ADPT - Adaptive Biotechnologies Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$31.58
DETAILS
HIGH:
$35.00
LOW:
$27.00
MEDIAN:
$33.00
CONSENSUS:
$31.58
UPSIDE:
31.47%
| 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 | 71.6 | 70.9 | 71.7 | 94.0 | 58.9 | 52.4 | 47.5 | 46.4 | 43.2 | 41.9 | 45.8 | 37.9 | 48.9 | 37.6 | 55.2 | 47.8 | 43.7 | 38.6 | 37.9 | 39.5 | 38.5 | 38.4 | 30.2 | 26.3 | 21.0 | 20.9 | 24.2 | 26.1 | 22.1 | 12.7 | 17.2 | 17.2 | 11.6 | 9.7 |
| Cost of Revenue | 20.6 | 18.7 | 18.2 | 18.2 | 18.0 | 17.0 | 18.0 | 16.7 | 19.3 | 18.1 | 19.6 | 19.3 | 17.9 | 18.7 | 16.6 | 14.9 | 13.2 | 13.2 | 14.4 | 14.2 | 10.8 | 10.0 | 6.2 | 6.1 | 4.9 | 5.3 | 6.0 | 5.6 | 5.7 | 5.0 | 5.3 | 5.4 | 5.0 | 4.0 |
| Gross Profit | 51.0 | 52.2 | 53.5 | 75.8 | 40.9 | 35.5 | 29.4 | 29.8 | 23.9 | 23.8 | 26.2 | 18.6 | 31.0 | 19.0 | 38.6 | 32.9 | 30.4 | 25.4 | 23.6 | 25.3 | 27.7 | 28.5 | 24.0 | 20.2 | 16.1 | 15.6 | 18.3 | 20.5 | 16.4 | 7.7 | 11.9 | 11.8 | 6.5 | 5.7 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| R&D Expenses | 19.2 | 23.6 | 21.8 | 23.7 | 24.1 | 24.2 | 23.2 | 24.2 | 25.4 | 30.2 | 28.7 | 28.5 | 32.2 | 32.6 | 31.2 | 35.7 | 37.0 | 37.8 | 34.7 | 36.1 | 37.8 | 33.8 | 35.8 | 30.3 | 26.0 | 23.9 | 21.2 | 20.5 | 16.5 | 12.5 | 11.1 | 9.8 | 9.5 | 8.9 |
| SG&A Expenses | 47.6 | 47.3 | 44.0 | 41.4 | 41.4 | 40.4 | 39.6 | 37.8 | 38.2 | 41.9 | 42.6 | 40.6 | 46.2 | 43.1 | 46.1 | 42.3 | 45.5 | 50.2 | 50.0 | 45.1 | 39.3 | 35.5 | 31.9 | 26.6 | 26.6 | 25.8 | 20.8 | 17.6 | 15.6 | 14.8 | 14.6 | 10.8 | 10.0 | 9.6 |
| Other Expenses | 0 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 7.6 | 0.4 | 25.9 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 |
| Operating Expenses | 66.7 | 71.4 | 66.2 | 65.5 | 65.9 | 65.1 | 63.3 | 62.4 | 71.2 | 72.6 | 97.2 | 69.5 | 78.8 | 76.2 | 77.8 | 78.4 | 82.9 | 88.5 | 85.2 | 81.6 | 77.5 | 69.7 | 68.2 | 57.3 | 53.0 | 50.2 | 42.4 | 38.5 | 32.5 | 27.7 | 26.1 | 21.0 | 19.8 | 18.9 |
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (15.8) | (19.2) | (12.8) | 10.3 | (25.0) | (29.6) | (33.8) | (32.6) | (47.3) | (48.8) | (71.1) | (51.0) | (47.8) | (57.2) | (39.2) | (45.4) | (52.5) | (63.1) | (61.6) | (56.3) | (49.8) | (41.3) | (44.2) | (37.0) | (36.9) | (34.6) | (24.2) | (18.1) | (16.1) | (20.0) | (14.1) | (9.2) | (13.3) | (13.1) |
| Interest Expense | 2.7 | 2.9 | 3.0 | 3.0 | 2.9 | 2.9 | 3.0 | 2.9 | 2.7 | 3.0 | 3.0 | 3.7 | 3.6 | 3.5 | 3.6 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 2.3 | 2.1 | 2.1 | 2.2 | 2.4 | 2.7 | 3.1 | 3.5 | 3.8 | 4.2 | 4.6 | 4.3 | 3.6 | 3.0 | 2.6 | 0.8 | 0.4 | 0.3 | 0.2 | 0.3 | 0.5 | 0.6 | 0.8 | 1.0 | 1.9 | 2.9 | 3.6 | 4.1 | 0.4 | 1.7 | 0.9 | 0.9 | 0.8 | 0.7 |
