LENZ LENZ Therapeutics, Inc. - Common Stock
$4.84
Price · Aug 18, 2026
Fundamentals as of Aug 11, 2026
52W Range
$5–$50
1% of range
Analyst Rating
STRONG BUY
13 analysts
Price Target
$24
+396% upside
P/E (TTM)
-1.7
ROE
-33.5%
Net Profit Margin
-430.2%
LENZ Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$4.84
Market Cap
$152M
P/E (TTM)
-1.7
EPS (TTM)
$-2.85
Revenue (TTM)
$19M
Div Yield
—
ROE
-33.5%
Debt/Equity
—
52W Range
$5 – $50
LENZ Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$19M
2024-12-31
→
2025-12-31
EPS
$-2.85
2021-12-31
→
2025-12-31
Free Cash Flow
$-70M
2021-12-31
→
2025-12-31
Margins
-430.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LENZ
Peer Median
P/E (TTM)
-1.7
23.4
P/S (TTM)
8.0
11.2
P/B
0.5
2.5
Price / FCF
-2.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LENZ
Peer Median
Operating Margin
-477.5%
—
Net Profit Margin
-430.2%
-199.7%
ROA
-31.5%
-34.8%
ROE
-33.5%
-33.2%
ROIC
-32.2%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LENZ
Peer Median
Current Ratio
14.2
1.5
Quick Ratio
1.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LENZ
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LENZ
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| March 22, 2024 | $7.2100 |
| March 15, 2024 | $7.2100 |
LENZ Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 6 46.2%
- Buy 5 38.5%
- Hold 2 15.4%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-18
Median
$10.00
Mean
$24.00
← Below all targets
$4.84
Low
$7.00
High
$60.00
Median target
$10.00
+106.6%
Mean target
$24.00
+395.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-1.02 | $-1.10 | 0.08% |
| March 31, 2026 | $-1.32 | $-1.09 | -0.23% |
| Dec. 31, 2025 | $-1.16 | $-0.99 | -0.17% |
| Sept. 30, 2025 | $-0.59 | $-0.72 | 0.13% |
| June 30, 2025 | $-0.51 | $-0.62 | 0.11% |
| March 31, 2025 | $-0.53 | $-0.56 | 0.03% |
| Dec. 31, 2024 | $-0.46 | $-0.42 | -0.04% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LENZ | $502M | -5.6 | — | -430.2% | -33.5% | — |
| ORMP | $112M | 1.9 | -50.4% | 3202.5% | 37.0% | 0.65% |
| AARD | $286M | -4.5 | — | — | -47.3% | — |
| NRXP | — | — | — | — | — | — |
| NTHI | — | -2.6 | -51.8% | — | — | — |
| CPIX | $60M | -20.9 | 17.6% | -6.4% | -11.9% | — |
| LLY | — | 46.8 | 44.7% | 31.7% | 101.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue | $19M | $0 | |
| Cost of Revenue | $418.0K | $0 | |
| R&D Expense | $19M | $30M | |
| SG&A Expense | $91M | $29M | |
| Operating Expenses | $110M | $59M | |
| Operating Income | $-91M | $-59M | |
| Interest Income | $10M | $9M | |
| Other Non-op | $-243.0K | $289.0K | |
| Pretax Income | $-82M | $-50M | |
| Income Tax | $502.0K | $1.0K | |
| Net Income | $-82M | $-50M | |
| EPS (Basic) | $-2.85 | $-2.34 | |
| EPS (Diluted) | $-2.85 | $-2.34 | |
| Shares (Basic) | 28,813,164 | 21,281,038 | |
| Shares (Diluted) | 28,813,164 | 21,281,038 | |
| EBITDA | $-91M | $-59M |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Cash & Equivalents | $25M | $20M | |
| Receivables | $329.0K | $0 | |
| Inventory | $3M | $0 | |
| Prepaid Expense | $6M | $3M | |
| Current Assets | $301M | $212M | |
| PP&E (Net) | $1M | $651.0K | |
| PP&E (Gross) | $2M | $719.0K | |
| Accum. Depreciation | $355.0K | $68.0K | |
| Other Non-current Assets | $3M | $1M | |
