SFIX Stitch Fix, Inc. - Class A Common Stock
About Stitch Fix, Inc. - Class A Common Stock Company overview from Wikipedia
Stitch Fix, Inc. is an online personal styling service in the United States. The company combines human stylists with AI tools and data science to recommend clothing items and accessories based on fit, budget and style preferences. The company was founded in 2011 and had an initial public offering in 2017 with a valuation of $1.6 billion. For fiscal year 2025, Stitch Fix reported net revenue of $1.27 billion. As of November 2025, it had approximately 2.31 million active clients and employed about 4,165 people worldwide. It is headquartered in San Francisco, California.
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Stitch Fix, Inc. is an online personal styling service in the United States. The company combines human stylists with AI tools and data science to recommend clothing items and accessories based on fit, budget and style preferences. The company was founded in 2011 and had an initial public offering in 2017 with a valuation of $1.6 billion. For fiscal year 2025, Stitch Fix reported net revenue of $1.27 billion. As of November 2025, it had approximately 2.31 million active clients and employed about 4,165 people worldwide. It is headquartered in San Francisco, California.
History
Founding and growth: 2011–2019
Stitch Fix was founded in 2011 by Katrina Lake and former J.Crew buyer Erin Morrison Flynn. The business was originally called Rack Habit, and was initially run out of Lake's apartment in Cambridge, Massachusetts. The company began by catering only to women, but it has subsequently expanded to men's clothing, plus sizes, maternity wear, and kids.
In 2014, Stitch Fix started to be profitable. In July 2016, the company ended its fiscal year with recorded sales of $730 million, and in May 2017, the company had raised $42 million from outside investors.
In November 2017, the company went public on Nasdaq. It was the first female-led company to launch an IPO in over a year.
Leadership changes and restructuring: 2020–2023
In August 2021, Elizabeth Spaulding replaced founder Katrina Lake as CEO. In January 2023, Spaulding stepped down as CEO, and Lake returned as interim CEO. Former Macy's executive Matt Baer was named CEO in June 2023.
In June 2022, Stitch Fix laid off approximately 15% of its salaried staff, which equated to around 330 employees, citing slowing growth in the e-commerce retail industry as the reason for the cuts.
In January 2023, Stitch Fix announced it would reduce its salaried workforce by about 20% and CEO Elizabeth Spaulding would step down. Founder Katrina Lake returned as interim CEO. The changes were part of a broader restructuring after a time of sliding sales.
In June 2023, Matt Baer was named Stitch Fix's new CEO. Katrina Lake continued in her role as executive chairperson of the board.
Recent developments: 2024–2026
In the first quarter of fiscal year 2024, Stitch Fix ceased operations of its business in the United Kingdom. The company said it would focus solely on its core U.S. market.
In 2024, Stitch Fix outlined a multi-year transformation strategy structured around three phases: rationalize, build, and grow. The strategy was introduced as part of the company's efforts to stabilize the business, simplify operations, and return to sustainable growth. By fiscal year 2025, the company stated that it had entered the "grow" phase of this transition.
In August 2024, as part of its transformation, Stitch Fix began rolling out updates to its client experience. The changes focused on creating more ways for clients to engage, adding flexibility to how they shop, making Stylists more visible, and improving the overall assortment. As part of a broader rebrand, the company introduced Retail Therapy, a brand platform built around real shopping frustrations and therapy-inspired storytelling, across social media, television, over-the-top video, and YouTube.
As part of these changes, Stitch Fix introduced an AI tool called StyleFile, a personalized resource assigned to each Stitch Fix customer based on their preferences and shopping behavior, that defines their style, resulting in multi-faceted profiles that can include styles like "edgy" or "boho". Stitch Fix also introduced Stylist Profiles, which provides a profile for each stylist that features their "unique expertise and work portfolio, as well as related interests".
In August 2025, Stitch Fix announced its latest set of changes to its client experience, including several that leverage GenAI. These included Stylist connect, a feature that allows clients to communicate with a stylist outside of their scheduled Fix, AI Style Assistant, which was designed to help clients articulate their style preferences, and the launch of Stitch Fix Vision, a generative-AI style visualization tool.
On October 6, 2025, Stitch Fix launched Stitch Fix Vision. Clients who use Vision upload a selfie or full-length photo and receive AI-generated images of themselves wearing recommended outfits based on individual style profiles.
In December 2025, Stitch Fix reported net revenue of $342.1 million, a 7.3% year-over-year increase. It had around 2.31 million active clients, down 5.2% year-over-year, but net revenue per client rose 5.3% to $559. Gross profit was $149.3 million. In June 2025, Stitch Fix announced its return to YoY revenue growth and in December, the company began 2026 with no debt. It announced it expected to be free cash flow positive throughout 2026.
Business model
Stitch Fix is a personal styling service that sends client individually picked clothing and accessories. Customer can order a "Fix" of up to 8 items per box, either as needed or on a recurring basis, with no monthly fee or required subscription, and a $20 styling fee in addition to the cost of any kept items. Any unwanted items could be returned. The company combines the knowledge of human stylists with AI to personalize clothing selections.
Customers fill out a survey online about their style, fit, and budget preferences. Stylists pick items based on a customer's survey answers and ongoing feedback the client shares with them. A stylist at the company then picks up to eight items to send to the customer. The customer schedules a date to receive their items, which is referred to as a "Fix". Once the shipment is received, the customer has three days to choose to keep the items or return some or all of them. If the customer keeps at least one item, the initial styling fee is credited towards the cost of the item. In addition to the styling fee being credited, if the customer decides to keep five or more items, the customer receives 20% off the total cost of the items. Customers choose the shipping frequency, such as every two weeks, once a month, or every two months. The company also supports integration with Pinterest boards, allowing customers to add photos of fashion looks that they like. These boards may be viewed by a Stitch Fix stylist.
