Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1%, FCF Yield is 7.9%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 77%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%

Megatrend and thematic drivers
Megatrends include Precious Metals & Mining. Themes include Gold Production, Mineral Exploration & Development, and Sustainable Mining Practices.

Weak multi-year price returns
2Y Excs Rtn is -8.8%, 3Y Excs Rtn is -43%

Key risks
MAKO key risks include [1] significant political and jurisdictional exposure related to its primary operations in Nicaragua, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1%, FCF Yield is 7.9%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 77%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 36%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%
3 Megatrend and thematic drivers
Megatrends include Precious Metals & Mining. Themes include Gold Production, Mineral Exploration & Development, and Sustainable Mining Practices.
4 Weak multi-year price returns
2Y Excs Rtn is -8.8%, 3Y Excs Rtn is -43%
5 Key risks
MAKO key risks include [1] significant political and jurisdictional exposure related to its primary operations in Nicaragua, Show more.

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 7/1/2026

Mako Mining (MAKO) stock has gained about 20% since 3/31/2026 because of the following key factors:

1. Mako Mining reported exceptional financial results for fiscal Q1 2026 (ended March 31, 2026). The company achieved record gold sales of 13,721 ounces, generating $68.6 million in revenue, which was a 116% increase compared to fiscal Q1 2025. Net income for the quarter was $23.1 million, or $0.26 per share, representing a 146% increase from the prior year's comparable quarter. The company also reported a robust cash position of $96.1 million and became debt-free.

2. The company's listing on NASDAQ on March 30, 2026, under the symbol MAKO, broadened its appeal to U.S. investors. This strategic move was anticipated to enhance visibility for U.S. institutional and retail investors and potentially increase trading liquidity.

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Updated on 7/1/2026

Mako Mining (MAKO) stock has gained about 20% since 3/31/2026 because of the following key factors:

1. Mako Mining reported exceptional financial results for fiscal Q1 2026 (ended March 31, 2026). The company achieved record gold sales of 13,721 ounces, generating $68.6 million in revenue, which was a 116% increase compared to fiscal Q1 2025. Net income for the quarter was $23.1 million, or $0.26 per share, representing a 146% increase from the prior year's comparable quarter. The company also reported a robust cash position of $96.1 million and became debt-free.

2. The company's listing on NASDAQ on March 30, 2026, under the symbol MAKO, broadened its appeal to U.S. investors. This strategic move was anticipated to enhance visibility for U.S. institutional and retail investors and potentially increase trading liquidity.

3. Mako Mining successfully completed the acquisition of the Mt. Hamilton gold-silver project in Nevada during March 2026. This acquisition was structured to be non-dilutive, financed through an amended gold stream, and is expected to significantly contribute to future production and profitability without immediate cash outflow or equity issuance. Additionally, strong operational performance at the San Albino mine, which was fully in high-grade material in fiscal Q1 2026, and the ongoing ramp-up of the Moss Mine contributed to positive sentiment.

4. Positive analyst coverage and price targets have bolstered investor confidence. Analysts have issued "Moderate Buy" or "Buy" ratings for Mako Mining, with an average price target of C$20.00 for the TSX-V:MKO listing, implying significant upside potential from recent trading prices. This optimistic outlook reflects the company's strong financial performance and growth pipeline.

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Stock Movement Drivers

Fundamental Drivers

The 19.7% change in MAKO stock from 3/31/2026 to 7/2/2026 was primarily driven by a 46.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120267022026Change
Stock Price ($)6.397.6519.7%
Change Contribution By: 
Total Revenues ($ Mil)12718546.0%
Net Income Margin (%)19.0%25.6%34.9%
P/E Multiple21.214.1-33.4%
Shares Outstanding (Mil)8088-8.7%
Cumulative Contribution19.7%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/2/2026
ReturnCorrelation
MAKO19.7% 
Market (SPY)14.5%56.0%
Sector (XLB)4.1%46.6%

Fundamental Drivers

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Market Drivers

12/31/2025 to 7/2/2026
ReturnCorrelation
MAKO  
Market (SPY)9.5%58.5%
Sector (XLB)15.2%48.5%

