IIPR
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
| Side | Strike | Expiry | Volume | Open int. | Vol / OI | Notional | IV | Score | |
|---|---|---|---|---|---|---|---|---|---|
| CALL | 40.00 | Dec 18, 26 117d |
478 | 6 | 79.7× | $1.06M | 77% | at ask | 88 |
| CALL | 45.00 | Dec 18, 26 117d |
180 | 1 | 180.0× | $327.60K | 48% | at ask | 81 |
How this is calculated, and what it cannot see
A contract is flagged when today's volume approaches or exceeds its open interest, the position is worth at least $40,000, and at least 150 contracts changed hands. Open interest is what was outstanding at yesterday's close, so volume above it means the flow cannot all be closing — something is being opened.
The score weights four things: volume against open interest, dollar notional, volume against the rest of that chain, and where the last print sat inside the bid/ask spread.
What it cannot see. Volume here is a daily total, so ten small orders and one large one are indistinguishable — this is not block or sweep detection, which needs exchange-level time and sales. The print column compares the last trade to the current quote, which is a proxy for who was the aggressor, not a tagged flag. Quotes are delayed. A single large trade can be a hedge, a roll, or one leg of a spread, and none of those mean what a naked directional bet would mean.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
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Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jun 18, 26 | SMITH DAVID JON Chief Financial Officer |
STOCK | 9.22K | $0 | Direct |
| Jun 18, 26 | SMITHERS PAUL E Chief Executive Officer |
STOCK | 22.30K | $0 | Direct |
| Jun 9, 26 | IVES BRUCE ALAN Director |
STOCK | 2.65K | $0 | Direct |
| Jan 20, 26 | SMITH DAVID JON Chief Financial Officer |
STOCK | 20.06K | $0 | Direct |
| Jan 20, 26 | BUI ANDY Officer |
STOCK | 6.52K | $0 | Direct |
| Jan 20, 26 | SMITHERS PAUL E Chief Executive Officer |
STOCK | 47.64K | $0 | Direct |
| Jan 2, 26 | SMITHERS PAUL E Chief Executive Officer |
— | 10.65K | — | Direct |
| Jan 2, 26 | SHOEMAKER SCOTT Director |
— | 911 | — | Direct |
| Dec 31, 25 | SMITH DAVID JON Chief Financial Officer |
— | 4.55K | — | Direct |
| Nov 24, 25 | GOLD ALAN D Officer and Director |
BUY | 2.60K | $127.63K | Indirect |
| Nov 20, 25 | GOLD ALAN D Officer and Director |
BUY | 2.00K | $91.95K | Indirect |
| Nov 20, 25 | SMITH DAVID JON Chief Financial Officer |
BUY | 600 | $27.54K | Direct |
| Oct 15, 25 | KREITZER GARY A Director |
STOCK | 15.65K | $1.37M | Direct |
| Jun 11, 25 | BOYLE DAVID GERARD Director |
STOCK | 2.80K | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BOYLE DAVID GERARD |
Director | 2.95K | Stock Award(Grant) |
BUI ANDY |
Officer | 16.19K | Stock Award(Grant) |
GOLD ALAN D |
Officer and Director | — | Purchase |
IVES BRUCE ALAN |
Director | 2.65K | Stock Award(Grant) |
KREITZER GARY A |
Director | 63.11K | Stock Award(Grant) |
SHOEMAKER SCOTT |
Director | 2.61K | Conversion of Exercise of derivative security |
SMITH DAVID JON |
Chief Financial Officer | 32.80K | Stock Award(Grant) |
SMITHERS PAUL E |
Chief Executive Officer | 172.88K | Stock Award(Grant) |
STECHER DAVID |
Director | 1.42K | Sale |
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 | $265.95M | $308.52M | $309.51M | $276.36M | -13.8% |
| Operating revenue | $265.49M | $306.94M | $307.35M | $274.38M | -13.5% |
| Cost of revenue | $30.18M | $28.47M | $24.89M | $10.52M | +6.0% |
| Gross profit | $235.78M | $280.05M | $284.61M | $265.84M | -15.8% |
| Selling, general & admin | $33.73M | $37.44M | $42.83M | $38.52M | -9.9% |
| Total operating expense | $107.80M | $108.25M | $110.03M | $99.82M | -0.4% |
| Operating income | $127.97M | $171.79M | $174.59M | $166.02M | -25.5% |
| Net interest income | -$5.88M | -$6.69M | -$9.02M | -$15.11M | +12.2% |
| Pre-tax income | $118.25M | $161.65M | $165.59M | $154.39M | -26.9% |
| Net income | $118.25M | $161.66M | $165.59M | $154.39M | -26.9% |
| Net income to common | $111.45M | $157.60M | $162.75M | $152.20M | -29.3% |
| Basic EPS | 3.98 | 5.58 | 5.82 | 5.57 | -28.7% |
| Diluted EPS | 3.93 | 5.52 | 5.77 | 5.52 | -28.8% |
| EBIT | $136.97M | $177.91M | $181.68M | $171.34M | -23.0% |
| EBITDA | $211.04M | $248.72M | $248.88M | $232.64M | -15.1% |
| Basic shares | 28.01M | 28.23M | 27.98M | 27.35M | -0.8% |
| Diluted shares | 28.38M | 28.53M | 28.26M | 27.66M | -0.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $47.60M | $146.25M | $140.25M | $87.12M | -67.5% |
| Cash & short-term investments | $47.60M | $146.25M | $140.25M | $87.12M | -67.5% |
| Total current assets | $166.89M | $169.04M | $163.70M | $106.59M | -1.3% |
| Property, plant & equipment | $509.00K | $946.00K | $1.35M | $1.74M | -46.2% |
| Goodwill & intangibles | $6.37M | $7.38M | $8.24M | $9.11M | -13.8% |
| Total assets | $2.37B | $2.38B | $2.39B | $2.41B | -0.3% |
| Total current liabilities | $221.55M | $132.78M | $132.18M | $149.55M | +66.9% |
| Current debt | $102.50M | — | — | — | — |
| Long-term debt | $290.60M | $297.87M | $300.88M | $301.50M | -2.4% |
| Total debt | $393.10M | $297.87M | $300.88M | $301.50M | +32.0% |
| Total liabilities | $522.85M | $441.99M | $438.12M | $452.94M | +18.3% |
| Retained earnings | -$312.99M | -$211.71M | -$156.85M | -$117.39M | -47.8% |
| Shareholder equity | $1.85B | $1.94B | $1.95B | $1.96B | -4.5% |
| Working capital | -$54.66M | $36.26M | $31.52M | -$42.95M | -250.8% |
| Net tangible assets | $1.84B | $1.93B | $1.94B | $1.95B | -4.5% |
| Shares issued | 28.02M | 28.33M | 28.14M | 27.97M | -1.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $118.25M | $161.66M | $165.59M | $154.39M | -26.9% |
| Depreciation & amortisation | $74.07M | $70.81M | $67.19M | $61.30M | +4.6% |
| Stock-based compensation | $10.13M | $17.32M | $19.58M | $17.51M | -41.5% |
| Change in working capital | -$9.01M | $3.95M | $4.92M | $5.12M | -328.3% |
| Operating cash flow | $198.19M | $258.45M | $255.54M | $234.13M | -23.3% |
| Investing cash flow | -$174.30M | -$56.00M | -$6.79M | -$396.20M | -211.3% |
| Share buybacks | -$20.11M | $0 | $0 | — | — |
| Dividends paid | -$219.51M | -$213.53M | -$204.06M | -$185.29M | -2.8% |
| Financing cash flow | -$122.54M | -$197.90M | -$195.63M | $164.22M | +38.1% |
| Free cash flow | $198.19M | $258.45M | $255.54M | $234.13M | -23.3% |
| End cash position | $47.60M | $146.25M | $141.70M | $88.57M | -67.5% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $63.31M | $69.00M | $66.66M | $64.69M | $62.89M | -8.2% |
| Operating revenue | $62.89M | $68.92M | $66.63M | $64.29M | $62.87M | -8.7% |
| Cost of revenue | $7.20M | $7.58M | $7.98M | $7.95M | $6.87M | -5.0% |
| Gross profit | $56.12M | $61.42M | $58.68M | $56.73M | $56.02M | -8.6% |
| Selling, general & admin | $7.72M | $10.35M | $7.97M | $8.68M | $8.63M | -25.4% |
| Total operating expense | $26.52M | $28.93M | $26.50M | $27.32M | $27.13M | -8.3% |
| Operating income | $29.60M | $32.49M | $32.17M | $29.41M | $28.90M | -8.9% |
| Net interest income | $2.40M | -$100.00K | -$5.00K | -$109.00K | -$2.87M | +2,504.0% |
| Pre-tax income | $43.85M | $32.81M | $31.84M | $29.30M | $26.02M | +33.7% |
| Net income | $43.85M | $32.81M | $31.84M | $29.30M | $26.02M | +33.7% |
| Net income to common | $39.52M | $29.17M | $29.96M | $27.55M | $24.39M | +35.5% |
| Basic EPS | 1.39 | 1.04 | 1.07 | 0.99 | 0.87 | +33.7% |
| Diluted EPS | 1.36 | 1.02 | 1.06 | 0.97 | 0.86 | +33.3% |
| EBIT | $52.20M | $39.24M | $37.10M | $33.83M | $30.47M | +33.0% |
| EBITDA | $71.00M | $57.82M | $55.64M | $52.47M | $48.97M | +22.8% |
| Basic shares | 28.44M | 27.99M | 27.91M | 27.91M | 27.92M | +1.6% |
| Diluted shares | 29.99M | 28.47M | 28.30M | 28.30M | 28.32M | +5.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $204.73M | $89.12M | $47.60M | $36.67M | $99.67M | — | +129.7% |
| Cash & short-term investments | $204.73M | $89.12M | $47.60M | $36.67M | $99.67M | — | +129.7% |
| Total current assets | $376.56M | $208.72M | $166.89M | $159.71M | $122.47M | — | +80.4% |
| Property, plant & equipment | — | — | $509.00K | $621.00K | $731.00K | $839.00K | — |
| Goodwill & intangibles | $5.51M | $6.16M | $6.37M | $6.58M | $6.96M | — | -10.4% |
| Total assets | $2.58B | $2.39B | $2.37B | $2.34B | $2.31B | — | +7.8% |
| Total current liabilities | $202.67M | $197.71M | $221.55M | $175.53M | $122.14M | — | +2.5% |
| Current debt | $92.50M | $75.00M | $102.50M | $50.00M | — | — | +23.3% |
| Long-term debt | $516.53M | $290.98M | $290.60M | $290.23M | $289.86M | — | +77.5% |
| Total debt | $609.03M | $365.98M | $393.10M | $340.23M | $289.86M | — | +66.4% |
| Total liabilities | $730.04M | $499.44M | $522.85M | $474.57M | $424.65M | — | +46.2% |
| Retained earnings | -$349.74M | -$337.28M | -$312.99M | -$289.92M | -$264.43M | — | -3.7% |
| Shareholder equity | $1.85B | $1.89B | $1.85B | $1.86B | $1.88B | — | -2.3% |
| Working capital | $173.89M | $11.01M | -$54.66M | -$15.82M | $328.00K | — | +1,479.4% |
| Net tangible assets | $1.85B | $1.89B | $1.84B | $1.86B | $1.87B | — | -2.2% |
| Shares issued | 28.31M | 28.31M | 28.02M | 28.02M | 28.02M | — | 0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $43.85M | $32.81M | $31.84M | $29.30M | $26.02M | +33.7% |
| Depreciation & amortisation | $18.80M | $18.58M | $18.54M | $18.64M | $18.50M | +1.2% |
| Stock-based compensation | $2.83M | $2.58M | $2.70M | $2.68M | $2.67M | +9.4% |
| Change in working capital | -$6.83M | $3.20M | -$2.95M | -$5.53M | $761.00K | -313.3% |
| Operating cash flow | $44.92M | $56.03M | $49.91M | $45.59M | $48.45M | -19.8% |
| Investing cash flow | -$78.06M | -$341.00K | -$41.73M | -$109.66M | -$5.76M | -22,790.9% |
| Share buybacks | -$88.97M | $0 | $0 | $0 | -$19.82M | — |
| Dividends paid | -$57.10M | -$54.91M | -$54.79M | -$54.66M | -$55.24M | -4.0% |
| Financing cash flow | $151.66M | -$14.17M | $2.74M | $1.08M | -$71.04M | +1,170.3% |
| Free cash flow | $44.92M | $56.03M | $49.91M | $45.59M | $48.45M | -19.8% |
| End cash position | $207.64M | $89.12M | $47.60M | $36.67M | $99.67M | +133.0% |
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.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.03 | 0.96 | -6.3% |
| Mar 2026 | 1.07 | 1.04 | -2.7% |
| Dec 2025 | 1.05 | 1.06 | +1.3% |
| Sep 2025 | 0.90 | 0.97 | +7.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.83 | 1 | $63.62M | -1.7% |
| Next quarter | 0.88 | 1 | $65.00M | -2.5% |
| Current year | 4.15 | 1 | $260.81M | -1.9% |
| Next year | 4.59 | 2 | $270.84M | +3.9% |
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
Short interest
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 21, 26 | Piper Sandler | MAINTAINED | Underweight | Underweight |
| Mar 3, 26 | Compass Point | UPGRADE | Sell | Neutral |
| Feb 25, 26 | Piper Sandler | MAINTAINED | Underweight | Underweight |
| Nov 5, 25 | Piper Sandler | MAINTAINED | Underweight | Underweight |
| Jul 2, 25 | Wolfe Research | DOWNGRADE | Outperform | Peer Perform |
| Apr 15, 25 | Piper Sandler | MAINTAINED | Underweight | Underweight |
| Mar 31, 25 | Compass Point | DOWNGRADE | Neutral | Sell |
| Mar 31, 25 | Piper Sandler | MAINTAINED | Underweight | Underweight |
| Mar 18, 25 | Compass Point | MAINTAINED | Neutral | Neutral |
| Mar 17, 25 | Piper Sandler | MAINTAINED | Underweight | Underweight |
| Mar 17, 25 | Citizens Capital Markets | MAINTAINED | Market Perform | Market Perform |
| Feb 21, 25 | Roth MKM | MAINTAINED | Buy | Buy |
Dividends & splits
SEC filings
Headlines
PRIVATE STRATEGY · BY QUALIFICATION
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