ATRC AtriCure, Inc. - Common Stock
NASDAQ · Health Care · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 27, 2026
$55.14
· of 52w range
· above low
· to high
$25.3652w low
$61.7052w high
Market Cap (MRQ)
$2.80B
P/E (TTM)
262.6
EPS (TTM)
$0.21
Revenue (TTM)
$570M
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52W Range
$25–$62
Analyst Rating
BUY
Price Target
$53
P/E
262.6
ROE
2.2%
Net Profit Margin
1.9%
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ATRC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$55.14
Market Cap (MRQ)
$2.80B
P/E (TTM)
262.6
EPS (TTM)
$0.21
Revenue (TTM)
$570M
ROE (TTM)
2.2%
Debt/Equity (MRQ)
0.1
52W Range
$25–$62
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About AtriCure, Inc. - Common Stock Company overview from Wikipedia
sectorHealth Care
industryHealth Care
employees1,350
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$535M2016-12-31 → 2025-12-31
EPS$-0.242019-12-31 → 2025-12-31
Free Cash Flow$48M2016-12-31 → 2025-12-31
Net margin1.9%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | ATRC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 262.65Y avg ≈-46.2 | ≈-46.2 | 27.6 | Overvalued | |
| P/S (TTM) | 4.95Y avg ≈5.8 | ≈5.8 | 3.4 | Undervalued | |
| P/B (MRQ) | 5.45Y avg ≈4.4 | ≈4.4 | 3.5 | Undervalued | |
| EV / EBITDA | -279.55Y avg ≈-56.8 | ≈-56.8 | · | · | |
| Price / FCF (TTM) | 52.85Y avg ≈326.2 | ≈326.2 | · | · | |
| Price / Cash Flow (TTM) | 43.25Y avg ≈41.9 | ≈41.9 | 24.3 | Overvalued | |
| EV / Revenue | 4.95Y avg ≈5.6 | ≈5.6 | · | · | |
| EV / FCF | 54.75Y avg ≈312.3 | ≈312.3 | · | · | |
| Price / Tangible Book (MRQ) | 5.95Y avg ≈11.0 | ≈11.0 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | ATRC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 76.3%5Y avg ≈74.9% | ≈74.9% | 72.0% | Top tier | |
| Operating Margin (TTM) | 2.3%5Y avg ≈-2.0% | ≈-2.0% | 3.0% | Top tier | |
| EBITDA Margin | -1.8%5Y avg ≈-2.0% | ≈-2.0% | 3.7% | Top tier | |
| Pretax Margin (TTM) | 2.1%5Y avg ≈-2.9% | ≈-2.9% | 6.1% | In line | |
| Net Profit Margin (TTM) | 1.9%5Y avg ≈-3.0% | ≈-3.0% | 2.6% | Top tier | |
| ROA (TTM) | 1.6%5Y avg ≈-2.9% | ≈-2.9% | -0.48% | Below avg | |
| ROE (TTM) | 2.2%5Y avg ≈-3.7% | ≈-3.7% | -0.44% | Below avg | |
| ROIC | -1.9%5Y avg ≈-2.6% | ≈-2.6% | 1.3% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | ATRC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Debt / Equity (MRQ) | 0.15Y avg ≈0.1 | ≈0.1 | 0.1 | Low debt | |
| Current Ratio (MRQ) | 4.25Y avg ≈3.7 | ≈3.7 | 4.1 | In line | |
| Quick Ratio | 2.95Y avg ≈2.7 | ≈2.7 | 3.2 | In line | |
| Long-Term Debt / Equity (MRQ) | 0.15Y avg ≈0.1 | ≈0.1 | 0.3 | Low debt |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | ATRC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 14.9%5Y avg ≈21.1% | ≈21.1% | · | · | |
| Revenue CAGR 3Y | 17.4%5Y avg ≈20.4% | ≈20.4% | · | · | |
| Revenue CAGR 5Y | 20.9% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | ATRC | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.85Y avg ≈0.6 | ≈0.6 | 0.6 | Top tier | |
| Inventory Turnover | 1.75Y avg ≈1.8 | ≈1.8 | 3.9 | Weak | |
| Receivables Turnover | 8.45Y avg ≈8.7 | ≈8.7 | 6.8 | Top tier | |
| Revenue / Employee | ≈$395.9K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
92.2%
Next Report
Oct 27, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 27, 2026 | $0.18 | $0.00 | — |
| March 31, 2026 | $0.00 | $-0.06 | 100.0% | |
| Dec. 31, 2025 | $0.04 | $-0.10 | 141.3% | |
| Sept. 30, 2025 | $-0.01 | $-0.12 | 91.5% | |
| June 30, 2025 | $-0.02 | $-0.17 | 88.3% | |
| March 31, 2025 | $-0.14 | $-0.23 | 40.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $535M | $465M | $399M | $330M | $274M | $207M | $231M | $202M | $175M | $155M | $130M | $107M | |
| Cost of Revenue | $134M | $118M | $99M | $84M | $68M | $57M | $60M | $785.0K | $900.0K | $625.0K | $37M | $32M | |
| Gross Profit | $401M | $348M | $300M | $246M | $206M | $149M | $170M | $147M | $126M | $111M | $93M | $76M | |
| R&D Expense | $99M | $96M | $74M | $57M | $49M | $43M | $41M | $35M | $34M | $36M | $26M | $19M | |
| SG&A Expense | $311M | $291M | $253M | $231M | $205M | $151M | $167M | $130M | $117M | $106M | $94M | $74M | |
| Operating Expenses | $410M | $388M | $327M | $289M | $151M | $194M | $203M | $164M | $151M | $142M | $120M | $92M | |
| Operating Income | $-9M | $-40M | $-27M | $-43M | $55M | $-44M | $-33M | $-17M | $-25M | $-31M | $-27M | $-16M | |
| Interest Expense | · | · | $7M | $5M | $5M | $5M | $4M | $5M | $2M | $2M | $292.0K | $305.0K | |
| Interest Income | $4M | $4M | $4M | $2M | $466.0K | $1M | $2M | $1M | $227.0K | $227.0K | $190.0K | $96.0K | |
| Other Non-op | $683.0K | $-326.0K | $-31.0K | $-537.0K | $-366.0K | $-24.0K | $-160.0K | $-183.0K | $138.0K | $-586.0K | $-354.0K | $391.0K | |
