ABEO Abeona Therapeutics Inc. - Common Stock
$5.94
Price · Aug 18, 2026
Fundamentals as of Aug 13, 2026
52W Range
$4–$8
53% of range
Analyst Rating
BUY
12 analysts
Price Target
$19
+217% upside
P/E (TTM)
5.9
ROE
44.1%
Net Profit Margin
1223.1%
ABEO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$5.94
Market Cap
$327M
P/E (TTM)
5.9
EPS (TTM)
$1.01
Revenue (TTM)
$6M
Div Yield
—
ROE
44.1%
Debt/Equity
0.1
52W Range
$4 – $8
ABEO Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$6M
2016-12-31
→
2025-12-31
EPS
$1.01
2022-12-31
→
2025-12-31
Free Cash Flow
$-84M
2016-12-31
→
2025-12-31
Margins
1223.1%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ABEO
Peer Median
P/E (TTM)
5.9
6.1
P/S (TTM)
56.2
7.7
P/B
2.1
2.2
EV / EBITDA
-1.8
—
Price / FCF
-3.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ABEO
Peer Median
Operating Margin
-1536.9%
—
Net Profit Margin
1223.1%
-60.9%
ROA
43.3%
-50.0%
ROE
44.1%
-44.8%
ROIC
-49.8%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ABEO
Peer Median
Debt / Equity
0.1
—
Current Ratio
6.9
5.9
Quick Ratio
6.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ABEO
Peer Median
Revenue YoY
147.5%
—
Revenue CAGR 3Y
60.3%
—
Revenue CAGR 5Y
-10.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ABEO
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| March 31, 2000 | $3706.2500 |
ABEO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
12 analysts
- Strong Buy 5 41.7%
- Buy 6 50.0%
- Hold 1 8.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-19
Median
$17.00
Mean
$18.86
← Below all targets
$5.94
Low
$14.00
High
$28.00
Median target
$17.00
+186.2%
Mean target
$18.86
+217.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.35 | $-0.23 | -0.12% |
| March 31, 2026 | $-0.30 | $-0.36 | 0.06% |
| Dec. 31, 2025 | $-0.37 | $-0.36 | -0.01% |
| Sept. 30, 2025 | $-0.10 | $-0.30 | 0.20% |
| June 30, 2025 | $-0.53 | $-0.39 | -0.14% |
| March 31, 2025 | $-0.24 | $-0.37 | 0.13% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ABEO | $290M | 5.2 | 147.5% | 1223.1% | 44.1% | — |
| GALT | $271M | -8.7 | — | — | 25.0% | — |
| STRO | $99M | -0.5 | 65.2% | -186.5% | 232.2% | — |
| ZNTL | $93M | -0.7 | — | — | -49.5% | — |
| IPSC | $87M | -7.1 | 1556.8% | -8.8% | -5.2% | — |
| SABS | — | — | — | — | — | — |
| IMRX | — | -5.2 | — | — | -45.3% | — |
| TLSI | — | — | — | — | — | — |
| LYEL | $654M | -1.9 | -41.0% | -762355.6% | -100.3% | — |
| IKT | $270M | -4.2 | 111.0% | -1299.0% | -38.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6M | · | $4M | $1M | $3M | $10M | · | $3M | $837.0K | $889.0K | $1M | $925.0K | |
| Cost of Revenue | $2M | · | · | · | · | · | · | · | · | · | · | $0 | |
| R&D Expense | $27M | $34M | $31M | $29M | $39M | $30M | $49M | $39M | $17M | $11M | $5M | $333.0K | |
| SG&A Expense | $65M | $30M | $19M | $17M | $22M | $24M | $21M | $20M | $11M | $13M | $14M | $4M | |
| Operating Expenses | $95M | $64M | $51M | $52M | $93M | $91M | $77M | $61M | $29M | $25M | $20M | $4M | |
| Operating Income | $-89M | $-64M | $-47M | $-51M | $-90M | $-81M | $-77M | $-58M | $-28M | $-24M | $-19M | $-3M | |
| Interest Expense | $4M | $4M | $418.0K | $736.0K | $4M | $4M | · | · | · | · | · | · | |
| Interest Income | $6M | $4M | $2M | $431.0K | $40.0K | · | · | · | · | · | · | · | |
| Other Non-op | $410.0K | $1M | $3M | $141.0K | · | · | · | · | $517.0K | $2M | $4M | $-24M | |
| Pretax Income | $71M | $-64M | · | · | · | · | · | · | · | · | · | · | |
| Income Tax | $100.0K | · | · | · | · | · | · | · | · | $0 | $0 | $0 | |
| Net Income | $71M | $-64M | $-54M | $-40M | $-85M | $-84M | $-76M | $-57M | $-27M | $-22M | $-15M | $-27M | |
| EPS (Basic) | $1.34 | $-1.55 | $-2.53 | $-5.53 | $-21.57 | · | · | · | · | · | · | $-15.26 | |
| EPS (Diluted) | $1.01 | $-1.55 | $-2.53 | $-5.53 | · | · | · | · | · | · | · | $-15.26 | |
| Shares (Basic) | 52,952,917 | 41,048,206 | 21,380,476 | 7,861,515 | 3,937,676 | · | · | · | · | 34,180,253 | 27,597,434 | 1,942,905 | |
| Shares (Diluted) | 66,135,821 | 41,048,206 | 21,380,476 | 7,861,515 | · | · | · | · | · | · | · | 1,942,905 | |
| EBITDA | $-87M | $-62M | $-45M | · | $-87M | $-77M | $-69M | $-56M | $-27M | $-23M | $-18M | $-3M |
Balance Sheet 30
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $78M | $23M | $14M | $14M | $33M | $13M | $129M | $19M | $138M | $69M | $40M | $12M | |
| Short-term Investments | $113M | $74M | $38M | $38M | $12M | $82M | · | $66M | $0 | · | · | · | |