The company uses data science and has combined personal stylists and machine learning (AI) for personalized recommendation.
Media
Stitch Fix has been covered in technology and business publications, including Wired, Fast Company, and The Wall Street Journal. Media excerpts include Wired highlighting Stitch Fix's "Shop Your Looks" feature, Fast Company discussing its "data prowess across every aspect of its business to reinvent the $334 billion U.S. apparel industry", and CNBC and Wall Street Journal highlighting the company's growth plan.
Stitch Fix was recognized as one of the "50 Most Innovative Companies" in 2019. The company hosted a Golden Globes–like red carpet event in the 59th Street–Columbus Circle station in New York City and had a 60-second spot before the 2019 Academy Awards.
Controversy
In October 2018, several class action lawsuits were brought against Stitch Fix alleging that the company had violated federal securities laws by making misleading statements about its growth prospects.
On June 2, 2020, the company announced layoffs for 1,400 employees, which was 18% of its total workforce, all of whom were remote workers in California. The affected employees were given the option of remaining with the company if they relocated. The online retailer also announced it would hire roughly 2,000 stylists in cities that have a lower cost of living than those in California, such as Austin, Cleveland, Dallas, Minneapolis, and Pittsburgh.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
SFIX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
SFIX Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
SFIX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 3 25.0%
- Buy 4 33.3%
- Hold 4 33.3%
- Sell 1 8.3%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-15Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| Sept. 30, 2026 | $-0.01 | $-0.06 | — |
| June 30, 2026 | $-0.01 | $-0.06 | 0.05% |
| March 31, 2026 | $-0.02 | $-0.05 | 0.03% |
| Dec. 31, 2025 | $-0.05 | $-0.05 | -0.00% |
| Sept. 30, 2025 | $-0.07 | $-0.10 | 0.03% |
| June 30, 2025 | $-0.06 | $-0.11 | 0.05% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SFIX | — | -20.4 | -5.3% | -2.3% | -14.3% | 44.4% |
| BKE | $2.42B | 11.4 | 6.6% | 16.2% | 46.6% | 49.0% |
| RVLV | $2.15B | 35.1 | 8.5% | 5.0% | 12.6% | 53.5% |
| REAL | $1.87B | -22.5 | 15.4% | -6.0% | 11.1% | 74.6% |
| CTRN | $358M | 68.0 | 8.9% | 0.64% | 4.5% | — |
| CAL | $414M | -58.2 | 1.3% | -0.24% | -1.1% | 43.0% |
| GCO | — | 23.1 | 4.8% | — | — | — |
| LE | $533M | 96.8 | 0.72% | 0.47% | 2.4% | 55.9% |
| TDUP | $812M | -37.6 | 19.5% | -6.5% | -33.9% | 79.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.27B | $1.34B | $1.59B | $2.02B | $2.10B | $1.71B | $1.58B | $1.23B | $977M | |
| Cost of Revenue | $704M | $745M | $917M | $1.13B | $1.15B | $958M | $874M | $690M | $543M | |
| Gross Profit | $563M | $592M | $676M | $887M | $948M | $754M | $703M | $536M | $434M | |
| SG&A Expense | $602M | $725M | $831M | $1.07B | $1.01B | $806M | $680M | $493M | $403M | |
| Operating Income | $-39M | $-133M | $-155M | $-184M | $-63M | $-52M | $23M | $43M | $32M | |
| Other Non-op | $173.0K | $2M | $-25.0K | $-394.0K | $-366.0K | $-2M | $2M | $100.0K | $0 | |
| Pretax Income | $-28M | $-121M | $-149M | $-184M | $-61M | $-48M | $31M | $55M | $13M | |
| Income Tax | $821.0K | $-2M | $871.0K | $-2M | $-52M | $19M | $-6M | $10M | $13M | |
| Net Income | $-29M | $-129M | $-172M | $-207M | $-9M | $-67M | $37M | $45M | $-594.0K | |
| EPS (Basic) | $-0.22 | $-1.07 | $-1.50 | $-1.90 | $-0.08 | $-0.66 | $0.37 | $0.47 | $-0.02 | |
| EPS (Diluted) | $-0.22 | $-1.07 | $-1.50 | $-1.90 | $-0.08 | $-0.66 | $0.36 | $0.34 | $-0.02 | |
| Shares (Basic) | 128,784,547 | 120,214,198 | 114,684,980 | 108,762,589 | 105,975,403 | 102,383,282 | 100,013,462 | 75,947,759 | 24,973,931 | |
| Shares (Diluted) | 128,784,547 | 120,214,198 | 114,684,980 | 108,762,589 | 105,975,403 | 102,383,282 | 103,653,626 | 81,288,418 | 24,973,931 | |
| EBITDA | $-13M | $-89M | $-135M | $-173M | $-36M | $-29M | $40M | $54M | · |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $114M | $163M | $239M | $131M | $130M | $143M | $171M | $298M | $111M | |
| Short-term Investments | $121M | $84M | $18M | $82M | · | · | · | · | · | |
| Inventory | $118M | $98M | $131M | $197M | $212M | $125M | $118M | $85M | $68M | |
| Prepaid Expense | $21M | $22M | $28M | $39M | $51M | $33M | $50M | $34M | $19M | |
| Current Assets | $374M | $367M | $425M | $477M | $522M | $466M | $482M | $417M | $198M | |
