BETA Beta Technologies, Inc. Class A Common Stock
$24.95
Price · Aug 18, 2026
Fundamentals as of Aug 12, 2026
52W Range
$13–$40
44% of range
Analyst Rating
BUY
14 analysts
Price Target
$31
+26% upside
P/E (TTM)
-2.2
ROE
-70.7%
Net Profit Margin
-2094.2%
BETA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$24.95
Market Cap
—
P/E (TTM)
-2.2
EPS (TTM)
$-12.85
Revenue (TTM)
$36M
Div Yield
—
ROE
-70.7%
Debt/Equity
0.1
52W Range
$13 – $40
BETA 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
$36M
2023-12-31
→
2025-12-31
EPS
$-12.85
2023-12-31
→
2025-12-31
Free Cash Flow
$-313M
2025-12-31
→
2025-12-31
Margins
-2094.2%
2025-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
BETA
Peer Median
P/E (TTM)
-2.2
54.1
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
BETA
Peer Median
Gross Margin
72.2%
25.4%
Operating Margin
-1046.3%
—
Net Profit Margin
-2094.2%
5.4%
ROA
-53.8%
3.8%
ROE
-70.7%
8.1%
ROIC
-18.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
BETA
Peer Median
Debt / Equity
0.1
16.4
Current Ratio
22.8
3.0
Quick Ratio
22.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
BETA
Peer Median
Revenue YoY
136.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
BETA
Peer Median
BETA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 6 42.9%
- Buy 7 50.0%
- Hold 1 7.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
8 analysts · 2026-08-13
Median
$32.00
← Below all targets
$24.95
Low
$25.00
High
$37.00
Median target
$32.00
+28.3%
Mean target
$31.38
+25.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-3.2%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.64 | $-0.56 | -0.08% |
| March 31, 2026 | $-0.53 | $-0.67 | 0.14% |
| Dec. 31, 2025 | $-10.01 | $-0.49 | -9.5% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BETA | — | -2.2 | 136.0% | -2094.2% | -70.7% | 72.2% |
| KRMN | $9.68B | 562.8 | 36.6% | 3.7% | 4.7% | 40.3% |
| HXL | $5.59B | 194.5 | -0.48% | 5.8% | 7.8% | 23.0% |
| LOAR | $6.37B | 90.7 | 23.2% | 14.5% | 6.4% | 52.7% |
| MRCY | $7.52B | -252.4 | 7.8% | -3.0% | -2.0% | 28.6% |
| AIR | — | 23.2 | 19.0% | 5.7% | 11.5% | 18.8% |
| VSEC | — | — | — | — | — | — |
| ACHR | $5.60B | -7.6 | — | -206066.7% | -31.8% | — |
| FLY | $3.56B | -4.6 | 162.9% | -186.6% | -219.4% | 19.2% |
| LUNR | — | -22.2 | -7.9% | -39.6% | 9.4% | — |
| ATRO | — | 67.0 | 8.4% | 3.4% | 14.8% | 29.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $36M | $15M | $15M | |
| Cost of Revenue | $10M | $5M | $2M | |
| Gross Profit | $26M | $11M | $13M | |
| R&D Expense | $260M | $207M | $138M | |
| SG&A Expense | $138M | $76M | $62M | |
| Operating Expenses | $398M | $283M | $200M | |
| Operating Income | $-373M | $-272M | $-187M | |
| Interest Income | $20M | $9M | $12M | |
| Other Non-op | $-372M | $-3M | $12M | |
| Pretax Income | $-745M | $-275M | $-175M | |
| Income Tax | $756.0K | $514.0K | $1M | |
| Net Income | $-746M | $-276M | $-176M | |
| EPS (Basic) | $-12.85 | $-6.77 | $-4.50 | |
| EPS (Diluted) | $-12.85 | $-6.77 | $-4.50 | |
| Shares (Basic) | 74,970,976 | 45,238,028 | 44,902,270 | |
| Shares (Diluted) | 74,970,976 | 45,238,028 | 44,902,270 | |
| EBITDA | $-351M | · | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $1.71B | $301M | $254M | |
| Receivables | $6M | $2M | · | |
| Prepaid Expense | $23M | $24M | · | |
| Other Current Assets | · | $3M | · | |
| Current Assets | $1.74B | $327M | · | |
| PP&E (Net) | $349M | $320M | · | |
| PP&E (Gross) | $403M | $352M | · | |
| Accum. Depreciation | $54M | $33M | · | |
| Other Non-current Assets | $2M | $3M | · | |
| Total Assets | $2.11B | $666M | · | |
| Accounts Payable | $25M | $16M | · | |
| Accrued Liabilities | $35M | $25M | · | |
| Current Liabilities | $76M | $57M | · | |
