Revenue
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $727.3M | $660.6M | $591.6M | $509.7M | $484.3M | $444.4M | $408.8M | $276.7M | $240.3M | $231.8M | $104.8M | $92.1M | $71.5M | $64.9M | $43.5M | $34.4M |
| Gross profit | $314.3M | $290.1M | $244.6M | $187.9M | $187.1M | $185.9M | $196.8M | $127.3M | $102.0M | $98.1M | $43.8M | $40.7M | $31.7M | $26.8M | $19.4M | $15.8M |
| Gross margin | 43.21% | 43.92% | 41.34% | 36.86% | 38.62% | 41.83% | 48.15% | 45.99% | 42.44% | 42.32% | 41.75% | 44.22% | 44.41% | 41.37% | 44.68% | 45.92% |
| Research & development | $37.1M | $31.2M | $27.3M | $30.3M | $21.9M | $8.2M | $8.5M | $3.0M | $3.6M | $4.6M | $4.2M | $2.7M | $2.4M | $2.3M | $543,000 | — |
| Operating expenses | $430.2M | $382.2M | $352.3M | $345.5M | $305.8M | $199.9M | $183.8M | $117.2M | $99.1M | $95.9M | $49.4M | $38.5M | $28.6M | $25.6M | $19.8M | $18.7M |
| Operating income | −$115.9M | −$92.1M | −$107.7M | −$157.6M | −$118.8M | −$14.0M | $13.0M | $10.0M | $2.9M | $2.2M | −$5.6M | $2.2M | $3.2M | $1.2M | −$409,000 | −$3.0M |
| Operating margin | −15.93% | −13.94% | −18.21% | −30.92% | −24.52% | −3.15% | 3.18% | 3.63% | 1.21% | 0.93% | −5.38% | 2.41% | 4.44% | 1.87% | −0.94% | −8.62% |
| EBITDA | −$48.1M | −$19.6M | −$35.2M | −$88.2M | −$65.4M | $11.9M | $33.4M | $25.8M | $18.5M | $18.1M | $1.1M | $7.6M | $7.4M | $4.8M | $1.7M | −$1.2M |
| EBITDA margin | −6.61% | −2.96% | −5.94% | −17.30% | −13.50% | 2.68% | 8.16% | 9.34% | 7.70% | 7.80% | 1.04% | 8.21% | 10.30% | 7.47% | 3.85% | −3.44% |
| Net income | −$108.0M | −$78.7M | −$88.0M | −$144.3M | −$8.3M | $4.2M | $8.0M | $2.6M | −$396,000 | −$6.1M | −$2.5M | $1.1M | $2.0M | $65,000 | −$1.2M | −$3.3M |
| Net profit margin | −14.85% | −11.92% | −14.87% | −28.30% | −1.72% | 0.94% | 1.96% | 0.95% | −0.16% | −2.65% | −2.42% | 1.23% | 2.84% | 0.10% | −2.71% | −9.61% |
| Basic EPSper basic share | -$0.84 | -$0.62 | -$0.70 | -$1.16 | — | — | — | — | — | — | -$0.04 | $0.02 | $0.04 | $0.00 | -$0.03 | -$0.09 |
| Diluted EPSper diluted share | -$0.84 | -$0.62 | -$0.70 | -$1.16 | — | — | — | — | — | — | -$0.04 | $0.02 | $0.04 | $0.00 | -$0.03 | -$0.09 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 16.31%20.87M shares |
First Light Asset Management, LLC | 9.60%12.28M shares |
FIRST TRUST ADVISORS LP | 7.91%10.11M shares |
Greenhouse Funds LLLP | 6.70%8.57M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 6.30%8.06M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.51%5.76M shares |
STATE STREET CORP | 4.19%5.36M shares |
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | 3.94%5.04M shares |
BRAIDWELL LP | 3.84%4.92M shares |
SCHRODER INVESTMENT MANAGEMENT GROUP | 3.40%4.34M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.68%3.43M shares |
MILLENNIUM MANAGEMENT LLC | 2.41%3.08M shares |
LOOMIS SAYLES & CO L P | 1.98%2.54M shares |
Driehaus Capital Management LLC | 1.96%2.51M shares |
BANK OF AMERICA CORP /DE/ | 1.90%2.44M shares |
DIMENSIONAL FUND ADVISORS LP | 1.88%2.4M shares |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.87%2.39M shares |
AMERICAN CAPITAL MANAGEMENT INC | 1.75%2.24M shares |
D. E. Shaw & Co., Inc. | 1.72%2.19M shares |
SAMLYN CAPITAL, LLC | 1.67%2.13M shares |
Percentages use 127.92M shares of this listed class outstanding on Jun 30, 2026.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 15, 2026Form 4 · 10b5-1 | TETRAULT LYNN A.Director | SellCommon Stock | 5.3K | $11.10 | $58.9K | 86.1K |
| Jun 9, 2026Form 4 · 10b5-1 | TETRAULT LYNN A.Director | SellCommon Stock | 5.3K | $11.29 | $59.9K | 91.4K |
| Jan 20, 2026Form 4 · 10b5-1 | Stone WarrenPres & Chief Operating Officer | SellCommon Stock | 22.1K | $12.50 | $276.6K | 121.6K |
| Nov 25, 2025Form 4 · 10b5-1 | Olivo Alicia CEVP, GC & Business Development | SellCommon Stock | 20.9K | $12.00 | $251.0K | 31.1K |
| Oct 16, 2025Form 4 · 10b5-1 | Olivo Alicia CEVP, GC & Business Development | SellCommon Stock | 4.9K | $10.00 | $49.2K | 43.0K |