OPTU Optimum Communications, Inc. Class A common stock
About Optimum Communications, Inc. Class A common stock Company overview from Wikipedia
Optimum Communications, Inc. is an American telecommunications provider owned by French–Israeli businessman Patrick Drahi. The company primarily provides digital cable television and broadband services in the New York metropolitan area as well as in several Midwestern and Southern U.S. states. With approximately 4.9 million residential and business customers in 21 U.S. states as of 2017 it is the fourth-largest telecommunications company in the United States. Optimum is based at One Court Square in Long Island City, Queens, New York City. The company's operational center is located at Cablevision's former headquarters in Bethpage, Nassau County, New York, on Long Island.
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Optimum Communications, Inc. (previously Altice USA) is an American telecommunications provider owned by French–Israeli businessman Patrick Drahi. The company primarily provides digital cable television and broadband services in the New York metropolitan area as well as in several Midwestern and Southern U.S. states. With approximately 4.9 million residential and business customers in 21 U.S. states as of 2017 it is the fourth-largest telecommunications company in the United States. Optimum is based at One Court Square in Long Island City, Queens, New York City. The company's operational center is located at Cablevision's former headquarters in Bethpage, Nassau County, New York, on Long Island.
The company was formed via the acquisitions of Suddenlink Communications and Cablevision by Drahi's Altice in 2016. In 2017, the subsidiary went public on the New York Stock Exchange, and in 2018 was spun off from Altice as an independent company, although it still remains controlled by Drahi.
The company operates cable television and broadband services under the brand Optimum, which originated from Cablevision; the brand was extended to Suddenlink's systems in 2022, and became Altice USA's corporate name in 2025.
Products and services
Optimum Online, a DOCSIS Internet service that offers speeds up to 940 Mbit/s. As of April 2020, a Fiber-to-the home service has been available to more than half of its service footprint.
Subscribers also get access to Optimum Wi-Fi hotspots that are located within its service area. Additionally, they may also connect to hotspots provided by Charter Spectrum, Comcast, and Cox nationwide.
Optimum Voice, a Voice over IP (VoIP) telephone service
Optimum TV, a digital cable service
Optimum Mobile, a wireless network offering unlimited text, talk, and data over a 4G LTE nationwide network;
Other properties
Optimum Business, built of the former Lightpath and Suddenlink Business organizations,), an internet, telephone, and television service for businesses. Optimum Business is currently available in 21 states and serves more than 375,000 businesses.
News 12 Networks, a group of cable networks that provide news, weather, traffic and sports to cable subscribers in the New York/New Jersey/Connecticut tri-state area through seven individual 24-hour local news channels and five traffic and weather channels.
News 12 Varsity, A high school sports network dedicated to providing live games of local varsity games.
Audience Partners, a provider of audience-based digital advertising solutions, which Altice USA acquired in March 2017.
Cheddar, a live-streaming financial news network, which was acquired in 2019 and sold to media company Archetype in 2023.
History
On May 20, 2015, Netherlands-based French company Altice NV announced that it would enter the U.S. cable market by purchasing Suddenlink Communications, the country's 7th-largest cable provider, for $9.1 billion. The acquisition closed on December 21, 2015.
On September 17, 2015, Altice NV announced its intention to acquire Cablevision from the Dolan family and other public shareholders for $17.7 billion. The deal was approved by the FCC on May 3, 2016 and after approval from various regional regulators such as New Jersey's Board of Public Utilities and the New York Public Service Commission, closed on June 21, 2016. Under the terms of the deal, Altice paid $34.90 in cash for each share in Cablevision and a 22% premium to the company's stock price; Altice also assumed Cablevision's debt.
In November 2016, Altice USA announced a five-year plan for fiber-to-the-home service to build a network capable of delivering 10 Gbit/s broadband speed. In August 2017, the company stated it was on track to reach one million homes by the end of 2018.
In May 2017, Altice USA announced its intention to rebrand its Suddenlink and Cablevision properties under the Altice name by the end of the second quarter of 2018.
In June 2017, Altice USA went public on the New York Stock Exchange, raising $2.2 billion in its initial public offering.
On January 8, 2018, Altice NV announced that it will spin-off Altice USA into a separate company. Patrick Drahi will maintain control of both companies, although they will be led by separate management teams.
On April 30, 2019, it was announced Altice USA was buying Cheddar for $200 million in cash.
On February 14, 2020, Altice USA announced that it had bought Service Electric in New Jersey. The deal closed in July.
On March 1, 2021, Altice USA announced that it would acquire Morris Broadband in North Carolina for $310 million which was later closed on April 6, 2021. Altice later announced that Morris Broadband would be folded into Optimum. In April 2022, Altice USA announced that Suddenlink would be brought under the Optimum brand as part of its "Let's Reconnect" marketing campaign and FTTH deployments.
On November 6, 2025, Altice USA announced that it would change its name to Optimum Communications effective November 19, unifying it with its service brand.
Markets
The company provides service in 21 states:
Carriage disputes
AMC Networks dispute
Altice engaged in a carriage dispute with the Dolan family (the former owners of Cablevision). Altice's contract to carry AMC Networks group of channels was to expire on December 31, 2016. On December 28 the two sides reached an agreement, three days before their contract with AMC expired.
The Walt Disney Company dispute
Altice engaged in a dispute with The Walt Disney Company; the contract to carry the company's channels was set to expire on October 1, 2017.
On October 1, 2017, Disney and Altice reached a last-minute agreement to continue carrying the company's channels; this narrowly averted what would have been a blackout of ABC-owned stations WABC-TV and WPVI-TV, along with the ESPN family of networks and various other channels. As part of the agreement, ESPN Classic was removed from the Altice lineup.
Starz dispute
On January 1, 2018, Altice dropped Starz, Starz Encore, and all of their channels from its channel lineup. The dispute came after the companies were unable to reach an agreement. The dispute ended on February 13, 2018, after both companies reached a new multi-year agreement.
