Revenue
2023
2024
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Revenue | — | $28.8M | $10.9M |
| Research & development | — | $22.3M | $33.8M |
| Operating expenses | $0 | $4,827 | $60.2M |
| Operating income | −$8.0M | −$51,910 | −$55.8M |
| Operating margin | — | −0.18% | −509.56% |
| EBITDA | — | −$36.9M | −$53.7M |
| EBITDA margin | — | −127.80% | −490.07% |
| Net income | −$66.9M | −$51,910 | −$52.8M |
| Net profit margin | — | −0.18% | −481.88% |
| Basic EPSper basic share | — | -$0.25 | -$0.24 |
| Diluted EPSper diluted share | — | -$0.25 | -$0.24 |
Reported shareholders
| Holder | % owned |
|---|---|
S&G Foundation | 5.15%11.57M shares |
Klein Michael Stuart / Churchill Sponsor X LLC / M. Klein Associates, Inc. | ≈4.74%10.65M shares |
BlackRock, Inc. | 4.02%9.03M shares |
Defiance ETFs, LLC | 2.20%4.94M shares |
Penserra Capital Management LLC | 2.18%4.9M shares |
GLYNN CAPITAL MANAGEMENT LLC | 1.92%4.32M shares |
MORGAN STANLEY | 1.51%3.4M shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.42%3.2M shares |
UBS Group AG | 1.41%3.16M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 1.39%3.12M shares |
STATE STREET CORP | 1.17%2.63M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 1.06%2.39M shares |
Global Frontier Investments LLC | 1.05%2.35M shares |
CITADEL ADVISORS LLC | 1.03%2.32M shares |
Gokhale Pranav | ≈0.99%2.22M shares |
Davis Asset Management, L.P. | 0.93%2.09M shares |
VIKING GLOBAL INVESTORS LP | 0.90%2.03M shares |
JPMORGAN CHASE & CO | 0.80%1.79M shares |
RENAISSANCE TECHNOLOGIES LLC | 0.75%1.68M shares |
VAN ECK ASSOCIATES CORP | 0.62%1.39M shares |
Percentages use 224.68M 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 |
|---|---|---|---|---|---|---|
| Aug 21, 2026Form 4 | MAVERICK CAPITAL MANAGEMENT LLC +2Director | SellCommon Stock · indirect | 164.8K | $13.02 | $2.15M | 1.38M |
| Aug 19, 2026Form 4 | MAVERICK CAPITAL MANAGEMENT LLC +2Director | SellCommon Stock · indirect | 33.4K | $12.62 | $421.6K | 1.55M |
| Aug 14, 2026Form 4 | AINSLIE LEE S III +2Director | BuyCommon Stock · indirect | 52.1K | $12.42 | $646.7K | 0 |
| Aug 13, 2026Form 4 | AINSLIE LEE S III +2Director | SellCommon Stock · indirect | 1.6K | $12.19 | $19.6K | 0 |
| Aug 11, 2026Form 4 | AINSLIE LEE S III +2Director | SellCommon Stock · indirect | 1.1K | $11.82 | $12.8K | 0 |
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