BMBL Bumble Inc. - common stock
About Bumble Inc. - common stock Company overview from Wikipedia
Bumble is an American mobile app for online dating and social networking. It was founded by Whitney Wolfe Herd and was launched in December 2014. Bumble is operated by Bumble Inc., which also owns Badoo.
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Bumble is an American mobile app for online dating and social networking. It was founded by Whitney Wolfe Herd and was launched in December 2014. Bumble is operated by Bumble Inc., which also owns Badoo.
In 2025, the app had 2.4 million paying users. It is one of the most popular dating applications in the United States.
Profiles of potential matches are displayed to users, who can "swipe left" to reject a candidate or "swipe right" to indicate interest; if two users both indicate interest in each other, communication can begin.
History
The Bumble app was founded by Whitney Wolfe Herd, shortly after she left Tinder, and Andrey Andreev, founder of Badoo. The name Bumble was inspired by the matriarchal structure of bee societies, where “the woman is in charge” and the community is built on respect— two values the company aimed to bring into the user experience it created. The app was launched in December 2014. It used infrastructure in Badoo's London headquarters.
In August 2015, Wolfe Herd stated that within the app's first eight months, it saw 5 million unique conversations initiated.
In March 2017, Bumble had more than 800 million matches and 10 billion swipes per month and was the second most popular Lifestyle app in the Apple App Store.
In December 2018, Bumble launched in India. It acquired over 1 million users in India in the first four months of its launch. Actress Priyanka Chopra is an investor in Bumble.
By July 2020, Bumble had been downloaded over 100 million times. In 2022, Bumble began offering free courses from Bloom, an online provider of support for sexual assault survivors.
Wolfe Herd announced she would be stepping down as Bumble's CEO in January 2024, and the former Slack CEO, Lidiane Jones, would assume the role. Herd remained with Bumble as executive chair until March 2025, when she returned to the CEO position.
In August, 2026, Bumble changed its rule to permit men to initiate conversations on the app.
Operation
In December 2025, The Observer reported that Bumble relies on a legacy technology stack that was first built in 2005 due to Bumble's partnership with Badoo. The stack includes an in-house payment system and physical servers maintained by Bumble employees. Following her return as Bumble CEO, Wolfe Herd ordered a rebuild of Bumble's technology in a project known as "Bumble 2.0", in which the Bumble app would be rewritten from scratch.
Matching users
Users swipe right to "like" a potential match and left to reject them. In matches between a man and a woman, the woman must initiate the conversation with their match or the matches disappear within 24 hours unless the woman has set an opening question, to which the man can respond. In a same-sex match, either person can reach out first or set an opening question. In 2024, this system was changed so that women no longer have to make the first move during matches.
Users can sort conversations, make calls, and send photo messages.
Through BFF mode, introduced in March 2016, users can match with platonic friends of the same sex, in the same way as matching for dates.
If a user is messaged after matching with a potential partner and does not respond within 24 hours, the match disappears; this requirement was implemented in April 2016 to combat ghosting. In August, 2026, the requirement was extended to 72 hours. Before the update, men were allowed unlimited time to respond to a message from women. An update was also launched for same-sex matches, with either party allowed to initiate and the other having to respond within 24 hours.
Over time, the app introduced a wider range of gender identity options for users to identify as genderqueer or transgender.
In August 2024, 61% of Bumble users were men and 37% of users were female. That month, Bumble began developing a chatbot to act as a wingman and help users with flirting.
Content moderation
Starting in October 2016, the app banned mirror selfies, obscured faces, and photos of users in underwear among others.
In August 2017, Bumble partnered with the Anti-Defamation League to remove users who display hate speech or symbols in their profiles.
In March 2018, Bumble banned photos of users posing with guns following the Parkland high school shooting.
In 2023, the Bureau of Investigative Journalism found that many content moderators working for Bumble suffered from mental health issues, including anxiety, depression, and PTSD associated with their work, with concerns about professional mental health support, productivity targets, and understaffing.
Fake profiles and photos using artificial intelligence are prohibited and may be reported. In April 2019, Bumble launched Private Detector, an image classifier that uses artificial intelligence to automatically detect and blur nude images. It allows users to decide if they want to view, block or report the unsolicited image. Bumble made the tool open source in October 2022. In February 2024, Bumble introduced Deception Detector, a machine learning model that detects fake user profiles. Of those accounts identified as spam/scam profiles, Bumble Inc.'s testing showed that Deception Detector was able to block up to 95% these accounts automatically. That March, Bumble collaborated with Phaedra Parks, Parvati Shallow and Peter Weber of the Peacock reality show The Traitors to launch the feature.
User verification
Originally, Bumble users were required to log in via Facebook when signing up. Following the Facebook–Cambridge Analytica data scandal, Bumble added an option to sign up using only a phone number. For users who sign up with Facebook, information from their account is used to build a profile with photos and basic information, including the user's college and job.
Bumble launched a photo verification tool in September 2016 to ensure that users of the app were the same people in their profile pictures. To be verified, users are asked to submit a selfie of them performing a specific pose; the picture is reviewed by a real person who ensures the user is the person in the profile pictures. Bumble was the first dating app to include photo verification in the US. In 2025, the app also included an option to become ID-verified.
Filters
In 2020, Bumble announced a temporary feature that allowed users to expand their distance filters to match with anyone in the same country. Previously, the app only allowed people to connect within a 100-mile (160 km) range. Daters could also add a "virtual dating" badge to their profile to indicate that they are willing to date over video calls.
On January 15, 2021, Bumble temporarily suspended the option to filter matches by political preference to "prevent misuse". The move came after several women allegedly used Bumble to gather information from people involved in the January 6 United States Capitol attack, and then forwarded that information to the FBI. Bumble was criticized by many of its users for being perceived to "protect terrorists" by suspending the filter. Bumble announced that it would be reinstating the option to filter by political preferences later that day.
Paid features
In August 2016, Bumble introduced paid features including Beeline, a list of users who have liked the user; Rematch, which keeps expired matches in a user's queue for 24 additional hours; and Extend, which allows users unlimited 24-hour extensions for matches.
Other features
In June 2016, the app began allowing users to connect their Spotify accounts to their Bumble profiles to show their music interests.
In 2017, the company launched a career networking app, Bumble Bizz. It also uses a woman-first interface.
In September 2018, a "snooze" feature was added to allow users to pause activity and avoid using the app for some time.
