AI C3.ai, Inc. Class A Common Stock
$10.19
Price · Aug 24, 2026
Fundamentals as of Jun 24, 2026
52W Range
$8–$20
20% of range
Analyst Rating
HOLD
22 analysts
Price Target
$9
P/E (TTM)
-3.0
ROE
-66.0%
Net Profit Margin
-187.9%
About C3.ai, Inc. Class A Common Stock Company overview from Wikipedia
C3.ai is an American information technology company specializing in enterprise artificial intelligence. Based in Redwood City, California, the company was founded in 2009 by Thomas Siebel and became a public company in 2020 on the New York Stock Exchange.
Read more
C3.ai (stylized as C3 AI) is an American information technology company specializing in enterprise artificial intelligence. Based in Redwood City, California, the company was founded in 2009 by Thomas Siebel and became a public company in 2020 on the New York Stock Exchange.
On September 3, 2025 C3 AI announced that Stephen Ehikian, former acting administrator of the General Services Administration, had been appointed chief executive officer (CEO) effective September 1, with Siebel continuing as executive chairman.
History
C3 AI was founded in 2009 by Thomas Siebel as "C3". Originally the "C" in the company's name was a reference to "carbon" and the "3" was a reference to "measure, mitigate and monetize" because the company's original goal was to help manage corporate carbon footprints.
For some time in 2016 the company was named C3IoT and before that was briefly named C3 Energy.
IPO
C3 AI held its initial public offering (IPO) on 9 December 2020, listing its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol AI. The company priced its 15.5 million shares at US $42.00 per share, expecting to raise approximately US $651 million in gross proceeds.
Concurrently, Spring Creek Capital (affiliated with Koch Industries) and Microsoft purchased US $100 million and US $50 million, respectively, in a private placement at the IPO price.
The offering was led by Morgan Stanley, J.P. Morgan, and BofA Securities as lead underwriters, with Deutsche Bank Securities, Canaccord Genuity, JMP Securities, KeyBanc Capital Markets, Needham & Company, and Piper Sandler serving as co-managers.
On November 25, 2020, prior to the IPO, the company executed a 6-for-1 reverse stock split of its common and preferred stock.
C3 AI implemented a dual-class share structure in which Class A common stock had one vote per share, while Class B common stock had 50 votes per share. Following the IPO, CEO Tom Siebel and related entities controlled the voting power of all Class B common stock, and approximately 33.29% of outstanding capital stock, controlling approximately 71.96% of the voting power. As of April 30, 2025, Siebel and related entities owned approximately 87.8% of Class B common stock and approximately 19.4% of outstanding Class A common stock, controlling approximately 52.4% of voting power.
C3 AI's shares more than doubled on their first day of trading, closing at US$92.49 on 9 December 2020 at a market capitalization of US$8.9 billion. Several days later, the stock reached its all-time high close of US$177.47 on 22 December 2020, and the following day it touched an intraday high of US$183.9. Since then the shares prices have fallen and as of June 2024 they were nearly 74% below their first day of trading. In February 2026 shares of C3 AI were trading at US$10.40.
Following their IPO C3 AI faced market skepticism and criticism, including that Siebel liquidated shares worth hundreds of millions of dollars in the months after the IPO.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
AI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$10.19
Market Cap
$1.51B
P/E (TTM)
-3.0
EPS (TTM)
$-3.35
Revenue (TTM)
$250M
Div Yield
—
ROE
-66.0%
Debt/Equity
—
52W Range
$8 – $20
AI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$250M
2019-04-30
→
2026-04-30
EPS
$-3.35
2022-04-30
→
2026-04-30
Free Cash Flow
$-192M
2021-04-30
→
2026-04-30
Margins
-187.9%
2021-04-30
→
2026-04-30
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
AI
Peer Median
P/E (TTM)
-3.0
55.7
P/S (TTM)
6.0
3.2
P/B
2.3
4.9
Price / FCF
-7.8
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
AI
Peer Median
Gross Margin
30.9%
69.9%
Operating Margin
-199.2%
—
Net Profit Margin
-187.9%
-3.2%
ROA
-51.1%
-2.0%
ROE
-66.0%
-13.2%
ROIC
-76.4%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
AI
Peer Median
Current Ratio
6.6
1.7
Quick Ratio
6.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
AI
Peer Median
Revenue YoY
-35.7%
—
Revenue CAGR 3Y
-2.1%
—
Revenue CAGR 5Y
