RCUS Arcus Biosciences, Inc. Common Stock
About Arcus Biosciences, Inc. Common Stock Company overview from Wikipedia
RCUS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
RCUS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
RCUS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 5 26.3%
- Buy 10 52.6%
- Hold 4 21.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
12 analysts · 2026-08-19Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.72 | $-0.92 | 0.20% |
| March 31, 2026 | $-1.02 | $-0.89 | -0.13% |
| Dec. 31, 2025 | $-0.89 | $-1.05 | 0.16% |
| Sept. 30, 2025 | $-1.27 | $-1.34 | 0.07% |
| June 30, 2025 | $0.00 | $-1.15 | 1.1% |
| March 31, 2025 | $-1.14 | $-1.05 | -0.09% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| RCUS | $2.99B | -7.2 | -4.3% | -142.9% | -59.8% | — |
| RLAY | $1.47B | -5.3 | 53.4% | -1800.6% | -44.9% | — |
| TNGX | $1.20B | -10.2 | 48.3% | -162.8% | -42.2% | — |
| LEGN | — | — | — | — | — | — |
| DNLI | $2.58B | -5.6 | 204.7% | — | -50.2% | — |
| VKTX | $4.04B | -11.0 | — | — | -47.3% | — |
| IDYA | $3.04B | -27.0 | 3024.4% | -52.0% | -11.5% | — |
| VCYT | $3.34B | 51.3 | 16.0% | 12.8% | 5.2% | 70.1% |
| IOVA | $1.12B | -2.5 | 60.6% | -148.4% | -56.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $247M | $258M | $117M | $112M | $383M | $78M | $15M | $8M | $1M | |
| R&D Expense | $523M | $448M | $340M | $288M | $257M | $159M | $78M | $50M | $47M | |
| SG&A Expense | $110M | $120M | $117M | $104M | $72M | $43M | $25M | $14M | $8M | |
| Operating Expenses | $633M | $588M | $457M | $392M | $329M | $202M | $104M | $63M | $55M | |
| Operating Income | $-386M | $-330M | $-340M | $-280M | $54M | $-124M | $-89M | $-55M | $-53M | |
| Other Non-op | $33M | $48M | $39M | $14M | $1M | $1M | $4M | $5M | $359.0K | |
| Pretax Income | $-353M | $-282M | $-301M | $-266M | $55M | $-123M | $-85M | · | · | |
| Income Tax | $0 | $1M | $6M | $1M | $2M | · | · | · | · | |
| Net Income | $-353M | $-283M | $-307M | $-267M | $53M | $-123M | $-85M | $-50M | $-53M | |
| EPS (Basic) | $-3.29 | $-3.14 | $-4.15 | $-3.71 | $0.76 | $-2.24 | $-1.93 | · | · | |
| EPS (Diluted) | $-3.29 | $-3.14 | $-4.15 | $-3.71 | $0.71 | $-2.24 | $-1.93 | · | · | |
| Shares (Basic) | 107,400,000 | 90,100,000 | 74,000,000 | 72,000,000 | 69,300,000 | 54,800,000 | 43,825,991 | 36,357,336 | 3,885,508 | |
| Shares (Diluted) | 107,400,000 | 90,100,000 | 74,000,000 | 72,000,000 | 74,000,000 | 54,800,000 | 43,825,991 | · | · | |
| EBITDA | $-386M | $-330M | $-340M | $-280M | $54M | $-124M | $-89M | $-55M | · |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $222M | $150M | $127M | $206M | $148M | $173M | $58M | $71M | $98M | |
| Short-term Investments | · | · | · | · | · | $555M | $130M | $185M | $77M | |
| Prepaid Expense | $15M | $18M | $34M | $19M | $18M | $5M | $4M | $2M | $1M | |
| Current Assets | $1.01B | $1.02B | $831M | $1.07B | $1.26B | $736M | $193M | $259M | $177M | |
| PP&E (Net) | $40M | $47M | $51M | $35M | $32M | $11M | $9M | $11M | $11M | |
| PP&E (Gross) | $90M | $88M | $82M | $58M | $50M | $25M | $21M | $19M | $15M | |
| Accum. Depreciation | $50M | $41M | $31M | $23M | $18M | $14M | $11M | $8M | $4M | |
| Other Non-current Assets | $63M | $73M | $106M | $114M | $116M | $6M | $872.0K | $284.0K | $2M | |
| Total Assets | $1.14B | $1.15B | $1.09B | $1.34B | $1.59B | $772M | $203M | $275M | $190M | |
| Accounts Payable | $42M | $18M | $17M | $20M | $10M | $16M | $5M | $3M | $4M | |
| Accrued Liabilities | · | · | · | · | $24M | $10M | $5M | $6M | $3M | |
| Current Liabilities | $231M | $226M | $184M | $193M | $166M | $122M | $23M | $17M | $13M | |
| Capital Leases | $86M | $99M | $110M | $117M | $117M | $15M | · | · | · | |
| Other Non-current Liabilities | $135M | $157M | $142M | $140M | $122M | $543.0K | $806.0K | $2M | $565.0K | |
| Total Liabilities | · | · | · | · | $750M | $270M | $39M | $40M | $37M | |
| Long-term Debt | $99M | $48M | $0 | · | · | · | · | · | · | |
| Common Stock | $2.12B | $1.62B | $1.31B | $1.21B | $1.12B | $6.0K | $4.0K | $4.0K | · | |
| Paid-in Capital | · | · | · | · | $1.12B | $830M | $369M | $358M | $948.0K | |
| Retained Earnings | $-1.49B | $-1.13B | $-849M | $-542M | $-275M | $-328M | $-205M | $-123M | $-73M | |
| AOCI | $0 | · | $0 | $-7M | $-1M | $44.0K | $64.0K | $-107.0K | $-42.0K | |
| Stockholders' Equity | $631M | $485M | $462M | $657M | $842M | $502M | $164M | $235M | $-72M | |
| Liabilities + Equity | $1.14B | $1.15B | $1.09B | $1.34B | $1.59B | $772M | $203M | $275M | $190M | |
| Shares Outstanding | 125,300,000 | 92,200,000 | 75,500,000 | 72,900,000 | 70,800,000 | 63,700,000 | 44,200,000 | 43,610,823 | 3,278,129 |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $10M | $10M | $8M | $6M | $4M | $3M | $4M | $4M | $3M | |
| Stock-based Comp | $60M | $76M | $73M | $65M | $55M | $22M | $9M | $4M | $495.0K | |
| Operating Cash Flow | $-482M | $-170M | $-306M | $438M | $-256M | $111M | $-73M | $-43M | $-25M | |
| CapEx | $2M | $6M | $24M | $6M | $26M | $3M | $2M | $4M | $6M | |
| Investing Cash Flow | $66M | $-84M | $194M | $-413M | $-4M | $-434M | $59M | $-113M | $-49M | |
| Stock Issued | $429M | $228M | $25M | $0 | $220M | $434M | $1M | $4M | · | |
| Stock Repurchased | · | · | · | · | · | · | $94.0K | $0 | · | |
| Net Stock Activity | $429M | $228M | $25M | · | $220M | $434M | $1M | · | · | |
| Financing Cash Flow | $488M | $277M | $33M | $33M | $237M | $439M | $1M | $129M | $107M | |
| Net Change in Cash | $72M | $23M | $-79M | $58M | $-23M | $116M | $-13M | $-27M | $33M | |
| Taxes Paid | $0 | $0 | $5M | · | · | · | · | · | · | |
| Free Cash Flow | $-484M | $-176M | $-330M | $432M | $-282M | $108M | $-75M | $-47M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -156.3% | -127.9% | -290.6% | -250.0% | 14.2% | · | -591.4% | -656.8% | · | |
| Net Margin | -142.9% | -109.7% | -262.4% | -238.4% | 13.8% | · | -564.7% | -593.7% | · | |
| Pretax Margin | -142.9% | -109.3% | -257.3% | -237.5% | 14.3% | · | · | · | · | |
| EBITDA Margin | -156.3% | -127.9% | -290.6% | -250.0% | 14.2% | · | -591.4% | -656.8% | · | |
| ROA | -30.8% | -25.2% | -25.2% | -18.2% | 4.5% | -25.2% | -35.4% | -21.3% | · | |
| ROE | -59.8% | -53.9% | -62.5% | -39.4% | 7.6% | -23.5% | -49.7% | -20.7% | · | |
| ROIC | -61.2% | -68.3% | -75.1% | -42.8% | 6.2% | · | · | · | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.4 | 4.5 | 4.5 | 5.5 | 7.6 | 6.0 | 8.5 | 15.3 | · | |
| Quick Ratio | 1.0 | 0.7 | 0.7 | 1.1 | 0.9 | 6.0 | 8.3 | 15.1 | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | 0.1 | 0.1 | 0.3 | · | 0.1 | 0.0 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -4.3% | 120.5% | 4.5% | -70.8% | 391.0% | · | · | · | · | |
| Revenue CAGR 3Y | 30.2% | -12.3% | 14.5% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 25.9% | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $247M | $258M | $117M | $112M | $383M | $78M | $15M | $8M | · | |
| Net Income TTM | $-353M | $-283M | $-307M | $-267M | $53M | $-123M | $-85M | $-50M | · | |
| Market Cap | $2.99B | $1.37B | $1.44B | $1.51B | $2.86B | $1.69B | $464M | $480M | · | |
| P/E | -7.2 | -4.7 | -4.6 | -5.6 | 57.0 | -11.6 | -5.2 | · | · | |
| P/S | 12.1 | 5.3 | 12.3 | 13.5 | 7.5 | 21.7 | 30.9 | 57.4 | · | |
| P/B | 4.7 | 2.8 | 3.1 | 2.3 | 3.4 | 3.4 | 2.8 | 2.0 | · | |
| P / Tangible Book | 4.7 | 2.8 | 3.1 | 2.3 | 3.4 | 3.4 | · | · | · | |
| P / Cash Flow | -6.2 | -8.1 | -4.7 | 3.4 | -11.2 | 15.2 | -6.3 | -11.2 | · | |
| P / FCF | -6.2 | -7.8 | -4.4 | 3.5 | -10.1 | 15.6 | -6.2 | -10.3 | · | |
| Earnings Yield | -13.8% | -21.1% | -21.7% | -17.9% | 1.8% | -8.6% | -19.1% | · | · |
Income Statement 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41M | $17M | $33M | $26M | $160M | $28M | $26M | $48M | $39M | $145M | $31M | $32M | $29M | $25M | $34M | $33M | |
| R&D Expense | $113M | $122M | $121M | $141M | $139M | $122M | $101M | $123M | $115M | $109M | $93M | $82M | $84M | $81M | $80M | $77M | |
| SG&A Expense | $24M | $29M | $26M | $27M | $29M | $28M | $28M | $30M | $30M | $32M | $29M | $30M | $28M | $30M | $28M | $26M | |
| Operating Expenses | $137M | $151M | $147M | $168M | $168M | $150M | $129M | $153M | $145M | $161M | $122M | $112M | $112M | $111M | $108M | $103M | |
| Operating Income | $-96M | $-134M | $-114M | $-142M | $-8M | $-122M | $-103M | $-105M | $-106M | $-16M | $-91M | $-80M | $-83M | $-86M | $-74M | $-70M | |
| Other Non-op | $5M | $6M | $8M | $7M | $8M | $10M | $10M | $13M | $13M | $12M | $11M | $11M | $9M | $8M | $7M | $5M | |
| Pretax Income | $-91M | $-128M | $-106M | $-135M | $0 | $-112M | $-93M | $-92M | $-93M | $-4M | $-80M | $-69M | $-74M | $-78M | $-67M | $-65M | |
| Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $0 | $0 | $0 | $1M | $2M | $1M | $2M | $0 | $0 | |
| Net Income | $-91M | $-128M | $-106M | $-135M | $0 | $-112M | $-94M | $-92M | $-93M | $-4M | $-81M | $-71M | $-75M | $-80M | $-67M | $-65M | |
| EPS (Basic) | $-0.72 | $-1.02 | $-0.88 | $-1.27 | $0.00 | $-1.14 | $-1.07 | $-1.00 | $-1.02 | $-0.05 | $-1.08 | $-0.94 | $-1.04 | $-1.09 | $-0.93 | $-0.90 | |
| EPS (Diluted) | $-0.72 | $-1.02 | $-0.88 | $-1.27 | $0.00 | $-1.14 | $-1.07 | $-1.00 | $-1.02 | $-0.05 | $-1.08 | $-0.94 | $-1.04 | $-1.09 | $-0.93 | $-0.90 | |
| Shares (Basic) | 126,100,000 | 125,400,000 | -203,600,000 | 106,500,000 | 106,100,000 | 98,400,000 | -178,600,000 | 91,400,000 | 91,100,000 | 86,200,000 | -146,800,000 | 74,600,000 | 73,200,000 | 73,000,000 | -143,200,000 | 72,200,000 | |
| Shares (Diluted) | 126,100,000 | 125,400,000 | -204,000,000 | 106,500,000 | 106,500,000 | 98,400,000 | -178,600,000 | 91,400,000 | 91,100,000 | 86,200,000 | -146,800,000 | 74,600,000 | 73,200,000 | 73,000,000 | -143,200,000 | 72,200,000 | |
| EBITDA | $-96M | $-134M | · | $-142M | $-8M | $-122M | · | $-105M | $-106M | $-16M | · | $-80M | $-83M | $-86M | · | $-69M |
Balance Sheet 22
| 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 | $150M | $201M | $222M | $238M | $248M | $192M | $150M | $201M | $156M | $185M | · | $184M | $230M | $238M | · | $218M | |
| Prepaid Expense | $18M | $19M | $15M | $15M | $20M | $19M | $18M | $22M | $25M | $34M | · | $31M | $22M | $28M | · | $22M | |
| Current Assets | $756M | $844M | $1.01B | $857M | $946M | $1.03B | $1.02B | $1.13B | $1.02B | $1.06B | · | $882M | $986M | $1.01B | · | $1.10B | |
| PP&E (Net) | $36M | $38M | $40M | $42M | $44M | $46M | $47M | $48M | $49M | $51M | · | $50M | $45M | $37M | · | $34M | |
| PP&E (Gross) | · | · | $90M | · | · | · | $88M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $50M | · | · | · | $41M | · | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $59M | $61M | $63M | $65M | $69M | $71M | $73M | $75M | $75M | $78M | · | $108M | $109M | $112M | · | $11M | |
| Total Assets | $924M | $997M | $1.14B | $974M | $1.07B | $1.16B | $1.15B | $1.25B | $1.19B | $1.29B | · | $1.19B | $1.22B | $1.25B | · | $1.39B | |
| Accounts Payable | $34M | $39M | $42M | $42M | $29M | $22M | $18M | $13M | $15M | $16M | · | $17M | $12M | $28M | · | $11M | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $21M | |
| Current Liabilities | $198M | $209M | $231M | $235M | $210M | $192M | $226M | $215M | $199M | $204M | · | $200M | $180M | $179M | · | $177M | |
| Capital Leases | · | · | $86M | · | · | · | $99M | · | · | · | · | · | · | · | · | $119M | |
| Other Non-current Liabilities | $124M | $119M | $135M | $152M | $159M | $166M | $157M | $136M | $138M | $140M | · | $145M | $144M | $145M | · | $16M | |
| Total Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $695M | |
| Long-term Debt | $101M | $100M | $99M | $98M | $97M | $48M | $48M | $47M | · | · | · | · | · | · | · | · | |
| Common Stock | $2.17B | $2.14B | $2.12B | $1.81B | $1.79B | $1.77B | $1.62B | $1.60B | $1.58B | $1.56B | · | $1.29B | $1.27B | $1.23B | · | $7.0K | |
| Paid-in Capital | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $1.18B | |
| Retained Earnings | $-1.70B | $-1.61B | $-1.49B | $-1.38B | $-1.24B | $-1.24B | $-1.13B | $-1.04B | $-946M | $-853M | · | $-768M | $-697M | $-622M | · | $-475M | |
| AOCI | $-1M | $-1M | · | · | · | · | · | $1M | $-1M | $-1M | · | $-3M | $-4M | $-4M | · | $-10M | |
| Stockholders' Equity | $464M | $524M | $631M | $436M | $549M | $531M | $485M | $565M | $635M | $707M | $462M | $520M | $566M | $600M | $657M | $699M | |
| Liabilities + Equity | $924M | $997M | $1.14B | $974M | $1.07B | $1.16B | $1.15B | $1.25B | $1.19B | $1.29B | · | $1.19B | $1.22B | $1.25B | · | $1.39B | |
| Shares Outstanding | 127,000,000 | 125,500,000 | 125,300,000 | 107,100,000 | 106,400,000 | 105,900,000 | 92,200,000 | 91,500,000 | 91,300,000 | 90,900,000 | 75,500,000 | 74,800,000 | 74,500,000 | 73,100,000 | 72,900,000 | 72,352,380 |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $2M | $3M | $2M | $2M | $3M | $3M | $2M | $2M | $3M | $3M | $1M | $2M | $2M | $1M | $2M | |
| Stock-based Comp | $15M | $19M | $15M | $14M | $15M | $16M | $17M | $19M | $20M | $20M | $18M | $18M | $18M | $19M | $17M | $16M | |
| Operating Cash Flow | $-119M | $-138M | $-120M | $-97M | $-133M | $-132M | $-100M | $26M | $-94M | $-2M | $-88M | $-63M | $-57M | $-98M | $-70M | $-81M | |
| CapEx | $0 | $0 | $1M | $0 | $0 | $1M | $1M | $1M | $0 | $4M | $6M | $10M | $5M | $3M | $0 | $2M | |
| Investing Cash Flow | $52M | $114M | $-182M | $79M | $137M | $32M | $51M | $-29M | $63M | $-169M | $28M | $11M | $26M | $129M | $47M | $23M | |
| Stock Issued | $0 | $0 | $279M | $8M | $0 | $142M | $0 | $0 | $0 | $228M | $0 | $5M | $20M | $0 | $0 | · | |
| Net Stock Activity | · | $0 | · | · | · | $142M | · | · | · | $228M | · | · | · | · | · | · | |
| Financing Cash Flow | $16M | $3M | $286M | $8M | $52M | $142M | $-2M | $48M | $2M | $229M | $3M | $6M | $23M | $1M | $11M | $3M | |
| Net Change in Cash | $-51M | $-21M | $-16M | $-10M | $56M | $42M | $-51M | $45M | $-29M | $58M | $-57M | $-46M | $-8M | $32M | $-12M | $-55M | |
| Free Cash Flow | · | $-138M | · | · | · | $-133M | · | · | · | $-6M | · | · | · | $-101M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -234.1% | -788.2% | · | -546.1% | -5.0% | -435.7% | · | -218.8% | -271.8% | -11.0% | · | -250.0% | -286.2% | -344.0% | · | -206.7% | |
| Net Margin | -221.9% | -752.9% | · | -519.2% | 0.00% | -400.0% | · | -191.7% | -238.5% | -2.8% | · | -221.9% | -258.6% | -320.0% | · | -193.3% | |
| Pretax Margin | -221.9% | -752.9% | · | -519.2% | 0.00% | -400.0% | · | -191.7% | -238.5% | -2.8% | · | -215.6% | -255.2% | -312.0% | · | -193.3% | |
| EBITDA Margin | -234.1% | -788.2% | · | -546.1% | -5.0% | -435.7% | · | -218.8% | -271.8% | -11.0% | · | -250.0% | -286.2% | -344.0% | · | -206.7% | |
| ROA | -9.1% | -11.9% | · | -12.1% | 0.00% | -9.2% | · | -7.5% | -7.7% | -0.31% | · | -5.5% | -5.6% | -5.7% | · | -5.8% | |
| ROE | -18.0% | -24.3% | · | -27.0% | 0.00% | -18.1% | · | -17.0% | -15.5% | -0.61% | · | -11.7% | -11.4% | -11.5% | · | -10.5% | |
| ROIC | -20.7% | -25.6% | · | -32.6% | · | -23.0% | · | -18.6% | -16.7% | -2.3% | · | -15.8% | -14.9% | -14.7% | · | -9.9% |
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 | 3.8 | 4.0 | · | 3.6 | 4.5 | 5.4 | · | 5.2 | 5.1 | 5.2 | · | 4.4 | 5.5 | 5.7 | · | 6.2 | |
| Quick Ratio | 0.8 | 1.0 | · | 1.0 | 1.2 | 1.0 | · | 0.9 | 0.8 | 0.9 | · | 0.9 | 1.3 | 1.3 | · | 1.2 |
Efficiency 1
| 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 | 0.1 | 0.0 | · | 0.0 | 0.0 | 0.1 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
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 | $244M | $231M | · | $262M | $275M | $260M | · | $264M | $245M | $231M | · | $119M | $114M | $103M | · | $87M | |
| Net Income TTM | $-354M | $-375M | · | $-339M | $-297M | $-301M | · | $-260M | $-243M | $-230M | · | $-291M | $-287M | $-280M | · | $-278M | |
| Market Cap | $3.92B | $2.71B | · | $1.46B | $866M | $831M | · | $1.40B | $1.39B | $1.72B | · | $1.34B | $1.51B | $1.33B | · | $1.89B | |
| P/E | -10.2 | -6.3 | · | -4.0 | -2.6 | -2.4 | · | -5.1 | -5.0 | -6.1 | · | -4.5 | · | · | · | · | |
| P/S | 16.0 | 11.7 | · | 5.6 | 3.1 | 3.2 | · | 5.3 | 5.7 | 7.4 | · | 11.3 | 13.3 | 12.9 | · | 21.6 | |
| P/B | 8.4 | 5.2 | · | 3.3 | 1.6 | 1.6 | · | 2.5 | 2.2 | 2.4 | · | 2.6 | 2.7 | 2.2 | · | 2.7 | |
| P / Tangible Book | 8.4 | 5.2 | · | 3.3 | 1.6 | 1.6 | · | 2.5 | 2.2 | 2.4 | · | 2.6 | 2.7 | 2.2 | · | 2.7 | |
| P / Cash Flow | · | -19.6 | · | · | · | -6.3 | · | · | · | -858.1 | · | · | · | -13.6 | · | · | |
| P / FCF | · | -19.6 | · | · | · | -6.3 | · | · | · | -286.0 | · | · | · | -13.2 | · | · | |
| Earnings Yield | -9.8% | -15.9% | · | -25.1% | -38.8% | -40.9% | · | -19.7% | -20.0% | -16.5% | · | -22.1% | · | · | · | · |
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 | $247M | $258M | $117M | $112M | $383M |
| Operating Margin % | -156.3% | -127.9% | -290.6% | -250.0% | 14.2% |
| Net Income | $-353M | $-283M | $-307M | $-267M | $53M |
| Diluted EPS | $-3.29 | $-3.14 | $-4.15 | $-3.71 | $0.71 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 4.4 | 4.5 | 4.5 | 5.5 | 7.6 |
| Quick Ratio | 1.0 | 0.7 | 0.7 | 1.1 | 0.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-484M | $-176M | $-330M | $432M | $-282M |
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Institutional owners (13F) 245 filers · $2.9B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 53 (+19 vs prior Q) | 22 (-10 vs prior Q) | 77 (-7 vs prior Q) | 63 (+6 vs prior Q) | +8.8M |
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 |
|---|---|---|---|---|
| GILEAD SCIENCES, INC. | $968,825,351 | 31,424,760 | 33.45% | Shares |
| STATE STREET CORP | $185,888,992 | 6,029,484 | 6.42% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $160,894,432 | 5,218,762 | 5.56% | Shares |
| MONTANOVA CAPITAL, LLC | $147,257,121 | 4,776,423 | 5.08% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $137,980,528 | 4,475,528 | 4.76% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $119,877,707 | 3,888,346 | 4.14% | Shares |
| FMR LLC | $101,922,870 | 3,305,964 | 3.52% | Shares |
| CITADEL ADVISORS LLC | $96,653,807 | 3,135,057 | 3.34% | Shares |
| Woodline Partners LP | $92,730,412 | 3,007,798 | 3.20% | Shares |
| Fisher Asset Management, LLC | $65,957,578 | 2,139,396 | 2.28% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $65,412,692 | 2,121,305 | 2.26% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $42,069,539 | 1,364,565 | 1.45% | Shares |
| GOLDMAN SACHS GROUP INC | $36,947,289 | 1,198,420 | 1.28% | Shares |
| Soleus Capital Management, L.P. | $36,032,193 | 1,168,738 | 1.24% | Shares |
| Sofinnova Investments, Inc. | $29,155,623 | 945,690 | 1.01% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $29,034,337 | 941,756 | 1.00% | Shares |
| Parkman Healthcare Partners LLC | $28,340,971 | 919,266 | 0.98% | Shares |
| BAKER BROS. ADVISORS LP | $26,045,677 | 844,816 | 0.90% | Shares |
| BANK OF AMERICA CORP /DE/ | $21,864,698 | 709,202 | 0.76% | Shares |
| Siren, L.L.C. | $20,823,507 | 675,430 | 0.72% | Shares |
| Candriam S.C.A. | $20,389,238 | 661,981 | 0.70% | Shares |
| Aberdeen Group plc | $20,061,451 | 650,712 | 0.69% | Shares |
| Logos Global Management LP | $20,039,500 | 650,000 | 0.69% | Shares |
| TWO SIGMA INVESTMENTS, LP | $19,589,505 | 635,404 | 0.68% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $18,993,993 | 616,088 | 0.66% | Shares |
| SAMLYN CAPITAL, LLC | $18,207,088 | 590,564 | 0.63% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $15,787,550 | 512,084 | 0.55% | Shares |
| Ikarian Capital, LLC | $15,555,555 | 504,559 | 0.54% | Shares |
| Decheng Capital LLC | $14,329,137 | 464,779 | 0.49% | Shares |
| DAFNA Capital Management LLC | $13,621,588 | 441,829 | 0.47% | Shares |
| VANGUARD GROUP INC | $13,485,016 | 565,884 | 0.47% | Shares |
| MORGAN STANLEY | $13,027,944 | 422,573 | 0.45% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $11,688,000 | 379,100 | 0.40% | Shares |
| Patient Square Capital LP | $10,969,314 | 355,800 | 0.38% | Shares |
| JPMORGAN CHASE & CO | $10,787,961 | 347,103 | 0.37% | Shares |
| PDT Partners, LLC | $9,975,571 | 323,567 | 0.34% | Shares |
| BlackRock, Inc. | $9,716,691 | 315,170 | 0.34% | Shares |
| Public Sector Pension Investment Board | $9,192,149 | 298,156 | 0.32% | Shares |
| FIRST TRUST ADVISORS LP | $8,368,310 | 271,434 | 0.29% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $6,936,997 | 225,008 | 0.24% | Shares |
| DIADEMA PARTNERS LP | $6,900,062 | 223,810 | 0.24% | Shares |
| RHUMBLINE ADVISERS | $6,757,319 | 219,181 | 0.23% | Shares |
| Ensign Peak Advisors, Inc | $6,647,349 | 215,613 | 0.23% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $5,981,020 | 194,000 | 0.21% | Call option |
| Cutter Capital Management, LP | $5,744,771 | 731,818 | 0.20% | Shares |
| Rock Springs Capital Management LP | $5,549,400 | 180,000 | 0.19% | Shares |
| Swiss National Bank | $5,429,040 | 176,096 | 0.19% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $5,411,189 | 175,517 | 0.19% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $4,755,959 | 154,264 | 0.16% | Shares |
| AMERIPRISE FINANCIAL INC | $4,742,054 | 153,813 | 0.16% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $4,720,350 | 153,109 | 0.16% | Shares |
| PFM Health Sciences, LP | $4,690,137 | 152,129 | 0.16% | Shares |
| Hudson Bay Capital Management LP | $4,316,200 | 140,000 | 0.15% | Shares |
| Man Group plc | $4,247,233 | 137,763 | 0.15% | Shares |
| PLATINUM INVESTMENT MANAGEMENT LTD | $4,137,910 | 134,217 | 0.14% | Shares |
| Legal & General Group Plc | $4,106,618 | 133,202 | 0.14% | Shares |
| MILLENNIUM MANAGEMENT LLC | $4,103,781 | 133,110 | 0.14% | Shares |
| DIADEMA PARTNERS LP | $3,822,920 | 124,000 | 0.13% | Call option |
| Schonfeld Strategic Advisors LLC | $3,778,956 | 122,574 | 0.13% | Shares |
| SECTORAL ASSET MANAGEMENT INC | $3,418,122 | 110,870 | 0.12% | Shares |
| PRUDENTIAL FINANCIAL INC | $3,409,890 | 110,603 | 0.12% | Shares |
| CITIGROUP INC | $3,291,781 | 106,772 | 0.11% | Shares |
| AXA Investment Managers S.A. | $3,164,285 | 232,668 | 0.11% | Shares |
| D. E. Shaw & Co., Inc. | $2,972,536 | 96,417 | 0.10% | Shares |
| MARSHALL WACE, LLP | $2,778,862 | 90,135 | 0.10% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,742,660 | 126,975 | 0.09% | Shares |
| Parallel Advisors, LLC | $2,668,552 | 86,557 | 0.09% | Shares |
| Odyssean, LLC | $2,635,873 | 85,497 | 0.09% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $2,540,361 | 82,399 | 0.09% | Shares |
| Knott David M Jr | $2,504,660 | 81,241 | 0.09% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $2,284,762 | 105,776 | 0.08% | Shares |
| Rafferty Asset Management, LLC | $2,211,282 | 71,725 | 0.08% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,958,568 | 63,528 | 0.07% | Shares |
| Caption Management, LLC | $1,911,460 | 62,000 | 0.07% | Shares |
| FRED ALGER MANAGEMENT, LLC | $1,865,030 | 60,494 | 0.06% | Shares |
| BIT Capital GmbH | $1,849,800 | 60,000 | 0.06% | Shares |
