AMPX Amprius Technologies, Inc. Common Stock
$10.39
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$6–$24
23% of range
Analyst Rating
BUY
17 analysts
Price Target
$23
+121% upside
P/E (TTM)
-30.7
ROE
-48.8%
Net Profit Margin
-60.3%
AMPX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$10.39
Market Cap
$1.45B
P/E (TTM)
-30.7
EPS (TTM)
$-0.35
Revenue (TTM)
$73M
Div Yield
—
ROE
-48.8%
Debt/Equity
—
52W Range
$6 – $24
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$73M
2021-12-31
→
2025-12-31
EPS
$-0.35
2021-12-31
→
2025-12-31
Free Cash Flow
$-36M
2022-12-31
→
2025-12-31
Margins
-60.3%
2022-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
AMPX
Peer Median
P/E (TTM)
-30.7
33.3
P/S (TTM)
19.8
4.9
P/B
13.9
3.4
Price / FCF
-40.7
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
AMPX
Peer Median
Gross Margin
11.3%
22.1%
Operating Margin
-63.9%
—
Net Profit Margin
-60.3%
-24.8%
ROA
-31.7%
-14.2%
ROE
-48.8%
-29.5%
ROIC
-44.9%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
AMPX
Peer Median
Current Ratio
7.1
3.0
Quick Ratio
6.4
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
AMPX
Peer Median
Revenue YoY
202.1%
—
Revenue CAGR 3Y
154.9%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
AMPX
Peer Median
AMPX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
17 analysts
- Strong Buy 4 23.5%
- Buy 12 70.6%
- Hold 1 5.9%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
9 analysts · 2026-08-19
Median
$22.00
Mean
$23.00
← Below all targets
$10.39
Low
$18.00
High
$30.00
Median target
$22.00
+111.7%
Mean target
$23.00
+121.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.02 | $-0.02 | 0.00% |
| March 31, 2026 | $-0.04 | $-0.02 | -0.02% |
| Dec. 31, 2025 | $-0.18 | $-0.04 | -0.14% |
| Sept. 30, 2025 | $-0.03 | $-0.06 | 0.03% |
| June 30, 2025 | $-0.05 | $-0.08 | 0.03% |
| March 31, 2025 | $-0.08 | $-0.09 | 0.01% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $73M | $24M | $9M | $4M | $3M | |
| Cost of Revenue | $65M | $42M | $24M | $10M | $7M | |
| Gross Profit | $8M | $-18M | $-15M | $-6M | $-4M | |
| R&D Expense | $9M | $7M | $4M | $2M | $1M | |
| SG&A Expense | $23M | $19M | $20M | $10M | $5M | |
| Operating Expenses | $55M | $28M | $24M | $12M | $6M | |
| Operating Income | $-47M | $-46M | $-39M | $-18M | $-11M | |
| Other Non-op | $3M | $2M | $2M | $709.0K | $727.0K | |
| Pretax Income | $-44M | $-45M | $-37M | $-17M | $-10M | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | |
| Net Income | $-44M | $-45M | $-37M | $-17M | $-10M | |
| EPS (Basic) | $-0.35 | $-0.45 | $-0.43 | $-0.24 | $-0.15 | |
| EPS (Diluted) | $-0.35 | $-0.45 | $-0.43 | $-0.24 | $-0.15 | |
| Shares (Basic) | 124,639,991 | 101,872,347 | 86,196,391 | 71,342,720 | 65,764,450 | |
| Shares (Diluted) | 124,639,991 | 101,872,347 | 86,196,391 | 71,342,720 | 65,764,450 | |
| EBITDA | $-42M | $-42M | $-37M | $-17M | · |
Balance Sheet 21
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $90M | $55M | $46M | $70M | $11M | |
| Receivables | $24M | $6M | $1M | $700.0K | $262.0K | |
| Inventory | $7M | $7M | $730.0K | $500.0K | $500.0K | |
| Prepaid Expense | $6M | $1M | $2M | $2M | $156.0K | |
| Current Assets | $126M | $69M | $51M | $75M | $14M | |
| PP&E (Net) | $10M | $17M | $22M | $4M | $4M | |
| PP&E (Gross) | $20M | $29M | $31M | $11M | $10M | |
| Accum. Depreciation | $10M | $12M | $9M | $7M | $6M | |
| Other Non-current Assets | $1M | $1M | $305.0K | $644.0K | $0 | |
| Total Assets | $157M | $121M | $108M | $83M | $19M | |
| Accounts Payable | $7M | $7M | $3M | $1M | $359.0K | |
