NTNX Nutanix, Inc. - Class A Common Stock
About Nutanix, Inc. - Class A Common Stock Company overview from Wikipedia
Nutanix, Inc. is an American cloud computing company that sells software for datacenters and hybrid multi-cloud deployments. This includes software for virtualization, Kubernetes, database-as-a-service, software-defined networking, security, as well as software-defined storage for file, object, and block storage.
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Nutanix, Inc. is an American cloud computing company that sells software for datacenters and hybrid multi-cloud deployments. This includes software for virtualization, Kubernetes, database-as-a-service, software-defined networking, security, as well as software-defined storage for file, object, and block storage.
History
Nutanix was founded on September 23, 2009, by Dheeraj Pandey, Mohit Aron and Ajeet Singh. In early 2013 Aron left Nutanix to start Cohesity, a privately held computer data storage company.
Venture capital firms invested $312.2 million over five rounds of funding in Nutanix. The company reached a $1 billion valuation by 2013, which made it known as a "unicorn startup". It raised $140 million in a Series E round of financing in 2014, valuing the company at approximately $2 billion. Nutanix's backers included Lightspeed Venture Partners, Khosla Ventures, and Blumberg Capital.
Nutanix filed for an initial public offering (IPO) in December 2015, reporting a net loss in its fiscal year ending July 2015 of $126 million. In August 2016, Nutanix announced it had acquired PernixData.
The IPO on September 30, 2016, raised about $230 million after selling 14.87 million shares at a price of $16. This was the biggest VC-backed IPO of 2016 in the U.S. Analysts expected Nutanix's public offering would be delayed.
In May 2017, Nutanix partnered with IBM to create a series of datacenter hardware appliances using IBM Power Systems for business apps.
In March 2018, Nutanix announced the acquisition of Minjar, based in Bangalore and Netsil, a San Francisco-based cloud application monitoring startup. Later the same year, Nutanix acquired the DaaS startup Frame.
On March 28, 2018, Nutanix partnered with HYCU to develop data protection software built for hyper-converged infrastructure environments.
On June 1, 2019, Nutanix appointed Brian Stevens to its board of directors. In March 2020, Sohaib Abbasi joined the company's board of directors.
Due to the COVID-19 pandemic, Nutanix announced a furlough impacting about 1,500 employees in April 2020. In June 2020, Nutanix added Virginia Gambale to its board of directors. In December, 2020, Pandey was replaced as Chief Executive by Rajiv Ramaswami, who had been the Chief Operating Officer at VMware. VMware filed a lawsuit, alleging a conflict of interest, but dropped the legal fight a year later.
In 2021, the company transitioned from making hardware appliances to focusing on subscription software.
In 2022, MinIO alleged that Nutanix had been violating MinIO's free software license, and had done so for three years; with negotiations over the matter leading to no resolution, MinIO reported having revoked Nutanix's license. According to Adam Armstrong, writing for TechTarget.com, Nutanix "initially... deny[ied] any wrongdoing" but "walked that position back a week later", acknowledging it had "'discovered some inadvertent omissions in Nutanix Objects' open source attribution and notices required under the Apache 2.0 license,' and apologized for the oversight".
Acquisitions
Operations
Nutanix combines storage, computing, and virtualization. The company's software product families include Acropolis, Prism, NDB, Frame, and Files. In 2015, Nutanix was reported to have built a Linux KVM based hypervisor, called AHV (Acropolis HyperVisor) in order to make managing computer infrastructure easier.
Nutanix marketed its products as "hyper-converged infrastructure" (HCI). In 2020, the company shifted to a subscription business model. HCI combines compute, storage, virtualization, and networking into a single, unified platform. This foundational layer can be deployed on physical hardware in a data center, within a cloud-managed MSP environment, or directly in public clouds like AWS and Azure.
The Nutanix portfolio is centered around the Nutanix Cloud Platform (NCP), which is designed to provide a consistent cloud operating model for all applications, whether they are on-premises or in public clouds. The platform aims to simplify hybrid multicloud environments, making them more cost-effective and manageable from a single interface.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
NTNX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
NTNX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
NTNX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 4 16.0%
- Buy 11 44.0%
- Hold 10 40.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
15 analysts · 2026-08-22Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Sept. 30, 2026 | $0.47 | $0.37 | — |
