ALKT Alkami Technology, Inc. - Common Stock
$20.40
Price · Aug 19, 2026
Fundamentals as of Jul 30, 2026
52W Range
$14–$27
50% of range
Analyst Rating
BUY
14 analysts
Price Target
$21
+2% upside
P/E (TTM)
-44.7
ROE
-13.5%
Net Profit Margin
-10.7%
About Alkami Technology, Inc. - Common Stock Company overview from Wikipedia
ALKT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$20.40
Market Cap
$2.18B
P/E (TTM)
-44.7
EPS (TTM)
$-0.46
Revenue (TTM)
$444M
Div Yield
—
ROE
-13.5%
Debt/Equity
—
52W Range
$14 – $27
ALKT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$444M
2019-12-31
→
2025-12-31
EPS
$-0.46
2019-12-31
→
2025-12-31
Free Cash Flow
$41M
2021-12-31
→
2025-12-31
Margins
-10.7%
2021-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ALKT
Peer Median
P/E (TTM)
-44.7
36.3
P/S (TTM)
4.9
5.1
P/B
6.0
6.3
Price / FCF
52.8
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ALKT
Peer Median
Gross Margin
57.8%
67.8%
Operating Margin
-12.1%
—
Net Profit Margin
-10.7%
6.8%
ROA
-7.4%
4.3%
ROE
-13.5%
7.3%
ROIC
-12.0%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ALKT
Peer Median
Current Ratio
2.1
3.6
Quick Ratio
1.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ALKT
Peer Median
Revenue YoY
32.9%
—
Revenue CAGR 3Y
29.5%
—
Revenue CAGR 5Y
31.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ALKT
Peer Median
ALKT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 3 21.4%
- Buy 9 64.3%
- Hold 2 14.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-15
Median
$21.00
Now
$20.40
Low
$19.00
High
$23.00
Median target
$21.00
+2.9%
Mean target
$20.86
+2.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.16 | $0.16 | 0.00% |
| March 31, 2026 | $0.16 | $0.18 | -0.02% |
| Dec. 31, 2025 | $0.16 | $0.14 | 0.02% |
| Sept. 30, 2025 | $0.13 | $0.12 | 0.01% |
| June 30, 2025 | $0.09 | $0.08 | 0.01% |
| March 31, 2025 | $0.19 | $0.09 | 0.10% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ALKT | $2.45B | -50.2 | 32.9% | -10.7% | -13.5% | 57.8% |
| ALRM | $2.53B | 20.7 | 7.6% | 13.0% | 16.0% | — |
| FIVN | $1.55B | 44.6 | 10.3% | 3.4% | 5.6% | 55.1% |
| KEEL | — | — | 72.0% | -124.1% | -48.6% | -8.2% |
| RAMP | — | 11.8 | 9.0% | 17.9% | 15.2% | 70.7% |
| NCNO | $2.43B | 427.2 | 10.0% | 0.87% | 0.49% | 60.6% |
| ASAN | $2.44B | -12.8 | 9.2% | -23.9% | -99.8% | 89.0% |
| BLKB | $2.96B | 26.7 | -2.3% | 10.2% | 145.7% | 58.8% |
| VERX | — | — | 12.2% | 0.96% | 2.8% | 64.3% |
| PRCH | $1.13B | -304.3 | 10.2% | -0.70% | 9.9% | 70.5% |
| EVCM | $2.16B | 121.1 | 4.8% | 3.0% | 2.4% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $444M | $334M | $265M | $204M | $152M | $112M | $74M | |
| Cost of Revenue | $187M | $137M | $121M | $96M | $68M | $53M | $43M | |
| Gross Profit | $257M | $197M | $144M | $108M | $84M | $59M | $30M | |
| R&D Expense | $118M | $96M | $85M | $69M | $49M | $40M | $33M | |
| SG&A Expense | $101M | $84M | $73M | $71M | $50M | $36M | $25M | |
| Operating Expenses | $310M | $241M | $208M | $166M | $127M | $94M | $73M | |
| Operating Income | $-54M | $-45M | $-64M | $-58M | $-43M | $-35M | $-43M | |
| Interest Expense | · | · | $7M | $4M | $1M | $489.0K | $110.0K | |
| Interest Income | $4M | $5M | $8M | $3M | $487.0K | $55.0K | $267.0K | |
| Pretax Income | $-59M | $-41M | $-63M | $-59M | $-47M | $-51M | · | |
| Income Tax | $-11M | $308.0K | $44.0K | $-461.0K | $172.0K | $0 | $0 | |
| Net Income | $-48M | $-41M | $-63M | $-59M | $-47M | $-51M | $-42M | |
| EPS (Basic) | $-0.46 | $-0.41 | $-0.67 | $-0.64 | $-0.73 | $-11.78 | $-9.91 | |
| EPS (Diluted) | $-0.46 | $-0.41 | $-0.67 | $-0.64 | $-0.73 | $-11.78 | $-9.91 | |
| Shares (Basic) | 103,895,195 | 98,892,692 | 94,080,797 | 90,956,521 | 64,510,456 | 4,809,533 | 4,346,900 | |
| Shares (Diluted) | 103,895,195 | 98,892,692 | 94,080,797 | 90,956,521 | 64,510,456 | 4,809,533 | 4,346,900 | |
| EBITDA | $-27M | $-34M | $-53M | $-50M | $-39M | · | · |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $63M | $94M | $41M | $109M | $309M | $167M | · | |
| Receivables | $51M | $39M | $35M | $26M | $21M | $14M | · | |
| Prepaid Expense | $21M | $14M | $11M | $12M | $9M | $8M | · | |
| Other Current Assets | · | $794.0K | · | · | · | · | · | |
| Current Assets | $187M | $181M | $149M | $242M | $345M | $193M | · | |
