Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $858,000 | $636,000 | $0 | $0 | — | — |
| Research & development | $19.6M | $41.5M | $53.5M | $40.7M | $26.9M | $17.6M |
| Operating expenses | $33.9M | $61.1M | $78.9M | $67.9M | $45.6M | $25.3M |
| Operating income | −$33.1M | −$60.5M | −$78.9M | −$67.9M | −$45.6M | −$25.3M |
| Operating margin | −3,853.61% | −9,511.95% | — | — | — | — |
| EBITDA | −$33.0M | −$60.4M | −$78.8M | −$67.7M | −$45.5M | −$25.2M |
| EBITDA margin | −3,842.89% | −9,491.35% | — | — | — | — |
| Net income | −$9.0M | −$57.8M | −$74.6M | −$66.7M | −$47.0M | −$26.4M |
| Net profit margin | −1,046.39% | −9,084.12% | — | — | — | — |
| Basic EPSper basic share | -$1.59 | -$10.61 | -$14.72 | -$16.72 | -$14.72 | -$12.16 |
| Diluted EPSper diluted share | -$1.59 | -$10.61 | -$14.72 | -$16.72 | -$14.72 | -$12.16 |
Reported shareholders
Reported holdings Number of shares
| Holder | Shares held |
|---|---|
CITADEL ADVISORS LLC | 7.71M |
ADAR1 Capital Management, LLC | 926.35K |
FMR LLC | 794.72K |
VIKING GLOBAL INVESTORS LP | 524.35K |
TPG GP A, LLC | 378.55K |
Nantahala Capital Management, LLC | 376.84K |
Pivotal bioVenture Partners Investment Advisor LLC | 300.58K |
RENAISSANCE TECHNOLOGIES LLC | 199.91K |
VANGUARD CAPITAL MANAGEMENT LLC | 172.5K |
Almitas Capital LLC | 120.68K |
Rangeley Capital, LLC | 104.85K |
Mariner, LLC | 50.57K |
JANE STREET GROUP, LLC | 47.42K |
GEODE CAPITAL MANAGEMENT, LLC | 32.05K |
BlackRock, Inc. | 30.33K |
HRT FINANCIAL LP | 25.66K |
XTX Topco Ltd | 21.5K |
VANGUARD FIDUCIARY TRUST CO | 16.82K |
TWO SIGMA INVESTMENTS, LP | 16.62K |
STATE STREET CORP | 13K |
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 |
|---|---|---|---|---|---|---|
| May 19, 2026Form 4 | ADAR1 Capital Management, LLC +1TenPercentOwner | BuyCommon Stock · indirect | 200 | $13.80 | $2.8K | 926.4K |
| May 19, 2026Form 4 | ADAR1 Capital Management, LLC +1TenPercentOwner | BuyCommon Stock · indirect | 10.0K | $13.98 | $139.8K | 926.2K |
| May 18, 2026Form 4 | ADAR1 Capital Management, LLC +1TenPercentOwner | BuyCommon Stock · indirect | 6.0K | $13.98 | $84.0K | 916.2K |
| May 15, 2026Form 4 | Schneeberger Daniel +1TenPercentOwner | BuyCommon Stock · indirect | 200 | $13.95 | $2.8K | 910.1K |
| May 15, 2026Form 4 | Schneeberger Daniel +1TenPercentOwner | BuyCommon Stock · indirect | 100 | $13.80 | $1.4K | 909.9K |