PRLB Proto Labs, Inc. Common stock
$87.71
Price · Aug 18, 2026
Fundamentals as of Jul 31, 2026
52W Range
$45–$93
89% of range
Analyst Rating
BUY
11 analysts
Price Target
$96
+9% upside
P/E (TTM)
100.4
ROE
3.2%
Net Profit Margin
4.0%
About Proto Labs, Inc. Common stock Company overview from Wikipedia
Protolabs is a company that provides rapid manufacturing of 3D printed, CNC-machined, sheet metal, and injection-molded custom parts for prototyping and production. Markets like medical devices, aerospace, electronics, appliances, automotive and consumer products use these parts. Protolabs' headquarters are located in Maple Plain, Minnesota, with Minnesota-based manufacturing facilities in Plymouth, Brooklyn Park, and Rosemount, along with additional facilities in Nashua, New Hampshire and Cary, North Carolina. Outside the U.S., the company has manufacturing facilities in England and Germany, in addition to its supplier network of 250 manufacturing partners around the world.
Read more
Protolabs is a company that provides rapid manufacturing of 3D printed, CNC-machined, sheet metal, and injection-molded custom parts for prototyping and production. Markets like medical devices, aerospace, electronics, appliances, automotive and consumer products use these parts. Protolabs' headquarters are located in Maple Plain, Minnesota, with Minnesota-based manufacturing facilities in Plymouth, Brooklyn Park, and Rosemount, along with additional facilities in Nashua, New Hampshire and Cary, North Carolina. Outside the U.S., the company has manufacturing facilities in England and Germany, in addition to its supplier network of 250 manufacturing partners around the world.
In 2025, the company shifted its strategy to focus on both custom prototyping and end-use production parts to serve engineers, buyers, and procurement teams across the full manufacturing life cycle.
History
Protomold
In 1999, Larry Lukis founded the Protomold Company, Inc., that specialized in the quick-turn manufacture of custom plastic injection molded parts. Protomold was recognized for its small batch molded parts and rush orders. He previously ran ColorSpan, an original equipment manufacturer that produces printers and desktop publishing systems. He was the chief technology officer of Protomold. Later, in 2001, Brad Cleveland joined Protomold as CEO and president.
In 2005, Protomold opened up its first UK plant in Telford, England. Two years later, Protomold introduced the Firstcut quick-turn CNC machining service.
Protolabs
In 2009, the company combined its Protomold and Firstcut services under its corporate name, Proto Labs Inc., known colloquially and in official messaging as Protolabs.
In 2009, Protolabs opened a location in Japan to serve Japanese design engineers. In the same year, Firstcut, a service from Protolabs, made available CNC-machined prototype parts in aluminum, as well as ABS, nylon, and PEEK.
In February 2012, Protolabs completed its initial public offering of common stock.
In 2013, Protolabs reached $150 million in revenue. In 2014, Protolabs acquired the North Carolina-based 3-D printing company, FineLine Prototyping Inc. In fall 2016, Protolabs' 3D printing services moved to a new 77,000 sq. ft. facility in Cary, North Carolina. The company also opened a CNC machining plant in Plymouth, Minnesota.
In February 2014, Vicki Holt was named CEO. She was hired to help Protolabs become a billion dollar manufacturing company.
In November 2017, Protolabs acquired RAPID Manufacturing in Nashua, New Hampshire for an aggregate purchase price of $120 million to expand into sheet metal fabrication capabilities.
COVID-19 Pandemic
During the 2019–2020 coronavirus pandemic, Protolabs began producing face shields, plastic clips, and components for coronavirus test kits for use in Minnesota hospitals. The company also collaborated with the University of Minnesota to produce parts for a low-cost ventilator.
2021 - 2025
In January 2021, Protolabs announced an agreement to acquire Amsterdam-based manufacturing platform 3D Hubs for $280 million in cash and stock plus incentives. The acquisition added a distributed model of manufacturing partners to Protolabs’ existing in-house factories and 3D Hubs was ultimately rebranded to Protolabs Network in 2024.
In March 2021, Holt retired and was succeeded as CEO by VP and GM of Americas, Robert Bodor, according to a company announcement.
Bodor led Protolabs through May, 2025, when the company appointed Suresh Krishna as its new president and CEO. Prior to joining Protolabs, Krishna served as president and chief executive officer at Northern Tool + Equipment, a manufacturer and retailer of tools and commercial equipment.
Awards
In 2004, the Minneapolis/St Paul Business Journal named Protomold to the top of its “Growth 50” list.
In 2010 and 2013, Protolabs was awarded the Queen's Awards for Enterprise.
In June 2012, Larry Lukis and Brad Cleveland won the Ernst & Young Entrepreneur of the Year Award for their work with Protolabs.
In 2013 and 2014, Protolabs was recognized by Forbes in the top 5 of America's Best Small Companies.
In 2015, Protolabs was recognized as one of the top-ranked rapid prototyping vendors in the United States by their customers.
