Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — | — |
| Research & development | $215.3M | $126.2M | $78.2M | $69.0M | $22.5M | $45.2M |
| Operating expenses | $315.5M | $167.2M | $102.0M | $90.9M | $34.4M | $52.2M |
| Operating income | −$315.5M | −$167.2M | −$102.0M | −$90.9M | −$34.4M | −$52.2M |
| EBITDA | −$315.0M | −$167.1M | −$102.0M | −$88.1M | −$34.2M | −$52.0M |
| Net income | −$299.6M | −$152.1M | −$96.0M | −$89.1M | −$32.6M | −$53.4M |
| Basic EPSper basic share | -$4.66 | -$2.75 | -$2.25 | -$3.35 | -$2.43 | -$166.93 |
| Diluted EPSper diluted share | -$4.66 | -$2.75 | -$2.25 | -$3.35 | -$2.43 | -$166.93 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | 7.99%5.75M shares |
Avoro Capital Advisors LLC | 7.95%5.72M shares |
ENRIGHT PATRICK G | ≈7.50%5.4M shares |
STATE STREET CORP | 5.77%4.15M shares |
PRICE T ROWE ASSOCIATES INC /MD/ | 5.58%4.01M shares |
Deep Track Capital, LP | 5.56%4M shares |
DEERFIELD MANAGEMENT COMPANY, L.P. | 5.44%3.92M shares |
Kynam Capital Management, LP | 4.02%2.89M shares |
MORGAN STANLEY | 3.89%2.8M shares |
Sofinnova Investments, Inc. | 3.88%2.79M shares |
FMR LLC | 3.86%2.77M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 3.83%2.76M shares |
Eversept Partners, LP | 3.08%2.21M shares |
Logos Global Management LP | 3.06%2.2M shares |
Integral Health Asset Management, LLC | 2.43%1.75M shares |
Bellevue Group AG | 2.38%1.71M shares |
GEODE CAPITAL MANAGEMENT, LLC | 2.35%1.69M shares |
ALLIANCEBERNSTEIN L.P. | 2.21%1.59M shares |
GOLDMAN SACHS GROUP INC | 1.92%1.38M shares |
FRONTIER CAPITAL MANAGEMENT CO LLC | 1.80%1.3M shares |
Percentages use 71.96M 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 · 10b5-1 | Fordyce MarshallPRESIDENT AND CEO | SellClass A Common Stock | 88 | $38.43 | $3.4K | 198.2K |
| Jun 23, 2026Form 4 · 10b5-1 | Fordyce MarshallPRESIDENT AND CEO | SellClass A Common Stock | 18.4K | $37.93 | $698.4K | 198.3K |
| May 12, 2026Form 4 · 10b5-1 | Fordyce MarshallPRESIDENT AND CEO | SellClass A Common Stock | 4.3K | $37.09 | $158.8K | 216.7K |
| May 12, 2026Form 4 · 10b5-1 | Fordyce MarshallPRESIDENT AND CEO | SellClass A Common Stock | 14.2K | $36.64 | $521.0K | 221.0K |
| Apr 14, 2026Form 4 · 10b5-1 | Fordyce MarshallPRESIDENT AND CEO | SellClass A Common Stock | 900 | $45.51 | $41.0K | 235.2K |