Ambarella, Inc. logo AMBA - Ambarella, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 21
HOLD 14
SELL 1
STRONG
SELL
0
| PRICE TARGET: $95.00 DETAILS
HIGH: $115.00
LOW: $80.00
MEDIAN: $90.00
CONSENSUS: $95.00
UPSIDE: 8.51%
Metric 2026 Q4 2026 Q3 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 2017 Q4 2017 Q3 2017 Q2 2017 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 100.9 108.5 95.5 85.9 84.0 82.7 63.7 54.5 51.6 50.6 62.1 62.1 83.3 83.1 80.9 90.3 90.2 92.2 79.3 70.1 62.1 56.1 50.1 54.6 57.2 67.9 56.4 47.2 51.1 57.3 62.5 56.9 70.6 89.1 71.6 64.1 87.5 100.5 65.1 57.2 64.7 65.7 47.0 40.9 40.0 46.0 37.7 33.9 31.5 35.7 28.0 25.9 24.6 28.8 22.3 21.6
Cost of Revenue 42.7 43.1 39.3 34.3 33.6 32.6 25.0 21.3 20.8 20.6 23.7 24.6 33.7 31.4 29.8 33.8 32.9 34.5 29.9 26.4 24.3 21.3 19.2 22.6 23.9 28.8 24.0 19.3 20.4 22.7 24.5 22.0 25.2 32.4 26.8 23.2 29.0 34.2 21.7 20.4 23.3 24.1 16.4 15.3 14.4 16.7 14.4 12.2 11.6 12.7 8.6 7.5 7.8 10.1 7.4 7.1
Gross Profit 58.2 65.3 56.2 51.5 50.4 50.0 38.7 33.2 30.9 30.0 38.5 37.5 49.6 51.7 51.1 56.5 57.3 57.6 49.4 43.8 37.8 34.8 31.0 32.0 33.3 39.1 32.4 27.9 30.7 34.6 38.0 34.9 45.4 56.6 44.8 41.0 58.5 66.3 43.5 36.7 41.4 41.6 30.5 25.6 25.6 29.3 23.3 21.7 19.9 23.0 19.3 18.4 16.8 18.7 14.8 14.5
Operating Expenses
R&D Expenses 58.5 61.5 59.7 58.8 56.8 58.4 56.8 54.1 52.0 53.7 54.9 54.4 53.1 52.9 52.3 46.7 48.5 41.4 39.6 37.9 37.2 36.6 32.8 34.2 33.8 32.5 30.4 33.0 32.6 31.7 32.1 31.7 31.6 29.8 27.5 26.6 27.1 26.0 23.6 24.5 16.0 15.6 13.5 12.9 13.0 13.5 11.0 11.3 11.2 10.8 9.4 11.5 10.0 9.2 9.7 8.7
SG&A Expenses 19.3 18.9 18.5 18.6 18.9 17.7 18.3 17.9 18.7 18.2 18.9 18.6 20.0 18.9 18.9 20.4 21.1 17.5 15.8 16.0 14.6 14.5 13.4 13.4 13.3 13.8 12.4 13.1 12.4 12.4 12.6 13.2 12.4 11.7 12.0 11.7 11.3 10.7 10.6 10.9 8.3 7.3 6.9 6.8 6.8 5.8 5.4 5.2 5.1 4.6 4.2 4.0 4.7 3.8 4.0 3.4
Other Expenses 0 0 0 0 0 (0.5) 0 0.5 1.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 77.8 80.4 78.2 77.4 75.7 75.6 75.0 72.6 72.6 71.9 73.8 73.1 73.1 71.8 71.3 67.0 69.7 58.8 55.4 53.9 51.8 51.0 46.2 47.6 47.1 46.3 42.8 46.1 45.0 44.0 44.7 44.8 44.0 41.5 39.5 38.3 38.4 36.7 34.2 35.4 24.3 22.9 20.4 19.7 19.9 19.2 16.4 16.5 16.3 15.4 13.5 15.5 14.7 13.0 13.7 12.2
Operating Income
Operating Income (19.6) (15.0) (22.0) (25.9) (25.4) (25.5) (36.3) (39.4) (41.7) (42.0) (35.3) (35.5) (23.4) (20.1) (20.2) (10.5) (12.3) (1.2) (6.0) (10.1) (14.0) (16.2) (15.3) (15.6) (13.8) (7.2) (10.4) (18.2) (14.4) (9.4) (6.7) (9.9) 1.4 15.1 5.3 2.6 20.1 29.7 9.3 1.3 17.1 18.7 10.2 5.9 5.7 10.1 6.9 5.2 3.6 7.6 5.8 2.9 2.1 5.7 1.1 2.4
