Revenue
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $736.5M | $792.1M | $1.25B | $1.58B | $1.19B | $695.0M | $384.9M |
| Gross profit | $73.7M | $59.0M | $20.8M | $39.4M | $76.6M | $60.2M | $44.2M |
| Gross margin | 10.01% | 7.45% | 1.66% | 2.50% | 6.42% | 8.66% | 11.49% |
| Research & development | $38.8M | $40.7M | $61.9M | $57.2M | $33.6M | $21.0M | $14.0M |
| Operating expenses | $939.9M | $1.05B | $1.70B | $2.14B | $1.40B | $757.9M | $463.0M |
| Operating income | −$203.4M | −$258.8M | −$443.6M | −$560.0M | −$203.3M | −$63.0M | −$78.1M |
| Operating margin | −27.62% | −32.67% | −35.39% | −35.45% | −17.02% | −9.06% | −20.30% |
| EBITDA | −$142.2M | −$202.2M | −$406.5M | −$516.5M | −$169.0M | −$22.2M | −$39.7M |
| EBITDA margin | −19.31% | −25.53% | −32.43% | −32.70% | −14.15% | −3.19% | −10.32% |
| Net income | −$294.2M | −$339.6M | −$487.4M | −$555.2M | −$190.0M | −$78.6M | −$96.3M |
| Net profit margin | −39.95% | −42.88% | −38.89% | −35.14% | −15.91% | −11.32% | −25.01% |
| Basic EPSper basic share | -$8.40 | -$9.80 | -$73.80 | -$452.00 | -$185.60 | -$96.00 | -$186.00 |
| Diluted EPSper diluted share | -$8.40 | -$9.80 | -$73.80 | -$452.00 | -$185.60 | -$96.00 | -$186.00 |
Reported shareholders
| Holder | % owned |
|---|---|
DELTA AIR LINES, INC. | 36.31%13.17M shares |
Knighthead Capital Management, LLC | 35.59%12.91M shares |
WHITEBOX ADVISORS LLC | 2.82%1.02M shares |
Kore Advisors LP | 2.12%770.23K shares |
Cabezas Eric | ≈1.69%613.9K shares |
Armstrong Timothy M | ≈1.12%404.51K shares |
BlackRock, Inc. | 1.08%391.19K shares |
MASTERS CAPITAL MANAGEMENT LLC | 0.83%300K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 0.60%218.48K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.35%125.28K shares |
Militia Capital Management LLC | 0.32%116.23K shares |
Knopf Matthew J. | —96.24K shares |
UBS Group AG | 0.25%90.94K shares |
Lauria Kristen | ≈0.23%82.17K shares |
Inspire Investing, LLC | 0.22%80.38K shares |
Briffa Mark | ≈0.22%80.08K shares |
Godsman David | ≈0.22%79.82K shares |
Holtz David L | —78.95K shares |
Kedzior Brian Joseph | —70.02K shares |
Wells Meaghan Danielle | —66.05K shares |
Percentages use 36.27M 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 |
|---|---|---|---|---|---|---|
| Jun 23, 2026Form 4 | CK Wheels LLCTenPercentOwner | SellCommon Stock | 100 | $7.00 | $700.00 | 12.87M |
| Jun 18, 2026Form 4 | CK Wheels LLCTenPercentOwner | SellCommon Stock | 27.5K | $8.05 | $221.6K | 12.87M |
| Jun 17, 2026Form 4 | CK Wheels LLCTenPercentOwner | SellCommon Stock | 5.3K | $8.07 | $42.8K | 12.90M |
| Jun 16, 2026Form 4 | CK Wheels LLCTenPercentOwner | SellCommon Stock | 4.0K | $8.15 | $32.8K | 12.90M |
| Jun 15, 2026Form 4 | CK Wheels LLCTenPercentOwner | SellCommon Stock | 1.3K | $8.52 | $10.7K | 12.91M |