Tearsheet

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

0

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -39%

Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Experiential Retail, and Travel & Leisure Tech.

Weak multi-year price returns
2Y Excs Rtn is -117%, 3Y Excs Rtn is -152%

High stock price volatility
Vol 12M is 114%

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -39%
1 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization. Themes include Experiential Retail, and Travel & Leisure Tech.
2 Weak multi-year price returns
2Y Excs Rtn is -117%, 3Y Excs Rtn is -152%
3 High stock price volatility
Vol 12M is 114%

MRLN in ETFs

Weight = MRLN's share of each fund

SCHA0.00%
SCHB0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/7/2026

Merlin (MRLN) stock has lost about 40% since 3/31/2026 because of the following key factors:

1. Significant Fiscal Q1 2026 Earnings Miss and Persistent Unprofitability.

Merlin Inc. (MRLN) reported a substantial loss per share of -$0.17 for fiscal Q1 2026, which ended on March 31, 2026, and was announced on May 14, 2026. This performance fell significantly short of the consensus estimate of -$0.102 per share, representing a -66.67% surprise and triggering an immediate 5.11% decline in stock price. The company continues to operate at a loss, exhibiting a negative Return on Equity (ROE) of -369.9% and a Net Margin of -6,500.95%. Analysts expect earnings to remain negative, forecasting -$0.72 per share for the coming year, underscoring a challenging financial outlook.

2. Substantial Share Dilution.

Shareholders have experienced significant dilution, with the total number of shares outstanding increasing by 185.9% over the past year. A private investment in public equity (PIPE) financing deal, announced on April 29, 2026, introduced 8 million new common shares and 4 million new warrants. While this deal boosted the company's proforma cash from $107 million to approximately $183 million, it also introduced massive immediate dilution, which the market reacted negatively to.

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Updated on 7/7/2026

Merlin (MRLN) stock has lost about 40% since 3/31/2026 because of the following key factors:

1. Significant Fiscal Q1 2026 Earnings Miss and Persistent Unprofitability.

Merlin Inc. (MRLN) reported a substantial loss per share of -$0.17 for fiscal Q1 2026, which ended on March 31, 2026, and was announced on May 14, 2026. This performance fell significantly short of the consensus estimate of -$0.102 per share, representing a -66.67% surprise and triggering an immediate 5.11% decline in stock price. The company continues to operate at a loss, exhibiting a negative Return on Equity (ROE) of -369.9% and a Net Margin of -6,500.95%. Analysts expect earnings to remain negative, forecasting -$0.72 per share for the coming year, underscoring a challenging financial outlook.

2. Substantial Share Dilution.

Shareholders have experienced significant dilution, with the total number of shares outstanding increasing by 185.9% over the past year. A private investment in public equity (PIPE) financing deal, announced on April 29, 2026, introduced 8 million new common shares and 4 million new warrants. While this deal boosted the company's proforma cash from $107 million to approximately $183 million, it also introduced massive immediate dilution, which the market reacted negatively to.

3. Limited Near-Term Revenue Generation and High-Risk Profile.

Merlin Inc. reported minimal revenue of only $1 million in fiscal Q1 2026, despite having secured significant contracts, such as a $105 million USSOCOM contract. The company's investment thesis is heavily reliant on the successful execution of technical milestones for its autonomous flight software. However, high risks persist due to technical integration challenges and limited near-term revenue visibility, contributing to stock volatility and investor caution. The company recorded a net loss of approximately $90 million in fiscal Q1 2026.

4. Post-SPAC Structural Devaluation.

MRLN debuted via a SPAC merger on March 17, 2026, and experienced a significant 61.56% collapse on its first trading day. The stock's decline was further exacerbated by a decisive breach of the psychologically significant $10.00 support level on April 29, 2026, leading to an approximate 22.06% decline on that day alone. This breakdown triggered automated stop-loss selling and accelerated institutional de-risking, reflecting ongoing post-SPAC structural devaluation dynamics.

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Stock Movement Drivers

Fundamental Drivers

The -41.6% change in MRLN stock from 3/31/2026 to 7/13/2026 was primarily driven by a 0.0% change in the company's Shares Outstanding (Mil).
(LTM values as of)33120267132026Change
Stock Price ($)7.354.29-41.6%
Change Contribution By: 
Total Revenues ($ Mil)0.0%
Net Income Margin (%)0.0%
P/E Multiple0.0%
Shares Outstanding (Mil)71710.0%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/13/2026
ReturnCorrelation
MRLN-41.6% 
Market (SPY)15.2%19.3%
Sector (XLI)11.5%21.2%

Fundamental Drivers

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Market Drivers

12/31/2025 to 7/13/2026
ReturnCorrelation
MRLN-81.7% 
Market (SPY)10.2%21.3%
Sector (XLI)16.6%27.2%

Fundamental Drivers

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Market Drivers

6/30/2025 to 7/13/2026
ReturnCorrelation
MRLN-81.7% 
Market (SPY)22.3%21.3%
Sector (XLI)23.5%27.2%

Fundamental Drivers

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Market Drivers

6/30/2023 to 7/13/2026
ReturnCorrelation
MRLN-81.7% 
Market (SPY)75.0%21.3%
Sector (XLI)75.1%27.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
MRLN Return96%1%0%0%0%-82%-64%
Peers Return-26%-18%93%29%57%-29%67%
S&P 500 Return27%-19%24%23%16%11%102%

Monthly Win Rates [3]
MRLN Win Rate67%8%0%0%0%14% 
Peers Win Rate37%45%62%50%52%37% 
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
MRLN Max Drawdown-23%-0%0%0%0%-82% 
Peers Max Drawdown-49%-48%-30%-33%-39%-51% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: JOBY, ACHR, AVAV, KTOS, LMT.
[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 7/13/2026 (YTD)

How Low Can It Go

EventMRLNS&P 500
2020 COVID-19 Crash
  % Loss-74.0%-33.7%
  % Gain to Breakeven284.2%50.9%
  Time to Breakeven360 days140 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-10.7%-3.7%
  % Gain to Breakeven12.0%3.9%
  Time to Breakeven10 days6 days
2014-2016 Oil Price Collapse
  % Loss-33.6%-6.8%
  % Gain to Breakeven50.5%7.3%
  Time to Breakeven53 days15 days
2013 Taper Tantrum
  % Loss-21.1%-0.2%
  % Gain to Breakeven26.8%0.2%
  Time to Breakeven553 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-24.3%-17.9%
  % Gain to Breakeven32.0%21.8%
  Time to Breakeven81 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-24.0%-15.4%
  % Gain to Breakeven31.6%18.2%
  Time to Breakeven90 days125 days

Compare to JOBY, ACHR, AVAV, KTOS, LMT

In The Past

Merlin's stock fell -0.1% during the 2022 Inflation Shock & Fed Tightening. Such a loss loss requires a 0.1% 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.

EventMRLNS&P 500
2020 COVID-19 Crash
  % Loss-74.0%-33.7%
  % Gain to Breakeven284.2%50.9%
  Time to Breakeven360 days140 days
2014-2016 Oil Price Collapse
  % Loss-33.6%-6.8%
  % Gain to Breakeven50.5%7.3%
  Time to Breakeven53 days15 days
2013 Taper Tantrum
  % Loss-21.1%-0.2%
  % Gain to Breakeven26.8%0.2%
  Time to Breakeven553 days1 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-24.3%-17.9%
  % Gain to Breakeven32.0%21.8%
  Time to Breakeven81 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-24.0%-15.4%
  % Gain to Breakeven31.6%18.2%
  Time to Breakeven90 days125 days
2008-2009 Global Financial Crisis
  % Loss-88.4%-53.4%
  % Gain to Breakeven765.4%114.4%
  Time to Breakeven510 days1085 days
Summer 2007 Credit Crunch
  % Loss-28.2%-8.6%
  % Gain to Breakeven39.2%9.5%
  Time to Breakeven1837 days47 days

Compare to JOBY, ACHR, AVAV, KTOS, LMT

In The Past

Merlin's stock fell -0.1% during the 2022 Inflation Shock & Fed Tightening. Such a loss loss requires a 0.1% 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 Merlin (MRLN)

Marlin Business Services Corp. (MRLN) is a financial services company that specializes in providing equipment financing solutions to small and mid-sized businesses throughout the United States. The company essentially helps these businesses acquire essential commercial equipment without significant upfront capital investment by offering leasing and loan options.