| PP&E (Net) | $43M | $52M | $80M | $103M | $87M | $70M | $55M | $34M | $27M | |
| PP&E (Gross) | $223M | $207M | $217M | $205M | $166M | $124M | $86M | $55M | $37M | |
| Accum. Depreciation | $180M | $156M | $137M | $102M | $79M | $53M | $31M | $20M | $11M | |
| Other Non-current Assets | $4M | $5M | $3M | $8M | $6M | $4M | $3M | $4M | $4M | |
| Total Assets | $481M | $487M | $614M | $765M | $819M | $769M | $616M | $482M | $257M | |
| Accounts Payable | $89M | $87M | $97M | $144M | $73M | $85M | $91M | $80M | $44M | |
| Accrued Liabilities | $76M | $73M | $70M | $94M | $99M | $78M | $70M | $43M | $46M | |
| Current Liabilities | $206M | $204M | $238M | $296M | $228M | $212M | $183M | $142M | $134M | |
| Capital Leases | $71M | $96M | $125M | $141M | $122M | $140M | $0 | · | · | |
| Other Non-current Liabilities | $658.0K | $606.0K | $4M | $5M | $8M | $16M | $13M | $9M | $7M | |
| Total Liabilities | $278M | $300M | $367M | $442M | $358M | $368M | $220M | $167M | $153M | |
| Common Stock | · | · | · | · | · | · | · | · | $1.0K | |
| Paid-in Capital | $729M | $685M | $615M | $523M | $417M | $349M | $280M | $235M | $27M | |
| Retained Earnings | $-496M | $-467M | $-338M | $-166M | $41M | $50M | $117M | $80M | $35M | |
| Treasury Stock | $30M | $30M | $30M | $30M | $0 | · | · | · | · | |
| AOCI | $-434.0K | $-335.0K | $527.0K | $-4M | $3M | $3M | $-187.0K | $0 | · | |
| Stockholders' Equity | $203M | $187M | $247M | $323M | $461M | $401M | $396M | $315M | $62M | |
| Liabilities + Equity | $481M | $487M | $614M | $765M | $819M | $769M | $616M | $482M | $257M | |
| Shares Outstanding | · | · | · | · | · | · | · | 98,799,861 | 26,834,535 |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $26M | $44M | $42M | $34M | $28M | $23M | $16M | $10M | $8M | |
| Stock-based Comp | $57M | $77M | $102M | $126M | $101M | $68M | $35M | $15M | $4M | |
| Deferred Tax | $0 | $0 | $0 | · | · | $-20M | $-8M | $7M | $-7M | |
| Restructuring | · | $15M | $19M | $10M | · | $5M | · | · | · | |
| Other Non-cash | $-29M | $35M | $83M | $99M | $-135M | $40M | $-1M | $-5M | · | |
| Operating Cash Flow | $26M | $28M | $73M | $75M | $-16M | $43M | $79M | $72M | $39M | |
| CapEx | $16M | $14M | $19M | $45M | $35M | $30M | $31M | $17M | $17M | |
| Investing Cash Flow | · | $-79M | $64M | $12M | $39M | $-70M | $-225M | $-17M | $-17M | |
| Stock Repurchased | · | $0 | $0 | $30M | $0 | $0 | $0 | $39.0K | $4M | |
| Net Stock Activity | · | $0 | $0 | $-30M | · | $0 | $0 | $-39.0K | · | |
| Financing Cash Flow | · | $-15M | $-15M | $-60M | $-39M | $-1M | $7M | $135M | $-3M | |
| Net Change in Cash | $-49M | $-77M | $109M | $1M | $-14M | · | $-140M | $190M | $18M | |
| Taxes Paid | $814.0K | $1M | $1M | $868.0K | $461.0K | $365.0K | $966.0K | $10M | $28M | |
| Free Cash Flow | $9M | $14M | $39M | $9M | $-51M | $13M | $48M | $56M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.4% | 44.3% | 42.2% | 43.8% | 45.1% | 44.1% | 44.6% | 43.7% | · | |
| Operating Margin | -3.1% | -10.0% | -10.8% | -10.0% | -3.0% | -3.0% | 1.5% | 3.5% | · | |
| Net Margin | -2.3% | -9.6% | -10.5% | -10.0% | -0.42% | -3.9% | 2.3% | 3.7% | · | |
| Pretax Margin | -2.2% | -9.0% | -10.4% | -10.1% | -2.9% | -2.8% | 1.9% | 4.5% | · | |
| EBITDA Margin | -1.0% | -6.6% | -8.3% | -8.3% | -1.7% | -1.7% | 2.5% | 4.4% | · | |
| ROA | -5.9% | -23.4% | -24.9% | -26.2% | -1.1% | -9.7% | 6.7% | 12.2% | · | |
| ROE | -14.3% | -65.1% | -68.6% | -58.2% | -2.0% | -16.3% | 9.6% | 14.9% | · | |
| ROIC | -19.7% | -70.4% | -72.5% | -63.8% | -2.0% | -18.1% | 7.1% | 11.2% | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.8 | 1.8 | 1.6 | 2.3 | 2.2 | 2.6 | 2.9 | · | |
| Quick Ratio | 1.1 | 1.2 | 1.1 | 0.4 | 0.6 | 0.7 | 0.9 | 2.1 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 2.6 | 2.4 | 2.4 | 2.6 | 2.6 | 2.5 | 2.9 | 3.3 | · | |
| Inventory Turnover | 6.5 | 6.5 | 5.7 | 5.7 | 6.8 | 7.9 | 8.6 | 9.0 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -5.3% | -16.0% | -21.1% | -4.0% | 22.8% | · | · | · | · | |
| Revenue CAGR 3Y | -14.4% | -14.0% | -2.4% | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -5.8% | · | · | · | · | · | · | · | · |
Valuation (TTM) 9
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.27B | $1.34B | $1.59B | $2.02B | $2.10B | $1.71B | $1.58B | $1.23B | · | |
| Net Income TTM | $-29M | $-129M | $-172M | $-207M | $-9M | $-67M | $37M | $45M | · | |
| Market Cap | · | · | · | · | · | · | · | $2.92B | · | |
| P/E | -20.4 | -3.8 | -3.3 | -3.1 | -674.0 | -33.6 | 69.0 | 86.8 | · | |
| P/S | · | · | · | · | · | · | · | 2.4 | · | |
