SGHT Sight Sciences, Inc. - Common Stock
$8.37
Price · Aug 24, 2026
Fundamentals as of Aug 5, 2026
52W Range
$3–$9
86% of range
Analyst Rating
BUY
14 analysts
Price Target
$9
+8% upside
P/E (TTM)
-11.3
ROE
-57.4%
Net Profit Margin
-49.7%
SGHT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$8.37
Market Cap
$448M
P/E (TTM)
-11.3
EPS (TTM)
$-0.74
Revenue (TTM)
$77M
Div Yield
—
ROE
-57.4%
Debt/Equity
0.6
52W Range
$3 – $9
SGHT 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
$77M
2020-12-31
→
2025-12-31
EPS
$-0.74
2021-12-31
→
2025-12-31
Free Cash Flow
$-30M
2021-12-31
→
2025-12-31
Margins
-49.7%
2021-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SGHT
Peer Median
P/E (TTM)
-11.3
27.5
P/S (TTM)
5.8
6.0
P/B
7.0
3.7
EV / EBITDA
-10.8
—
Price / FCF
-15.0
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SGHT
Peer Median
Gross Margin
86.2%
73.3%
Operating Margin
-47.9%
—
Net Profit Margin
-49.7%
-34.1%
ROA
-29.8%
-24.9%
ROE
-57.4%
-49.7%
ROIC
-35.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SGHT
Peer Median
Debt / Equity
0.6
—
Current Ratio
10.2
5.5
Quick Ratio
9.2
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SGHT
Peer Median
Revenue YoY
-3.1%
—
Revenue CAGR 3Y
2.7%
—
Revenue CAGR 5Y
22.9%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SGHT
Peer Median
SGHT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 4 28.6%
- Buy 6 42.9%
- Hold 4 28.6%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
5 analysts · 2026-08-22
Median
$8.00
Mean
$9.00
Now
$8.37
Low
$8.00
High
$12.00
Median target
$8.00
-4.4%
Mean target
$9.00
+7.6%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.04%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.08 | $-0.16 | 0.08% |
| March 31, 2026 | $-0.24 | $-0.17 | -0.07% |
| Dec. 31, 2025 | $-0.08 | $-0.14 | 0.06% |
| Sept. 30, 2025 | $-0.16 | $-0.26 | 0.10% |
| June 30, 2025 | $-0.23 | $-0.27 | 0.04% |
| March 31, 2025 | $-0.28 | $-0.29 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SGHT | $424M | -10.7 | -3.1% | -49.7% | -57.4% | 86.2% |
| NPCE | $518M | -23.4 | 25.1% | -21.5% | -111.6% | 77.2% |
| CLPT | $402M | -15.2 | 17.8% | -69.1% | -106.9% | 61.4% |
| SI | $295M | -3.1 | 49.6% | -85.3% | -129.1% | 76.5% |
| VREX | $498M | -7.0 | 4.1% | -8.3% | -14.0% | 34.4% |
| CARL | $329M | -5.8 | 85.9% | -58.7% | -375.2% | 75.3% |
| OFIX | $604M | -6.5 | 2.9% | -11.2% | -20.3% | 68.8% |
| MOBI | — | — | — | — | — | — |
| OBIO | $237M | -3.7 | 1169.2% | -157.4% | -195.7% | — |
| ABT | $250.18B | 33.7 | 5.7% | 14.7% | 13.1% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $77M | $80M | $81M | $71M | $49M | $28M | |
| Cost of Revenue | $11M | $12M | $12M | $12M | $9M | $9M | |
| Gross Profit | $67M | $68M | $69M | $59M | $40M | $18M | |
| R&D Expense | $15M | $18M | $18M | $23M | $16M | $9M | |
| SG&A Expense | $89M | $101M | $109M | $120M | $76M | $42M | |
| Operating Expenses | $104M | $119M | $126M | $143M | $92M | $51M | |
| Operating Income | $-37M | $-51M | $-57M | $-84M | $-51M | $-32M | |
| Interest Expense | $5M | $5M | $5M | $4M | $4M | $2M | |
| Interest Income | · | · | · | · | · | $30.0K | |
| Other Non-op | $-148.0K | $-32.0K | $-44.0K | $2M | $-7M | $-71.0K | |
| Pretax Income | $-38M | $-51M | $-55M | $-86M | $-63M | $-35M | |
| Income Tax | $10.0K | $236.0K | $110.0K | $47.0K | $188.0K | $61.0K | |
| Net Income | $-38M | $-52M | $-56M | $-86M | $-63M | $-35M | |
| EPS (Basic) | $-0.74 | $-1.03 | $-1.14 | $-1.80 | $-2.36 | · | |
| EPS (Diluted) | $-0.74 | $-1.03 | $-1.14 | $-1.80 | $-2.36 | · | |
| Shares (Basic) | 52,148,543 | 50,134,104 | 48,628,940 | 47,849,058 | 26,734,097 | · | |
| Shares (Diluted) | 52,148,543 | 50,134,104 | 48,628,940 | 47,849,058 | 26,734,097 | · | |
| EBITDA | $-37M | $-50M | $-57M | $-84M | $-51M | · |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $92M | $120M | $138M | $185M | $261M | $62M | |
