GPRE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03

Price $15.23

Market Cap (MRQ) $1.07B

P/E (TTM) 9.1

EPS (TTM) $1.68

Revenue (TTM) $1.83B

Div Yield 0.07%

ROE (TTM) 15.4%

Debt/Equity (MRQ) 0.6

52W Range $9–$20

GPRE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04

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About Green Plains, Inc. - Common Stock Company overview from Wikipedia

05 · wikidata

Green Plains Inc. is an American company based in Omaha, Nebraska that was founded in 2004. The company is the third largest ethanol fuel producer in North America (as of February 2012). It was reported in early 2012 that the company ships approximately one billion gallons of ethanol per year. The company employs approximately 640 people, and was founded by Barry Ellsworth. Green Plains Inc. is listed on the NASDAQ Stock Exchange as GPRE.

## Corporate events

2014 - Green Plains changed their name from Green Plains Renewable Energy, Inc. to Green Plains Inc. in May 2014.

2012 - Green Plains completed sale of agribusiness assets including 12 grain elevators in northwestern Iowa and western Tennessee to The Andersons in December 2012.

XMS Capital Partners served as financial advisor to Green Plains in the transaction.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorEnergy industryEnergy employees642 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06

Revenue$2.09B

2016-12-31 → 2025-12-31

EPS$-1.80

2016-12-31 → 2025-12-31

Free Cash Flow$74M

2016-12-31 → 2025-12-31

Net margin6.8%

2016-12-31 → 2025-12-31

Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric	GPRE	5Y avg	Peer Median	Verdict
P/E (TTM)	9.15Y avg ≈-13.3	≈-13.3	9.0	Overvalued
P/S (TTM)	0.65Y avg ≈0.4	≈0.4	0.9	Undervalued
P/B (MRQ)	1.25Y avg ≈1.5	≈1.5	1.3	Undervalued
EV / EBITDA	41.15Y avg ≈-40.4	≈-40.4	·	·
Price / FCF (TTM)	8.45Y avg ≈-9.5	≈-9.5	·	·
Price / Cash Flow (TTM)	6.95Y avg ≈95.4	≈95.4	6.2	Fair value
EV / Revenue	0.65Y avg ≈0.5	≈0.5	·	·
EV / FCF	17.45Y avg ≈-11.0	≈-11.0	·	·
Price / Tangible Book	1.45Y avg ≈1.5	≈1.5	·	·

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	GPRE	5Y avg	Peer Median	Verdict
Gross Margin (TTM)	16.0%5Y avg ≈5.4%	≈5.4%	25.3%	In line
Operating Margin (TTM)	7.4%5Y avg ≈-1.8%	≈-1.8%	0.71%	Top tier
EBITDA Margin (TTM)	12.7%5Y avg ≈1.7%	≈1.7%	4.0%	Top tier
Pretax Margin (TTM)	3.7%5Y avg ≈-3.3%	≈-3.3%	7.0%	Top tier
Net Profit Margin (TTM)	6.8%5Y avg ≈-3.6%	≈-3.6%	0.32%	Top tier
ROA (TTM)	7.6%5Y avg ≈-5.1%	≈-5.1%	-0.63%	Weak
ROE (TTM)	15.4%5Y avg ≈-11.4%	≈-11.4%	-7.2%	Weak
ROIC	-3.7%5Y avg ≈-3.3%	≈-3.3%	2.2%	Weak

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric	GPRE	5Y avg	Peer Median	Verdict
Debt / Equity (MRQ)	0.65Y avg ≈0.7	≈0.7	0.5	In line
Current Ratio (MRQ)	2.05Y avg ≈1.9	≈1.9	1.8	In line
Quick Ratio	1.05Y avg ≈1.1	≈1.1	0.9	In line
Long-Term Debt / Equity (MRQ)	0.45Y avg ≈0.5	≈0.5	0.4	In line

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric	GPRE	5Y avg	Peer Median	Verdict
Revenue YoY	-14.9%5Y avg ≈5.2%	≈5.2%	·	·
Revenue CAGR 3Y	-17.0%5Y avg ≈-0.64%	≈-0.64%	·	·
Revenue CAGR 5Y	1.7%	·	·	·

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric	GPRE	5Y avg	Peer Median	Verdict
EPS (Diluted)	$-1.805Y avg ≈$-1.68	≈$-1.68	·	·
Revenue / Share	$30.995Y avg ≈$50.42	≈$50.42	·	·
Cash Flow / Share	$1.645Y avg ≈$0.70	≈$0.70	·	·
Cash / Share	$2.615Y avg ≈$5.32	≈$5.32	·	·

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric	GPRE	5Y avg	Peer Median	Verdict
Asset Turnover	1.25Y avg ≈1.5	≈1.5	1.2	In line
Receivables Turnover	24.75Y avg ≈29.5	≈29.5	16.1	Top tier
Revenue / Employee	≈$3.3M	·	·	·

value · ≈ 5Y avg · industry median · verdict relative to median

Dividends Yield, payout ratio, dividend history, 5Y CAGR

13

Dividend Yield0.07%

Payout Ratio-0.59%

Annualized Payout≈$0.48Paid quarterly

Ex-date	Amount	Currency	Yield
May 23, 2019	$0.12	USD	≈3.3%
Feb 21, 2019	$0.12	USD	≈3.1%
Nov 26, 2018	$0.12	USD	≈3.0%
Aug 24, 2018	$0.12	USD	≈2.7%
May 24, 2018	$0.12	USD	≈2.3%
Feb 22, 2018	$0.12	USD	≈2.6%
Nov 24, 2017	$0.12	USD	≈2.9%
Aug 24, 2017	$0.12	USD	≈2.9%
May 24, 2017	$0.12	USD	≈2.2%
Feb 22, 2017	$0.12	USD	≈2.0%
Nov 22, 2016	$0.12	USD	≈1.9%
Aug 24, 2016	$0.12	USD	≈2.0%
May 25, 2016	$0.12	USD	≈2.6%
Feb 24, 2016	$0.12	USD	≈3.0%
Nov 24, 2015	$0.12	USD	≈1.8%
Aug 26, 2015	$0.12	USD	≈2.0%
May 27, 2015	$0.08	USD	≈1.1%
Feb 25, 2015	$0.08	USD	≈1.4%
Nov 25, 2014	$0.08	USD	≈0.71%
Aug 26, 2014	$0.08	USD	≈0.46%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14

Avg Surprise 289.6%

Next Report Nov 03, 2026

Period	Report	EPS Actual	EPS Est	Surprise
June 30, 2026	Aug 10, 2026	$0.83	$0.52	60.2%
March 31, 2026		$0.42	$0.06	635.6%
Dec. 31, 2025		$0.17	$0.02	849.7%
Sept. 30, 2025		$0.17	$-0.07	341.8%
June 30, 2025		$-0.46	$-0.31	-48.2%
March 31, 2025		$-1.14	$-0.57	-101.4%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15