| Capital Leases | $17M | $17M | · | |
| Other Non-current Liabilities | $3M | $2M | · | |
| Total Liabilities | $288M | $230M | · | |
| Long-term Debt | $186M | $152M | · | |
| Total Debt | $186M | · | · | |
| Paid-in Capital | $3.73B | $0 | · | |
| Retained Earnings | $-1.91B | $-969M | · | |
| Treasury Stock | $0 | $6M | · | |
| AOCI | $-10.0K | $-207.0K | · | |
| Stockholders' Equity | $1.82B | $436M | $385M | |
| Liabilities + Equity | $2.11B | $666M | · | |
| Shares Outstanding | · | 37,040,639 | · |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $22M | $16M | $9M | |
| Stock-based Comp | $35M | $12M | $9M | |
| Deferred Tax | $238.0K | $-236.0K | $633.0K | |
| Other Non-cash | $421M | · | · | |
| Operating Cash Flow | $-268M | $-223M | $-158M | |
| CapEx | $45M | $74M | $153M | |
| Investing Cash Flow | $-44M | $-69M | $-152M | |
| Net Debt Issued | $-4M | · | · | |
| Stock Repurchased | $0 | $530.0K | $0 | |
| Net Stock Activity | $0 | · | · | |
| Financing Cash Flow | $1.73B | $339M | $134M | |
| Net Change in Cash | $1.41B | $48M | $-176M | |
| Taxes Paid | $168.0K | $30.0K | $196.0K | |
| Free Cash Flow | $-313M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Gross Margin | 72.2% | · | · | |
| Operating Margin | -1046.3% | · | · | |
| Net Margin | -2094.2% | · | · | |
| Pretax Margin | -2092.1% | · | · | |
| EBITDA Margin | -984.5% | · | · | |
| ROA | -53.8% | · | · | |
| ROE | -70.7% | · | · | |
| ROIC | -18.6% | · | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | 22.8 | · | · | |
| Quick Ratio | 22.5 | · | · | |
| Debt / Equity | 0.1 | · | · | |
| LT Debt / Equity | 0.1 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Asset Turnover | 0.0 | · | · | |
| Receivables Turnover | 9.0 | · | · |
Growth Rates 1
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 136.0% | -1.7% | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $36M | · | · | |
| Net Income TTM | $-746M | · | · | |
| P/E | -2.2 | · | · | |
| Earnings Yield | -45.6% | · | · |
Income Statement 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15M | $10M | $11M | $9M | $6M | $10M | $4M | |
| Cost of Revenue | $7M | $4M | $4M | $3M | $1M | $2M | $1M | |
| Gross Profit | $8M | $6M | $7M | $6M | $5M | $8M | $3M | |
| R&D Expense | $122M | $92M | $89M | $56M | $58M | $58M | $61M | |
| SG&A Expense | $44M | $47M | $52M | $30M | $26M | $28M | $18M | |
| Operating Expenses | $166M | $139M | $142M | $87M | $84M | $86M | $79M | |
| Operating Income | $-158M | $-133M | $-135M | $-81M | $-79M | $-78M | $-76M | |
| Interest Income | $13M | $14M | $13M | $3M | $2M | $3M | $3M | |
| Other Non-op | $10M | $11M | $-15M | $-356M | $-867.0K | $-163.0K | $-149.0K | |
| Pretax Income | $-148M | $-122M | $-150M | $-437M | $-80M | $-78M | $-76M | |
| Income Tax | $267.0K | $216.0K | $176.0K | $253.0K | $229.0K | $98.0K | $268.0K | |
| Net Income | $-149M | $-122M | $-150M | $-437M | $-80M | $-78M | $-76M | |
| EPS (Basic) | $-0.64 | $-0.53 | $1.01 | $-9.83 | $-2.02 | $-1.98 | $-1.92 | |
| EPS (Diluted) | $-0.64 | $-0.53 | $1.01 | $-9.83 | $-2.02 | $-1.98 | $-1.92 | |
| Shares (Basic) | 231,977,950 | 229,644,583 | 29,163,416 | 45,948,603 | 45,834,973 | 45,634,214 | 63,448 | |
| Shares (Diluted) | 231,977,950 | 229,644,583 | 29,163,416 | 45,948,603 | 45,834,973 | 45,634,214 | 63,448 | |
| EBITDA | $-158M | $-127M | · | $-75M | · | · | · |
Balance Sheet 25
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.48B | $1.59B | $1.71B | $688M | · | · | $301M | |
| Receivables | $4M | $6M | $6M | $8M | · | · | $2M | |
| Prepaid Expense | $21M | $25M | $23M | $17M | · | · | $24M | |
| Other Current Assets | · | · | · | $3M | · | · | · | |
| Current Assets | $1.50B | $1.62B | $1.74B | $713M | · | · | $327M | |
