WT WisdomTree, Inc. Common Stock
NYSE · Financial Services · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Aug 5, 2026WT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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About WisdomTree, Inc. Common Stock Company overview from Wikipedia
WisdomTree, Inc. is a global exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager with headquarters in New York. WisdomTree launched its first ETFs in June 2006, and became one of the major ETF providers in the United States. WisdomTree sponsors different ETFs that span asset classes and countries worldwide. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives.
WisdomTree manages approximately $99.5 billion in assets under management globally, as of January 2024.
WisdomTree’s common stock is listed on the New York Stock Exchange under the ticker WT.
Company information
In 2006, Wisdom Tree launched its first family of dividend weighted ETFs.
WisdomTree's dividend strategy is influenced by Professor Jeremy Siegel's research, which proposes that dividend-paying companies may offer superior long-term performance with lower risk.
As of January 2023, WisdomTree offered 79 different ETFs in the U.S. and 269,349 products in Europe, with over 200+ employees worldwide across the U.S., Europe, South America and Israel.
History
WisdomTree, Inc. was incorporated by its chief executive officer and founder, Jonathan Steinberg, in Delaware as Financial Data Systems, Inc., on September 19, 1985. The company was inactive until October 1988 when it acquired the assets relating to what would become Individual Investor magazine, a monthly personal finance magazine.
In December 1991, it completed an initial public offering and commenced trading on the Nasdaq Stock Market (NASDAQ). In 1993, the company's name was changed to Individual Investor Group, Inc. and throughout the 1990s it was a financial media company that published several magazines, including Individual Investor and Ticker, newsletters, as well as maintaining several online financial related websites. In addition, the company also began developing stock indexes.
In 2002, the company's name was changed to Index Development Partners, Inc., and Jonathan Steinberg, along with Rayne Steinberg and Luciano Siracusano, continued development of the concepts for the company's fundamentally weighted index methodology. While this concept was being developed, the company sought to obtain financing to recapitalize and become an ETF sponsor.
Between 2004 and 2005, the company obtained financing from a core group of investors including former hedge fund manager Michael Steinhardt, Professor Jeremy Siegel of The Wharton School of the University of Pennsylvania and James D Robinson IV with venture capital firm of RRE Ventures. Michael Steinhardt became Chairman and Professor Jeremy Siegel became the senior investment strategy advisor for the company.
On September 21, 2005, the company's name was changed to WisdomTree Investments, Inc. WisdomTree Investments, Inc. launched its first 20 ETFs in June 2006. On July 26, 2011, WisdomTree listed on the NASDAQ Global Select Market under the ticker: WETF.
In 2014, WisdomTree acquired a majority stake (75%) in London-based Boost ETP. The same year, it was reported that WisdomTree was going to invest $20 million in Boost to give it working capital to build out its European business.
In 2016, the company was included on Forbes' list of America's 50 Most Trustworthy Financial Companies. In 2019, it was reported by Bloomberg News that WisdomTree Investments was considering selling the company to J.P. Morgan Chase in 2018, however, the two companies failed to reach a mutually acceptable price.
WisdomTree has been expanding into other digital assets, such as the launch of cryptocurrency ETPs in Europe, which are listed on the Swiss stock exchange. Other digital assets initiatives include WisdomTree’s Enhanced Commodity Strategy Fund (GCC), the first ETF to provide exposure to bitcoin futures, WisdomTree’s second investment in blockchain-based infrastructure provider Securrency Inc. and products like WisdomTree Crypto Mega Cap Equal Weight ETP, which is backed by physical assets including cryptocurrencies, as well as WisdomTree Crypto Market (BLOC) and WisdomTree Crypto Altcoins (WALT).
In early 2022 ETFS Capital Limited, WisdomTree's largest single shareholder with a 10.5% stake, tried to take a seat on the board of WisdomTree. According to a 13D regulatory filing with the SEC from January 2022, ETFS Capital chairman Graham Tuckwell described what he saw as the underperformance of WisdomTree and said the company had “been unwilling to date to work constructively” toward giving him a seat on the board since discussions began. A March 8, 2022 13D filing disclosed that another WisdomTree investor, Lion Point Capital, supported ETFS Capital’s efforts to take a seat on the board. The filing revealed ETFS Capital and Lion Point Capital had entered into a Group Agreement to “seek changes to the composition of the board and management” of WisdomTree, with the intention to “work constructively with the issuer to arrive at a solution that puts the issuer in the best position to unlock value for the benefit of all stockholders”.
In a regulatory filing from March 14, 2022, WisdomTree issued a ‘poison pill’, officially known as a shareholder rights agreement, to prevents any investor from acquiring more than 10% of the common stock in the company until the day after the company’s annual general meeting in June or potentially until March 2023 if extended by a shareholder vote.
In March, 2022, a WisdomTree was forced to redeem all shares of 3NIS, a leveraged ETP that moved inverse nickel prices. Due to a major short squeeze for the commodity, nickel prices shot up 250% in a few days and the ETF's daily price dropped below zero. A statement from WisdomTree said "Investors should not expect to get paid for the securities they hold."
In May 2022, WisdomTree reached an agreement with ETFS Capital and Lion Point Capital. As part of the settlement agreement, WisdomTree expanded its Board of Directors from seven to nine directors and appointed two independent directors. In addition, WisdomTree terminated the ‘poison pill’ that had been issued in March 2022 and announced that the company would seek stockholder approval to declassify its Board of Directors at the 2022 Annual Meeting of stockholders.
In October 2022, WisdomTree announced the transfer of the listing of its common stock to the New York Stock Exchange (NYSE) from The Nasdaq Global Select Market (Nasdaq). WisdomTree also announced changing its corporate name from WisdomTree Investments, Inc. to WisdomTree, Inc. effective November 7, 2022. WisdomTree common stock began trading on the NYSE at market open on November 7, 2022, under the new ticker symbol “WT”.
In April 2023, ETFS Capital Limited announced its nomination of three candidates to WisdomTree’s Board of Directors. At WisdomTree’s 2023 Annual Meeting of Stockholders held on June 16, 2023, five of six WisdomTree nominees were elected, based on a preliminary vote count, with ETFS Capital Limited nominee Tonia Pankopf elected to replace WisdomTree chairman Frank Salerno. Stockholders also voted for WisdomTree’s proposals on say-on-pay, the ratification of the stockholder rights agreement and the firm’s accountant.
== Key financial statistics ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | WT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E (TTM) | 46.95Y avg ≈19.2 | ≈19.2 | 18.1 | Overvalued | |
| P/S (TTM) | 6.15Y avg ≈2.4 | ≈2.4 | 4.8 | Fair value | |
| P/B (MRQ) | 8.85Y avg ≈2.6 | ≈2.6 | 1.8 | Overvalued | |
| Price / FCF (TTM) | 18.95Y avg ≈9.9 | ≈9.9 | · | · | |
| Price / Cash Flow (TTM) | 18.85Y avg ≈9.9 | ≈9.9 | 11.6 | Fair value | |
| Price / Tangible Book (MRQ) | -8.9 | · | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | WT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Operating Margin (TTM) | 38.8%5Y avg ≈30.8% | ≈30.8% | 31.1% | Top tier | |
| EBITDA Margin | 35.3%5Y avg ≈30.8% | ≈30.8% | 27.5% | Top tier | |
| Pretax Margin (TTM) | 20.3%5Y avg ≈28.4% | ≈28.4% | 38.4% | Weak | |
| Net Profit Margin (TTM) | 13.3%5Y avg ≈22.4% | ≈22.4% | 26.6% | Weak | |
| ROA (TTM) | 6.0%5Y avg ≈7.6% | ≈7.6% | 5.6% | Top tier | |
| ROE (TTM) | 18.7%5Y avg ≈20.5% | ≈20.5% | 10.7% | Top tier | |
| ROIC | 32.3%5Y avg ≈24.5% | ≈24.5% | 51.3% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | WT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio (MRQ) | 3.05Y avg ≈2.2 | ≈2.2 | · | · | |
| Quick Ratio | 0.45Y avg ≈1.0 | ≈1.0 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
| Metric | 5Y trend | WT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Revenue YoY | 15.4%5Y avg ≈13.2% | ≈13.2% | · | · | |
| Revenue CAGR 3Y | 17.9% | · | · | · | |
| EPS YoY | 127.3%5Y avg ≈46.3% | ≈46.3% | · | · | |
| Net Income YoY | 63.6%5Y avg ≈33.2% | ≈33.2% | · | · | |
| EPS CAGR 3Y | 34.2% | · | · | · | |
| Net Income CAGR 3Y | 29.1% | · | · | · |
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | WT | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.45Y avg ≈0.4 | ≈0.4 | 0.3 | Top tier | |
| Receivables Turnover | 9.05Y avg ≈10.1 | ≈10.1 | · | · | |
| Revenue / Employee | ≈$1.2M | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount | Currency | Yield |
|---|---|---|---|
| Aug 12, 2026 | $0.03 | USD | ≈0.53% |
| May 13, 2026 | $0.03 | USD | ≈0.62% |
| Feb 11, 2026 | $0.03 | USD | ≈0.75% |
| Nov 12, 2025 | $0.03 | USD | ≈1.0% |
| Aug 13, 2025 | $0.03 | USD | ≈0.88% |
| May 14, 2025 | $0.03 | USD | ≈1.3% |
| Feb 12, 2025 | $0.03 | USD | ≈1.2% |
| Nov 6, 2024 | $0.03 | USD | ≈1.1% |
| Aug 7, 2024 | $0.03 | USD | ≈1.3% |
| May 7, 2024 | $0.03 | USD | ≈1.3% |
| Feb 13, 2024 | $0.03 | USD | ≈1.7% |
| Nov 7, 2023 | $0.03 | USD | ≈1.9% |
| Aug 8, 2023 | $0.03 | USD | ≈1.9% |
| May 9, 2023 | $0.03 | USD | ≈1.8% |
| Feb 14, 2023 | $0.03 | USD | ≈2.0% |
| Nov 8, 2022 | $0.03 | USD | ≈2.3% |
| Aug 9, 2022 | $0.03 | USD | ≈2.2% |
| May 10, 2022 | $0.03 | USD | ≈2.3% |
| Feb 8, 2022 | $0.03 | USD | ≈2.1% |
| Nov 9, 2021 | $0.03 | USD | ≈1.8% |
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 29, 2026 | $0.31 | $0.27 | 13.9% |
| March 31, 2026 | $0.27 | $0.26 | 4.9% | |
| Dec. 31, 2025 | $0.29 | $0.24 | 19.8% | |
| Sept. 30, 2025 | $0.23 | $0.22 | 6.3% | |
| June 30, 2025 | $0.18 | $0.18 | -0.17% | |
| March 31, 2025 | $0.16 | $0.16 | 1.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $494M | $428M | $349M | $301M | $304M | · | · | $274M | $228M | $219M | $299M | $184M | |
| Cost of Revenue | · | · | · | · | · | · | · | $57M | $42M | $41M | · | · | |
| SG&A Expense | $89M | $84M | $71M | $65M | · | · | · | · | · | · | · | · | |
| Operating Expenses | $320M | $290M | $262M | $241M | $215M | $195M | $213M | $213M | $179M | $155M | $162M | $110M | |
| Operating Income | $174M | $137M | $87M | $60M | $89M | $55M | $54M | $61M | $49M | $63M | · | · | |
| Interest Expense | · | · | $15M | $15M | $12M | $10M | $11M | $8M | · | · | · | · | |
| Interest Income | $11M | $7M | $4M | $3M | $2M | $744.0K | $3M | $3M | $3M | $1M | · | · | |
| Other Non-op | $2M | $874.0K | $-2M | $-36M | · | · | · | · | · | · | · | · | |
| Pretax Income | $142M | $95M | $119M | $40M | $57M | $-35M | $121.0K | $51M | $58M | $56M | $137M | $74M | |
| Income Tax | $33M | $29M | $16M | $-11M | $7M | $433.0K | $11M | $14M | $31M | $29M | $57M | $12M | |
| Net Income | $109M | $67M | $103M | $51M | $50M | $-36M | $-10M | $37M | $27M | $26M | $80M | $61M | |
| EPS (Basic) | $0.77 | $0.34 | $0.66 | $0.31 | $0.31 | $-0.25 | $-0.08 | $0.23 | $0.20 | $0.19 | $0.58 | $0.46 | |
| EPS (Diluted) | $0.75 | $0.33 | $0.64 | $0.31 | $0.31 | $-0.25 | $-0.08 | $0.23 | $0.20 | $0.19 | $0.58 | $0.44 | |
| Shares (Basic) | 140,376,000 | 144,630,000 | 144,707,000 | 143,020 | 143,847 | 148,682,000 | 151,823,000 | 146,645,000 | 134,614,000 | 134,401,000 | 137,242,000 | 131,770,000 | |
| Shares (Diluted) | 144,939,000 | 158,844,000 | 170,413,000 | 158,914 | 161,263 | 148,682,000 | 151,823,000 | 158,415,000 | 136,003,000 | 135,539,000 | 138,825,000 | 138,551,000 | |
| EBITDA | $174M | $137M | $87M | $60M | · | · | $54M | · | · | · | · | · |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $39M | $39M | $29M | $132M | $141M | $73M | $75M | $78M | $54M | $93M | $210M | $165M | |
| Receivables | $64M | $45M | $35M | $31M | $32M | $29M | $27M | $26M | $21M | $18M | $28M | $18M | |
| Prepaid Expense | $7M | $5M | $5M | $5M | $4M | $4M | $4M | $4M | $4M | $3M | $3M | · | |
| Other Current Assets | $2M | $2M | $1M | $390.0K | $276.0K | $259.0K | $207.0K | $163.0K | $1M | $555.0K | $272.0K | $2M | |
| Current Assets | $492M | $318M | $230M | $294M | $304M | $142M | $123M | $118M | $154M | $177M | $241M | $185M | |
| PP&E (Net) | $431.0K | $336.0K | $427.0K | $544.0K | $557.0K | $8M | $8M | $9M | $11M | $12M | $12M | $10M | |
| Accum. Depreciation | $1M | $733.0K | $670.0K | $418.0K | $227.0K | $8M | $7M | $6M | $5M | $3M | $2M | $972.0K | |
| Goodwill | $229M | $87M | $87M | $86M | $86M | $86M | $86M | $86M | $2M | $2M | $2M | $2M | |
| Intangibles | $749M | $606M | $605M | $604M | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $925.0K | $631.0K | $459.0K | $571.0K | $361.0K | $180.0K | $983.0K | $2M | $793.0K | $747.0K | $738.0K | $71.0K | |
| Total Assets | $1.51B | $1.03B | $944M | $1.03B | $1.04B | $897M | $935M | $938M | $255M | $250M | $293M | $221M | |
| Short-term Debt | · | $15M | $15M | · | · | · | · | · | · | · | · | · | |
| Current Liabilities | $282M | $109M | $103M | $148M | $84M | $74M | $79M | $63M | $57M | $44M | $49M | $29M | |
| Capital Leases | $1M | $171.0K | · | $339.0K | $328.0K | $17M | $19M | · | · | · | · | · | |
| Other Non-current Liabilities | · | · | · | $1M | · | · | · | · | · | · | · | · | |
| Total Liabilities | $1.10B | $634M | $402M | $596M | $636M | $498M | $465M | $447M | $62M | $48M | $58M | $36M | |
| Long-term Debt | · | · | · | $321M | $319M | $167M | $176M | $195M | · | · | · | · | |
| Total Debt | · | $15M | $15M | · | · | · | · | · | · | · | · | · | |
| Common Stock | $1M | $1M | $2M | $1M | $1M | $1M | $2M | $2M | $1M | $1M | $1M | $1M | |
| Paid-in Capital | $189M | $270M | $312M | · | · | · | · | · | · | · | · | $209M | |
| Retained Earnings | $221M | $130M | $96M | $14M | $-22M | $-53M | $-18M | $-7M | $-25M | $-25M | $-25M | $-26M | |
| AOCI | $2M | $-2M | $-548.0K | $-1M | $682.0K | $1M | $945.0K | $467.0K | $291.0K | $-44.0K | $-126.0K | $-53.0K | |
| Stockholders' Equity | $414M | $400M | $409M | $306M | $269M | $266M | $337M | $358M | $193M | $201M | $235M | $184M | |
| Liabilities + Equity | $1.51B | $1.03B | $944M | $1.03B | $1.04B | $897M | $935M | $938M | $255M | $250M | $293M | $221M | |
| Shares Outstanding | 140,713,000 | 146,102,000 | 150,330,000 | 146,517 | 145,107 | 148,716,000 | 155,264,000 | 153,202,000 | 136,996,000 | 136,475,000 | 138,415,000 | 134,959,000 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $2M | $872.0K | $262.0K | $738.0K | $1M | $1M | $1M | $1M | $1M | $1M | $821.0K | |
| Stock-based Comp | $22M | $21M | $16M | $10M | $10M | $12M | $12M | $13M | $15M | $15M | $11M | $8M | |
| Deferred Tax | $981.0K | $-398.0K | $-481.0K | $-1M | $316.0K | $-2M | $-349.0K | $-6M | $9M | $13M | $53M | $12M | |
| Amort. of Intangibles | · | · | · | $50.0K | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $148M | $113M | $86M | $55M | $75M | $47M | $57M | $37M | $49M | $55M | $155M | $83M | |
| CapEx | $215.0K | $141.0K | $113.0K | $220.0K | $293.0K | $472.0K | $47.0K | $71.0K | $295.0K | $1M | $3M | $5M | |
| Investing Cash Flow | $-313M | $-24M | $82M | $-38M | $-100M | $11M | $-18M | $-182M | $-37M | $-89M | · | · | |
| Debt Issued | · | · | · | · | · | · | $0 | $200M | · | · | · | · | |
| Net Debt Issued | · | · | · | $0 | · | · | $-21M | · | · | · | · | · | |
| Stock Repurchased | $103M | $63M | $4M | $3M | $35M | $31M | $2M | $3M | $8M | $39M | $24M | $7M | |
| Net Stock Activity | $-103M | $-63M | $-4M | $-3M | · | · | $-2M | · | $-8M | $-39M | $-24M | $-7M | |
| Dividends Paid | $17M | $19M | $20M | $19M | $19M | $20M | $20M | $19M | $44M | $44M | $79M | $11M | |
| Financing Cash Flow | $290M | $-36M | $-172M | $-23M | $93M | $-60M | $-44M | $169M | $-51M | $-83M | · | · | |
| Net Change in Cash | $131M | $52M | $-3M | $-9M | $67M | $-2M | $-3M | $24M | $-39M | $-117M | $45M | $61M | |
| Taxes Paid | $30M | $32M | $16M | $12M | $8M | $10M | $10M | $14M | $33M | $15M | $1M | $66.0K | |
| Free Cash Flow | $148M | $113M | $85M | $55M | · | · | $47M | · | $48M | $54M | $152M | $78M | |
| Levered FCF | · | · | $72M | $36M | · | · | $1.02B | · | · | · | · | · |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 35.3% | 32.1% | 25.1% | · | · | · | · | · | · | · | · | · | |
| Net Margin | 22.1% | 15.6% | 29.4% | · | · | · | · | · | 11.5% | 11.9% | 26.8% | 33.2% | |
| Pretax Margin | 28.8% | 22.3% | 34.1% | · | · | · | · | · | 24.5% | 25.3% | 45.9% | 40.0% | |
| EBITDA Margin | 35.3% | 32.1% | 25.1% | · | · | · | · | · | · | · | · | · | |
| ROA | 8.6% | 6.7% | 10.4% | 4.9% | · | · | -1.1% | · | 10.8% | 9.6% | 31.2% | 33.7% | |
| ROE | 25.4% | 17.2% | 23.4% | 15.9% | · | · | -3.0% | · | 13.8% | 12.0% | 38.2% | 41.6% | |
| ROIC | 32.3% | 23.1% | 17.8% | 24.9% | · | · | -1367.0% | · | · | · | · | · |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.7 | 2.9 | 2.2 | 2.0 | · | · | 1.6 | · | 2.7 | 4.1 | 4.9 | 6.4 | |
| Quick Ratio | 0.4 | 0.8 | 1.6 | 1.1 | · | · | 1.3 | · | 1.3 | 2.5 | 4.8 | 6.2 | |
| Debt / Equity | · | 0.0 | 0.0 | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | 5.7 | 4.0 | · | · | 4.8 | · | · | · | · | · |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.4 | 0.4 | · | · | · | · | · | 0.9 | 0.8 | 1.2 | 1.0 | |
| Receivables Turnover | 9.0 | 10.6 | 10.6 | · | · | · | · | · | 12.2 | 9.7 | 13.1 | 10.3 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.94 | $2.74 | $2721.59 | $2.09 | · | · | $2.17 | · | $1.41 | $1.48 | $1.71 | $1.38 | |
| Revenue / Share | $3.41 | $2692.81 | $2048.17 | · | · | · | · | · | $1.75 | $1.62 | $2.15 | $1.33 | |
| Cash Flow / Share | $1.02 | $714.29 | $502.31 | $0.35 | · | · | $0.31 | · | $0.36 | $0.41 | $1.12 | $0.60 | |
| Cash / Share | $0.28 | $0.27 | $860.14 | $0.90 | · | · | $0.48 | · | $0.40 | $0.68 | $1.54 | $1.24 | |
| Dividend / Share | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.12 | $0.32 | $0.32 | $0.57 | $0.08 | |
| EPS (TTM) | $0.75 | $0.33 | $0.64 | $0.31 | $0.31 | $-0.25 | $-0.08 | $0.23 | $0.20 | $0.19 | $0.58 | $0.44 |
Growth Rates
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 15.4% | 22.6% | 15.8% | -0.98% | · | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 17.9% | 12.0% | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 127.3% | -48.4% | 106.5% | 0.00% | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 34.2% | 2.1% | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 63.6% | -35.0% | 102.3% | 1.8% | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 29.1% | 10.2% | · | · | · | · | · | · | · | · | · | · | |
| Dividends Paid CAGR 5Y | -3.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $494M | $428M | $349M | $301M | $304M | $279M | $279M | $274M | $228M | $219M | $299M | $184M | |
| Net Income TTM | $109M | $67M | $103M | $51M | $50M | $-36M | $-10M | $37M | $27M | $26M | $80M | $61M | |
| Market Cap | $1.72B | $1.53B | $1M | $799M | · | · | $751M | · | $1.72B | $1.52B | $2.14B | $2.09B | |
| Enterprise Value | · | $1.51B | $-113M | · | · | · | · | · | · | · | · | · | |
| P/E | 16.3 | 31.8 | 10.8 | 17.6 | 19.7 | -21.4 | -60.5 | 28.9 | 62.8 | 58.6 | 27.0 | 35.6 | |
| P/S | 3.5 | 3.6 | 0.0 | 2.6 | · | · | 2.7 | · | 7.5 | 6.9 | 7.2 | 11.4 | |
| P/B | 4.1 | 3.8 | 0.0 | 2.6 | · | · | 2.2 | · | 8.9 | 7.6 | 9.1 | 11.4 | |
| P / Tangible Book | · | · | · | · | 4.8 | 4.4 | · | · | · | · | · | · | |
| P / Cash Flow | 11.6 | 13.5 | 0.0 | 14.5 | · | · | 16.0 | · | 35.4 | 27.7 | 13.8 | 25.3 | |
| P / FCF | 11.6 | 13.5 | 0.0 | 14.6 | · | · | 16.1 | · | 35.7 | 28.2 | 14.1 | 26.9 | |
| EV / EBITDA | · | 11.0 | -1.3 | · | · | · | · | · | · | · | · | · | |
| EV / FCF | · | 13.3 | -1.3 | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | · | 3.5 | -0.3 | · | · | · | · | · | · | · | · | · | |
| Dividend Yield | 1.0% | 1.2% | 1933.6% | 2.4% | · | · | 2.7% | · | 2.5% | 2.9% | 3.7% | 0.52% | |
| Earnings Yield | 6.2% | 3.1% | 9.2% | 5.7% | 5.1% | -4.7% | -1.7% | 3.5% | 1.6% | 1.7% | 3.7% | 2.8% | |
| Payout Ratio | 15.9% | 28.5% | 19.6% | 38.2% | · | · | -195.5% | · | 160.9% | 166.9% | 98.1% | 17.7% | |
| Annual Payout | $17M | $19M | $20M | $19M | $19M | $20M | $20M | $19M | $44M | $44M | $79M | $11M |
Income Statement
| 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 | $177M | $159M | $147M | $126M | $113M | $108M | $111M | $113M | $107M | $97M | $91M | $90M | $86M | $82M | $73M | $72M | |
| SG&A Expense | $30M | $25M | $25M | $22M | $21M | $21M | $23M | $21M | $20M | $20M | $18M | $18M | · | · | · | · | |
| Operating Expenses | $105M | $100M | $88M | $80M | $78M | $74M | $76M | $72M | $74M | $69M | $65M | $64M | $68M | $65M | $62M | $58M | |
| Operating Income | $72M | $59M | $60M | $46M | $35M | $34M | $35M | $41M | $34M | $28M | $26M | $27M | $18M | $17M | $12M | $15M | |
| Interest Expense | · | · | · | · | · | · | · | $4M | $3M | $4M | · | $3M | $4M | $4M | · | $4M | |
| Interest Income | $3M | $3M | $3M | $4M | $2M | $2M | $2M | $2M | $1M | $1M | $1M | $791.0K | $1M | $1M | $945.0K | $811.0K | |
| Other Non-op | $6M | $-637.0K | $317.0K | $1M | $638.0K | $-250.0K | $3M | $-3M | $-1M | $3M | $2M | $-3M | · | · | · | · | |
| Pretax Income | $59M | $-15M | $50M | $30M | $32M | $30M | $34M | $4M | $30M | $28M | $25M | $19M | $58M | $18M | $-28M | $85M | |
| Income Tax | $14M | $9M | $10M | $10M | $7M | $6M | $7M | $8M | $8M | $6M | $6M | $6M | $4M | $1M | $-21.0K | $3M | |
| Net Income | $44M | $-23M | $40M | $20M | $25M | $25M | $27M | $-4M | $22M | $22M | $19M | $13M | $54M | $16M | $-28M | $81M | |
| EPS (Basic) | $0.30 | $-0.17 | $0.29 | $0.14 | $0.17 | $0.17 | $0.20 | $-0.13 | $0.13 | $0.14 | $0.17 | $0.07 | $0.32 | $0.10 | $-0.16 | $0.50 | |
| EPS (Diluted) | $0.28 | $-0.17 | $0.28 | $0.13 | $0.17 | $0.17 | $0.20 | $-0.13 | $0.13 | $0.13 | $0.15 | $0.07 | $0.32 | $0.10 | $-0.16 | $0.50 | |
