WT WisdomTree, Inc. Common Stock
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.
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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 ↗
WT Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
WT Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| Aug. 12, 2026 | $0.0300 |
| May 13, 2026 | $0.0300 |
| Feb. 11, 2026 | $0.0300 |
| Nov. 12, 2025 | $0.0300 |
| Aug. 13, 2025 | $0.0300 |
| May 14, 2025 | $0.0300 |
| Feb. 12, 2025 | $0.0300 |
| Nov. 6, 2024 | $0.0300 |
| Aug. 7, 2024 | $0.0300 |
| May 7, 2024 | $0.0300 |
| Feb. 13, 2024 | $0.0300 |
| Nov. 7, 2023 | $0.0300 |
| Aug. 8, 2023 | $0.0300 |
| May 9, 2023 | $0.0300 |
| Feb. 14, 2023 | $0.0300 |
| Nov. 8, 2022 | $0.0300 |
| Aug. 9, 2022 | $0.0300 |
| May 10, 2022 | $0.0300 |
| Feb. 8, 2022 | $0.0300 |
| Nov. 9, 2021 | $0.0300 |
WT Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 5 31.2%
- Buy 8 50.0%
- Hold 3 18.8%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
7 analysts · 2026-08-19Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.31 | $0.27 | 0.04% |
| March 31, 2026 | $0.27 | $0.26 | 0.01% |
| Dec. 31, 2025 | $0.29 | $0.24 | 0.05% |
| Sept. 30, 2025 | $0.23 | $0.22 | 0.01% |
| June 30, 2025 | $0.18 | $0.18 | -0.00% |
| March 31, 2025 | $0.16 | $0.16 | 0.00% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| WT | $1.72B | 16.3 | 15.4% | 22.1% | 25.4% | — |
| FSK | $4.15B | 370.2 | — | — | 0.18% | — |
| AAMI | — | 21.3 | 11.5% | 14.2% | — | — |
| HTGC | — | — | — | — | — | — |
| DBRG | — | 33.3 | -84.5% | 151.0% | 7.0% | — |
| XXI | — | — | — | — | — | — |
| 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% | — |
| CSWC | $1.34B | 11.6 | — | — | 11.5% | — |
| BLK | $165.98B | 30.3 | 18.7% | 22.9% | 10.7% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 16
| 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 25
| 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 17
| 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 7
| 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 4
| 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 2
| 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 |
Growth Rates 7
| 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% | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | -3.0% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 17
| 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 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | 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 | -284,864,000 | 139,584,000 | 143,076,000 | 142,580,000 | -292,659,000 | 143,929,000 | 146,896,000 | 146,464,000 | -288,790,000 | 145,284,000 | 144,351,000 | 143,862,000 | -428,804,980 | 143,120,000 | |
| Shares (Diluted) | 156,276,000 | 138,005,000 | -298,921,000 | 150,675,000 | 146,640,000 | 146,545,000 | -316,712,000 | 143,929,000 | 166,359,000 | 165,268,000 | -337,286,000 | 177,140,000 | 170,672,000 | 159,887,000 | -460,552,086 | 158,953,000 | |
| EBITDA | $72M | $59M | · | $46M | $35M | $34M | · | $41M | $34M | $28M | · | $27M | $18M | $17M | · | $15M |
Balance Sheet 25
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | 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 15
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | 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 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 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 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 | 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 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 | 0.1 | 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 | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $575M | $506M | · | $459M | $441M | $425M | · | $407M | $380M | $355M | · | $331M | · | · | · | · | |
| Net Income TTM | $66M | $46M | · | $65M | $67M | $64M | · | $52M | $111M | $106M | · | $165M | $160M | $95M | · | $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 | 41.3 | 48.5 | · | 40.9 | 33.9 | 29.7 | · | 50.0 | 15.2 | 14.8 | · | 7.1 | 7.1 | 10.3 | · | 8.7 | |
| P/S | 4.5 | 4.4 | · | 4.2 | 3.8 | 3.1 | · | 3.6 | 4.0 | 3.9 | · | 3.2 | · | · | · | · | |
| 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 | · | · | |
| P / FCF | · | 123.8 | · | · | · | 206.9 | · | · | · | -1263.8 | · | · | · | -161.3 | · | · | |
| EV / EBITDA | · | · | · | 42.2 | 48.2 | 37.8 | · | 35.3 | 41.4 | 46.3 | · | · | · | · | · | · | |
| EV / FCF | · | · | · | · | · | 203.6 | · | · | · | -1171.3 | · | · | · | · | · | · | |
| EV / Revenue | · | · | · | 4.2 | 3.8 | 3.0 | · | 3.5 | 3.7 | 3.6 | · | · | · | · | · | · | |
| Earnings Yield | 2.4% | 2.1% | · | 2.5% | 2.9% | 3.4% | · | 2.0% | 6.6% | 6.8% | · | 14.1% | 14.1% | 9.7% | · | 11.5% | |
| Payout Ratio | · | -20.5% | · | · | · | 18.8% | · | · | · | 22.6% | · | · | · | 29.7% | · | · |
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 | $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 |
Balance Sheet
| 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 | — |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $148M | $113M | $85M | $55M | — |
Latest News Recent headlines mentioning this company
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Institutional owners (13F) 347 filers · $1.8B 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.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 61 (-13 vs prior Q) | 47 (+19 vs prior Q) | 114 (+5 vs prior Q) | 95 (0 vs prior Q) | -6.1M |
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 |
|---|---|---|---|---|
| FMR LLC | $171,667,872 | 10,133,877 | 9.59% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $137,609,769 | 8,123,363 | 7.69% | Shares |
| Capital World Investors | $127,847,772 | 7,547,094 | 7.14% | Shares |
| Azora Capital LP | $104,697,839 | 6,180,510 | 5.85% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $102,764,240 | 6,066,366 | 5.74% | Shares |
| STATE STREET CORP | $95,034,145 | 5,610,044 | 5.31% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $85,055,960 | 5,021,013 | 4.75% | Shares |
| Driehaus Capital Management LLC | $79,663,823 | 4,702,705 | 4.45% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $59,549,934 | 3,515,344 | 3.33% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $47,625,378 | 2,810,861 | 2.66% | Shares |
| Simcoe Capital Management, LLC | $45,298,322 | 2,674,045 | 2.53% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $35,706,000 | 2,107,798 | 1.99% | Shares |
| LOOMIS SAYLES & CO L P | $30,863,765 | 1,821,946 | 1.72% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $28,573,985 | 1,686,776 | 1.60% | Shares |
| BANK OF AMERICA CORP /DE/ | $24,880,540 | 1,468,745 | 1.39% | Shares |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | $21,291,124 | 1,256,855 | 1.19% | Shares |
| Junto Capital Management LP | $19,837,858 | 1,171,066 | 1.11% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $18,209,747 | 1,074,956 | 1.02% | Shares |
| Toroso Investments, LLC | $16,807,389 | 1,378,785 | 0.94% | Shares |
| Cubist Systematic Strategies, LLC | $16,196,563 | 1,165,220 | 0.90% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $15,602,418 | 921,040 | 0.87% | Shares |
| GOLDMAN SACHS GROUP INC | $14,798,953 | 873,610 | 0.83% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $14,655,082 | 865,117 | 0.82% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $13,897,576 | 820,400 | 0.78% | Call option |
| JANE STREET GROUP, LLC | $13,673,968 | 807,200 | 0.76% | Call option |
| MORGAN STANLEY | $13,311,045 | 785,776 | 0.74% | Shares |
| Qube Research & Technologies Ltd | $12,994,420 | 767,085 | 0.73% | Shares |
| ArrowMark Colorado Holdings LLC | $12,957,863 | 764,927 | 0.72% | Shares |
| TWO SIGMA INVESTMENTS, LP | $10,946,797 | 646,210 | 0.61% | Shares |
| DANSKE BANK A/S | $10,768,233 | 635,669 | 0.60% | Shares |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | $10,502,800 | 620,000 | 0.59% | Shares |
| FIRST TRUST ADVISORS LP | $10,482,703 | 618,814 | 0.59% | Shares |
| CITIGROUP INC | $9,673,638 | 571,053 | 0.54% | Shares |
| Caption Management, LLC | $9,655,800 | 570,000 | 0.54% | Call option |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $9,185,715 | 542,250 | 0.51% | Shares |
| CREDIT AGRICOLE S A | $8,312,848 | 490,723 | 0.46% | Shares |
| TWO SIGMA ADVISERS, LP | $8,281,886 | 679,400 | 0.46% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $8,264,890 | 487,892 | 0.46% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $8,262,756 | 487,766 | 0.46% | Shares |
| MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC | $7,404,847 | 437,122 | 0.41% | Shares |
