PROP Prairie Operating Co. - Common Stock

NASDAQ · Energy · View on SEC EDGAR ↗
$0.67
Price · Aug 18, 2026
Fundamentals as of Aug 14, 2026

About Prairie Operating Co. - Common Stock Company overview from Wikipedia

Wizard Entertainment Inc., formerly known as Wizard World, was a producer of multi-genre fan conventions across North America.

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Wizard Entertainment Inc., formerly known as Wizard World, was a producer of multi-genre fan conventions across North America.

The company that became Wizard Entertainment began in 1991 as Wizard Press, the publisher of the monthly magazine Wizard. That company evolved into a multi-title publishing company with diversified interests in branded products and related convention operations. By 2011, the company had discontinued its print division to focus exclusively on its convention business. By 2015, the company had expanded to producing 25 annual conventions around the U.S. In 2021, Wizard sold its convention events business to FanExpo.

Corporate history

Gareb Shamus founded Wizard magazine in January 1991 shortly after he graduated from college. The company was originally based in Congers, New York.

Wizard magazine was successful, and the company expanded its publishing operations with more magazines devoted to other elements of the collectible industry. Wizard purchased the Chicago Comicon in 1997 to expand from its core publishing business into trade/consumer conventions.

In early 2011, the company made some major corporate transitions. First, through an arrangement with Strato Malamas of the holding company GoEnergy, it became a publicly traded company known as Wizard World. At the same time, it abruptly canceled Wizard magazine and its other remaining publication, ToyFare, to focus on its convention business.

Shamus was pushed out as company CEO in late 2011; his position was taken in March 2012 by John Macaluso. In 2015, the company lost $4.25 million in revenue and cut back from 25 to 19 convention events in 2016. Less than a week after the announcement of the losses, Macaluso resigned as CEO and was replaced by John D. Maatta.

In 2018, Wizard World was renamed Wizard Entertainment, Inc.

In 2021, after selling its last few conventions to FanExpo, Wizard Entertainment essentially ceased to exist.

Publishing

Wizard started as a price guide to comics but evolved into focusing squarely on pop culture, specifically targeting young adult males. (The magazine ultimately featured a price guide to comics and action figures in the back of the magazine.) With its high-end production values and embodiment of the comic speculator boom, Wizard was an instant hit, with a monthly circulation of more than 100,000 copies (although by early 2006, circulation was down to around 50,000).

The magazine also spawned several ongoing magazines dedicated to similar interests, such as InQuest Gamer (launched 1995), for collectible game cards; ToyFare: The Toy Magazine, for toys and action figures (launched 1997); Anime Insider (launched 2001) for anime and manga; and Toy Wishes (launched 2001) for mainstream toy enthusiasts.

On January 24, 2011, after 20 years of publication, the company announced that Wizard would cease print publication and become an all-digital magazine called Wizard World, launching in February 2011. At that point Wizard Entertainment also ceased publication of its sister magazine, ToyFare.

Black Bull Entertainment

In 2000, Wizard founder Shamus forayed into the world of actual comic book publishing, creating the imprint Black Bull Entertainment, featuring several well-known creators, including Mark Waid, Chris Eliopoulos, Nelson DeCastro, and Garth Ennis. The first Black Bull title was the limited series Gatecrasher: Ring of Fire. Black Bull's titles included:

Beautiful Killer (2002–2003), #1–3

Gatecrasher (2000–2001), #1–6

Gatecrasher: Ring of Fire (2000), #1–4

Just a Pilgrim (2001), #1–5

Just a Pilgrim: Garden of Eden (2002), #1–4

The New West (2005), #1–2

Shadow Reavers (2001–2002), #1–5

Black Bull published comics through 2005.

Conventions

Beginnings and growth

Wizard purchased the Chicago Comicon in 1996; the renamed "Wizard World Chicago" was the template for a new kind of convention that shifted its focus from actual comic books to ancillary elements of pop culture fandom: celebrity performers, films, television, video games, and toys – "comic conventions" almost in name only. By 2006, Wizard World Chicago boasted a weekend attendance of over 58,000 people.

In May 2002, Wizard branched out from Chicago and produced Wizard World East at the Pennsylvania Convention Center in Philadelphia. And in 2003 the company produced Wizard World Texas, adding Wizard World Los Angeles in 2004 and Wizard World Boston in 2005.

In 2007–2008, Wizard held conventions in Los Angeles, Philadelphia, Chicago, and Texas. In 2008, Wizard began adding an academic forum called "Wizard World University," integrating scholarly panels into its conventions, beginning with the November convention in Arlington, Texas.

