NCNO nCino, Inc. - Common Stock
$20.92
Price · Aug 19, 2026
Fundamentals as of May 27, 2026
52W Range
$14–$34
35% of range
Analyst Rating
BUY
20 analysts
Price Target
$23
+12% upside
P/E (TTM)
418.4
ROE
0.49%
Net Profit Margin
0.87%
NCNO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$20.92
Market Cap
$2.38B
P/E (TTM)
418.4
EPS (TTM)
$0.05
Revenue (TTM)
$595M
Div Yield
—
ROE
0.49%
Debt/Equity
—
52W Range
$14 – $34
NCNO 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
$595M
2020-01-31
→
2026-01-31
EPS
$0.05
2020-01-31
→
2026-01-31
Free Cash Flow
$83M
2022-01-31
→
2026-01-31
Margins
0.87%
2022-01-31
→
2026-01-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
NCNO
Peer Median
P/E (TTM)
418.4
132.0
P/S (TTM)
4.0
3.7
P/B
2.3
6.7
Price / FCF
28.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
NCNO
Peer Median
Gross Margin
60.6%
60.2%
Operating Margin
0.63%
—
Net Profit Margin
0.87%
-1.1%
ROA
0.32%
-0.69%
ROE
0.49%
-4.6%
ROIC
0.51%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
NCNO
Peer Median
Current Ratio
1.0
2.1
Quick Ratio
0.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
NCNO
Peer Median
Revenue YoY
10.0%
—
Revenue CAGR 3Y
13.4%
—
Revenue CAGR 5Y
23.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
NCNO
Peer Median
NCNO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
20 analysts
- Strong Buy 5 25.0%
- Buy 10 50.0%
- Hold 5 25.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
11 analysts · 2026-08-19
Median
$23.00
Now
$20.92
Low
$17.00
High
$28.00
Median target
$23.00
+9.9%
Mean target
$23.36
+11.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.06%
Next Report
Aug 25, 2026
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2027 | $0.35 | $0.27 | — |
| June 30, 2026 | $0.35 | $0.27 | 0.08% |
| March 31, 2026 | $0.37 | $0.21 | 0.16% |
| Dec. 31, 2025 | $0.31 | $0.20 | 0.11% |
| Sept. 30, 2025 | $0.22 | $0.14 | 0.08% |
| June 30, 2025 | $0.16 | $0.16 | -0.00% |
| March 31, 2025 | $0.12 | $0.19 | -0.07% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NCNO | $2.43B | 427.2 | 10.0% | 0.87% | 0.49% | 60.6% |
| SPSC | $3.34B | 36.2 | 17.8% | 12.4% | 9.7% | 69.2% |
| ALRM | $2.53B | 20.7 | 7.6% | 13.0% | 16.0% | — |
| FIVN | $1.55B | 44.6 | 10.3% | 3.4% | 5.6% | 55.1% |
| KEEL | — | — | 72.0% | -124.1% | -48.6% | -8.2% |
| RAMP | — | 11.8 | 9.0% | 17.9% | 15.2% | 70.7% |
| ALKT | $2.45B | -50.2 | 32.9% | -10.7% | -13.5% | 57.8% |
| ASAN | $2.44B | -12.8 | 9.2% | -23.9% | -99.8% | 89.0% |
| BLKB | $2.96B | 26.7 | -2.3% | 10.2% | 145.7% | 58.8% |
| VERX | — | — | 12.2% | 0.96% | 2.8% | 64.3% |
| PRCH | $1.13B | -304.3 | 10.2% | -0.70% | 9.9% | 70.5% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $595M | $541M | $477M | $408M | $274M | $204M | $138M | |
| Cost of Revenue | $235M | $216M | $191M | $170M | $111M | $88M | $64M | |
| Gross Profit | $360M | $325M | $285M | $239M | $162M | $116M | $74M | |
| R&D Expense | $128M | $129M | $117M | $122M | $79M | $58M | $35M | |
| SG&A Expense | $92M | $90M | $77M | $83M | $72M | $41M | $23M | |
| Operating Expenses | $356M | $343M | $325M | $333M | $234M | $159M | $102M | |
| Operating Income | $4M | $-18M | $-40M | $-94M | $-71M | $-43M | $-28M | |
| Interest Expense | · | · | $4M | $3M | $2M | $130.0K | $0 | |
| Interest Income | $1M | $2M | $3M | $403.0K | $194.0K | $361.0K | $988.0K | |
| Other Non-op | $19M | $-10M | $-856.0K | $-1M | $-1M | $2M | $33.0K | |
| Pretax Income | $7M | $-36M | $-42M | $-98M | $-74M | $-41M | $-27M | |
| Income Tax | $-3M | $-3M | $2M | $4M | $-24M | $586.0K | $586.0K | |
| Net Income | $5M | $-38M | $-42M | $-103M | $-49M | $-41M | $-28M | |
| EPS (Basic) | $0.05 | $-0.33 | $-0.38 | $-0.93 | $-0.51 | $-0.46 | $-0.35 | |
| EPS (Diluted) | $0.05 | $-0.33 | $-0.38 | $-0.93 | $-0.51 | $-0.46 | $-0.35 | |
| Shares (Basic) | 112,883,703 | 115,162,175 | 112,672,397 | 110,615,734 | 96,722,464 | 87,678,323 | 78,316,794 | |
| Shares (Diluted) | 114,346,567 | 115,162,175 | 112,672,397 | 110,615,734 | 96,722,464 | 87,678,323 | 78,316,794 | |
| EBITDA | $46M | $18M | $6M | $-59M | $-61M | · | · |
Balance Sheet 27
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $88M | $121M | $112M | $82M | $88M | $371M | $91M | |
| Receivables | $167M | $147M | $113M | $99M | $75M | $56M | · | |
