ZIP ZipRecruiter, Inc. Class A Common Stock
$4.95
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$2–$6
83% of range
Analyst Rating
HOLD
9 analysts
Price Target
$5
P/E (TTM)
-13.4
ROE
46.1%
Net Profit Margin
-7.3%
About ZipRecruiter, Inc. Class A Common Stock Company overview from Wikipedia
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
Read more
ZipRecruiter, Inc. is an American employment marketplace for job seekers and employers.
The company is headquartered in Santa Monica, California, with offices in Tempe, Arizona; London, UK, and Tel Aviv, Israel.
History
ZipRecruiter was founded on March 14, 2010 by Ian Siegel, Joe Edmonds, Ward Poulos and Will Redd.
In June 2015, as the company began growing, they opened an R&D center in Israel and in 2018, claimed to have developed an artificial intelligence algorithm to increase the accuracy of job seeker/employer matches.
In 2017, Facebook also partnered with the company and integrated ZipRecruiter into its platform.
In 2018, the company reported that over 1.5 million businesses and 430 million job seekers used its platform.
In December 2018, the company's users' names and email addresses were exposed in a data breach. ZipRecruiter claimed that they were able to fix it within 90 minutes after the technical glitch was reported.
In March 2019, ZipRecruiter began operating in Canada.
In April 2021, the company filed for a direct listing. The company went public on May 26, 2021.
In September 2021, ZipRecruiter signed a one-year deal with UFC for a "low seven-figure fee".
In May 2023, ZipRecruiter announced it laying off 20% of its staff, about 270 roles.
Funding
ZipRecruiter delayed raising venture capital until 2014, when the company's first round of financing of $63 million was led by IVP.
In October 2018, the company raised $156 million for its online employment marketplace, which brought its total funding to $219 million. Blake Irving, Cipora Herman, and Emilie Choi were added as new members to its board. The October 2018 raise was at a valuation of $1 billion.
== References ==
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
ZIP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$4.95
Market Cap
$353M
P/E (TTM)
-13.4
EPS (TTM)
$-0.37
Revenue (TTM)
$449M
Div Yield
—
ROE
46.1%
Debt/Equity
-7.1
52W Range
$2 – $6
ZIP 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
$449M
2019-12-31
→
2025-12-31
EPS
$-0.37
2019-12-31
→
2025-12-31
Free Cash Flow
$10M
2021-12-31
→
2025-12-31
Margins
-7.3%
2021-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ZIP
Peer Median
P/E (TTM)
-13.4
15.1
P/S (TTM)
0.8
0.7
P/B
-4.6
1.8
EV / EBITDA
-103.0
—
Price / FCF
35.8
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ZIP
Peer Median
Gross Margin
89.2%
69.5%
Operating Margin
-4.3%
—
Net Profit Margin
-7.3%
3.5%
ROA
-5.3%
3.0%
ROE
46.1%
3.9%
ROIC
-4.5%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ZIP
Peer Median
Debt / Equity
-7.1
—
Current Ratio
6.3
1.6
Quick Ratio
3.0
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ZIP
Peer Median
Revenue YoY
-5.3%
—
Revenue CAGR 3Y
-20.8%
—
Revenue CAGR 5Y
1.4%
—
EPS YoY
-9.8%
—
Net Income YoY
-20.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ZIP
Peer Median
ZIP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
9 analysts
- Strong Buy 2 22.2%
- Buy 2 22.2%
- Hold 5 55.6%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
2 analysts · 2026-08-13
Median
$4.75
Now
$4.95
Low
$4.50
High
$5.00
Median target
$4.75
-4.0%
Mean target
$4.75
-4.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.00%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.19 | $0.05 | -0.25% |
| March 31, 2026 | $-0.06 | $-0.16 | 0.10% |
| Dec. 31, 2025 | $-0.01 | $-0.08 | 0.07% |
| Sept. 30, 2025 | $-0.11 | $-0.15 | 0.04% |
| June 30, 2025 | $-0.10 | $-0.13 | 0.03% |
| March 31, 2025 | $-0.13 | $-0.15 | 0.02% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ZIP | $278M | -10.5 | -5.3% | -7.3% | 46.1% | 89.2% |
| NXDR | — | -15.0 | 4.2% | -21.0% | -12.6% | — |
| EVER | — | 10.3 | 38.5% | 14.3% | 48.6% | — |
| MAX | — | 33.2 | 28.8% | 2.3% | 783.8% | — |
