BWMN Bowman Consulting Group Ltd. - Common Stock
$42.52
Price · Aug 19, 2026
Fundamentals as of Aug 10, 2026
52W Range
$25–$46
84% of range
Analyst Rating
BUY
13 analysts
Price Target
$42
P/E (TTM)
75.5
ROE
5.0%
Net Profit Margin
2.6%
BWMN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$42.52
Market Cap
$947M
P/E (TTM)
75.5
EPS (TTM)
$0.73
Revenue (TTM)
$490M
Div Yield
—
ROE
5.0%
Debt/Equity
0.1
52W Range
$25 – $46
BWMN 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
$490M
2020-12-31
→
2025-12-31
EPS
$0.73
2020-12-31
→
2025-12-31
Free Cash Flow
$33M
2021-12-31
→
2025-12-31
Margins
2.6%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
BWMN
Peer Median
P/E (TTM)
75.5
43.8
P/S (TTM)
1.9
0.9
P/B
3.6
2.2
EV / EBITDA
26.0
—
Price / FCF
28.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
BWMN
Peer Median
Operating Margin
4.0%
—
Net Profit Margin
2.6%
1.9%
ROA
2.4%
0.80%
ROE
5.0%
3.0%
ROIC
8.0%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
BWMN
Peer Median
Debt / Equity
0.1
0.0
Current Ratio
1.0
1.5
Quick Ratio
0.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
BWMN
Peer Median
Revenue YoY
14.9%
—
Revenue CAGR 3Y
23.2%
—
Revenue CAGR 5Y
32.1%
—
EPS YoY
329.4%
—
Net Income YoY
323.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
BWMN
Peer Median
BWMN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 4 30.8%
- Buy 7 53.8%
- Hold 2 15.4%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-17
Median
$43.00
Mean
$42.40
Now
$42.52
Low
$40.00
High
$43.00
Median target
$43.00
+1.1%
Mean target
$42.40
-0.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.62 | $0.33 | 0.29% |
| March 31, 2026 | $-0.22 | $0.09 | -0.31% |
| Dec. 31, 2025 | $0.11 | $0.27 | -0.16% |
| Sept. 30, 2025 | $0.37 | $0.35 | 0.02% |
| June 30, 2025 | $0.34 | $0.07 | 0.27% |
| March 31, 2025 | $-0.11 | $0.04 | -0.15% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| BWMN | $568M | 45.2 | 14.9% | 2.6% | 5.0% | — |
| CTRI | $2.61B | 103.8 | 13.1% | 0.75% | 3.1% | 8.3% |
| CDNL | — | — | 44.7% | 5.0% | 27.9% | — |
| AMRC | — | 35.7 | 28.8% | — | — | — |
| NWPX | $599M | 17.6 | 6.8% | 6.7% | 9.2% | 19.7% |
| ITG | — | — | — | — | — | — |
| IMSR | — | — | — | — | — | — |
| LMB | $905M | 24.1 | 24.7% | 6.0% | 21.3% | 26.2% |
| BBCP | $328M | 71.0 | -7.8% | 1.6% | 2.4% | 38.5% |
| AIAI | — | — | — | — | — | — |
| ORN | $397M | 165.7 | 7.0% | 0.29% | 1.6% | 12.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $490M | $427M | $346M | $262M | $150M | $122M | |
| Cost of Revenue | $228M | $204M | $170M | $127M | $75M | $67M | |
| SG&A Expense | $215M | $197M | $158M | $118M | $69M | $51M | |
| Operating Expenses | $242M | $225M | $177M | $130M | $75M | $54M | |
| Operating Income | $20M | $-2M | $-656.0K | $5M | $160.0K | $2M | |
| Other Non-op | $-9M | $-7M | $-6M | $-3M | $-1M | $110.0K | |
| Pretax Income | $11M | $-9M | $-6M | $2M | $-1M | $2M | |
| Income Tax | $-2M | $-12M | $177.0K | $-3M | $-2M | $989.0K | |
| Net Income | $13M | $3M | $-7M | $5M | $299.0K | $990.0K | |
| EPS (Basic) | $0.74 | $0.18 | $-0.53 | $0.39 | $0.03 | $0.17 | |
| EPS (Diluted) | $0.73 | $0.17 | $-0.53 | $0.37 | $0.03 | $0.17 | |
| Shares (Basic) | 16,414,804 | 15,754,344 | 12,490,914 | 10,887,620 | 7,525,206 | 5,399,356 | |
| Shares (Diluted) | 16,747,198 | 16,132,023 | 12,490,914 | 11,683,758 | 7,635,615 | 5,412,218 | |
| EBITDA | $37M | $12M | · | $13M | $6M | · |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $11M | $7M | $21M | $13M | $21M | $386.0K | |
| Receivables | $131M | $105M | $88M | $64M | $38M | $24M | |
| Prepaid Expense | $18M | $20M | $12M | $7M | $5M | $2M | |
| Current Assets | $213M | $177M | $155M | $102M | $74M | $35M | |
| PP&E (Net) | $15M | $16M | $8M | $7M | $5M | $15M | |
| PP&E (Gross) | $37M | $35M | $23M | $19M | $16M | · | |
| Accum. Depreciation | $22M | $19M | $15M | $12M | $11M | · | |
| Goodwill | $174M | $135M | $96M | $53M | $28M | $9M | |
| Intangibles | $89M | $65M | $46M | $28M | $12M | $1M | |
| Other Non-current Assets | $2M | $2M | $1M | $1M | $681.0K | $669.0K | |
| Total Assets | $580M | $506M | $403M | $256M | $138M | $64M | |
| Accounts Payable | $60M | $52M | $44M | $40M | $18M | $12M | |
| Short-term Debt | $23M | $17M | $14M | $10M | $4M | $2M | |
| Current Liabilities | $215M | $135M | $127M | $69M | $33M | $23M | |
| Capital Leases | $40M | $37M | $38M | $28M | $10M | $8M | |
| Deferred Tax | $279.0K | · | · | $0 | $4M | $6M | |
| Other Non-current Liabilities | $377.0K | $45M | $42M | $356.0K | $0 | $1M | |
| Total Liabilities | $319M | $260M | $240M | $133M | $60M | $47M | |
| Long-term Debt | $58M | $38M | $29M | $27M | $13M | · | |
| Total Debt | $23M | $17M | · | $10M | $4M | · | |
| Common Stock | $220.0K | $213.0K | $177.0K | $159.0K | $137.0K | $2.0K | |
| Retained Earnings | $-11M | $-23M | $-26M | $-20M | $-25M | $-25M | |
| Treasury Stock | $85M | $61M | $26M | $21M | $17M | $16M | |
| AOCI | $895.0K | $1M | $590.0K | $578.0K | $0 | · | |
| Stockholders' Equity | $261M | $246M | $163M | $123M | $78M | $17M | |
| Liabilities + Equity | $580M | $506M | $403M | $256M | $138M | $64M | |
| Shares Outstanding | 17,194,091 | 21,281,247 | 17,694,495 | 15,949,805 | 13,690,868 | 7,840,244 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $17M | $14M | $10M | $8M | $6M | $2M | |
| Stock-based Comp | $19M | $26M | $25M | $15M | $8M | $5M | |
| Deferred Tax | $36M | $-20M | $-26M | $-18M | $-2M | $326.0K | |
| Amort. of Intangibles | $10M | $14M | $9M | $4M | $397.0K | $241.0K | |
| Other Non-cash | $-49M | $742.0K | · | $-2M | $-8M | · | |
| Operating Cash Flow | $36M | $24M | $12M | $9M | $5M | $11M | |
| CapEx | $2M | $626.0K | $2M | $902.0K | $905.0K | $924.0K | |
| Investing Cash Flow | $-36M | $-27M | $-27M | $-19M | $-22M | $-2M | |
| Stock Issued | $2M | $2M | $2M | $1M | $555.0K | $63.0K | |
| Stock Repurchased | $19M | $23M | $745.0K | $0 | $582.0K | $1M | |
| Net Stock Activity | $-17M | $-21M | · | $-2M | $-27.0K | · | |
| Financing Cash Flow | $4M | $-11M | $23M | $2M | $37M | $-8M | |
| Net Change in Cash | $4M | $-14M | $7M | $-7M | $20M | $-123.0K | |
| Taxes Paid | $702.0K | $8M | · | · | · | · | |
| Free Cash Flow | $33M | $24M | · | $8M | $4M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Operating Margin | 4.0% | -0.47% | · | 2.0% | 0.11% | · | |
| Net Margin | 2.6% | 0.71% | · | 1.9% | 0.20% | · | |
| Pretax Margin | 2.3% | -2.1% | · | 0.66% | -0.85% | · | |
| EBITDA Margin | 7.5% | 2.9% | · | 5.1% | 4.1% | · | |
| ROA | 2.4% | 0.67% | · | 2.5% | 0.30% | · | |
| ROE | 5.0% | 1.2% | · | 4.2% | 0.40% | · | |
| ROIC | 8.0% | 0.26% | · | 11.1% | -0.05% | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.3 | · | 1.5 | 2.3 | · | |
| Quick Ratio | 0.7 | 0.8 | · | 1.1 | 1.8 | · | |
| Debt / Equity | 0.1 | 0.1 | · | 0.1 | 0.1 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | 0.9 | · | 1.3 | 1.5 | · | |
| Receivables Turnover | 4.2 | 4.4 | · | 5.1 | 4.8 | · |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | 14.9% | 23.2% | 32.3% | 74.5% | 22.9% | · | |
| Revenue CAGR 3Y | 23.2% | 41.7% | 41.6% | · | · | · | |
| Revenue CAGR 5Y | 32.1% | · | · | · | · | · | |
| EPS YoY | 329.4% | · | · | 1133.3% | -82.3% | · | |
| EPS CAGR 3Y | 25.4% | 78.3% | · | · | · | · | |
| EPS CAGR 5Y | 33.8% | · | · | · | · | · | |
| Net Income YoY | 323.5% | · | · | 1573.9% | -69.8% | · | |
| Net Income CAGR 3Y | 36.9% | 116.5% | · | · | · | · | |
| Net Income CAGR 5Y | 67.0% | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $490M | $427M | $346M | $262M | $150M | · | |
