AEHR Aehr Test Systems - Common Stock
NASDAQ · Semiconductors · View on SEC EDGAR ↗ 10-K/10-Q Jul 27, 2026
$63.47
· of 52w range
· above low
· to high
$18.7052w low
$147.4052w high
Market Cap (MRQ)
$2.06B
P/E (TTM)
-276.0
EPS (TTM)
$-0.23
Revenue (TTM)
$50M
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52W Range
$19–$147
Analyst Rating
BUY
Price Target
$128
P/E
-276.0
ROE
-4.2%
Net Profit Margin
-14.3%
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AEHR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$63.47
Market Cap (MRQ)
$2.06B
P/E (TTM)
-276.0
EPS (TTM)
$-0.23
Revenue (TTM)
$50M
ROE (TTM)
-4.2%
52W Range
$19–$147
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$50M2017-05-31 → 2026-05-29
EPS$-0.232017-05-31 → 2026-05-29
Free Cash Flow$-5M2017-05-31 → 2026-05-29
Net margin-14.3%2017-05-31 → 2026-05-29
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | AEHR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -276.05Y avg ≈-74.8 | ≈-74.8 | · | · | |
| P/S (TTM) | 41.25Y avg ≈16.9 | ≈16.9 | 6.8 | Overvalued | |
| P/B (MRQ) | 9.45Y avg ≈6.3 | ≈6.3 | 5.4 | Overvalued | |
| Price / FCF (TTM) | -383.55Y avg ≈-28.1 | ≈-28.1 | · | · | |
| Price / Cash Flow (TTM) | -622.85Y avg ≈-132.0 | ≈-132.0 | · | · | |
| Price / Tangible Book (MRQ) | 9.85Y avg ≈6.7 | ≈6.7 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | AEHR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 35.3%5Y avg ≈44.4% | ≈44.4% | 38.7% | Weak | |
| Operating Margin (TTM) | -28.3%5Y avg ≈2.6% | ≈2.6% | 7.2% | Weak | |
| EBITDA Margin | -28.3%5Y avg ≈2.6% | ≈2.6% | 7.2% | Weak | |
| Pretax Margin (TTM) | -23.5%5Y avg ≈5.9% | ≈5.9% | 7.1% | Weak | |
| Net Profit Margin (TTM) | -14.3%5Y avg ≈14.0% | ≈14.0% | 6.5% | Weak | |
| ROA (TTM) | -3.6%5Y avg ≈12.7% | ≈12.7% | -1.9% | Below avg | |
| ROE (TTM) | -4.2%5Y avg ≈13.3% | ≈13.3% | -2.1% | Below avg | |
| ROIC | -3.9%5Y avg ≈9.8% | ≈9.8% | -2.1% | Below avg |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | AEHR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 10.35Y avg ≈7.2 | ≈7.2 | 4.3 | Strong liquidity | |
| Quick Ratio | 6.55Y avg ≈3.7 | ≈3.7 | 2.8 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | AEHR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | -15.2%5Y avg ≈42.0% | ≈42.0% | · | · | |
| Revenue CAGR 3Y | -8.4%5Y avg ≈24.5% | ≈24.5% | · | · | |
| Revenue CAGR 5Y | 24.7% | · | · | · | |
| EPS YoY | 124.0% | · | · | · | |
| Net Income YoY | 127.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | AEHR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.35Y avg ≈0.7 | ≈0.7 | 0.6 | Weak | |
| Inventory Turnover | 0.85Y avg ≈1.3 | ≈1.3 | 2.0 | Weak | |
| Revenue / Employee | ≈$362.3K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
32.3%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | $0.11 | $-0.01 | — | |
| March 31, 2026 | $-0.05 | $-0.07 | 30.0% | |
| Dec. 31, 2025 | $-0.04 | $-0.04 | -7.0% | |
| Sept. 30, 2025 | $0.01 | $0.00 | — | |
| June 30, 2025 | $-0.01 | $-0.02 | 34.6% | |
| March 31, 2025 | $0.07 | $0.04 | 71.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| 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
