SKIN The Beauty Health Company - Class A Common Stock
$0.62
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$1–$3
3% of range
Analyst Rating
HOLD
14 analysts
Price Target
$1
+69% upside
P/E (TTM)
-3.9
ROE
-14.1%
Net Profit Margin
-3.2%
SKIN Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$0.62
Market Cap
$80M
P/E (TTM)
-3.9
EPS (TTM)
$-0.16
Revenue (TTM)
$301M
Div Yield
—
ROE
-14.1%
Debt/Equity
—
52W Range
$1 – $3
SKIN 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
$301M
2019-12-31
→
2025-12-31
EPS
$-0.16
2019-12-31
→
2025-12-31
Free Cash Flow
$37M
2022-12-31
→
2025-12-31
Margins
-3.2%
2022-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SKIN
Peer Median
P/E (TTM)
-3.9
14.8
P/S (TTM)
0.3
0.7
P/B
1.3
2.9
Price / FCF
2.1
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SKIN
Peer Median
Gross Margin
65.3%
69.3%
Operating Margin
-6.9%
—
Net Profit Margin
-3.2%
4.4%
ROA
-1.6%
6.3%
ROE
-14.1%
14.0%
ROIC
-54.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SKIN
Peer Median
Current Ratio
1.7
2.4
Quick Ratio
0.1
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SKIN
Peer Median
Revenue YoY
-10.0%
—
Revenue CAGR 3Y
-6.3%
—
Revenue CAGR 5Y
20.4%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SKIN
Peer Median
SKIN Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
14 analysts
- Strong Buy 0 0.0%
- Buy 1 7.1%
- Hold 8 57.1%
- Sell 3 21.4%
- Strong Sell 2 14.3%
12-Month Price Target
6 analysts · 2026-08-18
Median
$1.00
← Below all targets
$0.62
Low
$0.85
High
$1.50
Median target
$1.00
+62.3%
Mean target
$1.04
+69.1%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.02 | $-0.02 | 0.00% |
| March 31, 2026 | $-0.05 | $-0.08 | 0.03% |
| Dec. 31, 2025 | $-0.06 | $-0.05 | -0.01% |
| Sept. 30, 2025 | $-0.09 | $-0.07 | -0.02% |
| June 30, 2025 | $0.03 | $-0.05 | 0.08% |
| March 31, 2025 | $-0.08 | $-0.13 | 0.05% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SKIN | $177M | -8.7 | -10.0% | -3.2% | -14.1% | 65.3% |
| MED | $117M | -6.3 | -36.0% | -4.8% | -9.0% | 71.3% |
| FTLF | — | 25.8 | 26.4% | — | — | — |
| LFVN | $163M | 17.4 | 14.2% | 4.3% | 30.4% | 80.4% |
| UPXI | $114M | -1.7 | -39.2% | -86.6% | -29.2% | 68.7% |
| UG | $28M | — | -13.4% | 20.0% | 18.6% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $301M | $334M | $398M | $366M | $260M | $119M | $167M | |
| Cost of Revenue | $104M | $152M | $243M | $117M | $82M | $52M | $60M | |
| Gross Profit | $196M | $182M | $155M | $249M | $179M | $67M | $107M | |
| R&D Expense | $6M | $6M | $10M | $8M | $8M | $3M | $5M | |
| SG&A Expense | $118M | $125M | $131M | $106M | $99M | $31M | $27M | |
| Operating Expenses | $217M | $250M | $286M | $275M | $218M | $84M | $93M | |
| Operating Income | $-21M | $-68M | $-131M | $-26M | $-40M | $-17M | $13M | |
| Interest Expense | · | · | $14M | $13M | $12M | · | · | |
| Interest Income | $9M | $17M | $23M | $9M | $39.0K | · | · | |
| Other Non-op | $19M | $34M | $5M | $-2M | $-4M | $-47.0K | $535.0K | |
| Pretax Income | $-6M | $-30M | $-102M | $45M | $-381M | $-38M | $-3M | |
| Income Tax | $4M | $-452.0K | $-2M | $1M | $-2M | $-9M | $-1M | |
| Net Income | $-10M | $-29M | $-100M | $44M | $-379M | $-29M | $-2M | |
| EPS (Basic) | $-0.08 | $-0.23 | $-0.76 | $0.30 | $-3.71 | $-0.85 | $-0.05 | |
| EPS (Diluted) | $-0.16 | $-0.36 | $-0.76 | $-0.23 | $-3.71 | $-0.85 | $-0.05 | |
| Shares (Basic) | 126,378,509 | 123,827,372 | 131,680,605 | 147,554,090 | 102,114,949 | 34,293,271 | 32,136,203 | |
| Shares (Diluted) | 135,798,202 | 142,492,575 | 131,680,605 | 148,506,312 | 102,114,949 | 34,293,271 | 32,136,203 | |
| EBITDA | $-21M | $-68M | $-131M | $-24M | · | · | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | · | · | $523M | $568M | $902M | $9M | · | |
| Receivables | $22M | $28M | $55M | $76M | $47M | $19M | · | |
| Inventory | $48M | $69M | $91M | $110M | $35M | $23M | · | |
| Prepaid Expense | $5M | $9M | $29M | $28M | $12M | $3M | · | |
| Current Assets | $310M | $477M | $698M | $783M | $1.00B | $59M | · | |
| PP&E (Net) | · | · | · | · | · | $9M | · | |
| Accum. Depreciation | · | · | · | · | · | $4M | · | |
| Goodwill | $127M | $123M | $126M | $125M | $124M | $99M | $99M | |
| Intangibles | $36M | $48M | $62M | $46M | $56M | $51M | · | |
| Other Non-current Assets | $12M | $14M | $16M | $14M | $7M | $5M | · | |
| Total Assets | $500M | $686M | $929M | $1.00B | $1.22B | $223M | · | |
| Accounts Payable | $16M | $22M | $45M | $28M | $29M | $18M | · | |
| Accrued Liabilities | $15M | $20M | $20M | $15M | $15M | $2M | · | |
| Current Liabilities | $186M | $68M | $115M | $72M | $76M | $31M | · | |
| Capital Leases | $9M | $11M | $9M | $13M | $13M | $0 | · | |
| Deferred Tax | $393.0K | $396.0K | $702.0K | $2M | $4M | $4M | · | |
| Other Non-current Liabilities | $2M | $2M | $3M | $0 | $0 | $2M | · | |
| Total Liabilities | $439M | $634M | $870M | $836M | $917M | $253M | · | |
| Long-term Debt | · | $552M | · | · | · | · | · | |
| Common Stock | $13.0K | $12.0K | $12.0K | $14.0K | $16.0K | $4.0K | · | |
| Paid-in Capital | $580M | $567M | $541M | $550M | $722M | $14M | · | |
| Retained Earnings | $-517M | $-508M | $-479M | $-379M | $-419M | $-44M | · | |
| AOCI | $-1M | $-7M | $-3M | $-5M | $-1M | $242.0K | · | |
| Stockholders' Equity | $61M | $52M | $59M | $167M | $298M | $-31M | $-1M | |
| Liabilities + Equity | $500M | $686M | $929M | $1.00B | $1.22B | $223M | · | |
| Shares Outstanding | 127,520,823 | 124,924,185 | 122,899,002 | 132,214,695 | 150,598,047 | 35,501,743 | 32,136,203 |
Cash Flow 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $15M | $27M | $23M | $28M | $12M | $363.0K | $103.0K | |
| Deferred Tax | $2M | $-4M | $-6M | $-2M | $-3M | $-4M | $-5M | |
| Amort. of Intangibles | $17M | $20M | $21M | $15M | $13M | $12M | $13M | |
| Restructuring | · | · | $7M | · | · | · | · | |
| Operating Cash Flow | $37M | $16M | $22M | $-107M | $-28M | $-12M | $2M | |
| CapEx | $303.0K | $756.0K | $4M | $11M | $11M | $4M | $9M | |
| Investing Cash Flow | $-5M | $-7M | $-32M | $-19M | $-38M | $-4M | $-12M | |
| Stock Repurchased | $0 | $0 | $30M | $160M | $0 | $154.0K | $0 | |
| Net Stock Activity | $0 | $0 | $-30M | $-160M | · | · | · | |
| Financing Cash Flow | $-175M | $-158M | $-37M | $-205M | $959M | $18M | $15M | |
| Taxes Paid | $4M | $3M | $2M | $-1M | $2M | $2M | $861.0K | |
| Free Cash Flow | $37M | $15M | $18M | $-117M | · | · | · | |
| Levered FCF | · | · | $5M | · | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 65.3% | 54.5% | 39.0% | 68.4% | · | · | · | |
| Operating Margin | -6.9% | -20.3% | -32.9% | -6.6% | · | · | · | |
| Net Margin | -3.2% | -8.7% | -25.2% | 12.1% | · | · | · | |
| Pretax Margin | -2.0% | -8.8% | -25.6% | 12.3% | · | · | · | |
| EBITDA Margin | -6.9% | -20.3% | -32.9% | -6.6% | · | · | · | |
| ROA | -1.6% | -3.6% | -10.4% | 4.0% | · | · | · | |
| ROE | -14.1% | -52.2% | -134.1% | 21.0% | · | · | · | |
| ROIC | -54.6% | -128.8% | -216.6% | -14.0% | · | · | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 7.0 | 6.1 | 10.8 | · | 5.1 | · | |
| Quick Ratio | 0.1 | 0.4 | 5.0 | 8.8 | · | 4.3 | · | |
| Interest Coverage | · | · | -9.6 | · | · | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.4 | 0.4 | 0.3 | · | · | · | |
| Inventory Turnover | 1.8 | 1.9 | 2.4 | 1.5 | · | · | · | |
| Receivables Turnover | 12.2 | 8.1 | 6.1 | 5.9 | · | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -10.0% | -16.0% | 8.8% | 40.7% | 118.4% | · | · | |
| Revenue CAGR 3Y | -6.3% | 8.7% | 49.5% | · | · | · | · | |
| Revenue CAGR 5Y | 20.4% | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $301M | $334M | $398M | $366M | $260M | $119M | · | |
| Net Income TTM | $-10M | $-29M | $-100M | $44M | $-379M | $-29M | · | |
| Market Cap | $177M | $199M | $382M | $1.20B | · | · | · | |
| P/E | -8.7 | -4.4 | -4.1 | -39.6 | -6.5 | -13.3 | · | |
| P/S | 0.6 | 0.6 | 1.0 | 3.3 | · | · | · | |
| P/B | 2.9 | 3.8 | 6.4 | 7.0 | · | · | · | |
| P / Tangible Book | · | · | · | · | 30.7 | · | · | |
| P / Cash Flow | 4.7 | 12.3 | 17.6 | -11.3 | · | · | · | |
| P / FCF | 4.8 | 12.9 | 21.3 | -10.2 | · | · | · | |
| Earnings Yield | -11.5% | -22.6% | -24.4% | -2.5% | -15.4% | -7.5% | · |
Income Statement 18
| 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 | $72M | $65M | $82M | $71M | $78M | $70M | $83M | $79M | $91M | $81M | $97M | $97M | $117M | $86M | $98M | $89M | |
| Cost of Revenue | $23M | $20M | $29M | $25M | $29M | $21M | $31M | $38M | $50M | $33M | $51M | $110M | $50M | $32M | $32M | $27M | |
| Gross Profit | $49M | $44M | $53M | $46M | $49M | $49M | $52M | $41M | $41M | $48M | $46M | $-13M | $68M | $54M | $66M | $61M | |
| R&D Expense | $1M | $1M | $2M | $2M | $1M | $998.0K | $1M | $1M | $1M | $3M | $3M | $2M | $3M | $2M | $1M | $2M | |
| SG&A Expense | $23M | $22M | $28M | $29M | $27M | $34M | $32M | $33M | $31M | $29M | $29M | $37M | $35M | $30M | $28M | $24M | |
| Operating Expenses | $46M | $46M | $53M | $52M | $52M | $61M | $60M | $62M | $63M | $65M | $64M | $70M | $81M | $71M | $69M | $66M | |
| Operating Income | $4M | $-2M | $162.0K | $-6M | $-3M | $-12M | $-7M | $-22M | $-22M | $-17M | $-18M | $-82M | $-13M | $-17M | $-2M | $-4M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $3M | · | $3M | $3M | $3M | · | $3M | |
| Interest Income | $1M | $1M | $2M | $1M | $3M | $3M | $2M | $5M | $4M | $5M | $6M | $7M | $6M | $4M | $6M | $3M | |
| Other Non-op | $19.0K | $1M | $124.0K | $601.0K | $18M | $60.0K | $88.0K | $69.0K | $17M | $16M | $-137.0K | $5M | $47.0K | $418.0K | $-1M | $-361.0K | |
| Pretax Income | $-1M | $-7M | $-5M | $-11M | $19M | $-9M | $-12M | $-16M | $-151.0K | $-1M | $-9M | $-70M | $1M | $-24M | $6M | $-902.0K | |
| Income Tax | $1M | $-184.0K | $3M | $386.0K | $-993.0K | $892.0K | $-1M | $2M | $-353.0K | $-659.0K | $603.0K | $3M | $-2M | $-4M | $-755.0K | $-821.0K | |
| Net Income | $-3M | $-7M | $-8M | $-11M | $20M | $-10M | $-10M | $-18M | $202.0K | $-679.0K | $-9M | $-74M | $3M | $-20M | $7M | $-81.0K | |
| EPS (Basic) | $-0.02 | $-0.05 | $-0.07 | $-0.09 | $0.16 | $-0.08 | $-0.07 | $-0.15 | $0.00 | $-0.01 | $-0.08 | $-0.56 | $0.03 | $-0.15 | $0.05 | $0.00 | |
| EPS (Diluted) | $-0.02 | $-0.05 | $-0.02 | $-0.09 | $0.03 | $-0.08 | $-0.01 | $-0.15 | $-0.10 | $-0.10 | $-0.08 | $-0.56 | $0.03 | $-0.15 | $-0.01 | $-0.03 | |
| Shares (Basic) | 129,596,886 | 127,792,611 | -251,664,452 | 126,890,888 | 126,072,603 | 125,079,470 | -247,069,453 | 124,057,602 | 123,718,797 | 123,120,426 | -266,352,807 | 132,896,626 | 132,716,024 | 132,420,762 | -304,564,201 | 150,788,695 | |
| Shares (Diluted) | 129,596,886 | 131,399,898 | -256,466,447 | 126,890,888 | 140,294,291 | 125,079,470 | -267,969,985 | 124,057,602 | 141,927,750 | 144,477,208 | -266,352,807 | 132,896,626 | 132,716,024 | 132,420,762 | -307,342,547 | 151,417,710 | |
| EBITDA | $4M | $-2M | · | $-6M | $-3M | $-12M | · | $-22M | $-22M | $-17M | · | $-82M | $-13M | $-17M | · | · |
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 | · | · | · | · | · | · | · | · | · | · | · | $559M | $550M | $532M | · | $684M | |
| Receivables | $18M | $19M | $22M | $22M | $25M | $23M | $28M | $36M | $41M | $48M | · | $67M | $75M | $71M | · | $84M | |
| Inventory | $47M | $48M | $48M | $56M | $59M | $66M | $69M | $73M | $77M | $96M | · | $75M | $107M | $122M | · | $102M | |
| Prepaid Expense | $23M | $5M | $5M | $7M | $8M | $7M | $9M | $16M | $21M | $26M | · | $36M | $31M | $22M | · | $22M | |
| Current Assets | $295M | $278M | $310M | $308M | $306M | $469M | $477M | $485M | $490M | $615M | · | $738M | $768M | $749M | · | $892M | |
| Goodwill | $126M | $126M | $127M | $126M | $126M | $124M | $123M | $125M | $125M | $125M | $126M | $125M | $125M | $125M | · | $123M | |
| Intangibles | $30M | $33M | $36M | $38M | $43M | $46M | $48M | $51M | $54M | $58M | · | $65M | $66M | $71M | · | $47M | |
| Other Non-current Assets | $11M | $11M | $12M | $13M | $13M | $14M | $14M | $15M | $16M | $16M | · | $16M | $16M | $16M | · | $10M | |
| Total Assets | $487M | $473M | $500M | $504M | $508M | $674M | $686M | $700M | $712M | $845M | · | $973M | $1.01B | $995M | · | $1.10B | |
| Accounts Payable | $16M | $16M | $16M | $17M | $23M | $23M | $22M | $23M | $27M | $37M | · | $36M | $29M | $34M | · | $33M | |
| Accrued Liabilities | $32M | $19M | $15M | $19M | $14M | $17M | $20M | $28M | $24M | $24M | · | $30M | $19M | $13M | · | $17M | |
| Current Liabilities | $168M | $155M | $186M | $62M | $59M | $63M | $68M | $74M | $75M | $94M | · | $126M | $83M | $72M | · | $76M | |
| Capital Leases | $18M | $19M | $9M | $11M | $8M | $10M | $11M | $12M | $13M | $14M | · | $10M | $11M | $12M | · | $11M | |
| Deferred Tax | $393.0K | $393.0K | $393.0K | $112.0K | $217.0K | $402.0K | $396.0K | $1M | $1M | $1M | · | $2M | $2M | $3M | · | $4M | |
| Other Non-current Liabilities | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $699.0K | $2M | $3M | · | $410.0K | $979.0K | · | · | · | |
| Total Liabilities | $431M | $418M | $439M | $438M | $434M | $628M | $634M | $640M | $643M | $781M | · | $883M | $846M | $847M | · | $847M | |
| Long-term Debt | · | · | · | $363M | $363M | · | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $13.0K | $12.0K | $12.0K | $12.0K | $12.0K | · | $14.0K | $14.0K | $14.0K | · | $15.0K | |
| Paid-in Capital | $584M | $581M | $580M | $577M | $575M | $570M | $567M | $561M | $553M | $547M | · | $565M | $561M | $555M | · | $643M | |
| Retained Earnings | $-527M | $-524M | $-517M | $-509M | $-498M | $-518M | $-508M | $-498M | $-479M | $-480M | · | $-469M | $-396M | $-404M | · | $-378M | |
| AOCI | $-1M | $-2M | $-1M | $-2M | $-2M | $-6M | $-7M | $-4M | $-5M | $-4M | · | $-5M | $-4M | $-4M | · | $-7M | |
| Stockholders' Equity | $56M | $55M | $61M | $66M | $74M | $46M | $52M | $60M | $69M | $63M | $59M | $90M | $162M | $148M | $167M | $258M | |
| Liabilities + Equity | $487M | $473M | $500M | $504M | $508M | $674M | $686M | $700M | $712M | $845M | · | $973M | $1.01B | $995M | · | $1.10B | |
| Shares Outstanding | 130,104,671 | 129,144,801 | 127,520,823 | 127,301,264 | 126,764,562 | 125,246,286 | 124,924,185 | 124,111,434 | 123,993,785 | 123,453,419 | 122,899,002 | 132,569,193 | 132,881,417 | 132,626,954 | 132,214,695 | 143,201,041 |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $3M | $2M | $4M | $2M | $5M | $3M | $6M | $8M | $6M | $7M | $2M | $8M | $9M | $4M | $8M | $7M | |
| Deferred Tax | · | · | · | · | · | · | $-3M | $2M | $-1M | $-1M | $-6M | $333.0K | $279.0K | $-279.0K | $-2M | $32.0K | |
| Amort. of Intangibles | $4M | $4M | $3M | $7M | $4M | $3M | $4M | $5M | $5M | $5M | $5M | $5M | $7M | $4M | $4M | $5M | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | · | $600.0K | · | · | · | · | |
| Operating Cash Flow | $3M | $-6M | $15M | $10M | $10M | $3M | $16M | $10M | $6M | $-17M | $-5M | $18M | $22M | $-13M | $-5M | $-31M | |
| CapEx | $427.0K | $224.0K | $139.0K | $27.0K | $92.0K | $45.0K | $74.0K | $4.0K | $334.0K | $344.0K | $28.0K | $174.0K | $1M | $2M | $967.0K | $4M | |
| Investing Cash Flow | $-1M | $-2M | $-1M | $-1M | $-2M | $-1M | $-862.0K | $-2M | $-2M | $-2M | $-2M | $-4M | $-3M | $-22M | $-3M | $-8M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | $30M | · | · | · | $80M | · | |
| Financing Cash Flow | $-224.0K | $-21M | $-512.0K | $-803.0K | $-173M | $-250.0K | $-770.0K | $-204.0K | $-99M | $-59M | $-31M | $-2M | $-2M | $-2M | $-102M | $-100M | |
| Taxes Paid | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $670.0K | $-5M | |
| Free Cash Flow | · | $-6M | · | · | · | $3M | · | · | · | $-17M | · | · | · | $-15M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-19M | · | · | · | $-18M | · | · |
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 | 68.4% | 68.5% | · | 64.6% | 62.8% | 69.8% | · | 51.6% | 45.2% | 59.4% | · | -12.9% | 57.8% | 62.7% | · | · | |
| Operating Margin | 5.0% | -2.8% | · | -8.8% | -3.5% | -17.3% | · | -27.3% | -24.4% | -20.9% | · | -84.3% | -11.2% | -20.1% | · | · | |
| Net Margin | -3.7% | -10.2% | · | -15.6% | 25.2% | -14.5% | · | -23.2% | 0.22% | -0.83% | · | -75.8% | 2.9% | -25.8% | · | · | |
| Pretax Margin | -2.0% | -10.5% | · | -15.1% | 23.9% | -13.2% | · | -20.7% | -0.17% | -1.6% | · | -72.2% | 1.0% | -30.1% | · | · | |
| EBITDA Margin | 5.0% | -2.8% | · | -8.8% | -3.5% | -17.3% | · | -27.3% | -24.4% | -20.9% | · | -84.3% | -11.2% | -20.1% | · | · | |
| ROA | -0.54% | -1.2% | · | -1.8% | 3.2% | -1.3% | · | -2.2% | 0.02% | -0.07% | · | -7.1% | 0.30% | -2.0% | · | · | |
| ROE | -4.1% | -13.1% | · | -17.6% | 27.5% | -18.5% | · | -24.4% | 0.17% | -0.64% | · | -42.4% | 1.3% | -9.1% | · | · | |
| ROIC | 11.7% | -3.2% | · | -9.8% | -3.8% | -28.6% | · | -40.3% | 42.8% | -13.6% | · | -95.8% | -23.3% | -10.1% | · | · |
Liquidity & Solvency 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.8 | · | 5.0 | 5.1 | 7.5 | · | 6.6 | 6.5 | 6.6 | · | 5.9 | 9.3 | 10.3 | · | · | |
| Quick Ratio | 0.1 | 0.1 | · | 0.4 | 0.4 | 0.4 | · | 0.5 | 0.5 | 0.5 | · | 5.0 | 7.5 | 8.3 | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -5.6 | · | -23.8 | -3.8 | -5.1 | · | · |
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 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | · | |
| Inventory Turnover | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.3 | · | 0.5 | 0.5 | 0.3 | · | 1.2 | 0.5 | 0.4 | · | · | |
| Receivables Turnover | 3.4 | 3.1 | · | 2.4 | 2.4 | 2.0 | · | 1.5 | 1.6 | 1.4 | · | 1.3 | 1.5 | 1.3 | · | · |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $286M | $283M | · | $297M | $317M | $320M | · | $348M | $387M | $383M | · | $390M | $396M | $354M | · | $336M | |
| Net Income TTM | $-618.0K | $-8M | · | $-20M | $-8M | $-29M | · | $-93M | $-71M | $-91M | · | $-91M | $-11M | $17M | · | $-177M | |
| Market Cap | $90M | $115M | · | $253M | $242M | $168M | · | $179M | $238M | $548M | · | $798M | $1.11B | $1.68B | · | · | |
| P/E | -5.3 | -4.7 | · | -6.9 | -6.4 | -3.1 | · | -1.6 | -2.6 | -5.7 | · | -8.5 | -39.9 | -34.1 | · | -6.4 | |
| P/S | 0.3 | 0.4 | · | 0.9 | 0.8 | 0.5 | · | 0.5 | 0.6 | 1.4 | · | 2.0 | 2.8 | 4.7 | · | · | |
| P/B | 1.6 | 2.1 | · | 3.9 | 3.3 | 3.6 | · | 3.0 | 3.4 | 8.7 | · | 8.9 | 6.9 | 11.3 | · | · | |
| P / Tangible Book | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 19.1 | |
| P / Cash Flow | · | -20.7 | · | · | · | 56.0 | · | · | · | -32.5 | · | · | · | -128.8 | · | · | |
| P / FCF | · | -19.9 | · | · | · | 56.9 | · | · | · | -31.9 | · | · | · | -109.3 | · | · | |
| Earnings Yield | -18.8% | -21.3% | · | -14.6% | -15.7% | -32.1% | · | -63.2% | -38.0% | -17.6% | · | -11.8% | -2.5% | -2.9% | · | -15.7% |
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 | $301M | $334M | $398M | $366M | $260M |
| Gross Margin % | 65.3% | 54.5% | 39.0% | 68.4% | — |
| Operating Margin % | -6.9% | -20.3% | -32.9% | -6.6% | — |
| Net Income | $-10M | $-29M | $-100M | $44M | $-379M |
| Diluted EPS | $-0.16 | $-0.36 | $-0.76 | $-0.23 | $-3.71 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 1.7 | 7.0 | 6.1 | 10.8 | — |
| Quick Ratio | 0.1 | 0.4 | 5.0 | 8.8 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $37M | $15M | $18M | $-117M | — |
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Institutional owners (13F) 106 filers · $43.5M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 16 (-3 vs prior Q) | 29 (+11 vs prior Q) | 24 (-12 vs prior Q) | 38 (+5 vs prior Q) | +3.8M |
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 |
|---|---|---|---|---|
| Capricorn Fund Managers Ltd | $15,426,777 | 22,276,935 | 35.50% | Shares |
| MILLENNIUM MANAGEMENT LLC | $5,219,330 | 7,536,938 | 12.01% | Shares |
| BlackRock, Inc. | $4,994,126 | 7,211,734 | 11.49% | Shares |
| FMR LLC | $3,513,627 | 5,073,830 | 8.09% | Shares |
| UBS Group AG | $2,454,720 | 3,542,164 | 5.65% | Call option |
| VANGUARD CAPITAL MANAGEMENT LLC | $2,423,064 | 3,496,485 | 5.58% | Shares |
| Woodline Partners LP | $1,612,625 | 2,328,700 | 3.71% | Shares |
| Silver Point Capital L.P. | $1,102,481 | 1,592,030 | 2.54% | Shares |
| D. E. Shaw & Co., Inc. | $991,876 | 1,432,312 | 2.28% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $542,945 | 783,607 | 1.25% | Shares |
| Squarepoint Ops LLC | $466,613 | 673,809 | 1.07% | Shares |
| Glendon Capital Management LP | $441,091 | 636,954 | 1.02% | Shares |
| Prescott Group Capital Management, L.L.C. | $400,078 | 577,730 | 0.92% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $344,598 | 497,255 | 0.79% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $284,190 | 410,382 | 0.65% | Shares |
| GRIMES & Co WEALTH MANAGEMENT, LLC | $281,839 | 406,987 | 0.65% | Shares |
| STATE STREET CORP | $268,101 | 387,150 | 0.62% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $252,549 | 364,691 | 0.58% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $226,709 | 327,377 | 0.52% | Shares |
| TUDOR INVESTMENT CORP ET AL | $208,634 | 301,277 | 0.48% | Shares |
| XTX Topco Ltd | $206,310 | 297,921 | 0.47% | Shares |
