ZETA Zeta Global Holdings Corp. Class A Common Stock
$30.16
Price · Aug 28, 2026
Fundamentals as of Aug 5, 2026
52W Range
$14–$31
97% of range
Analyst Rating
BUY
22 analysts
Price Target
$31
+4% upside
P/E (TTM)
-145.4
ROE
-4.3%
Net Profit Margin
-2.4%
About Zeta Global Holdings Corp. Class A Common Stock Company overview from Wikipedia
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
Read more
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
The company's headquarters is in New York City, with 15 offices worldwide, in 11 countries, including Silicon Valley, London, as well as Chennai and Hyderabad in India. Zeta has more than 1,300 employees worldwide. The company's CEO is David A. Steinberg. Forbes reported that the company had been referred to as a unicorn – a "billion-dollar startup". According to The Wall Street Journal, as of March 2020 the company is profitable, with annual revenues exceeding $400 million.
History
Zeta Global was founded by David A. Steinberg and former Apple Inc. CEO John Sculley in 2007 under the name 'XL Marketing'. The company changed its name to Zeta Interactive in 2014, then again to 'Zeta Global' in October 2016. As of April 2017, Zeta had bought nine companies in the past nine years. In July 2015, the company raised $125 million from Blackstone's GSO Capital Partners to grow its business through the acquisition of data startup companies.
In November 2013, Zeta acquired the Adchemy Actions division from ad tech firm Adchemy to incorporate their 'machine learning' based advertising platform. In January 2014, Zeta acquired Clicksquared, a Boston-based company that created 'The Hub,' a SaaS-based, cross-channel campaign management platform. In late 2015, they acquired the customer relationship management division of eBay's Enterprise operation in a deal which sources near the company said was worth $80–90 million. CEO Steinberg said the deal "gets us a long way toward becoming the largest customer lifecycle management platform." In August 2016, they announced that they had purchased the marketing automation tool 'Acxiom Impact' from marketing technology and services company Acxiom, in a deal which sources said was worth more than $50 million.
In October 2016, Zeta Global hired Jarrod Yahes as CFO. Yahes is a former senior finance executive at EXL Service Holdings, who previously served as the CFO of Jackson Hewitt. In March 2020, Christopher Greiner became CFO of Zeta Global. In April 2017, Zeta appointed Donald Steele as the company's first-ever CRO. That same month, the company raised $140 Million in a large late-stage equity and debt funding round, with funds coming from GPI Capital and Franklin Square Capital Partners. Forbes reported that sources close to the company said this raised the company's valuation to $1.3 billion. On July 18, 2017, Zeta acquired machine-learning centric platform Boomtrain. Steinberg said the company planned to integrate "its machine learning, decisioning and marketing automation in our entire marketing cloud." On December 5, 2017, Zeta Global acquired Disqus.
In 2018–2020, Zeta made several key ad tech acquisitions. In 2019, Zeta Global acquired Temnos, a Silicon Valley AI company. Steinberg, a co-founder of Zeta Global, stated that Temnos "allows us to see everything on the Internet from an intent perspective. It lets us see what people are reading and what is trending globally." Also in 2019, Zeta also acquired demand-side and data management platform ad tech company Sizmek after it filed for bankruptcy. The deal was estimated to be around $36 million, integrating a programmatic ad buying platform into Zeta's data software." During this period, Zeta also acquired Rocket Fuel's data management platform, IgnitionOne's demand side platform, and PlaceIQ's managed media business to further expand its marketing tech capabilities." In March 2021, Zeta announced an additional $222.5 million in new debt financing ahead of filing for its initial public offering. Zeta went public on the New York Stock Exchange on June 10, 2021, at a $1.7 billion valuation under the symbol ZETA.
Products
As of 2019, the company has a database of permission based profiles for approximately 750 million+ people. Using big data analysis, they identify which companies they should sell to, contact those people, and manage existing customers. The Zeta Marketing Platform (ZMP) is the largest omnichannel marketing platform with identity data at its core. While the company originally focused on email marketing, more recently it has expanded into the customer lifecycle management market.
Activities and events
On January 30, 2014, Zeta Interactive hosted a forum on changes in advertising and marketing over the years, using Apple's 1984 commercial as a benchmark. Sculley shared the panel with advertising executive David Sable, Global CEO of Young & Rubicam; Jessica Gelman, Vice President of Customer Marketing and Strategy; The Kraft Group – the owners of the New England Patriots; and Hooman Radfar, chairman and co-founder of marketing firm AddThis.
