ETSY INC

ETSY · Services-Business Services, NEC · 94.9M shares · +3%/yr ↑ dilution · EDGAR filings ↗

Net buyback after stock comp: $292M (gross $577M, SBC $285M)

Reference price $79.00 · est. market cap ~$7.5B — last insider sale, 2026-06-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)

Grade

B72

gen composite 58pct→72

Notable findings

Negative equityNegative book equity (debt/equity -2.72)
Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
Strong balance sheetStrong balance sheet — $1.8B cash & investments
Notable holderHeld by 6 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, GOLDMAN SACHS GROUP INC, STATE STREET CORP +3 more (as of 2026-03-31)

Quarterly revenue

2025-06-30 · $712M2025-09-30 · $678M2025-12-31 · $882M2026-03-31 · $631M

Last 4 quarters · from SEC filings.

Key metrics

Gross margin

71.6%

Operating margin

9.2%

Net margin

5.7%

Return on equity

-14.8%

Return on assets

5.8%

ROIC

11.2%

Revenue growth (QoQ)

3.1%

Net-income growth

-46.3%

Debt / equity

-2.7×

Net debt / EBITDA

3.3×

Current ratio

1.4×

Free cash flow

$678M

EBITDA

$368M

Tangible book value

-$1.4B

Cash & investments

$1.8B

Stock comp / revenue

8.5%

Leadership & compensation

Name	Role	Latest total comp
PATEL GOYAL KRUTI	Chief Executive Officer	—
Baker Charles	Chief Financial Officer	—
Buckley Merilee	CHIEF ACCOUNTING OFFICER	—
Colburn Richard Edward III	Chief Product & Tech Officer	—
Colin StretchChief Legal Officer and	Officer	$6M FY2025
Daniel Nicholas	CHIEF PRODUCT OFFICER	—
Josh SilvermanChief Executive Officer	Officer	$18M FY2025
Kruti Patel GoyalPresident and	Officer	$10M FY2025
Lanny BakerChief Financial Officer	Officer	$9M FY2025
Minor Bradley	Chief Marketing Officer	—
Nadal Toni Thompson	CHIEF HUMAN RESOURCES OFFICER	—
Rafe ColburnChief Product and Technology Officer	Officer	$11M FY2025
Stretch Colin	CHIEF LEGAL OFFICER	—
C. Andrew Ballard	Director	$258K FY2025
David Rosenblatt	Director	$336K FY2025
Fred Wilson	Director	$425K FY2025
Gary S. Briggs	Director	$258K FY2025
KLEIN JONATHAN D	Director	—
M. Michele Burns	Director	$258K FY2025
Marc Steinberg	Director	$263K FY2025
Margaret M. Smyth	Director	$263K FY2025
Marla Blow	Director	$258K FY2025
Melissa Reiff	Director	$258K FY2025
Silverman Josh	Director	—
WILSON FREDERICK R	Director	—

Officers & directors from SEC filings (Form 4 + DEF 14A proxy); compensation is the latest reported fiscal year.

Insider transactions · last 6 months

Date	Insider	Type	Shares	Price
2026-06-24	Silverman Josh	Sell	97K	$79.00
2026-06-24	Silverman Josh	Option exercise	97K	$10.62
2026-06-17	REIFF MELISSA	Sell	3.5K	$75.00
2026-06-16	Silverman Josh	Option exercise	52K	$10.62
2026-06-16	Silverman Josh	Sell	52K	$74.00
2026-06-15	Silverman Josh	Option exercise	50K	$10.62
2026-06-15	Silverman Josh	Sell	50K	$72.50
2026-06-09	ROSENBLATT DAVID S	Option exercise	4.7K	—
2026-06-09	BURNS M MICHELE	Option exercise	4.7K	—
2026-06-09	Steinberg Marc	Option exercise	4.7K	—
2026-06-09	Blow Marla J	Option exercise	4.7K	—
2026-06-09	BALLARD CHARLES ANDREW	Option exercise	4.7K	—
2026-06-09	REIFF MELISSA	Option exercise	4.7K	—
2026-06-09	Smyth Margaret Mary	Option exercise	4.7K	—
2026-06-09	BRIGGS GARY S	Option exercise	4.7K	—
2026-06-01	Silverman Josh	Sell	82K	$69.09
2026-06-01	Colburn Richard Edward III	Option exercise	6.5K	—
2026-06-01	Colburn Richard Edward III	Tax withheld	3.5K	$69.00
2026-06-01	Silverman Josh	Option exercise	135K	$10.62
2026-06-01	Silverman Josh	Sell	53K	$68.57
2026-06-01	WILSON FREDERICK R	Sell	14K	$68.59
2026-06-01	WILSON FREDERICK R	Sell	6.0K	$69.26
2026-05-22	WILSON FREDERICK R	Sell	4.7K	$62.64
2026-05-22	WILSON FREDERICK R	Sell	6.0K	$61.95
2026-05-22	WILSON FREDERICK R	Sell	9.3K	$60.92
2026-05-15	Blow Marla J	Sell	272	$58.22
2026-05-15	Blow Marla J	Sell	28	$58.50
2026-05-05	Baker Charles	Sell	327	$64.00
2026-05-05	Baker Charles	Sell	1.7K	$63.40
2026-05-04	Colburn Richard Edward III	Sell	4.8K	$65.09
2026-05-01	Silverman Josh	Option exercise	88K	$10.62
2026-05-01	Minor Bradley	Option exercise	2.1K	—
2026-05-01	Minor Bradley	Tax withheld	754	$63.17
2026-05-01	Silverman Josh	Sell	74K	$64.11
2026-05-01	Silverman Josh	Sell	14K	$64.54
2026-05-01	Baker Charles	Option exercise	6.2K	—
2026-05-01	Baker Charles	Tax withheld	3.4K	$63.17
2026-04-29	Silverman Josh	Option exercise	36K	$10.62
2026-04-29	Silverman Josh	Sell	36K	$69.00
2026-04-21	Silverman Josh	Option exercise	70K	$10.62
2026-04-21	Silverman Josh	Sell	70K	$65.00
2026-04-20	Silverman Josh	Sell	30K	$64.00
2026-04-20	Silverman Josh	Option exercise	30K	$10.62
2026-04-16	Silverman Josh	Sell	24K	$59.00
2026-04-16	Silverman Josh	Option exercise	24K	$10.62
2026-04-06	Silverman Josh	Option exercise	12K	$10.62
2026-04-06	Buckley Merilee	Sell	122	$53.98
2026-04-06	Silverman Josh	Sell	12K	$54.00
2026-04-06	Buckley Merilee	Sell	1.2K	$52.65
2026-04-06	Buckley Merilee	Sell	687	$53.19
2026-04-01	Stretch Colin	Option exercise	28K	—
2026-04-01	Stretch Colin	Tax withheld	17K	$49.97
2026-04-01	Silverman Josh	Tax withheld	50K	$49.97
2026-04-01	Silverman Josh	Option exercise	6.1K	$10.62
2026-04-01	Silverman Josh	Sell	5.9K	$49.02
2026-04-01	Silverman Josh	Sell	206	$50.36
2026-04-01	Silverman Josh	Option exercise	90K	—
2026-04-01	Colburn Richard Edward III	Option exercise	5.0K	—
2026-04-01	Colburn Richard Edward III	Tax withheld	2.6K	$49.97
2026-04-01	Minor Bradley	Option exercise	5.5K	—
2026-04-01	Minor Bradley	Tax withheld	2.0K	$49.97
2026-04-01	Buckley Merilee	Option exercise	3.1K	—
2026-04-01	Buckley Merilee	Tax withheld	1.1K	$49.97
2026-04-01	PATEL GOYAL KRUTI	Option exercise	39K	—
2026-04-01	PATEL GOYAL KRUTI	Tax withheld	20K	$49.97
2026-03-27	Smyth Margaret Mary	Option exercise	42K	$9.67
2026-03-04	BALLARD CHARLES ANDREW	Sell	1.8K	$55.74
2026-03-01	Colburn Richard Edward III	Tax withheld	3.3K	$54.88
2026-03-01	Colburn Richard Edward III	Option exercise	6.5K	—
2026-02-24	Baker Charles	Sell	23	$52.38
2026-02-24	Baker Charles	Sell	7.6K	$53.79
2026-02-23	Colburn Richard Edward III	Sell	2.5K	$51.92
2026-02-17	Blow Marla J	Sell	285	$44.63
2026-02-17	Blow Marla J	Sell	15	$45.72
2026-02-02	Silverman Josh	Option exercise	22K	$10.62
2026-02-02	Silverman Josh	Sell	21K	$53.25
2026-02-02	Silverman Josh	Sell	199	$53.83
2026-02-01	Baker Charles	Option exercise	25K	—
2026-02-01	Baker Charles	Tax withheld	11K	$52.96

All non-derivative Form 4 activity (SEC), newest first.

Notable events (8-K)

Date	Items
2026-06-12	Shareholder voteExhibits	filing ↗
2026-05-28	Material agreementExhibits	filing ↗
2026-04-29	ResultsExhibits	filing ↗
2026-02-19	ResultsExhibits	filing ↗
2026-02-18	Material agreementResultsReg FDExhibits	filing ↗
2025-12-19	5.03Reg FDOtherExhibits	filing ↗
2025-10-29	Exec/director changeExhibits	filing ↗
2025-10-29	ResultsExhibits	filing ↗

Recent filings

Form	Filed	Period	Accession
8-K	2026-06-12	2026-06-09	0001370637-26-000058 ↗
8-K	2026-05-28	2026-05-21	0001370637-26-000054 ↗
8-K	2026-04-29	2026-04-29	0001370637-26-000042 ↗
10-Q	2026-04-29	2026-03-31	0001370637-26-000044 ↗
DEF 14A	2026-04-17	2026-04-17	0001370637-26-000026 ↗
10-K	2026-02-19	2025-12-31	0001370637-26-000019 ↗
8-K	2026-02-19	2026-02-19	0001370637-26-000017 ↗
8-K	2026-02-18	2026-02-15	0001370637-26-000012 ↗
8-K	2025-12-19	2025-12-16	0001370637-25-000106 ↗
10-Q	2025-10-29	2025-09-30	0001370637-25-000100 ↗
8-K	2025-10-29	2025-10-24	0001370637-25-000097 ↗
8-K	2025-10-29	2025-10-29	0001370637-25-000098 ↗