INNV InnovAge Holding Corp. - Common Stock
$11.29
Price · Aug 19, 2026
Fundamentals as of May 8, 2026
52W Range
$3–$13
85% of range
Analyst Rating
HOLD
9 analysts
Price Target
$7
P/E (TTM)
-51.4
ROE
-12.0%
Net Profit Margin
-3.5%
INNV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$11.29
Market Cap
$1.53B
P/E (TTM)
-51.4
EPS (TTM)
$-0.22
Revenue (TTM)
$854M
Div Yield
—
ROE
-12.0%
Debt/Equity
0.3
52W Range
$3 – $13
INNV 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
$854M
2020-06-30
→
2025-06-30
EPS
$-0.22
2020-06-30
→
2025-06-30
Free Cash Flow
$27M
2022-06-30
→
2025-06-30
Margins
-3.5%
2023-06-30
→
2025-06-30
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
INNV
Peer Median
P/E (TTM)
-51.4
55.8
P/S (TTM)
1.8
1.1
P/B
6.5
2.4
EV / EBITDA
-144.9
—
Price / FCF
57.6
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
INNV
Peer Median
Gross Margin
18.0%
28.4%
Operating Margin
-3.5%
—
Net Profit Margin
-3.5%
-3.5%
ROA
-5.6%
-2.8%
ROE
-12.0%
-4.3%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
INNV
Peer Median
Debt / Equity
0.3
8.1
Current Ratio
1.1
1.3
Quick Ratio
0.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
INNV
Peer Median
Revenue YoY
11.8%
—
Revenue CAGR 3Y
6.9%
—
Revenue CAGR 5Y
8.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
INNV
Peer Median
INNV Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
SELL
9 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 5 55.6%
- Sell 2 22.2%
- Strong Sell 2 22.2%
12-Month Price Target
1 analysts · 2026-08-14
Low
$7.00
High
$7.00
Median target
$7.00
-38.0%
Mean target
$7.00
-38.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.05%
Next Report
Sep 07, 2026
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.22 | $0.06 | -0.28% |
| Dec. 31, 2025 | $0.08 | $0.04 | 0.04% |
| Sept. 30, 2025 | $0.06 | $0.01 | 0.05% |
| June 30, 2025 | $-0.01 | $-0.02 | 0.01% |
| March 31, 2025 | $-0.08 | $-0.01 | -0.07% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| INNV | $500M | -16.8 | 11.8% | -3.5% | -12.0% | 18.0% |
| MD | $1.77B | 11.0 | -4.9% | 8.6% | 20.3% | — |
| NEO | $1.51B | -49.0 | 10.1% | -14.8% | -12.8% | 43.2% |
| WGS | — | — | — | — | — | — |
| ASTH | $1.21B | 53.9 | 56.4% | 0.71% | 3.0% | — |
| AGL | $7.14B | — | -2.1% | -6.6% | -146.1% | — |
| OMDA | $922M | -45.1 | 53.2% | -4.9% | -5.8% | 65.7% |
| PNTG | $975M | 33.5 | 36.3% | 3.1% | 8.4% | — |
| AMN | $606M | -6.4 | -8.5% | -3.5% | -15.3% | 28.3% |
| LMRI | — | — | — | — | — | — |
| OPK | — | -4.2 | -14.9% | -37.2% | -17.6% | 33.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $854M | $764M | $688M | $699M | $638M | $567M | |
| Gross Profit | $154M | $132M | $101M | $135M | · | · | |
| SG&A Expense | $122M | $111M | $116M | $102M | $132M | $58M | |
| Operating Expenses | $883M | $787M | $737M | $703M | $650M | $516M | |
| Operating Income | $-30M | $-23M | $-49M | $-4M | $-12M | $51M | |
| Interest Expense | · | · | · | $3M | $17M | $15M | |
| Other Non-op | $2M | $3M | $-1M | $-305.0K | $-2M | $-681.0K | |
| Income Tax | $1M | $1M | $-7M | $723.0K | $10M | $10M | |
| Net Income | $-30M | $-21M | $-41M | $-7M | $-44M | $26M | |
| EPS (Basic) | $-0.22 | $-0.16 | $-0.30 | $-0.05 | $-0.36 | $0.20 | |
| EPS (Diluted) | $-0.22 | $-0.16 | $-0.30 | $-0.05 | $-0.36 | $0.19 | |
| Shares (Basic) | 135,387,555 | 135,902,214 | 135,593,824 | 135,519,970 | 123,618,702 | 132,616,431 | |
| Shares (Diluted) | 135,387,555 | 135,902,214 | 135,593,824 | 135,519,970 | 123,618,702 | 135,233,630 | |
| EBITDA | $-10M | $-4M | $-34M | $10M | · | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $64M | $57M | $127M | $184M | $201M | $113M | |
| Short-term Investments | $42M | $46M | $46M | $0 | · | · | |
| Receivables | $36M | $48M | $24M | $36M | $33M | $46M | |
