ARTNA Artesian Resources Corporation - Class A Non-Voting Common Stock
$35.21
Price · Aug 18, 2026
Fundamentals as of Aug 12, 2026
52W Range
$30–$36
88% of range
Analyst Rating
BUY
9 analysts
Price Target
—
P/E (TTM)
14.3
ROE
—
Net Profit Margin
—
ARTNA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$35.21
Market Cap
—
P/E (TTM)
14.3
EPS (TTM)
$2.21
Revenue (TTM)
$113M
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$31 – $36
ARTNA 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
$113M
2022-12-31
→
2025-12-31
EPS
$2.21
2022-12-31
→
2025-12-31
Free Cash Flow
—
2022-12-31
→
2024-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ARTNA
Peer Median
P/E (TTM)
14.3
24.2
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ARTNA
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ARTNA
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ARTNA
Peer Median
Revenue YoY
4.6%
—
Revenue CAGR 3Y
4.5%
—
Revenue CAGR 5Y
5.1%
—
EPS YoY
11.6%
—
Net Income YoY
11.9%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ARTNA
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 17, 2026 | $0.3200 |
| May 15, 2026 | $0.3200 |
| Feb. 13, 2026 | $0.3140 |
| Nov. 14, 2025 | $0.3140 |
| Aug. 15, 2025 | $0.3070 |
| May 16, 2025 | $0.3070 |
| Feb. 7, 2025 | $0.3010 |
| Nov. 15, 2024 | $0.3010 |
| Aug. 16, 2024 | $0.2960 |
| May 16, 2024 | $0.2960 |
| Feb. 8, 2024 | $0.2900 |
| Nov. 15, 2023 | $0.2900 |
| Aug. 16, 2023 | $0.2840 |
| May 18, 2023 | $0.2840 |
| Feb. 8, 2023 | $0.2780 |
| Nov. 10, 2022 | $0.2780 |
| Aug. 8, 2022 | $0.2730 |
| May 6, 2022 | $0.2730 |
| Feb. 8, 2022 | $0.2680 |
| Nov. 5, 2021 | $0.2680 |
ARTNA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
9 analysts
- Strong Buy 3 33.3%
- Buy 5 55.6%
- Hold 1 11.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.06%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.64 | $0.61 | 0.03% |
| Sept. 30, 2025 | $0.68 | $0.68 | 0.00% |
| June 30, 2025 | $0.61 | $0.58 | 0.03% |
| March 31, 2025 | $0.53 | $0.36 | 0.17% |
| Dec. 31, 2024 | $0.37 | $0.33 | 0.04% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ARTNA | — | 14.3 | 4.6% | — | — | — |
| AWR | $2.83B | 21.5 | 10.5% | 19.8% | 12.9% | — |
| CWT | $2.58B | 20.2 | 6.4% | 13.3% | 7.7% | — |
| HTO | $1.77B | 16.8 | 7.0% | 12.8% | 6.8% | — |
| MSEX | $934M | 21.4 | 1.5% | 22.0% | 9.0% | — |
| YORW | $460M | 22.9 | 3.4% | 25.9% | 8.5% | — |
| CDZI | $467M | — | 69.8% | -209.4% | -116.1% | — |
| PCYO | $242M | 18.6 | -9.2% | 50.2% | 9.5% | 61.5% |
| GWRS | — | 76.8 | 5.8% | 5.3% | 3.6% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $113M | $108M | $99M | $99M | $91M | $88M | $84M | $80M | $82M | $79M | |
| Operating Expenses | $85M | $82M | $76M | $75M | $69M | $66M | $64M | $61M | $63M | $60M | |
| Operating Income | $28M | $26M | $22M | $24M | $22M | $22M | $20M | $19M | $20M | $19M | |
| Interest Expense | $9M | $9M | $9M | $9M | $8M | $8M | $7M | $6M | $6M | $7M | |
| Other Non-op | $1M | $1M | $1M | $1M | $1M | $971.0K | $614.0K | $953.0K | $226.0K | $557.0K | |
| Pretax Income | · | · | · | · | · | $23M | $20M | $19M | $21M | $21M | |
| Income Tax | $8M | $7M | $6M | $6M | $6M | $6M | $5M | $5M | $7M | $8M | |
| Net Income | $23M | $20M | $17M | $18M | $17M | $17M | $15M | $14M | $14M | $13M | |
| EPS (Basic) | $2.21 | $1.98 | $1.67 | $1.90 | $1.79 | $1.80 | $1.61 | $1.55 | $1.52 | $1.42 | |
| EPS (Diluted) | $2.21 | $1.98 | $1.67 | $1.90 | $1.79 | $1.79 | $1.60 | $1.54 | $1.51 | $1.41 | |
| Shares (Basic) | 10,309,000 | 10,294,000 | 10,018,000 | 9,462,000 | 9,394,000 | 9,327,000 | 9,277,000 | 9,239,000 | 9,175,000 | 9,098,000 | |