| June 30, 2026 | $0.47 | $0.37 | 0.10% |
| March 31, 2026 | $0.56 | $0.46 | 0.10% |
| Dec. 31, 2025 | $0.41 | $0.42 | -0.01% |
| Sept. 30, 2025 | $0.37 | $0.33 | 0.04% |
| June 30, 2025 | $0.42 | $0.39 | 0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| NTNX | $20.22B | 115.6 | 18.1% | 7.4% | -25.1% | 86.8% |
| ZM | — | 14.9 | 4.4% | 39.0% | 20.3% | 77.0% |
| FICO | $35.56B | 56.4 | 15.9% | 32.8% | -45.4% | — |
| IOT | $16.29B | -1402.5 | 29.6% | -0.56% | -0.69% | 76.7% |
| CRCL | — | -180.2 | 63.9% | — | — | — |
| U | $19.12B | -46.0 | 2.0% | -21.8% | -12.5% | 74.2% |
| PTC | $24.27B | 33.4 | 19.2% | 26.8% | 20.3% | 83.8% |
| GWRE | $19.12B | 279.3 | 22.6% | 5.8% | 5.1% | 62.5% |
| TYL | $21.86B | 63.0 | 9.1% | 13.5% | 8.6% | 46.5% |
| DT | $10.90B | 68.5 | 18.8% | 8.1% | 6.0% | 81.6% |
| FIG | $19.17B | -10.1 | 41.0% | -118.4% | -85.1% | 82.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.54B | $2.15B | $1.86B | $1.58B | $1.39B | $1.31B | $1.24B | $1.16B | $846M | $503M | $241M | |
| Cost of Revenue | $335M | $324M | $332M | $321M | $292M | $287M | $304M | $386M | $327M | $171M | $101M | |
| Gross Profit | $2.20B | $1.82B | $1.53B | $1.26B | $1.10B | $1.02B | $932M | $769M | $519M | $333M | $140M | |
| R&D Expense | $737M | $639M | $581M | $573M | $558M | $554M | $501M | $314M | $289M | $116M | $74M | |
| SG&A Expense | $237M | $201M | $232M | $166M | $154M | $136M | $120M | $86M | $77M | $34M | $24M | |
| Operating Expenses | $2.03B | $1.82B | $1.74B | $1.72B | $1.76B | $1.85B | $1.53B | $1.05B | $867M | $437M | $259M | |
| Operating Income | $173M | $8M | $-207M | $-459M | $-662M | $-829M | $-598M | $-280M | $-348M | $-105M | $-119M | |
| Other Non-op | $39M | $-109M | $-26M | $-321M | $-355M | $-26M | $-15M | $-9M | $-26M | $-1M | $-6M | |
| Pretax Income | $212M | $-101M | $-234M | $-780M | $-1.02B | $-855M | $-613M | $-290M | $-375M | $-106M | $-125M | |
| Income Tax | $23M | $23M | $21M | $19M | $18M | $18M | $8M | $7M | $5M | $2M | $2M | |
| Net Income | $188M | $-125M | $-255M | $-799M | $-1.04B | $-873M | $-621M | $-297M | $-380M | $-108M | $-126M | |
| EPS (Basic) | $0.70 | $-0.51 | $-1.09 | $-3.62 | $-5.02 | $-4.48 | · | · | · | · | · | |
| EPS (Diluted) | $0.65 | $-0.51 | $-1.09 | $-3.62 | $-5.02 | $-4.48 | · | · | · | · | · | |
| Shares (Basic) | 267,479 | 244,743 | 233,247 | 220,529 | 206,475 | 194,719 | · | · | · | · | · | |
| Shares (Diluted) | 294,083 | 244,743 | 233,247 | 220,529 | 206,475 | 194,719 | · | · | · | · | · | |
| EBITDA | $245M | $81M | $-131M | · | $-566M | $-735M | $-520M | $-230M | $-389M | · | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $770M | $655M | $513M | $403M | $286M | $319M | $397M | $306M | $138M | $99M | $68M | |
| Receivables | $338M | $230M | $157M | $125M | $181M | $243M | $245M | $258M | $179M | $111M | · | |
| Prepaid Expense | $105M | $97M | $147M | $94M | $57M | $63M | $75M | $37M | $28M | $16M | · | |
| Other Current Assets | $38M | $26M | $56M | $37M | $12M | $14M | $12M | $10M | · | · | · | |
| Current Assets | $2.59B | $1.48B | $1.86B | $1.66B | $1.56B | $1.09B | $1.28B | $1.26B | $580M | $330M | · | |
| PP&E (Net) | $143M | $136M | $112M | $113M | $132M | $143M | $137M | $85M | $58M | $42M | · | |
| PP&E (Gross) | $611M | $591M | $532M | $481M | $449M | $394M | $320M | $213M | $147M | $98M | · | |
| Accum. Depreciation | $468M | $455M | $420M | $368M | $317M | $251M | $183M | $128M | $89M | $55M | · | |
| Goodwill | $185M | $185M | $185M | $185M | $185M | $185M | $185M | $88M | $17M | $0 | · | |
| Intangibles | $3M | $5M | $5M | $16M | $32M | $49M | $67M | $45M | $26M | $0 | · | |
| Other Non-current Assets | $40M | $28M | $32M | $22M | $28M | $23M | $14M | $38M | $8M | $8M | · | |
| Total Assets | $3.28B | $2.14B | $2.53B | $2.37B | $2.28B | $1.77B | $1.79B | $1.60B | $738M | $399M | · | |
| Accounts Payable | $82M | $45M | $30M | $45M | $47M | $54M | $74M | $66M | $74M | $52M | · | |
| Accrued Liabilities | $24M | $25M | $109M | $60M | $39M | $26M | $29M | $32M | $10M | $6M | · | |
| Current Liabilities | $1.41B | $1.24B | $1.14B | $1.16B | $928M | $760M | $599M | $458M | $311M | $213M | · | |
| Capital Leases | $116M | $90M | $69M | $90M | $87M | $117M | $0 | · | · | · | · | |
| Deferred Tax | · | · | · | · | · | · | · | · | $0 | $0 | · | |
| Other Non-current Liabilities | $46M | $49M | $40M | $35M | $43M | $27M | $28M | $30M | $11M | $1M | · | |
| Total Liabilities | $3.98B | $2.87B | $3.23B | $3.17B | $3.29B | $2.04B | $1.60B | $1.27B | $521M | $465M | · | |
| Common Stock | $7.0K | $7.0K | $6.0K | $6.0K | $5.0K | $5.0K | $5.0K | $4.0K | $4.0K | $1.0K | · | |
| Paid-in Capital | $4.20B | $4.12B | $3.93B | $3.58B | $2.62B | $2.25B | $1.84B | $1.36B | $948M | $66M | · | |
| Retained Earnings | $-4.90B | $-4.85B | $-4.63B | $-4.38B | $-3.63B | $-2.52B | $-1.65B | $-1.03B | $-731M | $-442M | · | |
| AOCI | $700.0K | $146.0K | $-5M | $-6M | $-8.0K | $2M | $669.0K | $-1M | $-106.0K | $-12.0K | · | |
| Stockholders' Equity | $-695M | $-728M | $-707M | $-801M | $-1.02B | $-283M | $187M | $327M | $217M | $-286M | $-235M | |
