Revenue
2010
2011
2012
2013
2014
2015
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 | $11.1M | $18.2M | $65.9M | $32.9M | $26.3M | $8.5M | $10.0M | $910,808 | $0 | $1.7M | $2.1M | $2.8M | $1.7M | $492,899 | $564,128 | $78,815 |
| Gross profit | $5.3M | $7.4M | $25.7M | $16.1M | $16.2M | $3.7M | −$1.1M | $240,269 | $0 | $898,225 | $961,575 | $942,792 | $1.1M | $231,047 | $392,891 | — |
| Gross margin | 47.68% | 40.71% | 39.04% | 48.99% | 61.72% | 43.39% | −10.88% | 26.38% | — | 52.36% | 45.37% | 33.79% | 62.01% | 46.88% | 69.65% | — |
| Research & development | $559,000 | $3.8M | $5.8M | $6.3M | $3.9M | $1.4M | $1.3M | $376,871 | $46,229 | — | — | — | — | — | — | — |
| Operating expenses | $18.5M | $34.6M | $38.0M | $54.0M | $45.4M | $8.8M | $4.5M | $2.0M | $139,110 | $784,778 | $608,102 | $499,951 | $452,327 | $75,946 | $292,633 | $503,874 |
| Operating income | −$13.1M | −$27.2M | −$12.3M | −$37.8M | −$29.2M | −$5.1M | −$5.6M | −$1.7M | −$139,110 | $113,447 | $353,473 | $442,841 | $614,802 | $155,101 | $271,495 | −$425,059 |
| Operating margin | −118.12% | −149.89% | −18.68% | −114.98% | −111.03% | −59.87% | −56.10% | −187.91% | — | 6.61% | 16.68% | 15.87% | 35.73% | 31.47% | 48.13% | −539.31% |
| EBITDA | −$12.7M | −$25.0M | −$9.7M | −$16.9M | −$28.3M | −$5.1M | −$5.6M | −$1.7M | −$138,901 | $123,921 | $361,511 | $448,929 | $617,663 | $155,101 | $284,381 | −$412,173 |
| EBITDA margin | −113.69% | −137.42% | −14.80% | −51.42% | −107.56% | −59.69% | −55.96% | −187.18% | — | 7.22% | 17.06% | 16.09% | 35.89% | 31.47% | 50.41% | −522.96% |
| Net income | −$17.5M | −$26.8M | −$53.1M | −$49.2M | −$35.3M | −$5.0M | −$4.7M | −$1.9M | −$139,319 | $57,858 | $260,480 | $36,358 | $544,330 | $54,781 | $167,076 | −$549,600 |
| Net profit margin | −157.45% | −147.72% | −80.62% | −149.61% | −134.10% | −58.74% | −46.83% | −207.87% | — | 3.37% | 12.29% | 1.30% | 31.63% | 11.11% | 29.62% | −697.33% |
| Basic EPSper basic share | -$7.33 | -$35.06 | -$88.46 | — | — | -$14.88 | -$14.88 | -$10.50 | $5.25 | — | $10.50 | $0.00 | $26.25 | $5.25 | $10.50 | -$31.50 |
| Diluted EPSper diluted share | -$7.33 | -$35.06 | -$88.46 | — | — | -$14.88 | -$14.88 | -$10.50 | $5.25 | $0.00 | $10.50 | $0.00 | $10.50 | $5.25 | $10.50 | -$31.50 |
Reported shareholders
| Holder | % owned |
|---|---|
S8 Global Fintech & Regtech Fund | ≈27.10%3.6M shares |
Errez Ben | ≈18.15%2.41M shares |
Nisan Fredi | ≈18.13%2.41M shares |
Bailey David F | ≈3.15%418.97K shares |
ARMISTICE CAPITAL, LLC | 2.63%350K shares |
Heckman James Charles Jr | ≈1.95%259.93K shares |
Oliva George | ≈1.86%246.82K shares |
Madhavji Alykhan | ≈1.75%233.41K shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.18%156.88K shares |
Sornsin William Carrier Jr | ≈0.96%127.31K shares |
Kirscher Zechariah John | ≈0.61%80.88K shares |
Alexander Michael Lewis | ≈0.40%53.05K shares |
Montoya David | ≈0.38%50.57K shares |
STATE STREET CORP | 0.34%44.98K shares |
MILLENNIUM MANAGEMENT LLC | 0.32%41.94K shares |
BlackRock, Inc. | 0.24%31.59K shares |
NORTHERN TRUST CORP | 0.22%29.49K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 0.15%20.09K shares |
NewEdge Advisors, LLC | 0.15%20.04K shares |
JANE STREET GROUP, LLC | 0.11%15.13K shares |
Percentages use 13.3M 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 |
|---|---|---|---|---|---|---|
| Jul 16, 2025Form 4 | S8 Global Fintech & Regtech FundTenPercentOwner | BuyCommon Stock, par value $0.001 per share | 200.0K | $0.36 | $72.0K | 3.60M |
| Jul 1, 2025Form 4 | S8 Global Fintech & Regtech FundTenPercentOwner | SellCommon Stock, par value $0.001 per share | 100.0K | $0.83 | $83.0K | 3.40M |
| Jun 30, 2025Form 4 | S8 Global Fintech & Regtech FundTenPercentOwner | BuyCommon Stock, par value $0.001 per share | 14.5K | $0.80 | $11.6K | 3.50M |
| Jun 27, 2025Form 4 | S8 Global Fintech & Regtech FundTenPercentOwner | BuyCommon Stock, par value $0.001 per share | 100.0K | $0.79 | $79.0K | 3.49M |
| Jun 26, 2025Form 4 | S8 Global Fintech & Regtech FundTenPercentOwner | BuyCommon Stock, par value $0.001 per share | 100.0K | $0.88 | $88.0K | 3.39M |