RVLV Revolve Group, Inc. Class A Common Stock
$22.95
Price · Aug 19, 2026
Fundamentals as of Aug 4, 2026
52W Range
$17–$32
39% of range
Analyst Rating
BUY
21 analysts
Price Target
$31
+34% upside
P/E (TTM)
26.7
ROE
12.6%
Net Profit Margin
5.0%
RVLV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$22.95
Market Cap
$1.64B
P/E (TTM)
26.7
EPS (TTM)
$0.86
Revenue (TTM)
$1.23B
Div Yield
—
ROE
12.6%
Debt/Equity
—
52W Range
$17 – $32
RVLV 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
$1.23B
2019-12-31
→
2025-12-31
EPS
$0.86
2019-12-31
→
2025-12-31
Free Cash Flow
$48M
2019-12-31
→
2025-12-31
Margins
5.0%
2019-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
RVLV
Peer Median
P/E (TTM)
26.7
31.4
P/S (TTM)
1.3
1.0
P/B
3.2
3.7
Price / FCF
34.2
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
RVLV
Peer Median
Gross Margin
53.5%
47.5%
Operating Margin
6.1%
—
Net Profit Margin
5.0%
0.47%
ROA
8.6%
0.81%
ROE
12.6%
2.5%
ROIC
10.8%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
RVLV
Peer Median
Current Ratio
2.8
1.3
Quick Ratio
1.3
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
RVLV
Peer Median
Revenue YoY
8.5%
—
Revenue CAGR 3Y
3.6%
—
Revenue CAGR 5Y
16.1%
—
EPS YoY
24.6%
—
Net Income YoY
24.5%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
RVLV
Peer Median
RVLV Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
21 analysts
- Strong Buy 6 28.6%
- Buy 8 38.1%
- Hold 6 28.6%
- Sell 1 4.8%
- Strong Sell 0 0.0%
12-Month Price Target
13 analysts · 2026-08-16
Median
$30.00
← Below all targets
$22.95
Low
$24.00
High
$37.00
Median target
$30.00
+30.7%
Mean target
$30.85
+34.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.05%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.26 | $0.22 | 0.04% |
| March 31, 2026 | $0.20 | $0.19 | 0.01% |
| Dec. 31, 2025 | $0.26 | $0.17 | 0.09% |
| Sept. 30, 2025 | $0.29 | $0.12 | 0.17% |
| June 30, 2025 | $0.14 | $0.13 | 0.01% |
| March 31, 2025 | $0.16 | $0.15 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| RVLV | $2.15B | 35.1 | 8.5% | 5.0% | 12.6% | 53.5% |
| BOOT | $4.53B | 20.3 | 17.9% | 10.0% | 17.9% | 38.1% |
| ANF | — | 9.3 | 6.4% | 9.6% | 37.0% | — |
| AEO | $3.94B | 21.4 | 4.1% | 3.5% | 11.9% | 36.5% |
| BKE | $2.42B | 11.4 | 6.6% | 16.2% | 46.6% | 49.0% |
| REAL | $1.87B | -22.5 | 15.4% | -6.0% | 11.1% | 74.6% |
| CTRN | $358M | 68.0 | 8.9% | 0.64% | 4.5% | — |
| SFIX | — | -20.4 | -5.3% | -2.3% | -14.3% | 44.4% |
| CAL | $414M | -58.2 | 1.3% | -0.24% | -1.1% | 43.0% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.13B | $1.07B | $1.10B | $891M | $581M | $601M | $499M | $400M | |
| Cost of Revenue | $570M | $537M | $515M | $509M | $402M | $275M | $279M | $233M | $206M | |
| Gross Profit | $656M | $593M | $554M | $592M | $490M | $305M | $322M | $265M | $194M | |
| SG&A Expense | $157M | $142M | $127M | $115M | $89M | $71M | $78M | $65M | $57M | |
| Operating Expenses | $582M | $542M | $532M | $519M | $385M | $244M | $274M | $224M | $173M | |
| Operating Income | $74M | $51M | $22M | $73M | $105M | $61M | $48M | $42M | $21M | |
| Other Non-op | $8M | $13M | $16M | $3M | $-563.0K | $-994.0K | $-931.0K | $-631.0K | $-1M | |
| Pretax Income | $82M | $64M | $38M | $77M | $105M | $60M | $47M | $41M | $19M | |
| Income Tax | $21M | $16M | $10M | $18M | $5M | $3M | $12M | $11M | $14M | |
| Net Income | $62M | $50M | $28M | $59M | $100M | $57M | $36M | $31M | $5M | |
| EPS (Basic) | $0.87 | $0.70 | $0.39 | $0.80 | $1.38 | $0.81 | $-0.09 | $0.47 | $0.08 | |
| EPS (Diluted) | $0.86 | $0.69 | $0.38 | $0.79 | $1.34 | $0.79 | $-0.09 | $0.44 | $0.08 | |
| Shares (Basic) | 71,297,000 | 70,846,000 | 72,961,000 | 73,314,000 | 72,513,000 | 19,861,000 | 7,719,000 | 41,936,000 | 41,936,000 | |
| Shares (Diluted) | 72,087,000 | 71,677,000 | 73,583,000 | 74,520,000 | 74,547,000 | 72,058,000 | 7,719,000 | 44,584,000 | 44,044,000 | |