| Corient Private Wealth LP | $1,823,102 | 59,134 | 0.06% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $1,819,617 | 59,021 | 0.06% | Shares |
| Quantinno Capital Management LP | $1,765,172 | 57,255 | 0.06% | Shares |
| Persistent Asset Partners Ltd | $1,758,790 | 57,048 | 0.06% | Shares |
| Susquehanna Portfolio Strategies, LLC | $1,654,584 | 53,668 | 0.06% | Shares |
| WINTON GROUP Ltd | $1,615,430 | 52,398 | 0.06% | Shares |
| MetLife Investment Management, LLC | $1,606,551 | 52,110 | 0.06% | Shares |
| Illinois Municipal Retirement Fund | $1,578,928 | 51,214 | 0.05% | Shares |
| SummitTX Capital, L.P. | $1,555,774 | 50,463 | 0.05% | Shares |
| Burkehill Global Management, LP | $1,541,500 | 50,000 | 0.05% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $1,412,816 | 45,826 | 0.05% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $1,270,011 | 41,194 | 0.04% | Shares |
| Vanguard Global Advisers, LLC | $1,248,615 | 40,500 | 0.04% | Shares |
| PROFUND ADVISORS LLC | $1,218,772 | 39,532 | 0.04% | Shares |
| STRS OHIO | $1,211,619 | 39,300 | 0.04% | Shares |
| Louisiana State Employees Retirement System | $1,171,540 | 38,000 | 0.04% | Shares |
| JANE STREET GROUP, LLC | $1,137,627 | 36,900 | 0.04% | Call option |
| INTECH INVESTMENT MANAGEMENT LLC | $1,105,008 | 35,842 | 0.04% | Shares |
| Invesco Ltd. | $1,097,733 | 35,606 | 0.04% | Shares |
| Trexquant Investment LP | $1,016,989 | 32,987 | 0.04% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $1,004,780 | 32,591 | 0.03% | Shares |
| State of Tennessee, Department of Treasury | $999,386 | 32,416 | 0.03% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $969,727 | 31,454 | 0.03% | Shares |
| NOMURA HOLDINGS INC | $924,900 | 30,000 | 0.03% | Call option |
Company insiders 21 insiders · 11 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Terry J Rosen | Chief Executive Officer | Jan. 23, 2026 A | 2,236,409 | 0 | 2 | $-1,203,847 |
| Ii Robert C. Goeltz | Chief Financial Officer | June 7, 2023 S | 59,392 | 0 | 0 | $0 |
| Rekha Hemrajani | Chief Operating Officer and Chief Financial Officer | March 25, 2019 A | — | 0 | 0 | $0 |
| Juan C. Jaen | President | July 10, 2026 S | 822,240 | 0 | 7 | $-2,909,338 |
| Jennifer Jarrett | Chief Operating Officer | July 28, 2023 S | 336,566 | 0 | 0 | $0 |
| Carolyn C. Tang | General Counsel | June 11, 2026 M | 184,607 | 0 | 0 | $0 |
| Alexander Azoy | Chief Accounting Officer | June 1, 2026 S | 39,581 | 0 | 1 | $-66,023 |
| Nuyten Dimitry SA | Chief Medical Officer | Jan. 23, 2023 A | 76,500 | 0 | 0 | $0 |
| William Grossman | Chief Medical Officer | June 17, 2021 S | 20,723 | 0 | 0 | $0 |
| Jason Barker | VP Finance; Principal Financial and Accounting Officer | June 4, 2020 A | 10,000 | 0 | 0 | $0 |
| Steven Chan | Principal Financial and Accounting Officer | Jan. 16, 2019 A | — | 0 | 0 | $0 |
| Antoni Ribas | Director | June 11, 2026 A | 44,300 | 0 | 0 | $0 |
| Nicole Lambert | Director | June 11, 2026 A | 43,000 | 0 | 0 | $0 |
| David L. Lacey | Director | June 11, 2026 A | 76,652 | 0 | 0 | $0 |
| Patrick Machado | Director | June 11, 2026 A | 44,300 | 0 | 0 | $0 |
| Yasunori Kaneko | Director | June 11, 2026 A | 25,700 | 0 | 0 | $0 |
| Kathryn E Falberg | Director | June 11, 2026 A | 44,300 | 0 | 0 | $0 |
| Andrew J Perlman | Director | June 11, 2026 A | 48,325 | 0 | 0 | $0 |
| Kristen Hege | Director | June 6, 2019 A | — | 0 | 0 | $0 |
| David W Beier | Director | June 6, 2019 A | — | 0 | 0 | $0 |
| Hadley Harbor Master Investors (Cayman) II L.P. | 10% owner | March 19, 2018 C | 1,496,813 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 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 |
|---|---|---|---|---|---|
| Gilead Sciences, Inc. | Aug. 7, 2026 | 24.70% | Amendment | — | SEC |
| Terry Rosen, Ph.D. ×2 filings | Dec. 17, 2024 | — | Initial filing | — | SEC |