| Profitability | ||||||||||||||||||||||||||||||||||
| EBITDA | (12.1) | (14.4) | (6.4) | 16.9 | (18.1) | (28.0) | (26.3) | (24.6) | (38.5) | (39.3) | (61.1) | (40.9) | (36.7) | (48.7) | (31.3) | (39.3) | (46.9) | (57.7) | (56.5) | (52.5) | (46.4) | (38.6) | (40.8) | (34.9) | (34.9) | (32.6) | (22.1) | (16.0) | (14.2) | (18.3) | (12.6) | (7.7) | (11.8) | (11.7) |
| EBIT | (15.8) | (18.2) | (10.6) | 12.5 | (22.6) | (32.8) | (30.8) | (29.2) | (43.6) | (44.5) | (66.5) | (46.7) | (44.2) | (54.2) | (36.6) | (44.7) | (52.1) | (62.8) | (61.4) | (56.0) | (49.3) | (41.3) | (44.2) | (37.0) | (36.9) | (34.6) | (24.2) | (18.1) | (16.1) | (20.0) | (14.1) | (9.2) | (13.3) | (13.1) |
| Income Before Tax | (39.9) | (20.0) | (13.6) | 9.5 | (25.6) | (29.9) | (33.7) | (32.1) | (46.2) | (47.5) | (69.5) | (50.3) | (47.8) | (57.7) | (40.2) | (45.3) | (52.1) | (62.8) | (61.4) | (56.0) | (49.3) | (40.6) | (43.5) | (36.0) | (35.0) | (31.7) | (20.6) | (13.9) | (15.7) | (18.4) | (13.3) | (8.3) | (12.5) | (12.4) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.1 | 0.7 | (1.5) | (0.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (39.8) | (20.0) | (13.6) | 9.5 | (25.6) | (29.9) | (33.7) | (32.1) | (46.2) | (47.5) | (69.4) | (50.3) | (47.8) | (57.7) | (40.1) | (45.3) | (52.0) | (62.8) | (61.3) | (55.9) | (49.3) | (40.6) | (44.6) | (36.7) | (33.5) | (31.4) | (20.6) | (13.9) | (15.7) | (18.4) | (13.3) | (8.3) | (12.5) | (12.4) |
| Per Share Data | ||||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.25 | -0.13 | -0.09 | 0.06 | -0.17 | -0.20 | -0.23 | -0.22 | -0.31 | -0.33 | -0.48 | -0.35 | -0.33 | -0.40 | -0.17 | -0.32 | -0.37 | -0.44 | -0.44 | -0.40 | -0.35 | -0.29 | -0.33 | -0.27 | -0.26 | -0.25 | -0.17 | -0.11 | -0.13 | -0.15 | -0.13 | -0.08 | -0.12 | -0.12 |
| EPS (Diluted) | -0.25 | -0.13 | -0.09 | 0.06 | -0.17 | -0.20 | -0.23 | -0.22 | -0.31 | -0.33 | -0.48 | -0.35 | -0.33 | -0.40 | -0.17 | -0.32 | -0.36 | -0.44 | -0.43 | -0.40 | -0.35 | -0.29 | -0.33 | -0.27 | -0.26 | -0.25 | -0.17 | -0.11 | -0.13 | -0.15 | -0.13 | -0.08 | -0.12 | -0.12 |
| Shares Outstanding | 157.7 | 155.5 | 153.1 | 152.4 | 152.1 | 149.2 | 147.1 | 147.5 | 147.4 | 145.8 | 144.9 | 144.7 | 144.4 | 143.5 | 143.1 | 142.9 | 140.7 | 141.7 | 140.2 | 140.8 | 140.4 | 139.0 | 137.0 | 134.4 | 127.4 | 126.1 | 124.4 | 124.3 | 122.6 | 121.0 | 105.9 | 105.9 | 105.9 | 105.9 |
