Revenue
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $17.7M | $12.9M | $10.1M | $6.0M | $4.2M | $0 | — |
| Gross profit | $12.8M | $7.8M | $5.0M | $2.7M | $2.4M | $0 | — |
| Gross margin | 72.46% | 60.96% | 49.81% | 45.38% | 55.83% | — | — |
| Research & development | $5.0M | $7.5M | $10.7M | $13.1M | $9.6M | $5.9M | $6.4M |
| Operating expenses | $48.7M | $65.1M | $79.5M | $96.9M | $72.9M | $22.4M | — |
| Operating income | −$31.0M | −$52.2M | −$69.4M | −$90.9M | −$68.6M | −$22.4M | −$20.7M |
| Operating margin | −175.18% | −405.64% | −688.93% | −1,511.43% | −1,616.08% | — | — |
| EBITDA | −$23.3M | −$39.6M | −$52.1M | −$76.5M | −$57.8M | −$19.2M | −$16.5M |
| EBITDA margin | −131.47% | −307.31% | −517.64% | −1,273.14% | −1,361.20% | — | — |
| Net income | −$4.8M | −$116.3M | −$61.0M | −$36.6M | −$117.7M | −$113.9M | −$20.8M |
| Net profit margin | −27.01% | −903.43% | −605.70% | −609.46% | −2,772.33% | — | — |
| Basic EPSper basic share | -$0.04 | -$1.28 | -$0.68 | -$0.44 | -$5.78 | -$1.34 | — |
| Diluted EPSper diluted share | -$0.18 | -$1.28 | -$0.68 | -$0.66 | -$5.78 | -$1.34 | — |
Reported shareholders
| Holder | % owned |
|---|---|
Lutnick Brandon | ≈9.35%13.38M shares |
Liberty 77 Capital L.P. | 6.99%10M shares |
CANTOR FITZGERALD, L. P. | 6.96%9.97M shares |
STATE STREET CORP | 5.31%7.6M shares |
BlackRock, Inc. | 5.13%7.34M shares |
D. E. Shaw & Co., Inc. | 4.55%6.51M shares |
RENAISSANCE TECHNOLOGIES LLC | 4.14%5.93M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.99%4.28M shares |
VAN ECK ASSOCIATES CORP | 2.97%4.25M shares |
MILLENNIUM MANAGEMENT LLC | 2.91%4.17M shares |
TWO SIGMA INVESTMENTS, LP | 2.58%3.69M shares |
JANE STREET GROUP, LLC | 2.10%3.01M shares |
UBS Group AG | 1.89%2.71M shares |
AQR CAPITAL MANAGEMENT LLC | 1.76%2.52M shares |
Alyeska Investment Group, L.P. | 1.75%2.5M shares |
SOFTBANK GROUP CORP. | 1.70%2.43M shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.52%2.18M shares |
Tidal Investments LLC | 1.42%2.03M shares |
Tema ETFs LLC | 1.06%1.51M shares |
Nuveen, LLC | 1.05%1.51M shares |
Percentages use 143.13M 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 26, 2026Form 4 | Liberty Capital L.L.C. +5Director,TenPercentOwner | SellClass A Common Stock · indirect | 10.00M | $9.77 | $97.70M | 10.00M |
| May 14, 2026Form 4 | Kharsansky AlanChief Technology Officer | SellClass A Common Stock | 87.1K | $8.35 | $727.2K | 47.8K |
| Mar 30, 2026Form 4 | Tirman MatthewPresident | SellClass A Common Stock | 9.5K | $5.18 | $49.2K | 154.2K |
| Mar 30, 2026Form 4 | Dunn RickChief Financial Officer | BuyClass A Common Stock | 19.1K | $5.17 | $98.5K | 228.0K |
| Mar 27, 2026Form 4 | Dunn RickChief Financial Officer | BuyClass A Common Stock | 16.7K | $5.91 | $98.7K | 209.0K |