HPK HighPeak Energy, Inc. - Common Stock
$8.03
Price · Aug 19, 2026
Fundamentals as of Aug 10, 2026
52W Range
$4–$9
79% of range
Analyst Rating
BUY
5 analysts
Price Target
$8
P/E (TTM)
57.4
ROE
1.2%
Net Profit Margin
2.2%
HPK Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$8.03
Market Cap
$1.01B
P/E (TTM)
57.4
EPS (TTM)
$0.14
Revenue (TTM)
$863M
Div Yield
2.1%
ROE
1.2%
Debt/Equity
0.7
52W Range
$4 – $9
HPK 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
$863M
2019-12-31
→
2025-12-31
EPS
$0.14
2021-12-31
→
2025-12-31
Free Cash Flow
—
Margins
2.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
HPK
Peer Median
P/E (TTM)
57.4
18.9
P/S (TTM)
1.2
2.2
P/B
0.6
2.1
EV / EBITDA
3.6
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
HPK
Peer Median
Operating Margin
17.4%
—
Net Profit Margin
2.2%
11.1%
ROA
0.60%
0.31%
ROE
1.2%
3.0%
ROIC
3.9%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
HPK
Peer Median
Debt / Equity
0.7
0.0
Current Ratio
1.1
0.9
Quick Ratio
0.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
HPK
Peer Median
Revenue YoY
-22.7%
—
Revenue CAGR 3Y
4.5%
—
EPS YoY
-79.1%
—
Net Income YoY
-80.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
HPK
Peer Median
Payout Ratio
110.3%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
2.1%
Payout Ratio
110.3%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Dec. 1, 2025 | $0.0400 |
| Sept. 2, 2025 | $0.0400 |
| June 2, 2025 | $0.0400 |
| March 3, 2025 | $0.0400 |
| Dec. 2, 2024 | $0.0400 |
| Sept. 3, 2024 | $0.0400 |
| June 3, 2024 | $0.0400 |
| Feb. 29, 2024 | $0.0400 |
| Oct. 31, 2023 | $0.0250 |
| Aug. 7, 2023 | $0.0250 |
| April 28, 2023 | $0.0250 |
| Jan. 31, 2023 | $0.0250 |
| Oct. 31, 2022 | $0.0250 |
| July 29, 2022 | $0.0250 |
| April 29, 2022 | $0.0250 |
| Jan. 31, 2022 | $0.0250 |
| Oct. 14, 2021 | $0.0250 |
| July 14, 2021 | $0.1000 |
HPK Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
5 analysts
- Strong Buy 1 20.0%
- Buy 3 60.0%
- Hold 1 20.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
2 analysts · 2026-08-17
Median
$7.88
Now
$8.03
Low
$5.75
High
$10.00
Median target
$7.88
-1.9%
Mean target
$7.88
-1.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.23%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.03 | $-0.07 | 0.04% |
| March 31, 2026 | $-1.02 | $0.04 | -1.1% |
| Dec. 31, 2025 | $-0.21 | $-0.07 | -0.14% |
| Sept. 30, 2025 | $-0.15 | $0.21 | -0.36% |
| June 30, 2025 | $0.19 | $0.08 | 0.11% |
| March 31, 2025 | $0.26 | $0.26 | 0.00% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| HPK | $594M | 33.9 | -22.7% | 2.2% | 1.2% | — |
| KOS | — | -0.6 | -23.1% | -54.3% | -90.5% | — |
| PBT | — | — | — | — | — | — |
| DMLP | — | — | -5.4% | 37.5% | — | — |
| GRNT | — | 26.1 | 18.5% | 5.4% | 3.9% | — |
| SBR | — | — | — | — | — | — |
| INR | — | 16.6 | 37.6% | 3.9% | 8.7% | — |
| SOC | $1.31B | -2.2 | — | — | -83.7% | — |
| TXO | — | -24.8 | 41.8% | -5.4% | — | — |
| COP | — | 14.7 | 7.7% | 13.6% | 12.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $863M | $1.12B | $1.13B | $756M | $220M | · | $8M | |
| SG&A Expense | $25M | $20M | $17M | $12M | $9M | · | $9M | |
| Operating Expenses | $711M | $776M | $696M | $333M | $118M | · | $20M | |
| Operating Income | $150M | $337M | $426M | $423M | $102M | · | $-12M | |
| Interest Expense | $147M | $169M | $148M | $51M | $2M | · | · | |
| Interest Income | $4M | $9M | $3M | $266.0K | $1.0K | · | · | |
| Pretax Income | $26M | $131M | $282M | $312M | $72M | · | $-12M | |
| Income Tax | $7M | $36M | $66M | $75M | $17M | · | · | |
| Net Income | $19M | $95M | $216M | $237M | $56M | · | $-12M | |
| EPS (Basic) | $0.13 | $0.69 | $1.64 | $2.04 | $0.55 | · | · | |
| EPS (Diluted) | $0.14 | $0.67 | $1.58 | $1.93 | $0.54 | · | · | |
