Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | — |
| Research & development | $591,000 | $451,000 | $329,194 | $316,712 | — |
| Operating expenses | $12.5M | $11.7M | $11.8M | $4.8M | $456,765 |
| Operating income | −$16.5M | −$11.7M | −$10.5M | $2.7M | −$456,765 |
| EBITDA | −$16.4M | −$11.6M | −$10.4M | $2.7M | — |
| Net income | −$7.0M | −$3.3M | −$2.7M | $2.7M | −$474,585 |
| Basic EPSper basic share | -$0.39 | -$0.53 | -$0.45 | $0.29 | — |
| Diluted EPSper diluted share | -$0.39 | -$0.53 | -$0.45 | $0.29 | -$0.05 |
Reported shareholders
| Holder | % owned |
|---|---|
Diamondback Energy, Inc. / Diamondback Energy E&P LLC / Cottonmouth Ventures LLC | ≈65.76%14.5M shares |
Bluescape Energy Partners LLC | 3.63%800K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 0.56%122.54K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.20%43.83K shares |
AQR CAPITAL MANAGEMENT LLC | 0.17%37.26K shares |
SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0.15%32.4K shares |
BlackRock, Inc. | 0.13%28.39K shares |
Tower Research Capital LLC (TRC) | 0.12%27.36K shares |
GOLDMAN SACHS GROUP INC | 0.11%23.35K shares |
Carlson Capital, L.P. | 0.09%20K shares |
JANE STREET GROUP, LLC | 0.09%19.51K shares |
PNC Financial Services Group, Inc. | 0.08%17.31K shares |
VANGUARD FIDUCIARY TRUST CO | 0.05%10.03K shares |
MORGAN STANLEY | 0.03%7.3K shares |
Russell Investments Group, Ltd. | 0.03%5.69K shares |
FMR LLC | 0.02%4.4K shares |
ROYAL BANK OF CANADA | <0.01%2.2K shares |
Integrated Wealth Concepts LLC | <0.01%2.1K shares |
UBS Group AG | <0.01%1.87K shares |
Farther Finance Advisors, LLC | <0.01%582 shares |
Percentages use 22.05M 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 |
|---|---|---|---|---|---|---|
| Jan 29, 2025Form 4 | Diamondback Energy, Inc. +2Director,TenPercentOwner | BuyClass A Common Stock · indirect | 12.50M | $4.00 | $50.00M | 14.50M |