| Receivables | $10M | $11M | $14M | $15M | $9M | $5M | |
| Inventory | $8M | $6M | $8M | $6M | $3M | $3M | |
| Prepaid Expense | $3M | $2M | $3M | $3M | $4M | $1M | |
| Current Assets | $113M | $140M | $163M | $210M | $277M | $71M | |
| PP&E (Net) | $2M | $2M | $2M | $2M | $1M | $1M | |
| PP&E (Gross) | $4M | $4M | $3M | $3M | $3M | $2M | |
| Accum. Depreciation | $2M | $2M | $2M | $1M | $1M | $743.0K | |
| Other Non-current Assets | $518.0K | $550.0K | $682.0K | $211.0K | $202.0K | $386.0K | |
| Total Assets | $115M | $143M | $167M | $213M | $280M | $73M | |
| Accounts Payable | $1M | $2M | $2M | $3M | $3M | $2M | |
| Accrued Liabilities | $2M | $2M | $2M | $5M | $3M | $2M | |
| Short-term Debt | $0 | · | · | · | · | · | |
| Current Liabilities | $11M | $15M | $12M | $18M | $14M | $9M | |
| Capital Leases | $0 | $473.0K | $914.0K | $635.0K | $1M | $134.0K | |
| Other Non-current Liabilities | $31.0K | $492.0K | $2M | $2M | $2M | $3M | |
| Total Liabilities | $51M | $55M | $46M | $53M | $48M | $44M | |
| Long-term Debt | $42M | $40M | $35M | $35M | $35M | $32M | |
| Total Debt | $40M | $39M | $34M | $33M | $33M | · | |
| Common Stock | $54.0K | $51.0K | $49.0K | $48.0K | $48.0K | $9.0K | |
| Retained Earnings | $-385M | $-346M | $-295M | $-239M | $-153M | $-90M | |
| Stockholders' Equity | $64M | $88M | $120M | $160M | $232M | $-89M | |
| Liabilities + Equity | $115M | $143M | $167M | $213M | $280M | $73M | |
| Shares Outstanding | 53,493,711 | 50,937,999 | 49,131,363 | 48,298,138 | 47,504,704 | 9,509,182 |
Cash Flow 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| D&A | $487.0K | $712.0K | $614.0K | · | · | · | |
| Stock-based Comp | $13M | $17M | $15M | $13M | $5M | $497.0K | |
| Other Non-cash | $-5M | $11M | · | · | · | · | |
| Operating Cash Flow | $-30M | $-22M | $-47M | $-76M | $-53M | $-32M | |
| CapEx | $224.0K | $385.0K | $791.0K | $970.0K | $813.0K | $953.0K | |
| Investing Cash Flow | $-224.0K | $-385.0K | $-791.0K | $-970.0K | $-813.0K | $-953.0K | |
| Financing Cash Flow | $2M | $5M | $1M | $1M | $253M | $73M | |
| Net Change in Cash | $-28M | $-18M | $-47M | $-76M | $199M | $40M | |
| Free Cash Flow | $-30M | $-23M | $-48M | $-77M | $-53M | · | |
| Levered FCF | $-35M | $-27M | $-53M | $-81M | $-58M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 86.2% | 85.5% | 85.3% | 82.7% | 82.4% | · | |
| Operating Margin | -47.9% | -63.3% | -70.7% | -117.7% | -105.2% | · | |
| Net Margin | -49.7% | -64.5% | -68.5% | -120.9% | -128.6% | · | |
| Pretax Margin | -49.7% | -64.2% | -68.4% | -120.8% | -128.2% | · | |
| EBITDA Margin | -47.3% | -62.4% | -70.7% | -117.7% | -105.2% | · | |
| ROA | -29.8% | -33.3% | -29.3% | -35.0% | -35.7% | · | |
| ROE | -57.4% | -56.5% | -44.9% | -51.8% | 907.9% | · | |
| ROIC | -35.6% | -40.0% | -37.2% | -43.4% | -19.5% | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 10.2 | 9.0 | 13.3 | 11.8 | 20.5 | · | |
| Quick Ratio | 9.2 | 8.5 | 12.4 | 11.2 | 19.9 | · | |
| Debt / Equity | 0.6 | 0.4 | 0.3 | 0.2 | 0.1 | · | |
| LT Debt / Equity | 0.6 | 0.4 | 0.3 | 0.2 | 0.1 | · | |
| Interest Coverage | -7.2 | -10.8 | -10.6 | -18.8 | -11.8 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.6 | 0.5 | 0.4 | 0.3 | 0.3 | · | |
| Inventory Turnover | 1.5 | 1.6 | 1.7 | 2.6 | 2.8 | · | |
| Receivables Turnover | 7.5 | 6.4 | 5.5 | 6.0 | 7.0 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | -3.1% | -1.5% | 13.6% | 45.7% | 77.1% | · | |
| Revenue CAGR 3Y | 2.7% | 17.7% | 43.1% | · | · | · | |
| Revenue CAGR 5Y | 22.9% | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $77M | $80M | $81M | $71M | $49M | · | |
| Net Income TTM | $-38M | $-52M | $-56M | $-86M | $-63M | · | |
| Market Cap | $424M | $185M | $254M | $590M | $835M | · | |
| Enterprise Value | $373M | $104M | $149M | $438M | $607M | · | |
| P/E | -10.7 | -3.5 | -4.5 | -6.8 | -7.4 | · | |