6.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
AI
Peer Median
AI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
22 analysts
- Strong Buy 1 4.5%
- Buy 0 0.0%
- Hold 9 40.9%
- Sell 8 36.4%
- Strong Sell 4 18.2%
12-Month Price Target
11 analysts · 2026-08-23
Median
$8.00
Mean
$8.82
Now
$10.19
Low
$6.00
High
$15.00
Median target
$8.00
-21.5%
Mean target
$8.82
-13.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.02%
Next Report
Sep 02, 2026
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Dec. 31, 2026 | $-0.33 | $-0.38 | — |
| June 30, 2026 | $-0.33 | $-0.38 | 0.05% |
| March 31, 2026 | $-0.40 | $-0.30 | -0.10% |
| Dec. 31, 2025 | $-0.25 | $-0.34 | 0.09% |
| Sept. 30, 2025 | $-0.37 | $-0.20 | -0.17% |
| June 30, 2025 | $-0.16 | $-0.21 | 0.05% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| AI | $1.31B | -2.6 | -35.7% | -187.9% | -66.0% | 30.9% |
| EVCM | $2.16B | 121.1 | 4.8% | 3.0% | 2.4% | — |
| CXM | — | 70.9 | 7.6% | 2.7% | 4.0% | 67.4% |
| AMPL | — | -17.3 | 14.7% | -25.8% | -33.7% | 74.0% |
| APPS | $347M | -8.7 | 15.2% | -6.7% | -21.8% | 56.9% |
| PLTR | $425.03B | 282.1 | 56.2% | 36.3% | 26.2% | 82.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $250M | $389M | $311M | $267M | $253M | $183M | $157M | |
| Cost of Revenue | $173M | $153M | $132M | $86M | $64M | $45M | $39M | |
| Gross Profit | $77M | $236M | $179M | $180M | $189M | $139M | $118M | |
| R&D Expense | $229M | $226M | $201M | $211M | $151M | $69M | $65M | |
| SG&A Expense | $99M | $94M | $81M | $77M | $61M | $33M | $30M | |
| Operating Expenses | $576M | $560M | $497M | $471M | $385M | $199M | $189M | |
| Operating Income | $-498M | $-324M | $-318M | $-290M | $-196M | $-60M | $-71M | |
| Interest Income | $28M | $36M | $40M | $22M | $2M | $1M | $4M | |
| Other Non-op | $504.0K | $509.0K | $-641.0K | $350.0K | $3M | $4M | $-2M | |
| Pretax Income | $-470M | $-288M | $-279M | $-268M | $-191M | $-55M | $-69M | |
| Income Tax | $822.0K | $976.0K | $792.0K | $675.0K | $789.0K | $704.0K | $380.0K | |
| Net Income | $-470M | $-289M | $-280M | $-269M | $-192M | $-56M | $-69M | |
| EPS (Basic) | $-3.35 | $-2.24 | $-2.34 | $-2.45 | $-1.84 | · | · | |
| EPS (Diluted) | $-3.35 | $-2.24 | $-2.34 | $-2.45 | $-1.84 | · | · | |
| Shares (Basic) | 140,513,000 | 129,089,000 | 119,362,000 | 109,851,000 | 104,404,000 | · | · | |
| Shares (Diluted) | 140,513,000 | 129,089,000 | 119,362,000 | 109,851,000 | 104,404,000 | · | · | |
| EBITDA | $-485M | $-312M | $-306M | $-284M | $-191M | $-56M | · |
Balance Sheet 22
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $66M | $164M | $167M | $285M | $340M | $115M | $33M | |
| Short-term Investments | $509M | $578M | $583M | $446M | $621M | $978M | $212M | |
| Receivables | $101M | $137M | $130M | $135M | $80M | $65M | $31M | |
| Prepaid Expense | $32M | $24M | $24M | $23M | $20M | $14M | $5M | |
| Current Assets | $708M | $904M | $904M | $889M | $1.06B | $1.17B | $281M | |
| PP&E (Net) | $67M | $79M | $89M | $85M | $15M | $6M | $9M | |
| PP&E (Gross) | $104M | $105M | $103M | $89M | $24M | $12M | $11M | |
| Accum. Depreciation | $37M | $26M | $15M | $4M | $9M | $5M | $2M | |
| Goodwill | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | |
| Other Non-current Assets | $41M | $42M | $45M | $48M | $63M | $17M | $14M | |
| Total Assets | $816M | $1.03B | $1.04B | $1.10B | $1.17B | $1.20B | $305M | |
| Accounts Payable | $6M | $15M | $11M | $25M | $54M | $12M | $5M | |
| Accrued Liabilities | $18M | $26M | $10M | $17M | $15M | $18M | $9M | |
| Current Liabilities | $107M | $132M | $102M | $136M | $150M | $124M | $81M | |
| Capital Leases | $53M | $55M | $56M | $37M | $27M | $2M | $6M | |
| Other Non-current Liabilities | $54M | $56M | $61M | $37M | $31M | $8M | $6M | |
| Total Liabilities | $163M | $188M | $165M | $173M | $181M | $135M | $94M | |
| Retained Earnings | $-1.85B | $-1.38B | $-1.09B | $-810M | $-541M | $-349M | $-294M | |
| AOCI | $-50.0K | $521.0K | $-563.0K | $-385.0K | $-2M | $81.0K | $424.0K | |
| Stockholders' Equity | $654M | $838M | $873M | $930M | $989M | $1.06B | $-183M | |
| Liabilities + Equity | $816M | $1.03B | $1.04B | $1.10B | $1.17B | $1.20B | $305M | |
| Shares Outstanding | 148,008,000 | 133,938,000 | 123,706,000 | 113,943,000 | 106,225,000 | 102,167,000 | 31,210,000 |
Cash Flow 15
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| D&A | $14M | $13M | $13M | $6M | $5M | $4M | $1M | |
| Stock-based Comp | $264M | $231M | $216M | $217M | $113M | $22M | $8M | |
| Deferred Tax | $0 | $33.0K | $0 | $0 | $0 | $0 | $0 | |
| Restructuring | $11M | $0 | $0 | · | · | · | · | |
| Other Non-cash | $3M | $4M | $-11M | $-69M | $-13M | $-8M | · | |
| Operating Cash Flow | $-190M | $-41M | $-62M | $-116M | $-86M | $-38M | $-61M | |
| CapEx | $2M | $3M | $25M | $71M | $4M | $2M | $2M | |
| Investing Cash Flow | $75M | $16M | $-67M | $60M | $317M | $-767M | $-124M | |
| Stock Issued | $9M | $11M | $11M | $3M | $0 | $0 | $44M | |
| Stock Repurchased | · | · | $0 | $0 | $15M | $0 | $0 | |
| Net Stock Activity | $9M | $11M | $11M | $3M | $-15M | $0 | · | |
| Financing Cash Flow | $17M | $22M | $11M | $621.0K | $6M | $887M | $120M | |
| Net Change in Cash | $-98M | $-3M | $-118M | $-55M | $236M | $83M | $-66M | |
| Taxes Paid | $838.0K | $920.0K | $975.0K | $578.0K | $939.0K | $550.0K | $660.0K | |
| Free Cash Flow | $-192M | $-44M | $-88M | $-186M | $-90M | $-39M | · |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.9% | 60.6% | 57.5% | 67.6% | 74.8% | 75.7% | · | |
| Operating Margin | -199.2% | -83.4% | -102.5% | -108.9% | -77.6% | -32.9% | · | |
| Net Margin | -187.9% | -74.2% | -90.1% | -100.8% | -76.0% | -30.4% | · | |
| Pretax Margin | -187.6% | -74.0% | -89.8% | -100.5% | -75.7% | -30.0% | · | |
| EBITDA Margin | -193.8% | -80.2% | -98.4% | -106.6% | -75.5% | -30.5% | · | |
| ROA | -51.1% | -28.0% | -26.1% | -23.6% | -16.2% | -7.4% | · | |
| ROE | -66.0% | -34.0% | -31.6% | -28.6% | -19.1% | -5.2% | · | |
| ROIC | -76.4% | -38.8% | -36.5% | -31.3% | -19.9% | -5.8% | · |
Liquidity & Solvency 2
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.6 | 6.9 | 8.8 | 6.5 | 7.1 | 9.4 | · | |
| Quick Ratio | 6.3 | 6.7 | 8.6 | 6.4 | 6.9 | 9.3 | · |
Efficiency 2
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | · | |
| Receivables Turnover | 2.1 | 2.9 | 2.3 | 2.5 | 3.5 | 3.8 | · |
Growth Rates 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -35.7% | 25.3% | 16.4% | 5.5% | 38.0% | 17.0% | · | |
| Revenue CAGR 3Y | -2.1% | 15.5% | 19.2% | 19.4% | · | · | · | |
| Revenue CAGR 5Y | 6.4% | 20.0% | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $250M | $389M | $311M | $267M | $253M | $183M | · | |
| Net Income TTM | $-470M | $-289M | $-280M | $-269M | $-192M | $-56M | · | |
| Market Cap | $1.31B | $2.95B | $2.79B | $2.03B | $1.80B | $232M | · | |
| P/E | -2.6 | -9.8 | -9.6 | -7.3 | -9.2 | · | · | |
| P/S | 5.2 | 7.6 | 9.0 | 7.6 | 7.1 | 1.3 | · | |
| P/B | 2.0 | 3.5 | 3.2 | 2.2 | 1.8 | 0.2 | · | |
| P / Tangible Book | 2.0 | 3.5 | 3.2 | 2.2 | 1.8 | 0.2 | · | |
| P / Cash Flow | -6.9 | -71.2 | -44.7 | -17.6 | -20.9 | -6.2 | · | |
| P / FCF | -6.8 | -66.3 | -31.8 | -10.9 | -20.0 | -5.9 | · | |
| Earnings Yield | -37.9% | -10.2% | -10.4% | -13.8% | -10.8% | · | · |
Income Statement 17
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $52M | $53M | $75M | $70M | $109M | $99M | $94M | $87M | $87M | $78M | $73M | $72M | $72M | $67M | $62M | $65M | |
| Cost of Revenue | $40M | $44M | $45M | $44M | $41M | $40M | $36M | $35M | $35M | $33M | $32M | $32M | $25M | $22M | $21M | $18M | |
| Gross Profit | $11M | $9M | $30M | $26M | $68M | $58M | $58M | $52M | $52M | $45M | $41M | $41M | $48M | $44M | $42M | $47M | |
| R&D Expense | $47M | $59M | $58M | $65M | $58M | $59M | $56M | $53M | $51M | $49M | $50M | $51M | $50M | $55M | $50M | $56M | |
| SG&A Expense | $25M | $24M | $26M | $24M | $27M | $25M | $22M | $20M | $20M | $21M | $20M | $20M | $19M | $18M | $19M | $21M | |
| Operating Expenses | $132M | $150M | $142M | $151M | $156M | $146M | $133M | $125M | $134M | $128M | $121M | $115M | $121M | $116M | $114M | $120M | |
| Operating Income | $-121M | $-140M | $-112M | $-125M | $-89M | $-88M | $-75M | $-73M | $-82M | $-83M | $-79M | $-74M | $-73M | $-72M | $-72M | $-73M | |
| Interest Income | $6M | $7M | $8M | $8M | $8M | $9M | $10M | $10M | $9M | $10M | $10M | $10M | $8M | $7M | $4M | $3M | |
| Other Non-op | $-290.0K | $519.0K | $143.0K | $132.0K | $1M | $-957.0K | $13.0K | $28.0K | $-173.0K | $409.0K | $-638.0K | $-239.0K | $284.0K | $2M | $-945.0K | $-1M | |
| Pretax Income | $-115M | $-133M | $-104M | $-116M | $-80M | $-80M | $-66M | $-63M | $-73M | $-72M | $-70M | $-64M | $-65M | $-63M | $-69M | $-72M | |
| Income Tax | $111.0K | $174.0K | $237.0K | $300.0K | $111.0K | $336.0K | $257.0K | $272.0K | $-71.0K | $489.0K | $226.0K | $148.0K | $190.0K | $143.0K | $163.0K | $179.0K | |
| Net Income | $-116M | $-133M | $-105M | $-117M | $-80M | $-80M | $-66M | $-63M | $-73M | $-73M | $-70M | $-64M | $-65M | $-63M | $-69M | $-72M | |
| EPS (Basic) | $-0.80 | $-0.94 | $-0.75 | $-0.86 | $-0.60 | $-0.62 | $-0.52 | $-0.50 | $-0.59 | $-0.60 | $-0.59 | $-0.56 | $-0.58 | $-0.57 | $-0.63 | $-0.67 | |
| EPS (Diluted) | $-0.80 | $-0.94 | $-0.75 | $-0.86 | $-0.60 | $-0.62 | $-0.52 | $-0.50 | $-0.59 | $-0.60 | $-0.59 | $-0.56 | $-0.58 | $-0.57 | $-0.63 | $-0.67 | |
| Shares (Basic) | -275,501,000 | 141,969,000 | 138,670,000 | 135,375,000 | -254,142,000 | 130,382,000 | 127,870,000 | 124,979,000 | -235,461,000 | 120,486,000 | 118,656,000 | 115,681,000 | -216,602,000 | 110,735,000 | 108,876,000 | 106,842,000 | |
| Shares (Diluted) | -275,501,000 | 141,969,000 | 138,670,000 | 135,375,000 | -254,142,000 | 130,382,000 | 127,870,000 | 124,979,000 | -235,461,000 | 120,486,000 | 118,656,000 | 115,681,000 | -216,602,000 | 110,735,000 | 108,876,000 | 106,842,000 | |
| EBITDA | · | $-140M | $-112M | $-121M | · | $-88M | $-75M | $-69M | · | $-83M | $-79M | $-71M | · | $-72M | $-72M | $-72M |
Balance Sheet 22
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $66M | $89M | $103M | $81M | $164M | $125M | $121M | $134M | $167M | $115M | $149M | $206M | $285M | $311M | $278M | $222M | |
| Short-term Investments | $509M | $533M | $572M | $631M | $578M | $599M | $609M | $629M | $583M | $609M | $613M | $544M | · | $461M | $562M | $685M | |
| Receivables | $101M | $124M | $136M | $114M | $137M | $180M | $160M | $140M | $130M | $173M | $143M | $123M | · | $144M | $95M | $81M | |
| Prepaid Expense | $32M | $37M | $35M | $25M | $24M | $26M | $27M | $24M | $24M | $29M | $26M | $21M | · | $30M | $25M | $18M | |
| Current Assets | $708M | $783M | $846M | $851M | $904M | $931M | $918M | $926M | $904M | $926M | $931M | $895M | · | $947M | $960M | $1.01B | |
| PP&E (Net) | $67M | $71M | $74M | $77M | $79M | $82M | $84M | $86M | $89M | $91M | $93M | $89M | · | $75M | $62M | $39M | |
| PP&E (Gross) | $104M | $107M | $106M | $106M | $105M | $106M | $105M | $104M | $103M | $104M | $103M | $96M | · | $87M | $73M | $49M | |
| Accum. Depreciation | $37M | $36M | $32M | $29M | $26M | $24M | $21M | $18M | $15M | $13M | $10M | $7M | · | $12M | $11M | $10M | |
| Goodwill | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | $625.0K | · | $625.0K | $625.0K | $625.0K | |
| Other Non-current Assets | $41M | $42M | $41M | $40M | $42M | $42M | $44M | $44M | $45M | $46M | $47M | $47M | · | $56M | $60M | $60M | |
| Total Assets | $816M | $896M | $961M | $969M | $1.03B | $1.06B | $1.05B | $1.06B | $1.04B | $1.06B | $1.07B | $1.09B | · | $1.10B | $1.10B | $1.14B | |
| Accounts Payable | $6M | $18M | $36M | $12M | $15M | $29M | $21M | $32M | $11M | $20M | $26M | $27M | · | $20M | $31M | $41M | |
| Accrued Liabilities | $18M | $17M | $14M | $25M | $26M | $28M | $24M | $13M | $10M | $12M | $10M | $10M | · | $25M | $20M | $18M | |
| Current Liabilities | $107M | $119M | $131M | $111M | $132M | $138M | $122M | $118M | $102M | $109M | $114M | $111M | · | $124M | $119M | $131M | |
| Capital Leases | $53M | · | · | · | $55M | · | · | · | $56M | $47M | · | $2M | · | $24M | $3M | $26M | |
| Other Non-current Liabilities | $54M | $55M | $56M | $58M | $56M | $57M | $65M | $64M | $61M | $55M | $46M | $46M | · | $24M | $29M | $27M | |
| Total Liabilities | $163M | $176M | $189M | $170M | $188M | $195M | $187M | $183M | $165M | $166M | $160M | $157M | · | $148M | $147M | $158M | |
| Retained Earnings | $-1.85B | $-1.73B | $-1.60B | $-1.50B | $-1.38B | $-1.30B | $-1.22B | $-1.15B | $-1.09B | $-1.02B | $-944M | $-875M | · | $-745M | $-682M | $-613M | |
| AOCI | $-50.0K | $883.0K | $783.0K | $-74.0K | $521.0K | $292.0K | $521.0K | $281.0K | $-563.0K | $430.0K | $-775.0K | $-758.0K | · | $-1M | $-3M | $-2M | |
| Stockholders' Equity | $654M | $719M | $772M | $799M | $838M | $860M | $859M | $875M | $873M | $898M | $911M | $932M | $930M | $947M | $953M | $979M | |
| Liabilities + Equity | $816M | $896M | $961M | $969M | $1.03B | $1.06B | $1.05B | $1.06B | $1.04B | $1.06B | $1.07B | $1.09B | · | $1.10B | $1.10B | $1.14B | |
| Shares Outstanding | 148,008,000 | 144,182,000 | 140,181,000 | 136,861,000 | 133,938,000 | 132,355,000 | 128,781,000 | 126,205,000 | 123,706,000 | 121,627,000 | 119,653,000 | 117,925,000 | 113,943,000 | 112,009,000 | 110,101,000 | 108,344,000 |
Cash Flow 11
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $844.0K | $952.0K | $1M | |
| Stock-based Comp | $54M | $76M | $69M | $65M | $57M | $63M | $57M | $55M | $57M | $55M | $53M | $51M | $48M | $56M | $56M | $57M | |
| Other Non-cash | · | · | · | $15M | · | · | · | $13M | · | · | · | $14M | · | · | · | $-24M | |
| Operating Cash Flow | $-54M | $-56M | $-46M | $-34M | $11M | $-22M | $-39M | $8M | $21M | $-39M | $-49M | $4M | $27M | $-52M | $-53M | $-38M | |
