ZVRA Zevra Therapeutics, Inc. - Common Stock
$11.94
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$7–$15
61% of range
Analyst Rating
BUY
15 analysts
Price Target
$25
+109% upside
P/E (TTM)
9.2
ROE
61.2%
Net Profit Margin
78.2%
ZVRA Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$11.94
Market Cap
$706M
P/E (TTM)
9.2
EPS (TTM)
$1.35
Revenue (TTM)
$106M
Div Yield
—
ROE
61.2%
Debt/Equity
0.4
52W Range
$7 – $15
ZVRA Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$106M
2018-12-31
→
2025-12-31
EPS
$1.35
2020-12-31
→
2025-12-31
Free Cash Flow
$-2M
2016-12-31
→
2025-12-31
Margins
78.2%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
ZVRA
Peer Median
P/E (TTM)
9.2
11.7
P/S (TTM)
6.6
5.4
P/B
4.6
3.7
EV / EBITDA
-12.0
—
Price / FCF
-290.0
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
ZVRA
Peer Median
Operating Margin
-59.1%
—
Net Profit Margin
78.2%
-45.6%
ROA
36.0%
-25.4%
ROE
61.2%
-27.1%
ROIC
-27.9%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
ZVRA
Peer Median
Debt / Equity
0.4
—
Current Ratio
5.7
4.6
Quick Ratio
1.6
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
ZVRA
Peer Median
Revenue YoY
350.9%
—
Revenue CAGR 3Y
118.8%
—
Revenue CAGR 5Y
51.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
ZVRA
Peer Median
ZVRA Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
15 analysts
- Strong Buy 5 33.3%
- Buy 9 60.0%
- Hold 1 6.7%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
9 analysts · 2026-08-14
Median
$24.00
← Below all targets
$11.94
Low
$20.00
High
$35.00
Median target
$24.00
+101.1%
Mean target
$25.00
+109.5%
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 | $0.14 | $0.11 | 0.03% |
| March 31, 2026 | $0.18 | $0.08 | 0.10% |
| Dec. 31, 2025 | $0.21 | $0.05 | 0.16% |
| Sept. 30, 2025 | $-0.01 | $-0.04 | 0.03% |
| June 30, 2025 | $1.21 | $1.53 | -0.32% |
| March 31, 2025 | $-0.06 | $-0.19 | 0.13% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| ZVRA | $509M | 6.6 | 350.9% | 78.2% | 61.2% | — |
| PHAT | $1.18B | -5.5 | 216.9% | -126.4% | 52.4% | 87.1% |
| CRMD | $922M | 5.7 | 617.0% | 52.3% | 52.1% | 88.5% |
| ARVN | $753M | -10.4 | -0.30% | -30.8% | -15.5% | — |
| CTNM | — | -5.3 | — | — | -27.7% | — |
| EOLS | $432M | -8.3 | 11.6% | -17.4% | 247.3% | 66.3% |
| AQST | $788M | -8.3 | -22.6% | -188.1% | 157.7% | — |
| RLMD | $354M | -3.3 | 93.7% | — | -112.0% | — |
| BIOA | $495M | -5.9 | — | -896.1% | -28.4% | — |
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 | $106M | $24M | $27M | $10M | $29M | $13M | $13M | $0 | · | · | · | · | |
| Cost of Revenue | · | · | $3M | $222.0K | $2M | · | $10M | $0 | · | · | · | · | |
| R&D Expense | · | · | · | · | $10M | $9M | $19M | $42M | $21M | $20M | $14M | $12M | |
| SG&A Expense | $78M | $55M | $34M | $15M | $9M | $8M | $11M | $13M | $13M | $14M | $9M | $5M | |
| Operating Expenses | $90M | $97M | $74M | $53M | $21M | $19M | $33M | $56M | $33M | $37M | $23M | $16M | |
| Operating Income | $-63M | $-87M | $-50M | $-43M | $8M | $-6M | $-20M | $-56M | $-33M | $-37M | $-23M | $-16M | |
| Interest Expense | · | · | $2M | $335.0K | $226.0K | $5M | $5M | $5M | $6M | $6M | $3M | $2M | |
| Other Non-op | $150M | $-3M | $4M | $16M | $-16M | $-7M | $-4M | $-689.0K | $-10M | $21M | $-32M | $-8M | |
| Pretax Income | $87M | $-90M | $-46M | $-27M | $-9M | $-13M | $-25M | $-57M | $-43M | $-17M | $-55M | $-24M | |
| Income Tax | $3M | $15M | $0 | $-33.0K | $34.0K | $-34.0K | $-22.0K | $-126.0K | $-43.0K | $-15.0K | $26.0K | $-22.0K | |
| Net Income | $83M | $-106M | $-46M | $-27M | $-9M | $-13M | $-25M | $-56M | $-43M | $-17M | $-55M | $-24M | |
| EPS (Basic) | $1.40 | $-2.28 | $-1.30 | $-0.78 | $-2.11 | $-3.21 | · | · | · | · | · | · | |
| EPS (Diluted) | $1.35 | $-2.28 | · | · | $-2.11 | $-3.21 | · | · | · | · | · | · | |
| Shares (Basic) | 55,311,308 | 46,251,239 | 35,452,460 | 34,488,800 | 29,766,347 | 3,980,975 | · | · | · | · | · | · | |
| Shares (Diluted) | 57,262,715 | 46,251,239 | · | · | 29,766,347 | 3,980,975 | · | · | · | · | · | · | |
| EBITDA | $-59M | $-81M | $-49M | $-42M | $8M | $-5M | · | $-56M | $-33M | $-37M | $-23M | · |
Balance Sheet 28
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $62M | $34M | $43M | $65M | $112M | $4M | $3M | $18M | $11M | $17M | $32M | $10M | |
| Short-term Investments | · | · | · | · | $0 | · | · | $3M | $31M | $51M | $19M | · | |
