MGNI Magnite, Inc. - Common Stock

NASDAQ · Media · View on SEC EDGAR ↗
$23.51
Price · Aug 20, 2026
Fundamentals as of Aug 5, 2026

About Magnite, Inc. - Common Stock Company overview from Wikipedia

Magnite Inc. is an American online advertising technology firm based in Los Angeles, California. The company was formed following a merger between Rubicon Project and Telaria in 2020.

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Magnite Inc. (formerly Rubicon Project) is an American online advertising technology firm based in Los Angeles, California. The company was formed following a merger between Rubicon Project and Telaria in 2020.

History

Rubicon Project was founded in 2007 by Frank Addante, Craig Roah, Duc Chau and Julie Mattern, who had previously worked together at L90/adMonitor, an online advertising network.

By April 2009, the company had raised $33 million in venture funding led by Clearstone Venture Partners, IDG Ventures Asia and Mayfield Fund. The company also secured $8 million in venture debt from Silicon Valley Bank.

In February 2014, Rubicon Project filed for an IPO and went public in April 2014 opening at over $20 per share. The stock fell back to about $16 per share later in the month.

In March 2014, the company was named number two on the top Ad Exchange Entities by comScore.

In February 2017, the company released its president and several other top executives. On March 14, 2017, CEO and founder Frank Addante stepped down from his position to take the role of chairman. The company announced Michael Barrett, previously the chief executive of mobile advertising marketplace Millennial Media and chief revenue officer at Yahoo!, would be the new chief executive.

In May 2024, Netflix announced its first expansion of its advertising partnerships to include Magnite, The Trade Desk and Google DV360.

On May 19, 2025, OSN has chosen Magnite, the independent sell-side advertising company, to power its new “Advanced TV” advertising solution. This marks the first time OSN will offer addressable advertising across its set-top box (STB) linear broadcast and video-on-demand (VOD) inventory. Using Magnite’s SpringServe video platform, targeted ads will now be delivered to OSN set-top boxes across the MENA region.

In September 2025, Magnite filed a lawsuit against Google over alleged monopolistic and anticompetitive behavior.

Mergers and acquisitions

Rubicon Project acquisitions

In September 2009, the Rubicon Project acquired OthersOnline, an audience profiling technology company based in Seattle.

In May 2010, the company bought Site Scout, a malware detection company also based in Seattle.

In October 2010, the company acquired Fox Audience Network from News Corp in return for a minority stake in the company. It also received $18 million in additional funding led by Peacock Equity, the venture division of NBC Universal.

In May 2012, Rubicon Project acquired Mobsmith, a mobile technology company.

In August 2012, the company became the top-ranked online advertising company in terms of reach, with a 96.2% audience share, according to rankings provided by ComScore. This placed Rubicon ahead of Google for the first time, and also ahead of other competitors such as AOL and AT&T.

In October 2019, Rubicon Project acquired RTK.io, a header bidding startup for $11 million.

Merger with Telaria

In December 2019, Rubicon Project and Telaria announced a merger. Shareholders of Telaria and Rubicon project approved the merger on March 30, 2020, and the merger was completed on April 1.

While the two businesses initially fell under Rubicon Project and operated as two separate brands, the company rebranded under the name Magnite in June 2020. The merger made Magnite the world's largest independent omnichannel sell-side platform.

Recent acquisitions

In February 2021, Magnite acquired SpotX from European entertainment network RTL Group for $1.17 billion in cash and stock.

In September 2025, Magnite acquired Streamr.ai, a company that specializes in the development of AI-generated assets for small businesses' CTV campaigns.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

MGNI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$23.50
Market Cap
$3.37B
P/E (TTM)
24.8
EPS (TTM)
$0.95
Revenue (TTM)
$714M
Div Yield
ROE
17.1%
Debt/Equity
0.4
52W Range
$11 – $27

MGNI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $714M
10-point trend, +156.6%
2016-12-31 2025-12-31
EPS $0.95
9-point trend, +343.6%
2016-12-31 2025-12-31
Free Cash Flow $166M
8-point trend, +352.0%
2016-12-31 2025-12-31
Margins 20.3%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
MGNI
Peer Median
P/E (TTM)
5-point trend, +130.6%
24.8
33.6
P/S (TTM)
5-point trend, -34.2%
4.7
2.2
P/B
5-point trend, -4.2%
3.7
2.5
EV / EBITDA
5-point trend, -67.2%
20.9
Price / FCF
5-point trend, -34.1%
20.3

