APLD - Applied Digital Corp.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$61.20
DETAILS
HIGH:
$90.00
LOW:
$22.00
MEDIAN:
$67.50
CONSENSUS:
$61.20
UPSIDE:
211.53%
| Metric | 2027 Q1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Revenue | 341.9 | 258.7 | 126.6 | 126.6 | 64.2 | 51.1 | 52.9 | 63.9 | 60.7 | 14.7 | 43.3 | 42.2 | 36.3 | 22.0 | 14.1 | 12.3 | 6.9 | 7.5 | 1.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 289.6 | 218.2 | 72.8 | 100.6 | 55.6 | 54.2 | 49.1 | 52.4 | 61.1 | 6.0 | 47.1 | 29.2 | 24.4 | 14.9 | 10.5 | 12.5 | 6.4 | 7.5 | 2.1 | 0.2 | 0.0 | 0 | 0.0 | 0 | 0 |
| Gross Profit | 52.3 | 40.5 | 53.8 | 26.0 | 8.6 | (3.1) | 3.8 | 11.5 | (0.4) | 8.8 | (3.7) | 13.0 | 11.9 | 7.1 | 3.6 | (0.2) | 0.5 | 0.1 | (1.1) | (0.2) | (0.0) | 0 | (0.0) | 0 | 0 |
| Operating Expenses | |||||||||||||||||||||||||
| R&D 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 |
| SG&A Expenses | 114.7 | 157.6 | 79.7 | 57.0 | 29.2 | 41.0 | 22.7 | 29.8 | 14.3 | (23.1) | 30.0 | 21.1 | 17.1 | 13.3 | 10.5 | 26.5 | 4.7 | 4.3 | 1.4 | 1.2 | 13.0 | 0.3 | 0 | 0 | 0 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | (0.0) | 0 | 0.3 | (24.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | (0.0) | 0 | 0 |
| Operating Expenses | 114.7 | 157.6 | 79.7 | 57.0 | 29.2 | 41.0 | 22.7 | 30.1 | (9.8) | (23.1) | 30.0 | 21.1 | 17.1 | 13.3 | 10.5 | 26.5 | 4.7 | 4.3 | 1.4 | 1.2 | 13.0 | 0.3 | (0.0) | 0 | 0 |
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (62.4) | (117.0) | (25.9) | (31.0) | (20.5) | (44.1) | (18.9) | (18.6) | 9.5 | 31.9 | (33.7) | (8.1) | (5.1) | (6.2) | (7.0) | (26.7) | (4.2) | (4.3) | (2.4) | (1.4) | (13.0) | (0.3) | 0 | 0 | 0 |
| Interest Expense | 77.4 | 10.6 | 0 | 11.5 | 3.9 | 8.5 | 8.9 | 7.5 | 7.3 | 9.4 | 4.8 | 2.4 | 2.1 | 0.9 | 0.4 | 0.4 | 0.4 | 0.1 | 0 | 0 | 0 | 0.0 | 0.1 | 0.1 | 0.1 |
| Interest Income | 35.8 | 0 | 2.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||
| EBITDA | (46.8) | (83.2) | (5.1) | (6.5) | (18.1) | (25.7) | (7.8) | (104.8) | 37.4 | 86.8 | (31.7) | 5.2 | (1.9) | (3.6) | (4.9) | (25.1) | (3.1) | (3.3) | (2.3) | (1.2) | (14.3) | (0.3) | 0 | 0 | 0 |
| EBIT | (88.7) | (117.0) | (25.9) | (15.1) | (22.3) | (44.1) | (26.5) | (131.2) | 3.1 | 20.4 | (58.1) | (8.2) | (9.8) | (6.2) | (7.0) | (26.7) | (4.3) | (4.3) | (2.3) | (1.4) | (14.3) | (0.3) | 0 | 0 | 0 |
| Income Before Tax | (166.1) | (79.6) | (70.6) | (26.5) | (26.2) | (52.6) | (35.4) | (138.7) | (4.2) | 10.9 | (62.8) | (10.5) | (11.9) | (7.1) | (7.3) | (27.1) | (4.6) | (4.4) | (2.3) | (1.4) | (14.3) | (0.3) | (0.1) | (0.1) | (0.1) |
| Income Tax Expense | 1.9 | 1.8 | (0.0) | 0.0 | 0.0 | (0.0) | 0.1 | 0.0 | 0 | 0.1 | 0 | 0 | 0 | (0.2) | 0 | (0.3) | 0.0 | 0.3 | 0.1 | 0.2 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (235.5) | (110.0) | (99.3) | (17.5) | (16.9) | (52.5) | (35.6) | (138.7) | (4.2) | (64.5) | (62.8) | (10.5) | (11.5) | (6.5) | (7.0) | (26.6) | (4.5) | (2.8) | (6.4) | (0.2) | (14.1) | (0.3) | (0.1) | (0.1) | (0.1) |
| Per Share Data | |||||||||||||||||||||||||
| EPS (Basic) | -0.82 | -0.39 | -0.36 | -0.07 | -0.07 | -0.24 | -0.16 | -0.66 | -0.03 | -0.58 | -0.52 | -0.10 | -0.11 | -0.07 | -0.07 | -0.28 | -0.05 | -0.06 | -0.12 | -0.00 | -0.31 | -0.04 | -0.05 | -0.05 | -0.05 |
| EPS (Diluted) | -0.82 | -0.39 | -0.36 | -0.07 | -0.07 | -0.24 | -0.16 | -0.66 | -0.03 | -0.58 | -0.52 | -0.10 | -0.11 | -0.07 | -0.07 | -0.28 | -0.05 | -0.06 | -0.12 | -0.00 | -0.31 | -0.04 | -0.05 | -0.05 | -0.05 |
| Shares Outstanding | 291.6 | 285.7 | 282.0 | 277.4 | 255.9 | 201.2 | 222.5 | 209.6 | 149.0 | 114.1 | 121.4 | 109.7 | 100.5 | 94.0 | 94.1 | 93.4 | 93.1 | 57.1 | 53.4 | 53.4 | 44.9 | 8.9 | 1.5 | 1.5 | 1.5 |
| Metric | 2027 Q1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||
| Cash & Cash Equivalents | 2,949.9 | 1,592.0 | 1,730.4 | 1,913.4 | 73.9 | 41.6 | 68.7 | 286.2 | 58.2 | 3.3 | 4.4 | 9.2 | 5.9 | 29.0 | 22.9 | 10.5 | 33.3 | 38.8 | 12.0 | 14.0 | 28.9 | 11.8 |
| 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 |
| Net Receivables | 173.4 | 56.3 | 20.8 | 16.8 | 31.5 | 3.0 | 14.6 | 12.3 | 2.3 | 3.8 | 0.2 | 0.3 | 0.0 | 0.1 | 0.1 | 0.3 | 0.1 | 0.2 | 1.0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.3 | 0 | 0 | 0 | 7.5 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 929.4 | 3,014.6 | 677.1 | 524.7 | 361.0 | 386.0 | 190.9 | 29.8 | 23.6 | 397.0 | 94.9 | 26.9 | 2.3 | 16.7 | 1.4 | 7.6 | 1.5 | (0.1) | 5.7 | 0 | 0.4 | 0.0 |
| Total Current Assets | 4,082.4 | 4,662.9 | 2,428.3 | 2,717.3 | 641.7 | 430.6 | 274.3 | 328.4 | 84.1 | 404.1 | 105.7 | 36.5 | 33.5 | 45.8 | 24.4 | 20.7 | 42.4 | 40.4 | 18.7 | 15.7 | 29.5 | 11.8 |
| Non-Current Assets | ||||||||||||||||||||||
| Property, Plant & Equipment | 6,512.5 | 4,435.7 | 3,224.8 | 2,017.0 | 1,479.5 | 1,294.6 | 1,390.8 | 1,174.7 | 826.0 | 339.4 | 496.2 | 427.1 | 289.5 | 211.2 | 180.2 | 145.2 | 102.1 | 70.7 | 44.8 | 11.3 | 20.1 | 3.3 |
| Goodwill | 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 |
| Long-Term Investments | 7.8 | 0 | 0 | 39.0 | 6.1 | 7 | 0 | 0 | 0 | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1,104.4 | 830.7 | 593.7 | 456.1 | 271.7 | 137.9 | 42.2 | 40.1 | 27.6 | 18.1 | 41.2 | 17.1 | 26.1 | 1.4 | 3.0 | 1.4 | 1.4 | 8.9 | 0 | 26.5 | 0.8 | 0 |
