Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 · Dec 31 | 2013 · Oct 31 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — | — | — | — | — | — | — | — | — | — | — |
| Research & development | $42.4M | $18.7M | $5.8M | $6.0M | $2.9M | $1.9M | $2.2M | $329,966 | $311,302 | $939,040 | $576,093 | $227,500 | — | — | — |
| Operating expenses | $58.2M | $30.2M | $34.7M | $18.3M | $7.8M | $6.3M | $6.6M | $4.7M | $3.9M | $4.5M | $4.3M | $2.7M | $120,403 | $347,168 | $12,126 |
| Operating income | −$58.2M | −$30.2M | −$34.7M | −$18.3M | −$7.8M | −$6.3M | −$6.6M | −$4.7M | −$3.9M | −$4.5M | −$4.3M | −$2.7M | −$120,403 | −$7,242 | $4,117 |
| EBITDA | −$57.4M | −$29.9M | −$34.6M | −$18.2M | −$7.8M | −$6.3M | −$6.6M | −$4.7M | −$3.9M | −$4.5M | −$4.3M | −$2.7M | — | $3,630 | — |
| Net income | −$55.9M | −$26.6M | −$37.6M | −$19.5M | −$8.5M | −$6.6M | $1.1M | −$19.2M | −$3.1M | −$3.2M | −$4.8M | −$2.7M | −$120,403 | −$3,782 | $4,509 |
| Basic EPSper basic share | -$1.41 | -$0.73 | -$5.37 | -$8.77 | -$5.00 | -$7.50 | $2.50 | -$40.00 | -$27.50 | -$42.50 | -$72.50 | -$67.50 | -$5.00 | $0.00 | $0.00 |
| Diluted EPSper diluted share | -$1.41 | -$0.73 | -$5.37 | -$8.77 | -$5.00 | -$7.50 | -$12.50 | -$40.00 | -$27.50 | -$42.50 | -$72.50 | -$67.50 | -$5.00 | $0.00 | $0.00 |
Reported shareholders
| Holder | % owned |
|---|---|
ROCKLAGE SCOTT M / 5AM Ventures VII, L.P. / 5AM Partners II, LLC / DIEKMAN JOHN D / 5AM CO-INVESTORS II LP / PARMAR KUSH / 5AM Partners VII, LLC / 5AM Ventures II LP | ≈27.55%9.68M shares |
Schwab Andrew J. | ≈27.55%9.68M shares |
5AM Venture Management, LLC | 27.55%9.68M shares |
Versant Venture Management, LLC | 5.71%2.01M shares |
BAKER BROS. ADVISORS LP | 4.48%1.58M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 2.17%763.88K shares |
SPHERA FUNDS MANAGEMENT LTD. | 1.93%678.93K shares |
DHILLON PUNIT | ≈0.97%339.17K shares |
Grayson Paul A. | ≈0.74%259.7K shares |
PLATINUM INVESTMENT MANAGEMENT LTD | 0.66%233.1K shares |
BlackRock, Inc. | 0.66%232.87K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.62%218.06K shares |
MILLENNIUM MANAGEMENT LLC | 0.56%198.52K shares |
ARSENAULT KAITLYN | ≈0.48%167.52K shares |
VANGUARD FIDUCIARY TRUST CO | 0.30%104.23K shares |
Diep Tuan Tu | ≈0.23%82.26K shares |
Twitty Christopher | ≈0.23%81.24K shares |
STATE STREET CORP | 0.21%73.83K shares |
UBS Group AG | 0.21%73.8K shares |
NORTHERN TRUST CORP | 0.16%56.33K shares |
Percentages use 35.14M 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.
Reported positions exceed 100% in total, so the circle shows the selected holder only.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Aug 22, 2025Form 4 | Schwab Andrew J.Director,TenPercentOwner | SellCommon Stock · indirect | 6.5K | $3.42 | $22.1K | 57.5K |
| Aug 22, 2025Form 4 | Schwab Andrew J.Director,TenPercentOwner | SellCommon Stock · indirect | 164.0K | $3.42 | $560.8K | 1.46M |
| Aug 22, 2025Form 4 | ROCKLAGE SCOTT M +7TenPercentOwner | SellCommon Stock · indirect | 6.5K | $3.42 | $22.1K | 57.5K |
| Aug 22, 2025Form 4 | ROCKLAGE SCOTT M +7TenPercentOwner | SellCommon Stock · indirect | 164.0K | $3.42 | $560.8K | 1.46M |
| Aug 21, 2025Form 4 | Schwab Andrew J.Director,TenPercentOwner | SellCommon Stock · indirect | 2.3K | $3.57 | $8.3K | 64.0K |