QUBT Quantum Computing Inc. - Common Stock
$8.16
Price · Aug 19, 2026
Fundamentals as of Aug 10, 2026
52W Range
$6–$26
10% of range
Analyst Rating
BUY
12 analysts
Price Target
$18
+125% upside
P/E (TTM)
-74.1
ROE
-1.9%
Net Profit Margin
-2738.1%
QUBT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$8.15
Market Cap
$1.83B
P/E (TTM)
-74.1
EPS (TTM)
$-0.11
Revenue (TTM)
$682.0K
Div Yield
—
ROE
-1.9%
Debt/Equity
—
52W Range
$6 – $26
QUBT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$682.0K
2022-12-31
→
2025-12-31
EPS
$-0.11
2021-12-31
→
2025-12-31
Free Cash Flow
$-37M
2018-12-31
→
2025-12-31
Margins
-2738.1%
2023-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
QUBT
Peer Median
P/E (TTM)
-74.1
35.9
P/S (TTM)
2680.4
3.7
P/B
1.1
3.4
Price / FCF
-49.4
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
QUBT
Peer Median
Gross Margin
9.8%
28.2%
Operating Margin
-7489.3%
—
Net Profit Margin
-2738.1%
4.1%
ROA
-2.1%
4.5%
ROE
-1.9%
12.3%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
QUBT
Peer Median
Current Ratio
102.4
1.4
Quick Ratio
100.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
QUBT
Peer Median
Revenue YoY
82.8%
—
Revenue CAGR 3Y
71.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
QUBT
Peer Median
QUBT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
12 analysts
- Strong Buy 2 16.7%
- Buy 7 58.3%
- Hold 3 25.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
6 analysts · 2026-08-14
Median
$18.00
← Below all targets
$8.15
Low
$10.00
High
$30.00
Median target
$18.00
+120.7%
Mean target
$18.33
+124.8%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.05 | $-0.04 | -0.01% |
| March 31, 2026 | $-0.02 | $-0.05 | 0.03% |
| Dec. 31, 2025 | $-0.01 | $-0.03 | 0.02% |
| Sept. 30, 2025 | $0.01 | $-0.06 | 0.07% |
| June 30, 2025 | $-0.26 | $-0.06 | -0.20% |
| March 31, 2025 | $0.11 | $-0.07 | 0.18% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| QUBT | $2.30B | -93.3 | 82.8% | -2738.1% | -1.9% | 9.8% |
| IONQ | $16.27B | -24.7 | 201.8% | -392.6% | -24.4% | — |
| GPGI | — | -15.7 | -85.8% | -227.3% | -198.9% | 48.0% |
| INFQ | — | — | — | — | 172.0% | — |
| DBD | $2.40B | 26.7 | 1.5% | 2.5% | 9.3% | 25.3% |
| CRSR | $633M | -49.5 | 11.9% | -1.1% | -2.6% | 28.9% |
| KODK | $824M | -4.8 | 2.5% | -12.0% | -22.4% | 21.7% |
| QMCO | $70M | -0.6 | 2.0% | -36.1% | 56.2% | 36.9% |
| XRX | — | — | — | — | — | — |
| PMTS | $168M | 11.7 | 13.1% | 2.8% | -64.5% | 31.3% |
| AAPL | $3.77T | 34.2 | 6.4% | 26.9% | 159.4% | 46.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $682.0K | $373.0K | $358.0K | $136.0K | |
| Cost of Revenue | $615.0K | $261.0K | $196.0K | $61.0K | |
| Gross Profit | $67.0K | $112.0K | $162.0K | $75.0K | |
| R&D Expense | $20M | $11M | $9M | $5M | |
| SG&A Expense | $27M | $13M | $16M | $21M | |
| Operating Expenses | $51M | $26M | $26M | $29M | |
| Operating Income | $-51M | $-26M | $-26M | $-29M | |
| Interest Expense | · | · | $2M | $772.0K | |
| Interest Income | · | · | $295.0K | $47.0K | |
| Other Non-op | · | · | $-3M | $-2M | |
| Pretax Income | $-19M | $-69M | $-27M | $-26M | |
| Net Income | $-19M | $-69M | $-27M | $-26M | |
| EPS (Basic) | $-0.11 | $-0.73 | $-0.42 | $-0.73 | |
| EPS (Diluted) | $-0.11 | $-0.73 | $-0.42 | $-0.73 | |
| Shares (Basic) | 164,492 | 93,881 | 66,611 | 36,680,000 | |
| Shares (Diluted) | 164,492 | 93,881 | 66,611 | 36,680,000 | |
| EBITDA | $-51M | $-26M | $-26M | · |
Balance Sheet 29
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Cash & Equivalents | $738M | $79M | $2M | $5M | |
| Short-term Investments | $379M | · | · | · | |
| Receivables | $519.0K | $27.0K | $65.0K | $13.0K | |
| Inventory | $352.0K | $18.0K | $73.0K | · | |
| Prepaid Expense | $12M | $161.0K | $180.0K | $129.0K | |
| Other Current Assets | · | · | $289.1K | $183.0K | |
| Current Assets | $1.13B | $79M | $3M | $5M | |