Marlin's main product is financing a diverse range of commercial equipment, encompassing approximately 100 different categories. This includes items such as copiers, security systems, computers, software, telecommunications equipment, and various commercial and industrial machinery. Additionally, through its subsidiaries, Marlin provides property insurance coverage for the equipment it finances and raises capital by issuing FDIC-insured deposits and money market demand accounts.

The company reaches its primary customers through a multi-faceted approach. It leverages a network of independent commercial equipment dealers, engages in national account programs, conducts direct solicitation, and partners with select lease and loan brokers to deliver its financing solutions across the country.

AI Analysis | Feedback

Like Ally Financial, but for business equipment financing instead of consumer auto loans.

They're a specialized bank, much like Silicon Valley Bank focused on tech startups, but Marlin provides equipment financing to small and mid-sized businesses.

AI Analysis | Feedback

  • Equipment Financing Solutions: Marlin provides financing for various types of commercial equipment to small and mid-sized businesses in the U.S.
  • Property Insurance Coverage: The company offers property insurance specifically for the equipment it finances.
  • FDIC-Insured Deposits and Money Market Accounts: Marlin issues FDIC-insured deposits and money market demand accounts through its subsidiaries.

AI Analysis | Feedback

Merlin (MRLN) primarily sells its equipment financing solutions to other companies.

The company's major customers are identified as a broad category of businesses:

  • Small and mid-sized businesses in the United States.

Marlin Business Services Corp. serves a diverse range of these businesses by providing financing for commercial equipment across approximately 100 categories, including copiers, security systems, computers and software, and telecommunications equipment. Specific names of individual customer companies are not disclosed in the provided information, as the company serves a wide and varied customer base of small and mid-sized enterprises.

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Jeffrey A. Hilzinger, President and Chief Executive Officer

Jeffrey A. Hilzinger served as the President and Chief Executive Officer of Marlin Business Services Corp. until its acquisition by funds managed by affiliates of HPS Investment Partners LLC in January 2022. He joined Marlin in 2007 and was appointed CEO in June 2016. Under his leadership, Marlin underwent a significant transformation, evolving into a comprehensive provider of credit products and services for small businesses over five years leading up to the acquisition.

Prior to joining Marlin, Mr. Hilzinger co-founded US Express Leasing (USXL) in 2004, a small ticket vendor finance startup that was later acquired by Tygris Commercial Finance Group in 2008. He also held the position of Chief Financial Officer at Tygris Vendor Finance. After EverBank acquired Tygris Commercial Finance Group in 2010, Mr. Hilzinger led its restructuring into EverBank Commercial Finance, where he served as President and oversaw its growth into a $4 billion diversified commercial finance platform. His extensive career includes over 20 years at Heller Financial, Inc., where he held various senior finance, credit, and operational leadership roles in asset-based lending, leveraged lending, and vendor equipment finance businesses. Additionally, he co-founded Aternus Partners, LLC, a management consulting firm.

Michael R. Bogansky, Senior Vice President and Chief Financial Officer

Michael R. Bogansky was the Senior Vice President and Chief Financial Officer of Marlin Business Services Corp., a position he assumed on February 1, 2019, and held until the company's acquisition in January 2022. In this role, he was responsible for overseeing Marlin’s accounting, financial reporting and planning, treasury, tax, and investor relations activities.

Before his tenure at Marlin, Mr. Bogansky served as the Senior Vice President and Chief Financial Officer of PHH Corporation (formerly NYSE:PHH) from March 2017 until its acquisition by Ocwen Financial Corporation in October 2018. He also held other leadership positions at PHH Corporation, including Senior Vice President, Corporate Controller & Principal Accounting Officer. Earlier in his career, he worked as a Senior Audit Associate with Deloitte & Touche, LLP, and as a Staff Auditor at Ernst & Young.