In June 2019, Bumble introduced in-app voice and video calls. Bumble's vice president of strategy reported "an 84 percent increase in video calls that were placed between users" during the COVID-19 pandemic.
Another feature allows women to share details about their dates, including: who they're meeting, and the time and location of the meeting, with a contact for safety reasons.
Security vulnerabilities
In June 2021, Stripe software engineer Robert Heaton found a security vulnerability in Bumble that allows an attacker to obtain the exact location of its users via trilateration. Bumble fixed the vulnerability three days later and paid Heaton a bug bounty of $2,000.
In August 2024, researchers at KU Leuven in Belgium found that several dating apps, including Bumble, had vulnerabilities that would allow bad actors to obtain users' locations via trilateration.
In January 2026, Bloomberg News reported that Bumble was hit by cyberattacks, along with Crunchbase and Match Group. Bumble said the intruders did not get into its member database, accounts, direct messages or profiles.
Advocacy
Feminism
Bumble has been described as a "feminist Tinder". Its founder has confirmed this identity, calling the app "100 percent feminist," although she has attempted to distance the app from Tinder in interviews. Wolfe Herd shared in an interview with Vanity Fair the concept behind the app: "If you look at where we are in the current heteronormative rules surrounding dating, the unwritten rule puts the woman a peg under the man—the man feels the pressure to go first in a conversation, and the woman feels pressure to sit on her hands... If we can take some of the pressure off the man and put some of that encouragement in the woman's lap, I think we are taking a step in the right direction, especially in terms of really being true to feminism. I think we are the first feminist or first attempt at a feminist dating app."
In June 2016, Bumble blocked a user for sexist behavior after he had an outburst at a female user who asked him what he did for a living.
In August 2018, Bumble launched the Bumble Fund to support women-led startups. Following the testimony of Christine Blasey Ford against Brett Kavanaugh, Bumble ran the "Believe Women" ad campaign and donated to RAINN.
Bumble launched a three-year partnership with the National Domestic Violence Hotline in 2020.
Cyberflashing
Bumble was the first dating app to explicitly moderate for unsolicited nude images, known as cyberflashing. In 2019, the app launched Private Detector, a feature that uses artificial intelligence to automatically detect and blur nude images. In October 2022, Bumble released an open-source version of Private Detector model.
In 2019, Bumble pushed for passage of House Bill 2789 in Texas, a law that makes electronic transmission of sexually explicit material a punishable offense, after users of Bumble complained about receiving unsolicited nude images. Bumble influenced Virginia to pass Senate Bill 493, which prescribes civil penalties for an adult who knowingly sends another adult sexually explicit images without their consent in April 2022.
Bumble launched the #CyberFlashingIsFlashing ad campaign in the UK to support the Online Safety Act 2023, which was passed in March 2022.
In 2024, Bumble backed the CONSENT Act, a federal bill which "aims to provide protection for recipients of sexually explicit images, including images manipulated by artificial intelligence or machine learning."
Reproductive rights
In September 2021, Bumble set up a relief fund for those affected by the Texas Heartbeat Act. In response to the decision in Dobbs v. Jackson Women's Health Organization, which overturned Roe v. Wade, Bumble made additional donations to the American Civil Liberties Union of Texas and Planned Parenthood.
Bumble led an amicus brief in both Zurawski v. State of Texas (2023) and Moyle v. United States (2024), arguing in favor of reproductive rights.
Reception
Feminist label
In August 2017, the neo-Nazi website The Daily Stormer encouraged its readers to harass Bumble's staff to protest the company's support of women's empowerment.
In February 2023, writer Sangeeta Singh-Kurtz wrote that "it often seems like that feminist twist is more marketing fodder than meaningful change to how our apps run our love lives."
In a 2025 interview with The New York Times, Wolfe Herd stated that she perceived Bumble as a "love company": "I think we're just back to connection and we're back to relationships. I'm staying out of all the fodder and all the ickiness of the world and I just want to focus on love. I genuinely just want to drive a love company. That might sound cheesy and ridiculous, but that's where I'm at."
Lawsuits
In March 2018, Match Group sued Bumble, arguing that it was guilty of patent infringement and of stealing trade secrets from Tinder. In June 2020, an undisclosed settlement was reached between Match Group and Bumble to settle all litigation.
In 2018, a Californian man sued Bumble, alleging that Bumble allowing women to message first amounted to gender discrimination under the Unruh Civil Rights Act. Bumble settled the lawsuit in 2021, agreeing to introduce an update allowing men to express interest in other users through emojis.
In 2020, Bumble agreed to pay $22.5 million in a settlement over plaintiffs' claims that the company's auto-renewal processes were unfair and that it charged consumers without their consent.
In 2024, men’s rights activist Alfred Rava sued Bumble, alleging discrimination against men and perpetuating sexual stereotypes. Bumble has filed a motion to dismiss the lawsuit, as Rava has filed hundreds of frivolous lawsuits challenging gender-based policies, including ladies’ nights at bars and women-only networking events.