| Prepaid Expense | $24M | $19M | $17M | $14M | $9M | $4M | |
| Current Assets | $176M | $173M | $215M | $241M | $251M | $167M | |
| PP&E (Net) | · | · | · | $176M | $143M | $102M | |
| PP&E (Gross) | · | · | · | $233M | $187M | $135M | |
| Accum. Depreciation | · | · | · | $57M | $45M | $33M | |
| Goodwill | $142M | $140M | $124M | $124M | $124M | $116M | |
| Intangibles | $4M | $5M | $5M | $6M | $7M | $5M | |
| Total Assets | $527M | $548M | $567M | $556M | $532M | $410M | |
| Accounts Payable | $77M | $55M | $55M | $51M | $32M | $29M | |
| Current Liabilities | $165M | $139M | $148M | $105M | $79M | $77M | |
| Capital Leases | $24M | $26M | $19M | $9M | $5M | · | |
| Deferred Tax | $9M | $7M | $6M | $18M | $16M | $9M | |
| Other Non-current Liabilities | $1M | $1M | $1M | $1M | $3M | $1M | |
| Total Liabilities | $264M | $248M | $253M | $202M | $174M | $302M | |
| Long-term Debt | $60M | $66M | $70M | $74M | $77M | $212M | |
| Total Debt | $60M | $65M | $69M | $72M | · | · | |
| Common Stock | $137.0K | $136.0K | $136.0K | $136.0K | $136.0K | $133.0K | |
| Paid-in Capital | $343M | $338M | $332M | $327M | $324M | $36M | |
| Retained Earnings | $-101M | $-68M | $-36M | $5M | $11M | $65M | |
| Treasury Stock | $8M | $179.0K | $0 | · | · | $193.0K | |
| Stockholders' Equity | $235M | $269M | $296M | $332M | $335M | $101M | |
| Liabilities + Equity | $527M | $548M | $567M | $556M | $532M | $410M | |
| Shares Outstanding | 135,440,292 | 136,116,299 | 135,639,845 | 135,532,811 | 135,516,513 | · |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $20M | $19M | $15M | $14M | $12M | $11M | |
| Stock-based Comp | $8M | $7M | $5M | $4M | $2M | $543.0K | |
| Deferred Tax | $1M | $1M | $-12M | $2M | $6M | $3M | |
| Amort. of Intangibles | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | $600.0K | |
| Other Non-cash | $35M | $-43M | $52M | $14M | · | · | |
| Operating Cash Flow | $33M | $-37M | $20M | $27M | $-8M | $44M | |
| CapEx | $6M | $8M | $23M | $38M | $18M | $12M | |
| Investing Cash Flow | $-6M | $-26M | $-70M | $-40M | $-20M | $-12M | |
| Debt Issued | · | · | · | · | $375M | $25M | |
| Net Debt Issued | $-4M | $-4M | $-4M | $-4M | · | · | |
| Stock Repurchased | · | · | · | · | $78M | · | |
| Dividends Paid | · | · | · | · | $10M | · | |
| Financing Cash Flow | $-19M | $-7M | $-8M | $-6M | $116M | $21M | |
| Net Change in Cash | $7M | $-70M | $-57M | $-19M | $89M | $53M | |
| Free Cash Flow | $27M | $-45M | $-3M | $-11M | · | · |
Profitability 6
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 18.0% | 17.3% | 14.7% | · | · | · | |
| Operating Margin | -3.5% | -3.0% | -7.2% | -0.63% | · | · | |
| Net Margin | -3.5% | -2.8% | -5.9% | -0.93% | · | · | |
| EBITDA Margin | -1.2% | -0.55% | -4.9% | 1.4% | · | · | |
| ROA | -5.6% | -3.8% | -7.2% | -1.2% | · | · | |
| ROE | -12.0% | -7.5% | -12.9% | -2.0% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 1.1 | 1.2 | 1.4 | 2.3 | · | · | |
| Quick Ratio | 0.9 | 1.1 | 1.3 | 2.1 | · | · | |
| Debt / Equity | 0.3 | 0.2 | 0.2 | 0.2 | · | · | |
| LT Debt / Equity | 0.2 | 0.2 | 0.2 | 0.2 | · | · | |
| Interest Coverage | · | · | · | -1.7 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.6 | 1.4 | 1.2 | 1.3 | · | · | |
| Receivables Turnover | 20.2 | 21.1 | 22.8 | 20.4 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | 11.8% | 11.0% | -1.5% | 9.5% | 12.4% | · | |
| Revenue CAGR 3Y | 6.9% | 6.2% | 6.7% | · | · | · | |
| Revenue CAGR 5Y | 8.5% | · | · | · | · | · |
Valuation (TTM) 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $854M | $764M | $688M | $699M | $638M | · | |
| Net Income TTM | $-30M | $-21M | $-41M | $-7M | $-44M | · | |
| Market Cap | $500M | $675M | $1.02B | · | · | · | |
| Enterprise Value | $454M | $638M | $912M | · | · | · | |
| P/E | -16.8 | -31.0 | -25.0 | -87.6 | -59.2 | · | |
| P/S | 0.6 | 0.9 | 1.5 | · | · | · | |
| P/B | 2.1 | 2.5 | 3.4 | · | · | · | |
| P / Tangible Book | 5.6 | 5.4 | 6.1 | · | · | · | |
| P / Cash Flow | 15.2 | -18.3 | 50.3 | · | · | · | |
| P / FCF | 18.8 | -15.1 | -326.3 | · | · | · | |
| EV / EBITDA | -44.2 | -150.7 | -26.9 | · | · | · | |
| EV / FCF | 17.1 | -14.2 | -292.6 | · | · | · | |
| EV / Revenue | 0.5 | 0.8 | 1.3 | · | · | · | |
| Earnings Yield | -6.0% | -3.2% | -4.0% | -1.1% | -1.7% | · | |
| Annual Payout | · | · | · | · | $10M | · |
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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $252M | $240M | $236M | $221M | $218M | $209M | $205M | $199M | $193M | $189M | $182M | $177M | $173M | $167M | $171M | $173M | |
| Gross Profit | $61M | $53M | $51M | $41M | $41M | $37M | $35M | $37M | $34M | $34M | $28M | $29M | $29M | $23M | $21M | $24M | |
| SG&A Expense | $77M | $27M | $30M | $28M | $39M | $28M | $28M | $30M | $28M | $25M | $29M | $29M | $28M | $29M | $30M | $27M | |
| Operating Expenses | $281M | $226M | $228M | $224M | $228M | $222M | $210M | $204M | $199M | $191M | $193M | $188M | $181M | $181M | $188M | $185M | |
| Operating Income | $-29M | $13M | $8M | $-2M | $-10M | $-13M | $-5M | $-5M | $-6M | $-2M | $-11M | $-11M | $-8M | $-14M | $-17M | $-12M | |
| Interest Expense | · | · | · | · | · | · | · | · | $1M | $935.0K | $661.0K | · | $405.0K | $223.0K | $603.0K | · | |
| Other Non-op | $294.0K | $440.0K | $878.0K | $806.0K | $257.0K | $-157.0K | $833.0K | $500.0K | $525.0K | $874.0K | $643.0K | $-2M | $-101.0K | $221.0K | $37.0K | $52.0K | |
| Income Tax | $167.0K | $651.0K | $247.0K | $806.0K | $72.0K | $34.0K | $404.0K | $1M | $-224.0K | $93.0K | $226.0K | $506.0K | $-1M | $-3M | $-3M | $642.0K | |
| Net Income | $-29M | $11M | $8M | $-785.0K | $-11M | $-13M | $-5M | $-2M | $-6M | $-3M | $-10M | $-11M | $-7M | $-10M | $-13M | $-13M | |
| EPS (Basic) | $-0.22 | $0.08 | $0.06 | $0.00 | $-0.08 | $-0.10 | $-0.04 | $-0.01 | $-0.04 | $-0.03 | $-0.08 | $-0.08 | $-0.05 | $-0.07 | $-0.10 | $-0.10 | |
| EPS (Diluted) | $-0.22 | $0.08 | $0.06 | $0.00 | $-0.08 | $-0.10 | $-0.04 | $-0.01 | $-0.04 | $-0.03 | $-0.08 | $-0.08 | $-0.05 | $-0.07 | $-0.10 | $-0.10 | |
| Shares (Basic) | 135,704,645 | 135,686,130 | 135,592,487 | -271,022,262 | 135,200,314 | 135,439,668 | 135,769,835 | -271,684,056 | 135,908,256 | 135,887,613 | 135,790,401 | -271,152,508 | 135,601,327 | 135,578,888 | 135,566,117 | -271,029,664 | |
| Shares (Diluted) | 135,704,645 | 136,351,004 | 136,760,874 | -271,022,262 | 135,200,314 | 135,439,668 | 135,769,835 | -271,684,056 | 135,908,256 | 135,887,613 | 135,790,401 | -271,152,508 | 135,601,327 | 135,578,888 | 135,566,117 | -271,029,664 | |
| EBITDA | $-24M | $18M | $13M | · | $-5M | $-7M | $514.0K | · | $-731.0K | $3M | $-6M | · | $-4M | $-10M | $-13M | · |
Balance Sheet 26
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $96M | $83M | $67M | $64M | $60M | $46M | $39M | $57M | $54M | $54M | $88M | $127M | $122M | $99M | $188M | $184M | |
| Short-term Investments | $43M | $43M | $42M | $42M | $41M | $41M | $47M | $46M | $45M | $45M | $47M | $46M | $46M | $45M | · | $0 | |
| Receivables | $29M | $21M | $23M | $36M | $44M | $50M | $47M | $48M | $36M | $43M | $44M | $24M | $34M | $39M | $38M | $36M | |
| Prepaid Expense | $32M | $31M | $26M | $24M | · | $28M | $23M | $19M | $14M | $14M | $16M | $17M | $14M | $12M | $12M | $14M | |
| Current Assets | $203M | $182M | $162M | $176M | $176M | $168M | $159M | $173M | $153M | $157M | $196M | $215M | $216M | $199M | $243M | $241M | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | · | · | · | $186M | $181M | · | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | · | · | · | · | · | $249M | $241M | · | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | · | · | · | · | · | $64M | $60M | · | |