| Shares (Diluted) | 10,312,000 | 10,296,000 | 10,022,000 | 9,481,000 | 9,426,000 | 9,369,000 | 9,326,000 | 9,293,000 | 9,242,000 | 9,161,000 | |
| EBITDA | · | $40M | $36M | $37M | $34M | $33M | $31M | $29M | $29M | $28M |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $52.0K | $1M | $3M | $1M | $92.0K | $28.0K | $596.0K | $293.0K | $952.0K | $226.0K | |
| Receivables | $9M | $11M | $13M | $14M | $8M | $10M | $7M | $8M | $8M | $8M | |
| Prepaid Expense | $4M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | |
| Current Assets | $21M | $25M | $31M | $28M | $19M | $18M | $14M | $16M | $19M | $15M | |
| PP&E (Net) | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | |
| Accum. Depreciation | $1M | $1M | $1M | $990.0K | $919.0K | $865.0K | $790.0K | $734.0K | $689.0K | $611.0K | |
| Goodwill | $2M | $2M | $2M | $2M | $0 | $0 | $0 | $0 | · | · | |
| Other Non-current Assets | $10M | $7M | $9M | $11M | $5M | $5M | $4M | $4M | $4M | $4M | |
| Total Assets | $851M | $799M | $767M | $720M | $625M | $593M | $560M | $530M | $495M | $451M | |
| Accounts Payable | $14M | $11M | $10M | $11M | $10M | $6M | $8M | $8M | $9M | $6M | |
| Accrued Liabilities | $5M | $5M | $4M | $4M | $4M | $3M | $3M | $4M | $3M | $1M | |
| Short-term Debt | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | · | |
| Current Liabilities | $34M | $26M | $22M | $44M | $47M | $44M | $26M | $38M | $28M | $19M | |
| Capital Leases | $407.0K | $404.0K | $503.0K | $466.0K | $440.0K | $432.0K | $450.0K | $0 | · | · | |
| Deferred Tax | $55M | $52M | $58M | $55M | $53M | $50M | $52M | $55M | $54M | $68M | |
| Long-term Debt | $176M | $179M | $181M | $178M | $145M | $144M | $146M | $118M | $107M | $104M | |
| Total Debt | · | $181M | $183M | $180M | $146M | $146M | $148M | $118M | $107M | $104M | |
| Common Stock | $10M | $10M | $10M | $10M | $9M | $9M | $9M | $9M | $9M | $9M | |
| Paid-in Capital | $144M | $144M | $143M | $107M | $105M | $103M | $102M | $101M | $100M | $97M | |
| Retained Earnings | $95M | $85M | $77M | $71M | $64M | $57M | $49M | $43M | $38M | $32M | |
| Stockholders' Equity | $250M | $239M | $230M | $188M | $178M | $169M | $160M | $153M | $147M | $139M | |
| Liabilities + Equity | $851M | $799M | $767M | $720M | $625M | $593M | $560M | $530M | $495M | $451M | |
| Shares Outstanding | · | · | · | · | · | · | 881,452 | 8,368,428 | 8,333,454 | 8,246,033 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $14M | $14M | $13M | $13M | $12M | $11M | $11M | $10M | $10M | $9M | |
| Stock-based Comp | $246.0K | $219.0K | $254.0K | $152.0K | $193.0K | $178.0K | $181.0K | $192.0K | $423.0K | $92.0K | |
| Deferred Tax | $2M | $1M | $4M | $2M | $3M | $-2M | $-3M | $899.0K | $8M | $5M | |
| Other Non-cash | · | $1M | $-2M | $-9M | $-398.0K | $-6M | $-4M | $4M | $4M | $2M | |
| Operating Cash Flow | $40M | $37M | $32M | $24M | $31M | $20M | $19M | $29M | $36M | $30M | |
| CapEx | $59M | $46M | $62M | $48M | $41M | $34M | $41M | $49M | $41M | $28M | |
| Investing Cash Flow | $-59M | $-45M | $-62M | $-55M | $-41M | $-40M | $-41M | $-49M | $-41M | $-28M | |
| Debt Issued | · | · | · | · | · | · | · | $12M | $0 | $0 | |
| Net Debt Issued | · | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | $11M | $-1M | $-1M | |
| Stock Issued | $342.0K | $347.0K | $37M | $2M | $1M | $2M | $1M | $956.0K | $2M | $2M | |
| Net Stock Activity | · | $347.0K | $37M | $2M | $1M | $2M | $1M | $956.0K | $2M | $2M | |
| Dividends Paid | $13M | $12M | $11M | $10M | $10M | $9M | $9M | $9M | $8M | $8M | |
| Financing Cash Flow | $17M | $7M | $31M | $32M | $9M | $19M | $22M | $19M | $6M | $-2M | |
