KRRO Korro Bio, Inc. - Common Stock
$12.96
Price · Aug 24, 2026
Fundamentals as of Aug 6, 2026
52W Range
$5–$56
15% of range
Analyst Rating
BUY
16 analysts
Price Target
$20
+56% upside
P/E (TTM)
-1.6
ROE
-140.8%
Net Profit Margin
-1834.5%
KRRO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$12.96
Market Cap
$187M
P/E (TTM)
-1.6
EPS (TTM)
$-12.48
Revenue (TTM)
$6M
Div Yield
—
ROE
-140.8%
Debt/Equity
—
52W Range
$5 – $56
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$6M
2019-12-31
→
2025-12-31
EPS
$-12.48
2022-12-31
→
2025-12-31
Free Cash Flow
$-79M
2019-12-31
→
2025-12-31
Margins
-1834.5%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
KRRO
Peer Median
P/E (TTM)
-1.6
1.2
P/S (TTM)
29.2
6.3
P/B
3.6
1.6
Price / FCF
-2.4
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
KRRO
Peer Median
Operating Margin
-1906.4%
—
Net Profit Margin
-1834.5%
-312.6%
ROA
-69.0%
-56.8%
ROE
-140.8%
-83.3%
ROIC
-238.2%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
KRRO
Peer Median
Current Ratio
6.9
8.5
Quick Ratio
6.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
KRRO
Peer Median
Revenue YoY
181.5%
—
Revenue CAGR 3Y
-45.6%
—
Revenue CAGR 5Y
-29.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
KRRO
Peer Median
KRRO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
16 analysts
- Strong Buy 4 25.0%
- Buy 10 62.5%
- Hold 2 12.5%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
10 analysts · 2026-08-19
Median
$21.50
Now
$12.96
Low
$10.00
High
$30.00
Median target
$21.50
+65.9%
Mean target
$20.20
+55.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.30%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-1.07 | $-1.48 | 0.41% |
| March 31, 2026 | $-1.69 | $-1.88 | 0.19% |
| Dec. 31, 2025 | $-1.65 | $-2.11 | 0.46% |
| Sept. 30, 2025 | $-1.92 | $-2.65 | 0.73% |
| June 30, 2025 | $-2.74 | $-2.62 | -0.12% |
| March 31, 2025 | $-2.49 | $-2.66 | 0.17% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| KRRO | $75M | -0.6 | 181.5% | -1834.5% | -140.8% | — |
| KROS | $398M | 8.9 | — | 35.7% | 17.2% | — |
| PEPG | $448M | -3.1 | — | — | -82.0% | — |
| CHRS | $172M | 1.0 | 59.8% | 398.4% | 185.8% | — |
| WHWK | $114M | -7.3 | -72.5% | -288.3% | -13.4% | — |
| CRBP | $143M | -1.4 | — | — | -60.8% | — |
| VYGR | $232M | -1.9 | -49.5% | -296.5% | -54.4% | — |
| NKTX | $131M | -1.3 | — | — | -31.1% | — |
| HUMA | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6M | $2M | $0 | $0 | $14M | $37M | $29M | |
| R&D Expense | $66M | $64M | $57M | $42M | $61M | $37M | $19M | |
| SG&A Expense | $28M | $31M | $27M | $17M | $37M | $27M | $15M | |
| Operating Expenses | $128M | $94M | $85M | $59M | $98M | $65M | $50M | |
| Operating Income | $-122M | $-92M | $-85M | $-59M | $-84M | $-28M | $-21M | |
| Interest Expense | · | · | · | $961.0K | $764.0K | $0 | · | |
| Interest Income | · | · | · | $1M | $397.0K | $994.0K | $2M | |
| Other Non-op | $5M | $8M | $3M | $976.0K | $-266.0K | · | · | |
| Pretax Income | $-117M | $-83M | $-81M | $-58M | $-85M | $-26M | $-19M | |
| Income Tax | $637.0K | $141.0K | $27.0K | $10.0K | $15.0K | $35.0K | $0 | |
| Net Income | $-117M | $-84M | $-81M | $-58M | $-85M | $-27M | $-19M | |
| EPS (Basic) | $-12.48 | $-9.37 | $-53.08 | $-227.42 | · | · | · | |
| EPS (Diluted) | $-12.48 | $-9.37 | $-53.08 | $-227.42 | · | · | · | |
| Shares (Basic) | 9,395,402 | 8,920,561 | 1,529,321 | 255,175 | · | · | · | |
| Shares (Diluted) | 9,395,402 | 8,920,561 | 1,529,321 | 255,175 | · | · | · | |
| EBITDA | $-122M | $-92M | $-85M | · | $-84M | $-28M | $-21M |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $22M | $56M | $166M | $36M | $80M | $220M | $200M | |
| Short-term Investments | $53M | $70M | $0 | $19M | · | · | · | |
| Prepaid Expense | $6M | $4M | $3M | $1M | $4M | $5M | $4M | |
| Other Current Assets | · | · | · | $255.0K | $185.0K | $102.0K | $199.0K | |
| Current Assets | $82M | $132M | $173M | $57M | $135M | $225M | $221M | |