| Goodwill | $142M | $142M | $142M | $142M | $142M | $140M | $140M | $140M | $140M | $142M | $124M | $124M | $124M | $124M | $124M | $124M | |
| Intangibles | $3M | $4M | $4M | $4M | $4M | $4M | $4M | $5M | $5M | $5M | $5M | $5M | $5M | $6M | $6M | $6M | |
| Total Assets | $547M | $527M | $510M | $527M | $537M | $525M | $528M | $548M | $527M | $534M | $546M | $567M | $569M | $546M | $585M | $556M | |
| Accounts Payable | $106M | $56M | $51M | $77M | $75M | $58M | $46M | $55M | $49M | $52M | $47M | $55M | $48M | $49M | $51M | $51M | |
| Current Liabilities | $196M | $145M | $138M | $165M | $225M | $145M | $131M | $139M | $122M | $123M | $139M | $148M | $138M | $106M | $131M | $105M | |
| Capital Leases | $21M | $22M | $23M | $24M | $24M | $24M | $25M | $26M | $27M | $26M | $18M | $19M | · | · | · | $9M | |
| Deferred Tax | $9M | $9M | $9M | $9M | $8M | $8M | $8M | $7M | $6M | $7M | $6M | $6M | $6M | $11M | $14M | $18M | |
| Other Non-current Liabilities | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Total Liabilities | $288M | $239M | $234M | $264M | $269M | $247M | $237M | $248M | $229M | $231M | $241M | $253M | $244M | $214M | $244M | $202M | |
| Long-term Debt | $58M | $59M | $59M | $60M | $63M | $64M | $64M | $65M | $66M | $67M | $68M | $69M | $69M | $70M | $71M | $72M | |
| Total Debt | $58M | $59M | $59M | · | $63M | $64M | $64M | · | $66M | $67M | $68M | · | $69M | $70M | $71M | · | |
| Common Stock | $137.0K | $137.0K | $137.0K | $137.0K | $136.0K | $136.0K | $136.0K | $136.0K | $136.0K | $136.0K | $136.0K | $136.0K | $136.0K | $136.0K | $136.0K | $136.0K | |
| Paid-in Capital | $348M | $347M | $345M | $343M | $343M | $341M | $339M | $338M | $337M | $335M | $333M | $332M | $331M | $330M | $329M | $327M | |
| Retained Earnings | $-112M | $-82M | $-93M | $-101M | $-98M | $-86M | $-73M | $-68M | $-56M | $-50M | $-46M | $-36M | $-25M | $-18M | $-8M | $5M | |
| Treasury Stock | $8M | $8M | $8M | $8M | $7M | $6M | $5M | $179.0K | · | · | · | $0 | · | · | · | · | |
| Stockholders' Equity | $229M | $257M | $245M | $235M | $238M | $248M | $261M | $269M | $281M | $286M | $287M | $296M | $306M | $312M | $320M | $332M | |
| Liabilities + Equity | $547M | $527M | $510M | $527M | $537M | $525M | $528M | $548M | $527M | $534M | $546M | $567M | $569M | $546M | $585M | $556M | |
| Shares Outstanding | 135,711,147 | 135,699,471 | 135,681,431 | 135,440,292 | 135,078,305 | 135,349,150 | 135,538,698 | 136,116,299 | 135,925,305 | 135,893,070 | 135,884,840 | 135,639,845 | 135,602,464 | 135,596,225 | 135,570,078 | 135,532,811 |
Cash Flow 12
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $5M | $5M | $5M | $3M | $5M | $5M | $5M | $5M | $5M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | |
| Stock-based Comp | $2M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | |
| Amort. of Intangibles | $200.0K | $200.0K | $200.0K | $100.0K | $200.0K | $200.0K | $200.0K | $100.0K | $200.0K | $200.0K | $200.0K | $100.0K | $200.0K | $200.0K | $200.0K | $100.0K | |
| Other Non-cash | · | · | $-11M | · | · | · | $-10M | · | · | · | $-29M | · | · | · | $22M | · | |
| Operating Cash Flow | $18M | $21M | $4M | $9M | $25M | $7M | $-8M | $2M | $4M | $-9M | $-33M | $13M | $29M | $-35M | $13M | $3M | |
| CapEx | $4M | $2M | $4M | $-179.0K | $3M | $1M | $2M | $3M | $452.0K | $2M | $3M | $4M | $5M | $7M | $8M | $18M | |
| Investing Cash Flow | $-4M | $-3M | $-814.0K | $976.0K | $-8M | $4M | $-3M | $934.0K | $-1M | $-23M | $-3M | $-5M | $-5M | $-52M | $-8M | $-17M | |
