SPRY ARS Pharmaceuticals, Inc. - Common Stock
$6.54
Price · Aug 19, 2026
Fundamentals as of Aug 13, 2026
52W Range
$5–$15
16% of range
Analyst Rating
STRONG BUY
10 analysts
Price Target
$27
+309% upside
P/E (TTM)
-3.8
ROE
-111.8%
Net Profit Margin
-203.3%
About ARS Pharmaceuticals, Inc. - Common Stock Company overview from Wikipedia
SPRY Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$6.54
Market Cap
$649M
P/E (TTM)
-3.8
EPS (TTM)
$-1.74
Revenue (TTM)
$84M
Div Yield
—
ROE
-111.8%
Debt/Equity
—
52W Range
$5 – $15
SPRY 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
$84M
2021-12-31
→
2025-12-31
EPS
$-1.74
2021-12-31
→
2025-12-31
Free Cash Flow
$-171M
2021-12-31
→
2025-12-31
Margins
-203.3%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SPRY
Peer Median
P/E (TTM)
-3.8
19.6
P/S (TTM)
7.7
24.9
P/B
5.7
3.1
Price / FCF
-3.8
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SPRY
Peer Median
Operating Margin
-212.9%
—
Net Profit Margin
-203.3%
-298.0%
ROA
-50.5%
-56.6%
ROE
-111.8%
-70.8%
ROIC
-157.0%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SPRY
Peer Median
Current Ratio
7.3
5.2
Quick Ratio
6.9
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SPRY
Peer Median
Revenue YoY
-5.5%
—
Revenue CAGR 3Y
300.1%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SPRY
Peer Median
SPRY Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
10 analysts
- Strong Buy 5 50.0%
- Buy 4 40.0%
- Hold 1 10.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-14
Median
$27.00
← Below all targets
$6.54
Low
$21.00
High
$32.00
Median target
$27.00
+312.8%
Mean target
$26.75
+309.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.03%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.63 | $-0.50 | -0.13% |
| March 31, 2026 | $-0.61 | $-0.54 | -0.07% |
| Dec. 31, 2025 | $-0.42 | $-0.45 | 0.03% |
| Sept. 30, 2025 | $-0.52 | $-0.48 | -0.04% |
| June 30, 2025 | $-0.46 | $-0.48 | 0.02% |
| March 31, 2025 | $-0.35 | $-0.35 | 0.00% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SPRY | $1.16B | -6.7 | -5.5% | -203.3% | -111.8% | — |
| CBIO | $327M | -24.2 | -86.7% | -1419.6% | -90.0% | — |
| ASMB | $539M | -61.8 | 153.5% | -8.5% | -5.5% | — |
| NVCT | $194M | -5.7 | — | — | -149.9% | — |
| MDXG | $1.00B | 21.2 | 20.0% | 11.6% | 20.5% | 82.6% |
| ALT | $400M | -3.6 | 105.0% | -214861.0% | -45.6% | — |
| PRME | $626M | -2.6 | 55.3% | -4342.4% | -221.4% | — |
| ARTV | — | -1.3 | -99.2% | — | — | — |
| EIKN | — | — | — | — | — | — |
| OVID | $212M | -4.0 | 1181.3% | -240.1% | -18.7% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue | $84M | $89M | $30.0K | $1M | $6M | |
| Cost of Revenue | · | · | $0 | · | · | |
| R&D Expense | $13M | $20M | $20M | $18M | $20M | |
| SG&A Expense | $230M | $72M | $47M | $603.0K | $5M | |
| Operating Expenses | $264M | $92M | $68M | $37M | $25M | |
| Operating Income | $-179M | $-3M | $-68M | $-36M | $-19M | |
| Other Non-op | $8M | $11M | $13M | $974.0K | $-789.0K | |
| Pretax Income | $-171M | $8M | $-54M | · | · | |
| Income Tax | $-80.0K | $288.0K | $0 | $0 | $0 | |
| Net Income | $-171M | $8M | $-54M | $-35M | $-20M | |
| EPS (Basic) | $-1.74 | $0.08 | $-0.57 | $-0.87 | $-0.70 | |
| EPS (Diluted) | $-1.74 | $0.08 | $-0.57 | $-0.87 | $-0.70 | |
| Shares (Basic) | 98,566,481 | 96,936,661 | 95,215,322 | 39,956,043 | 28,872,242 | |
| Shares (Diluted) | 98,566,481 | 102,390,828 | 95,215,322 | 39,956,043 | 28,872,242 | |
| EBITDA | $-179M | $-3M | $-68M | $-35M | $-90M |
Balance Sheet 27
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $41M | $51M | $71M | $211M | $60M | |
| Short-term Investments | $204M | $263M | $157M | $64M | $0 | |
| Receivables | $25M | $8M | $0 | · | · | |
| Inventory | $31M | $11M | $0 | · | · | |
| Prepaid Expense | $6M | $7M | $3M | $3M | $667.0K | |
| Current Assets | $285M | $334M | $232M | $278M | $61M | |
| PP&E (Net) | $2M | $1M | $574.0K | $329.0K | $72.0K | |
| PP&E (Gross) | · | · | $695.0K | $377.0K | $86.0K | |
| Accum. Depreciation | · | $200.0K | $121.0K | $48.0K | $14.0K | |
| Intangibles | $14M | $7M | $0 | · | · | |
| Other Non-current Assets | · | · | · | $0 | · | |
| Total Assets | $328M | $351M | $233M | $281M | $61M | |
| Accounts Payable | $6M | $10M | $759.0K | $2M | $2M | |
| Accrued Liabilities | · | · | · | · | $12M | |
| Short-term Debt | · | · | · | $0 | $3M | |
| Current Liabilities | $39M | $23M | $2M | $5M | $8M | |
| Capital Leases | · | $0 | $37.0K | $251.0K | $480.0K | |
| Total Liabilities | $213M | $94M | $2M | $9M | $17M | |
| Long-term Debt | $96M | $0 | · | · | · | |
| Total Debt | · | · | · | $0 | · | |
| Common Stock | $10.0K | $10.0K | $10.0K | $9.0K | $3.0K | |
| Paid-in Capital | $409M | $380M | $362M | $349M | $11M | |
| Retained Earnings | $-295M | $-123M | $-131M | $-77M | $-42M | |
| AOCI | $125.0K | $220.0K | $49.0K | $407.0K | $0 | |
| Stockholders' Equity | $114M | $257M | $231M | $273M | $-31M | |
| Liabilities + Equity | $328M | $351M | $233M | $281M | $61M | |
| Shares Outstanding | 99,290,926 | 97,954,172 | 96,414,963 | 93,943,316 | 30,369,413 |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| D&A | $1M | $79.0K | $100.0K | $319.0K | $213.0K | |
| Stock-based Comp | $22M | $15M | $9M | $6M | $3M | |
| Deferred Tax | $0 | $0 | $0 | · | · | |
| Amort. of Intangibles | $800.0K | $100.0K | · | · | · | |
| Other Non-cash | · | · | · | $-12M | · | |
| Operating Cash Flow | $-171M | $14M | $-59M | $-40M | $-18M | |
| CapEx | $339.0K | $563.0K | $175.0K | $199.0K | $55.0K | |
| Investing Cash Flow | $57M | $-106M | $-87M | $-199.0K | $-55.0K | |
| Financing Cash Flow | $105M | $72M | $7M | $191M | $53M | |
| Net Change in Cash | $-10M | $-20M | $-140M | $150M | $36M | |
| Taxes Paid | $200.0K | · | · | · | · | |
| Free Cash Flow | $-171M | $13M | $-59M | $-40M | $-68M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Operating Margin | -212.9% | -3.5% | -225066.7% | -2698.8% | -84513.2% | |
| Net Margin | -203.3% | 9.0% | -181216.7% | -2635.4% | -84413.2% | |
| Pretax Margin | -203.4% | 9.3% | · | · | · | |
| EBITDA Margin | -212.9% | -3.5% | -225066.7% | -2674.5% | -84513.2% | |
| ROA | -50.5% | 2.7% | -21.1% | -20.2% | -24.6% | |
| ROE | -111.8% | 3.5% | -23.2% | -31.1% | -27.7% | |
| ROIC | -157.0% | -1.2% | · | · | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Current Ratio | 7.3 | 14.3 | 96.9 | 51.0 | 17.6 | |
| Quick Ratio | 6.9 | 13.7 | 95.5 | 50.4 | 17.1 | |
| Debt / Equity | · | · | · | 0.0 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.3 | 0.0 | 0.0 | 0.0 | |
| Receivables Turnover | 5.0 | 21.8 | · | · | · |
Growth Rates 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue YoY | -5.5% | 297063.3% | -97.7% | -76.1% | · | |
| Revenue CAGR 3Y | 300.1% | 153.0% | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Revenue TTM | $84M | $89M | $30.0K | $1M | $6M | |
| Net Income TTM | $-171M | $8M | $-54M | $-35M | $-20M | |
| Market Cap | $1.16B | $1.03B | $528M | $801M | $234M | |
| Enterprise Value | · | · | · | $527M | · | |
| P/E | -6.7 | 131.9 | -9.6 | -9.8 | -9.5 | |
| P/S | 13.7 | 11.6 | 17611.8 | 608.9 | 42.5 | |
| P/B | 10.1 | 4.0 | 2.3 | 2.9 | 0.7 | |
| P / Tangible Book | 11.6 | 4.1 | 2.3 | 2.9 | · | |
| P / Cash Flow | -6.8 | 76.3 | -8.9 | -20.0 | -3.5 | |
| P / FCF | -6.8 | 79.6 | -8.9 | -19.9 | -3.4 | |
| EV / EBITDA | · | · | · | -15.0 | · | |
| EV / FCF | · | · | · | -13.1 | · | |
| EV / Revenue | · | · | · | 400.4 | · | |
| Earnings Yield | -14.9% | 0.76% | -10.4% | -10.2% | -10.5% |
Income Statement 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34M | $23M | $28M | $33M | $16M | $8M | $87M | $2M | $500.0K | $0 | $0 | $0 | $10.0K | $20.0K | $0 | $189.0K | |
| R&D Expense | $5M | $4M | $3M | $3M | $4M | $3M | $3M | $4M | $7M | $5M | $3M | $3M | $7M | $7M | $5M | $4M | |
| SG&A Expense | $78M | $72M | $60M | $75M | $54M | $41M | $35M | $19M | $9M | $8M | $32M | $15M | $181.0K | $337.0K | $-7M | $3M | |
| Operating Expenses | $95M | $83M | $70M | $86M | $63M | $45M | $39M | $24M | $16M | $13M | $10M | $18M | $21M | $19M | $15M | $7M | |
| Operating Income | $-61M | $-60M | $-41M | $-53M | $-48M | $-37M | $47M | $-22M | $-15M | $-13M | $-10M | $-18M | $-21M | $-19M | $-15M | $-7M | |
| Other Non-op | $-874.0K | $-473.0K | $61.0K | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $1M | $47.0K | |
| Net Income | $-62M | $-61M | $-41M | $-51M | $-45M | $-34M | $50M | $-19M | $-13M | $-10M | $-7M | $-15M | $-17M | $-15M | $-14M | $-7M | |
| EPS (Basic) | $-0.63 | $-0.61 | $-0.41 | $-0.52 | $-0.46 | $-0.35 | $0.52 | $-0.20 | $-0.13 | $-0.11 | $-0.07 | $-0.16 | $-0.18 | $-0.16 | $-0.21 | $-0.21 | |
| EPS (Diluted) | $-0.63 | $-0.61 | $-0.41 | $-0.52 | $-0.46 | $-0.35 | $0.52 | $-0.20 | $-0.13 | $-0.11 | $-0.07 | $-0.16 | $-0.18 | $-0.16 | $-0.21 | $-0.21 | |
| Shares (Basic) | 99,312,526 | 99,296,408 | -196,663,526 | 98,807,600 | 98,361,771 | 98,060,636 | -193,409,837 | 97,032,331 | 96,827,687 | 96,486,480 | -189,499,886 | 95,576,627 | 94,911,268 | 94,227,313 | -51,775,266 | 30,755,123 | |
| Shares (Diluted) | 99,312,526 | 99,296,408 | -196,663,526 | 98,807,600 | 98,361,771 | 98,060,636 | -187,955,670 | 97,032,331 | 96,827,687 | 96,486,480 | -189,499,886 | 95,576,627 | 94,911,268 | 94,227,313 | -51,775,266 | 30,755,123 | |
| EBITDA | $-61M | · | · | $-53M | $-48M | $-37M | · | · | $-15M | $-13M | · | $-18M | $-21M | $-19M | · | $-19M |
Balance Sheet 25
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $8M | $24M | $41M | $60M | $52M | $40M | $51M | $40M | $37M | $56M | $71M | $61M | $119M | $88M | $211M | $203M | |
| Short-term Investments | $136M | $177M | $204M | $229M | $189M | $236M | $263M | $165M | $182M | $168M | $157M | $181M | $133M | $177M | $64M | $63M | |
| Receivables | $47M | $29M | $25M | $36M | $25M | $9M | $8M | $773.0K | · | · | $0 | · | · | · | · | · | |
| Inventory | $31M | $32M | $31M | $21M | $22M | $7M | $11M | $715.0K | · | · | $0 | · | · | · | · | · | |
| Prepaid Expense | $9M | $7M | $6M | $6M | $7M | $12M | $7M | $3M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | |
| Current Assets | $212M | $245M | $285M | $339M | $281M | $304M | $334M | $209M | $221M | $226M | $232M | $244M | $255M | $267M | $278M | $271M | |
| PP&E (Net) | $2M | $2M | $2M | $1M | $1M | $1M | $1M | $843.0K | $636.0K | $616.0K | $574.0K | $617.0K | $594.0K | $584.0K | $329.0K | $15.0K | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | · | $748.0K | · | $726.0K | $682.0K | $652.0K | $377.0K | · | |
| Accum. Depreciation | · | · | · | · | · | · | · | $171.0K | $150.0K | $132.0K | $121.0K | $109.0K | $88.0K | $68.0K | $48.0K | · | |
| Intangibles | $14M | $14M | $14M | $15M | $13M | $7M | $7M | $8M | · | · | $0 | · | · | · | · | · | |
| Other Non-current Assets | · | · | · | · | · | · | · | · | · | · | · | $690.0K | $138.0K | · | · | · | |
| Total Assets | $249M | $288M | $328M | $373M | $313M | $327M | $351M | $218M | $222M | $228M | $233M | $249M | $259M | $271M | $281M | $271M | |
| Accounts Payable | $5M | $5M | $6M | $8M | $16M | $4M | $10M | $8M | $3M | $839.0K | $759.0K | $3M | $2M | $3M | $2M | $126.0K | |
| Accrued Liabilities | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $4M | |
| Current Liabilities | $61M | $50M | $39M | $51M | $46M | $28M | $23M | $17M | $7M | $4M | $2M | $11M | $10M | $10M | $5M | $4M | |
| Capital Leases | · | · | · | $949.0K | $1M | · | · | $0 | $0 | $0 | $37.0K | $92.0K | $146.0K | $199.0K | $251.0K | $0 | |
| Total Liabilities | $237M | $226M | $213M | $225M | $121M | $98M | $94M | $17M | $7M | $4M | $2M | $11M | $10M | $10M | $9M | $4M | |
| Long-term Debt | $97M | $97M | $96M | $96M | · | · | $0 | · | · | · | · | · | · | · | · | · | |
| Common Stock | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | $10.0K | $9.0K | $9.0K | $9.0K | $9.0K | $4.0K | |
| Paid-in Capital | $430M | $417M | $409M | $401M | $394M | $386M | $380M | $374M | $369M | $366M | $362M | $362M | $358M | $353M | $349M | $517M | |
| Retained Earnings | $-418M | $-355M | $-295M | $-253M | $-202M | $-157M | $-123M | $-173M | $-154M | $-142M | $-131M | $-124M | $-109M | $-92M | $-77M | $-248M | |
| AOCI | $-140.0K | $-96.0K | $125.0K | $-7.0K | $-46.0K | $72.0K | $220.0K | $339.0K | $-145.0K | $-124.0K | $49.0K | $-161.0K | $-180.0K | $68.0K | $407.0K | $-2M | |
| Stockholders' Equity | $13M | $61M | $114M | $148M | $192M | $229M | $257M | $201M | $215M | $224M | $231M | $237M | $249M | $261M | $273M | $267M | |
| Liabilities + Equity | $249M | $288M | $328M | $373M | $313M | $327M | $351M | $218M | $222M | $228M | $233M | $249M | $259M | $271M | $281M | $271M | |
| Shares Outstanding | 99,437,865 | 99,300,137 | 99,290,926 | 98,844,178 | 98,697,658 | 98,129,804 | 97,954,172 | 97,147,442 | 96,939,797 | 96,574,049 | 96,414,963 | 95,796,254 | 95,322,953 | 94,448,028 | 93,943,316 | 35,882,653 |
Cash Flow 9
| 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 | $416.0K | $397.0K | $417.0K | $391.0K | $279.0K | $280.0K | $29.0K | $100.0K | $18.0K | $11.0K | $0 | $100.0K | · | · | · | · | |
| Stock-based Comp | $12M | $7M | $6M | $6M | $5M | $5M | $4M | $4M | $3M | $3M | $2M | $3M | $2M | $2M | $5M | $-9M | |
| Amort. of Intangibles | $300.0K | $300.0K | $499.9K | $200.0K | $100.0K | $100.0K | $100.0K | $0 | $0 | $0 | · | · | · | · | · | · | |
| Operating Cash Flow | $-61M | $-45M | $-43M | $-47M | $-40M | $-41M | $42M | $-14M | $-7M | $-7M | $-17M | $-13M | $-17M | $-12M | $-20M | $15M | |
| CapEx | $0 | $0 | $0 | $197.0K | $51.0K | $91.0K | $302.0K | $140.0K | $38.0K | $83.0K | $-91.0K | $43.0K | $30.0K | $193.0K | $126.0K | $-545.0K | |
| Investing Cash Flow | $42M | $28M | $24M | $-45M | $49M | $29M | $-102M | $17M | $-13M | $-9M | $26M | $-47M | $45M | $-112M | $-126.0K | $545.0K | |
| Financing Cash Flow | $3M | $159.0K | $1M | $100M | $3M | $725.0K | $71M | $680.0K | $545.0K | $258.0K | $2M | $921.0K | $3M | $1M | $194M | $-3M | |
| Net Change in Cash | $-16M | $-17M | $-18M | $8M | $12M | $-11M | $11M | $3M | $-19M | $-15M | $10M | $-58M | $31M | $-123M | $173M | $-7M | |
| Free Cash Flow | · | · | · | · | · | $-41M | · | · | · | $-7M | · | · | · | $-13M | · | · |
Profitability 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -182.6% | · | · | -163.7% | -302.9% | -466.3% | · | · | -3068.0% | · | · | · | -206030.0% | -93565.0% | · | -1761.8% | |
| Net Margin | -185.2% | · | · | -157.4% | -285.6% | -425.7% | · | · | -2503.2% | · | · | · | -173700.0% | -74805.0% | · | -1661.8% | |
| EBITDA Margin | -182.6% | · | · | -163.7% | -302.9% | -466.3% | · | · | -3068.0% | · | · | · | -206030.0% | -93565.0% | · | -1761.8% | |
| ROA | -22.1% | · | · | -17.3% | -16.8% | -12.2% | · | · | -5.2% | -4.1% | · | -5.7% | -6.3% | -5.1% | · | -5.7% | |
| ROE | -60.9% | · | · | -29.3% | -22.0% | -15.0% | · | · | -5.4% | -4.2% | · | -5.9% | -6.6% | -5.4% | · | -6.0% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.5 | · | · | 6.7 | 6.2 | 11.0 | · | · | 32.8 | 60.9 | · | 21.9 | 25.4 | 27.2 | · | 67.9 | |
| Quick Ratio | 3.1 | · | · | 6.4 | 5.8 | 10.3 | · | · | 32.5 | 60.2 | · | 21.6 | 25.1 | 26.9 | · | 66.8 |
Efficiency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | · | · | 0.1 | 0.1 | 0.0 | · | · | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Receivables Turnover | 0.9 | · | · | 1.7 | 1.3 | 1.7 | · | · | · | · | · | · | · | · | · | · |
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 | $105M | $79M | · | $58M | $26M | $11M | · | $3M | $510.0K | $30.0K | · | $219.0K | $683.0K | $1M | · | · | |
| Net Income TTM | $-219M | $-191M | · | $-149M | $-110M | $-76M | · | $-57M | $-55M | $-57M | · | $-54M | $-45M | $-35M | · | $-43M | |
| Market Cap | $796M | · | · | $993M | $1.72B | $1.23B | · | · | $825M | $987M | · | $362M | $639M | $615M | · | $189M | |
| P/E | -3.6 | -4.1 | · | -6.6 | -15.3 | -15.9 | · | -24.2 | -14.7 | -16.8 | · | -5.3 | -8.8 | -7.9 | · | -4.0 | |
| P/S | 7.6 | · | · | 17.1 | 65.6 | 117.1 | · | · | 1617.6 | 32899.6 | · | 1653.5 | 935.1 | 460.2 | · | · | |
| P/B | 63.7 | · | · | 6.7 | 9.0 | 5.4 | · | · | 3.8 | 4.4 | · | 1.5 | 2.6 | 2.4 | · | 0.7 | |
| P / Tangible Book | · | 16.9 | · | 7.5 | 9.6 | 5.6 | · | 7.3 | 3.8 | 4.4 | · | 1.5 | 2.6 | 2.4 | · | 0.7 | |
| P / Cash Flow | · | · | · | · | · | -30.3 | · | · | · | -147.1 | · | · | · | -49.5 | · | · | |
| P / FCF | · | · | · | · | · | -30.2 | · | · | · | -145.3 | · | · | · | -48.7 | · | · | |
| Earnings Yield | -27.7% | -24.2% | · | -15.2% | -6.5% | -6.3% | · | -4.1% | -6.8% | -6.0% | · | -18.8% | -11.3% | -12.6% | · | -24.8% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $84M | $89M | $30.0K | $1M | $6M |
| Operating Margin % | -212.9% | -3.5% | -225066.7% | -2698.8% | -84513.2% |
| Net Income | $-171M | $8M | $-54M | $-35M | $-20M |
| Diluted EPS | $-1.74 | $0.08 | $-0.57 | $-0.87 | $-0.70 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 0.0 | — |
| Current Ratio | 7.3 | 14.3 | 96.9 | 51.0 | 17.6 |
| Quick Ratio | 6.9 | 13.7 | 95.5 | 50.4 | 17.1 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-171M | $13M | $-59M | $-40M | $-68M |
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Institutional owners (13F) 225 filers · $631.6M 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 |
|---|---|---|---|---|
| 45 (+7 vs prior Q) | 29 (+6 vs prior Q) | 64 (+5 vs prior Q) | 59 (+4 vs prior Q) | +2.9M |
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 |
|---|---|---|---|---|
| RA CAPITAL MANAGEMENT, L.P. | $86,996,426 | 10,860,977 | 13.77% | Shares |
| Rubric Capital Management LP | $68,412,297 | 8,540,861 | 10.83% | Shares |
| ORBIMED ADVISORS LLC | $66,390,965 | 8,288,510 | 10.51% | Shares |
| DEERFIELD MANAGEMENT COMPANY, L.P. | $60,105,534 | 7,503,812 | 9.52% | Shares |
| Tyro Capital Management LLC | $35,719,289 | 4,459,337 | 5.66% | Shares |
| Aberdeen Group plc | $33,406,738 | 4,170,629 | 5.29% | Shares |
| SR One Capital Management, LP | $32,143,353 | 4,012,903 | 5.09% | Shares |
| STATE STREET CORP | $29,882,290 | 3,730,623 | 4.73% | Shares |
| Capital World Investors | $22,066,997 | 2,754,931 | 3.49% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $20,453,759 | 2,553,528 | 3.24% | Shares |
| MILLENNIUM MANAGEMENT LLC | $19,231,505 | 2,400,937 | 3.04% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $12,828,047 | 1,601,504 | 2.03% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $11,722,344 | 1,463,070 | 1.86% | Shares |
| Nextech Invest Ltd. | $9,882,491 | 936,729 | 1.56% | Shares |
| GENERAL AMERICAN INVESTORS CO INC | $9,075,698 | 1,133,046 | 1.44% | Shares |
| Third Point LLC | $8,010,000 | 1,000,000 | 1.27% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $5,383,833 | 672,139 | 0.85% | Shares |
| Tejara Capital Ltd | $4,862,382 | 607,039 | 0.77% | Shares |
| ADAR1 Capital Management, LLC | $4,814,002 | 600,999 | 0.76% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $4,540,300 | 566,829 | 0.72% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $4,416,842 | 551,416 | 0.70% | Shares |
| LEVIN CAPITAL STRATEGIES, L.P. | $4,397,210 | 548,965 | 0.70% | Shares |
| Empire Life Investments Inc. | $3,779,567 | 471,856 | 0.60% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $3,692,618 | 461,001 | 0.58% | Shares |
| FIL Ltd | $3,649,156 | 455,575 | 0.58% | Shares |
| Eversept Partners, LP | $3,019,826 | 377,007 | 0.48% | Shares |
| K2 PRINCIPAL FUND, L.P. | $3,004,807 | 375,132 | 0.48% | Shares |
| INVESTMENT MANAGEMENT ASSOCIATES INC /ADV | $2,991,663 | 373,491 | 0.47% | Shares |
| FMR LLC | $2,796,692 | 349,150 | 0.44% | Shares |
| Trexquant Investment LP | $2,296,731 | 286,733 | 0.36% | Shares |
| Jump Financial, LLC | $2,044,152 | 255,200 | 0.32% | Shares |
| BANK OF AMERICA CORP /DE/ | $1,838,624 | 229,541 | 0.29% | Shares |
| RAYMOND JAMES FINANCIAL INC | $1,836,493 | 229,275 | 0.29% | Shares |
| FAS Wealth Partners, Inc. | $1,718,202 | 214,507 | 0.27% | Shares |
| GOLDMAN SACHS GROUP INC | $1,559,114 | 194,646 | 0.25% | Shares |
| Quinn Opportunity Partners LLC | $1,401,750 | 175,000 | 0.22% | Shares |
| DAFNA Capital Management LLC | $1,315,923 | 164,285 | 0.21% | Shares |
| Ishara Investments LP | $1,149,355 | 143,490 | 0.18% | Shares |
| MORGAN STANLEY | $1,127,255 | 140,731 | 0.18% | Shares |
| Engineers Gate Manager LP | $1,116,746 | 139,419 | 0.18% | Shares |
| Steward Partners Investment Advisory, LLC | $1,030,086 | 128,600 | 0.16% | Shares |
| AMERICAN ASSETS INC | $1,001,250 | 125,000 | 0.16% | Shares |
| Quantinno Capital Management LP | $996,676 | 124,429 | 0.16% | Shares |
| BARCLAYS PLC | $993,890 | 124,081 | 0.16% | Shares |
| CenterBook Partners LP | $990,228 | 123,624 | 0.16% | Shares |
| MILLENNIUM MANAGEMENT LLC | $961,200 | 120,000 | 0.15% | Call option |
| DIMENSIONAL FUND ADVISORS LP | $925,339 | 115,523 | 0.15% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $922,752 | 115,200 | 0.15% | Call option |
| SEI INVESTMENTS CO | $838,190 | 104,643 | 0.13% | Shares |
| Parkman Healthcare Partners LLC | $822,627 | 102,700 | 0.13% | Shares |
| Swiss National Bank | $757,746 | 94,600 | 0.12% | Shares |
| Kodai Capital Management LP | $756,196 | 60,111 | 0.12% | Shares |
| Corient Private Wealth LP | $733,366 | 91,556 | 0.12% | Shares |
| CITIGROUP INC | $686,016 | 85,645 | 0.11% | Shares |
| VALLEY FORGE INVESTMENT CONSULTANTS INC ADV | $666,633 | 83,225 | 0.11% | Shares |
| RHUMBLINE ADVISERS | $608,660 | 75,989 | 0.10% | Shares |
| Headlands Technologies LLC | $602,985 | 75,279 | 0.10% | Shares |
| AssuredPartners Investment Advisors, LLC | $586,816 | 73,260 | 0.09% | Shares |
| XTX Topco Ltd | $586,228 | 73,187 | 0.09% | Shares |
| Norman Fields, Gottscho Capital Management, LLC | $569,351 | 71,080 | 0.09% | Shares |
| MARSHALL WACE, LLP | $554,748 | 69,257 | 0.09% | Shares |
| Matisse Capital | $539,849 | 67,229 | 0.09% | Shares |
| DIKER MANAGEMENT LLC | $525,000 | 65,508 | 0.08% | Shares |
| Balyasny Asset Management L.P. | $517,911 | 64,658 | 0.08% | Shares |
| Rafferty Asset Management, LLC | $509,228 | 63,574 | 0.08% | Shares |
| Bank of New York Mellon Corp | $484,413 | 60,476 | 0.08% | Shares |
| ALLIANCEBERNSTEIN L.P. | $477,705 | 59,490 | 0.08% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $474,192 | 59,200 | 0.08% | Put option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $467,888 | 58,413 | 0.07% | Shares |
| WELLS FARGO & COMPANY/MN | $450,026 | 56,183 | 0.07% | Shares |
| Coastal Bridge Advisors, LLC | $447,262 | 55,838 | 0.07% | Shares |
| ROYCE & ASSOCIATES LP | $432,732 | 54,024 | 0.07% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $430,874 | 53,658 | 0.07% | Shares |
| TWO SIGMA INVESTMENTS, LP | $419,724 | 52,400 | 0.07% | Shares |
| SCHULHOFF & CO INC | $409,711 | 51,150 | 0.06% | Shares |
| CITADEL ADVISORS LLC | $406,315 | 50,726 | 0.06% | Shares |
| K2 PRINCIPAL FUND, L.P. | $384,480 | 48,000 | 0.06% | Call option |
| AlphaQuest LLC | $384,101 | 32,970 | 0.06% | Shares |
| TUDOR INVESTMENT CORP ET AL | $367,619 | 45,895 | 0.06% | Shares |
| Permanent Capital Management, LP | $347,498 | 43,383 | 0.06% | Shares |
| BlackRock, Inc. | $345,712 | 43,160 | 0.05% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $323,508 | 40,388 | 0.05% | Shares |
| LETKO, BROSSEAU & ASSOCIATES INC | $320,801 | 40,050 | 0.05% | Shares |
| VANGUARD GROUP INC | $317,567 | 27,259 | 0.05% | Shares |
| MetLife Investment Management, LLC | $293,518 | 36,644 | 0.05% | Shares |
| Everstar Asset Management, LLC | $270,193 | 33,732 | 0.04% | Shares |
| VARCOV Co. | $263,889 | 32,945 | 0.04% | Shares |
| WINTON GROUP Ltd | $263,529 | 32,900 | 0.04% | Shares |
| PROFUND ADVISORS LLC | $257,914 | 32,199 | 0.04% | Shares |
| Verition Fund Management LLC | $246,308 | 30,750 | 0.04% | Shares |
| Cresset Asset Management, LLC | $241,518 | 30,152 | 0.04% | Shares |
| SECTORAL ASSET MANAGEMENT INC | $239,499 | 29,900 | 0.04% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $237,096 | 29,600 | 0.04% | Shares |
| ALLSTATE CORP | $236,704 | 29,551 | 0.04% | Shares |
| WOLVERINE TRADING, LLC | $235,866 | 24,266 | 0.04% | Shares |
| WOLVERINE TRADING, LLC | $218,700 | 22,500 | 0.03% | Call option |
| AXQ CAPITAL, LP | $214,195 | 26,741 | 0.03% | Shares |
| Vanguard Global Advisers, LLC | $212,545 | 26,535 | 0.03% | Shares |
| LPL Financial LLC | $209,734 | 26,184 | 0.03% | Shares |
| Private Advisor Group, LLC | $209,002 | 26,092 | 0.03% | Shares |
Company insiders 26 insiders · 10 officers · 14 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Kathleen D. Scott | Chief Financial Officer | Jan. 2, 2024 A | 8,250 | 0 | 0 | $0 |
| Jonathan Piazza | Chief Financial Officer | May 2, 2022 A | 69,225 | 0 | 0 | $0 |
| Donn Casale | President | July 1, 2026 A | — | 0 | 0 | $0 |
| Valerie Odegard | President and CSO | May 2, 2022 A | 61,639 | 0 | 0 | $0 |
| Eric Karas | Chief Commercial Officer | June 12, 2026 M | 12,176 | 0 | 1 | $-250,000 |
| Alexander A Fitzpatrick | Chief Legal Officer | June 12, 2026 S | 90,910 | 0 | 1 | $-33,550 |
| Sarina Tanimoto | Chief Medical Officer | Jan. 2, 2024 A | 2,100,000 | 0 | 0 | $0 |
| Justin Chakma | Chief Business Officer | Jan. 2, 2024 A | 236,380 | 0 | 0 | $0 |
| Naomi Hunder | Chief Medical Officer | May 2, 2022 A | 54,427 | 0 | 0 | $0 |
| Russ Hawkinson | Sr. Vice President of Finance | May 2, 2022 A | 37,251 | 0 | 0 | $0 |
| Michael Kelly | Director | June 24, 2026 A | 83,225 | 0 | 0 | $0 |
| Rajeev Dadoo | Director | June 24, 2026 A | 3,009,677 | 0 | 0 | $0 |
| Pratik Shah | Director | June 24, 2026 A | — | 0 | 0 | $0 |
| Saqib Islam | Director | June 24, 2026 A | — | 0 | 0 | $0 |
| Laura Shawver | Director | June 24, 2026 A | 210,346 | 0 | 0 | $0 |
| Peter A. Thompson | Director | June 24, 2026 A | 0 | 0 | 0 | $0 |
| Brent L Saunders | Director | June 24, 2026 A | — | 0 | 0 | $0 |
| Phillip M Schneider | Director | June 24, 2026 A | — | 0 | 0 | $0 |
| Maria Koehler | Director | June 10, 2022 A | — | 0 | 0 | $0 |
| Andrew Kenneth William Powell | Director | June 10, 2022 A | — | 0 | 0 | $0 |
| Robert Hershberg | Director | June 10, 2022 A | — | 0 | 0 | $0 |
| Vickie L Capps | Director | June 10, 2022 A | 61,576 | 0 | 0 | $0 |
| Jonathan D Root | Director | June 10, 2022 A | 2,364 | 0 | 0 | $0 |
| Thilo Schroeder | Director | Dec. 8, 2020 C | 1,910,029 | 0 | 0 | $0 |