| PP&E (Net) | $8M | $28M | $16M | $10M | $6M | $7M | $2M | |
| PP&E (Gross) | $19M | $35M | $24M | $14M | $10M | $10M | $4M | |
| Accum. Depreciation | $11M | $7M | $8M | $4M | $4M | $3M | $2M | |
| Other Non-current Assets | $2M | $3M | $3M | $228.0K | · | · | $101.0K | |
| Total Assets | $114M | $226M | $222M | $74M | $185M | $265M | $223M | |
| Accounts Payable | $2M | $4M | $7M | $3M | $3M | $6M | $1M | |
| Accrued Liabilities | $8M | $6M | $10M | $3M | $6M | $7M | $3M | |
| Current Liabilities | $12M | $15M | $19M | $9M | $11M | $27M | $53M | |
| Capital Leases | $41M | $43M | $31M | $209.0K | $29M | $31M | · | |
| Other Non-current Liabilities | $1M | $1M | $1M | $0 | $87.0K | · | · | |
| Total Liabilities | $62M | $66M | $52M | $9M | $55M | $72M | $56M | |
| Total Debt | · | · | · | · | $833.0K | · | $180.0K | |
| Common Stock | $9.0K | $9.0K | $8.0K | $0 | $35.0K | $34.0K | $31.0K | |
| Paid-in Capital | $435M | $427M | $353M | $3M | $311M | $288M | $236M | |
| Retained Earnings | $-384M | $-267M | $-183M | $-102M | $-180M | $-95M | $-69M | |
| AOCI | $212.0K | $268.0K | $0 | $-5.0K | $-62.0K | $27.0K | $54.0K | |
| Stockholders' Equity | $51M | $160M | $170M | $-99M | $-42M | $192M | $167M | |
| Liabilities + Equity | $114M | $226M | $222M | $74M | $185M | $265M | $223M | |
| Shares Outstanding | 9,417,295 | 9,377,259 | 8,016,516 | 268,399 | 237,803 | 33,964,000 | 30,844,507 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | · | · | · | $20M | $22M | $10M | $4M | |
| Deferred Tax | $0 | $0 | $0 | $0 | $0 | $0 | · | |
| Restructuring | $4M | $0 | · | · | · | · | · | |
| Operating Cash Flow | $-79M | $-60M | $-67M | $-54M | $-76M | $-45M | $34M | |
| CapEx | $518.0K | $18M | $8M | $5M | $3M | $7M | $1M | |
| Investing Cash Flow | $44M | $-123M | $11M | $11M | $-66M | $10M | $-18M | |
| Debt Issued | · | · | · | · | · | $15M | · | |
| Net Debt Issued | · | · | · | · | · | $15M | · | |
| Stock Issued | · | $0 | $117M | $0 | $1M | $2M | $80M | |
| Net Stock Activity | · | $0 | $117M | · | $1M | $2M | $80M | |
| Financing Cash Flow | $685.0K | $69M | $188M | $18.0K | $1M | $57M | $142M | |
| Net Change in Cash | $-34M | $-114M | $132M | $-43M | $-141M | $22M | $158M | |
| Taxes Paid | $1.0K | $141.0K | $27.0K | $11.0K | · | · | $94.0K | |
| Free Cash Flow | $-79M | $-78M | $-75M | · | $-79M | $-52M | $33M | |
| Levered FCF | · | · | · | · | $-80M | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -1906.4% | -4047.1% | · | · | -597.3% | -74.5% | -71.4% | |
| Net Margin | -1834.5% | -3680.4% | · | · | -602.0% | -71.7% | -64.8% | |
| Pretax Margin | -1824.5% | -3674.2% | · | · | -601.9% | -71.6% | · | |
| EBITDA Margin | -1906.4% | -4047.1% | · | · | -597.3% | -74.5% | -71.4% | |
| ROA | -69.0% | -37.3% | -55.0% | · | -37.6% | -10.9% | -14.0% | |
| ROE | -140.8% | -49.2% | -974.8% | · | -60.9% | -13.5% | -34.8% | |
| ROIC | -238.2% | -57.4% | -49.8% | · | -63.8% | -14.3% | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.9 | 8.8 | 8.9 | · | 11.8 | 8.5 | 4.2 | |
| Quick Ratio | 6.3 | 8.4 | 8.5 | · | 7.0 | 8.3 | 3.8 | |
| Debt / Equity | · | · | · | · | 0.0 | · | 0.0 | |
| LT Debt / Equity | · | · | · | · | · | · | 0.0 | |
| Interest Coverage | · | · | · | · | -110.0 | · | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | · | 0.1 | 0.2 | 0.2 |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 181.5% | · | · | · | -62.0% | · | · | |
| Revenue CAGR 3Y | · | -45.6% | · | · | · | · | · | |
| Revenue CAGR 5Y | -29.6% | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6M | $2M | $0 | $0 | $14M | $37M | $29M | |
| Net Income TTM | $-117M | $-84M | $-81M | $-58M | $-85M | $-27M | $-19M | |
| Market Cap | $75M | $357M | $384M | · | $8.88B | $59.88B | $27.04B | |
| Enterprise Value | · | · | · | · | $8.80B | · | $26.84B | |
| P/E | -0.6 | -4.1 | -0.9 | -0.8 | · | · | · | |
| P/S | 11.8 | 157.2 | · | · | 631.1 | 1619.0 | 934.0 | |