In 2016, Workplace Dynamics recognized Protolabs as a top-ranked workplace in Minnesota
In 2016, the Minnesota High Tech Association awarded Protolabs (alongside Recombinetics, Sentera, and 12 other companies) with a Tekne award for its work in advanced manufacturing.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
PRLB Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$87.71
Market Cap
$2.09B
P/E (TTM)
100.4
EPS (TTM)
$0.88
Revenue (TTM)
$533M
Div Yield
—
ROE
3.2%
Debt/Equity
—
52W Range
$45 – $93
PRLB 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
$533M
2016-12-31
→
2025-12-31
EPS
$0.88
2016-12-31
→
2025-12-31
Free Cash Flow
$60M
2016-12-31
→
2025-12-31
Margins
4.0%
2016-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
PRLB
Peer Median
P/E (TTM)
100.4
37.6
P/S (TTM)
3.9
3.3
P/B
3.1
3.1
Price / FCF
35.0
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
PRLB
Peer Median
Gross Margin
44.5%
40.9%
Operating Margin
4.7%
—
Net Profit Margin
4.0%
8.9%
ROA
2.8%
6.6%
ROE
3.2%
11.9%
ROIC
2.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
PRLB
Peer Median
Current Ratio
3.5
2.6
Quick Ratio
3.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
PRLB
Peer Median
Revenue YoY
6.4%
—
Revenue CAGR 3Y
3.0%
—
Revenue CAGR 5Y
4.2%
—
EPS YoY
33.3%
—
Net Income YoY
28.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
PRLB
Peer Median
PRLB Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
11 analysts
- Strong Buy 2 18.2%
- Buy 6 54.5%
- Hold 3 27.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-18
Median
$92.50
Mean
$95.50
Now
$87.71
Low
$87.00
High
$110.00
Median target
$92.50
+5.5%
Mean target
$95.50
+8.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.07%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.60 | $0.55 | 0.05% |
| March 31, 2026 | $0.54 | $0.40 | 0.14% |
| Dec. 31, 2025 | $0.44 | $0.35 | 0.09% |
| Sept. 30, 2025 | $0.47 | $0.40 | 0.07% |
| June 30, 2025 | $0.41 | $0.35 | 0.06% |
| March 31, 2025 | $0.33 | $0.30 | 0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| PRLB | $1.20B | 57.5 | 6.4% | 4.0% | 3.2% | 44.5% |
| SPXC | $9.98B | 39.8 | 14.2% | 10.8% | 12.9% | — |
| WOR | $2.76B | 18.1 | 19.7% | 11.3% | 15.9% | 27.4% |
| HLIO | $1.81B | 37.7 | 4.1% | 5.8% | 5.2% | 32.3% |
| KMT | — | 7.9 | 19.8% | 14.5% | 24.0% | 41.2% |
| GRC | $1.26B | 23.6 | 3.4% | 7.8% | 13.1% | 30.6% |
| MFP | — | — | — | — | — | — |
| EPAC | — | 24.9 | 4.7% | 15.0% | 22.1% | 50.5% |
| AIN | — | -26.1 | -3.9% | -4.9% | -6.9% | 20.6% |
| HLMN | $1.79B | 45.5 | 5.4% | 2.6% | 3.3% | — |
| GHM | $874M | 70.5 | 16.9% | 5.1% | 9.3% | 23.5% |
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 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $533M | $501M | $504M | $488M | $488M | $434M | $459M | $446M | $344M | $298M | $264M | $210M | |
| Cost of Revenue | $296M | $278M | $282M | $273M | $265M | $217M | $223M | $207M | $151M | $131M | $110M | $81M | |
| Gross Profit | $237M | $223M | $222M | $215M | $223M | $218M | $235M | $239M | $194M | $167M | $154M | $128M | |
| R&D Expense | $43M | $41M | $40M | $38M | $44M | $37M | $33M | $29M | $24M | $22M | $18M | $17M | |
| SG&A Expense | $70M | $64M | $66M | $68M | $56M | $52M | $50M | $53M | $41M | $37M | $30M | $22M | |
| Operating Expenses | $212M | $203M | $194M | $313M | $182M | $158M | $155M | $150M | $122M | $105M | $87M | $68M | |
| Operating Income | $25M | $20M | $28M | $-98M | $40M | $60M | $80M | $89M | $72M | $62M | $67M | $61M | |
| Other Non-op | $6M | $5M | $-215.0K | $106.0K | $-158.0K | $3M | $1M | $3M | $2M | $2M | $712.0K | $3.0K | |
| Pretax Income | $31M | $25M | $28M | $-98M | $40M | $63M | $81M | $92M | $74M | $64M | $68M | $61M | |
| Income Tax | $10M | $8M | $11M | $6M | $7M | $12M | $18M | $15M | $23M | $22M | $21M | $19M | |
| Net Income | $21M | $17M | $17M | $-103M | $33M | $51M | $64M | $77M | $52M | $43M | $47M | $42M | |
| EPS (Basic) | $0.89 | $0.66 | $0.66 | $-3.77 | $1.21 | $1.90 | $2.37 | $2.84 | $1.94 | $1.62 | $1.79 | $1.62 | |
| EPS (Diluted) | $0.88 | $0.66 | $0.66 | $-3.77 | $1.21 | $1.89 | $2.35 | $2.81 | $1.93 | $1.61 | $1.77 | $1.60 | |
| Shares (Basic) | 23,922,703 | 25,096,117 | 26,186,533 | 27,409,838 | 27,617,627 | 26,737,425 | 26,866,985 | 26,982,614 | 26,647,610 | 26,365,173 | 26,005,858 | 25,692,699 | |
| Shares (Diluted) | 24,245,199 | 25,212,178 | 26,223,498 | 27,409,838 | 27,653,099 | 26,896,357 | 27,049,423 | 27,278,816 | 26,845,071 | 26,564,639 | 26,320,284 | 26,100,320 | |
| EBITDA | $59M | $56M | $66M | $-59M | $81M | $92M | $111M | $116M | $91M | $79M | $81M | $72M |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $111M | $89M | $84M | $57M | $66M | $128M | $125M | $85M | $37M | $69M | $48M | $43M | |
| Short-term Investments | $17M | $14M | $19M | $24M | $12M | $34M | $35M | $47M | $57M | $39M | $33M | $31M | |
| Receivables | $79M | $67M | $73M | $76M | $80M | $58M | $57M | $59M | $52M | $34M | $36M | $24M | |
| Inventory | $14M | $12M | $14M | $14M | $13M | $11M | $10M | $10M | $11M | $9M | $10M | $6M | |
| Prepaid Expense | $10M | $10M | $9M | $13M | $11M | $11M | $8M | $9M | $6M | $6M | $5M | $3M | |
