# Wendy's (WEN.US)

Canonical: https://gigainvestors.com/s/WEN

Analysis as of: 2026-10-16T07:33:04.364Z. Financial observations: FY2012–FY2025.

Listing currency: USD. Reporting currency: USD.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: pass; earnings resilience is evidence only). Published buy qualification: no.

Share price: $6.70 per share; close as of 2026-10-15.

Estimated value: low $16.06 per share, central $18.06 per share, high $20.72 per share. Buy at or below the central value $18.06 per share. Valuation as of 2026-10-16T07:33:04.364Z; scenarios are not confidence intervals.

Expected annual return: 26.6% at the stated quote. About 26.6% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: pass

- 3 revenue declines in the last 10 years (informational)

- Financial history: 10 years

- Years with declining revenue: 3

- Years with a net loss: 0

- Operating margin variation: 0.12×

Chart: Operating margin; fiscal year observations.

- FY2016: 0.22×

- FY2017: 0.18×

- FY2018: 0.16×

- FY2019: 0.15×

- FY2020: 0.16×

- FY2021: 0.19×

- FY2022: 0.17×

- FY2023: 0.18×

- FY2024: 0.17×

- FY2025: 0.15×

### moat: fail

- ROIC median below threshold

- ROIC worst years below threshold (more than 1 bad year allowed)

- Recent gross margin fell 8.6pp below the typical margin (limit 4pp)

- ROIC, median of available years: 8.7%

- ROIC, second-lowest year: 6.6%

- Typical minus recent gross margin: 8.6 pp

- Typical gross margin (annual median): 35.5%

- Recent gross margin (lower of latest and 3-year median): 26.9%

- Years with nonpositive capital: 0

- Capital spending / revenue: 4.3%

- ROIC including acquisitions, ten-year median: 6.0%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2016: 9.7%

- FY2017: 8.9%

- FY2018: 8.9%

- FY2019: 6.6%

- FY2020: 6.6%

- FY2021: 9.4%

- FY2022: 8.0%

- FY2023: 8.8%

- FY2024: 8.5%

- FY2025: 7.6%

### economics: pass

- Owner earnings / net income, 5-yr: 1.31×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $1.2B

- Net income, five-year total: $942M

- Return on incremental invested capital: >100%

- Working capital / revenue, annual change: -0.3 pp

- Working capital / revenue, change between three-year averages: -2.1 pp

- Working capital / revenue, final three-year average: 4.1%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.24×

- FY2022: 1.28×

- FY2023: 1.31×

- FY2024: 1.33×

- FY2025: 1.42×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- potential debt-funded buybacks (informational)

- buybacks leaned toward cheaper years (informational)

- ROIC first 3 years vs last 3 years: 8.9% vs 8.5%

- Per-share earnings: 0.49 to 0.95 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: -5.1%

- Ordinary dilution, 5-year annual growth: -3.2%

- Market cap gain: -$1.7B

- Cumulative retained earnings: $726M

- Diluted shares, 10-year annual growth: -5.1%

- Diluted shares, 5-year annual growth: -3.2%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value growth: 8.6%

- Per-share value change: $0.46

- Per-share value, starting three-year median: $0.49

- Per-share value, ending three-year median: $0.95

- Buybacks concentrated in cheaper years (correlation): 0.53

- Average buyback yield: 5.2%

- Buyback history: 10 years

- Debt-funded buybacks: Yes

- Acquisition spending: $260M

- Cumulative net income, 10 years: $2.0B

- ROIC, first three-year median: 8.9%

- ROIC, last three-year median: 8.5%

Chart: Earnings per share; fiscal year observations.

- FY2016: $0.49

- FY2017: $0.77

- FY2018: $1.88

- FY2019: $0.58

- FY2020: $0.52

- FY2021: $0.89

- FY2022: $0.82

- FY2023: $0.97

- FY2024: $0.95

- FY2025: $0.85

### accounting: pass

- restructuring or one-time charges in at least three of five years

- Sloan accruals: -3.6%

- Receivables to sales index (DSRI): 1.21×

- Restructuring years, last five: 5

- Stock compensation / operating cash flow: 4.2%

- Earnings backed by cash: Yes

- Operating cash / earnings: 2.09×

- Accounting red flags: 1

- Goodwill and intangibles / equity: 16.57×

Chart: Sloan accruals; fiscal year observations.

- FY2016: -1.6%

- FY2017: -1.1%

- FY2018: 5.5%

- FY2019: -3.0%

- FY2020: -3.3%

- FY2021: -2.8%

- FY2022: -1.5%

- FY2023: -2.7%

- FY2024: -3.2%

- FY2025: -3.6%

## Holders

- [Prem Watsa](https://gigainvestors.com/FFH): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Bill Nygren](https://gigainvestors.com/HA): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Nelson Peltz](https://gigainvestors.com/TF): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 72% since Dec 2021 · "Global systemwide sales fell 6.5%, and the company pulled its full-year outlook entirely." (finance.yahoo.com, Aug 2026) · sales -3.1%

Story as of 2026-10-16T09:59:51.230Z; price observation 2026-10-15.

Price needs cash profits to shrink 14% a year for ten years

- 2025-05-02: Wendy’s No Longer Expects Sales to Grow This Year ([finance.yahoo.com](https://finance.yahoo.com/m/9fc0874b-b76c-3bb4-92ec-c9df65b3c4e4/wendy%E2%80%99s-no-longer-expects.html))

- 2025-08-08: Wendy's Guidance Cut As US Sales Show Economic Pressure ([finance.yahoo.com](https://finance.yahoo.com/video/wendys-guidance-cut-us-sales-175252421.html))

- 2025-09-23: Argus cuts Wendy’s to Hold as U.S. sales weaken, outlook lowered ([finance.yahoo.com](https://finance.yahoo.com/news/argus-cuts-wendy-hold-u-152909226.html))

- 2025-10-02: Argus Lowers Wendy’s (WEN) Rating, Cites Competition and Leadership Changes ([finance.yahoo.com](https://finance.yahoo.com/news/argus-lowers-wendy-wen-rating-055331861.html))

- 2026-05-08: Wendy’s shares jump on earnings beat despite sales decline ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/wendy-shares-jump-earnings-beat-114004808.html))

- 2026-07-15: Wendy's (WEN) Stock May Be 39% Undervalued As Sales Decline Tests Turnaround ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/wendys-wen-stock-may-39-151124516.html))

### Sales · FY2024–2025

sales -3.1%; source https://www.sec.gov/Archives/edgar/data/30697/000003069726000009/wen-20251228.htm; observed 2026-02-23.

- FY2016: $1.4B 

- FY2017: $1.2B 

- FY2018: $1.6B 

- FY2019: $1.7B 

- FY2020: $1.7B 

- FY2021: $1.9B 

- FY2022: $2.1B 

- FY2023: $2.2B 

- FY2024: $2.2B 

- FY2025: $2.2B 

### Gross margin · FY2025

gross margin 26.9%; source https://www.sec.gov/Archives/edgar/data/30697/000003069726000009/wen-20251228.htm; observed 2026-02-23.

- FY2016: 42.4% 

- FY2017: 49.1% 

- FY2018: 37.9% 

- FY2019: 35.4% 

- FY2020: 35.8% 

- FY2021: 28.3% 

- FY2022: 34.4% 

- FY2023: 35.6% 

- FY2024: 35.2% 

- FY2025: 26.9% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in restaurants; annual sales are USD 2.2 billion.

- Source: https://www.sec.gov/Archives/edgar/data/30697/000003069726000009/wen-20251228.htm (filed 2026-02-23); FY2025: revenue 2176891000; grossProfit 584998000; margin = grossProfit / revenue.

### Why customers stay

Margins ranged from 26.9% to 35.6% during 2023–25; it earns 8.7% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2023: grossProfit / revenue = 35.6%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2024: grossProfit / revenue = 35.2%.

- Source: https://www.sec.gov/Archives/edgar/data/30697/000003069726000009/wen-20251228.htm (filed 2026-02-23); FY2025: grossProfit / revenue = 26.9%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); 10-year return on capital observations [[2016,0.09741483397195158],[2017,0.08900690642997583],[2018,0.08874377539326431],[2019,0.06606588171787943],[2020,0.06556649054983484],[2021,0.09352939509668574],[2022,0.07971227593654287],[2023,0.08845015164556745],[2024,0.08465070447387692],[2025,0.07573437310118439]]; median 0.08655042805972218. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Where the cash goes

Reinvests 7.2% of cash earnings; paid dividends in 10 of 10 years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2016: growth capex 0; upkeep 150023000; cash acquisitions 2209000; owner earnings 103905000. Growth capex plus acquisitions / owner earnings = 0.02125980462922862.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2017: growth capex 0; upkeep 81710000; cash acquisitions 86788000; owner earnings 238006000. Growth capex plus acquisitions / owner earnings = 0.3646462694217793.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2018: growth capex 0; upkeep 69857000; cash acquisitions 21401000; owner earnings 519137000. Growth capex plus acquisitions / owner earnings = 0.04122418552328191.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2019: growth capex 0; upkeep 74453000; cash acquisitions 5052000; owner earnings 194180000. Growth capex plus acquisitions / owner earnings = 0.026017097538366465.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2020: growth capex 0; upkeep 68969000; cash acquisitions 4879000; owner earnings 181638000. Growth capex plus acquisitions / owner earnings = 0.026861119369294972.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2021: growth capex 0; upkeep 77984000; cash acquisitions 123069000; owner earnings 247948000. Growth capex plus acquisitions / owner earnings = 0.4963500411376579.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2022: growth capex 0; upkeep 85544000; cash acquisitions 0; owner earnings 227634000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2023: growth capex 0; upkeep 85021000; cash acquisitions 0; owner earnings 267986000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); FY2024: growth capex 0; upkeep 94388000; cash acquisitions 0; owner earnings 257904000. Growth capex plus acquisitions / owner earnings = 0.

- Source: https://www.sec.gov/Archives/edgar/data/30697/000003069726000009/wen-20251228.htm (filed 2026-02-23); FY2025: growth capex 0; upkeep 101927000; cash acquisitions 16854000; owner earnings 234017000. Growth capex plus acquisitions / owner earnings = 0.07202040877372157.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); Dividend observations: [[2016,63832000],[2017,68322000],[2018,80532000],[2019,96364000],[2020,64866000],[2021,94846000],[2022,106779000],[2023,209253000],[2024,204443000],[2025,129586999]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/30697/000003069726000009/wen-20251228.htm (filed 2026-02-23); FY2025: cash repurchases 200766000 USD.

### Are managers owners

Insiders own 9.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-15); WEN.US SharesStats.PercentInsiders = 9.151 percentage points; cache date 2026-10-15.

### What the price says

The price assumes cash profits shrink 14% yearly over ten years; actual growth was 20.1%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-02-23); Ten-year compound average after fade. Initial solved rate -0.20741378052258214. Price 6.7; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share 0.19241615331964407 → FY2025 1.206074255792859. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $10.84 per share