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (16.1) (14.2) (19.7) (19.1) (18.5) (19.0) (29.9) (33.1) (35.3) (35.5) (29.2) (29.7) (17.9) (15.0) (15.5) (5.9) (7.5) 2.1 (3.0) (7.3) (10.9) (13.2) (12.4) (12.7) (10.4) (4.4) (7.7) (15.5) (12.5) (7.6) (4.9) (8.2) 2.8 15.1 5.3 3.3 20.5 30.0 9.6 1.8 17.5 19.0 10.5 6.2 6.0 10.4 7.2 5.4 3.8 7.8 6.1 3.2 2.4 6.0 1.4 2.6
EBIT (16.1) (14.2) (22.0) (25.9) (25.4) (25.5) (36.3) (39.4) (41.7) (42.0) (35.3) (35.5) (23.4) (20.1) (20.2) (10.5) (12.3) (1.2) (6.0) (10.1) (14.0) (16.2) (15.3) (15.6) (13.8) (7.2) (10.4) (18.2) (14.4) (9.4) (6.7) (9.9) 1.4 15.4 5.5 2.6 20.1 29.7 9.3 1.3 17.1 18.7 10.2 5.9 5.7 10.1 6.9 5.2 3.6 7.6 5.8 2.9 2.1 5.7 1.1 2.4
Income Before Tax (16.1) (14.2) (19.7) (23.7) (23.0) (23.4) (34.1) (37.2) (39.6) (40.1) (34.6) (34.3) (21.6) (18.7) (20.2) (10.4) (12.6) (0.8) (5.7) (9.5) (13.4) (15.6) (14.0) (14.3) (12.1) (5.3) (8.2) (16.0) (11.0) (8.4) (6.0) (9.2) 2.0 15.4 5.5 2.8 20.3 29.8 9.4 1.4 17.2 18.7 10.2 6.0 5.7 10.1 6.9 5.2 3.6 7.7 5.8 2.9 2.0 5.7 1.1 2.3
Income Tax Expense 0.3 0.9 0.3 0.6 (2.8) 0.7 0.7 0.8 21 1.6 (3.4) 1.6 (10.5) 1.1 3.4 0.4 (3.4) (1.6) 1.4 1.3 (0.9) 1.5 0.7 1.1 0.9 (0.9) 2.0 1.3 (6.5) 0.6 0.9 0.8 0.7 3.7 2.2 0.2 1.9 0.8 0.8 (0.4) (0.5) 0.4 0.9 0.7 0.2 0.9 0.7 0.5 (0.0) 1.0 0.6 0.3 0.3 0.7 0.1 0.3
Net Income (16.4) (15.1) (20.0) (24.3) (20.2) (24.1) (34.9) (37.9) (60.6) (41.7) (31.2) (35.9) (11.1) (19.8) (23.6) (10.8) (9.2) 0.8 (7.2) (10.8) (12.5) (17.1) (14.8) (15.5) (13.0) (4.3) (10.2) (17.3) (4.5) (9.0) (6.9) (10.0) 1.3 11.7 3.3 2.6 18.4 29.0 8.6 1.8 17.7 18.3 9.3 5.3 5.5 9.1 6.3 4.7 3.6 6.7 5.2 2.6 1.8 5.0 1.0 2.0
Per Share Data
EPS (Basic) -0.38 -0.35 -0.47 -0.58 -0.48 -0.58 -0.85 -0.93 -1.50 -1.04 -0.79 -0.91 -0.29 -0.51 -0.62 -0.29 -0.25 0.02 -0.20 -0.30 -0.35 -0.49 -0.43 -0.45 -0.39 -0.13 -0.31 -0.53 -0.14 -0.28 -0.21 -0.30 0.04 0.35 0.10 0.08 0.56 0.89 0.27 0.05 0.58 0.61 0.32 0.18 0.19 0.33 0.23 0.17 0.14 0.25 0.06 0.03 0.09 0.24 0.05 0.10
EPS (Diluted) -0.38 -0.35 -0.47 -0.58 -0.48 -0.58 -0.85 -0.93 -1.50 -1.04 -0.79 -0.91 -0.29 -0.51 -0.62 -0.29 -0.25 0.02 -0.20 -0.30 -0.35 -0.49 -0.43 -0.45 -0.39 -0.13 -0.31 -0.53 -0.14 -0.28 -0.21 -0.30 0.04 0.34 0.10 0.07 0.53 0.84 0.25 0.05 0.53 0.57 0.29 0.17 0.18 0.30 0.21 0.16 0.13 0.25 0.06 0.03 0.08 0.23 0.04 0.09
