LTBR Lightbridge Corporation - Common Stock
$7.98
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$7–$31
4% of range
Analyst Rating
—
Price Target
—
P/E (TTM)
-10.6
ROE
-13.0%
Net Profit Margin
—
LTBR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$7.98
Market Cap
$267M
P/E (TTM)
-10.6
EPS (TTM)
$-0.81
Revenue (TTM)
$0
Div Yield
—
ROE
-13.0%
Debt/Equity
—
52W Range
$7 – $31
LTBR 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
$0
2017-12-31
→
2025-12-31
EPS
$-0.81
2019-12-31
→
2024-12-31
Free Cash Flow
—
2020-12-31
→
2020-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
LTBR
Peer Median
P/E (TTM)
-10.6
13.1
P/B
1.3
1.6
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
LTBR
Peer Median
ROA
-16.0%
2.5%
ROE
-13.0%
3.9%
ROIC
-11.4%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
LTBR
Peer Median
Current Ratio
239.0
1.9
Quick Ratio
235.4
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
LTBR
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
LTBR
Peer Median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.18 | — | — |
| March 31, 2026 | $-0.20 | — | — |
| Dec. 31, 2025 | $-0.25 | — | — |
| Sept. 30, 2025 | $-0.16 | — | — |
| June 30, 2025 | $-0.16 | — | — |
| March 31, 2025 | $-0.24 | — | — |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| LTBR | $422M | -16.9 | — | — | -13.0% | — |
| NRP | — | — | -16.6% | — | — | — |
| NC | — | 20.9 | 16.6% | 6.3% | 4.2% | 13.9% |
| AREC | $265M | 3.9 | -99.7% | — | 718.3% | — |
| NUCL | — | — | — | — | — | — |
| SAFX | — | 0.5 | — | — | — | — |
| SAFX | — | 0.5 | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $175.4K | $760.6K | $910.5K | $1M | |
| Cost of Revenue | · | · | · | · | · | · | · | · | $107.1K | $456.6K | $694.3K | $756.3K | |
| Gross Profit | · | · | · | · | · | · | · | · | $68.4K | $304.0K | $216.2K | $553.9K | |
| R&D Expense | $9M | $5M | $2M | $669.8K | $1M | $891.6K | $3M | $3M | $2M | $3M | $1M | $2M | |
| SG&A Expense | $14M | $8M | $7M | $7M | $7M | $8M | $6M | $7M | $4M | $5M | $5M | $4M | |
| Operating Expenses | $23M | $13M | $9M | $8M | $9M | $15M | $8M | $10M | $7M | $8M | $7M | $5M | |
| Operating Income | $-23M | $-13M | $-9M | $-8M | $-8M | $-15M | $-11M | $-15M | $-7M | $-8M | $-7M | $-5M | |
| Interest Expense | · | · | · | · | · | · | · | · | $16.1K | $29.4K | · | $0 | |
| Other Non-op | $4M | $1M | $1M | $289.4K | $41.8K | $83.9K | $-3M | $-5M | $-16.1K | $-29.4K | $-6.8K | $-3.4K | |
| Pretax Income | $-20M | $-12M | $-8M | $-7M | $-8M | $-14M | $-11M | $-16M | $-7M | $-6M | $-4M | $-4M | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | · | · | $0 | $0 | |
| Net Income | $-20M | $-12M | $-8M | $-7M | $-8M | $-14M | $-11M | $-16M | $-7M | $-6M | $-4M | $-4M | |
| EPS (Basic) | · | · | · | $-0.69 | $-1.71 | $-3.59 | $-3.66 | · | · | · | · | · | |
| EPS (Diluted) | · | $-0.81 | $-0.65 | $-0.69 | $-1.71 | $-3.59 | $-3.66 | · | · | · | · | · | |
| Shares (Basic) | · | · | · | 10,834,574 | 7,035,510 | 4,216,568 | 3,107,580 | · | · | · | · | · | |
| Shares (Diluted) | 24,517,972 | 14,487,834 | 12,099,574 | · | 7,035,510 | 4,216,568 | 3,107,580 | 2,219,687 | 10,424,481 | 4,728,943 | 3,647,860 | 15,463,392 | |
| EBITDA | $-23M | $-13M | $-9M | $-8M | · | $-15M | · | $-15M | · | $-8M | $-7M | $-5M |
