NEXT NextDecade Corporation - Common Stock
$6.78
Price · Aug 19, 2026
Fundamentals as of Jul 30, 2026
52W Range
$5–$11
31% of range
Analyst Rating
BUY
11 analysts
Price Target
$9
+36% upside
P/E (TTM)
-4.5
ROE
-181.7%
Net Profit Margin
—
NEXT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$6.78
Market Cap
—
P/E (TTM)
-4.5
EPS (TTM)
$-1.17
Revenue (TTM)
$0
Div Yield
—
ROE
-181.7%
Debt/Equity
89.3
52W Range
$5 – $11
NEXT 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
2016-12-31
→
2025-12-31
EPS
$-1.17
2022-12-31
→
2025-12-31
Free Cash Flow
$-5.02B
2017-12-31
→
2025-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
NEXT
Peer Median
P/E (TTM)
-4.5
13.7
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
NEXT
Peer Median
ROA
-4.6%
-2.4%
ROE
-181.7%
-1.8%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
NEXT
Peer Median
Debt / Equity
89.3
479.0
Current Ratio
0.5
0.9
Quick Ratio
0.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
NEXT
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
NEXT
Peer Median
NEXT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
11 analysts
- Strong Buy 3 27.3%
- Buy 5 45.5%
- Hold 3 27.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
6 analysts · 2026-08-19
Median
$8.75
Mean
$9.25
← Below all targets
$6.78
Low
$7.00
High
$12.00
Median target
$8.75
+29.1%
Mean target
$9.25
+36.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.13%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.25 | $-0.64 | 0.39% |
| March 31, 2026 | $-0.51 | $-0.67 | 0.16% |
| Dec. 31, 2025 | $-0.18 | $-0.49 | 0.31% |
| Sept. 30, 2025 | $-0.42 | $-0.43 | 0.01% |
| June 30, 2025 | $-0.23 | $-0.23 | 0.00% |
| March 31, 2025 | $-0.34 | $-0.26 | -0.09% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NEXT | — | -4.5 | — | — | -181.7% | — |
| EE | — | 21.9 | 44.3% | — | — | — |
| DKL | — | — | 7.7% | 17.4% | — | — |
| NGL | — | — | -9.0% | -4.5% | — | — |
| LPG | $1.46B | 7.5 | 36.3% | 40.2% | 17.6% | — |
| GEL | — | -3.7 | -1.8% | -27.0% | — | — |
| GLP | — | — | 8.1% | 0.53% | — | 5.7% |
| CAPL | — | 20.2 | -10.6% | 1.1% | — | 11.0% |
| SMC | $327M | -16.6 | 30.8% | -1.1% | -1.2% | — |
| OSG | $350M | -1.3 | 6.5% | -103.1% | -34.2% | — |
| SMC | $327M | -16.6 | 30.8% | -1.1% | -1.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | $0 | $0 | $0 | |
| R&D Expense | $8M | $8M | $5M | $4M | · | · | · | · | · | · | · | |
| SG&A Expense | $202M | $150M | $111M | $49M | · | · | · | $35M | $35M | $7M | $7M | |
| Operating Expenses | $226M | $171M | $123M | $54M | $20M | $22M | $35M | $43M | $36M | $9M | $8M | |
| Operating Income | $-226M | $-171M | $-123M | $-54M | $-20M | $-22M | $-35M | $-43M | $-36M | $-9M | $-8M | |
| Interest Expense | $170M | $88M | $50M | $0 | · | · | · | · | · | · | · | |
| Other Non-op | $7M | $-1M | $6M | $151.0K | $1.0K | $-18.0K | $69.0K | $-128.0K | $-31.0K | $63.0K | $9.0K | |
| Income Tax | $0 | · | · | $0 | $0 | $0 | $0 | $0 | · | · | · | |
| Net Income | $-430M | $277M | $-222M | $-60M | $-22M | $-14M | $-36M | $-42M | $-35M | $-8M | $-8M | |
| EPS (Basic) | $-1.17 | $-0.24 | $-0.94 | $-0.65 | $-0.34 | · | · | · | · | · | · | |
| EPS (Diluted) | $-1.17 | $-0.24 | $-0.94 | $-0.65 | · | · | · | · | · | · | · | |
| Shares (Basic) | 262,164,000 | 258,535,000 | 194,595,000 | 130,136,000 | 119,201,000 | 117,524,000 | 109,057,000 | 106,564,000 | 100,926,000 | 95,680,000 | 55,226,000 | |
| Shares (Diluted) | 262,164,000 | 258,535,000 | 194,595,000 | 130,136,000 | 119,201,000 | 117,524,000 | 109,057,000 | 106,564,000 | 100,926,000 | 95,680,000 | 55,226,000 | |
| EBITDA | $-226M | $-171M | $-123M | $-54M | $-20M | $-22M | $-35M | · | $-36M | · | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $144M | $148M | $38M | $63M | $26M | $23M | $16M | $3M | $36M | $13M | $27M | |
| Short-term Investments | · | · | · | · | · | · | · | · | $5M | $5M | · | |
| Prepaid Expense | $11M | $20M | $2M | $1M | $835.0K | $670.0K | $859.0K | $1M | $2M | $1M | · | |
| Other Current Assets | · | · | · | $107.0K | $314.0K | $267.0K | $381.0K | $349.0K | $181.0K | $145.0K | · | |
| Current Assets | $718M | $413M | $315M | $64M | $26M | $23M | $79M | $77M | $43M | $19M | · | |
| PP&E (Net) | $10.57B | $5.02B | $2.44B | $219M | $174M | $162M | $135M | $92M | $73M | $56M | · | |
| PP&E (Gross) | $10.57B | $5.02B | $2.44B | $220M | · | · | · | · | · | · | · | |
| Accum. Depreciation | $3M | $2M | $1M | $1M | · | · | · | · | · | · | · | |
| Other Non-current Assets | $22M | $16M | $11M | $28M | $21M | $16M | $7M | · | · | $349.0K | · | |
| Total Assets | $12.43B | $6.40B | $3.32B | $312M | $222M | $202M | $221M | $169M | $116M | $76M | · | |
| Accounts Payable | $444M | $245M | $243M | $1M | $281.0K | $207.0K | $12M | $719.0K | $726.0K | $1M | · | |
| Accrued Liabilities | $888M | $348M | $306M | $23M | · | · | · | · | · | · | · | |
| Current Liabilities | $1.34B | $595M | $552M | $25M | $8M | $5M | $22M | $12M | $8M | $5M | · | |
| Capital Leases | $142M | $144M | $146M | $465.0K | $0 | $0 | $3.0K | · | · | · | · | |
| Other Non-current Liabilities | · | $0 | $2M | $23M | $23M | $23M | $0 | · | · | · | · | |
| Total Liabilities | $10.12B | $4.66B | $2.58B | $56M | $34M | $29M | $34M | $20M | $13M | $8M | · | |
| Long-term Debt | $8.83B | $4.04B | $1.82B | $0 | · | · | · | · | · | · | · | |
| Total Debt | $8.51B | $3.92B | $1.82B | · | · | · | · | · | · | · | · | |
| Common Stock | · | · | · | $14.0K | $12.0K | $12.0K | $12.0K | $11.0K | $11.0K | $10.0K | · | |
| Paid-in Capital | $893M | $852M | $694M | $289M | $191M | $209M | $224M | $181M | $159M | $88M | · | |
| Retained Earnings | $-760M | $-454M | $-392M | $-230M | $-170M | $-148M | $-134M | $-98M | $-56M | $-20M | · | |
| Treasury Stock | $38M | $21M | $14M | $5M | $1M | $1M | $685.0K | $35.0K | · | · | · | |
| AOCI | · | · | · | · | · | · | · | · | $-40.0K | $-27.0K | · | |
| Stockholders' Equity | $95M | $378M | $288M | $54M | $20M | $60M | $90M | $83M | $103M | $68M | $77M | |
| Liabilities + Equity | $12.43B | $6.40B | $3.32B | $312M | $222M | $202M | $221M | $169M | $116M | $76M | · | |
| Shares Outstanding | 264,800,000 | 260,200,000 | 256,500,000 | 143,500,000 | 120,800,000 | 117,800,000 | 117,300,000 | 106,900,000 | 106,300,000 | 95,700,000 | · |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $12M | $13M | $6M | · | · | · | · | · | · | · | · | |
| Stock-based Comp | $39M | $20M | $27M | $7M | $-4M | $-341.0K | $-10M | $17M | $23M | · | · | |
| Operating Cash Flow | $-169M | $-96M | $-74M | $-40M | $-18M | $-26M | $-41M | $-23M | $-13M | $-7M | $-6M | |
| CapEx | $4.85B | $2.57B | $1.74B | $34M | $12M | $32M | $20M | $19M | $15M | $19M | $33M | |
| Investing Cash Flow | $-4.85B | $-2.57B | $-1.75B | $-41M | $-19M | $19M | $-17M | $-86M | $12M | $-24M | $-33M | |
| Stock Issued | $0 | $0 | $254M | $115M | $557.0K | $0 | · | · | · | · | · | |
| Stock Repurchased | $17M | $7M | $10M | $3M | $284.0K | $346.0K | $650.0K | $35.0K | · | · | · | |
| Net Stock Activity | $-17M | $-7M | $245M | $112M | $273.0K | $-346.0K | $-650.0K | · | · | · | · | |
| Dividends Paid | · | · | · | · | · | · | · | · | · | · | $1M | |
| Financing Cash Flow | $5.34B | $2.77B | $2.06B | $118M | $39M | $15M | $70M | $77M | $24M | · | $83M | |
| Net Change in Cash | $314M | $98M | $232M | $37M | $3M | $7M | $13M | $-33M | $23M | $-32M | $44M | |
| Free Cash Flow | $-5.02B | $-2.66B | $-1.81B | $-74M | $-30M | $-59M | $-61M | · | $-28M | · | · |
Profitability 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -4.6% | 5.7% | -12.2% | -22.5% | -10.4% | -6.8% | -18.4% | · | -36.8% | · | · | |
| ROE | -181.7% | 71.9% | -58.0% | -165.4% | -85.3% | -22.7% | -54.4% | · | -41.3% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.5 | 0.7 | 0.6 | 2.5 | 3.2 | 4.5 | 3.7 | · | 5.1 | · | · | |
| Quick Ratio | 0.1 | 0.2 | 0.1 | 2.5 | 3.1 | 4.4 | 0.7 | · | 4.9 | · | · | |
| Debt / Equity | 89.3 | 10.4 | 6.3 | · | · | · | · | · | · | · | · | |
| LT Debt / Equity | 89.3 | 10.4 | 6.3 | · | · | · | · | · | · | · | · | |
| Interest Coverage | -1.3 | -2.0 | -2.4 | · | · | · | · | · | · | · | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | · | · | 0.0 | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Net Income TTM | $-430M | $277M | $-222M | $-60M | $-22M | $-14M | $-36M | $-42M | $-35M | $-8M | $-8M | |
| Market Cap | · | $2.01B | $1.22B | $709M | $344M | $246M | $720M | · | $884M | · | · | |
| Enterprise Value | · | $5.78B | $3.00B | · | · | · | · | · | · | · | · | |
| P/E | -4.5 | -32.1 | -5.1 | -7.6 | · | · | · | · | · | · | · | |
| P/B | · | 5.3 | 4.2 | 13.0 | 17.3 | 4.1 | 8.0 | · | 8.6 | · | · | |
| P / Tangible Book | · | 5.3 | 4.2 | 13.0 | 17.3 | 4.1 | · | · | · | · | · | |
| P / Cash Flow | · | -21.0 | -16.6 | -17.7 | -19.2 | -9.4 | -17.7 | · | -68.9 | · | · | |
| P / FCF | · | -0.8 | -0.7 | -9.6 | -11.5 | -4.2 | -11.8 | · | -32.0 | · | · | |
| EV / EBITDA | · | -33.8 | -24.5 | · | · | · | · | · | · | · | · | |
| EV / FCF | · | -2.2 | -1.7 | · | · | · | · | · | · | · | · | |
| Earnings Yield | -22.2% | -3.1% | -19.7% | -13.2% | · | · | · | · | · | · | · | |
| Annual Payout | · | · | · | · | · | · | · | · | · | · | $1M |
Income Statement 15
| 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 | $0 | $0 | |
| R&D Expense | $3M | $2M | $4M | $3M | $1M | $307.0K | $956.0K | $2M | $2M | $3M | $3M | $1M | $418.0K | $464.0K | · | · | |
| SG&A Expense | $30M | $50M | $39M | $66M | $37M | $45M | $40M | $44M | $34M | $33M | $26M | $32M | $27M | $26M | · | · | |
| Operating Expenses | $55M | $55M | $46M | $72M | $56M | $52M | $44M | $49M | $40M | $38M | $32M | $36M | $28M | $27M | $20M | $16M | |
| Operating Income | $-55M | $-55M | $-46M | $-72M | $-56M | $-52M | $-44M | $-49M | $-40M | $-38M | $-32M | $-36M | $-28M | $-27M | $-20M | $-16M | |
| Interest Expense | $91M | $79M | $71M | $40M | $32M | $27M | $20M | $16M | $26M | $25M | $18M | $33M | $0 | $0 | $0 | $0 | |
| Interest Income | · | · | · | · | · | · | · | · | · | · | · | $966.0K | · | · | · | $0 | |
| Other Non-op | $2M | $1M | $6M | $-20.0K | $1M | $3M | $-758.0K | $2M | $-1M | $-1M | $830.0K | $10M | $-5M | $130.0K | $65.0K | $65.0K | |
| Income Tax | $0 | $0 | · | · | $0 | $0 | · | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Net Income | $-60M | $-195M | $71M | $-185M | $-71M | $-245M | $481M | $-393M | $2M | $187M | $-256M | $182M | $-120M | $-27M | $-19M | $-19M | |
| EPS (Basic) | $-0.25 | $-0.51 | $-0.18 | $-0.42 | $-0.23 | $-0.34 | $0.25 | $-0.47 | $-0.13 | $0.11 | $-0.35 | $0.48 | $-0.84 | $-0.23 | $-0.19 | $-0.19 | |
| EPS (Diluted) | $-0.25 | $-0.51 | $-0.18 | $-0.42 | $-0.23 | $-0.34 | $0.25 | $-0.47 | $-0.13 | $0.11 | $-0.35 | $0.48 | $-0.84 | $-0.23 | $-0.18 | $-0.19 | |
| Shares (Basic) | 265,043,000 | 264,908,000 | -521,699,000 | 262,581,000 | 260,877,000 | 260,405,000 | -515,393,000 | 259,379,000 | 257,842,000 | 256,707,000 | -325,735,000 | 222,466,000 | 150,933,000 | 146,931,000 | -246,924,000 | 129,418,000 | |
| Shares (Diluted) | 265,387,000 | 264,908,000 | -521,699,000 | 262,581,000 | 260,877,000 | 260,405,000 | -525,572,000 | 259,379,000 | 257,842,000 | 266,886,000 | -325,735,000 | 222,466,000 | 150,933,000 | 146,931,000 | -246,924,000 | 129,418,000 | |
| EBITDA | $-55M | $-55M | · | $-72M | $-56M | $-52M | · | $-49M | $-40M | $-38M | · | $-36M | $-28M | $-27M | · | $-16M |
Balance Sheet 24
| 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 | $84M | $143M | $144M | $209M | $159M | $131M | $148M | $38M | $38M | $46M | · | $51M | $40M | $51M | $63M | $109M | |
| Prepaid Expense | $120M | $9M | $11M | $10M | $7M | $4M | $20M | $1M | $2M | $3M | · | $2M | $13M | $2M | $1M | $1M | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | · | $126.0K | $259.0K | $468.0K | · | $547.0K | |
| Current Assets | $632M | $488M | $718M | $765M | $477M | $405M | $413M | $271M | $224M | $284M | · | $469M | $53M | $53M | $64M | $111M | |
| PP&E (Net) | $13.08B | $11.66B | $10.57B | $8.47B | $6.59B | $5.70B | $5.02B | $4.33B | $3.73B | $3.16B | · | $1.71B | $266M | $244M | $219M | $183M | |
| PP&E (Gross) | · | $11.67B | $10.57B | $8.47B | $6.59B | $5.70B | $5.02B | $4.33B | $3.73B | $3.16B | · | · | · | · | $220M | · | |
| Accum. Depreciation | $4M | $3M | $3M | $2M | $2M | $2M | $2M | $1M | $751.0K | $259.0K | · | · | · | · | $1M | · | |
| Other Non-current Assets | $67M | $50M | $22M | $36M | $49M | $25M | $16M | $16M | $16M | $17M | · | $11M | $32M | $30M | $28M | $26M | |
| Total Assets | $15.21B | $13.23B | $12.43B | $10.01B | $7.86B | $6.89B | $6.40B | $5.12B | $4.76B | $4.18B | · | $2.90B | $353M | $328M | $312M | $321M | |
| Accounts Payable | $327M | $298M | $444M | $429M | $312M | $257M | $245M | $224M | $132M | $175M | · | $327M | $13M | $2M | $1M | $5M | |
| Accrued Liabilities | $1.36B | $915M | $888M | $762M | $369M | $216M | $348M | $331M | $365M | $322M | · | · | · | · | $23M | · | |
| Current Liabilities | $1.69B | $1.21B | $1.34B | $1.19B | $684M | $476M | $595M | $558M | $500M | $506M | · | $551M | $45M | $35M | $25M | $17M | |
| Capital Leases | $119M | $118M | $142M | $143M | $143M | $144M | $144M | $145M | $145M | $145M | · | $146M | $331.0K | $395.0K | $465.0K | $143.0K | |
| Other Non-current Liabilities | · | · | · | · | · | · | · | · | · | · | · | $0 | $23M | $23M | $23M | $23M | |
| Total Liabilities | $12.39B | $10.87B | $10.12B | $8.03B | $6.00B | $5.17B | $4.66B | $4.08B | $3.48B | $3.04B | · | $2.08B | $157M | $62M | $56M | $48M | |
| Long-term Debt | · | · | $8.83B | · | · | · | · | $3.37B | $2.87B | $2.44B | · | $1.41B | · | · | · | · | |
| Total Debt | $10.42B | $9.36B | · | $6.61B | $5.17B | $4.55B | · | $3.32B | $2.83B | $2.39B | · | $1.38B | · | · | · | · | |
| Common Stock | · | · | · | · | · | · | · | · | · | · | · | $26.0K | $16.0K | $15.0K | · | $14.0K | |
| Paid-in Capital | $942M | $904M | $893M | $904M | $885M | $866M | $852M | $1.21B | $1.04B | $898M | · | $754M | $363M | $319M | $289M | $292M | |
| Retained Earnings | $-962M | $-896M | $-760M | $-713M | $-603M | $-542M | $-454M | $-519M | $-396M | $-363M | · | $-263M | $-378M | $-257M | $-230M | $-211M | |
| Treasury Stock | $38M | $38M | $38M | $36M | $21M | $21M | $21M | $21M | $14M | $14M | · | $14M | $5M | $5M | $5M | $4M | |
| Stockholders' Equity | $-57M | $-31M | $95M | $154M | $260M | $302M | $378M | $670M | $633M | $520M | · | $477M | $-20M | $57M | $54M | $76M | |
| Liabilities + Equity | $15.21B | $13.23B | $12.43B | $10.01B | $7.86B | $6.89B | $6.40B | $5.12B | $4.76B | $4.18B | · | $2.90B | $353M | $328M | $312M | $321M | |
| Shares Outstanding | 265,100,000 | 265,000,000 | · | 264,400,000 | 260,900,000 | 260,700,000 | · | 260,100,000 | 257,900,000 | 257,500,000 | · | 256,500,000 | 157,500,000 | 149,400,000 | 143,500,000 | 143,200,000 |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $8M | $3M | $3M | $3M | $393.0K | $3M | $3M | $3M | $3M | $3M | · | · | · | · | · | · | |
| Stock-based Comp | $5M | $5M | $12M | $13M | $7M | $7M | $6M | $5M | $4M | $4M | $4M | $10M | $11M | $2M | $4M | $3M | |
| Operating Cash Flow | $-17M | $-111M | $-21M | $-76M | $-4M | $-69M | $-9M | $-64M | $6M | $-29M | $-21M | $-11M | $-18M | $-23M | $-12M | $-10M | |
| CapEx | $981M | $1.18B | $1.99B | $1.36B | $732M | $770M | $695M | $505M | $578M | $775M | $741M | $944M | $31M | $22M | $28M | $3M | |
| Investing Cash Flow | $-1.03B | $-1.18B | $-1.97B | $-1.35B | $-752M | $-779M | $-695M | $-505M | $-578M | $-781M | $-742M | $-954M | $-33M | $-23M | $-30M | $-5M | |
| Stock Issued | · | · | · | · | · | · | $0 | $0 | $0 | $0 | $0 | $179M | $40M | $35M | $0 | $85M | |
| Stock Repurchased | $0 | $18.0K | $1M | $15M | $42.0K | $49.0K | $125.0K | $6M | $59.0K | $94.0K | $20.0K | $10M | $23.0K | $47.0K | $460.0K | $1M | |
| Net Stock Activity | · | $-18.0K | · | · | · | $-49.0K | · | · | · | $-94.0K | · | · | · | $35M | · | · | |
| Financing Cash Flow | $1.08B | $1.05B | $1.96B | $1.71B | $827M | $842M | $830M | $632M | $524M | $766M | $612M | $1.37B | $40M | $35M | $-4M | $84M | |
| Net Change in Cash | $35M | $-242M | $-38M | $288M | $71M | $-7M | $127M | $63M | $-48M | $-43M | $-151M | $406M | $-11M | $-12M | $-46M | $69M | |
| Free Cash Flow | · | $-1.29B | · | · | · | $-839M | · | · | · | $-803M | · | · | · | $-45M | · | · |
Profitability 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROA | -0.52% | -1.9% | · | · | · | -4.4% | · | · | · | 8.3% | · | 11.3% | -40.3% | -10.0% | · | -6.8% | |
| ROE | -59.2% | -143.5% | · | · | · | -59.6% | · | · | · | 64.8% | · | 65.7% | 17123.0% | -96.5% | · | -34.8% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.4 | 0.4 | · | 0.6 | 0.7 | 0.9 | · | 0.5 | 0.4 | 0.6 | · | 0.9 | 1.2 | 1.5 | · | 6.5 | |
| Quick Ratio | 0.0 | 0.1 | · | 0.2 | 0.2 | 0.3 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.9 | 1.5 | · | 6.4 | |
| Debt / Equity | -181.9 | -304.7 | · | 42.8 | 19.9 | 15.0 | · | 4.9 | 4.5 | 4.6 | · | 2.9 | · | · | · | · | |
| LT Debt / Equity | -181.9 | -304.7 | · | 42.8 | 19.9 | 15.0 | · | 4.9 | 4.5 | 4.6 | · | 2.9 | · | · | · | · | |
| Interest Coverage | -0.6 | -0.7 | · | -1.8 | -1.8 | -1.9 | · | -3.1 | -1.5 | -1.5 | · | -1.1 | · | · | · | · |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $0 | $0 | · | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | $0 | $0 | · | $0 | |
| Net Income TTM | · | · | · | · | · | · | · | $221M | $221M | $221M | · | $15M | $-177M | $-68M | · | $-40M | |
| Market Cap | $2.00B | $2.03B | · | $1.80B | $2.32B | $2.03B | · | $1.23B | $2.05B | $1.46B | · | $1.31B | $1.29B | $743M | · | $862M | |
| Enterprise Value | $12.33B | $11.24B | · | $8.20B | $7.34B | $6.45B | · | $4.50B | $4.84B | $3.81B | · | $2.64B | · | · | · | · | |
| P/E | -5.3 | -5.1 | · | -4.7 | -7.6 | -9.4 | · | -471.0 | -20.9 | -11.8 | · | -6.6 | · | · | · | · | |
| P/B | -34.9 | -66.1 | · | 11.6 | 8.9 | 6.7 | · | 1.8 | 3.2 | 2.8 | · | 2.8 | -65.7 | 13.1 | · | 11.3 | |
| P / Tangible Book | · | · | · | 11.6 | 8.9 | 6.7 | · | 1.8 | 3.2 | 2.8 | · | 2.8 | · | 13.1 | · | 11.3 | |
| P / Cash Flow | · | -18.3 | · | · | · | -29.5 | · | · | · | -50.7 | · | · | · | -32.0 | · | · | |
| P / FCF | · | -1.6 | · | · | · | -2.4 | · | · | · | -1.8 | · | · | · | -16.6 | · | · | |
| EV / EBITDA | -226.0 | -204.0 | · | -113.9 | -130.4 | -124.2 | · | -91.6 | -122.5 | -100.0 | · | -73.8 | · | · | · | · | |
| EV / FCF | · | -8.7 | · | · | · | -7.7 | · | · | · | -4.7 | · | · | · | · | · | · | |
| Earnings Yield | -18.7% | -19.6% | · | -21.5% | -13.1% | -10.7% | · | -0.21% | -4.8% | -8.5% | · | -15.2% | · | · | · | · |
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 | $-430M | $277M | $-222M | $-60M | $-22M |
| Diluted EPS | $-1.17 | $-0.24 | $-0.94 | $-0.65 | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 89.3 | 10.4 | 6.3 | — | — |
| Current Ratio | 0.5 | 0.7 | 0.6 | 2.5 | 3.2 |
| Quick Ratio | 0.1 | 0.2 | 0.1 | 2.5 | 3.1 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-5.02B | $-2.66B | $-1.81B | $-74M | $-30M |
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Institutional owners (13F) 255 filers · $933.5M 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 |
|---|---|---|---|---|
| 51 (-14 vs prior Q) | 32 (0 vs prior Q) | 89 (-2 vs prior Q) | 58 (+14 vs prior Q) | +4.7M |
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 |
|---|---|---|---|---|
| Mubadala Investment Co PJSC | $107,116,075 | 14,206,376 | 11.47% | Shares |
| BlackRock, Inc. | $85,152,342 | 11,293,414 | 9.12% | Shares |
| Man Investment Partners (US) LP | $69,932,701 | 9,274,894 | 7.49% | Shares |
| BARDIN HILL MANAGEMENT PARTNERS LP | $62,976,530 | 9,274,894 | 6.75% | Shares |
| VANGUARD GROUP INC | $42,707,268 | 8,103,846 | 4.57% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $41,698,718 | 5,530,334 | 4.47% | Shares |
| Catalyst Capital Advisors LLC | $39,333,104 | 5,216,592 | 4.21% | Shares |
| CITADEL ADVISORS LLC | $34,466,848 | 4,571,200 | 3.69% | Call option |
| York Capital Management Global Advisors, LLC | $28,954,583 | 4,264,298 | 3.10% | Shares |
| STATE STREET CORP | $28,647,974 | 3,799,466 | 3.07% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $27,785,954 | 3,684,422 | 2.98% | Shares |
| JANE STREET GROUP, LLC | $21,835,840 | 2,896,000 | 2.34% | Call option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $18,724,097 | 2,483,302 | 2.01% | Shares |
| MILLENNIUM MANAGEMENT LLC | $16,997,595 | 2,254,323 | 1.82% | Shares |
| NEOS Investment Management LLC | $16,273,009 | 2,158,224 | 1.74% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $16,066,232 | 2,130,800 | 1.72% | Shares |
| Balyasny Asset Management L.P. | $15,080,000 | 2,000,000 | 1.62% | Call option |
| Balyasny Asset Management L.P. | $14,529,248 | 1,926,956 | 1.56% | Shares |
| BANK OF AMERICA CORP /DE/ | $14,055,834 | 1,864,169 | 1.51% | Shares |
| Kestra Advisory Services, LLC | $11,038,914 | 1,464,047 | 1.18% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $11,017,214 | 1,461,169 | 1.18% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $10,650,318 | 1,412,509 | 1.14% | Shares |
| PEAK6 LLC | $9,829,898 | 1,303,700 | 1.05% | Call option |
| Caption Management, LLC | $9,545,640 | 1,266,000 | 1.02% | Call option |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $9,332,168 | 1,237,688 | 1.00% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,570,160 | 1,004,000 | 0.81% | Call option |
| Yaupon Capital Management LP | $7,569,459 | 1,003,907 | 0.81% | Shares |
| SL ADVISORS, LLC | $7,560,358 | 986,992 | 0.81% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $7,068,675 | 937,490 | 0.76% | Shares |
| JANE STREET GROUP, LLC | $6,494,202 | 861,300 | 0.70% | Put option |
| AQR CAPITAL MANAGEMENT LLC | $6,014,892 | 797,731 | 0.64% | Shares |
| VALINOR MANAGEMENT, L.P. | $5,925,198 | 872,636 | 0.63% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,444,830 | 589,500 | 0.48% | Put option |
| Sourcerock Group LLC | $4,058,254 | 538,230 | 0.43% | Shares |
| Freshford Capital Management, LLC | $3,977,554 | 527,527 | 0.43% | Shares |
| VIKING FUND MANAGEMENT LLC | $3,770,000 | 500,000 | 0.40% | Shares |
| NOMURA HOLDINGS INC | $3,770,000 | 500,000 | 0.40% | Call option |
| CITADEL ADVISORS LLC | $3,411,850 | 452,500 | 0.37% | Put option |
| Caption Management, LLC | $3,189,420 | 423,000 | 0.34% | Put option |
| LPL Financial LLC | $3,001,650 | 398,097 | 0.32% | Shares |
| Man Group plc | $2,895,270 | 383,988 | 0.31% | Shares |
| Empowered Funds, LLC | $2,852,035 | 378,254 | 0.31% | Shares |
| Wolf Hill Capital Management, LP | $2,826,716 | 374,896 | 0.30% | Shares |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | $2,796,066 | 370,831 | 0.30% | Shares |
| ALPS ADVISORS INC | $2,703,173 | 358,511 | 0.29% | Shares |
| UBS Group AG | $2,590,111 | 343,516 | 0.28% | Shares |
| Point72 Asset Management, L.P. | $2,469,350 | 327,500 | 0.26% | Call option |
| Swiss National Bank | $2,204,696 | 292,400 | 0.24% | Shares |
| JPMORGAN CHASE & CO | $1,991,027 | 270,520 | 0.21% | Shares |
| LASRY MARC | $1,726,493 | 254,270 | 0.18% | Shares |
| Zimmer Partners, LP | $1,722,890 | 228,500 | 0.18% | Shares |
| Quantinno Capital Management LP | $1,709,393 | 226,710 | 0.18% | Shares |
| RHUMBLINE ADVISERS | $1,647,402 | 218,490 | 0.18% | Shares |
| Squarepoint Ops LLC | $1,572,995 | 208,620 | 0.17% | Shares |
| Quadrature Capital Ltd | $1,510,647 | 200,351 | 0.16% | Shares |
| D. E. Shaw & Co., Inc. | $1,508,000 | 200,000 | 0.16% | Put option |
| AMERIPRISE FINANCIAL INC | $1,414,806 | 187,640 | 0.15% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,331,461 | 173,820 | 0.14% | Shares |
| RAYMOND JAMES FINANCIAL INC | $1,308,469 | 173,537 | 0.14% | Shares |
| Walleye Trading LLC | $1,301,366 | 172,595 | 0.14% | Shares |
| Cubist Systematic Strategies, LLC | $1,284,923 | 189,238 | 0.14% | Shares |
| Bank of New York Mellon Corp | $1,276,160 | 169,252 | 0.14% | Shares |
| ExodusPoint Capital Management, LP | $1,273,664 | 168,921 | 0.14% | Shares |
| Caption Management, LLC | $1,160,361 | 153,894 | 0.12% | Shares |
| WOLVERINE TRADING, LLC | $1,112,695 | 160,100 | 0.12% | Call option |
| Nebula Research & Development LLC | $1,079,313 | 121,135 | 0.12% | Shares |
| D. E. Shaw & Co., Inc. | $1,074,450 | 142,500 | 0.12% | Call option |
| VARCOV Co. | $1,044,237 | 138,493 | 0.11% | Shares |
| Schonfeld Strategic Advisors LLC | $1,044,220 | 138,491 | 0.11% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $876,910 | 116,301 | 0.09% | Shares |
| Headlands Technologies LLC | $872,996 | 115,782 | 0.09% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $871,066 | 115,526 | 0.09% | Shares |
| Walleye Trading LLC | $869,362 | 115,300 | 0.09% | Call option |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $862,095 | 112,545 | 0.09% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $848,250 | 112,500 | 0.09% | Call option |
| JONES FINANCIAL COMPANIES LLLP | $842,562 | 112,944 | 0.09% | Shares |
| Walleye Capital LLC | $832,416 | 110,400 | 0.09% | Put option |
| TWO SIGMA INVESTMENTS, LP | $825,524 | 109,486 | 0.09% | Shares |
| GOLDMAN SACHS GROUP INC | $815,881 | 108,207 | 0.09% | Shares |
| CASTLEARK MANAGEMENT LLC | $801,125 | 106,250 | 0.09% | Shares |
| Hara Capital LLC | $797,204 | 105,730 | 0.09% | Shares |
| MetLife Investment Management, LLC | $788,119 | 104,525 | 0.08% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $776,213 | 102,946 | 0.08% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $776,168 | 102,940 | 0.08% | Shares |
| TUDOR INVESTMENT CORP ET AL | $754,000 | 100,000 | 0.08% | Put option |
| SEI INVESTMENTS CO | $723,018 | 95,891 | 0.08% | Shares |
| Mariner, LLC | $689,954 | 91,565 | 0.07% | Shares |
| O'Brien Greene & Co. Inc | $663,279 | 87,968 | 0.07% | Shares |
| CITIGROUP INC | $606,095 | 80,384 | 0.06% | Shares |
| Walleye Trading LLC | $602,446 | 79,900 | 0.06% | Put option |
| WOLVERINE TRADING, LLC | $579,630 | 83,400 | 0.06% | Put option |
| Point72 Asset Management, L.P. | $553,436 | 73,400 | 0.06% | Put option |
| BRIDGER MANAGEMENT, LLC | $519,631 | 67,837 | 0.06% | Shares |
| Invesco Ltd. | $511,823 | 67,881 | 0.05% | Shares |
| CITADEL ADVISORS LLC | $506,718 | 67,204 | 0.05% | Shares |
| Corient Private Wealth LP | $505,839 | 67,111 | 0.05% | Shares |
| Bleakley Financial Group, LLC | $503,370 | 66,760 | 0.05% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $499,585 | 66,258 | 0.05% | Shares |
| Cannell & Spears LLC | $467,480 | 62,000 | 0.05% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $458,123 | 60,759 | 0.05% | Shares |
Company insiders 19 insiders · 6 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Matthew K Schatzman | Chief Executive Officer | July 10, 2026 F | 5,338,853 | 0 | 0 | $0 |
| Benjamin Atkins | Chief Financial Officer | May 24, 2019 A | 120,560 | 0 | 0 | $0 |
| Vera De Gyarfas | General Counsel | July 10, 2026 F | 930,098 | 0 | 0 | $0 |
| Krysta De Lima | General Counsel | May 24, 2019 A | 89,647 | 0 | 0 | $0 |
| Ivan Van Der Walt | SVP Engineering & Construction | April 1, 2019 A | 62,000 | 0 | 0 | $0 |
| Eric Garcia | Chief Accounting Officer | Jan. 31, 2019 F | 20,305 | 0 | 0 | $0 |
| Charles Q. Brown Jr. | Director | June 15, 2026 A | 11,965 | 0 | 0 | $0 |
| David L Stover | Director | June 15, 2026 A | 20,565 | 0 | 0 | $0 |
| Beall Pamela K.M. | Director | March 23, 2026 P | 71,500 | 1 | 0 | $505,505 |
| Frank Chapman | Director | Dec. 31, 2019 A | 5,429 | 0 | 0 | $0 |
| Louis Spencer Wells | Director | Dec. 31, 2019 A | 30,052 | 0 | 0 | $0 |
| Eric Rosenfeld | Director | Oct. 30, 2019 J | 1,277,274 | 0 | 0 | $0 |
| David Sgro | Director | July 24, 2017 C | 272,019 | 0 | 0 | $0 |
| Adam Semler | Director | March 27, 2017 A | — | 0 | 0 | $0 |
| John P. Schauerman | Director | March 27, 2017 A | — | 0 | 0 | $0 |
| Leonard B Schlemm | Director | March 27, 2017 A | 59,900 | 0 | 0 | $0 |
| Hanwha Aerospace Co., Ltd. | 10% owner | Dec. 12, 2025 P | 26,420,222 | 24 | 0 | $53,692,822 |
| Polar Securities Inc. | 10% owner | June 9, 2017 S | 1,217,975 | 0 | 0 | $0 |
| Thomas Kobylarz | — | July 24, 2017 C | 52,780 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 9 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 |
|---|---|---|---|---|---|
| GASC GP, LLC, General Atlantic Partners, L.P., GAP Holdings GP, LLC, Atlantic Park UGP, LLC, Atlantic Park Strategic Capital Fund II GP, L.P., Atlantic Park Strategic Capital Master Fund II, L.P., Atlantic Park Strategic Capital Parallel Master Fund II, L.P., APSC II Holdco I, L.P., APSC II Holdco II, L.P. | June 10, 2026 | 5.90% | Initial filing | Passive investment | SEC |
| HGC NEXT INV LLC, Hanwha Impact Partners Inc., Hanwha Impact Global Corporation, Hanwha Aerospace Co., Ltd., Hanwha Ocean USA International LLC, Hanwha Ocean USA Holdings Corp., Hanwha Ocean Co., Ltd. ×6 filings | Dec. 11, 2025 | 9.70% | Amendment | — | SEC |
| VALINOR CAPITAL PARTNERS, L.P., VALINOR CAPITAL PARTNERS OFFSHORE MASTER FUND, L.P., Valinor Associates, LLC, VALINOR MANAGEMENT, L.P., Gallo David ×12 filings | May 15, 2025 | 4.98% | Amendment | — | SEC |
| York Capital Management Global Advisors, LLC ×19 filings | July 29, 2024 | — | Initial filing | — | SEC |
| Halcyon Mount Bonnell Fund LP, HCN LP, HCN GP LLC, Halcyon Energy, Power and Infrastructure Capital Holdings LLC, First Series of HDML Fund I LLC, Bardin Hill Fund GP LLC, Bardin Hill Event-Driven Master Fund LP, Avinash Kripalani, Jason Dillow, John Greene, Pratik Desai, Bardin Hill Investment Partners LP ×14 filings | Oct. 6, 2023 | — | Initial filing | — | SEC |
| Mubadala Investment Company PJSC, Mamoura Diversified Global Holding PJSC, Ninteenth Investment Company LLC ×4 filings | Sept. 19, 2023 | — | Initial filing | — | SEC |
| TotalEnergies SE (2), TotalEnergies Gestion USA SARL (2), TotalEnergies Holdings USA, Inc. (2), TotalEnergies Delaware, Inc. (2), Global LNG North America Corp. (2) ×3 filings | Sept. 8, 2023 | — | Initial filing | Board campaign | SEC |
| Kathleen Eisbrenner (2) ×3 filings | Oct. 31, 2019 | — | Initial filing | — | SEC |
| Valinor Capital Partners SPV XIX, LLC, Valinor Capital Partners SPV XXII, LLC, Valinor Capital Partners Offshore Master Fund, L.P., VND Partners, L.P., Valinor Associates, LLC, Valinor Management, L.P., David Gallo ×2 filings | Oct. 17, 2017 | — | 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 34 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 |
|---|---|---|---|---|
| USAI · Pacer Funds Trust | 2.99% | 416,267 NS | April 30, 2026 | N-PORT |
| PXI · Invesco Exchange-Traded Fund Trust | 0.72% | 54,836 SH | Aug. 8, 2026 | Daily |
| ENFR · ALPS ETF Trust | 0.50% | 290,637 NS | May 31, 2026 | N-PORT |
| MLPX · Global X Funds | 0.39% | 1,733,052 NS | May 31, 2026 | N-PORT |
| VDE · VANGUARD WORLD FUND | 0.09% | 1,345,279 SH | Aug. 8, 2026 | Daily |
| FENY · FIDELITY COVINGTON TRUST | 0.09% | 227,337 NS | April 30, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.07% | 120,001 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.07% | 61,361 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.06% | 1,279,279 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.04% | 75,968 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 970,403 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.04% | 4,277,427 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.04% | 149,196 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.03% | 8,250 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.03% | 26,602 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 677,440 NS | May 31, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.02% | 282 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 6,453 NS | May 31, 2026 | N-PORT |
| TEXN · iShares Trust | 0.02% | 475 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 6,531 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.01% | 280,485 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.01% | 5,412 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 11,131 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,615,911 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 32,840 SH | Aug. 8, 2026 | Daily |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 96,362 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 5,995 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 164 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 83,252 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 197,332 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 32,082 SH | Aug. 8, 2026 | Daily |
| TILT · FlexShares Trust | 0.00% | 2,052 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,787,633 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 14,779 SH | Aug. 8, 2026 | Daily |