| Pretax Income | $-10M | $-44M | $-30M | $-46M | $50M | $-48M | $-35M | $-21M | $-27M | $-33M | $-27M | $-16M | |
| Income Tax | $1M | $1M | $591.0K | $268.0K | $188.0K | $114.0K | $199.0K | $226.0K | $14.0K | $40.0K | $36.0K | $33.0K | |
| Net Income | $-11M | $-45M | $-30M | $-46M | $50M | $-48M | $-35M | $-21M | $-27M | $-33M | $-27M | $-16M | |
| EPS (Basic) | $-0.24 | $-0.95 | $-0.66 | $-1.02 | $1.11 | $-1.14 | $-0.94 | · | · | · | · | · | |
| EPS (Diluted) | $-0.24 | $-0.95 | $-0.66 | $-1.02 | $1.09 | $-1.14 | $-0.94 | · | · | · | · | · | |
| Shares (Basic) | 47,750,000 | 46,965,000 | 46,309,000 | 45,740,000 | 45,066,000 | 42,125,000 | 37,589,000 | · | · | · | · | · | |
| Shares (Diluted) | 47,750,000 | 46,965,000 | 46,309,000 | 45,740,000 | 46,039,000 | 42,125,000 | 37,589,000 | · | · | · | · | · | |
| EBITDA | $-9M | $-40M | $-27M | $-43M | $55M | $-44M | $-33M | $-17M | $-25M | $-31M | $-27M | $-16M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $167M | $123M | $84M | $58M | $44M | $42M | $28M | $32M | $22M | $24M | $24M | $28M | |
| Short-term Investments | · | $0 | $53M | $63M | $75M | $202M | $53M | $92M | $13M | $20M | $11M | $31M | |
| Receivables | $67M | $60M | $53M | $43M | $33M | $23M | $28M | $25M | $23M | $21M | $19M | $18M | |
| Inventory | $78M | $75M | $68M | $46M | $39M | $35M | $29M | $22M | $22M | $18M | $18M | $14M | |
| Prepaid Expense | $10M | $9M | $9M | $5M | $5M | $4M | $4M | $3M | $2M | · | · | · | |
| Other Current Assets | · | · | · | · | · | · | · | · | $2M | $3M | $3M | $2M | |
| Current Assets | $323M | $268M | $266M | $215M | $196M | $307M | $143M | $175M | $82M | $86M | $75M | $94M | |
| PP&E (Net) | · | · | · | · | $31M | $28M | $33M | $27M | $29M | $30M | $31M | $12M | |
| PP&E (Gross) | · | · | · | · | · | $65M | $66M | $54M | $50M | $44M | $39M | $19M | |
| Accum. Depreciation | · | · | · | · | · | $37M | $33M | $27M | $22M | $14M | $7M | $8M | |
| Goodwill | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $105M | $105M | $105M | $105M | $35M | |
| Intangibles | $48M | $56M | $64M | $39M | $43M | $128M | $130M | $49M | $51M | $52M | $54M | $9M | |
| Other Non-current Assets | $3M | $3M | $2M | $2M | $955.0K | $440.0K | $705.0K | $495.0K | $676.0K | $321.0K | $323.0K | $186.0K | |
| Total Assets | $654M | $609M | $614M | $585M | $615M | $715M | $558M | $357M | $268M | $276M | $273M | $158M | |
| Accounts Payable | $25M | $25M | $27M | $20M | $19M | $13M | $15M | $10M | $12M | $11M | $13M | $8M | |
| Accrued Liabilities | $53M | $46M | $45M | $33M | $36M | $28M | $33M | $26M | $19M | $16M | $18M | $14M | |
| Current Liabilities | $82M | $73M | $75M | $58M | $56M | $49M | $50M | $40M | $32M | $29M | $32M | $26M | |
| Capital Leases | $6M | $5M | $3M | $3M | $4M | $1M | $3M | $12M | $13M | $13M | $14M | $74.0K | |
| Other Non-current Liabilities | $7M | $1M | $1M | $1M | $1M | $187M | $186M | $19M | $38M | $42M | $41M | $149.0K | |
| Total Liabilities | $162M | $148M | $148M | $129M | $132M | $302M | $311M | $107M | $107M | $108M | $86M | $26M | |
| Long-term Debt | · | · | · | $60M | $60M | $60M | $60M | · | · | · | · | · | |
| Total Debt | $62M | $62M | $61M | $57M | $60M | $60M | $60M | $36M | $24M | $24M | · | · | |
| Common Stock | $50.0K | $49.0K | $48.0K | $47.0K | $46.0K | $45.0K | $40.0K | $39.0K | $35.0K | $33.0K | $32.0K | $28.0K | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | $271M | |
| Retained Earnings | $-413M | $-402M | $-357M | $-327M | $-280M | $-330M | $-282M | $-247M | $-226M | $-199M | $-166M | $-138M | |
| AOCI | $566.0K | $-1M | $-993.0K | $-4M | $-948.0K | $312.0K | $-158.0K | $-199.0K | $34.0K | $-468.0K | $-611.0K | $-348.0K | |
| Stockholders' Equity | $492M | $461M | $466M | $457M | $484M | $412M | $247M | $249M | $161M | $168M | $187M | $133M | |
| Liabilities + Equity | $654M | $609M | $614M | $585M | $615M | $715M | $558M | $357M | $268M | $276M | $273M | $158M | |
| Shares Outstanding | 49,792,000 | 48,869,000 | 47,526,000 | 46,563,000 | 46,016,000 | 45,346,000 | 39,655,000 | 38,604,000 | 34,586,000 | 33,342,000 | 32,274,000 | 27,580,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $45M | $40M | $36M | $29M | $28M | $23M | $18M | $16M | $15M | $12M | $9M | $8M | |
| Deferred Tax | $-62.0K | $6.0K | $-15.0K | $8.0K | $21.0K | $-12.0K | $26.0K | $51.0K | $-102.0K | · | · | · | |
| Amort. of Intangibles | $8M | $8M | $5M | $4M | $3M | $2M | $2M | $2M | $1M | $2M | $1M | $1M | |
| Operating Cash Flow | $57M | $12M | $4M | $-22M | $-14M | $-20M | $-16M | $-4M | $-9M | $-15M | $-8M | $-22M | |
| CapEx | $9M | $11M | $12M | $17M | $10M | $5M | $12M | $6M | $6M | $8M | $13M | $6M | |
| Investing Cash Flow | $-15M | $30M | $22M | $44M | $24M | $-156M | $-2M | $-85M | $4M | $-12M | $-11M | · | |
| Debt Issued | $0 | $61M | $0 | $0 | $5M | $0 | $20M | $17M | · | · | · | · | |