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
MGNI
Peer Median
Operating Margin
5-point trend, +179.0%
13.7%
Net Profit Margin
5-point trend, +202500.0%
20.3%
0.32%
ROA
5-point trend, +0.05
4.8%
0.16%
ROE
5-point trend, +171000.0%
17.1%
0.82%
ROIC
5-point trend, +0.16
15.7%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
MGNI
Peer Median
Debt / Equity
5-point trend, -54.1%
0.4
Current Ratio
5-point trend, -10.7%
1.0
1.2
Quick Ratio
5-point trend, -10.5%
1.0

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
MGNI
Peer Median
Revenue YoY
5-point trend, +52.4%
6.9%
Revenue CAGR 3Y
5-point trend, +52.4%
7.3%
Revenue CAGR 5Y
5-point trend, +52.4%
26.4%
EPS YoY
5-point trend, +0.95
493.8%
Net Income YoY
5-point trend, +222381.5%
534.7%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
MGNI
Peer Median
EPS (Diluted)
5-point trend, +0.95
$0.95

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
MGNI
Peer Median

MGNI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 22 analysts
  • Strong Buy 5 22.7%
  • Buy 14 63.6%
  • Hold 3 13.6%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

15 analysts · 2026-08-19
Median target $27.00 +14.9%
Mean target $27.33 +16.3%

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 $0.26 $0.25 0.01%
March 31, 2026 $0.13 $0.11 0.02%
Dec. 31, 2025 $0.34 $0.36 -0.02%
Sept. 30, 2025 $0.20 $0.20 0.00%
June 30, 2025 $0.20 $0.17 0.03%
March 31, 2025 $0.12 $0.07 0.05%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
MGNI $2.32B 17.1 6.9% 20.3% 17.1%
OMC $25.28B -299.1 10.1% -0.32% -0.67%
TTD $18.07B 42.2 18.5% 15.3% 17.1%
NIQ $4.86B -12.5 5.7% -8.4% -67.4%
STGW -1.4 2.4% 1.0% 5.3%
DV $1.85B 38.1 13.9% 6.8% 4.6%
CCO 55.2 6.6%
MNTN $0 -91.8 28.6% -2.2% -2.4% 77.2%
IBTA $740M 189.4 -6.8% 1.0% 1.1% 79.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 16
Annual Income Statement data for MGNI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +469.8% $714M $668M $620M $577M $468M $222M $156M $125M $156M $278M $248M $125M
Cost of Revenue 12-point trend, +1184.7% $267M $259M $410M $307M $202M $78M $57M $60M $57M $73M $58M $21M
R&D Expense 12-point trend, +272.9% $85M $95M $94M $94M $74M $52M $40M $38M $48M $51M $42M $23M
SG&A Expense 12-point trend, +62.4% $93M $97M $89M $81M $65M $53M $40M $42M $56M $69M $70M $57M
Operating Expenses 12-point trend, +327.8% $616M $617M $775M $690M $549M $276M $184M $188M $313M $303M $254M $144M
Operating Income 12-point trend, +619.8% $98M $51M $-155M $-113M $-81M $-54M $-28M $-64M $-157M $-25M $-6M $-19M
Interest Income 4-point trend, +335.9% $13M $13M $11M $3M · · · · · · · ·
Other Non-op 12-point trend, -9837.9% $-27M $-25M $-3M $-23M $-14M $1M $593.0K $2M $431.0K $2M $1M $277.0K
Pretax Income 12-point trend, +481.7% $71M $26M $-158M $-136M $-95M $-53M $-27M $-61M $-157M $-23M $-4M $-19M
Income Tax 12-point trend, -43115.1% $-74M $4M $2M $-5M $-95M $693.0K $-2M $357.0K $-2M $-5M $-5M $172.0K
Net Income 12-point trend, +874.4% $145M $23M $-159M $-130M $65.0K $-53M $-25M $-62M $-155M $-18M $422.0K $-19M
EPS (Basic) 11-point trend, +244.3% $1.01 $0.16 $-1.17 $-0.98 $0.00 $-0.55 $-0.48 · $-3.17 $-0.39 $0.01 $-0.70
EPS (Diluted) 11-point trend, +235.7% $0.95 $0.16 $-1.17 $-0.98 $0.00 $-0.55 $-0.48 · $-3.17 $-0.39 $0.01 $-0.70
Shares (Basic) 12-point trend, +405.2% 142,560,000 140,557,000 136,620,000 132,887,000 126,294,000 96,700,000 52,614,000 50,602,000 48,869,000 46,655,000 39,663,000 28,217,000
Shares (Diluted) 12-point trend, +445.0% 153,770,000 146,810,000 136,620,000 132,887,000 136,261,000 96,700,000 52,614,000 50,259,000 48,869,000 46,655,000 44,495,000 28,217,000
EBITDA 10-point trend, +2516.1% $151M $110M $86M $103M $66M · $5M $-28M · $18M $25M $-6M
Balance Sheet 28
Annual Balance Sheet data for MGNI
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +469.3% $553M $483M $326M $326M $230M $118M $89M $80M $77M $149M $116M $97M
Short-term Investments · · · · · · · · · · $23M ·
Receivables 12-point trend, +877.0% $1.30B $1.20B $1.18B $977M $928M $472M $218M $206M $166M $192M $218M $133M
Prepaid Expense 12-point trend, +249.5% $26M $20M $21M $24M $20M $18M $7M $7M $10M $10M $8M $8M