| Accrued Liabilities | $4M | $5M | $6M | $3M | $1M | |
| Current Liabilities | $18M | $17M | $13M | $7M | $4M | |
| Capital Leases | $35M | $34M | $34M | $3M | $0 | |
| Total Liabilities | $53M | $52M | $48M | $10M | $5M | |
| Paid-in Capital | $322M | $244M | $189M | $166M | $89M | |
| Retained Earnings | $-218M | $-174M | $-130M | $-93M | $-75M | |
| AOCI | $4.0K | $0 | · | · | · | |
| Stockholders' Equity | $104M | $69M | $60M | $73M | $14M | |
| Liabilities + Equity | $157M | $121M | $108M | $83M | $19M | |
| Shares Outstanding | 134,536,592 | 116,934,314 | 88,869,463 | 84,610,114 | 65,772,001 |
Cash Flow 11
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| D&A | $4M | $4M | $2M | $2M | $1M | |
| Stock-based Comp | $7M | $7M | $4M | $3M | $2M | |
| Other Non-cash | $1M | $168.0K | $6M | $-798.0K | · | |
| Operating Cash Flow | $-31M | $-33M | $-26M | $-14M | $-8M | |
| CapEx | $4M | $3M | $18M | $1M | $609.0K | |
| Investing Cash Flow | $-4M | $-3M | $-18M | $-1M | $-609.0K | |
| Stock Issued | · | · | · | $78M | $0 | |
| Net Stock Activity | · | · | · | $78M | · | |
| Financing Cash Flow | $71M | $47M | $19M | $74M | $20M | |
| Net Change in Cash | · | $11M | $-24M | $58M | $11M | |
| Free Cash Flow | $-36M | $-37M | $-43M | $-15M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Gross Margin | 11.3% | -75.8% | -162.1% | -123.4% | · | |
| Operating Margin | -63.9% | -191.4% | -427.6% | -409.2% | · | |
| Net Margin | -60.3% | -184.8% | -406.2% | -393.1% | · | |
| Pretax Margin | -60.3% | -184.8% | -406.2% | -393.1% | · | |
| EBITDA Margin | -57.9% | -175.7% | -407.6% | -374.3% | · | |
| ROA | -31.7% | -39.0% | -38.5% | -34.1% | · | |
| ROE | -48.8% | -71.2% | -58.6% | -23.3% | · | |
| ROIC | -44.9% | -66.6% | -64.7% | -24.7% | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 7.1 | 4.0 | 3.8 | 10.9 | · | |
| Quick Ratio | 6.4 | 3.5 | 3.5 | 10.2 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.2 | 0.1 | 0.1 | · | |
| Inventory Turnover | 9.7 | 11.6 | 38.6 | 19.7 | · | |
| Receivables Turnover | 5.0 | 7.0 | 9.2 | 6.4 | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue YoY | 202.1% | 166.9% | 105.3% | 59.1% | · | |
| Revenue CAGR 3Y | 154.9% | 105.8% | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $73M | $24M | $9M | $4M | · | |
| Net Income TTM | $-44M | $-45M | $-37M | $-17M | · | |
| Market Cap | $1.06B | $327M | $470M | $671M | · | |
| P/E | -22.5 | -6.2 | -12.3 | -33.0 | · | |
| P/S | 14.5 | 13.5 | 51.9 | 152.2 | · | |
| P/B | 10.2 | 4.7 | 7.9 | 9.2 | · | |
| P / Tangible Book | 10.2 | 4.7 | 7.9 | 9.2 | · | |
| P / Cash Flow | -34.1 | -9.8 | -18.4 | -48.3 | · | |
| P / FCF | -29.9 | -9.0 | -10.9 | -43.7 | · | |
| Earnings Yield | -4.4% | -16.1% | -8.1% | -3.0% | · |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34M | $29M | $25M | $21M | $15M | $11M | $11M | $8M | $3M | $2M | $4M | $3M | $2M | $679.0K | $792.0K | $816.0K | |
| Cost of Revenue | $25M | $23M | $19M | $18M | $14M | $14M | $13M | $13M | $10M | $7M | $8M | $7M | $5M | $4M | $3M | $2M | |
| Gross Profit | $9M | $6M | $6M | $3M | $1M | $-2M | $-2M | $-5M | $-7M | $-4M | $-4M | $-4M | $-3M | $-4M | $-2M | $-2M | |
| R&D Expense | $4M | $4M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $815.0K | $772.0K | $800.0K | $690.0K | $490.0K | |
| SG&A Expense | $9M | $9M | $6M | $6M | $6M | $5M | $5M | $4M | $5M | $4M | $5M | $4M | $6M | $5M | $4M | $2M | |
| Operating Expenses | $14M | $12M | $31M | $8M | $8M | $7M | $10M | $6M | $6M | $6M | $6M | $5M | $7M | $6M | $5M | $3M | |
