ADCT - ADC Therapeutics S.A.
Price:
--
--
|
CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$3.50
DETAILS
HIGH:
$5.00
LOW:
$2.00
MEDIAN:
$3.50
CONSENSUS:
$3.50
UPSIDE:
143.06%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Revenue | 19.2 | 20.0 | 23.1 | 16.4 | 18.8 | 23.0 | 16.9 | 18.5 | 17.4 | 18.1 | 16.8 | 14.5 | 19.3 | 19.0 | 69.8 | 76.3 | 17.3 | 46.5 | 17.0 | 13.1 | 3.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.0 | 1.2 | 0.3 | 0.3 | 0.3 | 0.3 |
| Cost of Revenue | 2.3 | 3.6 | 1.7 | 1.2 | 0.8 | 2.1 | 1.4 | 0.9 | 1.2 | 2.5 | 125.1 | 0.4 | 1.1 | (0.0) | 0.5 | 1.3 | 2.3 | 0.5 | 0.8 | 0.5 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 30.5 | 21.8 | 23.3 | 29.1 | 29.1 | 30.0 | 30.0 |
| Gross Profit | 16.9 | 16.4 | 21.4 | 15.2 | 18.0 | 21.0 | 15.5 | 17.6 | 16.2 | 15.5 | (108.4) | 14.1 | 18.2 | 19.0 | 69.3 | 75.0 | 15.0 | 46.0 | 16.2 | 12.6 | 3.6 | 0 | 0 | 0 | 0 | 0 | 0 | (30.5) | (19.8) | (22.1) | (28.8) | (28.8) | (29.6) | (29.6) |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| R&D Expenses | 17.4 | 19.9 | 18.2 | 26.8 | 30.1 | 28.9 | 27.1 | 32.5 | 24.3 | 25.7 | 30.3 | 28.4 | 31.3 | 38.4 | 48.7 | 41.7 | 48.5 | 49.0 | 42.5 | 36.8 | 39.5 | 39.2 | 48.6 | 32.2 | 25.9 | 35.4 | 30.4 | 30.5 | 21.8 | 23.3 | 29.1 | 29.1 | 30.1 | 30.1 |
| SG&A Expenses | 22.3 | 22.6 | 21.4 | 19.0 | 19.0 | (0.6) | 20.9 | 20.7 | 20.9 | 23.4 | 25.2 | 23.1 | 26.5 | 30.9 | 31.3 | 36.5 | 30.0 | 37.4 | 36.5 | 33.6 | 34.6 | 31.5 | 29.4 | 20.3 | 19.0 | 8.5 | 4.9 | 2.3 | 4.1 | 3.3 | 2.4 | 2.4 | 2.0 | 2.0 |
| Other Expenses | 2.7 | (0.8) | (0.1) | (0.3) | 13.1 | 21.1 | 0 | 0 | 0 | 0 | (123.9) | 0 | 0 | 0 | 0 | 0 | 5.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 42.3 | 41.7 | 39.5 | 45.6 | 62.1 | 49.4 | 48.0 | 53.2 | 45.2 | 49.2 | (68.4) | 51.5 | 57.8 | 69.2 | 80.0 | 78.1 | 84.4 | 86.3 | 79.0 | 70.4 | 74.1 | 70.7 | 78.0 | 52.4 | 44.9 | 43.9 | 35.7 | 32.8 | 25.8 | 3.3 | 2.4 | 2.4 | 2.0 | 2.0 |
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (25.4) | (25.2) | (18.1) | (30.3) | (44.1) | (28.5) | (32.4) | (35.6) | (29.0) | (33.6) | (40.0) | (37.4) | (39.6) | (50.2) | (10.7) | (3.1) | (69.4) | (40.4) | (62.8) | (57.8) | (70.5) | (70.7) | (78.0) | (52.4) | (44.9) | (43.9) | (35.7) | (32.8) | (23.9) | (25.4) | (31.2) | (31.2) | (31.6) | (31.6) |
| Interest Expense | 13.5 | 12.3 | 13.0 | 13.4 | 13.0 | 12.2 | 11.9 | 13.1 | 12.7 | 12.5 | 7.7 | 12.9 | 10.3 | 10.3 | 9.8 | 11.4 | 8.8 | 9.2 | 9.5 | 4.3 | 2.6 | 2 | 2.0 | 1.9 | 0.9 | 0.0 | 0.1 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 1.8 | 2.0 | 2.4 | 2.5 | 1.9 | 2.1 | 2.6 | 3.4 | 3.3 | 2.9 | 3.3 | 3.1 | 2.4 | 2.2 | 1.6 | 0.3 | 0.0 | 18.3 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.2 | 0.4 | 0.2 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.8 | 0.8 |
| Profitability | ||||||||||||||||||||||||||||||||||
| EBITDA | (46.0) | (20.5) | 6.3 | (27.5) | (41.2) | (25.7) | (18.8) | (29.7) | (22.2) | (32.4) | (33.2) | (32.9) | (41.5) | (46.5) | (11.8) | (39.4) | (55.9) | (8.0) | (46.1) | (64.3) | (69.1) | (48.8) | (52.9) | (17.9) | (125.1) | (42.9) | (34.6) | (30.7) | (22.8) | (25.0) | (30.8) | (31.1) | (31.5) | (31.5) |
| EBIT | (46.0) | (20.6) | 6.2 | (27.6) | (42.4) | (26.5) | (19.6) | (30.5) | (23.0) | (33.3) | (34.2) | (33.8) | (42.3) | (47.2) | (12.6) | (40.0) | (56.5) | (8.6) | (46.8) | (64.9) | (69.8) | (49.4) | (53.8) | (18.4) | (125.6) | (43.3) | (35.1) | (31.0) | (23.2) | (25.4) | (31.2) | (31.2) | (31.6) | (31.6) |
| Income Before Tax | (16.6) | (33.0) | (6.8) | (41.0) | (55.4) | (38.4) | (31.0) | (43.9) | (36.3) | (46.4) | (41.9) | (47.9) | (53.4) | (58.9) | (20.2) | (51.3) | (65.3) | (17.8) | (56.4) | (71.4) | (72.3) | (51.4) | (55.8) | (20.3) | (126.5) | (43.4) | (35.2) | (31.1) | (23.3) | (24.8) | (30.6) | (30.6) | (30.8) | (30.8) |
| Income Tax Expense | 0 | 0 | (0.4) | 0 | 1.3 | 0.2 | (0.3) | 0.1 | 0.2 | 0.2 | 43.2 | (0.1) | (4.5) | 0.5 | 4.0 | (0.7) | (0.9) | (1.2) | (22.0) | 0.1 | 0.2 | 0.1 | 0.1 | (0.0) | 0.1 | 0.1 | 0.1 | 0.3 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 |
| Net Income | (16.6) | (33.0) | (6.4) | (41.0) | (56.6) | (38.6) | (30.7) | (44.0) | (36.5) | (46.6) | (85.0) | (47.8) | (48.9) | (59.4) | (24.2) | (50.6) | (64.4) | (16.7) | (34.4) | (71.5) | (72.6) | (51.5) | (55.9) | (20.3) | (126.6) | (43.5) | (35.3) | (31.3) | (23.3) | (24.9) | (30.6) | (30.6) | (30.9) | (30.9) |
| Per Share Data | ||||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.11 | -0.21 | -0.04 | -0.30 | -0.50 | -0.36 | -0.29 | -0.42 | -0.38 | -0.56 | -1.03 | -0.58 | -0.58 | -0.73 | -0.30 | -0.65 | -0.84 | -0.22 | -0.45 | -0.93 | -0.95 | -0.67 | -0.73 | -0.29 | -2.01 | -0.68 | -0.48 | -0.43 | -0.32 | -0.53 | -0.57 | -0.57 | -0.57 | -0.57 |
| EPS (Diluted) | -0.11 | -0.21 | -0.04 | -0.30 | -0.50 | -0.36 | -0.29 | -0.42 | -0.38 | -0.56 | -1.03 | -0.58 | -0.58 | -0.73 | -0.30 | -0.65 | -0.84 | -0.22 | -0.45 | -0.93 | -0.95 | -0.67 | -0.73 | -0.29 | -2.01 | -0.68 | -0.48 | -0.43 | -0.32 | -0.53 | -0.57 | -0.57 | -0.57 | -0.57 |
| Shares Outstanding | 155.0 | 154.1 | 150.3 | 136.4 | 113.7 | 107.2 | 105.4 | 104.8 | 95.7 | 82.6 | 82.3 | 82.3 | 81.5 | 80.8 | 80.6 | 78.4 | 76.9 | 76.8 | 76.4 | 76.7 | 76.7 | 76.7 | 76.7 | 70.9 | 62.9 | 63.9 | 73.3 | 73.3 | 73.3 | 47.3 | 53.8 | 53.8 | 53.8 | 53.8 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 219.1 | 231.0 | 261.3 | 234.7 | 264.6 | 194.7 | 250.9 | 274.3 | 300.1 | 234.3 | 278.6 | 310.4 | 347.5 | 310.5 | 326.4 | 380.9 | 376.8 | 430.9 | 466.5 | 530.2 | 371.9 | 383.1 | 439.2 | 494.4 | 348.6 | (115.6) | 115.6 | 182.2 | (138.8) | 138.8 | 138.8 | (262.8) |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 231.1 | 0 | 0 | 277.6 | 0 | 0 | 525.5 |
| Net Receivables | 28.0 | 31.0 | 29.1 | 22.9 | 26.2 | 31.8 | 20.3 | 24.0 | 22.9 | 23.2 | 25.2 | 21.2 | 23.9 | 24.0 | 73.0 | 23.3 | 20.9 | 26.8 | 31.1 | 15.9 | 2.1 | 0 | 2.7 | 0 | 0 | 0 | 2.8 | 0.0 | 0 | 0.2 | 0.2 | 0 |
| Inventory | 4.9 | 4.8 | 4.2 | 18.0 | 17.8 | 17.4 | 18.4 | 16.1 | 15.2 | 16.0 | 16.2 | 22.7 | 19.4 | 18.2 | 12.1 | 15.7 | 14.7 | 11.8 | 11.1 | 8.0 | 7.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2 | 0 | 0 |
| Other Current Assets | 9.6 | 9.9 | 11.7 | 5.5 | 5.7 | 7.2 | 9.4 | 18.6 | 17.2 | 16.7 | 6.0 | 21.3 | 22.0 | 27.2 | 0.2 | 18.2 | 12.2 | 18.2 | 1.1 | 14.3 | 12.8 | 10.1 | 0.4 | 12.0 | 10.5 | 0 | 0 | 3.2 | 0 | 0 | 1.7 | 0 |
| Total Current Assets | 261.7 | 276.8 | 306.3 | 287.1 | 318.8 | 258.0 | 307.4 | 333.0 | 355.4 | 290.2 | 336.3 | 375.6 | 412.8 | 380.0 | 435.0 | 438.1 | 424.4 | 487.7 | 525.2 | 568.4 | 394.4 | 393.2 | 450.4 | 506.4 | 359.1 | 115.6 | 122.6 | 185.4 | 138.8 | 142.1 | 142.1 | 262.8 |
| Non-Current Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 1.1 | 1.2 | 1.3 | 1.4 | 1.5 | 13.4 | 13.4 | 14.9 | 15.2 | 15.8 | 16.1 | 15.5 | 16.4 | 15.7 | 10.3 | 9.9 | 9.7 | 10.7 | 11.2 | 11.6 | 11.3 | 10.5 | 4.8 | 4.9 | 5.5 | 0 | 6.3 | 6.8 | 0 | 1.5 | 1.5 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (178.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.4 | 13.5 | 13.6 | 14.4 | 14.6 | 14.6 | 13.9 | 13.6 | 13.3 | 12.0 | 10.1 | 10.2 | 9.8 | 187.5 | 0 | 8.4 | 8.4 | 0 | 6.7 | 6.7 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.9 | 1.6 | 27.0 | 28.3 | 29.5 | 7.6 | 34.7 | 36.8 | 38.7 | 41.2 | 44.0 | 46.2 | 47.4 | 47.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 16.6 | 13.5 | 15.5 | 1.2 | 1.3 | 1.2 | 1.2 | 1.2 | 1.0 | 1.0 | 0.7 | 1.0 | 1.4 | 1.2 | (13.5) | 0.9 | 0.9 | 1.0 | 0.7 | 0.7 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | (115.6) | 0.4 | 0.3 | (138.8) | 0.3 | 0.3 | (262.8) |
| Total Non-Current Assets | 17.7 | 14.7 | 16.8 | 2.6 | 2.8 | 14.6 | 14.6 | 16.1 | 16.4 | 17.8 | 18.5 | 91.3 | 94.5 | 87.7 | 55.9 | 93.7 | 96.0 | 94.2 | 92.8 | 69.6 | 70.0 | 68.5 | 63.2 | 15.1 | 14.7 | (115.6) | 15.1 | 15.4 | (138.8) | 8.5 | 8.5 | (262.8) |
| Total Assets | 279.4 | 291.5 | 323.1 | 289.8 | 321.6 | 272.5 | 322.0 | 349.1 | 371.8 | 308.0 | 354.8 | 466.9 | 507.3 | 467.7 | 490.9 | 531.8 | 520.5 | 581.9 | 618.0 | 638.0 | 464.4 | 461.7 | 513.7 | 521.5 | 373.8 | 0 | 137.7 | 200.8 | 0 | 150.6 | 150.6 | 0 |
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Account Payables | 12.8 | 5.3 | 9.2 | 8.1 | 9.6 | 15.6 | 18.0 | 14.4 | 10.7 | 14.3 | 15.6 | 9.0 | 11.7 | 8.7 | 12.4 | 11.6 | 13.0 | 16.5 | 12.1 | 12.0 | 14.6 | 11.5 | 0 | 6.1 | 6.8 | 0 | 3.3 | 1.2 | 0 | 6.8 | 6.8 | 0 |
| Short-Term Debt | 6.2 | 4.6 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.3 | 13.9 | 13.5 | 12.5 | 12.5 | 6.6 | 6.5 | 6.6 | 6.6 | 6.2 | 3.6 | 4.6 | 2.6 | 3.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 20.4 | 0 | 0 | 0 | 0 | 1.8 | 0 | 0 |
| Other Current Liabilities | 67.4 | 28.6 | 58.0 | 17.5 | 18.9 | 9.4 | 26.9 | 11.8 | 10.9 | 41.2 | 37.9 | 53.5 | 53.4 | 57.4 | 4.1 | 62.7 | 52.4 | 40.4 | 14.1 | 39.7 | 29.4 | 25.5 | 23.6 | 22.7 | 0 | 0 | 0.8 | 0.2 | 0 | 0 | 2.5 | 0 |
| Total Current Liabilities | 86.3 | 67.6 | 70.2 | 62.0 | 64.6 | 57.8 | 80.5 | 67.7 | 57.6 | 63.0 | 67.7 | 78.2 | 80.6 | 81.1 | 81.9 | 87.6 | 73.7 | 70.8 | 73.9 | 59.3 | 51.5 | 41.4 | 40.4 | 32.6 | 31.4 | 0 | 19.9 | 17.0 | 0 | 22.4 | 22.4 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | 410.9 | 111.0 | 436.0 | 115.2 | 114.5 | 440.6 | 113.6 | 114.2 | 113.7 | 113.2 | 112.7 | 97.7 | 97.4 | 97.0 | 109.7 | 96.7 | 89.8 | 88.4 | 125.1 | 85.9 | 84.6 | 35.8 | 108.0 | 33.8 | 32.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 10.3 | 328.2 | 2.8 | 349.6 | 340.4 | 4.4 | 2.4 | 7.6 | 322.8 | 6.5 | 312.5 | 311.6 | 303.7 | 217.4 | 189.7 | 212.5 | 212.1 | 229.9 | 222.3 | 274.8 | 53.2 | 79.0 | 3.8 | 76.5 | 110.0 | 0 | 2.7 | 1.6 | 0 | 1.4 | 0 | 0 |
| Total Non-Current Liabilities | 421.3 | 440.2 | 438.8 | 465.9 | 456.1 | 453.0 | 444.2 | 453.3 | 445.8 | 439.4 | 435.4 | 442.9 | 435.3 | 348.9 | 329.5 | 339.4 | 331.4 | 348.4 | 377.9 | 391.4 | 169.0 | 122.3 | 137.8 | 112.9 | 146.2 | 0 | 6.6 | 5.8 | 0 | 2.0 | 0 | 0 |
| Total Liabilities | 507.6 | 507.9 | 509.0 | 527.9 | 520.7 | 510.8 | 524.6 | 521.0 | 503.4 | 502.4 | 503.0 | 521.1 | 515.9 | 430.0 | 411.4 | 427.0 | 405.1 | 419.2 | 451.9 | 450.7 | 220.5 | 163.7 | 178.2 | 145.5 | 177.5 | 0 | 26.5 | 22.9 | 0 | 24.3 | 22.4 | 0 |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Common Stock | 11.3 | 11.2 | 11.1 | 9.8 | 9.8 | 8.4 | 8.4 | 8.2 | 8.2 | 7.3 | 7.3 | 7.3 | 7.3 | 7.3 | 7.3 | 6.7 | 6.4 | 6.4 | 6.4 | 6.4 | 6.4 | 6.3 | 6.3 | 6.3 | 5.8 | 0 | 4.4 | 0.4 | 0 | 0.4 | 0.4 | 0 |
| Retained Earnings | (1,685.5) | (1,668.9) | (1,635.9) | (1,629.5) | (1,588.6) | (1,531.9) | (1,493.3) | (1,462.6) | (1,418.6) | (1,382.1) | (1,335.5) | (1,235.0) | (1,187.2) | (1,140.1) | (1,095.4) | (1,056.5) | (1,005.9) | (941.5) | (924.9) | (890.5) | (819.0) | (746.4) | (694.9) | (638.9) | (618.6) | 0 | (448.6) | (381.9) | 0 | (332.1) | (332.1) | 0 |
| Accumulated Other Comprehensive Income | (0.8) | (0.8) | (0.5) | (0.7) | (0.4) | (1.1) | (1.4) | 0.2 | (0.3) | (0.2) | (0.1) | 166.0 | 164.1 | 163.3 | 1.8 | 147.2 | 133.1 | 116.1 | 102.8 | 89.9 | 75.3 | 57.0 | 43.0 | 27.6 | 16.5 | 111.2 | 5.5 | 5.8 | 126.2 | 5.7 | 5.7 | 249.2 |
| Total Stockholders' Equity | (228.2) | (216.4) | (185.8) | (238.2) | (199.2) | (238.2) | (202.6) | (171.9) | (131.7) | (194.4) | (148.2) | (54.2) | (8.6) | 37.7 | 79.5 | 104.8 | 115.3 | 162.7 | 166.1 | 187.3 | 243.9 | 298.0 | 335.5 | 376.1 | 196.3 | 111.2 | 111.2 | 178.0 | 126.2 | 126.2 | 126.2 | 249.2 |
| Total Liabilities & Equity | 279.4 | 291.5 | 323.1 | 289.8 | 321.6 | 272.5 | 322.0 | 349.1 | 371.8 | 308.0 | 354.8 | 466.9 | 507.3 | 467.7 | 490.9 | 531.8 | 520.5 | 581.9 | 618.0 | 638.0 | 464.4 | 461.7 | 513.7 | 521.5 | 373.8 | 111.2 | 137.7 | 200.8 | 126.2 | 150.6 | 148.6 | 249.2 |
| Debt Metrics | ||||||||||||||||||||||||||||||||
| Total Debt | 417.1 | 116.7 | 439.0 | 117.3 | 117.5 | 449.9 | 123.0 | 124.6 | 124.4 | 124.3 | 124.4 | 123.5 | 123.6 | 122.9 | 129.8 | 116.7 | 103.3 | 102.6 | 139.7 | 100.6 | 99.4 | 47.8 | 115.1 | 40.1 | 40.4 | 0 | 5.0 | 5.4 | 0 | 0 | 0 | 0 |
| Net Debt | 198.0 | (114.3) | 177.7 | (117.5) | (147.0) | 255.2 | (127.9) | (149.7) | (175.7) | (110.0) | (154.2) | (186.9) | (223.9) | (187.6) | (196.6) | (264.2) | (273.5) | (328.3) | (326.8) | (429.5) | (272.4) | (335.3) | (324.1) | (454.3) | (308.2) | 115.6 | (110.5) | (176.8) | 138.8 | (138.8) | (138.8) | 262.8 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | (16.6) | (33.0) | (6.4) | (41.0) | (56.6) | (38.6) | (30.7) | (44.0) | (36.5) | (46.6) | (85.0) | (46.7) | (48.9) | (59.4) | (23.3) | (50.6) | (64.4) | (16.7) | (34.4) | (71.5) | (72.6) | (51.5) | (55.9) | (20.3) | (126.6) | (43.5) | (35.3) | (31.3) | (23.3) | (24.9) | (30.6) | (30.6) | (30.9) | (30.9) |
| Depreciation & Amortization | 1.1 | 0.1 | 0.1 | 0.1 | 1.2 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 1.0 | 0.9 | 0.8 | 0.7 | 0.8 | 0.6 | 0.6 | 0.6 | 0.8 | 0.7 | 0.6 | 0.6 | 0.8 | 0.5 | 0.4 | 0.4 | 0.5 | 0.4 | 0.4 | 0.4 | 0.4 | 0.1 | 0.1 | 0.1 |
| Stock-Based Compensation | 4.5 | 2.4 | 6.1 | 2 | 1.8 | 2.4 | 1.6 | 2.8 | 2.0 | 0.2 | 0 | 2.1 | 1.1 | 8.1 | 0 | 14.6 | 13.8 | 13.4 | 13.5 | 14.8 | 0 | 14.0 | 15.4 | 11.0 | 12.7 | 3.8 | 0.8 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Change in Working Capital | 10.9 | (5.0) | (11.9) | 0.4 | 15.3 | (29.5) | 10.0 | 8.5 | (4.8) | (9.9) | 10.0 | (0.5) | 5.0 | 32.9 | (58.3) | (4.7) | 16.5 | (1.6) | (9.6) | (13.7) | 1.5 | 1.8 | 9.9 | (2.2) | (0.5) | 7.0 | 1.0 | (1.8) | 0.4 | 0.4 | 0.9 | 0.2 | 1.0 | 1.0 |
| Other Non-Cash Items | (11.8) | 5.7 | (19.1) | 8.8 | 14.2 | 8.6 | (3.6) | 6.8 | 5.7 | 11.4 | (5.1) | 8.1 | 12.1 | 2.3 | 21.2 | 41.9 | (15.4) | (25.8) | (9.9) | 11.2 | 12.7 | (19.9) | (22.0) | (33.2) | 73.2 | 0.1 | (1.4) | 0.0 | (5.4) | (3.8) | (0.7) | 0.2 | (1.1) | (1.1) |
| Operating Cash Flow | (11.8) | (29.7) | (31.1) | (29.6) | (24.1) | (56.3) | (21.9) | (25.0) | (32.8) | (44.1) | (32.7) | (36.7) | (35.0) | (15.4) | (53.9) | 2.2 | (53.0) | (33.9) | (61.6) | (58.6) | (57.7) | (55.1) | (51.7) | (44.3) | (40.6) | (32.1) | (33.7) | (32.2) | (27.8) | (27.8) | (29.9) | (29.9) | (30.7) | (30.7) |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditure | 0.0 | (0.0) | (0.0) | (0.0) | 0 | (0.3) | (0.1) | (0.2) | (0.0) | (0.5) | (0.3) | (0.7) | (1.2) | (1.0) | (0.2) | (0.3) | (0.8) | (1.1) | (0.5) | (2.3) | (0.9) | (0.7) | (0.8) | (1.4) | (0.1) | (0.5) | (0.2) | (0.0) | (0.1) | (0.1) | (0.2) | (0.2) | (0.2) | (0.2) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.2) | 0 | 0 | 0 | 0.2 | (0.1) | (0.6) | (1.2) | (0.4) | (0.9) | 0 | 0 | (0.0) | (1) | (0.0) | (0.0) | (0.1) | (0.0) | (0.9) | (0.9) | (0.8) | (0.8) | (0.0) | (0.0) |
| Investing Cash Flow | 0.0 | (0.0) | 0.7 | (0.0) | 0 | (0.3) | (0.1) | (0.2) | (0.0) | (0.5) | (0.5) | (0.7) | (1.2) | (1.0) | 1.7 | (0.3) | (0.7) | (1.4) | (0.8) | (2.3) | (2.8) | (0.7) | (0.8) | (1.4) | (0.1) | (0.5) | (0.3) | (0.0) | (1.0) | (1.0) | (1.0) | (1.0) | (0.3) | (0.3) |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.4) | (0.3) | (0.2) | (1.9) | 114.2 | (0.3) | (0.3) | (0.2) | (0.2) | 0 | (0.3) | (0.2) | (0.4) | (0.3) | (0.3) | (0.2) | (0.3) | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | 101.5 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (0.2) | (0.8) | (1.3) | 0.3 | 43.0 | 0.3 | (1.2) | 0.3 | 98.7 | 0.4 | 0.3 | 0.8 | 73.4 | 0.6 | (0.6) | (111.9) | 0 | 0 | (1.0) | 219.5 | 49.3 | 0.0 | 0.1 | 0 | 307.1 | 0 | 0 | 0.1 | 50.5 | 50.5 | (0.0) | (0.0) | (0.0) | (0.0) |
| Financing Cash Flow | (0.1) | (0.6) | 58.2 | (0.2) | 93.8 | 0.3 | (1.1) | (0.9) | 98.7 | 0.4 | 1.0 | 0.3 | 73.1 | 0.4 | (2.7) | 2.4 | (0.3) | (0.3) | (1.2) | 219.3 | 49.5 | (0.3) | (2.9) | 191.3 | 306.8 | (0.3) | (0.1) | (0.3) | 50.5 | 50.5 | (0.0) | (0.0) | (0.0) | (0.0) |
| Cash Position | ||||||||||||||||||||||||||||||||||
| Net Change in Cash | (11.9) | (30.3) | 26.6 | (29.8) | 69.9 | (56.2) | (23.4) | (25.8) | 65.8 | (44.3) | (31.8) | (37.1) | 37.0 | (15.9) | (54.4) | 4.1 | (54.1) | (35.7) | (63.6) | 158.3 | (11.2) | (56.1) | (55.2) | 145.8 | 266.0 | (33.0) | (34.0) | (32.6) | 21.7 | 21.7 | (30.9) | (30.9) | (31.0) | (31.0) |
| Cash at Beginning | 231.0 | 261.3 | 234.7 | 264.6 | 194.7 | 250.9 | 274.3 | 300.1 | 234.3 | 278.6 | 310.4 | 347.5 | 310.5 | 326.4 | 380.9 | 376.8 | 430.9 | 466.5 | 530.2 | 371.9 | 383.1 | 439.2 | 494.4 | 348.6 | 82.6 | 115.6 | 149.5 | 182.2 | 21.7 | 138.8 | 169.8 | 200.7 | 231.7 | 0 |
| Cash at End | 219.1 | 231.0 | 261.3 | 234.7 | 264.6 | 194.7 | 250.9 | 274.3 | 300.1 | 234.3 | 278.6 | 310.4 | 347.5 | 310.5 | 326.4 | 380.9 | 376.8 | 430.9 | 466.5 | 530.2 | 371.9 | 383.1 | 439.2 | 494.4 | 348.6 | 82.6 | 115.6 | 149.5 | 43.3 | 160.5 | 138.8 | 169.8 | 200.7 | (31.0) |
| Free Cash Flow | (11.8) | (29.7) | (31.1) | (29.6) | (24.1) | (56.6) | (21.9) | (25.3) | (32.9) | (44.6) | (33.1) | (37.3) | (36.2) | (16.4) | (54.1) | 1.9 | (53.8) | (35) | (62.2) | (60.9) | (58.7) | (55.8) | (52.5) | (45.7) | (40.8) | (32.6) | (33.8) | (32.3) | (27.9) | (27.9) | (30.2) | (30.2) | (31.0) | (31.0) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||||
| Revenue | 19.2 | 20.0 | 23.1 | 16.4 | 18.8 | 23.0 | 16.9 | 18.5 | 17.4 | 18.1 | 16.8 | 14.5 | 19.3 | 19.0 | 69.8 | 76.3 | 17.3 | 46.5 | 17.0 | 13.1 | 3.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.0 | 1.2 | 0.3 | 0.3 | 0.3 | 0.3 |
| Gross Profit | 16.9 | 16.4 | 21.4 | 15.2 | 18.0 | 21.0 | 15.5 | 17.6 | 16.2 | 15.5 | (108.4) | 14.1 | 18.2 | 19.0 | 69.3 | 75.0 | 15.0 | 46.0 | 16.2 | 12.6 | 3.6 | 0 | 0 | 0 | 0 | 0 | 0 | (30.5) | (19.8) | (22.1) | (28.8) | (28.8) | (29.6) | (29.6) |
| Operating Income | (25.4) | (25.2) | (18.1) | (30.3) | (44.1) | (28.5) | (32.4) | (35.6) | (29.0) | (33.6) | (40.0) | (37.4) | (39.6) | (50.2) | (10.7) | (3.1) | (69.4) | (40.4) | (62.8) | (57.8) | (70.5) | (70.7) | (78.0) | (52.4) | (44.9) | (43.9) | (35.7) | (32.8) | (23.9) | (25.4) | (31.2) | (31.2) | (31.6) | (31.6) |
| Net Income | (16.6) | (33.0) | (6.4) | (41.0) | (56.6) | (38.6) | (30.7) | (44.0) | (36.5) | (46.6) | (85.0) | (47.8) | (48.9) | (59.4) | (24.2) | (50.6) | (64.4) | (16.7) | (34.4) | (71.5) | (72.6) | (51.5) | (55.9) | (20.3) | (126.6) | (43.5) | (35.3) | (31.3) | (23.3) | (24.9) | (30.6) | (30.6) | (30.9) | (30.9) |
| EPS (Diluted) | -0.11 | -0.21 | -0.04 | -0.30 | -0.50 | -0.36 | -0.29 | -0.42 | -0.38 | -0.56 | -1.03 | -0.58 | -0.58 | -0.73 | -0.30 | -0.65 | -0.84 | -0.22 | -0.45 | -0.93 | -0.95 | -0.67 | -0.73 | -0.29 | -2.01 | -0.68 | -0.48 | -0.43 | -0.32 | -0.53 | -0.57 | -0.57 | -0.57 | -0.57 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 219.1 | 231.0 | 261.3 | 234.7 | 264.6 | 194.7 | 250.9 | 274.3 | 300.1 | 234.3 | 278.6 | 310.4 | 347.5 | 310.5 | 326.4 | 380.9 | 376.8 | 430.9 | 466.5 | 530.2 | 371.9 | 383.1 | 439.2 | 494.4 | 348.6 | (115.6) | 115.6 | 182.2 | (138.8) | 138.8 | 138.8 | (262.8) | ||
| Total Assets | 279.4 | 291.5 | 323.1 | 289.8 | 321.6 | 272.5 | 322.0 | 349.1 | 371.8 | 308.0 | 354.8 | 466.9 | 507.3 | 467.7 | 490.9 | 531.8 | 520.5 | 581.9 | 618.0 | 638.0 | 464.4 | 461.7 | 513.7 | 521.5 | 373.8 | 0 | 137.7 | 200.8 | 0 | 150.6 | 150.6 | 0 | ||
| Total Debt | 417.1 | 116.7 | 439.0 | 117.3 | 117.5 | 449.9 | 123.0 | 124.6 | 124.4 | 124.3 | 124.4 | 123.5 | 123.6 | 122.9 | 129.8 | 116.7 | 103.3 | 102.6 | 139.7 | 100.6 | 99.4 | 47.8 | 115.1 | 40.1 | 40.4 | 0 | 5.0 | 5.4 | 0 | 0 | 0 | 0 | ||
| Stockholders' Equity | (228.2) | (216.4) | (185.8) | (238.2) | (199.2) | (238.2) | (202.6) | (171.9) | (131.7) | (194.4) | (148.2) | (54.2) | (8.6) | 37.7 | 79.5 | 104.8 | 115.3 | 162.7 | 166.1 | 187.3 | 243.9 | 298.0 | 335.5 | 376.1 | 196.3 | 111.2 | 111.2 | 178.0 | 126.2 | 126.2 | 126.2 | 249.2 | ||
| Cash Flow | ||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (11.8) | (29.7) | (31.1) | (29.6) | (24.1) | (56.3) | (21.9) | (25.0) | (32.8) | (44.1) | (32.7) | (36.7) | (35.0) | (15.4) | (53.9) | 2.2 | (53.0) | (33.9) | (61.6) | (58.6) | (57.7) | (55.1) | (51.7) | (44.3) | (40.6) | (32.1) | (33.7) | (32.2) | (27.8) | (27.8) | (29.9) | (29.9) | (30.7) | (30.7) |
| Capital Expenditure | 0.0 | (0.0) | (0.0) | (0.0) | 0 | (0.3) | (0.1) | (0.2) | (0.0) | (0.5) | (0.3) | (0.7) | (1.2) | (1.0) | (0.2) | (0.3) | (0.8) | (1.1) | (0.5) | (2.3) | (0.9) | (0.7) | (0.8) | (1.4) | (0.1) | (0.5) | (0.2) | (0.0) | (0.1) | (0.1) | (0.2) | (0.2) | (0.2) | (0.2) |
| Free Cash Flow | (11.8) | (29.7) | (31.1) | (29.6) | (24.1) | (56.6) | (21.9) | (25.3) | (32.9) | (44.6) | (33.1) | (37.3) | (36.2) | (16.4) | (54.1) | 1.9 | (53.8) | (35) | (62.2) | (60.9) | (58.7) | (55.8) | (52.5) | (45.7) | (40.8) | (32.6) | (33.8) | (32.3) | (27.9) | (27.9) | (30.2) | (30.2) | (31.0) | (31.0) |