BL BlackLine, Inc. - Common Stock
NASDAQ · Technology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 5, 2026
$27.41
· of 52w range
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$24.7052w low
$59.3152w high
Market Cap (MRQ)
$1.60B
P/E (TTM)
48.9
EPS (TTM)
$0.56
Revenue (TTM)
$732M
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52W Range
$25–$59
Analyst Rating
HOLD
Price Target
$38
P/E
48.9
ROE
9.5%
Net Profit Margin
4.7%
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BL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$27.41
Market Cap (MRQ)
$1.60B
P/E (TTM)
48.9
EPS (TTM)
$0.56
Revenue (TTM)
$732M
ROE (TTM)
9.5%
52W Range
$25–$59
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About BlackLine, Inc. - Common Stock Company overview from Wikipedia
BlackLine Systems, Inc., is an American enterprise software company that develops cloud-based services designed to automate and manage the entire financial close process as well as consolidation, invoice-to-cash, and intercompany accounting. The Los Angeles–based company has 17 offices worldwide.
History
BlackLine was founded in 2001 by Therese Tucker, a former CTO at SunGard Treasury Systems. The initial goal was to help customers replace their use of Excel with a suite of accounting software.
The company functioned with no outside funding until 2013 when the private equity firm, Silver Lake Partners invested more than $200 million in the company.
BlackLine reached an agreement to form a strategic alliance with the financial consulting firm McGladrey, in 2015. As part of the alliance, the companies began offering a business process as a service (BPaaS) platform.
The company's IPO was October 28, 2016; they're listed on the Nasdaq under the symbol BL.
Runbook acquisition
In September 2016, the company acquired its European competitor, Runbook for $34 million.
Runbook marketed a dashboard software application program for SAP; before it was acquired by BlackLine.
The software's "automation of recurring financial processes" adds "visibility and transparency" and strengthens "internal controls and compliance documentation" of data maintained by SAP.
SAP agreement
In 2018 BlackLine reached an agreement with SAP for the latter "to resell BlackLine's .. cloud-based finance and accounting solutions" as part of "SAP Solution Extensions."
Rimilia acquisition
In October 2020, the company acquired UK-based accounts receivable automation company Rimilia for $150 million.
Rimilia's cloud-based SaaS platform "uses AI to accurately apply payments to customer's invoices with any ERP system".
WiseLayer
In December 2025, it was announced that BlackLine had acquired WiseLayer, a New York–based artificial intelligence company specialising in AI agents for automating accounting processes. The transaction, for which financial terms were not disclosed, was intended to support the integration of AI-driven capabilities into BlackLine’s financial operations software.
Operations
BlackLine provides software for more than 4,400 companies including Costco, Netflix, Coca-Cola, JetBlue Airways, Google, Kraft Heinz, Under Armour, Sirius XM Holdings. The company creates enhanced financial controls, in contrast to basic general ledger applications. BlackLine's software manages financial data, reconciles balances from sub-systems, ensures accurate and complete closings, and monitors regulatory controls through a system known as continuous auditing. The company's software is cloud-based, primarily running on the Google Cloud Platform, and meets ISO 27001 standards.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
sectorTechnology
industryTechnology
employees1,850
countryUS
10-Year Performance Revenue, net income, margins and EPS trends
Revenue$700M2016-12-31 → 2025-12-31
EPS$0.392016-12-31 → 2025-12-31
Free Cash Flow$161M2016-12-31 → 2025-12-31
Net margin4.7%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 | BL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 48.95Y avg ≈14.2 | ≈14.2 | · | · | |
| P/S (TTM) | 2.25Y avg ≈7.8 | ≈7.8 | 3.5 | Undervalued | |
| P/B (MRQ) | 5.15Y avg ≈17.6 | ≈17.6 | 5.3 | Fair value | |
| Price / FCF (TTM) | 9.15Y avg ≈49.6 | ≈49.6 | · | · | |
| Price / Cash Flow (TTM) | 8.85Y avg ≈43.6 | ≈43.6 | 19.5 | Fair value | |
| Price / Tangible Book (MRQ) | 5.8 | · | · | · |
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 | BL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 75.6%5Y avg ≈75.6% | ≈75.6% | 62.8% | Top tier | |
| Operating Margin (TTM) | 4.3%5Y avg ≈-2.2% | ≈-2.2% | 5.9% | In line | |
| EBITDA Margin | 3.6%5Y avg ≈-2.2% | ≈-2.2% | 5.9% | In line | |
| Pretax Margin (TTM) | 6.5%5Y avg ≈0.70% | ≈0.70% | -5.5% | Top tier | |