| 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
| 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
| 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
| 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
| 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 | · |
Per Share
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $6.76 | $4.11 | $3.85 | $2.65 | $1880.13 | $482.57 | $609.21 | $682.52 | $0.87 | $0.79 | · | |
| Revenue / Share | $1.63 | $1.99 | $2.24 | $2.22 | $1.83 | $707.68 | $974.17 | $940.55 | $1.30 | $1.16 | · | |
| Cash Flow / Share | $-0.11 | $-0.25 | $0.06 | $0.34 | $0.05 | $-115.15 | $-88.45 | $-251.80 | $-0.06 | $-0.28 | · | |
| Cash / Share | $3.58 | $0.82 | $1.70 | $1.05 | $1160.91 | $193.13 | $235.12 | $239.45 | $0.76 | $0.83 | · | |
| EPS (TTM) | $-0.23 | $-0.13 | $1.12 | $0.50 | $0.34 | $-0.09 | $-0.12 | $-0.23 | $0.02 | $-0.35 | · |
Growth Rates
| 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)
| 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
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q1 2025 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19M | $10M | $10M | $14M | $18M | $13M | $13M | $30M | $8M | $21M | $22M | $17M | $15M | $11M | |
| Cost of Revenue | $11M | $7M | $7M | $10M | $11M | $8M | $6M | $14M | $4M | $11M | $11M | $8M | $7M | $6M | |
| Gross Profit | $8M | $3M | $3M | $4M | $7M | $5M | $7M | $15M | $3M | $10M | $11M | $9M | $8M | $4M | |
| R&D Expense | $4M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | |
| SG&A Expense | $6M | $4M | $4M | $4M | $5M | $5M | $5M | $4M | $3M | $3M | $4M | $3M | $3M | $3M | |
| Operating Expenses | $9M | $8M | $7M | $7M | $8M | $7M | $7M | $7M | $5M | $6M | $6M | $5M | $4M | $4M | |
| Operating Income | $-1M | $-4M | $-5M | $-3M | $-1M | $-2M | $159.0K | $9M | $-2M | $4M | $6M | $4M | $3M | $458.0K | |
| Other Non-op | $3.0K | $-12.0K | $10.0K | $-4.0K | $-25.0K | $40.0K | $-26.0K | $-14.0K | $-2.0K | $-6.0K | $-4.0K | $-18.0K | $-5.0K | $24.0K | |
| Pretax Income | $-455.0K | $-4M | $-4M | $-3M | $-874.0K | $-1M | $814.0K | $9M | $-1M | $5M | $6M | $4M | $4M | $603.0K | |
| Income Tax | $-2M | $-798.0K | $-1M | $-87.0K | $-231.0K | $-217.0K | $154.0K | $-21M | $7.0K | $16.0K | $11.0K | $17.0K | $18.0K | $14.0K | |
| Net Income | $1M | $-3M | $-3M | $-3M | $-643.0K | $-1M | $660.0K | $30M | $-1M | $5M | $6M | $4M | $4M | $589.0K | |
| EPS (Basic) | $0.05 | $-0.10 | $-0.11 | $-0.10 | $-0.02 | $-0.03 | $0.02 | $1.04 | $-0.05 | $0.16 | $0.21 | $0.15 | $0.14 | $0.02 | |
| EPS (Diluted) | $0.05 | $-0.10 | $-0.11 | $-0.10 | $-0.02 | $-0.03 | $0.02 | $1.02 | $-0.05 | $0.16 | $0.21 | $0.14 | $0.13 | $0.02 | |
| Shares (Basic) | · | 30,695,000 | 30,177,000 | · | 29,733,000 | 29,659,000 | 29,107,000 | · | 28,866,000 | 28,649,000 | · | 27,893,000 | 27,579 | 27,242,000 | |
| Shares (Diluted) | · | 30,695,000 | 30,177,000 | · | 29,733,000 | 29,659,000 | 29,632,000 | · | 28,866,000 | 29,632,000 | · | 29,373,000 | 29,080 | 28,788,000 | |
| EBITDA | · | $-4M | $-5M | · | $-1M | $-2M | $159.0K | · | $-2M | $4M | · | $4M | $3M | $458.0K |
Balance Sheet