| Liabilities + Equity | $3.28B | $2.14B | $2.53B | $2.37B | $2.28B | $1.77B | $1.79B | $1.60B | $738M | $399M | · | |
| Shares Outstanding | 269,045 | 265,181 | 239,607,000 | 226,938,000 | 214,210,000 | 201,949,000 | 188,595,000 | 172,858 | 154,637,000 | 46,083,651 | 44,797,201 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $73M | $73M | $76M | $88M | $94M | $94M | $78M | $50M | $38M | $26M | $17M | |
| Stock-based Comp | $352M | $334M | $312M | $343M | $359M | $352M | $307M | $178M | $231M | $20M | $17M | |
| Deferred Tax | $-4M | $-3M | $-1M | $-2M | $-3M | $-625.0K | $-7M | $-4M | $-4M | $-995.0K | $-167.0K | |
| Amort. of Intangibles | $2M | $4M | $11M | $16M | $17M | $17M | $17M | $7M | $2M | · | · | |
| Restructuring | $0 | $0 | $5M | $11M | · | · | · | · | · | · | · | |
| Other Non-cash | $212M | $393M | $140M | · | $485M | $268M | $286M | $165M | $205M | · | · | |
| Operating Cash Flow | $821M | $673M | $272M | $68M | $-100M | $-160M | $42M | $93M | $15M | $4M | $-26M | |
| CapEx | $71M | $75M | $65M | $49M | $59M | $89M | $118M | $62M | $50M | $42M | $23M | |
| Investing Cash Flow | $-952M | $530M | $-50M | $-54M | $-597M | $25M | $-17M | $-504M | $-176M | $-47M | $-107M | |
| Stock Repurchased | $308M | $131M | $0 | $59M | $125M | · | · | · | · | · | · | |
| Net Stock Activity | $-308M | $-131M | · | · | $-125M | · | · | · | · | · | · | |
| Financing Cash Flow | $244M | $-1.06B | $-113M | $104M | $664M | $58M | $67M | $579M | $201M | $74M | $143M | |
| Net Change in Cash | $114M | $140M | $110M | $117M | $-33M | $-78M | $92M | $168M | $40M | $31M | $10M | |
| Taxes Paid | $33M | $24M | $31M | $20M | $17M | $17M | $29M | $10M | $5M | $2M | $1M | |
| Free Cash Flow | $750M | $598M | $207M | · | $-158M | $-249M | $-76M | $30M | $-36M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 86.8% | 84.9% | 82.2% | · | 79.1% | 78.1% | 75.4% | 66.6% | 57.3% | · | · | |
| Operating Margin | 6.8% | 0.35% | -11.1% | · | -47.4% | -63.4% | -48.4% | -24.3% | -55.7% | · | · | |
| Net Margin | 7.4% | -5.8% | -13.7% | · | -74.2% | -66.8% | -50.2% | -25.7% | -59.7% | · | · | |
| Pretax Margin | 8.3% | -4.7% | -12.5% | · | -72.9% | -65.4% | -49.6% | -25.1% | -59.1% | · | · | |
| EBITDA Margin | 9.7% | 3.8% | -7.0% | · | -40.6% | -56.2% | -42.1% | -19.9% | -50.7% | · | · | |
| ROA | 6.9% | -5.3% | -10.4% | · | -51.1% | -49.1% | -36.7% | -25.4% | -81.4% | · | · | |
| ROE | -25.1% | 18.5% | 34.0% | · | 117.6% | 380.3% | -252.3% | -87.2% | 385.5% | · | · | |
| ROIC | -22.1% | -1.3% | 31.9% | · | 66.5% | 307.7% | -324.2% | -88.0% | -894.9% | · | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.2 | 1.6 | · | 1.7 | 1.4 | 2.1 | 2.8 | 1.6 | · | · | |
| Quick Ratio | 0.8 | 0.7 | 0.6 | · | 0.5 | 0.7 | 1.1 | 1.2 | 0.8 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.9 | 0.9 | 0.8 | · | 0.7 | 0.7 | 0.7 | 1.0 | 1.4 | · | · | |
| Receivables Turnover | 8.9 | 11.1 | 13.2 | · | 6.6 | 5.4 | 4.9 | 5.3 | 5.3 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 18.1% | 15.3% | 17.8% | 13.4% | 6.6% | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 17.1% | 15.5% | 12.5% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 14.2% | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.54B | $2.15B | $1.86B | $1.58B | $1.39B | $1.31B | $1.24B | $1.16B | $846M | · | · | |
| Net Income TTM | $188M | $-125M | $-255M | $-799M | $-1.04B | $-873M | $-621M | $-297M | $-380M | · | · | |
| Market Cap | $20.22B | $13.39B | $7.24B | · | $7.72B | $4.48B | $4.28B | $8.45B | $3.29B | · | · | |
| P/E | 115.6 | -99.0 | -27.7 | -4.2 | -7.2 | -5.0 | · | · | · | · | · | |
| P/S | 8.0 | 6.2 | 3.9 | · | 5.5 | 3.4 | 3.5 | 7.3 | 3.9 | · | · | |
| P/B | -29.1 | -18.4 | -10.2 | · | -7.6 | -16.3 | 22.9 | 25.9 | 68.2 | · | · | |
| P / Cash Flow | 24.6 | 19.9 | 26.6 | · | -77.3 | -28.0 | 101.5 | 91.3 | 237.7 | · | · | |
| P / FCF | 27.0 | 22.4 | 35.0 | · | -48.7 | -18.0 | -56.1 | 280.0 | -90.4 | · | · | |
| Earnings Yield | 0.86% | -1.0% | -3.6% | -23.9% | -13.9% | -20.2% | · | · | · | · | · |
Income Statement 16
| Metric | Trend | 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 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $703M | $723M | $671M | $653M | $639M | $655M | $591M | $548M | $525M | $565M | $511M | $494M | $449M | $486M | $434M | $386M | |
| Cost of Revenue | $92M | $91M | $87M | $84M | $83M | $85M | $83M | $81M | $80M | $82M | $82M | $80M | $82M | $87M | $82M | $80M | |
| Gross Profit | $611M | $632M | $583M | $569M | $556M | $569M | $508M | $467M | $445M | $484M | $429M | $414M | $366M | $400M | $351M | $306M | |
| R&D Expense | $196M | $202M | $187M | $194M | $186M | $183M | $174M | $167M | $159M | $160M | $152M | $146M | $143M | $142M | $149M | $145M | |
| SG&A Expense | $61M | $68M | $61M | $63M | $61M | $60M | $54M | $52M | $51M | $50M | $48M | $49M | $53M | $84M | $46M | $43M | |
| Operating Expenses | $540M | $547M | $534M | $538M | $507M | $504M | $481M | $479M | $457M | $447M | $435M | $425M | $425M | $456M | $432M | $440M | |
| Operating Income | $71M | $84M | $49M | $31M | $49M | $65M | $27M | $-12M | $-12M | $37M | $-6M | $-11M | $-59M | $-57M | $-81M | $-134M | |
| Other Non-op | $11M | $13M | $16M | $14M | $16M | $-355.0K | $10M | $-106M | $659.0K | $2M | $-5M | $4M | $-7M | $-10M | $-13M | $-11M | |
| Pretax Income | $81M | $98M | $66M | $45M | $65M | $65M | $37M | $-119M | $-11M | $39M | $-11M | $-7M | $-66M | $-67M | $-94M | $-145M | |
| Income Tax | $9M | $-6M | $3M | $6M | $1M | $9M | $7M | $8M | $5M | $6M | $5M | $6M | $5M | $4M | $5M | $6M | |
| Net Income | $72M | $103M | $62M | $39M | $63M | $56M | $30M | $-126M | $-16M | $33M | $-16M | $-13M | $-71M | $-71M | $-100M | $-151M | |
| EPS (Basic) | $0.27 | $0.38 | $0.23 | $0.14 | $0.24 | $0.21 | $0.11 | $-0.51 | $-0.06 | $0.13 | $-0.07 | $-0.04 | $-0.30 | $-0.31 | $-0.44 | $-0.64 | |
| EPS (Diluted) | $0.25 | $0.36 | $0.21 | $0.14 | $0.22 | $0.19 | $0.10 | $-0.50 | $-0.06 | $0.12 | $-0.07 | $-0.04 | $-0.30 | $-0.31 | $-0.44 | $-0.64 | |
| Shares (Basic) | 265,950 | 268,282 | 269,872 | -533,781 | 267,566 | 267,138 | 266,556 | -486,366 | 245,766 | 243,853 | 241,490 | -694,969,753 | 234,735,000 | 231,924,000 | 228,544,000 | -656,559,471 | |
| Shares (Diluted) | 287,481 | 291,910 | 296,518 | -584,901 | 296,804 | 293,351 | 288,829 | -541,053 | 245,766 | 298,540 | 241,490 | -694,969,753 | 234,735,000 | 231,924,000 | 228,544,000 | -656,559,471 | |
| EBITDA | $71M | $84M | $68M | · | $49M | $65M | $45M | · | $-12M | $37M | $12M | · | $-59M | $-57M | $-60M | · |
Balance Sheet 25
| Metric | Trend | 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 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $719M | $603M | $780M | $770M | $873M | $1.07B | $717M | $655M | $598M | $679M | $612M | $513M | $440M | $407M | $481M | $403M | |
| Receivables | $252M | $261M | $336M | $338M | $270M | $327M | $199M | $230M | $225M | $189M | $134M | · | $135M | $155M | $84M | · | |
| Prepaid Expense | $196M | $184M | $99M | $105M | $111M | $112M | $98M | $97M | $114M | $109M | $87M | · | $122M | $116M | $91M | · | |
| Other Current Assets | $120M | $112M | $45M | $38M | $33M | $32M | $29M | $26M | $36M | $32M | $25M | · | $55M | $57M | $33M | · | |
| Current Assets | $2.61B | $2.47B | $2.64B | $2.59B | $2.41B | $2.34B | $1.52B | $1.48B | $2.14B | $2.08B | $1.92B | · | $1.73B | $1.69B | $1.67B | · | |
| PP&E (Net) | $127M | $132M | $138M | $143M | $144M | $139M | $132M | $136M | $115M | $115M | $110M | · | $115M | $113M | $111M | · | |
| PP&E (Gross) | $616M | $620M | $617M | $611M | $619M | $603M | $596M | $591M | $569M | $554M | $538M | · | $525M | $507M | $494M | · | |
| Accum. Depreciation | $488M | $488M | $478M | $468M | $475M | $465M | $463M | $455M | $454M | $439M | $427M | · | $409M | $395M | $382M | · | |
| Goodwill | $185M | $185M | $185M | $185M | $185M | $185M | $185M | $185M | $185M | $185M | $185M | $185M | $185M | $185M | $185M | $185M | |
| Intangibles | $2M | $2M | $2M | $3M | $3M | $3M | $4M | $5M | $6M | $7M | $4M | $5M | $7M | $10M | $13M | $16M | |
| Other Non-current Assets | $126M | $114M | $43M | $40M | $32M | $29M | $29M | $28M | $28M | $30M | $31M | · | $24M | $26M | $22M | · | |
| Total Assets | $3.42B | $3.28B | $3.32B | $3.28B | $3.10B | $2.99B | $2.18B | $2.14B | $2.77B | $2.73B | $2.57B | · | $2.40B | $2.37B | $2.36B | · | |
| Accounts Payable | $84M | $96M | $88M | $82M | $50M | $46M | $45M | $45M | $40M | $40M | $36M | · | $34M | $44M | $31M | · | |
| Accrued Liabilities | $28M | $27M | $25M | $24M | $22M | $22M | $19M | $25M | $22M | $22M | $21M | · | $109M | $108M | $46M | · | |
| Current Liabilities | $1.47B | $1.49B | $1.40B | $1.41B | $1.28B | $1.32B | $1.22B | $1.24B | $1.18B | $1.16B | $1.10B | · | $1.13B | $1.11B | $1.15B | · | |
| Capital Leases | $144M | $164M | $111M | $116M | $120M | $94M | $100M | $90M | $79M | $74M | $72M | · | $73M | $81M | $82M | · | |
| Other Non-current Liabilities | $30M | $30M | $46M | $46M | $43M | $49M | $49M | $49M | $36M | $40M | $34M | · | $35M | $36M | $30M | · | |
| Total Liabilities | $4.14B | $4.11B | $3.99B | $3.98B | $3.81B | $3.80B | $2.87B | $2.87B | $3.39B | $3.34B | $3.21B | · | $3.19B | $3.15B | $3.15B | · | |
| Common Stock | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $7.0K | $6.0K | $6.0K | $6.0K | · | $6.0K | $6.0K | $6.0K | · | |
| Paid-in Capital | · | · | · | $4.20B | · | · | · | $4.12B | · | · | · | · | · | · | · | · | |
| Retained Earnings | $-4.94B | $-4.99B | $-4.87B | $-4.90B | $-4.89B | $-4.93B | $-4.83B | $-4.85B | $-4.70B | $-4.65B | $-4.66B | · | $-4.62B | $-4.55B | $-4.47B | · | |
| AOCI | $-307.0K | $4M | $4M | $700.0K | $3M | $404.0K | $559.0K | $146.0K | $-4M | $879.0K | $-4M | · | $-4M | $-6M | $-10M | · | |
| Stockholders' Equity | $-726M | $-831M | $-669M | $-695M | $-711M | $-808M | $-685M | $-728M | $-619M | $-612M | $-642M | $-707M | $-789M | $-783M | $-791M | $-801M | |
| Liabilities + Equity | $3.42B | $3.28B | $3.32B | $3.28B | $3.10B | $2.99B | $2.18B | $2.14B | $2.77B | $2.73B | $2.57B | · | $2.40B | $2.37B | $2.36B | · | |
| Shares Outstanding | 266,525 | 265,625 | 270,729 | 269,045,000 | 268,282,000 | 266,637,000 | 267,845,000 | 265,181,000 | 246,932 | 244,659 | 243,052 | 239,607,000 | 235,744 | 233,591,000 | 230,108 | 226,938,000 |
Cash Flow 12
| Metric | Trend | 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 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $17M | $18M | $18M | $18M | $18M | $18M | $18M | $18M | $19M | $18M | $18M | $17M | $20M | $20M | $20M | $21M | |
| Stock-based Comp | $83M | $103M | $78M | $85M | $84M | $93M | $89M | $82M | $82M | $86M | $84M | $73M | $73M | $85M | $81M | $80M | |
| Restructuring | · | · | · | · | · | · | · | $0 | $0 | $0 | $0 | $0 | $5M | $-500.0K | $6M | · | |
| Other Non-cash | · | · | $39M | · | · | · | $25M | · | · | · | $59M | · | · | · | $64M | · | |
| Operating Cash Flow | $208M | $197M | $197M | $220M | $219M | $222M | $162M | $245M | $96M | $186M | $145M | $58M | $74M | $74M | $66M | $38M | |
| CapEx | $10M | $6M | $22M | $12M | $15M | $35M | $10M | $20M | $18M | $24M | $13M | $13M | $22M | $11M | $20M | $15M | |
| Investing Cash Flow | $-41M | $7M | $-75M | $-226M | $-351M | $-347M | $-28M | $703M | $-107M | $-25M | $-42M | $-9M | $-30M | $-2M | $-8M | $-23M | |
| Stock Repurchased | $50M | $333M | $50M | $50M | $38M | $200M | $20M | $25M | $47M | $42M | $18M | $0 | $0 | $0 | $0 | $0 | |
| Net Stock Activity | · | · | $-50M | · | · | · | $-20M | · | · | · | $-18M | · | · | · | $0 | · | |
| Financing Cash Flow | $-51M | $-382M | $-111M | $-97M | $-68M | $481M | $-72M | $-893M | $-71M | $-95M | $-4M | $24M | $-11M | $-145M | $20M | $719.0K | |
| Taxes Paid | $6M | $11M | $9M | $7M | $6M | $10M | $9M | $3M | $7M | $6M | $8M | $9M | $5M | $9M | $8M | $3M | |
| Free Cash Flow | · | · | $175M | · | · | · | $152M | · | · | · | $132M | · | · | · | $46M | · |
Profitability 8
| Metric | Trend | 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 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 86.9% | 87.4% | 87.0% | · | 87.0% | 87.0% | 86.0% | · | 84.8% | 85.6% | 84.0% | · | 81.6% | 82.2% | 81.0% | · | |
| Operating Margin | 10.0% | 11.6% | 7.4% | · | 7.6% | 10.0% | 4.6% | · | -2.2% | 6.6% | -1.1% | · | -13.1% | -11.6% | -18.5% | · | |
| Net Margin | 10.2% | 14.2% | 9.3% | · | 9.9% | 8.6% | 5.1% | · | -3.0% | 5.8% | -3.1% | · | -15.8% | -14.5% | -22.9% | · | |
| Pretax Margin | 11.6% | 13.5% | 9.8% | · | 10.1% | 9.9% | 6.2% | · | -2.1% | 6.9% | -2.1% | · | -14.7% | -13.7% | -21.6% | · | |
| EBITDA Margin | 10.0% | 11.6% | 10.1% | · | 7.6% | 10.0% | 7.7% | · | -2.2% | 6.6% | 2.4% | · | -13.1% | -11.6% | -13.9% | · | |
| ROA | 2.2% | 3.3% | 2.3% | · | 2.2% | 2.0% | 1.3% | · | -0.60% | 1.3% | -0.64% | · | -3.0% | -3.0% | -4.3% | · | |
| ROE | -10.0% | -12.6% | -9.2% | · | -9.5% | -8.0% | -4.5% | · | 2.2% | -4.7% | 2.2% | · | 9.4% | 9.4% | 13.3% | · | |
| ROIC | -8.6% | -10.7% | -7.0% | · | -6.7% | -7.0% | -3.2% | · | 2.7% | -5.1% | 1.3% | · | 8.0% | 7.7% | 10.7% | · |
Liquidity & Solvency 2
| Metric | Trend | 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 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.7 | 1.9 | · | 1.9 | 1.8 | 1.2 | · | 1.8 | 1.8 | 1.7 | · | 1.5 | 1.5 | 1.5 | · | |
| Quick Ratio | 0.7 | 0.6 | 0.8 | · | 0.9 | 1.1 | 0.7 | · | 0.7 | 0.7 | 0.7 | · | 0.5 | 0.5 | 0.5 | · |
Efficiency 2
| Metric | Trend | 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 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | |
| Receivables Turnover | 2.7 | 2.5 | 2.5 | · | 2.6 | 2.5 | 3.6 | · | 2.9 | 3.3 | 4.7 | · | 2.8 | 3.1 | 4.3 | · |
Valuation (TTM) 9
| Metric | Trend | 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 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.74B | $2.69B | $2.56B | · | $2.41B | $2.34B | $2.19B | · | $2.05B | $2.01B | $1.88B | · | $1.77B | $1.74B | $1.63B | · | |
| Net Income TTM | $301M | $285M | $212M | · | $134M | $104M | $31M | · | $-70M | $-125M | $-257M | · | $-353M | $-398M | $-747M | · | |
| Market Cap | $11M | $11M | $19M | · | $18.43B | $18.34B | $16.63B | · | $15M | $14M | $9M | · | $6M | $6.51B | $6M | · | |
| P/E | 39.3 | 40.6 | 98.9 | · | 152.7 | 196.5 | 690.0 | · | -195.8 | -100.4 | -32.3 | · | -15.5 | -15.7 | -8.0 | · | |
| P/S | 0.0 | 0.0 | 0.0 | · | 7.7 | 7.9 | 7.6 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 3.7 | 0.0 | · | |
| P/B | -0.0 | -0.0 | -0.0 | · | -25.9 | -22.7 | -24.3 | · | -0.0 | -0.0 | -0.0 | · | -0.0 | -8.3 | -0.0 | · | |
| P / Cash Flow | · | · | 0.1 | · | · | · | 102.8 | · | · | · | 0.1 | · | · | · | 0.1 | · | |
| P / FCF | · | · | 0.1 | · | · | · | 109.5 | · | · | · | 0.1 | · | · | · | 0.1 | · | |
| Earnings Yield | 2.5% | 2.5% | 1.0% | · | 0.66% | 0.51% | 0.14% | · | -0.51% | -1.0% | -3.1% | · | -6.5% | -6.4% | -12.5% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | |
|---|---|---|---|---|---|
| Revenue | $2.54B | $2.15B | $1.86B | $1.58B | $1.39B |
| Gross Margin % | 86.8% | 84.9% | 82.2% | — | 79.1% |
| Operating Margin % | 6.8% | 0.35% | -11.1% | — | -47.4% |
| Net Income | $188M | $-125M | $-255M | $-799M | $-1.04B |
| Diluted EPS | $0.65 | $-0.51 | $-1.09 | $-3.62 | $-5.02 |
Balance Sheet
| 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | |
|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.2 | 1.6 | — | 1.7 |
| Quick Ratio | 0.8 | 0.7 | 0.6 | — | 0.5 |
Cash Flow
| 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $750M | $598M | $207M | — | $-158M |
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Institutional owners (13F) 621 filers · $9.0B 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.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 107 (-16 vs prior Q) | 70 (-46 vs prior Q) | 218 (+2 vs prior Q) | 186 (+13 vs prior Q) | +27.2M |
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 |
|---|---|---|---|---|
| FMR LLC | $1,087,792,619 | 21,346,009 | 12.15% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $895,067,799 | 17,657,680 | 10.00% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $682,868,281 | 13,400,084 | 7.63% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $587,298,355 | 11,524,693 | 6.56% | Shares |
| GOLDMAN SACHS GROUP INC | $463,980,102 | 9,104,790 | 5.18% | Shares |
| STATE STREET CORP | $417,963,025 | 8,201,648 | 4.67% | Shares |
| GENERATION INVESTMENT MANAGEMENT LLP | $341,898,794 | 6,709,160 | 3.82% | Shares |
| Jericho Capital Asset Management L.P. | $288,841,994 | 5,668,014 | 3.23% | Shares |
| Bain Capital Investors LLC | $272,905,324 | 5,355,285 | 3.05% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $215,819,684 | 4,233,827 | 2.41% | Shares |
| ADVANCED MICRO DEVICES INC | $210,810,767 | 4,136,789 | 2.36% | Shares |
| NORGES BANK | $207,259,875 | 4,067,109 | 2.32% | Shares |
| Assenagon Asset Management S.A. | $166,243,292 | 3,262,231 | 1.86% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $148,683,087 | 2,917,643 | 1.66% | Shares |
| FIRST TRUST ADVISORS LP | $146,848,782 | 2,881,648 | 1.64% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $115,103,148 | 2,258,696 | 1.29% | Shares |
| Champlain Investment Partners, LLC | $103,666,756 | 2,034,277 | 1.16% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $100,013,739 | 1,962,593 | 1.12% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $84,929,019 | 1,666,582 | 0.95% | Shares |
| MILLENNIUM MANAGEMENT LLC | $83,134,411 | 1,631,366 | 0.93% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $76,170,625 | 1,494,714 | 0.85% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $72,654,946 | 1,425,725 | 0.81% | Shares |
| Defiance ETFs, LLC | $68,575,898 | 1,339,373 | 0.77% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $64,914,428 | 1,273,831 | 0.73% | Shares |
| Qube Research & Technologies Ltd | $54,384,563 | 1,067,201 | 0.61% | Shares |
| BANK OF AMERICA CORP /DE/ | $51,871,777 | 1,017,892 | 0.58% | Shares |
| Bridgewater Associates, LP | $50,896,861 | 998,761 | 0.57% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $50,197,638 | 985,040 | 0.56% | Shares |
| Gotham Asset Management, LLC | $45,104,390 | 885,094 | 0.50% | Shares |
| Ardmore Road Asset Management LP | $44,100,784 | 865,400 | 0.49% | Shares |
| PRUDENTIAL FINANCIAL INC | $43,116,950 | 846,094 | 0.48% | Shares |
| Stephens Investment Management Group LLC | $41,216,703 | 808,805 | 0.46% | Shares |
| Walleye Trading LLC | $38,907,960 | 763,500 | 0.43% | Call option |
| AMERIPRISE FINANCIAL INC | $38,663,122 | 758,669 | 0.43% | Shares |
| Retirement Systems of Alabama | $34,369,972 | 674,450 | 0.38% | Shares |
| RHUMBLINE ADVISERS | $34,264,591 | 672,383 | 0.38% | Shares |
| Fisher Asset Management, LLC | $33,806,557 | 663,394 | 0.38% | Shares |
| KING LUTHER CAPITAL MANAGEMENT CORP | $32,053,330 | 628,990 | 0.36% | Shares |
| CITADEL ADVISORS LLC | $31,248,672 | 613,200 | 0.35% | Put option |
| Alyeska Investment Group, L.P. | $30,895,927 | 606,278 | 0.35% | Shares |
| CADIAN CAPITAL MANAGEMENT, LP | $30,550,724 | 599,504 | 0.34% | Shares |
| CROSSLINK CAPITAL INC | $30,223,153 | 593,076 | 0.34% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $29,128,736 | 571,600 | 0.33% | Shares |
| California Public Employees Retirement System | $28,060,054 | 550,629 | 0.31% | Shares |
| Fundsmith LLP | $27,430,800 | 538,281 | 0.31% | Shares |
| IEQ CAPITAL, LLC | $27,129,830 | 532,375 | 0.30% | Shares |
| Swiss National Bank | $25,755,184 | 505,400 | 0.29% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $25,594,048 | 502,238 | 0.29% | Shares |
| NOMURA HOLDINGS INC | $24,500,804 | 480,785 | 0.27% | Shares |
| BW Gestao de Investimentos Ltda. | $22,958,805 | 450,526 | 0.26% | Shares |
| Trexquant Investment LP | $22,828,093 | 447,961 | 0.26% | Shares |
| BANK OF NOVA SCOTIA | $22,422,604 | 440,004 | 0.25% | Shares |
| CIBC WORLD MARKETS CORP | $22,201,734 | 429,517 | 0.25% | Shares |
| BlackRock, Inc. | $21,733,727 | 426,486 | 0.24% | Shares |
| CITADEL ADVISORS LLC | $20,908,888 | 410,300 | 0.23% | Call option |
| WOLVERINE TRADING, LLC | $18,889,096 | 245,600 | 0.21% | Call option |
| ING GROEP NV | $18,799,144 | 368,900 | 0.21% | Shares |
| Granahan Investment Management, LLC | $17,165,978 | 336,852 | 0.19% | Shares |
| Aequim Alternative Investments LP | $16,298,333 | 319,826 | 0.18% | Shares |
| Quantinno Capital Management LP | $16,221,562 | 318,319 | 0.18% | Shares |
| WOLVERINE TRADING, LLC | $15,789,623 | 205,300 | 0.18% | Put option |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $15,726,307 | 308,601 | 0.18% | Shares |
| ALLIANCEBERNSTEIN L.P. | $14,780,569 | 388,860 | 0.17% | Shares |
| Meridiem Capital Partners LP | $14,759,188 | 289,623 | 0.16% | Shares |
| D. E. Shaw & Co., Inc. | $14,621,290 | 286,917 | 0.16% | Shares |
| KR Capital LP | $14,430,598 | 283,175 | 0.16% | Shares |
| JANE STREET GROUP, LLC | $13,417,768 | 263,300 | 0.15% | Call option |
| MACKENZIE FINANCIAL CORP | $13,386,886 | 262,694 | 0.15% | Shares |
| TWO SIGMA INVESTMENTS, LP | $13,136,571 | 257,782 | 0.15% | Shares |
| Focus Partners Wealth | $13,010,613 | 255,310 | 0.15% | Shares |
| JANE STREET GROUP, LLC | $12,969,320 | 254,500 | 0.14% | Put option |
| VANGUARD ASSET MANAGEMENT, Ltd | $12,856,036 | 252,277 | 0.14% | Shares |
| JANE STREET GROUP, LLC | $12,804,464 | 251,265 | 0.14% | Shares |
| ALGERT GLOBAL LLC | $12,404,683 | 243,420 | 0.14% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $11,454,846 | 301,364 | 0.13% | Shares |
| Schonfeld Strategic Advisors LLC | $11,057,962 | 216,993 | 0.12% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $10,830,172 | 212,523 | 0.12% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $10,682,796 | 209,631 | 0.12% | Shares |
| CWM, LLC | $10,556,935 | 277,741 | 0.12% | Shares |
| OP Asset Management Ltd | $10,248,719 | 201,113 | 0.11% | Shares |
| Krane Funds Advisors LLC | $10,093,698 | 198,071 | 0.11% | Shares |
| UBS Group AG | $9,746,813 | 191,264 | 0.11% | Shares |
| Talos Eurisko Asset Management LP | $9,600,813 | 188,399 | 0.11% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $9,378,548 | 187,110 | 0.10% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $9,358,600 | 183,646 | 0.10% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $9,273,395 | 181,974 | 0.10% | Shares |
| Public Sector Pension Investment Board | $9,172,800 | 180,000 | 0.10% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $8,946,283 | 175,555 | 0.10% | Shares |
| Bank of New York Mellon Corp | $8,780,765 | 172,307 | 0.10% | Shares |
| MORGAN STANLEY | $8,128,069 | 159,499 | 0.09% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $8,064,114 | 158,244 | 0.09% | Shares |
| MUFG Securities EMEA plc | $8,027,729 | 157,530 | 0.09% | Shares |
| Legal & General Group Plc | $7,887,130 | 154,771 | 0.09% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $7,886,824 | 154,765 | 0.09% | Shares |
| BARCLAYS PLC | $7,789,847 | 152,862 | 0.09% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $7,325,653 | 143,753 | 0.08% | Shares |
| Engineers Gate Manager LP | $7,187,195 | 141,036 | 0.08% | Shares |
| SP Asset Management LLC | $7,144,235 | 140,193 | 0.08% | Shares |
| Man Group plc | $7,090,116 | 139,131 | 0.08% | Shares |
| WINTON GROUP Ltd | $6,888,773 | 135,180 | 0.08% | Shares |
Company insiders 36 insiders · 13 officers · 16 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Rajiv Ramaswami | Chief Executive Officer | June 15, 2026 M | 598,430 | 0 | 2 | $-11,059,386 |
| Rukmini Sivaraman | Chief Financial Officer | June 15, 2026 M | 290,892 | 0 | 1 | $-892,371 |
| Duston Williams | Chief Financial Officer | March 15, 2022 M | 252,471 | 0 | 0 | $0 |
| Tarkan Maner | President and CCO | June 15, 2026 M | 62,144 | 0 | 2 | $-2,666,639 |
| Sudheesh Nair Vadakkedath | President | Oct. 5, 2016 J | 0 | 0 | 0 | $0 |
| David Sangster | Chief Operating Officer | Sept. 15, 2024 M | 123,868 | 0 | 0 | $0 |
| Brian Martin | Chief Legal Officer | June 15, 2026 M | 14,030 | 0 | 1 | $-783,744 |
| Tyler Wall | Chief Legal Officer | June 15, 2024 M | 23,371 | 0 | 0 | $0 |
| Aaron Boynton | Chief Accounting Officer | June 15, 2022 M | 37,803 | 0 | 0 | $0 |
| Christopher Nicholas Kaddaras Jr | Chief Revenue Officer | Sept. 15, 2021 M | 161,443 | 0 | 0 | $0 |
| Sunil Potti | Chief Product/Development Ofcr | Oct. 5, 2016 J | — | 0 | 0 | $0 |
| Howard Ting | Chief Marketing Officer | Oct. 5, 2016 J | 0 | 0 | 0 | $0 |
| Rajiv Mirani | SVP, Engineering | Oct. 5, 2016 J | 0 | 0 | 0 | $0 |
| Robert G Lavender | Director | Dec. 12, 2025 A | 5,431 | 0 | 0 | $0 |
| Max Pieter De Groen | Director | Dec. 12, 2025 A | 45,334 | 0 | 0 | $0 |
| Teresa Gayle Sheppard | Director | Dec. 12, 2025 A | 26,988 | 0 | 2 | $-267,688 |
| Craig Conway | Director | Dec. 12, 2025 A | 47,685 | 0 | 0 | $0 |
| Virginia Gambale | Director | Dec. 12, 2025 A | 4,588 | 0 | 0 | $0 |
| Steven J Gomo | Director | Dec. 12, 2025 A | 4,588 | 0 | 0 | $0 |
| Mark B Templeton | Director | Dec. 12, 2025 A | 29,711 | 0 | 0 | $0 |
| Eric Brandt | Director | Dec. 12, 2025 A | 6,698 | 0 | 0 | $0 |
| David Humphrey | Director | March 6, 2025 G | 40,746 | 0 | 0 | $0 |
| Brian Mark Stevens | Director | Dec. 13, 2024 A | 52,981 | 0 | 0 | $0 |
| Susan L Bostrom | Director | Dec. 10, 2021 A | 34,567 | 0 | 0 | $0 |
| Ravi Mhatre | Director | Sept. 3, 2020 C | 513,364 | 0 | 0 | $0 |
| Jeffrey T Parks | Director | May 29, 2018 C | 0 | 0 | 0 | $0 |
| Michael Scarpelli | Director | Oct. 5, 2016 J | — | 0 | 0 | $0 |
| John Mcadam | Director | Oct. 5, 2016 J | — | 0 | 0 | $0 |
| Dheeraj Pandey | 10% owner | March 9, 2021 M | 0 | 0 | 0 | $0 |
| Peter Nieh | 10% owner | April 4, 2018 S | 50,000 | 0 | 0 | $0 |
| Christopher J Schaepe | 10% owner | March 28, 2018 S | 113,955 | 0 | 0 | $0 |
| Ajeet Singh | 10% owner | March 28, 2017 C | 900,000 | 0 | 0 | $0 |
| Singh/Saharan Revocable Trust | 10% owner | March 28, 2017 C | 900,000 | 0 | 0 | $0 |
| Canada Pension Plan Investment Board | 10% owner | Oct. 27, 2016 P | 2,612,700 | 0 | 0 | $0 |
| Kenneth W Long III | — | July 19, 2017 M | 210,234 | 0 | 0 | $0 |
| Renu Saharan | — | March 28, 2017 C | 900,000 | 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 |
|---|---|---|---|---|---|
| BCPE Nucleon (DE) SPV, LP ×2 filings | March 5, 2025 | 4.10% | Amendment | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 109 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 |
|---|---|---|---|---|
| DAT · ProShares Trust | 5.46% | 5,822 NS | May 31, 2026 | N-PORT |
| SKYY · First Trust Exchange-Traded Fund II | 3.84% | 2,048,115 NS | June 30, 2026 | N-PORT |
| SKYU · ProShares Trust | 2.17% | 1,505 NS | May 31, 2026 | N-PORT |
| ABOT · Abacus FCF ETF Trust | 1.51% | 1,626 NS | April 30, 2026 | N-PORT |
| SRHQ · Elevation Series Trust | 1.29% | 60,770 NS | April 30, 2026 | N-PORT |
| RNIN · EA Series Trust | 1.20% | 44,995 NS | April 30, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.92% | 772,481 NS | April 30, 2026 | N-PORT |
| QQQJ · Invesco Exchange-Traded Fund Trust … | 0.88% | 156,912 SH | Aug. 21, 2026 | Daily |
| AIS · Tidal Trust III | 0.84% | 112,996 NS | May 31, 2026 | N-PORT |
| AOTS · EA Series Trust | 0.69% | 319 NS | May 29, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.67% | 4,154 NS | May 31, 2026 | N-PORT |
| QGRO · AMERICAN CENTURY ETF TRUST | 0.64% | 270,546 NS | May 31, 2026 | N-PORT |
| IGV · iShares Trust | 0.60% | 1,273,950 SH | Aug. 21, 2026 | Daily |
| FLOW · Global X Funds | 0.56% | 3,082 NS | May 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.56% | 84,025 SH | Aug. 21, 2026 | Daily |
| FDN · First Trust Exchange-Traded Fund | 0.55% | 539,773 NS | June 30, 2026 | N-PORT |
| FDND · First Trust Exchange-Traded Fund IV | 0.52% | 1,216 NS | April 30, 2026 | N-PORT |
| COWG · Pacer Funds Trust | 0.50% | 268,105 NS | April 30, 2026 | N-PORT |
| IVOG · VANGUARD ADMIRAL FUNDS | 0.42% | 157,014 SH | Aug. 19, 2026 | Daily |
| IQSM · New York Life Investments ETF Trust | 0.42% | 32,124 NS | April 30, 2026 | N-PORT |
| IVOO · VANGUARD ADMIRAL FUNDS | 0.37% | 427,937 SH | Aug. 19, 2026 | Daily |
| ITAN · EA Series Trust | 0.37% | 6,261 NS | May 29, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.35% | 3,327,228 SH | Aug. 19, 2026 | Daily |
| WEBL · Direxion Shares ETF Trust | 0.34% | 9,293 NS | April 30, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.32% | 31,023 NS | April 30, 2026 | N-PORT |
| IVOV · VANGUARD ADMIRAL FUNDS | 0.31% | 91,145 SH | Aug. 19, 2026 | Daily |
| MVV · ProShares Trust | 0.30% | 9,345 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.30% | 128,907 SH | Aug. 21, 2026 | Daily |
| ISCB · iShares Trust | 0.28% | 11,967 SH | Aug. 21, 2026 | Daily |
| SCHM · SCHWAB STRATEGIC TRUST | 0.26% | 730,746 NS | May 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.26% | 39,033 NS | April 30, 2026 | N-PORT |
| TRFK · Pacer Funds Trust | 0.24% | 36,247 NS | April 30, 2026 | N-PORT |
| SMMD · iShares Trust | 0.23% | 132,379 SH | Aug. 21, 2026 | Daily |
| MIDU · Direxion Shares ETF Trust | 0.22% | 4,478 NS | April 30, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.21% | 1,305 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.21% | 121,230 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.21% | 103,648 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.21% | 87,982 SH | Aug. 21, 2026 | Daily |
| TMFE · RBB Fund, Inc. | 0.19% | 3,163 NS | May 31, 2026 | N-PORT |
| KNCT · Invesco Exchange-Traded Fund Trust | 0.19% | 4,526 SH | Aug. 21, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 334,094 NS | April 30, 2026 | N-PORT |
| IWS · iShares Trust | 0.16% | 389,837 SH | Aug. 21, 2026 | Daily |
| WSML · iShares Trust | 0.15% | 15,623 SH | Aug. 21, 2026 | Daily |
| CVMC · Morgan Stanley ETF Trust | 0.15% | 3,094 NS | June 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.15% | 3,044,390 SH | Aug. 19, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.15% | 5,781,435 SH | Aug. 19, 2026 | Daily |
| RWK · Invesco Exchange-Traded Fund Trust … | 0.15% | 29,831 SH | Aug. 21, 2026 | Daily |
| TECB · iShares Trust | 0.14% | 10,151 SH | Aug. 21, 2026 | Daily |
| JSTC · Tidal Trust I | 0.13% | 8,565 NS | May 31, 2026 | N-PORT |
| HQGO · Lattice Strategies Trust | 0.13% | 1,557 NS | April 30, 2026 | N-PORT |