| Net Profit Margin (TTM) | 4.7%5Y avg ≈0.89% | ≈0.89% | -6.8% | Top tier | |
| ROA (TTM) | 2.1%5Y avg ≈0.55% | ≈0.55% | -4.6% | Top tier | |
| ROE (TTM) | 9.5%5Y avg ≈0.55% | ≈0.55% | -13.5% | Top tier | |
| ROIC | 4.3%5Y avg ≈-6.5% | ≈-6.5% | 4.2% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | BL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 1.75Y avg ≈2.8 | ≈2.8 | 2.1 | Low liquidity | |
| Quick Ratio | 0.95Y avg ≈1.4 | ≈1.4 | 1.2 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | BL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 7.2%5Y avg ≈14.9% | ≈14.9% | · | · | |
| Revenue CAGR 3Y | 10.2%5Y avg ≈14.8% | ≈14.8% | · | · | |
| Revenue CAGR 5Y | 14.8% | · | · | · | |
| EPS YoY | -73.1% | · | · | · | |
| Net Income YoY | -84.8% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | BL | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.45Y avg ≈0.3 | ≈0.3 | 0.6 | Weak | |
| Receivables Turnover | 3.55Y avg ≈3.7 | ≈3.7 | 5.5 | Weak | |
| Revenue / Employee | ≈$378.6K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
8.0%
Next Report
Nov 04, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 11, 2026 | $0.61 | $0.59 | 3.2% |
| March 31, 2026 | $0.56 | $0.46 | 21.2% | |
| Dec. 31, 2025 | $0.63 | $0.61 | 4.1% | |
| Sept. 30, 2025 | $0.51 | $0.52 | -2.0% | |
| June 30, 2025 | $0.51 | $0.53 | -2.9% | |
| March 31, 2025 | $0.49 | $0.39 | 24.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $700M | $653M | $590M | $523M | $426M | $352M | $289M | $228M | $176M | $128M | $84M | |
| Cost of Revenue | $173M | $162M | $147M | $129M | $98M | $69M | $59M | $51M | $41M | $30M | $23M | |
| Gross Profit | $527M | $491M | $443M | $394M | $328M | $283M | $230M | $177M | $134M | $98M | $61M | |
| R&D Expense | $109M | $101M | $103M | $109M | $77M | $56M | $43M | $31M | $24M | $21M | $18M | |
| SG&A Expense | $119M | $122M | $72M | $80M | $87M | $72M | $56M | $47M | $37M | $28M | $21M | |
| Operating Expenses | $501M | $473M | $429M | $450M | $366M | $303M | $258M | $207M | $165M | $121M | $96M | |
| Operating Income | $26M | $19M | $14M | $-56M | $-39M | $-20M | $-28M | $-30M | $-30M | $-23M | $-35M | |
| Interest Expense | · | · | $6M | $6M | $63M | $23M | $9M | $4.0K | $13.0K | $6M | $3M | |
| Interest Income | · | · | $52M | $15M | $700.0K | $5M | $6M | · | · | · | · | |
| Other Non-op | $23M | $106M | $46M | $9M | $-62M | $-19M | $-3M | $2M | $-2M | $-12M | $-4M | |
| Pretax Income | $48M | $125M | $61M | $-47M | $-101M | $-39M | $-30M | $-28M | $-33M | $-35M | $-38M | |
| Income Tax | $21M | $-43M | $1M | $-14M | $135.0K | $702.0K | $2M | $1M | $565.0K | $-9M | $-14M | |
| Net Income | $25M | $161M | $53M | $-29M | $-115M | $-47M | $-33M | $-29M | $-33M | $-26M | $-25M | |
| EPS (Basic) | $0.40 | $2.59 | $0.87 | $-0.49 | $-1.97 | $-0.83 | $-0.59 | $-0.53 | $-0.64 | $-0.62 | $-0.61 | |
| EPS (Diluted) | $0.39 | $1.45 | $0.81 | $-0.49 | $-1.97 | $-0.83 | $-0.59 | $-0.53 | $-0.64 | $-0.62 | $-0.61 | |
| Shares (Basic) | 61,430,000 | 62,129,000 | 60,849,000 | 59,539,000 | 58,351,000 | 56,832,000 | 55,320,000 | 53,912,000 | 52,161,000 | 42,497,000 | 40,579,000 | |
| Shares (Diluted) | 65,921,000 | 73,503,000 | 72,045,000 | 59,539,000 | 58,351,000 | 56,832,000 | 55,320,000 | 53,912,000 | 52,161,000 | 42,497,000 | 40,579,000 | |
| EBITDA | $26M | $19M | $14M | $-56M | $-39M | $-20M | $-28M | $-30M | $-35M | $-34M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $390M | $886M | $271M | $201M | $540M | $367M | $120M | $46M | $31M | $22M | $15M | |
| Receivables | $218M | $178M | $172M | $151M | $125M | $111M | $103M | $75M | $62M | $42M | $24M | |
| Prepaid Expense | $29M | $28M | $31M | $24M | $24M | $20M | $13M | $14M | $14M | $7M | $3M | |
| Current Assets | $1.03B | $1.09B | $1.41B | $1.25B | $1.35B | $674M | $723M | $222M | $188M | $164M | $48M | |
| PP&E (Net) | · | $12M | $15M | $20M | $16M | $13M | $13M | $14M | $13M | $11M | $12M | |
| PP&E (Gross) | · | · | · | · | · | $37M | $32M | $27M | $21M | $16M | $15M | |
| Accum. Depreciation | · | · | · | · | · | $24M | $19M | $13M | $9M | $5M | $3M | |
| Goodwill | $466M | $449M | $449M | $444M | $290M | $290M | $185M | $185M | $185M | $185M | $163M | |
| Intangibles | $49M | $60M | $79M | $91M | $36M | $47M | $18M | $28M | $41M | $54M | $57M | |
| Other Non-current Assets | $94M | $91M | $93M | $93M | $88M | $65M | $53M | $36M | $27M | $1M | $3M | |
| Total Assets | $1.76B | $1.83B | $2.10B | $1.94B | $1.82B | $1.11B | $1.01B | $493M | $461M | $420M | $287M | |
| Accounts Payable | $16M | $8M | $9M | $15M | $7M | $3M | $7M | $3M | $7M | $7M | $5M | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | $15M | |
