CTMX Stock Price Chart
Daily OHLCV with technical indicators — pan, zoom, and customize your view
04
range
bars
Bar granularity adapts to the selected period — hover the chart to see open/high/low/close for a bar.
10-Year Performance
Revenue, net income, margins and EPS trends
06
Revenue$76M2016-12-31 → 2025-12-31
Free Cash Flow$-76M2018-12-31 → 2025-12-31
Net margin-435.2%2018-12-31 → 2025-12-31
Valuation & Ratios07–12
Valuation
P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
CTMX
5Y avg
Peer Median
Verdict
P/S
5.75Y avg ≈3.3
≈3.3
125.6
Undervalued
P/B
4.45Y avg ≈-44.3
≈-44.3
2.7
Overvalued
Price / FCF
-5.75Y avg ≈-3.3
≈-3.3
·
·
Price / Cash Flow
-5.85Y avg ≈-3.3
≈-3.3
·
·
Price / Tangible Book
4.4
·
·
·
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability
Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
CTMX
5Y avg
Peer Median
Verdict
Operating Margin (TTM)
-476.2%5Y avg ≈-52.1%
≈-52.1%
-2083.6%
Top tier
EBITDA Margin
-29.3%5Y avg ≈-52.1%
≈-52.1%
-2083.6%
Top tier
Pretax Margin (TTM)
-433.9%5Y avg ≈-45.7%
≈-45.7%
-1976.9%
Top tier
Net Profit Margin (TTM)
-435.2%5Y avg ≈-46.8%
≈-46.8%
-1978.2%
Top tier
ROA
-12.8%5Y avg ≈-6.6%
≈-6.6%
-38.2%
Top tier
ROE
-15.9%5Y avg ≈-40.5%
≈-40.5%
-43.9%
Top tier
ROIC
-22.9%5Y avg ≈-1337.5%
≈-1337.5%
-39.0%
Top tier
Financial Health
Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
CTMX
5Y avg
Peer Median
Verdict
Current Ratio (MRQ)
9.45Y avg ≈1.8
≈1.8
10.7
Low liquidity
Quick Ratio
0.35Y avg ≈0.6
≈0.6
7.5
Low liquidity
Growth
Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
CTMX
5Y avg
Peer Median
Verdict
Revenue YoY
-44.8%5Y avg ≈15.8%
≈15.8%
·
·
Revenue CAGR 3Y
12.8%5Y avg ≈27.1%
≈27.1%
·
·
Revenue CAGR 5Y
2.2%
·
·
·
Per Share Metrics
EPS, book value per share, cash flow per share, dividend per share
Metric
5Y trend
CTMX
5Y avg
Peer Median
Verdict
Revenue / Share
$0.555Y avg ≈$1.09
≈$1.09
·
·
Cash Flow / Share
$-0.555Y avg ≈$-1.00
≈$-1.00
·
·
Cash / Share
$0.075Y avg ≈$0.93
≈$0.93
·
·
Capital Efficiency
Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
CTMX
5Y avg
Peer Median
Verdict
Asset Turnover
0.65Y avg ≈0.5
≈0.5
0.0
Top tier
Receivables Turnover
29.85Y avg ≈20.0
≈20.0
·
·
Revenue / Employee
≈$1.1M
·
·
·
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise2.1%
Next ReportNov 04, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 6, 2026
$-0.09
$-0.08
-13.8%
March 31, 2026
May 11, 2026
$-0.10
$-0.12
18.8%
Dec. 31, 2025
$-0.22
$-0.10
-130.4%
Sept. 30, 2025
$-0.09
$-0.05
-74.4%
June 30, 2025
$-0.00
$-0.08
98.7%
March 31, 2025
$0.27
$0.13
113.4%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue
$76M
$138M
$101M
$53M
$37M
$68M
$27M
$60M
$72M
$15M
$8M
$5M
R&D Expense
$69M
$83M
$78M
$112M
$114M
$113M
$132M
$104M
$92M
$55M
$28M
$28M
SG&A Expense
$30M
$30M
$30M
$43M
$39M
$36M
$37M
$34M
$26M
$20M
$13M
$7M
Operating Expenses
$99M
$113M
$108M
$154M
$153M
$149M
$168M
$137M
$118M
$75M
$41M
$35M
Operating Income
$-22M
$25M
$-6M
$-101M
$-116M
$-81M
$-141M
$-78M
$-46M
$-60M
$-33M
$-30M
Interest Expense
·
·
·
·
·
·
·
·
·
$2M
$2M
$487.0K
Interest Income
$5M
$7M
$10M
$2M
$255.0K
$2M
$8M
$8M
$3M
$736.0K
$1M
$7.0K
Other Non-op
$28.0K
$-38.0K
$-30.0K
$340.0K
$-83.0K
$-27.0K
$-135.0K
$-68.0K
$-27.0K
$-69.0K
$-2M
$-55.0K
Pretax Income
$-17M
$32M
$3M
$-99M
$-116M
$-79M
$-133M
$-70M
$-44M
$-59M
$-35M
$-30M
Income Tax
$238.0K
$224.0K
$4M
$0
$0
$-14M
$-427.0K
$14M
$-513.0K
$-19.0K
$10.0K
$10.0K
Net Income
$-17M
$32M
$-569.0K
$-99M
$-116M
$-65M
$-133M
$-85M
$-43M
$-59M
$-35M
$-30M
Shares (Basic)
137,935,873
84,439,303
73,808,237
65,739,844
64,146,848
46,145,563
45,335,927
·
·
·
·
·
Shares (Diluted)
137,935,873
84,745,116
73,808,237
65,739,844
64,146,848
46,145,563
45,335,927
·
·
·
·
·
EBITDA
$-22M
$25M
$-6M
$-101M
·
$-49M
$-111M
$-78M
·
·
$-33M
·
Balance Sheet27
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$13M
$38M
$17M
$194M
$206M
$192M
$188M
$248M
$178M
$105M
$60M
$64M
Short-term Investments
·
·
·
·
·
·
·
·
$197M
$77M
$127M
$0
Receivables
$2M
$3M
$3M
$36M
$790.0K
$798.0K
$13.0K
$97.0K
$10M
$2M
$372.0K
$2M
Prepaid Expense
$5M
$4M
$5M
$7M
$4M
$7M
$7M
$9M
$4M
$4M
$2M
$482.0K
Current Assets
$144M
$107M
$183M
$237M
$310M
$324M
$303M
$445M
$389M
$188M
$190M
$67M
PP&E (Net)
$1M
$2M
$4M
$5M
$6M
$7M
$7M
$7M
$4M
$4M
$3M
$3M
PP&E (Gross)
$18M
$19M
$19M
$19M
$20M
$18M
$16M
$14M
$9M
$8M
$6M
$5M
Accum. Depreciation
$17M
$16M
$15M
$14M
$14M
$11M
$9M
$7M
$5M
$4M
$3M
$2M
Goodwill
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
Intangibles
·
·
·
·
·
·
·
·
·
·
$2M
$2M
Other Non-current Assets
$31.0K
$66.0K
$83.0K
$27.0K
$901.0K
$2M
$2M
$1M
$1M
$3M
$364.0K
$492.0K
Total Assets
$152M
$121M
$202M
$261M
$339M
$359M
$341M
$457M
$398M
$199M
$197M
$73M
Accounts Payable
$1M
$1M
$1M
$3M
$3M
$3M
$4M
$5M
$4M
$7M
$5M
$2M
Accrued Liabilities
$14M
$12M
$18M
$24M
$34M
$23M
$30M
$27M
$16M
$9M
$5M
$2M
Current Liabilities
$47M
$86M
$156M
$153M
$78M
$68M
$86M
$98M
$61M
$36M
$16M
$11M
Capital Leases
$0
$4M
$9M
$14M
$18M
$22M
$25M
·
·
·
·
·
Deferred Tax
·
·
·
·
·
·
·
·
·
$513.0K
$507.0K
$499.0K
Other Non-current Liabilities
$4M
$4M
$4M
$0
·
·
$850.0K
$3M
$2M
$566.0K
$198.0K
$249.0K
Total Liabilities
$53M
$121M
$249M
$347M
$340M
$366M
$290M
$326M
$328M
$121M
$71M
$75M
Long-term Debt
·
·
·
·
·
·
·
·
·
·
·
$3M
Common Stock
$2.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
Paid-in Capital
$811M
$691M
$676M
$637M
$623M
$500M
$468M
$446M
$289M
$255M
$244M
·
Retained Earnings
$-712M
$-692M
$-723M
$-723M
$-624M
$-508M
$-443M
$-315M
$-219M
$-176M
$-117M
$-78M
AOCI
$111.0K
$27.0K
$95.0K
$10.0K
$-242.0K
$-47.0K
$57.0K
$-93.0K
$-94.0K
$-27.0K
$-76.0K
·
Stockholders' Equity
$99M
$-456.0K
$-47M
$-86M
$-459.0K
$-8M
$25M
$136M
$70M
$78M
$126M
$-79M
Liabilities + Equity
$152M
$121M
$202M
$261M
$339M
$359M
$341M
$457M
$398M
$199M
$197M
$73M
Shares Outstanding
170,186,365
80,099,889
67,310,838
66,228,046
65,392,758
48,251,819
45,523,088
45,083,209
38,478,560
36,490,169
36,033,209
996,520
Cash Flow14
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
D&A
·
·
·
·
·
·
·
$2M
$2M
$2M
$1M
$783.0K
Stock-based Comp
$6M
$8M
$9M
$13M
$13M
$15M
$19M
$17M
$11M
$10M
$4M
$553.0K
Deferred Tax
$0
$0
$0
$0
$0
·
$-37.0K
·
$-514.0K
$-20.0K
$8.0K
$9.0K
Amort. of Intangibles
$146.0K
$146.0K
$146.0K
$146.0K
$146.0K
$146.0K
$146.0K
$146.0K
$146.0K
·
·
·
Operating Cash Flow
$-76M
$-86M
$-56M
$-111M
$-119M
$5M
$-140M
$-76M
$170M
$-2M
$-27M
$32M
CapEx
$220.0K
$310.0K
$840.0K
$2M
$2M
$2M
$3M
$4M
$2M
$2M
$2M
$2M
Investing Cash Flow
$-60M
$100M
$-151M
$98M
$22M
$-19M
$80M
$6M
$-121M
$46M
·
·
Stock Issued
$110M
$7M
·
$0
$108M
$11M
$0
$135M
$20M
·
·
·
Net Stock Activity
$110M
$7M
·
$0
·
$11M
·
$135M
·
·
·
·
Financing Cash Flow
$110M
$8M
$30M
$648.0K
$110M
$17M
$2M
$140M
$24M
$996.0K
·
·
Net Change in Cash
·
·
·
·
·
·
·
·
$73M
$45M
$-5M
$56M
Taxes Paid
·
·
·
·
$0
$0
$13M
·
·
·
·
·
Free Cash Flow
$-76M
$-87M
$-57M
$-113M
·
$3M
$-144M
$-79M
·
·
$-29M
·
Levered FCF
·
·
·
·
·
·
·
·
·
·
$-31M
·
Profitability7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Operating Margin
-29.3%
18.1%
-6.4%
-190.6%
·
-48.4%
-192.9%
-130.9%
·
·
-430.5%
·
Net Margin
-22.8%
23.1%
-0.56%
-186.8%
·
-32.8%
-177.8%
-142.2%
·
·
-458.7%
·
Pretax Margin
-22.5%
23.2%
3.3%
-186.8%
·
-46.6%
-178.6%
-118.2%
·
·
-458.6%
·
EBITDA Margin
-29.3%
18.1%
-6.4%
-190.6%
·
-48.4%
-192.9%
-130.9%
·
·
-430.5%
·
ROA
-12.8%
19.8%
-0.25%
-33.1%
·
-9.4%
-25.6%
-19.8%
·
·
-26.2%
·
ROE
-15.9%
-266.6%
1.1%
119.4%
·
-67.2%
-153.5%
-58.6%
·
·
-148.9%
·
ROIC
-22.9%
-5443.1%
-2.3%
118.2%
·
-68.6%
-216.1%
-71.6%
·
·
-26.3%
·
Liquidity & Solvency3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
3.1
1.3
1.2
1.6
·
3.2
3.5
4.5
·
·
12.1
·
Quick Ratio
0.3
0.5
0.1
1.5
·
1.9
2.2
2.5
·
·
11.9
·
Interest Coverage
·
·
·
·
·
·
·
·
·
·
-19.2
·
Efficiency2
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
0.6
0.9
0.4
0.2
·
0.3
0.1
0.1
·
·
0.1
·
Receivables Turnover
29.8
42.3
5.1
2.9
·
247.5
1045.3
11.6
·
·
5.9
·
Per Share4
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Book Value / Share
$0.58
$-0.01
$-0.70
$-1.29
·
$1.03
$1.12
$2.90
·
·
$3.50
·
Revenue / Share
$0.55
$1.63
$1.37
$0.81
·
·
·
·
·
·
·
·
Cash Flow / Share
$-0.55
$-1.02
$-0.76
$-1.69
·
·
·
·
·
·
·
·
Cash / Share
$0.07
$0.48
$0.26
$2.92
·
$3.98
$4.14
$5.49
·
·
$1.66
·
Growth Rates3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue YoY
-44.8%
36.4%
90.4%
42.5%
-45.5%
·
·
·
·
·
·
·
Revenue CAGR 3Y
12.8%
54.7%
13.9%
·
·
·
·
·
·
·
·
·
Revenue CAGR 5Y
2.2%
·
·
·
·
·
·
·
·
·
·
·
Valuation (TTM)8
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$76M
$138M
$101M
$53M
$37M
$68M
$27M
$60M
$72M
$15M
$8M
·
Net Income TTM
$-17M
$32M
$-569.0K
$-99M
$-116M
$-65M
$-133M
$-85M
$-43M
$-59M
$-35M
·
Market Cap
$725M
$83M
$104M
$106M
·
$316M
$378M
$681M
·
·
$752M
·
P/S
9.5
0.6
1.0
2.0
·
4.6
14.1
11.4
·
·
97.5
·
P/B
7.3
-180.9
-2.2
-1.2
·
6.3
7.4
5.2
·
·
6.0
·
P / Tangible Book
7.4
·
·
·
·
·
·
·
·
·
·
·
P / Cash Flow
-9.6
-1.0
-1.9
-1.0
·
60.1
-2.7
-9.0
·
·
-27.4
·
P / FCF
-9.6
-1.0
-1.8
-0.9
·
107.1
-2.6
-8.6
·
·
-25.9
·
Income Statement13
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue
$1M
$10M
$663.0K
$6M
$19M
$51M
$38M
$33M
$25M
$27M
$26M
$25M
$23M
$20M
$11M
R&D Expense
$18M
$19M
$21M
$15M
$13M
$19M
$15M
$21M
$25M
$19M
$16M
$21M
$21M
$20M
$30M
SG&A Expense
$8M
$11M
$7M
$6M
$7M
$9M
$6M
$8M
$8M
$8M
$7M
$7M
$8M
$10M
$10M
Operating Expenses
$25M
$30M
$29M
$22M
$20M
$28M
$20M
$29M
$34M
$27M
$23M
$28M
$29M
$30M
$41M
Operating Income
$-24M
$-20M
$-28M
$-16M
$-1M
$23M
$18M
$4M
$-8M
$-606.0K
$3M
$-3M
$-6M
$-10M
$-30M
Interest Income
$3M
$1M
$1M
$2M
$1M
$955.0K
$1M
$2M
$2M
$3M
$3M
$2M
$2M
$732.0K
$616.0K
Other Non-op
$18.0K
$-7.0K
$-5.0K
$5.0K
$17.0K
$11.0K
$-18.0K
$-7.0K
$-2.0K
$9.0K
$-7.0K
$-47.0K
$15.0K
$1.0K
$30.0K
Pretax Income
$-21M
$-18M
$-26M
$-14M
$-91.0K
$24M
$19M
$6M
$-6M
$2M
$6M
$-1M
$-3M
$-9M
$-29M
Income Tax
$60.0K
$59.0K
$55.0K
$58.0K
$63.0K
$62.0K
$63.0K
$61.0K
$51.0K
$1M
$3M
$0
$0
$0
$0
Net Income
$-21M
$-18M
$-27M
$-14M
$-154.0K
$24M
$19M
$6M
$-7M
$837.0K
$3M
$-1M
$-3M
$-9M
$-29M
Shares (Basic)
218,939,423
177,273,000
·
165,004,291
129,075,546
87,121,502
·
85,093,227
84,880,632
·
80,731,951
66,536,202
66,248,992
·
65,912,334
Shares (Diluted)
218,939,423
177,273,000
·
165,004,291
129,075,546
87,150,666
·
85,204,709
84,880,632
·
80,991,722
66,536,202
66,248,992
·
65,912,334
EBITDA
$-24M
$-20M
·
$-16M
$-1M
$23M
·
$4M
$-8M
·
$3M
$-3M
$-6M
·
$-24M
Balance Sheet23
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Cash & Equivalents
$17M
$29M
$13M
$34M
$49M
$48M
$38M
$41M
$43M
$17M
$26M
$58M
$56M
$194M
$95M
Receivables
$37M
$646.0K
$2M
$2M
$2M
$2M
$3M
$3M
$3M
$3M
$2M
$2M
$1M
$36M
$2M
Prepaid Expense
$4M
$6M
$5M
$4M
$5M
$5M
$4M
$3M
$3M
$5M
$5M
$5M
$7M
$7M
$4M
Current Assets
$373M
$353M
$144M
$149M
$165M
$87M
$107M
$124M
$143M
$183M
$201M
$188M
$212M
$237M
$200M
PP&E (Net)
$1M
$1M
$1M
$2M
$2M
$2M
$2M
$3M
$3M
$4M
$4M
$4M
$5M
$5M
$6M
PP&E (Gross)
·
·
$18M
·
·
·
$19M
·
·
$19M
·
·
·
$19M
·
Accum. Depreciation
·
·
$17M
·
·
·
$16M
·
·
$15M
·
·
·
$14M
·
Goodwill
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
$949.0K
Other Non-current Assets
$31.0K
$31.0K
$31.0K
$51.0K
$56.0K
$61.0K
$66.0K
$70.0K
$76.0K
$83.0K
$87.0K
$91.0K
$27.0K
$27.0K
$895.0K
Total Assets
$381M
$359M
$152M
$158M
$175M
$98M
$121M
$139M
$159M
$202M
$221M
$209M
$235M
$261M
$226M
Accounts Payable
$2M
$1M
$1M
$646.0K
$227.0K
$276.0K
$1M
$1M
$611.0K
$1M
$2M
$1M
$2M
$3M
$5M
Accrued Liabilities
$12M
$12M
$14M
$12M
$12M
$11M
$12M
$17M
$14M
$18M
$21M
$20M
$22M
$24M
$31M
Current Liabilities
$40M
$34M
$47M
$41M
$39M
$50M
$86M
$119M
$143M
$156M
$147M
$141M
$151M
$153M
$98M
Capital Leases
$4M
·
$0
$0
$1M
$3M
$4M
$6M
$7M
$9M
$11M
$12M
$13M
$14M
$15M
Other Non-current Liabilities
$4M
$4M
$4M
$4M
$4M
$4M
$4M
$4M
$4M
$4M
$3M
$216.0K
·
$0
·
Total Liabilities
$79M
$39M
$53M
$51M
$55M
$73M
$121M
$162M
$190M
$249M
$272M
$294M
$321M
$347M
$198M
Common Stock
$2.0K
$2.0K
$2.0K
$2.0K
$2.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
$1.0K
Paid-in Capital
$1.05B
$1.05B
$811M
$790M
$788M
$693M
$691M
$687M
$685M
$676M
$673M
$642M
$640M
$637M
$634M
Retained Earnings
$-751M
$-730M
$-712M
$-682M
$-668M
$-668M
$-692M
$-710M
$-716M
$-723M
$-724M
$-727M
$-726M
$-723M
$-605M
AOCI
$-196.0K
$102.0K
$111.0K
$104.0K
$33.0K
$-1.0K
$27.0K
$40.0K
$-4.0K
$95.0K
$-63.0K
$35.0K
$26.0K
$10.0K
$-795.0K
Stockholders' Equity
$302M
$320M
$99M
$107M
$120M
$25M
$-456.0K
$-23M
$-31M
$-47M
$-51M
$-85M
$-87M
$-86M
$28M
Liabilities + Equity
$381M
$359M
$152M
$158M
$175M
$98M
$121M
$139M
$159M
$202M
$221M
$209M
$235M
$261M
$226M
Shares Outstanding
·
·
170,186,365
·
·
·
80,099,889
·
·
67,310,838
·
·
·
66,228,046
65,950,242
Cash Flow10
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Stock-based Comp
$3M
$5M
$1M
$1M
$1M
$2M
$2M
$2M
$2M
$3M
$1M
$2M
$2M
$3M
$3M
Amort. of Intangibles
$36.0K
$37.0K
$37.0K
$36.0K
$37.0K
$36.0K
$37.0K
$36.0K
$37.0K
$37.0K
$36.0K
$37.0K
$36.0K
$36.0K
$37.0K
Restructuring
·
·
·
·
·
·
·
·
·
·
·
·
·
·
$7M
Operating Cash Flow
$-18M
$-26M
$-23M
$-16M
$-16M
$-21M
$-20M
$-21M
$-20M
$-22M
$-18M
$-25M
$9M
$-1M
$-34M
CapEx
$0
$0
$201.0K
$-127.0K
$27.0K
$119.0K
$80.0K
$19.0K
$96.0K
$266.0K
$9.0K
$517.0K
$48.0K
$182.0K
$410.0K
Investing Cash Flow
$6M
$-193M
$-14M
$439.0K
$-76M
$31M
$15M
$18M
$22M
$13M
$-43M
$26M
$-147M
$100M
$-410.0K
Stock Issued
$56.0K
$228M
$16M
$0
$93M
$0
$2M
$0
·
·
$0
·
·
·
$0
Net Stock Activity
·
$228M
·
·
·
·
·
·
·
·
·
·
·
·
·
Financing Cash Flow
$511.0K
$234M
$17M
$253.0K
$94M
$0
$2M
$0
$5M
$244.0K
$30M
$317.0K
$0
$190.0K
$0
Free Cash Flow
·
$-26M
·
·
·
$-21M
·
·
·
·
·
·
$9M
·
·
Profitability7
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Operating Margin
-1677.1%
-191.8%
·
-264.4%
-6.9%
44.4%
·
12.3%
-33.7%
·
11.8%
-13.5%
-24.1%
·
-141.5%
Net Margin
-1457.4%
-177.9%
·
-238.6%
-0.83%
46.2%
·
17.2%
-26.0%
·
11.3%
-4.4%
-14.1%
·
-137.7%
Pretax Margin
-1453.2%
-177.3%
·
-237.7%
-0.49%
46.3%
·
17.3%
-25.8%
·
22.0%
·
·
·
·
EBITDA Margin
-1677.1%
-191.8%
·
-264.4%
-6.9%
44.4%
·
12.3%
-33.7%
·
11.8%
-13.5%
-24.1%
·
-141.5%
ROA
-7.4%
-8.0%
·
-9.6%
-0.09%
16.6%
·
3.2%
·
·
1.3%
-0.46%
-1.2%
·
-7.8%
ROE
-9.8%
-10.6%
·
-33.9%
-0.35%
-709.6%
·
-15.4%
·
·
-26.3%
6.0%
35.9%
·
-33.2%
ROIC
-7.9%
-6.2%
·
-14.7%
-1.8%
90.1%
·
-17.3%
·
·
-3.1%
·
·
·
·
Liquidity & Solvency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Current Ratio
9.4
10.4
·
3.6
4.2
1.7
·
1.0
·
·
1.4
1.3
1.4
·
2.0
Quick Ratio
1.4
0.9
·
0.9
1.3
1.0
·
0.4
·
·
0.2
0.4
0.4
·
1.0
Efficiency2
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Asset Turnover
0.0
0.0
·
0.0
0.1
0.4
·
0.2
·
·
0.1
0.1
0.1
·
0.1
Receivables Turnover
0.1
7.9
·
2.4
8.0
6.7
·
11.6
·
·
12.8
17.0
22.3
·
13.0
Per Share4
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Book Value / Share
·
·
·
·
·
·
·
·
·
·
·
·
·
·
$0.43
Revenue / Share
$0.01
$0.06
·
$0.04
$0.14
$0.58
·
$0.39
$0.30
·
$0.33
$0.37
$0.35
·
$0.26
Cash Flow / Share
·
$-0.14
·
·
·
$-0.24
·
·
·
·
·
·
$0.14
·
·
Cash / Share
·
·
·
·
·
·
·
·
·
·
·
·
·
·
$1.44
Valuation (TTM)6
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue TTM
$18M
$36M
·
$114M
$141M
$148M
·
·
·
·
·
·
·
·
$21M
Net Income TTM
$-80M
$-59M
·
$28M
$48M
$42M
·
·
·
·
·
·
·
·
$-125M
Market Cap
·
·
·
·
·
·
·
·
·
·
·
·
·
·
$96M
P/S
·
·
·
·
·
·
·
·
·
·
·
·
·
·
4.7
P/B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
3.4
P / Tangible Book
·
·
·
·
·
·
·
·
·
·
·
·
·
·
3.5
Most recent period on the left · null values shown as ·
Financial Statements
Income statement, balance sheet, cash flow — annual, last 5 years
16
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Revenue
$76M
$138M
$101M
$53M
$37M
Operating Margin %
-29.3%
18.1%
-6.4%
-190.6%
·
Net Income
$-17M
$32M
$-569.0K
$-99M
$-116M
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Current Ratio
3.1
1.3
1.2
1.6
·
Quick Ratio
0.3
0.5
0.1
1.5
·
Metric
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Free Cash Flow
$-76M
$-87M
$-57M
$-113M
·
Institutional owners (13F)
187 filers
· $841.4M total
· As of June 30, 2026
17
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.
Holders187
Value held$841.4M
New positions48
Exited positions46
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
48 (-34 vs prior Q)
46 (+28 vs prior Q)
67 (+6 vs prior Q)
37 (+9 vs prior Q)
+17.2M
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.