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q1 2025 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $116M | $37M | $31M | $25M | $29M | $32M | $38M | $49M | $48M | $51M | · | $17M | $19M | $36M | |
| Short-term Investments | · | · | · | · | · | · | · | · | $0 | $0 | · | · | · | · | |
| Receivables | · | · | · | · | · | · | · | · | · | · | · | · | · | $5M | |
| Inventory | $41M | $41M | $43M | $42M | $42M | $44M | $43M | $37M | $38M | $32M | · | $22M | $18M | $17M | |
| Prepaid Expense | $9M | $6M | $4M | $8M | $8M | $5M | $4M | $1M | $1M | $540.0K | · | $808.0K | $823.0K | $833.0K | |
| Current Assets | $184M | $96M | $88M | $89M | $92M | $89M | $93M | $98M | $92M | $96M | · | $77M | $66M | $59M | |
| PP&E (Net) | $9M | $9M | $9M | $9M | $7M | $4M | $4M | $3M | $3M | $3M | · | $1M | $1M | $1M | |
| PP&E (Gross) | $16M | $16M | $15M | $14M | $12M | $10M | $9M | $8M | $11M | $11M | · | · | · | · | |
| Accum. Depreciation | $7M | $7M | $6M | $5M | $5M | $5M | $5M | $5M | $8M | $8M | · | · | · | · | |
| Goodwill | $11M | $11M | $11M | $11M | $11M | $11M | $10M | $0 | · | · | · | · | · | · | |
| Intangibles | $10M | $10M | $10M | $11M | $11M | $12M | $12M | $0 | · | · | · | · | · | · | |
| Other Non-current Assets | $305.0K | $331.0K | $348.0K | $546.0K | $453.0K | $3M | $3M | $304.0K | $234.0K | $222.0K | · | $241.0K | $184.0K | $187.0K | |
| Total Assets | $247M | $157M | $149M | $149M | $146M | $142M | $146M | $128M | $102M | $105M | · | $84M | $68M | $62M | |
| Accounts Payable | $7M | $2M | $4M | $7M | $7M | $5M | $6M | $5M | $5M | $8M | · | $5M | $4M | $3M | |
| Accrued Liabilities | · | · | · | · | · | $5M | $5M | · | $3M | $5M | · | $3M | $3M | $2M | |
| Current Liabilities | $18M | $9M | $8M | $16M | $16M | $12M | $15M | $11M | $9M | $19M | · | $9M | $11M | $10M | |
| Capital Leases | $9M | $9M | $10M | $10M | $5M | $6M | $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 | $23M | $16M | $15M | $25M | · | $16M | $11M | $10M | |
| Common Stock | $325.0K | $310.0K | $306.0K | $299.0K | $298.0K | $297.0K | $295.0K | $289.0K | $289.0K | $288.0K | · | $283.0K | $277.0K | $274.0K | |
| Paid-in Capital | $249M | $170M | $159M | $146M | $144M | $143M | $141M | $131M | $129M | $128M | · | · | · | · | |
| Retained Earnings | $-30M | $-32M | $-28M | $-23M | $-20M | $-20M | $-18M | $-19M | $-43M | $-48M | · | $-58M | $-63M | $-66M | |
| AOCI | $-105.0K | $-84.0K | $-110.0K | $-126.0K | $-181.0K | $-191.0K | $-134.0K | $-158.0K | $-144.0K | $-141.0K | $-155.0K | $-162.0K | $-155.0K | $-150.0K | |
| Stockholders' Equity | $220M | $139M | $131M | $123M | $124M | $123M | $122M | $112M | $86M | $80M | $76M | $69M | $57M | $52M | |
| Liabilities + Equity | $247M | $157M | $149M | $149M | $146M | $142M | $146M | $128M | $102M | $105M | · | $84M | $68M | $62M | |
| Shares Outstanding | 32,480,000 | 30,954,000 | 30,624,000 | 29,877,000 | 29,770,000 | 29,709,000 | 29,584,000 | 28,995,000 | 28,906,000 | 28,763,000 | · | 28,320,000 | 27,732,000 | 27,395,000 |
Cash Flow
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q1 2025 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $689.0K | $677.0K | $690.0K | $739.0K | $620.0K | $606.0K | $347.0K | $188.0K | $186.0K | $138.0K | $113.0K | $112.0K | $136.0K | $104.0K | |
| Stock-based Comp | $2M | $1M | $2M | $1M | $2M | $1M | $870.0K | $774.0K | $584.0K | $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 | $100.0K | · | · | · | · | · | · | · | |
| Restructuring | $0 | $0 | $-213.0K | $864.0K | $0 | $0 | $0 | · | · | · | · | · | · | · | |
| Operating Cash Flow | $2M | $-4M | $-1M | $-2M | $-2M | $-6M | $2M | $1M | $-3M | $4M | $6M | $-1M | $-195.0K | $5M | |
| CapEx | $134.0K | $74.0K | $467.0K | $3M | $2M | $321.0K | $197.0K | $46.0K | $263.0K | $284.0K | $1M | $79.0K | $15.0K | $84.0K | |
| Investing Cash Flow | $-134.0K | $-74.0K | $-2M | $-3M | $-2M | $-321.0K | $-11M | $-46.0K | $-263.0K | $18M | $7M | $-8M | $-18M | $-84.0K | |
| Stock Issued | $1M | $58.0K | $897.0K | $515.0K | $63.0K | $775.0K | $56.0K | $537.0K | $178.0K | $318.0K | $597.0K | $853.0K | $657.0K | $455.0K | |
| Net Stock Activity | · | · | · | · | · | · | $56.0K | · | · | $318.0K | · | · | · | $455.0K | |
| Financing Cash Flow | $78M | $10M | $10M | $251.0K | $-114.0K | $594.0K | $-106.0K | $421.0K | $158.0K | $-694.0K | $184.0K | $7M | $620.0K | $-724.0K | |
| Net Change in Cash | $79M | $6M | $6M | $-5M | $-4M | $-6M | $-9M | $2M | $-3M | $21M | $13M | $-2M | $-17M | $5M | |
| Free Cash Flow | · | · | · | · | · | · | $2M | · | · | $4M | · | · | · | $5M |
Profitability
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q1 2025 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 32.7% | 25.8% | · | 39.2% | 40.1% | 53.9% | · | 41.7% | 48.4% | · | 51.6% | 53.4% | 42.0% | |
| Operating Margin | · | -41.0% | -47.0% | · | -6.1% | -11.2% | 1.2% | · | -27.1% | 20.0% | · | 22.0% | 23.5% | 4.3% | |
| Net Margin | · | -31.1% | -32.7% | · | -3.5% | -7.6% | 5.0% | · | -19.4% | 22.7% | · | 24.0% | 25.1% | 5.5% | |
| Pretax Margin | · | -38.8% | -45.0% | · | -4.8% | -9.2% | 6.2% | · | -19.4% | 22.7% | · | 24.1% | 25.3% | 5.7% | |
| EBITDA Margin | · | -41.0% | -47.0% | · | -6.1% | -11.2% | 1.2% | · | -27.1% | 20.0% | · | 22.0% | 23.5% | 4.3% | |
| ROA | · | · | -2.2% | · | · | · | 0.53% | · | -1.6% | 5.6% | · | 5.8% | · | 1.4% | |
| ROE | · | · | -2.5% | · | · | · | 0.65% | · | -1.9% | 7.1% | · | 7.3% | · | 1.8% | |
| ROIC | · | · | -2.6% | · | · | · | 0.11% | · | -2.4% | 5.1% | · | 5.5% | · | 0.87% |
Liquidity & Solvency
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q1 2025 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | · | 10.6 | · | · | · | 6.0 | · | 10.1 | 5.0 | · | 8.2 | · | 6.0 | |
| Quick Ratio | · | · | 3.7 | · | · | · | 2.5 | · | 5.2 | 2.6 | · | 1.8 | · | 4.2 |
Efficiency
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q1 2025 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | 0.1 | · | · | · | 0.1 | · | 0.1 | 0.2 | · | 0.2 | · | 0.2 | |
| Inventory Turnover | · | · | 0.2 | · | · | · | 0.2 | · | 0.1 | 0.4 | · | 0.5 | · | 0.5 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | · | · | 2.3 |
Per Share
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q1 2025 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | · | · | $4.27 | · | · | · | $4.14 | · | $2.99 | $2.79 | · | $2.42 | · | $1.88 | |
