JBGS JBG SMITH Properties Common Shares
JBGS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
JBGS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| Aug. 13, 2026 | $0.1750 |
| May 14, 2026 | $0.1750 |
| Dec. 30, 2025 | $0.1750 |
| Nov. 6, 2025 | $0.1750 |
| Aug. 7, 2025 | $0.1750 |
| May 8, 2025 | $0.1750 |
| Dec. 30, 2024 | $0.1750 |
| Nov. 7, 2024 | $0.1750 |
| Aug. 7, 2024 | $0.1750 |
| May 9, 2024 | $0.1750 |
| Feb. 29, 2024 | $0.1750 |
| Nov. 16, 2023 | $0.2250 |
| Aug. 16, 2023 | $0.2250 |
| June 22, 2023 | $0.2250 |
| Dec. 28, 2022 | $0.2250 |
| Nov. 7, 2022 | $0.2250 |
| Aug. 11, 2022 | $0.2250 |
| May 12, 2022 | $0.2250 |
| Dec. 29, 2021 | $0.2250 |
| Nov. 9, 2021 | $0.2250 |
JBGS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 3 37.5%
- Sell 3 37.5%
- Strong Sell 2 25.0%
12-Month Price Target
2 analysts · 2026-08-14Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $0.17 | — | — |
| Dec. 31, 2025 | $0.17 | $-0.48 | 0.65% |
| Sept. 30, 2025 | $-0.41 | $-0.50 | 0.09% |
| June 30, 2025 | $0.22 | $-0.55 | 0.77% |
| March 31, 2025 | $0.17 | $-0.48 | 0.65% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| JBGS | — | -8.1 | -8.9% | -27.9% | -11.2% | — |
| DEA | $981M | 78.5 | 11.3% | 3.9% | 0.98% | — |
| ESRT | — | 26.1 | 0.05% | 9.5% | 7.0% | — |
| HPP | $587M | -0.8 | -1.3% | -71.3% | -20.3% | 48.5% |
| PSTL | — | 34.3 | 25.5% | 14.8% | 5.3% | — |
| BDN | $507M | -2.8 | -4.2% | -36.8% | -19.5% | 61.8% |
| NLOP | $382M | -2.6 | -16.4% | -122.2% | -33.2% | — |
| ONL | $127M | -0.9 | -10.4% | -94.3% | -20.1% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $499M | $547M | $604M | $606M | $634M | $603M | $648M | $644M | $543M | $479M | |
| Operating Expenses | $507M | $546M | $565M | $590M | $645M | $640M | $625M | $618M | $595M | $366M | |
| Operating Income | · | · | · | · | · | · | · | · | $-52M | $113M | |
| Interest Expense | · | · | $109M | $76M | $68M | $62M | $53M | $74M | $58M | $52M | |
| Other Non-op | $-164M | $-179M | $-131M | $84M | $-75M | $-34M | $50M | $20M | $-37M | $-50M | |
| Pretax Income | $-172M | $-177M | $-92M | $100M | $-86M | $-72M | $73M | $46M | $-89M | $63M | |
| Income Tax | $-4M | $762.0K | $-296.0K | $1M | $4M | $-4M | $-1M | $-738.0K | $-10M | $1M | |
| Net Income | $-139M | $-144M | $-80M | $85M | $-79M | $-62M | $66M | $40M | $-72M | $62M | |
| EPS (Basic) | $-2.09 | $-1.65 | $-0.78 | $0.70 | $-0.63 | $-0.49 | $0.48 | $0.31 | $-0.70 | $0.62 | |
| EPS (Diluted) | $-2.09 | $-1.65 | $-0.78 | $0.70 | $-0.63 | $-0.49 | $0.48 | $0.31 | $-0.70 | $0.62 | |
| Shares (Basic) | 67,361,000 | 88,330,000 | 105,095,000 | 119,005,000 | 130,839,000 | 133,451,000 | 130,687,000 | 119,176,000 | 105,359,000 | · | |
| Shares (Diluted) | 67,361,000 | 88,330,000 | 105,095,000 | 119,005,000 | 130,839,000 | 133,451,000 | 130,687,000 | 119,176,000 | 105,359,000 | 100,571,000 | |
| EBITDA | $197M | $215M | $216M | $218M | $240M | $226M | $196M | $216M | $112M | · |
Balance Sheet 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $75M | $146M | $165M | $241M | $264M | $226M | $126M | $261M | $317M | $29M | |
| Intangibles | $30M | $47M | $57M | $68M | $202M | $41M | $24M | $34M | $126M | $3M | |
| Total Assets | $4.39B | $5.02B | $5.52B | $5.90B | $6.39B | $6.08B | $5.99B | $6.00B | $6.07B | $3.66B | |
| Deferred Tax | · | $4M | $3M | $5M | $5M | $3M | $6M | $7M | $8M | $0 | |
| Total Liabilities | $2.72B | $2.79B | $2.83B | $2.71B | $2.93B | $2.34B | $1.99B | $2.45B | $2.49B | $1.54B | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | $1.17B | |