- 2016-11: $12.57 per share

- 2016-12: $13.52 per share

- 2017-01: $13.53 per share

- 2017-02: $13.94 per share

- 2017-03: $13.61 per share

- 2017-04: $14.74 per share

- 2017-05: $16.17 per share

- 2017-06: $15.51 per share

- 2017-07: $15.44 per share

- 2017-08: $14.92 per share

- 2017-09: $15.53 per share

- 2017-10: $15.21 per share

- 2017-11: $14.89 per share

- 2017-12: $16.42 per share

- 2018-01: $16.18 per share

- 2018-02: $15.95 per share

- 2018-03: $17.55 per share

- 2018-04: $16.74 per share

- 2018-05: $16.11 per share

- 2018-06: $17.18 per share

- 2018-07: $16.68 per share

- 2018-08: $17.65 per share

- 2018-09: $17.14 per share

- 2018-10: $17.24 per share

- 2018-11: $17.93 per share

- 2018-12: $15.61 per share

- 2019-01: $17.32 per share

- 2019-02: $17.33 per share

- 2019-03: $17.89 per share

- 2019-04: $18.61 per share

- 2019-05: $18.39 per share

- 2019-06: $19.58 per share

- 2019-07: $18.19 per share

- 2019-08: $22.00 per share

- 2019-09: $19.98 per share

- 2019-10: $21.18 per share

- 2019-11: $21.44 per share

- 2019-12: $22.21 per share

- 2020-01: $21.67 per share

- 2020-02: $18.88 per share

- 2020-03: $14.88 per share

- 2020-04: $19.86 per share

- 2020-05: $21.26 per share

- 2020-06: $21.78 per share

- 2020-07: $23.18 per share

- 2020-08: $20.94 per share

- 2020-09: $22.30 per share

- 2020-10: $21.85 per share

- 2020-11: $21.99 per share

- 2020-12: $21.92 per share

- 2021-01: $20.40 per share

- 2021-02: $20.43 per share

- 2021-03: $20.26 per share

- 2021-04: $22.57 per share

- 2021-05: $23.22 per share

- 2021-06: $23.42 per share

- 2021-07: $23.21 per share

- 2021-08: $23.02 per share

- 2021-09: $21.68 per share

- 2021-10: $22.30 per share

- 2021-11: $20.58 per share

- 2021-12: $23.85 per share

- 2022-01: $23.03 per share

- 2022-02: $22.74 per share

- 2022-03: $21.97 per share

- 2022-04: $19.76 per share

- 2022-05: $18.64 per share

- 2022-06: $18.88 per share

- 2022-07: $21.03 per share

- 2022-08: $19.18 per share

- 2022-09: $18.69 per share

- 2022-10: $20.78 per share

- 2022-11: $22.56 per share

- 2022-12: $22.63 per share

- 2023-01: $22.30 per share

- 2023-02: $21.96 per share

- 2023-03: $21.78 per share

- 2023-04: $22.10 per share

- 2023-05: $22.01 per share

- 2023-06: $21.75 per share

- 2023-07: $21.49 per share

- 2023-08: $19.79 per share

- 2023-09: $20.41 per share

- 2023-10: $19.02 per share

- 2023-11: $18.75 per share

- 2023-12: $19.48 per share

- 2024-01: $19.08 per share

- 2024-02: $18.11 per share

- 2024-03: $18.84 per share

- 2024-04: $19.99 per share

- 2024-05: $17.45 per share

- 2024-06: $16.96 per share

- 2024-07: $16.93 per share

- 2024-08: $16.92 per share

- 2024-09: $17.52 per share

- 2024-10: $19.11 per share

- 2024-11: $18.36 per share

- 2024-12: $16.30 per share

- 2025-01: $14.83 per share

- 2025-02: $15.50 per share

- 2025-03: $14.63 per share

- 2025-04: $12.50 per share

- 2025-05: $11.40 per share

- 2025-06: $11.42 per share

- 2025-07: $9.85 per share

- 2025-08: $10.61 per share

- 2025-09: $9.16 per share

- 2025-10: $8.54 per share

- 2025-11: $8.45 per share

- 2025-12: $8.33 per share

- 2026-01: $7.79 per share

- 2026-02: $7.66 per share

- 2026-03: $6.95 per share

- 2026-04: $6.96 per share

- 2026-05: $7.70 per share

- 2026-06: $8.29 per share

- 2026-07: $7.36 per share

- 2026-08: $8.30 per share

- 2026-09: $6.38 per share

- 2026-10: $6.70 per share

## Annual estimated value (USD per share)

- FY2016: low $1.16 per share, central $1.23 per share, high $1.32 per share

- FY2017: low $2.38 per share, central $2.62 per share, high $2.95 per share

- FY2018: low $6.77 per share, central $7.47 per share, high $8.42 per share

- FY2019: low $10.16 per share, central $11.41 per share, high $13.06 per share

- FY2020: low $10.64 per share, central $11.94 per share, high $13.67 per share

- FY2021: low $13.02 per share, central $14.68 per share, high $16.90 per share

- FY2022: low $16.52 per share, central $19.93 per share, high $22.72 per share

- FY2023: low $15.04 per share, central $16.81 per share, high $19.16 per share

- FY2024: low $15.68 per share, central $17.57 per share, high $20.09 per share

- FY2025: low $15.40 per share, central $17.35 per share, high $19.93 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/30697/000003069726000009/wen-20251228.htm); period 2025-12-28, filed 2026-02-23.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [Prem Watsa](https://gigainvestors.com/FFH): 8,005,627 WEN shares; USD 66,287,000 reported position value; 2.51% of portfolio; add; quarter 2026 Q2.
- [Bill Nygren](https://gigainvestors.com/HA): 5,587,137 WEN shares; USD 46,317,000 reported position value; 0.06% of portfolio; reduce; quarter 2026 Q2.
- [Nelson Peltz](https://gigainvestors.com/TF): 30,468,434 WEN shares; USD 252,583,000 reported position value; 5.97% of portfolio; add; quarter 2026 Q2.

# WEN — Wendy's Co.

Held by 3 investors · USD 365,187,000 total · 2026 Q2 · reported price USD 8.29 (split-adjusted).
Page: https://gigainvestors.com/s/WEN

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Nelson Peltz (https://gigainvestors.com/TF) | USD 252,583,000 | 6.0% | add +0.07% |
| Prem Watsa (https://gigainvestors.com/FFH) | USD 66,287,000 | 2.5% | add +144.9% |
| Bill Nygren (https://gigainvestors.com/HA) | USD 46,317,000 | 0.1% | reduce -5.78% |

## Total held by quarter

- 2008 Q1: USD 164,742,923 · 1 holder · USD 4.46
- 2008 Q2: USD 356,228,140 · 1 holder · USD 5.26
- 2008 Q3: USD 292,559,874 · 1 holder · USD 5.26
- 2008 Q4: USD 232,399,874 · 1 holder · USD 4.94
- 2009 Q1: USD 162,592,637 · 1 holder · USD 5.03
- 2009 Q2: USD 0 · 0 holders
- 2009 Q3: USD 0 · 0 holders
- 2009 Q4: USD 0 · 0 holders
- 2010 Q1: USD 0 · 0 holders
- 2010 Q2: USD 0 · 0 holders
- 2010 Q3: USD 0 · 0 holders
- 2010 Q4: USD 0 · 0 holders
- 2011 Q1: USD 0 · 0 holders
- 2011 Q2: USD 0 · 0 holders
- 2011 Q3: USD 0 · 0 holders
- 2011 Q4: USD 0 · 0 holders
- 2012 Q1: USD 0 · 0 holders
- 2012 Q2: USD 0 · 0 holders
- 2012 Q3: USD 0 · 0 holders
- 2012 Q4: USD 0 · 0 holders
- 2013 Q1: USD 0 · 0 holders
- 2013 Q2: USD 0 · 0 holders
- 2013 Q3: USD 0 · 0 holders
- 2013 Q4: USD 0 · 0 holders
- 2014 Q1: USD 0 · 0 holders
- 2014 Q2: USD 0 · 0 holders
- 2014 Q3: USD 0 · 0 holders
- 2014 Q4: USD 0 · 0 holders
- 2015 Q1: USD 706,322,671 · 1 holder · USD 10.90
- 2015 Q2: USD 657,937,370 · 3 holders · USD 11.28
- 2015 Q3: USD 352,855,445 · 1 holder · USD 8.65
- 2015 Q4: USD 439,335,623 · 1 holder · USD 10.77
- 2016 Q1: USD 444,230,728 · 1 holder · USD 10.89
- 2016 Q2: USD 392,424,206 · 1 holder · USD 9.62
- 2016 Q3: USD 440,559,400 · 1 holder · USD 10.80
- 2016 Q4: USD 602,125,652 · 1 holder · USD 13.52
- 2017 Q1: USD 606,133,885 · 1 holder · USD 13.61
- 2017 Q2: USD 605,447,135 · 1 holder · USD 15.51
- 2017 Q3: USD 606,227,853 · 1 holder · USD 15.53
- 2017 Q4: USD 640,969,823 · 1 holder · USD 16.42
- 2018 Q1: USD 597,330,414 · 1 holder · USD 17.55
- 2018 Q2: USD 543,414,206 · 1 holder · USD 17.18
- 2018 Q3: USD 542,148,981 · 1 holder · USD 17.14
- 2018 Q4: USD 493,754,119 · 1 holder · USD 15.61
- 2019 Q1: USD 512,201,953 · 1 holder · USD 17.89
- 2019 Q2: USD 560,587,716 · 1 holder · USD 19.58
- 2019 Q3: USD 532,079,967 · 1 holder · USD 19.98
- 2019 Q4: USD 591,466,270 · 1 holder · USD 22.21
- 2020 Q1: USD 396,263,760 · 1 holder · USD 14.88
- 2020 Q2: USD 580,015,100 · 1 holder · USD 21.78
- 2020 Q3: USD 593,863,027 · 1 holder · USD 22.30
- 2020 Q4: USD 583,743,388 · 1 holder · USD 21.92
- 2021 Q1: USD 539,536,544 · 1 holder · USD 20.26
- 2021 Q2: USD 623,689,331 · 1 holder · USD 23.42
- 2021 Q3: USD 549,226,790 · 1 holder · USD 21.68
- 2021 Q4: USD 604,200,135 · 1 holder · USD 23.85
- 2022 Q1: USD 556,573,458 · 1 holder · USD 21.97
- 2022 Q2: USD 478,293,440 · 1 holder · USD 18.88
- 2022 Q3: USD 473,480,106 · 1 holder · USD 18.69
- 2022 Q4: USD 573,293,462 · 1 holder · USD 22.63
- 2023 Q1: USD 472,751,671 · 1 holder · USD 21.78
- 2023 Q2: USD 450,934,659 · 1 holder · USD 21.75
- 2023 Q3: USD 680,688,665 · 1 holder · USD 20.41
- 2023 Q4: USD 612,980,082 · 1 holder · USD 19.48
- 2024 Q1: USD 755,676,639 · 2 holders · USD 18.84
- 2024 Q2: USD 695,355,878 · 2 holders · USD 16.96
- 2024 Q3: USD 693,811,972 · 2 holders · USD 17.52
- 2024 Q4: USD 648,321,645 · 2 holders · USD 16.30
- 2025 Q1: USD 587,760,147 · 2 holders · USD 14.63
- 2025 Q2: USD 474,056,636 · 2 holders · USD 11.42
- 2025 Q3: USD 375,877,504 · 2 holders · USD 9.16
- 2025 Q4: USD 336,585,504 · 2 holders · USD 8.33
- 2026 Q1: USD 275,563,528 · 3 holders · USD 6.95
- 2026 Q2: USD 365,187,000 · 3 holders · USD 8.29