RXO RXO, Inc. Common Stock
$22.99
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$10–$30
65% of range
Analyst Rating
HOLD
24 analysts
Price Target
$24
+6% upside
P/E (TTM)
-39.1
ROE
-6.4%
Net Profit Margin
-1.7%
RXO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$22.99
Market Cap
$3.79B
P/E (TTM)
-39.1
EPS (TTM)
$-0.59
Revenue (TTM)
$5.74B
Div Yield
—
ROE
-6.4%
Debt/Equity
—
52W Range
$10 – $30
RXO 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
$5.74B
2020-12-31
→
2025-12-31
EPS
$-0.59
2020-12-31
→
2025-12-31
Free Cash Flow
$-8M
2022-12-31
→
2025-12-31
Margins
-1.7%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
RXO
Peer Median
P/E (TTM)
-39.1
53.3
P/S (TTM)
0.7
1.2
P/B
2.5
1.4
Price / FCF
-473.8
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
RXO
Peer Median
Operating Margin
-1.4%
—
Net Profit Margin
-1.7%
1.7%
ROA
-3.0%
2.3%
ROE
-6.4%
4.0%
ROIC
-4.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
RXO
Peer Median
Current Ratio
1.3
1.5
Quick Ratio
1.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
RXO
Peer Median
Revenue YoY
26.2%
—
Revenue CAGR 3Y
6.2%
—
Revenue CAGR 5Y
11.3%
—
EPS YoY
-96.2%
—
Net Income YoY
-95.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
RXO
Peer Median
RXO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
24 analysts
- Strong Buy 4 16.7%
- Buy 5 20.8%
- Hold 12 50.0%
- Sell 3 12.5%
- Strong Sell 0 0.0%
12-Month Price Target
18 analysts · 2026-08-14
Median
$23.00
Now
$22.99
Low
$13.00
High
$35.00
Median target
$23.00
+0.0%
Mean target
$24.47
+6.4%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.00%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.06 | $0.03 | 0.03% |
| March 31, 2026 | $-0.09 | $-0.09 | 0.00% |
| Dec. 31, 2025 | $-0.07 | $-0.04 | -0.03% |
| Sept. 30, 2025 | $0.01 | $0.04 | -0.03% |
| June 30, 2025 | $0.04 | $0.02 | 0.02% |
| March 31, 2025 | $-0.03 | $-0.02 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| RXO | $2.07B | -21.4 | 26.2% | -1.7% | -6.4% | — |
| KNX | $8.49B | 127.5 | 0.80% | 0.88% | 0.93% | — |
| SAIA | $8.70B | 34.3 | 0.79% | 7.9% | 10.2% | — |
| R | $7.54B | 16.0 | 0.23% | 3.9% | 16.3% | — |
| LSTR | — | 44.1 | -1.6% | 2.4% | 13.0% | — |
| SNDR | — | 45.0 | 7.2% | 1.8% | 3.4% | — |
| ARCB | — | 28.3 | -4.0% | 1.5% | 4.6% | — |
| WERN | $1.80B | -125.0 | -1.8% | -0.48% | -1.0% | — |
| MRTN | $928M | 54.2 | -8.3% | 2.0% | 2.3% | — |
| HTLD | $699M | -13.5 | -23.1% | -6.5% | -6.8% | — |
| CVLG | — | 81.6 | 2.9% | 0.62% | 1.8% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $5.74B | $4.55B | $3.93B | $4.80B | $4.69B | |
| SG&A Expense | $832M | $666M | $591M | $640M | $539M | |
| Operating Income | $-79M | $-56M | $39M | $123M | $192M | |
| Other Non-op | $0 | $-219M | $-2M | $-1M | · | |
| Pretax Income | $-115M | $-304M | $4M | $119M | $191M | |
| Income Tax | $-15M | $-14M | $0 | $27M | $41M | |
| Net Income | $-100M | $-290M | $4M | $92M | $150M | |
| EPS (Basic) | $-0.59 | $-2.17 | $0.03 | $0.80 | $1.30 | |
| EPS (Diluted) | $-0.59 | $-2.17 | $0.03 | $0.79 | $1.30 | |
| Shares (Basic) | 168,462,000 | 133,412,000 | 116,871,000 | 115,335,000 | 115,163,000 | |
| Shares (Diluted) | 168,462,000 | 133,412,000 | 119,456,000 | 115,791,000 | 115,163,000 | |
| EBITDA | $37M | $31M | $106M | $209M | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $17M | $35M | $5M | $98M | $29M | |
| Receivables | $1.23B | $1.23B | $743M | $900M | $1.01B | |
| Prepaid Expense | $32M | $37M | $22M | · | · | |
| Other Current Assets | $74M | $77M | $48M | $31M | $44M | |
| Current Assets | $1.32B | $1.34B | $796M | $1.03B | $1.08B | |
| PP&E (Net) | $134M | $135M | $124M | $119M | $111M | |
| PP&E (Gross) | $515M | $452M | $417M | $360M | $330M | |
| Accum. Depreciation | $381M | $317M | $293M | $241M | $219M | |