| Total Assets | $306M | $215M | |
| Accounts Payable | $4M | $4M | |
| Accrued Liabilities | $17M | $6M | |
| Current Liabilities | $21M | $10M | |
| Capital Leases | $350.0K | $814.0K | |
| Other Non-current Liabilities | · | $0 | |
| Total Liabilities | $22M | $11M | |
| Common Stock | $1.0K | $1.0K | |
| Paid-in Capital | $511M | $349M | |
| Retained Earnings | $-227M | $-145M | |
| AOCI | $242.0K | $196.0K | |
| Stockholders' Equity | $284M | $204M | |
| Liabilities + Equity | $306M | $215M | |
| Shares Outstanding | 31,344,782 | 27,518,439 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| D&A | $287.0K | $58.0K | |
| Stock-based Comp | $13M | $6M | |
| Deferred Tax | $0 | $0 | |
| Other Non-cash | $123.0K | $-16M | |
| Operating Cash Flow | $-69M | $-59M | |
| CapEx | $827.0K | $468.0K | |
| Investing Cash Flow | $-76M | $-154M | |
| Stock Issued | · | $80M | |
| Net Stock Activity | · | $80M | |
| Financing Cash Flow | $150M | $199M | |
| Net Change in Cash | $5M | $-15M | |
| Taxes Paid | $502.0K | · | |
| Free Cash Flow | $-70M | $-60M |
Profitability 7
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Operating Margin | -477.5% | · | |
| Net Margin | -430.2% | · | |
| Pretax Margin | -427.6% | · | |
| EBITDA Margin | -476.0% | · | |
| ROA | -31.5% | -34.8% | |
| ROE | -33.5% | -23.7% | |
| ROIC | -32.2% | -28.7% |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Current Ratio | 14.2 | 20.4 | |
| Quick Ratio | 1.2 | 1.9 |
Efficiency 3
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Asset Turnover | 0.1 | · | |
| Inventory Turnover | 0.3 | · | |
| Receivables Turnover | 116.0 | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 |
|---|---|---|---|
| Revenue TTM | $19M | $0 | |
| Net Income TTM | $-82M | $-50M | |
| Market Cap | $502M | $794M | |
| P/E | -5.6 | -12.3 | |
| P/S | 26.3 | · | |
| P/B | 1.8 | 3.9 | |
| P / Tangible Book | 1.8 | 3.9 | |
| P / Cash Flow | -7.3 | -13.4 | |
| P / FCF | -7.2 | -13.3 | |
| Earnings Yield | -17.8% | -8.1% |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5M | $2M | $2M | $12M | $5M | $0 | $0 | $0 | $0 | |
| Cost of Revenue | $280.0K | $1M | · | · | $0 | $0 | · | · | · | |
| R&D Expense | $0 | $0 | $0 | $4M | $9M | $6M | $6M | $6M | $7M | |
| SG&A Expense | $39M | $45M | $40M | $28M | $13M | $11M | $9M | $6M | $7M | |
| Operating Expenses | $40M | $46M | $40M | $31M | $22M | $17M | $15M | $13M | $14M | |
| Operating Income | $-34M | $-44M | $-38M | $-19M | $-17M | $-17M | $-15M | $-13M | $-14M | |
| Interest Income | $2M | $3M | $3M | $2M | $2M | $2M | $3M | $3M | $2M | |
| Other Non-op | $-13.0K | $3.0K | $-417.0K | $-14.0K | $199.0K | $-11.0K | $8.0K | $-6.0K | $2M | |
| Pretax Income | $-32M | · | $-36M | $-17M | $-14M | · | $-13M | $-10M | $-10M | |
| Income Tax | $3.0K | · | $2.0K | $0 | $500.0K | · | $1.0K | $0 | $0 | |
| Net Income | $-32M | $-41M | $-36M | $-17M | $-15M | $-15M | $-13M | $-10M | $-10M | |
| EPS (Basic) | $-1.02 | $-1.32 | $-1.20 | $-0.59 | $-0.53 | $-0.53 | $1.97 | $-0.38 | $-0.40 | |
| EPS (Diluted) | $-1.02 | $-1.32 | $-1.20 | $-0.59 | $-0.53 | $-0.53 | $1.97 | $-0.38 | $-0.40 | |
| Shares (Basic) | 31,374,311 | 31,352,702 | -55,332,525 | 28,540,519 | 28,079,071 | 27,526,099 | -36,217,499 | 27,172,330 | 25,608,594 | |