| Net Debt Issued | $0 | $61M | $0 | $0 | $5M | · | $20M | · | · | · | · | · | |
| Stock Issued | · | · | · | $0 | $0 | $189M | $0 | $83M | · | · | · | $66M | |
| Net Stock Activity | · | · | · | $0 | $0 | $189M | · | $83M | · | · | · | $66M | |
| Financing Cash Flow | $1M | $-4M | $-32.0K | $-7M | $-8M | $189M | $14M | $100M | $3M | $28M | $14M | · | |
| Net Change in Cash | $45M | $38M | $26M | $14M | $2M | $13M | $-4M | $10M | $-2M | $444.0K | $-5M | $13M | |
| Taxes Paid | $1M | $619.0K | $395.0K | $192.0K | $190.0K | $217.0K | $259.0K | · | · | · | · | · | |
| Free Cash Flow | $48M | $745.0K | $-8M | $-39M | $-24M | $-25M | $-28M | $-10M | $-15M | $-23M | $-21M | $-31M | |
| Levered FCF | · | · | $-15M | $-44M | $-28M | $-30M | $-32M | $-15M | $-18M | $-25M | $-22M | $-31M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.0% | 74.7% | 75.2% | 74.4% | 75.0% | 72.3% | 73.8% | 73.0% | 72.2% | 71.6% | 71.6% | 70.5% | |
| Operating Margin | -1.8% | -8.6% | -6.7% | -12.9% | 20.1% | -21.4% | -14.3% | -8.5% | -14.3% | -20.1% | -20.6% | -15.2% | |
| Net Margin | -2.1% | -9.6% | -7.6% | -14.1% | 18.3% | -23.3% | -15.2% | -10.5% | -15.4% | -21.5% | -21.0% | -15.1% | |
| Pretax Margin | -1.9% | -9.4% | -7.5% | -14.0% | 18.4% | -23.3% | -15.2% | -10.4% | -15.4% | -21.5% | -20.9% | -15.1% | |
| EBITDA Margin | -1.8% | -8.6% | -6.7% | -12.9% | 20.1% | -21.4% | -14.3% | -8.5% | -14.3% | -20.1% | -20.6% | -15.2% | |
| ROA | -1.8% | -7.3% | -5.1% | -7.7% | 7.5% | -7.6% | -7.7% | -6.8% | -9.9% | -12.1% | -12.6% | -12.0% | |
| ROE | -2.4% | -9.7% | -6.6% | -10.2% | 10.3% | -11.6% | -13.9% | -10.2% | -16.3% | -18.8% | -17.1% | -15.8% | |
| ROIC | -1.9% | -7.8% | -5.2% | -8.4% | 10.1% | -9.4% | -10.8% | -6.1% | -13.5% | -16.2% | -14.3% | -12.4% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.0 | 3.6 | 3.6 | 3.7 | 3.5 | 6.2 | 2.9 | 4.3 | 2.6 | 3.0 | 2.4 | 3.6 | |
| Quick Ratio | 2.9 | 2.5 | 2.5 | 2.8 | 2.7 | 5.4 | 2.2 | 3.7 | 1.8 | 2.3 | 1.7 | 3.0 | |
| Debt / Equity | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | · | · | |
| LT Debt / Equity | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | · | · | |
| Interest Coverage | · | · | -3.9 | -8.6 | 11.2 | -9.1 | -8.1 | -3.7 | -11.0 | -17.3 | -91.5 | -53.6 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.8 | 0.7 | 0.6 | 0.4 | 0.3 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.8 | |
| Inventory Turnover | 1.7 | 1.6 | 1.7 | 2.0 | 1.9 | 0.0 | 0.0 | 0.0 | 2.4 | 2.5 | 2.3 | 2.6 | |
| Receivables Turnover | 8.4 | 8.2 | 8.4 | 8.7 | 9.8 | 8.1 | 8.7 | 8.4 | 7.9 | 7.7 | 7.0 | 6.9 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $9.88 | $9.43 | $9.81 | $9.81 | $10.51 | $9.09 | $6.24 | $6.46 | $4.66 | $5.05 | $5.78 | $4.81 | |
| Revenue / Share | $11.19 | $9.91 | $8.62 | $7.22 | $5.96 | · | · | · | · | · | · | · | |
| Cash Flow / Share | $1.20 | $0.26 | $0.10 | $-0.48 | $-0.30 | · | · | · | · | · | · | · | |
| Cash / Share | $3.36 | $2.51 | $1.77 | $1.25 | $0.95 | $0.93 | $0.72 | $0.83 | $0.63 | $0.73 | $0.74 | $1.03 | |
| EPS (TTM) | $-0.24 | $-0.95 | $-0.66 | $-1.02 | $1.09 | $-1.14 | $-0.94 | · | · | · | · | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 14.9% | 16.6% | 20.8% | 20.4% | 32.8% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 17.4% | 19.3% | 24.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 20.9% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $535M | $465M | $399M | $330M | $274M | $207M | $231M | $202M | $175M | $155M | $130M | $107M | |
| Net Income TTM | $-11M | $-45M | $-30M | $-46M | $50M | $-48M | $-35M | $-21M | $-27M | $-33M | $-27M | $-16M | |
| Market Cap | $1.97B | $1.49B | $1.70B | $2.07B | $3.20B | $2.52B | $1.29B | $1.18B | $631M | $653M | $724M | $550M | |
| Enterprise Value | $1.86B | $1.43B | $1.62B | $2.00B | $3.14B | $2.34B | $1.27B | $1.09B | $620M | $632M | · | · | |
| P/E | -164.8 | -32.2 | -54.1 | -43.5 | 63.8 | -48.8 | -34.6 | · | · | · | · | · | |
| P/S | 3.7 | 3.2 | 4.2 | 6.3 | 11.7 | 12.2 | 5.6 | 5.9 | 3.6 | 4.2 | 5.6 | 5.1 | |
| P/B | 4.0 | 3.2 | 3.6 | 4.5 | 6.6 | 6.1 | 5.2 | 4.7 | 3.9 | 3.9 | 3.9 | 4.2 | |
| P / Tangible Book | 9.4 | 8.8 | 10.1 | 11.3 | 15.5 | 51.1 | · | · | · | · | · | · | |
| P / Cash Flow | 34.4 | 122.4 | 378.3 | -93.3 | -232.2 | -127.1 | -81.5 | -283.2 | -70.5 | -43.2 | -92.4 | -25.5 | |
| P / FCF | 40.8 | 2004.6 | -225.7 | -53.0 | -136.0 | -100.5 | -46.1 | -113.8 | -41.2 | -28.6 | -34.0 | -17.9 | |
| EV / EBITDA | -197.3 | -35.8 | -60.7 | -46.9 | 56.9 | -52.9 | -38.3 | -63.8 | -24.8 | -20.3 | · | · | |
| EV / FCF | 38.6 | 1922.9 | -215.5 | -51.3 | -133.4 | -93.1 | -45.3 | -105.2 | -40.5 | -27.7 | · | · | |
| EV / Revenue | 3.5 | 3.1 | 4.1 | 6.1 | 11.4 | 11.3 | 5.5 | 5.4 | 3.6 | 4.1 | · | · | |
| Earnings Yield | -0.61% | -3.1% | -1.8% | -2.3% | 1.6% | -2.1% | -2.9% | · | · | · | · | · |
Income Statement