| Net Change in Cash | $-1M | $-1M | $1M | $1M | $64.0K | $-568.0K | $303.0K | $-659.0K | $726.0K | $17.0K | |
| Taxes Paid | $7M | $5M | $4M | · | · | · | · | · | · | · | |
| Free Cash Flow | · | $-9M | $-30M | $-24M | $-10M | $-14M | $-22M | $-20M | $-5M | $2M | |
| Levered FCF | · | · | · | · | · | $-20M | $-27M | $-25M | $-9M | $-3M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | 24.2% | 22.7% | 24.2% | 24.5% | 25.3% | 23.8% | 23.6% | · | · | |
| Net Margin | · | 18.9% | 16.9% | 18.2% | 18.5% | 19.1% | 17.8% | 17.8% | · | · | |
| Pretax Margin | · | · | · | · | · | 25.5% | 24.1% | 24.0% | · | · | |
| EBITDA Margin | · | 36.9% | 36.2% | 36.9% | 37.6% | 37.9% | 36.8% | 36.4% | · | · | |
| ROA | · | 2.5% | 2.2% | 2.5% | 2.8% | 2.9% | 2.7% | 2.8% | 3.0% | 2.9% | |
| ROE | · | 8.5% | 7.3% | 9.6% | 9.5% | 10.0% | 9.4% | 9.4% | 9.8% | 9.6% | |
| ROIC | · | · | · | · | · | 5.3% | 4.8% | 5.2% | 5.1% | 4.7% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | 1.0 | 1.4 | 0.6 | 0.4 | 0.4 | 0.6 | 0.4 | 0.7 | 0.8 | |
| Quick Ratio | · | 0.5 | 0.7 | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.4 | |
| Debt / Equity | · | 0.8 | 0.8 | 1.0 | 0.8 | 0.9 | 0.9 | 0.8 | 0.7 | 0.7 | |
| LT Debt / Equity | · | 0.7 | 0.8 | 0.9 | 0.8 | 0.8 | 0.9 | 0.8 | 0.7 | 0.7 | |
| Interest Coverage | · | 3.0 | 2.5 | 2.8 | 2.9 | 2.9 | 2.8 | 3.0 | 3.2 | 2.8 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | · | · | |
| Receivables Turnover | · | 8.9 | 7.5 | 9.0 | 9.6 | 10.3 | 11.1 | 10.1 | · | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 4.6% | 9.2% | -0.04% | 8.8% | 3.1% | · | · | · | · | · | |
| Revenue CAGR 3Y | 4.5% | 5.9% | 3.9% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 5.1% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 11.6% | 18.6% | -12.1% | 6.2% | 0.00% | · | · | · | · | · | |
| EPS CAGR 3Y | 5.2% | 3.4% | -2.3% | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 4.3% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 11.9% | 22.1% | -7.2% | 7.0% | 0.06% | · | · | · | · | · | |
| Net Income CAGR 3Y | 8.2% | 6.6% | -0.23% | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 6.3% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 6.2% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $113M | $108M | $99M | $99M | $91M | $88M | $84M | $80M | $82M | $79M | |
| Net Income TTM | $23M | $20M | $17M | $18M | $17M | $17M | $15M | $14M | $14M | $13M | |
| Market Cap | · | · | · | · | · | · | $33M | $292M | · | · | |
| Enterprise Value | · | · | · | · | · | · | $180M | $409M | · | · | |
| P/E | 14.3 | 16.0 | 24.8 | 30.8 | 25.9 | 20.7 | 23.3 | 22.6 | 25.5 | 22.7 | |
| P/S | · | · | · | · | · | · | 0.4 | 3.6 | · | · | |
| P/B | · | · | · | · | · | · | 0.2 | 1.9 | · | · | |
| P / Cash Flow | · | · | · | · | · | · | 1.7 | 10.0 | · | · | |
| P / FCF | · | · | · | · | · | · | -1.5 | -14.7 | · | · | |
| EV / EBITDA | · | · | · | · | · | · | 5.9 | 14.0 | · | · | |
| EV / FCF | · | · | · | · | · | · | -8.2 | -20.5 | · | · | |
| EV / Revenue | · | · | · | · | · | · | 2.2 | 5.1 | · | · | |
| Dividend Yield | · | · | · | · | · | · | 27.8% | 3.0% | · | · | |
| Earnings Yield | 7.0% | 6.3% | 4.0% | 3.2% | 3.9% | 4.8% | 4.3% | 4.4% | 3.9% | 4.4% | |
| Payout Ratio | · | 59.7% | 67.3% | 57.3% | 58.4% | 55.8% | 61.1% | 61.8% | 60.8% | 63.1% | |
| Annual Payout | $13M | $12M | $11M | $10M | $10M | $9M | $9M | $9M | $8M | $8M |
Income Statement 12
| 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 | $31M | $28M | $28M | $30M | $29M | $26M | $27M | $29M | $27M | $25M | $25M | $27M | $25M | $22M | $25M | $27M | |
| Operating Expenses | $22M | $21M | $22M | $22M | $21M | $20M | $21M | $21M | $20M | $20M | $19M | $20M | $19M | $18M | $21M | $18M | |
