ADMA Biologics, Inc. logo ADMA - ADMA Biologics, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 8
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $21.00 DETAILS
HIGH: $24.00
LOW: $18.00
MEDIAN: $21.00
CONSENSUS: $21.00
UPSIDE: 154.85%
Metric 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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3
Revenue
Revenue 114.5 139.2 134.2 122.0 114.8 117.5 119.8 107.2 81.9 73.9 67.3 60.1 56.9 50.0 41.1 33.9 29.1 26.4 20.7 17.8 16.0 14.0 10.3 7.8 10.2 12.0 7.2 6.6 3.5 4.1 4.2 4.7 4.0 12.0 4.7 3.4 2.6 3.3 2.9 2.3 2.1 2.5 1.9 1.3 1.5 1.5 1.4 1.5 1.6 0.4 1.1 0.7 0.8 0.5 0.4 0.2 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cost of Revenue 33.7 50.3 58.6 54.8 53.7 54.2 60.2 49.7 42.8 42.8 42.6 43.4 40.4 35.8 31.4 26.1 25.4 22.9 20.3 18.8 17.8 19.1 11.9 13.5 16.8 11.7 7.9 10.5 9.4 11.1 9.2 9.6 12.2 11.9 11.3 4.3 1.6 2.0 1.7 1.3 1.3 1.5 1.1 0.8 0.9 1.0 0.9 0.9 1.0 0.3 0.7 0.5 0.5 0.4 0.1 0.1 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
Gross Profit 80.8 88.8 75.6 67.2 61.1 63.3 59.7 57.5 39.1 31.1 24.7 16.7 16.5 14.2 9.7 7.8 3.7 3.5 0.4 (1.0) (1.7) (5.2) (1.6) (5.7) (6.6) 0.3 (0.7) (3.9) (5.9) (7.1) (4.9) (5.0) (8.2) 0.1 (6.6) (0.9) 1.0 1.3 1.2 0.9 0.9 1.0 0.7 0.5 0.6 0.5 0.5 0.6 0.6 0.1 0.4 0.3 0.3 0.1 0.2 0.1 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
Operating Expenses
R&D Expenses 2.6 1.4 1.5 1.0 0.8 0.4 0.4 0.6 0.5 0.4 0.6 1.4 0.9 1.1 1.0 0.9 0.6 0.7 0.8 1.2 1.0 1.0 1.7 1.7 1.5 0.5 0.5 0.5 0.9 (0.1) 1.3 1.5 1.3 1.9 1.8 1.4 1.2 0.6 1.7 3.4 2.0 2.0 2.1 1.5 1.4 1.9 1.5 1.8 4.3 3.0 1.4 3.5 1.5 1.3 1.9 0.2 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 26.7 23.5 23.0 22.2 24.1 23.3 18.6 16.6 15.6 15.5 14.7 14.2 14.5 13.9 12.9 12.0 13.7 11.7 10.7 10.4 10.0 9.3 9.1 8.7 7.9 7.0 7.2 6.1 5.6 7.1 5.4 5.0 5.0 5.2 4.2 4.4 4.3 3.3 1.8 1.7 1.7 1.9 2.1 1.4 1.3 1.1 1.0 1.5 1.1 1.0 0.8 1.1 1.4 0.7 1.0 0.7 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.8 0 10.9 7.1 24.9 16.1 11.2 0.0 29.7 0.0 0.0 0.0
Other Expenses 1.1 1.2 0.0 1.2 1.3 1.3 1.0 1.1 1.2 0.9 0.6 1.5 2.0 5.3 5.0 4.1 4.2 4.3 3.3 3.0 2.4 1.8 1.4 1.1 0.7 0.7 (0.0) (0.0) (0.0) (0.1) (0.0) (0.0) 0.0 2.7 1.9 1.7 1.5 1.4 1.5 0.0 1.3 1.3 1.2 1.1 1.0 1.2 1.0 0.8 0.8 0.7 0.7 0.1 0.5 1.7 0 0 0 0.0 0.0 (0.0) 0.0 0.0 0.0 (0.0) 0.0 0.0 0 (20.0) 0 0 0 0.0 0.0 0.0 0 0 0 0
Operating Expenses 30.4 26.1 24.6 24.4 26.2 25.0 20.0 18.3 17.3 16.9 16.0 17.2 17.3 20.2 19.0 16.9 18.5 16.7 14.8 14.6 13.4 12.1 12.2 11.4 10.1 8.2 8.4 7.4 7.3 9.5 8.9 8.4 8.3 9.8 7.9 7.5 6.9 5.3 4.9 6.4 5.0 5.1 5.4 4.0 3.8 4.2 3.5 4.1 6.3 4.7 2.9 5.1 3.4 3.7 3.0 0.9 0.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.8 (20.0) 10.9 7.1 24.9 16.1 11.2 0.0 29.7 0.0 0.0 0.0
Operating Income