| PP&E (Net) | $13M | $8M | $3M | $975.0K | |
| PP&E (Gross) | $16M | $9M | $3M | $1M | |
| Accum. Depreciation | $3M | $966.0K | $272.0K | $71.0K | |
| Goodwill | $56M | $56M | $56M | $56M | |
| Intangibles | $6M | $9M | $12M | $15M | |
| Other Non-current Assets | $131.0K | $129.0K | $129.0K | $60.0K | |
| Total Assets | $1.62B | $154M | $74M | $79M | |
| Accounts Payable | $778.0K | $1M | $1M | $872.0K | |
| Accrued Liabilities | $9M | $2M | $639.0K | $3M | |
| Current Liabilities | $11M | $5M | $5M | $5M | |
| Capital Leases | $2M | $1M | $840.0K | $1M | |
| Other Non-current Liabilities | $0 | · | · | $225.3K | |
| Total Liabilities | $21M | $46M | $6M | $13M | |
| Long-term Debt | · | · | · | $8M | |
| Total Debt | · | · | $2M | · | |
| Common Stock | $22.0K | $13.0K | $8.0K | $6.0K | |
| Paid-in Capital | $1.82B | $308M | $201M | $169M | |
| Retained Earnings | $-219M | $-200M | $-132M | $-104M | |
| AOCI | $905.0K | · | · | · | |
| Stockholders' Equity | $1.60B | $107M | $69M | $65M | |
| Liabilities + Equity | $1.62B | $154M | $74M | $79M | |
| Shares Outstanding | 224,165,000 | 129,012,000 | 77,451,000 | 55,963,000 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| D&A | $4M | $4M | $3M | $2M | |
| Stock-based Comp | $9M | $6M | $4M | $9M | |
| Amort. of Intangibles | $2M | $3M | $3M | $2M | |
| Operating Cash Flow | $-30M | $-16M | $-18M | $-15M | |
| CapEx | $7M | $6M | $2M | $870.0K | |
| Investing Cash Flow | $-788M | $-6M | $-3M | $-2M | |
| Stock Issued | $1.48B | $107M | $25M | $7M | |
| Net Stock Activity | $1.48B | $107M | · | · | |
| Dividends Paid | · | $215.0K | $865.0K | $787.0K | |
| Financing Cash Flow | $1.48B | $99M | $18M | $6M | |
| Net Change in Cash | · | · | · | $-11M | |
| Taxes Paid | · | · | $813.0K | · | |
| Free Cash Flow | $-37M | $-22M | $-20M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Gross Margin | 9.8% | 30.0% | 45.2% | · | |
| Operating Margin | -7489.3% | -6953.6% | -7330.5% | · | |
| Net Margin | -2738.1% | -18375.9% | -7548.0% | · | |
| Pretax Margin | -2738.1% | -18375.9% | -7548.0% | · | |
| EBITDA Margin | -7489.3% | -6953.6% | -7330.5% | · | |
| ROA | -2.1% | -60.2% | -35.4% | · | |
| ROE | -1.9% | -81.7% | -38.4% | · |
Liquidity & Solvency 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Current Ratio | 102.4 | 17.4 | 0.6 | · | |
| Quick Ratio | 100.9 | 17.3 | 0.4 | · | |
| Debt / Equity | · | · | 0.0 | · | |
| Interest Coverage | · | · | -16.4 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | · | |
| Inventory Turnover | 3.3 | 5.7 | 5.4 | · | |
| Receivables Turnover | 2.5 | 8.1 | 9.2 | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue YoY | 82.8% | 4.2% | 163.2% | · | |
| Revenue CAGR 3Y | 71.2% | · | · | · |
Valuation (TTM) 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue TTM | $682.0K | $373.0K | $358.0K | $136.0K | |
| Net Income TTM | $-19M | $-69M | $-27M | $-26M | |
| Market Cap | $2.30B | $2.14B | $71M | · | |
| Enterprise Value | · | · | $71M | · | |
| P/E | -93.3 | -22.7 | -2.2 | -2.1 | |
| P/S | 3372.3 | 5724.3 | 197.5 | · | |
| P/B | 1.4 | 19.9 | 1.0 | · | |
| P / Tangible Book | 1.5 | 50.0 | 67.1 | · | |
| P / Cash Flow | -75.9 | -131.7 | -3.9 | · | |
| P / FCF | -62.2 | -96.0 | -3.5 | · | |
| EV / EBITDA | · | · | -2.7 | · | |
| EV / FCF | · | · | -3.5 | · | |
| EV / Revenue | · | · | 197.1 | · | |
| Dividend Yield | · | 0.01% | 1.2% | · | |
| Earnings Yield | -1.1% | -4.4% | -46.0% | -48.3% | |
| Payout Ratio | · | -0.31% | -3.2% | · | |
| Annual Payout | · | $215.0K | $865.0K | $787.0K |
Income Statement 17
| 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 | $6M | $4M | $198.0K | $384.0K | $61.0K | $39.0K | $62.0K | $101.0K | $183.0K | $27.0K | $75.0K | $50.0K | $112.0K | $121.0K | $1.6K | $37.6K | |
