SPHR Sphere Entertainment Co.
XNYS 109.14 +0.00% After hoursStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SPHR
$109.14
▲ +0.00%
Key stats
$109.14
After hours
$109.14
+0.00%
- 52-Week Range
- $64.00 – $181.63
- YTD
- +15.74%
- IV Rank (30D)
- 79.61
- Straddle Price
- $14.75
- P/C Vol Ratio
- 0.73
- Market Cap
- $4.1B
- Open
- $112.24
- Day Range
- $108.00 – $112.97
- Volume
- 777,421
- Prev Close
- $113.10
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.99% |
| Beta vs SPY | 1.37 |
| Cost of Equity (CAPM) | 12.51% (VRP-adj) |
| WACC | 11.51% |
| Volatility Risk Premium | +31.5pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +19.5% |
| DCF Horizon | 12 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.10 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.4B |
| Return on Equity (TTM) | -3.5% |
| Book / Price | 51.3% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 97.7% |
| FCF Margin (TTM) | 26.5% |
| Debt / Equity | 0.32 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | +4.2% (reverse-DCF on current price) |
| SMA 50 | $129.94 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $109.49 |
| Bollinger Width / SMA20 | 19.2% (drives anchor stability) |
| Net Debt | $0.2B |
| Market Cap | $4B |
Peers used for multiples: ACEL, GAME, RSVR, TKO, VENU
(SIC-code peers; ETF co-membership was sector-incoherent)
60-Day Conviction
12%
20-Day Fair Value
≈ by Nov 30, 2026
$108.75
α -0.4%
rank 69%
conviction
23%
40-Day Fair Value
≈ by Dec 29, 2026
$109.50
α +0.3%
rank 62%
conviction
11%
60-Day Fair Value
≈ by Jan 27, 2027
$109.47
α +0.3%
rank 71%
conviction
12%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $289.42 | 23% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | median 55.4× · 3 peers |
| Peer EV/EBITDA | $94.46 | 7% | median 11.0× · 3 peers |
| Peer P/B | $184.00 | 9% | median 3.2× · 5 peers |
| Peer P/S | $93.33 | 9% | median 2.4× · 5 peers |
| Market Anchor (SMA50) | $129.94 | 30% | stability 67% (BB-width) |
| Options Expected (B-L 30d) | $112.46 | 23% | 22 strikes · skew +0.27 |
As of 2026-10-30 · updated
Related
About
- Industry (SIC)
- SERVICES-AMUSEMENT & RECREATION SERVICES (7900) · industry map
- Exchange
- XNYS
- Market Cap
- $4.1B
- Employees
- 3,300
- List Date
- 2020-04-09
- CIK
- 0001795250
- Next Earnings
- 2026-11-03 (Pre-Market)
- EPS Forecast
- ($1.66)
- Headquarters
- New York, NY
- Homepage
- https://www.sphereentertainmentco.com
Sphere Entertainment Co is a live entertainment and media company. The firm creates, writes, casts, produces, and tours shows and events. The group has two reportable segments: Sphere and MSG Networks. Sphere is a next-generation entertainment medium, and MSG Networks operates two regional sports and entertainment networks, as well as a direct-to-consumer (DTC) and authenticated streaming product.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|
| Jan | -- | 5.58% | 12.26% | 1.28% | 6.37% |
| Feb | -- | 19.19% | -3.41% | 25.78% | 13.85% |
| Mar | -- | 10.82% | -13.19% | 2.62% | 0.08% |
| Apr | 9.88% | -20.95% | -17.35% | 18.90% | -2.38% |
| May | -20.96% | -7.50% | 39.01% | -4.32% | 1.56% |
| Jun | 18.83% | -7.13% | 10.41% | 18.69% | 10.20% |
| Jul | 53.64% | 28.48% | 3.24% | -14.14% | 17.80% |
| Aug | -14.96% | 11.27% | 11.30% | -7.46% | 0.04% |
| Sep | 1.70% | -0.83% | 35.07% | 0.86% | 9.20% |
| Oct | -20.30% | -4.63% | 7.47% | -15.10%* | -8.14% |
| Nov | 1.00% | -2.07% | 27.51% | -- | 8.81% |
| Dec | -1.57% | -1.78% | 14.36% | -- | 3.67% |
| Total | 8.65% | 23.16% | 190.42% | 20.10% | 60.58% |