| Operating Income | $9M | $6M | $6M | $9M | $8M | $6M | $6M | $9M | $7M | $5M | $6M | $7M | $6M | $4M | $4M | $8M | |
| Interest Expense | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Other Non-op | $44.0K | $1M | $-65.0K | $-48.0K | $-29.0K | $1M | $-72.0K | $-58.0K | $-65.0K | $2M | $-149.0K | $-35.0K | $-12.0K | $2M | $-47.0K | $-101.0K | |
| Income Tax | · | · | · | · | · | · | $1M | $2M | $2M | $2M | $1M | $2M | $2M | $1M | $900.0K | $2M | |
| Net Income | $7M | $6M | $4M | $7M | $6M | $5M | $4M | $7M | $5M | $4M | $3M | $5M | $4M | $4M | $2M | $6M | |
| EPS (Basic) | $0.64 | $0.58 | $0.39 | $0.68 | $0.61 | $0.53 | $0.37 | $0.66 | $0.52 | $0.43 | $0.35 | $0.49 | $0.44 | $0.39 | $0.24 | $0.65 | |
| EPS (Diluted) | $0.64 | $0.57 | $0.39 | $0.68 | $0.61 | $0.53 | $0.37 | $0.66 | $0.52 | $0.43 | $0.35 | $0.49 | $0.44 | $0.39 | $0.25 | $0.65 | |
| Shares (Basic) | 10,325,000 | 10,318,000 | -20,613,000 | 10,312,000 | 10,308,000 | 10,302,000 | -20,583,000 | 10,297,000 | 10,293,000 | 10,287,000 | -19,760,000 | 10,276,000 | 9,998,000 | 9,504,000 | -18,890,000 | 9,477,000 | |
| Shares (Diluted) | 10,330,000 | 10,324,000 | -20,618,000 | 10,314,000 | 10,310,000 | 10,306,000 | -20,588,000 | 10,298,000 | 10,295,000 | 10,291,000 | -19,769,000 | 10,279,000 | 10,002,000 | 9,510,000 | -18,936,000 | 9,492,000 | |
| EBITDA | $12M | $10M | · | $12M | $11M | $9M | · | $12M | $11M | $8M | · | $10M | $9M | $7M | · | $11M |
Balance Sheet 22
| 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 | $10M | $4M | $52.0K | $705.0K | $349.0K | $4M | $1M | $11M | $6M | $10M | · | $6M | $6M | $115.0K | · | $108.0K | |
| Receivables | $10M | $13M | $9M | $8M | $11M | $10M | $11M | $10M | $12M | $11M | $13M | $10M | $12M | $10M | $14M | $12M | |
| Prepaid Expense | $4M | $3M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | · | $3M | $4M | $3M | · | $3M | |
| Current Assets | $31M | $26M | $21M | $20M | $22M | $25M | $25M | $34M | $29M | $31M | · | $34M | $30M | $22M | · | $23M | |
| PP&E (Net) | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | · | $4M | $4M | $4M | · | $4M | |
| Accum. Depreciation | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $973.0K | |
| Goodwill | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $3M | |
| Other Non-current Assets | $9M | $10M | $10M | $7M | $7M | $7M | $7M | $7M | $9M | $9M | · | $9M | $11M | $11M | · | $11M | |
| Total Assets | $884M | $867M | $851M | $834M | $819M | $809M | $799M | $796M | $783M | $775M | · | $762M | $750M | $726M | · | $703M | |
| Accounts Payable | $10M | $8M | $14M | $12M | $10M | $9M | $11M | $10M | $8M | $8M | · | $8M | $9M | $8M | · | $9M | |
| Accrued Liabilities | $7M | $5M | $5M | $7M | $3M | $5M | $5M | $6M | $5M | $4M | · | $5M | $6M | $4M | · | $4M | |
| Short-term Debt | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $2M | |
| Current Liabilities | $30M | $26M | $34M | $29M | $26M | $26M | $26M | $28M | $22M | $22M | · | $27M | $25M | $44M | · | $33M | |
| Capital Leases | $403.0K | $406.0K | $407.0K | $399.0K | $401.0K | $403.0K | $404.0K | $496.0K | $499.0K | $501.0K | · | $492.0K | $494.0K | $496.0K | · | $439.0K | |
| Deferred Tax | $55M | $55M | $55M | $54M | $53M | $52M | $52M | $52M | $51M | $58M | · | $58M | $55M | $54M | · | $55M | |
| Long-term Debt | · | · | $176M | · | · | · | $179M | · | · | · | · | · | · | · | · | · | |
| Total Debt | $185M | $186M | · | $177M | $177M | $178M | · | $179M | $180M | $181M | · | $178M | $178M | $178M | · | $176M | |
| Common Stock | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | · | $10M | $10M | $10M | · | $9M | |
