Revenue
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $138.9M | $137.4M | $122.4M | $105.5M | $110.6M | $86.4M | $56.7M | $37.6M | $22.9M | $17.6M |
| Gross profit | $65.0M | $83.1M | $74.2M | $45.4M | $64.8M | $48.2M | $26.8M | $17.9M | $10.0M | $7.7M |
| Gross margin | 46.77% | 60.47% | 60.66% | 42.99% | 58.59% | 55.78% | 47.30% | 47.69% | 43.66% | 44.06% |
| Research & development | $35.9M | $31.1M | $26.1M | $26.8M | $28.4M | $20.2M | $16.2M | $15.8M | $16.3M | $17.0M |
| Operating expenses | $190.5M | $135.7M | $120.2M | $149.6M | $121.3M | $79.8M | $68.4M | $49.5M | $36.0M | $29.5M |
| Operating income | −$125.5M | −$52.6M | −$46.0M | −$104.3M | −$56.5M | −$31.6M | −$41.6M | −$31.6M | −$26.0M | −$21.7M |
| Operating margin | −90.38% | −38.29% | −37.58% | −98.81% | −51.12% | −36.57% | −73.32% | −83.84% | −113.69% | −123.46% |
| EBITDA | −$109.7M | −$46.2M | −$39.7M | −$98.9M | −$51.6M | −$27.3M | −$38.6M | −$30.2M | −$25.5M | −$21.3M |
| EBITDA margin | −78.98% | −33.59% | −32.46% | −93.68% | −46.71% | −31.57% | −68.02% | −80.25% | −111.58% | −120.94% |
| Net income | −$107.2M | −$38.5M | −$28.4M | −$99.6M | −$55.5M | −$31.5M | −$40.8M | −$31.5M | −$27.0M | −$23.2M |
| Net profit margin | −77.14% | −28.04% | −23.17% | −94.36% | −50.24% | −36.50% | −71.91% | −83.80% | −118.12% | −131.78% |
| Basic EPSper basic share | -$2.51 | -$1.00 | -$0.75 | -$2.69 | -$1.54 | -$1.07 | -$1.63 | — | — | — |
| Diluted EPSper diluted share | -$2.51 | -$1.00 | -$0.75 | -$2.69 | -$1.54 | -$1.07 | -$1.63 | — | — | — |
Reported shareholders
| Holder | % owned |
|---|---|
First Eagle Investment Management, LLC | 11.68%5.51M shares |
BlackRock, Inc. | 7.71%3.64M shares |
Blue Water Life Science Advisors, LP | 7.37%3.47M shares |
Portolan Capital Management, LLC | 4.03%1.9M shares |
WALT DAVID R | ≈3.97%1.87M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.82%1.8M shares |
Lionhunter Capital Management, LLC | 3.18%1.5M shares |
AQR CAPITAL MANAGEMENT LLC | 2.85%1.34M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.40%1.13M shares |
AMERIPRISE FINANCIAL INC | 2.09%987.42K shares |
MARSHALL WACE, LLP | 2.07%973.87K shares |
STATE STREET CORP | 1.98%932.31K shares |
Tikvah Management LLC | 1.21%571.56K shares |
Toloue Masoud | ≈1.08%507.31K shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 1.04%489.57K shares |
JACOBS LEVY EQUITY MANAGEMENT, INC | 1.03%487.6K shares |
MORGAN STANLEY | 0.95%447.69K shares |
JANE STREET GROUP, LLC | 0.89%419.05K shares |
GSA CAPITAL PARTNERS LLP | 0.87%410.25K shares |
TUDOR INVESTMENT CORP ET AL | 0.85%400.4K shares |
Percentages use 47.14M 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 12, 2026Form 4 | Meadows BenjaminChief Commercial Officer | BuyCommon Stock | 3.5K | $2.77 | $9.7K | 3.5K |
| Sep 12, 2025Form 4 | Sriram VandanaChief Financial Officer | BuyCommon Stock | 4.2K | $4.79 | $19.9K | 87.2K |
| Jun 13, 2025Form 4 | WALT DAVID RDirector | BuyCommon Stock | 124.0K | $6.14 | $761.3K | 1.87M |
| Jun 12, 2025Form 4 | WALT DAVID RDirector | BuyCommon Stock | 36.0K | $6.23 | $224.3K | 1.74M |
| Jun 9, 2025Form 4 | Toloue MasoudPresident & CEO | BuyCommon Stock | 45.9K | $5.42 | $248.8K | 518.9K |