| P/B | 1.5 | 2.2 | 2.3 | · | 67.9 | 311.1 | 161.5 | |
| P / Tangible Book | 1.5 | 2.2 | 2.3 | · | · | 311.1 | · | |
| P / Cash Flow | -1.0 | -5.9 | -5.7 | · | -116.7 | -1325.1 | 790.2 | |
| P / FCF | -1.0 | -4.6 | -5.1 | · | -112.4 | -1154.6 | 815.5 | |
| EV / EBITDA | · | · | · | · | -104.7 | · | -1298.0 | |
| EV / FCF | · | · | · | · | -111.4 | · | 809.5 | |
| EV / Revenue | · | · | · | · | 625.5 | · | 927.0 | |
| Earnings Yield | -155.8% | -24.6% | -110.7% | -118.1% | · | · | · |
Income Statement 16
| 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 | $0 | $0 | $1M | $1M | $1M | $3M | $2M | $0 | $0 | $0 | · | · | · | · | · | $0 | |
| R&D Expense | $14M | $13M | $11M | $14M | $20M | $20M | $17M | $16M | $17M | $14M | $15M | $14M | $13M | $15M | $3M | $12M | |
| SG&A Expense | $7M | $7M | $6M | $7M | $7M | $8M | $8M | $7M | $7M | $8M | $11M | $5M | $5M | $5M | $-9M | $9M | |
| Operating Expenses | $20M | $20M | $52M | $20M | $29M | $28M | $25M | $23M | $24M | $21M | $27M | $19M | $18M | $20M | $-6M | $20M | |
| Operating Income | $-20M | $-20M | $-50M | $-19M | $-27M | $-25M | $-23M | $-23M | $-24M | $-21M | $-27M | $-19M | $-18M | $-20M | $6M | $-20M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $284.0K | · | $263.0K | |
| Interest Income | · | · | · | · | · | · | · | · | · | · | · | $448.0K | $346.0K | $523.0K | · | $351.0K | |
| Other Non-op | $1M | $906.0K | $990.0K | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $1M | $656.0K | $786.0K | $481.0K | $619.0K | $617.0K | |
| Pretax Income | $-19M | $-20M | $-49M | $-18M | $-26M | $-23M | $-21M | $-21M | $-22M | $-20M | $-25M | $-18M | $-18M | $-20M | $6M | $-20M | |
| Income Tax | $108.0K | $95.0K | $636.0K | $0 | $1.0K | $0 | $103.0K | $-9.0K | $30.0K | $17.0K | $0 | $0 | $27.0K | $0 | $19.0K | $-23.0K | |
| Net Income | $-19M | $-20M | $-50M | $-18M | $-26M | $-23M | $-21M | $-21M | $-22M | $-20M | $-25M | $-18M | $-18M | $-20M | $6M | $-20M | |
| EPS (Basic) | $-1.07 | $-1.69 | $-5.33 | $-1.92 | $-2.74 | $-2.49 | $-2.24 | $-2.26 | $-2.43 | $-2.44 | $148.03 | $-65.08 | $-63.83 | $-72.20 | $-225.59 | $-0.55 | |
| EPS (Diluted) | $-1.07 | $-1.69 | $-5.33 | $-1.92 | $-2.74 | $-2.49 | $-2.24 | $-2.26 | $-2.43 | $-2.44 | $148.03 | $-65.08 | $-63.83 | $-72.20 | $-225.59 | $-0.55 | |
| Shares (Basic) | 17,618,441 | 11,598,717 | -18,770,965 | 9,391,559 | 9,390,542 | 9,384,266 | -17,388,828 | 9,303,218 | 8,986,545 | 8,019,626 | 697,161 | 284,156 | 276,482 | 271,522 | -34,758,014 | 35,247,680 | |
| Shares (Diluted) | 17,618,441 | 11,598,717 | -18,770,965 | 9,391,559 | 9,390,542 | 9,384,266 | -17,388,828 | 9,303,218 | 8,986,545 | 8,019,626 | 697,161 | 284,156 | 276,482 | 271,522 | -34,758,014 | 35,247,680 | |
| EBITDA | $-20M | $-20M | · | $-19M | $-27M | $-25M | · | $-23M | $-24M | $-21M | · | $-13M | $-12M | $-21M | · | $-20M |
Balance Sheet 23
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $25M | $62M | $22M | $24M | $34M | $64M | $56M | $63M | $91M | $139M | $166M | $42M | $40M | $41M | $36M | $44M | |
| Short-term Investments | $90M | $52M | $53M | $68M | $63M | $51M | $70M | $74M | $66M | · | $0 | · | · | · | $19M | · | |
| Prepaid Expense | $6M | $6M | $6M | $5M | $5M | $4M | $4M | $4M | $4M | $3M | $3M | $423.0K | $2M | $3M | $1M | $2M | |
| Current Assets | $121M | $120M | $82M | $98M | $103M | $121M | $132M | $153M | $164M | $146M | $173M | $42M | $48M | $69M | $57M | $101M | |
| PP&E (Net) | $7M | $8M | $8M | $24M | $25M | $27M | $28M | $29M | $25M | $21M | $16M | $543.0K | $1M | $2M | $10M | $3M | |
| PP&E (Gross) | $19M | $19M | $19M | $35M | $35M | $35M | $35M | $39M | $34M | $29M | $24M | $4M | $9M | $9M | $14M | $9M | |
| Accum. Depreciation | $11M | $11M | $11M | $11M | $10M | $9M | $7M | $10M | $9M | $9M | $8M | $3M | $8M | $7M | $4M | $6M | |
| Other Non-current Assets | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $2M | $3M | $2M | $3M | · | · | · | $228.0K | · | |