| Debt Issued | $0 | $0 | $60M | · | $0 | $0 | $0 | · | · | · | · | · | · | · | · | · | |
| Net Debt Issued | · | · | $70.0K | · | · | · | $-949.0K | · | · | · | $-948.0K | · | · | · | $-948.0K | · | |
| Financing Cash Flow | $-2M | $-2M | $-11.0K | $-5M | $-2M | $-4M | $-8M | $44.0K | $-2M | $-2M | $-3M | $-2M | $-2M | $-2M | $-2M | $-2M | |
| Net Change in Cash | $12M | $16M | $3M | $4M | $14M | $7M | $-18M | $3M | $13.0K | $-34M | $-39M | $6M | $22M | $-89M | $4M | $-15M | |
| Free Cash Flow | · | · | $-153.0K | · | · | · | $-10M | · | · | · | $-36M | · | · | · | $5M | · |
Profitability 6
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 24.2% | 22.0% | 21.8% | · | 18.7% | 17.7% | 16.8% | · | 17.6% | 17.8% | 15.3% | · | 16.7% | · | · | · | |
| Operating Margin | -11.5% | 5.5% | 3.5% | · | -4.7% | -6.0% | -2.4% | · | -3.0% | -0.94% | -5.9% | · | -4.7% | -8.2% | -9.7% | · | |
| Net Margin | -11.7% | 4.4% | 3.4% | · | -5.2% | -6.3% | -2.4% | · | -3.0% | -1.8% | -5.7% | · | -3.8% | -5.9% | -7.6% | · | |
| EBITDA Margin | -9.6% | 7.6% | 5.7% | · | -2.2% | -3.5% | 0.25% | · | -0.38% | 1.3% | -3.5% | · | -2.4% | -6.0% | -7.7% | · | |
| ROA | -5.4% | 2.0% | 1.6% | · | -2.1% | -2.5% | -0.92% | · | -1.1% | -0.64% | -1.8% | · | -1.2% | -1.8% | -2.3% | · | |
| ROE | -12.6% | 4.2% | 3.2% | · | -4.4% | -5.0% | -1.8% | · | -2.0% | -1.1% | -3.4% | · | -2.0% | -3.0% | -3.9% | · |
Liquidity & Solvency 5
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.3 | 1.2 | · | 0.8 | 1.2 | 1.2 | · | 1.3 | 1.3 | 1.4 | · | 1.6 | 1.9 | 1.8 | · | |
| Quick Ratio | 0.9 | 1.0 | 1.0 | · | 0.6 | 0.9 | 1.0 | · | 1.1 | 1.2 | 1.3 | · | 1.5 | 1.7 | 1.7 | · | |
| Debt / Equity | 0.3 | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | |
| LT Debt / Equity | 0.2 | 0.2 | 0.2 | · | 0.0 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | -5.7 | -1.9 | -16.2 | · | -20.2 | -61.3 | -27.5 | · |
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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.5 | 0.5 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | |
| Receivables Turnover | 6.9 | 6.7 | 6.8 | · | 5.4 | 4.5 | 4.5 | · | 5.5 | 4.6 | 4.5 | · | 5.2 | 4.7 | 5.2 | · |
Valuation (TTM) 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $946M | $903M | $868M | · | $825M | $796M | $770M | · | $737M | $711M | $694M | · | $689M | $691M | $697M | · | |
| Net Income TTM | $-22M | $-6M | $-22M | · | $-35M | $-27M | $-25M | · | $-26M | $-30M | $-40M | · | $-32M | $-24M | $-7M | · | |
| Market Cap | $1.09B | $704M | $700M | · | $403M | $532M | $813M | · | $604M | $815M | $814M | · | $1.08B | $974M | $797M | · | |
| Enterprise Value | $1.01B | $637M | $650M | · | $364M | $509M | $792M | · | $570M | $784M | $747M | · | $984M | $899M | $680M | · | |
| P/E | -50.1 | -129.8 | -32.2 | · | -11.5 | -18.7 | -31.6 | · | -22.2 | -26.1 | -20.0 | · | -33.2 | -39.9 | -117.6 | · | |
| P/S | 1.2 | 0.8 | 0.8 | · | 0.5 | 0.7 | 1.1 | · | 0.8 | 1.1 | 1.2 | · | 1.6 | 1.4 | 1.1 | · | |
| P/B | 4.8 | 2.7 | 2.9 | · | 1.7 | 2.1 | 3.1 | · | 2.1 | 2.9 | 2.8 | · | 3.5 | 3.1 | 2.5 | · | |
| P / Tangible Book | 13.0 | 6.3 | 7.1 | · | 4.4 | 5.1 | 7.0 | · | 4.4 | 5.9 | 5.2 | · | 6.1 | 5.3 | 4.2 | · | |
| P / Cash Flow | · | · | 178.4 | · | · | · | -108.2 | · | · | · | -24.7 | · | · | · | 60.7 | · | |
| P / FCF | · | · | -4575.9 | · | · | · | -83.7 | · | · | · | -22.9 | · | · | · | 146.0 | · | |
| EV / EBITDA | -41.5 | 35.1 | 48.6 | · | -76.2 | -70.3 | 1540.8 | · | -780.2 | 312.8 | -115.8 | · | -235.6 | -89.7 | -51.6 | · | |
| EV / FCF | · | · | -4247.4 | · | · | · | -81.5 | · | · | · | -21.0 | · | · | · | 124.5 | · | |
| EV / Revenue | 1.1 | 0.7 | 0.7 | · | 0.4 | 0.6 | 1.0 | · | 0.8 | 1.1 | 1.1 | · | 1.4 | 1.3 | 1.0 | · | |