Operating Income 50.3 62.8 51.0 42.8 34.9 38.3 39.6 39.2 21.8 14.2 8.7 (0.5) (0.8) (6.1) (9.3) (9.2) (14.8) (13.2) (14.4) (15.6) (15.2) (17.2) (13.8) (17.1) (16.8) (7.8) (9.1) (11.3) (13.2) (16.5) (13.8) (13.4) (16.5) (10.5) (14.4) (8.4) (5.9) (3.9) (3.7) (5.5) (4.2) (4.1) (4.7) (3.5) (3.2) (3.7) (3.0) (3.6) (5.7) (4.5) (2.5) (4.8) (3.2) (2.2) (3.2) (1.2) (1.2) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (3.8) (20.0) (10.9) (7.1) (24.9) (16.1) (11.2) (5.3) (29.7) (21.2) (19.1) (0.0)
Interest Expense 2.1 1.6 1.7 1.8 2.0 2.9 3.5 3.8 3.8 6.2 6.4 6.3 6.1 5.7 5.6 4.6 3.4 3.3 3.3 3.2 3.2 3.1 3.1 3.1 2.7 2.7 2.6 2.1 1.5 1.4 1.4 1.4 1.3 1.2 0.8 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.4 0.5 0.5 0.4 0.3 0.3 0.2 0.2 0.2 0.2 0.1 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
Interest Income 1.1 0.5 0.4 0.4 0.6 0.6 0.7 0.4 0.4 0.6 0.4 0.4 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.3 0.2 0.1 0.1 0.1 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 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 0.0 0.0 0 (0.0) (0.0) (0.0)
Profitability
EBITDA 52.1 65.3 51.2 44.0 37.4 39.5 42.2 41.7 24.3 (9.3) 11.1 2.0 1.4 (4.6) (7.5) (7.5) (20.0) (11.8) (13.0) (14.3) (14.0) (15.1) (12.8) (16.2) (15.7) (7.0) (8.0) (10.3) (10.7) (15.7) (12.9) (12.5) (15.7) (10.3) (13.6) (8.1) (5.8) (3.8) (3.6) (5.4) (4.0) (4.0) (4.5) (3.5) (3.1) (3.6) (3.0) (3.6) (5.6) (4.5) (2.5) (4.7) (3.1) (3.5) (2.7) (1.2) (1.2) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (3.8) (20.0) (10.9) (7.1) (24.9) (16.1) (11.2) (5.3) (29.7) (21.2) (19.1) (0.0)
EBIT 50.3 63.2 49.2 41.9 35.4 37.6 40.2 39.6 22.2 (11.4) 9.0 (0.1) (0.7) (6.5) (9.3) (9.2) (21.6) (13.3) (14.4) (15.7) (15.2) (16.3) (13.8) (17.1) (16.5) (7.8) (8.8) (11.1) (11.5) (16.6) (13.7) (13.4) (16.5) (11.7) (14.4) (8.4) (5.9) (3.9) (3.7) (5.5) (4.1) (4.1) (4.7) (4.2) (3.1) (3.7) (3.0) (3.6) (5.7) (4.5) (2.5) (4.7) (3.1) (3.5) (2.8) (1.2) (1.2) (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
Income Before Tax 57.1 61.6 47.5 40.1 33.5 34.7 36.7 35.9 18.4 (17.6) 2.6 (6.4) (6.8) (12.2) (14.9) (13.8) (25.0) (16.6) (17.7) (18.9) (18.4) (19.4) (16.9) (20.2) (19.2) (10.6) (11.4) (13.2) (13.1) (18.0) (15.1) (14.7) (17.8) (13.0) (15.2) (9.0) (6.5) (4.6) (4.3) (6.0) (4.6) (4.6) (5.1) (4.7) (3.6) (4.1) (3.4) (4.0) (5.9) (4.7) (2.7) (4.9) (3.2) (2.3) (3.2) (1.2) (1.2) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (3.8) (20.0) (10.9) (7.1) (24.9) (16.1) (11.2) (5.3) (29.7) (21.2) (19.1) (0.0)
Income Tax Expense 11.8 12.2 11.1 5.9 6.5 (77.2) 0.8 3.8 0.6 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 0 0 (0.6) 0 0 0 0 0 0 0 0 0 0 (0.6) 0 0 0 (0.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income 45.3 49.4 36.4 34.2 26.9 111.9 35.9 32.1 17.8 (17.6) 2.6 (6.4) (6.8) (12.2) (14.9) (13.8) (25.0) (16.6) (17.7) (18.9) (18.4) (19.4) (16.9) (20.2) (19.2) (10.6) (11.4) (13.2) (13.1) (18.0) (15.1) (14.7) (17.8) (13.0) (15.2) (9.0) (6.5) (4.6) (4.3) (6.0) (4.6) (4.6) (5.1) (4.7) (3.6) (3.6) (3.4) (4.0) (5.9) (4.7) (2.7) (4.9) (3.2) (2.3) (3.2) (1.2) (0.6) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (3.8) (20.0) (10.9) (7.1) (24.9) (16.1) (11.2) (5.3) (29.7) (21.2) (19.1) (0.0)