| Current Liabilities | $695M | $422M | $643M | $368M | $323M | $242M | $207M | $159M | $134M | $108M | $74M | |
| Capital Leases | $20M | $20M | $16M | $9M | $13M | $7M | $11M | · | · | · | $558.0K | |
| Deferred Tax | $5M | $5M | $6M | $6M | $8M | $7M | $5M | $3M | $2M | · | · | |
| Other Non-current Liabilities | $593.0K | $708.0K | $4M | $6M | $124.0K | $0 | · | $3M | $3M | $2M | $4M | |
| Total Liabilities | $1.39B | $1.34B | $1.81B | $1.81B | $1.46B | $679M | $611M | $170M | $144M | $129M | $121M | |
| Common Stock | $599.0K | $628.0K | $615.0K | $600.0K | $590.0K | $577.0K | $559.0K | $547.0K | $530.0K | $513.0K | $407.0K | |
| Retained Earnings | $-25M | $-49M | $-215M | $-273M | $-302M | $-202M | $-164M | $-133M | $-103M | $-87M | $-48M | |
| Treasury Stock | · | · | · | · | · | · | · | · | · | · | $254.0K | |
| AOCI | $-296.0K | $-361.0K | $205.0K | $-1M | $298.0K | $376.0K | $377.0K | $45.0K | $-63.0K | $-41.0K | · | |
| Stockholders' Equity | $332M | $447M | $261M | $112M | $325M | $422M | $399M | $319M | $316M | $308M | $171M | |
| Liabilities + Equity | $1.76B | $1.83B | $2.10B | $1.94B | $1.82B | $1.11B | $1.01B | $493M | $461M | $420M | $287M | |
| Shares Outstanding | 59,880,563 | 62,813,352 | 61,515,105 | 60,016,824 | 58,984,247 | 57,682,118 | 55,930,994 | 54,682,647 | 52,982,976 | 51,277,964 | 40,673,327 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $47M | $50M | $50M | $43M | $27M | $21M | $21M | $22M | $20M | $17M | $15M | |
| Stock-based Comp | $93M | $83M | $78M | $76M | $66M | $50M | $34M | $21M | $16M | $7M | $5M | |
| Deferred Tax | $15M | $-55M | $-2M | $-14M | $-817.0K | $-381.0K | $1M | $213.0K | $85.0K | $-10M | $-14M | |
| Amort. of Intangibles | $14M | $20M | $21M | $20M | $10M | $8M | $10M | $13M | $13M | $13M | $12M | |
| Restructuring | $15M | $2M | $11M | $4M | $0 | $0 | · | · | · | · | · | |
| Operating Cash Flow | $170M | $191M | $127M | $56M | $80M | $55M | $30M | $16M | $6M | $-5M | $1M | |
| CapEx | $8M | $2M | $6M | $11M | $9M | $7M | $5M | $6M | $4M | $2M | $10M | |
| Investing Cash Flow | $-425M | $924M | $-62M | $-396M | $-507M | $174M | $-408M | $-16M | $-7M | $-120M | · | |
| Debt Issued | · | · | · | · | · | · | · | · | · | $34M | · | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | $34M | · | |
| Stock Issued | · | · | · | · | · | · | · | · | · | $3M | · | |
| Stock Repurchased | $236M | $0 | · | · | · | · | · | · | · | · | $29.0K | |
| Net Stock Activity | $-236M | · | · | · | · | · | · | · | · | $3M | · | |
| Financing Cash Flow | $-240M | $-500M | $6M | $1M | $599M | $19M | $453M | $15M | $10M | $131M | · | |
| Net Change in Cash | $-496M | $615M | $70M | $-339M | $172M | $247M | $74M | $15M | $9M | $7M | $-11M | |
| Taxes Paid | $7M | $12M | $3M | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $161M | $189M | $121M | $45M | $71M | $48M | $25M | $10M | $2M | $-7M | · | |
| Levered FCF | · | · | $115M | $41M | $8M | $24M | $16M | $10M | $2M | $-12M | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.2% | 75.2% | 75.1% | 75.3% | 77.0% | 80.4% | 79.6% | 77.7% | 76.6% | 75.5% | · | |
| Operating Margin | 3.6% | 2.8% | 2.4% | -10.8% | -9.1% | -5.7% | -9.7% | -13.1% | -19.8% | -27.6% | · | |
| Net Margin | 3.5% | 24.7% | 8.9% | -5.6% | -27.1% | -13.3% | -11.3% | -12.2% | -21.5% | -31.8% | · | |
| Pretax Margin | 6.9% | 19.1% | 10.3% | -9.1% | -23.7% | -11.0% | -10.5% | -12.2% | -21.2% | -37.1% | · | |
| EBITDA Margin | 3.6% | 2.8% | 2.4% | -10.8% | -9.1% | -5.7% | -9.7% | -13.1% | -19.8% | -27.6% | · | |
| ROA | 1.4% | 8.2% | 2.6% | -1.6% | -7.9% | -4.4% | -4.3% | -5.8% | -8.8% | -11.1% | · | |
| ROE | 6.6% | 39.6% | 22.2% | -31.0% | -34.6% | -11.2% | -8.2% | -8.6% | -12.6% | -16.9% | · | |
| ROIC | 4.3% | 5.6% | 5.4% | -35.9% | -11.9% | -4.8% | -7.4% | -9.3% | -12.1% | -10.0% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.5 | 2.6 | 2.2 | 3.4 | 4.2 | 2.8 | 3.5 | 1.4 | 1.4 | 1.5 | · | |
| Quick Ratio | 0.9 | 2.5 | 0.7 | 1.0 | 2.1 | 2.0 | 1.1 | 0.8 | 0.7 | 0.6 | · | |
| Interest Coverage | · | · | 2.4 | -9.6 | -0.6 | -0.9 | -3.2 | -7459.0 | -2696.9 | -5.7 | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | 0.4 | 0.3 | · | |
| Receivables Turnover | 3.5 | 3.7 | 3.7 | 3.8 | 3.6 | 3.3 | 3.3 | 3.3 | 3.4 | 3.7 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $5.55 | $7.11 | $4.24 | $1.86 | $5.51 | $7.32 | $7.13 | $5.88 | $5.56 | $5.68 | · | |
| Revenue / Share | $10.63 | $8.89 | $8.19 | $8.78 | $7.30 | $6.19 | $5.22 | $4.23 | $3.39 | · | · | |
| Cash Flow / Share | $2.57 | $2.60 | $1.76 | $0.94 | $1.37 | $0.96 | $0.54 | $0.30 | $0.12 | · | · | |
| Cash / Share | $6.51 | $14.10 | $4.41 | $3.35 | $9.15 | $6.37 | $2.15 | $0.84 | $0.59 | $0.43 | · | |
| EPS (TTM) | $0.39 | $1.45 | $0.81 | $-0.49 | $-1.97 | $-0.83 | $-0.59 | $-0.53 | $-0.64 | $-0.62 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.2% | 10.7% | 12.8% | 22.8% | 21.0% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 10.2% | 15.3% | 18.8% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 14.8% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -73.1% | 79.0% | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -84.8% | 205.1% | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $700M | $653M | $590M | $523M | $426M | $352M | $289M | $228M | $176M | $128M | · | |
| Net Income TTM | $25M | $161M | $53M | $-29M | $-115M | $-47M | $-33M | $-29M | $-33M | $-26M | · | |
| Market Cap | $3.31B | $3.82B | $3.84B | $4.04B | $6.11B | $7.69B | $2.88B | $2.24B | $1.74B | $1.42B | · | |
| P/E | 141.8 | 41.9 | 77.1 | -137.3 | -52.6 | -160.7 | -87.4 | -77.3 | -51.2 | -44.6 | · | |
| P/S | 4.7 | 5.8 | 6.5 | 7.7 | 14.3 | 21.9 | 10.0 | 9.8 | 9.9 | 11.1 | · | |
| P/B | 10.0 | 8.5 | 14.7 | 36.1 | 18.8 | 18.2 | 7.2 | 7.0 | 5.9 | 4.9 | · | |
| P / Tangible Book | · | · | · | · | · | 89.8 | · | · | · | · | · | |
| P / Cash Flow | 19.5 | 20.0 | 30.3 | 72.1 | 76.3 | 140.6 | 97.0 | 138.7 | 270.5 | -294.7 | · | |
| P / FCF | 20.5 | 20.2 | 31.8 | 89.6 | 85.6 | 159.5 | 114.9 | 227.2 | 717.5 | -216.9 | · | |
| Earnings Yield | 0.71% | 2.4% | 1.3% | -0.73% | -1.9% | -0.62% | -1.1% | -1.3% | -1.9% | -2.2% | · |
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 | $188M | $183M | $183M | $178M | $172M | $167M | $169M | $166M | $161M | $157M | $156M | $151M | $145M | $139M | $140M | $134M | |
| Cost of Revenue | $45M | $44M | $45M | $44M | $43M | $41M | $41M | $41M | $40M | $39M | $38M | $37M | $37M | $35M | $33M | $32M | |
| Gross Profit | $143M | $139M | $138M | $134M | $129M | $126M | $128M | $125M | $120M | $118M | $118M | $114M | $107M | $104M | $107M | $102M | |
| R&D Expense | $31M | $31M | $28M | $27M | $28M | $26M | $25M | $26M | $26M | $25M | $23M | $27M | $27M | $27M | $28M | $28M | |
| SG&A Expense | $31M | $33M | $33M | $29M | $28M | $28M | $32M | $28M | $31M | $30M | · | · | · | $29M | $5M | $31M | |
| Operating Expenses | $132M | $133M | $131M | $126M | $122M | $122M | $122M | $116M | $118M | $117M | $105M | $115M | $90M | $119M | $103M | $123M | |
| Operating Income | $11M | $6M | $7M | $8M | $8M | $4M | $6M | $8M | $2M | $2M | $13M | $-1M | $18M | $-15M | $3M | $-21M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $1M | · | $1M | $1M | $1M | · | $1M | |
| Other Non-op | $2M | $4M | $5M | $6M | $6M | $6M | $7M | $8M | $77M | $14M | $13M | $13M | $11M | $9M | $7M | $3M | |
| Pretax Income | $13M | $10M | $11M | $13M | $14M | $10M | $13M | $17M | $79M | $16M | $26M | $11M | $29M | $-6M | $10M | $-19M | |
| Income Tax | $4M | $6M | $5M | $5M | $6M | $5M | $-50M | $2M | $4M | $869.0K | $2M | $-2M | $926.0K | $628.0K | $-668.0K | $474.0K | |
| Net Income | $16M | $8M | $5M | $5M | $8M | $6M | $56M | $17M | $77M | $11M | $22M | $12M | $31M | $-12M | $11M | $-20M | |
| EPS (Basic) | $0.28 | $0.14 | $0.08 | $0.09 | $0.13 | $0.10 | $0.89 | $0.28 | $1.24 | $0.18 | $0.36 | $0.20 | $0.51 | $-0.20 | $0.20 | $-0.34 | |
| EPS (Diluted) | $0.27 | $0.13 | $0.07 | $0.09 | $0.13 | $0.10 | $0.79 | $0.27 | $0.22 | $0.17 | $0.37 | $0.19 | $0.45 | $-0.20 | $0.20 | $-0.34 | |
| Shares (Basic) | 58,529,000 | 59,439,000 | · | 61,157,000 | 62,143,000 | 62,822,000 | · | 62,250,000 | 61,979,000 | 61,643,000 | · | 61,101,000 | 60,700,000 | 60,187,000 | · | 59,695,000 | |
| Shares (Diluted) | 68,558,000 | 69,835,000 | · | 63,197,000 | 64,004,000 | 64,839,000 | · | 73,970,000 | 72,522,000 | 72,893,000 | · | 72,102,000 | 71,801,000 | 60,187,000 | · | 59,695,000 | |
| EBITDA | $11M | $6M | · | $8M | $8M | $4M | · | $8M | $2M | $2M | · | $-1M | $18M | $-15M | · | $-21M |
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 | $243M | $242M | $390M | $420M | $459M | $480M | $886M | $725M | $617M | $331M | $271M | $236M | $205M | $223M | $201M | $191M | |
| Receivables | $190M | $175M | $218M | $156M | $175M | $147M | $178M | $136M | $137M | $126M | · | $130M | $130M | $120M | · | $109M | |
| Prepaid Expense | $30M | $32M | $29M | $24M | $24M | $30M | $28M | $30M | $28M | $33M | · | $27M | $28M | $35M | · | $22M | |
| Current Assets | $748M | $732M | $1.03B | $984M | $1.06B | $1.04B | $1.09B | $1.01B | $1.21B | $1.40B | · | $1.32B | $1.28B | $1.24B | · | $1.18B | |
| PP&E (Net) | · | · | · | $13M | $14M | $14M | · | $11M | $12M | $13M | · | $15M | $17M | $19M | · | $21M | |