| PP&E (Net) | $27M | $22M | $17M | $14M | $12M | $10M | · | |
| PP&E (Gross) | $41M | $33M | $36M | $29M | $24M | $20M | · | |
| Accum. Depreciation | $15M | $11M | $19M | $15M | $12M | $10M | · | |
| Goodwill | $403M | $148M | $148M | $148M | $48M | $16M | · | |
| Intangibles | $159M | $29M | $36M | $43M | $11M | $8M | · | |
| Other Non-current Assets | $10M | $5M | $4M | $3M | $2M | $6M | · | |
| Total Assets | $847M | $437M | $400M | $489M | $437M | $249M | · | |
| Accounts Payable | $6M | $6M | $7M | $4M | $4M | $360.0K | · | |
| Accrued Liabilities | $47M | $25M | $20M | $22M | $19M | $13M | · | |
| Current Liabilities | $90M | $46M | $39M | $42M | $33M | $20M | · | |
| Capital Leases | $16M | $17M | $18M | $16M | $0 | · | · | |
| Deferred Tax | $3M | $2M | $2M | $2M | $85.0K | $0 | · | |
| Other Non-current Liabilities | $237.0K | $220.0K | $305.0K | $400.0K | $16M | $1M | · | |
| Total Liabilities | $485M | $80M | $75M | $155M | $92M | $69M | · | |
| Long-term Debt | · | · | $0 | $85M | $25M | $25M | · | |
| Total Debt | · | · | $0 | $85M | $25M | · | · | |
| Common Stock | $106.0K | $102.0K | $97.0K | $92.0K | $90.0K | $5.0K | · | |
| Paid-in Capital | $886M | $833M | $760M | $706M | $658M | $0 | · | |
| Retained Earnings | $-524M | $-476M | $-435M | $-372M | $-314M | $-264M | · | |
| Stockholders' Equity | $362M | $357M | $325M | $334M | $345M | $-264M | $-195M | |
| Liabilities + Equity | $847M | $437M | $400M | $489M | $437M | $249M | · | |
| Shares Outstanding | 106,101,875 | 102,088,783 | 96,722,098 | 92,112,749 | 89,954,657 | 4,909,529 | · |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $27M | $11M | $11M | $8M | $3M | $3M | $2M | |
| Stock-based Comp | $76M | $59M | $51M | $45M | $15M | $2M | $1M | |
| Deferred Tax | $-12M | $109.0K | $-32.0K | $-690.0K | $85.0K | $0 | $0 | |
| Amort. of Intangibles | $22M | $7M | $7M | $5M | $1M | $200.0K | $0 | |
| Other Non-cash | $-748.0K | $-11M | $-16M | $-32M | $-200.0K | · | · | |
| Operating Cash Flow | $43M | $19M | $-18M | $-38M | $-29M | $-38M | $-39M | |
| CapEx | $2M | $1M | $1M | $1M | $1M | $2M | $4M | |
| Investing Cash Flow | $-398M | $23M | $34M | $-224M | $-22M | $-27M | $-4M | |
| Debt Issued | · | $0 | $0 | $85M | $0 | $25M | $0 | |
| Net Debt Issued | $0 | $0 | $-85M | $60M | $-313.0K | · | · | |
| Stock Repurchased | · | · | $0 | $0 | $3M | $3M | $0 | |
| Net Stock Activity | · | · | $0 | $0 | $-3M | · | · | |
| Dividends Paid | · | · | $0 | $0 | $5M | $0 | $0 | |
| Financing Cash Flow | $324M | $12M | $-88M | $61M | $192M | $225M | $30M | |
| Net Change in Cash | $-31M | $53M | $-71M | $-201M | $141M | $160M | $-13M | |
| Taxes Paid | · | $375.0K | $332.0K | $249.0K | $32.0K | $67.0K | $83.0K | |
| Free Cash Flow | $41M | $17M | $-19M | $-39M | $-30M | · | · | |
| Levered FCF | · | · | $-26M | $-43M | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.8% | 58.9% | 54.4% | 53.0% | 55.1% | · | · | |
| Operating Margin | -12.1% | -13.4% | -24.1% | -28.2% | -28.2% | · | · | |
| Net Margin | -10.7% | -12.2% | -23.8% | -28.7% | -30.8% | · | · | |
| Pretax Margin | -13.3% | -12.1% | -23.7% | -28.9% | · | · | · | |
| EBITDA Margin | -6.0% | -10.2% | -20.0% | -24.3% | -25.9% | · | · | |
| ROA | -7.4% | -9.8% | -14.2% | -12.7% | -13.7% | · | · | |
| ROE | -13.5% | -11.7% | -19.5% | -17.7% | -13.6% | · | · | |
| ROIC | -12.0% | -12.6% | -19.6% | -13.7% | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.1 | 4.0 | 3.8 | 5.8 | 10.4 | · | · | |
| Quick Ratio | 1.3 | 2.9 | 1.9 | 3.2 | 9.9 | · | · | |
| Debt / Equity | · | · | 0.0 | 0.3 | 0.1 | · | · | |
| LT Debt / Equity | · | · | 0.0 | 0.2 | 0.1 | · | · | |
| Interest Coverage | · | · | -8.6 | -14.9 | -36.2 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.8 | 0.6 | 0.4 | 0.4 | · | · | |
| Receivables Turnover | 9.8 | 9.0 | 8.6 | 8.7 | 8.7 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 32.9% | 26.1% | 29.6% | 34.2% | 35.7% | · | · | |
| Revenue CAGR 3Y | 29.5% | 29.9% | 33.2% | · | · | · | · | |
| Revenue CAGR 5Y | 31.7% | · | · | · | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $444M | $334M | $265M | $204M | $152M | · | · | |
| Net Income TTM | $-48M | $-41M | $-63M | $-59M | $-47M | · | · | |
