LADR Ladder Capital Corp Class A Common Stock
$9.95
Price · Aug 18, 2026
Fundamentals as of Jul 27, 2026
52W Range
$9–$12
22% of range
Analyst Rating
BUY
13 analysts
Price Target
$12
+21% upside
P/E (TTM)
19.5
ROE
4.2%
Net Profit Margin
69.2%
LADR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$9.95
Market Cap
$1.27B
P/E (TTM)
19.5
EPS (TTM)
$0.51
Revenue (TTM)
—
Div Yield
—
ROE
4.2%
Debt/Equity
—
52W Range
$9 – $12
LADR Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$0.51
2020-12-31
→
2025-12-31
Free Cash Flow
—
Margins
69.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LADR
Peer Median
P/E (TTM)
19.5
10.7
P/S (TTM)
13.8
2.2
P/B
0.9
0.8
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LADR
Peer Median
Net Profit Margin
69.2%
21.1%
ROA
1.3%
1.2%
ROE
4.2%
9.8%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LADR
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LADR
Peer Median
Revenue YoY
-32.9%
—
Revenue CAGR 3Y
-2.1%
—
Revenue CAGR 5Y
49.4%
—
EPS YoY
-40.7%
—
Net Income YoY
-40.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LADR
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.2300 |
| March 31, 2026 | $0.2300 |
| Dec. 31, 2025 | $0.2300 |
| Sept. 30, 2025 | $0.2300 |
| June 30, 2025 | $0.2300 |
| March 31, 2025 | $0.2300 |
| Dec. 31, 2024 | $0.2300 |
| Sept. 30, 2024 | $0.2300 |
| June 28, 2024 | $0.2300 |
| March 27, 2024 | $0.2300 |
| Dec. 28, 2023 | $0.2300 |
| Sept. 28, 2023 | $0.2300 |
| June 29, 2023 | $0.2300 |
| March 30, 2023 | $0.2300 |
| Dec. 29, 2022 | $0.2300 |
| Sept. 29, 2022 | $0.2300 |
| June 29, 2022 | $0.2200 |
| March 30, 2022 | $0.2000 |
| Dec. 30, 2021 | $0.2000 |
| Sept. 29, 2021 | $0.2000 |
LADR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 5 38.5%
- Buy 6 46.2%
- Hold 2 15.4%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-18
Median
$12.00
← Below all targets
$9.95
Low
$10.25
High
$13.50
Median target
$12.00
+20.6%
Mean target
$12.00
+20.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.24 | $0.24 | -0.00% |
| March 31, 2026 | $0.22 | $0.23 | -0.01% |
| Dec. 31, 2025 | $0.17 | $0.24 | -0.07% |
| Sept. 30, 2025 | $0.25 | $0.24 | 0.01% |
| June 30, 2025 | $0.23 | $0.23 | 0.00% |
| March 31, 2025 | $0.20 | $0.23 | -0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LADR | $1.40B | 21.5 | -32.9% | 69.2% | 4.2% | — |
| BXMT | $3.22B | 29.9 | 10.9% | 19.8% | 3.0% | — |
| ARR | $1.98B | 5.4 | 490.8% | 203.8% | 16.5% | — |
| EFC | $1.54B | 11.4 | 10.1% | 35.3% | 7.0% | — |
| ORC | $1.31B | — | 1944.3% | 146.9% | 13.9% | — |
| TWO | — | -2.2 | — | — | — | — |
| CIM | — | — | — | — | — | — |
| ABR | $1.52B | 13.9 | -18.0% | 30.9% | 5.3% | — |
| MFA | $946M | 7.2 | 14.0% | 76.5% | 9.7% | — |
| ADAM | — | — | — | — | — | — |
| ARI | — | 12.0 | -10.6% | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $19M | $19M | $20M | $21M | $18M | $20M | $23M | $22M | $21M | $21M | $25M | $25M | |
| Interest Expense | · | · | $245M | $196M | $183M | $227M | $204M | $194M | $146M | $121M | $113M | $78M | |
| Interest Income | $267M | $359M | $407M | $294M | $176M | $240M | $330M | $345M | $264M | $236M | $242M | $187M | |
| Other Non-op | $123M | $148M | $127M | $251M | $182M | $140M | $175M | $250M | $186M | $163M | $201M | $189M | |
| Pretax Income | $67M | $111M | $105M | $170M | $58M | $-19M | $140M | $228M | $134M | $120M | $161M | $124M | |
| Income Tax | $3M | $3M | $4M | $5M | $928.0K | $-10M | $3M | $7M | $8M | $6M | $15M | $27M | |
| Net Income | $64M | $107M | $101M | $165M | $57M | $-9M | $137M | $222M | $126M | $114M | $146M | $98M | |
| EPS (Basic) | $0.51 | $0.86 | $0.81 | $1.14 | $0.46 | $-0.13 | $1.16 | $1.85 | $1.16 | $1.08 | $1.43 | $0.90 | |
