GPGI GPGI, Inc. Class A Common Stock
$12.77
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$11–$27
10% of range
Analyst Rating
HOLD
6 analysts
Price Target
$15
+17% upside
P/E (TTM)
-15.7
ROE
-198.9%
Net Profit Margin
-227.3%
GPGI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$12.77
Market Cap
—
P/E (TTM)
-15.7
EPS (TTM)
$-1.23
Revenue (TTM)
$60M
Div Yield
—
ROE
-198.9%
Debt/Equity
0.0
52W Range
$11 – $27
GPGI 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
$60M
2019-12-31
→
2025-12-31
EPS
$-1.23
2021-12-31
→
2025-12-31
Free Cash Flow
$-23M
2021-12-31
→
2025-12-31
Margins
-227.3%
2021-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
GPGI
Peer Median
P/E (TTM)
-15.7
35.9
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
GPGI
Peer Median
Gross Margin
48.0%
28.2%
Operating Margin
-22.9%
—
Net Profit Margin
-227.3%
4.1%
ROA
-27.4%
4.5%
ROE
-198.9%
12.3%
ROIC
-6.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
GPGI
Peer Median
Debt / Equity
0.0
133.8
Current Ratio
6.3
1.4
Quick Ratio
6.0
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
GPGI
Peer Median
Revenue YoY
-85.8%
—
Revenue CAGR 3Y
-45.9%
—
Revenue CAGR 5Y
-25.5%
—
EPS YoY
-15.0%
—
Net Income YoY
3.1%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
GPGI
Peer Median
Payout Ratio
0.00%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
0.00%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| May 18, 2026 | $0.0030 |
| Feb. 13, 2026 | $0.0030 |
| May 17, 2024 | $0.2492 |
GPGI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
6 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 3 50.0%
- Sell 1 16.7%
- Strong Sell 2 33.3%
12-Month Price Target
1 analysts · 2026-08-14
Low
$15.00
High
$15.00
Median target
$15.00
+17.5%
Mean target
$15.00
+17.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.00%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.17 | $0.14 | 0.03% |
| March 31, 2026 | $0.12 | $0.26 | -0.14% |
| Dec. 31, 2025 | $0.23 | $0.24 | -0.01% |
| Sept. 30, 2025 | $0.29 | $0.26 | 0.03% |
| June 30, 2025 | $0.25 | $0.21 | 0.04% |
| March 31, 2025 | $0.25 | $0.19 | 0.06% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| GPGI | — | -15.7 | -85.8% | -227.3% | -198.9% | 48.0% |
| NTAP | $21.31B | 17.1 | 5.6% | 20.5% | 109.2% | 78.5% |
| P | — | — | 15.6% | 5.1% | 13.6% | 70.4% |
| HPQ | $25.48B | 10.4 | 3.2% | 4.6% | -311.8% | 20.6% |
| SMCI | $29.12B | 29.2 | 46.6% | 4.8% | 17.9% | 11.1% |
| IONQ | $16.27B | -24.7 | 201.8% | -392.6% | -24.4% | — |
| INFQ | — | — | — | — | 172.0% | — |
| DBD | $2.40B | 26.7 | 1.5% | 2.5% | 9.3% | 25.3% |
| QUBT | $2.30B | -93.3 | 82.8% | -2738.1% | -1.9% | 9.8% |
| CRSR | $633M | -49.5 | 11.9% | -1.1% | -2.6% | 28.9% |
| KODK | $824M | -4.8 | 2.5% | -12.0% | -22.4% | 21.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $60M | $421M | $391M | $378M | $268M | $261M | |
| Cost of Revenue | $31M | $201M | $182M | $159M | $123M | $128M | |
| Gross Profit | $29M | $219M | $209M | $220M | $145M | $133M | |
| R&D Expense | $1M | $7M | $7M | $7M | $3M | · | |
| SG&A Expense | $42M | $112M | $90M | $105M | $63M | $49M | |
| Operating Income | $-14M | $108M | $119M | $115M | $81M | $84M | |
| Interest Income | $1M | $5M | $5M | $1M | $0 | $52.0K | |
| Other Non-op | $-212M | $-189M | $-2M | $1M | $0 | $0 | |
| Pretax Income | $-226M | $-81M | $117M | $136M | $83M | $78M | |
| Income Tax | $39M | $2M | $5M | $4M | $-857.0K | $0 | |
| Net Income | $-136M | $-54M | $19M | $19M | $3M | $78M | |
| EPS (Basic) | $-1.23 | $-1.22 | $1.03 | $1.21 | $0.21 | · | |
| EPS (Diluted) | $-1.23 | $-1.22 | $0.96 | $1.13 | $0.12 | · | |
| Shares (Basic) | 110,517,000 | 44,012,000 | 18,661,000 | 15,372,000 | 14,930,000 | · | |
| Shares (Diluted) | 110,517,000 | 44,012,000 | 35,312,000 | 32,555,000 | 94,570,000 | · | |