| Current Assets | $234M | $195M | $201M | $187M | $183M | $242M | $236M | $215M | $165M | $158M | $138M | $108M | |
| PP&E (Net) | $215M | $227M | $254M | $258M | $280M | $283M | $264M | $228M | $166M | $139M | $125M | $92M | |
| PP&E (Gross) | $503M | $490M | $484M | $458M | $462M | $433M | $386M | $324M | $241M | $197M | $172M | $129M | |
| Accum. Depreciation | $288M | $262M | $230M | $200M | $182M | $151M | $122M | $96M | $74M | $58M | $47M | $37M | |
| Goodwill | $274M | $274M | $274M | $274M | $401M | $129M | $129M | $129M | $129M | $29M | $29M | $29M | |
| Intangibles | $19M | $21M | $26M | $31M | $38M | $14M | $17M | $20M | $19M | $3M | $3M | $4M | |
| Other Non-current Assets | $4M | $5M | $5M | $5M | $4M | $5M | $3M | $3M | $3M | $933.0K | $517.0K | $227.0K | |
| Total Assets | $763M | $744M | $772M | $802M | $929M | $744M | $674M | $619M | $519M | $414M | $361M | $287M | |
| Accounts Payable | $15M | $16M | $16M | $17M | $25M | $18M | $17M | $17M | $16M | $11M | $14M | $8M | |
| Short-term Debt | · | · | · | · | · | · | · | · | $5M | · | · | · | |
| Current Liabilities | $67M | $53M | $50M | $72M | $55M | $50M | $48M | $53M | $44M | $23M | $26M | $19M | |
| Capital Leases | $2M | $2M | $3M | $2M | $2M | $8M | $9M | $0 | · | · | · | · | |
| Deferred Tax | $17M | $14M | $19M | $26M | $36M | $34M | $26M | $20M | $7M | $7M | $4M | $1M | |
| Other Non-current Liabilities | $4M | $5M | $5M | $4M | $6M | $6M | $5M | $5M | $5M | $4M | $3M | $1M | |
| Total Liabilities | $89M | $73M | $77M | $105M | $100M | $100M | $88M | $77M | $58M | $34M | $33M | $21M | |
| Total Debt | · | · | · | · | · | · | · | · | $5M | · | · | · | |
| Common Stock | $24.0K | $24.0K | $26.0K | $27.0K | $28.0K | $27.0K | $27.0K | $27.0K | $27.0K | $26.0K | $26.0K | $26.0K | |
| Retained Earnings | $241M | $244M | $256M | $258M | $377M | $363M | $325M | $291M | $225M | $177M | $134M | $87M | |
| AOCI | $-21M | $-28M | $-28M | $-34M | $-17M | $-3M | $-7M | $-8M | $-5M | $-11M | $-5M | $-3M | |
| Stockholders' Equity | $674M | $670M | $695M | $698M | $828M | $644M | $586M | $541M | $461M | $380M | $328M | $266M | |
| Liabilities + Equity | $763M | $744M | $772M | $802M | $929M | $744M | $674M | $619M | $519M | $414M | $361M | $287M | |
| Shares Outstanding | 23,627,422 | 24,226,088 | 25,721,957 | 26,888,425 | 27,465,945 | 26,776,796 | 26,786,459 | 26,984,747 | 26,828,651 | 26,504,868 | 26,200,718 | 25,838,110 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $34M | $36M | $38M | $39M | $40M | $33M | $31M | $27M | $18M | $17M | $14M | $11M | |
| Stock-based Comp | $16M | $17M | $16M | $18M | $19M | $15M | $11M | $11M | $9M | $7M | $6M | $5M | |
| Deferred Tax | $3M | $-5M | $-8M | $-9M | $339.0K | $8M | $6M | $12M | $1M | $3M | $3M | $-2M | |
| Amort. of Intangibles | $4M | $4M | $6M | $6M | $6M | $3M | $4M | $3M | $500.0K | $700.0K | $700.0K | $500.0K | |
| Restructuring | $749.0K | $0 | $0 | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | $808.0K | $14M | $10M | $118M | $-38M | $1M | $5M | $-3M | $2M | $5M | $-11M | $2M | |
| Operating Cash Flow | $75M | $78M | $73M | $62M | $55M | $107M | $116M | $123M | $82M | $77M | $64M | $57M | |
| CapEx | $15M | $9M | $28M | $22M | $34M | $47M | $62M | $87M | $33M | $34M | $44M | $44M | |
| Investing Cash Flow | $-13M | $-14M | $-5M | $-43M | $-95M | $-95M | $-44M | $-63M | $-124M | $-61M | $-64M | · | |
| Net Debt Issued | · | · | · | · | · | $0 | $0 | $-5M | · | · | $-152.0K | $-1M | |
| Stock Repurchased | $43M | $60M | $44M | $30M | $23M | $15M | $34M | $12M | $4M | · | · | · | |
| Net Stock Activity | $-43M | $-60M | $-44M | $-30M | $-23M | $-15M | $-34M | $-12M | $-4M | · | · | · | |
| Financing Cash Flow | $-40M | $-59M | $-42M | $-28M | $-22M | $-11M | $-32M | $-10M | $9M | $5M | $5M | · | |
| Net Change in Cash | $22M | $5M | $27M | $-9M | $-62M | $2M | $40M | $48M | $-32M | $21M | $4M | $290.0K | |
| Taxes Paid | $7M | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $60M | $69M | $45M | $40M | $21M | $60M | $54M | $36M | $49M | $41M | $14M | $14M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.5% | 44.6% | 44.1% | 44.1% | 45.6% | 50.1% | 51.3% | 53.6% | 56.3% | 56.0% | 58.5% | 61.3% | |
| Operating Margin | 4.7% | 4.0% | 5.6% | -20.1% | 8.3% | 13.8% | 17.4% | 20.0% | 21.0% | 20.7% | 25.4% | 28.9% | |
| Net Margin | 4.0% | 3.3% | 3.4% | -21.2% | 6.8% | 11.7% | 13.9% | 17.2% | 15.0% | 14.3% | 17.6% | 19.9% | |
| Pretax Margin | 5.8% | 4.9% | 5.5% | -20.0% | 8.2% | 14.5% | 17.7% | 20.6% | 21.6% | 21.6% | 25.7% | 28.9% | |
| EBITDA Margin | 11.1% | 11.1% | 13.0% | -12.0% | 16.6% | 21.3% | 24.1% | 25.9% | 26.3% | 26.6% | 30.8% | 34.2% | |
| ROA | 2.8% | 2.2% | 2.2% | -12.0% | 4.0% | 7.2% | 9.8% | 13.5% | 11.1% | 11.0% | 14.3% | 16.1% | |
| ROE | 3.2% | 2.5% | 2.5% | -13.7% | 4.0% | 8.0% | 11.1% | 14.3% | 12.3% | 12.1% | 15.7% | 17.4% | |
| ROIC | 2.5% | 2.0% | 2.5% | -14.8% | 4.0% | 7.5% | 10.7% | 13.7% | 10.8% | 10.8% | 14.1% | 15.7% |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.5 | 3.7 | 4.0 | 2.6 | 3.3 | 4.8 | 5.0 | 4.1 | 3.8 | 6.7 | 5.3 | 5.8 | |
| Quick Ratio | 3.1 | 3.2 | 3.5 | 2.2 | 2.9 | 4.4 | 4.6 | 3.6 | 3.3 | 6.1 | 4.5 | 5.2 | |