| EPS (Diluted) | $0.51 | $0.86 | $0.81 | $1.13 | $0.45 | $-0.13 | $1.15 | $1.84 | $1.13 | $1.06 | $1.42 | $0.86 | |
| Shares (Basic) | · | 125,576,784 | 124,667,877 | 124,301,421 | 123,763,843 | 112,409,615 | 105,455,849 | 97,226,027 | 81,902,524 | 61,998,089 | 51,702,188 | 49,296,417 | |
| Shares (Diluted) | · | 125,785,295 | 124,882,398 | 125,823,671 | 124,563,051 | 112,409,615 | 106,399,783 | 97,652,065 | 109,704,880 | 107,638,788 | 51,870,808 | 97,583,310 | |
| EBITDA | $32M | $32M | $30M | $33M | $38M | $39M | $39M | $42M | $40M | $39M | $39M | $28M |
Balance Sheet 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $38M | $1.32B | $1.02B | $609M | $549M | $1.25B | $58M | $68M | $77M | $45M | $109M | $76M | |
| Intangibles | $52M | $51M | $61M | $65M | $79M | $91M | $98M | $104M | $129M | $107M | $107M | $108M | |
| Total Assets | $5.15B | $4.85B | $5.51B | $5.95B | $5.85B | $5.88B | $6.67B | $6.27B | $6.03B | $5.58B | $5.90B | $5.81B | |
| Total Liabilities | $3.67B | $3.31B | $3.98B | $4.42B | $4.34B | $4.33B | $5.03B | $4.63B | $4.54B | $4.07B | $4.40B | $4.31B | |
| Retained Earnings | $-260M | $-207M | $-198M | $-177M | $-208M | $-164M | $-36M | $11M | $-39M | $-11M | $61M | $44M | |
| Treasury Stock | $39M | $30M | $12M | $96M | $76M | $63M | $43M | $33M | $32M | $11M | $6M | $0 | |
| AOCI | $-4M | $-5M | $-14M | $-21M | $-4M | $-10M | $4M | $-5M | $-212.0K | $1M | $-4M | $16M | |
| Stockholders' Equity | $1.48B | $1.54B | $1.53B | $1.53B | $1.51B | $1.54B | $1.46B | $1.45B | $1.23B | $971M | $828M | $785M | |
| Liabilities + Equity | $5.15B | $4.85B | $5.51B | $5.95B | $5.85B | $5.88B | $6.67B | $6.27B | $6.03B | $5.58B | $5.90B | $5.81B | |
| Shares Outstanding | 127,234,000 | 127,106,000 | 126,912,000 | 126,502,000 | · | · | · | · | · | · | · | · |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $32M | $32M | $30M | $33M | $38M | $39M | $39M | $42M | $40M | $39M | $39M | $28M | |
| Stock-based Comp | $20M | $19M | $19M | $32M | $15M | $43M | $22M | $9M | $19M | $18M | $14M | $14M | |
| Deferred Tax | $2M | $2M | $1M | $-505.0K | $272.0K | $94.0K | $5M | $-8M | $6M | $2M | $3M | $-7M | |
| Other Non-cash | $-31M | $-26M | $30M | $-122M | $-31M | $40M | $-19M | $-65M | $-179M | $236M | $-161M | $75M | |
| Operating Cash Flow | $87M | $134M | $181M | $107M | $80M | $112M | $183M | $200M | $12M | $338M | $-38M | $209M | |
| CapEx | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Investing Cash Flow | $-1.61B | $933M | $794M | $82M | $-651M | $1.54B | $-127M | $-343M | $-307M | $36M | $35M | · | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $188M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | · | · | $157M | |
| Stock Issued | · | · | $0 | $0 | $1.0K | $32M | $0 | $99M | $0 | $0 | $0 | $259M | |
| Stock Repurchased | $12M | $7M | $2M | $8M | $9M | $3M | $637.0K | $0 | $3M | $5M | $994.0K | $0 | |
| Net Stock Activity | $-12M | $-7M | $-2M | $-8M | $-9M | $29M | $-637.0K | $99M | $-3M | $-5M | $-994.0K | $259M | |
| Financing Cash Flow | $227M | $-797M | $-558M | $-150M | $-91M | $-726M | $201M | $58M | $388M | $-448M | $22M | · | |
| Net Change in Cash | $-1.29B | $270M | $416M | $38M | $-663M | $929M | $257M | $-84M | $93M | · | · | · | |
| Taxes Paid | $4M | $2M | $-2M | $-1M | $-3M | $2M | $885.0K | $10M | $-214.0K | $9M | $7M | · | |
| Free Cash Flow | · | · | · | · | · | · | · | · | · | · | · | $209M | |
| Levered FCF | · | · | · | · | · | · | · | · | · | · | · | $148M |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 69.2% | 78.4% | 62.0% | 168.8% | -830.6% | -76.4% | 108.8% | 147.3% | 107.1% | 98.4% | 44.4% | 32.7% | |