| Paid-in Capital | $145M | $145M | $144M | $144M | $144M | $144M | $144M | $144M | $144M | $144M | · | $143M | $143M | $107M | · | $107M | |
| Retained Earnings | $101M | $98M | $95M | $94M | $90M | $87M | $85M | $84M | $80M | $78M | · | $76M | $74M | $72M | · | $72M | |
| Stockholders' Equity | $256M | $253M | $250M | $249M | $245M | $242M | $239M | $238M | $234M | $232M | $230M | $230M | $227M | $189M | $188M | $188M | |
| Liabilities + Equity | $884M | $867M | $851M | $834M | $819M | $809M | $799M | $796M | $783M | $775M | · | $762M | $750M | $726M | · | $703M |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $3M | $4M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Stock-based Comp | $77.0K | $92.0K | $94.0K | $60.0K | $46.0K | $46.0K | $47.0K | $47.0K | $57.0K | $68.0K | $69.0K | $69.0K | $60.0K | $56.0K | $-10.0K | $58.0K | |
| Deferred Tax | $411.0K | $235.0K | $1M | $1M | $607.0K | $-149.0K | $-78.0K | $1M | $373.0K | $-109.0K | $148.0K | $3M | $746.0K | $-99.0K | $700.0K | $2M | |
| Other Non-cash | · | $-1M | · | · | · | $2M | · | · | · | $5M | · | · | · | $4M | · | · | |
| Operating Cash Flow | $10M | $9M | $10M | $11M | $8M | $11M | $7M | $11M | $7M | $13M | $8M | $8M | $5M | $11M | $-785.0K | $11M | |
| CapEx | $13M | $13M | $18M | $14M | $16M | $10M | $15M | $13M | $9M | $9M | $13M | $17M | $16M | $17M | $12M | $13M | |
| Investing Cash Flow | $-13M | $-13M | $-18M | $-14M | $-16M | $-10M | $-15M | $-13M | $-9M | $-8M | $-13M | $-17M | $-16M | $-17M | $-12M | $-13M | |
| Net Debt Issued | · | $-475.0K | · | · | · | $-463.0K | · | · | · | $-386.0K | · | · | · | $-389.0K | · | · | |
| Stock Issued | $90.0K | $84.0K | $85.0K | $85.0K | $87.0K | $85.0K | $87.0K | $80.0K | $90.0K | $90.0K | $233.0K | $103.0K | $36M | $93.0K | $385.0K | $769.0K | |
| Net Stock Activity | · | $84.0K | · | · | · | $85.0K | · | · | · | $90.0K | · | · | · | $93.0K | · | · | |
| Dividends Paid | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Financing Cash Flow | $8M | $9M | $7M | $4M | $4M | $2M | $-1M | $6M | $-679.0K | $3M | $872.0K | $9M | $17M | $5M | $14M | $2M | |
| Net Change in Cash | $6M | $4M | $-653.0K | $356.0K | $-3M | $3M | $-10M | $4M | $-3M | $7M | $-4M | $535.0K | $6M | $-1M | $1M | $-112.0K | |
| Free Cash Flow | · | $-5M | · | · | · | $560.0K | · | · | · | $4M | · | · | · | $-6M | · | · |
Profitability 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 28.1% | 22.6% | · | 28.3% | 27.5% | 21.4% | · | 29.5% | 26.2% | 19.2% | · | 25.1% | 24.6% | 18.1% | · | 30.4% | |
| Net Margin | 21.4% | 21.4% | · | 22.8% | 22.0% | 21.0% | · | 23.4% | 19.4% | 18.0% | · | 19.1% | 17.6% | 16.5% | · | 23.1% | |
| EBITDA Margin | 39.6% | 35.0% | · | 39.7% | 39.5% | 34.4% | · | 40.8% | 38.8% | 33.3% | · | 38.0% | 37.3% | 32.4% | · | 42.5% | |
| ROA | 0.77% | 0.71% | · | 0.85% | 0.79% | 0.69% | · | 0.87% | 0.69% | 0.59% | · | 0.69% | 0.62% | 0.54% | · | 0.93% | |
| ROE | 2.6% | 2.4% | · | 2.9% | 2.6% | 2.3% | · | 2.9% | 2.3% | 2.1% | · | 2.4% | 2.2% | 2.0% | · | 3.4% |
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 | 1.0 | 1.0 | · | 0.7 | 0.9 | 1.0 | · | 1.2 | 1.3 | 1.4 | · | 1.2 | 1.2 | 0.5 | · | 0.7 | |
| Quick Ratio | 0.7 | 0.7 | · | 0.3 | 0.4 | 0.5 | · | 0.7 | 0.8 | 0.9 | · | 0.6 | 0.7 | 0.2 | · | 0.4 | |
| Debt / Equity | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.8 | 0.8 | 0.8 | · | 0.8 | 0.8 | 0.9 | · | 0.9 | |
| LT Debt / Equity | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.7 | 0.8 | 0.8 | · | 0.8 | 0.8 | 0.9 | · | 0.9 | |
| Interest Coverage | 3.7 | 2.8 | · | 3.9 | 3.6 | 2.6 | · | 3.9 | 3.3 | 2.2 | · | 3.0 | 2.7 | 1.7 | · | 3.6 |
