CMRC Commerce.com, Inc. - Series 1 Common Stock
$2.07
Price · Aug 18, 2026
Fundamentals as of Aug 6, 2026
52W Range
$2–$6
3% of range
Analyst Rating
HOLD
14 analysts
Price Target
$4
+93% upside
P/E (TTM)
-8.6
ROE
-49.5%
Net Profit Margin
-5.7%
About Commerce.com, Inc. - Series 1 Common Stock Company overview from Wikipedia
BigCommerce Inc. is a NASDAQ-listed ecommerce platform that provides software as a service services to retailers. The company's platform includes online store creation, search engine optimization, hosting, and marketing and security from small to Enterprise sized businesses.
Read more
BigCommerce Inc. is a NASDAQ-listed ecommerce platform that provides software as a service services to retailers. The company's platform includes online store creation, search engine optimization, hosting, and marketing and security from small to Enterprise sized businesses.
## History
BigCommerce was founded in Sydney, Australia in 2009 by Australians Eddie Machaalani and Mitchell Harper, who met in an online chatroom in 2003. One year after meeting, Machaalani and Harper launched their first company, Interspire, which evolved into BigCommerce. The company opened its first United States office in Austin, Texas in 2009.
The company raised $15 million in Series A funding from General Catalyst in July 2011.
In 2014, the company expanded its presence on the West Coast, opening a San Francisco office and hiring personnel from PayPal and Amazon. In 2015, BigCommerce acquired Zing, a checkout and inventory software startup.
Brent Bellm, the former HomeAway COO who led HomeAway through its IPO, replaced Machaalani and Harper as CEO in 2015.
BigCommerce partnered with Amazon in 2016 to provide its retailers with the capability to sync inventory across both channels.
In 2019, the company opened its ecommerce platforms to legally-operating U.S.-based CBD and hemp merchants.
In July 2020, BigCommerce filed for IPO. The company went public on August 5, 2020.
In October 2024, Travis Hess replaced Brent Bellm as BigCommerce CEO.
In 2025, the company launched its new parent brand, Commerce. The rebranded entity includes BigCommerce, Feedonomics and Makeswift, and operates under Commerce.com.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CMRC Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$2.07
Market Cap
$169M
P/E (TTM)
-8.6
EPS (TTM)
$-0.24
Revenue (TTM)
$342M
Div Yield
—
ROE
-49.5%
Debt/Equity
—
52W Range
$2 – $6
CMRC Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$342M
2018-12-31
→
2025-12-31
EPS
$-0.24
2020-12-31
→
2025-12-31
Free Cash Flow
$17M
2024-12-31
→
2025-12-31
Margins
-5.7%
2020-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
CMRC
Peer Median
P/E (TTM)
-8.6
0.5
P/S (TTM)
0.5
1.4
P/B
4.3
5.1
Price / FCF
10.0
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CMRC
Peer Median
Gross Margin
78.8%
58.1%
Operating Margin
-4.7%
—
Net Profit Margin
-5.7%
-16.4%
ROA
-6.0%
-10.3%
ROE
-49.5%
-48.3%
ROIC
-43.9%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CMRC
Peer Median
Current Ratio
2.0
5.0
Quick Ratio
1.8
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CMRC
Peer Median
Revenue YoY
2.8%
—
Revenue CAGR 3Y
7.0%
—
Revenue CAGR 5Y
17.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CMRC
Peer Median
CMRC Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 2 14.3%
- Buy 5 35.7%
- Hold 6 42.9%
- Sell 1 7.1%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-18
Median
$3.00
Mean
$4.00
Now
$2.07
Low
$2.00
High
$7.50
Median target
$3.00
+44.9%
Mean target
$4.00
+93.2%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.08 | $0.04 | 0.04% |
| March 31, 2026 | $0.13 | $0.10 | 0.03% |
| Dec. 31, 2025 | $0.07 | $0.07 | -0.00% |
| Sept. 30, 2025 | $0.08 | $0.02 | 0.06% |
| June 30, 2025 | $0.04 | $0.03 | 0.01% |
| March 31, 2025 | $0.07 | $0.05 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CMRC | $336M | -17.2 | 2.8% | -5.7% | -49.5% | 78.8% |
| BLZE | — | -10.1 | 14.3% | -17.6% | -31.4% | 60.9% |
| RXT | $238M | -1.0 | -1.9% | -8.4% | 19.3% | 18.9% |
