22UA.DU
Price
Day trading desk
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
5 more panels on 22UA.DU open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Fundamentals
Valuation & profitability ratios
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.87B | $2.75B | $3.82B | $17.31B | +4.3% |
| Operating revenue | $2.87B | $2.75B | $3.82B | $17.15B | +4.3% |
| Cost of revenue | $641.80M | $541.30M | $599.80M | $3.00B | +18.6% |
| Gross profit | $2.23B | $2.21B | $3.22B | $14.32B | +0.8% |
| Research & development | $2.10B | $2.25B | $1.78B | $1.54B | -6.6% |
| Selling, general & admin | $698.20M | $712.70M | $587.10M | $541.20M | -2.0% |
| Total operating expense | $2.87B | $2.92B | $2.34B | $2.01B | -1.7% |
| Operating income | -$640.70M | -$709.40M | $875.60M | $12.30B | +9.7% |
| Net interest income | -$12.60M | -$17.20M | -$7.50M | -$18.90M | +26.7% |
| Pre-tax income | -$1.05B | -$677.70M | $1.19B | $12.95B | -55.1% |
| Tax provision | $85.30M | -$12.40M | $255.80M | $3.52B | +787.9% |
| Net income | -$1.14B | -$665.30M | $930.30M | $9.43B | -70.8% |
| Net income to common | -$1.14B | -$665.30M | $930.30M | $9.43B | -70.8% |
| Basic EPS | -4.70 | -2.77 | 3.87 | 38.78 | -69.7% |
| Diluted EPS | -4.70 | -2.77 | 3.83 | 37.77 | -69.7% |
| EBIT | -$1.04B | -$660.80M | $1.19B | $12.97B | -56.9% |
| EBITDA | -$653.80M | -$362.80M | $1.38B | $13.10B | -80.2% |
| Basic shares | 241.70M | 240.18M | 240.60M | 243.30M | +0.6% |
| Diluted shares | 241.70M | 240.18M | 242.70M | 249.80M | +0.6% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $7.68B | $9.76B | $11.66B | $13.88B | -21.4% |
| Cash & short-term investments | $14.88B | $16.78B | $16.55B | $14.06B | -11.4% |
| Accounts receivable | $924.20M | $1.46B | $2.16B | $7.15B | -36.9% |
| Inventory | $110.70M | $283.30M | $357.70M | $439.60M | -60.9% |
| Total current assets | $16.15B | $18.80B | $19.53B | $21.92B | -14.1% |
| Property, plant & equipment | $1.29B | $1.18B | $971.60M | $821.10M | +9.1% |
| Goodwill & intangibles | $1.97B | $1.17B | $1.17B | $219.70M | +68.6% |
| Total assets | $21.99B | $22.53B | $23.01B | $23.28B | -2.4% |
| Total current liabilities | $2.14B | $2.52B | $2.07B | $2.95B | -15.1% |
| Current debt | $52.20M | $39.50M | $28.10M | $36.00M | +32.2% |
| Long-term debt | $215.20M | $214.70M | $191.00M | $176.20M | +0.2% |
| Total debt | $267.40M | $254.20M | $219.10M | $212.20M | +5.2% |
| Total liabilities | $2.76B | $3.12B | $2.76B | $3.22B | -11.4% |
| Retained earnings | $17.96B | $19.10B | $19.76B | $18.83B | -5.9% |
| Shareholder equity | $19.22B | $19.41B | $20.25B | $20.06B | -1.0% |
| Working capital | $14.00B | $16.28B | $17.46B | $18.97B | -14.0% |
| Net tangible assets | $17.25B | $18.24B | $19.08B | $19.84B | -5.4% |
| Shares issued | 259.03M | 248.55M | 248.55M | 248.55M | +4.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | -$1.05B | -$677.70M | $1.19B | $12.95B | — | -55.1% |
| Depreciation & amortisation | $382.80M | $298.00M | $183.40M | $123.30M | — | +28.5% |
| Stock-based compensation | $106.20M | $100.90M | $51.40M | $108.60M | — | +5.3% |
| Change in working capital | $537.80M | $1.22B | $5.57B | $4.52B | — | -55.9% |
| Operating cash flow | $456.00M | $207.70M | $5.37B | $13.58B | — | +119.5% |
| Capital expenditure | -$749.00M | -$452.30M | -$705.50M | -$363.30M | — | -65.6% |
| Investing cash flow | -$2.47B | -$2.08B | -$6.95B | -$35.30M | — | -18.6% |
| Share buybacks | $0 | $0 | -$738.50M | -$986.40M | — | — |
| Dividends paid | — | $0 | $0 | -$484.30M | $0 | — |
| Financing cash flow | -$52.90M | -$45.90M | -$778.60M | -$1.42B | — | -15.3% |
| Free cash flow | -$293.00M | -$244.60M | $4.67B | $13.21B | — | -19.8% |
| End cash position | $7.68B | $9.76B | $11.66B | $13.88B | — | -21.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $105.60M | $118.10M | $907.40M | $1.52B | $260.80M | -10.6% |
| Operating revenue | $51.90M | $66.90M | $1.12B | $1.47B | $153.30M | -22.4% |
| Cost of revenue | $97.00M | $71.40M | $333.30M | $148.30M | $76.40M | +35.9% |
| Gross profit | $8.60M | $46.70M | $574.10M | $1.37B | $184.40M | -81.6% |
| Research & development | $551.00M | $557.00M | $505.40M | $564.80M | $509.10M | -1.1% |
| Selling, general & admin | $197.80M | $163.80M | $291.70M | $148.50M | $137.40M | +20.8% |
| Total operating expense | $947.30M | $717.90M | $854.60M | $716.70M | $656.40M | +32.0% |
| Operating income | -$938.70M | -$671.20M | -$280.50M | $653.90M | -$472.00M | -39.9% |
| Net interest income | $62.70M | $57.00M | -$5.10M | -$300.00K | $64.00M | +10.0% |
| Pre-tax income | -$858.70M | -$568.10M | -$227.40M | $24.70M | -$402.70M | -51.2% |
| Tax provision | -$37.90M | -$36.20M | $77.60M | $53.40M | -$16.10M | -4.7% |
| Net income | -$820.80M | -$531.90M | -$305.00M | -$28.70M | -$386.60M | -54.3% |
| Net income to common | -$820.80M | -$531.90M | -$305.00M | -$28.70M | -$386.60M | -54.3% |
| Basic EPS | -3.24 | -2.10 | -1.25 | -0.12 | -1.60 | -54.3% |
| Diluted EPS | -3.24 | -2.10 | -1.25 | -0.12 | -1.60 | -54.3% |
| EBIT | -$855.20M | -$564.10M | -$676.40M | $653.90M | -$399.00M | -51.6% |
| EBITDA | -$589.10M | -$442.80M | -$511.60M | $778.10M | -$348.00M | -33.0% |
| Basic shares | 253.33M | 253.29M | 244.00M | 239.17M | 241.63M | +0.0% |
| Diluted shares | 253.33M | 253.29M | 244.00M | 239.17M | 241.63M | +0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $9.74B | $9.94B | $7.68B | $10.09B | $10.27B | -2.0% |
| Cash & short-term investments | $14.78B | $14.64B | $14.88B | $14.52B | $14.04B | +1.0% |
| Accounts receivable | $163.90M | $539.20M | $924.20M | $690.80M | $1.37B | -69.6% |
| Inventory | $100.60M | $103.80M | $110.70M | $225.70M | $230.70M | -3.1% |
| Total current assets | $15.30B | $15.53B | $16.15B | $15.83B | $15.93B | -1.5% |
| Property, plant & equipment | $1.22B | $1.32B | $1.29B | $1.24B | $1.24B | -7.6% |
| Goodwill & intangibles | $1.79B | $1.92B | $1.97B | $1.75B | $1.85B | -6.4% |
| Total assets | $20.34B | $21.07B | $21.99B | $21.34B | $21.64B | -3.5% |
| Total current liabilities | $1.95B | $1.76B | $2.14B | $2.22B | $1.85B | +10.4% |
| Current debt | $57.20M | $10.80M | $52.20M | $53.40M | $52.40M | +429.6% |
| Long-term debt | $258.90M | $66.60M | $215.20M | $192.00M | $217.20M | +288.7% |
| Total debt | $316.10M | $302.80M | $267.40M | $245.40M | $269.60M | +4.4% |
| Total liabilities | $2.59B | $2.38B | $2.76B | $2.86B | $3.13B | +8.8% |
| Retained earnings | $16.61B | $17.43B | $17.96B | $18.27B | $18.30B | -4.7% |
| Shareholder equity | $17.76B | $18.70B | $19.22B | $18.48B | $18.51B | -5.0% |
| Working capital | $13.35B | $13.77B | $14.00B | $13.61B | $14.08B | -3.0% |
| Net tangible assets | $15.96B | $16.78B | $17.25B | $16.73B | $16.65B | -4.9% |
| Shares issued | 251.20M | 259.03M | 259.03M | 248.55M | 248.55M | -3.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|---|
| Net income | -$858.70M | -$568.10M | -$227.40M | $24.70M | -$402.70M | — | -51.2% |
| Depreciation & amortisation | $266.10M | $121.30M | $164.80M | $124.20M | $51.00M | — | +119.4% |
| Stock-based compensation | $20.90M | $22.80M | $24.10M | $27.90M | $32.10M | — | -8.3% |
| Change in working capital | $593.90M | $66.20M | -$227.40M | $644.00M | $519.70M | — | +797.1% |
| Operating cash flow | $10.50M | -$421.00M | $309.50M | $780.70M | $146.50M | — | +102.5% |
| Capital expenditure | -$55.40M | -$78.90M | -$62.10M | -$38.60M | -$30.20M | — | +29.8% |
| Investing cash flow | -$100.10M | $2.65B | -$2.73B | -$925.30M | -$64.40M | — | -103.8% |
| Share buybacks | -$129.20M | — | — | — | $0 | $0 | — |
| Financing cash flow | -$108.50M | $26.40M | -$14.30M | -$11.50M | -$13.30M | — | -511.0% |
| Free cash flow | -$44.90M | -$499.90M | $247.40M | $742.10M | $116.30M | — | +91.0% |
| End cash position | $9.74B | $9.94B | $7.68B | $10.09B | $10.27B | — | -2.0% |
Options analytics
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Analyst targets & ownership
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Aug 5, 26 | Citigroup | MAINTAINED | Buy | Buy |
| Aug 5, 26 | Evercore ISI Group | MAINTAINED | Outperform | Outperform |
| Jul 8, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| May 27, 26 | UBS | UPGRADE | Neutral | Buy |
| May 22, 26 | Bernstein | INITIATED | — | Market Perform |
| May 6, 26 | Canaccord Genuity | MAINTAINED | Buy | Buy |
| May 6, 26 | Wells Fargo | MAINTAINED | Overweight | Overweight |
| Apr 27, 26 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Apr 10, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Mar 31, 26 | HC Wainwright & Co. | MAINTAINED | Buy | Buy |
| Mar 11, 26 | Morgan Stanley | MAINTAINED | Overweight | Overweight |
| Mar 11, 26 | Canaccord Genuity | MAINTAINED | Buy | Buy |
Headlines
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.