| Common Stock | · | $846.0K | $944.0K | $1M | $1M | $1M | $1M | $1M | $1M | $0 | |
| Paid-in Capital | $2.34B | $2.79B | $2.98B | $3.26B | $3.54B | $3.66B | $3.63B | $3.16B | $3.06B | $0 | |
| Retained Earnings | $-1.18B | $-997M | $-777M | $-629M | $-609M | $-413M | $-231M | $-176M | $-96M | $0 | |
| AOCI | $-2M | $15M | $20M | $46M | $-16M | $-40M | $-17M | $7M | $2M | · | |
| Stockholders' Equity | $1.16B | $1.81B | $2.25B | $2.71B | $2.92B | $3.21B | $3.39B | $2.99B | $2.97B | $2.12B | |
| Liabilities + Equity | $4.39B | $5.02B | $5.52B | $5.90B | $6.39B | $6.08B | $5.99B | $6.00B | $6.07B | $3.66B | |
| Shares Outstanding | · | 84,500,000 | 94,309,000 | 114,013,000 | 127,378,000 | 131,778,000 | 134,148,000 | 120,937,000 | 117,955,000 | 0 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $197M | $215M | $216M | $218M | $240M | $226M | $196M | $216M | $165M | $135M | |
| Stock-based Comp | $25M | $30M | $32M | $41M | $52M | $66M | $65M | $53M | $34M | $5M | |
| Deferred Tax | $-4M | $591.0K | $-2M | $-437.0K | $3M | $-3M | $-1M | $-718.0K | $-10M | $0 | |
| Amort. of Intangibles | · | · | · | · | $11M | $13M | $16M | $22M | $15M | $740.0K | |
| Restructuring | · | · | · | · | $1M | $4M | $5M | $16M | $128M | · | |
| Other Non-cash | $-6M | $28M | $17M | $-166M | $2M | $-57M | $-151M | $-119M | $-42M | · | |
| Operating Cash Flow | $73M | $129M | $183M | $178M | $218M | $169M | $174M | $188M | $74M | $160M | |
| Investing Cash Flow | $357M | $144M | $-98M | $524M | $-369M | $-168M | $-241M | $66M | $-8M | $-259M | |
| Stock Issued | · | · | · | · | · | · | $473M | $0 | $0 | · | |
| Stock Repurchased | $444M | $171M | $335M | $361M | $158M | $105M | · | · | · | · | |
| Net Stock Activity | $-444M | $-171M | $-335M | $-361M | $-158M | $-105M | $473M | · | · | · | |
| Dividends Paid | $48M | $62M | $94M | $108M | $118M | $120M | $130M | $107M | $27M | $0 | |
| Financing Cash Flow | $-510M | $-291M | $-159M | $-730M | $190M | $119M | $-190M | $-194M | $240M | $51M | |
| Net Change in Cash | $-80M | $-17M | $-74M | $-28M | $39M | $121M | $-257M | $61M | $306M | $-48M | |
| Taxes Paid | $61.0K | $117.0K | $2M | $1M | $815.0K | $-1M | $282.0K | $2M | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | · | · | · | · | -9.6% | · | |
| Net Margin | -27.9% | -26.2% | -13.2% | 14.1% | -12.5% | -10.3% | 10.1% | 6.2% | -13.2% | · | |
| Pretax Margin | -34.5% | -32.3% | -15.2% | 16.6% | -13.6% | -11.9% | 11.2% | 7.1% | -16.4% | · | |
| EBITDA Margin | 39.6% | 39.3% | 35.7% | 36.0% | 37.9% | 37.4% | 30.2% | 33.5% | 20.7% | · | |
| ROA | -3.0% | -2.7% | -1.4% | 1.4% | -1.3% | -1.0% | 1.1% | 0.66% | -1.5% | · | |
| ROE | -11.2% | -7.8% | -3.2% | 3.0% | -2.6% | -1.9% | 2.1% | 1.3% | -2.8% | · | |
| ROIC | · | · | · | · | · | · | · | · | -1.6% | · |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | · | -0.9 | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | · |
Growth Rates 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -8.9% | -9.4% | -0.27% | -4.5% | 5.2% | · | · | · | · | · | |
| Revenue CAGR 3Y | -6.3% | -4.8% | 0.08% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -3.7% | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -16.6% | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $499M | $547M | $604M | $606M | $634M | $603M | $648M | $644M | $543M | · | |
| Net Income TTM | $-139M | $-144M | $-80M | $85M | $-79M | $-62M | $66M | $40M | $-72M | · | |