| WYFI | $606M | -20.3 | 66.2% | -31.2% | -6.2% | 60.2% |
| CXDO | $201M | 40.4 | 12.0% | 7.4% | 8.3% | — |
| USDE | — | — | — | — | — | — |
| DTST | — | — | — | — | — | — |
| CSAI | — | -1.5 | 271.4% | -167.0% | -99.7% | 29.4% |
| SNOW | $66.35B | -48.8 | 29.2% | -28.4% | -54.1% | 67.2% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $342M | $333M | $309M | $279M | $220M | $152M | $112M | |
| Cost of Revenue | $73M | $78M | $74M | $70M | $48M | $34M | $27M | |
| Gross Profit | $270M | $255M | $235M | $209M | $171M | $118M | $85M | |
| R&D Expense | $73M | $81M | $83M | $88M | $65M | $48M | $43M | |
| SG&A Expense | $56M | $62M | $59M | $69M | $51M | $36M | $22M | |
| Operating Expenses | $286M | $297M | $308M | $350M | $247M | $157M | $126M | |
| Operating Income | $-16M | $-42M | $-72M | $-141M | $-76M | $-39M | $-41M | |
| Interest Expense | $10M | $6M | $3M | $3M | $828.0K | $3M | $2M | |
| Interest Income | $5M | $11M | $11M | $4M | $130.0K | $31.0K | $245.0K | |
| Other Non-op | $-681.0K | $-958.0K | $-836.0K | $-227.0K | $-70.0K | $-179.0K | $-208.0K | |
| Pretax Income | $-18M | $-26M | $-65M | $-139M | $-77M | $-38M | $-43M | |
| Income Tax | $1M | $1M | $0 | $495.0K | $-34.0K | $25.0K | $28.0K | |
| Net Income | $-19M | $-27M | $-65M | $-140M | $-77M | $-38M | $-43M | |
| EPS (Basic) | $-0.24 | $-0.35 | $-0.86 | $-1.91 | $-1.08 | $-0.99 | · | |
| EPS (Diluted) | $-0.24 | $-0.35 | $-0.86 | $-1.91 | $-1.08 | $-0.99 | · | |
| Shares (Basic) | 80,296,000 | 77,600,000 | 75,143,000 | 73,226,000 | 70,933,000 | 39,092,000 | · | |
| Shares (Diluted) | 80,296,000 | 77,600,000 | 75,143,000 | 73,226,000 | 70,933,000 | 39,092,000 | · | |
| EBITDA | $-12M | $-38M | $-68M | $-137M | $-73M | $-36M | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $44M | $89M | $72M | $92M | $298M | $219M | $8M | |
| Short-term Investments | $97M | $89M | $198M | $212M | $102M | · | $0 | |
| Receivables | $50M | $48M | $38M | $35M | $40M | $23M | $16M | |
| Prepaid Expense | $15M | $15M | $25M | $28M | $10M | $8M | $5M | |
| Current Assets | $214M | $251M | $342M | $374M | $455M | $254M | $32M | |
| PP&E (Net) | $14M | $9M | $10M | $9M | $7M | $7M | $8M | |
| PP&E (Gross) | $20M | $18M | $30M | $25M | $20M | $21M | $19M | |
| Accum. Depreciation | $6M | $9M | $20M | $16M | $13M | $13M | $10M | |
| Goodwill | $52M | $52M | $52M | $50M | $42M | · | · | |
| Intangibles | $11M | $17M | $27M | $28M | $35M | · | · | |
| Total Assets | $309M | $340M | $444M | $474M | $555M | $277M | $56M | |
| Accounts Payable | $10M | $7M | $8M | $7M | $8M | $6M | $4M | |
| Accrued Liabilities | $5M | $3M | $3M | $3M | $3M | $3M | $6M | |
| Current Liabilities | $108M | $88M | $71M | $79M | $63M | $46M | $34M | |
| Capital Leases | $7M | $2M | $8M | $10M | $10M | $13M | $16M | |
| Other Non-current Liabilities | $1M | $768.0K | $551.0K | $2M | $7M | · | · | |
| Total Liabilities | $269M | $307M | $419M | $428M | $417M | $60M | $90M | |
| Long-term Debt | $157M | $216M | $339M | $337M | · | · | $41M | |
| Total Debt | · | · | $340M | $337M | $336M | · | · | |
| Common Stock | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $2.0K | |
| Retained Earnings | $-641M | $-622M | $-595M | $-530M | $-390M | $-313M | $-275M | |
| AOCI | $224.0K | $145.0K | $163.0K | $-1M | $-191.0K | · | · | |
| Stockholders' Equity | $39M | $33M | $26M | $46M | $138M | $217M | $-257M | |
| Liabilities + Equity | $309M | $340M | $444M | $474M | $555M | $277M | $56M | |
| Shares Outstanding | 81,649,000 | 78,573,000 | 76,410,000 | 73,945,000 | · | · | · |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $4M | $4M | $3M | $3M | $3M | $3M | |
| Stock-based Comp | $24M | $35M | $41M | $42M | $25M | $11M | $3M | |
| Deferred Tax | $249.0K | $-247.0K | $495.0K | $207.0K | $179.0K | · | $0 | |
| Amort. of Intangibles | $8M | $10M | $8M | $8M | $3M | $0 | $0 | |
| Restructuring | $11M | $14M | $6M | $7M | · | · | · | |
| Other Non-cash | $17M | $14M | $-4M | $5M | $8M | $-3M | · | |
