BVS Bioventus Inc. - Class A Common Stock
$14.84
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$6–$16
89% of range
Analyst Rating
BUY
9 analysts
Price Target
$18
+19% upside
P/E (TTM)
22.5
ROE
13.7%
Net Profit Margin
4.0%
BVS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$14.84
Market Cap
—
P/E (TTM)
22.5
EPS (TTM)
$0.33
Revenue (TTM)
$568M
Div Yield
—
ROE
13.7%
Debt/Equity
1.6
52W Range
$6 – $16
BVS 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
$568M
2019-12-31
→
2025-12-31
EPS
$0.33
2021-12-31
→
2025-12-31
Free Cash Flow
$72M
2021-12-31
→
2025-12-31
Margins
4.0%
2021-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
BVS
Peer Median
P/E (TTM)
22.5
39.4
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
BVS
Peer Median
Gross Margin
68.3%
58.7%
Operating Margin
9.5%
—
Net Profit Margin
4.0%
-11.8%
ROA
3.2%
-6.3%
ROE
13.7%
-13.4%
ROIC
12.0%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
BVS
Peer Median
Debt / Equity
1.6
37.4
Current Ratio
1.7
2.4
Quick Ratio
1.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
BVS
Peer Median
Revenue YoY
-0.91%
—
Revenue CAGR 3Y
3.5%
—
Revenue CAGR 5Y
12.1%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
BVS
Peer Median
BVS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
9 analysts
- Strong Buy 2 22.2%
- Buy 6 66.7%
- Hold 1 11.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-17
Median
$18.00
Mean
$17.60
← Below all targets
$14.84
Low
$15.00
High
$19.00
Median target
$18.00
+21.3%
Mean target
$17.60
+18.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.22 | $0.22 | 0.00% |
| March 31, 2026 | $0.15 | $0.10 | 0.05% |
| Dec. 31, 2025 | $0.24 | $0.22 | 0.02% |
| Sept. 30, 2025 | $0.15 | $0.12 | 0.03% |
| June 30, 2025 | $0.21 | $0.21 | -0.00% |
| March 31, 2025 | $0.08 | $0.02 | 0.06% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BVS | — | 22.5 | -0.91% | 4.0% | 13.7% | 68.3% |
| XRAY | $2.28B | -3.8 | -3.0% | -16.2% | -36.4% | 50.0% |
| NEOG | $1.95B | -224.2 | -2.7% | -0.91% | -0.38% | 46.9% |
| UFPT | $1.71B | 25.4 | 19.5% | 11.3% | 16.9% | 28.3% |
| STAA | $1.17B | -14.6 | -23.7% | -33.6% | -23.6% | 76.2% |
| KIDS | $446M | -10.5 | 15.4% | -16.8% | -11.3% | 73.0% |
| CERS | $396M | -25.8 | 16.1% | -6.7% | -26.0% | — |
| SMTI | $209M | -5.4 | 19.0% | -36.4% | -165.7% | 92.7% |
| EMBC | $825M | 8.7 | -3.8% | 8.8% | -13.8% | 62.6% |
| RXST | $430M | -11.0 | -3.9% | -29.0% | -14.0% | 76.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $568M | $573M | $512M | $512M | $431M | $321M | |
| Cost of Revenue | $180M | $185M | $184M | $181M | $128M | $88M | |
| Gross Profit | $388M | $388M | $328M | $331M | $303M | $234M | |
| R&D Expense | $12M | $14M | $13M | $24M | $19M | $11M | |
| SG&A Expense | $314M | $344M | $304M | $332M | $254M | $193M | |
| Operating Income | $54M | $-15M | $-82M | $-167M | $12M | $21M | |
| Other Non-op | $-1M | $2M | $1M | $-10M | $-1M | $4M | |
| Pretax Income | $26M | $-52M | $-121M | $-189M | $9M | $16M | |
| Income Tax | $-2M | $-5M | $85.0K | $-44M | $-2M | $1M | |
| Net Income | $23M | $-36M | $-156M | $-159M | $19M | $16M | |
| EPS (Basic) | $0.34 | $-0.56 | $-2.49 | $-2.59 | $-0.15 | · | |
| EPS (Diluted) | $0.33 | $-0.56 | $-2.49 | $-2.59 | $-0.15 | · | |
| Shares (Basic) | 66,622,631 | 64,547,474 | 62,647,554 | 61,389,107 | 45,472,483 | · | |
| Shares (Diluted) | 68,914,895 | 64,547,474 | 62,647,554 | 61,389,107 | 45,472,483 | · | |
| EBITDA | $101M | $38M | $-24M | $-184M | $47M | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $51M | $42M | $37M | $30M | $44M | $87M | |
| Receivables | $128M | $127M | $123M | $136M | $125M | $88M | |
| Inventory | $82M | $92M | $91M | $85M | $62M | $29M | |