Anti-celibacy advertising
In May 2024, Bumble faced major backlash after launching a marketing campaign that entailed putting up billboards with captions such as: "You know full well a vow of celibacy is not the answer". Users accused the campaign of shaming women who were not sexually active. Bumble responded with a public apology, wherein the company said it would remove the ads and donate to the National Domestic Violence Hotline.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
BMBL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
BMBL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
BMBL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 16 80.0%
- Sell 2 10.0%
- Strong Sell 2 10.0%
12-Month Price Target
12 analysts · 2026-08-13Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.84 | $0.25 | -1.1% |
| March 31, 2026 | $0.34 | $0.28 | 0.06% |
| Dec. 31, 2025 | $-4.06 | $0.24 | -4.3% |
| Sept. 30, 2025 | $0.33 | $0.34 | -0.01% |
| June 30, 2025 | $-2.45 | $0.35 | -2.8% |
| March 31, 2025 | $0.13 | $0.14 | -0.01% |
| Dec. 31, 2024 | $0.03 | $0.19 | -0.16% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BMBL | — | -0.6 | -9.9% | -71.8% | -99.4% | — |
| TBLA | — | — | — | — | — | — |
| NXDR | — | -15.0 | 4.2% | -21.0% | -12.6% | — |
| EVER | — | 10.3 | 38.5% | 14.3% | 48.6% | — |
| MAX | — | 33.2 | 28.8% | 2.3% | 783.8% | — |
| CARS | $715M | 38.1 | 0.57% | 2.8% | 4.2% | — |
| ZIP | $278M | -10.5 | -5.3% | -7.3% | 46.1% | 89.2% |
| SSTK | — | 15.3 | 5.8% | — | — | — |
| ANGI | — | 13.8 | -13.0% | 4.2% | 4.5% | 95.4% |
| DHX | $69M | -5.2 | -9.9% | -10.6% | -12.9% | — |
| GOOGL | $3.78T | 29.0 | 15.1% | 32.8% | 34.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $966M | $1.07B | $1.05B | $904M | $761M | $540M | $489M | |
| Cost of Revenue | $282M | $319M | $308M | $249M | $206M | $144M | $140M | |
| SG&A Expense | $138M | $129M | $222M | $163M | $257M | $182M | $67M | |
| Operating Expenses | $1.77B | $1.77B | $998M | $1.01B | $896M | $617M | $396M | |
| Operating Income | $-806M | $-700M | $53M | $-103M | $-135M | $-77M | $93M | |
| Other Non-op | $-13M | $-5M | $-27M | $16M | $3M | $-917.0K | $-1M | |
| Pretax Income | $-861M | $-745M | $5M | $-111M | $-156M | $-100M | $92M | |
| Income Tax | $34M | $23M | $7M | $3M | $-438M | $9M | $6M | |
| Net Income | $-693M | $-557M | $-4M | $-80M | $310M | $-110M | $66M | |
| EPS (Basic) | $-5.95 | $-4.61 | $-0.03 | $-0.62 | $1.50 | $-0.04 | $0.00 | |
| EPS (Diluted) | $-5.95 | $-4.61 | $-0.03 | $-0.62 | $1.45 | $-0.04 | $0.00 | |
| Shares (Basic) | 110,131,455 | 120,824,549 | 134,936,824 | 129,421,157 | 121,425,908 | 2,453,947,685 | · | |
| Shares (Diluted) | 110,131,455 | 120,824,549 | 134,936,824 | 129,421,157 | 192,675,476 | 2,453,947,685 | · | |
| EBITDA | $-780M | $-630M | $121M | $-13M | $-28M | · | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $176M | $204M | $356M | $403M | $369M | $128M | $57M | |
| Receivables | $83M | $100M | $103M | $67M | $48M | $42M | · | |
| Other Current Assets | $46M | $38M | $35M | $32M | $53M | $81M | · | |
| Current Assets | $305M | $342M | $493M | $501M | $469M | $251M | · | |
| PP&E (Net) | $7M | $8M | $12M | $14M | $15M | $17M | · | |
| PP&E (Gross) | $30M | $30M | $28M | $29M | $30M | $25M | · | |
| Accum. Depreciation | $23M | $22M | $16M | $15M | $15M | $8M | · | |
| Goodwill | $733M | $1.39B | $1.59B | $1.58B | $1.54B | $1.54B | · | |
| Intangibles | $351M | $749M | $1.48B | $1.52B | $1.70B | $1.81B | · | |
| Other Non-current Assets | $7M | $11M | $7M | $31M | $10M | $3M | · | |
| Total Assets | $1.43B | $2.52B | $3.63B | $3.69B | $3.78B | $3.64B | · | |
| Accounts Payable | $9M | $7M | $5M | $3M | $19M | $24M | · | |
| Accrued Liabilities | · | $6M | $14M | $15M | $12M | $36M | · | |
| Current Liabilities | $138M | $139M | $245M | $212M | $176M | $241M | · | |
| Capital Leases | $7M | $9M | $13M | $14M | $22M | $6M | · | |
| Deferred Tax | $318.0K | $777.0K | $6M | $8M | $0 | $428M | · | |
| Other Non-current Liabilities | $23M | $24M | $15M | $15M | $119M | $62M | · | |
| Total Liabilities | $744M | $1.18B | $1.29B | $1.24B | $1.31B | $1.55B | · | |
| Long-term Debt | $591M | $621M | $627M | $633M | $639M | $826M | · | |
| Total Debt | $588M | $617M | $621M | $625M | $623M | · | · | |
| Retained Earnings | $-1.39B | $-701M | $-144M | $-140M | $-60M | $0 | · | |
| Treasury Stock | $0 | $0 | $74M | $0 | · | · | · | |
| AOCI | $159M | $71M | $79M | $74M | $79M | $181M | · | |
| Stockholders' Equity | $570M | $825M | $1.64B | $1.63B | $1.61B | $2.08B | · | |
| Liabilities + Equity | $1.43B | $2.52B | $3.63B | $3.69B | $3.78B | $3.64B | · |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $26M | $71M | $68M | $90M | $107M | $92M | $7M | |
| Stock-based Comp | $31M | $26M | $104M | $111M | $124M | $27M | $2M | |
| Deferred Tax | $6M | $5M | $-7M | $-5M | $-448M | $496.0K | $201.0K | |
| Amort. of Intangibles | $19M | $63M | $59M | $81M | $98M | $84M | $100.0K | |
| Restructuring | $15M | $20M | $-499.0K | $4M | · | · | · | |
| Other Non-cash | $881M | $579M | $21M | $17M | $3M | · | · | |
| Operating Cash Flow | $250M | $123M | $182M | $133M | $105M | $53M | $101M | |