| Cost of Revenue | $7M | $4M | $296.0K | $258.0K | $35.0K | $26.0K | $28.0K | $92.0K | $125.0K | $16.0K | $65.0K | $24.0K | $51.0K | $56.0K | $19.3K | $24.9K | |
| Gross Profit | $-1M | $-721.0K | $-98.0K | $126.0K | $26.0K | $13.0K | $34.0K | $9.0K | $58.0K | $11.0K | $10.0K | $26.0K | $61.0K | $65.0K | $-17.7K | $12.8K | |
| R&D Expense | $8M | $7M | $7M | $5M | $6M | $3M | $5M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | |
| SG&A Expense | $11M | $11M | $14M | $5M | $4M | $5M | $4M | $3M | $3M | $4M | $4M | $4M | $4M | $4M | $15M | $3M | |
| Operating Expenses | $22M | $20M | $22M | $11M | $10M | $8M | $9M | $5M | $5M | $6M | $7M | $7M | $7M | $6M | $10M | $7M | |
| Operating Income | $-23M | $-21M | $-22M | $-10M | $-10M | $-8M | $-9M | $-5M | $-5M | $-6M | $-7M | $-7M | $-7M | $-6M | $-10M | $-7M | |
| Interest Income | · | · | · | · | · | · | · | $70.0K | $73.0K | $38.0K | · | $126.0K | $61.0K | $32.0K | · | · | |
| Other Non-op | · | · | · | · | · | · | · | · | · | · | · | $-608.4K | $-783.4K | $-718.6K | · | $-735.3K | |
| Pretax Income | $-12M | $-4M | $-2M | $2M | $-36M | $17M | $-51M | $-6M | $-5M | $-6M | $-7M | $-7M | $-7M | $-6M | · | · | |
| Income Tax | $0 | · | · | · | $0 | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income | $-12M | $-4M | $-2M | $2M | $-36M | $17M | $-51M | $-6M | $-5M | $-6M | $-7M | $-7M | $-7M | $-6M | $-6M | $-8M | |
| EPS (Basic) | $-0.05 | $-0.02 | $0.01 | $0.01 | $-0.26 | $0.13 | $-0.53 | $-0.06 | $-0.06 | $-0.08 | $-0.09 | $-0.10 | $-0.12 | $-0.11 | $-0.10 | $-0.22 | |
| EPS (Diluted) | $-0.05 | $-0.02 | $0.03 | $0.01 | $-0.26 | $0.11 | $-0.53 | $-0.06 | $-0.06 | $-0.08 | $-0.09 | $-0.10 | $-0.12 | $-0.11 | $-0.32 | $-0.11 | |
| Shares (Basic) | 224,727,000 | 223,986,000 | -436,852,508 | 160,399,000 | 141,401,000 | 135,217,000 | -268,438,119 | 93,048,000 | 93,550,000 | 81,934,000 | -193,136,389 | 71,588,000 | 62,667,000 | 58,948,000 | -55,585,687 | 33,904,329 | |
| Shares (Diluted) | 224,727,000 | 223,986,000 | -461,075,508 | 166,833,000 | 141,401,000 | 153,006,000 | -268,438,119 | 93,048,000 | 93,550,000 | 81,934,000 | -193,136,389 | 71,588,000 | 62,667,000 | 58,948,000 | -115,308,542 | 68,903,577 | |
| EBITDA | $-23M | $-21M | · | $-10M | $-10M | $-8M | · | $-5M | $-5M | $-6M | · | $-8M | $-4M | $-8M | · | $-7M |
Balance Sheet 27
| 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 | $189M | $258M | $738M | $352M | $349M | $166M | $79M | $3M | $3M | $6M | · | $7M | $7M | $7M | $5M | $10M | |
| Short-term Investments | $765M | $728M | $379M | $203M | · | · | · | · | · | · | · | · | · | · | · | · | |
| Receivables | $7M | $4M | $519.0K | $491.0K | $96.0K | $20.0K | $27.0K | $63.0K | $56.0K | $32.0K | · | $2.4K | $121.4K | $63.0K | $13.0K | $94.8K | |
| Inventory | $13M | $4M | $352.0K | $956.0K | $366.0K | $131.0K | $18.0K | $241.0K | $266.0K | $155.0K | · | · | · | · | · | · | |
| Prepaid Expense | $7M | $5M | $12M | $885.0K | $1M | $660.0K | $161.0K | $238.0K | $272.0K | $253.0K | · | $167.2K | $202.2K | $224.3K | $129.0K | $318.7K | |
| Other Current Assets | · | · | · | · | · | · | · | · | · | · | · | $17.3K | $11.6K | $42.4K | · | · | |
| Current Assets | $988M | $1.01B | $1.13B | $563M | $350M | $167M | $79M | $4M | $3M | $7M | · | $8M | $8M | $7M | $5M | · | |
| PP&E (Net) | $43M | $17M | $13M | $13M | $11M | $10M | $8M | $6M | $5M | $4M | · | $3M | $1M | $1M | $975.0K | $302.3K | |
| PP&E (Gross) | $48M | $21M | $16M | $15M | $12M | $11M | $9M | $6M | $6M | $5M | · | $3M | $2M | $1M | · | $342.2K | |
| Accum. Depreciation | $5M | $4M | $3M | $2M | $1M | $1M | $966.0K | $486.0K | $411.0K | $340.0K | · | $252.0K | $175.7K | $115.4K | $71.0K | $39.9K | |
| Goodwill | $181M | $147M | $56M | $56M | $56M | $56M | $56M | $56M | $56M | $56M | · | $65M | $65M | $59M | $56M | $59M | |
| Intangibles | $29M | $19M | $6M | $7M | $8M | $8M | $9M | $10M | $11M | $11M | · | $12M | $13M | $21M | $15M | $24M | |
