SDGR Schrodinger, Inc. - Common Stock
$19.22
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$11–$23
68% of range
Analyst Rating
BUY
13 analysts
Price Target
$21
+7% upside
P/E (TTM)
-12.7
ROE
-29.2%
Net Profit Margin
-40.4%
SDGR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$19.21
Market Cap
—
P/E (TTM)
-12.7
EPS (TTM)
$-1.41
Revenue (TTM)
$256M
Div Yield
—
ROE
-29.2%
Debt/Equity
—
52W Range
$11 – $23
SDGR 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
$256M
2019-12-31
→
2025-12-31
EPS
$-1.41
2020-12-31
→
2025-12-31
Free Cash Flow
$12M
2020-12-31
→
2025-12-31
Margins
-40.4%
2020-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SDGR
Peer Median
P/E (TTM)
-12.7
39.8
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SDGR
Peer Median
Gross Margin
55.7%
69.0%
Operating Margin
-65.2%
—
Net Profit Margin
-40.4%
1.5%
ROA
-13.3%
0.92%
ROE
-29.2%
3.3%
ROIC
-46.3%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SDGR
Peer Median
Current Ratio
2.7
2.2
Quick Ratio
2.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SDGR
Peer Median
Revenue YoY
23.3%
—
Revenue CAGR 3Y
12.2%
—
Revenue CAGR 5Y
18.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SDGR
Peer Median
SDGR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
13 analysts
- Strong Buy 3 23.1%
- Buy 7 53.8%
- Hold 3 23.1%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-15
Median
$20.00
Now
$19.21
Low
$13.00
High
$30.00
Median target
$20.00
+4.1%
Mean target
$20.57
+7.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.24%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.08 | $-0.49 | 0.57% |
| March 31, 2026 | $-0.81 | $-0.65 | -0.16% |
| Dec. 31, 2025 | $0.45 | $-0.19 | 0.64% |
| Sept. 30, 2025 | $-0.45 | $-0.72 | 0.27% |
| June 30, 2025 | $-0.59 | $-0.78 | 0.19% |
| March 31, 2025 | $-0.82 | $-0.76 | -0.06% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SDGR | — | -12.7 | 23.3% | -40.4% | -29.2% | 55.7% |
| VEEV | $33.40B | 37.5 | 16.3% | 28.4% | 13.1% | 75.5% |
| DOCS | $4.27B | 23.8 | 13.1% | 30.4% | 19.2% | 89.1% |
| WAY | $6.27B | 53.7 | 16.5% | 10.2% | 3.2% | — |
| HTFL | $2.49B | -9.2 | 39.9% | -66.3% | 39.3% | 76.8% |
| GDRX | — | 30.1 | 0.57% | 3.8% | 4.8% | — |
| CERT | $1.40B | -881.0 | 8.8% | -0.38% | -0.15% | — |
| TDOC | $1.25B | -6.1 | -1.5% | -7.9% | -14.3% | — |
| HSTM | $682M | 37.8 | 4.3% | 6.0% | 5.2% | — |
| PHR | — | 335.8 | 14.5% | 0.48% | 0.73% | — |
| CTEV | $708M | -2.5 | 3.7% | -29.4% | 265.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $256M | $208M | $217M | $181M | $138M | $108M | $86M | |
| Cost of Revenue | $113M | $75M | $76M | $80M | $72M | $45M | $36M | |
| Gross Profit | $143M | $132M | $141M | $101M | $66M | $63M | $49M | |
| R&D Expense | $173M | $202M | $182M | $126M | $91M | $65M | $39M | |
| SG&A Expense | $95M | $100M | $99M | $91M | $64M | $42M | $27M | |
| Operating Expenses | $310M | $341M | $318M | $248M | $177M | $124M | $88M | |
| Operating Income | $-167M | $-209M | $-177M | $-147M | $-111M | $-61M | $-39M | |
| Interest Income | · | · | · | $4M | $1M | $2M | $2M | |
| Other Non-op | $16M | $18M | $20M | $4M | $1M | $2M | $13M | |
| Pretax Income | $-102M | $-186M | $43M | $-149M | $-101M | $-26M | $-26M | |
| Income Tax | $939.0K | $1M | $2M | $63.0K | $411.0K | $345.0K | $-291.0K | |
| Net Income | $-103M | $-187M | $41M | $-149M | $-100M | $-24M | $-25M | |
| EPS (Basic) | $-1.41 | $-2.57 | $0.57 | $-2.10 | $-1.42 | $-0.41 | · | |
| EPS (Diluted) | $-1.41 | $-2.57 | $0.54 | $-2.10 | $-1.42 | $-0.41 | · | |
| Shares (Basic) | 73,443,298 | 72,670,295 | 71,776,301 | 71,173,419 | 70,594,950 | 60,024,658 | · | |
| Shares (Diluted) | 73,443,298 | 72,670,295 | 74,986,816 | 71,173,419 | 70,594,950 | 60,024,658 | · | |
| EBITDA | $-161M | $-203M | $-172M | $-142M | $-109M | $-57M | · |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $231M | $147M | $155M | $90M | $120M | $202M | $26M | |
