Apellis Pharmaceuticals, Inc. logo APLS - Apellis Pharmaceuticals, Inc.

Inactive Ticker APLS is not actively trading. Quotes and analytics may be stale.
Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 17
HOLD 6
SELL 1
STRONG
SELL
0
| PRICE TARGET: $33.40 DETAILS
HIGH: $48.00
LOW: $19.00
MEDIAN: $35.00
CONSENSUS: $33.40
DOWNSIDE: 18.60%
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
Revenue
Revenue 268.3 199.9 458.6 178.5 166.8 212.5 196.8 199.7 172.3 146.4 110.4 95.0 44.8 22.7 22.1 16.3 14.4 60.3 5.7 0.6 0 250 0.6 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
Cost of Revenue 40.8 29.7 24.5 14.1 34.4 40.9 33.6 23.5 20.7 19.9 22.4 8.4 7.8 2.9 1.4 0.1 1.2 0.4 0.1 0 0.4 0.3 0 0.1 0.1 0.2 69.9 63.5 48.7 0 35.8 33.5 21.4 0 11.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 227.5 170.2 434.0 164.4 132.4 171.7 163.3 176.1 151.7 126.5 88.0 86.6 37.0 19.7 20.7 16.2 13.1 59.9 5.5 0.6 (0.4) 249.7 0.6 (0.1) (0.1) (0.2) (69.9) (63.5) (48.7) 0.0 (35.8) (33.5) (21.4) 0.0 (11.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses
R&D Expenses 77.0 74.2 68.2 67.0 86.4 76.4 88.6 77.9 84.7 69.3 79.4 95.7 110.0 99.4 95.2 101.7 90.9 108.2 87.7 145.9 84.0 75.4 93.2 87.1 69.3 78.5 51.3 50.7 40.5 30.8 29.5 27.5 17.4 13.1 9.5 10.4 7.2 5.6 6.2 5.6 5.6 3.9 3.7 3.0 3.0 1.9 2.0 2.2 2.2
SG&A Expenses 124.3 147.1 142.7 130.7 129.3 121.5 122.0 127.6 129.1 141.7 145.6 111.4 102.1 84.4 78.4 63.2 51.2 41.1 45.8 49.0 40.2 44.2 37.0 28.3 29.4 27.3 18.6 12.8 8.2 6.4 6.3 5.9 4.0 4.9 2.1 1.7 1.8 1.1 1 1.1 1.1 3.0 1.4 1.0 1.0 1.0 0.7 0.6 0.6
Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 (0.3) (0.2) 0.1 0.1 (0.3) 0 0 0 0 0 0 0 0 0 (0.1) 0.2 (0.3) (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 0.0 0.0 0 0
Operating Expenses 201.3 221.3 210.9 197.7 215.8 197.8 210.6 205.6 213.8 211.0 225.1 207.0 212.1 183.8 173.6 164.9 142.1 149.3 133.5 194.9 124.2 119.6 130.2 115.4 98.6 105.7 69.9 63.5 48.7 37.2 35.8 33.5 21.4 18.0 11.6 12.1 9.1 6.7 7.2 6.6 6.6 7.0 5.2 4.0 4.0 2.9 2.7 2.8 2.8
Operating Income
Operating Income 26.5 (51.1) 223.2 (33.3) (83.3) (26.2) (47.3) (29.4) (62.1) (84.5) (137.1) (120.4) (175.1) (164.1) (152.9) (148.6) (129.0) (89.4) (128.0) (194.3) (124.6) 130.1 (129.6) (115.5) (98.8) (105.9) (69.9) (63.5) (48.7) (37.2) (35.8) (33.5) (21.4) (18.0) (11.6) (12.1) (9.1) (6.7) (7.2) (6.7) (6.7) (7.0) (31.6) (4.0) (4.0) (2.9) (2.7) (2.9) (2.9)
Interest Expense 10.3 10.8 11.3 11.2 11.0 11.5 12.5 9.4 7.0 7.4 7.3 7.3 7.5 7.7 7.9 8.4 8.5 3.0 2.3 3.8 4.2 9.6 9.5 6.9 3.9 3.9 0.6 0.2 0.6 0.6 0.3 0.2 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 2.9 3.5 4.4 2.6 2.7 3.4 2.9 3.2 3.3 4.5 5.0 6.0 5.4 4.6 2.8 1.4 0.1 0.0 0.1 0.1 0.1 0.2 0.7 1.0 2.3 1.5 1.3 1.4 0.9 0.9 0 0 0 0 0.0 0.0 0.0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 26.8 (47.5) 227.9 (30.1) (80.4) (24.1) (43.9) (27.7) (58.8) (79.3) (132.3) (114.1) (169.6) (159.3) (182.6) (146.7) (128.8) (144.3) (193.0) (215.0) (179.1) 90 (125.9) (111.6) (164.8) (109.1) (69.1) (70.8) (49.9) (35.8) (35.0) (32.7) (21.1) (18.0) (11.6) (12.1) (9.1) (6.7) (7.2) 0.0 0.0 (7.0) (5.2) (4.0) (4.0) (2.9) (2.7) (2.9) (2.9)
EBIT 26.5 (47.8) 227.6 (30.5) (80.8) (24.5) (44.3) (28.2) (59.3) (79.8) (132.7) (114.5) (170.0) (159.7) (182.9) (147.0) (129.2) (144.7) (193.3) (215.4) (179.5) 89.7 (126.2) (111.7) (164.9) (109.3) (69.2) (70.9) (50.0) (34.3) (35.0) (32.7) (21.1) (18.1) (11.6) (12.1) (9.1) (6.7) (7.2) (6.7) (6.7) (7.0) (5.2) (4.0) (4.0) (2.9) (2.7) (2.9) (2.9)
Income Before Tax 19.2 (58.6) 216.3 (41.7) (91.9) (36.1) (56.9) (37.5) (66.3) (87.2) (140.0) (121.8) (177.5) (167.5) (190.8) (155.5) (137.7) (147.7) (195.6) (219.2) (183.7) 80.1 (135.7) (118.6) (168.8) (113.2) (69.8) (71.1) (50.6) (36.5) (36.0) (33.3) (21.7) (18.3) (11.6) (12.1) (9.1) (6.6) (7.2) (6.6) (6.6) (6.9) (31.6) (4.0) (4.0) (2.9) (2.7) (2.8) (2.8)
Income Tax Expense 0.5 0.3 0.6 0.5 0.3 0.3 0.6 0.1 0.2 1.4 0.2 0.2 0.3 (1.5) 0.4 0.5 1.2 0.2 0 0 0 1.8 0 0 0 0 0.5 0.4 0.3 2.4 (0.3) 0 0 0 0 0 0 0 0 0.0 0.0 1.3 (0.4) (0.4) (0.4) (0.2) (0.2) (0.0) (0.0)
Net Income 18.7 (59.0) 215.7 (42.2) (92.2) (36.4) (57.4) (37.7) (66.4) (88.6) (140.2) (122.0) (177.8) (166.0) (191.3) (156.0) (138.9) (147.9) (195.6) (219.2) (183.7) 78.3 (135.7) (118.6) (168.8) (113.2) (69.8) (71.1) (50.6) (36.5) (36.0) (33.3) (21.7) (18.3) (11.6) (12.1) (9.1) (6.6) (7.2) (6.6) (6.6) (8.2) (31.2) (3.6) (3.6) (2.7) (2.5) (2.8) (2.8)
Per Share Data
EPS (Basic) 0.15 -0.47 1.71 -0.33 -0.74 -0.29 -0.46 -0.30 -0.54 -0.73 -1.17 -1.02 -1.56 -1.50 -1.75 -1.46 -1.42 -1.73 -2.28 -2.72 -2.32 0.99 -1.79 -1.57 -2.29 -1.54 -1.10 -1.12 -0.87 -0.65 -0.64 -0.61 -0.43 -0.36 -0.34 -0.67 -0.50 -0.37 -0.40 -0.37 -0.37 -0.45 -1.72 -0.20 -0.20 -0.15 -0.14 -0.61 -0.61
EPS (Diluted) 0.15 -0.47 1.71 -0.33 -0.74 -0.29 -0.46 -0.30 -0.54 -0.73 -1.17 -1.02 -1.56 -1.50 -1.75 -1.46 -1.42 -1.73 -2.28 -2.72 -2.32 0.99 -1.79 -1.57 -2.29 -1.54 -1.10 -1.12 -0.87 -0.63 -0.64 -0.61 -0.43 -0.53 -0.34 -0.67 -0.50 -0.37 -0.40 -0.37 -0.37 -0.45 -1.72 -0.20 -0.20 -0.15 -0.14 -0.61 -0.61
Shares Outstanding 126.0 126.0 126.0 126.0 125.5 123.9 123.9 123.9 123.0 121.2 120.3 119.3 113.9 110.6 109.1 106.6 97.8 85.7 85.7 80.7 79.2 75.9 75.6 75.5 73.7 73.7 63.8 63.3 57.9 56.3 56.2 54.7 50.4 34.2 34.2 18.1 18.1 18.1 18.1 18.1 18.1 18.1 18.1 18.1 18.1 18.1 4.6 4.6 4.6
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 Q1 2015 Q3 2015 Q2
Current Assets
Cash & Cash Equivalents 406.7 467.8 479.2 371.5 358.4 411.3 396.9 360.1 327.0 351.2 452.4 616.3 765.1 551.8 584.2 604.5 633.5 640.2 283.7 270.8 265.4 565.8 415.6 317.3 417.9 352.0 434.0 289.1 288.2 176.3 220.6 253.8 152.9 175.6 13.1 52.2 (24.9) 24.9 (36.0) 10.0 14.9
Short-Term Investments 0 0 0 0 0 4.8 0 8.0 0 1.1 13.1 9.4 0 0 124.4 248.3 331.8 61.0 146.6 328.2 458.2 311.9 312.6 515.5 228.8 0 0 0 0 0 0 0 0 0 0 0 49.7 0 72.0 0 0
Net Receivables 445.1 366.2 354.6 229.2 244.4 271.7 284.0 308.9 267.8 206.4 187.0 128.3 31.5 7.7 8.1 7.5 6.3 80.1 23.5 20.7 20 25 0 0 0 0 0 0 0 0 1.4 2.0 1.8 0 0 0 0 0 0 0.3 0.4
Inventory 131.4 142.6 122.8 121 82.5 82.5 121.1 162.2 161.3 146.4 115.3 106.9 85.5 85.7 59.8 48.5 32.9 24.0 1.7 3.7 0 0 0 0 0 0 0 0 0 0 15.5 8.9 6.3 0 0 0 0 0 0 1.9 0.3
Other Current Assets 3.2 0 2.5 4.7 5.4 9.1 8.2 9.1 12.1 22.4 16.3 20.0 35.6 36.7 25.2 29.7 75.0 13.5 14.5 26.8 26.9 11.1 2.9 3.1 2.9 1.3 2.5 5.3 1.8 1.8 0.1 0.0 0.2 1.3 5.9 4.4 0 1.4 0 3.0 1.1
Total Current Assets 1,028.0 1,014.8 990.7 755.6 727.7 789.0 833.9 860.0 811.4 766.3 796.8 892.7 954.3 719.5 831.9 960.0 1,104.0 824.0 475.4 655.1 773.6 917.2 742.3 853.8 672.4 373.1 451.2 308.4 310.5 202.4 238.9 266.7 163.1 182.0 19.0 56.6 24.9 27.4 36.0 13.6 16.7
Non-Current Assets
Property, Plant & Equipment 20.4 19.9 21.6 16.8 17.8 19.0 20.4 20.2 19.2 21.1 20.3 22.1 23.8 24.9 25.2 26.6 25.9 26.1 27.4 28.7 29.6 24.5 25.1 15.4 15.7 15.8 14.9 8.1 7.7 1.0 0 0 0 0 0 0 0 0 0 0.0 0.0
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 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 0 0 0 0 0 0 0 0 0 3.2 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 0 0 0 0 0
Other Non-Current Assets 34.1 40.5 46.4 49.0 61.8 77.1 47.5 24.4 1.3 (1.9) 1.2 0.8 0.8 15.8 15.8 15.9 16.0 31.6 22.8 16.1 6.9 18.9 0.9 0.9 0.8 0.4 0.2 0.2 0.2 0.1 0.2 0.1 0.1 0.1 0.1 0.1 (24.9) 0.1 (36.0) 0.1 0.1
Total Non-Current Assets 54.5 60.4 68.0 65.8 79.6 96.1 68.0 44.5 20.5 22.4 21.4 22.9 24.6 40.7 41.0 42.5 41.9 57.7 50.3 44.8 36.5 43.4 26.0 16.3 16.5 16.2 15.2 8.3 7.8 1.1 0.2 0.1 0.1 0.1 0.1 0.1 (24.9) 0.1 (36.0) 0.2 0.1
Total Assets 1,082.5 1,075.3 1,058.7 821.4 807.3 885.1 901.9 904.5 831.9 788.7 818.2 915.6 978.9 760.2 872.9 1,002.5 1,145.9 881.8 525.7 699.9 810.1 960.6 768.3 870.1 688.9 389.2 466.4 316.7 318.4 203.5 239.1 266.8 163.2 182.1 19.1 56.7 0 27.4 0 13.7 16.8
Current Liabilities
Account Payables 49.0 56.8 38.6 54.2 55.3 38.6 42.7 38.3 26.8 37.5 18.2 27.5 31.5 37.3 14.1 16.2 12.3 16.9 5.0 5.3 4.2 8.5 11.1 9.9 3.1 8.4 11.8 13.8 11.9 10.3 5.5 5.1 4.6 3.7 4.0 2.6 0 2.5 0 1.3 0.8
Short-Term Debt 100.7 100.7 93.6 0 0 0 0 0 83.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.7 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 1.9 0 3.6 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 0 0 0
Other Current Liabilities 113.9 127.5 0 112.5 38.9 0 32.9 1.9 (6.3) 75.8 44.6 43.8 30.1 81.4 16.1 15.8 2.7 7.6 15.3 14.1 6.2 4.2 43.8 33.8 37.0 43.3 22.8 14.1 5.6 0 8.2 3.7 2.0 0 1.9 0 0 0 0 0.6 0
Total Current Liabilities 283.4 323.6 279.5 200.7 178.4 185.5 191.3 169.2 215.3 247.6 185.6 174.8 138.6 167.6 115.4 126.8 124.8 131.8 94.2 157.8 83.7 128.3 75.3 58.0 50.7 65.8 44.6 35.6 20.4 17.0 16.0 10.3 7.3 6.6 6.9 6.1 0 3.6 0 2.7 1.3
Non-Current Liabilities
Long-Term Debt 362.2 373.6 361.1 454.0 453.4 452.8 452.2 457.2 93.1 93.0 93.0 92.9 92.8 92.7 92.7 189.3 189.2 189.0 189.6 386.5 386.2 358.8 353.8 348.8 144.6 142.6 140.6 6.7 6.7 25.4 26.9 26.8 26.6 26.4 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 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 9.1 (4.0) 3.3 2.1 2.1 8.0 9.8 2.7 247.1 242.1 296.5 290.4 322.1 315.6 342.1 335.3 353.0 345.2 281.0 278.0 268.7 253.6 217.8 220.5 223.2 134.8 130.4 110.1 61.0 0.2 0.2 0.2 0.2 0.2 0 26.6 0 0 0 0 0
Total Non-Current Liabilities 384.2 381.5 378.0 464.4 464.7 471.0 473.5 471.0 350.0 346.6 400.3 395.3 428.1 422.7 450.0 541.3 558.9 551.3 488.8 683.6 674.8 627.7 587.2 580.1 379.2 289.3 282.2 122.0 73.2 25.5 27.2 27.0 26.9 26.6 0 26.6 0 0 0 0 0
Total Liabilities 667.6 705.1 657.6 665.1 643.1 656.5 664.7 640.2 565.3 594.2 585.9 570.2 566.7 590.3 565.5 668.1 683.6 683.1 583.0 841.4 758.5 756.0 662.5 638.0 429.9 355.0 326.8 157.6 93.6 42.6 43.2 37.3 34.2 33.2 6.9 32.7 0 3.6 0 2.7 1.3
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 (2,994.3) (3,013.0) (2,954.0) (3,169.7) (3,127.6) (3,035.4) (2,999.0) (2,941.6) (2,903.9) (2,837.5) (2,748.9) (2,608.7) (2,486.6) (2,308.9) (2,142.9) (1,951.6) (1,795.6) (1,656.7) (1,508.8) (1,313.2) (1,094.0) (926.3) (1,004.6) (868.9) (750.3) (581.5) (468.3) (398.4) (327.3) (276.8) (240.3) (204.3) (171.0) (149.3) (131.0) (119.4) 0 (98.3) 0 (62.9) (31.7)
Accumulated Other Comprehensive Income (2.4) (2.1) (2.4) (2.6) (3.1) (3.3) (3.1) (3.4) (3.5) (3.5) (1.1) (0.8) (0.8) (0.9) (3.0) (3.2) (2.1) (2.1) (2.0) (1.8) (1.6) (0.1) (1.8) 0.3 1.0 (0.2) (0.2) (0.1) (0.1) (0.1) 0.3 0 0 0 0 (92.1) (68.3) 0 (42.2) (0.0) (0.0)
Total Stockholders' Equity 414.9 370.1 401.2 156.3 164.2 228.5 237.1 264.3 266.7 194.5 232.3 345.4 412.1 169.9 307.4 334.4 462.2 198.7 (57.3) (141.5) 51.7 204.6 105.8 232.1 259.0 34.2 139.6 159.1 224.8 161.0 196.0 229.6 129.0 148.9 12.2 24.0 23.8 23.8 35.0 11.1 15.5
Total Liabilities & Equity 1,082.5 1,075.3 1,058.7 821.4 807.3 885.1 901.9 904.5 831.9 788.7 818.2 915.6 978.9 760.2 872.9 1,002.5 1,145.9 881.8 525.7 699.9 810.1 960.6 768.3 870.1 688.9 389.2 466.4 316.7 318.4 203.5 239.1 266.8 163.2 182.1 19.1 56.7 23.8 27.4 35.0 13.7 16.8
Debt Metrics
Total Debt 475.8 486.3 475.4 469.8 469.6 469.8 470.4 474.5 192.7 110.9 109.6 110.8 111.9 112.7 113.4 211.3 210.4 210.2 211.8 409.6 410.0 377.7 372.9 362.2 158.7 157.0 154.2 13.5 13.4 27.0 26.9 26.8 26.6 26.4 0 0 0 0 0 0 0
Net Debt 69.0 18.5 (3.8) 98.3 111.2 58.5 73.6 114.4 (134.3) (240.3) (342.8) (505.5) (653.2) (439.1) (470.8) (393.2) (423.0) (430.0) (71.9) 138.9 144.5 (188.0) (42.7) 44.9 (259.2) (195.0) (279.8) (275.6) (274.9) (149.2) (193.7) (227.1) (126.3) (149.3) (13.1) (52.2) 24.9 (24.9) 36.0 (10.0) (14.9)
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 18.7 (81.3) 215.7 (42.2) (92.2) (36.4) (57.4) (37.7) (66.4) (88.6) (140.2) (122.0) (177.8) (166.0) (191.3) (156.0) (138.9) (147.9) (195.6) (219.2) (183.7) 78.3 (135.7) (118.6) (168.8) (113.2) (69.8) (71.1) (50.6) (36.5) (36.0) (33.3) (21.7) (18.3) (11.6) (12.1) (9.1) (6.6) (7.2) (6.6) (6.6)
Depreciation & Amortization 0.3 (1.2) 0.3 0.4 0.4 0.4 0.5 0.4 0.4 0.5 0.5 0.4 0.4 0.4 0.5 0.3 0.4 0.4 0.3 0.8 0.4 0.3 0.3 0.1 0.1 (0.1) 0.1 0.1 0.1 (0.2) 0 0 0.2 0 0 0 0 0 0 0 0
Stock-Based Compensation 0 (82.8) 28.2 27.2 27.4 26.3 27.5 30.0 30.3 26.2 21.6 29.3 28.8 24.2 23.5 22.5 20.8 19.3 17.2 17.7 16.4 0 12.1 11.5 9.3 7.1 5.3 4.2 4.6 1.8 2.1 2.2 1.6 4.2 0.5 0.4 0.3 0.3 0.0 0.4 0.4
Change in Working Capital (105.7) 22.5 (136.4) 18.3 10.4 28.4 62.8 (6.2) (103.5) (42.6) (48.0) (64.3) (35.8) (4.4) (21.4) 18.9 (1.8) (40.8) (58.5) 50.0 (45.1) 5.8 21.2 11.9 (19.4) 17.1 10.0 17.8 8.3 (9.5) 0.2 0.3 (3.0) (1.6) (0.1) 0.2 0.3 (0.2) 0.7 0.4 0.4
Other Non-Cash Items 25.8 128.6 0.6 0.6 0.6 0.6 0.8 5.1 6.1 6.5 (3.1) 6.5 6.7 5.0 34.2 7.1 8.1 56.5 68.0 22.1 58.6 57.6 2.2 0.8 70.4 2.3 0.2 0.0 0.1 0.1 0.6 0.1 0.0 0.2 0.5 0.2 (0.2) (0.2) 1.4 (0.6) (0.6)
Operating Cash Flow (61.0) (14.2) 108.5 4.4 (53.4) 19.4 34.1 (8.3) (133.0) (97.9) (169.1) (150.2) (177.6) (140.7) (154.4) (107.0) (111.6) (112.5) (168.6) (128.7) (153.3) 142.0 (99.8) (94.3) (108.3) (82.1) (53.6) (39.9) (35.6) (44.5) (33.1) (30.7) (22.9) (15.5) (11.1) (11.5) (8.4) (6.5) (6.5) (6.5) (6.5)
Investing Activities
Capital Expenditure 0 0.2 (0.1) (0.0) (0.0) (0.0) 0 (0.1) (0.3) (0.1) (0.0) (0.4) (0.3) (0.9) (0.2) (0.4) (0.1) (0.0) (0.4) (0.2) (0.5) (0.7) (3.7) (0.5) (0.4) (0.2) (0.5) (0.2) (0.9) 0 0 0 0 0 0 0 0 0 0 0 0
Acquisitions 0 0 0 0 0 0 0 0 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 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (331.9) (0.0) 0.0 0 (171.3) (311.9) 0.0 (339.8) (227.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 125.0 0 83.3 60 85 180 0 25 312.5 202.5 52.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 (0.3) 0 0 0 0 0 0 0 0 0 0 0 0 125.0 0 0 0 0 130 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow 0 (0.1) (0.1) (0.0) (0.0) (0.0) 0 (0.1) (0.3) 0.0 (0.0) (0.4) (0.3) 124.1 124.8 82.9 (271.9) 85.0 179.6 129.8 (146.8) (0.1) 198.8 (287.8) (227.9) (0.2) (0.5) (0.2) (0.9) 0 0 0 0 0 0 0 0 0 0 0 0
Financing Activities
Net Debt Issuance 0 0 0 0 0 (5.6) 0 37.3 98.8 24.5 0 (24.5) 0 16.5 0 (11.5) (5) 0 0 0 0 0 (0.2) 323.1 0 0.1 206.4 0 (21.7) 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 (1.0) 0 0 0 0 (0.2) 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 (89.3) (55.5) 5.8 (0.0) 6.7 (36.2) 10.6 (0.5) (2.4) 3.6 (0.4) 4.8 (1.0) 0 (43.1) (41.2) 21.7 0 (9.0) 41.0 60.2 0.1 0.1 0.3 0.2 178.0 (0.4) 0 0 0 0 7.4 7.4
Financing Cash Flow 0.1 1.3 0.8 6.6 0.3 (4) 2.5 42.5 108.2 (3.9) 5.7 1.6 391.1 (15.9) 9.6 (4.7) 376.7 384.0 2.1 4.5 1.6 6.3 0.9 281.7 403.3 0.2 198.9 41.0 148.4 0.1 (0.0) 131.6 0.2 178.0 19.3 0 0 0 0 7.4 7.4
Cash Position
Net Change in Cash (61.0) (12.8) 109.1 11.6 (52.8) 14.4 36.8 34.4 (25.3) (101.2) (163.8) (149.0) 213.3 (32.4) (20.3) (29.3) (6.7) 356.4 13.0 5.3 (300.1) 150.2 98.2 (100.3) 66.9 (82.0) 144.9 0.9 112.0 (44.4) (33.2) 100.9 (22.7) 162.5 8.2 (11.5) (8.4) (6.5) (6.5) 1.0 1.0
Cash at Beginning 467.8 480.6 371.5 359.8 412.6 398.2 361.4 327.0 352.3 453.5 617.3 766.4 553.1 585.4 605.8 635.0 641.8 285.3 272.3 267.0 567.0 416.8 318.6 418.9 352.0 434.0 289.1 288.2 176.3 220.6 253.8 152.9 175.6 13.1 4.9 16.4 24.9 31.4 37.9 37.0 0
Cash at End 406.7 467.8 480.6 371.5 359.8 412.6 398.2 361.4 327.0 352.3 453.5 617.3 766.4 553.1 585.4 605.8 635.0 641.8 285.3 272.3 267.0 567.0 416.8 318.6 418.9 352.0 434.0 289.1 288.2 176.3 220.6 253.8 152.9 175.6 13.1 4.9 16.4 24.9 31.4 37.9 1.0
Free Cash Flow (61.0) (14.0) 108.3 4.4 (53.4) 19.3 34.1 (8.4) (133.3) (98.0) (169.1) (150.5) (177.9) (141.6) (154.6) (107.4) (111.6) (112.5) (169.0) (128.9) (153.8) 141.3 (103.6) (94.8) (108.8) (82.2) (54.1) (40.1) (36.4) (44.5) (33.1) (30.7) (22.9) (15.5) (11.1) (11.5) (8.4) (6.5) (6.5) (6.5) (6.5)
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
Income Statement
Revenue 268.3 199.9 458.6 178.5 166.8 212.5 196.8 199.7 172.3 146.4 110.4 95.0 44.8 22.7 22.1 16.3 14.4 60.3 5.7 0.6 0 250 0.6 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
Gross Profit 227.5 170.2 434.0 164.4 132.4 171.7 163.3 176.1 151.7 126.5 88.0 86.6 37.0 19.7 20.7 16.2 13.1 59.9 5.5 0.6 (0.4) 249.7 0.6 (0.1) (0.1) (0.2) (69.9) (63.5) (48.7) 0.0 (35.8) (33.5) (21.4) 0.0 (11.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Income 26.5 (51.1) 223.2 (33.3) (83.3) (26.2) (47.3) (29.4) (62.1) (84.5) (137.1) (120.4) (175.1) (164.1) (152.9) (148.6) (129.0) (89.4) (128.0) (194.3) (124.6) 130.1 (129.6) (115.5) (98.8) (105.9) (69.9) (63.5) (48.7) (37.2) (35.8) (33.5) (21.4) (18.0) (11.6) (12.1) (9.1) (6.7) (7.2) (6.7) (6.7) (7.0) (31.6) (4.0) (4.0) (2.9) (2.7) (2.9) (2.9)