| P/B | · | · | · | · | · | · | · | 9.3 | · | |
| P / Cash Flow | · | · | · | · | · | · | · | 40.4 | · | |
| P / FCF | · | · | · | · | · | · | · | 52.4 | · | |
| Earnings Yield | -4.9% | -26.2% | -30.6% | -31.8% | -0.15% | -3.0% | 1.5% | 1.1% | · |
Income Statement 14
| Metric | Trend | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $340M | $341M | $342M | $311M | $325M | $312M | $319M | $320M | $323M | $330M | $365M | $365M | $383M | $401M | $444M | $427M | |
| Cost of Revenue | $191M | $192M | $193M | $176M | $181M | $173M | $174M | $177M | $176M | $187M | $206M | $204M | $220M | $237M | $256M | $256M | |
| Gross Profit | $149M | $149M | $149M | $136M | $144M | $139M | $145M | $142M | $147M | $143M | $159M | $161M | $164M | $164M | $187M | $171M | |
| SG&A Expense | $153M | $154M | $158M | $147M | $153M | $148M | $154M | $184M | $172M | $182M | $188M | $184M | $184M | $227M | $236M | $246M | |
| Operating Income | $-4M | $-5M | $-9M | $-11M | $-10M | $-9M | $-9M | $-42M | $-25M | $-38M | $-29M | $-23M | $-21M | $-63M | $-49M | $-75M | |
| Other Non-op | $438.0K | $-30.0K | $-85.0K | $383.0K | $-59.0K | $-79.0K | $-72.0K | $651.0K | $-9.0K | $578.0K | $411.0K | $1M | $-203.0K | $-663.0K | $-177.0K | $702.0K | |
| Pretax Income | $-1M | $-3M | $-6M | $-8M | $-7M | $-6M | $-6M | $-38M | $-22M | $-35M | $-26M | $-20M | $-18M | $-63M | $-48M | $-74M | |
| Income Tax | $70.0K | $66.0K | $58.0K | $241.0K | $241.0K | $182.0K | $157.0K | $-2M | $170.0K | $169.0K | $169.0K | $421.0K | $132.0K | $131.0K | $187.0K | $-3M | |
| Net Income | $-2M | $-3M | $-6M | $-9M | $-7M | $-7M | $-6M | $-36M | $-21M | $-36M | $-35M | $-29M | $-22M | $-66M | $-56M | $-96M | |
| EPS (Basic) | $-0.01 | $-0.02 | $-0.05 | $-0.06 | $-0.06 | $-0.05 | $-0.05 | $-0.29 | $-0.18 | $-0.30 | $-0.30 | $-0.23 | $-0.19 | $-0.58 | $-0.50 | $-0.88 | |
| EPS (Diluted) | $-0.01 | $-0.02 | $-0.05 | $-0.06 | $-0.06 | $-0.05 | $-0.05 | $-0.29 | $-0.18 | $-0.30 | $-0.30 | $-0.23 | $-0.19 | $-0.58 | $-0.50 | $-0.88 | |
| Shares (Basic) | 135,334,302 | 135,354,835 | 133,345,590 | -254,965,384 | 129,792,798 | 127,984,475 | 125,972,658 | -236,744,035 | 121,268,047 | 119,045,026 | 116,645,160 | -227,048,287 | 115,445,285 | 113,928,081 | 112,359,901 | -217,550,610 | |
| Shares (Diluted) | 135,334,302 | 135,354,835 | 133,345,590 | -254,965,384 | 129,792,798 | 127,984,475 | 125,972,658 | -236,744,035 | 121,268,047 | 119,045,026 | 116,645,160 | -227,048,287 | 115,445,285 | 113,928,081 | 112,359,901 | -217,550,610 | |
| EBITDA | $-4M | $-5M | $-3M | · | $-10M | $-9M | $-2M | · | $-25M | $-38M | $-15M | · | $-25M | $-67M | $-45M | · |
Balance Sheet 22
| Metric | Trend | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $87M | $119M | $114M | $114M | $109M | $113M | $137M | $163M | $197M | $228M | $257M | · | $194M | $139M | $113M | · | |
| Short-term Investments | $99M | $109M | $130M | $121M | $125M | $106M | $116M | $84M | $48M | $2M | $5M | · | $50M | $83M | $90M | · | |
| Inventory | $132M | $122M | $142M | $118M | $114M | $110M | $119M | $98M | $114M | $126M | $161M | · | $152M | $159M | $220M | · | |
| Prepaid Expense | $57M | $54M | $50M | $21M | $25M | $24M | $20M | $22M | $25M | $21M | $25M | · | $33M | $33M | $42M | · | |
| Current Assets | $376M | $404M | $435M | $374M | $373M | $353M | $393M | $367M | $385M | $378M | $450M | · | $456M | $414M | $467M | · | |
| PP&E (Net) | $41M | $41M | $43M | $43M | $45M | $47M | $49M | $52M | $58M | $64M | $71M | · | $87M | $92M | $100M | · | |
| PP&E (Gross) | · | · | · | $223M | · | · | · | $207M | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | · | $180M | · | · | · | $156M | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $4M | $4M | $4M | $4M | $5M | $5M | $5M | $5M | $5M | $3M | $3M | · | $4M | $6M | $7M | · | |
| Total Assets | $506M | $508M | $531M | $481M | $485M | $473M | $507M | $487M | $537M | $538M | $624M | · | $660M | $661M | $745M | · | |
| Accounts Payable | $107M | $92M | $120M | $89M | $89M | $72M | $114M | $87M | $99M | $74M | $131M | · | $125M | $105M | $142M | · | |
| Accrued Liabilities | $105M | $107M | $101M | $76M | $75M | $74M | $69M | $73M | $65M | $76M | $75M | · | $81M | $92M | $98M | · | |
| Current Liabilities | $251M | $239M | $262M | $206M | $207M | $191M | $227M | $204M | $220M | $209M | $271M | · | $270M | $261M | $297M | · | |
| Capital Leases | $53M | $59M | $64M | $71M | $77M | $83M | $89M | $96M | $105M | $112M | $119M | · | $132M | $140M | $148M | · | |