| Goodwill | $466M | $466M | $466M | $449M | $449M | $449M | $449M | $449M | $449M | $449M | $449M | $449M | $444M | $444M | $444M | $444M | |
| Intangibles | $42M | $46M | $49M | $49M | $52M | $56M | $60M | $64M | $69M | $74M | · | $84M | $81M | $86M | · | $96M | |
| Other Non-current Assets | $90M | $91M | $94M | $92M | $92M | $91M | $91M | $91M | $92M | $91M | · | $92M | $92M | $92M | · | $94M | |
| Total Assets | $1.47B | $1.46B | $1.76B | $1.70B | $1.79B | $1.78B | $1.83B | $1.70B | $1.89B | $2.09B | · | $2.02B | $1.98B | $1.93B | · | $1.88B | |
| Accounts Payable | $6M | $6M | $16M | $10M | $12M | $4M | $8M | $4M | $2M | $2M | · | $5M | $8M | $5M | · | $6M | |
| Current Liabilities | $435M | $430M | $695M | $647M | $644M | $630M | $422M | $377M | $620M | $610M | · | $606M | $355M | $364M | · | $315M | |
| Capital Leases | $17M | $16M | $20M | $19M | $23M | $25M | $20M | $22M | $14M | $15M | · | $16M | $18M | $9M | · | $10M | |
| Deferred Tax | $5M | $5M | $5M | $5M | $5M | $4M | $5M | $5M | $5M | $5M | · | $6M | $6M | $5M | · | $5M | |
| Other Non-current Liabilities | $1M | $779.0K | $593.0K | $569.0K | $6M | $3M | $708.0K | $604.0K | $795.0K | $660.0K | · | $4M | $4M | $3M | · | $5M | |
| Total Liabilities | $1.13B | $1.12B | $1.39B | $1.34B | $1.34B | $1.33B | $1.34B | $1.30B | $1.53B | $1.78B | · | $1.77B | $1.77B | $1.79B | · | $1.78B | |
| Common Stock | $584.0K | $592.0K | $599.0K | $599.0K | $619.0K | $623.0K | $628.0K | $624.0K | $622.0K | $618.0K | · | $613.0K | $610.0K | $605.0K | · | $598.0K | |
| Retained Earnings | $-13M | $-21M | $-25M | $-30M | $-37M | $-44M | $-49M | $-112M | $-126M | $-200M | · | $-239M | $-252M | $-280M | · | $-283M | |
| AOCI | $-881.0K | $-628.0K | $-296.0K | $-100.0K | $-166.0K | $-178.0K | $-361.0K | $-118.0K | $-561.0K | $-489.0K | · | $-1M | $-2M | $-231.0K | · | $-3M | |
| Stockholders' Equity | $316M | $306M | $332M | $328M | $414M | $418M | $447M | $368M | $326M | $280M | $261M | $216M | $176M | $117M | $112M | $78M | |
| Liabilities + Equity | $1.47B | $1.46B | $1.76B | $1.70B | $1.79B | $1.78B | $1.83B | $1.70B | $1.89B | $2.09B | · | $2.02B | $1.98B | $1.93B | · | $1.88B | |
| Shares Outstanding | 58,376,978 | 59,171,590 | 59,880,563 | 59,941,825 | 61,881,020 | 62,261,033 | 62,813,352 | 62,438,442 | 62,171,009 | 61,802,503 | · | 61,268,312 | 60,947,365 | 60,477,800 | · | · |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $12M | $12M | $12M | $12M | $11M | $11M | $12M | $13M | $13M | $13M | $13M | $13M | $12M | $12M | $12M | $11M | |
| Stock-based Comp | $27M | $24M | $26M | $23M | $25M | $19M | $19M | $23M | $23M | $19M | $18M | $20M | $20M | $20M | $18M | $21M | |
| Amort. of Intangibles | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $5M | $5M | $5M | · | · | · | · | · | · | |
| Restructuring | $1M | $2M | $6M | $2M | $1M | $5M | $-8.0K | $356.0K | $928.0K | $444.0K | $1M | $9M | $135.0K | $1M | $4M | $0 | |
| Operating Cash Flow | $45M | $46M | $27M | $64M | $32M | $47M | $44M | $56M | $41M | $50M | $42M | $37M | $25M | $23M | $26M | $24M | |
| CapEx | $2M | $2M | $623.0K | $534.0K | $966.0K | $6M | $756.0K | $394.0K | $677.0K | $299.0K | $2M | $1M | $1M | $2M | $1M | $2M | |
| Investing Cash Flow | $-9M | $97M | $-22M | $11M | $-15M | $-399M | $114M | $304M | $485M | $21M | $-4M | $-11M | $-56M | $9M | $-17M | $-41M | |
| Stock Repurchased | $38M | $46M | $35M | $112M | $43M | $45M | $0 | $0 | $0 | $0 | · | · | · | · | · | · | |
| Net Stock Activity | · | $-46M | · | · | · | $-45M | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-35M | $-291M | $-34M | $-114M | $-38M | $-54M | $3M | $-252M | $-241M | $-11M | $-3M | $6M | $14M | $-10M | $2M | $-800.0K | |
| Net Change in Cash | $852.0K | $-148M | $-30M | $-40M | $-20M | $-406M | $161M | $109M | $285M | $60M | $35M | $32M | $-18M | $22M | $10M | $-18M | |
| Free Cash Flow | · | $44M | · | · | · | $41M | · | · | · | $50M | · | · | · | $21M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $49M | · | · | · | $20M | · | · |
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 | 76.0% | 76.0% | · | 75.1% | 75.2% | 75.5% | · | 75.2% | 74.9% | 75.2% | · | 75.6% | 74.3% | 74.6% | · | 75.8% | |
| Operating Margin | 5.9% | 3.4% | · | 4.3% | 4.4% | 2.1% | · | 5.0% | 1.4% | 1.1% | · | -0.71% | 12.4% | -11.0% | · | -16.0% | |
| Net Margin | 8.8% | 4.4% | · | 3.0% | 4.8% | 3.6% | · | 10.4% | 47.8% | 6.9% | · | 7.9% | 21.3% | -8.6% | · | -14.9% | |
| Pretax Margin | 6.8% | 5.3% | · | 7.4% | 7.9% | 6.0% | · | 10.1% | 49.4% | 9.9% | · | 7.6% | 20.1% | -4.4% | · | -13.8% | |
| EBITDA Margin | 5.9% | 3.4% | · | 4.3% | 4.4% | 2.1% | · | 5.0% | 1.4% | 1.1% | · | -0.71% | 12.4% | -11.0% | · | -16.0% | |
| ROA | 1.0% | 0.50% | · | 0.31% | 0.45% | 0.31% | · | 0.93% | 4.0% | 0.54% | · | 0.61% | 1.6% | -0.63% | · | -1.1% | |
| ROE | 4.5% | 2.2% | · | 1.5% | 2.2% | 1.7% | · | 5.9% | 30.6% | 5.5% | · | 8.1% | 24.1% | -13.1% | · | -9.6% | |
| ROIC | 2.5% | 0.81% | · | 1.5% | 0.99% | 0.45% | · | 2.0% | 0.64% | 0.59% | · | -0.58% | 9.8% | -14.4% | · | -28.2% |
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 | 1.7 | 1.7 | · | 1.5 | 1.6 | 1.7 | · | 2.7 | 2.0 | 2.3 | · | 2.2 | 3.6 | 3.4 | · | 3.7 | |
| Quick Ratio | 1.0 | 1.0 | · | 0.9 | 1.0 | 1.0 | · | 2.3 | 1.2 | 0.7 | · | 0.6 | 0.9 | 0.9 | · | 1.0 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 1.2 | · | -0.7 | 12.2 | -10.5 | · | -14.5 |
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 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 1.0 | 1.1 | · | 1.2 | 1.1 | 1.2 | · | 1.2 | 1.2 | 1.3 | · | 1.3 | 1.2 | 1.2 | · | 1.3 |
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 | $5.42 | $5.17 | · | $5.48 | $6.69 | $6.71 | · | $5.89 | $5.24 | $4.53 | · | $3.52 | $2.89 | $1.93 | · | · | |
| Revenue / Share | $2.74 | $2.62 | · | $2.82 | $2.69 | $2.57 | · | $2.24 | $2.21 | $2.16 | · | $2.09 | $2.01 | $2.31 | · | $2.25 | |
| Cash Flow / Share | · | $0.66 | · | · | · | $0.72 | · | · | · | $0.69 | · | · | · | $0.38 | · | · | |
| Cash / Share | $4.16 | $4.09 | · | $7.01 | $7.42 | $7.70 | · | $11.62 | $9.92 | $5.36 | · | $3.86 | $3.36 | $3.68 | · | · | |
| EPS (TTM) | $0.56 | $0.42 | · | $1.11 | $1.29 | $1.38 | · | $1.03 | $0.95 | $1.18 | · | $0.64 | $0.11 | $-0.52 | · | $-1.32 |
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 | $732M | $717M | · | $687M | $674M | $663M | · | $640M | $624M | $608M | · | $574M | $558M | $542M | · | $498M | |
| Net Income TTM | $35M | $27M | · | $76M | $88M | $156M | · | $127M | $122M | $76M | · | $42M | $10M | $-31M | · | $-78M | |
| Market Cap | $1.64B | $2.19B | · | $3.18B | $3.50B | $3.01B | · | $3.44B | $3.01B | $3.99B | · | $3.40B | $3.28B | $4.06B | · | · | |
| P/E | 50.1 | 88.1 | · | 47.8 | 43.9 | 35.1 | · | 53.5 | 51.0 | 54.7 | · | 86.7 | 489.3 | -129.1 | · | -45.4 | |
| P/S | 2.2 | 3.1 | · | 4.6 | 5.2 | 4.5 | · | 5.4 | 4.8 | 6.6 | · | 5.9 | 5.9 | 7.5 | · | · | |
| P/B | 5.2 | 7.2 | · | 9.7 | 8.5 | 7.2 | · | 9.4 | 9.2 | 14.3 | · | 15.8 | 18.6 | 34.7 | · | · | |
| P / Cash Flow | · | 47.3 | · | · | · | 64.5 | · | · | · | 79.2 | · | · | · | 177.6 | · | · | |
| Earnings Yield | 2.0% | 1.1% | · | 2.1% | 2.3% | 2.9% | · | 1.9% | 2.0% | 1.8% | · | 1.1% | 0.20% | -0.77% | · | -2.2% |
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 | $700M | $653M | $590M | $523M | $426M |
| Gross Margin % | 75.2% | 75.2% | 75.1% | 75.3% | 77.0% |
| Operating Margin % | 3.6% | 2.8% | 2.4% | -10.8% | -9.1% |
| Net Income | $25M | $161M | $53M | $-29M | $-115M |
| Diluted EPS | $0.39 | $1.45 | $0.81 | $-0.49 | $-1.97 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 1.5 | 2.6 | 2.2 | 3.4 | 4.2 |
| Quick Ratio | 0.9 | 2.5 | 0.7 | 1.0 | 2.1 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $161M | $189M | $121M | $45M | $71M |
Institutional owners (13F) 275 filers · $2.1B 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
275
Value held
$2.1B
New positions
39
Exited positions
65
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 39 (-24 vs prior Q) | 65 (-7 vs prior Q) | 80 (-12 vs prior Q) | 94 (-1 vs prior Q) | -3.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $375,724,467 | 6,795,523 | 17.72% | Shares |
| BlackRock, Inc. | $231,298,330 | 8,240,055 | 10.91% | Shares |
| CLEARLAKE CAPITAL GROUP, L.P. | $160,344,261 | 5,712,300 | 7.56% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $106,719,473 | 3,801,905 | 5.03% | Shares |
| Fivespan Partners, LP | $94,425,880 | 3,363,943 | 4.45% | Shares |
| FIRST MANHATTAN CO. LLC. | $67,466,526 | 2,403,510 | 3.18% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $65,716,277 | 2,341,157 | 3.10% | Shares |
| STATE STREET CORP | $60,606,501 | 2,159,214 | 2.86% | Shares |
| ICONIQ Capital, LLC | $58,584,364 | 2,087,081 | 2.76% | Shares |
| NEUBERGER BERMAN GROUP LLC | $50,688,413 | 1,805,786 | 2.39% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $37,002,716 | 1,318,230 | 1.74% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $35,995,222 | 1,282,083 | 1.70% | Shares |
| HAWK RIDGE CAPITAL MANAGEMENT LP | $33,626,906 | 1,197,966 | 1.59% | Shares |
| JPMORGAN CHASE & CO | $33,380,326 | 1,190,095 | 1.57% | Shares |
| MORGAN STANLEY | $31,866,342 | 1,135,245 | 1.50% | Shares |
| NORGES BANK | $30,606,854 | 1,090,376 | 1.44% | Shares |
| Lynrock Lake LP | $29,941,315 | 1,066,666 | 1.41% | Shares |
| GOLDMAN SACHS GROUP INC | $28,118,869 | 1,001,741 | 1.33% | Shares |