| Cohen Capital Management, Inc. | $166,947 | 241,079 | 0.38% | Shares |
| NORTHERN TRUST CORP | $139,963 | 202,112 | 0.32% | Shares |
| MARSHALL WACE, LLP | $132,737 | 192,373 | 0.31% | Shares |
| CITADEL ADVISORS LLC | $117,933 | 170,300 | 0.27% | Shares |
| CDC Financial, Inc. | $82,408 | 119,000 | 0.19% | Shares |
| Cubist Systematic Strategies, LLC | $70,530 | 35,442 | 0.16% | Shares |
| Nuveen Asset Management, LLC | $69,531 | 43,730 | 0.16% | Shares |
| Qube Research & Technologies Ltd | $60,908 | 87,954 | 0.14% | Shares |
| Marex Group Ltd | $60,040 | 86,700 | 0.14% | Shares |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC | $52,111 | 75,250 | 0.12% | Shares |
| BANK OF AMERICA CORP /DE/ | $50,216 | 72,567 | 0.12% | Shares |
| VANGUARD GROUP INC | $46,890 | 33,734 | 0.11% | Shares |
| GOLDMAN SACHS GROUP INC | $43,612 | 62,978 | 0.10% | Shares |
| Global Retirement Partners, LLC | $42,866 | 61,900 | 0.10% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $42,151 | 60,868 | 0.10% | Shares |
| SCS Capital Management LLC | $34,625 | 50,000 | 0.08% | Shares |
| IEQ CAPITAL, LLC | $33,701 | 48,666 | 0.08% | Shares |
| JANE STREET GROUP, LLC | $33,586 | 48,500 | 0.08% | Call option |
| KESTRA PRIVATE WEALTH SERVICES, LLC | $32,894 | 47,500 | 0.08% | Shares |
| Point72 Asset Management, L.P. | $32,220 | 46,527 | 0.07% | Shares |
| CWM, LLC | $30,419 | 34,179 | 0.07% | Shares |
| FRANKLIN RESOURCES INC | $25,992 | 37,533 | 0.06% | Shares |
| Graham Capital Management, L.P. | $24,301 | 35,092 | 0.06% | Shares |
| Vanguard Global Advisers, LLC | $23,378 | 33,734 | 0.05% | Shares |
| MTM Investment Management, LLC | $22,160 | 32,000 | 0.05% | Shares |
| Schonfeld Strategic Advisors LLC | $21,468 | 31,001 | 0.05% | Shares |
| Caprock Group, LLC | $20,775 | 30,000 | 0.05% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $20,654 | 22,706 | 0.05% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $17,781 | 25,676 | 0.04% | Shares |
| TWO SIGMA SECURITIES, LLC | $17,559 | 25,356 | 0.04% | Shares |
| RHUMBLINE ADVISERS | $17,353 | 25,079 | 0.04% | Shares |
| Y-Intercept (Hong Kong) Ltd | $15,883 | 22,936 | 0.04% | Shares |
| CITADEL ADVISORS LLC | $15,789 | 22,800 | 0.04% | Call option |
| Balyasny Asset Management L.P. | $15,785 | 22,794 | 0.04% | Shares |
| DEUTSCHE BANK AG\ | $13,598 | 19,707 | 0.03% | Shares |
| Cerity Partners LLC | $12,286 | 17,741 | 0.03% | Shares |
| StoneX Group Inc. | $12,124 | 16,812 | 0.03% | Shares |
| Mariner, LLC | $11,240 | 16,231 | 0.03% | Shares |
| ExodusPoint Capital Management, LP | $10,714 | 15,471 | 0.02% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $10,300 | 14,874 | 0.02% | Shares |
| Skopos Labs, Inc. | $10,200 | 11,460 | 0.02% | Shares |
| Creative Planning | $9,658 | 13,947 | 0.02% | Shares |
| MORGAN STANLEY | $9,088 | 13,124 | 0.02% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $7,098 | 10,250 | 0.02% | Shares |
| Cooper Financial Group | $7,090 | 10,238 | 0.02% | Shares |
| Integrated Wealth Concepts LLC | $7,086 | 10,232 | 0.02% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $5,507 | 6,188 | 0.01% | Shares |
| Arax Advisory Partners | $4,960 | 7,163 | 0.01% | Shares |
| Russell Investments Group, Ltd. | $4,798 | 6,929 | 0.01% | Shares |
| Point72 (DIFC) Ltd | $4,406 | 2,214 | 0.01% | Shares |
| Rockefeller Capital Management L.P. | $3,116 | 4,500 | 0.01% | Shares |
| UBS Group AG | $2,079 | 3,000 | 0.00% | Shares |
