Revenue
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.01B | $940.2M | $747.7M | $801.2M | $702.8M | $498.8M | $362.3M | $183.9M | $107.6M | $84.2M | $72.8M | $49.7M | $29.0M | $2.5M |
| Gross profit | $546.0M | $489.6M | $367.7M | $413.0M | $376.2M | $260.5M | $194.2M | $89.8M | $44.1M | $23.6M | $26.6M | $15.2M | $6.2M | −$1.3M |
| Gross margin | 53.81% | 52.07% | 49.17% | 51.54% | 53.53% | 52.23% | 53.60% | 48.85% | 40.98% | 28.00% | 36.49% | 30.67% | 21.26% | −54.46% |
| Research & development | $193.1M | $198.9M | $169.7M | $139.1M | $92.1M | $63.6M | $45.2M | $29.2M | $20.7M | $18.8M | $17.0M | $15.8M | $11.1M | $9.0M |
| Operating expenses | $733.3M | $588.7M | $600.9M | $505.8M | $353.6M | $268.5M | $210.9M | $134.5M | $107.0M | $101.6M | $95.6M | $90.9M | $55.6M | $31.7M |
| Operating income | −$187.3M | −$99.1M | −$233.2M | −$92.8M | $22.7M | −$8.0M | −$16.7M | −$44.6M | −$62.9M | −$78.1M | −$69.0M | −$75.7M | −$49.4M | −$33.0M |
| Operating margin | −18.45% | −10.54% | −31.19% | −11.59% | 3.22% | −1.60% | −4.62% | −24.27% | −58.50% | −92.64% | −94.72% | −152.17% | −170.42% | −1,335.27% |
| EBITDA | −$169.6M | −$82.5M | −$217.5M | −$78.5M | $36.5M | $2.5M | −$10.7M | −$38.8M | −$56.1M | −$72.6M | −$64.2M | −$71.3M | −$46.3M | −$31.0M |
| EBITDA margin | −16.71% | −8.78% | −29.09% | −9.80% | 5.19% | 0.50% | −2.94% | −21.11% | −52.12% | −86.13% | −88.09% | −143.35% | −159.50% | −1,253.17% |
| Net income | −$204.7M | −$96.0M | −$222.6M | −$94.6M | $15.6M | −$34.4M | −$24.8M | −$122.6M | −$73.0M | −$83.4M | −$72.4M | −$79.5M | −$63.1M | −$33.0M |
| Net profit margin | −20.17% | −10.21% | −29.77% | −11.81% | 2.21% | −6.89% | −6.83% | −66.68% | −67.87% | −99.05% | −99.41% | −159.94% | −217.67% | −1,333.94% |
| Basic EPSper basic share | -$3.04 | -$1.47 | -$3.43 | -$1.47 | $0.25 | -$0.56 | -$0.42 | -$2.55 | -$12.87 | -$27.30 | -$25.04 | -$34.20 | -$214.60 | -$1,758.80 |
| Diluted EPSper diluted share | -$3.04 | -$1.47 | -$3.43 | -$1.47 | $0.24 | -$0.56 | -$0.42 | -$2.55 | -$12.87 | -$27.30 | -$25.04 | -$34.20 | -$214.60 | -$1,758.80 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 16.66%11.58M shares |
Sessa Capital IM, L.P. | 7.33%5.1M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 6.18%4.3M shares |
First Light Asset Management, LLC | 4.87%3.38M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.45%3.1M shares |
STATE STREET CORP | 4.10%2.85M shares |
GW&K Investment Management, LLC | 3.69%2.57M shares |
JENNISON ASSOCIATES LLC | 3.35%2.33M shares |
Paradice Investment Management LLC | 2.91%2.02M shares |
JACOBS LEVY EQUITY MANAGEMENT, INC | 2.89%2.01M shares |
Freestone Grove Partners LP | 2.68%1.87M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.59%1.8M shares |
Driehaus Capital Management LLC | 2.57%1.79M shares |
CITADEL ADVISORS LLC | 2.50%1.74M shares |
MILLENNIUM MANAGEMENT LLC | 1.89%1.31M shares |
Woodline Partners LP | 1.88%1.31M shares |
ArrowMark Colorado Holdings LLC | 1.87%1.3M shares |
UBS Group AG | 1.65%1.15M shares |
FMR LLC | 1.40%976.43K shares |
ROYCE & ASSOCIATES LP | 1.30%900.59K shares |
Percentages use 69.54M 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 |
|---|---|---|---|---|---|---|
| Mar 17, 2026Form 4 | Novara Mark DavidEVP & CHIEF COMMERCIAL OFFICER | SellCommon Stock | 187 | $23.05 | $4.3K | 37.7K |
| Mar 5, 2026Form 4 · 10b5-1 | Novara Mark DavidEVP & CHIEF COMMERCIAL OFFICER | SellCommon Stock | 2 | $22.81 | $45.62 | 36.0K |
| Aug 11, 2025Form 4 | Sheridan John FPRESIDENT & CEO | BuyCommon Stock | 10.0K | $10.23 | $102.3K | 106.3K |
| Aug 8, 2025Form 4 | Vosseller LeighEVP & CHIEF FINANCIAL OFFICER | BuyCommon Stock · indirect | 13.7K | $10.89 | $149.4K | 25.6K |
| Mar 7, 2025Form 4 | Kyrillos Jean-ClaudeEVP & Chief Operating Officer | BuyCommon Stock | 10.5K | $18.12 | $190.9K | 10.5K |