| Pretax Margin | 73.0% | 80.9% | 64.6% | 173.8% | -844.1% | -155.5% | 110.9% | 151.7% | 113.7% | 103.9% | 48.8% | 41.6% | |
| EBITDA Margin | 34.8% | 23.6% | 18.4% | 33.4% | -551.8% | 315.8% | 30.6% | 27.9% | 34.3% | 34.1% | 11.9% | 9.5% | |
| ROA | 1.3% | 2.2% | 1.8% | 2.8% | 0.97% | -0.15% | 2.1% | 3.5% | 2.2% | 2.0% | 2.5% | 2.1% | |
| ROE | 4.2% | 7.0% | 6.6% | 10.9% | 3.7% | -0.63% | 9.4% | 16.5% | 11.4% | 12.6% | 18.1% | 10.0% |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -32.9% | -15.5% | 65.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | -2.1% | · | 135.8% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 49.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -40.7% | 6.2% | -28.3% | 151.1% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -23.3% | 24.1% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | -40.7% | 6.9% | -39.2% | 190.6% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -27.2% | 23.6% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $92M | $137M | $162M | $98M | $-7M | $12M | $126M | $151M | $118M | $116M | $329M | $299M | |
| Net Income TTM | $64M | $107M | $101M | $165M | $57M | $-9M | $137M | $222M | $126M | $114M | $146M | $98M | |
| Market Cap | $1.40B | · | · | · | · | · | · | · | · | · | · | · | |
| P/E | 21.5 | 13.0 | 14.2 | 8.9 | 26.6 | -75.2 | 15.7 | 8.4 | 12.1 | 12.9 | 8.7 | 22.8 | |
| P/S | 15.2 | · | · | · | · | · | · | · | · | · | · | · | |
| P/B | 0.9 | · | · | · | · | · | · | · | · | · | · | · | |
| P / Tangible Book | 1.0 | · | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | 16.1 | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 4.6% | 7.7% | 7.0% | 11.2% | 3.8% | -1.3% | 6.4% | 11.9% | 8.3% | 7.7% | 11.4% | 4.4% |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Expenses | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $4M | $5M | $5M | $5M | $5M | $5M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $59M | · | $62M | $61M | $61M | · | $48M | |
| Interest Income | $78M | $74M | $68M | $72M | $63M | $64M | $78M | $96M | $89M | $96M | $101M | $101M | $102M | $104M | $95M | $77M | |
| Other Non-op | $35M | $29M | $28M | $30M | $35M | $31M | $41M | $33M | $42M | $32M | $21M | $41M | $34M | $32M | $82M | $42M | |
| Pretax Income | $16M | $3M | $16M | $20M | $21M | $11M | $33M | $28M | $31M | $18M | $18M | $34M | $28M | $24M | $75M | $31M | |
| Income Tax | $2M | $566.0K | $-343.0K | $960.0K | $4M | $-838.0K | $2M | $901.0K | $-1M | $2M | $-669.0K | $3M | $46.0K | $2M | $1M | $3M | |
| Net Income | $15M | $3M | $16M | $19M | $17M | $12M | $31M | $28M | $32M | $16M | $19M | $31M | $28M | $22M | $74M | $29M | |
| EPS (Basic) | $0.12 | $0.02 | $0.13 | $0.15 | $0.14 | $0.09 | $0.25 | $0.22 | $0.26 | $0.13 | $0.15 | $0.25 | $0.23 | $0.18 | $0.48 | $0.23 | |
| EPS (Diluted) | $0.12 | $0.02 | $0.13 | $0.15 | $0.14 | $0.09 | $0.25 | $0.22 | $0.26 | $0.13 | $0.15 | $0.25 | $0.23 | $0.18 | $0.47 | $0.23 | |
| Shares (Basic) | 124,730,611 | 125,399,604 | · | 125,339,188 | 125,796,410 | 125,628,951 | -251,175,500 | 125,705,754 | 125,730,765 | 125,315,765 | -249,286,793 | 124,730,343 | 124,731,195 | 124,493,132 | -248,876,425 | 124,278,732 | |
| Shares (Diluted) | 125,249,856 | 126,017,951 | · | 126,115,547 | 126,204,424 | 126,279,680 | -251,480,106 | 125,905,528 | 125,839,500 | 125,520,373 | -249,569,845 | 124,968,545 | 124,827,596 | 124,656,102 | -250,092,217 | 125,172,180 | |
| EBITDA | $9M | $9M | · | $8M | $8M | $7M | · | $8M | $8M | $8M | · | $7M | $7M | $8M | · | $8M |
Balance Sheet 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $38M | $33M | $38M | $49M | $135M | $480M | $1.32B | $1.61B | $1.20B | $1.22B | $1.02B | $798M | $777M | $626M | $609M | $328M | |
