Appian Corporation logo APPN - Appian Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 12
SELL 1
STRONG
SELL
0
| PRICE TARGET: $27.75 DETAILS
HIGH: $41.00
LOW: $22.00
MEDIAN: $24.00
CONSENSUS: $27.75
UPSIDE: 29.85%
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
Revenue
Revenue 202.2 202.9 187.0 170.6 166.4 166.7 154.1 146.4 149.8 145.3 137.1 127.7 135.2 125.8 117.9 110.1 114.3 105.0 92.4 83.0 88.9 81.6 77.3 66.8 78.9 68.6 69.4 66.9 59.6 60.2 54.9 59.9 51.7 50.6 44.6 43.2 38.3 33.7 30.7 32.5 36.0
Cost of Revenue 54.4 55.9 45.3 43.9 38.9 35.7 37.1 39.4 38.0 34.3 36.1 36.8 36.1 35.2 33.8 33.3 30.9 28.2 26.5 25.8 23.5 21.9 21.6 21.2 24.1 22.8 24.0 23.1 24.1 22.2 20.1 21.6 21.0 18.7 16.6 16.6 12.7 10.6 11.2 13.6 14.8
Gross Profit 147.8 147.0 141.7 126.7 127.5 131 117.0 107.0 111.8 111.0 101.0 90.9 99.1 90.6 84.1 76.8 83.3 76.8 65.9 57.2 65.3 59.7 55.8 45.6 54.7 45.8 45.4 43.9 35.5 38.0 34.9 38.3 30.6 31.9 28.0 26.6 25.6 23.1 19.5 18.9 21.2
Operating Expenses
R&D Expenses 46.3 45.1 40.3 40.3 39.5 37.2 38.6 39.4 39.8 34.6 37.1 39.7 41.6 37.8 37.6 33.8 29.8 26.5 26.5 23.9 20.7 18.9 18.1 17.2 16.0 15.6 15.7 12.8 14.0 12.3 11.7 10.8 9.9 9.0 8.6 10.0 7.3 6.1 6.7 5.3 4.9
SG&A Expenses 98.3 102.5 88.3 97.4 88.8 88.8 85.6 106.8 91.6 93.2 79.1 91.8 92.8 93.4 84.3 85.7 77.4 76.3 62.3 57.9 55.1 50.5 45.1 40.5 47.3 43.3 40.0 40.4 39.0 39.0 38.0 35.8 31.0 29.9 26.0 31.4 21.9 18.9 19.0 18.1 15.1
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 0.3 0.1 0 (0.1) 0 0 0.4 0 0 0 0 0.1 0 0
Operating Expenses 144.6 147.7 128.6 137.7 128.3 126.0 124.1 146.2 131.4 127.8 116.2 131.5 134.4 131.2 121.9 119.5 107.2 102.7 88.8 81.7 75.8 69.4 63.3 57.7 63.4 58.9 55.7 53.2 52.9 51.3 49.7 46.6 40.9 38.9 34.6 41.4 29.2 25.0 25.7 23.4 20.0
Operating Income
Operating Income 3.2 (0.7) 13.1 (11.0) (0.8) 5.0 (7.2) (39.2) (19.5) (16.8) (15.2) (40.7) (35.3) (40.6) (37.8) (42.7) (23.9) (25.9) (22.9) (24.6) (10.5) (9.7) (7.5) (12.1) (8.6) (13.1) (10.3) (9.3) (17.4) (13.3) (14.9) (8.3) (10.2) (7.0) (6.5) (14.8) (3.5) (1.8) (6.2) (4.5) 1.2
Interest Expense 4.2 4.9 5.3 5.3 5.3 5.7 6.2 6.1 5.6 5.1 4.9 4.8 3.1 1.5 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 0.2 0.3 0.3 0.2 0.2 0.2
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