| Receivables | · | $10M | $16M | $7M | $1M | $2M | $2M | $0 | $2M | $5M | · | · | |
| Inventory | $2M | $2M | $0 | $671.0K | · | · | · | · | · | · | · | · | |
| Prepaid Expense | $7M | $4M | $2M | $2M | $1M | $1M | $2M | $2M | $2M | $489.0K | $3M | $23.0K | |
| Current Assets | $223M | $86M | $87M | $93M | $115M | $8M | $7M | $24M | $46M | $74M | $54M | $10M | |
| PP&E (Net) | $489.0K | $356.0K | $736.0K | $794.0K | $884.0K | $1M | $1M | $2M | $2M | $2M | $403.0K | $352.0K | |
| PP&E (Gross) | · | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $881.0K | $746.0K | |
| Accum. Depreciation | · | $2M | $2M | $1M | $2M | $2M | $2M | $1M | $929.0K | $605.0K | $478.0K | $394.0K | |
| Goodwill | $5M | $5M | $5M | $0 | · | · | · | · | · | · | · | · | |
| Intangibles | $6M | $69M | $69M | $0 | · | · | · | · | · | · | · | · | |
| Other Non-current Assets | $143.0K | $384.0K | $94.0K | $53.0K | $438.0K | $438.0K | $527.0K | $562.0K | $206.0K | $360.0K | $109.0K | $2M | |
| Total Assets | $285M | $178M | $172M | $115M | $133M | $11M | $11M | $27M | $52M | $85M | $55M | $14M | |
| Accounts Payable | $12M | $13M | $14M | $4M | $516.0K | $1M | $1M | $4M | $2M | $469.0K | $1M | $2M | |
| Accrued Liabilities | · | · | · | $0 | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | $700.0K | |
| Current Liabilities | $39M | $34M | $74M | $12M | $4M | $8M | $5M | $12M | $12M | $7M | $8M | $4M | |
| Capital Leases | $859.0K | $372.0K | $456.0K | $843.0K | $1M | $2M | $2M | $396.0K | $562.0K | $657.0K | · | $26.0K | |
| Other Non-current Liabilities | $2M | $5M | $7M | $25.0K | $31.0K | $145.0K | $168.0K | $689.0K | $794.0K | $496.0K | · | · | |
| Total Liabilities | $130M | $138M | $110M | $40M | $6M | $78M | $85M | $93M | $110M | $104M | $65M | $38M | |
| Long-term Debt | $62M | $60M | · | · | · | $68M | $77M | $81M | $93M | · | · | · | |
| Total Debt | $62M | $60M | · | · | · | · | · | · | · | · | · | · | |
| Common Stock | · | $5.0K | $4.0K | $3.0K | $4.0K | $0 | $0 | $3.0K | $1.0K | $1.0K | $1.0K | $2.0K | |
| Retained Earnings | $-422M | $-505M | $-400M | $-354M | $-267M | $-258M | $-246M | $-221M | $-165M | $-121M | $-105M | $-50M | |
| Treasury Stock | $11M | $11M | $11M | $8M | $3M | $0 | · | · | · | · | · | · | |
| AOCI | $-764.0K | $631.0K | $-43.0K | $113.0K | $0 | · | · | · | · | · | · | · | |
| Stockholders' Equity | $155M | $40M | $62M | $75M | $102M | $-66M | $-74M | $-67M | $-58M | $-19M | $-10M | $-49M | |
| Liabilities + Equity | $285M | $178M | $172M | $115M | $133M | $11M | $11M | $27M | $52M | $85M | $55M | $14M | |
| Shares Outstanding | 56,854,781 | 53,670,709 | 41,534,668 | 34,540,304 | 35,005,640 | 4,537,321 | 2,271,882 | 1,653,425 | 14,657,430 | 14,646,982 | 14,490,954 | 2,381,041 |
Cash Flow 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $4M | $6M | $1M | $944.0K | $257.0K | $273.0K | $304.0K | $324.0K | $336.0K | $175.0K | $84.0K | $75.0K | |
| Stock-based Comp | $13M | $15M | $6M | $4M | $2M | $2M | $4M | $6M | $5M | $7M | $2M | $214.0K | |
| Deferred Tax | $-10M | $15M | · | · | · | · | · | · | · | · | · | · | |
| Amort. of Intangibles | $4M | $6M | $772.0K | · | · | · | · | · | · | · | · | · | |
| Other Non-cash | $-92M | $15M | $6M | $18M | $16M | $8M | · | $-5M | $5M | $-20M | $32M | · | |
| Operating Cash Flow | $-2M | $-70M | $-34M | $-19M | $10M | $-2M | $-24M | $-54M | $-33M | $-30M | $-20M | $-15M | |
| CapEx | $835.0K | $0 | $296.0K | $93.0K | $102.0K | $33.0K | $26.0K | $21.0K | $181.0K | $643.0K | $135.0K | $47.0K | |
| Investing Cash Flow | $18M | $-22M | $-17M | $-37M | $-16M | $-33.0K | $3M | $33M | $27M | $-46M | $-19M | · | |
| Debt Issued | · | · | · | · | $0 | $781.0K | · | · | · | · | · | · | |
| Net Debt Issued | · | · | · | · | $0 | $781.0K | · | · | · | · | · | · | |
| Stock Issued | $0 | $65M | $6M | $0 | · | · | · | $5M | · | · | · | · | |
| Stock Repurchased | · | $0 | $3M | $5M | $3M | $0 | · | · | · | · | · | · | |
| Net Stock Activity | $0 | $65M | $3M | $-5M | $-3M | · | · | · | · | · | · | · | |
| Financing Cash Flow | $12M | $82M | $28M | $8M | $113M | $3M | $5M | $28M | $-203.0K | $61M | $61M | · | |
| Net Change in Cash | $29M | $-9M | $-22M | $-47M | $108M | $767.0K | $-16M | $7M | $-6M | $-14M | $22M | $8M | |
| Free Cash Flow | $-2M | $-70M | $-34M | $-19M | $10M | $-2M | · | $-54M | $-33M | $-30M | $-20M | · | |