| Prepaid Expense | $21M | $21M | $15M | $16M | $13M | $10M | · | |
| Other Current Assets | $2M | $1M | · | · | · | · | · | |
| Current Assets | $294M | $302M | $251M | $207M | $184M | $442M | · | |
| PP&E (Net) | $76M | $75M | $79M | $84M | $61M | $30M | · | |
| PP&E (Gross) | $105M | $104M | $104M | $105M | $76M | $40M | · | |
| Accum. Depreciation | $30M | $29M | $25M | $20M | $15M | $10M | · | |
| Goodwill | $1.08B | $1.02B | $839M | $839M | $841M | $57M | $56M | |
| Intangibles | $136M | $155M | $116M | $153M | $180M | $23M | · | |
| Other Non-current Assets | · | · | · | $8M | $2M | $750.0K | · | |
| Total Assets | $1.65B | $1.61B | $1.34B | $1.33B | $1.30B | $563M | · | |
| Accounts Payable | $15M | $14M | $12M | $12M | $11M | $2M | · | |
| Current Liabilities | $294M | $252M | $215M | $205M | $174M | $116M | · | |
| Capital Leases | $10M | $13M | $16M | $7M | $11M | $0 | · | |
| Deferred Tax | $7M | $14M | $4M | $3M | $2M | $368.0K | · | |
| Other Non-current Liabilities | $4M | $17M | $0 | · | · | · | · | |
| Total Liabilities | $579M | $513M | $288M | $300M | $231M | $134M | · | |
| Long-term Debt | $214M | · | · | · | · | · | · | |
| Common Stock | $59.0K | $58.0K | $57.0K | $56.0K | $55.0K | $47.0K | · | |
| Paid-in Capital | $1.55B | $1.47B | $1.40B | $1.33B | $1.28B | $586M | · | |
| Retained Earnings | $-376M | $-385M | $-353M | $-310M | $-210M | $-161M | · | |
| Treasury Stock | $126M | $0 | · | · | · | · | · | |
| AOCI | $7M | $176.0K | $996.0K | $694.0K | $-72.0K | $240.0K | · | |
| Stockholders' Equity | $1.06B | $1.09B | $1.05B | $1.02B | $1.07B | $425M | $167M | |
| Liabilities + Equity | $1.65B | $1.61B | $1.34B | $1.33B | $1.30B | $563M | · | |
| Shares Outstanding | 113,904,867 | 115,996,852 | 113,684,299 | 111,424,132 | 109,778,542 | 93,643,759 | · |
Cash Flow 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| D&A | $42M | $36M | $45M | $35M | $10M | $7M | $5M | |
| Stock-based Comp | $74M | $72M | $58M | $50M | $28M | $25M | $6M | |
| Deferred Tax | $-6M | $-7M | $-2M | $2M | $-24M | $170.0K | $155.0K | |
| Amort. of Intangibles | $36M | $30M | $37M | $28M | $5M | $3M | $2M | |
| Restructuring | $10M | $0 | $627.0K | $5M | · | · | · | |
| Other Non-cash | $-25M | $-8M | $-1M | $828.0K | $16M | · | · | |
| Operating Cash Flow | $90M | $55M | $57M | $-15M | $-19M | $9M | $-9M | |
| CapEx | $8M | $2M | $4M | $18M | $5M | $4M | $6M | |
| Investing Cash Flow | $-54M | $-219M | $-6M | $-21M | $-278M | $-4M | $-58M | |
| Stock Issued | · | · | · | · | $0 | $0 | $80M | |
| Stock Repurchased | $125M | $0 | $0 | · | · | · | · | |
| Net Stock Activity | $-125M | · | · | · | $0 | · | · | |
| Financing Cash Flow | $-73M | $170M | $-21M | $37M | $16M | $274M | $84M | |
| Net Change in Cash | $-33M | $4M | $30M | $-981.0K | $-283M | $280M | $17M | |
| Taxes Paid | $4M | $4M | $3M | $664.0K | $1M | $631.0K | $369.0K | |
| Free Cash Flow | $83M | $53M | $54M | $-34M | $-25M | · | · | |
| Levered FCF | · | · | $49M | $-37M | $-26M | · | · |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 60.6% | 60.1% | 59.8% | 58.5% | 59.3% | · | · | |
| Operating Margin | 0.63% | -3.4% | -8.3% | -23.0% | -26.1% | · | · | |
| Net Margin | 0.87% | -7.0% | -8.9% | -25.2% | -18.1% | · | · | |
| Pretax Margin | 1.1% | -6.6% | -8.8% | -23.9% | -27.0% | · | · | |
| EBITDA Margin | 7.7% | 3.4% | 1.2% | -14.5% | -22.4% | · | · | |
| ROA | 0.32% | -2.6% | -3.2% | -7.8% | -5.3% | · | · | |
| ROE | 0.49% | -3.5% | -4.1% | -10.0% | -6.6% | · | · | |
| ROIC | 0.51% | -1.6% | -3.9% | -9.6% | -4.5% | · | · |
Liquidity & Solvency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.2 | 1.2 | 1.0 | 1.1 | · | · | |
| Quick Ratio | 0.9 | 1.1 | 1.0 | 0.9 | 0.9 | · | · | |
| Interest Coverage | · | · | -9.6 | -33.5 | -47.1 | · | · |
Efficiency 2
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | · | · | |
| Receivables Turnover | 3.8 | 4.2 | 4.5 | 4.7 | 4.2 | · | · |
Growth Rates 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 10.0% | 13.5% | 16.7% | 49.1% | 34.1% | · | · | |
| Revenue CAGR 3Y | 13.4% | 25.4% | 32.6% | · | · | · | · | |
| Revenue CAGR 5Y | 23.8% | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $595M | $541M | $477M | $408M | $274M | · | · | |