| EBITDA | $74M | $51M | $22M | $73M | $105M | $61M | $48M | · | · |
Balance Sheet 21
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $292M | $257M | $245M | $235M | $218M | $146M | $65M | $16M | · | |
| Receivables | $17M | $10M | $12M | $5M | $5M | $5M | $5M | $5M | · | |
| Inventory | $252M | $229M | $204M | $215M | $171M | $95M | $104M | $102M | · | |
| Prepaid Expense | $74M | $64M | $66M | $60M | $42M | $20M | $24M | $15M | · | |
| Current Assets | $647M | $561M | $529M | $518M | $440M | $277M | $199M | $139M | · | |
| PP&E (Net) | $15M | $9M | $8M | $9M | $9M | $11M | $14M | $6M | · | |
| PP&E (Gross) | $42M | $31M | $26M | $22M | $18M | $26M | $24M | $15M | · | |
| Accum. Depreciation | $26M | $22M | $18M | $18M | $9M | $15M | $10M | $9M | · | |
| Goodwill | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | |
| Intangibles | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $564.0K | · | |
| Other Non-current Assets | $30M | $18M | $2M | $807.0K | $3M | $500.0K | $642.0K | $731.0K | · | |
| Total Assets | $765M | $666M | $609M | $579M | $480M | $306M | $232M | $162M | · | |
| Accounts Payable | $56M | $45M | $48M | $51M | $54M | $39M | $30M | $20M | · | |
| Accrued Liabilities | $44M | $39M | $41M | $38M | $34M | $25M | $19M | $18M | · | |
| Current Liabilities | $231M | $196M | $190M | $181M | $160M | $106M | $102M | $82M | · | |
| Capital Leases | $22M | $32M | $34M | $19M | $3M | · | · | · | · | |
| Total Liabilities | $252M | $228M | $224M | $200M | $163M | $106M | · | · | · | |
| Retained Earnings | $368M | $305M | $268M | $269M | $213M | $114M | $57M | $61M | · | |
| Stockholders' Equity | $513M | $438M | $385M | $380M | $317M | $200M | $131M | $80M | $48M | |
| Liabilities + Equity | $765M | $666M | $609M | $579M | $480M | $306M | $232M | $162M | · | |
| Shares Outstanding | 71,371,922 | 71,200,480 | 71,290,708 | 73,363,629 | 73,233,321 | 71,396,706 | 69,078,983 | · | · |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $5M | $4M | $5M | $5M | $5M | $5M | $4M | $3M | $3M | |
| Stock-based Comp | $11M | $10M | $6M | $6M | $5M | $3M | $2M | $1M | $911.0K | |
| Deferred Tax | $-3M | $-7M | $-5M | $-6M | $-5M | $1M | $-2M | $-4M | $4M | |
| Amort. of Intangibles | $200.0K | $200.0K | $100.0K | $100.0K | $100.0K | $300.0K | $300.0K | $300.0K | $300.0K | |
| Operating Cash Flow | $59M | $27M | $43M | $23M | $62M | $74M | $46M | $27M | $16M | |
| CapEx | $11M | $6M | $4M | $5M | $2M | $2M | $12M | $3M | $2M | |
| Investing Cash Flow | $-15M | $-9M | $-4M | $-5M | $-2M | $-2M | $-12M | $-3M | $-2M | |
| Stock Repurchased | $2M | $12M | $31M | · | · | · | $41M | · | · | |
| Net Stock Activity | $-2M | $-12M | $-31M | · | · | · | $-41M | · | · | |
| Financing Cash Flow | $-1M | $-5M | $-30M | $887.0K | $13M | $9M | $15M | $-18M | $-15M | |
| Net Change in Cash | $47M | $11M | $11M | $16M | $72M | $81M | $49M | $6M | $-869.0K | |
| Taxes Paid | $23M | $22M | $13M | $23M | $3M | $12M | $14M | $10M | $14M | |
| Free Cash Flow | $48M | $21M | $39M | $18M | $60M | $71M | $34M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 53.5% | 52.5% | 51.9% | 53.8% | 54.9% | 52.6% | 53.6% | · | · | |
| Operating Margin | 6.1% | 4.5% | 2.1% | 6.6% | 11.8% | 10.5% | 8.0% | · | · | |
| Net Margin | 5.0% | 4.4% | 2.6% | 5.3% | 11.2% | 9.8% | 5.9% | · | · | |
| Pretax Margin | 6.7% | 5.7% | 3.5% | 7.0% | 11.8% | 10.3% | 7.8% | · | · | |
| EBITDA Margin | 6.1% | 4.5% | 2.1% | 6.6% | 11.8% | 10.5% | 8.0% | · | · | |
| ROA | 8.6% | 7.8% | 4.7% | 11.1% | 21.3% | 21.1% | 18.1% | · | · | |
| ROE | 12.6% | 11.5% | 7.2% | 15.7% | 33.3% | 30.3% | 28.4% | · | · | |
| ROIC | 10.8% | 8.9% | 4.3% | 14.8% | 31.7% | 28.9% | 27.8% | · | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.8 | 2.9 | 2.8 | 2.9 | 2.7 | 2.6 | 2.0 | · | · | |
| Quick Ratio | 1.3 | 1.4 | 1.4 | 1.3 | 1.4 | 1.4 | 0.7 | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.7 | 1.8 | 1.8 | 2.1 | 1.9 | 2.2 | 3.0 | · | · | |
| Inventory Turnover | 2.4 | 2.5 | 2.5 | 2.6 | 3.0 | 2.8 | 2.7 | · | · | |
| Receivables Turnover | 91.1 | 99.4 | 119.9 | 219.0 | 192.5 | 123.9 | 119.2 | · | · |
Growth Rates 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 8.5% | 5.7% | -3.0% | 23.6% | 53.5% | · | · | · | · | |
| Revenue CAGR 3Y | 3.6% | 8.2% | 22.6% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 16.1% | · | · | · | · | · | · | · | · | |
| EPS YoY | 24.6% | 81.6% | -51.9% | -41.0% | 69.6% | · | · | · | · | |
| EPS CAGR 3Y | 2.9% | -19.9% | -21.6% | · | · | · | · | · | · | |
| EPS CAGR 5Y | 1.7% | · | · | · | · | · | · | · | · | |
| Net Income YoY | 24.5% | 76.1% | -52.0% | -41.2% | 75.8% | · | · | · | · | |
| Net Income CAGR 3Y | 1.7% | -20.8% | -20.9% | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 1.7% | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.23B | $1.13B | $1.07B | $1.10B | $891M | $581M | $601M | · | · | |
| Net Income TTM | $62M | $50M | $28M | $59M | $100M | $57M | $36M | · | · | |
| Market Cap | $2.15B | $2.38B | · | · | · | · | · | · | · | |
| P/E | 35.1 | 48.5 | 43.6 | 28.2 | 41.8 | 39.5 | -204.0 | · | · | |
| P/S | 1.8 | 2.1 | · | · | · | · | · | · | · | |
| P/B | 4.2 | 5.4 | · | · | · | · | · | · | · | |
| P / Tangible Book | 4.2 | 5.5 | · | · | · | · | · | · | · | |
| P / Cash Flow | 36.3 | 89.3 | · | · | · | · | · | · | · | |
| P / FCF | 44.9 | 113.3 | · | · | · | · | · | · | · | |
| Earnings Yield | 2.9% | 2.1% | 2.3% | 3.5% | 2.4% | 2.5% | -0.49% | · | · |
Income Statement 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $347M | $343M | $324M | $296M | $309M | $297M | $294M | $283M | $282M | $271M | $258M | $258M | $274M | $280M | $259M | $269M | |
| Cost of Revenue | $151M | $162M | $151M | $134M | $142M | $142M | $139M | $138M | $130M | $129M | $124M | $124M | $126M | $140M | $126M | $126M | |
| Gross Profit | $197M | $181M | $173M | $162M | $167M | $154M | $154M | $145M | $153M | $142M | $134M | $133M | $148M | $139M | $133M | $142M | |
| SG&A Expense | $43M | $42M | $42M | $39M | $38M | $38M | $42M | $34M | $33M | $33M | $35M | $35M | $29M | $28M | $29M | $28M | |
| Operating Expenses | $175M | $165M | $152M | $141M | $149M | $140M | $143M | $131M | $136M | $132M | $132M | $133M | $140M | $127M | $123M | $128M | |
| Operating Income | $22M | $16M | $21M | $21M | $18M | $15M | $11M | $14M | $16M | $9M | $2M | $324.0K | $7M | $12M | $11M | $15M | |
| Other Non-op | $2M | $3M | $3M | $7M | $-3M | $893.0K | $3M | $192.0K | $4M | $5M | $3M | $4M | $2M | $7M | $-293.0K | $1M | |
| Pretax Income | $25M | $18M | $23M | $28M | $15M | $16M | $15M | $14M | $21M | $15M | $5M | $4M | $10M | $19M | $10M | $16M | |
| Income Tax | $6M | $5M | $5M | $7M | $5M | $4M | $3M | $4M | $5M | $4M | $1M | $1M | $2M | $5M | $2M | $4M | |
| Net Income | $19M | $14M | $19M | $21M | $10M | $12M | $12M | $11M | $15M | $11M | $3M | $3M | $7M | $14M | $8M | $12M | |
| EPS (Basic) | $0.26 | $0.20 | $0.26 | $0.30 | $0.14 | $0.17 | $0.17 | $0.16 | $0.22 | $0.15 | $0.06 | $0.04 | $0.10 | $0.19 | $0.11 | $0.16 | |
| EPS (Diluted) | $0.26 | $0.20 | $0.27 | $0.29 | $0.14 | $0.16 | $0.18 | $0.15 | $0.21 | $0.15 | $0.05 | $0.04 | $0.10 | $0.19 | $0.11 | $0.16 | |
| Shares (Basic) | 71,313,000 | 71,458,000 | -142,544,000 | 71,302,000 | 71,283,000 | 71,256,000 | -141,579,000 | 70,673,000 | 70,833,000 | 70,919,000 | -147,113,000 | 73,262,000 | 73,442,000 | 73,370,000 | -146,590,000 | 73,328,000 | |
| Shares (Diluted) | 71,998,000 | 72,351,000 | -144,085,000 | 72,003,000 | 71,898,000 | 72,271,000 | -142,913,000 | 71,523,000 | 71,544,000 | 71,523,000 | -148,593,000 | 73,716,000 | 74,081,000 | 74,379,000 | -149,272,000 | 74,354,000 | |