21st Century Fox dispute
On September 22, 2018, 21st Century Fox announced that all of its entertainment and sports channels, including Fox owned-and-operated station WNYW and MyNetworkTV O&O WWOR-TV, would be removed from Altice on October 1 if a new retransmission agreement was not reached by that date.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
OPTU Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
OPTU 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
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 7, 2018 | $2.0350 |
OPTU Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 0 0.0%
- Buy 2 10.5%
- Hold 9 47.4%
- Sell 5 26.3%
- Strong Sell 3 15.8%
12-Month Price Target
9 analysts · 2026-08-19Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.63 | $-0.16 | -0.47% |
| March 31, 2026 | $-6.10 | $-0.15 | -6.0% |
| Dec. 31, 2025 | $-0.15 | $-0.01 | -0.14% |
| Sept. 30, 2025 | $-0.12 | $-0.07 | -0.06% |
| June 30, 2025 | $-0.20 | $-0.03 | -0.17% |
| March 31, 2025 | $-0.16 | $-0.06 | -0.10% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| OPTU | — | -0.4 | -4.1% | -21.8% | 134.3% | — |
| CHTR | — | 5.8 | -0.56% | 9.1% | 31.5% | — |
| SIRI | $6.70B | 9.0 | -1.6% | 9.4% | 7.1% | 52.4% |
| VSNT | — | — | -5.3% | 13.9% | 8.8% | — |
| LBRDA | — | 7.0 | 3.6% | — | -34.5% | — |
| CABO | $636M | -1.8 | -5.0% | -23.7% | -25.7% | — |
| CCZ | — | — | — | — | — | — |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.59B | $8.95B | $9.24B | $9.65B | $10.09B | $9.89B | $9.76B | $9.57B | · | $6.02B | |
| Cost of Revenue | $2.64B | $2.90B | $3.03B | $3.21B | $3.38B | $3.34B | $3.30B | $3.17B | · | · | |
| R&D Expense | · | · | $33M | $22M | · | · | · | · | · | · | |
| Operating Expenses | $8.70B | $7.27B | $7.54B | $7.85B | $7.57B | $7.78B | $7.94B | $7.88B | · | $5.55B | |
| Operating Income | $-113M | $1.68B | $1.70B | $1.80B | $2.52B | $2.12B | $1.82B | $1.68B | · | $463M | |
| Interest Expense | · | · | · | · | $1.27B | $1.35B | $1.54B | $1.56B | · | $1.46B | |
| Interest Income | · | · | · | · | $160.0K | $2M | $6M | $11M | · | $14M | |
| Other Non-op | $-3M | $-6M | $5M | $9M | $10M | $6M | $1M | $-12M | · | $980.0K | |
| Pretax Income | $-1.93B | $-82M | $119M | $517M | $1.31B | $583M | $187M | $-18M | · | $-1.09B | |
| Income Tax | $-97M | $-4M | $40M | $296M | $295M | $140M | $47M | $-39M | · | $-260M | |
| Net Income | $-1.87B | $-103M | $53M | $195M | $990M | $436M | $139M | $19M | · | $-832M | |
| EPS (Basic) | $-4.00 | $-0.22 | $0.12 | $0.43 | $2.16 | $0.75 | $0.21 | $0.03 | · | $-1.28 | |
| EPS (Diluted) | $-4.00 | $-0.22 | $0.12 | $0.43 | $2.14 | $0.75 | $0.21 | $0.03 | · | $-1.28 | |
| Shares (Basic) | 467,782,000 | 459,888,000 | 454,723,000 | 453,244,000 | 458,311,000 | 581,057,000 | 660,384,000 | 730,088,000 | · | 649,525,000 | |
| Shares (Diluted) | 467,782,000 | 459,888,000 | 455,034,000 | 453,282,000 | 462,295,000 | 583,689,000 | 662,541,000 | 730,088,000 | · | 649,525,000 | |
| EBITDA | $1.58B | $3.32B | $3.35B | $3.58B | $4.31B | $4.20B | $4.09B | $4.06B | · | · |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.01B | $257M | $302M | $305M | $196M | $278M | $702M | $299M | · | $487M | |
| Receivables | $336M | $332M | $358M | $366M | $407M | $443M | $457M | $448M | · | $350M | |
| Prepaid Expense | $189M | $142M | $175M | $131M | $184M | $255M | $215M | $136M | · | $88M | |
| Current Assets | $1.64B | $731M | $835M | $2.57B | $790M | $977M | $1.38B | $903M | · | $1.70B | |
| PP&E (Net) | $8.35B | $8.41B | $8.12B | $7.50B | $6.34B | $5.81B | $5.75B | $5.83B | · | $6.60B | |
| PP&E (Gross) | $18.19B | $17.18B | $16.28B | $15.29B | $13.48B | $12.24B | $11.03B | $9.87B | · | $7.64B | |
| Accum. Depreciation | $9.84B | $8.76B | $8.16B | $7.79B | $7.14B | $6.43B | $5.28B | $4.04B | · | $1.04B | |
| Goodwill | $8.04B | $8.04B | $8.04B | $8.21B | $8.21B | $8.16B | $8.14B | $8.01B | · | $7.99B | |
| Intangibles | $702M | $961M | $1.26B | $1.66B | $2.20B | $2.78B | $3.48B | $4.19B | · | $6.35B | |
| Other Non-current Assets | $120M | $94M | $195M | $260M | $77M | $92M | $93M | $84M | · | $49M | |
| Total Assets | $30.70B | $31.70B | $31.92B | $33.66B | $33.22B | $33.38B | $34.11B | $33.61B | · | $36.47B | |
| Accounts Payable | $817M | $971M | $937M | $1.21B | $1.02B | $796M | $800M | $858M | · | $706M | |
| Short-term Debt | · | · | · | · | · | · | · | $98M | · | · | |
| Current Liabilities | $2.05B | $2.25B | $2.31B | $4.04B | $2.74B | $3.10B | $1.98B | $2.02B | · | $3.70B | |
| Capital Leases | $250M | $255M | $265M | $260M | $237M | $257M | $269M | $0 | · | $13M | |
| Deferred Tax | $4.23B | $4.46B | $4.85B | $5.08B | $5.05B | $5.01B | $4.76B | $4.72B | · | $7.97B | |