== References ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
ZETA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$30.16
Market Cap
—
P/E (TTM)
-145.4
EPS (TTM)
$-0.14
Revenue (TTM)
$1.30B
Div Yield
—
ROE
-4.3%
Debt/Equity
0.2
52W Range
$14 – $31
ZETA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$1.30B
2019-12-31
→
2025-12-31
EPS
$-0.14
2019-12-31
→
2025-12-31
Free Cash Flow
$185M
2021-12-31
→
2025-12-31
Margins
-2.4%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ZETA
Peer Median
P/E (TTM)
-145.4
77.0
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ZETA
Peer Median
Operating Margin
0.41%
—
Net Profit Margin
-2.4%
6.1%
ROA
-2.4%
3.2%
ROE
-4.3%
6.8%
ROIC
0.51%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ZETA
Peer Median
Debt / Equity
0.2
—
Current Ratio
1.6
1.6
Quick Ratio
1.5
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ZETA
Peer Median
Revenue YoY
29.7%
—
Revenue CAGR 3Y
30.2%
—
Revenue CAGR 5Y
28.8%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ZETA
Peer Median
ZETA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
22 analysts
- Strong Buy 6 27.3%
- Buy 13 59.1%
- Hold 3 13.6%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
14 analysts · 2026-08-25
Median
$30.00
Now
$30.16
Low
$25.00
High
$44.00
Median target
$30.00
-0.5%
Mean target
$31.36
+4.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.25 | $0.20 | 0.05% |
| March 31, 2026 | $0.17 | $0.12 | 0.05% |
| Dec. 31, 2025 | $0.28 | $0.24 | 0.04% |
| Sept. 30, 2025 | $0.20 | $0.19 | 0.01% |
| June 30, 2025 | $0.14 | $0.14 | 0.00% |
| March 31, 2025 | $0.11 | $0.12 | -0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ZETA | — | -145.4 | 29.7% | -2.4% | -4.3% | — |
| QBTS | $9.38B | -23.6 | 178.5% | -1444.1% | -45.9% | 82.6% |
| PEGA | $10.17B | 28.0 | 16.6% | 22.5% | 55.7% | 75.9% |
| RNG | — | 60.2 | 4.8% | — | — | — |
| KVYO | — | -295.2 | 31.6% | -2.6% | -2.8% | 74.7% |
| ACIW | $4.91B | 22.1 | 10.4% | 12.9% | 15.6% | — |
| OCTV | — | — | — | — | — | — |
| CORZ | — | — | — | — | — | — |
| BOX | $3.57B | 43.7 | 8.0% | 9.8% | -40.6% | 79.2% |
| CCC | $4.81B | — | 11.9% | 0.16% | 0.09% | 73.5% |
| BILL | $3.33B | -328.7 | 13.0% | -0.68% | -0.31% | 80.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.30B | $1.01B | $729M | $591M | $458M | $368M | $306M | |
| Cost of Revenue | $514M | $400M | $274M | $215M | $175M | $149M | $110M | |
| R&D Expense | $117M | $91M | $74M | $69M | $64M | $32M | $29M | |
| SG&A Expense | $233M | $205M | $205M | $214M | $190M | $71M | $73M | |
| Operating Income | $5M | $-68M | $-168M | $-259M | $-248M | $-8M | $-18M | |
| Interest Expense | $371.0K | $7M | $11M | $7M | $7M | $16M | $15M | |
| Other Non-op | $-38M | $-7M | $-19M | $-22M | $-2M | $-44M | $-20M | |
| Pretax Income | $-33M | $-75M | $-186M | $-281M | $-250M | $-52M | $-37M | |
| Income Tax | $-2M | $-5M | $1M | $-1M | $-598.0K | $919.0K | $1M | |
| Net Income | $-32M | $-70M | $-187M | $-279M | $-250M | $-53M | $-38M | |
| EPS (Basic) | $-0.14 | $-0.38 | $-1.20 | $-2.01 | $-2.95 | $-2.23 | $-1.77 | |
| EPS (Diluted) | $-0.14 | $-0.38 | $-1.20 | $-2.01 | $-2.95 | $-2.23 | $-1.77 | |
| Shares (Basic) | 220,722,814 | 185,984,107 | 156,697,308 | 138,985,265 | 86,932,191 | 32,589,409 | 31,579,301 | |
| Shares (Diluted) | 220,722,814 | 185,984,107 | 156,697,308 | 138,985,265 | 86,932,191 | 32,589,409 | 31,579,301 | |
| EBITDA | $5M | $-68M | $-168M | $-259M | $-248M | · | · |
Balance Sheet 26
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $320M | $366M | $132M | $121M | $104M | $51M | $38M | |
| Receivables | $322M | $235M | $170M | $106M | $84M | $79M | · | |
| Prepaid Expense | $29M | $13M | $6M | $7M | $7M | $4M | · | |
| Other Current Assets | $15M | $2M | $2M | $2M | $2M | $7M | · | |
| Current Assets | $686M | $617M | $310M | $236M | $196M | $141M | · | |
| PP&E (Net) | $15M | $9M | $7M | $6M | $6M | $6M | · | |
| PP&E (Gross) | $46M | $35M | $29M | $26M | $23M | $20M | · | |
| Accum. Depreciation | $30M | $26M | $22M | $20M | $17M | $14M | · | |
| Goodwill | $528M | $326M | $141M | $133M | $115M | $76M | $78M | |
| Intangibles | $218M | $115M | $49M | $44M | $41M | $29M | · | |
| Other Non-current Assets | $5M | $6M | $4M | $2M | $1M | $521.0K | · | |
| Total Assets | $1.50B | $1.11B | $551M | $467M | $397M | $286M | · | |
| Accounts Payable | $40M | $44M | $64M | $34M | $22M | $41M | · | |
| Accrued Liabilities | $179M | $121M | $85M | $72M | $64M | $45M | · | |
| Current Liabilities | $429M | $199M | $176M | $129M | $106M | $104M | · | |
| Capital Leases | $12M | $7M | $7M | $8M | · | · | · | |
| Deferred Tax | $17M | · | · | · | · | · | · | |
| Other Non-current Liabilities | $16M | $10M | $7M | $8M | $2M | $2M | · | |
| Total Liabilities | $699M | $435M | $370M | $338M | $307M | $371M | · | |
| Long-term Debt | $197M | $196M | $184M | $184M | $184M | $190M | · | |
| Total Debt | $197M | $196M | $184M | $184M | $184M | · | · | |
| Retained Earnings | $-1.06B | $-1.03B | $-959M | $-771M | $-492M | $-242M | · | |
| Treasury Stock | · | · | · | · | · | $23M | · | |
| AOCI | $466.0K | $-2M | $-2M | $-2M | $-2M | $-2M | · | |
| Stockholders' Equity | $805M | $677M | $181M | $128M | $90M | $-239M | $-186M | |
| Liabilities + Equity | $1.50B | $1.11B | $551M | $467M | $397M | $286M | · |
Cash Flow 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $72M | $56M | $51M | $52M | $46M | $40M | $34M | |
| Stock-based Comp | $178M | $195M | $243M | $299M | $259M | $105.0K | $216.0K | |
| Deferred Tax | $-5M | $-7M | $22.0K | $-3M | $-2M | $-95.0K | · | |
| Amort. of Intangibles | $47M | $30M | $23M | $24M | $20M | $16M | · | |
| Restructuring | $3M | $0 | $3M | · | $727.0K | $2M | $1M | |
| Operating Cash Flow | $199M | $134M | $91M | $78M | $44M | $36M | $31M | |
| CapEx | $14M | $26M | $20M | $22M | $9M | $2M | $3M | |
| Investing Cash Flow | $-124M | $-98M | $-54M | $-48M | $-47M | $-25M | $-62M | |
| Net Debt Issued | $-10M | $-6M | $-11M | · | · | · | · | |
| Financing Cash Flow | $-121M | $198M | $-26M | $-13M | $56M | $3M | $28M | |
| Net Change in Cash | $-46M | $234M | $11M | $17M | $53M | $13M | $-3M | |
| Taxes Paid | $3M | $2M | $2M | $2M | $2M | $1M | $783.0K | |
| Free Cash Flow | $185M | $108M | $70M | $56M | $35M | · | · | |
| Levered FCF | $185M | $101M | $59M | $49M | $28M | · | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 0.41% | -6.8% | -23.0% | -43.8% | -54.2% | · | · | |
| Net Margin | -2.4% | -6.9% | -25.7% | -47.2% | -54.4% | · | · | |
| Pretax Margin | -2.5% | -7.4% | -25.6% | -47.5% | -54.6% | · | · | |
| EBITDA Margin | 0.41% | -6.8% | -23.0% | -43.8% | -54.2% | · | · | |
| ROA | -2.4% | -8.4% | -36.9% | -64.7% | -73.0% | · | · | |
| ROE | -4.3% | -12.1% | -113.5% | -235.5% | -341.2% | · | · | |
| ROIC | 0.51% | -7.2% | -46.2% | -82.6% | -90.4% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.6 | 3.1 | 1.8 | 1.8 | 1.9 | · | · | |
| Quick Ratio | 1.5 | 3.0 | 1.7 | 1.8 | 1.8 | · | · | |
| Debt / Equity | 0.2 | 0.3 | 1.0 | 1.4 | 2.0 | · | · | |
| LT Debt / Equity | 0.2 | 0.3 | 1.0 | 1.4 | 2.0 | · | · | |
| Interest Coverage | 14.5 | -9.5 | -15.3 | -35.5 | -35.3 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.0 | 1.2 | 1.4 | 1.4 | 1.3 | · | · | |
| Receivables Turnover | 4.7 | 5.0 | 5.3 | 6.2 | 5.6 | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 29.7% | 38.0% | 23.3% | 28.9% | 24.5% | · | · | |
| Revenue CAGR 3Y | 30.2% | 29.9% | 25.6% | · | · | · | · | |
| Revenue CAGR 5Y | 28.8% | · | · | · | · | · | · |
Valuation (TTM) 4
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.30B | $1.01B | $729M | $591M | $458M | · | · | |
| Net Income TTM | $-32M | $-70M | $-187M | $-279M | $-250M | · | · | |
| P/E | -145.4 | -47.3 | -7.3 | -4.1 | -2.9 | · | · | |
| Earnings Yield | -0.69% | -2.1% | -13.6% | -24.6% | -35.0% | · | · |
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 | $443M | $396M | $395M | $337M | $308M | $264M | $315M | $268M | $228M | $195M | $210M | $189M | $172M | $158M | $175M | $152M | |
| Cost of Revenue | $181M | $162M | $160M | $133M | $117M | $103M | $126M | $106M | $91M | $77M | $85M | $73M | $62M | $54M | $66M | $58M | |
| R&D Expense | $42M | $45M | $30M | $30M | $31M | $27M | $24M | $23M | $24M | $20M | $20M | $18M | $17M | $19M | $17M | $17M | |
| SG&A Expense | $76M | $73M | $60M | $56M | $62M | $54M | $54M | $50M | $51M | $49M | $51M | $51M | $51M | $53M | $51M | $54M | |
| Operating Income | $17M | $-19M | $18M | $9M | $-5M | $-16M | $7M | $-12M | $-27M | $-36M | $-32M | $-37M | $-46M | $-52M | $-48M | $-66M | |
| Interest Expense | $898.0K | $761.0K | $54.0K | $-180.0K | $166.0K | $331.0K | $17.0K | $2M | $3M | $3M | $3M | $3M | $3M | $2M | $2M | $2M | |
| Other Non-op | $-9M | $3M | $-17M | $-12M | $-7M | $-4M | $2M | $-5M | $-996.0K | $-3M | $-3M | $-5M | $-6M | $-4M | $-4M | $-2M | |
| Pretax Income | $8M | $-16M | $1M | $-3M | $-12M | $-20M | $9M | $-17M | $-28M | $-39M | $-35M | $-42M | $-52M | $-57M | $-52M | $-69M | |
| Income Tax | $-373.0K | $-3M | $-5M | $840.0K | $1M | $2M | $-6M | $200.0K | $486.0K | $396.0K | $-60.0K | $590.0K | $309.0K | $198.0K | $-131.0K | $896.0K | |
| Net Income | $8M | $-13M | $7M | $-4M | $-13M | $-22M | $15M | $-17M | $-28M | $-40M | $-35M | $-43M | $-52M | $-57M | $-52M | $-69M | |
| EPS (Basic) | $0.03 | $-0.06 | $0.04 | $-0.02 | $-0.06 | $-0.10 | $0.10 | $-0.09 | $-0.16 | $-0.23 | $-0.21 | $-0.27 | $-0.34 | $-0.38 | $-0.35 | $-0.49 | |
| EPS (Diluted) | $0.03 | $-0.06 | $0.04 | $-0.02 | $-0.06 | $-0.10 | $0.10 | $-0.09 | $-0.16 | $-0.23 | $-0.21 | $-0.27 | $-0.34 | $-0.38 | $-0.35 | $-0.49 | |
| Shares (Basic) | 245,335,221 | 238,552,591 | -431,529,974 | 222,440,882 | 217,253,856 | 212,558,050 | -351,025,613 | 187,905,129 | 177,870,238 | 171,234,353 | -306,001,827 | 158,055,789 | 154,597,506 | 150,045,840 | -271,597,158 | 140,594,128 | |
| Shares (Diluted) | 256,581,527 | 238,552,591 | -431,529,974 | 222,440,882 | 217,253,856 | 212,558,050 | -351,025,613 | 187,905,129 | 177,870,238 | 171,234,353 | -306,001,827 | 158,055,789 | 154,597,506 | 150,045,840 | -271,597,158 | 140,594,128 | |
| EBITDA | $17M | $-19M | · | $9M | $-5M | $-16M | · | $-12M | $-27M | $-36M | · | $-37M | $-46M | $-52M | · | $-66M |
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 | $310M | $289M | $320M | $385M | $365M | $364M | $366M | $419M | $155M | $142M | · | $121M | $117M | $108M | · | $115M | |
| Receivables | $327M | $322M | $322M | $272M | $251M | $224M | $235M | $204M | $183M | $161M | · | $140M | $122M | $109M | · | $91M | |
| Prepaid Expense | $28M | $32M | $29M | $28M | $11M | $11M | $13M | $10M | $9M | $7M | · | $6M | $5M | $7M | · | $8M | |
| Other Current Assets | $12M | $7M | $15M | $3M | $3M | $3M | $2M | $2M | $1M | $1M | · | $2M | $2M | $2M | · | $2M | |
| Current Assets | $678M | $649M | $686M | $689M | $630M | $602M | $617M | $634M | $348M | $311M | · | $270M | $247M | $226M | · | $216M | |
| PP&E (Net) | $18M | $15M | $15M | $12M | $11M | $9M | $9M | $7M | $8M | $8M | · | $7M | $7M | $6M | · | $6M | |
| PP&E (Gross) | · | · | $46M | · | · | · | $35M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $30M | · | · | · | $26M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $525M | $522M | $528M | $317M | $318M | $326M | $326M | $141M | $141M | $141M | $141M | $141M | $141M | $141M | $133M | $133M | |
| Intangibles | $185M | $203M | $218M | $86M | $95M | $105M | $115M | $43M | $45M | $46M | · | $50M | $52M | $51M | · | $46M | |
| Other Non-current Assets | $4M | $4M | $5M | $5M | $5M | $6M | $6M | $6M | $6M | $5M | · | $3M | $3M | $3M | · | $2M | |
| Total Assets | $1.47B | $1.45B | $1.50B | $1.15B | $1.10B | $1.09B | $1.11B | $869M | $584M | $550M | · | $511M | $491M | $470M | · | $441M | |
| Accounts Payable | $32M | $32M | $40M | $29M | $48M | $33M | $44M | $58M | $47M | $53M | · | $59M | $56M | $38M | · | $28M | |
| Accrued Liabilities | $165M | $173M | $179M | $157M | $116M | $115M | $121M | $108M | $108M | $84M | · | $73M | $64M | $66M | · | $64M | |
| Current Liabilities | $285M | $314M | $429M | $229M | $194M | $181M | $199M | $191M | $176M | $164M | · | $163M | $147M | $130M | · | $123M | |
| Capital Leases | $12M | $11M | $12M | $7M | $8M | $7M | $7M | $7M | $7M | $7M | · | $7M | $7M | $7M | · | · | |
| Deferred Tax | $17M | $18M | $17M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Other Non-current Liabilities | $16M | $15M | $16M | $10M | $11M | $10M | $10M | $7M | $7M | $7M | · | $7M | $7M | $7M | · | $2M | |
| Total Liabilities | $541M | $567M | $699M | $462M | $427M | $411M | $435M | $394M | $367M | $359M | · | $362M | $354M | $340M | · | $332M | |
| Long-term Debt | $197M | $197M | $197M | $197M | $197M | $196M | $196M | $196M | $184M | $184M | · | $184M | $184M | $184M | · | $184M | |
| Total Debt | $197M | $197M | · | $197M | $197M | $196M | · | $196M | $184M | $184M | · | $184M | $184M | $184M | · | $184M | |
| Retained Earnings | $-1.06B | $-1.07B | $-1.06B | $-1.07B | $-1.06B | $-1.05B | $-1.03B | $-1.04B | $-1.03B | $-998M | · | $-923M | $-880M | $-828M | · | $-719M | |
| AOCI | $-6M | $-5M | $466.0K | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | $-2M | · | $-2M | $-2M | $-2M | · | $-4M | |
| Stockholders' Equity | $926M | $880M | $805M | $689M | $673M | $677M | $677M | $475M | $217M | $192M | $181M | $150M | $137M | $130M | $128M | $109M | |
| Liabilities + Equity | $1.47B | $1.45B | $1.50B | $1.15B | $1.10B | $1.09B | $1.11B | $869M | $584M | $550M | · | $511M | $491M | $470M | · | $441M |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $23M | $24M | $20M | $17M | $17M | $18M | $17M | $13M | $13M | $14M | $13M | $13M | $13M | $12M | $12M | $13M | |
| Stock-based Comp | $52M | $53M | $44M | $46M | $46M | $42M | $43M | $47M | $52M | $53M | $63M | $58M | $58M | $64M | $68M | $75M | |
| Amort. of Intangibles | $15M | $16M | $13M | $11M | $11M | $11M | $11M | $6M | $6M | $7M | · | $6M | $6M | $5M | · | $6M | |
| Restructuring | $0 | $7M | $0 | $0 | $0 | $3M | · | · | · | · | $0 | $0 | $3M | · | · | · | |
| Operating Cash Flow | $69M | $50M | $64M | $58M | $42M | $35M | $44M | $34M | $31M | $25M | $27M | $23M | $21M | $20M | $23M | $20M | |
| CapEx | $5M | $3M | $3M | $5M | $2M | $3M | $8M | $5M | $7M | $6M | $6M | $6M | $4M | $5M | $5M | $6M | |
| Investing Cash Flow | $-15M | $-56M | $-97M | $-11M | $-9M | $-7M | $-68M | $-9M | $-11M | $-9M | $-9M | $-9M | $-10M | $-26M | $-9M | $-10M | |
| Net Debt Issued | · | $-2M | · | · | · | $-2M | · | · | · | · | · | · | · | · | · | · | |
| Financing Cash Flow | $-33M | $-26M | $-32M | $-27M | $-32M | $-29M | $-28M | $238M | $-7M | $-5M | $-7M | $-10M | $-1M | $-7M | $-8M | $-5M | |
| Net Change in Cash | $21M | $-31M | $-65M | $20M | $916.0K | $-2M | $-52M | $264M | $13M | $10M | $11M | $4M | $9M | $-13M | $6M | $4M | |
| Taxes Paid | $4M | $1M | $1M | $574.0K | $1M | $376.0K | $713.0K | $535.0K | $252.0K | $386.0K | $626.0K | $522.0K | $706.0K | $46.0K | $497.0K | $634.0K | |
| Free Cash Flow | · | $47M | · | · | · | $32M | · | · | · | $19M | · | · | · | $15M | · | · | |
| Levered FCF | · | $46M | · | · | · | $32M | · | · | · | $16M | · | · | · | $12M | · | · |
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 | 3.8% | -4.8% | · | 2.6% | -1.7% | -6.1% | · | -4.6% | -11.7% | -18.4% | · | -19.7% | -26.9% | -33.3% | · | -43.5% | |
| Net Margin | 1.8% | -3.3% | · | -1.1% | -4.2% | -8.2% | · | -6.5% | -12.3% | -20.3% | · | -22.8% | -30.4% | -36.1% | · | -45.6% | |
| Pretax Margin | 1.8% | -4.0% | · | -0.83% | -3.8% | -7.5% | · | -6.4% | -12.1% | -20.1% | · | -22.5% | -30.2% | -36.0% | · | -45.0% | |
| EBITDA Margin | 3.8% | -4.8% | · | 2.6% | -1.7% | -6.1% | · | -4.6% | -11.7% | -18.4% | · | -19.7% | -26.9% | -33.3% | · | -43.5% | |
| ROA | 0.64% | -1.1% | · | -0.36% | -1.5% | -2.6% | · | -2.5% | -5.2% | -7.8% | · | -9.0% | -11.2% | -12.8% | · | -17.5% | |
| ROE | 1.0% | -1.7% | · | -0.62% | -2.9% | -5.0% | · | -5.6% | -15.8% | -24.6% | · | -33.3% | -42.7% | -48.6% | · | -84.2% | |
| ROIC | 1.6% | -1.5% | · | 1.3% | -0.65% | -2.0% | · | -1.9% | -6.7% | -9.6% | · | -11.3% | -14.5% | -16.8% | · | -22.9% |
Liquidity & Solvency 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.4 | 2.1 | · | 3.0 | 3.3 | 3.3 | · | 3.3 | 2.0 | 1.9 | · | 1.7 | 1.7 | 1.7 | · | 1.7 | |
| Quick Ratio | 2.2 | 1.9 | · | 2.9 | 3.2 | 3.3 | · | 3.3 | 1.9 | 1.8 | · | 1.6 | 1.6 | 1.7 | · | 1.7 | |
| Debt / Equity | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | 0.4 | 0.8 | 1.0 | · | 1.2 | 1.3 | 1.4 | · | 1.7 | |
| LT Debt / Equity | 0.2 | 0.2 | · | 0.3 | 0.3 | 0.3 | · | 0.4 | 0.8 | 1.0 | · | 1.2 | 1.3 | 1.4 | · | 1.7 | |
| Interest Coverage | 18.8 | -24.8 | · | -48.6 | -30.8 | -48.7 | · | -6.4 | -10.4 | -13.7 | · | -12.8 | -16.5 | -21.4 | · | -32.5 |
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 | 0.3 | 0.3 | · | 0.3 | 0.4 | 0.3 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | 0.4 | 0.4 | · | 0.4 | |
| Receivables Turnover | 1.5 | 1.5 | · | 1.4 | 1.4 | 1.4 | · | 1.6 | 1.5 | 1.4 | · | 1.6 | 1.6 | 1.7 | · | 1.9 |
Valuation (TTM) 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $1.48B | $1.31B | · | $1.18B | $1.07B | $956M | · | $880M | $784M | $713M | · | $671M | $619M | $573M | · | $531M | |
| Net Income TTM | $-22M | $-51M | · | $-55M | $-80M | $-107M | · | $-128M | $-163M | $-192M | · | $-222M | $-265M | $-284M | · | $-297M | |
| P/E | -178.9 | -66.3 | · | -73.6 | -37.8 | -23.4 | · | -39.8 | -17.6 | -9.0 | · | -5.6 | -4.6 | -5.3 | · | -3.0 | |
| Earnings Yield | -0.56% | -1.5% | · | -1.4% | -2.6% | -4.3% | · | -2.5% | -5.7% | -11.2% | · | -17.7% | -21.6% | -18.8% | · | -33.1% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $1.30B | $1.01B | $729M | $591M | $458M |
| Operating Margin % | 0.41% | -6.8% | -23.0% | -43.8% | -54.2% |
| Net Income | $-32M | $-70M | $-187M | $-279M | $-250M |
| Diluted EPS | $-0.14 | $-0.38 | $-1.20 | $-2.01 | $-2.95 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.2 | 0.3 | 1.0 | 1.4 | 2.0 |
| Current Ratio | 1.6 | 3.1 | 1.8 | 1.8 | 1.9 |
| Quick Ratio | 1.5 | 3.0 | 1.7 | 1.8 | 1.8 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $185M | $108M | $70M | $56M | $35M |
Latest News Recent headlines mentioning this company
- Zeta Global (ZETA) Soars 25% as CEO ‘Highly Optimistic’
- Zeta Global (ZETA) Joins Snowflake-Led Open Semantic Interchange Initiative
- What to Know About This Fund's $30 Million Sale of an AI Marketing Stock Now Up 37%
- What Makes Zeta Global Holdings Corp. (ZETA) One of The Best High Return Technology Stocks
- Needham Maintains Buy Rating on Zeta Global Holdings (ZETA) Stock
My Metrics Your personal watchlist — selected rows from Full Fundamentals
📊
Pick the metrics that matter to you — click the ➕ next to any row in Full Fundamentals above.
Your selection is saved and follows you across all tickers.
Institutional owners (13F) 475 filers · $3.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 82 (-7 vs prior Q) | 48 (-6 vs prior Q) | 172 (+7 vs prior Q) | 127 (+10 vs prior Q) | +24.0M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $291,866,739 | 14,830,627 | 9.03% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $202,583,184 | 10,293,861 | 6.27% | Shares |
| Greenvale Capital LLP | $182,138,400 | 9,255,000 | 5.63% | Shares |
| Capital World Investors | $161,277,305 | 8,194,985 | 4.99% | Shares |
| DISCIPLINED GROWTH INVESTORS INC /MN | $133,059,727 | 6,761,165 | 4.12% | Shares |
| NEUBERGER BERMAN GROUP LLC | $122,176,392 | 6,208,150 | 3.78% | Shares |
| STATE STREET CORP | $105,860,393 | 5,379,085 | 3.27% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $95,868,043 | 4,870,379 | 2.97% | Shares |
| BWCP, LP | $81,192,516 | 4,125,636 | 2.51% | Shares |
| GPI CAPITAL, L.P. | $79,631,906 | 5,140,859 | 2.46% | Shares |
| GOLDMAN SACHS GROUP INC | $77,560,789 | 3,941,097 | 2.40% | Shares |
| JANE STREET GROUP, LLC | $77,295,168 | 3,927,600 | 2.39% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $72,918,336 | 3,705,200 | 2.26% | Call option |
| DIMENSIONAL FUND ADVISORS LP | $66,516,727 | 3,379,915 | 2.06% | Shares |
| GOLDMAN SACHS GROUP INC | $60,325,104 | 3,065,300 | 1.87% | Put option |
| Stephens Investment Management Group LLC | $47,752,083 | 2,426,427 | 1.48% | Shares |
| CITADEL ADVISORS LLC | $43,589,232 | 2,214,900 | 1.35% | Call option |
| Clearbridge Investments, LLC | $40,181,691 | 2,041,753 | 1.24% | Shares |
| NORGES BANK | $35,495,005 | 1,803,608 | 1.10% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $34,932,905 | 1,775,046 | 1.08% | Shares |
| Granahan Investment Management, LLC | $34,601,612 | 1,758,212 | 1.07% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $32,527,104 | 1,652,800 | 1.01% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $29,841,866 | 1,516,355 | 0.92% | Shares |
| Portolan Capital Management, LLC | $29,573,884 | 1,502,738 | 0.91% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $29,374,368 | 1,492,600 | 0.91% | Put option |
| BNP PARIBAS FINANCIAL MARKETS | $28,987,715 | 1,472,953 | 0.90% | Shares |
| Qube Research & Technologies Ltd | $28,553,181 | 1,450,873 | 0.88% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $27,970,259 | 1,421,253 | 0.87% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $27,522,696 | 1,398,511 | 0.85% | Shares |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | $27,465,821 | 1,395,621 | 0.85% | Shares |
| AXA Investment Managers S.A. | $27,004,045 | 1,359,036 | 0.84% | Shares |
| JANE STREET GROUP, LLC | $26,579,808 | 1,350,600 | 0.82% | Put option |
| AMERIPRISE FINANCIAL INC | $24,696,038 | 1,254,880 | 0.76% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $22,526,417 | 1,144,635 | 0.70% | Shares |
| Penn Capital Management Company, LLC | $20,371,111 | 1,033,262 | 0.63% | Shares |
| JANE STREET GROUP, LLC | $19,503,825 | 991,048 | 0.60% | Shares |
| ARMISTICE CAPITAL, LLC | $18,996,573 | 965,273 | 0.59% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $18,297,264 | 929,739 | 0.57% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $18,281,756 | 928,951 | 0.57% | Shares |
| P2 Capital Partners, LLC | $18,105,600 | 920,000 | 0.56% | Shares |
| CITADEL ADVISORS LLC | $16,133,664 | 819,800 | 0.50% | Put option |
| OBERWEIS ASSET MANAGEMENT INC/ | $16,133,074 | 819,770 | 0.50% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $15,896,087 | 807,728 | 0.49% | Shares |
| RPG Investment Advisory, LLC | $15,706,667 | 798,103 | 0.49% | Shares |
| CITIGROUP INC | $15,108,336 | 767,700 | 0.47% | Call option |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $14,816,835 | 750,980 | 0.46% | Shares |
| SILVERCREST ASSET MANAGEMENT GROUP LLC | $14,707,258 | 747,320 | 0.45% | Shares |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | $14,326,332 | 727,964 | 0.44% | Shares |
| PEAK6 LLC | $13,894,080 | 706,000 | 0.43% | Put option |
| Manatuck Hill Partners, LLC | $12,792,000 | 650,000 | 0.40% | Shares |
| BANK OF AMERICA CORP /DE/ | $12,595,397 | 640,010 | 0.39% | Shares |
| IMC-Chicago, LLC | $12,374,784 | 628,800 | 0.38% | Shares |
| Point72 Asset Management, L.P. | $12,263,179 | 623,129 | 0.38% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $10,303,031 | 523,528 | 0.32% | Shares |
| Cubist Systematic Strategies, LLC | $9,715,896 | 488,973 | 0.30% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $9,426,405 | 478,984 | 0.29% | Shares |
| Walleye Trading LLC | $8,891,424 | 451,800 | 0.28% | Call option |
| Alphadyne Asset Management LP | $8,865,840 | 450,500 | 0.27% | Put option |
| Granite Investment Partners, LLC | $8,102,492 | 411,712 | 0.25% | Shares |
| STANSBERRY ASSET MANAGEMENT, LLC | $7,974,434 | 405,205 | 0.25% | Shares |
| Bastion Asset Management Inc. | $7,895,322 | 417,329 | 0.24% | Shares |
| RENAISSANCE GROUP LLC | $7,629,739 | 387,690 | 0.24% | Shares |
| 1492 Capital Management LLC | $7,498,080 | 381,000 | 0.23% | Shares |
| Swiss National Bank | $7,401,648 | 376,100 | 0.23% | Shares |
| BlackRock, Inc. | $6,947,650 | 353,031 | 0.21% | Shares |
| Lisanti Capital Growth, LLC | $6,915,847 | 351,415 | 0.21% | Shares |
| LPL Financial LLC | $6,915,552 | 351,400 | 0.21% | Shares |
| ALLIANCEBERNSTEIN L.P. | $6,912,273 | 434,188 | 0.21% | Shares |
| GROUP ONE TRADING LLC | $6,804,183 | 345,741 | 0.21% | Shares |
| WOLVERINE TRADING, LLC | $6,798,024 | 323,100 | 0.21% | Call option |
| CastleKnight Management LP | $6,610,512 | 335,900 | 0.20% | Shares |
| Quantinno Capital Management LP | $6,250,486 | 317,606 | 0.19% | Shares |
| Advantage Alpha Capital Partners LP | $6,205,620 | 312,311 | 0.19% | Shares |
| Walleye Trading LLC | $5,941,392 | 301,900 | 0.18% | Put option |
| JPMORGAN CHASE & CO | $5,746,284 | 280,855 | 0.18% | Shares |
| PEAK6 LLC | $5,685,552 | 288,900 | 0.18% | Call option |
| RHUMBLINE ADVISERS | $5,559,292 | 282,485 | 0.17% | Shares |
| RAYMOND JAMES FINANCIAL INC | $5,483,556 | 278,636 | 0.17% | Shares |
| HAHN CAPITAL MANAGEMENT LLC | $5,338,357 | 271,258 | 0.17% | Shares |
| Nuveen Asset Management, LLC | $5,214,276 | 289,843 | 0.16% | Shares |
| Atom Investors LP | $5,197,212 | 264,086 | 0.16% | Shares |
| CALIFORNIA FIRST LEASING CORP | $4,982,248 | 253,163 | 0.15% | Shares |
| Corient Private Wealth LP | $4,869,916 | 247,455 | 0.15% | Shares |
| KORNITZER CAPITAL MANAGEMENT INC /KS | $4,824,532 | 245,149 | 0.15% | Shares |
| Caption Management, LLC | $4,723,200 | 240,000 | 0.15% | Put option |
| MARATHON CAPITAL MANAGEMENT | $4,718,575 | 239,765 | 0.15% | Shares |
| Stanley-Laman Group, Ltd. | $4,570,739 | 232,253 | 0.14% | Shares |
| CITIGROUP INC | $4,526,400 | 230,000 | 0.14% | Put option |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | $4,526,400 | 230,000 | 0.14% | Call option |
| Contour Asset Management LLC | $4,522,503 | 229,802 | 0.14% | Shares |
| Hillsdale Investment Management Inc. | $4,442,760 | 225,750 | 0.14% | Shares |
| Balyasny Asset Management L.P. | $4,407,612 | 223,964 | 0.14% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $4,342,549 | 220,658 | 0.13% | Shares |
| FIRST TRUST ADVISORS LP | $3,704,740 | 188,249 | 0.11% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $3,661,464 | 186,050 | 0.11% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $3,634,247 | 184,667 | 0.11% | Shares |
| OSAIC HOLDINGS, INC. | $3,542,260 | 179,996 | 0.11% | Shares |
| Mill Creek Capital Advisors, LLC | $3,499,041 | 219,789 | 0.11% | Shares |
| WINTON GROUP Ltd | $3,480,349 | 176,847 | 0.11% | Shares |
| ALGERT GLOBAL LLC | $3,479,227 | 176,790 | 0.11% | Shares |
Company insiders 10 insiders · 2 officers · 6 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Christopher E Greiner | Chief Financial Officer | May 9, 2025 G | 1,291,684 | 0 | 0 | $0 |
| Steven H. Gerber | President | May 8, 2025 G | 1,563,254 | 0 | 0 | $0 |
| Jeanine Silberblatt | Director | July 1, 2026 A | 57,547 | 0 | 1 | $-149,175 |
| Jene Elzie | Director | July 1, 2026 A | 69,609 | 0 | 0 | $0 |
| William T. Royan | Director | July 1, 2026 A | 83,267 | 0 | 0 | $0 |
| Robert H Niehaus | Director | July 1, 2026 A | 611,772 | 0 | 0 | $0 |
| Imran Khan | Director | July 1, 2025 A | 31,148 | 0 | 0 | $0 |
| SCULLEY JOHN | Director | April 1, 2025 J | 626,800 | 0 | 0 | $0 |
| Satish Ravella | — | Aug. 12, 2026 M | 157,318 | 0 | 0 | $0 |
| William Landman | — | Aug. 12, 2026 D | 250,063 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 65 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 |
|---|---|---|---|---|
| FCLD · Fidelity Covington Trust | 1.06% | 59,306 NS | June 30, 2026 | N-PORT |
| XITK · SPDR SERIES TRUST | 1.01% | 35,172 NS | June 30, 2026 | N-PORT |
| PSC · Principal Exchange-Traded Funds | 0.78% | 926,962 NS | June 30, 2026 | N-PORT |
| XSW · SPDR SERIES TRUST | 0.72% | 147,387 NS | June 30, 2026 | N-PORT |
| MMSC · First Trust Exchange-Traded Fund VI… | 0.46% | 10,517 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.42% | 2,131,181 SH | Aug. 28, 2026 | Daily |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.31% | 86,140 NS | April 30, 2026 | N-PORT |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.26% | 242,961 SH | Aug. 19, 2026 | Daily |
| SCDS · J.P. Morgan Exchange-Traded Fund Tr… | 0.24% | 1,145 NS | June 30, 2026 | N-PORT |
| ESSC · Strategy Shares | 0.24% | 3,292 NS | April 30, 2026 | N-PORT |
| RESM · Columbia ETF Trust I | 0.23% | 427 NS | June 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.21% | 5,850,204 SH | Aug. 28, 2026 | Daily |
| ISCG · iShares Trust | 0.21% | 70,366 SH | Aug. 28, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.20% | 88,162 NS | May 31, 2026 | N-PORT |
| RUSC · Russell Investments Exchange Traded… | 0.20% | 7,968 NS | June 30, 2026 | N-PORT |
| IGV · iShares Trust | 0.20% | 1,006,587 SH | Aug. 28, 2026 | Daily |
| TRFM · ETF Series Solutions | 0.19% | 15,988 NS | April 30, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.18% | 72,734 NS | April 30, 2026 | N-PORT |
| STXK · EA Series Trust | 0.17% | 7,382 NS | June 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.17% | 7,258 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.14% | 1,307,598 SH | Aug. 19, 2026 | Daily |
| JHSC · John Hancock Exchange-Traded Fund T… | 0.13% | 46,745 NS | June 30, 2026 | N-PORT |
| VBK · VANGUARD INDEX FUNDS | 0.13% | 3,138,886 SH | Aug. 19, 2026 | Daily |
| RB · ProShares Trust | 0.12% | 62 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.12% | 9,904 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.12% | 91,148 NS | April 30, 2026 | N-PORT |
| FFF · Founder Funds Trust | 0.12% | 298 NS | June 30, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.11% | 140,661 NS | April 30, 2026 | N-PORT |
| ISCB · iShares Trust | 0.10% | 9,997 SH | Aug. 28, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.10% | 973,663 NS | May 31, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.09% | 23,710 NS | April 30, 2026 | N-PORT |
| GINN · Goldman Sachs ETF Trust | 0.08% | 7,678 NS | May 31, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.08% | 57,014 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.07% | 7,745 NS | May 31, 2026 | N-PORT |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.07% | 64,923 SH | Aug. 28, 2026 | Daily |
| DFAS · Dimensional ETF Trust | 0.07% | 499,346 NS | April 30, 2026 | N-PORT |
| VB · VANGUARD INDEX FUNDS | 0.06% | 5,433,911 SH | Aug. 19, 2026 | Daily |
| FTEC · FIDELITY COVINGTON TRUST | 0.06% | 549,217 NS | April 30, 2026 | N-PORT |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.05% | 5,109 SH | Aug. 28, 2026 | Daily |
| WSML · iShares Trust | 0.05% | 11,596 SH | Aug. 28, 2026 | Daily |
| URTY · ProShares Trust | 0.05% | 7,837 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.05% | 2,353,421 SH | Aug. 19, 2026 | Daily |
| VGT · VANGUARD WORLD FUND | 0.05% | 4,510,860 SH | Aug. 19, 2026 | Daily |
| IGM · iShares Trust | 0.03% | 96,646 SH | Aug. 28, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.02% | 7,491 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.02% | 197 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 322,521 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 20,777 NS | April 30, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 14,240 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.01% | 7,522,738 SH | Aug. 19, 2026 | Daily |