| Other Non-current Assets | $1M | $273.0K | $131.0K | $131.0K | $131.0K | $129.0K | $129.0K | $129.0K | $133.0K | $129.0K | · | $78M | $79M | $81M | $60.0K | · | |
| Total Assets | $1.64B | $1.62B | $1.62B | $898M | $426M | $243M | $154M | $77M | $76M | $79M | · | $89M | $89M | $90M | $79M | $95M | |
| Accounts Payable | $4M | $3M | $778.0K | $1M | $1M | $2M | $1M | $923.0K | $2M | $2M | · | $1M | $935.4K | $922.0K | $872.0K | $888.1K | |
| Accrued Liabilities | $7M | $8M | $9M | $2M | $1M | $647.0K | $2M | $539.0K | $327.0K | $605.0K | · | $1M | $3M | $2M | $3M | $673.6K | |
| Current Liabilities | $19M | $15M | $11M | $4M | $4M | $4M | $5M | $2M | $3M | $3M | · | $8M | $12M | $13M | $5M | · | |
| Capital Leases | $21M | $4M | $2M | $2M | $2M | $1M | $1M | $1M | $708.0K | $775.0K | · | · | · | · | $1M | · | |
| Other Non-current Liabilities | $1M | · | · | · | · | · | · | · | · | · | · | · | · | $7.8K | · | $11.5K | |
| Total Liabilities | $47M | $23M | $21M | $20M | $30M | $22M | $46M | $11M | $4M | $4M | · | $8M | $12M | $13M | $13M | $11M | |
| Common Stock | $23.0K | $23.0K | $22.0K | $19.0K | $16.0K | $14.0K | $13.0K | $9.0K | $9.0K | $9.0K | · | $7.5K | $6.7K | $6.0K | $6.0K | $3.4K | |
| Paid-in Capital | $1.83B | $1.82B | $1.82B | $1.10B | $616M | $404M | $308M | $210M | $209M | $206M | · | $170M | $162M | $157M | $169M | $151M | |
| Retained Earnings | $-235M | $-223M | $-219M | $-218M | $-220M | $-184M | $-200M | $-149M | $-144M | $-138M | · | $-141M | $-133M | $-128M | $-104M | $-101M | |
| AOCI | $-4M | $-3M | $905.0K | $-26.0K | · | · | · | · | · | · | · | · | · | · | · | · | |
| Stockholders' Equity | $1.59B | $1.60B | $1.60B | $878M | $396M | $221M | $107M | $60M | $66M | $68M | $69M | $81M | $77M | $77M | $65M | $84M | |
| Liabilities + Equity | $1.64B | $1.62B | $1.62B | $898M | $426M | $243M | $154M | $77M | $76M | $79M | · | $89M | $89M | $90M | $79M | $95M | |
| Shares Outstanding | 226,346,000 | 225,494,000 | 224,165,000 | 186,908,000 | 157,911,000 | 137,322,000 | 129,012,000 | 94,416,000 | 94,416,000 | 91,345,000 | · | 75,094,943 | 67,215,159 | 60,496,062 | 55,963,000 | 33,904,329 |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $2M | $1M | $1M | $887.0K | $975.0K | $1M | $851.0K | $847.0K | $844.0K | $798.0K | $2M | $2M | $821.0K | $2M | $14.2K | |
| Stock-based Comp | $2M | $1M | $2M | $3M | $2M | $1M | $3M | $763.0K | $691.0K | $1M | $1M | $992.0K | $1M | $692.0K | $5M | $1M | |
| Amort. of Intangibles | $1M | $900.0K | $533.0K | $505.0K | $700.0K | $800.0K | $768.0K | $780.0K | $776.0K | $776.0K | $800.0K | $780.0K | $100.7K | $1M | $50.8K | $1M | |
| Operating Cash Flow | $-14M | $-9M | $-11M | $-9M | $-6M | $-4M | $-4M | $-5M | $-4M | $-4M | $-5M | $-4M | $-4M | $-4M | $-2M | $-5M | |
| CapEx | $3M | $2M | $1M | $3M | $1M | $2M | $3M | $514.0K | $1M | $2M | $-53.0K | $2M | $202.2K | $379.0K | $703.8K | $39.8K | |
| Investing Cash Flow | $-55M | $-474M | $-322M | $-463M | $-1M | $-2M | $-3M | $-514.0K | $-1M | $-2M | $53.0K | $-2M | $-702.2K | $-379.0K | $-747.7K | $83M | |
| Stock Issued | $793.0K | $4M | $719M | $475M | $188M | $94M | $92M | $0 | $2M | $12M | $2M | $8M | $8M | $6M | · | · | |
| Net Stock Activity | · | $4M | · | · | · | $94M | · | · | · | $12M | · | · | · | $7M | · | · | |
| Dividends Paid | · | · | · | · | · | · | $0 | $0 | $0 | $215.0K | $215.0K | $215.0K | $215.0K | $220.0K | · | · | |
| Financing Cash Flow | $793.0K | $4M | $719M | $476M | $189M | $94M | $83M | $6M | $2M | $9M | $-406.0K | $5M | $5M | $6M | $-2M | $-75M | |
| Net Change in Cash | · | · | · | · | · | · | · | · | · | · | · | $182.6K | $431.9K | $1M | · | $4M | |
| Free Cash Flow | · | $-11M | · | · | · | $-6M | · | · | · | $-5M | · | · | · | $-5M | · | · |