| Other Non-current Liabilities | $316M | $320M | $221M | $275M | $159M | $193M | $148M | $175M | · | $113M | |
| Total Liabilities | $33.00B | $32.16B | $32.36B | $34.17B | $34.09B | $34.55B | $31.72B | $29.80B | · | $34.38B | |
| Long-term Debt | $26.21B | $25.06B | $25.07B | $26.59B | $26.55B | $26.72B | $24.42B | $22.81B | · | · | |
| Total Debt | $26.21B | $25.06B | $25.07B | $26.59B | $26.55B | $26.72B | $24.42B | $98M | · | · | |
| Common Stock | · | · | · | · | · | · | · | · | · | $0 | |
| Paid-in Capital | $253M | $234M | $187M | $183M | $18M | $0 | $2.04B | $3.42B | · | $3.00B | |
| Retained Earnings | $-2.57B | $-704M | $-601M | $-654M | $-849M | $-986M | $391M | $252M | · | $-976M | |
| Treasury Stock | $10.0K | $10.0K | $0 | $0 | $0 | $164M | $164M | $0 | · | · | |
| AOCI | $2M | $-4M | $-13M | $-8M | $6M | $4M | $-3M | $-12M | · | $2M | |
| Stockholders' Equity | $-2.31B | $-469M | $-422M | $-475M | $-820M | $-1.14B | $2.27B | $3.67B | · | $2.03B | |
| Liabilities + Equity | $30.70B | $31.70B | $31.92B | $33.66B | $33.22B | $33.38B | $34.11B | $33.61B | · | $36.47B | |
| Shares Outstanding | 287,413,647 | 278,980,530 | · | · | · | 476,469,575 | 632,995,139 | 709,040,286 | · | 100 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1.70B | $1.64B | $1.64B | $1.77B | $1.79B | $2.08B | $2.26B | $2.38B | · | $1.70B | |
| Stock-based Comp | $64M | $67M | $48M | $160M | $98M | $125M | $106M | $60M | · | $14M | |
| Deferred Tax | $-223M | $-396M | $-227M | $36M | $41M | $76M | $15M | $-68M | · | $-264M | |
| Amort. of Intangibles | $271M | $316M | $391M | $555M | $642M | $739M | $788M | $874M | · | $653M | |
| Restructuring | · | · | · | · | · | $3M | $13M | $31M | · | $227M | |
| Other Non-cash | $1.56B | $372M | $308M | $202M | $-62M | $260M | $38M | $115M | · | · | |
| Operating Cash Flow | $1.23B | $1.58B | $1.83B | $2.37B | $2.85B | $2.98B | $2.55B | $2.51B | · | $1.18B | |
| CapEx | $1.35B | $1.43B | $1.70B | $1.91B | $1.23B | $1.07B | $1.36B | $1.15B | · | $626M | |
| Investing Cash Flow | $-1.29B | $-1.46B | $-1.71B | $-1.92B | $-1.57B | $-1.22B | $-1.53B | $-1.15B | · | $-9.60B | |
| Stock Repurchased | · | · | $0 | $0 | $805M | $4.82B | $1.69B | $500M | · | $0 | |
| Net Stock Activity | · | · | $0 | $0 | $-805M | $-4.82B | $-1.69B | $-500M | · | · | |
| Dividends Paid | · | · | · | · | · | $0 | $0 | $1.50B | · | $366M | |
| Financing Cash Flow | $949M | $-172M | $-123M | $-336M | $-1.36B | $-2.18B | $-624M | $-1.39B | · | $131M | |
| Net Change in Cash | $885M | $-46M | $-3M | $110M | $-83M | $-423M | $403M | $-31M | · | $-8.28B | |
| Taxes Paid | $159M | $255M | $200M | $236M | $264M | $80M | $10M | $14M | · | $2M | |
| Free Cash Flow | $-119M | $149M | $122M | $453M | $1.62B | $1.91B | $1.20B | $1.35B | · | · | |
| Levered FCF | · | · | · | · | $642M | $878M | $50M | $3.13B | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -1.3% | 18.8% | 18.4% | 18.7% | 25.0% | 21.4% | 18.7% | 17.6% | · | · | |
| Net Margin | -21.8% | -1.1% | 0.58% | 2.0% | 9.8% | 4.4% | 1.4% | 0.20% | · | · | |
| Pretax Margin | -22.5% | -0.92% | 1.3% | 5.4% | 12.9% | 5.9% | 1.9% | -0.19% | · | · | |
| EBITDA Margin | 18.4% | 37.1% | 36.2% | 37.1% | 42.7% | 42.4% | 41.9% | 42.5% | · | · | |
| ROA | -6.0% | -0.32% | 0.17% | 0.58% | 3.0% | 1.3% | 0.41% | 0.06% | · | · | |
| ROE | 134.3% | 23.0% | -14.6% | -49.3% | -103.9% | -214.6% | 4.7% | 0.41% | · | · | |
| ROIC | -0.45% | 6.5% | 4.6% | 2.9% | 7.6% | 6.3% | 5.1% | -50.9% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.3 | 0.4 | 0.6 | 0.3 | 0.3 | 0.7 | 0.4 | · | · | |
| Quick Ratio | 0.7 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.6 | 0.4 | · | · | |
| Debt / Equity | -11.3 | -53.4 | -59.4 | -55.9 | -32.4 | -23.4 | 10.8 | 0.0 | · | · | |
| LT Debt / Equity | -11.3 | -53.0 | -58.5 | -51.6 | -31.3 | -22.3 | 10.7 | · | · | · | |
| Interest Coverage | · | · | · | · | 2.0 | 1.6 | 1.2 | 1.1 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | · | · | |
| Receivables Turnover | 25.7 | 27.6 | 26.7 | 27.2 | 24.0 | 23.3 | 21.6 | 23.4 | · | · |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -4.1% | -3.1% | -4.3% | -4.4% | 2.0% | · | · | · | · | · | |
| Revenue CAGR 3Y | -3.8% | -3.9% | -2.3% | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -2.8% | · | · | · | · | · | · | · | · | · | |
| EPS YoY | · | · | -72.1% | -79.9% | 185.3% | · | · | · | · | · | |
| EPS CAGR 3Y | · | · | -45.7% | · | · | · | · | · | · | · | |
| Net Income YoY | · | · | -72.7% | -80.3% | 127.0% | · | · | · | · | · | |