* Only 4 year(s) of data available.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $108.58
SMA 50: $129.01
SMA 200: $130.51
Current: $110.04
EMA 12: $111.43
EMA 26: $116.30
MACD: -4.8677 | Signal: 1.7803
BEARISH
ADX (14): 25.06
TREND
+DI: 21.06
−DI: 28.91
Momentum Oscillators
RSI (14): 41.96
NEUTRAL
Stoch %K: 70.98
Stoch %D: 74.94
Williams %R: -37.59
Volume & Volatility
BB Upper: $116.25
BB Lower: $100.91
NEUTRAL
OBV: 16,912,362
Vol SMA 20: 1,050,858
Vol ROC: -56.97%
ATR: $5.64
True Range: $5.10
HV 20: 75.3%
HV 30: 64.5%
HV 60: 56.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-31T00:00:00 – 2026-10-29T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL with confidence level (6/10)
Key drivers:
- Technical signals: Bullish momentum from MACD, but neutral RSI
- Recent news sentiment: Mixed, with some positive headlines and negative earnings miss
Primary risks:
- High volatility, which could lead to large price swings
- Uncertainty surrounding the company's financials and growth prospects
Investment thesis:
Sphere Entertainment (SPHR) is a high-risk, high-reward stock that requires careful analysis. The technical signals are mixed, with both bullish and bearish momentum present. Recent news sentiment has been negative, but there have also been some positive headlines. With a beta of 1.42, the stock is more volatile than the market, which could lead to large price swings.
Recent news sentiment impact:
The recent news headlines have had a mixed impact on the stock's performance. The positive headlines about the company's growth potential and product launches have helped to support the stock, while the negative earnings miss has put downward pressure on the price.
Technical Analysis
Trend direction: Short-term (1-4 weeks) - Bullish Medium-term (1-3 months) - Neutral Long-term (3-12 months) - Bearish
Support/resistance levels:
- Upper Bollinger Band: $144.41
- Middle Bollinger Band: $135.54
- Lower Bollinger Band: $126.67
- SMA 20: $135.54
- SMA 50: $126.95
- SMA 200: $90.29
Momentum signals:
- RSI interpretation: Neutral (46.65)
- MACD signal: Bullish momentum
- Bollinger Bands position: Neutral
Volume analysis:
- Volume SMA 20: 764713.10
- On-Balance Volume (OBV): 8625145.70
- Volume Rate of Change: 10.41%
News & Sentiment Analysis
Recent headlines summary:
The recent news headlines have been mixed, with some positive articles about the company's growth potential and product launches, while others have been negative, including a earnings miss.
Sentiment assessment:
Aggregate news sentiment is NEUTRAL, as there are both positive and negative headlines present.
Catalyst identification:
No specific catalysts are identified in the recent news headlines, but there may be some upcoming events or announcements that could impact the stock's price.
Market narrative:
The market narrative is mixed, with some articles highlighting the company's growth potential, while others are more bearish on its prospects.
Risk & Volatility Assessment
Risk assessment:
Sphere Entertainment (SPHR) has a high risk profile due to its high volatility and beta of 1.42.
Volatility regime:
The current volatility regime is HIGH, as the stock has experienced large price swings in recent weeks.
Options market signals:
IV rank: Low (0.8%) Current IV: 61.4% Expected Move: $19.85 (39 DTE) Volume Flow: 495 calls vs 45 puts Open Interest: 725 calls vs 1,246 puts
Downside protection:
The stock has some support levels present, including the SMA 20 and the middle Bollinger Band, which could help to contain any potential price declines.
Market Context & Positioning
Market context:
Sphere Entertainment (SPHR) is a small-cap stock that is highly volatile and has a high risk profile. The company's financials are not publicly disclosed, but there have been some recent earnings misses that have put downward pressure on the stock.
Positioning:
The stock has some support levels present, including the SMA 20 and the middle Bollinger Band, which could help to contain any potential price declines. However, the stock is still highly volatile and requires careful analysis before making an investment decision.
Key Levels & Action Items
Critical price levels:
- Upper Bollinger Band: $144.41
- Middle Bollinger Band: $135.54
- Lower Bollinger Band: $126.67
- SMA 20: $135.54
- SMA 50: $126.95
- SMA 200: $90.29
Breakout/breakdown levels:
No specific breakout or breakdown levels are identified, but there may be some upcoming events or announcements that could impact the stock's price.
Time-sensitive catalysts:
No specific time-sensitive catalysts are identified in the recent news headlines, but there may be some upcoming earnings releases or product launches that could impact the stock's price.
Risk management:
The risk of investing in Sphere Entertainment (SPHR) is high due to its high volatility and beta. Therefore, it is important to set a stop-loss level and consider using options strategies to manage risk.
Generated
News
All SPHR news →
Earnings History
13 of 14 under expected move
Avg Expected Move
11.40%
Avg Actual Move
6.26%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2023-05-10 | Pre-Market | 8.23% | 12.80% | 1.56x | Exceeded |
| 2023-08-22 | Pre-Market | 15.11% | 7.73% | 0.51x | Within |
| 2023-11-08 | Pre-Market | 13.63% | 4.52% | 0.33x | Within |
| 2024-02-05 | Pre-Market | 12.43% | 10.05% | 0.81x | Within |
| 2024-05-10 | Pre-Market | 10.69% | 4.85% | 0.45x | Within |
| 2024-08-14 | Pre-Market | 11.10% | 9.30% | 0.84x | Within |
| 2024-11-12 | Pre-Market | 9.08% | 6.97% | 0.77x | Within |
| 2025-03-03 | Pre-Market | 13.98% | 13.61% | 0.97x | Within |
| 2025-05-08 | Pre-Market | 12.59% | 6.04% | 0.48x | Within |
| 2025-08-11 | After-Close | 8.07% | 0.16% | 0.02x | Within |
| 2025-11-04 | After-Close | 11.45% | 5.72% | 0.50x | Within |
| 2026-02-12 | After-Close | 7.56% | 0.02% | 0.00x | Within |
| 2026-05-05 | Pre-Market | 11.65% | 0.10% | 0.01x | Within |
| 2026-07-30 | Pre-Market | 14.09% | 5.81% | 0.41x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
SPHR Options Activity & IV Rank
SPHR IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 64.1%
7-DTE IV: 70.2%
Expected Move: $14.75
7-DTE Move: $14.75
Days to Exp: 21 (2026-11-20)
Options Flow
Call Volume: 842
Put Volume: 613
P/C Volume: 0.728
NEUTRAL
Call OI: 6,337
Put OI: 1,914
P/C OI: 0.302
Total OI: 8,251
ATM Options Pricing
ATM Call: $7.05
ATM Put: $7.70
Call %: 6.5%
Put %: 7.1%
Chain Summary
Chain Volume: 2,670
Chain OI: 21,707
Last Updated: 10/30/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 19th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
19%
vs own history
GEX tilt
+0.18
OI-weighted, today
Vanna tilt
-0.21
δ-sensitivity to IV
Charm tilt
+0.29
δ-decay vs time
? What is this?
· 34 ATM contracts, 4k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)68.8MediumOct 30
IV Rank (30 DTE)79.6HighOct 30
Straddle Price (30 DTE)$14.75Oct 30
Beta Analysis
Risk Metrics
Beta: 1.2769
Alpha: 48.15%
Correlation: 0.3014
R-Squared: 9.1%
Stock Volatility: 54.2%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own SPHR
4 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $124.1M | #276 of 3716 | +152.0% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $44.3M | #375 of 3138 | -54.3% | 13F | |
| Point72 Hedge fund Steve Cohen | $31.9M | #448 of 1945 | -35.0% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $105K | #2962 of 4729 | +0.2% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
SPHR Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 38,381,500 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
14 filers$306.72M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $117.66M | 38.36% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $80.98M | 26.40% | 2026-06-30 |
| 3 | Susquehanna International Group, LLP Custodian | $53.81M | 17.54% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $13.74M | 4.48% | 2025-09-30 |
| 5 | IMC-Chicago, LLC Custodian | $12.94M | 4.22% | 2026-06-30 |
| 6 | D. E. Shaw & Co., Inc. Custodian | $11.39M | 3.71% | 2026-06-30 |
| 7 | GROUP ONE TRADING LLC Custodian | $4.69M | 1.53% | 2026-06-30 |
| 8 | TUDOR INVESTMENT CORP ET AL | $4.64M | 1.51% | 2026-06-30 |
| 9 | Walleye Capital LLC | $2.94M | 0.96% | 2026-06-30 |
| 10 | Two Sigma Investments, LP Custodian | $1.38M | 0.45% | 2026-06-30 |
| 11 | Walleye Trading LLC | $1.18M | 0.38% | 2026-06-30 |
| 12 | Simplex Trading, LLC Custodian | $778.63K | 0.25% | 2026-06-30 |
| 13 | Twin Tree Management, LP | $553.70K | 0.18% | 2026-06-30 |
| 14 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $43.70K | 0.01% | 2026-09-30 |
13 filers$169.65M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $79.91M | 47.10% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $43.60M | 25.70% | 2026-06-30 |
| 3 | Jane Street Group, LLC Custodian | $7.68M | 4.53% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $7.36M | 4.34% | 2025-09-30 |
| 5 | IMC-Chicago, LLC Custodian | $6.99M | 4.12% | 2026-06-30 |
| 6 | D. E. Shaw & Co., Inc. Custodian | $6.37M | 3.75% | 2026-06-30 |
| 7 | Caption Management, LLC | $4.84M | 2.86% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $4.69M | 2.76% | 2026-06-30 |
| 9 | GROUP ONE TRADING LLC Custodian | $2.82M | 1.66% | 2026-06-30 |
| 10 | Walleye Capital LLC | $2.39M | 1.41% | 2026-06-30 |
| 11 | Two Sigma Investments, LP Custodian | $2.01M | 1.18% | 2026-06-30 |
| 12 | Twin Tree Management, LP | $588.30K | 0.35% | 2026-06-30 |
| 13 | Raymond James Financial, Inc. Custodian | $408.00K | 0.24% | 2026-06-30 |
SPHR Insider Trading (Form 4)
Latest: 2026-09-17Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-17 | Ryan Thomas Dolan | Director | Mixed | +1,603 | $144.12 | -$128.8K | EDGAR |
| 2026-09-17 | David Granville-Smith | Executive Vice President | Mixed | +38,362 | $144.12 | -$6.84M | EDGAR |
| 2026-09-17 | Jennifer Koester | President & COO, Sphere | Mixed | +23,289 | $144.12 | -$3.50M | EDGAR |
| 2026-09-17 | Kristin A Dolan | Director | Mixed | +105,330 | $144.12 | -$15.83M | EDGAR |
| 2026-06-12 | Charles P Dolan | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Marianne Dolan Weber | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Debra Golding Perelman | Director | Grant (A) | +1,833 RSU | — | EDGAR | |
| 2026-06-12 | John L Sykes | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Isiah Thomas III | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Joseph Lhota | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Kristin A Dolan | Director | Grant (A) | +3,446 RSU | — | EDGAR | |
| 2026-06-12 | Vincent Tese | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Joel M. Litvin | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Paul Joseph Dolan | Director | Grant (A) | +1,173 RSU | — | EDGAR | |
| 2026-06-12 | Brian Sweeney | Director | Grant (A) | +2,346 RSU | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
SPHR Insider Holdings
20 insiders · @ $110.04
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Kristin A Dolan | Director | 1,045,252 | $115.02M | $21.41M | 25 | 2026-09-17 |
| 2 | James Lawrence Dolan | Executive Chairman / CEO | 838,084 | $92.22M | $0 | 10 | 2025-09-10 |
| 3 | Andrea Greenberg | President/CEO-MSG Networks | 98,994 | $10.89M | -$618.7K | 14 | 2025-03-14 |
| 4 | David Granville-Smith | Executive Vice President | 82,803 | $9.11M | $0 | 10 | 2026-09-17 |
| 5 | Charles F Dolan | Director | 55,386 | $6.09M | $0 | 10 | 2024-12-11 |
| 6 | Jennifer Koester | President & COO, Sphere | 42,906 | $4.72M | $0 | 9 | 2026-09-17 |
| 7 | Thomas Charles Dolan | Director | 29,355 | $3.23M | $0 | 10 | 2026-06-12 |
| 8 | Brian Sweeney | Director | 25,841 | $2.84M | $0 | 8 | 2026-06-12 |
| 9 | Laura Franco | EVP & General Counsel | 15,335 | $1.69M | $0 | 5 | 2025-09-17 |
| 10 | Marianne Dolan Weber | Director | 11,922 | $1.31M | $0 | 10 | 2026-06-12 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
SPHR Board & Officers
As of SEC filings through Sep 17, 2026Directors 16
- Brian Sweeney · since Apr 6, 2020
- James Lawrence Dolan · since Apr 6, 2020
- Kristin A Dolan · since Apr 6, 2020
- Charles P Dolan · since Apr 17, 2020
- Isiah Thomas III · since Apr 17, 2020
- John L Sykes · since Apr 17, 2020
- Joseph Lhota · since Apr 17, 2020
- Quentin F Dolan · since Apr 17, 2020
- Ryan Thomas Dolan · since Apr 17, 2020
- Vincent Tese · since Apr 17, 2020
- Charles F Dolan · listed since Apr 2020
- Joel M. Litvin · since Jul 9, 2021
- Marianne Dolan Weber · listed since Dec 2023
- Paul Joseph Dolan · listed since Dec 2023
- Thomas Charles Dolan · listed since Dec 2023
- Debra Golding Perelman · since Jun 4, 2025
Officers 7
- James Lawrence Dolan · Executive Chairman and CEO · listed since Sep 2023
- David Granville-Smith · Executive Vice President · since Jun 15, 2023
- Jennifer Koester · President & COO, Sphere · listed since Aug 2024
- Robert H. Langer · EVP, CFO & Treasurer · since Jan 13, 2025
- Allen M. Lo · EVP & Chief Legal Officer · since Mar 30, 2026
- Laura Franco · EVP & General Counsel · since Feb 20, 2024
- Christopher J. Winters · SVP, Controller & PAO · since Nov 24, 2025
10% owners 3
- James Lawrence Dolan · listed since Jan 2025
- Kathleen Margaret Dolan · listed since Sep 2025
- Kristin A Dolan · listed since Jan 2025
Changes in the last 10 years (59)
| Mar 30, 2026 | Allen M. Lo became EVP & Chief Legal Officer |
| Nov 24, 2025 | Christopher J. Winters became SVP, Controller & PAO |
| Sep 22, 2025 | The company announced the departure of Gregory Brunner as SVP, Controller & PAO in an SEC filing |
| Sep 10, 2025 | Kathleen Margaret Dolan first listed as a 10% owner in an SEC filing |
| Sep 2, 2025 | The company announced the departure of Andrea Greenberg as President/CEO-MSG Networks in an SEC filing |
| Jun 4, 2025 | Debra Golding Perelman became a director |
| Jan 13, 2025 | Robert H. Langer became EVP, CFO & Treasurer |
| Jan 10, 2025 | Kristin A Dolan first listed as a 10% owner in an SEC filing |
| Jan 10, 2025 | James Lawrence Dolan first listed as a 10% owner in an SEC filing |
| Oct 8, 2024 | The company announced the departure of David F. Byrnes as EVP, CFO & Treasurer in an SEC filing |
| Aug 29, 2024 | Jennifer Koester listed as President & COO, Sphere (previously President-Sphere Business Ops.) in SEC filings |
| Feb 20, 2024 | Laura Franco became EVP & General Counsel |
| Feb 5, 2024 | Jennifer Koester became President-Sphere Business Ops. |
| Dec 12, 2023 | Thomas Charles Dolan first listed as a director in an SEC filing |
| Dec 12, 2023 | Paul Joseph Dolan first listed as a director in an SEC filing |
| Dec 12, 2023 | Marianne Dolan Weber first listed as a director in an SEC filing |
| Dec 12, 2023 | David F. Byrnes first listed as EVP, CFO & Treasurer in an SEC filing |
| Nov 13, 2023 | Charles F Dolan first listed as a 10% owner in an SEC filing |
| Nov 6, 2023 | Gautam Ranji reported in an SEC filing no longer being EVP, CFO & Treasurer |
| Sep 6, 2023 | James Lawrence Dolan first listed as Executive Chairman and CEO in an SEC filing |
| Jun 15, 2023 | David Granville-Smith became Executive Vice President |
| Jun 5, 2023 | Gregory Brunner became SVP, Controller & PAO |
| Apr 21, 2023 | Philip Gerard D'Ambrosio reported in an SEC filing no longer being SVP and Treasurer |
| Apr 21, 2023 | Martin Bandier reported in an SEC filing no longer being a director |
| Apr 21, 2023 | Jamal H Haughton reported in an SEC filing no longer being EVP & General Counsel |
| Apr 21, 2023 | Frederic V Salerno reported in an SEC filing no longer being a director |
| Apr 21, 2023 | David F. Byrnes reported in an SEC filing no longer being EVP & Chief Financial Officer |
| Apr 21, 2023 | Courtney M Zeppetella reported in an SEC filing no longer being SVP, Controller & CAO |
| Apr 20, 2023 | Gautam Ranji became EVP, CFO & Treasurer |
| Apr 20, 2023 | Carl E Vogel became a director |
| Apr 12, 2023 | Leinauer Corby Dolan first listed as a 10% owner in an SEC filing |
| May 2, 2022 | Courtney M Zeppetella became SVP, Controller & CAO |
| Mar 23, 2022 | The company announced the departure of Joseph F Yospe as SVP, Controller & PAO in an SEC filing |
| Mar 15, 2022 | The company announced the departure of Andrew Lustgarten as President in an SEC filing |
| Jan 24, 2022 | David F. Byrnes became EVP & Chief Financial Officer |
| Dec 6, 2021 | Jamal H Haughton became EVP & General Counsel |
| Jul 9, 2021 | Joel M. Litvin became a director |
| Jul 9, 2021 | Andrea Greenberg became President/CEO-MSG Networks |
| Dec 28, 2020 | Philip Gerard D'Ambrosio listed as SVP and Treasurer (previously SVP, Treasurer and Secretary) in SEC filings |
| Jul 1, 2020 | Scott S Packman became EVP & General Counsel |
| Apr 20, 2020 | Philip Gerard D'Ambrosio listed as SVP, Treasurer and Secretary (previously Interim CFO, Treasurer & Sec.) in SEC filings |
| Apr 20, 2020 | Charles F Dolan first listed as a director in an SEC filing |
| Apr 17, 2020 | Vincent Tese became a director |
| Apr 17, 2020 | Ryan Thomas Dolan became a director |
| Apr 17, 2020 | Quentin F Dolan became a director |
| Apr 17, 2020 | Matthew Blank became a director |
| Apr 17, 2020 | Martin Bandier became a director |
| Apr 17, 2020 | Mark H FitzPatrick became EVP & Chief Financial Officer |
| Apr 17, 2020 | Joseph Lhota became a director |
| Apr 17, 2020 | John L Sykes became a director |
| Apr 17, 2020 | Isiah Thomas III became a director |
| Apr 17, 2020 | Charles P Dolan became a director |
| Apr 6, 2020 | Philip Gerard D'Ambrosio became Interim CFO, Treasurer & Sec. |
| Apr 6, 2020 | Kristin A Dolan became a director |
| Apr 6, 2020 | Joseph F Yospe became SVP, Controller & PAO |
| Apr 6, 2020 | James Lawrence Dolan became a director |
| Apr 6, 2020 | Frederic V Salerno became a director |
| Apr 6, 2020 | Brian Sweeney became a director |
| Apr 6, 2020 | Andrew Lustgarten became President |
Not reported recently (5)
- Carl E Vogel · Last reported as a director in an SEC filing dated Dec 11, 2024
- Leinauer Corby Dolan · Last reported as a 10% owner in an SEC filing dated Apr 12, 2023
- Mark H FitzPatrick · Last reported as EVP & Chief Financial Officer in an SEC filing dated Sep 17, 2021
- Scott S Packman · Last reported as EVP & General Counsel in an SEC filing dated Sep 17, 2021
- Matthew Blank · Last reported as a director in an SEC filing dated Dec 14, 2020
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
SPHR Proposed Insider Sales (Form 144)
Latest: 2026-03-26
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-03-26 | Charles F. Dolan 2009 Revocable Trust | Director, Affiliate | 24,389 | $2.82M | 2026-03-26 | J.P. Morgan Securities LLC | — | EDGAR |
| 2025-11-25 | GREENBERG ANDREA | Former Officer | 10,000 | $805.1K | 2025-11-25 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-11-12 | Franco Laura | Former Officer | 4,617 | $370.9K | 2025-11-12 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-11-07 | GREENBERG ANDREA | Former Officer | 8,500 | $638.4K | 2025-11-07 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-11-04 | GREENBERG ANDREA | Former Officer | 20,000 | $1.42M | 2025-11-04 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-09-18 | GREENBERG ANDREA | Former Officer | 8,500 | $531.2K | 2025-09-18 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-09-11 | GREENBERG ANDREA | Former Officer | 17,620 | $1.02M | 2025-09-11 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-03-10 | The Charles F. Dolan 2009 Revocable Trust | Other | 55,385 | $1.93M | 2025-03-10 | J.P. Morgan Securities LLC | — | EDGAR |
| 2024-03-08 | GREENBERG ANDREA | Officer | 12,132 | $618.7K | 2024-03-08 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2024-02-13 | Byrnes David F. | Officer | 4,704 | $196.8K | 2024-02-13 | Fidelity Brokerage Services LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
99 ETFs hold SPHR
25 shown · $890.15M total exposure · 0.17% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | IJR iShares Core S&P Small-Cap ETF | iShares (BlackRock) | 0.17% | $181.1M | $106.5B | 2026-10-28 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $111.7M | — | 2026-09-30 |
| 3 | IWM iShares Russell 2000 ETF | iShares (BlackRock) | 0.10% | $79.2M | $77.1B | 2026-10-28 |
| 4 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.04% | $79.2M | — | 2026-09-30 |
| 5 | VBK Vanguard Morningstar Small-Cap Growth ETF | Vanguard | 0.10% | $44.1M | — | 2026-09-30 |
| 6 | VXF Vanguard Extended Market ETF | Vanguard | 0.04% | $40.9M | — | 2026-09-30 |
| 7 | XSMO Invesco S&P SmallCap Momentum ETF | Invesco | 1.24% | $35.3M | — | 2026-10-28 |
| 8 | IWN iShares Russell 2000 Value ETF | iShares (BlackRock) | 0.21% | $29.1M | $14.2B | 2026-10-28 |
| 9 | SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF | SPDR (State Street) | 0.17% | $27.6M | $16.0B | 2026-10-28 |
| 10 | IJT iShares S&P Small-Cap 600 Growth ETF | iShares (BlackRock) | 0.36% | $27.3M | $7.6B | 2026-10-28 |
| 11 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.07% | $25.8M | — | 2026-10-28 |
| 12 | SAMT Strategas Macro Thematic Opportunities ETF | Nport | 2.49% | $21.8M | — | 2026-06-30 |
| 13 | VTWO Vanguard Russell 2000 ETF | Vanguard | 0.12% | $21.7M | — | 2026-09-30 |
| 14 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.07% | $19.9M | — | 2026-10-28 |
| 15 | BSVO EA Bridgeway Omni Small-Cap Value ETF | Nport | 0.82% | $19.6M | — | 2026-06-30 |
| 16 | FESM Fidelity Enhanced Small Cap Core ETF | Fidelity | 0.27% | $18.0M | $6.8B | 2026-10-28 |
| 17 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.08% | $17.8M | — | 2026-05-31 |
| 18 | SLYG State Street® SPDR® S&P 600™ Small Cap Growth ETF | SPDR (State Street) | 0.37% | $17.2M | $4.7B | 2026-10-28 |
| 19 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.02% | $15.4M | — | 2026-10-28 |
| 20 | VOX Vanguard Communication Services ETF | Vanguard | 0.21% | $13.0M | — | 2026-09-30 |
| 21 | VIOO Vanguard S&P Small-Cap 600 ETF | Vanguard | 0.21% | $12.9M | — | 2026-09-30 |
| 22 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.16% | $12.0M | — | 2026-10-28 |
| 23 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.03% | $8.2M | — | 2026-10-28 |
| 24 | JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF | JPMorgan | 0.20% | $5.9M | $3.0B | 2026-10-29 |
| 25 | AVSC Avantis U.S. Small Cap Equity ETF | Avantis | 0.18% | $5.8M | $3.2B | 2026-10-28 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$-2.30
TTM Revenue
$1.36B
TTM Net Income
$-76.84M
TTM Op. Cash Flow
$398.64M
Quarterly figures (11 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $313.64M | $-38.79M | $-1.07 | $-33.66M |
| Q1 '26 | 2026-03-31 | $386.41M | $-1.59M | $-0.04 | $136.24M |
| Q4 '25 | 2025-12-31 | $394.28M | $64.74M | $1.61 | $180.22M |
| Q3 '25 | 2025-09-30 | $262.51M | $-101.20M | $-2.80 | $115.84M |
| Q2 '25 | 2025-06-30 | $282.68M | $151.82M | $3.39 | $-59.06M |
| Q1 '25 | 2025-03-31 | $280.57M | $-81.95M | $-2.27 | $6.35M |
| Q3 '24 | 2024-09-30 | $227.91M | $-105.28M | $-2.95 | $34.10M |
| Q4 '24 | 2024-06-30 | $204.25M | $-1.54M | $-0.08 | $-82.33M |
| Q2 '24 | 2023-12-31 | $314.16M | $-173.25M | $-4.91 | — |
| Q1 '24 | 2023-09-30 | $321.33M | $-47.24M | $-1.33 | $101.02M |
| Q4 '23 | 2023-06-30 | $129.10M | $536.79M | $15.38 | $15.77M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-30
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
—
P/B
1.88
P/S
3.09
EV/EBITDA
13.86
EV/Sales
3.21
ROE
-3.4%
ROA
-1.9%
Div Yield
0.00%
FCF Yield
9.52%
Debt/Equity
0.32
Current Ratio
—
Market Cap
$4.19B
as of 2026-10-30
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
7.00M
SI % of Float
25.89%
Days to Cover
13.21
Short Vol Ratio
50.8%
Free Float
27.03M
Float %
93.1%
Short interest 2026-09-30 • Short volume 2026-10-29 • Float 2026-08-24