| Brian Dorsey | — | Jan. 2, 2026 A | 10,789 | 0 | 1 | $-190,122 |
| Richard E Lowenthal | — | Jan. 2, 2026 A | 2,100,000 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 8 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 |
|---|---|---|---|---|---|
| RA Capital Management, L.P., Peter Kolchinsky, Rajeev Shah, RA Capital Healthcare Fund, L.P. ×4 filings | Oct. 1, 2025 | 11.10% | Amendment | — | SEC |
| Deerfield Mgmt III, L.P., Deerfield Private Design Fund III, L.P., Deerfield Mgmt IV, L.P., Deerfield Private Design Fund IV, L.P., Deerfield Management Company, L.P., James E. Flynn ×5 filings | Aug. 1, 2025 | 7.75% | Amendment | — | SEC |
| The Pratik Shah Living Trust dated June 15, 2011(1) ×3 filings | June 17, 2024 | — | Initial filing | — | SEC |
| Robert G. Bell ×2 filings | Sept. 1, 2023 | — | Initial filing | — | SEC |
| OrbiMed Advisors LLC, OrbiMed Capital GP VI LLC, OrbiMed Capital LLC ×2 filings | Nov. 30, 2022 | — | Initial filing | — | SEC |
| Richard E. Lowenthal, M.S., MSEL | Nov. 18, 2022 | — | Initial filing | — | SEC |
| Sarina Tanimoto, M.D., M.B.A. | Nov. 18, 2022 | — | Initial filing | — | SEC |
| U.S. Venture Partners XII, L.P. (“USVP XII”), U.S. Venture Partners XII-A, L.P. (“USVP XII-A”), Presidio Management Group XII, L.L.C. (“PMG XII”), Casey M. Tansey, Jonathan D. Root ×2 filings | Jan. 27, 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 34 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 |
|---|---|---|---|---|
| SBIO · ALPS ETF Trust | 0.57% | 102,352 NS | May 31, 2026 | N-PORT |
| LABU · Direxion Shares ETF Trust | 0.20% | 126,616 NS | April 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.05% | 1,513 NS | April 30, 2026 | N-PORT |
| BIB · ProShares Trust | 0.05% | 3,656 NS | May 31, 2026 | N-PORT |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.04% | 5,405 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.03% | 66,043 SH | Aug. 8, 2026 | Daily |
| IBB · iShares Trust | 0.03% | 456,899 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.02% | 564,385 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 25,626 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 2,777 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 310,998 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.01% | 1,576,075 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.01% | 13,569 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 745,809 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 354,157 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.01% | 142,140 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 2,171 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.01% | 24,917 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.01% | 51,570 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 2,195 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 83,389 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.00% | 2,495 SH | Aug. 8, 2026 | Daily |
| ONEQ · Fidelity Commonwealth Trust | 0.00% | 40,147 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,575 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 55 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.00% | 2,822 SH | Aug. 8, 2026 | Daily |
| TILT · FlexShares Trust | 0.00% | 2,544 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 48,109 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 81,652 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 17,672 SH | Aug. 8, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 692 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 6,032 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,749,763 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,489 SH | Aug. 8, 2026 | Daily |