| Total Non-Current Assets | 7,624.8 | 5,266.5 | 3,818.5 | 2,512.0 | 1,757.3 | 1,439.5 | 1,433.1 | 1,214.8 | 853.6 | 358.7 | 537.5 | 444.2 | 315.6 | 218.2 | 183.2 | 146.7 | 103.5 | 79.6 | 44.8 | 37.9 | 20.8 | 3.3 |
| Total Assets | 11,707.2 | 9,929.3 | 6,246.8 | 5,229.3 | 2,399.0 | 1,870.1 | 1,707.3 | 1,543.2 | 937.7 | 762.9 | 643.2 | 480.7 | 349.2 | 264.0 | 207.6 | 167.4 | 145.9 | 120.0 | 63.5 | 53.5 | 50.4 | 15.1 |
| Current Liabilities | ||||||||||||||||||||||
| Account Payables | 336.9 | 395.5 | 377.4 | 92.9 | 172.8 | 247.5 | 170.5 | 192.0 | 140.3 | 104.5 | 93.9 | 38.3 | 16.2 | 6.4 | 14 | 7.5 | 0 | 13.3 | 13.0 | 5.3 | 4.8 | 0.2 |
| Short-Term Debt | 112.6 | 16.4 | 98.2 | 12.6 | 382.1 | 10.3 | 10.1 | 11.3 | 37.4 | 45.9 | 19.3 | 9.3 | 9.2 | 8.0 | 4.9 | 4.1 | 2.6 | 1.3 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 39.2 | 0 | 16.8 | 46.2 | 17.4 | 16.1 | 21.0 | 22.3 | 30.5 | 23.6 | 100.6 | 92.6 | 88.2 | 85.1 | 84.0 | 54.1 | 31.3 | 13.4 | 9.6 | 1.0 | 0 | 0 |
| Other Current Liabilities | 191.5 | 444.2 | 80.7 | 199.6 | 214.6 | 240.3 | 0.2 | 0.1 | 0.1 | 336.5 | 8.3 | 0 | 0 | 0 | 0 | 0 | 13.5 | 0 | 0.0 | 0.0 | 0.0 | 0.1 |
| Total Current Liabilities | 1,593.2 | 1,162.9 | 1,019.3 | 563.4 | 985.5 | 558.1 | 393.6 | 424.4 | 386.7 | 554.1 | 349.2 | 202.4 | 151.7 | 115.5 | 108.6 | 70.2 | 48.7 | 29.0 | 22.8 | 6.5 | 5.0 | 2.5 |
| Non-Current Liabilities | ||||||||||||||||||||||
| Long-Term Debt | 6,263.9 | 4,959.5 | 2,660.1 | 2,594.0 | 305.3 | 678.2 | 679.0 | 468.2 | 106.2 | 79.5 | 42.5 | 33.5 | 34.9 | 68.5 | 18.9 | 16.4 | 12.1 | 5.9 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.6 | 0.3 | 0.3 | 0.6 | 0.5 | 0.3 | 0.2 | 0 | 0 |
| Other Non-Current Liabilities | 5.4 | 5.5 | 0 | 105.2 | 63.7 | 0 | 0 | 55.8 | 55.3 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 48.0 | 41.4 | 45.0 | 15.1 |
| Total Non-Current Liabilities | 6,313.6 | 5,022.9 | 2,660.1 | 2,699.3 | 369.2 | 678.2 | 815.9 | 684.2 | 309.2 | 83.9 | 175.5 | 122.6 | 69.5 | 78.8 | 27.6 | 25.3 | 20.4 | 11.7 | 49.3 | 47.9 | 46.1 | 15.1 |
| Total Liabilities | 7,906.8 | 6,185.7 | 3,679.4 | 3,262.7 | 1,354.7 | 1,236.4 | 1,209.5 | 1,108.6 | 695.9 | 638.0 | 524.7 | 325.0 | 221.2 | 194.3 | 136.2 | 95.5 | 69.0 | 40.7 | 72.1 | 54.5 | 51.1 | 17.6 |
| Stockholders' Equity | ||||||||||||||||||||||
| Common Stock | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | 3.1 | 0.0 |
| Retained Earnings | (837.8) | (662.3) | (583.1) | (512.4) | (498.0) | (481.1) | (428.5) | (393.0) | (254.3) | (250.0) | (185.5) | (122.7) | (112.2) | (100.7) | (94.2) | (87.2) | (60.6) | (56.1) | (52.5) | (44.8) | (44.7) | (21.6) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (15.5) | 0 | 0 | 0 |
| Total Stockholders' Equity | 1,783.8 | 1,780.2 | 1,581.2 | 1,449.6 | 1,044.3 | 633.7 | 497.9 | 434.6 | 241.8 | 124.8 | 118.5 | 155.7 | 127.9 | 59.5 | 60.9 | 63.5 | 68.3 | 72.3 | (8.6) | (0.9) | (0.8) | (2.6) |
| Total Liabilities & Equity | 11,707.2 | 9,929.3 | 6,246.8 | 5,229.3 | 2,399.0 | 1,870.1 | 1,707.3 | 1,543.2 | 937.7 | 762.9 | 643.2 | 480.7 | 349.2 | 264.0 | 207.6 | 167.4 | 145.9 | 120.0 | 63.5 | 53.5 | 50.4 | 15.1 |
| Debt Metrics | ||||||||||||||||||||||
| Total Debt | 6,483.4 | 5,099.9 | 2,827.5 | 2,608.7 | 700.2 | 702.9 | 993.7 | 799.4 | 425.8 | 135.7 | 294.3 | 183.5 | 104.0 | 91.8 | 36.4 | 32.8 | 21.7 | 13.5 | 1.2 | 1.2 | 1.3 | 2.1 |
| Net Debt | 3,533.5 | 3,507.9 | 1,097.0 | 695.2 | 626.3 | 661.3 | 924.9 | 513.2 | 367.6 | 132.4 | 289.9 | 174.3 | 98.0 | 62.8 | 13.5 | 22.3 | (11.6) | (25.3) | (10.7) | (12.8) | (27.7) | (9.6) |
| Metric | 2027 Q1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||
| Net Income | (184.1) | (94.8) | (67.5) | (17.5) | (16.9) | (52.5) | (35.6) | (138.7) | (4.2) | (64.5) | (62.8) | (10.5) | (11.9) | (6.9) | (7.3) | (26.8) | (4.7) | (4.6) | (1.9) | (1.6) | (14.3) | (0.3) | (0.1) | (0.1) | (0.1) |
| Depreciation & Amortization | 41.9 | 33.8 | 20.8 | 8.6 | 4.2 | 18.4 | 18.8 | 26.4 | 34.3 | 66.5 | 26.4 | 13.4 | 7.9 | 2.6 | 2.1 | 1.6 | 1.1 | 1.0 | 0.1 | 0.2 | 0.0 | 0.0 | 0 | 0 | 0 |
| Stock-Based Compensation | 66.5 | 125.4 | 50.1 | 29.1 | 15.5 | 12.5 | 9.7 | 3.5 | (2.9) | 3.7 | 3.2 | 4.8 | 5.6 | 5.2 | 4.5 | 21.8 | 0.6 | 0 | 0 | 0 | 12.3 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 52.2 | 186.4 | (61.2) | (36.0) | (96.7) | 22.3 | (12.2) | (63.8) | (95.7) | (31.9) | 40.8 | (5.7) | (2.2) | 3.7 | 26.9 | 14.4 | 20.1 | 9.6 | 3.6 | 4.8 | (1.2) | 0.0 | 0.1 | 0.1 | 0.1 |
| Other Non-Cash Items | 87.4 | (118.3) | 112.7 | (0.0) | 12.0 | 6.2 | 25.2 | 120.3 | (7.3) | (8.0) | 28.7 | 2.5 | 5.1 | 0.2 | 0.1 | 0 | 0.1 | (11.2) | 0.1 | 0.2 | 1.7 | 0.2 | 0 | 0 | 0 |
| Operating Cash Flow | 63.9 | 132.5 | 55.0 | (15.8) | (82.0) | 6.9 | 5.9 | (52.3) | (75.9) | (34.1) | 36.3 | 4.5 | 4.5 | 4.6 | 26.2 | 10.7 | 17.3 | (5.0) | 1.9 | 3.8 | (1.4) | (0.1) | 0 | 0 | 0 |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditure | (2,074.7) | (1,289.1) | (775.2) | (552.1) | (249.4) | (198.3) | (257.5) | (171.0) | (54.8) | (54.8) | (38.6) | (13.2) | (32.6) | (35.1) | (25.9) | (38.6) | (31.7) | (26.8) | 5.4 | (22.3) | (11.3) | (3.3) | 0 | 0 | 0 |