| P/S | 5.5 | 2.3 | 3.1 | 8.3 | 17.0 | · | |
| P/B | 6.6 | 2.1 | 2.1 | 3.7 | 3.6 | · | |
| P / Tangible Book | 6.6 | 2.1 | 2.1 | 3.7 | 3.6 | · | |
| P / Cash Flow | -14.3 | -8.3 | -5.4 | -7.8 | -15.9 | · | |
| P / FCF | -14.2 | -8.2 | -5.3 | -7.7 | -15.6 | · | |
| EV / EBITDA | -10.2 | -2.1 | -2.6 | -5.2 | -11.8 | · | |
| EV / FCF | -12.5 | -4.6 | -3.1 | -5.7 | -11.4 | · | |
| EV / Revenue | 4.8 | 1.3 | 1.8 | 6.1 | 12.4 | · | |
| Earnings Yield | -9.3% | -28.3% | -22.1% | -14.7% | -13.4% | · |
Income Statement 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $23M | $20M | $20M | $20M | $20M | $18M | $19M | $20M | $21M | $19M | $19M | $20M | $23M | $19M | $21M | $19M | |
| Cost of Revenue | $2M | $3M | $3M | $3M | $3M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $3M | |
| Gross Profit | $21M | $17M | $18M | $17M | $17M | $15M | $17M | $17M | $18M | $16M | $16M | $17M | $20M | $16M | $17M | $16M | |
| R&D Expense | $3M | $3M | $2M | $3M | $4M | $4M | $4M | $5M | $4M | $5M | $3M | $4M | $5M | $5M | $5M | $6M | |
| SG&A Expense | $23M | $27M | $19M | $22M | $24M | $25M | $24M | $23M | $27M | $27M | $24M | $27M | $30M | $29M | $29M | $32M | |
| Operating Expenses | $25M | $29M | $21M | $25M | $28M | $29M | $28M | $28M | $31M | $31M | $27M | $31M | $35M | $33M | $34M | $38M | |
| Operating Income | $-4M | $-12M | $-4M | $-8M | $-12M | $-14M | $-12M | $-11M | $-13M | $-15M | $-11M | $-13M | $-15M | $-18M | $-17M | $-22M | |
| Interest Expense | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | |
| Other Non-op | $82.0K | $-29.0K | $-31.0K | $-2.0K | $24.0K | $-139.0K | $-6.0K | $26.0K | $-44.0K | $-8.0K | $-11.0K | $-11.0K | $-3.0K | $-19.0K | $1M | $766.0K | |
| Pretax Income | $-4M | $-13M | $-4M | $-8M | $-12M | $-14M | $-12M | $-11M | $-12M | $-16M | $-11M | $-13M | $-15M | $-17M | $-17M | $-22M | |
| Income Tax | $28.0K | $11.0K | $8.0K | $-79.0K | $40.0K | $41.0K | $38.0K | $166.0K | $15.0K | $17.0K | $10.0K | $78.0K | $8.0K | $14.0K | $10.0K | $19.0K | |
| Net Income | $-4M | $-13M | $-4M | $-8M | $-12M | $-14M | $-12M | $-11M | $-12M | $-16M | $-11M | $-13M | $-15M | $-17M | $-17M | $-22M | |
| EPS (Basic) | $-0.08 | $-0.24 | $-0.07 | $-0.16 | $-0.23 | $-0.28 | $-0.23 | $-0.22 | $-0.25 | $-0.33 | $-0.22 | $-0.27 | $-0.30 | $-0.35 | $-0.35 | $-0.46 | |
| EPS (Diluted) | $-0.08 | $-0.24 | $-0.07 | $-0.16 | $-0.23 | $-0.28 | $-0.23 | $-0.22 | $-0.25 | $-0.33 | $-0.22 | $-0.27 | $-0.30 | $-0.35 | $-0.35 | $-0.46 | |
| Shares (Basic) | 54,505,792 | 53,943,085 | -103,341,700 | 52,377,805 | 51,821,773 | 51,290,665 | -99,596,148 | 50,340,603 | 49,903,386 | 49,486,263 | -96,983,690 | 48,671,049 | 48,536,310 | 48,405,271 | -95,332,433 | 47,910,541 | |
| Shares (Diluted) | 54,505,792 | 53,943,085 | -103,341,700 | 52,377,805 | 51,821,773 | 51,290,665 | -99,596,148 | 50,340,603 | 49,903,386 | 49,486,263 | -96,983,690 | 48,671,049 | 48,536,310 | 48,405,271 | -95,332,433 | 47,910,541 | |
| EBITDA | $-4M | $-12M | · | $-8M | $-12M | $-14M | · | $-11M | $-13M | $-15M | · | $-13M | $-15M | $-18M | · | $-22M |
Balance Sheet 24
| 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 | $80M | $85M | $92M | $92M | $102M | $109M | $120M | $119M | $118M | $127M | $138M | $145M | $155M | $167M | $185M | $200M | |
| Receivables | $11M | $11M | $10M | $10M | $10M | $9M | $11M | $13M | $20M | $16M | $14M | $17M | $18M | $16M | $15M | $13M | |
| Inventory | $6M | $7M | $8M | $8M | $6M | $6M | $6M | $6M | $7M | $7M | $8M | $9M | $8M | $7M | $6M | $6M | |
| Prepaid Expense | $5M | $4M | $3M | $3M | $2M | $3M | $2M | $3M | $1M | $2M | $3M | $3M | $2M | $3M | $3M | $4M | |
| Current Assets | $101M | $107M | $113M | $114M | $119M | $127M | $140M | $140M | $146M | $152M | $163M | $174M | $182M | $194M | $210M | $222M | |
| PP&E (Net) | $2M | $2M | $2M | $2M | $1M | $1M | $2M | $1M | $1M | $2M | $2M | $2M | $1M | $1M | $2M | $2M | |