| Market Cap | $2.45B | $3.74B | $2.35B | $1.34B | $1.80B | · | · | |
| Enterprise Value | · | · | $2.30B | $1.32B | $1.52B | · | · | |
| P/E | -50.2 | -89.5 | -36.2 | -22.8 | -27.5 | · | · | |
| P/S | 5.5 | 11.2 | 8.9 | 6.6 | 11.9 | · | · | |
| P/B | 6.8 | 10.5 | 7.2 | 4.0 | 5.2 | · | · | |
| P / Tangible Book | · | 20.8 | 16.6 | 9.4 | 6.3 | · | · | |
| P / Cash Flow | 57.0 | 201.4 | -134.0 | -35.6 | -62.3 | · | · | |
| P / FCF | 59.2 | 215.2 | -126.4 | -34.6 | -60.0 | · | · | |
| EV / EBITDA | · | · | -43.4 | -26.6 | -38.5 | · | · | |
| EV / FCF | · | · | -124.2 | -34.0 | -50.6 | · | · | |
| EV / Revenue | · | · | 8.7 | 6.5 | 10.0 | · | · | |
| Dividend Yield | · | · | 0.00% | 0.00% | 0.28% | · | · | |
| Earnings Yield | -2.0% | -1.1% | -2.8% | -4.4% | -3.6% | · | · | |
| Payout Ratio | · | · | 0.00% | 0.00% | -10.6% | · | · | |
| Annual Payout | · | · | $0 | $0 | $5M | · | · |
Income Statement 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $130M | $126M | $121M | $113M | $112M | $98M | $90M | $86M | $82M | $76M | $71M | $68M | $66M | $60M | $56M | $53M | |
| Cost of Revenue | $56M | $52M | $52M | $49M | $46M | $40M | $36M | $35M | $33M | $32M | $31M | $31M | $30M | $28M | $27M | $26M | |
| Gross Profit | $74M | $74M | $69M | $64M | $66M | $58M | $53M | $51M | $49M | $44M | $40M | $37M | $35M | $32M | $29M | $28M | |
| R&D Expense | $31M | $31M | $31M | $30M | $30M | $27M | $25M | $24M | $24M | $23M | $21M | $22M | $21M | $21M | $20M | $18M | |
| SG&A Expense | $26M | $27M | $25M | $26M | $27M | $28M | $22M | $22M | $21M | $19M | $19M | $18M | $18M | $17M | $17M | $18M | |
| Operating Expenses | $82M | $80M | $79M | $77M | $81M | $73M | $62M | $61M | $62M | $56M | $53M | $52M | $53M | $49M | $34M | $47M | |
| Operating Income | $-8M | $-6M | $-9M | $-13M | $-16M | $-15M | $-9M | $-10M | $-13M | $-12M | $-13M | $-16M | $-18M | $-17M | $-5M | $-20M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $73.0K | · | $2M | $2M | $2M | · | $1M | |
| Interest Income | $684.0K | $762.0K | $874.0K | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $1M | $851.0K | |
| Pretax Income | $-9M | $-7M | $-11M | $-15M | $-18M | $-15M | $-8M | $-9M | $-12M | $-11M | $-13M | $-15M | $-18M | $-17M | $-5M | $-20M | |
| Income Tax | $-212.0K | $3M | $300.0K | $-29.0K | $-4M | $-7M | $-47.0K | $-19.0K | $185.0K | $189.0K | $-279.0K | $39.0K | $88.0K | $196.0K | $-541.0K | $-163.0K | |
| Net Income | $-9M | $-10M | $-11M | $-15M | $-14M | $-8M | $-8M | $-9M | $-12M | $-11M | $-13M | $-15M | $-18M | $-17M | $-5M | $-20M | |
| EPS (Basic) | $-0.08 | $-0.09 | $-0.11 | $-0.14 | $-0.13 | $-0.08 | $-0.07 | $-0.09 | $-0.13 | $-0.12 | $-0.14 | $-0.16 | $-0.19 | $-0.18 | $-0.05 | $-0.22 | |
| EPS (Diluted) | $-0.08 | $-0.09 | $-0.11 | $-0.14 | $-0.13 | $-0.08 | $-0.07 | $-0.09 | $-0.13 | $-0.12 | $-0.14 | $-0.16 | $-0.19 | $-0.18 | $-0.05 | $-0.22 | |
| Shares (Basic) | 106,862,412 | 106,387,125 | -206,270,256 | 104,345,319 | 103,389,459 | 102,430,673 | -195,591,069 | 99,435,002 | 98,103,527 | 96,945,232 | -186,326,627 | 94,675,358 | 93,334,725 | 92,397,341 | -181,141,966 | 91,182,235 | |
| Shares (Diluted) | 106,862,412 | 106,387,125 | -206,270,256 | 104,345,319 | 103,389,459 | 102,430,673 | -195,591,069 | 99,435,002 | 98,103,527 | 96,945,232 | -186,326,627 | 94,675,358 | 93,334,725 | 92,397,341 | -181,141,966 | 91,182,235 | |
| EBITDA | $-8M | $2M | · | $-13M | $-16M | $-12M | · | $-10M | $-13M | $-10M | · | $-16M | $-18M | $-14M | · | $-20M |
Balance Sheet 27
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $46M | $40M | $63M | $57M | $52M | $62M | $94M | $81M | $61M | $44M | · | $76M | $90M | $114M | · | $97M | |
| Receivables | $57M | $51M | $51M | $51M | $48M | $47M | $39M | $42M | $39M | $36M | · | $31M | $28M | $28M | · | $26M | |
| Prepaid Expense | $22M | $24M | $21M | $18M | $28M | $19M | $14M | $14M | $14M | $12M | · | $14M | $13M | $14M | · | $13M | |
| Other Current Assets | · | · | · | · | $1M | · | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $177M | $170M | $187M | $175M | $178M | $174M | $181M | $169M | $152M | $146M | · | $233M | $226M | $236M | · | $255M | |
