Agios Pharmaceuticals, Inc. logo AGIO - Agios Pharmaceuticals, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 22
HOLD 7
SELL 0
STRONG
SELL
0
| PRICE TARGET: $42.00 DETAILS
HIGH: $50.00
LOW: $36.00
MEDIAN: $40.00
CONSENSUS: $42.00
UPSIDE: 49.25%
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
Revenue
Revenue 20.7 20.0 12.9 12.5 8.7 10.7 9.0 8.6 8.2 7.1 7.4 6.7 5.6 4.3 3.5 5.6 0.8 0 0 0 0 44.0 34.7 37.3 87.1 35.4 26.0 26.2 30.2 30.0 15.2 40.4 8.8 9.8 11.4 11.3 10.5 22.6 9.0 7.0 31.3 6.2 5.5 13.2 34.2 14.6 33.9 8.4 8.4 6.7 6.3 6.3 6.3 6.3 6.3 6.3 6.3
Cost of Revenue 2.7 3.1 3.1 3.0 2.4 1.3 0.8 3.1 2.0 2.0 0.6 5.6 5.0 4.8 5.0 5.2 5.3 4.6 4.6 4.7 4.9 1.0 0.6 0.7 0.5 0.3 0.4 0.3 0.3 0.7 0.7 86.7 78.2 77.2 72.9 79.8 62.7 64.7 60.6 50.8 44.0 36.9 36.0 36.4 32.4 34.9 25.5 22.6 17.4 15.3 14.8 13.0 11.5 11.2 9.8 0 0
Gross Profit 18.1 16.8 9.8 9.5 6.4 9.5 8.2 5.5 6.2 5.1 6.8 1.1 0.7 (0.5) (1.5) 0.4 (4.4) (4.6) (4.6) (4.7) (4.9) 43.1 34.1 36.7 86.6 35.2 25.6 25.9 29.9 29.3 14.5 (46.3) (69.5) (67.4) (61.6) (68.5) (52.2) (42.0) (51.7) (43.8) (12.8) (30.7) (30.5) (23.2) 1.8 (20.2) 8.4 (14.2) (9.0) (8.5) (8.5) (6.7) (5.2) (4.9) (3.5) 6.3 6.3
Operating Expenses
R&D Expenses 79.8 86.8 85.4 90.7 71.5 82.8 72.5 75.8 67.3 76.1 81.8 67.1 65.5 68.5 63.0 72.2 67.6 71.1 61.8 59.7 55.2 95.7 89.6 90.9 91.3 106.2 101.7 107.4 95.6 93.8 82.6 86.7 78.2 77.2 72.9 79.8 62.7 64.7 60.6 50.8 44.0 36.9 36.0 36.4 32.4 34.9 25.5 22.6 17.4 15.3 14.8 13.0 11.5 11.2 9.8 10.5 9.6
SG&A Expenses 48.3 51.6 41.3 45.9 41.5 51.7 38.5 35.5 31.0 35.3 25.8 27.8 25.8 30.2 26.6 25.8 29.1 29.1 24.8 26.9 31.1 39.8 34.8 36.0 38.5 34.8 33.0 32.4 31.8 31.9 31.1 26.6 24.6 22.7 17.5 16.1 14.8 15.4 11.9 12.6 10.8 10.2 9.9 8.9 7.0 6.5 5.2 4.2 3.3 3.7 2.5 1.8 1.9 1.6 1.6 1.9 2.0
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 128.1 138.4 126.7 136.6 113.0 134.5 111.0 111.3 98.3 111.4 107.7 94.8 91.3 98.7 89.6 98.0 96.7 100.2 86.6 86.5 86.3 135.5 124.4 126.9 129.8 141.1 134.7 139.8 127.4 125.7 113.7 113.4 102.8 99.9 90.4 95.9 77.6 80.1 72.5 63.4 54.9 47.1 46.0 45.4 39.4 41.4 30.7 26.7 20.7 19.0 17.3 14.8 13.3 12.8 11.4 12.4 11.5
Operating Income
Operating Income (110.0) (121.6) (116.9) (127.1) (106.6) (125.0) (102.8) (105.8) (92.1) (106.3) (100.9) (93.7) (90.6) (99.2) (91.1) (97.6) (101.1) (104.8) (91.2) (91.2) (91.2) (92.4) (90.3) (90.2) (43.2) (105.9) (109.1) (113.9) (97.5) (96.4) (99.2) (72.9) (94.0) (90.1) (79.0) (84.6) (67.0) (57.4) (63.5) (56.5) (23.6) (40.9) (40.5) (32.1) (5.2) (26.7) 3.2 (18.3) (12.3) (12.2) (11.1) (8.5) (7.0) (6.5) (5.1) (6.1) (5.3)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 6.0 9.8 2.1 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
Interest Income 10.8 12.4 13.4 14.5 16.1 18.0 13.1 8.1 8.9 8.6 8.4 8.3 8.1 6.5 3.8 1.8 0.7 0.3 0.3 0 0.3 0.8 1.1 1.8 2.9 3.6 2.9 4.0 4.4 4.6 4.5 4.2 3.2 1.8 1.9 1.5 0.9 0.9 0.7 0.5 0.4 0.3 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
Profitability
EBITDA (108.7) (120.3) (115.5) (125.8) (105.4) (123.7) (101.5) (104.2) (90.7) (104.9) (99.3) (79.3) (76.6) 40.9 (77.3) (87.0) (89.9) (94.0) (79.7) (78.0) (86.0) (89.0) (86.8) (86.0) (37.8) (104.0) (104.1) (107.8) (95.5) (94.4) (97.4) (71.2) (92.3) (88.5) (77.4) (83.0) (65.5) (55.7) (62.1) (55.2) (22.3) (39.8) (39.4) (31.4) (4.8) (26.4) 3.6 (18.0) (12.0) (11.9) (10.7) (8.2) (6.7) (6.2) (4.8) (5.8) (5)
EBIT (110.0) (121.6) (116.9) (127.1) (106.6) (125.0) (102.8) (105.8) (92.1) (106.3) (100.9) (83.8) (81.0) 36.5 (81.7) (91.8) (94.8) (98.6) (84.3) (82.7) (90.9) (91.6) (89.2) (88.4) (40.3) (105.9) (106.2) (109.9) (97.5) (96.4) (99.2) (72.9) (94.0) (90.1) (79.0) (84.6) (67.0) (57.4) (63.5) (56.5) (23.6) (40.9) (40.5) (32.1) (5.2) (26.7) 3.2 (18.3) (12.3) (12.2) (11.1) (8.5) (7.0) (6.5) (5.1) (6.1) (5.3)
Income Before Tax (99.1) (109.1) (103.4) (112.0) (89.3) (105.4) 1,001.0 (96.1) (81.5) (95.9) (91.3) (83.8) (81.0) 36.5 (81.7) (91.8) (94.8) (98.6) (84.3) (82.8) (90.9) (97.7) (78.1) (79.7) (84.1) (102.3) (106.2) (109.9) (93.1) (91.8) (94.7) (68.7) (90.8) (88.3) (77.1) (83.1) (66.2) (56.5) (62.8) (56.0) (23.2) (40.6) (40.3) (31.9) (5.0) (26.6) 3.3 (18.3) (12.2) (12.2) (11.1) (8.5) (7.0) (6.5) (5.1) (6.1) (5.2)
Income Tax Expense 0 (1.0) 0 0 0 (8.9) 53.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.1 1.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 (0.4) 0 0 0.2 0.1 0.1 0.2 (1.2) (0.5) (0.6) (0.6)
Net Income (99.1) (108.0) (103.4) (112.0) (89.3) (96.5) 947.9 (96.1) (81.5) (95.9) (91.3) (83.8) (81.0) 36.5 (81.7) (91.8) (94.8) (94.6) (88.1) (83.4) (118.2) (97.7) (99.0) (90.5) (40.3) (102.3) (106.2) (109.9) (93.1) (91.8) (94.7) (68.7) (90.8) (88.3) (77.1) (83.1) (66.2) (56.5) (62.8) (56.0) (23.2) (40.6) (40.3) (31.9) (5.0) (26.7) 3.7 (18.3) (12.2) (12.4) (11.2) (8.6) (7.2) (5.3) (4.6) (5.5) (4.6)
Per Share Data
EPS (Basic) -1.69 -1.85 -1.78 -1.93 -1.55 -1.69 16.65 -1.69 -1.45 -1.72 -1.64 -1.51 -1.30 3.14 -1.32 -1.68 -1.62 -1.74 -1.56 -1.41 26.95 -1.41 -1.43 -1.31 -0.59 -1.60 -1.81 -1.87 -1.59 -1.58 -1.63 -1.19 -1.63 -1.81 -1.59 -1.78 -1.56 -1.34 -1.63 -1.47 -0.61 -1.08 -1.07 -0.85 -0.13 -0.76 0.11 -0.54 -0.39 -0.40 -0.49 -0.29 -0.31 -0.23 -0.20 -0.24 -0.20
EPS (Diluted) -1.69 -1.85 -1.78 -1.93 -1.55 -1.69 16.22 -1.69 -1.45 -1.72 -1.64 -1.51 -1.29 3.14 -1.32 -1.68 -1.62 -1.74 -1.56 -1.41 26.95 -1.41 -1.43 -1.31 -0.59 -1.60 -1.81 -1.87 -1.59 -1.58 -1.63 -1.19 -1.63 -1.81 -1.59 -1.78 -1.56 -1.34 -1.63 -1.47 -0.61 -1.08 -1.07 -0.85 -0.13 -0.76 0.10 -0.54 -0.39 -0.40 -0.49 -0.29 -0.31 -0.23 -0.20 -0.24 -0.20
Shares Outstanding 58.8 58.3 58.1 57.9 57.5 57.2 56.9 56.8 56.4 55.9 55.8 55.5 55.1 54.8 54.8 54.8 54.5 54.3 57.0 61.1 69.5 69.3 69.1 69.0 68.6 63.9 58.8 58.7 58.5 58.2 58.0 57.7 55.7 48.8 48.5 46.7 42.3 42.1 38.5 38.0 37.9 37.7 37.5 37.3 37.2 35.1 34.5 33.6 31.4 31.0 22.6 30.1 23.4 23.4 23.4 23.4 23.4
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
Current Assets
Cash & Cash Equivalents 113.6 89.1 92.7 80.9 79.0 76.2 253.7 84.5 118.8 88.2 64.3 84.8 104.1 139.3 122.4 88.5 80.0 203.1 400.2 969.1 1,888.0 127.4 104.9 295.9 89.1 80.9 81.7 83.6 103.4 805.4 156.5 210.3 994.7 567.8 132.7 138.7 200.3 573.6 285.5 512.3 355.8
Short-Term Investments 623.4 765.3 860.1 858.1 814.4 817.5 751.0 485.4 479.2 688.7 583.2 617.8 635.1 643.9 605.2 730.8 843.5 816.9 865.8 703.9 447.6 445.5 500.7 494.3 439.5 483.9 370.2 411.8 421.1 0 513.4 506.6 0 0 375.2 447.3 279.5 0 293.6 0 0
Net Receivables 16.1 10.6 5.0 5.0 3.3 4.1 3.1 3.8 3.5 2.8 1.2 2.3 1.8 2.2 5.6 4.3 5.9 4.4 7.0 8.1 0 0 23.3 18.0 19.7 15.3 12.4 14.6 10.5 10.4 8.3 21.3 4.9 3.7 5.1 5.6 14.7 8.3 11.6 9.9 7.4
Inventory 35.1 32.9 32.0 30.8 29.6 27.6 26.4 23.9 23.1 19.1 17.3 15.7 11.4 8.5 5.2 4.1 2.5 0 0 0 0 0 11.4 11.2 9.8 7.3 5.8 4.7 2.3 0.9 0.9 0 (212.3) (144.0) (0.9) (0.8) 0 (35.7) 0 0 0
Other Current Assets 46.6 44.1 43.2 44.7 42.3 40.2 39.9 34.5 39.1 35.0 38.4 36.8 39.3 39.0 0 0 0 0 0 0 0 63.7 28.9 0 0 0 20.0 19.1 19.7 0 16.5 15.5 15.6 0 0 0 0 0 0 0 0
Total Current Assets 834.8 942.1 1,033.1 1,019.5 968.6 965.6 1,074.2 632.1 663.6 833.8 704.4 757.2 791.7 832.8 784.9 870.0 975.1 1,064.2 1,305.3 1,702.6 2,355.1 636.7 669.1 846.4 587.3 611.7 490.1 533.7 557.1 613.8 695.5 753.8 803.0 445.3 528.3 604.7 506.9 559.9 600.9 484.2 329.5
Non-Current Assets
Property, Plant & Equipment 37.8 41.2 44.3 47.4 50.9 54.6 57.7 61.5 65.7 69.8 73.9 79.5 84.0 88.1 93.1 97.7 102.0 104.2 103.2 107.8 111.7 116.1 121.1 123.9 126.2 126.1 119.9 121.5 81.7 24.3 24.6 24.1 23.7 24.4 24.0 24.8 24.1 25.3 26.3 25.1 22.9
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 308.5 310.0 304.3 400.5 531.3 638.3 655.9 75.4 116.3 29.4 224.9 244.4 271.7 313.9 298.4 280.8 255.8 266.4 130.1 61.3 21.6 97.6 116.9 4.3 84.5 152.9 88.6 128.6 183.2 220.1 208.5 219.7 212.3 143.8 133.8 129.9 23.4 32.2 43.5 46.9 42.9
