RNG RingCentral, Inc. Class A Common Stock
$65.65
Price · Aug 19, 2026
Fundamentals as of Jul 23, 2026
52W Range
$24–$68
94% of range
Analyst Rating
HOLD
20 analysts
Price Target
$46
P/E (TTM)
60.2
ROE
—
Net Profit Margin
—
About RingCentral, Inc. Class A Common Stock Company overview from Wikipedia
RingCentral, Inc. is an American provider of AI-powered cloud-based communication and collaboration products and services.
Read more
RingCentral, Inc. is an American provider of AI-powered cloud-based communication and collaboration products and services.
CEO Vlad Shmunis and CTO Vlad Vendrow founded the company in 1999. Investors included Doug Leone, Sequoia Capital, Khosla Ventures, Scale Venture Partners, and DAG Ventures. It completed its IPO in 2013.
History
RingCentral was founded by Vlad Shmunis and Vlad Vendrow. The company originally operated as RingZero, focused on small business communications on Microsoft Windows.
RingCentral received its first round of venture capital investment in 2006. By 2011, it had secured $45 million in capital investment, with Cisco and Silicon Valley Bank among its investors. It completed its IPO on September 27, 2013, followed by a follow-on offering in March 2014 that raised an additional $39.8 million.
In 2018, RingCentral became a founding partner of the Chase Center as well as the exclusive cloud communications provider for the Golden State Warriors.
In February 2020, RingCentral and Avaya unveiled the Avaya Cloud Office application.
In April 2020, RingCentral launched RingCentral Video, a video-conferencing product that completed its Message Video Phone (MVP) solution. The RingCentral MVP app launched in May 2020.
In 2021, RingCentral entered an exclusive UCaaS partnership with Mitel, granting Mitel's users access to RingCentral's cloud communications platform. In December, the company introduced common integrations for MVP with enhanced data protections.
Mo Katibeh, formerly of AT&T, was appointed as president and COO in January 2022.
RingCentral began offering its MVP and Contact Center features to Amazon Web Services (AWS) in February 2023. That same year, it launched RingSense, an AI platform.
In April 2023, Vodafone Italy and RingCentral partnered to roll out Vodafone Business UC, followed by a similar rollout in Portugal in May 2023, combining RingCentral’s messaging and video tools with Vodafone’s fixed and mobile voice services. The next generation of RingCentral for Microsoft Teams 2.0 was announced in May 2023. The embedded app integrates RingCentral's cloud PBX, softphone dialer, SMS, and fax capabilities directly into the Microsoft Teams platform interface.
In June 2023, RingCentral became the first global cloud provider to offer fully compliant cloud phone system services in India.
On August 28, 2023, Tarek Robbiati was appointed CEO. In 2024, founder Vlad Shmunis returned to the CEO role.
In May 2025, RingCentral launched RingCX for Salesforce Service Cloud Voice, followed by the release of its AI Receptionist (AIR), which automates front desk call handling. AIR Pro, a voice-first AI agent platform that automates customer interactions across SMS, chat and digital channels, was launched in March 2026.
Acquisitions
In June 2015, RingCentral acquired Glip, a persistent workstream collaboration platform that integrates team messaging, document sharing, task and event management, and other collaboration functionalities into the RingCentral platform. In October 2018, it acquired Dimelo, a Paris-based OmniChannel contact center provider.
In January 2019, the company acquired Connect First, a Boulder, Colorado-based outbound and blended customer engagement provider.
In December 2020, the company acquired DeepAffects, which specializes in intelligence-assisted speech recognition. In March 2021, it purchased Kindite, an encryption service provider.
RingCentral expanded its video communications portfolio by acquiring Hopin, an online audience engagement technology provider, in August 2023.
Products
RingCentral's integrated platform ensures compatibility across its entire product line. For example, RingEX (UC) can be used with RingCentral's RingCX and Contact Center. It provides a cloud-based business phone system with PBX features, including: multiple extensions, call control, Outlook, Microsoft Teams, Salesforce, Google Docs, DropBox, and Box integration; SMS; video conferencing and web conferencing; fax; auto-receptionist; call logs; and rule-based call routing and answering. RingCentral also offers AI assistance tools, such as AIR and AI Virtual Assistant, across its unified communications and contact center platforms.
RingEX
RingEX is a unified UCaaS platform that integrates business phone, video conferencing, team messaging, SMS, and fax, along with AI-powered features. RingEX integrates directly with Microsoft Teams through RingCentral for Teams 2.0. Additionally, RingEX powers Vodafone Business UC, combining RingCentral’s messaging and video tools with Vodafone’s fixed and mobile voice services.
AI Receptionist
AI Receptionist (AIR) is RingCentral’s generative AI-powered voice agent, launched in 2025. AIR automatically answers inbound calls and routes callers by context, triages inquiries using natural language, and sends SMS confirmations. It provides transcripts and analytics for each call, featuring customizable voice and multilingual support.
RingCX
Launched in 2023, RingCX is RingCentral’s CaaS platform that combines UC services (i.e. message, video, phone, SMS, fax) with a contact center solution powered by a generative AI feature set.
