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Navan, Inc. (NAVN)

USD26.23 +0.10 (+0.38%)
US NASDAQ Technology Software - Application
Address 3045 Park Boulevard 94306
Palo Alto, CA, US
CEO Ariel Cohen
Website navan.com
IPO 2025-10-30
CIK 1639723 ISIN US6391931010

Explore sections of this company profile

Description

Navan, Inc. delivers an innovative, AI-powered software platform engineered to simplify the complex landscape of corporate travel and expense management. This advanced system offers comprehensive solutions for travel booking, payments, and expense tracking, benefiting individual users, client organizations, and their vendors alike. It meticulously streamlines the entire business travel process, from initial reservations and policy enforcement through payment handling, expense reconciliation, and final reporting. Navan's services cater to a wide array of markets and departments, including finance, human resources, travel managers, and inventory management. The company, which was established in 2015 and is headquartered in Palo Alto, California, was formerly known as TripActions, Inc., officially rebranding to Navan, Inc. in February 2023.

News Sentiment (7d)
66 Positive

Based on only 1 article — low confidence

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD26.23 +0.10 (+0.38%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
1.19
Float Shares
43.05M
Free Float %
18.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-11.93% -6.78% +7.61% +123.93% +36.98% +16.69% -0.35% -0.35% -0.35% -0.35% -0.35%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (13 ratings, all time) Buy
Price Targets & DCF
Current price
26.23
Low 23.00 -12.3%
Consensus 29.00 +10.6%
Median 30.00 +14.4%
High 33.00 +25.8%
DCF (Levered) 107.33 +309.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-06 Change
Strong Buy 4 0
Buy 11 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month 8
29.63
+13.0%
Last Quarter 13
25.69
-2.1%
Last Year 26
24.96
-4.8%
All Time 26
24.96
-4.8%
Quality scores
Altman Z-Score
5.85
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Software - Application: +13.0%
    +30.8% Q2'26: +39.9% (vs Q2'25)
  • EPS growth Software - Application: +28.6%
    -457.5% Q2'26: +67.2% (vs Q2'25)
  • FCF margin FCF growth · Software - Application: +45.3%
    -51.9% Q2'26: -3.1% (vs Q2'25)
  • EBIT margin Software - Application: +9.4%
    -49.1% Q2'26: -8.1% (vs Q2'25)
  • ROIC Software - Application: +7.5%
    -53.7% Q2'26: -11.8% (vs Q2'25)
  • Share dilution Software - Application: +0.0%
    -60.6% Q2'26: +0.8% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Software - Application: -1.16×
    -0.61× Q2'26: -3.54× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.29) × ERP
WACC = 92% × Ke + 8% × Kd (29.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 26.23