Per Share Data
EPS (Basic) 0.19 0.21 0.15 0.14 0.11 0.47 0.15 0.14 0.08 -0.08 0.01 -0.03 -0.06 -0.06 -0.10 -0.07 -0.18 -0.09 -0.13 -0.15 -0.16 -0.20 -0.19 -0.23 -0.26 -0.18 -0.19 -0.25 -0.28 -0.39 -0.33 -0.35 -0.39 -0.29 -0.59 -0.55 -0.51 -0.35 -0.34 -0.50 -0.43 -0.44 -0.48 -0.44 -0.37 -0.36 -0.36 -0.43 -0.64 -0.51 -0.46 -0.83 -0.55 -0.48 -0.55 -0.20 -0.18 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -1.53 -8.00 -4.38 -2.85 -9.96 -6.43 -4.48 -2.11 -11.87 -0.01 -0.01 -0.00
EPS (Diluted) 0.19 0.20 0.15 0.14 0.11 0.46 0.15 0.13 0.08 -0.08 0.01 -0.03 -0.06 -0.06 -0.10 -0.07 -0.18 -0.09 -0.13 -0.15 -0.16 -0.20 -0.19 -0.23 -0.26 -0.18 -0.19 -0.25 -0.28 -0.39 -0.33 -0.35 -0.39 -0.29 -0.59 -0.55 -0.51 -0.35 -0.34 -0.50 -0.43 -0.43 -0.48 -0.44 -0.37 -0.36 -0.36 -0.43 -0.64 -0.51 -0.46 -0.83 -0.55 -0.48 -0.55 -0.20 -0.18 -0.00 -0.02 -0.01 -0.01 -0.02 -0.01 -0.00 -0.00 -0.01 -0.01 -0.01 -0.00
Shares Outstanding 236.1 238.0 238.6 241.5 237.8 236.4 234.6 232.4 228.9 226.0 225.3 222.7 221.9 202.8 196.4 196.4 195.9 180.8 133.8 126.0 115.7 96.6 87.7 86.3 73.8 59.3 59.3 52.2 46.4 46.4 46.4 42.7 45.3 45.3 25.8 16.4 12.9 12.9 12.9 12.1 10.7 10.4 10.7 10.7 9.9 9.9 9.3 9.3 9.3 9.3 5.9 5.9 5.9 4.7 5.9 5.9 3.4 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2.5 2,500 2,500 250.0
Metric 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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4 2009 Q2 2009 Q1 2007 Q3
Current Assets
Cash & Cash Equivalents 138.2 87.6 61.4 90.3 71.6 103.1 86.7 88.2 45.3 51.4 74.2 62.5 69.2 86.5 34.9 52.4 69.5 51.1 34.4 42.4 62.0 55.9 59.7 75.8 101.2 26.8 48.0 73.6 16.5 22.8 42.4 55.2 26.1 43.1 13.6 25.6 8.5 9.9 7.9 12.5 8.9 0.0 2.9 6.8 8.7 10.1 7.8
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 0 0 0 0 0 0 0 0 0 0 0 0.2 5.4 11.0 11.3 2.7 0 0 0 0 0 0
Net Receivables 135.9 158.4 137.7 109.7 99.4 50.0 50.1 30.1 49.6 27.4 31.3 36.7 26.5 15.5 20.9 18.9 25.6 28.6 20.4 23.5 15.4 13.2 6.3 6.5 7.1 3.5 7.3 5.1 1.3 1.4 4.1 3.8 3.7 3.9 1.5 2.3 0.8 1.0 1.3 0.8 0.9 0 0 0 0 0 0
Inventory 222.1 206.5 196.7 191.5 172.2 170.2 171.8 179.8 177.7 172.9 163.1 161.8 164.0 163.3 162.9 146.1 139.1 124.7 114.1 99.7 94.1 81.5 69.8 56.0 52.3 53.1 40.3 23.6 18.4 18.6 13.9 12.2 12.4 12.6 13.4 13.2 5.3 5.0 4.6 4.2 4.0 0 0 0 0 0 0
