HNST The Honest Company, Inc. - Common Stock

NASDAQ · Consumer products · View on SEC EDGAR ↗
$5.05
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026

About The Honest Company, Inc. - Common Stock Company overview from Wikipedia

The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offering in May 2021, generating over $100 million in capital. Honest serves the United States, China, Canada, and Europe.

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The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba (listed in company records by her married name, Jessica Warren), Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offering in May 2021, generating over $100 million in capital. Honest serves the United States, China, Canada, and Europe.

History

Company co-founder Jessica Alba was inspired by the 2008 birth of her first child and her own history of childhood illnesses to create a company that provided an alternative to baby products with ingredients such as petrochemicals and synthetic fragrances. The company was launched in 2012 with 17 products.

In 2013, The Honest Company's sales reached $50 million. Honest raised $70 million from venture capitalists in the summer of 2014 in preparation for an initial public offering. The financing put a value on the company of $1 billion. Prior to the 2014 round of financing led by Wellington Management Company, the company had raised $52 million in financing from ICONIQ Capital, General Catalyst Partners, Institutional Venture Partners and Lightspeed Venture Partners.

In 2016, The Honest Company moved its headquarters from Santa Monica to the Playa Vista neighborhood of Los Angeles. The following month, it announced a new round of funding that generated an additional $100 million of venture capital, implying a valuation of $1.7 billion. In late 2015, the company acquired Alt12 Apps, the makers of popular apps such as Baby Bump, Pink Pad, and Kidfolio.

In March 2017, The Honest Company announced that Nick Vlahos would replace Brian Lee as chief executive officer. Vlahos worked on several Clorox brands, including Burt's Bees, Brita and Green Works. Brian Lee would remain on the board in an advisory role.

In October 2017, The Honest Company closed a series E round of funding. After settling two lawsuits in the summer of 2017, the valuation was set at $19.60 per share down from the Series D shares sold in 2015 at $45.75, and market value of less than $1 billion.

In April 2021, The Honest Company officially filed for an initial public offering. The company began trading on the NASDAQ exchange with ticker symbol HNST on May 5, 2021. The IPO raised $412.8 million.

In April 2024, Alba stepped down from her role as Chief Creative Officer, a leadership change that led to the removal of her name and likeness from certain packaging and a short-term market reaction in the company’s shares.

Products and distribution

The Honest Company offers a wide range of consumer products focused on baby care products, personal care, home cleaning, and beauty. Product lines include diapers and wipes made with sustainably harvested materials, gentle skin and body wash, lotions, shampoos, conditioners, and fragrances, many of which are free from parabens, phthalates, synthetic fragrances, and other ingredients the company excludes via its “No List”. The beauty line features skincare and color cosmetics formulated with naturally-derived ingredients, and in 2021 the company redesigned over 100 SKUs to use post-consumer recycled or "tree-free" packaging.

The Honest Company markets its products as safe and eco-friendly. The company does not use "health-compromising chemicals or compounds", including the "No List" of ingredients that it promises to never allow in its products. Whole Foods and Costco were The Honest Company's initial retail distributors. The company began selling in Target Corporation on June 15, 2014. Other stores that carried the company's products by mid 2014 included Buy Buy Baby and Nordstrom. By the end of the third quarter of 2014, the company carried 90 products. Its leading seller was diapers.

Under Vlahos's leadership as CEO, Honest Company expanded its internal laboratories and R&D team and opened a fulfillment center. In 2022, Honest expanded its retail partnerships to include Walmart, Ulta Beauty, and GNC (company). As part of the Ulta partnership, Honest released its first acne line. In the fall of 2022, the company partnered with SuperOrdinary to launch on the e-commerce platform, Tmall Global in China.