| CARS | $715M | 38.1 | 0.57% | 2.8% | 4.2% | — |
| BMBL | — | -0.6 | -9.9% | -71.8% | -99.4% | — |
| SSTK | — | 15.3 | 5.8% | — | — | — |
| ANGI | — | 13.8 | -13.0% | 4.2% | 4.5% | 95.4% |
| DHX | $69M | -5.2 | -9.9% | -10.6% | -12.9% | — |
| GOOGL | $3.78T | 29.0 | 15.1% | 32.8% | 34.0% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $449M | $474M | $646M | $905M | $741M | $418M | $430M | |
| Cost of Revenue | $48M | $50M | $64M | $86M | $80M | $54M | $55M | |
| Gross Profit | $401M | $424M | $581M | $818M | $662M | $364M | $375M | |
| R&D Expense | $125M | $135M | $142M | $128M | $110M | $69M | $65M | |
| SG&A Expense | $68M | $72M | $95M | $109M | $149M | $39M | $39M | |
| Operating Expenses | $420M | $423M | $502M | $721M | $670M | $300M | $381M | |
| Operating Income | $-19M | $1M | $79M | $97M | $-8M | $64M | $-6M | |
| Interest Expense | · | · | $29M | $28M | $916.0K | $1M | $575.0K | |
| Interest Income | $18M | $23M | $20M | $5M | $3.0K | · | · | |
| Other Non-op | $18M | $22M | $21M | $5M | $32.0K | $942.0K | $-38.0K | |
| Pretax Income | $-31M | $-6M | $71M | $74M | $-9M | $64M | $-6M | |
| Income Tax | $2M | $6M | $21M | $13M | $-13M | $-22M | $588.0K | |
| Net Income | $-33M | $-13M | $49M | $61M | $4M | $86M | $-6M | |
| EPS (Basic) | $-0.37 | $-0.13 | $0.49 | $0.54 | $0.02 | $0.79 | $-0.13 | |
| EPS (Diluted) | $-0.37 | $-0.13 | $0.46 | $0.51 | $0.02 | $0.70 | $-0.13 | |
| Shares (Basic) | 89,867,000 | 98,588,000 | 100,730,000 | 114,272,000 | 102,230,000 | 79,651,000 | 79,337,000 | |
| Shares (Diluted) | 89,867,000 | 98,588,000 | 105,781,000 | 121,398,000 | 115,471,000 | 94,156,000 | 79,337,000 | |
| EBITDA | $-7M | $14M | $91M | $108M | $1M | · | · |
Balance Sheet 25
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $188M | $218M | $283M | $227M | $255M | $115M | · | |
| Receivables | $26M | $23M | $27M | $44M | $42M | $21M | · | |
| Prepaid Expense | $11M | $10M | $10M | $13M | $10M | $5M | · | |
| Current Assets | $449M | $544M | $562M | $632M | $311M | $145M | · | |
| PP&E (Net) | $4M | $5M | $6M | $8M | $9M | $5M | · | |
| PP&E (Gross) | $10M | $14M | $14M | $18M | $18M | $13M | · | |
| Accum. Depreciation | $6M | $9M | $7M | $10M | $9M | $8M | · | |
| Goodwill | $9M | $8M | $2M | $2M | $2M | $2M | · | |
| Intangibles | $3M | $5M | $0 | $16M | $14M | $11M | · | |
| Other Non-current Assets | $202.0K | $472.0K | $758.0K | $1M | $3M | $112.0K | · | |
| Total Assets | $570M | $664M | $660M | $715M | $399M | $212M | · | |
| Accounts Payable | $9M | $11M | $12M | $21M | $25M | $14M | · | |
| Accrued Liabilities | $37M | $43M | $42M | $69M | $86M | $39M | · | |
| Current Liabilities | $71M | $82M | $85M | $130M | $143M | $71M | · | |
| Capital Leases | $11M | $6M | $9M | $13M | $19M | $25M | · | |
| Other Non-current Liabilities | $21M | $19M | $15M | $2M | $2M | $4M | · | |
| Total Liabilities | $647M | $651M | $651M | $686M | $164M | $126M | · | |
| Total Debt | $545M | $544M | $543M | $542M | $0 | · | · | |
| Paid-in Capital | $0 | $32M | $15M | $36M | $303M | $22M | · | |
| Retained Earnings | $-77M | $-18M | $-6M | $-6M | $-68M | $-71M | · | |
| Treasury Stock | $644.0K | $644.0K | $644.0K | $644.0K | $644.0K | $644.0K | · | |
| AOCI | $32.0K | $56.0K | $13.0K | $-373.0K | $0 | · | · | |
| Stockholders' Equity | $-77M | $13M | $8M | $29M | $235M | $-50M | $-122M | |
| Liabilities + Equity | $570M | $664M | $660M | $715M | $399M | $212M | · | |
| Shares Outstanding | 71,372,000 | · | · | · | · | · | · |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| D&A | $12M | $12M | $12M | $11M | $9M | $10M | $9M | |
| Stock-based Comp | $48M | $64M | $84M | $77M | $107M | $6M | $7M | |
| Deferred Tax | $-2M | $-16M | $-18M | $-624.0K | $-15M | $-23M | $-55.0K | |
| Restructuring | · | $0 | $9M | $0 | $0 | $5M | · | |
| Other Non-cash | $-14M | $-3M | $-23M | $-20M | $39M | · | · | |
| Operating Cash Flow | $11M | $46M | $103M | $129M | $144M | $88M | $-2M | |
| CapEx | $1M | $922.0K | $918.0K | $3M | $6M | $1M | $3M | |
| Investing Cash Flow | $65M | $-62M | $107M | $-351M | $-13M | $-7M | $-10M | |