| Total Assets | $163M | $184M | $114M | $162M | $180M | $202M | $226M | $244M | $250M | $198M | $222M | $46M | $79M | $102M | $74M | $136M | |
| Accounts Payable | $4M | $2M | $2M | $2M | $5M | $4M | $4M | $6M | $6M | $5M | $7M | $338.0K | $1M | $3M | $3M | $4M | |
| Accrued Liabilities | $5M | $10M | $8M | $6M | $6M | $4M | $6M | $5M | $6M | $5M | $10M | $8M | $5M | $6M | $3M | $5M | |
| Current Liabilities | $13M | $15M | $12M | $15M | $17M | $13M | $15M | $14M | $12M | $11M | $19M | $10M | $8M | $22M | $9M | $20M | |
| Capital Leases | $39M | $40M | $41M | $42M | $42M | $43M | $43M | $42M | $38M | $35M | $31M | $0 | $26M | $26M | $209.0K | $27M | |
| Other Non-current Liabilities | $2M | $1M | $1M | $2M | $1M | $1M | $1M | $717.0K | $1M | $893.0K | $1M | $0 | $0 | $0 | $0 | $79.0K | |
| Total Liabilities | $60M | $64M | $62M | $63M | $65M | $63M | $66M | $64M | $52M | $47M | $52M | $10M | $34M | $48M | $9M | $54M | |
| Total Debt | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $12M | · | $8M | |
| Common Stock | $14.0K | $14.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $9.0K | $8.0K | $8.0K | $37.0K | $36.0K | $36.0K | $0 | $35.0K | |
| Paid-in Capital | $526M | $523M | $435M | $433M | $431M | $429M | $427M | $424M | $422M | $354M | $353M | $340M | $337M | $334M | $3M | $327M | |
| Retained Earnings | $-422M | $-403M | $-384M | $-334M | $-316M | $-290M | $-267M | $-245M | $-224M | $-203M | $-183M | $-304M | $-292M | $-281M | $-102M | $-244M | |
| AOCI | $-189.0K | $5.0K | $212.0K | $214.0K | $177.0K | $264.0K | $268.0K | $574.0K | $21.0K | · | $0 | $10.0K | $-6.0K | $-64.0K | $-5.0K | $-376.0K | |
| Stockholders' Equity | $103M | $120M | $51M | $99M | $115M | $139M | $160M | $180M | $198M | $151M | $170M | $37M | $45M | $53M | $-99M | $82M | |
| Liabilities + Equity | $163M | $184M | $114M | $162M | $180M | $202M | $226M | $244M | $250M | $198M | $222M | $46M | $79M | $102M | $74M | $136M | |
| Shares Outstanding | 14,705,646 | 14,422,571 | 9,417,295 | 9,397,984 | 9,390,842 | 9,388,902 | 9,377,259 | 9,318,356 | 9,279,937 | 8,022,463 | 8,016,516 | 36,926,285 | 35,963,706 | 35,751,956 | 268,468 | 35,262,233 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | · | · | · | · | · | · | · | · | · | · | · | $3M | $3M | $3M | · | $6M | |
| Restructuring | $0 | · | · | · | $1M | · | · | · | · | · | · | $0 | $359.0K | $4M | · | · | |
| Operating Cash Flow | $-17M | $-16M | $-18M | $-17M | $-19M | $-24M | $-7M | $-16M | $-15M | $-22M | $-21M | $-24M | $-20M | $-20M | $-11M | $-12M | |
| CapEx | $37.0K | $21.0K | $84.0K | $175.0K | $140.0K | $119.0K | $1M | $5M | $6M | $6M | $2M | $6M | $6M | $2M | $5M | $-16.0K | |
| Investing Cash Flow | $-18M | $-32M | $15M | $8M | $-11M | $33M | $-3M | $-13M | $-102M | $-6M | $-2M | $-12M | $7M | $15M | $4M | $13M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | $-2M | · | · | |
| Stock Issued | $-3M | $83M | · | · | $0 | $0 | · | $0 | · | · | $117M | $-1.0K | $-1.0K | $1.0K | $-60.0K | $-1.0K | |
| Net Stock Activity | · | $83M | · | · | · | · | · | · | · | · | · | · | · | $1.0K | · | · | |
| Financing Cash Flow | $-3M | $88M | $380.0K | $128.0K | $5.0K | $172.0K | $932.0K | $728.0K | $68M | $139.0K | $145M | $57M | $48M | $45M | $-238.0K | $56.0K | |
| Net Change in Cash | $-38M | $40M | $-2M | $-9M | $-31M | $9M | $-9M | $-28M | $-49M | $-27M | $122M | $22M | $34M | $41M | $-7M | $1M | |
| Taxes Paid | $60.0K | $48.0K | $0 | $0 | $1.0K | $0 | $94.0K | $0 | $30.0K | $17.0K | $0 | $0 | $27.0K | $0 | · | · | |
| Free Cash Flow | · | $-16M | · | · | · | $-25M | · | · | · | $-28M | · | · | · | $-14M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | · | · | $-15M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | -1764.9% | -1863.1% | -981.2% | · | · | · | · | · | · | · | -18313.4% | · | · | |
| Net Margin | · | · | · | -1657.0% | -1765.1% | -917.1% | · | · | · | · | · | · | · | -17449.1% | · | · | |
| Pretax Margin | · | · | · | -1657.0% | -1765.0% | -917.1% | · | · | · | · | · | · | · | -17427.7% | · | · | |
| EBITDA Margin | · | · | · | -1764.9% | -1863.1% | -981.2% | · | · | · | · | · | · | · | -18313.4% | · | · | |
| ROA | -11.0% | -10.2% | · | -8.9% | -12.0% | -11.7% | · | -14.5% | -13.3% | -13.1% | · | -12.7% | -9.4% | -14.7% | · | -11.6% | |
| ROE | -17.3% | -15.2% | · | -13.0% | -16.5% | -16.1% | · | -19.4% | -17.9% | -19.1% | · | -19.6% | -15.3% | -23.6% | · | -17.1% | |
| ROIC | -19.6% | -17.2% | · | -19.4% | -23.6% | -18.0% | · | -13.0% | -12.2% | -14.2% | · | -34.4% | -26.1% | -31.6% | · | -22.4% |
Liquidity & Solvency 4
| 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 | 9.6 | 8.1 | · | 6.7 | 6.0 | 9.4 | · | 11.2 | 13.3 | 13.2 | · | 4.4 | 5.8 | 3.1 | · | 5.0 | |
| Quick Ratio | 9.1 | 7.7 | · | 6.3 | 5.6 | 8.9 | · | 10.1 | 12.8 | 12.6 | · | 4.3 | 4.8 | 1.9 | · | 2.2 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | · | · | 0.0 | 0.0 | 0.2 | · | 0.1 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | · | · | · | · | -72.2 | · | -77.1 |
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 |
Valuation (TTM) 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $3M | $5M | · | $5M | $4M | $3M | · | · | · | · | · | $0 | $0 | $0 | · | $0 | |
| Net Income TTM | $-82M | $-87M | · | $-88M | $-92M | $-86M | · | $-81M | $-78M | $-75M | · | $-75M | $-78M | $-84M | · | $-89M | |
| Market Cap | $194M | $163M | · | $450M | $117M | $163M | · | $311M | $314M | $722M | · | $683M | $622M | $899M | · | $3.16B | |
| Enterprise Value | · | · | · | · | · | · | · | · | · | · | · | $641M | $582M | $870M | · | $3.12B | |
| P/E | -1.8 | -1.3 | · | -5.1 | -1.3 | -1.8 | · | -0.5 | -0.3 | -0.4 | · | -0.1 | · | · | · | · | |
| P/S | 76.0 | 32.0 | · | 88.2 | 29.2 | 64.1 | · | · | · | · | · | · | · | · | · | · | |
| P/B | 1.9 | 1.4 | · | 4.5 | 1.0 | 1.2 | · | 1.7 | 1.6 | 4.8 | · | 18.6 | 13.7 | 16.9 | · | 38.5 | |
| P / Tangible Book | 1.9 | 1.4 | · | 4.5 | 1.0 | 1.2 | · | 1.7 | 1.6 | 4.8 | · | 18.6 | 13.7 | 16.9 | · | 38.5 | |
| P / Cash Flow | · | -10.2 | · | · | · | -6.7 | · | · | · | -33.0 | · | · | · | -63.6 | · | · | |
| P / FCF | · | -10.1 | · | · | · | -6.7 | · | · | · | -26.3 | · | · | · | -63.2 | · | · | |
| EV / EBITDA | · | · | · | · | · | · | · | · | · | · | · | -50.6 | -49.2 | -42.4 | · | -153.9 | |
| EV / FCF | · | · | · | · | · | · | · | · | · | · | · | · | · | -61.1 | · | · | |
| Earnings Yield | -56.3% | -78.1% | · | -19.7% | -79.4% | -55.3% | · | -216.1% | -395.0% | -226.2% | · | -1090.0% | · | · | · | · |
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 | $6M | $2M | $0 | $0 | $14M |
| Operating Margin % | -1906.4% | -4047.1% | — | — | -597.3% |
| Net Income | $-117M | $-84M | $-81M | $-58M | $-85M |
| Diluted EPS | $-12.48 | $-9.37 | $-53.08 | $-227.42 | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | 0.0 |
| Current Ratio | 6.9 | 8.8 | 8.9 | — | 11.8 |
| Quick Ratio | 6.3 | 8.4 | 8.5 | — | 7.0 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-79M | $-78M | $-75M | — | $-79M |
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Institutional owners (13F) 115 filers · $195.8M 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 |
|---|---|---|---|---|
| 18 (-15 vs prior Q) | 11 (0 vs prior Q) | 43 (+12 vs prior Q) | 23 (+1 vs prior Q) | +936K |
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 |
|---|---|---|---|---|
| Lynx1 Capital Management LP | $20,274,741 | 1,538,296 | 10.36% | Shares |
| Qiming U.S. Ventures Management, LLC | $17,627,591 | 368,085 | 9.00% | Shares |
| NEA Management Company, LLC | $17,106,230 | 1,297,893 | 8.74% | Shares |
| Venrock Adviser, LLC | $13,305,210 | 1,009,500 | 6.80% | Shares |
| Atlas Venture Life Science Advisors, LLC | $12,690,811 | 962,884 | 6.48% | Shares |
| Balyasny Asset Management L.P. | $12,544,500 | 951,783 | 6.41% | Shares |
| Affinity Asset Advisors, LLC | $9,316,995 | 706,904 | 4.76% | Shares |
| Nantahala Capital Management, LLC | $8,699,274 | 660,036 | 4.44% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $7,129,958 | 540,968 | 3.64% | Shares |
| ADAR1 Capital Management, LLC | $7,117,912 | 540,054 | 3.64% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $5,993,974 | 454,778 | 3.06% | Shares |
| Driehaus Capital Management LLC | $5,931,593 | 450,045 | 3.03% | Shares |
| TCG Crossover Management, LLC | $5,486,847 | 416,301 | 2.80% | Shares |
| Kalehua Capital Management LLC | $5,338,427 | 405,040 | 2.73% | Shares |
| Siren, L.L.C. | $4,582,923 | 347,718 | 2.34% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $3,835,736 | 291,027 | 1.96% | Shares |
| 72 Investment Holdings, LLC | $3,648,633 | 276,831 | 1.86% | Shares |
| VANGUARD GROUP INC | $3,572,861 | 446,050 | 1.82% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,283,000 | 249,059 | 1.68% | Shares |
| STATE STREET CORP | $3,065,497 | 232,587 | 1.57% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,946,402 | 223,551 | 1.50% | Shares |
| TWO SIGMA INVESTMENTS, LP | $2,346,976 | 178,071 | 1.20% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,560,960 | 118,434 | 0.80% | Shares |
| GOLDMAN SACHS GROUP INC | $1,541,836 | 116,983 | 0.79% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $1,456,706 | 110,524 | 0.74% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $987,195 | 74,901 | 0.50% | Shares |
| CITADEL ADVISORS LLC | $935,780 | 71,000 | 0.48% | Call option |
| F/m Investments LLC | $837,747 | 63,562 | 0.43% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $837,747 | 63,562 | 0.43% | Shares |
| Walleye Capital LLC | $715,529 | 54,289 | 0.37% | Shares |
| Quantinno Capital Management LP | $694,850 | 52,720 | 0.35% | Shares |
| BANK OF AMERICA CORP /DE/ | $681,498 | 51,707 | 0.35% | Shares |
| BlackRock, Inc. | $668,437 | 50,716 | 0.34% | Shares |
| XTX Topco Ltd | $630,254 | 47,819 | 0.32% | Shares |
| FMR LLC | $513,691 | 38,975 | 0.26% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $472,543 | 35,853 | 0.24% | Shares |
| D. E. Shaw & Co., Inc. | $450,927 | 34,213 | 0.23% | Shares |
| Jump Financial, LLC | $446,881 | 33,906 | 0.23% | Shares |
| AIHC Capital Management Ltd | $398,893 | 30,265 | 0.20% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $383,538 | 29,100 | 0.20% | Call option |
| Mariner, LLC | $367,824 | 27,908 | 0.19% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $346,028 | 26,254 | 0.18% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $337,039 | 25,572 | 0.17% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $317,770 | 24,110 | 0.16% | Shares |
| IEQ CAPITAL, LLC | $280,022 | 21,246 | 0.14% | Shares |
| MARSHALL WACE, LLP | $251,211 | 19,060 | 0.13% | Shares |
| GUGGENHEIM CAPITAL LLC | $241,062 | 18,290 | 0.12% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $239,876 | 18,200 | 0.12% | Put option |
| HSBC HOLDINGS PLC | $232,803 | 17,812 | 0.12% | Shares |
| ALGERT GLOBAL LLC | $187,314 | 14,212 | 0.10% | Shares |
| Susquehanna Portfolio Strategies, LLC | $177,930 | 13,500 | 0.09% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $169,864 | 12,888 | 0.09% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $167,556 | 11,508 | 0.09% | Shares |
| RHUMBLINE ADVISERS | $163,435 | 12,401 | 0.08% | Shares |
| CITADEL ADVISORS LLC | $163,432 | 12,400 | 0.08% | Put option |
| Bank of New York Mellon Corp | $155,985 | 11,835 | 0.08% | Shares |
| Trexquant Investment LP | $151,333 | 11,482 | 0.08% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $148,618 | 11,276 | 0.08% | Shares |
| ALLIANCEBERNSTEIN L.P. | $137,878 | 12,180 | 0.07% | Shares |
| Engineers Gate Manager LP | $134,660 | 10,217 | 0.07% | Shares |
| AMERICAN CENTURY COMPANIES INC | $133,817 | 10,153 | 0.07% | Shares |
| Cerity Partners LLC | $114,428 | 8,682 | 0.06% | Shares |
| CWM, LLC | $110,619 | 9,772 | 0.06% | Shares |
| RAYMOND JAMES FINANCIAL INC | $105,967 | 8,040 | 0.05% | Shares |
| TWO SIGMA ADVISERS, LP | $90,008 | 11,237 | 0.05% | Shares |
| Arax Advisory Partners | $73,742 | 5,595 | 0.04% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $67,613 | 5,130 | 0.03% | Shares |
| DEUTSCHE BANK AG\ | $66,796 | 5,068 | 0.03% | Shares |
| AlphaQuest LLC | $61,701 | 7,703 | 0.03% | Shares |
| Police & Firemen's Retirement System of New Jersey | $60,984 | 4,627 | 0.03% | Shares |
| JPMORGAN CHASE & CO | $60,948 | 4,619 | 0.03% | Shares |
| CITIGROUP INC | $59,653 | 4,526 | 0.03% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $39,540 | 3,000 | 0.02% | Shares |
| Nuveen Asset Management, LLC | $37,347 | 981 | 0.02% | Shares |
| SIMPLEX TRADING, LLC | $26,030 | 1,975 | 0.01% | Shares |
| Vanguard Global Advisers, LLC | $25,424 | 1,929 | 0.01% | Shares |
| North Star Investment Management Corp. | $23,724 | 1,800 | 0.01% | Shares |
| NORTHERN TRUST CORP | $22,986 | 1,744 | 0.01% | Shares |
| Tower Research Capital LLC (TRC) | $20,917 | 1,587 | 0.01% | Shares |
| Integrated Wealth Concepts LLC | $20,888 | 1,585 | 0.01% | Shares |
| Russell Investments Group, Ltd. | $16,185 | 1,228 | 0.01% | Shares |
| Legal & General Group Plc | $14,261 | 1,082 | 0.01% | Shares |
| Nuveen, LLC | $12,930 | 981 | 0.01% | Shares |
| GAMMA Investing LLC | $11,348 | 861 | 0.01% | Shares |
| TD Waterhouse Canada Inc. | $11,045 | 808 | 0.01% | Shares |
| Ameritas Investment Partners, Inc. | $7,882 | 598 | 0.00% | Shares |
| Versant Capital Management, Inc | $7,104 | 539 | 0.00% | Shares |
| Allworth Financial LP | $7,091 | 538 | 0.00% | Shares |
| DUNCKER STREETT & CO INC | $5,760 | 437 | 0.00% | Shares |
| IFP Advisors, Inc | $5,509 | 418 | 0.00% | Shares |
| CITADEL ADVISORS LLC | $4,428 | 336 | 0.00% | Shares |
| ROYAL BANK OF CANADA | $4,000 | 334 | 0.00% | Shares |
| MORGAN STANLEY | $3,097 | 235 | 0.00% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $2,547 | 225 | 0.00% | Shares |
| PNC Financial Services Group, Inc. | $2,544 | 193 | 0.00% | Shares |
| True Wealth Design, LLC | $2,531 | 192 | 0.00% | Shares |
| Sterling Capital Management LLC | $2,517 | 191 | 0.00% | Shares |
| Essential Partners LLC | $2,372 | 180 | 0.00% | Shares |
| OSAIC HOLDINGS, INC. | $1,713 | 130 | 0.00% | Shares |
| ROTHSCHILD INVESTMENT LLC | $1,621 | 123 | 0.00% | Shares |
Company insiders 39 insiders · 15 officers · 13 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Vineet Agarwal | Chief Financial Officer | Feb. 3, 2025 A | 0 | 0 | 0 | $0 |
| Peter P. Pfreundschuh | Chief Financial Officer | Feb. 22, 2022 S | 8,927 | 0 | 0 | $0 |
| Todd Chappell | Chief Operating Officer | July 15, 2026 A | 24,464 | 0 | 1 | $-34,309 |
| Loic A Vincent | Chief Scientific Officer | July 15, 2026 A | 25,797 | 0 | 1 | $-37,017 |
| Oliver Dolan | Senior Vice President, Finance | July 15, 2026 A | 23,599 | 0 | 1 | $-36,638 |
| Jeffrey Cerio | General Counsel | July 15, 2026 A | 41,793 | 0 | 1 | $-71,575 |
| Olukemi Olugemo | Chief Medical Officer | Feb. 3, 2025 A | — | 0 | 0 | $0 |
| Shelby J. Walker | Senior Vice President, General Counsel and Secretary | Nov. 3, 2023 A | — | 0 | 0 | $0 |
| Steve Colletti | Chief Scientific Officer | Nov. 3, 2023 A | — | 0 | 0 | $0 |
| Richard J. Mitrano | VP Finance & Operations | Aug. 21, 2023 S | 48,457 | 0 | 0 | $0 |
| Christopher R. Loose | Chief Scientific Officer | July 28, 2023 S | 183,650 | 0 | 0 | $0 |
| Quentin Mccubbin | Chief Manufacturing Officer | Jan. 26, 2023 A | 38,340 | 0 | 0 | $0 |
| Wendy S Arnold | Chief People Officer | Jan. 26, 2023 A | 21,186 | 0 | 0 | $0 |
| Carl Lebel | Chief Development Officer | Jan. 26, 2023 A | 26,343 | 0 | 0 | $0 |
| Michael Bookman | General Counsel and Secretary | April 20, 2021 A | — | 0 | 0 | $0 |
| FORMELA JEAN FRANCOIS | Director | Aug. 19, 2026 S | 141,053 | 0 | 18 | $-4,469,917 |
| Rachel Meyers | Director | June 10, 2026 A | — | 0 | 0 | $0 |
| Katharine Knobil | Director | June 10, 2026 A | — | 0 | 0 | $0 |
| Ali Behbahani | Director | June 10, 2026 A | 1,297,893 | 0 | 0 | $0 |
| Timothy R Pearson | Director | June 10, 2026 A | — | 0 | 0 | $0 |
| Nessan Bermingham | Director | June 10, 2026 A | 35,114 | 0 | 0 | $0 |
| David L. Lucchino | Director | June 11, 2024 A | 22,150 | 0 | 0 | $0 |
| Michael Huang | Director | Aug. 17, 2022 D | — | 0 | 0 | $0 |
| Cynthia L Feldmann | Director | Aug. 17, 2022 D | — | 0 | 0 | $0 |
| Robert Langer | Director | Aug. 17, 2022 D | 214,326 | 0 | 0 | $0 |
| Joel S Marcus | Director | Aug. 17, 2022 D | 307,116 | 0 | 0 | $0 |
| BARBERICH TIMOTHY J | Director | Aug. 17, 2022 D | 80,650 | 0 | 0 | $0 |
| Marc A Cohen | Director | June 21, 2022 A | 605,820 | 0 | 0 | $0 |
| Rick Yang | 10% owner | March 10, 2026 P | 1,297,893 | 2 | 0 | $5,000,000 |
| Carmen Chang | 10% owner | March 10, 2026 P | 1,297,893 | 2 | 0 | $5,000,000 |
| Mohamad Makhzoumi | 10% owner | March 10, 2026 P | 1,297,893 | 2 | 0 | $5,000,000 |
| Anthony A. Florence, Jr. | 10% owner | March 10, 2026 P | 1,297,893 | 2 | 0 | $5,000,000 |
| Paul Walker | 10% owner | March 10, 2026 P | 1,297,893 | 2 | 0 | $5,000,000 |
| Edward T. Mathers | 10% owner | March 10, 2026 P | 1,297,893 | 2 | 0 | $5,000,000 |
| Forest Baskett | 10% owner | March 10, 2026 P | 1,297,893 | 2 | 0 | $5,000,000 |
| Scott D. Sandell | 10% owner | March 10, 2026 P | 1,297,893 | 2 | 0 | $5,000,000 |
| William J. Mclean | 10% owner | Oct. 2, 2019 A | — | 0 | 0 | $0 |
| Ram Aiyar | — | Aug. 4, 2026 S | 69,046 | 0 | 2 | $-259,567 |
| Dana Charles Hilt | — | April 20, 2021 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Atlas Venture Fund XI, L.P., Atlas Venture Associates XI, L.P., Atlas Venture Associates XI, LLC, Atlas Venture Opportunity Fund II, L.P., Atlas Venture Associates Opportunity II, L.P., Atlas Venture Associates Opportunity II, LLC ×2 filings | Aug. 4, 2026 | 4.90% | Amendment | — | SEC |
| New Enterprise Associates 17, L.P., NEA Partners 17, L.P., NEA 17 GP, LLC, Forest Baskett, Ali Behbahani, Carmen Chang, Anthony A. Florence, Jr., Mohamad H. Makhzoumi, Edward T. Mathers, Scott D. Sandell, Paul Walker, Rick Yang ×3 filings | March 12, 2026 | 9.90% | Amendment | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 22 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 |
|---|---|---|---|---|
| LFSC · RBB Fund, Inc. | 0.80% | 62,855 NS | May 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.03% | 39,039 SH | Aug. 21, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 7,950 SH | Aug. 19, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 2,125 SH | Aug. 21, 2026 | Daily |
| IWN · iShares Trust | 0.01% | 82,041 SH | Aug. 21, 2026 | Daily |
| IWO · iShares Trust | 0.01% | 58,538 SH | Aug. 21, 2026 | Daily |
| IWM · iShares Trust | 0.00% | 282,685 SH | Aug. 21, 2026 | Daily |
| RSSL · Global X Funds | 0.00% | 2,998 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.00% | 312 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.00% | 4,640 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 244 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 13,218 NS | April 30, 2026 | N-PORT |
| RB · ProShares Trust | 0.00% | 1 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 246 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 6 NS | May 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 3,300 SH | Aug. 21, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 135,396 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 311,262 SH | Aug. 19, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.00% | 63,717 SH | Aug. 19, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,170 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 428 SH | Aug. 19, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.00% | 28,271 SH | Aug. 19, 2026 | Daily |