| Revenue / Share | · | $0.34 | $0.33 | · | $0.62 | $0.45 | $0.44 | · | $0.26 | $0.70 | · | $0.59 | $0.51 | $0.37 | |
| Cash Flow / Share | · | · | · | · | · | · | $0.08 | · | · | $0.13 | · | · | · | $0.19 | |
| Cash / Share | · | · | $1.01 | · | · | · | $1.28 | · | $1.65 | $1.77 | · | $0.61 | · | $1.32 | |
| EPS (TTM) | · | · | $-0.30 | · | · | · | · | · | · | $0.64 | · | · | · | $0.33 |
Valuation (TTM)
| Metric | Trend | Q4 2026 | Q1 2026 | Q2 2026 | Q4 2025 | Q3 2025 | Q2 2024 | Q1 2025 | Q4 2024 | Q3 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2022 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | · | $53M | · | · | $48M | · | · | · | · | · | · | · | $56M | |
| Net Income TTM | · | · | $-9M | · | · | · | · | · | · | $19M | · | · | · | $9M | |
| Market Cap | · | · | $703M | · | · | · | $450M | · | $470M | $1.47B | · | $944M | · | $398M | |
| P/E | · | · | -76.6 | · | · | · | · | · | · | 79.7 | · | · | · | 44.1 | |
| P/S | · | · | 13.2 | · | · | · | · | · | · | · | · | · | · | 7.1 | |
| P/B | · | · | 5.4 | · | · | · | 3.7 | · | 5.4 | 18.3 | · | 13.8 | · | 7.7 | |
| P / Tangible Book | · | · | 6.4 | · | · | · | 4.5 | · | 5.4 | 18.3 | · | 13.8 | · | 7.7 | |
| P / Cash Flow | · | · | · | · | · | · | 189.1 | · | · | 376.1 | · | · | · | 72.9 | |
| Earnings Yield | · | · | -1.3% | · | · | · | · | · | · | 1.2% | · | · | · | 2.3% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 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 |
| Metric | 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 |
| Metric | 2026-05-29 | 2025-05-30 | 2024-05-31 | 2023-05-31 | 2022-05-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-5M | $-12M | $1M | $9M | $1M |
Institutional owners (13F) 307 filers · $2.8B total · As of Sept. 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.
Holders
307
Value held
$2.8B
New positions
109
Exited positions
27
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 109 (+37 vs prior Q) | 27 (+12 vs prior Q) | 85 (+22 vs prior Q) | 76 (+19 vs prior Q) | +3.7M |
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 |
|---|---|---|---|---|
| BlackRock, Inc. | $255,475,603 | 2,659,542 | 9.03% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $126,832,821 | 1,320,350 | 4.48% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $114,445,884 | 1,191,400 | 4.04% | Call option |
| D. E. Shaw & Co., Inc. | $113,103,061 | 1,177,421 | 4.00% | Shares |
| TWO SIGMA INVESTMENTS, LP | $111,872,821 | 1,164,614 | 3.95% | Shares |
| JANE STREET GROUP, LLC | $108,932,040 | 1,134,000 | 3.85% | Put option |
| FMR LLC | $96,716,092 | 1,006,830 | 3.42% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $92,857,264 | 966,659 | 3.28% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $84,114,151 | 875,505 | 2.97% | Shares |
| GOLDMAN SACHS GROUP INC | $77,812,014 | 810,036 | 2.75% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $76,982,484 | 801,400 | 2.72% | Put option |
| JANE STREET GROUP, LLC | $72,383,420 | 753,523 | 2.56% | Shares |
| CITADEL ADVISORS LLC | $71,372,580 | 743,000 | 2.52% | Put option |
