Revenue
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.57B | $5.22B | $4.36B | $3.53B | $2.80B | $2.09B | $1.61B | $1.21B | $874.0M | $619.9M | $457.1M |
| Gross profit | $5.58B | $4.32B | $3.56B | $2.90B | $2.35B | $1.76B | $1.35B | $999.8M | $708.3M | $507.5M | $381.3M |
| Gross margin | 84.83% | 82.84% | 81.57% | 82.07% | 83.84% | 84.12% | 83.35% | 82.62% | 81.04% | 81.87% | 83.42% |
| Research & development | $3.27B | $2.67B | $2.18B | $1.87B | $1.29B | $933.0M | $763.2M | $579.1M | $415.8M | $310.2M | $208.3M |
| Operating expenses | $5.57B | $4.45B | $3.67B | $3.25B | $2.28B | $1.62B | $1.33B | $1.06B | $754.3M | $563.4M | $387.2M |
| Operating income | $10.4M | −$130.4M | −$117.1M | −$345.2M | $70.1M | $141.4M | $14.1M | −$63.4M | −$46.0M | −$55.8M | −$5.9M |
| Operating margin | 0.16% | −2.50% | −2.69% | −9.77% | 2.50% | 6.77% | 0.87% | −5.24% | −5.27% | −9.01% | −1.29% |
| EBITDA | $151.0M | −$38.0M | −$38.3M | −$284.3M | $121.8M | $197.4M | $76.4M | $6.9M | $33.4M | $5.7M | $16.0M |
| EBITDA margin | 2.30% | −0.73% | −0.88% | −8.04% | 4.35% | 9.45% | 4.73% | 0.57% | 3.82% | 0.92% | 3.51% |
| Net income | −$53.8M | −$256.7M | −$300.5M | −$486.8M | −$519.5M | −$579.0M | −$350.7M | −$637.6M | −$113.4M | −$37.4M | $4.4M |
| Net profit margin | −0.82% | −4.92% | −6.89% | −13.77% | −18.53% | −27.71% | −21.72% | −52.69% | −12.98% | −6.04% | 0.96% |
| Basic EPSper basic share | -$0.21 | -$0.98 | -$1.16 | -$1.90 | -$2.05 | -$2.32 | -$1.43 | -$2.67 | -$0.49 | -$0.17 | $0.02 |
| Diluted EPSper diluted share | -$0.21 | -$0.98 | -$1.16 | -$1.90 | -$2.05 | -$2.32 | -$1.43 | -$2.67 | -$0.49 | -$0.17 | $0.02 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 8.00%12.75M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 6.26%9.97M shares |
DNB Asset Management AS | 6.17%9.83M shares |
AQR CAPITAL MANAGEMENT LLC | 5.54%8.82M shares |
GQG Partners LLC | 4.81%7.66M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.53%7.22M shares |
Pictet Asset Management Holding SA | 3.44%5.47M shares |
STATE STREET CORP | 2.94%4.68M shares |
MORGAN STANLEY | 2.63%4.19M shares |
AMERIPRISE FINANCIAL INC | 2.37%3.77M shares |
BAILLIE GIFFORD & CO | 2.30%3.66M shares |
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 2.27%3.62M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.06%3.28M shares |
TWO SIGMA INVESTMENTS, LP | 1.57%2.49M shares |
T. Rowe Price Investment Management, Inc. | 1.12%1.78M shares |
GOLDMAN SACHS GROUP INC | 1.04%1.66M shares |
UBS Group AG | 1.03%1.64M shares |
Carmignac Gestion | 0.99%1.58M shares |
PRICE T ROWE ASSOCIATES INC /MD/ | 0.94%1.49M shares |
WORLDQUANT MILLENNIUM ADVISORS LLC | 0.93%1.48M shares |
Percentages use 159.27M 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 12, 2026Form 4 · 10b5-1 | DUFFY BRIANChief Revenue Officer | SellClass A Common Stock | 3.0K | $89.71 | $269.1K | 227.7K |
| Jun 11, 2026Form 4 · 10b5-1 | DUFFY BRIANChief Revenue Officer | SellClass A Common Stock | 1.4K | $88.79 | $127.1K | 230.7K |
| Jun 10, 2026Form 4 · 10b5-1 | DUFFY BRIANChief Revenue Officer | SellClass A Common Stock | 1.8K | $92.79 | $168.2K | 232.1K |
| Jun 9, 2026Form 4 · 10b5-1 | DUFFY BRIANChief Revenue Officer | SellClass A Common Stock | 1.5K | $95.35 | $138.6K | 233.9K |
| Jun 8, 2026Form 4 · 10b5-1 | DUFFY BRIANChief Revenue Officer | SellClass A Common Stock | 1.5K | $98.03 | $142.2K | 235.4K |