| PP&E (Net) | $29M | $28M | $27M | $25M | $24M | $23M | $22M | $21M | $20M | $18M | · | $16M | $15M | $14M | · | $13M | |
| PP&E (Gross) | $46M | $44M | $41M | $39M | $37M | $34M | $33M | $31M | $40M | $38M | · | $34M | $32M | $30M | · | $28M | |
| Accum. Depreciation | $18M | $16M | $15M | $14M | $13M | $11M | $11M | $10M | $21M | $20M | · | $18M | $17M | $16M | · | $14M | |
| Goodwill | $403M | $403M | $403M | $403M | $404M | $400M | $148M | $148M | $148M | $148M | · | $148M | $148M | $148M | · | $146M | |
| Intangibles | $146M | $152M | $159M | $166M | $172M | $179M | $29M | $31M | $32M | $34M | · | $38M | $39M | $41M | · | $44M | |
| Other Non-current Assets | $10M | $10M | $10M | $9M | $10M | $9M | $5M | $4M | $4M | $5M | · | $4M | $4M | $3M | · | $5M | |
| Total Assets | $831M | $829M | $847M | $835M | $840M | $837M | $437M | $422M | $404M | $398M | · | $482M | $473M | $482M | · | $485M | |
| Accounts Payable | $12M | $4M | $6M | $7M | $7M | $5M | $6M | $6M | $6M | $7M | · | $6M | $1M | $3M | · | $3M | |
| Accrued Liabilities | $35M | $34M | $47M | $41M | $31M | $27M | $25M | $28M | $21M | $17M | · | $26M | $23M | $22M | · | $25M | |
| Current Liabilities | $83M | $74M | $90M | $81M | $66M | $63M | $46M | $48M | $41M | $37M | · | $49M | $42M | $42M | · | $40M | |
| Capital Leases | $19M | $19M | $16M | $16M | $17M | $17M | $17M | $17M | $18M | $18M | · | $18M | $15M | $16M | · | · | |
| Deferred Tax | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $341.0K | |
| Other Non-current Liabilities | $246.0K | $242.0K | $237.0K | $233.0K | $229.0K | $224.0K | $220.0K | $216.0K | $212.0K | $233.0K | · | $376.0K | $275.0K | $350.0K | · | $16M | |
| Total Liabilities | $468M | $459M | $485M | $485M | $496M | $503M | $80M | $84M | $77M | $75M | · | $161M | $150M | $154M | · | $157M | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | · | $82M | $83M | $85M | · | $85M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | $82M | $83M | $85M | · | $85M | |
| Common Stock | $107.0K | $107.0K | $106.0K | $105.0K | $104.0K | $103.0K | $102.0K | $100.0K | $99.0K | $98.0K | · | $95.0K | $94.0K | $93.0K | · | $91.0K | |
| Paid-in Capital | $905M | $904M | $886M | $862M | $842M | $818M | $833M | $807M | $786M | $770M | · | $744M | $730M | $717M | · | $695M | |
| Retained Earnings | $-543M | $-534M | $-524M | $-512M | $-498M | $-484M | $-476M | $-469M | $-459M | $-447M | · | $-423M | $-407M | $-389M | · | $-368M | |
| Stockholders' Equity | $363M | $371M | $362M | $350M | $344M | $334M | $357M | $339M | $327M | $323M | $325M | $322M | $323M | $328M | $334M | $328M | |
| Liabilities + Equity | $831M | $829M | $847M | $835M | $840M | $837M | $437M | $422M | $404M | $398M | · | $482M | $473M | $482M | · | $485M | |
| Shares Outstanding | 106,941,980 | 107,019,174 | 106,101,875 | 105,004,011 | 104,083,138 | 103,019,976 | 102,088,783 | 100,496,654 | 98,985,370 | 97,515,483 | 96,722,098 | 95,361,787 | 94,228,876 | 92,864,741 | · | 91,477,997 |
Cash Flow 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $8M | $8M | $8M | $8M | $8M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Stock-based Comp | $17M | $17M | $20M | $21M | $20M | $16M | $16M | $15M | $15M | $14M | $13M | $14M | $13M | $11M | $12M | $12M | |
| Deferred Tax | $105.0K | $210.0K | $177.0K | $35.0K | $-4M | $-8M | $48.0K | $14.0K | $22.0K | $25.0K | $-150.0K | $33.0K | $38.0K | $47.0K | $-610.0K | $-242.0K | |
| Amort. of Intangibles | $7M | $7M | $7M | $7M | $7M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Other Non-cash | · | $-20M | · | · | · | $-9M | · | · | · | $-4M | · | · | · | $-7M | · | · | |
| Operating Cash Flow | $22M | $-5M | $17M | $31M | $1M | $-6M | $6M | $11M | $548.0K | $951.0K | $-5M | $3M | $-6M | $-10M | $-14M | $-5M | |
| CapEx | $385.0K | $387.0K | $386.0K | $274.0K | $397.0K | $485.0K | $159.0K | $305.0K | $425.0K | $306.0K | $284.0K | $357.0K | $188.0K | $229.0K | $268.0K | $199.0K | |
| Investing Cash Flow | $-351.0K | $-4M | $-4M | $-1M | $-3M | $-389M | $-3M | $4M | $15M | $7M | $50M | $-16M | $-16M | $16M | $24M | $12M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | $0 | $0 | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Dividends Paid | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Financing Cash Flow | $-17M | $-14M | $-6M | $-25M | $-7M | $362M | $10M | $5M | $1M | $-5M | $-83M | $-781.0K | $-3M | $-568.0K | $-2M | $309.0K | |
| Net Change in Cash | $5M | $-23M | $6M | $5M | $-9M | $-33M | $13M | $20M | $17M | $3M | $-38M | $-14M | $-25M | $6M | $8M | $8M | |
| Free Cash Flow | · | $-5M | · | · | · | $-6M | · | · | · | $645.0K | · | · | · | $-10M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $570.8K | · | · | · | $-12M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.9% | 58.6% | · | 56.8% | 58.6% | 59.0% | · | 58.9% | 59.4% | 57.8% | · | 54.0% | 53.9% | 53.6% | · | 51.6% | |
| Operating Margin | -5.9% | -4.5% | · | -11.4% | -14.2% | -15.7% | · | -12.1% | -16.1% | -16.2% | · | -23.3% | -27.2% | -28.2% | · | -37.1% | |
| Net Margin | -6.9% | -7.9% | · | -13.1% | -12.1% | -8.0% | · | -11.0% | -15.0% | -15.0% | · | -22.9% | -27.0% | -28.3% | · | -37.5% | |
| Pretax Margin | -7.0% | -5.7% | · | -13.1% | -16.0% | -15.4% | · | -11.0% | -14.8% | -14.8% | · | -22.8% | -26.9% | -28.0% | · | -37.8% | |
| EBITDA Margin | -5.9% | 1.9% | · | -11.4% | -14.2% | -12.2% | · | -12.1% | -16.1% | -12.9% | · | -23.3% | -27.2% | -23.9% | · | -37.1% | |
| ROA | -1.1% | -1.2% | · | -2.4% | -2.2% | -1.3% | · | -2.1% | -2.8% | -2.6% | · | -3.2% | -3.7% | -3.7% | · | -4.3% | |
| ROE | -2.5% | -2.8% | · | -4.3% | -4.0% | -2.4% | · | -2.9% | -3.8% | -3.5% | · | -4.8% | -5.4% | -5.1% | · | -5.9% | |
| ROIC | -2.1% | -2.1% | · | -3.7% | -3.5% | -2.4% | · | -3.1% | -4.1% | -3.9% | · | -3.9% | -4.4% | -4.2% | · | -4.8% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.1 | 2.3 | · | 2.2 | 2.7 | 2.8 | · | 3.5 | 3.8 | 3.9 | · | 4.7 | 5.4 | 5.6 | · | 6.4 | |
| Quick Ratio | 1.2 | 1.2 | · | 1.3 | 1.5 | 1.7 | · | 2.6 | 2.5 | 2.1 | · | 2.2 | 2.8 | 3.4 | · | 3.1 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.3 | 0.3 | 0.3 | · | 0.3 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.2 | 0.2 | 0.2 | · | 0.3 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -169.4 | · | -8.2 | -9.8 | -9.6 | · | -16.7 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 2.5 | 2.6 | · | 2.4 | 2.6 | 2.4 | · | 2.3 | 2.4 | 2.4 | · | 2.4 | 2.4 | 2.3 | · | 2.3 |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $481M | $449M | · | $409M | $378M | $342M | · | $312M | $292M | $270M | · | $247M | $230M | $209M | · | $188M | |
| Net Income TTM | $-47M | $-46M | · | $-46M | $-43M | $-41M | · | $-49M | $-57M | $-62M | · | $-70M | $-75M | $-71M | · | $-65M | |
| Market Cap | $1.94B | $1.68B | · | $2.61B | $3.14B | $2.70B | · | $3.17B | $2.82B | $2.40B | · | $1.74B | $1.54B | $1.18B | · | $1.38B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | $1.74B | $1.54B | $1.15B | · | $1.36B | |
| P/E | -41.2 | -35.6 | · | -56.5 | -70.1 | -62.5 | · | -63.1 | -47.5 | -37.8 | · | -24.3 | -20.2 | -16.4 | · | -20.9 | |
| P/S | 4.0 | 3.7 | · | 6.4 | 8.3 | 7.9 | · | 10.2 | 9.7 | 8.9 | · | 7.0 | 6.7 | 5.6 | · | 7.3 | |
| P/B | 5.3 | 4.5 | · | 7.4 | 9.1 | 8.1 | · | 9.4 | 8.6 | 7.4 | · | 5.4 | 4.8 | 3.6 | · | 4.2 | |
| P / Tangible Book | · | · | · | · | · | · | · | 19.8 | 19.2 | 17.0 | · | 12.8 | 11.4 | 8.4 | · | 10.0 | |
| P / Cash Flow | · | -349.4 | · | · | · | -477.4 | · | · | · | 2519.4 | · | · | · | -122.3 | · | · | |
| P / FCF | · | -323.3 | · | · | · | -439.8 | · | · | · | 3714.7 | · | · | · | -119.4 | · | · | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | · | -110.4 | -86.0 | -79.8 | · | -68.9 | |
| EV / FCF | · | · | · | · | · | · | · | · | · | · | · | · | · | -116.4 | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | 7.1 | 6.7 | 5.5 | · | 7.2 | |
| Earnings Yield | -2.4% | -2.8% | · | -1.8% | -1.4% | -1.6% | · | -1.6% | -2.1% | -2.6% | · | -4.1% | -4.9% | -6.1% | · | -4.8% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $444M | $334M | $265M | $204M | $152M |
| Gross Margin % | 57.8% | 58.9% | 54.4% | 53.0% | 55.1% |
| Operating Margin % | -12.1% | -13.4% | -24.1% | -28.2% | -28.2% |
| Net Income | $-48M | $-41M | $-63M | $-59M | $-47M |
| Diluted EPS | $-0.46 | $-0.41 | $-0.67 | $-0.64 | $-0.73 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.0 | 0.3 | 0.1 |
| Current Ratio | 2.1 | 4.0 | 3.8 | 5.8 | 10.4 |