| 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 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 169.9 | 77.6 | 70.5 | 55.0 | 43.2 | 50.6 | 47.9 | 38.1 | 59.8 | 71.2 | 65.1 | 88.7 | 109.2 | 94.6 | 90.0 | 217.6 | 76.4 | 114.8 | 139.1 | 122.4 | 184.2 | 173.6 | 123.4 | 497.1 | 365.4 | 212.7 | 96.6 | 74.9 | 48.5 | 111.3 | 55.0 | (192.2) |
| Short-Term Investments | 174.4 | 140.8 | 156.5 | 157.7 | 154.7 | 142.8 | 174.4 | 205.2 | 232.1 | 237.6 | 281.3 | 282.4 | 308.0 | 346.1 | 408.2 | 290.5 | 307.3 | 248.8 | 214.0 | 292.6 | 414.2 | 540.6 | 564.8 | 338.0 | 204.9 | 342.5 | 480.3 | 498.5 | 374.5 | 329.1 | 110.0 | 384.3 |
| Net Receivables | 49.5 | 48.3 | 50.4 | 46.3 | 44.3 | 43.6 | 41.7 | 40.8 | 35.6 | 42.0 | 38.0 | 31.2 | 31.5 | 31.0 | 40.1 | 26.5 | 23.7 | 22.5 | 17.4 | 17.1 | 14.2 | 19.8 | 10.0 | 11.9 | 7.9 | 9.4 | 12.7 | 9.3 | 7.3 | 4.1 | 4.8 | 0 |
| Inventory | 10.5 | 11.2 | 9.8 | 9.9 | 8.4 | 8.7 | 8.4 | 12.0 | 13.2 | 13.3 | 14.4 | 19.5 | 19.0 | 19.9 | 14.5 | 17.3 | 18.8 | 21.0 | 19.3 | 18.2 | 18.6 | 17.4 | 14.1 | 10.7 | 10.5 | 10.5 | 9.1 | 8.7 | 8.0 | 7.9 | 7.8 | 0 |
| Other Current Assets | 16.3 | 14.0 | 13.0 | 12.4 | 11.3 | 10.8 | 11.3 | 12.2 | 10.8 | 1.1 | 11.4 | 13.4 | 9.1 | 0 | 9.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.0 | 4.0 | 0 | 0 | 0 |
| Total Current Assets | 420.6 | 291.8 | 300.2 | 281.4 | 261.9 | 256.5 | 283.8 | 308.3 | 351.6 | 374.0 | 410.2 | 435.2 | 476.8 | 501.3 | 562.1 | 564.4 | 438.6 | 419.1 | 402.7 | 467.0 | 643.7 | 765.0 | 726.9 | 877.4 | 599.5 | 584.6 | 612.7 | 601.4 | 442.3 | 459.1 | 180.7 | 192.2 |
| Non-Current Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 68.6 | 71.0 | 74.7 | 79.5 | 84.4 | 88.4 | 94.4 | 97.8 | 103.9 | 116.3 | 120.3 | 152.0 | 156.5 | 160.3 | 164.2 | 169.3 | 171.2 | 171.6 | 172.9 | 177.3 | 167.3 | 144.8 | 139.0 | 68.9 | 64.5 | 56.0 | 60.4 | 46.5 | 22.3 | 21.2 | 19.1 | 0 |
| Goodwill | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 119.0 | 0 |
| Intangible Assets | 0.9 | 1.3 | 1.7 | 2.2 | 2.6 | 3.0 | 3.4 | 3.9 | 4.3 | 4.7 | 5.1 | 5.6 | 6.0 | 6.4 | 6.8 | 7.3 | 7.7 | 8.1 | 8.5 | 9.0 | 9.4 | 9.8 | 10.2 | 10.7 | 11.1 | 11.5 | 11.9 | 12.4 | 12.8 | 13.2 | 13.6 | 0 |
| Long-Term Investments | 30.2 | 0 | 15.9 | 6.7 | 24.1 | 39.4 | 33.7 | 23.9 | 0 | 3.0 | 0 | 0 | 0 | 0 | 0 | 19.7 | 66.9 | 137.1 | 217.1 | 217.4 | 91.1 | 30.7 | 118.5 | 16.5 | 57.4 | 100.6 | 105.4 | 135.3 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1.5 | 22.8 | 1.2 | 1.8 | 4.7 | 4.6 | 5.2 | 5.6 | 6.1 | 6.4 | 6.5 | 5.9 | 6.3 | 4.5 | 4.5 | 4.6 | 3.2 | 3.3 | 3.0 | 3.0 | 2.9 | 2.9 | 2.7 | 3.1 | 3.4 | 3.1 | 2.9 | 2.9 | 5.0 | 2.1 | 0.2 | (192.2) |
| Total Non-Current Assets | 220.1 | 214.1 | 212.6 | 209.2 | 234.8 | 254.4 | 255.6 | 250.2 | 233.3 | 246.3 | 250.9 | 282.4 | 287.7 | 290.1 | 294.5 | 319.8 | 368.1 | 439.1 | 520.6 | 525.6 | 389.6 | 307.1 | 389.5 | 218.1 | 255.3 | 290.2 | 299.6 | 316.0 | 159.1 | 155.4 | 152.0 | (192.2) |
| Total Assets | 640.7 | 505.9 | 512.7 | 490.6 | 496.6 | 510.9 | 539.4 | 558.5 | 584.9 | 620.3 | 661.1 | 717.7 | 764.5 | 791.5 | 856.6 | 884.2 | 806.6 | 858.2 | 923.3 | 992.6 | 1,033.4 | 1,072.1 | 1,116.4 | 1,095.5 | 854.8 | 874.9 | 912.3 | 917.4 | 601.4 | 614.6 | 332.7 | 0 |
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Account Payables | 5.2 | 9.6 | 6.5 | 10.3 | 6.9 | 6.4 | 7.3 | 7.4 | 9.9 | 12.2 | 7.7 | 4.5 | 9.2 | 6.3 | 8.1 | 4.2 | 2.7 | 6.0 | 3.3 | 8.3 | 6.1 | 5.2 | 3.2 | 5.4 | 3.7 | 3.9 | 4.5 | 2.4 | 2.9 | 3.3 | 1.8 | 0 |
| Short-Term Debt | 8.8 | 14.3 | 13.6 | 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 |
| Deferred Revenue | 53.3 | 49.4 | 45.2 | 41.3 | 55.3 | 54.8 | 55.7 | 51.9 | 52.2 | 46.9 | 48.6 | 55.3 | 57.9 | 60.3 | 64.1 | 67.9 | 80.9 | 83.5 | 80.5 | 80.0 | 83.6 | 78.3 | 73.3 | 78.2 | 75.7 | 64.6 | 61.0 | 61.3 | 61.2 | 52.0 | 12.7 | 0 |
| Other Current Liabilities | 10.7 | 7.5 | 7.7 | 15.1 | 12.8 | 8.4 | 16.7 | 12.3 | 9.5 | 7.9 | 13.7 | 13.8 | 10.6 | 6.1 | 15.9 | 12.7 | 9.8 | 6.7 | 15.6 | 12.0 | 8.6 | 5.4 | 11.9 | 7.9 | 6.0 | 4.2 | 8.5 | 3.7 | 6.3 | 4.7 | 14.1 | 0 |
| Total Current Liabilities | 87.7 | 87.0 | 89.9 | 83.4 | 92.1 | 87.8 | 98.1 | 87.6 | 88.1 | 83.0 | 88.0 | 93.3 | 95.3 | 90.1 | 109.8 | 104.0 | 111.5 | 115.1 | 113.8 | 122.4 | 116.6 | 106.8 | 105.2 | 100.8 | 93.4 | 78.0 | 78.3 | 73.4 | 74.9 | 63.3 | 22.8 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | 334.9 | 124.7 | 196.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0.0 | 0.0 | (70.2) | 129.4 | 130.5 | 131.6 | 132.4 | 132.7 | 132.1 | 131.5 | 130.7 | 126.7 | 128.2 | 127.0 | 125.4 | 124.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.4 | 1.5 | 0 | 7.0 | 6.3 | 570.0 | 5.8 | 567.3 | 0 |
| Total Non-Current Liabilities | 402.3 | 194.7 | 197.8 | 203.0 | 225.0 | 232.8 | 238.8 | 247.3 | 255.3 | 262.6 | 264.8 | 262.7 | 273.2 | 277.4 | 282.7 | 292.4 | 176.8 | 189.9 | 205.4 | 218.7 | 223.4 | 239.6 | 268.0 | 219.6 | 231.5 | 245.4 | 262.9 | 258.1 | 810.9 | 263.2 | 568 | 0 |
| Total Liabilities | 490.0 | 281.7 | 287.7 | 286.4 | 317.1 | 320.6 | 336.9 | 334.9 | 343.4 | 345.6 | 352.9 | 356.0 | 368.6 | 367.5 | 392.5 | 396.4 | 288.3 | 304.9 | 319.2 | 341.1 | 340.1 | 346.4 | 373.1 | 320.4 | 324.9 | 323.3 | 341.3 | 331.5 | 885.8 | 326.5 | 590.8 | 0 |
| 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 |
| Retained Earnings | (1,423.1) | (1,383.4) | (1,363.3) | (1,349.7) | (1,359.3) | (1,333.7) | (1,303.8) | (1,270.1) | (1,238.1) | (1,191.8) | (1,144.3) | (1,074.9) | (1,024.6) | (976.8) | (919.1) | (879.0) | (833.7) | (781.6) | (718.9) | (657.5) | (601.6) | (552.3) | (511.6) | (467.0) | (430.3) | (396.8) | (365.5) | (344.9) | (330.9) | (314.5) | (295.9) | 0 |
| Accumulated Other Comprehensive Income | (0.2) | (0.0) | 0.3 | 0.2 | 0.1 | 0.1 | 0.2 | 0 | (0.2) | (0.1) | 0.2 | (0.2) | (0.9) | (1.9) | (4.1) | (6.0) | (5.8) | (4.8) | (1.1) | 0.0 | 0.2 | 0.6 | 0.9 | 1.4 | 2.2 | 3.3 | 0.7 | 0.6 | 0.4 | 0.1 | (0.1) | (224.6) |
| Total Stockholders' Equity | 142.9 | 216.3 | 218.8 | 204.4 | 179.7 | 190.4 | 202.7 | 223.8 | 241.6 | 274.9 | 308.4 | 361.7 | 396.0 | 424.0 | 464.2 | 487.8 | 518.3 | 553.2 | 604.0 | 651.5 | 693.2 | 725.6 | 743.3 | 775.0 | 529.9 | 551.6 | 571.0 | 585.9 | (284.4) | 288.1 | (258.1) | 337.1 |
| Total Liabilities & Equity | 640.7 | 505.9 | 512.7 | 490.6 | 496.6 | 510.9 | 539.4 | 558.5 | 584.9 | 620.3 | 661.1 | 717.7 | 764.5 | 791.5 | 856.6 | 884.2 | 806.6 | 858.2 | 923.3 | 992.6 | 1,033.4 | 1,072.1 | 1,116.4 | 1,095.5 | 854.8 | 874.9 | 912.3 | 917.4 | 601.4 | 614.6 | 332.7 | 337.1 |
| Debt Metrics | ||||||||||||||||||||||||||||||||
| Total Debt | 410.5 | 208.2 | 280.6 | 81.8 | 84.4 | 86.9 | 89.4 | 91.8 | 94.2 | 96.5 | 98.8 | 101.3 | 103.5 | 105.8 | 108.0 | 109.0 | 111.3 | 113.5 | 111.7 | 113.2 | 108.6 | 99.6 | 107.9 | 46.3 | 45.7 | 38.0 | 36.6 | 23.4 | 0 | 0 | 0 | 0 |
| Net Debt | 240.6 | 130.6 | 210.1 | 26.8 | 41.2 | 36.3 | 41.5 | 53.7 | 34.4 | 25.3 | 33.7 | 12.6 | (5.7) | 11.2 | 18.0 | (108.5) | 34.9 | (1.3) | (27.3) | (9.2) | (75.6) | (74.1) | (15.6) | (450.7) | (319.7) | (174.6) | (60.0) | (51.5) | (48.5) | (111.3) | (55.0) | 192.2 |
| 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 | (39.9) | (20.0) | (13.6) | 9.5 | (25.6) | (29.9) | (33.7) | (32.1) | (46.2) | (47.5) | (69.4) | (50.3) | (47.8) | (57.7) | (40.1) | (45.3) | (52.0) | (62.7) | (61.4) | (56.0) | (49.3) | (40.6) | (44.6) | (36.7) | (33.5) | (31.4) | (20.6) | (13.9) | (15.7) | (18.4) | (13.3) | (8.3) | (12.5) | (12.4) |
| Depreciation & Amortization | 3.7 | 3.8 | 4.2 | 4.4 | 4.5 | 4.7 | 4.4 | 4.6 | 5.0 | 5.2 | 5.4 | 5.8 | 7.5 | 5.4 | 5.3 | 5.4 | 5.2 | 5.1 | 4.8 | 3.5 | 2.9 | 2.7 | 3.4 | 2.1 | 2.0 | 2.0 | 2.1 | 2.1 | 1.9 | 1.8 | 1.6 | 1.5 | 1.5 | 1.5 |
| Stock-Based Compensation | 11.1 | 11.9 | 12.7 | 0 | 13.4 | 0 | 12.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.6 | 0 | 8.5 | 0 | 6.5 | 0 | 0 | 3.4 | 3.3 | 3.3 | 3.0 | 3.0 | 2.6 | 2.4 | 3.1 |
| Change in Working Capital | 1.0 | (6.3) | (2.5) | (33.9) | (5.3) | (16.1) | 3.1 | (13.0) | 2.8 | (10.3) | (3.5) | (18.6) | 0.4 | (24.5) | (10.5) | (19.4) | (19.5) | (22.2) | (12.2) | (6.2) | (5.9) | (32.6) | (8.3) | (20.8) | (5.0) | (6.7) | (11.2) | (19.9) | (6.4) | 292.5 | 3.6 | (7.0) | (0.2) | 1.9 |
| Other Non-Cash Items | 17.7 | 1.0 | 1.2 | 12.8 | 0.6 | 12.8 | 0.9 | 13.4 | 21.1 | 14.2 | 40.6 | 16.5 | 16.3 | 17.6 | 15.3 | 16.9 | 19.3 | 15.4 | 14.9 | 3.5 | 15.1 | 3.8 | 9.6 | 1.1 | 5.4 | 4.5 | (0.5) | (0.0) | 0.9 | (0.6) | 0.0 | 0.0 | 0.0 | 0.0 |
| Operating Cash Flow | (6.4) | (9.5) | 2.1 | (7.1) | (12.4) | (28.5) | (12.5) | (27.1) | (17.3) | (38.4) | (26.9) | (46.7) | (23.6) | (59.2) | (30.0) | (42.4) | (47.1) | (64.5) | (53.8) | (43.4) | (37.2) | (58.2) | (39.8) | (47.2) | (31.1) | (31.6) | (26.8) | (30.1) | (16.0) | 278.3 | (5.4) | (11.7) | (9.1) | (6.1) |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditure | (1.2) | (0.8) | (0.6) | (0.4) | (0.7) | (1.3) | (0.1) | (0.3) | (1.7) | (1.5) | (1.3) | (2.8) | (3.7) | (2.9) | (2.5) | (5.4) | (5.3) | (3.1) | (9.2) | (14.6) | (22.0) | (15.8) | (9.4) | (4.2) | (2.3) | (3.0) | (2.4) | (3.4) | (1.5) | (3.8) | (2.5) | (2.2) | (1.0) | (0.6) |
| 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 | (82.7) | (38.9) | (46.7) | (33.2) | (51.1) | (50.7) | (44.8) | (63.3) | (82.7) | (53.5) | (122.0) | (119.1) | (99.4) | (89.1) | (165.0) | (28.6) | (25.0) | (60.2) | (78.5) | (141.6) | (81.0) | (15.3) | (395.2) | (192.0) | 0 | (107.7) | (112.1) | (413.4) | (87.8) | (270.9) | (9.4) | (26.2) | (29.6) | (81.3) |
| Sales/Maturities of Investments | 40.4 | 48.8 | 39.1 | 50.9 | 55.1 | 77.5 | 67.0 | 68.9 | 90.3 | 99.5 | 126.5 | 148 | 140.4 | 155 | 70.0 | 92 | 35 | 101 | 155 | 135 | 144.5 | 125 | 64.5 | 99 | 179.8 | 253.5 | 161.2 | 156 | 44.0 | 52.5 | 39.5 | 33.5 | 35.3 | 45.2 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (257.4) | (43.8) | (218.3) | 30.1 | 7.3 | 0.0 | (36.1) |
| Investing Cash Flow | (43.5) | 9.1 | (8.3) | 17.3 | 3.3 | 25.6 | 22.1 | 5.3 | 5.9 | 44.5 | 3.2 | 26.1 | 37.3 | 63.0 | (97.5) | 58.0 | 4.7 | 37.7 | 67.2 | (21.3) | 41.4 | 93.8 | (340.0) | (97.2) | 177.5 | 142.8 | 46.7 | (260.9) | (45.3) | (222.2) | 27.6 | 5.1 | 4.7 | (36.7) |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 160.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.3) | 124.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (25) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 1.4 | 0 | 12.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.4 | 0 | 14.2 | 0 | 3.9 | 0 | 0 | (0.0) | 319.6 | (1.5) | 0.1 | 0.3 | 0.1 | 0.4 | 0.5 |
| Financing Cash Flow | 142.2 | 7.5 | 21.7 | 1.7 | 1.6 | 5.5 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 1.5 | 0.7 | 0.0 | 125.5 | 4.0 | 2.7 | 3.3 | 2.9 | 6.3 | 14.6 | 6.3 | 276.0 | 6.3 | 5.0 | 1.7 | 319.6 | (1.5) | 0.1 | 0.3 | 0.1 | 0.4 | 0.5 |
| Cash Position | ||||||||||||||||||||||||||||||||||
| Net Change in Cash | 92.3 | 7.1 | 15.5 | 11.9 | (7.5) | 2.7 | 9.8 | (21.7) | (11.4) | 6.2 | (23.6) | (20.5) | 14.6 | 4.5 | (127.5) | 141.1 | (38.4) | (24.3) | 16.7 | (61.8) | 10.6 | 50.2 | (373.6) | 131.6 | 152.8 | 116.1 | 21.6 | 28.6 | (62.8) | 56.3 | 22.5 | (6.5) | (4.0) | (42.3) |
| Cash at Beginning | 80.3 | 73.2 | 57.7 | 43.2 | 53.4 | 47.9 | 41.1 | 59.8 | 71.2 | 65.1 | 88.7 | 109.2 | 94.6 | 92.4 | 217.6 | 76.4 | 114.8 | 139.1 | 122.4 | 186.3 | 173.6 | 125.6 | 497.1 | 367.6 | 212.7 | 96.6 | 74.9 | 48.5 | 111.3 | 55.1 | 32.6 | 39.1 | 43.0 | 85.4 |
| Cash at End | 172.6 | 80.3 | 73.2 | 55.0 | 45.9 | 50.6 | 50.8 | 38.1 | 59.8 | 71.2 | 65.1 | 88.7 | 109.2 | 96.9 | 90.0 | 217.6 | 76.4 | 114.8 | 139.1 | 124.5 | 184.2 | 175.8 | 123.4 | 499.2 | 365.4 | 212.7 | 96.6 | 77.1 | 48.5 | 111.3 | 55.1 | 32.6 | 39.1 | 43.0 |
| Free Cash Flow | (7.6) | (10.3) | 1.4 | (7.5) | (13.1) | (29.7) | (12.6) | (27.4) | (19.0) | (39.9) | (28.2) | (49.5) | (27.3) | (62.1) | (32.6) | (47.8) | (52.4) | (67.5) | (63.1) | (58.1) | (59.3) | (74.1) | (49.2) | (51.4) | (33.3) | (34.6) | (29.2) | (33.6) | (17.5) | 274.5 | (7.9) | (13.9) | (10.1) | (6.7) |
| 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 | 71.6 | 70.9 | 71.7 | 94.0 | 58.9 | 52.4 | 47.5 | 46.4 | 43.2 | 41.9 | 45.8 | 37.9 | 48.9 | 37.6 | 55.2 | 47.8 | 43.7 | 38.6 | 37.9 | 39.5 | 38.5 | 38.4 | 30.2 | 26.3 | 21.0 | 20.9 | 24.2 | 26.1 | 22.1 | 12.7 | 17.2 | 17.2 | 11.6 | 9.7 |
| Gross Profit | 51.0 | 52.2 | 53.5 | 75.8 | 40.9 | 35.5 | 29.4 | 29.8 | 23.9 | 23.8 | 26.2 | 18.6 | 31.0 | 19.0 | 38.6 | 32.9 | 30.4 | 25.4 | 23.6 | 25.3 | 27.7 | 28.5 | 24.0 | 20.2 | 16.1 | 15.6 | 18.3 | 20.5 | 16.4 | 7.7 | 11.9 | 11.8 | 6.5 | 5.7 |
| Operating Income | (15.8) | (19.2) | (12.8) | 10.3 | (25.0) | (29.6) | (33.8) | (32.6) | (47.3) | (48.8) | (71.1) | (51.0) | (47.8) | (57.2) | (39.2) | (45.4) | (52.5) | (63.1) | (61.6) | (56.3) | (49.8) | (41.3) | (44.2) | (37.0) | (36.9) | (34.6) | (24.2) | (18.1) | (16.1) | (20.0) | (14.1) | (9.2) | (13.3) | (13.1) |
| Net Income | (39.8) | (20.0) | (13.6) | 9.5 | (25.6) | (29.9) | (33.7) | (32.1) | (46.2) | (47.5) | (69.4) | (50.3) | (47.8) | (57.7) | (40.1) | (45.3) | (52.0) | (62.8) | (61.3) | (55.9) | (49.3) | (40.6) | (44.6) | (36.7) | (33.5) | (31.4) | (20.6) | (13.9) | (15.7) | (18.4) | (13.3) | (8.3) | (12.5) | (12.4) |
| EPS (Diluted) | -0.25 | -0.13 | -0.09 | 0.06 | -0.17 | -0.20 | -0.23 | -0.22 | -0.31 | -0.33 | -0.48 | -0.35 | -0.33 | -0.40 | -0.17 | -0.32 | -0.36 | -0.44 | -0.43 | -0.40 | -0.35 | -0.29 | -0.33 | -0.27 | -0.26 | -0.25 | -0.17 | -0.11 | -0.13 | -0.15 | -0.13 | -0.08 | -0.12 | -0.12 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 169.9 | 77.6 | 70.5 | 55.0 | 43.2 | 50.6 | 47.9 | 38.1 | 59.8 | 71.2 | 65.1 | 88.7 | 109.2 | 94.6 | 90.0 | 217.6 | 76.4 | 114.8 | 139.1 | 122.4 | 184.2 | 173.6 | 123.4 | 497.1 | 365.4 | 212.7 | 96.6 | 74.9 | 48.5 | 111.3 | 55.0 | (192.2) | ||
| Total Assets | 640.7 | 505.9 | 512.7 | 490.6 | 496.6 | 510.9 | 539.4 | 558.5 | 584.9 | 620.3 | 661.1 | 717.7 | 764.5 | 791.5 | 856.6 | 884.2 | 806.6 | 858.2 | 923.3 | 992.6 | 1,033.4 | 1,072.1 | 1,116.4 | 1,095.5 | 854.8 | 874.9 | 912.3 | 917.4 | 601.4 | 614.6 | 332.7 | 0 | ||
| Total Debt | 410.5 | 208.2 | 280.6 | 81.8 | 84.4 | 86.9 | 89.4 | 91.8 | 94.2 | 96.5 | 98.8 | 101.3 | 103.5 | 105.8 | 108.0 | 109.0 | 111.3 | 113.5 | 111.7 | 113.2 | 108.6 | 99.6 | 107.9 | 46.3 | 45.7 | 38.0 | 36.6 | 23.4 | 0 | 0 | 0 | 0 | ||
| Stockholders' Equity | 142.9 | 216.3 | 218.8 | 204.4 | 179.7 | 190.4 | 202.7 | 223.8 | 241.6 | 274.9 | 308.4 | 361.7 | 396.0 | 424.0 | 464.2 | 487.8 | 518.3 | 553.2 | 604.0 | 651.5 | 693.2 | 725.6 | 743.3 | 775.0 | 529.9 | 551.6 | 571.0 | 585.9 | (284.4) | 288.1 | (258.1) | 337.1 | ||
| Cash Flow | ||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (6.4) | (9.5) | 2.1 | (7.1) | (12.4) | (28.5) | (12.5) | (27.1) | (17.3) | (38.4) | (26.9) | (46.7) | (23.6) | (59.2) | (30.0) | (42.4) | (47.1) | (64.5) | (53.8) | (43.4) | (37.2) | (58.2) | (39.8) | (47.2) | (31.1) | (31.6) | (26.8) | (30.1) | (16.0) | 278.3 | (5.4) | (11.7) | (9.1) | (6.1) |
| Capital Expenditure | (1.2) | (0.8) | (0.6) | (0.4) | (0.7) | (1.3) | (0.1) | (0.3) | (1.7) | (1.5) | (1.3) | (2.8) | (3.7) | (2.9) | (2.5) | (5.4) | (5.3) | (3.1) | (9.2) | (14.6) | (22.0) | (15.8) | (9.4) | (4.2) | (2.3) | (3.0) | (2.4) | (3.4) | (1.5) | (3.8) | (2.5) | (2.2) | (1.0) | (0.6) |
| Free Cash Flow | (7.6) | (10.3) | 1.4 | (7.5) | (13.1) | (29.7) | (12.6) | (27.4) | (19.0) | (39.9) | (28.2) | (49.5) | (27.3) | (62.1) | (32.6) | (47.8) | (52.4) | (67.5) | (63.1) | (58.1) | (59.3) | (74.1) | (49.2) | (51.4) | (33.3) | (34.6) | (29.2) | (33.6) | (17.5) | 274.5 | (7.9) | (13.9) | (10.1) | (6.7) |