Revenue
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $307.2M | $366.3M | $361.1M | $347.2M | $196.3M | $113.0M | $195.7M | $120.1M | $66.7M | $30.9M | — | — | — | — | — | — |
| Gross profit | $107.9M | $163.9M | $360.6M | $345.4M | $192.0M | $108.9M | $192.8M | $92.3M | $50.7M | $21.0M | — | — | — | — | — | — |
| Gross margin | 35.13% | 44.75% | 99.87% | 99.47% | 97.79% | 96.38% | 98.53% | 76.84% | 76.04% | 68.01% | — | — | — | — | — | — |
| Operating expenses | $341.5M | $233.4M | $215.3M | $155.5M | $100.5M | $381.7M | $135.6M | $100.1M | $50.7M | $87.9M | $44.3M | $25.5M | $10.7M | $3.8M | — | — |
| Operating income | −$34.3M | $132.9M | $145.8M | $191.7M | $95.8M | −$268.7M | $60.1M | $20.0M | $16.0M | −$57.0M | −$13.3M | $12.6M | −$389,324 | −$2.0M | −$326,454 | −$58,972 |
| Operating margin | −11.18% | 36.28% | 40.38% | 55.22% | 48.78% | −237.70% | 30.73% | 16.63% | 23.94% | −184.87% | — | — | — | — | — | — |
| EBITDA | $62.1M | $231.6M | $234.4M | $247.5M | $132.9M | −$225.7M | $116.3M | $59.0M | $36.5M | −$45.5M | $1.9M | $24.4M | $1.9M | −$1.5M | −$325,255 | −$56,310 |
| EBITDA margin | 20.21% | 63.22% | 64.92% | 71.27% | 67.71% | −199.65% | 59.45% | 49.13% | 54.70% | −147.65% | — | — | — | — | — | — |
| Net income | −$34.7M | $67.5M | $104.9M | $138.6M | $3.3M | −$253.4M | $29.5M | $9.0M | $1.8M | −$37.6M | −$9.1M | $8.4M | −$452,209 | −$1.7M | −$320,248 | −$78,419 |
| Net profit margin | −11.31% | 18.42% | 29.04% | 39.92% | 1.69% | −224.21% | 15.07% | 7.50% | 2.63% | −122.00% | — | — | — | — | — | — |
| Basic EPSper basic share | -$0.17 | $0.34 | $0.55 | $1.14 | $0.03 | -$3.48 | $0.44 | $0.15 | $0.03 | -$0.97 | -$0.32 | $0.34 | -$0.03 | -$0.21 | -$0.09 | -$0.02 |
| Diluted EPSper diluted share | -$0.17 | $0.34 | $0.54 | $0.98 | $0.03 | -$3.48 | $0.44 | $0.15 | $0.03 | -$0.97 | -$0.32 | $0.33 | -$0.03 | -$0.21 | -$0.09 | -$0.02 |
Reported shareholders
| Holder | % owned |
|---|---|
Warburg Pincus Energy (E&P) Partners-A, L.P. / Warburg Pincus (E&P) Energy LLC / WP ENERGY PARTNERS STRONGHOLD HOLDINGS, L.P. / Warburg Pincus Energy (E&P)-A, L.P. / Warburg Pincus Partners II (US), L.P. / Warburg Pincus (E&P) Energy GP, L.P. / Warburg Pincus Energy (E&P) Partners-B, L.P. / Warburg Pincus & Co US, LLC / WARBURG PINCUS ENERGY (E&P) PARTNERS-B STRONGHOLD, LLC / WP ENERGY STRONGHOLD HOLDINGS, L.P. | ≈7.87%20.51M shares |
Warburg Pincus XII (E&P) Partners-1, L.P. / WP XII (E&P) Partners (A), L.P. / WP XII STRONGHOLD HOLDINGS, L.P. / Warburg Pincus Private Equity (E&P) XII (A), L.P. / Warburg Pincus (E&P) XII, L.P. / Warburg Pincus (E&P) XII LLC / Warburg Pincus XII (E&P) Partners-2, L.P. / Warburg Pincus Private Equity (E&P) XII-E (A), L.P. / Warburg Pincus Private Equity (E&P) XII-D (A), L.P. / WARBURG PINCUS XII (E&P) PARTNERS-2 STRONGHOLD, LLC | ≈7.87%20.51M shares |
PEAK6 LLC | 6.56%17.08M shares |
BlackRock, Inc. | 4.64%12.09M shares |
ADAGE CAPITAL PARTNERS GP, L.L.C. | 4.09%10.65M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.41%8.88M shares |
TWO SIGMA INVESTMENTS, LP | 3.09%8.05M shares |
BARCLAYS PLC | 2.84%7.4M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 1.77%4.62M shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.76%4.58M shares |
McKinney Paul D. | ≈1.60%4.16M shares |
RENAISSANCE TECHNOLOGIES LLC | 1.58%4.12M shares |
ACADIAN ASSET MANAGEMENT LLC | 1.37%3.56M shares |
CDC Financial, Inc. | 1.36%3.54M shares |
UBS Group AG | 1.19%3.1M shares |
Connor, Clark & Lunn Investment Management Ltd. | 1.12%2.92M shares |
FIRST TRUST ADVISORS LP | 1.04%2.71M shares |
STATE STREET CORP | 0.96%2.51M shares |
BRIDGEWAY CAPITAL MANAGEMENT, LLC | 0.83%2.17M shares |
GOLDMAN SACHS GROUP INC | 0.57%1.49M shares |
Percentages use 260.52M 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 15, 2026Form 4 | McKinney Paul D.CEO and Chairman of the Board | BuyCommon Stock | 50.0K | $1.19 | $59.5K | 4.16M |
| Jun 15, 2026Form 4 | Johl Sundip SinghEVP, Chief Financial Officer | BuyCommon Stock | 231.0K | $1.21 | $279.5K | 548.5K |
| Aug 14, 2025Form 4 | Dyes AlexanderEVP Chief Operations Officer | BuyCommon Stock | 29.1K | $0.86 | $25.0K | 907.2K |
| Aug 12, 2025Form 4 | McKinney Paul D.CEO and Chairman of the Board | BuyCommon Stock | 20.0K | $0.84 | $16.8K | 3.02M |
| Aug 11, 2025Form 4 | McKinney Paul D.CEO and Chairman of the Board | BuyCommon Stock | 30.0K | $0.80 | $24.0K | 3.00M |