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 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Receivables Turnover | 2.9 | 2.4 | · | 3.3 | 2.5 | 2.5 | · | 2.8 | 2.3 | 2.3 | · | 2.4 | 2.5 | 2.7 | · | 2.5 |
Valuation (TTM) 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $117M | $113M | · | $114M | $111M | $107M | · | $108M | $104M | $99M | · | $101M | $99M | $96M | · | $99M | |
| Net Income TTM | $26M | $25M | · | $26M | $24M | $22M | · | $22M | $19M | $18M | · | $19M | $19M | $19M | · | $21M | |
| P/E | 13.6 | 13.3 | · | 13.1 | 14.5 | 15.3 | · | 17.7 | 18.7 | 21.2 | · | 21.3 | 23.5 | 27.1 | · | 22.0 | |
| Earnings Yield | 7.4% | 7.5% | · | 7.6% | 6.9% | 6.6% | · | 5.7% | 5.3% | 4.7% | · | 4.7% | 4.3% | 3.7% | · | 4.5% | |
| Payout Ratio | · | 54.5% | · | · | · | 57.1% | · | · | · | 67.6% | · | · | · | 71.4% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2023-09-30 | |
|---|---|---|---|---|---|
| Revenue | $113M | $108M | — | $99M | — |
| Operating Margin % | — | 24.2% | — | 22.7% | — |
| Net Income | $23M | $20M | — | $17M | — |
| Diluted EPS | $2.21 | $1.98 | — | $1.67 | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2023-09-30 | |
|---|---|---|---|---|---|
| Debt / Equity | — | 0.8 | — | 0.8 | — |
| Current Ratio | — | 1.0 | — | 1.4 | — |
| Quick Ratio | — | 0.5 | — | 0.7 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2024-03-31 | 2023-12-31 | 2023-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | $-9M | — | $-30M | — |
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Institutional owners (13F) 116 filers · $125.1M 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 |
|---|---|---|---|---|
| 20 (+1 vs prior Q) | 12 (+7 vs prior Q) | 34 (-5 vs prior Q) | 31 (+10 vs prior Q) | -104K |
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 | $13,573,329 | 399,333 | 10.85% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $10,236,292 | 301,156 | 8.18% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $6,798,000 | 200,000 | 5.43% | Shares |
| TWO SIGMA INVESTMENTS, LP | $6,221,462 | 183,038 | 4.97% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $6,199,436 | 182,390 | 4.95% | Shares |
| Kestra Advisory Services, LLC | $5,617,424 | 165,267 | 4.49% | Shares |
| Prospera Financial Services Inc | $5,336,489 | 156,992 | 4.27% | Shares |
| ROFFMAN MILLER ASSOCIATES INC /PA/ | $5,014,466 | 147,528 | 4.01% | Shares |
| Costello Asset Management, INC | $3,942,123 | 115,979 | 3.15% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,402,089 | 100,029 | 2.72% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $3,300,429 | 97,100 | 2.64% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $2,849,280 | 83,827 | 2.28% | Shares |
| FCA CORP /TX | $2,505,028 | 73,699 | 2.00% | Shares |
| FIRST MANHATTAN CO. LLC. | $2,461,046 | 72,405 | 1.97% | Shares |
| STATE STREET CORP | $2,385,282 | 70,176 | 1.91% | Shares |
| DEPRINCE RACE & ZOLLO INC | $2,347,536 | 73,706 | 1.88% | Shares |
| TWO SIGMA ADVISERS, LP | $2,345,462 | 74,200 | 1.87% | Shares |
| North Star Investment Management Corp. | $2,277,853 | 67,015 | 1.82% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,089,773 | 61,482 | 1.67% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,989,809 | 58,541 | 1.59% | Shares |
| Trexquant Investment LP | $1,958,504 | 57,620 | 1.57% | Shares |
| Palisades Investment Partners, LLC | $1,908,758 | 56,160 | 1.53% | Shares |
| MARSHALL WACE, LLP | $1,774,176 | 52,197 | 1.42% | Shares |
| VANGUARD GROUP INC | $1,770,034 | 55,996 | 1.41% | Shares |
| GABELLI FUNDS LLC | $1,587,333 | 46,700 | 1.27% | Shares |