"Con Wars" / growing pains

Beginning in 2005, Wizard CEO Gareb Shamus made a concerted push to dominate the North American convention circuit. First, Wizard announced that it would be holding a comic book convention in Atlanta from June 30 – July 2, 2006, the same dates on which the long-running Charlotte, North Carolina–based Heroes Convention was scheduled to take place. This caused an outcry amongst the comic book community, as Atlanta is only a four-hour drive from Charlotte, and several comic book creators voiced concerns about an attempt by a large, corporate event to force out an independent comic book convention. As a result of the outcry, many prominent creators signed up to appear at HeroesCon 2006 rather than the competing Wizard con. Wizard ultimately announced that it would postpone the planned Atlanta convention until 2007.

In 2009, Wizard canceled its Texas event and postponed the Los Angeles convention. That spring and summer, however, Shamus/Wizard acquired the Paradise Comics Toronto Comicon and the Big Apple Comic Con, New York City's longest-running comic book, science fiction, fantasy, horror, and pop culture convention.

Wizard Entertainment's 2010 planned North American Comic Con tour included city stops in Toronto, Anaheim, Philadelphia, Chicago, New York City, Boston, New Jersey, and Austin. As part of a "major offensive against Reed Exhibitions' New York Comic Con," Wizard scheduled "three East Coast shows in a row—the New England Comic-Con in Boston on October 1-3, Big Apple the same weekend, and the new New Jersey Comic-Con the weekend after, on October 15-17." The 2010 Big Apple Comic Con was scheduled for October 7–10, the same dates as the previously scheduled New York Comic Con. After a public outcry, Wizard ended up moving the dates of its 2010 New York convention to October 1–3. (Additionally, the planned Wizard 2010 New Jersey convention was canceled.)

Despite Wizard World's setbacks in Atlanta/Charlotte and New York City, by late 2010, it was apparent that the company's strategy was to blanket the U.S. with Wizard conventions, including buying previously existing small-scale shows in various locations.

Going public; further expansion

Wizard went public in 2011; its financial statements proved that it was doubling down on dominating the North American convention market:

The majority of our target audience is male-oriented and are major buyers of many types of entertainment and media.... We believe that this male demographic consists of tens of millions consumers in the United States and has hundreds of billions in spending power.... Our competitors are local one-time event comic cons. We have a competitive advantage over these comic cons because they do not have our economies of scale and operating efficiencies.... Further, the size of our Comic Cons and the volume at which we produce them give us the leverage to negotiate discounts on such things as hotels and other travel expenses.... We also believe that the size and volume of our Comic Con tours create a barrier to entry of new industry participants because, due to their size, such new industry participants would find it difficult to enter into certain markets, such as the larger metropolitan cities.

Wizard's 2011 convention calendar included "a show-a-month schedule" and guest-lists of "nerd-lebrities of various levels of fame,... turning their shows into autograph-focused events." Ultimately, however, Wizard scaled back its 2011 operations to seven shows—New Orleans, Toronto, Big Apple (New York), Philadelphia, Mid-Ohio, and Austin—ultimately canceling scheduled conventions in Los Angeles, Miami, Atlanta, and Central Canada. In addition, previously announced new Wizard conventions in New Jersey, Cincinnati, Cleveland, and Nashville never materialized.

Wizard skipped New York altogether in 2012, returning in 2013 with a "Wizard World New York Experience" focused on "celebrities, creators, sports stars, music, exhibitors, parties and other attractions"—very little comics content. The rest of Wizard's 2013 convention schedule included Portland, St. Louis, Philadelphia, Wizard World Chicago, Ohio Comic Con, Nashville, Austin, and New Orleans. In September 2013, Wizard World announced seven new stops for the 2014 tour: Sacramento, Louisville, Minneapolis, Atlanta, San Antonio, Richmond, and Tulsa. Wizard gave up the New York market after 2013 due to the dominance of the New York Comic Con; in 2014 the Big Apple con was reacquired by its founder, Michael Carbonaro.

The explosion in Wizard-produced conventions brought accusations that the entertainment behemoth was deliberately trying to push its competitors out of business. On the other hand, many praised Wizard's professional and standardized approach to producing conventions.

Convention contraction

In 2015, Wizard produced 25 conventions but lost $4.25 million in revenue. The 2016 schedule, cut back to 19 events, included Wizard cons in Portland, Cleveland, Las Vegas, St. Louis, Madison, Minneapolis, Des Moines, Philadelphia, Sacramento, Albuquerque, Columbus, Orlando, Chicago, Richmond, Austin, Tulsa, and Pittsburgh.

By 2018, the company was producing thirteen annual conventions around the U.S.