| Investing Cash Flow | $-12M | $-27M | $-25M | $-86M | $-12M | $-2.85B | $-11M | |
| Debt Issued | · | · | · | $0 | $0 | $850M | $0 | |
| Net Debt Issued | $-31M | $-6M | $-6M | $-6M | $-206M | · | · | |
| Stock Issued | · | · | · | · | $0 | $0 | $104.0K | |
| Stock Repurchased | $29M | $192M | $113M | $0 | $1.02B | $0 | $0 | |
| Net Stock Activity | $-29M | $-192M | $0 | $0 | $-1.02B | · | · | |
| Dividends Paid | · | · | · | $0 | $0 | $360M | $23M | |
| Financing Cash Flow | $-268M | $-251M | $-199M | $-15M | $151M | $2.87B | $-65M | |
| Net Change in Cash | $-28M | $-152M | $-48M | $38M | $241M | $74M | $24M | |
| Taxes Paid | $14M | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -83.4% | -65.4% | 5.1% | -11.4% | -17.6% | · | · | |
| Net Margin | -71.8% | -52.0% | -0.40% | -8.8% | 41.5% | · | · | |
| Pretax Margin | -89.2% | -69.5% | 0.50% | -12.2% | -19.5% | · | · | |
| EBITDA Margin | -80.8% | -58.8% | 11.5% | -1.5% | -3.6% | · | · | |
| ROA | -35.1% | -18.1% | -0.12% | -2.1% | 8.6% | · | · | |
| ROE | -99.4% | -45.3% | -0.26% | -4.9% | 17.2% | · | · | |
| ROIC | -72.3% | -50.1% | -0.83% | -4.7% | 11.6% | · | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.2 | 2.5 | 2.0 | 2.4 | 2.7 | · | · | |
| Quick Ratio | 1.9 | 2.2 | 1.9 | 2.2 | 2.4 | · | · | |
| Debt / Equity | 1.0 | 0.7 | 0.4 | 0.4 | 0.4 | · | · | |
| LT Debt / Equity | 1.0 | 0.7 | 0.4 | 0.4 | 0.4 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.3 | 0.3 | 0.2 | 0.2 | · | · | |
| Receivables Turnover | 10.6 | 10.6 | 12.4 | 15.8 | 17.2 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -9.9% | 1.9% | 16.4% | 18.7% | 41.0% | · | · | |
| Revenue CAGR 3Y | 2.2% | 12.1% | 24.9% | · | · | · | · | |
| Revenue CAGR 5Y | 12.3% | · | · | · | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $966M | $1.07B | $1.05B | $904M | $761M | $540M | · | |
| Net Income TTM | $-693M | $-557M | $-4M | $-80M | $310M | $-110M | · | |
| P/E | -0.6 | -1.8 | -491.3 | -34.0 | 23.4 | · | · | |
| Earnings Yield | -166.7% | -56.6% | -0.20% | -2.9% | 4.3% | · | · | |
| Payout Ratio | · | · | · | 0.00% | 0.00% | · | · | |
| Annual Payout | · | · | · | $0 | $0 | $360M | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $211M | $212M | $224M | $246M | $248M | $247M | $262M | $274M | $269M | $268M | $274M | $276M | $260M | $243M | $242M | $233M | |
| Cost of Revenue | $54M | $55M | $65M | $69M | $74M | $73M | $78M | $80M | $80M | $81M | $80M | $80M | $77M | $71M | $68M | $65M | |
| SG&A Expense | $31M | $31M | $34M | $46M | $36M | $22M | $38M | $33M | $36M | $21M | $80M | $49M | $43M | $50M | $63M | $27M | |
| Operating Expenses | $323M | $147M | $800M | $183M | $587M | $202M | $225M | $1.11B | $217M | $219M | $280M | $246M | $239M | $234M | $389M | $204M | |
| Operating Income | $-112M | $65M | $-576M | $64M | $-338M | $45M | $37M | $-838M | $52M | $49M | $-7M | $30M | $21M | $9M | $-147M | $28M | |
| Other Non-op | $-4M | $7M | $-2M | $8M | $-12M | $-7M | $-9M | $3M | $-558.0K | $1M | $-20M | $252.0K | $-3M | $-4M | $18M | $7M | |
| Pretax Income | $-130M | $64M | $-587M | $61M | $-361M | $26M | $16M | $-845M | $42M | $41M | $-32M | $25M | $12M | $284.0K | $-162M | $28M | |
| Income Tax | $-2M | $11M | $12M | $10M | $6M | $6M | $7M | $4M | $5M | $7M | $-58.0K | $2M | $3M | $3M | $-2M | $2M | |
| Net Income | $-110M | $45M | $-490M | $37M | $-254M | $13M | $4M | $-613M | $27M | $25M | $-26M | $17M | $7M | $-2M | $-111M | $18M | |
| EPS (Basic) | $-0.84 | $0.35 | $-3.97 | $0.34 | $-2.45 | $0.13 | $0.09 | $-5.11 | $0.22 | $0.19 | $-0.19 | $0.12 | $0.05 | $-0.01 | $-0.86 | $0.14 | |
| EPS (Diluted) | $-0.84 | $0.34 | $-3.96 | $0.33 | $-2.45 | $0.13 | $0.09 | $-5.11 | $0.22 | $0.19 | $-0.19 | $0.12 | $0.05 | $-0.01 | $-0.85 | $0.14 | |
| Shares (Basic) | 131,043,166 | 129,923,417 | -207,100,565 | 108,584,387 | 103,480,019 | 105,167,614 | -254,247,920 | 120,091,564 | 126,247,418 | 128,733,487 | -270,568,814 | 136,457,412 | 137,123,855 | 131,924,371 | -258,675,361 | 129,464,491 | |
| Shares (Diluted) | 131,043,166 | 129,923,417 | -253,834,093 | 155,317,915 | 103,480,019 | 105,167,614 | -254,247,920 | 120,091,564 | 126,247,418 | 128,733,487 | -379,782,789 | 191,417,812 | 191,377,430 | 131,924,371 | -385,293,339 | 193,986,415 | |
| EBITDA | $-112M | $70M | · | $64M | $-338M | $54M | · | $-838M | $52M | $66M | · | $30M | $21M | $26M | · | $28M |
Balance Sheet 25
| 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 | $154M | $246M | $176M | $308M | $262M | $202M | $204M | $252M | $287M | $263M | $356M | $439M | $381M | $389M | $403M | $365M | |
| Receivables | $73M | $66M | $83M | $93M | $97M | $98M | $100M | $103M | $102M | $101M | · | $102M | $99M | $93M | · | $57M | |
| Other Current Assets | $50M | $45M | $46M | $37M | $39M | $38M | $38M | $29M | $31M | $31M | · | $43M | $47M | $39M | · | $30M | |
| Current Assets | $277M | $357M | $305M | $437M | $398M | $338M | $342M | $383M | $420M | $394M | · | $584M | $527M | $521M | · | $452M | |
| PP&E (Net) | $5M | $6M | $7M | $7M | $9M | $8M | $8M | $9M | $10M | $12M | · | $14M | $16M | $17M | · | $13M | |
| PP&E (Gross) | · | · | $30M | · | · | · | $30M | · | · | · | · | $28M | $31M | $34M | · | $30M | |
