TREE LendingTree, Inc. - Common Stock
$31.06
Price · Aug 25, 2026
Fundamentals as of Jul 31, 2026
52W Range
$30–$77
3% of range
Analyst Rating
BUY
12 analysts
Price Target
$56
+80% upside
P/E (TTM)
3.6
ROE
74.7%
Net Profit Margin
13.5%
About LendingTree, Inc. - Common Stock Company overview from Wikipedia
LendingTree, Inc. is an online lending marketplace, founded in 1996 and headquartered in Charlotte, North Carolina. The business platform allows potential borrowers to connect with multiple loan operators to find optimal terms for loans, credit cards, deposit accounts, insurance, etc. LendingTree allows borrowers to shop and compare competitive rates and terms across an array of financial products. Other additional services include financing tools, comparative loan searches and borrowing information.
Read more
LendingTree, Inc. is an online lending marketplace, founded in 1996 and headquartered in Charlotte, North Carolina. The business platform allows potential borrowers to connect with multiple loan operators to find optimal terms for loans, credit cards, deposit accounts, insurance, etc. LendingTree allows borrowers to shop and compare competitive rates and terms across an array of financial products. Other additional services include financing tools, comparative loan searches and borrowing information.
History
Founding
After graduating from Bucknell University, Doug Lebda went to work for PricewaterhouseCoopers in Pittsburgh as an auditor and consultant. During the process of purchasing his first home via a mortgage, he found the process of comparing numerous resources time-consuming. Lebda sought a better way to improve this process in the marketplace. Lebda subsequently started CreditSource USA in late 1996; a year later the new company was rebranded as LendingTree. In 1998, LendingTree was launched online.
IAC ownership
LendingTree went through an initial public offering (IPO) on February 15, 2000. In May 2003, LendingTree was acquired by IAC/InterActiveCorp, former owner of Ticketmaster, Home Shopping Network and Match.com. In 2004, LendingTree acquired HomeLoanCenter.com and formed LendingTree Loans. After five years, LendingTree spun off from IAC to join newly established Tree.com, Inc. Tree.com was the parent company of several brands and businesses in the financial services and real estate industries including LendingTree.com; GetSmart.com; DegreeTree.com; LendingTreeAutos.com; and DoneRight.com.
In 2015, LendingTree disassembled the Tree.com umbrella to focus on its core brand, LendingTree, which incorporated business loans, personal loans, debt consolidation, free credit scores, and student loans along with its core mortgage products home loans, mortgage refinance, and home equity.
Since 2019, LendingTree has served as the official name sponsor of the annual college football bowl played in Mobile, Alabama, the LendingTree Bowl.
On October 13, 2025, LendingTree announced that founder and CEO Doug Lebda died the previous day in an all-terrain vehicle collision. The company named COO Scott Peyree as the new CEO, and Steve Ozonian as chairman of the board.
Acquisitions
In 2009, LendingTree acquired the personal financial management website Thrive. In August 2016, it acquired SimpleTuition, a company focused on student loans. Subsequent acquisitions include CompareCards (2016), DepositAccounts.com (2017), MagnifyMoney (2017), SnapCap (2017), Student Loan Hero (2018), QuoteWizard (2018), and ValuePenguin (2018).
2024 data breach
In 2024, the Lending Tree platform QuoteWizard suffered a data breach and extortion attempt as part of the 2024 Snowflake mass hacking campaign. The stolen data included personally identifiable information (PII) of nearly 50 million customers. It also included partial customer driver's license numbers, driving histories, risk profiles, and auto information such as auto make/model and VIN numbers
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
TREE Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$31.06
Market Cap
$538M
P/E (TTM)
3.6
EPS (TTM)
$10.78
Revenue (TTM)
$1.12B
Div Yield
—
ROE
74.7%
Debt/Equity
1.4
52W Range
$30 – $77
TREE 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
$1.12B
2016-12-31
→
2025-12-31
EPS
$10.78
2016-12-31
→
2025-12-31
Free Cash Flow
$61M
2016-12-31
→
2025-12-31
Margins
13.5%
2019-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
TREE
Peer Median
P/E (TTM)
3.6
8.7
P/S (TTM)
0.5
0.6
P/B
1.9
0.8
EV / EBITDA
10.4
—
Price / FCF
8.9
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
TREE
Peer Median
Gross Margin
31.5%
93.0%
Operating Margin
5.8%
—
Net Profit Margin
13.5%
6.0%
ROA
18.6%
0.82%
ROE
74.7%
7.3%
ROIC
68.8%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
TREE
Peer Median
Debt / Equity
1.4
—
Current Ratio
1.7
0.5
Quick Ratio
1.4
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
TREE
Peer Median
Revenue YoY
24.1%
—
Revenue CAGR 3Y
4.3%
—
Revenue CAGR 5Y
4.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
TREE
Peer Median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
—
Payout Ratio
—
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Dec. 13, 2012 | $1.0000 |
TREE 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 · 2026-08-20
Median
$56.50
← Below all targets
$31.06
Low
$45.00