| Net Income TTM | $13M | $3M | $-7M | $5M | $299.0K | · | |
| Market Cap | $568M | $434M | · | $296M | $244M | · | |
| Enterprise Value | $579M | $444M | · | $293M | $228M | · | |
| P/E | 45.2 | 146.8 | -67.0 | 59.1 | 708.2 | · | |
| P/S | 1.2 | 1.0 | · | 1.1 | 1.6 | · | |
| P/B | 2.2 | 1.8 | · | 2.4 | 3.1 | · | |
| P / Tangible Book | · | 9.4 | 26.0 | 7.1 | 6.5 | · | |
| P / Cash Flow | 15.8 | 17.8 | · | 32.3 | 51.7 | · | |
| P / FCF | 17.0 | 18.3 | · | 35.8 | 64.0 | · | |
| EV / EBITDA | 15.7 | 35.6 | · | 21.7 | 37.2 | · | |
| EV / FCF | 17.3 | 18.8 | · | 35.4 | 59.8 | · | |
| EV / Revenue | 1.2 | 1.0 | · | 1.1 | 1.5 | · | |
| Earnings Yield | 2.2% | 0.68% | -1.5% | 1.7% | 0.14% | · |
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 | $146M | $126M | $129M | $126M | $122M | $113M | $113M | $114M | $105M | $95M | $93M | $94M | $83M | $76M | $76M | $71M | |
| Cost of Revenue | $68M | $61M | $58M | $59M | $57M | $55M | $53M | $54M | $50M | $47M | $46M | $46M | $41M | $37M | $36M | $34M | |
| SG&A Expense | $62M | $58M | $60M | $55M | $50M | $50M | $52M | $52M | $49M | $45M | $45M | $42M | $38M | $34M | $35M | $32M | |
| Operating Expenses | $70M | $66M | $67M | $62M | $57M | $57M | $59M | $59M | $56M | $51M | $51M | $46M | $43M | $37M | $39M | $35M | |
| Operating Income | $8M | $104.0K | $4M | $5M | $9M | $1M | $1M | $433.0K | $-1M | $-3M | $-4M | $3M | $-1M | $2M | $579.0K | $2M | |
| Other Non-op | $-6M | $-3M | $-3M | $-2M | $-2M | $-2M | $-946.0K | $-2M | $-2M | $-2M | $-2M | $-1M | $-1M | $-1M | $-1M | $-595.0K | |
| Pretax Income | $2M | $-3M | $1M | $3M | $7M | $-975.0K | $466.0K | $-1M | $-3M | $-5M | $-6M | $1M | $-2M | $324.0K | $-718.0K | $2M | |
| Income Tax | $-159.0K | $405.0K | $-515.0K | $-3M | $1M | $769.0K | $-5M | $-2M | $-1M | $-3M | $2M | $-62.0K | $-2M | $-213.0K | $-1M | $-2M | |
| Net Income | $2M | $-4M | $2M | $7M | $6M | $-2M | $6M | $771.0K | $-2M | $-2M | $-8M | $1M | $-634.0K | $537.0K | $471.0K | $3M | |
| EPS (Basic) | $0.15 | $-0.22 | $0.12 | $0.38 | $0.35 | $-0.11 | $0.38 | $0.04 | $-0.13 | $-0.11 | $-0.60 | $0.08 | $-0.05 | $0.04 | $0.04 | $0.26 | |
| EPS (Diluted) | $0.14 | $-0.22 | $0.13 | $0.37 | $0.34 | $-0.11 | $0.37 | $0.04 | $-0.13 | $-0.11 | $-0.60 | $0.08 | $-0.05 | $0.04 | $0.03 | $0.25 | |
| Shares (Basic) | 16,433,556 | 16,453,401 | -32,744,636 | 16,471,145 | 16,331,964 | 16,356,331 | -30,912,782 | 16,537,472 | 16,301,926 | 13,827,728 | -24,400,538 | 12,814,971 | 12,276,173 | 11,800,308 | -21,104,893 | 11,304,946 | |
| Shares (Diluted) | 16,604,374 | 16,453,401 | -33,084,044 | 16,891,877 | 16,583,034 | 16,356,331 | -30,832,968 | 16,835,337 | 16,301,926 | 13,827,728 | -26,247,960 | 13,793,120 | 12,276,173 | 12,669,581 | -20,889,619 | 11,768,411 | |
| EBITDA | $8M | $5M | · | $5M | $9M | $5M | · | $433.0K | $-1M | $46.0K | · | $3M | $-1M | $4M | · | $2M |
Balance Sheet 27
| 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 | $10M | $12M | $11M | $16M | $16M | $11M | $7M | $12M | $23M | $12M | $21M | $14M | $10M | $14M | $13M | $24M | |
| Receivables | $140M | $134M | $131M | $123M | $113M | $107M | $105M | $105M | $99M | $96M | $88M | $85M | $82M | $67M | $64M | $62M | |
| Prepaid Expense | $17M | $18M | $18M | $20M | $14M | $19M | $20M | $11M | $10M | $17M | $12M | $16M | $12M | $8M | $7M | $10M | |
| Current Assets | $236M | $222M | $213M | $217M | $197M | $189M | $177M | $173M | $175M | $163M | $155M | $145M | $130M | $110M | $102M | $108M | |
| PP&E (Net) | $24M | $17M | $15M | $14M | $15M | $16M | $16M | $17M | $18M | · | $8M | · | · | · | $7M | $23M | |
| PP&E (Gross) | $48M | $39M | $37M | $36M | $36M | $36M | $35M | $35M | · | · | $23M | · | · | · | $19M | · | |