| Goodwill | $1.11B | $1.12B | $630M | $630M | $630M | |
| Intangibles | $453M | $499M | $68M | $79M | $100M | |
| Other Non-current Assets | $24M | $42M | $12M | $15M | $16M | |
| Total Assets | $3.28B | $3.41B | $1.82B | $2.03B | $2.07B | |
| Accounts Payable | $539M | $568M | $414M | $501M | $520M | |
| Accrued Liabilities | $397M | $373M | $199M | $256M | $248M | |
| Current Liabilities | $1.04B | $1.06B | $682M | $823M | $816M | |
| Capital Leases | $191M | $215M | $146M | $114M | $93M | |
| Deferred Tax | $51M | $88M | $7M | $16M | $52M | |
| Other Non-current Liabilities | $69M | $83M | $40M | $40M | $37M | |
| Common Stock | $2M | $2M | $1M | $1M | $0 | |
| Paid-in Capital | $1.93B | $1.90B | $590M | $588M | $0 | |
| Retained Earnings | $-384M | $-284M | $6M | $2M | $0 | |
| AOCI | $-6M | $-10M | $-3M | $-4M | $-2M | |
| Stockholders' Equity | $1.54B | $1.61B | $594M | $587M | $1.07B | |
| Liabilities + Equity | $3.28B | $3.41B | $1.82B | $2.03B | $2.07B | |
| Shares Outstanding | 164,160,000 | 162,517,000 | 117,026,000 | 116,400,000 | 0 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| D&A | $116M | $87M | $67M | $86M | $81M | |
| Stock-based Comp | $29M | $23M | $19M | $32M | $8M | |
| Deferred Tax | $-21M | $-19M | $-8M | $-20M | $3M | |
| Amort. of Intangibles | $47M | $28M | $13M | $21M | $24M | |
| Restructuring | $38M | $33M | $16M | $13M | $2M | |
| Other Non-cash | $27M | $187M | $7M | $120M | · | |
| Operating Cash Flow | $51M | $-12M | $89M | $310M | $155M | |
| CapEx | $59M | $45M | $64M | $57M | $39M | |
| Investing Cash Flow | $-71M | $-1.06B | $-66M | $-56M | $-38M | |
| Stock Repurchased | $0 | $0 | $2M | $0 | $0 | |
| Net Stock Activity | $0 | $0 | $-2M | · | · | |
| Financing Cash Flow | $1M | $1.11B | $-117M | $-183M | $-158M | |
| Net Change in Cash | $-17M | $30M | $-93M | $69M | $-41M | |
| Taxes Paid | $7M | · | · | · | · | |
| Free Cash Flow | $-8M | $-57M | $25M | $253M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Margin | -1.4% | -1.2% | 0.99% | 2.6% | · | |
| Net Margin | -1.7% | -6.4% | 0.10% | 1.9% | · | |
| Pretax Margin | -2.0% | -6.7% | 0.10% | 2.5% | · | |
| EBITDA Margin | 0.64% | 0.68% | 2.7% | 4.4% | · | |
| ROA | -3.0% | -11.1% | 0.21% | 4.5% | · | |
| ROE | -6.4% | -17.8% | 0.68% | 10.6% | · | |
| ROIC | -4.5% | -3.3% | 6.6% | 16.2% | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.3 | 1.2 | 1.3 | · | |
| Quick Ratio | 1.2 | 1.2 | 1.1 | 1.2 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | 1.7 | 1.7 | 2.0 | 2.3 | · | |
| Receivables Turnover | 4.7 | 4.6 | 4.8 | 5.0 | · |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue YoY | 26.2% | 15.9% | -18.1% | 2.3% | 39.7% | |
| Revenue CAGR 3Y | 6.2% | -1.0% | 5.4% | · | · | |
| Revenue CAGR 5Y | 11.3% | · | · | · | · | |
| EPS YoY | · | · | -96.2% | -39.2% | 251.3% | |
| EPS CAGR 3Y | · | · | -56.7% | · | · | |
| Net Income YoY | · | · | -95.7% | -38.7% | 248.8% | |
| Net Income CAGR 3Y | · | · | -54.7% | · | · |
Valuation (TTM) 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $5.74B | $4.55B | $3.93B | $4.80B | · | |
| Net Income TTM | $-100M | $-290M | $4M | $92M | · | |
| Market Cap | $2.07B | $3.87B | $2.72B | $2.00B | · | |
| P/E | -21.4 | -11.0 | 775.3 | 21.8 | · | |
| P/S | 0.4 | 0.9 | 0.7 | 0.4 | · | |
| P/B | 1.3 | 2.4 | 4.6 | 3.4 | · | |
| P / Cash Flow | 40.7 | -322.9 | 30.6 | 6.5 | · | |
| P / FCF | -259.4 | -68.0 | 108.9 | 7.9 | · | |
| Earnings Yield | -4.7% | -9.1% | 0.13% | 4.6% | · |
Income Statement 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.77B | $1.43B | $1.47B | $1.42B | $1.42B | $1.43B | $1.67B | $1.04B | $930M | $913M | $978M | $976M | $963M | $1.01B | $1.12B | $1.14B | |