High
$70.00
Median target
$56.50
+81.9%
Mean target
$56.00
+80.3%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.08%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.50 | $1.20 | 0.30% |
| March 31, 2026 | $1.98 | $1.50 | 0.48% |
| Dec. 31, 2025 | $-0.39 | $0.89 | -1.3% |
| Sept. 30, 2025 | $1.70 | $1.18 | 0.52% |
| June 30, 2025 | $1.13 | $1.03 | 0.10% |
| March 31, 2025 | $0.99 | $0.67 | 0.32% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| TREE | $731M | 4.9 | 24.1% | 13.5% | 74.7% | 31.5% |
| WRLD | — | 19.6 | 3.7% | — | — | — |
| GDOT | — | — | 20.7% | — | — | — |
| PRAA | $680M | -2.3 | 7.8% | -25.4% | -28.9% | — |
| NRDS | $966M | 21.2 | 21.7% | 5.8% | 12.7% | — |
| OPFI | — | 10.6 | — | — | 57.7% | — |
| OPRT | — | 10.0 | -4.5% | — | — | — |
| RM | $370M | 8.7 | 9.7% | 6.9% | 12.1% | — |
| MFIN | — | — | — | — | — | — |
| CPSS | $204M | 11.7 | 10.4% | 4.5% | 12.5% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.12B | $900M | $673M | $985M | $1.10B | $910M | $1.11B | $765M | $618M | $384M | $254M | $167M | |
| Cost of Revenue | $43M | $36M | $39M | $58M | $57M | $54M | $68M | $36M | $17M | $14M | $9M | $8M | |
| Gross Profit | $352M | $310M | $290M | $369M | $410M | $369M | $432M | $305M | $251M | · | · | · | |
| R&D Expense | $45M | $46M | $47M | $56M | $53M | $44M | $40M | $27M | $18M | $14M | $10M | $7M | |
| SG&A Expense | $113M | $109M | $118M | $152M | $153M | $129M | $117M | $101M | $72M | $37M | $30M | $26M | |
| Operating Expenses | $1.05B | $856M | $713M | $1.02B | $1.09B | $917M | $1.06B | $709M | $585M | $332M | $226M | $168M | |
| Operating Income | $65M | $45M | $-41M | $-33M | $8M | $-7M | $51M | $56M | $33M | $52M | $29M | $-969.0K | |
| Interest Expense | · | · | · | $26M | $47M | $36M | $20M | $12M | $7M | $561.0K | $171.0K | $2.0K | |
| Other Non-op | $3M | $-54M | $-106M | $4M | $123M | · | · | · | · | · | · | · | |
| Pretax Income | $21M | $-37M | $-125M | $-55M | $84M | $-43M | $31M | $44M | $26M | $52M | $28M | $-971.0K | |
| Income Tax | $-130M | $4M | $-3M | $133M | $11M | $-20M | $-8M | $-66M | $6M | $20M | $-23M | $-484.0K | |
| Net Income | $151M | $-42M | $-122M | $-188M | $69M | $-48M | · | · | · | · | · | · | |
| EPS (Basic) | $11.14 | $-3.14 | $-9.46 | $-14.69 | $5.24 | $-3.71 | $1.39 | $7.72 | $1.30 | $2.33 | $4.17 | $0.84 | |
| EPS (Diluted) | $10.78 | $-3.14 | $-9.46 | $-14.69 | $5.05 | $-3.71 | $1.22 | $6.85 | $1.14 | $2.15 | $3.83 | $0.84 | |
| Shares (Basic) | 13,584,000 | 13,269,000 | 12,941,000 | 12,793,000 | 13,199,000 | 13,007,000 | 12,834,000 | 12,504,000 | 11,945,000 | 11,812,000 | 11,516,000 | 11,188,000 | |
| Shares (Diluted) | 14,062,000 | 13,269,000 | 12,941,000 | 12,793,000 | 13,695,000 | 13,007,000 | 14,619,000 | 14,097,000 | 13,682,000 | 12,773,000 | 12,541,000 | 11,188,000 | |
| EBITDA | $81M | $63M | $-22M | $-13M | $26M | $8M | $62M | $64M | $40M | $57M | $32M | $2M |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $81M | $107M | $112M | $299M | $251M | $170M | $60M | $105M | $369M | $91M | $207M | $86M | |
| Receivables | $111M | $98M | $55M | $83M | $98M | $90M | $113M | $91M | $53M | $41M | $30M | $14M | |
| Prepaid Expense | $38M | $34M | $29M | $26M | $25M | $28M | $16M | $16M | $12M | $4M | $2M | $931.0K | |
| Current Assets | $230M | $238M | $196M | $414M | $374M | $296M | $189M | $234M | $438M | $141M | $246M | $120M | |
| PP&E (Net) | $33M | $43M | $50M | $59M | $72M | $62M | $31M | $23M | $36M | $35M | $9M | $5M | |
| PP&E (Gross) | $61M | $76M | $87M | $93M | $101M | $83M | $49M | $37M | $49M | $45M | $16M | $20M | |
| Accum. Depreciation | $28M | $33M | $37M | $34M | $28M | $20M | $18M | $14M | $13M | $10M | $7M | $15M | |
| Goodwill | $382M | $382M | $382M | $420M | $420M | $420M | $420M | $348M | $113M | $56M | $4M | $4M | |
| Intangibles | $38M | $43M | $51M | $58M | $86M | $129M | $182M | $206M | $81M | $72M | $11M | $11M | |
| Other Non-current Assets | $17M | $7M | $6M | $6M | $7M | $5M | $4M | $2M | $2M | $810.0K | $1M | $102.0K | |
| Total Assets | $856M | $768M | $803M | $1.20B | $1.30B | $1.19B | $948M | $896M | $693M | $323M | $296M | $140M | |
| Accrued Liabilities | $127M | $107M | $71M | $75M | $107M | $101M | $113M | $93M | $77M | $49M | $35M | $26M | |
| Current Liabilities | $137M | $240M | $76M | $83M | $274M | $112M | $231M | $262M | $148M | $67M | $54M | $39M | |
| Capital Leases | $44M | $69M | $75M | $88M | $96M | $92M | $21M | · | · | · | · | · | |
| Deferred Tax | $0 | $5M | $2M | $7M | $2M | $0 | $0 | $894.0K | $0 | · | $0 | $5M | |
| Other Non-current Liabilities | $140.0K | $131.0K | $267.0K | $308.0K | $351.0K | $362.0K | $5M | $8M | $2M | $2M | $586.0K | $0 | |
| Total Liabilities | $569M | $659M | $679M | $991M | $851M | $824M | $546M | $550M | $399M | $92M | $55M | $44M | |
| Long-term Debt | $392M | $469M | $529M | $816M | $644M | $611M | $339M | $376M | $238M | · | · | · | |
| Total Debt | $392M | $469M | $529M | $816M | $644M | $611M | $339M | $376M | $238M | · | · | · | |
| Retained Earnings | $-728M | $-879M | $-838M | $-715M | $-572M | $-641M | $-593M | $-610M | $-708M | $-723M | $-750M | $-798M | |
| Treasury Stock | $266M | $266M | $266M | $266M | $223M | $183M | $183M | $178M | $85M | $64M | $16M | $15M | |