| EBITDA | $22M | $16M | · | $21M | $18M | $15M | · | $14M | $16M | $9M | · | $324.0K | $7M | $12M | · | $15M |
Balance Sheet 21
| 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 | $312M | $336M | $292M | $315M | $311M | $301M | $257M | $253M | $245M | $273M | · | $267M | $269M | $283M | · | $244M | |
| Receivables | $31M | $26M | $17M | $21M | $19M | $17M | $10M | $12M | $18M | $15M | · | $13M | $11M | $8M | · | $7M | |
| Inventory | $276M | $245M | $252M | $239M | $221M | $214M | $229M | $240M | $234M | $202M | · | $203M | $205M | $190M | · | $213M | |
| Prepaid Expense | $80M | $79M | $74M | $63M | $62M | $68M | $64M | $77M | $75M | $79M | · | $64M | $59M | $65M | · | $59M | |
| Current Assets | $705M | $688M | $647M | $638M | $614M | $601M | $561M | $585M | $572M | $569M | · | $554M | $551M | $547M | · | $527M | |
| PP&E (Net) | $20M | $19M | $15M | $14M | $10M | $9M | $9M | $8M | $8M | $8M | · | $8M | $8M | $9M | · | $9M | |
| PP&E (Gross) | · | · | $42M | · | · | · | $31M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $29M | $28M | $26M | $25M | $24M | $23M | $22M | $21M | $20M | $19M | · | $17M | $15M | $14M | $18M | $13M | |
| Goodwill | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $2M | |
| Intangibles | $3M | $2M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $1M | |
| Other Non-current Assets | $46M | $40M | $30M | $27M | $24M | $22M | $18M | $5M | $3M | $2M | · | $1M | $1M | $1M | · | $3M | |
| Total Assets | $843M | $821M | $765M | $751M | $723M | $714M | $666M | $671M | $658M | $650M | · | $629M | $629M | $627M | · | $587M | |
| Accounts Payable | $87M | $71M | $56M | $62M | $56M | $57M | $45M | $60M | $63M | $56M | · | $44M | $46M | $49M | · | $53M | |
| Accrued Liabilities | $51M | $52M | $44M | $43M | $44M | $38M | $39M | $38M | $40M | $48M | · | $43M | $36M | $36M | · | $44M | |
| Current Liabilities | $284M | $271M | $231M | $236M | $227M | $226M | $196M | $216M | $216M | $226M | · | $197M | $186M | $192M | · | $199M | |
| Capital Leases | $20M | $23M | $22M | $25M | $28M | $35M | $32M | $34M | $36M | $34M | · | $36M | $37M | $39M | · | $20M | |
| Total Liabilities | $303M | $293M | $252M | $261M | $254M | $261M | $228M | $250M | $252M | $260M | · | $233M | $223M | $231M | · | $219M | |
| Retained Earnings | $390M | $382M | $368M | $350M | $333M | $319M | $305M | $296M | $284M | $271M | · | $281M | $292M | $284M | · | $259M | |
| Stockholders' Equity | $539M | $528M | $513M | $490M | $469M | $453M | $438M | $421M | $406M | $390M | $385M | $397M | $406M | $396M | $380M | $367M | |
| Liabilities + Equity | $843M | $821M | $765M | $751M | $723M | $714M | $666M | $671M | $658M | $650M | · | $629M | $629M | $627M | · | $587M | |
| Shares Outstanding | 71,085,345 | 71,530,023 | 71,371,922 | 71,334,234 | 71,280,749 | 71,332,612 | 71,200,480 | 70,712,952 | 70,729,915 | 70,816,872 | 71,290,708 | 72,576,408 | 73,478,017 | 73,399,773 | 73,363,629 | 73,333,374 |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $1M | $1M | $1M | $1M | $1M | $928.0K | $983.0K | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Stock-based Comp | $2M | $3M | $3M | $2M | $2M | $3M | $3M | $2M | $2M | $3M | $2M | $1M | $2M | $1M | $1M | $2M | |
| Operating Cash Flow | $-8M | $49M | $-10M | $12M | $13M | $45M | $4M | $9M | $-25M | $38M | $-4M | $12M | $-14M | $49M | $-11M | $10M | |
| CapEx | $3M | $5M | $3M | $4M | $2M | $2M | $2M | $1M | $1M | $2M | $1M | $994.0K | $972.0K | $1M | $1M | $1M | |
| Investing Cash Flow | $-6M | $-15M | $-3M | $-5M | $-5M | $-2M | $-2M | $-3M | $-2M | $-2M | $-1M | $-994.0K | $-972.0K | $-1M | $-1M | $-1M | |
| Stock Repurchased | · | · | $0 | $283.0K | · | · | $-98.0K | $2M | $2M | $8M | $18M | · | · | · | · | · | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $-8M | · | · | · | · | · | · | |