Other Current Assets 15.1 14.0 6.9 8.1 8.6 8.0 9.5 5.5 3.7 5.3 5.1 5.2 4.4 5.1 0 0 0 0 0 0 0 0 0 0 0 0 1.7 1.6 2.0 1.8 2.1 2.4 1.5 1.5 0.8 0.8 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 511.2 466.5 402.7 399.6 351.8 331.4 318.2 303.7 276.4 257.0 273.7 266.2 264.1 270.4 224.1 222.8 239.8 208.7 174.8 171.4 177.3 153.7 139.5 143.0 165.5 85.8 97.3 103.9 38.3 44.5 62.5 73.6 46.4 63.2 31.4 44.3 15.7 21.7 25.4 29.5 17.4 0.0 2.9 6.8 8.7 10.1 7.8
Non-Current Assets
Property, Plant & Equipment 71.4 71.7 78.8 66.5 65.7 63.3 53.7 63.5 64.7 63.5 64.6 66.3 67.6 68.7 67.3 65.5 60.3 58.2 55.1 53.3 50.4 45.9 42.4 37.4 35.1 33.0 30.7 29.4 29.7 30.1 30.4 30.3 30.6 30.5 29.8 28.6 1.9 2.0 2.1 2.2 2.3 0 0 0 0 0 0
Goodwill 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 3.5 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.3 0.5 0.5 0.7 0.8 1.0 1.2 1.4 1.5 1.7 1.9 2.1 2.3 2.4 2.6 2.8 3.0 3.2 3.4 3.6 3.8 4.0 4.2 4.4 4.6 4.8 5.7 6.0 0 0 0 0 0 0 0 0 0 0 0
Long-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 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 Assets 8.5 8.6 8.8 9.1 8.2 5.7 14.7 5.2 5.9 4.7 6.7 6.3 4.7 4.8 4.5 3.8 2.8 4.1 3.3 2.5 2.2 2.1 1.9 4.8 3.5 1.6 2.8 2.8 2.8 6.7 5.7 5.8 5.9 6.0 2.3 2.2 0.0 0.0 0.0 0.0 0.0 0 0 0 0 0 0
Total Non-Current Assets 154.0 157.7 166.0 158.8 158.8 157.3 72.4 72.7 74.5 72.2 75.3 76.8 76.7 78.1 76.5 74.2 68.2 67.5 63.9 61.5 58.4 53.9 50.4 48.6 45.0 41.3 40.5 39.4 39.8 44.3 43.8 44.1 44.7 44.9 41.4 40.4 1.9 2.0 2.1 2.2 2.3 0 0 0 0 0 0
Total Assets 665.2 624.2 568.7 558.4 510.6 488.7 390.6 376.4 350.9 329.2 349.0 343.0 340.8 348.5 300.6 296.9 308.0 276.3 238.6 232.8 235.7 207.7 190.0 191.5 210.5 127.1 137.8 143.3 78.1 88.9 106.3 117.8 91.1 108.0 72.8 84.6 17.6 23.7 27.5 31.7 19.7 0.0 2.9 6.8 8.7 10.1 7.8
Current Liabilities
Account Payables 20.5 22.5 24.0 29.8 20.6 20.2 16.0 14.2 17.2 15.7 10.9 12.1 13.0 13.2 25.2 11.4 14.1 12.4 17.3 6.2 12.2 11.1 8.0 6.9 9.2 9.2 9.0 6.8 5.5 5.9 5.3 3.1 5.7 5.9 9.2 4.7 3.9 2.6 2.8 3.3 2.5 0 0 0 0 0 0
Short-Term Debt 4.5 3.9 3.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0.2 0.2 0.0 0.0 0.0 0 0 0 6.7 6.7 6.1 4.5 0 0 0 0 0 0 0 0
Deferred Revenue 1.4 1.4 0 0.1 0.1 0.1 0.1 1.1 1.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0 0 0 0 0 0
Other Current Liabilities 47.2 41.7 23.3 17.5 2.0 1.9 3.3 2.3 2.4 2.4 2.6 2.2 2.0 1.8 2.1 3.0 3.1 16.0 2.5 1.9 0 0.2 0 0 0 0 (0.5) (0.4) (0.4) (0.1) (0.1) (0.1) 0 0 0.2 0.0 (0.0) 0 (0.0) 0 0 0 6.7 5.8 11.5 6.9 0
Total Current Liabilities 73.5 69.5 56.5 74.9 53.5 55.5 44.9 44.2 53.1 49.8 41.8 42.0 36.7 39.3 44.4 28.1 31.6 30.4 32.3 18.2 21.2 19.9 16.5 12.9 13.9 14.0 15.2 10.1 8.3 9.6 9.9 6.9 9.4 9.4 13.3 15.6 13.0 11.2 9.2 5.1 4.3 0.0 6.7 5.8 11.5 6.9 8.5
Non-Current Liabilities
Long-Term Debt 199.9 76.0 70.1 73.4 72.5 72.3 101.3 131.1 130.8 130.6 142.0 140.3 144.3 142.8 141.4 139.8 138.4 94.9 94.4 93.9 93.4 93.0 97.0 96.6 96.1 83.2 82.7 82.4 55.8 44.1 43.8 43.5 43.2 43.0 31.2 26.0 12.6 14.1 15.6 19.9 15.8 0 6.7 5.8 11.5 6.9 8.5