| Other Non-current Liabilities | $618.0K | $787.0K | $658.0K | $658.0K | $607.0K | $606.0K | $606.0K | $606.0K | $3M | $4M | $4M | · | $4M | $5M | $5M | · | |
| Total Liabilities | $305M | $298M | $327M | $278M | $284M | $275M | $317M | $300M | $328M | $325M | $393M | · | $406M | $405M | $450M | · | |
| Paid-in Capital | $754M | $745M | $737M | $729M | $718M | $708M | $694M | $685M | $670M | $653M | $635M | · | $594M | $575M | $552M | · | |
| Retained Earnings | $-507M | $-505M | $-502M | $-496M | $-487M | $-480M | $-474M | $-467M | $-431M | $-409M | $-374M | · | $-310M | $-288M | $-222M | · | |
| Treasury Stock | $45M | $30M | $30M | $30M | $30M | $30M | $30M | $30M | $30M | $30M | $30M | · | $30M | $30M | $30M | · | |
| AOCI | $-628.0K | $-338.0K | $-325.0K | $-434.0K | $-443.0K | $-352.0K | $-295.0K | $-335.0K | $-498.0K | $-432.0K | $-481.0K | · | $-632.0K | $-2M | $-5M | · | |
| Stockholders' Equity | $201M | $209M | $204M | $203M | $200M | $198M | $190M | $187M | $209M | $213M | $231M | $247M | $254M | $255M | $295M | $323M | |
| Liabilities + Equity | $506M | $508M | $531M | $481M | $485M | $473M | $507M | $487M | $537M | $538M | $624M | · | $660M | $661M | $745M | · |
Cash Flow 12
| Metric | Trend | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $6M | $6M | $6M | $6M | $6M | $7M | $7M | $8M | $10M | $13M | $14M | $11M | $9M | $11M | $10M | $6M | |
| Stock-based Comp | $11M | $14M | $11M | $13M | $14M | $17M | $13M | $17M | $19M | $21M | $20M | $24M | $21M | $25M | $31M | $30M | |
| Restructuring | · | · | · | · | · | · | · | · | · | $8M | $3M | · | $891.0K | $35M | $927.0K | · | |
| Other Non-cash | · | · | $-215.0K | · | · | · | $1M | · | · | · | $22M | · | · | · | $4M | · | |
| Operating Cash Flow | $12M | $7M | $11M | $7M | $21M | $-16M | $14M | $8M | $22M | $-22M | $21M | $23M | $40M | $31M | $-2M | $-19M | |
| CapEx | $5M | $4M | $5M | $4M | $5M | $3M | $4M | $4M | $3M | $4M | $4M | $4M | $3M | $5M | $6M | $6M | |
| Investing Cash Flow | $-26M | $4M | $-6M | · | $-21M | $-3M | $-36M | · | $-48M | $-624.0K | $9M | · | $32M | $5M | $-2M | $39M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | $0 | |
| Financing Cash Flow | $-18M | $-7M | $-5M | · | $-4M | $-4M | $-4M | · | · | · | · | · | $-4M | $-3M | $-4M | $-3M | |
| Net Change in Cash | $-31M | $4M | $542.0K | $5M | $-4M | $-24M | $-26M | $-34M | $-31M | $-29M | $17M | $46M | $55M | $26M | $-18M | · | |
| Taxes Paid | $0 | $173.0K | $33.0K | $193.0K | $0 | $100.0K | $521.0K | $221.0K | $3.0K | $847.0K | $386.0K | $324.0K | $609.0K | $95.0K | $83.0K | $310.0K | |
| Free Cash Flow | · | · | $6M | · | · | · | $10M | · | · | · | $17M | · | · | · | $-16M | · |
Profitability 8
| Metric | Trend | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.7% | 43.6% | 43.6% | · | 44.2% | 44.5% | 45.4% | · | 45.5% | 43.4% | 43.6% | · | 42.5% | 41.0% | 42.1% | · | |
| Operating Margin | -1.2% | -1.4% | -2.5% | · | -3.0% | -2.9% | -2.8% | · | -7.7% | -11.5% | -7.9% | · | -6.3% | -16.2% | -12.1% | · | |
| Net Margin | -0.45% | -0.78% | -1.9% | · | -2.3% | -2.1% | -2.0% | · | -6.6% | -10.8% | -9.7% | · | -5.5% | -15.9% | -12.3% | · | |
| Pretax Margin | -0.43% | -0.76% | -1.8% | · | -2.2% | -2.1% | -1.9% | · | -6.8% | -10.5% | -7.1% | · | -5.4% | -15.9% | -12.2% | · | |
| EBITDA Margin | -1.2% | -1.4% | -0.75% | · | -3.0% | -2.9% | -0.66% | · | -7.7% | -11.5% | -4.1% | · | -6.3% | -16.2% | -9.9% | · | |
| ROA | -0.31% | -0.54% | -1.2% | · | -1.4% | -1.3% | -1.1% | · | -3.6% | -5.9% | -5.2% | · | -2.9% | -8.4% | -6.7% | · | |
| ROE | -0.76% | -1.3% | -3.2% | · | -3.6% | -3.2% | -3.0% | · | -9.2% | -15.2% | -13.5% | · | -6.8% | -18.3% | -14.5% | · | |
| ROIC | -2.1% | -2.3% | -4.2% | · | -5.0% | -4.7% | -4.8% | · | -12.0% | -17.9% | -12.5% | · | -9.9% | -26.2% | -18.8% | · |
Liquidity & Solvency 2
| Metric | Trend | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.5 | 1.7 | 1.7 | · | 1.8 | 1.8 | 1.7 | · | 1.8 | 1.8 | 1.7 | · | 1.7 | 1.6 | 1.6 | · | |
| Quick Ratio | 0.7 | 1.0 | 0.9 | · | 1.1 | 1.1 | 1.1 | · | 1.1 | 1.1 | 1.0 | · | 0.9 | 0.8 | 0.7 | · |
Efficiency 2
| Metric | Trend | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.7 | · | 0.6 | 0.6 | 0.6 | · | 0.5 | 0.6 | 0.5 | · | 0.5 | 0.5 | 0.5 | · | |
| Inventory Turnover | 1.6 | 1.7 | 1.5 | · | 1.6 | 1.5 | 1.2 | · | 1.3 | 1.3 | 1.1 | · | 1.2 | 1.4 | 1.3 | · |
Valuation (TTM) 4
| Metric | Trend | Q3 2026 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.35B | $1.32B | $1.30B | · | $1.28B | $1.28B | $1.34B | · | $1.40B | $1.48B | $1.59B | · | $1.72B | $1.85B | $2.03B | · | |