| 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 | $154M | $141M | $140M | $134M | $136M | $124M | $124M | $116M | $116M | $109M | $107M | $98M | $101M | $93M | $88M | $83M | |
| Cost of Revenue | $35M | $32M | $35M | $33M | $35M | $31M | $32M | $29M | $29M | $28M | $27M | $24M | $24M | $24M | $23M | $22M | |
| Gross Profit | $119M | $109M | $105M | $101M | $101M | $93M | $93M | $87M | $87M | $81M | $80M | $74M | $77M | $70M | $65M | $62M | |
| R&D Expense | $26M | $24M | $25M | $23M | $29M | $23M | $35M | $21M | $20M | $20M | $21M | $20M | $17M | $15M | $14M | $15M | |
| SG&A Expense | $83M | $85M | $78M | $78M | $78M | $76M | $72M | $73M | $74M | $72M | $68M | $62M | $64M | $60M | $56M | $57M | |
| Operating Expenses | $109M | $109M | $103M | $101M | $108M | $99M | $107M | $94M | $94M | $92M | $88M | $82M | $81M | $75M | $69M | $72M | |
| Operating Income | $10M | $526.0K | $2M | $208.0K | $-6M | $-6M | $-15M | $-7M | $-7M | $-11M | $-9M | $-8M | $-4M | $-6M | $-4M | $-11M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $2M | · | $2M | $2M | $2M | · | $1M | |
| Interest Income | $1M | $1M | $1M | $1M | $941.0K | $1M | $1M | $1M | $997.0K | $952.0K | $1M | $915.0K | $961.0K | $875.0K | $1M | $370.0K | |
| Other Non-op | $-100.0K | $-37.0K | $42.0K | $9.0K | $812.0K | $-180.0K | $-532.0K | $260.0K | $28.0K | $-82.0K | $9.0K | $-62.0K | $-123.0K | $145.0K | $216.0K | $-549.0K | |
| Pretax Income | $9M | $394.0K | $2M | $-86.0K | $-6M | $-7M | $-15M | $-8M | $-8M | $-13M | $-9M | $-9M | $-5M | $-6M | $-4M | $-12M | |
| Income Tax | $471.0K | $286.0K | $604.0K | $181.0K | $261.0K | $239.0K | $266.0K | $322.0K | $253.0K | $183.0K | $373.0K | $47.0K | $93.0K | $78.0K | $121.0K | $46.0K | |
| Net Income | $9M | $108.0K | $2M | $-267.0K | $-6M | $-7M | $-16M | $-8M | $-8M | $-13M | $-10M | $-9M | $-5M | $-6M | $-4M | $-12M | |
| EPS (Basic) | $0.18 | $0.00 | $0.04 | $-0.01 | $-0.13 | $-0.14 | $-0.33 | $-0.17 | $-0.17 | $-0.28 | $-0.21 | $-0.20 | $-0.11 | $-0.14 | $-0.10 | $-0.27 | |
| EPS (Diluted) | $0.18 | $0.00 | $0.04 | $-0.01 | $-0.13 | $-0.14 | $-0.33 | $-0.17 | $-0.17 | $-0.28 | $-0.21 | $-0.20 | $-0.11 | $-0.14 | $-0.10 | $-0.27 | |
| Shares (Basic) | 48,667,000 | 48,334,000 | · | 47,920,000 | 47,721,000 | 47,393,000 | · | 47,105,000 | 46,909,000 | 46,719,000 | · | 46,411,000 | 46,266,000 | 46,107,000 | · | 45,823,000 | |
| Shares (Diluted) | 48,868,000 | 49,046,000 | · | 47,920,000 | 47,721,000 | 47,393,000 | · | 47,105,000 | 46,909,000 | 46,719,000 | · | 46,411,000 | 46,266,000 | 46,107,000 | · | 45,823,000 | |
| EBITDA | $10M | $526.0K | · | $208.0K | $-6M | $-6M | · | $-7M | $-7M | $-11M | · | $-8M | $-4M | $-6M | · | $-11M |
Balance Sheet
| 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 | $168M | $146M | $167M | $148M | $118M | $100M | $123M | $130M | $106M | $65M | · | $81M | $67M | $77M | · | $49M | |
| Short-term Investments | · | · | · | · | · | · | · | $0 | $8M | $41M | · | $52M | $60M | $59M | · | $74M | |
| Receivables | $80M | $71M | $67M | $63M | $66M | $63M | $60M | $55M | $56M | $55M | · | $52M | $48M | $46M | · | $41M | |
| Inventory | $84M | $81M | $78M | $79M | $76M | $75M | $75M | $77M | $74M | $72M | · | $62M | $55M | $49M | · | $44M | |
| Prepaid Expense | $14M | $15M | $10M | $11M | $11M | $13M | $9M | $7M | $10M | $12M | · | $6M | $7M | $8M | · | $4M | |
| Current Assets | $346M | $314M | $323M | $301M | $271M | $251M | $268M | $269M | $253M | $245M | · | $253M | $238M | $238M | · | $212M | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $39M | |
| Goodwill | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | $235M | |
| Intangibles | $43M | $46M | $48M | $50M | $52M | $54M | $56M | $58M | $60M | $62M | · | $66M | $67M | $39M | · | $40M | |
| Other Non-current Assets | $5M | $4M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | · | $2M | $2M | $2M | · | $829.0K | |
| Total Assets | $677M | $644M | $654M | $635M | $609M | $592M | $609M | $615M | $597M | $592M | · | $600M | $594M | $583M | · | $582M | |
| Accounts Payable | $36M | $31M | $25M | $25M | $26M | $25M | $25M | $32M | $27M | $29M | · | $25M | $24M | $24M | · | $24M | |
| Accrued Liabilities | $43M | $40M | $53M | $49M | $40M | $33M | $46M | $40M | $32M | $30M | · | $37M | $32M | $28M | · | $31M | |
| Current Liabilities | $82M | $73M | $82M | $78M | $69M | $61M | $73M | $74M | $61M | $61M | · | $83M | $71M | $62M | · | $58M | |
| Capital Leases | $5M | $5M | $6M | $6M | $6M | $6M | $5M | $5M | $3M | $3M | · | $3M | $3M | $4M | · | $3M | |
| Other Non-current Liabilities | $7M | $7M | $7M | $7M | $1M | $1M | $1M | $1M | $1M | $1M | · | $1M | $1M | $1M | · | $1M | |
| Total Liabilities | $160M | $152M | $162M | $159M | $144M | $137M | $148M | $150M | $135M | $135M | · | $137M | $132M | $128M | · | $132M | |
| Long-term Debt | $61M | $61M | · | $62M | $62M | $62M | · | $62M | $62M | $62M | · | $60M | $60M | $60M | · | $60M | |