| Acquisitions | 0 | 500.7 | (500.7) | 500.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (34) | 17 | (17) | 0 | (2.4) | (1.1) | (1.4) | 0 | 0 | 0 | 0 | (0.4) | (0.7) | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (2,082.9) | 160.6 | (755.7) | 0 | 0 | (1.3) | 0.4 | (2.5) | 22.2 | 4.9 | (15.7) | (11.8) | (7.6) | 0 | 0 | 0 | 0 | 16.5 | (9.3) | 1.9 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (2,082.9) | (418.6) | (437.9) | (68.4) | (249.4) | (202.0) | (258.1) | (174.9) | (32.6) | (49.9) | (54.4) | (25.1) | (40.5) | (35.8) | (26.0) | (38.6) | (31.7) | (10.3) | (4.0) | (20.3) | (11.3) | (3.3) | 0 | 0 | 0 |
| Financing Activities | |||||||||||||||||||||||||
| Net Debt Issuance | 1,371.8 | 2,265.8 | 55.9 | 1,873.1 | (2,351) | (33.0) | 172.0 | 468.5 | 73.1 | 65.7 | 1.9 | (9.5) | (40.8) | 53.7 | 2.3 | 5.5 | 7.3 | 7.0 | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (7.0) | (0.4) | (0.1) | (0.5) | (0.2) | 0 | 0 | (31.3) | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.1) | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (1.5) | (1.6) | (1.6) | (1.6) | (1.6) | (1.4) | (0.5) | (0.6) | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (98.1) | (11.4) | (9.4) | (11.0) | 2,478.4 | (1.1) | (3.0) | (147.6) | (2.0) | (0.9) | (0.6) | (0.2) | 0 | (1.8) | 2.4 | (0.2) | 1.6 | 2.6 | (0.0) | (0.2) | (2.7) | (1.4) | 0 | 0 | 0 |
| Financing Cash Flow | 1,543.5 | 2,331.8 | 194.8 | 2,265.9 | 322.2 | 57.2 | 198.9 | 455.2 | 163.4 | 74.7 | 24.4 | 23.9 | 23.7 | 51.8 | 4.7 | 5.2 | 8.9 | 49.6 | (0.0) | 1.7 | 29.9 | 15.1 | 0 | 0 | 0 |
| Cash Position | |||||||||||||||||||||||||
| Net Change in Cash | (475.5) | 2,044.2 | (189.7) | 2,004.5 | 0.2 | (140.3) | (53.4) | 228.0 | 54.9 | (9.3) | 6.3 | 3.4 | (12.4) | 20.7 | 4.8 | (22.8) | (5.5) | 34.3 | (2.1) | (14.9) | 17.2 | 11.8 | 0 | 0 | 0 |
| Cash at Beginning | 4,153.4 | 1,928.9 | 2,118.6 | 114.1 | 113.9 | 261.2 | 314.6 | 86.6 | 31.7 | 41.0 | 34.6 | 31.2 | 43.6 | 22.9 | 18.1 | 40.8 | 46.3 | 12.0 | 14.0 | 28.9 | 11.8 | 0 | 0 | 0 | 0 |
| Cash at End | 3,677.9 | 3,973.0 | 1,928.9 | 2,118.6 | 114.1 | 120.9 | 261.2 | 314.6 | 86.6 | 31.7 | 41.0 | 34.6 | 31.2 | 43.6 | 22.9 | 18.1 | 40.8 | 46.3 | 12.0 | 14.0 | 28.9 | 11.8 | 0 | 0 | 0 |
| Free Cash Flow | (2,010.8) | (1,156.5) | (720.2) | (567.9) | (331.4) | (191.4) | (251.6) | (223.3) | (130.7) | (88.9) | (2.3) | (8.7) | (28.1) | (30.5) | 0.3 | (27.9) | (14.4) | (31.8) | 7.3 | (18.5) | (12.7) | (3.4) | 0 | 0 | 0 |
| Key Metrics | 2027 Q1 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||
| Revenue | 341.9 | 258.7 | 126.6 | 126.6 | 64.2 | 51.1 | 52.9 | 63.9 | 60.7 | 14.7 | 43.3 | 42.2 | 36.3 | 22.0 | 14.1 | 12.3 | 6.9 | 7.5 | 1.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 52.3 | 40.5 | 53.8 | 26.0 | 8.6 | (3.1) | 3.8 | 11.5 | (0.4) | 8.8 | (3.7) | 13.0 | 11.9 | 7.1 | 3.6 | (0.2) | 0.5 | 0.1 | (1.1) | (0.2) | (0.0) | 0 | (0.0) | 0 | 0 |
| Operating Income | (62.4) | (117.0) | (25.9) | (31.0) | (20.5) | (44.1) | (18.9) | (18.6) | 9.5 | 31.9 | (33.7) | (8.1) | (5.1) | (6.2) | (7.0) | (26.7) | (4.2) | (4.3) | (2.4) | (1.4) | (13.0) | (0.3) | 0 | 0 | 0 |
| Net Income | (235.5) | (110.0) | (99.3) | (17.5) | (16.9) | (52.5) | (35.6) | (138.7) | (4.2) | (64.5) | (62.8) | (10.5) | (11.5) | (6.5) | (7.0) | (26.6) | (4.5) | (2.8) | (6.4) | (0.2) | (14.1) | (0.3) | (0.1) | (0.1) | (0.1) |
| EPS (Diluted) | -0.82 | -0.39 | -0.36 | -0.07 | -0.07 | -0.24 | -0.16 | -0.66 | -0.03 | -0.58 | -0.52 | -0.10 | -0.11 | -0.07 | -0.07 | -0.28 | -0.05 | -0.06 | -0.12 | -0.00 | -0.31 | -0.04 | -0.05 | -0.05 | -0.05 |
| Balance Sheet | |||||||||||||||||||||||||
| Cash & Equivalents | 2,949.9 | 1,592.0 | 1,730.4 | 1,913.4 | 73.9 | 41.6 | 68.7 | 286.2 | 58.2 | 3.3 | 4.4 | 9.2 | 5.9 | 29.0 | 22.9 | 10.5 | 33.3 | 38.8 | 12.0 | 14.0 | 28.9 | 11.8 | |||
| Total Assets | 11,707.2 | 9,929.3 | 6,246.8 | 5,229.3 | 2,399.0 | 1,870.1 | 1,707.3 | 1,543.2 | 937.7 | 762.9 | 643.2 | 480.7 | 349.2 | 264.0 | 207.6 | 167.4 | 145.9 | 120.0 | 63.5 | 53.5 | 50.4 | 15.1 | |||
| Total Debt | 6,483.4 | 5,099.9 | 2,827.5 | 2,608.7 | 700.2 | 702.9 | 993.7 | 799.4 | 425.8 | 135.7 | 294.3 | 183.5 | 104.0 | 91.8 | 36.4 | 32.8 | 21.7 | 13.5 | 1.2 | 1.2 | 1.3 | 2.1 | |||
| Stockholders' Equity | 1,783.8 | 1,780.2 | 1,581.2 | 1,449.6 | 1,044.3 | 633.7 | 497.9 | 434.6 | 241.8 | 124.8 | 118.5 | 155.7 | 127.9 | 59.5 | 60.9 | 63.5 | 68.3 | 72.3 | (8.6) | (0.9) | (0.8) | (2.6) | |||
| Cash Flow | |||||||||||||||||||||||||
| Operating Cash Flow | 63.9 | 132.5 | 55.0 | (15.8) | (82.0) | 6.9 | 5.9 | (52.3) | (75.9) | (34.1) | 36.3 | 4.5 | 4.5 | 4.6 | 26.2 | 10.7 | 17.3 | (5.0) | 1.9 | 3.8 | (1.4) | (0.1) | 0 | 0 | 0 |
| Capital Expenditure | (2,074.7) | (1,289.1) | (775.2) | (552.1) | (249.4) | (198.3) | (257.5) | (171.0) | (54.8) | (54.8) | (38.6) | (13.2) | (32.6) | (35.1) | (25.9) | (38.6) | (31.7) | (26.8) | 5.4 | (22.3) | (11.3) | (3.3) | 0 | 0 | 0 |
| Free Cash Flow | (2,010.8) | (1,156.5) | (720.2) | (567.9) | (331.4) | (191.4) | (251.6) | (223.3) | (130.7) | (88.9) | (2.3) | (8.7) | (28.1) | (30.5) | 0.3 | (27.9) | (14.4) | (31.8) | 7.3 | (18.5) | (12.7) | (3.4) | 0 | 0 | 0 |