| Accum. Depreciation | $24M | $23M | $22M | $21M | $20M | $20M | $19M | $17M | · | · | $15M | · | · | · | $12M | · | |
| Goodwill | $175M | $174M | $174M | $137M | $136M | $136M | $135M | $134M | $124M | $103M | $96M | $76M | $77M | $53M | $53M | $55M | |
| Intangibles | $83M | $86M | $89M | $61M | $61M | $64M | $65M | $60M | $56M | $46M | $46M | $38M | $40M | $27M | $28M | $16M | |
| Other Non-current Assets | $2M | $2M | $2M | $1M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $809.0K | |
| Total Assets | $620M | $590M | $580M | $510M | $538M | $529M | $506M | $497M | $463M | $421M | $403M | $354M | $338M | $268M | $256M | $205M | |
| Accounts Payable | $60M | $68M | $60M | $56M | $43M | $55M | $52M | $44M | $69M | $49M | $44M | $43M | $33M | $31M | $40M | $29M | |
| Short-term Debt | $22M | $21M | $23M | $14M | $15M | $17M | $17M | $15M | $15M | $14M | $14M | $10M | $12M | $9M | $10M | $10M | |
| Current Liabilities | $261M | $238M | $215M | $167M | $156M | $151M | $135M | $121M | $139M | $135M | $127M | $99M | $91M | $60M | $69M | $54M | |
| Capital Leases | $40M | $40M | $40M | $39M | $37M | $38M | $37M | $37M | $36M | $37M | $38M | $36M | $37M | $29M | $28M | $10M | |
| Deferred Tax | $279.0K | $279.0K | · | · | · | · | · | · | · | · | · | · | · | · | · | $3M | |
| Other Non-current Liabilities | $359.0K | $395.0K | $377.0K | $2M | $56M | $56M | $45M | $52M | $5M | $50M | $42M | $32M | $29M | $18M | $356.0K | $522.0K | |
| Total Liabilities | $364M | $339M | $319M | $248M | $289M | $285M | $260M | $254M | $228M | $253M | $240M | $200M | $192M | $141M | $133M | $88M | |
| Long-term Debt | $45M | $51M | $58M | $30M | $32M | $36M | · | $36M | $39M | $27M | · | $24M | $30M | $24M | · | · | |
| Total Debt | $22M | $21M | · | $14M | $15M | $17M | · | $15M | $15M | $14M | · | $10M | $12M | $9M | · | $10M | |
| Common Stock | $225.0K | $223.0K | $220.0K | $218.0K | $217.0K | $215.0K | $213.0K | $212.0K | $206.0K | $182.0K | $177.0K | $171.0K | $171.0K | $160.0K | $159.0K | $157.0K | |
| Retained Earnings | $-12M | $-14M | $-11M | $-13M | $-19M | $-25M | $-23M | $-29M | $-30M | $-28M | $-26M | $-19M | $-20M | $-19M | $-20M | $-20M | |
| Treasury Stock | $99M | $96M | $85M | $75M | $74M | $68M | $61M | $51M | $39M | $32M | $26M | $24M | $24M | $21M | $21M | $20M | |
| AOCI | $842.0K | $869.0K | $895.0K | $1M | $1M | $1M | $1M | $559.0K | $569.0K | $579.0K | $590.0K | $546.0K | $557.0K | $568.0K | $578.0K | · | |
| Stockholders' Equity | $256M | $251M | $261M | $262M | $250M | $244M | $246M | $243M | $236M | $167M | $163M | $154M | $146M | $127M | $123M | $117M | |
| Liabilities + Equity | $620M | $590M | $580M | $510M | $538M | $529M | $506M | $497M | $463M | $421M | $403M | $354M | $338M | $268M | $256M | $205M | |
| Shares Outstanding | 17,232,626 | 17,153,424 | 17,194,091 | 17,354,202 | 17,240,980 | 17,337,090 | 17,382,138 | 17,738,740 | 17,599,049 | 15,428,519 | 15,094,278 | 14,634,602 | 14,600,293 | 13,593,846 | 13,556,550 | 13,384,491 |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $5M | $5M | $5M | $5M | $4M | $4M | $5M | $4M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | |
| Stock-based Comp | $5M | $4M | $5M | $4M | $3M | $7M | $5M | $6M | $6M | $8M | $6M | $7M | $7M | $4M | $4M | $4M | |
| Amort. of Intangibles | $3M | $3M | $3M | $2M | $2M | $3M | $3M | $4M | $4M | $3M | $3M | $2M | $2M | $1M | $2M | $700.0K | |
| Other Non-cash | · | $6M | · | · | · | $3M | · | · | · | $-6M | · | · | · | $-818.0K | · | · | |
| Operating Cash Flow | $-8M | $12M | $9M | $10M | $4M | $12M | $12M | $7M | $3M | $3M | $-549.0K | $10M | $-4M | $6M | $-3M | $8M | |
| CapEx | $7M | $2M | $1M | $57.0K | $76.0K | $1M | $-193.0K | $219.0K | $338.0K | $262.0K | $12.0K | $1M | $96.0K | $536.0K | $1.0K | $533.0K | |
