Revenue
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $46.0M | $434.4M | $60.0M | $26.6M | $27.4M | $28.6M | $231,000 | $30.9M | $20.1M | — | — | — |
| Research & development | $159.3M | $138.1M | $120.2M | $126.2M | $126.0M | $74.5M | $65.0M | $59.5M | $46.2M | $25.7M | $11.8M | $7.5M |
| Operating expenses | $204.1M | $181.6M | $153.7M | $158.0M | $153.2M | $93.1M | $80.8M | $73.2M | $58.0M | $32.7M | $14.8M | $9.3M |
| Operating income | −$158.1M | $252.8M | −$93.7M | −$131.4M | −$125.8M | −$64.5M | −$80.5M | −$42.3M | −$37.9M | −$32.7M | −$14.8M | −$9.3M |
| Operating margin | −343.63% | 58.20% | −156.09% | −494.24% | −460.01% | −225.36% | −34,857.58% | −136.68% | −188.89% | — | — | — |
| EBITDA | −$156.8M | $253.7M | −$92.7M | −$130.3M | −$125.0M | −$63.6M | −$79.8M | −$41.7M | −$37.5M | −$32.3M | −$14.5M | −$9.1M |
| EBITDA margin | −340.85% | 58.39% | −154.46% | −490.35% | −457.04% | −222.05% | −34,540.69% | −134.98% | −186.87% | — | — | — |
| Net income | −$130.1M | $275.2M | −$79.0M | −$127.4M | −$125.6M | −$66.2M | −$77.2M | −$38.9M | −$37.0M | −$37.2M | −$14.9M | −$11.1M |
| Net profit margin | −282.83% | 63.34% | −131.59% | −479.26% | −458.94% | −231.07% | −33,414.29% | −125.87% | −184.20% | — | — | — |
| Basic EPSper basic share | -$2.05 | $4.47 | -$1.39 | -$2.60 | -$2.71 | -$1.92 | -$2.98 | -$1.74 | -$2.09 | -$5.80 | -$59.32 | -$49.38 |
| Diluted EPSper diluted share | -$2.05 | $4.23 | -$1.39 | -$2.60 | -$2.71 | -$1.92 | -$2.98 | -$1.74 | -$2.09 | -$5.80 | -$59.32 | -$49.38 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 15.94%10.31M shares |
FARALLON CAPITAL MANAGEMENT, L.L.C. | 9.82%6.35M shares |
RTW INVESTMENTS, LP | 7.83%5.06M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 5.61%3.63M shares |
WELLINGTON MANAGEMENT GROUP LLP | 5.28%3.42M shares |
UBS Group AG | 5.26%3.4M shares |
STATE STREET CORP | 5.14%3.32M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.41%2.85M shares |
JOHNSON & JOHNSON | 3.79%2.45M shares |
Invesco Ltd. | 3.62%2.34M shares |
PRICE T ROWE ASSOCIATES INC /MD/ | 3.32%2.15M shares |
Jupiter Topco LLC | 3.29%2.13M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.69%1.74M shares |
Woodline Partners LP | 2.19%1.41M shares |
BANK OF AMERICA CORP /DE/ | 2.05%1.32M shares |
JENNISON ASSOCIATES LLC | 1.78%1.15M shares |
PERCEPTIVE ADVISORS LLC | 1.52%981.88K shares |
ADAR1 Capital Management, LLC | 1.49%960.86K shares |
MORGAN STANLEY | 1.40%905.99K shares |
Alyeska Investment Group, L.P. | 1.38%889.3K shares |
Percentages use 64.67M 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 23, 2026Form 4 · 10b5-1 | Waddill William D.Director | SellCommon Stock | 9.0K | $117.94 | $1.06M | 7.8K |
| Jun 10, 2026Form 4 · 10b5-1 | Waddill William D.Director | SellCommon Stock | 9.0K | $107.68 | $969.1K | 7.8K |
| May 29, 2026Form 4 · 10b5-1 | Waddill William D.Director | SellCommon Stock | 9.0K | $99.64 | $896.8K | 7.8K |
| May 12, 2026Form 4/A · 10b5-1 | PATEL DINESH V PH DPresident and CEO | SellCommon Stock | 75.0K | $100.12 | $7.51M | 523.5K |
| May 12, 2026Form 4 | PATEL DINESH V PH DPresident and CEO | SellCommon Stock | 75.0K | $100.12 | $7.51M | 523.5K |