Post-pandemic woes; sale of convention business

The COVID-19 pandemic hit Wizard Entertainment hard—as it did the convention business worldwide. Most 2020 conventions scheduled for after mid-March of that year were canceled, and many moved online in 2021.

Wizard World held only six in-person conventions in 2021, and that August the company announced it would be selling the convention events business to FanExpo, with the final Wizard World Chicago show occurring in October.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

PROP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$0.67
Market Cap
$42M
P/E (TTM)
-0.5
EPS (TTM)
$-1.35
Revenue (TTM)
$242M
Div Yield
ROE
28.6%
Debt/Equity
52W Range
$1 – $3

PROP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $242M
9-point trend, +964.5%
2016-12-31 2025-12-31
EPS $-1.35
6-point trend, -77.6%
2018-12-31 2025-12-31
Free Cash Flow
7-point trend, -356.8%
2016-12-31 2023-12-31
Margins 13.3%
4-point trend, +16.3%
2016-12-31 2020-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
PROP
Peer Median
P/E (TTM)
5-point trend, +97.9%
-0.5
11.1
P/S (TTM)
5-point trend, -99.7%
0.2
4.8
P/B
5-point trend, -99.5%
0.3
1.8

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
PROP
Peer Median
Operating Margin
5-point trend, +101.2%
27.1%
Net Profit Margin
5-point trend, +100.6%
13.3%
59.8%
ROA
5-point trend, +102.7%
5.8%
6.5%
ROE
5-point trend, +101.0%
28.6%
12.7%
ROIC
30.1%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
PROP
Peer Median
Current Ratio
5-point trend, -64.6%
0.6
1.6
Quick Ratio
5-point trend, -100.0%
0.0

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
PROP
Peer Median
Revenue YoY
5-point trend, +58506.2%
2943.8%
Revenue CAGR 3Y
5-point trend, +58506.2%
675.8%
Revenue CAGR 5Y
5-point trend, +58506.2%
257.8%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
PROP
Peer Median
EPS (Diluted)
5-point trend, -117.7%
$-1.35

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
PROP
Peer Median

PROP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 9 analysts
  • Strong Buy 2 22.2%
  • Buy 6 66.7%
  • Hold 1 11.1%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

2 analysts · 2026-08-16
Median target $3.12 +366.3%
Mean target $3.12 +366.3%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
-1.5%
Period EPS Actual EPS Est Surprise
March 31, 2026 $-2.15 $0.18 -2.3%
Dec. 31, 2025 $0.10 $0.17 -0.07%
Sept. 30, 2025 $-0.45 $0.26 -0.71%
June 30, 2025 $0.18 $1.21 -1.0%
March 31, 2025 $-3.48 $0.49 -4.0%
Dec. 31, 2024 $-0.87 $-0.12 -0.75%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
PROP $106M -1.3 2943.8% 13.3% 28.6%
EPSN $140M -18.6 63.6% -11.2% -5.2%
SJT
NRT
BSIN
CRT
PVL

