Firefly Aerospace Inc. (FLY)
Cedar Park, TX, US
Firefly Aerospace Inc. is an innovative aerospace and defense technology firm that provides advanced mission capabilities for a wide range of clients, including national security initiatives, governmental bodies, and commercial ventures. The company specializes in integrated technologies for space launches and in-orbit operations, designed to facilitate efficient access, transit, and ongoing activities within the space environment. Its suite of key offerings includes: Alpha, a rapid-response small launch vehicle; Eclipse, a robust medium-lift launch system; Blue Ghost, which provides lunar payload delivery and surface operations; Elytra, offering in-space maneuverability and satellite servicing; and Ocula, a dedicated lunar imaging service. Established in 2017, the company is based in Cedar Park, Texas.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -3.63% | +10.46% | +1.86% | +99.90% | +108.85% | +70.94% | -36.64% | -36.64% | -36.64% | -36.64% | -36.64% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 4 | 0 |
| Hold | 3 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
| Period | # Analysts | Avg Target |
|---|---|---|
| Last Month | 3 |
44.00
+73.5%
|
| Last Quarter | 4 |
41.25
+62.7%
|
| Last Year | 11 |
42.45
+67.4%
|
| All Time | 11 |
42.45
+67.4%
|
-
Revenue growth Aerospace & Defense: +16.7%+163.0% ★ Q1'26: +44.8% (vs Q1'25)
-
EPS growth Aerospace & Defense: +33.8%-161.0% Q1'26: -21.2% (vs Q1'25)
-
FCF margin Aerospace & Defense: +35.8%-142.2% Q1'26: -97.5% (vs Q1'25)
-
EBIT margin Aerospace & Defense: +10.0%-154.3% Q1'26: -118.3% (vs Q1'25)
-
ROIC Aerospace & Defense: +7.2%-35.2% Q1'26: -63.1% (vs Q1'25)
-
Share dilution Aerospace & Defense: +0.0%-51.8% ★ Q1'26: +11.1% (vs Q1'25)
-
Debt / EBITDA Aerospace & Defense: 0.01×-1.39× Q1'26: -0.17× (vs Q1'25)
| Metric |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 7 Rev. Ana. 4 EPS Ana. |
Dec 2027 7 Rev. Ana. 5 EPS Ana. |
Dec 2028 6 Rev. Ana. 3 EPS Ana. |
Dec 2029 5 Rev. Ana. 1 EPS Ana. |
Dec 2030 3 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
508.43M
est.
|
435.50M
est.
|
384.81M
est.
|
436.72M
est.
|
55.24M
est: 497.37M (-88.9%)
|
60.79M
est: 102.81M (-40.9%)
|
159.86M
est: 154.30M (+3.6%)
|
436.48M
431.44M – 442.45M
+182.9% YoY
|
700.51M
633.80M – 746.58M
+60.5% YoY
|
1.16B
1.13B – 1.18B
+65.1% YoY
|
1.75B
1.63B – 1.84B
+51.0% YoY
|
2.17B
2.02B – 2.28B
+24.2% YoY
|
| EBITDA |
209.86M
est.
|
-129.94M
est.
|
-108.97M
est.
|
-160.45M
est.
|
-126.79M
est: -227.83M (+44.3%)
|
-198.22M
est: -102.81M (-92.8%)
|
-222.03M
est: -154.30M (-43.9%)
|
-436.48M
-442.45M – -431.44M
-182.9% YoY
|
-700.51M
-746.58M – -633.80M
-60.5% YoY
|
-1.16B
-1.18B – -1.13B
-65.1% YoY
|
-1.75B
-1.84B – -1.63B
-51.0% YoY
|
-2.17B
-2.28B – -2.02B
-24.2% YoY
|
| EBIT |
326.28M
est.
|
256.09M
est.
|
269.20M
est.
|
311.54M
est.
|
-131.49M
est: 362.20M (-136.3%)
|
-210.76M
est: -102.81M (-105.0%)
|
-246.58M
est: -154.30M (-59.8%)
|
-436.48M
-442.45M – -431.44M
-182.9% YoY
|
-700.51M
-746.58M – -633.80M
-60.5% YoY
|
-1.16B
-1.18B – -1.13B
-65.1% YoY
|
-1.75B
-1.84B – -1.63B
-51.0% YoY
|
-2.17B
-2.28B – -2.02B
-24.2% YoY
|
| Net Income |
188.76M
est.
|
-323.44M
est.
|
-467.78M
est.
|
-589.62M
est.
|
-135.46M
est: -743.54M (+81.8%)
|
-231.13M
est: -1.55B (+85.1%)
|
-298.34M
est: -186.00M (-60.4%)
|
-125.38M
-180.17M – -70.60M
+32.6% YoY
|
-71.73M
-124.83M – -18.64M
+42.8% YoY
|
-64.28M
-1.44B – 2.43B
+10.4% YoY
|
34.60M
31.60M – 36.94M
+153.8% YoY
|
175.78M
160.52M – 187.65M
+408.0% YoY
|
| SGA |
30.11M
est.
|
73.58M
est.
|
104.78M
est.
|
121.91M
est.