Net Income 18.7 (59.0) 215.7 (42.2) (92.2) (36.4) (57.4) (37.7) (66.4) (88.6) (140.2) (122.0) (177.8) (166.0) (191.3) (156.0) (138.9) (147.9) (195.6) (219.2) (183.7) 78.3 (135.7) (118.6) (168.8) (113.2) (69.8) (71.1) (50.6) (36.5) (36.0) (33.3) (21.7) (18.3) (11.6) (12.1) (9.1) (6.6) (7.2) (6.6) (6.6) (8.2) (31.2) (3.6) (3.6) (2.7) (2.5) (2.8) (2.8)
EPS (Diluted) 0.15 -0.47 1.71 -0.33 -0.74 -0.29 -0.46 -0.30 -0.54 -0.73 -1.17 -1.02 -1.56 -1.50 -1.75 -1.46 -1.42 -1.73 -2.28 -2.72 -2.32 0.99 -1.79 -1.57 -2.29 -1.54 -1.10 -1.12 -0.87 -0.63 -0.64 -0.61 -0.43 -0.53 -0.34 -0.67 -0.50 -0.37 -0.40 -0.37 -0.37 -0.45 -1.72 -0.20 -0.20 -0.15 -0.14 -0.61 -0.61
Balance Sheet
Cash & Equivalents 406.7 467.8 479.2 371.5 358.4 411.3 396.9 360.1 327.0 351.2 452.4 616.3 765.1 551.8 584.2 604.5 633.5 640.2 283.7 270.8 265.4 565.8 415.6 317.3 417.9 352.0 434.0 289.1 288.2 176.3 220.6 253.8 152.9 175.6 13.1 52.2 (24.9) 24.9 (36.0) 10.0 14.9
Total Assets 1,082.5 1,075.3 1,058.7 821.4 807.3 885.1 901.9 904.5 831.9 788.7 818.2 915.6 978.9 760.2 872.9 1,002.5 1,145.9 881.8 525.7 699.9 810.1 960.6 768.3 870.1 688.9 389.2 466.4 316.7 318.4 203.5 239.1 266.8 163.2 182.1 19.1 56.7 0 27.4 0 13.7 16.8
Total Debt 475.8 486.3 475.4 469.8 469.6 469.8 470.4 474.5 192.7 110.9 109.6 110.8 111.9 112.7 113.4 211.3 210.4 210.2 211.8 409.6 410.0 377.7 372.9 362.2 158.7 157.0 154.2 13.5 13.4 27.0 26.9 26.8 26.6 26.4 0 0 0 0 0 0 0
Stockholders' Equity 414.9 370.1 401.2 156.3 164.2 228.5 237.1 264.3 266.7 194.5 232.3 345.4 412.1 169.9 307.4 334.4 462.2 198.7 (57.3) (141.5) 51.7 204.6 105.8 232.1 259.0 34.2 139.6 159.1 224.8 161.0 196.0 229.6 129.0 148.9 12.2 24.0 23.8 23.8 35.0 11.1 15.5
Cash Flow
Operating Cash Flow (61.0) (14.2) 108.5 4.4 (53.4) 19.4 34.1 (8.3) (133.0) (97.9) (169.1) (150.2) (177.6) (140.7) (154.4) (107.0) (111.6) (112.5) (168.6) (128.7) (153.3) 142.0 (99.8) (94.3) (108.3) (82.1) (53.6) (39.9) (35.6) (44.5) (33.1) (30.7) (22.9) (15.5) (11.1) (11.5) (8.4) (6.5) (6.5) (6.5) (6.5)
Capital Expenditure 0 0.2 (0.1) (0.0) (0.0) (0.0) 0 (0.1) (0.3) (0.1) (0.0) (0.4) (0.3) (0.9) (0.2) (0.4) (0.1) (0.0) (0.4) (0.2) (0.5) (0.7) (3.7) (0.5) (0.4) (0.2) (0.5) (0.2) (0.9) 0 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow (61.0) (14.0) 108.3 4.4 (53.4) 19.3 34.1 (8.4) (133.3) (98.0) (169.1) (150.5) (177.9) (141.6) (154.6) (107.4) (111.6) (112.5) (169.0) (128.9) (153.8) 141.3 (103.6) (94.8) (108.8) (82.2) (54.1) (40.1) (36.4) (44.5) (33.1) (30.7) (22.9) (15.5) (11.1) (11.5) (8.4) (6.5) (6.5) (6.5) (6.5)