Revenue
2022
2023
2024
2025
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | N/A |
| Research & development | $71.0M | $76.5M | $68.1M | $54.1M | $19.0M |
| Operating expenses | $93.6M | $97.7M | $84.8M | $68.3M | $27.1M |
| Operating income | −$93.6M | −$97.7M | −$84.8M | −$68.3M | −$27.1M |
| EBITDA | −$92.2M | −$96.2M | −$83.6M | −$67.8M | −$26.9M |
| Net income | −$89.7M | −$90.0M | −$78.6M | −$69.1M | −$27.3M |
| Basic EPSper basic share | -$2.12 | -$2.85 | -$3.30 | -$4.42 | -$30.27 |
| Diluted EPSper diluted share | -$2.12 | -$2.85 | -$3.30 | -$4.42 | -$30.27 |
Reported shareholders
| Holder | % owned |
|---|---|
RA CAPITAL MANAGEMENT, L.P. | ≈28.97%20.06M shares |
Oxford Science Enterprises plc | ≈7.15%4.96M shares |
Commodore Capital LP | ≈6.46%4.48M shares |
VIKING GLOBAL INVESTORS LP | ≈5.03%3.48M shares |
Laurion Capital Management LP | ≈3.97%2.75M shares |
ADAR1 Capital Management, LLC | ≈3.74%2.59M shares |
Vivo Capital, LLC | ≈3.36%2.33M shares |
VANGUARD CAPITAL MANAGEMENT LLC | ≈2.80%1.94M shares |
MILLENNIUM MANAGEMENT LLC | ≈2.58%1.79M shares |
RENAISSANCE TECHNOLOGIES LLC | ≈2.19%1.52M shares |
BlackRock, Inc. | ≈1.88%1.3M shares |
MARSHALL WACE, LLP | ≈1.25%866.99K shares |
GSA CAPITAL PARTNERS LLP | ≈1.23%852.85K shares |
CITADEL ADVISORS LLC | ≈0.95%658.38K shares |
AWM Investment Company, Inc. | ≈0.87%600K shares |
MONIMUS CAPITAL MANAGEMENT, LP | ≈0.85%587.69K shares |
Squarepoint Ops LLC | ≈0.76%529.08K shares |
GEODE CAPITAL MANAGEMENT, LLC | ≈0.76%523.47K shares |
Creek Drive Management Group LLC | ≈0.65%450K shares |
Ikarian Capital, LLC | ≈0.65%447.17K shares |
Percentages use 69.26M shares of this listed class outstanding on Aug 2, 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 |
|---|---|---|---|---|---|---|
| May 21, 2026Form 4 | Kasraian KasraChief Technical Officer | SellCommon Stock | 1.2K | $1.41 | $1.7K | 50.1K |
| Mar 4, 2026Form 4 | STRECK PAULEVP, Head of R&D | SellCommon Stock | 47 | $6.29 | $295.63 | 76.2K |
| Mar 4, 2026Form 4 | STRECK PAULEVP, Head of R&D | SellCommon Stock | 1.8K | $6.23 | $11.4K | 76.3K |
| Mar 4, 2026Form 4 | Donnelly NoelChief Financial Officer | SellCommon Stock | 52 | $6.33 | $329.16 | 111.6K |
| Mar 4, 2026Form 4 | Donnelly NoelChief Financial Officer | SellCommon Stock | 2.0K | $6.23 | $12.7K | 111.7K |
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