Profitability
EBITDA 3.2 3.6 17.0 9.1 7.3 (5.1) 7.9 (34.3) (24.6) (1.4) (14.8) (34.3) (30.2) (29.4) (41.9) (47.1) (22.9) (23.7) (23.7) (22.2) (12.1) (4.4) (1.7) (9.9) (10.2) (9.3) (11.0) (8.6) (16.5) (13.2) (14.5) (10.2) (9.1) (6.4) (6.3) (13.9) (2.8) (3.5) (6.0) (5.1) 1.3
EBIT 3.2 1.3 14.5 6.6 4.9 (7.6) 5.4 (37.6) (27.7) (3.9) (17.2) (36.8) (32.6) (31.4) (43.7) (48.9) (24.7) (25.4) (25.2) (23.5) (13.4) (5.7) (3.2) (11.4) (11.7) (10.8) (12.3) (9.7) (17.3) (13.8) (15.0) (10.9) (9.3) (6.6) (6.5) (14.1) (3.0) (3.5) (6.1) (5.3) 1.7
Income Before Tax (0.9) (3.6) 9.2 1.3 (0.4) (13.3) (0.8) (43.8) (33.4) (8.9) (22.1) (41.5) (35.7) (32.8) (43.7) (49.0) (24.7) (25.5) (25.3) (23.6) (13.5) (5.8) (3.4) (11.5) (11.9) (10.4) (12.4) (9.1) (17.4) (13.9) (15.1) (10.9) (9.3) (6.6) (6.1) (14.3) (3.3) (3.8) (6.3) (5.5) 1.5
Income Tax Expense 0.6 1.5 1.4 1.6 0.7 0.4 1.3 (0.2) (0.5) 1.1 0.2 0.8 1.1 1.6 0.3 0.4 (1.6) 0.3 0.1 0.2 0.1 0.5 0.3 0.3 (0.2) 0.4 0.0 0.3 0.1 0.0 (0.0) 0.0 0.2 0.3 0.2 0.2 0.1 0.4 (1.6) (1.2) 0.7
Net Income (1.5) (5.1) 7.8 (0.3) (1.2) (13.6) (2.1) (43.6) (32.9) (10.0) (22.3) (42.4) (36.8) (34.4) (44.0) (49.4) (23.2) (25.8) (25.4) (23.8) (13.6) (6.4) (3.6) (11.8) (11.7) (10.8) (12.4) (9.4) (17.5) (13.9) (15.0) (11.0) (9.6) (6.9) (6.3) (14.5) (3.4) (4.2) (4.7) (4.3) 0.8
Per Share Data
EPS (Basic) -0.02 -0.07 0.11 -0.00 -0.02 -0.18 -0.03 -0.60 -0.45 -0.14 -0.30 -0.58 -0.51 -0.47 -0.61 -0.68 -0.32 -0.36 -0.36 -0.34 -0.19 -0.09 -0.05 -0.17 -0.17 -0.16 -0.19 -0.15 -0.27 -0.22 -0.24 -0.18 -0.16 -0.11 -0.10 -0.34 -0.06 -0.08 -0.09 -0.08 0.01
EPS (Diluted) -0.02 -0.07 0.10 -0.00 -0.02 -0.18 -0.03 -0.60 -0.45 -0.14 -0.30 -0.58 -0.51 -0.47 -0.61 -0.68 -0.32 -0.36 -0.36 -0.34 -0.19 -0.09 -0.05 -0.17 -0.17 -0.16 -0.19 -0.15 -0.27 -0.22 -0.24 -0.18 -0.16 -0.11 -0.10 -0.34 -0.06 -0.08 -0.09 -0.08 0.01
Shares Outstanding 73.8 73.9 78.2 74.2 74.1 74.0 72.4 72.3 73.3 73.3 73.2 73.0 72.9 72.7 72.5 72.4 72.2 71.3 71.1 71.0 70.7 70.4 69.9 68.4 67.5 67.3 65.5 64.8 64.3 63.8 62.5 61.4 60.9 60.4 60.2 42.8 58.7 54.7 54.7 54.7 54.1
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
Current Assets
Cash & Cash Equivalents 150.0 135.8 125.2 112.2 135.0 118.6 99.2 120.8 170.1 149.4 130.8 171.5 198.7 148.1 51.8 76.2 106.8 100.8 127.1 131.3 114.8 112.5 251.1 256.1 149.2 159.8 165.6 81.1 75.4 94.9 107.3 50.4 60.9 73.8 72.3 77.7 34.8 31.1 (31.4)