| JPMORGAN CHASE & CO | $69,554,167 | 732,547 | 2.46% | Shares |
| STATE STREET CORP | $68,483,672 | 712,926 | 2.42% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $64,433,014 | 670,758 | 2.28% | Shares |
| CITADEL ADVISORS LLC | $60,748,344 | 632,400 | 2.15% | Call option |
| GRATIA CAPITAL, LLC | $55,282,530 | 575,500 | 1.95% | Call option |
| VANGUARD GROUP INC | $47,192,772 | 2,337,433 | 1.67% | Shares |
| Caption Management, LLC | $46,973,340 | 489,000 | 1.66% | Call option |
| MORGAN STANLEY | $46,147,288 | 480,400 | 1.63% | Shares |
| NEXT CENTURY GROWTH INVESTORS LLC | $39,454,819 | 410,731 | 1.39% | Shares |
| CITADEL ADVISORS LLC | $38,494,316 | 400,732 | 1.36% | Shares |
| MARSHALL WACE, LLP | $36,765,812 | 382,738 | 1.30% | Shares |
| AWM Investment Company, Inc. | $36,004,056 | 374,808 | 1.27% | Shares |
| JANE STREET GROUP, LLC | $34,840,962 | 362,700 | 1.23% | Call option |
| Invesco Ltd. | $28,455,470 | 296,226 | 1.01% | Shares |
| NORTHERN TRUST CORP | $26,610,540 | 277,020 | 0.94% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $23,968,123 | 249,512 | 0.85% | Shares |
| Science & Technology Partners, L.P. | $23,918,940 | 249,000 | 0.85% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $22,905,795 | 238,453 | 0.81% | Shares |
| Driehaus Capital Management LLC | $22,902,817 | 238,422 | 0.81% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $20,449,349 | 212,881 | 0.72% | Shares |
| TUDOR INVESTMENT CORP ET AL | $19,649,073 | 204,550 | 0.69% | Shares |
| BAILLIE GIFFORD & CO | $19,584,520 | 203,878 | 0.69% | Shares |
| Trexquant Investment LP | $19,393,746 | 201,892 | 0.69% | Shares |
| UBS Group AG | $16,245,956 | 169,123 | 0.57% | Shares |
| NEUBERGER BERMAN GROUP LLC | $16,105,804 | 167,664 | 0.57% | Shares |
| BARD ASSOCIATES INC | $15,071,814 | 156,900 | 0.53% | Shares |
| KADENSA CAPITAL Ltd | $14,918,022 | 155,299 | 0.53% | Shares |
| Penn Capital Management Company, LLC | $14,475,863 | 150,547 | 0.51% | Shares |
| UBS Group AG | $14,409,000 | 150,000 | 0.51% | Call option |
| BNP PARIBAS FINANCIAL MARKETS | $13,987,489 | 145,612 | 0.49% | Shares |
| BERKSHIRE CAPITAL HOLDINGS INC | $13,701,998 | 142,640 | 0.48% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $13,260,795 | 138,047 | 0.47% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $12,920,070 | 134,500 | 0.46% | Shares |
| BANK OF AMERICA CORP /DE/ | $11,628,639 | 121,056 | 0.41% | Shares |
| Kultura Capital Management LP | $11,322,112 | 117,865 | 0.40% | Shares |
| Point72 Asset Management, L.P. | $11,171,778 | 116,300 | 0.39% | Call option |
| PEAK6 LLC | $11,142,960 | 116,000 | 0.39% | Call option |
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 |
| 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, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Feb. 8, 2017 | · | Initial filing | · | 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 |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Nov. 22, 2006 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person, Undisclosed reporting person | March 16, 2006 | · | 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.
