ANNX - Annexon, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$10.50
DETAILS
HIGH:
$14.00
LOW:
$7.00
MEDIAN:
$10.50
CONSENSUS:
$10.50
UPSIDE:
107.10%
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 1.0 | 0.9 | 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 |
| Gross Profit | 0 | (1.0) | (0.9) | 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 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| R&D Expenses | 46.6 | 35.8 | 42.7 | 49.7 | 44.2 | 48.2 | 43.4 | 30.1 | 25.0 | 21.0 | 23.3 | 27.9 | 30.3 | 32.3 | 28.5 | 27.9 | 29.1 | 27.0 | 27.2 | 27.6 | 24.6 | 20.7 | 18.0 | 11.8 | 9.3 | 10.2 | 6.8 | 7.1 | 6.0 | 4.7 | 3.9 | 3.8 | 3.9 | 3.9 |
| SG&A Expenses | 10.6 | 10.3 | 8.2 | 7.3 | 7.0 | 9.2 | 6.5 | 9.3 | 7.9 | 7.6 | 6.7 | 6.9 | 7.0 | 8.9 | 8.2 | 8.2 | 8.3 | 8.4 | 10.2 | 8.1 | 6.8 | 5.5 | 5.2 | 3.8 | 3.0 | 2.2 | 2.3 | 2.0 | 2.2 | 1.4 | 1.0 | 0.8 | 0.9 | 0.9 |
| Other Expenses | 0 | (1.0) | (1.6) | 0 | 0.6 | 0 | 2.6 | 0 | 0.6 | 0 | 0 | 0 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 57.2 | 45.1 | 49.3 | 57.0 | 51.7 | 57.4 | 52.5 | 39.4 | 33.6 | 28.6 | 30.0 | 34.8 | 37.7 | 41.2 | 36.7 | 36.1 | 37.4 | 35.4 | 37.5 | 35.7 | 31.4 | 26.2 | 23.2 | 15.6 | 12.2 | 12.5 | 9.1 | 9.1 | 8.2 | 6.1 | 5.2 | 4.2 | 4.7 | 4.7 |
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (57.2) | (46.1) | (50.3) | (57.0) | (51.7) | (57.4) | (52.5) | (39.4) | (33.6) | (28.6) | (30.0) | (34.8) | (37.7) | (41.2) | (36.7) | (36.1) | (37.4) | (35.4) | (37.5) | (35.7) | (31.4) | (26.2) | (23.2) | (15.6) | (12.2) | (12.5) | (9.1) | (9.1) | (8.2) | (6.1) | (5.0) | (4.6) | (4.8) | (4.8) |
| 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 |
| Interest Income | 0 | 1.9 | (7.7) | 2.1 | 2.6 | 3.0 | 3.9 | 4.6 | 4.0 | 3.4 | 2.1 | 2.3 | 2.5 | 2.6 | 2.3 | 1.0 | 0.3 | 0.1 | 0 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||||||
| EBITDA | (54.8) | (43.2) | (47.3) | (54.4) | (48.5) | (53.8) | (48.1) | (34.3) | (29.0) | (24.6) | (27.4) | (31.9) | (34.7) | (38.1) | (33.9) | (34.5) | (36.6) | (34.9) | (36.9) | (35.0) | (30.8) | (25.7) | (22.9) | (15.5) | (12.1) | (12.3) | (9) | (8.9) | (8.1) | (6.0) | (4.9) | (4.5) | (4.6) | (4.6) |
| EBIT | (55.3) | (44.1) | (48.3) | (54.9) | (49.2) | (54.4) | (48.6) | (34.8) | (29.6) | (25.2) | (27.9) | (32.5) | (35.2) | (38.7) | (34.4) | (35.1) | (37.1) | (35.4) | (37.4) | (35.6) | (31.3) | (26.2) | (23.2) | (15.6) | (12.2) | (12.5) | (9.1) | (9.1) | (8.2) | (6.1) | (5.0) | (4.6) | (4.8) | (4.8) |
