Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — | — |
| Research & development | $68.6M | $86.7M | $98.0M | $94.5M | $54.4M | $31.1M |
| Operating expenses | $93.3M | $115.9M | $131.2M | $125.6M | $72.8M | $38.9M |
| Operating income | −$93.3M | −$115.9M | −$131.2M | −$125.6M | −$72.8M | −$38.9M |
| EBITDA | −$84.9M | −$107.5M | −$122.5M | −$119.2M | −$69.8M | −$36.4M |
| Net income | −$90.6M | −$111.1M | −$124.1M | −$123.7M | −$72.7M | −$38.4M |
| Basic EPSper basic share | -$0.59 | -$1.31 | -$1.68 | -$2.76 | -$4.10 | -$39.50 |
| Diluted EPSper diluted share | -$0.59 | -$1.31 | -$1.68 | -$2.76 | -$4.10 | -$39.50 |
Reported shareholders
| Holder | % owned |
|---|---|
GOEDDEL DAVID V | ≈26.18%58.71M shares |
TCG Opportunity III GP, LLC / Column Group Opportunity III, LP / COLUMN GROUP III GP, LP / Column Group Opportunity III GP, LP / COLUMN GROUP III-A, LP / COLUMN GROUP III, LP / Kutzkey Tim / Svennilson Peter | ≈21.99%49.31M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.17%7.1M shares |
MILLENNIUM MANAGEMENT LLC | 2.87%6.43M shares |
CITADEL ADVISORS LLC | 2.04%4.57M shares |
RENAISSANCE TECHNOLOGIES LLC | 1.91%4.28M shares |
BlackRock, Inc. | 1.79%4.01M shares |
Empery Asset Management, LP | 1.72%3.86M shares |
MARSHALL WACE, LLP | 1.56%3.5M shares |
GSA CAPITAL PARTNERS LLP | 1.19%2.67M shares |
Burkehill Global Management, LP | 0.89%2M shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.82%1.83M shares |
ADAR1 Capital Management, LLC | 0.69%1.56M shares |
Raiffeisen Bank International AG | 0.54%1.2M shares |
Euclidean Capital LLC | 0.45%1.02M shares |
VANGUARD FIDUCIARY TRUST CO | 0.44%987.51K shares |
Mirador Capital Partners LP | 0.40%905.1K shares |
STATE STREET CORP | 0.32%708.72K shares |
Squarepoint Ops LLC | 0.29%659.25K shares |
StepStone Group LP | 0.21%462.16K shares |
Percentages use 224.23M 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 |
|---|---|---|---|---|---|---|
| May 18, 2026Form 4 | Ali FarazChief Executive Officer | SellCommon Stock | 3.4K | $0.79 | $2.7K | 440.0K |
| May 18, 2026Form 4 | Tingley WhittemoreChief Medical Officer | SellCommon Stock | 3.1K | $0.79 | $2.5K | 215.5K |
| May 18, 2026Form 4 | Higa TomohiroSVP, Finance | SellCommon Stock | 1.5K | $0.79 | $1.2K | 118.3K |
| Feb 25, 2026Form 4 | TCG Opportunity III GP, LLC +7TenPercentOwner | SellCommon Stock · indirect | 1.86M | $0.56 | $1.04M | 0 |
| Feb 25, 2026Form 4 | TCG Opportunity III GP, LLC +7TenPercentOwner | SellCommon Stock · indirect | 1.65M | $0.56 | $923.6K | 0 |