| Net Income CAGR 3Y | · | · | -50.4% | · | · | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $8.59B | $8.95B | $9.24B | $9.65B | $10.09B | $9.89B | $9.76B | $9.57B | $9.31B | · | |
| Net Income TTM | $-1.87B | $-103M | $53M | $195M | $990M | $436M | $139M | $19M | $1.49B | · | |
| Market Cap | · | · | · | · | · | $18.04B | $17.31B | $11.71B | · | · | |
| Enterprise Value | · | · | · | · | · | $44.49B | $41.02B | $11.51B | · | · | |
| P/E | -0.4 | -11.0 | 27.1 | 10.7 | 7.6 | 50.5 | 130.2 | 550.7 | · | · | |
| P/S | · | · | · | · | · | 1.8 | 1.8 | 1.2 | · | · | |
| P/B | · | · | · | · | · | -15.8 | 7.6 | 3.2 | · | · | |
| P / Cash Flow | · | · | · | · | · | 6.1 | 6.8 | 4.7 | · | · | |
| P / FCF | · | · | · | · | · | 9.5 | 14.4 | 8.6 | · | · | |
| EV / EBITDA | · | · | · | · | · | 10.6 | 10.0 | 2.8 | · | · | |
| EV / FCF | · | · | · | · | · | 23.3 | 34.2 | 8.5 | · | · | |
| EV / Revenue | · | · | · | · | · | 4.5 | 4.2 | 1.2 | · | · | |
| Dividend Yield | · | · | · | · | · | 0.00% | 0.00% | 12.8% | · | · | |
| Earnings Yield | -242.4% | -9.1% | 3.7% | 9.3% | 13.2% | 2.0% | 0.77% | 0.18% | · | · | |
| Payout Ratio | · | · | · | · | · | 0.00% | 0.00% | 7964.4% | · | · | |
| Annual Payout | · | · | · | · | · | $0 | $0 | $1.50B | · | · |
Income Statement 13
| 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 | $2.02B | $2.07B | $2.18B | $2.11B | $2.15B | $2.15B | $2.24B | $2.23B | $2.24B | $2.25B | $2.30B | $2.32B | $2.32B | $2.29B | $2.37B | $2.39B | |
| Cost of Revenue | $588M | $631M | $665M | $639M | $663M | $671M | $722M | $711M | $719M | $744M | $745M | $751M | $762M | $772M | $776M | $782M | |
| Operating Expenses | $1.86B | $4.43B | $1.79B | $3.27B | $1.84B | $1.81B | $1.89B | $1.78B | $1.74B | $1.86B | $2.00B | $1.82B | $1.84B | $1.87B | $2.07B | $1.93B | |
| Operating Income | $166M | $-2.36B | $398M | $-1.16B | $311M | $343M | $341M | $445M | $502M | $393M | $302M | $493M | $482M | $425M | $301M | $467M | |
| Other Non-op | $-315.0K | $-529.0K | $-663.0K | $-591.0K | $-834.0K | $-963.0K | $-1M | $-1M | $-1M | $-2M | $-2M | $-1M | $-2M | $10M | $339.0K | $3M | |
| Pretax Income | $-321M | $-2.92B | $-84M | $-1.62B | $-136M | $-87M | $-92M | $-51M | $71M | $-10M | $-181M | $103M | $135M | $62M | $-49M | $133M | |
| Income Tax | $-39M | $-45M | $-32M | $-1M | $-48M | $-16M | $-46M | $-10M | $49M | $3M | $-67M | $27M | $49M | $30M | $143M | $36M | |
| Net Income | $-292M | $-2.88B | $-71M | $-1.63B | $-96M | $-76M | $-54M | $-43M | $15M | $-21M | $-118M | $67M | $78M | $26M | $-193M | $85M | |
| EPS (Basic) | $-0.67 | $-6.10 | $-0.16 | $-3.47 | $-0.21 | $-0.16 | $-0.11 | $-0.09 | $0.03 | $-0.05 | $-0.26 | $0.15 | $0.17 | $0.06 | $-0.42 | $0.19 | |
| EPS (Diluted) | $-0.67 | $-6.10 | $-0.16 | $-3.47 | $-0.21 | $-0.16 | $-0.11 | $-0.09 | $0.03 | $-0.05 | $-0.26 | $0.15 | $0.17 | $0.06 | $-0.42 | $0.19 | |
| Shares (Basic) | 445,703,000 | 472,420,000 | -933,500,000 | 468,676,000 | 467,744,000 | 464,862,000 | -918,102,000 | 460,626,000 | 459,995,000 | 457,369,000 | -909,381,000 | 454,730,000 | 454,688,000 | 454,686,000 | -906,454,000 | 453,239,000 | |
| Shares (Diluted) | 445,703,000 | 472,420,000 | -933,500,000 | 468,676,000 | 467,744,000 | 464,862,000 | -918,102,000 | 460,626,000 | 459,995,000 | 457,369,000 | -910,324,000 | 455,076,000 | 454,688,000 | 455,594,000 | -906,567,000 | 453,390,000 | |
| EBITDA | $573M | · | · | $-749M | $721M | $762M | · | $831M | $897M | $782M | · | $895M | $901M | $841M | · | $913M |
Balance Sheet 26
| 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 | $1.30B | $1.05B | $1.01B | $939M | $247M | $279M | $257M | · | · | · | · | · | · | · | · | · | |
| Receivables | $310M | $301M | $336M | $328M | $300M | $299M | $332M | · | · | · | · | · | · | · | · | · | |
| Prepaid Expense | $267M | $260M | $189M | $174M | $192M | $191M | $142M | · | · | · | · | · | · | · | · | · | |
| Current Assets | $1.94B | $1.67B | $1.64B | $1.52B | $739M | $769M | $731M | · | · | · | · | · | · | · | · | · | |
| PP&E (Net) | $8.26B | $8.27B | $8.35B | $8.43B | $8.46B | $8.42B | $8.41B | · | · | · | · | · | · | · | · | · | |
| PP&E (Gross) | · | · | $18.19B | · | · | · | $17.18B | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $10.39B | $10.13B | $9.84B | $9.56B | $9.24B | $9.01B | $8.76B | · | · | · | · | · | · | · | · | · | |
| Goodwill | $8.04B | $8.04B | $8.04B | $8.04B | $8.04B | $8.04B | $8.04B | · | · | · | $8.04B | · | · | · | $8.21B | · | |
| Intangibles | $581M | $641M | $702M | $765M | $815M | $887M | $961M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $140M | $107M | $120M | $123M | $99M | $96M | $94M | · | · | · | · | · | · | · | · | · | |