| OSAIC HOLDINGS, INC. | $1,967 | 2,851 | 0.00% | Shares |
| JPMORGAN CHASE & CO | $1,819 | 2,553 | 0.00% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $1,174 | 1,695 | 0.00% | Shares |
| Tower Research Capital LLC (TRC) | $1,059 | 1,529 | 0.00% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $1,046 | 1,510 | 0.00% | Shares |
| Optiver Holding B.V. | $1,001 | 1,446 | 0.00% | Shares |
| Allworth Financial LP | $917 | 1,323 | 0.00% | Shares |
| Point72 Europe (London) LLP | $807 | 406 | 0.00% | Shares |
| WELLS FARGO & COMPANY/MN | $623 | 900 | 0.00% | Shares |
| Bogart Wealth, LLC | $529 | 764 | 0.00% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $526 | 797 | 0.00% | Shares |
| RAYMOND JAMES FINANCIAL INC | $517 | 746 | 0.00% | Shares |
| IFP Advisors, Inc | $453 | 654 | 0.00% | Shares |
| True Wealth Design, LLC | $445 | 642 | 0.00% | Shares |
| Essential Partners LLC | $321 | 464 | 0.00% | Shares |
| Federation des caisses Desjardins du Quebec | $215 | 310 | 0.00% | Shares |
| EverSource Wealth Advisors, LLC | $143 | 207 | 0.00% | Shares |
| ROTHSCHILD INVESTMENT LLC | $122 | 176 | 0.00% | Shares |
| PNC Financial Services Group, Inc. | $100 | 144 | 0.00% | Shares |
| Farther Finance Advisors, LLC | $84 | 119 | 0.00% | Shares |
| Silicon Valley Capital Partners | $50 | 56 | 0.00% | Shares |
| PRICE T ROWE ASSOCIATES INC /MD/ | $49 | 69,430 | 0.00% | Shares |
| Elequin Capital, LP | $45 | 65 | 0.00% | Shares |
| SJS Investment Consulting Inc. | $32 | 46 | 0.00% | Shares |
| ACADIAN ASSET MANAGEMENT LLC | $11 | 16,557 | 0.00% | Shares |
| BARCLAYS PLC | $2 | 2 | 0.00% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $1 | 2 | 0.00% | Shares |
Company insiders 5 insiders · 4 officers · 2 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Clinton E. Carnell | Chief Executive Officer | May 6, 2021 A | — | 0 | 0 | $0 |
| Liyuan Woo | Chief Financial Officer | May 6, 2021 A | — | 0 | 0 | $0 |
| Daniel Copell Watson | Executive Vice President Americas Sales | May 6, 2021 A | — | 0 | 0 | $0 |
| Brent L Saunders | Executive Chairman | May 6, 2021 A | 11,500,000 | 0 | 0 | $0 |
| MONAHAN MICHAEL P. | — | Aug. 10, 2026 F | 1,955,280 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 2 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 |
|---|---|---|---|---|---|
| LCP Edge Holdco, LLC, Linden Capital III LLC, Linden Manager III LP, Linden Capital Partners III LP, Linden Capital Partners III-A LP, Anthony Davis, Brian Miller ×3 filings | May 11, 2026 | 25.74% | Amendment | — | SEC |
| LCP Edge Holdco LLC (2), Linden Capital III LLC (2), Linden Manager III LP (2), Linden Capital Partners III-A LP (2), Anthony Davis (2), Brian Miller (2) ×3 filings | July 19, 2021 | — | 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 10 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 |
|---|---|---|---|---|
| GSSC · Goldman Sachs ETF Trust | 0.01% | 132,145 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.00% | 50,293 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.00% | 5,447 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 410,659 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 4,259 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 4,303 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 108 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,888 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 925,221 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 2,483,652 SH | Aug. 8, 2026 | Daily |