| Net Income TTM | $-18M | $-23M | $-27M | · | $-41M | $-70M | $-99M | · | $-114M | $-158M | $-179M | · | $-221M | $-230M | $-167M | · | |
| P/E | -27.1 | -27.2 | -20.0 | · | -9.8 | -8.1 | -3.9 | · | -2.2 | -2.3 | -2.1 | · | -1.7 | -2.4 | -2.6 | · | |
| Earnings Yield | -3.7% | -3.7% | -5.0% | · | -10.2% | -12.3% | -25.5% | · | -44.9% | -42.7% | -48.0% | · | -58.4% | -42.1% | -38.3% | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-08-02 | 2024-08-03 | 2023-07-29 | 2022-07-30 | 2021-07-31 | |
|---|---|---|---|---|---|
| Revenue | $1.27B | $1.34B | $1.59B | $2.02B | $2.10B |
| Gross Margin % | 44.4% | 44.3% | 42.2% | 43.8% | 45.1% |
| Operating Margin % | -3.1% | -10.0% | -10.8% | -10.0% | -3.0% |
| Net Income | $-29M | $-129M | $-172M | $-207M | $-9M |
| Diluted EPS | $-0.22 | $-1.07 | $-1.50 | $-1.90 | $-0.08 |
Balance Sheet
| 2025-08-02 | 2024-08-03 | 2023-07-29 | 2022-07-30 | 2021-07-31 | |
|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.8 | 1.8 | 1.6 | 2.3 |
| Quick Ratio | 1.1 | 1.2 | 1.1 | 0.4 | 0.6 |
Cash Flow
| 2025-08-02 | 2024-08-03 | 2023-07-29 | 2022-07-30 | 2021-07-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $9M | $14M | $39M | $9M | $-51M |
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Institutional owners (13F) 212 filers · $377.2M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 31 (-14 vs prior Q) | 26 (-7 vs prior Q) | 80 (+21 vs prior Q) | 42 (-12 vs prior Q) | +5.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| DISCIPLINED GROWTH INVESTORS INC /MN | $77,720,314 | 18,910,052 | 20.60% | Shares |
| VANGUARD GROUP INC | $37,347,445 | 7,113,799 | 9.90% | Shares |
| Working Capital Advisors (UK) Ltd. | $33,520,293 | 8,155,789 | 8.89% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $24,675,034 | 6,003,658 | 6.54% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $20,382,320 | 4,959,202 | 5.40% | Shares |
| STATE STREET CORP | $14,399,401 | 3,503,504 | 3.82% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $13,122,852 | 3,192,908 | 3.48% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $12,506,237 | 3,042,880 | 3.32% | Shares |
| Archon Capital Management LLC | $12,369,908 | 3,009,710 | 3.28% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $11,109,401 | 2,702,193 | 2.94% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $9,550,847 | 2,323,807 | 2.53% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $8,951,354 | 2,177,945 | 2.37% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $8,343,999 | 2,030,170 | 2.21% | Shares |
| GOLDMAN SACHS GROUP INC | $6,526,265 | 1,587,899 | 1.73% | Shares |
| Hodges Capital Management Inc. | $5,665,429 | 1,378,450 | 1.50% | Shares |
| Focus Partners Wealth | $5,084,086 | 1,237,004 | 1.35% | Shares |
| Qube Research & Technologies Ltd | $4,817,775 | 1,172,208 | 1.28% | Shares |
| Kent Lake PR LLC | $4,350,000 | 1,000,000 | 1.15% | Shares |
| FMR LLC | $3,462,679 | 842,501 | 0.92% | Shares |
| Bank of New York Mellon Corp | $3,457,464 | 841,232 | 0.92% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $3,358,100 | 817,056 | 0.89% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $3,260,833 | 793,390 | 0.86% | Shares |
| Quinn Opportunity Partners LLC | $3,121,771 | 759,555 | 0.83% | Shares |
| COATUE MANAGEMENT LLC | $3,022,383 | 735,373 | 0.80% | Shares |
| STATE OF MICHIGAN RETIREMENT SYSTEM | $2,987,900 | 726,983 | 0.79% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $2,276,941 | 554,000 | 0.60% | Shares |
| BlackRock, Inc. | $2,156,870 | 524,786 | 0.57% | Shares |
| CITADEL ADVISORS LLC | $2,076,372 | 505,200 | 0.55% | Put option |
| Connor, Clark & Lunn Investment Management Ltd. | $1,793,320 | 436,331 | 0.48% | Shares |
| IEQ CAPITAL, LLC | $1,619,730 | 394,095 | 0.43% | Shares |
| CANNELL CAPITAL LLC | $1,483,873 | 4,483 | 0.39% | Call option |
| ARMISTICE CAPITAL, LLC | $1,449,909 | 352,776 | 0.38% | Shares |
| FRANKLIN RESOURCES INC | $1,445,142 | 351,616 | 0.38% | Shares |
| Cubist Systematic Strategies, LLC | $1,418,344 | 326,056 | 0.38% | Shares |
| Divisadero Street Capital Management, LP | $1,281,280 | 311,747 | 0.34% | Shares |
| XTX Topco Ltd | $1,235,441 | 300,594 | 0.33% | Shares |
| AMERIPRISE FINANCIAL INC | $1,215,557 | 295,756 | 0.32% | Shares |
| MILLENNIUM MANAGEMENT LLC | $1,134,261 | 275,976 | 0.30% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $998,857 | 243,031 | 0.26% | Shares |
| AMERICAN CENTURY COMPANIES INC | $924,627 | 224,970 | 0.25% | Shares |
| Mariner, LLC | $876,710 | 213,259 | 0.23% | Shares |