AI Conversation Expert
Formerly known as RingSense, AI Conversation Expert (ACE) is RingCentral’s conversation intelligence and analytics engine. ACE uses voice and natural language processing to extract business intelligence from interaction data by leveraging generative AI. The platform features a centralized insights dashboard that aggregates interaction data into six strategic modules to provide high-level visibility into customer trends and streamline workflows.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
RNG Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$65.64
Market Cap
—
P/E (TTM)
60.2
EPS (TTM)
$0.48
Revenue (TTM)
$2.52B
Div Yield
—
ROE
—
Debt/Equity
—
52W Range
$24 – $68
RNG 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
$2.52B
2016-12-31
→
2025-12-31
EPS
$0.48
2019-12-31
→
2025-12-31
Free Cash Flow
—
2016-12-31
→
2022-12-31
Margins
—
2016-12-31
→
2022-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
RNG
Peer Median
P/E (TTM)
60.2
38.6
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
RNG
Peer Median
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
RNG
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
RNG
Peer Median
Revenue YoY
4.8%
—
Revenue CAGR 3Y
8.2%
—
Revenue CAGR 5Y
16.3%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
RNG
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 6, 2026 | $0.1250 |
| June 2, 2026 | $0.0750 |
| March 9, 2026 | $0.0750 |
RNG Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
20 analysts
- Strong Buy 2 10.0%
- Buy 7 35.0%
- Hold 11 55.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
14 analysts · 2026-08-15
Median
$45.00
Above all targets →
$65.64
Low
$38.00
High
$60.00
Median target
$45.00
-31.4%
Mean target
$46.43
-29.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.22 | $1.18 | 0.04% |
| March 31, 2026 | $1.20 | $1.18 | 0.02% |
| Dec. 31, 2025 | $1.18 | $1.15 | 0.03% |
| Sept. 30, 2025 | $1.13 | $1.09 | 0.04% |
| June 30, 2025 | $1.06 | $1.03 | 0.03% |
| March 31, 2025 | $1.00 | $0.97 | 0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| RNG | — | 60.2 | 4.8% | — | — | — |
| RIOT | $4.71B | -6.5 | 71.9% | -102.4% | -21.6% | — |
| APPF | — | 60.0 | 19.7% | 14.8% | 28.2% | — |
| CORZ | — | — | — | — | — | — |
| ZETA | — | -145.4 | 29.7% | -2.4% | -4.3% | — |
| ACIW | $4.91B | 22.1 | 10.4% | 12.9% | 15.6% | — |
| PEGA | $10.17B | 28.0 | 16.6% | 22.5% | 55.7% | 75.9% |
| KVYO | — | -295.2 | 31.6% | -2.6% | -2.8% | 74.7% |
| BILL | $4.77B | -660.9 | 13.4% | 1.6% | 0.62% | 81.4% |
| OCTV | — | — | — | — | — | — |
| PLTR | $425.03B | 282.1 | 56.2% | 36.3% | 26.2% | 82.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.52B | $2.40B | $2.20B | $1.99B | $1.59B | $1.18B | $903M | $674M | $504M | $380M | $296M | $220M | |
| Cost of Revenue | $723M | $706M | $664M | $642M | $448M | $324M | $231M | $157M | $121M | $92M | $87M | $77M | |
| Gross Profit | $1.79B | $1.69B | $1.54B | $1.35B | $1.15B | $860M | $672M | $516M | $382M | $288M | $209M | $143M | |
| R&D Expense | $317M | $329M | $336M | $362M | $310M | $189M | $136M | $101M | $75M | $66M | $53M | $45M | |
| SG&A Expense | $258M | $266M | $333M | $293M | $284M | $200M | $142M | $103M | $72M | $55M | $47M | $39M | |
| Operating Expenses | $1.67B | $1.69B | $1.74B | $2.00B | $1.45B | $973M | $717M | $533M | $388M | $301M | $240M | $188M | |
| Operating Income | $121M | $3M | $-199M | $-649M | $-302M | $-113M | $-46M | $-16M | $-5M | $-13M | $-31M | $-45M | |
| Interest Expense | · | · | $36M | $5M | $64M | $49M | $21M | $16M | $99.0K | $746.0K | $1M | $2M | |
| Other Non-op | $-4M | $15M | $78M | $-220M | $-8M | $80M | $9M | $-10M | $1M | $-2M | $-1M | $-1M | |
| Pretax Income | $56M | $-47M | $-157M | $-874M | $-374M | $-82M | $-57M | $-26M | $-4M | $-16M | $-33M | $-48M | |
| Income Tax | $13M | $11M | $8M | $5M | $3M | $934.0K | $-3M | $140.0K | $258.0K | $236.0K | $-1M | $97.0K | |
| Net Income | $43M | $-58M | $-165M | $-879M | $-376M | $-83M | $-54M | $-26M | $-4M | $-16M | $-32M | $-48M | |
| EPS (Basic) | $0.48 | $-0.63 | $-1.74 | $-9.23 | $-4.10 | $-0.94 | $-0.64 | · | · | · | · | · | |
| EPS (Diluted) | $0.48 | $-0.63 | $-1.74 | $-9.23 | $-4.10 | $-0.94 | $-0.64 | · | · | · | · | · | |
| Shares (Basic) | 89,481,000 | 92,110,000 | 94,912,000 | 95,239,000 | 91,738,000 | 88,684,000 | 83,130,000 | · | · | · | · | · | |
| Shares (Diluted) | 91,214,000 | 92,110,000 | 94,912,000 | 95,239,000 | 91,738,000 | 88,684,000 | 83,130,000 | · | · | · | · | · | |
| EBITDA | · | · | · | $-649M | · | $-113M | $-46M | $-16M | $-27M | $-26M | $-31M | $-45M |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $133M | $243M | $222M | $270M | $267M | $640M | $344M | $566M | $181M | $160M | $138M | $113M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | $28M | |
| Receivables | $384M | $386M | $364M | $311M | $233M | $176M | $130M | $94M | $47M | $30M | $19M | $8M | |
| Inventory | $929.0K | $1M | $1M | $1M | $6M | $551.0K | $401.0K | $199.0K | $198.0K | $63.0K | $2M | $2M | |
| Prepaid Expense | $81M | $59M | $77M | $56M | $48M | $47M | $25M | $24M | $22M | $15M | $12M | $9M | |
| Other Current Assets | $37M | $18M | $43M | $31M | $16M | $27M | $9M | $9M | $8M | $5M | · | · | |
| Current Assets | $765M | $871M | $849M | $796M | $651M | $926M | $536M | $708M | $265M | $206M | $171M | $160M | |
| PP&E (Net) | $187M | $181M | $184M | $185M | $167M | $142M | $89M | $70M | $43M | $32M | $28M | $26M | |
| PP&E (Gross) | $672M | $589M | $518M | $444M | $360M | $281M | $188M | $146M | $103M | $79M | $63M | $54M | |