| Receivables | $6M | · | · | · | $3M | · | · | $81.0K | $107.0K | $124.0K | $115.0K | $35.0K | |
| Inventory | $5M | · | · | · | · | · | · | · | · | · | · | · | |
| Prepaid Expense | $1M | $1M | $729.0K | $424.0K | $2M | $3M | $3M | $4M | $3M | $155.0K | $315.0K | $0 | |
| Current Assets | $205M | $101M | $56M | $53M | $56M | $98M | $132M | $89M | $141M | $69M | $41M | $12M | |
| PP&E (Net) | $10M | $4M | $4M | $6M | $12M | $11M | $13M | $9M | $1M | $721.0K | $350.0K | $4.0K | |
| PP&E (Gross) | $27M | $19M | $17M | $18M | $23M | $19M | $17M | $11M | $2M | $900.0K | $381.0K | $14.0K | |
| Accum. Depreciation | $17M | $15M | $13M | $12M | $10M | $7M | $4M | $2M | $386.0K | $179.0K | $31.0K | $10.0K | |
| Goodwill | · | · | · | · | · | $32M | $32M | $32M | $32M | $32M | $32M | $0 | |
| Intangibles | · | · | · | · | $1M | $2M | $36M | $43M | $4M | $8M | $7M | $5M | |
| Other Non-current Assets | $781.0K | $96.0K | $277.0K | $43.0K | $168.0K | · | · | · | · | · | · | · | |
| Total Assets | $220M | $109M | $64M | $64M | $80M | $151M | $223M | $174M | $179M | $111M | $80M | $17M | |
| Accounts Payable | $8M | $3M | $2M | $2M | $4M | $5M | $4M | $6M | $2M | $4M | $875.0K | $2M | |
| Accrued Liabilities | $8M | $6M | $6M | $4M | $6M | $3M | $6M | $4M | $512.0K | · | · | $0 | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | · | $0 | $400.0K | |
| Current Liabilities | $30M | $17M | $13M | $8M | $17M | $42M | $39M | $20M | $6M | $8M | $1M | $3M | |
| Capital Leases | $4M | $3M | $4M | $6M | $8M | $5M | $6M | · | · | · | · | · | |
| Other Non-current Liabilities | · | · | · | · | $200.0K | · | · | · | · | · | · | · | |
| Total Liabilities | $60M | $65M | $49M | $37M | $37M | $49M | $45M | $40M | $9M | $12M | $12M | $12M | |
| Long-term Debt | $20M | $19M | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | $20M | $19M | · | · | · | · | · | · | · | · | $0 | $400.0K | |
| Common Stock | $550.0K | $457.0K | $265.0K | $177.0K | $1M | $961.0K | $836.0K | $479.0K | $469.0K | $403.0K | $328.0K | $200.0K | |
| Paid-in Capital | $901M | $857M | $764M | $722M | $697M | · | · | · | · | · | $378M | $301M | |
| Retained Earnings | $-742M | $-813M | $-750M | $-695M | $-656M | $-571M | $-486M | $-410M | $-360M | $-332M | $-311M | $-296M | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| AOCI | $138.0K | $8.0K | $-66.0K | $-129.0K | $-27.0K | $-10.0K | · | · | · | · | · | · | |
| Stockholders' Equity | $159M | $44M | $15M | $27M | $42M | $103M | $178M | $134M | $170M | $99M | $68M | $5M | |
| Liabilities + Equity | $220M | $109M | $64M | $64M | $80M | $151M | $223M | $174M | $179M | $111M | $80M | $17M | |
| Shares Outstanding | 55,043,413 | 45,644,091 | 26,523,878 | 17,719,720 | 5,888,217 | 96,131,678 | 83,622,135 | 47,944,486 | 46,888,108 | 40,254,457 | · | · |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $2M | $2M | $3M | $3M | $5M | $8M | $2M | $741.0K | $825.0K | $551.0K | $11.0K | |
| Stock-based Comp | $11M | $7M | $5M | $3M | · | · | · | · | · | · | $4M | $1M | |
| Amort. of Intangibles | · | · | · | · | $116.0K | $1M | $5M | $1M | $500.0K | $677.0K | $538.0K | $9.0K | |
| Other Non-cash | $-161M | $-913.0K | $10M | · | $16M | $45M | $6M | $15M | $4M | $8M | $-816.0K | $24M | |
| Operating Cash Flow | $-76M | $-56M | $-37M | $-43M | $-66M | $-35M | $-63M | $-39M | $-23M | $-13M | $-10M | $-2M | |
| CapEx | $8M | $2M | $331.0K | $130.0K | $4M | $1M | $6M | $9M | $860.0K | $519.0K | $308.0K | $0 | |
| Investing Cash Flow | $105M | $-39M | $208.0K | $-24M | $66M | $-84M | $60M | $-85M | $-860.0K | $-519.0K | · | · | |
| Debt Issued | · | $20M | · | · | · | · | · | · | · | · | · | · | |
| Net Debt Issued | · | $20M | · | · | · | · | · | · | · | · | · | · | |
| Stock Issued | $17M | $15M | $14M | $13M | $8M | · | $17M | · | · | · | $7M | $0 | |
| Net Stock Activity | $17M | $15M | $14M | · | $8M | · | $17M | · | · | · | $7M | $12M | |
| Financing Cash Flow | $26M | $104M | $37M | $43M | $25M | $2M | $114M | $5M | $92M | $43M | · | · | |
| Net Change in Cash | $55M | $9M | $256.0K | $-24M | $25M | $-117M | $111M | $-119M | $69M | $29M | $29M | $11M | |
| Taxes Paid | · | $7.0K | $14.0K | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $-84M | $-58M | $-37M | · | $-70M | $-36M | $-69M | $-48M | $-24M | $-14M | $-11M | $-2M | |