| Operating Cash Flow | $25M | $26M | $-24M | $-89M | $-40M | $-27M | $-40M | |
| CapEx | $9M | $4M | $4M | $5M | · | · | · | |
| Investing Cash Flow | $-17M | $105M | $3M | $-117M | $-187M | $-2M | $18M | |
| Dividends Paid | · | · | · | · | · | $13M | · | |
| Financing Cash Flow | $-53M | $-114M | $1M | $209.0K | $305M | $240M | $17M | |
| Net Change in Cash | $-44M | $18M | $-20M | $-206M | $78M | $211M | $-5M | |
| Taxes Paid | $775.0K | $381.0K | $583.0K | · | · | · | · | |
| Free Cash Flow | $17M | $23M | · | · | · | · | · | |
| Levered FCF | $6M | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 78.8% | 76.7% | 76.0% | 74.9% | 78.0% | 77.6% | · | |
| Operating Margin | -4.7% | -12.5% | -23.4% | -50.4% | -34.5% | -25.4% | · | |
| Net Margin | -5.7% | -8.1% | -20.9% | -50.1% | -34.9% | -24.6% | · | |
| Pretax Margin | -5.3% | -7.8% | -20.9% | -50.0% | -34.9% | -24.6% | · | |
| EBITDA Margin | -3.6% | -11.3% | -22.1% | -49.2% | -33.3% | -23.4% | · | |
| ROA | -6.0% | -6.9% | -14.1% | -27.2% | -18.4% | -22.6% | · | |
| ROE | -49.5% | -86.7% | -284.8% | -252.6% | -51.2% | -20.0% | · | |
| ROIC | -43.9% | -129.8% | -19.8% | -36.8% | -16.0% | -17.9% | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.0 | 2.9 | 4.8 | 4.8 | 7.2 | 5.5 | · | |
| Quick Ratio | 1.8 | 2.6 | 4.4 | 4.5 | 7.0 | 5.3 | · | |
| Debt / Equity | · | · | 13.3 | 7.4 | 2.4 | · | · | |
| LT Debt / Equity | · | · | 13.3 | 7.4 | 2.4 | · | · | |
| Interest Coverage | -1.6 | · | -25.1 | -49.7 | -91.7 | -12.5 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.1 | 0.8 | 0.7 | 0.5 | 0.5 | 0.9 | · | |
| Receivables Turnover | 7.0 | 7.8 | 8.5 | 6.1 | 7.0 | 7.9 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 2.8% | 7.6% | 10.9% | 26.9% | 44.3% | · | · | |
| Revenue CAGR 3Y | 7.0% | 14.8% | 26.6% | · | · | · | · | |
| Revenue CAGR 5Y | 17.6% | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $342M | $333M | $309M | $279M | $220M | $152M | · | |
| Net Income TTM | $-19M | $-27M | $-65M | $-140M | $-77M | $-38M | · | |
| Market Cap | $336M | $481M | $743M | · | · | · | · | |
| Enterprise Value | · | · | $813M | · | · | · | · | |
| P/E | -17.2 | -17.5 | -11.3 | -4.6 | -32.8 | -64.8 | · | |
| P/S | 1.0 | 1.4 | 2.4 | · | · | · | · | |
| P/B | 8.5 | 14.4 | 29.1 | · | · | · | · | |
| P / Cash Flow | 13.2 | 18.3 | -30.7 | · | · | · | · | |
| P / FCF | 19.9 | 21.3 | · | · | · | · | · | |
| EV / EBITDA | · | · | -11.9 | · | · | · | · | |
| EV / Revenue | · | · | 2.6 | · | · | · | · | |
| Earnings Yield | -5.8% | -5.7% | -8.8% | -21.9% | -3.0% | -1.5% | · | |
| Payout Ratio | · | · | · | · | · | -34.1% | · | |
| Annual Payout | · | · | · | · | · | $13M | · |
Income Statement 18
| 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 | $85M | $87M | $90M | $86M | $84M | $82M | $87M | $84M | $82M | $80M | $84M | $78M | $75M | $72M | $72M | $72M | |
| Cost of Revenue | $21M | $20M | $19M | $19M | $18M | $17M | $19M | $20M | $20M | $18M | $19M | $19M | $19M | $17M | $18M | $18M | |
| Gross Profit | $64M | $67M | $70M | $67M | $67M | $65M | $68M | $64M | $62M | $62M | $65M | $59M | $57M | $54M | $54M | $55M | |
| R&D Expense | $18M | $18M | $18M | $17M | $18M | $19M | $20M | $21M | $20M | $20M | $20M | $22M | $21M | $21M | $23M | $22M | |
| SG&A Expense | $14M | $14M | $14M | $12M | $16M | $14M | $15M | $16M | $15M | $15M | $14M | $14M | $14M | $16M | $17M | $19M | |
| Operating Expenses | $61M | $61M | $77M | $68M | $73M | $68M | $68M | $83M | $76M | $70M | $71M | $81M | $78M | $78M | $89M | $85M | |
| Operating Income | $3M | $6M | $-7M | $-435.0K | $-7M | $-2M | $-751.0K | $-19M | $-13M | $-8M | $-6M | $-22M | $-21M | $-24M | $-35M | $-31M | |
| Interest Expense | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $2M | $720.0K | $720.0K | $719.0K | $721.0K | $722.0K | $722.0K | · | $706.0K | |
| Interest Income | $1M | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $2M | $2M | $1M | |
| Other Non-op | $-139.0K | $-274.0K | $-249.0K | $-302.0K | $-23.0K | $-107.0K | $-373.0K | $-142.0K | $-111.0K | $-332.0K | $-503.0K | $-301.0K | $-63.0K | $31.0K | $602.0K | $-376.0K | |
