SWIM Latham Group, Inc. - Common Stock
$7.19
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$5–$9
59% of range
Analyst Rating
STRONG BUY
14 analysts
Price Target
$9
+20% upside
P/E (TTM)
79.8
ROE
2.8%
Net Profit Margin
2.0%
SWIM Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$7.18
Market Cap
$839M
P/E (TTM)
79.8
EPS (TTM)
$0.09
Revenue (TTM)
$546M
Div Yield
—
ROE
2.8%
Debt/Equity
0.7
52W Range
$5 – $9
SWIM Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$546M
2019-12-31
→
2025-12-31
EPS
$0.09
2019-12-31
→
2025-12-31
Free Cash Flow
$38M
2021-12-31
→
2025-12-31
Margins
2.0%
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
SWIM
Peer Median
P/E (TTM)
79.8
35.1
P/S (TTM)
1.5
1.0
P/B
2.1
2.3
EV / EBITDA
12.8
—
Price / FCF
22.1
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
SWIM
Peer Median
Gross Margin
33.4%
41.0%
Operating Margin
5.6%
—
Net Profit Margin
2.0%
2.5%
ROA
1.4%
2.8%
ROE
2.8%
3.9%
ROIC
3.7%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
SWIM
Peer Median
Debt / Equity
0.7
19.2
Current Ratio
2.8
2.1
Quick Ratio
1.4
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
SWIM
Peer Median
Revenue YoY
7.3%
—
Revenue CAGR 3Y
-7.8%
—
Revenue CAGR 5Y
6.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
SWIM
Peer Median
SWIM Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
14 analysts
- Strong Buy 6 42.9%
- Buy 4 28.6%
- Hold 2 14.3%
- Sell 2 14.3%
- Strong Sell 0 0.0%
12-Month Price Target
6 analysts · 2026-08-17
Median
$8.50
Now
$7.18
Low
$6.00
High
$13.00
Median target
$8.50
+18.3%
Mean target
$8.61
+19.8%
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 | $0.16 | $0.16 | -0.00% |
| March 31, 2026 | $-0.02 | $-0.04 | 0.02% |
| Dec. 31, 2025 | $-0.07 | $-0.08 | 0.01% |
| Sept. 30, 2025 | $0.10 | $0.10 | 0.00% |
| June 30, 2025 | $0.12 | $0.13 | -0.01% |
| March 31, 2025 | $-0.03 | $-0.05 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| SWIM | $741M | 70.6 | 7.3% | 2.0% | 2.8% | 33.4% |
| PII | $3.57B | -7.7 | -0.33% | -6.5% | -44.0% | 19.1% |
| YETI | $3.36B | 22.1 | 2.1% | 8.8% | 22.8% | 57.4% |
| CALY | $2.17B | -5.3 | -0.85% | -19.9% | -18.0% | 42.1% |
| PTON | — | 42.2 | -1.8% | 2.6% | -27.1% | 52.6% |
| TRON | $324M | -7.8 | 10.0% | -354.6% | -10.4% | 25.3% |
| SWBI | $693M | 37.9 | 10.4% | 3.5% | 5.0% | 26.9% |
| MCFT | $305M | 43.2 | -11.8% | 2.5% | 3.8% | 20.0% |
| RGR | — | -120.9 | 1.9% | -0.80% | -1.5% | 14.9% |
| MBUU | — | 41.2 | -2.6% | 1.8% | 2.9% | 17.8% |
| JOUT | $433M | — | -0.07% | -5.8% | -8.0% | 35.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $546M | $509M | $566M | $696M | $630M | $403M | $318M | |
| Cost of Revenue | $364M | $355M | $414M | $479M | $426M | $261M | $220M | |
| Gross Profit | $182M | $154M | $153M | $216M | $204M | $143M | $98M | |
| SG&A Expense | $123M | $108M | $110M | $147M | $218M | $86M | $57M | |
| Operating Income | $31M | $18M | $16M | $30M | $-36M | $40M | $25M | |
| Interest Expense | · | · | $31M | $16M | $24M | $18M | · | |
| Other Non-op | $3M | $-6M | $1M | $-1M | $5M | $1M | $300.0K | |
| Pretax Income | $13M | $-9M | $-10M | $14M | $-54M | $23M | $3M | |
| Income Tax | $2M | $9M | $-8M | $19M | $9M | $7M | $-5M | |
| Net Income | $11M | $-18M | $-2M | $-6M | $-62M | $16M | $7M | |
| EPS (Basic) | $0.10 | $-0.15 | $-0.02 | $-0.05 | $-0.56 | $0.16 | $0.08 | |
| EPS (Diluted) | $0.09 | $-0.15 | $-0.02 | $-0.05 | $-0.56 | $0.16 | $0.08 | |
| Shares (Basic) | 116,424,673 | 115,434,828 | 112,899,586 | 113,245,421 | 110,644,366 | 101,606,966 | 95,032,265 | |
| Shares (Diluted) | 119,822,088 | 115,434,828 | 112,899,586 | 113,245,421 | 110,644,366 | 102,602,738 | 95,400,528 | |
| EBITDA | $82M | $63M | $57M | $68M | $-4M | · | · |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $71M | $56M | $103M | $33M | $44M | $59M | · | |
| Receivables | $40M | $32M | $30M | $49M | $61M | $33M | · | |
| Inventory | $75M | $77M | $97M | $165M | $110M | $65M | · | |