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 0 0 0 12.6 (4.6) (8.0) (11.0) (19.2) (16.0) 0 0 0 0 0 0
Other Non-Current Liabilities 1.4 1.4 0.1 0.9 1.3 1.7 3.6 2.1 2.1 2.1 2.0 2.0 1.8 1.9 1.9 1.9 1.9 0.4 0.2 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 12.9 12.9 13.0 12.9 12.7 12.7 12.7 0.1 0.1 0.1 0.1 0.1 0 0 (5.5) 0 0 0
Total Non-Current Liabilities 201.3 77.4 81.0 85.1 83.7 84.1 113.8 144.0 144.1 144.2 155.7 154.3 158.4 157.2 155.7 154.5 149.5 104.7 103.5 103.0 102.0 99.5 102.1 101.8 100.3 86.9 86.5 86.2 59.7 59.5 59.2 59.1 58.7 58.2 46.5 41.3 15.4 16.9 18.4 22.7 18.8 0 6.7 5.8 11.5 6.9 8.5
Total Liabilities 274.9 146.9 137.5 160.1 137.2 139.7 158.7 188.1 197.2 194.0 197.6 196.3 195.1 196.5 200.2 182.5 181.1 135.1 135.9 121.2 123.2 119.4 118.6 114.7 114.2 100.9 101.7 96.4 68.1 69.1 69.1 66.0 68.1 67.7 59.8 57.0 28.4 28.1 27.6 27.8 23.1 0.0 2.9 6.8 8.7 10.1 7.8
Stockholders' Equity
Common Stock 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 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.2 0.2 0
Retained Earnings (116.3) (161.7) (211.0) (247.5) (281.7) (308.6) (420.5) (456.4) (488.4) (506.3) (488.6) (491.2) (484.8) (478.0) (465.8) (450.9) (437.1) (412.1) (395.5) (377.8) (358.8) (340.5) (321.1) (304.1) (284.0) (264.7) (254.2) (242.7) (229.5) (216.4) (198.4) (183.3) (168.5) (150.7) (137.7) (122.5) (113.5) (106.9) (102.4) (98.0) (92.0) (0.1) 0 0 0 0 0
Accumulated Other Comprehensive Income 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 (3.4) (2.9) (2.3) (1.8) (1.3) (0.8) (0.4) 0 (2.2) 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 390.3 477.3 431.2 398.3 373.4 349.0 231.9 188.3 153.7 135.2 151.4 146.8 145.7 152.0 100.4 114.4 126.9 141.2 102.8 111.6 112.5 88.2 71.4 76.9 96.3 26.2 36.1 46.9 10.0 19.8 37.2 51.8 23.0 40.3 13.0 27.7 (10.8) (4.5) (0.2) 3.9 (3.4) (0.0) (3.8) 1.0 (2.8) 3.2 (0.7)
Total Liabilities & Equity 665.2 624.2 568.7 558.4 510.6 488.7 390.6 376.4 350.9 329.2 349.0 343.0 340.8 348.5 300.6 296.9 308.0 276.3 238.6 232.8 235.7 207.7 190.0 191.5 210.5 127.1 137.8 143.3 78.1 88.9 106.3 117.8 91.1 108.0 72.8 84.6 17.6 23.7 27.5 31.7 19.7 0.0 2.9 6.8 8.7 10.1 7.8
Debt Metrics
Total Debt 204.4 79.9 83.1 83.8 82.0 82.1 111.4 141.4 141.4 141.4 153.0 151.5 155.7 154.4 152.7 151.3 146.4 102.9 101.8 101.3 100.2 97.7 100.2 99.7 98.2 84.7 84.3 84.0 57.4 44.2 43.9 43.7 43.2 43.0 31.2 32.6 19.3 20.3 20.1 19.9 15.9 12.4 6.7 5.8 11.5 6.9 8.5
Net Debt 66.3 (7.7) 21.7 (6.5) 10.4 (21.0) 24.7 53.2 96.1 90.1 78.8 89.0 86.5 67.9 117.8 98.8 76.9 51.8 67.4 58.9 38.2 41.7 40.5 23.9 (3.1) 58.0 36.3 10.4 40.9 21.5 1.6 (11.5) 17.1 (0.1) 17.6 7.1 10.8 10.3 12.2 7.3 6.9 12.3 3.8 (1.0) 2.8 (3.2) 0.7
Metric 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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 45.3 49.4 36.4 34.2 26.9 111.9 35.9 32.1 17.8 (17.6) 2.6 (6.4) (6.8) (12.2) (14.9) (13.8) (25.0) (16.6) (17.7) (18.9) (18.4) (19.4) (16.9) (20.2) (19.2) (10.6) (11.4) (13.2) (13.1) (18.0) (15.1) (14.7) (17.8) (13.0) (15.2) (9.0) (6.5) (4.6) (4.3) (6.0) (4.6)
Depreciation & Amortization 1.8 2.0 2.0 2.1 2.2 2.2 1.9 2.3 2.4 2.1 2.8 2.1 2.5 1.9 1.9 2.1 2.2 1.5 1.4 1.3 1.2 1.2 1.0 0.9 0.8 0.8 0.8 0.8 0.8 0.9 0.8 0.8 0.8 1.5 0.8 0.3 0.1 0.1 0.1 0.1 0.1
Stock-Based Compensation 0 5.4 5.0 5.0 4.6 5.4 3.2 2.9 2.1 1.7 1.7 1.6 1.1 1.1 1.3 1.2 1.6 1.2 0.7 0.8 0.8 0.7 0.8 0.7 0.7 0.6 0.7 0.7 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.3 0.2 0.3 0.3 0.3 0.4
Change in Working Capital 9.2 (22.5) (37.3) (23.0) (56.9) 9.8 (16.2) 10.3 (25.0) 3.6 3.9 (5.1) (12.3) (0.0) (3.5) (0.6) (13.1) (20.2) 1.7 (16.0) (17.3) (14.2) (9.2) (3.1) (7.3) (11.2) (14.0) (7.0) (1.3) (2.6) 0.9 (1.8) (0.2) (4.4) 4.0 (0.5) 0.6 0.4 (0.9) 0.7 (1.2)
Other Non-Cash Items (1.5) 0.2 2.3 1.3 3.5 (79.1) 0.2 (1.9) 0.4 27.8 1.0 1.6 0.7 1.8 1.9 (1.7) 8.3 0.6 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.6 0.3 0.1 0.2 0.3 0.2 0.2 0.2 0.2 0.1 0.1 0.2 0.2 0.2 0.1 0.1
Operating Cash Flow 58.2 35.6 13.3 21.1 (19.7) 50.2 25.0 45.6 (2.2) 17.6 12.0 (6.1) (14.7) (7.4) (13.3) (12.8) (26.0) (33.5) (13.4) (32.3) (33.2) (32.2) (23.9) (21.3) (24.6) (19.7) (23.6) (18.6) (14.3) (18.8) (12.5) (14.9) (16.4) (13.4) (9.7) (8.8) (5.4) (3.6) (4.7) (4.8) (5.2)
Investing Activities
Capital Expenditure (2.5) (1.1) (14.4) (2.4) (4.7) (2.8) (1.1) (2.1) (2.3) (1.2) (0.8) (0.9) (1.9) (3.7) (3.4) (3.9) (2.8) (3.7) (2.8) (4.5) (2.6) (3.6) (2.9) (4.2) (2.1) (1.6) (2.0) (0.1) (0.1) (0.8) (0.2) (0.5) (0.5) (2.0) (0.6) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0)
Acquisitions 5 1 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 12.5 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 0 0 0 (11.0) 0.2 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 (5.4) 0 0.2 5.1 0 0 (3.7) 3.7
Other Investing Activities 0 (0.2) 0 (0.1) (0.0) 0.0 0 (0.3) (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 5.4 0 12.5 5.1 16.7 0.2 (8.6) 3.7
Investing Cash Flow 2.4 (0.3) (14.4) (2.5) (4.7) (2.8) (1.1) (2.4) (2.4) (1.4) (0.8) (0.9) (1.9) (3.7) (3.4) (3.9) (2.8) (3.7) (2.8) (4.5) (2.6) (3.6) (2.9) (4.2) (2.1) (1.6) (2.0) (0.1) (0.1) (0.8) (0.2) (0.5) (0.5) (2.0) (0.6) 12.7 5.1 5.6 0.2 (8.6) 3.7
Financing Activities
Net Debt Issuance 124.5 0.5 (3.3) (0.4) 0 (30) (30) 0 0 (38.7) 0 (0.0) (0.0) (0.0) (0.0) (0.0) 51.7 (0.0) (0.0) (0.0) (0.0) 1.0 (0.0) (0.0) 12.5 (0.0) (0.0) 27.5 15.0 (0.0) (0.0) (0.0) (0.0) 14.4 (1.7) 13.3 (1.1) (0.0) (0.0) 4.0 (0.0)
Stock Repurchased (130.2) (8.9) (23.0) 0 (7.2) (0.6) 0 (0.7) (2.5) 0 (0.2) 0.5 (0.6) 0 (0.4) (0.3) (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) 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 0 0 0 0 0 0 0
Other Financing Activities (5.1) (1.2) (1.9) (1.6) 0.1 (0.4) (1.2) 0.3 1.0 (0.3) 0.6 (0.2) 0 (1.9) (0.4) 0 (4.4) 0 (0.0) 0 (0.1) (0.8) 0 0.0 0.0 0 0 (0.0) (10.8) 0.0 0.0 42.9 0 (3.3) 0.0 (0.2) 0 0 (0.0) (0.0) 0
Financing Cash Flow (10.1) (9.1) (27.8) 0.0 (7.1) (31.0) (25.5) (0.4) (1.4) (39.0) 0.4 0.2 (0.7) 62.7 (0.8) (0.3) 47.3 53.8 8.2 17.2 41.8 32.1 10.6 (0.0) 101.2 (0.0) (0.0) 75.8 4.2 (0.0) (0.0) 42.9 (0.0) 50.4 (1.7) 13.2 (1.1) (0.0) (0.2) 17.0 (0.0)
Cash Position
Net Change in Cash 50.5 26.2 (28.9) 18.7 (31.5) 16.4 (1.5) 42.9 (6.0) (22.8) 11.6 (6.7) (17.3) 51.6 (17.5) (17.1) 18.4 16.7 (8.0) (19.6) 6.0 (3.8) (16.1) (25.5) 74.5 (21.3) (25.6) 57.1 (10.2) (19.6) (12.8) 27.5 (17.0) 35.0 (12.0) 17.0 (1.4) 2.0 (4.6) 3.6 (1.5)
Cash at Beginning 87.6 61.4 90.3 71.6 103.1 86.7 88.2 45.3 51.4 74.2 62.5 69.2 86.5 34.9 52.4 69.5 51.1 34.4 42.4 62.0 55.9 59.7 75.8 101.2 26.8 48.0 73.6 16.5 26.8 46.4 59.2 31.6 48.6 13.6 25.6 8.5 9.9 7.9 12.5 8.9 10.4
Cash at End 138.2 87.6 61.4 90.3 71.6 103.1 86.7 88.2 45.3 51.4 74.2 62.5 69.2 86.5 34.9 52.4 69.5 51.1 34.4 42.4 62.0 55.9 59.7 75.8 101.2 26.8 48.0 73.6 16.5 26.8 46.4 59.2 31.6 48.6 13.6 25.6 8.5 9.9 7.9 12.5 8.9
Free Cash Flow 55.7 34.6 (1.1) 18.7 (24.4) 47.5 24.0 43.6 (4.6) 16.4 11.2 (6.9) (16.7) (11.1) (16.7) (16.8) (28.9) (37.1) (16.2) (36.7) (35.8) (35.8) (26.7) (25.5) (26.7) (21.2) (25.6) (18.8) (14.4) (19.6) (12.8) (15.4) (17.0) (15.4) (10.3) (8.9) (5.4) (3.6) (4.7) (4.8) (5.2)
Key Metrics 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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3
Income Statement
Revenue 114.5 139.2 134.2 122.0 114.8 117.5 119.8 107.2 81.9 73.9 67.3 60.1 56.9 50.0 41.1 33.9 29.1 26.4 20.7 17.8 16.0 14.0 10.3 7.8 10.2 12.0 7.2 6.6 3.5 4.1 4.2 4.7 4.0 12.0 4.7 3.4 2.6 3.3 2.9 2.3 2.1 2.5 1.9 1.3 1.5 1.5 1.4 1.5 1.6 0.4 1.1 0.7 0.8 0.5 0.4 0.2 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 80.8 88.8 75.6 67.2 61.1 63.3 59.7 57.5 39.1 31.1 24.7 16.7 16.5 14.2 9.7 7.8 3.7 3.5 0.4 (1.0) (1.7) (5.2) (1.6) (5.7) (6.6) 0.3 (0.7) (3.9) (5.9) (7.1) (4.9) (5.0) (8.2) 0.1 (6.6) (0.9) 1.0 1.3 1.2 0.9 0.9 1.0 0.7 0.5 0.6 0.5 0.5 0.6 0.6 0.1 0.4 0.3 0.3 0.1 0.2 0.1 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
Operating Income 50.3 62.8 51.0 42.8 34.9 38.3 39.6 39.2 21.8 14.2 8.7 (0.5) (0.8) (6.1) (9.3) (9.2) (14.8) (13.2) (14.4) (15.6) (15.2) (17.2) (13.8) (17.1) (16.8) (7.8) (9.1) (11.3) (13.2) (16.5) (13.8) (13.4) (16.5) (10.5) (14.4) (8.4) (5.9) (3.9) (3.7) (5.5) (4.2) (4.1) (4.7) (3.5) (3.2) (3.7) (3.0) (3.6) (5.7) (4.5) (2.5) (4.8) (3.2) (2.2) (3.2) (1.2) (1.2) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (3.8) (20.0) (10.9) (7.1) (24.9) (16.1) (11.2) (5.3) (29.7) (21.2) (19.1) (0.0)
Net Income 45.3 49.4 36.4 34.2 26.9 111.9 35.9 32.1 17.8 (17.6) 2.6 (6.4) (6.8) (12.2) (14.9) (13.8) (25.0) (16.6) (17.7) (18.9) (18.4) (19.4) (16.9) (20.2) (19.2) (10.6) (11.4) (13.2) (13.1) (18.0) (15.1) (14.7) (17.8) (13.0) (15.2) (9.0) (6.5) (4.6) (4.3) (6.0) (4.6) (4.6) (5.1) (4.7) (3.6) (3.6) (3.4) (4.0) (5.9) (4.7) (2.7) (4.9) (3.2) (2.3) (3.2) (1.2) (0.6) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (3.8) (20.0) (10.9) (7.1) (24.9) (16.1) (11.2) (5.3) (29.7) (21.2) (19.1) (0.0)
EPS (Diluted) 0.19 0.20 0.15 0.14 0.11 0.46 0.15 0.13 0.08 -0.08 0.01 -0.03 -0.06 -0.06 -0.10 -0.07 -0.18 -0.09 -0.13 -0.15 -0.16 -0.20 -0.19 -0.23 -0.26 -0.18 -0.19 -0.25 -0.28 -0.39 -0.33 -0.35 -0.39 -0.29 -0.59 -0.55 -0.51 -0.35 -0.34 -0.50 -0.43 -0.43 -0.48 -0.44 -0.37 -0.36 -0.36 -0.43 -0.64 -0.51 -0.46 -0.83 -0.55 -0.48 -0.55 -0.20 -0.18 -0.00 -0.02 -0.01 -0.01 -0.02 -0.01 -0.00 -0.00 -0.01 -0.01 -0.01 -0.00
Balance Sheet
Cash & Equivalents 138.2 87.6 61.4 90.3 71.6 103.1 86.7 88.2 45.3 51.4 74.2 62.5 69.2 86.5 34.9 52.4 69.5 51.1 34.4 42.4 62.0 55.9 59.7 75.8 101.2 26.8 48.0 73.6 16.5 22.8 42.4 55.2 26.1 43.1 13.6 25.6 8.5 9.9 7.9 12.5 8.9 0.0 2.9 6.8 8.7 10.1 7.8
Total Assets 665.2 624.2 568.7 558.4 510.6 488.7 390.6 376.4 350.9 329.2 349.0 343.0 340.8 348.5 300.6 296.9 308.0 276.3 238.6 232.8 235.7 207.7 190.0 191.5 210.5 127.1 137.8 143.3 78.1 88.9 106.3 117.8 91.1 108.0 72.8 84.6 17.6 23.7 27.5 31.7 19.7 0.0 2.9 6.8 8.7 10.1 7.8
Total Debt 204.4 79.9 83.1 83.8 82.0 82.1 111.4 141.4 141.4 141.4 153.0 151.5 155.7 154.4 152.7 151.3 146.4 102.9 101.8 101.3 100.2 97.7 100.2 99.7 98.2 84.7 84.3 84.0 57.4 44.2 43.9 43.7 43.2 43.0 31.2 32.6 19.3 20.3 20.1 19.9 15.9 12.4 6.7 5.8 11.5 6.9 8.5
Stockholders' Equity 390.3 477.3 431.2 398.3 373.4 349.0 231.9 188.3 153.7 135.2 151.4 146.8 145.7 152.0 100.4 114.4 126.9 141.2 102.8 111.6 112.5 88.2 71.4 76.9 96.3 26.2 36.1 46.9 10.0 19.8 37.2 51.8 23.0 40.3 13.0 27.7 (10.8) (4.5) (0.2) 3.9 (3.4) (0.0) (3.8) 1.0 (2.8) 3.2 (0.7)
Cash Flow
Operating Cash Flow 58.2 35.6 13.3 21.1 (19.7) 50.2 25.0 45.6 (2.2) 17.6 12.0 (6.1) (14.7) (7.4) (13.3) (12.8) (26.0) (33.5) (13.4) (32.3) (33.2) (32.2) (23.9) (21.3) (24.6) (19.7) (23.6) (18.6) (14.3) (18.8) (12.5) (14.9) (16.4) (13.4) (9.7) (8.8) (5.4) (3.6) (4.7) (4.8) (5.2)
Capital Expenditure (2.5) (1.1) (14.4) (2.4) (4.7) (2.8) (1.1) (2.1) (2.3) (1.2) (0.8) (0.9) (1.9) (3.7) (3.4) (3.9) (2.8) (3.7) (2.8) (4.5) (2.6) (3.6) (2.9) (4.2) (2.1) (1.6) (2.0) (0.1) (0.1) (0.8) (0.2) (0.5) (0.5) (2.0) (0.6) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0)
Free Cash Flow 55.7 34.6 (1.1) 18.7 (24.4) 47.5 24.0 43.6 (4.6) 16.4 11.2 (6.9) (16.7) (11.1) (16.7) (16.8) (28.9) (37.1) (16.2) (36.7) (35.8) (35.8) (26.7) (25.5) (26.7) (21.2) (25.6) (18.8) (14.4) (19.6) (12.8) (15.4) (17.0) (15.4) (10.3) (8.9) (5.4) (3.6) (4.7) (4.8) (5.2)