| Financing Cash Flow | $-10M | $-540.0K | $496.0K | $215.0K | $-2M | $-531.0K | $6M | $-936.0K | $-2M | $-8M | $-18M | $-13M | $249.0K | $161.0K | $391.0K | $128.0K | |
| Net Change in Cash | $-24M | $33M | $-12M | $5M | $10M | $44M | $4M | $8M | $-29M | $28M | $-21M | $-2M | $-14M | $49M | $-9M | $6M | |
| Taxes Paid | $15M | $2M | $10M | $4M | $8M | $468.0K | $8M | $7M | $5M | $2M | $1M | $2M | $9M | $255.0K | $7M | $1M | |
| Free Cash Flow | · | $44M | · | · | · | $43M | · | · | · | $37M | · | · | · | $48M | · | · |
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 | 56.6% | 52.7% | · | 54.6% | 54.1% | 52.0% | · | 51.2% | 54.0% | 52.3% | · | 51.7% | 54.0% | 49.8% | · | 53.0% | |
| Operating Margin | 6.4% | 4.6% | · | 7.1% | 5.8% | 5.0% | · | 5.0% | 5.8% | 3.5% | · | 0.13% | 2.7% | 4.4% | · | 5.5% | |
| Net Margin | 5.3% | 4.2% | · | 7.2% | 3.3% | 4.0% | · | 3.9% | 5.4% | 4.0% | · | 1.2% | 2.7% | 5.1% | · | 4.5% | |
| Pretax Margin | 7.2% | 5.4% | · | 9.6% | 4.9% | 5.2% | · | 5.1% | 7.3% | 5.4% | · | 1.7% | 3.6% | 6.7% | · | 6.0% | |
| EBITDA Margin | 6.4% | 4.6% | · | 7.1% | 5.8% | 5.0% | · | 5.0% | 5.8% | 3.5% | · | 0.13% | 2.7% | 4.4% | · | 5.5% | |
| ROA | 2.4% | 1.9% | · | 3.0% | 1.5% | 1.7% | · | 1.7% | 2.4% | 1.7% | · | 0.52% | 1.2% | 2.4% | · | 2.3% | |
| ROE | 3.7% | 2.9% | · | 4.7% | 2.3% | 2.8% | · | 2.7% | 3.8% | 2.8% | · | 0.83% | 1.9% | 3.9% | · | 3.7% | |
| ROIC | 3.1% | 2.2% | · | 3.2% | 2.5% | 2.4% | · | 2.5% | 3.0% | 1.8% | · | 0.06% | 1.4% | 2.3% | · | 3.0% |
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 | 2.5 | 2.5 | · | 2.7 | 2.7 | 2.7 | · | 2.7 | 2.7 | 2.5 | · | 2.8 | 3.0 | 2.8 | · | 2.6 | |
| Quick Ratio | 1.2 | 1.3 | · | 1.4 | 1.5 | 1.4 | · | 1.2 | 1.2 | 1.3 | · | 1.4 | 1.5 | 1.5 | · | 1.3 |
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 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.5 | 0.5 | · | 0.5 | |
| Inventory Turnover | 0.6 | 0.7 | · | 0.6 | 0.6 | 0.7 | · | 0.6 | 0.6 | 0.7 | · | 0.6 | 0.6 | 0.8 | · | 0.7 | |
| Receivables Turnover | 13.8 | 15.8 | · | 18.1 | 16.7 | 18.7 | · | 23.5 | 19.7 | 23.5 | · | 26.6 | 28.8 | 28.7 | · | 40.0 |
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 | $1.29B | $1.24B | · | $1.18B | $1.17B | $1.13B | · | $1.09B | $1.08B | $1.08B | · | $1.08B | $1.11B | $1.12B | · | $1.09B | |
| Net Income TTM | $64M | $58M | · | $54M | $48M | $49M | · | $40M | $37M | $36M | · | $37M | $50M | $65M | · | $67M | |
| Market Cap | $1.63B | $1.62B | · | $1.52B | $1.43B | $1.53B | · | $1.75B | $1.13B | $1.50B | · | $988M | $1.21B | $1.93B | · | $1.59B | |
| P/E | 25.7 | 28.6 | · | 28.8 | 30.4 | 32.1 | · | 45.1 | 31.8 | 44.1 | · | 27.8 | 24.5 | 30.2 | · | 24.1 | |
| P/S | 1.3 | 1.3 | · | 1.3 | 1.2 | 1.4 | · | 1.6 | 1.0 | 1.4 | · | 0.9 | 1.1 | 1.7 | · | 1.5 | |
| P/B | 3.0 | 3.1 | · | 3.1 | 3.0 | 3.4 | · | 4.2 | 2.8 | 3.8 | · | 2.5 | 3.0 | 4.9 | · | 4.3 | |
| P / Tangible Book | 3.0 | 3.1 | · | 3.1 | 3.1 | 3.4 | · | 4.2 | 2.8 | 3.9 | · | 2.5 | 3.0 | 4.9 | · | 4.4 | |
| P / Cash Flow | · | 32.7 | · | · | · | 34.0 | · | · | · | 39.1 | · | · | · | 39.5 | · | · | |
| P / FCF | · | 36.4 | · | · | · | 35.3 | · | · | · | 40.9 | · | · | · | 40.5 | · | · | |
| Earnings Yield | 3.9% | 3.5% | · | 3.5% | 3.3% | 3.1% | · | 2.2% | 3.1% | 2.3% | · | 3.6% | 4.1% | 3.3% | · | 4.2% |
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 | $1.23B | $1.13B | $1.07B | $1.10B | $891M |
| Gross Margin % | 53.5% | 52.5% | 51.9% | 53.8% | 54.9% |
| Operating Margin % | 6.1% | 4.5% | 2.1% | 6.6% | 11.8% |
| Net Income | $62M | $50M | $28M | $59M | $100M |
| Diluted EPS | $0.86 | $0.69 | $0.38 | $0.79 | $1.34 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 2.8 | 2.9 | 2.8 | 2.9 | 2.7 |
| Quick Ratio | 1.3 | 1.4 | 1.4 | 1.3 | 1.4 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $48M | $21M | $39M | $18M | $60M |