| Operating Income | $-4M | $-7M | $-25M | $-5M | $-7M | $-10M | $-12M | $-11M | $-13M | $-10M | $-10M | $-9M | $-10M | $-10M | $-7M | $-4M | |
| Other Non-op | $1M | $2M | $1M | $800.0K | $443.0K | $300.0K | $340.0K | $403.0K | $415.0K | $433.0K | $10.0K | $639.0K | $635.0K | $649.0K | $591.0K | $79.0K | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Income | $-3M | $-5M | $-24M | $-4M | $-6M | $-9M | $-11M | $-11M | $-13M | $-10M | $-10M | $-8M | $-9M | $-9M | $-6M | $-4M | |
| EPS (Basic) | $-0.04 | $-0.04 | $-0.19 | $-0.03 | $-0.05 | $-0.08 | $-0.11 | $-0.10 | $-0.13 | $-0.11 | $-0.11 | $-0.10 | $-0.11 | $-0.11 | $-0.08 | $-0.06 | |
| EPS (Diluted) | $-0.04 | $-0.04 | $-0.19 | $-0.03 | $-0.05 | $-0.08 | $-0.11 | $-0.10 | $-0.13 | $-0.11 | $-0.11 | $-0.10 | $-0.11 | $-0.11 | $-0.08 | $-0.06 | |
| Shares (Basic) | 143,469,187 | 136,947,076 | -241,743,412 | 126,630,085 | 121,783,506 | 117,969,812 | -195,614,010 | 110,408,303 | 97,048,734 | 90,029,320 | -170,019,600 | 86,354,067 | 85,216,827 | 84,645,097 | -129,221,526 | 69,013,168 | |
| Shares (Diluted) | 143,469,187 | 136,947,076 | -241,743,412 | 126,630,085 | 121,783,506 | 117,969,812 | -195,614,010 | 110,408,303 | 97,048,734 | 90,029,320 | -170,019,600 | 86,354,067 | 85,216,827 | 84,645,097 | -129,221,526 | 69,013,168 | |
| EBITDA | $-4M | $-6M | · | $-5M | $-7M | $-9M | · | $-11M | $-13M | $-9M | · | $-9M | $-10M | $-9M | · | $-4M |
Balance Sheet 21
| 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 | $75M | $62M | $90M | $73M | $54M | $48M | $55M | $35M | $46M | $39M | $46M | $53M | $65M | $64M | $70M | $74M | |
| Receivables | $41M | $35M | $24M | $22M | $11M | $10M | $6M | $5M | $2M | $1M | $1M | $2M | $1M | $555.0K | $686.0K | $782.0K | |
| Inventory | $12M | $8M | $7M | $5M | $4M | $4M | $7M | $3M | $2M | $858.0K | $730.0K | $487.0K | $503.0K | $845.0K | $500.0K | $503.0K | |
| Prepaid Expense | $5M | $8M | $6M | $7M | $3M | $3M | $1M | $3M | $2M | $3M | $2M | $3M | $1M | $2M | $2M | $2M | |
| Current Assets | $132M | $114M | $126M | $107M | $72M | $66M | $69M | $45M | $53M | $46M | $51M | $61M | $71M | $70M | $75M | $78M | |
| PP&E (Net) | $12M | $11M | $10M | $16M | $17M | $18M | $17M | $24M | $24M | $23M | $22M | $17M | $7M | $5M | $4M | $4M | |
| PP&E (Gross) | $23M | $21M | $20M | $31M | $31M | $31M | $29M | $36M | $35M | $33M | $31M | $25M | $15M | $13M | $11M | $11M | |
| Accum. Depreciation | $11M | $11M | $10M | $15M | $14M | $13M | $12M | $12M | $11M | $10M | $9M | $9M | $8M | $8M | $7M | $7M | |
| Other Non-current Assets | $63.0K | $62.0K | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $305.0K | $957.0K | $702.0K | $684.0K | $644.0K | $604.0K | |
| Total Assets | $149M | $131M | $157M | $156M | $123M | $118M | $121M | $104M | $113M | $105M | $108M | $87M | $87M | $84M | $83M | $87M | |
| Accounts Payable | $10M | $9M | $7M | $8M | $4M | $6M | $7M | $5M | $4M | $2M | $3M | $4M | $597.0K | $1M | $1M | $3M | |
| Accrued Liabilities | $4M | $3M | $4M | $4M | $4M | $2M | $5M | $4M | $3M | $3M | $6M | $6M | $7M | $4M | $3M | $2M | |
| Current Liabilities | $18M | $16M | $18M | $16M | $12M | $14M | $17M | $13M | $13M | $10M | $13M | $14M | $12M | $9M | $7M | $6M | |
| Capital Leases | $5M | $5M | $35M | $34M | $34M | $34M | $34M | $35M | $35M | $35M | $34M | $7M | $7M | $7M | $3M | $3M | |
| Total Liabilities | $24M | $21M | $53M | $53M | $46M | $48M | $52M | $48M | $48M | $45M | $48M | $21M | $20M | $17M | $10M | $10M | |
| Paid-in Capital | $352M | $333M | $322M | $297M | $267M | $254M | $244M | $219M | $217M | $199M | $189M | $186M | $178M | $169M | $166M | $163M | |