| Accum. Depreciation | $25M | $24M | $23M | $28M | $27M | $24M | $22M | $21M | $19M | $17M | · | $15M | $15M | $17M | · | $17M | |
| Goodwill | $603M | $733M | $733M | $1.13B | $1.13B | $1.39B | $1.39B | $1.39B | $1.58B | $1.58B | $1.59B | $1.58B | $1.59B | $1.58B | $1.58B | $1.58B | |
| Intangibles | $312M | $352M | $351M | $588M | $589M | $739M | $749M | $764M | $1.46B | $1.47B | · | $1.50B | $1.51B | $1.51B | · | $1.67B | |
| Other Non-current Assets | $7M | $6M | $7M | $8M | $11M | $10M | $11M | $8M | $17M | $17M | · | $8M | $8M | $27M | · | $35M | |
| Total Assets | $1.22B | $1.47B | $1.43B | $2.19B | $2.16B | $2.51B | $2.52B | $2.59B | $3.52B | $3.52B | · | $3.73B | $3.69B | $3.70B | · | $3.79B | |
| Accounts Payable | $2M | $2M | $9M | $4M | $9M | $5M | $7M | $7M | $6M | $8M | · | $5M | $8M | $9M | · | $11M | |
| Accrued Liabilities | · | · | · | · | · | $7M | · | · | · | · | · | $17M | $18M | $14M | · | $54M | |
| Current Liabilities | $171M | $293M | $138M | $123M | $120M | $119M | $139M | $183M | $176M | $201M | · | $197M | $187M | $209M | · | $140M | |
| Capital Leases | $5M | $6M | $7M | $7M | $8M | $9M | $9M | $11M | $12M | $12M | · | $13M | $14M | $14M | · | $19M | |
| Deferred Tax | $408.0K | $2M | $318.0K | $172.0K | $253.0K | $777.0K | $777.0K | $975.0K | $5M | $5M | · | $9M | $11M | $8M | · | $9M | |
| Other Non-current Liabilities | $34M | $13M | $23M | $30M | $27M | $24M | $24M | $13M | $13M | $14M | · | $14M | $15M | $15M | · | $72M | |
| Total Liabilities | $604M | $738M | $744M | $1.16B | $1.16B | $1.15B | $1.18B | $1.22B | $1.23B | $1.25B | · | $1.25B | $1.25B | $1.27B | · | $1.23B | |
| Long-term Debt | $475M | $589M | $591M | $589M | $615M | $616M | $617M | $618M | $619M | $620M | · | $628M | $630M | $631M | · | $634M | |
| Total Debt | $451M | $587M | · | $589M | $615M | $616M | · | $618M | $619M | $620M | · | $622M | $623M | · | · | $626M | |
| Retained Earnings | $-1.46B | $-1.35B | $-1.39B | $-904M | $-941M | $-688M | $-701M | $-705M | $-77M | $-119M | · | $-118M | $-135M | $-141M | · | $-29M | |
| Treasury Stock | · | · | $0 | · | · | · | $0 | $266M | $119M | $119M | · | $16M | $16M | · | · | · | |
| AOCI | $155M | $153M | $159M | $137M | $133M | $120M | $71M | $73M | $77M | $77M | · | $72M | $79M | $77M | · | $62M | |
| Stockholders' Equity | $516M | $617M | $570M | $675M | $578M | $815M | $825M | $853M | $1.65B | $1.60B | · | $1.69B | $1.67B | $1.72B | · | $1.70B | |
| Liabilities + Equity | $1.22B | $1.47B | $1.43B | $2.19B | $2.16B | $2.51B | $2.52B | $2.59B | $3.52B | $3.52B | · | $3.73B | $3.69B | $3.70B | · | $3.79B |
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 | $4M | $4M | $5M | $5M | $7M | $10M | $18M | $18M | $17M | $17M | $17M | $17M | $17M | $17M | $16M | $20M | |
| Stock-based Comp | $10M | $11M | $10M | $12M | $6M | $4M | $14M | $10M | $2M | $26.0K | $21M | $22M | $34M | $29M | $34M | $37M | |
| Deferred Tax | · | · | $3M | $948.0K | $557.0K | $1M | $5M | $-1M | $1M | $164.0K | $2M | $-3M | $-3M | $-3M | $1M | $-3M | |
| Amort. of Intangibles | $2M | $3M | $4M | $3M | $5M | $8M | $16M | $16M | $15M | $15M | $15M | $15M | $15M | $14M | $14M | $18M | |
| Restructuring | $834.0K | $2M | $18.0K | $1M | $12M | $1M | $45.0K | $20M | $3M | $17M | · | $0 | · | · | · | $611.0K | |
| Other Non-cash | · | $17M | · | · | · | $15M | · | · | · | $-40M | · | · | · | $-28M | · | · | |
| Operating Cash Flow | $54M | $77M | $59M | $77M | $71M | $43M | $-5M | $93M | $33M | $2M | $63M | $63M | $43M | $13M | $51M | $37M | |
| Investing Cash Flow | $-3M | $-3M | $-3M | $-3M | $-4M | $-2M | $-3M | $-19M | $-2M | $-3M | $-2M | $-4M | $-12M | $-7M | $-5M | $-3M | |
| Net Debt Issued | · | $-1M | · | · | · | $-1M | · | · | · | $-1M | · | · | · | $-1M | · | · | |
| Stock Repurchased | $0 | $0 | $0 | $0 | $0 | $29M | $40M | $90M | $0 | $62M | $92M | $0 | $21M | $0 | $0 | $0 | |
| Net Stock Activity | · | $0 | · | · | · | $-29M | · | · | · | $-62M | · | · | $-21M | · | · | · | |
| Financing Cash Flow | $-143M | $-4M | $-188M | $-28M | $-9M | $-42M | $-43M | $-107M | $-7M | $-94M | $-141M | $-4M | $-39M | $-16M | $-3M | $-3M | |
| Net Change in Cash | $-92M | $70M | $-132M | $46M | $60M | $-1M | $-48M | $-35M | $24M | $-93M | $-83M | $58M | $-8M | $-14M | $35M | $37M |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -53.2% | 30.7% | · | 25.9% | -136.3% | 18.1% | · | -306.3% | 19.3% | 18.2% | · | 10.9% | 8.2% | 3.7% | · | 12.2% | |
| Net Margin | -52.3% | 21.3% | · | 15.2% | -102.2% | 5.4% | · | -224.1% | 10.2% | 9.2% | · | 6.0% | 2.6% | -0.66% | · | 7.8% | |
| Pretax Margin | -61.9% | 30.1% | · | 24.8% | -145.2% | 10.5% | · | -308.9% | 15.8% | 15.4% | · | 9.1% | 4.7% | 0.12% | · | 12.0% | |
| EBITDA Margin | -53.2% | 32.8% | · | 25.9% | -136.3% | 21.9% | · | -306.3% | 19.3% | 24.6% | · | 10.9% | 8.2% | 10.6% | · | 12.2% | |
| ROA | -6.5% | 2.3% | · | 1.6% | -8.9% | 0.45% | · | -19.4% | 0.76% | 0.67% | · | 0.45% | 0.18% | · | · | 0.48% | |
| ROE | -20.1% | 6.3% | · | 4.9% | -22.8% | 1.1% | · | -48.2% | 1.7% | 1.5% | · | 0.98% | 0.41% | · | · | 1.1% | |
| ROIC | -11.4% | 4.5% | · | 4.2% | -28.9% | 2.4% | · | -57.3% | 2.0% | 1.8% | · | 1.2% | 0.72% | · | · | 1.1% |
Liquidity & Solvency 4