| CapEx | $323.0K | $439.0K | $386.0K | $760.0K | $938.0K | $362.0K | $815.0K | $924.0K | $3M | $6M | $5M | $11M | $11M | $20M | $24M | $16M | |
| Investing Cash Flow | $24M | $40M | $62M | $-51M | $23M | $12M | $23M | $-42M | $26M | $4M | $-12M | $-85M | $-56M | $86M | $111M | $-80M | |
| Stock Issued | $4M | $0 | · | · | $6M | $0 | · | · | $6M | $0 | · | · | $3M | $0 | · | · | |
| Financing Cash Flow | $8M | $1M | $7M | $1M | $5M | $13M | $4M | $182.0K | $5M | $505.0K | $3M | $2M | $3M | $-858.0K | $-3M | $1M | |
| Net Change in Cash | $-23M | $-14M | $22M | $-83M | $39M | $4M | $-13M | $-33M | $53M | $-34M | $-57M | $-78M | $-26M | $33M | $56M | $-118M | |
| Taxes Paid | $-11.0K | $200.0K | $197.0K | $452.0K | $177.0K | $209.0K | $242.0K | $292.0K | $215.0K | $479.0K | $131.0K | $150.0K | $359.0K | $83.0K | $70.0K | $66.0K | |
| Free Cash Flow | · | · | · | $-34M | · | · | · | $7M | · | · | · | $-7M | · | · | · | $-54M |
Profitability 8
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | 17.3% | 40.4% | 37.6% | · | 59.1% | 61.3% | 59.8% | · | 57.8% | 56.1% | 56.0% | · | 66.6% | 66.8% | 71.8% | |
| Operating Margin | · | -263.6% | -149.2% | -177.7% | · | -88.7% | -79.8% | -83.2% | · | -105.3% | -108.4% | -102.4% | · | -108.0% | -115.3% | -112.1% | |
| Net Margin | · | -250.4% | -139.3% | -166.2% | · | -81.2% | -69.9% | -72.0% | · | -92.6% | -95.3% | -88.9% | · | -94.7% | -110.3% | -110.0% | |
| Pretax Margin | · | -250.1% | -139.0% | -165.8% | · | -80.8% | -69.7% | -71.7% | · | -92.0% | -95.0% | -88.7% | · | -94.5% | -110.1% | -109.8% | |
| EBITDA Margin | · | -263.6% | -149.2% | -172.8% | · | -88.7% | -79.8% | -79.7% | · | -105.3% | -108.4% | -98.2% | · | -108.0% | -115.3% | -109.9% | |
| ROA | · | -13.7% | -10.4% | -11.5% | · | -7.6% | -6.2% | -5.9% | · | -6.7% | -6.4% | -5.8% | · | -5.5% | -6.1% | -6.2% | |
| ROE | · | -16.9% | -12.8% | -14.0% | · | -9.1% | -7.4% | -7.0% | · | -7.9% | -7.5% | -6.7% | · | -6.4% | -7.0% | -7.1% | |
| ROIC | · | -19.5% | -14.6% | -15.7% | · | -10.2% | -8.8% | -8.3% | · | -9.2% | -8.7% | -8.0% | · | -7.6% | -7.6% | -7.5% |
Liquidity & Solvency 2
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 6.6 | 6.5 | 7.6 | · | 6.7 | 7.5 | 7.9 | · | 8.5 | 8.2 | 8.1 | · | 7.7 | 8.1 | 7.7 | |
| Quick Ratio | · | 6.3 | 6.2 | 7.4 | · | 6.6 | 7.3 | 7.7 | · | 8.2 | 7.9 | 7.9 | · | 7.4 | 7.9 | 7.5 |
Efficiency 2
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | |
| Receivables Turnover | · | 0.4 | 0.5 | 0.6 | · | 0.6 | 0.6 | 0.7 | · | 0.5 | 0.6 | 0.7 | · | 0.6 | 1.0 | 1.0 |
Valuation (TTM) 10
| Metric | Trend | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | · | $297M | $339M | $351M | · | $359M | $333M | $311M | · | $291M | $275M | $267M | · | $264M | $256M | $246M | |
| Net Income TTM | · | $-435M | $-368M | $-326M | · | $-282M | $-271M | $-270M | · | $-270M | $-266M | $-268M | · | $-243M | $-237M | $-206M | |
| Market Cap | · | $1.59B | $2.46B | $3.22B | · | $4.15B | $3.17B | $3.38B | · | $3.01B | $2.92B | $4.95B | · | $2.22B | $1.44B | $1.99B | |
| P/E | · | -3.5 | -6.4 | -9.4 | · | -14.0 | -11.1 | -11.9 | · | -10.7 | -10.4 | -17.3 | · | -8.8 | -5.9 | -9.3 | |
| P/S | · | 5.3 | 7.3 | 9.2 | · | 11.6 | 9.5 | 10.8 | · | 10.4 | 10.6 | 18.6 | · | 8.4 | 5.6 | 8.1 | |
| P/B | · | 2.2 | 3.2 | 4.0 | · | 4.8 | 3.7 | 3.9 | · | 3.4 | 3.2 | 5.3 | · | 2.3 | 1.5 | 2.0 | |
| P / Tangible Book | · | 2.2 | 3.2 | 4.0 | · | 4.8 | 3.7 | 3.9 | · | 3.4 | 3.2 | 5.3 | · | 2.3 | 1.5 | 2.0 | |
| P / Cash Flow | · | · | · | -96.2 | · | · | · | 419.8 | · | · | · | 1258.3 | · | · | · | -52.1 | |
| P / FCF | · | · | · | -94.0 | · | · | · | 474.3 | · | · | · | -669.1 | · | · | · | -37.1 | |
| Earnings Yield | · | -28.8% | -15.6% | -10.6% | · | -7.1% | -9.0% | -8.4% | · | -9.4% | -9.6% | -5.8% | · | -11.3% | -17.0% | -10.7% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | |
|---|---|---|---|---|---|
| Revenue | $250M | $389M | $311M | $267M | $253M |
| Gross Margin % | 30.9% | 60.6% | 57.5% | 67.6% | 74.8% |
| Operating Margin % | -199.2% | -83.4% | -102.5% | -108.9% | -77.6% |
| Net Income | $-470M | $-289M | $-280M | $-269M | $-192M |
| Diluted EPS | $-3.35 | $-2.24 | $-2.34 | $-2.45 | $-1.84 |
Balance Sheet
| 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | |
|---|---|---|---|---|---|
| Current Ratio | 6.6 | 6.9 | 8.8 | 6.5 | 7.1 |
| Quick Ratio | 6.3 | 6.7 | 8.6 | 6.4 | 6.9 |
Cash Flow
| 2026-04-30 | 2025-04-30 | 2024-04-30 | 2023-04-30 | 2022-04-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-192M | $-44M | $-88M | $-186M | $-90M |
