Revenue
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $189.8M | $130.1M | $77.4M | $23.6M | $3.2M | $0 | $0 | $0 | $0 | $0 | — |
| Gross profit | $170.3M | $116.8M | $68.1M | $21.5M | $2.6M | — | — | — | — | — | — |
| Gross margin | 89.73% | 89.73% | 87.99% | 90.98% | 81.01% | — | — | — | — | — | — |
| Research & development | $167.3M | $238.0M | $135.0M | $108.6M | $104.1M | $90.5M | $109.5M | $50.3M | $22.9M | $19.6M | $7.1M |
| Operating expenses | $381.8M | $395.6M | $261.8M | $202.8M | $173.2M | $136.6M | $146.0M | $78.4M | $32.4M | $25.9M | $10.6M |
| Operating income | −$192.0M | −$265.5M | −$184.4M | −$179.2M | −$170.1M | −$136.6M | −$146.0M | −$78.4M | −$32.4M | −$25.9M | −$10.6M |
| Operating margin | −101.19% | −204.04% | −238.10% | −757.92% | −5,391.85% | — | — | — | — | — | — |
| EBITDA | −$191.5M | −$264.8M | −$183.5M | −$178.3M | −$169.2M | −$135.9M | −$145.2M | −$78.0M | −$32.2M | −$25.8M | — |
| EBITDA margin | −100.93% | −203.50% | −236.94% | −754.13% | −5,365.98% | — | — | — | — | — | — |
| Net income | −$196.5M | −$260.6M | −$184.7M | −$181.1M | −$69.6M | −$134.0M | −$140.7M | −$74.1M | −$33.7M | −$25.9M | −$11.1M |
| Net profit margin | −103.57% | −200.27% | −238.52% | −766.22% | −2,207.10% | — | — | — | — | — | — |
| Basic EPSper basic share | -$3.11 | -$4.34 | -$3.20 | -$3.47 | -$1.40 | -$3.04 | -$3.86 | -$2.39 | -$2.83 | -$2.85 | -$1.18 |
| Diluted EPSper diluted share | -$3.11 | -$4.34 | -$3.20 | -$3.47 | -$1.40 | -$3.04 | -$3.86 | -$2.39 | -$2.83 | -$2.85 | -$1.18 |
Reported shareholders
| Holder | % owned |
|---|---|
RA CAPITAL MANAGEMENT, L.P. | 9.69%6.67M shares |
BlackRock, Inc. | 8.95%6.16M shares |
BAKER BROS. ADVISORS LP | 8.14%5.6M shares |
PRIMECAP MANAGEMENT CO/CA/ | 4.60%3.17M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 4.56%3.14M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.37%3.01M shares |
JPMORGAN CHASE & CO | 3.85%2.65M shares |
PERCEPTIVE ADVISORS LLC | 3.76%2.59M shares |
STATE STREET CORP | 3.74%2.57M shares |
PRICE T ROWE ASSOCIATES INC /MD/ | 3.73%2.57M shares |
WESTFIELD CAPITAL MANAGEMENT CO LP | 3.21%2.21M shares |
GOLDMAN SACHS GROUP INC | 3.09%2.13M shares |
FEDERATED HERMES, INC. | 2.59%1.79M shares |
Polar Capital Holdings Plc | 2.42%1.66M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.23%1.53M shares |
Capital Research Global Investors | 2.23%1.53M shares |
CITADEL ADVISORS LLC | 1.84%1.26M shares |
Checkpoint Capital L.P. | 1.72%1.19M shares |
Siren, L.L.C. | 1.65%1.14M shares |
MORGAN STANLEY | 1.62%1.11M shares |
Percentages use 68.82M 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 22, 2026Form 4 · 10b5-1 | TETRAULT LYNN A.Director | SellCommon Stock | 37.0K | $100.32 | $3.71M | 7.0K |
| May 15, 2026Form 4 | German Christopher PaulCorporate Controller & CAO | SellCommon Stock | 4.6K | $92.21 | $428.1K | 0 |
| Mar 4, 2026Form 4 | German Christopher PaulCorporate Controller & CAO | SellCommon Stock | 5.6K | $89.56 | $502.8K | 160 |
| Feb 19, 2026Form 4 · 10b5-1 | Smith Hunter CChief Financial Officer | SellCommon Stock | 585 | $103.28 | $60.4K | 110.5K |
| Feb 19, 2026Form 4 · 10b5-1 | Smith Hunter CChief Financial Officer | SellCommon Stock | 800 | $102.10 | $81.7K | 111.1K |