TNGX Tango Therapeutics, Inc. - Common Stock
$26.08
Price · Aug 19, 2026
Fundamentals as of Aug 11, 2026
52W Range
$6–$34
70% of range
Analyst Rating
BUY
19 analysts
Price Target
$44
+70% upside
P/E (TTM)
-30.0
ROE
-42.2%
Net Profit Margin
-162.8%
About Tango Therapeutics, Inc. - Common Stock Company overview from Wikipedia
TNGX Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$26.07
Market Cap
$3.54B
P/E (TTM)
-30.0
EPS (TTM)
$-0.87
Revenue (TTM)
$62M
Div Yield
—
ROE
-42.2%
Debt/Equity
—
52W Range
$6 – $34
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$62M
2020-12-31
→
2025-12-31
EPS
$-0.87
2021-12-31
→
2025-12-31
Free Cash Flow
$-140M
2021-12-31
→
2025-12-31
Margins
-162.8%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
TNGX
Peer Median
P/E (TTM)
-30.0
13.2
P/S (TTM)
56.8
55.3
P/B
10.2
3.5
Price / FCF
-25.3
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
TNGX
Peer Median
Operating Margin
-178.4%
—
Net Profit Margin
-162.8%
-151.2%
ROA
-28.4%
-42.2%
ROE
-42.2%
-52.8%
ROIC
-32.1%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
TNGX
Peer Median
Current Ratio
16.3
10.3
Quick Ratio
15.8
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
TNGX
Peer Median
Revenue YoY
48.3%
—
Revenue CAGR 3Y
35.9%
—
Revenue CAGR 5Y
52.1%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
TNGX
Peer Median
TNGX Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
19 analysts
- Strong Buy 8 42.1%
- Buy 9 47.4%
- Hold 2 10.5%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
12 analysts · 2026-08-13
Median
$40.00
Mean
$44.33
Now
$26.07
Low
$24.00
High
$69.00
Median target
$40.00
+53.4%
Mean target
$44.33
+70.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.05%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| March 31, 2026 | $-0.32 | $-0.32 | -0.00% |
| Dec. 31, 2025 | $-0.29 | $-0.33 | 0.04% |
| Sept. 30, 2025 | $0.14 | $-0.05 | 0.19% |
| June 30, 2025 | $-0.35 | $-0.35 | 0.00% |
| March 31, 2025 | $-0.36 | $-0.36 | -0.00% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TNGX | $1.20B | -10.2 | 48.3% | -162.8% | -42.2% | — |
| CELC | $4.81B | -26.3 | — | — | -244.3% | — |
| PBLS | — | — | — | — | — | — |
| RLAY | $1.47B | -5.3 | 53.4% | -1800.6% | -44.9% | — |
| LEGN | — | — | — | — | — | — |
| DNLI | $2.58B | -5.6 | 204.7% | — | -50.2% | — |
| VKTX | $4.04B | -11.0 | — | — | -47.3% | — |
| RCUS | $2.99B | -7.2 | -4.3% | -142.9% | -59.8% | — |
| VCYT | $3.34B | 51.3 | 16.0% | 12.8% | 5.2% | 70.1% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $62M | $42M | $37M | $25M | $37M | $8M | |
| R&D Expense | $132M | $144M | $115M | $106M | $78M | $50M | |
| SG&A Expense | $42M | $44M | $36M | $30M | $18M | $10M | |
| Operating Expenses | $174M | $188M | $151M | $136M | $95M | $60M | |
| Operating Income | $-111M | $-146M | $-114M | $-111M | $-58M | $-52M | |
| Other Non-op | $4M | $8M | $6M | $1M | $-248.0K | $120.0K | |
| Pretax Income | $-102M | $-130M | $-102M | $-108M | $-58M | $-52M | |
| Income Tax | $4.0K | $208.0K | $134.0K | $54.0K | $292.0K | $0 | |
| Net Income | $-102M | $-130M | $-102M | $-108M | $-58M | $-52M | |
| EPS (Basic) | $-0.87 | $-1.19 | $-1.08 | $-1.23 | $-0.94 | · | |
| EPS (Diluted) | $-0.87 | $-1.19 | $-1.08 | $-1.23 | $-0.94 | · | |
| Shares (Basic) | 116,166,187 | 109,226,731 | 94,572,448 | 87,820,037 | 62,108,032 | · | |
| Shares (Diluted) | 116,166,187 | 109,226,731 | 94,572,448 | 87,820,037 | 62,108,032 | · | |
| EBITDA | $-111M | $-146M | $-114M | $-111M | $-58M | · |
Balance Sheet 23
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $112M | $70M | $66M | $60M | $143M | $28M | |
| Short-term Investments | $231M | $188M | $270M | $306M | $343M | $162M | |
| Receivables | · | · | · | $2M | $2M | $2M | |
| Prepaid Expense | $10M | $8M | $9M | $7M | $5M | $1M | |
| Current Assets | $354M | $266M | $347M | $375M | $492M | $194M | |
| PP&E (Net) | $7M | $8M | $10M | $11M | $5M | $4M | |
| PP&E (Gross) | $17M | $16M | $16M | $15M | $7M | $6M | |
| Accum. Depreciation | $11M | $8M | $6M | $4M | $3M | $2M | |
| Other Non-current Assets | $303.0K | $4.0K | $46.0K | $5.0K | $19.0K | $38.0K | |
| Total Assets | $399M | $316M | $403M | $436M | $500M | $207M | |
| Accounts Payable | $1M | $2M | $3M | $4M | $3M | $2M | |
| Accrued Liabilities | · | · | · | · | · | $74.9K | |
| Current Liabilities | $22M | $38M | $46M | $56M | $41M | $41M | |
| Capital Leases | $31M | $34M | $37M | $39M | · | $7M | |
| Other Non-current Liabilities | · | · | · | · | · | $5.0K | |
| Total Liabilities | $53M | $117M | $149M | $187M | $155M | $169M | |
| Common Stock | $136.0K | $108.0K | $102.0K | $88.0K | $88.0K | $40.0K | |
| Paid-in Capital | $949M | $701M | $624M | $523M | $507M | $142M | |
| Retained Earnings | $-603M | $-502M | $-371M | $-270M | $-161M | $-103M | |
| AOCI | $224.0K | $336.0K | $186.0K | $-4M | $-765.0K | $17.0K | |
| Stockholders' Equity | $346M | $200M | $253M | $249M | $345M | $39M | |
| Liabilities + Equity | $399M | $316M | $403M | $436M | $500M | $207M | |
| Shares Outstanding | 135,940,454 | 107,729,343 | 102,202,759 | 88,179,374 | 87,598,184 | 40,372,133 |
Cash Flow 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Stock-based Comp | $26M | $29M | $19M | $14M | $8M | $2M | |
| Operating Cash Flow | $-139M | $-132M | $-118M | $-109M | $-60M | $70M | |
| CapEx | $1M | $754.0K | $2M | $8M | $2M | $1M | |
| Investing Cash Flow | $-41M | $86M | $41M | $26M | $-183M | $-145M | |
| Financing Cash Flow | $222M | $48M | $82M | $2M | $357M | $81M | |
| Net Change in Cash | $43M | $2M | $6M | $-81M | $114M | $5M | |
| Taxes Paid | $12.0K | · | · | · | · | · | |
| Free Cash Flow | $-140M | $-132M | $-120M | $-117M | $-61M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Operating Margin | -178.4% | -346.1% | -312.6% | -446.8% | -157.1% | · | |
| Net Margin | -162.8% | -309.7% | -278.5% | -435.1% | -157.2% | · | |
| Pretax Margin | -162.8% | -309.2% | -278.2% | -434.9% | -156.4% | · | |
| EBITDA Margin | -178.4% | -346.1% | -312.6% | -446.8% | -157.1% | · | |
| ROA | -28.4% | -36.2% | -24.2% | -23.1% | -16.5% | · | |
| ROE | -42.2% | -60.8% | -38.4% | -41.4% | -16.4% | · | |
| ROIC | -32.1% | -73.1% | -45.2% | -44.5% | -17.0% | · |
Liquidity & Solvency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 16.3 | 7.0 | 7.5 | 6.8 | 12.1 | 13.1 | |
| Quick Ratio | 15.8 | 6.8 | 7.3 | 6.6 | 12.0 | 11.5 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | · | |
| Receivables Turnover | · | · | · | 12.4 | 18.5 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue YoY | 48.3% | 15.2% | 46.9% | -32.9% | 383.8% | · | |
| Revenue CAGR 3Y | 35.9% | 4.3% | 68.3% | · | · | · | |
| Revenue CAGR 5Y | 52.1% | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $62M | $42M | $37M | $25M | $37M | $8M | |
| Net Income TTM | $-102M | $-130M | $-102M | $-108M | $-58M | $-52M | |
| Market Cap | $1.20B | $333M | $1.01B | $639M | $958M | $65M | |
| P/E | -10.2 | -2.6 | -9.2 | -5.9 | -11.6 | · | |
| P/S | 19.3 | 7.9 | 27.7 | 25.7 | 25.9 | 8.4 | |
| P/B | 3.5 | 1.7 | 4.0 | 2.6 | 2.8 | 12.9 | |
| P / Tangible Book | 3.5 | 1.7 | 4.0 | 2.6 | 2.8 | 1.7 | |
| P / Cash Flow | -8.7 | -2.5 | -8.6 | -5.9 | -16.1 | · | |
| P / FCF | -8.6 | -2.5 | -8.5 | -5.5 | -15.6 | · | |
| Earnings Yield | -9.8% | -38.5% | -10.9% | -17.0% | -8.6% | · |
Income Statement 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 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $54M | $3M | $5M | $4M | $12M | $20M | $6M | $5M | $11M | $15M | $6M | $6M | $7M | |
| R&D Expense | $37M | $34M | $32M | $31M | $33M | $36M | $34M | $33M | $39M | $38M | $31M | $27M | $29M | $28M | $29M | $29M | |
| SG&A Expense | $23M | $15M | $10M | $9M | $11M | $11M | $11M | $11M | $11M | $11M | $9M | $9M | $9M | $8M | $8M | $8M | |
| Operating Expenses | $60M | $49M | $42M | $40M | $44M | $48M | $45M | $44M | $49M | $49M | $40M | $36M | $38M | $36M | $37M | $37M | |
| Operating Income | $-60M | $-49M | $-42M | $14M | $-41M | $-43M | $-41M | $-33M | $-30M | $-42M | $-35M | $-26M | $-23M | $-30M | $-31M | $-30M | |
| Other Non-op | $722.0K | $1M | $1M | $705.0K | $910.0K | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $1M | $1M | $967.0K | $523.0K | |
| Pretax Income | $-55M | $-46M | $-39M | $16M | $-39M | $-40M | $-38M | $-29M | $-25M | $-38M | $-31M | $-22M | $-21M | $-28M | $-29M | $-29M | |
| Income Tax | $1.0K | $1.0K | $-55.0K | $-10.0K | $35.0K | $34.0K | $49.0K | $54.0K | $65.0K | $40.0K | $47.0K | $23.0K | $64.0K | $0 | $51.0K | $0 | |
| Net Income | $-55M | $-46M | $-39M | $16M | $-39M | $-40M | $-38M | $-29M | $-26M | $-38M | $-31M | $-22M | $-21M | $-28M | $-29M | $-29M | |
| EPS (Basic) | $-0.37 | $-0.32 | $-0.30 | $0.14 | $-0.35 | $-0.36 | $-0.33 | $-0.27 | $-0.24 | $-0.35 | $-0.30 | $-0.23 | $-0.23 | $-0.32 | $-0.33 | $-0.33 | |
| EPS (Diluted) | $-0.37 | $-0.32 | $-0.29 | $0.13 | $-0.35 | $-0.36 | $-0.33 | $-0.27 | $-0.24 | $-0.35 | $-0.30 | $-0.23 | $-0.23 | $-0.32 | $-0.33 | $-0.33 | |
| Shares (Basic) | 149,875,939 | 143,576,292 | -215,642,250 | 110,966,345 | 110,540,836 | 110,301,256 | -215,766,401 | 108,507,390 | 108,314,279 | 108,171,463 | -179,009,332 | 97,033,273 | 88,354,590 | 88,193,917 | -175,582,615 | 87,892,195 | |
| Shares (Diluted) | 149,875,939 | 143,576,292 | -222,457,979 | 117,782,074 | 110,540,836 | 110,301,256 | -215,766,401 | 108,507,390 | 108,314,279 | 108,171,463 | -179,009,332 | 97,033,273 | 88,354,590 | 88,193,917 | -175,582,615 | 87,892,195 | |
| EBITDA | $-60M | $-49M | · | $14M | $-41M | $-43M | · | $-33M | $-30M | $-42M | · | $-26M | $-23M | $-30M | · | $-30M |
Balance Sheet 21
| 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 | $346M | $158M | $112M | $58M | $39M | $58M | $70M | $53M | $52M | $61M | $66M | $59M | $66M | $57M | $60M | $100M | |
| Short-term Investments | $668M | $222M | $231M | $94M | $142M | $158M | $188M | $240M | $271M | $282M | · | $301M | $245M | $276M | · | $293M | |
| Receivables | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $2M | |
| Prepaid Expense | $18M | $12M | $10M | $11M | $9M | $8M | $8M | $8M | $6M | $8M | · | $10M | $9M | $9M | · | $6M | |
| Current Assets | $1.03B | $392M | $354M | $164M | $190M | $225M | $266M | $301M | $328M | $352M | · | $371M | $321M | $343M | · | $402M | |
| PP&E (Net) | $6M | $6M | $7M | $7M | $8M | $8M | $8M | $9M | $9M | $10M | · | $10M | $11M | $11M | · | $11M | |
| PP&E (Gross) | $17M | $17M | $17M | $17M | $17M | $17M | $16M | $16M | $16M | $16M | · | $16M | $16M | $15M | · | $14M | |
| Accum. Depreciation | $11M | $11M | $11M | $10M | $10M | $9M | $8M | $8M | $7M | $7M | · | $5M | $5M | $4M | · | $3M | |
| Other Non-current Assets | $312.0K | $293.0K | $303.0K | $290.0K | $310.0K | $1.0K | $4.0K | $13.0K | $10.0K | $11.0K | · | $48.0K | $12.0K | $19.0K | · | $6.0K | |
| Total Assets | $1.07B | $436M | $399M | $210M | $238M | $274M | $316M | $352M | $381M | $406M | · | $428M | $379M | $404M | · | $464M | |
| Accounts Payable | $2M | $2M | $1M | $2M | $3M | $3M | $2M | $4M | $1M | $4M | · | $3M | $5M | $6M | · | $6M | |
| Current Liabilities | $20M | $14M | $22M | $18M | $40M | $36M | $38M | $38M | $44M | $43M | · | $43M | $54M | $54M | · | $51M | |