| Retained Earnings | $-227M | $-223M | $-218M | $-194M | $-190M | $-184M | $-174M | $-163M | $-152M | $-140M | $-130M | $-120M | $-111M | $-102M | $-93M | $-87M | |
| AOCI | $23.0K | $10.0K | $4.0K | $-3.0K | $-7.0K | $-4.0K | $0 | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $126M | $109M | $104M | $103M | $77M | $70M | $69M | $56M | $65M | $60M | $60M | $66M | $67M | $67M | $73M | $76M | |
| Liabilities + Equity | $149M | $131M | $157M | $156M | $123M | $118M | $121M | $104M | $113M | $105M | $108M | $87M | $87M | $84M | $83M | $87M | |
| Shares Outstanding | 146,080,618 | 139,284,061 | 134,536,592 | 130,444,128 | 125,075,837 | 120,546,077 | 116,934,314 | 111,338,789 | 107,978,287 | 92,274,165 | 88,869,463 | 84,610,114 | 84,610,114 | 84,610,114 | 84,610,114 | 84,254,000 |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $751.0K | $761.0K | $1M | $1M | $1M | $943.0K | $891.0K | $864.0K | $1M | $1M | $490.0K | $400.0K | $500.0K | $416.0K | $481.0K | $400.0K | |
| Stock-based Comp | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $924.0K | $726.0K | $586.0K | $777.0K | |
| Other Non-cash | · | $-35M | · | · | · | $-8M | · | · | · | $-2M | · | · | · | $1M | · | · | |
| Operating Cash Flow | $-3M | $-37M | $-3M | $-9M | $-4M | $-14M | $-6M | $-10M | $-8M | $-10M | $-5M | $-9M | $-6M | $-6M | $-6M | $-7M | |
| CapEx | $2M | $980.0K | $2M | $414.0K | $716.0K | $913.0K | $-4M | $1M | $2M | $4M | $6M | $9M | $2M | $1M | $734.0K | $553.0K | |
| Investing Cash Flow | $-2M | $-625.0K | $-2M | $-414.0K | $-716.0K | $-913.0K | $4M | $-1M | $-2M | $-4M | $-6M | $-9M | $-2M | $-1M | $-734.0K | $229M | |
| Stock Issued | · | · | · | $26M | $10M | $8M | · | $0 | $3M | $8M | · | $6M | $8M | $2M | · | $0 | |
| Net Stock Activity | · | · | · | · | · | $8M | · | · | · | · | · | · | · | $2M | · | · | |
| Financing Cash Flow | $17M | $9M | $23M | $29M | $11M | $9M | $23M | $-540.0K | $17M | $8M | $3M | $6M | $8M | $2M | $2M | $-161M | |
| Net Change in Cash | · | · | · | · | · | · | · | $-11M | $7M | $-6M | $-8M | $-12M | $823.0K | $-6M | $-4M | $69M | |
| Free Cash Flow | · | $-38M | · | · | · | $-15M | · | · | · | $-14M | · | · | · | $-8M | · | · |
Profitability 6
| 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 | 27.3% | 20.1% | · | 15.5% | 8.9% | -20.9% | · | -64.9% | -195.2% | -190.3% | · | -151.8% | -185.8% | -504.4% | · | -179.9% | |
| Operating Margin | -12.6% | -23.4% | · | -21.9% | -45.2% | -85.7% | · | -143.3% | -386.6% | -441.7% | · | -326.3% | -617.8% | -1436.1% | · | -529.8% | |
| Net Margin | -9.3% | -17.7% | · | -18.2% | -42.3% | -83.0% | · | -138.1% | -374.2% | -423.2% | · | -303.5% | -578.9% | -1340.5% | · | -520.1% | |
| EBITDA Margin | -12.6% | -20.8% | · | -21.9% | -45.2% | -77.3% | · | -143.3% | -386.6% | -398.2% | · | -312.0% | -587.2% | -1374.8% | · | -482.5% | |
| ROA | -2.3% | -4.0% | · | -3.0% | -5.4% | -8.4% | · | -11.4% | -12.6% | -10.5% | · | -9.8% | -5.9% | -5.7% | · | -9.8% | |
| ROE | -3.1% | -5.6% | · | -4.9% | -9.0% | -14.4% | · | -17.8% | -19.0% | -15.6% | · | -12.0% | -39.1% | -39.6% | · | -11.2% |
Liquidity & Solvency 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.2 | 7.1 | · | 6.6 | 5.9 | 4.7 | · | 3.5 | 4.1 | 4.7 | · | 4.4 | 5.9 | 7.9 | · | 12.7 | |
| Quick Ratio | 6.3 | 6.1 | · | 5.9 | 5.4 | 4.2 | · | 3.0 | 3.8 | 4.1 | · | 4.0 | 5.5 | 7.3 | · | 12.2 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.1 | · | 0.1 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Inventory Turnover | 3.1 | 3.7 | · | 4.9 | 4.7 | 5.6 | · | 8.2 | 9.7 | 8.0 | · | 14.2 | 18.5 | 9.7 | · | 9.1 | |