| Pretax Income | $1M | $4M | $-8M | $-2M | $-8M | $171.0K | $-2M | $-7M | $-11M | $-6M | $-4M | $-20M | $-19M | $-22M | $-33M | $-30M | |
| Income Tax | $204.0K | $452.0K | $209.0K | $212.0K | $221.0K | $524.0K | $324.0K | $269.0K | $132.0K | $290.0K | $-552.0K | $145.0K | $210.0K | $197.0K | $254.0K | $86.0K | |
| Net Income | $1M | $4M | $-8M | $-2M | $-8M | $-353.0K | $-2M | $-7M | $-11M | $-6M | $-3M | $-20M | $-19M | $-22M | $-33M | $-30M | |
| EPS (Basic) | $0.01 | $0.05 | $-0.11 | $-0.03 | $-0.10 | $0.00 | $-0.03 | $-0.09 | $-0.15 | $-0.08 | $-0.04 | $-0.27 | $-0.25 | $-0.30 | $-0.45 | $-0.41 | |
| EPS (Diluted) | $0.01 | $0.05 | $-0.11 | $-0.03 | $-0.10 | $0.00 | $-0.03 | $-0.09 | $-0.15 | $-0.08 | $-0.04 | $-0.27 | $-0.25 | $-0.30 | $-0.45 | $-0.41 | |
| Shares (Basic) | 82,627,000 | 82,044,000 | -159,417,000 | 80,756,000 | 80,122,000 | 78,835,000 | -154,351,000 | 77,869,000 | 77,456,000 | 76,626,000 | -149,176,000 | 75,387,000 | 74,790,000 | 74,142,000 | -145,842,000 | 73,508,000 | |
| Shares (Diluted) | 82,790,000 | 82,319,000 | -159,417,000 | 80,756,000 | 80,122,000 | 78,835,000 | -154,351,000 | 77,869,000 | 77,456,000 | 76,626,000 | -149,176,000 | 75,387,000 | 74,790,000 | 74,142,000 | -145,842,000 | 73,508,000 | |
| EBITDA | $3M | $6M | · | $-435.0K | $-7M | $-2M | · | $-19M | $-13M | $-8M | · | $-22M | $-21M | $-24M | · | $-31M |
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 | $57M | $57M | $44M | $50M | $46M | $52M | $89M | $35M | $133M | $61M | · | $70M | $75M | $61M | · | $101M | |
| Short-term Investments | $99M | $98M | $97M | $92M | $88M | $69M | $89M | $133M | $143M | $204M | · | $196M | $223M | $221M | · | $206M | |
| Receivables | $52M | $50M | $50M | $48M | $52M | $44M | $48M | $43M | $45M | $39M | · | $52M | $52M | $59M | · | $48M | |
| Prepaid Expense | $16M | $18M | $15M | $18M | $15M | $19M | $15M | $21M | $25M | $29M | · | $16M | $13M | $14M | · | $14M | |
| Current Assets | $230M | $230M | $214M | $216M | $210M | $193M | $251M | $243M | $356M | $344M | · | $342M | $371M | $363M | · | $376M | |
| PP&E (Net) | $19M | $16M | $14M | $11M | $9M | $8M | $9M | $9M | $10M | $10M | · | $11M | $10M | $10M | · | $9M | |
| PP&E (Gross) | · | · | $20M | · | · | · | $18M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $6M | · | · | · | $9M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | $52M | · | $50M | $50M | $50M | · | $50M | |
| Intangibles | $8M | $10M | $11M | $13M | $15M | $17M | $17M | $20M | $22M | $25M | · | $21M | $24M | $26M | · | $29M | |
| Total Assets | $325M | $324M | $309M | $309M | $303M | $286M | $340M | $335M | $453M | $442M | · | $436M | $468M | $462M | · | $481M | |
| Accounts Payable | $9M | $9M | $10M | $10M | $9M | $8M | $7M | $8M | $7M | $7M | · | $6M | $6M | $8M | · | $7M | |
| Accrued Liabilities | $3M | $5M | $5M | $4M | $3M | $3M | $3M | $3M | $4M | $3M | · | $3M | $4M | $4M | · | $3M | |
| Current Liabilities | $113M | $116M | $108M | $101M | $98M | $82M | $88M | $87M | $79M | $68M | · | $67M | $92M | $77M | · | $66M | |
| Capital Leases | $6M | $7M | $7M | $7M | $7M | $7M | $2M | $2M | $6M | $7M | · | $8M | $9M | $9M | · | $11M | |
| Other Non-current Liabilities | $1M | $2M | $1M | $1M | $1M | $1M | $768.0K | $751.0K | $703.0K | $625.0K | · | $756.0K | $639.0K | $478.0K | · | $619.0K | |
| Total Liabilities | $273M | $277M | $269M | $267M | $264M | $248M | $307M | $306M | $426M | $416M | · | $416M | $441M | $427M | · | $416M | |
| Long-term Debt | $157M | $157M | $157M | $157M | $158M | $158M | $216M | · | $341M | $341M | · | $340M | $339M | · | · | · | |
| Total Debt | · | · | · | · | · | · | · | · | $340M | $340M | · | $339M | $339M | $338M | · | $337M | |
| Common Stock | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | · | $7.0K | $7.0K | $7.0K | · | $7.0K | |
| Retained Earnings | $-636M | $-637M | $-641M | $-633M | $-630M | $-622M | $-622M | $-619M | $-612M | $-601M | · | $-591M | $-571M | $-552M | · | $-497M | |
| AOCI | $-130.0K | $-14.0K | $224.0K | $209.0K | $114.0K | $124.0K | $145.0K | $380.0K | $-177.0K | $-96.0K | · | $-417.0K | $-572.0K | $-482.0K | · | $-2M | |
| Stockholders' Equity | $52M | $47M | $39M | $43M | $39M | $38M | $33M | $29M | $26M | $27M | $26M | $20M | $27M | $34M | $46M | $65M | |
| Liabilities + Equity | $325M | $324M | $309M | $309M | $303M | $286M | $340M | $335M | $453M | $442M | · | $436M | $468M | $462M | · | $481M | |
| Shares Outstanding | · | · | 81,649,000 | · | · | · | 78,573,000 | · | · | · | · | 76,082,000 | · | · | · | · |
Cash Flow 11
| 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 | $3M | $3M | $3M | $3M | $4M | $4M | $3M | $3M | $4M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Stock-based Comp | $4M | $4M | $5M | $6M | $7M | $5M | $7M | $10M | $10M | $8M | $8M | $12M | $11M | $10M | $12M | $11M | |
| Amort. of Intangibles | $1M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Restructuring | $5.0K | $910.0K | · | · | $2M | $2M | · | · | $3M | · | · | · | $0 | $420.0K | · | · | |
| Operating Cash Flow | $5M | $18M | $980.0K | $11M | $14M | $401.0K | $12M | $6M | $12M | $-3M | $13M | $-31M | $15M | $-21M | $-3M | $-51M | |
| CapEx | $5M | $4M | $3M | $3M | $2M | $825.0K | $787.0K | $1M | $1M | $806.0K | · | · | · | · | · | · | |
| Investing Cash Flow | $-6M | $-5M | $-6M | $-7M | $-21M | $17M | $43M | $9M | $60M | $-7M | $-11M | $26M | $-3M | $-10M | $-6M | $-69M | |
| Financing Cash Flow | $-154.0K | $-54.0K | $61.0K | $-110.0K | $2M | $-55M | $-2M | $-112M | $134.0K | $-485.0K | $-139.0K | $285.0K | $1M | $-330.0K | $145.0K | $172.0K | |
| Net Change in Cash | $-762.0K | $13M | $-5M | $4M | $-6M | $-37M | $53M | $-97M | $72M | $-11M | $2M | $-5M | $13M | $-31M | $-9M | $-120M | |
| Free Cash Flow | $50.0K | $14M | · | $8M | $12M | $-424.0K | · | · | · | · | · | · | · | · | · | · | |
| Levered FCF | $-2M | $12M | · | $5M | $9M | $5M | · | · | · | · | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 75.2% | 76.8% | · | 78.4% | 79.0% | 79.4% | · | 76.3% | 75.8% | 77.0% | · | 75.6% | 75.1% | 75.7% | · | 75.8% | |
| Operating Margin | 3.2% | 6.6% | · | -0.51% | -8.0% | -2.9% | · | -23.0% | -16.5% | -10.2% | · | -28.4% | -27.7% | -33.0% | · | -42.2% | |
| Net Margin | 1.3% | 4.3% | · | -2.6% | -9.9% | -0.43% | · | -8.3% | -13.8% | -8.0% | · | -26.0% | -25.3% | -30.8% | · | -41.9% | |
| Pretax Margin | 1.6% | 4.8% | · | -2.4% | -9.7% | 0.21% | · | -8.0% | -13.6% | -7.6% | · | -25.8% | -25.0% | -30.6% | · | -41.7% | |
| EBITDA Margin | 3.2% | 6.6% | · | -0.51% | -8.0% | -2.9% | · | -23.0% | -16.5% | -10.2% | · | -28.4% | -27.7% | -33.0% | · | -42.2% | |
| ROA | 0.35% | 1.2% | · | -0.70% | -2.2% | -0.10% | · | -1.8% | -2.5% | -1.4% | · | -4.4% | -3.8% | -4.4% | · | -5.8% | |
| ROE | 2.4% | 8.8% | · | -6.2% | -25.8% | -1.1% | · | -28.6% | -42.4% | -20.8% | · | -47.8% | -34.1% | -30.6% | · | -26.8% | |
| ROIC | 4.4% | 11.0% | · | -1.1% | -18.0% | 13.1% | · | -69.0% | -3.7% | -2.4% | · | -6.2% | -5.8% | -6.4% | · | -7.6% |
Liquidity & Solvency 5
| 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 | 2.0 | 2.0 | · | 2.1 | 2.1 | 2.3 | · | 2.8 | 4.5 | 5.1 | · | 5.1 | 4.1 | 4.7 | · | 5.7 | |
| Quick Ratio | 1.8 | 1.8 | · | 1.9 | 1.9 | 2.0 | · | 2.4 | 4.1 | 4.5 | · | 4.7 | 3.8 | 4.4 | · | 5.3 | |
| Debt / Equity | · | · | · | · | · | · | · | · | 13.0 | 12.6 | · | 17.1 | 12.6 | 9.8 | · | 5.2 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | 13.0 | 12.6 | · | 17.1 | 12.6 | 9.8 | · | 5.2 | |
| Interest Coverage | 1.1 | 2.3 | · | -0.2 | -2.7 | -0.9 | · | -10.1 | -18.7 | -11.4 | · | -30.8 | -28.9 | -32.8 | · | -43.3 |
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 | 0.3 | · | 0.3 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.1 | · | 0.1 | |
| Receivables Turnover | 1.6 | 1.9 | · | 1.9 | 1.7 | 2.0 | · | 1.8 | 1.7 | 1.6 | · | 1.6 | 1.5 | 1.4 | · | 1.8 |
Valuation (TTM) 11
| 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 | $342M | $340M | · | $337M | $332M | $328M | · | $324M | $316M | $306M | · | $298M | $288M | $278M | · | $266M | |