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Jan 2025
actual
Jan 2026
8 Rev. Ana.
6 EPS Ana.
Jan 2027
11 Rev. Ana.
7 EPS Ana.
Jan 2028
10 Rev. Ana.
7 EPS Ana.
Jan 2029
7 Rev. Ana.
2 EPS Ana.
Revenue
536.84M
est: 612.52M (-12.4%)
686.51M
686.09M – 686.90M
+12.1% YoY
911.19M
899.04M – 940.96M
+32.7% YoY
1.13B
1.10B – 1.17B
+23.7% YoY
1.36B
1.36B – 1.36B
+21.0% YoY
EBITDA
-70.62M
est: -229.31M (+69.2%)
-257.01M
-257.16M – -256.86M
-12.1% YoY
-341.13M
-352.28M – -336.58M
-32.7% YoY
-421.87M
-437.64M – -410.04M
-23.7% YoY
-510.45M
-510.59M – -510.31M
-21.0% YoY
EBIT
-95.51M
est: -269.93M (+64.6%)
-302.54M
-302.71M – -302.35M
-12.1% YoY
-401.55M
-414.67M – -396.20M
-32.7% YoY
-496.59M
-515.16M – -482.67M
-23.7% YoY
-600.86M
-601.02M – -600.69M
-21.0% YoY
Net Income
-181.08M
est: -403.48M (+55.1%)
-22.30M
-30.18M – -14.43M
+94.5% YoY
24.70M
16.46M – 32.93M
+210.7% YoY
37.55M
29.64M – 45.45M
+52.0% YoY
56.33M
-11.86M – 124.52M
+50.0% YoY
SGA
347.27M
est: 467.86M (-25.8%)
524.37M
524.05M – 524.67M
+12.1% YoY
695.99M
686.71M – 718.73M
+32.7% YoY
860.72M
836.59M – 892.90M
+23.7% YoY
1.04B
1.04B – 1.04B
+21.0% YoY
EPS
-0.73
est: -4.11 (+82.2%)
-0.23
-0.31 – -0.15
+94.4% YoY
0.25
0.17 – 0.34
+210.7% YoY
0.38
0.30 – 0.46
+52.0% YoY
0.58
-0.12 – 1.27
+50.0% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-06-11 Jefferies Buy Buy Maintain
2026-06-08 Rosenblatt Buy Buy Maintain
2026-06-05 Oppenheimer Outperform Outperform Maintain
2026-06-02 TD Cowen Buy Buy Maintain
2026-05-14 BMO Capital Outperform Outperform Maintain
2026-05-05 Morgan Stanley Overweight Overweight Maintain
2026-04-21 Oppenheimer Outperform Outperform Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-06-12 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-06-11 C- 1/5 1/5 1/5 1/5 3/5 1/5 2/5
2026-06-10 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-06-09 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-06-08 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-06-05 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-06-04 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-06-03 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-06-02 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-06-01 C 2/5 1/5 1/5 1/5 3/5 1/5 3/5
2026-05-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-26 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-01 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
29.77M
OE per share TTM
0.03
Owner's Yield
0.60%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
12.7%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
155
Total invested
1.98B
Insider transactions (90d)
0
Beneficial owners (>5%)
1
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Lightspeed Venture Partners X, L.P. 23.37M 10.00% 23.37M 23.37M 23.37M PN CAYMAN ISLANDS 2026-02-17

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
