Revenue
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — | $73.8M | $111.8M | $29.9M | $64.8M | $41.6M | $13.5M | $539,000 | $1.6M | $6.0M | $4.5M | $2.1M | $1.4M |
| Gross profit | — | — | — | — | $0 | $72.9M | $110.9M | $29.4M | $63.7M | $40.2M | $12.5M | $539,000 | $1.6M | — | — | — | — |
| Gross margin | — | — | — | — | — | 98.78% | 99.23% | 98.29% | 98.34% | 96.61% | 92.29% | 100.00% | 100.00% | — | — | — | — |
| Research & development | $81.3M | $119.5M | $114.9M | $112.7M | $118.8M | $107.6M | $106.3M | $89.9M | $55.6M | $50.7M | $48.4M | $47.9M | $36.3M | $31.9M | $23.7M | $23.5M | $16.9M |
| Operating expenses | $122.8M | $167.0M | $164.5M | $163.4M | — | $229.8M | $257.0M | $142.1M | $108.7M | $95.9M | $84.7M | $70.5M | $52.1M | $42.9M | $31.9M | $32.2M | $22.2M |
| Operating income | −$122.8M | −$167.0M | −$164.5M | −$163.4M | −$173.6M | −$156.9M | −$146.0M | −$112.2M | −$43.9M | −$54.3M | −$71.2M | −$70.0M | −$50.5M | −$36.9M | −$27.4M | −$30.1M | −$20.8M |
| Operating margin | — | — | — | — | — | −212.59% | −130.62% | −375.73% | −67.71% | −130.42% | −527.34% | −12,988.50% | −3,157.25% | −612.50% | −605.88% | −1,430.21% | −1,437.53% |
| EBITDA | −$121.8M | −$166.0M | −$163.6M | −$162.4M | −$172.2M | −$155.3M | −$144.2M | −$111.3M | −$43.3M | −$54.0M | −$71.0M | −$69.7M | −$50.2M | −$36.6M | −$27.0M | −$29.6M | −$20.3M |
| EBITDA margin | — | — | — | — | — | −210.40% | −129.02% | −372.51% | −66.86% | −129.70% | −525.79% | −12,929.68% | −3,138.38% | −607.19% | −596.26% | −1,407.79% | −1,406.30% |
| Net income | −$3.4M | −$156.8M | −$117.8M | $47.4M | $194.2M | −$138.1M | −$84.5M | −$126.8M | −$53.5M | −$66.7M | −$75.1M | −$73.7M | −$39.8M | −$38.4M | −$28.5M | −$29.3M | −$21.1M |
| Net profit margin | — | — | — | — | — | −187.04% | −75.57% | −424.39% | −82.50% | −160.38% | −555.90% | −13,668.46% | −2,487.25% | −638.39% | −630.99% | −1,389.60% | −1,460.46% |
| Basic EPSper basic share | -$0.05 | -$2.70 | -$1.88 | $0.76 | $3.12 | -$2.41 | -$1.71 | -$2.61 | -$1.17 | -$1.65 | -$2.00 | -$2.22 | -$1.39 | -$1.59 | -$1.29 | -$1.37 | -$2.92 |
| Diluted EPSper diluted share | -$0.05 | -$2.70 | -$1.88 | $0.76 | $3.12 | -$2.41 | -$1.71 | -$2.61 | -$1.17 | -$1.65 | -$2.00 | -$2.22 | -$1.39 | -$1.59 | -$1.29 | -$1.37 | -$2.92 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 8.39%6.04M shares |
INGALLS & SNYDER LLC | 5.08%3.66M shares |
UBS Group AG | 4.37%3.15M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.26%3.07M shares |
STATE STREET CORP | 3.22%2.32M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.66%1.91M shares |
Demopulos Gregory A MD | ≈2.63%1.89M shares |
STIFEL FINANCIAL CORP | 2.55%1.84M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 1.34%962.83K shares |
Invesco Ltd. | 1.04%751.77K shares |
NORTHERN TRUST CORP | 1.01%727.35K shares |
Rock Springs Capital Management LP | 1.00%718.5K shares |
Corient Private Wealth LP | 0.92%659.73K shares |
Rubric Capital Management LP | 0.91%656.87K shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.84%604.63K shares |
BANK OF MONTREAL /CAN/ | 0.79%568.42K shares |
VANGUARD FIDUCIARY TRUST CO | 0.68%491.17K shares |
FEDERATED HERMES, INC. | 0.66%478.29K shares |
Clutterbuck Capital Management LLC | 0.62%450K shares |
TWO SIGMA INVESTMENTS, LP | 0.56%402.66K shares |
Percentages use 72.09M shares of this listed class outstanding on Jun 30, 2026. ≈ compares the latest reported holding with a share total from a different date; it is not a confirmed current stake.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| May 22, 2026Form 4 · 10b5-1 | Cable Thomas J.Director | SellCommon Stock | 7.5K | $11.61 | $87.1K | 35.1K |
| Jan 13, 2026Form 4 | Borges David J.VP, Finance & CAO | SellCommon stock | 30.0K | $12.31 | $369.3K | 0 |
| Jan 12, 2026Form 4 | Borges David J.VP, Finance & CAO | SellCommon stock | 30.0K | $12.72 | $381.6K | 0 |