| Capital Leases | $29M | $30M | $31M | $32M | $32M | $34M | $34M | $35M | $35M | $36M | · | $37M | $38M | $39M | · | $40M | |
| Total Liabilities | $49M | $44M | $53M | $50M | $103M | $108M | $117M | $123M | $134M | $142M | · | $152M | $166M | $177M | · | $191M | |
| Common Stock | $168.0K | $144.0K | $136.0K | $112.0K | $111.0K | $108.0K | $108.0K | $107.0K | $107.0K | $107.0K | · | $102.0K | $88.0K | $88.0K | · | $88.0K | |
| Paid-in Capital | $1.73B | $1.04B | $949M | $724M | $715M | $708M | $701M | $692M | $683M | $674M | · | $618M | $533M | $527M | · | $518M | |
| Retained Earnings | $-704M | $-649M | $-603M | $-564M | $-580M | $-541M | $-502M | $-464M | $-435M | $-409M | · | $-340M | $-318M | $-298M | · | $-240M | |
| AOCI | $-633.0K | $-115.0K | $224.0K | $121.0K | $94.0K | $194.0K | $336.0K | $750.0K | $-334.0K | $-257.0K | · | $-681.0K | $-2M | $-2M | · | $-5M | |
| Stockholders' Equity | $1.02B | $392M | $346M | $160M | $135M | $167M | $200M | $229M | $248M | $264M | $253M | $277M | $213M | $227M | $249M | $273M | |
| Liabilities + Equity | $1.07B | $436M | $399M | $210M | $238M | $274M | $316M | $352M | $381M | $406M | · | $428M | $379M | $404M | · | $464M | |
| Shares Outstanding | 168,380,091 | 144,162,543 | 135,940,454 | 111,567,062 | 110,871,249 | 108,107,890 | 107,729,343 | 107,414,636 | 107,044,240 | 106,730,785 | · | 101,847,154 | 88,462,844 | 88,209,964 | · | 88,067,254 |
Cash Flow 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock-based Comp | $17M | $11M | $6M | $7M | $7M | $7M | $7M | $7M | $8M | $7M | $5M | $5M | $5M | $4M | $4M | $4M | |
| Operating Cash Flow | $-39M | $-44M | $-30M | $-31M | $-37M | $-42M | $-37M | $-33M | $-24M | $-38M | $-27M | $-31M | $-24M | $-35M | $-28M | $-20M | |
| CapEx | $-20.0K | $-2.0K | $222.0K | $151.0K | $624.0K | $51.0K | $124.0K | $115.0K | $320.0K | $195.0K | $226.0K | $16.0K | $664.0K | $620.0K | $1M | $3M | |
| Investing Cash Flow | $-446M | $10M | $-136M | $47M | $17M | $31M | $52M | $33M | $13M | $-11M | $34M | $-57M | $33M | $32M | $-13M | $15M | |
| Stock Issued | · | · | · | · | · | · | · | $0 | $0 | $42M | · | · | · | · | · | · | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | $42M | · | · | · | · | · | · | |
| Financing Cash Flow | $673M | $80M | $219M | $3M | $581.0K | $2.0K | $969.0K | $2M | $1M | $43M | $1M | $80M | $586.0K | $73.0K | $527.0K | $113.0K | |
| Net Change in Cash | $188M | $45M | $54M | $19M | $-19M | $-11M | $16M | $2M | $-10M | $-6M | $8M | $-8M | $9M | $-3M | $-40M | $-4M | |
| Free Cash Flow | · | $-44M | · | · | · | $-42M | · | · | · | $-38M | · | · | · | $-36M | · | · |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | · | · | · | 26.2% | -1287.9% | -788.8% | · | -283.3% | -148.7% | -653.0% | · | -238.8% | -159.2% | -525.2% | · | -432.4% | |
| Net Margin | · | · | · | 29.5% | -1221.4% | -739.5% | · | -251.3% | -128.6% | -585.9% | · | -207.4% | -141.9% | -485.7% | · | -419.8% | |
| Pretax Margin | · | · | · | 29.5% | -1220.3% | -738.9% | · | -250.8% | -128.2% | -585.3% | · | -207.2% | -141.4% | · | · | -419.8% | |
| EBITDA Margin | · | · | · | 26.2% | -1287.9% | -788.8% | · | -283.3% | -148.7% | -653.0% | · | -238.8% | -159.2% | -525.2% | · | -432.4% | |
| ROA | -8.4% | -12.8% | · | 5.7% | -12.6% | -11.7% | · | -7.5% | -6.7% | -9.4% | · | -5.0% | -5.0% | -6.4% | · | -5.8% | |
| ROE | -9.6% | -16.3% | · | 8.2% | -20.3% | -18.5% | · | -11.5% | -11.1% | -15.4% | · | -8.1% | -8.1% | -10.2% | · | -9.1% | |
| ROIC | -5.8% | -12.5% | · | 8.8% | -30.4% | -25.5% | · | -14.4% | -12.0% | -16.0% | · | -9.3% | -10.9% | · | · | -11.0% |
Liquidity & Solvency 2
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 50.8 | 27.4 | · | 8.9 | 4.7 | 6.3 | · | 8.0 | 7.5 | 8.2 | · | 8.5 | 6.0 | 6.4 | · | 7.8 | |
| Quick Ratio | 50.0 | 26.5 | · | 8.3 | 4.5 | 6.0 | · | 7.8 | 7.3 | 8.0 | · | 8.3 | 5.8 | 6.2 | · | 7.7 |
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 | 0.0 | 0.0 | · | 0.2 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | 1.4 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $57M | $62M | · | $74M | $40M | $43M | · | $49M | $52M | $38M | · | $38M | $33M | $24M | · | $25M | |
| Net Income TTM | $-124M | $-108M | · | $-92M | $-133M | $-133M | · | $-115M | $-106M | $-109M | · | $-100M | $-103M | $-107M | · | $-99M | |
| Market Cap | $5.26B | $3.02B | · | $937M | $568M | $148M | · | $827M | $918M | $847M | · | $1.15B | $294M | $348M | · | $319M | |
| P/E | -34.4 | -23.2 | · | -9.9 | -4.2 | -1.1 | · | -7.1 | -8.2 | -7.0 | · | -10.1 | -2.9 | -3.2 | · | -3.1 | |
| P/S | 92.4 | 48.3 | · | 12.7 | 14.2 | 3.4 | · | 17.0 | 17.8 | 22.6 | · | 30.2 | 8.9 | 14.4 | · | 12.6 | |
| P/B | 5.1 | 7.7 | · | 5.9 | 4.2 | 0.9 | · | 3.6 | 3.7 | 3.2 | · | 4.1 | 1.4 | 1.5 | · | 1.2 | |
| P / Tangible Book | 5.1 | 7.7 | · | 5.9 | 4.2 | 0.9 | · | 3.6 | 3.7 | 3.2 | · | 4.1 | 1.4 | 1.5 | · | 1.2 | |
| P / Cash Flow | · | -68.0 | · | · | · | -3.6 | · | · | · | -22.4 | · | · | · | -10.0 | · | · | |
| P / FCF | · | -68.0 | · | · | · | -3.5 | · | · | · | -22.3 | · | · | · | -9.8 | · | · | |
| Earnings Yield | -2.9% | -4.3% | · | -10.1% | -23.8% | -89.0% | · | -14.2% | -12.2% | -14.2% | · | -9.9% | -34.9% | -30.9% | · | -32.6% |
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 | $62M | $42M | $37M | $25M | $37M |
| Operating Margin % | -178.4% | -346.1% | -312.6% | -446.8% | -157.1% |
| Net Income | $-102M | $-130M | $-102M | $-108M | $-58M |
| Diluted EPS | $-0.87 | $-1.19 | $-1.08 | $-1.23 | $-0.94 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 16.3 | 7.0 | 7.5 | 6.8 | 12.1 |
| Quick Ratio | 15.8 | 6.8 | 7.3 | 6.6 | 12.0 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-140M | $-132M | $-120M | $-117M | $-61M |
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Institutional owners (13F) 262 filers · $5.3B 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 |
|---|---|---|---|---|
| 84 (+30 vs prior Q) | 21 (-9 vs prior Q) | 92 (+28 vs prior Q) | 59 (+3 vs prior Q) | +34.6M |
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 |
|---|---|---|---|---|
| RTW INVESTMENTS, LP | $434,533,381 | 13,900,620 | 8.13% | Shares |
| FARALLON CAPITAL MANAGEMENT, L.L.C. | $383,779,020 | 12,277,000 | 7.18% | Shares |
| Boxer Capital Management, LLC | $339,990,606 | 10,876,219 | 6.36% | Shares |
| GOLDMAN SACHS GROUP INC | $301,599,366 | 9,648,092 | 5.64% | Shares |
| TCG Crossover Management, LLC | $283,878,343 | 9,081,201 | 5.31% | Shares |
| FMR LLC | $252,410,308 | 8,074,546 | 4.72% | Shares |
| Paradigm Biocapital Advisors LP | $198,736,169 | 6,357,523 | 3.72% | Shares |
| Siren, L.L.C. | $193,166,919 | 6,179,364 | 3.61% | Shares |
| STATE STREET CORP | $186,928,736 | 5,979,806 | 3.50% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $186,226,699 | 5,957,348 | 3.48% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $175,056,000 | 5,600,000 | 3.28% | Shares |
| Deep Track Capital, LP | $131,292,000 | 4,200,000 | 2.46% | Shares |
| DEERFIELD MANAGEMENT COMPANY, L.P. | $130,998,500 | 4,190,611 | 2.45% | Shares |
| Woodline Partners LP | $125,057,724 | 4,000,567 | 2.34% | Shares |
| TRV GP IV, LLC | $120,181,383 | 6,374,574 | 2.25% | Shares |
| PERCEPTIVE ADVISORS LLC | $105,565,020 | 3,377,000 | 1.97% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $101,978,756 | 3,261,580 | 1.91% | Shares |
| Logos Global Management LP | $89,091,000 | 2,850,000 | 1.67% | Shares |
| Caligan Partners LP | $78,153,220 | 2,500,103 | 1.46% | Shares |
| Holocene Advisors, LP | $75,365,953 | 2,410,939 | 1.41% | Shares |
| Commodore Capital LP | $70,335,000 | 2,250,000 | 1.32% | Shares |
| Balyasny Asset Management L.P. | $63,032,008 | 2,016,379 | 1.18% | Shares |
| Jefferies Financial Group Inc. | $62,849,293 | 2,010,534 | 1.18% | Shares |
| Seven Fleet Capital Management LP | $54,443,081 | 1,909,593 | 1.02% | Shares |
| Candriam S.C.A. | $50,922,046 | 1,630,553 | 0.95% | Shares |
| JANUS HENDERSON GROUP PLC | $49,579,803 | 2,371,672 | 0.93% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $49,550,570 | 1,585,111 | 0.93% | Shares |
| Polar Capital Holdings Plc | $46,287,932 | 1,480,740 | 0.87% | Shares |
| Vivo Capital, LLC | $43,131,579 | 1,379,769 | 0.81% | Shares |
| DV EQUITIES, LLC | $41,217,904 | 1,318,551 | 0.77% | Shares |
| Cormorant Asset Management, LP | $40,638,000 | 1,300,000 | 0.76% | Shares |
| STEMPOINT CAPITAL LP | $38,231,574 | 1,223,019 | 0.72% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $33,512,564 | 1,072,059 | 0.63% | Shares |
| AMERICAN CENTURY COMPANIES INC | $31,691,245 | 1,013,794 | 0.59% | Shares |
| Integral Health Asset Management, LLC | $31,260,000 | 1,000,000 | 0.58% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $28,620,562 | 915,565 | 0.54% | Shares |
| FEDERATED HERMES, INC. | $26,956,373 | 862,328 | 0.50% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $23,391,858 | 748,300 | 0.44% | Shares |
| Soleus Capital Management, L.P. | $22,163,340 | 709,000 | 0.41% | Shares |
| ArrowMark Colorado Holdings LLC | $22,144,115 | 708,385 | 0.41% | Shares |
| Bellevue Group AG | $21,700,129 | 694,182 | 0.41% | Shares |
| Alyeska Investment Group, L.P. | $21,604,067 | 691,109 | 0.40% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $19,871,576 | 635,687 | 0.37% | Shares |
| Pictet Asset Management Holding SA | $18,343,379 | 582,262 | 0.34% | Shares |
| Fisher Asset Management, LLC | $18,073,218 | 578,158 | 0.34% | Shares |
| Nextech Invest Ltd. | $17,099,998 | 5,533,980 | 0.32% | Shares |
| FIRST TRUST ADVISORS LP | $15,920,999 | 509,309 | 0.30% | Shares |
| Nantahala Capital Management, LLC | $15,650,600 | 500,659 | 0.29% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $15,645,536 | 500,497 | 0.29% | Shares |
| MILLENNIUM MANAGEMENT LLC | $15,506,085 | 496,036 | 0.29% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $14,536,650 | 465,024 | 0.27% | Shares |
| Rock Springs Capital Management LP | $14,271,784 | 456,551 | 0.27% | Shares |
| BOONE CAPITAL MANAGEMENT LLC | $14,242,212 | 455,605 | 0.27% | Shares |
| Longaeva Partners L.P. | $12,969,837 | 414,902 | 0.24% | Shares |
| BANK OF AMERICA CORP /DE/ | $12,604,469 | 403,214 | 0.24% | Shares |
| EVENTIDE ASSET MANAGEMENT, LLC | $12,504,000 | 400,000 | 0.23% | Shares |
| ACUTA CAPITAL PARTNERS, LLC | $12,221,066 | 390,949 | 0.23% | Shares |
| CONGRESS ASSET MANAGEMENT CO | $11,902,120 | 380,746 | 0.22% | Shares |
| Mass General Brigham, Inc | $11,072,042 | 354,192 | 0.21% | Shares |
| Assenagon Asset Management S.A. | $10,789,577 | 345,156 | 0.20% | Shares |
| BAKER BROS. ADVISORS LP | $10,419,990 | 333,333 | 0.19% | Shares |
| PFM Health Sciences, LP | $10,192,229 | 326,047 | 0.19% | Shares |
| AMERIPRISE FINANCIAL INC | $9,576,345 | 306,345 | 0.18% | Shares |
| JANE STREET GROUP, LLC | $9,354,993 | 299,264 | 0.18% | Shares |
| Point72 Asset Management, L.P. | $9,326,077 | 298,339 | 0.17% | Shares |
| SAMLYN CAPITAL, LLC | $9,145,519 | 292,563 | 0.17% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $9,068,318 | 278,511 | 0.17% | Shares |
| ALGERT GLOBAL LLC | $8,489,278 | 271,570 | 0.16% | Shares |
| HighVista Strategies LLC | $8,129,788 | 260,070 | 0.15% | Shares |
| SPHERA FUNDS MANAGEMENT LTD. | $7,947,855 | 254,250 | 0.15% | Shares |
