SPT Sprout Social, Inc - Class A Common Stock
$10.09
Price · Aug 19, 2026
Fundamentals as of Aug 7, 2026
52W Range
$5–$16
47% of range
Analyst Rating
HOLD
14 analysts
Price Target
$10
+4% upside
P/E (TTM)
-15.2
ROE
-22.3%
Net Profit Margin
-9.5%
SPT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$10.09
Market Cap
—
P/E (TTM)
-15.2
EPS (TTM)
$-0.74
Revenue (TTM)
$458M
Div Yield
—
ROE
-22.3%
Debt/Equity
—
52W Range
$5 – $16
SPT 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
$458M
2018-12-31
→
2025-12-31
EPS
$-0.74
2020-12-31
→
2025-12-31
Free Cash Flow
$39M
2021-12-31
→
2025-12-31
Margins
-9.5%
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
SPT
Peer Median
P/E (TTM)
-15.2
69.0
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SPT
Peer Median
Gross Margin
77.6%
64.6%
Operating Margin
-9.5%
—
Net Profit Margin
-9.5%
2.4%
ROA
-9.1%
2.4%
ROE
-22.3%
4.4%
ROIC
-21.6%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SPT
Peer Median
Current Ratio
0.9
1.9
Quick Ratio
0.8
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SPT
Peer Median
Revenue YoY
12.7%
—
Revenue CAGR 3Y
21.7%
—
Revenue CAGR 5Y
28.0%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SPT
Peer Median
SPT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 3 21.4%
- Buy 4 28.6%
- Hold 6 42.9%
- Sell 1 7.1%
- Strong Sell 0 0.0%
12-Month Price Target
9 analysts · 2026-08-17
Median
$11.00
Now
$10.09
Low
$7.00
High
$14.00
Median target
$11.00
+9.0%
Mean target
$10.44
+3.5%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.06%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.26 | $0.16 | 0.10% |
| March 31, 2026 | $0.23 | $0.16 | 0.07% |
| Dec. 31, 2025 | $0.20 | $0.16 | 0.04% |
| Sept. 30, 2025 | $0.23 | $0.16 | 0.07% |
| June 30, 2025 | $0.18 | $0.15 | 0.03% |
| March 31, 2025 | $0.22 | $0.15 | 0.07% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SPT | — | -15.2 | 12.7% | -9.5% | -22.3% | 77.6% |
| MITK | $446M | 51.4 | 4.4% | 4.9% | 3.8% | — |
| DSP | — | 33.4 | 19.0% | 2.4% | 12.3% | — |
| DJCO | $840M | 5.7 | 25.4% | 127.9% | 30.9% | — |
| PAR | $1.47B | -17.4 | 30.2% | -18.5% | -10.0% | 43.5% |
| CCSI | $414M | 5.0 | -0.20% | 24.2% | -1330.5% | 79.8% |
| BTBT | $613M | -6.1 | 5.1% | -70.7% | -14.1% | — |
| YEXT | $880M | 102.3 | 6.1% | 8.5% | 24.3% | 74.5% |
| OOMA | $322M | 51.1 | 6.5% | 2.4% | 7.1% | 61.1% |
| WEAV | $595M | -20.5 | 17.0% | -11.7% | -34.8% | 72.1% |
| ABTC | — | -10.0 | 158.8% | -82.7% | -30.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $458M | $406M | $334M | $254M | $188M | $133M | $103M | |
| Cost of Revenue | $103M | $91M | $76M | $60M | $47M | $35M | $28M | |
| Gross Profit | $355M | $314M | $257M | $194M | $141M | $98M | $75M | |
| R&D Expense | $101M | $103M | $80M | $61M | $40M | $30M | $28M | |
| SG&A Expense | $106M | $88M | $79M | $61M | $45M | $40M | $38M | |
| Operating Expenses | $398M | $375M | $327M | $246M | $169M | $130M | $122M | |
| Operating Income | $-43M | $-60M | $-69M | $-52M | $-28M | $-32M | $-47M | |
| Interest Expense | $3M | $4M | $3M | $153.0K | $300.0K | $366.0K | $270.0K | |
| Interest Income | $3M | $4M | $7M | $3M | $259.0K | $617.0K | $307.0K | |
| Other Non-op | $-204.0K | $-1M | $-768.0K | $-580.0K | $-361.0K | $223.0K | $490.0K | |
| Pretax Income | $-43M | $-61M | $-66M | $-50M | $-28M | $-32M | $-47M | |
| Income Tax | $587.0K | $670.0K | $649.0K | $366.0K | $211.0K | $127.0K | $66.0K | |
| Net Income | $-43M | $-62M | $-66M | $-50M | $-29M | $-32M | $-47M | |
| EPS (Diluted) | $-0.74 | $-1.09 | $-1.19 | $-0.92 | $-0.53 | $-0.62 | · | |
| Shares (Diluted) | 58,625,925 | 56,935,910 | 55,664,404 | 54,611,616 | 53,768,301 | 51,368,737 | · | |
| EBITDA | $-43M | $-60M | $-69M | $-52M | $-28M | · | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $95M | $86M | $50M | $80M | $107M | $115M | $135M | |
| Short-term Investments | · | · | · | · | $70M | $49M | $0 | |
| Receivables | $101M | $84M | $63M | $36M | $25M | $17M | $11M | |
| Prepaid Expense | $14M | $16M | $10M | $6M | $6M | $10M | $5M | |
| Current Assets | $237M | $210M | $196M | $235M | $223M | $199M | $157M | |
| PP&E (Net) | $10M | $11M | $11M | $12M | $13M | $15M | $14M | |
| PP&E (Gross) | $28M | $32M | $29M | $28M | $26M | $25M | $21M | |
| Accum. Depreciation | $18M | $21M | $18M | $16M | $13M | $10M | $7M | |
| Goodwill | $167M | $121M | $121M | $2M | $2M | $2M | $2M | |
| Intangibles | $40M | $22M | $28M | $2M | $3M | $4M | $5M | |
| Other Non-current Assets | $2M | $967.0K | $1M | $64.0K | $126.0K | $138.0K | $125.0K | |
| Total Assets | $523M | $428M | $397M | $294M | $265M | $240M | $190M | |
| Accounts Payable | $10M | $7M | $7M | $5M | $3M | $2M | $2M | |
| Accrued Liabilities | $17M | $11M | $11M | $14M | $11M | $7M | $5M | |
| Current Liabilities | $256M | $221M | $181M | $133M | $98M | $64M | $43M | |
| Capital Leases | $12M | $15M | $15M | $18M | $21M | $24M | $18M | |
| Other Non-current Liabilities | $11M | $351.0K | $351.0K | $0 | · | · | · | |
| Total Liabilities | $320M | $262M | $252M | $152M | $120M | $88M | $61M | |
| Long-term Debt | $40M | $25M | $55M | $0 | · | · | · | |
| Paid-in Capital | $639M | $558M | $472M | $401M | $352M | $328M | $264M | |
| Retained Earnings | $-398M | $-354M | $-292M | $-226M | $-176M | $-147M | $-115M | |
| Treasury Stock | $38M | $37M | $35M | $33M | $31M | $29M | $20M | |
| AOCI | $0 | $3.0K | $-77.0K | $-369.0K | $0 | · | · | |
| Stockholders' Equity | $203M | $167M | $144M | $142M | $145M | $152M | $128M | |
| Liabilities + Equity | $523M | $428M | $397M | $294M | $265M | $240M | $190M |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $79M | $84M | $68M | $48M | $22M | $11M | $25M | |
| Deferred Tax | $-591.0K | $0 | $-171.0K | $0 | · | · | · | |
| Amort. of Intangibles | $7M | $6M | $4M | $1M | $1M | $1M | $2M | |
| Restructuring | $3M | $3M | · | · | · | · | · | |
| Operating Cash Flow | $43M | $26M | $6M | $11M | $15M | $-11M | $-14M | |
| CapEx | $4M | $3M | $2M | $2M | $926.0K | $4M | $760.0K | |
| Investing Cash Flow | $-52M | $41M | $-87M | $-38M | $-22M | $-54M | $-760.0K | |
| Stock Issued | · | · | · | $0 | $0 | $42M | $0 | |
| Net Stock Activity | · | · | · | $0 | $0 | · | · | |
| Financing Cash Flow | $16M | $-30M | $54M | $-193.0K | $-100.0K | $44M | $124M | |
| Net Change in Cash | $7M | $37M | $-26M | $-27M | $-7M | $-21M | $109M | |
| Taxes Paid | $1M | $800.0K | $700.0K | $211.0K | $127.0K | $66.0K | $22.0K | |
| Free Cash Flow | $39M | $23M | $4M | $9M | $14M | · | · | |
| Levered FCF | $37M | $20M | $2M | $9M | $14M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.6% | 77.5% | 77.1% | 76.4% | 75.1% | · | · | |
| Operating Margin | -9.5% | -14.9% | -20.8% | -20.4% | -14.9% | · | · | |
| Net Margin | -9.5% | -15.3% | -19.9% | -19.8% | -15.3% | · | · | |
| Pretax Margin | -9.3% | -15.1% | -19.7% | -19.7% | -15.2% | · | · | |
| EBITDA Margin | -9.5% | -14.9% | -20.8% | -20.4% | -14.9% | · | · | |
| ROA | -9.1% | -15.0% | -19.2% | -18.0% | -11.4% | · | · | |
| ROE | -22.3% | -38.2% | -46.0% | -35.6% | -19.6% | · | · | |