| Short-term Investments | $165M | $205M | $308M | $361M | $456M | $440M | $60M | |
| Receivables | $83M | $236M | $66M | $56M | $32M | $31M | $19M | |
| Prepaid Expense | $13M | $12M | $10M | $9M | $5M | $4M | $6M | |
| Current Assets | $519M | $635M | $568M | $534M | $625M | $683M | $119M | |
| PP&E (Net) | · | · | · | $14M | $10M | $5M | $6M | |
| PP&E (Gross) | · | · | · | $28M | $22M | $19M | $17M | |
| Accum. Depreciation | $25M | $21M | $18M | $14M | $12M | $14M | $11M | |
| Goodwill | $5M | $5M | $5M | $5M | $0 | · | · | |
| Intangibles | · | · | $0 | $587.0K | $0 | · | · | |
| Other Non-current Assets | $6M | $4M | $6M | $3M | $3M | $2M | $2M | |
| Total Assets | $726M | $823M | $803M | $689M | $756M | $746M | $155M | |
| Accounts Payable | $11M | $11M | $17M | $9M | $8M | $8M | $4M | |
| Current Liabilities | $189M | $192M | $134M | $109M | $91M | $73M | $45M | |
| Capital Leases | $93M | $101M | $111M | $105M | $78M | $7M | $9M | |
| Other Non-current Liabilities | $1M | $146.0K | $667.0K | $800.0K | $300.0K | $654.0K | $900.0K | |
| Total Liabilities | $362M | $402M | $254M | $241M | $199M | $122M | $57M | |
| Common Stock | · | · | · | · | · | $607.0K | $61.0K | |
| Retained Earnings | $-629M | $-526M | $-338M | $-379M | $-230M | $-130M | $-105M | |
| AOCI | $107.0K | $220.0K | $281.0K | $-2M | $-651.0K | $317.0K | $16.0K | |
| Stockholders' Equity | $364M | $421M | $549M | $448M | $557M | $624M | $-93M | |
| Liabilities + Equity | $726M | $823M | $803M | $689M | $756M | $746M | $155M | |
| Shares Outstanding | · | · | 62,977,316 | 62,163,739 | 61,834,515 | 60,713,534 | 6,121,821 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $6M | $6M | $6M | $4M | $3M | $4M | $4M | |
| Stock-based Comp | $43M | $50M | $48M | $40M | $26M | $11M | $2M | |
| Deferred Tax | $-614.0K | $-253.0K | $0 | $0 | $0 | $0 | · | |
| Amort. of Intangibles | · | · | $587.0K | $513.0K | $0 | · | · | |
| Other Non-cash | $69M | $-26M | $-231M | $-14M | $387.0K | $27M | · | |
| Operating Cash Flow | $14M | $-157M | $-137M | $-120M | $-71M | $17M | $-26M | |
| CapEx | $1M | $7M | $13M | $8M | $7M | $3M | $2M | |
| Investing Cash Flow | $58M | $149M | $193M | $90M | $-17M | $-382M | $-54M | |
| Stock Issued | $0 | $9M | $0 | $0 | · | · | · | |
| Net Stock Activity | $0 | $9M | · | · | · | · | · | |
| Financing Cash Flow | $3M | $10M | $9M | $2M | $8M | $541M | $29M | |
| Net Change in Cash | $75M | $2M | $65M | $-28M | $-80M | $176M | · | |
| Taxes Paid | $-6.0K | $1M | $3M | $787.0K | $448.0K | $381.0K | $139.0K | |
| Free Cash Flow | $12M | $-165M | $-150M | $-128M | $-78M | $14M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 55.7% | 63.6% | 64.9% | 55.8% | 47.6% | 58.7% | · | |
| Operating Margin | -65.2% | -100.8% | -81.9% | -81.1% | -80.8% | -56.4% | · | |
| Net Margin | -40.4% | -90.2% | 18.8% | -82.4% | -72.8% | -22.6% | · | |
| Pretax Margin | -40.0% | -89.5% | 19.8% | -82.4% | -73.1% | -24.3% | · | |
| EBITDA Margin | -62.9% | -97.9% | -79.3% | -78.7% | -78.7% | -53.0% | · | |
| ROA | -13.3% | -23.0% | 5.5% | -20.6% | -13.4% | -5.4% | · | |
| ROE | -29.2% | -43.0% | 8.2% | -29.7% | -17.0% | -9.2% | · | |
| ROIC | -46.3% | -50.0% | -30.7% | -32.8% | -20.1% | -9.9% | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.7 | 3.3 | 4.2 | 4.9 | 6.9 | 9.3 | · | |
| Quick Ratio | 2.5 | 3.1 | 4.0 | 4.7 | 6.7 | 9.2 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | · | |
| Receivables Turnover | 1.6 | 1.4 | 3.6 | 4.1 | 4.4 | 4.3 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 23.3% | -4.2% | 19.7% | 31.2% | 27.6% | · | · | |
| Revenue CAGR 3Y | 12.2% | 14.6% | 26.1% | · | · | · | · | |
| Revenue CAGR 5Y | 18.8% | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $256M | $208M | $217M | $181M | $138M | $108M | $86M | |