| Total Debt | $61M | $61M | · | $62M | $62M | $62M | · | $62M | $62M | $62M | · | $42M | $47M | $52M | · | $60M | |
| Common Stock | $51.0K | $51.0K | $50.0K | $50.0K | $50.0K | $49.0K | $49.0K | $49.0K | $49.0K | $48.0K | · | $47.0K | $47.0K | $47.0K | · | $46.0K | |
| Retained Earnings | $-404M | $-413M | $-413M | $-415M | $-415M | $-409M | $-402M | $-386M | $-378M | $-370M | · | $-347M | $-338M | $-333M | · | $-322M | |
| AOCI | $101.0K | $227.0K | $566.0K | $573.0K | $749.0K | $-230.0K | $-1M | $-147.0K | $-569.0K | $-697.0K | · | $-2M | $-3M | $-3M | · | $-5M | |
| Stockholders' Equity | $516M | $492M | $492M | $477M | $464M | $455M | $461M | $465M | $462M | $456M | $466M | $463M | $462M | $455M | $457M | $450M | |
| Liabilities + Equity | $677M | $644M | $654M | $635M | $609M | $592M | $609M | $615M | $597M | $592M | · | $600M | $594M | $583M | · | $582M | |
| Shares Outstanding | 50,863,000 | 50,634,000 | 49,792,000 | 49,713,000 | 49,691,000 | 49,493,000 | 48,869,000 | 48,748,000 | 48,686,000 | 48,381,000 | · | 47,392,000 | 47,352,000 | 47,244,000 | · | 46,443,000 |
Cash Flow
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $12M | $11M | $11M | $12M | $11M | $10M | $10M | $10M | $10M | $9M | $9M | $9M | $9M | $9M | $7M | $7M | |
| Amort. of Intangibles | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $738.0K | $739.0K | $971.0K | |
| Operating Cash Flow | $22M | $-4M | $20M | $27M | $22M | $-11M | $6M | $20M | $7M | $-21M | $4M | $2M | $3M | $-4M | $46.0K | $-2M | |
| CapEx | $4M | $4M | $2M | $3M | $3M | $2M | $3M | $4M | $2M | $3M | $3M | $4M | $3M | $3M | $4M | $5M | |
| Investing Cash Flow | $-4M | $-4M | $-3M | $-3M | $-8M | $-2M | $-15M | $4M | $31M | $10M | $-3M | $12M | $-16M | $29M | $7M | $-3M | |
| Debt Issued | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $61M | $0 | $0 | $0 | $0 | · | · | |
| Net Debt Issued | · | · | · | · | · | $0 | · | · | · | $61M | · | · | · | · | · | · | |
| Financing Cash Flow | $3M | $-13M | $2M | $6M | $3M | $-10M | $2M | $-333.0K | $3M | $-8M | $2M | $132.0K | $3M | $-6M | $2M | $-405.0K | |
| Net Change in Cash | $22M | $-21M | $20M | $30M | $18M | $-23M | $-8M | $24M | $41M | $-19M | $4M | $13M | $-10M | $19M | $9M | $-6M | |
| Taxes Paid | $962.0K | $91.0K | $-340.0K | $748.0K | $766.0K | $116.0K | $43.0K | $67.0K | $492.0K | $17.0K | $167.0K | $69.0K | $171.0K | $-12.0K | · | · | |
| Free Cash Flow | · | $-8M | · | · | · | $-13M | · | · | · | $-24M | · | · | · | $-7M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-25M | · | · | · | $-8M | · | · |
Profitability
| 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 | 77.2% | 77.4% | · | 75.5% | 74.5% | 74.9% | · | 74.9% | 74.7% | 74.7% | · | 75.1% | 76.4% | 74.5% | · | 74.1% | |
| Operating Margin | 6.3% | 0.37% | · | 0.15% | -4.5% | -4.8% | · | -6.4% | -6.2% | -10.0% | · | -8.2% | -4.1% | -6.2% | · | -12.9% | |
| Net Margin | 5.8% | 0.08% | · | -0.20% | -4.5% | -5.5% | · | -6.8% | -6.9% | -12.2% | · | -9.2% | -5.1% | -6.9% | · | -14.7% | |
| Pretax Margin | 6.1% | 0.28% | · | -0.06% | -4.4% | -5.3% | · | -6.5% | -6.7% | -12.0% | · | -9.2% | -5.0% | -6.8% | · | -14.7% | |
| EBITDA Margin | 6.3% | 0.37% | · | 0.15% | -4.5% | -4.8% | · | -6.4% | -6.2% | -10.0% | · | -8.2% | -4.1% | -6.2% | · | -12.9% | |
| ROA | 1.4% | 0.02% | · | -0.04% | -1.0% | -1.1% | · | -1.3% | -1.3% | -2.3% | · | -1.5% | -0.87% | -1.1% | · | -2.1% | |
| ROE | 1.8% | 0.02% | · | -0.06% | -1.3% | -1.5% | · | -1.7% | -1.7% | -2.9% | · | -2.0% | -1.1% | -1.4% | · | -2.6% | |
| ROIC | 1.6% | 0.03% | · | 0.12% | -1.2% | -1.2% | · | -1.5% | -1.4% | -2.1% | · | -1.6% | -0.83% | -1.1% | · | -2.1% |
Liquidity & Solvency
| 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 | 4.2 | 4.3 | · | 3.9 | 3.9 | 4.1 | · | 3.6 | 4.1 | 4.0 | · | 3.1 | 3.3 | 3.8 | · | 3.7 | |
| Quick Ratio | 3.0 | 3.0 | · | 2.7 | 2.7 | 2.7 | · | 2.5 | 2.8 | 2.6 | · | 2.2 | 2.5 | 2.9 | · | 2.8 | |
| Debt / Equity | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| LT Debt / Equity | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -6.5 | · | -4.6 | -2.4 | -3.5 | · | -8.1 |
Efficiency
| 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 | · | 0.2 | 0.2 | 0.2 | · | 0.1 | |
| Inventory Turnover | 0.4 | 0.4 | · | 0.4 | 0.5 | 0.4 | · | 0.4 | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | 0.5 | |
| Receivables Turnover | 2.1 | 2.1 | · | 2.3 | 2.2 | 2.1 | · | 2.2 | 2.2 | 2.2 | · | 2.1 | 2.2 | 2.2 | · | 2.2 |
Per Share
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $10.15 | $9.71 | · | $9.59 | $9.35 | $9.19 | · | $9.54 | $9.49 | $9.43 | · | $9.77 | $9.77 | $9.63 | · | $9.70 | |
| Revenue / Share | $3.14 | $2.88 | · | $2.80 | $2.85 | $2.61 | · | $2.46 | $2.48 | $2.33 | · | $2.12 | $2.18 | $2.03 | · | $1.82 | |