| UBS Group AG | $27,671,883 | 985,817 | 1.30% | Call option |
| BANK OF AMERICA CORP /DE/ | $27,531,673 | 980,822 | 1.30% | Shares |
| Engaged Capital LLC | $23,231,265 | 827,619 | 1.10% | Shares |
| FIRST TRUST ADVISORS LP | $22,191,412 | 790,574 | 1.05% | Shares |
| Tensile Capital Management LP | $19,504,327 | 694,846 | 0.92% | Shares |
| Qube Research & Technologies Ltd | $18,510,733 | 659,449 | 0.87% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $17,133,086 | 610,370 | 0.81% | Shares |
| NORTHERN TRUST CORP | $17,067,767 | 608,043 | 0.80% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $15,176,017 | 540,649 | 0.72% | Shares |
| FMR LLC | $14,824,257 | 528,117 | 0.70% | Shares |
| CITADEL ADVISORS LLC | $14,113,287 | 502,789 | 0.67% | Shares |
| Portman Square Capital LLP | $12,345,186 | 439,800 | 0.58% | Put option |
| DIMENSIONAL FUND ADVISORS LP | $11,663,462 | 415,507 | 0.55% | Shares |
| GENEVA CAPITAL MANAGEMENT LLC | $10,935,824 | 389,591 | 0.52% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $10,930,290 | 389,394 | 0.52% | Shares |
| UBS Group AG | $10,761,672 | 383,387 | 0.51% | Shares |
| GAGNON SECURITIES LLC | $10,547,836 | 375,769 | 0.50% | Shares |
| Bank of New York Mellon Corp | $10,453,086 | 372,393 | 0.49% | Shares |
| JANE STREET GROUP, LLC | $10,372,202 | 369,512 | 0.49% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $10,348,119 | 368,654 | 0.49% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $10,182,729 | 362,762 | 0.48% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $9,995,783 | 356,102 | 0.47% | Shares |
| COMERICA BANK | $9,521,513 | 172,211 | 0.45% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $8,984,786 | 320,085 | 0.42% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,985,915 | 284,500 | 0.38% | Put option |
| ARMISTICE CAPITAL, LLC | $7,803,460 | 278,000 | 0.37% | Shares |
| Invesco Ltd. | $7,274,677 | 259,162 | 0.34% | Shares |
| WESTERLY CAPITAL MANAGEMENT, LLC | $7,017,500 | 250,000 | 0.33% | Shares |
| BARCLAYS PLC | $6,812,168 | 242,685 | 0.32% | Shares |
| Tejara Capital Ltd | $6,715,383 | 239,237 | 0.32% | Shares |
| Potrero Capital Research LLC | $6,697,221 | 238,590 | 0.32% | Shares |
| GROUP ONE TRADING LLC | $6,477,995 | 230,780 | 0.31% | Shares |
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 |
|---|---|---|---|---|---|
| Fivespan Partners, LP, Dylan Haggart | March 12, 2026 | 5.10% | Initial filing | Passive investment | 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 33 insiders · 12 officers · 23 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Owen Ryan | Chief Executive Officer | Aug. 20, 2026 F | 390,911 | 0 | 0 | $0 |
| Marc Huffman | Chief Executive Officer | Feb. 23, 2023 S | 306,809 | 0 | 0 | $0 |
| Patrick Villanova | Chief Financial Officer | Sept. 2, 2026 M | 131,812 | 0 | 0 | $0 |
| Mark Partin | CHIEF FINANCIAL OFFICER | Feb. 20, 2025 F | 209,454 | 0 | 0 | $0 |
| Michelle D Stalick | Chief Accounting Officer | Aug. 27, 2026 S | 34,712 | 0 | 3 | $-64,261 |
| Stuart Van Houten | Chief Commercial Officer | Aug. 20, 2026 F | 106,966 | 0 | 0 | $0 |
| Jeremy Ung | Chief Technology Officer | Aug. 20, 2026 F | 134,805 | 0 | 0 | $0 |
| Jimmy C Duan | Chief Customer Officer | Aug. 20, 2026 F | 119,907 | 0 | 0 | $0 |
| Morgan Karole Prager | Chief Legal and Administrative | Aug. 20, 2026 F | 160,209 | 0 | 0 | $0 |
| Mark Woodhams | Chief Revenue Officer | May 21, 2025 S | 61,390 | 0 | 0 | $0 |
| Peter Hirsch | Chief Technology Officer | May 22, 2023 S | 56,055 | 0 | 0 | $0 |
| Chris Murphy | Chief Revenue Officer | June 25, 2018 M | 18,872 | 0 | 0 | $0 |
| Therese Tucker | Director | Aug. 24, 2026 M | 381,557 | 0 | 1 | $-2,237,200 |
| Mika Yamamoto | Director | June 5, 2026 S | 16,692 | 0 | 1 | $-85,440 |
| Gregory Hughes | Director | May 21, 2026 S | 7,755 | 0 | 1 | $-49,519 |
| Megan Prichard | Director | May 7, 2026 A | 7,338 | 0 | 0 | $0 |
| Storm Duncan | Director | May 7, 2026 A | 7,338 | 0 | 0 | $0 |
| Saranga Balaji | Director | May 7, 2026 A | 9,807 | 0 | 0 | $0 |
| Camille Drummond | Director | May 7, 2026 A | 13,553 | 0 | 0 | $0 |
| Barbara Whye | Director | May 7, 2026 A | 16,969 | 0 | 0 | $0 |
| Sophia Velastegui | Director | May 7, 2026 A | 25,946 | 0 | 0 | $0 |
| Brunilda Rios | Director | May 7, 2026 A | 18,115 | 0 | 0 | $0 |
| Scott Davidson | Director | May 7, 2026 A | 10,860 | 0 | 0 | $0 |
| David J Henshall | Director | May 7, 2026 A | 22,794 | 0 | 0 | $0 |
| Thomas Unterman | Director | Oct. 27, 2025 S | 41,835 | 0 | 1 | $-50,050 |
| Amit Yoran | Director | May 9, 2024 A | 7,923 | 0 | 0 | $0 |
| William Raymond Wagner | Director | May 9, 2024 A | 5,681 | 0 | 0 | $0 |