| Net Income TTM | $-103M | $-187M | $41M | $-149M | $-100M | $-24M | $-25M | |
| Market Cap | · | · | $2.25B | $1.16B | $2.15B | $4.81B | · | |
| P/E | -12.7 | -7.5 | 66.3 | -8.9 | -24.5 | -193.1 | · | |
| P/S | · | · | 10.4 | 6.4 | 15.6 | 44.5 | · | |
| P/B | · | · | 4.1 | 2.6 | 3.9 | 7.7 | · | |
| P / Tangible Book | · | · | 4.1 | 2.6 | 3.9 | 7.7 | · | |
| P / Cash Flow | · | · | -16.5 | -9.7 | -30.5 | 286.9 | · | |
| P / FCF | · | · | -15.0 | -9.1 | -27.7 | 338.1 | · | |
| Earnings Yield | -7.9% | -13.3% | 1.5% | -11.2% | -4.1% | -0.52% | · |
Income Statement 16
| 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 | $59M | $59M | $87M | $54M | $55M | $60M | $88M | $35M | $47M | $37M | $74M | $43M | $35M | $65M | $57M | $37M | |
| Cost of Revenue | $26M | $29M | $30M | $26M | $29M | $28M | $24M | $18M | $16M | $18M | $17M | $19M | $21M | $19M | $18M | $20M | |
| Gross Profit | $32M | $30M | $57M | $28M | $26M | $31M | $64M | $18M | $31M | $19M | $58M | $24M | $14M | $46M | $39M | $17M | |
| R&D Expense | $41M | $44M | $41M | $43M | $43M | $46M | $49M | $51M | $51M | $51M | $51M | $47M | $43M | $41M | $35M | $33M | |
| SG&A Expense | $23M | $23M | $23M | $22M | $25M | $26M | $26M | $25M | $24M | $26M | $26M | $24M | $23M | $26M | $23M | $23M | |
| Operating Expenses | $74M | $78M | $74M | $74M | $79M | $82M | $85M | $86M | $84M | $86M | $87M | $80M | $75M | $76M | $67M | $63M | |
| Operating Income | $-42M | $-49M | $-17M | $-46M | $-53M | $-51M | $-21M | $-68M | $-53M | $-67M | $-30M | $-56M | $-61M | $-31M | $-29M | $-46M | |
| Other Non-op | $3M | $3M | $3M | $4M | $5M | $4M | $4M | $5M | $5M | $5M | $7M | $6M | $4M | $3M | $3M | $1M | |
| Pretax Income | $7M | $-60M | $33M | $-33M | $-43M | $-60M | $-39M | $-38M | $-54M | $-54M | $-32M | $-65M | $-16M | $155M | $-27M | $-40M | |
| Income Tax | $1M | $408.0K | $462.0K | $162.0K | $287.0K | $28.0K | $963.0K | $-90.0K | $83.0K | $456.0K | $-842.0K | $-3M | $-20M | $26M | $-136.0K | $194.0K | |
| Net Income | $6M | $-60M | $33M | $-33M | $-43M | $-60M | $-40M | $-38M | $-54M | $-55M | $-31M | $-62M | $4M | $129M | $-27M | $-40M | |
| EPS (Basic) | $0.08 | $-0.81 | $0.45 | $-0.45 | $-0.59 | $-0.82 | $-0.55 | $-0.52 | $-0.74 | $-0.76 | $-0.44 | $-0.86 | $0.06 | $1.81 | $-0.39 | $-0.56 | |
| EPS (Diluted) | $0.08 | $-0.81 | $0.45 | $-0.45 | $-0.59 | $-0.82 | $-0.55 | $-0.52 | $-0.74 | $-0.76 | $-0.41 | $-0.86 | $0.06 | $1.75 | $-0.39 | $-0.56 | |
| Shares (Basic) | 74,712,581 | 73,989,137 | -146,655,343 | 73,613,090 | 73,427,635 | 73,057,916 | -145,145,530 | 72,813,006 | 72,711,685 | 72,291,134 | -143,257,969 | 71,924,451 | 71,642,722 | 71,467,097 | -142,246,897 | 71,207,992 | |
| Shares (Diluted) | 75,769,360 | 73,989,137 | -146,655,343 | 73,613,090 | 73,427,635 | 73,057,916 | -145,145,530 | 72,813,006 | 72,711,685 | 72,291,134 | -145,820,569 | 71,924,451 | 75,064,323 | 73,818,611 | -142,246,897 | 71,207,992 | |
| EBITDA | $-42M | $-47M | · | $-46M | $-53M | $-49M | · | $-68M | $-53M | $-66M | · | $-56M | $-61M | $-29M | · | $-46M |
Balance Sheet 20
| 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 | $288M | $260M | $231M | $172M | $220M | $326M | $147M | $160M | $108M | $130M | · | $249M | $286M | $233M | · | $103M | |
| Short-term Investments | $126M | $139M | $165M | $219M | $230M | $174M | $205M | $228M | $269M | $301M | · | $247M | $263M | $294M | · | $371M | |
| Receivables | $21M | $27M | $83M | $29M | $10M | $20M | $236M | $13M | $12M | $20M | · | $20M | $10M | $47M | · | $24M | |
| Prepaid Expense | $11M | $9M | $13M | $13M | $15M | $13M | $12M | $13M | $15M | $12M | · | $13M | $14M | $11M | · | $9M | |
| Current Assets | $470M | $464M | $519M | $472M | $514M | $571M | $635M | $456M | $449M | $494M | · | $548M | $592M | $604M | · | $524M | |