The Honest Standard

The Honest Standard is a product-safety and development protocol that governs ingredient selection, testing, manufacturing, packaging and labelling for product portfolio. Key elements include a publicly documented NO List (more than 3,500 chemicals and materials the company excludes), an ingredient-assessment process, and third-party testing and validation of formulations. Manufacturing partners are required to follow relevant Good Manufacturing Practices. The policy requires clear on-label ingredient disclosure (avoiding generic terms such as “fragrance”) and sets packaging sustainability criteria.

Critical reception

In March 2016, it was reported by The Wall Street Journal that Honest's liquid laundry detergent product contained "a significant amount" of sodium lauryl sulfate or SLS, a synthetic surfactant that the company claimed it would "never consider for use in anything. Period." Honest's detergent is sourced from Earth Friendly Products (EFP) which did not test for SLS. EFP in turn purchased untested chemicals from Trichromatic West which also did not test for SLS. EFP had removed its claims of SLS-free product from its own website in late 2015.

It was reported in April 2016 that The Honest Company was being sued for representing its infant formula as organic, despite the product containing 11 synthetic substances prohibited under federal law in organic products. The Honest Company stated that the infant formula had been FDA-approved and certified USDA Organic in accordance with the National Organic Program. In December 2016, the Los Angeles Superior Court entered judgment for The Honest Company, dismissing the complaint.

Honest Beauty

On September 9, 2015, the company introduced the Honest Beauty brand as a separate entity with its own website and logo. Its products are derived from botanicals free of parabens, phthalates, petrolatum, sulfates and chemical sunscreens. On September 25 of that year, the brand opened a pop-up retail shop in The Grove. The brand began selling the beauty line at Target in spring 2017.

Honest Beauty debuted in Western Europe (Germany, France, Spain, Italy, Poland, the Netherlands, and Austria) in 2019. Honest Beauty was sold exclusively by Douglas stores in Europe.

In 2021, Honest Beauty redesigned its brand packaging, using sustainable and recyclable materials. At the same time, it launched the Daily Defense skincare collection to protect from environmental pollutants. In 2022, Honest Beauty launched a four-step daily skincare routine for sensitive skin.

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

Wikidata ↗

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

Price
$5.04
Market Cap
$574M
P/E (TTM)
-36.3
EPS (TTM)
$-0.14
Revenue (TTM)
$371M
Div Yield
ROE
-8.8%
Debt/Equity
52W Range
$2 – $6

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

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

Revenue & Net Income $371M
7-point trend, +57.6%
2019-12-31 2025-12-31
EPS $-0.14
7-point trend, +84.8%
2019-12-31 2025-12-31
Free Cash Flow $14M
5-point trend, +135.5%
2021-12-31 2025-12-31
Margins -4.2%
5-point trend, -2.7%
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
HNST
Peer Median
P/E (TTM)
5-point trend, +2.0%
-36.3
22.3
P/S (TTM)
5-point trend, -66.3%
1.5
1.9
P/B
5-point trend, -58.5%
3.4
3.1
Price / FCF
5-point trend, +210.8%
42.2

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

Metric
5Y trend
HNST
Peer Median
Gross Margin
5-point trend, -2.7%
33.3%
57.2%
Operating Margin
5-point trend, +57.0%
-5.0%
Net Profit Margin
5-point trend, +65.2%
-4.2%
6.9%
ROA
5-point trend, +55.9%
-6.6%
2.2%
ROE
5-point trend, +59.2%
-8.8%
2.8%
ROIC
5-point trend, +46.5%
-11.0%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
HNST
Peer Median
Current Ratio
5-point trend, -9.7%
4.0
2.0
Quick Ratio
5-point trend, +68.2%
1.8

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

Metric
5Y trend
HNST
Peer Median
Revenue YoY
5-point trend, +16.5%
-1.9%
Revenue CAGR 3Y
5-point trend, +16.5%
5.8%
Revenue CAGR 5Y
5-point trend, +16.5%
4.3%

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

Metric
5Y trend
HNST
Peer Median
EPS (Diluted)
5-point trend, +67.4%
$-0.14

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
HNST
Peer Median

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

BUY 13 analysts
  • Strong Buy 2 15.4%
  • Buy 6 46.2%
  • Hold 4 30.8%
  • Sell 1 7.7%
  • Strong Sell 0 0.0%