| PP&E (Gross) | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Accum. Depreciation | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $1M | |
| Other Non-current Assets | $580.0K | $370.0K | $518.0K | $548.0K | $386.0K | $472.0K | $550.0K | $580.0K | $640.0K | $624.0K | $682.0K | $655.0K | $367.0K | $224.0K | $211.0K | $202.0K | |
| Total Assets | $105M | $110M | $115M | $116M | $122M | $130M | $143M | $144M | $150M | $156M | $167M | $177M | $185M | $197M | $213M | $225M | |
| Accounts Payable | $2M | $1M | $1M | $2M | $2M | $3M | $2M | $1M | $2M | $2M | $2M | $4M | $3M | $4M | $3M | $3M | |
| Accrued Liabilities | $2M | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $4M | $4M | $2M | $3M | $3M | $4M | $5M | $4M | |
| Short-term Debt | $10M | $4M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Current Liabilities | $20M | $18M | $11M | $12M | $12M | $12M | $15M | $14M | $13M | $12M | $12M | $14M | $14M | $15M | $18M | $17M | |
| Capital Leases | $804.0K | $870.0K | $0 | $47.0K | $183.0K | $328.0K | $473.0K | $614.0K | $747.0K | $802.0K | $914.0K | $0 | $107.0K | $353.0K | $635.0K | $601.0K | |
| Other Non-current Liabilities | $834.0K | $900.0K | $31.0K | $66.0K | $202.0K | $347.0K | $492.0K | $689.0K | $1M | $961.0K | $2M | $1M | $1M | $2M | $2M | $2M | |
| Total Liabilities | $52M | $56M | $51M | $52M | $52M | $52M | $55M | $49M | $48M | $46M | $46M | $50M | $49M | $50M | $53M | $52M | |
| Long-term Debt | $41M | $42M | $42M | $42M | $42M | $42M | $39M | $37M | $35M | $35M | $34M | $35M | $35M | $35M | $33M | $35M | |
| Total Debt | $51M | $44M | · | $40M | $40M | $40M | · | $34M | $34M | $34M | · | $34M | $34M | $33M | · | $33M | |
| Common Stock | $55.0K | $54.0K | $54.0K | $52.0K | $52.0K | $51.0K | $51.0K | $50.0K | $50.0K | $50.0K | $49.0K | $49.0K | $49.0K | $48.0K | $48.0K | $48.0K | |
| Retained Earnings | $-402M | $-398M | $-385M | $-381M | $-372M | $-360M | $-346M | $-334M | $-323M | $-311M | $-295M | $-284M | $-271M | $-256M | $-239M | $-222M | |
| Stockholders' Equity | $53M | $54M | $64M | $64M | $70M | $78M | $88M | $95M | $102M | $109M | $120M | $127M | $136M | $146M | $160M | $173M | |
| Liabilities + Equity | $105M | $110M | $115M | $116M | $122M | $130M | $143M | $144M | $150M | $156M | $167M | $177M | $185M | $197M | $213M | $225M | |
| Shares Outstanding | 54,716,301 | 54,033,998 | 53,493,711 | 52,474,227 | 52,033,403 | 51,376,751 | 50,937,999 | 50,398,148 | 50,136,131 | 49,565,200 | 49,131,363 | 48,298,138 | 48,649,343 | 48,450,378 | 48,298,138 | 48,083,292 |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $94.0K | $103.0K | $108.0K | $105.0K | $125.0K | $149.0K | $176.0K | $158.0K | $186.0K | $192.0K | $159.0K | $160.0K | $149.0K | $146.0K | · | · | |
| Stock-based Comp | $3M | $3M | $3M | $2M | $4M | $4M | $4M | $4M | $4M | $5M | $3M | $4M | $4M | $4M | $3M | $3M | |
| Other Non-cash | · | $3M | · | · | · | $-2M | · | · | · | $2M | · | · | · | · | · | · | |
| Operating Cash Flow | $-6M | $-7M | $-2M | $-9M | $-8M | $-12M | $-3M | $362.0K | $-9M | $-10M | $-6M | $-10M | $-13M | $-17M | $-16M | $-20M | |
| CapEx | $19.0K | $60.0K | $-156.0K | $170.0K | $210.0K | $0 | $137.0K | $51.0K | $80.0K | $117.0K | $264.0K | $304.0K | $97.0K | $126.0K | $129.0K | $272.0K | |
| Investing Cash Flow | $-19.0K | $-60.0K | $156.0K | $-170.0K | $-210.0K | $0 | $-137.0K | $-51.0K | $-80.0K | $-117.0K | $-264.0K | $-304.0K | $-97.0K | $-126.0K | $-129.0K | $-272.0K | |
| Financing Cash Flow | $474.0K | $88.0K | $1M | $25.0K | $485.0K | $16.0K | $5M | $76.0K | $441.0K | $-942.0K | $376.0K | $118.0K | $766.0K | $-156.0K | $812.0K | $186.0K | |
| Net Change in Cash | $-5M | $-7M | $-406.0K | $-9M | $-7M | $-12M | $2M | $387.0K | $-9M | $-11M | $-6M | $-10M | $-13M | $-18M | $-15M | $-20M | |
| Free Cash Flow | · | $-7M | · | · | · | $-12M | · | · | · | $-10M | · | · | · | $-18M | · | · | |
| Levered FCF | · | $-8M | · | · | · | $-13M | · | · | · | $-11M | · | · | · | $-19M | · | · |
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 | 91.4% | 86.2% | · | 86.4% | 84.8% | 86.2% | · | 83.9% | 85.8% | 85.5% | · | 86.6% | 85.6% | 83.8% | · | 84.3% | |
| Operating Margin | -16.6% | -63.0% | · | -39.7% | -59.6% | -79.2% | · | -55.7% | -59.2% | -76.4% | · | -67.0% | -64.7% | -93.3% | · | -117.0% | |
| Net Margin | -19.0% | -65.9% | · | -41.0% | -61.0% | -80.8% | · | -54.9% | -57.7% | -84.4% | · | -65.1% | -62.9% | -90.7% | · | -119.0% | |
| Pretax Margin | -18.9% | -65.8% | · | -41.4% | -60.8% | -80.6% | · | -54.1% | -57.6% | -84.3% | · | -64.8% | -62.8% | -90.6% | · | -118.9% | |
| EBITDA Margin | -16.6% | -62.5% | · | -39.7% | -59.6% | -78.3% | · | -55.7% | -59.2% | -75.4% | · | -67.0% | -64.7% | -93.3% | · | -117.0% | |
| ROA | -3.9% | -10.8% | · | -6.3% | -8.8% | -9.9% | · | -6.9% | -7.4% | -9.2% | · | -6.5% | -6.9% | -7.5% | · | -8.6% | |
| ROE | -7.2% | -19.7% | · | -10.3% | -13.9% | -15.2% | · | -10.0% | -10.4% | -12.7% | · | -8.7% | -9.0% | -9.5% | · | -10.6% | |
| ROIC | -3.8% | -12.7% | · | -7.5% | -10.7% | -11.9% | · | -8.8% | -9.3% | -10.3% | · | -8.4% | -8.9% | -9.8% | · | -10.6% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.9 | 5.9 | · | 9.6 | 10.0 | 10.5 | · | 10.2 | 11.0 | 13.0 | · | 12.1 | 13.0 | 12.8 | · | 12.8 | |
| Quick Ratio | 4.4 | 5.3 | · | 8.6 | 9.3 | 9.8 | · | 9.5 | 10.4 | 12.2 | · | 11.3 | 12.3 | 12.1 | · | 12.2 | |
| Debt / Equity | 1.0 | 0.8 | · | 0.6 | 0.6 | 0.5 | · | 0.4 | 0.3 | 0.3 | · | 0.3 | 0.2 | 0.2 | · | 0.2 | |
| LT Debt / Equity | 0.6 | 0.7 | · | 0.6 | 0.6 | 0.5 | · | 0.4 | 0.3 | 0.3 | · | 0.3 | 0.2 | 0.2 | · | 0.2 | |
| Interest Coverage | -3.0 | -9.8 | · | -6.1 | -9.1 | -11.0 | · | -9.8 | -11.0 | -12.2 | · | -9.4 | -11.3 | -13.8 | · | -19.3 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.2 | · | 0.2 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | |
| Inventory Turnover | 0.3 | 0.4 | · | 0.4 | 0.5 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.5 | 0.5 | · | 0.7 | |
| Receivables Turnover | 2.2 | 2.0 | · | 1.8 | 1.3 | 1.4 | · | 1.4 | 1.1 | 1.2 | · | 1.4 | 1.6 | 1.4 | · | 1.7 |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $83M | $77M | · | $77M | $79M | $78M | · | $81M | $84M | $82M | · | $81M | $78M | $70M | · | $64M | |
| Net Income TTM | $-38M | $-47M | · | $-45M | $-49M | $-54M | · | $-53M | $-56M | $-61M | · | $-67M | $-78M | $-86M | · | $-87M | |
| Market Cap | $297M | $204M | · | $181M | $215M | $123M | · | $318M | $334M | $262M | · | $163M | $403M | $423M | · | $305M | |
| Enterprise Value | $268M | $163M | · | $128M | $153M | $54M | · | $233M | $250M | $168M | · | $52M | $282M | $290M | · | $139M | |
| P/E | -7.6 | -4.1 | · | -3.9 | -4.2 | -2.2 | · | -5.9 | -5.8 | -4.2 | · | -2.4 | -5.1 | -4.9 | · | -3.4 | |
| P/S | 3.6 | 2.7 | · | 2.3 | 2.7 | 1.6 | · | 3.9 | 4.0 | 3.2 | · | 2.0 | 5.2 | 6.1 | · | 4.8 | |
| P/B | 5.6 | 3.8 | · | 2.8 | 3.1 | 1.6 | · | 3.3 | 3.3 | 2.4 | · | 1.3 | 3.0 | 2.9 | · | 1.8 | |
| P / Tangible Book | 5.6 | 3.8 | · | 2.8 | 3.1 | 1.6 | · | 3.3 | 3.3 | 2.4 | · | 1.3 | 3.0 | 2.9 | · | 1.8 | |
| P / Cash Flow | · | -29.0 | · | · | · | -10.6 | · | · | · | -26.7 | · | · | · | -24.4 | · | · | |
| P / FCF | · | -28.7 | · | · | · | -10.6 | · | · | · | -26.4 | · | · | · | -24.2 | · | · | |
| EV / EBITDA | -68.9 | -13.2 | · | -16.2 | -13.1 | -3.9 | · | -20.8 | -19.8 | -11.6 | · | -3.9 | -18.6 | -16.5 | · | -6.3 | |
| EV / FCF | · | -23.0 | · | · | · | -4.7 | · | · | · | -17.0 | · | · | · | -16.5 | · | · | |
| EV / Revenue | 3.2 | 2.1 | · | 1.7 | 1.9 | 0.7 | · | 2.9 | 3.0 | 2.1 | · | 0.6 | 3.6 | 4.2 | · | 2.2 | |
| Earnings Yield | -13.1% | -24.1% | · | -25.9% | -23.7% | -45.0% | · | -17.0% | -17.2% | -23.7% | · | -40.9% | -19.4% | -20.6% | · | -29.6% |
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 | $77M | $80M | $81M | $71M | $49M |
