BL BlackLine, Inc. - Common Stock
$31.14
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$25–$59
19% of range
Analyst Rating
HOLD
21 analysts
Price Target
$39
+25% upside
P/E (TTM)
79.8
ROE
6.6%
Net Profit Margin
3.5%
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.
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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 ↗
BL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$31.14
Market Cap
$1.86B
P/E (TTM)
79.8
EPS (TTM)
$0.39
Revenue (TTM)
$700M
Div Yield
—
ROE
6.6%
Debt/Equity
—
52W Range
$25 – $59
BL 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
$700M
2016-12-31
→
2025-12-31
EPS
$0.39
2016-12-31
→
2025-12-31
Free Cash Flow
$161M
2016-12-31
→
2025-12-31
Margins
3.5%
2016-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
BL
Peer Median
P/E (TTM)
79.8
55.7
P/S (TTM)
2.7
3.2
P/B
5.6
4.9
Price / FCF
11.5
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
BL
Peer Median
Gross Margin
75.2%
69.9%
Operating Margin
3.6%
—
Net Profit Margin
3.5%
-3.2%
ROA
1.4%
-2.0%
ROE
6.6%
-13.2%
ROIC
4.3%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
BL
Peer Median
Current Ratio
1.5
1.7
Quick Ratio
0.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
BL
Peer Median
Revenue YoY
7.2%
—
Revenue CAGR 3Y
10.2%
—
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
Peer Median
BL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
21 analysts
- Strong Buy 4 19.0%
- Buy 7 33.3%
- Hold 9 42.9%
- Sell 1 4.8%
- Strong Sell 0 0.0%
12-Month Price Target
10 analysts · 2026-08-13
Median
$35.50
Now
$31.14
Low
$26.00
High
$70.00
Median target
$35.50
+14.0%
Mean target
$38.80
+24.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.04%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.61 | $0.59 | 0.02% |
| March 31, 2026 | $0.56 | $0.46 | 0.10% |
| Dec. 31, 2025 | $0.63 | $0.61 | 0.02% |
| Sept. 30, 2025 | $0.51 | $0.52 | -0.01% |
| June 30, 2025 | $0.51 | $0.53 | -0.02% |
| March 31, 2025 | $0.49 | $0.39 | 0.10% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| 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% |
| ALKT | $2.45B | -50.2 | 32.9% | -10.7% | -13.5% | 57.8% |
| BLKB | $2.96B | 26.7 | -2.3% | 10.2% | 145.7% | 58.8% |
| KEEL | — | — | 72.0% | -124.1% | -48.6% | -8.2% |
| PRCH | $1.13B | -304.3 | 10.2% | -0.70% | 9.9% | 70.5% |
| VERX | — | — | 12.2% | 0.96% | 2.8% | 64.3% |
| EVCM | $2.16B | 121.1 | 4.8% | 3.0% | 2.4% | — |
| VIA | $0 | -9.9 | 28.6% | -22.2% | 53.6% | 39.6% |
| PLTR | $425.03B | 282.1 | 56.2% | 36.3% | 26.2% | 82.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| 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 25
| 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 18
| 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 8
| 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 3
| 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 2
| 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 | · |
Growth Rates 5
| 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) 10
| 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 17
| 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 | -124,692,000 | 61,157,000 | 62,143,000 | 62,822,000 | -123,743,000 | 62,250,000 | 61,979,000 | 61,643,000 | -121,139,000 | 61,101,000 | 60,700,000 | 60,187,000 | -118,720,000 | 59,695,000 | |
| Shares (Diluted) | 68,558,000 | 69,835,000 | -126,119,000 | 63,197,000 | 64,004,000 | 64,839,000 | -145,882,000 | 73,970,000 | 72,522,000 | 72,893,000 | -132,045,000 | 72,102,000 | 71,801,000 | 60,187,000 | -118,720,000 | 59,695,000 | |
| EBITDA | $11M | $6M | · | $8M | $8M | $4M | · | $8M | $2M | $2M | · | $-1M | $18M | $-15M | · | $-21M |
Balance Sheet 21
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $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 13
| 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 8
| 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 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 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 |
Valuation (TTM) 9
| 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 | $721M | $700M | · | $683M | $665M | $651M | · | $635M | $613M | $592M | · | $569M | $546M | $522M | · | $498M | |