|
40.61M
est: 142.52M (-71.5%)
|
46.85M
est: 71.16M (-34.2%)
|
91.25M
est: 106.80M (-14.6%)
|
302.13M
298.64M – 306.25M
+182.9% YoY
|
484.88M
438.71M – 516.77M
+60.5% YoY
|
800.55M
785.16M – 815.93M
+65.1% YoY
|
1.21B
1.13B – 1.27B
+51.0% YoY
|
1.50B
1.40B – 1.58B
+24.2% YoY
|
| EPS |
5.46
est.
|
2.63
est.
|
1.26
est.
|
1.28
est.
|
-1.09
est: 1.28 (-185.0%)
|
-1.85
est: -22.62 (+91.8%)
|
-2.21
est: -2.67 (+17.1%)
|
-1.92
-2.60 – -1.02
+27.9% YoY
|
-1.28
-1.80 – -0.27
+33.6% YoY
|
-0.44
-20.82 – 35.16
+65.5% YoY
|
0.50
0.46 – 0.53
+213.4% YoY
|
2.54
2.32 – 2.71
+408.0% YoY
|
| Date | Firm | Previous | New Grade | Action |
|---|---|---|---|---|
| 2026-05-05 | Morgan Stanley | Equal Weight | Equal Weight | Maintain |
| 2026-04-20 | Goldman Sachs | Neutral | Neutral | Maintain |
| 2026-04-17 | Roth Capital | Buy | Buy | Maintain |
| 2026-04-13 | Jefferies | Buy | Buy | Maintain |
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-08 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-07 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-06 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-05 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-04 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 | 1/5 | 2/5 |
| 2026-05-01 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-30 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-29 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-28 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-27 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-24 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-23 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-22 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-21 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-20 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-17 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-16 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-15 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-14 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-13 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
| 2026-04-10 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 | 1/5 | 2/5 |
Owner Earnings
Ownership Overview
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BBGP Aircraft Holdings Limited | 4.56M | 13.60% | — | 4.56M | — | 10.00 | CO | Cayman Islands | 2007-10-12 | ↗ |
| 2 | BBGP Managing General Partner Ltd | 4.56M | 13.60% | — | 4.56M | — | 10.00 | CO | Cayman Islands | 2007-10-12 | ↗ |
| 3 | Babcock & Brown International Pty Ltd | 4.42M | 13.20% | — | 4.42M | — | 10.00 | CO | Australia | 2007-10-12 | ↗ |
| 4 | Babcock & Brown Investment Holdings Pty Ltd | 4.42M | 13.20% | — | 4.42M | — | 10.00 | CO | Australia | 2007-10-12 | ↗ |
| 5 | Babcock & Brown Limited | 4.42M | 13.20% | — | 4.42M | — | 10.00 | CO | Australia | 2007-10-12 | ↗ |
| 6 | Carlyle Aviation Elevate Ltd. | 3.72M | 8.18% | — | 3.72M | — | 10.00 | HC, CO | Cayman Islands | 2021-04-06 | ↗ |
| 7 | Carlyle Aviation Services V LP | 3.72M | 8.18% | — | 3.72M | — | 10.00 | PN | Cayman Islands | 2021-04-06 | ↗ |
| 8 | Carlyle Aviation Services V UGP Ltd. | 3.72M | 8.18% | — | 3.72M | — | 10.00 | CO | Cayman Islands | 2021-04-06 | ↗ |
| 9 | Robert G. Korn | 3.72M | 8.18% | — | 3.72M | — | 10.00 | IN | United States of America | 2021-04-06 | ↗ |
| 10 | SASOF International Master Fund V LP | 3.72M | 8.18% | — | 3.72M | — | 10.00 | PN | Cayman Islands | 2021-04-06 | ↗ |
| 11 | William D. Hoffman | 3.72M | 8.18% | — | 3.72M | — | 10.00 | IN | United States of America | 2021-04-06 | ↗ |
| 12 | Neuberger Berman Inc. | 3.59M | 10.68% | 2.82M | — | — | 3.59M | HC | Delaware | 2008-02-08 | ↗ |
