Revenue
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.35B | $2.67B | $2.17B | $1.62B | $1.09B | $673.1M | $431.3M | $302.8M | $190.2M | $125.7M | $80.3M |
| Gross profit | $2.57B | $2.05B | $1.69B | $1.25B | $848.7M | $522.8M | $335.5M | $243.2M | $152.3M | $98.2M | $60.2M |
| Gross margin | 76.80% | 76.87% | 77.99% | 77.56% | 77.79% | 77.67% | 77.80% | 80.30% | 80.08% | 78.15% | 74.94% |
| Research & development | $903.4M | $672.5M | $499.8M | $350.8M | $289.1M | $174.7M | $97.9M | $62.0M | $39.4M | $33.6M | $20.9M |
| Operating expenses | $2.71B | $2.18B | $1.81B | $1.49B | $1.18B | $730.6M | $449.5M | $278.5M | $186.9M | $133.3M | $87.0M |
| Operating income | −$133.3M | −$128.5M | −$121.5M | −$234.6M | −$327.4M | −$207.8M | −$114.0M | −$35.3M | −$34.6M | −$35.1M | −$26.8M |
| Operating margin | −3.98% | −4.81% | −5.60% | −14.51% | −30.01% | −30.87% | −26.42% | −11.66% | −18.21% | −27.90% | −33.42% |
| EBITDA | $15.3M | −$24.1M | −$55.2M | −$109.2M | −$277.6M | — | — | — | — | — | — |
| EBITDA margin | 0.46% | −0.90% | −2.54% | −6.75% | −25.44% | — | — | — | — | — | — |
| Net income | −$63.2M | −$41.5M | −$57.7M | −$202.3M | −$390.3M | −$262.0M | −$115.1M | −$28.7M | −$33.6M | −$35.5M | −$27.4M |
| Net profit margin | −1.88% | −1.55% | −2.66% | −12.51% | −35.77% | −38.93% | −26.69% | −9.46% | −17.69% | −28.21% | −34.16% |
| Basic EPSper basic share | -$0.39 | -$0.27 | -$0.39 | -$1.40 | -$2.77 | -$1.93 | -$0.89 | -$0.23 | -$0.63 | -$1.54 | -$1.36 |
| Diluted EPSper diluted share | -$0.39 | -$0.27 | -$0.39 | -$1.40 | -$2.77 | -$1.93 | -$0.89 | -$0.23 | -$0.63 | -$1.54 | -$1.36 |
Reported shareholders
| Holder | % owned |
|---|---|
BlackRock, Inc. | ≈6.12%9.89M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | ≈3.83%6.2M shares |
VANGUARD CAPITAL MANAGEMENT LLC | ≈2.92%4.72M shares |
FIRST TRUST ADVISORS LP | ≈2.18%3.53M shares |
GOLDMAN SACHS GROUP INC | ≈1.96%3.16M shares |
STATE STREET CORP | ≈1.54%2.49M shares |
Pictet Asset Management Holding SA | ≈1.30%2.1M shares |
GEODE CAPITAL MANAGEMENT, LLC | ≈1.29%2.09M shares |
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | ≈1.07%1.73M shares |
VICTORY CAPITAL MANAGEMENT INC | ≈1.04%1.68M shares |
AQR CAPITAL MANAGEMENT LLC | ≈0.84%1.36M shares |
Jericho Capital Asset Management L.P. | ≈0.84%1.36M shares |
Amundi | ≈0.70%1.14M shares |
MORGAN STANLEY | ≈0.70%1.14M shares |
MILLENNIUM MANAGEMENT LLC | ≈0.70%1.13M shares |
WELLINGTON MANAGEMENT GROUP LLP | ≈0.68%1.1M shares |
CITADEL ADVISORS LLC | ≈0.62%1.01M shares |
BARCLAYS PLC | ≈0.59%951.6K shares |
VOLORIDGE INVESTMENT MANAGEMENT, LLC | ≈0.55%882.35K shares |
AMERICAN CENTURY COMPANIES INC | ≈0.54%866.49K shares |
Percentages use 161.71M shares of this listed class outstanding on May 19, 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 25, 2026Form 4 · 10b5-1 | RUBIN KEVINChief Financial Officer | SellCommon Stock | 12 | $126.79 | $1.5K | 41.9K |
| Jun 25, 2026Form 4 · 10b5-1 | RUBIN KEVINChief Financial Officer | SellCommon Stock | 228 | $125.97 | $28.7K | 41.9K |
| Jun 25, 2026Form 4 · 10b5-1 | RUBIN KEVINChief Financial Officer | SellCommon Stock | 560 | $124.87 | $69.9K | 42.1K |
| Jun 25, 2026Form 4 · 10b5-1 | RUBIN KEVINChief Financial Officer | SellCommon Stock | 1.7K | $124.07 | $210.4K | 42.7K |
| Jun 25, 2026Form 4 · 10b5-1 | RUBIN KEVINChief Financial Officer | SellCommon Stock | 504 | $123.18 | $62.1K | 44.4K |