Other Non-Current Assets 3.9 3.9 3.9 3.9 4.7 4.7 4.1 4.1 4.1 4.1 4.1 4.1 4.0 4.0 3.9 4.0 2.9 2.9 2.9 2.9 0 2.6 1.3 1.6 1.8 0 0 0 0.1 0.2 0.4 0.6 1.1 0.9 1.1 1.2 2.9 1.6 1.3 1.4 0.8
Total Non-Current Assets 350.1 355.2 352.6 451.8 586.9 697.6 717.6 140.9 186.1 103.3 302.9 327.9 359.6 405.9 395.4 382.5 360.7 373.5 236.2 172.0 133.3 216.3 239.4 129.8 212.5 279.0 208.5 250.2 265.0 244.7 233.5 244.5 237.1 169.1 158.9 155.9 50.5 59.2 71.1 73.4 66.6
Total Assets 1,185.0 1,297.2 1,385.7 1,471.2 1,555.5 1,663.2 1,791.8 773.1 849.7 937.1 1,007.3 1,085.2 1,151.3 1,238.7 1,180.3 1,252.5 1,335.9 1,437.7 1,541.5 1,874.6 2,488.4 853.0 908.4 976.1 799.7 890.7 698.6 783.9 822.1 858.5 929.1 998.2 1,040.1 614.4 687.2 760.6 557.3 619.1 672.0 557.6 396.1
Current Liabilities
Account Payables 13.7 18.4 19.6 17.5 13.7 16.6 17.1 10.0 11.2 9.8 13.3 11.6 8.7 18.6 10.4 7.8 11.6 16.7 10.3 7.7 51.2 17.7 12.9 15.5 18.7 21.9 21.5 15.4 12.4 17.9 16.6 17.3 17.9 22.8 17.9 23.4 16.2 17.1 15.4 18.4 13.7
Short-Term Debt 18.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.4 7.2 0 0 0 7.3 6.4 9.1 0 0 0 0 0 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 2.5 0 0 0 0 0 0 0 4.7 10.9 16.9 18.5 22.2 92.5 42.1 41.1 121.0 163.6 35.9 37.1 37.7 190.2 36.4 215.0 18.5
Other Current Liabilities 14.6 27.3 37.2 20.0 20.8 46.9 17.7 12.0 5.4 23.2 14.0 10.9 6.7 12.2 15.7 13.2 5.4 19.8 13.6 10.6 7.3 48.9 30.7 (0.0) 7.0 19.0 26.0 32.3 22.9 22.1 14.2 17.3 12.6 18.6 23.1 24.4 23.3 24.3 11.2 9.3 6.0
Total Current Liabilities 58.8 82.2 74.8 70.4 52.4 81.2 119.5 62.6 51.7 68.0 58.4 55.1 45.1 62.6 53.6 48.4 45.8 59.8 57.9 60.6 96.5 94.4 69.8 64.4 69.9 92.9 92.4 89.5 80.9 93.5 84.7 84.9 74.7 94.9 88.1 93.6 82.4 88.4 78.0 67.3 45.1
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 251.0 0 0 108.1 110.1 66.0 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 (49.8) (51.6) (55.0) 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0.1 0.1 0.1 0.1 0.9 0.9 1.2 1.2 1.2 1.2 1.2 1.2 1.3 3.3 1.1 1.1 0 0 0 0 0 261.3 258.1 0.0 0 0 (108.1) (110.1) (66.0) 17.6 17.8 17.8 18.0 18.2 15.1 16.0 16.9 17.8 18.6 17.7 16.7
Total Non-Current Liabilities 17.0 21.9 26.6 31.3 36.6 41.1 45.7 49.9 54.1 58.1 62.0 65.8 69.7 75.3 76.6 80.0 82.6 85.9 88.8 92.1 95.3 359.1 358.2 353.3 104.6 157.3 157.9 161.7 121.0 77.4 84.1 90.2 99.8 144.0 149.3 158.0 167.5 172.1 192.6 201.3 18.7
Total Liabilities 75.9 104.1 101.4 101.7 89.0 122.2 165.1 112.6 105.8 126.1 120.4 120.9 114.8 137.9 130.2 128.4 128.4 145.8 146.7 152.8 191.8 453.5 428.0 417.7 174.4 250.2 250.3 251.2 201.9 170.9 168.9 175.1 174.5 238.9 237.4 251.6 249.9 260.5 270.6 268.5 63.7
Stockholders' Equity
Common Stock 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 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 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (660.8) (561.7) (453.7) (350.2) (238.2) (148.9) (52.4) (1,000.3) (904.2) (822.6) (726.7) (635.4) (551.6) (470.6) (507.1) (425.3) (333.5) (238.8) (144.1) (55.4) 30.9 (1,843.5) (1,745.8) (1,646.8) (1,556.4) (1,516.1) (1,413.8) (1,307.6) (1,197.7) (1,104.6) (1,012.8) (918.2) (849.4) (798.1) (709.8) (632.6) (549.6) (483.2) (426.7) (363.8) (307.9)
Accumulated Other Comprehensive Income (0.3) 2.2 2.1 0.7 0.4 (1.5) 3.4 (1.0) (1.1) (0.4) (5.9) (8.9) (8.4) (12.5) (15.1) (10.5) (7.7) (1.2) (0.2) (0.1) (0.0) 0.1 0.7 1.6 0.1 0.2 0.5 0.5 (0.5) (2.2) (2.1) (2.4) (2.6) (1.4) (0.5) (0.7) (0.2) (0.3) 0.0 0.3 0.1
Total Stockholders' Equity 1,109.1 1,193.1 1,284.3 1,369.6 1,466.5 1,541.0 1,626.7 660.5 743.9 811.0 886.8 964.2 1,036.5 1,100.8 1,050.2 1,124.1 1,207.5 1,292.0 1,394.8 1,721.8 2,296.6 399.5 480.5 558.5 625.3 640.5 448.3 532.7 620.3 687.5 760.2 823.1 865.6 375.5 449.8 509.0 307.4 358.6 401.4 289.1 332.4
Total Liabilities & Equity 1,185.0 1,297.2 1,385.7 1,471.2 1,555.5 1,663.2 1,791.8 773.1 849.7 937.1 1,007.3 1,085.2 1,151.3 1,238.7 1,180.3 1,252.5 1,335.9 1,437.7 1,541.5 1,874.6 2,488.4 853.0 908.4 976.1 799.7 890.7 698.6 783.9 822.1 858.5 929.1 998.2 1,040.1 614.4 687.2 760.6 557.3 619.1 672.0 557.6 396.1
Debt Metrics
Total Debt 35.7 40.2 44.5 48.8 52.9 57.0 60.8 64.6 68.3 72.0 75.5 78.9 82.3 85.7 88.9 91.2 94.6 97.1 99.1 101.9 103.6 105.2 107.3 360.3 111.4 113.7 115.4 116.5 75.1 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt (77.9) (48.9) (48.2) (32.1) (26.0) (19.3) (192.9) (19.9) (50.4) (16.2) 11.2 (5.8) (21.8) (53.6) (33.5) 2.6 14.6 (106.0) (301.1) (867.2) (1,784.4) (22.2) 2.4 64.4 22.3 32.7 33.7 32.9 (28.3) (805.4) (156.5) (210.3) (994.7) (567.8) (132.7) (138.7) (200.3) (573.6) (285.5) (512.3) (355.8)
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 (99.1) (108.0) (103.4) (112.0) (89.3) (96.5) 947.9 (96.1) (81.5) (95.9) (91.3) (83.8) (81.0) 36.5 (81.7) (91.8) (94.8) (98.6) (84.3) (82.8) (90.9) (84.5) (79.2) (81.5) (84.1) (102.3) (106.2) (109.9) (93.1) (91.8) (94.7) (68.7) (90.8) (88.3) (77.1) (83.1) (66.2) (56.5) (62.8) (56.0) (23.2)
Depreciation & Amortization 1.4 1.3 1.4 1.3 1.3 1.4 1.3 1.6 1.3 1.4 1.6 4.5 4.4 1.8 2.0 4.8 2.5 2.2 2.2 2.4 4.9 4.9 4.6 4.6 4.7 4.2 2.1 2.0 2.0 1.9 1.8 1.7 1.7 1.7 1.6 1.6 1.6 1.7 1.4 1.3 1.2
Stock-Based Compensation 15.5 14.1 12.4 14.7 11.4 10.9 11.1 11.6 9.2 13.8 9.1 0 0 11.5 11.2 0 15.5 11.6 12.1 14.9 0 0 0 0 0 0 18.6 18.5 18.1 18.2 24.2 16.5 14.5 12.7 12.2 12.2 10.7 9.8 12.1 11.0 9.1
Change in Working Capital (38.8) (4.6) (0.2) 8.3 (36.5) (46.3) 45.4 10.1 (29.0) 5.6 (2.7) 3.8 (25.8) 11.3 (4.6) 1.4 (24.5) 0.7 (9.2) (7.6) (20.8) 13.7 2.0 1.5 (15.2) (12.7) (1.9) (0.1) (31.3) (1.2) 6.1 (15.9) (24.0) (0.5) (14.3) 10.4 (20.4) (6.5) 0.0 201.3 (6.3)
Other Non-Cash Items 2.1 1.0 1.8 10.7 1.7 (2.7) (1,090.0) 0.2 0.1 26.2 21.7 8.8 7.2 (127.3) 1.9 11.4 3.6 (0.1) (6.0) (44.2) (14.0) 16.6 4.4 7.6 (10.8) 17.3 2.1 2.1 2.1 (1.3) (1.2) (0.9) (0.4) (0.0) (0.1) (0.1) 0.2 0.2 0.2 0.2 0.1
Operating Cash Flow (118.9) (96.2) (88.2) (77.1) (111.5) (133.2) (84.2) (72.6) (99.9) (72.5) (61.6) (66.7) (95.2) (66.2) (71.4) (74.2) (97.7) (84.1) (85.2) (117.3) (120.7) (49.4) (68.2) (67.8) (105.4) (93.6) (85.6) (88.2) (103.3) (74.2) (63.8) (67.4) (99) (74.5) (77.7) (59.0) (74.1) (51.2) (49.0) 157.8 (19.0)
Investing Activities
Capital Expenditure (0.8) (1.1) (1.6) (0.9) (0.8) (1.0) (0.4) (0.2) (0.1) (0.2) (0.4) 0.0 (0.4) (0.1) (0.0) (1.9) (2.8) (4.5) 0 (0.2) (1.0) (0.6) (5.2) (4.1) (4.2) (6.8) (2.0) (1.3) (2.0) (1.1) (3.1) (1.4) (1.4) (1.3) (2.0) (1.0) (0.3) (1.2) (3.4) (2.7) (2.5)
Acquisitions 0 0 0 0 0 0 (0.0) 0 0.0 0 1.2 0 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
Purchases of Investments (148.2) (161.1) (175.0) (130.8) (174.9) (198.3) (995.5) (104.5) (244.1) (90.4) (95.0) (104.1) (128.4) (248.6) (174.5) (251.8) (355.9) (426.8) (452.5) (437.0) (61.9) (126.4) (241.0) (134.7) (54.9) (293.7) (50.6) (66.8) (77.4) (178.0) (162.7) (261.7) (331.0) (84.2) (136.0) (441.8) (26.7) (138.5) (141.3) (15.1) (211.2)
Sales/Maturities of Investments 290.3 252.3 272.1 220.6 288.3 150.1 157.6 141.9 368.7 186.2 151.0 151.3 186.2 198.9 278.6 336.6 332.1 336.9 219.8 139.1 134.0 198.8 120.0 161.4 167.5 115.8 133.0 132.6 210.8 166.2 168.6 166.8 164.9 127.3 204.4 167.1 136.6 62.2 82.0 53.6 198.9
Other Investing Activities 0 0 0 (10) 0 0 1,089.2 0 0 0 (17.5) 0 0 132.7 0 0 0 0 0 0 1,802.9 (0.8) 0.3 (0.1) (0.3) 0 82.4 65.8 133.4 (11.8) 5.9 (94.9) (166.1) 43.1 68.4 (274.7) 109.8 (76.3) (59.3) 38.5 (12.3)
Investing Cash Flow 141.3 90.1 95.6 79.0 112.6 (49.2) 250.8 37.2 124.6 95.5 39.3 47.1 57.6 83.0 104.1 82.8 (26.6) (94.4) (232.7) (298.1) 1,874.1 71.0 (125.9) 22.5 108.1 (184.8) 80.4 64.5 131.4 (12.8) 2.8 (96.3) (167.5) 41.8 66.4 (275.7) 109.6 (77.5) (62.7) 35.7 (14.8)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.1) (0.1) (0.1) (0.1) 0.2 (0.6) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (19.0) (254.4) 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 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 1.3 0 1.3 0.3 4.0 (503.4) 0 0 0 250.5 0 0 3.3 3.8 4.9 1.0 7.2 9.5 12.1 2.6 5.3 273.2 4.0 4.0 1.1 1.4 1.1
Financing Cash Flow 2.1 2.6 4.4 0.1 1.6 4.8 2.6 1.1 5.9 0.8 1.9 0.2 2.5 0.0 1.2 (0.1) 1.2 (18.6) (251.0) (503.5) 7.3 0.6 3.4 252.1 5.4 277.6 3.3 3.8 4.9 1.0 7.2 9.5 528.3 2.6 5.3 273.2 4.0 4.0 163.2 1.4 1.1
Cash Position
Net Change in Cash 24.5 (3.6) 11.8 1.9 2.7 (177.5) 169.2 (34.2) 30.6 23.9 (20.4) (19.4) (35.1) 16.8 33.9 8.5 (123.1) (197.1) (568.9) (918.9) 1,760.6 22.6 (191.0) 206.8 8.2 (0.8) (1.9) (19.9) 32.9 (86.0) (53.8) (154.1) 261.7 (30.0) (6.0) (61.6) 39.5 (124.7) 51.5 195.0 (32.7)
Cash at Beginning 89.1 92.7 80.9 79.0 76.2 253.7 84.5 118.8 88.2 64.3 84.8 104.1 139.3 122.4 88.5 80.0 203.1 400.2 969.1 1,888.0 127.4 104.9 295.9 89.1 80.9 81.7 83.6 103.4 70.5 156.5 210.3 364.5 102.7 132.7 138.7 200.3 160.8 285.5 234.0 39.0 71.8
Cash at End 113.6 89.1 92.7 80.9 79.0 76.2 253.7 84.5 118.8 88.2 64.3 84.8 104.1 139.3 122.4 88.5 80.0 203.1 400.2 969.1 1,888.0 127.4 104.9 295.9 89.1 80.9 81.7 83.6 103.4 70.5 156.5 210.3 364.5 102.7 132.7 138.7 200.3 160.8 285.5 234.0 39.0
Free Cash Flow (119.7) (97.3) (89.7) (78.0) (112.3) (134.1) (84.6) (72.7) (100.0) (72.7) (62.0) (66.7) (95.6) (66.3) (71.4) (76.2) (100.5) (88.6) (85.2) (117.5) (121.8) (50.0) (73.4) (71.9) (109.6) (100.4) (87.6) (89.4) (105.3) (75.2) (67.0) (68.8) (100.4) (75.7) (79.7) (60.0) (74.4) (52.4) (52.5) 155.1 (21.5)
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
Income Statement
Revenue 20.7 20.0 12.9 12.5 8.7 10.7 9.0 8.6 8.2 7.1 7.4 6.7 5.6 4.3 3.5 5.6 0.8 0 0 0 0 44.0 34.7 37.3 87.1 35.4 26.0 26.2 30.2 30.0 15.2 40.4 8.8 9.8 11.4 11.3 10.5 22.6 9.0 7.0 31.3 6.2 5.5 13.2 34.2 14.6 33.9 8.4 8.4 6.7 6.3 6.3 6.3 6.3 6.3 6.3 6.3
Gross Profit 18.1 16.8 9.8 9.5 6.4 9.5 8.2 5.5 6.2 5.1 6.8 1.1 0.7 (0.5) (1.5) 0.4 (4.4) (4.6) (4.6) (4.7) (4.9) 43.1 34.1 36.7 86.6 35.2 25.6 25.9 29.9 29.3 14.5 (46.3) (69.5) (67.4) (61.6) (68.5) (52.2) (42.0) (51.7) (43.8) (12.8) (30.7) (30.5) (23.2) 1.8 (20.2) 8.4 (14.2) (9.0) (8.5) (8.5) (6.7) (5.2) (4.9) (3.5) 6.3 6.3
Operating Income (110.0) (121.6) (116.9) (127.1) (106.6) (125.0) (102.8) (105.8) (92.1) (106.3) (100.9) (93.7) (90.6) (99.2) (91.1) (97.6) (101.1) (104.8) (91.2) (91.2) (91.2) (92.4) (90.3) (90.2) (43.2) (105.9) (109.1) (113.9) (97.5) (96.4) (99.2) (72.9) (94.0) (90.1) (79.0) (84.6) (67.0) (57.4) (63.5) (56.5) (23.6) (40.9) (40.5) (32.1) (5.2) (26.7) 3.2 (18.3) (12.3) (12.2) (11.1) (8.5) (7.0) (6.5) (5.1) (6.1) (5.3)
Net Income (99.1) (108.0) (103.4) (112.0) (89.3) (96.5) 947.9 (96.1) (81.5) (95.9) (91.3) (83.8) (81.0) 36.5 (81.7) (91.8) (94.8) (94.6) (88.1) (83.4) (118.2) (97.7) (99.0) (90.5) (40.3) (102.3) (106.2) (109.9) (93.1) (91.8) (94.7) (68.7) (90.8) (88.3) (77.1) (83.1) (66.2) (56.5) (62.8) (56.0) (23.2) (40.6) (40.3) (31.9) (5.0) (26.7) 3.7 (18.3) (12.2) (12.4) (11.2) (8.6) (7.2) (5.3) (4.6) (5.5) (4.6)
EPS (Diluted) -1.69 -1.85 -1.78 -1.93 -1.55 -1.69 16.22 -1.69 -1.45 -1.72 -1.64 -1.51 -1.29 3.14 -1.32 -1.68 -1.62 -1.74 -1.56 -1.41 26.95 -1.41 -1.43 -1.31 -0.59 -1.60 -1.81 -1.87 -1.59 -1.58 -1.63 -1.19 -1.63 -1.81 -1.59 -1.78 -1.56 -1.34 -1.63 -1.47 -0.61 -1.08 -1.07 -0.85 -0.13 -0.76 0.10 -0.54 -0.39 -0.40 -0.49 -0.29 -0.31 -0.23 -0.20 -0.24 -0.20
Balance Sheet
Cash & Equivalents 113.6 89.1 92.7 80.9 79.0 76.2 253.7 84.5 118.8 88.2 64.3 84.8 104.1 139.3 122.4 88.5 80.0 203.1 400.2 969.1 1,888.0 127.4 104.9 295.9 89.1 80.9 81.7 83.6 103.4 805.4 156.5 210.3 994.7 567.8 132.7 138.7 200.3 573.6 285.5 512.3 355.8
Total Assets 1,185.0 1,297.2 1,385.7 1,471.2 1,555.5 1,663.2 1,791.8 773.1 849.7 937.1 1,007.3 1,085.2 1,151.3 1,238.7 1,180.3 1,252.5 1,335.9 1,437.7 1,541.5 1,874.6 2,488.4 853.0 908.4 976.1 799.7 890.7 698.6 783.9 822.1 858.5 929.1 998.2 1,040.1 614.4 687.2 760.6 557.3 619.1 672.0 557.6 396.1
Total Debt 35.7 40.2 44.5 48.8 52.9 57.0 60.8 64.6 68.3 72.0 75.5 78.9 82.3 85.7 88.9 91.2 94.6 97.1 99.1 101.9 103.6 105.2 107.3 360.3 111.4 113.7 115.4 116.5 75.1 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 1,109.1 1,193.1 1,284.3 1,369.6 1,466.5 1,541.0 1,626.7 660.5 743.9 811.0 886.8 964.2 1,036.5 1,100.8 1,050.2 1,124.1 1,207.5 1,292.0 1,394.8 1,721.8 2,296.6 399.5 480.5 558.5 625.3 640.5 448.3 532.7 620.3 687.5 760.2 823.1 865.6 375.5 449.8 509.0 307.4 358.6 401.4 289.1 332.4
Cash Flow
Operating Cash Flow (118.9) (96.2) (88.2) (77.1) (111.5) (133.2) (84.2) (72.6) (99.9) (72.5) (61.6) (66.7) (95.2) (66.2) (71.4) (74.2) (97.7) (84.1) (85.2) (117.3) (120.7) (49.4) (68.2) (67.8) (105.4) (93.6) (85.6) (88.2) (103.3) (74.2) (63.8) (67.4) (99) (74.5) (77.7) (59.0) (74.1) (51.2) (49.0) 157.8 (19.0)
Capital Expenditure (0.8) (1.1) (1.6) (0.9) (0.8) (1.0) (0.4) (0.2) (0.1) (0.2) (0.4) 0.0 (0.4) (0.1) (0.0) (1.9) (2.8) (4.5) 0 (0.2) (1.0) (0.6) (5.2) (4.1) (4.2) (6.8) (2.0) (1.3) (2.0) (1.1) (3.1) (1.4) (1.4) (1.3) (2.0) (1.0) (0.3) (1.2) (3.4) (2.7) (2.5)
Free Cash Flow (119.7) (97.3) (89.7) (78.0) (112.3) (134.1) (84.6) (72.7) (100.0) (72.7) (62.0) (66.7) (95.6) (66.3) (71.4) (76.2) (100.5) (88.6) (85.2) (117.5) (121.8) (50.0) (73.4) (71.9) (109.6) (100.4) (87.6) (89.4) (105.3) (75.2) (67.0) (68.8) (100.4) (75.7) (79.7) (60.0) (74.4) (52.4) (52.5) 155.1 (21.5)