Fundamental Drivers

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Market Drivers

6/30/2025 to 7/2/2026
ReturnCorrelation
MAKO  
Market (SPY)21.6%58.5%
Sector (XLB)20.2%48.5%

Fundamental Drivers

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Market Drivers

6/30/2023 to 7/2/2026
ReturnCorrelation
MAKO  
Market (SPY)74.0%58.5%
Sector (XLB)32.5%48.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MAKO Return-----25%25%
Peers Return-29%-16%14%29%191%-18%111%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
MAKO Win Rate-----80% 
Peers Win Rate40%48%48%48%70%43% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
MAKO Max Drawdown------ 
Peers Max Drawdown-45%-51%-37%-26%-27%-46% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: PAAS, CDE, AGI, HL, EQX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/2/2026 (YTD)

How Low Can It Go

MAKO has limited trading history. Below is the Materials sector ETF (XLB) in its place.

EventXLBS&P 500
2025 US Tariff Shock
  % Loss-17.0%-18.8%
  % Gain to Breakeven20.5%23.1%
  Time to Breakeven84 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-12.5%-9.5%
  % Gain to Breakeven14.3%10.5%
  Time to Breakeven52 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-23.5%-24.5%
  % Gain to Breakeven30.7%32.4%
  Time to Breakeven456 days427 days
2020 COVID-19 Crash
  % Loss-36.2%-33.7%
  % Gain to Breakeven56.8%50.9%
  Time to Breakeven114 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-18.3%-19.2%
  % Gain to Breakeven22.4%23.8%
  Time to Breakeven101 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-17.9%-12.2%
  % Gain to Breakeven21.7%13.9%
  Time to Breakeven52 days62 days

Compare to PAAS, CDE, AGI, HL, EQX

In The Past

State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

MAKO has limited trading history. Below is the Materials sector ETF (XLB) in its place.

EventXLBS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-23.5%-24.5%
  % Gain to Breakeven30.7%32.4%
  Time to Breakeven456 days427 days
2020 COVID-19 Crash
  % Loss-36.2%-33.7%
  % Gain to Breakeven56.8%50.9%
  Time to Breakeven114 days140 days
2014-2016 Oil Price Collapse
  % Loss-23.8%-6.8%
  % Gain to Breakeven31.2%7.3%
  Time to Breakeven171 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-28.2%-17.9%
  % Gain to Breakeven39.3%21.8%
  Time to Breakeven459 days123 days
2008-2009 Global Financial Crisis
  % Loss-56.6%-53.4%
  % Gain to Breakeven130.3%114.4%
  Time to Breakeven701 days1085 days

Compare to PAAS, CDE, AGI, HL, EQX

In The Past

State Street Materials Select Sector SPDR ETF's stock fell -17.0% during the 2025 US Tariff Shock. Such a loss loss requires a 20.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Mako Mining (MAKO)

Mako Mining Corp. is a Canadian gold mining company primarily engaged in the acquisition, exploration, development, and operation of gold projects in Central America. Its flagship asset and current operational focus is the high-grade San Albino gold mine, situated in Nueva Segovia, Nicaragua. The company manages the entire mining lifecycle, from identifying valuable gold resources to their extraction and processing.

The core product of Mako Mining is gold and silver dore, which are semi-pure alloys produced from its mining operations. At the San Albino mine, the company utilizes both open-pit and underground mining techniques, with the extracted ore processed through a conventional gravity and carbon-in-leach (CIL) plant to produce the dore bars. Mako also dedicates efforts to regional exploration within its concessions to expand its mineral reserves and extend the economic life of its operations.

Mako Mining sells its gold and silver dore into the global precious metals market, targeting refiners and bullion dealers as its primary customers. The company aims to provide investors with exposure to gold production, emphasizing operational efficiency and resource growth within its established mining jurisdiction.

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Analogies for Mako Mining (MAKO):

  • A smaller-scale Barrick Gold, focused on gold production in Nicaragua.
  • Like a Newmont for Central American gold mining.