| Prepaid Expense | $11M | $14M | $17M | $19M | $27M | $8M | |
| Current Assets | $273M | $276M | $268M | $273M | $263M | $212M | |
| PP&E (Net) | · | · | · | $28M | $23M | $7M | |
| PP&E (Gross) | · | · | · | $59M | $46M | $27M | |
| Accum. Depreciation | · | · | · | $31M | $23M | $20M | |
| Goodwill | $7M | $7M | $7M | $7M | $148M | $50M | |
| Intangibles | $368M | $405M | $482M | $640M | $695M | $192M | |
| Total Assets | $684M | $728M | $811M | $1.37B | $1.23B | $494M | |
| Accounts Payable | $11M | $24M | $23M | $37M | $17M | $4M | |
| Accrued Liabilities | $130M | $136M | $120M | $112M | $131M | $88M | |
| Current Liabilities | $160M | $210M | $175M | $304M | $181M | $123M | |
| Capital Leases | $4M | $7M | $11M | $14M | $15M | $14M | |
| Deferred Tax | $433.0K | $564.0K | $1M | $2M | $60M | $3M | |
| Other Non-current Liabilities | $15M | $23M | $28M | $23M | $22M | $22M | |
| Total Liabilities | $455M | $542M | $590M | $960M | $618M | $350M | |
| Long-term Debt | $294M | $336M | $395M | $418M | $358M | $188M | |
| Total Debt | $294M | $336M | $395M | $418M | $358M | · | |
| Paid-in Capital | $521M | $508M | $494M | $491M | $473M | · | |
| Retained Earnings | $-335M | $-358M | $-322M | $-165M | $-7M | · | |
| AOCI | $-2M | $-3M | $794.0K | $-110.0K | $179.0K | · | |
| Stockholders' Equity | $184M | $148M | $174M | $325M | $459M | · | |
| Liabilities + Equity | $684M | $728M | $811M | $1.37B | $1.23B | $494M |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $47M | $50M | $57M | $55M | $35M | $29M | |
| Stock-based Comp | $13M | $13M | $3M | $18M | $20M | $0 | |
| Deferred Tax | $-909.0K | $-5M | $-2M | $-47M | $-10M | $-511.0K | |
| Amort. of Intangibles | $39M | $39M | $45M | $56M | $35M | $28M | |
| Restructuring | $2M | $-52.0K | $840.0K | $7M | $2M | $563.0K | |
| Other Non-cash | $-7M | $18M | $114M | $114M | $-41M | · | |
| Operating Cash Flow | $75M | $39M | $15M | $-14M | $23M | $72M | |
| CapEx | $3M | $1M | $7M | $1M | $14M | $17M | |
| Investing Cash Flow | $-3M | $23M | $16M | $-116M | $-284M | $-20M | |
| Stock Issued | $2M | $2M | $778.0K | $6M | $2M | $0 | |
| Net Stock Activity | $2M | $2M | $778.0K | $6M | $2M | · | |
| Financing Cash Flow | $-62M | $-55M | $-27M | $62M | $273M | $-30M | |
| Net Change in Cash | $10M | $5M | $5M | $-67M | $12M | $22M | |
| Taxes Paid | $3M | $2M | $1M | $2M | $7M | $2M | |
| Free Cash Flow | $72M | $38M | $8M | $-24M | $16M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 68.3% | 67.7% | 64.1% | 64.6% | 70.2% | · | |
| Operating Margin | 9.5% | -2.1% | -16.0% | -49.0% | 2.8% | · | |
| Net Margin | 4.0% | -5.9% | -30.5% | -31.0% | 4.5% | · | |
| Pretax Margin | 4.5% | -8.6% | -23.6% | -51.5% | 1.8% | · | |
| EBITDA Margin | 17.8% | 6.6% | -4.8% | -36.0% | 10.9% | · | |
| ROA | 3.2% | -4.4% | -14.3% | -12.2% | 2.2% | · | |
| ROE | 13.7% | -20.9% | -62.6% | -40.9% | 8.4% | · | |
| ROIC | 12.0% | -2.2% | -14.4% | -27.6% | 1.9% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 1.3 | 1.5 | 0.9 | 1.5 | · | |
| Quick Ratio | 1.1 | 0.8 | 0.9 | 0.6 | 0.9 | · | |
| Debt / Equity | 1.6 | 2.3 | 2.3 | 1.3 | 0.8 | · | |
| LT Debt / Equity | 1.5 | 2.1 | 2.1 | 1.2 | 0.7 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.7 | 0.5 | 0.4 | 0.5 | · | |
| Inventory Turnover | 2.1 | 2.0 | 2.1 | 2.5 | 2.8 | · | |
| Receivables Turnover | 4.4 | 4.6 | 4.0 | 3.9 | 4.0 | · |
Growth Rates 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | -0.91% | 11.9% | 0.04% | 18.9% | 34.2% | · | |
| Revenue CAGR 3Y | 3.5% | 10.0% | 16.9% | · | · | · | |
| Revenue CAGR 5Y | 12.1% | · | · | · | · | · | |
| Net Income YoY | · | · | · | · | 18.1% | · | |