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 | -21.0% | -19.5% | · | 32.8% | 42.6% | 33.3% | · | 8.9% | 31.7% | 40.7% | · | 53.0% | 54.4% | 53.3% | · | 33.9% | |
| Operating Margin | -414.6% | -556.8% | · | -2709.4% | -16673.8% | -21246.2% | · | -5384.2% | -2878.1% | -23403.7% | · | -15202.8% | -3439.8% | -6461.1% | · | -18153.3% | |
| Net Margin | -211.7% | -109.7% | · | 620.3% | -59806.6% | 43543.6% | · | -5618.8% | -2838.2% | -23837.0% | · | -16409.1% | -4138.0% | -7057.3% | · | -20106.5% | |
| Pretax Margin | -211.7% | -109.7% | · | 620.3% | -59806.6% | 43543.6% | · | -5618.8% | -2838.2% | -23837.0% | · | · | · | · | · | · | |
| EBITDA Margin | -414.6% | -556.8% | · | -2709.4% | -16673.8% | -21246.2% | · | -5384.2% | -2878.1% | -23403.7% | · | -15202.8% | -3439.8% | -6461.1% | · | -18153.3% | |
| ROA | -1.1% | -0.43% | · | 0.49% | -14.5% | 10.6% | · | -6.8% | -6.3% | -7.6% | · | -9.0% | -5.1% | -16.5% | · | -14.2% | |
| ROE | -1.2% | -0.45% | · | 0.51% | -15.8% | 11.8% | · | -8.0% | -7.3% | -8.9% | · | -10.0% | -5.5% | -19.1% | · | -16.0% | |
| ROIC | -1.5% | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
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 | 53.1 | 66.7 | · | 154.9 | 88.2 | 44.7 | · | 1.6 | 1.2 | 2.2 | · | 1.0 | 0.7 | 0.6 | · | · | |
| Quick Ratio | 51.7 | 65.7 | · | 153.0 | 87.8 | 44.5 | · | 1.3 | 0.9 | 2.0 | · | 0.9 | 0.6 | 0.5 | · | · |
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 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Inventory Turnover | 1.0 | 2.1 | · | 0.4 | 0.1 | 0.2 | · | 0.8 | 0.9 | 0.2 | · | · | · | · | · | · | |
| Receivables Turnover | 1.6 | 1.7 | · | 1.4 | 0.8 | 1.5 | · | 3.1 | 2.1 | 0.6 | · | 1.0 | 1.1 | 2.7 | · | 0.8 |
Valuation (TTM) 11
| 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 | $10M | $4M | · | $585.0K | $384.0K | $350.0K | · | $361.0K | $372.0K | $310.0K | · | $320.6K | $336.1K | $255.4K | · | · | |
| Net Income TTM | $-50M | $-21M | · | $-23M | $-30M | $-323.0K | · | $-24M | $-26M | $-27M | · | $-28M | $-26M | $-26M | · | $-25M | |
| Market Cap | $2.20B | $1.54B | · | $3.44B | $3.03B | $1.10B | · | $62M | $47M | $90M | · | $81M | $79M | $79M | · | $85M | |
| P/E | -30.3 | -42.8 | · | -92.0 | -71.0 | -88.9 | · | -2.2 | -1.4 | -2.4 | · | -2.5 | -2.6 | -2.5 | · | -4.4 | |
| P/S | 226.6 | 370.0 | · | 5882.0 | 7883.2 | 3138.8 | · | 170.8 | 127.4 | 291.7 | · | 252.9 | 236.0 | 310.3 | · | · | |
| P/B | 1.4 | 1.0 | · | 3.9 | 7.6 | 5.0 | · | 1.0 | 0.7 | 1.3 | · | 1.0 | 1.0 | 1.0 | · | 1.0 | |
| P / Tangible Book | 1.6 | 1.1 | · | 4.2 | 9.1 | 7.0 | · | · | · | 124.4 | · | 19.2 | · | · | · | 63.9 | |
| P / Cash Flow | · | -163.9 | · | · | · | -247.9 | · | · | · | -23.5 | · | · | · | -16.8 | · | · | |
| P / FCF | · | -137.4 | · | · | · | -178.2 | · | · | · | -16.7 | · | · | · | -15.6 | · | · | |
| Earnings Yield | -3.3% | -2.3% | · | -1.1% | -1.4% | -1.1% | · | -45.9% | -71.7% | -41.4% | · | -40.7% | -38.1% | -39.7% | · | -22.7% | |
| Payout Ratio | · | · | · | · | · | · | · | · | · | -3.3% | · | · | · | · | · | · |
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 | $682.0K | $373.0K | $358.0K | $136.0K | — |
| Gross Margin % | 9.8% | 30.0% | 45.2% | — | — |
| Operating Margin % | -7489.3% | -6953.6% | -7330.5% | — | — |
| Net Income | $-19M | $-69M | $-27M | $-26M | $-28M |
| Diluted EPS | $-0.11 | $-0.73 | $-0.42 | $-0.73 | $-0.96 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.0 | — | — |
| Current Ratio | 102.4 | 17.4 | 0.6 | — | — |
| Quick Ratio | 100.9 | 17.3 | 0.4 | — | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-37M | $-22M | $-20M | — | $-7M |
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Institutional owners (13F) 367 filers · $870.1M 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 |
|---|---|---|---|---|
| 80 (+19 vs prior Q) | 41 (-3 vs prior Q) | 132 (+23 vs prior Q) | 59 (-19 vs prior Q) | +33.3M |