| Accum. Depreciation | $485M | $409M | $333M | $259M | $193M | $138M | $99M | $76M | $60M | $47M | $35M | $29M | |
| Goodwill | $98M | $83M | $67M | $54M | $55M | $57M | $55M | $31M | $9M | $9M | $9M | · | |
| Intangibles | $135M | $259M | $394M | $528M | $717M | $118M | $127M | $19M | $1M | $2M | $3M | · | |
| Other Non-current Assets | $13M | $15M | $12M | $36M | $8M | $9M | $10M | $10M | $3M | $3M | $3M | $3M | |
| Total Assets | $1.48B | $1.78B | $1.94B | $2.07B | $2.58B | $2.18B | $1.45B | $894M | $360M | $253M | $215M | $188M | |
| Accounts Payable | $28M | $22M | $53M | $63M | $70M | $54M | $35M | $10M | $7M | $8M | $5M | $4M | |
| Accrued Liabilities | $298M | $284M | $326M | $380M | $280M | $211M | $139M | $101M | $55M | $48M | $35M | $29M | |
| Current Liabilities | $1.22B | $749M | $633M | $653M | $526M | $438M | $281M | $199M | $125M | $116M | $81M | $76M | |
| Capital Leases | $14M | $30M | $28M | $20M | $32M | $39M | $29M | $0 | · | · | $181.0K | $535.0K | |
| Other Non-current Liabilities | $8M | $5M | $62M | $46M | $84M | $20M | $9M | $11M | $6M | $6M | $5M | $3M | |
| Total Liabilities | $1.87B | $2.13B | $2.25B | $2.36B | $2.04B | $1.87B | $705M | $577M | $131M | $123M | $105M | $92M | |
| Long-term Debt | $1.25B | $1.53B | $1.56B | $1.64B | · | · | · | · | · | $15M | $19M | $25M | |
| Total Debt | · | · | · | · | · | · | · | · | · | $15M | $19M | $25M | |
| Common Stock | $9.0K | $9.0K | $9.0K | $10.0K | $9.0K | $9.0K | $9.0K | $8.0K | $8.0K | $7.0K | $7.0K | $7.0K | |
| Retained Earnings | $-1.71B | $-1.76B | $-1.70B | $-1.53B | $-749M | $-372M | $-289M | $-236M | $-210M | $-240M | $-210M | $-178M | |
| AOCI | $2M | $-9M | $-8M | $-9M | $644.0K | $7M | $2M | $2M | $3M | $3M | $527.0K | $-251.0K | |
| Stockholders' Equity | $-588M | $-551M | $-503M | $-483M | $339M | $308M | $746M | $318M | $228M | $164M | $110M | $97M | |
| Liabilities + Equity | $1.48B | $1.78B | $1.94B | $2.07B | $2.58B | $2.18B | $1.45B | $894M | $360M | $253M | $215M | $188M | |
| Shares Outstanding | 85,199,000 | 90,718,000 | 93,467,000 | 95,385,000 | 94,309,000 | 90,430,000 | 86,940,000 | 81,046,000 | 78,054,000 | 74,383,000 | · | · |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $223M | $223M | $234M | $247M | $125M | $76M | $38M | $23M | $16M | $15M | $13M | $10M | |
| Stock-based Comp | $270M | $339M | $427M | $386M | $358M | $190M | $101M | $68M | $42M | $31M | $22M | $16M | |
| Deferred Tax | $2M | $-4M | $631.0K | $-701.0K | $-2M | $-660.0K | $-4M | $-303.0K | $-47.0K | $-36.0K | $-1M | $-35.0K | |
| Amort. of Intangibles | $135M | $136M | $151M | $174M | $66M | $36M | $11M | $4M | $800.0K | $1M | · | · | |
| Operating Cash Flow | $617M | $483M | $400M | $191M | $152M | $-35M | $65M | $72M | $41M | $30M | $5M | $-11M | |
| CapEx | $30M | $25M | $24M | $33M | $29M | $44M | $28M | $27M | $19M | $14M | $15M | $17M | |
| Investing Cash Flow | $-108M | $-109M | $-90M | $-87M | $-397M | $-108M | $-297M | $-83M | $-26M | $-16M | · | · | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | $57M | |
| Stock Repurchased | $334M | $322M | $311M | $100M | $0 | $0 | $0 | $15M | $0 | · | · | · | |
| Net Stock Activity | · | · | · | $-100M | · | $0 | $0 | $-15M | · | · | · | $57M | |
| Financing Cash Flow | $-623M | $-351M | $-358M | $-98M | $-127M | $438M | $9M | $397M | $7M | $9M | · | · | |
| Net Change in Cash | $-110M | $21M | $-48M | $3M | $-373M | $296M | $-223M | $385M | $21M | $23M | $24M | $-3M | |
| Taxes Paid | $12M | $18M | $11M | $4M | $1M | $870.0K | $996.0K | $433.0K | $216.0K | $229.0K | · | · | |
| Free Cash Flow | · | · | · | $159M | · | $-79M | $37M | $45M | $22M | $15M | $-10M | $-29M | |
| Levered FCF | · | · | · | $154M | · | $-129M | $18M | $29M | $22M | $15M | $-11M | $-31M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | · | · | · | 67.7% | · | 72.7% | 74.4% | 76.7% | 75.8% | 75.7% | 70.5% | 65.1% | |
| Operating Margin | · | · | · | -32.7% | · | -9.6% | -5.1% | -2.4% | -5.4% | -6.8% | -10.4% | -20.6% | |
| Net Margin | · | · | · | -44.2% | · | -7.0% | -5.9% | -3.9% | -5.2% | -7.7% | -10.8% | -22.0% | |
| Pretax Margin | · | · | · | -44.0% | · | -6.9% | -6.3% | -3.9% | -5.2% | -7.7% | -11.3% | -21.9% | |
| EBITDA Margin | · | · | · | -32.7% | · | -9.6% | -5.1% | -2.4% | -5.4% | -6.8% | -10.4% | -20.6% | |
| ROA | · | · | · | -37.8% | · | -4.6% | -4.6% | -4.2% | -9.4% | -12.5% | -15.9% | -29.0% | |
| ROE | · | · | · | 241.6% | · | -27.4% | -9.6% | -8.5% | -15.5% | -24.4% | -31.1% | -60.4% | |
| ROIC | · | · | · | 135.3% | · | -37.1% | -5.8% | -5.2% | -16.0% | -18.1% | -23.1% | -37.4% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | · | · | · | 1.2 | · | 2.1 | 1.9 | 3.5 | 2.0 | 1.8 | 2.1 | 2.1 | |
| Quick Ratio | · | · | · | 0.9 | · | 1.9 | 1.7 | 3.3 | 1.8 | 1.6 | 1.9 | 2.0 | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | 0.1 | 0.2 | 0.3 | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | 0.0 | 0.1 | 0.1 | |
| Interest Coverage | · | · | · | -135.1 | · | -2.3 | -2.2 | -1.0 | -275.5 | -34.8 | -27.5 | -22.5 |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | · | · | · | 0.9 | · | 0.7 | 0.8 | 1.1 | 1.8 | 1.6 | 1.5 | 1.3 | |
| Inventory Turnover | · | · | · | 187.0 | · | 679.8 | 770.1 | 791.6 | 929.3 | 77.5 | 43.3 | 40.2 | |
| Receivables Turnover | · | · | · | 7.3 | · | 7.7 | 8.0 | 9.6 | 13.3 | 15.4 | 22.1 | 41.1 |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 4.8% | 9.0% | 10.8% | 24.7% | 34.7% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 8.2% | 14.6% | 23.0% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.3% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.52B | $2.40B | $2.20B | $1.99B | $1.59B | $1.18B | $903M | $674M | $504M | $380M | $296M | $220M | |