| Net Income CAGR 5Y | 6.7% | · | · | · | · | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $568M | $573M | $512M | $512M | $431M | $321M | |
| Net Income TTM | $23M | $-36M | $-156M | $-159M | $19M | $16M | |
| P/E | 22.5 | -18.8 | -2.1 | -1.0 | -96.6 | · | |
| Earnings Yield | 4.4% | -5.3% | -47.2% | -99.2% | -1.0% | · |
Income Statement 15
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $153M | $132M | $158M | $139M | $148M | $124M | $154M | $139M | $151M | $129M | $135M | $121M | $119M | $126M | |
| Cost of Revenue | $48M | $41M | $49M | $44M | $46M | $41M | $51M | $45M | $48M | $41M | $49M | $42M | $45M | $52M | |
| Gross Profit | $106M | $91M | $109M | $94M | $102M | $83M | $103M | $94M | $104M | $88M | $86M | $79M | $74M | $74M | |
| R&D Expense | $3M | $2M | $3M | $3M | $3M | $3M | $3M | $4M | $4M | $3M | $3M | $3M | $4M | $6M | |
| SG&A Expense | $83M | $78M | $83M | $79M | $79M | $74M | $87M | $81M | $97M | $79M | $78M | $70M | $81M | $77M | |
| Operating Income | $19M | $8M | $19M | $11M | $18M | $5M | $8M | $4M | $-31M | $5M | $1M | $2M | $-92M | $-16M | |
| Other Non-op | $249.0K | $427.0K | $-37.0K | $-79.0K | $-561.0K | $-777.0K | $1M | $626.0K | $-159.0K | $-63.0K | $709.0K | $-494.0K | $2M | $-9M | |
| Pretax Income | $15M | $5M | $14M | $5M | $10M | $-3M | $-53.0K | $-5M | $-42M | $-5M | $-8M | $-8M | $-100M | $-32M | |
| Income Tax | $-21M | $571.0K | $-3M | $664.0K | $1M | $-95.0K | $550.0K | $589.0K | $-7M | $907.0K | $-750.0K | $600.0K | $-146.0K | $-11M | |
| Net Income | $33M | $3M | $15M | $3M | $7M | $-3M | $-388.0K | $-5M | $-26M | $-5M | $-6M | $-7M | $-139M | $-32M | |
| EPS (Basic) | $0.49 | $0.05 | $0.22 | $0.05 | $0.11 | $-0.04 | $0.00 | $-0.08 | $-0.40 | $-0.08 | $-0.09 | $-0.12 | $-2.24 | $-0.52 | |
| EPS (Diluted) | $0.47 | $0.04 | $0.21 | $0.05 | $0.11 | $-0.04 | $0.00 | $-0.08 | $-0.40 | $-0.08 | $-0.09 | $-0.12 | $-2.24 | $-0.52 | |
| Shares (Basic) | 67,869,148 | 67,296,336 | -132,811,167 | 66,924,682 | 66,500,433 | 66,008,683 | -128,147,899 | 65,258,427 | 64,056,759 | 63,380,187 | 152,868 | 62,824,318 | 62,124,752 | 180,166 | |
| Shares (Diluted) | 70,838,486 | 70,008,291 | -134,468,344 | 68,837,797 | 68,536,759 | 66,008,683 | -128,147,899 | 65,258,427 | 64,056,759 | 63,380,187 | 152,868 | 62,824,318 | 62,124,752 | 180,166 | |
| EBITDA | $19M | $20M | · | $11M | $18M | $17M | · | $4M | $-29M | $17M | · | $2M | $-76M | · |
Balance Sheet 22
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $29M | $36M | $51M | $42M | $33M | $23M | $42M | $43M | $32M | $25M | · | $27M | $47M | · | |
| Receivables | $138M | $121M | $128M | $130M | $132M | $118M | $127M | $122M | $137M | $126M | · | $113M | $119M | · | |
| Inventory | $80M | $83M | $82M | $96M | $96M | $94M | $92M | $90M | $88M | $97M | · | $98M | $88M | · | |
| Prepaid Expense | $10M | $10M | $11M | $12M | $13M | $14M | $14M | $17M | $24M | $18M | · | $12M | $17M | · | |
| Current Assets | $258M | $250M | $273M | $281M | $275M | $249M | $276M | $299M | $309M | $266M | · | $249M | $309M | · | |
| Goodwill | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | · | $7M | $7M | · | |
| Intangibles | $351M | $360M | $368M | $377M | $387M | $396M | $405M | $415M | $425M | $471M | · | $493M | $516M | · | |
| Total Assets | $673M | $651M | $684M | $702M | $707M | $691M | $728M | $769M | $792M | $794M | · | $811M | $887M | · | |
| Accounts Payable | $20M | $24M | $11M | $27M | $24M | $19M | $24M | $17M | $24M | $19M | · | $18M | $33M | · | |
| Accrued Liabilities | $109M | $101M | $130M | $119M | $114M | $103M | $136M | $129M | $140M | $114M | · | $119M | $116M | · | |
| Current Liabilities | $152M | $148M | $160M | $162M | $186M | $175M | $210M | $211M | $231M | $173M | · | $161M | $196M | · | |
| Capital Leases | $3M | $4M | $4M | $5M | $6M | $6M | $7M | $8M | $8M | $10M | · | $11M | $13M | · | |
| Deferred Tax | $568.0K | $568.0K | $433.0K | $786.0K | $651.0K | $607.0K | $564.0K | $0 | $0 | $1M | · | $0 | $351.0K | · | |
| Other Non-current Liabilities | $13M | $14M | $15M | $20M | $21M | $22M | $23M | $26M | $27M | $28M | · | $31M | $29M | · | |
| Total Liabilities | $396M | $416M | $455M | $494M | $505M | $506M | $542M | $583M | $603M | $577M | · | $585M | $647M | · | |
| Long-term Debt | $248M | $272M | $294M | $323M | $341M | $346M | $336M | $384M | $383M | $391M | · | $395M | $446M | · | |
| Total Debt | $248M | $272M | · | $323M | $341M | $346M | · | $384M | $383M | $391M | · | $395M | · | · | |
| Paid-in Capital | $528M | $523M | $521M | $518M | $515M | $510M | $508M | $503M | $501M | $497M | · | $492M | $492M | · | |
| Retained Earnings | $-298M | $-332M | $-335M | $-350M | $-353M | $-360M | $-358M | $-355M | $-350M | $-326M | · | $-315M | $-304M | · | |
| AOCI | $-1M | $-2M | $-2M | $-2M | $-774.0K | $-2M | $-3M | $445.0K | $-17.0K | $325.0K | · | $397.0K | $413.0K | · | |
| Stockholders' Equity | $228M | $189M | $184M | $166M | $161M | $148M | $148M | $149M | $151M | $171M | · | $178M | $189M | · | |
| Liabilities + Equity | $673M | $651M | $684M | $702M | $707M | $691M | $728M | $769M | $792M | $794M | · | $811M | $887M | · |
Cash Flow 12
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $11M | $11M | $12M | $11M | $12M | $12M | $12M | $12M | $13M | $12M | $12M | $14M | $16M | $17M | |
| Stock-based Comp | $5M | $3M | $3M | $3M | $4M | $2M | $2M | $5M | $6M | $3M | $2M | $2M | $2M | $3M | |
| Restructuring | $-415.0K | $454.0K | · | · | $0 | $0 | $-52.0K | $0 | $0 | $0 | $-71.0K | $-26.0K | $317.0K | $5M | |
| Other Non-cash | · | $-9M | · | · | · | $-31M | · | · | · | $-16M | · | · | $123M | · | |
| Operating Cash Flow | $20M | $9M | $38M | $30M | $26M | $-19M | $19M | $10M | $15M | $-6M | $10M | $-8M | $2M | $5M | |
| CapEx | $960.0K | $574.0K | $580.0K | $473.0K | $683.0K | $826.0K | $574.0K | $64.0K | $77.0K | $291.0K | $369.0K | $2M | $4M | $-5M | |
| Investing Cash Flow | $-2M | $-574.0K | $-580.0K | $-473.0K | $-1M | $-826.0K | $24M | $-64.0K | $-77.0K | $-1M | $-591.0K | $-2M | $-15M | $-3M | |
| Stock Issued | $853.0K | $120.0K | $511.0K | $96.0K | $1M | $150.0K | $1M | $553.0K | $609.0K | $177.0K | $158.0K | $397.0K | $84.0K | $1M | |
| Net Stock Activity | · | $120.0K | · | · | · | $150.0K | · | · | · | $177.0K | · | · | $84.0K | · | |
| Financing Cash Flow | $-23M | $-23M | $-28M | $-20M | $-15M | $947.0K | $-43M | $362.0K | $-8M | $-4M | $-14.0K | $8M | $27M | $-5M | |
| Net Change in Cash | $-6M | $-15M | $9M | $9M | $10M | $-19M | $-1M | $11M | $7M | $-12M | $10M | $-3M | $15M | $-3M | |
| Free Cash Flow | · | $8M | · | · | · | $-20M | · | · | · | $-6M | · | · | $-1M | · |
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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 69.0% | 68.7% | · | 68.0% | 69.1% | 67.0% | · | 67.3% | 68.5% | 68.3% | · | 65.3% | 62.1% | · | |
| Operating Margin | 12.5% | 6.4% | · | 8.1% | 12.4% | 3.9% | · | 2.9% | -19.4% | 4.1% | · | 2.0% | -77.3% | · | |
| Net Margin | 21.8% | 2.4% | · | 2.3% | 5.1% | -2.1% | · | -3.5% | -15.9% | -3.5% | · | -6.0% | -116.9% | · | |
| Pretax Margin | 10.0% | 3.4% | · | 3.4% | 7.0% | -2.8% | · | -3.5% | -26.1% | -3.9% | · | -6.8% | -84.1% | · | |
| EBITDA Margin | 12.5% | 14.8% | · | 8.1% | 12.4% | 13.5% | · | 2.9% | -19.4% | 13.2% | · | 2.0% | -63.5% | · | |
| ROA | 4.9% | 0.46% | · | 0.43% | 1.0% | -0.35% | · | -0.61% | -2.9% | -0.54% | · | -0.66% | · | · | |
| ROE | 17.2% | 1.8% | · | 2.0% | 4.8% | -1.7% | · | -3.0% | -14.4% | -2.5% | · | -2.8% | · | · | |
| ROIC | 9.5% | 1.6% | · | 2.0% | 3.3% | 0.96% | · | 0.86% | -4.5% | 1.1% | · | 0.45% | · | · |
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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 1.7 | · | 1.7 | 1.5 | 1.4 | · | 1.4 | 1.3 | 1.5 | · | 1.6 | · | · | |
| Quick Ratio | 1.1 | 1.1 | · | 1.1 | 0.9 | 0.8 | · | 0.8 | 0.7 | 0.9 | · | 0.9 | · | · | |
| Debt / Equity | 1.1 | 1.4 | · | 1.9 | 2.1 | 2.3 | · | 2.6 | 2.5 | 2.3 | · | 2.2 | · | · | |
| LT Debt / Equity | 1.0 | 1.3 | · | 1.9 | 1.8 | 2.1 | · | 2.3 | 2.3 | 2.1 | · | 2.1 | · | · |
Efficiency 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.1 | · | · | |
| Inventory Turnover | 0.5 | 0.5 | · | 0.5 | 0.5 | 0.4 | · | 0.5 | 0.5 | 0.4 | · | 0.5 | · | · | |
| Receivables Turnover | 1.1 | 1.1 | · | 1.1 | 1.1 | 1.0 | · | 1.2 | 1.2 | 1.1 | · | 1.0 | · | · |
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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $572M | $542M | · | $549M | $562M | $544M | · | $540M | $539M | $506M | · | $506M | $505M | · | |
| Net Income TTM | $47M | $11M | · | $3M | $-26M | $-38M | · | $-43M | $-42M | $-155M | · | $-258M | $-266M | · | |
| P/E | 14.6 | 55.9 | · | 166.5 | -16.5 | -15.1 | · | -17.1 | -8.7 | -2.1 | · | -0.8 | -0.2 | · | |
| Earnings Yield | 6.9% | 1.8% | · | 0.60% | -6.1% | -6.6% | · | -5.8% | -11.5% | -48.1% | · | -126.7% | -401.9% | · |
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 | $568M | $573M | $512M | $512M | $431M |
| Gross Margin % | 68.3% | 67.7% | 64.1% | 64.6% | 70.2% |
| Operating Margin % | 9.5% | -2.1% | -16.0% | -49.0% | 2.8% |
| Net Income | $23M | $-36M | $-156M | $-159M | $19M |
| Diluted EPS | $0.33 | $-0.56 | $-2.49 | $-2.59 | $-0.15 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.6 | 2.3 | 2.3 | 1.3 | 0.8 |
| Current Ratio | 1.7 | 1.3 | 1.5 | 0.9 | 1.5 |
| Quick Ratio | 1.1 | 0.8 | 0.9 | 0.6 | 0.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $72M | $38M | $8M | $-24M | $16M |
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Institutional owners (13F) 173 filers · $461.5M 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.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 31 (+5 vs prior Q) | 20 (+5 vs prior Q) | 69 (+12 vs prior Q) | 36 (-7 vs prior Q) | +5.3M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Essex Woodlands Management, Inc. | $122,921,299 | 13,021,324 | 26.63% | Shares |
| Juniper Investment Company, LLC | $65,507,530 | 6,939,357 | 14.19% | Shares |
| Nantahala Capital Management, LLC | $56,642,634 | 6,000,279 | 12.27% | Shares |
| ROYCE & ASSOCIATES LP | $17,305,521 | 1,833,212 | 3.75% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $16,535,840 | 1,751,678 | 3.58% | Shares |
| AMERICAN CENTURY COMPANIES INC | $12,776,238 | 1,353,415 | 2.77% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $11,255,780 | 1,192,161 | 2.44% | Shares |
| STATE STREET CORP | $10,430,048 | 1,104,878 | 2.26% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $9,843,994 | 1,042,796 | 2.13% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $9,620,748 | 1,019,147 | 2.08% | Shares |
| Hillsdale Investment Management Inc. | $8,569,056 | 907,739 | 1.86% | Shares |
| Engine Capital Management, LP | $8,501,268 | 900,558 | 1.84% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $6,947,840 | 736,000 | 1.51% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $6,699,700 | 709,714 | 1.45% | Shares |
| Kent Lake PR LLC | $6,691,338 | 1,000,200 | 1.45% | Shares |
| GOLDMAN SACHS GROUP INC | $5,475,332 | 580,014 | 1.19% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $4,404,355 | 466,563 | 0.95% | Shares |
| FMR LLC | $4,271,676 | 452,508 | 0.93% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $3,820,916 | 404,758 | 0.83% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $3,699,149 | 391,859 | 0.80% | Shares |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | $3,489,713 | 369,673 | 0.76% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $3,094,791 | 327,838 | 0.67% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $2,994,444 | 317,208 | 0.65% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,881,277 | 305,220 | 0.62% | Shares |
| Knights of Columbus Asset Advisors LLC | $2,740,857 | 290,345 | 0.59% | Shares |
| Squarepoint Ops LLC | $2,541,880 | 269,267 | 0.55% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $2,362,624 | 250,278 | 0.51% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $2,207,871 | 241,826 | 0.48% | Shares |
| TWO SIGMA INVESTMENTS, LP | $2,177,100 | 230,625 | 0.47% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,921,153 | 203,512 | 0.42% | Shares |
| Anderson Financial Strategies, LLC | $1,846,572 | 172,900 | 0.40% | Shares |
| Point72 Asset Management, L.P. | $1,602,091 | 169,713 | 0.35% | Shares |
| GLOBEFLEX CAPITAL L P | $1,565,766 | 165,865 | 0.34% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $1,498,034 | 158,690 | 0.32% | Shares |
| FIFTH THIRD BANCORP | $1,461,557 | 154,826 | 0.32% | Shares |
| Mariner, LLC | $1,402,595 | 148,581 | 0.30% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,342,368 | 142,200 | 0.29% | Call option |
| WESBANCO BANK INC | $1,317,824 | 139,600 | 0.29% | Shares |
| Quantinno Capital Management LP | $1,298,142 | 137,515 | 0.28% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $1,250,924 | 132,513 | 0.27% | Shares |
| Trexquant Investment LP | $1,092,029 | 115,681 | 0.24% | Shares |
| Skopos Labs, Inc. | $1,061,080 | 116,219 | 0.23% | Shares |
| ALGERT GLOBAL LLC | $1,022,050 | 108,268 | 0.22% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $1,008,277 | 106,809 | 0.22% | Shares |
| Vanguard Global Advisers, LLC | $945,104 | 100,117 | 0.20% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $911,659 | 96,574 | 0.20% | Shares |
| Allspring Global Investments Holdings, LLC | $778,866 | 82,507 | 0.17% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $768,199 | 81,377 | 0.17% | Shares |
| TWO SIGMA ADVISERS, LP | $724,150 | 97,332 | 0.16% | Shares |
| Bank of New York Mellon Corp | $714,079 | 75,644 | 0.15% | Shares |
| DIKER MANAGEMENT LLC | $709,000 | 75,136 | 0.15% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $698,494 | 73,993 | 0.15% | Shares |
| COMERICA BANK | $654,720 | 88,000 | 0.14% | Shares |
| CITADEL ADVISORS LLC | $649,472 | 68,800 | 0.14% | Call option |
| Man Group plc | $609,720 | 64,589 | 0.13% | Shares |
| KESTRA PRIVATE WEALTH SERVICES, LLC | $603,641 | 63,945 | 0.13% | Shares |
| TUDOR INVESTMENT CORP ET AL | $576,944 | 61,117 | 0.13% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $565,456 | 59,900 | 0.12% | Shares |
| Buckley Capital Advisors, LLC | $556,016 | 58,900 | 0.12% | Shares |
| RHUMBLINE ADVISERS | $549,287 | 58,188 | 0.12% | Shares |
| Campbell & CO Investment Adviser LLC | $532,558 | 56,415 | 0.12% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $508,382 | 53,854 | 0.11% | Shares |
| VARCOV Co. | $505,427 | 53,541 | 0.11% | Shares |
| BARCLAYS PLC | $499,216 | 52,883 | 0.11% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $459,067 | 48,630 | 0.10% | Shares |
| D. E. Shaw & Co., Inc. | $446,550 | 47,304 | 0.10% | Shares |
| LPL Financial LLC | $430,058 | 45,557 | 0.09% | Shares |
| WELLS FARGO & COMPANY/MN | $415,020 | 43,964 | 0.09% | Shares |
| PDT Partners, LLC | $397,547 | 42,113 | 0.09% | Shares |
| BANK OF AMERICA CORP /DE/ | $354,255 | 37,527 | 0.08% | Shares |
| VANGUARD GROUP INC | $353,928 | 47,571 | 0.08% | Shares |
| State of Wyoming | $345,306 | 36,579 | 0.07% | Shares |
| CITIGROUP INC | $338,773 | 35,887 | 0.07% | Shares |
| SEIZERT CAPITAL PARTNERS, LLC | $329,390 | 34,893 | 0.07% | Shares |
| XTX Topco Ltd | $328,474 | 34,796 | 0.07% | Shares |
| ALLIANCEBERNSTEIN L.P. | $301,929 | 33,070 | 0.07% | Shares |
| Integrated Quantitative Investments LLC | $300,343 | 31,816 | 0.07% | Shares |
| MetLife Investment Management, LLC | $291,233 | 30,851 | 0.06% | Shares |
| STRS OHIO | $276,592 | 29,300 | 0.06% | Shares |
| FRANKLIN RESOURCES INC | $276,545 | 29,295 | 0.06% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $273,250 | 28,946 | 0.06% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $268,134 | 28,404 | 0.06% | Shares |
| ExodusPoint Capital Management, LP | $265,774 | 28,154 | 0.06% | Shares |
| CITADEL ADVISORS LLC | $251,104 | 26,600 | 0.05% | Put option |
| PRELUDE CAPITAL MANAGEMENT, LLC | $243,363 | 25,780 | 0.05% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $239,776 | 25,400 | 0.05% | Put option |
| BlackRock, Inc. | $211,692 | 22,425 | 0.05% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $209,511 | 22,194 | 0.05% | Shares |
| AlphaQuest LLC | $203,782 | 27,390 | 0.04% | Shares |
| Corient Private Wealth LP | $199,677 | 21,152 | 0.04% | Shares |
| JPMORGAN CHASE & CO | $195,395 | 19,979 | 0.04% | Shares |
| Aquatic Capital Management LLC | $188,479 | 19,966 | 0.04% | Shares |
| Invesco Ltd. | $180,644 | 19,136 | 0.04% | Shares |
| EntryPoint Capital, LLC | $167,390 | 17,732 | 0.04% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $167,012 | 17,692 | 0.04% | Shares |
| HighTower Advisors, LLC | $145,489 | 15,412 | 0.03% | Shares |
| One Wealth Advisors, LLC | $144,998 | 15,360 | 0.03% | Shares |
| Police & Firemen's Retirement System of New Jersey | $136,899 | 14,502 | 0.03% | Shares |
| SAWGRASS ASSET MANAGEMENT LLC | $136,502 | 14,460 | 0.03% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $130,178 | 13,790 | 0.03% | Shares |
Company insiders 19 insiders · 7 officers · 13 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kenneth Michael Reali | Chief Executive Officer | March 14, 2023 M | 30,085 | 0 | 0 | $0 |
| Mark Leonard Singleton | SVP & CFO | March 24, 2023 S | 12,581 | 0 | 0 | $0 |
| Gregory O. Anglum | SVP & CFO | Feb. 11, 2022 M | 55,013 | 0 | 0 | $0 |
| Katrina J Church | SVP & Chief Compliance Officer | April 10, 2026 M | 64,164 | 0 | 0 | $0 |
| Anthony D'Adamio | SVP & General Counsel | March 14, 2023 M | 45,610 | 0 | 0 | $0 |
| John Nosenzo | Chief Commercial Officer | April 1, 2022 M | 83,932 | 0 | 0 | $0 |
| Alessandra Pavesio | SVP & Chief Science Officer | April 1, 2022 M | 148,309 | 0 | 0 | $0 |
| John A. Bartholdson | Director | June 3, 2026 A | 111,902 | 0 | 0 | $0 |
| Guido J Neels | Director | June 3, 2026 A | 117,523 | 0 | 0 | $0 |
| Susan M Stalnecker | Director | June 3, 2026 A | 138,239 | 0 | 0 | $0 |
| Guy P Nohra | Director | June 3, 2026 A | 148,892 | 0 | 1 | $-75,700 |
| William A Hawkins | Director | June 3, 2026 A | 297,640 | 0 | 0 | $0 |
| Martin P Sutter | Director | June 3, 2026 A | 117,523 | 0 | 0 | $0 |
| Michelle Mcmurry-Heath | Director | June 2, 2026 A | 77,279 | 0 | 0 | $0 |
| Mary Kay Ladone | Director | June 2, 2026 A | 111,263 | 0 | 0 | $0 |
| Philip G. Cowdy | Director | June 2, 2026 A | 43,982 | 0 | 0 | $0 |
| Pat Beyer | Director | June 2, 2026 A | 108,718 | 0 | 0 | $0 |