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 | $85,834,146 | 8,848,881 | 9.86% | Shares |
| JANE STREET GROUP, LLC | $69,087,280 | 7,122,400 | 7.94% | Call option |
| Defiance ETFs, LLC | $66,325,056 | 7,033,410 | 7.62% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $63,695,845 | 6,566,582 | 7.32% | Shares |
| STATE STREET CORP | $47,736,775 | 4,921,317 | 5.49% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $44,526,022 | 4,589,362 | 5.12% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $43,193,130 | 4,452,900 | 4.96% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $39,996,010 | 4,123,300 | 4.60% | Put option |
| CITADEL ADVISORS LLC | $24,133,600 | 2,488,000 | 2.77% | Call option |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $21,657,442 | 2,232,726 | 2.49% | Shares |
| GOLDMAN SACHS GROUP INC | $18,535,730 | 1,910,900 | 2.13% | Put option |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $15,924,917 | 1,641,744 | 1.83% | Shares |
| Mubadala Investment Co PJSC | $15,397,295 | 1,587,350 | 1.77% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $14,600,372 | 1,505,193 | 1.68% | Shares |
| CITADEL ADVISORS LLC | $14,594,620 | 1,504,600 | 1.68% | Put option |
| Clear Street Group Inc. | $13,851,590 | 1,427,999 | 1.59% | Shares |
| VAN ECK ASSOCIATES CORP | $12,778,314 | 1,317,352 | 1.47% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $12,626,684 | 1,301,720 | 1.45% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $11,376,994 | 1,172,886 | 1.31% | Shares |
| JANE STREET GROUP, LLC | $10,809,680 | 1,114,400 | 1.24% | Put option |
| BNP PARIBAS FINANCIAL MARKETS | $10,386,614 | 1,070,785 | 1.19% | Shares |
| Parallax Volatility Advisers, L.P. | $9,846,470 | 1,015,100 | 1.13% | Put option |
| Pacific Heights Asset Management LLC | $9,700,000 | 1,000,000 | 1.11% | Shares |
| Focus Financial Network, Inc. | $8,842,859 | 911,635 | 1.02% | Shares |
| RAYMOND JAMES FINANCIAL INC | $8,749,371 | 901,997 | 1.01% | Shares |
| WOLVERINE TRADING, LLC | $7,822,750 | 415,000 | 0.90% | Call option |
| Walleye Trading LLC | $5,875,290 | 605,700 | 0.68% | Put option |
| Walleye Trading LLC | $5,718,150 | 589,500 | 0.66% | Call option |
| WOLVERINE TRADING, LLC | $5,023,525 | 266,500 | 0.58% | Put option |
| Blackstone Inc. | $4,850,000 | 500,000 | 0.56% | Shares |
| GOLDMAN SACHS GROUP INC | $4,398,985 | 453,504 | 0.51% | Shares |
| ALGERT GLOBAL LLC | $4,318,935 | 445,251 | 0.50% | Shares |
| Bank of New York Mellon Corp | $4,213,389 | 434,370 | 0.48% | Shares |
| BARCLAYS PLC | $3,908,635 | 402,952 | 0.45% | Shares |
| Squarepoint Ops LLC | $3,906,452 | 402,727 | 0.45% | Shares |
| Swiss National Bank | $3,835,380 | 395,400 | 0.44% | Shares |
| LPL Financial LLC | $3,695,690 | 380,999 | 0.42% | Shares |
| UNICOM Systems, Inc. | $3,514,106 | 362,279 | 0.40% | Shares |
| MILLENNIUM MANAGEMENT LLC | $3,490,070 | 359,801 | 0.40% | Shares |
| UBS Group AG | $3,463,754 | 357,088 | 0.40% | Shares |
| D. E. Shaw & Co., Inc. | $3,134,245 | 323,118 | 0.36% | Shares |
| BlackRock, Inc. | $2,987,610 | 308,001 | 0.34% | Shares |
| PEAK6 LLC | $2,667,500 | 275,000 | 0.31% | Put option |
| RHUMBLINE ADVISERS | $2,558,035 | 263,716 | 0.29% | Shares |
| Point72 Asset Management, L.P. | $2,437,610 | 251,300 | 0.28% | Call option |
| BANK OF AMERICA CORP /DE/ | $2,343,064 | 241,553 | 0.27% | Shares |
| CITIGROUP INC | $2,341,008 | 241,341 | 0.27% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $2,237,790 | 230,700 | 0.26% | Put option |
| TWO SIGMA INVESTMENTS, LP | $1,806,955 | 186,284 | 0.21% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,726,214 | 252,002 | 0.20% | Shares |
| WELLS FARGO & COMPANY/MN | $1,705,832 | 175,859 | 0.20% | Shares |
| Foundations Investment Advisors, LLC | $1,672,542 | 172,427 | 0.19% | Shares |