| Shares (Basic) | 125,265,000 | 125,281,000 | 117,956,000 | 104,738,000 | 93,127,000 | · | · | |
| Shares (Diluted) | 125,330,000 | 129,205,000 | 123,020,000 | 111,164,000 | 94,772,000 | · | · | |
| EBITDA | $572M | $838M | $851M | $600M | $167M | · | · |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $162M | $87M | $195M | $31M | $35M | $20M | $23M | |
| Receivables | $56M | $85M | $95M | $97M | $39M | $8M | $3M | |
| Inventory | $8M | $11M | $7M | $13M | $3M | $121.0K | $184.0K | |
| Prepaid Expense | $5M | $5M | $995.0K | $4M | $7M | $2M | $25.0K | |
| Current Assets | $260M | $195M | $329M | $145M | $87M | $33M | $92M | |
| PP&E (Net) | $3M | $3M | $4M | $4M | $2M | $1M | $1M | |
| Accum. Depreciation | $1M | $1M | $904.0K | $696.0K | $438.0K | $237.0K | $46.0K | |
| Other Non-current Assets | $16M | $19M | $6M | $6M | $5M | $907.0K | · | |
| Total Assets | $3.21B | $3.06B | $3.08B | $2.28B | $819M | $538M | $498M | |
| Accounts Payable | $230M | $285M | $287M | $266M | $103M | $22M | $31M | |
| Accrued Liabilities | · | · | · | · | $32M | $12M | $20M | |
| Current Liabilities | $230M | $285M | $287M | $266M | $103M | $22M | $31M | |
| Capital Leases | $142.0K | $670.0K | $0 | $0 | · | · | · | |
| Deferred Tax | $240M | $232M | $197M | $131M | $56M | $39M | · | |
| Other Non-current Liabilities | · | · | · | $0 | $831.0K | $78.0K | · | |
| Long-term Debt | $1.19B | $1.05B | $1.15B | $704M | $98M | $0 | · | |
| Total Debt | $1.19B | $1.05B | $1.15B | $704M | $98M | · | · | |
| Common Stock | $13.0K | $13.0K | $13.0K | $11.0K | $10.0K | $9.0K | · | |
| Paid-in Capital | $1.16B | $1.17B | $1.19B | $1.01B | $617M | $581M | · | |
| Retained Earnings | $433M | $436M | $363M | $161M | $-64M | $-107M | $-6M | |
| Stockholders' Equity | $1.59B | $1.60B | $1.55B | $1.17B | $553M | $474M | · | |
| Liabilities + Equity | $3.21B | $3.06B | $3.08B | $2.28B | $819M | $538M | $498M | |
| Shares Outstanding | 125,330,104 | 126,067,436 | 128,420,923 | 113,165,027 | 96,774,185 | 91,967,565 | · |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $422M | $501M | $424M | $178M | $65M | · | $4M | |
| Stock-based Comp | $619.0K | $13M | $26M | $33M | $7M | · | · | |
| Deferred Tax | $7M | $35M | $66M | $75M | $17M | · | · | |
| Other Non-cash | $63M | $47M | $24M | $-19M | $3M | · | · | |
| Operating Cash Flow | $512M | $690M | $756M | $504M | $147M | · | $-772.0K | |
| Investing Cash Flow | $-515M | $-621M | $-1.13B | $-1.18B | $-250M | · | $-51M | |
| Debt Issued | · | · | · | · | $120M | · | · | |
| Net Debt Issued | · | · | · | · | $120M | · | · | |
| Stock Issued | · | · | · | $0 | $25M | · | · | |
| Stock Repurchased | $0 | $35M | $0 | $0 | · | · | · | |
| Net Stock Activity | $0 | $-35M | · | $0 | $25M | · | · | |
| Dividends Paid | $21M | $20M | $12M | $10M | $12M | · | · | |
| Financing Cash Flow | $79M | $-177M | $534M | $674M | $119M | · | $74M | |
| Net Change in Cash | $75M | $-108M | $164M | $-4M | $15M | · | $22M | |
| Taxes Paid | $498.0K | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 17.4% | 31.6% | 38.4% | 55.9% | 46.3% | · | · | |
| Net Margin | 2.2% | 8.9% | 19.4% | 31.3% | 25.2% | · | · | |
| Pretax Margin | 3.0% | 12.2% | 25.4% | 41.3% | 32.9% | · | · | |
| EBITDA Margin | 66.2% | 78.4% | 76.6% | 79.4% | 75.9% | · | · | |
| ROA | 0.60% | 3.1% | 8.1% | 15.3% | 8.2% | · | · | |
| ROE | 1.2% | 5.9% | 14.3% | 20.9% | 10.7% | · | · | |
| ROIC | 3.9% | 9.2% | 12.1% | 17.1% | 12.0% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 0.7 | 1.1 | 0.5 | 0.8 | 1.5 | · | |
| Quick Ratio | 0.9 | 0.6 | 1.0 | 0.5 | 0.7 | 1.2 | · | |
| Debt / Equity | 0.7 | 0.7 | 0.7 | 0.6 | 0.2 | · | · | |
| LT Debt / Equity | 0.7 | 0.6 | 0.7 | 0.6 | 0.2 | · | · | |
| Interest Coverage | 1.0 | 2.0 | 2.9 | 8.3 | 41.0 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | 0.4 | 0.5 | 0.3 | · | · | |
| Receivables Turnover | 12.3 | 11.9 | 11.6 | 11.1 | 9.3 | · | · |
Growth Rates 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -22.7% | -1.2% | 49.7% | 243.3% | · | · | · | |
| Revenue CAGR 3Y | 4.5% | 71.9% | · | · | · | · | · | |
| EPS YoY | -79.1% | -57.6% | -18.1% | 257.4% | · | · | · | |
| EPS CAGR 3Y | -58.3% | 7.5% | · | · | · | · | · | |
| Net Income YoY | -80.0% | -56.0% | -8.9% | 326.3% | · | · | · | |
| Net Income CAGR 3Y | -56.9% | 19.6% | · | · | · | · | · |
Valuation (TTM) 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $863M | $1.12B | $1.13B | $756M | $220M | · | · | |
| Net Income TTM | $19M | $95M | $216M | $237M | $56M | $-86M | · | |
| Market Cap | $594M | $1.85B | $1.83B | $2.59B | $1.42B | $1.47B | · | |
| Enterprise Value | $1.62B | $2.81B | $2.78B | $3.26B | $1.48B | · | · | |
| P/E | 33.9 | 21.9 | 9.0 | 11.8 | 27.1 | · | · | |
| P/S | 0.7 | 1.7 | 1.6 | 3.4 | 6.4 | · | · | |
| P/B | 0.4 | 1.2 | 1.2 | 2.2 | 2.6 | 3.1 | · | |
| P / Tangible Book | 0.4 | 1.2 | 1.2 | 2.2 | 2.6 | 3.1 | · | |
| P / Cash Flow | 1.2 | 2.7 | 2.4 | 5.1 | 9.6 | · | · | |
| EV / EBITDA | 2.8 | 3.4 | 3.3 | 5.4 | 8.9 | · | · | |
| EV / Revenue | 1.9 | 2.5 | 2.5 | 4.3 | 6.7 | · | · | |
| Dividend Yield | 3.5% | 1.1% | 0.65% | 0.40% | 0.82% | · | · | |
| Earnings Yield | 2.9% | 4.6% | 11.1% | 8.4% | 3.7% | · | · | |
| Payout Ratio | 110.3% | 21.1% | 5.5% | 4.4% | 20.9% | · | · | |
| Annual Payout | $21M | $20M | $12M | $10M | $12M | · | · |
Income Statement 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $272M | $216M | $217M | $189M | $216M | $272M | $283M | $272M | $275M | $288M | $321M | $346M | $241M | $224M | $258M | $204M | |
| SG&A Expense | $7M | $6M | $4M | $9M | $6M | $6M | $6M | $5M | $5M | $5M | $5M | $7M | $3M | $3M | $7M | $2M | |
| Operating Expenses | $189M | $180M | $233M | $156M | $171M | $182M | $208M | $197M | $186M | $185M | $214M | $199M | $148M | $135M | $131M | $86M | |
| Operating Income | $80M | $36M | $-16M | $33M | $43M | $90M | $74M | $73M | $87M | $103M | $107M | $146M | $85M | $89M | $127M | $118M | |
| Interest Expense | $36M | $35M | $37M | $37M | $36M | $37M | $40M | $43M | $43M | $44M | $45M | $37M | $39M | $27M | $21M | $15M | |
| Interest Income | $1M | $949.0K | $2M | $1M | $361.0K | $810.0K | $2M | $2M | $2M | $2M | $2M | $730.0K | $163.0K | $30.0K | $13.0K | $1.0K | |
| Pretax Income | $99M | $-155M | $-32M | $-22M | $34M | $46M | $13M | $65M | $44M | $9M | $123M | $53M | $41M | $65M | $88M | $140M | |
| Income Tax | $16M | $-28M | $-7M | $-4M | $8M | $10M | $4M | $15M | $14M | $2M | $28M | $14M | $10M | $15M | $20M | $32M | |
| Net Income | $82M | $-127M | $-25M | $-18M | $26M | $36M | $9M | $50M | $30M | $6M | $95M | $39M | $32M | $50M | $68M | $108M | |
| EPS (Basic) | $0.60 | $-1.02 | $-0.17 | $-0.15 | $0.19 | $0.26 | $0.07 | $0.36 | $0.21 | $0.05 | $0.69 | $0.28 | $0.26 | $0.41 | $0.62 | $0.90 | |
| EPS (Diluted) | $0.59 | $-1.02 | $-0.16 | $-0.15 | $0.19 | $0.26 | $0.06 | $0.35 | $0.21 | $0.05 | $0.66 | $0.28 | $0.25 | $0.39 | $0.61 | $0.85 | |
| Shares (Basic) | 125,286,000 | 125,265,000 | -247,385,000 | 124,807,000 | 123,930,000 | 123,913,000 | -250,744,000 | 124,988,000 | 125,341,000 | 125,696,000 | -227,485,000 | 123,159,000 | 111,227,000 | 111,055,000 | -202,962,000 | 108,681,000 | |
| Shares (Diluted) | 126,409,000 | 125,265,000 | -252,785,000 | 124,807,000 | 126,095,000 | 127,213,000 | -258,778,000 | 129,094,000 | 129,248,000 | 129,641,000 | -237,729,000 | 127,006,000 | 115,978,000 | 117,765,000 | -211,023,000 | 115,118,000 | |
| EBITDA | $194M | $149M | · | $133M | $145M | $200M | · | $210M | $215M | $234M | · | $264M | $178M | $170M | · | $161M |
Balance Sheet 23
| 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 | $146M | $96M | $162M | $165M | $22M | $52M | $87M | $136M | $158M | $173M | · | $152M | $30M | $48M | · | $34M | |
| Receivables | $83M | $99M | $56M | $55M | $71M | $78M | $85M | $76M | $88M | $109M | · | $126M | $101M | $81M | · | $83M | |
| Inventory | $4M | $4M | $8M | $10M | $7M | $9M | $11M | $8M | $8M | $11M | · | $15M | $9M | $16M | · | $8M | |
| Prepaid Expense | $3M | $6M | $5M | $5M | $5M | $8M | $5M | $4M | $3M | $3M | · | $3M | $3M | $1M | · | $6M | |
| Current Assets | $264M | $212M | $260M | $251M | $122M | $153M | $195M | $249M | $259M | $299M | · | $298M | $144M | $145M | · | $149M | |
| PP&E (Net) | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $4M | · | $4M | $4M | $4M | · | $4M | |
| Accum. Depreciation | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $995.00B | $935.00B | · | $847.00B | $794.0K | $745.0K | · | $649.0K | |
| Other Non-current Assets | $15M | $15M | $16M | $17M | $19M | $19M | $19M | $15M | $7M | $5M | · | $7M | $7M | $7M | · | $7M | |
| Total Assets | $3.17B | $3.13B | $3.21B | $3.20B | $3.09B | $3.09B | $3.06B | $3.06B | $3.06B | $3.05B | · | $2.99B | $2.79B | $2.58B | · | $2.04B | |
| Accounts Payable | $306M | $317M | $230M | $153M | $141M | $299M | $285M | $260M | $279M | $288M | · | $295M | $1.10B | $561M | · | $260M | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $101M | |
| Current Liabilities | $305M | $317M | $230M | $153M | $141M | $299M | $285M | $260M | $279M | $288M | · | $295M | $1.14B | $561M | · | $260M | |
| Capital Leases | $75.0K | $96.0K | $142.0K | $327.0K | $522.0K | $581.0K | $670.0K | $126.0K | $165.0K | · | · | $136.0K | $269.0K | $400.0K | · | · | |
| Deferred Tax | $228M | $212M | $240M | $246M | $250M | $242M | $232M | $228M | $213M | $199M | · | $169M | $155M | $146M | · | $111M | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Long-term Debt | $1.19B | $1.19B | $1.19B | $1.19B | $1.03B | $1.02B | $1.05B | $1.07B | $1.10B | $1.12B | · | $1.15B | $973M | $861M | · | $562M | |
| Total Debt | $1.19B | $1.19B | · | $1.19B | $1.03B | $1.02B | · | $1.07B | $1.10B | $1.12B | · | $1.15B | $973M | $861M | · | $562M | |
| Common Stock | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | · | $13.0K | $11.0K | $11.0K | · | $11.0K | |
| Paid-in Capital | $1.16B | $1.16B | $1.16B | $1.16B | $1.17B | $1.17B | $1.17B | $1.17B | $1.18B | $1.18B | · | $1.18B | $1.02B | $1.01B | · | $1.00B | |
| Retained Earnings | $387M | $305M | $433M | $463M | $487M | $467M | $436M | $432M | $388M | $364M | · | $272M | $237M | $208M | · | $96M | |
| Stockholders' Equity | $1.55B | $1.47B | $1.59B | $1.63B | $1.65B | $1.63B | $1.60B | $1.61B | $1.57B | $1.55B | $1.55B | $1.46B | $1.26B | $1.22B | $1.17B | $1.10B | |
| Liabilities + Equity | $3.17B | $3.13B | $3.21B | $3.20B | $3.09B | $3.09B | $3.06B | $3.06B | $3.06B | $3.05B | · | $2.99B | $2.79B | $2.58B | · | $2.04B | |
| Shares Outstanding | 126,452,804 | 126,358,104 | 125,330,104 | 125,587,093 | 126,132,288 | 126,067,436 | 126,067,436 | 126,625,221 | 127,495,868 | 127,855,383 | · | 128,220,923 | 113,385,923 | 113,177,011 | · | 113,162,827 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $113M | $113M | $111M | $101M | $101M | $109M | $106M | $137M | $128M | $131M | $133M | $117M | $93M | $81M | $83M | $43M | |
| Stock-based Comp | $868.0K | $865.0K | $177.0K | $177.0K | $88.0K | $177.0K | $1M | $4M | $4M | $4M | $4M | $14M | $4M | $4M | $4M | $11M | |
| Deferred Tax | $16M | $-28M | $-7M | $-4M | $8M | $10M | $4M | $15M | $14M | $2M | $28M | $14M | $10M | $15M | $20M | $32M | |
| Other Non-cash | · | $95M | · | · | · | $1M | · | · | · | $29M | · | · | · | $40M | · | · | |
| Operating Cash Flow | $126M | $54M | $93M | $120M | $141M | $157M | $140M | $177M | $202M | $171M | $235M | $158M | $174M | $190M | $201M | $155M | |
| Investing Cash Flow | $-76M | $-114M | $-89M | $-105M | $-165M | $-157M | $-145M | $-151M | $-176M | $-148M | $-189M | $-325M | $-293M | $-320M | $-339M | $-294M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | · | $-748.0K | $0 | · | · | |
| Stock Repurchased | · | · | $0 | $0 | $0 | $0 | $8M | $13M | $6M | $9M | $0 | $0 | $0 | $0 | · | · | |
| Net Stock Activity | · | · | · | · | · | $0 | · | · | · | $-9M | · | · | · | $0 | · | · | |
| Dividends Paid | $0 | $0 | $5M | $6M | $5M | $5M | $5M | $5M | $5M | $5M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Financing Cash Flow | $-37.0K | $-6M | $-7M | $128M | $-5M | $-35M | $-43M | $-48M | $-41M | $-44M | · | $288M | $102M | $147M | $134M | $152M | |
| Net Change in Cash | $51M | $-66M | $-3M | $143M | $-30M | $-35M | $-49M | $-22M | $-15M | $-21M | $43M | $122M | $-17M | $17M | $-4M | $12M | |
| Taxes Paid | $12.0K | $230.0K | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 29.5% | 16.7% | · | 17.3% | 21.7% | 35.1% | · | 27.0% | 31.7% | 35.8% | · | 42.3% | 35.3% | 39.6% | · | 58.0% | |
| Net Margin | 30.2% | -59.0% | · | -9.7% | 13.1% | 14.1% | · | 18.4% | 10.8% | 2.2% | · | 11.2% | 13.2% | 22.5% | · | 52.9% | |
| Pretax Margin | 36.2% | -71.8% | · | -11.6% | 16.9% | 18.0% | · | 24.1% | 16.0% | 3.0% | · | 15.3% | 17.2% | 28.9% | · | 68.3% | |
| EBITDA Margin | 71.1% | 69.0% | · | 70.5% | 72.2% | 77.6% | · | 77.3% | 78.1% | 81.3% | · | 76.3% | 73.9% | 75.8% | · | 78.8% | |
| ROA | 2.6% | -4.1% | · | -0.59% | 0.85% | 1.2% | · | 1.7% | 1.0% | 0.23% | · | 1.5% | 1.4% | 2.7% | · | 7.8% | |
| ROE | 5.1% | -8.2% | · | -1.1% | 1.6% | 2.3% | · | 3.3% | 2.1% | 0.46% | · | 3.0% | 2.9% | 5.2% | · | 13.6% | |
| ROIC | 2.4% | 1.1% | · | 0.97% | 1.2% | 2.7% | · | 2.1% | 2.2% | 2.8% | · | 4.1% | 2.9% | 3.3% | · | 5.5% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.7 | · | 1.6 | 0.9 | 0.5 | · | 1.0 | 0.9 | 1.0 | · | 1.0 | 0.1 | 0.3 | · | 0.6 | |
| Quick Ratio | 0.8 | 0.6 | · | 1.4 | 0.7 | 0.4 | · | 0.8 | 0.9 | 1.0 | · | 0.9 | 0.1 | 0.2 | · | 0.5 | |
| Debt / Equity | 0.8 | 0.8 | · | 0.7 | 0.6 | 0.6 | · | 0.7 | 0.7 | 0.7 | · | 0.8 | 0.8 | 0.7 | · | 0.5 | |
| LT Debt / Equity | 0.7 | 0.7 | · | 0.7 | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | 0.2 | 0.5 | · | 0.5 | |
| Interest Coverage | 2.2 | 1.0 | · | 0.9 | 1.2 | 2.4 | · | 1.7 | 2.0 | 2.4 | · | 3.9 | 2.2 | 3.3 | · | 8.1 |
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 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Receivables Turnover | 3.5 | 2.4 | · | 2.9 | 2.5 | 2.7 | · | 2.7 | 2.9 | 3.0 | · | 3.3 | 2.5 | 3.5 | · | 3.8 |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $894M | $877M | · | $918M | $1.00B | $1.09B | · | $1.18B | $1.15B | $1.10B | · | $1.01B | $870M | $722M | · | $545M | |
| Net Income TTM | $-37M | $-83M | · | $94M | $142M | $122M | · | $125M | $107M | $127M | · | $229M | $268M | $219M | · | $177M | |
| Market Cap | $884M | $872M | · | $888M | $1.24B | $1.60B | · | $1.76B | $1.79B | $2.02B | · | $2.16B | $1.23B | $2.60B | · | $2.45B | |
| Enterprise Value | $1.93B | $1.96B | · | $1.92B | $2.24B | $2.57B | · | $2.70B | $2.73B | $2.97B | · | $3.16B | $2.18B | $3.42B | · | $2.98B | |
| P/E | -17.9 | -9.6 | · | 10.9 | 9.7 | 14.6 | · | 15.6 | 17.8 | 16.3 | · | 9.5 | 5.1 | 13.5 | · | 15.5 | |
| P/S | 1.0 | 1.0 | · | 1.0 | 1.2 | 1.5 | · | 1.5 | 1.6 | 1.8 | · | 2.1 | 1.4 | 3.6 | · | 4.5 | |
| P/B | 0.6 | 0.6 | · | 0.5 | 0.7 | 1.0 | · | 1.1 | 1.1 | 1.3 | · | 1.5 | 1.0 | 2.1 | · | 2.2 | |
| P / Tangible Book | 0.6 | 0.6 | · | 0.5 | 0.7 | 1.0 | · | 1.1 | 1.1 | 1.3 | · | 1.5 | 1.0 | 2.1 | · | 2.2 | |
| P / Cash Flow | · | 16.1 | · | · | · | 10.2 | · | · | · | 11.8 | · | · | · | 13.7 | · | · | |
| EV / EBITDA | 9.9 | 13.2 | · | 14.4 | 15.5 | 12.9 | · | 12.8 | 12.7 | 12.7 | · | 12.0 | 12.2 | 20.1 | · | 18.5 | |
| EV / Revenue | 2.2 | 2.2 | · | 2.1 | 2.2 | 2.4 | · | 2.3 | 2.4 | 2.7 | · | 3.1 | 2.5 | 4.7 | · | 5.5 | |
| Earnings Yield | -5.6% | -10.4% | · | 9.2% | 10.3% | 6.9% | · | 6.4% | 5.6% | 6.2% | · | 10.5% | 19.6% | 7.4% | · | 6.5% | |
| Payout Ratio | · | 0.00% | · | · | · | 13.6% | · | · | · | 78.4% | · | · | · | 5.5% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $863M | $1.12B | $1.13B | $756M | $220M |
| Operating Margin % | 17.4% | 31.6% | 38.4% | 55.9% | 46.3% |
| Net Income | $19M | $95M | $216M | $237M | $56M |
| Diluted EPS | $0.14 | $0.67 | $1.58 | $1.93 | $0.54 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.7 | 0.7 | 0.7 | 0.6 | 0.2 |
| Current Ratio | 1.1 | 0.7 | 1.1 | 0.5 | 0.8 |
| Quick Ratio | 0.9 | 0.6 | 1.0 | 0.5 | 0.7 |
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 161 filers · $300.7M 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 |
|---|---|---|---|---|
| 40 (-9 vs prior Q) | 12 (-11 vs prior Q) | 50 (+7 vs prior Q) | 37 (+11 vs prior Q) | +2.0M |
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 |
|---|---|---|---|---|
| Arax Advisory Partners | $97,161,768 | 13,900,110 | 32.31% | Shares |
| U.S. Capital Wealth Advisors, LLC | $95,807,687 | 13,885,172 | 31.86% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $8,977,593 | 1,284,348 | 2.99% | Shares |
| D. E. Shaw & Co., Inc. | $7,070,029 | 1,011,449 | 2.35% | Shares |
| AMERICAN CENTURY COMPANIES INC | $6,658,807 | 952,619 | 2.21% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $6,092,847 | 871,652 | 2.03% | Shares |
| MILLENNIUM MANAGEMENT LLC | $5,550,312 | 794,036 | 1.85% | Shares |
| Texas Capital Bank Wealth Management Services Inc | $5,425,568 | 776,190 | 1.80% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $5,135,546 | 734,699 | 1.71% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,644,161 | 664,323 | 1.54% | Shares |
| STATE STREET CORP | $4,345,117 | 621,619 | 1.44% | Shares |
| TWO SIGMA INVESTMENTS, LP | $4,243,356 | 607,061 | 1.41% | Shares |
| Point72 Asset Management, L.P. | $4,180,740 | 598,103 | 1.39% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $4,052,739 | 579,791 | 1.35% | Shares |
| PDT Partners, LLC | $3,831,387 | 548,124 | 1.27% | Shares |
| TUDOR INVESTMENT CORP ET AL | $3,267,566 | 467,463 | 1.09% | Shares |
| CITADEL ADVISORS LLC | $2,416,408 | 345,695 | 0.80% | Shares |
| EIGHT 31 FINANCIAL, LLC | $2,341,811 | 335,023 | 0.78% | Shares |
| Trexquant Investment LP | $2,019,774 | 288,952 | 0.67% | Shares |
| Americana Partners, LLC | $1,686,526 | 241,277 | 0.56% | Shares |
| GOLDMAN SACHS GROUP INC | $1,384,188 | 198,024 | 0.46% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,297,917 | 185,682 | 0.43% | Shares |
| Empowered Funds, LLC | $1,284,993 | 183,833 | 0.43% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1,284,993 | 183,833 | 0.43% | Shares |
| ExodusPoint Capital Management, LP | $1,152,462 | 164,873 | 0.38% | Shares |
| JANE STREET GROUP, LLC | $1,103,560 | 157,877 | 0.37% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,103,372 | 157,850 | 0.37% | Shares |
| IEQ CAPITAL, LLC | $996,131 | 142,508 | 0.33% | Shares |
| Bank of New York Mellon Corp | $945,132 | 135,212 | 0.31% | Shares |
| MORGAN STANLEY | $849,565 | 121,540 | 0.28% | Shares |
| Susquehanna Portfolio Strategies, LLC | $707,437 | 101,207 | 0.24% | Shares |
| BlackRock, Inc. | $646,226 | 92,450 | 0.21% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $644,862 | 92,255 | 0.21% | Shares |
| SEI INVESTMENTS CO | $584,406 | 83,606 | 0.19% | Shares |
| Balyasny Asset Management L.P. | $553,559 | 79,193 | 0.18% | Shares |
| Inspire Investing, LLC | $520,198 | 75,391 | 0.17% | Shares |
| Mariner, LLC | $510,561 | 73,051 | 0.17% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $504,657 | 72,197 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $461,886 | 66,940 | 0.15% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $420,476 | 60,154 | 0.14% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $318,562 | 45,574 | 0.11% | Shares |
| MAI Capital Management | $311,223 | 44,524 | 0.10% | Shares |
| Cetera Investment Advisers | $280,404 | 40,115 | 0.09% | Shares |
| Nuveen, LLC | $255,596 | 36,566 | 0.08% | Shares |
| Cornerstone Investment Partners, LLC | $254,408 | 36,396 | 0.08% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $253,096 | 36,105 | 0.08% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $250,571 | 35,847 | 0.08% | Shares |
| Waterloo Capital, L.P. | $239,058 | 34,200 | 0.08% | Call option |
| SIMPLEX TRADING, LLC | $235,996 | 33,762 | 0.08% | Shares |
| Squarepoint Ops LLC | $226,944 | 32,467 | 0.08% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $222,282 | 31,800 | 0.07% | Shares |
| WINTON GROUP Ltd | $215,970 | 30,897 | 0.07% | Shares |
| STIFEL FINANCIAL CORP | $206,205 | 29,500 | 0.07% | Shares |
| JANE STREET GROUP, LLC | $185,934 | 26,600 | 0.06% | Call option |
| RHUMBLINE ADVISERS | $183,872 | 26,306 | 0.06% | Shares |
| INDEPENDENT FINANCIAL GROUP, LLC | $181,740 | 26,000 | 0.06% | Shares |
| Virtus Investment Advisers, LLC | $181,733 | 25,999 | 0.06% | Shares |
| Nebula Research & Development LLC | $179,075 | 18,273 | 0.06% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $175,309 | 25,080 | 0.06% | Shares |
| CWM, LLC | $171,638 | 24,875 | 0.06% | Shares |
| BARCLAYS PLC | $169,152 | 24,199 | 0.06% | Shares |
| DEUTSCHE BANK AG\ | $158,114 | 22,620 | 0.05% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $155,150 | 22,196 | 0.05% | Shares |
| Gotham Asset Management, LLC | $151,396 | 21,659 | 0.05% | Shares |
| AXQ CAPITAL, LP | $150,243 | 21,494 | 0.05% | Shares |
| Vident Advisory, LLC | $146,007 | 20,888 | 0.05% | Shares |
| HSBC HOLDINGS PLC | $143,922 | 20,531 | 0.05% | Shares |
| BANK OF AMERICA CORP /DE/ | $139,926 | 20,018 | 0.05% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $137,703 | 19,700 | 0.05% | Shares |
| Quadrature Capital Ltd | $130,475 | 18,666 | 0.04% | Shares |
| OSAIC HOLDINGS, INC. | $110,442 | 15,800 | 0.04% | Shares |
| CITADEL ADVISORS LLC | $106,248 | 15,200 | 0.04% | Call option |
| MIRABELLA FINANCIAL SERVICES LLP | $103,620 | 14,824 | 0.03% | Shares |
| Legacy Capital Wealth Partners, LLC | $98,384 | 14,075 | 0.03% | Shares |
| Schonfeld Strategic Advisors LLC | $96,174 | 13,759 | 0.03% | Shares |
| nVerses Capital, LLC | $93,239 | 13,339 | 0.03% | Shares |
| Jain Global LLC | $92,226 | 13,194 | 0.03% | Shares |
| Vanguard Personalized Indexing Management, LLC | $90,562 | 12,956 | 0.03% | Shares |
| Cerity Partners LLC | $88,697 | 12,689 | 0.03% | Shares |
| AlphaQuest LLC | $88,619 | 18,696 | 0.03% | Shares |
| CITADEL ADVISORS LLC | $86,676 | 12,400 | 0.03% | Put option |
| BRIGHTON JONES LLC | $85,062 | 12,169 | 0.03% | Shares |
| ABBINGTON INVESTMENT GROUP | $84,620 | 12,106 | 0.03% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $76,980 | 11,013 | 0.03% | Shares |
| Focus Partners Wealth | $76,645 | 10,965 | 0.03% | Shares |
| Russell Investments Group, Ltd. | $76,177 | 10,898 | 0.03% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $73,772 | 10,554 | 0.02% | Shares |
| Sequoia Financial Advisors, LLC | $72,927 | 10,433 | 0.02% | Shares |
| Magnetar Financial LLC | $72,514 | 10,374 | 0.02% | Shares |
| JANE STREET GROUP, LLC | $71,298 | 10,200 | 0.02% | Put option |
| Vanguard Global Advisers, LLC | $70,914 | 10,145 | 0.02% | Shares |
| Kestra Advisory Services, LLC | $70,007 | 10,015 | 0.02% | Shares |
| JPMORGAN CHASE & CO | $65,184 | 9,729 | 0.02% | Shares |
| Invesco Ltd. | $63,232 | 9,046 | 0.02% | Shares |
| Aquatic Capital Management LLC | $62,008 | 8,871 | 0.02% | Shares |
| Merit Financial Group, LLC | $61,848 | 8,848 | 0.02% | Shares |
| FMR LLC | $59,003 | 8,441 | 0.02% | Shares |
| TWO SIGMA ADVISERS, LP | $50,718 | 10,700 | 0.02% | Shares |
| MARSHALL WACE, LLP | $48,413 | 6,926 | 0.02% | Shares |
| VANGUARD GROUP INC | $48,087 | 10,145 | 0.02% | Shares |
Company insiders 1 insider · 0 officers · 0 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| John Paul DeJoria, as trustee of the John Paul DeJoria Family Trust, and in his individual capacity | 10% owner | May 28, 2025 G | 13,868,672 | 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 |
|---|---|---|---|---|---|
| HIGHTOWER JACK | Sept. 17, 2025 | 9.80% | Amendment | Passive investment | SEC |
| HighPeak Energy Partners, LP, HighPeak Energy, LP, HighPeak Energy II, LP, HighPeak Pure Acquisition, LLC, HighPeak Energy Partners GP, LP, HighPeak GP, LLC, HighPeak Energy GP II, LLC, HighPeak Energy Partners II, LP, HighPeak GP II, LLC, HighPeak Energy Partners GP II, LP, HIGHTOWER JACK | Sept. 17, 2025 | 35.30% | Amendment | — | SEC |
| John Paul DeJoria, as trustee of the John Paul DeJoria Family Trust, and in his individual capacity ×4 filings | Sept. 17, 2025 | 12.25% | Amendment | Passive investment | SEC |
| Jack Hightower, HighPeak Energy Partners, LP, HighPeak Energy Partners II, LP, HighPeak Pure Acquisition, LLC ×5 filings | Sept. 4, 2024 | — | Initial filing | — | SEC |
| S Jack Hightower, S HighPeak Energy Partners, LP, S HighPeak Energy Partners II, LP, S HighPeak Pure Acquisition, LLC, S HighPeak Energy III, LP | Aug. 31, 2020 | — | Initial filing | Passive investment | 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 29 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 |
|---|---|---|---|---|
| VRAI · ETFis Series Trust I | 1.08% | 29,194 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.22% | 3,750 NS | April 30, 2026 | N-PORT |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.02% | 806,081 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 31,185 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.00% | 9,843 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 13,552 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.00% | 65,632 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.00% | 1,047 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 114,843 NS | May 31, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.00% | 46 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 819 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 830 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 31,178 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 21 NS | May 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.00% | 7,414 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 6,385 NS | May 31, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.00% | 3,693 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 15,000 NS | May 31, 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 |
| IWN · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| VDE · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| ISCB · iShares Trust | — | — | July 20, 2026 | Daily |
| ISCV · iShares Trust | — | — | July 20, 2026 | Daily |