| PP&E (Net) | $403M | $371M | $349M | $332M | · | · | $320M | |
| PP&E (Gross) | $462M | $431M | $403M | $380M | · | · | $352M | |
| Accum. Depreciation | $59M | $60M | $54M | $49M | · | · | $33M | |
| Other Non-current Assets | $6M | $3M | $2M | · | · | · | $3M | |
| Total Assets | $1.93B | $2.01B | $2.11B | $1.07B | · | · | $666M | |
| Accounts Payable | $23M | $22M | $25M | $13M | · | · | $16M | |
| Accrued Liabilities | $44M | $29M | $35M | $33M | · | · | $25M | |
| Current Liabilities | $104M | $76M | $76M | $68M | · | · | $57M | |
| Capital Leases | $21M | $18M | $17M | $17M | · | · | $17M | |
| Other Non-current Liabilities | $3M | $3M | $3M | $3M | · | · | $2M | |
| Total Liabilities | $318M | $288M | $288M | $279M | · | · | $230M | |
| Long-term Debt | $184M | $185M | $186M | $185M | · | · | $152M | |
| Total Debt | $184M | $185M | · | $185M | · | · | · | |
| Paid-in Capital | $3.80B | $3.76B | $3.73B | $0 | · | · | $0 | |
| Retained Earnings | $-2.18B | $-2.04B | $-1.91B | $-1.59B | · | · | $-969M | |
| Treasury Stock | · | · | $0 | $6M | · | · | $6M | |
| AOCI | $-199.0K | $-87.0K | $-10.0K | $-93.0K | · | · | $-207.0K | |
| Stockholders' Equity | $1.62B | $1.73B | $1.82B | $790M | · | · | $436M | |
| Liabilities + Equity | $1.93B | $2.01B | $2.11B | $1.07B | · | · | $666M | |
| Shares Outstanding | · | · | · | 37,578,571 | · | · | · |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|---|---|
| D&A | $6M | $6M | $6M | $6M | $5M | $5M | $5M | |
| Stock-based Comp | $15M | $23M | $18M | $5M | $4M | $7M | $3M | |
| Other Non-cash | · | $-3M | · | · | · | · | · | |
| Operating Cash Flow | $-75M | $-95M | $-84M | $-69M | $-56M | $-58M | $-57M | |
| CapEx | $41M | $24M | $20M | $13M | $6M | $7M | $22M | |
| Investing Cash Flow | $-41M | $-24M | $-20M | $-13M | $-6M | $-6M | $-18M | |
| Net Debt Issued | · | $-1M | · | · | · | · | · | |
| Stock Repurchased | · | · | $0 | · | · | · | $0 | |
| Financing Cash Flow | $6M | $-1M | $1.13B | $596M | $3M | $-310.0K | $324M | |
| Net Change in Cash | $-110M | $-121M | $1.02B | $515M | $-59M | $-65M | $249M | |
| Taxes Paid | · | · | $51.0K | · | · | · | $-4.0K | |
| Free Cash Flow | · | $-120M | · | · | · | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.7% | 57.6% | · | 69.3% | · | · | · | |
| Operating Margin | -1078.7% | -1312.1% | · | -903.5% | · | · | · | |
| Net Margin | -1014.8% | -1207.0% | · | -4902.6% | · | · | · | |
| Pretax Margin | -1013.0% | -1204.9% | · | -4899.8% | · | · | · | |
| EBITDA Margin | -1078.7% | -1251.4% | · | -838.5% | · | · | · | |
| ROA | -15.4% | -12.2% | · | -81.8% | · | · | · | |
| ROE | -18.4% | -14.2% | · | -110.7% | · | · | · | |
| ROIC | -8.8% | -7.0% | · | -8.3% | · | · | · |
Liquidity & Solvency 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 14.5 | 21.4 | · | 10.4 | · | · | · | |
| Quick Ratio | 14.3 | 21.0 | · | 10.2 | · | · | · | |
| Debt / Equity | 0.1 | 0.1 | · | 0.2 | · | · | · | |
| LT Debt / Equity | 0.1 | 0.1 | · | 0.2 | · | · | · |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | · | · | · | |
| Receivables Turnover | 8.1 | 3.2 | · | 2.3 | · | · | · |
Valuation (TTM) 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $40M | · | · | · | · | · | · | |
| Net Income TTM | $-789M | · | · | · | · | · | · | |
| P/E | -1.3 | · | · | · | · | · | · | |
| Earnings Yield | -77.7% | · | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Revenue | $36M | $15M | $15M |
| Gross Margin % | 72.2% | — | — |
| Operating Margin % | -1046.3% | — | — |
| Net Income | $-746M | $-276M | $-176M |
| Diluted EPS | $-12.85 | $-6.77 | $-4.50 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Debt / Equity | 0.1 | — | — |