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17
Annual Income Statement data for PROP
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 11-point trend, +947.9% $242M $8M · $517.6K $369.8K $412.3K $11M $14M $15M $23M $24M $23M
Cost of Revenue 7-point trend, -79.6% · · · · · $3M $10M $11M $15M $16M $19M $15M
Gross Profit 7-point trend, -81.8% · · · · · $2M $904.6K $3M $9.3K $7M $5M $8M
R&D Expense 2-point trend, +302.4% $153M $38M · · · · · · · · · ·
SG&A Expense 12-point trend, +2493.4% $51M $31M $16M $4M $6M $2M $890.3K $1M $2M $3M $2M $2M
Operating Expenses 12-point trend, +2480.4% $176M $34M $17M $8M $19M $3M $3M $4M $5M $8M $8M $7M
Operating Income 12-point trend, +4366.7% $66M $-27M $-17M $-8M $-18M $-2M $-2M $-941.0K $-5M $-1M $-3M $1M
Interest Expense 5-point trend, -63.4% · · · $613.8K $1M $637.0K $304.4K $2M · · · ·
Other Non-op 12-point trend, -2412.6% $-12M $-13M $-548.0K $-6M $-991.6K $-627.0K $-304.4K $-2M $-395.9K $-325.9K $-1M $-472.5K
Pretax Income 12-point trend, +5294.1% $54M $-40M $-62M $-13M $-19M $-3M $-2M $-3M $-6M $-2M $-4M $995.6K
Income Tax 2-point trend, +21654000.00 $22M $0 · · · · · · · · · ·
Net Income 12-point trend, +3119.2% $32M $-41M $-79M $-13M $-17M $-2M $-2M $-3M $-6M $-2M $-4M $995.6K
EPS (Basic) 10-point trend, -6850.0% $-1.35 $-2.65 $-16.51 $-1.18 $-3.71 $-0.53 $-0.62 $-0.76 · · $-0.08 $0.02
EPS (Diluted) 8-point trend, -6850.0% $-1.35 $-2.65 $-16.51 · · $-0.53 $-0.62 $-0.76 · · $-0.08 $0.02
Shares (Basic) 10-point trend, -11.8% 45,232,756 15,453,502 4,788,412 11,648,878 4,755,244 3,506,752 3,506,752 3,443,409 · · 51,363,920 51,294,175
Shares (Diluted) 8-point trend, -18.6% 45,232,756 15,453,502 4,788,412 · · 3,506,752 3,506,752 3,443,409 · · 51,363,920 55,584,150
EBITDA 11-point trend, +7698.5% $114M $-26M $-33M $-7M $-18M $-1M $-2M $-941.0K · $-1M $-3M $1M
Balance Sheet 25
Annual Balance Sheet data for PROP
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -99.7% $20.0K $5M $13M $79.8K $3M $2M $3M $1M $2M $4M $5M $6M
Receivables 7-point trend, -99.9% · · · · $427 $33.5K $113 $124.4K $336.0K $187.8K $407.1K ·
Inventory 5-point trend, +9012.1% $4M $5.0K · · $18.7K · · · $1.2K · $39.6K ·
Prepaid Expense 11-point trend, -13.7% $1M $312.0K $171.0K · $107.7K $53.3K $97.9K $136.3K $196.5K $704.7K $990.4K $2M
Current Assets 12-point trend, +926.3% $80M $18M $14M $79.8K $11M $2M $3M $2M $3M $6M $6M $8M
PP&E (Net) 12-point trend, +311318.7% $824M $135M $29M $2M $2M $9.8K $58.1K $99.8K $165.4K $215.9K $250.8K $264.7K
PP&E (Gross) 9-point trend, +1238.2% · · $4M · $2M $499.1K $607.0K $597.3K $588.8K $492.2K $426.1K $320.8K
Accum. Depreciation 10-point trend, +87852.3% $49M $427.0K · · $89.1K $489.3K $548.9K $497.5K $423.4K $276.3K $175.3K $56.1K
Intangibles · · · · · $132.0K · · · · · ·
Other Non-current Assets 2-point trend, -77.0% $133.0K $578.0K · · · · · · · · · ·
Total Assets 12-point trend, +11425.3% $945M $157M $46M $2M $13M $3M $3M $2M $3M $6M $7M $8M
Accounts Payable 11-point trend, +2698.5% $45M $38M $2M · $801.7K $599.5K $3M $3M $3M $937.8K $2M $2M
Accrued Liabilities $18M · · · · · · · · · · ·
Current Liabilities 12-point trend, +3100.4% $126M $63M $5M $2M $6M $7M $8M $7M $6M $3M $5M $4M