Short-Term Investments 56.0 51.4 66.3 72.5 64.7 41.3 40.8 28.3 0 9.7 38.7 65.4 55.8 47.9 40.9 59.7 53.4 55.2 61.4 111.3 118.0 109.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 62.8
Net Receivables 173.9 278.4 172.6 151.2 136.0 195.1 140.2 131.7 129.3 171.6 133.5 134.0 147.6 166.0 143.4 120.4 121.6 130.0 110.2 82.3 87.4 97.3 89.2 71.9 65.2 70.4 70.8 70.4 81.0 79.4 62.5 64.9 52.5 55.3 41.4 47.0 32.4 46.8 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 0 0 0 0 0 0 0
Other Current Assets 74.1 53.8 34.1 75.7 76.2 80.6 80.3 83.2 90.5 83.8 82.3 65.4 69.5 60.5 29.9 27.5 26.4 25.5 21.6 20.2 18.7 17.9 16.3 15.1 14.7 14.5 28.7 17.5 15.1 28.4 12.4 10.9 9.2 9.1 7.7 7.2 7.0 7.1 0
Total Current Assets 454.0 519.4 439.4 411.7 411.9 435.5 360.5 364.0 389.9 414.4 385.4 436.4 471.6 422.5 298.0 315.4 338.7 338.3 346.6 373.1 367.4 365.4 382.5 369.4 255.5 277.7 265.0 176.7 191.7 209.6 188.1 132.5 129.7 145.2 127.7 137.6 80.1 88.4 31.4
Non-Current Assets
Property, Plant & Equipment 57.3 60.2 62.3 65.8 68.0 68.2 71.4 73.7 81.6 82.7 82.9 83.7 81.3 79.1 70.5 65.7 66.1 64.8 63.5 64.6 65.3 66.1 67.3 60.6 61.7 63.8 40.0 36.8 23.3 7.5 3.3 3.2 3.4 2.7 2.7 2.9 3.0 3.1 0
Goodwill 28.1 28.8 28.8 28.8 26.5 25.6 27.5 26.3 26.5 27.1 26.0 26.6 26.7 26.3 24.0 25.6 27.3 27.8 27.4 4.7 4.7 4.9 4.6 4.4 4.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0.9 1.2 1.6 1.9 2.0 2.2 2.8 3.0 3.4 3.9 4.1 4.6 5.0 5.3 5.1 5.8 6.6 7.1 8.5 1.5 1.6 1.7 1.8 1.8 1.8 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 59.8 54.9 55.5 0 0 0 2.0 8.2 12.0 0 7.0 22.3 36.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 78.2 76.9 79.6 77.5 80.1 85.4 82.9 83.2 90.1 36.3 41.0 3.2 58.7 59.1 54.4 53.1 53.7 53.4 47.4 42.3 38.9 37.8 35.6 34.5 35.7 29.6 13.6 14.5 16.1 15.7 15.2 14.3 12.5 12.9 11.8 12.2 13.4 11.2 (31.4)
Total Non-Current Assets 169.4 172.0 172.3 179.1 181.0 185.5 189.4 190.6 205.5 213.1 211.7 176.0 173.2 171.7 156.6 154.2 163.8 166.3 147.8 120.8 133.2 147.1 109.9 102.0 104.0 93.8 54.2 51.8 39.8 23.6 18.8 17.7 16.1 15.8 14.6 15.1 16.4 14.4 (31.4)