12-Month Price Target

6 analysts · 2026-08-17
Median target $5.00 -0.9%
Mean target $5.20 +3.1%

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

Avg Surprise
0.02%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.04 $0.01 0.03%
March 31, 2026 $0.01 $0.01 -0.00%
Dec. 31, 2025 $0.00 $-0.04 0.04%
Sept. 30, 2025 $0.01 $-0.02 0.03%
June 30, 2025 $0.03 $0.00 0.03%
March 31, 2025 $0.03 $0.00 0.03%

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

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
HNST $291M -18.4 -1.9% -4.2% -8.8% 33.3%
BRBR $4.39B 21.6 16.1% 9.3% -72.0% 33.3%
COTY $4.06B -10.6 -3.7% -6.2% -10.0% 64.8%
EPC $946M 38.4 -1.3% 1.1% 1.7% 41.6%
BRBR $4.39B 21.6 16.1% 9.3% -72.0% 33.3%
NATR $378M 20.4 5.7% 4.1% 12.0% 72.4%
NAGE $507M 31.8 29.9% 13.4% 24.7% 64.3%
USNA $355M 33.5 8.3% 1.2% 2.0% 78.3%
NUS 3.0 -14.3% 10.8% 22.0% 69.5%

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

Income Statement 16
Annual Income Statement data for HNST
Metric Trend 2025202420232022202120202019
Revenue 7-point trend, +57.6% $371M $378M $344M $314M $319M $301M $236M
Cost of Revenue 7-point trend, +55.0% $248M $234M $244M $221M $209M $193M $160M
Gross Profit 7-point trend, +63.1% $124M $145M $101M $92M $109M $108M $76M
R&D Expense 7-point trend, +43.0% $7M $7M $6M $7M $8M $6M $5M
SG&A Expense 7-point trend, +13.1% $80M $99M $95M $87M $84M $71M $70M
Operating Expenses 7-point trend, +32.5% $142M $151M $139M $142M $146M $121M $107M
Operating Income 7-point trend, +41.3% $-18M $-6M $-39M $-50M $-37M $-14M $-31M
Other Non-op 7-point trend, +594.4% $3M $282.0K $-254.0K $871.0K $-2M $-837.0K $429.0K
Pretax Income 7-point trend, +50.1% $-15M $-6M $-39M $-49M $-39M $-14M $-31M
Income Tax 7-point trend, +270.9% $204.0K $75.0K $75.0K $110.0K $77.0K $89.0K $55.0K
Net Income 7-point trend, +49.5% $-16M $-6M $-39M $-49M $-39M $-14M $-31M
EPS (Basic) 7-point trend, +84.8% $-0.14 $-0.06 $-0.42 $-0.53 $-0.43 $-0.43 $-0.92
EPS (Diluted) 7-point trend, +84.8% $-0.14 $-0.06 $-0.42 $-0.53 $-0.43 $-0.43 $-0.92
Shares (Basic) 7-point trend, +227.9% 111,209,322 100,245,394 94,516,690 92,201,806 71,126,218 34,075,572 33,916,324
Shares (Diluted) 7-point trend, +227.9% 111,209,322 100,245,394 94,516,690 92,201,806 71,126,218 34,075,572 33,916,324
EBITDA 5-point trend, +52.4% $-16M $-3M $-36M $-47M $-33M · ·
Balance Sheet 25
Annual Balance Sheet data for HNST
Metric Trend 2025202420232022202120202019
Cash & Equivalents 7-point trend, +561.5% $90M $75M $33M $10M $51M $29M $14M
Inventory 6-point trend, -5.4% $73M $85M $73M $116M $76M $77M ·
Prepaid Expense 6-point trend, -23.9% $7M $10M $8M $16M $13M $9M ·
Current Assets 6-point trend, +16.6% $202M $214M $158M $189M $214M $174M ·