| LPL Financial LLC | $1,511,259 | 44,462 | 1.21% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,391,823 | 40,948 | 1.11% | Shares |
| RBF Capital, LLC | $1,359,600 | 40,000 | 1.09% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $1,358,070 | 39,955 | 1.09% | Shares |
| Teton Advisors, LLC | $1,064,567 | 31,320 | 0.85% | Shares |
| Teton Advisors, Inc. | $1,051,099 | 31,320 | 0.84% | Shares |
| CenterBook Partners LP | $1,023,949 | 30,125 | 0.82% | Shares |
| NORTHERN TRUST CORP | $1,018,952 | 29,978 | 0.81% | Shares |
| Foundry Partners, LLC | $1,004,151 | 30,755 | 0.80% | Shares |
| Assenagon Asset Management S.A. | $998,116 | 29,365 | 0.80% | Shares |
| JPMORGAN CHASE & CO | $983,382 | 28,906 | 0.79% | Shares |
| RAYMOND JAMES FINANCIAL INC | $795,570 | 23,406 | 0.64% | Shares |
| AMERICAN CENTURY COMPANIES INC | $781,736 | 22,999 | 0.62% | Shares |
| CITADEL ADVISORS LLC | $698,019 | 20,536 | 0.56% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $696,965 | 20,505 | 0.56% | Shares |
| Bank of New York Mellon Corp | $660,256 | 19,425 | 0.53% | Shares |
| Qube Research & Technologies Ltd | $624,532 | 18,374 | 0.50% | Shares |
| Quadrature Capital Ltd | $409,274 | 12,041 | 0.33% | Shares |
| GOLDMAN SACHS GROUP INC | $395,984 | 11,650 | 0.32% | Shares |
| Cullen Capital Management, LLC | $393,706 | 11,583 | 0.31% | Shares |
| XTX Topco Ltd | $389,118 | 11,448 | 0.31% | Shares |
| Atria Investments, Inc | $370,109 | 10,889 | 0.30% | Shares |
| Cubist Systematic Strategies, LLC | $347,332 | 10,656 | 0.28% | Shares |
| Russell Investments Group, Ltd. | $340,783 | 10,026 | 0.27% | Shares |
| Jacobi Capital Management LLC | $334,185 | 9,832 | 0.27% | Shares |
| AMERIPRISE FINANCIAL INC | $330,043 | 9,710 | 0.26% | Shares |
| Redmond Asset Management, LLC | $328,751 | 9,672 | 0.26% | Shares |
| BANK OF AMERICA CORP /DE/ | $325,556 | 9,578 | 0.26% | Shares |
| UBS Group AG | $325,182 | 9,567 | 0.26% | Shares |
| Y-Intercept (Hong Kong) Ltd | $322,667 | 9,493 | 0.26% | Shares |
| Creative Planning | $311,280 | 9,158 | 0.25% | Shares |
| Perigon Wealth Management, LLC | $281,801 | 8,291 | 0.23% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $250,812 | 7,379 | 0.20% | Shares |
| ELCO Management Co., LLC | $248,705 | 7,317 | 0.20% | Shares |
| Moors & Cabot, Inc. | $232,832 | 6,850 | 0.19% | Shares |
| Gitterman Wealth Management, LLC | $232,506 | 7,134 | 0.19% | Shares |
| EVERGREEN CAPITAL MANAGEMENT LLC | $223,723 | 6,582 | 0.18% | Shares |
| Johnson & White Wealth Management, LLC | $218,556 | 6,430 | 0.17% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $210,060 | 6,180 | 0.17% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $206,863 | 6,086 | 0.17% | Shares |
| Ancora Advisors LLC | $135,960 | 4,000 | 0.11% | Shares |
| Vanguard Global Advisers, LLC | $134,464 | 3,956 | 0.11% | Shares |
| State of Tennessee, Department of Treasury | $115,465 | 3,397 | 0.09% | Shares |
| FMR LLC | $108,394 | 3,189 | 0.09% | Shares |
| Key Financial Inc | $102,820 | 3,025 | 0.08% | Shares |
| Copeland Capital Management, LLC | $85,110 | 2,504 | 0.07% | Shares |
| Arax Advisory Partners | $81,576 | 2,400 | 0.07% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $51,035 | 1,518 | 0.04% | Shares |
| PNC Financial Services Group, Inc. | $39,462 | 1,161 | 0.03% | Shares |
| WELLS FARGO & COMPANY/MN | $38,239 | 1,125 | 0.03% | Shares |
| HARBOUR INVESTMENTS, INC. | $33,990 | 1,000 | 0.03% | Shares |
| T. Rowe Price Investment Management, Inc. | $31,006 | 912,196 | 0.02% | Shares |
| Manchester Capital Management LLC | $27,159 | 799 | 0.02% | Shares |
| JANE STREET GROUP, LLC | $21,618 | 636 | 0.02% | Shares |