| D. E. Shaw & Co., Inc. | $838,535 | 204,023 | 0.22% | Shares |
| TWO SIGMA ADVISERS, LP | $758,100 | 144,400 | 0.20% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $738,423 | 179,665 | 0.20% | Shares |
| BANK OF AMERICA CORP /DE/ | $655,512 | 159,492 | 0.17% | Shares |
| Vanguard Global Advisers, LLC | $651,686 | 158,561 | 0.17% | Shares |
| TWO SIGMA INVESTMENTS, LP | $642,541 | 156,336 | 0.17% | Shares |
| RHUMBLINE ADVISERS | $621,151 | 151,135 | 0.16% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $582,325 | 141,685 | 0.15% | Shares |
| JANE STREET GROUP, LLC | $573,004 | 139,417 | 0.15% | Shares |
| CITADEL ADVISORS LLC | $529,730 | 128,888 | 0.14% | Shares |
| DEUTSCHE BANK AG\ | $471,799 | 114,793 | 0.13% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $427,715 | 133,140 | 0.11% | Shares |
| WELLS FARGO & COMPANY/MN | $407,363 | 99,115 | 0.11% | Shares |
| ALLIANCEBERNSTEIN L.P. | $407,289 | 123,048 | 0.11% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $385,107 | 93,700 | 0.10% | Shares |
| Graham Capital Management, L.P. | $384,466 | 93,544 | 0.10% | Shares |
| Creative Planning | $372,498 | 90,632 | 0.10% | Shares |
| CWM, LLC | $369,621 | 111,668 | 0.10% | Shares |
| ALGERT GLOBAL LLC | $361,269 | 87,900 | 0.10% | Shares |
| Voleon Capital Management LP | $353,361 | 85,976 | 0.09% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $328,081 | 79,825 | 0.09% | Shares |
| MetLife Investment Management, LLC | $311,912 | 75,891 | 0.08% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $294,046 | 71,544 | 0.08% | Shares |
| Argos Wealth Advisors, LLC | $283,446 | 68,965 | 0.08% | Shares |
| Rafferty Asset Management, LLC | $267,417 | 65,065 | 0.07% | Shares |
| WINTON GROUP Ltd | $263,451 | 64,100 | 0.07% | Shares |
| State of Wyoming | $243,209 | 59,175 | 0.06% | Shares |
| Russell Investments Group, Ltd. | $230,891 | 56,178 | 0.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $222,680 | 54,180 | 0.06% | Shares |
| Cornerstone Investment Partners, LLC | $215,709 | 52,484 | 0.06% | Shares |
| CITADEL ADVISORS LLC | $214,953 | 52,300 | 0.06% | Call option |
| Parallel Advisors, LLC | $207,543 | 50,497 | 0.06% | Shares |
| GLENMEDE TRUST CO NA | $205,919 | 50,102 | 0.05% | Shares |
| BAILARD, INC. | $197,280 | 48,000 | 0.05% | Shares |
| Simplicity Wealth,LLC | $195,895 | 47,663 | 0.05% | Shares |
| HSBC HOLDINGS PLC | $195,456 | 46,704 | 0.05% | Shares |
| CITIGROUP INC | $195,431 | 47,550 | 0.05% | Shares |
| Invesco Ltd. | $191,678 | 46,637 | 0.05% | Shares |
| BARCLAYS PLC | $180,787 | 43,987 | 0.05% | Shares |
| JANE STREET GROUP, LLC | $180,018 | 43,800 | 0.05% | Call option |
| Tower Research Capital LLC (TRC) | $178,851 | 43,516 | 0.05% | Shares |
| WOLVERINE TRADING, LLC | $176,472 | 38,700 | 0.05% | Call option |
| CANNELL CAPITAL LLC | $176,317 | 53,268 | 0.05% | Shares |
| Cerity Partners LLC | $172,361 | 41,937 | 0.05% | Shares |
| WOLVERINE TRADING, LLC | $154,584 | 33,900 | 0.04% | Put option |
| EntryPoint Capital, LLC | $149,657 | 36,413 | 0.04% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $147,960 | 36,000 | 0.04% | Call option |
| Centiva Capital, LP | $147,874 | 35,979 | 0.04% | Shares |
| PRUDENTIAL FINANCIAL INC | $140,377 | 34,155 | 0.04% | Shares |
| Police & Firemen's Retirement System of New Jersey | $138,692 | 33,745 | 0.04% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $137,274 | 33,400 | 0.04% | Put option |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $133,563 | 32,497 | 0.04% | Shares |
| Shay Capital LLC | $123,300 | 30,000 | 0.03% | Call option |
| NEW YORK STATE COMMON RETIREMENT FUND | $122,289 | 29,754 | 0.03% | Shares |
| Brevan Howard Capital Management LP | $122,067 | 29,700 | 0.03% | Shares |
| BRIGHTON JONES LLC | $121,735 | 29,619 | 0.03% | Shares |
| Aquatic Capital Management LLC | $119,597 | 29,099 | 0.03% | Shares |
| LPL Financial LLC | $115,244 | 28,040 | 0.03% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $110,275 | 26,831 | 0.03% | Shares |
Company insiders 29 insiders · 7 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Matt Baer | Chief Executive Officer | June 17, 2026 M | 2,009,740 | 0 | 0 | $0 |
| Elizabeth Spaulding | Chief Executive Officer | March 16, 2022 F | 188,926 | 0 | 0 | $0 |
| David Aufderhaar | Chief Financial Officer | July 6, 2026 S | 1,102,369 | 0 | 1 | $-257,568 |
| Dan Jedda | Chief Financial Officer | March 16, 2022 F | 285,711 | 0 | 0 | $0 |
| Casey O'Connor | Chief Legal Officer | July 16, 2026 S | 429,618 | 0 | 1 | $-196,500 |