Company insiders 31 insiders · 17 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Gayn Erickson | President and CEO | Oct. 27, 2026 F | 190,257 | 0 | 4 | $-16,020,209 |
| Chris Siu | CFO | Oct. 12, 2026 F | 74,983 | 0 | 2 | $-221,608 |
| Kenneth B. Spink | VP of Finance and CFO | July 17, 2023 M | 0 | 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 | Feb. 12, 2020 M | 0 | 0 | 0 | $0 |
| Adil Engineer | Chief Operating Officer | Oct. 27, 2026 F | 45,740 | 0 | 6 | $-3,104,774 |
| Alistair N Sporck | VP Contactor Business Unit | Oct. 27, 2026 F | 21,665 | 0 | 8 | $-878,606 |
| Vernon Rogers | Exec VP of Sales & Mktg. | Oct. 27, 2026 F | 186,682 | 0 | 8 | $-3,322,835 |
| Donald P. Richmond II | CTO | Oct. 27, 2026 F | 186,583 | 0 | 2 | $-2,326,644 |
| Alberto Salamone | EVP, PPBI BUSINESS | Oct. 2, 2026 F | 42,873 | 0 | 4 | $-3,997,230 |
| Didier Wimmers | Executive VP of R&D | Oct. 1, 2026 F | 13,636 | 0 | 2 | $-385,723 |
| Avijit K. Ray-Chaudhuri | Executive VP of R&D | Oct. 27, 2024 F | 28,318 | 0 | 0 | $0 |
| David S Hendrickson | Former CTO | July 17, 2023 S | 84,783 | 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 |
| POSEDEL RHEA J | Director | Oct. 20, 2026 M | 65,156 | 0 | 10 | $-9,549,213 |
| Fariba Danesh | Director | July 1, 2026 A | 14,801 | 0 | 3 | $-1,406,610 |
| Mario M Rosati | Director | June 6, 2023 S | 0 | 0 | 0 | $0 |
| John M. Schneider | Director | July 14, 2020 A | 371,442 | 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 |
| Howard T Slayen | · | Aug. 14, 2026 S | 140,667 | 0 | 5 | $-5,917,805 |
| Geoffrey Gates Scott | · | Aug. 12, 2026 S | 10,000 | 0 | 10 | $-15,026,950 |
| Laura Oliphant | · | Aug. 12, 2026 S | 16,100 | 0 | 9 | $-1,115,390 |
| Michael A. Brannan | · | Jan. 26, 2022 S | 0 | 0 | 0 | $0 |
| David Fucci | · | Sept. 2, 2020 M | 1,488 | 0 | 0 | $0 |
| 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
ETF ownership Held by 27 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 | 1.64% | 169,254 SH | Oct. 23, 2026 | Daily |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.95% | 65,917 SH | Oct. 23, 2026 | Daily |
| IWO · iShares Trust | 0.19% | 288,543 SH | Sept. 11, 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… | 0.12% | 1,931 NS | Aug. 31, 2026 | N-PORT |
| IETC · iShares U.S. ETF Trust | 0.11% | 8,369 SH | Sept. 11, 2026 | Daily |
| IWM · iShares Trust | 0.09% | 784,231 SH | Sept. 11, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 8,067 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.09% | 9,422 SH | Sept. 11, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.09% | 176,215 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.08% | 14,658 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.05% | 13,860 SH | Sept. 11, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.04% | 709,529 SH | Aug. 19, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.03% | 338,951 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.03% | 1,806 SH | Sept. 11, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.01% | 26,499 NS | July 31, 2026 | N-PORT |
| IGM · iShares Trust | 0.01% | 13,895 SH | Sept. 11, 2026 | Daily |
| FTEC · FIDELITY COVINGTON TRUST | 0.01% | 12,318 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 40,791 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 6,973 SH | Sept. 11, 2026 | Daily |
| TILT · FlexShares Trust | 0.00% | 474 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 2,455 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 3,844 NS | July 31, 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 |
| ISCB · iShares Trust | · | 1,355 SH | Sept. 11, 2026 | Daily |
AEHR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 12 analysts
BUY
Median target
$120.00
+89.1%
5 41.7%
Strong Buy
6 50.0%
Buy
1 8.3%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
5 analysts · 2026-10-27Mean target $128.00 +101.7%
← Below all targets
Current price $63.47
Low$110.00
Mean$128.00
High$175.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| 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% |
| ACMR | · | 28.8 | 15.2% | 10.4% | 7.9% | 44.4% |
| ACLS | $2.47B | 21.1 | -17.6% | 14.3% | 11.7% | 44.9% |
| VECO | $1.73B | 48.4 | -7.4% | 5.3% | 4.1% | 40.0% |
| COHU | $1.17B | -14.8 | 12.7% | -16.4% | -9.2% | · |
| UCTT | $1.18B | -6.5 | -2.1% | -8.8% | -22.9% | 15.7% |
| 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% |
| ICHR | $653M | -12.3 | 11.6% | -5.6% | -7.8% | 9.3% |
| ASYS | $133M | -4.4 | -21.6% | -38.2% | -44.7% | 34.0% |
Latest News Recent headlines mentioning this company
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Source: SEC 10-K filed Jul 27, 2026