| ROIC | -21.6% | -36.6% | -48.5% | -36.6% | -19.5% | · | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 1.0 | 1.1 | 1.8 | 2.3 | · | · | |
| Quick Ratio | 0.8 | 0.8 | 0.6 | 0.9 | 2.1 | · | · | |
| Interest Coverage | -17.4 | -17.1 | -25.2 | -337.8 | -93.6 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.0 | 1.0 | 1.0 | 0.9 | 0.7 | · | · | |
| Receivables Turnover | 4.9 | 5.5 | 6.7 | 8.3 | 8.8 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 12.7% | 21.7% | 31.4% | 35.1% | 41.3% | · | · | |
| Revenue CAGR 3Y | 21.7% | 29.3% | 35.9% | · | · | · | · | |
| Revenue CAGR 5Y | 28.0% | · | · | · | · | · | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $458M | $406M | $334M | $254M | $188M | $133M | $103M | |
| Net Income TTM | $-43M | $-62M | $-66M | $-50M | $-29M | $-32M | $-47M | |
| P/E | -15.2 | -28.2 | -51.6 | -61.4 | -171.1 | -73.2 | · | |
| Earnings Yield | -6.6% | -3.5% | -1.9% | -1.6% | -0.58% | -1.4% | · |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $124M | $121M | $121M | $116M | $112M | $109M | $107M | $103M | $99M | $97M | $94M | $86M | $79M | $75M | $70M | $65M | |
| Cost of Revenue | $28M | $28M | $27M | $26M | $25M | $25M | $23M | $23M | $22M | $22M | $21M | $20M | $18M | $17M | $15M | $15M | |
| Gross Profit | $96M | $94M | $94M | $90M | $87M | $84M | $84M | $79M | $77M | $74M | $73M | $65M | $61M | $58M | $54M | $50M | |
| R&D Expense | $27M | $27M | $28M | $25M | $25M | $23M | $28M | $26M | $25M | $24M | $23M | $20M | $19M | $18M | $17M | $16M | |
| SG&A Expense | $25M | $24M | $28M | $27M | $26M | $25M | $24M | $23M | $22M | $19M | $21M | $25M | $18M | $15M | $15M | $16M | |
| Operating Expenses | $99M | $99M | $105M | $99M | $99M | $96M | $97M | $96M | $94M | $88M | $91M | $90M | $76M | $70M | $67M | $64M | |
| Operating Income | $-3M | $-6M | $-11M | $-9M | $-12M | $-11M | $-14M | $-17M | $-17M | $-13M | $-18M | $-24M | $-15M | $-12M | $-13M | $-14M | |
| Interest Expense | $618.0K | $667.0K | $817.0K | $761.0K | $409.0K | $514.0K | $656.0K | $851.0K | $972.0K | $1M | $2M | $1M | $35.0K | $28.0K | $25.0K | $29.0K | |
| Interest Income | $843.0K | $751.0K | $718.0K | $859.0K | $946.0K | $895.0K | $878.0K | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $1M | $728.0K | |
| Other Non-op | $-291.0K | $-163.0K | $-98.0K | $-294.0K | $356.0K | $-168.0K | $-620.0K | $-110.0K | $-257.0K | $-406.0K | $-118.0K | $-293.0K | $-148.0K | $-209.0K | $-22.0K | $-160.0K | |
| Pretax Income | $-3M | $-6M | $-11M | $-9M | $-11M | $-11M | $-14M | $-17M | $-17M | $-14M | $-19M | $-24M | $-13M | $-10M | $-12M | $-14M | |
| Income Tax | $354.0K | $411.0K | $-281.0K | $74.0K | $563.0K | $231.0K | $342.0K | $254.0K | $203.0K | $-129.0K | $1M | $-980.0K | $125.0K | $102.0K | $109.0K | $87.0K | |
| Net Income | $-3M | $-6M | $-11M | $-9M | $-12M | $-11M | $-14M | $-17M | $-17M | $-14M | $-20M | $-23M | $-13M | $-10M | $-12M | $-14M | |
| EPS (Diluted) | $-0.05 | $-0.11 | $-0.18 | $-0.16 | $-0.21 | $-0.19 | $-0.25 | $-0.30 | $-0.30 | $-0.24 | $-0.35 | $-0.41 | $-0.24 | $-0.19 | $-0.22 | $-0.25 | |
| Shares (Diluted) | 60,242,258 | 59,735,864 | -116,556,026 | 58,930,087 | 58,360,966 | 57,890,898 | -113,287,190 | 57,179,710 | 56,699,148 | 56,344,242 | -110,842,650 | 55,831,230 | 55,499,399 | 55,176,425 | -108,885,639 | 54,716,770 | |
| EBITDA | $-3M | $-6M | · | $-9M | $-12M | $-11M | · | $-17M | $-17M | $-13M | · | $-24M | $-15M | $-12M | · | $-14M |
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 | $120M | $112M | $95M | $91M | $102M | $101M | $86M | $83M | $81M | $69M | $50M | $41M | $74M | $78M | $80M | $95M | |
| Receivables | $78M | $69M | $101M | $64M | $67M | $65M | $84M | $54M | $59M | $50M | · | $45M | $42M | $37M | · | $27M | |
| Prepaid Expense | $15M | $17M | $14M | $16M | $16M | $19M | $16M | $15M | $15M | $18M | · | $13M | $13M | $11M | · | $8M | |
| Current Assets | $242M | $226M | $237M | $195M | $208M | $208M | $210M | $179M | $183M | $178M | · | $196M | $259M | $246M | · | $225M | |
| PP&E (Net) | $10M | $10M | $10M | $10M | $10M | $11M | $11M | $11M | $11M | $12M | · | $11M | $11M | $12M | · | $12M | |
| PP&E (Gross) | · | · | $28M | · | · | · | $32M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $18M | · | · | · | $21M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $167M | $167M | $167M | $167M | $121M | $121M | $121M | $121M | $121M | $121M | · | $123M | $9M | $9M | · | $2M | |
| Intangibles | $35M | $37M | $40M | $42M | $19M | $21M | $22M | $23M | $25M | $26M | · | $30M | $3M | $3M | · | $2M | |
| Other Non-current Assets | $3M | $3M | $2M | $2M | $1M | $962.0K | $967.0K | $1M | $992.0K | $1M | · | $1M | $53.0K | $66.0K | · | $48.0K | |
| Total Assets | $522M | $509M | $523M | $481M | $423M | $425M | $428M | $389M | $394M | $390M | · | $400M | $324M | $310M | · | $279M | |
| Accounts Payable | $11M | $9M | $10M | $9M | $11M | $7M | $7M | $8M | $10M | $6M | · | $12M | $9M | $6M | · | $7M | |
| Accrued Liabilities | $15M | $16M | $17M | $18M | $9M | $13M | $11M | $10M | $10M | $9M | · | $11M | $16M | $15M | · | $13M | |
| Current Liabilities | $236M | $237M | $256M | $219M | $209M | $214M | $221M | $187M | $187M | $182M | · | $163M | $158M | $146M | · | $119M | |
| Capital Leases | $11M | $11M | $12M | $13M | $13M | $14M | $15M | $13M | $13M | $14M | · | $16M | $16M | $17M | · | $19M | |
| Other Non-current Liabilities | $13M | $11M | $11M | $11M | $348.0K | $348.0K | $351.0K | $351.0K | $351.0K | $351.0K | · | $477.0K | $477.0K | $477.0K | · | · | |
| Total Liabilities | $294M | $293M | $320M | $287M | $238M | $249M | $262M | $231M | $241M | $243M | · | $255M | $175M | $165M | · | $139M | |
| Long-term Debt | · | · | $40M | · | · | · | $25M | · | · | · | · | · | · | · | · | · | |
| Paid-in Capital | $674M | $657M | $639M | $619M | $600M | $578M | $558M | $535M | $512M | $490M | · | $452M | $433M | $415M | · | $387M | |
| Retained Earnings | $-407M | $-404M | $-398M | $-387M | $-378M | $-366M | $-354M | $-340M | $-323M | $-306M | · | $-272M | $-249M | $-236M | · | $-214M | |
| Treasury Stock | $38M | $38M | $38M | $38M | $37M | $37M | $37M | $37M | $37M | $37M | · | $35M | $34M | $34M | · | $32M | |
| AOCI | $0 | $0 | $0 | $0 | $0 | $1.0K | $3.0K | $6.0K | $-29.0K | $-48.0K | · | $-289.0K | $-394.0K | $-291.0K | · | $-490.0K | |
| Stockholders' Equity | $229M | $215M | $203M | $194M | $185M | $175M | $167M | $158M | $152M | $147M | $144M | $145M | $149M | $145M | $142M | $140M | |
| Liabilities + Equity | $522M | $509M | $523M | $481M | $423M | $425M | $428M | $389M | $394M | $390M | · | $400M | $324M | $310M | · | $279M |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $16M | $18M | $20M | $19M | $20M | $20M | $22M | $23M | $21M | $18M | $19M | $19M | $16M | $14M | $14M | $13M | |
| Amort. of Intangibles | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $1M | $372.0K | $366.0K | $257.0K | $261.0K | |
| Restructuring | · | · | $0 | $0 | $0 | $3M | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $8M | $25M | $11M | $9M | $5M | $18M | $4M | $9M | $2M | $11M | $-3M | $-6M | $6M | $8M | $3M | $1M | |
| CapEx | $621.0K | $1M | $1M | $787.0K | $908.0K | $1M | $888.0K | $477.0K | $493.0K | $1M | $629.0K | $800.0K | $261.0K | $383.0K | $397.0K | $514.0K | |
| Investing Cash Flow | $-621.0K | $-1M | $-3M | $-51M | $92.0K | $1M | $4M | $3M | $13M | $20M | $32M | $-101M | $-9M | $-9M | $-19M | $26M | |
| Financing Cash Flow | $465.0K | $-8M | $-4M | $29M | $-5M | $-5M | $-5M | $-10M | $-4M | $-11M | $-20M | $74M | $1M | $-1M | $697.0K | $-343.0K | |
| Net Change in Cash | $8M | $16M | $5M | $-13M | $640.0K | $14M | $4M | $2M | $11M | $20M | $10M | $-33M | $-1M | $-2M | $-15M | $27M | |
| Free Cash Flow | · | $24M | · | · | · | $17M | · | · | · | $10M | · | · | · | $8M | · | · | |
| Levered FCF | · | $23M | · | · | · | $16M | · | · | · | $9M | · | · | · | $8M | · | · |
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 | 77.6% | 77.0% | · | 77.7% | 77.7% | 77.3% | · | 77.4% | 77.5% | 76.8% | · | 76.4% | 77.0% | 77.6% | · | 76.5% | |
| Operating Margin | -2.2% | -4.8% | · | -7.9% | -11.0% | -10.2% | · | -16.4% | -16.6% | -13.7% | · | -28.3% | -18.8% | -15.9% | · | -22.0% | |
| Net Margin | -2.5% | -5.2% | · | -8.1% | -10.7% | -10.3% | · | -16.7% | -17.0% | -14.0% | · | -26.9% | -16.5% | -13.6% | · | -21.3% | |
| Pretax Margin | -2.2% | -4.9% | · | -8.1% | -10.2% | -10.1% | · | -16.4% | -16.8% | -14.2% | · | -28.1% | -16.3% | -13.5% | · | -21.2% | |
| EBITDA Margin | -2.2% | -4.8% | · | -7.9% | -11.0% | -10.2% | · | -16.4% | -16.6% | -13.7% | · | -28.3% | -18.8% | -15.9% | · | -22.0% | |
| ROA | -0.65% | -1.4% | · | -2.2% | -2.9% | -2.8% | · | -4.3% | -4.7% | -3.9% | · | -6.8% | -4.4% | -3.5% | · | -5.3% | |
| ROE | -1.5% | -3.2% | · | -5.3% | -7.1% | -7.0% | · | -11.3% | -11.2% | -9.3% | · | -16.2% | -9.0% | -7.1% | · | -9.7% | |
| ROIC | -1.3% | -2.9% | · | -4.7% | -7.0% | -6.5% | · | -10.8% | -11.0% | -8.9% | · | -16.0% | -10.1% | -8.3% | · | -10.4% |
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 | 1.0 | 1.0 | · | 0.9 | 1.0 | 1.0 | · | 1.0 | 1.0 | 1.0 | · | 1.2 | 1.6 | 1.7 | · | 1.9 | |
| Quick Ratio | 0.8 | 0.8 | · | 0.7 | 0.8 | 0.8 | · | 0.7 | 0.7 | 0.7 | · | 0.5 | 0.7 | 0.8 | · | 1.0 | |
| Interest Coverage | -4.3 | -8.8 | · | -12.0 | -30.1 | -21.8 | · | -19.8 | -17.0 | -12.7 | · | -21.1 | -426.2 | -426.2 | · | -496.0 |
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 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | 0.3 | 0.3 | · | 0.2 | |
| Receivables Turnover | 1.7 | 1.8 | · | 2.0 | 1.8 | 1.9 | · | 2.1 | 2.0 | 2.2 | · | 2.4 | 2.4 | 2.5 | · | 3.1 |
Valuation (TTM) 4
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $473M | $458M | · | $439M | $423M | $408M | · | $384M | $361M | $337M | · | $305M | $281M | $259M | · | $233M | |
| Net Income TTM | $-31M | $-39M | · | $-50M | $-57M | $-59M | · | $-71M | $-67M | $-60M | · | $-60M | $-52M | $-49M | · | $-45M | |
| P/E | -14.2 | -8.5 | · | -15.0 | -20.9 | -21.3 | · | -23.3 | -30.0 | -55.3 | · | -45.8 | -48.6 | -68.4 | · | -73.1 | |
| Earnings Yield | -7.0% | -11.8% | · | -6.7% | -4.8% | -4.7% | · | -4.3% | -3.3% | -1.8% | · | -2.2% | -2.1% | -1.5% | · | -1.4% |
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 | $458M | $406M | $334M | $254M | $188M |
| Gross Margin % | 77.6% | 77.5% | 77.1% | 76.4% | 75.1% |
| Operating Margin % | -9.5% | -14.9% | -20.8% | -20.4% | -14.9% |
| Net Income | $-43M | $-62M | $-66M | $-50M | $-29M |
| Diluted EPS | $-0.74 | $-1.09 | $-1.19 | $-0.92 | $-0.53 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 0.9 | 1.0 | 1.1 | 1.8 | 2.3 |
| Quick Ratio | 0.8 | 0.8 | 0.6 | 0.9 | 2.1 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $39M | $23M | $4M | $9M | $14M |
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Institutional owners (13F) 215 filers · $366.0M 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 |
|---|---|---|---|---|
| 47 (-5 vs prior Q) | 54 (+18 vs prior Q) | 74 (+4 vs prior Q) | 53 (-12 vs prior Q) | +5.7M |
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 |
|---|---|---|---|---|
| VANGUARD GROUP INC | $70,470,262 | 6,252,907 | 19.25% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $32,608,631 | 4,319,024 | 8.91% | Shares |
| Ancient Art, L.P. | $19,154,909 | 2,537,074 | 5.23% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $17,495,766 | 2,317,320 | 4.78% | Shares |
| Haveli Investment Management LLC | $16,405,033 | 2,172,852 | 4.48% | Shares |
| TWO SIGMA INVESTMENTS, LP | $14,741,133 | 1,952,468 | 4.03% | Shares |
| STATE STREET CORP | $12,372,261 | 1,638,710 | 3.38% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $10,291,465 | 1,363,108 | 2.81% | Shares |
| TWO SIGMA ADVISERS, LP | $9,302,258 | 825,400 | 2.54% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $8,887,517 | 1,176,774 | 2.43% | Shares |
| CastleKnight Management LP | $8,336,710 | 1,104,200 | 2.28% | Shares |
| Invenomic Capital Management LP | $8,194,800 | 1,085,404 | 2.24% | Shares |
| KNIGHTSBRIDGE ASSET MANAGEMENT, LLC | $7,923,023 | 1,049,407 | 2.16% | Shares |
| FMR LLC | $7,296,328 | 966,401 | 1.99% | Shares |
| Cubist Systematic Strategies, LLC | $6,929,028 | 536,302 | 1.89% | Shares |
| BlackRock, Inc. | $6,789,232 | 899,236 | 1.86% | Shares |
| MORGAN STANLEY | $6,470,916 | 857,075 | 1.77% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $4,736,583 | 627,362 | 1.29% | Shares |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P | $4,643,250 | 615,000 | 1.27% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $4,567,690 | 604,992 | 1.25% | Shares |
| Clearbridge Investments, LLC | $4,454,954 | 590,060 | 1.22% | Shares |
| Topline Capital Management, LLC | $3,788,379 | 501,772 | 1.04% | Shares |
| LB Partners LLC | $3,621,984 | 479,733 | 0.99% | Shares |
| CITADEL ADVISORS LLC | $3,194,979 | 423,176 | 0.87% | Shares |
| Trexquant Investment LP | $2,925,882 | 387,534 | 0.80% | Shares |
| Vanguard Global Advisers, LLC | $2,921,125 | 386,904 | 0.80% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $2,870,714 | 380,227 | 0.78% | Shares |
| ArrowMark Colorado Holdings LLC | $2,867,611 | 379,816 | 0.78% | Shares |
| Potrero Capital Research LLC | $2,847,339 | 377,131 | 0.78% | Shares |
| Quinn Opportunity Partners LLC | $2,617,389 | 346,674 | 0.72% | Shares |
| Pale Fire Capital SE | $2,596,000 | 343,841 | 0.71% | Shares |
| GOLDMAN SACHS GROUP INC | $2,588,495 | 342,847 | 0.71% | Shares |
| Quantinno Capital Management LP | $2,453,372 | 324,950 | 0.67% | Shares |
| FEDERATED HERMES, INC. | $2,374,022 | 314,440 | 0.65% | Shares |
| Engineers Gate Manager LP | $2,179,058 | 288,617 | 0.60% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $2,162,909 | 286,478 | 0.59% | Shares |
| HSBC HOLDINGS PLC | $1,996,456 | 264,782 | 0.55% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $1,954,159 | 258,829 | 0.53% | Shares |
| Y-Intercept (Hong Kong) Ltd | $1,915,880 | 253,759 | 0.52% | Shares |
| ExodusPoint Capital Management, LP | $1,703,257 | 225,597 | 0.47% | Shares |
| Tejara Capital Ltd | $1,534,160 | 203,200 | 0.42% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $1,472,416 | 195,022 | 0.40% | Shares |
| JANE STREET GROUP, LLC | $1,468,030 | 194,441 | 0.40% | Shares |
| Balyasny Asset Management L.P. | $1,303,825 | 172,692 | 0.36% | Shares |
| Atom Investors LP | $1,290,657 | 170,948 | 0.35% | Shares |
| State of Wyoming | $1,088,083 | 144,117 | 0.30% | Shares |
| Man Group plc | $1,083,319 | 143,486 | 0.30% | Shares |
| IEQ CAPITAL, LLC | $988,672 | 130,950 | 0.27% | Shares |
| BANK OF AMERICA CORP /DE/ | $960,134 | 127,170 | 0.26% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $844,377 | 111,838 | 0.23% | Shares |
| LAVELLE CAPITAL LP | $834,275 | 110,500 | 0.23% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $825,215 | 109,300 | 0.23% | Call option |
| Voleon Capital Management LP | $733,543 | 97,158 | 0.20% | Shares |
| BARCLAYS PLC | $716,638 | 94,919 | 0.20% | Shares |
| Bank of New York Mellon Corp | $699,175 | 92,606 | 0.19% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $660,738 | 87,515 | 0.18% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $658,111 | 87,167 | 0.18% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $657,235 | 87,051 | 0.18% | Shares |
| Skopos Labs, Inc. | $560,122 | 98,267 | 0.15% | Shares |
| RHUMBLINE ADVISERS | $519,624 | 68,826 | 0.14% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $481,449 | 58,146 | 0.13% | Shares |
| Squarepoint Ops LLC | $456,579 | 60,474 | 0.12% | Shares |
| ALLIANCEBERNSTEIN L.P. | $453,549 | 79,570 | 0.12% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $420,996 | 55,761 | 0.12% | Shares |
| CITADEL ADVISORS LLC | $411,475 | 54,500 | 0.11% | Put option |
| CANADA PENSION PLAN INVESTMENT BOARD | $392,502 | 51,987 | 0.11% | Shares |
| FourThought Financial Partners, LLC | $379,025 | 50,202 | 0.10% | Shares |
| WELLS FARGO & COMPANY/MN | $368,206 | 48,769 | 0.10% | Shares |
| JANE STREET GROUP, LLC | $365,420 | 48,400 | 0.10% | Call option |
| AlphaQuest LLC | $360,527 | 31,990 | 0.10% | Shares |
| BRIGHTON JONES LLC | $360,512 | 47,750 | 0.10% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $350,350 | 46,404 | 0.10% | Shares |
| Walleye Capital LLC | $334,465 | 44,300 | 0.09% | Call option |
| Mariner, LLC | $324,409 | 42,953 | 0.09% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $307,285 | 40,700 | 0.08% | Put option |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $301,766 | 39,969 | 0.08% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $296,930 | 52,093 | 0.08% | Shares |
| Lotus Technology Management, LP | $283,646 | 37,569 | 0.08% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $276,115 | 24,500 | 0.08% | Shares |
| MetLife Investment Management, LLC | $266,764 | 35,333 | 0.07% | Shares |
| RAYMOND JAMES FINANCIAL INC | $261,245 | 34,602 | 0.07% | Shares |
| CITADEL ADVISORS LLC | $256,700 | 34,000 | 0.07% | Call option |
| Summit Trail Advisors, LLC | $252,736 | 33,475 | 0.07% | Shares |
| Pallas Capital Advisors LLC | $250,939 | 33,237 | 0.07% | Shares |
| Magnetar Financial LLC | $247,632 | 32,799 | 0.07% | Shares |
| Arax Advisory Partners | $217,410 | 28,796 | 0.06% | Shares |
| Vanguard Personalized Indexing Management, LLC | $215,726 | 28,573 | 0.06% | Shares |
| MACKENZIE FINANCIAL CORP | $209,158 | 27,703 | 0.06% | Shares |
| WINTON GROUP Ltd | $203,850 | 27,000 | 0.06% | Shares |
| AMERIPRISE FINANCIAL INC | $198,142 | 26,244 | 0.05% | Shares |
| Sequoia Financial Advisors, LLC | $191,695 | 25,390 | 0.05% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $182,710 | 24,200 | 0.05% | Shares |
| Quantbot Technologies LP | $170,404 | 22,570 | 0.05% | Shares |
| CITIGROUP INC | $168,380 | 22,302 | 0.05% | Shares |
| Invesco Ltd. | $163,631 | 21,673 | 0.04% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $152,518 | 20,201 | 0.04% | Shares |
| BAILARD, INC. | $151,755 | 20,100 | 0.04% | Shares |
| IRONWOOD INVESTMENT MANAGEMENT LLC | $151,159 | 20,021 | 0.04% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $140,868 | 18,658 | 0.04% | Shares |
| JANUS HENDERSON GROUP PLC | $138,129 | 24,212 | 0.04% | Shares |
Company insiders 10 insiders · 1 officers · 3 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Ryan Paul Barretto | CEO | July 1, 2026 F | 1,370,075 | 0 | 0 | $0 |
| Peter J Barris | Director | May 20, 2026 A | 57,253 | 0 | 0 | $0 |
| Jason Kreuziger | Director | June 1, 2020 P | 10,379,490 | 0 | 0 | $0 |
| New Enterprise Associates 13, L.P. | 10% owner | Nov. 13, 2020 J | 3,082,854 | 0 | 0 | $0 |
| Forest Baskett | 10% owner | Nov. 13, 2020 J | 33,234 | 0 | 0 | $0 |
| Scott D. Sandell | 10% owner | Nov. 13, 2020 J | 20,578 | 0 | 0 | $0 |
| Patrick J. Kerins | 10% owner | Nov. 13, 2020 J | 38,644 | 0 | 0 | $0 |
| Howard Justyn Russell | — | Aug. 11, 2026 C | 7,417 | 0 | 4 | $-1,105,818 |
| Aaron Edward Frederick Rankin | — | Aug. 3, 2026 A | 235,161 | 0 | 0 | $0 |
| Del Preto Joseph | — | March 4, 2026 S | 210,179 | 0 | 8 | $-333,009 |
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 |
|---|---|---|---|---|---|
| Howard Justyn Russell | Dec. 19, 2024 | 4.90% | Amendment | — | SEC |
| Justyn Russell Howard ×8 filings | Sept. 18, 2024 | — | 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 29 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 |
|---|---|---|---|---|
| VFVA · VANGUARD WELLINGTON FUND | 0.18% | 197,629 SH | Aug. 8, 2026 | Daily |
| SOCL · Global X Funds | 0.12% | 19,114 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.10% | 184,778 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.05% | 62,444 NS | May 31, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.05% | 260,699 NS | April 30, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 90,736 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 41,685 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.02% | 356,227 SH | Aug. 8, 2026 | Daily |
| SMLF · iShares Trust | 0.01% | 77,379 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 1,437,725 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 314,043 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.01% | 13,619 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.01% | 2,497 NS | May 31, 2026 | N-PORT |
| VGT · VANGUARD WORLD FUND | 0.01% | 1,310,993 SH | Aug. 8, 2026 | Daily |
| RILA · Spinnaker ETF Series | 0.01% | 941 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 23,116 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.01% | 162,176 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 250,805 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 1,952 NS | May 31, 2026 | N-PORT |
| FTEC · FIDELITY COVINGTON TRUST | 0.01% | 159,499 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 1,977 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,984 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 50 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 73,250 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 13,907 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 31,053 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 622,923 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,642,550 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,058 SH | Aug. 8, 2026 | Daily |