| Net Income TTM | $43M | $-58M | $-165M | $-879M | $-376M | $-83M | $-54M | $-26M | $-4M | $-16M | $-32M | $-48M | |
| Market Cap | · | · | · | $3.38B | · | $34.27B | $14.66B | · | · | · | · | · | |
| P/E | 60.2 | -55.6 | -19.5 | -3.8 | -45.7 | -403.2 | -263.5 | · | · | · | · | · | |
| P/S | · | · | · | 1.7 | · | 29.0 | 16.2 | · | · | · | · | · | |
| P/B | · | · | · | -7.0 | · | 111.1 | 19.7 | · | · | · | · | · | |
| P / Tangible Book | · | · | · | · | · | 258.0 | · | · | · | · | · | · | |
| P / Cash Flow | · | · | · | 17.7 | · | -973.8 | 226.1 | · | · | · | · | · | |
| P / FCF | · | · | · | 21.3 | · | -434.9 | 395.5 | · | · | · | · | · | |
| Earnings Yield | 1.7% | -1.8% | -5.1% | -26.1% | -2.2% | -0.25% | -0.38% | · | · | · | · | · |
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 | $657M | $644M | $644M | $639M | $620M | $612M | $615M | $609M | $593M | $584M | $571M | $558M | $539M | $534M | $525M | $509M | |
| Cost of Revenue | $185M | $179M | $184M | $180M | $179M | $180M | $178M | $180M | $177M | $170M | $170M | $169M | $164M | $161M | $161M | $167M | |
| Gross Profit | $472M | $465M | $461M | $458M | $441M | $432M | $436M | $429M | $416M | $414M | $401M | $389M | $375M | $373M | $364M | $342M | |
| R&D Expense | $83M | $82M | $78M | $80M | $78M | $82M | $85M | $84M | $80M | $81M | $85M | $85M | $80M | $85M | $89M | $87M | |
| SG&A Expense | $64M | $60M | $65M | $66M | $63M | $64M | $59M | $64M | $72M | $71M | $89M | $87M | $75M | $82M | $75M | $72M | |
| Operating Expenses | $422M | $415M | $418M | $428M | $404M | $421M | $421M | $425M | $422M | $425M | $446M | $443M | $420M | $428M | $620M | $524M | |
| Operating Income | $50M | $50M | $42M | $31M | $37M | $10M | $16M | $3M | $-5M | $-11M | $-45M | $-54M | $-45M | $-55M | $-256M | $-183M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $16M | · | $12M | $5M | $2M | · | $1M | |
| Other Non-op | $11M | $-1M | $-796.0K | $179.0K | $-5M | $1M | $2M | $1M | $10M | $2M | $16M | $20M | $36M | $5M | $-25M | $-100M | |
| Pretax Income | $42M | $34M | $28M | $17M | $16M | $-4M | $2M | $-12M | $-12M | $-25M | $-45M | $-46M | $-15M | $-51M | $-282M | $-284M | |
| Income Tax | $3M | $3M | $5M | $-513.0K | $2M | $6M | $9M | $-4M | $3M | $3M | $2M | $-4M | $7M | $3M | $2M | $873.0K | |
| Net Income | $39M | $31M | $23M | $18M | $13M | $-10M | $-7M | $-8M | $-15M | $-28M | $-47M | $-42M | $-21M | $-54M | $-284M | $-285M | |
| EPS (Basic) | $0.47 | $0.36 | $0.25 | $0.19 | $0.15 | $-0.11 | $-0.07 | $-0.09 | $-0.16 | $-0.31 | $-0.49 | $-0.45 | $-0.23 | $-0.57 | $-2.97 | $-2.98 | |
| EPS (Diluted) | $0.45 | $0.35 | $0.26 | $0.19 | $0.14 | $-0.11 | $-0.07 | $-0.09 | $-0.16 | $-0.31 | $-0.49 | $-0.45 | $-0.23 | $-0.57 | $-2.97 | $-2.98 | |
| Shares (Basic) | 84,049,000 | 84,662,000 | -182,385,000 | 90,141,000 | 90,710,000 | 91,015,000 | -185,669,000 | 91,892,000 | 92,745,000 | 93,142,000 | -190,740,000 | 94,593,000 | 95,339,000 | 95,720,000 | -190,040,000 | 95,575,000 | |
| Shares (Diluted) | 86,619,000 | 86,991,000 | -183,821,000 | 91,964,000 | 92,056,000 | 91,015,000 | -185,669,000 | 91,892,000 | 92,745,000 | 93,142,000 | -190,740,000 | 94,593,000 | 95,339,000 | 95,720,000 | -190,040,000 | 95,575,000 | |
| EBITDA | $50M | $50M | · | $31M | $37M | $10M | · | $3M | $-5M | $-11M | · | $-54M | $-45M | $-55M | · | · |
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 | $112M | $117M | $133M | $145M | $168M | $154M | $243M | $213M | $199M | $203M | · | $122M | $82M | $81M | · | $91M | |
| Receivables | $389M | $363M | $384M | $381M | $391M | $381M | $386M | $396M | $370M | $371M | · | $348M | $322M | $315M | · | $266M | |
| Inventory | $991.0K | $1M | $929.0K | $885.0K | $1M | $1M | $1M | $2M | $2M | $2M | · | $1M | $1M | $1M | · | $1M | |
| Prepaid Expense | $75M | $87M | $81M | $65M | $65M | $66M | $59M | $65M | $72M | $72M | · | $96M | $85M | $80M | · | $52M | |
| Other Current Assets | $27M | $37M | $37M | $24M | $25M | $26M | $18M | $23M | $30M | $36M | · | $60M | $49M | $41M | · | $24M | |
| Current Assets | $733M | $728M | $765M | $762M | $800M | $780M | $871M | $859M | $828M | $831M | · | $1.05B | $804M | $851M | · | $775M | |
| PP&E (Net) | $190M | $189M | $187M | $186M | $185M | $182M | $181M | $185M | $182M | $183M | · | $184M | $186M | $187M | · | $182M | |
| PP&E (Gross) | $716M | $694M | $672M | $651M | $631M | $609M | $589M | $580M | $555M | $535M | · | $497M | $484M | $465M | · | $422M | |
| Accum. Depreciation | $526M | $505M | $485M | $465M | $447M | $428M | $409M | $395M | $372M | $353M | · | $314M | $298M | $278M | · | $240M | |
| Goodwill | $103M | $103M | $98M | $98M | $85M | $84M | $83M | $75M | $74M | $67M | · | $66M | $55M | $55M | · | $53M | |
| Intangibles | $77M | $112M | $135M | $170M | $192M | $225M | $259M | $290M | $323M | $359M | · | $432M | $457M | $495M | · | $585M | |
| Other Non-current Assets | $9M | $9M | $13M | $16M | $13M | $14M | $15M | $16M | $12M | $13M | · | $22M | $24M | $34M | · | $6M | |
| Total Assets | $1.38B | $1.42B | $1.48B | $1.53B | $1.61B | $1.63B | $1.78B | $1.82B | $1.83B | $1.87B | · | $2.18B | $1.96B | $2.05B | · | $2.32B | |
| Accounts Payable | $22M | $30M | $28M | $37M | $65M | $61M | $22M | $35M | $39M | $24M | · | $43M | $37M | $56M | · | $89M | |