Current Assets 12-point trend, +690.7% $1.88B $1.70B $1.52B $1.33B $1.18B $607M $313M $301M $305M $392M $366M $238M
PP&E (Net) 12-point trend, +614.3% $109M $69M $47M $45M $34M $24M $24M $33M $47M $36M $25M $15M
PP&E (Gross) 9-point trend, +655.1% $233M $191M · · · $122M $110M $105M $98M $69M $48M $31M
Accum. Depreciation 9-point trend, +694.7% $124M $123M · · · $98M $87M $71M $51M $33M $22M $16M
Goodwill 12-point trend, +5939.9% $984M $978M $978M $978M $970M $158M $7M $0 $0 $66M $66M $16M
Intangibles 12-point trend, -11.7% $12M $21M $51M $254M $427M $90M $11M $10M $13M $7M $51M $14M
Other Non-current Assets 12-point trend, +5680.9% $82M $6M $7M $7M $7M $4M $2M $1M $5M $3M $2M $1M
Total Assets 12-point trend, +967.3% $3.16B $2.85B $2.69B $2.71B $2.71B $939M $395M $360M $384M $520M $537M $296M
Accounts Payable 12-point trend, +964.5% $1.61B $1.47B $1.37B $1.09B $1.00B $509M $259M $240M $214M $215M $248M $151M
Current Liabilities 12-point trend, +1092.8% $1.84B $1.50B $1.40B $1.13B $1.03B $522M $267M $241M $217M $218M $250M $154M
Capital Leases 7-point trend, +228.8% $50M $39M $50M $66M $66M $32M $15M · · · · ·
Deferred Tax 9-point trend, +12.0% · · $680.0K $5M $13M $199.0K $0 · $0 $42.0K $6M $607.0K
Other Non-current Liabilities 12-point trend, +99.6% $3M $1M $2M $2M $3M $3M $454.0K $1M $2M $2M $2M $1M
Total Liabilities 12-point trend, +1236.7% $2.24B $2.09B $1.99B $1.92B $1.83B $557M $283M $242M $219M $220M $259M $168M
Long-term Debt 5-point trend, -26.7% $556M $554M $537M $755M $758M · · · · · · ·
Total Debt 5-point trend, -52.0% $348M $550M $537M $726M $724M · · · · · · ·
Common Stock 12-point trend, +2000.00 $2.0K $2.0K $2.0K $2.0K $2.0K $2.0K $1.0K $1.0K $0 $0 $0 $0
Paid-in Capital 12-point trend, +587.6% $1.44B $1.43B $1.39B $1.32B $1.28B $777M $453M $434M $418M $399M $358M $209M
Retained Earnings 12-point trend, -540.0% $-517M $-661M $-684M $-525M $-394M $-395M $-341M $-316M $-254M $-99M $-80M $-81M
Treasury Stock 3-point trend, +0.00 · · · $0 $6M $0 · · · · · ·
AOCI 12-point trend, -18037.5% $-1M $-4M $-2M $-3M $-1M $-957.0K $-45.0K $-259.0K $41.0K $-273.0K $-15.0K $-8.0K
Stockholders' Equity 12-point trend, +616.4% $922M $768M $702M $791M $881M $382M $112M $118M $165M $300M $278M $129M
Liabilities + Equity 12-point trend, +967.3% $3.16B $2.85B $2.69B $2.71B $2.71B $939M $395M $360M $384M $520M $537M $296M
Shares Outstanding 12-point trend, +284.4% 142,964,000 141,427,000 138,577,000 134,006,000 132,553,000 114,029,000 53,888,000 51,159,000 50,239,000 49,378,000 46,600,000 37,192,000
Cash Flow 15
Annual Cash Flow data for MGNI
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +328.8% $54M $59M $241M $216M $147M $49M $32M $35M $36M $43M $31M $13M
Stock-based Comp 12-point trend, +221.4% $77M $77M $73M $64M $41M $28M $19M $16M $21M $29M $31M $24M
Deferred Tax 12-point trend, -51422.4% $-78M $63.0K $-2M $-9M $-99M $-295.0K $-2M $-49.0K $-1M $-7M $-5M $-152.0K
Amort. of Intangibles 12-point trend, +1577.8% $15M $30M $202M $184M $122M $25M $3M $3M $5M $20M $16M $900.0K
Restructuring 7-point trend, +17552000.00 · · · · · $18M $2M $3M $6M $3M $0 $0
Other Non-cash 10-point trend, +463.0% $40M $77M $62M $52M $38M · $8M $-12M · $13M $20M $-11M
Operating Cash Flow 12-point trend, +3454.1% $236M $235M $214M $193M $127M $-12M $32M $-23M $22M $60M $77M $7M
CapEx 12-point trend, +558.8% $71M $33M $27M $31M $18M $14M $11M $11M $32M $23M $20M $11M
Investing Cash Flow 12-point trend, -301.2% $-93M $-48M $-37M $-65M $-691M $33M $-23M $28M $-93M $-37M $-74M $-23M
Stock Repurchased 7-point trend, +46282000.00 $46M $15M $0 $16M $6M $0 $0 · · · · ·
Net Stock Activity 5-point trend, -670.5% $-46M $-15M $0 $-16M $-6M · · · · · · ·
Financing Cash Flow 12-point trend, -189.6% $-75M $-29M $-178M $-30M $678M $7M $-205.0K $-1M $-1M $10M $15M $84M
Net Change in Cash 12-point trend, +4.3% $70M $157M $-283.0K $96M $113M $29M $8M $4M $-73M $33M $18M $67M
Taxes Paid 8-point trend, +833.0% $4M · · · · $2M $291.0K $379.0K $382.0K $1M $1M $403.0K
Free Cash Flow 10-point trend, +4178.6% $166M $202M $188M $162M $109M · $21M $-34M · $37M $57M $-4M