Income Statement 17

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$2.09B	$2.46B	$3.30B	$3.66B	$2.83B	$1.92B	$2.42B	$2.98B	$3.29B	$3.41B	$2.97B	$3.24B
Cost of Revenue	·	·	·	·	·	·	·	·	·	·	·	$2.86B
Gross Profit	$137M	$130M	$165M	$113M	$202M	$112M	·	·	·	·	·	$375M
SG&A Expense	$123M	$118M	$133M	$119M	$91M	$85M	$77M	$108M	$108M	$105M	$80M	$78M
Operating Expenses	$2.16B	$2.51B	$3.36B	$3.76B	$2.80B	$2.05B	$2.56B	$2.89B	$3.27B	$3.32B	$2.90B	$2.95B
Operating Income	$-67M	$-47M	$-62M	$-99M	$26M	$-123M	$-143M	$90M	$24M	$92M	$61M	$286M
Interest Expense	·	·	$38M	$33M	$67M	$40M	$40M	$87M	$84M	$52M	$40M	$40M
Interest Income	$4M	$8M	$12M	$5M	$575.0K	$659.0K	$4M	$3M	$2M	$2M	$1M	$635.0K
Other Non-op	$-4M	$2M	$5M	$28M	$-2M	$900.0K	$5M	$178.0K	$3M	$-3M	$-457.0K	$3M
Pretax Income	$-144M	$-71M	$-82M	$-99M	$-43M	$-161M	$-173M	$6M	$-55M	$38M	$21M	$250M
Income Tax	$-52M	$6M	$-6M	$5M	$2M	$-50M	$-21M	$-20M	$-132M	$8M	$6M	$91M
Net Income	$-121M	$-82M	$-93M	$-127M	$-66M	$-109M	$-167M	$16M	$61M	$11M	$7M	$160M
EPS (Basic)	$-1.80	$-1.29	$-1.59	$-2.29	$-1.41	$-3.14	$-4.38	$0.39	$1.56	$0.28	$0.19	$4.37
EPS (Diluted)	$-1.80	$-1.29	$-1.59	$-2.29	$-1.41	$-3.14	$-4.38	$0.39	$1.47	$0.28	$0.18	$3.96
Shares (Basic)	67,496,000	63,796,000	58,814,000	55,541,000	46,652,000	34,631,000	38,111,000	40,320,000	39,247,000	38,318,000	37,947,000	36,467,000
Shares (Diluted)	67,496,000	63,796,000	58,814,000	55,541,000	46,652,000	34,631,000	38,111,000	41,254,000	50,240,000	38,573,000	39,028,000	40,730,000
EBITDA	$31M	$43M	$37M	$-6M	$117M	$-44M	$-70M	$219M	$149M	$176M	$127M	$347M

Balance Sheet 31

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Equivalents	$182M	$173M	$350M	$445M	$426M	$234M	$246M	$252M	$267M	$304M	$385M	$426M
Short-term Investments	·	·	·	$0	$125M	·	·	·	·	·	·	·
Receivables	$74M	$95M	$94M	$109M	$120M	$56M	$107M	$89M	$151M	$147M	$96M	$138M
Prepaid Expense	$18M	$27M	$24M	$20M	$16M	$17M	$14M	$14M	$18M	$17M	$11M	$19M
Other Current Assets	·	·	·	·	·	·	·	$365.0K	·	·	·	·
Current Assets	$523M	$569M	$733M	$929M	$1.12B	$642M	$668M	$1.21B	$1.21B	$1.00B	$913M	$903M
PP&E (Net)	$957M	$1.04B	$1.02B	$1.03B	$894M	$802M	$827M	$815M	$1.18B	$1.18B	$922M	$825M
PP&E (Gross)	$1.64B	$1.79B	$1.71B	$1.66B	$1.46B	$1.33B	$1.31B	$1.23B	$1.69B	$1.60B	$1.26B	$1.10B
Accum. Depreciation	$682M	$750M	$686M	$632M	$567M	$530M	$487M	$419M	$515M	$418M	$339M	$275M
Goodwill	·	·	·	$29M	$29M	$11M	$35M	$35M	$183M	$184M	$41M	$41M
Intangibles	$10M	$13M	$15M	$18M	$23M	·	·	·	·	·	·	·
Other Non-current Assets	$41M	$99M	$111M	$92M	$84M	$73M	$82M	$92M	$219M	$144M	$42M	$52M
Total Assets	$1.58B	$1.78B	$1.94B	$2.12B	$2.16B	$1.58B	$1.70B	$2.22B	$2.78B	$2.51B	$1.92B	$1.82B
Accounts Payable	$135M	$155M	$187M	$234M	$146M	$140M	$157M	$136M	$205M	$192M	$167M	$170M
Accrued Liabilities	$39M	$54M	$57M	$44M	$57M	$38M	$39M	$59M	$64M	$67M	$32M	$65M
Short-term Debt	$34M	$141M	$106M	$138M	$173M	$141M	$188M	$164M	$526M	$291M	$227M	$210M
Current Liabilities	$269M	$386M	$385M	$487M	$472M	$453M	$542M	$834M	$886M	$595M	$439M	$512M
Capital Leases	$44M	$49M	$54M	$56M	$50M	$50M	$38M	$0	·	·	·	·
Deferred Tax	·	·	·	·	·	·	·	$10M	$57M	$140M	$82M	$108M
Other Non-current Liabilities	$34M	$22M	$19M	$24M	$22M	$13M	$9M	$11M	$15M	$9M	$6M	$5M
Total Liabilities	$813M	$908M	$949M	$1.06B	$1.06B	$802M	$833M	$1.15B	$1.73B	$1.53B	$959M	$1.02B
Long-term Debt	$374M	$438M	$499M	$504M	$559M	$431M	$434M	$356M	$852M	$818M	$437M	$463M
Total Debt	$400M	$575M	$600M	$635M	$723M	$526M	$564M	$891M	$1.36B	$1.11B	$675M	$673M
Common Stock	$76.0K	$68.0K	$62.0K	$62.0K	$62.0K	$47.0K	$47.0K	$47.0K	$46.0K	$46.0K	$45.0K	$45.0K
Paid-in Capital	$1.27B	$1.21B	$1.11B	$1.11B	$1.07B	$741M	·	·	·	·	·	·
Retained Earnings	$-440M	$-318M	$-236M	$-142M	$-15M	$39M	$148M	$325M	$325M	$283M	$291M	$299M
Treasury Stock	$61M	$31M	$31M	$31M	$92M	$131M	$120M	$58M	$55M	$76M	$70M	$66M
AOCI	$-618.0K	$973.0K	$-3M	$-27M	$-12M	$-2M	$-11M	$-16M	$-13M	$-4M	$-1M	$-5M
Stockholders' Equity	$766M	$865M	$844M	$910M	$950M	$647M	$752M	$947M	$942M	$863M	$798M	$797M
Liabilities + Equity	$1.58B	$1.78B	$1.94B	$2.12B	$2.16B	$1.58B	$1.70B	$2.22B	$2.78B	$2.51B	$1.92B	$1.82B
Shares Outstanding	69,828,077	64,707,223	62,327,000	62,101,000	61,840,000	47,471,000	46,964,000	46,638,000	46,410,000	46,079,000	45,282,000	44,809,000