Balance Sheet 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $2M | $40M | · | $29M | $25M | $22M | $18M | $25M | $5M | $4M | $623.2K | $4M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Receivables | · | · | · | · | · | · | · | · | $10.4K | $388.4K | $139.8K | $469.1K | |
| Prepaid Expense | $713.0K | $324.4K | $207.1K | $115.3K | $113.5K | $172.5K | $47.4K | $36.7K | $70.1K | $80.9K | $168.0K | $205.2K | |
| Current Assets | $203M | $40M | $29M | $29M | $25M | $22M | $18M | $25M | $5M | $5M | $1M | $5M | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Intangibles | $119.4K | $108.9K | $108.9K | $108.2K | $101.6K | $85.6K | $1M | · | · | · | · | · | |
| Total Assets | $204M | $41M | $29M | $29M | $25M | $22M | $20M | $26M | $7M | $7M | $2M | $6M | |
| Accounts Payable | $847.5K | $424.6K | $486.3K | $350.3K | $171.5K | $382.1K | $350.3K | $258.1K | $1M | $1M | $1M | $653.7K | |
| Short-term Debt | · | · | · | · | · | · | · | · | · | $500.0K | · | · | |
| Current Liabilities | $847.5K | $424.6K | $486.3K | $350.3K | $171.5K | $5M | $350.3K | $476.3K | $1M | $1M | $1M | $653.7K | |
| Total Liabilities | · | · | · | · | · | · | · | · | $1M | $1M | $4M | $5M | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | $100.0K | · | · | |
| Common Stock | $33.4K | $18.8K | $13.7K | $11.9K | $9.8K | $699 | $3.3K | $2.7K | $12.7K | $7.1K | $3.7K | $18.1K | |
| Paid-in Capital | $387M | $205M | $181M | $174M | $162M | $146M | $134M | $129M | $94M | $86M | $73M | $71M | |
| Retained Earnings | $-184M | $-164M | $-152M | $-144M | $-137M | $-129M | $-115M | $-103M | $-88M | $-81M | $-74M | $-70M | |
| Stockholders' Equity | $203M | $41M | $29M | $29M | $25M | $17M | $19M | $25M | $6M | $6M | $-1M | $766.3K | |
| Liabilities + Equity | $204M | $41M | $29M | $29M | $25M | $22M | $20M | $26M | $7M | $7M | $2M | $6M | |
| Shares Outstanding | 33,407,495 | 18,783,912 | 13,698,274 | 11,900,217 | 9,759,223 | 6,567,110 | 3,252,371 | 2,738,508 | 12,737,703 | 7,112,143 | 3,725,819 | 18,082,874 |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Stock-based Comp | $6M | $2M | $1M | $4M | $3M | $70.3K | $822.8K | $2M | $1M | $2M | $2M | $282.3K | |
| Amort. of Intangibles | · | · | · | · | $0 | $100.1K | $89.6K | $0 | $0 | $0 | $0 | · | |
| Operating Cash Flow | $-14M | $-9M | $-6M | $-7M | $-11M | $-9M | $-7M | $-7M | $-5M | $-6M | $-4M | $-4M | |
| CapEx | · | · | · | · | · | $210.4K | $221.1K | · | · | · | · | · | |
| Investing Cash Flow | $-10.5K | $0 | $-640 | $-6.6K | $-16.0K | $-210.4K | $-4M | $-6M | $-207.2K | $-209.9K | $-117.0K | $-120.0K | |
| Stock Issued | · | $21M | $6M | $11M | $15M | $12M | $4M | $29M | $6M | $6M | $171.5K | $5M | |
| Net Stock Activity | · | $21M | $6M | $11M | · | $12M | · | $29M | · | $6M | $171.5K | $5M | |
| Financing Cash Flow | $176M | $21M | $6M | $11M | $14M | $12M | $4M | $33M | $6M | $9M | $170.8K | $5M | |
| Net Change in Cash | · | · | · | · | · | $4M | $-7M | $20M | $930.5K | $3M | $-4M | $547.3K | |
| Taxes Paid | $0 | $0 | $0 | $0 | · | · | · | · | · | · | · | · | |
| Free Cash Flow | · | · | · | · | · | $-9M | · | · | · | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | · | · | · | · | · | · | 40.0% | 23.8% | 42.3% | |