| Earnings Yield | -2.0% | -0.77% | -3.1% | · | -8.7% | -5.3% | -3.2% | · | -4.5% | -3.8% | -5.0% | · | -3.0% | -2.5% | -0.85% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | |
|---|---|---|---|---|---|
| Revenue | $854M | $764M | $688M | $699M | $638M |
| Gross Margin % | 18.0% | 17.3% | 14.7% | — | — |
| Operating Margin % | -3.5% | -3.0% | -7.2% | -0.63% | — |
| Net Income | $-30M | $-21M | $-41M | $-7M | $-44M |
| Diluted EPS | $-0.22 | $-0.16 | $-0.30 | $-0.05 | $-0.36 |
Balance Sheet
| 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.3 | 0.2 | 0.2 | 0.2 | — |
| Current Ratio | 1.1 | 1.2 | 1.4 | 2.3 | — |
| Quick Ratio | 0.9 | 1.1 | 1.3 | 2.1 | — |
Cash Flow
| 2025-06-30 | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $27M | $-45M | $-3M | $-11M | — |
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Institutional owners (13F) 115 filers · $98.6M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 32 (+5 vs prior Q) | 17 (+11 vs prior Q) | 41 (+9 vs prior Q) | 23 (-1 vs prior Q) | +1.6M |
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 |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $11,082,878 | 935,264 | 11.24% | Shares |
| Kent Lake PR LLC | $8,976,775 | 1,739,685 | 9.10% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $7,924,593 | 668,742 | 8.04% | Shares |
| ALGERT GLOBAL LLC | $7,471,662 | 630,520 | 7.58% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $6,177,074 | 521,119 | 6.26% | Shares |
| STATE STREET CORP | $5,470,624 | 461,656 | 5.55% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $4,447,281 | 375,298 | 4.51% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $3,727,832 | 314,585 | 3.78% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $2,958,151 | 249,633 | 3.00% | Shares |
| RITHOLTZ WEALTH MANAGEMENT | $2,887,051 | 243,633 | 2.93% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $2,414,852 | 203,785 | 2.45% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2,210,973 | 186,580 | 2.24% | Shares |
| Qube Research & Technologies Ltd | $1,856,196 | 156,641 | 1.88% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,849,595 | 156,084 | 1.88% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,800,216 | 151,917 | 1.83% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,763,754 | 148,840 | 1.79% | Shares |
| GOLDMAN SACHS GROUP INC | $1,707,182 | 144,066 | 1.73% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,701,491 | 212,156 | 1.73% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $1,692,441 | 142,822 | 1.72% | Shares |
| Inspire Investing, LLC | $1,590,526 | 198,320 | 1.61% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,442,915 | 121,765 | 1.46% | Shares |
| TWO SIGMA INVESTMENTS, LP | $1,360,356 | 114,798 | 1.38% | Shares |
| FEDERATED HERMES, INC. | $1,164,725 | 98,289 | 1.18% | Shares |
| JANUS HENDERSON GROUP PLC | $971,358 | 121,117 | 0.98% | Shares |
| STRS OHIO | $827,130 | 69,800 | 0.84% | Shares |
| GWN SECURITIES INC. | $810,576 | 68,403 | 0.82% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $749,619 | 63,259 | 0.76% | Shares |
| Man Group plc | $702,136 | 59,252 | 0.71% | Shares |
| Trexquant Investment LP | $701,816 | 59,225 | 0.71% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $655,755 | 55,338 | 0.66% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $619,933 | 52,315 | 0.63% | Shares |
| XTX Topco Ltd | $579,678 | 48,918 | 0.59% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $570,755 | 48,165 | 0.58% | Shares |
| Verdad Advisers, LP | $499,347 | 42,139 | 0.51% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $425,498 | 35,907 | 0.43% | Shares |
| Integrated Quantitative Investments LLC | $407,972 | 34,428 | 0.41% | Shares |
| UBS Group AG | $386,049 | 32,578 | 0.39% | Shares |
