Revenue
2013
2014
2015
2016
2017
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — | — | — | — | $295,000 | $653,000 | $277,000 | $0 | $0 | — |
| Gross profit | — | — | — | — | — | — | — | — | −$495,000 | −$4.7M | −$2.0M | $0 | $0 | — |
| Gross margin | — | — | — | — | — | — | — | — | −167.80% | −727.11% | −711.91% | — | — | — |
| Research & development | $12.6M | $28.5M | $17.5M | $22.5M | $17.2M | $14.4M | $27.8M | $14.4M | $14.5M | $21.6M | $18.4M | $21.8M | $15.8M | $6.3M |
| Operating expenses | $26.6M | $42.0M | $29.2M | $34.6M | — | — | — | — | $50.9M | $81.7M | $72.3M | $47.9M | $29.1M | $13.5M |
| Operating income | −$26.6M | −$42.0M | −$29.2M | −$34.6M | −$27.0M | −$19.3M | −$45.4M | −$26.9M | −$84.3M | −$81.0M | −$72.0M | −$47.9M | −$29.1M | −$13.5M |
| Operating margin | — | — | — | — | — | — | — | — | −28,585.08% | −12,406.13% | −25,992.42% | — | — | — |
| EBITDA | −$26.3M | −$41.6M | −$28.8M | −$34.0M | −$26.6M | −$19.0M | −$45.3M | −$26.8M | −$82.7M | −$78.8M | −$70.7M | −$47.5M | −$28.9M | −$13.4M |
| EBITDA margin | — | — | — | — | — | — | — | — | −28,025.76% | −12,063.40% | −25,528.16% | — | — | — |
| Net income | −$26.3M | −$41.8M | −$29.5M | −$35.7M | −$28.3M | −$19.2M | −$44.6M | −$27.2M | −$84.6M | −$82.3M | −$73.2M | −$49.5M | −$29.0M | −$13.5M |
| Net profit margin | — | — | — | — | — | — | — | — | −28,670.51% | −12,597.24% | −26,432.85% | — | — | — |
| Basic EPSper basic share | -$6.33 | -$19.50 | -$24.83 | -$40.17 | -$97.11 | -$533.39 | -$1,521.00 | -$8,227.44 | -$150,607.08 | -$1,198.08 | -$1,263.60 | -$1,024.92 | -$842.40 | -$1,090.44 |
| Diluted EPSper diluted share | -$6.33 | -$19.50 | -$24.83 | -$40.17 | -$97.11 | -$533.39 | -$1,521.00 | -$8,227.44 | -$150,607.08 | -$1,198.08 | -$1,263.60 | -$1,024.92 | -$842.40 | -$1,090.44 |
Reported shareholders
| Holder | % owned |
|---|---|
Versant Venture Capital VI, L.P. / Versant Ventures IV, LLC / Versant Side Fund IV, L.P. / Versant Vantage II GP, L.P. / Versant Venture Capital IV, L.P. / Versant Ventures VI GP-GP, LLC / Versant Vantage II GP-GP, LLC / Versant Ventures VI GP, L.P. / Versant Vantage II, L.P. | ≈21.95%3.51M shares |
SABBY MANAGEMENT, LLC | 3.20%511.29K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 1.46%233.89K shares |
Angel Matthew | ≈1.45%231.48K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.54%86.63K shares |
VANGUARD FIDUCIARY TRUST CO | 0.43%68.91K shares |
Brady Stephen R | ≈0.29%46.38K shares |
BlackRock, Inc. | 0.24%39.07K shares |
Squarepoint Ops LLC | 0.19%30.9K shares |
Trojanowski Justin | ≈0.14%22.17K shares |
NORTHERN TRUST CORP | 0.13%20.14K shares |
CITADEL ADVISORS LLC | 0.12%19.82K shares |
Whiting Samuel | ≈0.06%9.57K shares |
UBS Group AG | 0.04%5.64K shares |
Tower Research Capital LLC (TRC) | 0.02%3.92K shares |
MORGAN STANLEY | 0.01%2.02K shares |
Richey William Drake | ≈0.01%2K shares |
OSAIC HOLDINGS, INC. | <0.01%1.51K shares |
Federation des caisses Desjardins du Quebec | <0.01%292 shares |
JONES FINANCIAL COMPANIES LLLP | <0.01%239 shares |
Percentages use 15.98M 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 |
|---|---|---|---|---|---|---|
| Mar 24, 2026Form 4 | Angel MatthewCEO and President | BuyCommon Stock · indirect | 231.5K | $2.16 | $500.0K | 231.5K |
| Mar 24, 2026Form 4 | Angel MatthewCEO and President | BuySeries B Warrant (right to buy) · derivative · indirect | 231.5K | — | — | 231.5K |
| Mar 24, 2026Form 4 | Angel MatthewCEO and President | BuySeries A Warrant (right to buy) · derivative · indirect | 231.5K | — | — | 231.5K |
| Mar 24, 2026Form 4 | Angel MatthewCEO and President | BuyCommon Stock · indirect | 231.5K | $2.16 | $500.0K | 231.5K |
| Aug 12, 2024Form 4 | Versant Venture Capital VI, L.P. +8TenPercentOwner | SellCommon Stock | 388.0K | $1.10 | $426.8K | 209.9K |