AI Analysis | Feedback

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AI Analysis | Feedback

The widespread shift towards Software-as-a-Service (SaaS), Hardware-as-a-Service (HaaS), and other subscription-based or managed service models for equipment and software traditionally financed through leases. This trend moves business spending from capital expenditure (CapEx), which Marlin facilitates, to operational expenditure (OpEx), thereby reducing the demand for traditional equipment financing for items such as computers, software, security systems, and telecommunications equipment.

AI Analysis | Feedback

Merlin Business Services Corp. (MRLN) operates within several significant addressable markets in the United States.

Equipment Financing Solutions

The U.S. equipment finance industry is a substantial market. In 2023, the industry expanded to an estimated $1.34 trillion. This market is projected to continue its growth, reaching approximately $1.59 trillion in 2026, from $1.43 trillion in 2025, at a compound annual growth rate (CAGR) of 10.7%. A significant portion of this market is accessible to Merlin, as small-ticket financing constituted 22.9% and middle-ticket financing accounted for 55.5% of new business volume in 2023. Merlin's focus on small and mid-sized businesses aligns with the broader U.S. middle market, which comprises 300,000 midsize businesses generating $13 trillion in annual revenue. Businesses with revenues between $11 million and $100 million alone contribute $5.4 trillion in annual revenue and represent nearly 90% of the total number of midsize businesses, indicating a robust segment for equipment financing solutions.

Property Insurance Coverage

Merlin also provides property insurance coverage on its financed equipment. The U.S. property and casualty insurance market is substantial, estimated at USD 1.14 trillion in 2026. This market is forecast to grow to USD 1.39 trillion by 2031, with a CAGR of 3.91% from 2026-2031. Specifically, the U.S. property insurance market is projected to experience a 9.93% CAGR from 2025 to 2035. The small commercial business segment within the property and casualty insurance market is anticipated to expand at a 4.49% CAGR through 2031, highlighting a targeted growth area for Merlin. The overall U.S. market for property and casualty insurance is projected to reach USD 758.71 billion by 2026.

FDIC-Insured Deposits and Money Market Demand Accounts

Merlin issues Federal Deposit Insurance Corporation (FDIC)-insured deposits and money market demand accounts. The total deposits held by U.S. banks currently amount to $18 trillion, with approximately half of these deposits being FDIC-insured. While the standard FDIC insurance limit is $250,000 per depositor per insured bank, many businesses, particularly small and mid-sized ones, often require larger insured balances. For instance, nearly half of small businesses with 50-99 employees have monthly payrolls exceeding the $250,000 FDIC threshold. This indicates a demand among businesses for secure and insured deposit solutions. The small business banking sector in the U.S., which includes various banking services for small businesses, was valued at USD 118.45 million in 2024 and is expected to grow to USD 165 million by 2033. This broad market for business deposits and related banking services represents the addressable market for Merlin's FDIC-insured deposit and money market demand accounts.

AI Analysis | Feedback

Marlin Business Services Corp. (MRLN) was acquired by funds managed by HPS Investment Partners LLC in an all-cash transaction, effective January 20, 2022. Following the completion of this acquisition, Marlin became a wholly-owned subsidiary of HPS Investment Partners LLC, and its common stock is no longer listed on the Nasdaq Global Select Market. As such, Marlin Business Services Corp. is no longer a public company, and information regarding forward guidance, earnings transcripts, or analyst commentary for a publicly traded entity is not available.

AI Analysis | Feedback

Inbound Investments

  • Marlin Business Services Corp. entered into a definitive agreement on April 19, 2021, to be acquired by funds managed by HPS Investment Partners LLC.
  • The acquisition involved an all-cash transaction where Marlin shareholders received $23.50 per share, representing a 65% premium over the company's closing stock price on April 16, 2021.
  • The acquisition was completed on January 20, 2022, resulting in Marlin Business Services Corp. becoming a privately held company and its shares no longer being listed on NASDAQ.

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

MRLNJOBYACHRAVAVKTOSLMTMedian
NameMerlin Joby Avi.Archer A.AeroViro.Kratos D.Lockheed. 
Mkt Price4.297.484.55141.8046.96520.6827.22
Mkt Cap0.37.13.57.18.3119.77.1
Rev LTM-7821,6101,41575,1061,415
Op Inc LTM--790-840-95287,422-95
FCF LTM--660-615-246-1335,662-246
FCF 3Y Avg--507-470-91-495,621-91
CFO LTM--543-487-174-407,368-174
CFO 3Y Avg--442-386-52247,368-52

Growth & Margins

MRLNJOBYACHRAVAVKTOSLMTMedian
NameMerlin Joby Avi.Archer A.AeroViro.Kratos D.Lockheed. 
Rev Chg LTM-69,873.9%-116.9%21.8%4.6%69.3%
Rev Chg 3Y Avg---55.7%15.0%4.3%15.0%
Rev Chg Q---143.4%22.6%0.3%22.6%
QoQ Delta Rev Chg LTM-45.4%533.3%17.5%5.1%0.1%17.5%
Op Inc Chg LTM--28.6%-64.2%-388.7%-5.5%0.9%-28.6%
Op Inc Chg 3Y Avg--25.8%-32.2%58,379.5%145.2%-4.0%-4.0%
Op Mgn LTM--1,017.0%-44,205.3%-5.9%2.0%9.9%-5.9%
Op Mgn 3Y Avg--201,109.9%-2.2%2.6%10.8%2.4%
QoQ Delta Op Mgn LTM-330.0%198,894.7%-0.8%-0.1%-0.4%-0.1%
CFO/Rev LTM--699.6%-25,652.6%-10.8%-2.8%9.8%-10.8%
CFO/Rev 3Y Avg--143,328.1%--2.8%2.4%10.2%-0.2%
FCF/Rev LTM--850.1%-32,368.4%-15.3%-9.4%7.5%-15.3%
FCF/Rev 3Y Avg--158,904.0%--6.3%-3.5%7.8%-4.9%

Valuation

MRLNJOBYACHRAVAVKTOSLMTMedian
NameMerlin Joby Avi.Archer A.AeroViro.Kratos D.Lockheed. 
Mkt Cap0.37.13.57.18.3119.77.1
P/S-90.91,836.44.45.91.65.9
P/Op Inc--8.9-4.2-74.2299.716.1-4.2
P/EBIT--8.9-4.2-64.1190.417.7-4.2
P/E--7.4-4.7-22.6282.425.0-4.7
P/CFO--13.0-7.2-40.5-206.016.2-13.0
Total Yield--13.6%-21.3%-4.4%0.4%6.0%-4.4%
Dividend Yield0.0%0.0%0.0%0.0%0.0%2.0%0.0%
FCF Yield 3Y Avg--9.7%-16.9%-1.1%-0.3%4.8%-1.1%
D/E0.00.10.00.10.00.20.1
Net D/E-0.4-0.2-0.50.0-0.20.2-0.2

Returns

MRLNJOBYACHRAVAVKTOSLMTMedian
NameMerlin Joby Avi.Archer A.AeroViro.Kratos D.Lockheed. 
1M Rtn-37.0%-18.3%-10.4%-16.9%-18.7%-3.6%-17.6%
3M Rtn-63.2%-12.2%-16.5%-27.1%-36.2%-15.4%-21.8%
6M Rtn-81.7%-51.5%-48.6%-61.7%-60.2%-4.4%-55.8%
12M Rtn-81.7%-37.9%-56.7%-46.2%-9.2%14.4%-42.1%
3Y Rtn-81.7%-24.1%-7.1%47.0%256.3%21.5%7.2%
1M Excs Rtn-42.6%-19.0%-13.3%-21.4%-17.8%-4.2%-18.4%
3M Excs Rtn-70.7%-20.6%-26.0%-31.3%-43.5%-24.9%-28.7%
6M Excs Rtn-90.3%-59.5%-56.3%-67.5%-63.4%-7.0%-61.5%
12M Excs Rtn-101.4%-59.0%-77.5%-60.0%-18.2%-4.5%-59.5%
3Y Excs Rtn-152.1%-89.6%-64.8%-23.5%174.7%-48.1%-56.5%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20242023
Single Segment11
Total11


Price Behavior

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MRLN Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta-0.610.721.541.570.990.22
Up Beta2.981.131.212.801.940.29
Down Beta-8.78-6.43-5.77-0.89-0.28-0.12
Up Capture-75%133%219%-13%-6%-1%
Bmk +ve Days11244067140429
Stock +ve Days61426303030
Down Capture266%418%455%234%154%83%
Bmk -ve Days10172358112321
Stock -ve Days152737434343

[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 MRLN
MRLN-52.6%171.4%-0.57-
Sector ETF (XLI)21.0%16.7%0.9727.2%
Equity (SPY)20.8%12.6%1.2321.3%
Gold (GLD)20.0%27.9%0.644.3%
Commodities (DBC)27.6%18.9%1.16-21.9%
Real Estate (VNQ)13.3%13.9%0.6615.5%
Bitcoin (BTCUSD)-44.8%42.7%-1.28-5.3%

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 MRLN
MRLN-13.1%103.6%-0.30-
Sector ETF (XLI)13.5%17.6%0.6019.7%
Equity (SPY)13.0%17.1%0.5914.1%
Gold (GLD)17.0%18.3%0.754.1%
Commodities (DBC)7.8%19.5%0.29-13.8%
Real Estate (VNQ)2.9%18.9%0.0610.2%
Bitcoin (BTCUSD)13.6%53.5%0.44-2.1%

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 MRLN
MRLN-2.0%69.7%0.26-
Sector ETF (XLI)14.3%20.0%0.6336.6%
Equity (SPY)15.4%17.9%0.7333.6%
Gold (GLD)11.3%16.1%0.572.0%
Commodities (DBC)6.3%18.0%0.2811.6%
Real Estate (VNQ)5.1%20.7%0.2135.5%
Bitcoin (BTCUSD)57.7%66.2%0.983.3%

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

Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity6.6 Mil
Short Interest: % Change Since 615202616.2%
Average Daily Volume2.9 Mil
Days-to-Cover Short Interest2.3 days
Basic Shares Quantity72.4 Mil
Short % of Basic Shares9.1%

Earnings Returns History

Updated 6/17/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/14/2026-9.4%-14.8%-12.6%
SUMMARY STATS   
# Positive000
# Negative111
Median Positive   
Median Negative-9.4%-14.8%-12.6%
Max Positive   
Max Negative-9.4%-14.8%-12.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/14/2026-9.4%-14.8%-12.6%
SUMMARY STATS   
# Positive000
# Negative111
Median Positive   
Median Negative-9.4%-14.8%-12.6%
Max Positive   
Max Negative-9.4%-14.8%-12.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/15/202610-Q
09/30/202502/12/2026424B3
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/15/202610-Q
09/30/202502/12/2026424B3

Insider Activity

Updated 5/22/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Goldman, Sachs Group Inc See footnotesBuy226202610.9655535,641,748Form
2Goldman, Sachs Group Inc See footnotesSell226202610.9533335,602,699Form
3Goldman, Sachs Group Inc See footnotesBuy226202610.993794,16635,756,645Form
4Goldman, Sachs Group Inc See footnotesSell226202611.003794,16835,763,291Form
5Goldman, Sachs Group Inc See footnotesBuy226202610.793,94442,55135,497,076Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Goldman, Sachs Group Inc See footnotesBuy226202610.9655535,641,748Form
2Goldman, Sachs Group Inc See footnotesSell226202610.9533335,602,699Form
3Goldman, Sachs Group Inc See footnotesBuy226202610.993794,16635,756,645Form
4Goldman, Sachs Group Inc See footnotesSell226202611.003794,16835,763,291Form
5Goldman, Sachs Group Inc See footnotesBuy226202610.793,94442,55135,497,076Form
6Goldman, Sachs Group Inc See footnotesSell226202610.804,44448,01335,498,650Form
7Goldman, Sachs Group Inc See footnotesSell226202610.734649330,395,328Form
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