Capital Leases 6-point trend, +2145.2% $2M $1M $94.0K · $101.1K $137.7K $79.8K · · · · ·
Other Non-current Liabilities 2-point trend, +1398000.00 $1M $0 · · · · · · · · · ·
Total Liabilities 12-point trend, +17158.0% $678M $104M $6M $2M $9M $10M $10M $7M $6M $4M $5M $4M
Long-term Debt 2-point trend, +1300.0% · $28M $2M · · · · · · · · ·
Common Stock 11-point trend, +12066.6% $625.0K $230.0K $98.0K · $819 $351 $351 $351 $6.9K $6.9K $5.1K $5.1K
Paid-in Capital 11-point trend, +1259.3% $218M $172M $119M · $52M $23M $22M $21M $20M $20M $17M $16M
Retained Earnings 11-point trend, -645.8% $-88M $-120M $-79M · $-47M $-30M $-28M $-26M $-23M $-18M $-16M $-12M
Treasury Stock 2-point trend, +531000.00 $531.0K $0 · · · · · · · · · ·
Stockholders' Equity 11-point trend, +2951.6% $130M $53M $40M · $4M $-7M $-6M $-5M $-3M $2M $1M $4M
Liabilities + Equity 12-point trend, +11425.3% $945M $157M $46M $2M $13M $3M $3M $2M $3M $6M $7M $8M
Shares Outstanding 12-point trend, +21.7% 62,499,375 23,045,209 9,826,719 0 8,191,382 3,506,752 3,506,752 3,506,752 68,535,036 68,535,036 51,368,386 51,358,386
Cash Flow 15
Annual Cash Flow data for PROP
Metric Trend 202520242023202220212020201920182017201620152014
D&A 5-point trend, +200902.6% $49M $427.0K · $658.1K $112.5K $24.3K · · · · · ·
Stock-based Comp 12-point trend, +1589.4% $15M $8M $3M $3M $12M $408.0K $274.6K $357.3K $296.3K $777.5K $1M $873.9K
Deferred Tax 2-point trend, +21652000.00 $22M $0 · · · · · · · · · ·
Other Non-cash 5-point trend, +1798.6% $37M $23M $63M $8M $-2M · · · · · · ·
Operating Cash Flow 12-point trend, +6754.6% $154M $-9M $-12M $-2M $-7M $-1M $-705.6K $-743.5K $-3M $-2M $443.1K $2M
CapEx 10-point trend, -22.9% · · $200.0K $5M $2M $24.7K $6.0K $11.4K $98.1K $169.8K $105.3K $259.3K
Investing Cash Flow 12-point trend, -742163.5% $-656M $-83M $-24M $-2M $-10M $-156.7K $-6.0K $-11.4K $-98.1K $-311.1K $-2M $-88.4K
Debt Issued 2-point trend, -43.1% · · · · $197.7K $347.5K · · · · · ·
Net Debt Issued 2-point trend, -175.9% · · $-150.0K · $197.7K · · · · · · ·
Stock Issued 3-point trend, +1016.3% $44M $15M · · $4M · · · · · · ·
Net Stock Activity 4-point trend, +1016.3% $44M $15M $32M · $4M · · · · · · ·
Financing Cash Flow 9-point trend, +12420950.0% $497M $85M $49M $1M $18M $347.5K $2M · · $2M $4.0K ·
Net Change in Cash 12-point trend, -339.8% $-5M $-8M $13M $-3M $887.5K $-880.0K $2M $-754.9K $-3M $-322.5K $-1M $2M
Taxes Paid 3-point trend, +213.0% $2M $0 · · · · · · · · · $575.0K
Free Cash Flow 9-point trend, -711.3% · · $-12M $-7M $-9M $-1M $-711.6K $-754.9K · $-3M $337.9K $2M
Profitability 8
Annual Profitability data for PROP
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 6-point trend, -7.0% · · · · · 33.5% 8.6% 18.9% · 28.8% 21.9% 36.0%
Operating Margin 11-point trend, +326.1% 27.1% -334.0% -2173.1% -1469.6% -2239.7% -29.1% -17.6% -6.8% · -5.2% -12.0% 6.4%
Net Margin 11-point trend, +206.9% 13.3% -515.3% -5115.8% -2592.5% -2138.6% -41.0% -20.4% -18.8% · -37.5% -17.7% 4.3%
Pretax Margin 11-point trend, +414.4% 22.2% -502.2% -5115.8% -2589.1% -2362.5% -43.0% -20.4% -18.8% · -37.2% -17.6% 4.3%
EBITDA Margin 11-point trend, +643.8% 47.4% -328.6% -2109.4% -1342.5% -2225.7% -29.1% -17.6% -6.8% · -5.2% -12.0% 6.4%
ROA 11-point trend, -63.2% 5.8% -40.5% -332.8% -134.2% -217.6% -60.5% -76.1% -101.2% · -135.1% -56.8% 15.8%
