FTRE Fortrea Holdings Inc. - Common Stock
$18.20
Price · Aug 19, 2026
Fundamentals as of Jul 29, 2026
52W Range
$7–$21
77% of range
Analyst Rating
BUY
17 analysts
Price Target
$21
+13% upside
P/E (TTM)
-1.7
ROE
-171.1%
Net Profit Margin
-36.2%
FTRE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$18.20
Market Cap
$1.72B
P/E (TTM)
-1.7
EPS (TTM)
$-10.81
Revenue (TTM)
$2.72B
Div Yield
—
ROE
-171.1%
Debt/Equity
1.9
52W Range
$7 – $21
FTRE 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
$2.72B
2021-12-31
→
2025-12-31
EPS
$-10.81
2021-12-31
→
2025-12-31
Free Cash Flow
$88M
2023-12-31
→
2025-12-31
Margins
-36.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FTRE
Peer Median
P/E (TTM)
-1.7
91.9
P/S (TTM)
0.6
3.5
P/B
3.1
2.8
EV / EBITDA
-3.3
—
Price / FCF
19.5
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FTRE
Peer Median
Operating Margin
-32.0%
—
Net Profit Margin
-36.2%
-18.3%
ROA
-31.3%
-7.7%
ROE
-171.1%
-15.5%
ROIC
-54.2%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FTRE
Peer Median
Debt / Equity
1.9
0.1
Current Ratio
1.0
3.5
Quick Ratio
0.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FTRE
Peer Median
Revenue YoY
1.0%
—
Revenue CAGR 3Y
-1.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FTRE
Peer Median
FTRE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
17 analysts
- Strong Buy 4 23.5%
- Buy 6 35.3%
- Hold 6 35.3%
- Sell 1 5.9%
- Strong Sell 0 0.0%
12-Month Price Target
11 analysts · 2026-08-16
Median
$22.00
Mean
$20.55
Now
$18.20
Low
$13.00
High
$26.00
Median target
$22.00
+20.9%
Mean target
$20.55
+12.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.05%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.23 | $0.18 | 0.05% |
| March 31, 2026 | $0.16 | $0.05 | 0.11% |
| Dec. 31, 2025 | $0.09 | $0.16 | -0.07% |
| Sept. 30, 2025 | $0.12 | $0.15 | -0.03% |
| June 30, 2025 | $0.19 | $0.06 | 0.13% |
| March 31, 2025 | $0.02 | $-0.07 | 0.10% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FTRE | $1.61B | -1.6 | 1.0% | -36.2% | -171.1% | — |
| SHC | $5.02B | 65.3 | 5.7% | 6.7% | 14.0% | 55.5% |
| ADPT | $2.50B | -41.6 | 54.8% | -21.5% | -28.2% | — |
| ALMR | — | — | — | — | — | — |
| BLFS | — | -241.8 | 28.9% | — | — | — |
| 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% |
| CTKB | $649M | 505.0 | 0.52% | -33.0% | -18.5% | 51.8% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $2.72B | $2.70B | $2.84B | $2.84B | $3.06B | |
| SG&A Expense | $456M | $561M | $448M | $416M | $303M | |
| Operating Expenses | $3.60B | $2.86B | $2.81B | $2.65B | $2.94B | |
| Operating Income | $-873M | $-162M | $32M | $187M | $114M | |
| Interest Expense | · | · | $70M | $200.0K | $200.0K | |
| Other Non-op | $8M | $21M | $7M | $2M | $2M | |
| Pretax Income | $-983M | $-275M | $-30M | $187M | $136M | |
| Income Tax | $3M | $-4M | $1M | $41M | $38M | |
| Net Income | $-986M | $-328M | $-25M | $186M | $98M | |
| EPS (Basic) | $-10.81 | $-3.67 | $-0.29 | $2.09 | $1.10 | |
| EPS (Diluted) | $-10.81 | $-3.67 | $-0.29 | $2.09 | $1.10 | |
| Shares (Basic) | · | 89,500,000 | 88,800,000 | 88,800,000 | 88,800,000 | |
| Shares (Diluted) | · | 89,500,000 | 88,800,000 | 88,800,000 | 88,800,000 | |
| EBITDA | $-795M | $-75M | $160M | · | · |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $175M | $118M | $109M | $112M | · | |
| Prepaid Expense | $133M | $170M | $85M | $113M | · | |
| Other Current Assets | $38M | $36M | $28M | $51M | · | |
| Current Assets | $897M | $948M | $1.25B | $1.25B | · | |
| PP&E (Net) | · | · | · | $165M | · | |
| Goodwill | $960M | $1.71B | $1.74B | $1.71B | $2.08B | |
| Intangibles | $622M | $656M | $728M | $823M | · | |
| Other Non-current Assets | $81M | $103M | $70M | $54M | · | |
| Total Assets | $2.72B | $3.58B | $4.33B | $4.29B | · | |
| Accounts Payable | $30M | $138M | $133M | $82M | · | |
| Accrued Liabilities | $396M | $370M | $336M | $323M | · | |
| Current Liabilities | $913M | $950M | $778M | $699M | · | |
| Capital Leases | $54M | $61M | $63M | $40M | · | |
| Other Non-current Liabilities | $39M | $35M | $32M | $22M | · | |
| Total Liabilities | $2.15B | $2.22B | $2.62B | $945M | · | |
| Long-term Debt | $1.05B | $1.12B | $1.59B | $0 | · | |
| Total Debt | $1.05B | $1.12B | $1.59B | · | · | |
| Common Stock | $100.0K | $100.0K | $100.0K | $0 | · | |
| Paid-in Capital | $2.12B | $2.04B | $2.00B | $0 | · | |
| Retained Earnings | $-1.38B | $-397M | $-68M | $0 | · | |
| AOCI | $-170M | $-283M | $-216M | $-276M | · | |
| Stockholders' Equity | $564M | $1.36B | $1.71B | $3.34B | $3.26B | |
| Liabilities + Equity | $2.72B | $3.58B | $4.33B | $4.29B | · | |
| Shares Outstanding | 93,100,000 | 89,700,000 | 88,800,000 | 0 | 0 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| D&A | $78M | $87M | $98M | $94M | $166M | |
| Stock-based Comp | $74M | $58M | $43M | $25M | $28M | |
| Deferred Tax | $-31M | $-39M | $-39M | $-13M | $-30M | |
| Amort. of Intangibles | $58M | $61M | $61M | $62M | $140M | |
| Restructuring | $34M | $42M | $21M | $28M | $17M | |
| Other Non-cash | $978M | $485M | $72M | · | · | |
| Operating Cash Flow | $114M | $263M | $168M | $83M | $170M | |
| CapEx | $25M | $26M | $40M | $54M | $26M | |
| Investing Cash Flow | $14M | $252M | $-32M | $-54M | $-26M | |
| Net Debt Issued | $-76M | $-483M | $-15M | · | · | |
| Financing Cash Flow | $-76M | $-498M | $-141M | $-6M | $-128M | |
| Net Change in Cash | $56M | $10M | $-2M | $16M | $14M | |
| Taxes Paid | $17M | $54M | $18M | $27M | $16M | |
| Free Cash Flow | $88M | $237M | $127M | · | · | |
| Levered FCF | · | · | $343M | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Margin | -32.0% | -6.0% | 2.0% | · | · | |
| Net Margin | -36.2% | -12.2% | -0.11% | · | · | |
| Pretax Margin | -36.1% | -10.2% | 0.04% | · | · | |
| EBITDA Margin | -29.2% | -2.8% | 5.1% | · | · | |
| ROA | -31.3% | -8.3% | -0.08% | · | · | |
| ROE | -171.1% | -22.9% | -0.20% | · | · | |
| ROIC | -54.2% | -6.4% | -5.9% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.0 | 1.6 | · | · | |
| Quick Ratio | 0.2 | 0.1 | 0.1 | · | · | |
| Debt / Equity | 1.9 | 0.8 | 0.9 | · | · | |
| LT Debt / Equity | 1.9 | 0.8 | 0.9 | · | · | |
| Interest Coverage | · | · | 0.9 | · | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | 0.7 | 0.7 | · | · |
Growth Rates 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue YoY | 1.0% | -5.1% | 0.19% | -7.2% | · | |
| Revenue CAGR 3Y | -1.4% | -4.1% | · | · | · | |
| EPS YoY | · | · | · | 90.0% | · | |
| Net Income YoY | · | · | · | 90.0% | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $2.72B | $2.70B | $2.84B | · | · | |
| Net Income TTM | $-986M | $-328M | $-25M | · | · | |
| Market Cap | $1.61B | $1.67B | $3.10B | · | · | |
| Enterprise Value | $2.48B | $2.68B | $4.58B | · | · | |
| P/E | -1.6 | -5.1 | -120.3 | · | · | |
| P/S | 0.6 | 0.6 | 1.1 | · | · | |
| P/B | 2.9 | 1.2 | 1.8 | · | · | |
| P / Cash Flow | 14.1 | 6.4 | 18.5 | · | · | |
| P / FCF | 18.2 | 7.0 | 24.4 | · | · | |
| EV / EBITDA | -3.1 | -35.7 | 28.7 | · | · | |
| EV / FCF | 28.1 | 11.3 | 36.1 | · | · | |
| EV / Revenue | 0.9 | 1.0 | 1.6 | · | · | |
| Earnings Yield | -62.7% | -19.7% | -0.83% | · | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $678M | $636M | $660M | $701M | $710M | $651M | $697M | $675M | $662M | $662M | $710M | $714M | $725M | $694M | $503M | $762M | |
| SG&A Expense | $102M | $100M | $103M | $107M | $125M | $122M | $148M | $136M | $156M | $120M | $127M | $107M | $98M | $117M | $200M | $71M | |
| Operating Expenses | $663M | $640M | $674M | $710M | $1.04B | $1.17B | $753M | $693M | $713M | $700M | $734M | $704M | $694M | $680M | $488M | $693M | |
| Operating Income | $15M | $-3M | $-14M | $-9M | $-330M | $-520M | $-56M | $-18M | $-51M | $-37M | $-24M | $10M | $32M | $14M | $14M | $69M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | · | $35M | $700.0K | $100.0K | · | $0 | |
| Other Non-op | $-200.0K | $500.0K | $0 | $5M | $3M | $0 | $6M | $5M | $9M | $1M | $2M | $4M | $500.0K | $500.0K | $700.0K | $500.0K | |
| Pretax Income | $-1M | $-12M | $-36M | $-29M | $-371M | $-548M | $-75M | $-36M | $-89M | $-76M | $-55M | $-22M | $37M | $10M | $-8M | $74M | |
| Income Tax | $12M | $11M | $-3M | $-13M | $4M | $15M | $-1M | $-17M | $11M | $4M | $-6M | $-6M | $12M | $2M | $5M | $14M | |
| Net Income | $-13M | $-24M | $-32M | $-16M | $-375M | $-563M | $-61M | $-28M | $-138M | $-101M | $-54M | $-14M | $31M | $12M | $27M | $61M | |
| EPS (Basic) | $-0.14 | $-0.25 | $-0.25 | $-0.17 | $-4.14 | $-6.25 | $-0.68 | $-0.31 | $-1.55 | $-1.13 | $-0.62 | $-0.16 | $0.35 | $0.14 | $0.29 | $0.68 | |
| EPS (Diluted) | $-0.14 | $-0.25 | $-0.25 | $-0.17 | $-4.14 | $-6.25 | $-0.68 | $-0.31 | $-1.55 | $-1.13 | $-0.62 | $-0.16 | $0.35 | $0.14 | $0.29 | $0.68 | |
| Shares (Basic) | 94,800,000 | 93,600,000 | · | · | 90,600,000 | 90,100,000 | · | 89,600,000 | 89,400,000 | 89,200,000 | · | 88,800,000 | 88,800,000 | 88,800,000 | 0 | 88,800,000 | |
| Shares (Diluted) | 94,800,000 | 93,600,000 | · | · | 90,600,000 | 90,100,000 | · | 89,600,000 | 89,400,000 | 89,200,000 | · | 88,800,000 | 88,800,000 | 88,800,000 | 0 | 88,800,000 | |
| EBITDA | $15M | $16M | · | $-9M | $-330M | $-501M | · | $-18M | $-51M | $-14M | · | $39M | $59M | · | · | · |
Balance Sheet 24
| 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 | $169M | $148M | $175M | $131M | $81M | $102M | $118M | $105M | $126M | $93M | · | $108M | $114M | · | · | · | |
| Prepaid Expense | $101M | $114M | $133M | $124M | $140M | $140M | $170M | $142M | $124M | $91M | · | $103M | $102M | · | · | · | |
| Other Current Assets | · | · | $38M | · | · | · | $36M | · | · | · | · | · | · | · | · | · | |
| Current Assets | $924M | $882M | $897M | $918M | $960M | $970M | $948M | $937M | $888M | $1.20B | · | $1.26B | $1.23B | · | · | · | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | · | $219M | $212M | · | · | · | |
| Goodwill | $950M | $951M | $960M | $958M | $965M | $1.24B | $1.71B | $1.77B | $1.73B | $1.73B | $1.74B | $1.99B | $2.03B | · | $1.71B | · | |
| Intangibles | $587M | $602M | $622M | $635M | $654M | $651M | $656M | $691M | $692M | $708M | · | $774M | $802M | · | · | · | |
| Other Non-current Assets | $92M | $86M | $81M | $74M | $101M | $101M | $103M | $92M | $84M | $89M | · | $70M | $84M | · | · | · | |
| Total Assets | $2.71B | $2.68B | $2.72B | $2.74B | $2.84B | $3.12B | $3.58B | $3.66B | $3.57B | $4.24B | · | $4.32B | $4.36B | · | · | · | |
| Accounts Payable | $54M | $71M | $30M | $50M | $93M | $110M | $138M | $138M | $144M | $131M | · | $128M | $105M | · | · | · | |
| Accrued Liabilities | $381M | $357M | $396M | $370M | $381M | $347M | $370M | $323M | $343M | $329M | · | $336M | $336M | · | · | · | |
| Current Liabilities | $964M | $929M | $913M | $914M | $942M | $999M | $950M | $796M | $749M | $818M | · | $775M | $752M | · | · | · | |
| Capital Leases | $54M | $56M | $54M | $52M | $53M | $59M | $61M | $65M | $66M | $60M | · | $68M | $53M | · | · | · | |
| Other Non-current Liabilities | $38M | $38M | $39M | $36M | $37M | $36M | $35M | $38M | $30M | $29M | · | $36M | $37M | · | · | · | |
| Total Liabilities | $2.19B | $2.16B | $2.15B | $2.16B | $2.25B | $2.26B | $2.22B | $2.15B | $2.10B | $2.65B | · | $2.62B | $2.61B | · | · | · | |
| Long-term Debt | $1.05B | $1.05B | $1.05B | $1.13B | $1.18B | $1.21B | $1.12B | $1.12B | $1.12B | $1.61B | · | $1.60B | $1.60B | · | · | · | |
| Total Debt | $1.05B | $1.05B | · | $1.13B | $1.18B | $1.21B | · | $1.12B | $1.12B | $1.61B | · | $1.60B | $1.60B | · | · | · | |
| Common Stock | $100.0K | $100.0K | $100.0K | $100.0K | $100.0K | $100.0K | $100.0K | $100.0K | $100.0K | $100.0K | · | $100.0K | $100.0K | · | · | · | |
| Paid-in Capital | $2.14B | $2.13B | $2.12B | $2.10B | $2.08B | $2.06B | $2.04B | $2.03B | $2.02B | $2.00B | · | $1.99B | $1.98B | · | · | · | |
| Retained Earnings | $-1.42B | $-1.41B | $-1.38B | $-1.35B | $-1.33B | $-960M | $-397M | $-336M | $-308M | $-170M | · | $-13M | · | · | · | · | |
| AOCI | $-196M | $-195M | $-170M | $-170M | $-156M | $-238M | $-283M | $-178M | $-249M | $-242M | · | $-280M | $-226M | · | · | · | |
| Stockholders' Equity | $524M | $526M | $564M | $581M | $589M | $859M | $1.36B | $1.51B | $1.46B | $1.59B | $1.71B | $1.69B | $1.75B | · | $3.34B | · | |
| Liabilities + Equity | $2.71B | $2.68B | $2.72B | $2.74B | $2.84B | $3.12B | $3.58B | $3.66B | $3.57B | $4.24B | · | $4.32B | $4.36B | · | · | · | |
| Shares Outstanding | 95,100,000 | 94,600,000 | 93,100,000 | 92,200,000 | 90,800,000 | 90,500,000 | 89,700,000 | 89,700,000 | 89,500,000 | 89,400,000 | 88,800,000 | 88,800,000 | 88,800,000 | · | 0 | · |
Cash Flow 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $20M | $20M | $19M | $20M | $20M | $20M | $21M | $21M | $21M | $24M | $25M | $25M | $25M | $23M | $24M | $23M | |
| Stock-based Comp | $13M | $11M | $15M | $22M | $23M | $15M | $15M | $13M | $15M | $15M | $16M | $11M | $9M | $7M | $6M | $6M | |
| Deferred Tax | $5M | $-4M | $-6M | $-8M | $-10M | $-7M | $-16M | $-12M | $-16M | $4M | $-26M | $-9M | $-900.0K | $-4M | $-6M | $0 | |
| Amort. of Intangibles | · | · | · | · | · | · | · | · | $15M | $15M | $14M | $16M | $15M | $15M | $13M | $16M | |
| Restructuring | $1M | $6M | $21M | $2M | $8M | $2M | $25M | $3M | $9M | $4M | · | $6M | $4M | $600.0K | · | · | |
| Other Non-cash | · | $-21M | · | · | · | $411M | · | · | · | $33M | · | · | · | · | · | · | |
| Operating Cash Flow | $29M | $-17M | $129M | $87M | $22M | $-124M | $17M | $-2M | $274M | $-26M | $18M | $-4M | $150M | $-2M | $24M | $81M | |
| CapEx | $9M | $8M | $8M | $7M | $8M | $3M | $-3M | $8M | $11M | $9M | $9M | $5M | $10M | $16M | $18M | $17M | |
| Investing Cash Flow | $-7M | $-8M | $-8M | $13M | $-8M | $16M | $4M | $-8M | $265M | $-9M | $-9M | $3M | $-9M | $-16M | $-18M | $-17M | |
| Net Debt Issued | · | · | · | · | · | $0 | · | · | · | $-8M | · | · | · | · | · | · | |
| Financing Cash Flow | $0 | $0 | $-76M | $-50M | $-39M | $88M | $-1M | $-14M | $-504M | $21M | $-8M | $-6M | $-150M | $24M | $-6M | $-46M | |
| Net Change in Cash | $21M | $-27M | $43M | $50M | $-20M | $-17M | $13M | $-21M | $33M | $-16M | $5M | $-9M | $-9M | $8M | $3M | $12M | |
| Taxes Paid | $3M | $4M | $2M | $3M | $6M | $5M | $-3M | $5M | $47M | $5M | $-4M | $5M | $12M | $5M | $7M | $6M | |
| Free Cash Flow | · | $-25M | · | · | · | $-127M | · | · | · | $-35M | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 2.2% | -0.53% | · | -1.2% | -46.5% | -79.9% | · | -2.7% | -7.7% | -5.7% | · | 1.8% | 4.3% | · | · | · | |
| Net Margin | -1.9% | -3.7% | · | -2.3% | -52.8% | -86.4% | · | -4.1% | -20.9% | -15.2% | · | -1.7% | 3.6% | · | · | · | |
| Pretax Margin | -0.18% | -1.9% | · | -4.1% | -52.2% | -84.1% | · | -5.3% | -13.4% | -11.4% | · | -2.3% | 4.9% | · | · | · | |
| EBITDA Margin | 2.2% | 2.6% | · | -1.2% | -46.5% | -76.9% | · | -2.7% | -7.7% | -2.1% | · | 5.0% | 7.4% | · | · | · | |
| ROA | -0.48% | -0.81% | · | -0.50% | -11.7% | -15.3% | · | -0.70% | -3.5% | -4.8% | · | -0.61% | 1.3% | · | · | · | |
| ROE | -2.4% | -3.4% | · | -1.5% | -36.6% | -45.9% | · | -1.7% | -8.6% | -12.7% | · | -1.6% | 3.2% | · | · | · | |
| ROIC | 10.3% | -0.41% | · | -0.28% | -18.9% | -25.8% | · | -0.35% | -2.2% | -1.2% | · | 0.31% | 0.73% | · | · | · |
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 | 1.0 | 0.9 | · | 1.0 | 1.0 | 1.0 | · | 1.2 | 1.2 | 1.5 | · | 1.6 | 1.6 | · | · | · | |
| Quick Ratio | 0.2 | 0.2 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.2 | 0.1 | · | 0.1 | 0.2 | · | · | · | |
| Debt / Equity | 2.0 | 2.0 | · | 1.9 | 2.0 | 1.4 | · | 0.7 | 0.8 | 1.0 | · | 0.9 | 0.9 | · | · | · | |
| LT Debt / Equity | 2.0 | 2.0 | · | 1.8 | 1.9 | 1.2 | · | 0.7 | 0.8 | 1.0 | · | 0.9 | 0.9 | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | 0.4 | 48.3 | · | · | · |
Efficiency 1
| 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 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.3 | · | 0.4 | 0.4 | · | · | · |
Valuation (TTM) 13
| 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 | $2.73B | $2.70B | · | $2.74B | $2.70B | $2.65B | · | $2.71B | $2.76B | $2.79B | · | $2.90B | $2.97B | · | · | · | |
| Net Income TTM | $-428M | $-977M | · | $-982M | $-1.10B | $-830M | · | $-281M | $-223M | $-72M | · | $90M | $170M | · | · | · | |
| Market Cap | $1.65B | $891M | · | $776M | $449M | $683M | · | $1.79B | $2.09B | $3.59B | · | $2.54B | $3.02B | · | · | · | |
| Enterprise Value | $2.54B | $1.80B | · | $1.77B | $1.54B | $1.80B | · | $2.81B | $3.09B | $5.11B | · | $4.03B | $4.51B | · | · | · | |
| P/E | -3.7 | -0.9 | · | -0.8 | -0.4 | -0.8 | · | -6.3 | -9.4 | -50.2 | · | 28.3 | 17.7 | · | · | · | |
| P/S | 0.6 | 0.3 | · | 0.3 | 0.2 | 0.3 | · | 0.7 | 0.8 | 1.3 | · | 0.9 | 1.0 | · | · | · | |
| P/B | 3.2 | 1.7 | · | 1.3 | 0.8 | 0.8 | · | 1.2 | 1.4 | 2.3 | · | 1.5 | 1.7 | · | · | · | |
| P / Cash Flow | · | -52.4 | · | · | · | -5.5 | · | · | · | -140.2 | · | · | · | · | · | · | |
| P / FCF | · | -35.6 | · | · | · | -5.4 | · | · | · | -102.8 | · | · | · | · | · | · | |
| EV / EBITDA | 171.7 | 109.6 | · | -206.0 | -4.7 | -3.6 | · | -156.3 | -60.6 | -367.6 | · | 104.4 | 76.6 | · | · | · | |
| EV / FCF | · | -71.9 | · | · | · | -14.1 | · | · | · | -146.4 | · | · | · | · | · | · | |
| EV / Revenue | 0.9 | 0.7 | · | 0.6 | 0.6 | 0.7 | · | 1.0 | 1.1 | 1.8 | · | 1.4 | 1.5 | · | · | · | |
| Earnings Yield | -27.0% | -114.8% | · | -129.1% | -248.0% | -122.4% | · | -15.8% | -10.7% | -2.0% | · | 3.5% | 5.7% | · | · | · |
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 | $2.72B | $2.70B | $2.84B | $2.84B | $3.06B |
| Operating Margin % | -32.0% | -6.0% | 2.0% | — | — |
| Net Income | $-986M | $-328M | $-25M | $186M | $98M |
| Diluted EPS | $-10.81 | $-3.67 | $-0.29 | $2.09 | $1.10 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.9 | 0.8 | 0.9 | — | — |
| Current Ratio | 1.0 | 1.0 | 1.6 | — | — |
| Quick Ratio | 0.2 | 0.1 | 0.1 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $88M | $237M | $127M | — | — |
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Institutional owners (13F) 357 filers · $1.2B 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 |
|---|---|---|---|---|
| 50 (-6 vs prior Q) | 37 (-19 vs prior Q) | 88 (-21 vs prior Q) | 102 (+33 vs prior Q) | +8.2M |
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.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| GOLDMAN SACHS GROUP INC | $144,095,438 | 8,281,347 | 12.10% | Shares |
| Sessa Capital IM, L.P. | $79,927,770 | 4,593,550 | 6.71% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $72,759,005 | 4,181,552 | 6.11% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $66,409,310 | 3,816,627 | 5.58% | Shares |
| STATE STREET CORP | $65,844,610 | 3,784,173 | 5.53% | Shares |
| FMR LLC | $62,541,098 | 3,594,316 | 5.25% | Shares |
| Corvex Management LP | $52,000,787 | 2,988,551 | 4.37% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $43,315,960 | 2,489,423 | 3.64% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $38,066,115 | 2,187,276 | 3.20% | Shares |
| Park West Asset Management LLC | $36,646,679 | 2,106,131 | 3.08% | Shares |
| LOOMIS SAYLES & CO L P | $35,339,278 | 2,030,993 | 2.97% | Shares |
| Iron Triangle Partners LP | $34,264,244 | 1,986,333 | 2.88% | Shares |
| AMERIPRISE FINANCIAL INC | $29,819,198 | 1,713,747 | 2.50% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $27,001,790 | 1,551,827 | 2.27% | Shares |
| MetLife Investment Management, LLC | $23,701,741 | 1,362,169 | 1.99% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $22,532,669 | 1,294,981 | 1.89% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $22,439,197 | 1,289,609 | 1.88% | Shares |
| Eagle Health Investments LP | $20,554,168 | 1,181,274 | 1.73% | Shares |
| Allianz Asset Management GmbH | $19,615,664 | 1,127,337 | 1.65% | Shares |
| CITADEL ADVISORS LLC | $17,800,374 | 1,023,010 | 1.49% | Shares |
| BECK MACK & OLIVER LLC | $14,524,789 | 834,758 | 1.22% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $14,420,633 | 828,772 | 1.21% | Shares |
| ALGERT GLOBAL LLC | $12,569,342 | 722,376 | 1.06% | Shares |
| MILLENNIUM MANAGEMENT LLC | $10,900,909 | 626,489 | 0.92% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $10,890,556 | 625,894 | 0.91% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $9,828,790 | 564,873 | 0.83% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $9,168,008 | 526,897 | 0.77% | Shares |
| Public Sector Pension Investment Board | $6,993,721 | 401,938 | 0.59% | Shares |
| WINTON GROUP Ltd | $6,771,297 | 389,155 | 0.57% | Shares |
| Trexquant Investment LP | $6,092,575 | 350,148 | 0.51% | Shares |
| BRANDES INVESTMENT PARTNERS, LP | $5,836,099 | 335,408 | 0.49% | Shares |
| IEQ CAPITAL, LLC | $5,755,103 | 330,753 | 0.48% | Shares |
| Hillsdale Investment Management Inc. | $5,447,940 | 313,100 | 0.46% | Shares |
| PDT Partners, LLC | $5,242,133 | 301,272 | 0.44% | Shares |
| Caption Management, LLC | $5,211,300 | 299,500 | 0.44% | Call option |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $4,918,000 | 282,627 | 0.41% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $4,694,520 | 269,800 | 0.39% | Shares |
| Longaeva Partners L.P. | $4,592,974 | 263,964 | 0.39% | Shares |
| RHUMBLINE ADVISERS | $4,384,165 | 251,965 | 0.37% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,766,421 | 216,461 | 0.32% | Shares |
| TWO SIGMA INVESTMENTS, LP | $3,757,304 | 215,937 | 0.32% | Shares |
| BARCLAYS PLC | $3,346,873 | 192,349 | 0.28% | Shares |
| Swiss National Bank | $3,159,840 | 181,600 | 0.27% | Shares |
| Sequoia Financial Advisors, LLC | $3,060,034 | 175,864 | 0.26% | Shares |
| ARDSLEY ADVISORY PARTNERS LP | $3,045,000 | 175,000 | 0.26% | Shares |
| BlackRock, Inc. | $3,023,163 | 173,745 | 0.25% | Shares |
| Assenagon Asset Management S.A. | $3,012,445 | 173,129 | 0.25% | Shares |
| Y-Intercept (Hong Kong) Ltd | $2,947,038 | 169,370 | 0.25% | Shares |
| Cinctive Capital Management LP | $2,934,075 | 168,625 | 0.25% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,807,473 | 161,349 | 0.24% | Shares |
| Ausbil Investment Management Ltd | $2,787,771 | 293,141 | 0.23% | Shares |
| Quantinno Capital Management LP | $2,756,525 | 158,421 | 0.23% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $2,714,261 | 155,992 | 0.23% | Shares |
| AMERICAN CENTURY COMPANIES INC | $2,602,466 | 149,567 | 0.22% | Shares |
| Legal & General Group Plc | $2,528,150 | 145,296 | 0.21% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $2,395,876 | 137,694 | 0.20% | Shares |
| Mariner, LLC | $2,250,318 | 129,328 | 0.19% | Shares |
| ING GROEP NV | $2,124,540 | 122,100 | 0.18% | Shares |
| Cohen Capital Management, Inc. | $2,089,253 | 120,072 | 0.18% | Shares |
| Engineers Gate Manager LP | $2,043,734 | 117,456 | 0.17% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $2,024,751 | 116,365 | 0.17% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $1,957,779 | 112,516 | 0.16% | Shares |
| Gotham Asset Management, LLC | $1,757,626 | 101,013 | 0.15% | Shares |
| Man Group plc | $1,646,405 | 94,621 | 0.14% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $1,548,995 | 87,218 | 0.13% | Shares |
| Arax Advisory Partners | $1,533,218 | 88,116 | 0.13% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $1,450,082 | 83,338 | 0.12% | Shares |
| CWM, LLC | $1,387,962 | 147,342 | 0.12% | Shares |
| Nuveen, LLC | $1,385,092 | 79,603 | 0.12% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,246,916 | 132,369 | 0.10% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $1,137,908 | 65,397 | 0.10% | Shares |
| Baird Financial Group, Inc. | $1,136,116 | 65,294 | 0.10% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,079,252 | 62,026 | 0.09% | Shares |
| VANGUARD GROUP INC | $1,069,949 | 62,026 | 0.09% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $1,037,605 | 59,564 | 0.09% | Shares |
| D. E. Shaw & Co., Inc. | $1,023,451 | 58,819 | 0.09% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,003,893 | 57,695 | 0.08% | Shares |
| STRS OHIO | $974,400 | 56,000 | 0.08% | Shares |
| CITIGROUP INC | $948,196 | 54,494 | 0.08% | Shares |
| ARISTEIA CAPITAL, L.L.C. | $933,510 | 53,650 | 0.08% | Shares |
| Vanguard Global Advisers, LLC | $917,119 | 52,708 | 0.08% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $911,012 | 52,357 | 0.08% | Shares |
| ALLIANCEBERNSTEIN L.P. | $877,049 | 93,105 | 0.07% | Shares |
| State of Wyoming | $874,193 | 50,241 | 0.07% | Shares |
| Sanctuary Advisors, LLC | $858,290 | 49,327 | 0.07% | Shares |
| Allianz SE | $835,200 | 48,000 | 0.07% | Shares |
| Qube Research & Technologies Ltd | $805,150 | 46,273 | 0.07% | Shares |
| UBS Group AG | $804,524 | 46,237 | 0.07% | Shares |
| Prescott Group Capital Management, L.L.C. | $796,363 | 45,768 | 0.07% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $773,726 | 44,467 | 0.06% | Shares |
| Louisiana State Employees Retirement System | $722,100 | 41,500 | 0.06% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $705,935 | 40,571 | 0.06% | Shares |
| Pallas Capital Advisors LLC | $687,283 | 39,499 | 0.06% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $659,338 | 37,893 | 0.06% | Shares |
| Cerity Partners LLC | $653,509 | 37,558 | 0.05% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $646,654 | 37,164 | 0.05% | Shares |
| Atria Investments, Inc | $631,028 | 36,266 | 0.05% | Shares |
| Dynamic Technology Lab Private Ltd | $614,000 | 35,292 | 0.05% | Shares |
| BRIGHTON JONES LLC | $605,851 | 34,819 | 0.05% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $602,040 | 34,600 | 0.05% | Shares |
Company insiders 20 insiders · 9 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Thomas Pike | Chief Executive Officer | March 20, 2025 A | 159,868 | 0 | 0 | $0 |
| Jill G. Mcconnell | Chief Financial Officer | June 1, 2026 M | 78,416 | 0 | 2 | $-114,511 |
| Sandra D Van Der Vaart | President and Secretary | June 20, 2023 J | 7,816 | 0 | 0 | $0 |
| Mark A. Morais | Chief Operating Officer | June 10, 2026 S | 71,365 | 0 | 3 | $-193,128 |
| James S. Hanson | General Counsel | June 2, 2025 M | 14,981 | 0 | 0 | $0 |
| Robert Parks | Chief Accounting Officer | March 7, 2025 A | — | 0 | 0 | $0 |
| Amanda M. Warren | Chief Accounting Officer | June 3, 2024 M | 5,298 | 0 | 0 | $0 |
| Robert S. Pringle | Treasurer | June 20, 2023 J | 1,250 | 0 | 0 | $0 |
| Glenn A Eisenberg | Executive Vice President | June 20, 2023 J | 42,176 | 0 | 0 | $0 |
| Amrit Ray | Director | June 10, 2026 A | 52,453 | 0 | 0 | $0 |
| Erin L Russell | Director | June 10, 2026 A | 72,617 | 0 | 0 | $0 |
| Edward A Pesicka | Director | June 10, 2026 A | 52,453 | 0 | 0 | $0 |
| William J Sharbaugh | Director | June 10, 2026 A | — | 0 | 0 | $0 |
| Peter M Neupert | Director | June 10, 2026 A | 98,132 | 0 | 0 | $0 |
| Andrew R Eckert | Director | Feb. 21, 2025 M | 13,636 | 0 | 0 | $0 |
| LABORATORY CORP OF AMERICA HOLDINGS | 10% owner | June 20, 2023 J | 0 | 0 | 0 | $0 |
| Anshul Thakral | — | Aug. 6, 2026 S | 204,940 | 0 | 4 | $-3,939,396 |
| Machelle Sanders | — | Aug. 3, 2026 S | 36,399 | 0 | 1 | $-174,697 |
| David Ross Smith | — | Aug. 3, 2026 A | 36,715 | 0 | 0 | $0 |
| Betty D Larson | — | March 30, 2024 M | 6,354 | 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 |
|---|---|---|---|---|---|
| Starboard Value LP, STARBOARD VALUE & OPPORTUNITY MASTER FUND LTD, STARBOARD VALUE & OPPORTUNITY S LLC, Starboard Value & Opportunity C LP, Starboard Value R LP, Starboard Value & Opportunity Master Fund L LP, Starboard Value L LP, Starboard Value R GP LLC, Starboard X Master Fund Ltd, Starboard Value GP LLC, Starboard Principal Co LP, Starboard Principal Co GP LLC, Smith Jeffrey C, Feld Peter A ×6 filings | May 12, 2025 | 3.00% | Amendment | — | 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 64 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 |
|---|---|---|---|---|
| CSD · Invesco Exchange-Traded Fund Trust | 0.92% | 112,732 SH | Aug. 8, 2026 | Daily |
| PSCH · Invesco Exchange-Traded Fund Trust … | 0.88% | 82,101 SH | Aug. 8, 2026 | Daily |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.46% | 111,341 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.27% | 1,550,761 NS | May 31, 2026 | N-PORT |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.19% | 214,324 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.18% | 200,735 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.18% | 841,286 SH | Aug. 8, 2026 | Daily |
| IBB · iShares Trust | 0.13% | 691,674 SH | Aug. 8, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.12% | 5,150 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.11% | 84,150 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.11% | 902,580 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.11% | 69,738 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.11% | 16,574 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.11% | 11,222 SH | Aug. 8, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.10% | 41,452 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.10% | 13,891 SH | Aug. 8, 2026 | Daily |
| SMLF · iShares Trust | 0.10% | 232,641 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.09% | 5,774,873 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.09% | 330,741 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.07% | 3,455 NS | May 31, 2026 | N-PORT |
| SAA · ProShares Trust | 0.06% | 1,105 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.05% | 97,829 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.05% | 2,441,189 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.05% | 555,872 SH | Aug. 8, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.04% | 18,594 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.04% | 4,386 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.03% | 40,560 NS | April 30, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.03% | 3,484 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.03% | 17,416 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.03% | 446,087 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.03% | 4,178 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.02% | 156,163 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 285,639 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.02% | 8,814 SH | Aug. 8, 2026 | Daily |
| FNDB · SCHWAB STRATEGIC TRUST | 0.02% | 18,283 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 3,431 NS | May 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.02% | 110,783 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 1,084,434 SH | Aug. 8, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.02% | 689,013 SH | Aug. 8, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.02% | 27,158 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.02% | 273,576 SH | Aug. 8, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 0.02% | 41,583 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.02% | 3,473 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 5,478 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 1,081,691 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 3,696 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 87 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 10,233 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.00% | 34,815 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 1,354 NS | April 30, 2026 | N-PORT |