| EBITDA | $-12M | $117M | $127M | $123M | $92M | · |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $115M | $77M | $41M | $14M | $22M | $13M | |
| Receivables | $0 | $47M | $40M | $37M | $28M | $9M | |
| Inventory | $0 | $45M | $53M | $42M | $26M | $30M | |
| Prepaid Expense | $6M | $4M | $5M | $4M | $3M | $1M | |
| Current Assets | $120M | $174M | $139M | $97M | $78M | $53M | |
| PP&E (Net) | $0 | $23M | $25M | $23M | $22M | $28M | |
| PP&E (Gross) | $0 | $54M | $47M | $86M | $77M | $72M | |
| Accum. Depreciation | $0 | $31M | $22M | $63M | $55M | $44M | |
| Total Assets | $517M | $474M | $201M | $163M | $131M | $81M | |
| Accounts Payable | $900.0K | $12M | $5M | $7M | $7M | $2M | |
| Accrued Liabilities | $2M | $15M | $12M | $10M | $10M | $12M | |
| Current Liabilities | $19M | $76M | $41M | $47M | $61M | $42M | |
| Capital Leases | $0 | $4M | $6M | $8M | $5M | $0 | |
| Other Non-current Liabilities | · | · | · | · | $0 | $409.0K | |
| Total Liabilities | $274M | $617M | $407M | $455M | $539M | $274M | |
| Long-term Debt | · | $196M | $336M | $344M | $360M | $212M | |
| Total Debt | $0 | $196M | $336M | $14M | $12M | · | |
| Paid-in Capital | $707M | $361M | $39M | $24M | $12M | $6M | |
| Retained Earnings | $-451M | $-507M | $-847M | $-925M | $-1.03B | $-199M | |
| Treasury Stock | $12M | $0 | · | · | · | · | |
| AOCI | $-200.0K | $3M | $5M | $8M | $0 | · | |
| Stockholders' Equity | $243M | $-144M | $-802M | $-892M | $-1.02B | $-193M | |
| Liabilities + Equity | $517M | $474M | $201M | $163M | $131M | $81M |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $2M | $9M | $8M | $9M | $10M | $10M | |
| Stock-based Comp | $4M | $21M | $18M | $11M | $6M | $2M | |
| Deferred Tax | $15M | $-2M | $3M | $3M | $-857.0K | $0 | |
| Other Non-cash | $92M | $155M | $56M | $51M | $49M | · | |
| Operating Cash Flow | $-23M | $130M | $104M | $93M | $78M | $87M | |
| CapEx | $0 | $7M | $11M | $9M | $5M | $8M | |
| Investing Cash Flow | $-61M | $-10M | $-11M | $-9M | $-5M | $-8M | |
| Stock Repurchased | $12M | $0 | $0 | · | · | · | |
| Net Stock Activity | $-12M | · | · | · | · | · | |
| Dividends Paid | $0 | $9M | $0 | $0 | · | · | |
| Financing Cash Flow | $121M | $-83M | $-66M | $-92M | $-65M | $-93M | |
| Net Change in Cash | $37M | $36M | $28M | $-8M | $9M | $-13M | |
| Taxes Paid | $24M | $5M | $3M | $858.0K | $0 | · | |
| Free Cash Flow | $-23M | $122M | $93M | $84M | $73M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 48.0% | 52.1% | 53.5% | 58.0% | 54.1% | · | |
| Operating Margin | -22.9% | 25.6% | 30.5% | 30.4% | 30.4% | · | |
| Net Margin | -227.3% | -12.8% | 4.9% | 4.9% | 5.0% | · | |
| Pretax Margin | -377.4% | -19.2% | 30.0% | 36.0% | 30.8% | · | |
| EBITDA Margin | -20.2% | 27.8% | 32.6% | 32.6% | 34.3% | · | |
| ROA | -27.4% | -15.9% | 10.6% | 12.7% | 12.7% | · | |
| ROE | -198.9% | 25.1% | -2.4% | -2.1% | -2.3% | · | |
| ROIC | -6.6% | 211.8% | -24.6% | -12.7% | -8.2% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 6.3 | 2.3 | 3.4 | 2.2 | 1.3 | 10.6 | |
| Quick Ratio | 6.0 | 1.6 | 2.0 | 1.1 | 0.8 | 6.2 | |
| Debt / Equity | 0.0 | -1.4 | -0.4 | -0.0 | -0.0 | · | |
| LT Debt / Equity | · | -1.3 | -0.4 | · | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 1.2 | 2.1 | 2.6 | 2.5 | · | |
| Inventory Turnover | 1.4 | 4.1 | 3.8 | 4.7 | 4.4 | · | |
| Receivables Turnover | 2.5 | 9.6 | 10.0 | 11.6 | 14.6 | · |
Growth Rates 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | -85.8% | 7.7% | 3.2% | 41.2% | 2.8% | · | |
| Revenue CAGR 3Y | -45.9% | 16.2% | 14.4% | · | · | · | |
| Revenue CAGR 5Y | -25.5% | · | · | · | · | · | |
| EPS YoY | · | · | -15.0% | 841.7% | · | · | |
| Net Income YoY | · | · | 3.1% | 491.5% | -96.0% | · | |
| Net Income CAGR 3Y | · | · | -37.2% | · | · | · |