| SG&A Expense | $211M | $197M | $200M | $208M | $214M | $210M | $218M | $149M | $154M | $145M | $146M | $148M | $144M | $153M | $155M | $158M | |
| Operating Income | $1M | $-28M | $-42M | $-7M | $0 | $-30M | $-24M | $-20M | $0 | $-12M | $14M | $6M | $14M | $5M | $-1M | $15M | |
| Other Non-op | $0 | $-1M | $1M | $1M | $-2M | $0 | $-2M | $-216M | $0 | $-1M | $-1M | $-1M | · | · | · | · | |
| Pretax Income | $-8M | $-49M | $-51M | $-15M | $-10M | $-39M | $-33M | $-242M | $-8M | $-21M | $4M | $-3M | $6M | $-3M | $-6M | $15M | |
| Income Tax | $1M | $-13M | $-5M | $-1M | $-1M | $-8M | $-8M | $1M | $-1M | $-6M | $2M | $-2M | $3M | $-3M | $-2M | $2M | |
| Net Income | $-9M | $-36M | $-46M | $-14M | $-9M | $-31M | $-25M | $-243M | $-7M | $-15M | $2M | $-1M | $3M | $0 | $-4M | $13M | |
| EPS (Basic) | $-0.05 | $-0.21 | $-0.28 | $-0.08 | $-0.05 | $-0.18 | $-0.17 | $-1.81 | $-0.06 | $-0.13 | $0.01 | $-0.01 | $0.03 | $0.00 | $-0.03 | $0.11 | |
| EPS (Diluted) | $-0.05 | $-0.21 | $-0.28 | $-0.08 | $-0.05 | $-0.18 | $-0.17 | $-1.81 | $-0.06 | $-0.13 | $0.01 | $-0.01 | $0.03 | $0.00 | $-0.04 | $0.11 | |
| Shares (Basic) | 169,646,000 | 169,104,000 | -336,664,000 | 168,578,000 | 168,525,000 | 168,023,000 | -235,479,000 | 134,095,000 | 117,579,000 | 117,217,000 | -233,593,000 | 116,970,000 | 116,894,000 | 116,600,000 | -230,154,000 | 115,163,000 | |
| Shares (Diluted) | 169,646,000 | 169,104,000 | -336,664,000 | 168,578,000 | 168,525,000 | 168,023,000 | -235,479,000 | 134,095,000 | 117,579,000 | 117,217,000 | -236,340,000 | 116,970,000 | 119,457,000 | 119,369,000 | -229,698,000 | 115,163,000 | |
| EBITDA | $27M | $-2M | · | $19M | $30M | $2M | · | $1M | $17M | $4M | · | $22M | $32M | $23M | · | $38M |
Balance Sheet 25
| 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 | $15M | $21M | $17M | $25M | $18M | $16M | $35M | $55M | $7M | $7M | · | $104M | $124M | $121M | · | $187M | |
| Receivables | $1.44B | $1.22B | $1.23B | $1.10B | $1.06B | $1.15B | $1.23B | $1.14B | $725M | $716M | · | $787M | $743M | $862M | · | $1.01B | |
| Prepaid Expense | · | · | $32M | · | · | · | $37M | · | · | · | · | · | · | · | · | · | |
| Other Current Assets | $97M | $98M | $74M | $72M | $101M | $89M | $77M | $62M | $44M | $47M | · | $45M | $49M | $46M | · | $26M | |
| Current Assets | $1.56B | $1.33B | $1.32B | $1.20B | $1.18B | $1.25B | $1.34B | $1.25B | $776M | $770M | · | $936M | $916M | $1.03B | · | $1.23B | |
| PP&E (Net) | · | · | $134M | · | · | · | $135M | $175M | · | · | · | · | · | · | · | · | |
| PP&E (Gross) | · | · | $515M | · | · | · | $452M | $475M | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $381M | · | · | · | $317M | $300M | · | · | · | · | · | · | · | · | |
| Goodwill | $1.11B | $1.11B | $1.11B | $1.12B | $1.12B | $1.12B | $1.12B | $1.03B | $630M | $630M | $630M | $630M | $630M | $630M | · | $630M | |
| Intangibles | $432M | $442M | $453M | $463M | $474M | $484M | $499M | $565M | $62M | $65M | · | $72M | $73M | $76M | · | $85M | |
| Other Non-current Assets | $29M | $27M | $24M | $23M | $31M | $42M | $42M | $37M | $17M | $13M | · | $13M | $13M | $14M | · | $16M | |
| Total Assets | $3.46B | $3.27B | $3.28B | $3.20B | $3.20B | $3.30B | $3.41B | $3.39B | $1.81B | $1.80B | · | $1.95B | $1.91B | $2.02B | · | $2.24B | |
| Accounts Payable | $713M | $584M | $539M | $481M | $461M | $498M | $568M | $572M | $382M | $372M | · | $448M | $432M | $496M | · | $547M | |
| Accrued Liabilities | $404M | $367M | $397M | $321M | $315M | $358M | $373M | $262M | $197M | $220M | · | $221M | $210M | $265M | · | $284M | |
| Current Liabilities | $1.23B | $1.05B | $1.04B | $907M | $880M | $964M | $1.06B | $947M | $662M | $674M | · | $728M | $699M | $820M | · | $888M | |
| Capital Leases | $167M | $182M | $191M | $202M | $201M | $201M | $215M | $261M | $160M | $150M | · | $125M | $118M | $109M | · | $119M | |