| Debt / Equity | · | · | · | · | · | · | · | · | 0.0 | · | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.8 | 0.7 | 0.8 | 0.8 | 0.8 | |
| Inventory Turnover | 22.2 | 21.4 | 20.7 | 20.4 | 22.1 | 20.7 | 22.2 | 19.4 | 14.6 | 13.7 | 13.7 | 14.3 | |
| Receivables Turnover | 7.3 | 7.2 | 6.8 | 6.3 | 7.1 | 7.5 | 7.9 | 8.1 | 8.1 | 8.5 | 8.8 | 9.9 |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 6.4% | -0.59% | 3.2% | 0.06% | 12.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 3.0% | 0.87% | 5.1% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 4.2% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 33.3% | 0.00% | · | · | -36.0% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | · | -18.3% | -29.6% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | -14.2% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 28.0% | -3.6% | · | · | -34.4% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | · | -20.8% | -30.3% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -16.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $533M | $501M | $504M | $488M | $488M | $434M | $459M | $446M | $344M | $298M | $264M | $210M | |
| Net Income TTM | $21M | $17M | $17M | $-103M | $33M | $51M | $64M | $77M | $52M | $43M | $47M | $42M | |
| Market Cap | $1.20B | $947M | $1.00B | $686M | $1.41B | $4.11B | $2.72B | $3.04B | $2.76B | $1.36B | $1.67B | $1.74B | |
| Enterprise Value | · | · | · | · | · | · | · | · | $2.67B | · | · | · | |
| P/E | 57.5 | 59.2 | 59.0 | -6.8 | 42.4 | 81.2 | 43.2 | 40.1 | 53.4 | 31.9 | 36.0 | 42.0 | |
| P/S | 2.2 | 1.9 | 2.0 | 1.4 | 2.9 | 9.5 | 5.9 | 6.8 | 8.0 | 4.6 | 6.3 | 8.3 | |
| P/B | 1.8 | 1.4 | 1.4 | 1.0 | 1.7 | 6.4 | 4.6 | 5.6 | 6.0 | 3.6 | 5.1 | 6.5 | |
| P / Tangible Book | 3.1 | 2.5 | 2.5 | 1.7 | 3.6 | 8.2 | · | · | · | · | · | · | |
| P / Cash Flow | 16.0 | 12.2 | 13.7 | 11.1 | 25.5 | 38.4 | 23.4 | 24.8 | 33.8 | 18.2 | 28.5 | 30.3 | |
| P / FCF | 20.0 | 13.8 | 22.2 | 17.0 | 67.1 | 68.5 | 50.5 | 85.0 | 56.3 | 32.9 | 117.6 | 126.6 | |
| EV / EBITDA | · | · | · | · | · | · | · | · | 29.5 | · | · | · | |
| EV / FCF | · | · | · | · | · | · | · | · | 54.5 | · | · | · | |
| EV / Revenue | · | · | · | · | · | · | · | · | 7.8 | · | · | · | |
| Earnings Yield | 1.7% | 1.7% | 1.7% | -14.8% | 2.4% | 1.2% | 2.3% | 2.5% | 1.9% | 3.1% | 2.8% | 2.4% |
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 | $149M | $139M | $136M | $135M | $135M | $126M | $122M | $126M | $126M | $128M | $125M | $131M | $122M | $126M | $116M | $122M | |
| Cost of Revenue | $80M | $76M | $76M | $74M | $75M | $71M | $70M | $68M | $69M | $70M | $69M | $71M | $69M | $72M | $67M | $68M | |
| Gross Profit | $69M | $64M | $60M | $61M | $60M | $56M | $52M | $57M | $57M | $57M | $56M | $59M | $53M | $54M | $49M | $54M | |
| R&D Expense | $11M | $11M | $10M | $11M | $11M | $11M | $10M | $10M | $11M | $11M | $9M | $10M | $10M | $11M | $9M | $9M | |
| SG&A Expense | $20M | $17M | $17M | $17M | $19M | $17M | $15M | $16M | $17M | $16M | $16M | $17M | $16M | $17M | $18M | $16M | |
| Operating Expenses | $58M | $54M | $54M | $52M | $55M | $51M | $53M | $49M | $51M | $51M | $47M | $49M | $48M | $50M | $166M | $48M | |
| Operating Income | $11M | $10M | $7M | $9M | $5M | $5M | $-1M | $9M | $6M | $7M | $8M | $10M | $6M | $4M | $-117M | $6M | |
| Other Non-op | $1M | $1M | $1M | $1M | $2M | $1M | $1M | $1M | $1M | $899.0K | $2M | $320.0K | $-3M | $1M | $429.0K | $-24.0K | |
| Pretax Income | $13M | $11M | $8M | $10M | $7M | $6M | $-282.0K | $10M | $7M | $8M | $10M | $11M | $2M | $5M | $-117M | $6M | |
| Income Tax | $3M | $3M | $2M | $3M | $2M | $2M | $122.0K | $3M | $3M | $2M | $3M | $3M | $3M | $2M | $-2M | $2M | |
| Net Income | $9M | $8M | $6M | $7M | $4M | $4M | $-404.0K | $7M | $5M | $5M | $7M | $8M | $-383.0K | $3M | $-115M | $4M | |
| EPS (Basic) | $0.38 | $0.34 | $0.25 | $0.30 | $0.19 | $0.15 | $-0.02 | $0.29 | $0.18 | $0.21 | $0.26 | $0.31 | $-0.01 | $0.10 | $-4.19 | $0.14 | |
| EPS (Diluted) | $0.37 | $0.33 | $0.25 | $0.30 | $0.18 | $0.15 | $-0.01 | $0.29 | $0.18 | $0.20 | $0.26 | $0.31 | $-0.01 | $0.10 | $-4.19 | $0.14 | |
| Shares (Basic) | 23,969,254 | 23,835,612 | -48,002,164 | 23,889,157 | 23,900,390 | 24,135,320 | -50,822,404 | 24,980,536 | 25,313,036 | 25,624,949 | -52,628,054 | 26,023,830 | 26,210,478 | 26,580,279 | -55,128,939 | 27,505,097 | |
| Shares (Diluted) | 24,415,788 | 24,287,260 | -48,483,276 | 24,191,039 | 24,101,592 | 24,435,844 | -50,968,266 | 25,022,485 | 25,372,972 | 25,784,987 | -52,621,223 | 26,028,456 | 26,210,478 | 26,605,787 | -55,145,679 | 27,508,217 | |
| EBITDA | $19M | · | · | $17M | $14M | $13M | · | $9M | $6M | $16M | · | $10M | $6M | $13M | · | $6M |
Balance Sheet 25
| 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 | $128M | $124M | $111M | $104M | $90M | $83M | $89M | $88M | $96M | $93M | · | $83M | $66M | $62M | · | $59M | |
| Short-term Investments | $15M | $12M | $17M | $15M | $13M | $14M | $14M | $13M | $17M | $17M | · | $19M | $20M | $23M | · | $25M | |
| Receivables | $95M | $86M | $79M | $78M | $78M | $74M | $67M | $69M | $71M | $78M | · | $78M | $75M | $78M | · | $81M | |
| Inventory | $15M | $15M | $14M | $14M | $13M | $13M | $12M | $12M | $12M | $13M | · | $14M | $14M | $14M | · | $15M | |