| Levered FCF | $-88M | · | · | · | · | · | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -1536.9% | · | -1346.7% | · | -2994.5% | -814.2% | · | -1940.2% | -3325.7% | -2686.3% | -1783.3% | -338.5% | |
| Net Margin | 1223.1% | · | -1548.2% | · | -2831.2% | -842.3% | · | -1890.3% | -3263.9% | -2460.4% | -1396.7% | -2894.9% | |
| Pretax Margin | 1224.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EBITDA Margin | -1493.1% | · | -1281.3% | · | -2886.2% | -768.3% | · | -1861.4% | -3237.2% | -2593.5% | -1730.3% | -337.3% | |
| ROA | 43.3% | -73.7% | -84.5% | · | -73.6% | -45.0% | -38.4% | -32.1% | -18.9% | -22.9% | -30.1% | -311.5% | |
| ROE | 44.1% | -141.9% | -294.0% | · | -129.6% | -77.4% | -55.6% | -39.9% | -21.1% | -27.2% | -22.8% | 537.5% | |
| ROIC | -49.8% | · | · | · | · | · | · | · | · | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.9 | 6.1 | 4.2 | · | 3.3 | 2.3 | 3.4 | 4.4 | 25.1 | 8.4 | 27.5 | 4.0 | |
| Quick Ratio | 6.7 | 5.9 | 3.9 | · | 2.9 | 2.3 | 3.3 | 4.2 | 24.6 | 8.3 | 27.3 | 4.0 | |
| Debt / Equity | 0.1 | 0.4 | · | · | · | · | · | · | · | · | 0.0 | 0.1 | |
| LT Debt / Equity | 0.0 | 0.3 | · | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | -23.9 | -15.3 | -112.8 | · | -24.5 | · | · | · | · | · | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | · | 0.1 | · | 0.0 | 0.1 | · | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | |
| Inventory Turnover | 0.6 | · | · | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | 1.9 | · | · | · | 2.0 | · | · | 31.9 | 7.2 | 7.4 | 13.9 | 17.0 |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | · | · | 147.5% | -52.9% | -70.0% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 60.3% | · | -29.5% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -10.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6M | · | $4M | $1M | $3M | $10M | $3M | $3M | $837.0K | $889.0K | $1M | $925.0K | |
| Net Income TTM | $71M | $-64M | $-54M | $-40M | $-85M | $-84M | $-76M | $-57M | $-27M | $-22M | $-15M | $-27M | |
| Market Cap | $290M | $254M | $133M | · | $1.25B | $3.77B | $6.84B | $8.56B | $18.58B | · | · | · | |
| Enterprise Value | $119M | $175M | · | · | · | · | · | · | · | · | · | · | |
| P/E | 5.2 | -3.6 | -2.0 | -0.6 | -1.3 | -6.1 | -12.7 | -27.6 | -61.3 | -18.8 | -13.0 | -5.7 | |
| P/S | 49.8 | · | 38.0 | · | 417.1 | 377.3 | 2499.5 | 2854.6 | 22197.6 | · | · | · | |
| P/B | 1.8 | 5.8 | 9.0 | · | 24.4 | 36.8 | 38.3 | 63.8 | 109.2 | · | · | · | |
| P / Tangible Book | 1.8 | 5.8 | 9.0 | 2.0 | 30.5 | 55.0 | · | · | · | · | · | · | |
| P / Cash Flow | -3.8 | -4.5 | -3.6 | · | -19.1 | -107.7 | -108.8 | -218.8 | -810.1 | · | · | · | |
| P / FCF | -3.4 | -4.3 | -3.6 | · | -17.9 | -103.8 | -98.9 | -177.0 | -780.8 | · | · | · | |
| EV / EBITDA | -1.4 | -2.8 | · | · | · | · | · | · | · | · | · | · | |
| EV / FCF | -1.4 | -3.0 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 20.4 | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 19.2% | -27.8% | -50.5% | -179.6% | -76.0% | -16.5% | -7.9% | -3.6% | -1.6% | -5.3% | -7.7% | -17.7% |
Income Statement 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11M | $9M | $5M | · | $400.0K | · | · | · | · | · | $0 | · | $4M | · | $68.0K | · | |
| Cost of Revenue | $4M | $3M | $1M | $488.0K | · | · | · | · | · | · | · | · | · | · | · | · | |
| R&D Expense | $5M | $10M | $7M | $4M | $6M | $10M | $9M | $9M | $9M | $7M | $7M | $7M | $9M | $8M | $6M | $5M | |
| SG&A Expense | $16M | $20M | $19M | $19M | $17M | $10M | $8M | $6M | $9M | $7M | $6M | $4M | $5M | $4M | $6M | $4M | |
| Operating Expenses | $25M | $32M | $28M | $24M | $23M | $20M | $17M | $15M | $18M | $14M | $13M | $11M | $14M | $12M | $13M | $9M | |
| Operating Income | $-14M | $-23M | $-23M | $-24M | $-23M | $-20M | $-17M | $-15M | $-18M | $-14M | $-13M | $-11M | $-11M | $-12M | $-13M | $-9M | |
| Interest Expense | $696.0K | $830.0K | $884.0K | $901.0K | $957.0K | $998.0K | $1M | $1M | $1M | $952.0K | $109.0K | $105.0K | $103.0K | $101.0K | $178.0K | $157.0K | |
| Interest Income | $1M | $1M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | $843.0K | $743.0K | $593.0K | $417.0K | $364.0K | $321.0K | $72.0K | |
| Other Non-op | $-6.0K | $50.0K | $51.0K | $129.0K | $89.0K | $141.0K | $663.0K | $145.0K | $224.0K | $162.0K | $214.0K | $111.0K | $2M | $403.0K | $277.0K | $-19.0K | |
| Pretax Income | $-20M | $-17M | $-21M | $-20M | $124M | $-12M | $-9M | $-30M | $7M | · | · | · | · | · | · | · | |
