Revenue
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $457.5M | $405.9M | $333.6M | $253.8M | $187.9M | $132.9M | $102.7M | $78.8M |
| Gross profit | $354.9M | $314.4M | $257.4M | $194.0M | $141.1M | $98.0M | $74.6M | $57.8M |
| Gross margin | 77.56% | 77.46% | 77.14% | 76.42% | 75.09% | 73.74% | 72.59% | 73.36% |
| Research & development | $101.3M | $102.8M | $79.5M | $61.4M | $40.0M | $30.5M | $28.1M | $25.4M |
| Operating expenses | $398.3M | $374.8M | $326.7M | $245.6M | $169.2M | $130.0M | $121.8M | $78.6M |
| Operating income | −$43.5M | −$60.4M | −$69.3M | −$51.7M | −$28.1M | −$32.0M | −$47.3M | −$20.8M |
| Operating margin | −9.50% | −14.87% | −20.76% | −20.36% | −14.95% | −24.07% | −46.02% | −26.36% |
| EBITDA | −$32.6M | −$50.3M | −$62.6M | −$47.8M | −$24.1M | −$27.8M | −$43.0M | −$16.8M |
| EBITDA margin | −7.13% | −12.40% | −18.76% | −18.82% | −12.80% | −20.89% | −41.87% | −21.30% |
| Net income | −$43.3M | −$62.0M | −$66.4M | −$50.2M | −$28.7M | −$31.7M | −$46.8M | −$20.9M |
| Net profit margin | −9.47% | −15.27% | −19.91% | −19.79% | −15.28% | −23.81% | −45.57% | −26.56% |
| Basic EPSper basic share | -$0.74 | -$1.09 | -$1.19 | -$0.92 | -$0.53 | -$0.62 | -$2.54 | -$1.26 |
| Diluted EPSper diluted share | -$0.74 | -$1.09 | -$1.19 | -$0.92 | -$0.53 | -$0.62 | -$2.54 | -$1.26 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 15.97%8.78M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 7.86%4.32M shares |
Ancient Art, L.P. | 4.61%2.54M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.22%2.32M shares |
Haveli Investment Management LLC | 3.95%2.17M shares |
ACADIAN ASSET MANAGEMENT LLC | 3.87%2.13M shares |
TWO SIGMA INVESTMENTS, LP | 3.55%1.95M shares |
STATE STREET CORP | 2.98%1.64M shares |
Barretto Ryan Paul | ≈2.71%1.49M shares |
AQR CAPITAL MANAGEMENT LLC | 2.63%1.44M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.51%1.38M shares |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 2.48%1.36M shares |
MORGAN STANLEY | 2.39%1.32M shares |
CastleKnight Management LP | 2.01%1.1M shares |
Invenomic Capital Management LP | 1.97%1.09M shares |
KNIGHTSBRIDGE ASSET MANAGEMENT, LLC | 1.91%1.05M shares |
FMR LLC | 1.87%1.03M shares |
GOLDMAN SACHS GROUP INC | 1.85%1.02M shares |
CITADEL ADVISORS LLC | 1.30%715.4K shares |
Creative Planning | 1.19%652.11K shares |
Percentages use 54.97M 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 |
|---|---|---|---|---|---|---|
| Jun 11, 2026Form 4 · 10b5-1 | Howard Justyn RussellExecutive Chair | SellClass A Common Stock · indirect | 40.0K | $6.99 | $279.6K | 7.4K |
| Jun 2, 2026Form 4 · 10b5-1 | Howard Justyn RussellExecutive Chair | SellClass A Common Stock | 11.6K | $7.75 | $90.2K | 250.7K |
| May 11, 2026Form 4 · 10b5-1 | Howard Justyn RussellExecutive Chair | SellClass A Common Stock · indirect | 40 | $7.41 | $296.40 | 7.4K |
| May 11, 2026Form 4 · 10b5-1 | Howard Justyn RussellExecutive Chair | SellClass A Common Stock · indirect | 40.0K | $6.58 | $262.9K | 7.5K |
| Apr 10, 2026Form 4 · 10b5-1 | Howard Justyn RussellExecutive Chair | SellClass A Common Stock · indirect | 40.0K | $5.03 | $201.2K | 7.4K |