| TWO SIGMA INVESTMENTS, LP | $7,558,137 | 241,783 | 0.14% | Shares |
| KVP Capital Advisors, LP | $7,198,053 | 230,264 | 0.13% | Shares |
| TD Asset Management Inc | $6,938,720 | 221,968 | 0.13% | Shares |
| BlackRock, Inc. | $6,844,940 | 218,968 | 0.13% | Shares |
| Sio Capital Management, LLC | $6,517,710 | 208,500 | 0.12% | Shares |
| Atle Fund Management AB | $6,206,891 | 198,557 | 0.12% | Shares |
| TRV GP VI, LLC | $6,069,879 | 194,174 | 0.11% | Shares |
| Walleye Capital LLC | $6,010,360 | 192,270 | 0.11% | Shares |
| Swiss National Bank | $5,858,124 | 187,400 | 0.11% | Shares |
| VANGUARD GROUP INC | $5,714,806 | 645,012 | 0.11% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $5,664,687 | 181,212 | 0.11% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $5,525,142 | 176,748 | 0.10% | Shares |
| RHUMBLINE ADVISERS | $5,474,643 | 175,133 | 0.10% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $4,897,973 | 156,685 | 0.09% | Shares |
| Burkehill Global Management, LP | $4,689,000 | 150,000 | 0.09% | Shares |
| SEVEN GRAND MANAGERS, LLC | $4,689,000 | 150,000 | 0.09% | Shares |
| Ghisallo Capital Management LLC | $4,689,000 | 150,000 | 0.09% | Shares |
| CITIGROUP INC | $4,497,626 | 143,878 | 0.08% | Shares |
| Informed Momentum Co LLC | $4,189,278 | 134,014 | 0.08% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,888,744 | 124,400 | 0.07% | Call option |
| XTX Topco Ltd | $3,697,589 | 118,285 | 0.07% | Shares |
| PRUDENTIAL FINANCIAL INC | $3,622,565 | 115,885 | 0.07% | Shares |
| ALLIANCEBERNSTEIN L.P. | $3,347,409 | 160,010 | 0.06% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,313,091 | 105,985 | 0.06% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $3,161,042 | 101,121 | 0.06% | Shares |
| Monashee Investment Management LLC | $3,126,000 | 100,000 | 0.06% | Shares |
| Balyasny Asset Management L.P. | $3,126,000 | 100,000 | 0.06% | Call option |
| ExodusPoint Capital Management, LP | $3,063,949 | 98,015 | 0.06% | Shares |
| CITADEL ADVISORS LLC | $2,991,582 | 95,700 | 0.06% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,935,314 | 93,900 | 0.05% | Put option |
Company insiders 20 insiders · 7 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Malte Peters | President & CEO | Jan. 8, 2026 A | 367,500 | 0 | 0 | $0 |
| Matthew Gall | Chief Financial Officer | May 1, 2026 A | 40,000 | 0 | 0 | $0 |
| Daniella Beckman | Chief Financial Officer | Feb. 2, 2026 A | 184,297 | 0 | 2 | $-126,559 |
| Barbara Weber | Director, Executive Chair | Feb. 2, 2026 A | 1,629,254 | 0 | 2 | $-374,376 |
| Douglas Barry | General Counsel | Feb. 5, 2025 S | 66,014 | 0 | 0 | $0 |
| Alan Huang | Chief Scientific Officer | March 1, 2023 A | 167,584 | 0 | 0 | $0 |
| Marc Rudoltz | Chief Medical Officer | Nov. 1, 2021 A | — | 0 | 0 | $0 |
| Robert Azelby | Director | June 19, 2026 A | 5,740 | 0 | 0 | $0 |
| John B Ketchum | Director | June 5, 2026 A | 24,937 | 0 | 0 | $0 |
| Mace Rothenberg | Director | June 5, 2026 A | 41,500 | 0 | 0 | $0 |
| Sung Lee | Director | June 5, 2026 A | 22,870 | 0 | 0 | $0 |
| Lesley Ann Calhoun | Director | June 5, 2026 A | 16,500 | 0 | 0 | $0 |
| Alexis Borisy | Director | June 5, 2025 A | 17,500 | 0 | 0 | $0 |
| Reid M Huber | Director | June 6, 2023 A | 5,000 | 0 | 0 | $0 |
| Tango Therapeutics, Inc. | Director | Dec. 8, 2021 A | 3,400 | 0 | 0 | $0 |
| EcoR1 Capital, LLC | 10% owner | Nov. 7, 2024 S | 10,630,736 | 0 | 0 | $0 |
| Adam Crystal | — | Aug. 3, 2026 M | 115,743 | 0 | 15 | $-5,724,378 |
| Davis Aaron I. | — | Sept. 3, 2024 J | 5,000 | 0 | 0 | $0 |
| Aaron Weitzman | — | Dec. 1, 2022 A | — | 0 | 0 | $0 |
| BCTG Holdings, LLC | — | Nov. 20, 2020 S | 4,488,450 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 5 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 |