| Net Income TTM | $38M | $28M | · | $37M | $108M | $111M | · | $117M | $130M | $42M | · | $11M | $-12M | $-53M | · | $-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 | 45.3 | 82.2 | · | 90.0 | 78.6 | 63.7 | · | 64.9 | 47.0 | 105.9 | · | 554.7 | -199.3 | -75.4 | · | -45.4 | |
| P/S | 2.3 | 3.1 | · | 4.7 | 5.3 | 4.6 | · | 5.4 | 4.9 | 6.7 | · | 6.0 | 6.0 | 7.8 | · | · | |
| 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 | · | · | |
| P / FCF | · | 49.6 | · | · | · | 73.9 | · | · | · | 79.6 | · | · | · | 191.6 | · | · | |
| Earnings Yield | 2.2% | 1.2% | · | 1.1% | 1.3% | 1.6% | · | 1.5% | 2.1% | 0.94% | · | 0.18% | -0.50% | -1.3% | · | -2.2% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $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 |
Balance Sheet
| 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 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $161M | $189M | $121M | $45M | $71M |
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Institutional owners (13F) 281 filers · $1.3B 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 |
|---|---|---|---|---|
| 47 (-15 vs prior Q) | 64 (-7 vs prior Q) | 73 (-21 vs prior Q) | 91 (-1 vs prior Q) | -414K |
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 |
|---|---|---|---|---|
| CLEARLAKE CAPITAL GROUP, L.P. | $160,344,261 | 5,712,300 | 11.92% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $106,719,473 | 3,801,905 | 7.94% | Shares |
| Fivespan Partners, LP | $94,425,880 | 3,363,943 | 7.02% | Shares |
| FIRST MANHATTAN CO. LLC. | $67,466,526 | 2,403,510 | 5.02% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $65,716,277 | 2,341,157 | 4.89% | Shares |
| STATE STREET CORP | $60,606,501 | 2,159,214 | 4.51% | Shares |
| ICONIQ Capital, LLC | $58,584,364 | 2,087,081 | 4.36% | Shares |
| NEUBERGER BERMAN GROUP LLC | $50,685,410 | 1,805,679 | 3.77% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $37,002,716 | 1,318,230 | 2.75% | Shares |
| HAWK RIDGE CAPITAL MANAGEMENT LP | $33,626,906 | 1,197,966 | 2.50% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $30,830,539 | 1,098,090 | 2.29% | Shares |
| NORGES BANK | $30,606,854 | 1,090,376 | 2.28% | Shares |
| Lynrock Lake LP | $29,941,315 | 1,066,666 | 2.23% | Shares |
| UBS Group AG | $27,671,883 | 985,817 | 2.06% | Call option |
| GOLDMAN SACHS GROUP INC | $26,089,240 | 929,435 | 1.94% | Shares |
| Engaged Capital LLC | $23,231,265 | 827,619 | 1.73% | Shares |
| FIRST TRUST ADVISORS LP | $22,191,412 | 790,574 | 1.65% | Shares |
| Tensile Capital Management LP | $19,504,327 | 694,846 | 1.45% | Shares |
| Qube Research & Technologies Ltd | $18,510,733 | 659,449 | 1.38% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $17,133,086 | 610,370 | 1.27% | Shares |
| BANK OF AMERICA CORP /DE/ | $15,733,965 | 560,526 | 1.17% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $15,176,017 | 540,649 | 1.13% | Shares |
| FMR LLC | $14,509,158 | 516,892 | 1.08% | Shares |
| CITADEL ADVISORS LLC | $14,113,259 | 502,788 | 1.05% | Shares |
| Portman Square Capital LLP | $12,345,186 | 439,800 | 0.92% | Put option |
| JUPITER ASSET MANAGEMENT LTD | $10,930,290 | 389,394 | 0.81% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $10,612,649 | 378,078 | 0.79% | Shares |
| GAGNON SECURITIES LLC | $10,547,836 | 375,769 | 0.78% | Shares |
| JANE STREET GROUP, LLC | $10,372,202 | 369,512 | 0.77% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $10,182,729 | 362,762 | 0.76% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $9,995,783 | 356,102 | 0.74% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $8,984,786 | 320,085 | 0.67% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,985,915 | 284,500 | 0.59% | Put option |
| ARMISTICE CAPITAL, LLC | $7,803,460 | 278,000 | 0.58% | Shares |
| GENEVA CAPITAL MANAGEMENT LLC | $7,453,432 | 265,530 | 0.55% | Shares |
| WESTERLY CAPITAL MANAGEMENT, LLC | $7,017,500 | 250,000 | 0.52% | Shares |
| BARCLAYS PLC | $6,799,340 | 242,228 | 0.51% | Shares |
| Tejara Capital Ltd | $6,715,383 | 239,237 | 0.50% | Shares |
| Potrero Capital Research LLC | $6,697,221 | 238,590 | 0.50% | Shares |
| Bank of New York Mellon Corp | $6,595,889 | 234,980 | 0.49% | Shares |
| GROUP ONE TRADING LLC | $6,477,995 | 230,780 | 0.48% | Shares |
| BlackRock, Inc. | $6,193,000 | 220,627 | 0.46% | Shares |
| Walleye Trading LLC | $6,165,014 | 219,630 | 0.46% | Shares |
