AEHR Aehr Test Systems - Common Stock
AEHR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
AEHR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
AEHR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 3 30.0%
- Buy 6 60.0%
- Hold 1 10.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-24Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.11 | $-0.01 | 0.12% |
| March 31, 2026 | $-0.05 | $-0.07 | 0.02% |
| Dec. 31, 2025 | $-0.04 | $-0.04 | -0.00% |
| Sept. 30, 2025 | $0.01 | $0.00 | 0.01% |
| June 30, 2025 | $-0.01 | $-0.02 | 0.01% |
| March 31, 2025 | $0.07 | $0.04 | 0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AEHR | $3.00B | -401.4 | -15.2% | -14.2% | -4.1% | 35.3% |
| ENPH | $4.20B | 24.8 | 10.7% | 11.7% | 17.9% | 46.6% |
| AXTI | $905M | -33.4 | -11.1% | -24.1% | -9.1% | 12.7% |
| ACLS | $2.47B | 21.1 | -17.6% | 14.3% | 11.7% | 44.9% |
| UCTT | $1.18B | -6.5 | -2.1% | -8.8% | -22.9% | 15.7% |
| VECO | $1.73B | 48.4 | -7.4% | 5.3% | 4.1% | 40.0% |
| COHU | $1.17B | -14.8 | 12.7% | -16.4% | -9.2% | — |
| ICHR | $653M | -12.3 | 11.6% | -5.6% | -7.8% | 9.3% |
| PDFS | $1.13B | -1426.5 | 22.0% | -0.29% | -0.24% | 72.3% |
| PLAB | $1.38B | 10.5 | -2.0% | 16.1% | 11.9% | 35.3% |
| ALMU | $260M | -71.2 | 407.6% | -64.8% | -31.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50M | $59M | $66M | $65M | $51M | $17M | $22M | $21M | $30M | $19M | $15M | |
| Cost of Revenue | $32M | $35M | $34M | $32M | $27M | $11M | $14M | $13M | $17M | $12M | $9M | |
| Gross Profit | $18M | $24M | $33M | $33M | $24M | $6M | $8M | $8M | $12M | $7M | $5M | |
| R&D Expense | $13M | $10M | $9M | $7M | $6M | $4M | $3M | $4M | $4M | $5M | $4M | |
| SG&A Expense | $19M | $18M | $14M | $12M | $10M | $7M | $8M | $8M | $7M | $7M | $7M | |
| Operating Expenses | $32M | $30M | $22M | $19M | $16M | $10M | $11M | $13M | $11M | $12M | $11M | |
| Operating Income | $-14M | $-6M | $10M | $13M | $8M | $-4M | $-3M | $-5M | $915.0K | $-5M | $-6M | |
| Interest Expense | · | · | · | · | · | · | · | $252.0K | $399.0K | $678.0K | $605.0K | |
| Other Non-op | $1M | $-15.0K | $-8.0K | $-3.0K | $30.0K | $-162.0K | $-11.0K | $44.0K | $-61.0K | $-21.0K | $-16.0K | |
| Pretax Income | $-12M | $-4M | $12M | $15M | $10M | $-2M | $-3M | $-5M | $455.0K | $-6M | $-7M | |
| Income Tax | $-5M | $-381.0K | $-21M | $60.0K | $91.0K | $-177.0K | $-36.0K | $27.0K | $-73.0K | $25.0K | $10.0K | |
| Net Income | $-7M | $-4M | $33M | $15M | $9M | $-2M | $-3M | $-5M | $528.0K | $-6M | $-7M | |
| EPS (Basic) | $-0.23 | $-0.13 | $1.15 | $0.52 | $0.36 | $-0.09 | $-0.12 | $-0.23 | $0.02 | $-0.35 | $-0.52 | |
| EPS (Diluted) | $-0.23 | $-0.13 | $1.12 | $0.50 | $0.34 | $-0.09 | $-0.12 | $-0.23 | $0.02 | $-0.35 | $-0.52 | |
| Shares (Basic) | 30,669,000 | 29,581,000 | 28,818,000 | 27,785,000 | 26,014,000 | 23,457,000 | 22,882,000 | 22,387 | 21,732 | 16,267 | 13,091,000 | |
| Shares (Diluted) | 30,669,000 | 29,581,000 | 29,617,000 | 29,215,000 | 27,774,000 | 23,457,000 | 22,882,000 | 22,387 | 22,782 | 16,267 | 13,091,000 | |
| EBITDA | $-14M | $-6M | $10M | $13M | $8M | $-4M | $-3M | $-5M | $915.0K | $-5M | · |
Balance Sheet 28
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $116M | $25M | $49M | $30M | $31M | $5M | $5M | $5M | $17M | $18M | $939.0K | |
| Short-term Investments | · | · | $0 | $18M | · | · | · | · | · | $0 | · | |
| Receivables | · | · | · | · | $13M | $5M | $4M | $5M | $3M | $4M | $522.0K | |
| Inventory | $41M | $42M | $37M | $24M | $15M | $9M | $8M | $9M | $9M | $7M | $7M | |
| Prepaid Expense | $9M | $8M | $1M | $621.0K | $613.0K | $551.0K | $512.0K | $686.0K | $703.0K | $961.0K | $254.0K | |
| Current Assets | $184M | $89M | $98M | $89M | $60M | $19M | $18M | $20M | $29M | $29M | $9M | |
| PP&E (Net) | $9M | $9M | $3M | $3M | $1M | $677.0K | $663.0K | $1M | $1M | $1M | $1M | |
| PP&E (Gross) | $16M | $14M | $8M | $10M | $8M | $8M | $7M | $8M | $8M | $7M | $7M | |
| Accum. Depreciation | $7M | $5M | $5M | $8M | $7M | $7M | $7M | $7M | $6M | $6M | $6M | |
| Goodwill | $11M | $11M | $0 | · | · | · | · | · | · | · | · | |
| Intangibles | $10M | $11M | $0 | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $305.0K | $546.0K | $304.0K | $231.0K | $201.0K | $198.0K | $153.0K | $228.0K | $296.0K | $95.0K | $94.0K | |
| Total Assets | $247M | $149M | $128M | $98M | $62M | $22M | $21M | $21M | $31M | $31M | $10M | |