| Shares (Basic) | 149,001,000 | 138,005,000 | · | 139,584,000 | 143,076,000 | 142,580,000 | · | 143,929,000 | 146,896,000 | 146,464,000 | · | 145,284,000 | 144,351,000 | 143,862,000 | · | 143,120,000 | |
| Shares (Diluted) | 156,276,000 | 138,005,000 | · | 150,675,000 | 146,640,000 | 146,545,000 | · | 143,929,000 | 166,359,000 | 165,268,000 | · | 177,140,000 | 170,672,000 | 159,887,000 | · | 158,953,000 | |
| EBITDA | $72M | $59M | · | $46M | $35M | $34M | · | $41M | $34M | $28M | · | $27M | $18M | $17M | · | $15M |
Balance Sheet
| 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 | $48M | $40.0K | $39M | $36M | $37M | $36M | $39M | $35M | $132M | $117M | · | $89M | $84M | $119M | · | $133M | |
| Receivables | $75M | $66M | $64M | $47M | $43M | $46M | $45M | · | $43M | $40M | · | $36M | $34M | $35M | · | $25M | |
| Prepaid Expense | $13M | $9M | $7M | $8M | $10M | $7M | $5M | $7M | $9M | $6M | · | $7M | $8M | $6M | · | $6M | |
| Other Current Assets | $2M | $1M | $2M | $2M | $2M | $1M | $2M | $1M | $1M | $1M | · | $1M | $376.0K | $291.0K | · | $332.0K | |
| Current Assets | $423M | $768M | $492M | $716M | $351M | $313M | $318M | $307M | $255M | $223M | · | $212M | $193M | $293M | · | $289M | |
| PP&E (Net) | $593.0K | $401.0K | $431.0K | $307.0K | $316.0K | $302.0K | $336.0K | $389.0K | $413.0K | $436.0K | · | $457.0K | $487.0K | $515.0K | · | $575.0K | |
| Accum. Depreciation | $2M | $1M | $1M | $916.0K | $870.0K | $798.0K | $733.0K | $692.0K | $622.0K | $562.0K | · | · | $550.0K | $482.0K | · | $344.0K | |
| Goodwill | $355M | $229M | $229M | $87M | $87M | $87M | $87M | $87M | $87M | $87M | · | $87M | $87M | $86M | · | $86M | |
| Intangibles | $833M | $748M | $749M | $606M | $606M | $606M | $606M | $606M | $606M | $605M | · | $605M | $604M | $604M | · | $603M | |
| Other Non-current Assets | $1M | $1M | $925.0K | $750.0K | $756.0K | $746.0K | $631.0K | $474.0K | $457.0K | $456.0K | · | $447.0K | $454.0K | $507.0K | · | $766.0K | |
| Total Assets | $1.65B | $1.78B | $1.51B | $1.45B | $1.07B | $1.02B | $1.03B | $1.02B | $964M | $932M | · | $952M | $934M | $1.02B | · | $1.02B | |
| Short-term Debt | · | · | · | $15M | $15M | $15M | · | $15M | $15M | $15M | · | · | · | · | · | · | |
| Current Liabilities | $141M | $168M | $282M | $254M | $244M | $82M | $109M | $106M | $85M | $76M | · | $75M | $68M | $131M | · | $253M | |
| Capital Leases | $1M | $841.0K | $1M | $524.0K | $739.0K | $89.0K | $171.0K | $270.0K | · | · | · | · | $0 | $120.0K | · | $554.0K | |
| Deferred Tax | $11M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $1.23B | $1.31B | $1.10B | $1.07B | $622M | $607M | $634M | $645M | $386M | $376M | · | $350M | $342M | $567M | · | $551M | |
| Long-term Debt | · | · | · | · | · | · | · | · | · | · | · | $275M | $274M | $334M | · | $321M | |
| Total Debt | · | · | · | $15M | $15M | $15M | · | $15M | $15M | $15M | · | · | · | · | · | · | |
| Common Stock | $2M | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $2M | $2M | · | $2M | $2M | $1M | · | $1M | |
| Paid-in Capital | $186M | · | · | $184M | $269M | $264M | · | $266M | $315M | $310M | · | · | · | · | · | · | |
| Retained Earnings | $233M | $193M | $221M | $185M | $170M | $150M | $130M | $107M | $130M | $113M | · | $82M | $74M | $25M | · | $47M | |
| AOCI | $-3M | $1M | $2M | $3M | $4M | $299.0K | $-2M | $995.0K | $-931.0K | $-907.0K | · | $-2M | $-693.0K | $-954.0K | · | $-5M | |
| Stockholders' Equity | $419M | $475M | $414M | $373M | $445M | $416M | $400M | $375M | $446M | $423M | $409M | $469M | $459M | $319M | $306M | $332M | |
| Liabilities + Equity | $1.65B | $1.78B | $1.51B | $1.45B | $1.07B | $1.02B | $1.03B | $1.02B | $964M | $932M | · | $952M | $934M | $1.02B | · | $1.02B | |
| Shares Outstanding | 151,697,000 | 152,439,000 | 140,713,000 | 140,278,000 | 147,061,000 | 147,034,000 | 146,102,000 | 146,104,000 | 151,857,000 | 151,819,000 | · | 150,335,000 | 150,343,000 | 149,291,000 | · | 146,520,000 |
Cash Flow
| 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 | $3M | $2M | $2M | $615.0K | $580.0K | $540.0K | $504.0K | $447.0K | $418.0K | $383.0K | $335.0K | $307.0K | $121.0K | $109.0K | $104.0K | $58.0K | |
| Stock-based Comp | $8M | $8M | $5M | $5M | $6M | $6M | $5M | $5M | $6M | $5M | $4M | $4M | $4M | $5M | $3M | $2M | |
| Deferred Tax | $-3M | $3M | $-2M | $-2M | $-2M | $6M | $-3M | $-2M | $-1M | $6M | $-2M | $-2M | $-2M | $5M | $-4M | $-1M | |
| Amort. of Intangibles | $3M | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Operating Cash Flow | $76M | $18M | $55M | $48M | $39M | $6M | $35M | $48M | $32M | $-1M | $37M | $28M | $25M | $-5M | $12M | $35M | |
| CapEx | $188.0K | $28.0K | $61.0K | $37.0K | $86.0K | $31.0K | $13.0K | $26.0K | $36.0K | $66.0K | $20.0K | $35.0K | $32.0K | $26.0K | $9.0K | $6.0K | |
| Investing Cash Flow | $-168M | $39M | $-277M | $-19M | $-16M | $-214.0K | $-7M | $-7M | $-12M | $2M | $46M | $-16M | $54M | $-2M | $-12M | $-3M | |
| Stock Repurchased | $26M | $25M | $0 | $90M | $0 | $13M | $0 | $55M | $0 | $8M | $0 | $30.0K | $156.0K | $3M | $0 | $24.0K | |
| Net Stock Activity | · | $-25M | · | · | · | $-13M | · | · | · | $-8M | · | · | · | $-3M | · | · | |
| Dividends Paid | $4M | $5M | $4M | $4M | $4M | $5M | $4M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | |
| Financing Cash Flow | $-238M | $259M | $-22M | $335M | $-4M | $-19M | $-19M | $754.0K | $-5M | $-13M | $-45M | $-5M | $-115M | $-6M | $-5M | $-5M | |
| Net Change in Cash | $-331M | $314M | $-244M | $362M | $23M | $-11M | $5M | $44M | $16M | $-12M | $40M | $6M | $-35M | $-13M | $-599.0K | $23M | |
| Taxes Paid | $17M | $8M | $10M | $7M | $9M | $4M | $14M | $7M | $8M | $3M | $8M | $2M | $4M | $1M | · | $1M | |
| Free Cash Flow | · | $18M | · | · | · | $6M | · | · | · | $-1M | · | · | · | $-5M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-4M | · | · | · | $-9M | · | · |
Profitability
| 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 | 40.5% | 37.2% | · | 36.3% | 30.8% | 31.6% | · | 36.0% | 31.3% | 28.9% | · | 29.5% | · | · | · | · | |
| Net Margin | 25.0% | -14.5% | · | 15.7% | 22.0% | 22.8% | · | -4.0% | 20.3% | 22.8% | · | 14.4% | · | · | · | · | |
| Pretax Margin | 33.1% | -9.1% | · | 23.5% | 28.3% | 28.1% | · | 3.4% | 27.6% | 28.7% | · | 20.8% | · | · | · | · | |
| EBITDA Margin | 40.5% | 37.2% | · | 36.3% | 30.8% | 31.6% | · | 36.0% | 31.3% | 28.9% | · | 29.5% | · | · | · | · | |
| ROA | 3.3% | -1.7% | · | 1.6% | 2.4% | 2.5% | · | -0.46% | 2.3% | 2.3% | · | 1.3% | 5.6% | 1.6% | · | 8.0% | |
| ROE | 10.3% | -5.2% | · | 5.3% | 5.6% | 5.9% | · | -1.1% | 4.8% | 6.0% | · | 3.2% | 15.2% | 5.7% | · | 27.4% | |
| ROIC | 13.0% | 19.8% | · | 7.8% | 5.9% | 6.4% | · | -12.1% | 5.4% | 5.1% | · | 3.9% | 3.7% | 4.8% | · | 4.3% |
Liquidity & Solvency
| 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 | 3.0 | 4.6 | · | 2.8 | 1.4 | 3.8 | · | 2.9 | 3.0 | 3.0 | · | 2.8 | 2.8 | 2.2 | · | 1.1 | |
| Quick Ratio | 0.9 | 0.4 | · | 0.3 | 0.3 | 1.0 | · | 0.3 | 2.1 | 2.1 | · | 1.7 | 1.7 | 1.2 | · | 0.6 | |
| Debt / Equity | · | · | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | 8.1 | 6.8 | · | 7.7 | 4.5 | 4.1 | · | 4.0 |
Efficiency
| 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 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | · | · | · | · | |
| Receivables Turnover | 3.0 | 2.8 | · | 3.0 | 2.6 | 2.5 | · | · | 2.8 | 2.6 | · | 3.0 | · | · | · | · |
Per Share
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $2.76 | $3.12 | · | $2.66 | $3.03 | $2.83 | · | $2.57 | $2.93 | $2.79 | · | $3.12 | $3.05 | $2.13 | · | $2.27 | |
| Revenue / Share | $1.13 | $1.16 | · | $0.83 | $0.77 | $0.74 | · | $0.79 | $0.64 | $0.59 | · | $0.51 | · | · | · | · | |
| Cash Flow / Share | · | $0.13 | · | · | · | $0.04 | · | · | · | $-0.01 | · | · | · | $-0.03 | · | · | |
| Cash / Share | $0.32 | $0.00 | · | $0.26 | $0.25 | $0.24 | · | $0.24 | $0.87 | $0.77 | · | $0.60 | $0.56 | $0.80 | · | $0.91 | |
| Dividend / Share | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | |
| EPS (TTM) | $0.52 | $0.41 | · | $0.67 | $0.41 | $0.37 | · | $0.28 | $0.48 | $0.67 | · | $0.33 | $0.76 | $0.49 | · | $0.54 |
Valuation (TTM)
| 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 | $610M | $545M | · | $457M | $445M | $439M | · | $408M | $385M | $364M | · | $332M | $313M | · | · | · | |
| Net Income TTM | $81M | $61M | · | $96M | $72M | $69M | · | $58M | $76M | $108M | · | $55M | $123M | $77M | · | $90M | |
| Market Cap | $2.57B | $2.22B | · | $1.95B | $1.69B | $1.31B | · | $1.46B | $1.50B | $1.40B | · | $1.05B | $1.03B | $875M | · | $686M | |
| Enterprise Value | · | · | · | $1.93B | $1.67B | $1.29B | · | $1.44B | $1.39B | $1.29B | · | · | · | · | · | · | |
| P/E | 32.6 | 35.5 | · | 20.7 | 28.1 | 24.1 | · | 35.7 | 20.6 | 13.7 | · | 21.2 | 9.0 | 12.0 | · | 8.7 | |
| P/S | 4.2 | 4.1 | · | 4.3 | 3.8 | 3.0 | · | 3.6 | 3.9 | 3.8 | · | 3.2 | 3.3 | · | · | · | |
| P/B | 6.1 | 4.7 | · | 5.2 | 3.8 | 3.2 | · | 3.9 | 3.4 | 3.3 | · | 2.2 | 2.2 | 2.7 | · | 2.1 | |
| P / Cash Flow | · | 123.6 | · | · | · | 205.9 | · | · | · | -1344.1 | · | · | · | -162.1 | · | · | |
| EV / Revenue | · | · | · | 4.2 | 3.8 | 2.9 | · | 3.5 | 3.6 | 3.6 | · | · | · | · | · | · | |
| Dividend Yield | 0.68% | 0.79% | · | 0.90% | 1.1% | 1.4% | · | 1.4% | 1.4% | 1.5% | · | 1.9% | 1.9% | 2.2% | · | 2.8% | |
| Earnings Yield | 3.1% | 2.8% | · | 4.8% | 3.6% | 4.2% | · | 2.8% | 4.8% | 7.3% | · | 4.7% | 11.1% | 8.4% | · | 11.5% | |
| Payout Ratio | · | -20.5% | · | · | · | 18.8% | · | · | · | 22.6% | · | · | · | 29.7% | · | · | |
| Annual Payout | $17M | $17M | · | $17M | $18M | $19M | · | $20M | $20M | $20M | · | $20M | $19M | $19M | · | $19M |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $494M | $428M | $349M | $301M | $304M |
| Operating Margin % | 35.3% | 32.1% | 25.1% | · | · |
| Net Income | $109M | $67M | $103M | $51M | $50M |
| Diluted EPS | $0.75 | $0.33 | $0.64 | $0.31 | $0.31 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Debt / Equity | · | 0.0 | 0.0 | · | · |
| Current Ratio | 1.7 | 2.9 | 2.2 | 2.0 | · |
| Quick Ratio | 0.4 | 0.8 | 1.6 | 1.1 | · |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $148M | $113M | $85M | $55M | · |
Institutional owners (13F) 342 filers · $2.9B total · As of Sept. 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.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 54 (-21 vs prior Q) | 47 (+19 vs prior Q) | 118 (+6 vs prior Q) | 103 (+5 vs prior Q) | +3.8M |
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 |
|---|---|---|---|---|
| BlackRock, Inc. | $326,513,206 | 19,274,687 | 11.33% | Shares |
| FMR LLC | $229,791,799 | 13,565,042 | 7.97% | Shares |
| VANGUARD GROUP INC | $170,681,393 | 14,001,755 | 5.92% | Shares |
| Invesco Ltd. | $168,980,837 | 9,975,256 | 5.86% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $142,416,494 | 8,407,113 | 4.94% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $137,609,769 | 8,123,363 | 4.77% | Shares |
| Capital World Investors | $127,847,772 | 7,547,094 | 4.44% | Shares |
| Azora Capital LP | $104,697,839 | 6,180,510 | 3.63% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $102,764,240 | 6,066,366 | 3.57% | Shares |
| STATE STREET CORP | $95,034,145 | 5,610,044 | 3.30% | Shares |
| Driehaus Capital Management LLC | $79,663,823 | 4,702,705 | 2.76% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $63,609,860 | 3,754,933 | 2.21% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $55,752,546 | 3,290,623 | 1.93% | Shares |
| Simcoe Capital Management, LLC | $45,298,322 | 2,674,045 | 1.57% | Shares |
| UBS Group AG | $45,043,375 | 2,658,995 | 1.56% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $38,554,680 | 2,275,955 | 1.34% | Shares |
| LOOMIS SAYLES & CO L P | $37,109,458 | 2,190,641 | 1.29% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $35,706,000 | 2,107,798 | 1.24% | Shares |
| MORGAN STANLEY | $33,937,471 | 2,003,391 | 1.18% | Shares |
| BANK OF AMERICA CORP /DE/ | $33,742,752 | 1,991,898 | 1.17% | Shares |
| GOLDMAN SACHS GROUP INC | $33,391,408 | 1,971,158 | 1.16% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $28,573,985 | 1,686,776 | 0.99% | Shares |
| JANUS HENDERSON GROUP PLC | $25,371,504 | 1,742,489 | 0.88% | Shares |
| Nuveen, LLC | $23,867,177 | 1,408,925 | 0.83% | Shares |
| NORTHERN TRUST CORP | $23,589,881 | 1,392,555 | 0.82% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $21,291,124 | 1,256,855 | 0.74% | Shares |
| Junto Capital Management LP | $19,837,858 | 1,171,066 | 0.69% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $18,209,747 | 1,074,956 | 0.63% | Shares |
| Bank of New York Mellon Corp | $17,723,071 | 1,046,226 | 0.61% | Shares |
| Toroso Investments, LLC | $17,118,685 | 1,404,322 | 0.59% | Shares |
| Cubist Systematic Strategies, LLC | $16,196,563 | 1,165,220 | 0.56% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $15,602,418 | 921,040 | 0.54% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $14,655,082 | 865,117 | 0.51% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $13,897,576 | 820,400 | 0.48% | Call option |
| JANE STREET GROUP, LLC | $13,673,968 | 807,200 | 0.47% | Call option |
| Qube Research & Technologies Ltd | $12,994,420 | 767,085 | 0.45% | Shares |
| ArrowMark Colorado Holdings LLC | $12,957,863 | 764,927 | 0.45% | Shares |
| DANSKE BANK A/S | $11,323,238 | 668,432 | 0.39% | Shares |
| TWO SIGMA INVESTMENTS, LP | $10,946,797 | 646,210 | 0.38% | Shares |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | $10,502,800 | 620,000 | 0.36% | Shares |
| FIRST TRUST ADVISORS LP | $10,482,703 | 618,814 | 0.36% | Shares |
| CITIGROUP INC | $9,806,956 | 578,923 | 0.34% | Shares |
| Crawford Fund Management, LLC | $9,751,578 | 575,654 | 0.34% | Shares |
| Caption Management, LLC | $9,655,800 | 570,000 | 0.34% | Call option |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $9,185,715 | 542,250 | 0.32% | Shares |
| WELLS FARGO & COMPANY/MN | $9,183,799 | 542,137 | 0.32% | Shares |
| CREDIT AGRICOLE S A | $8,312,848 | 490,723 | 0.29% | Shares |
| TWO SIGMA ADVISERS, LP | $8,281,886 | 679,400 | 0.29% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $8,264,890 | 487,892 | 0.29% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $8,262,756 | 487,766 | 0.29% | Shares |
Activists & 5%+ owners 7 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 |
|---|---|---|---|---|---|
| ETFS Capital Limited, GRAHAM TUCKWELL ×12 filings | Aug. 9, 2024 | · | Initial filing | · | SEC |
| Jonathan L. Steinberg ×2 filings | Feb. 7, 2017 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | May 14, 2002 | · | Initial filing | · | SEC |
| Undisclosed reporting person | March 23, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Jan. 26, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Jan. 10, 2001 | · | Initial filing | · | SEC |
| Undisclosed reporting person | Jan. 10, 2001 | · | 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.
Company insiders 36 insiders · 15 officers · 20 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Alexis Marinof | CEO, Europe | Feb. 23, 2026 A | 256,272 | 0 | 0 | $0 |
| Jonathan L Steinberg | Chief Executive Officer | Feb. 23, 2026 A | 9,763,318 | 0 | 0 | $0 |
| Bryan Edmiston | Chief Financial Officer | Feb. 23, 2026 A | 271,667 | 0 | 0 | $0 |
| Amit Muni | Chief Financial Officer | Jan. 25, 2021 A | 700,250 | 0 | 0 | $0 |
| Jarrett R Lilien | President and COO | Sept. 9, 2026 S | 1,080,245 | 0 | 5 | $-2,243,575 |
| Peter M Ziemba | Chief Administrative Officer | May 19, 2026 S | 885,686 | 0 | 1 | $-1,931,000 |
| David M Yates | Chief Information Officer | May 5, 2026 S | 157,499 | 0 | 2 | $-346,738 |
| William Bradley Peck | Head of Digital Assets | Feb. 23, 2026 A | 243,168 | 0 | 0 | $0 |
| Marci Frankenthaler | Chief Legal Officer | Feb. 23, 2026 A | 315,272 | 0 | 0 | $0 |
| Jeremy Schwartz | Global Head of Research | March 12, 2020 P | 692,496 | 0 | 0 | $0 |
| Stuart Bell | Executive Vice President | Dec. 12, 2019 M | 133,261 | 0 | 0 | $0 |
| Gregory E Barton | Chief Legal Officer | Jan. 27, 2019 F | 223,693 | 0 | 0 | $0 |
| David J. Abner | Head of WisdomTree Europe | Jan. 25, 2019 A | 197,819 | 0 | 0 | $0 |
| Kurt Macalpine | Global Head of Distribution | Jan. 25, 2019 A | 295,221 | 0 | 0 | $0 |
| Luciano Siracusano III | Chief Investment Strategist | Sept. 14, 2018 M | 497,041 | 0 | 0 | $0 |
| Lynn S. Blake | Director | June 17, 2026 A | 62,571 | 0 | 0 | $0 |
| Shamla Naidoo | Director | June 17, 2026 A | 40,194 | 0 | 0 | $0 |
| Smita Conjeevaram | Director | June 17, 2026 A | 82,877 | 0 | 0 | $0 |
| Daniela Mielke | Director | June 17, 2026 A | 56,833 | 0 | 0 | $0 |
| Rilla S Delorier | Director | June 17, 2026 A | 37,360 | 0 | 0 | $0 |
| Anthony Bossone | Director | June 17, 2026 A | 650,898 | 0 | 0 | $0 |
| Tonia L Pankopf | Director | June 17, 2026 A | 40,471 | 6 | 0 | $3,264 |
| Frank Salerno | Director | June 17, 2026 A | 228,345 | 0 | 0 | $0 |
| Win J Neuger | Director | June 17, 2025 A | 158,205 | 0 | 0 | $0 |
| Harold Singleton III | Director | June 26, 2023 A | 41,356 | 0 | 0 | $0 |
| Deborah Fuhr | Director | July 25, 2022 A | 20,835 | 0 | 0 | $0 |
| Susan J Cosgrove | Director | July 25, 2022 A | 80,543 | 0 | 0 | $0 |
| Bruce I Lavine | Director | June 17, 2021 A | 220,024 | 0 | 0 | $0 |
| Michael H Steinhardt | Director | June 18, 2019 A | 8,870,799 | 0 | 0 | $0 |
| Steven L Begleiter | Director | June 19, 2018 A | 149,607 | 0 | 0 | $0 |
| Brian T Shea | Director | June 19, 2018 A | 10,536 | 0 | 0 | $0 |
| James D Robinson IV | Director | Dec. 14, 2012 S | 51,487 | 0 | 0 | $0 |
| Drake Mosier | Director | July 30, 2003 A | · | 0 | 0 | $0 |
| Christopher Meigher III | Director | July 30, 2003 A | · | 0 | 0 | $0 |
| RRE Ventures GP III, LLC | 10% owner | Dec. 14, 2012 S | 51,487 | 0 | 0 | $0 |
| RRE Ventures III-A, LP | 10% owner | Dec. 14, 2012 S | 1,118,807 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 50 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 |
|---|---|---|---|---|
| PFI · Invesco Exchange-Traded Fund Trust | 2.11% | 48,771 SH | Oct. 2, 2026 | Daily |
| RZG · Invesco Exchange-Traded Fund Trust | 0.86% | 42,926 SH | Oct. 2, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.77% | 84,895 SH | Oct. 2, 2026 | Daily |
| PSCF · Invesco Exchange-Traded Fund Trust … | 0.75% | 8,564 SH | Oct. 2, 2026 | Daily |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.54% | 91,501 SH | Oct. 2, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.46% | 304,950 NS | July 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.25% | 16,935 NS | July 31, 2026 | N-PORT |
| VIOG · VANGUARD ADMIRAL FUNDS | 0.23% | 149,774 SH | Aug. 19, 2026 | Daily |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.22% | 154,487 NS | July 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.22% | 1,280,798 SH | Sept. 11, 2026 | Daily |
| QVMS · Invesco Exchange-Traded Fund Trust … | 0.20% | 19,139 SH | Oct. 2, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.16% | 108,631 NS | July 31, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.14% | 146,189 SH | Aug. 19, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | 0.12% | 440,035 SH | Aug. 19, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.12% | 129,599 SH | Oct. 2, 2026 | Daily |
| IWM · iShares Trust | 0.11% | 3,486,269 SH | Sept. 11, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.09% | 27,623 NS | July 31, 2026 | N-PORT |
| ESML · iShares Trust | 0.09% | 105,337 SH | Sept. 11, 2026 | Daily |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.09% | 32,409 NS | July 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.08% | 65,281 NS | July 31, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.07% | 785,034 SH | Aug. 19, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.06% | 503,464 NS | July 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.06% | 21,854 SH | Sept. 11, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | 0.05% | 2,004,726 SH | Aug. 19, 2026 | Daily |
| RWJ · Invesco Exchange-Traded Fund Trust … | 0.04% | 32,667 SH | Oct. 2, 2026 | Daily |
| DXUV · Dimensional ETF Trust | 0.03% | 9,074 NS | July 31, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.03% | 3,158,894 SH | Aug. 19, 2026 | Daily |
| WSML · iShares Trust | 0.03% | 8,076 SH | Sept. 11, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.03% | 33,884 NS | July 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.02% | 1,443,606 SH | Aug. 19, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.02% | 202,249 SH | Aug. 19, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.01% | 338,314 NS | July 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 15,916 NS | July 31, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 19,729 NS | July 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 38,434 NS | July 31, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 40,607 SH | Sept. 11, 2026 | Daily |
| ITOT · iShares Trust | 0.00% | 181,042 SH | Sept. 11, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 40,487 NS | July 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 171 NS | July 31, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 632 NS | July 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 4,380,113 SH | Aug. 19, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | 0.00% | 106,922 SH | Aug. 19, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 11,255 SH | Aug. 19, 2026 | Daily |
| ESGV · VANGUARD WORLD FUND | 0.00% | 30,210 SH | Aug. 19, 2026 | Daily |
| IJR · iShares Trust | · | 7,677,348 SH | Sept. 10, 2026 | Daily |
| IJT · iShares Trust | · | 1,193,431 SH | Sept. 9, 2026 | Daily |
| XJR · iShares Trust | · | 17,357 SH | Aug. 31, 2026 | Daily |
| ISCB · iShares Trust | · | 5,279 SH | Sept. 11, 2026 | Daily |
| ISCV · iShares Trust | · | 11,062 SH | Sept. 11, 2026 | Daily |
| SMLF · iShares Trust | · | 100,346 SH | Sept. 11, 2026 | Daily |
WT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
7 analysts · 2026-09-30Mean target $25.19 +3.3%
Peer comparison (GICS sub-industry) Key metrics vs sector peers
FY basis, prices as of each company's last fiscal year-end close.
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WT | $1.72B | 16.3 | 15.4% | 22.1% | 25.4% | · |
| GBDC | $3.64B | 9.6 | · | · | 9.4% | · |
| HTGC | · | · | · | · | · | · |
| FSK | $4.15B | 370.2 | · | · | 0.18% | · |
| XXI | · | · | · | · | · | · |
| APAM | $3.29B | 10.1 | 7.6% | 24.3% | 70.2% | · |
| GCMG | · | 27.0 | 8.5% | 8.1% | -14449.4% | · |
| TSLX | $2.06B | 12.0 | · | · | 10.6% | · |
| TRIN | $1.19B | 7.5 | -46.2% | 2767.4% | 14.1% | · |
| BLK | $165.98B | 30.3 | 18.7% | 22.9% | 10.7% | · |
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