ROE 11-point trend, -5.9% 28.6% -71.7% 662.4% 653.5% -2938.7% 28.3% 35.5% 57.7% · 830.4% -151.4% 30.4%
ROIC 30.1% · · · · · · · · · · ·
Liquidity & Solvency 3
Annual Liquidity & Solvency data for PROP
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 11-point trend, -67.9% 0.6 0.3 2.5 0.4 1.8 0.3 0.4 0.3 · 2.0 1.2 2.0
Quick Ratio 11-point trend, -100.0% 0.0 0.1 2.4 0.0 0.5 0.3 0.4 0.2 · 1.7 0.9 1.5
Interest Coverage 4-point trend, -103.1% · · · -12.4 -15.4 -2.1 -6.1 · · · · ·
Efficiency 3
Annual Efficiency data for PROP
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 11-point trend, -88.0% 0.4 0.1 0.1 0.1 0.1 1.5 3.7 5.4 · 3.6 3.2 3.7
Inventory Turnover 2-point trend, -97.1% · · · · · 27.3 · · · · 948.6 ·
Receivables Turnover 6-point trend, -59.6% · · · · 47.7 269.2 169.9 60.4 · 76.3 118.0 ·
Per Share 5
Annual Per Share data for PROP
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 11-point trend, +2406.1% $2.08 $2.29 $4.09 $-0.53 $0.51 $-1.95 $-1.78 $-0.07 · $-0.05 $0.03 $0.08
Revenue / Share 6-point trend, +1187.6% $5.34 · $0.32 · · $1.29 $3.02 · · · $0.47 $0.41
Cash Flow / Share 6-point trend, +8321.8% $3.40 · $-2.49 · · $-0.31 $-0.20 · · · $0.01 $0.04
Cash / Share 11-point trend, -99.7% $0.00 $0.23 $1.33 $0.02 $0.34 $0.54 $0.79 $0.01 · $0.06 $0.09 $0.11
EPS (TTM) 12-point trend, -6850.0% $-1.35 $-2.65 $-16.51 $-1.47 $-1.47 $-0.53 $-0.62 $-0.76 $-0.06 $0.03 $-0.08 $0.02
Growth Rates 3
Annual Growth Rates data for PROP
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +28653.0% 2943.8% 413.6% 198.6% 40.0% -10.3% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +1120.9% 675.8% 177.9% 55.4% · · · · · · · · ·
Revenue CAGR 5Y 257.8% · · · · · · · · · · ·
Valuation (TTM) 10
Annual Valuation (TTM) data for PROP
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 11-point trend, +947.9% $242M $8M · $517.6K $369.8K $412.3K $11M $14M $15M $23M $24M $23M
Net Income TTM 12-point trend, +3119.2% $32M $-41M $-79M $-13M $-17M $-2M $-2M $-3M $-6M $-2M $-4M $995.6K
Market Cap 11-point trend, -99.5% $106M $159M $93M $19M $723M $63M $248M $7.96B · $9.15B $12.84B $22.66B
P/E 12-point trend, -100.0% -1.3 -2.6 -0.6 -1.1 -60.0 -33.9 -113.9 -149.4 -1470.6 4451.0 -3125.0 22058.8
P/S 10-point trend, -100.0% 0.4 20.1 · 37.6 1954.5 152.6 23.4 572.8 · 403.1 534.5 982.6
P/B 11-point trend, -100.0% 0.8 3.0 2.3 -3.0 172.2 -9.2 -39.6 -1620.1 · -2690.0 9506.9 5312.1
P / Tangible Book 4-point trend, -99.5% 0.8 3.0 2.3 · 172.2 · · · · · · ·
P / Cash Flow 11-point trend, -100.0% 0.7 -17.1 -7.8 -8.9 -103.7 -58.8 -350.8 -10709.9 · -3678.2 28980.9 10091.6
P / FCF 9-point trend, -100.1% · · -7.7 -2.6 -77.8 -57.4 -347.8 -10547.9 · -3443.2 38009.4 11409.1
Earnings Yield 12-point trend, -0.80 -79.9% -38.3% -173.6% -92.6% -1.7% -2.9% -0.88% -0.67% -0.07% 0.02% -0.03% 0.00%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $242M$8M$517.6K$369.8K
Operating Margin % 27.1%-334.0%-2173.1%-1469.6%-2239.7%
Net Income $32M$-41M$-79M$-13M$-17M
Diluted EPS $-1.35$-2.65$-16.51
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Current Ratio 0.60.32.50.41.8
Quick Ratio 0.00.12.40.00.5
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $-12M$-7M$-9M