| Accounts Payable | $7M | $7M | $5M | $9M | $4M | $3M | $945.0K | $2M | $2M | $3M | $1M | |
| Accrued Liabilities | · | · | $3M | $4M | $4M | $2M | $1M | $2M | $2M | $2M | $2M | |
| Current Liabilities | $18M | $16M | $11M | $16M | $11M | $9M | $4M | $6M | $11M | $8M | $5M | |
| Capital Leases | $9M | $10M | $6M | $6M | $212.0K | $1M | $2M | $0 | · | · | · | |
| Other Non-current Liabilities | $38.0K | $42.0K | $38.0K | · | $44.0K | $49.0K | $0 | · | · | · | · | |
| Total Liabilities | $27M | $26M | $16M | $23M | $11M | $10M | $7M | $6M | $12M | $14M | $11M | |
| Long-term Debt | · | · | · | · | · | $2M | $2M | $0 | $0 | $6M | $6M | |
| Total Debt | · | · | · | · | $0 | $2M | $2M | $0 | $6M | · | · | |
| Common Stock | $325.0K | $299.0K | $289.0K | $285.0K | $271.0K | $237.0K | $231.0K | $227.0K | $221.0K | $213.0K | $132.0K | |
| Paid-in Capital | $249M | $146M | $131M | $128M | $118M | $88M | · | · | · | · | · | |
| Retained Earnings | $-30M | $-23M | $-19M | $-52M | $-67M | $-76M | $-74M | $-71M | $-66M | $-67M | $-61M | |
| AOCI | $-105.0K | $-126.0K | $-158.0K | $-155.0K | $-105.0K | $-28.0K | $2M | $2M | $2M | $2M | $2M | |
| Stockholders' Equity | $220M | $123M | $112M | $76M | $51M | $11M | $14M | $15M | $19M | $17M | $-703.0K | |
| Liabilities + Equity | $247M | $149M | $128M | $98M | $62M | $22M | $21M | $21M | $31M | $31M | $10M | |
| Shares Outstanding | 32,480,000 | 29,877,000 | 28,995,000 | 28,539,000 | 27,120,000 | 23,725 | 23,107 | 22,669 | 22,143 | 21,340,000 | 13,216,000 |
Cash Flow 16
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $2M | $657.0K | $450.0K | $356.0K | $328.0K | $384.0K | $431.0K | $417.0K | $271.0K | $203.0K | |
| Stock-based Comp | $7M | $5M | $3M | $3M | $3M | $1M | $910.0K | $905.0K | $996.0K | $999.0K | $1M | |
| Amort. of Intangibles | $1M | $1M | · | · | · | · | · | · | · | · | · | |
| Restructuring | $6.0K | $864.0K | $0 | · | · | $0 | $220.0K | $725.0K | $0 | $0 | · | |
| Operating Cash Flow | $-3M | $-7M | $2M | $10M | $2M | $-3M | $-2M | $-6M | $-1M | $-4M | $-6M | |
| CapEx | $2M | $5M | $749.0K | $1M | $416.0K | $227.0K | $163.0K | $173.0K | $572.0K | $477.0K | $919.0K | |
| Investing Cash Flow | $-4M | $-16M | $17M | $-19M | $-416.0K | $-227.0K | $-163.0K | $-173.0K | $-572.0K | $-477.0K | $-919.0K | |
| Debt Issued | · | · | · | · | $0 | $0 | $2M | $0 | $0 | · | · | |
| Net Debt Issued | · | · | · | · | $0 | $0 | $2M | · | · | · | · | |
| Stock Issued | $2M | $1M | $2M | $3M | $4M | $580.0K | $503.0K | $559.0K | $925.0K | $704.0K | $512.0K | |
| Net Stock Activity | $2M | $1M | $2M | $3M | $4M | $580.0K | $503.0K | $559.0K | $925.0K | $704.0K | · | |
| Financing Cash Flow | $97M | $625.0K | $139.0K | $7M | $26M | $2M | $2M | $-6M | $925.0K | $22M | $3M | |
| Net Change in Cash | $90M | $-23M | $19M | $-1M | $27M | $-851.0K | $5.0K | $-11M | $-955.0K | $17M | $-5M | |
| Taxes Paid | $60.0K | $100.0K | $90.0K | $21.0K | $4.0K | $15.0K | $42.0K | $37.0K | $37.0K | $18.0K | · | |
| Free Cash Flow | $-5M | $-12M | $1M | $9M | $1M | $-3M | $-2M | $-6M | $-2M | $-5M | · | |
| Levered FCF | · | · | · | · | · | · | · | $-6M | $-2M | $-6M | · |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.3% | 40.6% | 49.1% | 50.4% | 46.6% | 36.3% | 37.5% | 36.1% | 41.9% | 35.9% | · | |
| Operating Margin | -28.3% | -9.6% | 15.2% | 20.6% | 15.3% | -25.2% | -12.4% | -23.8% | 3.1% | -26.1% | · | |
| Net Margin | -14.2% | -6.6% | 50.1% | 22.4% | 18.6% | -12.2% | -12.6% | -24.9% | 1.8% | -29.9% | · | |
| Pretax Margin | -23.5% | -7.3% | 18.8% | 22.5% | 18.8% | -13.3% | -12.4% | -24.7% | 1.5% | -29.8% | · | |
| EBITDA Margin | -28.3% | -9.6% | 15.2% | 20.6% | 15.3% | -25.2% | -12.4% | -23.8% | 3.1% | -26.1% | · | |
| ROA | -3.6% | -2.8% | 29.3% | 18.1% | 22.5% | -9.6% | -13.4% | -20.0% | 1.7% | -27.6% | · | |
| ROE | -4.1% | -3.2% | 33.5% | 20.2% | 19.9% | -18.2% | -19.0% | -30.1% | 2.9% | -70.2% | · | |
| ROIC | -3.9% | -4.2% | 24.0% | 17.6% | 15.4% | -29.3% | -17.8% | -32.5% | 4.2% | -29.4% | · |
Liquidity & Solvency 5
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 10.3 | 5.7 | 9.3 | 5.5 | 5.4 | 2.1 | 4.6 | 3.6 | 2.6 | 3.7 | · | |
| Quick Ratio | 6.5 | 1.6 | 4.7 | 1.8 | 4.0 | 1.1 | 2.4 | 1.9 | 1.8 | 2.8 | · | |
| Debt / Equity | · | · | · | · | 0.0 | 0.1 | 0.1 | 0.0 | 0.3 | · | · | |