| Intangibles | $49M | $52M | $52M | $54M | $53M | $48M | $51M | $54M | $56M | $59M | · | $62M | $62M | $64M | · | $65M | |
| Total Assets | $5.61B | $5.61B | $5.15B | $4.69B | $4.46B | $4.47B | $4.85B | $5.38B | $5.05B | $5.32B | $5.51B | $5.50B | $5.63B | $5.86B | $5.95B | $5.87B | |
| Total Liabilities | $4.18B | $4.16B | $3.67B | $3.19B | $2.96B | $2.96B | $3.31B | $3.85B | $3.52B | $3.80B | · | $3.96B | $4.10B | $4.33B | · | $4.37B | |
| Retained Earnings | $-301M | $-287M | $-260M | $-247M | $-237M | $-225M | $-207M | $-209M | $-208M | $-211M | · | $-183M | $-185M | $-184M | · | $-207M | |
| Treasury Stock | $41M | $33M | $39M | $38M | $37M | $30M | $30M | $23M | $22M | $22M | · | $106M | $106M | $106M | · | $95M | |
| AOCI | $-5M | $-6M | $-4M | $-3M | $-6M | $-7M | $-5M | $-9M | $-11M | $-10M | · | $-15M | $-17M | $-18M | · | $-19M | |
| Stockholders' Equity | $1.43B | $1.45B | $1.48B | $1.50B | $1.50B | $1.52B | $1.54B | $1.53B | $1.53B | $1.53B | · | $1.54B | $1.53B | $1.53B | · | $1.50B | |
| Liabilities + Equity | $5.61B | $5.61B | $5.15B | $4.69B | $4.46B | $4.47B | $4.85B | $5.38B | $5.05B | $5.32B | · | $5.50B | $5.63B | $5.86B | · | $5.87B | |
| Shares Outstanding | · | 127,668,000 | 127,234,000 | · | · | · | 127,106,000 | · | · | · | 126,912,000 | · | · | · | · | · |
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 | $9M | $9M | $8M | $8M | $8M | $7M | $7M | $8M | $8M | $8M | $8M | $7M | $7M | $8M | $8M | $8M | |
| Stock-based Comp | $4M | $14M | $3M | $3M | $3M | $11M | $2M | $3M | $3M | $10M | $3M | $3M | $3M | $9M | $4M | $4M | |
| Deferred Tax | $-700.0K | $-100.0K | $426.0K | $-100.0K | $2M | $-500.0K | $1M | $500.0K | $-1M | $1M | $-2M | $2M | $100.0K | $800.0K | $-605.0K | $-2M | |
| Other Non-cash | · | $-34M | · | · | · | $-58M | · | · | · | $-57M | · | · | · | $72M | · | · | |
| Operating Cash Flow | $39M | $-8M | $45M | $26M | $44M | $-29M | $-60M | $169M | $45M | $-20M | $58M | $78M | $-67M | $111M | $54M | $38M | |
| Investing Cash Flow | $24M | $-451M | $-536M | $-291M | $-406M | $-374M | $199M | $147M | $250M | $337M | $191M | $79M | $335M | $188M | $290M | $45M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | · | $0 | |
| Stock Repurchased | $8M | $13M | $1M | $2M | $7M | $2M | $4M | $1M | $211.0K | $647.0K | $0 | $196.0K | $0 | $2M | $2M | $2M | |
| Net Stock Activity | · | $-13M | · | · | · | $-2M | · | · | · | $-647.0K | · | · | · | $-2M | · | · | |
| Financing Cash Flow | $-61M | $458M | $481M | $180M | $-23M | $-410M | $-492M | $176M | $-320M | $-160M | $-41M | $-164M | $-155M | $-198M | $-42M | $-9M | |
| Net Change in Cash | $3M | $-1M | $-10M | $-85M | $-385M | $-813M | $-353M | $492M | $-25M | $157M | $208M | $-6M | $113M | $101M | $302M | $74M |
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 | 64.5% | 11.3% | · | 69.0% | 79.5% | 56.8% | · | 71.8% | 93.6% | 44.2% | · | 80.3% | 69.4% | 51.5% | · | 99.3% | |
| Pretax Margin | 72.2% | 13.8% | · | 72.4% | 96.7% | 52.7% | · | 74.1% | 90.4% | 49.4% | · | 88.4% | 69.5% | 55.5% | · | 108.3% | |
| EBITDA Margin | 41.4% | 38.7% | · | 29.6% | 37.4% | 36.1% | · | 21.2% | 24.5% | 22.4% | · | 18.4% | 18.4% | 17.5% | · | 27.2% | |
| ROA | 0.29% | 0.05% | · | 0.38% | 0.36% | 0.24% | · | 0.51% | 0.60% | 0.29% | · | 0.55% | 0.49% | 0.38% | · | 0.51% | |
| ROE | 0.99% | 0.18% | · | 1.3% | 1.1% | 0.76% | · | 1.8% | 2.1% | 1.1% | · | 2.1% | 1.8% | 1.5% | · | 1.9% |
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) 9
| 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 | $95M | $93M | · | $108M | $115M | $130M | · | $149M | $151M | $160M | · | $151M | $135M | $104M | · | $58M | |
| Net Income TTM | $53M | $50M | · | $75M | $88M | $88M | · | $107M | $108M | $98M | · | $110M | $122M | $113M | · | $110M | |
| Market Cap | · | $1.25B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/E | 23.1 | 24.4 | · | 18.2 | 15.1 | 16.3 | · | 13.5 | 13.0 | 14.1 | · | 11.5 | 11.8 | 11.2 | · | 11.1 | |
| P/S | · | 13.5 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/B | · | 0.9 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P / Tangible Book | · | 0.9 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | -156.1 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 4.3% | 4.1% | · | 5.5% | 6.6% | 6.1% | · | 7.4% | 7.7% | 7.1% | · | 8.7% | 8.5% | 8.9% | · | 9.0% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|---|
| Net Income | $64M | — | $107M | — | — |
| Diluted EPS | $0.51 | — | $0.86 | — | — |
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Institutional owners (13F) 235 filers · $603.3M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 32 (-7 vs prior Q) | 23 (0 vs prior Q) | 85 (+15 vs prior Q) | 58 (-15 vs prior Q) | +14.0M |
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 | $50,201,113 | 5,045,338 | 8.32% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $48,852,809 | 4,909,830 | 8.10% | Shares |
| JENNISON ASSOCIATES LLC | $46,098,520 | 4,633,017 | 7.64% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $41,419,392 | 4,162,753 | 6.87% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $30,900,790 | 3,105,607 | 5.12% | Shares |
| TWO SIGMA INVESTMENTS, LP | $30,814,553 | 3,096,940 | 5.11% | Shares |
| STATE STREET CORP | $30,330,665 | 2,981,326 | 5.03% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $27,814,499 | 2,795,427 | 4.61% | Shares |
| JPMORGAN CHASE & CO | $24,936,577 | 2,437,044 | 4.13% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $24,659,384 | 2,477,854 | 4.09% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $17,412,500 | 1,750,000 | 2.89% | Shares |
| TWO SIGMA ADVISERS, LP | $15,427,213 | 1,403,750 | 2.56% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $13,949,104 | 1,401,920 | 2.31% | Shares |
| Qube Research & Technologies Ltd | $11,633,819 | 1,169,228 | 1.93% | Shares |
| VAN ECK ASSOCIATES CORP | $11,174,825 | 1,123,098 | 1.85% | Shares |
| Allianz Asset Management GmbH | $10,221,187 | 1,027,255 | 1.69% | Shares |
| VANGUARD GROUP INC | $7,808,131 | 710,476 | 1.29% | Shares |
| Nuveen, LLC | $7,604,755 | 764,297 | 1.26% | Shares |
| Balyasny Asset Management L.P. | $7,368,890 | 740,592 | 1.22% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $7,184,149 | 722,025 | 1.19% | Shares |
| Focus Partners Wealth | $7,178,804 | 721,487 | 1.19% | Shares |
| Nuveen Asset Management, LLC | $6,873,491 | 614,253 | 1.14% | Shares |
| Aptus Capital Advisors, LLC | $6,683,803 | 671,739 | 1.11% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $5,786,373 | 581,545 | 0.96% | Shares |
| Access Investment Management LLC | $4,810,287 | 483,446 | 0.80% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $4,213,417 | 423,459 | 0.70% | Shares |
| Brevan Howard Capital Management LP | $3,943,882 | 396,370 | 0.65% | Shares |
| DENALI ADVISORS LLC | $3,521,305 | 353,900 | 0.58% | Shares |
| Phocas Financial Corp. | $3,513,564 | 353,122 | 0.58% | Shares |
| Almitas Capital LLC | $3,387,746 | 340,477 | 0.56% | Shares |
| CITADEL ADVISORS LLC | $3,382,841 | 339,984 | 0.56% | Shares |
| Lido Advisors, LLC | $3,376,443 | 331,674 | 0.56% | Shares |
| Bank of New York Mellon Corp | $3,178,537 | 319,451 | 0.53% | Shares |
| Waterloo Capital, L.P. | $3,167,258 | 318,317 | 0.53% | Shares |
| FIRST TRUST ADVISORS LP | $2,941,409 | 295,619 | 0.49% | Shares |
| MERITAGE PORTFOLIO MANAGEMENT | $2,828,529 | 257,373 | 0.47% | Shares |
| RAYMOND JAMES FINANCIAL INC | $2,720,557 | 273,423 | 0.45% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $2,370,170 | 238,208 | 0.39% | Shares |
| GOLDMAN SACHS GROUP INC | $2,346,250 | 235,804 | 0.39% | Shares |
| Swiss National Bank | $2,286,580 | 229,807 | 0.38% | Shares |
| Kestra Advisory Services, LLC | $2,278,937 | 229,039 | 0.38% | Shares |
| Schonfeld Strategic Advisors LLC | $2,245,514 | 225,680 | 0.37% | Shares |
| Atom Investors LP | $2,201,288 | 221,235 | 0.36% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $2,002,000 | 201,206 | 0.33% | Shares |
| Advisors Capital Management, LLC | $1,957,436 | 196,727 | 0.32% | Shares |
| QRG CAPITAL MANAGEMENT, INC. | $1,703,688 | 171,225 | 0.28% | Shares |
| Invesco Ltd. | $1,575,573 | 158,349 | 0.26% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,574,035 | 161,109 | 0.26% | Shares |
| RHUMBLINE ADVISERS | $1,479,484 | 148,692 | 0.25% | Shares |
| Palogic Value Management, L.P. | $1,453,695 | 146,100 | 0.24% | Shares |
| State of New Jersey Common Pension Fund D | $1,418,611 | 142,574 | 0.24% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,354,195 | 136,100 | 0.22% | Call option |
| XTX Topco Ltd | $1,343,081 | 134,983 | 0.22% | Shares |
| AVISO WEALTH MANAGEMENT | $1,264,380 | 127,073 | 0.21% | Shares |
| Farther Finance Advisors, LLC | $1,142,280 | 114,802 | 0.19% | Shares |
| Cerity Partners LLC | $1,059,535 | 106,486 | 0.18% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,030,334 | 105,459 | 0.17% | Shares |
| Edgestream Partners, L.P. | $1,005,030 | 101,008 | 0.17% | Shares |
| BANK OF AMERICA CORP /DE/ | $992,303 | 99,729 | 0.16% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $974,831 | 97,973 | 0.16% | Shares |
| BlackRock, Inc. | $917,460 | 92,207 | 0.15% | Shares |
| D. E. Shaw & Co., Inc. | $903,022 | 90,756 | 0.15% | Shares |
| LPL Financial LLC | $845,864 | 85,012 | 0.14% | Shares |
| DEUTSCHE BANK AG\ | $790,189 | 79,416 | 0.13% | Shares |
| Graham Capital Management, L.P. | $749,235 | 75,300 | 0.12% | Shares |
| MML INVESTORS SERVICES, LLC | $729,045 | 73,271 | 0.12% | Shares |
| Capital Square, LLC | $666,205 | 67,635 | 0.11% | Shares |
| MetLife Investment Management, LLC | $665,546 | 66,889 | 0.11% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $647,367 | 65,062 | 0.11% | Shares |
| AlphaQuest LLC | $643,179 | 58,524 | 0.11% | Shares |
| Pallas Capital Advisors LLC | $610,970 | 61,404 | 0.10% | Shares |
| STIFEL FINANCIAL CORP | $600,125 | 60,314 | 0.10% | Shares |
| CITIGROUP INC | $588,204 | 59,116 | 0.10% | Shares |
| FRANKLIN RESOURCES INC | $587,896 | 59,085 | 0.10% | Shares |
| JANUS HENDERSON GROUP PLC | $534,751 | 54,678 | 0.09% | Shares |
| CITADEL ADVISORS LLC | $528,345 | 53,100 | 0.09% | Call option |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $482,714 | 48,514 | 0.08% | Shares |
| MORGAN STANLEY | $473,962 | 47,634 | 0.08% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $462,317 | 46,464 | 0.08% | Shares |
| Ruggaard & Associates LLC | $455,281 | 45,757 | 0.08% | Shares |
| Delphi Financial Group, Inc. | $447,750 | 45,000 | 0.07% | Shares |
| Vanguard Global Advisers, LLC | $439,163 | 44,137 | 0.07% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $438,138 | 44,034 | 0.07% | Shares |
| Quantinno Capital Management LP | $411,946 | 41,401 | 0.07% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $365,490 | 36,733 | 0.06% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $365,019 | 36,685 | 0.06% | Shares |
| Nebula Research & Development LLC | $363,726 | 33,835 | 0.06% | Shares |
| EVERGREEN CAPITAL MANAGEMENT LLC | $363,131 | 35,671 | 0.06% | Shares |
| NEUBERGER BERMAN GROUP LLC | $357,633 | 35,943 | 0.06% | Shares |
| KEYBANK NATIONAL ASSOCIATION/OH | $355,842 | 35,763 | 0.06% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $349,365 | 35,112 | 0.06% | Shares |
| CAXTON ASSOCIATES LLP | $343,713 | 34,544 | 0.06% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $330,400 | 33,206 | 0.05% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $321,753 | 32,337 | 0.05% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $314,390 | 31,597 | 0.05% | Shares |
| Police & Firemen's Retirement System of New Jersey | $314,261 | 31,584 | 0.05% | Shares |
| Dynamic Technology Lab Private Ltd | $314,000 | 31,539 | 0.05% | Shares |
| Creative Planning | $288,204 | 28,965 | 0.05% | Shares |
| Sage Investment Counsel LLC | $288,035 | 28,948 | 0.05% | Shares |
| Visionary Wealth Advisors | $279,685 | 28,109 | 0.05% | Shares |
Company insiders 20 insiders · 10 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Brian Harris | Chief Executive Officer | Feb. 20, 2026 F | 528,768 | 1 | 0 | $51,600 |
| Paul J. Miceli | Chief Financial Officer | Feb. 20, 2026 F | 333,457 | 0 | 0 | $0 |
| Marc Fox | Chief Financial Officer | Jan. 25, 2021 S | 359,403 | 0 | 0 | $0 |
| Pamela Mccormack | President | May 6, 2026 G | 433,157 | 0 | 0 | $0 |
| Anthony Vincent Esposito | Chief Accounting Officer | Feb. 20, 2026 F | 61,010 | 1 | 0 | $637 |
| Kelly Amanda Porcella | Chief Admin Off & Gen Counsel | Feb. 20, 2026 F | 315,895 | 0 | 0 | $0 |
| Robert Perelman | Head of Asset Management | Feb. 20, 2026 F | 463,684 | 0 | 0 | $0 |
| Kevin Moclair | Chief Accounting Officer | Feb. 10, 2022 F | 13,729 | 0 | 0 | $0 |
| Thomas Harney | Head-Merchant Banking & Cap Mk | March 7, 2019 F | 447,328 | 0 | 0 | $0 |
| Greta Guggenheim | Chief Investment Officer | Aug. 18, 2015 F | 144,638 | 0 | 0 | $0 |
| David Alan Weiner | Director | Feb. 18, 2026 A | 49,408 | 0 | 0 | $0 |
| Jeffrey B Steiner | Director | Feb. 18, 2026 A | 34,509 | 0 | 1 | $-212,148 |
| Mark David Alexander | Director | Feb. 18, 2026 A | 36,427 | 0 | 0 | $0 |
| Douglas Durst | Director | Feb. 18, 2026 A | 72,956 | 0 | 0 | $0 |
| Alan H Fishman | Director | Feb. 18, 2026 A | 1,252,181 | 0 | 0 | $0 |
| Michael Mazzei | Director | Feb. 25, 2020 F | 968,545 | 0 | 0 | $0 |
| Richard L. O'Toole | Director | Feb. 18, 2019 A | 14,564 | 0 | 0 | $0 |
| Howard Park | Director | March 9, 2017 C | 2,030,931 | 0 | 0 | $0 |
| Joel Clinton Peterson | Director | Feb. 17, 2015 A | 7,066 | 0 | 0 | $0 |
| Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp | 10% owner | Dec. 12, 2016 J | 9,130,756 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 6 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 |
|---|---|---|---|---|---|
| Brian Harris ×4 filings | Feb. 20, 2026 | 6.80% | Amendment | — | SEC |
| RELATED FUND MANAGEMENT, LLC, RELATED REAL ESTATE FUND II GP-A, LLC, RELATED REAL ESTATE FUND II GP, L.P., RELATED REAL ESTATE FUND II, L.P., RREFII ACQUISITIONS, LLC, RREF II LADDER LLC ×7 filings | March 14, 2019 | — | Initial filing | — | SEC |
| GI Partners Fund III L.P., GI Ladder Holdco, LLC, GI Partners Fund III-A L.P., GI Partners Fund III-B L.P., GI GP III L.P., GI Holdings III L.P., GI GP III LLC ×8 filings | Dec. 6, 2017 | — | Initial filing | — | SEC |
| OCP LCF Holdings Inc., OMERS Administration Corporation ×4 filings | Nov. 28, 2017 | — | Initial filing | Passive investment | SEC |
| TowerBrook Investors, Ltd., TowerBrook Investors GP II, L.P., TowerBrook Investors II, L.P., TowerBrook Investors II Executive Fund, L.P., TI II Ladder Holdings, LLC, Neal Moszkowski, Ramez Sousou ×5 filings | June 16, 2017 | — | Initial filing | — | SEC |
| TowerBrook Investors Ltd., TowerBrook Investors GP II, L.P., TowerBrook Investors II, L.P., TowerBrook Investors II AIV, L.P., TowerBrook Investors II Executive Fund, L.P., TI II Ladder Holdings, LLC, Neal Moszkowski, Ramez Sousou ×2 filings | Jan. 28, 2016 | — | Initial filing | — | 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 44 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 |
|---|---|---|---|---|
| HYIN · WisdomTree Trust | 3.26% | 164,475 NS | May 31, 2026 | N-PORT |
| SRET · Global X Funds | 3.08% | 708,836 NS | April 30, 2026 | N-PORT |
| REM · iShares Trust | 2.53% | 1,412,989 SH | Aug. 8, 2026 | Daily |
| OSCV · ETF Series Solutions | 1.01% | 669,044 NS | April 30, 2026 | N-PORT |
| SDIV · Global X Funds | 0.96% | 1,186,370 NS | April 30, 2026 | N-PORT |
| FYT · First Trust Exchange-Traded AlphaDE… | 0.37% | 65,427 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.18% | 212,605 NS | April 30, 2026 | N-PORT |
| BSCU · Invesco Exchange-Traded Self-Indexe… | 0.13% | 3,580,000 | Aug. 8, 2026 | Daily |
| JPSE · J.P. Morgan Exchange-Traded Fund Tr… | 0.13% | 75,824 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.12% | 1,320 NS | April 30, 2026 | N-PORT |
| FAB · First Trust Exchange-Traded AlphaDE… | 0.08% | 10,177 NS | April 30, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.07% | 100,027 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.07% | 1,057,142 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.06% | 44,188 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.06% | 274,177 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.04% | 385,197 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.04% | 10,848 | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.04% | 106,617 | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.04% | 49,498 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.03% | 2,907,401 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.03% | 24,895 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 657,605 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.03% | 5,377 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 525,979 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.02% | 1,581,803 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.02% | 4,206 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 5,184 SH | Aug. 8, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.02% | 32,363 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 4,259 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 7,597 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,265,889 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 2,485,595 SH | Aug. 8, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.01% | 185,858 SH | Aug. 8, 2026 | Daily |
| TILT · FlexShares Trust | 0.01% | 16,016 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 4,867 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 107 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 4,434 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 63,051 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 146,168 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 28,503 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,456,837 SH | Aug. 8, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 77,583 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 9,350 SH | Aug. 8, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.00% | 25,100 SH | Aug. 8, 2026 | Daily |