Shares Outstanding 43.2 42.5 42.4 42.2 41.8 41.1 41.1 40.8 40.4 40.1 39.7 39.3 38.9 38.6 38.1 37.3 37.0 36.8 35.8 35.9 35.3 34.8 34.3 34.1 33.7 33.1 32.9 32.5 32.1 32.2 32.7 33.3 33.3 33.1 33.2 33.3 33.0 32.7 32.6 32.4 30.6 30.0 29.4 29.0 28.4 27.8 27.4 27.1 26.9 26.4 25.9 20.9 20.9 20.9 20.9 20.9
Metric 2026 Q4 2026 Q3 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 2017 Q4 2017 Q3 2017 Q2 2017 Q1
Current Assets
Cash & Cash Equivalents 191.0 174.1 142.7 141.3 144.6 127.1 153.9 131.8 144.9 143.8 122.5 127.7 113.5 112.8 194.9 200.6 171.0 457.8 258.4 227.5 241.3 225.5 220.6 236.6 231.4 252.3 222.7 204.4 194.0 212.3 295.3 336.7 346.7 320.9 309.7 335.2 322.9 313.5 276.5 268.0
Short-Term Investments 121.6 121.2 118.4 118.1 105.6 99.4 65.9 71.5 75.0 78.5 94.0 99.6 93.3 86.2 3.0 0 0 0 190.8 208.0 199.4 198.1 190.1 174.7 173.3 148.5 153.1 161.7 164.9 136.3 80.7 77.4 87.9 93.1 91.1 85.0 82.5 58.6 50.5 55.9
Net Receivables 39.2 42.2 42.9 30.2 29.8 34.0 23.2 28.3 24.9 23.0 30.2 29.8 52.0 48.6 37.7 28.0 44.3 44.8 38.3 34.5 25.0 24.1 23.3 20.7 18.5 21.6 27.9 26.5 26.2 32.4 29.0 25.7 31.3 47.2 38.4 22.9 38.6 41.4 33.6 30.5
Inventory 52.2 39.2 33.8 39.3 34.4 36.6 30.7 28.3 29.0 30.8 34.8 41.2 40.5 45.4 40.1 41.5 45.2 47.0 42.1 33.1 26.1 23.7 23.9 22.0 23.0 19.8 17.4 17.6 18.3 23.3 30.8 23.0 23.4 21.1 17.7 19.1 20.1 23.3 20.9 17.9
Other Current Assets 6.3 7.0 6.0 6.6 0.0 6.5 6.1 0 0 0.0 0.0 0.0 5.3 0.0 0.0 0.0 0.0 1.4 0.0 0.0 0.0 1.3 1.3 1.2 0.0 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
Total Current Assets 410.3 383.7 343.9 335.5 320.6 303.6 279.7 266.9 280.2 279.8 286.6 304.5 304.6 298.3 282.9 278.3 266.7 555.4 534.0 508.5 497.3 476.2 461.4 458.8 451.2 447.4 425.6 415.3 409.6 407.7 438.4 466.6 493.3 486.3 459.7 465.4 468.5 441.6 385.7 376.1
Non-Current Assets
Property, Plant & Equipment 23.7 23.5 13.6 14.6 14.3 15.6 15.8 14.1 15.7 16.7 17.9 18.8 20.2 19.9 20.7 20.4 21.3 20.5 18.3 17.1 15.2 13.9 13.7 14.7 15.5 16.5 13.3 14.3 6.7 6.7 7.0 6.6 6.4 5.7 5.6 5.2 5.0 4.3 3.6 3.6
Goodwill 303.6 303.6 303.6 303.6 303.6 303.6 303.6 303.6 303.6 303.6 303.6 303.6 303.6 303.6 303.6 303.6 303.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6 26.6
Intangible Assets 58.0 38.0 41.9 44.9 47.3 45.0 48.4 51.1 55.1 58.8 63.1 55.5 58.5 47.5 49.6 48.5 46.3 15.3 15.8 17.3 18.7 17.4 16.1 16.4 17.8 8.2 9.0 10.1 10.9 11.2 12.4 13.3 14.4 15.2 13.0 13.6 4.1 4.2 4.2 4.2
