CTKB Cytek Biosciences, Inc. - Common Stock
$4.86
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$3–$6
54% of range
Analyst Rating
BUY
10 analysts
Price Target
$6
+15% upside
P/E (TTM)
485.5
ROE
-18.5%
Net Profit Margin
-33.0%
CTKB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$4.86
Market Cap
$624M
P/E (TTM)
485.5
EPS (TTM)
$-0.09
Revenue (TTM)
$201M
Div Yield
—
ROE
-18.5%
Debt/Equity
—
52W Range
$3 – $6
CTKB 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
$201M
2020-12-31
→
2025-12-31
EPS
$-0.09
2020-12-31
→
2023-12-31
Free Cash Flow
$-9M
2021-12-31
→
2025-12-31
Margins
-33.0%
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
CTKB
Peer Median
P/E (TTM)
485.5
31.3
P/S (TTM)
3.1
3.3
P/B
1.8
2.4
Price / FCF
-71.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CTKB
Peer Median
Gross Margin
51.8%
48.8%
Operating Margin
-20.0%
—
Net Profit Margin
-33.0%
-31.5%
ROA
-13.9%
-14.8%
ROE
-18.5%
-21.9%
ROIC
-26.4%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CTKB
Peer Median
Current Ratio
5.0
4.5
Quick Ratio
2.0
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CTKB
Peer Median
Revenue YoY
0.52%
—
Revenue CAGR 3Y
7.1%
—
Revenue CAGR 5Y
209.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CTKB
Peer Median
CTKB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
10 analysts
- Strong Buy 3 30.0%
- Buy 4 40.0%
- Hold 3 30.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-18
Median
$5.00
Mean
$5.56
Now
$4.86
Low
$4.75
High
$7.50
Median target
$5.00
+3.0%
Mean target
$5.56
+14.6%
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 | $-0.08 | $-0.09 | 0.01% |
| March 31, 2026 | $-0.15 | $-0.10 | -0.05% |
| Dec. 31, 2025 | $-0.04 | $-0.02 | -0.02% |
| Sept. 30, 2025 | $-0.04 | $-0.05 | 0.01% |
| June 30, 2025 | $-0.04 | $-0.07 | 0.03% |
| March 31, 2025 | $-0.09 | $-0.05 | -0.04% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CTKB | $649M | 505.0 | 0.52% | -33.0% | -18.5% | 51.8% |
| FTRE | $1.61B | -1.6 | 1.0% | -36.2% | -171.1% | — |
| PSNL | $816M | -8.7 | -17.7% | -116.7% | -36.0% | — |
| MRVI | — | -3.6 | -28.3% | -70.4% | -48.6% | 18.3% |
| AZTA | $1.32B | -23.5 | 3.5% | -9.4% | -3.3% | 45.5% |
| CYRX | $479M | 6.9 | 12.4% | 44.4% | 15.3% | 47.1% |
| MLAB | $489M | 73.1 | 3.4% | 2.7% | 3.7% | 63.5% |
| OABI | — | — | — | — | — | — |
| DNA | $484M | -1.5 | -25.1% | -183.8% | -55.8% | — |
| TKNO | $204M | -11.9 | 7.3% | -42.6% | -23.8% | 33.2% |
| PACB | $565M | -1.0 | 3.9% | -341.5% | -1634.9% | 28.6% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $201M | $200M | $193M | $164M | $2M | $710.0K | |
| Cost of Revenue | $97M | $89M | $84M | $63M | $49M | $41M | |
| Gross Profit | $104M | $111M | $109M | $101M | $79M | $52M | |
| R&D Expense | $36M | $39M | $44M | $35M | $24M | $14M | |
| SG&A Expense | $59M | $43M | $44M | $35M | $21M | $9M | |
| Operating Expenses | $145M | $132M | $137M | $103M | $70M | $38M | |
| Operating Income | $-40M | $-21M | $-28M | $-2M | $9M | $14M | |
| Interest Expense | · | · | $2M | $3M | $2M | $333.0K | |
| Interest Income | $2M | $5M | $6M | $5M | $49.0K | $110.0K | |
| Other Non-op | $9M | $4M | $8M | $1M | $-2M | $994.0K | |
| Pretax Income | $-30M | $-6M | $-16M | $1M | $6M | $14M | |
| Income Tax | $37M | $320.0K | $-4M | $-1M | $3M | $-5M | |
| Net Income | $-67M | $-6M | $-12M | $2M | $3M | $19M | |
| EPS (Basic) | · | · | $-0.09 | $0.02 | $0.00 | $0.11 | |
| EPS (Diluted) | · | · | $-0.09 | $0.02 | $0.00 | $0.10 | |
| Shares (Basic) | 127,745,939 | 130,611,330 | 135,283,044 | 134,510,831 | 76,741,858 | 29,126,792 | |
| Shares (Diluted) | 127,745,939 | 130,611,330 | 135,283,044 | 138,562,111 | 81,542,729 | 32,599,847 | |
| EBITDA | $-33M | $-13M | $-22M | $688.0K | $10M | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $91M | $99M | $167M | $297M | $365M | $165M | |