| Operating Margin | · | · | · | · | · | · | · | -5777.7% | · | -1003.8% | -726.9% | -367.6% | |
| Net Margin | · | · | · | · | · | · | · | -6057.4% | · | -834.3% | -474.2% | -278.9% | |
| Pretax Margin | · | · | · | · | · | · | · | · | · | -834.3% | -474.2% | -278.9% | |
| EBITDA Margin | · | · | · | · | · | · | · | -5777.7% | · | -1003.8% | -726.9% | -367.6% | |
| ROA | -16.0% | -33.5% | -26.9% | -27.6% | · | -69.8% | · | -94.2% | · | -97.1% | -157.9% | · | |
| ROE | -13.0% | -35.2% | -27.2% | -25.1% | · | -84.5% | · | -59.5% | · | -312.7% | 1178.5% | · | |
| ROIC | -11.4% | -32.2% | -31.3% | -26.7% | · | -84.3% | · | · | · | -137.4% | 441.5% | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 239.0 | 95.0 | 59.2 | 82.8 | · | 4.7 | · | 52.0 | · | 3.8 | 1.1 | · | |
| Quick Ratio | 235.4 | · | · | 82.5 | · | 4.7 | · | 51.7 | · | 3.3 | 0.6 | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -259.8 | · | · |
Efficiency 2
| 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 | · | 0.1 | 0.3 | · | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | 2.9 | 3.0 | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $248.3K | $175.4K | $760.6K | $910.5K | $1M | |
| Net Income TTM | $-20M | $-12M | $-8M | $-7M | $-8M | $-14M | $-11M | $-16M | $-7M | $-6M | $-4M | $-4M | |
| Market Cap | $422M | $89M | $44M | $46M | · | $28M | · | $217M | · | $97M | $1.12B | · | |
| P/E | -16.9 | -5.8 | -4.9 | -5.6 | -3.9 | -1.2 | -1.2 | · | · | · | · | · | |
| P/S | · | · | · | · | · | · | · | 873.6 | · | 127.9 | 1227.6 | · | |
| P/B | 2.1 | 2.2 | 1.5 | 1.6 | · | 1.6 | · | 8.4 | · | 17.5 | -745.6 | · | |
| P / Tangible Book | 2.1 | 2.2 | 1.5 | 1.6 | 2.6 | 1.6 | · | · | · | · | · | · | |
| P / Cash Flow | -29.6 | -9.4 | -6.8 | -6.8 | · | -3.2 | · | -29.2 | · | -16.3 | -306.2 | · | |
| P / FCF | · | · | · | · | · | -3.2 | · | · | · | · | · | · | |
| Earnings Yield | -5.9% | -17.1% | -20.2% | -17.7% | -25.8% | -84.9% | -81.3% | · | · | · | · | · |
Income Statement 14
| 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 | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| R&D Expense | $4M | $3M | $4M | $2M | $2M | $2M | $1M | $1M | $909.6K | $1M | $555.2K | $552.8K | $366.9K | $448.0K | $68.6K | $172.9K | |
| SG&A Expense | $4M | $4M | $5M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Operating Expenses | $8M | $8M | $9M | $5M | $4M | $5M | $4M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | $2M | $2M | |
| Operating Income | $-8M | $-8M | $-9M | $-5M | $-4M | $-5M | $-4M | $-3M | $-3M | $-3M | $-3M | $-2M | $-2M | $-2M | $-2M | $-2M | |
| Other Non-op | $2M | $1M | $2M | $1M | $622.1K | $374.9K | $264.2K | $318.6K | $327.6K | $362.0K | $263.1K | $322.1K | · | · | · | $71.3K | |
| Pretax Income | $-6M | $-6M | $-7M | $-4M | $-4M | $-5M | $-4M | $-3M | $-2M | $-3M | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Income | $-6M | $-6M | $-7M | $-4M | $-4M | $-5M | $-4M | $-3M | $-2M | $-3M | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | |
| EPS (Basic) | · | · | · | · | · | · | · | · | · | · | · | $-0.15 | $-0.14 | $-0.17 | · | $-0.18 | |
| EPS (Diluted) | $-0.18 | $-0.20 | · | $-0.16 | $-0.16 | $-0.24 | · | $-0.19 | $-0.17 | $-0.21 | $-0.19 | $-0.15 | $-0.14 | $-0.17 | · | $-0.18 | |