Total Assets 623.4 691.4 611.7 590.7 592.9 621.0 549.9 554.6 595.4 627.5 597.0 612.4 644.8 594.2 454.6 469.6 502.5 504.5 494.4 493.9 500.6 512.5 492.5 471.4 359.5 371.5 319.2 228.4 231.5 233.2 206.9 150.3 145.8 161.1 142.3 152.7 96.5 102.7 0
Current Liabilities
Account Payables 4.1 6.7 8.6 8.9 6.6 4.3 6.9 5.7 9.9 6.2 6.0 7.1 3.9 8.0 5.1 6.8 4.5 5.8 9.9 5.0 4.2 3.0 4.6 4.1 3.6 5.2 5.3 10.2 6.4 9.2 6.6 8.9 2.7 5.2 2.7 7.8 1.5 5.1 0
Short-Term Debt 13.2 22.8 12.1 9.6 9.6 9.6 9.6 8.3 7.1 66.4 65.4 65.4 65.4 2.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.1 0
Deferred Revenue 320.4 341.3 0 264.9 258.6 281.8 224.2 218.2 220.9 236.0 194.6 191.7 193.9 194.8 161.2 151.3 146.2 150.2 122.8 113.8 107.9 116.3 96.9 87.5 81.3 82.2 100.5 97.6 100.1 95.5 83.0 72.9 68.8 70.2 57.2 55.6 53.3 52 0
Other Current Liabilities 64.9 79.4 277.6 37.7 30.4 0.4 35.2 36.3 32.7 8.7 10.6 14.3 37.1 11.1 39.3 34.0 30.0 14.8 29.3 26.0 21.6 6.5 17.1 14.0 12.2 13.4 6.1 10.0 10.3 9.8 0.9 4.7 8.5 7.6 6.6 7.3 7.9 3.3 0
Total Current Liabilities 402.7 452.1 370.1 347.4 330.4 354.8 298.5 293.7 293.9 371.2 323.3 325.0 323.8 270.3 224.4 212.3 206.4 215.7 178.4 159.7 147.0 155.9 132.9 119.7 108.8 112.3 128.7 133.4 132.9 128.4 110.7 103.4 88.9 95.1 76.2 79.8 74.7 76.0 0
Non-Current Liabilities
Long-Term Debt 272.4 276.9 233.6 236.0 238.4 240.8 243.2 245.6 248.0 140.2 142.0 142.9 143.7 115.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20 13.9 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.2 0.1 0.0 0.1 0.1 0.5 0.4 0.4 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0
Other Non-Current Liabilities 7.3 (45.3) 8.8 0.5 0.4 0.4 0.4 0.4 0.5 0 0 0 0 0 1.0 3.2 3.4 3.5 7.8 4.8 4.7 4.9 4.1 2.1 0 0 21.3 20.1 19.3 15.4 0.6 0.2 1.2 1.4 1.6 1.7 1.8 2.8 0
Total Non-Current Liabilities 279.7 286.3 290.2 297.1 294.3 298.9 301.2 306.6 311.1 204.0 205.7 206.8 204.7 178.3 57.2 52.2 53.3 54.9 59.5 57.9 58.1 60.0 61.8 52.8 52.9 54.0 37.7 37.3 34.3 31.6 14.4 14.8 18.3 20.4 16.2 19.0 40.3 34.8 0
Total Liabilities 682.3 738.4 660.3 644.5 624.6 653.7 599.7 600.2 605.0 575.2 528.9 531.7 528.4 448.5 281.6 264.6 259.8 270.6 237.9 217.6 205.0 215.9 194.7 172.6 161.7 166.2 166.4 170.7 167.2 160.0 125.0 118.2 107.2 115.5 92.4 98.8 114.9 110.8 0
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