| SLT Holdings LLC | $1,654,335 | 170,550 | 0.19% | Shares |
| Headlands Technologies LLC | $1,502,540 | 154,901 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $1,501,876 | 219,252 | 0.17% | Shares |
| Brevan Howard Capital Management LP | $1,490,201 | 153,629 | 0.17% | Shares |
| Quantinno Capital Management LP | $1,449,849 | 149,469 | 0.17% | Shares |
| Walleye Capital LLC | $1,432,690 | 147,700 | 0.16% | Call option |
| SBI Securities Co., Ltd. | $1,389,554 | 143,253 | 0.16% | Shares |
| COMERICA BANK | $1,377,918 | 134,300 | 0.16% | Shares |
| Marex Group Ltd | $1,358,514 | 140,053 | 0.16% | Shares |
| FIFTH THIRD BANCORP | $1,341,025 | 138,250 | 0.15% | Shares |
| Corient Private Wealth LP | $1,286,163 | 132,594 | 0.15% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,283,737 | 132,344 | 0.15% | Shares |
| XTX Topco Ltd | $1,241,144 | 127,953 | 0.14% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $1,228,273 | 126,626 | 0.14% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,208,038 | 124,540 | 0.14% | Shares |
| H D Vest Advisory Services | $1,192,489 | 62,206 | 0.14% | Shares |
| MetLife Investment Management, LLC | $1,173,904 | 121,021 | 0.13% | Shares |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | $1,090,658 | 112,439 | 0.13% | Shares |
| PEAK6 LLC | $1,069,910 | 110,300 | 0.12% | Call option |
| Walleye Capital LLC | $1,060,210 | 109,300 | 0.12% | Put option |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $1,015,900 | 104,732 | 0.12% | Shares |
| Moors & Cabot, Inc. | $1,004,775 | 103,585 | 0.12% | Shares |
| PEAK6 LLC | $973,201 | 100,330 | 0.11% | Shares |
| Yarbrough Capital, LLC | $960,843 | 99,056 | 0.11% | Shares |
| State of New Jersey Common Pension Fund D | $955,809 | 98,537 | 0.11% | Shares |
| Crawford Fund Management, LLC | $920,530 | 94,900 | 0.11% | Put option |
| Cetera Investment Advisers | $910,646 | 93,881 | 0.10% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $909,947 | 93,809 | 0.10% | Shares |
| Concurrent Investment Advisors, LLC | $871,334 | 89,828 | 0.10% | Shares |
| Point72 Asset Management, L.P. | $865,240 | 89,200 | 0.10% | Put option |
| JPMORGAN CHASE & CO | $848,904 | 85,575 | 0.10% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $840,922 | 86,693 | 0.10% | Shares |
| Invesco Ltd. | $795,536 | 82,014 | 0.09% | Shares |
| Graham Capital Management, L.P. | $776,000 | 80,000 | 0.09% | Shares |
| Vident Advisory, LLC | $774,002 | 79,794 | 0.09% | Shares |
| MILLENNIUM MANAGEMENT LLC | $771,150 | 79,500 | 0.09% | Call option |
| SIMPLEX TRADING, LLC | $761,779 | 78,534 | 0.09% | Shares |
| Leonteq Securities AG | $706,306 | 72,815 | 0.08% | Shares |
| BANQUE PICTET & CIE SA | $698,400 | 72,000 | 0.08% | Shares |
| Vanguard Global Advisers, LLC | $695,121 | 71,662 | 0.08% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $667,140 | 68,777 | 0.08% | Shares |
| VARCOV Co. | $627,231 | 64,663 | 0.07% | Shares |
| OSAIC HOLDINGS, INC. | $618,301 | 63,747 | 0.07% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $615,950 | 63,500 | 0.07% | Shares |
| Vontobel Holding Ltd. | $606,250 | 62,500 | 0.07% | Call option |
| AlphaQuest LLC | $600,733 | 58,551 | 0.07% | Shares |
| JANUS HENDERSON GROUP PLC | $600,675 | 87,818 | 0.07% | Shares |
| Police & Firemen's Retirement System of New Jersey | $590,546 | 60,881 | 0.07% | Shares |
Company insiders 15 insiders · 7 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Yuping Huang | CEO, President | Sept. 12, 2025 G | 20,887,718 | 0 | 1 | $-14,420,000 |
| William J Mcgann | CEO | April 2, 2025 D | 1,249,169 | 0 | 0 | $0 |
| Christopher Bruce Roberts | CFO and General Counsel | March 10, 2026 M | 1,123,038 | 0 | 2 | $-614,357 |
| Christopher Boehmler | Chief Financial Officer | June 13, 2025 D | 351,152 | 0 | 0 | $0 |
| Milan Begliarbekov | Chief Operating Officer | Jan. 7, 2026 S | 24,240 | 0 | 1 | $-33,891 |