| Deferred Tax | $35M | $36M | $51M | $54M | $75M | $77M | $88M | $115M | $0 | $1M | · | $15M | $17M | $16M | · | $44M | |
| Other Non-current Liabilities | $65M | $63M | $69M | $71M | $70M | $88M | $83M | $65M | $42M | $41M | · | $37M | $38M | $37M | · | $36M | |
| Common Stock | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | · | $1M | $1M | $1M | · | · | |
| Paid-in Capital | $1.94B | $1.93B | $1.93B | $1.92B | $1.92B | $1.91B | $1.90B | $1.91B | $599M | $593M | · | $589M | $587M | $586M | · | · | |
| Retained Earnings | $-429M | $-420M | $-384M | $-338M | $-324M | $-315M | $-284M | $-259M | $-16M | $-9M | · | $4M | $5M | $2M | · | · | |
| AOCI | $-7M | $-7M | $-6M | $-6M | $-5M | $-8M | $-10M | $-5M | $-5M | $-3M | · | $-4M | $-4M | $-4M | · | $-4M | |
| Stockholders' Equity | $1.51B | $1.51B | $1.54B | $1.58B | $1.59B | $1.59B | $1.61B | $1.65B | $579M | $582M | $594M | $590M | $589M | $585M | $587M | $1.14B | |
| Liabilities + Equity | $3.46B | $3.27B | $3.28B | $3.20B | $3.20B | $3.30B | $3.41B | $3.39B | $1.81B | $1.80B | · | $1.95B | $1.91B | $2.02B | · | $2.24B | |
| Shares Outstanding | 164,920,000 | 164,867,000 | 164,160,000 | 164,103,000 | 163,970,000 | 163,912,000 | 162,517,000 | 160,790,000 | 117,607,000 | 117,544,000 | 117,026,000 | 117,002,000 | 116,954,000 | 116,853,000 | 116,400,000 | · |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $26M | $26M | $28M | $26M | $30M | $32M | $33M | $21M | $17M | $16M | $15M | $16M | $18M | $18M | $21M | $23M | |
| Stock-based Comp | $7M | $7M | $7M | $8M | $7M | $7M | $6M | $6M | $6M | $5M | $3M | $5M | $6M | $5M | $23M | $3M | |
| Deferred Tax | $0 | $-15M | $-6M | $-2M | $-2M | $-11M | $-7M | $-3M | $-2M | $-7M | $-7M | $-3M | $2M | $0 | $-12M | $-7M | |
| Amort. of Intangibles | · | · | · | · | · | · | $17M | $5M | · | · | $3M | $4M | · | · | · | · | |
| Restructuring | $7M | $7M | $17M | $4M | $3M | $14M | $18M | $2M | $2M | $11M | · | $3M | $1M | $8M | · | · | |
| Other Non-cash | · | $11M | · | · | · | $1M | · | · | · | $8M | · | · | · | $19M | · | · | |
| Operating Cash Flow | $-40M | $-7M | $7M | $23M | $23M | $-2M | $-7M | $-7M | $-5M | $7M | $19M | $4M | $24M | $42M | $76M | $57M | |
| CapEx | $12M | $17M | $16M | $14M | $14M | $15M | $12M | $11M | $11M | $11M | $18M | $18M | $16M | $12M | $18M | $15M | |
| Investing Cash Flow | $-12M | $-17M | $-15M | $-13M | $-18M | $-25M | $-12M | $-1.03B | $-11M | $-11M | $-19M | $-19M | $-16M | $-12M | $-18M | $-14M | |
| Stock Issued | · | · | · | $0 | · | · | · | $-30M | · | · | · | · | · | · | · | · | |
| Stock Repurchased | · | · | · | · | · | · | $0 | $0 | · | · | $0 | $0 | · | · | $0 | $0 | |
| Financing Cash Flow | $46M | $28M | $0 | $-3M | $-3M | $7M | $1M | $1.08B | $16M | $6M | $-100M | $-4M | $-5M | $-8M | $-145M | $-68M | |
| Net Change in Cash | $-6M | $4M | $-8M | $7M | $3M | $-19M | $-20M | $48M | $0 | $2M | $-99M | $-20M | $3M | $23M | $-89M | $-25M | |
| Free Cash Flow | · | $-24M | · | · | · | $-17M | · | · | · | $-4M | · | · | · | $30M | · | · |
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 | 0.06% | -2.0% | · | -0.49% | 0.00% | -2.1% | · | -1.9% | 0.00% | -1.3% | · | 0.61% | 1.5% | 0.50% | · | 1.3% | |
| Net Margin | -0.51% | -2.5% | · | -0.99% | -0.63% | -2.2% | · | -23.4% | -0.75% | -1.6% | · | -0.10% | 0.31% | 0.00% | · | 1.1% | |
| Pretax Margin | -0.45% | -3.4% | · | -1.1% | -0.70% | -2.7% | · | -23.3% | -0.86% | -2.3% | · | -0.31% | 0.62% | -0.30% | · | 1.3% | |
| EBITDA Margin | 1.5% | -0.14% | · | 1.3% | 2.1% | 0.14% | · | 0.10% | 1.8% | 0.44% | · | 2.2% | 3.3% | 2.3% | · | 3.3% | |
| ROA | -0.27% | -1.1% | · | -0.42% | -0.36% | -1.2% | · | -9.1% | -0.38% | -0.79% | · | -0.05% | 0.31% | 0.00% | · | 1.2% | |