| 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 | 1.6 | 1.2 | · | 3.6 | 3.3 | 2.8 | · | 2.1 | 2.4 | 2.0 | · | 3.0 | 2.8 | · | · | 3.2 | |
| Quick Ratio | 1.3 | 1.1 | · | 3.3 | 3.0 | 2.5 | · | 1.9 | 2.2 | 1.8 | · | 2.7 | 2.6 | · | · | 3.0 | |
| Debt / Equity | 0.9 | 1.0 | · | 0.9 | 1.1 | 0.8 | · | 0.7 | 0.4 | 0.4 | · | 0.4 | 0.4 | · | · | 0.4 | |
| LT Debt / Equity | 0.8 | 0.7 | · | 0.9 | 1.1 | 0.7 | · | 0.7 | 0.4 | 0.4 | · | 0.4 | 0.4 | · | · | 0.4 |
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 | |
| Receivables Turnover | 2.5 | 2.6 | · | 2.5 | 2.5 | 2.5 | · | 2.7 | 2.7 | 3.6 | · | 2.8 | 3.4 | · | · | 4.6 |
Valuation (TTM) 4
| 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 | $917M | $954M | · | $1.02B | $1.04B | $1.06B | · | $1.09B | $1.07B | $1.05B | · | $1.01B | $955M | $905M | · | $861M | |
| Net Income TTM | $-281M | $-158M | · | $-816M | $-826M | $-548M | · | $-545M | $75M | $46M | · | $40M | $20M | $29M | · | $23M | |
| P/E | -1.2 | -2.0 | · | -0.9 | -0.9 | -0.9 | · | -1.4 | 18.1 | 32.4 | · | 49.7 | 111.9 | 88.9 | · | 126.4 | |
| Earnings Yield | -81.9% | -50.6% | · | -116.6% | -109.4% | -105.3% | · | -71.8% | 5.5% | 3.1% | · | 2.0% | 0.89% | 1.1% | · | 0.79% |
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 | $966M | $1.07B | $1.05B | $904M | $761M |
| Operating Margin % | -83.4% | -65.4% | 5.1% | -11.4% | -17.6% |
| Net Income | $-693M | $-557M | $-4M | $-80M | $310M |
| Diluted EPS | $-5.95 | $-4.61 | $-0.03 | $-0.62 | $1.45 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.0 | 0.7 | 0.4 | 0.4 | 0.4 |
| Current Ratio | 2.2 | 2.5 | 2.0 | 2.4 | 2.7 |
| Quick Ratio | 1.9 | 2.2 | 1.9 | 2.2 | 2.4 |
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Institutional owners (13F) 219 filers · $231.5M 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.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 32 (-13 vs prior Q) | 43 (-6 vs prior Q) | 69 (-3 vs prior Q) | 60 (-8 vs prior Q) | +16.2M |
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 PORTFOLIO MANAGEMENT LLC | $20,356,621 | 6,361,444 | 8.80% | Shares |
| Blackstone Inc. | $18,836,874 | 5,886,523 | 8.14% | Shares |
| Saba Capital Management, L.P. | $17,786,864 | 5,558,395 | 7.68% | Shares |
| Accel Growth Fund V Associates L.L.C. | $16,174,499 | 5,054,531 | 6.99% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $14,465,155 | 4,520,361 | 6.25% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $12,703,222 | 3,969,757 | 5.49% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $11,944,000 | 3,732,500 | 5.16% | Shares |
| STATE STREET CORP | $8,282,333 | 2,588,229 | 3.58% | Shares |
| Qube Research & Technologies Ltd | $7,762,838 | 2,425,887 | 3.35% | Shares |
| PRUDENTIAL FINANCIAL INC | $7,234,768 | 2,260,865 | 3.13% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $6,934,061 | 2,166,307 | 3.00% | Shares |
| DEUTSCHE BANK AG\ | $6,499,053 | 2,030,954 | 2.81% | Shares |
| TWO SIGMA INVESTMENTS, LP | $4,951,190 | 1,547,247 | 2.14% | Shares |
| Cubist Systematic Strategies, LLC | $4,714,662 | 774,165 | 2.04% | Shares |
| TWO SIGMA ADVISERS, LP | $4,442,151 | 1,244,300 | 1.92% | Shares |
| CastleKnight Management LP | $3,900,198 | 1,218,812 | 1.69% | Shares |
| CITADEL ADVISORS LLC | $3,567,251 | 1,114,766 | 1.54% | Shares |
| RBF Capital, LLC | $3,301,498 | 1,031,718 | 1.43% | Shares |
| Quinn Opportunity Partners LLC | $3,162,048 | 988,140 | 1.37% | Shares |
| Man Group plc | $2,793,968 | 873,115 | 1.21% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $2,508,618 | 783,943 | 1.08% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2,468,742 | 771,482 | 1.07% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $2,210,813 | 690,879 | 0.96% | Shares |
| JANE STREET GROUP, LLC | $2,157,760 | 674,300 | 0.93% | Call option |
| PRINCIPAL FINANCIAL GROUP INC | $2,107,750 | 658,672 | 0.91% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,898,755 | 593,361 | 0.82% | Shares |
| Susquehanna Portfolio Strategies, LLC | $1,788,413 | 558,879 | 0.77% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,765,760 | 551,800 | 0.76% | Put option |
| D. E. Shaw & Co., Inc. | $1,595,363 | 498,551 | 0.69% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $1,550,342 | 484,482 | 0.67% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $1,514,950 | 473,422 | 0.65% | Shares |
| GROUP ONE TRADING LLC | $1,383,363 | 432,301 | 0.60% | Shares |
| CITADEL ADVISORS LLC | $1,316,800 | 411,500 | 0.57% | Call option |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $1,272,688 | 397,715 | 0.55% | Shares |
| Militia Capital Partners, LP | $1,080,296 | 302,604 | 0.47% | Shares |
| Diametric Capital, LP | $1,009,612 | 315,504 | 0.44% | Shares |
| TUDOR INVESTMENT CORP ET AL | $912,896 | 285,280 | 0.39% | Shares |
| WOLVERINE TRADING, LLC | $907,830 | 144,100 | 0.39% | Call option |
| CITADEL ADVISORS LLC | $891,520 | 278,600 | 0.39% | Put option |
| Engineers Gate Manager LP | $776,634 | 242,698 | 0.34% | Shares |
| XTX Topco Ltd | $770,202 | 240,688 | 0.33% | Shares |
| JANE STREET GROUP, LLC | $768,352 | 240,110 | 0.33% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $749,805 | 234,314 | 0.32% | Shares |
| GOLDMAN SACHS GROUP INC | $737,610 | 230,503 | 0.32% | Shares |
| IEQ CAPITAL, LLC | $727,978 | 227,493 | 0.31% | Shares |
| Prentice Capital Management, LP | $725,277 | 226,649 | 0.31% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $637,094 | 199,092 | 0.28% | Shares |
| MARSHALL WACE, LLP | $606,285 | 189,464 | 0.26% | Shares |
| JANE STREET GROUP, LLC | $575,040 | 179,700 | 0.25% | Put option |
| ALLIANCEBERNSTEIN L.P. | $499,862 | 153,332 | 0.22% | Shares |
| STRS OHIO | $498,880 | 155,900 | 0.22% | Shares |
| CWM, LLC | $490,663 | 150,510 | 0.21% | Shares |
| Bank of New York Mellon Corp | $463,219 | 144,756 | 0.20% | Shares |
| WOLVERINE TRADING, LLC | $441,630 | 70,100 | 0.19% | Put option |
| CANADA PENSION PLAN INVESTMENT BOARD | $435,520 | 136,100 | 0.19% | Shares |
| RHUMBLINE ADVISERS | $361,947 | 113,111 | 0.16% | Shares |
| Walleye Capital LLC | $354,880 | 110,900 | 0.15% | Put option |
| Quadrature Capital Ltd | $353,738 | 110,543 | 0.15% | Shares |
| FEDERATED HERMES, INC. | $316,358 | 98,862 | 0.14% | Shares |
| Polymer Capital Management (US) LLC | $316,048 | 98,765 | 0.14% | Shares |
| 180 WEALTH ADVISORS, LLC | $306,237 | 95,699 | 0.13% | Shares |
| Walleye Capital LLC | $305,600 | 95,500 | 0.13% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $301,440 | 94,200 | 0.13% | Call option |
| IMC-Chicago, LLC | $295,798 | 92,437 | 0.13% | Shares |
| Centiva Capital, LP | $289,600 | 90,500 | 0.13% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $286,083 | 89,401 | 0.12% | Shares |
| BANK OF AMERICA CORP /DE/ | $273,494 | 85,467 | 0.12% | Shares |
| WELLS FARGO & COMPANY/MN | $272,883 | 85,276 | 0.12% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $242,390 | 75,747 | 0.10% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $238,899 | 74,656 | 0.10% | Shares |
| AMERICAN CENTURY COMPANIES INC | $222,208 | 69,440 | 0.10% | Shares |
| MetLife Investment Management, LLC | $200,950 | 62,797 | 0.09% | Shares |
| SIMPLEX TRADING, LLC | $196,681 | 61,463 | 0.08% | Shares |
| VANGUARD GROUP INC | $194,719 | 54,543 | 0.08% | Shares |
| Mariner, LLC | $191,263 | 59,770 | 0.08% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $188,499 | 58,906 | 0.08% | Shares |
| MORGAN STANLEY | $185,795 | 58,061 | 0.08% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $183,187 | 57,246 | 0.08% | Shares |
| WINTON GROUP Ltd | $179,040 | 55,950 | 0.08% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $177,517 | 55,474 | 0.08% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $165,814 | 54,724 | 0.07% | Shares |
| Headlands Technologies LLC | $165,450 | 51,703 | 0.07% | Shares |
| Corton Capital Inc. | $164,759 | 27,054 | 0.07% | Shares |
| BlackRock, Inc. | $148,416 | 46,380 | 0.06% | Shares |
| Empowered Funds, LLC | $139,107 | 43,471 | 0.06% | Shares |
| TWO SIGMA SECURITIES, LLC | $133,741 | 41,794 | 0.06% | Shares |
| CITIGROUP INC | $130,970 | 40,928 | 0.06% | Shares |
| Invesco Ltd. | $128,163 | 40,051 | 0.06% | Shares |
| Russell Investments Group, Ltd. | $123,174 | 38,492 | 0.05% | Shares |
| AXA Investment Managers S.A. | $122,592 | 20,130 | 0.05% | Shares |
| MML INVESTORS SERVICES, LLC | $117,504 | 36,720 | 0.05% | Shares |
| SHERBROOKE PARK ADVISERS LLC | $108,000 | 30,252 | 0.05% | Shares |
| ROYCE & ASSOCIATES LP | $104,854 | 32,767 | 0.05% | Shares |
| Vanguard Global Advisers, LLC | $102,765 | 32,114 | 0.04% | Shares |
| AlphaQuest LLC | $100,806 | 28,237 | 0.04% | Shares |
| Balyasny Asset Management L.P. | $97,274 | 30,398 | 0.04% | Shares |
| MILLENNIUM MANAGEMENT LLC | $93,731 | 29,291 | 0.04% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $92,480 | 28,900 | 0.04% | Shares |
| Arax Advisory Partners | $89,689 | 28,028 | 0.04% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $89,261 | 27,894 | 0.04% | Shares |
Company insiders 16 insiders · 5 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Lidiane S. Jones | Chief Executive Officer | Jan. 2, 2025 F | 683,054 | 0 | 0 | $0 |
| Anuradha B. Subramanian | Chief Financial Officer | Feb. 10, 2025 F | 259,790 | 0 | 0 | $0 |
| Tariq M Shaukat | President | June 29, 2023 F | 183,247 | 0 | 0 | $0 |
| Elizabeth Monteleone | Chief Legal Officer | Jan. 29, 2025 A | 185,357 | 0 | 0 | $0 |
| Laura Franco | Chief Legal & Compliance Officer | Feb. 10, 2024 F | 139,779 | 0 | 0 | $0 |
| Sissie L. Hsiao | Director | June 9, 2026 S | 126,687 | 0 | 1 | $-61,465 |
| Ann Mather | Director | June 9, 2026 S | 117,853 | 0 | 1 | $-61,458 |
| Amy Griffin | Director | June 4, 2026 A | 158,128 | 0 | 0 | $0 |
| Elisa Steele | Director | June 4, 2026 A | 182,576 | 0 | 0 | $0 |
| Rebecca Lynn Atchison | Director | June 4, 2026 A | 158,128 | 0 | 0 | $0 |
| Pamela Thomas-Graham | Director | June 4, 2026 A | 164,663 | 0 | 0 | $0 |
| Matthew S Bromberg | Director | June 5, 2024 A | 36,522 | 0 | 0 | $0 |
| Whitney Wolfe Herd | — | Aug. 10, 2026 F | 1,352,781 | 0 | 0 | $0 |
| Kevin D. Cook | — | Aug. 2, 2026 F | 1,376,583 | 0 | 0 | $0 |
| Deirdre L. Runnette | — | Aug. 2, 2026 F | 999,642 | 0 | 0 | $0 |
| Amy Kossover | — | Aug. 2, 2026 F | 188,813 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| BX Buzz ML-1 Holdco L.P., BX Buzz ML-2 Holdco L.P., BX Buzz ML-3 Holdco L.P., BX Buzz ML-4 Holdco L.P., BX Buzz ML-5 Holdco L.P., BX Buzz ML-6 Holdco L.P., BX Buzz ML-7 Holdco L.P., BX Buzz ML-1 GP LLC, BX Buzz ML-2 GP LLC, BX Buzz ML-3 GP LLC, BX Buzz ML-4 GP LLC, BX Buzz ML-5 GP LLC, BX Buzz ML-6 GP LLC, BX Buzz ML-7 GP LLC, Blackstone Buzz Holdings L.P., Blackstone Tactical Opportunities Fund-FD L.P., Blackstone Family Investment Partnership-Growth ESC L.P., BCP Buzz Holdings L.P., BTO Buzz Holdings II L.P., BXG Buzz Holdings L.P., BSOF Buzz Aggregator L.L.C., BTO Holdings Manager-NQ L.L.C., Blackstone Tactical Opportunities Associates-NQ L.L.C., BTOA-NQ L.L.C., Blackstone Tactical Opportunities Associates III-NQ L.P., BTO DE GP-NQ L.L.C., BXG Side-by-Side GP L.L.C., BXG Holdings Manager L.L.C., Blackstone Growth Associates L.P., BXGA L.L.C., Blackstone Strategic Opportunity Associates L.L.C., BCP VII Holdings Manager - NQ L.L.C., Blackstone Management Associates VII NQ L.L.C., BMA VII NQ L.L.C., Blackstone Holdings II L.P., Blackstone Holdings I/II GP L.L.C., BTO Holdings Manager L.L.C., Blackstone Tactical Opportunities Associates L.L.C., BTOA L.L.C., Blackstone Holdings III L.P., Blackstone Holdings III GP L.P., Blackstone Holdings III GP Management L.L.C., Blackstone Inc., Blackstone Group Management L.L.C., Stephen A. Schwarzman ×10 filings | June 18, 2026 | 0.00% | Amendment | — | SEC |
| Whitney Wolfe Herd, Beehive Holdings II, LP, Beehive Holdings III, LP ×5 filings | Nov. 5, 2025 | 0.00% | Amendment | — | SEC |
| Blackstone Buzz Holdings L.P., Blackstone Tactical Opportunities Fund—FD L.P., Blackstone Family Investment Partnership—Growth ESC L.P., BCP Buzz Holdings L.P., BTO Buzz Holdings II L.P., BXG Buzz Holdings L.P., BSOF Buzz Aggregator L.L.C., BTO Holdings Manager—NQ L.L.C., Blackstone Tactical Opportunities Associates—NQ L.L.C., BTOA—NQ L.L.C., Blackstone Tactical Opportunities Associates III—NQ L.P., BTO DE GP—NQ L.L.C., BXG Side-by-Side GP L.L.C., BXG Holdings Manager L.L.C., Blackstone Growth Associates L.P., BXGA L.L.C., Blackstone Strategic Opportunity Associates L.L.C., BCP VII Holdings Manager – NQ L.L.C., Blackstone Management Associates VII NQ L.L.C., BMA VII NQ L.L.C., Blackstone Holdings II L.P., Blackstone Holdings I/II GP L.L.C., BTO Holdings Manager L.L.C., Blackstone Tactical Opportunities Associates L.L.C., BTOA L.L.C., Blackstone Holdings III L.P., Blackstone Holdings III GP L.P., Blackstone Holdings III GP Management L.L.C., The Blackstone Group Inc., Blackstone Group Management L.L.C., Stephen A. Schwarzman ×2 filings | April 28, 2021 | — | 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 37 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 |
|---|---|---|---|---|
| DEEP · ETF Series Solutions | 0.75% | 61,731 NS | May 31, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.11% | 93,002 NS | May 31, 2026 | N-PORT |
| SOCL · Global X Funds | 0.10% | 21,612 NS | April 30, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.07% | 619,328 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.05% | 801,527 SH | Aug. 8, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.04% | 95,478 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.04% | 710,311 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 355,008 SH | Aug. 8, 2026 | Daily |
| GINN · Goldman Sachs ETF Trust | 0.03% | 22,623 NS | May 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 88,237 SH | Aug. 8, 2026 | Daily |
| VOX · VANGUARD WORLD FUND | 0.02% | 350,298 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 58,556 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.02% | 906,547 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.02% | 539,970 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 425,619 NS | April 30, 2026 | N-PORT |
| PNQI · Invesco Exchange-Traded Fund Trust | 0.01% | 19,485 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 587,130 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 2,582,094 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 31,134 NS | April 30, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 6,801 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 3,385 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 373,676 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.00% | 37,671 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 2,647 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 2,677 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 2,112 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 3,361 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 137,856 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 67 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 148,361 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 23,630 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 40,557 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 2,575 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 4,567 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 1,071,546 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,824,068 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 10,457 SH | Aug. 8, 2026 | Daily |