| Stavros G. Vizirgianakis | Director | June 17, 2022 A | 2,781,888 | 0 | 0 | $0 |
| David J Parker | Director | April 1, 2021 A | — | 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 |
|---|---|---|---|---|---|
| Juniper Targeted Opportunity Fund, L.P., Juniper HF Investors II, LLC, Juniper Targeted Opportunities, L.P., Juniper Targeted Opportunity Investors, LLC, Juniper Investment Company, LLC, Alexis P. Michas, John A. Bartholdson, Juniper Multi-Strategy Fund, L.P., Juniper HF Investors, LLC ×4 filings | June 16, 2023 | — | 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 43 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 |
|---|---|---|---|---|
| SVAL · iShares Trust | 0.53% | 79,772 SH | Aug. 8, 2026 | Daily |
| HAPS · Harbor ETF Trust | 0.16% | 26,165 NS | April 30, 2026 | N-PORT |
| VFMF · VANGUARD WELLINGTON FUND | 0.16% | 115,937 SH | Aug. 8, 2026 | Daily |
| IWC · iShares Trust | 0.15% | 163,215 SH | Aug. 8, 2026 | Daily |
| ISCF · iShares Trust | 0.05% | 184,293 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.04% | 441,611 SH | Aug. 8, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.04% | 32,770 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.03% | 51,764 SH | Aug. 8, 2026 | Daily |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.03% | 920,797 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.02% | 1,227,653 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.02% | 63,611 NS | May 31, 2026 | N-PORT |
| SCZ · iShares Trust | 0.02% | 1,096,828 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.02% | 222,584 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 20,330 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 548,404 SH | Aug. 8, 2026 | Daily |
| VSS · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 1,120,439 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 277,411 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.01% | 119,997 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 2,188 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.01% | 7,333 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 227,406 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 24,150 SH | Aug. 8, 2026 | Daily |
| IPAC · iShares Trust | 0.01% | 93,932 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 1,716 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 2,043 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 1,735 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 5,744 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 27,375 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 44 NS | May 31, 2026 | N-PORT |
| IEFA · iShares Trust | 0.00% | 1,660,131 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,304 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 51,448 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 14,886 SH | Aug. 8, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.00% | 6,871 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 20,431 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 4,210 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,163,677 SH | Aug. 8, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | 0.00% | 4,214,349 SH | Aug. 8, 2026 | Daily |
| VPL · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 309,396 SH | Aug. 8, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 220,350 SH | Aug. 8, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | 0.00% | 2,839,958 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,021 SH | Aug. 8, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | 0.00% | 53,055 SH | Aug. 8, 2026 | Daily |