| ROE | -0.58% | -2.3% | · | -0.87% | -0.83% | -2.9% | · | -21.7% | -1.2% | -2.6% | · | -0.12% | 1.0% | 0.00% | · | 2.3% | |
| ROIC | 0.07% | -1.4% | · | -0.41% | 0.00% | -1.5% | · | -1.2% | 0.00% | -1.5% | · | 0.34% | 1.2% | 0.00% | · | 1.1% |
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 | 1.3 | 1.3 | · | 1.3 | 1.3 | 1.3 | · | 1.3 | 1.2 | 1.1 | · | 1.3 | 1.3 | 1.3 | · | 1.4 | |
| Quick Ratio | 1.2 | 1.2 | · | 1.2 | 1.2 | 1.2 | · | 1.3 | 1.1 | 1.1 | · | 1.2 | 1.2 | 1.2 | · | 1.4 |
Efficiency 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.4 | · | 0.4 | 0.6 | 0.6 | · | 0.4 | 0.5 | 0.5 | · | 0.5 | 1.0 | 1.0 | · | 1.0 | |
| Receivables Turnover | 1.4 | 1.2 | · | 1.3 | 1.6 | 1.5 | · | 1.1 | 1.3 | 1.2 | · | 1.1 | 2.6 | 2.3 | · | 2.2 |
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 | $6.04B | $5.70B | · | $5.31B | $4.82B | $4.32B | · | $3.86B | $3.78B | $3.86B | · | $4.09B | $4.34B | $4.69B | · | $4.87B | |
| Net Income TTM | $-68M | $-90M | · | $-297M | $-290M | $-296M | · | $-266M | $-20M | $-13M | · | $15M | $60M | $96M | · | $129M | |
| Market Cap | $4.55B | $2.41B | · | $2.52B | $2.58B | $3.13B | · | $4.50B | $3.08B | $2.57B | · | $2.31B | $2.65B | $2.29B | · | · | |
| P/E | -70.7 | -28.1 | · | -7.3 | -7.5 | -8.8 | · | -13.9 | -153.8 | -198.8 | · | 151.8 | 43.6 | 23.7 | · | · | |
| P/S | 0.8 | 0.4 | · | 0.5 | 0.5 | 0.7 | · | 1.2 | 0.8 | 0.7 | · | 0.6 | 0.6 | 0.5 | · | · | |
| P/B | 3.0 | 1.6 | · | 1.6 | 1.6 | 2.0 | · | 2.7 | 5.3 | 4.4 | · | 3.9 | 4.5 | 3.9 | · | · | |
| P / Tangible Book | · | · | · | · | · | · | · | 75.0 | · | · | · | · | · | · | · | · | |
| P / Cash Flow | · | -344.3 | · | · | · | -1565.4 | · | · | · | 367.2 | · | · | · | 54.6 | · | · | |
| P / FCF | · | -100.4 | · | · | · | -184.2 | · | · | · | -642.7 | · | · | · | 76.5 | · | · | |
| Earnings Yield | -1.4% | -3.6% | · | -13.8% | -13.4% | -11.4% | · | -7.2% | -0.65% | -0.50% | · | 0.66% | 2.3% | 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 | $5.74B | $4.55B | $3.93B | $4.80B | $4.69B |
| Operating Margin % | -1.4% | -1.2% | 0.99% | 2.6% | — |
| Net Income | $-100M | $-290M | $4M | $92M | $150M |
| Diluted EPS | $-0.59 | $-2.17 | $0.03 | $0.79 | $1.30 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 1.3 | 1.3 | 1.2 | 1.3 | — |
| Quick Ratio | 1.2 | 1.2 | 1.1 | 1.2 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-8M | $-57M | $25M | $253M | — |
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Institutional owners (13F) 331 filers · $3.8B 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 |
|---|---|---|---|---|
| 73 (+20 vs prior Q) | 29 (-11 vs prior Q) | 94 (+5 vs prior Q) | 78 (+8 vs prior Q) | +49.2M |
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 |
|---|---|---|---|---|
| Orbis Allan Gray Ltd | $956,995,127 | 34,686,304 | 24.88% | Shares |
| MFN Partners Management, LP | $775,553,300 | 28,109,942 | 20.16% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $256,333,917 | 9,290,827 | 6.66% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $205,017,400 | 7,430,859 | 5.33% | Shares |
| STATE STREET CORP | $183,699,876 | 6,658,205 | 4.78% | Shares |
| Hood River Capital Management LLC | $178,743,084 | 6,478,546 | 4.65% | Shares |
| Finepoint Capital LP | $147,756,728 | 5,355,445 | 3.84% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $100,702,880 | 3,649,103 | 2.62% | Shares |
| FIL Ltd | $72,423,750 | 2,625,000 | 1.88% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $72,104,092 | 2,613,414 | 1.87% | Shares |
| Maple Rock Capital Partners Inc. | $71,283,041 | 2,583,655 | 1.85% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $63,382,286 | 2,297,292 | 1.65% | Shares |
| Boston Partners | $59,293,240 | 2,148,998 | 1.54% | Shares |