Profitability 7
Annual Profitability data for MGNI
Metric Trend 202520242023202220212020201920182017201620152014
Operating Margin 10-point trend, +191.2% 13.7% 7.6% -25.0% -19.5% -17.3% · -17.6% -51.0% · -8.9% -2.2% -15.0%
Net Margin 10-point trend, +236.0% 20.3% 3.4% -25.7% -22.6% 0.01% · -16.3% -49.6% · -6.5% 0.17% -14.9%
Pretax Margin 10-point trend, +167.0% 9.9% 4.0% -25.4% -23.5% -20.3% · -17.3% -49.3% · -8.2% -1.7% -14.8%
EBITDA Margin 10-point trend, +523.8% 21.2% 16.4% 13.9% 17.9% 14.1% · 2.9% -22.7% · 6.4% 10.2% -5.0%
ROA 9-point trend, +157.5% 4.8% 0.82% -5.9% -4.8% 0.00% · -6.8% · · -3.4% 0.10% -8.4%
ROE 9-point trend, +142.3% 17.1% 3.0% -23.5% -16.3% 0.01% · -23.6% · · -6.2% 0.21% -40.4%
ROIC 9-point trend, +206.9% 15.7% 3.3% -12.7% -7.1% 0.00% · -23.3% · · -6.6% 0.21% -14.7%
Liquidity & Solvency 4
Annual Liquidity & Solvency data for MGNI
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 9-point trend, -33.7% 1.0 1.1 1.1 1.2 1.1 · 1.2 · · 1.8 1.5 1.5
Quick Ratio 9-point trend, -32.5% 1.0 1.1 1.1 1.2 1.1 · 1.1 · · 1.6 1.3 1.5
Debt / Equity 5-point trend, -54.1% 0.4 0.7 0.8 0.9 0.8 · · · · · · ·
LT Debt / Equity 5-point trend, -53.9% 0.4 0.7 0.8 0.9 0.8 · · · · · · ·
Efficiency 2
Annual Efficiency data for MGNI
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 9-point trend, -57.7% 0.2 0.2 0.2 0.2 0.3 · 0.4 · · 0.5 0.6 0.6
Receivables Turnover 9-point trend, -48.1% 0.6 0.6 0.6 0.6 0.7 · 0.7 · · 1.4 1.4 1.1
Per Share 5
Annual Per Share data for MGNI
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 9-point trend, +86.4% $6.45 $5.43 $5.06 $5.90 $6.66 · $2.08 · · $6.07 $5.97 $3.46
Revenue / Share 8-point trend, -16.9% $4.64 $4.55 $4.54 $4.34 $3.44 · $2.62 · · $5.96 $5.58 ·
Cash Flow / Share 8-point trend, -11.1% $1.54 $1.60 $1.57 $1.45 $0.93 · $0.54 · · $1.29 $1.73 ·
Cash / Share 9-point trend, +48.1% $3.87 $3.42 $2.35 $2.43 $1.74 · $1.65 · · $3.03 $2.50 $2.61
EPS (TTM) 12-point trend, +235.7% $0.95 $0.16 $-1.17 $-0.98 $0.00 $-0.55 $-0.48 $-1.23 $-3.17 $-0.39 $0.01 $-0.70
Growth Rates 6
Annual Growth Rates data for MGNI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -93.8% 6.9% 7.8% 7.4% 23.2% 111.3% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -82.0% 7.3% 12.6% 40.9% · · · · · · · · ·
Revenue CAGR 5Y 26.4% · · · · · · · · · · ·
EPS YoY 493.8% · · · · · · · · · · ·
Net Income YoY 534.7% · · · · · · · · · · ·
Net Income CAGR 3Y · 605.1% · · · · · · · · · ·
Valuation (TTM) 14
Annual Valuation (TTM) data for MGNI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +469.8% $714M $668M $620M $577M $468M $222M $156M $125M $156M $278M $248M $125M
Net Income TTM 12-point trend, +874.4% $145M $23M $-159M $-130M $65.0K $-53M $-25M $-62M $-155M $-18M $422.0K $-19M
Market Cap 9-point trend, +286.5% $2.32B $2.25B $1.29B $1.42B $2.31B · $440M · · $366M $767M $600M
Enterprise Value 5-point trend, -24.7% $2.11B $2.32B $1.50B $1.82B $2.81B · · · · · · ·
P/E 11-point trend, +174.1% 17.1 99.5 -8.0 -10.8 · -55.8 -17.0 -3.0 -0.6 -19.0 1645.0 -23.1
P/S 9-point trend, -32.2% 3.2 3.4 2.1 2.5 4.9 · 2.8 · · 1.3 3.1 4.8
P/B 9-point trend, -46.0% 2.5 2.9 1.8 1.8 2.6 · 3.9 · · 1.2 2.8 4.7
P / Tangible Book · · · · · 12.4 · · · · · ·
P / Cash Flow 9-point trend, -89.1% 9.8 9.6 6.0 7.4 18.3 · 13.7 · · 6.1 10.0 90.3
P / FCF 9-point trend, +109.5% 14.0 11.1 6.9 8.8 21.2 · 21.4 · · 10.0 13.5 -147.8
EV / EBITDA 5-point trend, -67.2% 14.0 21.2 17.5 17.6 42.6 · · · · · · ·
EV / FCF 5-point trend, -50.5% 12.8 11.5 8.0 11.2 25.8 · · · · · · ·
EV / Revenue 5-point trend, -50.6% 3.0 3.5 2.4 3.2 6.0 · · · · · · ·
Earnings Yield 12-point trend, +234.8% 5.9% 1.0% -12.5% -9.2% 0.00% -1.8% -5.9% -33.0% -169.5% -5.3% 0.06% -4.3%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $714M$668M$620M$577M$468M
Operating Margin % 13.7%7.6%-25.0%-19.5%-17.3%
Net Income $145M$23M$-159M$-130M$65.0K
Diluted EPS $0.95$0.16$-1.17$-0.98$0.00
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.40.70.80.90.8
Current Ratio 1.01.11.11.21.1
Quick Ratio 1.01.11.11.21.1
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $166M$202M$188M$162M$109M