Retained Earnings (612.4) (610.9) (605.8) (613.6) (613.3) (612.2) (598.5) (596.4) (552.8) (519.9) (509.9) (487.6) (445.3) (408.5) (374.0) (330.0) (280.7) (257.5) (231.7) (206.3) (182.5) (168.9) (162.5) (158.9) (147.1) (135.4) (185.0) (172.6) (163.2) (145.6) (131.7) (116.7) (105.7) (96.2) (89.3) (83.0) (74.2) (64.8) 0
Accumulated Other Comprehensive Income (36.2) (36.5) (35.2) (35.2) (15.5) (11.8) (22.8) (11.8) (10.7) (23.6) (10.0) (11.1) (7.9) (7.2) (2.8) (3.2) (5.0) (5.7) (2.4) (2.4) (1.0) (5.0) (2.4) (0.5) (0.3) (0.3) 1.1 0.2 0.9 0.5 0.6 1.0 (0.1) 0.4 0.5 (0.1) 1.0 1.3 (50.5)
Total Stockholders' Equity (59.0) (47.0) (48.5) (53.7) (31.7) (32.6) (49.8) (45.7) (9.7) 52.3 68.1 80.6 116.4 145.7 172.9 205.1 242.8 233.9 256.5 276.3 295.6 296.6 297.7 298.8 197.7 205.2 152.8 57.8 64.3 73.2 81.8 32.1 38.6 45.5 49.9 53.9 (18.4) (8.1) 4.7
Total Liabilities & Equity 623.4 691.4 611.7 590.7 592.9 621.0 549.9 554.6 595.4 627.5 597.0 612.4 644.8 594.2 454.6 469.6 502.5 504.5 494.4 493.9 500.6 512.5 492.5 471.4 359.5 371.5 319.2 228.4 231.5 233.2 206.9 150.3 145.8 161.1 142.3 152.7 96.5 102.7 4.7
Debt Metrics
Total Debt 285.6 345.4 306.6 308.5 312.3 315.0 319.6 322.1 324.7 277.4 278.8 278.3 274.2 184.0 60.1 55.2 56.1 56.9 56.2 58.0 58.2 58.1 61.1 52.7 52.0 52.1 4.2 3.7 0 0 0 0 0 0 0 0 20 20 0
Net Debt 135.6 209.6 181.4 196.3 177.4 196.4 220.4 201.3 154.6 128.0 148.0 106.7 75.5 35.9 8.3 (21.0) (50.7) (43.9) (70.9) (73.2) (56.5) (54.3) (190.0) (203.5) (97.2) (107.7) (161.4) (77.4) (75.4) (94.9) (107.3) (50.4) (60.9) (73.8) (72.3) (77.7) (14.8) (11.1) 31.4
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
Operating Activities
Net Income (1.5) (5.1) 7.8 (0.3) (1.2) (13.6) (2.1) (43.6) (32.9) (10.0) (22.3) (42.4) (36.8) (34.4) (44.0) (49.4) (23.2) (25.8) (25.4) (23.8) (13.6) (6.4) (3.6) (11.8) (11.7) (11.4) (12.4) (9.4) (17.5) (13.9) (15.0) (11.0) (9.6) (6.9) (6.3) (14.5) (3.4) (4.2) (4.7) (4.3) 0.8
Depreciation & Amortization 3.3 2.3 2.5 2.5 2.4 2.5 2.6 2.6 2.4 2.4 2.3 2.4 2.3 2.0 1.8 1.8 1.8 1.7 1.5 1.3 1.3 1.4 1.5 1.5 1.5 1.5 1.3 1.1 0.8 0.6 0.5 0.7 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Stock-Based Compensation 0 0 10.3 10.7 10.0 9.0 9.5 9.9 10.6 10.2 11.0 11.1 11.1 11.4 11.3 9.1 6.9 6.2 5.2 4.6 7.9 4.6 3.6 3.6 3.5 3.4 3.1 2.7 7.2 4.8 6.8 2.2 2.2 2.1 1.6 9.3 0 0 0 0 0