| Investing Cash Flow | $-8M | $-2M | $-34M | $410.0K | $-93.0K | $-2M | $-4M | $-3M | $-18M | $-3M | $-10M | $-1M | $-15M | $-398.0K | $-4M | $-7M | |
| Stock Issued | $510.0K | $476.0K | $454.0K | $432.0K | $429.0K | $484.0K | $496.0K | $506.0K | $474.0K | $473.0K | $399.0K | $400.0K | $387.0K | $390.0K | $450.0K | $414.0K | |
| Stock Repurchased | $3M | $9M | $9M | $0 | $5M | $4M | $9M | $12M | $-4M | $0 | $745.0K | $-4M | $-667.0K | $667.0K | $-2M | $0 | |
| Net Stock Activity | · | $-9M | · | · | · | $-4M | · | · | · | $-5M | · | · | · | $-277.0K | · | · | |
| Financing Cash Flow | $15M | $-9M | $20M | $-10M | $674.0K | $-6M | $-13M | $-15M | $26M | $-9M | $17M | $-4M | $15M | $-5M | $-4M | $-3M | |
| Net Change in Cash | $-2M | $981.0K | $-5M | $681.0K | $5M | $4M | $-5M | $-11M | $11M | $-9M | $6M | $5M | $-5M | $1M | $-11M | $-2M | |
| Taxes Paid | $2M | $-102.0K | · | · | $671.0K | $10.0K | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | $10M | · | · | · | $11M | · | · | · | $2M | · | · | · | $6M | · | · |
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 | 5.6% | 0.08% | · | 4.2% | 7.4% | 1.0% | · | 0.38% | -1.2% | -2.8% | · | 2.8% | -1.4% | 2.0% | · | 3.1% | |
| Net Margin | 1.7% | -2.9% | · | 5.2% | 4.9% | -1.5% | · | 0.68% | -2.0% | -1.6% | · | 1.2% | -0.77% | 0.71% | · | 4.8% | |
| Pretax Margin | 1.6% | -2.6% | · | 2.6% | 6.1% | -0.86% | · | -1.0% | -3.1% | -5.3% | · | 1.2% | -2.7% | 0.43% | · | 2.3% | |
| EBITDA Margin | 5.6% | 4.1% | · | 4.2% | 7.4% | 4.5% | · | 0.38% | -1.2% | 0.05% | · | 2.8% | -1.4% | 4.9% | · | 3.1% | |
| ROA | 0.43% | -0.66% | · | 1.3% | 1.2% | -0.37% | · | 0.18% | -0.52% | -0.45% | · | 0.42% | -0.24% | 0.25% | · | 2.1% | |
| ROE | 0.99% | -1.5% | · | 2.6% | 2.5% | -0.85% | · | 0.39% | -1.1% | -1.1% | · | 0.87% | -0.50% | 0.48% | · | 3.6% | |
| ROIC | 3.1% | 0.04% | · | 3.9% | 2.8% | 0.78% | · | -0.11% | -0.31% | -0.45% | · | 1.7% | -0.20% | 1.9% | · | 3.7% |
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 | 0.9 | 0.9 | · | 1.3 | 1.3 | 1.3 | · | 1.4 | 1.3 | 1.2 | · | 1.5 | 1.4 | 1.8 | · | 2.0 | |
| Quick Ratio | 0.6 | 0.6 | · | 0.8 | 0.8 | 0.8 | · | 1.0 | 0.9 | 0.8 | · | 1.0 | 1.0 | 1.4 | · | 1.6 | |
| Debt / Equity | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 |
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 | 0.3 | 0.2 | · | 0.3 | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.4 | · | 0.4 | |
| Receivables Turnover | 1.2 | 1.0 | · | 1.1 | 1.1 | 1.1 | · | 1.2 | 1.2 | 1.2 | · | 1.3 | 1.2 | 1.4 | · | 1.5 |
Valuation (TTM) 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 TTM | $521M | $488M | · | $475M | $453M | $426M | · | $408M | $377M | $348M | · | $325M | $292M | $262M | · | $226M | |
| Net Income TTM | $11M | $7M | · | $12M | $3M | $-5M | · | $-2M | $-3M | $-472.0K | · | $4M | $3M | $5M | · | $5M | |
| Market Cap | $503M | $488M | · | $735M | $496M | $378M | · | $427M | $559M | $537M | · | $410M | $465M | $390M | · | $195M | |
| Enterprise Value | $515M | $497M | · | $733M | $495M | $384M | · | $431M | $551M | $539M | · | $406M | $468M | $385M | · | $181M | |
| P/E | 46.3 | 74.8 | · | 66.2 | 205.4 | -70.4 | · | -200.7 | -151.4 | -869.8 | · | 87.6 | 151.8 | 75.6 | · | 39.5 | |
| P/S | 1.0 | 1.0 | · | 1.5 | 1.1 | 0.9 | · | 1.0 | 1.5 | 1.5 | · | 1.3 | 1.6 | 1.5 | · | 0.9 | |
| P/B | 2.0 | 1.9 | · | 2.8 | 2.0 | 1.6 | · | 1.8 | 2.4 | 3.2 | · | 2.7 | 3.2 | 3.1 | · | 1.7 | |
| P / Tangible Book | · | · | · | 11.5 | 9.5 | 8.5 | · | 8.6 | 10.0 | 28.0 | · | 10.2 | 16.2 | 8.2 | · | 4.3 | |
| P / Cash Flow | · | 42.1 | · | · | · | 31.4 | · | · | · | 213.1 | · | · | · | 62.2 | · | · | |
| P / FCF | · | 50.6 | · | · | · | 34.4 | · | · | · | 237.8 | · | · | · | 68.0 | · | · | |
| EV / EBITDA | 63.3 | 95.2 | · | 138.5 | 54.8 | 76.3 | · | 994.5 | -446.6 | 11712.1 | · | 155.2 | -419.5 | 103.2 | · | 81.8 | |
| EV / FCF | · | 51.5 | · | · | · | 35.0 | · | · | · | 238.7 | · | · | · | 67.1 | · | · | |
| EV / Revenue | 1.0 | 1.0 | · | 1.5 | 1.1 | 0.9 | · | 1.1 | 1.5 | 1.5 | · | 1.3 | 1.6 | 1.5 | · | 0.8 | |
| Earnings Yield | 2.2% | 1.3% | · | 1.5% | 0.49% | -1.4% | · | -0.50% | -0.66% | -0.11% | · | 1.1% | 0.66% | 1.3% | · | 2.5% |
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 | $490M | $427M | $346M | $262M | $150M |
| Operating Margin % | 4.0% | -0.47% | — | 2.0% | 0.11% |
| Net Income | $13M | $3M | $-7M | $5M | $299.0K |
| Diluted EPS | $0.73 | $0.17 | $-0.53 | $0.37 | $0.03 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.1 | 0.1 | — | 0.1 | 0.1 |
| Current Ratio | 1.0 | 1.3 | — | 1.5 | 2.3 |
| Quick Ratio | 0.7 | 0.8 | — | 1.1 | 1.8 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $33M | $24M | — | $8M | $4M |
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 153 filers · $272.7M 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 (-2 vs prior Q) | 17 (-1 vs prior Q) | 50 (+9 vs prior Q) | 36 (+1 vs prior Q) | +1.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| FMR LLC | $36,708,196 | 1,257,130 | 13.46% | Shares |
| VANGUARD GROUP INC | $24,281,356 | 735,353 | 8.91% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $18,537,211 | 634,836 | 6.80% | Shares |
| Swedbank AB | $12,556,000 | 430,000 | 4.61% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $11,070,187 | 379,116 | 4.06% | Shares |
| Mill Road Capital Management LLC | $9,749,062 | 333,872 | 3.58% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $9,359,919 | 320,449 | 3.43% | Shares |
| STATE STREET CORP | $8,483,972 | 290,547 | 3.11% | Shares |
| Pacific Ridge Capital Partners, LLC | $8,087,320 | 276,963 | 2.97% | Shares |
| ROYCE & ASSOCIATES LP | $7,731,985 | 264,794 | 2.84% | Shares |
| Polar Asset Management Partners Inc. | $7,209,976 | 246,917 | 2.64% | Shares |
| Summit Creek Advisors LLC | $6,431,417 | 220,254 | 2.36% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,139,200 | 176,000 | 1.88% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,517,240 | 154,700 | 1.66% | Put option |
| Roubaix Capital, LLC | $3,911,311 | 133,949 | 1.43% | Shares |
| AMERIPRISE FINANCIAL INC | $3,899,982 | 133,561 | 1.43% | Shares |
| CITADEL ADVISORS LLC | $3,838,486 | 131,455 | 1.41% | Shares |
| JANE STREET GROUP, LLC | $3,720,080 | 127,400 | 1.36% | Put option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,655,022 | 125,172 | 1.34% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $3,531,185 | 120,931 | 1.30% | Shares |
| CITADEL ADVISORS LLC | $3,235,360 | 110,800 | 1.19% | Put option |
| JANE STREET GROUP, LLC | $3,098,178 | 106,102 | 1.14% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $3,053,882 | 104,585 | 1.12% | Shares |
| CenterBook Partners LP | $3,043,078 | 104,215 | 1.12% | Shares |
| Caption Management, LLC | $2,920,000 | 100,000 | 1.07% | Call option |
| RENAISSANCE TECHNOLOGIES LLC | $2,917,781 | 99,924 | 1.07% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $2,790,732 | 95,573 | 1.02% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $2,591,938 | 88,765 | 0.95% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $2,481,971 | 84,999 | 0.91% | Shares |
| Squarepoint Ops LLC | $2,297,660 | 78,687 | 0.84% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $2,216,776 | 75,917 | 0.81% | Shares |
| D. E. Shaw & Co., Inc. | $1,947,231 | 66,686 | 0.71% | Shares |
| Conestoga Capital Advisors, LLC | $1,935,960 | 66,300 | 0.71% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $1,796,851 | 61,536 | 0.66% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,782,280 | 61,037 | 0.65% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,683,526 | 57,655 | 0.62% | Shares |