| AMERICAN CENTURY COMPANIES INC | $372,552 | 31,439 | 0.38% | Shares |
| Arlington Capital Management, Inc. | $351,921 | 29,698 | 0.36% | Shares |
| CITADEL ADVISORS LLC | $334,170 | 28,200 | 0.34% | Call option |
| PRELUDE CAPITAL MANAGEMENT, LLC | $300,552 | 25,363 | 0.30% | Shares |
| RHUMBLINE ADVISERS | $290,612 | 24,525 | 0.29% | Shares |
| AMERIPRISE FINANCIAL INC | $287,588 | 24,269 | 0.29% | Shares |
| Brevan Howard Capital Management LP | $245,603 | 20,726 | 0.25% | Shares |
| WELLS FARGO & COMPANY/MN | $237,379 | 20,032 | 0.24% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $230,874 | 19,483 | 0.23% | Shares |
| Point72 Asset Management, L.P. | $225,316 | 19,014 | 0.23% | Shares |
| Corient Private Wealth LP | $217,353 | 18,342 | 0.22% | Shares |
| D'Orazio & Associates, Inc. | $209,402 | 17,671 | 0.21% | Shares |
| VIRTUS ADVISERS, LLC | $206,510 | 17,427 | 0.21% | Shares |
| Kathmere Capital Management, LLC | $182,834 | 15,429 | 0.19% | Shares |
| BANK OF AMERICA CORP /DE/ | $180,902 | 15,266 | 0.18% | Shares |
| Schonfeld Strategic Advisors LLC | $152,047 | 12,831 | 0.15% | Shares |
| BlackRock, Inc. | $148,220 | 12,508 | 0.15% | Shares |
| MetLife Investment Management, LLC | $144,440 | 12,189 | 0.15% | Shares |
| MIRABELLA FINANCIAL SERVICES LLP | $143,658 | 12,123 | 0.15% | Shares |
| NewEdge Advisors, LLC | $142,022 | 11,985 | 0.14% | Shares |
| Bank of New York Mellon Corp | $135,386 | 11,425 | 0.14% | Shares |
| FRANKLIN RESOURCES INC | $121,463 | 10,250 | 0.12% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $119,827 | 10,112 | 0.12% | Shares |
| CITIGROUP INC | $106,863 | 9,018 | 0.11% | Shares |
| JPMORGAN CHASE & CO | $105,697 | 9,104 | 0.11% | Shares |
| Invesco Ltd. | $103,036 | 8,695 | 0.10% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $95,582 | 8,066 | 0.10% | Shares |
| Vanguard Global Advisers, LLC | $78,826 | 6,652 | 0.08% | Shares |
| T. Rowe Price Investment Management, Inc. | $72,571 | 6,124,069 | 0.07% | Shares |
| Police & Firemen's Retirement System of New Jersey | $58,989 | 4,978 | 0.06% | Shares |
| FMR LLC | $56,951 | 4,806 | 0.06% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $45,148 | 3,810 | 0.05% | Shares |
| NORTHERN TRUST CORP | $40,954 | 3,456 | 0.04% | Shares |
| VANGUARD GROUP INC | $34,524 | 6,652 | 0.04% | Shares |
| BARCLAYS PLC | $32,955 | 2,781 | 0.03% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $31,545 | 2,662 | 0.03% | Shares |
| Legal & General Group Plc | $25,393 | 2,142 | 0.03% | Shares |
| CWM, LLC | $21,574 | 2,690 | 0.02% | Shares |
| Costello Asset Management, INC | $18,368 | 1,550 | 0.02% | Shares |
| Ameritas Investment Partners, Inc. | $17,028 | 1,437 | 0.02% | Shares |
| Russell Investments Group, Ltd. | $13,746 | 1,160 | 0.01% | Shares |
| Tower Research Capital LLC (TRC) | $13,379 | 1,129 | 0.01% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $8,782 | 1,095 | 0.01% | Shares |
| Nuveen, LLC | $8,331 | 703 | 0.01% | Shares |
| ROYAL BANK OF CANADA | $8,000 | 657 | 0.01% | Shares |
| Integrated Wealth Concepts LLC | $5,454 | 460 | 0.01% | Shares |
| Quarry LP | $5,107 | 431 | 0.01% | Shares |
| Arax Advisory Partners | $5,060 | 427 | 0.01% | Shares |
| SUMMIT SECURITIES GROUP LLC | $4,989 | 421 | 0.01% | Shares |
| DEUTSCHE BANK AG\ | $4,835 | 408 | 0.00% | Shares |
| ACADIAN ASSET MANAGEMENT LLC | $4,625 | 390,850 | 0.00% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $4,266 | 360 | 0.00% | Shares |
| Nuveen Asset Management, LLC | $2,763 | 703 | 0.00% | Shares |
| OSAIC HOLDINGS, INC. | $2,133 | 180 | 0.00% | Shares |
| WELCH CAPITAL PARTNERS LLC/NY | $1,616 | 136,408 | 0.00% | Shares |
| GAMMA Investing LLC | $1,505 | 127 | 0.00% | Shares |
| Allworth Financial LP | $1,422 | 120 | 0.00% | Shares |
| Essential Partners LLC | $1,280 | 108 | 0.00% | Shares |
| SG Americas Securities, LLC | $1,010 | 85,215 | 0.00% | Shares |
| Sterling Capital Management LLC | $912 | 77 | 0.00% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $877 | 74 | 0.00% | Shares |
| MORGAN STANLEY | $664 | 56 | 0.00% | Shares |
| SJS Investment Consulting Inc. | $640 | 54 | 0.00% | Shares |
Company insiders 19 insiders · 10 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Patrick T Blair | CHIEF EXECUTIVE OFFICER | July 27, 2026 A | 751,047 | 0 | 0 | $0 |
| Maureen Hewitt | CEO, President and Director | March 12, 2021 P | 9,350 | 0 | 0 | $0 |
| Benjamin C Adams | CHIEF FINANCIAL OFFICER | July 22, 2026 A | 17,123 | 0 | 0 | $0 |
| Barbara Gutierrez | Chief Financial Officer | March 12, 2021 P | 2,000 | 0 | 0 | $0 |
| Jennifer Browne | President and COO | June 8, 2026 A | 67,842 | 0 | 0 | $0 |
| Meredith Delk | Chief Administrative Officer | July 22, 2026 A | 42,808 | 0 | 0 | $0 |
| Nicole Damato | CHIEF LEGAL OFFICER | July 22, 2026 A | 328,711 | 0 | 0 | $0 |
| Richard Feifer | CHIEF MEDICAL OFFICER | Aug. 15, 2023 F | 135,008 | 0 | 0 | $0 |
| Christine Bent | CHIEF OPERATIONS OFFICER | June 6, 2023 A | 134,295 | 0 | 0 | $0 |
| Robin Doerr | Chief Sales and MKTG Officer | March 15, 2021 P | 1,875 | 0 | 0 | $0 |
| Patricia Fontneau | Director | July 1, 2026 A | 70,664 | 0 | 0 | $0 |
| Edward Moore Kennedy Jr. | Director | July 1, 2026 A | 76,696 | 0 | 0 | $0 |
| Teresa Sparks | Director | July 1, 2026 A | 67,665 | 0 | 0 | $0 |
| John Ellis Bush | Director | July 1, 2026 A | 53,696 | 0 | 0 | $0 |
| Marilyn B Tavenner | Director | July 1, 2026 A | 53,696 | 0 | 0 | $0 |
| Richard C Zoretic | Director | July 1, 2026 A | 102,349 | 0 | 0 | $0 |
| CARLSON JAMES G | Director | July 1, 2026 A | 95,889 | 0 | 0 | $0 |
| Thomas Scully | Director | Sept. 15, 2022 P | 100,000 | 0 | 0 | $0 |
| TCO GROUP HOLDINGS, L.P. | 10% owner | Feb. 22, 2024 J | 112,988,070 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 26 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 |
|---|---|---|---|---|
| JSML · Janus Detroit Street Trust | 0.29% | 113,558 NS | April 30, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.07% | 26,504 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 5,256 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 23,764 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.02% | 201,241 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 126,360 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.01% | 8,280 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 571,030 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 25,474 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 105,021 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 8,859 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.00% | 953 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.00% | 928 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 105,592 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 745 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 755 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,173 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 3,933 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 2,296 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 19 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 12,684 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 250,358 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 665,122 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,793 SH | Aug. 8, 2026 | Daily |
| EBI · RBB Fund Trust | 0.00% | 7 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 120 NS | April 30, 2026 | N-PORT |