| Cash Flow / Share | · | $-0.08 | · | · | · | $-0.23 | · | · | · | $-0.45 | · | · | · | $-0.09 | · | · | |
| Cash / Share | $3.30 | $2.89 | · | $2.97 | $2.37 | $2.02 | · | $2.67 | $2.18 | $1.34 | · | $1.70 | $1.42 | $1.64 | · | $1.05 | |
| EPS (TTM) | $0.21 | $-0.10 | · | $-0.61 | $-0.77 | $-0.81 | · | $-0.83 | $-0.86 | $-0.80 | · | $-0.55 | $-0.62 | $-0.83 | · | $-1.20 |
Valuation (TTM)
| 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 | $570M | $552M | · | $518M | $500M | $480M | · | $448M | $430M | $415M | · | $381M | $366M | $349M | · | $316M | |
| Net Income TTM | $11M | $-5M | · | $-29M | $-36M | $-38M | · | $-39M | $-40M | $-37M | · | $-25M | $-28M | $-38M | · | $-56M | |
| Market Cap | $1.42B | $1.44B | · | $1.75B | $1.63B | $1.60B | · | $1.37B | $1.11B | $1.47B | · | $2.08B | $2.34B | $1.96B | · | $1.82B | |
| Enterprise Value | $1.32B | $1.36B | · | $1.67B | $1.57B | $1.56B | · | $1.30B | $1.06B | $1.43B | · | $1.98B | $2.26B | $1.87B | · | $1.75B | |
| P/E | 133.2 | -285.3 | · | -57.8 | -42.6 | -39.8 | · | -33.8 | -26.5 | -38.0 | · | -79.6 | -79.6 | -49.9 | · | -32.6 | |
| P/S | 2.5 | 2.6 | · | 3.4 | 3.3 | 3.3 | · | 3.1 | 2.6 | 3.5 | · | 5.5 | 6.4 | 5.6 | · | 5.8 | |
| P/B | 2.8 | 2.9 | · | 3.7 | 3.5 | 3.5 | · | 2.9 | 2.4 | 3.2 | · | 4.5 | 5.1 | 4.3 | · | 4.0 | |
| P / Tangible Book | 6.0 | 6.8 | · | 9.1 | 9.2 | 9.6 | · | 8.0 | 6.6 | 9.2 | · | 12.8 | 14.6 | 10.8 | · | 10.4 | |
| P / Cash Flow | · | -361.5 | · | · | · | -144.8 | · | · | · | -70.0 | · | · | · | -480.1 | · | · | |
| EV / Revenue | 2.3 | 2.5 | · | 3.2 | 3.1 | 3.2 | · | 2.9 | 2.5 | 3.4 | · | 5.2 | 6.2 | 5.4 | · | 5.6 | |
| Earnings Yield | 0.75% | -0.35% | · | -1.7% | -2.4% | -2.5% | · | -3.0% | -3.8% | -2.6% | · | -1.3% | -1.3% | -2.0% | · | -3.1% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $535M | $465M | $399M | $330M | $274M |
| Gross Margin % | 75.0% | 74.7% | 75.2% | 74.4% | 75.0% |
| Operating Margin % | -1.8% | -8.6% | -6.7% | -12.9% | 20.1% |
| Net Income | $-11M | $-45M | $-30M | $-46M | $50M |
| Diluted EPS | $-0.24 | $-0.95 | $-0.66 | $-1.02 | $1.09 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Current Ratio | 4.0 | 3.6 | 3.6 | 3.7 | 3.5 |
| Quick Ratio | 2.9 | 2.5 | 2.5 | 2.8 | 2.7 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $48M | $745.0K | $-8M | $-39M | $-24M |
Institutional owners (13F) 269 filers · $1.7B total · As of Sept. 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
269
Value held
$1.7B
New positions
55
Exited positions
23
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 55 (+16 vs prior Q) | 23 (-15 vs prior Q) | 100 (+22 vs prior Q) | 60 (-7 vs prior Q) | +2.3M |
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 GROUP INC | $193,992,548 | 4,903,755 | 11.71% | Shares |
| BlackRock, Inc. | $125,197,854 | 4,474,548 | 7.56% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $97,806,972 | 3,495,603 | 5.91% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $87,498,916 | 3,127,195 | 5.28% | Shares |
| Hood River Capital Management LLC | $81,290,266 | 2,905,299 | 4.91% | Shares |
| ALLIANCEBERNSTEIN L.P. | $78,981,453 | 2,768,365 | 4.77% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $61,287,756 | 2,190,413 | 3.70% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $48,525,000 | 1,734,279 | 2.93% | Shares |
| GOLDMAN SACHS GROUP INC | $44,711,719 | 1,597,988 | 2.70% | Shares |
| STATE STREET CORP | $38,935,240 | 1,389,989 | 2.35% | Shares |
| MARSHALL WACE, LLP | $37,322,635 | 1,333,904 | 2.25% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $36,932,309 | 1,319,687 | 2.23% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $36,267,928 | 1,296,209 | 2.19% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $29,215,881 | 1,044,034 | 1.76% | Shares |
| NEUBERGER BERMAN GROUP LLC | $26,579,656 | 947,982 | 1.60% | Shares |
| Champlain Investment Partners, LLC | $26,261,105 | 938,567 | 1.59% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $25,109,784 | 897,419 | 1.52% | Shares |
| BANK OF AMERICA CORP /DE/ | $24,464,872 | 874,370 | 1.48% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $24,000,880 | 857,787 | 1.45% | Shares |
| Divisadero Street Capital Management, LP | $22,410,049 | 800,931 | 1.35% | Shares |
| Point72 Asset Management, L.P. | $16,910,552 | 604,380 | 1.02% | Shares |
| DAFNA Capital Management LLC | $16,716,119 | 597,431 | 1.01% | Shares |
| Grandeur Peak Global Advisors, LLC | $16,435,424 | 587,399 | 0.99% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $16,245,776 | 580,621 | 0.98% | Shares |
| First Light Asset Management, LLC | $15,888,107 | 567,838 | 0.96% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $15,837,403 | 555,114 | 0.96% | Shares |
| Qube Research & Technologies Ltd | $15,691,856 | 560,824 | 0.95% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $15,224,572 | 544,123 | 0.92% | Shares |
| TWO SIGMA INVESTMENTS, LP | $14,711,744 | 525,795 | 0.89% | Shares |
| FMR LLC | $14,167,874 | 506,357 | 0.86% | Shares |
| OSTERWEIS CAPITAL MANAGEMENT INC | $14,027,913 | 501,355 | 0.85% | Shares |
| NORTHERN TRUST CORP | $13,487,563 | 482,043 | 0.81% | Shares |
| MORGAN STANLEY | $12,809,189 | 457,798 | 0.77% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $11,838,506 | 423,106 | 0.71% | Shares |
| TWO SIGMA ADVISERS, LP | $10,985,812 | 277,700 | 0.66% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $10,886,990 | 389,099 | 0.66% | Shares |
| NORGES BANK | $10,474,649 | 374,362 | 0.63% | Shares |
| Nuveen, LLC | $10,235,784 | 365,825 | 0.62% | Shares |
| WCM INVESTMENT MANAGEMENT, LLC | $10,076,025 | 351,081 | 0.61% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $10,046,163 | 359,048 | 0.61% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $9,388,437 | 335,541 | 0.57% | Shares |
| Point72 (DIFC) Ltd | $9,237,777 | 262,065 | 0.56% | Shares |
| First Eagle Investment Management, LLC | $8,328,051 | 297,643 | 0.50% | Shares |
| SEI INVESTMENTS CO | $7,871,117 | 281,310 | 0.48% | Shares |
| RAYMOND JAMES FINANCIAL INC | $7,444,218 | 266,055 | 0.45% | Shares |
| Amundi | $7,410,615 | 264,854 | 0.45% | Shares |
| WASATCH ADVISORS LP | $7,244,651 | 253,931 | 0.44% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $6,550,118 | 234,100 | 0.40% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $6,332,938 | 226,338 | 0.38% | Shares |
| NICHOLAS COMPANY, INC. | $5,724,568 | 204,595 | 0.35% | Shares |
Activists & 5%+ owners 5 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 |
|---|---|---|---|---|---|
| Hudson Executive Capital LP, HEC Management GP LLC, Douglas L. Braunstein ×3 filings | Oct. 9, 2018 | · | Initial filing | · | SEC |
| Discovery Equity Partners, L.P., Discovery Group I, LLC, Daniel J. Donoghue, Michael R. Murphy ×5 filings | June 3, 2013 | · | Initial filing | · | SEC |
| David J. Drachman (2) | Sept. 13, 2012 | · | Initial filing | · | SEC |
| David J. Drachman | March 25, 2011 | · | Initial filing | Passive investment | SEC |
| Discovery Group I, LLC, Daniel J. Donoghue, Michael R. Murphy | Sept. 10, 2010 | · | 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.
Company insiders 44 insiders · 22 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael H Carrel | President, CEO, & Director | July 30, 2026 G | 774,434 | 0 | 0 | $0 |
| David J Drachman | President and CEO | Sept. 12, 2012 M | 146,000 | 0 | 0 | $0 |
| Angela L Wirick | Chief Financial Officer | March 1, 2026 F | 204,893 | 0 | 0 | $0 |
| Andrew M. Wade | CFO | June 30, 2020 A | 140,537 | 0 | 0 | $0 |
| Julie A Piton | VP Fin & Admin & CFO | Feb. 17, 2012 F | 96,510 | 0 | 0 | $0 |
| Thomas J Etergino | Vice President and CFO | June 21, 2006 A | · | 0 | 0 | $0 |
| Douglas J Seith | Chief Operating Officer | June 30, 2026 A | 229,867 | 0 | 0 | $0 |
| Salvatore Privitera | Chief Technical Officer | Sept. 23, 2026 S | 142,745 | 0 | 3 | $-879,833 |
| Karl S. Dahlquist | Chief Legal Officer | Aug. 24, 2026 S | 87,319 | 0 | 1 | $-458,099 |
| Justin J Noznesky | Chief Mktg & Strategy Officer | July 29, 2026 S | 100,219 | 0 | 2 | $-432,502 |
| Vinayak Doraiswamy | Chief Scientific Officer | July 28, 2026 S | 86,511 | 0 | 3 | $-523,080 |
| Andrew L Lux | SVP, Ops & Quality | June 30, 2017 A | 66,549 | 0 | 0 | $0 |
| Patricia J Kennedy | VP and GM, International | Oct. 27, 2015 F | 63,124 | 0 | 0 | $0 |
| James L Lucky | VP, Clinical, Regulatory & QS | March 5, 2013 M | 51,250 | 0 | 0 | $0 |
| Stewart W Strong | VP Global Marketing | Feb. 9, 2012 F | 43,098 | 0 | 0 | $0 |
| Frederick Preiss | Vice President Operations | Feb. 9, 2012 F | 22,162 | 0 | 0 | $0 |
| Deborah L Morley | VP Clinical Affairs | July 29, 2009 A | 27,879 | 0 | 0 | $0 |
| Jon A Sherman | VP, Product Development | May 10, 2009 F | 18,335 | 0 | 0 | $0 |
| Maureen Shaffer | Vice President Marketing | June 20, 2007 A | · | 0 | 0 | $0 |
| Elsa Chi Abruzzo | VP Regulatory&Clinical Affairs | June 20, 2007 A | · | 0 | 0 | $0 |
| Stephen S Cambridge | Vice President; Sales | Feb. 7, 2006 A | · | 0 | 0 | $0 |
| Richard S Walsh | Vice President; Sales | Sept. 15, 2005 P | 1,750 | 0 | 0 | $0 |
| Regina E Groves | Director | Sept. 11, 2026 S | 34,546 | 0 | 1 | $-288,071 |
| Maggie Yuen | Director | Aug. 5, 2026 S | 14,015 | 0 | 2 | $-241,630 |
| Karen Prange | Director | Aug. 5, 2026 S | 22,809 | 0 | 2 | $-224,233 |
| Sven Wehrwein | Director | July 28, 2026 M | 40,518 | 0 | 3 | $-1,322,578 |
| Shlomo Nachman | Director | May 18, 2026 A | 24,655 | 0 | 0 | $0 |
| Deborah H Telman | Director | May 18, 2026 A | 28,328 | 0 | 0 | $0 |
| Robert S. White | Director | May 18, 2026 A | 128,318 | 0 | 0 | $0 |
| Florin Daniel P | Director | May 20, 2021 A | 10,103 | 0 | 0 | $0 |
| Scott William Drake | Director | May 10, 2021 M | 41,036 | 0 | 0 | $0 |
| Mark R Lanning | Director | May 5, 2021 M | 140,886 | 0 | 0 | $0 |
| Elizabeth D Krell | Director | May 7, 2018 M | 19,967 | 0 | 0 | $0 |
| Richard M Johnston | Director | May 24, 2017 A | 5,805 | 0 | 0 | $0 |
| Michael D Hooven | Director | May 5, 2017 M | 67,049 | 0 | 0 | $0 |
| Karen P Robards | Director | Dec. 19, 2016 G | 318,328 | 0 | 0 | $0 |
| Donald C Harrison | Director | May 23, 2013 A | 198,741 | 0 | 0 | $0 |
| Lee R Wrubel | Director | May 16, 2008 S | 295,717 | 0 | 0 | $0 |
| Norman R Weldon | Director | Aug. 10, 2005 C | 241,070 | 0 | 0 | $0 |
| Kristine B Johnson | · | May 18, 2026 A | 55,954 | 0 | 0 | $0 |
| Deborah Lee Yount | · | March 1, 2025 F | 45,578 | 0 | 0 | $0 |
| Mark A Collar | · | March 13, 2023 M | 100,871 | 0 | 0 | $0 |
| Tonya Austin | · | May 13, 2022 S | 17,621 | 0 | 0 | $0 |
| Alan L Kaganov | · | Aug. 23, 2006 M | 3,947 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 39 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 |
|---|---|---|---|---|
| PSCH · Invesco Exchange-Traded Fund Trust … | 1.54% | 48,914 SH | Oct. 1, 2026 | Daily |
| HAPS · Harbor ETF Trust | 0.94% | 42,408 NS | July 31, 2026 | N-PORT |
| QQQS · Invesco Exchange-Traded Fund Trust … | 0.60% | 2,479 SH | Oct. 1, 2026 | Daily |
| RZG · Invesco Exchange-Traded Fund Trust | 0.54% | 11,344 SH | Oct. 1, 2026 | Daily |
| IHI · iShares Trust | 0.40% | 242,608 SH | Sept. 11, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.18% | 61,543 NS | July 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.17% | 468,401 SH | Sept. 11, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.10% | 49,263 SH | Oct. 1, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.09% | 4,292 SH | Oct. 1, 2026 | Daily |
| ESML · iShares Trust | 0.09% | 47,004 SH | Sept. 11, 2026 | Daily |
| IWM · iShares Trust | 0.09% | 1,277,775 SH | Sept. 11, 2026 | Daily |
| ISCG · iShares Trust | 0.08% | 15,113 SH | Sept. 11, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.08% | 53,568 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.07% | 12,960 NS | July 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.06% | 23,903 NS | July 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.04% | 640,945 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 287,208 SH | Aug. 19, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.04% | 13,604 SH | Oct. 1, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.04% | 5,573 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.03% | 125,887 NS | July 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.03% | 22,662 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.02% | 2,945 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 580,327 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.02% | 1,105,404 SH | Aug. 19, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.02% | 144,747 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.01% | 118,857 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 4,765 NS | July 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 1,092 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 5,963 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 14,222 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 66,458 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 12,377 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 15,029 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,519,312 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 41,883 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,861 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.00% | 11,156 SH | Aug. 19, 2026 | Daily |
| ISCB · iShares Trust | · | 2,111 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 34,259 SH | Sept. 11, 2026 | Daily |
ATRC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 16 analysts
BUY
Median target
$55.00
-0.3%
4 25.0%
Strong Buy
9 56.2%
Buy
3 18.8%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
9 analysts · 2026-09-30Mean target $53.33 -3.3%
Now
Current price $55.14
Low$36.00
Mean$53.33
High$65.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ATRC | $1.97B | -164.8 | 14.9% | -2.1% | -2.4% | 75.0% |
| PLSE | · | · | · | · | · | · |
| ASST | · | -0.1 | 1217.5% | · | · | · |
| CHRN | $2.67B | -51.0 | -15.1% | -70.3% | -53.2% | · |
| TMDX | $4.17B | 25.0 | 37.1% | 31.4% | 48.1% | 59.9% |
| BFLY | · | -12.3 | 19.0% | -79.0% | -35.9% | 46.9% |
| AXGN | $1.54B | -96.3 | 20.2% | -7.0% | -13.0% | 74.3% |
| INSP | $2.64B | 18.9 | 13.6% | 16.0% | 19.9% | 85.4% |
| LMAT | $1.85B | 32.2 | 13.5% | 23.1% | 15.3% | 71.5% |
| KMTS | $1.21B | -8.5 | 59.0% | -138.4% | -62.1% | 51.4% |
| ABT | $250.18B | 33.7 | 5.7% | 14.7% | 13.1% | · |
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Source: SEC 10-Q filed Jul 27, 2026