Latest News Recent headlines mentioning this company
My Metrics Your personal watchlist — selected rows from Full Fundamentals
📊
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 381 filers · $765.3M 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 |
|---|---|---|---|---|
| 44 (-14 vs prior Q) | 38 (-31 vs prior Q) | 129 (+21 vs prior Q) | 89 (-17 vs prior Q) | -702K |
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 |
|---|---|---|---|---|
| Toroso Investments, LLC | $111,816,600 | 8,295,000 | 14.61% | Call option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $81,515,748 | 8,967,629 | 10.65% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $54,458,326 | 5,991,015 | 7.12% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $32,213,724 | 3,543,864 | 4.21% | Shares |
| STATE STREET CORP | $31,708,865 | 3,488,324 | 4.14% | Shares |
| MILLENNIUM MANAGEMENT LLC | $28,512,112 | 3,136,646 | 3.73% | Shares |
| GOLDMAN SACHS GROUP INC | $26,717,601 | 2,939,230 | 3.49% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $26,657,388 | 2,931,922 | 3.48% | Shares |
| JANE STREET GROUP, LLC | $17,616,420 | 1,938,000 | 2.30% | Put option |
| CITADEL ADVISORS LLC | $17,297,361 | 1,902,900 | 2.26% | Call option |
| BANK OF AMERICA CORP /DE/ | $15,758,206 | 1,733,576 | 2.06% | Shares |
| GOLDMAN SACHS GROUP INC | $12,362,400 | 1,360,000 | 1.62% | Put option |
| CITADEL ADVISORS LLC | $12,189,690 | 1,341,000 | 1.59% | Put option |
| CAPITAL FUND MANAGEMENT S.A. | $11,631,373 | 1,279,579 | 1.52% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $10,033,106 | 1,103,752 | 1.31% | Shares |
| WOLVERINE TRADING, LLC | $9,768,480 | 564,000 | 1.28% | Call option |
| FIRST TRUST ADVISORS LP | $9,240,666 | 1,016,575 | 1.21% | Shares |
| TUDOR INVESTMENT CORP ET AL | $9,104,399 | 1,001,584 | 1.19% | Shares |
| JANE STREET GROUP, LLC | $9,090,909 | 1,000,100 | 1.19% | Call option |
| VANGUARD FIDUCIARY TRUST CO | $7,899,801 | 869,065 | 1.03% | Shares |
| Defiance ETFs, LLC | $7,785,785 | 825,640 | 1.02% | Shares |
| TWO SIGMA ADVISERS, LP | $7,715,952 | 572,400 | 1.01% | Shares |
| Point72 Asset Management, L.P. | $7,612,875 | 837,500 | 0.99% | Call option |
| Cubist Systematic Strategies, LLC | $6,700,176 | 386,400 | 0.88% | Call option |
| MORGAN STANLEY | $5,875,718 | 646,393 | 0.77% | Shares |
| TWO SIGMA INVESTMENTS, LP | $5,593,295 | 615,324 | 0.73% | Shares |
| Public Sector Pension Investment Board | $5,558,535 | 611,500 | 0.73% | Shares |
| Point72 Asset Management, L.P. | $5,440,365 | 598,500 | 0.71% | Put option |
| D. E. Shaw & Co., Inc. | $5,305,151 | 583,625 | 0.69% | Shares |
| WOLVERINE TRADING, LLC | $5,287,796 | 305,300 | 0.69% | Put option |
| Point72 Asset Management, L.P. | $5,166,811 | 568,406 | 0.68% | Shares |
| ALGERT GLOBAL LLC | $5,071,947 | 557,970 | 0.66% | Shares |
| D. E. Shaw & Co., Inc. | $4,954,050 | 545,000 | 0.65% | Put option |
| AQR CAPITAL MANAGEMENT LLC | $4,511,801 | 496,348 | 0.59% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $4,417,304 | 485,952 | 0.58% | Shares |
| Bank of New York Mellon Corp | $4,224,823 | 464,777 | 0.55% | Shares |
| BlackRock, Inc. | $4,158,130 | 457,440 | 0.54% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $4,019,044 | 442,139 | 0.53% | Shares |
| Walleye Trading LLC | $3,533,283 | 388,700 | 0.46% | Call option |
| Trexquant Investment LP | $3,516,194 | 386,820 | 0.46% | Shares |
| Zweig-DiMenna Associates LLC | $3,294,671 | 362,450 | 0.43% | Shares |
| Edgestream Partners, L.P. | $3,181,536 | 350,004 | 0.42% | Shares |
| Toroso Investments, LLC | $3,018,172 | 223,900 | 0.39% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $2,877,276 | 316,532 | 0.38% | Shares |
| Engineers Gate Manager LP | $2,855,405 | 314,126 | 0.37% | Shares |
| GREAT LAKES ADVISORS, LLC | $2,668,242 | 293,536 | 0.35% | Shares |
| PEAK6 LLC | $2,623,374 | 288,600 | 0.34% | Put option |
| CITIGROUP INC | $2,546,318 | 280,123 | 0.33% | Shares |
| D. E. Shaw & Co., Inc. | $2,539,746 | 279,400 | 0.33% | Call option |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $2,496,896 | 274,686 | 0.33% | Shares |
| Swiss National Bank | $2,457,027 | 270,300 | 0.32% | Shares |
| Brevan Howard Capital Management LP | $2,195,780 | 241,560 | 0.29% | Shares |
| BARCLAYS PLC | $2,103,771 | 231,438 | 0.27% | Shares |
| Numerai GP LLC | $2,082,619 | 229,111 | 0.27% | Shares |
| DOW CHEMICAL CO /DE/ | $2,018,871 | 222,098 | 0.26% | Shares |
| Tiller Private Wealth, Inc. | $2,018,799 | 222,090 | 0.26% | Shares |