| Shares (Diluted) | 31,374,311 | 31,352,702 | -55,332,525 | 28,540,519 | 28,079,071 | 27,526,099 | -36,217,499 | 27,172,330 | 25,608,594 | |
| EBITDA | $-34M | $-44M | · | $-19M | $-17M | $-17M | · | $-13M | $-14M |
Balance Sheet 23
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $24M | $25M | $25M | $25M | $38M | $23M | $20M | $41M | $84M | |
| Receivables | $442.0K | $343.0K | $329.0K | · | · | · | $0 | · | · | |
| Inventory | $4M | $3M | $3M | $949.0K | · | · | $0 | · | · | |
| Prepaid Expense | $9M | $6M | $6M | $4M | $4M | $4M | $3M | $3M | $3M | |
| Current Assets | $233M | $268M | $301M | $207M | $214M | $198M | $212M | $221M | $199M | |
| PP&E (Net) | $1M | $1M | $1M | $1M | $1M | $926.0K | $651.0K | $372.0K | $164.0K | |
| PP&E (Gross) | · | · | $2M | · | · | · | $719.0K | · | · | |
| Accum. Depreciation | · | · | $355.0K | · | · | · | $68.0K | · | · | |
| Other Non-current Assets | $2M | $2M | $3M | $2M | $2M | $1M | $1M | $1M | $1M | |
| Total Assets | $237M | $273M | $306M | $211M | $217M | $201M | $215M | $224M | $203M | |
| Accounts Payable | $7M | $11M | $4M | $4M | $3M | $4M | $4M | $3M | $4M | |
| Accrued Liabilities | $10M | $15M | $17M | $12M | $8M | $5M | $6M | $5M | $4M | |
| Current Liabilities | $17M | $26M | $21M | $16M | $10M | $9M | $10M | $8M | $9M | |
| Capital Leases | $122.0K | $237.0K | $350.0K | $461.0K | $569.0K | $673.0K | $814.0K | $953.0K | $1M | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | $64.0K | $83.0K | |
| Total Liabilities | $17M | $26M | $22M | $17M | $11M | $9M | $11M | $9M | $10M | |
| Common Stock | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $0 | $0 | |
| Paid-in Capital | $520M | $516M | $511M | $385M | $381M | $352M | $349M | $347M | $315M | |
| Retained Earnings | $-301M | $-269M | $-227M | $-191M | $-175M | $-160M | $-145M | $-132M | $-122M | |
| AOCI | $-629.0K | $-450.0K | $242.0K | $227.0K | $38.0K | $123.0K | $196.0K | $523.0K | $-62.0K | |
| Stockholders' Equity | $219M | $246M | $284M | $194M | $206M | $192M | $204M | $215M | $193M | |
| Liabilities + Equity | $237M | $273M | $306M | $211M | $217M | $201M | $215M | $224M | $203M | |
| Shares Outstanding | 31,416,892 | 31,354,394 | 31,344,782 | 28,588,261 | 28,500,122 | 27,535,663 | 27,518,439 | 27,480,634 | 25,845,671 |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $110.0K | $111.0K | $107.0K | $125.0K | $19.0K | $36.0K | $25.0K | $10.0K | $18.0K | |
| Stock-based Comp | $4M | $4M | $4M | $3M | $3M | $3M | $2M | $2M | $2M | |
| Other Non-cash | · | $3M | · | · | · | $-4M | · | · | · | |
| Operating Cash Flow | $-39M | $-34M | $-33M | $-9M | $-12M | $-16M | $-9M | $-11M | $-16M | |
| CapEx | $16.0K | $18.0K | $38.0K | $439.0K | $240.0K | $110.0K | $149.0K | $186.0K | $133.0K | |
| Investing Cash Flow | $38M | $33M | $-90M | $-4M | $-414.0K | $19M | $-12M | $-62M | $-98M | |
| Stock Issued | · | · | · | · | · | $0 | · | $30M | $-4M | |
| Net Stock Activity | · | · | · | · | · | $0 | · | · | · | |
| Financing Cash Flow | $395.0K | $14.0K | $123M | $598.0K | $26M | $44.0K | $53.0K | $30M | $-2M | |
| Net Change in Cash | $-564.0K | $-407.0K | $-220.0K | $-12M | $15M | $3M | $-21M | $-43M | $-116M | |
| Free Cash Flow | · | $-34M | · | · | · | $-16M | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -622.9% | -2321.7% | · | -151.1% | -337.1% | · | · | · | · | |