| PP&E (Net) | · | · | · | · | · | · | · | · | · | · | · | $22M | $20M | $16M | · | $14M | |
| Accum. Depreciation | · | · | $25M | · | · | · | $21M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | · | $5M | $5M | $5M | · | $5M | |
| Intangibles | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | · | $720.0K | |
| Other Non-current Assets | $6M | $5M | $6M | $7M | $6M | $5M | $4M | $5M | $4M | $3M | · | $7M | $5M | $6M | · | $3M | |
| Total Assets | $640M | $634M | $726M | $654M | $688M | $743M | $823M | $669M | $688M | $738M | · | $794M | $842M | $839M | · | $662M | |
| Accounts Payable | $10M | $12M | $11M | $9M | $9M | $12M | $11M | $11M | $8M | $10M | · | $10M | $12M | $12M | · | $11M | |
| Current Liabilities | $174M | $170M | $189M | $145M | $156M | $165M | $192M | $111M | $100M | $107M | · | $105M | $107M | $123M | · | $89M | |
| Capital Leases | $92M | $91M | $93M | $95M | $97M | $99M | $101M | $103M | $107M | $109M | · | $113M | $107M | $104M | · | $87M | |
| Other Non-current Liabilities | $939.0K | $1M | $1M | $111.0K | $136.0K | $155.0K | $146.0K | $297.0K | $424.0K | $545.0K | · | $707.0K | $600.0K | $700.0K | · | $900.0K | |
| Total Liabilities | $311M | $321M | $362M | $332M | $345M | $370M | $402M | $220M | $214M | $224M | · | $231M | $230M | $249M | · | $199M | |
| Retained Earnings | $-683M | $-689M | $-629M | $-661M | $-629M | $-585M | $-526M | $-485M | $-447M | $-393M | · | $-308M | $-246M | $-250M | · | $-352M | |
| AOCI | $-54.0K | $-28.0K | $107.0K | $79.0K | $-29.0K | $90.0K | $220.0K | $597.0K | $-180.0K | $-72.0K | · | $-491.0K | $-683.0K | $-899.0K | · | $-4M | |
| Stockholders' Equity | $329M | $314M | $364M | $321M | $343M | $374M | $421M | $449M | $474M | $514M | $549M | $564M | $611M | $590M | $448M | $463M | |
| Liabilities + Equity | $640M | $634M | $726M | $654M | $688M | $743M | $823M | $669M | $688M | $738M | · | $794M | $842M | $839M | · | $662M |
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 | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | $2M | $1M | $1M | |
| Stock-based Comp | $9M | $9M | $10M | $11M | $11M | $12M | $12M | $12M | $13M | $12M | $13M | $13M | $12M | $11M | $10M | $10M | |
| Other Non-cash | · | $35M | · | · | · | $191M | · | · | · | $2M | · | · | · | $-173M | · | · | |
| Operating Cash Flow | $-34M | $-15M | $-16M | $-62M | $-52M | $144M | $-31M | $-33M | $-54M | $-39M | $-37M | $-50M | $-18M | $-31M | $-25M | $-30M | |
| CapEx | $362.0K | $3M | $41.0K | $491.0K | $314.0K | $596.0K | $873.0K | $1M | $1M | $4M | $2M | $5M | $2M | $4M | $1M | $3M | |
| Investing Cash Flow | $59M | $45M | $71M | $11M | $-56M | $31M | $23M | $91M | $30M | $5M | $-60M | $13M | $67M | $172M | $12M | $8M | |
| Stock Issued | · | · | $0 | $0 | $0 | $0 | $177.0K | $0 | $1M | $8M | $0 | $0 | $0 | $0 | · | · | |
| Net Stock Activity | · | · | · | · | · | $0 | · | · | · | $8M | · | · | · | · | · | · | |
| Financing Cash Flow | $650.0K | $569.0K | $197.0K | $307.0K | $2M | $409.0K | $119.0K | $392.0K | $2M | $8M | $2M | $1M | $5M | $867.0K | $482.0K | $324.0K | |
| Taxes Paid | $499.0K | $266.0K | $-656.0K | $285.0K | $226.0K | $139.0K | $233.0K | $408.0K | $259.0K | $180.0K | $634.0K | $1M | $832.0K | $86.0K | $325.0K | $291.0K | |
| Free Cash Flow | · | $-17M | · | · | · | $143M | · | · | · | $-43M | · | · | · | $-35M | · | · |
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 | 55.1% | 50.4% | · | 51.6% | 47.8% | 52.3% | · | 50.2% | 66.2% | 51.6% | · | 55.5% | 39.2% | 70.5% | · | 46.5% | |
| Operating Margin | -70.5% | -83.3% | · | -84.6% | -96.6% | -85.5% | · | -193.9% | -111.4% | -184.2% | · | -132.0% | -173.7% | -47.1% | · | -124.8% | |
| Net Margin | 10.2% | -102.5% | · | -60.4% | -78.8% | -100.4% | · | -108.1% | -114.2% | -149.5% | · | -145.7% | 12.2% | 199.3% | · | -107.8% | |
