Earnings History
EPS actual vs estimate, surprise %, beat rate, next earnings date
14
Avg Surprise-33.3%
Next ReportOct 26, 2026
Period
Report
EPS Actual
EPS Est
Surprise
June 30, 2026
Aug 3, 2026
$0.07
$0.06
25.9%
March 31, 2026
$0.03
$0.09
-67.0%
Dec. 31, 2025
$0.10
$0.11
-5.7%
Sept. 30, 2025
$0.02
$0.12
-82.8%
June 30, 2025
$0.09
$0.12
-25.7%
March 31, 2025
$0.07
$0.13
-44.6%
Full Fundamentals
All metrics by year — income statement, balance sheet, cash flow
15
Income Statement10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue
$336M
$302M
$287M
$294M
$275M
$245M
$222M
$161M
$131M
$105M
Cost of Revenue
$77M
$70M
$72M
$67M
$57M
$48M
$48M
$31M
$25M
$21M
Operating Expenses
$252M
$225M
$222M
$222M
$204M
$192M
$186M
$131M
$108M
$91M
Operating Income
·
·
·
·
·
·
·
·
$23M
$14M
Net Income
$13M
$20M
$19M
$31M
$30M
$12M
$7M
$6M
$4M
$4M
EPS (Basic)
$0.27
$0.46
$0.48
$0.34
$0.35
$0.15
$0.10
$0.09
$0.11
$0.13
EPS (Diluted)
$0.27
$0.46
$0.48
$0.34
$0.35
$0.15
$0.10
$0.08
$0.10
$0.12
Shares (Basic)
44,922,497
41,377,580
37,705,666
90,613,966
84,043,012
78,219,491
68,769,526
53,511,137
39,607,740
30,645,279
Shares (Diluted)
45,057,895
41,503,418
37,822,421
90,948,701
84,619,390
78,791,453
69,208,966
54,931,380
41,563,540
32,372,538
EBITDA
·
·
·
·
·
·
·
·
$23M
$13M
Balance Sheet12
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Cash & Equivalents
$23M
$19M
$9M
$8M
$11M
$8M
$12M
$7M
$13M
$5M
Other Current Assets
·
$2M
$3M
$4M
$2M
$400.0K
·
·
·
·
Intangibles
$184M
$161M
$148M
$157M
$186M
$163M
$169M
$166M
$143M
$115M
Total Assets
$3.38B
$3.22B
$2.88B
$2.83B
$2.83B
$2.46B
$2.23B
$1.86B
$1.43B
$1.05B
Total Liabilities
$2.01B
$1.84B
$1.47B
$1.42B
$1.38B
$1.16B
$1.03B
$836M
$634M
$349M
Long-term Debt
$1.67B
$1.60B
$1.29B
$1.25B
$1.21B
$978M
$902M
$766M
$576M
$293M
Common Stock
$463.0K
$432.0K
$1M
$908.0K
$901.0K
$821.0K
$748.0K
$608.0K
$448.0K
$369.0K
Retained Earnings
$145M
$132M
$112M
$93M
$62M
$32M
$20M
$13M
$7M
$3M
AOCI
$-5M
$683.0K
$2M
$4M
$-5M
$-11M
$-5M
$2M
$3M
$3M
Stockholders' Equity
$1.32B
$1.32B
$1.32B
$1.24B
$1.28B
$1.15B
$1.06B
$894M
$668M
$560M
Liabilities + Equity
$3.38B
$3.22B
$2.88B
$2.83B
$2.83B
$2.46B
$2.23B
$1.86B
$1.43B
$1.05B
Shares Outstanding
46,303,469
43,188,224
100,973,247
90,814,021
90,147,868
82,106,256
74,832,292
60,849,206
44,787,040
36,874,810
Cash Flow10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
D&A
$114M
$96M
$91M
$98M
$91M
$94M
$92M
$66M
$55M
$46M
Stock-based Comp
$6M
$3M
$6M
$7M
$5M
$4M
$5M
$3M
$3M
$3M
Amort. of Intangibles
$24M
$20M
$21M
$26M
$25M
$35M
$41M
·
·
·
Operating Cash Flow
$259M
$163M
$114M
$126M
$118M
$145M
$142M
$63M
$49M
$47M
Investing Cash Flow
$-285M
$-410M
$-127M
$-69M
$-363M
$-290M
$-442M
$-467M
$-396M
$-170M
Stock Issued
$64M
$72M
$86M
$10M
$176M
$162M
$259M
$298M
$126M
$110M
Net Stock Activity
$64M
$72M
$86M
$10M
$176M
$162M
$259M
$298M
$126M
$110M
Dividends Paid
$95M
$116M
$112M
$109M
$100M
$92M
$82M
$66M
$49M
$40M
Financing Cash Flow
$32M
$253M
$17M
$-60M
$250M
$144M
$304M
$399M
$356M
$119M
Net Change in Cash
$6M
$6M
$5M
$-3M
$5M
$-880.0K
$4M
$-5M
$10M
$-3M
Profitability3
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Net Margin
3.9%
6.5%
6.6%
10.7%
10.9%
4.9%
3.2%
3.5%
·
·
ROA
0.39%
0.64%
0.66%
1.1%
1.1%
0.51%
0.35%
0.35%
0.36%
0.35%
ROE
0.98%
1.5%
1.5%
2.5%
2.5%
1.1%
0.74%
0.73%
0.72%
0.73%
Efficiency1
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Asset Turnover
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
·
·
Per Share7
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Book Value / Share
$28.58
$12.24
$13.09
$13.71
$14.23
$14.06
$14.20
$14.69
$14.91
$15.17
Revenue / Share
$7.46
$2.91
$3.04
$3.23
$3.25
$3.11
$3.20
$2.92
·
·
Cash Flow / Share
$5.75
$1.57
$1.21
$1.38
$1.40
$1.84
$2.06
$1.14
$1.18
$1.46
Cash / Share
$0.50
$0.18
$0.09
$0.08
$0.12
$0.10
$0.16
$0.11
$0.28
$0.13
Dividend / Share
$2.01
$2.65
$2.65
$1.06
$1.05
$1.04
$1.04
$1.04
$1.00
$0.92
Dividend Paid / Share
$2.01
$2.65
$2.65
$1.06
$1.05
$1.04
$1.04
·
·
·
EPS (TTM)
$0.27
$0.46
$0.48
$0.34
$0.35
$0.15
$0.10
$0.08
$0.10
$0.12
Growth Rates10
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue YoY
11.3%
5.2%
-2.2%
6.8%
12.2%
·
·
·
·
·
Revenue CAGR 3Y
4.6%
3.2%
5.4%
·
·
·
·
·
·
·
Revenue CAGR 5Y
6.5%
·
·
·
·
·
·
·
·
·
EPS YoY
-41.3%
-4.2%
41.2%
-2.9%
133.3%
·
·
·
·
·
EPS CAGR 3Y
-7.4%
9.5%
47.4%
·
·
·
·
·
·
·
EPS CAGR 5Y
12.5%
·
·
·
·
·
·
·
·
·
Net Income YoY
-33.5%
4.0%
-40.3%
4.7%
151.3%
·
·
·
·
·
Net Income CAGR 3Y
-25.5%
-13.4%
16.3%
·
·
·
·
·
·
·
Net Income CAGR 5Y
1.7%
·
·
·
·
·
·
·
·
·
Dividends Paid CAGR 5Y
0.61%
·
·
·
·
·
·
·
·
·
Valuation (TTM)12
Metric
Trend
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
Revenue TTM
$336M
$302M
$287M
$294M
$275M
$245M
$222M
$161M
$131M
$105M
Net Income TTM
$13M
$20M
$19M
$31M
$30M
$12M
$7M
$6M
$4M
$4M
Market Cap
$981M
$3.07B
$3.39B
$3.24B
$5.17B
$4.65B
$4.44B
$2.39B
$2.39B
$1.85B
P/E
78.5
61.7
70.0
104.9
163.7
377.5
593.2
490.0
533.5
417.1
P/S
2.9
10.2
11.8
11.0
18.8
19.0
20.0
14.9
18.3
17.6
P/B
0.7
2.3
2.6
2.6
4.0
4.0
4.2
2.7
3.6
3.3
P / Tangible Book
0.9
2.6
2.9
3.0
4.7
4.7
·
·
·
·
P / Cash Flow
3.8
18.9
29.6
25.7
43.6
32.0
31.2
38.0
48.5
39.0
Dividend Yield
9.6%
3.8%
3.3%
3.4%
1.9%
2.0%
1.8%
2.8%
2.1%
2.2%
Earnings Yield
1.3%
1.6%
1.4%
0.95%
0.61%
0.26%
0.17%
0.20%
0.19%
0.24%
Payout Ratio
727.4%
592.8%
597.6%
346.9%
332.7%
767.1%
1136.3%
1156.3%
1105.7%
1179.9%
Annual Payout
$95M
$116M
$112M
$109M
$100M
$92M
$82M
$66M
$49M
$40M
Income Statement8
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
$92M
$92M
$87M
$86M
$84M
$79M
$78M
$75M
$76M
$73M
$73M
$72M
$71M
$71M
$74M
$75M
Cost of Revenue
$20M
$21M
$20M
$21M
$19M
$18M
$19M
$17M
$18M
$17M
$18M
$19M
$18M
$18M
$18M
$18M
Operating Expenses
$70M
$72M
$66M
$65M
$63M
$59M
$57M
$55M
$58M
$55M
$56M
$55M
$55M
$56M
$57M
$57M
Net Income
$3M
$1M
$5M
$1M
$4M
$3M
$5M
$5M
$5M
$5M
$4M
$5M
$5M
$4M
$16M
$642.0K
EPS (Basic)
$0.06
$0.02
$0.09
$0.02
$0.09
$0.07
$0.13
$0.11
$0.11
$0.11
$0.33
$0.06
$0.05
$0.04
$0.17
$0.01
EPS (Diluted)
$0.06
$0.02
$0.09
$0.02
$0.09
$0.07
$0.13
$0.11
$0.11
$0.11
$0.33
$0.06
$0.05
$0.04
$0.17
$0.01
Shares (Basic)
46,463,199
46,260,517
·
45,337,184
45,011,585
43,224,145
·
41,406,098
41,165,590
40,797,257
·
93,537,121
93,358,851
91,099,357
·
90,772,706
Shares (Diluted)
46,699,118
46,453,599
·
45,485,375
45,111,753
43,372,207
·
41,561,832
41,280,249
40,894,004
·
93,849,444
93,641,382
91,329,140
·
91,119,372
Balance Sheet12
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
$3M
$2M
$23M
$4M
$5M
$8M
$19M
$31M
$15M
$44M
·
$21M
$10M
$9M
·
$11M
Other Current Assets
·
·
·
·
·
·
·
$2M
$3M
$3M
·
$3M
$3M
$3M
·
$1M
Intangibles
$182M
$190M
$184M
$191M
$188M
$156M
$161M
$146M
$148M
$143M
·
$141M
$146M
$151M
·
$178M
Total Assets
$3.42B
$3.42B
$3.38B
$3.38B
$3.36B
$3.22B
$3.22B
$3.10B
$3.00B
$2.94B
·
$2.83B
$2.81B
$2.82B
·
$2.96B
Total Liabilities
$2.06B
$2.06B
$2.01B
$2.00B
$1.97B
$1.83B
$1.84B
$1.72B
$1.62B
$1.55B
·
$1.39B
$1.39B
$1.38B
·
$1.54B
Long-term Debt
$1.71B
$1.71B
$1.67B
$1.64B
$1.72B
$1.60B
$1.60B
$1.47B
$1.40B
$1.36B
·
$1.22B
$1.22B
$1.22B
·
$1.37B
Common Stock
$473.0K
$464.0K
$463.0K
$461.0K
$453.0K
$447.0K
$432.0K
$1M
$1M
$1M
·
$951.0K
$934.0K
$934.0K
·
$908.0K
Retained Earnings
$149M
$146M
$145M
$140M
$139M
$135M
$132M
$126M
$122M
$117M
·
$108M
$102M
$97M
·
$77M
AOCI
$-567.0K
$-3M
$-5M
$-5M
$-5M
$-3M
$683.0K
$489.0K
$2M
$3M
·
$4M
$5M
$2M
·
$4M
Stockholders' Equity
$1.32B
$1.31B
$1.32B
$1.33B
$1.33B
$1.33B
$1.32B
$1.32B
$1.30B
$1.32B
·
$1.27B
$1.26B
$1.27B
·
$1.25B
Liabilities + Equity
$3.42B
$3.42B
$3.38B
$3.38B
$3.36B
$3.22B
$3.22B
$3.10B
$3.00B
$2.94B
·
$2.83B
$2.81B
$2.82B
·
$2.96B
Shares Outstanding
47,321,617
46,444,374
46,303,469
46,108,379
45,354,115
44,702,490
43,188,224
105,666,329
103,034,602
102,354,702
·
95,117,527
93,415,706
93,389,906
·
90,814,021
Cash Flow9
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
$32M
$33M
$30M
$29M
$29M
$27M
$25M
$24M
$24M
$24M
$23M
$22M
$23M
$23M
$25M
$25M
Stock-based Comp
$2M
$2M
$2M
$2M
$1M
$1M
$1M
$-181.0K
$1M
$1M
$1M
$2M
$1M
$2M
$2M
$2M
Operating Cash Flow
$45M
$27M
$42M
$155M
$38M
$24M
$25M
$57M
$57M
$24M
$18M
$38M
$37M
$22M
$22M
$39M
Investing Cash Flow
$-36M
$-73M
$-28M
$-66M
$-147M
$-45M
$-158M
$-125M
$-101M
$-25M
$-78M
$-28M
$-10M
$-11M
$120M
$-42M
Stock Issued
$19M
$2M
$0
$17M
$5M
$41M
$28M
$35M
·
·
$0
$34M
$0
$52M
$0
$0
Net Stock Activity
·
$2M
·
·
·
$41M
·
·
·
·
·
·
·
$52M
·
·
Dividends Paid
$22M
$22M
$22M
$21M
$21M
$30M
$30M
$29M
$29M
$29M
$29M
$28M
$28M
$27M
$27M
$27M
Financing Cash Flow
$-8M
$25M
$5M
$-89M
$105M
$11M
$122M
$80M
$16M
$35M
$49M
$1M
$-26M
$-8M
$-147M
$6M
Net Change in Cash
$975.0K
$-21M
$19M
$158.0K
$-3M
$-10M
$-11M
$12M
$-29M
$34M
$-12M
$12M
$1M
$3M
$-4M
$3M
Profitability3
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
Net Margin
3.3%
1.5%
·
1.4%
4.8%
4.0%
·
6.5%
6.0%
6.3%
·
7.5%
7.1%
5.5%
·
0.86%
ROA
0.09%
0.04%
·
0.04%
0.13%
0.10%
·
0.16%
0.16%
0.16%
·
0.19%
0.18%
0.14%
·
0.02%
ROE
0.23%
0.10%
·
0.09%
0.31%
0.24%
·
0.38%
0.36%
0.36%
·
0.43%
0.40%
0.30%
·
0.05%
Efficiency1
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
0.0
0.0
·
0.0
0.0
0.0
·
0.0
0.0
0.0
·
0.0
0.0
0.0
·
0.0
Per Share7
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
Book Value / Share
$27.79
$28.18
·
$28.92
$29.42
$29.83
·
$12.45
$12.66
$12.88
·
$13.36
$13.45
$13.63
·
$13.80
Revenue / Share
$1.98
$1.97
·
$1.89
$1.87
$1.81
·
$0.72
$0.74
$0.71
·
$0.77
$0.76
$0.78
·
$0.82
Cash Flow / Share
·
$0.59
·
·
·
$0.56
·
·
·
$0.23
·
·
·
$0.24
·
·
Cash / Share
$0.07
$0.04
·
$0.09
$0.10
$0.19
·
$0.30
$0.14
$0.43
·
$0.22
$0.11
$0.09
·
$0.12
Dividend / Share
$0.45
$0.45
$0.45
$0.45
$0.45
$0.66
$0.67
$0.66
$0.66
$0.66
$1.85
$0.27
$0.27
$0.27
$0.27
$0.27
Dividend Paid / Share
$0.45
$0.45
$0.45
$0.45
$0.45
$0.66
$0.67
$0.66
$0.66
$0.66
$1.85
$0.27
$0.27
$0.27
$0.27
$0.27
EPS (TTM)
$0.19
$0.22
·
$0.31
$0.40
$0.42
·
$0.66
$0.61
$0.55
·
$0.32
$0.27
$0.30
·
$0.25
Valuation (TTM)12
Metric
Trend
Q2 2026
Q1 2026
Q4 2025
Q3 2025
Q2 2025
Q1 2025
Q4 2024
Q3 2024
Q2 2024
Q1 2024
Q4 2023
Q3 2023
Q2 2023
Q1 2023
Q4 2022
Q3 2022
Revenue TTM
$357M
$349M
·
$327M
$316M
$308M
·
$296M
$294M
$289M
·
$288M
$291M
$293M
·
$292M
Net Income TTM
$10M
$11M
·
$14M
$18M
$18M
·
$19M
$19M
$20M
·
$31M
$26M
$28M
·
$22M
Market Cap
$1.18B
$995M
·
$1.06B
$1.01B
$1.18B
·
$3.59B
$3.19B
$2.95B
·
$2.72B
$3.39B
$3.21B
·
$3.58B
P/E
131.2
97.4
·
74.0
55.5
63.1
·
51.4
50.7
52.3
·
89.3
134.3
114.5
·
157.7
P/S
3.3
2.9
·
3.2
3.2
3.8
·
12.1
10.9
10.2
·
9.4
11.6
11.0
·
12.3
P/B
0.9
0.8
·
0.8
0.8
0.9
·
2.7
2.4
2.2
·
2.1
2.7
2.5
·
2.9
P / Tangible Book
1.0
0.9
·
0.9
0.9
1.0
·
3.1
2.8
2.5
·
2.4
3.0
2.9
·
3.3
P / Cash Flow
·
36.4
·
·
·
49.0
·
·
·
123.3
·
·
·
148.3
·
·
Dividend Yield
7.3%
8.7%
·
9.7%
10.9%
9.9%
·
3.2%
3.6%
3.9%
·
4.1%
3.3%
3.4%
·
3.0%
Earnings Yield
0.76%
1.0%
·
1.4%
1.8%
1.6%
·
1.9%
2.0%
1.9%
·
1.1%
0.74%
0.87%
·
0.63%
Payout Ratio
·
1597.8%
·
·
·
967.1%
·
·
·
620.1%
·
·
·
705.8%
·
·
Annual Payout
$87M
$86M
·
$102M
$110M
$117M
·
$115M
$114M
$114M
·
$111M
$110M
$110M
·
$108M
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
$336M
$302M
$287M
$294M
$275M
Net Income
$13M
$20M
$19M
$31M
$30M
Diluted EPS
$0.27
$0.46
$0.48
$0.34
$0.35
No data for this statement
Not enough fundamentals data to build this statement yet.
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F)
268 filers
· $1.0B total
· As of Sept. 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.
Holders268
Value held$1.0B
New positions44
Exited positions16
Institutional activity — Q2 2026 vs prior quarter
New positions
Exited positions
Increased
Decreased
Net shares change
44 (+7 vs prior Q)
16 (-2 vs prior Q)
96 (+13 vs prior Q)
69 (+1 vs prior Q)
+1.6M
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.
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.
USGP II Investor, LP, U.S. Government Properties Income & Growth Fund II, LP, USGP II GP, LLC, Easterly Funds Administration, LLC, Easterly Capital, LLC, Darrell W. Crate
×2 filings
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.
Company insiders
18 insiders
· 11 officers · 9 directors