INGN Inogen, Inc - Common Stock
NASDAQ · Health Care · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 7, 2026
$5.97
· of 52w range
· above low
· to high
$5.0552w low
$9.1352w high
Market Cap (MRQ)
$160M
P/E (TTM)
-6.6
EPS (TTM)
$-0.90
Revenue (TTM)
$354M
your badges
52W Range
$5–$9
Analyst Rating
BUY
Price Target
$12
P/E
-6.6
ROE
-13.1%
Net Profit Margin
-6.9%
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INGN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$5.97
Market Cap (MRQ)
$160M
P/E (TTM)
-6.6
EPS (TTM)
$-0.90
Revenue (TTM)
$354M
ROE (TTM)
-13.1%
52W Range
$5–$9
INGN 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$349M2016-12-31 → 2025-12-31
EPS$-0.862016-12-31 → 2025-12-31
Free Cash Flow$-14M2016-12-31 → 2025-12-31
Net margin-6.9%2016-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | INGN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | -6.65Y avg ≈-28.4 | ≈-28.4 | · | · | |
| P/S (TTM) | 0.55Y avg ≈1.0 | ≈1.0 | 3.9 | Undervalued | |
| P/B (MRQ) | 0.95Y avg ≈1.3 | ≈1.3 | 3.9 | Undervalued | |
| Price / FCF (TTM) | -32.05Y avg ≈17.8 | ≈17.8 | · | · | |
| Price / Cash Flow (TTM) | -63.55Y avg ≈0.4 | ≈0.4 | · | · | |
| Price / Tangible Book (MRQ) | 1.15Y avg ≈1.6 | ≈1.6 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | INGN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin (TTM) | 44.5%5Y avg ≈44.1% | ≈44.1% | 51.1% | Weak | |
| Operating Margin (TTM) | -8.7%5Y avg ≈-15.2% | ≈-15.2% | -3.6% | Weak | |
| EBITDA Margin (TTM) | -3.1%5Y avg ≈-9.2% | ≈-9.2% | -3.6% | Weak | |
| Pretax Margin (TTM) | -7.1%5Y avg ≈-13.9% | ≈-13.9% | -1.8% | Weak | |
| Net Profit Margin (TTM) | -6.9%5Y avg ≈-14.7% | ≈-14.7% | -4.0% | In line | |
| ROA (TTM) | -8.2%5Y avg ≈-13.5% | ≈-13.5% | -26.6% | Top tier | |
| ROE (TTM) | -13.1%5Y avg ≈-21.2% | ≈-21.2% | -15.7% | Top tier | |
| ROIC | -15.3%5Y avg ≈-24.7% | ≈-24.7% | -17.6% | In line |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | INGN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 2.75Y avg ≈3.7 | ≈3.7 | 1.9 | Strong liquidity | |
| Quick Ratio | 2.25Y avg ≈2.9 | ≈2.9 | 1.3 | Strong liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | INGN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 3.9%5Y avg ≈3.1% | ≈3.1% | · | · | |
| Revenue CAGR 3Y | -2.6%5Y avg ≈-1.3% | ≈-1.3% | · | · | |
| Revenue CAGR 5Y | 2.5% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | INGN | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 1.25Y avg ≈0.9 | ≈0.9 | 1.1 | Top tier | |
| Inventory Turnover | 6.55Y avg ≈6.0 | ≈6.0 | 4.0 | Top tier | |
| Receivables Turnover | 10.25Y avg ≈9.5 | ≈9.5 | 6.0 | Top tier | |
| Revenue / Employee | ≈$463.0K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
28.9%
Next Report
Nov 03, 2026
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Aug 12, 2026 | $-0.14 | $-0.16 | 10.9% |
| March 31, 2026 | $-0.30 | $-0.29 | -3.9% | |
| Dec. 31, 2025 | $-0.26 | $-0.36 | 28.7% | |
| Sept. 30, 2025 | $-0.13 | $-0.22 | 42.1% | |
| June 30, 2025 | $-0.15 | $-0.27 | 44.9% | |
| March 31, 2025 | $-0.25 | $-0.51 | 50.7% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $349M | $336M | $316M | $377M | $358M | $308M | $362M | $358M | $249M | $203M | $159M | $113M | |
| Cost of Revenue | $164M | $149M | $159M | $198M | $162M | $157M | $176M | $164M | $110M | $85M | $62M | $39M | |
| Gross Profit | $154M | $155M | $127M | $154M | $176M | $138M | $172M | $179M | $121M | $97M | $76M | $56M | |
| R&D Expense | $19M | $22M | $21M | $22M | $17M | $14M | $9M | $7M | $5M | $5M | $4M | $3M | |
| SG&A Expense | $67M | $73M | $75M | $44M | $38M | $39M | $37M | $38M | $38M | $32M | $26M | $18M | |
| Operating Expenses | $184M | $197M | $236M | $239M | $167M | $150M | $152M | $141M | $94M | $74M | $61M | $45M | |
| Operating Income | $-30M | $-43M | $-109M | $-85M | $9M | $-12M | $20M | $38M | $28M | $23M | $15M | $11M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $6.0K | $22.0K | $449.0K | |
| Interest Income | $4M | $5M | $7M | $3M | $129.0K | $909.0K | $5M | $3M | $765.0K | $196.0K | $102.0K | $42.0K | |
| Other Non-op | $2M | $850.0K | $468.0K | $-862.0K | $-710.0K | $6M | $-229.0K | $-696.0K | $1M | $-329.0K | $-404.0K | $-88.0K | |
| Pretax Income | $-23M | $-36M | $-102M | $-83M | $9M | $-5M | $24M | $40M | $30M | $23M | $15M | $10M | |
| Income Tax | $-632.0K | $-588.0K | $105.0K | $504.0K | $15M | $549.0K | $3M | $-11M | $9M | $2M | $3M | $3M | |
| Net Income | $-23M | $-36M | $-102M | $-84M | $-6M | $-6M | $21M | $52M | $21M | $21M | $12M | $7M | |
| EPS (Basic) | $-0.86 | $-1.52 | $-4.42 | $-3.67 | $-0.28 | $-0.27 | $0.96 | $2.44 | $1.02 | $1.02 | $0.60 | $0.33 | |
| EPS (Diluted) | $-0.86 | $-1.52 | $-4.42 | $-3.67 | $-0.28 | $-0.27 | $0.94 | $2.30 | $0.96 | $0.97 | $0.56 | $0.30 | |
| Shares (Basic) | 26,601,652 | 23,654,395 | 23,176,098 | 22,852,571 | 22,490,027 | 21,980,326 | 21,821,104 | 21,266,696 | 20,683,807 | 20,067,152 | 19,398,991 | 16,182,569 | |
| Shares (Diluted) | 26,601,652 | 23,654,395 | 23,176,098 | 22,852,571 | 22,490,027 | 21,980,326 | 22,241,064 | 22,514,513 | 21,897,988 | 21,095,867 | 20,708,170 | 18,037,498 | |
| EBITDA | $-10M | $-22M | $-91M | $-62M | $31M | $7M | $34M | $49M | $40M | $36M | $29M | $23M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $104M | $114M | $125M | $187M | $236M | $212M | $198M | $197M | $143M | $93M | $66M | $57M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | $17M | · | |
| Receivables | $39M | $30M | $42M | $63M | $24M | $30M | $34M | $37M | $31M | $31M | $20M | $19M | |
| Inventory | $26M | $25M | $22M | $34M | $32M | $25M | $36M | $27M | $19M | $14M | $9M | $8M | |
| Prepaid Expense | $13M | $14M | $14M | $19M | $26M | $18M | $10M | $7M | $3M | $2M | $870.0K | $1M | |
| Current Assets | $198M | $185M | $207M | $305M | $329M | $306M | $292M | $315M | $228M | $162M | $115M | $93M | |
| PP&E (Net) | $36M | $44M | $50M | $43M | $39M | $28M | $19M | $22M | $20M | $25M | $31M | $32M | |
| PP&E (Gross) | $85M | $89M | $98M | $95M | $91M | $74M | $64M | $65M | $65M | $67M | $66M | $58M | |
| Accum. Depreciation | $49M | $45M | $48M | $52M | $52M | $46M | $45M | $42M | $44M | $42M | $36M | $26M | |
| Goodwill | $11M | $9M | $10M | $33M | $33M | $33M | $33M | $2M | $2M | · | · | · | |
| Intangibles | $31M | $30M | $35M | $177.0K | $60M | $69M | $78M | $4M | $5M | $241.0K | $229.0K | $270.0K | |
| Other Non-current Assets | $6M | $8M | $4M | $2M | $3M | $3M | $5M | $3M | $765.0K | $410.0K | $97.0K | $97.0K | |
| Total Assets | $299M | $296M | $326M | $405M | $490M | $462M | $447M | $376M | $275M | $214M | $161M | $140M | |
| Accounts Payable | $20M | $17M | $13M | $18M | $10M | $13M | $16M | $14M | $10M | $6M | $7M | $7M | |
| Current Liabilities | $64M | $77M | $72M | $65M | $62M | $57M | $50M | $47M | $34M | $23M | $22M | $19M | |
| Capital Leases | $14M | $17M | $18M | $20M | $23M | $8M | $5M | · | · | · | · | · | |
| Deferred Tax | $7M | $7M | $9M | · | · | $25.0K | $87.0K | $232.0K | $348.0K | · | · | · | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | $832.0K | $729.0K | $282.0K | $337.0K | $375.0K | |
| Total Liabilities | $106M | $122M | $121M | $108M | $119M | $112M | $103M | $65M | $48M | $32M | $27M | $22M | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | $315.0K | $614.0K | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | $315.0K | $614.0K | |
| Common Stock | $27.0K | $24.0K | $23.0K | $23.0K | $23.0K | $22.0K | $22.0K | $22.0K | $21.0K | $20.0K | $20.0K | $19.0K | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | $175M | |
| Retained Earnings | $-176M | $-153M | $-117M | $-14M | $69M | $76M | $81M | $60M | $9M | $-12M | $-45M | $-57M | |
| AOCI | $4M | $-2M | $1M | $-243.0K | $1M | $475.0K | $-87.0K | $724.0K | $272.0K | $-35.0K | $-37.0K | · | |
| Stockholders' Equity | $192M | $174M | $205M | $297M | $370M | $350M | $345M | $310M | $227M | $182M | $134M | $118M | |
| Liabilities + Equity | $299M | $296M | $326M | $405M | $490M | $462M | $447M | $376M | $275M | $214M | $161M | $140M | |
| Shares Outstanding | 27,232,350 | 23,902,338 | 23,324,750 | 22,941,643 | 22,731,586 | 22,131,447 | 22,031,410 | 21,778,632 | 20,976,350 | 20,389,860 | 19,782,403 | 19,059,364 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $21M | $21M | $18M | $24M | $22M | $19M | $14M | $11M | $12M | $14M | $14M | $12M | |
| Stock-based Comp | $8M | $7M | $7M | $12M | $11M | $8M | $9M | $13M | $10M | $7M | $4M | $1M | |
| Deferred Tax | $-1M | $-1M | $-251.0K | · | $14M | $-82.0K | $3M | $-12M | $8M | $1M | $5M | $2M | |
| Amort. of Intangibles | $5M | $4M | $1M | $8M | $9M | $9M | $4M | $1M | $507.0K | $101.0K | $86.0K | $150.0K | |
| Other Non-cash | $-16M | $15M | $74M | $10M | $-17M | $16M | $-6M | $-4M | $10M | $-11M | $4M | $-6M | |
| Operating Cash Flow | $-11M | $6M | $-3M | $-38M | $24M | $37M | $41M | $60M | $60M | $31M | $38M | $16M | |
| CapEx | $3M | $3M | $5M | $3M | $5M | $4M | $3M | $8M | $3M | $2M | $2M | $2M | |
| Investing Cash Flow | $-26M | $-14M | $-59M | $-11M | $-15M | $-26M | $-44M | $-25M | $-24M | $-12M | · | · | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | $-315.0K | $-299.0K | $-213.0K | |
| Stock Issued | $27M | · | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | $27M | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $24M | $265.0K | $960.0K | $380.0K | $15M | $2M | $5M | $18M | $14M | $8M | · | · | |
| Net Change in Cash | $-12M | $-8M | $-62M | $-49M | $24M | $14M | $1M | $54M | $50M | $27M | $9M | $43M | |
| Taxes Paid | $320.0K | $375.0K | $-703.0K | $499.0K | $2M | $-713.0K | $239.0K | $2M | $1M | $-447.0K | $19.0K | $2M | |
| Free Cash Flow | $-14M | $3M | $-8M | $-41M | $18M | $33M | $37M | $52M | $58M | $29M | $36M | $14M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $29M | $36M | $14M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.2% | 46.1% | 40.1% | 40.7% | 49.3% | 44.8% | 47.5% | 49.9% | 48.6% | 48.0% | 48.0% | 49.3% | |
| Operating Margin | -8.7% | -12.7% | -34.6% | -22.6% | 2.6% | -3.9% | 5.5% | 10.6% | 11.1% | 11.3% | 9.5% | 9.3% | |
| Net Margin | -6.5% | -10.7% | -32.5% | -22.2% | -1.8% | -1.9% | 5.8% | 14.5% | 8.4% | 10.1% | 7.3% | 6.1% | |
| Pretax Margin | -6.7% | -10.9% | -32.4% | -22.1% | 2.4% | -1.7% | 6.7% | 11.3% | 11.9% | 11.2% | 9.3% | 8.9% | |
| EBITDA Margin | -2.7% | -6.4% | -28.9% | -16.4% | 8.6% | 2.1% | 9.3% | 13.7% | 16.0% | 18.0% | 18.3% | 20.1% | |
| ROA | -7.6% | -11.5% | -28.0% | -18.7% | -1.3% | -1.3% | 5.1% | 15.9% | 8.6% | 9.7% | 7.7% | 6.1% | |
| ROE | -11.6% | -20.0% | -47.1% | -25.9% | -1.7% | -1.7% | 6.1% | 17.2% | 9.4% | 11.6% | 8.8% | 24.5% | |
| ROIC | -15.3% | -24.1% | -53.5% | -28.8% | -1.8% | -3.8% | 5.0% | 15.6% | 8.6% | 11.3% | 8.8% | 6.0% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.1 | 2.4 | 2.9 | 4.7 | 5.4 | 5.4 | 5.8 | 6.8 | 6.7 | 7.1 | 5.2 | 4.9 | |
| Quick Ratio | 2.2 | 1.9 | 2.3 | 3.8 | 4.2 | 4.3 | 4.6 | 5.0 | 5.1 | 5.4 | 4.7 | 4.1 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | 0.0 | 0.0 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.0 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | 3810.7 | 684.1 | 23.4 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.2 | 1.1 | 0.9 | 0.8 | 0.8 | 0.7 | 0.9 | 1.1 | 1.0 | 1.0 | 1.1 | 1.0 | |
| Inventory Turnover | 6.5 | 6.4 | 5.7 | 6.0 | 5.7 | 5.2 | 5.6 | 7.1 | 6.6 | 7.4 | 7.6 | 6.5 | |
| Receivables Turnover | 10.2 | 9.4 | 6.0 | 8.7 | 13.2 | 9.6 | 10.1 | 10.5 | 8.0 | 8.0 | 8.1 | 7.6 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $7.06 | $7.27 | $8.78 | $12.96 | $16.29 | $15.80 | $15.64 | $14.25 | $10.82 | $8.93 | $6.77 | $6.20 | |
| Revenue / Share | $13.11 | $14.19 | $13.62 | $16.51 | $15.92 | $14.03 | $16.27 | $15.91 | $11.39 | $9.61 | $7.68 | $6.24 | |
| Cash Flow / Share | $-0.42 | $0.25 | $-0.14 | $-1.64 | $1.05 | $1.68 | $1.83 | $2.66 | $2.76 | $1.47 | $1.84 | $0.87 | |
| Cash / Share | $3.81 | $4.76 | $5.38 | $8.15 | $10.36 | $9.58 | $8.99 | $9.03 | $6.82 | $4.55 | $3.34 | $2.98 | |
| EPS (TTM) | $-0.86 | $-1.52 | $-4.42 | $-3.67 | $-0.28 | $-0.27 | $0.94 | $2.30 | $0.96 | $0.97 | $0.56 | $0.30 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 3.9% | 6.3% | -16.3% | 5.4% | 16.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -2.6% | -2.1% | 0.77% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 2.5% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $349M | $336M | $316M | $377M | $358M | $308M | $362M | $358M | $249M | $203M | $159M | $113M | |
| Net Income TTM | $-23M | $-36M | $-102M | $-84M | $-6M | $-6M | $21M | $52M | $21M | $21M | $12M | $7M | |
| Market Cap | $183M | $219M | $128M | $452M | $773M | $989M | $1.51B | $2.70B | $2.50B | $1.37B | $793M | $598M | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | $710M | $542M | |
| P/E | -7.8 | -6.0 | -1.2 | -5.4 | -121.4 | -165.5 | 72.7 | 54.0 | 124.0 | 69.2 | 71.6 | 104.6 | |
| P/S | 0.5 | 0.7 | 0.4 | 1.2 | 2.2 | 3.2 | 4.2 | 7.6 | 10.0 | 6.8 | 5.0 | 5.3 | |
| P/B | 1.0 | 1.3 | 0.6 | 1.5 | 2.1 | 2.8 | 4.4 | 8.7 | 11.0 | 7.5 | 5.9 | 5.1 | |
| P / Tangible Book | 1.2 | 1.6 | 0.8 | 1.7 | 2.8 | 4.0 | · | · | · | · | · | · | |
| P / Cash Flow | -16.3 | 37.1 | -39.6 | -12.0 | 32.7 | 26.7 | 37.1 | 45.1 | 41.3 | 44.1 | 20.8 | 38.1 | |
| P / FCF | -13.3 | 85.8 | -15.2 | -11.1 | 42.6 | 30.3 | 40.2 | 52.1 | 43.4 | 46.7 | 22.1 | 42.3 | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | 24.4 | 24.0 | |
| EV / FCF | · | · | · | · | · | · | · | · | · | · | 19.8 | 38.3 | |
| EV / Revenue | · | · | · | · | · | · | · | · | · | · | 4.5 | 4.8 | |
| Earnings Yield | -12.8% | -16.6% | -80.5% | -18.6% | -0.82% | -0.60% | 1.4% | 1.8% | 0.81% | 1.4% | 1.4% | 0.96% |
Income Statement
| 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 | $95M | $85M | $82M | $92M | $92M | $82M | $80M | $89M | $89M | $78M | $76M | $84M | $84M | $72M | $88M | $105M | |
| Cost of Revenue | $45M | $40M | $39M | $43M | $43M | $38M | $35M | $40M | $38M | $35M | $40M | $43M | $42M | $34M | $52M | $56M | |
| Gross Profit | $43M | $38M | $35M | $41M | $41M | $36M | $36M | $41M | $43M | $34M | $28M | $34M | $34M | $31M | $29M | $43M | |
| R&D Expense | $6M | $5M | $5M | $5M | $5M | $4M | $6M | $4M | $6M | $7M | $7M | $4M | $4M | $5M | $6M | $5M | |
| SG&A Expense | $18M | $17M | $16M | $18M | $17M | $16M | $18M | $19M | $19M | $17M | $25M | $17M | $15M | $19M | $1M | $15M | |
| Operating Expenses | $48M | $47M | $45M | $48M | $47M | $44M | $48M | $49M | $50M | $51M | $57M | $80M | $46M | $53M | $88M | $53M | |
| Operating Income | $-5M | $-9M | $-9M | $-7M | $-6M | $-8M | $-11M | $-8M | $-7M | $-16M | $-29M | $-47M | $-12M | $-22M | $-58M | $-10M | |
| Interest Income | $861.0K | $880.0K | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $868.0K | |
| Other Non-op | $231.0K | $-42.0K | $780.0K | $606.0K | $701.0K | $356.0K | $-114.0K | $687.0K | $134.0K | $143.0K | $292.0K | $-398.0K | $337.0K | $237.0K | $305.0K | $-12.0K | |
| Pretax Income | $-4M | $-8M | $-7M | $-5M | $-4M | $-6M | $-10M | $-6M | $-6M | $-15M | $-27M | $-45M | $-10M | $-20M | $-56M | $-9M | |
| Income Tax | $-154.0K | $-174.0K | $-236.0K | $-146.0K | $-153.0K | $-97.0K | $-330.0K | $-101.0K | $-7.0K | $-150.0K | $-533.0K | $401.0K | $41.0K | $196.0K | $141.0K | $70.0K | |
| Net Income | $-4M | $-8M | $-7M | $-5M | $-4M | $-6M | $-10M | $-6M | $-6M | $-15M | $-27M | $-46M | $-10M | $-20M | $-57M | $-10M | |
| EPS (Basic) | $-0.14 | $-0.30 | $-0.26 | $-0.20 | $-0.15 | $-0.25 | $-0.41 | $-0.25 | $-0.24 | $-0.62 | $-1.15 | $-1.97 | $-0.42 | $-0.88 | $-2.48 | $-0.42 | |
| EPS (Diluted) | $-0.14 | $-0.30 | $-0.26 | $-0.20 | $-0.15 | $-0.25 | $-0.41 | $-0.25 | $-0.24 | $-0.62 | $-1.15 | $-1.97 | $-0.42 | $-0.88 | $-2.48 | $-0.42 | |
| Shares (Basic) | 27,045,095 | 27,322,438 | · | 27,075,637 | 26,962,465 | 25,164,444 | · | 23,751,168 | 23,614,970 | 23,401,598 | · | 23,231,217 | 23,146,117 | 23,009,617 | · | 22,882,333 | |
| Shares (Diluted) | 27,045,095 | 27,322,438 | · | 27,075,637 | 26,962,465 | 25,164,444 | · | 23,751,168 | 23,614,970 | 23,401,598 | · | 23,231,217 | 23,146,117 | 23,009,617 | · | 22,882,333 | |
| EBITDA | $-5M | $-4M | · | $-7M | $-6M | $-2M | · | $-8M | $-7M | $-11M | · | $-47M | $-12M | $-18M | · | $-10M |
Balance Sheet
| 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 | $87M | $93M | $104M | $106M | $104M | $119M | $114M | $106M | $98M | $107M | $125M | $125M | $168M | $164M | · | $210M | |
| Receivables | $46M | $42M | $39M | $40M | $39M | $37M | $30M | $34M | $36M | $40M | · | $48M | $51M | $54M | · | $51M | |
| Inventory | $29M | $25M | $26M | $25M | $24M | $26M | $25M | $23M | $24M | $25M | · | $24M | $31M | $39M | · | $36M | |
| Prepaid Expense | $13M | $12M | $13M | $14M | $17M | $15M | $14M | $10M | $12M | $14M | · | $14M | $15M | $14M | · | $20M | |
| Current Assets | $194M | $191M | $198M | $204M | $203M | $201M | $185M | $193M | $195M | $199M | · | $225M | $269M | $283M | · | $318M | |
| PP&E (Net) | $32M | $34M | $36M | $37M | $40M | $41M | $44M | $47M | $47M | $49M | · | $50M | $49M | $46M | · | $41M | |
| PP&E (Gross) | $81M | $83M | $85M | $85M | $87M | $87M | $89M | $91M | $94M | $97M | · | $103M | $102M | $98M | · | $91M | |
| Accum. Depreciation | $49M | $50M | $49M | $48M | $47M | $46M | $45M | $45M | $47M | $48M | · | $53M | $53M | $52M | · | $51M | |
| Goodwill | $10M | $10M | $11M | $11M | $11M | $10M | $9M | $10M | $10M | $10M | $10M | $10M | $33M | $33M | $33M | $33M | |
| Intangibles | $27M | $29M | $31M | $32M | $33M | $32M | $30M | $34M | $34M | $33M | · | $34M | · | · | · | $54M | |
| Other Non-current Assets | $7M | $6M | $6M | $6M | $7M | $7M | $8M | $4M | $4M | $4M | · | $4M | $3M | $3M | · | $2M | |
| Total Assets | $286M | $286M | $299M | $307M | $312M | $308M | $296M | $306M | $309M | $316M | · | $344M | $374M | $386M | · | $470M | |
| Accounts Payable | $25M | $24M | $20M | $21M | $22M | $23M | $17M | $15M | $15M | $16M | · | $15M | $13M | $18M | · | $21M | |
| Current Liabilities | $71M | $61M | $64M | $65M | $67M | $65M | $77M | $72M | $72M | $74M | · | $60M | $59M | $63M | · | $66M | |
| Capital Leases | $13M | $13M | $14M | $15M | $16M | $16M | $17M | $17M | $18M | $19M | · | $19M | $18M | $19M | · | $21M | |
| Deferred Tax | $6M | $7M | $7M | $8M | $8M | $7M | $7M | $8M | $8M | $8M | · | $8M | · | · | · | · | |
| Total Liabilities | $111M | $103M | $106M | $110M | $113M | $110M | $122M | $121M | $121M | $124M | · | $113M | $100M | $104M | · | $119M | |
| Common Stock | $27.0K | $27.0K | $27.0K | $27.0K | $27.0K | $27.0K | $24.0K | $24.0K | $24.0K | $24.0K | · | $23.0K | $23.0K | $23.0K | · | $23.0K | |
| Retained Earnings | $-188M | $-184M | $-176M | $-168M | $-163M | $-159M | $-153M | $-143M | $-137M | $-132M | · | $-90M | $-45M | $-35M | · | $42M | |
| AOCI | $3M | $3M | $4M | $4M | $3M | $-511.0K | $-2M | $2M | $-138.0K | $188.0K | · | $-583.0K | $74.0K | $-4.0K | · | $-431.0K | |
| Stockholders' Equity | $175M | $183M | $192M | $197M | $199M | $198M | $174M | $185M | $188M | $192M | $205M | $231M | $275M | $281M | $297M | $351M | |
| Liabilities + Equity | $286M | $286M | $299M | $307M | $312M | $308M | $296M | $306M | $309M | $316M | · | $344M | $374M | $386M | · | $470M | |
| Shares Outstanding | 26,730,437 | 27,365,116 | 27,232,350 | 27,148,482 | 27,040,390 | 26,887,242 | 23,902,338 | 23,817,704 | 23,718,774 | 23,546,478 | · | 23,306,825 | 23,194,034 | 23,120,786 | · | 22,919,781 |
Cash Flow
| 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 | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $4M | $4M | $6M | $6M | |
| Stock-based Comp | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $2M | $2M | $-1M | $2M | $3M | $3M | $3M | $4M | |
| Deferred Tax | $-32.0K | $-41.0K | $-1M | $-50.0K | $-377.0K | $457.0K | $-906.0K | $-21.0K | $-22.0K | $-201.0K | · | · | · | · | · | · | |
| Other Non-cash | · | $-5M | · | · | · | $-18M | · | · | · | $2M | · | · | · | $7M | · | · | |
| Operating Cash Flow | $3M | $-7M | $-943.0K | $2M | $4M | $-17M | $-3M | $7M | $7M | $-5M | $-3M | $2M | $4M | $-6M | $-15M | $-9M | |
| CapEx | $711.0K | $210.0K | $979.0K | $568.0K | $684.0K | $292.0K | $329.0K | $2M | $50.0K | $1M | $1M | $708.0K | $2M | $1M | $567.0K | $534.0K | |
| Investing Cash Flow | $-3M | $-2M | $-2M | $-82.0K | $-23M | $-2M | $12M | $305.0K | $-12M | $-13M | $4M | $-46M | $-540.0K | $-17M | $-7M | $-5M | |
| Stock Issued | · | · | $0 | $0 | $0 | $27M | · | · | · | · | · | · | · | · | · | · | |
| Stock Repurchased | $6M | $2M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Net Stock Activity | · | $-2M | · | · | · | $27M | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-6M | $-2M | $-187.0K | $418.0K | $0 | $24M | $-260.0K | $441.0K | $-201.0K | $285.0K | $-14.0K | $448.0K | $-33.0K | $559.0K | $-112.0K | $701.0K | |
| Net Change in Cash | $-6M | $-11M | $-3M | $3M | $-18M | $5M | $8M | $8M | $-6M | $-18M | $884.0K | $-43M | $4M | $-23M | $-23M | $-14M | |
| Taxes Paid | $34.0K | $448.0K | $2.0K | $-164.0K | $82.0K | $400.0K | $27.0K | $-136.0K | $62.0K | $422.0K | $35.0K | $-1M | $2.0K | $418.0K | $-36.0K | $52.0K | |
| Free Cash Flow | · | $-7M | · | · | · | $-17M | · | · | · | $-6M | · | · | · | $-7M | · | · |
Profitability
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.5% | 44.5% | · | 44.7% | 44.8% | 44.2% | · | 46.5% | 48.1% | 44.0% | · | 40.2% | 40.7% | 42.6% | · | 40.6% | |
| Operating Margin | -5.4% | -11.0% | · | -7.7% | -6.6% | -9.3% | · | -8.8% | -8.0% | -20.9% | · | -55.6% | -14.1% | -30.4% | · | -9.8% | |
| Net Margin | -4.0% | -9.8% | · | -5.7% | -4.5% | -7.5% | · | -6.7% | -6.3% | -18.7% | · | -54.4% | -11.8% | -28.2% | · | -9.0% | |
| Pretax Margin | -4.2% | -10.0% | · | -5.9% | -4.7% | -7.6% | · | -6.8% | -6.3% | -18.9% | · | -54.0% | -11.7% | -27.9% | · | -8.9% | |
| EBITDA Margin | -5.4% | -5.2% | · | -7.7% | -6.6% | -3.0% | · | -8.8% | -8.0% | -14.1% | · | -55.6% | -14.1% | -24.7% | · | -9.8% | |
| ROA | -1.3% | -2.8% | · | -1.7% | -1.3% | -2.0% | · | -1.8% | -1.6% | -4.2% | · | -11.2% | -2.3% | -4.7% | · | -1.9% | |
| ROE | -2.1% | -4.4% | · | -2.8% | -2.1% | -3.2% | · | -2.9% | -2.4% | -6.2% | · | -15.7% | -3.1% | -6.4% | · | -2.6% | |
| ROIC | -2.8% | -5.0% | · | -3.5% | -3.0% | -3.8% | · | -4.1% | -3.8% | -8.4% | · | -20.4% | -4.3% | -7.9% | · | -3.0% |
Liquidity & Solvency
| 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 | 2.7 | 3.1 | · | 3.1 | 3.0 | 3.1 | · | 2.7 | 2.7 | 2.7 | · | 3.7 | 4.5 | 4.5 | · | 4.8 | |
| Quick Ratio | 1.9 | 2.2 | · | 2.3 | 2.1 | 2.4 | · | 1.9 | 1.9 | 2.0 | · | 2.9 | 3.7 | 3.4 | · | 4.0 |
Efficiency
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Inventory Turnover | 1.7 | 1.6 | · | 1.8 | 1.8 | 1.5 | · | 1.7 | 1.4 | 1.1 | · | 1.4 | 1.3 | 0.9 | · | 1.7 | |
| Receivables Turnover | 2.2 | 2.2 | · | 2.5 | 2.5 | 2.1 | · | 2.2 | 2.0 | 1.7 | · | 1.7 | 2.0 | 1.6 | · | 2.5 |
Per Share
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $6.54 | $6.68 | · | $7.26 | $7.38 | $7.36 | · | $7.78 | $7.91 | $8.15 | · | $9.90 | $11.85 | $12.17 | · | $15.31 | |
| Revenue / Share | $3.52 | $3.12 | · | $3.41 | $3.42 | $3.27 | · | $3.74 | $3.76 | $3.33 | · | $3.61 | $3.61 | $3.14 | · | $4.61 | |
| Cash Flow / Share | · | $-0.24 | · | · | · | $-0.67 | · | · | · | $-0.20 | · | · | · | $-0.27 | · | · | |
| Cash / Share | $3.27 | $3.40 | · | $3.92 | $3.83 | $4.42 | · | $4.44 | $4.13 | $4.56 | · | $5.35 | $7.23 | $7.10 | · | $9.15 | |
| EPS (TTM) | $-0.90 | $-0.91 | · | $-1.01 | $-1.06 | $-1.15 | · | $-2.26 | $-3.98 | $-4.16 | · | $-5.75 | $-4.20 | $-3.93 | · | $-2.19 |
Valuation (TTM)
| 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 | $354M | $351M | · | $347M | $343M | $340M | · | $332M | $327M | $322M | · | $328M | $349M | $369M | · | $366M | |
| Net Income TTM | $-25M | $-25M | · | $-25M | $-26M | $-27M | · | $-53M | $-92M | $-97M | · | $-133M | $-96M | $-90M | · | $-50M | |
| Market Cap | $172M | $169M | · | $222M | $190M | $192M | · | $231M | $193M | $190M | · | $122M | $268M | $289M | · | $556M | |
| P/E | -7.2 | -6.8 | · | -8.1 | -6.6 | -6.2 | · | -4.3 | -2.0 | -1.9 | · | -0.9 | -2.8 | -3.2 | · | -11.1 | |
| P/S | 0.5 | 0.5 | · | 0.6 | 0.6 | 0.6 | · | 0.7 | 0.6 | 0.6 | · | 0.4 | 0.8 | 0.8 | · | 1.5 | |
| P/B | 1.0 | 0.9 | · | 1.1 | 1.0 | 1.0 | · | 1.2 | 1.0 | 1.0 | · | 0.5 | 1.0 | 1.0 | · | 1.6 | |
| P / Tangible Book | 1.3 | 1.2 | · | 1.4 | 1.2 | 1.2 | · | 1.6 | 1.3 | 1.3 | · | 0.7 | 1.1 | 1.2 | · | 2.1 | |
| P / Cash Flow | · | -25.3 | · | · | · | -11.4 | · | · | · | -40.0 | · | · | · | -45.8 | · | · | |
| Earnings Yield | -14.0% | -14.7% | · | -12.4% | -15.1% | -16.1% | · | -23.3% | -48.9% | -51.5% | · | -110.1% | -36.4% | -31.5% | · | -9.0% |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $349M | $336M | $316M | $377M | $358M |
| Gross Margin % | 44.2% | 46.1% | 40.1% | 40.7% | 49.3% |
| Operating Margin % | -8.7% | -12.7% | -34.6% | -22.6% | 2.6% |
| Net Income | $-23M | $-36M | $-102M | $-84M | $-6M |
| Diluted EPS | $-0.86 | $-1.52 | $-4.42 | $-3.67 | $-0.28 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 3.1 | 2.4 | 2.9 | 4.7 | 5.4 |
| Quick Ratio | 2.2 | 1.9 | 2.3 | 3.8 | 4.2 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $-14M | $3M | $-8M | $-41M | $18M |
Institutional owners (13F) 142 filers · $136.8M total · As of Sept. 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.
Holders
142
Value held
$136.8M
New positions
20
Exited positions
13
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 20 (-5 vs prior Q) | 13 (-11 vs prior Q) | 62 (+22 vs prior Q) | 29 (-13 vs prior Q) | +1.2M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| BlackRock, Inc. | $11,280,960 | 1,748,986 | 8.25% | Shares |
| VANGUARD GROUP INC | $9,553,394 | 1,421,636 | 6.98% | Shares |
| ARMISTICE CAPITAL, LLC | $7,069,200 | 1,096,000 | 5.17% | Shares |
| Camber Capital Management LP | $6,854,250 | 975,000 | 5.01% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $6,697,138 | 1,038,316 | 4.90% | Shares |
| AMERIPRISE FINANCIAL INC | $6,340,532 | 983,028 | 4.63% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $6,045,804 | 937,334 | 4.42% | Shares |
| DAFNA Capital Management LLC | $5,451,405 | 845,179 | 3.98% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $4,793,975 | 743,252 | 3.50% | Shares |
| MORGAN STANLEY | $4,168,487 | 646,276 | 3.05% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,138,851 | 641,521 | 3.03% | Shares |
| Kent Lake PR LLC | $4,085,000 | 500,000 | 2.99% | Shares |
| STATE STREET CORP | $3,818,032 | 591,943 | 2.79% | Shares |
| FEDERATED HERMES, INC. | $3,450,338 | 534,936 | 2.52% | Shares |
| JPMORGAN CHASE & CO | $3,328,534 | 480,308 | 2.43% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $3,152,615 | 488,645 | 2.30% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $3,074,715 | 476,700 | 2.25% | Shares |
| GOLDMAN SACHS GROUP INC | $2,809,523 | 435,585 | 2.05% | Shares |
| ExodusPoint Capital Management, LP | $2,540,029 | 393,803 | 1.86% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $2,507,683 | 388,788 | 1.83% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,121,857 | 328,970 | 1.55% | Shares |
| UBS Group AG | $1,945,294 | 301,596 | 1.42% | Shares |
| MOORE CAPITAL MANAGEMENT, LP | $1,864,876 | 289,128 | 1.36% | Shares |
| READYSTATE ASSET MANAGEMENT LP | $1,717,854 | 266,334 | 1.26% | Shares |
| Peapod Lane Capital LLC | $1,694,899 | 262,775 | 1.24% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,630,276 | 252,756 | 1.19% | Shares |
| MACKENZIE FINANCIAL CORP | $1,360,047 | 210,860 | 0.99% | Shares |
| Steward Partners Investment Advisory, LLC | $1,299,872 | 201,531 | 0.95% | Shares |
| NORTHERN TRUST CORP | $1,272,236 | 197,246 | 0.93% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1,258,079 | 195,051 | 0.92% | Shares |
| Nuveen, LLC | $1,196,939 | 185,572 | 0.87% | Shares |
| Cubist Systematic Strategies, LLC | $1,155,189 | 141,394 | 0.84% | Shares |
| Point72 Asset Management, L.P. | $1,105,156 | 171,342 | 0.81% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,056,239 | 163,758 | 0.77% | Shares |
| Monaco Asset Management SAM | $1,036,786 | 160,742 | 0.76% | Shares |
| Quantinno Capital Management LP | $856,089 | 132,727 | 0.63% | Shares |
| Bank of New York Mellon Corp | $763,615 | 118,390 | 0.56% | Shares |
| CREDIT AGRICOLE S A | $722,400 | 112,000 | 0.53% | Shares |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | $602,108 | 93,350 | 0.44% | Shares |
| Assenagon Asset Management S.A. | $560,763 | 86,940 | 0.41% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $478,364 | 74,165 | 0.35% | Shares |
| IEQ CAPITAL, LLC | $474,649 | 73,589 | 0.35% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $415,664 | 64,444 | 0.30% | Shares |
| Campbell & CO Investment Adviser LLC | $411,613 | 63,816 | 0.30% | Shares |
| TWO SIGMA ADVISERS, LP | $408,576 | 60,800 | 0.30% | Shares |
| Invesco Ltd. | $395,952 | 61,388 | 0.29% | Shares |
| AMERICAN CENTURY COMPANIES INC | $392,386 | 60,835 | 0.29% | Shares |
| ALLIANCEBERNSTEIN L.P. | $357,946 | 57,920 | 0.26% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $338,128 | 52,423 | 0.25% | Shares |
| HSBC HOLDINGS PLC | $282,987 | 43,806 | 0.21% | Shares |
Company insiders 39 insiders · 17 officers · 20 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kevin Raymond Merrill Smith | CEO and President | Sept. 1, 2026 A | 134,962 | 0 | 0 | $0 |
| Nabil Shabshab | CEO and President | Sept. 1, 2023 M | 36,991 | 0 | 0 | $0 |
| Scott Wilkinson | President and CEO | Dec. 1, 2020 F | 30,737 | 0 | 0 | $0 |
| Jason Andrew Richardson | EVP, CFO & Treasurer | April 6, 2026 A | · | 0 | 0 | $0 |
| Michael J. Bourque | EVP, CFO & Treasurer | March 1, 2026 M | 94,596 | 0 | 0 | $0 |
| Kristin A. Caltrider | EVP, CFO and Treasurer | Feb. 28, 2023 A | 5,129 | 0 | 0 | $0 |
| Alison Bauerlein | EVP, Finance, & CFO | Dec. 1, 2021 M | 33,902 | 0 | 0 | $0 |
| Andrew P. Reding | EVP, COO | July 6, 2026 A | · | 0 | 0 | $0 |
| Mary E Wright | VP, Chief Accounting Officer | Sept. 1, 2026 A | 20,629 | 0 | 0 | $0 |
| Kevin P. Smith | EVP, Bus Dev, GC & Sec | Sept. 1, 2026 M | 32,972 | 0 | 0 | $0 |
| Boyer Jennifer M Yi | EVP Entrprs Enblmnt, Ch HR Off | July 1, 2026 S | 5,039 | 0 | 2 | $-142,519 |
| Gregoire Ramade | Chief Commercial Officer | March 1, 2026 M | 44,229 | 0 | 0 | $0 |
| Jason Somer | EVP, Gen. Counsel & Secretary | June 1, 2024 M | 4,690 | 0 | 0 | $0 |
| Stanislav Glezer | EVP, R&D & Chief Med. Officer | May 1, 2024 M | 32,049 | 0 | 0 | $0 |
| George J Parr | Chief Commercial Officer | June 1, 2023 M | 8,175 | 0 | 0 | $0 |
| Bart Ben Sanford | EVP, Operations | March 1, 2023 M | 11,260 | 0 | 0 | $0 |
| Brenton Taylor | EVP, Engineering | Sept. 28, 2021 M | 69,735 | 0 | 0 | $0 |
| Mira Kirti Sahney | Director | June 5, 2026 A | 67,805 | 0 | 0 | $0 |
| Vafa Jamali | Director | June 5, 2026 A | 43,081 | 0 | 0 | $0 |
| Mary Kay Ladone | Director | June 5, 2026 A | 104,966 | 0 | 0 | $0 |
| Glenn S Boehnlein | Director | June 5, 2026 A | 104,966 | 0 | 0 | $0 |
| Heather D. Rider | Director | June 5, 2026 A | 116,282 | 0 | 0 | $0 |
| Elizabeth Mora | Director | June 5, 2026 A | 107,261 | 0 | 0 | $0 |
| Kevin M King | Director | June 5, 2026 A | 104,966 | 0 | 0 | $0 |
| Thomas A. West | Director | June 5, 2024 A | 40,677 | 0 | 0 | $0 |
| Kristen Miranda | Director | June 8, 2022 A | 10,738 | 0 | 0 | $0 |
| Ray Benjamin M Anderson | Director | March 3, 2022 S | 0 | 0 | 0 | $0 |
| Loren L Mcfarland | Director | Jan. 11, 2022 M | 22,191 | 0 | 0 | $0 |
| Raymond Huggenberger | Director | Sept. 15, 2021 M | 17,583 | 0 | 0 | $0 |
| Heath Lukatch | Director | May 10, 2021 A | 12,775 | 0 | 0 | $0 |
| Scott R Greer | Director | May 10, 2021 A | 30,775 | 0 | 0 | $0 |
| Charles E Larsen | Director | April 1, 2014 A | 724,014 | 0 | 0 | $0 |
| Stephen E. Cooper | Director | Feb. 20, 2014 C | 22,913 | 0 | 0 | $0 |
| William J Link PHD | Director | Feb. 20, 2014 C | 3,695,816 | 0 | 0 | $0 |
| Novo Holdings A/S | 10% owner | June 2, 2021 S | 2,079,320 | 0 | 0 | $0 |
| Byron Myers | · | March 15, 2021 M | 37,327 | 0 | 0 | $0 |
| Arron Retterer | · | March 1, 2021 A | · | 0 | 0 | $0 |
| Matt Scribner | · | Sept. 17, 2018 M | 5,595 | 0 | 0 | $0 |
| Timothy Petersen | · | Aug. 24, 2015 A | 500 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 20 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 |
|---|---|---|---|---|
| QQQS · Invesco Exchange-Traded Fund Trust … | 0.58% | 22,337 SH | Oct. 2, 2026 | Daily |
| CVAR · ETF Opportunities Trust | 0.40% | 26,722 NS | July 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.03% | 84,579 SH | Sept. 11, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 20,535 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.01% | 31,463 SH | Oct. 2, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 11,822 NS | July 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.00% | 631,919 SH | Sept. 11, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.00% | 2,852 NS | July 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 58,994 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 3,200 NS | July 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 41,509 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 3,394 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 4,800 SH | Sept. 3, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 3,192 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 271,196 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 739,966 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.00% | 142,037 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,612 SH | Aug. 19, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 8 NS | July 31, 2026 | N-PORT |
| IWN · iShares Trust | · | 217,914 SH | Sept. 11, 2026 | Daily |
INGN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$12.00
+101.0%
2 25.0%
Strong Buy
5 62.5%
Buy
1 12.5%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
2 analysts · 2026-10-03Mean target $12.00 +101.0%
Low$12.00
Mean$12.00
High$12.00
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| INGN | $183M | -7.8 | 3.9% | -6.5% | -11.6% | 44.2% |
| PDEX | $187M | 14.2 | 16.4% | 17.6% | 30.6% | 31.4% |
| KRMD | $269M | -96.8 | 22.2% | -6.4% | -15.7% | 62.3% |
| STIM | $95M | -2.3 | 99.2% | -26.2% | -155.7% | 48.5% |
| HSDT | $126M | -1.6 | 1057.1% | -679.6% | -26.6% | 91.7% |
| OWLT | · | -5.5 | 35.4% | · | · | · |
| AGPU | $29M | · | 47.7% | -186053.5% | -1012.1% | · |
| KRMD | $269M | -96.8 | 22.2% | -6.4% | -15.7% | 62.3% |
| LUCD | $143M | -1.1 | 8.3% | -1232.7% | -617.2% | · |
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Source: SEC 10-Q filed Aug 7, 2026