| Pretax Margin | 12.5% | -101.8% | · | -60.1% | -78.3% | -100.4% | · | -108.3% | -114.0% | -148.3% | · | -152.5% | -45.9% | 240.0% | · | -107.2% | |
| EBITDA Margin | -70.5% | -80.8% | · | -84.6% | -96.6% | -82.8% | · | -193.9% | -111.4% | -180.3% | · | -132.0% | -173.7% | -44.4% | · | -124.8% | |
| ROA | 0.90% | -8.7% | · | -5.0% | -6.3% | -8.1% | · | -5.2% | -7.1% | -6.9% | · | -8.5% | 0.56% | 16.6% | · | -5.6% | |
| ROE | 1.8% | -17.5% | · | -8.5% | -10.6% | -13.5% | · | -7.5% | -10.0% | -9.9% | · | -12.1% | 0.77% | 23.0% | · | -7.6% | |
| ROIC | -10.3% | -15.7% | · | -14.4% | -15.5% | -13.6% | · | -15.2% | -11.1% | -13.2% | · | -9.5% | 2.6% | -4.3% | · | -10.0% |
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 | 2.7 | 2.7 | · | 3.3 | 3.3 | 3.5 | · | 4.1 | 4.5 | 4.6 | · | 5.2 | 5.5 | 4.9 | · | 5.9 | |
| Quick Ratio | 2.5 | 2.5 | · | 2.9 | 3.0 | 3.1 | · | 3.6 | 3.9 | 4.2 | · | 4.9 | 5.2 | 4.7 | · | 5.6 |
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 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.0 | 0.1 | 0.0 | · | 0.1 | 0.0 | 0.1 | · | 0.1 | |
| Receivables Turnover | 3.7 | 2.5 | · | 2.5 | 5.0 | 3.0 | · | 2.1 | 4.4 | 1.1 | · | 2.0 | 2.5 | 1.7 | · | 2.1 |
Valuation (TTM) 4
| 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 | $227M | $227M | · | $204M | $197M | $179M | · | $162M | $162M | $179M | · | $180M | $175M | $189M | · | $154M | |
| Net Income TTM | $-130M | $-196M | · | $-174M | $-195M | $-207M | · | $-209M | $-167M | $17M | · | $32M | $46M | $7M | · | $-157M | |
| P/E | -9.2 | -4.3 | · | -8.4 | -7.5 | -7.0 | · | -6.4 | -8.4 | 142.1 | · | 72.5 | 86.1 | 658.2 | · | -11.4 | |
| Earnings Yield | -10.9% | -23.5% | · | -11.9% | -13.3% | -14.4% | · | -15.5% | -11.9% | 0.70% | · | 1.4% | 1.2% | 0.15% | · | -8.8% |
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 | $256M | $208M | $217M | $181M | $138M |
| Gross Margin % | 55.7% | 63.6% | 64.9% | 55.8% | 47.6% |
| Operating Margin % | -65.2% | -100.8% | -81.9% | -81.1% | -80.8% |
| Net Income | $-103M | $-187M | $41M | $-149M | $-100M |
| Diluted EPS | $-1.41 | $-2.57 | $0.54 | $-2.10 | $-1.42 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 2.7 | 3.3 | 4.2 | 4.9 | 6.9 |
| Quick Ratio | 2.5 | 3.1 | 4.0 | 4.7 | 6.7 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $12M | $-165M | $-150M | $-128M | $-78M |
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Institutional owners (13F) 251 filers · $849.7M 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 |
|---|---|---|---|---|
| 51 (+2 vs prior Q) | 36 (+1 vs prior Q) | 80 (+4 vs prior Q) | 61 (-3 vs prior Q) | +7.4M |
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 |
|---|---|---|---|---|
| GATES FOUNDATION TRUST | $113,452,040 | 6,981,664 | 13.35% | Shares |
| VANGUARD GROUP INC | $107,084,536 | 5,989,068 | 12.60% | Shares |
| Rubric Capital Management LP | $104,000,000 | 6,400,000 | 12.24% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $61,545,104 | 3,787,391 | 7.24% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $43,974,824 | 2,706,143 | 5.18% | Shares |
| Amova Asset Management Americas, Inc. | $43,947,762 | 2,706,143 | 5.17% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $43,731,171 | 2,691,149 | 5.15% | Shares |
| STATE STREET CORP | $37,347,993 | 2,298,338 | 4.40% | Shares |
| ARK Investment Management LLC | $35,002,797 | 2,154,018 | 4.12% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $20,486,665 | 1,260,426 | 2.41% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $14,087,808 | 866,942 | 1.66% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $9,534,948 | 586,766 | 1.12% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $9,507,371 | 585,069 | 1.12% | Shares |
| GOLDMAN SACHS GROUP INC | $9,332,233 | 574,291 | 1.10% | Shares |