| Receivables Turnover | 1.3 | 1.2 | · | 1.6 | 2.4 | 1.9 | · | 2.4 | 2.3 | 2.3 | · | 2.1 | 2.9 | 2.4 | · | 2.1 |
Valuation (TTM) 10
| 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 | $99M | $76M | · | $56M | $38M | $25M | · | $16M | $10M | $7M | · | $6M | $4M | $4M | · | $4M | |
| Net Income TTM | $-18M | $-25M | · | $-30M | $-39M | $-43M | · | $-42M | $-40M | $-37M | · | $-31M | $-27M | $-20M | · | $-14M | |
| Market Cap | $2.02B | $2.35B | · | $1.37B | $527M | $323M | · | $124M | $137M | $245M | · | $401M | $608M | $737M | · | $777M | |
| P/E | -86.6 | -84.3 | · | -40.5 | -11.7 | -6.4 | · | -2.5 | -2.8 | -6.2 | · | -12.5 | -21.1 | -32.3 | · | -43.9 | |
| P/S | 20.4 | 30.8 | · | 24.7 | 14.0 | 13.0 | · | 7.6 | 13.6 | 32.8 | · | 67.7 | 159.1 | 171.5 | · | 196.9 | |
| P/B | 16.1 | 21.5 | · | 13.3 | 6.9 | 4.6 | · | 2.2 | 2.1 | 4.1 | · | 6.1 | 9.1 | 11.0 | · | 10.2 | |
| P / Tangible Book | 16.1 | 21.5 | · | 13.3 | 6.9 | 4.6 | · | 2.2 | 2.1 | 4.1 | · | 6.1 | 9.1 | 11.0 | · | 10.2 | |
| P / Cash Flow | · | -63.0 | · | · | · | -22.9 | · | · | · | -25.0 | · | · | · | -113.5 | · | · | |
| P / FCF | · | -61.4 | · | · | · | -21.5 | · | · | · | -17.9 | · | · | · | -96.6 | · | · | |
| Earnings Yield | -1.1% | -1.2% | · | -2.5% | -8.6% | -15.7% | · | -39.6% | -35.4% | -16.2% | · | -8.0% | -4.7% | -3.1% | · | -2.3% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $73M | $24M | $9M | $4M | $3M |
| Gross Margin % | 11.3% | -75.8% | -162.1% | -123.4% | — |
| Operating Margin % | -63.9% | -191.4% | -427.6% | -409.2% | — |
| Net Income | $-44M | $-45M | $-37M | $-17M | $-10M |
| Diluted EPS | $-0.35 | $-0.45 | $-0.43 | $-0.24 | $-0.15 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 7.1 | 4.0 | 3.8 | 10.9 | — |
| Quick Ratio | 6.4 | 3.5 | 3.5 | 10.2 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-36M | $-37M | $-43M | $-15M | — |
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Institutional owners (13F) 300 filers · $1.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 83 (-5 vs prior Q) | 47 (+15 vs prior Q) | 116 (+23 vs prior Q) | 59 (+4 vs prior Q) | +24.5M |
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 |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $77,102,972 | 5,562,985 | 6.33% | Shares |
| JANE STREET GROUP, LLC | $64,048,446 | 4,621,100 | 5.26% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $63,273,672 | 4,565,200 | 5.20% | Call option |
| TWO SIGMA INVESTMENTS, LP | $59,856,212 | 4,318,630 | 4.92% | Shares |
| STATE STREET CORP | $44,910,350 | 3,240,285 | 3.69% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $41,650,621 | 3,004,430 | 3.42% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $35,775,432 | 2,581,200 | 2.94% | Put option |
| JANE STREET GROUP, LLC | $33,800,770 | 2,438,728 | 2.78% | Shares |
| Point72 Asset Management, L.P. | $29,940,372 | 2,160,200 | 2.46% | Call option |
| JUPITER ASSET MANAGEMENT LTD | $29,568,882 | 2,133,397 | 2.43% | Shares |
| CITADEL ADVISORS LLC | $29,032,542 | 2,094,700 | 2.39% | Put option |
| GOLDMAN SACHS GROUP INC | $27,465,912 | 1,981,668 | 2.26% | Shares |
| LMR Partners LLP | $24,266,781 | 1,750,850 | 1.99% | Shares |
| CITADEL ADVISORS LLC | $20,770,596 | 1,498,600 | 1.71% | Call option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $20,202,738 | 1,457,629 | 1.66% | Shares |
| Hood River Capital Management LLC | $19,577,472 | 1,412,516 | 1.61% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $19,527,701 | 1,408,925 | 1.60% | Shares |