Cash Flow 18

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
D&A	$98M	$91M	$98M	$93M	$92M	$78M	$72M	$98M	$104M	$84M	$66M	$62M
Stock-based Comp	$17M	$8M	$13M	$9M	$6M	$8M	$10M	$11M	$12M	$9M	$9M	$3M
Deferred Tax	$-53M	$4M	$-7M	$5M	$1M	$-13M	$-17M	$-24M	$-81M	$5M	$-28M	$24M
Other Non-cash	$170M	$-50M	$45M	$91M	$-29M	$135M	$93M	$-68M	$-259M	$-24M	$-40M	$-25M
Operating Cash Flow	$111M	$-30M	$56M	$70M	$4M	$99M	$-10M	$39M	$-182M	$101M	$14M	$222M
CapEx	$37M	$95M	$108M	$212M	$187M	$111M	$75M	$41M	$45M	$58M	$63M	$60M
Investing Cash Flow	$162M	$-62M	$-107M	$-105M	$-236M	$-11M	$31M	$507M	$-128M	$-573M	$-183M	$-79M
Debt Issued	$30M	$0	$0	$45M	$368M	$33M	$158M	$83M	$571M	$524M	$178M	$543M
Net Debt Issued	$30M	$0	$0	$45M	$368M	$33M	$158M	$-493M	$60M	$417M	$-17M	$-15M
Stock Issued	·	·	$0	$0	$356M	$0	·	·	·	·	·	·
Stock Repurchased	$30M	$0	$0	$0	$0	$11M	$62M	$3M	$7M	$6M	$4M	·
Net Stock Activity	$-30M	·	$0	$0	$356M	$-11M	$-62M	$-3M	$-7M	$-6M	$-4M	·
Dividends Paid	$721.0K	$5M	$23M	$23M	$9M	$10M	$32M	$41M	$39M	$37M	$20M	$9M
Financing Cash Flow	$-252M	$-77M	$-71M	$-25M	$518M	$-83M	$-69M	$-541M	$216M	$425M	$129M	$11M
Net Change in Cash	$21M	$-169M	$-122M	$-61M	$286M	$5M	$-48M	$6M	$-94M	$-47M	$-41M	$153M
Taxes Paid	$2M	$486.0K	$1M	$583.0K	$1M	$-61M	$563.0K	$-22M	$-4M	$5M	$44M	$62M
Free Cash Flow	$74M	$-125M	$-52M	$-143M	$-183M	$-12M	$-85M	$-5M	$-206M	$25M	$-53M	$162M
Levered FCF	·	·	$-87M	$-177M	$-253M	$-39M	$-120M	$-191M	$-36M	$-16M	$-82M	$137M

Profitability 8

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Gross Margin	6.6%	5.3%	5.8%	3.8%	·	·	·	·	·	·	·	11.6%
Operating Margin	-3.2%	-1.9%	-1.9%	-2.7%	0.90%	-6.4%	-5.9%	3.0%	1.2%	2.7%	2.1%	8.8%
Net Margin	-5.8%	-3.4%	-2.8%	-3.5%	-2.3%	-5.7%	-6.9%	0.41%	1.7%	0.31%	0.24%	4.9%
Pretax Margin	-6.9%	-2.9%	-2.5%	-2.7%	-1.5%	-8.4%	-7.1%	0.52%	-1.2%	1.1%	0.72%	7.7%
EBITDA Margin	1.5%	1.8%	1.1%	-0.17%	4.2%	-2.3%	-2.9%	5.7%	4.2%	5.2%	4.3%	10.7%
ROA	-7.2%	-4.4%	-4.6%	-5.9%	-3.5%	-6.6%	-8.5%	0.64%	2.3%	0.48%	0.38%	9.5%
ROE	-14.9%	-9.7%	-10.7%	-13.7%	-8.3%	-15.6%	-19.7%	1.7%	6.8%	1.3%	0.89%	23.8%
ROIC	-3.7%	-3.6%	-4.0%	-6.7%	1.6%	-7.2%	-9.5%	11.6%	-3.4%	3.7%	2.9%	12.4%

Liquidity & Solvency 5

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Current Ratio	1.8	1.5	1.9	1.9	2.4	1.4	1.2	1.4	1.4	1.7	2.1	1.8
Quick Ratio	1.0	0.7	1.2	1.1	1.4	0.6	0.7	0.4	0.5	0.8	1.1	1.1
Debt / Equity	0.5	0.7	0.7	0.7	0.8	0.8	0.8	0.9	1.4	1.3	0.8	0.8
LT Debt / Equity	0.5	0.5	0.6	0.5	0.5	0.4	0.3	0.3	0.8	0.9	0.6	0.5
Interest Coverage	·	·	-1.6	-3.0	0.4	-3.1	-3.5	1.1	0.5	1.8	1.5	7.2

Efficiency 2

Metric	Trend	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Asset Turnover		1.2	1.3	1.6	1.7	1.5	1.2	1.2	1.5	1.4	1.5	1.6	1.9
Receivables Turnover		24.7	26.0	32.5	32.0	32.2	23.6	24.7	30.6	24.1	28.0	25.3	26.4

Per Share 6

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Book Value / Share	$10.97	$13.37	$14.18	$15.35	$17.73	$18.14	$20.87	$23.04	$22.93	$22.48	$21.06	$21.20
Revenue / Share	$30.99	$38.54	$56.04	$65.95	$60.60	$55.55	$63.43	$93.16	$71.58	$88.43	$75.99	$79.44
Cash Flow / Share	$1.64	$-0.47	$0.96	$1.26	$0.09	$2.86	$-0.25	$0.94	$-3.18	$2.15	$0.26	$5.44
Cash / Share	$2.61	$2.67	$5.87	$7.50	$7.95	$6.56	$6.83	$6.12	$6.49	$7.93	$10.16	$11.31
Dividend / Share	·	·	·	·	·	·	·	$0.48	$0.48	$0.40	·	·
EPS (TTM)	$-1.80	$-1.29	$-1.59	$-2.29	$-1.41	$-3.14	$-4.38	$0.39	$1.47	$0.28	$0.18	$3.96

Growth Rates 4

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue YoY	-14.9%	-25.4%	-10.0%	29.6%	47.0%	·	·	·	·	·	·	·
Revenue CAGR 3Y	-17.0%	-4.5%	19.7%	·	·	·	·	·	·	·	·	·
Revenue CAGR 5Y	1.7%	·	·	·	·	·	·	·	·	·	·	·
Dividends Paid CAGR 5Y	-40.5%	·	·	·	·	·	·	·	·	·	·	·

Valuation (TTM) 17

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue TTM	$2.09B	$2.46B	$3.30B	$3.66B	$2.83B	$1.92B	$2.42B	$2.98B	$3.29B	$3.41B	$2.97B	$3.24B
Net Income TTM	$-121M	$-82M	$-93M	$-127M	$-66M	$-109M	$-167M	$16M	$61M	$11M	$7M	$160M
Market Cap	$684M	$613M	$1.50B	$1.81B	$1.86B	$470M	$556M	$539M	$692M	$1.07B	$868M	$932M
Enterprise Value	$901M	$1.02B	$1.75B	$2.00B	$2.03B	$762M	$874M	$1.18B	$1.79B	$1.87B	$1.16B	$1.18B
P/E	-5.4	-7.3	-15.9	-13.3	-24.7	-4.2	-3.5	33.6	11.5	99.5	127.2	6.3
P/S	0.3	0.2	0.5	0.5	0.7	0.2	0.2	0.2	0.2	0.3	0.3	0.3
P/B	0.9	0.7	1.8	2.0	2.0	0.7	0.7	0.6	0.7	1.2	1.1	1.2
P / Tangible Book	0.9	0.7	1.8	2.1	2.1	0.7	·	·	·	·	·	·
P / Cash Flow	6.2	-20.5	26.6	25.9	438.8	4.7	-58.3	13.8	-4.3	12.9	84.9	4.2
P / FCF	9.3	-4.9	-29.0	-12.7	-10.2	-40.2	-6.5	-103.2	-3.4	43.1	-16.3	5.8
EV / EBITDA	28.9	23.6	47.8	-319.8	17.3	-17.1	-12.4	5.4	12.0	10.6	9.1	3.4
EV / FCF	12.2	-8.1	-33.8	-14.0	-11.1	-65.2	-10.3	-225.7	-8.7	75.5	-21.8	7.3
EV / Revenue	0.4	0.4	0.5	0.5	0.7	0.4	0.4	0.4	0.5	0.5	0.4	0.4
Dividend Yield	0.11%	0.84%	1.5%	1.2%	0.50%	2.1%	5.7%	7.7%	5.7%	3.5%	2.3%	0.96%
Earnings Yield	-18.4%	-13.6%	-6.3%	-7.5%	-4.1%	-23.8%	-28.4%	3.0%	8.7%	1.0%	0.79%	16.0%
Payout Ratio	-0.59%	-6.3%	-24.3%	-17.7%	-14.0%	-8.9%	-19.0%	259.1%	64.5%	349.6%	280.2%	5.6%
Annual Payout	$721.0K	$5M	$23M	$23M	$9M	$10M	$32M	$41M	$39M	$37M	$20M	$9M