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  • Gold: Mako Mining primarily produces gold from its mining operations.

AI Analysis | Feedback

Mako Mining Corp. (MAKO) is a gold mining company that operates the San Albino gold mine in Nicaragua. As a producer of a commodity (gold), the company typically sells its gold doré or refined gold into the global market.

Due to the nature of commodity sales, Mako Mining does not typically have "major customers" in the traditional sense of a concentrated revenue stream from specific, publicly disclosed entities. Their customers are generally a diverse group of participants in the global gold market, including:

  • Gold refiners
  • Bullion banks and other financial institutions involved in precious metals trading
  • Commodity trading firms

These buyers operate within a liquid and highly diversified market, and Mako Mining's sales are not concentrated with a few key buyers that are publicly identified as major customers.

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Akiba Leisman, Chief Executive Officer

Akiba Leisman serves as the CEO and a Director of Mako Mining Corp., a position he assumed in March 2019. Prior to Mako, he was the Executive Chairman and Interim CEO of Marlin Gold Mining Ltd., where he oversaw the spinout of Sailfish Royalty Corp. and the acquisition of Marlin by Golden Reign Resources Ltd. to form Mako. He co-founded Sailfish Royalty Corp. in 2014 and continues to serve as its Executive Chairman and a Director. Mr. Leisman has also served as President, CEO, and Director of Mako US Corp. and CEO of Goldsource Mines, Inc. His background includes working as a consultant at Wexford Capital LP and as a Senior Analyst at Red Kite Capital Management. Having worked at Wexford Capital LP for nine years and managing several of their portfolio companies, he has a pattern of managing companies backed by private equity firms, as Wexford Capital is a significant shareholder of Mako Mining.

Ezequiel Sirotinsky, Chief Financial Officer & Corporate Secretary

Ezequiel Sirotinsky is the Chief Financial Officer and Corporate Secretary of Mako Mining Corp., appointed effective June 25, 2024. He is a Chartered Professional Accountant with over 25 years of senior-level experience in the mining industry, working across Argentina, Colombia, Nicaragua, and Panama. Mr. Sirotinsky's career includes senior positions with various gold and silver producers such as Calibre Mining, AngloGold Ashanti, and Silver Standard Resources, as well as other mid-tier and junior mining companies. His expertise encompasses IFRS and regulatory financial reporting, treasury management, corporate financing, budgeting and forecasting, tax planning, compliance, and auditing.

Jesse Muñoz, Chief Operating Officer

Jesse Muñoz serves as the Chief Operating Officer of Mako Mining Corp., bringing over 35 years of experience in the domestic and international mining sector. His extensive career includes successful construction and start-up of both surface and underground mine facilities. Mr. Muñoz's diverse background is primarily focused on the processing side of operations, with experience in conventional milling, heap leaching, agglomeration, crushing, refining, and both carbon adsorption and Merrill-Crowe recovery systems. He also has experience in negotiating property acquisitions and developmental strategies in Latin American countries.

Steve Parsons, President

Steve Parsons is the President of Mako Mining Corp. He is a mining and finance professional with over 25 years of experience in mine operations and capital markets. Before joining Mako, Mr. Parsons held positions as CEO of Goldsource Mines, Senior Vice President of Yamana Gold, and Director of Equity Research at National Bank Financial. He also served as a senior analyst at various mining-focused sell-side firms in Canada. Mr. Parsons holds a Bachelor of Applied Science in Mining and Mineral Engineering from Queen's University.

Frank Powell, VP of Exploration

Frank Powell is the VP of Exploration for Mako Mining Corp. He possesses over 39 years of global exploration experience, including 23 years in senior management roles with major and junior gold exploration and mining companies such as Placer Dome, Oro Gold Ltd, and Mako Mining Corp. Mr. Powell's career spans from grass-roots exploration to feasibility studies, where he has successfully led teams in the acquisition, discovery, quantification, and optimization of gold and platinum resources at various projects worldwide.

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Mako Mining (symbol: MAKO) faces several key risks to its business operations:

Key Risks to Mako Mining

  1. Jurisdictional and Political Risks: Mako Mining operates primarily in Nicaragua, with additional projects in Guyana and Arizona. The company is exposed to political risks, including potential changes in regulatory frameworks, taxation, or overall political conditions in its operating jurisdictions. This also includes the risk of government expropriation or nationalization of mining operations and the impact of any measures or sanctions imposed by government entities in Nicaragua.
  2. Gold Price Volatility: As a gold mining company, Mako Mining's financial performance is significantly influenced by fluctuations in the price of gold. A sustained decline in gold prices could lead to compressed margins, reduced cash flow, and overall adverse impacts on the company's financial results.
  3. Operational Risks and Exploration Uncertainty: Mining operations are inherently complex and subject to various disruptions. Mako Mining faces risks associated with potential economic or technical failures at its projects, the possibility of unexpected costs and expenses, and the inherent uncertainty that exploration efforts will translate into economically viable deposits. Specific operational challenges cited include rising costs and declining grades at core operations, as well as identified material weaknesses in internal control over financial reporting.

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AI Analysis | Feedback

Mako Mining (MAKO) primarily operates in the gold and silver mining industry, with its main product being gold and a secondary product being silver. The addressable markets for these precious metals are global. The global gold market is substantial, with its total above-ground stock valued at approximately $31 trillion as of April 2026. This market is projected to grow from 4,890.0 tons in 2025 to 5,118.1 tons in 2026, and further to 7,424.4 tons by 2034, at a compound annual growth rate (CAGR) of 4.70%. In terms of revenue, the global gold precious metal market was valued at US$354,004.4 million in 2024 and is estimated to reach US$594,021.5 million by 2030, growing at a CAGR of 8.9% from 2024 to 2030. The global gold mining market, specifically, was estimated at USD 260.86 billion in 2024 and is projected to reach USD 710.08 billion by 2033, with a CAGR of 11.0% from 2025 to 2033. Another estimate places the global gold mining market size at USD 294.81 billion in 2025, with a projected growth to USD 327.8 billion in 2026 and USD 765.85 billion by 2034, at a CAGR of 11.19%. For silver, the global market size was valued at USD 87.12 billion in 2024 and is projected to grow from USD 95.20 billion in 2025 to USD 202.07 billion by 2033, exhibiting a CAGR of 9.86% during the forecast period (2025-2033). The silver market size is also expected to grow from 37.78 kilotons in 2025 to 39.53 kilotons in 2026, and is forecast to reach 49.54 kilotons by 2031, at a 4.62% CAGR over 2026-2031.

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Here are the 3-5 expected drivers of future revenue growth for Mako Mining (MAKO) over the next 2-3 years:

Expected Drivers of Future Revenue Growth for Mako Mining (MAKO)

  1. Increased Production from the San Albino Mine: Mako Mining's San Albino gold mine in Nicaragua has the capacity to double its processing throughput from 500 tonnes per day (tpd) to 1,000 tpd with minimal capital investment, following a permit amendment received in August 2020. Operating the plant at increased capacity can lead to higher gold production and, consequently, increased revenue.
  2. Ramp-up and Steady-State Production at the Moss Mine: The Moss Mine in Arizona, acquired by Mako Mining, is in the process of ramping up to steady-state production, which is expected by early 2026. This mine is projected to add significant gold ounces to Mako's overall production profile as it reaches full operational capacity, contributing to revenue growth.
  3. Development and Commencement of Production at the Mt. Hamilton Project: Mako Mining recently acquired the Mt. Hamilton gold-silver project in Nevada, USA. Pre-construction activities have begun, with full construction anticipated to commence in early Q2 2026. This fully permitted open-pit heap leach project is expected to become a new source of gold and silver production, thereby driving future revenue.
  4. Advancement Towards Production at the Eagle Mountain Gold Project: The Eagle Mountain Gold Project in Guyana is progressing through its permitting phase, with full operating permits expected by late 2026. Construction is slated for 2026, with production targeted for the second half of 2027. The development of this project represents a significant long-term growth driver through future gold production.

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Share Repurchases

  • Mako Mining announced a Normal Course Issuer Bid (NCIB) on December 3, 2025, to repurchase up to 4,350,450 common shares, representing 5% of its issued and outstanding shares, with the program expiring by December 7, 2026.
  • For the trailing twelve months (TTM) ended September 2025, the company's Repurchase of Stock amounted to -$1.4 million.

Share Issuance

  • On October 28, 2025, Mako Mining completed a brokered private placement, raising gross proceeds of $28.8 million (C$40.3 million).
  • Concurrently, a non-brokered private placement with private investment funds managed by Wexford Capital LP generated gross proceeds of $10.7 million (C$15.0 million) on the same date.
  • The company's annual additional paid-in capital increased from $12.1 million in December 2022 to $16.3 million in December 2024, reaching $16.0 million by September 2025.

Outbound Investments

  • In 2025, Mako Mining acquired the Mt. Hamilton gold project through a $40 million gold stream.
  • The company acquired the Eagle Mountain project by acquiring Goldsource Mines in July 2024, and also the Moss Mine in Arizona in late 2024.

Capital Expenditures

  • Capital expenditures for the trailing twelve months ended September 2025 totaled -$14.94 million.
  • In the 12 months prior to March 2026, capital expenditures were -$20.98 million.
  • The company anticipates funding future exploration in Nicaragua, development activities at the Mt. Hamilton Project in Nevada, and ongoing engineering for the Eagle Mountain Project in Guyana using projected free cash flow from its San Albino and Moss Mines.

Better Bets vs. Mako Mining (MAKO)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MAKOPAASCDEAGIHLEQXMedian
NameMako Min.Pan Amer.Coeur Mi.Alamos G.Hecla Mi.Equinox . 
Mkt Price7.6546.2917.3031.5816.3310.1416.81
Mkt Cap0.719.511.913.310.98.011.4
Rev LTM1854,0002,5662,0721,5732,2552,164
Op Inc LTM751,4921,0771,129708883980
FCF LTM531,312915349467-467
FCF 3Y Avg28627245226111-226
CFO LTM661,6631,160958721-958
CFO 3Y Avg39988501693337-501

Growth & Margins

MAKOPAASCDEAGIHLEQXMedian
NameMako Min.Pan Amer.Coeur Mi.Alamos G.Hecla Mi.Equinox . 
Rev Chg LTM77.0%33.7%113.7%47.8%66.3%140.6%71.7%
Rev Chg 3Y Avg46.6%42.3%54.5%33.2%32.2%46.6%44.5%
Rev Chg Q115.8%49.3%137.8%79.2%100.4%224.3%108.1%
QoQ Delta Rev Chg LTM24.8%10.5%24.0%14.6%15.1%35.9%19.5%
Op Inc Chg LTM82.0%177.2%285.8%117.9%250.6%441.5%213.9%
Op Inc Chg 3Y Avg239.6%341.6%411.8%82.1%262.1%903.5%301.9%
Op Mgn LTM40.5%37.3%42.0%54.5%45.0%39.2%41.2%
Op Mgn 3Y Avg34.6%19.4%23.1%40.8%24.1%19.7%23.6%
QoQ Delta Op Mgn LTM4.0%5.6%4.4%5.9%6.1%10.0%5.8%
CFO/Rev LTM35.6%41.6%45.2%46.2%45.8%-45.2%
CFO/Rev 3Y Avg31.0%29.3%25.6%45.9%26.1%-29.3%
FCF/Rev LTM28.5%32.8%35.6%16.8%29.7%-29.7%
FCF/Rev 3Y Avg21.5%17.3%4.0%14.5%3.3%-14.5%

Valuation

MAKOPAASCDEAGIHLEQXMedian
NameMako Min.Pan Amer.Coeur Mi.Alamos G.Hecla Mi.Equinox . 
Mkt Cap0.719.511.913.310.98.011.4
P/S3.64.94.76.47.03.54.8
P/Op Inc8.913.111.111.715.59.111.4
P/EBIT8.611.311.910.316.010.811.1
P/E14.115.414.912.540.013.214.5
P/CFO10.211.710.313.815.2-11.7
Total Yield7.1%7.6%6.7%8.2%2.5%7.6%7.3%
Dividend Yield0.0%1.1%0.0%0.2%0.0%0.0%0.0%
FCF Yield 3Y Avg-4.0%-2.6%2.0%-0.3%-0.8%
D/E0.00.00.10.00.00.10.0
Net D/E-0.1-0.0-0.0-0.0-0.00.0-0.0

Returns

MAKOPAASCDEAGIHLEQXMedian
NameMako Min.Pan Amer.Coeur Mi.Alamos G.Hecla Mi.Equinox . 
1M Rtn-10.5%-16.1%-9.8%-20.2%-8.3%-16.3%-13.3%
3M Rtn19.3%-16.7%-9.3%-31.3%-14.8%-30.4%-15.8%
6M Rtn27.7%-10.1%-2.9%-18.0%-14.9%-27.6%-12.5%
12M Rtn27.7%63.0%92.9%17.5%171.1%74.0%68.5%
3Y Rtn27.7%230.9%493.1%163.9%212.1%113.5%188.0%
1M Excs Rtn-8.9%-14.5%-8.2%-18.5%-6.6%-14.6%-11.7%
3M Excs Rtn5.7%-30.3%-23.2%-44.5%-28.6%-45.9%-29.4%
6M Excs Rtn19.2%-20.1%-12.8%-27.6%-24.7%-37.0%-22.4%
12M Excs Rtn6.9%44.5%72.3%-1.5%153.1%55.1%49.8%
3Y Excs Rtn-43.2%170.4%449.8%107.9%159.2%53.9%133.6%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment14892666331
Total14892666331


Assets by Segment
$ Mil2021201820172016
Single Segment55323227
Total55323227


Price Behavior

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MAKO Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta2.582.482.49-0.510.090.59
Up Beta2.322.161.69-0.840.12-0.35
Down Beta3.562.942.641.65-1.24-0.34
Up Capture149%220%292%179%79%7%
Bmk +ve Days11244067140429
Stock +ve Days102339393939
Down Capture279%252%307%129%85%46%
Bmk -ve Days10172358112321
Stock -ve Days111824242424

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MAKO
MAKO27.8%60.6%1.79-
Sector ETF (XLB)17.2%17.5%0.7548.5%
Equity (SPY)21.7%12.5%1.2958.5%
Gold (GLD)23.1%27.7%0.7373.6%
Commodities (DBC)21.3%18.6%0.90-14.1%
Real Estate (VNQ)13.6%13.8%0.6822.6%
Bitcoin (BTCUSD)-43.5%42.7%-1.2241.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MAKO
MAKO5.0%60.6%1.79-
Sector ETF (XLB)6.9%19.0%0.2548.5%
Equity (SPY)13.3%17.1%0.6058.5%
Gold (GLD)17.9%18.3%0.7973.6%
Commodities (DBC)6.9%19.5%0.25-14.1%
Real Estate (VNQ)3.1%18.9%0.0622.6%
Bitcoin (BTCUSD)11.6%53.7%0.4041.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with MAKO
MAKO2.5%60.6%1.79-
Sector ETF (XLB)10.3%20.7%0.4448.5%
Equity (SPY)15.4%18.0%0.7358.5%
Gold (GLD)12.1%16.1%0.6173.6%
Commodities (DBC)5.7%18.0%0.25-14.1%
Real Estate (VNQ)5.5%20.7%0.2322.6%
Bitcoin (BTCUSD)58.6%66.2%0.9941.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity0.1 Mil
Short Interest: % Change Since 5312026134.2%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest1
Basic Shares Quantity87.8 Mil
Short % of Basic Shares0.1%

Earnings Returns History

Updated 6/2/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
03/31/202605/15/20266-K
12/31/202504/29/202640-F
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Report DateFiling DateFiling
03/31/202605/15/20266-K
12/31/202504/29/202640-F
Core Cache Last Updated: 7/2/2026