| Accrued Liabilities | $299M | $302M | $298M | $283M | $277M | $271M | $284M | $288M | $279M | $312M | · | $311M | $308M | $315M | · | $341M | |
| Current Liabilities | $663M | $635M | $1.22B | $1.21B | $1.23B | $1.21B | $749M | $765M | $761M | $764M | · | $605M | $592M | $591M | · | $639M | |
| Capital Leases | $23M | $27M | $14M | $17M | $19M | $23M | $30M | $30M | $31M | $26M | · | $19M | $17M | $18M | · | $22M | |
| Other Non-current Liabilities | $32M | $10M | $8M | $8M | $7M | $6M | $5M | $18M | $12M | $46M | · | $62M | $65M | $70M | · | $62M | |
| Total Liabilities | $1.79B | $1.83B | $1.87B | $1.86B | $1.89B | $1.97B | $2.13B | $2.16B | $2.16B | $2.20B | · | $2.47B | $2.23B | $2.32B | · | $2.36B | |
| Long-term Debt | $1.12B | $1.21B | $1.25B | $1.26B | $1.26B | $1.36B | $1.53B | $1.53B | $1.54B | $1.54B | · | $1.82B | $1.58B | · | · | · | |
| Total Debt | $1.12B | $1.21B | · | $1.26B | $1.26B | $1.36B | · | $1.53B | $1.54B | $1.54B | · | $1.80B | $1.58B | · | · | · | |
| Common Stock | $8.0K | $8.0K | · | $9.0K | $9.0K | $9.0K | · | $9.0K | $9.0K | $9.0K | · | $9.0K | $9.0K | $10.0K | · | $10.0K | |
| Retained Earnings | $-1.66B | $-1.69B | $-1.71B | $-1.74B | $-1.75B | $-1.77B | $-1.76B | $-1.75B | $-1.74B | $-1.73B | · | $-1.65B | $-1.61B | $-1.59B | · | $-1.25B | |
| AOCI | $3M | $2M | $2M | $2M | $3M | $-8M | $-9M | $-6M | $-5M | $-5M | · | $-3M | $-5M | $-7M | · | $-18M | |
| Stockholders' Equity | $-610M | $-609M | $-588M | $-534M | $-487M | $-541M | $-551M | $-545M | $-528M | $-522M | $-503M | $-484M | $-472M | $-472M | $-483M | $-245M | |
| Liabilities + Equity | $1.38B | $1.42B | $1.48B | $1.53B | $1.61B | $1.63B | $1.78B | $1.82B | $1.83B | $1.87B | · | $2.18B | $1.96B | $2.05B | · | $2.32B | |
| Shares Outstanding | 83,764,000 | 84,340,000 | 85,199,000 | 88,514,000 | 90,958,000 | 90,452,000 | 90,718,000 | 91,318,000 | 92,530,000 | 93,123,000 | 93,467,000 | 93,746,000 | 94,684,000 | 95,598,000 | 95,385,000 | 95,866,000 |
Cash Flow 15
| 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 | $57M | $57M | $56M | $56M | $55M | $55M | $55M | $55M | $56M | $57M | $59M | $59M | $58M | $58M | · | · | |
| Stock-based Comp | $57M | $55M | $64M | $65M | $63M | $78M | $80M | $84M | $87M | $88M | $112M | $112M | $105M | $98M | $92M | $96M | |
| Amort. of Intangibles | $34M | $34M | $34M | $35M | $33M | $33M | $33M | $34M | $35M | $35M | $38M | $38M | $38M | $37M | $43M | $44M | |
| Operating Cash Flow | $206M | $164M | $149M | $151M | $167M | $150M | $133M | $127M | $127M | $96M | $114M | $87M | $91M | $109M | $39M | $42M | |
| CapEx | $11M | $7M | $8M | $8M | $9M | $6M | $6M | $7M | $5M | $6M | $6M | $4M | $4M | $9M | $9M | $8M | |
| Investing Cash Flow | $-26M | $-31M | $-23M | $-43M | $-23M | $-19M | $-21M | $-24M | $-45M | $-19M | $-20M | $-31M | $-18M | $-21M | $-23M | $-19M | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | $-5M | · | · | · | · | · | · | |
| Stock Repurchased | $94M | $81M | $135M | $117M | $32M | $50M | $77M | $83M | $82M | $80M | $62M | $75M | $100M | $75M | $55M | $20M | |
| Net Stock Activity | · | $-81M | · | · | · | $-50M | · | · | · | $-80M | · | · | · | $-75M | · | · | |
| Dividends Paid | $6M | $6M | · | · | $0 | $0 | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-185M | $-148M | $-139M | $-131M | $-134M | $-220M | $-78M | $-92M | $-86M | $-95M | $-306M | $153M | $-122M | $-83M | $-53M | $-23M | |
| Net Change in Cash | $-5M | $-16M | $-13M | $-23M | $14M | $-88M | $30M | $13M | $-4M | $-19M | $-210M | $207M | $-49M | $5M | $-35M | $-1M | |
| Taxes Paid | $5M | $2M | $2M | $2M | $6M | $2M | $4M | $2M | $7M | $5M | $2M | $2M | $5M | $2M | $831.0K | $1M | |
| Free Cash Flow | · | $158M | · | · | · | $144M | · | · | · | $90M | · | · | · | $100M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $72M | · | · | · | $97M | · | · |
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 | 71.9% | 72.2% | · | 71.8% | 71.2% | 70.5% | · | 70.4% | 70.2% | 70.8% | · | 69.7% | 69.5% | 69.9% | · | · | |
| Operating Margin | 7.6% | 7.8% | · | 4.8% | 6.0% | 1.7% | · | 0.54% | -0.90% | -1.9% | · | -9.7% | -8.4% | -10.2% | · | · | |
| Net Margin | 5.9% | 4.8% | · | 2.8% | 2.1% | -1.7% | · | -1.3% | -2.5% | -4.9% | · | -7.5% | -4.0% | -10.2% | · | · | |
| Pretax Margin | 6.4% | 5.3% | · | 2.7% | 2.5% | -0.71% | · | -2.0% | -1.9% | -4.3% | · | -8.2% | -2.7% | -9.6% | · | · | |
| EBITDA Margin | 7.6% | 7.8% | · | 4.8% | 6.0% | 1.7% | · | 0.54% | -0.90% | -1.9% | · | -9.7% | -8.4% | -10.2% | · | · | |
| ROA | 2.6% | 2.0% | · | 1.1% | 0.77% | -0.59% | · | -0.39% | -0.78% | -1.5% | · | -1.9% | -0.96% | -2.4% | · | · | |
| ROE | -7.1% | -5.3% | · | -3.2% | -2.6% | 1.9% | · | 1.5% | 2.9% | 5.7% | · | 11.6% | 8.4% | 25.7% | · | · | |
| ROIC | 9.1% | 7.5% | · | 4.4% | 4.0% | 3.0% | · | 0.22% | -0.68% | -1.2% | · | -3.8% | -6.0% | 12.2% | · | · |
Liquidity & Solvency 5
| 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 | 1.1 | 1.1 | · | 0.6 | 0.6 | 0.6 | · | 1.1 | 1.1 | 1.1 | · | 1.7 | 1.4 | 1.4 | · | · | |
| Quick Ratio | 0.8 | 0.8 | · | 0.4 | 0.5 | 0.4 | · | 0.8 | 0.7 | 0.8 | · | 0.8 | 0.7 | 0.7 | · | · | |
| Debt / Equity | -1.8 | -2.0 | · | -2.4 | -2.6 | -2.5 | · | -2.8 | -2.9 | -3.0 | · | -3.7 | -3.3 | · | · | · | |
| LT Debt / Equity | -1.8 | -1.9 | · | -1.2 | -1.3 | -1.4 | · | -2.5 | -2.6 | -2.6 | · | -3.7 | -3.3 | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -0.7 | · | -4.5 | -8.8 | -24.7 | · | · |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.2 | 0.2 | 0.2 | · | · | |