| Gross Margin % | 86.2% | 85.5% | 85.3% | 82.7% | 82.4% |
| Operating Margin % | -47.9% | -63.3% | -70.7% | -117.7% | -105.2% |
| Net Income | $-38M | $-52M | $-56M | $-86M | $-63M |
| Diluted EPS | $-0.74 | $-1.03 | $-1.14 | $-1.80 | $-2.36 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.6 | 0.4 | 0.3 | 0.2 | 0.1 |
| Current Ratio | 10.2 | 9.0 | 13.3 | 11.8 | 20.5 |
| Quick Ratio | 9.2 | 8.5 | 12.4 | 11.2 | 19.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-30M | $-23M | $-48M | $-77M | $-53M |
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Institutional owners (13F) 122 filers · $117.0M 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 |
|---|---|---|---|---|
| 17 (-8 vs prior Q) | 15 (-3 vs prior Q) | 41 (+3 vs prior Q) | 29 (-2 vs prior Q) | -747K |
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 |
|---|---|---|---|---|
| Long Focus Capital Management, LLC | $20,835,022 | 3,844,100 | 17.81% | Shares |
| KCK LTD. | $15,049,914 | 4,374,975 | 12.86% | Shares |
| VANGUARD GROUP INC | $13,426,481 | 1,693,125 | 11.48% | Shares |
| Americana Partners, LLC | $9,100,554 | 1,679,069 | 7.78% | Shares |
| Pathstone Holdings, LLC | $9,100,072 | 1,678,980 | 7.78% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $8,530,077 | 1,573,815 | 7.29% | Shares |
| STATE STREET CORP | $4,528,150 | 835,452 | 3.87% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $4,480,090 | 826,362 | 3.83% | Shares |
| B Group, Inc. | $3,656,900 | 970,000 | 3.13% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $2,125,041 | 392,074 | 1.82% | Shares |
| Qube Research & Technologies Ltd | $1,965,850 | 362,703 | 1.68% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $1,834,350 | 338,441 | 1.57% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $1,673,880 | 308,834 | 1.43% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,493,497 | 275,553 | 1.28% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,476,869 | 272,485 | 1.26% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $1,422,902 | 262,528 | 1.22% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,387,943 | 256,078 | 1.19% | Shares |
| Squarepoint Ops LLC | $1,182,145 | 218,108 | 1.01% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $1,152,606 | 212,658 | 0.99% | Shares |
| TWO SIGMA ADVISERS, LP | $726,388 | 91,600 | 0.62% | Shares |
| Palumbo Wealth Management LLC | $696,666 | 128,536 | 0.60% | Shares |
| UBS Group AG | $683,429 | 126,094 | 0.58% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $675,088 | 124,555 | 0.58% | Shares |
| GOLDMAN SACHS GROUP INC | $657,934 | 121,390 | 0.56% | Shares |
| BANK OF AMERICA CORP /DE/ | $520,499 | 96,033 | 0.44% | Shares |
| XTX Topco Ltd | $519,057 | 95,767 | 0.44% | Shares |
| SCS Capital Management LLC | $487,800 | 90,000 | 0.42% | Shares |
| MILLENNIUM MANAGEMENT LLC | $408,164 | 75,307 | 0.35% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $356,273 | 65,733 | 0.30% | Shares |
| Parallel Advisors, LLC | $349,021 | 64,395 | 0.30% | Shares |
| STRS OHIO | $339,292 | 62,600 | 0.29% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $298,642 | 55,100 | 0.26% | Shares |
| BlackRock, Inc. | $267,033 | 49,268 | 0.23% | Shares |
| RHUMBLINE ADVISERS | $263,129 | 48,549 | 0.22% | Shares |
| D. E. Shaw & Co., Inc. | $259,938 | 47,959 | 0.22% | Shares |
| HSBC HOLDINGS PLC | $255,487 | 46,707 | 0.22% | Shares |
| Nuveen, LLC | $255,049 | 47,057 | 0.22% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $223,304 | 41,200 | 0.19% | Shares |
| TWO SIGMA INVESTMENTS, LP | $221,916 | 40,944 | 0.19% | Shares |
| CITADEL ADVISORS LLC | $202,974 | 37,449 | 0.17% | Shares |
| WELLS FARGO & COMPANY/MN | $194,583 | 35,901 | 0.17% | Shares |
| Integrated Quantitative Investments LLC | $190,546 | 35,156 | 0.16% | Shares |
| Graham Capital Management, L.P. | $187,662 | 34,624 | 0.16% | Shares |