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Institutional owners (13F) 121 filers · $14.2M 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.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
34 (0 vs prior Q) 35 (+20 vs prior Q) 43 (+1 vs prior Q) 23 (+6 vs prior Q) +6.9M

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 $1,989,845 2,756,018 13.99% Shares
AQR CAPITAL MANAGEMENT LLC $1,661,679 2,303,090 11.69% Shares
Arax Advisory Partners $1,027,189 1,423,685 7.22% Shares
LAZARD ASSET MANAGEMENT LLC $820,918 1,137,794 5.77% Shares
UBS Group AG $694,315 961,655 4.88% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $621,051 860,777 4.37% Shares
GEODE CAPITAL MANAGEMENT, LLC $533,649 739,488 3.75% Shares
GROUP ONE TRADING LLC $433,288 600,538 3.05% Shares
Geller Advisors LLC $414,958 59,965 2.92% Shares
VANGUARD GROUP INC $397,145 234,997 2.79% Shares
MILLENNIUM MANAGEMENT LLC $379,420 525,876 2.67% Shares
VANGUARD FIDUCIARY TRUST CO $321,167 444,829 2.26% Shares
Corient Private Wealth LP $312,518 433,151 2.20% Shares
Fore Capital, LLC $227,273 315,000 1.60% Shares
STATE STREET CORP $224,675 311,400 1.58% Shares
ELCO Management Co., LLC $217,870 301,968 1.53% Shares
MORGAN STANLEY $200,265 277,568 1.41% Shares
TRANSCEND CAPITAL ADVISORS, LLC $192,663 267,031 1.35% Shares
Marex Group Ltd $180,493 250,164 1.27% Shares
WELLINGTON MANAGEMENT GROUP LLP $179,482 248,762 1.26% Shares
BNP PARIBAS FINANCIAL MARKETS $172,737 239,414 1.21% Shares
HSBC HOLDINGS PLC $154,435 227,110 1.09% Shares
CITADEL ADVISORS LLC $141,775 196,500 1.00% Call option
JANE STREET GROUP, LLC $138,528 192,000 0.97% Call option
IEQ CAPITAL, LLC $128,227 177,722 0.90% Shares
MARSHALL WACE, LLP $127,854 177,575 0.90% Shares
NORTHERN TRUST CORP $125,891 174,485 0.89% Shares
Sound View Wealth Advisors Group, LLC $124,711 172,850 0.88% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $117,432 163,100 0.83% Call option
BLUEFIN CAPITAL MANAGEMENT, LLC $115,801 160,500 0.81% Shares
TWO SIGMA INVESTMENTS, LP $107,428 148,895 0.76% Shares
CITADEL ADVISORS LLC $106,998 148,300 0.75% Put option
FOCUS Wealth Advisors, LLC $101,010 140,000 0.71% Shares
JANE STREET GROUP, LLC $84,327 116,877 0.59% Shares
CIBC WORLD MARKET INC. $82,251 114,000 0.58% Shares
SIMPLEX TRADING, LLC $82,239 113,984 0.58% Shares
Retirement Planning Group, LLC $82,223 113,961 0.58% Shares
TWO SIGMA SECURITIES, LLC $76,571 106,127 0.54% Shares
Chicago Partners Investment Group LLC $63,897 79,513 0.45% Shares
Nuveen Asset Management, LLC $58,543 8,460 0.41% Shares
Cerity Partners LLC $54,949 76,159 0.39% Shares
BlackRock, Inc. $54,693 75,805 0.38% Shares
Rockefeller Capital Management L.P. $54,618 75,700 0.38% Shares
Traynor Capital Management, Inc. $45,131 62,552 0.32% Shares
JANE STREET GROUP, LLC $42,929 59,500 0.30% Put option
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC $39,279 53,880 0.28% Shares
BANK OF AMERICA CORP /DE/ $38,762 53,761 0.27% Shares
CWM, LLC $36,566 18,013 0.26% Shares
Warberg Asset Management LLC $34,993 48,500 0.25% Call option
IMC-Chicago, LLC $33,748 46,775 0.24% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $33,696 46,800 0.24% Put option
TUDOR INVESTMENT CORP ET AL $29,514 40,906 0.21% Shares
MERCER GLOBAL ADVISORS INC /ADV $28,256 39,163 0.20% Shares
Vanguard Personalized Indexing Management, LLC $21,249 29,451 0.15% Shares
Old Port Advisors $20,227 28,035 0.14% Shares
ACT Advisors, LLC. $19,065 26,424 0.13% Shares
Moss Adams Wealth Advisors LLC $18,038 25,000 0.13% Shares
Patriot Financial Group Insurance Agency, LLC $18,038 25,000 0.13% Shares
BRIGHTON JONES LLC $17,944 24,870 0.13% Shares
Engineers Gate Manager LP $17,936 24,859 0.13% Shares
Perigon Wealth Management, LLC $17,686 24,513 0.12% Shares
FMR LLC $16,745 23,209 0.12% Shares
Cetera Investment Advisers $15,926 22,074 0.11% Shares
Pallas Capital Advisors LLC $15,729 21,801 0.11% Shares
CAPTRUST FINANCIAL ADVISORS $15,366 21,297 0.11% Shares
Nuveen, LLC $15,243 21,126 0.11% Shares
BARCLAYS PLC $14,649 20,303 0.10% Shares
GOLDMAN SACHS GROUP INC $13,487 18,693 0.09% Shares
Vanguard Global Advisers, LLC $12,363 17,123 0.09% Shares
Abel Hall, LLC $11,225 15,558 0.08% Shares
Navigation Wealth Management, Inc. $11,116 15,407 0.08% Shares
LPL Financial LLC $11,113 15,403 0.08% Shares
Capital Investment Advisors, LLC $10,570 14,650 0.07% Shares
Creative Planning $10,416 14,437 0.07% Shares
Quotient Wealth Partners, LLC $9,885 13,700 0.07% Shares
COMMONWEALTH EQUITY SERVICES, LLC $9,760 13,530 0.07% Shares
OSAIC HOLDINGS, INC. $9,001 12,502 0.06% Shares
Schonfeld Strategic Advisors LLC $8,766 12,151 0.06% Shares
KESTRA PRIVATE WEALTH SERVICES, LLC $8,658 12,000 0.06% Shares
HOWE & RUSLING INC $8,442 11,700 0.06% Shares
ZIONS BANCORPORATION, NATIONAL ASSOCIATION /UT/ $8,354 11,579 0.06% Shares
HBK Sorce Advisory LLC $8,202 11,247 0.06% Shares
POINCIANA ADVISORS GROUP, LLC $7,509 10,408 0.05% Shares
Forum Financial Management, LP $7,215 10,000 0.05% Shares
Kestra Advisory Services, LLC $7,215 10,000 0.05% Shares
Integrated Wealth Concepts LLC $6,344 8,794 0.04% Shares
Tower Research Capital LLC (TRC) $5,888 8,161 0.04% Shares
Your Advocates Ltd., LLP $5,040 7,000 0.04% Shares
Sunbelt Securities, Inc. $4,559 2,246 0.03% Shares
ROYAL BANK OF CANADA $4,000 5,056 0.03% Shares
JONES FINANCIAL COMPANIES LLLP $3,831 5,804 0.03% Shares
WELLS FARGO & COMPANY/MN $2,886 4,000 0.02% Shares
HUNTINGTON NATIONAL BANK $2,166 3,001 0.02% Shares
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC $2,144 3,000 0.02% Shares
CIBC Private Wealth Group LLC $1,985 1,000 0.01% Shares
Farther Finance Advisors, LLC $1,923 2,666 0.01% Shares
Essential Partners LLC $1,845 2,557 0.01% Shares
Allworth Financial LP $1,765 2,446 0.01% Shares
PNC Financial Services Group, Inc. $1,428 1,978 0.01% Shares
True Wealth Design, LLC $957 1,326 0.01% Shares