| Inventory Turnover | 172.9 | 165.3 | · | 122.5 | 117.2 | 110.7 | · | 111.8 | 116.5 | 100.4 | · | 139.6 | 57.8 | 45.5 | · | · | |
| Receivables Turnover | 1.7 | 1.7 | · | 1.6 | 1.6 | 1.6 | · | 1.6 | 1.7 | 1.7 | · | 1.8 | 1.9 | 1.9 | · | · |
Valuation (TTM) 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 TTM | $2.56B | $2.52B | · | $2.48B | $2.43B | $2.40B | · | $2.34B | $2.27B | $2.22B | · | $2.14B | $2.07B | $2.00B | · | $1.88B | |
| Net Income TTM | $100M | $51M | · | $13M | $-20M | $-61M | · | $-93M | $-107M | $-146M | · | $-403M | $-520M | $-650M | · | $-742M | |
| Market Cap | $3.27B | $3.14B | · | $2.51B | $2.58B | $2.24B | · | $2.89B | $2.61B | $3.24B | · | $2.78B | $3.10B | $2.93B | · | · | |
| Enterprise Value | $4.27B | $4.23B | · | $3.62B | $3.67B | $3.45B | · | $4.21B | $3.95B | $4.57B | · | $4.46B | $4.60B | · | · | · | |
| P/E | 34.5 | 65.2 | · | 218.0 | -128.9 | -37.0 | · | -31.3 | -24.5 | -22.3 | · | -7.0 | -6.0 | -4.5 | · | -5.1 | |
| P/S | 1.3 | 1.2 | · | 1.0 | 1.1 | 0.9 | · | 1.2 | 1.1 | 1.5 | · | 1.3 | 1.5 | 1.5 | · | · | |
| P/B | -5.3 | -5.1 | · | -4.7 | -5.3 | -4.1 | · | -5.3 | -4.9 | -6.2 | · | -5.7 | -6.6 | -6.2 | · | · | |
| P / Cash Flow | · | 19.1 | · | · | · | 15.0 | · | · | · | 33.7 | · | · | · | 27.0 | · | · | |
| P / FCF | · | 19.9 | · | · | · | 15.5 | · | · | · | 36.0 | · | · | · | 29.4 | · | · | |
| EV / EBITDA | 85.0 | 84.5 | · | 117.5 | 99.3 | 333.5 | · | 1278.9 | -736.6 | -419.6 | · | -82.3 | -102.0 | · | · | · | |
| EV / FCF | · | 26.8 | · | · | · | 23.9 | · | · | · | 50.8 | · | · | · | · | · | · | |
| EV / Revenue | 1.7 | 1.7 | · | 1.5 | 1.5 | 1.4 | · | 1.8 | 1.7 | 2.1 | · | 2.1 | 2.2 | · | · | · | |
| Earnings Yield | 2.9% | 1.5% | · | 0.46% | -0.78% | -2.7% | · | -3.2% | -4.1% | -4.5% | · | -14.3% | -16.7% | -22.3% | · | -19.7% | |
| Payout Ratio | · | 20.9% | · | · | · | · | · | · | · | · | · | · | · | · | · | · |
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 | $2.52B | $2.40B | $2.20B | $1.99B | $1.59B |
| Gross Margin % | — | — | — | 67.7% | — |
| Operating Margin % | — | — | — | -32.7% | — |
| Net Income | $43M | $-58M | $-165M | $-879M | $-376M |
| Diluted EPS | $0.48 | $-0.63 | $-1.74 | $-9.23 | $-4.10 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | 1.2 | — |
| Quick Ratio | — | — | — | 0.9 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | $159M | — |
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Institutional owners (13F) 421 filers · $2.3B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 85 (-7 vs prior Q) | 37 (-8 vs prior Q) | 122 (+1 vs prior Q) | 122 (+24 vs prior Q) | +16.9M |
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 |
|---|---|---|---|---|
| Capital World Investors | $432,018,809 | 11,083,089 | 18.72% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $253,468,619 | 6,502,530 | 10.99% | Shares |
| AMERIPRISE FINANCIAL INC | $187,984,088 | 4,821,134 | 8.15% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $129,987,970 | 3,334,735 | 5.63% | Shares |
| STATE STREET CORP | $117,567,695 | 3,016,103 | 5.10% | Shares |
| FIRST TRUST ADVISORS LP | $91,449,962 | 2,346,082 | 3.96% | Shares |
| Quantinno Capital Management LP | $87,254,757 | 2,238,449 | 3.78% | Shares |
| Alyeska Investment Group, L.P. | $79,863,822 | 2,048,841 | 3.46% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $53,923,178 | 1,383,355 | 2.34% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $49,357,139 | 1,266,217 | 2.14% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $46,212,649 | 1,185,198 | 2.00% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $39,969,351 | 1,025,381 | 1.73% | Shares |
| MACKENZIE FINANCIAL CORP | $31,624,942 | 811,312 | 1.37% | Shares |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | $27,790,518 | 712,943 | 1.20% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $24,738,189 | 634,638 | 1.07% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $18,296,705 | 469,387 | 0.79% | Shares |
| Gotham Asset Management, LLC | $18,000,028 | 461,776 | 0.78% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $17,967,480 | 460,941 | 0.78% | Shares |
| Parallax Volatility Advisers, L.P. | $16,215,680 | 416,000 | 0.70% | Put option |
| COATUE MANAGEMENT LLC | $16,034,462 | 411,351 | 0.69% | Shares |
| MILLENNIUM MANAGEMENT LLC | $15,316,879 | 392,942 | 0.66% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $15,036,730 | 385,755 | 0.65% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $14,533,654 | 372,849 | 0.63% | Shares |
| BlackRock, Inc. | $14,081,993 | 361,262 | 0.61% | Shares |
| VANGUARD GROUP INC | $13,914,124 | 481,791 | 0.60% | Shares |
| Bastion Asset Management Inc. | $13,455,405 | 355,446 | 0.58% | Shares |
| Public Sector Pension Investment Board | $13,339,151 | 342,205 | 0.58% | Shares |
| Robertson Opportunity Capital, LLC | $13,331,160 | 342,000 | 0.58% | Shares |
| Hillsdale Investment Management Inc. | $12,683,702 | 325,390 | 0.55% | Shares |
| CITADEL ADVISORS LLC | $12,435,127 | 319,013 | 0.54% | Shares |
| GOLDMAN SACHS GROUP INC | $12,251,141 | 314,293 | 0.53% | Shares |
| FMR LLC | $12,088,713 | 310,126 | 0.52% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $10,321,904 | 264,800 | 0.45% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $10,163,606 | 260,739 | 0.44% | Shares |
| TWO SIGMA ADVISERS, LP | $10,076,203 | 348,899 | 0.44% | Shares |
| Clark Capital Management Group, Inc. | $9,667,163 | 248,003 | 0.42% | Shares |
| Baird Financial Group, Inc. | $9,656,631 | 247,732 | 0.42% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $9,615,080 | 246,667 | 0.42% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $9,609,121 | 246,514 | 0.42% | Shares |
| Corient Private Wealth LP | $9,476,823 | 243,120 | 0.41% | Shares |
| TWO SIGMA INVESTMENTS, LP | $9,306,943 | 238,762 | 0.40% | Shares |
| BANK OF AMERICA CORP /DE/ | $9,182,674 | 235,574 | 0.40% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $8,228,717 | 211,101 | 0.36% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $7,040,568 | 180,620 | 0.31% | Shares |
| Trexquant Investment LP | $6,667,139 | 171,040 | 0.29% | Shares |
| Foundry Partners, LLC | $6,389,417 | 258,054 | 0.28% | Shares |
| Quartz Partners, LLC | $6,161,958 | 158,080 | 0.27% | Shares |
| BARCLAYS PLC | $5,847,000 | 150,000 | 0.25% | Put option |
| RHUMBLINE ADVISERS | $5,547,343 | 142,314 | 0.24% | Shares |
| Swiss National Bank | $5,519,568 | 141,600 | 0.24% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $5,389,882 | 138,273 | 0.23% | Shares |
| BARCLAYS PLC | $5,349,537 | 137,238 | 0.23% | Shares |
| JANUS HENDERSON GROUP PLC | $5,327,616 | 143,254 | 0.23% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,587,946 | 117,700 | 0.20% | Call option |
| GLOBEFLEX CAPITAL L P | $4,473,579 | 114,766 | 0.19% | Shares |
| Legal & General Group Plc | $4,393,242 | 112,705 | 0.19% | Shares |
| XTX Topco Ltd | $4,245,429 | 108,913 | 0.18% | Shares |
| Edgestream Partners, L.P. | $4,234,475 | 108,632 | 0.18% | Shares |
| PRUDENTIAL FINANCIAL INC | $4,098,747 | 105,150 | 0.18% | Shares |
| CITADEL ADVISORS LLC | $3,975,960 | 102,000 | 0.17% | Call option |
| IFP Advisors, Inc | $3,861,671 | 99,068 | 0.17% | Shares |
| AMERICAN CENTURY COMPANIES INC | $3,771,822 | 96,763 | 0.16% | Shares |
| G2 Investment Partners Management LLC | $3,676,126 | 94,308 | 0.16% | Shares |
| SIRIOS CAPITAL MANAGEMENT L P | $3,635,353 | 93,262 | 0.16% | Shares |
| SEI INVESTMENTS CO | $3,624,630 | 92,987 | 0.16% | Shares |
| ALLIANCEBERNSTEIN L.P. | $3,580,876 | 96,286 | 0.16% | Shares |
| Elo Mutual Pension Insurance Co | $3,400,186 | 87,229 | 0.15% | Shares |
| ROYAL BANK OF CANADA | $3,249,000 | 83,359 | 0.14% | Shares |
| Ahara Advisors LLC | $3,221,093 | 82,635 | 0.14% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $3,134,224 | 84,276 | 0.14% | Shares |
| Vanguard Global Advisers, LLC | $3,110,916 | 79,808 | 0.13% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $3,091,000 | 79,300 | 0.13% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $3,088,541 | 79,234 | 0.13% | Shares |
| Summit Trail Advisors, LLC | $3,086,047 | 79,170 | 0.13% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $3,082,493 | 82,885 | 0.13% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $2,971,134 | 76,222 | 0.13% | Shares |
| Sterling Capital Management LLC | $2,864,328 | 73,482 | 0.12% | Shares |
| FIL Ltd | $2,857,429 | 73,305 | 0.12% | Shares |
| Atom Investors LP | $2,692,699 | 69,079 | 0.12% | Shares |
| CAXTON ASSOCIATES LP | $2,663,386 | 76,075 | 0.12% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $2,641,451 | 91,463 | 0.11% | Shares |
| Focus Partners Wealth | $2,608,674 | 66,920 | 0.11% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,584,218 | 66,296 | 0.11% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $2,583,907 | 66,288 | 0.11% | Shares |
| Robertson Stephens Wealth Management, LLC | $2,493,994 | 63,981 | 0.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,299,820 | 59,000 | 0.10% | Put option |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $2,280,603 | 58,507 | 0.10% | Shares |
| FIFTH THIRD BANCORP | $2,146,852 | 55,076 | 0.09% | Shares |
| Weiss Asset Management LP | $2,067,499 | 53,040 | 0.09% | Shares |
| Vinva Investment Management Ltd | $2,037,900 | 35,871 | 0.09% | Shares |
| Boston Partners | $2,025,050 | 51,951 | 0.09% | Shares |
| LPL Financial LLC | $1,982,862 | 50,869 | 0.09% | Shares |
| JANE STREET GROUP, LLC | $1,976,286 | 50,700 | 0.09% | Call option |
| Horizon Investments, LLC | $1,946,496 | 19,149 | 0.08% | Shares |
| CWA Asset Management Group, LLC | $1,911,813 | 49,046 | 0.08% | Shares |
| Convergence Investment Partners, LLC | $1,885,696 | 48,376 | 0.08% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $1,847,622 | 47,399 | 0.08% | Shares |
| Kestra Investment Management, LLC | $1,775,937 | 45,560 | 0.08% | Shares |
| PINNACLE ASSOCIATES LTD | $1,754,724 | 45,016 | 0.08% | Shares |
| RITHOLTZ WEALTH MANAGEMENT | $1,736,736 | 44,555 | 0.08% | Shares |
Company insiders 27 insiders · 12 officers · 15 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Vladimir Shmunis | CEO and Chairman | June 16, 2026 S | 230,071 | 0 | 4 | $-1,046,234 |
| Tarek Robbiati | Chief Executive Officer | Nov. 20, 2023 F | 421,425 | 0 | 0 | $0 |
| Vaibhav Agarwal | Chief Financial Officer | Aug. 18, 2026 S | 169,282 | 0 | 2 | $-435,924 |
| Sonalee Elizabeth Parekh | Chief Financial Officer | Dec. 1, 2023 S | 216,223 | 0 | 0 | $0 |
| Mitesh Dhruv | Chief Financial Officer | Dec. 1, 2021 S | 159,605 | 0 | 0 | $0 |
| Kira Makagon | President and COO | Aug. 17, 2026 F | 304,052 | 0 | 0 | $0 |
| Mohammed Katibeh | President and COO | June 15, 2023 S | 312,533 | 0 | 0 | $0 |
| Anand Eswaran | President & COO | Nov. 26, 2021 S | 175,149 | 0 | 0 | $0 |
| David Mark Berman | President | April 15, 2015 C | 0 | 0 | 0 | $0 |
| David Sipes | Chief Operating Officer | Dec. 9, 2019 M | 200,853 | 0 | 0 | $0 |
| Tarun Arora | Chief Accounting Officer | Aug. 17, 2026 F | 86,007 | 0 | 3 | $-317,479 |