| LT Debt / Equity | · | · | · | · | · | 0.0 | 0.1 | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | -19.8 | 2.3 | -7.3 | · |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.4 | 0.6 | 0.8 | 1.2 | 0.8 | 1.1 | 0.8 | 1.0 | 0.9 | · | |
| Inventory Turnover | 0.8 | 0.9 | 1.1 | 1.7 | 2.3 | 1.3 | 1.6 | 1.5 | 2.2 | 1.8 | · | |
| Receivables Turnover | · | · | · | · | 5.6 | 3.7 | 5.2 | 5.5 | 8.6 | 8.3 | · |
Growth Rates 5
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -15.2% | -10.9% | 1.9% | 27.8% | 206.2% | -25.5% | · | · | · | · | · | |
| Revenue CAGR 3Y | -8.4% | 5.1% | 58.6% | 42.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 24.7% | 21.5% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | 124.0% | 47.1% | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | 127.8% | 54.0% | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $50M | $59M | $66M | $65M | $51M | $17M | $22M | $21M | $30M | $19M | · | |
| Net Income TTM | $-7M | $-4M | $33M | $15M | $9M | $-2M | $-3M | $-5M | $528.0K | $-6M | · | |
| Market Cap | $3.00B | $285M | $334M | $942M | $227.3K | $53.4K | $38.1K | $39.7K | $58M | $98M | · | |
| Enterprise Value | · | · | · | · | $-31M | $-3M | $-4M | $-5M | $47M | · | · | |
| P/E | -401.4 | -73.4 | 10.3 | 66.0 | 24.6 | -25.0 | -13.8 | -7.6 | 130.0 | -13.1 | · | |
| P/S | 60.0 | 4.8 | 5.0 | 14.5 | 0.0 | 0.0 | 0.0 | 0.0 | 1.9 | 5.2 | · | |
| P/B | 13.7 | 2.3 | 3.0 | 12.5 | 0.0 | 0.0 | 0.0 | 0.0 | 3.0 | 5.8 | · | |
| P / Tangible Book | 15.1 | 2.8 | 3.0 | 12.5 | 0.0 | 0.0 | 0.0 | · | · | · | · | |
| P / Cash Flow | -906.0 | -38.5 | 190.1 | 94.1 | 0.2 | -0.0 | -0.0 | -0.0 | -42.6 | -21.7 | · | |
| P / FCF | -557.8 | -23.0 | 331.4 | 109.0 | 0.2 | -0.0 | -0.0 | -0.0 | -29.9 | -19.7 | · | |
| EV / EBITDA | · | · | · | · | -4.0 | 0.7 | 1.3 | 1.1 | 51.2 | · | · | |
| EV / FCF | · | · | · | · | -28.6 | 1.0 | 1.7 | 0.9 | -24.4 | · | · | |
| EV / Revenue | · | · | · | · | -0.6 | -0.2 | -0.2 | -0.3 | 1.6 | · | · | |
| Earnings Yield | -0.25% | -1.4% | 9.7% | 1.5% | 4.1% | -4.0% | -7.3% | -13.1% | 0.77% | -7.6% | · |
Income Statement 16
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q4 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19M | $10M | $10M | $14M | $18M | $13M | $8M | $21M | $21M | $22M | $17M | $15M | $11M | |
| Cost of Revenue | $11M | $7M | $7M | $10M | $11M | $8M | $4M | $10M | $11M | $11M | $8M | $7M | $6M | |
| Gross Profit | $8M | $3M | $3M | $4M | $7M | $5M | $3M | $11M | $10M | $11M | $9M | $8M | $4M | |
| R&D Expense | $4M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | |
| SG&A Expense | $6M | $4M | $4M | $4M | $5M | $5M | $3M | $4M | $3M | $4M | $3M | $3M | $3M | |
| Operating Expenses | $9M | $8M | $7M | $7M | $8M | $7M | $5M | $5M | $6M | $6M | $5M | $4M | $4M | |
| Operating Income | $-1M | $-4M | $-5M | $-3M | $-1M | $-2M | $-2M | $5M | $4M | $6M | $4M | $3M | $458.0K | |
| Other Non-op | $3.0K | $-12.0K | $10.0K | $-4.0K | $-25.0K | $40.0K | $-2.0K | $10.0K | $-6.0K | $-4.0K | $-18.0K | $-5.0K | $24.0K | |
| Pretax Income | $-455.0K | $-4M | $-4M | $-3M | $-874.0K | $-1M | $-1M | $6M | $5M | $6M | $4M | $4M | $603.0K | |
| Income Tax | $-2M | $-798.0K | $-1M | $-87.0K | $-231.0K | $-217.0K | $7.0K | $20.0K | $16.0K | $11.0K | $17.0K | $18.0K | $14.0K | |
| Net Income | $1M | $-3M | $-3M | $-3M | $-643.0K | $-1M | $-1M | $6M | $5M | $6M | $4M | $4M | $589.0K | |
| EPS (Basic) | $0.05 | $-0.10 | $-0.11 | $-0.10 | $-0.02 | $-0.03 | $-0.05 | $0.21 | $0.16 | $0.21 | $0.15 | $0.14 | $0.02 | |
| EPS (Diluted) | $0.05 | $-0.10 | $-0.11 | $-0.10 | $-0.02 | $-0.03 | $-0.05 | $0.20 | $0.16 | $0.21 | $0.14 | $0.13 | $0.02 | |
| Shares (Basic) | 404,000 | 215,000 | 30,177,000 | 81,000 | 117,000 | 29,659,000 | 28,866,000 | 28,801,000 | 28,649,000 | -27,377,579 | 27,893,000 | 27,579 | 27,242,000 | |
| Shares (Diluted) | 404,000 | 215,000 | 30,177,000 | 81,000 | 117,000 | 29,659,000 | 28,866,000 | 29,769,000 | 29,632,000 | -28,975,080 | 29,373,000 | 29,080 | 28,788,000 | |
| EBITDA | · | $-4M | $-5M | · | $-1M | $-2M | $-2M | $5M | $4M | · | $4M | $3M | $458.0K |
Balance Sheet 26
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q4 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $116M | $37M | $31M | $25M | $29M | $32M | $48M | $51M | $51M | · | $17M | $19M | $36M | |
| Short-term Investments | · | · | · | · | · | · | $0 | $0 | $0 | · | · | · | · | |