| Market Cap | · | $1.30B | $1.60B | $2.16B | $3.66B | $4.12B | $5.35B | $4.21B | $4.10B | · | |
| P/E | -8.1 | -9.3 | -21.8 | 27.1 | -45.6 | -63.8 | 83.1 | 112.3 | -49.6 | · | |
| P/S | · | 2.4 | 2.7 | 3.6 | 5.8 | 6.8 | 8.3 | 6.5 | 7.5 | · | |
| P/B | · | 0.7 | 0.7 | 0.8 | 1.3 | 1.3 | 1.6 | 1.4 | 1.4 | · | |
| P / Tangible Book | · | 0.7 | 0.7 | 0.8 | 1.3 | 1.3 | · | · | · | · | |
| P / Cash Flow | · | 10.0 | 8.7 | 12.2 | 16.8 | 24.4 | 30.8 | 22.4 | 55.2 | · | |
| Dividend Yield | · | 4.8% | 5.9% | 5.0% | 3.2% | 2.9% | 2.4% | 2.5% | 0.65% | · | |
| Earnings Yield | -12.3% | -10.7% | -4.6% | 3.7% | -2.2% | -1.6% | 1.2% | 0.89% | -2.0% | · | |
| Payout Ratio | -34.8% | -43.2% | -117.5% | 126.1% | -149.0% | -192.6% | 198.0% | 268.9% | -37.0% | · | |
| Annual Payout | $48M | $62M | $94M | $108M | $118M | $120M | $130M | $107M | $27M | · |
Income Statement 12
| 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 | $129M | $128M | $128M | $124M | $126M | $121M | $131M | $136M | $135M | $145M | $148M | $152M | $152M | $153M | $151M | $148M | |
| Operating Expenses | $126M | $136M | $127M | $125M | $128M | $127M | $133M | $130M | $138M | $145M | $141M | $137M | $140M | $147M | $148M | $137M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $30M | · | $28M | $26M | $27M | · | $18M | |
| Other Non-op | $-76M | $-15M | $-61M | $-33M | $-22M | $-48M | $-68M | $-37M | $-30M | $-44M | $-45M | $-81M | $-23M | $18M | $-25M | $-32M | |
| Pretax Income | $-72M | $-23M | $-61M | $-34M | $-23M | $-54M | $-70M | $-30M | $-33M | $-44M | $-39M | $-66M | $-12M | $24M | $-22M | $-21M | |
| Income Tax | $0 | $7.0K | $-4M | $926.0K | $-83.0K | $-200.0K | $802.0K | $831.0K | $597.0K | $-1M | $-968.0K | $77.0K | $611.0K | $-16.0K | $-1M | $166.0K | |
| Net Income | $-59M | $-19M | $-46M | $-29M | $-19M | $-46M | $-60M | $-27M | $-24M | $-32M | $-33M | $-58M | $-11M | $21M | $-19M | $-19M | |
| EPS (Basic) | $-1.03 | $-0.32 | $-0.76 | $-0.48 | $-0.29 | $-0.56 | $-0.70 | $-0.32 | $-0.27 | $-0.36 | $-0.29 | $-0.58 | $-0.10 | $0.19 | $-0.16 | $-0.17 | |
| EPS (Diluted) | $-1.03 | $-0.32 | $-0.76 | $-0.48 | $-0.29 | $-0.56 | $-0.70 | $-0.32 | $-0.27 | $-0.36 | $-0.29 | $-0.58 | $-0.10 | $0.19 | $-0.16 | $-0.17 | |
| Shares (Basic) | 58,284,000 | 59,073,000 | -143,053,000 | 60,606,000 | 68,287,000 | 81,521,000 | -180,627,000 | 85,292,000 | 91,030,000 | 92,635,000 | -220,097,000 | 101,445,000 | 109,695,000 | 114,052,000 | -243,353,000 | 114,360,000 | |
| Shares (Diluted) | 58,284,000 | 59,073,000 | -143,053,000 | 60,606,000 | 68,287,000 | 81,521,000 | -180,627,000 | 85,292,000 | 91,030,000 | 92,635,000 | -220,097,000 | 101,445,000 | 109,695,000 | 114,052,000 | -243,353,000 | 114,360,000 | |
| EBITDA | · | $47M | · | · | · | $49M | · | · | · | $58M | · | · | · | $55M | · | · |
Balance Sheet 12
| 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 | $75M | $80M | $75M | $64M | $61M | $81M | $146M | $137M | $164M | $221M | $165M | $131M | $157M | $280M | $241M | $259M | |
| Intangibles | $11M | $29M | $30M | $52M | $53M | $46M | $47M | $49M | $52M | $54M | · | $140M | $144M | $149M | · | $156M | |
| Total Assets | $4.26B | $4.34B | $4.39B | $4.42B | $4.55B | $4.73B | $5.02B | $5.18B | $5.33B | $5.41B | · | $5.67B | $5.78B | $5.84B | · | $5.90B | |
| Deferred Tax | · | · | · | $4M | $4M | $4M | $4M | $3M | $2M | $2M | · | $5M | $5M | $5M | · | $6M | |