| EMERALD ADVISERS, LLC | $32,404,924 | 1,174,517 | 0.84% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $30,581,887 | 1,108,441 | 0.79% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $30,311,809 | 1,098,652 | 0.79% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $28,313,500 | 1,026,223 | 0.74% | Shares |
| Swedbank AB | $27,010,610 | 979,000 | 0.70% | Shares |
| Penn Capital Management Company, LLC | $26,951,570 | 974,963 | 0.70% | Shares |
| Driehaus Capital Management LLC | $21,204,432 | 768,555 | 0.55% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $20,996,404 | 761,015 | 0.55% | Shares |
| Divisar Capital Management LLC | $18,279,065 | 662,525 | 0.48% | Shares |
| Mawer Investment Management Ltd. | $18,136,149 | 657,345 | 0.47% | Shares |
| GOLDMAN SACHS GROUP INC | $18,111,538 | 656,453 | 0.47% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $18,034,617 | 653,665 | 0.47% | Shares |
| Encompass Capital Advisors LLC | $16,850,730 | 610,755 | 0.44% | Shares |
| CITADEL ADVISORS LLC | $16,828,355 | 609,944 | 0.44% | Shares |
| ROYCE & ASSOCIATES LP | $15,815,140 | 573,220 | 0.41% | Shares |
| Public Sector Pension Investment Board | $15,631,142 | 566,551 | 0.41% | Shares |
| PRIMECAP MANAGEMENT CO/CA/ | $15,603,414 | 565,546 | 0.41% | Shares |
| D. E. Shaw & Co., Inc. | $14,965,230 | 542,415 | 0.39% | Shares |
| ANCHOR CAPITAL MANAGEMENT COMPANY, LLC | $13,927,432 | 504,800 | 0.36% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $13,771,841 | 505,018 | 0.36% | Shares |
| VANGUARD GROUP INC | $13,275,729 | 1,050,295 | 0.35% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $12,445,853 | 451,100 | 0.32% | Shares |
| Cornerstone Wealth Group, LLC | $12,259,258 | 444,337 | 0.32% | Shares |
| GOLDMAN SACHS GROUP INC | $12,255,478 | 444,200 | 0.32% | Call option |
| RHUMBLINE ADVISERS | $11,537,865 | 418,191 | 0.30% | Shares |
| LMR Partners LLP | $11,182,227 | 405,300 | 0.29% | Put option |
| ArrowMark Colorado Holdings LLC | $10,958,582 | 397,194 | 0.28% | Shares |
| FRED ALGER MANAGEMENT, LLC | $9,713,363 | 352,061 | 0.25% | Shares |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | $9,380,600 | 340,000 | 0.24% | Shares |
| Attestor Capital Ltd | $7,879,704 | 285,600 | 0.20% | Shares |
| AMERIPRISE FINANCIAL INC | $7,048,721 | 255,481 | 0.18% | Shares |
| Legal & General Group Plc | $6,981,318 | 253,038 | 0.18% | Shares |
| BlackRock, Inc. | $6,949,286 | 251,877 | 0.18% | Shares |
| Swiss National Bank | $5,471,097 | 198,300 | 0.14% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,389,182 | 195,331 | 0.14% | Shares |
| New Age Alpha Advisors, LLC | $4,917,117 | 178,221 | 0.13% | Shares |
| PRUDENTIAL FINANCIAL INC | $4,737,782 | 171,721 | 0.12% | Shares |
| Walleye Trading LLC | $4,428,195 | 160,500 | 0.12% | Put option |
| Edgestream Partners, L.P. | $3,964,380 | 143,689 | 0.10% | Shares |
| EFG Asset Management (North America) Corp. | $3,155,294 | 205,089 | 0.08% | Shares |
| JANE STREET GROUP, LLC | $3,048,695 | 110,500 | 0.08% | Call option |
| VANGUARD ASSET MANAGEMENT, Ltd | $2,993,570 | 108,502 | 0.08% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,986,135 | 204,250 | 0.08% | Shares |
| CITADEL ADVISORS LLC | $2,896,950 | 105,000 | 0.08% | Call option |
| MILLENNIUM MANAGEMENT LLC | $2,839,728 | 102,926 | 0.07% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,830,734 | 102,600 | 0.07% | Put option |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | $2,759,000 | 100,000 | 0.07% | Put option |
| MetLife Investment Management, LLC | $2,700,509 | 97,880 | 0.07% | Shares |
| Vestmark Advisory Solutions, Inc. | $2,507,572 | 90,887 | 0.07% | Shares |
| CITIGROUP INC | $2,418,346 | 87,653 | 0.06% | Shares |