| Stock Repurchased | $102M | $40M | $148M | $339M | $3M | $19M | $0 | |
| Net Stock Activity | $-102M | $-40M | $-148M | $-339M | $-3M | · | · | |
| Financing Cash Flow | $-106M | $-48M | $-154M | $195M | $9M | $-2M | $945.0K | |
| Net Change in Cash | $-30M | $-65M | $56M | $-27M | $140M | $79M | $-12M | |
| Taxes Paid | $4M | $18M | $26M | $15M | $2M | $1M | $877.0K | |
| Free Cash Flow | $10M | $45M | $102M | $126M | $138M | · | · | |
| Levered FCF | · | · | $82M | $102M | $138M | · | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.2% | 89.4% | 90.0% | 90.5% | 89.3% | · | · | |
| Operating Margin | -4.3% | 0.27% | 12.3% | 10.8% | -1.1% | · | · | |
| Net Margin | -7.3% | -2.7% | 7.6% | 6.8% | 0.49% | · | · | |
| Pretax Margin | -6.8% | -1.4% | 10.9% | 8.2% | -1.2% | · | · | |
| EBITDA Margin | -1.5% | 2.9% | 14.1% | 11.9% | 0.14% | · | · | |
| ROA | -5.3% | -1.9% | 7.1% | 11.1% | 1.2% | · | · | |
| ROE | 46.1% | -95.1% | -2752.9% | 76.0% | 1.7% | · | · | |
| ROIC | -4.5% | 0.45% | 10.0% | 14.1% | 1.4% | · | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 6.3 | 6.7 | 6.6 | 4.9 | 2.2 | · | · | |
| Quick Ratio | 3.0 | 3.0 | 3.7 | 2.1 | 2.1 | · | · | |
| Debt / Equity | -7.1 | 40.5 | 64.9 | 18.9 | 0.0 | · | · | |
| LT Debt / Equity | -7.1 | 40.5 | 64.9 | 18.9 | 0.0 | · | · | |
| Interest Coverage | · | · | 2.7 | 3.4 | -9.2 | · | · |
Efficiency 2
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.7 | 0.7 | 0.9 | 1.6 | 2.4 | · | · | |
| Receivables Turnover | 18.3 | 18.7 | 18.0 | 21.0 | 23.6 | · | · |
Growth Rates 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue YoY | -5.3% | -26.6% | -28.6% | 22.1% | 77.2% | · | · | |
| Revenue CAGR 3Y | -20.8% | -13.8% | 15.6% | · | · | · | · | |
| Revenue CAGR 5Y | 1.4% | · | · | · | · | · | · | |
| EPS YoY | · | · | -9.8% | 2450.0% | -97.1% | · | · | |
| EPS CAGR 3Y | · | · | -13.1% | · | · | · | · | |
| Net Income YoY | · | · | -20.2% | 1608.2% | -95.8% | · | · | |
| Net Income CAGR 3Y | · | · | -17.1% | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $449M | $474M | $646M | $905M | $741M | · | · | |
| Net Income TTM | $-33M | $-13M | $49M | $61M | $4M | · | · | |
| Market Cap | $278M | · | · | · | · | · | · | |
| Enterprise Value | $635M | · | · | · | · | · | · | |
| P/E | -10.5 | -55.7 | 30.2 | 32.2 | 1247.0 | · | · | |
| P/S | 0.6 | · | · | · | · | · | · | |
| P/B | -3.6 | · | · | · | · | · | · | |
| P / Cash Flow | 25.4 | · | · | · | · | · | · | |
| P / FCF | 28.2 | · | · | · | · | · | · | |
| EV / EBITDA | -92.1 | · | · | · | · | · | · | |
| EV / FCF | 64.3 | · | · | · | · | · | · | |
| EV / Revenue | 1.4 | · | · | · | · | · | · | |
| Earnings Yield | -9.5% | -1.8% | 3.3% | 3.1% | 0.08% | · | · |
Income Statement 17
| 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 | $118M | $108M | $112M | $115M | $112M | $110M | $111M | $117M | $124M | $122M | $136M | $156M | $170M | $184M | $210M | $227M | |
| Cost of Revenue | $13M | $12M | $12M | $13M | $12M | $12M | $12M | $12M | $13M | $13M | $13M | $15M | $16M | $21M | $21M | $22M | |
| Gross Profit | $105M | $96M | $100M | $102M | $100M | $98M | $100M | $105M | $111M | $109M | $122M | $141M | $155M | $163M | $189M | $205M | |
| R&D Expense | $26M | $26M | $28M | $31M | $32M | $33M | $32M | $34M | $33M | $36M | $33M | $32M | $39M | $38M | $34M | $33M | |
| SG&A Expense | $16M | $16M | $16M | $17M | $17M | $18M | $17M | $19M | $17M | $19M | $27M | $21M | $21M | $26M | $29M | $30M | |
| Operating Expenses | $101M | $97M | $96M | $107M | $107M | $110M | $104M | $108M | $101M | $110M | $109M | $108M | $132M | $152M | $161M | $176M | |
| Operating Income | $4M | $-2M | $4M | $-5M | $-7M | $-12M | $-4M | $-3M | $9M | $-906.0K | $13M | $33M | $23M | $11M | $28M | $29M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $7M | · | $7M | $7M | $7M | · | $7M | |
| Other Non-op | $3M | $3M | $4M | $4M | $5M | $5M | $5M | $6M | $6M | $5M | $6M | $5M | $5M | $5M | $5M | $321.0K | |
| Pretax Income | $60M | $-6M | $512.0K | $-8M | $-9M | $-14M | $-6M | $-4M | $8M | $-3M | $12M | $30M | $20M | $9M | $26M | $22M | |
| Income Tax | $16M | $-836.0K | $1M | $2M | $396.0K | $-875.0K | $4M | $-2M | $647.0K | $3M | $6M | $6M | $6M | $4M | $7M | $2M | |
| Net Income | $43M | $-5M | $-835.0K | $-10M | $-10M | $-13M | $-11M | $-3M | $7M | $-7M | $6M | $24M | $14M | $5M | $19M | $21M | |
| EPS (Basic) | $0.53 | $-0.06 | $-0.03 | $-0.11 | $-0.10 | $-0.13 | $-0.10 | $-0.03 | $0.07 | $-0.07 | $0.06 | $0.24 | $0.14 | $0.05 | $0.18 | $0.18 | |
| EPS (Diluted) | $0.53 | $-0.06 | $-0.03 | $-0.11 | $-0.10 | $-0.13 | $-0.10 | $-0.03 | $0.07 | $-0.07 | $0.04 | $0.23 | $0.14 | $0.05 | $0.16 | $0.17 | |
| Shares (Basic) | 81,659,000 | 83,670,000 | -185,063,000 | 86,295,000 | 90,569,000 | 98,066,000 | -198,030,000 | 98,485,000 | 99,171,000 | 98,962,000 | -203,543,000 | 99,800,000 | 100,212,000 | 104,261,000 | -234,384,000 | 113,059,000 | |
| Shares (Diluted) | 82,674,000 | 83,670,000 | -185,063,000 | 86,295,000 | 90,569,000 | 98,066,000 | -201,904,000 | 98,485,000 | 103,045,000 | 98,962,000 | -214,329,000 | 104,707,000 | 105,419,000 | 109,984,000 | -249,553,000 | 119,810,000 | |
| EBITDA | $4M | $1M | · | $-5M | $-7M | $-9M | · | $-3M | $9M | $2M | · | $33M | $23M | $14M | · | $29M |
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 | $130M | $251M | $188M | $212M | $203M | $221M | $218M | $226M | $272M | $282M | · | $243M | $239M | $215M | · | $483M | |
| Receivables | $26M | $24M | $26M | $25M | $26M | $25M | $23M | $24M | $28M | $26M | · | $33M | $33M | $36M | · | $48M | |
| Prepaid Expense | $13M | $11M | $11M | $11M | $10M | $10M | $10M | $18M | $13M | $8M | · | $11M | $10M | $10M | · | $11M | |
| Current Assets | $216M | $431M | $449M | $450M | $460M | $507M | $544M | $544M | $569M | $552M | · | $546M | $545M | $570M | · | $733M | |
| PP&E (Net) | $4M | $4M | $4M | $4M | $5M | $5M | $5M | $5M | $5M | $6M | · | $7M | $7M | $8M | · | $9M | |
| PP&E (Gross) | · | · | $10M | · | · | · | $14M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $6M | · | · | · | $9M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $9M | $9M | $9M | $9M | $9M | $9M | $8M | $9M | $2M | $2M | $2M | $2M | $2M | $2M | · | $2M | |
| Intangibles | · | $3M | $3M | $4M | $4M | $5M | $5M | $6M | $19M | $18M | · | $18M | $17M | $17M | · | $15M | |
| Other Non-current Assets | $5M | $137.0K | $202.0K | $307.0K | $408.0K | $494.0K | $472.0K | $539.0K | $593.0K | $848.0K | · | $823.0K | $896.0K | $973.0K | · | $1M | |
| Total Assets | $321M | $551M | $570M | $574M | $592M | $629M | $664M | $652M | $665M | $662M | · | $643M | $634M | $657M | · | $818M | |
| Accounts Payable | $16M | $8M | $9M | $11M | $8M | $9M | $11M | $9M | $8M | $10M | · | $9M | $13M | $16M | · | $14M | |
| Accrued Liabilities | $36M | $32M | $37M | $43M | $43M | $41M | $43M | $43M | $38M | $35M | · | $41M | $46M | $52M | · | $76M | |
| Current Liabilities | $71M | $59M | $71M | $75M | $84M | $72M | $82M | $73M | $76M | $83M | · | $91M | $101M | $103M | · | $128M | |
| Capital Leases | $10M | $10M | $11M | $11M | $12M | $6M | $6M | $7M | $7M | $8M | · | $10M | $11M | $12M | · | $14M | |
| Other Non-current Liabilities | $21M | $21M | $21M | $19M | $18M | $18M | $19M | $15M | $15M | $16M | · | $12M | $6M | $4M | · | $2M | |
| Total Liabilities | $355M | $635M | $647M | $650M | $658M | $641M | $651M | $638M | $641M | $650M | · | $655M | $660M | $661M | · | $685M | |
| Total Debt | $253M | $545M | · | $544M | $544M | $544M | · | $543M | $543M | $543M | · | $542M | $542M | $542M | · | $541M | |
| Paid-in Capital | $6M | $0 | $0 | $0 | $0 | $21M | $32M | $22M | $30M | $25M | · | $0 | $0 | $0 | · | $160M | |
| Retained Earnings | $-40M | $-83M | $-77M | $-76M | $-65M | $-31M | $-18M | $-8M | $-5M | $-12M | · | $-11M | $-25M | $-3M | · | $-26M | |
| Treasury Stock | $644.0K | $644.0K | $644.0K | $644.0K | $644.0K | $644.0K | $644.0K | $644.0K | $644.0K | $644.0K | · | $644.0K | $644.0K | $644.0K | · | $644.0K | |
| AOCI | $-1.0K | $-30.0K | $32.0K | $68.0K | $9.0K | $-16.0K | $56.0K | $170.0K | $-51.0K | $-67.0K | · | $-127.0K | $-276.0K | $-212.0K | · | $-146.0K | |
| Stockholders' Equity | $-34M | $-84M | $-77M | $-76M | $-66M | $-11M | $13M | $14M | $24M | $13M | $8M | $-12M | $-26M | $-4M | $29M | $133M | |
| Liabilities + Equity | $321M | $551M | $570M | $574M | $592M | $629M | $664M | $652M | $665M | $662M | · | $643M | $634M | $657M | · | $818M | |
| Shares Outstanding | · | · | 71,372,000 | · | · | · | · | · | · | · | · | · | · | · | · | · |
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 | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | |
| Stock-based Comp | $7M | $8M | $9M | $11M | $13M | $15M | $15M | $15M | $16M | $19M | $26M | $19M | $18M | $22M | $19M | $19M | |
| Deferred Tax | $17M | $-875.0K | $1M | $6M | $-5M | $-5M | $-14M | $-719.0K | $13M | $-14M | $-2M | $-9M | $-4M | $-5M | $2M | $3M | |
| Amort. of Intangibles | · | · | · | · | · | · | · | $400.0K | · | · | · | · | · | · | · | · | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | $264.0K | $300.0K | $8M | · | · | · | |
| Other Non-cash | · | $-9M | · | · | · | $-10M | · | · | · | $538.0K | · | · | · | $-18M | · | · | |
| Operating Cash Flow | $15M | $-3M | $8M | $3M | $11M | $-10M | $12M | $9M | $22M | $2M | $34M | $29M | $33M | $6M | $44M | $29M | |
| CapEx | $231.0K | $140.0K | $102.0K | $374.0K | $307.0K | $295.0K | $449.0K | $190.0K | $157.0K | $126.0K | $109.0K | $357.0K | $38.0K | $414.0K | $468.0K | $560.0K | |
| Investing Cash Flow | $97M | $77M | $-22M | $18M | $29M | $39M | $-15M | $-32M | $-21M | $6M | $17M | $5M | $47M | $38M | $-156M | $-191M | |
| Stock Repurchased | $0 | $10M | $8M | $10M | $57M | $27M | $3M | $23M | $9M | $6M | $8M | $28M | $52M | $59M | $141M | $53M | |
| Net Stock Activity | · | $-10M | · | · | · | $-27M | · | · | · | $-6M | · | · | · | $-59M | · | · | |
| Financing Cash Flow | $-231M | $-10M | $-10M | $-13M | $-58M | $-26M | $-5M | $-24M | $-12M | $-8M | $-12M | $-29M | $-56M | $-57M | $-144M | $-55M | |
| Net Change in Cash | $-119M | $63M | $-24M | $8M | $-18M | $3M | $-7M | $-46M | $-11M | $-543.0K | $40M | $5M | $24M | $-13M | $-256M | $-217M | |
| Free Cash Flow | · | $-4M | · | · | · | $-10M | · | · | · | $2M | · | · | · | $6M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-12M | · | · | · | $2M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 89.3% | 88.9% | · | 89.1% | 89.3% | 89.4% | · | 89.4% | 89.5% | 89.1% | · | 90.7% | 90.8% | 88.8% | · | 90.4% | |
| Operating Margin | 3.5% | -1.4% | · | -4.4% | -5.9% | -10.6% | · | -2.8% | 7.6% | -0.74% | · | 21.0% | 13.2% | 6.0% | · | 13.0% | |
| Net Margin | 36.8% | -4.4% | · | -8.5% | -8.5% | -11.7% | · | -2.2% | 5.7% | -5.3% | · | 15.5% | 8.4% | 2.7% | · | 9.1% | |
| Pretax Margin | 50.7% | -5.2% | · | -7.2% | -8.1% | -12.4% | · | -3.8% | 6.2% | -2.8% | · | 19.3% | 11.8% | 4.7% | · | 9.9% | |
| EBITDA Margin | 3.5% | 1.2% | · | -4.4% | -5.9% | -7.9% | · | -2.8% | 7.6% | 1.8% | · | 21.0% | 13.2% | 7.4% | · | 13.0% | |
| ROA | 9.5% | -0.80% | · | -1.6% | -1.5% | -2.0% | · | -0.40% | 1.1% | -0.99% | · | 3.3% | 1.9% | 0.64% | · | 3.5% | |
| ROE | -87.1% | 10.0% | · | 31.4% | 45.9% | -1938.2% | · | -309.8% | -987.2% | -148.1% | · | 39.7% | 23.2% | 5.0% | · | 12.5% | |
| ROIC | 1.4% | -0.29% | · | -1.3% | -1.5% | -2.1% | · | -0.34% | 1.5% | -0.31% | · | 4.9% | 3.1% | 1.2% | · | 4.0% |
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 | 3.0 | 7.3 | · | 6.0 | 5.5 | 7.0 | · | 7.4 | 7.5 | 6.6 | · | 6.0 | 5.4 | 5.5 | · | 5.7 | |
| Quick Ratio | 2.2 | 4.6 | · | 3.1 | 2.7 | 3.4 | · | 3.4 | 4.0 | 3.7 | · | 3.0 | 2.7 | 2.4 | · | 4.2 | |
| Debt / Equity | -7.5 | -6.5 | · | -7.2 | -8.3 | -48.0 | · | 40.0 | 22.2 | 42.9 | · | -45.5 | -21.0 | -140.3 | · | 4.1 | |
| LT Debt / Equity | -7.5 | -6.5 | · | -7.2 | -8.3 | -48.0 | · | 40.0 | 22.2 | 42.9 | · | -45.5 | -21.0 | -140.3 | · | 4.1 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -0.1 | · | 4.4 | 3.1 | 1.5 | · | 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 | 0.3 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.4 | |
| Receivables Turnover | 4.5 | 4.4 | · | 4.7 | 4.2 | 4.3 | · | 4.1 | 4.1 | 3.9 | · | 3.9 | 4.0 | 4.2 | · | 5.0 |
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 | $453M | $445M | · | $454M | $463M | $473M | · | $519M | $572M | $632M | · | $737M | $821M | $878M | · | $907M | |
| Net Income TTM | $19M | $-37M | · | $-35M | $-18M | $-15M | · | $22M | $39M | $37M | · | $64M | $53M | $47M | · | $64M | |
| P/E | 14.4 | -4.6 | · | -11.4 | -26.4 | -36.8 | · | 47.5 | 24.6 | 32.8 | · | 20.3 | 37.8 | 39.9 | · | 31.7 | |
| Earnings Yield | 6.9% | -21.7% | · | -8.8% | -3.8% | -2.7% | · | 2.1% | 4.1% | 3.0% | · | 4.9% | 2.6% | 2.5% | · | 3.1% |
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 | $449M | $474M | $646M | $905M | $741M |
| Gross Margin % | 89.2% | 89.4% | 90.0% | 90.5% | 89.3% |
| Operating Margin % | -4.3% | 0.27% | 12.3% | 10.8% | -1.1% |
| Net Income | $-33M | $-13M | $49M | $61M | $4M |
| Diluted EPS | $-0.37 | $-0.13 | $0.46 | $0.51 | $0.02 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | -7.1 | 40.5 | 64.9 | 18.9 | 0.0 |
| Current Ratio | 6.3 | 6.7 | 6.6 | 4.9 | 2.2 |
| Quick Ratio | 3.0 | 3.0 | 3.7 | 2.1 | 2.1 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $10M | $45M | $102M | $126M | $138M |
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Institutional owners (13F) 156 filers · $136.4M 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 |
|---|---|---|---|---|
| 27 (-8 vs prior Q) | 13 (-23 vs prior Q) | 58 (+21 vs prior Q) | 30 (-14 vs prior Q) | +2.3M |
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 |
|---|---|---|---|---|
| EDMOND DE ROTHSCHILD HOLDING S.A. | $21,022,369 | 5,605,965 | 15.41% | Shares |
| DISCIPLINED GROWTH INVESTORS INC /MN | $15,343,571 | 4,091,619 | 11.25% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $14,809,194 | 3,949,118 | 10.85% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $10,470,893 | 2,792,238 | 7.67% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $9,161,775 | 2,443,140 | 6.72% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $7,170,000 | 1,912,000 | 5.26% | Shares |
| STATE STREET CORP | $5,632,913 | 1,502,110 | 4.13% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $5,264,651 | 1,403,472 | 3.86% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $4,828,522 | 1,287,606 | 3.54% | Shares |
| INSTITUTIONAL VENTURE MANAGEMENT XV, LLC | $4,533,818 | 1,209,018 | 3.32% | Shares |
| BlackRock, Inc. | $2,987,276 | 796,607 | 2.19% | Shares |
| D. E. Shaw & Co., Inc. | $2,852,918 | 760,778 | 2.09% | Shares |
| TWO SIGMA INVESTMENTS, LP | $2,527,789 | 674,077 | 1.85% | Shares |
| UBS Group AG | $2,355,600 | 628,160 | 1.73% | Shares |
| GOLDMAN SACHS GROUP INC | $2,276,186 | 606,983 | 1.67% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1,943,400 | 518,240 | 1.42% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,548,806 | 413,015 | 1.14% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $1,487,355 | 396,628 | 1.09% | Shares |
| Varde Management, L.P. | $1,392,960 | 371,456 | 1.02% | Shares |
| MARSHALL WACE, LLP | $1,314,387 | 350,503 | 0.96% | Shares |
| Cubist Systematic Strategies, LLC | $1,106,425 | 262,186 | 0.81% | Shares |
| TWO SIGMA ADVISERS, LP | $1,045,980 | 268,200 | 0.77% | Shares |
| Mariner, LLC | $691,667 | 184,398 | 0.51% | Shares |
| HSBC HOLDINGS PLC | $614,319 | 159,150 | 0.45% | Shares |
| IEQ CAPITAL, LLC | $522,593 | 139,358 | 0.38% | Shares |
| Point72 Asset Management, L.P. | $478,789 | 127,677 | 0.35% | Shares |
| Amundi | $464,070 | 123,752 | 0.34% | Shares |
| BARCLAYS PLC | $455,348 | 121,426 | 0.33% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $450,000 | 120,000 | 0.33% | Shares |
| JANE STREET GROUP, LLC | $448,770 | 119,672 | 0.33% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $447,750 | 119,400 | 0.33% | Shares |
| Hillsdale Investment Management Inc. | $434,625 | 115,900 | 0.32% | Shares |
| FORMULA GROWTH LTD | $375,000 | 100,000 | 0.27% | Shares |
| Susquehanna Portfolio Strategies, LLC | $352,819 | 94,085 | 0.26% | Shares |
| CITADEL ADVISORS LLC | $338,918 | 90,378 | 0.25% | Shares |
| BANK OF AMERICA CORP /DE/ | $334,860 | 89,296 | 0.25% | Shares |
| AMERIPRISE FINANCIAL INC | $328,376 | 87,567 | 0.24% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $320,183 | 85,382 | 0.23% | Shares |
| Creative Planning | $318,848 | 85,026 | 0.23% | Shares |
| Bank of New York Mellon Corp | $305,711 | 81,523 | 0.22% | Shares |
| RHUMBLINE ADVISERS | $295,824 | 78,889 | 0.22% | Shares |
| Frec Markets, Inc. | $284,081 | 75,755 | 0.21% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $259,860 | 69,296 | 0.19% | Shares |
| Walleye Capital LLC | $248,310 | 66,216 | 0.18% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $241,125 | 64,300 | 0.18% | Shares |
| DEUTSCHE BANK AG\ | $240,458 | 64,122 | 0.18% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $229,541 | 59,313 | 0.17% | Shares |
| Russell Investments Group, Ltd. | $228,702 | 60,987 | 0.17% | Shares |
| Utah Retirement Systems | $224,580 | 59,888 | 0.16% | Shares |
| Nuveen, LLC | $213,323 | 56,886 | 0.16% | Shares |
| WELLS FARGO & COMPANY/MN | $206,400 | 55,040 | 0.15% | Shares |
| Divisadero Street Capital Management, LP | $185,663 | 49,510 | 0.14% | Shares |
| FMR LLC | $178,541 | 47,611 | 0.13% | Shares |
| XTX Topco Ltd | $174,214 | 46,457 | 0.13% | Shares |
| ALLIANCEBERNSTEIN L.P. | $172,923 | 93,980 | 0.13% | Shares |
| CWM, LLC | $156,913 | 85,279 | 0.12% | Shares |
| MetLife Investment Management, LLC | $148,403 | 39,574 | 0.11% | Shares |
| Engineers Gate Manager LP | $147,315 | 39,284 | 0.11% | Shares |
| Sunstone Asset Management, LP | $145,538 | 38,810 | 0.11% | Shares |
| CITIZENS FINANCIAL GROUP INC/RI | $132,686 | 35,383 | 0.10% | Shares |
| CITADEL ADVISORS LLC | $130,125 | 34,700 | 0.10% | Call option |
| Arax Advisory Partners | $124,493 | 33,198 | 0.09% | Shares |
| Walleye Trading LLC | $119,625 | 31,900 | 0.09% | Call option |
| MILLENNIUM MANAGEMENT LLC | $115,504 | 30,801 | 0.08% | Shares |
| BRIGHTON JONES LLC | $113,955 | 30,388 | 0.08% | Shares |
| JPMORGAN CHASE & CO | $113,790 | 29,403 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $113,003 | 30,134 | 0.08% | Shares |
| Abel Hall, LLC | $111,848 | 29,826 | 0.08% | Shares |
| nVerses Capital, LLC | $109,286 | 29,143 | 0.08% | Shares |
| Argos Wealth Advisors, LLC | $109,279 | 29,141 | 0.08% | Shares |
| VANGUARD GROUP INC | $108,564 | 27,837 | 0.08% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $105,338 | 28,090 | 0.08% | Shares |
| Vanguard Global Advisers, LLC | $104,389 | 27,837 | 0.08% | Shares |
| CITIGROUP INC | $99,529 | 26,541 | 0.07% | Shares |
| Invesco Ltd. | $98,408 | 26,242 | 0.07% | Shares |
| PRUDENTIAL FINANCIAL INC | $94,294 | 25,145 | 0.07% | Shares |
| Cerity Partners LLC | $90,585 | 24,156 | 0.07% | Shares |
| MACKENZIE FINANCIAL CORP | $87,945 | 23,452 | 0.06% | Shares |
| PDT Partners, LLC | $87,611 | 23,363 | 0.06% | Shares |
| State of Wyoming | $83,138 | 22,170 | 0.06% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $78,165 | 20,844 | 0.06% | Shares |
| Police & Firemen's Retirement System of New Jersey | $75,638 | 20,170 | 0.06% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $74,738 | 19,930 | 0.05% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $67,646 | 18,039 | 0.05% | Shares |
| Gerber Kawasaki Wealth & Investment Management | $66,892 | 17,838 | 0.05% | Shares |
| Graham Capital Management, L.P. | $64,313 | 17,150 | 0.05% | Shares |
| Caerus Investment Advisors, LLC | $58,238 | 15,530 | 0.04% | Shares |
| Focus Partners Wealth | $57,372 | 15,299 | 0.04% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $57,266 | 15,271 | 0.04% | Shares |
| SHERBROOKE PARK ADVISERS LLC | $56,632 | 14,521 | 0.04% | Shares |
| Pallas Capital Advisors LLC | $50,933 | 13,582 | 0.04% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $50,903 | 13,574 | 0.04% | Shares |
| Vanguard Personalized Indexing Management, LLC | $50,869 | 13,565 | 0.04% | Shares |
| AlphaQuest LLC | $48,711 | 12,490 | 0.04% | Shares |
| Integrated Wealth Concepts LLC | $46,148 | 12,305 | 0.03% | Shares |
| CITADEL ADVISORS LLC | $43,500 | 11,600 | 0.03% | Put option |
| Walleye Capital LLC | $42,000 | 11,200 | 0.03% | Call option |
| NORTHERN TRUST CORP | $38,775 | 10,340 | 0.03% | Shares |
| AXQ CAPITAL, LP | $37,759 | 10,069 | 0.03% | Shares |
| Merit Financial Group, LLC | $30,439 | 8,117 | 0.02% | Shares |
Company insiders 27 insiders · 10 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| David Travers | President and interim CFO | June 18, 2026 S | 1,245,763 | 0 | 1 | $-73,871 |
| Timothy G. Yarbrough | EVP & Chief Financial Officer | Jan. 22, 2024 S | 198,460 | 0 | 0 | $0 |
| Qasim Saifee | Chief Operating Officer | Dec. 15, 2023 C | 406,135 | 0 | 0 | $0 |
| Jeffrey Zwelling | Former Chief Operating Officer | Dec. 15, 2021 C | 112,191 | 0 | 0 | $0 |
| Ryan T. Sakamoto | EVP, Chief Legal Officer | July 24, 2026 S | 122,090 | 0 | 2 | $-25,364 |
| Amy Garefis | EVP, Chief People Officer | July 20, 2026 S | 214,927 | 0 | 2 | $-64,522 |
| Lora Bartolome | SVP, ACCOUNTING & CONTROLLER | June 15, 2026 M | 37,195 | 0 | 0 | $0 |
| Boris F. Shimanovsky | EVP, Chief Technology Officer | June 15, 2026 M | 404,975 | 0 | 0 | $0 |
| Renata Dionello | Chief People Officer | Dec. 15, 2022 C | 128,695 | 0 | 0 | $0 |
| Ryan Eberhard | Chief Product Officer | May 26, 2021 C | 199,268 | 0 | 0 | $0 |
| Emily Mcevilly | Director | June 9, 2026 A | 82,936 | 0 | 0 | $0 |
| Jennifer Saenz | Director | June 9, 2026 A | 53,828 | 0 | 0 | $0 |
| Brie Carere | Director | June 9, 2026 A | 82,089 | 0 | 0 | $0 |
| Cipora Herman | Director | June 9, 2026 A | 77,893 | 0 | 0 | $0 |
| Mike Gupta | Director | June 9, 2026 A | 68,166 | 0 | 0 | $0 |
| Blake Irving | Director | June 9, 2026 A | 75,763 | 0 | 0 | $0 |
| Eric Liaw | Director | Aug. 30, 2023 C | 13,682 | 0 | 0 | $0 |
| Yvonne Hao | Director | June 13, 2023 A | 11,292 | 0 | 0 | $0 |
| Brian Sung Lee | Director | July 29, 2022 A | 4,540 | 0 | 0 | $0 |
| Emilie Choi | Director | July 29, 2022 A | 0 | 0 | 0 | $0 |
| Sanford J Miller | 10% owner | Nov. 14, 2023 S | 5,811 | 0 | 0 | $0 |
| Todd C Chaffee | 10% owner | Sept. 8, 2023 S | 0 | 0 | 0 | $0 |
| Joseph Edmonds | 10% owner | Dec. 3, 2021 S | 8,755,588 | 0 | 0 | $0 |
| Hadley Harbor Master Investors (Cayman) II L.P. | 10% owner | Oct. 21, 2021 S | 8,297,294 | 0 | 0 | $0 |
| Redd Willis | 10% owner | June 7, 2021 G | 6,774,820 | 0 | 0 | $0 |
| Ian H. Siegel | — | Aug. 6, 2026 S | 30,647 | 0 | 9 | $-408,844 |
| Ward Poulos | — | June 11, 2021 S | 2,830,226 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 36 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 |
|---|---|---|---|---|
| HAPS · Harbor ETF Trust | 0.03% | 16,201 NS | April 30, 2026 | N-PORT |
| EBIT · Harbor ETF Trust | 0.03% | 1,127 NS | April 30, 2026 | N-PORT |
| RSSL · Global X Funds | 0.01% | 27,532 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.01% | 3,035 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.00% | 303,032 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.00% | 2,373 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.00% | 2,400 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 2,513 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 60 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 43,979 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | — | — | July 15, 2026 | Daily |
| VPL · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VSS · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| ITOT · iShares Trust | — | — | July 22, 2026 | Daily |
| IWV · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWN · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IWM · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IWC · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| PKW · Invesco Exchange-Traded Fund Trust | — | — | Aug. 4, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | — | — | July 20, 2026 | Daily |
| VOX · VANGUARD WORLD FUND | — | — | July 20, 2026 | Daily |
| VSGX · VANGUARD WORLD FUND | — | — | July 30, 2026 | Daily |
| SCZ · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| IEFA · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| IXUS · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IPAC · iShares Trust | — | — | Aug. 18, 2026 | Daily |
| ISCF · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| IDEV · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| WSML · iShares Trust | — | — | Aug. 5, 2026 | Daily |