PP&E (Net) 2-point trend, -6.6% · · · · $53M $57M ·
PP&E (Gross) 2-point trend, +0.3% · · · · $81M $80M ·
Accum. Depreciation 2-point trend, +16.7% · · · · $28M $24M ·
Goodwill 6-point trend, +1.7% $2M $2M $2M $2M $2M $2M ·
Intangibles 6-point trend, -68.3% $162.0K $235.0K $309.0K $370.0K $440.0K $511.0K ·
Other Non-current Assets 6-point trend, +11.2% $2M $2M $4M $5M $3M $2M ·
Total Assets 6-point trend, -6.4% $225M $247M $202M $241M $273M $241M ·
Accounts Payable 6-point trend, -51.4% $15M $23M $22M $25M $29M $31M ·
Accrued Liabilities 6-point trend, +60.6% $36M $36M $32M $38M $19M $22M ·
Current Liabilities 6-point trend, -6.0% $51M $60M $57M $64M $48M $54M ·
Capital Leases 6-point trend, -87.2% $5M $13M $22M $30M $38M $38M ·
Other Non-current Liabilities 5-point trend, -100.0% · $0 $34.0K $817.0K $7M $9M ·
Total Liabilities 6-point trend, -44.9% $56M $73M $78M $94M $93M $101M ·
Common Stock 6-point trend, +266.7% $11.0K $11.0K $9.0K $9.0K $9.0K $3.0K ·
Paid-in Capital 6-point trend, +477.8% $671M $659M $602M $586M $571M $116M ·
Retained Earnings 6-point trend, -41.9% $-501M $-485M $-479M $-440M $-392M $-353M ·
Treasury Stock $0 · · · · · ·
AOCI 4-point trend, -100.0% · · $0 $-32.0K $-41.0K $94.0K ·
Stockholders' Equity 7-point trend, +173.7% $170M $174M $123M $146M $179M $-237M $-230M
Liabilities + Equity 6-point trend, -6.4% $225M $247M $202M $241M $273M $241M ·
Shares Outstanding 6-point trend, +230.9% 112,809,637 109,159,697 95,868,421 92,907,351 91,512,140 34,089,186 ·
Cash Flow 14
Annual Cash Flow data for HNST
Metric Trend 2025202420232022202120202019
D&A 7-point trend, -62.2% $3M $3M $3M $3M $4M $5M $8M
Stock-based Comp 7-point trend, +25.4% $11M $16M $16M $15M $17M $8M $8M
Deferred Tax Flat — no change across 7 periods $0 $0 $0 $0 $0 $0 $0
Amort. of Intangibles Flat — no change across 7 periods $100.0K $100.0K $100.0K $100.0K $100.0K $100.0K $100.0K
Restructuring 5-point trend, +4159000.00 $4M $0 $2M $0 $0 · ·
Other Non-cash 5-point trend, +185.0% $17M $-11M $40M $-45M $-20M · ·
Operating Cash Flow 7-point trend, +175.6% $15M $2M $19M $-76M $-38M $-12M $-20M
CapEx 7-point trend, +128.4% $2M $530.0K $2M $2M $220.0K $200.0K $661.0K
Investing Cash Flow 7-point trend, -113.7% $-2M $-530.0K $4M $35M $-9M $37M $11M
Dividends Paid 5-point trend, +0.00 · · $0 $0 $35M $0 $0
Financing Cash Flow 7-point trend, +275.4% $535.0K $42M $122.0K $38.0K $60M $-973.0K $-305.0K
Net Change in Cash 7-point trend, +252.3% $14M $43M $23M $-41M $14M $24M $-9M
Taxes Paid 7-point trend, +46.7% $110.0K $89.0K $116.0K $101.0K $76.0K $102.0K $75.0K
Free Cash Flow 5-point trend, +135.5% $14M $1M $18M $-78M $-38M · ·
Profitability 8
Annual Profitability data for HNST
Metric Trend 2025202420232022202120202019
Gross Margin 5-point trend, -2.7% 33.3% 38.2% 29.2% 29.4% 34.3% · ·
Operating Margin 5-point trend, +57.0% -5.0% -1.7% -11.3% -15.9% -11.6% · ·
Net Margin 5-point trend, +65.2% -4.2% -1.6% -11.4% -15.6% -12.1% · ·
Pretax Margin 5-point trend, +65.6% -4.2% -1.6% -11.4% -15.6% -12.1% · ·
EBITDA Margin 5-point trend, +59.2% -4.2% -0.92% -10.5% -15.0% -10.3% · ·
ROA 5-point trend, +55.9% -6.6% -2.7% -17.8% -19.1% -15.1% · ·
ROE 5-point trend, +59.2% -8.8% -4.0% -32.3% -32.5% -21.6% · ·
ROIC 5-point trend, +46.5% -11.0% -3.7% -31.7% -34.1% -20.6% · ·
Liquidity & Solvency 2
Annual Liquidity & Solvency data for HNST
Metric Trend 2025202420232022202120202019
Current Ratio 5-point trend, -9.7% 4.0 3.6 2.8 3.0 4.4 · ·
Quick Ratio 5-point trend, +68.2% 1.8 1.3 0.6 0.1 1.0 · ·
Efficiency 2
Annual Efficiency data for HNST
Metric Trend 2025202420232022202120202019
Asset Turnover 5-point trend, +26.5% 1.6 1.7 1.6 1.2 1.2 · ·
Inventory Turnover 5-point trend, +14.1% 3.1 2.9 2.6 2.3 2.8 · ·
Per Share 6
Annual Per Share data for HNST
Metric Trend 2025202420232022202120202019
Book Value / Share 5-point trend, -23.2% $1.50 $1.60 $1.28 $1.58 $1.96 · ·
Revenue / Share 5-point trend, -25.5% $3.34 $3.77 $3.64 $3.40 $4.48 · ·
Cash Flow / Share 5-point trend, +125.4% $0.14 $0.02 $0.20 $-0.83 $-0.54 · ·
Cash / Share 5-point trend, +43.1% $0.79 $0.69 $0.34 $0.10 $0.56 · ·
Dividend Paid / Share Flat — no change across 2 periods · · · $0 $0 · ·
EPS (TTM) 5-point trend, +67.4% $-0.14 $-0.06 $-0.42 $-0.53 $-0.43 · ·
Growth Rates 3
Annual Growth Rates data for HNST
Metric Trend 2025202420232022202120202019
Revenue YoY 5-point trend, -130.8% -1.9% 9.9% 9.8% -1.6% 6.0% · ·
Revenue CAGR 3Y 3-point trend, +24.8% 5.8% 5.9% 4.6% · · · ·
Revenue CAGR 5Y 4.3% · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for HNST
Metric Trend 2025202420232022202120202019
Revenue TTM 5-point trend, +16.5% $371M $378M $344M $314M $319M · ·
Net Income TTM 5-point trend, +59.4% $-16M $-6M $-39M $-49M $-39M · ·
Market Cap 5-point trend, -60.7% $291M $756M $316M $280M $740M · ·
P/E 5-point trend, +2.0% -18.4 -115.5 -7.9 -5.7 -18.8 · ·
P/S 5-point trend, -66.3% 0.8 2.0 0.9 0.9 2.3 · ·
P/B 5-point trend, -58.5% 1.7 4.3 2.6 1.9 4.1 · ·
P / Tangible Book 5-point trend, -58.5% 1.7 4.4 2.6 1.9 4.2 · ·
P / Cash Flow 5-point trend, +199.2% 19.2 490.9 16.3 -3.7 -19.4 · ·
P / FCF 5-point trend, +210.8% 21.4 748.2 18.1 -3.6 -19.3 · ·
Dividend Yield 3-point trend, -100.0% · · 0.00% 0.00% 4.7% · ·
Earnings Yield 5-point trend, -2.1% -5.4% -0.87% -12.7% -17.6% -5.3% · ·
Payout Ratio 3-point trend, +100.0% · · 0.00% 0.00% -90.5% · ·
Annual Payout 3-point trend, -100.0% · · $0 $0 $35M · ·

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

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $371M$378M$344M$314M$319M
Gross Margin % 33.3%38.2%29.2%29.4%34.3%
Operating Margin % -5.0%-1.7%-11.3%-15.9%-11.6%
Net Income $-16M$-6M$-39M$-49M$-39M
Diluted EPS $-0.14$-0.06$-0.42$-0.53$-0.43
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Current Ratio 4.03.62.83.04.4
Quick Ratio 1.81.30.60.11.0
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $14M$1M$18M$-78M$-38M

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Institutional owners (13F) 163 filers · $145.6M 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
27 (-10 vs prior Q) 25 (+5 vs prior Q) 70 (+22 vs prior Q) 36 (-14 vs prior Q) +6.7M

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
MAK CAPITAL ONE LLC $17,480,482 4,776,088 12.01% Shares
VANGUARD CAPITAL MANAGEMENT LLC $15,434,623 4,217,110 10.60% Shares
ArrowMark Colorado Holdings LLC $10,700,178 2,923,546 7.35% Shares
GEODE CAPITAL MANAGEMENT, LLC $8,113,786 2,216,252 5.57% Shares
STATE STREET CORP $7,647,614 2,089,512 5.25% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $6,391,235 1,746,239 4.39% Shares
Portolan Capital Management, LLC $6,368,934 1,740,146 4.38% Shares
AMERICAN CENTURY COMPANIES INC $6,045,588 1,651,800 4.15% Shares
DIMENSIONAL FUND ADVISORS LP $6,014,423 1,643,285 4.13% Shares
AMERIPRISE FINANCIAL INC $5,896,300 1,611,011 4.05% Shares
AQR CAPITAL MANAGEMENT LLC $5,421,075 1,481,168 3.72% Shares
CITADEL ADVISORS LLC $4,164,000 1,137,705 2.86% Shares
FMR LLC $3,499,260 956,082 2.40% Shares
TUDOR INVESTMENT CORP ET AL $3,424,556 935,671 2.35% Shares
CITIGROUP INC $3,292,331 899,544 2.26% Shares
JANE STREET GROUP, LLC $2,485,982 679,230 1.71% Shares
VANGUARD FIDUCIARY TRUST CO $2,416,694 660,299 1.66% Shares
Knights of Columbus Asset Advisors LLC $1,897,655 518,485 1.30% Shares
GOLDMAN SACHS GROUP INC $1,743,792 476,446 1.20% Shares
VICTORY CAPITAL MANAGEMENT INC $1,710,739 467,415 1.18% Shares
VANGUARD GROUP INC $1,689,369 654,794 1.16% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,363,237 372,469 0.94% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $1,238,178 338,300 0.85% Call option
Focus Partners Wealth $1,192,717 325,879 0.82% Shares
Green Alpha Advisors, LLC $1,091,676 298,272 0.75% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $1,036,691 283,249 0.71% Shares
Echo Wealth Management, LLC $827,522 226,099 0.57% Shares
ExodusPoint Capital Management, LP $714,428 195,199 0.49% Shares
XTX Topco Ltd $677,960 185,235 0.47% Shares
ARMISTICE CAPITAL, LLC $643,794 175,900 0.44% Shares
BANK OF AMERICA CORP /DE/ $633,429 173,068 0.44% Shares
Pathstone Holdings, LLC $618,965 169,397 0.43% Shares
Nebula Research & Development LLC $600,992 118,073 0.41% Shares
Bank of New York Mellon Corp $580,139 158,508 0.40% Shares
Inspire Investing, LLC $513,530 174,670 0.35% Shares
BRIDGEWAY CAPITAL MANAGEMENT, LLC $512,400 140,000 0.35% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $458,232 125,200 0.31% Put option
JANE STREET GROUP, LLC $442,860 121,000 0.30% Call option
RHUMBLINE ADVISERS $439,323 120,036 0.30% Shares
Mariner, LLC $438,701 119,865 0.30% Shares
MORGAN STANLEY $426,105 116,422 0.29% Shares
ALLIANCEBERNSTEIN L.P. $376,320 128,000 0.26% Shares
Numerai GP LLC $371,589 101,527 0.26% Shares
WOLVERINE TRADING, LLC $363,209 97,900 0.25% Call option
MILLENNIUM MANAGEMENT LLC $353,457 96,573 0.24% Shares
Voleon Capital Management LP $297,338 81,240 0.20% Shares
WELLS FARGO & COMPANY/MN $294,762 80,536 0.20% Shares
Quantbot Technologies LP $278,515 76,097 0.19% Shares
CAPTRUST FINANCIAL ADVISORS $264,951 72,391 0.18% Shares
D. E. Shaw & Co., Inc. $241,406 65,958 0.17% Shares
CITADEL ADVISORS LLC $222,894 60,900 0.15% Put option
MetLife Investment Management, LLC $203,792 55,681 0.14% Shares
Root Financial Partners, LLC $201,113 54,949 0.14% Shares
CWM, LLC $190,953 64,950 0.13% Shares
MARSHALL WACE, LLP $188,992 51,637 0.13% Shares
MERCER GLOBAL ADVISORS INC /ADV $170,860 46,683 0.12% Shares
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $169,583 42,290 0.12% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $162,068 44,281 0.11% Shares
Vanguard Global Advisers, LLC $161,713 44,184 0.11% Shares
BNP PARIBAS FINANCIAL MARKETS $160,030 43,724 0.11% Shares
Centiva Capital, LP $159,935 43,698 0.11% Shares
Jasper Ridge Partners, L.P. $159,327 43,532 0.11% Shares
CITADEL ADVISORS LLC $155,550 42,500 0.11% Call option
SEI INVESTMENTS CO $147,604 40,329 0.10% Shares
Nuveen, LLC $147,604 40,329 0.10% Shares
Vise Technologies, Inc. $147,322 40,252 0.10% Shares
JPMORGAN CHASE & CO $145,515 39,867 0.10% Shares
Invesco Ltd. $139,889 38,221 0.10% Shares
CANADA PENSION PLAN INVESTMENT BOARD $139,812 38,200 0.10% Shares
BARCLAYS PLC $134,286 36,690 0.09% Shares
LPL Financial LLC $133,026 36,346 0.09% Shares
TWO SIGMA INVESTMENTS, LP $129,253 35,315 0.09% Shares
Atom Investors LP $125,864 34,389 0.09% Shares
BlackRock, Inc. $117,632 32,140 0.08% Shares
INTECH INVESTMENT MANAGEMENT LLC $106,275 29,037 0.07% Shares
TWO SIGMA ADVISERS, LP $102,684 39,800 0.07% Shares
STRS OHIO $99,918 27,300 0.07% Shares
Wealthfront Advisers LLC $94,527 25,827 0.06% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $93,528 25,554 0.06% Shares
NEW YORK STATE COMMON RETIREMENT FUND $92,232 25,200 0.06% Shares
HARBOUR INVESTMENTS, INC. $90,064 24,608 0.06% Shares
Police & Firemen's Retirement System of New Jersey $88,879 24,284 0.06% Shares
Abel Hall, LLC $77,684 21,225 0.05% Shares
State of Wyoming $75,118 20,524 0.05% Shares
WOLVERINE TRADING, LLC $74,942 20,200 0.05% Put option
Advisory Services Network, LLC $73,200 20,000 0.05% Shares
VOYA INVESTMENT MANAGEMENT LLC $71,494 19,534 0.05% Shares
TWO SIGMA SECURITIES, LLC $67,538 18,453 0.05% Shares
IMC-Chicago, LLC $65,902 18,006 0.05% Shares
BRIGHTON JONES LLC $64,362 17,585 0.04% Shares
nVerses Capital, LLC $63,336 17,305 0.04% Shares
Vanguard Personalized Indexing Management, LLC $63,259 17,284 0.04% Shares
RAYMOND JAMES FINANCIAL INC $63,219 17,273 0.04% Shares
Caitong International Asset Management Co., Ltd $61,254 16,736 0.04% Shares
PRUDENTIAL FINANCIAL INC $58,212 15,905 0.04% Shares
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO $56,423 15,416 0.04% Shares
NORTHERN TRUST CORP $55,204 15,083 0.04% Shares
Ballentine Partners, LLC $52,301 14,290 0.04% Shares
JANE STREET GROUP, LLC $51,606 14,100 0.04% Put option
BOOTHBAY FUND MANAGEMENT, LLC $50,658 13,841 0.03% Shares

Company insiders 20 insiders · 10 officers · 8 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Nikolaos A Vlahos Chief Executive Officer May 26, 2021 A 610,281 0 0 $0
Kelly J. Kennedy EVP and CFO May 26, 2021 A 499,318 0 0 $0
Jessica Warren Chief Creative Officer Feb. 25, 2022 A 654,669 0 0 $0
Donald Frey Chief Innovation Officer May 26, 2021 A 136,265 0 0 $0
Janis Hoyt Chief People Officer May 26, 2021 A 137,430 0 0 $0
Sharareh Parvaneh Chief Information Officer May 26, 2021 A 43,093 0 0 $0
Glenn Klages EVP, Supply Chain May 26, 2021 A 136,265 0 0 $0
Rick Rexing Chief Revenue Officer May 26, 2021 A 140,924 0 0 $0
Brendan Sheehey General Counsel May 26, 2021 A 137,430 0 0 $0
Jasmin Manner Chief Commercial Officer May 26, 2021 A 137,430 0 0 $0
Eric Liaw Director June 2, 2023 J 124,670 0 0 $0
Jeremy Liew Director Dec. 1, 2021 S 0 0 0 $0
SCOTT ARNOLD DAHNKE Director May 7, 2021 C 12,169,803 0 0 $0
Avik Pramanik Director May 4, 2021 A 12,449 0 0 $0
Susan Gentile Director May 4, 2021 A 24,011 0 0 $0
James D White Director May 4, 2021 A 24,011 0 0 $0
Andrea Turner Aug. 11, 2026 S 252,405 0 2 $-338,073
Jonathan Mayle Aug. 10, 2026 S 370,155 0 1 $-412,380
Katie J Bayne May 28, 2025 A 346,262 0 0 $0
David Loretta May 21, 2025 S 883,153 0 0 $0

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

ETF ownership Held by 28 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
GSSC · Goldman Sachs ETF Trust 0.04% 124,675 NS May 31, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.02% 135,201 NS May 31, 2026 N-PORT
RSSL · Global X Funds 0.01% 41,078 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.01% 370,892 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.01% 4,458 NS May 31, 2026 N-PORT
AVUV · AMERICAN CENTURY ETF TRUST 0.01% 509,588 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.01% 5,836 NS April 30, 2026 N-PORT
UWM · ProShares Trust 0.00% 3,485 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.00% 3,523 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.00% 237,027 NS April 30, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.00% 11,392 NS April 30, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.00% 2,955 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.00% 89 NS May 31, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.00% 6,852 NS April 30, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 22,178 NS April 30, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
ITOT · iShares Trust Aug. 4, 2026 Daily
IWV · iShares Trust Aug. 18, 2026 Daily
IWN · iShares Trust Aug. 17, 2026 Daily
IWM · iShares Trust Aug. 18, 2026 Daily
IWC · iShares Trust Aug. 18, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust July 13, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… July 13, 2026 Daily
VDC · VANGUARD WORLD FUND July 20, 2026 Daily