155
+35 vs prev Q
New positions
66
Closed positions
31
Increased
105
Reduced
24
Put/Call ratio
0.81
Calls held
562.6K
Puts held
456.2K
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 LIGHTSPEED MANAGEMENT COMPANY, L.L.C. 49.92M +49.9M (+100.0%) 852.66M +852.7M (+100.0%) 20.11% +20.112 pp 61.06% +61.060 pp USD17.08 +0.0% 1 qtrs NEW
2 AH CAPITAL MANAGEMENT, L.L.C. 27.20M +27.2M (+100.0%) 464.50M +464.5M (+100.0%) 10.96% +10.956 pp 29.40% +29.403 pp USD17.08 +0.0% 1 qtrs NEW
3 GREENOAKS CAPITAL PARTNERS LLC 16.05M +16.0M (+100.0%) 274.09M +274.1M (+100.0%) 6.46% +6.465 pp 9.19% +9.194 pp USD17.08 +0.0% 1 qtrs NEW
4 7.14M +7.1M (+100.0%) 121.93M +121.9M (+100.0%) 2.88% +2.876 pp 37.56% +37.560 pp USD17.08 +0.0% 1 qtrs NEW
5 NAPEAN TRADING & INVESTMENT CO (SINGAPORE) PTE LTD 5.87M +5.9M (+100.0%) 100.33M +100.3M (+100.0%) 2.37% +2.367 pp 19.52% +19.516 pp USD17.08 +0.0% 1 qtrs NEW
6 WELLINGTON MANAGEMENT GROUP LLP 5.56M +5.6M (+100.0%) 94.90M +94.9M (+100.0%) 2.24% +2.238 pp 0.02% +0.017 pp USD17.08 +0.0% 1 qtrs NEW
7 BLACKROCK, INC. 4.78M +4.8M (+100.0%) 81.63M +81.6M (+100.0%) 1.93% +1.925 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
8 VANGUARD GROUP INC 3.33M +3.3M (+100.0%) 56.85M +56.8M (+100.0%) 1.34% +1.341 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
9 ALKEON CAPITAL MANAGEMENT LLC 2.69M +2.7M (+100.0%) 45.89M +45.9M (+100.0%) 1.08% +1.082 pp 0.07% +0.073 pp USD17.08 +0.0% 1 qtrs NEW
10 VISTA EQUITY PARTNERS MANAGEMENT, LLC 2.54M +2.5M (+100.0%) 43.36M +43.4M (+100.0%) 1.02% +1.023 pp 6.50% +6.503 pp USD17.08 +0.0% 1 qtrs NEW
11 CAPITAL INTERNATIONAL INVESTORS 2.43M +2.4M (+100.0%) 41.56M +41.6M (+100.0%) 0.98% +0.980 pp 0.01% +0.007 pp USD17.08 +0.0% 1 qtrs NEW
12 PRICE T ROWE ASSOCIATES INC /MD/ 2.18M +2.2M (+100.0%) 37.15M +37.2M (+100.0%) 0.88% +0.876 pp 0.00% +0.004 pp USD17.08 +0.0% 1 qtrs NEW
13 DRAGONEER INVESTMENT GROUP, LLC 2.10M +2.1M (+100.0%) 35.79M +35.8M (+100.0%) 0.84% +0.844 pp 0.78% +0.781 pp USD17.08 +0.0% 1 qtrs NEW
14 NORGES BANK 2.00M +2.0M (+100.0%) 34.16M +34.2M (+100.0%) 0.81% +0.806 pp 0.00% +0.004 pp USD17.08 +0.0% 1 qtrs NEW
15 JENNISON ASSOCIATES LLC 1.83M +1.8M (+100.0%) 31.20M +31.2M (+100.0%) 0.74% +0.736 pp 0.02% +0.019 pp USD17.08 +0.0% 1 qtrs NEW
16 GEODE CAPITAL MANAGEMENT, LLC 1.06M +1.1M (+100.0%) 18.19M +18.2M (+100.0%) 0.43% +0.429 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
17 CITADEL ADVISORS LLC 977.6K +977.6K (+100.0%) 16.70M +16.7M (+100.0%) 0.39% +0.394 pp 0.00% +0.003 pp USD17.08 +0.0% 1 qtrs NEW
18 BALYASNY ASSET MANAGEMENT L.P. 931.2K +931.2K (+100.0%) 15.90M +15.9M (+100.0%) 0.38% +0.375 pp 0.02% +0.020 pp USD17.08 +0.0% 1 qtrs NEW
19 FREESTONE GROVE PARTNERS LP 753.4K +753.4K (+100.0%) 12.87M +12.9M (+100.0%) 0.30% +0.304 pp 0.09% +0.093 pp USD17.08 +0.0% 1 qtrs NEW
20 GOLDMAN SACHS GROUP INC 702.9K +702.9K (+100.0%) 12.01M +12.0M (+100.0%) 0.28% +0.283 pp 0.00% +0.002 pp USD17.08 +0.0% 1 qtrs NEW
21 STATE STREET CORP 672.9K +672.9K (+100.0%) 11.49M +11.5M (+100.0%) 0.27% +0.271 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
22 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 600.0K +600.0K (+100.0%) 10.25M +10.2M (+100.0%) 0.24% +0.242 pp 0.02% +0.017 pp USD17.08 +0.0% 1 qtrs NEW
23 COATUE MANAGEMENT LLC 599.3K +599.3K (+100.0%) 10.24M +10.2M (+100.0%) 0.24% +0.241 pp 0.03% +0.026 pp USD17.08 +0.0% 1 qtrs NEW
24 FRANKLIN RESOURCES INC 593.6K +593.6K (+100.0%) 10.14M +10.1M (+100.0%) 0.24% +0.239 pp 0.00% +0.003 pp USD17.08 +0.0% 1 qtrs NEW
25 UBS GROUP AG 534.2K +534.2K (+100.0%) 9.12M +9.1M (+100.0%) 0.22% +0.215 pp 0.00% +0.002 pp USD17.08 +0.0% 1 qtrs NEW
26 TEACHER RETIREMENT SYSTEM OF TEXAS 500.0K +500.0K (+100.0%) 8.54M +8.5M (+100.0%) 0.20% +0.201 pp 0.03% +0.030 pp USD17.08 +0.0% 1 qtrs NEW
27 AMERIPRISE FINANCIAL INC 432.0K +432.0K (+100.0%) 7.38M +7.4M (+100.0%) 0.17% +0.174 pp 0.00% +0.002 pp USD17.08 +0.0% 1 qtrs NEW
28 STEPSTONE GROUP LP 427.0K +427.0K (+100.0%) 7.29M +7.3M (+100.0%) 0.17% +0.172 pp 3.90% +3.903 pp USD17.08 +0.0% 1 qtrs NEW
29 J. GOLDMAN & CO LP 403.7K +403.7K (+100.0%) 6.90M +6.9M (+100.0%) 0.16% +0.163 pp 0.18% +0.182 pp USD17.08 +0.0% 1 qtrs NEW
30 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 318.5K +318.5K (+100.0%) 5.44M +5.4M (+100.0%) 0.13% +0.128 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
31 LMR PARTNERS LLP 308.8K +308.8K (+100.0%) 5.27M +5.3M (+100.0%) 0.12% +0.124 pp 0.01% +0.010 pp USD17.08 +0.0% 1 qtrs NEW
32 D. E. SHAW & CO., INC. 300.1K +300.1K (+100.0%) 5.13M +5.1M (+100.0%) 0.12% +0.121 pp 0.00% +0.003 pp USD17.08 +0.0% 1 qtrs NEW
33 BURKEHILL GLOBAL MANAGEMENT, LP 300.0K +300.0K (+100.0%) 5.12M +5.1M (+100.0%) 0.12% +0.121 pp 0.34% +0.338 pp USD17.08 +0.0% 1 qtrs NEW
34 GHISALLO CAPITAL MANAGEMENT LLC 300.0K +300.0K (+100.0%) 5.12M +5.1M (+100.0%) 0.12% +0.121 pp 0.23% +0.229 pp USD17.08 +0.0% 1 qtrs NEW
35 MARSHALL WACE, LLP 293.5K +293.5K (+100.0%) 5.01M +5.0M (+100.0%) 0.12% +0.118 pp 0.00% +0.005 pp USD17.08 +0.0% 1 qtrs NEW
36 READYSTATE ASSET MANAGEMENT LP 280.4K +280.4K (+100.0%) 4.79M +4.8M (+100.0%) 0.11% +0.113 pp 0.19% +0.194 pp USD17.08 +0.0% 1 qtrs NEW
37 NORTHERN TRUST CORP 274.6K +274.6K (+100.0%) 4.69M +4.7M (+100.0%) 0.11% +0.111 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
38 MORGAN STANLEY 274.4K +274.4K (+100.0%) 4.69M +4.7M (+100.0%) 0.11% +0.111 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
39 CINCTIVE CAPITAL MANAGEMENT LP 273.3K +273.3K (+100.0%) 4.67M +4.7M (+100.0%) 0.11% +0.110 pp 0.25% +0.253 pp USD17.08 +0.0% 1 qtrs NEW
40 EXODUSPOINT CAPITAL MANAGEMENT, LP 245.9K +245.9K (+100.0%) 4.20M +4.2M (+100.0%) 0.10% +0.099 pp 0.03% +0.033 pp USD17.08 +0.0% 1 qtrs NEW
41 WOODLINE PARTNERS LP 200.7K +200.7K (+100.0%) 3.43M +3.4M (+100.0%) 0.08% +0.081 pp 0.01% +0.013 pp USD17.08 +0.0% 1 qtrs NEW
42 LUNATE CAPITAL LTD 200.0K +200.0K (+100.0%) 3.42M +3.4M (+100.0%) 0.08% +0.081 pp 1.29% +1.293 pp USD17.08 +0.0% 1 qtrs NEW
43 ALBERTA INVESTMENT MANAGEMENT CORP 200.0K +200.0K (+100.0%) 3.42M +3.4M (+100.0%) 0.08% +0.081 pp 0.02% +0.020 pp USD17.08 +0.0% 1 qtrs NEW
44 SCHONFELD STRATEGIC ADVISORS LLC 200.0K +200.0K (+100.0%) 3.42M +3.4M (+100.0%) 0.08% +0.081 pp 0.02% +0.015 pp USD17.08 +0.0% 1 qtrs NEW
45 MILLENNIUM MANAGEMENT LLC 194.6K +194.6K (+100.0%) 3.32M +3.3M (+100.0%) 0.08% +0.078 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
46 SUSQUEHANNA INTERNATIONAL GROUP, LLP 157.4K +157.4K (+100.0%) 2.69M +2.7M (+100.0%) 0.06% +0.063 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
47 SQUAREPOINT OPS LLC 150.0K +150.0K (+100.0%) 2.56M +2.6M (+100.0%) 0.06% +0.060 pp 0.00% +0.003 pp USD17.08 +0.0% 1 qtrs NEW
48 SCOGGIN MANAGEMENT LP 135.0K +135.0K (+100.0%) 2.31M +2.3M (+100.0%) 0.05% +0.054 pp 0.35% +0.354 pp USD17.08 +0.0% 1 qtrs NEW
49 BOARD OF TRUSTEES OF THE LELAND STANFORD JUNIOR UNIVERSITY 110.6K +110.6K (+100.0%) 1.89M +1.9M (+100.0%) 0.04% +0.045 pp 0.38% +0.381 pp USD17.08 +0.0% 1 qtrs NEW
50 WALLEYE CAPITAL LLC 110.5K +110.5K (+100.0%) 1.89M +1.9M (+100.0%) 0.04% +0.045 pp 0.01% +0.006 pp USD17.08 +0.0% 1 qtrs NEW
51 POINT72 ASSET MANAGEMENT, L.P. 100.0K +100.0K (+100.0%) 1.71M +1.7M (+100.0%) 0.04% +0.040 pp 0.00% +0.002 pp USD17.08 +0.0% 1 qtrs NEW
52 FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND 100.0K +100.0K (+100.0%) 1.71M +1.7M (+100.0%) 0.04% +0.040 pp 0.01% +0.014 pp USD17.08 +0.0% 1 qtrs NEW
53 LAURION CAPITAL MANAGEMENT LP 100.0K +100.0K (+100.0%) 1.71M +1.7M (+100.0%) 0.04% +0.040 pp 0.06% +0.064 pp USD17.08 +0.0% 1 qtrs NEW
54 SEVEN GRAND MANAGERS, LLC 100.0K +100.0K (+100.0%) 1.71M +1.7M (+100.0%) 0.04% +0.040 pp 0.13% +0.130 pp USD17.08 +0.0% 1 qtrs NEW
55 BANK OF NEW YORK MELLON CORP 84.9K +84.9K (+100.0%) 1.45M +1.5M (+100.0%) 0.03% +0.034 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
56 TOROSO INVESTMENTS, LLC 79.7K +79.7K (+100.0%) 1.36M +1.4M (+100.0%) 0.03% +0.032 pp 0.00% +0.003 pp USD17.08 +0.0% 1 qtrs NEW
57 ARMISTICE CAPITAL, LLC 63.4K +63.4K (+100.0%) 1.08M +1.1M (+100.0%) 0.03% +0.026 pp 0.01% +0.013 pp USD17.08 +0.0% 1 qtrs NEW
58 BARCLAYS PLC 58.4K +58.4K (+100.0%) 997.1K +997.1K (+100.0%) 0.02% +0.024 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
59 WELLS FARGO & COMPANY/MN 57.3K +57.3K (+100.0%) 978.2K +978.2K (+100.0%) 0.02% +0.023 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
60 SYMMETRY INVESTMENTS LP 51.0K +51.0K (+100.0%) 871.1K +871.1K (+100.0%) 0.02% +0.021 pp 0.08% +0.076 pp USD17.08 +0.0% 1 qtrs NEW
61 FORMULA GROWTH LTD 50.0K +50.0K (+100.0%) 854.0K +854.0K (+100.0%) 0.02% +0.020 pp 0.33% +0.329 pp USD17.08 +0.0% 1 qtrs NEW
62 LPL FINANCIAL LLC 47.5K +47.5K (+100.0%) 811.3K +811.3K (+100.0%) 0.02% +0.019 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
63 NUVEEN, LLC 42.8K +42.8K (+100.0%) 730.4K +730.4K (+100.0%) 0.02% +0.017 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
64 JANE STREET GROUP, LLC 41.7K +41.7K (+100.0%) 712.2K +712.2K (+100.0%) 0.02% +0.017 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
65 RHUMBLINE ADVISERS 36.9K +36.9K (+100.0%) 630.7K +630.7K (+100.0%) 0.01% +0.015 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
66 EVERENCE CAPITAL MANAGEMENT INC 33.3K +33.3K (+100.0%) 568.0K +568.0K (+100.0%) 0.01% +0.013 pp 0.03% +0.034 pp USD17.08 +0.0% 1 qtrs NEW
67 JPMORGAN CHASE & CO 29.5K +29.5K (+100.0%) 504.4K +504.4K (+100.0%) 0.01% +0.012 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
68 DEUTSCHE BANK AG\ 25.9K +25.9K (+100.0%) 441.6K +441.6K (+100.0%) 0.01% +0.010 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
69 BANK OF AMERICA CORP /DE/ 25.3K +25.3K (+100.0%) 431.3K +431.3K (+100.0%) 0.01% +0.010 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
70 SIMPLEX TRADING, LLC 24.7K +24.7K (+100.0%) 421.6K +421.6K (+100.0%) 0.01% +0.010 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
71 XTX TOPCO LTD 24.0K +24.0K (+100.0%) 410.3K +410.3K (+100.0%) 0.01% +0.010 pp 0.01% +0.011 pp USD17.08 +0.0% 1 qtrs NEW
72 FMR LLC 23.0K +23.0K (+100.0%) 392.3K +392.3K (+100.0%) 0.01% +0.009 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
73 IMC-CHICAGO, LLC 22.9K +22.9K (+100.0%) 391.9K +391.9K (+100.0%) 0.01% +0.009 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
74 INVESCO LTD. 22.4K +22.4K (+100.0%) 382.1K +382.1K (+100.0%) 0.01% +0.009 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
75 METLIFE INVESTMENT MANAGEMENT, LLC 21.3K +21.3K (+100.0%) 364.0K +364.0K (+100.0%) 0.01% +0.009 pp 0.00% +0.002 pp USD17.08 +0.0% 1 qtrs NEW
76 ALLIANCEBERNSTEIN L.P. 18.6K +18.6K (+100.0%) 317.7K +317.7K (+100.0%) 0.01% +0.008 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
77 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 17.4K +17.4K (+100.0%) 297.2K +297.2K (+100.0%) 0.01% +0.007 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
78 SG AMERICAS SECURITIES, LLC 15.8K +15.8K (+100.0%) 270.0K +270.0K (+100.0%) 0.01% +0.006 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
79 UNIVERSAL- BETEILIGUNGS- UND SERVICEGESELLSCHAFT MBH 15.0K +15.0K (+100.0%) 256.9K +256.9K (+100.0%) 0.01% +0.006 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
80 CRESSET ASSET MANAGEMENT, LLC 15.0K +15.0K (+100.0%) 256.3K +256.3K (+100.0%) 0.01% +0.006 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
81 OVERSEA-CHINESE BANKING CORP LTD 15.0K +15.0K (+100.0%) 256.2K +256.2K (+100.0%) 0.01% +0.006 pp 0.01% +0.007 pp USD17.08 +0.0% 1 qtrs NEW
82 MANUFACTURERS LIFE INSURANCE COMPANY, THE 14.7K +14.7K (+100.0%) 250.7K +250.7K (+100.0%) 0.01% +0.006 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
83 STATE OF TENNESSEE, TREASURY DEPARTMENT 21.6K +21.6K (+100.0%) 248.1K +248.1K (+100.0%) 0.01% +0.009 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
84 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 13.0K +13.0K (+100.0%) 223.0K +223.0K (+100.0%) 0.01% +0.005 pp 0.00% +0.002 pp USD17.08 +0.0% 1 qtrs NEW
85 VERITION FUND MANAGEMENT LLC 12.0K +12.0K (+100.0%) 205.0K +205.0K (+100.0%) 0.00% +0.005 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
86 VANGUARD PERSONALIZED INDEXING MANAGEMENT, LLC 11.0K +11.0K (+100.0%) 187.9K +187.9K (+100.0%) 0.00% +0.004 pp 0.00% +0.002 pp USD17.08 +0.0% 1 qtrs NEW
87 SENDER CO & PARTNERS, INC. 10.9K +10.9K (+100.0%) 186.7K +186.7K (+100.0%) 0.00% +0.004 pp 0.09% +0.087 pp USD17.08 +0.0% 1 qtrs NEW
88 POLICE & FIREMEN'S RETIREMENT SYSTEM OF NEW JERSEY 9.6K +9.6K (+100.0%) 164.5K +164.5K (+100.0%) 0.00% +0.004 pp 0.00% +0.001 pp USD17.08 +0.0% 1 qtrs NEW
89 BNP PARIBAS ARBITRAGE, SNC 7.6K +7.6K (+100.0%) 130.6K +130.6K (+100.0%) 0.00% +0.003 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
90 FNY INVESTMENT ADVISERS, LLC 6.7K +6.7K (+100.0%) 115.0K +115.0K (+100.0%) 0.00% +0.003 pp 0.03% +0.033 pp USD17.08 +0.0% 1 qtrs NEW
91 STRS OHIO 6.6K +6.6K (+100.0%) 112.7K +112.7K (+100.0%) 0.00% +0.003 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
92 NEW YORK STATE COMMON RETIREMENT FUND 5.9K +5.9K (+100.0%) 100.8K +100.8K (+100.0%) 0.00% +0.002 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
93 TOWER RESEARCH CAPITAL LLC (TRC) 3.8K +3.8K (+100.0%) 65.4K +65.4K (+100.0%) 0.00% +0.002 pp 0.00% +0.002 pp USD17.08 +0.0% 1 qtrs NEW
94 LEGAL & GENERAL GROUP PLC 3.8K +3.8K (+100.0%) 65.0K +65.0K (+100.0%) 0.00% +0.002 pp 0.00% +0.000 pp USD17.08 +0.0% 1 qtrs NEW
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-101.4K
Shares Outstanding
237.25M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-05-12 DEFA14A
2026-05-12 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-06-01 4
2026-05-28 144
2026-05-26 4
2026-05-26 4
2026-05-26 4
2026-05-22 4
2026-05-22 4
2026-05-22 4
2026-05-12 DEFA14A
2026-05-12 DEF 14A

Executive team

NameTitleCompensationGender
Ariel Cohen Co-Founder, Chief Executive Officer & Chairman 1M male
Ilan Twig Co-Founder, Chief Technology Officer & Director 1M male
Michael Sindicich President 750.3K male
Erika White Chief Marketing Officer female
Grant McGrail Chief Revenue Officer male
Howard Baik General Counsel & Secretary male
Michael Riegel Chief Customer Officer male
Ofer Ben-David Chief Operating Officer male
Ryan Burkart Vice President of Investor Relations male
Yoad Shraybom Chief Executive Officer of Growth male
Amy Butte Liebowitz Advisor female
Yuval Refua Chief Product Officer of Payments & Expense male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits