Financial Snapshot

Revenue
$274.5M
TTM
Gross Margin
Net Earnings
$12.34M
TTM
Current Assets
Current Liabilities
Current Ratio
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$394.1M
Q3 2024
Cash
Q3 2024
P/E
108.3
Nov 14, 2024 EST
Free Cash Flow
$45.88M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue $241.7M $198.4M $150.5M $67.37M $44.90M $33.06M $4.310M $0.00 $0.00 $49.10M $61.70M $76.30M $75.50M $65.00M $40.30M $43.00M $33.60M $25.00M $17.80M $15.80M $8.900M $13.50M $22.60M $4.900M $6.000M $900.0K $100.0K $0.00
YoY Change 21.87% 31.77% 123.45% 50.03% 35.83% 667.01% -100.0% -20.42% -19.13% 1.06% 16.15% 61.29% -6.28% 27.98% 34.4% 40.45% 12.66% 77.53% -34.07% -40.27% 361.22% -18.33% 566.67% 800.0% -100.0%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Revenue $241.7M $198.4M $150.5M $67.37M $44.90M $33.06M $4.310M $0.00 $0.00 $49.10M $61.70M $76.30M $75.50M $65.00M $40.30M $43.00M $33.60M $25.00M $17.80M $15.80M $8.900M $13.50M $22.60M $4.900M $6.000M $900.0K $100.0K $0.00
Cost Of Revenue $0.00 $0.00 $36.50M $42.30M $51.60M $57.60M $46.90M $31.10M $35.00M $30.40M $24.30M $18.10M $18.10M $13.90M $21.00M $26.70M $8.000M $5.900M $1.200M $200.0K $0.00
Gross Profit $0.00 $0.00 $12.70M $19.40M $24.70M $17.90M $18.00M $9.200M $8.000M $3.200M $700.0K -$300.0K -$2.300M -$5.100M -$7.500M -$4.200M -$3.100M $100.0K -$300.0K $0.00 $0.00
Gross Profit Margin 25.87% 31.44% 32.37% 23.71% 27.69% 22.83% 18.6% 9.52% 2.8% -1.69% -14.56% -57.3% -55.56% -18.58% -63.27% 1.67% -33.33% 0.0%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Selling, General & Admin $189.5M $125.7M $76.13M $43.21M $21.54M $14.52M $2.866M $1.447M $1.300M $17.30M $18.90M $20.80M $20.00M $18.40M $16.00M $17.00M $18.80M $17.50M $13.70M $11.90M $9.400M $9.700M $11.00M $6.200M $4.000M $1.900M $1.300M $500.0K
YoY Change 50.82% 65.07% 76.18% 100.63% 48.31% 406.73% 98.06% 11.31% -92.49% -8.47% -9.13% 4.0% 8.7% 15.0% -5.88% -9.57% 7.43% 27.74% 15.13% 26.6% -3.09% -11.82% 77.42% 55.0% 110.53% 46.15% 160.0% 150.0%
% of Gross Profit 136.22% 97.42% 84.21% 111.73% 102.22% 173.91% 212.5% 587.5% 2500.0% 4000.0%
Research & Development $0.00 $0.00 $6.700M $7.400M $5.400M $4.700M $3.400M $4.200M $5.100M $5.700M $7.900M $11.40M $10.00M $9.200M $10.70M $14.90M $9.900M $1.500M $4.000M $2.600M $1.000M
YoY Change -100.0% -9.46% 37.04% 14.89% 38.24% -19.05% -17.65% -10.53% -27.85% -30.7% 14.0% 8.7% -14.02% -28.19% 50.51% 560.0% -62.5% 53.85% 160.0% 150.0%
% of Gross Profit 52.76% 38.14% 21.86% 26.26% 18.89% 45.65% 63.75% 178.13% 1128.57% 1500.0%
Depreciation & Amortization $29.96M $27.35M $272.0K $105.0K $30.00K $10.89M $1.887M $1.000K $0.00 $1.220M $1.080M $1.280M $1.380M $1.890M $1.950M $1.900M $1.990M $2.140M $2.010M $2.280M $2.420M $3.700M $2.680M $1.070M $630.0K $340.0K $110.0K
YoY Change 9.53% 9955.88% 159.05% 250.0% -99.72% 477.32% 188600.0% -100.0% 12.96% -15.63% -7.25% -26.98% -3.08% 2.63% -4.52% -7.01% 6.47% -11.84% -5.79% -34.59% 38.06% 150.47% 69.84% 85.29% 209.09%
% of Gross Profit 9.61% 5.57% 5.18% 7.71% 10.5% 21.2% 23.75% 62.19% 305.71% 630.0%
Operating Expenses $220.8M $154.9M $110.2M $58.68M $32.09M $26.13M $4.750M $1.447M $1.300M $24.00M $26.30M $26.20M $24.80M $21.90M $20.20M $22.10M $24.60M $25.40M $25.00M $21.90M $18.60M $21.60M $30.00M $22.70M $7.200M $6.000M $3.800M $1.500M
YoY Change 42.52% 40.61% 87.78% 82.85% 22.82% 450.06% 228.27% 11.31% -94.58% -8.75% 0.38% 5.65% 13.24% 8.42% -8.6% -10.16% -3.15% 1.6% 14.16% 17.74% -13.89% -28.0% 32.16% 215.28% 20.0% 57.89% 153.33% 150.0%
Operating Profit $20.92M $43.42M $40.35M $8.689M $12.81M -$1.447M -$1.300M -$11.30M -$6.900M -$1.500M -$6.900M -$3.900M -$11.00M -$14.10M -$21.40M -$24.70M -$25.30M -$24.20M -$23.70M -$29.10M -$34.20M -$25.80M -$7.100M -$6.300M -$3.800M -$1.500M
YoY Change -51.82% 7.63% 364.33% -32.18% 11.31% -88.5% 63.77% 360.0% -78.26% 76.92% -64.55% -21.99% -34.11% -13.36% -2.37% 4.55% 2.11% -18.56% -14.91% 32.56% 263.38% 12.7% 65.79% 153.33% 200.0%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Interest Expense -$21.87M -$9.505M $21.36M $10.73M $9.415M -$9.877M -$990.0K $0.00 $0.00 -$400.0K -$400.0K -$300.0K -$200.0K -$100.0K -$100.0K $300.0K $800.0K $1.400M $2.600M $1.100M $1.800M $3.100M $6.200M $4.400M $400.0K $300.0K $100.0K $100.0K
YoY Change 130.11% -144.5% 99.03% 13.99% -195.32% 897.68% -100.0% 0.0% 33.33% 50.0% 100.0% 0.0% -133.33% -62.5% -42.86% -46.15% 136.36% -38.89% -41.94% -50.0% 40.91% 1000.0% 33.33% 200.0% 0.0%
% of Operating Profit -104.55% -21.89% 52.94% 123.51% 73.49%
Other Income/Expense, Net -$2.189M $1.545M -$36.65M -$11.72M -$11.37M $0.00 $1.000K $0.00 -$200.0K -$400.0K $100.0K $0.00 $0.00 $0.00 $300.0K $100.0K $300.0K -$200.0K -$100.0K $100.0K $0.00 $0.00 -$1.600M -$3.600M $0.00 $0.00 $0.00
YoY Change -241.68% -104.22% 212.7% 3.06% -100.0% -100.0% -50.0% -500.0% -100.0% 200.0% -66.67% -250.0% 100.0% -200.0% -100.0% -55.56%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Pretax Income -$3.140M $35.46M $3.697M -$3.031M $1.439M -$2.947M -$1.430M -$1.446M -$1.300M -$12.60M -$8.400M -$1.900M -$7.100M -$4.000M -$11.10M -$13.40M -$20.50M -$21.10M -$22.90M -$28.30M -$21.70M -$27.60M -$28.00M -$23.10M -$10.20M -$6.000M -$3.700M -$1.300M
YoY Change -108.85% 859.24% -221.97% -310.63% -148.83% 106.08% -1.11% 11.23% -89.68% 50.0% 342.11% -73.24% 77.5% -63.96% -17.16% -34.63% -2.84% -7.86% -19.08% 30.41% -21.38% -1.43% 21.21% 126.47% 70.0% 62.16% 184.62% 160.0%
Income Tax $4.632M $6.064M -$7.070M -$26.84M -$10.50M -$8.935M -$1.911M $0.00 $0.00 $300.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
% Of Pretax Income 17.1% -191.24% -729.81%
Net Earnings -$7.133M $29.21M $9.174M $23.09M $11.94M $5.988M $1.114M -$15.87M -$6.500M -$12.80M -$8.400M -$1.900M -$7.100M -$3.900M -$11.00M -$13.40M -$20.50M -$21.10M -$22.90M -$28.30M -$21.70M -$27.60M -$28.00M -$42.20M -$39.80M -$8.800M -$4.600M -$1.600M
YoY Change -124.42% 218.36% -60.26% 93.33% 99.42% 437.52% -107.02% 144.09% -49.22% 52.38% 342.11% -73.24% 82.05% -64.55% -17.91% -34.63% -2.84% -7.86% -19.08% 30.41% -21.38% -1.43% -33.65% 6.03% 352.27% 91.3% 187.5% 220.0%
Net Earnings / Revenue -2.95% 14.72% 6.09% 34.27% 26.59% 18.11% 25.85% -26.07% -13.61% -2.49% -9.4% -6.0% -27.3% -31.16% -61.01% -84.4% -128.65% -179.11% -243.82% -204.44% -123.89% -861.22% -663.33% -977.78% -4600.0%
Basic Earnings Per Share -$0.06 $0.25 $0.13 $0.37 $0.19
Diluted Earnings Per Share -$0.06 $0.24 $0.08 $0.36 $0.19 $64.71K $23.09K -$683.6K -$0.28 -$0.57 -$0.43 -$0.10 -$0.44 -$0.25 -$0.86 -$1.12 -$1.90 -$2.13 -$2.38 -$3.33 -$2.59 -$3.35 -$3.51 -$9.59 -$19.90 -$4.40 -$2.42 -$0.84

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Cash & Short-Term Investments $30.47M $20.02M $40.92M $11.77M $18.71M $8.195M $2.109M $1.569M $12.30M $14.80M $12.30M $13.50M $10.40M $15.60M $7.500M $11.20M $22.10M $20.70M $39.00M $38.90M $50.20M $62.90M $80.40M $135.3M $26.30M $7.500M
YoY Change 52.18% -51.07% 247.54% -37.08% 128.31% 288.57% 34.42% -87.24% -16.89% 20.33% -8.89% 29.81% -33.33% 108.0% -33.04% -49.32% 6.76% -46.92% 0.26% -22.51% -20.19% -21.77% -40.58% 414.45% 250.67%
Cash & Equivalents $30.47M $20.02M $40.92M $11.77M $18.71M $8.195M $2.109M $1.569M $12.30M $14.80M $12.30M $13.50M $10.40M $15.40M $7.500M $10.50M $15.50M $7.700M $7.600M $17.60M $12.10M $62.90M $80.40M $92.70M $24.90M $2.800M
Short-Term Investments $0.00 $100.0K $0.00 $700.0K $6.600M $13.10M $31.40M $21.30M $38.10M $0.00 $42.50M $1.400M $4.700M
Other Short-Term Assets $16.60M $14.56M $7.325M $4.378M $1.888M $956.0K $307.0K $65.00K $16.10M $800.0K $1.200M $600.0K $800.0K $500.0K $400.0K $500.0K $500.0K $500.0K $700.0K $1.700M $2.200M $600.0K $700.0K $1.200M $0.00 $0.00
YoY Change 14.02% 98.77% 67.31% 131.89% 97.49% 211.4% 372.31% -99.6% 1912.5% -33.33% 100.0% -25.0% 60.0% 25.0% -20.0% 0.0% 0.0% -28.57% -58.82% -22.73% 266.67% -14.29% -41.67%
Inventory $6.800M $12.00M $11.10M $9.400M $6.400M $6.600M $6.700M $9.200M $10.30M $4.200M $4.000M $4.500M $6.500M $7.900M $2.300M $900.0K $800.0K
Prepaid Expenses
Receivables $26.38M $20.78M $4.639M $2.494M $704.0K $1.009M $339.0K $41.00K $0.00 $11.20M $9.100M $17.90M $11.20M $14.70M $11.50M $9.500M $5.200M $7.700M $5.800M $4.100M $1.500M $1.500M $1.700M $1.900M $0.00 $200.0K
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $73.44M $55.36M $52.88M $18.65M $21.30M $10.16M $2.755M $1.675M $28.40M $33.70M $34.60M $43.00M $31.80M $37.20M $26.10M $27.80M $37.00M $39.20M $49.70M $48.80M $58.50M $71.60M $90.70M $140.7M $27.20M $8.600M
YoY Change 32.66% 4.7% 183.61% -12.47% 109.67% 268.78% 64.48% -94.1% -15.73% -2.6% -19.53% 35.22% -14.52% 42.53% -6.12% -24.86% -5.61% -21.13% 1.84% -16.58% -18.3% -21.06% -35.54% 417.28% 216.28%
Property, Plant & Equipment $20.41M $18.80M $15.77M $7.615M $5.757M $46.00K $1.000K $4.000K $0.00 $2.100M $3.100M $2.500M $2.900M $2.000M $2.900M $4.500M $5.500M $7.300M $7.500M $7.800M $9.800M $12.10M $17.00M $4.500M $1.100M $1.200M
YoY Change 8.57% 19.22% 107.09% 32.27% 12415.22% 4500.0% -75.0% -100.0% -32.26% 24.0% -13.79% 45.0% -31.03% -35.56% -18.18% -24.66% -2.67% -3.85% -20.41% -19.01% -28.82% 277.78% 309.09% -8.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.738M $2.321M $1.803M $2.158M $0.00 $400.0K $0.00 $3.000M $6.000M $21.10M $27.10M $31.70M $10.90M $0.00
YoY Change -25.12% 28.73% -16.45% -100.0% -100.0% -50.0% -71.56% -22.14% -14.51% 190.83%
Other Assets $109.2M $91.44M $58.28M $40.29M $23.61M $10.85M $63.21M $173.0K $2.200M $300.0K $300.0K $300.0K $400.0K $300.0K $400.0K $400.0K $400.0K $200.0K $200.0K
YoY Change 19.47% 56.91% 44.65% 70.65% 117.67% -82.84% 36435.84% -92.14% 633.33% 0.0% 0.0% -25.0% 33.33% -25.0% 0.0% 0.0% 100.0% 0.0%
Total Long-Term Assets $760.6M $771.0M $623.3M $563.8M $181.5M $173.8M $103.4M $177.0K $2.200M $2.400M $3.300M $2.800M $3.200M $2.300M $3.200M $4.900M $6.300M $7.500M $10.70M $14.60M $31.80M $39.20M $48.70M $15.40M $1.200M $1.100M
YoY Change -1.34% 23.69% 10.56% 210.62% 4.46% 68.04% 58318.08% -91.95% -8.33% -27.27% 17.86% -12.5% 39.13% -28.13% -34.69% -22.22% -16.0% -29.91% -26.71% -54.09% -18.88% -19.51% 216.23% 1183.33% 9.09%
Total Assets $834.1M $826.4M $676.2M $582.4M $202.8M $183.9M $106.2M $1.852M $30.60M $36.10M $37.90M $45.80M $35.00M $39.50M $29.30M $32.70M $43.30M $46.70M $60.40M $63.40M $90.30M $110.8M $139.4M $156.1M $28.40M $9.700M
YoY Change
Accounts Payable $1.493M $2.578M $401.0K $1.103M $106.0K $80.00K $191.0K $31.00K $0.00 $4.000M $3.000M $4.000M $4.800M $6.000M $5.200M $2.400M $2.300M $2.700M $2.300M $1.600M $1.700M $400.0K $4.500M $2.100M $200.0K $300.0K
YoY Change -42.09% 542.89% -63.64% 940.57% 32.5% -58.12% 516.13% -100.0% 33.33% -25.0% -16.67% -20.0% 15.38% 116.67% 4.35% -14.81% 17.39% 43.75% -5.88% 325.0% -91.11% 114.29% 950.0% -33.33%
Accrued Expenses $74.86M $41.26M $12.47M $12.51M $6.277M $3.495M $148.0K $426.0K $400.0K $3.100M $5.100M $4.600M $4.800M $5.900M $3.500M $4.400M $5.500M $4.700M $4.000M $3.400M $3.300M $3.800M $3.100M $1.600M $600.0K $200.0K
YoY Change 81.46% 230.74% -0.25% 99.22% 79.6% 2261.49% -65.26% 6.5% -87.1% -39.22% 10.87% -4.17% -18.64% 68.57% -20.45% -20.0% 17.02% 17.5% 17.65% 3.03% -13.16% 22.58% 93.75% 166.67% 200.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $5.500M $5.500M $5.500M $5.500M $2.500M $2.600M $2.000M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change -100.0% 0.0% 0.0% 0.0% 120.0% -3.85% 30.0%
Long-Term Debt Due $0.00 $0.00 $100.0K $100.0K
YoY Change -100.0% 0.0%
Total Short-Term Liabilities $92.10M $67.36M $29.89M $26.41M $14.34M $11.20M $2.850M $1.670M $16.50M $16.50M $16.90M $19.10M $18.00M $18.10M $14.40M $11.30M $9.500M $7.900M $6.500M $5.300M $5.200M $4.100M $7.600M $3.700M $800.0K $600.0K
YoY Change 36.73% 125.32% 13.2% 84.18% 28.03% 292.98% 70.66% -89.88% 0.0% -2.37% -11.52% 6.11% -0.55% 25.69% 27.43% 18.95% 20.25% 21.54% 22.64% 1.92% 26.83% -46.05% 105.41% 362.5% 33.33%
Long-Term Debt $289.8M $289.2M $212.5M $290.1M $145.8M $148.8M $85.74M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $100.0K
YoY Change 0.21% 36.11% -26.74% 98.88% -1.99% 73.55% -100.0%
Other Long-Term Liabilities $26.97M $35.90M $38.66M $7.682M $6.578M $0.00 $600.0K $800.0K $700.0K $700.0K $700.0K $600.0K $500.0K $500.0K $600.0K $0.00 $0.00 $0.00 $3.600M $100.0K
YoY Change -24.86% -7.16% 403.29% 16.78% -100.0% -25.0% 14.29% 0.0% 0.0% 16.67% 20.0% 0.0% -16.67% -100.0% 3500.0%
Total Long-Term Liabilities $316.8M $325.1M $251.2M $297.7M $152.4M $148.8M $85.74M $0.00 $600.0K $800.0K $700.0K $700.0K $700.0K $600.0K $500.0K $500.0K $600.0K $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $3.600M $200.0K
YoY Change -2.55% 29.45% -15.64% 95.33% 2.43% 73.55% -100.0% -25.0% 14.29% 0.0% 0.0% 16.67% 20.0% 0.0% -16.67% -100.0% 1700.0%
Total Liabilities $448.5M $433.2M $281.1M $522.6M $166.8M $160.0M $88.59M $1.670M $17.00M $17.30M $17.60M $19.80M $18.70M $18.70M $14.90M $11.90M $10.10M $7.900M $6.500M $5.300M $5.200M $4.100M $7.600M $3.700M $4.500M $700.0K
YoY Change 3.52% 54.14% -46.22% 213.37% 4.22% 80.61% 5204.91% -90.18% -1.73% -1.7% -11.11% 5.88% 0.0% 25.5% 25.21% 17.82% 27.85% 21.54% 22.64% 1.92% 26.83% -46.05% 105.41% -17.78% 542.86%

Ownership

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Basic Shares Outstanding 116.1M 116.8M 72.66K 62.47K 62.47K
Diluted Shares Outstanding 116.1M 121.7M 112.3K 64.91K 63.42K
Preferred Stock
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Dividends

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Market Cap: $1.3359 Billion

About P10 Inc

P10, Inc. engages in the provision of private market solutions in the alternative asset management industry. The company is headquartered in Dallas, Texas and currently employs 252 full-time employees. The company went IPO on 2021-10-20. The firm provides its investors with differentiated access to a broad set of investment solutions that address their diverse investment needs within private markets. The company structures, manages and monitors portfolios of private market investments, which include specialized funds and customized separate accounts within primary investment funds, secondary investments, direct investments and co-investments, (collectively, specialized investment vehicles) across asset classes and geographies in the middle and lower middle markets. Its portfolio of private solutions includes Private Equity, Venture Capital, Impact Investing and Private Credit. The firm has a global investor base of more than 3,600 investors across 50 states, 60 countries, and six continents, which includes pension funds, endowments, foundations, corporate pensions, and financial institutions, among others.

Industry: Investment Advice Peers: AssetMark Financial Holdings, Inc. Barings BDC Inc Blackstone Inc AVANTAX, INC. Virtus Investment Partners Inc Oaktree Specialty Lending Corp GCM Grosvenor Inc Hercules Capital Inc New Mountain Finance Corp Sixth Street Specialty Lending Inc