| Current Ratio | 22.8 | — | — |
| Quick Ratio | 22.5 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Free Cash Flow | $-313M | — | — |
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Institutional owners (13F) 198 filers · $1.8B 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 |
|---|---|---|---|---|
| 72 (+24 vs prior Q) | 25 (-6 vs prior Q) | 62 (+14 vs prior Q) | 26 (-2 vs prior Q) | +9.0M |
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 |
|---|---|---|---|---|
| FMR LLC | $458,109,971 | 27,349,849 | 26.00% | Shares |
| General Electric Co | $340,199,317 | 20,310,407 | 19.31% | Shares |
| TPG GP A, LLC | $274,623,536 | 16,395,435 | 15.59% | Shares |
| AMAZON COM INC | $196,877,758 | 11,753,896 | 11.17% | Shares |
| VANGUARD GROUP INC | $71,555,032 | 2,536,513 | 4.06% | Shares |
| STATE STREET CORP | $43,155,437 | 2,576,444 | 2.45% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $31,752,590 | 1,895,677 | 1.80% | Shares |
| HITE Hedge Asset Management LLC | $31,695,606 | 1,892,275 | 1.80% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $30,498,367 | 1,820,798 | 1.73% | Shares |
| Empire Life Investments Inc. | $22,408,803 | 1,337,839 | 1.27% | Shares |
| NORGES BANK | $20,930,767 | 1,249,598 | 1.19% | Shares |
| MASTERS CAPITAL MANAGEMENT LLC | $17,222,350 | 1,028,200 | 0.98% | Shares |
| Liberty Street Advisors, Inc. | $16,736,634 | 999,202 | 0.95% | Shares |
| MILLENNIUM MANAGEMENT LLC | $16,269,225 | 971,297 | 0.92% | Shares |
| Clearbridge Investments, LLC | $14,911,679 | 890,249 | 0.85% | Shares |
| CITADEL ADVISORS LLC | $14,611,427 | 872,324 | 0.83% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $11,338,798 | 676,701 | 0.64% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $11,264,459 | 672,505 | 0.64% | Shares |
| Granahan Investment Management, LLC | $7,076,758 | 422,493 | 0.40% | Shares |
| Pictet Asset Management Holding SA | $6,663,418 | 397,816 | 0.38% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $6,044,154 | 360,845 | 0.34% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5,516,110 | 329,320 | 0.31% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,499,025 | 328,300 | 0.31% | Put option |
| Marino Management, LLC | $5,259,366 | 313,992 | 0.30% | Shares |
| SEVEN GRAND MANAGERS, LLC | $5,025,000 | 300,000 | 0.29% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,830,700 | 288,400 | 0.27% | Call option |
| GILDER GAGNON HOWE & CO LLC | $4,418,064 | 263,765 | 0.25% | Shares |
| CITADEL ADVISORS LLC | $3,869,250 | 231,000 | 0.22% | Call option |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $3,768,750 | 225,000 | 0.21% | Shares |
| Burkehill Global Management, LP | $3,768,750 | 225,000 | 0.21% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $3,697,161 | 220,726 | 0.21% | Shares |
| Alyeska Investment Group, L.P. | $2,979,272 | 177,867 | 0.17% | Shares |
| Quantinno Capital Management LP | $2,783,063 | 166,153 | 0.16% | Shares |
| GOLDMAN SACHS GROUP INC | $2,512,282 | 149,987 | 0.14% | Shares |
| Corient Private Wealth LP | $2,321,573 | 138,601 | 0.13% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,275,890 | 135,874 | 0.13% | Shares |
| MARSHALL WACE, LLP | $2,256,074 | 134,691 | 0.13% | Shares |
| Aureus Asset Management, LLC | $2,204,200 | 131,594 | 0.13% | Shares |
| JANE STREET GROUP, LLC | $2,159,075 | 128,900 | 0.12% | Call option |
| Mitsubishi UFJ Asset Management Co., Ltd. | $2,090,400 | 124,800 | 0.12% | Shares |
| Squarepoint Ops LLC | $2,044,840 | 122,080 | 0.12% | Shares |
| JANE STREET GROUP, LLC | $2,004,975 | 119,700 | 0.11% | Put option |
| Weiss Asset Management LP | $1,982,597 | 118,364 | 0.11% | Shares |
| Holocene Advisors, LP | $1,978,979 | 118,148 | 0.11% | Shares |
| Trexquant Investment LP | $1,945,513 | 116,150 | 0.11% | Shares |
| Swiss National Bank | $1,822,400 | 108,800 | 0.10% | Shares |
| Corps Capital Advisors, LLC | $1,704,342 | 101,752 | 0.10% | Shares |
| Ghisallo Capital Management LLC | $1,675,000 | 100,000 | 0.10% | Shares |
| SCS Capital Management LLC | $1,645,520 | 98,240 | 0.09% | Shares |
| SORA INVESTORS LLC | $1,440,500 | 86,000 | 0.08% | Shares |
| CITADEL ADVISORS LLC | $1,348,375 | 80,500 | 0.08% | Put option |
| Wealthspire Advisors, LLC | $1,342,188 | 80,131 | 0.08% | Shares |
| Capricorn Fund Managers Ltd | $1,298,963 | 77,550 | 0.07% | Shares |
| TD Asset Management Inc | $1,278,025 | 76,300 | 0.07% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,187,742 | 70,910 | 0.07% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $999,975 | 59,700 | 0.06% | Shares |
| AMERIPRISE FINANCIAL INC | $964,264 | 57,568 | 0.05% | Shares |
| CITIGROUP INC | $867,700 | 51,803 | 0.05% | Shares |
| IEQ CAPITAL, LLC | $789,411 | 47,129 | 0.04% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $746,196 | 44,549 | 0.04% | Shares |
| RHUMBLINE ADVISERS | $732,790 | 43,749 | 0.04% | Shares |
| BlackRock, Inc. | $728,056 | 43,466 | 0.04% | Shares |
| ALLIANCEBERNSTEIN L.P. | $715,743 | 48,690 | 0.04% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $714,120 | 42,634 | 0.04% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $646,299 | 38,585 | 0.04% | Shares |
| Mariner, LLC | $637,546 | 38,063 | 0.04% | Shares |
| Y-Intercept (Hong Kong) Ltd | $631,140 | 37,680 | 0.04% | Shares |
| FIRST FOUNDATION ADVISORS | $597,138 | 35,650 | 0.03% | Shares |
| Advisory Services Network, LLC | $558,529 | 33,345 | 0.03% | Shares |
| Composition Wealth, LLC | $543,940 | 32,474 | 0.03% | Shares |
| IMC-Chicago, LLC | $539,082 | 32,184 | 0.03% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $525,347 | 31,364 | 0.03% | Shares |
| Bank of New York Mellon Corp | $520,272 | 31,061 | 0.03% | Shares |
| WELLS FARGO & COMPANY/MN | $512,249 | 30,582 | 0.03% | Shares |
| MOODY NATIONAL BANK TRUST DIVISION | $445,332 | 26,587 | 0.03% | Shares |
| Aquatic Capital Management LLC | $444,428 | 26,533 | 0.03% | Shares |
| SIMPLEX TRADING, LLC | $437,711 | 26,132 | 0.02% | Shares |
| Vident Advisory, LLC | $430,190 | 25,683 | 0.02% | Shares |
| Woodline Partners LP | $418,750 | 25,000 | 0.02% | Shares |
| LPL Financial LLC | $413,373 | 24,679 | 0.02% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $403,223 | 24,073 | 0.02% | Shares |
| Sowell Financial Services LLC | $365,602 | 21,827 | 0.02% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $358,886 | 21,426 | 0.02% | Shares |
| Green Alpha Advisors, LLC | $357,546 | 21,346 | 0.02% | Shares |
| RAYMOND JAMES FINANCIAL INC | $356,021 | 21,255 | 0.02% | Shares |
| MetLife Investment Management, LLC | $312,270 | 18,643 | 0.02% | Shares |
| SummitTX Capital, L.P. | $307,564 | 18,362 | 0.02% | Shares |
| Wealthfront Advisers LLC | $300,797 | 17,958 | 0.02% | Shares |
| Renaissance Capital LLC | $282,589 | 16,871 | 0.02% | Shares |
| Pathstone Holdings, LLC | $277,484 | 16,500 | 0.02% | Shares |
| State of Wyoming | $275,320 | 16,437 | 0.02% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $273,002 | 15,415 | 0.02% | Shares |
| Evercore Wealth Management, LLC | $262,824 | 15,691 | 0.01% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $261,300 | 15,600 | 0.01% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $252,540 | 15,077 | 0.01% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $250,530 | 14,957 | 0.01% | Shares |
| Cresset Asset Management, LLC | $246,543 | 14,719 | 0.01% | Shares |
| MORGAN STANLEY | $246,342 | 14,707 | 0.01% | Shares |