| Stockholders' Equity | $287M | $109M | $124M | $208M | $448M | $365M | $402M | $346M | $295M | $231M | $241M | $96M | |
| Liabilities + Equity | $856M | $768M | $803M | $1.20B | $1.30B | $1.19B | $948M | $896M | $693M | $323M | $296M | $140M | |
| Shares Outstanding | 13,769,371 | 16,747,000 | 16,397,000 | 16,167,000 | 16,071,000 | 15,766,000 | 15,677,000 | 12,809,764 | 11,979,434 | 11,791,633 | 12,392,093 | 11,386,240 |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $16M | $18M | $19M | $20M | $18M | $14M | $11M | $7M | $7M | $5M | $3M | $3M | |
| Stock-based Comp | $29M | $29M | $40M | $60M | $69M | $54M | $52M | $44M | $23M | $10M | $9M | $7M | |
| Deferred Tax | $-130M | $3M | $-5M | $133M | $11M | $-10M | $-9M | $-64M | $-6M | $6M | $-30M | $106.0K | |
| Amort. of Intangibles | $5M | $6M | $8M | $25M | $43M | $53M | $55M | $23M | $13M | $1M | $149.0K | $136.0K | |
| Restructuring | $2M | $508.0K | $10M | $4M | $53.0K | $295.0K | $1M | $2M | $404.0K | $122.0K | $422.0K | $373.0K | |
| Other Non-cash | $6M | $54M | $136M | $19M | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $73M | $62M | $68M | $43M | $131M | $111M | $157M | $124M | $104M | $64M | $37M | $9M | |
| CapEx | $12M | $11M | $13M | $11M | $35M | $42M | $20M | $15M | $8M | $32M | $7M | $4M | |
| Investing Cash Flow | $-10M | $-11M | $-12M | $-28M | $10M | $-122M | $-101M | $-383M | $-74M | · | · | · | |
| Stock Issued | · | · | · | · | · | · | · | $2M | $2M | $-4M | $-8M | $-5M | |
| Stock Repurchased | · | $0 | $0 | $43M | $40M | $0 | $5M | $94M | $20M | $49M | $218.0K | $3M | |
| Net Stock Activity | · | $0 | $0 | $-43M | $-40M | $0 | $-5M | $-91M | $-18M | $-53M | $-8M | $-7M | |
| Dividends Paid | · | · | · | · | · | · | · | · | $0 | $0 | $131.0K | $229.0K | |
| Financing Cash Flow | $-89M | $-57M | $-242M | $33M | $-63M | $193M | $-88M | $5M | $253M | · | · | · | |
| Net Change in Cash | $-26M | $-5M | $-187M | $48M | $81M | $110M | $-45M | · | $277M | $-116M | $121M | $-5M | |
| Taxes Paid | $2M | · | · | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $61M | $51M | $55M | $32M | $96M | $69M | $137M | $109M | $95M | $26M | $25M | $5M | |
| Levered FCF | · | · | · | $-57M | $56M | $50M | $111M | $78M | $90M | $26M | $25M | $5M |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 31.5% | 34.4% | 43.1% | 37.5% | 37.4% | 40.6% | 39.1% | · | · | · | · | · | |
| Operating Margin | 5.8% | 5.0% | -6.0% | -3.3% | 0.73% | -0.73% | 4.6% | 7.3% | 5.4% | 13.6% | 11.2% | -0.58% | |
| Net Margin | 13.5% | -4.6% | -18.2% | -19.1% | · | · | · | · | · | · | · | · | |
| Pretax Margin | 1.9% | -4.2% | -18.6% | -5.6% | 7.7% | -4.7% | 2.8% | 5.7% | 4.2% | 13.4% | 11.2% | -0.58% | |
| EBITDA Margin | 7.3% | 7.0% | -3.2% | -1.3% | 2.4% | 0.83% | 5.6% | 8.3% | 6.5% | 14.8% | 12.4% | 1.4% | |
| ROA | 18.6% | -5.3% | -12.2% | -15.0% | · | · | · | · | · | · | · | · | |
| ROE | 74.7% | -41.1% | -108.0% | -90.7% | · | · | · | · | · | · | · | · | |
| ROIC | 68.8% | 8.6% | -6.1% | -10.9% | 0.64% | -0.36% | 8.7% | 19.4% | 4.7% | 13.6% | 21.4% | -0.50% |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 1.0 | 2.6 | 5.0 | 1.4 | 2.7 | 0.8 | 0.9 | 3.0 | 2.1 | 4.5 | 3.1 | |
| Quick Ratio | 1.4 | 0.8 | 2.2 | 4.6 | 1.3 | 2.3 | 0.8 | 0.7 | 2.9 | 2.0 | 4.4 | 2.6 | |
| Debt / Equity | 1.4 | 4.3 | 4.3 | 3.9 | 1.4 | 1.7 | 0.8 | 1.1 | 0.8 | · | · | · | |
| LT Debt / Equity | 1.4 | 3.2 | 4.2 | 3.9 | 1.1 | 1.7 | 0.7 | 0.7 | 0.8 | · | · | · | |
| Interest Coverage | · | · | · | -1.3 | 0.2 | -0.2 | 2.5 | 4.5 | 4.7 | 92.9 | 166.7 | -484.5 |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.4 | 1.1 | 0.7 | 0.8 | 0.9 | 0.9 | 1.2 | 1.0 | 1.2 | 1.2 | 1.2 | 1.1 | |
| Receivables Turnover | 10.7 | 11.8 | 9.7 | 10.9 | 11.7 | 9.0 | 10.8 | 10.6 | 13.0 | 10.8 | 11.7 | 12.6 |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 24.1% | 33.9% | -31.7% | -10.3% | 20.7% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 4.3% | -6.4% | -9.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 4.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.12B | $900M | $673M | $985M | $1.10B | $910M | $1.11B | $765M | $618M | $384M | $254M | $167M | |
| Net Income TTM | $151M | $-42M | $-122M | $-188M | $69M | $-48M | · | · | · | · | · | · | |
| Market Cap | $731M | $519M | $395M | $273M | $1.61B | $3.59B | $3.96B | $2.81B | $4.08B | $1.20B | $1.11B | $550M | |
| Enterprise Value | $1.04B | $881M | $812M | $790M | $2.00B | $4.03B | $4.23B | $3.08B | $3.95B | · | · | · | |
| P/E | 4.9 | -12.3 | -3.2 | -1.5 | 24.3 | -73.8 | 248.7 | 32.1 | 298.6 | 47.1 | 23.3 | 57.5 | |
| P/S | 0.7 | 0.6 | 0.6 | 0.3 | 1.5 | 3.9 | 3.6 | 3.7 | 6.6 | 3.1 | 4.4 | 3.3 | |
| P/B | 2.5 | 4.8 | 3.2 | 1.3 | 3.6 | 9.9 | 9.8 | 8.1 | 13.8 | 5.2 | 4.6 | 5.7 | |
| P / Cash Flow | 10.0 | 8.3 | 5.9 | 6.4 | 12.2 | 32.3 | 25.2 | 22.7 | 39.4 | 20.4 | 34.0 | 60.7 | |
| P / FCF | 12.0 | 10.2 | 7.2 | 8.7 | 16.7 | 52.0 | 28.8 | 25.8 | 42.7 | 45.1 | 43.6 | 105.5 | |
| EV / EBITDA | 12.8 | 14.0 | -37.7 | -62.4 | 77.0 | 531.1 | 68.6 | 48.5 | 98.2 | · | · | · | |
| EV / FCF | 17.2 | 17.3 | 14.8 | 25.1 | 20.8 | 58.4 | 30.9 | 28.3 | 41.3 | · | · | · | |
| EV / Revenue | 0.9 | 1.0 | 1.2 | 0.8 | 1.8 | 4.4 | 3.8 | 4.0 | 6.4 | · | · | · | |
| Dividend Yield | · | · | · | · | · | · | · | · | 0.00% | 0.00% | 0.01% | 0.04% | |
| Earnings Yield | 20.3% | -8.1% | -31.2% | -68.9% | 4.1% | -1.4% | 0.40% | 3.1% | 0.33% | 2.1% | 4.3% | 1.7% | |
| Annual Payout | · | · | · | · | · | · | · | · | $0 | $0 | $131.0K | $229.0K |
Income Statement 16
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $313M | $327M | $320M | $308M | $250M | $240M | $262M | $261M | $210M | $168M | $134M | $155M | $182M | $201M | $202M | $238M | |
| Cost of Revenue | $11M | $12M | $12M | $11M | $10M | $10M | $10M | $9M | $8M | $9M | $8M | $8M | $9M | $14M | $14M | $14M | |
| Gross Profit | $89M | $101M | $93M | $95M | $85M | $79M | $88M | $79M | $72M | $71M | $62M | $69M | $79M | $80M | $83M | $92M | |
| R&D Expense | $10M | $11M | $11M | $11M | $11M | $12M | $13M | $11M | $10M | $12M | $11M | $11M | $11M | $15M | $13M | $14M | |
| SG&A Expense | $26M | $28M | $31M | $26M | $25M | $31M | $29M | $27M | $27M | $26M | $25M | $26M | $29M | $37M | $37M | $40M | |
| Operating Expenses | $292M | $296M | $297M | $279M | $229M | $247M | $244M | $251M | $201M | $161M | $135M | $189M | $176M | $214M | $209M | $256M | |
| Operating Income | $22M | $31M | $22M | $29M | $21M | $-7M | $18M | $10M | $10M | $7M | $-221.0K | $-34M | $7M | $-13M | $-7M | $-19M | |
| Other Non-op | $832.0K | $369.0K | $630.0K | $732.0K | $248.0K | $1M | $1M | $-57M | $1M | $1M | $3M | $-111M | $439.0K | $2M | $2M | $2M | |
| Pretax Income | $14M | $23M | $13M | $12M | $11M | $-15M | $9M | $-58M | $9M | $2M | $13M | $-152M | $112.0K | $14M | $-11M | $-23M | |
| Income Tax | $5M | $6M | $-131M | $1M | $2M | $-2M | $2M | $447.0K | $2M | $559.0K | $397.0K | $-4M | $227.0K | $395.0K | $-935.0K | $136M | |
| Net Income | $10M | $17M | $145M | $10M | $9M | $-12M | $8M | $-58M | $8M | $1M | $13M | $-148M | $-115.0K | $13M | $-10M | $-159M | |
| EPS (Basic) | $0.69 | $1.25 | $10.66 | $0.75 | $0.65 | $-0.92 | $0.54 | $-4.34 | $0.58 | $0.08 | $0.93 | $-11.43 | $-0.01 | $1.05 | $-0.78 | $-12.44 | |
| EPS (Diluted) | $0.68 | $1.22 | $10.32 | $0.73 | $0.65 | $-0.92 | $0.54 | $-4.34 | $0.58 | $0.08 | $0.94 | $-11.43 | $-0.01 | $1.04 | $-0.78 | $-12.44 | |
| Shares (Basic) | 13,965,000 | 13,824,000 | -27,029,000 | 13,623,000 | 13,549,000 | 13,441,000 | -26,437,000 | 13,349,000 | 13,257,000 | 13,100,000 | -25,813,000 | 12,993,000 | 12,915,000 | 12,846,000 | -25,589,000 | 12,758,000 | |
| Shares (Diluted) | 14,054,000 | 14,137,000 | -27,017,000 | 13,988,000 | 13,650,000 | 13,441,000 | -26,763,000 | 13,349,000 | 13,407,000 | 13,276,000 | -25,902,000 | 12,993,000 | 12,915,000 | 12,935,000 | -25,589,000 | 12,758,000 | |
| EBITDA | $26M | $35M | · | $33M | $25M | $-3M | · | $15M | $14M | $12M | · | $-29M | $11M | $-8M | · | $-13M |
Balance Sheet 24
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $111M | $86M | $81M | $69M | $149M | $126M | $107M | $97M | $67M | $231M | · | $176M | $163M | $150M | · | $286M | |
| Receivables | $149M | $117M | $111M | $149M | $126M | $85M | $98M | $125M | $108M | $63M | · | $64M | $76M | $84M | · | $96M | |
| Prepaid Expense | $40M | $41M | $38M | $41M | $42M | $42M | $34M | $30M | $31M | $32M | · | $27M | $26M | $28M | · | $28M | |
| Current Assets | $300M | $244M | $230M | $259M | $319M | $254M | $238M | $252M | $206M | $326M | · | $267M | $264M | $262M | · | $410M | |
| PP&E (Net) | $30M | $31M | $33M | $34M | $39M | $41M | $43M | $45M | $46M | $48M | · | $54M | $57M | $57M | · | $65M | |
| PP&E (Gross) | · | · | $61M | · | · | · | $76M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | $31M | $30M | $28M | $26M | $31M | $32M | $33M | $38M | $36M | $37M | · | $37M | $36M | $35M | · | $33M | |
| Goodwill | $382M | $382M | $382M | $382M | $382M | $382M | $382M | $382M | $382M | $382M | $382M | $382M | $420M | $420M | $420M | $420M | |
| Intangibles | $36M | $37M | $38M | $39M | $41M | $42M | $43M | $46M | $48M | $49M | · | $52M | $54M | $56M | · | $64M | |
| Other Non-current Assets | $20M | $20M | $17M | $6M | $5M | $5M | $7M | $8M | $6M | $6M | · | $6M | $6M | $6M | · | $6M | |
| Total Assets | $912M | $864M | $856M | $760M | $836M | $777M | $768M | $787M | $802M | $927M | · | $885M | $1.04B | $1.04B | · | $1.21B | |
| Accrued Liabilities | $111M | $118M | $127M | $125M | $113M | $100M | $107M | $97M | $95M | $70M | · | $67M | $74M | $85M | · | $84M | |
| Current Liabilities | $162M | $129M | $137M | $181M | $261M | $213M | $240M | $272M | $113M | $88M | · | $71M | $80M | $92M | · | $92M | |
| Capital Leases | $42M | $43M | $44M | $52M | $66M | $68M | $69M | $71M | $72M | $74M | · | $83M | $85M | $87M | · | $91M | |
| Deferred Tax | · | · | $0 | $6M | $6M | $5M | $5M | $4M | $3M | $2M | · | $2M | $7M | $7M | · | $8M | |
| Other Non-current Liabilities | $143.0K | $142.0K | $140.0K | $157.0K | $153.0K | $153.0K | $131.0K | $130.0K | $266.0K | $278.0K | · | $253.0K | $338.0K | $329.0K | · | $281.0K | |
| Total Liabilities | $591M | $559M | $569M | $628M | $718M | $673M | $659M | $693M | $656M | $795M | · | $782M | $797M | $811M | · | $1.00B | |
| Long-term Debt | $390M | $391M | $392M | $392M | $491M | $494M | $469M | $472M | $483M | $646M | · | $628M | $628M | $628M | · | $816M | |
| Total Debt | $390M | $391M | · | $392M | $491M | $494M | · | $472M | $483M | $646M | · | $628M | $628M | $628M | · | $816M | |
| Retained Earnings | $-701M | $-711M | $-728M | $-873M | $-883M | $-892M | $-879M | $-887M | $-829M | $-837M | · | $-850M | $-702M | $-702M | · | $-705M | |
| Treasury Stock | $266M | $266M | $266M | $266M | $266M | $266M | $266M | $266M | $266M | $266M | · | $266M | $266M | $266M | · | $266M | |
| Stockholders' Equity | $321M | $305M | $287M | $132M | $118M | $104M | $109M | $94M | $146M | $132M | $124M | $103M | $242M | $231M | $208M | $206M | |
| Liabilities + Equity | $912M | $864M | $856M | $760M | $836M | $777M | $768M | $787M | $802M | $927M | · | $885M | $1.04B | $1.04B | · | $1.21B | |
| Shares Outstanding | 14,034,240 | 13,953,018 | 13,769,371 | 13,637,757 | 13,611,185 | 13,533,833 | 13,391,090 | 13,360,355 | 13,339,928 | 13,221,980 | 16,397,000 | 13,001,846 | 12,968,209 | 12,909,711 | 16,167,000 | 12,784,637 |
Cash Flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $4M | $4M | $4M | $4M | $4M | $4M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | |
| Stock-based Comp | $6M | $4M | $9M | $5M | $5M | $10M | $6M | $7M | $7M | $8M | $8M | $10M | $10M | $11M | $12M | $16M | |
| Deferred Tax | $5M | $6M | $-131M | $400.0K | $402.0K | $396.0K | $1M | $569.0K | $876.0K | $128.0K | $-403.0K | $-5M | $226.0K | $360.0K | $-1M | $136M | |
| Amort. of Intangibles | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $2M | $2M | $4M | $7M | |
| Restructuring | $2M | $939.0K | $398.0K | $80.0K | $357.0K | $798.0K | $10.0K | $273.0K | $202.0K | $23.0K | $151.0K | $2M | $4M | $4M | $668.0K | $0 | |
| Other Non-cash | · | $-19M | · | · | · | $-2M | · | · | · | $-8M | · | · | · | $-17M | · | · | |
| Operating Cash Flow | $29M | $12M | $17M | $29M | $28M | $-210.0K | $16M | $45M | $-5M | $6M | $21M | $18M | $15M | $13M | $17M | $10M | |
| CapEx | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $5M | $2M | $2M | $2M | $3M | |
| Investing Cash Flow | $-3M | $-3M | $-3M | $-768.0K | $-3M | $-3M | $-3M | $-3M | $-3M | $-3M | $-3M | $-5M | $-2M | $-2M | $-2M | $-3M | |
| Stock Repurchased | · | · | · | · | · | · | · | · | · | · | · | $0 | $0 | $0 | $0 | $0 | |
| Net Stock Activity | · | · | · | · | · | · | · | · | · | · | · | · | · | $0 | · | · | |
| Financing Cash Flow | $-752.0K | $-4M | $-1M | $-109M | $-2M | $23M | $-4M | $-12M | $-156M | $116M | $-82M | $-485.0K | $-100.0K | $-160M | $-875.0K | $-1M | |
| Net Change in Cash | $25M | $4M | $12M | $-81M | $23M | $20M | $10M | $30M | $-164M | $119M | $-64M | $13M | $13M | $-149M | $13M | $6M | |
| Free Cash Flow | · | $9M | · | · | · | $-4M | · | · | · | $3M | · | · | · | $11M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.3% | 30.8% | · | 30.7% | 34.0% | 33.0% | · | 30.1% | 34.5% | 42.0% | · | 44.5% | 43.0% | 39.9% | · | 38.8% | |
| Operating Margin | 7.0% | 9.5% | · | 9.3% | 8.4% | -3.0% | · | 3.8% | 4.6% | 4.3% | · | -21.9% | 3.6% | -6.5% | · | -7.8% | |
| Net Margin | 3.0% | 5.3% | · | 3.3% | 3.5% | -5.2% | · | -22.2% | 3.7% | 0.61% | · | -95.7% | -0.06% | 6.7% | · | -66.7% | |
| Pretax Margin | 4.5% | 7.0% | · | 3.8% | 4.3% | -6.2% | · | -22.1% | 4.5% | 0.94% | · | -98.0% | 0.06% | 6.9% | · | -9.6% | |
| EBITDA Margin | 8.3% | 10.8% | · | 10.6% | 10.1% | -1.2% | · | 5.6% | 6.8% | 7.1% | · | -18.8% | 6.2% | -4.1% | · | -5.6% | |
| ROA | 1.1% | 2.1% | · | 1.3% | 1.1% | -1.5% | · | -6.9% | 0.84% | 0.10% | · | -14.2% | -0.01% | 1.1% | · | -12.7% | |
| ROE | 4.4% | 8.5% | · | 9.0% | 6.7% | -10.5% | · | -58.9% | 4.0% | 0.56% | · | -96.1% | -0.04% | 4.7% | · | -49.8% | |
| ROIC | 2.1% | 3.4% | · | 4.8% | 2.8% | -0.99% | · | 1.8% | 1.2% | 0.60% | · | -4.5% | -0.78% | -1.5% | · | -12.7% |
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 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.8 | 1.9 | · | 1.4 | 1.2 | 1.2 | · | 0.9 | 1.8 | 3.7 | · | 3.8 | 3.3 | 2.9 | · | 4.5 | |
| Quick Ratio | 1.6 | 1.6 | · | 1.2 | 1.1 | 1.0 | · | 0.8 | 1.5 | 3.4 | · | 3.4 | 3.0 | 2.5 | · | 4.2 | |
| Debt / Equity | 1.2 | 1.3 | · | 3.0 | 4.2 | 4.8 | · | 5.0 | 3.3 | 4.9 | · | 6.1 | 2.6 | 2.7 | · | 4.0 | |
| LT Debt / Equity | 1.2 | 1.3 | · | 2.9 | 3.3 | 3.7 | · | 3.7 | 3.2 | 4.8 | · | 6.1 | 2.6 | 2.7 | · | 3.9 |
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 | 0.4 | 0.4 | · | 0.4 | 0.3 | 0.3 | · | 0.3 | 0.2 | 0.2 | · | 0.1 | 0.2 | 0.2 | · | 0.2 | |
| Receivables Turnover | 2.3 | 3.2 | · | 2.2 | 2.1 | 3.2 | · | 2.8 | 2.3 | 2.3 | · | 1.9 | 1.9 | 2.0 | · | 2.1 |
Valuation (TTM) 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 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.20B | $1.12B | · | $1.06B | $961M | $878M | · | $794M | $716M | $706M | · | $776M | $883M | $983M | · | $1.08B | |
| Net Income TTM | $46M | $24M | · | $-51M | $-54M | $-62M | · | $-198M | $-140M | $-134M | · | $-294M | $-153M | $-164M | · | $-182M | |
| Market Cap | $622M | $598M | · | $883M | $505M | $680M | · | $775M | $555M | $560M | · | $202M | $287M | $344M | · | $305M | |
| Enterprise Value | $901M | $904M | · | $1.21B | $847M | $1.05B | · | $1.15B | $971M | $975M | · | $654M | $752M | $822M | · | $835M | |
| P/E | 13.5 | 25.5 | · | -16.7 | -9.2 | -10.9 | · | -3.8 | -3.9 | -4.1 | · | -0.7 | -1.8 | -2.1 | · | -1.7 | |
| P/S | 0.5 | 0.5 | · | 0.8 | 0.5 | 0.8 | · | 1.0 | 0.8 | 0.8 | · | 0.3 | 0.3 | 0.3 | · | 0.3 | |
| P/B | 1.9 | 2.0 | · | 6.7 | 4.3 | 6.6 | · | 8.2 | 3.8 | 4.3 | · | 2.0 | 1.2 | 1.5 | · | 1.5 | |
| P / Cash Flow | · | 51.8 | · | · | · | -3239.7 | · | · | · | 98.1 | · | · | · | 26.2 | · | · | |
| P / FCF | · | 68.1 | · | · | · | -187.7 | · | · | · | 189.0 | · | · | · | 32.2 | · | · | |
| EV / EBITDA | 34.6 | 25.6 | · | 36.8 | 33.6 | -372.6 | · | 79.4 | 68.4 | 82.3 | · | -22.4 | 66.6 | -100.0 | · | -62.8 | |
| EV / FCF | · | 102.9 | · | · | · | -289.1 | · | · | · | 329.3 | · | · | · | 76.8 | · | · | |
| EV / Revenue | 0.8 | 0.8 | · | 1.1 | 0.9 | 1.2 | · | 1.4 | 1.4 | 1.4 | · | 0.8 | 0.9 | 0.8 | · | 0.8 | |
| Earnings Yield | 7.4% | 3.9% | · | -6.0% | -10.9% | -9.2% | · | -26.0% | -25.9% | -24.4% | · | -147.3% | -54.4% | -48.3% | · | -59.7% |
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 | $1.12B | $900M | $673M | $985M | $1.10B |
| Gross Margin % | 31.5% | 34.4% | 43.1% | 37.5% | 37.4% |
| Operating Margin % | 5.8% | 5.0% | -6.0% | -3.3% | 0.73% |
| Net Income | $151M | $-42M | $-122M | $-188M | $69M |
| Diluted EPS | $10.78 | $-3.14 | $-9.46 | $-14.69 | $5.05 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 1.4 | 4.3 | 4.3 | 3.9 | 1.4 |
| Current Ratio | 1.7 | 1.0 | 2.6 | 5.0 | 1.4 |
| Quick Ratio | 1.4 | 0.8 | 2.2 | 4.6 | 1.3 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $61M | $51M | $55M | $32M | $96M |
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Institutional owners (13F) 209 filers · $353.7M 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 (-4 vs prior Q) | 21 (-11 vs prior Q) | 66 (+2 vs prior Q) | 58 (+9 vs prior Q) | -335K |
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 |
|---|---|---|---|---|
| JENNISON ASSOCIATES LLC | $32,629,329 | 736,720 | 9.23% | Shares |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. | $32,140,146 | 725,675 | 9.09% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $18,752,032 | 423,392 | 5.30% | Shares |
| MILLENNIUM MANAGEMENT LLC | $18,209,169 | 411,135 | 5.15% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $16,567,693 | 374,073 | 4.68% | Shares |
| EMERALD ADVISERS, LLC | $14,823,952 | 334,702 | 4.19% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $14,670,044 | 331,227 | 4.15% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $14,540,107 | 328,234 | 4.11% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $12,052,283 | 272,122 | 3.41% | Shares |
| STATE STREET CORP | $11,513,363 | 259,954 | 3.26% | Shares |
| EMERALD MUTUAL FUND ADVISERS TRUST | $9,667,134 | 218,269 | 2.73% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $8,998,488 | 203,172 | 2.54% | Shares |
| FMR LLC | $8,932,496 | 201,682 | 2.53% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $7,970,251 | 179,956 | 2.25% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $7,276,847 | 164,300 | 2.06% | Shares |
| G2 Investment Partners Management LLC | $6,908,886 | 155,992 | 1.95% | Shares |
| AMERIPRISE FINANCIAL INC | $5,236,053 | 118,222 | 1.48% | Shares |
| S SQUARED TECHNOLOGY, LLC | $4,795,190 | 108,268 | 1.36% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,712,456 | 106,400 | 1.33% | Call option |
| TWO SIGMA INVESTMENTS, LP | $4,330,853 | 97,784 | 1.22% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $4,125,348 | 93,144 | 1.17% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $3,636,430 | 82,105 | 1.03% | Shares |
| OSAIC HOLDINGS, INC. | $3,617,853 | 81,686 | 1.02% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $3,552,279 | 80,205 | 1.00% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,428,046 | 77,400 | 0.97% | Put option |
| VANGUARD FIDUCIARY TRUST CO | $3,325,205 | 75,078 | 0.94% | Shares |
| SEGALL BRYANT & HAMILL, LLC | $2,894,307 | 65,349 | 0.82% | Shares |
| BlackRock, Inc. | $2,532,458 | 57,179 | 0.72% | Shares |
| GOLDMAN SACHS GROUP INC | $2,282,352 | 51,532 | 0.65% | Shares |
| Quantinno Capital Management LP | $2,130,393 | 48,101 | 0.60% | Shares |
| TWO SIGMA ADVISERS, LP | $2,107,673 | 39,700 | 0.60% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $1,887,772 | 42,623 | 0.53% | Shares |
| JANE STREET GROUP, LLC | $1,848,665 | 41,740 | 0.52% | Shares |
| Assenagon Asset Management S.A. | $1,833,429 | 41,396 | 0.52% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $1,821,427 | 41,125 | 0.51% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $1,678,370 | 37,895 | 0.47% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $1,610,690 | 36,366 | 0.46% | Shares |
| JANE STREET GROUP, LLC | $1,532,434 | 34,600 | 0.43% | Call option |
| TEACHER RETIREMENT SYSTEM OF TEXAS | $1,369,092 | 30,912 | 0.39% | Shares |
| WOLVERINE TRADING, LLC | $1,335,800 | 19,737 | 0.38% | Shares |
| Intellectus Partners, LLC | $1,335,344 | 30,150 | 0.38% | Shares |
| Vanguard Global Advisers, LLC | $1,299,646 | 29,344 | 0.37% | Shares |
| MOODY NATIONAL BANK TRUST DIVISION | $1,276,571 | 28,823 | 0.36% | Shares |
| WOLVERINE TRADING, LLC | $1,245,312 | 18,400 | 0.35% | Call option |
| Corient Private Wealth LP | $1,229,491 | 27,760 | 0.35% | Shares |
| Empowered Funds, LLC | $1,111,900 | 25,105 | 0.31% | Shares |
| XTX Topco Ltd | $1,073,855 | 24,246 | 0.30% | Shares |
| Nebula Research & Development LLC | $1,056,532 | 28,501 | 0.30% | Shares |
| Y-Intercept (Hong Kong) Ltd | $1,040,859 | 23,501 | 0.29% | Shares |
| Trexquant Investment LP | $1,040,771 | 23,499 | 0.29% | Shares |
| Swiss National Bank | $1,009,812 | 22,800 | 0.29% | Shares |
| VANGUARD GROUP INC | $991,296 | 18,672 | 0.28% | Shares |
| MACKENZIE FINANCIAL CORP | $986,870 | 22,282 | 0.28% | Shares |
| WOLVERINE TRADING, LLC | $967,824 | 14,300 | 0.27% | Put option |
| Cetera Investment Advisers | $943,067 | 21,293 | 0.27% | Shares |
| Dynamic Technology Lab Private Ltd | $937,000 | 21,150 | 0.26% | Shares |
| NOMURA HOLDINGS INC | $934,608 | 21,102 | 0.26% | Shares |
| CITADEL ADVISORS LLC | $916,803 | 20,700 | 0.26% | Call option |
| Brevan Howard Capital Management LP | $912,020 | 20,592 | 0.26% | Shares |
| EVOLVE PRIVATE WEALTH, LLC | $909,185 | 20,528 | 0.26% | Shares |
| MANGROVE PARTNERS IM, LLC | $892,045 | 20,141 | 0.25% | Shares |
| BANK OF AMERICA CORP /DE/ | $887,793 | 20,045 | 0.25% | Shares |
| ALPS ADVISORS INC | $836,239 | 18,881 | 0.24% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $811,614 | 18,325 | 0.23% | Shares |
| TUDOR INVESTMENT CORP ET AL | $788,362 | 17,800 | 0.22% | Call option |
| Mariner, LLC | $762,136 | 17,209 | 0.22% | Shares |
| MARSHALL WACE, LLP | $745,401 | 16,830 | 0.21% | Shares |
| Quadrature Capital Ltd | $722,769 | 16,319 | 0.20% | Shares |
| FEDERATED HERMES, INC. | $715,018 | 16,144 | 0.20% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $710,057 | 16,032 | 0.20% | Shares |
| CITADEL ADVISORS LLC | $704,211 | 15,900 | 0.20% | Put option |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $676,663 | 15,278 | 0.19% | Shares |
| Bank of New York Mellon Corp | $663,774 | 14,987 | 0.19% | Shares |
| State of Wyoming | $642,825 | 14,514 | 0.18% | Shares |
| Cullen Capital Management, LLC | $623,958 | 14,088 | 0.18% | Shares |
| RHUMBLINE ADVISERS | $623,413 | 14,076 | 0.18% | Shares |
| JANE STREET GROUP, LLC | $611,202 | 13,800 | 0.17% | Put option |
| IEQ CAPITAL, LLC | $596,011 | 13,457 | 0.17% | Shares |
| Walleye Trading LLC | $571,341 | 12,900 | 0.16% | Call option |
| OP Asset Management Ltd | $551,898 | 12,461 | 0.16% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $540,914 | 12,213 | 0.15% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $540,161 | 12,196 | 0.15% | Shares |
| ISLAY CAPITAL MANAGEMENT, LLC | $527,361 | 11,907 | 0.15% | Shares |
| PRUDENTIAL FINANCIAL INC | $521,072 | 11,765 | 0.15% | Shares |
| ALLIANCEBERNSTEIN L.P. | $515,546 | 12,023 | 0.15% | Shares |
| Sunbelt Securities, Inc. | $513,274 | 11,970 | 0.15% | Shares |
| Mitsubishi UFJ Trust & Banking Corp | $483,780 | 10,923 | 0.14% | Shares |
| ALLSTATE CORP | $476,826 | 10,766 | 0.13% | Shares |
| LPL Financial LLC | $470,493 | 10,623 | 0.13% | Shares |
| CWM, LLC | $459,974 | 10,727 | 0.13% | Shares |
| JACOBS ASSET MANAGEMENT, LLC | $442,900 | 10,000 | 0.13% | Shares |
| BARCLAYS PLC | $419,603 | 9,474 | 0.12% | Shares |
| Man Group plc | $413,890 | 9,345 | 0.12% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $391,922 | 8,849 | 0.11% | Shares |
| Integrated Quantitative Investments LLC | $389,132 | 8,786 | 0.11% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $386,829 | 8,734 | 0.11% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $371,017 | 8,377 | 0.10% | Shares |
| IMC-Chicago, LLC | $352,726 | 7,964 | 0.10% | Shares |
| MetLife Investment Management, LLC | $327,480 | 7,394 | 0.09% | Shares |
| JPMORGAN CHASE & CO | $322,197 | 7,535 | 0.09% | Shares |
Company insiders 44 insiders · 20 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Douglas R Lebda | Chairman & CEO | Jan. 30, 2023 P | 214,859 | 0 | 0 | $0 |
| Trent Ziegler | Chief Financial Officer | June 3, 2022 F | 873 | 0 | 0 | $0 |
| Alexander Mandel | Chief Financial Officer | Feb. 19, 2015 M | 11,274 | 0 | 0 | $0 |
| Matthew Packey | Senior VP and CFO | Feb. 25, 2010 M | 28,674 | 0 | 0 | $0 |
| Scott Peyree | President, Insurance | Aug. 4, 2022 M | 5,952 | 0 | 0 | $0 |
| Neil Salvage | President, LT Marketplace | Nov. 2, 2021 S | 2,025 | 0 | 0 | $0 |
| Robert L Harris | President, LendingTree | Feb. 17, 2010 M | 11,442 | 0 | 0 | $0 |
| Bret A Violette | President, Real Estate | Aug. 20, 2008 J | 748 | 0 | 0 | $0 |
| J D Moriarty | Chief Operating Officer | Dec. 5, 2022 D | 8,245 | 0 | 0 | $0 |
| Shiv Singh | Chief Marketing Officer | Jan. 10, 2023 M | 1,494 | 0 | 0 | $0 |
| Scott V. Totman | Chief Technology Officer | Dec. 3, 2022 D | 1,696 | 0 | 0 | $0 |
| Jill Olmstead | Chief Human Resources Officer | Nov. 10, 2022 S | 1,551 | 0 | 0 | $0 |
| Carla Shumate | Chief Accounting Officer | March 3, 2022 M | 4,029 | 0 | 0 | $0 |
| Ryan S. Quinn | Sr. VP and Co-General Counsel | Nov. 6, 2020 M | 159 | 0 | 0 | $0 |
| Valentyna S. Decristo | Sr. VP and Co-General Counsel | Aug. 5, 2020 A | 0 | 0 | 0 | $0 |
| Laura Yens | General Counsel & Corp. Sec. | Feb. 27, 2019 A | — | 0 | 0 | $0 |
| Katharine F Pierce | General Counsel & Corp. Sec. | April 23, 2018 A | — | 0 | 0 | $0 |
| Nikul Patel | Chief Strategy Officer | Dec. 7, 2017 M | 3,953 | 0 | 0 | $0 |
| Greg Hanson | SVP & GM of Tree.com | July 1, 2012 M | 38,128 | 0 | 0 | $0 |
| Scott Cammarn | Senior VP and General Counsel | Jan. 2, 2009 F | 7 | 0 | 0 | $0 |
| Diego A Rodriguez | Director | June 17, 2026 A | 13,113 | 0 | 0 | $0 |
| Thomas M Davidson JR | Director | June 17, 2026 A | 18,139 | 0 | 0 | $0 |
| Saras Sarasvathy | Director | June 17, 2026 A | 19,314 | 0 | 0 | $0 |
| Robin Henderson | Director | June 17, 2026 A | 17,231 | 0 | 0 | $0 |
| Gabriel Dalporto | Director | June 17, 2026 A | 18,478 | 0 | 0 | $0 |
| Steven Ozonian | Director | June 17, 2026 A | 20,784 | 0 | 0 | $0 |
| Kennedy G Thompson | Director | June 17, 2026 A | 18,845 | 0 | 0 | $0 |
| Mark A Ernst | Director | June 17, 2026 A | 49,421 | 0 | 0 | $0 |
| GCI LIBERTY, INC. | Director | Nov. 16, 2020 J | 0 | 0 | 0 | $0 |
| Craig Troyer | Director | June 12, 2019 A | 3,770 | 0 | 0 | $0 |
| Neal Dermer | Director | June 12, 2019 A | 6,475 | 0 | 0 | $0 |
| Qurate Retail, Inc. | Director | March 9, 2018 J | 0 | 0 | 0 | $0 |
| Mac W Lackey | Director | Nov. 7, 2014 M | 6,808 | 0 | 0 | $0 |
| Joseph M. Levin | Director | Nov. 7, 2014 M | 49,794 | 0 | 0 | $0 |
| Patrick Lloyd Mccrory | Director | Jan. 30, 2013 M | 31,672 | 0 | 0 | $0 |
| Mark Sanford | Director | Aug. 8, 2012 A | — | 0 | 0 | $0 |
| Lance Melber | Director | June 8, 2012 M | 25,389 | 0 | 0 | $0 |
| Lisa M. Young | — | Jan. 6, 2023 M | 1,186 | 0 | 0 | $0 |
| Jennifer C Witz | — | June 9, 2021 A | 474 | 0 | 0 | $0 |
| Sushil Sharma | — | March 3, 2021 A | 376 | 0 | 0 | $0 |
| Courtnee A Chun | — | June 10, 2020 A | — | 0 | 0 | $0 |
| Peter Horan | — | April 16, 2020 M | 18,669 | 0 | 0 | $0 |
| Christopher Hayek | — | Feb. 17, 2013 M | 10,384 | 0 | 0 | $0 |
| David G Norris | — | June 18, 2012 M | 0 | 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 |
|---|---|---|---|---|---|
| GCI Liberty, Inc. ×6 filings | Nov. 19, 2020 | — | Initial filing | Capital structure | SEC |
| Liberty Interactive Corporation ×2 filings | March 16, 2018 | — | Initial filing | — | SEC |
| Liberty Interactive Corporation (f/k/a Liberty Media Corporation) | June 8, 2017 | — | Initial filing | — | SEC |
| Liberty Media Corporation ×2 filings | May 23, 2011 | — | Initial filing | M&A / sale | SEC |
| Douglas R. Lebda, The Douglas R. Lebda Family Trust ×6 filings | May 16, 2011 | — | Initial filing | M&A / sale | 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 46 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 |
|---|---|---|---|---|
| DTEC · ALPS ETF Trust | 0.86% | 16,751 NS | May 31, 2026 | N-PORT |
| EBIZ · Global X Funds | 0.40% | 2,330 NS | April 30, 2026 | N-PORT |
| OASC · Unified Series Trust | 0.24% | 5,284 NS | May 31, 2026 | N-PORT |
| SMIZ · Zacks Trust | 0.22% | 14,541 NS | May 31, 2026 | N-PORT |
| FSCC · Federated Hermes ETF Trust | 0.21% | 15,187 NS | May 31, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.17% | 890 NS | April 30, 2026 | N-PORT |
| HAPS · Harbor ETF Trust | 0.16% | 5,029 NS | April 30, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.15% | 29,073 SH | Aug. 19, 2026 | Daily |
| FINX · Global X Funds | 0.09% | 4,740 NS | May 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.08% | 39,184 SH | Aug. 21, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.04% | 9,833 NS | May 31, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.04% | 3,339 SH | Aug. 21, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.03% | 23,323 SH | Aug. 21, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 65,329 SH | Aug. 19, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.02% | 6,253 SH | Aug. 19, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 4,821 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 45,774 NS | April 30, 2026 | N-PORT |
| IWN · iShares Trust | 0.01% | 68,132 SH | Aug. 21, 2026 | Daily |
| IWM · iShares Trust | 0.01% | 297,845 SH | Aug. 21, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 7,903 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 526 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 132,391 SH | Aug. 19, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.01% | 4,482 SH | Aug. 19, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.01% | 18,090 SH | Aug. 19, 2026 | Daily |
| RB · ProShares Trust | 0.01% | 3 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 53,463 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.01% | 39,144 SH | Aug. 21, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.01% | 530 NS | April 30, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.01% | 2,966 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 411 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 414 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.00% | 963 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 27,610 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 525 NS | May 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.00% | 1,160 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 10 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 3,204 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 3,555 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 3,940 SH | Aug. 21, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 6,491 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 15,626 SH | Aug. 21, 2026 | Daily |
| EBI · RBB Fund Trust | 0.00% | 63 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 281,044 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 850 SH | Aug. 19, 2026 | Daily |
| DWSH · AdvisorShares Trust | -1.26% | -3,080 NS | June 30, 2026 | N-PORT |
| SMLF · iShares Trust | — | 39,865 SH | Aug. 21, 2026 | Daily |