Change in Working Capital 35.2 (3.1) (2.7) 1.5 37.8 0.4 (8.5) 7.0 27.5 1.7 (56.2) 17.3 (2.4) 7.2 (13.1) 9.0 (5.1) (1.8) (6.2) 11.1 2.1 6.0 (8.6) 3.8 2.6 0.7 (6.8) 21.4 5.4 1.2 7.4 (1.7) (6.9) 5.7 0.2 (5.3) 6.9 4.3 8.8 (3.0) (5.3)
Other Non-Cash Items 11.9 10.4 0.9 (15.8) (4.0) 15.1 (9.4) 7.0 11.8 (11.8) 0.4 0.5 0.2 0.8 0.6 0.0 (0.0) 0.4 0.1 0.0 (0.0) 0.2 0.6 0.0 0.2 0.0 0.0 0.2 3.5 0.2 (0.0) 8.1 (5.9) 0.1 (4.9) 10.1 (2.5) 0.0 0.2 (0.0) 0.0
Operating Cash Flow 48.8 4.7 18.7 (1.9) 45.0 13.9 (8.2) (17.6) 18.9 (8.2) (65.0) (11.9) (25.3) (12.6) (43.7) (29.7) (20.6) (19.4) (25.1) (6.6) (2.8) 5.8 (6.5) (3.1) (3.9) (6.0) (14.9) 16.1 (4.1) (7.4) (0.3) (9.8) (13.8) 1.0 (4.4) (9.5) 3.7 0.1 4.5 (8.6) (3.7)
Investing Activities
Capital Expenditure (0.2) (0.9) (0.7) (1.1) (0.7) (0.5) (0.4) (0.7) (2.2) (1.4) (0.5) (3.4) (4.4) (3.2) (1.2) (1.3) (3.4) (3.6) (1.4) (0.6) (0.5) (0.2) (0.3) (0.5) (0.2) (1.0) (3.7) (11.1) (16.6) (4.8) (0.6) (0.6) (1.0) (0.1) (0.1) (0.1) (0.1) (0.0) (0.3) (0.5) (0.2)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 9.7 0 0 0 0 0 0 (30.7) 0 0 0 0 0 (6.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (44.9) (2.8) 0 (22.2) (37.0) (9.0) (14.3) (28.4) 0 0 0 (29.3) (24.2) (34.1) 0 (15.0) (16.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 39.8 18.3 6.3 14.4 13.6 8.4 2.0 0 9.7 29.1 26.7 19.6 16.3 27.2 20.9 14.7 21.7 36.0 57.0 22.0 5.6 0 0 0 0 0 0 0 0 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 (9.7) 0 0 0 0 0 (41.9) 0 0 0 (146.0) 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow (5.3) 14.6 5.6 (9.0) (24.1) (1.1) (12.7) (29.1) 7.5 27.7 26.2 (13.1) (12.3) (10.1) 19.8 (1.5) 2.1 (9.5) 24.8 21.4 5.2 (146.2) (0.3) (0.5) (6.3) (1.0) (3.7) (11.1) (16.6) (4.8) (0.6) (0.6) (1.0) (0.1) (0.1) (0.1) (0.1) (0.0) (0.3) (0.5) (0.2)
Financing Activities
Net Debt Issuance (2.5) (5) 0 (2.5) (2.5) (2.5) (1.2) (1.2) 48.8 (0.8) (0.9) (1.1) 91.2 117.4 0 0 0 0 0 0 0 (2.7) (0.4) (0.4) (0.4) (0.4) 0 0 0 0 0 0 0 0 0 (20.4) 0 0 0 0 10
Stock Repurchased (21.8) 0 (10) (10) 0 0 0 0 (50.0) 0 0 (1.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.3) 0 0 0 (0.1) 0 0 0 1.3 (1.3) 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 (7.6) 0 (7.6) 0 0 0 0 0