|---|---|---|---|---|---|
| Third Rock Ventures IV, L.P., Third Rock Ventures GP IV, L.P., TRV GP IV, LLC ×3 filings | Feb. 10, 2026 | 4.74% | Amendment | — | SEC |
| BCTG Holdings, LLC, MVA Investors, LLC, Davis Aaron I., Boxer Capital Management, LLC ×7 filings | Jan. 2, 2025 | 10.00% | Amendment | — | SEC |
| Boxer Asset Management Inc., Braslyn Ltd., Joe Lewis | Oct. 15, 2024 | — | Initial filing | — | SEC |
| Boxer Capital Management, LLC, Boxer Capital, LLC, MVA Investors, LLC, Aaron I. Davis | Oct. 15, 2024 | — | Initial filing | — | SEC |
| Third Rock Ventures IV, L.P. (2), Third Rock Ventures GP IV, L.P. (2), TRV GP IV, LLC (2) ×2 filings | Sept. 4, 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 40 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 |
|---|---|---|---|---|
| PTH · Invesco Exchange-Traded Fund Trust | 2.07% | 188,550 SH | Aug. 8, 2026 | Daily |
| BBC · ETFis Series Trust I | 1.71% | 29,518 NS | April 30, 2026 | N-PORT |
| DWAS · Invesco Exchange-Traded Fund Trust … | 1.26% | 208,730 SH | Aug. 8, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.58% | 278,656 NS | April 30, 2026 | N-PORT |
| LABU · Direxion Shares ETF Trust | 0.47% | 112,975 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.30% | 165,931 NS | April 30, 2026 | N-PORT |
| IBB · iShares Trust | 0.27% | 877,490 SH | Aug. 8, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.27% | 7,871 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.26% | 150,730 SH | Aug. 8, 2026 | Daily |
| IWO · iShares Trust | 0.25% | 1,280,778 SH | Aug. 8, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.23% | 146,692 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.15% | 4,978 NS | May 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.13% | 810,623 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.13% | 3,593,320 SH | Aug. 8, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.12% | 25,999 NS | April 30, 2026 | N-PORT |
| ISCG · iShares Trust | 0.09% | 29,437 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.07% | 48,104 NS | April 30, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.07% | 32,613 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.07% | 75,650 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.07% | 65,532 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.06% | 5,226 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.05% | 471,380 NS | May 31, 2026 | N-PORT |
| ISCB · iShares Trust | 0.04% | 4,243 SH | Aug. 8, 2026 | Daily |
| VXF · VANGUARD INDEX FUNDS | 0.04% | 1,418,754 SH | Aug. 8, 2026 | Daily |
| VHT · VANGUARD WORLD FUND | 0.04% | 281,272 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.04% | 4,088 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.03% | 6,197 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.03% | 4,138 NS | May 31, 2026 | N-PORT |
| FHLC · FIDELITY COVINGTON TRUST | 0.02% | 20,381 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 3,996 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 104 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 4,396,603 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.01% | 11,571 SH | Aug. 8, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.01% | 61,068 NS | April 30, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.01% | 36,046 NS | May 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.01% | 39,761 SH | Aug. 8, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 151,725 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 60,195 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 4,480 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 5,276 NS | April 30, 2026 | N-PORT |