| Net Income TTM | $5M | $-38M | $-42M | $-103M | $-49M | · | · | |
| Market Cap | $2.43B | $3.95B | $3.58B | $3.19B | $5.03B | · | · | |
| P/E | 427.2 | -103.1 | -82.8 | -30.8 | -89.9 | · | · | |
| P/S | 4.1 | 7.3 | 7.5 | 7.8 | 18.4 | · | · | |
| P/B | 2.3 | 3.6 | 3.4 | 3.1 | 4.7 | · | · | |
| P / Tangible Book | · | · | 37.8 | 100.2 | 109.3 | · | · | |
| P / Cash Flow | 27.0 | 71.5 | 62.5 | -207.2 | -261.6 | · | · | |
| P / FCF | 29.5 | 73.9 | 66.6 | -94.5 | -203.8 | · | · | |
| Earnings Yield | 0.23% | -0.97% | -1.2% | -3.2% | -1.1% | · | · |
Income Statement 17
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $159M | $150M | $152M | $149M | $144M | $141M | $139M | $132M | $128M | $124M | $122M | $117M | $114M | $109M | $105M | $100M | |
| Cost of Revenue | $58M | $58M | $58M | $61M | $58M | $57M | $54M | $54M | $51M | $49M | $48M | $48M | $46M | $45M | $43M | $41M | |
| Gross Profit | $101M | $92M | $94M | $88M | $86M | $84M | $85M | $78M | $77M | $74M | $74M | $69M | $67M | $64M | $62M | $58M | |
| R&D Expense | $29M | $30M | $30M | $35M | $33M | $32M | $33M | $34M | $30M | $30M | $29M | $30M | $28M | $33M | $29M | $30M | |
| SG&A Expense | $17M | $26M | $19M | $25M | $22M | $24M | $23M | $20M | $23M | $17M | $19M | $22M | $18M | $21M | $19M | $21M | |
| Operating Expenses | $80M | $89M | $82M | $97M | $88M | $90M | $86M | $86M | $81M | $78M | $87M | $84M | $76M | $88M | $81M | $83M | |
| Operating Income | $21M | $3M | $12M | $-9M | $-2M | $-6M | $-824.0K | $-8M | $-4M | $-3M | $-13M | $-15M | $-9M | $-23M | $-18M | $-25M | |
| Interest Expense | · | · | · | · | · | · | · | · | $1M | · | $854.0K | $1M | $1M | · | $580.0K | $631.0K | |
| Interest Income | $366.0K | $160.0K | $339.0K | $513.0K | $417.0K | $353.0K | $482.0K | $321.0K | $605.0K | $510.0K | $685.0K | $835.0K | $537.0K | $288.0K | $87.0K | $26.0K | |
| Other Non-op | $-333.0K | $2M | $200.0K | $717.0K | $16M | $-10M | $432.0K | $150.0K | $-744.0K | $2M | $-2M | $469.0K | $-782.0K | $4M | $-3M | $-1M | |
| Income Tax | $2M | $-8M | $-695.0K | $1M | $5M | $-4M | $3M | $2M | $-3M | $-3M | $2M | $2M | $1M | $2M | $797.0K | $799.0K | |
| Net Income | $14M | $8M | $7M | $-15M | $6M | $-19M | $-5M | $-11M | $-3M | $1M | $-16M | $-16M | $-11M | $-21M | $-24M | $-27M | |
| EPS (Basic) | $0.13 | $0.07 | $0.06 | $-0.13 | $0.05 | $-0.15 | $-0.05 | $-0.10 | $-0.03 | $0.01 | $-0.15 | $-0.14 | $-0.10 | $-0.19 | $-0.21 | $-0.25 | |
| EPS (Diluted) | $0.12 | $0.07 | $0.06 | $-0.13 | $0.05 | $-0.15 | $-0.05 | $-0.10 | $-0.03 | $0.01 | $-0.15 | $-0.14 | $-0.10 | $-0.19 | $-0.21 | $-0.25 | |
| Shares (Basic) | 108,502,547 | -231,561,878 | 114,407,430 | 115,256,497 | 114,781,654 | -229,826,856 | 115,611,833 | 115,180,130 | 114,197,068 | -224,708,408 | 112,951,553 | 112,396,716 | 112,032,536 | -220,672,579 | 110,897,811 | 110,391,865 | |
| Shares (Diluted) | 109,458,472 | -233,318,996 | 115,830,218 | 115,256,497 | 116,578,848 | -229,826,856 | 115,611,833 | 115,180,130 | 114,197,068 | -224,708,408 | 112,951,553 | 112,396,716 | 112,032,536 | -220,672,579 | 110,897,811 | 110,391,865 | |
| EBITDA | $31M | · | $12M | $-9M | $9M | · | $-824.0K | $-8M | $5M | · | $-13M | $-15M | $504.0K | · | $-18M | $-25M |
Balance Sheet 28
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $103M | $88M | $88M | $123M | $133M | $121M | $258M | $121M | $129M | $112M | $100M | $98M | $98M | $82M | $106M | $86M | |
| Receivables | $125M | $167M | $87M | $98M | $104M | $147M | $65M | $79M | $79M | · | $62M | $81M | $81M | · | $40M | $68M | |
| Prepaid Expense | $23M | $21M | $20M | $19M | $22M | $21M | $14M | $17M | $17M | · | $19M | $21M | $23M | · | $13M | $14M | |
| Other Current Assets | $2M | $2M | $2M | $2M | $1M | $1M | · | · | · | · | · | · | · | · | · | · | |
| Current Assets | $267M | $294M | $209M | $255M | $274M | $302M | $349M | $229M | $237M | · | $191M | $209M | $212M | · | $168M | $177M | |
| PP&E (Net) | $75M | $76M | $76M | $77M | $77M | $75M | $76M | $77M | $78M | · | $81M | $82M | $83M | · | $84M | $73M | |
| PP&E (Gross) | $106M | $105M | $105M | $106M | $108M | $104M | $104M | $104M | $104M | · | $105M | $105M | $106M | · | $103M | $91M | |
| Accum. Depreciation | $31M | $30M | $29M | $28M | $30M | $29M | $28M | $27M | $26M | · | $24M | $23M | $22M | · | $19M | $18M | |
| Goodwill | $1.08B | $1.08B | $1.07B | $1.07B | $1.08B | $1.02B | $909M | $908M | $908M | $839M | $839M | $839M | $839M | $839M | $840M | $841M | |
| Intangibles | $126M | $136M | $143M | $152M | $161M | $155M | $128M | $136M | $143M | · | $122M | $139M | $146M | · | $159M | $166M | |
| Other Non-current Assets | · | · | · | · | · | · | · | · | · | · | · | · | $2M | · | $7M | $8M | |
| Total Assets | $1.61B | $1.65B | $1.56B | $1.62B | $1.65B | $1.61B | $1.52B | $1.41B | $1.42B | · | $1.27B | $1.30B | $1.31B | · | $1.29B | $1.30B | |
| Accounts Payable | $16M | $15M | $13M | $14M | $15M | $14M | $12M | $13M | $16M | · | $13M | $10M | $11M | · | $11M | $9M | |
| Current Liabilities | $300M | $294M | $208M | $249M | $261M | $252M | $179M | $211M | $222M | · | $173M | $208M | $223M | · | $158M | $191M | |
| Capital Leases | $9M | $10M | $10M | $10M | $12M | $13M | $12M | $13M | $13M | · | $6M | $6M | $7M | · | $10M | $9M | |
| Deferred Tax | $8M | $7M | $18M | $19M | $21M | $14M | $11M | $11M | $10M | · | $3M | $3M | $2M | · | $2M | $2M | |
| Other Non-current Liabilities | $4M | $4M | $18M | $17M | $17M | $17M | $4M | $3M | $3M | · | · | · | · | · | · | · | |
| Total Liabilities | $623M | $579M | $507M | $549M | $570M | $513M | $423M | $330M | $356M | · | $236M | $270M | $286M | · | $255M | $252M | |
| Long-term Debt | $263M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Debt | $263M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $60.0K | $59.0K | $59.0K | $59.0K | $59.0K | $58.0K | $58.0K | $58.0K | $57.0K | · | $57.0K | $56.0K | $56.0K | · | $55.0K | $55.0K | |
| Paid-in Capital | $1.55B | $1.55B | $1.53B | $1.51B | $1.49B | $1.47B | $1.46B | $1.44B | $1.42B | · | $1.38B | $1.36B | $1.35B | · | $1.32B | $1.31B | |
| Retained Earnings | $-361M | $-376M | $-384M | $-393M | $-379M | $-385M | $-370M | $-366M | $-355M | · | $-354M | $-338M | $-322M | · | $-289M | $-266M | |
| Treasury Stock | $219M | $126M | $100M | $61M | $41M | $0 | · | · | · | · | · | · | · | · | · | · | |
| AOCI | $4M | $7M | $-760.0K | $-121.0K | $2M | $176.0K | $2M | $1M | $872.0K | · | $906.0K | $844.0K | $818.0K | · | $2M | $1M | |
| Stockholders' Equity | $970M | $1.06B | $1.04B | $1.06B | $1.07B | $1.09B | $1.09B | $1.07B | $1.06B | $1.05B | $1.03B | $1.03B | $1.03B | $1.02B | $1.03B | $1.04B | |
| Liabilities + Equity | $1.61B | $1.65B | $1.56B | $1.62B | $1.65B | $1.61B | $1.52B | $1.41B | $1.42B | · | $1.27B | $1.30B | $1.31B | · | $1.29B | $1.30B | |
| Shares Outstanding | 108,794,598 | 113,904,867 | 114,434,810 | 115,444,919 | 115,240,618 | 115,996,852 | 115,650,585 | 115,387,309 | 114,339,887 | 113,684,299 | 113,030,730 | 112,661,660 | 112,200,481 | · | 110,943,569 | 110,616,050 |
Cash Flow 15
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $10M | $10M | $11M | $11M | $11M | $10M | $9M | $9M | $8M | $8M | $19M | $9M | $9M | $9M | $9M | $8M | |
| Stock-based Comp | $14M | $21M | $18M | $19M | $16M | $19M | $18M | $19M | $16M | $16M | $16M | $15M | $11M | $12M | $13M | $13M | |
| Deferred Tax | $180.0K | $-9M | $-1M | $1M | $3M | $-5M | $160.0K | $785.0K | $-3M | $-3M | $91.0K | $458.0K | $332.0K | $1M | $-28.0K | $270.0K | |
| Amort. of Intangibles | $9M | $9M | $9M | $9M | $9M | $9M | $7M | $7M | $7M | $6M | $17M | $7M | $7M | $7M | $7M | $7M | |
| Restructuring | · | $-52.0K | $64.0K | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | $44M | · | · | · | $20M | · | · | · | $36M | · | · | · | $22M | · | · | · | |
| Operating Cash Flow | $81M | $13M | $5M | $18M | $54M | $-10M | $6M | $5M | $54M | $8M | $6M | $12M | $31M | $-22M | $-4M | $9M | |
| CapEx | $614.0K | $461.0K | $174.0K | $5M | $2M | $350.0K | $680.0K | $444.0K | $342.0K | $432.0K | $619.0K | $859.0K | $2M | $4M | $5M | $5M | |
| Investing Cash Flow | $-614.0K | $-461.0K | $-174.0K | $-5M | $-48M | $-126M | $-830.0K | $-696.0K | $-91M | $-389.0K | $-3M | $-859.0K | $-2M | $-7M | $-4M | $-5M | |
| Stock Repurchased | $110M | $25M | $39M | $20M | $41M | $0 | $0 | $0 | $0 | · | · | · | · | · | · | · | |
| Net Stock Activity | $-110M | · | · | · | $-41M | · | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-66M | $-13M | $-40M | $-22M | $2M | $2M | $125M | $-13M | $56M | $3M | $2M | $-12M | $-14M | $2M | $31M | $3M | |
| Net Change in Cash | $14M | $803.0K | $-35M | $-10M | $12M | $-137M | $131M | $-8M | $17M | $12M | $2M | $-128.0K | $16M | $-24M | $20M | $7M | |
| Taxes Paid | $622.0K | $863.0K | $1M | $2M | $750.0K | $830.0K | $735.0K | $1M | $862.0K | $956.0K | $338.0K | $822.0K | $1M | $7.0K | $173.0K | $483.0K | |
| Free Cash Flow | $81M | · | · | · | $53M | · | · | · | $54M | · | · | · | $30M | · | · | · |
Profitability 6
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 63.3% | · | 61.6% | 59.2% | 60.0% | · | 61.3% | 59.3% | 60.0% | · | 60.6% | 59.0% | 59.4% | · | 59.0% | 58.6% | |
| Operating Margin | 13.2% | · | 7.7% | -6.2% | -1.1% | · | -0.59% | -6.0% | -2.9% | · | -10.6% | -12.6% | -7.6% | · | -17.5% | -25.1% | |
| Net Margin | 8.6% | · | 4.3% | -10.2% | 3.9% | · | -3.8% | -8.3% | -2.3% | · | -13.4% | -13.6% | -9.9% | · | -22.4% | -27.4% | |
| EBITDA Margin | 19.6% | · | 7.7% | -6.2% | 6.4% | · | -0.59% | -6.0% | 3.6% | · | -10.6% | -12.6% | 0.44% | · | -17.5% | -25.1% | |
| ROA | 0.84% | · | 0.42% | -1.0% | 0.36% | · | -0.38% | -0.81% | -0.22% | · | -1.3% | -1.2% | -0.86% | · | -3.6% | -4.2% | |
| ROE | 1.3% | · | 0.61% | -1.4% | 0.52% | · | -0.50% | -1.1% | -0.28% | · | -1.6% | -1.5% | -1.1% | · | -4.6% | -5.2% |
Liquidity & Solvency 5
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | · | 1.0 | 1.0 | 1.0 | · | 1.9 | 1.1 | 1.1 | · | 1.1 | 1.0 | 0.9 | · | 1.1 | 0.9 | |
| Quick Ratio | 0.8 | · | 0.8 | 0.9 | 0.9 | · | 1.8 | 0.9 | 0.9 | · | 0.9 | 0.9 | 0.8 | · | 0.9 | 0.8 | |
| Debt / Equity | 0.3 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| LT Debt / Equity | 0.3 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | -2.5 | · | -15.1 | -14.2 | -6.3 | · | -31.8 | -39.6 |
Efficiency 2
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.2 | 0.2 | |
| Receivables Turnover | 1.4 | · | 2.0 | 1.7 | 1.6 | · | 2.2 | 1.7 | 1.6 | · | 2.4 | 1.6 | 1.5 | · | 5.3 | 2.9 |
Valuation (TTM) 14
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $605M | · | $584M | $564M | $543M | · | $521M | $500M | $481M | · | $458M | $436M | $413M | · | $369M | $330M | |
| Net Income TTM | $10M | · | $-8M | $-26M | $-14M | · | $-36M | $-46M | $-46M | · | $-67M | $-78M | $-93M | · | $-95M | $-85M | |
| Market Cap | $1.90B | · | $3.05B | $3.22B | $2.67B | · | $4.31B | $3.78B | $3.33B | · | $3.18B | $3.64B | $2.77B | · | $3.49B | $3.57B | |
| Enterprise Value | $2.06B | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| P/E | 174.8 | · | -381.1 | -121.4 | -178.5 | · | -113.0 | -78.0 | -69.4 | · | -46.8 | -46.2 | -29.4 | · | -35.8 | -39.9 | |
| P/S | 3.1 | · | 5.2 | 5.7 | 4.9 | · | 8.3 | 7.6 | 6.9 | · | 6.9 | 8.4 | 6.7 | · | 9.5 | 10.8 | |
| P/B | 2.0 | · | 2.9 | 3.1 | 2.5 | · | 4.0 | 3.5 | 3.1 | · | 3.1 | 3.5 | 2.7 | · | 3.4 | 3.4 | |
| P / Tangible Book | · | · | · | · | · | · | 84.0 | 120.7 | 244.1 | · | 46.5 | 72.3 | 68.0 | · | 107.6 | 103.7 | |
| P / Cash Flow | 23.4 | · | · | · | 49.2 | · | · | · | 61.2 | · | · | · | 88.6 | · | · | · | |
| P / FCF | 23.5 | · | · | · | 50.8 | · | · | · | 61.6 | · | · | · | 93.4 | · | · | · | |
| EV / EBITDA | 66.1 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| EV / FCF | 25.5 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 3.4 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 0.57% | · | -0.26% | -0.82% | -0.56% | · | -0.88% | -1.3% | -1.4% | · | -2.1% | -2.2% | -3.4% | · | -2.8% | -2.5% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | |
|---|---|---|---|---|---|
| Revenue | $595M | $541M | $477M | $408M | $274M |
| Gross Margin % | 60.6% | 60.1% | 59.8% | 58.5% | 59.3% |
| Operating Margin % | 0.63% | -3.4% | -8.3% | -23.0% | -26.1% |
| Net Income | $5M | $-38M | $-42M | $-103M | $-49M |
| Diluted EPS | $0.05 | $-0.33 | $-0.38 | $-0.93 | $-0.51 |
Balance Sheet
| 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | |
|---|---|---|---|---|---|
| Current Ratio | 1.0 | 1.2 | 1.2 | 1.0 | 1.1 |
| Quick Ratio | 0.9 | 1.1 | 1.0 | 0.9 | 0.9 |
Cash Flow
| 2026-01-31 | 2025-01-31 | 2024-01-31 | 2023-01-31 | 2022-01-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $83M | $53M | $54M | $-34M | $-25M |
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Institutional owners (13F) 316 filers · $1.5B 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 |
|---|---|---|---|---|
| 85 (+16 vs prior Q) | 64 (-10 vs prior Q) | 98 (-16 vs prior Q) | 83 (+9 vs prior Q) | +8.1M |
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 |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $127,969,423 | 7,826,876 | 8.59% | Shares |
| Senvest Management, LLC | $119,783,305 | 7,326,196 | 8.04% | Shares |
| AMERICAN CAPITAL MANAGEMENT INC | $83,508,263 | 5,107,539 | 5.61% | Shares |
| HMI Capital Management, L.P. | $81,598,157 | 4,990,713 | 5.48% | Shares |
| BANK OF AMERICA CORP /DE/ | $74,631,946 | 4,564,645 | 5.01% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $72,958,736 | 4,462,308 | 4.90% | Shares |
| Clearbridge Investments, LLC | $63,987,916 | 3,913,634 | 4.29% | Shares |
| Lead Edge Capital Management, LLC | $59,883,020 | 3,662,570 | 4.02% | Shares |
| Long Path Partners LP | $59,504,877 | 3,639,442 | 3.99% | Shares |
| STATE STREET CORP | $47,528,142 | 2,906,920 | 3.19% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $42,248,171 | 2,583,986 | 2.84% | Shares |
| ALGEBRIS (UK) LTD | $39,351,776 | 2,414,440 | 2.64% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $38,153,814 | 2,333,047 | 2.56% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $36,324,632 | 2,221,690 | 2.44% | Shares |
| Conestoga Capital Advisors, LLC | $34,669,603 | 2,120,465 | 2.33% | Shares |
| BAMCO INC /NY/ | $30,537,206 | 1,867,719 | 2.05% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $27,309,552 | 1,670,309 | 1.83% | Shares |
| AMERIPRISE FINANCIAL INC | $20,833,891 | 1,274,244 | 1.40% | Shares |
| Quantinno Capital Management LP | $20,693,165 | 1,265,637 | 1.39% | Shares |
| Gotham Asset Management, LLC | $19,799,212 | 1,210,961 | 1.33% | Shares |
| Azora Capital LP | $18,011,830 | 1,101,641 | 1.21% | Shares |
| Tensile Capital Management LP | $17,275,279 | 1,056,592 | 1.16% | Shares |
| Ranger Investment Management, L.P. | $15,942,149 | 975,055 | 1.07% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $14,899,215 | 911,267 | 1.00% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $14,100,894 | 862,440 | 0.95% | Shares |
| CREDIT AGRICOLE S A | $13,321,980 | 814,800 | 0.89% | Shares |
| Clearline Capital LP | $13,068,915 | 799,322 | 0.88% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $11,602,385 | 709,626 | 0.78% | Shares |
| JANUS HENDERSON GROUP PLC | $11,544,127 | 770,636 | 0.77% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $10,340,983 | 632,476 | 0.69% | Shares |
| Woodline Partners LP | $9,641,219 | 589,677 | 0.65% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $8,711,215 | 532,796 | 0.58% | Shares |
| CYPRESS POINT INVESTMENT MANAGEMENT LP | $8,049,579 | 492,329 | 0.54% | Shares |
| RAYMOND JAMES FINANCIAL INC | $7,225,539 | 441,929 | 0.48% | Shares |
| FRED ALGER MANAGEMENT, LLC | $7,056,873 | 431,613 | 0.47% | Shares |
| Man Group plc | $6,961,846 | 425,801 | 0.47% | Shares |
| GOLDMAN SACHS GROUP INC | $6,591,617 | 403,157 | 0.44% | Shares |
| BROWN CAPITAL MANAGEMENT LLC | $6,055,517 | 370,368 | 0.41% | Shares |
| Bank of New York Mellon Corp | $5,289,503 | 323,517 | 0.36% | Shares |
| FIFTH THIRD BANCORP | $5,225,096 | 319,578 | 0.35% | Shares |
| Mariner, LLC | $5,140,744 | 314,547 | 0.35% | Shares |
| CITADEL ADVISORS LLC | $5,081,956 | 310,823 | 0.34% | Shares |
| MILLENNIUM MANAGEMENT LLC | $4,739,571 | 289,882 | 0.32% | Shares |
| NICHOLAS COMPANY, INC. | $4,724,300 | 288,948 | 0.32% | Shares |
| ALLIANCEBERNSTEIN L.P. | $4,640,340 | 309,769 | 0.31% | Shares |
| Trexquant Investment LP | $3,952,645 | 241,752 | 0.27% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,898,641 | 238,449 | 0.26% | Shares |
| CITIGROUP INC | $3,644,987 | 222,935 | 0.24% | Shares |
| Nuveen Asset Management, LLC | $3,584,061 | 106,732 | 0.24% | Shares |
| PALISADE CAPITAL MANAGEMENT, LP | $3,463,502 | 211,835 | 0.23% | Shares |
| Swiss National Bank | $3,382,815 | 206,900 | 0.23% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $3,320,096 | 203,064 | 0.22% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $3,264,768 | 199,680 | 0.22% | Shares |
| FMR LLC | $2,894,800 | 177,052 | 0.19% | Shares |
| Advantage Alpha Capital Partners LP | $2,863,440 | 105,623 | 0.19% | Shares |
| XTX Topco Ltd | $2,857,179 | 174,751 | 0.19% | Shares |
| Edgestream Partners, L.P. | $2,778,241 | 169,923 | 0.19% | Shares |
| WELLS FARGO & COMPANY/MN | $2,696,295 | 164,911 | 0.18% | Shares |
| BANK OF NOVA SCOTIA | $2,696,115 | 164,900 | 0.18% | Shares |
| Russell Investments Group, Ltd. | $2,665,278 | 163,014 | 0.18% | Shares |
| Robeco Institutional Asset Management B.V. | $2,471,597 | 151,168 | 0.17% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $2,442,000 | 149,379 | 0.16% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $2,333,766 | 142,738 | 0.16% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $2,300,004 | 140,673 | 0.15% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $2,258,066 | 138,108 | 0.15% | Shares |
| RHUMBLINE ADVISERS | $2,238,387 | 136,905 | 0.15% | Shares |
| Holocene Advisors, LP | $2,089,072 | 127,772 | 0.14% | Shares |
| Summit Trail Advisors, LLC | $1,996,335 | 122,100 | 0.13% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $1,981,947 | 121,220 | 0.13% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $1,956,621 | 119,671 | 0.13% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,943,745 | 129,756 | 0.13% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $1,907,702 | 116,679 | 0.13% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $1,803,406 | 125,108 | 0.12% | Shares |
| CM WEALTH ADVISORS LLC | $1,789,082 | 109,424 | 0.12% | Shares |
| Squarepoint Ops LLC | $1,634,166 | 99,949 | 0.11% | Shares |
| Schonfeld Strategic Advisors LLC | $1,566,656 | 95,820 | 0.11% | Shares |
| Motley Fool Asset Management LLC | $1,557,714 | 95,273 | 0.10% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,542,067 | 94,316 | 0.10% | Shares |
| BlackRock, Inc. | $1,457,979 | 89,173 | 0.10% | Shares |
| Oak Thistle LLC | $1,454,252 | 88,945 | 0.10% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,429,775 | 87,448 | 0.10% | Shares |
| Nuveen, LLC | $1,363,263 | 83,380 | 0.09% | Shares |
| Trust Co of the South | $1,270,755 | 77,722 | 0.09% | Shares |
| Advisors Capital Management, LLC | $1,238,117 | 75,725 | 0.08% | Shares |
| CWM, LLC | $1,236,389 | 82,536 | 0.08% | Shares |
| GAGNON SECURITIES LLC | $1,231,695 | 75,333 | 0.08% | Shares |
| Bleakley Financial Group, LLC | $1,220,053 | 74,621 | 0.08% | Shares |
| Vanguard Global Advisers, LLC | $1,193,910 | 73,022 | 0.08% | Shares |
| Vinva Investment Management Ltd | $1,189,007 | 51,779 | 0.08% | Shares |
| Sigma Planning Corp | $1,185,375 | 72,500 | 0.08% | Shares |
| Orion Portfolio Solutions, LLC | $1,164,701 | 42,399 | 0.08% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $1,136,325 | 69,500 | 0.08% | Shares |
| D.A. DAVIDSON & CO. | $1,048,853 | 64,150 | 0.07% | Shares |
| MetLife Investment Management, LLC | $1,026,535 | 62,785 | 0.07% | Shares |
| Cerity Partners LLC | $977,436 | 59,782 | 0.07% | Shares |
| Jackson Square Partners, LLC | $970,158 | 35,786 | 0.07% | Shares |
| NATIONAL BANK OF CANADA /FI/ | $931,950 | 57,000 | 0.06% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $930,315 | 56,900 | 0.06% | Put option |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $900,999 | 55,107 | 0.06% | Shares |
| Gibbs Wealth Management | $854,182 | 31,508 | 0.06% | Shares |
Company insiders 19 insiders · 3 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David Rudow | CFO & Treasurer | Nov. 2, 2022 S | 149,390 | 0 | 0 | $0 |
| Joshua L Glover | President & Chief Rev Officer | June 9, 2023 S | 441,275 | 0 | 0 | $0 |
| Matthew Royce Hansen | Chief Product Officer | May 1, 2023 A | 241,429 | 0 | 0 | $0 |
| Andrew Hideki Yasutake | Director | June 18, 2026 A | 25,422 | 0 | 0 | $0 |
| Diego German Dugatkin | Director | June 18, 2026 A | 25,422 | 0 | 0 | $0 |
| Justin C. Nyweide | Director | June 18, 2026 A | 28,656 | 0 | 0 | $0 |
| William R Spruill | Director | June 18, 2026 A | 42,287 | 0 | 0 | $0 |
| Pamela Kilday | Director | June 18, 2026 A | 38,100 | 0 | 0 | $0 |
| Jonathan J Doyle | Director | June 18, 2026 A | 89,836 | 0 | 0 | $0 |
| William J Ruh | Director | June 18, 2026 A | 49,836 | 0 | 0 | $0 |
| Jeff Horing | Director | Sept. 8, 2025 S | 0 | 0 | 5 | $-135,058,236 |
| Spencer Lake | Director | June 23, 2022 A | 17,021 | 0 | 0 | $0 |
| Steven A Collins | Director | June 23, 2022 A | 65,146 | 0 | 0 | $0 |
| Jeffrey W Lunsford | Director | Jan. 7, 2022 A | 243,404 | 0 | 0 | $0 |
| Sean Desmond | — | Aug. 5, 2026 M | 1,231,080 | 0 | 4 | $-1,053,880 |
| Jeanette Sellers | — | Aug. 5, 2026 S | 48,453 | 0 | 2 | $-47,046 |
| April Rieger | — | Aug. 4, 2026 S | 375,749 | 0 | 1 | $-150,915 |
| Pierre Naude | — | Aug. 4, 2026 S | 1,116,707 | 0 | 1 | $-89,892 |
| Gregory Orenstein | — | Aug. 4, 2026 S | 690,513 | 0 | 1 | $-226,412 |
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.
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 55 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 |
|---|---|---|---|---|
| TMFS · RBB Fund, Inc. | 2.74% | 101,045 NS | May 31, 2026 | N-PORT |
| GSC · Goldman Sachs ETF Trust | 0.63% | 99,690 NS | May 31, 2026 | N-PORT |
| MMID · MFS Active Exchange Traded Funds Tr… | 0.59% | 12,457 NS | May 31, 2026 | N-PORT |
| FINX · Global X Funds | 0.33% | 39,727 NS | May 31, 2026 | N-PORT |
| HAPS · Harbor ETF Trust | 0.26% | 23,826 NS | April 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.22% | 3,292 NS | April 30, 2026 | N-PORT |
| AIBU · Direxion Shares ETF Trust | 0.14% | 2,185 NS | April 30, 2026 | N-PORT |
| IWO · iShares Trust | 0.12% | 915,707 SH | Aug. 8, 2026 | Daily |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.10% | 42,210 NS | April 30, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.10% | 108,063 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 39,415 NS | April 30, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.09% | 391,457 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.08% | 114,668 SH | Aug. 8, 2026 | Daily |
| PKW · Invesco Exchange-Traded Fund Trust | 0.07% | 67,047 SH | Aug. 8, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.07% | 3,152 NS | April 30, 2026 | N-PORT |
| IGV · iShares Trust | 0.07% | 483,160 SH | Aug. 8, 2026 | Daily |
| SMMV · iShares Trust | 0.07% | 9,969 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.06% | 2,727,348 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.05% | 618,559 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.05% | 372,876 NS | April 30, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.04% | 5,572 NS | May 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.04% | 1,297,087 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.04% | 502,201 NS | May 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.03% | 325,307 NS | April 30, 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 0.03% | 2,624,342 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.03% | 15,401 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.03% | 10,475 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.03% | 4,226 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.02% | 180,150 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 1,140,339 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.02% | 2,255,126 SH | Aug. 8, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.02% | 10,599 SH | Aug. 8, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.02% | 4,096 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.02% | 6,296 SH | Aug. 8, 2026 | Daily |
| TECB · iShares Trust | 0.01% | 3,418 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 5,845 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 4,386 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.01% | 67,212 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.01% | 1,310 SH | Aug. 8, 2026 | Daily |
| IGM · iShares Trust | 0.01% | 45,519 SH | Aug. 8, 2026 | Daily |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 40,894 NS | May 31, 2026 | N-PORT |
| GVUS · Goldman Sachs ETF Trust | 0.00% | 1,105 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 4,466 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 18,788 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 139,814 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 28,924 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 50,173 NS | May 31, 2026 | N-PORT |
| MSLC · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 3,979 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 26,191 NS | April 30, 2026 | N-PORT |
| GGUS · Goldman Sachs ETF Trust | 0.00% | 264 NS | May 31, 2026 | N-PORT |