Other Financing Activities (5.1) (1.5) (1.4) (1.0) (3.2) 10.7 (0.6) (1.2) (3.0) (2.5) (2.4) 0.4 (3.1) 0 0.2 0.6 24.4 0.4 0.3 1.5 0.6 2.9 0.9 109.8 0.7 0.8 103.4 0.9 1.1 0.4 58.5 1.1 1.0 0.4 0 79.6 0 0 0 0 0
Financing Cash Flow (28.8) (6.1) (11.2) (13.5) (5.5) 8.2 (1.8) (2.4) (4.2) (3.2) (3.3) (2.5) 88.1 117.7 0.2 0.6 24.4 0.4 0.3 1.5 0.6 0.1 0.6 109.5 0.3 0.2 103.4 0.9 1.1 0.4 58.5 1.1 1.0 0.4 (1.1) 51.6 0 0 0 0 10
Cash Position
Net Change in Cash 14.2 10.6 13.0 (22.8) 16.4 19.4 (21.6) (49.3) 20.8 18.6 (43.0) (27.2) 50.6 96.5 (25.2) (30.8) 5.9 (26.4) (0.9) 16.5 2.3 (138.6) (5.1) 107.0 (10.6) (5.8) 84.5 5.7 (19.6) (12.3) 56.9 (10.5) (12.9) 1.5 (5.4) 42.9 3.6 (0.6) 4.1 (9.9) 6.1
Cash at Beginning 135.8 125.2 112.2 135.0 118.6 99.2 120.8 170.1 149.4 130.8 173.8 201.0 150.4 53.9 79.1 109.9 104.0 130.4 131.3 114.8 112.5 251.1 256.1 149.2 159.8 165.6 81.1 75.4 94.9 107.3 50.4 60.9 73.8 72.3 77.7 34.8 31.1 31.7 27.6 37.5 31.4
Cash at End 150.0 135.8 125.2 112.2 135.0 118.6 99.2 120.8 170.1 149.4 130.8 173.8 201.0 150.4 53.9 79.1 109.9 104.0 130.4 131.3 114.8 112.5 251.1 256.1 149.2 159.8 165.6 81.1 75.4 94.9 107.3 50.4 60.9 73.8 72.3 77.7 34.8 31.1 31.7 27.6 37.5
Free Cash Flow 48.6 3.8 18.1 (3.1) 44.3 13.4 (8.6) (18.3) 16.7 (9.6) (65.5) (15.3) (29.7) (15.8) (44.9) (31.0) (24.0) (23.0) (26.6) (7.1) (3.3) 5.6 (6.8) (3.6) (4.1) (7.0) (18.6) 5.0 (20.7) (12.2) (0.9) (10.3) (14.9) 0.9 (4.5) (9.6) 3.6 0.0 4.2 (9.1) (3.9)
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
Income Statement
Revenue 202.2 202.9 187.0 170.6 166.4 166.7 154.1 146.4 149.8 145.3 137.1 127.7 135.2 125.8 117.9 110.1 114.3 105.0 92.4 83.0 88.9 81.6 77.3 66.8 78.9 68.6 69.4 66.9 59.6 60.2 54.9 59.9 51.7 50.6 44.6 43.2 38.3 33.7 30.7 32.5 36.0
Gross Profit 147.8 147.0 141.7 126.7 127.5 131 117.0 107.0 111.8 111.0 101.0 90.9 99.1 90.6 84.1 76.8 83.3 76.8 65.9 57.2 65.3 59.7 55.8 45.6 54.7 45.8 45.4 43.9 35.5 38.0 34.9 38.3 30.6 31.9 28.0 26.6 25.6 23.1 19.5 18.9 21.2
Operating Income 3.2 (0.7) 13.1 (11.0) (0.8) 5.0 (7.2) (39.2) (19.5) (16.8) (15.2) (40.7) (35.3) (40.6) (37.8) (42.7) (23.9) (25.9) (22.9) (24.6) (10.5) (9.7) (7.5) (12.1) (8.6) (13.1) (10.3) (9.3) (17.4) (13.3) (14.9) (8.3) (10.2) (7.0) (6.5) (14.8) (3.5) (1.8) (6.2) (4.5) 1.2
