Revenue
2020
2021
2022
2023
2024
2025
2026
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
| Revenue | $307.7M | $244.4M | $220.7M | $191.3M | $131.2M | $113.2M | $95.7M |
| Gross profit | $172.5M | $139.7M | $113.0M | $94.0M | $48.2M | $25.8M | −$6.7M |
| Gross margin | 56.05% | 57.18% | 51.18% | 49.15% | 36.75% | 22.78% | −6.95% |
| Research & development | $106.7M | $101.0M | $116.3M | $110.9M | $66.7M | $43.8M | $37.9M |
| Operating expenses | $267.6M | $255.8M | $282.7M | $269.7M | $176.3M | $113.2M | $99.8M |
| Operating income | −$95.1M | −$116.1M | −$169.7M | −$175.7M | −$128.1M | −$87.4M | −$106.5M |
| Operating margin | −30.90% | −47.52% | −76.91% | −91.85% | −97.59% | −77.27% | −111.20% |
| EBITDA | −$53.2M | −$70.5M | −$122.1M | −$132.3M | −$83.0M | −$25.2M | −$28.8M |
| EBITDA margin | −17.30% | −28.85% | −55.33% | −69.20% | −63.26% | −22.29% | −30.12% |
| Net income | −$246.9M | −$123.2M | −$140.5M | −$162.0M | −$137.1M | −$127.1M | −$123.7M |
| Net profit margin | −80.22% | −50.42% | −63.67% | −84.69% | −104.51% | −112.31% | −129.22% |
| Basic EPSper basic share | -$0.80 | -$0.42 | -$0.50 | -$0.61 | -$1.72 | -$2.87 | -$2.89 |
| Diluted EPSper diluted share | -$0.80 | -$0.42 | -$0.50 | -$0.61 | -$1.72 | -$2.87 | -$2.89 |
Reported shareholders
| Holder | % owned |
|---|---|
Alphabet Inc. | ≈10.59%35.25M shares |
BlackRock, Inc. | ≈5.55%18.48M shares |
AMERICAN CENTURY COMPANIES INC | ≈4.33%14.4M shares |
VANGUARD CAPITAL MANAGEMENT LLC | ≈3.87%12.87M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | ≈3.59%11.95M shares |
VAN ECK ASSOCIATES CORP | ≈2.98%9.92M shares |
D. E. Shaw & Co., Inc. | ≈2.93%9.75M shares |
Driehaus Capital Management LLC | ≈2.02%6.72M shares |
GEODE CAPITAL MANAGEMENT, LLC | ≈1.90%6.32M shares |
STATE STREET CORP | ≈1.65%5.49M shares |
UBS Group AG | ≈1.37%4.55M shares |
Invesco Ltd. | ≈1.28%4.26M shares |
GOLDMAN SACHS GROUP INC | ≈1.22%4.05M shares |
Capricorn Investment Group LLC | ≈1.21%4.02M shares |
LORD, ABBETT & CO. LLC | ≈1.16%3.85M shares |
ALLIANCEBERNSTEIN L.P. | ≈1.15%3.83M shares |
NORGES BANK | ≈1.11%3.71M shares |
DIMENSIONAL FUND ADVISORS LP | ≈1.05%3.5M shares |
BANK OF MONTREAL /CAN/ | ≈1.05%3.5M shares |
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | ≈1.03%3.44M shares |
Percentages use 332.91M shares of this listed class outstanding on Jun 1, 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 |
|---|---|---|---|---|---|---|
| Apr 15, 2026Form 4 · 10b5-1 | Brennan Ita MDirector | SellClass A Common Stock | 36.5K | $33.91 | $1.24M | 264.2K |
| Apr 6, 2026Form 4 · 10b5-1 | Schingler Robert HCo-Founder Chief Strategy Off. | SellClass A Common Stock · indirect | 73.7K | $35.07 | $2.58M | 256.5K |
| Apr 6, 2026Form 4 · 10b5-1 | Marshall William SpencerCo-Founder and CEO | SellClass A Common Stock | 200.0K | $35.07 | $7.01M | 3.19M |
| Apr 2, 2026Form 4 | Johnson Ashley F.President & CFO | SellClass A Common Stock | 148.5K | $35.22 | $5.23M | 1.90M |
| Apr 2, 2026Form 4 | Johnson Ashley F.President & CFO | SellClass A Common Stock | 51.5K | $34.76 | $1.79M | 2.04M |