| Juan Jaen, Ph.D., Anita Galeana, Juan Carlos Jaen and Anita Galeana 2000 Trust ×2 filings | Oct. 15, 2020 | — | 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 65 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 |
|---|---|---|---|---|
| IDNA · iShares Trust | 2.61% | 181,763 SH | Aug. 8, 2026 | Daily |
| PSCH · Invesco Exchange-Traded Fund Trust … | 1.26% | 75,316 SH | Aug. 8, 2026 | Daily |
| CANC · Tema ETF Trust | 1.20% | 83,140 NS | May 31, 2026 | N-PORT |
| BBC · ETFis Series Trust I | 0.88% | 12,819 NS | April 30, 2026 | N-PORT |
| LABU · Direxion Shares ETF Trust | 0.61% | 123,926 NS | April 30, 2026 | N-PORT |
| XSMO · Invesco Exchange-Traded Fund Trust | 0.52% | 563,494 SH | Aug. 8, 2026 | Daily |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.44% | 69,887 SH | Aug. 8, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.39% | 159,126 NS | April 30, 2026 | N-PORT |
| VFMO · VANGUARD WELLINGTON FUND | 0.19% | 121,164 SH | Aug. 8, 2026 | Daily |
| IBB · iShares Trust | 0.18% | 613,237 SH | Aug. 8, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.18% | 65,077 SH | Aug. 8, 2026 | Daily |
| IJT · iShares Trust | 0.17% | 509,219 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.17% | 15,501 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.15% | 10,260 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.14% | 303,431 SH | Aug. 8, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.13% | 64,107 NS | April 30, 2026 | N-PORT |
| IJR · iShares Trust | 0.13% | 5,289,929 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.13% | 75,323 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.12% | 632,873 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 32,503 NS | April 30, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.11% | 68,135 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.10% | 102,727 SH | Aug. 8, 2026 | Daily |
| BKSE · BNY Mellon ETF Trust | 0.10% | 3,121 NS | April 30, 2026 | N-PORT |
| IJS · iShares Trust | 0.10% | 287,236 SH | Aug. 8, 2026 | Daily |
| SAA · ProShares Trust | 0.10% | 1,015 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.08% | 514,877 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.08% | 2,260,216 SH | Aug. 8, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.08% | 14,839 NS | April 30, 2026 | N-PORT |
| SMMV · iShares Trust | 0.07% | 7,465 SH | Aug. 8, 2026 | Daily |
| SMLF · iShares Trust | 0.07% | 99,023 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.06% | 36,329 NS | April 30, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.06% | 2,873 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.06% | 59,273 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.05% | 3,949 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.05% | 275,292 NS | April 30, 2026 | N-PORT |
| TECB · iShares Trust | 0.05% | 8,223 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.05% | 11,367 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.05% | 407,152 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.04% | 16,180 NS | May 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.04% | 586,542 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.04% | 16,721 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.04% | 264,113 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.04% | 3,741 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.04% | 185,272 SH | Aug. 8, 2026 | Daily |
| FHLC · FIDELITY COVINGTON TRUST | 0.04% | 40,376 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.03% | 3,088 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.03% | 1,000,271 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.03% | 10,349 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.02% | 3,122 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.02% | 4,961 SH | Aug. 8, 2026 | Daily |