| Quick Ratio | 1.3 | 2.9 | 1.9 | 3.2 | 9.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $41M | $17M | $-19M | $-39M | $-30M |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 224 filers · $1.5B 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 |
|---|---|---|---|---|
| 40 (-1 vs prior Q) | 35 (-19 vs prior Q) | 66 (+1 vs prior Q) | 63 (-12 vs prior Q) | +20.5M |
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 |
|---|---|---|---|---|
| GENERAL ATLANTIC, L.P. | $351,148,169 | 19,379,038 | 23.12% | Shares |
| North Reef Capital Management LP | $167,157,000 | 9,225,000 | 11.01% | Shares |
| JANA Partners Management, LP | $122,268,451 | 6,747,707 | 8.05% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $78,728,646 | 4,344,848 | 5.18% | Shares |
| ALGEBRIS (UK) LTD | $61,956,035 | 3,430,009 | 4.08% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $52,728,203 | 2,909,945 | 3.47% | Shares |
| Irenic Capital Management LP | $48,473,736 | 2,675,151 | 3.19% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $46,927,176 | 2,589,800 | 3.09% | Shares |
| Long Path Partners LP | $40,580,175 | 2,239,524 | 2.67% | Shares |
| UBS Group AG | $38,093,314 | 2,102,280 | 2.51% | Call option |
| STATE STREET CORP | $34,939,928 | 1,931,864 | 2.30% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $30,098,354 | 1,660,648 | 1.98% | Shares |
| CADIAN CAPITAL MANAGEMENT, LP | $26,760,196 | 1,476,832 | 1.76% | Shares |
| FMR LLC | $26,451,884 | 1,459,817 | 1.74% | Shares |
| Select Equity Group, L.P. | $26,274,109 | 1,450,006 | 1.73% | Shares |
| CITADEL ADVISORS LLC | $19,046,639 | 1,051,139 | 1.25% | Shares |
| GOLDMAN SACHS GROUP INC | $17,905,514 | 988,163 | 1.18% | Shares |
| CYPRESS POINT INVESTMENT MANAGEMENT LP | $16,978,168 | 936,985 | 1.12% | Shares |
| Champlain Investment Partners, LLC | $16,120,639 | 889,660 | 1.06% | Shares |
| NOMURA HOLDINGS INC | $14,018,013 | 773,621 | 0.92% | Shares |
| Praesidium Investment Management Company, LLC | $12,765,486 | 704,497 | 0.84% | Shares |
| ArrowMark Colorado Holdings LLC | $12,370,343 | 682,690 | 0.81% | Shares |
| VANGUARD GROUP INC | $12,113,757 | 525,087 | 0.80% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $11,642,299 | 642,511 | 0.77% | Shares |
| Granahan Investment Management, LLC | $11,375,392 | 627,781 | 0.75% | Shares |
| Tetragon Partners GP Ltd | $10,877,146 | 600,284 | 0.72% | Shares |
| BANK OF AMERICA CORP /DE/ | $10,051,490 | 554,718 | 0.66% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $9,859,799 | 544,139 | 0.65% | Shares |
| Clearline Capital LP | $8,181,234 | 451,503 | 0.54% | Shares |
| MONIMUS CAPITAL MANAGEMENT, LP | $7,931,758 | 437,735 | 0.52% | Shares |
| First Eagle Investment Management, LLC | $7,714,191 | 425,728 | 0.51% | Shares |
| CONGRESS ASSET MANAGEMENT CO | $7,537,485 | 415,976 | 0.50% | Shares |
| HERALD INVESTMENT MANAGEMENT Ltd | $7,244,000 | 400,000 | 0.48% | Shares |
| NICHOLAS COMPANY, INC. | $6,280,066 | 346,582 | 0.41% | Shares |
| Hodges Capital Management Inc. | $6,128,565 | 338,221 | 0.40% | Shares |
| Sovereign's Capital Management, LLC | $5,833,780 | 321,766 | 0.38% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $5,756,923 | 317,711 | 0.38% | Shares |
| JANUS HENDERSON GROUP PLC | $5,546,341 | 353,937 | 0.37% | Shares |
| Jain Global LLC | $5,021,469 | 277,123 | 0.33% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $5,014,837 | 276,757 | 0.33% | Shares |
| ROYCE & ASSOCIATES LP | $4,866,289 | 268,559 | 0.32% | Shares |
| Bank of New York Mellon Corp | $4,802,905 | 265,061 | 0.32% | Shares |
| Quantinno Capital Management LP | $4,300,943 | 237,358 | 0.28% | Shares |
| MARSHALL WACE, LLP | $3,802,736 | 209,864 | 0.25% | Shares |
| CITIGROUP INC | $3,570,655 | 197,056 | 0.24% | Shares |
| AXA Investment Managers S.A. | $3,532,124 | 142,195 | 0.23% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $3,269,500 | 180,436 | 0.22% | Shares |
| MILLENNIUM MANAGEMENT LLC | $3,061,030 | 168,931 | 0.20% | Shares |
| DEUTSCHE BANK AG\ | $2,801,696 | 154,619 | 0.18% | Shares |
| Corient Private Wealth LP | $2,784,792 | 153,686 | 0.18% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $2,716,315 | 149,907 | 0.18% | Shares |
| Taylor Frigon Capital Management LLC | $2,704,881 | 149,276 | 0.18% | Shares |