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Institutional owners (13F) 359 filers · $2.4B 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
64 (+10 vs prior Q) 34 (-20 vs prior Q) 112 (-4 vs prior Q) 88 (+3 vs prior Q) +12.5M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD GROUP INC $220,902,894 13,610,776 9.25% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $155,584,488 8,197,286 6.51% Shares
FMR LLC $121,619,076 6,407,749 5.09% Shares
VANGUARD CAPITAL MANAGEMENT LLC $118,154,201 6,225,195 4.95% Shares
DIMENSIONAL FUND ADVISORS LP $93,305,946 4,916,014 3.91% Shares
AMERICAN CENTURY COMPANIES INC $87,739,553 4,622,736 3.67% Shares
Boston Partners $79,348,492 4,144,184 3.32% Shares
Capital Research Global Investors $73,436,638 3,869,159 3.07% Shares
STATE STREET CORP $66,962,864 3,528,075 2.80% Shares
325 CAPITAL LLC $64,772,932 3,412,694 2.71% Shares
WELLINGTON MANAGEMENT GROUP LLP $61,919,270 3,262,343 2.59% Shares
Nine Ten Capital Management LLC $61,899,000 3,261,283 2.59% Shares
GEODE CAPITAL MANAGEMENT, LLC $61,840,607 3,257,507 2.59% Shares
Granahan Investment Management, LLC $58,519,345 3,083,211 2.45% Shares
CANADA PENSION PLAN INVESTMENT BOARD $56,846,865 2,995,093 2.38% Shares
Park West Asset Management LLC $37,960,000 2,000,000 1.59% Shares
Qube Research & Technologies Ltd $37,124,671 1,955,989 1.55% Shares
Blue Grotto Capital, LLC $32,393,945 1,706,741 1.36% Shares
KENNEDY CAPITAL MANAGEMENT LLC $31,635,845 1,666,799 1.32% Shares
Caption Management, LLC $28,470,000 1,500,000 1.19% Put option
ROYCE & ASSOCIATES LP $27,965,075 1,473,397 1.17% Shares
Ophir Asset Management Pty Ltd $27,522,158 1,450,061 1.15% Shares
VICTORY CAPITAL MANAGEMENT INC $23,447,589 1,235,384 0.98% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $22,836,527 1,203,189 0.96% Shares
CITADEL ADVISORS LLC $22,174,334 1,168,300 0.93% Put option
GRIZZLYROCK CAPITAL, LLC $22,104,639 1,164,628 0.93% Shares
Maestria Partners LLC $21,987,001 1,158,430 0.92% Shares
GOLDMAN SACHS GROUP INC $21,135,179 1,113,550 0.88% Shares
Meros Investment Management, LP $18,815,538 991,335 0.79% Shares
VANGUARD FIDUCIARY TRUST CO $18,772,966 989,092 0.79% Shares
Nuveen, LLC $17,977,154 947,163 0.75% Shares
Walleye Trading LLC $15,709,746 827,700 0.66% Call option
MILLENNIUM MANAGEMENT LLC $14,516,265 764,819 0.61% Shares
PICTON MAHONEY ASSET MANAGEMENT $14,235,000 750,000 0.60% Call option
QVT Financial LP $14,186,354 747,437 0.59% Shares
BANK OF MONTREAL /CAN/ $14,045,200 740,000 0.59% Call option
OBERWEIS ASSET MANAGEMENT INC/ $13,950,300 735,000 0.58% Shares
SILVERCREST ASSET MANAGEMENT GROUP LLC $13,433,076 707,749 0.56% Shares
PICTON MAHONEY ASSET MANAGEMENT $13,124,123 691,471 0.55% Shares
Kopion Asset Management, LLC $12,801,080 674,451 0.54% Shares
First Eagle Investment Management, LLC $12,731,556 670,788 0.53% Shares
Balyasny Asset Management L.P. $12,651,195 666,554 0.53% Shares
Nuveen Asset Management, LLC $11,942,802 750,176 0.50% Shares
Squarepoint Ops LLC $11,201,996 590,200 0.47% Put option
S SQUARED TECHNOLOGY, LLC $10,778,021 567,862 0.45% Shares
Schonfeld Strategic Advisors LLC $10,670,460 562,195 0.45% Shares
NOMURA ASSET MANAGEMENT CO LTD $10,513,022 553,900 0.44% Shares