| Total Assets | $28.08B | $27.87B | $30.70B | $30.73B | $31.62B | $31.68B | $31.70B | · | · | · | · | · | · | · | · | · | |
| Accounts Payable | $783M | $799M | $817M | $776M | $925M | $943M | $971M | · | · | · | · | · | · | · | · | · | |
| Current Liabilities | $6.07B | $1.97B | $2.05B | $1.98B | $2.24B | $2.15B | $2.25B | · | · | · | · | · | · | · | · | · | |
| Capital Leases | $233M | $244M | $250M | $256M | $262M | $263M | $255M | · | · | · | · | · | · | · | · | · | |
| Deferred Tax | $4.04B | $4.12B | $4.23B | $4.28B | $4.20B | $4.33B | $4.46B | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $338M | $316M | $316M | $313M | $330M | $312M | $320M | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $33.08B | $33.04B | $33.00B | $32.97B | $32.24B | $32.21B | $32.16B | · | · | · | · | · | · | · | · | · | |
| Long-term Debt | $26.55B | $26.44B | $26.21B | $26.24B | $25.29B | $25.30B | $25.06B | · | · | · | · | · | · | · | · | · | |
| Total Debt | $26.55B | · | · | $26.24B | $25.29B | $25.30B | · | · | · | · | · | · | · | · | · | · | |
| Paid-in Capital | $245M | $251M | $253M | $256M | $248M | $237M | $234M | · | · | · | · | · | · | · | · | · | |
| Retained Earnings | $-5.75B | $-5.46B | $-2.57B | $-2.50B | $-876M | $-780M | $-704M | · | · | · | · | · | · | · | · | · | |
| Treasury Stock | $57M | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | · | · | · | · | · | · | · | · | · | |
| AOCI | $7M | $2M | $2M | $-1M | $-772.0K | $-5M | $-4M | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $-5.55B | $-5.20B | $-2.31B | $-2.24B | $-624M | $-543M | $-469M | · | · | · | · | · | · | · | · | · | |
| Liabilities + Equity | $28.08B | $27.87B | $30.70B | $30.73B | $31.62B | $31.68B | $31.70B | · | · | · | · | · | · | · | · | · | |
| Shares Outstanding | 283,694,377 | 293,263,749 | · | 285,388,630 | 284,420,951 | 283,502,205 | · | · | · | · | · | · | · | · | · | · |
Cash Flow 14
| 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 | $407M | $406M | $453M | $415M | $410M | $418M | $472M | $386M | $396M | $388M | $407M | $402M | $419M | $416M | $446M | $446M | |
| Stock-based Comp | $6M | $15M | $20M | $12M | $16M | $15M | $17M | $20M | $16M | $14M | $19M | $16M | $16M | $-3M | $46M | $37M | |
| Deferred Tax | $-89M | $-111M | $-45M | $83M | $-133M | $-127M | $-389M | $3M | $-96M | $87M | $-40M | $-74M | $-56M | $-57M | $126M | $-32M | |
| Amort. of Intangibles | · | · | · | · | · | · | $75M | $73M | $83M | $84M | $92M | $91M | $103M | $106M | $128M | $135M | |
| Restructuring | $207M | $2.73B | · | $1.57B | $67M | $22M | · | $11M | $-47M | $51M | · | $4M | $5M | $30M | · | · | |
| Other Non-cash | · | · | · | · | · | $-43M | · | · | · | $-68M | · | · | · | $35M | · | · | |
| Operating Cash Flow | $228M | $170M | $482M | $147M | $412M | $187M | $440M | $436M | $307M | $400M | $496M | $474M | $439M | $417M | $461M | $629M | |
| CapEx | $320M | $308M | $282M | $326M | $384M | $356M | $390M | $359M | $348M | $336M | $295M | $353M | $473M | $583M | $543M | $494M | |
| Investing Cash Flow | $-318M | $-305M | $-283M | $-265M | $-382M | $-364M | $-410M | $-360M | $-350M | $-336M | $-295M | $-353M | $-475M | $-583M | $-545M | $-498M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Financing Cash Flow | $341M | $106M | $-101M | $914M | $-63M | $199M | $-24M | $-188M | $121M | $-81M | $-168M | $-70M | $34M | $81M | $139M | $-114M | |
| Net Change in Cash | $251M | $-28M | $98M | $796M | $-32M | $23M | $7M | $-112M | $78M | $-18M | $34M | $49M | $-1M | $-85M | $55M | $18M | |
| Taxes Paid | $74M | $10M | $52M | $35M | $74M | $-1M | $44M | $35M | $165M | $11M | $42.0K | $80M | $108M | $13M | $32M | $30M | |
| Free Cash Flow | · | · | · | · | · | $-169M | · | · | · | $64M | · | · | · | $-166M | · | · |
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 | 8.2% | · | · | -55.2% | 14.5% | 16.0% | · | 20.0% | 22.4% | 17.5% | · | 21.3% | 20.7% | 18.5% | · | 19.5% | |
| Net Margin | -14.4% | · | · | -77.1% | -4.5% | -3.5% | · | -1.9% | 0.69% | -0.94% | · | 2.9% | 3.4% | 1.1% | · | 3.5% | |
| Pretax Margin | -15.8% | · | · | -77.0% | -6.3% | -4.0% | · | -2.3% | 3.2% | -0.44% | · | 4.4% | 5.8% | 2.7% | · | 5.6% | |
| EBITDA Margin | 28.3% | · | · | -35.5% | 33.6% | 35.4% | · | 37.3% | 40.1% | 34.7% | · | 38.6% | 38.8% | 36.7% | · | 38.1% | |
| ROA | -0.98% | · | · | -5.0% | -0.29% | -0.23% | · | · | · | · | · | · | · | · | · | · | |
| ROE | 9.4% | · | · | 2017.4% | -10.1% | -6.2% | · | · | · | · | · | · | · | · | · | · | |
| ROIC | 0.70% | · | · | -4.9% | 0.82% | 1.1% | · | · | · | · | · | · | · | · | · | · |
Liquidity & Solvency 4
| 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 | 0.3 | · | · | 0.8 | 0.3 | 0.4 | · | · | · | · | · | · | · | · | · | · | |
| Quick Ratio | 0.3 | · | · | 0.6 | 0.2 | 0.3 | · | · | · | · | · | · | · | · | · | · | |
| Debt / Equity | -4.8 | · | · | -11.7 | -40.5 | -46.6 | · | · | · | · | · | · | · | · | · | · | |
| LT Debt / Equity | -4.0 | · | · | -11.7 | -40.4 | -46.3 | · | · | · | · | · | · | · | · | · | · |
Efficiency 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | · | · | 0.1 | 0.1 | 0.1 | · | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | 6.6 | · | · | 5.5 | 6.0 | 6.1 | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| 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 | $8.34B | $8.47B | · | $8.64B | $8.77B | $8.87B | · | $9.04B | $9.13B | $9.19B | · | $9.33B | $9.47B | $9.57B | · | $9.85B | |
| Net Income TTM | $-4.90B | $-4.68B | · | $-1.84B | $-200M | $-124M | · | $18M | $139M | $150M | · | $256M | $295M | $414M | · | $655M | |
| Market Cap | $411M | · | · | $688M | $609M | $754M | · | · | · | · | · | · | · | · | · | · | |
| Enterprise Value | $25.67B | · | · | $25.99B | $25.65B | $25.77B | · | · | · | · | · | · | · | · | · | · | |
| P/E | -0.1 | -0.1 | · | -0.6 | -5.0 | -9.9 | · | 61.5 | 6.8 | 7.9 | · | 5.7 | 4.6 | 3.8 | · | 4.1 | |
| P/S | 0.0 | · | · | 0.1 | 0.1 | 0.1 | · | · | · | · | · | · | · | · | · | · | |
| P/B | -0.1 | · | · | -0.3 | -1.0 | -1.4 | · | · | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | · | · | · | · | 4.0 | · | · | · | · | · | · | · | · | · | · | |
| P / FCF | · | · | · | · | · | -4.5 | · | · | · | · | · | · | · | · | · | · | |
| EV / EBITDA | 44.8 | · | · | -34.7 | 35.6 | 33.8 | · | · | · | · | · | · | · | · | · | · | |
| EV / FCF | · | · | · | · | · | -152.8 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 3.1 | · | · | 3.0 | 2.9 | 2.9 | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | -720.7% | -764.6% | · | -163.1% | -20.1% | -10.2% | · | 1.6% | 14.7% | 12.6% | · | 17.4% | 21.5% | 26.6% | · | 24.5% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | |
|---|---|---|---|---|---|
| Revenue | $8.59B | $8.95B | — | — | — |
| Operating Margin % | -1.3% | 18.8% | — | — | — |
| Net Income | $-1.87B | $-103M | — | — | — |
| Diluted EPS | $-4.00 | $-0.22 | — | — | — |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | |
|---|---|---|---|---|---|
| Debt / Equity | -11.3 | -53.4 | — | — | — |
| Current Ratio | 0.8 | 0.3 | — | — | — |
| Quick Ratio | 0.7 | 0.3 | — | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-119M | $149M | — | — | — |
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Institutional owners (13F) 218 filers · $259.2M 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 |
|---|---|---|---|---|
| 73 (+46 vs prior Q) | 35 (+13 vs prior Q) | 62 (+6 vs prior Q) | 43 (-5 vs prior Q) | -16.5M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| MILFAM LLC | $23,084,716 | 15,920,494 | 8.91% | Shares |
| Kite Lake Capital Management (UK) LLP | $18,622,679 | 12,843,227 | 7.18% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $17,584,756 | 12,127,418 | 6.78% | Shares |
| JPMORGAN CHASE & CO | $13,348,461 | 8,781,882 | 5.15% | Shares |
| BW Gestao de Investimentos Ltda. | $12,174,110 | 8,395,938 | 4.70% | Shares |
| MILLENNIUM MANAGEMENT LLC | $11,198,817 | 7,723,322 | 4.32% | Shares |
| STATE STREET CORP | $10,598,539 | 7,309,337 | 4.09% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $8,561,623 | 5,902,870 | 3.30% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $7,943,757 | 5,478,453 | 3.06% | Shares |
| Balyasny Asset Management L.P. | $7,838,174 | 5,405,637 | 3.02% | Shares |
| REDWOOD CAPITAL MANAGEMENT, LLC | $7,524,442 | 5,189,270 | 2.90% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $6,925,371 | 4,776,118 | 2.67% | Shares |
| Empyrean Capital Partners, LP | $6,402,703 | 14,039,012 | 2.47% | Shares |
| BW Gestao de Investimentos Ltda. | $5,800,000 | 4,000,000 | 2.24% | Call option |
| RENAISSANCE TECHNOLOGIES LLC | $5,766,505 | 3,976,900 | 2.22% | Shares |
| Mount Capital Ltd | $5,640,013 | 3,889,664 | 2.18% | Shares |
| Silver Rock Financial LP | $5,510,000 | 3,800,000 | 2.13% | Shares |
| BARCLAYS PLC | $5,433,280 | 3,747,089 | 2.10% | Shares |
| CITADEL ADVISORS LLC | $5,256,250 | 3,625,000 | 2.03% | Shares |
| ARES MANAGEMENT LLC | $5,143,843 | 3,547,478 | 1.98% | Shares |
| Cerberus Capital Management, L.P. | $4,844,138 | 3,340,785 | 1.87% | Shares |
| KING STREET CAPITAL MANAGEMENT, L.P. | $4,531,250 | 3,125,000 | 1.75% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,160,294 | 2,869,168 | 1.60% | Shares |
| Helix Partners Management LP | $3,654,000 | 2,520,000 | 1.41% | Shares |
| Point72 Asset Management, L.P. | $3,109,508 | 2,144,488 | 1.20% | Shares |
