Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Revenue | $90.0M | $75.0M | $71.9M | $68.4M |
| Gross profit | $14.2M | $11.4M | $16.9M | $32.1M |
| Gross margin | 15.73% | 15.20% | 23.48% | 46.89% |
| Research & development | $217.4M | $240.2M | $122.7M | $153.6M |
| Operating expenses | $275.0M | $296.9M | $160.1M | $202.8M |
| Operating income | −$260.9M | −$285.5M | −$143.2M | −$170.7M |
| Operating margin | −289.84% | −380.57% | −199.22% | −249.63% |
| EBITDA | −$253.8M | −$275.7M | −$127.7M | −$153.1M |
| EBITDA margin | −281.95% | −367.51% | −177.67% | −223.90% |
| Net income | −$134.0M | −$274.1M | −$124.8M | −$148.0M |
| Net profit margin | −148.85% | −365.37% | −173.59% | −216.44% |
| Basic EPSper basic share | -$0.35 | -$2.40 | -$1.40 | -$1.73 |
| Diluted EPSper diluted share | -$0.35 | -$2.40 | -$1.40 | -$1.73 |
Reported shareholders
Reported holdings Number of shares
| Holder | Shares held |
|---|---|
ONTARIO TEACHERS PENSION PLAN BOARD | 21.64M |
BAILLIE GIFFORD & CO | 12.42M |
FMR LLC | 10.81M |
VANGUARD CAPITAL MANAGEMENT LLC | 8.15M |
HSG Holding Ltd | 7.54M |
TMT General Partner Ltd | 6.94M |
NORGES BANK | 5.31M |
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 4.43M |
UBS Group AG | 4.39M |
Aspex Management (HK) Ltd | 4.14M |
IDG China Venture Capital Fund IV Associates L.P. | 3.99M |
MORGAN STANLEY | 2.91M |
WELLINGTON MANAGEMENT GROUP LLP | 2.8M |
Eurizon Capital SGR S.p.A. | 2.74M |
BAMCO INC /NY/ | 2.72M |
M&G PLC | 2.43M |
Carlyle Group Inc. | 2.36M |
VANGUARD FIDUCIARY TRUST CO | 2.23M |
ARK Investment Management LLC | 2.21M |
GOLDMAN SACHS GROUP INC | 1.86M |
Bars compare reported share counts. A matching total for this share class and reporting period is unavailable, so percentages are not shown.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 26, 2026Form 4 | Mo LuyiVice President | SellClass A Ordinary Shares | 14.5K | $6.86 | $99.2K | 350.2K |
| Jun 26, 2026Form 4 | ZHANG NINGVice President | SellClass A Ordinary Shares | 17.3K | $6.86 | $119.0K | 630.1K |
| Jun 26, 2026Form 4 | Wang HaojunChief Financial Officer | SellClass A Ordinary Shares | 13.8K | $6.86 | $94.3K | 1.44M |
| Mar 30, 2026Form 4 | ZHANG NINGVice President | SellClass A Ordinary Shares | 22.9K | $8.69 | $199.4K | 612.5K |
| Mar 30, 2026Form 4 | Gao TianVP, Chief of Staff, GC | SellClass A Ordinary Shares | 31.6K | $8.69 | $274.3K | 331.7K |