| Walleye Trading LLC | $1,862,668 | 204,914 | 0.24% | Shares |
| IMC-Chicago, LLC | $1,757,942 | 193,393 | 0.23% | Shares |
| Perigon Wealth Management, LLC | $1,671,051 | 183,834 | 0.22% | Shares |
| Entropy Technologies, LP | $1,656,316 | 182,213 | 0.22% | Shares |
| RHUMBLINE ADVISERS | $1,631,215 | 179,453 | 0.21% | Shares |
| LPL Financial LLC | $1,621,216 | 178,352 | 0.21% | Shares |
| Atom Investors LP | $1,534,119 | 168,770 | 0.20% | Shares |
| GROUP ONE TRADING LLC | $1,471,853 | 161,920 | 0.19% | Shares |
| PDT Partners, LLC | $1,453,182 | 159,866 | 0.19% | Shares |
| Quantbot Technologies LP | $1,452,891 | 159,834 | 0.19% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,422,500 | 168,943 | 0.19% | Shares |
| Schonfeld Strategic Advisors LLC | $1,390,260 | 152,944 | 0.18% | Shares |
| Crawford Fund Management, LLC | $1,389,861 | 152,900 | 0.18% | Put option |
| VANGUARD GROUP INC | $1,383,897 | 102,663 | 0.18% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $1,357,510 | 149,341 | 0.18% | Shares |
| Squarepoint Ops LLC | $1,315,323 | 144,700 | 0.17% | Call option |
| DEUTSCHE BANK AG\ | $1,300,252 | 143,042 | 0.17% | Shares |
| Walleye Capital LLC | $1,287,144 | 141,600 | 0.17% | Put option |
| ALLIANCEBERNSTEIN L.P. | $1,269,467 | 150,768 | 0.17% | Shares |
| Walleye Trading LLC | $1,265,328 | 139,200 | 0.17% | Put option |
| Walleye Capital LLC | $1,258,965 | 138,500 | 0.16% | Call option |
| AXQ CAPITAL, LP | $1,237,649 | 136,155 | 0.16% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $1,237,149 | 136,100 | 0.16% | Call option |
| XTX Topco Ltd | $1,184,745 | 130,335 | 0.15% | Shares |
| FEDERATED HERMES, INC. | $1,145,649 | 126,034 | 0.15% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $1,098,981 | 120,900 | 0.14% | Put option |
| PEAK6 LLC | $1,091,473 | 120,074 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,040,996 | 114,521 | 0.14% | Shares |
| Cubist Systematic Strategies, LLC | $1,009,188 | 58,200 | 0.13% | Put option |
| Compagnie Lombard Odier SCmA | $999,900 | 110,000 | 0.13% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $997,700 | 109,758 | 0.13% | Shares |
| Themes Management Co LLC | $938,461 | 103,241 | 0.12% | Shares |
| Cresset Asset Management, LLC | $890,052 | 97,915 | 0.12% | Shares |
| Squarepoint Ops LLC | $888,193 | 97,711 | 0.12% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $885,166 | 97,378 | 0.12% | Shares |
| Nuveen Asset Management, LLC | $873,592 | 25,373 | 0.11% | Shares |
| SBI Securities Co., Ltd. | $829,363 | 91,239 | 0.11% | Shares |
| Quantinno Capital Management LP | $816,478 | 89,821 | 0.11% | Shares |
| 180 WEALTH ADVISORS, LLC | $813,897 | 89,538 | 0.11% | Shares |
| HSBC HOLDINGS PLC | $740,701 | 81,575 | 0.10% | Shares |
| MetLife Investment Management, LLC | $736,635 | 81,038 | 0.10% | Shares |
| Shearwater Capital LLC | $643,808 | 70,826 | 0.08% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $636,300 | 700 | 0.08% | Put option |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $585,814 | 64,446 | 0.08% | Shares |
Company insiders 28 insiders · 11 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Stephen Bradley Ehikian | Chief Executive Officer | July 2, 2026 G | 274,182 | 0 | 1 | $-477,622 |
| Juho Parkkinen | SVP & CHIEF FINANCIAL OFFICER | Jan. 31, 2024 F | 292,230 | 0 | 0 | $0 |
| Adeel Manzoor | Chief Financial Officer | Dec. 21, 2021 A | 180,000 | 0 | 0 | $0 |
| David Barter | Senior VP and CFO | Nov. 12, 2021 M | 67,599 | 0 | 0 | $0 |
| Edward Y Abbo | President and CTO | June 15, 2024 M | 810,988 | 0 | 0 | $0 |
| Robert David Schilling | EVP & Chief Commercial Officer | June 26, 2025 A | 1,011,327 | 0 | 0 | $0 |
| Merel Witteveen | Senior VP, Operations | June 15, 2025 M | 13,740 | 0 | 0 | $0 |
| Guy Wanger | SVP & Chief Admin Officer | Dec. 8, 2023 M | 8,053 | 0 | 0 | $0 |
| Houman Behzadi | Chief Product Officer | June 15, 2023 M | 430,814 | 0 | 0 | $0 |
| Richard J. Lutton Jr. | Senior VP and General Counsel | Oct. 15, 2021 A | 500,000 | 0 | 0 | $0 |
| Bruce A Cleveland | Senior VP and CMO | Sept. 17, 2021 M | 21,867 | 0 | 0 | $0 |
| John E. Hyten | Director | July 15, 2026 D | 69,214 | 0 | 0 | $0 |
| Jr Stephen M Ward | Director | Oct. 3, 2025 A | 546,495 | 0 | 0 | $0 |
| Kenneth A Goldman | Director | June 26, 2025 A | — | 0 | 0 | $0 |
| Jim H. Snabe | Director | March 31, 2025 A | 370,000 | 0 | 0 | $0 |
| Condoleezza Rice | Director | Dec. 10, 2024 M | 74,387 | 0 | 0 | $0 |
| Kr Sridhar | Director | Oct. 2, 2024 A | — | 0 | 0 | $0 |
| Lisa Ann Davis | Director | Oct. 2, 2024 A | 27,030 | 0 | 0 | $0 |