| Prepaid Expense | $12M | $11M | $10M | $10M | $10M | $10M | $10M | $10M | $10M | $9M | · | $9M | $9M | $11M | · | $12M | |
| Current Assets | $266M | $249M | $234M | $226M | $206M | $194M | $195M | $193M | $208M | $210M | · | $205M | $185M | $189M | · | $192M | |
| PP&E (Net) | $208M | $209M | $215M | $211M | $216M | $221M | $227M | $238M | $244M | $248M | $254M | $243M | $249M | $254M | $258M | $260M | |
| PP&E (Gross) | · | · | $503M | · | · | · | $490M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $288M | · | · | · | $262M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $274M | $274M | $274M | $274M | $274M | $274M | $274M | $274M | $274M | $274M | · | $274M | $274M | $274M | · | $384M | |
| Intangibles | $17M | $18M | $19M | $20M | $20M | $21M | $21M | $23M | $23M | $24M | · | $27M | $28M | $30M | · | $32M | |
| Other Non-current Assets | $4M | $4M | $4M | $5M | $5M | $5M | $5M | $4M | $5M | $5M | · | $4M | $5M | $5M | · | $4M | |
| Total Assets | $791M | $779M | $763M | $757M | $743M | $737M | $744M | $754M | $758M | $770M | · | $784M | $777M | $791M | · | $907M | |
| Accounts Payable | $22M | $20M | $15M | $17M | $16M | $16M | $16M | $15M | $16M | $15M | · | $18M | $16M | $20M | · | $17M | |
| Current Liabilities | $73M | $71M | $67M | $70M | $62M | $62M | $53M | $54M | $51M | $58M | · | $75M | $66M | $78M | · | $61M | |
| Capital Leases | $1M | $1M | $2M | $1M | $1M | $1M | $2M | $2M | $2M | $3M | · | $2M | $2M | $2M | · | $2M | |
| Deferred Tax | $21M | $19M | $17M | $16M | $10M | $12M | $14M | $13M | $15M | $16M | · | $17M | $21M | $23M | · | $27M | |
| Other Non-current Liabilities | $5M | $4M | $4M | $5M | $5M | $5M | $5M | $5M | $5M | $4M | · | $5M | $5M | $5M | · | $6M | |
| Total Liabilities | $100M | $95M | $89M | $92M | $79M | $81M | $73M | $74M | $73M | $82M | · | $99M | $95M | $108M | · | $96M | |
| Common Stock | $24.0K | $24.0K | $24.0K | $23.0K | $23.0K | $23.0K | $24.0K | $25.0K | $26.0K | $26.0K | · | $26.0K | $26.0K | $26.0K | · | $28.0K | |
| Retained Earnings | $254M | $249M | $241M | $239M | $239M | $237M | $244M | $253M | $253M | $253M | · | $251M | $247M | $251M | · | $381M | |
| AOCI | $-23M | $-23M | $-21M | $-25M | $-25M | $-27M | $-28M | $-27M | $-29M | $-29M | · | $-30M | $-29M | $-33M | · | $-47M | |
| Stockholders' Equity | $692M | $683M | $674M | $665M | $665M | $657M | $670M | $680M | $685M | $687M | $695M | $685M | $683M | $683M | $698M | $811M | |
| Liabilities + Equity | $791M | $779M | $763M | $757M | $743M | $737M | $744M | $754M | $758M | $770M | · | $784M | $777M | $791M | · | $907M | |
| Shares Outstanding | 23,921,897 | 23,792,488 | 23,627,422 | 23,677,746 | 23,874,601 | 23,770,640 | 24,226,088 | 24,510,076 | 25,147,616 | 25,316,070 | 25,721,957 | 25,785,903 | 26,095,434 | 26,202,723 | 26,888,425 | 27,326,750 |
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 | $8M | $8M | $8M | $8M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $9M | $10M | |
| Stock-based Comp | $4M | $3M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $5M | |
| Deferred Tax | $2M | $2M | $557.0K | $6M | $-2M | $-2M | $987.0K | $-2M | $-2M | $-2M | $2M | $-4M | $-3M | $-3M | $-579.0K | $-3M | |
| Amort. of Intangibles | $900.0K | $900.0K | $1M | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $900.0K | $1M | $1M | $2M | $2M | $2M | $2M | $2M | |
| Restructuring | $924.0K | $1M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | · | · | · | · | · | $4M | · | · | · | $5M | · | · | · | $10M | · | · | |
| Operating Cash Flow | $15M | $18M | $16M | $29M | $11M | $18M | $17M | $25M | $14M | $21M | $17M | $24M | $9M | $23M | $11M | $21M | |
| CapEx | $6M | $4M | $8M | $4M | $1M | $1M | $830.0K | $2M | $4M | $3M | $18M | $3M | $3M | $3M | $5M | $10M | |
| Investing Cash Flow | $-7M | $-5M | $-6M | $-4M | $-643.0K | $-3M | $-3M | $-14M | $-754.0K | $4M | $-14M | $2M | $3M | $4M | $273.0K | $-7M | |
| Stock Repurchased | $5M | $0 | $6M | $13M | $3M | $21M | $14M | $19M | $11M | $16M | $5M | $9M | $9M | $21M | $17M | $8M | |
| Net Stock Activity | · | · | · | · | · | $-21M | · | · | · | $-16M | · | · | · | $-21M | · | · | |
| Financing Cash Flow | $-5M | $658.0K | $-4M | $-11M | $-3M | $-22M | $-13M | $-19M | $-10M | $-17M | $-3M | $-9M | $-8M | $-22M | $-15M | $-8M | |
| Net Change in Cash | $4M | $13M | $6M | $14M | $8M | $-6M | $1M | $-8M | $3M | $9M | $294.0K | $17M | $4M | $5M | $-3M | $5M | |
| Free Cash Flow | · | · | · | · | · | $17M | · | · | · | $19M | · | · | · | $19M | · | · |
Profitability 8
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 46.4% | · | · | 45.3% | 44.3% | 44.1% | · | 45.6% | 45.0% | 44.9% | · | 45.4% | 43.5% | 42.7% | · | 44.1% | |
| Operating Margin | 7.6% | · | · | 6.5% | 3.7% | 3.6% | · | 6.8% | 4.8% | 5.3% | · | 8.0% | 4.6% | 3.0% | · | 5.0% | |
| Net Margin | 6.1% | · | · | 5.3% | 3.3% | 2.9% | · | 5.7% | 3.6% | 4.1% | · | 6.1% | -0.31% | 2.1% | · | 3.2% | |
| Pretax Margin | 8.4% | · | · | 7.6% | 4.9% | 4.7% | · | 7.9% | 5.9% | 6.0% | · | 8.2% | 1.8% | 4.0% | · | 5.0% | |
| EBITDA Margin | 13.0% | · | · | 12.7% | 10.0% | 10.5% | · | 6.8% | 4.8% | 12.5% | · | 8.0% | 4.6% | 10.4% | · | 5.0% | |