| 13 | AirAsia Group Berhad | 3.33M | 10.20% | 3.33M | — | 3.33M | — | OO | Malaysia | 2018-09-04 | ↗ |
| 14 | 13-2807845 | 2.77M | 11.00% | — | — | — | — | IA | — | 2021-02-11 | ↗ |
| 15 | Atwood Porter Collins | 2.35M | 5.70% | — | 2.35M | — | 2.35M | IN | US Citizen | 2016-01-22 | ↗ |
| 16 | Daniel Jonathan Moses | 2.35M | 5.70% | — | 2.35M | — | 2.35M | IN | US Citizen | 2016-01-22 | ↗ |
| 17 | Seawolf Capital, LLC | 2.35M | 5.70% | — | 2.35M | — | 2.35M | IA | Delaware | 2016-01-22 | ↗ |
| 18 | Seawolf Master Fund, Ltd. | 2.35M | 5.70% | — | 2.35M | — | 2.35M | CO | Delaware | 2016-01-22 | ↗ |
| 19 | Vincent Daniel | 2.35M | 5.70% | — | 2.35M | — | 2.35M | IN | US Citizen | 2016-01-22 | ↗ |
| 20 | Thornburg Investment Management Inc. | 1.94M | 6.42% | 1.94M | — | 1.94M | — | IA | Santa Fe, New Mexico | 2010-01-08 | ↗ |
| 21 | Israel A. Englander | 1.92M | 6.30% | — | 1.92M | — | 1.92M | IN | — | 2021-04-19 | ↗ |
| 22 | Millennium Group Management LLC | 1.92M | 6.30% | — | 1.92M | — | 1.92M | OO | — | 2021-04-19 | ↗ |
| 23 | Millennium Management LLC | 1.92M | 6.30% | — | 1.92M | — | 1.92M | OO | — | 2021-04-19 | ↗ |
| 24 | Neuberger Berman Group LLC | 1.90M | 6.26% | 1.22M | — | — | 1.90M | HC | Delaware | 2009-06-11 | ↗ |
| 25 | Gerald W. Schwartz | 1.75M | 6.30% | — | 1.75M | — | 1.75M | IN | Canada | 2013-01-09 | ↗ |
| 26 | Onex Corporation | 1.74M | 6.20% | — | 1.74M | — | 1.74M | FI, CO | Ontario, Canada | 2013-01-09 | ↗ |
| 27 | Glazer Capital, LLC | 1.61M | 5.29% | — | 1.61M | — | — | IA, OO | State of Delaware | 2021-06-28 | ↗ |
| 28 | Paul J. Glazer | 1.61M | 5.29% | — | 1.61M | — | — | IN | United States | 2021-06-28 | ↗ |
| 29 | 1,567,854 | 1.57M | 5.07% | — | 1.57M | — | 1.57M | CO | — | 2020-03-20 | ↗ |
| 30 | Steven Zissis | 1.50M | 5.40% | — | 1.50M | — | 10.00 | IN | United States | 2013-01-09 | ↗ |
| 31 | Zissis Family Trust | 1.50M | 5.40% | — | 1.50M | — | 10.00 | OO | Nevada | 2013-01-09 | ↗ |
| 32 | Summit Aviation Partners LLC | 1.44M | 5.10% | — | 1.44M | — | 10.00 | OO | Delaware | 2013-01-09 | ↗ |
| 33 | Integrated Core Strategies (US) LLC | 1.32M | 4.30% | — | 1.32M | — | 1.32M | OO | — | 2021-04-19 | ↗ |
| 34 | Onex Partners GP Inc. | 1.29M | 4.60% | — | 1.29M | — | 1.29M | CO | Delaware | 2013-01-09 | ↗ |
| 35 | Onex Partners III GP LP | 1.29M | 4.60% | — | 1.29M | — | 1.29M | PN | Delaware | 2013-01-09 | ↗ |
| 36 | Onex Partners III LP | 1.23M | 4.40% | — | 1.23M | — | 1.23M | PN | Delaware | 2013-01-09 | ↗ |
| 37 | Millennium International Management LP | 595.7K | 2.00% | — | 595.7K | — | 595.7K | PN | — | 2021-04-19 | ↗ |
| 38 | ICS Opportunities, Ltd. | 557.6K | 1.80% | — | 557.6K | — | 557.6K | CO | — | 2021-04-19 | ↗ |
| 39 | ICS Opportunities II LLC | 38.1K | 0.10% | — | 38.1K | — | 38.1K | OO | — | 2021-04-19 | ↗ |
| 40 | 1597257 Ontario Inc. | 17.5K | 0.10% | — | 17.5K | — | 17.5K | FI, CO | Ontario, Canada | 2013-01-09 | ↗ |
| 41 | American Farm Investment Corporation | 17.5K | 0.10% | — | 17.5K | — | 17.5K | FI, CO | Ontario | 2013-01-09 | ↗ |
| 42 | New PCo Investments Ltd. | 17.5K | 0.10% | — | 17.5K | — | 17.5K | FI, CO | Ontario, Canada | 2013-01-09 | ↗ |
| 43 | ONCAN Canadian Holdings Ltd. | 17.5K | 0.10% | — | 17.5K | — | 17.5K | FI, CO | Ontario, Canada | 2013-01-09 | ↗ |
| 44 | Onex Partners III PV LP | 15.6K | 0.10% | — | 15.6K | — | 15.6K | PN | Delaware | 2013-01-09 | ↗ |
| 45 | Onex Partners III Select LP | 4.0K | 0.00% | — | 4.0K | — | 4.0K | PN | Delaware | 2013-01-09 | ↗ |
| 46 | Onex US Principals LP | 3.8K | 0.00% | — | 3.8K | — | 3.8K | PN | Delaware | 2013-01-09 | ↗ |
Institutional Activity (13F)
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | AE INDUSTRIAL PARTNERS, LP | 35.23M -1.1M (-2.9%) | 788.04M -275.8M (-25.9%) | 23.78% -0.713 pp | 49.06% -4.508 pp | USD29.32 -23.7% | 2 qtrs — |
| 2 | VANGUARD GROUP INC | 1.96M +141.3K (+7.8%) | 43.91M -9.5M (-17.8%) | 1.33% +0.095 pp | 0.00% 0.000 pp | USD28.82 -22.4% | 2 qtrs — |
| 3 | UBS GROUP AG | 1.77M +1.2M (+233.6%) | 39.68M +24.1M (+154.5%) | 1.20% +0.838 pp | 0.01% +0.004 pp | USD24.45 -8.5% | 2 qtrs — |
| 4 | BLACKROCK, INC. | 1.45M +454.3K (+45.4%) | 32.53M +3.2M (+11.0%) | 0.98% +0.307 pp | 0.00% +0.000 pp | USD27.15 -17.6% | 2 qtrs — |
| 5 | CAPITAL WORLD INVESTORS | 1.21M +— (+0.0%) | 26.96M -8.4M (-23.7%) | 0.81% +0.000 pp | 0.00% -0.001 pp | USD29.32 -23.7% | 2 qtrs — |
| 6 | TEMASEK HOLDINGS (PRIVATE) LTD | 1.07M +643.9K (+151.3%) | 23.93M +11.4M (+91.7%) | 0.72% +0.435 pp | 0.08% +0.033 pp | USD25.14 -11.0% | 2 qtrs — |
| 7 | PRICE T ROWE ASSOCIATES INC /MD/ | 869.9K -991.4K (-53.3%) | 19.46M -35.1M (-64.3%) | 0.59% -0.669 pp | 0.00% -0.004 pp | USD29.32 -23.7% | 2 qtrs — |
| 8 | WCM INVESTMENT MANAGEMENT, LLC | 681.3K +20.1K (+3.0%) | 15.48M -9.0M (-36.7%) | 0.46% +0.014 pp | 0.03% -0.019 pp | USD29.11 -23.2% | 2 qtrs — |
| 9 | JPMORGAN CHASE & CO | 661.3K -2.8K (-0.4%) | 14.79M -4.7M (-24.0%) | 0.45% -0.002 pp | 0.00% 0.000 pp | USD29.32 -23.7% | 2 qtrs — |
| 10 | PHOENIX HOLDINGS LTD. | 660.1K +166.6K (+33.8%) | 14.77M +296.7K (+2.1%) | 0.45% +0.113 pp | 0.16% -0.016 pp | USD27.57 -18.9% | 2 qtrs — |
| 11 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 621.3K +529.7K (+578.3%) | 13.90M +11.2M (+417.5%) | 0.42% +0.358 pp | 0.00% +0.001 pp | USD23.39 -4.4% | 2 qtrs — |
| 12 | TUDOR INVESTMENT CORP ET AL | 608.7K -70.0K (-10.3%) | 13.62M -6.3M (-31.6%) | 0.41% -0.047 pp | 0.03% -0.009 pp | USD29.32 -23.7% | 2 qtrs — |
| 13 | GEODE CAPITAL MANAGEMENT, LLC | 608.2K +292.8K (+92.8%) | 13.61M +4.4M (+47.1%) | 0.41% +0.198 pp | 0.00% +0.000 pp | USD25.97 -13.9% | 2 qtrs — |
| 14 | INVESCO LTD. | 518.9K +518.9K (+100.0%) | 11.61M +11.6M (+100.0%) | 0.35% +0.350 pp | 0.00% +0.002 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 15 | BLUECREST CAPITAL MANAGEMENT LTD | 478.7K +— (+0.0%) | 10.71M -3.3M (-23.7%) | 0.32% +0.000 pp | 0.32% +0.004 pp | USD29.32 -23.7% | 2 qtrs — |
| 16 | BALYASNY ASSET MANAGEMENT L.P. | 457.3K +457.3K (+100.0%) | 10.23M +10.2M (+100.0%) | 0.31% +0.309 pp | 0.01% +0.013 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 17 | TWO SIGMA INVESTMENTS, LP | 435.9K +397.4K (+1,033.1%) | 9.75M +8.6M (+764.5%) | 0.29% +0.268 pp | 0.01% +0.012 pp | USD22.98 -2.7% | 2 qtrs — |
| 18 | STATE STREET CORP | 391.3K +315.1K (+413.5%) | 8.75M +6.5M (+291.8%) | 0.26% +0.213 pp | 0.00% +0.000 pp | USD23.72 -5.7% | 2 qtrs — |
| 19 | NORGES BANK | 360.0K +360.0K (+100.0%) | 8.05M +8.1M (+100.0%) | 0.24% +0.243 pp | 0.00% +0.001 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 20 | JENNISON ASSOCIATES LLC | 356.7K +20.4K (+6.1%) | 7.98M -1.9M (-19.1%) | 0.24% +0.014 pp | 0.00% -0.001 pp | USD28.92 -22.6% | 2 qtrs — |
| 21 | AMERICAN CENTURY COMPANIES INC | 335.1K -87.5K (-20.7%) | 7.50M -4.9M (-39.5%) | 0.23% -0.059 pp | 0.00% -0.003 pp | USD29.32 -23.7% | 2 qtrs — |
| 22 | FMR LLC | 301.6K -426.3K (-58.6%) | 6.75M -14.6M (-68.4%) | 0.20% -0.288 pp | 0.00% -0.001 pp | USD29.32 -23.7% | 2 qtrs — |
| 23 | CITADEL ADVISORS LLC | 286.4K +87.3K (+43.8%) | 6.41M +569.2K (+9.7%) | 0.19% +0.059 pp | 0.00% +0.000 pp | USD27.20 -17.8% | 2 qtrs — |
| 24 | PENSERRA CAPITAL MANAGEMENT LLC | 280.4K +154.2K (+122.2%) | 6.27M +2.6M (+69.6%) | 0.19% +0.104 pp | 0.07% +0.030 pp | USD25.50 -12.3% | 2 qtrs — |
| 25 | MILLENNIUM MANAGEMENT LLC | 263.5K -59.3K (-18.4%) | 5.89M -3.6M (-37.7%) | 0.18% -0.040 pp | 0.00% -0.002 pp | USD29.32 -23.7% | 2 qtrs — |