| Foster Victor Wealth Advisors, LLC | $181,270 | 35,895 | 0.15% | Shares |
| MORGAN STANLEY | $172,730 | 31,869 | 0.15% | Shares |
| ALGERT GLOBAL LLC | $153,202 | 28,266 | 0.13% | Shares |
| ALLIANCEBERNSTEIN L.P. | $146,578 | 38,880 | 0.13% | Shares |
| Russell Investments Group, Ltd. | $140,714 | 25,962 | 0.12% | Shares |
| BARCLAYS PLC | $140,627 | 25,946 | 0.12% | Shares |
| Bank of New York Mellon Corp | $139,798 | 25,793 | 0.12% | Shares |
| IEQ CAPITAL, LLC | $134,589 | 24,832 | 0.12% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $132,611 | 24,467 | 0.11% | Shares |
| MetLife Investment Management, LLC | $128,833 | 23,770 | 0.11% | Shares |
| WealthTrust Asset Management, LLC | $113,582 | 20,956 | 0.10% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $98,216 | 18,121 | 0.08% | Shares |
| R Squared Ltd | $88,731 | 16,371 | 0.08% | Shares |
| CITIGROUP INC | $87,603 | 16,163 | 0.07% | Shares |
| Point72 Asset Management, L.P. | $87,398 | 16,125 | 0.07% | Shares |
| MARSHALL WACE, LLP | $86,259 | 15,915 | 0.07% | Shares |
| Invesco Ltd. | $84,536 | 15,597 | 0.07% | Shares |
| DIVERSIFIED TRUST CO | $80,871 | 14,921 | 0.07% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $74,310 | 13,968 | 0.06% | Shares |
| Vanguard Global Advisers, LLC | $73,669 | 13,592 | 0.06% | Shares |
| ExodusPoint Capital Management, LP | $73,007 | 13,470 | 0.06% | Shares |
| Cerity Partners LLC | $70,449 | 12,998 | 0.06% | Shares |
| Police & Firemen's Retirement System of New Jersey | $68,308 | 12,603 | 0.06% | Shares |
| BANK OF MONTREAL /CAN/ | $63,712 | 11,755 | 0.05% | Shares |
| Nuveen Asset Management, LLC | $60,362 | 16,583 | 0.05% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $60,124 | 11,093 | 0.05% | Shares |
| Vanguard Personalized Indexing Management, LLC | $56,775 | 10,475 | 0.05% | Shares |
| Cubist Systematic Strategies, LLC | $49,079 | 14,267 | 0.04% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $47,073 | 8,685 | 0.04% | Shares |
| SIGNATUREFD, LLC | $45,707 | 8,433 | 0.04% | Shares |
| FMR LLC | $42,487 | 7,839 | 0.04% | Shares |
| CWM, LLC | $37,764 | 10,017 | 0.03% | Shares |
| Kemnay Advisory Services Inc. | $35,859 | 6,616 | 0.03% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $34,899 | 6,439 | 0.03% | Shares |
| NORTHERN TRUST CORP | $32,824 | 6,056 | 0.03% | Shares |
| Tower Research Capital LLC (TRC) | $31,913 | 5,888 | 0.03% | Shares |
| CONQUIS FINANCIAL LLC | $27,100 | 5,000 | 0.02% | Shares |
| Legal & General Group Plc | $20,393 | 3,766 | 0.02% | Shares |
| JANE STREET GROUP, LLC | $19,946 | 3,680 | 0.02% | Shares |
| Ameritas Investment Partners, Inc. | $18,656 | 3,442 | 0.02% | Shares |
| Arax Advisory Partners | $14,846 | 2,739 | 0.01% | Shares |
| Integrated Wealth Concepts LLC | $13,808 | 2,548 | 0.01% | Shares |
| CALDWELL SUTTER CAPITAL, INC. | $10,840 | 2,000 | 0.01% | Shares |
| FEDERATED HERMES, INC. | $9,843 | 1,816 | 0.01% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $8,539 | 2,265 | 0.01% | Shares |
| ROYAL BANK OF CANADA | $6,000 | 1,169 | 0.01% | Shares |
| ACADIAN ASSET MANAGEMENT LLC | $4,364 | 806,576 | 0.00% | Shares |
| Allworth Financial LP | $3,984 | 735 | 0.00% | Shares |
| CIBC Private Wealth Group LLC | $3,949 | 1,148 | 0.00% | Shares |
| DEUTSCHE BANK AG\ | $3,626 | 669 | 0.00% | Shares |
| IFP Advisors, Inc | $2,444 | 451 | 0.00% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,840 | 488 | 0.00% | Shares |
| Torren Management, LLC | $1,817 | 482 | 0.00% | Shares |
| Point72 (DIFC) Ltd | $1,530 | 445 | 0.00% | Shares |
| COMERICA BANK | $1,205 | 152 | 0.00% | Shares |
| JPMORGAN CHASE & CO | $1,168 | 200 | 0.00% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $1,053 | 185 | 0.00% | Shares |
Company insiders 23 insiders · 12 officers · 12 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Paul Badawi | President and CEO | July 1, 2026 S | 6,122,472 | 0 | 6 | $-770,522 |