| ROA | 1.2% | · | · | 0.96% | 0.59% | 0.48% | · | 0.93% | 0.59% | 0.67% | · | 0.94% | -0.05% | 0.31% | · | 0.43% | |
| ROE | 1.4% | · | · | 1.1% | 0.66% | 0.54% | · | 1.1% | 0.66% | 0.77% | · | 1.1% | -0.05% | 0.35% | · | 0.48% | |
| ROIC | 1.2% | · | · | 0.93% | 0.50% | 0.41% | · | 0.92% | 0.54% | 0.68% | · | 1.1% | -0.14% | 0.29% | · | 0.49% |
Liquidity & Solvency 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.6 | · | · | 3.2 | 3.3 | 3.1 | · | 3.6 | 4.1 | 3.6 | · | 2.7 | 2.8 | 2.4 | · | 3.2 | |
| Quick Ratio | 3.2 | · | · | 2.8 | 2.9 | 2.8 | · | 3.2 | 3.6 | 3.2 | · | 2.4 | 2.4 | 2.1 | · | 2.7 |
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 | 0.2 | · | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | 5.6 | · | · | 5.6 | 5.9 | 5.4 | · | 5.2 | 5.2 | 5.2 | · | 5.0 | 4.7 | 5.1 | · | 5.6 | |
| Receivables Turnover | 1.7 | · | · | 1.8 | 1.8 | 1.7 | · | 1.7 | 1.7 | 1.6 | · | 1.6 | 1.6 | 1.5 | · | 1.5 |
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 | $559M | $536M | · | $522M | $513M | $505M | · | $510M | $506M | $507M | · | $501M | $497M | $499M | · | $498M | |
| Net Income TTM | $29M | $23M | · | $22M | $20M | $21M | · | $25M | $17M | $15M | · | $14M | $9M | $14M | · | $16M | |
| Market Cap | $1.95B | · | · | $1.18B | $956M | $833M | · | $720M | $777M | $905M | · | $681M | $912M | $869M | · | $996M | |
| P/E | 69.1 | 59.4 | · | 54.4 | 50.0 | 42.7 | · | 30.0 | 45.4 | 59.6 | · | 48.9 | 109.2 | 63.8 | · | 61.7 | |
| P/S | 3.5 | · | · | 2.3 | 1.9 | 1.6 | · | 1.4 | 1.5 | 1.8 | · | 1.4 | 1.8 | 1.7 | · | 2.0 | |
| P/B | 2.8 | · | · | 1.8 | 1.4 | 1.3 | · | 1.1 | 1.1 | 1.3 | · | 1.0 | 1.3 | 1.3 | · | 1.2 | |
| P / Tangible Book | 4.9 | 3.5 | · | 3.2 | 2.6 | 2.3 | · | 1.9 | 2.0 | 2.3 | · | 1.8 | 2.4 | 2.3 | · | 2.5 | |
| P / Cash Flow | · | · | · | · | · | 45.3 | · | · | · | 42.4 | · | · | · | 38.5 | · | · | |
| P / FCF | · | · | · | · | · | 48.7 | · | · | · | 48.3 | · | · | · | 45.4 | · | · | |
| Earnings Yield | 1.5% | 1.7% | · | 1.8% | 2.0% | 2.3% | · | 3.3% | 2.2% | 1.7% | · | 2.1% | 0.92% | 1.6% | · | 1.6% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $533M | $501M | $504M | $488M | $488M |
| Gross Margin % | 44.5% | 44.6% | 44.1% | 44.1% | 45.6% |
| Operating Margin % | 4.7% | 4.0% | 5.6% | -20.1% | 8.3% |
| Net Income | $21M | $17M | $17M | $-103M | $33M |
| Diluted EPS | $0.88 | $0.66 | $0.66 | $-3.77 | $1.21 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 3.5 | 3.7 | 4.0 | 2.6 | 3.3 |
| Quick Ratio | 3.1 | 3.2 | 3.5 | 2.2 | 2.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $60M | $69M | $45M | $40M | $21M |
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Institutional owners (13F) 287 filers · $1.3B 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 |
|---|---|---|---|---|
| 45 (-7 vs prior Q) | 24 (+5 vs prior Q) | 90 (+14 vs prior Q) | 90 (+18 vs prior Q) | +2.0M |
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 |
|---|---|---|---|---|
| DISCIPLINED GROWTH INVESTORS INC /MN | $194,035,737 | 2,380,514 | 15.29% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $130,396,845 | 1,599,765 | 10.28% | Shares |
| STATE STREET CORP | $92,796,038 | 1,138,462 | 7.31% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $89,190,361 | 1,094,226 | 7.03% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $85,962,321 | 1,054,623 | 6.78% | Shares |
| AMERICAN CAPITAL MANAGEMENT INC | $50,523,566 | 619,845 | 3.98% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $42,795,643 | 524,907 | 3.37% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $38,248,649 | 469,251 | 3.01% | Shares |
| FMR LLC | $36,055,052 | 442,339 | 2.84% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $35,930,912 | 440,816 | 2.83% | Shares |
| PRUDENTIAL FINANCIAL INC | $34,732,226 | 426,110 | 2.74% | Shares |
| Driehaus Capital Management LLC | $30,171,008 | 370,151 | 2.38% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $28,869,864 | 354,188 | 2.28% | Shares |
| S SQUARED TECHNOLOGY, LLC | $23,484,661 | 288,120 | 1.85% | Shares |
| FIRST TRUST ADVISORS LP | $18,322,795 | 224,792 | 1.44% | Shares |
| D. E. Shaw & Co., Inc. | $17,228,443 | 211,366 | 1.36% | Shares |
| Hillsdale Investment Management Inc. | $15,616,827 | 191,594 | 1.23% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $15,367,814 | 188,539 | 1.21% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $14,729,917 | 180,713 | 1.16% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $12,877,520 | 157,987 | 1.02% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $9,819,754 | 120,473 | 0.77% | Shares |
| GAGNON SECURITIES LLC | $9,478,227 | 116,283 | 0.75% | Shares |
| BANK OF AMERICA CORP /DE/ | $9,342,351 | 114,616 | 0.74% | Shares |
| RICE HALL JAMES & ASSOCIATES, LLC | $8,881,656 | 108,964 | 0.70% | Shares |
| Rubric Capital Management LP | $8,859,485 | 108,692 | 0.70% | Shares |
| Public Sector Pension Investment Board | $7,796,024 | 95,645 | 0.61% | Shares |
| MILLENNIUM MANAGEMENT LLC | $7,577,170 | 92,960 | 0.60% | Shares |
| BlackRock, Inc. | $7,048,251 | 86,471 | 0.56% | Shares |
| AMERICAN CENTURY COMPANIES INC | $6,443,854 | 79,056 | 0.51% | Shares |
| JANE STREET GROUP, LLC | $6,255,485 | 76,745 | 0.49% | Shares |