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
Other Non-Current Assets 3.0 3.2 3.5 3.2 3.2 3.0 2.7 2.8 2.8 2.7 2.8 3.9 4.0 3.4 3.5 3.8 4.3 4.2 4.6 4.6 4.6 5.0 5.4 5.4 5.7 5.4 5.2 2.4 2.4 2.5 2.5 2.3 2.3 2.2 2.2 2.2 2.2 2.2 2.0 2.1
Total Non-Current Assets 388.3 368.2 362.6 366.4 368.4 367.2 370.7 371.8 377.5 404.8 409.6 400.3 405.6 389.1 391.6 390.3 390.8 78.0 76.0 76.1 76.0 73.3 72 73.0 76.1 67.1 64.6 63.9 57.3 51.0 52.3 52.5 53.4 56.3 53.7 53.7 43.7 43.2 42.2 43.0
Total Assets 798.6 751.9 706.4 701.9 689.0 670.8 650.3 638.7 657.7 684.6 696.2 704.8 710.2 687.5 674.4 668.7 657.5 633.4 610.1 584.6 573.3 549.6 533.4 531.7 527.3 514.5 490.2 479.3 466.9 458.6 490.7 519.2 546.6 542.6 513.4 519.1 512.3 484.8 427.9 419.1
Current Liabilities
Account Payables 54.0 34.9 26.8 35.3 21.8 25.2 19.4 16.5 28.5 9.3 11.9 25.6 17.8 29.1 22.1 29.8 31.2 27.1 33.1 20.6 21.1 14.6 13.7 20.6 14.9 18.7 18.9 16.1 12.8 11.1 23.4 17.4 19.8 26.2 23.5 18.7 20.0 28.4 19.7 16.3
Short-Term Debt 2.0 1.7 1.8 2.3 2.8 3.3 3.7 3.1 3.4 3.6 3.5 3.6 0 3.4 0 3.3 3.4 3.5 2.9 3.0 2.9 2.8 2.4 2.1 2.2 2.2 2.3 2.4 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 22.4 17.5 19.5 25.6 27.7 4.6 5.2 2.0 0.9 2.6 2.7 1.3 1.3 1.0 0.5 1.0 1.4 0.8 0.9 0.8 0.8 1.2 1.4 0.8 0.7 0.5 0.6 0.6 0.5 0.4 0.6 0.5 0.3 5.2 6.2 5.6 7.4 6.9 5.5 6.1
Other Current Liabilities 99.5 86.7 74.4 18.3 4.2 26.4 23.6 34.0 28.5 39.6 36.2 30.1 29.2 23.7 24.2 23.9 32.7 26.3 27.6 28.9 27.1 25.1 17.5 16.0 19.1 16.6 14.8 11.9 14.1 13.9 11.4 12.3 16.2 13.9 7.9 12.3 11.8 10.4 11.8 8.6
Total Current Liabilities 177.9 144.5 125.9 124.9 121.0 106.9 91.5 72.2 83.0 75.8 74.7 80.1 83.5 80.9 77.5 74.9 89.3 81.6 85.5 70.0 74.0 62.2 51.2 51.5 53.5 50.8 47.2 42.2 39.0 37.9 47.6 39.7 53.2 60.5 51.6 45.7 54.4 59.9 48.3 39.8
Non-Current Liabilities
Long-Term Debt 0 11.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 1.9 1.8 0.7 0.7 0.9 0.9 0.9 4.6 1.0 1.0 1.1 1.1 11.2 1.6 2.0 1.8 1.3 1.3 1.3 1.3 1.3 1.3 10.1 1.3 1.3 1.3 1.3 1.3 7.6 0 0 1.3 1.3 1.3 1.3 1.3 1.4 1.4 1.4
Other Non-Current Liabilities 14.5 (11.5) 0.5 1.6 3.4 6.1 7.4 9.7 8.3 14.7 16.0 14.3 14.4 1.0 10.2 10.1 12.8 13.4 13.7 14.9 16.8 18.0 16.7 7.2 17.8 9.9 9.4 9.0 7.0 2.0 10.3 10.7 11.2 11.7 7.8 7.7 3.2 0.9 1.4 2.8
Total Non-Current Liabilities 25.9 17.3 4.0 4.4 6.6 9.6 11.3 11.0 14.8 17.0 19.2 18.4 20.6 18.1 18.8 19.5 21.1 22.5 21.5 23.3 24.3 24.7 23.6 24.6 25.8 18.4 14.5 14.6 8.3 9.6 10.3 10.7 11.2 13.1 9.1 9.0 3.2 2.3 2.8 2.8