| Pouya Dianat | Chief Revenue Officer | Aug. 18, 2025 D | 0 | 0 | 1 | $-266,728 |
| David Charles Morris | Chief Revenue Officer | Oct. 17, 2022 A | — | 0 | 0 | $0 |
| Eric Mark Schwartz | Director | April 13, 2026 A | 22,123 | 0 | 0 | $0 |
| Javad Shabani | Director | April 13, 2026 A | 22,123 | 0 | 2 | $-572,653 |
| Carl Scott Weimer | Director | April 13, 2026 A | 22,123 | 0 | 0 | $0 |
| Robert B Fagenson | Director | April 13, 2026 A | 22,123 | 0 | 5 | $-1,556,100 |
| Michael C Turmelle | Director | April 13, 2026 A | 22,123 | 0 | 0 | $0 |
| Robert Liscouski | Director | April 18, 2024 G | 989,055 | 0 | 0 | $0 |
| Bertrand Velge | Director | Jan. 26, 2023 A | — | 0 | 0 | $0 |
| Justin Schreiber | Director | Jan. 21, 2021 A | 250,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 4 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 |
|---|---|---|---|---|---|
| Yuping Huang ×3 filings | May 28, 2026 | 10.33% | Amendment | Passive investment | SEC |
| Schreiber Justin ×2 filings | April 19, 2021 | — | Initial filing | — | SEC |
| Robert Liscouski ×3 filings | April 7, 2021 | — | Initial filing | — | SEC |
| Christopher Bruce Roberts ×2 filings | April 6, 2021 | — | 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 36 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 |
|---|---|---|---|---|
| AIQ · Global X Funds | 0.23% | 2,126,970 NS | May 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.11% | 152,845 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.10% | 1,645,250 SH | Aug. 8, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.08% | 6,925 NS | April 30, 2026 | N-PORT |
| AVIE · AMERICAN CENTURY ETF TRUST | 0.07% | 581 NS | May 31, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.07% | 11,872 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.06% | 50,586 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.06% | 9,490 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.06% | 1,187,481 SH | Aug. 8, 2026 | Daily |
| SMLF · iShares Trust | 0.06% | 274,343 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.06% | 5,190,532 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.06% | 87,352 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.05% | 912,669 NS | May 31, 2026 | N-PORT |
| CHPX · Global X Funds | 0.05% | 9,685 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.04% | 7,422 NS | May 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.03% | 629,210 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.03% | 24,636 SH | Aug. 8, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.03% | 5,058,083 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.03% | 8,856 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.03% | 7,510 NS | May 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.03% | 28,860 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 2,196,251 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 32,816 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.02% | 280,585 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.02% | 12,043 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 32,335 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 7,915 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 188 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 78,272 NS | May 31, 2026 | N-PORT |
| IGM · iShares Trust | 0.01% | 89,968 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 107,421 NS | May 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 54,346 SH | Aug. 8, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 254,927 SH | Aug. 8, 2026 | Daily |
| TILT · FlexShares Trust | 0.00% | 4,312 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 6,448,295 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 16,667 SH | Aug. 8, 2026 | Daily |