| Income Tax | · | $2.0K | $-215.0K | $-15M | $16M | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income | $-20M | $-17M | $-20M | $-5M | $109M | $-12M | $-9M | $-30M | $7M | $-32M | $-17M | $-12M | $-17M | $-9M | $-7M | $-6M | |
| EPS (Basic) | $-0.35 | $-0.30 | $-0.39 | $-0.10 | $2.07 | $-0.24 | $0.05 | $-0.63 | $0.19 | $-1.16 | $-0.59 | $-0.48 | $-0.92 | $-0.54 | $-2.09 | $-1.00 | |
| EPS (Diluted) | $-0.35 | $-0.30 | $-0.36 | $-0.10 | $1.71 | $-0.24 | $0.50 | $-0.63 | $-0.26 | $-1.16 | $-0.59 | $-0.48 | $-0.92 | $-0.54 | $0.52 | $-1.00 | |
| Shares (Basic) | 57,048,385 | 56,620,920 | -103,592,901 | 54,242,507 | 52,524,510 | 49,778,801 | -74,359,570 | 48,081,758 | 40,010,481 | 27,315,537 | -38,338,986 | 24,797,564 | 18,017,874 | 16,904,024 | -10,161,310 | 6,421,245 | |
| Shares (Diluted) | 57,048,385 | 56,620,920 | -104,526,107 | 54,242,507 | 66,640,620 | 49,778,801 | -85,575,804 | 48,081,758 | 51,226,715 | 27,315,537 | -38,338,986 | 24,797,564 | 18,017,874 | 16,904,024 | 1,851,613 | 6,421,245 | |
| EBITDA | $-14M | $-22M | · | $-24M | $-23M | $-19M | · | $-15M | $-18M | $-14M | · | $-11M | $-11M | $-11M | · | $-9M |
Balance Sheet 27
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $56M | $61M | $78M | $83M | $164M | $16M | $23M | $16M | $34M | $18M | $14M | $5M | $6M | $5M | $14M | $6M | |
| Short-term Investments | $91M | $107M | $113M | $124M | $62M | $68M | $74M | $94M | $88M | $45M | $38M | $49M | $31M | $36M | $38M | $12M | |
| Receivables | $9M | $6M | $6M | · | · | · | · | · | · | · | · | · | $4M | · | · | · | |
| Inventory | $6M | $6M | $5M | $5M | $3M | · | · | · | · | · | · | · | · | · | · | · | |
| Prepaid Expense | $2M | $2M | $1M | $2M | $2M | $2M | $1M | $1M | $1M | $2M | $729.0K | $963.0K | $1M | $2M | $424.0K | $945.0K | |
| Current Assets | $165M | $183M | $205M | $216M | $232M | $88M | $101M | $113M | $126M | $67M | $56M | $57M | $44M | $43M | $53M | $25M | |
| PP&E (Net) | $10M | $11M | $10M | $10M | $9M | $7M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $5M | $6M | $7M | |
| PP&E (Gross) | $29M | $28M | $27M | $27M | $26M | $22M | $19M | $18M | $18M | $17M | $17M | $17M | $17M | $18M | $18M | $18M | |
| Accum. Depreciation | $19M | $18M | $17M | $16M | $16M | $16M | $15M | $14M | $14M | $13M | $13M | $13M | $12M | $13M | $12M | $12M | |
| Intangibles | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | · | · | |
| Other Non-current Assets | $827.0K | $827.0K | $781.0K | $541.0K | $338.0K | $57.0K | $96.0K | $88.0K | $100.0K | $114.0K | $277.0K | · | · | · | $43.0K | $20.0K | |
| Total Assets | $180M | $198M | $220M | $231M | $246M | $99M | $109M | $121M | $134M | $75M | $64M | $66M | $54M | $53M | $64M | $39M | |
| Accounts Payable | $3M | $4M | $8M | $6M | $7M | $5M | $3M | $3M | $3M | $3M | $2M | $3M | $3M | $3M | $2M | $2M | |
| Accrued Liabilities | $7M | $5M | $8M | $7M | $5M | $4M | $6M | $5M | $5M | $3M | $6M | $4M | $4M | $3M | $4M | $4M | |
| Current Liabilities | $25M | $31M | $30M | $22M | $35M | $18M | $17M | $18M | $17M | $12M | $13M | $8M | $9M | $7M | $8M | $13M | |
| Capital Leases | $4M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $3M | $4M | $4M | $4M | $4M | $6M | $6M | $6M | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $200.0K | |
| Total Liabilities | $51M | $54M | $60M | $60M | $83M | $58M | $65M | $75M | $61M | $84M | $49M | $44M | $44M | $35M | $37M | $23M | |
| Long-term Debt | $15M | $18M | $20M | $20M | $20M | $19M | $19M | $19M | $18M | $18M | · | · | · | · | · | · | |
| Total Debt | $15M | $18M | · | $20M | $20M | $19M | · | $19M | $18M | $18M | · | · | · | · | · | · | |
| Common Stock | $572.0K | $568.0K | $550.0K | $524.0K | $512.0K | $490.0K | $457.0K | $434.0K | $417.0K | $276.0K | $265.0K | $247.0K | $215.0K | $179.0K | $177.0K | $77.0K | |
| Paid-in Capital | $907M | $904M | $901M | $892M | $880M | $866M | $857M | $849M | $847M | $772M | $764M | $755M | $730M | $723M | $722M | $710M | |
| Retained Earnings | $-779M | $-759M | $-742M | $-722M | $-716M | $-825M | $-813M | $-804M | $-774M | $-781M | $-750M | $-733M | $-721M | $-704M | $-695M | $-694M | |
| AOCI | $-79.0K | $-21.0K | $138.0K | $10.0K | $-45.0K | $-67.0K | $8.0K | $-84.0K | $-134.0K | $-184.0K | $-66.0K | $-99.0K | $-95.0K | $-65.0K | $-129.0K | $-44.0K | |
| Stockholders' Equity | $128M | $145M | $159M | $171M | $164M | $41M | $44M | $46M | $73M | $-9M | $15M | $22M | $9M | $19M | $27M | $15M | |