| Basepoint Wealth LLC | $17,437 | 513 | 0.01% | Shares |
| CROWLEY WEALTH MANAGEMENT, INC. | $16,298 | 500 | 0.01% | Shares |
| Kentucky Trust Co | $15,925 | 500 | 0.01% | Shares |
| SIGNATUREFD, LLC | $11,115 | 327 | 0.01% | Shares |
| US BANCORP \DE\ | $10,231 | 301 | 0.01% | Shares |
| OSAIC HOLDINGS, INC. | $10,201 | 300 | 0.01% | Shares |
| CITIGROUP INC | $9,993 | 294 | 0.01% | Shares |
| EverSource Wealth Advisors, LLC | $9,789 | 288 | 0.01% | Shares |
| Inspire Investing, LLC | $8,329 | 262 | 0.01% | Shares |
| AdvisorNet Financial, Inc | $7,648 | 225 | 0.01% | Shares |
| BlackRock, Inc. | $7,002 | 206 | 0.01% | Shares |
| Parallel Advisors, LLC | $6,866 | 202 | 0.01% | Shares |
| Allworth Financial LP | $5,405 | 159 | 0.00% | Shares |
| Versant Capital Management, Inc | $5,031 | 148 | 0.00% | Shares |
| VSM Wealth Advisory, LLC | $4,147 | 122 | 0.00% | Shares |
| Farther Finance Advisors, LLC | $4,011 | 118 | 0.00% | Shares |
| Hilltop National Bank | $3,399 | 100 | 0.00% | Shares |
| SBI Securities Co., Ltd. | $3,331 | 98 | 0.00% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $2,835 | 89 | 0.00% | Shares |
| MORGAN STANLEY | $2,345 | 69 | 0.00% | Shares |
| Darwin Wealth Management, LLC | $2,277 | 67 | 0.00% | Shares |
Company insiders 19 insiders · 11 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Nicholle Renee Taylor | CEO and President | May 5, 2026 J | 26,948 | 0 | 0 | $0 |
| David B Spacht | CFO | Sept. 16, 2025 A | 823 | 0 | 0 | $0 |
| Courtney A Emerson | Gen Counsel & Asst Secretary | Sept. 16, 2025 A | 10 | 0 | 0 | $0 |
| Raymond T. Kelly | VP of Information Technology | Sept. 16, 2025 A | — | 0 | 0 | $0 |
| Daniel Konstanski | Vice President of Engineering | Sept. 16, 2025 A | — | 0 | 0 | $0 |
| Pierre A Anderson | Chief Info Officer / Sr VP | Sept. 16, 2025 A | 0 | 0 | 0 | $0 |
| Jennifer Leigh Finch | Sr. Vice President & Treasurer | Sept. 16, 2025 A | 821 | 0 | 0 | $0 |
| John M Thaeder | Senior Vice President | Aug. 28, 2025 S | 20,592 | 0 | 3 | $-99,780 |
| Karl G. Randall | Asst Secretary and Gen Counsel | June 28, 2017 A | 821 | 0 | 0 | $0 |
| John J Schreppler II | VP and General Counsel | Sept. 17, 2015 X | 4,200 | 0 | 0 | $0 |
| Bruce P Kraeuter | Retired Senior Vice President | Dec. 17, 2013 X | 27,330 | 0 | 0 | $0 |
| Dian C Taylor | Director | Aug. 18, 2026 S | 36,073 | 0 | 7 | $-436,939 |
| Salvatore J Rossi JR | Director | May 5, 2026 J | 1,000 | 0 | 0 | $0 |
| Michael Houghton | Director | May 5, 2026 J | 4,000 | 0 | 0 | $0 |
| John R Eisenbrey JR | Director | May 5, 2026 J | 56,751 | 0 | 0 | $0 |
| Kenneth R Biederman | Director | May 6, 2025 J | 25,875 | 0 | 0 | $0 |
| William C Wyer | Director | May 4, 2022 J | 20,500 | 0 | 0 | $0 |
| Joseph A Dinunzio | — | May 19, 2026 W | 16,133 | 0 | 0 | $0 |
| Norman H Taylor JR | — | Nov. 8, 2007 P | 273,085 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 14 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 |
|---|---|---|---|---|
| AVSC · AMERICAN CENTURY ETF TRUST | 0.02% | 19,374 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 30,916 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 1,300 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 2,811 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 8,591 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 349 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 713 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 1,014 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IFRA · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| VPU · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |