IIIV i3 Verticals, Inc. - Common Stock
$16.14
Price · Aug 18, 2026
Fundamentals as of Aug 7, 2026
52W Range
$16–$34
2% of range
Analyst Rating
BUY
10 analysts
Price Target
$26
+58% upside
P/E (TTM)
45.1
ROE
4.7%
Net Profit Margin
—
IIIV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$16.14
Market Cap
—
P/E (TTM)
45.1
EPS (TTM)
$0.72
Revenue (TTM)
$370M
Div Yield
—
ROE
4.7%
Debt/Equity
0.0
52W Range
$16 – $34
IIIV 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
$370M
2022-09-30
→
2023-09-30
EPS
$0.72
2022-09-30
→
2025-09-30
Free Cash Flow
$4M
2022-09-30
→
2025-09-30
Margins
—
2022-09-30
→
2023-09-30
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
IIIV
Peer Median
P/E (TTM)
45.1
52.9
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
IIIV
Peer Median
ROA
2.6%
-4.5%
ROE
4.7%
-12.8%
ROIC
0.50%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
IIIV
Peer Median
Debt / Equity
0.0
31.1
Current Ratio
1.9
1.6
Quick Ratio
1.8
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
IIIV
Peer Median
Revenue YoY
16.5%
—
Revenue CAGR 3Y
35.1%
—
EPS YoY
-84.8%
—
Net Income YoY
-84.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
IIIV
Peer Median
IIIV Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
10 analysts
- Strong Buy 3 30.0%
- Buy 6 60.0%
- Hold 1 10.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-14
Median
$26.00
← Below all targets
$16.14
Low
$20.00
High
$30.00
Median target
$26.00
+61.1%
Mean target
$25.50
+58.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.25 | $0.26 | -0.01% |
| March 31, 2026 | $0.32 | $0.30 | 0.02% |
| Dec. 31, 2025 | $0.26 | $0.25 | 0.01% |
| Sept. 30, 2025 | $0.27 | $0.25 | 0.02% |
| June 30, 2025 | $0.23 | $0.21 | 0.02% |
| March 31, 2025 | $0.32 | $0.30 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| IIIV | — | 45.1 | 16.5% | — | 4.7% | — |
| ABTC | — | -10.0 | 158.8% | -82.7% | -30.5% | — |
| RMNI | $355M | 9.9 | -1.7% | 8.8% | -132.3% | 60.4% |
| API | — | — | — | — | — | — |
| CRNC | $540M | -29.0 | -24.1% | -7.4% | -12.5% | 72.7% |
| BLND | $778M | -30.4 | 6.8% | -5.5% | 31.0% | 73.8% |
| SLNH | $120M | -0.5 | -21.8% | -179.7% | -260.1% | 6.0% |
| CD | — | — | — | — | — | — |
| GLOO | $0 | -0.8 | 307.7% | -166.0% | 150.0% | — |
| PLTR | $425.03B | 282.1 | 56.2% | 36.3% | 26.2% | 82.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | $370M | $318M | $224M | $150M | $376M | $324M | $263M | |
| Cost of Revenue | · | · | · | · | $0 | $0 | $243M | $215M | $189M | |
| Gross Profit | · | · | $333M | $283M | $195M | $123M | $107M | $83M | $57M | |
| SG&A Expense | $115M | $101M | $106M | $157M | $135M | $78M | $63M | $41M | $27M | |
| Operating Expenses | $209M | $187M | $194M | $211M | $224M | $142M | $370M | $311M | $255M | |
| Operating Income | $4M | $4M | $-4M | $-23M | $-12.0K | $8M | $6M | $12M | $8M | |
| Other Non-op | $9M | $3M | $1M | $-991.0K | $3M | $-3M | $0 | $-17M | $-7M | |
| Pretax Income | $11M | $-22M | $-28M | $-39M | $-7M | $-4M | $386.0K | $-5M | $1M | |
| Income Tax | $5M | $-5M | $-4M | $152.0K | $623.0K | $-3M | $-177.0K | $337.0K | $177.0K | |
| Net Income | $18M | $113M | $-811.0K | $-17M | $-4M | $-419.0K | $-3M | $-7M | $902.0K | |
| EPS (Basic) | $0.75 | $4.84 | $-0.04 | $-0.77 | $-0.21 | $-0.03 | $-0.29 | $0.08 | · | |
| EPS (Diluted) | $0.72 | $4.73 | $-0.07 | $-0.77 | $-0.22 | $-0.03 | $-0.29 | $0.08 | · | |
| Shares (Basic) | 23,911,250 | 23,419,421 | 23,137,586 | 22,249,656 | 20,994,598 | 14,833,378 | 10,490,981 | 8,812,630 | · | |
| Shares (Diluted) | 34,185,684 | 33,879,163 | 33,246,833 | 22,249,656 | 31,714,191 | 27,429,801 | 10,490,981 | 26,873,878 | · | |
| EBITDA | $32M | $36M | $59M | $27M | $24M | $26M | $23M | $24M | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $67M | $87M | $3M | $3M | $4M | $16M | $1M | $572.0K | $955.0K | |
| Receivables | $58M | $51M | $51M | $53M | $38M | $18M | $15M | $12M | $8M | |
| Inventory | $3M | $2M | $2M | $4M | $2M | $1M | $1M | $1M | $930.0K | |
| Prepaid Expense | $12M | $10M | $10M | $19M | $11M | $5M | $4M | $3M | $1M | |
| Other Current Assets | $3M | $2M | $4M | $4M | $3M | $2M | · | · | · | |
| Current Assets | $138M | $153M | $86M | $84M | $58M | $38M | $21M | $17M | $16M | |
| PP&E (Net) | $7M | $8M | $10M | $6M | $6M | $5M | $5M | $3M | $1M | |
| Accum. Depreciation | $6M | $6M | $5M | $5M | $5M | $3M | $2M | $1M | $1M | |
| Goodwill | $248M | $243M | $230M | $215M | $292M | $187M | $168M | $84M | $59M | |
| Intangibles | $136M | $141M | $163M | $196M | $172M | $109M | $107M | $66M | $59M | |
| Other Non-current Assets | $7M | $7M | $12M | $5M | $8M | $5M | $2M | $453.0K | $300.0K | |
| Total Assets | $638M | $731M | $884M | $770M | $652M | $404M | $349M | $175M | $140M | |
| Accounts Payable | $6M | $5M | $6M | $9M | $8M | $4M | $3M | $4M | $2M | |
| Accrued Liabilities | $25M | $88M | $34M | $58M | $51M | $24M | $22M | $12M | $7M | |
| Current Liabilities | $71M | $165M | $93M | $111M | $97M | $39M | $35M | $26M | $20M | |
| Capital Leases | $3M | $5M | $9M | $14M | $12M | · | · | · | · | |
| Deferred Tax | $9M | $11M | $19M | $8M | $3M | $2M | $516.0K | $1M | $0 | |
| Other Non-current Liabilities | $15M | $15M | $23M | $10M | $14M | $6M | $9M | $4M | $2M | |
| Total Liabilities | $121M | $215M | $556M | $463M | $362M | $163M | $207M | $63M | $129M | |
| Long-term Debt | $0 | $26M | $388M | $287M | $201M | $91M | $139M | $37M | $111M | |
| Total Debt | $0 | $26M | $385M | $287M | $201M | $91M | $139M | $37M | · | |
| Paid-in Capital | $271M | $279M | $250M | $242M | $211M | $158M | $82M | $39M | · | |
| Retained Earnings | $118M | $100M | $-13M | $-24M | $-6M | $-2M | $-2M | $736.0K | $-33M | |
| Stockholders' Equity | $390M | $380M | $237M | $218M | $205M | $156M | $80M | $39M | · | |
| Liabilities + Equity | $638M | $731M | $884M | $770M | $652M | $404M | $349M | $175M | $140M | |
| Shares Outstanding | · | · | · | · | · | · | · | · | 1,548,722 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $28M | $26M | $23M | $19M | $24M | $18M | $17M | $12M | $10M | |
| Stock-based Comp | $18M | $26M | $28M | $26M | $21M | $10M | $6M | $2M | $0 | |
| Deferred Tax | $5M | $434.0K | $-6M | $3M | $-287.0K | $-3M | $-586.0K | · | · | |
| Amort. of Intangibles | $11M | $11M | $11M | $10M | $16M | $12M | $12M | $9M | $6M | |
| Other Non-cash | $-63M | $-120M | $-23M | $5M | $6M | $-5M | $7M | $12M | · | |
| Operating Cash Flow | $6M | $48M | $37M | $44M | $45M | $24M | $27M | $18M | $8M | |
| CapEx | $2M | $3M | $4M | $2M | $2M | $3M | $807.0K | $2M | $636.0K | |
| Investing Cash Flow | $76M | $396M | $-122M | $-113M | $-149M | $-35M | $-144M | $-38M | $-48M | |
| Stock Issued | · | $0 | $0 | $18M | $0 | $0 | $112M | $0 | $12M | |
| Stock Repurchased | $38M | $0 | $0 | · | · | · | · | · | · | |
| Net Stock Activity | $-38M | $0 | $0 | $18M | $0 | $83M | $112M | $90M | · | |
| Financing Cash Flow | $-104M | $-367M | $73M | $75M | $102M | $29M | $119M | $19M | $37M | |
| Net Change in Cash | $-22M | $77M | $-11M | · | · | · | · | · | · | |
| Taxes Paid | $35M | $7M | $3M | · | · | · | · | · | · | |
| Free Cash Flow | $4M | $45M | $30M | $44M | $45M | $21M | $26M | $16M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | 90.0% | 88.9% | -1993.4% | 82.2% | 28.4% | 25.7% | · | |
| Operating Margin | · | · | 6.1% | -0.77% | 0.12% | 5.2% | 1.7% | 3.8% | · | |
| Net Margin | · | · | -0.22% | -5.4% | 45.5% | -0.28% | -0.81% | -2.1% | · | |
| Pretax Margin | · | · | -1.0% | -5.7% | 73.6% | -2.5% | 0.10% | -1.4% | · | |
| EBITDA Margin | · | · | 16.0% | 8.5% | -249.1% | 17.3% | 6.1% | 7.5% | · | |
| ROA | 2.6% | 16.7% | -0.09% | -2.2% | -0.69% | -0.11% | -0.88% | -4.0% | · | |
| ROE | 4.7% | 36.8% | -0.36% | -8.1% | -2.5% | -0.36% | -5.1% | -35.1% | · | |
| ROIC | 0.50% | 1.2% | 2.5% | -0.62% | 0.00% | 0.82% | 4.2% | 17.4% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.9 | 0.9 | 0.9 | 0.8 | 0.6 | 1.0 | 0.6 | 0.6 | · | |
| Quick Ratio | 1.8 | 0.9 | 0.7 | 0.5 | 0.4 | 0.9 | 0.5 | 0.5 | · | |
| Debt / Equity | 0.0 | 0.1 | 1.6 | 1.3 | 1.0 | 0.6 | 1.7 | 0.9 | · | |
| LT Debt / Equity | 0.0 | 0.0 | 1.6 | 1.3 | 1.0 | 0.6 | 1.7 | 0.8 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | 0.4 | 0.4 | -0.0 | 0.4 | 1.1 | 1.9 | · | |
| Inventory Turnover | · | · | · | · | 0.0 | 0.0 | · | 230.7 | · | |
| Receivables Turnover | · | · | 6.3 | 6.9 | -0.3 | 9.1 | 27.0 | 30.9 | · |
Growth Rates 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | · | · | 16.5% | 41.8% | 49.3% | · | · | · | · | |
| Revenue CAGR 3Y | · | · | 35.1% | · | · | · | · | · | · | |
| EPS YoY | -84.8% | · | · | · | · | · | · | · | · | |
| Net Income YoY | -84.2% | · | · | · | · | · | · | · | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $213M | $191M | $370M | $318M | $224M | $150M | $376M | $324M | · | |
| Net Income TTM | $18M | $113M | $-811.0K | $-17M | $-4M | $-419.0K | $-3M | $-7M | · | |
| P/E | 45.1 | 4.5 | -302.0 | -26.0 | -110.0 | -841.7 | -69.4 | 287.2 | · | |
| Earnings Yield | 2.2% | 22.2% | -0.33% | -3.8% | -0.91% | -0.12% | -1.4% | 0.35% | · |
Income Statement 14
| Metric | Trend | Q3 2026 | 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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $53M | $58M | $53M | $55M | $52M | $54M | $52M | $51M | $46M | $49M | $45M | $59M | $57M | $59M | $52M | $81M | |
| Gross Profit | · | · | · | · | · | · | · | · | · | $85M | $83M | · | $85M | $85M | $77M | $71M | |
| SG&A Expense | $29M | $29M | $27M | $26M | $33M | $26M | $26M | $20M | $26M | $27M | $27M | $-47M | $45M | $57M | $51M | $48M | |
| Operating Expenses | $54M | $54M | $51M | $43M | $57M | $49M | $50M | $30M | $47M | $55M | $54M | $-36M | $62M | $88M | $80M | $83M | |
| Operating Income | $-892.0K | $4M | $2M | $1M | $-5M | $5M | $2M | $3M | $-1M | $2M | $276.0K | $-11M | $-5M | $313.0K | $-558.0K | $-3M | |
| Other Non-op | $10M | $70.0K | $561.0K | $2M | $5M | $593.0K | $2M | $1M | $0 | $2M | $-107.0K | $929.0K | $92.0K | $0 | $203.0K | $0 | |
| Pretax Income | $7M | $3M | $2M | $5M | $-1M | $5M | $3M | $-4M | $-9M | $-3M | $-5M | $-17M | $-11M | $-755.0K | $551.0K | $-6M | |
| Income Tax | $1M | $478.0K | $704.0K | $2M | $-22.0K | $3M | $409.0K | $-9M | $5M | $-669.0K | $-1M | $-3M | $-292.0K | $-563.0K | $382.0K | $-2M | |
| Net Income | $3M | $1M | $484.0K | $3M | $13M | $-154.0K | $2M | $118M | $-8M | $2M | $1M | $5M | $-5M | $36.0K | $-240.0K | $-4M | |
| EPS (Basic) | $0.18 | $0.07 | $0.02 | $0.14 | $0.53 | $-0.01 | $0.09 | $5.03 | $-0.32 | $0.08 | $0.05 | $0.19 | $-0.22 | $0.00 | $-0.01 | $-0.17 | |
| EPS (Diluted) | $0.18 | $0.07 | $0.02 | $0.12 | $0.50 | $0.00 | $0.08 | $4.93 | $-0.32 | $0.08 | $0.04 | $0.16 | $-0.22 | $0.00 | $-0.01 | $-0.17 | |
| Shares (Basic) | 19,419,792 | 21,798,840 | 23,675,075 | -47,820,161 | 24,345,826 | 23,834,233 | 23,551,352 | -46,599,919 | 23,420,811 | 23,331,239 | 23,267,290 | -46,176,558 | 23,179,638 | 23,135,898 | 22,998,608 | 22,229,787 | |
| Shares (Diluted) | 19,543,611 | 30,582,587 | 25,091,754 | 2,417 | 33,936,121 | -9,975,964 | 34,057,196 | · | · | 23,718,474 | 33,828,461 | -47,200,553 | 23,179,638 | 34,269,140 | 22,998,608 | 22,229,787 | |
| EBITDA | $6M | $11M | $8M | · | $2M | $12M | $10M | · | $6M | $19M | $18M | · | $12M | $14M | $15M | $5M |
Balance Sheet 25
| Metric | Trend | Q3 2026 | 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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $3M | $7M | $38M | $67M | $56M | $8M | $86M | $87M | $10M | $3M | $4M | · | $5M | $4M | $4M | $9M | |
| Receivables | $49M | $55M | $48M | $58M | $49M | $57M | $51M | $51M | $49M | $67M | $68M | · | $61M | $57M | $53M | $44M | |
| Inventory | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $4M | $4M | · | $5M | $5M | $5M | $4M | |
| Prepaid Expense | $12M | $16M | $14M | $12M | $13M | $15M | $15M | $10M | $11M | $16M | $14M | · | $20M | $22M | $23M | $14M | |
| Other Current Assets | · | $3M | $3M | $3M | $3M | $3M | $3M | $2M | $5M | $7M | $5M | · | $1M | $5M | $4M | $4M | |
| Current Assets | $63M | $78M | $100M | $138M | $118M | $80M | $153M | $153M | $308M | $87M | $90M | · | $97M | $90M | $91M | $73M | |
| PP&E (Net) | $7M | $6M | $6M | $7M | $7M | $8M | $8M | $8M | $9M | $11M | $11M | · | $12M | $12M | $12M | $5M | |
| Accum. Depreciation | · | · | · | $6M | · | · | · | $6M | · | · | · | · | · | · | · | · | |
| Goodwill | $282M | $282M | $248M | $248M | $248M | $281M | $281M | $243M | $269M | $411M | $411M | $230M | $409M | $409M | $399M | $354M | |
| Intangibles | $154M | $157M | $133M | $136M | $139M | $156M | $160M | $141M | $154M | $221M | $225M | · | $225M | $230M | $227M | $200M | |
| Other Non-current Assets | $16M | $6M | $8M | $7M | $7M | $7M | $9M | $7M | $3M | $7M | $9M | · | $6M | $6M | $6M | $11M | |
| Total Assets | $627M | $636M | $596M | $638M | $623M | $646M | $726M | $731M | $862M | $866M | $877M | · | $876M | $883M | $869M | $780M | |
| Accounts Payable | $4M | $4M | $4M | $6M | $4M | $4M | $7M | $5M | $6M | $12M | $10M | · | $8M | $8M | $8M | $8M | |
| Accrued Liabilities | $21M | $20M | $21M | $25M | $22M | $23M | $83M | $88M | $23M | $27M | $33M | · | $47M | $55M | $51M | $64M | |
| Current Liabilities | $53M | $59M | $62M | $71M | $58M | $68M | $163M | $165M | $103M | $108M | $181M | · | $97M | $109M | $113M | $106M | |
| Capital Leases | $3M | $3M | $3M | $3M | $3M | $5M | $5M | $5M | $7M | $9M | $9M | · | $11M | $12M | $13M | $15M | |
| Deferred Tax | · | $9M | $8M | $9M | $9M | $10M | $11M | $11M | $16M | $17M | $20M | · | $23M | $23M | $20M | · | |
| Other Non-current Liabilities | $25M | $23M | $15M | $15M | $15M | $15M | $17M | $15M | $17M | $18M | $22M | · | $24M | $24M | $21M | $22M | |
| Total Liabilities | $227M | $198M | $113M | $121M | $112M | $133M | $215M | $215M | $516M | $519M | $540M | · | $563M | $571M | $566M | $490M | |
| Long-term Debt | · | · | · | $0 | $0 | $12M | $26M | $26M | $374M | $370M | $379M | · | $390M | $385M | $377M | $308M | |
| Total Debt | $114M | $81M | · | · | $0 | $12M | $26M | · | $374M | $370M | $379M | · | $390M | $385M | $377M | $308M | |
| Paid-in Capital | $157M | $197M | $240M | $271M | $268M | $283M | $273M | $279M | $267M | $259M | $255M | · | $240M | $234M | $228M | $226M | |
| Retained Earnings | $124M | $120M | $119M | $118M | $115M | $102M | $102M | $100M | $-18M | $-10M | $-12M | · | $-17M | $-12M | $-12M | $-20M | |
| Stockholders' Equity | $281M | $317M | $359M | $390M | $383M | $385M | $375M | $380M | $250M | $249M | $243M | · | $222M | $222M | $216M | $206M | |
| Liabilities + Equity | $627M | $636M | $596M | $638M | $623M | $646M | $726M | $731M | $862M | $866M | $877M | · | $876M | $883M | $869M | $780M |
Cash Flow 13
| Metric | Trend | Q3 2026 | 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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $7M | $8M | $7M | $6M | $7M | $7M | $7M | $5M | $6M | $7M | $7M | $-1M | $7M | $9M | $9M | $8M | |
| Stock-based Comp | $5M | $5M | $5M | $3M | $7M | $4M | $4M | $9M | $5M | $6M | $7M | $7M | $7M | $7M | $7M | $7M | |
| Deferred Tax | $983.0K | $796.0K | $-71.0K | $1M | $2M | $3M | $-715.0K | $-4M | $5M | $-1M | $182.0K | $-8M | $2M | $-563.0K | $355.0K | · | |
| Amort. of Intangibles | $3M | $3M | $3M | $2M | $3M | $3M | $3M | $2M | $3M | $3M | $3M | $-2M | $3M | $5M | $5M | $13M | |
| Other Non-cash | · | · | $2M | · | · | · | $-1M | · | · | · | $-4M | · | · | · | $3M | · | |
| Operating Cash Flow | $14M | $10M | $14M | $14M | $7M | $-27M | $11M | $15M | $8M | $12M | $14M | $11M | $841.0K | $8M | $18M | $5M | |
| CapEx | $1M | $407.0K | $315.0K | $425.0K | $544.0K | $501.0K | $471.0K | $530.0K | $897.0K | $838.0K | $699.0K | $1M | $788.0K | $884.0K | $1M | $428.0K | |
| Investing Cash Flow | $-3M | $-63M | $-2M | $-2M | $82M | $-2M | $-1M | $413M | $-4M | $-5M | $-7M | $-6M | $-4M | $-17M | $-95M | $-10M | |
| Stock Repurchased | $48M | $51M | $38M | $0 | $26M | $308.0K | $11M | $0 | $0 | $0 | $0 | · | · | · | · | · | |
| Net Stock Activity | · | · | $-38M | · | · | · | $-11M | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-15M | $24M | $-40M | $-131.0K | $-44M | $-50M | $-10M | $-352M | $3M | $-11M | $-9M | $-12M | $1M | $7M | $77M | $8M | |
| Net Change in Cash | $-5M | $-29M | $-28M | $12M | $46M | $-79M | $-390.0K | $76M | $6M | $-4M | $-1M | $-8M | $-2M | $-2M | $574.0K | $3M | |
| Free Cash Flow | · | · | $14M | · | · | · | $11M | · | · | · | $12M | · | · | · | $17M | · |
Profitability 8
| Metric | Trend | Q3 2026 | 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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | · | · | · | · | 89.6% | 89.8% | · | 90.4% | 90.3% | 89.8% | 88.7% | |
| Operating Margin | -1.7% | 6.5% | 3.0% | · | -9.3% | 6.3% | 4.4% | · | -1.2% | 10.0% | 9.3% | · | 2.8% | 5.8% | 6.8% | -3.4% | |
| Net Margin | 6.6% | 2.5% | 0.92% | · | 24.8% | -0.24% | 3.3% | · | -13.5% | 2.0% | 1.2% | · | -5.5% | 0.04% | -0.28% | -4.6% | |
| Pretax Margin | 13.6% | 4.7% | 3.4% | · | -2.0% | 6.6% | 6.2% | · | -15.3% | 4.2% | 1.9% | · | -4.3% | -0.80% | 0.64% | -8.1% | |
| EBITDA Margin | 12.2% | 19.9% | 16.1% | · | 4.2% | 18.7% | 16.8% | · | 11.2% | 20.6% | 19.9% | · | 12.6% | 15.4% | 16.9% | 5.9% | |
| ROA | 0.56% | 0.23% | 0.07% | · | 1.7% | -0.02% | 0.26% | · | -0.87% | 0.21% | 0.13% | · | -0.62% | 0.00% | -0.03% | -0.52% | |
| ROE | 1.1% | 0.42% | 0.13% | · | 4.1% | -0.05% | 0.67% | · | -3.2% | 0.80% | 0.48% | · | -2.4% | 0.02% | -0.11% | -1.8% | |
| ROIC | -0.18% | 0.77% | 0.27% | · | -1.2% | 0.26% | 0.58% | · | -0.17% | 1.3% | 1.2% | · | 0.65% | 0.23% | 0.30% | -0.38% |
Liquidity & Solvency 4
| Metric | Trend | Q3 2026 | 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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.2 | 1.3 | 1.6 | · | 2.0 | 1.2 | 0.9 | · | 3.0 | 0.8 | 0.5 | · | 1.0 | 0.8 | 0.8 | 0.7 | |
| Quick Ratio | 1.0 | 1.1 | 1.4 | · | 1.8 | 1.0 | 0.8 | · | 0.6 | 0.6 | 0.4 | · | 0.7 | 0.6 | 0.5 | 0.5 | |
| Debt / Equity | 0.4 | 0.3 | · | · | 0.0 | 0.0 | 0.1 | · | 1.5 | 1.5 | 1.6 | · | 1.8 | 1.7 | 1.7 | 1.5 | |
| LT Debt / Equity | 0.4 | 0.3 | · | · | 0.0 | 0.0 | 0.0 | · | 1.4 | 1.4 | 1.2 | · | 1.8 | 1.7 | 1.7 | 1.5 |
Efficiency 2
| Metric | Trend | Q3 2026 | 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 | 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 | 0.1 | |
| Receivables Turnover | 1.1 | 1.0 | 1.1 | · | 1.1 | 1.0 | 1.0 | · | 1.0 | 1.5 | 1.5 | · | 1.8 | 1.9 | 1.9 | 2.2 |
Valuation (TTM) 4
| Metric | Trend | Q3 2026 | 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 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $218M | $217M | $214M | · | $210M | $204M | $198M | · | $198M | $210M | $220M | · | $249M | $270M | $284M | $300M | |
| Net Income TTM | $9M | $18M | $16M | · | $133M | $112M | $114M | · | $-21.0K | $2M | $527.0K | · | $-9M | $-11M | $-14M | $-14M | |
| P/E | 27.7 | · | · | · | · | -205.6 | -192.0 | · | -52.6 | -228.9 | -111.4 | · | -57.1 | -48.1 | -39.3 | -37.9 | |
| Earnings Yield | 3.6% | · | · | · | · | -0.49% | -0.52% | · | -1.9% | -0.44% | -0.90% | · | -1.8% | -2.1% | -2.5% | -2.6% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-09-30 | 2024-09-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | $370M |
| Gross Margin % | — | — | — | — | 90.0% |
| Operating Margin % | — | — | — | — | 6.1% |
| Net Income | $18M | $113M | — | — | $-811.0K |
| Diluted EPS | $0.72 | $4.73 | — | — | $-0.07 |
Balance Sheet
| 2025-09-30 | 2024-09-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.0 | 0.1 | — | — | 1.6 |
| Current Ratio | 1.9 | 0.9 | — | — | 0.9 |
| Quick Ratio | 1.8 | 0.9 | — | — | 0.7 |
Cash Flow
| 2025-09-30 | 2024-09-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $4M | $45M | — | — | $30M |
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Institutional owners (13F) 144 filers · $354.3M 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 |
|---|---|---|---|---|
| 23 (+5 vs prior Q) | 27 (+1 vs prior Q) | 35 (-15 vs prior Q) | 54 (+6 vs prior Q) | -828K |
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 |
|---|---|---|---|---|
| CROSSLINK CAPITAL INC | $23,880,181 | 1,117,986 | 6.74% | Shares |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $23,485,021 | 1,099,486 | 6.63% | Shares |
| North Reef Capital Management LP | $22,962,000 | 1,075,000 | 6.48% | Shares |
| HEARTLAND ADVISORS INC | $20,617,740 | 965,250 | 5.82% | Shares |
| AltraVue Capital, LLC | $18,639,847 | 872,652 | 5.26% | Shares |
| Forager Capital Management, LLC | $18,467,301 | 864,574 | 5.21% | Shares |
| GENEVA CAPITAL MANAGEMENT LLC | $17,484,269 | 818,552 | 4.94% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $17,398,083 | 814,517 | 4.91% | Shares |
| First Eagle Investment Management, LLC | $15,443,472 | 723,009 | 4.36% | Shares |
| STATE STREET CORP | $15,359,036 | 719,056 | 4.34% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $14,810,319 | 693,367 | 4.18% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $13,947,546 | 652,975 | 3.94% | Shares |
| ROYCE & ASSOCIATES LP | $13,909,653 | 651,201 | 3.93% | Shares |
| JENNISON ASSOCIATES LLC | $13,064,803 | 611,648 | 3.69% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $9,814,828 | 459,370 | 2.77% | Shares |
| WASATCH ADVISORS LP | $7,866,337 | 351,804 | 2.22% | Shares |
| NICHOLAS COMPANY, INC. | $6,273,795 | 293,717 | 1.77% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $4,931,447 | 230,873 | 1.39% | Shares |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $4,825,502 | 225,913 | 1.36% | Shares |
| 12th Street Asset Management Company, LLC | $4,782,098 | 223,881 | 1.35% | Shares |
| Long Path Partners LP | $4,599,214 | 215,319 | 1.30% | Shares |
| JANE STREET GROUP, LLC | $4,508,605 | 211,077 | 1.27% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $4,085,634 | 191,275 | 1.15% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $3,340,405 | 156,386 | 0.94% | Shares |
| Nuveen, LLC | $3,199,429 | 149,786 | 0.90% | Shares |
| ArrowMark Colorado Holdings LLC | $2,981,642 | 139,590 | 0.84% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $2,897,142 | 135,634 | 0.82% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $2,621,128 | 122,712 | 0.74% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $2,561,214 | 119,907 | 0.72% | Shares |
| CITADEL ADVISORS LLC | $2,411,864 | 112,915 | 0.68% | Shares |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $2,092,960 | 97,985 | 0.59% | Shares |
| Cove Street Capital, LLC | $1,954,806 | 60,222 | 0.55% | Shares |
| XTX Topco Ltd | $1,581,644 | 74,047 | 0.45% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $1,360,632 | 63,700 | 0.38% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $1,086,498 | 50,866 | 0.31% | Shares |
| MARSHALL WACE, LLP | $1,040,510 | 48,713 | 0.29% | Shares |
| GAMCO INVESTORS, INC. ET AL | $1,022,717 | 47,880 | 0.29% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $967,565 | 45,298 | 0.27% | Shares |
| Teton Advisors, Inc. | $961,800 | 35,000 | 0.27% | Shares |
| Swiss National Bank | $901,392 | 42,200 | 0.25% | Shares |
| Quantinno Capital Management LP | $838,209 | 39,242 | 0.24% | Shares |
| Bank of New York Mellon Corp | $811,936 | 38,012 | 0.23% | Shares |
| Atria Investments, Inc | $738,202 | 34,560 | 0.21% | Shares |
| EQUITABLE TRUST CO | $691,765 | 32,386 | 0.20% | Shares |
| Teton Advisors, LLC | $640,800 | 30,000 | 0.18% | Shares |
| RHUMBLINE ADVISERS | $618,278 | 28,946 | 0.17% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $573,366 | 26,843 | 0.16% | Shares |
| LPL Financial LLC | $556,962 | 26,075 | 0.16% | Shares |
| ALLIANCEBERNSTEIN L.P. | $548,513 | 24,531 | 0.15% | Shares |
| Squarepoint Ops LLC | $536,136 | 25,100 | 0.15% | Shares |
| DEUTSCHE BANK AG\ | $532,334 | 24,922 | 0.15% | Shares |
| Engineers Gate Manager LP | $528,938 | 24,763 | 0.15% | Shares |
| Atom Investors LP | $489,358 | 22,910 | 0.14% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $484,541 | 21,670 | 0.14% | Shares |
| H D Vest Advisory Services | $483,016 | 17,577 | 0.14% | Shares |
| CULLEN INVESTMENT GROUP, LTD. | $470,582 | 22,031 | 0.13% | Shares |
| PITCAIRN CO | $463,594 | 14,282 | 0.13% | Shares |
| GABELLI FUNDS LLC | $427,200 | 20,000 | 0.12% | Shares |
| ARGENT CAPITAL MANAGEMENT LLC | $412,248 | 19,300 | 0.12% | Shares |
| BlackRock, Inc. | $404,857 | 18,954 | 0.11% | Shares |
| WELLS FARGO & COMPANY/MN | $396,741 | 18,574 | 0.11% | Shares |
| RAYMOND JAMES FINANCIAL INC | $391,593 | 18,333 | 0.11% | Shares |
| BANK OF AMERICA CORP /DE/ | $381,576 | 17,864 | 0.11% | Shares |
| Cetera Investment Advisers | $376,577 | 17,630 | 0.11% | Shares |
| MORGAN STANLEY | $331,208 | 15,506 | 0.09% | Shares |
| Assenagon Asset Management S.A. | $320,806 | 15,019 | 0.09% | Shares |
| Simplicity Wealth,LLC | $313,202 | 14,663 | 0.09% | Shares |
| GOLDMAN SACHS GROUP INC | $308,737 | 14,454 | 0.09% | Shares |
| LBMC INVESTMENT ADVISORS, LLC | $306,004 | 14,326 | 0.09% | Shares |
| MetLife Investment Management, LLC | $288,424 | 13,503 | 0.08% | Shares |
| Corient Private Wealth LP | $262,237 | 12,277 | 0.07% | Shares |
| Empowered Funds, LLC | $261,745 | 12,254 | 0.07% | Shares |
| State of Wyoming | $260,891 | 12,214 | 0.07% | Shares |
| MCMORGAN & CO LLC | $259,545 | 12,151 | 0.07% | Shares |
| Russell Investments Group, Ltd. | $257,366 | 12,049 | 0.07% | Shares |
| WOLVERINE TRADING, LLC | $237,893 | 7,275 | 0.07% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $227,569 | 10,654 | 0.06% | Shares |
| CAXTON ASSOCIATES LLP | $221,717 | 10,380 | 0.06% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $220,926 | 10,343 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $216,975 | 10,158 | 0.06% | Shares |
| JANUS HENDERSON GROUP PLC | $215,136 | 9,615 | 0.06% | Shares |
| VANGUARD GROUP INC | $212,881 | 8,451 | 0.06% | Shares |
| FRANKLIN RESOURCES INC | $212,468 | 9,947 | 0.06% | Shares |
| Dynamic Technology Lab Private Ltd | $205,000 | 9,598 | 0.06% | Shares |
| Invesco Ltd. | $188,160 | 8,809 | 0.05% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $180,941 | 8,471 | 0.05% | Shares |
| Vanguard Global Advisers, LLC | $180,513 | 8,451 | 0.05% | Shares |
| AlphaQuest LLC | $177,413 | 7,043 | 0.05% | Shares |
| Police & Firemen's Retirement System of New Jersey | $136,020 | 6,368 | 0.04% | Shares |
| Vanguard Investments Australia, Ltd. | $121,175 | 5,673 | 0.03% | Shares |
| CIBC Private Wealth Group LLC | $105,982 | 3,265 | 0.03% | Shares |
| KLP KAPITALFORVALTNING AS | $102,528 | 4,800 | 0.03% | Shares |
| PNC Financial Services Group, Inc. | $92,318 | 4,322 | 0.03% | Shares |
| Harbor Asset Planning, Inc. | $85,440 | 4,000 | 0.02% | Shares |
| UBS Group AG | $74,974 | 3,510 | 0.02% | Shares |
| NORTHERN TRUST CORP | $74,012 | 3,465 | 0.02% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $65,853 | 3,083 | 0.02% | Shares |
| BARCLAYS PLC | $62,670 | 2,934 | 0.02% | Shares |
| Legal & General Group Plc | $46,223 | 2,164 | 0.01% | Shares |
| SALEM INVESTMENT COUNSELORS INC | $41,652 | 1,950 | 0.01% | Shares |
Company insiders 17 insiders · 10 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Gregory S Daily | Chief Executive Officer | May 14, 2026 P | 50,000 | 1 | 0 | $961,500 |
| Christopher Laisure | President - Public Sector | Feb. 13, 2023 A | — | 0 | 0 | $0 |
| Frederick Stanford | President | Feb. 13, 2023 A | 117,577 | 0 | 0 | $0 |
| Paul Christians | Chief Operating Officer | Feb. 13, 2023 A | 5,000 | 0 | 0 | $0 |
| David Scott Meriwether | Chief Operating Officer | Feb. 11, 2021 A | 56 | 0 | 0 | $0 |
| WHITSON CLAY M | Chief Strategy Officer | Feb. 10, 2026 A | 70,928 | 0 | 0 | $0 |
| Pete Panagakis | Chief Technology Officer | Feb. 13, 2023 A | — | 0 | 0 | $0 |
| Geoffrey C. Smith | SVP of Finance | Feb. 13, 2023 A | — | 0 | 0 | $0 |
| Paul Maple | General Counsel and Secretary | Feb. 13, 2023 A | — | 0 | 0 | $0 |
| Robert Bertke | Chief Technology Officer | June 8, 2022 M | 0 | 0 | 0 | $0 |
| WILDS DAVID M | Director | Feb. 10, 2026 A | 10,372 | 1 | 1 | $0 |
| Timothy Mckenna | Director | Aug. 18, 2023 M | 0 | 0 | 0 | $0 |
| Decosta Jenkins | Director | May 12, 2023 A | — | 0 | 0 | $0 |
| Elizabeth S. Courtney | Director | May 12, 2023 A | — | 0 | 0 | $0 |
| Robert Burton Harvey | Director | May 12, 2023 A | 4,687 | 0 | 0 | $0 |
| John C. Harrison | Director | May 12, 2023 A | 81,606 | 0 | 0 | $0 |
| David K. Morgan | Director | May 12, 2023 A | 10,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 40 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 |
|---|---|---|---|---|
| ALIL · EA Series Trust | 1.01% | 12,707 NS | May 29, 2026 | N-PORT |
| DAT · ProShares Trust | 0.83% | 2,276 NS | May 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.13% | 1,513 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.11% | 74,920 SH | Aug. 8, 2026 | Daily |
| SMMV · iShares Trust | 0.07% | 9,197 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.04% | 222 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.03% | 209,861 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.03% | 19,211 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.02% | 53,599 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.02% | 583,670 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 2,599 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 7,545 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.02% | 9,674 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 72,770 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 19,193 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 1,047 NS | May 31, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 0.01% | 10,691 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 126,850 SH | Aug. 8, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.01% | 545,561 SH | Aug. 8, 2026 | Daily |
| FTEC · FIDELITY COVINGTON TRUST | 0.01% | 71,013 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 92,425 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 2,465 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 820 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 832 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 53,237 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 386 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 783 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 21 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 1,487 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 1,078 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 5,853 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 1,562 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 32,677 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 6,245 SH | Aug. 8, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 6,451 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 12,243 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 199,089 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 594,147 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,745 SH | Aug. 8, 2026 | Daily |
| EBI · RBB Fund Trust | 0.00% | 4 NS | May 31, 2026 | N-PORT |