| BLUEFIN CAPITAL MANAGEMENT, LLC | $2,677,103 | 147,743 | 0.18% | Shares |
| Penbrook Management LLC | $2,547,400 | 140,585 | 0.17% | Shares |
| Swiss National Bank | $2,431,704 | 134,200 | 0.16% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,428,080 | 134,000 | 0.16% | Put option |
| CIBC WORLD MARKET INC. | $2,396,370 | 132,250 | 0.16% | Shares |
| XTX Topco Ltd | $2,228,814 | 123,003 | 0.15% | Shares |
| RICE HALL JAMES & ASSOCIATES, LLC | $2,204,751 | 121,675 | 0.15% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,916,915 | 105,790 | 0.13% | Shares |
| George Kaiser Family Foundation | $1,915,411 | 105,707 | 0.13% | Shares |
| VARCOV Co. | $1,847,932 | 101,983 | 0.12% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $1,829,087 | 100,943 | 0.12% | Shares |
| Galaxy Digital Capital Management GP LLC | $1,750,392 | 96,600 | 0.12% | Shares |
| RAYMOND JAMES FINANCIAL INC | $1,688,657 | 93,193 | 0.11% | Shares |
| RHUMBLINE ADVISERS | $1,611,421 | 88,931 | 0.11% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,526,195 | 97,396 | 0.10% | Shares |
| ZB,N.A. | $1,509,639 | 41,157 | 0.10% | Shares |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $1,260,264 | 69,551 | 0.08% | Shares |
| Chicago Capital, LLC | $1,254,719 | 69,245 | 0.08% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,214,535 | 77,507 | 0.08% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,189,669 | 65,655 | 0.08% | Shares |
| First International Bank & Trust | $1,150,340 | 46,310 | 0.08% | Shares |
| CAXTON ASSOCIATES LP | $1,088,516 | 29,676 | 0.07% | Shares |
| BlackRock, Inc. | $982,992 | 54,249 | 0.06% | Shares |
| CITADEL ADVISORS LLC | $944,052 | 52,100 | 0.06% | Put option |
| Crescent Grove Advisors, LLC | $906,000 | 50,000 | 0.06% | Shares |
| LAVELLE CAPITAL LP | $881,683 | 48,658 | 0.06% | Shares |
| Wealth Enhancement Trust Services, Inc. | $839,137 | 46,310 | 0.06% | Shares |
| TECTONIC ADVISORS LLC | $735,926 | 40,614 | 0.05% | Shares |
| Lee Financial Co | $733,498 | 40,480 | 0.05% | Shares |
| Hudson Bay Capital Management LP | $727,627 | 40,156 | 0.05% | Shares |
| MetLife Investment Management, LLC | $722,680 | 39,883 | 0.05% | Shares |
| BLAIR WILLIAM & CO/IL | $705,249 | 38,921 | 0.05% | Shares |
| ADVISORY RESEARCH INC | $640,017 | 35,321 | 0.04% | Shares |
| Headlands Technologies LLC | $632,968 | 34,932 | 0.04% | Shares |
| MIRABELLA FINANCIAL SERVICES LLP | $611,931 | 33,771 | 0.04% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $608,488 | 33,581 | 0.04% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $574,422 | 31,701 | 0.04% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $567,392 | 31,313 | 0.04% | Shares |
| Vanguard Global Advisers, LLC | $566,087 | 31,241 | 0.04% | Shares |
| LPL Financial LLC | $539,795 | 29,790 | 0.04% | Shares |
| Invesco Ltd. | $493,462 | 27,233 | 0.03% | Shares |
| Bridgefront Capital, LLC | $485,036 | 26,768 | 0.03% | Shares |
| DIVERSIFIED TRUST CO | $477,751 | 26,366 | 0.03% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $472,932 | 26,100 | 0.03% | Call option |
| Amundi | $457,258 | 25,235 | 0.03% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $443,028 | 26,981 | 0.03% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $432,017 | 23,842 | 0.03% | Shares |
| Quadrature Capital Ltd | $428,031 | 23,622 | 0.03% | Shares |
Company insiders 11 insiders · 3 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Alex Shootman | Chief Executive Officer | June 8, 2026 F | 1,190,802 | 0 | 4 | $-4,113,043 |
| Prerna Sachdeva | Chief Accounting Officer | June 1, 2026 F | 86,422 | 0 | 0 | $0 |
| Douglas A. Linebarger | Chief Legal Officer | June 1, 2026 F | 344,646 | 0 | 0 | $0 |
| Maria Ines Alvarez | Director | July 5, 2026 A | 70,594 | 0 | 0 | $0 |
| Steven R Mitchell | Director | July 5, 2026 A | 98,026 | 0 | 0 | $0 |
| Judson C Linville | Director | July 5, 2026 A | 20,780 | 0 | 0 | $0 |
| Jeffrey H Fox | Director | July 5, 2026 A | 20,780 | 0 | 0 | $0 |
| Charles Kane | Director | May 19, 2026 A | 54,646 | 0 | 0 | $0 |
| Eugene H Lockhart | Director | July 14, 2021 S | 421,094 | 0 | 0 | $0 |
| Cassandra Hudson | — | Aug. 7, 2026 A | 332,751 | 0 | 0 | $0 |