| Public Sector Pension Investment Board | $7,322,925 | 432,286 | 0.41% | Shares |
| Interval Partners, LP | $7,316,759 | 431,922 | 0.41% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $7,185,355 | 424,165 | 0.40% | Shares |
| AMERICAN CENTURY COMPANIES INC | $7,120,797 | 420,354 | 0.40% | Shares |
| INTRINSIC EDGE CAPITAL MANAGEMENT LLC | $6,776,000 | 400,000 | 0.38% | Put option |
| BARCLAYS PLC | $6,725,791 | 397,036 | 0.38% | Shares |
| Karl Kapital LLC | $6,477,704 | 382,391 | 0.36% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $6,437,319 | 380,007 | 0.36% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $6,323,634 | 373,296 | 0.35% | Shares |
| Phase 2 Partners, LLC | $6,206,854 | 591,129 | 0.35% | Shares |
| MILLENNIUM MANAGEMENT LLC | $6,191,265 | 365,482 | 0.35% | Shares |
| Weiss Asset Management LP | $5,893,782 | 347,921 | 0.33% | Shares |
| RHUMBLINE ADVISERS | $5,219,280 | 308,105 | 0.29% | Shares |
| Brevan Howard Capital Management LP | $5,179,369 | 303,153 | 0.29% | Shares |
| AMERIPRISE FINANCIAL INC | $5,135,141 | 303,137 | 0.29% | Shares |
| XTX Topco Ltd | $4,554,471 | 268,859 | 0.25% | Shares |
| Point72 Asset Management, L.P. | $4,473,346 | 264,070 | 0.25% | Shares |
| ROTHSCHILD INVESTMENT LLC | $4,383,849 | 258,787 | 0.24% | Shares |
| CITADEL ADVISORS LLC | $4,233,187 | 249,893 | 0.24% | Shares |
| Swiss National Bank | $4,219,754 | 249,100 | 0.24% | Shares |
| CITADEL ADVISORS LLC | $4,124,890 | 243,500 | 0.23% | Call option |
| TUDOR INVESTMENT CORP ET AL | $4,033,414 | 238,100 | 0.23% | Call option |
| Foundry Partners, LLC | $3,915,407 | 438,947 | 0.22% | Shares |
| J. Goldman & Co LP | $3,882,648 | 229,200 | 0.22% | Call option |
| MML INVESTORS SERVICES, LLC | $3,499,535 | 206,584 | 0.20% | Shares |
| Engineers Gate Manager LP | $3,441,412 | 203,153 | 0.19% | Shares |
| Legal & General Group Plc | $3,282,549 | 193,775 | 0.18% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $3,244,247 | 191,514 | 0.18% | Shares |
| Quantinno Capital Management LP | $3,075,428 | 181,548 | 0.17% | Shares |
| STIFEL FINANCIAL CORP | $2,941,601 | 173,648 | 0.16% | Shares |
| SummitTX Capital, L.P. | $2,929,739 | 172,948 | 0.16% | Shares |
| Neo Ivy Capital Management | $2,901,737 | 171,295 | 0.16% | Shares |
| HORIZON KINETICS ASSET MANAGEMENT LLC | $2,813,995 | 166,115 | 0.16% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $2,808,576 | 165,600 | 0.16% | Shares |
| Odyssean, LLC | $2,802,418 | 165,432 | 0.16% | Shares |
| Pacific Capital Partners Ltd | $2,752,022 | 162,457 | 0.15% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $2,635,779 | 155,595 | 0.15% | Shares |
| POLEN CAPITAL MANAGEMENT LLC | $2,524,924 | 149,051 | 0.14% | Shares |
| Militia Capital Management LLC | $2,500,886 | 147,632 | 0.14% | Shares |
| LPL Financial LLC | $2,405,021 | 141,973 | 0.13% | Shares |
| AlphaQuest LLC | $2,370,041 | 194,425 | 0.13% | Shares |
| Kiker Wealth Management, LLC | $2,337,810 | 138,005 | 0.13% | Shares |
| GLOBEFLEX CAPITAL L P | $2,314,682 | 136,640 | 0.13% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $2,304,426 | 158,271 | 0.13% | Shares |
| ALLIANCEBERNSTEIN L.P. | $2,235,382 | 153,529 | 0.12% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,235,199 | 131,948 | 0.12% | Shares |
| LEVEL FOUR ADVISORY SERVICES, LLC | $2,220,869 | 131,102 | 0.12% | Shares |
| BlackRock, Inc. | $2,170,387 | 128,122 | 0.12% | Shares |
| Bank of New York Mellon Corp | $2,024,466 | 119,508 | 0.11% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $2,011,960 | 165,050 | 0.11% | Shares |
| GROUP ONE TRADING LLC | $1,987,960 | 117,353 | 0.11% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,876,749 | 110,788 | 0.10% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,866,957 | 110,210 | 0.10% | Shares |
| NORDEA INVESTMENT MANAGEMENT AB | $1,858,913 | 108,772 | 0.10% | Shares |
| Corient Private Wealth LP | $1,776,296 | 104,858 | 0.10% | Shares |
| Y-Intercept (Hong Kong) Ltd | $1,717,580 | 101,392 | 0.10% | Shares |
| ALGERT GLOBAL LLC | $1,703,995 | 100,590 | 0.10% | Shares |
| Crawford Fund Management, LLC | $1,628,950 | 96,160 | 0.09% | Shares |
| Integrated Quantitative Investments LLC | $1,561,021 | 92,150 | 0.09% | Shares |
| Moran Wealth Management, LLC | $1,518,976 | 89,668 | 0.08% | Shares |