| Liabilities + Equity | $180M | $198M | $220M | $231M | $246M | $99M | $109M | $121M | $134M | $75M | $64M | $66M | $54M | $53M | $64M | $39M | |
| Shares Outstanding | 57,225,919 | 56,866,381 | 55,043,413 | 52,400,415 | 51,248,032 | 48,953,171 | 45,644,091 | 43,404,706 | 41,661,993 | 27,550,593 | 26,523,878 | 24,713,908 | 21,478,157 | 17,929,344 | 17,719,720 | 7,671,351 |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $665.0K | $690.0K | $863.0K | $608.0K | $544.0K | $534.0K | $539.0K | $487.0K | $487.0K | $491.0K | $491.0K | $521.0K | $615.0K | $661.0K | $729.0K | $780.0K | |
| Stock-based Comp | $3M | $3M | $3M | $3M | $3M | $3M | $2M | $2M | $1M | $2M | $2M | $2M | $927.0K | $770.0K | · | · | |
| Other Non-cash | · | $-6M | · | · | · | $-10M | · | · | · | $15M | · | · | · | $-3M | · | · | |
| Operating Cash Flow | $-17M | $-20M | $-18M | $-21M | $-19M | $-18M | $-17M | $-12M | $-13M | $-15M | $-9M | $-6M | $-10M | $-12M | $-14M | $-7M | |
| CapEx | $479.0K | $935.0K | $1M | $3M | $3M | $1M | $606.0K | $404.0K | $711.0K | $725.0K | $37.0K | $44.0K | $32.0K | $218.0K | $25.0K | $2.0K | |
| Investing Cash Flow | $16M | $5M | $10M | $-65M | $156M | $4M | $19M | $-6M | $-44M | $-8M | $12M | $-19M | $5M | $2M | $-25M | $2M | |
| Debt Issued | · | · | · | · | · | · | $0 | $0 | $0 | $20M | · | · | · | · | · | · | |
| Net Debt Issued | · | $-2M | · | · | · | · | · | · | · | $20M | · | · | · | · | · | · | |
| Stock Issued | · | · | $0 | $0 | $11M | $7M | $6M | $0 | $4M | $6M | $8M | $0 | · | · | $9M | · | |
| Net Stock Activity | · | · | · | · | · | $7M | · | · | · | $6M | · | · | · | · | · | · | |
| Financing Cash Flow | $-3M | $-2M | $4M | $5M | $10M | $7M | $5M | $-299.0K | $74M | $25M | $7M | $23M | $7M | $-4.0K | $43M | $4M | |
| Net Change in Cash | $-5M | $-17M | $-5M | $-81M | $148M | $-7M | $8M | $-19M | $17M | $3M | $10M | $-2M | $2M | $-10M | $3M | $-953.0K | |
| Taxes Paid | · | · | · | · | · | · | $0 | $0 | $-1.0K | $8.0K | $7.0K | $1.0K | $0 | $6.0K | · | · | |
| Free Cash Flow | · | $-21M | · | · | · | $-20M | · | · | · | $-15M | · | · | · | $-12M | · | · | |
| Levered FCF | · | $-22M | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -120.0% | -264.1% | · | · | -5698.0% | · | · | · | · | · | · | · | -301.5% | · | · | · | |
| Net Margin | -177.4% | -195.8% | · | · | 27208.2% | · | · | · | · | · | · | · | -475.8% | · | · | · | |
| Pretax Margin | -177.4% | -195.8% | · | · | 31086.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EBITDA Margin | -120.0% | -256.2% | · | · | -5698.0% | · | · | · | · | · | · | · | -301.5% | · | · | · | |
| ROA | -9.5% | -11.5% | · | -2.9% | 57.2% | -13.8% | · | -32.4% | 7.9% | -49.3% | · | -22.6% | -33.9% | -16.8% | · | -12.0% | |
| ROE | -13.9% | -18.3% | · | -4.8% | 91.9% | -74.0% | · | -89.3% | 17.9% | -640.6% | · | -63.2% | -113.2% | -36.3% | · | -19.9% | |
| ROIC | · | -14.1% | · | -3.2% | -10.9% | · | · | · | · | · | · | · | · | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.6 | 5.9 | · | 9.7 | 6.7 | 4.9 | · | 6.1 | 7.5 | 5.6 | · | 6.8 | 4.7 | 5.8 | · | 2.0 | |
| Quick Ratio | 6.3 | 5.6 | · | 9.3 | 6.5 | 4.7 | · | 6.0 | 7.3 | 5.2 | · | 6.4 | 4.3 | 5.4 | · | 1.4 | |
| Debt / Equity | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.5 | · | 0.4 | 0.3 | -2.0 | · | · | · | · | · | · | |
| LT Debt / Equity | 0.0 | 0.0 | · | 0.1 | 0.1 | 0.3 | · | 0.3 | 0.2 | -2.0 | · | · | · | · | · | · | |
| Interest Coverage | -19.6 | -27.8 | · | -26.7 | -23.8 | -19.8 | · | -13.9 | -16.7 | -15.1 | · | -107.9 | -102.5 | -119.2 | · | -59.7 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | · | 0.0 | · | · | · | · | · | · | · | 0.1 | · | · | · | |
| Inventory Turnover | 1.0 | 0.9 | · | 0.2 | · | · | · | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | 1.8 | 2.8 | · | · | · | · | · | · | · | · | · | · | 1.6 | · | · | · |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income TTM | $66M | $75M | · | $61M | $74M | $-66M | · | $-66M | $-53M | $-69M | · | $-44M | $-36M | $-42M | · | $-40M | |
| Market Cap | $354M | $255M | · | $277M | $291M | $233M | · | $274M | $177M | $200M | · | $104M | $87M | $51M | · | $23M | |
| Enterprise Value | $222M | $105M | · | $89M | $85M | $168M | · | $183M | $72M | $155M | · | · | · | · | · | · | |
| P/E | 6.4 | 4.2 | · | 7.1 | 9.8 | -2.1 | · | -2.5 | -1.5 | -2.3 | · | -1.4 | -3.7 | · | · | · | |