Net Income (1.5) (5.1) 7.8 (0.3) (1.2) (13.6) (2.1) (43.6) (32.9) (10.0) (22.3) (42.4) (36.8) (34.4) (44.0) (49.4) (23.2) (25.8) (25.4) (23.8) (13.6) (6.4) (3.6) (11.8) (11.7) (10.8) (12.4) (9.4) (17.5) (13.9) (15.0) (11.0) (9.6) (6.9) (6.3) (14.5) (3.4) (4.2) (4.7) (4.3) 0.8
EPS (Diluted) -0.02 -0.07 0.10 -0.00 -0.02 -0.18 -0.03 -0.60 -0.45 -0.14 -0.30 -0.58 -0.51 -0.47 -0.61 -0.68 -0.32 -0.36 -0.36 -0.34 -0.19 -0.09 -0.05 -0.17 -0.17 -0.16 -0.19 -0.15 -0.27 -0.22 -0.24 -0.18 -0.16 -0.11 -0.10 -0.34 -0.06 -0.08 -0.09 -0.08 0.01
Balance Sheet
Cash & Equivalents 150.0 135.8 125.2 112.2 135.0 118.6 99.2 120.8 170.1 149.4 130.8 171.5 198.7 148.1 51.8 76.2 106.8 100.8 127.1 131.3 114.8 112.5 251.1 256.1 149.2 159.8 165.6 81.1 75.4 94.9 107.3 50.4 60.9 73.8 72.3 77.7 34.8 31.1 (31.4)
Total Assets 623.4 691.4 611.7 590.7 592.9 621.0 549.9 554.6 595.4 627.5 597.0 612.4 644.8 594.2 454.6 469.6 502.5 504.5 494.4 493.9 500.6 512.5 492.5 471.4 359.5 371.5 319.2 228.4 231.5 233.2 206.9 150.3 145.8 161.1 142.3 152.7 96.5 102.7 0
Total Debt 285.6 345.4 306.6 308.5 312.3 315.0 319.6 322.1 324.7 277.4 278.8 278.3 274.2 184.0 60.1 55.2 56.1 56.9 56.2 58.0 58.2 58.1 61.1 52.7 52.0 52.1 4.2 3.7 0 0 0 0 0 0 0 0 20 20 0
Stockholders' Equity (59.0) (47.0) (48.5) (53.7) (31.7) (32.6) (49.8) (45.7) (9.7) 52.3 68.1 80.6 116.4 145.7 172.9 205.1 242.8 233.9 256.5 276.3 295.6 296.6 297.7 298.8 197.7 205.2 152.8 57.8 64.3 73.2 81.8 32.1 38.6 45.5 49.9 53.9 (18.4) (8.1) 4.7
Cash Flow
Operating Cash Flow 48.8 4.7 18.7 (1.9) 45.0 13.9 (8.2) (17.6) 18.9 (8.2) (65.0) (11.9) (25.3) (12.6) (43.7) (29.7) (20.6) (19.4) (25.1) (6.6) (2.8) 5.8 (6.5) (3.1) (3.9) (6.0) (14.9) 16.1 (4.1) (7.4) (0.3) (9.8) (13.8) 1.0 (4.4) (9.5) 3.7 0.1 4.5 (8.6) (3.7)
Capital Expenditure (0.2) (0.9) (0.7) (1.1) (0.7) (0.5) (0.4) (0.7) (2.2) (1.4) (0.5) (3.4) (4.4) (3.2) (1.2) (1.3) (3.4) (3.6) (1.4) (0.6) (0.5) (0.2) (0.3) (0.5) (0.2) (1.0) (3.7) (11.1) (16.6) (4.8) (0.6) (0.6) (1.0) (0.1) (0.1) (0.1) (0.1) (0.0) (0.3) (0.5) (0.2)
Free Cash Flow 48.6 3.8 18.1 (3.1) 44.3 13.4 (8.6) (18.3) 16.7 (9.6) (65.5) (15.3) (29.7) (15.8) (44.9) (31.0) (24.0) (23.0) (26.6) (7.1) (3.3) 5.6 (6.8) (3.6) (4.1) (7.0) (18.6) 5.0 (20.7) (12.2) (0.9) (10.3) (14.9) 0.9 (4.5) (9.6) 3.6 0.0 4.2 (9.1) (3.9)