| Receivables | $63M | $61M | $56M | $49M | $30M | $17M | |
| Inventory | $48M | $44M | $61M | $48M | $32M | $23M | |
| Prepaid Expense | $20M | $14M | $13M | $13M | $5M | $2M | |
| Other Current Assets | $3M | $2M | $2M | $4M | $708.0K | $445.0K | |
| Current Assets | $392M | $396M | $392M | $454M | $432M | $209M | |
| PP&E (Net) | $18M | $18M | $18M | $14M | $6M | $2M | |
| PP&E (Gross) | $30M | $27M | $24M | $17M | $8M | $3M | |
| Accum. Depreciation | $12M | $9M | $6M | $3M | $2M | $934.0K | |
| Goodwill | $17M | $17M | $16M | $10M | $10M | $476.0K | |
| Intangibles | $17M | $20M | $23M | $4M | $5M | $274.0K | |
| Other Non-current Assets | $7M | $5M | $3M | $3M | $2M | $1M | |
| Total Assets | $462M | $500M | $494M | $519M | $463M | $220M | |
| Accounts Payable | $23M | $21M | $20M | $21M | $15M | $9M | |
| Accrued Liabilities | $23M | $21M | $20M | $21M | $15M | $9M | |
| Current Liabilities | $78M | $68M | $56M | $49M | $33M | $27M | |
| Capital Leases | $14M | $8M | $9M | $12M | $0 | · | |
| Other Non-current Liabilities | $2M | $2M | $2M | $2M | $1M | $737.0K | |
| Total Liabilities | $120M | $104M | $101M | $94M | $58M | $42M | |
| Common Stock | $129.0K | $129.0K | $131.0K | $135.0K | $126.0K | $23.0K | |
| Paid-in Capital | $441M | $431M | $423M | $443M | $424M | $6M | |
| Retained Earnings | $-102M | $-35M | $-29M | $-17M | $-20M | $-23M | |
| AOCI | $2M | $16.0K | $-1M | $-697.0K | $897.0K | $65.0K | |
| Stockholders' Equity | $342M | $396M | $393M | $426M | $405M | $-16M | |
| Liabilities + Equity | $462M | $500M | $494M | $519M | $463M | $220M | |
| Shares Outstanding | 128,550,136 | 129,205,901 | 130,714,906 | 135,365,381 | 133,749,663 | 31,241,916 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $8M | $7M | $6M | $2M | $1M | $603.0K | |
| Stock-based Comp | $25M | $27M | $22M | $17M | $7M | $611.0K | |
| Deferred Tax | $34M | $-3M | $0 | $0 | $-2M | $-7M | |
| Amort. of Intangibles | $4M | $4M | $3M | $800.0K | $300.0K | $71.0K | |
| Other Non-cash | $-4M | $225.0K | $-638.0K | $-23M | $-4M | · | |
| Operating Cash Flow | $-5M | $25M | $5M | $-12M | $5M | $15M | |
| CapEx | $4M | $4M | $5M | $10M | $4M | $2M | |
| Investing Cash Flow | $10M | $-83M | $-94M | $-56M | $-21M | $-2M | |
| Stock Repurchased | $15M | $22M | $44M | $0 | $0 | · | |
| Net Stock Activity | $-15M | $-22M | $-44M | · | · | · | |
| Financing Cash Flow | $-13M | $-16M | $-42M | $6M | $214M | $123M | |
| Net Change in Cash | $-8M | $-69M | $-132M | $-65M | $198M | $136M | |
| Taxes Paid | $2M | $4M | $5M | $10M | $3M | $2M | |
| Free Cash Flow | $-9M | $22M | $633.0K | $-22M | $266.0K | · | |
| Levered FCF | · | · | $-968.5K | $-27M | $-621.5K | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 51.8% | 55.4% | 56.7% | 61.6% | 61.9% | · | |
| Operating Margin | -20.0% | -10.2% | -14.4% | -1.1% | 7.2% | · | |
| Net Margin | -33.0% | -3.0% | -6.3% | 1.5% | 2.4% | · | |
| Pretax Margin | -14.8% | -2.8% | -8.1% | 0.77% | 4.6% | · | |
| EBITDA Margin | -16.3% | -6.6% | -11.3% | 0.42% | 8.1% | · | |
| ROA | -13.9% | -1.2% | -2.4% | 0.51% | 0.89% | · | |
| ROE | -18.5% | -1.5% | -3.0% | 0.59% | 0.75% | · | |
| ROIC | -26.4% | -5.5% | -5.5% | -0.84% | 1.1% | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 5.0 | 5.9 | 7.0 | 9.3 | 13.0 | · | |
| Quick Ratio | 2.0 | 2.4 | 4.0 | 7.0 | 11.9 | · | |
| Interest Coverage | · | · | -13.4 | -0.7 | 5.3 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | 0.3 | 0.4 | · | |
| Inventory Turnover | 2.1 | 1.7 | 1.5 | 1.6 | 1.8 | · | |
| Receivables Turnover | 3.3 | 3.4 | 3.7 | 4.2 | 5.5 | · |
Growth Rates 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | 0.52% | 3.9% | 17.7% | 7421.1% | 207.2% | · | |
| Revenue CAGR 3Y | 7.1% | 351.3% | 547.8% | · | · | · | |
| Revenue CAGR 5Y | 209.5% | · | · | · | · | · | |
| Net Income YoY | · | · | · | -17.9% | -84.4% | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $201M | $200M | $193M | $164M | $2M | · | |
| Net Income TTM | $-67M | $-6M | $-12M | $2M | $3M | · | |
| Market Cap | $649M | $839M | $1.19B | $1.38B | $2.18B | · | |
| P/E | 505.0 | 649.0 | -101.3 | 510.5 | · | · | |
| P/S | 3.2 | 4.2 | 6.2 | 8.4 | 1000.8 | · | |
| P/B | 1.9 | 2.1 | 3.0 | 3.2 | 5.4 | · | |
| P / Tangible Book | 2.1 | 2.3 | 3.4 | 3.4 | 5.6 | · | |
| P / Cash Flow | -138.5 | 33.0 | 225.7 | -113.0 | 471.4 | · | |
| P / FCF | -74.0 | 38.4 | 1883.3 | -62.9 | 8206.0 | · | |
| Earnings Yield | 0.20% | 0.15% | -0.99% | 0.20% | 0.00% | · |
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 | $48M | $44M | $62M | $52M | $46M | $41M | $57M | $52M | $47M | $45M | $58M | $48M | $50M | $37M | $48M | $40M | |
| Cost of Revenue | $20M | $23M | $29M | $25M | $22M | $21M | $24M | $22M | $21M | $22M | $25M | $21M | $22M | $16M | $19M | $14M | |
| Gross Profit | $28M | $21M | $33M | $28M | $24M | $20M | $34M | $29M | $25M | $23M | $33M | $27M | $28M | $21M | $29M | $27M | |
| R&D Expense | $10M | $10M | $9M | $9M | $9M | $10M | $10M | $10M | $10M | $10M | $11M | $11M | $12M | $10M | $10M | $9M | |
| SG&A Expense | $17M | $18M | $16M | $16M | $14M | $13M | $9M | $11M | $12M | $11M | $11M | $10M | $11M | $12M | $11M | $8M | |
| Operating Expenses | $40M | $40M | $38M | $37M | $34M | $35M | $31M | $33M | $34M | $34M | $33M | $34M | $37M | $33M | $29M | $26M | |
| Operating Income | $-11M | $-18M | $-6M | $-9M | $-11M | $-15M | $3M | $-4M | $-9M | $-11M | $-136.0K | $-6M | $-9M | $-12M | $84.0K | $1M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $441.0K | · | $595.0K | $409.0K | $673.0K | · | $649.0K | |
| Interest Income | $819.0K | $787.0K | $580.0K | $573.0K | $555.0K | $508.0K | $913.0K | $1M | $1M | $1M | $1M | $2M | $1M | $2M | $3M | $2M | |
| Other Non-op | $-781.0K | $565.0K | $257.0K | $1M | $4M | $3M | $490.0K | $3M | $59.0K | $823.0K | $3M | $1M | $2M | $2M | $2M | $-445.0K | |
| Pretax Income | · | · | $-4M | $-8M | $-7M | $-11M | $10M | $157.0K | $-7M | $-9M | $4M | $-4M | $-7M | $-9M | $4M | $2M | |
| Income Tax | $515.0K | $1M | $40M | $-2M | $-1M | $136.0K | $680.0K | $-784.0K | $3M | $-3M | $-1M | $2M | $-2M | $-2M | $396.0K | $224.0K | |
| Net Income | $-12M | $-19M | $-44M | $-5M | $-6M | $-11M | $10M | $941.0K | $-10M | $-6M | $6M | $-6M | $-4M | $-7M | $4M | $2M | |
| EPS (Basic) | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $-0.01 | |
| EPS (Diluted) | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $-0.01 | |
| Shares (Basic) | 129,460,518 | 128,704,934 | -255,075,695 | 127,547,859 | 126,934,294 | 128,339,481 | -262,753,871 | 131,003,744 | 131,440,486 | 130,920,971 | -272,298,135 | 136,173,278 | 135,918,707 | 135,489,194 | -268,506,452 | 134,711,701 | |
| Shares (Diluted) | 129,460,518 | 128,704,934 | -255,075,695 | 127,547,859 | 126,934,294 | 128,339,481 | -264,535,679 | 132,785,552 | 131,440,486 | 130,920,971 | -272,298,135 | 136,173,278 | 135,918,707 | 135,489,194 | -268,452,806 | 138,709,335 | |
| EBITDA | $-11M | $-17M | · | $-9M | $-11M | $-13M | · | $-4M | $-9M | $-9M | · | $-6M | $-9M | $-11M | · | $1M |
Balance Sheet 26
| 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 | $74M | $66M | $91M | $93M | $75M | $95M | $99M | $162M | $178M | $169M | · | $164M | $132M | $129M | · | $342M | |
| Receivables | $50M | $52M | $63M | $57M | $56M | $55M | $61M | $53M | $45M | $50M | · | $55M | $50M | $43M | · | $40M | |
| Inventory | $52M | $50M | $48M | $52M | $49M | $45M | $44M | $47M | $50M | $55M | · | $67M | $66M | $70M | · | $49M | |
| Prepaid Expense | $14M | $15M | $20M | $18M | $15M | $15M | $14M | $13M | $12M | $13M | · | $12M | $11M | $11M | · | $13M | |
| Other Current Assets | $5M | $4M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $1M | · | $2M | |
| Current Assets | $378M | $379M | $392M | $388M | $383M | $381M | $396M | $390M | $384M | $389M | · | $422M | $425M | $426M | · | $444M | |
| PP&E (Net) | $21M | $20M | $18M | $18M | $18M | $18M | $18M | $19M | $18M | $18M | · | $17M | $16M | $16M | · | $8M | |
| PP&E (Gross) | $35M | $34M | $30M | $30M | $29M | $27M | $27M | $27M | $25M | $24M | · | $22M | $20M | $19M | · | $10M | |
| Accum. Depreciation | $14M | $13M | $12M | $12M | $11M | $10M | $9M | $8M | $7M | $6M | · | $5M | $4M | $4M | · | $3M | |
| Goodwill | $17M | $17M | $17M | $17M | $17M | $17M | $17M | $16M | $16M | $16M | · | $16M | $19M | $19M | · | $10M | |
| Intangibles | $15M | $16M | $17M | $18M | $19M | $19M | $20M | $20M | $21M | $22M | · | $24M | $24M | $25M | · | $4M | |
| Other Non-current Assets | $6M | $6M | $7M | $4M | $5M | $5M | $5M | $5M | $5M | $4M | · | $3M | $3M | $3M | · | $5M | |
| Total Assets | $447M | $449M | $462M | $495M | $493M | $483M | $500M | $491M | $484M | $492M | · | $519M | $525M | $525M | · | $499M | |
| Accounts Payable | $24M | $20M | $23M | $20M | $22M | $19M | $21M | $21M | $15M | $18M | · | $21M | $20M | $20M | · | $17M | |
| Accrued Liabilities | $24M | $20M | $23M | $20M | $22M | $19M | $21M | $21M | $15M | $18M | · | $21M | $20M | $20M | · | $17M | |
| Current Liabilities | $84M | $81M | $78M | $75M | $73M | $68M | $68M | $63M | $52M | $56M | · | $59M | $54M | $57M | · | $41M | |
| Capital Leases | $14M | $13M | $14M | $13M | $14M | $7M | $8M | $8M | $8M | $9M | · | $10M | $11M | $12M | · | $14M | |
| Other Non-current Liabilities | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $1M | |
| Total Liabilities | $125M | $121M | $120M | $116M | $116M | $103M | $104M | $106M | $95M | $99M | · | $104M | $101M | $101M | · | $83M | |
| Common Stock | $130.0K | $129.0K | $129.0K | $128.0K | $127.0K | $128.0K | $129.0K | $130.0K | $132.0K | $131.0K | · | $136.0K | $136.0K | $136.0K | · | $135.0K | |
| Paid-in Capital | $452M | $446M | $441M | $435M | $430M | $427M | $431M | $430M | $435M | $429M | · | $452M | $454M | $448M | · | $437M | |
| Retained Earnings | $-133M | $-121M | $-102M | $-58M | $-52M | $-47M | $-35M | $-45M | $-46M | $-35M | · | $-35M | $-28M | $-24M | · | $-21M | |
| AOCI | $3M | $2M | $2M | $821.0K | $-38.0K | $-609.0K | $16.0K | $101.0K | $-195.0K | $-2M | · | $-2M | $-2M | $-587.0K | · | $-530.0K | |
| Stockholders' Equity | $322M | $328M | $342M | $379M | $378M | $380M | $396M | $385M | $389M | $393M | · | $416M | $424M | $423M | $426M | $417M | |
| Liabilities + Equity | $447M | $449M | $462M | $495M | $493M | $483M | $500M | $491M | $484M | $492M | · | $519M | $525M | $525M | · | $499M | |
| Shares Outstanding | 129,982,753 | 129,142,587 | 128,550,136 | 127,864,830 | 127,185,113 | 127,599,142 | 129,205,901 | 129,766,011 | 131,505,201 | 131,254,181 | · | 135,545,663 | 136,344,908 | 135,644,055 | · | 134,849,139 |
Cash Flow 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $761.0K | $72.0K | |
| Stock-based Comp | $5M | $5M | $6M | $6M | $7M | $7M | $7M | $7M | $7M | $6M | $6M | $6M | $6M | $5M | $4M | $4M | |
| Deferred Tax | $0 | $-183.0K | $39M | $-3M | $-2M | $-336.0K | $-3M | $0 | $0 | $0 | · | · | · | · | · | · | |
| Amort. of Intangibles | $900.0K | $900.0K | $1M | $900.0K | $900.0K | $900.0K | $1M | $900.0K | $900.0K | $900.0K | $800.0K | $900.0K | $1M | $500.0K | $-353.0K | $200.0K | |
| Other Non-cash | · | $10M | · | · | · | $3M | · | · | · | $3M | · | · | · | $4M | · | · | |
| Operating Cash Flow | $1M | $-3M | $-771.0K | $-4M | $108.0K | $-125.0K | $2M | $13M | $6M | $4M | $10M | $-4M | $-3M | $3M | $6M | $-8M | |
| CapEx | $2M | $2M | $1M | $657.0K | $2M | $849.0K | $894.0K | $1M | $1M | $567.0K | $2M | $1M | $1M | $505.0K | $7M | $1M | |
| Investing Cash Flow | $7M | $-27M | $-2M | $19M | $-16M | $9M | $-63M | $-16M | $2M | $-6M | $29M | $43M | $3M | $-169M | $-51M | $-1M | |
| Stock Repurchased | $0 | $0 | $-34.0K | $-29.0K | $5M | $11M | $7M | $12M | $3M | $0 | $35M | · | · | · | · | · | |
| Net Stock Activity | · | $0 | · | · | · | $-11M | · | $-12M | $-3M | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-814.0K | $4M | $-1M | $2M | $-3M | $-12M | $-4M | $-12M | $-2M | $2M | $-34M | $-8M | $216.0K | $0 | $4M | $155.0K | |
| Net Change in Cash | $8M | $-25M | $-2M | $18M | $-20M | $-3M | $-64M | $-16M | $9M | $2M | $4M | $32M | $-850.0K | $-167M | $-42M | $-8M | |
| Taxes Paid | $610.0K | $-4M | $2M | $0 | $25.0K | $0 | $2M | $864.0K | $1M | $0 | $4M | $127.0K | $590.0K | $93.0K | $460.0K | $2M | |
| Free Cash Flow | · | $-5M | · | · | · | $-974.0K | · | · | · | $3M | · | · | · | $2M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $3M | · | · | · | $2M | · | · |
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 | 58.9% | 48.2% | · | 52.7% | 52.3% | 48.6% | · | 56.3% | 54.6% | 51.3% | · | 56.6% | 56.7% | 56.7% | · | 66.4% | |
| Operating Margin | -23.7% | -41.8% | · | -17.6% | -23.3% | -36.1% | · | -8.2% | -18.3% | -23.9% | · | -13.4% | -18.4% | -32.8% | · | 3.4% | |
| Net Margin | -25.3% | -42.8% | · | -10.5% | -12.2% | -27.5% | · | 1.8% | -22.4% | -13.8% | · | -13.5% | -8.8% | -18.4% | · | 4.0% | |
| Pretax Margin | · | · | · | -14.9% | -14.9% | -27.2% | · | 0.30% | -15.4% | -20.1% | · | -8.7% | -13.3% | -24.4% | · | 4.6% | |
| EBITDA Margin | -23.7% | -37.6% | · | -17.6% | -23.3% | -31.6% | · | -8.2% | -18.3% | -20.1% | · | -13.4% | -18.4% | -30.1% | · | 3.4% | |
| ROA | -2.6% | -4.0% | · | -1.1% | -1.1% | -2.3% | · | 0.19% | -2.1% | -1.2% | · | -1.3% | -0.86% | -1.4% | · | 0.34% | |
| ROE | -3.5% | -5.3% | · | -1.4% | -1.5% | -2.9% | · | 0.23% | -2.6% | -1.5% | · | -1.6% | -1.1% | -1.6% | · | 0.40% | |
| ROIC | · | · | · | -1.7% | -2.3% | -4.0% | · | -6.6% | -3.2% | -1.9% | · | -2.4% | -1.4% | -2.2% | · | 0.29% |
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 | 4.5 | 4.7 | · | 5.2 | 5.2 | 5.6 | · | 6.2 | 7.3 | 7.0 | · | 7.2 | 7.9 | 7.5 | · | 10.7 | |
| Quick Ratio | 1.5 | 1.5 | · | 2.0 | 1.8 | 2.2 | · | 3.4 | 4.2 | 3.9 | · | 3.7 | 3.4 | 3.1 | · | 9.2 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -24.3 | · | -10.8 | -22.3 | -18.1 | · | 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | 0.4 | 0.5 | · | 0.5 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.3 | · | 0.4 | |
| Receivables Turnover | 0.9 | 0.8 | · | 1.0 | 0.9 | 0.8 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | 1.1 | 1.0 | · | 1.2 |
Valuation (TTM) 10
| 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 | $190M | $183M | · | $191M | $185M | $184M | · | $191M | $189M | $180M | · | $175M | $167M | $153M | · | $150M | |
| Net Income TTM | $-42M | $-41M | · | $-22M | $-26M | $-27M | · | $-22M | $-27M | $-24M | · | $-16M | $-10M | $-8M | · | $186.0K | |
| Market Cap | $576M | $564M | · | $444M | $432M | $512M | · | $719M | $734M | $881M | · | $748M | $1.16B | $1.25B | · | $1.98B | |
| P/E | 443.0 | 437.0 | · | 347.0 | 340.0 | 401.0 | · | 554.0 | 558.0 | 671.0 | · | 552.0 | 854.0 | 919.0 | · | 1472.0 | |
| P/S | 3.0 | 3.1 | · | 2.3 | 2.3 | 2.8 | · | 3.8 | 3.9 | 4.9 | · | 4.3 | 7.0 | 8.2 | · | 13.2 | |
| P/B | 1.8 | 1.7 | · | 1.2 | 1.1 | 1.3 | · | 1.9 | 1.9 | 2.2 | · | 1.8 | 2.7 | 2.9 | · | 4.8 | |
| P / Tangible Book | 2.0 | 1.9 | · | 1.3 | 1.3 | 1.5 | · | 2.1 | 2.1 | 2.5 | · | 2.0 | 3.1 | 3.3 | · | 4.9 | |
| P / Cash Flow | · | -206.3 | · | · | · | -4093.4 | · | · | · | 222.6 | · | · | · | 436.2 | · | · | |
| P / FCF | · | -115.1 | · | · | · | -525.3 | · | · | · | 259.8 | · | · | · | 529.8 | · | · | |
| Earnings Yield | 0.23% | 0.23% | · | 0.29% | 0.29% | 0.25% | · | 0.18% | 0.18% | 0.15% | · | 0.18% | 0.12% | 0.11% | · | 0.07% |
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 | $201M | $200M | $193M | $164M | $2M |
| Gross Margin % | 51.8% | 55.4% | 56.7% | 61.6% | 61.9% |
| Operating Margin % | -20.0% | -10.2% | -14.4% | -1.1% | 7.2% |
| Net Income | $-67M | $-6M | $-12M | $2M | $3M |
| Diluted EPS | — | — | $-0.09 | $0.02 | $0.00 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 5.0 | 5.9 | 7.0 | 9.3 | 13.0 |
| Quick Ratio | 2.0 | 2.4 | 4.0 | 7.0 | 11.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-9M | $22M | $633.0K | $-22M | $266.0K |
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Institutional owners (13F) 163 filers · $262.5M 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 |
|---|---|---|---|---|
| 35 (+12 vs prior Q) | 37 (+26 vs prior Q) | 43 (-18 vs prior Q) | 58 (+9 vs prior Q) | +3.1M |
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 |
|---|---|---|---|---|
| MILLENNIUM MANAGEMENT LLC | $41,367,384 | 9,338,010 | 15.76% | Shares |
| VANGUARD GROUP INC | $34,047,560 | 6,742,091 | 12.97% | Shares |
| HHLR ADVISORS, LTD. | $29,490,643 | 6,657,030 | 11.24% | Shares |
| Topline Capital Management, LLC | $27,835,684 | 6,283,450 | 10.60% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $21,882,415 | 4,939,597 | 8.34% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $11,649,403 | 2,628,929 | 4.44% | Shares |
| STATE STREET CORP | $11,367,916 | 2,566,121 | 4.33% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $10,857,084 | 2,450,809 | 4.14% | Shares |
| ROYCE & ASSOCIATES LP | $9,221,395 | 2,081,579 | 3.51% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $5,057,253 | 1,141,592 | 1.93% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $4,754,511 | 1,073,253 | 1.81% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $4,314,080 | 973,833 | 1.64% | Shares |
| TUDOR INVESTMENT CORP ET AL | $3,711,955 | 837,913 | 1.41% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $3,281,133 | 740,662 | 1.25% | Shares |
| CITADEL ADVISORS LLC | $3,196,112 | 721,470 | 1.22% | Shares |
| Qube Research & Technologies Ltd | $3,055,907 | 689,821 | 1.16% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,019,953 | 681,705 | 1.15% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $2,929,559 | 661,300 | 1.12% | Shares |
| FMR LLC | $2,234,058 | 504,302 | 0.85% | Shares |
| Point72 Asset Management, L.P. | $1,871,059 | 422,361 | 0.71% | Shares |
| Jain Global LLC | $1,822,790 | 411,465 | 0.69% | Shares |
| GOLDMAN SACHS GROUP INC | $1,393,461 | 314,551 | 0.53% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,294,016 | 292,103 | 0.49% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $1,125,614 | 254,089 | 0.43% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $1,070,204 | 241,581 | 0.41% | Shares |
| Boston Partners | $991,750 | 223,872 | 0.38% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $952,494 | 215,010 | 0.36% | Shares |
| Y-Intercept (Hong Kong) Ltd | $855,557 | 193,128 | 0.33% | Shares |
| TWO SIGMA INVESTMENTS, LP | $745,206 | 168,218 | 0.28% | Shares |
| Numerai GP LLC | $706,430 | 159,465 | 0.27% | Shares |
| RHUMBLINE ADVISERS | $678,777 | 153,225 | 0.26% | Shares |
| CenterBook Partners LP | $660,867 | 149,180 | 0.25% | Shares |
| Bank of New York Mellon Corp | $640,427 | 144,566 | 0.24% | Shares |
| XTX Topco Ltd | $632,263 | 142,723 | 0.24% | Shares |
| ALLIANCEBERNSTEIN L.P. | $616,380 | 141,048 | 0.23% | Shares |
| D. E. Shaw & Co., Inc. | $602,210 | 135,939 | 0.23% | Shares |
| BANK OF AMERICA CORP /DE/ | $557,258 | 125,792 | 0.21% | Shares |
| Cubist Systematic Strategies, LLC | $542,566 | 156,359 | 0.21% | Shares |
| DEUTSCHE BANK AG\ | $495,859 | 111,932 | 0.19% | Shares |
| WELLS FARGO & COMPANY/MN | $451,231 | 101,858 | 0.17% | Shares |
| IEQ CAPITAL, LLC | $399,143 | 90,100 | 0.15% | Shares |
| PDT Partners, LLC | $384,830 | 86,869 | 0.15% | Shares |
| Squarepoint Ops LLC | $366,698 | 82,776 | 0.14% | Shares |
| Aquatic Capital Management LLC | $340,056 | 76,762 | 0.13% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $327,971 | 74,034 | 0.12% | Shares |
| MetLife Investment Management, LLC | $304,306 | 68,692 | 0.12% | Shares |
| Creative Planning | $277,119 | 62,555 | 0.11% | Shares |
| Catalyst Funds Management Pty Ltd | $276,875 | 62,500 | 0.11% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $275,369 | 62,160 | 0.10% | Shares |
| CWM, LLC | $265,364 | 60,724 | 0.10% | Shares |
| BlackRock, Inc. | $259,740 | 58,632 | 0.10% | Shares |
| Quantinno Capital Management LP | $251,726 | 56,823 | 0.10% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $248,155 | 56,017 | 0.09% | Shares |
| Balyasny Asset Management L.P. | $240,908 | 54,381 | 0.09% | Shares |
| JPMORGAN CHASE & CO | $235,636 | 54,294 | 0.09% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $221,946 | 61,873 | 0.08% | Shares |
| CITIGROUP INC | $217,562 | 49,111 | 0.08% | Shares |
| Invesco Ltd. | $205,605 | 46,412 | 0.08% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $200,497 | 45,259 | 0.08% | Shares |
| Vanguard Global Advisers, LLC | $200,289 | 45,212 | 0.08% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $182,959 | 41,300 | 0.07% | Shares |
| Police & Firemen's Retirement System of New Jersey | $176,916 | 39,936 | 0.07% | Shares |
| Campbell & CO Investment Adviser LLC | $174,245 | 39,333 | 0.07% | Shares |
| Jump Financial, LLC | $164,583 | 37,152 | 0.06% | Shares |
| ExodusPoint Capital Management, LP | $160,100 | 36,140 | 0.06% | Shares |
| R Squared Ltd | $156,875 | 35,412 | 0.06% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $154,704 | 34,922 | 0.06% | Shares |
| MARSHALL WACE, LLP | $153,898 | 34,740 | 0.06% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $153,588 | 34,670 | 0.06% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $150,465 | 33,965 | 0.06% | Shares |
| STRS OHIO | $141,760 | 32,000 | 0.05% | Shares |
| AXQ CAPITAL, LP | $125,365 | 28,299 | 0.05% | Shares |
| Focus Partners Wealth | $124,948 | 28,205 | 0.05% | Shares |
| COMERICA BANK | $121,185 | 23,997 | 0.05% | Shares |
| Cerity Partners LLC | $118,405 | 26,728 | 0.05% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $113,931 | 25,718 | 0.04% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $113,554 | 25,633 | 0.04% | Shares |
| Nuveen, LLC | $107,632 | 24,296 | 0.04% | Shares |
| Arax Advisory Partners | $105,372 | 23,786 | 0.04% | Shares |
| PRUDENTIAL FINANCIAL INC | $103,042 | 23,260 | 0.04% | Shares |
| EntryPoint Capital, LLC | $101,319 | 22,871 | 0.04% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $100,658 | 22,722 | 0.04% | Shares |
| Laurion Capital Management LP | $98,625 | 22,263 | 0.04% | Shares |
| Quadrature Capital Ltd | $94,891 | 21,420 | 0.04% | Shares |
| BAILARD, INC. | $88,157 | 19,900 | 0.03% | Shares |
| State of Tennessee, Department of Treasury | $87,754 | 19,809 | 0.03% | Shares |
| HSBC HOLDINGS PLC | $85,744 | 19,734 | 0.03% | Shares |
| NORTHERN TRUST CORP | $84,799 | 19,142 | 0.03% | Shares |
| BARCLAYS PLC | $73,439 | 16,578 | 0.03% | Shares |
| Point72 (DIFC) Ltd | $71,096 | 20,489 | 0.03% | Shares |
| ProShare Advisors LLC | $70,549 | 15,925 | 0.03% | Shares |
| Tower Research Capital LLC (TRC) | $69,081 | 15,594 | 0.03% | Shares |
| ALGERT GLOBAL LLC | $65,985 | 14,895 | 0.03% | Shares |
| NorthCrest Asset Manangement, LLC | $63,907 | 13,923 | 0.02% | Shares |
| AMERIPRISE FINANCIAL INC | $62,578 | 14,126 | 0.02% | Shares |
| MORGAN STANLEY | $62,197 | 14,040 | 0.02% | Shares |
| Aigen Investment Management, LP | $62,148 | 14,029 | 0.02% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $60,492 | 13,655 | 0.02% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $57,891 | 13,068 | 0.02% | Shares |
| Everhart Financial Group, Inc. | $57,422 | 12,962 | 0.02% | Shares |
Company insiders 17 insiders · 7 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Wenbin Jiang | President and CEO | Nov. 18, 2023 M | 5,288,095 | 0 | 0 | $0 |
| Patrick Jeanmonod | Chief Financial Officer | Dec. 26, 2023 S | 93,400 | 0 | 0 | $0 |
| Paul Christopher Williams | Chief Operating Officer | Nov. 18, 2023 M | 3,954 | 0 | 0 | $0 |
| Ming Yan | CHIEF TECHNOLOGY OFFICER | June 12, 2026 G | 4,796,688 | 0 | 0 | $0 |
| Allen Poirson | SVP Bus. and Corp. Dev. | Nov. 18, 2023 M | 48,536 | 0 | 0 | $0 |
| Valerie Barnett | General Counsel | Nov. 18, 2023 M | 31,943 | 0 | 0 | $0 |
| Jonathan Todd Garland | Chief Commercial Officer | Aug. 18, 2023 M | 8,763 | 0 | 0 | $0 |
| Vera Imper | Director | June 10, 2026 M | 59,679 | 0 | 0 | $0 |
| Jack Ball | Director | June 10, 2026 M | 86,678 | 0 | 0 | $0 |
| Michael Holder | Director | June 10, 2026 M | 60,694 | 0 | 0 | $0 |
| Richard Chin | Director | June 10, 2026 A | 22,392 | 0 | 0 | $0 |
| Deborah J Neff | Director | June 10, 2026 M | 59,679 | 0 | 0 | $0 |
| Glenn P Muir | Director | June 10, 2026 A | — | 0 | 0 | $0 |
| Gisele Dion | Director | June 14, 2023 A | 5,000 | 0 | 0 | $0 |
| Don M Hardison | Director | June 14, 2023 A | — | 0 | 0 | $0 |
| Feng Deng | Director | July 22, 2021 C | 443,800 | 0 | 0 | $0 |
| Ilan Feuchtwang | — | Aug. 10, 2026 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 |
|---|---|---|---|---|---|
| RA Capital Management, L.P., Peter Kolchinsky, Rajeev Shah, RA Capital Healthcare Fund, L.P. ×4 filings | Sept. 19, 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 32 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 |
|---|---|---|---|---|
| GSSC · Goldman Sachs ETF Trust | 0.05% | 128,422 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.04% | 255,865 NS | May 31, 2026 | N-PORT |
| IBB · iShares Trust | 0.04% | 861,161 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.03% | 1,129,696 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.03% | 106,025 SH | Aug. 8, 2026 | Daily |
| SAA · ProShares Trust | 0.02% | 1,316 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 700,141 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.02% | 123,927 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 50,933 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.02% | 3,100,507 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.01% | 427,682 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 5,534 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,299,836 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.01% | 325,613 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 529,904 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 4,327 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 4,375 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 3,616 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 318,340 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 4,282 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 10,300 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 110 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 12,189 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 26,782 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.00% | 18,244 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 30,693 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 28,356 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 62,408 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 119,364 SH | Aug. 8, 2026 | Daily |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 11,447 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,525,848 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 9,813 SH | Aug. 8, 2026 | Daily |