| TWO SIGMA ADVISERS, LP | $9,058,008 | 506,600 | 1.07% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $8,509,719 | 523,675 | 1.00% | Shares |
| Capricorn Fund Managers Ltd | $7,057,716 | 434,321 | 0.83% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $6,698,201 | 412,197 | 0.79% | Shares |
| TUDOR INVESTMENT CORP ET AL | $6,647,648 | 409,086 | 0.78% | Shares |
| ALGERT GLOBAL LLC | $5,336,663 | 328,410 | 0.63% | Shares |
| BlackRock, Inc. | $5,316,610 | 327,176 | 0.63% | Shares |
| Jump Financial, LLC | $5,305,625 | 326,500 | 0.62% | Shares |
| OP Asset Management Ltd | $5,288,660 | 325,456 | 0.62% | Shares |
| CITADEL ADVISORS LLC | $4,909,954 | 302,151 | 0.58% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,888,000 | 300,800 | 0.58% | Call option |
| ExodusPoint Capital Management, LP | $4,818,401 | 296,517 | 0.57% | Shares |
| Tejara Capital Ltd | $4,553,283 | 280,202 | 0.54% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $4,459,699 | 274,443 | 0.52% | Shares |
| PEAK6 LLC | $3,774,875 | 232,300 | 0.44% | Put option |
| LAZARD ASSET MANAGEMENT LLC | $3,752,986 | 230,953 | 0.44% | Shares |
| Susquehanna Portfolio Strategies, LLC | $3,483,870 | 214,392 | 0.41% | Shares |
| Squarepoint Ops LLC | $3,398,249 | 209,123 | 0.40% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $3,389,816 | 208,604 | 0.40% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $3,287,147 | 202,286 | 0.39% | Shares |
| Public Sector Pension Investment Board | $3,183,602 | 195,914 | 0.37% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $3,180,873 | 195,746 | 0.37% | Shares |
| Kodai Capital Management LP | $3,026,399 | 153,313 | 0.36% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $2,981,631 | 183,485 | 0.35% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,345,996 | 144,369 | 0.28% | Shares |
| Bank of New York Mellon Corp | $2,345,379 | 144,331 | 0.28% | Shares |
| Schonfeld Strategic Advisors LLC | $2,232,992 | 137,415 | 0.26% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,221,375 | 136,700 | 0.26% | Put option |
| RHUMBLINE ADVISERS | $2,216,413 | 136,396 | 0.26% | Shares |
| Quantinno Capital Management LP | $2,193,669 | 134,995 | 0.26% | Shares |
| PEAK6 LLC | $2,192,125 | 134,900 | 0.26% | Call option |
| Trexquant Investment LP | $2,180,848 | 134,206 | 0.26% | Shares |
| Swiss National Bank | $2,067,000 | 127,200 | 0.24% | Shares |
| Mariner, LLC | $1,916,187 | 117,876 | 0.23% | Shares |
| JANE STREET GROUP, LLC | $1,845,188 | 113,550 | 0.22% | Shares |
| AMERIPRISE FINANCIAL INC | $1,711,646 | 105,332 | 0.20% | Shares |
| Legal & General Group Plc | $1,414,501 | 87,073 | 0.17% | Shares |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd | $1,413,214 | 86,967 | 0.17% | Shares |
| XTX Topco Ltd | $1,408,566 | 86,681 | 0.17% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,362,205 | 83,828 | 0.16% | Shares |
| WESBANCO BANK INC | $1,322,750 | 81,400 | 0.16% | Shares |
| SummitTX Capital, L.P. | $1,228,598 | 75,606 | 0.14% | Shares |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P | $1,218,750 | 75,000 | 0.14% | Shares |
| TrueMark Investments, LLC | $1,190,101 | 73,237 | 0.14% | Shares |
| Quadrature Capital Ltd | $1,180,091 | 72,621 | 0.14% | Shares |
| IEQ CAPITAL, LLC | $1,160,201 | 71,397 | 0.14% | Shares |
| WOLVERINE TRADING, LLC | $1,150,296 | 57,400 | 0.14% | Call option |
| BNP PARIBAS FINANCIAL MARKETS | $1,114,652 | 68,594 | 0.13% | Shares |
| LPL Financial LLC | $1,094,683 | 67,365 | 0.13% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $1,061,418 | 65,318 | 0.12% | Shares |
| PRUDENTIAL FINANCIAL INC | $954,850 | 58,760 | 0.11% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $897,122 | 54,404 | 0.11% | Shares |
| WELLS FARGO & COMPANY/MN | $891,589 | 54,867 | 0.10% | Shares |
| D. E. Shaw & Co., Inc. | $862,875 | 53,100 | 0.10% | Put option |