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Institutional owners (13F) 228 filers · $818.5M 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 |
|---|---|---|---|---|
| 43 (+6 vs prior Q) | 25 (-13 vs prior Q) | 82 (+16 vs prior Q) | 55 (-6 vs prior Q) | +3.5M |
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 GROUP INC | $119,855,206 | 3,970,030 | 14.64% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $82,191,283 | 3,590,707 | 10.04% | Shares |
| FMR LLC | $76,305,761 | 3,333,585 | 9.32% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $53,418,782 | 2,333,717 | 6.53% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $41,976,804 | 1,833,849 | 5.13% | Shares |
| STATE STREET CORP | $28,939,003 | 1,264,264 | 3.54% | Shares |
| ALGERT GLOBAL LLC | $23,741,783 | 1,037,212 | 2.90% | Shares |
| LONDON CO OF VIRGINIA | $22,427,881 | 979,810 | 2.74% | Shares |
| CITADEL ADVISORS LLC | $22,383,696 | 977,881 | 2.73% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $21,134,360 | 923,301 | 2.58% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $20,541,184 | 897,197 | 2.51% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $18,311,977 | 799,999 | 2.24% | Shares |
| GOLDMAN SACHS GROUP INC | $17,760,282 | 775,897 | 2.17% | Shares |
| Divisadero Street Capital Management, LP | $16,211,064 | 708,216 | 1.98% | Shares |
| MACKENZIE FINANCIAL CORP | $14,840,319 | 648,332 | 1.81% | Shares |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | $14,433,770 | 630,571 | 1.76% | Shares |
| Balyasny Asset Management L.P. | $14,355,074 | 627,133 | 1.75% | Shares |
| BARCLAYS PLC | $12,611,862 | 550,977 | 1.54% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $12,242,167 | 534,826 | 1.50% | Shares |
| D. E. Shaw & Co., Inc. | $10,725,728 | 468,577 | 1.31% | Shares |
| MARSHALL WACE, LLP | $8,374,146 | 365,843 | 1.02% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $7,984,673 | 348,828 | 0.98% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $6,782,833 | 296,323 | 0.83% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $6,062,508 | 264,854 | 0.74% | Shares |
| PALISADE CAPITAL MANAGEMENT, LP | $5,739,828 | 250,757 | 0.70% | Shares |
| Cubist Systematic Strategies, LLC | $5,510,733 | 258,720 | 0.67% | Shares |
| BlackRock, Inc. | $5,337,010 | 233,159 | 0.65% | Shares |
| JANE STREET GROUP, LLC | $5,321,925 | 232,500 | 0.65% | Call option |
| Archon Capital Management LLC | $5,150,250 | 225,000 | 0.63% | Shares |
| Trexquant Investment LP | $4,957,013 | 216,558 | 0.61% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $4,799,232 | 209,665 | 0.59% | Shares |
| Man Group plc | $4,681,783 | 204,534 | 0.57% | Shares |
| Susquehanna Portfolio Strategies, LLC | $4,331,658 | 189,238 | 0.53% | Shares |
| Squarepoint Ops LLC | $4,171,107 | 182,224 | 0.51% | Shares |
| Interval Partners, LP | $4,075,084 | 178,029 | 0.50% | Shares |
| Madison Investment Advisors, LLC | $3,606,404 | 107,686 | 0.44% | Shares |
| ProShare Advisors LLC | $3,425,075 | 149,632 | 0.42% | Shares |
| GOLDMAN SACHS GROUP INC | $3,044,370 | 133,000 | 0.37% | Call option |
| MILLENNIUM MANAGEMENT LLC | $2,957,914 | 129,223 | 0.36% | Shares |
| Madison Asset Management, LLC | $2,945,920 | 128,699 | 0.36% | Shares |
| AMERIPRISE FINANCIAL INC | $2,826,640 | 123,488 | 0.35% | Shares |
| Qube Research & Technologies Ltd | $2,722,651 | 118,945 | 0.33% | Shares |
| EFG International AG | $2,644,428 | 115,452 | 0.32% | Shares |
| CITADEL ADVISORS LLC | $2,268,399 | 99,100 | 0.28% | Put option |
| PRINCIPAL FINANCIAL GROUP INC | $2,231,157 | 97,473 | 0.27% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $2,198,934 | 96,065 | 0.27% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $2,109,817 | 92,172 | 0.26% | Shares |
| Point72 Asset Management, L.P. | $2,075,505 | 90,673 | 0.25% | Shares |