| Net Margin | -581.8% | -2182.4% | · | -133.6% | -298.2% | · | · | · | · | |
| Pretax Margin | -581.8% | · | · | -133.6% | -288.2% | · | · | · | · | |
| EBITDA Margin | -622.9% | -2315.8% | · | -151.1% | -337.1% | · | · | · | · | |
| ROA | -14.1% | -17.5% | · | -7.7% | -7.1% | -7.0% | · | -4.2% | -4.2% | |
| ROE | -15.0% | -18.9% | · | -8.2% | -7.5% | -7.5% | · | -4.9% | -4.9% | |
| ROIC | -15.6% | · | · | -9.7% | -8.5% | · | · | · | · |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 13.6 | 10.4 | · | 12.7 | 20.5 | 23.1 | · | 28.6 | 23.2 | |
| Quick Ratio | 1.4 | 1.0 | · | 1.6 | 3.6 | 2.7 | · | 5.3 | 9.8 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.1 | 0.0 | · | · | · | · | |
| Inventory Turnover | 0.1 | 0.6 | · | · | · | · | · | · | · | |
| Receivables Turnover | 24.8 | 11.1 | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $25M | $19M | · | · | · | · | · | · | · | |
| Net Income TTM | $-105M | $-88M | · | $-56M | $-50M | $-52M | · | $-56M | $-61M | |
| Market Cap | $178M | $287M | · | $1.33B | $835M | $708M | · | $652M | $447M | |
| P/E | -1.6 | -3.1 | · | -22.9 | -15.9 | -5.3 | · | -1.7 | -0.8 | |
| P/S | 7.2 | 14.8 | · | · | · | · | · | · | · | |
| P/B | 0.8 | 1.2 | · | 6.9 | 4.0 | 3.7 | · | 3.0 | 2.3 | |
| P / Tangible Book | 0.8 | 1.2 | · | 6.9 | 4.0 | 3.7 | · | 3.0 | 2.3 | |
| P / Cash Flow | · | -8.5 | · | · | · | -44.1 | · | · | · | |
| P / FCF | · | -8.5 | · | · | · | -43.8 | · | · | · | |
| Earnings Yield | -60.9% | -32.5% | · | -4.4% | -6.3% | -18.8% | · | -58.7% | -121.9% |
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 | $19M | $0 | — | — | — |
| Operating Margin % | -477.5% | — | — | — | — |
| Net Income | $-82M | $-50M | $-70M | $-101M | $-71M |
| Diluted EPS | $-2.85 | $-2.34 | $-35.71 | $-1.84 | $-2.45 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 14.2 | 20.4 | 39.2 | — | 31.4 |
| Quick Ratio | 1.2 | 1.9 | 38.4 | — | 31.0 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-70M | $-60M | $-101M | — | $-59M |
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Institutional owners (13F) 158 filers · $166.6M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 33 (+1 vs prior Q) | 22 (-18 vs prior Q) | 59 (+6 vs prior Q) | 29 (-2 vs prior Q) | +4.1M |
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 |
|---|---|---|---|---|
| RA CAPITAL MANAGEMENT, L.P. | $23,735,715 | 4,178,823 | 14.25% | Shares |
| Alpha Wave Global, LP | $20,517,358 | 3,612,211 | 12.32% | Shares |
| Versant Venture Management, LLC | $15,091,124 | 2,656,888 | 9.06% | Shares |
| FMR LLC | $10,834,986 | 1,907,568 | 6.50% | Shares |
| Squarepoint Ops LLC | $9,923,505 | 1,747,096 | 5.96% | Shares |
| Aberdeen Group plc | $8,791,975 | 1,547,883 | 5.28% | Shares |
| MILLENNIUM MANAGEMENT LLC | $8,568,155 | 1,508,478 | 5.14% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $6,235,248 | 1,097,755 | 3.74% | Shares |
| 72 Investment Holdings, LLC | $5,780,826 | 1,017,751 | 3.47% | Shares |
| Blue Owl Capital Holdings LP | $4,298,181 | 756,722 | 2.58% | Shares |
| Trexquant Investment LP | $2,825,948 | 497,526 | 1.70% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $2,749,303 | 483,898 | 1.65% | Shares |
| Qube Research & Technologies Ltd | $2,738,868 | 482,195 | 1.64% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $2,682,096 | 472,200 | 1.61% | Shares |
| TANG CAPITAL MANAGEMENT LLC | $2,562,328 | 451,114 | 1.54% | Shares |
| Alyeska Investment Group, L.P. | $2,492,850 | 438,882 | 1.50% | Shares |
| VANGUARD GROUP INC | $2,351,216 | 146,951 | 1.41% | Shares |
| STATE STREET CORP | $2,309,908 | 406,674 | 1.39% | Shares |
| CITADEL ADVISORS LLC | $2,063,141 | 363,229 | 1.24% | Shares |
| TWO SIGMA INVESTMENTS, LP | $1,622,117 | 285,584 | 0.97% | Shares |
| Rock Springs Capital Management LP | $1,462,373 | 257,460 | 0.88% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,450,729 | 255,410 | 0.87% | Shares |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | $1,370,584 | 241,300 | 0.82% | Shares |
| TWO SIGMA ADVISERS, LP | $1,238,816 | 77,426 | 0.74% | Shares |
| Jefferies Financial Group Inc. | $1,137,704 | 200,300 | 0.68% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,098,075 | 193,323 | 0.66% | Shares |
| BlackRock, Inc. | $1,018,555 | 179,323 | 0.61% | Shares |
| SCOGGIN MANAGEMENT LP | $994,000 | 175,000 | 0.60% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $981,544 | 172,807 | 0.59% | Shares |
| Susquehanna Portfolio Strategies, LLC | $875,021 | 154,053 | 0.53% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $848,819 | 149,440 | 0.51% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $831,416 | 146,376 | 0.50% | Shares |
| Quantinno Capital Management LP | $782,221 | 137,715 | 0.47% | Shares |
| XTX Topco Ltd | $741,950 | 130,625 | 0.45% | Shares |
| CITADEL ADVISORS LLC | $617,984 | 108,800 | 0.37% | Put option |
| CITADEL ADVISORS LLC | $616,848 | 108,600 | 0.37% | Call option |
| DEBUSSY CAPITAL MANAGEMENT LP | $586,076 | 64,052 | 0.35% | Shares |
| Affinity Asset Advisors, LLC | $568,000 | 100,000 | 0.34% | Shares |
| Woodline Partners LP | $568,000 | 100,000 | 0.34% | Shares |
| MANGROVE PARTNERS IM, LLC | $549,534 | 96,749 | 0.33% | Shares |
| Rockefeller Capital Management L.P. | $524,548 | 92,350 | 0.31% | Shares |
| HSBC HOLDINGS PLC | $448,538 | 79,811 | 0.27% | Shares |
| Corient Private Wealth LP | $424,468 | 74,730 | 0.25% | Shares |
| GOLDMAN SACHS GROUP INC | $414,055 | 72,897 | 0.25% | Shares |
| Y-Intercept (Hong Kong) Ltd | $401,735 | 70,728 | 0.24% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $401,167 | 70,628 | 0.24% | Shares |
| JANE STREET GROUP, LLC | $327,736 | 57,700 | 0.20% | Put option |
| AlphaQuest LLC | $313,808 | 19,613 | 0.19% | Shares |
| MORGAN STANLEY | $309,583 | 54,504 | 0.19% | Shares |
| Schonfeld Strategic Advisors LLC | $303,662 | 53,462 | 0.18% | Shares |
| BARCLAYS PLC | $281,063 | 49,483 | 0.17% | Shares |
| Quadrature Capital Ltd | $279,070 | 49,132 | 0.17% | Shares |
| Jain Global LLC | $273,719 | 48,190 | 0.16% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $255,600 | 45,000 | 0.15% | Shares |
| ALLIANCEBERNSTEIN L.P. | $241,432 | 26,386 | 0.14% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $231,017 | 40,672 | 0.14% | Shares |
| JANE STREET GROUP, LLC | $220,952 | 38,900 | 0.13% | Call option |
| ALLSTATE CORP | $200,345 | 35,272 | 0.12% | Shares |
| KELLEHER FINANCIAL ADVISORS | $193,381 | 34,046 | 0.12% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $191,416 | 33,700 | 0.11% | Put option |
| Connor, Clark & Lunn Investment Management Ltd. | $188,900 | 33,257 | 0.11% | Shares |
| Atom Investors LP | $180,772 | 31,826 | 0.11% | Shares |
| Nuveen Asset Management, LLC | $170,564 | 5,908 | 0.10% | Shares |
| IEQ CAPITAL, LLC | $168,651 | 29,692 | 0.10% | Shares |
| KESTRA PRIVATE WEALTH SERVICES, LLC | $155,087 | 27,304 | 0.09% | Shares |
| DNB Asset Management AS | $141,960 | 24,993 | 0.09% | Shares |
| RHUMBLINE ADVISERS | $137,130 | 24,144 | 0.08% | Shares |
| MARSHALL WACE, LLP | $116,206 | 20,459 | 0.07% | Shares |
| Aigen Investment Management, LP | $113,912 | 20,055 | 0.07% | Shares |
| MML INVESTORS SERVICES, LLC | $113,844 | 20,043 | 0.07% | Shares |
| CWM, LLC | $111,996 | 12,240 | 0.07% | Shares |
| Brevan Howard Capital Management LP | $103,359 | 18,197 | 0.06% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $101,672 | 17,900 | 0.06% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $100,451 | 17,685 | 0.06% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $98,985 | 10,818 | 0.06% | Shares |
| WELLS FARGO & COMPANY/MN | $97,815 | 17,221 | 0.06% | Shares |
| Bank of New York Mellon Corp | $94,101 | 16,567 | 0.06% | Shares |
| DEUTSCHE BANK AG\ | $92,527 | 16,290 | 0.06% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $91,226 | 16,061 | 0.05% | Shares |
| Marex Group Ltd | $90,880 | 16,000 | 0.05% | Shares |
| Verdad Advisers, LP | $90,312 | 15,900 | 0.05% | Shares |
| Abel Hall, LLC | $90,176 | 15,876 | 0.05% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $73,783 | 12,990 | 0.04% | Shares |
| AXQ CAPITAL, LP | $72,386 | 12,744 | 0.04% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $69,802 | 12,289 | 0.04% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $68,467 | 12,054 | 0.04% | Shares |
| Mariner, LLC | $66,127 | 11,642 | 0.04% | Shares |
| AlphaCore Capital LLC | $60,668 | 10,681 | 0.04% | Shares |
| CITIGROUP INC | $56,584 | 9,962 | 0.03% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $53,608 | 9,438 | 0.03% | Shares |
| CIBC Private Wealth Group LLC | $53,381 | 1,146 | 0.03% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $52,824 | 9,300 | 0.03% | Shares |
| Invesco Ltd. | $52,120 | 9,176 | 0.03% | Shares |
| Vanguard Global Advisers, LLC | $49,052 | 8,636 | 0.03% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $32,904 | 5,793 | 0.02% | Shares |
| Pinnacle Wealth Planning Services, Inc. | $29,820 | 5,250 | 0.02% | Shares |
| China Universal Asset Management Co., Ltd. | $28,343 | 4,990 | 0.02% | Shares |
| FEDERATED HERMES, INC. | $27,815 | 4,897 | 0.02% | Shares |
| Police & Firemen's Retirement System of New Jersey | $26,145 | 4,603 | 0.02% | Shares |
| Arax Advisory Partners | $25,322 | 4,458 | 0.02% | Shares |
Company insiders 19 insiders · 3 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Joshua Lehrer-Graiwer | PRESIDENT AND CEO | Feb. 21, 2023 A | 1,161,670 | 0 | 0 | $0 |
| Alethia Young | Chief Financial Officer | Feb. 21, 2023 A | — | 0 | 0 | $0 |
| Phil Gutry | CHIEF BUSINESS OFFICER | April 11, 2022 P | 299,941 | 0 | 0 | $0 |
| Frederic Guerard | Director | June 15, 2026 A | — | 0 | 0 | $0 |
| Zachary Scheiner | Director | June 15, 2026 A | — | 0 | 0 | $0 |
| Jeffrey P. George | Director | June 15, 2026 A | — | 0 | 0 | $0 |
| Kimberlee C Drapkin | Director | June 15, 2026 A | — | 0 | 0 | $0 |
| Shelley B Thunen | Director | June 15, 2026 A | — | 0 | 0 | $0 |
| James W Mccollum | Director | June 15, 2026 A | — | 0 | 0 | $0 |
| Matthew Porteus | Director | July 19, 2023 A | — | 0 | 0 | $0 |
| Abraham Bassan | Director | July 19, 2023 A | — | 0 | 0 | $0 |
| Carlo Rizzuto | Director | July 19, 2023 A | — | 0 | 0 | $0 |
| Joanne L. Viney | Director | July 19, 2023 A | — | 0 | 0 | $0 |
| Smital Shah | Director | July 19, 2023 A | 5,882 | 0 | 0 | $0 |
| Davis Jerel | Director | July 19, 2023 A | 1,707,719 | 0 | 0 | $0 |
| Kristen Hege | Director | July 19, 2023 A | — | 0 | 0 | $0 |
| Perry A Karsen | Director | July 19, 2023 A | 164,034 | 0 | 0 | $0 |
| Joseph Jimenez | Director | July 19, 2023 A | 161,941 | 0 | 0 | $0 |
| Katherine V Stultz | — | June 29, 2021 C | 216,020 | 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 |
|---|---|---|---|---|---|
| Versant Venture Capital VI, L.P., Versant Ventures VI GP, L.P., Versant Ventures VI GP-GP, LLC, Versant Vantage II, L.P., Versant Vantage II GP, L.P., Versant Vantage II GP-GP, LLC, Versant Venture Capital VII, L.P., Versant Ventures VII GP, L.P., Versant Ventures VII GP-GP, LLC ×10 filings | Nov. 10, 2025 | 3.40% | Amendment | — | SEC |
| RA Capital Management, L.P., Peter Kolchinsky, Rajeev Shah, RA Capital Healthcare Fund, L.P. ×3 filings | Nov. 7, 2025 | 13.60% | Amendment | — | 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 26 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| BBP · ETFis Series Trust I | 0.79% | 52,170 NS | April 30, 2026 | N-PORT |
| HAPS · Harbor ETF Trust | 0.08% | 13,994 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.02% | 68,937 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.01% | 1,158 NS | May 31, 2026 | N-PORT |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.01% | 1,687 SH | Aug. 8, 2026 | Daily |
| IBB · iShares Trust | 0.01% | 199,477 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 17,834 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.01% | 170,847 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 8,615 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.00% | 939 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 104,012 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.00% | 527,791 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.00% | 734 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.00% | 5,375 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 742 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 688 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 19 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 1,386 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 7,666 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 5,812 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.00% | 195 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 253,113 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 819,606 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.00% | 117,478 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,227 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.00% | 56,784 SH | Aug. 8, 2026 | Daily |