Revenue
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $200.9M | $167.2M | $138.9M | $106.4M | $90.2M | $73.4M | $67.3M | $55.4M | $48.0M |
| Gross profit | $159.9M | $132.1M | $109.4M | $90.7M | $79.7M | $64.5M | $60.5M | $50.5M | $42.9M |
| Gross margin | 79.57% | 79.03% | 78.78% | 85.24% | 88.43% | 87.87% | 89.91% | 91.27% | 89.35% |
| Research & development | $17.4M | $16.6M | $15.0M | $13.6M | $12.4M | $9.5M | $7.3M | $5.4M | $5.5M |
| Operating expenses | $182.2M | $167.4M | $156.4M | $150.3M | $131.4M | $103.1M | $96.5M | $62.5M | $60.2M |
| Operating income | −$22.3M | −$35.2M | −$46.9M | −$59.6M | −$51.7M | −$38.6M | −$36.0M | −$12.0M | −$17.4M |
| Operating margin | −11.11% | −21.08% | −33.79% | −56.02% | −57.31% | −52.55% | −53.50% | −21.61% | −36.16% |
| EBITDA | −$16.6M | −$30.9M | −$41.5M | −$56.2M | −$49.6M | −$37.4M | −$35.2M | −$11.2M | −$16.3M |
| EBITDA margin | −8.24% | −18.46% | −29.88% | −52.77% | −55.00% | −51.01% | −52.35% | −20.30% | −34.05% |
| Net income | −$18.9M | −$30.9M | −$43.3M | −$61.3M | −$56.6M | −$43.7M | −$38.4M | −$17.5M | −$23.0M |
| Net profit margin | −9.41% | −18.49% | −31.20% | −57.57% | −62.75% | −59.54% | −57.06% | −31.51% | −48.01% |
| Basic EPSper basic share | -$0.44 | -$0.75 | -$1.13 | -$1.79 | -$1.71 | -$1.50 | -$1.55 | -$2.20 | -$6.65 |
| Diluted EPSper diluted share | -$0.44 | -$0.75 | -$1.13 | -$1.79 | -$1.71 | -$1.50 | -$1.55 | -$2.20 | -$6.65 |
Reported shareholders
| Holder | % owned |
|---|---|
First Light Asset Management, LLC | 18.18%8.13M shares |
BlackRock, Inc. | 8.22%3.68M shares |
CADIAN CAPITAL MANAGEMENT, LP | 7.49%3.35M shares |
AMERICAN CENTURY COMPANIES INC | 5.62%2.51M shares |
BROWN ADVISORY INC | 4.65%2.08M shares |
Granahan Investment Management, LLC | 4.32%1.93M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.11%1.84M shares |
First Eagle Investment Management, LLC | 3.44%1.54M shares |
Impax Asset Management Group plc | 3.19%1.43M shares |
GILDER GAGNON HOWE & CO LLC | 2.80%1.25M shares |
PARADIGM CAPITAL MANAGEMENT INC/NY | 2.76%1.23M shares |
STATE STREET CORP | 2.72%1.21M shares |
SILVERCREST ASSET MANAGEMENT GROUP LLC | 2.59%1.16M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.41%1.08M shares |
Nuveen, LLC | 2.30%1.03M shares |
Champlain Investment Partners, LLC | 2.01%896.46K shares |
Point72 Asset Management, L.P. | 1.77%790.32K shares |
WELLINGTON MANAGEMENT GROUP LLP | 1.66%742.86K shares |
DIMENSIONAL FUND ADVISORS LP | 1.58%708.32K shares |
MARSHALL WACE, LLP | 1.54%690.29K shares |
Percentages use 44.7M 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 5, 2026Form 4 | DUNN JEFFREY WDirector | SellCommon Stock | 3.6K | $15.25 | $54.5K | 16.1K |
| May 29, 2026Form 4 | Davis Timothy E JRDirector | SellCommon Stock | 3.5K | $14.14 | $49.5K | 65.7K |
| May 28, 2026Form 4 | Davis Timothy E JRDirector | SellCommon Stock | 3.8K | $14.47 | $54.7K | 69.2K |
| May 18, 2026Form 4 | Maheshwari AnshulChief Financial Officer | SellCommon Stock | 2.2K | $14.65 | $32.1K | 259.9K |
| May 18, 2026Form 4 | Maheshwari AnshulChief Financial Officer | SellCommon Stock | 2.5K | $14.71 | $36.4K | 260.7K |