| Swiss National Bank | $1,895,292 | 82,800 | 0.23% | Shares |
| XTX Topco Ltd | $1,776,150 | 77,595 | 0.22% | Shares |
| Gradient Investments LLC | $1,436,737 | 62,767 | 0.18% | Shares |
| CITADEL ADVISORS LLC | $1,435,203 | 62,700 | 0.18% | Call option |
| CANADA PENSION PLAN INVESTMENT BOARD | $1,428,336 | 62,400 | 0.17% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,313,703 | 57,392 | 0.16% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,304,190 | 57,682 | 0.16% | Shares |
| Russell Investments Group, Ltd. | $1,287,951 | 56,267 | 0.16% | Shares |
| RHUMBLINE ADVISERS | $1,257,291 | 54,928 | 0.15% | Shares |
| Quantinno Capital Management LP | $1,244,163 | 54,354 | 0.15% | Shares |
| Orchard Capital Management, LLC | $1,234,137 | 53,916 | 0.15% | Shares |
| Bank of New York Mellon Corp | $1,201,038 | 52,470 | 0.15% | Shares |
| CREDIT AGRICOLE S A | $1,144,500 | 50,000 | 0.14% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $1,110,449 | 36,782 | 0.14% | Shares |
| WELLS FARGO & COMPANY/MN | $1,102,772 | 48,177 | 0.13% | Shares |
| DARK FOREST CAPITAL MANAGEMENT LP | $1,070,726 | 46,777 | 0.13% | Shares |
| AMERICAN CENTURY COMPANIES INC | $1,056,923 | 46,174 | 0.13% | Shares |
| Wakefield Asset Management LLLP | $1,041,885 | 45,517 | 0.13% | Shares |
| Graham Capital Management, L.P. | $1,037,421 | 45,322 | 0.13% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,012,814 | 44,247 | 0.12% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $1,012,563 | 44,236 | 0.12% | Shares |
| JACKSON SQUARE CAPITAL, LLC | $957,649 | 41,837 | 0.12% | Shares |
| HSBC HOLDINGS PLC | $943,835 | 40,665 | 0.12% | Shares |
| Pathstone Holdings, LLC | $925,325 | 40,425 | 0.11% | Shares |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $893,511 | 39,035 | 0.11% | Shares |
| ALLIANCEBERNSTEIN L.P. | $850,136 | 37,600 | 0.10% | Shares |
| IEQ CAPITAL, LLC | $839,216 | 36,663 | 0.10% | Shares |
| Engineers Gate Manager LP | $767,960 | 33,550 | 0.09% | Shares |
| UBS Group AG | $749,304 | 32,735 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $743,536 | 32,483 | 0.09% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $707,164 | 30,894 | 0.09% | Shares |
| SIG BROKERAGE, LP | $675,255 | 29,500 | 0.08% | Call option |
| Mariner, LLC | $664,604 | 29,020 | 0.08% | Shares |
| AlphaQuest LLC | $638,096 | 21,136 | 0.08% | Shares |
| CITIGROUP INC | $599,283 | 26,181 | 0.07% | Shares |
| MetLife Investment Management, LLC | $565,635 | 24,711 | 0.07% | Shares |
| Daiwa Securities Group Inc. | $538,831 | 23,540 | 0.07% | Shares |
| Holocene Advisors, LP | $537,411 | 23,478 | 0.07% | Shares |
| Composition Wealth, LLC | $478,035 | 20,884 | 0.06% | Shares |
| AVIVA PLC | $475,837 | 20,788 | 0.06% | Shares |
| TWO SIGMA INVESTMENTS, LP | $473,251 | 20,675 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $444,432 | 19,416 | 0.05% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $438,206 | 19,144 | 0.05% | Shares |
| FEDERATED HERMES, INC. | $435,391 | 19,021 | 0.05% | Shares |
| CenterBook Partners LP | $414,126 | 18,092 | 0.05% | Shares |
| RAYMOND JAMES FINANCIAL INC | $409,159 | 17,875 | 0.05% | Shares |
| SOROS CAPITAL MANAGEMENT LLC | $401,033 | 17,520 | 0.05% | Shares |
| CWM, LLC | $386,247 | 17,083 | 0.05% | Shares |
| Rafferty Asset Management, LLC | $382,721 | 16,720 | 0.05% | Shares |
| Invesco Ltd. | $382,698 | 16,719 | 0.05% | Shares |
| Polymer Capital Management (US) LLC | $374,572 | 16,364 | 0.05% | Shares |
| JANUS HENDERSON GROUP PLC | $357,204 | 15,788 | 0.04% | Shares |
Company insiders 11 insiders · 4 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Michael Mente | CO-CHIEF EXECUTIVE OFFICER | April 29, 2026 C | 0 | 0 | 21 | $-25,450,501 |
| Michael Karanikolas | CO-CHIEF EXECUTIVE OFFICER | April 29, 2026 C | 0 | 0 | 21 | $-25,450,501 |