| Total Liabilities | $2.69B | $2.70B | $2.72B | $2.66B | $2.68B | $2.74B | $2.79B | $2.84B | $2.85B | $2.80B | · | $2.82B | $2.74B | $2.64B | · | $2.62B | |
| Common Stock | · | · | · | $594.0K | $620.0K | $731.0K | · | $845.0K | $874.0K | $919.0K | · | $978.0K | $1M | $1M | · | $1M | |
| Paid-in Capital | $2.33B | $2.34B | $2.34B | $2.31B | $2.40B | $2.61B | $2.79B | $2.79B | $2.86B | $2.94B | · | $3.04B | $3.16B | $3.28B | · | $3.27B | |
| Retained Earnings | $-1.27B | $-1.20B | $-1.18B | $-1.11B | $-1.07B | $-1.04B | $-997M | $-908M | $-866M | $-825M | · | $-723M | $-642M | $-607M | · | $-559M | |
| AOCI | $6M | $2M | $-2M | $-1M | $-404.0K | $6M | $15M | $-477.0K | $29M | $31M | · | $52M | $43M | $32M | · | $47M | |
| Stockholders' Equity | $1.07B | $1.14B | $1.16B | $1.19B | $1.32B | $1.57B | $1.81B | $1.88B | $2.02B | $2.15B | $2.25B | $2.37B | $2.56B | $2.71B | · | $2.75B | |
| Liabilities + Equity | $4.26B | $4.34B | $4.39B | $4.42B | $4.55B | $4.73B | $5.02B | $5.18B | $5.33B | $5.41B | · | $5.67B | $5.78B | $5.84B | · | $5.90B | |
| Shares Outstanding | · | · | · | 59,302,000 | 61,945,000 | 73,033,000 | · | 84,434,000 | 87,306,000 | 91,819,000 | · | 97,717,000 | 105,139,000 | 113,583,000 | 114,013,000 | 113,764,000 |
Cash Flow 11
| 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 | $47M | $47M | $49M | $50M | $49M | $49M | $52M | $52M | $53M | $58M | $59M | $52M | $50M | $55M | $57M | $51M | |
| Stock-based Comp | $9M | $8M | $5M | $5M | $8M | $7M | $3M | $5M | $11M | $10M | $5M | $6M | $10M | $10M | $9M | $7M | |
| Other Non-cash | · | $-33M | · | · | · | $2M | · | · | · | $1M | · | · | · | $-44M | · | · | |
| Operating Cash Flow | $16M | $3M | $33M | $9M | $19M | $13M | $42M | $26M | $24M | $37M | $68M | $25M | $47M | $43M | $48M | $23M | |
| Investing Cash Flow | $-17M | $24M | $-40M | $126M | $109M | $161M | $62M | $20M | $-62M | $124M | $25M | $12M | $-109M | $-27M | $-150M | $-111M | |
| Stock Repurchased | $3M | $25M | $8M | $63M | $225M | $148M | $2M | $52M | $67M | $49M | $61M | $118M | $136M | $20M | $0 | $64M | |
| Net Stock Activity | · | $-25M | · | · | · | $-148M | · | · | · | $-49M | · | · | · | $-20M | · | · | |
| Dividends Paid | $10M | $10M | $10M | $11M | $12M | $15M | $15M | $15M | $16M | $16M | $22M | $23M | $24M | $26M | $26M | $26M | |
| Financing Cash Flow | $-6M | $-16M | $23M | $-138M | $-158M | $-237M | $-91M | $-83M | $-17M | $-101M | $-62M | $-72M | $-57M | $32M | $-95M | $185M | |
| Net Change in Cash | $-7M | $12M | $16M | $-3M | $-29M | $-63M | $13M | $-36M | $-54M | $60M | $32M | $-34M | $-119M | $48M | $-198M | $97M | |
| Taxes Paid | $0 | $7.0K | · | · | $-24.0K | $85.0K | · | · | · | · | · | · | · | · | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -45.7% | -14.6% | · | -23.1% | -15.2% | -37.9% | · | -19.8% | -18.0% | -22.2% | · | -38.3% | -6.9% | 13.8% | · | -13.1% | |
| Pretax Margin | -56.0% | -18.1% | · | -27.5% | -18.4% | -44.7% | · | -22.4% | -24.2% | -30.1% | · | -43.6% | -7.7% | 15.9% | · | -14.5% | |
| EBITDA Margin | · | 37.0% | · | · | · | 41.0% | · | · | · | 40.3% | · | · | · | 35.7% | · | · | |
| ROA | -1.3% | -0.41% | · | -0.59% | -0.39% | -0.90% | · | -0.50% | -0.44% | -0.57% | · | -1.0% | -0.19% | 0.35% | · | -0.32% | |
| ROE | -5.0% | -1.4% | · | -1.9% | -1.1% | -2.5% | · | -1.3% | -1.1% | -1.3% | · | -2.3% | -0.39% | 0.76% | · | -0.66% |
Efficiency 1
| 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 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 10
| 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 | $507M | $499M | · | $507M | $519M | $537M | · | $568M | $584M | $602M | · | $604M | $598M | $608M | · | $612M | |
| Net Income TTM | $-126M | $-112M | · | $-120M | $-116M | $-129M | · | $-142M | $-125M | $-80M | · | $-67M | $115M | $125M | · | $105M | |
| Market Cap | · | · | · | $1.32B | $1.07B | $1.18B | · | $1.48B | $1.33B | $1.47B | · | $1.41B | $1.58B | $1.71B | · | $2.11B | |
| P/E | -6.9 | -8.9 | · | -13.5 | -12.0 | -10.7 | · | -11.4 | -11.6 | -18.9 | · | -21.9 | 16.0 | · | · | · | |
| P/S | · | · | · | 2.6 | 2.1 | 2.2 | · | 2.6 | 2.3 | 2.4 | · | 2.3 | 2.6 | 2.8 | · | 3.5 | |
| P/B | · | · | · | 1.1 | 0.8 | 0.7 | · | 0.8 | 0.7 | 0.7 | · | 0.6 | 0.6 | 0.6 | · | 0.8 | |
| P / Tangible Book | · | · | · | 1.2 | 0.8 | 0.8 | · | 0.8 | 0.7 | 0.7 | · | 0.6 | 0.7 | 0.7 | · | 0.8 | |
| P / Cash Flow | · | · | · | · | · | 91.0 | · | · | · | 39.8 | · | · | · | 40.1 | · | · | |
| Earnings Yield | -14.4% | -11.3% | · | -7.4% | -8.3% | -9.4% | · | -8.8% | -8.6% | -5.3% | · | -4.6% | 6.2% | · | · | · | |
| Payout Ratio | · | -55.7% | · | · | · | -32.3% | · | · | · | -49.8% | · | · | · | 121.2% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $499M | $547M | $604M | $606M | $634M |
| Net Income | $-139M | $-144M | $-80M | $85M | $-79M |
| Diluted EPS | $-2.09 | $-1.65 | $-0.78 | $0.70 | $-0.63 |
My Metrics Your personal watchlist — selected rows from Full Fundamentals
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 223 filers · $528.6M 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.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 34 (-3 vs prior Q) | 31 (+5 vs prior Q) | 52 (-5 vs prior Q) | 65 (-3 vs prior Q) | +1.5M |
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 PORTFOLIO MANAGEMENT LLC | $90,398,785 | 6,162,153 | 17.10% | Shares |
| Long Pond Capital, LP | $59,032,359 | 4,024,019 | 11.17% | Shares |
| STATE STREET CORP | $53,169,933 | 3,624,399 | 10.06% | Shares |
| CITIGROUP INC | $42,434,567 | 2,892,609 | 8.03% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $38,217,301 | 2,605,133 | 7.23% | Shares |
| PRIVATE MANAGEMENT GROUP INC | $24,613,458 | 1,677,809 | 4.66% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $22,541,301 | 1,536,238 | 4.26% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $21,348,341 | 1,455,238 | 4.04% | Shares |
| Allianz Asset Management GmbH | $18,068,555 | 1,231,667 | 3.42% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $11,823,859 | 805,989 | 2.24% | Shares |
| GOLDMAN SACHS GROUP INC | $11,660,640 | 794,863 | 2.21% | Shares |
| CITADEL ADVISORS LLC | $9,419,460 | 642,090 | 1.78% | Shares |
| Loews Corp | $7,283,948 | 496,520 | 1.38% | Shares |
| WELLS FARGO & COMPANY/MN | $6,491,944 | 442,532 | 1.23% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $5,737,290 | 391,090 | 1.09% | Shares |
| Marnell Management LLC | $5,598,351 | 381,619 | 1.06% | Shares |
| TWO SIGMA INVESTMENTS, LP | $4,957,565 | 337,939 | 0.94% | Shares |
| Quantinno Capital Management LP | $4,771,077 | 325,226 | 0.90% | Shares |
| TUDOR INVESTMENT CORP ET AL | $4,489,724 | 306,048 | 0.85% | Shares |
| BANK OF AMERICA CORP /DE/ | $4,452,889 | 303,537 | 0.84% | Shares |
| ExodusPoint Capital Management, LP | $4,283,127 | 291,965 | 0.81% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $4,112,309 | 280,321 | 0.78% | Shares |
| Bank of New York Mellon Corp | $3,914,880 | 266,863 | 0.74% | Shares |
| Public Sector Pension Investment Board | $2,935,408 | 200,096 | 0.56% | Shares |
| WOLVERINE ASSET MANAGEMENT LLC | $2,672,126 | 182,149 | 0.51% | Shares |
| BROWN ADVISORY INC | $2,635,553 | 179,656 | 0.50% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $2,522,583 | 148,300 | 0.48% | Shares |
| RHUMBLINE ADVISERS | $2,307,603 | 157,303 | 0.44% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,751,418 | 119,878 | 0.33% | Shares |
| Swiss National Bank | $1,736,312 | 118,358 | 0.33% | Shares |
| AlphaQuest LLC | $1,608,704 | 94,574 | 0.30% | Shares |
| AMERIPRISE FINANCIAL INC | $1,509,602 | 102,904 | 0.29% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $1,503,396 | 102,481 | 0.28% | Shares |
| Skopos Labs, Inc. | $1,498,198 | 102,546 | 0.28% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $1,443,029 | 98,366 | 0.27% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $1,428,858 | 97,400 | 0.27% | Shares |
| Summit Trail Advisors, LLC | $1,411,518 | 96,218 | 0.27% | Shares |
| Legal & General Group Plc | $1,312,950 | 89,499 | 0.25% | Shares |
| Qube Research & Technologies Ltd | $1,309,312 | 89,251 | 0.25% | Shares |
| Point72 Asset Management, L.P. | $1,237,282 | 84,341 | 0.23% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $1,176,197 | 80,177 | 0.22% | Shares |
| Asset Management One Co., Ltd. | $1,168,040 | 79,948 | 0.22% | Shares |
| XTX Topco Ltd | $1,086,431 | 74,058 | 0.21% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $1,036,670 | 70,666 | 0.20% | Shares |
| JPMORGAN CHASE & CO | $995,695 | 67,459 | 0.19% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $918,137 | 62,586 | 0.17% | Shares |
| PRUDENTIAL FINANCIAL INC | $908,132 | 61,904 | 0.17% | Shares |
| BlackRock, Inc. | $901,295 | 61,438 | 0.17% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $860,880 | 58,924 | 0.16% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $856,655 | 58,395 | 0.16% | Shares |
| Vanguard Investments Australia, Ltd. | $817,853 | 55,750 | 0.15% | Shares |
| Amundi | $798,136 | 54,406 | 0.15% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $771,642 | 52,600 | 0.15% | Shares |
| WOLVERINE TRADING, LLC | $758,100 | 35,000 | 0.14% | Put option |
| Mitsubishi UFJ Asset Management Co., Ltd. | $751,236 | 51,209 | 0.14% | Shares |
| Jain Global LLC | $747,216 | 50,935 | 0.14% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $728,321 | 49,647 | 0.14% | Shares |
| Schonfeld Strategic Advisors LLC | $668,819 | 45,591 | 0.13% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $665,475 | 45,363 | 0.13% | Shares |
| BARCLAYS PLC | $663,348 | 45,218 | 0.13% | Shares |
| TWO SIGMA ADVISERS, LP | $661,689 | 38,900 | 0.13% | Shares |
| CAXTON ASSOCIATES LP | $650,520 | 42,324 | 0.12% | Shares |
| Campbell & CO Investment Adviser LLC | $605,607 | 41,282 | 0.11% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $604,521 | 41,208 | 0.11% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $594,634 | 40,534 | 0.11% | Shares |
| MetLife Investment Management, LLC | $557,695 | 38,016 | 0.11% | Shares |
| Engineers Gate Manager LP | $557,460 | 38,000 | 0.11% | Shares |
| Squarepoint Ops LLC | $510,325 | 34,787 | 0.10% | Shares |
| Inspire Investing, LLC | $508,136 | 34,780 | 0.10% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $467,768 | 31,886 | 0.09% | Shares |
| Illinois Municipal Retirement Fund | $466,462 | 31,797 | 0.09% | Shares |
| Vert Asset Management LLC | $460,213 | 31,371 | 0.09% | Shares |
| JANUS HENDERSON GROUP PLC | $447,972 | 30,662 | 0.08% | Shares |
| AdvisorShares Investments LLC | $435,699 | 29,700 | 0.08% | Shares |
| Lighthouse Investment Partners, LLC | $421,601 | 28,739 | 0.08% | Shares |
| State of Tennessee, Department of Treasury | $412,770 | 28,137 | 0.08% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $410,393 | 27,975 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $407,298 | 27,764 | 0.08% | Shares |
| VANGUARD GROUP INC | $402,201 | 23,645 | 0.08% | Shares |
| BTG Pactual Asset Management US LLC | $399,596 | 27,239 | 0.08% | Shares |
| Aberdeen Group plc | $391,733 | 26,703 | 0.07% | Shares |
| Resona Asset Management Co.,Ltd. | $389,475 | 26,399 | 0.07% | Shares |
| DIMENSION CAPITAL MANAGEMENT LLC | $380,452 | 25,934 | 0.07% | Shares |
| Louisiana State Employees Retirement System | $374,085 | 25,500 | 0.07% | Shares |
| CAXTON ASSOCIATES LLP | $368,305 | 25,106 | 0.07% | Shares |
| Invesco Ltd. | $352,740 | 24,045 | 0.07% | Shares |
| Passive Capital Management, LLC. | $350,959 | 20,632 | 0.07% | Shares |
| Vanguard Global Advisers, LLC | $341,004 | 23,245 | 0.06% | Shares |
| HSBC HOLDINGS PLC | $323,533 | 22,024 | 0.06% | Shares |
| Daiwa Securities Group Inc. | $323,385 | 22,044 | 0.06% | Shares |
| Venture Visionary Partners LLC | $293,400 | 20,000 | 0.06% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $288,999 | 19,700 | 0.05% | Shares |
| Quantbot Technologies LP | $288,882 | 19,692 | 0.05% | Shares |
| Corient Private Wealth LP | $278,468 | 18,982 | 0.05% | Shares |
| FOX RUN MANAGEMENT, L.L.C. | $258,955 | 17,652 | 0.05% | Shares |
| D. E. Shaw & Co., Inc. | $252,735 | 17,228 | 0.05% | Shares |
| DEUTSCHE BANK AG\ | $242,671 | 16,542 | 0.05% | Shares |
| Police & Firemen's Retirement System of New Jersey | $240,221 | 16,375 | 0.05% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $238,857 | 16,282 | 0.05% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $237,611 | 16,197 | 0.04% | Shares |
Company insiders 27 insiders · 12 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| William Matthew Kelly | Chief Executive Officer | Jan. 2, 2026 A | 4,622 | 0 | 0 | $0 |
| Madhumita Moina Banerjee | Chief Financial Officer | Jan. 2, 2026 A | 0 | 0 | 1 | $-504,704 |
| Stephen W. Theriot | CFO and Treasurer | June 2, 2020 A | — | 0 | 0 | $0 |
| Steven A Museles | Chief Legal Off. & Corp. Secy | June 8, 2026 S | 0 | 0 | 6 | $-1,037,863 |
| Angela Valdes | Chief Accounting Officer | Feb. 13, 2026 A | 4,775 | 0 | 0 | $0 |
| Evan Regan-Levine | Chief Strategy Officer | Jan. 2, 2026 A | 0 | 0 | 4 | $-311,764 |
| George Laucks Xanders | Chief Investment Officer | Jan. 2, 2026 A | 4,000 | 0 | 2 | $-158,330 |
| Kevin Reynolds | Chief Development Officer | Aug. 27, 2024 S | 9 | 0 | 0 | $0 |
| David Peter Paul | Pres. & Chief Operating Off. | Dec. 9, 2022 S | 1,160 | 0 | 0 | $0 |
| Brian Patrick Coulter | Co-Chief Development Officer | Jan. 10, 2019 A | — | 0 | 0 | $0 |
| James Lee Iker | Chief Investment Officer | Jan. 10, 2019 A | 40,017 | 0 | 0 | $0 |
| Tyrrell Patrick J | Chief Administrative Officer | Aug. 1, 2017 A | — | 0 | 0 | $0 |
| Alisa Michelle Mall | Director | April 30, 2026 A | — | 0 | 0 | $0 |
| Robert Alexander Stewart | Director | April 30, 2026 A | 200,000 | 0 | 0 | $0 |
| CALDWELL PHYLLIS R | Director | April 30, 2026 A | — | 0 | 0 | $0 |
| Michael J Glosserman | Director | April 30, 2026 A | 0 | 0 | 0 | $0 |
| Alan S Forman | Director | April 30, 2026 A | 5,000 | 0 | 0 | $0 |
| William J Mulrow | Director | April 30, 2026 A | — | 0 | 0 | $0 |
| Scott A Estes | Director | April 30, 2026 A | 20,000 | 0 | 1 | $-198,700 |
| Ellen D Shuman | Director | April 30, 2026 A | — | 0 | 0 | $0 |
| Carol A Melton | Director | April 30, 2026 A | 2,500 | 0 | 0 | $0 |
| Charles E Haldeman | Director | May 4, 2023 A | 85,000 | 0 | 0 | $0 |
| Steven Roth | Director | April 29, 2021 A | 1,493,515 | 0 | 0 | $0 |
| John F Wood | Director | April 30, 2020 A | — | 0 | 0 | $0 |
| Mitchell N Schear | Director | April 30, 2020 A | — | 0 | 0 | $0 |
| YALE UNIVERSITY | Director | Dec. 12, 2018 S | 3,871,118 | 0 | 0 | $0 |
| VORNADO REALTY TRUST | 10% owner | July 17, 2017 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 55 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 |
|---|---|---|---|---|
| GQRE · FlexShares Trust | 0.22% | 57,120 NS | April 30, 2026 | N-PORT |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.19% | 73,447 NS | April 30, 2026 | N-PORT |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 143,794 NS | May 31, 2026 | N-PORT |
| FREL · FIDELITY COVINGTON TRUST | 0.09% | 82,877 NS | April 30, 2026 | N-PORT |
| PPTY · ETF Series Solutions | 0.08% | 1,364 NS | May 31, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.08% | 457,642 NS | May 31, 2026 | N-PORT |
| DFAR · Dimensional ETF Trust | 0.07% | 73,693 NS | April 30, 2026 | N-PORT |
| SCHH · SCHWAB STRATEGIC TRUST | 0.06% | 416,868 NS | May 31, 2026 | N-PORT |
| DFGR · Dimensional ETF Trust | 0.05% | 118,893 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.05% | 23,685 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.04% | 707 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.03% | 21,726 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.03% | 25,923 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.02% | 2,817 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 280,893 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 2,203 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 2,227 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.01% | 5,552 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.01% | 7,854 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,490 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 56 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 36,904 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | — | — | July 15, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | — | — | July 30, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| IJR · iShares Trust | — | — | Aug. 12, 2026 | Daily |
| IJT · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IJS · iShares Trust | — | — | Aug. 10, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWN · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| XJR · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PRF · Invesco Exchange-Traded Fund Trust | — | — | July 13, 2026 | Daily |
| ERTH · Invesco Exchange-Traded Fund Trust | — | — | Aug. 18, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | — | — | July 13, 2026 | Daily |
| ISCB · iShares Trust | — | — | July 20, 2026 | Daily |
| ISCV · iShares Trust | — | — | July 20, 2026 | Daily |
| USRT · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| REET · iShares Trust | — | — | July 30, 2026 | Daily |
| SMLF · iShares Trust | — | — | Aug. 10, 2026 | Daily |
| ESML · iShares Trust | — | — | Aug. 14, 2026 | Daily |