| Bryan W Hill | — | Sept. 2, 2025 S | 409,889 | 0 | 1 | $-504,262 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 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 |
|---|---|---|---|---|---|
| JANA Partners Management, LP ×3 filings | June 29, 2026 | 6.30% | Initial filing | Passive investment | SEC |
| General Atlantic, L.P., General Atlantic (SPV) GP, LLC, General Atlantic Partners 100, L.P., General Atlantic (AL), L.P., General Atlantic Partners (Bermuda) EU, L.P., General Atlantic Partners (Lux) SCSp, General Atlantic GenPar, L.P., GAP Coinvestments III, LLC, GAP Coinvestments IV, LLC, GAP Coinvestments V, LLC, GAP Coinvestments CDA, L.P., General Atlantic GenPar (Lux) SCSp, General Atlantic (Lux) S.a r.l., General Atlantic GenPar (Bermuda), L.P., GAP (Bermuda) L.P., General Atlantic Partners (Bermuda) IV, L.P., General Atlantic (SPV) GP (Bermuda), LLC, GA AL Holding, L.P., GENERAL ATLANTIC (AL) SPV, L.P., GAP Coinvestments PE Holdco, L.P., GAP Coinvestments PE, L.P., GAP Coinvestments PE Holdco GP, L.P., GAP Holdings GP, LLC, GAP Coinvestments PE GP, LLC, GA AL Holding II, L.P. ×4 filings | May 15, 2026 | 18.10% | Amendment | — | 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 44 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 |
|---|---|---|---|---|
| SOVF · Elevation Series Trust | 3.27% | 195,188 NS | April 30, 2026 | N-PORT |
| HAPS · Harbor ETF Trust | 0.18% | 17,772 NS | April 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.12% | 1,958 NS | April 30, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.09% | 10,077 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.08% | 612,384 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.07% | 72,900 SH | Aug. 8, 2026 | Daily |
| IGV · iShares Trust | 0.05% | 389,053 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 24,742 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.05% | 2,411 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.04% | 1,709,885 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 391,081 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.03% | 17,359 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 29,860 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.03% | 3,243 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.03% | 377,813 NS | May 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.03% | 774,329 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 40,502 SH | Aug. 8, 2026 | Daily |
| TEXN · iShares Trust | 0.02% | 201 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 11,531 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 917,983 SH | Aug. 8, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.02% | 1,739,189 SH | Aug. 8, 2026 | Daily |
| FTEC · FIDELITY COVINGTON TRUST | 0.02% | 223,945 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 2,538 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 2,390 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 2,567 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 3,938 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 1,346,617 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.01% | 89,314 NS | April 30, 2026 | N-PORT |
| TECB · iShares Trust | 0.01% | 1,995 SH | Aug. 8, 2026 | Daily |
| IGM · iShares Trust | 0.01% | 36,196 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 2,739 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 38,500 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 64 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 4,865 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 108,049 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 47,666 NS | May 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 18,513 SH | Aug. 8, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 3,217 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 9,314 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 33,264 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,877,658 SH | Aug. 8, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 48,728 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 5,940 SH | Aug. 8, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.00% | 14,792 SH | Aug. 8, 2026 | Daily |