| Prepaid Expense | $21M | $9M | $7M | $6M | $11M | $6M | · | |
| Current Assets | $219M | $178M | $239M | $255M | $229M | $167M | · | |
| PP&E (Net) | $119M | $113M | $113M | $98M | $64M | $47M | · | |
| PP&E (Gross) | $203M | $175M | $160M | $130M | $86M | $61M | · | |
| Accum. Depreciation | $84M | $62M | $47M | $32M | $23M | $14M | · | |
| Goodwill | $155M | $153M | $131M | $131M | $129M | $116M | $102M | |
| Intangibles | $268M | $293M | $283M | $309M | $338M | $289M | · | |
| Other Non-current Assets | · | · | · | $5M | $765.0K | $0 | · | |
| Total Assets | $823M | $794M | $835M | $870M | $794M | $647M | · | |
| Accounts Payable | $19M | $13M | · | $25M | $38M | $27M | · | |
| Accrued Liabilities | · | · | · | $51M | $59M | $53M | · | |
| Current Liabilities | $79M | $71M | $86M | $87M | $115M | $94M | · | |
| Capital Leases | $24M | $22M | $25M | $32M | · | · | · | |
| Deferred Tax | $34M | $32M | $40M | $50M | $56M | $55M | · | |
| Other Non-current Liabilities | $3M | $3M | $5M | $702.0K | $453.0K | $2M | · | |
| Total Liabilities | $417M | $407M | $436M | $487M | $441M | $365M | · | |
| Long-term Debt | $280M | $282M | $301M | $313M | $280M | $221M | · | |
| Total Debt | $280M | $282M | $301M | $313M | $17M | · | · | |
| Common Stock | $12.0K | $12.0K | $11.0K | $11.0K | $12.0K | $12.0K | · | |
| Paid-in Capital | $473M | $467M | $460M | $441M | $402M | $265M | · | |
| Retained Earnings | $-64M | $-75M | $-57M | $-55M | $-49M | $14M | · | |
| AOCI | $-4M | $-5M | $-4M | $-4M | $370.0K | $2M | · | |
| Stockholders' Equity | $406M | $387M | $399M | $383M | $354M | $282M | $194M | |
| Liabilities + Equity | $823M | $794M | $835M | $870M | $794M | $647M | · | |
| Shares Outstanding | 116,766,927 | 115,764,839 | 114,871,782 | 114,667,975 | 119,445,611 | 118,854,249 | · |
Cash Flow 19
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $51M | $44M | $41M | $38M | $32M | $25M | $22M | |
| Stock-based Comp | $9M | $7M | $19M | $51M | $129M | $2M | $808.0K | |
| Deferred Tax | $2M | $-2M | $-10M | $-4M | $-12M | $-5M | $-10M | |
| Amort. of Intangibles | $29M | $27M | $27M | $28M | $23M | $17M | $16M | |
| Restructuring | · | · | · | $1M | · | · | · | |
| Other Non-cash | $-11M | $29M | $69M | $-47M | $-53M | · | · | |
| Operating Cash Flow | $63M | $61M | $116M | $32M | $34M | $63M | $36M | |
| CapEx | $25M | $20M | $33M | $40M | $25M | $16M | $8M | |
| Investing Cash Flow | $-42M | $-85M | $-32M | $-45M | $-108M | $-116M | $-27M | |
| Debt Issued | · | $0 | $0 | $320M | $223M | $20M | $22M | |
| Net Debt Issued | · | $0 | · | $320M | $223M | · | · | |
| Stock Issued | · | $0 | $0 | $258M | · | $66M | $250.0K | |
| Stock Repurchased | · | $0 | $0 | $281M | $282M | $582.0K | $200.0K | |
| Net Stock Activity | · | $0 | · | $-23M | $-282M | · | · | |
| Financing Cash Flow | $-7M | $-22M | $-14M | $4M | $60M | $54M | $17M | |
| Net Change in Cash | $15M | $-46M | $70M | $-11M | $-15M | $3M | $24M | |
| Taxes Paid | $8M | $15M | $7M | $20M | $20M | $15M | $168.0K | |
| Free Cash Flow | $38M | $41M | $83M | $-7M | $9M | · | · | |
| Levered FCF | · | · | $76M | $-837.8K | · | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 33.4% | 30.2% | 27.0% | 31.1% | 32.4% | · | · | |
| Operating Margin | 5.6% | 3.6% | 2.9% | 4.3% | -5.7% | · | · | |
| Net Margin | 2.0% | -3.5% | -0.42% | -0.82% | -9.9% | · | · | |
| Pretax Margin | 2.5% | -1.7% | -1.8% | 2.0% | -8.5% | · | · | |
| EBITDA Margin | 15.0% | 12.3% | 10.0% | 9.8% | -0.63% | · | · | |
| ROA | 1.4% | -2.2% | -0.28% | -0.68% | -8.6% | · | · | |
| ROE | 2.8% | -4.4% | -0.60% | -1.5% | -18.1% | · | · | |
| ROIC | 3.7% | 5.6% | 0.55% | -1.8% | -11.4% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.8 | 2.5 | 2.8 | 2.9 | 2.0 | · | · | |
| Quick Ratio | 1.4 | 1.2 | 1.5 | 0.9 | 0.9 | · | · | |
| Debt / Equity | 0.7 | 0.7 | 0.8 | 0.8 | 0.0 | · | · | |
| LT Debt / Equity | 0.7 | 0.7 | 0.7 | 0.8 | · | · | · | |
| Interest Coverage | · | · | 0.5 | 1.9 | · | · | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.6 | 0.7 | 0.8 | 0.9 | · | · | |
| Inventory Turnover | 4.8 | 4.1 | 3.2 | 3.5 | 4.9 | · | · | |
| Receivables Turnover | 15.1 | 16.2 | 14.3 | 12.7 | 13.5 | · | · |
Growth Rates 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.3% | -10.2% | -18.6% | 10.3% | 56.3% | · | · | |
| Revenue CAGR 3Y | -7.8% | -6.9% | 12.0% | · | · | · | · | |
| Revenue CAGR 5Y | 6.2% | · | · | · | · | · | · | |
| EPS CAGR 5Y | -10.9% | · | · | · | · | · | · | |
| Net Income CAGR 5Y | -7.0% | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $546M | $509M | $566M | $696M | $630M | · | · | |
| Net Income TTM | $11M | $-18M | $-2M | $-6M | $-62M | · | · | |
| Market Cap | $741M | $806M | $302M | $369M | $2.99B | · | · | |
| Enterprise Value | $950M | $1.03B | $501M | $649M | $2.96B | · | · | |
| P/E | 70.6 | -46.4 | -131.5 | -64.4 | -44.7 | · | · | |
| P/S | 1.4 | 1.6 | 0.5 | 0.5 | 4.7 | · | · | |
| P/B | 1.8 | 2.1 | 0.8 | 1.0 | 8.5 | · | · | |
| P / Cash Flow | 11.7 | 13.1 | 2.6 | 11.4 | 88.7 | · | · | |
| P / FCF | 19.5 | 19.6 | 3.6 | -50.1 | 343.1 | · | · | |
| EV / EBITDA | 11.6 | 16.4 | 8.8 | 9.5 | -750.3 | · | · | |
| EV / FCF | 25.0 | 25.0 | 6.0 | -88.1 | 340.0 | · | · | |
| EV / Revenue | 1.7 | 2.0 | 0.9 | 0.9 | 4.7 | · | · | |
| Earnings Yield | 1.4% | -2.2% | -0.76% | -1.6% | -2.2% | · | · |
Income Statement 15
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $197M | $117M | $100M | $162M | $173M | $111M | $87M | $150M | $160M | $111M | $91M | $161M | $138M | $108M | |
| Cost of Revenue | $127M | $80M | $72M | $105M | $109M | $79M | $66M | $102M | $107M | $80M | $70M | $113M | $104M | $89M | |
| Gross Profit | $70M | $37M | $28M | $57M | $64M | $33M | $21M | $49M | $53M | $31M | $21M | $48M | $33M | $19M | |
| SG&A Expense | $38M | $37M | $31M | $29M | $32M | $31M | $27M | $28M | $27M | $26M | $24M | $23M | $33M | $33M | |
| Operating Income | $25M | $-7M | $-11M | $22M | $25M | $-5M | $-13M | $13M | $20M | $-2M | $-9M | $18M | $-6M | $-20M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $5M | · | $6M | $11M | · | |
| Other Non-op | $-1M | $-818.0K | $1M | $-1M | $3M | $308.0K | $-5M | $693.0K | $-804.0K | $-2M | $1M | $-1M | $-210.0K | $313.0K | |
| Pretax Income | $19M | $-11M | $-13M | $16M | $21M | $-10M | $-21M | $6M | $14M | $-7M | $-16M | $13M | $-17M | $-25M | |
| Income Tax | $6M | $-3M | $-6M | $7M | $5M | $-4M | $8M | $-43.0K | $442.0K | $532.0K | $-16M | $7M | $-3M | $-6M | |
| Net Income | $13M | $-9M | $-7M | $8M | $16M | $-6M | $-29M | $6M | $13M | $-8M | $112.0K | $6M | $-14M | $-19M | |
| EPS (Basic) | $0.11 | $-0.07 | $-0.06 | $0.07 | $0.14 | $-0.05 | $-0.25 | $0.05 | $0.12 | $-0.07 | $0.00 | $0.05 | $-0.13 | $-0.17 | |
| EPS (Diluted) | $0.11 | $-0.07 | $-0.06 | $0.07 | $0.13 | $-0.05 | $-0.24 | $0.05 | $0.11 | $-0.07 | $0.00 | $0.05 | $-0.13 | $-0.17 | |
| Shares (Basic) | 117,476,605 | 116,894,080 | -232,530,505 | 116,603,331 | 116,466,736 | 115,885,111 | -230,637,729 | 115,564,382 | 115,469,246 | 115,038,929 | 269,735 | 113,538,533 | 112,102,198 | -276,004 | |
| Shares (Diluted) | 119,541,000 | 116,894,080 | -235,360,639 | 119,907,619 | 119,389,997 | 115,885,111 | -235,072,448 | 118,445,235 | 117,023,112 | 115,038,929 | 269,735 | 114,656,761 | 112,102,198 | -1,621,743 | |
| EBITDA | $25M | $6M | · | $22M | $25M | $7M | · | $13M | $20M | $8M | · | $18M | $3M | · |
Balance Sheet 26
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $43M | $27M | $71M | $71M | $27M | $24M | $56M | $60M | $91M | $44M | · | $78M | $55M | · | |
| Receivables | $95M | $89M | $40M | $81M | $89M | $84M | $32M | $66M | $66M | $74M | · | $72M | $102M | · | |
| Inventory | $80M | $88M | $75M | $70M | $79M | $87M | $77M | $75M | $84M | $95M | · | $103M | $150M | · | |
| Prepaid Expense | $13M | $10M | $21M | $9M | $11M | $8M | $9M | $9M | $9M | $7M | · | $6M | $7M | · | |
| Current Assets | $241M | $230M | $219M | $241M | $214M | $212M | $178M | $218M | $251M | $221M | · | $264M | $319M | · | |
| PP&E (Net) | $136M | $138M | $119M | $114M | $114M | $112M | $113M | $115M | $113M | $113M | · | $110M | $105M | · | |
| PP&E (Gross) | · | · | $203M | · | · | · | $175M | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $84M | · | · | · | $62M | · | · | · | · | · | · | · | |
| Goodwill | $162M | $161M | $155M | $155M | $155M | $155M | $153M | $153M | $131M | $131M | $131M | $131M | $131M | $131M | |
| Intangibles | $258M | $266M | $268M | $275M | $282M | $289M | $293M | $301M | $270M | $276M | · | $289M | $302M | · | |
| Total Assets | $860M | $856M | $823M | $844M | $822M | $825M | $794M | $853M | $830M | $809M | · | $865M | $930M | · | |
| Accounts Payable | $38M | $30M | $19M | · | · | $28M | $13M | · | · | · | · | · | $49M | · | |
| Current Liabilities | $112M | $122M | $79M | $99M | $90M | $83M | $71M | $89M | $78M | $71M | · | $87M | $106M | · | |
| Capital Leases | $24M | $24M | $24M | $23M | $20M | $21M | $22M | $23M | $21M | $23M | · | $26M | $31M | · | |
| Deferred Tax | $34M | $34M | $34M | $32M | $32M | $32M | $32M | $40M | $40M | $40M | · | $50M | $50M | · | |
| Other Non-current Liabilities | $2M | $3M | $3M | $3M | $4M | $3M | $3M | $5M | $3M | $3M | · | $4M | $3M | · | |
| Total Liabilities | $449M | $460M | $417M | $436M | $424M | $443M | $407M | $437M | $422M | $417M | · | $473M | $555M | · | |
| Long-term Debt | $280M | $311M | $280M | $281M | $281M | $307M | $282M | $283M | $282M | $283M | · | $302M | $360M | · | |
| Total Debt | $280M | $280M | · | $281M | $281M | $307M | · | $283M | $282M | $283M | · | $302M | · | · | |
| Common Stock | $12.0K | $12.0K | $12.0K | $12.0K | $12.0K | $12.0K | $12.0K | $12.0K | $12.0K | $11.0K | · | $11.0K | $11.0K | · | |
| Paid-in Capital | $474M | $472M | $473M | $470M | $468M | $467M | $467M | $465M | $463M | $461M | · | $456M | $448M | · | |
| Retained Earnings | $-59M | $-72M | $-64M | $-57M | $-65M | $-81M | $-75M | $-46M | $-52M | $-65M | · | $-57M | $-69M | · | |
| AOCI | $-3M | $-3M | $-4M | $-5M | $-5M | $-5M | $-5M | $-3M | $-3M | $-4M | · | $-6M | $-4M | · | |
| Stockholders' Equity | $411M | $397M | $406M | $408M | $398M | $381M | $387M | $417M | $408M | $392M | $399M | $393M | $375M | $383M | |
| Liabilities + Equity | $860M | $856M | $823M | $844M | $822M | $825M | $794M | $853M | $830M | $809M | · | $865M | $930M | · | |
| Shares Outstanding | 117,535,232 | 117,407,719 | 116,766,927 | 116,655,775 | 116,536,129 | 116,362,977 | 115,764,839 | 115,592,865 | 115,577,103 | 115,389,689 | · | 114,755,945 | 114,690,053 | · |
Cash Flow 15
| 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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $14M | $13M | $13M | $13M | $13M | $12M | $12M | $11M | $11M | $10M | $11M | $10M | $9M | $9M | |
| Stock-based Comp | $2M | $1M | $4M | $2M | $1M | $2M | $2M | $2M | $2M | $1M | $4M | $2M | $7M | $10M | |
| Amort. of Intangibles | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $6M | $6M | $7M | $7M | $7M | $7M | |
| Other Non-cash | · | $-53M | · | · | · | $-55M | · | · | · | $-38M | · | · | $-16M | · | |
| Operating Cash Flow | $54M | $-48M | $23M | $51M | $36M | $-47M | $6M | $37M | $52M | $-35M | $28M | $52M | $-14M | $27M | |
| CapEx | $6M | $10M | $9M | $6M | $7M | $3M | $6M | $4M | $4M | $5M | $5M | $5M | $10M | $11M | |
| Investing Cash Flow | $-5M | $-25M | $-21M | $-6M | $-7M | $-8M | $-7M | $-68M | $-4M | $-5M | $-3M | $-5M | $-10M | $-16M | |
| Debt Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | · | · | $8M | |
| Financing Cash Flow | $-32M | $28M | $-2M | $-1M | $-26M | $22M | $-2M | $-193.0K | $-1M | $-19M | $-1M | $-11M | $47M | $-9M | |
| Net Change in Cash | $16M | $-44M | $525.0K | $44M | $3M | $-32M | $-3M | $-31M | $47M | $-59M | $25M | $35M | $22M | $2M | |
| Taxes Paid | $422.0K | $-118.0K | $157.0K | $8M | $35.0K | $344.0K | $7M | $6M | $3M | $39.0K | $4M | $2M | $637.0K | $313.0K | |
| Free Cash Flow | · | $-58M | · | · | · | $-50M | · | · | · | $-40M | · | · | $-24M | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-45M | · | · | $-33M | · |
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 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.5% | 31.7% | · | 35.4% | 37.0% | 29.5% | · | 32.4% | 33.1% | 27.7% | · | 29.9% | 24.2% | · | |
| Operating Margin | 12.7% | -5.6% | · | 13.3% | 14.3% | -4.4% | · | 8.9% | 12.5% | -1.9% | · | 11.2% | -4.6% | · | |
| Net Margin | 6.5% | -7.3% | · | 5.0% | 9.3% | -5.3% | · | 3.9% | 8.3% | -7.1% | · | 3.8% | -10.4% | · | |
| Pretax Margin | 9.6% | -9.7% | · | 9.6% | 12.2% | -9.0% | · | 3.9% | 8.6% | -6.6% | · | 8.0% | -12.6% | · | |
| EBITDA Margin | 12.7% | 5.5% | · | 13.3% | 14.3% | 6.7% | · | 8.9% | 12.5% | 7.5% | · | 11.2% | 2.1% | · | |
| ROA | 1.5% | -1.0% | · | 0.96% | 1.9% | -0.73% | · | 0.69% | 1.6% | -0.90% | · | 0.69% | · | · | |
| ROE | 3.1% | -2.2% | · | 2.0% | 4.0% | -1.5% | · | 1.5% | 3.3% | -2.1% | · | 1.6% | · | · | |
| ROIC | 2.5% | -0.73% | · | 1.6% | 2.8% | -0.43% | · | 1.9% | 2.8% | -0.33% | · | 1.2% | · | · |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.2 | 1.9 | · | 2.4 | 2.4 | 2.5 | · | 2.4 | 3.2 | 3.1 | · | 3.0 | · | · | |
| Quick Ratio | 1.2 | 1.0 | · | 1.5 | 1.3 | 1.3 | · | 1.4 | 2.0 | 1.7 | · | 1.7 | · | · | |
| Debt / Equity | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.8 | · | 0.7 | 0.7 | 0.7 | · | 0.8 | · | · | |
| LT Debt / Equity | 0.7 | 0.7 | · | 0.7 | 0.7 | 0.8 | · | 0.7 | 0.7 | 0.7 | · | 0.8 | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -0.4 | · | 3.0 | -0.6 | · |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | · | 0.2 | 0.2 | 0.1 | · | 0.2 | 0.2 | 0.1 | · | 0.2 | · | · | |
| Inventory Turnover | 1.6 | 0.9 | · | 1.4 | 1.3 | 0.9 | · | 1.1 | 1.0 | 0.7 | · | 0.8 | · | · | |
| Receivables Turnover | 2.1 | 1.4 | · | 2.2 | 2.2 | 1.4 | · | 2.2 | 2.2 | 1.3 | · | 1.8 | · | · |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q4 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $649M | $563M | · | $596M | $595M | $533M | · | $582M | $609M | $586M | · | $665M | $726M | · | |
| Net Income TTM | $28M | $10M | · | $24M | $29M | $5M | · | $17M | $17M | $-10M | · | $9M | $-1M | · | |
| Market Cap | $753M | $621M | · | $877M | $767M | $748M | · | $779M | $350M | $457M | · | $321M | · | · | |
| Enterprise Value | $990M | $874M | · | $1.09B | $1.02B | $1.03B | · | $1.00B | $542M | $696M | · | $545M | · | · | |
| P/E | 26.7 | 66.1 | · | 37.6 | 27.4 | 160.8 | · | 48.1 | 21.6 | -39.6 | · | 40.0 | -286.0 | · | |
| P/S | 1.2 | 1.1 | · | 1.5 | 1.3 | 1.4 | · | 1.3 | 0.6 | 0.8 | · | 0.5 | · | · | |
| P/B | 1.8 | 1.6 | · | 2.1 | 1.9 | 2.0 | · | 1.9 | 0.9 | 1.2 | · | 0.8 | · | · | |
| P / Tangible Book | · | · | · | · | · | · | · | · | 48.3 | · | · | · | · | · | |
| P / Cash Flow | · | -13.0 | · | · | · | -16.0 | · | · | · | -13.2 | · | · | · | · | |
| P / FCF | · | -10.7 | · | · | · | -14.9 | · | · | · | -11.5 | · | · | · | · | |
| EV / EBITDA | 39.4 | 135.1 | · | 50.6 | 41.3 | 138.1 | · | 74.9 | 27.1 | 83.8 | · | 30.1 | · | · | |
| EV / FCF | · | -15.0 | · | · | · | -20.5 | · | · | · | -17.5 | · | · | · | · | |
| EV / Revenue | 1.5 | 1.6 | · | 1.8 | 1.7 | 1.9 | · | 1.7 | 0.9 | 1.2 | · | 0.8 | · | · | |
| Earnings Yield | 3.7% | 1.5% | · | 2.7% | 3.6% | 0.62% | · | 2.1% | 4.6% | -2.5% | · | 2.5% | -0.35% | · |
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 | $546M | $509M | $566M | $696M | $630M |
| Gross Margin % | 33.4% | 30.2% | 27.0% | 31.1% | 32.4% |
| Operating Margin % | 5.6% | 3.6% | 2.9% | 4.3% | -5.7% |
| Net Income | $11M | $-18M | $-2M | $-6M | $-62M |
| Diluted EPS | $0.09 | $-0.15 | $-0.02 | $-0.05 | $-0.56 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.7 | 0.7 | 0.8 | 0.8 | 0.0 |
| Current Ratio | 2.8 | 2.5 | 2.8 | 2.9 | 2.0 |
| Quick Ratio | 1.4 | 1.2 | 1.5 | 0.9 | 0.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $38M | $41M | $83M | $-7M | $9M |
Latest News Recent headlines mentioning this company
My Metrics Your personal watchlist — selected rows from Full Fundamentals
📊
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 148 filers · $674.0M 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 |
|---|---|---|---|---|
| 30 (+14 vs prior Q) | 26 (0 vs prior Q) | 46 (+5 vs prior Q) | 40 (-10 vs prior Q) | +2.0M |
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 |
|---|---|---|---|---|
| Pamplona Capital Management, LLC | $335,441,582 | 51,845,685 | 49.77% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $51,903,149 | 8,022,125 | 7.70% | Shares |
| WYNNCHURCH CAPITAL PARTNERS IV, L.P. | $44,775,000 | 5,883,771 | 6.64% | Shares |
| ACK Asset Management LLC | $36,620,200 | 5,660,000 | 5.43% | Shares |
| KEYBANK NATIONAL ASSOCIATION/OH | $26,481,114 | 4,092,908 | 3.93% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $22,833,801 | 3,529,181 | 3.39% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $14,522,653 | 2,244,614 | 2.15% | Shares |
| WASATCH ADVISORS LP | $13,808,891 | 2,571,488 | 2.05% | Shares |
| FORMULA GROWTH LTD | $8,896,781 | 1,375,082 | 1.32% | Shares |
| Onex Canada Asset Management Inc. | $7,585,648 | 1,172,434 | 1.13% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $7,475,261 | 1,155,123 | 1.11% | Shares |
| STATE STREET CORP | $6,898,042 | 1,066,158 | 1.02% | Shares |
| CITADEL ADVISORS LLC | $6,643,797 | 1,026,862 | 0.99% | Shares |
| CAS Investment Partners, LLC | $5,969,474 | 922,639 | 0.89% | Shares |
| CenterBook Partners LP | $5,684,866 | 878,650 | 0.84% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $5,645,217 | 872,522 | 0.84% | Shares |
| Roubaix Capital, LLC | $5,257,528 | 812,601 | 0.78% | Shares |
| RICE HALL JAMES & ASSOCIATES, LLC | $4,838,544 | 747,843 | 0.72% | Shares |
| FMR LLC | $4,456,969 | 688,867 | 0.66% | Shares |
| Advantage Alpha Capital Partners LP | $3,761,037 | 494,223 | 0.56% | Shares |
| Squarepoint Ops LLC | $3,718,891 | 574,790 | 0.55% | Shares |
| Polar Asset Management Partners Inc. | $3,614,789 | 558,700 | 0.54% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3,423,950 | 529,204 | 0.51% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $3,278,834 | 506,775 | 0.49% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $2,930,263 | 452,900 | 0.43% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2,711,435 | 419,078 | 0.40% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $2,275,201 | 351,654 | 0.34% | Shares |
| BloombergSen Inc. | $2,129,840 | 329,187 | 0.32% | Shares |
| Kennondale Capital Management LLC | $2,084,822 | 322,229 | 0.31% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $2,048,661 | 316,640 | 0.30% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $1,926,333 | 297,733 | 0.29% | Shares |
| D. E. Shaw & Co., Inc. | $1,375,716 | 212,630 | 0.20% | Shares |
| Ewing Morris & Co. Investment Partners Ltd. | $1,368,140 | 211,459 | 0.20% | Shares |
| AdviceOne Advisory Services, LLC | $1,191,438 | 184,148 | 0.18% | Shares |
| GOLDMAN SACHS GROUP INC | $1,143,657 | 176,763 | 0.17% | Shares |
| TWO SIGMA INVESTMENTS, LP | $977,442 | 151,073 | 0.15% | Shares |
| IFP Advisors, Inc | $967,284 | 149,503 | 0.14% | Shares |
| Cullen Capital Management, LLC | $799,239 | 123,530 | 0.12% | Shares |
| AYAL Capital Advisors Ltd | $725,856 | 112,188 | 0.11% | Shares |
| AMERICAN CENTURY COMPANIES INC | $715,362 | 110,566 | 0.11% | Shares |
| Atria Investments, Inc | $666,591 | 103,028 | 0.10% | Shares |
| Empowered Funds, LLC | $653,289 | 100,972 | 0.10% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $653,289 | 100,972 | 0.10% | Shares |
| Swiss National Bank | $607,533 | 93,900 | 0.09% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $594,290 | 91,853 | 0.09% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $566,079 | 87,493 | 0.08% | Shares |
| Gitterman Wealth Management, LLC | $553,927 | 72,789 | 0.08% | Shares |
| XTX Topco Ltd | $548,669 | 84,802 | 0.08% | Shares |
| EMERALD ADVISERS, LLC | $540,776 | 83,582 | 0.08% | Shares |
| Perigon Wealth Management, LLC | $508,827 | 78,644 | 0.08% | Shares |
| ELCO Management Co., LLC | $506,879 | 78,343 | 0.08% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $408,593 | 63,152 | 0.06% | Shares |
| Bank of New York Mellon Corp | $403,644 | 62,387 | 0.06% | Shares |
| RHUMBLINE ADVISERS | $401,456 | 62,050 | 0.06% | Shares |
| TWO SIGMA ADVISERS, LP | $387,350 | 61,000 | 0.06% | Shares |
| FOX RUN MANAGEMENT, L.L.C. | $377,136 | 58,290 | 0.06% | Shares |
| ALLIANCEBERNSTEIN L.P. | $376,244 | 70,064 | 0.06% | Shares |
| Quantbot Technologies LP | $355,229 | 54,904 | 0.05% | Shares |
| DEUTSCHE BANK AG\ | $326,974 | 50,537 | 0.05% | Shares |
| Cornerstone Investment Partners, LLC | $286,194 | 44,234 | 0.04% | Shares |
| WELLS FARGO & COMPANY/MN | $280,694 | 43,384 | 0.04% | Shares |
| Gem Investment Advisors, LLC | $241,577 | 37,338 | 0.04% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $237,794 | 44,282 | 0.04% | Shares |
| BANK OF AMERICA CORP /DE/ | $228,708 | 35,349 | 0.03% | Shares |
| MetLife Investment Management, LLC | $221,222 | 34,192 | 0.03% | Shares |
| Schonfeld Strategic Advisors LLC | $198,724 | 30,715 | 0.03% | Shares |
| BlackRock, Inc. | $198,312 | 30,651 | 0.03% | Shares |
| Aquatic Capital Management LLC | $177,815 | 27,483 | 0.03% | Shares |
| Walleye Capital LLC | $173,590 | 26,830 | 0.03% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $166,292 | 25,702 | 0.02% | Shares |
| Y-Intercept (Hong Kong) Ltd | $159,841 | 24,705 | 0.02% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $153,682 | 23,753 | 0.02% | Shares |
| Invesco Ltd. | $132,777 | 20,522 | 0.02% | Shares |
| Modern Wealth Management, LLC | $132,059 | 20,411 | 0.02% | Shares |
| Plancorp, LLC | $129,139 | 21,814 | 0.02% | Shares |
| JANUS HENDERSON GROUP PLC | $126,651 | 23,563 | 0.02% | Shares |
| MQS Management LLC | $123,687 | 19,117 | 0.02% | Shares |
| Vanguard Global Advisers, LLC | $121,882 | 18,838 | 0.02% | Shares |
| OSAIC HOLDINGS, INC. | $117,391 | 18,145 | 0.02% | Shares |
| Police & Firemen's Retirement System of New Jersey | $115,438 | 17,842 | 0.02% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $106,755 | 16,500 | 0.02% | Shares |
| Brookwood Investment Group LLC | $103,520 | 16,000 | 0.02% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $102,032 | 15,770 | 0.02% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $100,324 | 15,506 | 0.01% | Shares |
| Vanguard Investments Australia, Ltd. | $84,492 | 13,059 | 0.01% | Shares |
| Corton Capital Inc. | $83,915 | 11,027 | 0.01% | Shares |
| ARIZONA STATE RETIREMENT SYSTEM | $83,521 | 12,909 | 0.01% | Shares |
| VANGUARD GROUP INC | $82,925 | 13,059 | 0.01% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $80,791 | 12,487 | 0.01% | Shares |
| Centiva Capital, LP | $77,983 | 12,053 | 0.01% | Shares |
| State of Wyoming | $74,515 | 11,517 | 0.01% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $73,292 | 11,328 | 0.01% | Shares |
| WINTON GROUP Ltd | $71,817 | 11,100 | 0.01% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $71,578 | 11,063 | 0.01% | Shares |
| AMERIPRISE FINANCIAL INC | $69,197 | 10,695 | 0.01% | Shares |
| Jump Financial, LLC | $67,288 | 10,400 | 0.01% | Shares |
| KLP KAPITALFORVALTNING AS | $58,230 | 9,000 | 0.01% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $53,707 | 8,301 | 0.01% | Shares |
| NORTHERN TRUST CORP | $52,362 | 8,093 | 0.01% | Shares |
| UBS Group AG | $45,821 | 7,082 | 0.01% | Shares |
Company insiders 20 insiders · 10 officers · 8 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Scott Michael Rajeski | Chief Executive Officer | March 3, 2022 A | 1,919,467 | 0 | 0 | $0 |
| Robert L. Masson II | Chief Financial Officer | Aug. 4, 2022 A | 54,592 | 0 | 0 | $0 |
| Mark J Borseth | Chief Financial Officer | March 3, 2022 A | 442,378 | 0 | 0 | $0 |
| Sanjeev Bahl | COO Latham Pool Products, Inc. | March 3, 2022 A | — | 0 | 0 | $0 |
| Jeff Arnold Leake | Chief Operating Officer | April 27, 2021 P | 270,975 | 0 | 0 | $0 |
| Joshua D. Cowley | Chief Commercial Officer | April 22, 2022 A | 55,024 | 0 | 0 | $0 |
| Joel Richard Culp | Chief Marketing Officer | March 3, 2022 A | 410,783 | 0 | 0 | $0 |
| Melissa Claire Feck | Chief Human Resources Officer | March 3, 2022 A | 222,351 | 0 | 0 | $0 |
| Kaushal Bhikhesh Dhruv | Chief Information Officer | March 3, 2022 A | 60,601 | 0 | 0 | $0 |
| Jason A Duva | Gen. Counsel & Chief Admin Off | March 3, 2022 A | 48,816 | 0 | 0 | $0 |
| Mark Phillip Laven | Director | Nov. 21, 2022 P | 402,206 | 0 | 0 | $0 |
| Suzan Morno-Wade | Director | May 3, 2022 A | 28,339 | 0 | 0 | $0 |
| Robert Deaton Evans | Director | May 3, 2022 A | 328,785 | 0 | 0 | $0 |
| Alex Hawkinson | Director | May 3, 2022 A | 171,335 | 0 | 0 | $0 |
| James E Cline | Director | May 3, 2022 A | 66,749 | 0 | 0 | $0 |
| Christopher Patrick O'Brien | Director | Jan. 11, 2022 D | 14,545,703 | 0 | 0 | $0 |
| WC PARTNERS EXECUTIVE IV, L.P. | 10% owner | March 14, 2025 S | 332,818 | 0 | 0 | $0 |
| WYNNCHURCH CAPITAL PARTNERS IV, L.P. | 10% owner | March 14, 2025 S | 11,050,953 | 0 | 0 | $0 |
| Suraj Kunchala | — | Aug. 7, 2026 M | 73,743 | 0 | 0 | $0 |
| Jeffrey T Jackson | — | May 1, 2026 A | 17,677 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 35 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 | 0.09% | 176,726 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.02% | 473,200 SH | Aug. 8, 2026 | Daily |
| DFSV · Dimensional ETF Trust | 0.02% | 285,268 NS | April 30, 2026 | N-PORT |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 45,175 SH | Aug. 8, 2026 | Daily |
| VCR · VANGUARD WORLD FUND | 0.02% | 182,556 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.02% | 105,281 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.02% | 72,870 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.02% | 373,087 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 381,239 NS | April 30, 2026 | N-PORT |
| FDIS · FIDELITY COVINGTON TRUST | 0.02% | 47,530 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.02% | 29,658 NS | May 31, 2026 | N-PORT |
| SMLF · iShares Trust | 0.01% | 75,092 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 1,295,184 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.01% | 297,519 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.01% | 21,693 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 2,349 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.01% | 3,384 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 223,329 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 1,837 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.00% | 3,287 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.00% | 1,857 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 8,836 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 184,817 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 9,138 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 26,834 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,650 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 47 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 25,271 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 7,691 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 2,386 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.00% | 536,746 SH | Aug. 8, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,657,076 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 3,954 SH | Aug. 8, 2026 | Daily |
| EBI · RBB Fund Trust | 0.00% | 27 NS | May 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 1,085 NS | April 30, 2026 | N-PORT |