Total Liabilities 203.8 161.8 129.9 129.2 127.6 116.5 102.8 83.2 97.8 92.8 93.9 98.6 104.1 99.1 96.3 94.3 110.4 104.1 107.0 93.3 98.3 86.9 74.8 76.2 79.2 69.2 61.8 56.8 47.4 47.5 57.8 50.3 64.5 73.5 60.7 54.7 57.6 62.2 51.1 42.6
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
Retained Earnings (327.9) (311.5) (296.4) (276.4) (252.1) (231.8) (207.8) (172.9) (134.9) (74.3) (32.6) (1.4) 34.5 45.6 65.4 89.0 99.9 109.1 108.3 115.5 126.3 138.8 155.8 170.6 186.1 199.1 203.4 213.6 230.9 235.4 244.4 251.3 261.3 260.0 248.3 245.0 242.4 224.1 195.0 186.4
Accumulated Other Comprehensive Income 0.6 0.5 0.1 0.3 (0.2) (0.3) (0.2) (0.6) (0.2) (1.2) (0.9) (0.4) (0.5) (1.0) (0.0) 0 0 0 0.6 0.8 1.2 1.4 1.6 0.4 0.8 0.7 0.5 0.4 0.1 (0.2) (0.2) (0.4) (0.3) (0.1) (0.1) (0.1) (0.1) (0.0) 0.0 0.0
Total Stockholders' Equity 594.8 590.1 576.5 572.7 561.4 554.3 547.6 555.4 559.9 591.8 602.3 606.2 606.1 588.4 578.1 574.3 547.2 529.2 503.1 491.3 475.0 462.7 458.6 455.6 448.1 445.2 428.5 422.4 419.5 411.1 432.9 468.8 482.2 469.1 452.7 464.3 454.6 422.6 376.8 376.5
Total Liabilities & Equity 798.6 751.9 706.4 701.9 689.0 670.8 650.3 638.7 657.7 684.6 696.2 704.8 710.2 687.5 674.4 668.7 657.5 633.4 610.1 584.6 573.3 549.6 533.4 531.7 527.3 514.5 490.2 479.3 466.9 458.6 490.7 519.2 546.6 542.6 513.4 519.1 512.3 484.8 427.9 419.1
Debt Metrics
Total Debt 13.4 13.6 3.4 4.4 5.3 6.0 6.8 4.4 5.3 5.9 6.8 7.7 8.6 9.3 10.5 10.7 11.7 12.5 10.6 11.5 10.4 9.5 9.3 9.5 10.2 10.7 7.4 8.0 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt (177.6) (160.4) (139.3) (136.9) (139.4) (121.2) (147.2) (127.4) (139.6) (137.9) (115.8) (120.0) (104.9) (103.5) (184.4) (189.9) (159.3) (445.2) (247.8) (216.0) (230.8) (216.0) (211.3) (227.1) (221.2) (241.6) (215.3) (196.4) (194.0) (212.3) (295.3) (336.7) (346.7) (320.9) (309.7) (335.2) (322.9) (313.5) (276.5) (268.0)
Metric 2026 Q4 2026 Q3 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 2017 Q4 2017 Q3 2017 Q2 2017 Q1
Operating Activities
Net Income (16.4) (15.1) (20.0) (24.3) (20.2) (24.1) (34.9) (37.9) (60.6) (41.7) (31.2) (35.9) (11.1) (19.8) (23.6) (10.8) (9.2) 0.8 (7.2) (10.8) (12.5) (17.1) (14.8) (15.5) (13.0) (4.3) (10.2) (17.3) (4.5) (9.0) (6.9) (10.0) 1.3 11.7 3.3 2.6 18.4 29.0 8.6 1.8
Depreciation & Amortization 5.7 6.5 6.6 6.7 6.8 6.5 6.4 6.4 6.4 6.5 6.1 5.8 5.5 5.1 4.7 4.6 4.9 3.3 2.9 2.9 3.1 3.1 2.9 2.9 3.4 2.8 2.7 2.7 1.9 1.8 1.8 1.8 1.4 1.3 1.3 0.7 0.4 0.4 0.4 0.5
Stock-Based Compensation 21.0 25.7 25.2 26.1 27.3 26.8 27.6 26.0 28.5 27.4 28.1 27.3 29.1 28.1 26.9 27.0 27.5 22.1 19.4 18.8 18.7 19.0 16.4 16.0 16.9 17.3 16.2 16.5 15.9 15.6 15.1 14.2 14.8 14.7 14.4 13.0 13.4 12.7 11.5 11.3
Change in Working Capital 8.4 (0.2) (6.4) 6.6 11.5 (2.2) 17.8 (9.8) (0.9) 16.7 (6.8) 24.3 (12.5) (6.7) (8.3) 11.3 1.2 (16.7) (1.1) (16.1) 3.1 8.1 (6.7) 3.8 (3.1) 6.3 (0.3) 3.7 8.1 (4.8) (3.2) (5.9) 7.5 (1.2) (8.5) 6.7 0.1 0.8 1.9 1.9
Other Non-Cash Items 0.3 17.3 0.2 (0.3) 0.0 (0.4) (0.1) 0.3 (0.1) (0.2) 0.6 (0.3) (1.2) (0.3) 0.0 0.0 0.0 (0.3) 0.6 0.2 0.5 0.2 0.0 (0.0) (0.2) (0.2) (0.1) (0.3) (0.0) 0.2 0.2 0.0 0.1 0.0 0.0 0.3 0.0 (0.0) 0.0 (0.1)
Operating Cash Flow 18.9 34.3 5.5 14.8 25.4 6.6 16.7 (15.0) (4.0) 7.9 (6.8) 22.0 5.1 6 (0.6) 33.6 20.6 8.3 14.4 (4.5) 12.5 13.1 (2.4) 7.6 4.1 21.9 8.1 5.3 14.0 3.5 6.9 0.1 25.1 26.6 10.6 23.0 32.3 43.0 22.5 15.6
Investing Activities
Capital Expenditure (4.6) (2.9) 4.6 (4.6) (4.2) (2.5) (2.6) (1.1) (1.9) (2.4) (5.4) (2.3) (2.0) (4.9) (3.4) (4.7) (3.4) (2.5) (1.8) (2.0) (3.4) (0.9) (0.2) (0.4) (0.4) (0.5) (0.4) (0.5) (0.6) (0.4) (1.3) (0.7) (1.3) (0.5) (0.9) (1.0) (0.6) (1.1) (0.5) (0.5)
Acquisitions 0 0 0 0 0 0 0 0 (4.7) (15.4) (5.6) 2.3 0 83.9 0 0.7 (307.0) 2.5 1.8 2.0 3.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (9.4) (18.6) (13.5) (21.0) (13.3) (49.1) (1.6) (6.7) 0.3 (0.3) (14.4) (19.8) (9.8) (84.7) (3.0) 0 0 (17.1) (44.5) (57.1) (44.4) (66.1) (60.1) (49.1) (64.9) (69.8) (55.6) (35.6) (68.0) (100.2) (30.7) (9.0) (21.1) (25.7) (21.0) (7.1) (42.6) (22.7) (14.4) (35.9)
Sales/Maturities of Investments 8.9 16.5 12.7 9.5 7.0 15.8 7.8 9.9 4.5 15.6 20.0 13.9 3.7 0.8 0 0 0 207.6 60.5 47.8 42.5 57.6 45.9 47.3 40.4 74.8 64.8 39.2 40.1 44.7 27.5 19.4 26.0 23.6 14.8 4.5 18.6 14.5 19.6 19.8
Other Investing Activities 0.6 (7.5) (8.7) 0 0 (6.2) 0 0 4.7 15.4 5.6 (2.3) 0 (83.9) 0 0 0 (2.5) (1.8) (2.0) (3.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow (4.4) (5.0) (4.9) (16.2) (10.5) (35.8) 3.6 2.1 2.8 13.0 0.2 (8.2) (8.1) (88.8) (6.4) (4.0) (310.5) 188.0 14.1 (11.2) (5.4) (9.4) (14.4) (2.2) (24.9) 4.5 8.7 3.1 (28.5) (55.9) (4.5) 9.7 3.6 (2.7) (7.0) (3.5) (24.6) (9.3) 4.7 (16.6)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 (1) 0 (1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1) 0 0 0 0 (3.5) (30.8) (45.0) (20.6) (3.3) (12.8) (29.9) (8.8) 0 0 (20.2) 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
Other Financing Activities (0.2) (1.9) (1.4) (3.2) (1.3) (1.3) (1.3) (3.2) (1.3) (1.4) (1.2) (2.2) 0 (2.0) (1.0) (1.9) (1.0) (1.0) (1.0) (1.9) (1.3) (1.5) (1.1) (1.2) (2.5) (0.9) (1.1) (1.0) (0.3) 0.2 1.1 0.9 0.3 0.0 0.9 1.6 1.8 3.2 1.5 0.9
Financing Cash Flow 2.5 2.0 0.9 (1.6) 2.5 2.4 1.8 (0.3) 2.4 0.4 1.4 0.4 3.8 0.7 1.2 (0.0) 3.2 3.0 2.3 2.0 8.6 1.2 0.9 (0.3) (0.1) 3.3 1.4 1.9 (3.8) (30.6) (43.9) (19.8) (3.0) (12.8) (29.0) (7.2) 1.8 3.2 (18.7) 0.9
Cash Position
Net Change in Cash 17.0 31.3 1.5 (2.9) 17.5 (26.8) 22.1 (13.1) 1.1 21.3 (5.2) 14.2 0.7 (82.1) (5.7) 29.6 (286.7) 199.4 30.9 (13.8) 15.8 4.9 (15.9) 5.2 (20.9) 29.6 18.2 10.4 (18.3) (82.9) (41.4) (10.0) 25.7 11.2 (25.4) 12.3 9.4 36.9 8.5 (0.1)
Cash at Beginning 174.5 143.2 141.7 144.6 127.1 153.9 131.8 144.9 143.8 122.5 127.7 113.5 112.8 195.0 200.6 171.1 457.8 258.4 227.5 241.3 225.5 220.7 236.6 231.4 252.3 222.7 204.5 194.1 212.3 295.3 336.7 346.7 320.9 309.7 335.2 322.9 313.5 276.5 268.0 268.1
Cash at End 191.5 174.5 143.2 141.7 144.6 127.1 153.9 131.8 144.9 143.8 122.5 127.7 113.5 112.8 195.0 200.6 171.1 457.8 258.4 227.5 241.3 225.5 220.7 236.6 231.4 252.3 222.7 204.5 194.1 212.3 295.3 336.7 346.7 320.9 309.7 335.2 322.9 313.5 276.5 268.0
Free Cash Flow 14.3 31.4 10.1 10.2 21.2 4.1 14.2 (16.1) (6.0) 5.5 (12.2) 19.7 3.1 1.1 (3.9) 28.9 17.1 5.9 12.6 (6.5) 9.1 12.2 (2.7) 7.2 3.7 21.4 7.6 4.8 13.4 3.1 5.6 (0.6) 23.8 26.1 9.7 22.1 31.6 41.9 22.0 15.1
Key Metrics 2026 Q4 2026 Q3 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 2017 Q4 2017 Q3 2017 Q2 2017 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 100.9 108.5 95.5 85.9 84.0 82.7 63.7 54.5 51.6 50.6 62.1 62.1 83.3 83.1 80.9 90.3 90.2 92.2 79.3 70.1 62.1 56.1 50.1 54.6 57.2 67.9 56.4 47.2 51.1 57.3 62.5 56.9 70.6 89.1 71.6 64.1 87.5 100.5 65.1 57.2 64.7 65.7 47.0 40.9 40.0 46.0 37.7 33.9 31.5 35.7 28.0 25.9 24.6 28.8 22.3 21.6
Gross Profit 58.2 65.3 56.2 51.5 50.4 50.0 38.7 33.2 30.9 30.0 38.5 37.5 49.6 51.7 51.1 56.5 57.3 57.6 49.4 43.8 37.8 34.8 31.0 32.0 33.3 39.1 32.4 27.9 30.7 34.6 38.0 34.9 45.4 56.6 44.8 41.0 58.5 66.3 43.5 36.7 41.4 41.6 30.5 25.6 25.6 29.3 23.3 21.7 19.9 23.0 19.3 18.4 16.8 18.7 14.8 14.5
Operating Income (19.6) (15.0) (22.0) (25.9) (25.4) (25.5) (36.3) (39.4) (41.7) (42.0) (35.3) (35.5) (23.4) (20.1) (20.2) (10.5) (12.3) (1.2) (6.0) (10.1) (14.0) (16.2) (15.3) (15.6) (13.8) (7.2) (10.4) (18.2) (14.4) (9.4) (6.7) (9.9) 1.4 15.1 5.3 2.6 20.1 29.7 9.3 1.3 17.1 18.7 10.2 5.9 5.7 10.1 6.9 5.2 3.6 7.6 5.8 2.9 2.1 5.7 1.1 2.4
Net Income (16.4) (15.1) (20.0) (24.3) (20.2) (24.1) (34.9) (37.9) (60.6) (41.7) (31.2) (35.9) (11.1) (19.8) (23.6) (10.8) (9.2) 0.8 (7.2) (10.8) (12.5) (17.1) (14.8) (15.5) (13.0) (4.3) (10.2) (17.3) (4.5) (9.0) (6.9) (10.0) 1.3 11.7 3.3 2.6 18.4 29.0 8.6 1.8 17.7 18.3 9.3 5.3 5.5 9.1 6.3 4.7 3.6 6.7 5.2 2.6 1.8 5.0 1.0 2.0
EPS (Diluted) -0.38 -0.35 -0.47 -0.58 -0.48 -0.58 -0.85 -0.93 -1.50 -1.04 -0.79 -0.91 -0.29 -0.51 -0.62 -0.29 -0.25 0.02 -0.20 -0.30 -0.35 -0.49 -0.43 -0.45 -0.39 -0.13 -0.31 -0.53 -0.14 -0.28 -0.21 -0.30 0.04 0.34 0.10 0.07 0.53 0.84 0.25 0.05 0.53 0.57 0.29 0.17 0.18 0.30 0.21 0.16 0.13 0.25 0.06 0.03 0.08 0.23 0.04 0.09
Balance Sheet
Cash & Equivalents 191.0 174.1 142.7 141.3 144.6 127.1 153.9 131.8 144.9 143.8 122.5 127.7 113.5 112.8 194.9 200.6 171.0 457.8 258.4 227.5 241.3 225.5 220.6 236.6 231.4 252.3 222.7 204.4 194.0 212.3 295.3 336.7 346.7 320.9 309.7 335.2 322.9 313.5 276.5 268.0
Total Assets 798.6 751.9 706.4 701.9 689.0 670.8 650.3 638.7 657.7 684.6 696.2 704.8 710.2 687.5 674.4 668.7 657.5 633.4 610.1 584.6 573.3 549.6 533.4 531.7 527.3 514.5 490.2 479.3 466.9 458.6 490.7 519.2 546.6 542.6 513.4 519.1 512.3 484.8 427.9 419.1
Total Debt 13.4 13.6 3.4 4.4 5.3 6.0 6.8 4.4 5.3 5.9 6.8 7.7 8.6 9.3 10.5 10.7 11.7 12.5 10.6 11.5 10.4 9.5 9.3 9.5 10.2 10.7 7.4 8.0 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 594.8 590.1 576.5 572.7 561.4 554.3 547.6 555.4 559.9 591.8 602.3 606.2 606.1 588.4 578.1 574.3 547.2 529.2 503.1 491.3 475.0 462.7 458.6 455.6 448.1 445.2 428.5 422.4 419.5 411.1 432.9 468.8 482.2 469.1 452.7 464.3 454.6 422.6 376.8 376.5
Cash Flow
Operating Cash Flow 18.9 34.3 5.5 14.8 25.4 6.6 16.7 (15.0) (4.0) 7.9 (6.8) 22.0 5.1 6 (0.6) 33.6 20.6 8.3 14.4 (4.5) 12.5 13.1 (2.4) 7.6 4.1 21.9 8.1 5.3 14.0 3.5 6.9 0.1 25.1 26.6 10.6 23.0 32.3 43.0 22.5 15.6
Capital Expenditure (4.6) (2.9) 4.6 (4.6) (4.2) (2.5) (2.6) (1.1) (1.9) (2.4) (5.4) (2.3) (2.0) (4.9) (3.4) (4.7) (3.4) (2.5) (1.8) (2.0) (3.4) (0.9) (0.2) (0.4) (0.4) (0.5) (0.4) (0.5) (0.6) (0.4) (1.3) (0.7) (1.3) (0.5) (0.9) (1.0) (0.6) (1.1) (0.5) (0.5)
Free Cash Flow 14.3 31.4 10.1 10.2 21.2 4.1 14.2 (16.1) (6.0) 5.5 (12.2) 19.7 3.1 1.1 (3.9) 28.9 17.1 5.9 12.6 (6.5) 9.1 12.2 (2.7) 7.2 3.7 21.4 7.6 4.8 13.4 3.1 5.6 (0.6) 23.8 26.1 9.7 22.1 31.6 41.9 22.0 15.1