| Shares (Basic) | · | · | · | · | · | · | · | · | · | · | · | 12,252,342 | 11,773,594 | 11,673,736 | · | 11,085,657 | |
| Shares (Diluted) | 31,906,688 | 32,043,868 | -42,911,159 | 25,624,598 | 22,257,221 | 19,547,312 | -27,123,939 | 14,189,787 | 13,930,032 | 13,491,954 | · | · | · | 11,673,736 | · | · | |
| EBITDA | $-8M | $-8M | · | $-5M | $-4M | $-5M | · | $-3M | $-3M | $-3M | · | $-2M | $-2M | $-2M | · | $-2M |
Balance Sheet 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $192M | $63M | $200M | · | · | · | $40M | · | · | · | · | $29M | $28M | $28M | · | $31M | |
| Prepaid Expense | $1M | $1M | $713.0K | $1M | $460.9K | $546.3K | $324.4K | $403.9K | $302.7K | $401.9K | $207.1K | $252.4K | $355.6K | $393.4K | $115.3K | $305.9K | |
| Current Assets | $238M | $217M | $203M | $155M | $98M | $57M | $40M | $27M | $27M | $28M | $29M | $29M | $29M | $28M | $29M | $32M | |
| Intangibles | $127.2K | $127.0K | $119.4K | $115.0K | $115.0K | $108.9K | $108.9K | $108.9K | $108.9K | $108.9K | $108.9K | $108.9K | $108.2K | $108.2K | $108.2K | $107.8K | |
| Total Assets | $241M | $219M | $204M | $155M | $99M | $58M | $41M | $28M | $28M | $29M | $29M | $30M | $29M | $29M | $29M | $32M | |
| Accounts Payable | $2M | $1M | $847.5K | $2M | $1M | $966.2K | $424.6K | $1M | $932.8K | $907.4K | $486.3K | $875.6K | $592.7K | $576.0K | $350.3K | $1M | |
| Current Liabilities | $2M | $1M | $847.5K | $2M | $1M | $966.2K | $424.6K | $1M | $932.8K | $907.4K | $486.3K | $875.6K | $592.7K | $576.0K | $350.3K | $1M | |
| Common Stock | $37.4K | $35.0K | $33.4K | $30.4K | $25.5K | $21.6K | $18.8K | $15.3K | $14.6K | $14.2K | $13.7K | $12.9K | $12.5K | $12.1K | $11.9K | $11.5K | |
| Paid-in Capital | $434M | $408M | $387M | $330M | $270M | $226M | $205M | $187M | $185M | $183M | $181M | $179M | $177M | $175M | $174M | $173M | |
| Retained Earnings | $-196M | $-190M | $-184M | $-177M | $-172M | $-169M | $-164M | $-160M | $-158M | $-155M | $-152M | $-150M | $-148M | $-147M | $-144M | $-143M | |
| Stockholders' Equity | $239M | $218M | $203M | $154M | $98M | $57M | $41M | $26M | $27M | $28M | $29M | $29M | $29M | $28M | $29M | $31M | |
| Liabilities + Equity | $241M | $219M | $204M | $155M | $99M | $58M | $41M | $28M | $28M | $29M | $29M | $30M | $29M | $29M | $29M | $32M | |
| Shares Outstanding | 37,404,544 | 35,000,312 | 33,407,495 | 30,384,981 | 25,545,488 | 18,783,912 | 18,783,912 | 15,276,331 | 14,591,477 | 14,189,780 | 13,698,274 | 12,934,226 | 12,484,799 | 12,126,030 | 11,900,217 | 11,539,932 |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $1M | $2M | $2M | $2M | $750.9K | $1M | $868.6K | $439.3K | $399.2K | $456.9K | $355.8K | $300.7K | $316.8K | $284.4K | $3M | $175.7K | |
| Operating Cash Flow | $-4M | $-5M | $-6M | $-3M | $-2M | $-3M | $-4M | $-2M | $-2M | $-2M | $-2M | $-1M | $-1M | $-2M | $-3M | $-1M | |
| Investing Cash Flow | $-180 | $-7.6K | $-4.4K | $-1 | $-6.1K | $0 | $0 | $0 | $0 | $0 | $0 | $-640 | $0 | $0 | $-468 | $0 | |
| Stock Issued | $27M | $19M | · | $62M | $43M | $21M | · | $2M | $982.6K | $1M | $2M | $2M | $2M | $731.1K | $379.8K | $3M | |
| Net Stock Activity | · | $19M | · | · | · | $20M | · | · | · | $1M | · | · | · | $731.1K | · | · | |
| Financing Cash Flow | $25M | $19M | $55M | $58M | $43M | $20M | $17M | $2M | $972.1K | $1M | $2M | $2M | $2M | $731.1K | $275.2K | $3M | |
| Taxes Paid | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Profitability 3
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -3.4% | -4.6% | · | -4.5% | -5.5% | -10.9% | · | -9.2% | -8.3% | -9.8% | · | -6.0% | -5.7% | -7.0% | · | -8.4% | |
| ROE | -3.4% | -4.6% | · | -4.6% | -5.6% | -11.2% | · | -9.5% | -8.5% | -10.0% | · | -6.2% | -5.8% | -7.1% | · | -8.9% | |
| ROIC | -3.2% | -3.5% | · | -3.4% | -4.2% | -9.0% | · | -11.2% | -10.0% | -11.3% | · | -7.4% | -6.9% | -8.1% | · | -7.0% |
Liquidity & Solvency 2
| 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 | 116.6 | 168.1 | · | 99.1 | 82.4 | 59.5 | · | 23.3 | 29.3 | 31.2 | · | 33.7 | 48.2 | 49.4 | · | 26.5 | |
| Quick Ratio | 93.9 | 49.0 | · | · | · | · | · | · | · | · | · | 33.4 | 47.6 | 48.7 | · | 26.3 |
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 |
Valuation (TTM) 8
| 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 | · | · | · | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Net Income TTM | $-20M | $-19M | · | $-15M | $-13M | $-13M | · | $-10M | $-9M | $-8M | · | $-8M | $-7M | $-8M | · | $-8M | |
| Market Cap | $329M | $373M | · | $644M | $342M | $140M | · | $43M | $49M | $42M | · | $58M | $73M | $50M | · | $53M | |
| P/E | -12.6 | -14.0 | · | -28.3 | -17.6 | -9.2 | · | -3.9 | -5.0 | -4.4 | · | -7.0 | -9.2 | -5.9 | · | -5.5 | |
| P/B | 1.4 | 1.7 | · | 4.2 | 3.5 | 2.4 | · | 1.6 | 1.8 | 1.5 | · | 2.0 | 2.5 | 1.8 | · | 1.7 | |
| P / Tangible Book | 1.4 | 1.7 | · | 4.2 | 3.5 | 2.4 | · | 1.6 | 1.8 | 1.5 | · | 2.0 | 2.6 | 1.8 | · | 1.7 | |
| P / Cash Flow | · | -78.2 | · | · | · | -42.5 | · | · | · | -22.3 | · | · | · | -31.5 | · | · | |
| Earnings Yield | -8.0% | -7.1% | · | -3.5% | -5.7% | -10.9% | · | -25.7% | -19.9% | -22.7% | · | -14.2% | -10.8% | -16.8% | · | -18.2% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 |
| Net Income | $-20M | $-12M | $-8M | $-7M | $-8M |
| Diluted EPS | — | $-0.81 | $-0.65 | $-0.69 | $-1.71 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 239.0 | 95.0 | 59.2 | 82.8 | — |
| Quick Ratio | 235.4 | — | — | 82.5 | — |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 142 filers · $119.2M 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 |
|---|---|---|---|---|
| 26 (+1 vs prior Q) | 23 (+11 vs prior Q) | 40 (-6 vs prior Q) | 39 (+5 vs prior Q) | +1.7M |
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 |
|---|---|---|---|---|
| STATE STREET CORP | $24,871,323 | 2,829,502 | 20.86% | Shares |
| VANGUARD GROUP INC | $20,103,490 | 1,590,466 | 16.86% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $13,144,636 | 1,495,408 | 11.03% | Shares |
| EXCHANGE TRADED CONCEPTS, LLC | $9,820,654 | 1,117,253 | 8.24% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $6,615,116 | 752,371 | 5.55% | Shares |
| MILLENNIUM MANAGEMENT LLC | $6,143,269 | 698,893 | 5.15% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $4,147,720 | 471,868 | 3.48% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $2,974,536 | 338,400 | 2.50% | Shares |
| WOLVERINE TRADING, LLC | $2,569,620 | 113,000 | 2.16% | Call option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $2,025,875 | 230,475 | 1.70% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,948,216 | 221,640 | 1.63% | Shares |
| Tortoise Investment Management, LLC | $1,898,086 | 215,937 | 1.59% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,344,870 | 153,000 | 1.13% | Call option |
| CITADEL ADVISORS LLC | $995,907 | 113,300 | 0.84% | Put option |
| Trexquant Investment LP | $957,776 | 108,962 | 0.80% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $923,091 | 105,016 | 0.77% | Shares |
| Cubist Systematic Strategies, LLC | $921,426 | 43,443 | 0.77% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $840,799 | 95,654 | 0.71% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $830,655 | 94,500 | 0.70% | Put option |
| Themes Management Co LLC | $745,322 | 84,792 | 0.63% | Shares |
| D. E. Shaw & Co., Inc. | $673,622 | 76,635 | 0.57% | Shares |
| Geneos Wealth Management Inc. | $638,884 | 72,683 | 0.54% | Shares |
| CITADEL ADVISORS LLC | $618,816 | 70,400 | 0.52% | Call option |
| Foundations Investment Advisors, LLC | $618,675 | 70,384 | 0.52% | Shares |
| WOLVERINE TRADING, LLC | $591,240 | 26,000 | 0.50% | Put option |
| BOOTHBAY FUND MANAGEMENT, LLC | $569,935 | 64,839 | 0.48% | Shares |
| Tempo Wealth, LLC | $560,433 | 63,758 | 0.47% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $493,813 | 56,179 | 0.41% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $441,695 | 51,004 | 0.37% | Shares |
| Atom Investors LP | $430,490 | 48,975 | 0.36% | Shares |
| JANE STREET GROUP, LLC | $403,461 | 45,900 | 0.34% | Call option |
| RHUMBLINE ADVISERS | $369,362 | 42,022 | 0.31% | Shares |
| Balyasny Asset Management L.P. | $365,541 | 41,586 | 0.31% | Shares |
| JANE STREET GROUP, LLC | $318,198 | 36,200 | 0.27% | Put option |
| ExodusPoint Capital Management, LP | $315,122 | 35,850 | 0.26% | Shares |
| BENJAMIN EDWARDS INC | $292,326 | 33,263 | 0.25% | Shares |
| Pilgrim Partners Asia Pte Ltd | $290,070 | 33,000 | 0.24% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $281,280 | 32,000 | 0.24% | Shares |
| Rockefeller Capital Management L.P. | $278,344 | 31,666 | 0.23% | Shares |
| IMC-Chicago, LLC | $263,762 | 30,007 | 0.22% | Shares |
| DUDLEY CAPITAL MANAGEMENT, LLC | $263,700 | 30,000 | 0.22% | Shares |
| GOLDMAN SACHS GROUP INC | $261,177 | 29,713 | 0.22% | Shares |
| Rathbones Group PLC | $253,591 | 28,850 | 0.21% | Shares |
| Mariner, LLC | $251,919 | 28,660 | 0.21% | Shares |
| Capital Market Strategies LLC | $247,345 | 18,500 | 0.21% | Shares |
| BANK OF AMERICA CORP /DE/ | $246,094 | 27,997 | 0.21% | Shares |
| MILESTONE ASSET MANAGEMENT, LLC | $241,655 | 27,492 | 0.20% | Shares |
| TWO SIGMA INVESTMENTS, LP | $232,504 | 26,451 | 0.20% | Shares |
| ALLIANCEBERNSTEIN L.P. | $232,388 | 21,800 | 0.19% | Shares |
| Bank of New York Mellon Corp | $229,278 | 26,084 | 0.19% | Shares |
| LPL Financial LLC | $227,740 | 25,909 | 0.19% | Shares |
| Cetera Investment Advisers | $224,910 | 25,587 | 0.19% | Shares |
| CITADEL ADVISORS LLC | $221,095 | 25,153 | 0.19% | Shares |
| LeConte Wealth Management, LLC | $216,067 | 24,581 | 0.18% | Shares |
| MetLife Investment Management, LLC | $214,309 | 24,381 | 0.18% | Shares |
| AMERICAN CENTURY COMPANIES INC | $186,286 | 21,193 | 0.16% | Shares |
| Squarepoint Ops LLC | $156,066 | 17,755 | 0.13% | Shares |
| BlackRock, Inc. | $144,428 | 16,431 | 0.12% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $138,733 | 15,783 | 0.12% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $135,911 | 15,462 | 0.11% | Shares |
| EntryPoint Capital, LLC | $134,179 | 15,265 | 0.11% | Shares |
| JPMORGAN CHASE & CO | $124,613 | 14,209 | 0.10% | Shares |
| EAGLE GLOBAL ADVISORS LLC | $123,060 | 14,000 | 0.10% | Shares |
| CITIGROUP INC | $122,146 | 13,896 | 0.10% | Shares |
| Invesco Ltd. | $117,716 | 13,392 | 0.10% | Shares |
| Vanguard Global Advisers, LLC | $114,006 | 12,970 | 0.10% | Shares |
| GROUP ONE TRADING LLC | $110,763 | 12,601 | 0.09% | Shares |
| Graham Capital Management, L.P. | $107,238 | 12,200 | 0.09% | Shares |
| Powell Investment Advisors, LLC | $102,403 | 11,650 | 0.09% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $91,108 | 10,365 | 0.08% | Shares |
| Kestra Advisory Services, LLC | $89,658 | 10,200 | 0.08% | Shares |
| Nuveen, LLC | $81,290 | 9,248 | 0.07% | Shares |
| Police & Firemen's Retirement System of New Jersey | $70,742 | 8,048 | 0.06% | Shares |
| NewEdge Advisors, LLC | $70,320 | 8,000 | 0.06% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $59,027 | 6,700 | 0.05% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $48,670 | 5,537 | 0.04% | Shares |
| CWM, LLC | $48,237 | 4,525 | 0.04% | Shares |
| NORTHERN TRUST CORP | $47,308 | 5,382 | 0.04% | Shares |
| Stone House Investment Management, LLC | $42,825 | 4,872 | 0.04% | Shares |
| BARCLAYS PLC | $39,151 | 4,454 | 0.03% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $35,336 | 4,020 | 0.03% | Shares |
| Arax Advisory Partners | $32,795 | 3,731 | 0.03% | Shares |
| Integrated Wealth Concepts LLC | $30,624 | 3,484 | 0.03% | Shares |
| Legal & General Group Plc | $29,165 | 3,318 | 0.02% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $28,998 | 3,299 | 0.02% | Shares |
| Ameritas Investment Partners, Inc. | $27,346 | 3,111 | 0.02% | Shares |
| WOLFF WIESE MAGANA LLC | $26,370 | 3,000 | 0.02% | Shares |
| SBI Securities Co., Ltd. | $26,115 | 2,971 | 0.02% | Shares |
| Quantbot Technologies LP | $23,566 | 2,681 | 0.02% | Shares |
| MARSHALL WACE, LLP | $23,126 | 2,631 | 0.02% | Shares |
| Tower Research Capital LLC (TRC) | $21,685 | 2,467 | 0.02% | Shares |
| OSAIC HOLDINGS, INC. | $17,742 | 2,019 | 0.01% | Shares |
| SIMPLEX TRADING, LLC | $17,623 | 2,005 | 0.01% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $16,768 | 1,573 | 0.01% | Shares |
| MORGAN STANLEY | $15,435 | 1,756 | 0.01% | Shares |
| RAYMOND JAMES FINANCIAL INC | $10,873 | 1,237 | 0.01% | Shares |
| PNC Financial Services Group, Inc. | $10,680 | 1,215 | 0.01% | Shares |
| HUNTINGTON NATIONAL BANK | $9,133 | 1,039 | 0.01% | Shares |
| ROYAL BANK OF CANADA | $9,000 | 1,043 | 0.01% | Shares |
| Russell Investments Group, Ltd. | $6,803 | 774 | 0.01% | Shares |
Company insiders 21 insiders · 7 officers · 7 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Charles H Merchant | COO and Interim CEO | March 14, 2006 P | 1,828,600 | 0 | 0 | $0 |
| Linda Joan Zwobota | CFO | April 9, 2015 A | — | 0 | 0 | $0 |
| James Guerra | COO and CFO | May 5, 2014 A | 82,695 | 0 | 0 | $0 |
| Paul G Carter | President | Nov. 15, 2005 S | 1,835,000 | 0 | 0 | $0 |
| Erik A Hallstrom | Chief Operating Officer | Dec. 5, 2007 A | 1,111,482 | 0 | 0 | $0 |
| Cornelius J Milmoe | Chief Operating Officer | June 5, 2006 A | 75,000 | 0 | 0 | $0 |
| Thomas Graham JR | Chairman | Aug. 29, 2018 P | 27,728 | 0 | 0 | $0 |
| Kathleen Townsend | Director | April 8, 2015 A | — | 0 | 0 | $0 |
| Victor E Alessi | Director | April 8, 2015 A | 16,550 | 0 | 0 | $0 |
| Jack D Ladd | Director | March 7, 2012 A | 35,390 | 0 | 0 | $0 |
| AK Jensen Investment Management Ltd | 10% owner | Jan. 13, 2023 P | 1,241,165 | 0 | 0 | $0 |
| MARXE AUSTIN W & GREENHOUSE DAVID M | 10% owner | Feb. 18, 2014 S | 1,437,535 | 0 | 0 | $0 |
| Mark Robert Tobin | — | Aug. 11, 2026 S | 66,669 | 0 | 2 | $-177,480 |
| Scott Randall Holcombe | — | Aug. 6, 2026 A | 9,256 | 0 | 0 | $0 |
| Sherri Goodman | — | Aug. 6, 2026 A | 70,246 | 0 | 2 | $-21,059 |
| Sweta Chakraborty | — | Aug. 6, 2026 A | 57,849 | 0 | 10 | $-564,103 |
| Jesse L. Funches | — | Aug. 6, 2026 A | 84,022 | 0 | 2 | $-57,401 |
| Daniel B Magraw | — | Aug. 6, 2026 A | 54,686 | 0 | 0 | $0 |
| Andrey Mushakov | — | Aug. 6, 2026 A | 464,485 | 0 | 5 | $-1,483,415 |
| Seth Grae | — | Aug. 6, 2026 A | 883,014 | 0 | 3 | $-1,639,152 |
| Larry Goldman | — | Aug. 6, 2026 A | 384,827 | 0 | 5 | $-448,552 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 4 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 |
|---|---|---|---|---|---|
| General International Holdings, Inc., Mr. Xingping Hou | April 21, 2017 | — | Initial filing | — | SEC |
| Seth Grae | April 21, 2017 | — | Initial filing | — | SEC |
| IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Chris Davis | July 20, 2006 | — | Initial filing | Passive investment | SEC |
| IRS IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Seth Grae | June 30, 2006 | — | 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 21 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 |
|---|---|---|---|---|
| NUKZ · EXCHANGE TRADED CONCEPTS TRUST | 1.45% | 1,122,737 NS | May 31, 2026 | N-PORT |
| SRVR · Pacer Funds Trust | 0.55% | 166,632 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.07% | 117,012 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 16,426 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.02% | 254,008 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 12,662 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 196,749 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 22,907 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 869,727 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 1,377 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 1,077 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.00% | 73,046 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.00% | 9,667 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 1,087 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 27 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 842 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 39,172 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 385,926 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,074,058 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.00% | 8,276 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 2,543 SH | Aug. 8, 2026 | Daily |