Company insiders 15 insiders · 8 officers · 10 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Gregory Scott Patton Chief Executive Officer June 23, 2026 A 1,116,224 1 0 $7,530
Edward Kovalik Chief Executive Officer Dec. 17, 2025 F 2,010,076 1 0 $21,700
Scott D Kaufman CO-CEO and President June 30, 2022 A 1,202,523 0 0 $0
John Michael Macaluso CEO, President, Chairman Feb. 6, 2013 P 12,325,000 0 0 $0
Michael James Shelly Executive Vice President & CFO July 23, 2026 A 840,000 0 0 $0
Gary C Hanna President Dec. 17, 2025 F 2,023,217 0 0 $0
Daniel T. Sweeney EVP, GC and Corp. Sec. May 19, 2026 P 566,534 1 0 $14,173
Bryan Freeman EVP of Operations May 4, 2026 F 622,013 0 0 $0
Richard N. Frommer Director July 21, 2026 A 305,372 3 0 $76,740
Jonathan H. Gray Director July 21, 2026 A 760,273 3 0 $905,743
Erik Thoresen Director July 21, 2026 A 220,760 1 0 $5,925
Stephen Lee Director June 4, 2026 F 94,671 1 0 $6,275
Gizman I Abbas Director March 26, 2026 F 101,882 0 0 $0
James W. Wallis 10% owner May 1, 2024 X 769,930 0 0 $0
Heidi Christine Bowman July 1, 2021 A 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 5 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Narrogal Nominees Pty Ltd ATF Gregory K O'Neill Family Trust, Narrogal Nominees Pty Ltd, Gregory K. O'Neill ×2 filings Dec. 16, 2025 32.06% Amendment SEC
Bristol Investment Fund, Ltd., Bristol Capital, LLC, Paul Kessler, Bristol Capital Advisors Profit Sharing Plan ×20 filings Feb. 14, 2025 4.82% Amendment SEC
Narrogal Nominees Pty Ltd ATF Gregory K O’Neill Family Trust, Narrogal Nominees Pty Ltd, Gregory K. O’Neill ×2 filings Aug. 19, 2024 Initial filing SEC
Edward Kovalik, Gary C. Hanna May 15, 2023 Initial filing SEC
John M. Macaluso ×3 filings Dec. 28, 2016 Initial filing SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 8 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
IWC · iShares Trust 0.01% 228,711 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.00% 12,514 NS April 30, 2026 N-PORT
ITWO · ProShares Trust 0.00% 1,608 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.00% 1,256 NS May 31, 2026 N-PORT
URTY · ProShares Trust 0.00% 1,267 NS May 31, 2026 N-PORT
HDG · ProShares Trust 0.00% 32 NS May 31, 2026 N-PORT
VXF · VANGUARD INDEX FUNDS 0.00% 922,432 SH Aug. 8, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.00% 1,805,177 SH Aug. 8, 2026 Daily