| Net Income TTM | $-6M | $-7M | · | $-18M | $-27M | $-25M | · | $-45M | $-57M | $-68M | · | $-92M | $-111M | $-129M | · | $-129M | |
| Market Cap | · | · | · | · | · | · | · | · | · | · | · | $751M | · | · | · | · | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | $825M | · | · | · | · | |
| P/E | -42.3 | -33.4 | · | -22.7 | -14.7 | -18.0 | · | -9.9 | -10.7 | -7.7 | · | -8.0 | -6.6 | -5.1 | · | -8.4 | |
| P/S | · | · | · | · | · | · | · | · | · | · | · | 2.5 | · | · | · | · | |
| P/B | · | · | · | · | · | · | · | · | · | · | · | 37.8 | · | · | · | · | |
| P / Cash Flow | · | · | · | · | · | · | · | · | · | · | · | -23.9 | · | · | · | · | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | · | -37.2 | · | · | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | · | 2.8 | · | · | · | · | |
| Earnings Yield | -2.4% | -3.0% | · | -4.4% | -6.8% | -5.6% | · | -10.1% | -9.3% | -13.1% | · | -12.5% | -15.1% | -19.7% | · | -11.9% |
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 | $342M | $333M | $309M | $279M | $220M |
| Gross Margin % | 78.8% | 76.7% | 76.0% | 74.9% | 78.0% |
| Operating Margin % | -4.7% | -12.5% | -23.4% | -50.4% | -34.5% |
| Net Income | $-19M | $-27M | $-65M | $-140M | $-77M |
| Diluted EPS | $-0.24 | $-0.35 | $-0.86 | $-1.91 | $-1.08 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | 13.3 | 7.4 | 2.4 |
| Current Ratio | 2.0 | 2.9 | 4.8 | 4.8 | 7.2 |
| Quick Ratio | 1.8 | 2.6 | 4.4 | 4.5 | 7.0 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $17M | $23M | — | — | — |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
📊
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 167 filers · $137.4M 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 |
|---|---|---|---|---|
| 30 (+2 vs prior Q) | 15 (-28 vs prior Q) | 59 (+8 vs prior Q) | 42 (-3 vs prior Q) | +8.8M |
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 |
|---|---|---|---|---|
| Lynrock Lake LP | $27,429,331 | 9,266,666 | 19.96% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $13,983,750 | 4,724,240 | 10.18% | Shares |
| Divisar Capital Management LLC | $9,302,821 | 3,142,845 | 6.77% | Shares |
| Pale Fire Capital SE | $9,042,474 | 3,054,890 | 6.58% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $8,996,334 | 3,039,302 | 6.55% | Shares |
| AMERIPRISE FINANCIAL INC | $5,712,554 | 1,929,917 | 4.16% | Shares |
| S SQUARED TECHNOLOGY, LLC | $4,733,460 | 1,599,142 | 3.44% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,718,482 | 1,593,668 | 3.43% | Shares |
| STATE STREET CORP | $4,254,381 | 1,437,291 | 3.10% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $4,072,510 | 1,375,848 | 2.96% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $3,663,888 | 1,237,800 | 2.67% | Shares |
| MONIMUS CAPITAL MANAGEMENT, LP | $3,159,294 | 1,067,329 | 2.30% | Shares |
| HERALD INVESTMENT MANAGEMENT Ltd | $3,137,600 | 1,060,000 | 2.28% | Shares |
| COMMERCE BANK | $2,960,000 | 1,000,000 | 2.15% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $2,440,440 | 824,473 | 1.78% | Shares |
| VANGUARD GROUP INC | $1,923,480 | 466,864 | 1.40% | Shares |
| GOLDMAN SACHS GROUP INC | $1,772,552 | 598,835 | 1.29% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,687,268 | 570,023 | 1.23% | Shares |
| Potrero Capital Research LLC | $1,664,775 | 562,424 | 1.21% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,495,872 | 505,362 | 1.09% | Shares |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P | $1,346,800 | 455,000 | 0.98% | Shares |
| Man Group plc | $1,259,989 | 425,672 | 0.92% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $1,166,933 | 394,234 | 0.85% | Shares |
| FMR LLC | $1,042,003 | 352,028 | 0.76% | Shares |
| GGV Capital LLC | $916,293 | 149,721 | 0.67% | Shares |
| MORGAN STANLEY | $872,786 | 294,860 | 0.64% | Shares |
| TWO SIGMA INVESTMENTS, LP | $818,473 | 276,511 | 0.60% | Shares |
| Vanguard Global Advisers, LLC | $805,375 | 272,086 | 0.59% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $769,600 | 260,000 | 0.56% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $701,333 | 236,937 | 0.51% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $681,247 | 230,151 | 0.50% | Shares |
| IEQ CAPITAL, LLC | $591,354 | 199,782 | 0.43% | Shares |
| Chico Wealth RIA | $540,440 | 182,581 | 0.39% | Shares |
| TWO SIGMA ADVISERS, LP | $529,008 | 128,400 | 0.38% | Shares |
| D. E. Shaw & Co., Inc. | $501,569 | 169,449 | 0.37% | Shares |
| Qube Research & Technologies Ltd | $501,545 | 169,441 | 0.36% | Shares |
| NOTABLE CAPITAL MANAGEMENT, L.L.C. | $443,174 | 149,721 | 0.32% | Shares |
| NEEDHAM INVESTMENT MANAGEMENT LLC | $355,200 | 120,000 | 0.26% | Shares |
| Bank of New York Mellon Corp | $330,351 | 111,605 | 0.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $306,603 | 103,582 | 0.22% | Shares |
| ALLIANCEBERNSTEIN L.P. | $287,986 | 107,860 | 0.21% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $282,144 | 95,319 | 0.21% | Shares |
| RHUMBLINE ADVISERS | $247,128 | 83,493 | 0.18% | Shares |
| Mariner, LLC | $240,005 | 81,072 | 0.17% | Shares |
| Corient Private Wealth LP | $230,472 | 77,862 | 0.17% | Shares |
| AMERICAN CENTURY COMPANIES INC | $218,714 | 73,890 | 0.16% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $217,291 | 73,409 | 0.16% | Shares |
| WELLS FARGO & COMPANY/MN | $205,901 | 69,561 | 0.15% | Shares |
| Atom Investors LP | $184,888 | 62,462 | 0.13% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $183,854 | 62,113 | 0.13% | Shares |
| Centiva Capital, LP | $182,691 | 61,720 | 0.13% | Shares |
| CWM, LLC | $181,627 | 68,025 | 0.13% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $165,738 | 53,121 | 0.12% | Shares |
| Creative Planning | $163,134 | 55,113 | 0.12% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $153,654 | 51,910 | 0.11% | Shares |
| UBS Group AG | $145,490 | 49,152 | 0.11% | Shares |
| BlackRock, Inc. | $135,266 | 45,698 | 0.10% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $128,612 | 43,450 | 0.09% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $123,485 | 41,718 | 0.09% | Shares |
| MetLife Investment Management, LLC | $120,244 | 40,623 | 0.09% | Shares |
| JANE STREET GROUP, LLC | $120,176 | 40,600 | 0.09% | Call option |
| Nuveen, LLC | $110,177 | 37,222 | 0.08% | Shares |
| CITIGROUP INC | $103,106 | 34,833 | 0.08% | Shares |
| NewEdge Advisors, LLC | $100,932 | 34,099 | 0.07% | Shares |
| JPMORGAN CHASE & CO | $95,554 | 31,536 | 0.07% | Shares |
| PRUDENTIAL FINANCIAL INC | $79,668 | 26,915 | 0.06% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $77,508 | 26,185 | 0.06% | Shares |
| Invesco Ltd. | $77,286 | 26,110 | 0.06% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $75,814 | 25,613 | 0.06% | Shares |
| Graham Capital Management, L.P. | $69,376 | 23,438 | 0.05% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $69,113 | 23,349 | 0.05% | Shares |
| R Squared Ltd | $66,417 | 22,438 | 0.05% | Shares |
| Russell Investments Group, Ltd. | $63,693 | 21,518 | 0.05% | Shares |
| Cerity Partners LLC | $62,909 | 21,253 | 0.05% | Shares |
| FRANKLIN RESOURCES INC | $62,545 | 21,130 | 0.05% | Shares |
| Abel Hall, LLC | $61,737 | 20,857 | 0.04% | Shares |
| BRIGHTON JONES LLC | $59,177 | 19,992 | 0.04% | Shares |
| Arax Advisory Partners | $59,002 | 19,933 | 0.04% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $58,664 | 19,819 | 0.04% | Shares |
| ROYCE & ASSOCIATES LP | $55,917 | 18,891 | 0.04% | Shares |
| Police & Firemen's Retirement System of New Jersey | $55,577 | 18,776 | 0.04% | Shares |
| Crawford Fund Management, LLC | $55,056 | 18,600 | 0.04% | Put option |
| SIMPLEX TRADING, LLC | $53,274 | 17,998 | 0.04% | Shares |
| Point72 Asset Management, L.P. | $52,345 | 17,684 | 0.04% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $52,280 | 17,661 | 0.04% | Shares |
| Comprehensive Financial Management LLC | $51,800 | 17,500 | 0.04% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $51,800 | 17,500 | 0.04% | Call option |
| INTECH INVESTMENT MANAGEMENT LLC | $48,778 | 16,479 | 0.04% | Shares |
