Revenue
2020
2021
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Revenue | $130.0M | $43.1M | $22.0M | $11.1M | $2.1M | $0 |
| Gross profit | $52.5M | $22.5M | $13.9M | $8.2M | $1.1M | −$143,000 |
| Gross margin | 40.40% | 52.18% | 63.22% | 73.55% | 50.45% | — |
| Research & development | $305.7M | $136.8M | $92.3M | $44.0M | $20.2M | $10.2M |
| Operating expenses | $763.7M | $275.5M | $179.8M | $96.9M | $40.8M | $15.7M |
| Operating income | −$633.7M | −$232.5M | −$157.8M | −$85.7M | −$38.7M | −$15.7M |
| Operating margin | −487.41% | −539.68% | −715.70% | −770.34% | −1,843.12% | — |
| EBITDA | −$551.7M | −$213.8M | −$147.4M | −$80.1M | −$36.1M | −$14.3M |
| EBITDA margin | −424.34% | −496.37% | −668.63% | −719.99% | −1,721.72% | — |
| Net income | −$510.4M | −$331.6M | −$157.8M | −$48.5M | −$106.2M | −$15.4M |
| Net profit margin | −392.55% | −769.96% | −715.77% | −435.82% | −5,058.89% | — |
| Basic EPSper basic share | -$1.82 | -$1.56 | -$0.78 | -$0.25 | -$0.77 | -$0.13 |
| Diluted EPSper diluted share | -$1.82 | -$1.56 | -$0.78 | -$0.25 | -$0.77 | -$0.13 |
Reported shareholders
| Holder | % owned |
|---|---|
MORGAN STANLEY | 6.90%26.28M shares |
BlackRock, Inc. | 5.48%20.9M shares |
VANGUARD CAPITAL MANAGEMENT LLC | 4.09%15.6M shares |
VANGUARD PORTFOLIO MANAGEMENT LLC | 3.66%13.96M shares |
STATE STREET CORP | 2.13%8.12M shares |
UBS Group AG | 2.07%7.9M shares |
BANK OF AMERICA CORP /DE/ | 1.70%6.47M shares |
GEODE CAPITAL MANAGEMENT, LLC | 1.70%6.46M shares |
NORGES BANK | 1.36%5.19M shares |
Marex Group Ltd | 0.97%3.71M shares |
D. E. Shaw & Co., Inc. | 0.71%2.69M shares |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 0.62%2.37M shares |
VANGUARD FIDUCIARY TRUST CO | 0.61%2.33M shares |
MARSHALL WACE, LLP | 0.61%2.33M shares |
HRT FINANCIAL LP | 0.59%2.23M shares |
NORTHERN TRUST CORP | 0.58%2.21M shares |
Bank of New York Mellon Corp | 0.56%2.14M shares |
CANTOR FITZGERALD, L. P. | 0.56%2.14M shares |
JANE STREET GROUP, LLC | 0.54%2.06M shares |
MILLENNIUM MANAGEMENT LLC | 0.51%1.96M shares |
Percentages use 381.04M shares of this listed class outstanding on Jun 30, 2026.
Gray completes the 100% scale. Reported positions may overlap; holders have different reporting dates.
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 18, 2026Form 4 · 10b5-1 | TOLEDANO GABRIELLE BDirector | SellCommon Stock | 2.8K | $55.01 | $151.7K | 11.2K |
| Jun 18, 2026Form 4 · 10b5-1 | Chou Kathryn K.Director | SellCommon Stock | 2.8K | $55.02 | $151.7K | 62.6K |
| Jun 18, 2026Form 4 · 10b5-1 | Raymond John wDirector,Other | SellCommon Stock | 3.8K | $55.01 | $209.9K | 80.1K |
| May 6, 2026Form 4 · 10b5-1 | Cardillo Robert T.Director,Other | SellCommon Stock | 3.8K | $49.90 | $188.3K | 140.0K |
| Apr 16, 2026Form 4 · 10b5-1 | Cardillo Robert T.Director,Other | SellCommon Stock | 2.5K | $44.90 | $112.3K | 140.0K |
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