Revenue
2018
2019
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $157.5M | $168.8M | $211.7M | $1.95B | $3.18B | $1.36B | $1.19B | $855.4M |
| Gross profit | — | $11.6M | $161.9M | $244.8M | $202.1M | $71.5M | $57.9M | $60.8M |
| Gross margin | — | 6.88% | 76.49% | 12.56% | 6.35% | 5.27% | 4.85% | 7.11% |
| Operating expenses | $114.0M | $180.8M | $173.6M | $816.5M | $560.7M | $250.1M | $191.0M | $140.7M |
| Operating income | −$78.5M | −$126.8M | −$270.2M | −$571.8M | −$358.6M | −$178.6M | −$133.1M | −$79.9M |
| Operating margin | −49.84% | −75.11% | −127.64% | −29.34% | −11.26% | −13.15% | −11.17% | −9.34% |
| EBITDA | $2.9M | −$43.1M | −$241.1M | −$533.1M | −$345.4M | −$173.9M | −$127.0M | −$73.0M |
| EBITDA margin | 1.87% | −25.54% | −113.89% | −27.35% | −10.85% | −12.81% | −10.66% | −8.53% |
| Net income | −$53.0M | −$165.1M | −$364.6M | −$451.9M | −$370.9M | −$202.8M | −$143.0M | −$85.2M |
| Net profit margin | −33.67% | −97.81% | −172.22% | −23.19% | −11.65% | −14.94% | −12.00% | −9.96% |
| Basic EPSper basic share | -$10.24 | -$91.07 | -$209.17 | -$104,860.00 | -$6,963,200.00 | -$7,065,600.00 | -$82,022,400.00 | -$29,440,000.00 |
| Diluted EPSper diluted share | -$10.24 | -$91.07 | -$209.17 | -$104,860.00 | -$6,963,200.00 | -$7,065,600.00 | -$82,022,400.00 | -$29,440,000.00 |
Reported shareholders
| Holder | % owned |
|---|---|
Mudrick Capital Management, L.P. | 76.09%3.98M shares |
Mudrick Distressed Opportunity 2020 Dislocation Fund GP, LLC / Mudrick Distressed Opportunity SIF Master Fund, L.P. / Mudrick Distressed Opportunity SIF GP, LLC / Mudrick Distressed Opportunity 2020 Dislocation Fund, L.P. | ≈75.51%3.95M shares |
SILVERBACK ASSET MANAGEMENT LLC | 8.58%449.24K shares |
Shortt Thomas H | ≈5.59%292.59K shares |
BANK OF AMERICA CORP /DE/ | 4.78%250.24K shares |
Miller Value Partners, LLC | 1.12%58.49K shares |
MARSHALL WACE, LLP | 0.93%48.47K shares |
Sandison Jonathan | ≈0.79%41.24K shares |
Corrales Anna-Lisa Christina | ≈0.59%31.03K shares |
Catterton Management Company, L.L.C. | 0.44%23.01K shares |
Krakowiak Robert R. | ≈0.40%21.07K shares |
Crow Timothy M | ≈0.35%18.08K shares |
MYLOD ROBERT J JR | ≈0.34%17.69K shares |
Patel Nikul | ≈0.32%16.9K shares |
VANGUARD CAPITAL MANAGEMENT LLC | 0.27%14.33K shares |
GEODE CAPITAL MANAGEMENT, LLC | 0.26%13.76K shares |
Benzaquen Jacob Shlomo | ≈0.20%10.32K shares |
NISA INVESTMENT ADVISORS, LLC | 0.18%9.44K shares |
O'Shaughnessy Laura | ≈0.16%8.12K shares |
VANGUARD FIDUCIARY TRUST CO | 0.12%6.14K shares |
Percentages use 5.23M 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.
Reported positions exceed 100% in total, so the circle shows the selected holder only.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 15, 2026Form 4 | MYLOD ROBERT J JRDirector | SellCommon Stock · indirect | 13.2K | $7.22 | $95.1K | 0 |
| Jun 15, 2026Form 4 | MYLOD ROBERT J JRDirector | SellCommon Stock | 2.4K | $7.22 | $17.5K | 17.7K |
| Jun 15, 2026Form 4 | MYLOD ROBERT J JRDirector | SellWarrants (Right to buy) · derivative · indirect | 13.2K | $0.01 | $131.71 | 0 |
| Jun 15, 2026Form 4 | MYLOD ROBERT J JRDirector | SellWarrants (Right to buy) · derivative | 2.4K | $0.01 | $24.24 | 0 |
| Jun 15, 2026Form 4 | Mudrick Distressed Opportunity Drawdown Fund II, L.P. +5Director,TenPercentOwner | BuyCommon Stock · indirect | 15.6K | $7.22 | $112.6K | 3.98M |