Analyst Ratings

Date	Action	Analyst	Rating	Target
Jun-02-26	Initiated	KeyBanc	Overweight	$54 → $200
May-12-26	Reiterated	UBS	Neutral	$97 → $175
May-06-26	Reiterated	Oppenheimer	Outperform	$115 → $190
May-06-26	Reiterated	Canaccord Genuity	Buy	$80 → $200
May-06-26	Reiterated	Morgan Stanley	Overweight	$45 → $175
May-06-26	Reiterated	Barclays	Overweight	$105 → $183
May-01-26	Reiterated	Canaccord Genuity	Buy	$80 → $200
Apr-28-26	Reiterated	Oppenheimer	Outperform	$80 → $115
Apr-21-26	Reiterated	UBS	Neutral	$40 → $97
Feb-24-26	Reiterated	Stifel Nicolaus		$48 → $57

Financial Statements

DataTimeframe

Line Item (USD, M)	TTM —	FY 2025 12/31/2025	FY 2024 12/31/2024	FY 2023 12/31/2023
Total Revenue	949	901	781	Upgrade your experience to unlock full historical data
Cost of Goods Sold Incl. D&A	394	362	315
Gross Profit	555	540	466
Selling, General and Administrative Excl. Other	228	221	232
Research and Development	171	162	142
Other Operating Expense	-1	0	1
Operating Income	157	157	91
Interest Expense	23	18	9
Unusual Expense	—	—	—
Non-Operating Income (Expense)	-56	-68	-16
Net Income Before Taxes	189	207	98
Income Taxes	-47	-53	13
Consolidated Net Income	237	259	84
Net Income From Continuing Operations	237	259	84
Net Income	237	259	84
EPS (Recurring)	2.59	2.83	0.92
EPS (Basic, Before Extraordinaries)	2.59	2.83	0.92
EPS (Diluted)	2.30	2.52	0.89
EBITDA	417	362	237
Other After Tax Adjustments	—	—	—
Stock Option Compensation Expense	—	—	—
Price To Earnings Ratio	75.33	19.10	—
Price To Sales Ratio	16.98	4.86	—
Gross Margin	58.48	59.93	59.67
Operating Margin	16.54	17.43	11.65
Net Margin	24.97	28.75	10.76
Shares Outstanding	93	91	92
Market Capitalization	16,114	4,379	—
Operating Lease Expense	—	—	—

Insider Trading

Insider	Relationship	Date	Transaction	Cost	#Shares	Value ($)	#Shares Total	SEC Form 4
Steinfort Matt	Chief Financial Officer	Jun 02 '26	Sale	170.07	10,000	1,700,700	538,414	Jun 03 12:00 AM
JENSON WARREN	Director	May 19 '26	Option Exercise	19.47	40,000	778,800	80,000	May 21 12:00 AM
JENSON WARREN	Director	May 19 '26	Sale	147.62	20,000	2,952,400	32,497	May 21 12:00 AM
Steinfort Matt	Chief Financial Officer	May 15 '26	Sale	152.50	25,000	3,812,500	573,272	May 19 12:00 AM
SCHNEIDER HILARY	Director	May 15 '26	Sale	156.38	4,338	678,376	24,323	May 19 12:00 AM
Access Industries Holdings LLC	other: Affiliate of 10% Owner	May 13 '26	Sale	150.30	3,300,000	495,990,000	119,587	May 15 12:00 AM
Access Industries Holdings LLC	other: Affiliate of 10% Owner	May 11 '26	Sale	159.97	181,147	28,977,238	21,680,875	May 11 12:00 AM
Access Industries Holdings LLC	other: Affiliate of 10% Owner	May 07 '26	Sale	150.98	210,659	31,805,556	21,862,022	May 11 12:00 AM
Steinfort Matt	Chief Financial Officer	Mar 03 '26	Sale	55.40	20,000	1,108,000	545,916	Mar 03 12:00 AM
Barrett Cherie	SVP, Chief Accounting Officer	Mar 02 '26	Sale	54.77	22,000	1,204,940	62,469	Mar 03 12:00 AM
Saha Bratin	Chief Product & Tech Officer	Sep 03 '25	Sale	31.87	13,010	414,629	269,465	Sep 03 12:00 AM
Saha Bratin	Chief Product & Tech Officer	Jun 18 '25	Sale	27.77	3,461	96,112	294,546	Jun 18 12:00 AM
Butte Amy	Director	Jun 09 '25	Sale	29.06	5,417	157,418	31,000	Jun 11 12:00 AM
Access Industries Holdings LLC	other: Affiliate of 10% Owner	Jun 04 '25	Sale	28.60	3,496,504	100,000,014	140,599	Jun 06 12:00 AM
Saha Bratin	Chief Product & Tech Officer	Jun 03 '25	Sale	29.49	41,541	1,225,044	301,579	Jun 03 12:00 AM


Market Cap	18.56B	Forward P/E	102.02	EPS next Y	1.70	Insider Trans	-3.60%	Shs Float	-	Perf Month	15.50%


Enterprise Value	18.72B	PEG	0.59	EPS next Q	0.26	Inst Own	-	Short Float	-	Perf Quarter	103.01%


Income	265.36M	P/S	19.56	EPS this Y	-48.02%	Inst Trans	-	Short Ratio	-	Perf Half Y	289.90%


Sales	948.63M	P/B	18.64	EPS next Y	42.07%	ROA	9.21%	Short Interest	-	Perf YTD	260.08%


Book/sh	8.50	P/C	56.57	EPS next 5Y	53.34%	ROE	154.32%	52W High	187.50 -7.59%	Perf Year	520.82%


Cash/sh	7.10	P/FCF	1750.33	EPS past 3/5Y	-	ROIC	6.49%	52W Low	25.56 577.90%	Perf 3Y	-


Dividend Est.	-	EV/EBITDA	44.89	Sales past 3/5Y	16.08% 23.16%	Gross Margin	58.49%	Volatility	5.19% 5.76%	Perf 5Y	-


Dividend TTM	-	EV/Sales	19.73	EPS Y/Y TTM	102.25%	Oper. Margin	16.44%	ATR (14)	13.59	Perf 10Y	-


Dividend Ex-Date	-	Quick Ratio	1.46	Sales Y/Y TTM	21.51%	Profit Margin	24.97%	RSI (14)	58.79	Recom	2.22


Dividend Gr. 3/5Y	-	Current Ratio	1.46	EPS Q/Q	-21.43%	SMA20	2.92%	Beta	2.21	Target Price	149.27


Payout	0.00%	Debt/Eq	1.01	Sales Q/Q	22.27%	SMA50	25.91%	Rel Volume	1.19	Prev Close	177.81


Employees	1,210	LT Debt/Eq	-9.17	Earnings	Aug 04	SMA200	135.89%	Avg Volume	3.87M	Price	173.27


IPO Date	Mar 24, 2021	Option/Short	Yes / Yes	EPS/Sales Surpr.	65.48% 3.20%	Net Debt/EBITDA	0.38	Volume	4,626,386	Change	-2.55%

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