| 26 | FREESTONE GROVE PARTNERS LP | 250.0K +47.2K (+23.3%) | 5.59M -354.2K (-6.0%) | 0.17% +0.032 pp | 0.04% -0.004 pp | USD28.01 -20.1% | 2 qtrs — |
| 27 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 240.0K -40.0K (-14.3%) | 5.37M -2.8M (-34.6%) | 0.16% -0.027 pp | 0.01% -0.006 pp | USD29.32 -23.7% | 2 qtrs — |
| 28 | CITIGROUP INC | 240.0K +240.0K (+100.0%) | 5.37M +5.4M (+100.0%) | 0.16% +0.162 pp | 0.00% +0.002 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 29 | LA BANQUE POSTALE ASSET MANAGEMENT SA | 223.9K +162.6K (+265.5%) | 5.01M +3.2M (+178.9%) | 0.15% +0.110 pp | 0.06% +0.036 pp | USD24.27 -7.8% | 2 qtrs — |
| 30 | HUDSON BAY CAPITAL MANAGEMENT LP | 220.0K +220.0K (+100.0%) | 4.92M +4.9M (+100.0%) | 0.15% +0.149 pp | 0.02% +0.016 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 31 | ALYESKA INVESTMENT GROUP, L.P. | 211.4K +100.0K (+89.8%) | 4.73M +1.5M (+44.8%) | 0.14% +0.068 pp | 0.01% +0.004 pp | USD26.03 -14.1% | 2 qtrs — |
| 32 | MAREX GROUP PLC | 204.1K +204.1K (+100.0%) | 4.57M +4.6M (+100.0%) | 0.14% +0.138 pp | 0.03% +0.029 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 33 | BANK OF AMERICA CORP /DE/ | 192.0K +73.4K (+61.9%) | 4.29M +817.2K (+23.5%) | 0.13% +0.050 pp | 0.00% +0.000 pp | USD26.66 -16.1% | 2 qtrs — |
| 34 | MORGAN STANLEY | 173.3K +78.0K (+81.8%) | 3.88M +1.1M (+38.7%) | 0.12% +0.053 pp | 0.00% +0.000 pp | USD26.19 -14.6% | 2 qtrs — |
| 35 | GHISALLO CAPITAL MANAGEMENT LLC | 160.0K +— (+0.0%) | 3.58M -1.1M (-23.7%) | 0.11% +0.000 pp | 0.16% +0.006 pp | USD29.32 -23.7% | 2 qtrs — |
| 36 | NORTHERN TRUST CORP | 155.2K +118.2K (+319.6%) | 3.47M +2.4M (+220.1%) | 0.10% +0.080 pp | 0.00% +0.000 pp | USD24.03 -6.9% | 2 qtrs — |
| 37 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 152.1K +40.9K (+36.8%) | 3.40M +142.2K (+4.4%) | 0.10% +0.028 pp | 0.00% +0.000 pp | USD27.45 -18.5% | 2 qtrs — |
| 38 | LMR PARTNERS LLP | 151.5K +— (+0.0%) | 3.39M -1.1M (-23.7%) | 0.10% +0.000 pp | 0.01% -0.013 pp | USD29.32 -23.7% | 2 qtrs — |
| 39 | SEVEN GRAND MANAGERS, LLC | 150.0K +— (+0.0%) | 3.36M -1.0M (-23.7%) | 0.10% +0.000 pp | 0.26% -0.102 pp | USD29.32 -23.7% | 2 qtrs — |
| 40 | MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. | 124.9K +103.3K (+478.2%) | 2.97M +2.3M (+368.6%) | 0.08% +0.070 pp | 0.00% +0.002 pp | USD23.57 -5.1% | 2 qtrs — |
| 41 | PEAK6 LLC | 132.3K +132.3K (+100.0%) | 2.96M +3.0M (+100.0%) | 0.09% +0.089 pp | 0.01% +0.006 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 42 | TEACHER RETIREMENT SYSTEM OF TEXAS | 130.8K +— (+0.0%) | 2.93M -909.3K (-23.7%) | 0.09% +0.000 pp | 0.01% -0.005 pp | USD29.32 -23.7% | 2 qtrs — |
| 43 | GOLDMAN SACHS GROUP INC | 128.8K +31.1K (+31.8%) | 2.88M +15.8K (+0.6%) | 0.09% +0.021 pp | 0.00% +0.000 pp | USD27.64 -19.1% | 2 qtrs — |
| 44 | JANE STREET GROUP, LLC | 128.2K +49.7K (+63.3%) | 2.87M +566.2K (+24.6%) | 0.09% +0.034 pp | 0.00% +0.000 pp | USD26.63 -16.0% | 2 qtrs — |
| 45 | BURKEHILL GLOBAL MANAGEMENT, LP | 125.0K +— (+0.0%) | 2.80M -868.8K (-23.7%) | 0.08% +0.000 pp | 0.18% -0.024 pp | USD29.32 -23.7% | 2 qtrs — |
| 46 | MARSHALL WACE, LLP | 124.0K +109.0K (+724.2%) | 2.77M +2.3M (+528.9%) | 0.08% +0.074 pp | 0.00% +0.002 pp | USD23.21 -3.6% | 2 qtrs — |
| 47 | RAYMOND JAMES FINANCIAL INC | 120.3K +120.3K (+100.0%) | 2.69M +2.7M (+100.0%) | 0.08% +0.081 pp | 0.00% +0.001 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 48 | LIONTRUST INVESTMENT PARTNERS LLP | 114.1K +53.1K (+86.9%) | 2.55M +762.8K (+42.6%) | 0.08% +0.036 pp | 0.04% +0.013 pp | USD26.09 -14.3% | 2 qtrs — |
| 49 | IMC-CHICAGO, LLC | 107.2K +107.2K (+100.0%) | 2.40M +2.4M (+100.0%) | 0.07% +0.072 pp | 0.00% +0.001 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 50 | WELLS FARGO & COMPANY/MN | 97.0K +95.8K (+7,981.5%) | 2.17M +2.1M (+6,065.9%) | 0.07% +0.065 pp | 0.00% +0.000 pp | USD22.46 -0.4% | 2 qtrs — |
| 51 | CONCENTRIC CAPITAL STRATEGIES, LP | 92.1K +92.1K (+100.0%) | 2.06M +2.1M (+100.0%) | 0.06% +0.062 pp | 0.10% +0.099 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 52 | CAPITAL FUND MANAGEMENT S.A. | 91.6K +91.6K (+100.0%) | 2.05M +2.0M (+100.0%) | 0.06% +0.062 pp | 0.01% +0.006 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 53 | GROUP ONE TRADING, L.P. | 86.2K +67.9K (+370.0%) | 1.93M +1.4M (+258.6%) | 0.06% +0.046 pp | 0.00% +0.002 pp | USD23.85 -6.2% | 2 qtrs — |
| 54 | NEUBERGER BERMAN GROUP LLC | 73.0K -1.0K (-1.4%) | 1.63M -538.1K (-24.8%) | 0.05% -0.001 pp | 0.00% 0.000 pp | USD29.32 -23.7% | 2 qtrs — |
| 55 | SHAY CAPITAL LLC | 62.8K -60.0K (-48.9%) | 1.40M -2.2M (-61.0%) | 0.04% -0.041 pp | 0.15% -0.167 pp | USD29.32 -23.7% | 2 qtrs — |
| 56 | NEEDHAM INVESTMENT MANAGEMENT LLC | 60.0K +20.0K (+50.0%) | 1.34M +169.4K (+14.4%) | 0.04% +0.014 pp | 0.08% +0.003 pp | USD27.00 -17.1% | 2 qtrs — |
| 57 | BANK OF NEW YORK MELLON CORP | 58.8K +58.8K (+100.0%) | 1.31M +1.3M (+100.0%) | 0.04% +0.040 pp | 0.00% +0.000 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 58 | STRATOS WEALTH PARTNERS, LTD. | 48.7K +48.7K (+100.0%) | 1.09M +1.1M (+100.0%) | 0.03% +0.033 pp | 0.01% +0.012 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 59 | HUNTLEIGH ADVISORS, INC. | 45.3K +45.3K (+100.0%) | 1.01M +1.0M (+100.0%) | 0.03% +0.031 pp | 0.17% +0.171 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 60 | LPL FINANCIAL LLC | 44.4K +33.7K (+314.1%) | 994.1K +679.5K (+215.9%) | 0.03% +0.023 pp | 0.00% +0.000 pp | USD24.05 -7.0% | 2 qtrs — |
| 61 | AMERIPRISE FINANCIAL INC | 44.2K -12.7K (-22.3%) | 989.2K -678.3K (-40.7%) | 0.03% -0.009 pp | 0.00% 0.000 pp | USD29.32 -23.7% | 2 qtrs — |
| 62 | MML INVESTORS SERVICES, LLC | 41.3K +41.3K (+100.0%) | 924.5K +924.5K (+100.0%) | 0.03% +0.028 pp | 0.00% +0.002 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 63 | BARCLAYS PLC | 33.6K +25.0K (+292.0%) | 751.3K +500.1K (+199.1%) | 0.02% +0.017 pp | 0.00% +0.000 pp | USD24.14 -7.3% | 2 qtrs — |
| 64 | VERITION FUND MANAGEMENT LLC | 32.0K -411.7K (-92.8%) | 715.8K -12.3M (-94.5%) | 0.02% -0.278 pp | 0.00% -0.051 pp | USD29.32 -23.7% | 2 qtrs — |
| 65 | FIRST TRUST ADVISORS LP | 30.1K +30.1K (+100.0%) | 673.5K +673.5K (+100.0%) | 0.02% +0.020 pp | 0.00% +0.001 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 66 | CAITONG INTERNATIONAL ASSET MANAGEMENT CO., LTD | 28.7K +16.7K (+140.2%) | 641.8K +291.6K (+83.3%) | 0.02% +0.011 pp | 0.16% -0.087 pp | USD25.26 -11.4% | 2 qtrs — |
| 67 | ALLIANCEBERNSTEIN L.P. | 28.7K +28.7K (+100.0%) | 641.3K +641.3K (+100.0%) | 0.02% +0.019 pp | 0.00% +0.000 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 68 | DEUTSCHE BANK AG\ | 25.7K -10.7K (-29.4%) | 574.6K -491.7K (-46.1%) | 0.02% -0.007 pp | 0.00% 0.000 pp | USD29.32 -23.7% | 2 qtrs — |
| 69 | NUVEEN, LLC | 25.4K +25.4K (+100.0%) | 568.2K +568.2K (+100.0%) | 0.02% +0.017 pp | 0.00% +0.000 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 70 | MYDA ADVISORS LLC | 25.0K +25.0K (+100.0%) | 559.3K +559.3K (+100.0%) | 0.02% +0.017 pp | 0.11% +0.107 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 71 | RHUMBLINE ADVISERS | 23.9K +23.9K (+100.0%) | 535.1K +535.1K (+100.0%) | 0.02% +0.016 pp | 0.00% +0.000 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 72 | RENAISSANCE TECHNOLOGIES LLC | 23.5K +23.5K (+100.0%) | 525.7K +525.7K (+100.0%) | 0.02% +0.016 pp | 0.00% +0.001 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 73 | POLYMER CAPITAL MANAGEMENT (US) LLC | 22.5K +— (+0.0%) | 503.3K -156.4K (-23.7%) | 0.02% +0.000 pp | 0.05% -0.017 pp | USD29.32 -23.7% | 2 qtrs — |
| 74 | — | 20.0K +20.0K (+100.0%) | 447.4K +447.4K (+100.0%) | 0.01% +0.014 pp | 0.32% +0.317 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 75 | CAPTION MANAGEMENT, LLC | 18.8K +18.8K (+100.0%) | 420.6K +420.6K (+100.0%) | 0.01% +0.013 pp | 0.00% +0.003 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 76 | SIMPLEX TRADING, LLC | 17.5K -26.9K (-60.5%) | 392.2K -908.8K (-69.9%) | 0.01% -0.018 pp | 0.00% 0.000 pp | USD29.32 -23.7% | 2 qtrs — |
| 77 | VIRTU FINANCIAL LLC | 14.8K +7.6K (+104.0%) | 332.0K +119.0K (+55.9%) | 0.01% +0.005 pp | 0.01% +0.001 pp | USD25.78 -13.2% | 2 qtrs — |
| 78 | CERITY PARTNERS LLC | 14.2K +3.5K (+32.4%) | 316.9K +3.1K (+1.0%) | 0.01% +0.002 pp | 0.00% +0.000 pp | USD27.62 -19.0% | 2 qtrs — |
| 79 | METLIFE INVESTMENT MANAGEMENT, LLC | 12.3K +12.3K (+100.0%) | 275.9K +275.9K (+100.0%) | 0.01% +0.008 pp | 0.00% +0.001 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 80 | ROYAL BANK OF CANADA | 11.9K -229.7K (-95.1%) | 265.0K -6.8M (-96.3%) | 0.01% -0.155 pp | 0.00% -0.001 pp | USD29.32 -23.7% | 2 qtrs — |
| 81 | TOWER RESEARCH CAPITAL LLC (TRC) | 11.2K +10.2K (+1,030.8%) | 251.4K +222.3K (+762.7%) | 0.01% +0.007 pp | 0.01% +0.005 pp | USD22.98 -2.7% | 2 qtrs — |
| 82 | FIFTH LANE CAPITAL, LP | 11.2K +11.2K (+100.0%) | 249.4K +249.4K (+100.0%) | 0.01% +0.008 pp | 0.19% +0.189 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 83 | RESOLUTE ADVISORS LLC | 10.7K +10.7K (+100.0%) | 239.4K +239.4K (+100.0%) | 0.01% +0.007 pp | 0.08% +0.078 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 84 | KINGSVIEW WEALTH MANAGEMENT, LLC | 10.7K +10.7K (+100.0%) | 238.9K +238.9K (+100.0%) | 0.01% +0.007 pp | 0.00% +0.003 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 85 | J. SAFRA SARASIN HOLDING AG | 10.2K +10.2K (+100.0%) | 228.0K +228.0K (+100.0%) | 0.01% +0.007 pp | 0.00% +0.004 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 86 | CANAL INSURANCE CO | 10.0K +— (+0.0%) | 224.0K -69.0K (-23.5%) | 0.01% +0.000 pp | 0.05% -0.008 pp | USD29.32 -23.7% | 2 qtrs — |
| 87 | HAREL INSURANCE INVESTMENTS & FINANCIAL SERVICES LTD. | 10.0K +— (+0.0%) | 224.0K -69.0K (-23.5%) | 0.01% +0.000 pp | 0.00% -0.001 pp | USD29.32 -23.7% | 2 qtrs — |
| 88 | MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | 10.0K +10.0K (+100.0%) | 223.6K +223.6K (+100.0%) | 0.01% +0.007 pp | 0.00% +0.000 pp | USD22.37 +0.0% | 1 qtrs NEW |
| 89 | WALLEYE CAPITAL LLC | 9.9K +9.9K (+100.0%) | 221.5K +221.5K (+100.0%) | 0.01% +0.007 pp | 0.00% +0.001 pp | USD22.37 +0.0% | 1 qtrs NEW |
Insider Activity
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-04-17 | Wheeler David Leigh | Officer | M-Exempt | D | Employee Stock Option (right to buy) | 3,766 | 2.31 | 8.7K | 299,757 | D | ↗ |
| 2026-04-08 | Wu Remington | Officer | A-Award | A | Common Stock | 10,423 | 0.00 | — | 40,423 | D | ↗ |
| 2026-03-23 | Boland Ryan Michael | Director | J-Other | A | Common Stock | 122,860 | 0.00 | — | 122,860 | I | ↗ |
| 2026-03-19 | Kim Jesung | Director / Officer | A-Award | A | Common Stock | 52,836 | 0.00 | — | 941,725 | D | ↗ |
| 2026-03-10 | Wheeler David Leigh | Officer | A-Award | A | Common Stock | 25,044 | 0.00 | — | 142,758 | D | ↗ |
| 2026-03-10 | Sanchez Ramon Gilbert | Officer | A-Award | A | Common Stock | 18,493 | 0.00 | — | 118,493 | D | ↗ |
| 2026-03-10 | Ma Darren | Officer | A-Award | A | Common Stock | 26,629 | 0.00 | — | 260,943 | D | ↗ |
| 2026-03-10 | Ferring Russell Shea | Officer | A-Award | A | Common Stock | 15,756 | 0.00 | — | 542,124 | D | ↗ |
| 2026-02-25 | Zurbuchen Thomas Hansueli | Director | A-Award | A | Common Stock | 3,334 | 0.00 | — | 4,134 | D | ↗ |
| 2026-02-25 | Weiser Marc Allen | Director | A-Award | A | Common Stock | 3,334 | 0.00 | — | 3,334 | D | ↗ |
| 2026-02-25 | McAllister Kevin G | Director | A-Award | A | Common Stock | 3,334 | 0.00 | — | 3,334 | D | ↗ |
| 2026-02-25 | Lusczakoski Jonathan Donald | Director | A-Award | A | Common Stock | 3,334 | 0.00 | — | 5,556 | D | ↗ |
| 2026-02-25 | Konert Kirk Michael | Director | A-Award | A | Common Stock | 3,334 | 0.00 | — | 6,667 | D | ↗ |
| 2026-02-25 | Emerson Christopher Plummer IV | Director | A-Award | A | Common Stock | 3,334 | 0.00 | — | 3,334 | D | ↗ |
| 2026-02-25 | Braden Pamela Joyce | Director | A-Award | A | Common Stock | 3,334 | 0.00 | — | 27,586 | D | ↗ |
| 2026-02-25 | Boland Ryan Michael | Director | A-Award | A | Common Stock | 3,334 | 0.00 | — | 3,334 | D | ↗ |
| 2025-12-22 | Sanchez Ramon Gilbert | Officer | A-Award | A | Common Stock | 100,000 | 0.00 | — | 100,000 | D | ↗ |
| 2025-09-24 | Wu Remington | Officer | A-Award | A | Common Stock | 30,000 | 0.00 | — | 30,000 | D | ↗ |
| 2025-09-24 | Wheeler David Leigh | Officer | A-Award | A | Common Stock | 55,556 | 0.00 | — | 117,714 | D | ↗ |
| 2025-09-24 | Ma Darren | Officer | A-Award | A | Common Stock | 222,222 | 0.00 | — | 233,546 | D | ↗ |
| 2025-09-24 | Kim Jesung | Director / Officer | A-Award | A | Common Stock | 888,889 | 0.00 | — | 888,889 | D | ↗ |
| 2025-09-24 | Ferring Russell Shea | Officer | A-Award | A | Common Stock | 216,667 | 0.00 | — | 526,368 | D | ↗ |
| 2025-09-24 | Fermon Daniel Frank | Officer | A-Award | A | Common Stock | 88,889 | 0.00 | — | 88,889 | D | ↗ |
| 2025-08-24 | Ma Darren | Officer | A-Award | A | Common Stock | 768 | 0.00 | — | 234,314 | D | ↗ |
Executive team
Executive compensation
| # | Year | Executive | Salary | Bonus | Stock award | Option award | Incentive | Other | Total | % Stock- based |
Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2025 | Jason Kim Chief Executive Officer | 488.5K | 500.0K | 36.05M | 1.13M | — | 42.9K | 38.22M | 97.30% | ↗ |
| 2 | 2025 | Darren Ma Chief Financial Officer | 408.3K | 252.0K | 9.05M | 1.61M | — | 3.4K | 11.33M | 94.14% | ↗ |
| 3 | 2025 | Ramon Sanchez Chief Operating Officer | 13.1K | 175.0K | 11.12M | — | — | 1.6K | 11.31M | 98.32% | ↗ |
| 4 | 2024 | Jason Kim Chief Executive Officer | 115.4K | 250.0K | — | 1.78M | — | 100.3K | 2.24M | 79.25% | ↗ |
| 5 | 2024 | Darren Ma Chief Financial Officer | 383.8K | — | — | 16.3K | 175.0K | 6.1K | 581.2K | 2.80% | ↗ |
Proxy statements
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Jason Kim | Chief Executive Officer & Director | 1M | male |
| Darren Ma | Chief Financial Officer | 663.7K | male |
| Ramon Sanchez | Chief Operating Officer | 663.1K | male |
| Michael Sheetz | Director of IR | — | — |
| Olga Bai | Chief of Staff | — | female |
| Remington Wu | Chief Accounting Officer | — | — |
| Russel Shea Ferring | Chief Technology Officer | — | male |
| Trina Patterson | Vice President of Marketing & Communications | — | female |
| Brad Warezak | Chief Information Officer | — | male |
| Will Coogan | Chief Engineer of Blue Ghost | — | male |
| David Leigh Wheeler | Senior VP & General Counsel | — | male |
| John Termotto | Chief People Officer | — | male |
| Transaction Date | Disclosed | Senator | State | Owner | Type | Amount | Link |
|---|---|---|---|---|---|---|---|
| 2014-05-07 | 2014-05-16 | Susan M. Collins | ME | Spouse | Sale (Full) | $1,001 - $15,000 | ↗ |
No House trading activity found for this company.
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Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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