| Quantinno Capital Management LP | $2,395,143 | 86,812 | 0.06% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $2,280,258 | 82,648 | 0.06% | Shares |
| Caption Management, LLC | $2,198,923 | 79,700 | 0.06% | Call option |
| Illinois Municipal Retirement Fund | $2,131,465 | 77,255 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $2,131,383 | 77,252 | 0.06% | Shares |
| CITADEL ADVISORS LLC | $2,074,768 | 75,200 | 0.05% | Put option |
| Man Group plc | $2,065,112 | 74,850 | 0.05% | Shares |
| Louisiana State Employees Retirement System | $1,994,757 | 72,300 | 0.05% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,994,373 | 136,414 | 0.05% | Shares |
| FIRST TRUST ADVISORS LP | $1,899,212 | 68,837 | 0.05% | Shares |
| Invesco Ltd. | $1,848,254 | 66,990 | 0.05% | Shares |
| FMR LLC | $1,745,950 | 63,282 | 0.05% | Shares |
| Vanguard Global Advisers, LLC | $1,743,688 | 63,200 | 0.05% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,740,929 | 63,100 | 0.05% | Call option |
| Aperture Investors, LLC | $1,736,211 | 62,929 | 0.05% | Shares |
| Aquatic Capital Management LLC | $1,669,940 | 60,527 | 0.04% | Shares |
| State of Tennessee, Department of Treasury | $1,663,208 | 60,283 | 0.04% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,661,277 | 60,213 | 0.04% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $1,483,928 | 53,785 | 0.04% | Shares |
| FIFTH THIRD BANCORP | $1,418,153 | 51,401 | 0.04% | Shares |
| Rialto Wealth Management, LLC | $1,366,864 | 49,542 | 0.04% | Shares |
| Police & Firemen's Retirement System of New Jersey | $1,365,181 | 49,481 | 0.04% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $1,348,130 | 48,863 | 0.04% | Shares |
| OPPENHEIMER & CO INC | $1,325,148 | 48,030 | 0.03% | Shares |
| State of New Jersey Common Pension Fund D | $1,270,161 | 46,037 | 0.03% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $1,252,089 | 45,382 | 0.03% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $1,251,317 | 45,354 | 0.03% | Shares |
| YOUSIF CAPITAL MANAGEMENT, LLC | $1,227,314 | 44,484 | 0.03% | Shares |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | $1,206,538 | 43,731 | 0.03% | Shares |
| Apollon Wealth Management, LLC | $1,188,826 | 43,089 | 0.03% | Shares |
| Mariner, LLC | $1,162,836 | 42,149 | 0.03% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $1,078,990 | 39,108 | 0.03% | Shares |
| OREGON PUBLIC EMPLOYEES RETIREMENT FUND | $1,033,052 | 37,443 | 0.03% | Shares |
| POLEN CAPITAL MANAGEMENT LLC | $1,031,866 | 37,400 | 0.03% | Shares |
| CAXTON ASSOCIATES LLP | $969,237 | 35,130 | 0.03% | Shares |
| FORMULA GROWTH LTD | $965,650 | 35,000 | 0.03% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $921,672 | 33,406 | 0.02% | Shares |
Company insiders 13 insiders · 5 officers · 9 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Andrew M. Wilkerson | Chief Executive Officer | May 15, 2026 G | 430,475 | 2 | 0 | $149,422 |
| James E Harris | Chief Financial Officer | March 22, 2026 M | 130,131 | 0 | 0 | $0 |
| Daniel S. Morris | Chief Accounting Officer | May 15, 2026 A | — | 0 | 0 | $0 |
| Jeffrey D. Firestone | Chief Legal Officer | March 22, 2026 M | 102,732 | 0 | 0 | $0 |
| Jason S. Kerr | Chief Accounting Officer | March 22, 2026 M | 48,443 | 0 | 1 | $-385,779 |
| Stephen M. Renna | Director | Jan. 2, 2026 A | 30,875 | 0 | 0 | $0 |
| Mary E. Kissel | Director | Jan. 2, 2026 M | 35,137 | 0 | 0 | $0 |
| Christine S Breves | Director | Jan. 2, 2026 M | 34,275 | 0 | 0 | $0 |
| Michelle Nettles | Director | Jan. 2, 2026 A | — | 0 | 0 | $0 |
| Troy A. Cooper | Director | Jan. 2, 2026 M | 283,161 | 1 | 0 | $88,243 |
| Adrian Kingshott | Director | Jan. 2, 2026 A | 91,137 | 2 | 0 | $201,024 |
| Thomas A Szlosek | Director | Jan. 2, 2026 A | 0 | 1 | 0 | $251,210 |