| ANTIPODES PARTNERS Ltd | $860,763 | 52,970 | 0.10% | Shares |
| Kestra Advisory Services, LLC | $824,298 | 50,726 | 0.10% | Shares |
| MYDA Advisors LLC | $812,500 | 50,000 | 0.10% | Shares |
| Engineers Gate Manager LP | $782,438 | 48,150 | 0.09% | Shares |
| CITADEL ADVISORS LLC | $778,375 | 47,900 | 0.09% | Call option |
| ALLIANCEBERNSTEIN L.P. | $776,956 | 68,394 | 0.09% | Shares |
| BARCLAYS PLC | $747,030 | 45,971 | 0.09% | Shares |
| PEAK6 LLC | $722,426 | 44,457 | 0.09% | Shares |
| EntryPoint Capital, LLC | $714,935 | 43,996 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $699,124 | 43,023 | 0.08% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $695,016 | 61,181 | 0.08% | Shares |
| J. Safra Sarasin Holding AG | $687,042 | 42,267 | 0.08% | Shares |
| Atom Investors LP | $677,430 | 41,688 | 0.08% | Shares |
| Nuveen, LLC | $675,740 | 41,584 | 0.08% | Shares |
| CITADEL ADVISORS LLC | $667,875 | 41,100 | 0.08% | Put option |
| Palumbo Wealth Management LLC | $662,399 | 40,763 | 0.08% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $661,180 | 40,688 | 0.08% | Shares |
| AlphaQuest LLC | $589,682 | 32,980 | 0.07% | Shares |
| Beacon Pointe Advisors, LLC | $586,256 | 51,607 | 0.07% | Shares |
| MetLife Investment Management, LLC | $551,558 | 33,942 | 0.06% | Shares |
| Eurizon Capital SGR S.p.A. | $551,070 | 33,912 | 0.06% | Shares |
| Focus Partners Wealth | $529,589 | 32,589 | 0.06% | Shares |
| PIER 88 INVESTMENT PARTNERS LLC | $510,250 | 31,400 | 0.06% | Shares |
| Walleye Capital LLC | $505,375 | 31,100 | 0.06% | Call option |
| TOCQUEVILLE ASSET MANAGEMENT L.P. | $502,125 | 30,900 | 0.06% | Shares |
| ROYCE & ASSOCIATES LP | $471,396 | 29,009 | 0.06% | Shares |
| BRANDYWINE MANAGERS, LLC | $462,410 | 28,456 | 0.05% | Shares |
| IMC-Chicago, LLC | $442,699 | 27,243 | 0.05% | Shares |
| Louisiana State Employees Retirement System | $406,250 | 25,000 | 0.05% | Shares |
| Balyasny Asset Management L.P. | $391,950 | 24,120 | 0.05% | Shares |
| JANE STREET GROUP, LLC | $388,375 | 23,900 | 0.05% | Call option |
| CAPTRUST FINANCIAL ADVISORS | $385,298 | 23,711 | 0.05% | Shares |
Company insiders 26 insiders · 12 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Ramy Farid | President & CEO | Feb. 9, 2022 A | 184,432 | 0 | 0 | $0 |
| Rachit Jain | EVP & CFO | July 16, 2026 S | 50,877 | 0 | 1 | $-13,650 |
| Geoffrey Craig Porges | EVP & CFO | Aug. 18, 2022 A | — | 0 | 0 | $0 |
| Joel Lebowitz | EVP & CFO | Sept. 2, 2021 M | 0 | 0 | 0 | $0 |
| Robert Lorne Abel | EVP, Chief Computational Scientist, Head of Modeling R&D | Feb. 9, 2022 A | 0 | 0 | 0 | $0 |
| Jenny Herman | SVP & Controller | Feb. 9, 2022 A | 3 | 0 | 0 | $0 |
| Yvonne Tran | EVP & Chief Legal Officer | Feb. 9, 2022 A | 5,131 | 0 | 0 | $0 |
| Kenneth Patrick Lorton | EVP & Chief Technology Officer | Feb. 9, 2022 A | 49,218 | 0 | 0 | $0 |
| Karen Akinsanya | EVP, Chief Biomedical Scientist, Head of Discovery R&D | Feb. 9, 2022 A | 0 | 0 | 0 | $0 |
| Jorg Weiser | EVP & Managing Director | April 1, 2021 M | 117,052 | 0 | 0 | $0 |
| Cony D'Cruz | EVP & Chief Business Officer | March 23, 2021 M | 147,082 | 0 | 0 | $0 |
| Shane Brauner | EVP & CIO | Feb. 27, 2021 A | 24,867 | 0 | 0 | $0 |
| Richard Friesner | Director | June 26, 2026 G | 679,373 | 0 | 0 | $0 |
| Rosana Kapeller-Libermann | Director | June 22, 2026 A | 25,388 | 0 | 0 | $0 |
| Nancy Thornberry | Director | June 22, 2026 A | 25,388 | 0 | 0 | $0 |
| Gary Sender | Director | June 22, 2026 A | 25,388 | 0 | 0 | $0 |
| Jeffrey Chodakewitz | Director | June 22, 2026 A | 25,388 | 0 | 0 | $0 |
| Michael Lynton | Director | June 22, 2026 A | 25,388 | 0 | 0 | $0 |
| Bridget A Van Kralingen | Director | June 22, 2026 A | 19,640 | 0 | 0 | $0 |
| Arun Oberoi | Director | June 22, 2026 A | 25,388 | 0 | 0 | $0 |
| Gary L Ginsberg | Director | June 22, 2026 A | 25,388 | 0 | 0 | $0 |
| Timothy Michael Wright | Director | Feb. 10, 2020 A | — | 0 | 0 | $0 |
| BILL & MELINDA GATES FOUNDATION TRUST | 10% owner | Nov. 24, 2020 C | 6,981,664 | 0 | 0 | $0 |
| Charles Ardai | 10% owner | Nov. 12, 2020 S | 0 | 0 | 0 | $0 |
| David E. Shaw | 10% owner | Sept. 30, 2020 S | 85,039 | 0 | 0 | $0 |
| Jennifer Daniel | — | April 1, 2021 M | 6,688 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 48 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 |
|---|---|---|---|---|
| ARKG · ARK ETF Trust | 2.03% | 2,093,199 NS | April 30, 2026 | N-PORT |
| HEAL · Global X Funds | 0.90% | 14,819 NS | May 31, 2026 | N-PORT |
| PSCH · Invesco Exchange-Traded Fund Trust … | 0.52% | 49,502 SH | Aug. 8, 2026 | Daily |
| IHF · iShares Trust | 0.15% | 105,153 SH | Aug. 8, 2026 | Daily |
| HAPS · Harbor ETF Trust | 0.12% | 15,715 NS | April 30, 2026 | N-PORT |
| IJT · iShares Trust | 0.11% | 531,212 SH | Aug. 8, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.10% | 67,888 SH | Aug. 8, 2026 | Daily |
| ESSC · Strategy Shares | 0.10% | 2,047 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.07% | 112,212 SH | Aug. 8, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.07% | 9,622 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.07% | 103,689 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.06% | 530,549 SH | Aug. 8, 2026 | Daily |
| XJR · iShares Trust | 0.06% | 6,795 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.06% | 9,708 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.06% | 62,154 SH | Aug. 8, 2026 | Daily |
| IJR · iShares Trust | 0.06% | 3,480,184 SH | Aug. 8, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.05% | 199,900 SH | Aug. 8, 2026 | Daily |
| SAA · ProShares Trust | 0.04% | 671 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.04% | 21,453 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.03% | 1,456,036 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.03% | 20,087 NS | May 31, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.03% | 834,782 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 332,865 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.02% | 2,650 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.02% | 24,370 NS | April 30, 2026 | N-PORT |
| VHT · VANGUARD WORLD FUND | 0.02% | 190,616 SH | Aug. 8, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.02% | 22,965 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.02% | 7,078 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.02% | 210,544 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 267,681 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.02% | 2,535 SH | Aug. 8, 2026 | Daily |
| ISCG · iShares Trust | 0.01% | 7,511 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 2,072 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.01% | 29,701 NS | April 30, 2026 | N-PORT |
| WSML · iShares Trust | 0.01% | 3,938 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 661,846 SH | Aug. 8, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | 0.01% | 1,432,898 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 2,096 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,241 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.00% | 6,905 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 53 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 4,004 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 15,928 SH | Aug. 8, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 70,818 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 33,231 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 18,934 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,965,067 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,843 SH | Aug. 8, 2026 | Daily |