| NOMURA HOLDINGS INC | $2,863,301 | 1,974,690 | 1.10% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $2,615,926 | 1,804,087 | 1.01% | Shares |
| Ursa Fund Management, LLC | $2,099,310 | 1,447,800 | 0.81% | Put option |
| Ursa Fund Management, LLC | $2,041,383 | 1,407,850 | 0.79% | Shares |
| Taconic Capital Advisors LP | $1,976,088 | 1,362,819 | 0.76% | Shares |
| ALGERT GLOBAL LLC | $1,657,370 | 1,143,014 | 0.64% | Shares |
| MHR FUND MANAGEMENT LLC | $1,552,660 | 1,070,800 | 0.60% | Shares |
| HG Vora Capital Management, LLC | $1,452,529 | 1,001,744 | 0.56% | Shares |
| Clear Street Group Inc. | $1,450,000 | 1,000,000 | 0.56% | Shares |
| Caption Management, LLC | $1,365,030 | 941,400 | 0.53% | Put option |
| Quinn Opportunity Partners LLC | $1,020,208 | 703,592 | 0.39% | Shares |
| GOLDMAN SACHS GROUP INC | $958,285 | 660,886 | 0.37% | Shares |
| Caption Management, LLC | $886,196 | 611,170 | 0.34% | Shares |
| BlackRock, Inc. | $863,871 | 595,773 | 0.33% | Shares |
| Converium Capital Inc. | $842,888 | 581,302 | 0.33% | Shares |
| Jefferies Financial Group Inc. | $797,500 | 550,000 | 0.31% | Call option |
| IEQ CAPITAL, LLC | $774,498 | 534,137 | 0.30% | Shares |
| Swiss National Bank | $773,575 | 533,500 | 0.30% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $760,026 | 524,156 | 0.29% | Shares |
| EJF Capital LP | $725,000 | 500,000 | 0.28% | Shares |
| MILLENNIUM MANAGEMENT LLC | $725,000 | 500,000 | 0.28% | Put option |
| TORNO CAPITAL, LLC | $704,845 | 486,100 | 0.27% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $695,855 | 479,900 | 0.27% | Put option |
| WOLVERINE ASSET MANAGEMENT LLC | $689,389 | 475,441 | 0.27% | Shares |
| FEDERATED HERMES, INC. | $568,771 | 392,256 | 0.22% | Shares |
| ALLSTATE CORP | $559,987 | 386,198 | 0.22% | Shares |
| RHUMBLINE ADVISERS | $533,728 | 368,097 | 0.21% | Shares |
| JANE STREET GROUP, LLC | $530,829 | 366,089 | 0.20% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $525,086 | 403,912 | 0.20% | Shares |
| D. E. Shaw & Co., Inc. | $524,632 | 361,815 | 0.20% | Shares |
| PEAK6 LLC | $497,630 | 343,193 | 0.19% | Shares |
| XTX Topco Ltd | $473,673 | 326,671 | 0.18% | Shares |
| CAXTON ASSOCIATES LP | $465,904 | 193,321 | 0.18% | Shares |
| JANE STREET GROUP, LLC | $441,815 | 304,700 | 0.17% | Put option |
| Schonfeld Strategic Advisors LLC | $435,000 | 300,000 | 0.17% | Shares |
| BLUEFIN CAPITAL MANAGEMENT, LLC | $414,114 | 285,596 | 0.16% | Shares |
| Engineers Gate Manager LP | $386,818 | 266,771 | 0.15% | Shares |
| Bank of New York Mellon Corp | $348,925 | 240,638 | 0.13% | Shares |
| CITADEL ADVISORS LLC | $316,825 | 218,500 | 0.12% | Put option |
| EQUITEC PROPRIETARY MARKETS, LLC | $310,010 | 213,800 | 0.12% | Shares |
| ALLIANCEBERNSTEIN L.P. | $307,450 | 236,500 | 0.12% | Shares |
| Corient Private Wealth LP | $305,933 | 210,988 | 0.12% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $294,778 | 226,752 | 0.11% | Shares |
| 683 Capital Management, LLC | $294,507 | 203,108 | 0.11% | Shares |
| Mariner, LLC | $278,721 | 192,251 | 0.11% | Shares |
| Man Group plc | $263,282 | 181,574 | 0.10% | Shares |
| BANK OF AMERICA CORP /DE/ | $258,300 | 178,138 | 0.10% | Shares |
| Quarry LP | $246,673 | 170,119 | 0.10% | Shares |
| READYSTATE ASSET MANAGEMENT LP | $229,405 | 158,210 | 0.09% | Shares |
| Cerity Partners LLC | $227,340 | 156,786 | 0.09% | Shares |
| EQUITEC PROPRIETARY MARKETS, LLC | $223,155 | 153,900 | 0.09% | Put option |
| PRELUDE CAPITAL MANAGEMENT, LLC | $217,500 | 150,000 | 0.08% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $216,417 | 149,253 | 0.08% | Shares |
| MetLife Investment Management, LLC | $214,854 | 148,175 | 0.08% | Shares |
| CITIGROUP INC | $191,680 | 132,193 | 0.07% | Shares |
| Russell Investments Group, Ltd. | $184,299 | 127,103 | 0.07% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $178,006 | 122,763 | 0.07% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $174,537 | 194,111 | 0.07% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $172,551 | 119,001 | 0.07% | Shares |
| VANGUARD GROUP INC | $165,277 | 100,168 | 0.06% | Shares |
| Lido Advisors, LLC | $164,852 | 113,691 | 0.06% | Shares |
| MACKENZIE FINANCIAL CORP | $159,889 | 110,268 | 0.06% | Shares |
| DoubleLine ETF Adviser LP | $158,823 | 109,533 | 0.06% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $152,156 | 104,935 | 0.06% | Shares |
| KLP KAPITALFORVALTNING AS | $151,235 | 104,300 | 0.06% | Shares |
| Creative Planning | $147,929 | 102,020 | 0.06% | Shares |
| Vanguard Global Advisers, LLC | $145,244 | 100,168 | 0.06% | Shares |
| Invesco Ltd. | $143,721 | 99,118 | 0.06% | Shares |
| Warberg Asset Management LLC | $143,681 | 99,090 | 0.06% | Shares |
| Verition Fund Management LLC | $132,008 | 91,040 | 0.05% | Shares |
| HSBC HOLDINGS PLC | $129,384 | 90,796 | 0.05% | Shares |
| JANUS HENDERSON GROUP PLC | $123,060 | 94,299 | 0.05% | Shares |
| Calamos Advisors LLC | $119,487 | 82,405 | 0.05% | Shares |
| Verition Fund Management LLC | $114,550 | 79,000 | 0.04% | Put option |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $110,561 | 76,249 | 0.04% | Shares |
Company insiders 23 insiders · 9 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Dennis Mathew | Chairman and CEO | May 29, 2026 D | 2,759,448 | 0 | 0 | $0 |
| Marc Sirota | Chief Financial Officer | May 29, 2026 D | 1,034,406 | 0 | 0 | $0 |
| Michael C. Parker | President of Consumer Services | May 29, 2026 D | 1,011,488 | 0 | 0 | $0 |
| Abdelhakim Boubazine | President & COO | Dec. 22, 2020 J | 1,385,498 | 0 | 0 | $0 |
| Maria Bruzzese | Chief Accounting Officer | April 8, 2026 F | 450,658 | 0 | 0 | $0 |
| Colleen Schmidt | EVP Human Resources | Dec. 29, 2024 F | 1,043,566 | 0 | 0 | $0 |
| Layth Taki | Chief Accounting Officer | June 15, 2022 A | 200,615 | 0 | 0 | $0 |
| Victoria Mink | SVP & Chief Accounting Officer | Sept. 13, 2018 S | 189,143 | 0 | 0 | $0 |
| Lisa Rosenblum | Vice Chairman | June 21, 2018 X | 148,037 | 0 | 0 | $0 |
| Mark Mullen | Director | May 29, 2026 D | 105,697 | 0 | 0 | $0 |
| Charles Stewart | Director | May 29, 2026 D | 13,925 | 0 | 0 | $0 |
| Dexter Goei | Director | May 29, 2026 D | 3,546,441 | 0 | 8 | $-5,507,665 |
| Raymond Svider | Director | May 29, 2026 D | 139,897 | 0 | 0 | $0 |
| Susan C Schnabel | Director | May 29, 2026 D | 125,697 | 0 | 0 | $0 |
| Gerrit Jan Bakker | Director | Nov. 22, 2021 P | 48,451 | 0 | 0 | $0 |
| Manon Brouillette | Director | April 28, 2021 A | — | 0 | 0 | $0 |
| Patrick Drahi | Director | June 10, 2020 A | 8,317,223 | 0 | 0 | $0 |
| Dennis Okhuijsen | Director | June 10, 2019 S | 0 | 0 | 0 | $0 |
| Michel Combes | Director | June 27, 2017 P | 30,000 | 0 | 0 | $0 |
| Canada Pension Plan Investment Board | 10% owner | June 27, 2017 S | 42,265,874 | 0 | 0 | $0 |
| Michael Olsen | — | Aug. 3, 2026 S | 868,454 | 0 | 7 | $-540,400 |
| Michael Grau | — | March 1, 2023 D | 646,779 | 0 | 0 | $0 |
| David Connolly | — | April 8, 2019 C | 299,758 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 32 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 |
|---|---|---|---|---|
| EBIT · Harbor ETF Trust | 0.58% | 41,632 NS | April 30, 2026 | N-PORT |
| DFVE · DoubleLine ETF Trust | 0.20% | 42,807 NS | March 31, 2026 | N-PORT |
| FCOM · FIDELITY COVINGTON TRUST | 0.02% | 259,074 NS | April 30, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 197,001 SH | Aug. 8, 2026 | Daily |
| VOX · VANGUARD WORLD FUND | 0.02% | 959,793 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 115,086 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 1,545,569 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.01% | 1,807,610 SH | Aug. 8, 2026 | Daily |
| FNDX · SCHWAB STRATEGIC TRUST | 0.01% | 2,867,290 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.01% | 137,436 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 6,082,426 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.00% | 413,829 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.00% | 12,305 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 1,276,922 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 9,622 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.00% | 331,037 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.00% | 9,732 NS | May 31, 2026 | N-PORT |
| PRF · Invesco Exchange-Traded Fund Trust | 0.00% | 197,681 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 13,066 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 244 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 8,639 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 358,970 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 75,864 SH | Aug. 8, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 46,072 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 162,415 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 7,515 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 3,124,229 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 8,724,224 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.00% | 43,570 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 18,439 SH | Aug. 8, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 5,660 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 200 NS | April 30, 2026 | N-PORT |