| Alan S Murray | Director | May 1, 2024 A | — | 0 | 0 | $0 |
| Shankar Sastry | Director | Oct. 5, 2022 A | 24,640 | 0 | 0 | $0 |
| Thomas M Siebel | — | Aug. 11, 2026 M | 722,362 | 0 | 21 | $-62,393,508 |
| Hitesh Lath | — | Aug. 4, 2026 S | 363,106 | 0 | 4 | $-1,000,989 |
| Bruce D Sewell | — | Oct. 3, 2025 A | 0 | 0 | 0 | $0 |
| Michael G Mccaffery | — | Oct. 3, 2025 A | 665,929 | 0 | 0 | $0 |
| Richard C Levin | — | Oct. 3, 2025 A | 161,664 | 0 | 0 | $0 |
| Patricia A House | — | Dec. 12, 2022 G | 313,966 | 0 | 0 | $0 |
| Siebel Living Trust u/a/d 7/27/93, as amended | — | July 14, 2021 S | 5,891,272 | 0 | 0 | $0 |
| Brady Mickelsen | — | June 23, 2021 A | 199,777 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 75 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 |
|---|---|---|---|---|
| IBAT · iShares Trust | 6.57% | 22,572 SH | Aug. 21, 2026 | Daily |
| EWQ · iShares, Inc. | 5.63% | 96,804 SH | Aug. 21, 2026 | Daily |
| MXI · iShares Trust | 3.84% | 72,969 SH | Aug. 21, 2026 | Daily |
| GPTY · Tidal Trust II | 2.31% | 240,481 NS | April 30, 2026 | N-PORT |
| EZU · iShares, Inc. | 1.57% | 796,328 SH | Aug. 21, 2026 | Daily |
| ROBT · First Trust Exchange-Traded Fund VI | 1.26% | 1,013,749 NS | June 30, 2026 | N-PORT |
| DMXF · iShares Trust | 1.13% | 55,152 SH | Aug. 21, 2026 | Daily |
| CLOU · Global X Funds | 1.09% | 271,896 NS | May 31, 2026 | N-PORT |
| IGRO · iShares Trust | 1.04% | 69,273 SH | Aug. 21, 2026 | Daily |
| MTRA · Invesco Actively Managed Exchange-T… | 0.99% | 6,959 SH | Aug. 21, 2026 | Daily |
| IEV · iShares Trust | 0.86% | 74,631 SH | Aug. 21, 2026 | Daily |
| IMFL · Invesco Exchange-Traded Self-Indexe… | 0.77% | 42,546 SH | Aug. 21, 2026 | Daily |
| IEUR · iShares Trust | 0.76% | 366,943 SH | Aug. 21, 2026 | Daily |
| EFG · iShares Trust | 0.73% | 638,395 SH | Aug. 21, 2026 | Daily |
| EFAV · iShares Trust | 0.72% | 202,003 SH | Aug. 21, 2026 | Daily |
| IQLT · iShares Trust | 0.69% | 506,238 SH | Aug. 21, 2026 | Daily |
| EFA · iShares Trust | 0.55% | 2,254,125 SH | Aug. 21, 2026 | Daily |
| IDLV · Invesco Exchange-Traded Fund Trust … | 0.52% | 9,218 SH | Aug. 21, 2026 | Daily |
| IEFA · iShares Trust | 0.47% | 4,695,337 SH | Aug. 21, 2026 | Daily |
| IDEV · iShares Trust | 0.41% | 683,642 SH | Aug. 21, 2026 | Daily |
| EFV · iShares Trust | 0.38% | 607,239 SH | Aug. 21, 2026 | Daily |
| ACWX · iShares Trust | 0.33% | 207,559 SH | Aug. 21, 2026 | Daily |
| IXUS · iShares Trust | 0.28% | 870,704 SH | Aug. 21, 2026 | Daily |
| PXF · Invesco Exchange-Traded Fund Trust … | 0.25% | 37,821 SH | Aug. 21, 2026 | Daily |
| VGK · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.22% | 422,222 SH | Aug. 19, 2026 | Daily |
| AIQ · Global X Funds | 0.20% | 1,967,782 NS | May 31, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.19% | 48,799 NS | May 31, 2026 | N-PORT |
| ESGD · iShares Trust | 0.17% | 107,475 SH | Aug. 21, 2026 | Daily |
| TOK · iShares Trust | 0.14% | 1,833 SH | Aug. 21, 2026 | Daily |
| URTH · iShares, Inc. | 0.14% | 56,988 SH | Aug. 21, 2026 | Daily |
| INTF · iShares Trust | 0.12% | 23,256 SH | Aug. 21, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | 0.12% | 2,024,637 SH | Aug. 19, 2026 | Daily |
| ACWI · iShares Trust | 0.12% | 197,961 SH | Aug. 21, 2026 | Daily |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.11% | 513,610 SH | Aug. 19, 2026 | Daily |
| IWN · iShares Trust | 0.09% | 1,307,579 SH | Aug. 21, 2026 | Daily |
| AIBU · Direxion Shares ETF Trust | 0.09% | 2,705 NS | April 30, 2026 | N-PORT |
| VXUS · VANGUARD STAR FUNDS | 0.08% | 2,842,067 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.08% | 119,553 SH | Aug. 19, 2026 | Daily |
| GINN · Goldman Sachs ETF Trust | 0.07% | 13,738 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.07% | 190,375 SH | Aug. 21, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.06% | 45,948 NS | April 30, 2026 | N-PORT |
| IGV · iShares Trust | 0.05% | 622,278 SH | Aug. 21, 2026 | Daily |
| IWM · iShares Trust | 0.04% | 3,475,438 SH | Aug. 21, 2026 | Daily |
| ISCV · iShares Trust | 0.04% | 28,401 SH | Aug. 20, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.04% | 318,716 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 790,762 SH | Aug. 19, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.04% | 32,185 NS | May 31, 2026 | N-PORT |
| RB · ProShares Trust | 0.04% | 38 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.03% | 6,053 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.03% | 55,845 NS | April 30, 2026 | N-PORT |