| Receivables | · | · | · | · | · | · | · | · | · | · | · | · | $5M | |
| Inventory | $41M | $41M | $43M | $42M | $42M | $44M | $38M | $34M | $32M | · | $22M | $18M | $17M | |
| Prepaid Expense | $9M | $6M | $4M | $8M | $8M | $5M | $1M | $3M | $540.0K | · | $808.0K | $823.0K | $833.0K | |
| Current Assets | $184M | $96M | $88M | $89M | $92M | $89M | $92M | $92M | $96M | · | $77M | $66M | $59M | |
| PP&E (Net) | $9M | $9M | $9M | $9M | $7M | $4M | $3M | $3M | $3M | · | $1M | $1M | $1M | |
| PP&E (Gross) | $16M | $16M | $15M | $14M | $12M | $10M | $11M | $11M | $11M | · | · | · | · | |
| Accum. Depreciation | $7M | $7M | $6M | $5M | $5M | $5M | $8M | $8M | $8M | · | · | · | · | |
| Goodwill | $11M | $11M | $11M | $11M | $11M | $11M | · | · | · | · | · | · | · | |
| Intangibles | $10M | $10M | $10M | $11M | $11M | $12M | · | · | · | · | · | · | · | |
| Other Non-current Assets | $305.0K | $331.0K | $348.0K | $546.0K | $453.0K | $3M | $234.0K | $238.0K | $222.0K | · | $241.0K | $184.0K | $187.0K | |
| Total Assets | $247M | $157M | $149M | $149M | $146M | $142M | $102M | $101M | $105M | · | $84M | $68M | $62M | |
| Accounts Payable | $7M | $2M | $4M | $7M | $7M | $5M | $5M | $4M | $8M | · | $5M | $4M | $3M | |
| Accrued Liabilities | · | · | · | · | · | $5M | $3M | $3M | $5M | · | $3M | $3M | $2M | |
| Current Liabilities | $18M | $9M | $8M | $16M | $16M | $12M | $9M | $8M | $19M | · | $9M | $11M | $10M | |
| Capital Leases | $9M | $9M | $10M | $10M | $5M | $6M | $6M | $6M | $6M | · | $6M | $65.0K | $73.0K | |
| Other Non-current Liabilities | $38.0K | $40.0K | $40.0K | $42.0K | $40.0K | $2M | · | · | · | · | · | · | $41.0K | |
| Total Liabilities | $27M | $18M | $18M | $26M | $21M | $19M | $15M | $14M | $25M | · | $16M | $11M | $10M | |
| Common Stock | $325.0K | $310.0K | $306.0K | $299.0K | $298.0K | $297.0K | $289.0K | $288.0K | $288.0K | · | $283.0K | $277.0K | $274.0K | |
| Paid-in Capital | $249M | $170M | $159M | $146M | $144M | $143M | $129M | $129M | $128M | · | · | · | · | |
| Retained Earnings | $-30M | $-32M | $-28M | $-23M | $-20M | $-20M | $-43M | $-42M | $-48M | · | $-58M | $-63M | $-66M | |
| AOCI | $-105.0K | $-84.0K | $-110.0K | $-126.0K | $-181.0K | $-191.0K | $-144.0K | $-134.0K | $-141.0K | $-155.0K | $-162.0K | $-155.0K | $-150.0K | |
| Stockholders' Equity | $220M | $139M | $131M | $123M | $124M | $123M | $86M | $87M | $80M | $76M | $69M | $57M | $52M | |
| Liabilities + Equity | $247M | $157M | $149M | $149M | $146M | $142M | $102M | $101M | $105M | · | $84M | $68M | $62M | |
| Shares Outstanding | 32,480,000 | 30,954,000 | 30,624,000 | 29,877,000 | 29,770,000 | 29,709,000 | 28,906,000 | 28,826 | 28,763,000 | · | 28,320,000 | 27,732,000 | 27,395,000 |
Cash Flow 12
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q4 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $689.0K | $677.0K | $690.0K | $739.0K | $620.0K | $606.0K | $186.0K | $194.0K | $138.0K | $113.0K | $112.0K | $136.0K | $104.0K | |
| Stock-based Comp | $2M | $1M | $2M | $1M | $2M | $1M | $584.0K | $450.0K | $522.0K | $653.0K | $592.0K | $793.0K | $710.0K | |
| Amort. of Intangibles | $300.0K | $300.0K | $300.0K | $300.0K | $400.0K | $300.0K | · | · | · | · | · | · | · | |
| Restructuring | $0 | $0 | $-213.0K | $864.0K | $0 | $0 | · | · | · | · | · | · | · | |
| Operating Cash Flow | $2M | $-4M | $-1M | $-2M | $-2M | $-6M | $-3M | $-2M | $4M | $6M | $-1M | $-195.0K | $5M | |
| CapEx | $134.0K | $74.0K | $467.0K | $3M | $2M | $321.0K | $263.0K | $356.0K | $284.0K | $1M | $79.0K | $15.0K | $84.0K | |
| Investing Cash Flow | $-134.0K | $-74.0K | $-2M | $-3M | $-2M | $-321.0K | $-263.0K | $18M | $18M | $7M | $-8M | $-18M | $-84.0K | |
| Stock Issued | $1M | $58.0K | $897.0K | $515.0K | $63.0K | $775.0K | $178.0K | $637.0K | $318.0K | $597.0K | $853.0K | $657.0K | $455.0K | |
| Net Stock Activity | · | · | · | · | · | · | · | · | $318.0K | · | · | · | $455.0K | |
| Financing Cash Flow | $78M | $10M | $10M | $251.0K | $-114.0K | $594.0K | $158.0K | $284.0K | $-694.0K | $184.0K | $7M | $620.0K | $-724.0K | |
| Net Change in Cash | $79M | $6M | $6M | $-5M | $-4M | $-6M | $-3M | $16M | $21M | $13M | $-2M | $-17M | $5M | |
| Free Cash Flow | · | · | · | · | · | · | · | · | $4M | · | · | · | $5M |
Profitability 8