| Levered FCF | · | · | $-35M | $-19M | $10M | $-7M | · | $-60M | $-39M | $-36M | $-23M | · |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | -59.1% | -368.5% | -180.6% | -406.4% | 27.0% | -42.2% | · | · | · | · | · | · | |
| Net Margin | 78.2% | -446.8% | -167.7% | -397.2% | -29.9% | -96.0% | · | · | · | · | · | · | |
| Pretax Margin | 81.4% | -381.8% | -167.7% | -404.8% | -29.7% | -96.3% | · | · | · | · | · | · | |
| EBITDA Margin | -55.3% | -341.4% | -177.0% | -397.4% | 27.9% | -40.2% | · | · | · | · | · | · | |
| ROA | 36.0% | -60.2% | -32.0% | -33.4% | -11.9% | -117.5% | · | -142.6% | -63.2% | -23.7% | -157.4% | · | |
| ROE | 61.2% | -192.8% | -74.6% | -46.3% | -6.6% | 19.8% | · | 69.8% | 113.9% | 114.6% | 186.5% | · | |
| ROIC | -27.9% | -102.7% | -80.2% | -48.6% | 6.1% | 8.4% | · | 83.8% | 58.0% | 200.3% | 225.5% | · |
Liquidity & Solvency 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.7 | 2.5 | 1.2 | 7.9 | 27.2 | 1.1 | · | 2.0 | 4.1 | 11.2 | 6.5 | · | |
| Quick Ratio | 1.6 | 1.3 | 0.8 | 6.2 | 26.9 | 0.9 | · | 1.8 | 3.8 | 11.0 | 6.2 | · | |
| Debt / Equity | 0.4 | 1.5 | · | · | · | · | · | · | · | · | · | · | |
| LT Debt / Equity | 0.4 | 1.5 | · | · | · | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | -33.0 | -126.9 | 34.2 | -1.2 | · | -10.2 | -5.8 | -6.8 | -8.5 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.1 | 0.2 | 0.1 | 0.4 | 1.2 | · | · | · | · | 0.0 | · | |
| Inventory Turnover | · | · | 0.6 | · | · | · | · | · | · | · | · | · | |
| Receivables Turnover | · | 1.8 | 2.4 | 2.4 | 14.8 | 6.4 | · | · | · | · | · | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 350.9% | -14.0% | 170.3% | -64.5% | 115.6% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 118.8% | -6.2% | 27.4% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 51.6% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $106M | $24M | $27M | $10M | $29M | $13M | $13M | $0 | $0 | $0 | $0 | · | |
| Net Income TTM | $83M | $-106M | $-46M | $-27M | $-9M | $-13M | $-25M | $-56M | $-43M | $-17M | $-55M | · | |
| Market Cap | $509M | $448M | $272M | $159M | $305M | $51M | · | $753M | $950M | $691M | $4.60B | · | |
| Enterprise Value | $509M | $473M | · | · | · | · | · | · | · | · | · | · | |
| P/E | 6.6 | -3.7 | -1.8 | -1.3 | -4.1 | -3.5 | · | -8.8 | -22.0 | -19.8 | -50.7 | · | |
| P/S | 4.8 | 19.0 | 9.9 | 15.6 | 10.6 | 3.8 | · | · | · | · | · | · | |
| P/B | 3.3 | 11.3 | 4.4 | 1.8 | 2.4 | -0.8 | · | -11.3 | -16.5 | -37.0 | -455.0 | · | |
| P / Tangible Book | 3.5 | · | · | 2.1 | 3.0 | · | · | · | · | · | · | · | |
| P / Cash Flow | -318.8 | -6.4 | -8.1 | -8.5 | 29.2 | -26.2 | · | -13.9 | -28.7 | -23.2 | -227.2 | · | |
| P / FCF | -209.4 | -6.4 | -8.0 | -8.4 | 29.5 | -25.8 | · | -13.9 | -28.5 | -22.7 | -225.7 | · | |
| EV / EBITDA | -8.6 | -5.9 | · | · | · | · | · | · | · | · | · | · | |
| EV / FCF | -209.2 | -6.8 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 4.8 | 20.0 | · | · | · | · | · | · | · | · | · | · | |
| Earnings Yield | 15.1% | -27.3% | -55.4% | -79.1% | -24.2% | -28.7% | · | -11.4% | -4.5% | -5.0% | -2.0% | · |
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 | $40M | $36M | $34M | $26M | $26M | $20M | $12M | $4M | $4M | $3M | $13M | $3M | $8M | $3M | $2M | $3M | |
| Cost of Revenue | · | · | · | · | · | · | · | · | · | · | · | $144.0K | $677.0K | $125.0K | $22.0K | $141.0K | |
| SG&A Expense | $17M | $21M | $20M | $17M | $21M | $20M | $16M | $16M | $13M | $10M | $15M | $6M | $7M | $7M | $5M | $4M | |
| Operating Expenses | $21M | $25M | $23M | $20M | $24M | $23M | $24M | $27M | $23M | $22M | $26M | $18M | $14M | $16M | $11M | $10M | |
| Operating Income | $17M | $52M | $9M | $4M | $-71M | $-5M | $-15M | $-27M | $-24M | $-20M | $-15M | $-15M | $-6M | $-13M | $-9M | $-7M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $735.0K | · | $366.0K | $197.0K | $182.0K | $170.0K | $124.0K | |
| Other Non-op | $-4M | $-7M | $3M | $-5M | $148M | $3M | $-5M | $-6M | $4M | $4M | $-5M | $5M | $4M | $-489.0K | $16M | $-23.0K | |
| Pretax Income | $13M | $45M | $13M | $-977.0K | $77M | $-2M | $-20M | $-33M | $-20M | $-17M | $-20M | $-10M | $-3M | $-13M | $6M | $-7M | |
| Income Tax | $4M | $7M | $501.0K | $-433.0K | $2M | $1M | $15M | $0 | $70.0K | $-70.0K | $0 | $177.0K | $-74.0K | $-103.0K | $719.0K | $-33.0K | |
| Net Income | $9M | $38M | $12M | $-544.0K | $75M | $-3M | $-36M | $-33M | $-20M | $-17M | $-20M | $-10M | $-3M | $-13M | $6M | $-7M | |
| EPS (Basic) | $0.14 | $0.62 | $0.23 | $-0.01 | $1.24 | $-0.06 | $-0.71 | $-0.69 | $-0.48 | $-0.40 | $-0.54 | $-0.30 | $-0.08 | $-0.38 | $0.16 | $-0.19 | |
| EPS (Diluted) | $0.14 | $0.60 | $0.19 | $-0.01 | $1.21 | $-0.06 | $-0.69 | $-0.69 | $-0.48 | · | · | · | · | · | · | · | |
| Shares (Basic) | 59,155,970 | 58,405,955 | -109,516,745 | 55,951,572 | 54,780,938 | 54,095,543 | -85,235,439 | 47,808,817 | 41,899,087 | 41,778,774 | -67,636,929 | 34,724,614 | 33,898,233 | 34,466,542 | -68,959,705 | 34,494,702 | |
| Shares (Diluted) | 61,336,617 | 60,230,490 | 479,952 | 55,951,572 | 56,324,903 | 54,095,543 | 2,407,388 | 47,808,817 | 41,899,087 | · | · | · | · | · | · | · | |
| EBITDA | $17M | · | · | $4M | $-71M | $-4M | · | $-27M | $-24M | $-19M | · | $-15M | $-7M | $-13M | · | $-7M |
Balance Sheet 27
| 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 | $145M | $96M | $62M | $54M | $48M | $37M | $34M | $54M | $39M | $43M | $43M | $43M | $66M | $40M | $65M | $70M | |
| Short-term Investments | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $6M | |
| Receivables | · | · | · | · | · | · | · | · | · | · | $16M | $3M | $1M | · | $7M | · | |
| Inventory | $2M | $2M | $2M | $1M | $1M | $3M | $2M | · | · | · | $0 | · | · | · | $671.0K | · | |
| Prepaid Expense | $5M | $5M | $7M | $7M | $4M | $4M | $4M | $2M | $3M | $2M | $2M | $2M | $2M | $1M | $2M | $3M | |
| Current Assets | $251M | $230M | $223M | $225M | $226M | $82M | $86M | $99M | $61M | $63M | $87M | $137M | $103M | $104M | $93M | $85M | |
| PP&E (Net) | $641.0K | $430.0K | $489.0K | $488.0K | $599.0K | $422.0K | $356.0K | $607.0K | $678.0K | $695.0K | $736.0K | $642.0K | $689.0K | $744.0K | $794.0K | $852.0K | |
| PP&E (Gross) | · | · | · | · | · | · | · | · | · | · | $2M | · | · | · | $2M | · | |
| Accum. Depreciation | · | · | · | · | · | · | · | · | · | · | $2M | · | · | · | $1M | · | |
| Goodwill | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | · | · | · | $0 | · | |
| Intangibles | $6M | $6M | $6M | $7M | $7M | $67M | $69M | $71M | $66M | $68M | $69M | · | · | · | $0 | · | |
| Other Non-current Assets | $3.0K | $143.0K | $143.0K | $153.0K | $220.0K | $293.0K | $384.0K | $512.0K | $875.0K | $2M | $94.0K | $148.0K | $53.0K | $53.0K | $53.0K | $439.0K | |
| Total Assets | $303M | $279M | $285M | $270M | $256M | $173M | $178M | $192M | $144M | $151M | $172M | $139M | $106M | $107M | $115M | $120M | |
| Accounts Payable | $14M | $12M | $2M | $11M | $16M | $18M | $13M | $24M | $20M | $23M | $14M | $13M | $11M | $10M | $4M | $4M | |
| Current Liabilities | $49M | $47M | $39M | $26M | $29M | $27M | $34M | $34M | $30M | $30M | $74M | $22M | $18M | $16M | $12M | $8M | |
| Capital Leases | $870.0K | $741.0K | $859.0K | $966.0K | $1M | $1M | $372.0K | $483.0K | $544.0K | $705.0K | $456.0K | $517.0K | $627.0K | $736.0K | $843.0K | $956.0K | |
| Other Non-current Liabilities | $2M | $2M | $2M | $4M | $3M | $5M | $5M | $6M | $7M | $9M | $7M | $420.0K | $317.0K | $158.0K | $25.0K | $26.0K | |
| Total Liabilities | $85M | $73M | $130M | $137M | $139M | $132M | $138M | $122M | $112M | $102M | $110M | $72M | $37M | $35M | $40M | $26M | |
| Long-term Debt | · | · | $62M | $61M | $61M | · | $60M | · | · | · | · | · | · | · | · | · | |
| Total Debt | $0 | · | · | $61M | $61M | $60M | · | $59M | $58M | · | · | · | · | · | · | · | |
| Common Stock | · | · | · | · | · | $5.0K | · | $5.0K | $4.0K | $4.0K | $4.0K | $3.0K | $3.0K | $3.0K | $3.0K | $3.0K | |
| Retained Earnings | $-375M | $-384M | $-422M | $-434M | $-434M | $-508M | $-505M | $-470M | $-436M | $-416M | $-400M | $-339M | $-325M | $-320M | $-354M | $-300M | |
| Treasury Stock | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $11M | $8M | $8M | |
| AOCI | $-2M | $-2M | $-764.0K | $-2M | $-2M | $-82.0K | $631.0K | $-115.0K | $421.0K | $141.0K | $-43.0K | $-220.0K | $-225.0K | $-63.0K | $113.0K | $201.0K | |
| Stockholders' Equity | $218M | $206M | $155M | $133M | $117M | $41M | $40M | $70M | $32M | $49M | $62M | $67M | $68M | $71M | $75M | $94M | |
| Liabilities + Equity | $303M | $279M | $285M | $270M | $256M | $173M | $178M | $192M | $144M | $151M | $172M | $139M | $106M | $107M | $115M | $120M | |
| Shares Outstanding | 59,341,906 | 59,114,850 | 56,854,781 | 56,217,722 | 55,084,204 | 54,679,363 | 53,670,709 | 53,227,364 | 41,991,464 | 41,850,494 | 41,534,668 | 36,211,710 | 33,928,005 | 33,881,804 | 34,540,304 | 34,501,144 |
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 | $364.0K | $368.0K | $362.0K | $392.0K | $2M | $2M | $2M | $2M | $2M | $2M | $787.0K | $62.0K | $78.0K | $79.0K | $300.0K | $398.0K | |
| Stock-based Comp | $3M | $3M | $4M | $3M | $2M | $3M | $4M | $6M | $3M | $2M | $1M | $3M | $3M | $945.0K | $955.0K | $911.0K | |
| Amort. of Intangibles | $316.0K | $316.0K | $316.0K | $315.0K | $2M | $2M | $2M | $2M | $2M | $2M | $772.0K | $0 | $0 | $0 | · | · | |
| Restructuring | · | · | · | · | · | · | · | · | · | · | · | · | · | $354.0K | · | · | |
| Other Non-cash | · | $-35M | · | · | · | $-10M | · | · | · | $-3M | · | · | · | $7M | · | · | |
| Operating Cash Flow | $17M | $6M | $6M | $5M | $-4M | $-8M | $-16M | $-18M | $-19M | $-16M | $-16M | $-5M | $-9M | $-4M | $-4M | $-7M | |
| CapEx | $217.0K | $35.0K | $-31.0K | $554.0K | $213.0K | $99.0K | $0 | $0 | $0 | $0 | $72.0K | $172.0K | $23.0K | $29.0K | $34.0K | $28.0K | |
| Investing Cash Flow | $31M | $80M | $227.0K | $-5M | $12M | $11M | $-5M | $-31M | $-129.0K | $15M | $11M | $-44M | $34M | $-18M | $-63.0K | $272.0K | |
| Stock Issued | · | · | $0 | · | · | $0 | $0 | $63M | $-71.0K | $1M | $6M | $0 | $0 | $0 | · | · | |
| Stock Repurchased | · | · | · | · | · | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $3M | $0 | $0 | |
| Net Stock Activity | · | · | · | · | · | $0 | · | · | · | $1M | · | · | · | $-3M | · | · | |
| Financing Cash Flow | $2M | $-53M | $3M | $7M | $1M | $2M | $796.0K | $65M | $15M | $1M | $5M | $26M | $951.0K | $-4M | $-257.0K | $-409.0K | |
| Net Change in Cash | $50M | $33M | $8M | $7M | $10M | $4M | $-20M | $15M | $-4M | $-200.0K | $-220.0K | $-23M | $26M | $-25M | $-5M | $-7M | |
| Free Cash Flow | · | · | · | · | · | $-8M | · | · | · | $-16M | · | · | · | $-4M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-17M | · | · | · | $-4M | · | · |
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 | 42.3% | · | · | 15.9% | -274.5% | -26.3% | · | -739.0% | -534.8% | -598.1% | · | -530.7% | -78.5% | -448.9% | · | -230.5% | |
| Net Margin | 22.1% | · | · | -2.1% | 288.7% | -15.2% | · | -899.2% | -447.9% | -485.3% | · | -485.1% | -60.0% | -408.7% | · | -230.2% | |
| Pretax Margin | 32.3% | · | · | -3.8% | 297.1% | -9.4% | · | -899.2% | -446.3% | -487.4% | · | -479.0% | -60.9% | -412.3% | · | -231.3% | |
| EBITDA Margin | 42.3% | · | · | 15.9% | -274.5% | -18.2% | · | -739.0% | -534.8% | -552.5% | · | -530.7% | -78.5% | -446.2% | · | -230.5% | |
| ROA | 3.1% | · | · | -0.24% | 37.3% | -1.9% | · | -20.1% | -15.9% | -12.9% | · | -10.9% | -4.4% | -10.1% | · | -5.1% | |
| ROE | 5.2% | · | · | -0.54% | 99.8% | -6.9% | · | -48.4% | -39.5% | -27.7% | · | -17.4% | -6.1% | -12.2% | · | -5.9% | |
| ROIC | 5.3% | · | · | 1.2% | -38.8% | -8.6% | · | -21.2% | -26.3% | -41.8% | · | -23.1% | -9.6% | -17.9% | · | -7.0% |
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 | 5.2 | · | · | 8.6 | 7.9 | 3.0 | · | 2.9 | 2.0 | 2.1 | · | 6.3 | 5.7 | 6.7 | · | 10.1 | |
| Quick Ratio | 3.0 | · | · | 2.1 | 1.7 | 1.4 | · | 1.6 | 1.3 | 1.4 | · | 2.1 | 3.7 | 2.6 | · | 9.0 | |
| Debt / Equity | 0.0 | · | · | 0.5 | 0.5 | 1.5 | · | 0.8 | 1.8 | · | · | · | · | · | · | · | |
| LT Debt / Equity | 0.0 | · | · | 0.5 | 0.5 | 1.5 | · | 0.8 | 1.8 | · | · | · | · | · | · | · | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -27.9 | · | -42.0 | -33.7 | -71.0 | · | -53.4 |
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 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.1 | 0.0 | · | 0.0 | |
| Receivables Turnover | · | · | · | · | · | · | · | · | · | · | · | 1.9 | 13.0 | · | · | · |
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 | $128M | $109M | · | $76M | $54M | $32M | · | $14M | $19M | $18M | · | $17M | $16M | $11M | · | $10M | |
| Net Income TTM | $121M | $109M | · | $38M | $18M | $-73M | · | $-80M | $-49M | $-43M | · | $-33M | $-46M | $-46M | · | $-34M | |
| Market Cap | $851M | · | · | $535M | $485M | $410M | · | $369M | $206M | $243M | · | $175M | $173M | $186M | · | $215M | |
| Enterprise Value | $706M | · | · | $542M | $498M | $432M | · | $374M | $225M | · | · | · | · | · | · | · | |
| P/E | 7.4 | 5.4 | · | · | · | · | · | · | · | -1.6 | · | -1.3 | -1.4 | -1.5 | · | -1.7 | |
| P/S | 6.7 | · | · | 7.0 | 8.9 | 12.8 | · | 25.5 | 10.7 | 13.5 | · | 10.0 | 10.9 | 16.5 | · | 21.3 | |
| P/B | 3.9 | · | · | 4.0 | 4.1 | 10.0 | · | 5.3 | 6.3 | 5.0 | · | 2.6 | 2.5 | 2.6 | · | 2.3 | |
| P / Tangible Book | 4.1 | 2.8 | · | 4.4 | 4.6 | · | · | · | · | · | · | 2.6 | 2.5 | 2.6 | · | 2.3 | |
| P / Cash Flow | · | · | · | · | · | -49.8 | · | · | · | -15.0 | · | · | · | -46.1 | · | · | |
| P / FCF | · | · | · | · | · | -49.2 | · | · | · | -15.0 | · | · | · | -45.7 | · | · | |
| EV / EBITDA | 42.1 | · | · | 130.7 | -7.0 | -116.4 | · | -13.7 | -9.4 | · | · | · | · | · | · | · | |
| EV / FCF | · | · | · | · | · | -52.0 | · | · | · | · | · | · | · | · | · | · | |
| EV / Revenue | 5.5 | · | · | 7.1 | 9.2 | 13.5 | · | 25.9 | 11.7 | · | · | · | · | · | · | · | |
| Earnings Yield | 13.5% | 18.7% | · | · | · | · | · | · | · | -62.6% | · | -75.3% | -71.2% | -66.0% | · | -58.2% |
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 | $106M | $24M | $27M | $10M | $29M |
| Operating Margin % | -59.1% | -368.5% | -180.6% | -406.4% | 27.0% |
| Net Income | $83M | $-106M | $-46M | $-27M | $-9M |
| Diluted EPS | $1.35 | $-2.28 | — | — | $-2.11 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Debt / Equity | 0.4 | 1.5 | — | — | — |
| Current Ratio | 5.7 | 2.5 | 1.2 | 7.9 | 27.2 |
| Quick Ratio | 1.6 | 1.3 | 0.8 | 6.2 | 26.9 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $-2M | $-70M | $-34M | $-19M | $10M |
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 171 filers · $523.9M 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 |
|---|---|---|---|---|
| 31 (+18 vs prior Q) | 15 (-10 vs prior Q) | 58 (+3 vs prior Q) | 44 (-10 vs prior Q) | +4.6M |
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 |
|---|---|---|---|---|
| Woodline Partners LP | $68,627,956 | 4,785,771 | 13.10% | Shares |
| FMR LLC | $51,319,920 | 3,578,795 | 9.79% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $37,841,969 | 2,638,910 | 7.22% | Shares |
| Caption Management, LLC | $28,720,152 | 2,002,800 | 5.48% | Put option |
| VANGUARD GROUP INC | $25,953,841 | 2,896,634 | 4.95% | Shares |
| Nantahala Capital Management, LLC | $25,775,806 | 1,797,476 | 4.92% | Shares |
| STATE STREET CORP | $24,119,866 | 1,681,999 | 4.60% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $18,906,390 | 1,318,055 | 3.61% | Shares |
| Qube Research & Technologies Ltd | $17,800,859 | 1,241,343 | 3.40% | Shares |
| MORGAN STANLEY | $15,317,099 | 1,068,138 | 2.92% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $13,005,462 | 906,936 | 2.48% | Shares |
| ROYCE & ASSOCIATES LP | $12,657,316 | 882,658 | 2.42% | Shares |
| 683 Capital Management, LLC | $12,260,699 | 855,000 | 2.34% | Shares |
| KINGDON CAPITAL MANAGEMENT, L.L.C. | $11,113,500 | 775,000 | 2.12% | Shares |
| Retirement Planning Co of New England, Inc. | $9,097,439 | 634,410 | 1.74% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $8,563,303 | 597,162 | 1.63% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $7,759,503 | 541,109 | 1.48% | Shares |
| Swedbank AB | $6,301,139 | 439,410 | 1.20% | Shares |
| SCHRODER INVESTMENT MANAGEMENT GROUP | $6,154,985 | 439,328 | 1.17% | Shares |
| TUDOR INVESTMENT CORP ET AL | $5,951,932 | 415,058 | 1.14% | Shares |
| Stratos Wealth Partners, LTD. | $5,850,720 | 408,000 | 1.12% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $5,738,983 | 400,208 | 1.10% | Shares |
| GOLDMAN SACHS GROUP INC | $5,626,614 | 392,372 | 1.07% | Shares |
| CITADEL ADVISORS LLC | $5,446,332 | 379,800 | 1.04% | Call option |
| Mystic Asset Management, Inc. | $5,049,257 | 352,110 | 0.96% | Shares |
| FLPUTNAM INVESTMENT MANAGEMENT CO | $5,002,136 | 348,824 | 0.95% | Shares |
| JANE STREET GROUP, LLC | $4,700,652 | 327,800 | 0.90% | Call option |
| Phocas Financial Corp. | $4,243,306 | 295,907 | 0.81% | Shares |
| Stonepine Capital Management, LLC | $3,709,772 | 258,701 | 0.71% | Shares |
| Propel Bio Management, LLC | $3,635,821 | 253,544 | 0.69% | Shares |
| Diametric Capital, LP | $3,319,208 | 231,465 | 0.63% | Shares |
| D. E. Shaw & Co., Inc. | $3,144,074 | 219,252 | 0.60% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $2,868,000 | 200,000 | 0.55% | Shares |
| GLOBEFLEX CAPITAL L P | $2,751,903 | 191,904 | 0.53% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $2,650,290 | 184,818 | 0.51% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $2,409,550 | 168,030 | 0.46% | Shares |
| Kovack Advisors, Inc. | $2,363,595 | 171,151 | 0.45% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $2,252,814 | 157,100 | 0.43% | Call option |
| HSBC HOLDINGS PLC | $2,243,635 | 154,414 | 0.43% | Shares |
| XTX Topco Ltd | $1,923,266 | 134,119 | 0.37% | Shares |
| Caption Management, LLC | $1,720,800 | 120,000 | 0.33% | Shares |
| CREDIT AGRICOLE S A | $1,520,040 | 106,000 | 0.29% | Shares |
| Caption Management, LLC | $1,434,000 | 100,000 | 0.27% | Call option |
| Bank of New York Mellon Corp | $1,411,759 | 98,449 | 0.27% | Shares |
| TUDOR INVESTMENT CORP ET AL | $1,302,072 | 90,800 | 0.25% | Call option |
| MILLENNIUM MANAGEMENT LLC | $1,297,211 | 90,461 | 0.25% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $1,223,604 | 85,328 | 0.23% | Shares |
| OSAIC HOLDINGS, INC. | $1,131,653 | 78,918 | 0.22% | Shares |
| RHUMBLINE ADVISERS | $1,106,134 | 77,137 | 0.21% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $1,071,800 | 74,742 | 0.20% | Shares |
| HighTower Advisors, LLC | $1,036,782 | 72,300 | 0.20% | Shares |
| Simplify Asset Management Inc. | $1,014,684 | 70,759 | 0.19% | Shares |
| MARSHALL WACE, LLP | $1,007,901 | 70,286 | 0.19% | Shares |
| CAXTON ASSOCIATES LLP | $1,004,488 | 70,048 | 0.19% | Shares |
| Campbell & CO Investment Adviser LLC | $987,581 | 68,869 | 0.19% | Shares |
| TWO SIGMA INVESTMENTS, LP | $935,083 | 65,208 | 0.18% | Shares |
| Arete Wealth Advisors, LLC | $920,699 | 64,205 | 0.18% | Shares |
| IFG Advisors, LLC | $886,814 | 61,842 | 0.17% | Shares |
| CARRET ASSET MANAGEMENT, LLC | $836,022 | 58,300 | 0.16% | Shares |
| JANE STREET GROUP, LLC | $830,286 | 57,900 | 0.16% | Put option |
| AMERICAN CENTURY COMPANIES INC | $758,629 | 52,903 | 0.14% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $746,612 | 52,065 | 0.14% | Shares |
| Quantinno Capital Management LP | $711,780 | 49,636 | 0.14% | Shares |
| JPMORGAN CHASE & CO | $702,868 | 50,169 | 0.13% | Shares |
| Element Squared LLC | $664,458 | 46,336 | 0.13% | Shares |
| ALLIANCEBERNSTEIN L.P. | $657,899 | 70,590 | 0.13% | Shares |
| FEDERATED HERMES, INC. | $642,862 | 44,830 | 0.12% | Shares |
| BANK OF AMERICA CORP /DE/ | $630,329 | 43,956 | 0.12% | Shares |
| CITIGROUP INC | $595,454 | 41,524 | 0.11% | Shares |
| EntryPoint Capital, LLC | $561,784 | 39,176 | 0.11% | Shares |
| AVIVA PLC | $514,161 | 35,855 | 0.10% | Shares |
| PRUDENTIAL FINANCIAL INC | $502,187 | 35,020 | 0.10% | Shares |
| BARCLAYS PLC | $499,046 | 34,801 | 0.10% | Shares |
| MetLife Investment Management, LLC | $495,103 | 34,526 | 0.09% | Shares |
| CITADEL ADVISORS LLC | $493,296 | 34,400 | 0.09% | Put option |
| STRS OHIO | $451,710 | 31,500 | 0.09% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $387,266 | 27,006 | 0.07% | Shares |
| WINTON GROUP Ltd | $348,964 | 24,335 | 0.07% | Shares |
| BlackRock, Inc. | $345,436 | 24,089 | 0.07% | Shares |
| PRELUDE CAPITAL MANAGEMENT, LLC | $338,998 | 23,640 | 0.06% | Shares |
| Invesco Ltd. | $334,696 | 23,340 | 0.06% | Shares |
| Brevan Howard Capital Management LP | $311,608 | 21,730 | 0.06% | Shares |
| JANE STREET GROUP, LLC | $309,801 | 21,604 | 0.06% | Shares |
| Vanguard Global Advisers, LLC | $290,328 | 20,246 | 0.06% | Shares |
| Quaker Wealth Management, LLC | $277,723 | 19,367 | 0.05% | Shares |
| Police & Firemen's Retirement System of New Jersey | $263,698 | 18,389 | 0.05% | Shares |
| Creative Planning | $234,430 | 16,348 | 0.04% | Shares |
| LPL Financial LLC | $224,923 | 15,685 | 0.04% | Shares |
| PROFUND ADVISORS LLC | $222,643 | 15,526 | 0.04% | Shares |
| Russell Investments Group, Ltd. | $221,811 | 15,468 | 0.04% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $220,305 | 15,363 | 0.04% | Shares |
| Sanctuary Advisors, LLC | $215,545 | 15,031 | 0.04% | Shares |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | $215,100 | 15,000 | 0.04% | Shares |
| BAILARD, INC. | $210,798 | 14,700 | 0.04% | Shares |
| TWO SIGMA SECURITIES, LLC | $198,380 | 13,834 | 0.04% | Shares |
| City State Bank | $197,863 | 13,798 | 0.04% | Shares |
| J. Goldman & Co LP | $193,547 | 13,497 | 0.04% | Shares |
| COMMONWEALTH EQUITY SERVICES, LLC | $189,060 | 13,184 | 0.04% | Shares |
| CITADEL ADVISORS LLC | $174,475 | 12,167 | 0.03% | Shares |
| INTECH INVESTMENT MANAGEMENT LLC | $172,883 | 12,056 | 0.03% | Shares |
Company insiders 18 insiders · 6 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Travis C Mickle | President & CEO | March 29, 2016 P | 33,614 | 0 | 0 | $0 |
| Laduane R. Clifton | Chief Financial Officer & Sec | Feb. 11, 2016 A | — | 0 | 0 | $0 |
| Christal M M Mickle | VP Prod Dev | March 29, 2016 P | 2,050 | 0 | 0 | $0 |
| Sven Guenther | Exec VP R&D | Feb. 11, 2016 A | 43,852 | 0 | 0 | $0 |
| Gordon K Johnson | Chief Business Officer | Feb. 11, 2016 A | 2,000 | 0 | 0 | $0 |
| Tracy M Woody | Chief Commercial Officer | Feb. 11, 2016 A | — | 0 | 0 | $0 |
| Thomas Anderson | Director | June 4, 2026 A | — | 0 | 0 | $0 |
| Alvin Shih | Director | June 4, 2026 A | — | 0 | 0 | $0 |
| Alicia Secor | Director | June 4, 2026 A | — | 0 | 0 | $0 |
| Douglas W Calder | Director | June 4, 2026 A | — | 0 | 0 | $0 |
| Tamara A Seymour | Director | June 4, 2026 A | 3,894 | 1 | 0 | $24,733 |
| Matthew R Plooster | Director | May 24, 2016 A | 8,168 | 0 | 0 | $0 |
| Danny L Thompson | Director | May 24, 2016 A | 13,333 | 0 | 0 | $0 |
| Joseph Saluri | Director | May 24, 2016 A | 4,555 | 0 | 0 | $0 |
| Richard W Pascoe | Director | May 24, 2016 A | — | 0 | 0 | $0 |
| David S Tierney | Director | May 24, 2016 A | 5,000 | 0 | 0 | $0 |
| Rahsaan Thompson | — | Aug. 14, 2026 S | 37,569 | 0 | 2 | $-913,056 |
| Corey Michael Watton | — | Aug. 10, 2026 M | 1,800 | 0 | 1 | $-138,375 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
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 |
|---|---|---|---|---|---|
| Samuel J. Braun, ThinkSwitch Capital, LLC, ThetaBurn Investments, LLC | Dec. 1, 2021 | — | Initial filing | Capital structure | 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 34 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 |
|---|---|---|---|---|
| PTH · Invesco Exchange-Traded Fund Trust | 0.75% | 160,717 SH | Aug. 8, 2026 | Daily |
| PILL · Direxion Shares ETF Trust | 0.75% | 9,494 NS | April 30, 2026 | N-PORT |
| QQQS · Invesco Exchange-Traded Fund Trust … | 0.49% | 9,648 SH | Aug. 8, 2026 | Daily |
| DWAS · Invesco Exchange-Traded Fund Trust … | 0.34% | 133,431 SH | Aug. 8, 2026 | Daily |
| FSCC · Federated Hermes ETF Trust | 0.18% | 42,165 NS | May 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.16% | 200,601 SH | Aug. 8, 2026 | Daily |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.11% | 9,718 NS | May 31, 2026 | N-PORT |
| IBB · iShares Trust | 0.05% | 425,480 SH | Aug. 8, 2026 | Daily |
| IBBQ · Invesco Exchange-Traded Fund Trust … | 0.05% | 3,220 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.04% | 35,026 SH | Aug. 8, 2026 | Daily |
| BIB · ProShares Trust | 0.03% | 2,083 NS | May 31, 2026 | N-PORT |
| IWN · iShares Trust | 0.03% | 373,395 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.03% | 338,947 SH | Aug. 8, 2026 | Daily |
| IWM · iShares Trust | 0.02% | 1,493,637 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 19,911 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 4,925 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 24,149 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.02% | 2,622 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.01% | 194,536 NS | April 30, 2026 | N-PORT |
| IWO · iShares Trust | 0.01% | 170,567 SH | Aug. 8, 2026 | Daily |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.01% | 30,984 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 679,723 SH | Aug. 8, 2026 | Daily |
| UWM · ProShares Trust | 0.01% | 2,051 NS | May 31, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 2,077 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 1,968 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 52 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 5,004 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 18,865 SH | Aug. 8, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 3,283 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 76,451 SH | Aug. 8, 2026 | Daily |
| DFAC · Dimensional ETF Trust | 0.00% | 22,532 NS | April 30, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 6,428 NS | April 30, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 1,899,706 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 4,740 SH | Aug. 8, 2026 | Daily |