| PALISADE CAPITAL MANAGEMENT, LP | $5,909,970 | 210,544 | 0.44% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $5,004,965 | 178,303 | 0.37% | Shares |
| SCHWARTZ INVESTMENT COUNSEL INC | $4,912,250 | 175,000 | 0.37% | Shares |
| ExodusPoint Capital Management, LP | $4,899,618 | 174,550 | 0.36% | Shares |
| Public Sector Pension Investment Board | $4,750,539 | 169,239 | 0.35% | Shares |
| AMERIPRISE FINANCIAL INC | $4,342,681 | 154,709 | 0.32% | Shares |
| NICHOLAS COMPANY, INC. | $3,964,186 | 141,225 | 0.29% | Shares |
| Gagnon Advisors, LLC | $3,650,504 | 130,050 | 0.27% | Shares |
| Barton Investment Management | $3,536,175 | 125,977 | 0.26% | Shares |
| Fund 1 Investments, LLC | $3,508,750 | 125,000 | 0.26% | Shares |
| JANE STREET GROUP, LLC | $3,432,961 | 122,300 | 0.26% | Put option |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $3,317,397 | 118,183 | 0.25% | Shares |
| XTX Topco Ltd | $3,312,260 | 118,000 | 0.25% | Shares |
| RHUMBLINE ADVISERS | $3,264,124 | 116,286 | 0.24% | Shares |
| TUDOR INVESTMENT CORP ET AL | $3,043,686 | 108,432 | 0.23% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $2,995,518 | 106,716 | 0.22% | Shares |
| Holocene Advisors, LP | $2,692,839 | 95,933 | 0.20% | Shares |
| VANGUARD GROUP INC | $2,670,618 | 48,302 | 0.20% | Shares |
| Ewing Morris & Co. Investment Partners Ltd. | $2,666,650 | 95,000 | 0.20% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $2,438,822 | 86,884 | 0.18% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,398,969 | 64,837 | 0.18% | Shares |
| Granite Investment Partners, LLC | $2,362,652 | 84,170 | 0.18% | Shares |
| Swiss National Bank | $2,349,459 | 83,700 | 0.17% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $2,314,017 | 62,541 | 0.17% | Shares |
| Legal & General Group Plc | $2,122,177 | 75,603 | 0.16% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $1,847,398 | 65,814 | 0.14% | Shares |
| Advantage Alpha Capital Partners LP | $1,661,658 | 31,293 | 0.12% | Shares |
| CITADEL ADVISORS LLC | $1,608,411 | 57,300 | 0.12% | Call option |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $1,576,439 | 56,161 | 0.12% | Shares |
| JANE STREET GROUP, LLC | $1,569,113 | 55,900 | 0.12% | Call option |
| Squarepoint Ops LLC | $1,538,404 | 54,806 | 0.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,521,394 | 54,200 | 0.11% | Call option |
| Quantinno Capital Management LP | $1,506,994 | 53,687 | 0.11% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,485,773 | 52,931 | 0.11% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,461,184 | 52,055 | 0.11% | Shares |
| Y-Intercept (Hong Kong) Ltd | $1,457,619 | 51,928 | 0.11% | Shares |
| LAVELLE CAPITAL LP | $1,380,511 | 49,181 | 0.10% | Shares |
| CITADEL ADVISORS LLC | $1,338,939 | 47,700 | 0.10% | Put option |
| WELLS FARGO & COMPANY/MN | $1,329,732 | 47,372 | 0.10% | Shares |
| Redmond Asset Management, LLC | $1,184,666 | 42,204 | 0.09% | Shares |
| Walleye Trading LLC | $1,122,800 | 40,000 | 0.08% | Call option |
| Campbell & CO Investment Adviser LLC | $1,105,481 | 39,383 | 0.08% | Shares |
| CITIGROUP INC | $1,067,221 | 38,020 | 0.08% | Shares |
| SYNOVUS FINANCIAL CORP | $1,054,672 | 19,862 | 0.08% | Shares |
| ALLSTATE CORP | $1,008,976 | 35,945 | 0.08% | Shares |
| MACKENZIE FINANCIAL CORP | $971,699 | 34,617 | 0.07% | Shares |
| Brevan Howard Capital Management LP | $948,710 | 33,798 | 0.07% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $917,592 | 32,689 | 0.07% | Shares |
| Amundi | $874,999 | 31,172 | 0.07% | Shares |
| D. E. Shaw & Co., Inc. | $874,212 | 31,144 | 0.07% | Shares |
| JANUS HENDERSON GROUP PLC | $872,524 | 23,569 | 0.06% | Shares |
| MILLENNIUM MANAGEMENT LLC | $858,942 | 30,600 | 0.06% | Call option |
| MetLife Investment Management, LLC | $795,672 | 28,346 | 0.06% | Shares |
| Vanguard Global Advisers, LLC | $783,883 | 27,926 | 0.06% | Shares |
| Chicago Capital, LLC | $772,964 | 27,537 | 0.06% | Shares |
| State of Wyoming | $751,827 | 26,784 | 0.06% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $698,101 | 24,870 | 0.05% | Shares |
Company insiders 31 insiders · 13 officers · 21 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Owen Ryan | CO-CEO | May 20, 2025 F | 222,751 | 0 | 0 | $0 |
| Therese Tucker | CO-CEO | May 20, 2025 F | 359,589 | 0 | 0 | $0 |
| Marc Huffman | Chief Executive Officer | Feb. 23, 2023 S | 306,809 | 0 | 0 | $0 |
| Patrick Villanova | Chief Financial Officer | May 20, 2025 F | 76,508 | 0 | 0 | $0 |
| Mark Partin | CHIEF FINANCIAL OFFICER | Feb. 20, 2025 F | 209,454 | 0 | 0 | $0 |
| Michelle D Stalick | Chief Accounting Officer | June 1, 2026 S | 36,363 | 0 | 1 | $-24,125 |
| Morgan Karole Prager | CHIEF LEGAL AND ADMINISTRATIVE | Nov. 25, 2025 A | 118,574 | 0 | 0 | $0 |
| Mark Woodhams | Chief Revenue Officer | May 21, 2025 S | 61,390 | 0 | 0 | $0 |
| Jeremy Ung | Chief Technology Officer | May 20, 2025 F | 86,449 | 0 | 0 | $0 |
| Jimmy C Duan | Chief Customer Officer | May 20, 2025 F | 78,652 | 0 | 0 | $0 |
| Stuart Van Houten | CHIEF COMMERCIAL OFFICER | April 2, 2025 A | 61,000 | 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 |
| Mika Yamamoto | Director | June 5, 2026 S | 16,692 | 0 | 1 | $-85,426 |
| David J Henshall | Director | Aug. 8, 2025 P | 16,378 | 0 | 0 | $0 |
| Gregory Hughes | Director | July 25, 2025 A | 2,976 | 0 | 0 | $0 |
| Saranga Balaji | Director | June 13, 2025 A | 3,391 | 0 | 0 | $0 |
| Camille Drummond | Director | May 8, 2025 A | 7,315 | 0 | 0 | $0 |
| Barbara Whye | Director | May 8, 2025 A | 10,553 | 0 | 0 | $0 |
| Sophia Velastegui | Director | May 8, 2025 A | 19,530 | 0 | 0 | $0 |
| Brunilda Rios | Director | May 8, 2025 A | 11,699 | 0 | 0 | $0 |
| Scott Davidson | Director | May 8, 2025 A | 4,444 | 0 | 0 | $0 |
| Thomas Unterman | Director | May 8, 2025 A | 58,636 | 0 | 0 | $0 |
| 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 | May 10, 2023 A | 15,500 | 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
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.
ETF ownership Held by 65 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 |
|---|---|---|---|---|
| SCOW · Pacer Funds Trust | 0.40% | 198 NS | April 30, 2026 | N-PORT |
| CAFG · Pacer Funds Trust | 0.31% | 2,274 NS | April 30, 2026 | N-PORT |
| SKYU · ProShares Trust | 0.22% | 272 NS | May 31, 2026 | N-PORT |
| PSC · Principal Exchange-Traded Funds | 0.15% | 126,294 NS | June 30, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.09% | 951 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.08% | 72,169 NS | May 31, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.07% | 1,753 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.07% | 598 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.05% | 21,576 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.04% | 191,889 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.04% | 2,340 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.03% | 239,129 NS | May 31, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.03% | 19,641 NS | April 30, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.03% | 161,533 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 1,830 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 6,304 NS | May 31, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.02% | 47,182 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.02% | 1,848 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 2,037 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 46 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 86,397 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 19,783 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 3,432 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 3,576 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 12,362 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 2,002 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 15,174 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 29,994 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 5,751 NS | May 31, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.00% | 84 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 420 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 70 NS | May 31, 2026 | N-PORT |
| FTLS · First Trust Exchange-Traded Fund III | -0.03% | -23,603 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | — | — | July 30, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | — | — | July 30, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| IJR · iShares Trust | — | — | Aug. 10, 2026 | Daily |
| IJT · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWO · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |