OMER Omeros Corporation - Common Stock
$17.16
Price · Aug 18, 2026
Fundamentals as of Aug 12, 2026
52W Range
$4–$18
93% of range
Analyst Rating
BUY
10 analysts
Price Target
$33
+92% upside
P/E (TTM)
-343.3
ROE
1.9%
Net Profit Margin
—
OMER Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$17.16
Market Cap
$1.23B
P/E (TTM)
-343.3
EPS (TTM)
$-0.05
Revenue (TTM)
—
Div Yield
—
ROE
1.9%
Debt/Equity
—
52W Range
$4 – $18
OMER Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
2016-12-31
→
2020-12-31
EPS
$-0.05
2019-12-31
→
2025-12-31
Free Cash Flow
$-116M
2016-12-31
→
2025-12-31
Margins
—
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
OMER
Peer Median
P/E (TTM)
-343.3
29.9
P/S (TTM)
13.6
14.4
P/B
-10.1
4.4
Price / FCF
-10.6
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
OMER
Peer Median
ROA
-1.1%
-0.55%
ROE
1.9%
-2.5%
ROIC
174.2%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
OMER
Peer Median
Current Ratio
2.8
3.9
Quick Ratio
2.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
OMER
Peer Median
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
OMER
Peer Median
OMER Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
10 analysts
- Strong Buy 3 30.0%
- Buy 4 40.0%
- Hold 3 30.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
1 analysts · 2026-08-18
Low
$33.00
High
$33.00
Median target
$33.00
+92.3%
Mean target
$33.00
+92.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.33%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.02 | $-0.27 | 0.29% |
| March 31, 2026 | $-0.24 | $-0.41 | 0.17% |
| Dec. 31, 2025 | $0.98 | $-0.58 | 1.6% |
| Sept. 30, 2025 | $-0.47 | $-0.45 | -0.02% |
| June 30, 2025 | $-0.43 | $-0.49 | 0.06% |
| March 31, 2025 | $-0.58 | $-0.58 | -0.00% |
| Dec. 31, 2024 | $-0.54 | $-0.79 | 0.25% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| OMER | $1.23B | -343.6 | — | — | 1.9% | — |
| PAHC | — | 21.5 | 27.4% | 3.7% | 17.8% | 30.9% |
| SPTX | — | — | — | — | — | — |
| ANRO | $568M | -8.1 | — | — | -46.1% | — |
| EYPT | $1.51B | -5.8 | -27.5% | -739.4% | -84.0% | — |
| LXRX | $421M | -8.2 | 60.2% | -101.1% | -39.7% | — |
| PCRX | $1.06B | 161.8 | 3.6% | 0.97% | 0.97% | — |
| COLL | $1.47B | 26.8 | 23.6% | 8.1% | 23.5% | 59.4% |
| LLY | — | 46.8 | 44.7% | 31.7% | 101.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | · | · | · | · | · | $74M | $112M | $30M | $65M | $42M | $14M | $539.0K | |
| Cost of Revenue | · | · | · | · | · | $902.0K | $865.0K | $512.0K | $1M | $1M | $1M | $0 | |
| R&D Expense | $81M | $120M | $115M | $113M | $119M | $108M | $106M | $90M | $56M | $51M | $48M | $48M | |
| SG&A Expense | $42M | $47M | $50M | $51M | $55M | $49M | $40M | $52M | $52M | $44M | $35M | $23M | |
| Operating Expenses | $123M | $167M | $165M | $163M | $174M | $157M | $146M | $142M | $109M | $96M | $85M | $71M | |
| Operating Income | $-123M | $-167M | $-165M | $-163M | $-174M | $-157M | $-146M | $-112M | $-44M | $-54M | $-71M | $-70M | |
| Interest Expense | · | · | $31M | $23M | $20M | $27M | $23M | $16M | $11M | $8M | $4M | $3M | |
| Interest Income | $2M | $8M | $15M | $2M | · | · | · | · | · | · | · | · | |
| Other Non-op | · | · | · | · | $2M | $654.0K | $2M | $2M | $1M | $945.0K | · | $-207.0K | |
| Pretax Income | $-3M | $-180M | $-175M | $-182M | $-192M | $-196M | $-167M | $-140M | $-53M | $-67M | · | · | |
| Income Tax | $2M | $2M | $0 | $0 | $0 | $-23M | $-20M | $-13M | $0 | $0 | · | · | |
| Net Income | $-3M | $-157M | $-118M | $47M | $194M | $-138M | $-84M | $-127M | $-53M | $-67M | $-75M | $-74M | |
| EPS (Basic) | $-0.05 | $-2.70 | $-1.88 | $0.76 | $3.12 | $-2.41 | $-1.71 | · | · | · | · | · | |
| EPS (Diluted) | $-0.05 | $-2.70 | $-1.88 | $0.76 | $3.12 | $-2.41 | $-1.71 | · | · | · | · | · | |
| Shares (Basic) | 63,510,201 | 58,170,931 | 62,739,227 | 62,737,091 | 62,344,100 | 57,176,743 | 49,523,444 | · | · | · | · | · | |
| Shares (Diluted) | · | · | · | 62,737,091 | 62,344,100 | 57,176,743 | 49,523,444 | · | · | · | · | · | |
| EBITDA | $-122M | · | $-164M | · | $-174M | $-111M | $-63M | $-112M | $-44M | $-54M | $-71M | $-70M |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $10M | $3M | $7M | $11M | $101M | $11M | $3M | $6M | $3M | $2M | $1M | $354.0K | |
| Short-term Investments | $162M | $87M | $165M | $184M | $56M | $124M | $58M | $55M | · | · | · | · | |
| Receivables | $0 | $8M | $8M | $213M | $38M | $4M | $35M | $23M | $17M | $12M | $7M | $392.0K | |
| Inventory | $0 | · | · | · | · | $1M | $1M | $88.0K | $443.0K | $1M | $472.0K | $568.0K | |
| Prepaid Expense | $8M | $7M | $9M | $6M | $8M | $10M | $7M | $6M | $7M | $2M | $2M | $1M | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | · | $120.0K | |
| Current Assets | $216M | $134M | $218M | $443M | $248M | $151M | $104M | $90M | $108M | $60M | $37M | $9M | |
| PP&E (Net) | $2M | $3M | $2M | $1M | · | · | $4M | $4M | $2M | $1M | $951.0K | $782.0K | |
| PP&E (Gross) | $14M | $14M | $12M | $11M | · | $10M | $10M | $8M | $5M | $4M | $3M | $3M | |
| Accum. Depreciation | $12M | $11M | $10M | $10M | · | · | $6M | $4M | $3M | $3M | $2M | $2M | |
| Other Non-current Assets | · | · | · | · | · | · | · | · | · | $0 | $219.0K | $332.0K | |
| Total Assets | $326M | $277M | $378M | $591M | $419M | $181M | $137M | $96M | $116M | $67M | $49M | $11M | |
| Accounts Payable | $5M | $6M | $8M | $6M | $13M | $4M | $5M | $6M | $7M | $3M | $6M | $5M | |
| Accrued Liabilities | $29M | $26M | $32M | $31M | $33M | $29M | $47M | $30M | $19M | $13M | $10M | $7M | |
| Current Liabilities | $78M | $80M | $53M | $136M | $52M | $37M | $55M | $37M | $26M | $16M | $16M | $18M | |
| Capital Leases | $7M | $12M | $17M | $22M | $29M | $28M | $31M | $2M | $810.0K | · | · | · | |
| Long-term Debt | $88M | $165M | $213M | $315M | $313M | $236M | $158M | · | $84M | $81M | $50M | $32M | |
| Total Debt | · | · | · | · | · | · | · | $889.0K | $85M | $80M | $50M | $33M | |
| Common Stock | $716.0K | $580.0K | $611.0K | $628.0K | $626.0K | $616.0K | $542.0K | $490.0K | $482.0K | $438.0K | $380.0K | $342.0K | |
| Paid-in Capital | $792M | $727M | $728M | · | · | · | · | $549M | $520M | $432M | $377M | $285M | |
| Retained Earnings | $-914M | $-910M | $-754M | $-636M | $-683M | $-873M | $-735M | $-650M | $-523M | $-470M | $-403M | $-328M | |
| Stockholders' Equity | $-121M | $-183M | $-25M | $86M | $24M | $-121M | $-109M | $-100M | $-3M | $-37M | $-26M | $-43M | |
| Liabilities + Equity | $326M | $277M | $378M | $591M | $419M | $181M | $137M | $96M | $116M | $67M | $49M | $11M | |
| Shares Outstanding | 71,670,791 | 58,044,465 | 61,128,597 | 62,828,765 | 62,628,855 | 61,671,231 | 54,200,810 | 49,011,684 | 48,211,226 | 43,819,133 | 38,040,891 | 34,185,464 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $964.0K | $950.0K | $920.0K | $952.0K | $1M | $2M | $2M | $962.0K | $551.0K | $300.0K | $209.0K | $317.0K | |
| Stock-based Comp | $8M | $10M | $12M | $14M | $18M | $15M | $14M | $12M | $13M | $14M | $10M | $9M | |
| Deferred Tax | $0 | $0 | $0 | $0 | $0 | $-23M | $-20M | $-13M | $0 | $0 | · | · | |
| Other Non-cash | $-122M | · | $180M | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $-116M | $-149M | $75M | $-86M | $-110M | $-100M | $-60M | $-104M | $-36M | $-52M | $-65M | $-58M | |
| CapEx | $65.0K | $165.0K | $426.0K | $113.0K | $277.0K | $283.0K | $334.0K | $567.0K | $350.0K | $126.0K | $240.0K | $28.0K | |
| Investing Cash Flow | $165M | $82M | $27M | $-128M | $194M | $-67M | $-3M | $25M | $-38M | $-16M | $-21M | $6M | |
| Stock Issued | · | · | · | · | · | $94M | $54M | $0 | $64M | $38M | $79M | $38M | |
| Stock Repurchased | $0 | $12M | $5M | $0 | $0 | · | · | · | · | · | · | · | |
| Net Stock Activity | $0 | · | $-5M | · | · | $94M | $54M | $0 | $64M | $38M | $79M | $38M | |
| Financing Cash Flow | $-42M | $63M | $-106M | $124M | $6M | $175M | $61M | $81M | $75M | $69M | $87M | $51M | |
| Net Change in Cash | $6M | $-4M | $-4M | $-90M | $90M | $7M | $-3M | $2M | $1M | $859.0K | $1M | $-1M | |
| Taxes Paid | $153.0K | $165.0K | $3M | $80.0K | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $-116M | · | $74M | · | $-110M | $-100M | $-60M | $-104M | $-37M | $-52M | $-65M | $-58M | |
| Levered FCF | · | · | · | · | $-130M | $-125M | $-83M | $-119M | · | · | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | · | · | -149.8% | -56.7% | -375.7% | -67.7% | -130.4% | -527.3% | -12988.5% | |
| Net Margin | · | · | · | · | · | -187.0% | -75.6% | -424.4% | -82.5% | -160.4% | -555.9% | -13668.5% | |
| Pretax Margin | · | · | · | · | · | -203.3% | -75.6% | -467.7% | · | · | · | · | |
| EBITDA Margin | · | · | · | · | · | -149.8% | -56.7% | -375.7% | -67.7% | -130.4% | -527.3% | -12988.5% | |
| ROA | -1.1% | · | -24.3% | · | 64.7% | -86.8% | -72.5% | -119.4% | -58.3% | -114.8% | -251.0% | -533.4% | |
| ROE | 1.9% | · | 605.2% | · | -162.6% | 132.7% | 67.9% | 134.0% | 265.7% | 209.6% | 218.0% | 241.4% | |
| ROIC | 174.2% | · | · | · | -730.1% | 84.3% | 58.1% | 102.6% | · | · | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.8 | · | 4.1 | · | 4.8 | 4.1 | 1.9 | 2.4 | 4.1 | 3.7 | 2.3 | 0.5 | |
| Quick Ratio | 2.3 | · | 3.4 | · | 3.8 | 3.8 | 1.7 | 0.8 | 0.8 | 0.9 | 0.5 | 0.0 | |
| Debt / Equity | · | · | · | · | · | · | · | -0.0 | -30.1 | -2.1 | -1.9 | -0.8 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | -29.9 | -2.1 | -1.9 | -0.6 | |
| Interest Coverage | · | · | -5.3 | · | -8.8 | -4.1 | -2.8 | -6.9 | -4.0 | -6.9 | -19.9 | -20.2 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | · | · | 0.5 | 1.0 | 0.3 | 0.7 | 0.7 | 0.5 | 0.0 | |
| Inventory Turnover | · | · | · | · | · | 0.7 | 1.4 | 1.9 | 1.4 | 1.8 | 2.0 | · | |
| Receivables Turnover | · | · | · | · | · | 3.8 | 3.9 | 1.5 | 4.4 | 4.5 | 3.9 | 1.4 |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS YoY | · | · | · | -75.6% | · | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | · | -75.6% | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $91M | $91M | $91M | $91M | $91M | $74M | $112M | $30M | $65M | $42M | $14M | $539.0K | |
| Net Income TTM | $-3M | $-157M | $-118M | $47M | $194M | $-138M | $-84M | $-127M | $-53M | $-67M | $-75M | $-74M | |
| Market Cap | $1.23B | · | $200M | · | $403M | $881M | $764M | $546M | $937M | $435M | $598M | $847M | |
| Enterprise Value | · | · | · | · | · | · | · | $541M | $1.02B | $512M | $647M | $879M | |
| P/E | -343.6 | -3.7 | -1.7 | 3.0 | 2.1 | -5.9 | -8.2 | · | · | · | · | · | |
| P/S | 13.6 | · | 2.2 | · | 4.4 | 11.9 | 6.8 | 18.3 | 14.5 | 10.4 | 44.3 | 1571.6 | |
| P/B | -10.2 | · | -8.0 | · | 16.9 | -7.3 | -7.0 | -5.5 | -332.9 | -11.6 | -22.8 | -19.9 | |
| P / Tangible Book | · | · | · | 1.7 | 16.9 | · | · | · | · | · | · | · | |
| P / Cash Flow | -10.6 | · | 2.7 | · | -3.7 | -8.8 | -12.7 | -5.3 | -25.9 | -8.4 | -9.2 | -14.6 | |
| P / FCF | -10.6 | · | 2.7 | · | -3.7 | -8.8 | -12.6 | -5.2 | -25.6 | -8.4 | -9.1 | -14.6 | |
| EV / EBITDA | · | · | · | · | · | · | · | -4.8 | -23.2 | -9.4 | -9.1 | -12.6 | |
| EV / FCF | · | · | · | · | · | · | · | -5.2 | -27.9 | -9.9 | -9.9 | -15.1 | |
| EV / Revenue | · | · | · | · | · | · | · | 18.1 | 15.7 | 12.3 | 47.9 | 1631.7 | |
| Earnings Yield | -0.29% | -27.3% | -57.5% | 33.6% | 48.5% | -16.9% | -12.1% | · | · | · | · | · |
Income Statement 16
| 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 | $29M | $10M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Cost of Revenue | $798.0K | $587.0K | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| R&D Expense | $14M | $13M | $19M | $16M | $22M | $24M | $23M | $24M | $45M | $27M | $29M | $32M | $30M | $25M | $27M | $39M | |
| SG&A Expense | $14M | $13M | $10M | $10M | $10M | $11M | $10M | $11M | $14M | $12M | $11M | $16M | $11M | $11M | $14M | $12M | |
| Operating Expenses | $28M | $27M | $29M | $26M | $32M | $35M | $33M | $35M | $59M | $39M | $40M | $48M | $41M | $36M | $40M | $51M | |
| Operating Income | $74.0K | $-17M | $-29M | $-26M | $-32M | $-35M | $-33M | $-35M | $-59M | $-39M | $-40M | $-48M | $-41M | $-36M | $-40M | $-51M | |
| Interest Expense | · | · | · | · | · | · | · | $4M | $9M | $8M | · | $8M | $8M | $8M | · | $5M | |
| Interest Income | · | · | · | · | · | $700.0K | $1M | $2M | $2M | $3M | $3M | $4M | $4M | $3M | $2M | $400.0K | |
| Pretax Income | $7M | $51M | · | · | $-26M | $-38M | · | · | · | · | · | · | · | · | · | · | |
| Income Tax | $29.0K | $57.0K | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Net Income | $13M | $56M | $86M | $-31M | $-25M | $-33M | $-31M | $-32M | $-56M | $-37M | $-9M | $-38M | $-37M | $-34M | $129M | $-17M | |
| EPS (Basic) | $0.18 | $0.78 | $1.43 | $-0.47 | $-0.43 | $-0.58 | $-0.54 | $-0.56 | $-0.97 | $-0.63 | $-0.15 | $-0.60 | $-0.59 | $-0.54 | $2.06 | $-0.28 | |
| EPS (Diluted) | $0.15 | $0.62 | $1.43 | $-0.47 | $-0.43 | $-0.58 | $-0.54 | $-0.56 | $-0.97 | $-0.63 | · | · | $-0.59 | $-0.54 | · | $-0.28 | |
| Shares (Basic) | 72,131,526 | 71,917,180 | -119,395,231 | 66,263,992 | 58,585,083 | 58,056,357 | -116,521,894 | 57,948,093 | 57,944,016 | 58,800,716 | -125,783,384 | 62,856,721 | 62,837,125 | 62,828,765 | -125,447,714 | 62,730,015 | |
| Shares (Diluted) | 89,625,663 | 90,116,352 | · | · | 58,585,083 | 58,056,357 | · | · | · | · | · | · | 62,837,125 | 62,828,765 | · | 62,730,015 | |
| EBITDA | $74.0K | $-17M | · | $-26M | $-32M | $-35M | · | $-35M | $-59M | $-39M | · | $-48M | $-41M | $-36M | · | $-51M |
Balance Sheet 21
| 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 | $2M | $2M | $10M | $2M | $2M | $4M | $3M | $2M | $2M | $2M | · | $31M | $7M | $4M | · | $146M | |
| Short-term Investments | $130M | $133M | $162M | $34M | $27M | $48M | $87M | $122M | $157M | $229M | · | $280M | $335M | $368M | · | $75M | |
| Receivables | $12M | $7M | $11M | $7M | $6M | $7M | $8M | $6M | $8M | $8M | · | $7M | $11M | $10M | · | $14M | |
| Inventory | $842.0K | $183.0K | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Prepaid Expense | $6M | $7M | $8M | $4M | $6M | $7M | $7M | $6M | $6M | $13M | · | $5M | $7M | $7M | · | $6M | |
| Current Assets | $185M | $180M | $216M | $72M | $70M | $96M | $134M | $165M | $203M | $281M | · | $351M | $389M | $417M | · | $289M | |
| PP&E (Net) | $1M | $2M | $2M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | · | $2M | · | · | · | · | |
| PP&E (Gross) | $14M | $14M | $14M | $14M | $14M | $14M | $14M | $13M | $13M | $12M | · | $12M | · | · | · | · | |
| Accum. Depreciation | $12M | $12M | $12M | $12M | $12M | $11M | $11M | $11M | $11M | $10M | · | $10M | · | · | · | · | |
| Total Assets | $287M | $286M | $326M | $186M | $201M | $235M | $277M | $313M | $356M | $437M | · | $493M | $527M | $560M | · | $458M | |
| Accounts Payable | $6M | $5M | $5M | $12M | $9M | $4M | $6M | $8M | $7M | $6M | · | $6M | $10M | $6M | · | $17M | |
| Accrued Liabilities | $29M | $28M | $29M | $26M | $26M | $25M | $26M | $23M | $28M | $28M | · | $35M | $30M | $31M | · | $18M | |
| Current Liabilities | $95M | $59M | $78M | $81M | $86M | $83M | $80M | $56M | $59M | $59M | · | $147M | $144M | $139M | · | $40M | |
| Capital Leases | · | · | $7M | · | · | · | $12M | · | · | · | · | · | · | · | · | · | |
| Long-term Debt | · | · | $88M | $155M | $155M | $165M | $165M | $165M | $165M | · | · | $317M | $316M | $316M | · | $315M | |
| Common Stock | $721.0K | $720.0K | $716.0K | $700.0K | $599.0K | $580.0K | $580.0K | $579.0K | $579.0K | $579.0K | · | $628.0K | $628.0K | $628.0K | · | $627.0K | |
| Paid-in Capital | $792M | $794M | $792M | $779M | $740M | $730M | $727M | · | · | · | · | · | · | · | · | · | |
| Retained Earnings | $-844M | $-858M | $-914M | $-1.00B | $-969M | $-944M | $-910M | $-879M | $-847M | $-791M | · | $-744M | $-707M | $-669M | · | $-764M | |
| Stockholders' Equity | $-51M | $-63M | $-121M | $-220M | $-229M | $-214M | $-183M | $-154M | $-125M | $-71M | $-25M | $-14M | $21M | $55M | $86M | $-46M | |
| Liabilities + Equity | $287M | $286M | $326M | $186M | $201M | $235M | $277M | $313M | $356M | $437M | · | $493M | $527M | $560M | · | $458M | |
| Shares Outstanding | 72,087,984 | 71,998,632 | 71,670,791 | 70,073,622 | 60,022,332 | 58,063,901 | 58,044,465 | 57,949,760 | 57,944,159 | 57,942,695 | · | 62,865,491 | 62,848,321 | 62,828,765 | · | 62,730,015 |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $193.0K | $239.0K | $235.0K | $240.0K | $200.0K | $289.0K | $301.0K | $237.0K | $208.0K | $204.0K | $205.0K | $197.0K | $332.0K | $186.0K | $163.0K | $300.0K | |
| Stock-based Comp | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | |
| Other Non-cash | · | $-73M | · | · | · | $-5M | · | · | · | $-7M | · | · | · | · | · | · | |
| Operating Cash Flow | $4M | $-15M | $-40M | $-18M | $-22M | $-36M | $-29M | $-32M | $-46M | $-42M | $-35M | $-33M | $-32M | $175M | $-25M | $-26M | |
| CapEx | $45.0K | $0 | $0 | $11.0K | $13.0K | $41.0K | $26.0K | $1.0K | $80.0K | $58.0K | $118.0K | $33.0K | $275.0K | $0 | $13.0K | $-3.0K | |
| Investing Cash Flow | $3M | $29M | $112M | $-7M | $21M | $39M | $35M | $36M | $73M | $-62M | $116M | $57M | $35M | $-181M | $-108M | $33M | |
| Stock Repurchased | $6M | $4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12M | $5M | $0 | $0 | $0 | · | · | |
| Net Stock Activity | · | $-4M | · | · | · | $0 | · | · | · | $-12M | · | · | · | · | · | · | |
| Financing Cash Flow | $-7M | $-22M | $-64M | $26M | $-2M | $-2M | $-4M | $-5M | $-27M | $98M | $-105M | $-483.0K | $-260.0K | $-388.0K | $-651.0K | $125M | |
| Net Change in Cash | $82.0K | $-8M | $7M | $491.0K | $-2M | $861.0K | $2M | $-599.0K | $289.0K | $-5M | $-24M | $24M | $3M | $-7M | $-135M | $131M | |
| Taxes Paid | $444.0K | $57.0K | $-29.0K | $0 | $182.0K | $0 | $274.0K | $35.0K | · | · | $-484.0K | $0 | · | · | · | · | |
| Free Cash Flow | · | $-15M | · | · | · | $-36M | · | · | · | $-42M | · | · | · | · | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 0.26% | -176.1% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Net Margin | 46.4% | 566.7% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Pretax Margin | 23.4% | 518.6% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| EBITDA Margin | 0.26% | -173.7% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| ROA | 5.4% | 21.5% | · | -12.4% | -9.1% | -10.0% | · | -8.0% | -12.7% | -7.4% | · | -7.9% | -8.5% | -7.2% | · | -6.0% | |
| ROE | -9.4% | -40.5% | · | 16.5% | 14.4% | 23.5% | · | 38.3% | 107.7% | 453.7% | · | 125.3% | 611.8% | -134.8% | · | 11.3% | |
| ROIC | -0.14% | 27.5% | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Liquidity & Solvency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.0 | 3.0 | · | 0.9 | 0.8 | 1.2 | · | 3.0 | 3.4 | 4.8 | · | 2.4 | 2.7 | 3.0 | · | 7.3 | |
| Quick Ratio | 1.5 | 2.4 | · | 0.5 | 0.4 | 0.7 | · | 2.3 | 2.8 | 4.0 | · | 2.2 | 2.5 | 2.7 | · | 5.9 | |
| Interest Coverage | · | · | · | · | · | · | · | -8.7 | -6.4 | -4.7 | · | -6.1 | -5.2 | -4.5 | · | -10.3 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.0 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Inventory Turnover | 0.9 | 0.9 | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | 3.2 | 1.4 | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| 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 | · | · | · | $91M | $91M | $91M | · | $91M | $91M | $91M | · | $91M | $91M | $91M | · | $91M | |
| Net Income TTM | $13M | $-34M | · | $-122M | $-147M | $-159M | · | $-163M | $-168M | $-146M | · | $-126M | $-119M | $-115M | · | $-104M | |
| Market Cap | $686M | $760M | · | $287M | $180M | $477M | · | $230M | $235M | $200M | · | $184M | $342M | $292M | · | $198M | |
| P/E | -73.2 | -12.3 | · | -2.0 | -1.2 | -3.0 | · | · | · | · | · | -1.5 | -2.9 | -2.5 | · | -1.9 | |
| P/S | · | · | · | 3.2 | 2.0 | 5.3 | · | 2.5 | 2.6 | 2.2 | · | 2.0 | 3.8 | 3.2 | · | 2.2 | |
| P/B | -13.4 | -12.0 | · | -1.3 | -0.8 | -2.2 | · | -1.5 | -1.9 | -2.8 | · | -13.2 | 16.7 | 5.3 | · | -4.3 | |
| P / Tangible Book | · | · | · | · | · | · | · | · | · | · | · | · | 16.7 | 5.3 | · | · | |
| P / Cash Flow | · | -52.4 | · | · | · | -13.3 | · | · | · | -4.8 | · | · | · | 1.7 | · | · | |
| P / FCF | · | -52.4 | · | · | · | -13.3 | · | · | · | -4.8 | · | · | · | · | · | · | |
| Earnings Yield | -1.4% | -8.1% | · | -49.8% | -84.7% | -33.3% | · | · | · | · | · | -65.1% | -34.9% | -39.6% | · | -52.7% |
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 | |
|---|---|---|---|---|---|
| Net Income | $-3M | $-157M | $-118M | $47M | $194M |
| Diluted EPS | $-0.05 | $-2.70 | $-1.88 | $0.76 | $3.12 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 2.8 | — | 4.1 | — | 4.8 |
| Quick Ratio | 2.3 | — | 3.4 | — | 3.8 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-116M | — | $74M | — | $-110M |
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Institutional owners (13F) 197 filers · $221.8M 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 |
|---|---|---|---|---|
| 44 (+9 vs prior Q) | 23 (-3 vs prior Q) | 68 (+6 vs prior Q) | 37 (-10 vs prior Q) | +10.0M |
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 CAPITAL MANAGEMENT LLC | $29,215,196 | 3,072,050 | 13.17% | Shares |
| STATE STREET CORP | $22,062,306 | 2,319,906 | 9.95% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $15,684,857 | 1,648,836 | 7.07% | Shares |
| Affinity Asset Advisors, LLC | $13,421,463 | 1,411,300 | 6.05% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $9,237,063 | 971,300 | 4.16% | Call option |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $9,156,494 | 962,828 | 4.13% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $8,736,837 | 918,700 | 3.94% | Put option |
| Rock Springs Capital Management LP | $6,832,925 | 718,499 | 3.08% | Shares |
| Corient Private Wealth LP | $6,274,033 | 659,730 | 2.83% | Shares |
| Rubric Capital Management LP | $6,246,872 | 656,874 | 2.82% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $5,750,060 | 604,633 | 2.59% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,671,055 | 491,173 | 2.11% | Shares |
| CITADEL ADVISORS LLC | $4,507,740 | 474,000 | 2.03% | Call option |
| Clutterbuck Capital Management LLC | $4,279,500 | 450,000 | 1.93% | Shares |
| TWO SIGMA INVESTMENTS, LP | $3,829,316 | 402,662 | 1.73% | Shares |
| KOTLER KEVIN | $3,794,445 | 218,700 | 1.71% | Call option |
| Caption Management, LLC | $3,462,591 | 364,100 | 1.56% | Put option |
| UBS Group AG | $3,352,161 | 352,488 | 1.51% | Shares |
| MILLENNIUM MANAGEMENT LLC | $3,269,909 | 343,839 | 1.47% | Shares |
| CITADEL ADVISORS LLC | $2,571,504 | 270,400 | 1.16% | Put option |
| Badgley Phelps Wealth Managers, LLC | $2,506,418 | 263,556 | 1.13% | Shares |
| KOTLER KEVIN | $2,232,492 | 129,985 | 1.01% | Shares |
| JANE STREET GROUP, LLC | $1,904,853 | 200,300 | 0.86% | Call option |
| Ancora Advisors LLC | $1,604,812 | 168,750 | 0.72% | Shares |
| AlphaQuest LLC | $1,418,603 | 82,597 | 0.64% | Shares |
| LMR Partners LLP | $1,384,656 | 145,600 | 0.62% | Put option |
| MORGAN STANLEY | $1,338,200 | 140,715 | 0.60% | Shares |
| TWO SIGMA ADVISERS, LP | $1,307,018 | 76,100 | 0.59% | Shares |
| Swiss National Bank | $1,305,723 | 137,300 | 0.59% | Shares |
| Virtus Investment Advisers, LLC | $1,266,057 | 133,129 | 0.57% | Shares |
| Caption Management, LLC | $1,236,300 | 130,000 | 0.56% | Shares |
| JANE STREET GROUP, LLC | $1,192,554 | 125,400 | 0.54% | Put option |
| Caption Management, LLC | $1,145,004 | 120,400 | 0.52% | Call option |
| MML INVESTORS SERVICES, LLC | $1,123,844 | 118,175 | 0.51% | Shares |
| HighTower Advisors, LLC | $1,097,151 | 115,368 | 0.49% | Shares |
| RHUMBLINE ADVISERS | $1,048,666 | 110,271 | 0.47% | Shares |
| PEAK6 LLC | $951,000 | 100,000 | 0.43% | Call option |
| BANK OF AMERICA CORP /DE/ | $936,383 | 98,463 | 0.42% | Shares |
| Brevan Howard Capital Management LP | $932,427 | 98,047 | 0.42% | Shares |
| GOLDMAN SACHS GROUP INC | $849,138 | 89,289 | 0.38% | Shares |
| CITADEL ADVISORS LLC | $813,999 | 85,594 | 0.37% | Shares |
| COLDSTREAM CAPITAL MANAGEMENT INC | $805,906 | 84,743 | 0.36% | Shares |
| Quantinno Capital Management LP | $796,805 | 83,786 | 0.36% | Shares |
| Balyasny Asset Management L.P. | $794,637 | 83,558 | 0.36% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $724,529 | 76,186 | 0.33% | Shares |
| ALLIANCEBERNSTEIN L.P. | $707,414 | 66,990 | 0.32% | Shares |
| MINDSET WEALTH MANAGEMENT, LLC | $671,406 | 70,600 | 0.30% | Shares |
| CITIGROUP INC | $653,014 | 68,666 | 0.29% | Shares |
| COMERICA BANK | $652,650 | 38,000 | 0.29% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $616,248 | 64,800 | 0.28% | Shares |
| AMERICAN FINANCIAL GROUP INC | $609,715 | 64,113 | 0.27% | Shares |
| VANGUARD GROUP INC | $607,274 | 35,358 | 0.27% | Shares |
| WELLS FARGO & COMPANY/MN | $593,671 | 62,426 | 0.27% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $573,824 | 60,339 | 0.26% | Shares |
| GROUP ONE TRADING LLC | $558,208 | 58,697 | 0.25% | Shares |
| Vanguard Global Advisers, LLC | $532,741 | 56,019 | 0.24% | Shares |
| Squarepoint Ops LLC | $523,335 | 55,030 | 0.24% | Shares |
| BlackRock, Inc. | $519,436 | 54,620 | 0.23% | Shares |
| Bank of New York Mellon Corp | $518,276 | 54,498 | 0.23% | Shares |
| Walleye Capital LLC | $515,442 | 54,200 | 0.23% | Put option |
| FEDERATED HERMES, INC. | $492,009 | 51,736 | 0.22% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $454,283 | 47,769 | 0.20% | Shares |
| NFSG Corp | $439,457 | 46,210 | 0.20% | Shares |
| Headlands Technologies LLC | $431,764 | 45,401 | 0.19% | Shares |
| BARCLAYS PLC | $428,255 | 45,032 | 0.19% | Shares |
| MetLife Investment Management, LLC | $413,780 | 43,510 | 0.19% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $407,418 | 42,841 | 0.18% | Shares |
| Optimize Financial Inc | $405,578 | 38,407 | 0.18% | Shares |
| WOLVERINE TRADING, LLC | $405,460 | 97,000 | 0.18% | Call option |
| PRUDENTIAL FINANCIAL INC | $403,081 | 42,385 | 0.18% | Shares |
| Susquehanna Portfolio Strategies, LLC | $397,090 | 41,755 | 0.18% | Shares |
| Walleye Capital LLC | $381,351 | 40,100 | 0.17% | Call option |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | $380,164 | 40,400 | 0.17% | Shares |
| FIFTH THIRD BANCORP | $370,890 | 39,000 | 0.17% | Shares |
| Cerity Partners LLC | $353,658 | 37,188 | 0.16% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $315,894 | 33,217 | 0.14% | Shares |
| LPL Financial LLC | $314,144 | 33,033 | 0.14% | Shares |
| Diametric Capital, LP | $313,925 | 33,010 | 0.14% | Shares |
| Focus Partners Wealth | $301,686 | 31,723 | 0.14% | Shares |
| BRIGHTON JONES LLC | $300,488 | 31,597 | 0.14% | Shares |
| WOLVERINE TRADING, LLC | $295,944 | 70,800 | 0.13% | Put option |
| Avantax Planning Partners, Inc. | $295,761 | 31,100 | 0.13% | Shares |
| Invesco Ltd. | $273,774 | 28,788 | 0.12% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $256,770 | 27,000 | 0.12% | Shares |
| PROFUND ADVISORS LLC | $250,294 | 26,319 | 0.11% | Shares |
| Atom Investors LP | $227,717 | 23,945 | 0.10% | Shares |
| AXQ CAPITAL, LP | $221,069 | 23,246 | 0.10% | Shares |
| HARBOUR INVESTMENTS, INC. | $220,052 | 23,139 | 0.10% | Shares |
| Stordahl Capital Management, Inc. | $217,399 | 22,860 | 0.10% | Shares |
| State of New Jersey Common Pension Fund D | $210,314 | 22,115 | 0.09% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $207,974 | 21,869 | 0.09% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $196,981 | 20,713 | 0.09% | Shares |
| JANE STREET GROUP, LLC | $191,779 | 20,166 | 0.09% | Shares |
| DeepCurrents Investment Group LLC | $189,924 | 19,971 | 0.09% | Shares |
| Rafferty Asset Management, LLC | $185,198 | 19,474 | 0.08% | Shares |
| Police & Firemen's Retirement System of New Jersey | $183,210 | 19,265 | 0.08% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $180,357 | 18,965 | 0.08% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $179,482 | 18,873 | 0.08% | Shares |
| Pictet Asset Management Holding SA | $171,456 | 18,029 | 0.08% | Shares |
| Vanguard Investments Australia, Ltd. | $164,475 | 17,295 | 0.07% | Shares |
Company insiders 17 insiders · 4 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Gregory A Demopulos MD | Chairman, CEO & President | July 22, 2026 A | 2,026,986 | 0 | 0 | $0 |
| Peter B Cancelmo | VP, General Counsel | July 22, 2026 A | — | 0 | 0 | $0 |
| Marcia S. Kelbon | VP Patent and General Counsel | June 7, 2019 M | 210,645 | 0 | 0 | $0 |
| Michael A Jacobsen | VP Finance and CAO | Feb. 8, 2019 A | 13,500 | 0 | 0 | $0 |
| Joseph L Schocken | Director | Aug. 12, 2026 A | — | 0 | 0 | $0 |
| Diana T. Perkinson | Director | June 18, 2026 A | — | 0 | 0 | $0 |
| Thomas F. Bumol | Director | June 18, 2026 A | — | 0 | 0 | $0 |
| Rajiv Shah | Director | June 18, 2026 A | — | 0 | 0 | $0 |
| Leroy E. Hood MD PhD | Director | June 18, 2026 A | 64,390 | 0 | 0 | $0 |
| Peter A Demopulos MD | Director | June 18, 2026 A | 188,516 | 0 | 0 | $0 |
| Thomas J. Cable | Director | June 18, 2026 A | 35,067 | 0 | 0 | $0 |
| Arnold C Hanish | Director | June 18, 2026 A | 2,400 | 0 | 0 | $0 |
| Kurt Zumwalt | Director | Feb. 10, 2020 A | — | 0 | 0 | $0 |
| Ray Aspiri | Director | June 7, 2019 A | 40,306 | 0 | 0 | $0 |
| Jean-Philippe Tripet | Director | Oct. 13, 2009 C | 493,102 | 0 | 0 | $0 |
| David J. Borges | — | Aug. 13, 2026 M | 0 | 0 | 1 | $-84,750 |
| Daniel K Spiegelman | — | June 1, 2012 A | — | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 35 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 |
|---|---|---|---|---|
| PBE · Invesco Exchange-Traded Fund Trust | 2.72% | 744,412 SH | Aug. 8, 2026 | Daily |
| PILL · Direxion Shares ETF Trust | 1.64% | 14,463 NS | April 30, 2026 | N-PORT |
| BBC · ETFis Series Trust I | 1.06% | 27,192 NS | April 30, 2026 | N-PORT |
| QQQS · Invesco Exchange-Traded Fund Trust … | 0.59% | 10,141 SH | Aug. 8, 2026 | Daily |
| IWC · iShares Trust | 0.22% | 244,968 SH | Aug. 8, 2026 | Daily |
| IHE · iShares Trust | 0.21% | 257,780 SH | Aug. 8, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.13% | 267,612 SH | Aug. 8, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.07% | 3,941 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.05% | 107,412 SH | Aug. 8, 2026 | Daily |
| FSCC · Federated Hermes ETF Trust | 0.04% | 11,116 NS | May 31, 2026 | N-PORT |
| BIB · ProShares Trust | 0.04% | 2,622 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.04% | 413,448 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.03% | 39,311 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.03% | 1,839,033 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 29,217 NS | April 30, 2026 | N-PORT |
| IWO · iShares Trust | 0.02% | 246,841 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 415,531 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 28,874 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.02% | 3,228 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 343,807 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.01% | 3,076 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 2,526 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 830,998 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.01% | 205,824 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 4,509 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 2,555 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,641 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.00% | 33,514 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 64 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 140,959 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 19,739 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 47,494 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,172,336 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 5,676 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.00% | 56 NS | April 30, 2026 | N-PORT |