| Driehaus Capital Management LLC | $18,645,428 | 1,345,269 | 1.53% | Shares |
| JANE STREET GROUP, LLC | $18,194,022 | 1,312,700 | 1.49% | Call option |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $17,306,982 | 1,248,700 | 1.42% | Shares |
| MILLENNIUM MANAGEMENT LLC | $16,743,116 | 1,208,017 | 1.38% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $16,312,652 | 1,176,959 | 1.34% | Shares |
| Point72 Asset Management, L.P. | $15,797,780 | 1,139,811 | 1.30% | Shares |
| Qube Research & Technologies Ltd | $15,747,386 | 1,136,175 | 1.29% | Shares |
| Trexquant Investment LP | $15,211,794 | 1,097,532 | 1.25% | Shares |
| BARCLAYS PLC | $15,086,860 | 1,088,518 | 1.24% | Shares |
| Point72 Asset Management, L.P. | $14,964,642 | 1,079,700 | 1.23% | Put option |
| FIRST TRUST ADVISORS LP | $14,377,587 | 1,037,344 | 1.18% | Shares |
| Nearwater Capital Markets, Ltd | $14,340,942 | 1,034,700 | 1.18% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $13,717,117 | 989,691 | 1.13% | Shares |
| DLD Asset Management, LP | $12,643,092 | 912,200 | 1.04% | Call option |
| Shannon River Fund Management LLC | $11,626,974 | 838,887 | 0.96% | Shares |
| D. E. Shaw & Co., Inc. | $11,295,900 | 815,000 | 0.93% | Put option |
| UBS Group AG | $11,112,948 | 801,800 | 0.91% | Put option |
| TUDOR INVESTMENT CORP ET AL | $10,359,352 | 747,428 | 0.85% | Shares |
| IMC-Chicago, LLC | $10,174,820 | 734,114 | 0.84% | Shares |
| Stephens Investment Management Group LLC | $9,900,531 | 714,324 | 0.81% | Shares |
| D. E. Shaw & Co., Inc. | $9,311,314 | 671,812 | 0.77% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $8,817,732 | 636,200 | 0.72% | Shares |
| PEAK6 LLC | $8,328,474 | 600,900 | 0.68% | Call option |
| Wolf Hill Capital Management, LP | $7,307,810 | 527,259 | 0.60% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $7,249,639 | 523,062 | 0.60% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $7,016,874 | 506,268 | 0.58% | Shares |
| OPPENHEIMER & CO INC | $6,995,780 | 504,746 | 0.57% | Shares |
| UBS Group AG | $6,930,000 | 500,000 | 0.57% | Call option |
| DNB Asset Management AS | $6,818,635 | 491,965 | 0.56% | Shares |
| VANGUARD GROUP INC | $6,695,683 | 848,629 | 0.55% | Shares |
| POLEN CAPITAL MANAGEMENT LLC | $6,453,188 | 465,598 | 0.53% | Shares |
| Coppell Advisory Solutions LLC | $6,138,458 | 500 | 0.50% | Shares |
| Baird Financial Group, Inc. | $6,041,491 | 435,894 | 0.50% | Shares |
| FEDERATED HERMES, INC. | $5,941,685 | 428,693 | 0.49% | Shares |
| ALGERT GLOBAL LLC | $5,888,185 | 424,833 | 0.48% | Shares |
| HighTower Advisors, LLC | $5,771,775 | 416,434 | 0.47% | Shares |
| Parallax Volatility Advisers, L.P. | $5,336,100 | 385,000 | 0.44% | Put option |
| Palisades Investment Partners, LLC | $5,106,842 | 368,459 | 0.42% | Shares |
| NOMURA HOLDINGS INC | $5,086,620 | 367,000 | 0.42% | Call option |
| Sender Co & Partners, Inc. | $4,929,891 | 355,692 | 0.41% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $4,751,166 | 342,797 | 0.39% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $4,235,353 | 305,581 | 0.35% | Shares |
| ESSEX INVESTMENT MANAGEMENT CO LLC | $3,944,487 | 284,595 | 0.32% | Shares |
| TWO SIGMA ADVISERS, LP | $3,783,255 | 479,500 | 0.31% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,522,006 | 254,113 | 0.29% | Shares |
| CREDIT AGRICOLE S A | $3,465,000 | 250,000 | 0.28% | Put option |
| Swiss National Bank | $3,430,350 | 247,500 | 0.28% | Shares |