| James Rodberg | Chief Financial Officer | July 2, 2026 S | 224,037 | 0 | 6 | $-139,647 |
| Jesse Selnick | Chief Financial Officer | Jan. 4, 2023 F | 403,359 | 0 | 0 | $0 |
| Alison Bauerlein | Chief Operating Officer | July 2, 2026 S | 664,709 | 0 | 6 | $-508,030 |
| Sam Boong Park | Chief Operating Officer | Oct. 1, 2024 S | 254,826 | 0 | 0 | $0 |
| Kashif Rashid | Chief Legal Officer | Aug. 10, 2026 A | 181,818 | 0 | 0 | $0 |
| David Badawi | Chief Technology Officer | July 6, 2026 S | 1,982,872 | 0 | 7 | $-194,189 |
| Jeremy B. Hayden | Chief Legal Officer | July 6, 2026 S | 357,037 | 0 | 8 | $-666,953 |
| Brenton Taylor | EVP, Operations & R&D | July 1, 2026 S | 264,978 | 0 | 5 | $-134,361 |
| Matthew Link | Chief Commercial Officer | July 2, 2025 S | 832,293 | 0 | 0 | $0 |
| Manohar K. Raheja | EVP, Research & Development | May 16, 2025 A | 167,767 | 0 | 0 | $0 |
| Shawn O'Neil | Chief Commercial Officer | Feb. 9, 2022 A | — | 0 | 0 | $0 |
| Staffan Encrantz | Director | June 10, 2026 P | 1,434,283 | 2 | 0 | $184,799 |
| Catherine Mazzacco | Director | June 4, 2026 A | 69,276 | 0 | 0 | $0 |
| Tamara Fountain | Director | June 4, 2026 A | 109,650 | 0 | 0 | $0 |
| Donald Zurbay | Director | June 4, 2026 A | 193,613 | 0 | 0 | $0 |
| Gerhard F Burbach | Director | June 4, 2026 A | 123,207 | 0 | 0 | $0 |
| Brenda Jane Larsen-Becker | Director | June 5, 2025 A | 79,040 | 0 | 0 | $0 |
| Erica J. Rogers | Director | June 5, 2025 A | 175,352 | 0 | 0 | $0 |
| Valeska Schroeder | Director | June 8, 2023 A | 11,940 | 0 | 0 | $0 |
| Mack Hicks | Director | June 8, 2022 A | — | 0 | 0 | $0 |
| Andrew Offer | Director | July 19, 2021 C | 2,355,062 | 0 | 0 | $0 |
| KCK LTD. | 10% owner | July 19, 2021 C | 4,776,232 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 3 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Allegro Investment Fund, L.P., Allegro Investment Inc., Staffan Encrantz | March 13, 2025 | 13.10% | Amendment | Passive investment | SEC |
| Allegro Investment Fund, L.P. (the “Fund”), Allegro Investment Inc. (“AII”), Staffan Encrantz ×3 filings | Dec. 1, 2023 | — | Initial filing | Passive investment | SEC |
| Scientific Health Development II, Ltd., SHD GP II, LLC, SHD Management, LLC, Andrew Offer, Philip J. Romano, J. Stuart Fitts ×2 filings | April 18, 2022 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 21 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 |
|---|---|---|---|---|
| IWC · iShares Trust | 0.07% | 135,927 SH | Aug. 21, 2026 | Daily |
| IWO · iShares Trust | 0.02% | 374,550 SH | Aug. 21, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 1,013,905 SH | Aug. 21, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 226,419 SH | Aug. 19, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 41,952 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 18,391 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 1,970 NS | May 31, 2026 | N-PORT |
| RB · ProShares Trust | 0.01% | 12 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 163,525 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 1,540 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 100,845 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 1,557 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,548 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 39 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 20,000 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 395,983 SH | Aug. 19, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,142,400 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,114 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 2,673 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 10 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | — | 278,634 SH | Aug. 21, 2026 | Daily |