Valuation (TTM) 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $60M | $421M | $391M | $378M | $268M | $261M | |
| Net Income TTM | $-136M | $-54M | $19M | $19M | $3M | $78M | |
| P/E | -15.7 | -10.4 | 4.7 | 3.6 | 56.8 | · | |
| Earnings Yield | -6.4% | -9.6% | 21.4% | 27.7% | 1.8% | · | |
| Payout Ratio | 0.00% | -16.6% | · | · | · | · | |
| Annual Payout | $0 | $9M | $0 | $0 | · | · |
Income Statement 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $60M | $101M | $107M | $109M | $104M | $100M | $97M | $99M | $95M | $94M | $103M | |
| Cost of Revenue | $0 | $0 | $2.0K | $0 | $0 | $31M | $48M | $52M | $52M | $49M | $47M | $48M | $45M | $42M | $44M | $42M | |
| Gross Profit | $0 | $0 | $-2.0K | $0 | $0 | $29M | $53M | $55M | $56M | $55M | $53M | $49M | $54M | $53M | $50M | $62M | |
| SG&A Expense | $9M | $56M | $7M | $10M | $3M | $23M | $37M | $26M | $24M | $24M | $22M | $20M | $24M | $24M | $25M | $36M | |
| Operating Income | $-9M | $-56M | $-7M | $-10M | $-3M | $6M | $16M | $29M | $32M | $31M | $31M | $29M | $30M | $29M | $25M | $26M | |
| Interest Income | $0 | $200.0K | $710.0K | $287.0K | $0 | $200.0K | $1M | $1M | $1M | $1M | · | · | · | · | · | · | |
| Other Non-op | $-6M | $-22M | $-931.0K | $-175M | $-64M | $28M | $-62M | $-114M | $2M | $-15M | $4M | $10M | $3M | $-20M | $-27M | $1M | |
| Pretax Income | · | · | $-8M | $-185M | $-67M | $34M | · | $-85M | $34M | $16M | · | $39M | $34M | $9M | $23M | $22M | |
| Income Tax | $1M | $4M | $-16M | $30M | $-2M | $27M | $2M | $629.0K | $258.0K | $-836.0K | $4M | $949.0K | $970.0K | $-1M | $622.0K | $393.0K | |
| Net Income | $50M | $-235M | $43M | $-175M | $-26M | $22M | $-27M | $-42M | $11M | $4M | $4M | $7M | $6M | $2M | $4M | $3M | |
| EPS (Basic) | $0.17 | $-0.87 | $0.40 | $-1.58 | $-0.26 | $0.21 | $-0.76 | $-1.10 | $0.44 | $0.20 | $0.20 | $0.39 | $0.31 | $0.13 | $0.24 | $0.18 | |
| EPS (Diluted) | $0.17 | $-0.87 | $0.54 | $-1.58 | $-0.26 | $0.07 | $-0.61 | $-1.10 | $0.32 | $0.17 | $0.22 | $0.34 | $0.29 | $0.11 | $0.20 | $0.18 | |
| Shares (Basic) | 289,863,943 | 269,993,148 | -204,110,000 | 110,265,000 | 102,321,754 | 102,039,611 | -40,205,000 | 38,212,000 | 25,438,000 | 20,567,000 | -36,583,000 | 19,075,000 | 18,537,000 | 17,632,000 | -30,047,000 | 15,433,000 | |
| Shares (Diluted) | 292,350,830 | 269,993,148 | -215,340,000 | 110,265,000 | 102,321,754 | 113,270,186 | -187,076,000 | 38,212,000 | 96,641,000 | 96,235,000 | -130,717,000 | 35,765,000 | 35,528,000 | 94,736,000 | -34,404,000 | 19,662,000 | |
| EBITDA | $-9M | $-56M | · | $-10M | $-3M | $8M | · | $31M | $34M | $33M | · | $31M | $32M | $31M | · | $28M |
Balance Sheet 22
| 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 | $8M | $6M | $115M | $127M | $5M | $10M | $77M | $53M | $35M | $55M | · | $24M | $23M | $23M | · | $15M | |
| Receivables | · | · | $0 | $0 | $0 | $0 | $47M | $44M | $40M | $35M | $40M | $49M | $37M | $39M | · | $46M | |
| Inventory | · | · | $0 | $0 | $0 | $0 | $45M | $55M | $58M | $55M | · | $52M | $49M | $51M | · | $39M | |
| Prepaid Expense | $4M | $4M | $5M | $5M | $1M | $1M | $4M | $5M | $4M | $5M | · | $4M | $4M | $4M | · | $3M | |
| Current Assets | $27M | $23M | $120M | $132M | $6M | $11M | $174M | $157M | $136M | $151M | · | $128M | $112M | $117M | · | $103M | |
| PP&E (Net) | · | · | $0 | $0 | $0 | $0 | $23M | $23M | $24M | $25M | · | $23M | $24M | $24M | · | $23M | |
| PP&E (Gross) | · | · | $0 | $0 | $0 | $0 | $54M | $52M | $50M | $98M | · | $93M | $92M | $90M | · | $84M | |
| Accum. Depreciation | · | · | $0 | $0 | $0 | $0 | $31M | $29M | $26M | $74M | · | $69M | $67M | $65M | · | $61M | |
| Total Assets | $3.46B | $3.41B | $517M | $505M | $317M | $292M | $474M | $435M | $213M | $214M | · | $195M | $181M | $186M | · | $170M | |
| Accounts Payable | $2M | $1M | $922.0K | $2M | $3M | $4M | $12M | $10M | $9M | $5M | · | $14M | $7M | $15M | · | $13M | |