Company insiders 35 insiders · 14 officers · 20 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jonathan L Steinberg | Chief Executive Officer | Feb. 23, 2026 A | 9,763,318 | 0 | 0 | $0 |
| Bryan Edmiston | Chief Financial Officer | Jan. 25, 2022 A | 71,117 | 0 | 0 | $0 |
| Amit Muni | Chief Financial Officer | Jan. 25, 2021 A | 700,250 | 0 | 0 | $0 |
| Jarrett R Lilien | President and COO | May 20, 2026 S | 1,110,245 | 0 | 4 | $-1,506,775 |
| Peter M Ziemba | Chief Administrative Officer | May 19, 2026 S | 885,686 | 0 | 1 | $-1,931,000 |
| William Bradley Peck | Head of Digital Assets | Jan. 25, 2022 A | 91,565 | 0 | 0 | $0 |
| Alexis Marinof | Head of WisdomTree Europe | Jan. 25, 2022 A | 135,452 | 0 | 0 | $0 |
| Marci Frankenthaler | Chief Legal Officer | Jan. 25, 2022 A | 111,932 | 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 |
| Harold Singleton III | Director | July 25, 2022 A | 26,694 | 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 |
| Win J Neuger | Director | July 25, 2022 A | 123,520 | 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
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.
ETF ownership Held by 72 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 |
|---|---|---|---|---|
| DEEP · ETF Series Solutions | 1.25% | 17,204 NS | May 31, 2026 | N-PORT |
| PSC · Principal Exchange-Traded Funds | 0.53% | 732,135 NS | June 30, 2026 | N-PORT |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.52% | 320,303 NS | April 30, 2026 | N-PORT |
| MMSC · First Trust Exchange-Traded Fund VI… | 0.43% | 11,887 NS | May 31, 2026 | N-PORT |
| BFOR · ALPS ETF Trust | 0.29% | 32,765 NS | May 31, 2026 | N-PORT |
| OASC · Unified Series Trust | 0.28% | 12,272 NS | May 31, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.27% | 190,727 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.19% | 280,791 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.18% | 92,393 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.15% | 110,583 NS | April 30, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.11% | 8,206 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 45,907 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.11% | 29,913 NS | April 30, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.10% | 11,015 NS | May 31, 2026 | N-PORT |
| SAA · ProShares Trust | 0.10% | 1,375 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.06% | 53,579 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.06% | 5,826 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.05% | 452,036 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.05% | 551,392 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.03% | 4,556 NS | May 31, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.03% | 9,165 NS | May 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.03% | 32,954 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.03% | 4,613 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.02% | 5,833 NS | April 30, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.02% | 4,736 NS | May 31, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.01% | 69,488 NS | May 31, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.01% | 101,233 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 5,153 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 15,719 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 294,438 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 18,702 NS | April 30, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 116 NS | May 31, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 35,345 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 44,257 NS | April 30, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 68,200 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 589 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 163 NS | April 30, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.00% | 632 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VB · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VBR · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | — | — | July 30, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| IJR · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| IJT · iShares Trust | — | — | Aug. 17, 2026 | Daily |