| MILLENNIUM MANAGEMENT LLC | $3,326,400 | 240,000 | 0.27% | Put option |
| GROUP ONE TRADING LLC | $2,956,504 | 213,312 | 0.24% | Shares |
| Voleon Capital Management LP | $2,846,082 | 205,345 | 0.23% | Shares |
| Amundi | $2,727,191 | 196,767 | 0.22% | Shares |
| BLAIR WILLIAM & CO/IL | $2,698,708 | 194,712 | 0.22% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $2,695,965 | 159,903 | 0.22% | Shares |
| Aquatic Capital Management LLC | $2,622,797 | 189,235 | 0.22% | Shares |
| HITE Hedge Asset Management LLC | $2,583,407 | 186,393 | 0.21% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,563,732 | 152,060 | 0.21% | Shares |
| ALPS ADVISORS INC | $2,556,934 | 184,483 | 0.21% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $2,553,386 | 184,227 | 0.21% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $2,545,126 | 183,631 | 0.21% | Shares |
| XTX Topco Ltd | $2,497,212 | 180,174 | 0.21% | Shares |
| ExodusPoint Capital Management, LP | $2,484,710 | 179,272 | 0.20% | Shares |
| Bank of New York Mellon Corp | $2,396,034 | 172,874 | 0.20% | Shares |
| BlackRock, Inc. | $2,385,805 | 172,136 | 0.20% | Shares |
| Huntleigh Advisors, Inc. | $2,370,456 | 171,028 | 0.19% | Shares |
| RHUMBLINE ADVISERS | $2,327,957 | 167,963 | 0.19% | Shares |
| CANTOR FITZGERALD, L. P. | $2,050,019 | 147,909 | 0.17% | Shares |
| LPL Financial LLC | $2,040,649 | 147,233 | 0.17% | Shares |
| CITADEL ADVISORS LLC | $1,966,734 | 141,900 | 0.16% | Shares |
| MORGAN STANLEY | $1,859,361 | 134,153 | 0.15% | Shares |
| Cubist Systematic Strategies, LLC | $1,838,462 | 174,759 | 0.15% | Shares |
| MARSHALL WACE, LLP | $1,818,432 | 131,200 | 0.15% | Shares |
| PEAK6 LLC | $1,801,800 | 130,000 | 0.15% | Put option |
| TUDOR INVESTMENT CORP ET AL | $1,762,992 | 127,200 | 0.14% | Put option |
| Clear Street Group Inc. | $1,697,490 | 122,474 | 0.14% | Shares |
| Squarepoint Ops LLC | $1,660,428 | 119,800 | 0.14% | Call option |
| CANADA PENSION PLAN INVESTMENT BOARD | $1,657,656 | 119,600 | 0.14% | Shares |
| Foundations Investment Advisors, LLC | $1,655,785 | 119,465 | 0.14% | Shares |
| SLT Holdings LLC | $1,632,015 | 117,750 | 0.13% | Shares |
| Lisanti Capital Growth, LLC | $1,576,021 | 113,710 | 0.13% | Shares |
| NOMURA HOLDINGS INC | $1,521,939 | 109,808 | 0.13% | Shares |
| HUSSMAN STRATEGIC ADVISORS, INC. | $1,455,300 | 105,000 | 0.12% | Shares |
| Faithward Advisors, LLC | $1,419,929 | 102,448 | 0.12% | Shares |
| CREDIT AGRICOLE S A | $1,386,000 | 100,000 | 0.11% | Shares |
Company insiders 12 insiders · 4 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Thomas M Stepien | Chief Executive Officer | June 4, 2026 G | 625,625 | 0 | 3 | $-1,014,847 |
| Sandra Wallach | Chief Financial Officer | Sept. 14, 2022 A | — | 0 | 0 | $0 |
| Jonathan Bornstein | Chief Operating Officer | Sept. 14, 2022 A | — | 0 | 0 | $0 |
| Constantin Ionel Stefan | Chief Technology Officer | May 27, 2026 S | 801,310 | 0 | 2 | $-481,240 |
| Donald R Dixon | Director | June 15, 2026 S | 359,380 | 0 | 3 | $-2,544,970 |
| Livingston Satterthwaite | Director | June 12, 2026 A | 346,506 | 0 | 0 | $0 |
| Steven Chu | Director | June 12, 2026 A | 137,762 | 0 | 4 | $-5,864,664 |
| Kathleen A Bayless | Director | June 12, 2026 A | 216,120 | 0 | 0 | $0 |
| Kang Sun | Director | May 27, 2026 S | 1,280,498 | 0 | 2 | $-1,008,715 |
| Justin E Mirro | Director | July 23, 2024 D | 2,393,042 | 0 | 0 | $0 |
| Wen Hsuan Hsieh | Director | Sept. 14, 2022 A | — | 0 | 0 | $0 |
| Kensington Capital Sponsor IV LLC | — | Sept. 14, 2022 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 4 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 |
