SVCO Silvaco Group, Inc. - Common Stock
$6.51
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$3–$14
30% of range
Analyst Rating
BUY
12 analysts
Price Target
$15
+133% upside
P/E (TTM)
-4.9
ROE
-53.3%
Net Profit Margin
-65.3%
SVCO Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$6.51
Market Cap
$210M
P/E (TTM)
-4.9
EPS (TTM)
$-1.39
Revenue (TTM)
$63M
Div Yield
—
ROE
-53.3%
Debt/Equity
—
52W Range
$3 – $14
SVCO 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
$63M
2023-12-31
→
2025-12-31
EPS
$-1.39
2023-12-31
→
2025-12-31
Free Cash Flow
$-35M
2024-12-31
→
2025-12-31
Margins
-65.3%
2024-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
SVCO
Peer Median
P/E (TTM)
-4.9
24.3
P/S (TTM)
3.3
3.1
P/B
2.8
3.9
Price / FCF
-6.1
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SVCO
Peer Median
Gross Margin
78.3%
70.6%
Operating Margin
-72.8%
—
Net Profit Margin
-65.3%
-6.1%
ROA
-31.1%
-4.1%
ROE
-53.3%
-6.2%
ROIC
-56.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SVCO
Peer Median
Current Ratio
1.2
1.4
Quick Ratio
0.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SVCO
Peer Median
Revenue YoY
5.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SVCO
Peer Median
SVCO Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
12 analysts
- Strong Buy 3 25.0%
- Buy 8 66.7%
- Hold 1 8.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
6 analysts · 2026-08-15
Median
$14.50
Mean
$15.17
← Below all targets
$6.51
Low
$14.00
High
$18.00
Median target
$14.50
+122.7%
Mean target
$15.17
+133.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.01 | $0.01 | 0.00% |
| March 31, 2026 | $-0.02 | $-0.03 | 0.01% |
| Dec. 31, 2025 | $-0.03 | $-0.12 | 0.09% |
| Sept. 30, 2025 | $-0.07 | $-0.06 | -0.01% |
| June 30, 2025 | $-0.16 | $-0.08 | -0.08% |
| March 31, 2025 | $-0.07 | $0.01 | -0.08% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SVCO | $125M | -2.9 | 5.7% | -65.3% | -53.3% | 78.3% |
| NABL | — | -74.8 | 9.3% | -3.7% | — | 76.9% |
| OSPN | $480M | 6.8 | 0.00% | 30.0% | 28.3% | 73.8% |
| XPER | $275M | -4.8 | -9.2% | -12.6% | -13.5% | — |
| TLS | $371M | -10.2 | 52.2% | -22.2% | -34.1% | 37.0% |
| DUOT | $230M | -17.6 | 271.2% | -36.4% | -36.9% | 29.1% |
| AISP | — | — | — | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue | $63M | $60M | $54M | |
| Cost of Revenue | $14M | $12M | $9M | |
| Gross Profit | $49M | $48M | $45M | |
| R&D Expense | $30M | $21M | $13M | |
| SG&A Expense | $34M | $38M | $18M | |
| Operating Expenses | $95M | $88M | $44M | |
| Operating Income | $-46M | $-40M | $1M | |
| Interest Income | $2M | $3M | $6.0K | |
| Other Non-op | $-697.0K | $-899.0K | · | |
| Pretax Income | $-45M | $-39M | $510.0K | |
| Income Tax | $-3M | $484.0K | $826.0K | |
| Net Income | $-41M | $-39M | $-316.0K | |
| EPS (Basic) | $-1.39 | $-1.53 | $-0.02 | |
| EPS (Diluted) | $-1.39 | $-1.53 | $-0.02 | |
| Shares (Basic) | 29,741,263 | 25,672,845 | 20,000,000 | |
| Shares (Diluted) | 29,741,263 | 25,672,845 | 20,000,000 | |
| EBITDA | $-42M | $-39M | · |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Cash & Equivalents | $9M | $20M | $4M | |
| Receivables | $10M | $9M | $4M | |
| Prepaid Expense | $5M | $3M | $3M | |
| Current Assets | $46M | $107M | $21M | |
| PP&E (Net) | $2M | $865.0K | $591.0K | |
| PP&E (Gross) | $8M | $7M | $7M | |
| Accum. Depreciation | $6M | $6M | $6M | |
| Goodwill | $30M | $9M | $9M | |
| Intangibles | $26M | $4M | $342.0K | |
| Other Non-current Assets | $2M | $2M | $2M | |
| Total Assets | $123M | $142M | $41M | |
| Accounts Payable | $3M | $3M | $2M | |
| Accrued Liabilities | $19M | $20M | $10M | |
| Current Liabilities | $38M | $34M | $25M | |
| Capital Leases | $2M | $946.0K | $1M | |
| Other Non-current Liabilities | $94.0K | $307.0K | $221.0K | |
| Total Liabilities | $48M | $42M | $31M | |
| Common Stock | $3.0K | $3.0K | $2.0K | |
| Paid-in Capital | $146M | $130M | $0 | |
| Retained Earnings | $-69M | $-28M | $11M | |
| AOCI | $-2M | $-2M | $-2M | |
| Stockholders' Equity | $75M | $100M | $9M | |
| Liabilities + Equity | $123M | $142M | $41M | |
| Shares Outstanding | 30,948,403 | 28,526,615 | 20,000,000 |
Cash Flow 12
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| D&A | $3M | $1M | $601.0K | |
| Stock-based Comp | $11M | $27M | $0 | |
| Amort. of Intangibles | $3M | $953.0K | $300.0K | |
| Restructuring | $1M | · | · | |
| Other Non-cash | $-7M | $-9M | · | |
| Operating Cash Flow | $-34M | $-20M | $1M | |
| CapEx | $618.0K | $505.0K | $339.0K | |
| Investing Cash Flow | $34M | $-67M | $-339.0K | |
| Financing Cash Flow | $-2M | $101M | $-2M | |
| Net Change in Cash | $-2M | $15M | $-1M | |
| Taxes Paid | $-246.0K | · | · | |
| Free Cash Flow | $-35M | $-20M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Gross Margin | 78.3% | 79.8% | · | |
| Operating Margin | -72.8% | -67.5% | · | |
| Net Margin | -65.3% | -66.0% | · | |
| Pretax Margin | -70.8% | -65.2% | · | |
| EBITDA Margin | -67.3% | -65.3% | · | |
| ROA | -31.1% | -43.0% | · | |
| ROE | -53.3% | -39.7% | · | |
| ROIC | -56.5% | -40.8% | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Current Ratio | 1.2 | 3.1 | · | |
| Quick Ratio | 0.5 | 0.8 | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.7 | · | |
| Receivables Turnover | 6.7 | 9.0 | · |
Growth Rates 1
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue YoY | 5.7% | 10.0% | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Revenue TTM | $63M | $60M | · | |
| Net Income TTM | $-41M | $-39M | · | |
| Market Cap | $125M | $230M | · | |
| P/E | -2.9 | -5.3 | · | |
| P/S | 2.0 | 3.9 | · | |
| P/B | 1.7 | 2.3 | · | |
| P / Tangible Book | 6.6 | 2.7 | · | |
| P / Cash Flow | -3.7 | -11.7 | · | |
| P / FCF | -3.6 | -11.4 | · | |
| Earnings Yield | -34.3% | -18.9% | · |
Income Statement 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18M | $18M | $18M | $19M | $12M | $14M | $18M | $11M | $15M | $16M | $12M | $15M | $13M | $14M | |
| Cost of Revenue | $3M | $2M | $3M | $4M | $4M | $3M | $2M | $3M | $5M | $2M | $3M | $2M | $2M | $2M | |
| Gross Profit | $15M | $15M | $15M | $15M | $9M | $11M | $15M | $8M | $10M | $14M | $10M | $13M | $10M | $12M | |
| R&D Expense | $9M | $9M | $10M | $9M | $6M | $5M | $5M | $4M | $8M | $4M | $3M | $3M | $3M | $3M | |
| SG&A Expense | $6M | $7M | $7M | $11M | $8M | $8M | $8M | $7M | $18M | $5M | $5M | $4M | $4M | $5M | |
| Operating Expenses | $19M | $21M | $22M | $24M | $19M | $31M | $13M | $15M | $48M | $12M | $12M | $11M | $10M | $11M | |
| Operating Income | $-4M | $-6M | $-7M | $-9M | $-10M | $-20M | $2M | $-7M | $-38M | $2M | $-2M | $2M | $-205.0K | $2M | |
| Interest Income | $29.0K | $47.0K | $117.0K | $316.0K | $651.0K | $863.0K | $1M | $1M | $682.0K | $0 | $2.0K | $1.0K | $2.0K | · | |
| Other Non-op | $-380.0K | $-114.0K | $-45.0K | $82.0K | $-443.0K | $-291.0K | $-67.0K | $-278.0K | · | · | · | · | · | · | |
| Pretax Income | $-4M | $-6M | $-7M | $-9M | $-10M | $-19M | $3M | $-6M | $-38M | $2M | $-2M | $2M | $-443.0K | $1M | |
| Income Tax | $-673.0K | $136.0K | $519.0K | $-4M | $-526.0K | $213.0K | $-723.0K | $188.0K | $214.0K | $805.0K | $218.0K | $332.0K | $-112.0K | $388.0K | |
| Net Income | $-4M | $-6M | $-7M | $-5M | $-9M | $-19M | $4M | $-7M | $-38M | $1M | $-2M | $1M | $-331.0K | $814.0K | |
| EPS (Basic) | $-0.11 | $-0.19 | $-0.22 | $-0.18 | $-0.32 | $-0.67 | $0.18 | $-0.23 | $-1.55 | $0.07 | $-0.11 | $0.07 | $-0.02 | $0.04 | |
| EPS (Diluted) | $-0.11 | $-0.19 | $-0.22 | $-0.18 | $-0.32 | $-0.67 | $0.18 | $-0.23 | $-1.55 | $0.07 | $-0.11 | $0.07 | $-0.02 | $0.04 | |
| Shares (Basic) | 33,017,435 | 31,365,903 | -58,479,157 | 30,213,143 | 29,312,982 | 28,694,295 | -48,186,347 | 29,048,080 | 24,811,112 | 20,000,000 | -40,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | |
| Shares (Diluted) | 33,017,435 | 31,365,903 | -58,479,157 | 30,213,143 | 29,312,982 | 28,694,295 | -48,186,347 | 29,048,080 | 24,811,112 | 20,000,000 | -40,000,000 | 20,000,000 | 20,000,000 | 20,000,000 | |
| EBITDA | $-4M | $-4M | · | $-9M | $-10M | $-19M | · | $-7M | $-38M | $3M | · | · | · | · |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $13M | $11M | $9M | $12M | $13M | $29M | $20M | $27M | $34M | $6M | $4M | · | · | · | |
| Receivables | $12M | $9M | $10M | $7M | $10M | $6M | $9M | $5M | $7M | $6M | $4M | · | · | · | |
| Prepaid Expense | $5M | $4M | $5M | $5M | $5M | $4M | $3M | $3M | $3M | $2M | $3M | · | · | · | |
| Current Assets | $43M | $38M | $46M | $53M | $82M | $100M | $107M | $119M | $108M | $24M | $21M | · | · | · | |
| PP&E (Net) | $1M | $1M | $2M | $2M | $991.0K | $890.0K | $865.0K | $843.0K | $742.0K | $656.0K | $591.0K | · | · | · | |
| PP&E (Gross) | · | · | $8M | · | · | · | $7M | · | · | · | $7M | · | · | · | |
| Accum. Depreciation | · | · | $6M | · | · | · | $6M | · | · | · | $6M | · | · | · | |
| Goodwill | $30M | $30M | $30M | $31M | $19M | $14M | $9M | $9M | $9M | $9M | $9M | · | · | · | |
| Intangibles | $24M | $25M | $26M | $27M | $13M | $10M | $4M | $5M | $5M | $273.0K | $342.0K | · | · | · | |
| Other Non-current Assets | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | · | · | · | |
| Total Assets | $115M | $111M | $123M | $131M | $128M | $138M | $142M | $146M | $149M | $47M | $41M | · | · | · | |
| Accounts Payable | $3M | $4M | $3M | $4M | $2M | $2M | $3M | $4M | $3M | $3M | $2M | · | · | · | |
| Accrued Liabilities | $10M | $10M | $19M | $23M | $24M | $32M | $20M | $23M | $24M | $10M | $10M | · | · | · | |
| Current Liabilities | $25M | $27M | $38M | $42M | $39M | $47M | $34M | $40M | $40M | $26M | $25M | · | · | · | |
| Capital Leases | $770.0K | $965.0K | $2M | $2M | $1M | $866.0K | $946.0K | $1M | $1M | $1M | $1M | · | · | · | |
| Other Non-current Liabilities | $0 | $0 | $94.0K | $1M | $996.0K | $333.0K | $307.0K | $211.0K | $185.0K | $197.0K | $221.0K | · | · | · | |
| Total Liabilities | $32M | $35M | $48M | $51M | $48M | $55M | $42M | $48M | $48M | $37M | $31M | · | · | · | |
| Total Debt | · | · | · | · | · | · | · | · | · | $4M | · | · | · | · | |
| Common Stock | $3.0K | $3.0K | $3.0K | $3.0K | $3.0K | $3.0K | $3.0K | $3.0K | $3.0K | $2.0K | $2.0K | · | · | · | |
| Paid-in Capital | $165M | $154M | $146M | $143M | $138M | $133M | $130M | $132M | $130M | · | $0 | · | · | · | |
| Retained Earnings | $-79M | $-75M | $-69M | $-62M | $-57M | $-47M | $-28M | $-32M | $-26M | $13M | $11M | · | · | · | |
| AOCI | $-2M | $-2M | $-2M | $-2M | $-1M | $-2M | $-2M | $-1M | $-2M | $-2M | $-2M | · | · | · | |
| Stockholders' Equity | $84M | $77M | $75M | $79M | $80M | $84M | $100M | $99M | $102M | $11M | $9M | · | · | · | |
| Liabilities + Equity | $115M | $111M | $123M | $131M | $128M | $138M | $142M | $146M | $149M | $47M | $41M | · | · | · | |
| Shares Outstanding | 33,682,164 | 32,234,263 | 30,948,403 | 30,531,193 | 29,603,494 | 28,805,280 | 28,526,615 | 26,294,217 | 26,294,217 | 20,000,000 | 20,000,000 | · | · | · |
Cash Flow 13
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $1M | $1M | $1M | $1M | $708.0K | $438.0K | $382.0K | $428.0K | $355.0K | $120.0K | $145.0K | $147.0K | $143.0K | $166.0K | |
| Stock-based Comp | $3M | $3M | $3M | $3M | $2M | $2M | $3M | $3M | $22M | $0 | $0 | $0 | · | · | |
| Amort. of Intangibles | $1M | $1M | $1M | $979.0K | $622.0K | $362.0K | $259.0K | $298.0K | $296.0K | $100.0K | $0 | $100.0K | $100.0K | $100.0K | |
| Restructuring | $924.0K | $1M | · | · | · | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | · | $-9M | · | · | · | $15M | · | · | · | $-4M | · | · | · | · | |
| Operating Cash Flow | $-6M | $-11M | $-9M | $-8M | $-15M | $-1M | $-9M | $-2M | $-6M | $-3M | $849.0K | $-2M | $2M | $501.0K | |
| CapEx | $14.0K | $0 | $38.0K | $358.0K | $126.0K | $96.0K | $161.0K | $288.0K | $46.0K | $10.0K | $124.0K | $13.0K | $25.0K | $177.0K | |
| Investing Cash Flow | $-14.0K | $1M | $3M | $3M | $16M | $11M | $6M | $-5M | $-68M | $-10.0K | $-124.0K | $-13.0K | $-25.0K | $-177.0K | |
| Debt Issued | · | · | · | · | · | · | · | · | · | $4M | · | · | · | $0 | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | $4M | · | · | · | · | |
| Financing Cash Flow | $8M | $4M | $24.0K | $-639.0K | $-1M | $-503.0K | $-4M | $-875.0K | $103M | $4M | $-633.0K | $-98.0K | $-339.0K | $-582.0K | |
| Net Change in Cash | $2M | $-6M | $-7M | $-5M | $143.0K | $10M | $-7M | $-8M | $29M | $1M | $108.0K | $-2M | $1M | $-183.0K | |
| Free Cash Flow | · | $-11M | · | · | · | $-1M | · | · | · | $-3M | · | · | · | · |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 85.2% | 86.4% | · | 77.9% | 70.9% | 78.6% | · | 74.6% | 67.5% | 87.6% | · | · | · | · | |
| Operating Margin | -22.5% | -31.9% | · | -50.0% | -84.2% | -139.3% | · | -66.5% | -252.6% | 15.0% | · | · | · | · | |
| Net Margin | -20.6% | -33.0% | · | -28.4% | -78.1% | -136.8% | · | -59.7% | -256.6% | 8.7% | · | · | · | · | |
| Pretax Margin | -24.4% | -32.2% | · | -47.9% | -82.5% | -135.2% | · | -58.0% | -255.2% | 13.7% | · | · | · | · | |
| EBITDA Margin | -22.5% | -24.7% | · | -50.0% | -84.2% | -136.2% | · | -66.5% | -252.6% | 15.8% | · | · | · | · | |
| ROA | -3.0% | -4.7% | · | -3.8% | -6.8% | -20.8% | · | -8.9% | -51.4% | 5.8% | · | · | · | · | |
| ROE | -4.5% | -7.3% | · | -6.0% | -10.4% | -40.9% | · | -13.3% | -75.4% | 26.0% | · | · | · | · | |
| ROIC | -4.0% | -7.5% | · | -7.0% | -12.1% | -23.8% | · | -7.6% | -37.3% | 10.1% | · | · | · | · |
Liquidity & Solvency 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 1.4 | · | 1.3 | 2.1 | 2.1 | · | 2.9 | 2.7 | 0.9 | · | · | · | · | |
| Quick Ratio | 1.0 | 0.7 | · | 0.5 | 0.6 | 0.8 | · | 0.8 | 1.0 | 0.4 | · | · | · | · | |
| Debt / Equity | · | · | · | · | · | · | · | · | · | 0.4 | · | · | · | · | |
| LT Debt / Equity | · | · | · | · | · | · | · | · | · | 0.4 | · | · | · | · |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.2 | · | 0.1 | 0.2 | 0.7 | · | · | · | · | |
| Receivables Turnover | 1.7 | 2.4 | · | 3.0 | 1.4 | 2.5 | · | 4.4 | 4.4 | 5.7 | · | · | · | · |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $66M | $63M | · | $56M | $52M | $56M | · | $57M | $58M | $58M | · | · | · | · | |
| Net Income TTM | $-24M | $-40M | · | $-41M | $-74M | $-63M | · | $-42M | $-36M | $3M | · | · | · | · | |
| Market Cap | $464M | $228M | · | $165M | $140M | $131M | · | $376M | $473M | · | · | · | · | · | |
| P/E | -17.2 | -5.2 | · | -3.9 | -1.7 | -1.9 | · | -8.7 | -12.6 | · | · | · | · | · | |
| P/S | 7.0 | 3.6 | · | 3.0 | 2.7 | 2.3 | · | 6.6 | 8.1 | · | · | · | · | · | |
| P/B | 5.6 | 3.0 | · | 2.1 | 1.8 | 1.6 | · | 3.8 | 4.6 | · | · | · | · | · | |
| P / Tangible Book | 15.6 | 10.5 | · | 7.7 | 2.9 | 2.2 | · | 4.4 | 5.4 | · | · | · | · | · | |
| P / Cash Flow | · | -20.7 | · | · | · | -115.7 | · | · | · | · | · | · | · | · | |
| P / FCF | · | -20.7 | · | · | · | -106.7 | · | · | · | · | · | · | · | · | |
| Earnings Yield | -5.8% | -19.2% | · | -25.9% | -58.7% | -52.2% | · | -11.5% | -8.0% | · | · | · | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Revenue | $63M | $60M | $54M |
| Gross Margin % | 78.3% | 79.8% | — |
| Operating Margin % | -72.8% | -67.5% | — |
| Net Income | $-41M | $-39M | $-316.0K |
| Diluted EPS | $-1.39 | $-1.53 | $-0.02 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Current Ratio | 1.2 | 3.1 | — |
| Quick Ratio | 0.5 | 0.8 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|
| Free Cash Flow | $-35M | $-20M | — |
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Institutional owners (13F) 106 filers · $99.8M 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 |
|---|---|---|---|---|
| 33 (+7 vs prior Q) | 9 (-4 vs prior Q) | 31 (+8 vs prior Q) | 30 (+8 vs prior Q) | +1.6M |
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 |
|---|---|---|---|---|
| NEXT CENTURY GROWTH INVESTORS LLC | $17,387,838 | 1,260,902 | 17.42% | Shares |
| Yiheng Capital Management, L.P. | $12,498,994 | 906,381 | 12.52% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $6,930,427 | 502,569 | 6.94% | Shares |
| ALGERT GLOBAL LLC | $4,962,331 | 359,850 | 4.97% | Shares |
| Nuveen, LLC | $4,876,420 | 353,620 | 4.89% | Shares |
| TWO SIGMA INVESTMENTS, LP | $4,649,602 | 337,172 | 4.66% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $3,345,475 | 242,579 | 3.35% | Shares |
| Alyeska Investment Group, L.P. | $2,946,923 | 213,700 | 2.95% | Shares |
| KENNEDY CAPITAL MANAGEMENT LLC | $2,378,940 | 172,512 | 2.38% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $2,376,858 | 172,361 | 2.38% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,270,082 | 164,618 | 2.27% | Shares |
| Qube Research & Technologies Ltd | $2,248,266 | 163,036 | 2.25% | Shares |
| Point72 Asset Management, L.P. | $2,102,299 | 152,451 | 2.11% | Shares |
| STATE STREET CORP | $2,087,172 | 151,354 | 2.09% | Shares |
| JANE STREET GROUP, LLC | $1,796,120 | 130,248 | 1.80% | Shares |
| D. E. Shaw & Co., Inc. | $1,763,162 | 127,858 | 1.77% | Shares |
| LOOMIS SAYLES & CO L P | $1,744,270 | 126,488 | 1.75% | Shares |
| Trexquant Investment LP | $1,665,598 | 120,783 | 1.67% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $1,452,390 | 105,322 | 1.46% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,422,301 | 103,140 | 1.42% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,161,683 | 84,241 | 1.16% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1,100,442 | 79,800 | 1.10% | Shares |
| Panoramic Capital, LLC | $1,034,250 | 75,000 | 1.04% | Shares |
| XTX Topco Ltd | $1,021,094 | 74,046 | 1.02% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $995,211 | 72,169 | 1.00% | Shares |
| ExodusPoint Capital Management, LP | $993,942 | 72,077 | 1.00% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $978,111 | 70,929 | 0.98% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $942,395 | 68,339 | 0.94% | Shares |
| Walleye Capital LLC | $830,834 | 60,249 | 0.83% | Shares |
| Werba Rubin Papier Wealth Management | $827,400 | 60,000 | 0.83% | Shares |
| Lepercq De Neuflize Asset Management LLC | $768,475 | 55,727 | 0.77% | Shares |
| Squarepoint Ops LLC | $734,690 | 53,277 | 0.74% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $721,231 | 52,301 | 0.72% | Shares |
| Lynrock Lake LP | $551,600 | 40,000 | 0.55% | Shares |
| MARSHALL WACE, LLP | $503,500 | 36,512 | 0.50% | Shares |
| GOLDMAN SACHS GROUP INC | $497,695 | 36,091 | 0.50% | Shares |
| Centiva Capital, LP | $431,200 | 31,269 | 0.43% | Shares |
| Y-Intercept (Hong Kong) Ltd | $381,500 | 27,665 | 0.38% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $364,456 | 26,429 | 0.37% | Shares |
| Jump Financial, LLC | $330,960 | 24,000 | 0.33% | Shares |
| Spark Investment Management LLC | $303,021 | 21,974 | 0.30% | Shares |
| Brevan Howard Capital Management LP | $300,925 | 21,822 | 0.30% | Shares |
| Worth Venture Partners, LLC | $224,088 | 16,250 | 0.22% | Shares |
| RAYMOND JAMES FINANCIAL INC | $212,959 | 15,443 | 0.21% | Shares |
| Vident Advisory, LLC | $197,266 | 14,305 | 0.20% | Shares |
| MILLENNIUM MANAGEMENT LLC | $195,377 | 14,168 | 0.20% | Shares |
| SELDON CAPITAL LP | $184,634 | 13,389 | 0.18% | Shares |
| NANO CAP NEW MILLENNIUM GROWTH FUND L P | $172,375 | 12,500 | 0.17% | Shares |
| CITADEL ADVISORS LLC | $170,224 | 12,344 | 0.17% | Shares |
| RHUMBLINE ADVISERS | $169,044 | 12,259 | 0.17% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $165,673 | 12,014 | 0.17% | Shares |
| Schonfeld Strategic Advisors LLC | $154,543 | 11,207 | 0.15% | Shares |
| WELLS FARGO & COMPANY/MN | $152,380 | 11,050 | 0.15% | Shares |
| Balyasny Asset Management L.P. | $145,002 | 10,515 | 0.15% | Shares |
| Bank of New York Mellon Corp | $132,687 | 9,622 | 0.13% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $93,413 | 6,774 | 0.09% | Shares |
| Arax Advisory Partners | $78,272 | 5,676 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $76,921 | 5,578 | 0.08% | Shares |
| CITIGROUP INC | $68,523 | 4,969 | 0.07% | Shares |
| BlackRock, Inc. | $57,504 | 4,170 | 0.06% | Shares |
| Police & Firemen's Retirement System of New Jersey | $52,264 | 3,790 | 0.05% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $47,355 | 3,434 | 0.05% | Shares |
| CWM, LLC | $38,579 | 5,449 | 0.04% | Shares |
| Vanguard Global Advisers, LLC | $30,945 | 2,244 | 0.03% | Shares |
| Quantbot Technologies LP | $28,076 | 2,036 | 0.03% | Shares |
| Global Retirement Partners, LLC | $26,546 | 1,925 | 0.03% | Shares |
| NORTHERN TRUST CORP | $26,270 | 1,905 | 0.03% | Shares |
| MCF Advisors LLC | $23,623 | 1,713 | 0.02% | Shares |
| BARCLAYS PLC | $20,547 | 1,490 | 0.02% | Shares |
| FEDERATED HERMES, INC. | $20,547 | 1,490 | 0.02% | Shares |
| MORGAN STANLEY | $19,637 | 1,424 | 0.02% | Shares |
| Tower Research Capital LLC (TRC) | $18,575 | 1,347 | 0.02% | Shares |
| Legal & General Group Plc | $17,734 | 1,286 | 0.02% | Shares |
| FMR LLC | $16,479 | 1,195 | 0.02% | Shares |
| GAMMA Investing LLC | $13,018 | 944 | 0.01% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $12,783 | 927 | 0.01% | Shares |
| VANGUARD GROUP INC | $9,088 | 2,244 | 0.01% | Shares |
| Ameritas Investment Partners, Inc. | $8,467 | 614 | 0.01% | Shares |
| FIRST UNITED BANK & TRUST | $6,481 | 470 | 0.01% | Shares |
| NewEdge Advisors, LLC | $6,372 | 462 | 0.01% | Shares |
| ROYAL BANK OF CANADA | $5,000 | 364 | 0.01% | Shares |
| Integrated Wealth Concepts LLC | $4,813 | 349 | 0.00% | Shares |
| SBI Securities Co., Ltd. | $3,778 | 274 | 0.00% | Shares |
| DEUTSCHE BANK AG\ | $3,654 | 265 | 0.00% | Shares |
| UBS Group AG | $2,372 | 172 | 0.00% | Shares |
| Allworth Financial LP | $2,069 | 150 | 0.00% | Shares |
| Marquette Asset Management, LLC | $2,055 | 149 | 0.00% | Shares |
| Essential Partners LLC | $2,013 | 146 | 0.00% | Shares |
| ACADIAN ASSET MANAGEMENT LLC | $1,973 | 143,284 | 0.00% | Shares |
| FIFTH THIRD BANCORP | $1,889 | 137 | 0.00% | Shares |
| Farther Finance Advisors, LLC | $1,391 | 103 | 0.00% | Shares |
| JPMORGAN CHASE & CO | $1,017 | 82 | 0.00% | Shares |
| FNY Investment Advisers, LLC | $885 | 64,246 | 0.00% | Shares |
| ROTHSCHILD INVESTMENT LLC | $869 | 63 | 0.00% | Shares |
| Sterling Capital Management LLC | $593 | 43 | 0.00% | Shares |
| True Wealth Design, LLC | $566 | 41 | 0.00% | Shares |
| Russell Investments Group, Ltd. | $565 | 41 | 0.00% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $455 | 33 | 0.00% | Shares |
| EverSource Wealth Advisors, LLC | $331 | 24 | 0.00% | Shares |
| Fortitude Family Office, LLC | $221 | 16 | 0.00% | Shares |
Company insiders 8 insiders · 0 officers · 0 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Christopher John Zegarelli | — | Aug. 12, 2026 S | 540,324 | 0 | 1 | $-17,040 |
| Candace Jackson | — | Aug. 12, 2026 S | 49,779 | 0 | 1 | $-11,854 |
| Illiya I. Pesic | — | Aug. 11, 2026 A | 5,396,081 | 0 | 1 | $-77,730 |
| Katherine S. Ngai-Pesic | — | Aug. 11, 2026 A | 9,178,907 | 0 | 1 | $-2,254,320 |
| Anthony K.K. Ngai | — | Aug. 11, 2026 P | 118,972 | 3 | 0 | $24,848 |
| Anita Ganti | — | Aug. 11, 2026 A | 64,534 | 0 | 0 | $0 |
| Cheemin Bo-Linn | — | Aug. 11, 2026 S | 18,264 | 0 | 1 | $-5,096 |
| Ted L Tewksbury III | — | Aug. 11, 2026 S | 18,143 | 0 | 1 | $-4,222 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 19 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IWC · iShares Trust | 0.02% | 40,790 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 70,142 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 13,064 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.01% | 111,006 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 18,439 NS | May 31, 2026 | N-PORT |
| IWM · iShares Trust | 0.00% | 323,020 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.00% | 3,390 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.00% | 381 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 42,034 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.00% | 21,060 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 298 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 305 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 8 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 3,183 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 349 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 105,030 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 386,112 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,035 SH | Aug. 8, 2026 | Daily |
| DFAU · Dimensional ETF Trust | 0.00% | 280 NS | April 30, 2026 | N-PORT |