| John H Marlow | SVP, CAdO & GENERAL COUNSEL | June 1, 2026 F | 325,152 | 0 | 0 | $0 |
| Amy Guggenheim Shenkan | Director | July 2, 2026 S | 29,372 | 0 | 1 | $-51,346 |
| Robert I Theis | Director | July 2, 2026 S | 30,834 | 0 | 6 | $-355,443 |
| Kenneth A Goldman | Director | Jan. 2, 2026 A | 43,959 | 0 | 0 | $0 |
| Mignon L Clyburn | Director | June 1, 2023 A | 14,696 | 0 | 0 | $0 |
| Arne Duncan | Director | June 1, 2023 A | 14,419 | 0 | 0 | $0 |
| Allan C. Thygesen | Director | June 1, 2023 A | 26,456 | 0 | 0 | $0 |
| Neil R Williams | Director | June 1, 2023 A | 25,180 | 0 | 0 | $0 |
| Mckenna Michelle | Director | June 1, 2022 A | 8,048 | 0 | 0 | $0 |
| Godfrey Sullivan | Director | June 1, 2021 A | 22,428 | 0 | 0 | $0 |
| KOUREY MICHAEL R | Director | June 1, 2015 A | 13,510 | 0 | 0 | $0 |
| David Weiden | Director | Feb. 12, 2015 S | 81,951 | 0 | 0 | $0 |
| DOUGLAS LEONE ("DL") | Director | Aug. 7, 2014 C | 223,117 | 0 | 0 | $0 |
| Rao - Bobby Satyadev Yerramilli | Director | May 16, 2014 A | — | 0 | 0 | $0 |
| Praful Shah | — | Sept. 2, 2021 A | 210,732 | 0 | 0 | $0 |
| Clyde Hosein | — | May 1, 2017 C | 173,691 | 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 |
|---|---|---|---|---|---|
| Sylebra Capital Ltd, SYLEBRA CAPITAL LLC, Sylebra Capital Management, Ltd, Gibson Daniel Patrick | July 29, 2025 | 4.88% | Amendment | — | SEC |
| Sylebra Capital Limited, Sylebra Capital LLC, Sylebra Capital Management, Daniel Patrick Gibson | May 26, 2023 | — | Initial filing | Passive investment | SEC |
| RingCentral, Inc. (2) ×3 filings | May 24, 2023 | — | 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 89 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 |
|---|---|---|---|---|
| PSCT · Invesco Exchange-Traded Fund Trust … | 1.98% | 161,934 SH | Aug. 8, 2026 | Daily |
| FXL · First Trust Exchange-Traded AlphaDE… | 1.55% | 572,578 NS | April 30, 2026 | N-PORT |
| RNIN · EA Series Trust | 1.26% | 47,975 NS | April 30, 2026 | N-PORT |
| CAFG · Pacer Funds Trust | 1.21% | 6,806 NS | April 30, 2026 | N-PORT |
| JMID · Janus Detroit Street Trust | 1.12% | 5,083 NS | April 30, 2026 | N-PORT |
| BSJQ · Invesco Exchange-Traded Self-Indexe… | 1.09% | 8,672,000 | Aug. 8, 2026 | Daily |
| LSEQ · Harbor ETF Trust | 0.87% | 3,328 NS | April 30, 2026 | N-PORT |
| SKYU · ProShares Trust | 0.76% | 632 NS | May 31, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.63% | 540,314 NS | April 30, 2026 | N-PORT |
| CLSE · Trust for Professional Managers | 0.62% | 88,276 NS | May 31, 2026 | N-PORT |
| JSMD · Janus Detroit Street Trust | 0.61% | 148,156 NS | April 30, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.60% | 156,750 NS | April 30, 2026 | N-PORT |
| SMMV · iShares Trust | 0.48% | 22,785 SH | Aug. 8, 2026 | Daily |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.43% | 64,700 NS | April 30, 2026 | N-PORT |
| INFO · Harbor ETF Trust | 0.37% | 71,827 NS | April 30, 2026 | N-PORT |
| FLOW · Global X Funds | 0.33% | 2,191 NS | May 31, 2026 | N-PORT |
| HAPS · Harbor ETF Trust | 0.33% | 12,736 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.31% | 93,338 NS | April 30, 2026 | N-PORT |
| IJT · iShares Trust | 0.30% | 405,679 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.29% | 8,755 SH | Aug. 8, 2026 | Daily |
| SMLF · iShares Trust | 0.27% | 182,478 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.26% | 85,027 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.25% | 4,517,912 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.21% | 95,968 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.20% | 270,191 SH | Aug. 8, 2026 | Daily |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.19% | 354,052 NS | April 30, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.19% | 52,023 SH | Aug. 8, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.18% | 32,847 SH | Aug. 8, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.17% | 37,563 SH | Aug. 8, 2026 | Daily |
| IGV · iShares Trust | 0.16% | 361,550 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.16% | 259,107 SH | Aug. 8, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.15% | 27,555 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.15% | 909 NS | May 31, 2026 | N-PORT |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.13% | 64,448 SH | Aug. 8, 2026 | Daily |
| FSMD · FIDELITY COVINGTON TRUST | 0.13% | 75,776 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.13% | 2,557 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.12% | 14,626 NS | April 30, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 20,206 NS | April 30, 2026 | N-PORT |
| PKW · Invesco Exchange-Traded Fund Trust | 0.11% | 29,902 SH | Aug. 8, 2026 | Daily |
| EQAL · Invesco Exchange-Traded Fund Trust … | 0.11% | 14,140 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.10% | 47,304 SH | Aug. 8, 2026 | Daily |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 50,892 NS | April 30, 2026 | N-PORT |
| ISCV · iShares Trust | 0.08% | 9,129 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.07% | 244,190 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.07% | 363,199 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.07% | 3,052 SH | Aug. 8, 2026 | Daily |
| GINN · Goldman Sachs ETF Trust | 0.06% | 3,129 NS | May 31, 2026 | N-PORT |
| SMMD · iShares Trust | 0.06% | 37,401 SH | Aug. 8, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.06% | 1,079,425 SH | Aug. 8, 2026 | Daily |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.06% | 1,311 NS | May 31, 2026 | N-PORT |