| Scott Darling | Chief Legal Officer & Secr. | March 16, 2022 F | 65,850 | 0 | 0 | $0 |
| Sarah Barkema | Chief Accounting Officer | Jan. 6, 2022 A | 60,693 | 0 | 0 | $0 |
| Elizabeth Goodwin Williams | Director | Dec. 13, 2022 A | 41,457 | 0 | 0 | $0 |
| J. William Gurley | Director | July 8, 2022 P | 2,149,762 | 0 | 0 | $0 |
| Neal Mohan | Director | Dec. 15, 2021 A | 6,211 | 0 | 0 | $0 |
| Mike C. Smith | Director | Dec. 15, 2021 A | 51,372 | 0 | 0 | $0 |
| Kirsten A. Lynch | Director | Dec. 15, 2021 A | 11,989 | 0 | 0 | $0 |
| Marka Hansen | Director | Dec. 15, 2021 A | 4,016 | 0 | 0 | $0 |
| Sharon Mccollam | Director | Dec. 15, 2021 A | 5,820 | 0 | 0 | $0 |
| Katrina Lake | Director | Nov. 18, 2021 C | 0 | 0 | 0 | $0 |
| Steven P. Anderson | Director | Oct. 21, 2020 J | 0 | 0 | 0 | $0 |
| Steven M Spurlock | 10% owner | March 12, 2020 P | 50,000 | 0 | 0 | $0 |
| Peter H. Fenton | 10% owner | July 5, 2019 S | 0 | 0 | 0 | $0 |
| Matthew R. Cohler | 10% owner | June 21, 2019 S | 0 | 0 | 0 | $0 |
| Bruce W. Dunlevie | 10% owner | June 14, 2019 G | 0 | 0 | 0 | $0 |
| Eric Vishria | 10% owner | Oct. 4, 2018 C | 468 | 0 | 0 | $0 |
| Barry Eggers | 10% owner | Aug. 31, 2018 S | 0 | 0 | 0 | $0 |
| Ravi Mhatre | 10% owner | July 6, 2018 S | 0 | 0 | 0 | $0 |
| Peter Nieh | 10% owner | July 5, 2018 S | 32,086 | 0 | 0 | $0 |
| Christopher J Schaepe | 10% owner | May 30, 2018 S | 0 | 0 | 0 | $0 |
| Anthony Bacos | — | Aug. 3, 2026 M | 951,994 | 0 | 17 | $-2,666,649 |
| Mikkel Svane | — | Dec. 15, 2021 A | 11,989 | 0 | 0 | $0 |
| Mitchell H. Lasky | — | June 21, 2021 S | 3,277 | 0 | 0 | $0 |
| Paul Yee | — | Dec. 23, 2019 C | 11,778 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 41 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 |
|---|---|---|---|---|
| RETL · Direxion Shares ETF Trust | 0.67% | 57,727 NS | April 30, 2026 | N-PORT |
| VFQY · VANGUARD WELLINGTON FUND | 0.11% | 129,693 SH | Aug. 8, 2026 | Daily |
| IWC · iShares Trust | 0.11% | 399,685 SH | Aug. 8, 2026 | Daily |
| VFVA · VANGUARD WELLINGTON FUND | 0.07% | 140,551 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.05% | 137,872 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.04% | 293,359 SH | Aug. 8, 2026 | Daily |
| FNDA · SCHWAB STRATEGIC TRUST | 0.03% | 827,935 NS | May 31, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.03% | 95,873 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.03% | 1,010,806 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.03% | 208,721 NS | May 31, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.02% | 2,229 NS | May 31, 2026 | N-PORT |
| VCR · VANGUARD WORLD FUND | 0.02% | 391,373 SH | Aug. 8, 2026 | Daily |
| SMLF · iShares Trust | 0.02% | 162,716 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.02% | 3,039,807 SH | Aug. 8, 2026 | Daily |
| PNQI · Invesco Exchange-Traded Fund Trust | 0.01% | 18,178 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 48,476 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 401,721 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,394,331 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 677,026 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 5,263 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 565,200 NS | May 31, 2026 | N-PORT |
| TMFE · RBB Fund, Inc. | 0.01% | 2,073 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 4,116 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 4,161 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 327,835 NS | April 30, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 10,109 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 2,432 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 10,938 NS | April 30, 2026 | N-PORT |
| IWO · iShares Trust | 0.00% | 63,618 SH | Aug. 8, 2026 | Daily |
| HDG · ProShares Trust | 0.00% | 105 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 3,436 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 11,157 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 180,780 SH | Aug. 8, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.00% | 23,077 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 26,737 SH | Aug. 8, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 24,641 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 66,747 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 5,706 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,455,063 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.00% | 8,226 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 8,180 SH | Aug. 8, 2026 | Daily |