Income Statement 16

Metric	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	$446M	$446M	$429M	$508M	$553M	$602M	$584M	$659M	$619M	$597M	$712M	$893M	$858M	$833M	$914M	$955M
Gross Profit	$113M	$88M	$40M	$52M	$42M	$3M	$6M	$78M	$38M	$8M	$74M	$75M	$15M	$691.0K	$15M	$-2M
SG&A Expense	$22M	$20M	$23M	$29M	$28M	$43M	$26M	$27M	$34M	$32M	$33M	$35M	$33M	$32M	$29M	$29M
Operating Expenses	$378M	$401M	$439M	$475M	$581M	$664M	$625M	$603M	$637M	$642M	$696M	$872M	$900M	$889M	$937M	$1.02B
Operating Income	$68M	$45M	$-10M	$34M	$-28M	$-62M	$-41M	$56M	$-18M	$-45M	$16M	$21M	$-42M	$-57M	$-23M	$-62M
Interest Expense	·	·	·	·	·	·	·	·	·	$8M	·	$10M	$10M	$10M	·	$10M
Interest Income	$1M	$3M	$1M	$1M	$634.0K	$1M	$2M	$2M	$1M	$3M	$3M	$2M	$3M	$3M	$3M	$2M
Other Non-op	$516.0K	$152.0K	$146.0K	$-3M	$-39.0K	$-2M	$424.0K	$478.0K	$345.0K	$449.0K	$915.0K	$4M	$-161.0K	$189.0K	$-782.0K	$-182.0K
Pretax Income	$62M	$36M	$-15M	$-15M	$-42M	$-72M	$-46M	$48M	$-23M	$-50M	$12M	$18M	$-50M	$-63M	$-28M	$-70M
Income Tax	$-5M	$3M	$-29M	$-26M	$2M	$106.0K	$7M	$-825.0K	$-273.0K	$329.0K	$-264.0K	$-8M	$-1M	$3M	$5M	$-2M
Net Income	$67M	$33M	$12M	$12M	$-72M	$-73M	$-55M	$48M	$-24M	$-51M	$7M	$22M	$-53M	$-70M	$-39M	$-74M
EPS (Basic)	$0.97	$0.48	$0.26	$0.17	$-1.09	$-1.14	$-0.85	$0.75	$-0.38	$-0.81	$0.12	$0.38	$-0.89	$-1.20	$-0.73	$-1.27
EPS (Diluted)	$0.83	$0.42	$0.26	$0.17	$-1.09	$-1.14	$-0.79	$0.69	$-0.38	$-0.81	$0.15	$0.35	$-0.89	$-1.20	$-0.59	$-1.27
Shares (Basic)	69,112,000	68,841,000	·	69,855,000	66,491,000	64,069,000	·	63,946,000	63,933,000	63,341,000	·	58,910,000	58,874,000	58,549,000	·	57,677,000
Shares (Diluted)	84,494,000	84,135,000	·	77,869,000	66,491,000	64,069,000	·	71,660,000	63,933,000	63,341,000	·	67,402,000	58,874,000	58,549,000	·	57,677,000
EBITDA	$68M	$68M	·	$34M	$-28M	$-40M	·	$56M	$-18M	$-23M	·	$21M	$-42M	$-31M	·	$-62M

Balance Sheet 28

Metric	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	$185M	$96M	$182M	$136M	$109M	$99M	$173M	$227M	$196M	$237M	·	$327M	$313M	$354M	·	$421M
Short-term Investments	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$25M
Receivables	$80M	$86M	$74M	$85M	$78M	$97M	$95M	$75M	$99M	$88M	·	$143M	$132M	$107M	·	$118M
Prepaid Expense	$17M	$18M	$18M	$16M	$17M	$22M	$27M	$16M	$21M	$24M	·	$23M	$21M	$23M	·	$14M
Current Assets	$625M	$542M	$482M	$447M	$436M	$450M	$569M	$561M	$552M	$588M	·	$758M	$816M	$831M	·	$936M
PP&E (Net)	$918M	$929M	$957M	$958M	$1.07B	$1.05B	$1.04B	$1.03B	$1.02B	$1.02B	·	$1.01B	$1.02B	$1.03B	·	$1.02B
PP&E (Gross)	·	·	$1.64B	·	·	·	$1.79B	·	·	·	·	·	·	·	·	·
Accum. Depreciation	$704M	$684M	·	$656M	$790M	$772M	·	$731M	$721M	$705M	·	$670M	$673M	$652M	·	$612M
Intangibles	·	·	$10M	·	·	·	$13M	·	·	·	·	·	·	·	·	·
Other Non-current Assets	$50M	$51M	$41M	$42M	$46M	$99M	$99M	$102M	$119M	$114M	·	$103M	$97M	$91M	·	$86M
Total Assets	$1.66B	$1.59B	$1.58B	$1.53B	$1.61B	$1.67B	$1.78B	$1.76B	$1.76B	$1.80B	·	$1.95B	$2.02B	$2.03B	·	$2.10B
Accounts Payable	$95M	$89M	$135M	$90M	$99M	$102M	$155M	$108M	$109M	$124M	·	$138M	$105M	$129M	·	$123M
Accrued Liabilities	$43M	$68M	$67M	$59M	$44M	$49M	$54M	$50M	$52M	$50M	·	$57M	$50M	$47M	·	$46M
Short-term Debt	$27M	$34M	$34M	$45M	$80M	$137M	$141M	$123M	$125M	$130M	·	$160M	$247M	$213M	·	$206M
Current Liabilities	$314M	$318M	$269M	$266M	$297M	$326M	$386M	$316M	$328M	$336M	·	$402M	$514M	$479M	·	$421M
Capital Leases	$41M	$44M	$44M	$40M	$42M	$44M	$49M	$49M	$52M	$54M	·	$59M	$64M	$64M	·	$49M
Other Non-current Liabilities	$33M	$32M	$28M	$28M	$25M	$57M	$22M	$24M	$18M	$18M	·	$23M	$25M	$23M	·	$24M
Total Liabilities	$787M	$796M	$806M	$758M	$872M	$859M	$908M	$821M	$883M	$899M	·	$977M	$1.10B	$1.06B	·	$988M
Long-term Debt	$457M	$458M	$374M	$308M	$428M	$434M	$435M	$433M	$486M	$492M	·	$494M	$495M	$497M	·	$497M
Total Debt	$484M	$492M	·	$353M	$508M	$572M	·	$556M	$610M	$622M	·	$654M	$743M	$710M	·	$703M
Common Stock	$76.0K	$76.0K	$76.0K	$75.0K	$68.0K	$68.0K	$68.0K	$67.0K	$67.0K	$67.0K	·	$62.0K	$62.0K	$62.0K	·	$62.0K
Paid-in Capital	$1.27B	$1.27B	$1.27B	$1.26B	$1.24B	$1.22B	$1.21B	$1.22B	$1.21B	$1.21B	·	$1.11B	$1.11B	$1.10B	·	$1.11B
Retained Earnings	$-339M	$-407M	$-440M	$-452M	$-463M	$-391M	$-318M	$-263M	$-312M	$-287M	·	$-243M	$-265M	$-213M	·	$-104M
Treasury Stock	$61M	$61M	$61M	$31M	$31M	$31M	$31M	$31M	$31M	$31M	·	$31M	$31M	$31M	·	$31M
AOCI	$2M	$-14M	$-618.0K	$-13M	$-7M	$-1M	$973.0K	$4M	$-3M	$-4M	·	$-8M	$-33M	$-38M	·	$-11M
Stockholders' Equity	$870M	$785M	$766M	$769M	$735M	$798M	$865M	$926M	$867M	$887M	·	$828M	$778M	$823M	·	$962M
Liabilities + Equity	$1.66B	$1.59B	$1.58B	$1.53B	$1.61B	$1.67B	$1.78B	$1.76B	$1.76B	$1.80B	·	$1.95B	$2.02B	$2.03B	·	$2.10B
Shares Outstanding	70,098,280	70,035,240	69,828,077	71,929,102	65,588,229	65,394,973	64,707,223	64,652,419	64,655,686	64,616,872	62,327,000	59,513,207	59,528,268	59,512,800	62,101,000	59,282,868

Cash Flow 16

Metric	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	$23M	$24M	$24M	$25M	$28M	$22M	$21M	$26M	$22M	$21M	$24M	$24M	$25M	$25M	$27M	$25M
Stock-based Comp	$2M	$2M	$3M	$3M	$2M	$9M	$-2M	$4M	$4M	$3M	$4M	$3M	$4M	$3M	$2M	$2M
Deferred Tax	$-5M	$3M	$-32M	$-23M	$2M	$713.0K	$6M	$-2M	$-344.0K	$233.0K	$-1M	$-8M	$-1M	$3M	$5M	$-2M
Other Non-cash	·	$-101M	·	·	·	$-14M	·	·	·	$-24M	·	·	·	$-78M	·	·
Operating Cash Flow	$86M	$-40M	$67M	$40M	$59M	$-55M	$-27M	$63M	$-15M	$-51M	$112M	$113M	$-51M	$-117M	$104M	$72M
CapEx	$11M	$6M	$5M	$4M	$11M	$17M	$27M	$28M	$18M	$22M	$30M	$29M	$16M	$33M	$29M	$55M
Investing Cash Flow	$-11M	$-4M	$-9M	$203M	$-12M	$-21M	$-27M	$21M	$-25M	$-30M	$-38M	$-11M	$-22M	$-35M	$-15M	$-55M
Debt Issued	·	·	·	·	·	·	·	·	·	·	$0	$0	$0	$0	$0	$0
Net Debt Issued	·	·	·	·	·	·	·	·	·	·	·	·	·	$0	·	·
Stock Issued	·	·	·	·	·	·	·	·	·	·	·	·	·	·	·	$0
Dividends Paid	·	·	·	·	·	·	$5M	$0	$0	$0	$5M	$6M	$6M	$5M	$6M	$5M
Financing Cash Flow	$-16M	$-3M	$-40M	$-184M	$-21M	$-7M	$12M	$-57M	$-12M	$-21M	$-61M	$-95M	$25M	$60M	$-76M	$-109M
Net Change in Cash	$60M	$-47M	$19M	$59M	$26M	$-83M	$-43M	$27M	$-52M	$-101M	$13M	$6M	$-49M	$-92M	$13M	$-92M
Taxes Paid	$144.0K	$-4M	$286.0K	$985.0K	$468.0K	$29.0K	$-145.0K	$98.0K	$542.0K	$-9.0K	$455.0K	$66.0K	$910.0K	$-189.0K	$202.0K	$76.0K
Free Cash Flow	·	$-46M	·	·	·	$-72M	·	·	·	$-72M	·	·	·	$-150M	·	·
Levered FCF	·	·	·	·	·	·	·	·	·	$-80M	·	·	·	$-160M	·	·

Profitability 8

Metric	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	25.3%	19.7%	·	10.3%	7.5%	0.51%	·	11.9%	6.1%	1.4%	·	9.1%	2.6%	0.95%	·	-0.20%
Operating Margin	15.2%	10.0%	·	6.7%	-5.1%	-10.3%	·	8.5%	-2.9%	-7.5%	·	2.4%	-5.0%	-6.8%	·	-6.5%
Net Margin	15.0%	7.4%	·	2.4%	-13.1%	-12.1%	·	7.3%	-3.9%	-8.6%	·	2.5%	-6.1%	-8.4%	·	-7.7%
Pretax Margin	13.8%	8.2%	·	-3.0%	-7.5%	-11.9%	·	7.3%	-3.8%	-8.3%	·	2.1%	-5.8%	-7.5%	·	-7.3%
EBITDA Margin	15.2%	15.3%	·	6.7%	-5.1%	-6.6%	·	8.5%	-2.9%	-3.9%	·	2.4%	-5.0%	-3.7%	·	-6.5%
ROA	4.1%	2.0%	·	0.72%	-4.3%	-4.2%	·	2.6%	-1.3%	-2.7%	·	1.1%	-2.4%	-3.3%	·	-3.5%
ROE	8.4%	4.2%	·	1.4%	-9.0%	-8.6%	·	5.5%	-3.0%	-6.0%	·	2.5%	-6.2%	-8.2%	·	-7.6%
ROIC	5.5%	3.2%	·	-2.0%	-2.4%	-4.5%	·	3.9%	-1.2%	-3.0%	·	2.0%	-2.7%	-3.9%	·	-3.6%

Liquidity & Solvency 5

Metric	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	2.0	1.7	·	1.7	1.5	1.4	·	1.8	1.7	1.7	·	1.9	1.6	1.7	·	2.2
Quick Ratio	0.8	0.6	·	0.8	0.6	0.6	·	1.0	0.9	1.0	·	1.2	0.9	1.0	·	1.3
Debt / Equity	0.6	0.6	·	0.5	0.7	0.7	·	0.6	0.7	0.7	·	0.8	1.0	0.9	·	0.7
LT Debt / Equity	0.4	0.5	·	0.4	0.6	0.5	·	0.5	0.6	0.6	·	0.6	0.6	0.6	·	0.5
Interest Coverage	·	·	·	·	·	·	·	·	·	-5.8	·	2.2	-4.4	-5.8	·	-6.5

Efficiency 2

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		0.3	0.3	·	0.3	0.3	0.3	·	0.4	0.3	0.3	·	0.4	0.4	0.4	·	0.5
Receivables Turnover		5.6	4.9	·	6.4	6.2	6.5	·	6.1	5.3	6.2	·	6.8	5.9	6.7	·	9.2

Per Share 5

Metric	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	$12.41	$11.21	·	$10.69	$11.21	$12.20	·	$14.32	$13.42	$13.73	·	$13.92	$13.07	$13.83	·	$16.23
Revenue / Share	$5.28	$5.30	·	$6.53	$8.31	$9.39	·	$9.19	$9.68	$9.43	·	$13.25	$14.57	$14.23	·	$16.56
Cash Flow / Share	·	$-0.47	·	·	·	$-0.86	·	·	·	$-0.80	·	·	·	$-2.00	·	·
Cash / Share	$2.64	$1.37	·	$1.89	$1.66	$1.51	·	$3.52	$3.02	$3.67	·	$5.49	$5.26	$5.95	·	$7.10
EPS (TTM)	$1.68	$-0.24	·	$-2.85	$-2.33	$-1.62	·	$-0.35	$-0.69	$-1.20	·	$-2.33	$-3.95	$-2.33	·	$-1.84

Valuation (TTM) 14

Metric	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	$1.83B	$1.94B	·	$2.25B	$2.40B	$2.46B	·	$2.59B	$2.82B	$3.06B	·	$3.50B	$3.56B	$3.71B	·	$3.55B
Net Income TTM	$124M	$-15M	·	$-188M	$-152M	$-104M	·	$-20M	$-46M	$-74M	·	$-139M	$-235M	$-136M	·	$-98M
Market Cap	$1.08B	$1.15B	·	$632M	$395M	$317M	·	$875M	$1.03B	$1.49B	·	$1.79B	$1.92B	$1.84B	·	$1.72B
Enterprise Value	$1.38B	$1.55B	·	$850M	$795M	$790M	·	$1.20B	$1.44B	$1.88B	·	$2.12B	$2.35B	$2.20B	·	$1.98B
P/E	9.2	-68.5	·	-3.1	-2.6	-3.0	·	-38.7	-23.0	-19.3	·	-12.9	-8.2	-13.3	·	-15.8
P/S	0.6	0.6	·	0.3	0.2	0.1	·	0.3	0.4	0.5	·	0.5	0.5	0.5	·	0.5
P/B	1.2	1.5	·	0.8	0.5	0.4	·	0.9	1.2	1.7	·	2.2	2.5	2.2	·	1.8
P / Tangible Book	1.2	1.5	·	0.8	0.5	0.4	·	0.9	1.2	1.7	·	2.2	2.5	2.2	·	1.8
P / Cash Flow	·	-29.2	·	·	·	-5.8	·	·	·	-29.5	·	·	·	-15.8	·	·
EV / Revenue	0.8	0.8	·	0.4	0.3	0.3	·	0.5	0.5	0.6	·	0.6	0.7	0.6	·	0.6
Dividend Yield	0.48%	0.45%	·	0.82%	1.3%	1.6%	·	0.60%	1.1%	1.2%	·	1.3%	1.2%	1.2%	·	1.2%
Earnings Yield	10.9%	-1.5%	·	-32.4%	-38.6%	-33.4%	·	-2.6%	-4.3%	-5.2%	·	-7.7%	-12.2%	-7.5%	·	-6.3%
Payout Ratio	·	·	·	·	·	·	·	·	·	0.00%	·	·	·	-7.5%	·	·
Annual Payout	$5M	$5M	·	$5M	$5M	$5M	·	$5M	$11M	$17M	·	$24M	$23M	$23M	·	$22M

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	$2.09B	$2.46B	$3.30B	$3.66B	$2.83B
Gross Margin %	6.6%	5.3%	5.8%	3.8%	·
Operating Margin %	-3.2%	-1.9%	-1.9%	-2.7%	0.90%
Net Income	$-121M	$-82M	$-93M	$-127M	$-66M
Diluted EPS	$-1.80	$-1.29	$-1.59	$-2.29	$-1.41

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Debt / Equity	0.5	0.7	0.7	0.7	0.8
Current Ratio	1.8	1.5	1.9	1.9	2.4
Quick Ratio	1.0	0.7	1.2	1.1	1.4

Metric	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Free Cash Flow	$74M	$-125M	$-52M	$-143M	$-183M

Institutional owners (13F) 252 filers · $1.3B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 252

Value held $1.3B

New positions 48

Exited positions 23

Institutional activity — Q2 2026 vs prior quarter

New positions	Exited positions	Increased	Decreased	Net shares change
48 (+5 vs prior Q)	23 (-15 vs prior Q)	72 (-1 vs prior Q)	82 (+19 vs prior Q)	+5.7M

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.	$156,703,289	10,188,770	12.03%	Shares
GOLDMAN SACHS GROUP INC	$61,880,492	4,023,439	4.75%	Shares
Grantham, Mayo, Van Otterloo & Co. LLC	$59,966,112	3,898,967	4.60%	Shares
STATE STREET CORP	$57,649,992	3,748,374	4.43%	Shares
VANGUARD GROUP INC	$46,024,729	4,696,401	3.53%	Shares
VANGUARD CAPITAL MANAGEMENT LLC	$45,932,693	2,986,521	3.53%	Shares
Ancora Advisors LLC	$41,948,812	2,727,491	3.22%	Shares
TWO SIGMA INVESTMENTS, LP	$39,282,473	2,554,127	3.02%	Shares
BNP PARIBAS FINANCIAL MARKETS	$34,979,441	2,274,346	2.69%	Shares
GEODE CAPITAL MANAGEMENT, LLC	$31,939,418	2,076,211	2.45%	Shares
VANGUARD PORTFOLIO MANAGEMENT LLC	$31,210,603	2,029,298	2.40%	Shares
DIMENSIONAL FUND ADVISORS LP	$28,218,032	1,834,796	2.17%	Shares
Perpetual Ltd	$28,195,877	1,833,282	2.17%	Shares
Nuveen, LLC	$26,924,691	1,750,630	2.07%	Shares
D. E. Shaw & Co., Inc.	$25,607,546	1,664,990	1.97%	Shares
JACOBS LEVY EQUITY MANAGEMENT, INC	$24,335,251	1,582,266	1.87%	Shares
MILLENNIUM MANAGEMENT LLC	$24,219,686	1,574,752	1.86%	Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	$23,714,637	1,541,914	1.82%	Shares
MORGAN STANLEY	$22,015,083	1,431,409	1.69%	Shares
Thomist Capital Management, LP	$19,542,013	1,270,612	1.50%	Shares
Qube Research & Technologies Ltd	$16,582,301	1,078,173	1.27%	Shares
AMERIPRISE FINANCIAL INC	$15,996,323	1,040,073	1.23%	Shares
Sourcerock Group LLC	$15,708,871	1,021,383	1.21%	Shares
Kailix Advisors LLC	$15,149,300	985,000	1.16%	Shares
BANK OF AMERICA CORP /DE/	$14,546,389	945,799	1.12%	Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$14,258,798	927,100	1.09%	Call option
JPMORGAN CHASE & CO	$13,774,674	903,850	1.06%	Shares
UBS Group AG	$12,505,800	813,121	0.96%	Shares
JUPITER ASSET MANAGEMENT LTD	$11,986,172	779,335	0.92%	Shares
BARCLAYS PLC	$11,334,076	736,936	0.87%	Shares
Walleye Trading LLC	$10,735,240	698,000	0.82%	Call option
WELLS FARGO & COMPANY/MN	$10,504,171	682,976	0.81%	Shares
NORTHERN TRUST CORP	$10,472,056	680,888	0.80%	Shares
Walleye Capital LLC	$10,356,123	673,350	0.80%	Shares
FMR LLC	$9,789,909	636,535	0.75%	Shares
LMR Partners LLP	$9,583,278	623,100	0.74%	Put option
TWO SIGMA ADVISERS, LP	$9,500,120	969,400	0.73%	Shares
TUDOR INVESTMENT CORP ET AL	$9,137,566	594,120	0.70%	Shares
RENAISSANCE TECHNOLOGIES LLC	$8,689,346	564,977	0.67%	Shares
Invesco Ltd.	$8,346,526	542,687	0.64%	Shares
Balyasny Asset Management L.P.	$7,307,576	475,135	0.56%	Shares
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	$7,228,615	470,001	0.56%	Shares
VANGUARD FIDUCIARY TRUST CO	$7,101,653	461,746	0.55%	Shares
Russell Investments Group, Ltd.	$6,874,061	446,947	0.53%	Shares
Jump Financial, LLC	$6,839,486	444,700	0.53%	Shares
AQR CAPITAL MANAGEMENT LLC	$6,050,031	393,370	0.46%	Shares
SG Capital Management LLC	$5,302,193	344,746	0.41%	Shares
NORGES BANK	$5,212,282	338,900	0.40%	Shares
OSSIAM	$4,970,816	323,200	0.38%	Shares
Hillsdale Investment Management Inc.	$4,947,361	321,675	0.38%	Shares

Show all 252 institutional owners →

Activists & 5%+ owners 19 positions

18

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
Ancora Alternatives LLC, Ancora Merlin, LP, ANCORA MERLIN INSTITUTIONAL, LP, Ancora Catalyst, LP, Ancora Catalyst Institutional, LP, Ancora Bellator Fund, LP, Ancora Impact Fund LP - Series Q, Ancora Impact Fund LP - Series S, Ancora Impact Fund SPC Ltd. - Segregated Portfolio H, ANCORA FAMILY WEALTH ADVISORS, LLC, Inverness Holdings LLC, Ancora Holdings Group, LLC, DiSanto Fredrick D. ×4 filings	Sept. 11, 2025	4.70%	Amendment	·	SEC
Ancora Merlin, LP, Ancora Merlin Institutional, LP, Ancora Catalyst, LP, Ancora Catalyst Institutional, LP, Ancora Bellator Fund LP, Ancora Impact Fund LP Series Q, Ancora Impact Fund LP Series S, Ancora Impact Fund SPC Ltd Segregated Portfolio H, Ancora Alternatives LLC, Ancora Holdings Group, LLC, Frederick DiSanto ×5 filings	Feb. 7, 2024	·	Initial filing	·	SEC
Green Plains Inc., GPLP Holdings Inc. ×4 filings	Jan. 10, 2024	·	Initial filing	M&A / sale	SEC
	Sept. 18, 2023	·	Initial filing	·	SEC
Undisclosed reporting person, Undisclosed reporting person	Nov. 16, 2018	·	Initial filing	M&A / sale	SEC
Undisclosed reporting person	March 23, 2015	·	Initial filing	·	SEC
Wilon Holdings S.A., Alain Treuer ×4 filings	Jan. 9, 2015	·	Initial filing	·	SEC
Undisclosed reporting person	Aug. 16, 2013	·	Initial filing	·	SEC
Undisclosed reporting person	June 19, 2013	·	Initial filing	·	SEC
NTR plc (2), Greenstar North America Holdings, Inc. (2), Greenstar Investments LLC (2)	March 23, 2012	·	Initial filing	·	SEC
Undisclosed reporting person	March 19, 2012	·	Initial filing	·	SEC
Undisclosed reporting person	Sept. 21, 2011	·	Initial filing	·	SEC
NTR plc No IRS Identification Number ×2 filings	Sept. 21, 2011	·	Initial filing	·	SEC
Undisclosed reporting person	March 23, 2010	·	Initial filing	·	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	March 19, 2010	·	Initial filing	·	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	Feb. 17, 2010	·	Initial filing	·	SEC
Undisclosed reporting person, Undisclosed reporting person	Nov. 4, 2008	·	Initial filing	·	SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person	Oct. 27, 2008	·	Initial filing	M&A / sale	SEC
Undisclosed reporting person	Oct. 27, 2008	·	Initial filing	M&A / sale	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 57 insiders · 7 officers · 16 directors

19

Insider	Role	Last activity	Shares owned	Buys 12m	Net 12m
Chris Osowski	President and CEO	Aug. 19, 2026 F	226,401	0	$0
Trent Lee Collins	SVP Operations	Aug. 19, 2026 F	44,496	0	$0
Imre Havasi	SVP Trading and Commercial Ops	May 15, 2026 F	71,000	0	$0
Thomas F Pauldine	EVP Human Resources	March 7, 2012 F	23,715	0	$0
Ron B. Gillis	Exe VP - Finance & Treasurer	Nov. 3, 2011 F	27,533	0	$0
Dan E Christensen	EXEC VICE PRESIDENT	Feb. 26, 2008 P	106,276	0	$0
Barry A Ellsworth	Exec VP	July 13, 2007 A	221,937	0	$0
Steven J Furcich	Director	June 5, 2026 A	45,355	0	$0
Kimberly Wagner	Director	June 5, 2026 A	61,131	0	$0
Carl J. Grassi	Director	June 5, 2026 A	45,355	0	$0
Farha Aslam	Director	June 5, 2026 A	54,190	0	$0
James D Anderson	Director	June 5, 2026 A	132,150	0	$0
Martin Salinas	Director	June 5, 2026 A	69,020	0	$0
Brian Peterson	Director	June 5, 2026 A	80,339	0	$0
Patrick Francis Sweeney	Director	June 5, 2025 A	51,738	1	$101,298
Herschel Collier Patton II	Director	Nov. 8, 2007 A	58,688	0	$0
Roy Stephen Nicholson	Director	June 25, 2007 A	77,000	0	$0
David Allen Hart	Director	June 25, 2007 A	19,800	0	$0
Robert Dale Vavra	Director	June 25, 2007 A	18,800	0	$0
Michael Amie Warren	Director	May 31, 2007 P	2,000	0	$0
Tourbillon Capital Partners, L.P.	10% owner	Dec. 31, 2014 S	30,529	0	$0
Greenstar North America Holdings, Inc.	10% owner	May 25, 2010 J	11,227,653	0	$0
NTR US Biosystems Holdings Ltd	10% owner	May 25, 2010 J	0	0	$0
James F Herbert II	·	March 13, 2026 F	86,696	0	$0
Ryan P Loneman	·	Feb. 27, 2026 A	34,882	0	$0
Ann Reis	·	Feb. 27, 2026 A	41,558	0	$0
Michelle Mapes	·	Jan. 7, 2026 A	67,241	0	$0
Philip B Boggs	·	Jan. 5, 2026 A	80,892	0	$0
Patrich G Simpkins Jr	·	Aug. 27, 2025 A	280,227	0	$0
Ejnar A Knudsen III	·	May 9, 2025 F	44,977	0	$0
Alain Treuer	·	May 9, 2025 F	46,089	0	$0
Todd A Becker	·	March 7, 2025 A	845,071	0	$0
Grant D Kadavy	·	Feb. 6, 2025 D	5,174	0	$0
Leslie Van Der Meulen	·	Feb. 6, 2025 D	26,013	0	$0
James E Stark	·	Nov. 15, 2024 F	25,269	0	$0
Wayne Hoovestol	·	May 5, 2023 F	177,978	0	$0
Paul E Kolomaya	·	March 17, 2023 F	78,936	0	$0
Negil Mcpherson Jr.	·	March 14, 2022 A	7,202	0	$0
James F Crowley	·	May 26, 2021 S	21,286	0	$0
Thomas L Manuel	·	May 8, 2021 F	43,616	0	$0
Gordon Fredrick Glade	·	May 8, 2021 F	81,332	0	$0
EDWARDS S EUGENE	·	May 8, 2021 F	61,531	0	$0
Walter S Cronin	·	March 19, 2021 A	83,169	0	$0
Mark A Hudak	·	March 19, 2021 A	63,131	0	$0
Anthony R Vojslavek	·	Aug. 29, 2019 F	14,739	0	$0
Michael A Metzler	·	March 21, 2019 S	46,044	0	$0
Joel Jarnagin	·	March 19, 2019 F	26,049	0	$0
John W Neppl	·	March 19, 2019 F	74,570	0	$0
Jeffrey S. Briggs	·	Dec. 20, 2018 S	95,786	0	$0
Kenneth Simril	·	Oct. 3, 2018 F	30,698	0	$0
Stephen Bleyl	·	Dec. 31, 2017 F	86,837	0	$0
Jerry L Peters	·	Sept. 22, 2017 F	66,678	0	$0
Michael Carl Orgas	·	Aug. 14, 2015 F	101,894	0	$0
Jim Barry	·	May 14, 2015 A	26,263	0	$0
Gary R Parker	·	May 10, 2013 A	35,572	0	$0
Edgar E. Seward JR.	·	April 30, 2012 D	38,885	0	$0
Wilon Holdings S.A.	·	Oct. 31, 2008 X	2,070,716	0	$0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 35 ETFs

20

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
PXI · Invesco Exchange-Traded Fund Trust	1.05%	44,961 SH	Oct. 1, 2026	Daily
ICLN · iShares Trust	0.99%	1,380,174 SH	Sept. 11, 2026	Daily
PBD · Invesco Exchange-Traded Fund Trust …	0.96%	73,411 SH	Oct. 1, 2026	Daily
GUSH · Direxion Shares ETF Trust	0.71%	104,506 NS	July 31, 2026	N-PORT
CCNR · Financial Investors Trust	0.34%	86,027 NS	July 31, 2026	N-PORT
IWC · iShares Trust	0.25%	236,262 SH	Sept. 11, 2026	Daily
JPSE · J.P. Morgan Exchange-Traded Fund Tr…	0.17%	59,278 NS	July 31, 2026	N-PORT
IEO · iShares Trust	0.16%	77,754 SH	Sept. 11, 2026	Daily
VFMO · VANGUARD WELLINGTON FUND	0.12%	159,076 SH	Aug. 19, 2026	Daily
PRFZ · Invesco Exchange-Traded Fund Trust	0.12%	213,811 SH	Oct. 1, 2026	Daily
VDE · VANGUARD WORLD FUND	0.09%	618,486 SH	Aug. 19, 2026	Daily
NUSC · Nushares ETF Trust	0.08%	63,860 NS	July 31, 2026	N-PORT
VTWV · VANGUARD SCOTTSDALE FUNDS	0.07%	60,504 SH	Aug. 19, 2026	Daily
ESML · iShares Trust	0.05%	91,323 SH	Sept. 11, 2026	Daily
DFSV · Dimensional ETF Trust	0.04%	189,820 NS	July 31, 2026	N-PORT
RSSL · Global X Funds	0.04%	33,152 NS	July 31, 2026	N-PORT
ISCG · iShares Trust	0.04%	22,007 SH	Sept. 11, 2026	Daily
IWM · iShares Trust	0.04%	1,778,079 SH	Sept. 11, 2026	Daily
VTWO · VANGUARD SCOTTSDALE FUNDS	0.03%	399,784 SH	Aug. 19, 2026	Daily
DFAS · Dimensional ETF Trust	0.02%	205,545 NS	July 31, 2026	N-PORT
FENY · FIDELITY COVINGTON TRUST	0.01%	14,979 NS	July 31, 2026	N-PORT
DXUV · Dimensional ETF Trust	0.01%	3,285 NS	July 31, 2026	N-PORT
VXF · VANGUARD INDEX FUNDS	0.01%	802,691 SH	Aug. 19, 2026	Daily
WSML · iShares Trust	0.01%	3,513 SH	Sept. 11, 2026	Daily
DFAC · Dimensional ETF Trust	0.01%	191,747 NS	July 31, 2026	N-PORT
OMFS · Invesco Exchange-Traded Self-Indexe…	0.01%	1,057 SH	Oct. 1, 2026	Daily
DCOR · Dimensional ETF Trust	0.00%	8,617 NS	July 31, 2026	N-PORT
DFAU · Dimensional ETF Trust	0.00%	15,322 NS	July 31, 2026	N-PORT
DFUS · Dimensional ETF Trust	0.00%	22,633 NS	July 31, 2026	N-PORT
IWV · iShares Trust	0.00%	20,896 SH	Sept. 8, 2026	Daily
ITOT · iShares Trust	0.00%	87,946 SH	Sept. 11, 2026	Daily
VTI · VANGUARD INDEX FUNDS	0.00%	2,114,601 SH	Aug. 19, 2026	Daily
VTHR · VANGUARD SCOTTSDALE FUNDS	0.00%	5,853 SH	Aug. 19, 2026	Daily
IWN · iShares Trust	·	650,763 SH	Sept. 11, 2026	Daily
ISCB · iShares Trust	·	3,028 SH	Sept. 11, 2026	Daily

GPRE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21

rating · 13 analysts BUY

Median target $20.00 +31.3%

5 38.5% Strong Buy

3 23.1% Buy

5 38.5% Hold

0 0.0% Sell

0 0.0% Strong Sell

12-Month Price Target

6 analysts · 2026-10-03

Mean target $19.00 +24.8%

← Below all targets Current price $15.23

Low$17.00 Mean$19.00 High$20.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

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
GPRE	$684M	-5.4	-14.9%	-5.8%	-14.9%	6.6%
PARR	·	4.9	-6.4%	5.0%	27.8%	·
SUNC	·	-492.8	11.1%	-0.02%	·	·
WKC	$1.27B	-2.1	-12.4%	-1.7%	-37.8%	2.6%
CLMT	$1.72B	-50.9	-1.2%	-0.82%	3.9%	5.9%
REX	$1.11B	13.5	1.2%	14.6%	16.2%	14.4%
CLNE	$461M	-2.1	2.2%	-52.3%	-34.9%	·
GEVO	$485M	-14.3	849.3%	-21.1%	-7.2%	·
OPAL	·	15.7	16.3%	10.4%	-45.1%	·
FF	$140M	-2.8	-60.7%	-51.6%	-29.7%	-41.2%

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

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GPRE Green Plains, Inc. - Common Stock

GPRE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

GPRE Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

About Green Plains, Inc. - Common Stock Company overview from Wikipedia

10-Year Performance Revenue, net income, margins and EPS trends

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Financial Health Debt, liquidity, solvency — balance sheet strength

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Institutional owners (13F) 252 filers · $1.3B total · As of Sept. 30, 2026

Activists & 5%+ owners 19 positions

Company insiders 57 insiders · 7 officers · 16 directors

ETF ownership Held by 35 ETFs

GPRE Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

12-Month Price Target

Peer comparison (GICS sub-industry) Key metrics vs sector peers

My Metrics Your personal watchlist — selected rows from Full Fundamentals