Revenue
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $4.37B | $5.15B | $6.95B | $15.57B | $8.02B | $2.58B | $4.74B | $1.84B |
| Gross profit | $350.0M | $433.0M | $487.0M | $667.0M | $730.0M | $220.0M | $301.0M | $133.4M |
| Gross margin | 8.01% | 8.40% | 7.01% | 4.28% | 9.10% | 8.52% | 6.35% | 7.26% |
| Research & development | $79.0M | $141.0M | $167.0M | $169.0M | $134.0M | $56.0M | $51.0M | $28.5M |
| Operating expenses | $637.0M | $753.0M | $873.0M | $1.60B | $1.30B | $406.0M | $549.0M | $297.1M |
| Operating income | −$287.0M | −$320.0M | −$386.0M | −$931.0M | −$568.0M | −$186.0M | −$248.0M | −$163.7M |
| Operating margin | −6.57% | −6.21% | −5.56% | −5.98% | −7.08% | −7.20% | −5.23% | −8.90% |
| EBITDA | −$256.0M | −$287.0M | −$348.0M | −$894.0M | −$541.0M | −$164.0M | −$233.0M | −$159.1M |
| EBITDA margin | −5.86% | −5.57% | −5.01% | −5.74% | −6.74% | −6.35% | −4.91% | −8.65% |
| Net income | −$1.30B | −$392.0M | −$275.0M | −$1.35B | −$662.0M | −$253.0M | −$341.0M | −$241.3M |
| Net profit margin | −29.74% | −7.61% | −3.96% | −8.69% | −8.25% | −9.79% | −7.19% | −13.13% |
| Basic EPSper basic share | -$1.70 | -$0.56 | -$0.42 | -$2.16 | -$1.12 | -$2.31 | -$4.26 | -$3.16 |
| Diluted EPSper diluted share | -$1.70 | -$0.56 | -$0.42 | -$2.16 | -$1.12 | -$2.31 | -$4.37 | -$3.16 |
Reported shareholders
| Holder | % owned |
|---|---|
MORGAN STANLEY | 11.89%115.21M shares |
Nejatian Kasra | ≈8.63%83.58M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 7.87%76.21M shares |
BlackRock, Inc. | 7.53%72.92M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.57%34.62M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.58%24.95M shares |
STATE STREET CORP | 2.25%21.77M shares |
WHEELER CARRIE | ≈1.48%14.37M shares |
AMERICAN CENTURY COMPANIES INC | 1.47%14.2M shares |
LENNAR CORP /NEW/ | 1.40%13.53M shares |
DIMENSIONAL FUND ADVISORS LP | 1.30%12.58M shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.06%10.29M shares |
RENAISSANCE TECHNOLOGIES LLC | 0.93%9.03M shares |
NORTHERN TRUST CORP | 0.87%8.43M shares |
Nguyen Giang | ≈0.85%8.19M shares |
Marex Group Ltd | 0.68%6.54M shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.67%6.49M shares |
CITADEL ADVISORS LLC | 0.65%6.26M shares |
PRICE T ROWE ASSOCIATES INC /MD/ | 0.64%6.19M shares |
VANGUARD FIDUCIARY TRUST CO | 0.60%5.8M shares |
Percentages use 968.63M 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 |
|---|---|---|---|---|---|---|
| Jun 16, 2026Form 4 · 10b5-1 | Benson David CDirector | SellCommon Stock | 40.0K | $4.83 | $193.2K | 180.1K |
| May 15, 2026Form 4 · 10b5-1 | Schwartz ChristinaChief Financial Officer | SellCommon Stock | 74.3K | $4.33 | $321.9K | 3.77M |
| May 11, 2026Form 4 | Nejatian KasraChief Executive Officer | BuyCommon Stock | 100.0K | $4.88 | $488.0K | 83.58M |
| Apr 15, 2026Form 4 | Nguyen GiangChief Operating Officer | SellCommon Stock | 10.9K | $4.65 | $50.5K | 8.19M |
| Feb 17, 2026Form 4 · 10b5-1 | Schwartz ChristinaChief Financial Officer | SellCommon Stock | 74.2K | $4.32 | $320.8K | 3.84M |