Revenue
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.07B | $4.46B | $4.15B | $3.83B | $2.84B | $1.76B | $1.13B | $650.1M | $399.0M | $277.3M | $166.9M | $88.8M |
| Gross profit | $2.48B | $2.28B | $2.04B | $1.81B | $1.39B | $915.7M | $608.9M | $349.2M | $216.1M | $156.8M | $92.5M | $47.4M |
| Gross margin | 48.92% | 51.10% | 49.20% | 47.40% | 48.94% | 51.97% | 53.67% | 53.72% | 54.16% | 56.54% | 55.40% | 53.38% |
| Research & development | $1.02B | $1.01B | $942.8M | $1.08B | $789.2M | $530.5M | $391.4M | $171.4M | $120.7M | $77.9M | $42.6M | $21.8M |
| Operating expenses | $2.32B | $2.33B | $2.92B | $3.02B | $2.31B | $1.41B | $978.7M | $464.5M | $282.2M | $198.1M | $127.9M | $74.1M |
| Operating income | $157.8M | −$53.7M | −$876.5M | −$1.21B | −$915.6M | −$492.9M | −$369.8M | −$115.2M | −$66.1M | −$41.3M | −$35.4M | −$26.7M |
| Operating margin | 3.11% | −1.20% | −21.10% | −31.50% | −32.22% | −27.98% | −32.60% | −17.73% | −16.56% | −14.90% | −21.20% | −30.03% |
| EBITDA | $353.2M | $152.3M | −$592.1M | −$926.2M | −$657.2M | −$343.2M | −$259.4M | −$89.1M | −$47.3M | −$33.0M | −$31.2M | −$24.9M |
| EBITDA margin | 6.97% | 3.42% | −14.25% | −24.21% | −23.13% | −19.48% | −22.86% | −13.71% | −11.86% | −11.90% | −18.67% | −28.06% |
| Net income | $33.8M | −$109.4M | −$1.02B | −$1.26B | −$949.9M | −$491.0M | −$307.1M | −$121.9M | −$63.7M | −$41.3M | −$35.5M | −$26.8M |
| Net profit margin | 0.67% | −2.45% | −24.45% | −32.83% | −33.43% | −27.87% | −27.07% | −18.76% | −15.97% | −14.90% | −21.27% | −30.12% |
| Basic EPSper basic share | $0.22 | -$0.66 | -$5.54 | -$6.86 | -$5.45 | -$3.35 | -$2.36 | -$1.26 | -$0.70 | -$0.78 | -$2.19 | -$1.58 |
| Diluted EPSper diluted share | $0.21 | -$0.66 | -$5.54 | -$6.86 | -$5.45 | -$3.35 | -$2.36 | -$1.26 | -$0.70 | -$0.78 | -$2.19 | -$1.58 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 10.83%16.63M shares |
JPMORGAN CHASE & CO | 7.96%12.22M shares |
FMR LLC | 7.34%11.27M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 4.98%7.64M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.46%6.85M shares |
STATE STREET CORP | 3.91%6M shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.87%2.88M shares |
ALKEON CAPITAL MANAGEMENT LLC | 1.52%2.34M shares |
ROYAL BANK OF CANADA | 1.47%2.25M shares |
Pictet Asset Management Holding SA | 1.46%2.25M shares |
Jericho Capital Asset Management L.P. | 1.43%2.19M shares |
NORGES BANK | 1.26%1.94M shares |
Durable Capital Partners LP | 1.20%1.85M shares |
Capital World Investors | 1.16%1.79M shares |
MORGAN STANLEY | 1.13%1.73M shares |
NORTHERN TRUST CORP | 1.11%1.7M shares |
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1.03%1.58M shares |
DIMENSIONAL FUND ADVISORS LP | 0.93%1.44M shares |
NORDEA INVESTMENT MANAGEMENT AB | 0.83%1.27M shares |
Polar Capital Holdings Plc | 0.78%1.2M shares |
Percentages use 153.57M 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 4, 2026Form 4 · 10b5-1 | Shipchandler KhozemaChief Executive Officer | SellClass A Common Stock | 44.2K | $235.88 | $10.42M | 235.5K |
| Jun 1, 2026Form 4 · 10b5-1 | ROTTENBERG ERIKADirector | SellClass A Common Stock · indirect | 2.0K | $199.01 | $398.0K | 31.0K |
| May 27, 2026Form 4 | Sachem Head GP LLC +4Other | SellClass A Common Stock · indirect | 1.00M | $184.14 | $184.14M | 620.0K |
| May 26, 2026Form 4 · 10b5-1 | Shipchandler KhozemaChief Executive Officer | SellClass A Common Stock | 4.5K | $188.00 | $840.2K | 235.5K |
| May 26, 2026Form 4 · 10b5-1 | Shipchandler KhozemaChief Executive Officer | SellClass A Common Stock | 8.8K | $187.19 | $1.64M | 240.0K |