Edenbrook Capital, LLC $10,155,667 535,072 0.43% Shares
BANK OF MONTREAL /CAN/ $10,088,610 531,539 0.42% Shares
JANE STREET GROUP, LLC $9,863,868 519,698 0.41% Shares
KING LUTHER CAPITAL MANAGEMENT CORP $9,557,967 503,581 0.40% Shares
AMERIPRISE FINANCIAL INC $9,475,519 499,237 0.40% Shares
PRINCIPAL FINANCIAL GROUP INC $9,296,632 489,812 0.39% Shares
EVR Research LP $9,110,400 480,000 0.38% Shares
BANK OF AMERICA CORP /DE/ $8,859,674 466,790 0.37% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $8,765,894 461,849 0.37% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $8,687,146 457,700 0.36% Call option
Manatuck Hill Partners, LLC $8,541,000 450,000 0.36% Shares
COMMONWEALTH EQUITY SERVICES, LLC $6,988,420 368,199 0.29% Shares
Caption Management, LLC $6,718,920 354,000 0.28% Call option
CITADEL ADVISORS LLC $6,597,410 347,598 0.28% Shares
CITADEL ADVISORS LLC $6,413,342 337,900 0.27% Call option
Trexquant Investment LP $6,328,482 333,429 0.26% Shares
Alyeska Investment Group, L.P. $6,203,404 326,839 0.26% Shares
BlackRock, Inc. $6,120,727 322,483 0.26% Shares
1492 Capital Management LLC $6,030,895 317,750 0.25% Shares
Swiss National Bank $5,498,506 289,700 0.23% Shares
Lisanti Capital Growth, LLC $5,485,789 289,030 0.23% Shares
RICE HALL JAMES & ASSOCIATES, LLC $5,388,783 283,919 0.23% Shares
ExodusPoint Capital Management, LP $5,160,074 271,869 0.22% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $4,820,920 254,000 0.20% Put option
Park West Asset Management LLC $4,745,000 250,000 0.20% Call option
Walleye Trading LLC $4,672,876 246,200 0.20% Put option
Norwood Investment Partners, LP $4,460,300 235,000 0.19% Shares
Squarepoint Ops LLC $4,369,841 230,234 0.18% Shares
BARCLAYS PLC $4,363,540 229,902 0.18% Shares
WOLVERINE TRADING, LLC $4,279,988 192,100 0.18% Call option
Senvest Management, LLC $4,253,418 224,100 0.18% Shares
Hilton Capital Management, LLC $4,164,326 219,406 0.17% Shares
Pillsbury Lake Capital LLC $4,132,952 217,753 0.17% Shares
Occam Crest Management LP $3,847,350 195,000 0.16% Shares
RHUMBLINE ADVISERS $3,716,476 195,811 0.16% Shares
Bank of New York Mellon Corp $3,713,551 195,656 0.16% Shares
Advantage Alpha Capital Partners LP $3,494,536 160,447 0.15% Shares
GREAT LAKES ADVISORS, LLC $3,344,181 176,195 0.14% Shares
EFG Asset Management (North America) Corp. $3,277,377 150,511 0.14% Shares
STATE OF WISCONSIN INVESTMENT BOARD $3,269,817 172,277 0.14% Shares
LPL Financial LLC $3,109,626 163,837 0.13% Shares
Quantinno Capital Management LP $3,070,622 161,782 0.13% Shares
CLOUGH CAPITAL PARTNERS L P $3,028,942 159,586 0.13% Shares
MARSHALL WACE, LLP $2,854,022 150,370 0.12% Shares
Concentric Capital Strategies, LP $2,784,328 146,698 0.12% Shares
Caption Management, LLC $2,763,298 145,590 0.12% Shares
VANGUARD ASSET MANAGEMENT, Ltd $2,665,513 140,438 0.11% Shares
Cerity Partners LLC $2,665,134 140,418 0.11% Shares
ALGERT GLOBAL LLC $2,609,845 137,505 0.11% Shares
BANK OF MONTREAL /CAN/ $2,562,300 135,000 0.11% Put option
WELLS FARGO & COMPANY/MN $2,500,729 131,756 0.10% Shares
JANE STREET GROUP, LLC $2,488,278 131,100 0.10% Put option
TUDOR INVESTMENT CORP ET AL $2,376,296 125,200 0.10% Call option

Company insiders 32 insiders · 16 officers · 14 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Michael G. Barrett CEO Aug. 15, 2026 F 392,670 0 5 $-13,639,790
Frank Addante Chief Executive Officer, Chief Product Architect and Chairman of the Board Feb. 17, 2016 A 1,878,956 0 0 $0
David Day CHIEF FINANCIAL OFFICER Aug. 15, 2026 F 452,861 0 0 $0
Todd L Tappin CFO & COO April 28, 2016 M 466,361 0 0 $0
Sean Patrick Buckley President, Revenue & Market Strategy Aug. 18, 2026 S 293,060 0 6 $-2,685,256
Katie Seitz Evans President, Product & Operations Aug. 15, 2026 F 485,636 0 1 $-480,000
Mark Zagorski President & COO April 1, 2020 A 436,917 0 0 $0
Gregory R Raifman President March 9, 2016 M 502,366 0 0 $0
David Buonasera CHIEF TECHNOLOGY OFFICER Aug. 15, 2026 F 252,734 0 9 $-660,771
Aaron Saltz CHIEF LEGAL OFFICER Aug. 15, 2026 F 264,389 0 0 $0
Brian Gephart CHIEF ACCOUNTING OFFICER Aug. 15, 2026 F 102,328 0 1 $-307,982
Adam Lee Soroca Chief Product Officer Jan. 2, 2024 A 532,683 0 0 $0
James Allen Dove Chief Technology Officer Aug. 15, 2022 F 191,071 0 0 $0
Joseph R Prusz Chief Revenue Officer, DV+ Feb. 15, 2022 F 311,083 0 0 $0
Thomas Kershaw Chief Technology Officer May 17, 2021 S 473,763 0 0 $0
Brian W Copple General Counsel and Secretary Jan. 31, 2016 A 144,200 0 0 $0
Paul Caine Director Aug. 14, 2026 S 149,901 0 5 $-699,950
David T. Pearson Director June 10, 2026 S 79,001 0 1 $-168,488
Diane Yu Director June 8, 2026 A 81,279 0 0 $0
Sarah Patricia Harden Director June 8, 2026 A 163,737 0 0 $0
Robert F Spillane Director June 8, 2026 A 57,715 0 0 $0
James Rossman Director June 8, 2026 A 107,477 0 0 $0
Robert J Frankenberg Director June 14, 2023 A 119,090 0 0 $0
Lisa L Troe Director June 8, 2023 S 114,218 0 0 $0
Sumant Mandal Director Feb. 25, 2019 J 1,548,980 0 0 $0
Lewis W Coleman Director March 8, 2016 A 15,386 0 0 $0
Jarl Mohn Director April 7, 2014 C 355,850 0 0 $0
NEWS CORP 10% owner April 7, 2014 C 4,746,349 0 0 $0
Rachel Lam Aug. 10, 2026 S 230,620 0 1 $-241,600
Douglas S Knopper Aug. 6, 2026 S 88,473 0 3 $-1,693,446
Shawna Hughes May 17, 2021 S 178,129 0 0 $0
CLEARSTONE VENTURE PARTNERS III-A LP May 22, 2015 J 5,570,406 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 1 position

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
Edenbrook Capital, LLC, Jonathan Brolin ×2 filings July 14, 2023 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 63 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
FDCF · Fidelity Covington Trust 1.44% 107,209 NS May 31, 2026 N-PORT
SMCO · Tidal Trust II 1.07% 107,276 NS April 30, 2026 N-PORT
FDTX · Fidelity Covington Trust 0.93% 167,699 NS May 31, 2026 N-PORT
PSC · Principal Exchange-Traded Funds 0.39% 484,264 NS June 30, 2026 N-PORT
HAPS · Harbor ETF Trust 0.27% 33,017 NS April 30, 2026 N-PORT
CALF · Pacer Funds Trust 0.19% 496,734 NS April 30, 2026 N-PORT
NUSC · Nushares ETF Trust 0.15% 148,177 NS April 30, 2026 N-PORT
FCOM · FIDELITY COVINGTON TRUST 0.11% 152,521 NS April 30, 2026 N-PORT
TMFX · RBB Fund, Inc. 0.10% 2,255 NS May 31, 2026 N-PORT
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.09% 51,295 NS April 30, 2026 N-PORT
JPSE · J.P. Morgan Exchange-Traded Fund Tr… 0.09% 40,746 NS April 30, 2026 N-PORT
BKSE · BNY Mellon ETF Trust 0.08% 4,886 NS April 30, 2026 N-PORT
RSSL · Global X Funds 0.06% 61,658 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.05% 6,696 NS May 31, 2026 N-PORT
DFSV · Dimensional ETF Trust 0.05% 299,225 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.04% 478,460 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.04% 693,882 NS May 31, 2026 N-PORT
SXQG · EXCHANGE TRADED CONCEPTS TRUST 0.04% 1,964 NS May 31, 2026 N-PORT
AVSC · AMERICAN CENTURY ETF TRUST 0.04% 73,848 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.03% 5,237 NS May 31, 2026 N-PORT
GSSC · Goldman Sachs ETF Trust 0.03% 18,315 NS May 31, 2026 N-PORT
DXUV · Dimensional ETF Trust 0.03% 7,886 NS April 30, 2026 N-PORT
URTY · ProShares Trust 0.02% 5,296 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.01% 5,506 NS May 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.01% 357,809 NS April 30, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.01% 21,540 NS April 30, 2026 N-PORT
HDG · ProShares Trust 0.01% 133 NS May 31, 2026 N-PORT
DFUV · Dimensional ETF Trust 0.01% 88,581 NS April 30, 2026 N-PORT
ONEQ · Fidelity Commonwealth Trust 0.01% 45,459 NS May 31, 2026 N-PORT
DFSU · Dimensional ETF Trust 0.00% 6,861 NS April 30, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.00% 35,372 NS April 30, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.00% 51,210 NS April 30, 2026 N-PORT
DFAT · Dimensional ETF Trust 0.00% 32,991 NS April 30, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.00% 83,766 NS May 31, 2026 N-PORT
TILT · FlexShares Trust 0.00% 4,004 NS April 30, 2026 N-PORT
EBI · RBB Fund Trust 0.00% 3 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS July 15, 2026 Daily
VB · VANGUARD INDEX FUNDS July 15, 2026 Daily
VBR · VANGUARD INDEX FUNDS July 15, 2026 Daily
VTI · VANGUARD INDEX FUNDS July 15, 2026 Daily
VFVA · VANGUARD WELLINGTON FUND July 30, 2026 Daily
VT · VANGUARD INTERNATIONAL EQUITY INDEX… July 15, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTWV · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS July 15, 2026 Daily
ITOT · iShares Trust Aug. 5, 2026 Daily
IWV · iShares Trust Aug. 18, 2026 Daily
IWN · iShares Trust Aug. 17, 2026 Daily
IWO · iShares Trust Aug. 18, 2026 Daily