| P/B | 2.8 | 1.8 | · | 1.6 | 1.8 | 5.6 | · | 6.0 | 2.4 | -22.5 | · | 4.7 | 9.3 | 2.7 | · | 1.5 | |
| P / Tangible Book | 2.8 | 1.8 | · | 1.6 | 1.8 | 5.6 | · | 6.0 | 2.4 | · | · | 4.7 | 9.3 | 2.7 | · | 1.5 | |
| P / Cash Flow | · | -12.9 | · | · | · | -12.7 | · | · | · | -13.7 | · | · | · | -4.3 | · | · | |
| P / FCF | · | -12.3 | · | · | · | -11.8 | · | · | · | -13.1 | · | · | · | -4.2 | · | · | |
| EV / EBITDA | -16.2 | -4.7 | · | -3.7 | -3.7 | -8.8 | · | -11.9 | -4.0 | -11.2 | · | · | · | · | · | · | |
| EV / FCF | · | -5.0 | · | · | · | -8.5 | · | · | · | -10.2 | · | · | · | · | · | · | |
| Earnings Yield | 15.5% | 23.9% | · | 14.0% | 10.2% | -48.1% | · | -40.0% | -66.5% | -42.8% | · | -69.8% | -27.3% | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $6M | — | $4M | $1M | $3M |
| Operating Margin % | -1536.9% | — | -1346.7% | — | -2994.5% |
| Net Income | $71M | $-64M | $-54M | $-40M | $-85M |
| Diluted EPS | $1.01 | $-1.55 | $-2.53 | $-5.53 | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.4 | — | — | — |
| Current Ratio | 6.9 | 6.1 | 4.2 | — | 3.3 |
| Quick Ratio | 6.7 | 5.9 | 3.9 | — | 2.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-84M | $-58M | $-37M | — | $-70M |
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Institutional owners (13F) 138 filers · $208.7M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 38 (+24 vs prior Q) | 12 (+1 vs prior Q) | 36 (-6 vs prior Q) | 36 (+3 vs prior Q) | +2.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Nantahala Capital Management, LLC | $31,743,508 | 5,136,490 | 15.21% | Shares |
| Cable Car Capital, LP | $18,585,293 | 3,007,329 | 8.91% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $13,666,656 | 2,211,433 | 6.55% | Shares |
| OneDigital Investment Advisors LLC | $10,215,688 | 1,653,024 | 4.90% | Shares |
| AWM Investment Company, Inc. | $9,184,283 | 1,486,130 | 4.40% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $7,663,639 | 1,240,071 | 3.67% | Shares |
| GOLDMAN SACHS GROUP INC | $6,830,414 | 1,105,245 | 3.27% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $6,674,119 | 1,079,684 | 3.20% | Shares |
| STATE STREET CORP | $6,428,609 | 1,040,228 | 3.08% | Shares |
| Nantahala Capital Management, LLC | $6,303,600 | 1,020,000 | 3.02% | Call option |
| Propel Bio Management, LLC | $6,075,373 | 983,070 | 2.91% | Shares |
| NAN FUNG TRINITY (HK) LTD | $5,912,839 | 956,770 | 2.83% | Shares |
| Diametric Capital, LP | $4,666,029 | 755,021 | 2.24% | Shares |
| AIGH Capital Management LLC | $4,493,478 | 727,100 | 2.15% | Shares |
| J. Goldman & Co LP | $4,191,109 | 678,173 | 2.01% | Shares |
| SILVERARC CAPITAL MANAGEMENT, LLC | $3,772,315 | 610,407 | 1.81% | Shares |
| Rubric Capital Management LP | $3,762,205 | 608,771 | 1.80% | Shares |
| Stonepine Capital Management, LLC | $3,444,015 | 557,284 | 1.65% | Shares |
| CITIGROUP INC | $3,372,920 | 545,780 | 1.62% | Shares |
| MONTANOVA CAPITAL, LLC | $3,090,000 | 500,000 | 1.48% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $3,090,000 | 500,000 | 1.48% | Shares |
| Knoll Capital Management, LLC | $3,000,482 | 485,515 | 1.44% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $2,528,084 | 409,075 | 1.21% | Shares |
| TUDOR INVESTMENT CORP ET AL | $2,229,744 | 360,800 | 1.07% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,222,755 | 359,669 | 1.07% | Shares |
| BARCLAYS PLC | $2,192,410 | 354,759 | 1.05% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $2,150,751 | 348,018 | 1.03% | Shares |
| Simplify Asset Management Inc. | $2,134,671 | 345,416 | 1.02% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,802,416 | 291,653 | 0.86% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,722,366 | 278,700 | 0.83% | Call option |
| GROUP ONE TRADING LLC | $1,514,384 | 245,046 | 0.73% | Shares |
| ExodusPoint Capital Management, LP | $1,312,168 | 212,325 | 0.63% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,306,050 | 211,335 | 0.63% | Shares |
| MARSHALL WACE, LLP | $1,204,030 | 194,827 | 0.58% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,201,250 | 194,377 | 0.58% | Shares |
| CITADEL ADVISORS LLC | $1,186,541 | 191,997 | 0.57% | Shares |
| FMR LLC | $852,173 | 137,892 | 0.41% | Shares |
| Bank of New York Mellon Corp | $824,956 | 133,488 | 0.40% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $805,254 | 130,300 | 0.39% | Put option |
| Headlands Technologies LLC | $773,056 | 125,090 | 0.37% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $744,777 | 120,514 | 0.36% | Shares |
| CITADEL ADVISORS LLC | $698,958 | 113,100 | 0.33% | Call option |
| Palo Alto Investors LP | $672,786 | 108,865 | 0.32% | Shares |
| SEI INVESTMENTS CO | $652,361 | 105,560 | 0.31% | Shares |
| MORGAN STANLEY | $635,304 | 102,800 | 0.30% | Shares |
| Gem Investment Advisors, LLC | $612,339 | 99,084 | 0.29% | Shares |
| Corient Private Wealth LP | $555,632 | 89,908 | 0.27% | Shares |
| Pale Fire Capital SE | $506,420 | 81,945 | 0.24% | Shares |
| CITADEL ADVISORS LLC | $506,142 | 81,900 | 0.24% | Put option |
| TWO SIGMA INVESTMENTS, LP | $498,955 | 80,737 | 0.24% | Shares |
| Y-Intercept (Hong Kong) Ltd | $447,265 | 72,373 | 0.21% | Shares |
| LPL Financial LLC | $431,333 | 69,795 | 0.21% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $394,352 | 63,811 | 0.19% | Shares |
| JANE STREET GROUP, LLC | $383,778 | 62,100 | 0.18% | Call option |
| Rangeley Capital, LLC | $359,058 | 58,100 | 0.17% | Shares |
| RHUMBLINE ADVISERS | $350,713 | 56,751 | 0.17% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $345,697 | 55,938 | 0.17% | Shares |
| DEUTSCHE BANK AG\ | $293,908 | 47,558 | 0.14% | Shares |
| JANE STREET GROUP, LLC | $289,842 | 46,900 | 0.14% | Put option |
| AMERICAN CENTURY COMPANIES INC | $286,845 | 46,415 | 0.14% | Shares |
| WINTON GROUP Ltd | $255,852 | 41,400 | 0.12% | Shares |
| Main Street Research LLC | $238,017 | 38,514 | 0.11% | Shares |
| Jump Financial, LLC | $237,312 | 38,400 | 0.11% | Shares |
| D. E. Shaw & Co., Inc. | $228,660 | 37,000 | 0.11% | Shares |
| ALLIANCEBERNSTEIN L.P. | $214,816 | 47,950 | 0.10% | Shares |
| Jain Global LLC | $178,509 | 28,885 | 0.09% | Shares |
| STIFEL FINANCIAL CORP | $174,740 | 28,275 | 0.08% | Shares |
| WEALTH EFFECTS LLC | $168,405 | 27,250 | 0.08% | Shares |
| Nuveen, LLC | $160,105 | 25,907 | 0.08% | Shares |
| Persistent Asset Partners Ltd | $159,104 | 25,745 | 0.08% | Shares |
| Quantbot Technologies LP | $156,657 | 25,349 | 0.08% | Shares |
| Atom Investors LP | $153,697 | 24,870 | 0.07% | Shares |
| MetLife Investment Management, LLC | $153,054 | 24,766 | 0.07% | Shares |
| Riverwater Partners LLC | $150,199 | 24,304 | 0.07% | Shares |
| UBS Group AG | $144,661 | 23,408 | 0.07% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $132,073 | 21,371 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $124,280 | 20,110 | 0.06% | Shares |
| NATIXIS | $116,314 | 19,631 | 0.06% | Shares |
| Vanguard Global Advisers, LLC | $114,997 | 18,608 | 0.06% | Shares |
| StoneX Group Inc. | $106,049 | 17,295 | 0.05% | Shares |
| Invesco Ltd. | $102,335 | 16,559 | 0.05% | Shares |
| VANGUARD GROUP INC | $98,064 | 18,608 | 0.05% | Shares |
| SHERBROOKE PARK ADVISERS LLC | $81,980 | 15,556 | 0.04% | Shares |
| Aries Wealth Management | $77,250 | 12,500 | 0.04% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $75,668 | 12,244 | 0.04% | Shares |
| Russell Investments Group, Ltd. | $74,765 | 12,098 | 0.04% | Shares |
| Ethic Inc. | $70,106 | 11,344 | 0.03% | Shares |
| Police & Firemen's Retirement System of New Jersey | $68,011 | 11,005 | 0.03% | Shares |
| Kovack Advisors, Inc. | $63,888 | 10,560 | 0.03% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $63,079 | 10,207 | 0.03% | Shares |
| TWO SIGMA SECURITIES, LLC | $62,894 | 10,177 | 0.03% | Shares |
| Truvestments Capital LLC | $60,403 | 9,774 | 0.03% | Shares |
| HAP Trading, LLC | $55,000 | 100,000 | 0.03% | Call option |
| MAI Capital Management | $49,440 | 8,000 | 0.02% | Call option |
| MAI Capital Management | $48,946 | 7,920 | 0.02% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $43,198 | 6,990 | 0.02% | Shares |
| BlackRock, Inc. | $42,827 | 6,930 | 0.02% | Shares |
| NORTHERN TRUST CORP | $41,282 | 6,680 | 0.02% | Shares |
| Allworth Financial LP | $28,750 | 4,652 | 0.01% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $28,249 | 4,571 | 0.01% | Shares |
Company insiders 26 insiders · 14 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Vishwas Seshadri | Chief Executive Officer | July 9, 2026 S | 1,306,108 | 0 | 2 | $-605,710 |
| Joao Siffert MD | Chief Executive Officer | Feb. 11, 2019 A | — | 0 | 0 | $0 |
| Carsten Thiel | Chief Executive Officer | March 29, 2018 A | — | 0 | 0 | $0 |
| Stephen R Seiler | President and CEO | Jan. 4, 2007 A | — | 0 | 0 | $0 |
| Kerry P Gray | President and CEO | Aug. 6, 2004 P | 183,340 | 0 | 0 | $0 |
| Joseph Walter Vazzano | Chief Financial Officer | July 21, 2026 S | 492,079 | 0 | 3 | $-238,582 |
| Timothy J Miller | President & Chief Scientific Officer | April 9, 2019 A | — | 0 | 0 | $0 |
| Davis B Jeffrey | COO | Dec. 14, 2017 A | 300,000 | 0 | 0 | $0 |
| Madhav Vasanthavada | Chief Commercial Officer | July 9, 2026 S | 290,623 | 0 | 2 | $-110,379 |
| Brendan M. O'Malley | SVP, Chief Legal Officer | July 9, 2026 S | 427,953 | 0 | 2 | $-110,071 |
| Edward Carr | Chief Accounting Officer | Sept. 12, 2019 A | 20,000 | 0 | 0 | $0 |
| Steven H Rouhandeh | Executive Chairman | April 9, 2019 A | 375,000 | 0 | 0 | $0 |
| Stephen B Thompson | Sr VP Finance | Dec. 14, 2017 A | 84,896 | 0 | 0 | $0 |
| David P Nowotnik | Sr. VP R&D | March 22, 2012 E | 20,116 | 0 | 0 | $0 |
| Leila Alland | Director | June 30, 2026 S | 162,614 | 0 | 1 | $-65,120 |
| Christine Berni Silverstein | Director | June 15, 2026 S | 119,562 | 0 | 1 | $-103,694 |
| Mark Alvino | Director | May 26, 2026 G | 77,065 | 0 | 0 | $0 |
| Richard B Van Duyne | Director | May 21, 2019 A | 6,000 | 0 | 0 | $0 |
| Stefano Buono | Director | May 21, 2019 A | 70,000 | 0 | 0 | $0 |
| Todd Wider | Director | May 21, 2019 A | 100,000 | 0 | 0 | $0 |
| Stephen B. Howell | Director | May 21, 2019 A | 75,495 | 0 | 0 | $0 |
| Mark J Ahn | Director | Dec. 13, 2016 A | 493,182 | 0 | 0 | $0 |
| David P Luci | Director | May 27, 2009 A | 263,217 | 0 | 0 | $0 |
| Rosemary Mazanet | Director | Jan. 4, 2007 A | — | 0 | 0 | $0 |
| Herbert H Mcdade | Director | April 2, 2004 X | 81,007 | 0 | 0 | $0 |
| John J Meakem | — | April 29, 2005 A | 45,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 11 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Feb. 19, 2021 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Aug. 21, 2020 | — | Initial filing | — | SEC |
| Great Point Partners, LLC, Dr. Jeffrey R. Jay, M.D., Mr. David Kroin ×2 filings | April 22, 2020 | — | Initial filing | — | SEC |
| SCO Capital Partners LLC, Beach Capital LLC, Steven H. Rouhandeh ×3 filings | May 22, 2015 | — | Initial filing | — | SEC |
| Larry N. Feinberg, Oracle Associates, LLC, Oracle Partners, L.P., Oracle Institutional Partners, L.P. | Oct. 26, 2012 | — | Initial filing | — | SEC |
| IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) SCO Capital Partners LLC, IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) SCO Capital Partners, L.P., IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Beach Capital LLC, IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) SCO Securities LLC, IRS IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Steven H. Rouhandeh ×6 filings | June 19, 2009 | — | Initial filing | Passive investment | SEC |
| Larry N. Feinberg (b), Oracle Associates, LLC (b), Oracle Partners, L.P. (b), Oracle Institutional Partners, L.P. (b), Oracle Investment Management, Inc. (b), SAM Oracle Investments Inc. (b) | May 22, 2008 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Dec. 20, 2006 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Feb. 27, 2006 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 14, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Feb. 6, 2002 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 17 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| HAPS · Harbor ETF Trust | 0.12% | 35,310 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.07% | 147,234 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 37,978 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.02% | 405,504 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 250,334 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 1,161,524 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 19,140 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 33,384 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 2,159 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 1,688 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 1,706 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 43 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 119,992 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.00% | 16,656 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 627,769 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,529,026 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,341 SH | Aug. 8, 2026 | Daily |