| XPO Logistics, Inc. | Director | Nov. 1, 2022 J | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
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 |
|---|---|---|---|---|
| CSD · Invesco Exchange-Traded Fund Trust | 1.88% | 196,750 SH | Aug. 8, 2026 | Daily |
| PSCI · Invesco Exchange-Traded Fund Trust … | 1.06% | 96,424 SH | Aug. 8, 2026 | Daily |
| RZV · Invesco Exchange-Traded Fund Trust | 0.78% | 110,442 SH | Aug. 8, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | 0.49% | 349,949 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.45% | 60,176 SH | Aug. 8, 2026 | Daily |
| IYT · iShares Trust | 0.42% | 464,120 SH | Aug. 8, 2026 | Daily |
| IJS · iShares Trust | 0.36% | 1,469,127 SH | Aug. 8, 2026 | Daily |
| TPOR · Direxion Shares ETF Trust | 0.33% | 3,014 NS | April 30, 2026 | N-PORT |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.33% | 67,762 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.28% | 138,638 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.27% | 258,394 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.25% | 576,616 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.22% | 776,030 NS | May 31, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.22% | 2,730 NS | May 31, 2026 | N-PORT |
| XJR · iShares Trust | 0.21% | 19,488 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.21% | 1,477,982 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.20% | 23,319 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.20% | 260,690 SH | Aug. 8, 2026 | Daily |
| ESSC · Strategy Shares | 0.19% | 2,492 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.19% | 1,964 NS | May 31, 2026 | N-PORT |
| IJR · iShares Trust | 0.18% | 10,056,347 SH | Aug. 8, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.17% | 111,119 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 63,158 NS | April 30, 2026 | N-PORT |
| SHPP · Pacer Funds Trust | 0.15% | 153 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.15% | 5,897 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.14% | 965,318 SH | Aug. 8, 2026 | Daily |
| VBK · VANGUARD INDEX FUNDS | 0.12% | 2,186,971 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.11% | 4,250,977 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.10% | 7,654 NS | May 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.10% | 51,442 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.10% | 70,453 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.09% | 788,103 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.08% | 546,404 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.06% | 5,986 NS | May 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.06% | 84,370 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.05% | 7,248 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.05% | 1,891,491 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.05% | 3,782,784 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.05% | 18,141 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.04% | 6,056 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.04% | 8,475 NS | April 30, 2026 | N-PORT |
| VIS · VANGUARD WORLD FUND | 0.04% | 120,172 SH | Aug. 8, 2026 | Daily |
| FIDU · FIDELITY COVINGTON TRUST | 0.03% | 31,136 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.02% | 6,695 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.02% | 6,203 SH | Aug. 8, 2026 | Daily |
| HDG · ProShares Trust | 0.02% | 152 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.02% | 9,013 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.01% | 79,339 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 5,234,958 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 9,488 SH | Aug. 8, 2026 | Daily |