| Accrued Liabilities | $3M | $3M | $2M | $41M | $15M | $29M | $15M | $13M | $12M | $13M | · | $14M | $11M | $12M | · | $20M | |
| Current Liabilities | $24M | $25M | $19M | $58M | $52M | $47M | $76M | $65M | $49M | $42M | · | $53M | $51M | $59M | · | $67M | |
| Capital Leases | · | · | $0 | $0 | $0 | $0 | $4M | $4M | $5M | $6M | · | $7M | $7M | $8M | · | $8M | |
| Total Liabilities | $290M | $298M | $274M | $353M | $424M | $380M | $617M | $720M | $422M | $411M | · | $434M | $453M | $477M | · | $495M | |
| Long-term Debt | · | $0 | · | · | · | · | · | $326M | $328M | $332M | · | $341M | $335M | $339M | · | $348M | |
| Total Debt | · | · | · | $0 | $0 | $0 | · | $326M | $328M | $332M | · | $341M | $19M | $19M | · | $10M | |
| Paid-in Capital | $3.82B | $3.82B | $707M | $659M | $214M | $206M | $361M | $180M | $36M | $40M | · | $35M | $30M | $26M | · | $21M | |
| Retained Earnings | $-637M | $-687M | $-451M | $-494M | $-320M | $-294M | $-507M | $-468M | $-767M | $-840M | · | $-878M | $-907M | $-920M | · | $-958M | |
| Treasury Stock | $12M | $12M | $12M | $12M | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| AOCI | $0 | $-200.0K | $-206.0K | $-206.0K | $-206.0K | $-206.0K | $3M | $3M | $5M | $5M | · | $8M | $8M | $7M | · | $9M | |
| Stockholders' Equity | $3.17B | $3.12B | $243M | $152M | $-106M | $-87M | $-143M | $-285M | $-726M | $-794M | $-802M | $-835M | $-868M | $-888M | $-892M | $-928M | |
| Liabilities + Equity | $3.46B | $3.41B | $517M | $505M | $317M | $292M | $474M | $435M | $213M | $214M | · | $195M | $181M | $186M | · | $170M |
Cash Flow 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $0 | $0 | $0 | $0 | $0 | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Stock-based Comp | $3M | $2M | $245.0K | $236.0K | $137.0K | $4M | $6M | $6M | $5M | $4M | $5M | $5M | $4M | $4M | $4M | $4M | |
| Deferred Tax | · | · | $17M | $0 | $0 | $-2M | $1M | $-588.0K | $-1M | $-2M | $4M | $285.0K | $264.0K | $-2M | $2.0K | $97.0K | |
| Other Non-cash | · | $180M | · | · | · | $-22M | · | · | · | $25M | · | · | · | $19M | · | · | |
| Operating Cash Flow | $9M | $-53M | $-14M | $-12M | $37.0K | $3M | $34M | $29M | $32M | $34M | $26M | $25M | $28M | $25M | $11M | $31M | |
| CapEx | · | · | $0 | $0 | $0 | $0 | $3M | $2M | $2M | $2M | $4M | $972.0K | $2M | $4M | $2M | $4M | |
| Investing Cash Flow | $8M | $-2.02B | $0 | $0 | $0 | $-61M | $-4M | $-2M | $-2M | $-2M | $-4M | $-972.0K | $-2M | $-4M | $-2M | $-4M | |
| Stock Issued | $0 | $1.96B | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | $0 | · | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | $1.96B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid | $800.0K | $700.0K | $0 | $0 | $0 | $0 | $0 | $0 | · | · | $0 | $0 | · | · | · | · | |
| Financing Cash Flow | $-15M | $1.96B | $1M | $134M | $-5M | $-10M | $-5M | $-10M | $-50M | $-18M | $-5M | $-23M | $-26M | $-12M | $-11M | $-25M | |
| Net Change in Cash | $1M | $-108M | $-13M | $123M | $-5M | $-68M | $25M | $17M | $-20M | $14M | $17M | $1M | $48.0K | $9M | $-2M | $2M | |
| Taxes Paid | $7M | $0 | $8M | $5M | $11M | $700.0K | $1M | $2M | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | · | · | · | · | $3M | · | · | · | $32M | · | · | · | $21M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | 48.1% | · | 51.7% | 51.6% | 53.1% | · | 50.5% | 54.7% | 56.0% | · | 59.8% | |
| Operating Margin | · | · | · | · | · | 10.1% | · | 27.2% | 29.3% | 29.9% | · | 29.7% | 30.8% | 30.9% | · | 24.8% | |
| Net Margin | · | · | · | · | · | 35.9% | · | -39.3% | 10.2% | 3.9% | · | 7.7% | 5.8% | 2.4% | · | 2.7% | |
| Pretax Margin | · | · | · | · | · | 56.2% | · | -79.2% | 31.2% | 15.6% | · | 40.2% | 34.2% | 9.9% | · | 21.6% | |
| EBITDA Margin | · | · | · | · | · | 12.8% | · | 29.3% | 31.5% | 32.1% | · | 31.9% | 33.0% | 33.0% | · | 26.8% | |
| ROA | 2.7% | -12.7% | · | -37.1% | -9.8% | 8.5% | · | -13.3% | 5.6% | 2.0% | · | 4.1% | 3.5% | 1.4% | · | 1.4% | |
| ROE | 3.3% | -15.5% | · | 263.6% | 6.3% | -4.9% | · | 7.5% | -1.4% | -0.48% | · | -0.85% | -0.63% | -0.25% | · | -0.58% | |
| ROIC | · | · | · | -7.6% | 2.4% | -1.4% | · | 70.9% | -7.9% | -7.1% | · | -5.7% | -3.5% | -3.8% | · | -2.7% |
Liquidity & Solvency 4
| 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 | 1.1 | 0.9 | · | 2.3 | 0.1 | 0.2 | · | 2.4 | 2.8 | 3.6 | · | 2.4 | 2.2 | 2.0 | · | 1.5 | |
| Quick Ratio | 0.3 | 0.3 | · | 2.2 | 0.1 | 0.2 | · | 1.5 | 1.5 | 2.1 | · | 1.4 | 1.2 | 1.0 | · | 0.9 | |
| Debt / Equity | · | · | · | 0.0 | 0.0 | 0.0 | · | -1.1 | -0.5 | -0.4 | · | -0.4 | -0.0 | -0.0 | · | -0.0 | |
| LT Debt / Equity | · | · | · | · | · | · | · | -1.1 | -0.4 | -0.4 | · | -0.4 | · | · | · | · |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.2 | · | 0.3 | 0.6 | 0.5 | · | 0.5 | 0.6 | 0.6 | · | 0.5 | |
| Inventory Turnover | · | · | · | 0.0 | 0.0 | 1.1 | · | 1.0 | 1.0 | 0.9 | · | 1.1 | 1.1 | 1.1 | · | 2.1 | |
| Receivables Turnover | · | · | · | 0.0 | 0.0 | 3.4 | · | 2.3 | 2.9 | 2.8 | · | 2.1 | 2.4 | 2.5 | · | 4.5 |
Valuation (TTM) 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $0 | $60M | · | $167M | $276M | $380M | · | $417M | $408M | $395M | · | $394M | $394M | $380M | · | $351M | |
| Net Income TTM | $-385M | $-414M | · | $-221M | $-36M | $-5M | · | $-19M | $28M | $20M | · | $18M | $19M | $17M | · | $33M | |
| P/E | -6.2 | -6.5 | · | -7.3 | -14.5 | -20.1 | · | -43.1 | 5.0 | 6.6 | · | 5.8 | 5.2 | 5.9 | · | · | |
| Earnings Yield | -16.0% | -15.4% | · | -13.8% | -6.9% | -5.0% | · | -2.3% | 19.8% | 15.2% | · | 17.2% | 19.3% | 17.0% | · | · | |
| Payout Ratio | · | -0.30% | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Revenue | $60M | — | — | $421M | $391M |
| Gross Margin % | 48.0% | — | — | 52.1% | 53.5% |
| Operating Margin % | -22.9% | — | — | 25.6% | 30.5% |
| Net Income | $-136M | — | — | $-54M | $19M |
| Diluted EPS | $-1.23 | — | — | $-1.22 | $0.96 |
Balance Sheet
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | — | — | -1.4 | -0.4 |
| Current Ratio | 6.3 | — | — | 2.3 | 3.4 |
| Quick Ratio | 6.0 | — | — | 1.6 | 2.0 |
Cash Flow
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-23M | — | — | $122M | $93M |
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Institutional owners (13F) 213 filers · $3.7B 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 |
|---|---|---|---|---|
| 39 (-14 vs prior Q) | 36 (-16 vs prior Q) | 72 (-4 vs prior Q) | 58 (+7 vs prior Q) | +19.2M |
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 |
|---|---|---|---|---|
| Platinum Equity Advisors, LLC/DE | $837,351,648 | 52,829,757 | 22.45% | Shares |
| FMR LLC | $485,696,654 | 30,643,322 | 13.02% | Shares |
| Alyeska Investment Group, L.P. | $370,966,651 | 23,404,836 | 9.95% | Shares |
| LOCUST WOOD CAPITAL ADVISERS, LLC | $236,283,682 | 14,907,488 | 6.33% | Shares |
| Capital Research Global Investors | $183,076,693 | 11,550,580 | 4.91% | Shares |
| COOPERMAN LEON G | $180,444,452 | 11,384,508 | 4.84% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $165,472,938 | 10,439,933 | 4.44% | Shares |
| CORSAIR CAPITAL MANAGEMENT, L.P. | $135,008,065 | 8,517,859 | 3.62% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $132,625,430 | 8,367,535 | 3.56% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $123,235,494 | 7,775,110 | 3.30% | Shares |
| Alberta Investment Management Corp | $88,845,685 | 5,605,406 | 2.38% | Shares |
| Starboard Value LP | $79,678,394 | 5,027,028 | 2.14% | Shares |
| STATE STREET CORP | $71,494,960 | 4,510,723 | 1.92% | Shares |
| Capital World Investors | $65,021,661 | 4,102,313 | 1.74% | Shares |
| Bleichroeder LP | $62,958,985 | 3,972,176 | 1.69% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $61,498,759 | 3,879,170 | 1.65% | Shares |
| Nine Ten Capital Management LLC | $47,305,000 | 2,984,544 | 1.27% | Shares |
| BWCP, LP | $37,144,079 | 2,343,475 | 1.00% | Shares |
| Toroso Investments, LLC | $31,127,020 | 1,614,472 | 0.83% | Shares |
| Chescapmanager LLC | $30,546,120 | 1,927,200 | 0.82% | Shares |
| Zuckerman Investment Group, LLC | $30,335,092 | 1,913,886 | 0.81% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $23,834,707 | 1,503,767 | 0.64% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $22,137,663 | 1,396,698 | 0.59% | Shares |
| Clearbridge Investments, LLC | $21,395,583 | 1,349,879 | 0.57% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $20,368,027 | 1,285,049 | 0.55% | Shares |
| TWO SIGMA ADVISERS, LP | $13,191,145 | 684,188 | 0.35% | Shares |
| Tikvah Management LLC | $12,689,684 | 800,611 | 0.34% | Shares |
| UBS Group AG | $11,307,358 | 713,398 | 0.30% | Shares |
| Pillsbury Lake Capital LLC | $10,794,357 | 681,032 | 0.29% | Shares |
| VANGUARD GROUP INC | $8,836,024 | 458,300 | 0.24% | Shares |
| Catawba River Capital | $6,328,241 | 399,258 | 0.17% | Shares |
| Ballast Asset Management, LP | $5,926,236 | 373,895 | 0.16% | Shares |
| Swiss National Bank | $5,531,650 | 349,000 | 0.15% | Shares |
| BARD ASSOCIATES INC | $4,493,697 | 283,514 | 0.12% | Shares |
| JANUS HENDERSON GROUP PLC | $4,415,684 | 258,155 | 0.12% | Shares |
| GRAND JEAN CAPITAL MANAGEMENT INC | $4,380,839 | 285,769 | 0.12% | Shares |
| RICE HALL JAMES & ASSOCIATES, LLC | $4,262,477 | 268,926 | 0.11% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $3,964,101 | 250,101 | 0.11% | Shares |
| FIRST MANHATTAN CO. LLC. | $3,883,947 | 245,044 | 0.10% | Shares |
| GABELLI FUNDS LLC | $3,812,210 | 240,518 | 0.10% | Shares |
| Bank of New York Mellon Corp | $3,767,830 | 237,718 | 0.10% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3,752,886 | 219,467 | 0.10% | Shares |
| ALLIANCEBERNSTEIN L.P. | $3,526,294 | 206,216 | 0.09% | Shares |
| BANK OF AMERICA CORP /DE/ | $3,471,720 | 219,036 | 0.09% | Shares |
| RHUMBLINE ADVISERS | $3,400,589 | 214,549 | 0.09% | Shares |
| Nuveen Asset Management, LLC | $2,780,402 | 181,370 | 0.07% | Shares |
| BlackRock, Inc. | $2,403,970 | 151,670 | 0.06% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,151,273 | 135,727 | 0.06% | Shares |
| Diametric Capital, LP | $2,023,775 | 127,683 | 0.05% | Shares |
| Aquatic Capital Management LLC | $1,871,203 | 118,057 | 0.05% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $1,856,130 | 117,106 | 0.05% | Shares |
| Bridgewater Associates, LP | $1,822,956 | 115,013 | 0.05% | Shares |
| Potomac Capital Management, Inc. | $1,798,975 | 113,500 | 0.05% | Shares |
| MetLife Investment Management, LLC | $1,679,308 | 105,950 | 0.05% | Shares |
| Quantinno Capital Management LP | $1,658,164 | 104,616 | 0.04% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $1,587,837 | 100,179 | 0.04% | Shares |
| Corient Private Wealth LP | $1,546,451 | 97,568 | 0.04% | Shares |
| First Growth Capital LLC | $1,502,643 | 94,804 | 0.04% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $1,461,243 | 92,192 | 0.04% | Shares |
| GAMCO INVESTORS, INC. ET AL | $1,458,200 | 92,000 | 0.04% | Shares |
| State of New Jersey Common Pension Fund D | $1,447,771 | 91,342 | 0.04% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,321,700 | 83,388 | 0.04% | Shares |
| CITIGROUP INC | $1,279,460 | 80,723 | 0.03% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,182,362 | 74,597 | 0.03% | Shares |
| Invesco Ltd. | $1,144,164 | 72,187 | 0.03% | Shares |
| Russell Investments Group, Ltd. | $1,140,949 | 71,984 | 0.03% | Shares |
| Vanguard Global Advisers, LLC | $1,078,719 | 68,058 | 0.03% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $1,044,426 | 69,351 | 0.03% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $1,008,900 | 63,653 | 0.03% | Shares |
| Verdence Capital Advisors LLC | $1,007,612 | 63,572 | 0.03% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $986,805 | 62,259 | 0.03% | Shares |
| Police & Firemen's Retirement System of New Jersey | $846,564 | 53,411 | 0.02% | Shares |
| VAN ECK ASSOCIATES CORP | $829,985 | 52,365 | 0.02% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $760,626 | 47,989 | 0.02% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $734,854 | 46,363 | 0.02% | Shares |
| Vanguard Investments Australia, Ltd. | $727,293 | 45,886 | 0.02% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $704,342 | 44,438 | 0.02% | Shares |
| Holocene Advisors, LP | $694,896 | 43,842 | 0.02% | Shares |
| JANE STREET GROUP, LLC | $678,380 | 42,800 | 0.02% | Call option |
| KLP KAPITALFORVALTNING AS | $648,265 | 40,900 | 0.02% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $546,413 | 34,474 | 0.01% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $517,598 | 32,656 | 0.01% | Shares |
| RAYMOND JAMES FINANCIAL INC | $482,712 | 30,455 | 0.01% | Shares |
| PRUDENTIAL FINANCIAL INC | $474,945 | 29,965 | 0.01% | Shares |
| GOLDMAN SACHS GROUP INC | $471,300 | 29,735 | 0.01% | Shares |
| ABS Direct Equity Fund LLC | $467,575 | 16 | 0.01% | Shares |
| NORTHERN TRUST CORP | $445,068 | 28,080 | 0.01% | Shares |
| MARSHALL WACE, LLP | $407,852 | 25,732 | 0.01% | Shares |
| Congress Wealth Management LLC / DE / | $406,679 | 28,863 | 0.01% | Shares |
| Pictet Asset Management Holding SA | $403,002 | 25,426 | 0.01% | Shares |
| Nuveen, LLC | $399,230 | 25,188 | 0.01% | Shares |
| BARCLAYS PLC | $397,692 | 25,091 | 0.01% | Shares |
| Centiva Capital, LP | $393,809 | 24,846 | 0.01% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $390,782 | 24,655 | 0.01% | Shares |
| ALLSTATE CORP | $390,259 | 24,622 | 0.01% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $386,185 | 24,365 | 0.01% | Shares |
| GREAT LAKES ADVISORS, LLC | $375,819 | 23,711 | 0.01% | Shares |
| ProShare Advisors LLC | $375,803 | 23,710 | 0.01% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $374,060 | 23,600 | 0.01% | Call option |
| ROWLANDMILLER & PARTNERS.ADV | $352,713 | 22,253 | 0.01% | Shares |
Company insiders 27 insiders · 9 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Graham Robinson | President and Chief Executive Officer of CompoSecure reporting segment | Jan. 22, 2026 A | 178,926 | 0 | 0 | $0 |
| Jonathan Wilk | President and CEO | Jan. 2, 2026 F | 2,697,647 | 0 | 0 | $0 |
| Timothy Walter Fitzsimmons | Chief Financial Officer | Feb. 26, 2025 A | 859,789 | 0 | 0 | $0 |
| Gregoire Maes | Chief Operating Officer | Jan. 2, 2026 F | 645,653 | 0 | 0 | $0 |
| Thomas R. Knott | Principal executive officer and Chief Investment Officer | June 11, 2026 P | 129,250 | 2 | 0 | $1,746,388 |
| Kurt Schoen | Principal financial officer and principal accounting officer | March 17, 2026 P | 3,000 | 1 | 0 | $51,000 |
| David M Cote | Executive Chairman | Feb. 26, 2026 A | 76,449 | 0 | 0 | $0 |
| Amanda Mandy Gourbault | Chief Revenue Officer | Jan. 2, 2026 F | 725,043 | 0 | 0 | $0 |
| Adam Joseph Lowe | Chief Product & Innov. Officer | Jan. 2, 2026 F | 1,327,494 | 0 | 0 | $0 |
| Rebecca Corbin Loree | Director | June 11, 2026 A | 63,220 | 1 | 0 | $50,515 |
| John D. Cote | Director | June 11, 2026 A | 5,800 | 1 | 0 | $99,180 |
| Brian F. Hughes | Director | June 11, 2026 A | 121,405 | 0 | 0 | $0 |
| Paul Galant | Director | June 11, 2026 A | 146,343 | 0 | 0 | $0 |
| Kevin M Moriarty | Director | June 11, 2026 A | 67,055 | 0 | 0 | $0 |
| Jane J. Thompson | Director | June 11, 2026 A | 83,813 | 0 | 2 | $-462,218 |
| Krishna Mikkilineni | Director | June 11, 2026 A | 64,865 | 0 | 0 | $0 |
| Mark R. James | Director | June 11, 2026 A | 54,055 | 0 | 0 | $0 |
| Joseph J Deangelo | Director | June 11, 2026 A | 315,316 | 0 | 0 | $0 |
| Roger Fradin | Director | Oct. 1, 2024 A | — | 0 | 0 | $0 |
| Michele Logan | Director | Sept. 17, 2024 C | 0 | 0 | 0 | $0 |
| Niloofar Razi Howe | Director | June 28, 2024 A | 118,061 | 0 | 0 | $0 |
| Mitchell L Hollin | Director | May 30, 2024 A | 43,320 | 0 | 0 | $0 |
| Dixon R Doll Jr. | 10% owner | Aug. 24, 2023 S | 0 | 0 | 0 | $0 |
| Roman DBDR Tech Sponsor LLC | 10% owner | Aug. 22, 2023 S | 0 | 0 | 0 | $0 |
| Donald G Basile | 10% owner | Aug. 22, 2023 S | 0 | 0 | 0 | $0 |
| Dixon Doll | 10% owner | Sept. 14, 2022 S | 4,760,929 | 0 | 0 | $0 |
| Tikvah Management LLC | 10% owner | April 8, 2022 P | 2,733,612 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 5 positions
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 |
|---|---|---|---|---|---|
| Platinum Equity, LLC, Platinum Equity Investment Holdings, LLC, Platinum Equity Investment Holdings IC (Cayman), LLC, Platinum Equity InvestCo, L.P., Platinum Equity Investment Holdings IV, LLC, Platinum Equity Investment Holdings IV (Cayman), LLC, Platinum Equity Partners International IV (Cayman), L.P., PE Titan CS Holdings, L.P., Tom Gores | Jan. 20, 2026 | 18.30% | Initial filing | Passive investment | SEC |
| Resolute Compo Holdings LLC, C 323 Holdings, LLC, Tungsten 2024 LLC, Thomas R. Knott, John D. Cote ×8 filings | Jan. 14, 2026 | 17.90% | Amendment | — | SEC |
| Michele D. Logan, Ephesians 3:16 Holdings LLC, The MDL Family Trust, The DML Family Trust, Carol D. Herslow Credit Shelter Trust B ×4 filings | Sept. 17, 2024 | — | Initial filing | — | SEC |
| LLR Equity Partners IV, L.P., LLR Equity Partners Parallel IV, L.P., LLR Capital IV, L.P., LLR Capital IV, LLC ×4 filings | Sept. 17, 2024 | — | Initial filing | — | SEC |
| Roman DBDR Tech Sponsor LLC (2), Dr. Donald G. Basile (2), Dixon Doll, Jr. (2) ×17 filings | Aug. 25, 2023 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 36 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 |
|---|---|---|---|---|
| RW · EA Series Trust | 2.76% | 31,108 NS | April 30, 2026 | N-PORT |
| VAMO · Cambria ETF Trust | 0.70% | 37,589 NS | April 30, 2026 | N-PORT |
| CGMM · Capital Group Equity ETF Trust I | 0.33% | 767,046 NS | May 31, 2026 | N-PORT |
| FFLC · FIDELITY COVINGTON TRUST | 0.31% | 224,597 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 68,632 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.08% | 77,113 NS | April 30, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.06% | 10,299 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.05% | 8,376 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.05% | 858,315 NS | May 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.04% | 475,049 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.03% | 27,433 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.03% | 6,551 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.03% | 60,186 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.02% | 6,630 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 166 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 6,160 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,240 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 108,834 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 71 NS | May 31, 2026 | N-PORT |
| CLSE · Trust for Professional Managers | -0.35% | -174,721 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWO · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IGM · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| ISCB · iShares Trust | — | — | July 20, 2026 | Daily |
| ISCV · iShares Trust | — | — | July 20, 2026 | Daily |
| ESML · iShares Trust | — | — | Aug. 14, 2026 | Daily |