| Nuveen, LLC | $5,824,623 | 71,459 | 0.46% | Shares |
| AMERIPRISE FINANCIAL INC | $5,522,629 | 67,754 | 0.44% | Shares |
| Edgestream Partners, L.P. | $5,363,276 | 65,799 | 0.42% | Shares |
| Informed Momentum Co LLC | $5,282,093 | 64,803 | 0.42% | Shares |
| RHUMBLINE ADVISERS | $4,725,116 | 57,970 | 0.37% | Shares |
| Roubaix Capital, LLC | $4,516,877 | 55,415 | 0.36% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $4,319,217 | 52,989 | 0.34% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $4,186,361 | 51,709 | 0.33% | Shares |
| GOLDMAN SACHS GROUP INC | $3,945,981 | 48,411 | 0.31% | Shares |
| Swiss National Bank | $3,888,027 | 47,700 | 0.31% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $3,731,202 | 45,776 | 0.29% | Shares |
| Campbell & CO Investment Adviser LLC | $3,488,465 | 42,798 | 0.27% | Shares |
| HUSSMAN STRATEGIC ADVISORS, INC. | $3,423,420 | 42,000 | 0.27% | Shares |
| AIMZ Investment Advisors, LLC | $3,156,717 | 38,728 | 0.25% | Shares |
| Point72 Asset Management, L.P. | $3,018,560 | 37,033 | 0.24% | Shares |
| ALGERT GLOBAL LLC | $2,991,009 | 36,695 | 0.24% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $2,971,610 | 36,457 | 0.23% | Shares |
| Legal & General Group Plc | $2,968,513 | 36,419 | 0.23% | Shares |
| ARK Investment Management LLC | $2,886,921 | 35,418 | 0.23% | Shares |
| POLEN CAPITAL MANAGEMENT LLC | $2,853,747 | 35,011 | 0.22% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $2,751,778 | 33,760 | 0.22% | Shares |
| ExodusPoint Capital Management, LP | $2,745,501 | 33,683 | 0.22% | Shares |
| Quantinno Capital Management LP | $2,667,822 | 32,730 | 0.21% | Shares |
| FEDERATED HERMES, INC. | $2,620,057 | 32,144 | 0.21% | Shares |
| AEGON ASSET MANAGEMENT UK Plc | $2,526,810 | 31,000 | 0.20% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $2,513,687 | 30,839 | 0.20% | Shares |
| CITIGROUP INC | $2,438,372 | 29,915 | 0.19% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $2,200,770 | 27,000 | 0.17% | Shares |
| Engineers Gate Manager LP | $2,182,838 | 26,780 | 0.17% | Shares |
| DEUTSCHE BANK AG\ | $2,047,450 | 25,119 | 0.16% | Shares |
| GILDER GAGNON HOWE & CO LLC | $1,734,044 | 21,274 | 0.14% | Shares |
| GABELLI FUNDS LLC | $1,722,469 | 21,132 | 0.14% | Shares |
| SG Capital Management LLC | $1,635,743 | 20,068 | 0.13% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,576,033 | 27,640 | 0.12% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $1,539,316 | 18,885 | 0.12% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,373,933 | 16,856 | 0.11% | Shares |
| Squarepoint Ops LLC | $1,339,943 | 16,439 | 0.11% | Shares |
| State of Wyoming | $1,334,319 | 16,370 | 0.11% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,309,578 | 22,967 | 0.10% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $1,298,862 | 15,935 | 0.10% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $1,183,806 | 23,400 | 0.09% | Shares |
| Trexquant Investment LP | $1,158,991 | 14,219 | 0.09% | Shares |
| MetLife Investment Management, LLC | $1,148,150 | 14,086 | 0.09% | Shares |
| Marks Group Wealth Management, Inc | $1,140,406 | 13,991 | 0.09% | Shares |
| Jump Financial, LLC | $1,075,443 | 13,194 | 0.08% | Shares |
| State of Tennessee, Department of Treasury | $1,061,913 | 13,028 | 0.08% | Shares |
| Haven Private, LLC | $1,056,859 | 12,966 | 0.08% | Shares |
| Amundi | $1,054,821 | 12,941 | 0.08% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,051,479 | 12,900 | 0.08% | Call option |
| BAILARD, INC. | $1,049,930 | 12,881 | 0.08% | Shares |
| Illinois Municipal Retirement Fund | $1,048,952 | 12,869 | 0.08% | Shares |
| TWO SIGMA INVESTMENTS, LP | $1,037,948 | 12,734 | 0.08% | Shares |
| Russell Investments Group, Ltd. | $1,018,956 | 12,501 | 0.08% | Shares |
| STRS OHIO | $1,002,573 | 12,300 | 0.08% | Shares |
| Assenagon Asset Management S.A. | $997,519 | 12,238 | 0.08% | Shares |
| Quadrature Capital Ltd | $977,305 | 11,990 | 0.08% | Shares |
| DIVERSIFIED TRUST CO | $961,410 | 11,795 | 0.08% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $914,950 | 11,225 | 0.07% | Shares |
| Round Rock Advisors LLC | $914,461 | 11,219 | 0.07% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $905,902 | 11,114 | 0.07% | Shares |
| Aquatic Capital Management LLC | $897,996 | 11,017 | 0.07% | Shares |
| Jefferies Financial Group Inc. | $872,972 | 10,710 | 0.07% | Shares |
| Corient Private Wealth LP | $871,425 | 10,691 | 0.07% | Shares |
| Louisiana State Employees Retirement System | $847,704 | 10,400 | 0.07% | Shares |
| ALPS ADVISORS INC | $844,444 | 10,360 | 0.07% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $839,716 | 10,302 | 0.07% | Shares |
| CITADEL ADVISORS LLC | $831,402 | 10,200 | 0.07% | Call option |
| BARCLAYS PLC | $815,834 | 10,009 | 0.06% | Shares |
| Militia Capital Management LLC | $815,100 | 10,000 | 0.06% | Shares |
| RBF Capital, LLC | $815,100 | 10,000 | 0.06% | Shares |
Company insiders 20 insiders · 10 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Bradley A. Cleveland | President and CEO | Nov. 8, 2013 S | 64,235 | 0 | 0 | $0 |
| John R Judd | Chief Financial Officer | Oct. 31, 2013 M | 0 | 0 | 0 | $0 |
| Donald G Krantz | Chief Operating Officer | April 10, 2013 M | 1,250 | 0 | 0 | $0 |
| John B. Tumelty | Managing Dir.-Proto Labs, Ltd. | Jan. 6, 2014 M | 0 | 0 | 0 | $0 |
| Jacqueline D. Schneider | VP Sales & Customer Service | Nov. 12, 2013 M | 1,250 | 0 | 0 | $0 |
| Edward E. Bolton | Vice President, Culture | May 9, 2013 M | 900 | 0 | 0 | $0 |
| Thomas H Pang | Managing Dir.-Proto Labs G.K. | Feb. 15, 2013 A | — | 0 | 0 | $0 |
| William M. Dietrick | Vice President of Marketing | Feb. 15, 2013 A | 1,250 | 0 | 0 | $0 |
| William R. Langton | EVP of Finance | Oct. 2, 2012 M | 0 | 0 | 0 | $0 |
| Mark R. Kubicek | Executive Vice President | Oct. 2, 2012 S | 145,000 | 0 | 0 | $0 |
| Sven Wehrwein | Director | June 2, 2026 S | 32,505 | 0 | 1 | $-115,360 |
| John B Goodman | Director | Nov. 1, 2013 M | 6,250 | 0 | 0 | $0 |
| Rainer Gawlick | Director | Sept. 23, 2013 M | 2,250 | 0 | 0 | $0 |
| Brian K Smith | Director | Sept. 4, 2013 S | 0 | 0 | 0 | $0 |
| Margaret A Loftus | Director | Sept. 3, 2013 S | 61,250 | 0 | 0 | $0 |
| Lawrence J Lukis | Director | Aug. 5, 2013 S | 4,106,840 | 0 | 0 | $0 |
| Matthew C Blodgett | Director | July 9, 2013 J | 1,149 | 0 | 0 | $0 |
| Douglas W Kohrs | Director | May 23, 2013 A | 3,270 | 0 | 0 | $0 |
| Douglas A Kingsley | Director | Feb. 21, 2013 J | 9,330 | 0 | 0 | $0 |
| Protomold Investment Company, LLC | 10% owner | Aug. 22, 2012 J | 1,730,076 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 71 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 |
|---|---|---|---|---|
| BULD · Pacer Funds Trust | 8.57% | 6,460 NS | April 30, 2026 | N-PORT |
| PRNT · ARK ETF Trust | 3.82% | 35,418 NS | April 30, 2026 | N-PORT |
| CVAR · ETF Opportunities Trust | 1.92% | 11,460 NS | April 30, 2026 | N-PORT |
| DTEC · ALPS ETF Trust | 1.36% | 13,408 NS | May 31, 2026 | N-PORT |
| GSC · Goldman Sachs ETF Trust | 0.78% | 26,043 NS | May 31, 2026 | N-PORT |
| RZG · Invesco Exchange-Traded Fund Trust | 0.64% | 10,053 SH | Aug. 8, 2026 | Daily |
| PSCI · Invesco Exchange-Traded Fund Trust … | 0.63% | 13,882 SH | Aug. 8, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.51% | 81,919 NS | April 30, 2026 | N-PORT |
| SMIZ · Zacks Trust | 0.50% | 17,035 NS | May 31, 2026 | N-PORT |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.42% | 21,190 SH | Aug. 8, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.26% | 48,701 NS | April 30, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.23% | 7,567 SH | Aug. 8, 2026 | Daily |
| IJT · iShares Trust | 0.23% | 220,482 SH | Aug. 8, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.21% | 28,321 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.16% | 57,399 NS | May 31, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 0.15% | 8,617 SH | Aug. 8, 2026 | Daily |
| SMDX · Tidal Trust III | 0.15% | 2,898 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.14% | 223,645 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.13% | 3,881 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.13% | 2,820 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.13% | 21,035 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.12% | 15,378 NS | May 31, 2026 | N-PORT |
| IJR · iShares Trust | 0.11% | 1,452,394 SH | Aug. 8, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.11% | 9,565 SH | Aug. 8, 2026 | Daily |
| GINN · Goldman Sachs ETF Trust | 0.11% | 3,059 NS | May 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.10% | 7,636 NS | April 30, 2026 | N-PORT |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.10% | 83,041 SH | Aug. 8, 2026 | Daily |
| SAA · ProShares Trust | 0.08% | 283 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.08% | 24,928 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.07% | 85,444 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.07% | 86,419 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.07% | 616,651 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.06% | 7,317 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.06% | 130,783 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.06% | 138,974 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.06% | 19,302 SH | Aug. 8, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.05% | 11,476 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.05% | 10,292 NS | April 30, 2026 | N-PORT |
| JSTC · Tidal Trust I | 0.05% | 2,048 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.05% | 1,121 NS | May 31, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.04% | 346,110 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.04% | 9,452 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.04% | 114,338 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.04% | 78,714 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.03% | 1,072 SH | Aug. 8, 2026 | Daily |
| VIS · VANGUARD WORLD FUND | 0.03% | 28,748 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.03% | 876 NS | May 31, 2026 | N-PORT |
| TECB · iShares Trust | 0.02% | 1,238 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.02% | 7,162 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.02% | 1,706 SH | Aug. 8, 2026 | Daily |