| Cetera Investment Advisers | $1,682,008 | 57,603 | 0.62% | Shares |
| MARSHALL WACE, LLP | $1,619,460 | 55,461 | 0.59% | Shares |
| Qube Research & Technologies Ltd | $1,583,750 | 54,238 | 0.58% | Shares |
| Trexquant Investment LP | $1,549,936 | 53,080 | 0.57% | Shares |
| Asset Management One Co., Ltd. | $1,533,627 | 53,925 | 0.56% | Shares |
| Pembroke Management, LTD | $1,501,201 | 51,411 | 0.55% | Shares |
| Caption Management, LLC | $1,460,000 | 50,000 | 0.54% | Put option |
| MILLENNIUM MANAGEMENT LLC | $1,425,515 | 48,819 | 0.52% | Shares |
| GOLDMAN SACHS GROUP INC | $1,290,494 | 44,195 | 0.47% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $1,125,105 | 38,531 | 0.41% | Shares |
| NOVARE CAPITAL MANAGEMENT LLC | $951,920 | 32,600 | 0.35% | Shares |
| FEDERATED HERMES, INC. | $949,321 | 32,511 | 0.35% | Shares |
| North Star Investment Management Corp. | $934,400 | 32,000 | 0.34% | Shares |
| XTX Topco Ltd | $916,559 | 31,389 | 0.34% | Shares |
| CITADEL ADVISORS LLC | $870,160 | 29,800 | 0.32% | Call option |
| KEYVANTAGE WEALTH, LLC | $819,381 | 28,061 | 0.30% | Shares |
| Boston Partners | $812,050 | 27,810 | 0.30% | Shares |
| JANE STREET GROUP, LLC | $803,000 | 27,500 | 0.29% | Call option |
| Grandeur Peak Global Advisors, LLC | $798,649 | 27,351 | 0.29% | Shares |
| WHITE PINE CAPITAL LLC | $792,488 | 27,140 | 0.29% | Shares |
| PERRITT CAPITAL MANAGEMENT INC | $782,244 | 23,690 | 0.29% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $781,246 | 26,755 | 0.29% | Shares |
| ExodusPoint Capital Management, LP | $768,602 | 26,322 | 0.28% | Shares |
| Cubist Systematic Strategies, LLC | $745,603 | 17,602 | 0.27% | Shares |
| IMC-Chicago, LLC | $742,702 | 25,435 | 0.27% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $739,840 | 25,337 | 0.27% | Shares |
| Brookwood Investment Group LLC | $734,380 | 25,150 | 0.27% | Shares |
| STRS OHIO | $645,320 | 22,100 | 0.24% | Shares |
| EMERALD ADVISERS, LLC | $589,782 | 20,198 | 0.22% | Shares |
| Skylands Capital, LLC | $521,658 | 17,865 | 0.19% | Shares |
| RHUMBLINE ADVISERS | $514,963 | 17,636 | 0.19% | Shares |
| Quantinno Capital Management LP | $503,058 | 17,228 | 0.18% | Shares |
| Bank of New York Mellon Corp | $493,159 | 16,889 | 0.18% | Shares |
| FRANKLIN RESOURCES INC | $470,646 | 16,118 | 0.17% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $467,200 | 16,000 | 0.17% | Shares |
| C2P Capital Advisory Group, LLC d.b.a. Prosperity Capital Advisors | $437,533 | 14,984 | 0.16% | Shares |
| Skopos Labs, Inc. | $418,893 | 14,729 | 0.15% | Shares |
| Dynamic Technology Lab Private Ltd | $395,000 | 13,530 | 0.14% | Shares |
| WELLS FARGO & COMPANY/MN | $386,900 | 13,250 | 0.14% | Shares |
| Groupe la Francaise | $368,568 | 13,000 | 0.14% | Shares |
| SIMPLEX TRADING, LLC | $368,474 | 12,619 | 0.14% | Shares |
| Caption Management, LLC | $364,328 | 12,477 | 0.13% | Shares |
| BANK OF AMERICA CORP /DE/ | $354,634 | 12,145 | 0.13% | Shares |
| Per Stirling Capital Management, LLC. | $351,314 | 12,031 | 0.13% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $292,672 | 10,023 | 0.11% | Shares |
| MetLife Investment Management, LLC | $285,080 | 9,763 | 0.10% | Shares |
| ALLIANCEBERNSTEIN L.P. | $269,327 | 9,470 | 0.10% | Shares |
| BlackRock, Inc. | $255,004 | 8,733 | 0.09% | Shares |
| COMERICA BANK | $242,862 | 7,355 | 0.09% | Shares |
| Rothschild Wealth LLC | $239,265 | 8,194 | 0.09% | Shares |
| ARS Investment Partners, LLC | $220,548 | 7,553 | 0.08% | Shares |
| FIFTH THIRD BANCORP | $214,036 | 7,330 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $195,319 | 6,689 | 0.07% | Shares |
| Invesco Ltd. | $162,790 | 5,575 | 0.06% | Shares |
| Vanguard Global Advisers, LLC | $154,468 | 5,290 | 0.06% | Shares |
| FIDUCIARY FINANCIAL ADVISORS | $153,300 | 5,250 | 0.06% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $131,137 | 4,491 | 0.05% | Shares |
| Byrne Asset Management LLC | $124,217 | 4,254 | 0.05% | Shares |
| Nuveen Asset Management, LLC | $124,201 | 4,978 | 0.05% | Shares |
| GLOBEFLEX CAPITAL L P | $121,326 | 4,155 | 0.04% | Shares |
| Police & Firemen's Retirement System of New Jersey | $112,770 | 3,862 | 0.04% | Shares |
| Magnetar Financial LLC | $89,527 | 3,066 | 0.03% | Shares |
| NORTHERN TRUST CORP | $66,722 | 2,285 | 0.02% | Shares |
| Nuveen, LLC | $61,262 | 2,098 | 0.02% | Shares |
Company insiders 11 insiders · 4 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Gary Bowman | President, CEO and Chairman | April 25, 2024 S | 1,413,338 | 0 | 0 | $0 |
| Bruce J Labovitz | Chief Financial Officer | April 16, 2024 S | 283,288 | 0 | 0 | $0 |
| Michael Bruen | Chief Operating Officer | April 10, 2024 S | 409,310 | 0 | 0 | $0 |
| Robert Alan Hickey | Chief Legal Officer | March 18, 2024 S | 214,403 | 0 | 0 | $0 |
| Virginia Lee Grebbien | Director | June 2, 2026 S | 7,428 | 0 | 1 | $-237,375 |
| Raymond Vicks Jr. | Director | May 27, 2026 A | 22,220 | 0 | 0 | $0 |
| Stephen A Riddick | Director | May 27, 2026 A | 22,538 | 0 | 0 | $0 |
| James P Laurito | Director | May 27, 2026 A | 32,138 | 0 | 0 | $0 |
| Daniel Lefaivre | Director | May 11, 2022 A | 15,366 | 0 | 0 | $0 |
| Patricia Mulroy | — | Aug. 10, 2026 S | 26,330 | 0 | 1 | $-37,413 |
| Daniel Swayze | — | Aug. 7, 2026 S | 26,363 | 0 | 1 | $-24,897 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 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 |
|---|---|---|---|---|---|
| Gary Bowman, Bowman Family Asset Management, LLC (“BFAM”) ×7 filings | April 4, 2024 | — | Initial filing | Passive investment | SEC |
| Gary Bowman, Theresa Bowman | Sept. 23, 2021 | — | 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 35 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 |
|---|---|---|---|---|
| OASC · Unified Series Trust | 0.20% | 5,380 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.06% | 19,272 NS | May 31, 2026 | N-PORT |
| PSC · Principal Exchange-Traded Funds | 0.04% | 30,041 NS | June 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 6,055 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 56,571 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 661 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.01% | 44,999 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 68,091 NS | May 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.01% | 22,101 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 517 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 522 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 519 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 459 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 13 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 1,805 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 19,477 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 4,175 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.00% | 550 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 8,117 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 3,010 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 4 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 4 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 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 |
| ITOT · iShares Trust | — | — | Aug. 4, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWO · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWC · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IFRA · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |