GKOS Glaukos Corporation Common Stock
NYSE · Health Care · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Jul 29, 2026
$163.75
· of 52w range
· above low
· to high
$73.1652w low
$191.6252w high
Market Cap (MRQ)
$9.64B
P/E (TTM)
-50.1
EPS (TTM)
$-3.27
Revenue (TTM)
$613M
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52W Range
$73–$192
Analyst Rating
BUY
Price Target
$199
P/E
-50.1
ROE
-26.0%
Net Profit Margin
-30.7%
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GKOS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$163.75
Market Cap (MRQ)
$9.64B
P/E (TTM)
-50.1
EPS (TTM)
$-3.27
Revenue (TTM)
$613M
ROE (TTM)
-26.0%
52W Range
$73–$192
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$507M2016-12-31 → 2025-12-31
EPS$-3.282016-12-31 → 2025-12-31
Free Cash Flow$-22M2016-12-31 → 2025-12-31
Net margin-30.7%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | GKOS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -50.15Y avg ≈-35.9 | ≈-35.9 | · | · | |
| P/S (TTM) | 15.75Y avg ≈12.3 | ≈12.3 | 3.3 | Overvalued | |
| P/B (MRQ) | 14.15Y avg ≈7.4 | ≈7.4 | 2.9 | Overvalued | |
| Price / FCF (TTM) | -790.35Y avg ≈-117.6 | ≈-117.6 | · | · | |
| Price / Cash Flow (TTM) | -10145.35Y avg ≈-124.7 | ≈-124.7 | · | · | |
| Price / Tangible Book (MRQ) | 17.45Y avg ≈18.6 | ≈18.6 | · | · |
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 | GKOS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 60.7%5Y avg ≈72.0% | ≈72.0% | 58.4% | Top tier | |
| Operating Margin (TTM) | -31.6%5Y avg ≈-30.5% | ≈-30.5% | 11.9% | Weak | |
| EBITDA Margin (TTM) | -24.7%5Y avg ≈-20.7% | ≈-20.7% | 13.1% | Weak | |
| Pretax Margin (TTM) | -31.5%5Y avg ≈-34.0% | ≈-34.0% | 10.9% | Weak | |
| Net Profit Margin (TTM) | -30.7%5Y avg ≈-34.0% | ≈-34.0% | 8.1% | Weak | |
| ROA (TTM) | -19.7%5Y avg ≈-12.7% | ≈-12.7% | 3.2% | Weak | |
| ROE (TTM) | -26.0%5Y avg ≈-20.6% | ≈-20.6% | 5.8% | Weak | |
| ROIC | -29.6%5Y avg ≈-19.0% | ≈-19.0% | 5.5% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | GKOS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 5.05Y avg ≈6.0 | ≈6.0 | 2.5 | Strong liquidity | |
| Quick Ratio | 2.05Y avg ≈2.2 | ≈2.2 | 1.3 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | GKOS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 32.3%5Y avg ≈18.5% | ≈18.5% | · | · | |
| Revenue CAGR 3Y | 21.5%5Y avg ≈14.2% | ≈14.2% | · | · | |
| Revenue CAGR 5Y | 17.7% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | GKOS | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.55Y avg ≈0.4 | ≈0.4 | 0.5 | In line | |
| Inventory Turnover | 1.85Y avg ≈2.3 | ≈2.3 | 2.1 | In line | |
| Receivables Turnover | 6.05Y avg ≈7.7 | ≈7.7 | 6.3 | Weak | |
| Revenue / Employee | ≈$463.8K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
19.7%
Next Report
Oct 27, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $-0.14 | $-0.21 | 34.9% |
| March 31, 2026 | $-0.18 | $-0.28 | 35.3% | |
| Dec. 31, 2025 | $-0.28 | $-0.20 | -39.9% | |
| Sept. 30, 2025 | $-0.16 | $-0.26 | 39.1% | |
| June 30, 2025 | $-0.24 | $-0.27 | 11.1% | |
| March 31, 2025 | $-0.22 | $-0.35 | 38.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $507M | $383M | $315M | $283M | $294M | $225M | $237M | $181M | $159M | $114M | $72M | $46M | |
| Cost of Revenue | $112M | $94M | $76M | $69M | $67M | $92M | $39M | $25M | $21M | $16M | $13M | $11M | |
| Gross Profit | $283M | $289M | $239M | $214M | $227M | $133M | $198M | $156M | $138M | $98M | $59M | $34M | |
| R&D Expense | · | · | · | · | · | · | · | $50M | $39M | $29M | $25M | $19M | |
| SG&A Expense | $332M | $261M | $224M | $193M | $179M | $171M | $177M | $120M | $96M | $65M | $44M | $28M | |
| Operating Expenses | $482M | $412M | $368M | $296M | $260M | $257M | $249M | $169M | $140M | $94M | $69M | $47M | |
| Operating Income | $-200M | $-122M | $-129M | $-82M | $-33M | $-124M | $-50M | $-13M | $-2M | $4M | $-10M | $-13M | |
| Interest Expense | · | · | $14M | $14M | $13M | $14M | $3M | · | · | · | · | · | |
| Interest Income | · | · | · | · | · | · | · | · | · | · | $82.0K | $3.0K | |
| Other Non-op | $479.0K | $-6M | $-558.0K | $-16M | $-16M | $-9M | $256.0K | $634.0K | $2M | $-565.0K | · | · | |
| Pretax Income | $-193M | $-146M | $-134M | $-98M | $-49M | $-132M | $-50M | $-12M | $1.0K | $5M | $-38M | $-14M | |
| Income Tax | $-5M | $771.0K | $934.0K | $766.0K | $326.0K | $-12M | $-65M | $583.0K | $93.0K | $43.0K | $33.0K | $18.0K | |
| Net Income | $-188M | $-146M | $-135M | $-99M | $-50M | $-120M | $15M | $-13M | $-92.0K | $5M | $-37M | $-12M | |
| EPS (Basic) | $-3.28 | $-2.77 | $-2.78 | $-2.09 | $-1.07 | $-2.70 | $0.41 | $-0.37 | $0.00 | $0.14 | $-2.13 | $-5.29 | |
| EPS (Diluted) | $-3.28 | $-2.77 | $-2.78 | $-2.09 | $-1.07 | $-2.70 | $0.37 | $-0.37 | $0.00 | $0.12 | $-2.13 | $-5.29 | |
| Shares (Basic) | 57,190,000 | 52,755,000 | 48,433,000 | 47,444,000 | 46,423,000 | 44,497,000 | 37,355,000 | 35,317,000 | 34,381,000 | 32,928,000 | 17,474,000 | 2,294,000 | |
| Shares (Diluted) | 57,190,000 | 52,755,000 | 48,433,000 | 47,444,000 | 46,423,000 | 44,497,000 | 41,145,000 | 35,317,000 | 34,381,000 | 36,459,000 | 17,474,000 | 2,294,000 | |
| EBITDA | $-162M | $-87M | $-95M | $-51M | $-3M | $-94M | $-44M | $-7M | $3M | $9M | $-6M | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $91M | $170M | $93M | $120M | $101M | $97M | $62M | $30M | $25M | $6M | $22M | $2M | |
| Receivables | $109M | $61M | $40M | $36M | $33M | $36M | $38M | $19M | $17M | $14M | $8M | $5M | |
| Inventory | $64M | $58M | $42M | $38M | $23M | $16M | $43M | $13M | $11M | $7M | $4M | $2M | |
| Prepaid Expense | $24M | $12M | $18M | $17M | $16M | $13M | $8M | $4M | $3M | $3M | $1M | $534.0K | |
| Current Assets | $475M | $450M | $395M | $444M | $486M | $469M | $263M | $177M | $149M | $120M | $104M | $11M | |
| PP&E (Net) | $113M | $98M | $103M | $94M | $69M | $24M | $22M | $19M | $12M | $8M | $2M | $2M | |
| PP&E (Gross) | $169M | $142M | $138M | $122M | $90M | $40M | $34M | $28M | $18M | $13M | $7M | $6M | |
| Accum. Depreciation | $56M | $45M | $34M | $27M | $21M | $16M | $12M | $9M | $6M | $5M | $5M | $4M | |
| Goodwill | $67M | $66M | $66M | $66M | $66M | $66M | $66M | · | · | · | · | · | |
| Intangibles | $142M | $263M | $283M | $308M | $333M | $358M | $383M | · | $3M | $7M | $10M | $13M | |
| Total Assets | $893M | $975M | $940M | $1.00B | $1.05B | $1.01B | $818M | $207M | $166M | $134M | $117M | $26M | |
| Accounts Payable | $25M | $13M | $13M | $14M | $7M | $4M | $6M | $6M | $6M | $3M | $4M | $3M | |
| Accrued Liabilities | $77M | $62M | $61M | $58M | $56M | $45M | $52M | $24M | $20M | $14M | $8M | $6M | |
| Current Liabilities | $101M | $75M | $74M | $72M | $63M | $50M | $58M | $30M | $27M | $17M | $20M | $20M | |
| Capital Leases | $36M | $34M | $30M | $29M | $30M | $21M | $14M | · | · | · | · | · | |
| Deferred Tax | $441.0K | $7M | $7M | $7M | $7M | $11M | $10M | · | · | · | · | · | |
| Other Non-current Liabilities | $32M | $22M | $14M | $10M | $9M | $7M | $5M | $3M | $846.0K | $159.0K | $238.0K | $12.0K | |
| Total Liabilities | $237M | $208M | $479M | $472M | $463M | $338M | $145M | $33M | $28M | $17M | $21M | $30M | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | $10M | $18M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | $10M | · | |
| Common Stock | $58.0K | $56.0K | $49.0K | $48.0K | $47.0K | $45.0K | $44.0K | $36.0K | $35.0K | $34.0K | $32.0K | $6.0K | |
| Retained Earnings | $-933M | $-745M | $-599M | $-464M | $-365M | $-310M | $-190M | $-205M | $-192M | $-192M | $-197M | $-159M | |
| Treasury Stock | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | |
| AOCI | $3M | $3M | $1M | $-3M | $15.0K | $1M | $1M | $738.0K | $-591.0K | $648.0K | $51.0K | $44.0K | |
| Stockholders' Equity | $656M | $767M | $462M | $530M | $587M | $667M | $673M | $174M | $138M | $117M | $95M | $-161M | |
| Liabilities + Equity | $893M | $975M | $940M | $1.00B | $1.05B | $1.01B | $818M | $207M | $166M | $134M | $117M | $26M | |
| Shares Outstanding | 57,511,000 | 56,472,000 | 49,148,000 | 47,782,000 | 46,993,000 | 45,275,000 | 43,530,000 | 36,135,000 | 34,647,000 | 33,971,000 | 32,209,000 | 2,470,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $38M | $36M | $34M | $32M | $30M | $29M | $6M | $6M | $5M | $5M | $4M | $4M | |
| Stock-based Comp | $63M | $50M | $44M | $39M | $30M | $46M | $36M | $26M | $18M | $9M | $8M | $2M | |
| Deferred Tax | $-6M | $-216.0K | $-120.0K | $-55.0K | $-1M | $-12M | $-66M | · | $-235.0K | · | · | · | |
| Amort. of Intangibles | $27M | $25M | $25M | $25M | $25M | $25M | · | · | · | $4M | $4M | $4M | |
| Restructuring | · | · | · | · | · | · | $4M | · | · | · | · | · | |
| Other Non-cash | $78M | $-587.0K | $-159.0K | $-4M | $16M | $34M | $8M | $-153.0K | $3M | $-6M | $23M | · | |
| Operating Cash Flow | $-15M | $-61M | $-58M | $-33M | $25M | $-23M | $-369.0K | $19M | $26M | $12M | $-2M | $-7M | |
| CapEx | $8M | $6M | $20M | $30M | $48M | $7M | $5M | $10M | $6M | $6M | $877.0K | $868.0K | |
| Investing Cash Flow | $-78M | $48M | $14M | $45M | $-58M | $-205M | $43M | $-26M | $-12M | $-26M | $-86M | · | |
| Financing Cash Flow | $12M | $92M | $15M | $6M | $39M | $263M | $-10M | $22M | $5M | $-2M | $107M | · | |
| Net Change in Cash | $-80M | $75M | $-27M | $16M | $4M | $34M | $33M | $14M | $18M | $-15M | $19M | $-4M | |
| Taxes Paid | $949.0K | $1M | $2M | $522.0K | $272.0K | $484.0K | $171.0K | $401.0K | $12.0K | $513.0K | $25.0K | · | |
| Free Cash Flow | $-22M | $-68M | $-78M | $-63M | $-23M | $-30M | $-5M | $9M | $19M | $6M | $-3M | · | |
| Levered FCF | · | · | $-92M | $-77M | $-37M | $-43M | $-4M | · | · | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.7% | 75.5% | 76.0% | 75.6% | 77.3% | 59.2% | 83.7% | 86.2% | 86.8% | 85.9% | 81.9% | · | |
| Operating Margin | -39.3% | -31.9% | -40.9% | -29.1% | -11.2% | -54.9% | -21.2% | -7.2% | -1.4% | 3.7% | -14.4% | · | |
| Net Margin | -37.0% | -38.2% | -42.8% | -35.1% | -16.9% | -53.5% | 6.5% | -7.1% | -0.06% | 4.0% | -51.9% | · | |
| Pretax Margin | -38.0% | -38.0% | -42.5% | -34.8% | -16.8% | -58.8% | -21.1% | -6.8% | 0.00% | 4.0% | -53.4% | · | |
| EBITDA Margin | -31.8% | -22.6% | -30.2% | -17.9% | -1.1% | -41.9% | -18.6% | -3.7% | 2.0% | 7.8% | -8.4% | · | |
| ROA | -20.1% | -15.3% | -13.9% | -9.7% | -4.8% | -13.2% | 3.0% | -7.0% | -0.06% | 3.6% | -52.2% | · | |
| ROE | -26.4% | -23.8% | -27.2% | -17.8% | -7.9% | -17.9% | 3.6% | -8.3% | -0.07% | 4.3% | 113.3% | · | |
| ROIC | -29.6% | -16.0% | -28.1% | -15.7% | -5.6% | -16.8% | 2.3% | -7.8% | 151.8% | 3.6% | -9.8% | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.7 | 6.0 | 5.3 | 6.1 | 7.7 | 9.4 | 4.6 | 5.8 | 5.6 | 7.1 | 5.1 | · | |
| Quick Ratio | 2.0 | 3.1 | 1.8 | 2.2 | 2.1 | 2.7 | 1.7 | 1.6 | 1.5 | 1.2 | 1.4 | · | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | 0.1 | · | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | 0.0 | · | |
| Interest Coverage | · | · | -9.4 | -6.0 | -2.5 | -8.8 | -19.6 | · | · | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 | 0.5 | 1.0 | 1.1 | 0.9 | 1.0 | · | |
| Inventory Turnover | 1.8 | 1.9 | 1.9 | 2.3 | 3.4 | 3.1 | 1.4 | 2.0 | 2.3 | 3.0 | 4.1 | · | |
| Receivables Turnover | 6.0 | 7.6 | 8.3 | 8.1 | 8.5 | 6.0 | 8.3 | 10.3 | 10.3 | 10.5 | 11.1 | · |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $11.41 | $13.59 | $9.40 | $11.10 | $12.50 | $14.75 | $15.48 | $4.82 | $3.99 | $3.46 | $2.96 | · | |
| Revenue / Share | $8.87 | $7.27 | $6.50 | $5.96 | $6.33 | $5.06 | $5.76 | $5.13 | $4.63 | $3.14 | · | · | |
| Cash Flow / Share | $-0.26 | $-1.16 | $-1.19 | $-0.70 | $0.53 | $-0.52 | $-0.01 | $0.53 | $0.74 | $0.34 | · | · | |
| Cash / Share | $1.58 | $3.01 | $1.90 | $2.50 | $2.14 | $2.13 | $1.44 | $0.83 | $0.71 | $0.19 | $0.67 | · | |
| EPS (TTM) | $-3.28 | $-2.77 | $-2.78 | $-2.09 | $-1.07 | $-2.70 | $0.37 | $-0.37 | $0.00 | $0.12 | $-2.13 | · |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 32.3% | 21.9% | 11.3% | -3.8% | 30.7% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 21.5% | 9.3% | 11.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 17.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $507M | $383M | $315M | $283M | $294M | $225M | $237M | $181M | $159M | $114M | $72M | · | |
| Net Income TTM | $-188M | $-146M | $-135M | $-99M | $-50M | $-120M | $15M | $-13M | $-92.0K | $5M | $-37M | · | |
| Market Cap | $6.49B | $8.46B | $3.90B | $2.09B | $2.09B | $3.41B | $2.37B | $2.03B | $888M | $1.16B | $795M | · | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | $783M | · | |
| P/E | -34.4 | -54.1 | -28.6 | -20.9 | -41.5 | -27.9 | 147.2 | -151.8 | · | 285.8 | -11.6 | · | |
| P/S | 12.8 | 22.1 | 12.4 | 7.4 | 7.1 | 15.1 | 10.0 | 11.2 | 5.6 | 10.2 | 11.1 | · | |
| P/B | 9.9 | 11.0 | 8.5 | 3.9 | 3.6 | 5.1 | 3.5 | 11.7 | 6.4 | 9.9 | 8.3 | · | |
| P / Tangible Book | 14.5 | 19.4 | 34.7 | 13.4 | 11.1 | 14.0 | · | · | · | · | · | · | |
| P / Cash Flow | -439.1 | -138.0 | -67.6 | -63.1 | 84.5 | -148.1 | -6421.6 | 107.5 | 34.8 | 94.6 | -363.1 | · | |
| P / FCF | -289.2 | -125.2 | -50.1 | -32.9 | -90.4 | -113.8 | -465.3 | 237.2 | 46.3 | 193.0 | -259.2 | · | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | -129.8 | · | |
| EV / FCF | · | · | · | · | · | · | · | · | · | · | -255.4 | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | 10.9 | · | |
| Earnings Yield | -2.9% | -1.8% | -3.5% | -4.8% | -2.4% | -3.6% | 0.68% | -0.66% | 0.00% | 0.35% | -8.6% | · |
Income Statement
| 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 | $186M | $151M | $143M | $134M | $124M | $107M | $105M | $97M | $96M | $86M | $82M | $78M | $80M | $74M | $71M | $71M | |
| Cost of Revenue | $34M | $33M | $32M | $29M | $27M | $24M | $29M | $23M | $23M | $20M | $19M | $19M | $20M | $18M | $17M | $17M | |
| Gross Profit | $152M | $117M | $-2M | $105M | $97M | $82M | $77M | $74M | $73M | $65M | $63M | $60M | $60M | $56M | $54M | $54M | |
| SG&A Expense | $116M | $93M | $95M | $83M | $83M | $71M | $69M | $64M | $66M | $62M | $63M | $54M | $53M | $54M | $52M | $47M | |
| Operating Expenses | $169M | $137M | $138M | $121M | $120M | $103M | $106M | $99M | $103M | $104M | $102M | $88M | $89M | $89M | $88M | $76M | |
| Operating Income | $-17M | $-20M | $-140M | $-16M | $-23M | $-21M | $-29M | $-25M | $-30M | $-39M | $-39M | $-28M | $-29M | $-33M | $-34M | $-22M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $3M | · | $3M | $3M | $3M | · | $3M | |
| Other Non-op | $-1M | $-749.0K | $-1M | $-1M | $2M | $945.0K | $-6M | $2M | $-2M | $-1M | $6M | $-2M | $-3M | $-1M | $3M | $-6M | |
| Pretax Income | $-18M | $-19M | $-140M | $-16M | $-19M | $-18M | $-34M | $-21M | $-50M | $-40M | $-37M | $-30M | $-32M | $-34M | $-31M | $-27M | |
| Income Tax | $656.0K | $484.0K | $-6M | $234.0K | $248.0K | $326.0K | $-114.0K | $177.0K | $331.0K | $377.0K | $61.0K | $37.0K | $435.0K | $401.0K | $298.0K | $247.0K | |
| Net Income | $-18M | $-20M | $-134M | $-16M | $-20M | $-18M | $-34M | $-21M | $-51M | $-41M | $-37M | $-30M | $-33M | $-35M | $-31M | $-28M | |
| EPS (Basic) | $-0.31 | $-0.34 | $-2.34 | $-0.28 | $-0.34 | $-0.32 | $-0.56 | $-0.39 | $-1.00 | $-0.82 | $-0.75 | $-0.63 | $-0.68 | $-0.72 | $-0.66 | $-0.58 | |
| EPS (Diluted) | $-0.31 | $-0.34 | $-2.34 | $-0.28 | $-0.34 | $-0.32 | $-0.56 | $-0.39 | $-1.00 | $-0.82 | $-0.75 | $-0.63 | $-0.68 | $-0.72 | $-0.66 | $-0.58 | |
| Shares (Basic) | 58,818,000 | 58,022,000 | · | 57,398,000 | 57,205,000 | 56,637,000 | · | 55,037,000 | 50,715,000 | 49,580,000 | · | 48,675,000 | 48,281,000 | 47,881,000 | · | 47,614,000 | |
| Shares (Diluted) | 58,818,000 | 58,022,000 | · | 57,398,000 | 57,205,000 | 56,637,000 | · | 55,037,000 | 50,715,000 | 49,580,000 | · | 48,675,000 | 48,281,000 | 47,881,000 | · | 47,614,000 | |
| EBITDA | $-17M | $-8M | · | $-16M | $-23M | $-12M | · | $-25M | $-30M | $-39M | · | $-28M | $-29M | $-33M | · | $-22M |
Balance Sheet
| 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 | $114M | $104M | $91M | $98M | $101M | $114M | $170M | $100M | $68M | $42M | $93M | $109M | $95M | $76M | $120M | $104M | |
| Receivables | $139M | $120M | $109M | $99M | $83M | $72M | $61M | $56M | $51M | $47M | · | $39M | $39M | $38M | · | $35M | |
| Inventory | $59M | $62M | $64M | $64M | $65M | $59M | $58M | $60M | $56M | $50M | · | $40M | $39M | $40M | · | $34M | |
| Prepaid Expense | $31M | $27M | $24M | $19M | $14M | $15M | $12M | $19M | $14M | $19M | · | $20M | $19M | $20M | · | $18M | |
| Current Assets | $516M | $486M | $475M | $455M | $436M | $445M | $450M | $397M | $384M | $389M | · | $400M | $401M | $416M | · | $449M | |
| PP&E (Net) | $112M | $112M | $113M | $111M | $112M | $97M | $98M | $99M | $100M | $102M | $103M | $103M | $103M | $98M | $94M | $87M | |
| PP&E (Gross) | · | · | $169M | · | · | · | $142M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $56M | · | · | · | $45M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $67M | $67M | $67M | $67M | $67M | $66M | $66M | $66M | $66M | $66M | · | $66M | $66M | $66M | · | $66M | |
| Intangibles | $127M | $133M | $142M | $264M | $270M | $258M | $263M | $269M | $276M | $282M | · | $289M | $295M | $302M | · | $314M | |
| Total Assets | $921M | $893M | $893M | $999M | $987M | $966M | $975M | $927M | $920M | $933M | · | $949M | $957M | $973M | · | $1.01B | |
| Accounts Payable | $19M | $19M | $25M | $20M | $14M | $16M | $13M | $11M | $12M | $13M | · | $10M | $9M | $12M | · | $11M | |
| Accrued Liabilities | $83M | $70M | $77M | $68M | $65M | $53M | $62M | $61M | $59M | $59M | · | $57M | $55M | $50M | · | $49M | |
| Current Liabilities | $102M | $89M | $101M | $88M | $79M | $69M | $75M | $72M | $70M | $72M | · | $67M | $64M | $62M | · | $61M | |
| Capital Leases | $35M | $35M | $36M | $36M | $36M | $36M | $34M | $31M | $30M | $30M | · | $31M | $31M | $29M | · | $29M | |
| Deferred Tax | $441.0K | $441.0K | $441.0K | $7M | $7M | $7M | $7M | $7M | $7M | $7M | · | $7M | $7M | $7M | · | $7M | |
| Other Non-current Liabilities | $32M | $29M | $32M | $31M | $31M | $21M | $22M | $22M | $21M | $20M | · | $13M | $13M | $11M | · | $9M | |
| Total Liabilities | $238M | $222M | $237M | $230M | $222M | $202M | $208M | $258M | $255M | $483M | · | $471M | $468M | $464M | · | $460M | |
| Common Stock | $59.0K | $58.0K | $58.0K | $57.0K | $57.0K | $57.0K | $56.0K | $55.0K | $55.0K | $50.0K | · | $49.0K | $48.0K | $48.0K | · | $48.0K | |
| Retained Earnings | $-971M | $-953M | $-933M | $-799M | $-783M | $-764M | $-745M | $-712M | $-690M | $-640M | · | $-562M | $-532M | $-499M | · | $-433M | |
| Treasury Stock | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | $132.0K | · | $132.0K | $132.0K | $132.0K | · | $132.0K | |
| AOCI | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $2M | $1M | · | $764.0K | $-387.0K | $-1M | · | $-4M | |
| Stockholders' Equity | $682M | $671M | $656M | $770M | $765M | $764M | $767M | $669M | $665M | $451M | · | $478M | $489M | $509M | · | $549M | |
| Liabilities + Equity | $921M | $893M | $893M | $999M | $987M | $966M | $975M | $927M | $920M | $933M | · | $949M | $957M | $973M | · | $1.01B | |
| Shares Outstanding | 58,858,000 | 58,359,000 | 57,511,000 | 57,386,000 | 57,249,000 | 56,741,000 | 56,444,000 | 55,094,000 | 54,824,000 | 49,847,000 | 49,148,000 | 48,720,000 | 48,385,000 | 47,941,000 | 47,782,000 | 47,665,000 |
Cash Flow
| 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 | $9M | $12M | $12M | $9M | $9M | $8M | $9M | $9M | $9M | $9M | · | · | · | · | $27M | $2M | |
| Stock-based Comp | $29M | $19M | $17M | $15M | $18M | $13M | $13M | $14M | $11M | $11M | $13M | $10M | $10M | $10M | $12M | $9M | |
| Amort. of Intangibles | $6M | $9M | $9M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | $6M | |
| Other Non-cash | · | $-24M | · | · | · | $-22M | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $15M | $-13M | $7M | $-10M | $7M | $-19M | $507.0K | $-10M | $-18M | $-34M | $-11M | $-8M | $-8M | $-31M | $-4M | $-27M | |
| CapEx | $3M | $4M | $3M | $2M | $1M | $2M | $2M | $1M | $2M | $968.0K | $4M | $3M | $6M | $7M | $8M | $6M | |
| Investing Cash Flow | $-5M | $11M | $-16M | $-4M | $-21M | $-37M | $12M | $31M | $35M | $-29M | $-13M | $15M | $26M | $-14M | $17M | $24M | |
| Financing Cash Flow | $991.0K | $16M | $2M | $5M | $2M | $2M | $60M | $10M | $9M | $13M | $7M | $7M | $-880.0K | $1M | $529.0K | $4M | |
| Net Change in Cash | $10M | $13M | $-7M | $-3M | $-14M | $-55M | $69M | $32M | $24M | $-51M | $-15M | $14M | $17M | $-43M | $14M | $1M | |
| Taxes Paid | $489.0K | $379.0K | $265.0K | $173.0K | $235.0K | $276.0K | $195.0K | $364.0K | $450.0K | $351.0K | $339.0K | $438.0K | $525.0K | $255.0K | $150.0K | $132.0K | |
| Free Cash Flow | · | $-16M | · | · | · | $-20M | · | · | · | $-35M | · | · | · | $-38M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-38M | · | · | · | $-41M | · | · |
Profitability
| 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 | 81.7% | 77.9% | · | 78.4% | 78.3% | 77.2% | · | 76.6% | 76.4% | 76.3% | · | 76.3% | 75.0% | 75.5% | · | 76.3% | |
| Operating Margin | -9.3% | -13.2% | · | -12.3% | -18.3% | -19.4% | · | -25.5% | -31.3% | -45.6% | · | -35.9% | -36.2% | -44.6% | · | -30.3% | |
| Net Margin | -9.9% | -13.1% | · | -12.2% | -15.8% | -17.0% | · | -22.1% | -52.8% | -47.7% | · | -39.0% | -40.8% | -46.9% | · | -38.7% | |
| Pretax Margin | -9.6% | -12.8% | · | -12.0% | -15.6% | -16.7% | · | -22.0% | -52.5% | -47.3% | · | -39.0% | -40.3% | -46.3% | · | -38.4% | |
| EBITDA Margin | -9.3% | -5.3% | · | -12.3% | -18.3% | -11.7% | · | -25.5% | -31.3% | -45.6% | · | -35.9% | -36.2% | -44.6% | · | -30.3% | |
| ROA | -1.9% | -2.1% | · | -1.7% | -2.1% | -1.9% | · | -2.3% | -5.4% | -4.3% | · | -3.1% | -3.3% | -3.4% | · | -2.7% | |
| ROE | -2.5% | -2.8% | · | -2.3% | -2.8% | -3.0% | · | -3.7% | -8.8% | -8.5% | · | -5.9% | -6.2% | -6.3% | · | -4.8% | |
| ROIC | -2.6% | -3.0% | · | -2.2% | -3.0% | -2.8% | · | -3.7% | -4.5% | -8.8% | · | -5.9% | -6.0% | -6.6% | · | -4.0% |
Liquidity & Solvency
| 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 | 5.0 | 5.4 | · | 5.2 | 5.5 | 6.5 | · | 5.5 | 5.5 | 5.4 | · | 6.0 | 6.3 | 6.7 | · | 7.4 | |
| Quick Ratio | 2.5 | 2.5 | · | 2.3 | 2.3 | 2.7 | · | 2.2 | 1.7 | 1.2 | · | 2.2 | 2.1 | 1.8 | · | 2.3 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -11.3 | · | -8.2 | -8.6 | -9.7 | · | -6.2 |
Efficiency
| 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 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | 0.5 | 0.5 | · | 0.5 | 0.4 | 0.4 | · | 0.5 | 0.5 | 0.4 | · | 0.5 | 0.6 | 0.6 | · | 0.6 | |
| Receivables Turnover | 1.7 | 1.6 | · | 1.7 | 1.8 | 1.8 | · | 2.0 | 2.1 | 2.0 | · | 2.1 | 2.1 | 2.0 | · | 2.0 |
Per Share
| 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 | $11.60 | $11.50 | · | $13.41 | $13.36 | $13.46 | · | $12.13 | $12.13 | $9.04 | · | $9.80 | $10.10 | $10.61 | · | $11.51 | |
| Revenue / Share | $3.16 | $2.60 | · | $2.33 | $2.17 | $1.88 | · | $1.76 | $1.89 | $1.73 | · | $1.60 | $1.67 | $1.54 | · | $1.50 | |
| Cash Flow / Share | · | $-0.22 | · | · | · | $-0.33 | · | · | · | $-0.68 | · | · | · | $-0.64 | · | · | |
| Cash / Share | $1.95 | $1.79 | · | $1.71 | $1.76 | $2.01 | · | $1.82 | $1.24 | $0.85 | · | $2.24 | $1.96 | $1.59 | · | $2.18 | |
| EPS (TTM) | $-3.27 | $-3.30 | · | $-1.50 | $-1.61 | $-2.27 | · | $-2.96 | $-3.20 | $-2.88 | · | $-2.69 | $-2.64 | $-2.92 | · | $-1.89 |
Valuation (TTM)
| 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 | $613M | $551M | · | $470M | $433M | $405M | · | $360M | $342M | $326M | · | $304M | $297M | $289M | · | $285M | |
| Net Income TTM | $-188M | $-189M | · | $-88M | $-93M | $-124M | · | $-150M | $-159M | $-141M | · | $-129M | $-126M | $-139M | · | $-90M | |
| Market Cap | $8.23B | $6.28B | · | $4.68B | $5.91B | $5.58B | · | $7.18B | $6.49B | $4.70B | · | $3.67B | $3.45B | $2.40B | · | $2.54B | |
| P/E | -42.7 | -32.6 | · | -54.4 | -64.2 | -43.4 | · | -44.0 | -37.0 | -32.7 | · | -28.0 | -27.0 | -17.2 | · | -28.2 | |
| P/S | 13.4 | 11.4 | · | 10.0 | 13.7 | 13.8 | · | 19.9 | 19.0 | 14.4 | · | 12.1 | 11.6 | 8.3 | · | 8.9 | |
| P/B | 12.1 | 9.4 | · | 6.1 | 7.7 | 7.3 | · | 10.7 | 9.8 | 10.4 | · | 7.7 | 7.0 | 4.7 | · | 4.6 | |
| P / Tangible Book | 16.8 | 13.3 | · | 10.7 | 13.8 | 12.7 | · | 21.6 | 20.1 | 45.8 | · | 30.0 | 27.1 | 17.1 | · | 15.1 | |
| P / Cash Flow | · | -501.6 | · | · | · | -301.5 | · | · | · | -138.8 | · | · | · | -78.1 | · | · | |
| Earnings Yield | -2.3% | -3.1% | · | -1.8% | -1.6% | -2.3% | · | -2.3% | -2.7% | -3.0% | · | -3.6% | -3.7% | -5.8% | · | -3.5% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $507M | $383M | $315M | $283M | $294M |
| Gross Margin % | 55.7% | 75.5% | 76.0% | 75.6% | 77.3% |
| Operating Margin % | -39.3% | -31.9% | -40.9% | -29.1% | -11.2% |
| Net Income | $-188M | $-146M | $-135M | $-99M | $-50M |
| Diluted EPS | $-3.28 | $-2.77 | $-2.78 | $-2.09 | $-1.07 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 4.7 | 6.0 | 5.3 | 6.1 | 7.7 |
| Quick Ratio | 2.0 | 3.1 | 1.8 | 2.2 | 2.1 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-22M | $-68M | $-78M | $-63M | $-23M |
Institutional owners (13F) 390 filers · $8.9B total · As of Sept. 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.
Holders
390
Value held
$8.9B
New positions
69
Exited positions
37
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 69 (+8 vs prior Q) | 37 (+1 vs prior Q) | 151 (+45 vs prior Q) | 103 (-30 vs prior Q) | +166K |
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 |
|---|---|---|---|---|
| BlackRock, Inc. | $1,333,318,226 | 9,540,056 | 14.95% | Shares |
| VANGUARD GROUP INC | $679,773,752 | 6,020,492 | 7.62% | Shares |
| JANUS HENDERSON GROUP PLC | $575,844,474 | 5,348,395 | 6.46% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $464,260,219 | 3,321,839 | 5.21% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $424,968,931 | 3,040,705 | 4.77% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $356,546,208 | 2,551,132 | 4.00% | Shares |
| STATE STREET CORP | $323,673,467 | 2,315,568 | 3.63% | Shares |
| MILLENNIUM MANAGEMENT LLC | $220,962,796 | 1,581,016 | 2.48% | Shares |
| Holocene Advisors, LP | $211,726,757 | 1,514,931 | 2.37% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $204,570,637 | 1,463,448 | 2.29% | Shares |
| CITADEL ADVISORS LLC | $194,268,776 | 1,390,017 | 2.18% | Shares |
| AMERIPRISE FINANCIAL INC | $183,792,773 | 1,315,057 | 2.06% | Shares |
| Capital World Investors | $141,988,194 | 1,015,943 | 1.59% | Shares |
| ALLIANCEBERNSTEIN L.P. | $135,081,325 | 1,254,703 | 1.52% | Shares |
| GOLDMAN SACHS GROUP INC | $125,367,655 | 897,021 | 1.41% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $105,189,246 | 752,642 | 1.18% | Shares |
| Invesco Ltd. | $98,793,129 | 706,877 | 1.11% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $92,475,698 | 661,675 | 1.04% | Shares |
| Driehaus Capital Management LLC | $90,923,803 | 650,571 | 1.02% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $90,485,000 | 647,428 | 1.01% | Shares |
| NORTHERN TRUST CORP | $85,602,441 | 612,496 | 0.96% | Shares |
| BRAIDWELL LP | $82,727,718 | 591,927 | 0.93% | Shares |
| MORGAN STANLEY | $82,429,643 | 589,793 | 0.92% | Shares |
| BANK OF AMERICA CORP /DE/ | $82,084,821 | 587,327 | 0.92% | Shares |
| UBS Group AG | $80,819,154 | 578,271 | 0.91% | Shares |
| JANE STREET GROUP, LLC | $77,035,712 | 551,200 | 0.86% | Put option |
| FULLER & THALER ASSET MANAGEMENT, INC. | $74,061,922 | 529,922 | 0.83% | Shares |
| NORGES BANK | $69,670,640 | 498,502 | 0.78% | Shares |
| Balyasny Asset Management L.P. | $68,711,047 | 491,636 | 0.77% | Shares |
| JENNISON ASSOCIATES LLC | $68,691,761 | 491,498 | 0.77% | Shares |
| WESTFIELD CAPITAL MANAGEMENT CO LP | $67,561,521 | 483,411 | 0.76% | Shares |
| LOOMIS SAYLES & CO L P | $65,601,667 | 469,388 | 0.74% | Shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | $62,409,828 | 446,550 | 0.70% | Shares |
| Clearbridge Investments, LLC | $60,245,854 | 431,066 | 0.68% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $59,847,329 | 428,215 | 0.67% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $58,338,340 | 417,418 | 0.65% | Shares |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | $58,172,444 | 416,231 | 0.65% | Shares |
| Allspring Global Investments Holdings, LLC | $57,504,123 | 417,999 | 0.64% | Shares |
| FMR LLC | $52,757,254 | 377,485 | 0.59% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $50,140,018 | 358,758 | 0.56% | Shares |
| Bank of New York Mellon Corp | $49,915,056 | 357,148 | 0.56% | Shares |
| Nuveen, LLC | $45,089,931 | 322,624 | 0.51% | Shares |
| MARSHALL WACE, LLP | $43,997,005 | 314,804 | 0.49% | Shares |
| Artisan Partners Limited Partnership | $43,223,016 | 309,266 | 0.48% | Shares |
| NEUBERGER BERMAN GROUP LLC | $42,033,100 | 300,752 | 0.47% | Shares |
| RIVERBRIDGE PARTNERS LLC | $39,424,774 | 282,089 | 0.44% | Shares |
| Anomaly Capital Management, LP | $38,573,061 | 275,995 | 0.43% | Shares |
| Champlain Investment Partners, LLC | $38,457,899 | 275,171 | 0.43% | Shares |
| TORONTO DOMINION BANK | $37,476,924 | 268,152 | 0.42% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $36,351,576 | 260,100 | 0.41% | Put option |
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 |
|---|---|---|---|---|---|
| Glaukos Corporation | Aug. 13, 2019 | · | 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.
Company insiders 18 insiders · 6 officers · 13 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Thomas William Burns | CHAIRMAN & CEO | June 25, 2026 F | 68,967 | 0 | 2 | $-31,625,000 |
| Alex R. Thurman | SVP & CHIEF FINANCIAL OFFICER | Aug. 7, 2026 M | 43,906 | 0 | 9 | $-10,175,035 |
| Richard L Harrison | CFO & Treasurer | Jan. 13, 2017 M | 1,388 | 0 | 0 | $0 |
| Joseph E Gilliam | PRESIDENT & COO | Aug. 11, 2026 M | 72,588 | 0 | 9 | $-17,236,321 |
| Chris M. Calcaterra | Chief Operating Officer | March 24, 2022 A | 181,594 | 0 | 0 | $0 |
| Tomas Navratil | CHIEF DEVELOPMENT OFFICER | Sept. 25, 2026 S | 70,818 | 0 | 23 | $-3,623,143 |
| Gilbert H Kliman | Director | Aug. 19, 2026 M | 37,406 | 0 | 4 | $-2,390,150 |
| Leana Wen | Director | July 31, 2026 S | 21,092 | 0 | 2 | $-331,701 |
| Denice Torres | Director | May 28, 2026 A | 24,212 | 0 | 0 | $0 |
| Marc Stapley | Director | May 28, 2026 A | 39,327 | 0 | 5 | $-1,915,576 |
| Mark J Foley | Director | May 28, 2026 A | 60,267 | 0 | 0 | $0 |
| David F Hoffmeister | Director | May 28, 2026 A | 49,549 | 0 | 0 | $0 |
| Aimee S Weisner | Director | May 28, 2026 A | 20,684 | 0 | 4 | $-1,760,762 |
| William J Link PHD | Director | June 3, 2021 A | 17,821 | 0 | 0 | $0 |
| Jonathan Silverstein | Director | March 6, 2018 S | 0 | 0 | 0 | $0 |
| Olav Bergheim | Director | July 23, 2015 A | · | 0 | 0 | $0 |
| Paul S Madera | Director | June 30, 2015 C | 54,177 | 0 | 0 | $0 |
| Robert J More | Director | June 24, 2015 P | 5,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 52 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 |
|---|---|---|---|---|
| PSCH · Invesco Exchange-Traded Fund Trust … | 5.26% | 56,105 SH | Oct. 2, 2026 | Daily |
| HTEC · EXCHANGE TRADED CONCEPTS TRUST | 1.92% | 7,940 NS | July 31, 2026 | N-PORT |
| XSMO · Invesco Exchange-Traded Fund Trust | 1.80% | 316,943 SH | Oct. 2, 2026 | Daily |
| IHI · iShares Trust | 1.51% | 280,789 SH | Sept. 11, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.76% | 26,269 NS | July 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.65% | 542,347 SH | Sept. 11, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.62% | 48,238 SH | Aug. 19, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.61% | 8,860 SH | Oct. 2, 2026 | Daily |
| SAWS · ETF Series Solutions | 0.59% | 278 NS | July 31, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.47% | 61,753 SH | Aug. 19, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.47% | 36,279 NS | July 31, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.44% | 205,357 SH | Aug. 19, 2026 | Daily |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.42% | 10,436 SH | Oct. 2, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.41% | 2,138 NS | July 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.36% | 29,479 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.32% | 1,474,262 SH | Sept. 11, 2026 | Daily |
| ISCG · iShares Trust | 0.32% | 17,909 SH | Sept. 11, 2026 | Daily |
| RSSL · Global X Funds | 0.31% | 27,615 NS | July 31, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.27% | 38,635 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.24% | 331,911 SH | Aug. 19, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.23% | 7,886 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.21% | 35,294 SH | Sept. 11, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.21% | 739,173 SH | Aug. 19, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.21% | 7,043 SH | Aug. 19, 2026 | Daily |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.20% | 24,760 NS | July 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.13% | 26,215 NS | July 31, 2026 | N-PORT |
| VHT · VANGUARD WORLD FUND | 0.11% | 165,664 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.10% | 17,000 SH | Oct. 2, 2026 | Daily |
| WSML · iShares Trust | 0.09% | 3,584 SH | Sept. 11, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.09% | 674,100 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.09% | 1,279,809 SH | Aug. 19, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.04% | 4,301 SH | Oct. 2, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.02% | 16,572 NS | July 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 278 SH | Oct. 2, 2026 | Daily |
| TILT · FlexShares Trust | 0.02% | 2,058 NS | July 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.01% | 77,989 SH | Sept. 11, 2026 | Daily |
| IWV · iShares Trust | 0.01% | 15,246 SH | Sept. 11, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 1,774,109 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.01% | 46,464 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 4,787 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.01% | 12,724 SH | Aug. 19, 2026 | Daily |
| DFSU · Dimensional ETF Trust | 0.01% | 677 NS | July 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 4,169 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 495 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 5,937 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 378 NS | July 31, 2026 | N-PORT |
| IJR · iShares Trust | · | 3,582,643 SH | Sept. 10, 2026 | Daily |
| IJT · iShares Trust | · | 383,404 SH | Sept. 9, 2026 | Daily |
| IJS · iShares Trust | · | 162,433 SH | Sept. 8, 2026 | Daily |
| XJR · iShares Trust | · | 8,117 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 2,543 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 25,281 SH | Sept. 11, 2026 | Daily |
GKOS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 21 analysts
BUY
Median target
$200.00
+22.1%
8 38.1%
Strong Buy
10 47.6%
Buy
2 9.5%
Hold
1 4.8%
Sell
0 0.0%
Strong Sell
12-Month Price Target
13 analysts · 2026-10-02Mean target $198.69 +21.3%
← Below all targets
Current price $163.75
Low$172.00
Mean$198.69
High$225.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| GKOS | $6.49B | -34.4 | 32.3% | -37.0% | -26.4% | 55.7% |
| ZBH | $28.66B | 25.3 | 7.2% | 8.6% | 5.6% | · |
| PEN | $12.20B | 68.8 | 17.5% | 12.7% | 13.1% | 67.1% |
| BAX | $13.05B | -10.2 | 5.7% | -8.5% | -14.6% | 30.0% |
| GMED | · | 22.3 | 16.7% | 18.3% | 12.1% | · |
| PODD | $20.01B | 81.7 | 30.7% | 9.1% | 16.6% | 71.6% |
| TFX | · | -6.0 | 17.2% | -45.5% | -24.6% | 56.2% |
| ITGR | $2.69B | 27.1 | 8.0% | 5.5% | 6.0% | 27.0% |
| NVST | $3.56B | 77.5 | 8.3% | 1.7% | 1.5% | 54.7% |
| IRTC | $5.73B | -127.7 | 26.2% | -6.0% | -34.8% | 70.6% |
| ABT | $250.18B | 33.7 | 5.7% | 14.7% | 13.1% | · |
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Source: SEC 10-Q filed Jul 29, 2026