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q4 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 32.7% | 25.8% | · | 39.2% | 40.1% | 41.7% | 51.1% | 48.4% | · | 51.6% | 53.4% | 42.0% | |
| Operating Margin | · | -41.0% | -47.0% | · | -6.1% | -11.2% | -27.1% | 25.5% | 20.0% | · | 22.0% | 23.5% | 4.3% | |
| Net Margin | · | -31.1% | -32.7% | · | -3.5% | -7.6% | -19.4% | 28.4% | 22.7% | · | 24.0% | 25.1% | 5.5% | |
| Pretax Margin | · | -38.8% | -45.0% | · | -4.8% | -9.2% | -19.4% | 28.5% | 22.7% | · | 24.1% | 25.3% | 5.7% | |
| EBITDA Margin | · | -41.0% | -47.0% | · | -6.1% | -11.2% | -27.1% | 25.5% | 20.0% | · | 22.0% | 23.5% | 4.3% | |
| ROA | · | · | -2.2% | · | · | · | -1.6% | 7.2% | 5.6% | · | 5.8% | · | 1.4% | |
| ROE | · | · | -2.5% | · | · | · | -1.9% | 8.5% | 7.1% | · | 7.3% | · | 1.8% | |
| ROIC | · | · | -2.6% | · | · | · | -2.4% | 6.2% | 5.1% | · | 5.5% | · | 0.87% |
Liquidity & Solvency 2
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q4 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | · | 10.6 | · | · | · | 10.1 | 11.5 | 5.0 | · | 8.2 | · | 6.0 | |
| Quick Ratio | · | · | 3.7 | · | · | · | 5.2 | 6.3 | 2.6 | · | 1.8 | · | 4.2 |
Efficiency 3
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q4 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | 0.1 | · | · | · | 0.1 | 0.3 | 0.2 | · | 0.2 | · | 0.2 | |
| Inventory Turnover | · | · | 0.2 | · | · | · | 0.1 | 0.4 | 0.4 | · | 0.5 | · | 0.5 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | · | 2.3 |
Valuation (TTM) 10
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q4 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $49M | $53M | · | · | $48M | · | · | $73M | · | · | · | $56M | |
| Net Income TTM | · | $-9M | $-7M | · | · | · | · | $21M | $16M | · | · | · | $9M | |
| Market Cap | · | · | $703M | · | · | · | $470M | $661.8K | $1.47B | · | $944M | · | $398M | |
| P/E | · | -124.8 | -99.9 | · | · | · | · | 32.8 | 91.1 | · | · | · | 44.1 | |
| P/S | · | · | 13.4 | · | · | · | · | · | 20.0 | · | · | · | 7.1 | |
| P/B | · | · | 5.4 | · | · | · | 5.4 | 0.0 | 18.3 | · | 13.8 | · | 7.7 | |
| P / Tangible Book | · | · | 6.4 | · | · | · | 5.4 | 0.0 | 18.3 | · | 13.8 | · | 7.7 | |
| P / Cash Flow | · | · | · | · | · | · | · | · | 376.1 | · | · | · | 72.9 | |
| P / FCF | · | · | · | · | · | · | · | · | 405.6 | · | · | · | 74.1 | |
| Earnings Yield | · | -0.80% | -1.0% | · | · | · | · | 3.0% | 1.1% | · | · | · | 2.3% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-05-29 | 2025-05-30 | 2024-05-31 | 2023-05-31 | 2022-05-31 | |
|---|---|---|---|---|---|
| Revenue | $50M | $59M | $66M | $65M | $51M |
| Gross Margin % | 35.3% | 40.6% | 49.1% | 50.4% | 46.6% |
| Operating Margin % | -28.3% | -9.6% | 15.2% | 20.6% | 15.3% |
| Net Income | $-7M | $-4M | $33M | $15M | $9M |
| Diluted EPS | $-0.23 | $-0.13 | $1.12 | $0.50 | $0.34 |
Balance Sheet
| 2026-05-29 | 2025-05-30 | 2024-05-31 | 2023-05-31 | 2022-05-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 0.0 |
| Current Ratio | 10.3 | 5.7 | 9.3 | 5.5 | 5.4 |
| Quick Ratio | 6.5 | 1.6 | 4.7 | 1.8 | 4.0 |
Cash Flow
| 2026-05-29 | 2025-05-30 | 2024-05-31 | 2023-05-31 | 2022-05-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-5M | $-12M | $1M | $9M | $1M |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 301 filers · $2.2B 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.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 109 (+37 vs prior Q) | 27 (+12 vs prior Q) | 86 (+26 vs prior Q) | 72 (+13 vs prior Q) | +3.9M |
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 |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $126,832,821 | 1,320,350 | 5.72% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $114,445,884 | 1,191,400 | 5.16% | Call option |
| D. E. Shaw & Co., Inc. | $113,103,061 | 1,177,421 | 5.10% | Shares |
| TWO SIGMA INVESTMENTS, LP | $111,872,821 | 1,164,614 | 5.04% | Shares |
| JANE STREET GROUP, LLC | $108,932,040 | 1,134,000 | 4.91% | Put option |
| FMR LLC | $96,678,819 | 1,006,442 | 4.36% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $92,857,264 | 966,659 | 4.19% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $76,982,484 | 801,400 | 3.47% | Put option |
| GEODE CAPITAL MANAGEMENT, LLC | $73,513,162 | 765,147 | 3.31% | Shares |
| GOLDMAN SACHS GROUP INC | $72,127,471 | 750,859 | 3.25% | Shares |
| CITADEL ADVISORS LLC | $71,372,580 | 743,000 | 3.22% | Put option |
| STATE STREET CORP | $68,483,672 | 712,926 | 3.09% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $60,884,173 | 633,814 | 2.74% | Shares |
| CITADEL ADVISORS LLC | $60,748,344 | 632,400 | 2.74% | Call option |
| JANE STREET GROUP, LLC | $56,806,330 | 591,363 | 2.56% | Shares |
| GRATIA CAPITAL, LLC | $55,282,530 | 575,500 | 2.49% | Call option |
| Caption Management, LLC | $46,973,340 | 489,000 | 2.12% | Call option |
| NEXT CENTURY GROWTH INVESTORS LLC | $39,454,819 | 410,731 | 1.78% | Shares |
| CITADEL ADVISORS LLC | $38,494,316 | 400,732 | 1.73% | Shares |
| AWM Investment Company, Inc. | $36,004,056 | 374,808 | 1.62% | Shares |
| JANE STREET GROUP, LLC | $34,840,962 | 362,700 | 1.57% | Call option |
| MORGAN STANLEY | $29,000,802 | 301,903 | 1.31% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $23,968,123 | 249,512 | 1.08% | Shares |
| Science & Technology Partners, L.P. | $23,918,940 | 249,000 | 1.08% | Shares |
| Driehaus Capital Management LLC | $22,902,817 | 238,422 | 1.03% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $20,449,349 | 212,881 | 0.92% | Shares |
| TUDOR INVESTMENT CORP ET AL | $19,649,073 | 204,550 | 0.89% | Shares |
| Trexquant Investment LP | $19,393,746 | 201,892 | 0.87% | Shares |
| BARD ASSOCIATES INC | $15,071,814 | 156,900 | 0.68% | Shares |
| KADENSA CAPITAL Ltd | $14,918,022 | 155,299 | 0.67% | Shares |
| Penn Capital Management Company, LLC | $14,475,863 | 150,547 | 0.65% | Shares |
| UBS Group AG | $14,409,000 | 150,000 | 0.65% | Call option |
| BNP PARIBAS FINANCIAL MARKETS | $13,987,489 | 145,612 | 0.63% | Shares |
| BERKSHIRE CAPITAL HOLDINGS INC | $13,701,998 | 142,640 | 0.62% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $13,260,795 | 138,047 | 0.60% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $12,920,070 | 134,500 | 0.58% | Shares |
| Kultura Capital Management LP | $11,322,112 | 117,865 | 0.51% | Shares |
| Point72 Asset Management, L.P. | $11,171,778 | 116,300 | 0.50% | Call option |
| PEAK6 LLC | $11,142,960 | 116,000 | 0.50% | Call option |
| WELLINGTON MANAGEMENT GROUP LLP | $10,971,973 | 114,220 | 0.49% | Shares |
| BANK OF AMERICA CORP /DE/ | $10,758,816 | 112,001 | 0.48% | Shares |
| NEUBERGER BERMAN GROUP LLC | $10,721,641 | 111,614 | 0.48% | Shares |
| MILLENNIUM MANAGEMENT LLC | $10,458,725 | 108,877 | 0.47% | Shares |
| Point72 Asset Management, L.P. | $9,951,816 | 103,600 | 0.45% | Put option |
| BARCLAYS PLC | $9,642,695 | 100,382 | 0.43% | Shares |
| GILDER GAGNON HOWE & CO LLC | $9,625,596 | 100,204 | 0.43% | Shares |
| D. E. Shaw & Co., Inc. | $8,683,824 | 90,400 | 0.39% | Put option |
| RICE HALL JAMES & ASSOCIATES, LLC | $8,409,669 | 87,546 | 0.38% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $8,068,752 | 83,997 | 0.36% | Shares |
| ALGERT GLOBAL LLC | $7,903,336 | 82,275 | 0.36% | Shares |
| Walleye Trading LLC | $7,559,922 | 78,700 | 0.34% | Put option |
| Cubist Systematic Strategies, LLC | $6,636,244 | 220,400 | 0.30% | Put option |
| OSAIC HOLDINGS, INC. | $6,560,594 | 68,298 | 0.30% | Shares |
| POLEN CAPITAL MANAGEMENT LLC | $6,355,041 | 66,157 | 0.29% | Shares |
| FRANKLIN RESOURCES INC | $6,073,682 | 63,228 | 0.27% | Shares |
| Evergreen Quality Fund GP, Ltd. | $5,992,223 | 62,380 | 0.27% | Shares |
| Pier Capital, LLC | $5,801,448 | 60,394 | 0.26% | Shares |
| Swiss National Bank | $5,753,994 | 59,900 | 0.26% | Shares |
| WOLVERINE TRADING, LLC | $5,532,765 | 181,700 | 0.25% | Call option |
| BlackRock, Inc. | $4,771,684 | 49,674 | 0.22% | Shares |
| Bouvel Investment Partners, LLC | $4,692,723 | 48,852 | 0.21% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $4,312,325 | 44,892 | 0.19% | Shares |
| Harvest Investment Services, LLC | $4,261,126 | 44,359 | 0.19% | Shares |
| Schonfeld Strategic Advisors LLC | $4,236,821 | 44,106 | 0.19% | Shares |
| BAILLIE GIFFORD & CO | $4,207,620 | 43,802 | 0.19% | Shares |
| Walleye Trading LLC | $3,957,672 | 41,200 | 0.18% | Call option |
| MARSHALL WACE, LLP | $3,938,748 | 41,003 | 0.18% | Shares |
| WOLVERINE TRADING, LLC | $3,885,420 | 127,600 | 0.18% | Put option |
| Cubist Systematic Strategies, LLC | $3,730,629 | 123,900 | 0.17% | Call option |
| RHUMBLINE ADVISERS | $3,730,479 | 38,835 | 0.17% | Shares |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | $3,515,796 | 36,600 | 0.16% | Shares |
| Informed Momentum Co LLC | $3,489,091 | 36,322 | 0.16% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $3,456,911 | 35,987 | 0.16% | Shares |
| CITIGROUP INC | $3,404,366 | 35,440 | 0.15% | Shares |
| Bank of New York Mellon Corp | $3,383,810 | 35,226 | 0.15% | Shares |
| SHARIAPORTFOLIO, INC. | $3,310,228 | 34,460 | 0.15% | Shares |
| D. E. Shaw & Co., Inc. | $3,227,616 | 33,600 | 0.15% | Call option |
| RAYMOND JAMES FINANCIAL INC | $3,179,394 | 33,098 | 0.14% | Shares |
| Nuveen, LLC | $3,169,500 | 32,995 | 0.14% | Shares |
| LPL Financial LLC | $3,115,226 | 32,430 | 0.14% | Shares |
| AMERIPRISE FINANCIAL INC | $3,061,144 | 31,867 | 0.14% | Shares |
| Havemeyer Place LP | $3,001,491 | 31,246 | 0.14% | Shares |
| UBS Group AG | $2,872,194 | 29,900 | 0.13% | Put option |
| WELLS FARGO & COMPANY/MN | $2,692,370 | 28,028 | 0.12% | Shares |
| Alphadyne Asset Management LP | $2,487,954 | 25,900 | 0.11% | Put option |
| Sand Hill Global Advisors, LLC | $2,468,742 | 25,700 | 0.11% | Shares |
| Quantinno Capital Management LP | $2,307,073 | 24,017 | 0.10% | Shares |
| JPMORGAN CHASE & CO | $2,105,789 | 22,220 | 0.09% | Shares |
| Capstone Capital Management Ltd | $2,100,544 | 21,867 | 0.09% | Shares |
| Engineers Gate Manager LP | $2,069,325 | 21,542 | 0.09% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,010,440 | 20,929 | 0.09% | Shares |
| KP Management LLC | $1,921,200 | 20,000 | 0.09% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $1,828,502 | 19,035 | 0.08% | Shares |
| TWO SIGMA ADVISERS, LP | $1,716,170 | 85,001 | 0.08% | Shares |
| Vanguard Global Advisers, LLC | $1,713,806 | 17,841 | 0.08% | Shares |
| BLAIR WILLIAM & CO/IL | $1,713,518 | 17,838 | 0.08% | Shares |
| MetLife Investment Management, LLC | $1,713,422 | 17,837 | 0.08% | Shares |
| LAUREL OAK WEALTH MANAGEMENT, LLC | $1,697,380 | 17,670 | 0.08% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $1,692,385 | 17,618 | 0.08% | Shares |
| GROUP ONE TRADING LLC | $1,659,052 | 17,271 | 0.07% | Shares |
Company insiders 29 insiders · 13 officers · 6 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Chris Siu | CFO | July 13, 2026 F | 77,824 | 0 | 0 | $0 |
| Kenneth B. Spink | VP OF FINANCE & CFO | July 16, 2019 A | 38,287 | 0 | 0 | $0 |
| Gary L Larson | VP OF FINANCE & CFO | Aug. 17, 2015 S | 142,763 | 0 | 0 | $0 |
| Kunio Sano | President of Aehr Test Japan | May 17, 2019 M | 0 | 0 | 0 | $0 |
| Vernon Rogers | Exec VP of Sales & Mktg. | Aug. 17, 2026 S | 186,232 | 0 | 8 | $-3,322,835 |
| Donald P. Richmond II | CTO | July 27, 2026 F | 186,567 | 0 | 2 | $-2,326,644 |
| Didier Wimmers | Executive VP of R&D | July 1, 2026 A | 12,696 | 0 | 2 | $-385,723 |
| David Fucci | VP OF OPERATIONS | July 16, 2019 A | 4,767 | 0 | 0 | $0 |
| David S Hendrickson | CHIEF TECHNOLOGY OFFICER | July 16, 2019 A | 20,351 | 0 | 0 | $0 |
| Mark D. Allison | VP of Wordwide Sales | Aug. 17, 2018 A | 13,882 | 0 | 0 | $0 |
| Larry Anderson | VP OF WORLDWIDE SALES | April 1, 2013 J | 13,000 | 0 | 0 | $0 |
| Gregory M Perkins | VP, WORLD WIDE SALES & SERVICE | June 29, 2010 A | 0 | 0 | 0 | $0 |
| Joel Bustos | VP-OPERATIONS | June 30, 2009 A | 768 | 0 | 0 | $0 |
| Fariba Danesh | Director | July 1, 2026 A | 14,801 | 0 | 5 | $-1,629,744 |
| Mario M Rosati | Director | Jan. 18, 2019 M | 3,701 | 0 | 0 | $0 |
| John M. Schneider | Director | Oct. 23, 2018 A | 2,945 | 0 | 0 | $0 |
| William W R Elder | Director | Oct. 23, 2018 A | 15,759 | 0 | 0 | $0 |
| Robert R Anderson | Director | Oct. 24, 2017 M | 762,075 | 0 | 0 | $0 |
| PATEL MUKESH | Director | Nov. 24, 2014 P | 455,676 | 0 | 0 | $0 |
| Adil Engineer | — | Aug. 14, 2026 G | 46,477 | 0 | 6 | $-3,104,774 |
| Howard T Slayen | — | Aug. 14, 2026 S | 140,667 | 0 | 4 | $-5,203,651 |
| POSEDEL RHEA J | — | Aug. 14, 2026 S | 381,989 | 0 | 10 | $-9,549,213 |
| Alberto Salamone | — | Aug. 13, 2026 S | 41,962 | 0 | 4 | $-3,997,230 |
| Geoffrey Gates Scott | — | Aug. 12, 2026 S | 10,000 | 0 | 7 | $-12,306,050 |
| Laura Oliphant | — | Aug. 12, 2026 S | 16,100 | 0 | 9 | $-1,115,390 |
| Gayn Erickson | — | Aug. 12, 2026 S | 157,723 | 0 | 4 | $-16,020,209 |
| Alistair N Sporck | — | Aug. 10, 2026 S | 22,547 | 0 | 8 | $-878,606 |
| Carl N Buck | — | April 30, 2019 M | 0 | 0 | 0 | $0 |
| Carl J Meurell | — | Feb. 5, 2004 M | 1,189 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 17 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 | April 28, 2017 | — | Initial filing | — | SEC |
| Undisclosed reporting person | April 28, 2017 | — | Initial filing | — | SEC |
| Undisclosed reporting person | April 28, 2017 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 28, 2017 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Feb. 8, 2017 | — | Initial filing | — | SEC |
| PWA Real Estate, LLC, Dharma Group Insurance Company, John M. Schneider, Private Wealth Advisors 401k PSP FBO John Schneider ×3 filings | Feb. 8, 2017 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Feb. 7, 2017 | — | Initial filing | — | SEC |
| Undisclosed reporting person | Feb. 13, 2015 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Dec. 15, 2014 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Dec. 8, 2014 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Private Wealth Adv 401K PSP FBO John M. Schneider, John Schneider custodian FBO Alexandria Schneider UTMA PA until Age 21, John Schneider custodian FBO Helena Schneider UTMA PA until Age 21, John Schneider custodian FBO Beatrice Schneider UTMA PA until Age 21, John Schneider custodian FBO Ava Schneider UTMA PA until Age 21, Undisclosed reporting person, Carla Frank, Undisclosed reporting person, John M. Schneider | Dec. 4, 2014 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person | June 12, 2008 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 21, 2008 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | April 5, 2007 | — | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Feb. 13, 2007 | — | Initial filing | Passive investment | 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 36 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 |
|---|---|---|---|---|
| PTF · Invesco Exchange-Traded Fund Trust | 3.68% | 210,083 SH | Aug. 21, 2026 | Daily |
| DWAS · Invesco Exchange-Traded Fund Trust … | 1.26% | 52,183 SH | Aug. 21, 2026 | Daily |
| IWO · iShares Trust | 0.20% | 285,018 SH | Aug. 21, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.17% | 32,827 SH | Aug. 19, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.15% | 31,486 SH | Aug. 19, 2026 | Daily |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.15% | 1,567 NS | May 31, 2026 | N-PORT |
| IETC · iShares U.S. ETF Trust | 0.13% | 8,501 SH | Aug. 21, 2026 | Daily |
| IWM · iShares Trust | 0.10% | 781,866 SH | Aug. 21, 2026 | Daily |
| ISCG · iShares Trust | 0.10% | 9,392 SH | Aug. 21, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.09% | 176,215 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.08% | 12,631 NS | April 30, 2026 | N-PORT |
| RB · ProShares Trust | 0.07% | 9 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.07% | 1,378 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.06% | 16,552 SH | Aug. 21, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.06% | 138,405 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.05% | 1,355 SH | Aug. 21, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.05% | 5,298 NS | May 31, 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 0.04% | 709,529 SH | Aug. 19, 2026 | Daily |
| UWM · ProShares Trust | 0.04% | 1,078 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.03% | 338,951 SH | Aug. 19, 2026 | Daily |
| URTY · ProShares Trust | 0.03% | 1,089 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.03% | 1,788 SH | Aug. 21, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.02% | 26,499 NS | April 30, 2026 | N-PORT |
| IGM · iShares Trust | 0.01% | 13,917 SH | Aug. 21, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 1,105 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 27 NS | May 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.01% | 12,049 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 40,919 SH | Aug. 21, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 6,917 SH | Aug. 21, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 16,000 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.00% | 3,729 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 2,455 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 3,844 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 951,202 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,505 SH | Aug. 19, 2026 | Daily |
| SMMV · iShares Trust | — | 1,698 SH | Aug. 19, 2026 | Daily |