| Income Before Tax | (55.3) | (44.1) | (48.3) | (54.9) | (49.2) | (54.4) | (48.6) | (34.8) | (29.6) | (25.2) | (27.9) | (32.5) | (35.2) | (38.7) | (34.4) | (35.1) | (37.1) | (35.4) | (37.4) | (35.6) | (31.3) | (26.1) | (23.2) | (15.6) | (12.2) | (12.3) | (8.9) | (10.2) | (9.4) | (8.7) | (4.7) | (4.2) | (4.7) | (4.7) |
| 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 | (0.0) | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0 | 0.0 | 0 | 0.0 | 0.0 | 0.0 |
| Net Income | (55.3) | (44.1) | (48.3) | (54.9) | (49.2) | (54.4) | (48.6) | (34.8) | (29.6) | (25.2) | (27.9) | (32.5) | (35.2) | (38.7) | (34.4) | (35.1) | (37.1) | (35.4) | (37.4) | (35.6) | (31.3) | (26.1) | (23.2) | (15.6) | (12.2) | (12.3) | (8.9) | (10.2) | (9.4) | (8.7) | (4.8) | (4.2) | (4.8) | (4.8) |
| Per Share Data | ||||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.28 | -0.23 | -0.28 | -0.37 | -0.34 | -0.37 | -0.33 | -0.25 | -0.23 | -0.21 | -0.36 | -0.43 | -0.47 | -0.48 | -0.44 | -0.50 | -0.96 | -0.92 | -0.97 | -0.93 | -0.82 | -0.68 | -0.61 | -0.55 | -0.39 | -0.94 | -0.68 | -0.78 | -0.72 | -0.66 | -11.02 | -9.71 | -12.80 | -12.80 |
| EPS (Diluted) | -0.28 | -0.23 | -0.28 | -0.37 | -0.34 | -0.37 | -0.33 | -0.25 | -0.23 | -0.21 | -0.36 | -0.43 | -0.47 | -0.48 | -0.44 | -0.50 | -0.96 | -0.92 | -0.97 | -0.93 | -0.82 | -0.68 | -0.61 | -0.55 | -0.39 | -0.94 | -0.68 | -0.78 | -0.72 | -0.66 | -11.01 | -9.68 | -12.78 | -12.78 |
| Shares Outstanding | 201.0 | 194.2 | 155.1 | 149.1 | 148.3 | 148.1 | 147.8 | 139.9 | 130.1 | 122.7 | 78.2 | 75.3 | 75.2 | 73.9 | 72.4 | 68.7 | 38.6 | 38.6 | 38.5 | 38.3 | 38.3 | 38.2 | 38.2 | 28.5 | 31.3 | 13.1 | 13.1 | 13.1 | 13.1 | 13.1 | 0.4 | 0.4 | 0.4 | 0.4 |
| 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 | 199.3 | 175.2 | 162.1 | 139.4 | 132.3 | 97.1 | 49.5 | 79.5 | 157.3 | 151.9 | 225.1 | 133.2 | 113.6 | 144.1 | 140.0 | 210.7 | 104.6 | 112.8 | 74.8 | 68.5 | 99.6 | 206.7 | 268.6 | 370.7 | 124.8 | 33.3 | 43.9 | 53.7 | 31.5 | (44.2) | 44.2 | (3.0) |
| Short-Term Investments | 10.0 | 49.8 | 76.3 | 49.3 | 94.7 | 166.6 | 262.5 | 260.6 | 211.4 | 113.0 | 34.6 | 32.1 | 79.3 | 84.0 | 102.6 | 58.9 | 73.0 | 93.8 | 167.9 | 202.8 | 202.8 | 120.0 | 82.6 | 0 | 0 | 0 | 0 | 0 | 0 | 88.3 | 0 | 5.9 |
| Net Receivables | 0 | 0 | 0 | 0 | 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 | 0.1 | 0.2 | 0.2 | 0 | 0.2 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 Current Assets | 0 | 3.2 | 1.2 | 1.4 | 1.2 | 1.1 | 1.1 | 0.9 | 0 | 0.0 | 0.1 | 0.0 | 0.2 | 0.2 | 0.2 | 0.1 | 0.0 | 0.1 | 0.5 | 0.2 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.2 | 0 | 0 | 0 |
| Total Current Assets | 212.8 | 228.3 | 242.2 | 192.8 | 230.6 | 268.2 | 316.5 | 344.3 | 374.0 | 270.7 | 263.9 | 169.2 | 197.6 | 232.5 | 248.1 | 274.8 | 181.4 | 211.3 | 247.7 | 275.5 | 304.4 | 330.5 | 354.0 | 373.6 | 125.7 | 34.5 | 45.4 | 54.7 | 33.5 | 44.2 | 45.7 | 3.0 |
| Non-Current Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 24.0 | 24.9 | 25.8 | 26.7 | 27.6 | 28.5 | 29.3 | 30.2 | 31.1 | 31.9 | 32.8 | 33.6 | 34.4 | 35.2 | 36.0 | 36.7 | 37.3 | 37.9 | 38.2 | 32.9 | 26.2 | 1.4 | 1.9 | 2.0 | 2.0 | 2.0 | 2.1 | 2.2 | 2.1 | 0 | 2.3 | 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 | 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 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.0 | 0 | 0 | 0 | 0 | 1.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 9.3 | 9.7 | 9.6 | 9.6 | 6.3 | 6.3 | 4.3 | 4.3 | 1.0 | 0.4 | 1.0 | 1.0 | 1.0 | 1.0 | 0 | 1.2 | 2.0 | 1.4 | 1.2 | 1.8 | 1.2 | 1.2 | 0 | 0 | 3.4 | 3.0 | 2.4 | 1.7 | 0.1 | (44.2) | 0.1 | (3.0) |
| Total Non-Current Assets | 33.3 | 34.6 | 35.4 | 36.3 | 34.0 | 34.9 | 33.6 | 34.5 | 32.1 | 33.3 | 33.8 | 34.6 | 35.5 | 36.2 | 37.0 | 37.9 | 39.3 | 39.3 | 39.3 | 34.7 | 27.4 | 2.6 | 1.9 | 2.0 | 5.4 | 5.0 | 4.5 | 3.9 | 2.2 | (44.2) | 2.4 | (3.0) |
| Total Assets | 246.1 | 262.9 | 277.6 | 229.1 | 264.6 | 303.0 | 350.1 | 378.8 | 406.1 | 304.1 | 297.7 | 203.8 | 233.0 | 268.8 | 285.1 | 312.7 | 220.7 | 250.6 | 287.0 | 310.2 | 331.8 | 333.1 | 355.9 | 375.6 | 131.1 | 39.5 | 49.9 | 58.6 | 35.7 | 0 | 48.1 | 0 |
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Account Payables | 15.7 | 17.5 | 14.9 | 18.2 | 11.5 | 10.4 | 10.4 | 6.7 | 4.1 | 4.0 | 5.5 | 4.8 | 7.2 | 10.3 | 7.4 | 6.9 | 10.3 | 9.4 | 11.2 | 4.8 | 4.2 | 4.5 | 3.7 | 4.0 | 3.1 | 3.2 | 2.4 | 2.6 | 2.2 | 0 | 1.3 | 0 |
| Short-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 | 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 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 2.7 | 8.0 | 6.4 | 4.3 | 2.4 | 6.0 | 0 | 0.0 | 0.1 | 5.6 | 0.2 | 0.2 | 0.4 | 0.2 | 0.2 | 0.2 | 0.8 | 2.1 | 2.8 | 0 | 4.6 | 2.9 | 0.4 | 0.4 | 0.4 | 0.4 | 1.7 | 1.2 | 0 | 0.3 | 0 |
| Total Current Liabilities | 38.5 | 35.9 | 42.6 | 43.6 | 40.6 | 33.5 | 30.5 | 20.0 | 17.1 | 13.1 | 17.9 | 17.2 | 17.9 | 22.9 | 22.4 | 20.2 | 20.3 | 17.1 | 21.7 | 11.9 | 10.3 | 10.7 | 10.6 | 9.0 | 12.7 | 6.3 | 4.9 | 5.1 | 3.9 | 0 | 3.3 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 9.5 | 0 | 107.2 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0.9 | 1.0 | 1.1 | 1.2 | 1.3 | 1.4 | 0 | 1.6 | 0 | (100.3) | 0 |
| Total Non-Current Liabilities | 21.5 | 22.4 | 23.3 | 24.1 | 24.9 | 25.7 | 26.5 | 27.2 | 27.9 | 28.5 | 29.2 | 29.8 | 30.4 | 31.0 | 31.5 | 31.9 | 32.4 | 32.9 | 33.4 | 33.8 | 26.2 | 0.9 | 1.0 | 1.1 | 1.2 | 1.3 | 1.4 | 0 | 11.1 | 0 | 6.9 | 0 |
| Total Liabilities | 60.0 | 58.4 | 65.9 | 67.7 | 65.6 | 59.2 | 57.0 | 47.2 | 45.0 | 41.7 | 47.1 | 47.0 | 48.3 | 53.9 | 53.9 | 52.1 | 52.7 | 50.0 | 55.1 | 45.7 | 36.4 | 11.6 | 11.7 | 10.1 | 13.9 | 7.7 | 6.4 | 5.1 | 15.0 | 0 | 10.3 | 0 |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Common Stock | 0.2 | 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0 | 0.0 | 0 |
| Retained Earnings | (1,016.9) | (961.5) | (917.4) | (869.1) | (814.2) | (765.1) | (710.7) | (662.1) | (627.3) | (597.7) | (572.5) | (544.6) | (512.1) | (476.9) | (438.3) | (403.9) | (368.8) | (331.7) | (296.3) | (258.9) | (223.3) | (192.0) | (166.0) | (142.8) | (127.2) | (114.9) | (102.6) | (93.6) | (83.5) | 0 | (65.4) | 0 |
| Accumulated Other Comprehensive Income | (0.1) | (0.1) | (0.0) | (0.1) | (0.1) | (0.1) | 0.0 | 0.1 | (0.1) | (0.1) | (0.1) | (0.1) | (0.2) | (0.2) | (0.4) | (0.4) | (0.4) | (0.4) | (0.2) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (64.2) | (0.1) | (46.2) |
| Total Stockholders' Equity | 186.1 | 204.5 | 211.6 | 161.4 | 199.0 | 243.8 | 293.1 | 331.6 | 361.1 | 262.4 | 250.6 | 156.8 | 184.7 | 214.9 | 231.2 | 260.6 | 168.0 | 200.6 | 231.9 | 264.5 | 295.3 | 321.5 | 344.3 | 365.5 | 117.2 | 31.8 | 43.5 | 51.9 | 20.7 | 37.9 | 37.9 | 2.8 |
| Total Liabilities & Equity | 246.1 | 262.9 | 277.6 | 229.1 | 264.6 | 303.0 | 350.1 | 378.8 | 406.1 | 304.1 | 297.7 | 203.8 | 233.0 | 268.8 | 285.1 | 312.7 | 220.7 | 250.6 | 287.0 | 310.2 | 331.8 | 333.1 | 355.9 | 375.6 | 131.1 | 39.5 | 49.9 | 57.1 | 35.7 | 37.9 | 48.1 | 2.8 |
| Debt Metrics | ||||||||||||||||||||||||||||||||
| Total Debt | 24.7 | 25.4 | 26.2 | 26.9 | 27.6 | 28.3 | 29.0 | 29.6 | 30.2 | 30.8 | 31.4 | 31.5 | 32.0 | 32.5 | 32.9 | 33.7 | 34.1 | 34.2 | 34.6 | 33.8 | 26.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.5 | 0 | 107.2 | 0 |
| Net Debt | (174.6) | (149.8) | (135.8) | (112.5) | (104.7) | (68.8) | (20.5) | (49.9) | (127.1) | (121.2) | (193.8) | (101.7) | (81.6) | (111.6) | (107.2) | (177.0) | (70.5) | (78.7) | (40.3) | (34.7) | (73.2) | (206.7) | (268.6) | (370.7) | (124.8) | (33.3) | (43.9) | (53.7) | (22.0) | 44.2 | 63.0 | 3.0 |
| 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 | (55.3) | (44.1) | (48.3) | (54.9) | (49.2) | (54.4) | (48.6) | (34.8) | (29.6) | (25.2) | (27.9) | (32.5) | (35.2) | (38.7) | (34.4) | (35.1) | (37.1) | (35.4) | (37.4) | (35.6) | (31.3) | (26.1) | (23.2) | (15.6) | (12.2) | (12.3) | (8.9) | (10.2) | (9.4) | (8.7) | (4.7) | (4.2) | (4.7) | (4.7) |
| Depreciation & Amortization | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.5 | 0.5 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Stock-Based Compensation | 4.8 | 4.2 | 3.3 | 3.8 | 4.2 | 5.1 | 5.2 | 4.6 | 4.9 | 4.7 | 4.4 | 4.5 | 4.7 | 4.6 | 4.8 | 4.9 | 4.5 | 4.3 | 4.4 | 4.4 | 4.5 | 3.0 | 2.0 | 1.5 | 0.8 | 0.7 | 0.5 | 0.6 | 0.4 | 0.5 | 0.1 | 0.1 | 0.1 | 0.1 |
| Change in Working Capital | 12.6 | (7.1) | (1.5) | (1.7) | 7.2 | 0.2 | 9.5 | 0.4 | 3.9 | (7.5) | (0.5) | (0.6) | (5.9) | 1.2 | 1.8 | (1.2) | 3.5 | (0.3) | 3.5 | 0.0 | 0.9 | (1.2) | 1.6 | 0.5 | 1.1 | 1.5 | (0.5) | 1.2 | 0.6 | (0.7) | 0.1 | 0.4 | 0.1 | 0.1 |
| Other Non-Cash Items | (10.6) | (0.2) | (0.0) | (0.1) | (0.9) | (1.5) | (2.7) | (2.8) | (1.5) | (0.8) | 0.0 | (0.3) | (0.5) | (0.6) | 0.1 | 0.1 | 0.5 | 0.6 | 0.7 | 0.9 | 0.7 | 0.3 | 0.1 | 0 | 0 | 0 | 0 | 1.3 | 1.6 | 2.8 | (0.5) | 0.3 | (0.1) | (0.1) |
| Operating Cash Flow | (48.0) | (46.8) | (45.9) | (52.3) | (38.1) | (50.1) | (36.0) | (32.0) | (21.7) | (28.3) | (23.5) | (28.3) | (36.4) | (33.0) | (27.1) | (30.7) | (28.2) | (30.3) | (28.3) | (29.7) | (24.7) | (23.4) | (19.3) | (13.6) | (10.2) | (10.0) | (8.8) | (6.9) | (6.7) | (6.0) | (4.9) | (3.3) | (4.5) | (4.5) |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditure | (0.1) | 0 | 0 | (0.0) | (0.0) | (0.1) | (0.0) | (0.0) | 0 | 0 | (0.0) | (0.0) | (0.0) | (0.1) | (0.3) | (0.2) | (0.9) | (5.2) | (0.9) | (0.8) | 0 | (0.0) | (0.2) | (0.3) | (0.0) | 0 | (0.1) | (0.1) | (0.0) | 0 | 0.0 | (0.0) | (0.0) | (0.0) |
| 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 | (9.9) | (5.9) | (65.0) | (26.7) | (58.7) | (61.8) | (172.0) | (145.7) | (165.9) | (100.3) | (24.5) | (13.7) | (38.4) | (31.4) | (66.8) | (18.7) | (21.7) | (5.9) | (34.5) | (31.5) | (117.1) | (42.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 50 | 33 | 38.5 | 72.6 | 131.8 | 159.5 | 173.1 | 99.8 | 69.3 | 23 | 22.3 | 61.6 | 44.0 | 51.1 | 23.5 | 33.0 | 42.3 | 79.4 | 69.0 | 31.0 | 34.0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | (82.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 40.0 | 27.1 | (26.5) | 45.9 | 73.1 | 97.6 | 1.0 | (45.9) | (96.6) | (77.3) | (2.2) | 47.8 | 5.5 | 19.5 | (43.6) | 14.1 | 19.7 | 68.3 | 33.7 | (1.3) | (83.1) | (37.6) | (82.9) | (0.3) | (0.0) | 0 | (0.1) | (0.1) | (0.0) | 0 | 0.0 | (0.0) | (0.0) | (0.0) |
| 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 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | (1.1) | 0 | (1.0) | (0.6) | 0 | 0 | 0.3 | 0 | (0.5) | (0.7) | (0.4) | 0.5 | 0 | (0.4) | 0 | 0 | 0 | 0 | 0.4 | (0.4) | 0 | 0 | 0 | 265.0 | 0 | 0 | (0.8) | (0.8) | 0 | 0.0 | 44.8 | 0 | 6.8 | 6.8 |
| Financing Cash Flow | 32.1 | 32.9 | 95.1 | 13.6 | 0.2 | 0.1 | 5.0 | 0.2 | 123.7 | 32.4 | 117.6 | 0 | 0.3 | 17.6 | 0.1 | 122.7 | 0.1 | 0.0 | 0.9 | (0.1) | 0.7 | 0.3 | 0 | 259.8 | 101.7 | (0.6) | (0.8) | 29.2 | 0 | 0.0 | 44.8 | 0 | 6.8 | 6.8 |
| Cash Position | ||||||||||||||||||||||||||||||||||
| Net Change in Cash | 24.1 | 13.2 | 22.6 | 7.1 | 35.2 | 47.6 | (30.0) | (77.8) | 5.4 | (73.2) | 92.0 | 19.5 | (30.5) | 4.1 | (70.6) | 106.0 | (8.2) | 38.0 | 6.3 | (31.1) | (107.1) | (61.9) | (102.1) | 245.9 | 91.4 | (10.6) | (9.7) | 22.2 | (6.7) | (6.0) | 39.9 | (3.3) | 2.3 | 2.3 |
| Cash at Beginning | 176.2 | 163.1 | 140.4 | 133.3 | 98.2 | 50.5 | 80.6 | 158.3 | 151.9 | 226.1 | 133.2 | 114.6 | 144.1 | 141.1 | 210.7 | 104.6 | 112.8 | 74.8 | 68.5 | 99.6 | 206.7 | 268.6 | 370.7 | 124.8 | 33.3 | 43.9 | 53.7 | 31.5 | 38.2 | 44.2 | 4.3 | 7.6 | 5.3 | 0 |
| Cash at End | 200.3 | 176.2 | 163.1 | 140.5 | 133.3 | 98.2 | 50.5 | 80.6 | 157.3 | 153.0 | 225.1 | 134.2 | 113.6 | 145.2 | 140.0 | 210.7 | 104.6 | 112.8 | 74.8 | 68.5 | 99.6 | 206.7 | 268.6 | 370.7 | 124.8 | 33.3 | 43.9 | 53.7 | 31.5 | 38.2 | 44.2 | 4.3 | 7.6 | 2.3 |
| Free Cash Flow | (48.1) | (46.8) | (45.9) | (52.4) | (38.1) | (50.1) | (36.0) | (32.0) | (21.7) | (28.3) | (23.5) | (28.3) | (36.4) | (33.1) | (27.4) | (30.9) | (29.0) | (35.5) | (29.2) | (30.5) | (24.7) | (23.5) | (19.4) | (13.9) | (10.3) | (10.0) | (8.9) | (7.0) | (6.7) | (6.0) | (4.9) | (3.3) | (4.5) | (4.5) |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | (1.0) | (0.9) | 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 |
| Operating Income | (57.2) | (46.1) | (50.3) | (57.0) | (51.7) | (57.4) | (52.5) | (39.4) | (33.6) | (28.6) | (30.0) | (34.8) | (37.7) | (41.2) | (36.7) | (36.1) | (37.4) | (35.4) | (37.5) | (35.7) | (31.4) | (26.2) | (23.2) | (15.6) | (12.2) | (12.5) | (9.1) | (9.1) | (8.2) | (6.1) | (5.0) | (4.6) | (4.8) | (4.8) |