| Kevin B Thompson | Director | Feb. 29, 2024 S | 11,000 | 0 | 0 | $0 |
| Graham Smith | Director | Nov. 1, 2021 M | 10,706 | 0 | 0 | $0 |
| Jason Babcoke | Director | May 6, 2020 A | 4,841 | 0 | 0 | $0 |
| John Brennan | Director | May 6, 2020 A | 4,841 | 0 | 0 | $0 |
| Mario Spanicciati | Director | May 5, 2020 S | 474,911 | 0 | 0 | $0 |
| William J.G. Griffith | Director | Feb. 28, 2020 S | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 46 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 |
|---|---|---|---|---|
| PSCT · Invesco Exchange-Traded Fund Trust … | 0.54% | 105,397 SH | Oct. 2, 2026 | Daily |
| CAFG · Pacer Funds Trust | 0.40% | 3,829 NS | July 31, 2026 | N-PORT |
| SCOW · Pacer Funds Trust | 0.36% | 198 NS | July 31, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.15% | 58,653 SH | Aug. 19, 2026 | Daily |
| CALF · Pacer Funds Trust | 0.14% | 168,708 NS | July 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.10% | 98,009 SH | Oct. 2, 2026 | Daily |
| IWO · iShares Trust | 0.09% | 468,771 SH | Sept. 11, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.08% | 53,400 SH | Aug. 19, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.07% | 171,777 SH | Aug. 19, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 12,040 NS | July 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.05% | 23,783 NS | July 31, 2026 | N-PORT |
| IGV · iShares Trust | 0.05% | 224,254 SH | Sept. 11, 2026 | Daily |
| ESML · iShares Trust | 0.05% | 47,097 SH | Sept. 11, 2026 | Daily |
| IWM · iShares Trust | 0.05% | 1,277,382 SH | Sept. 11, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.04% | 31,528 SH | Oct. 2, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.04% | 694,497 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 286,627 SH | Aug. 19, 2026 | Daily |
| ISCG · iShares Trust | 0.02% | 7,591 SH | Sept. 11, 2026 | Daily |
| FTEC · FIDELITY COVINGTON TRUST | 0.02% | 141,551 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 566,350 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.02% | 1,207,451 SH | Aug. 19, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.02% | 6,126 SH | Aug. 19, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.02% | 1,084,450 SH | Aug. 19, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.02% | 2,820 NS | July 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 2,562 SH | Sept. 11, 2026 | Daily |
| TECB · iShares Trust | 0.01% | 1,536 SH | Sept. 11, 2026 | Daily |
| IGM · iShares Trust | 0.01% | 23,121 SH | Sept. 11, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.00% | 3,432 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 38,248 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 15,288 SH | Sept. 10, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 66,379 SH | Sept. 11, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.00% | 5,083 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 1,258 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 2,548 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 1,497 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,685,051 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 35,997 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,250 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.00% | 11,046 SH | Aug. 19, 2026 | Daily |
| IJR · iShares Trust | · | 3,007,366 SH | Sept. 10, 2026 | Daily |
| IJT · iShares Trust | · | 466,578 SH | Sept. 9, 2026 | Daily |
| XJR · iShares Trust | · | 6,826 SH | Sept. 9, 2026 | Daily |
| ISCB · iShares Trust | · | 1,961 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 5,009 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 88,669 SH | Sept. 11, 2026 | Daily |
| SMMV · iShares Trust | · | 5,712 SH | Sept. 9, 2026 | Daily |
BL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 20 analysts
BUY
Median target
$35.50
+29.5%
4 20.0%
Strong Buy
6 30.0%
Buy
9 45.0%
Hold
1 5.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
10 analysts · 2026-10-01Mean target $38.10 +39.0%
Now
Current price $27.41
Low$23.00
Mean$38.10
High$70.00
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 |
|---|---|---|---|---|---|---|
| BL | $3.31B | 141.8 | 7.2% | 3.5% | 6.6% | 75.2% |
| AI | $1.31B | -2.6 | -35.7% | -187.9% | -66.0% | 30.9% |
| EVCM | $2.16B | 121.1 | 4.8% | 3.0% | 2.4% | · |
| ALKT | $2.45B | -50.2 | 32.9% | -10.7% | -13.5% | 57.8% |
| APPS | $347M | -8.7 | 15.2% | -6.7% | -21.8% | 56.9% |
| RDVT | $806M | 62.6 | 20.0% | 14.6% | 13.4% | · |
| PLTR | $425.03B | 282.1 | 56.2% | 36.3% | 26.2% | 82.4% |
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Source: SEC 10-Q filed Aug 5, 2026