| J. Derek Lewis & Associates Inc. | $244,550 | 14,600 | 0.01% | Shares |
| Integrated Wealth Concepts LLC | $237,135 | 14,157 | 0.01% | Shares |
Company insiders 13 insiders · 6 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kyle Clark | President and Chief Executive Officer | Aug. 18, 2026 S | 5,319,141 | 0 | 27 | $-8,787,488 |
| Herman Cueto | CHIEF FINANCIAL OFFICER | April 14, 2026 A | 109,051 | 1 | 0 | $141,678 |
| Sean Donovan | CHIEF OPERATING OFFICER | April 14, 2026 A | 195,203 | 0 | 0 | $0 |
| Mark William Hunter | CHIEF ACCOUNTING OFFICER | April 14, 2026 A | 14,725 | 1 | 0 | $19,992 |
| David Lawrence Churchill | CHIEF TECHNOLOGY OFFICER | April 14, 2026 A | 3,640 | 1 | 0 | $51,000 |
| Brian Dunkiel | Chief Legal Officer, Vice President and Secretary | April 14, 2026 A | 141,925 | 1 | 0 | $51,000 |
| Michael Robert Stone | Director | June 11, 2026 A | 8,213 | 0 | 0 | $0 |
| James Mcconville | Director | June 11, 2026 A | 9,213 | 1 | 0 | $34,000 |
| John S. Slattery | Director | June 11, 2026 A | 274,658 | 0 | 0 | $0 |
| Martine A Rothblatt | Director | June 11, 2026 A | 8,213 | 0 | 0 | $0 |
| DAVIS CHARLES A /NJ/ | Director | June 11, 2026 A | 8,213 | 1 | 0 | $97,000,017 |
| John E Abele | Director | June 11, 2026 A | 8,213 | 0 | 0 | $0 |
| Dean Kamen | Director | Jan. 30, 2026 A | 51,071 | 1 | 0 | $1,700,000 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
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 |
|---|---|---|---|---|---|
| General Electric Company | Nov. 10, 2025 | 9.20% | 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 30 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 |
|---|---|---|---|---|
| PBW · Invesco Exchange-Traded Fund Trust | 2.57% | 499,218 SH | Aug. 8, 2026 | Daily |
| FBOT · Fidelity Covington Trust | 0.12% | 14,300 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.09% | 4,612 NS | April 30, 2026 | N-PORT |
| ITA · iShares Trust | 0.05% | 317,750 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.03% | 213,198 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.03% | 20,865 SH | Aug. 8, 2026 | Daily |
| DFEN · Direxion Shares ETF Trust | 0.03% | 6,727 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.03% | 11,152 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.02% | 860,609 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.02% | 584,673 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 194,876 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.02% | 1,565 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.01% | 90,868 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.01% | 1,586 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 3,481 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 146,096 NS | May 31, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.01% | 85,219 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 362,189 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 1,015,962 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 10,601 SH | Aug. 8, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | 0.01% | 65,878 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 1,224 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 1,238 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.00% | 6,595 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 31 NS | May 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 11,638 SH | Aug. 8, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 49,466 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 17,000 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,419,170 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,822 SH | Aug. 8, 2026 | Daily |