| Net Income | (55.3) | (44.1) | (48.3) | (54.9) | (49.2) | (54.4) | (48.6) | (34.8) | (29.6) | (25.2) | (27.9) | (32.5) | (35.2) | (38.7) | (34.4) | (35.1) | (37.1) | (35.4) | (37.4) | (35.6) | (31.3) | (26.1) | (23.2) | (15.6) | (12.2) | (12.3) | (8.9) | (10.2) | (9.4) | (8.7) | (4.8) | (4.2) | (4.8) | (4.8) |
| EPS (Diluted) | -0.28 | -0.23 | -0.28 | -0.37 | -0.34 | -0.37 | -0.33 | -0.25 | -0.23 | -0.21 | -0.36 | -0.43 | -0.47 | -0.48 | -0.44 | -0.50 | -0.96 | -0.92 | -0.97 | -0.93 | -0.82 | -0.68 | -0.61 | -0.55 | -0.39 | -0.94 | -0.68 | -0.78 | -0.72 | -0.66 | -11.01 | -9.68 | -12.78 | -12.78 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 199.3 | 175.2 | 162.1 | 139.4 | 132.3 | 97.1 | 49.5 | 79.5 | 157.3 | 151.9 | 225.1 | 133.2 | 113.6 | 144.1 | 140.0 | 210.7 | 104.6 | 112.8 | 74.8 | 68.5 | 99.6 | 206.7 | 268.6 | 370.7 | 124.8 | 33.3 | 43.9 | 53.7 | 31.5 | (44.2) | 44.2 | (3.0) | ||
| Total Assets | 246.1 | 262.9 | 277.6 | 229.1 | 264.6 | 303.0 | 350.1 | 378.8 | 406.1 | 304.1 | 297.7 | 203.8 | 233.0 | 268.8 | 285.1 | 312.7 | 220.7 | 250.6 | 287.0 | 310.2 | 331.8 | 333.1 | 355.9 | 375.6 | 131.1 | 39.5 | 49.9 | 58.6 | 35.7 | 0 | 48.1 | 0 | ||
| Total Debt | 24.7 | 25.4 | 26.2 | 26.9 | 27.6 | 28.3 | 29.0 | 29.6 | 30.2 | 30.8 | 31.4 | 31.5 | 32.0 | 32.5 | 32.9 | 33.7 | 34.1 | 34.2 | 34.6 | 33.8 | 26.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.5 | 0 | 107.2 | 0 | ||
| Stockholders' Equity | 186.1 | 204.5 | 211.6 | 161.4 | 199.0 | 243.8 | 293.1 | 331.6 | 361.1 | 262.4 | 250.6 | 156.8 | 184.7 | 214.9 | 231.2 | 260.6 | 168.0 | 200.6 | 231.9 | 264.5 | 295.3 | 321.5 | 344.3 | 365.5 | 117.2 | 31.8 | 43.5 | 51.9 | 20.7 | 37.9 | 37.9 | 2.8 | ||
| Cash Flow | ||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (48.0) | (46.8) | (45.9) | (52.3) | (38.1) | (50.1) | (36.0) | (32.0) | (21.7) | (28.3) | (23.5) | (28.3) | (36.4) | (33.0) | (27.1) | (30.7) | (28.2) | (30.3) | (28.3) | (29.7) | (24.7) | (23.4) | (19.3) | (13.6) | (10.2) | (10.0) | (8.8) | (6.9) | (6.7) | (6.0) | (4.9) | (3.3) | (4.5) | (4.5) |
| Capital Expenditure | (0.1) | 0 | 0 | (0.0) | (0.0) | (0.1) | (0.0) | (0.0) | 0 | 0 | (0.0) | (0.0) | (0.0) | (0.1) | (0.3) | (0.2) | (0.9) | (5.2) | (0.9) | (0.8) | 0 | (0.0) | (0.2) | (0.3) | (0.0) | 0 | (0.1) | (0.1) | (0.0) | 0 | 0.0 | (0.0) | (0.0) | (0.0) |
| Free Cash Flow | (48.1) | (46.8) | (45.9) | (52.4) | (38.1) | (50.1) | (36.0) | (32.0) | (21.7) | (28.3) | (23.5) | (28.3) | (36.4) | (33.1) | (27.4) | (30.9) | (29.0) | (35.5) | (29.2) | (30.5) | (24.7) | (23.5) | (19.4) | (13.9) | (10.3) | (10.0) | (8.9) | (7.0) | (6.7) | (6.0) | (4.9) | (3.3) | (4.5) | (4.5) |