| CITADEL ADVISORS LLC | $48,503 | 16,386 | 0.04% | Shares |
| Amundi | $48,292 | 16,315 | 0.04% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $47,579 | 16,074 | 0.03% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $46,605 | 15,745 | 0.03% | Shares |
| IHT Wealth Management, LLC | $44,400 | 15,000 | 0.03% | Shares |
| BANK OF MONTREAL /CAN/ | $44,101 | 14,899 | 0.03% | Shares |
| CITADEL ADVISORS LLC | $42,032 | 14,200 | 0.03% | Put option |
| Focus Partners Wealth | $41,349 | 13,969 | 0.03% | Shares |
| WINTON GROUP Ltd | $40,552 | 13,700 | 0.03% | Shares |
| CITADEL ADVISORS LLC | $39,960 | 13,500 | 0.03% | Call option |
| Williams & Novak, LLC | $37,592 | 12,700 | 0.03% | Shares |
| Caitong International Asset Management Co., Ltd | $35,863 | 12,116 | 0.03% | Shares |
Company insiders 20 insiders · 10 officers · 4 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Brent Bellm | President & CEO; Chairman | Nov. 17, 2020 S | 1,627,934 | 0 | 0 | $0 |
| Daniel Lentz | CFO & COO | July 1, 2026 S | 475,262 | 0 | 2 | $-24,465 |
| Robert Alvarez | Chief Financial Officer | Nov. 17, 2020 S | 59,240 | 0 | 0 | $0 |
| Christopher Travis Hess | Chief Exec Officer | June 3, 2026 F | 886,919 | 0 | 0 | $0 |
| Charles D Cassidy | General Counsel and Secretary | June 2, 2026 F | 165,730 | 0 | 0 | $0 |
| Jimmy Duvall | Chief Product Officer | Nov. 17, 2020 M | 0 | 0 | 0 | $0 |
| Jeff Mengoli | Chief Legal Officer &Secretary | Nov. 17, 2020 S | 88,524 | 0 | 0 | $0 |
| Marc Ostryniec | Chief Sales Officer | Nov. 17, 2020 S | 56,458 | 0 | 0 | $0 |
| Paul Vaillancourt | Chief Services Officer | Nov. 17, 2020 S | 237,777 | 0 | 0 | $0 |
| Lisa Pearson | Chief Marketing Officer | Nov. 17, 2020 S | 56,488 | 0 | 0 | $0 |
| Lawrence S Bohn | Director | June 3, 2025 S | 0 | 0 | 0 | $0 |
| Steven Joseph Murray | Director | March 9, 2021 S | 4,168,738 | 0 | 0 | $0 |
| Wadhi Machaalani | 10% owner | Aug. 7, 2020 S | 5,459,675 | 0 | 0 | $0 |
| Mitchell Harper | 10% owner | Aug. 7, 2020 S | 4,964,675 | 0 | 0 | $0 |
| Sarah Gilligan | — | Aug. 13, 2026 A | 191,314 | 0 | 0 | $0 |
| Anil Kamath | — | Aug. 13, 2026 A | 151,463 | 0 | 0 | $0 |
| Donald E Clarke | — | Aug. 13, 2026 A | 209,339 | 0 | 0 | $0 |
| Ellen F Siminoff | — | Feb. 17, 2026 P | 353,333 | 1 | 0 | $294,000 |
| Russell Scott Klein | — | Nov. 17, 2020 S | 244,348 | 0 | 0 | $0 |
| Brian Singh Dhatt | — | Nov. 17, 2020 M | 61,624 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 23 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 |
|---|---|---|---|---|
| EBIZ · Global X Funds | 0.25% | 26,108 NS | April 30, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.15% | 418,829 SH | Aug. 8, 2026 | Daily |
| IWC · iShares Trust | 0.04% | 257,020 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.03% | 84,044 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.01% | 696,286 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 435,252 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 81,970 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 113,496 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 73,890 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 28,952 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 1,885,500 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 3,144 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 323,695 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 2,458 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 2,485 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,560 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 62 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 118,408 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 20,243 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 794,780 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,174,813 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,950 SH | Aug. 8, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.00% | 1,766,906 SH | Aug. 8, 2026 | Daily |