| Jesse Timmermans | CHIEF FINANCIAL OFFICER | March 1, 2026 A | 22,760 | 0 | 3 | $-670,557 |
| David Pujades | CHIEF OPERATING OFFICER | Aug. 4, 2021 C | 0 | 0 | 0 | $0 |
| Erinn Elisabeth Murphy | Director | June 5, 2026 A | 7,483 | 0 | 0 | $0 |
| Melanie Cox | Director | June 5, 2026 A | 32,887 | 0 | 0 | $0 |
| Oana Ruxandra | Director | June 5, 2026 A | 26,175 | 0 | 0 | $0 |
| Jennifer Baxter Moser | Director | June 6, 2025 A | 13,515 | 0 | 0 | $0 |
| Marc D Stolzman | Director | June 9, 2023 A | 14,411 | 0 | 0 | $0 |
| Hadley Mullin | Director | Nov. 18, 2020 S | 0 | 0 | 0 | $0 |
| MMMK Development, Inc. | 10% owner | April 29, 2026 C | 0 | 0 | 21 | $-25,450,501 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 46 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 |
|---|---|---|---|---|
| ONLN · ProShares Trust | 3.10% | 104,440 NS | May 31, 2026 | N-PORT |
| CLIX · ProShares Trust | 2.65% | 9,850 NS | May 31, 2026 | N-PORT |
| RETL · Direxion Shares ETF Trust | 1.03% | 12,711 NS | April 30, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.13% | 17,897 NS | May 31, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 0.10% | 20,490 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.09% | 47,376 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.06% | 386,375 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.06% | 45,208 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.05% | 62,174 SH | Aug. 8, 2026 | Daily |
| FDIS · FIDELITY COVINGTON TRUST | 0.05% | 35,478 NS | April 30, 2026 | N-PORT |
| VCR · VANGUARD WORLD FUND | 0.05% | 161,481 SH | Aug. 8, 2026 | Daily |
| EBIT · Harbor ETF Trust | 0.05% | 202 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.03% | 1,072,037 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.03% | 12,928 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.03% | 17,587 NS | April 30, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.03% | 554,655 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 242,498 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.03% | 37,102 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 137,248 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.02% | 1,907 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 2,260 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.02% | 1,955 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 192,756 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 1,492 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 475,174 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 953,418 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 2,636 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 1,511 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 90,233 NS | April 30, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 23,782 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,431 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 4,268 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 38 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 2,505 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 9,261 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 16,565 NS | April 30, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 1,590 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 49,810 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 9,900 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 23,000 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 3,977 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 78 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 40 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,315,562 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,206 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.00% | 82 NS | April 30, 2026 | N-PORT |