|---|---|---|---|---|---|
| Trident Capital Management VI, L.L.C., Trident Capital Fund-VI, L.P., Trident Capital Fund—VI Principals Fund, L.L.C., Donald R. Dixon, John H. Moragne | Oct. 28, 2024 | — | Initial filing | — | SEC |
| Amprius, Inc. ×3 filings | Oct. 25, 2024 | — | Initial filing | — | SEC |
| Kang Sun | Oct. 25, 2024 | — | Initial filing | — | SEC |
| Kensington Capital Sponsor IV LLC, Kensington Capital Partners, LLC, Justin Mirro ×3 filings | Sept. 23, 2022 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 41 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 |
|---|---|---|---|---|
| ACES · ALPS ETF Trust | 2.43% | 174,289 NS | May 31, 2026 | N-PORT |
| CTEC · Global X Funds | 1.85% | 30,803 NS | May 31, 2026 | N-PORT |
| DRIV · Global X Funds | 1.73% | 406,548 NS | May 31, 2026 | N-PORT |
| PBW · Invesco Exchange-Traded Fund Trust | 1.30% | 499,834 SH | Aug. 8, 2026 | Daily |
| IDRV · iShares Trust | 0.78% | 94,013 SH | Aug. 8, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.70% | 345,758 NS | April 30, 2026 | N-PORT |
| MMSC · First Trust Exchange-Traded Fund VI… | 0.57% | 14,749 NS | May 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.36% | 205,886 NS | April 30, 2026 | N-PORT |
| IBAT · iShares Trust | 0.34% | 21,776 SH | Aug. 8, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.25% | 18,475 NS | April 30, 2026 | N-PORT |
| CCSO · Tidal Trust II | 0.23% | 5,023 NS | April 30, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.15% | 209,837 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.14% | 34,817 SH | Aug. 8, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.14% | 32,260 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.13% | 44,317 NS | April 30, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.11% | 147,365 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.11% | 52,871 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.09% | 1,240,984 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.07% | 49,907 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.06% | 791,486 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.06% | 5,419 NS | May 31, 2026 | N-PORT |
| SMLF · iShares Trust | 0.06% | 213,231 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.06% | 626,393 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.05% | 3,509,338 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.04% | 38,042 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.04% | 34,826 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.03% | 4,241 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.03% | 85,970 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.02% | 4,291 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 5,401 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 1,624,734 SH | Aug. 8, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | 0.02% | 149,982 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 7,180 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 4,119 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 108 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 75,316 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 2,926 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 177,100 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 33,148 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,824,005 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 11,289 SH | Aug. 8, 2026 | Daily |