ARQT - Arcutis Biotherapeutics, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$35.50
DETAILS
HIGH:
$37.00
LOW:
$34.00
MEDIAN:
$35.50
CONSENSUS:
$35.50
UPSIDE:
68.41%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||
| Revenue | 105.4 | 129.5 | 99.2 | 81.5 | 65.8 | 71.4 | 44.8 | 30.9 | 49.6 | 13.5 | 38.1 | 5.2 | 2.8 | 3.0 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 9.8 | 11.7 | 8.7 | 7.5 | 8.8 | 6.9 | 5.5 | 3.5 | 3.3 | 2.2 | 1.2 | 0.8 | 0.8 | 0.5 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 95.6 | 117.8 | 90.5 | 74.0 | 57.0 | 64.5 | 39.3 | 27.4 | 46.3 | 11.3 | 36.9 | 4.4 | 2.0 | 2.5 | 0.5 | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | 0 | (0.1) | (0.1) | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | |||||||||||||||||||||||||||||||||
| R&D Expenses | 30.6 | 20.5 | 19.6 | 19.5 | 17.5 | 14.5 | 19.5 | 19.3 | 23.1 | 23.8 | 26.2 | 25.2 | 35.3 | 33.9 | 69.7 | 38.2 | 40.6 | 52.6 | 40.6 | 30.8 | 21.6 | 27.4 | 32.7 | 30.0 | 25.2 | 10.8 | 12.3 | 7.2 | 6.2 | 5.3 | 7.1 | 2.8 | 2.8 |
| SG&A Expenses | 74.1 | 79.0 | 62.4 | 69.2 | 64.0 | 57.6 | 58.8 | 58.2 | 54.8 | 48.7 | 47.6 | 46.0 | 42.9 | 37.0 | 35.5 | 27.6 | 22.0 | 18.7 | 16.5 | 11.3 | 14.5 | 6.7 | 5.6 | 5.6 | 3.5 | 2.2 | 2.3 | 1.3 | 0.7 | 0.6 | 0.6 | 0.3 | 0.3 |
| 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 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 104.7 | 99.4 | 82.0 | 88.6 | 81.5 | 72.1 | 78.3 | 77.5 | 77.9 | 72.4 | 73.8 | 71.2 | 78.3 | 70.9 | 105.2 | 65.6 | 62.4 | 71.1 | 56.9 | 41.9 | 35.9 | 34.1 | 38.3 | 35.6 | 28.6 | 12.9 | 14.6 | 8.5 | 7.0 | 6.0 | 7.6 | 3.0 | 3.0 |
| Operating Income | |||||||||||||||||||||||||||||||||
| Operating Income | (9.1) | 18.4 | 8.5 | (14.6) | (24.5) | (7.6) | (39.1) | (50.1) | (31.6) | (61.2) | (36.9) | (66.8) | (76.3) | (68.4) | (104.7) | (65.8) | (62.6) | (71.3) | (57.1) | (42.1) | (36.1) | (34.1) | (38.3) | (35.6) | (28.7) | (13.0) | (14.6) | (8.5) | (7.0) | (6.0) | (7.7) | (3.0) | (3.0) |
| Interest Expense | 4.4 | 3.0 | 3.1 | 3.0 | 3.0 | 5.6 | 6.7 | 7.5 | 7.5 | 7.8 | 7.6 | 7.3 | 7.0 | 6.9 | 4.9 | 2 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 2.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | (8.5) | 22.1 | 11.1 | (12.0) | (18.7) | (4.5) | (33.5) | (44.5) | (27.2) | (58.1) | (33.8) | (63.3) | (72.7) | (64.8) | (102.6) | (65.2) | (62.3) | (71.1) | (56.8) | (41.9) | (35.9) | (34.0) | (38.3) | (35.4) | (27.9) | (12.5) | (14.6) | (8.5) | (6.9) | (6.0) | 0.0 | 0.1 | 0.1 |
| EBIT | (9.1) | 20.9 | 10.6 | (12.5) | (21.8) | (4.9) | (34.9) | (44.8) | (27.6) | (58.5) | (34.2) | (63.6) | (73.1) | (65.1) | (102.8) | (65.4) | (62.5) | (71.3) | (57.0) | (42.0) | (36.0) | (34.1) | (38.3) | (35.4) | (28.0) | (12.6) | (14.6) | (8.5) | (7.0) | (6.0) | (7.7) | (3.0) | (3.0) |
| Income Before Tax | (11.2) | 17.9 | 7.5 | (15.5) | (24.8) | (10.5) | (41.5) | (52.3) | (35.1) | (66.3) | (41.7) | (71.0) | (80.1) | (72.0) | (107.7) | (67.4) | (64.3) | (71.3) | (57.0) | (42.0) | (36.0) | (34.0) | (38.2) | (35.4) | (28.0) | (12.6) | (14.5) | (8.3) | (6.7) | (5.6) | (7.7) | (3.0) | (3.0) |
| Income Tax Expense | 0.1 | 0.5 | 0.1 | 0.3 | 0.3 | 0.3 | 0 | 0 | 0.3 | 0.0 | 3.0 | 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 | (11.3) | 17.4 | 7.4 | (15.9) | (25.1) | (10.8) | (41.5) | (52.3) | (35.4) | (66.3) | (44.8) | (71.0) | (79.7) | (72.0) | (107.7) | (67.4) | (64.3) | (71.3) | (57.0) | (42.0) | (36.0) | (34.0) | (38.2) | (35.4) | (28.0) | (12.6) | (14.5) | (8.3) | (6.7) | (5.6) | (7.7) | (3.0) | (3.0) |
| Per Share Data | |||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.09 | 0.14 | 0.06 | -0.13 | -0.20 | -0.09 | -0.33 | -0.42 | -0.32 | -0.72 | -0.73 | -1.16 | -1.30 | -1.24 | -1.94 | -1.34 | -1.31 | -1.42 | -1.14 | -0.84 | -0.76 | -0.79 | -1.01 | -0.94 | -1.15 | -0.33 | -0.40 | -0.22 | -0.18 | -0.15 | -0.21 | -2.83 | -2.83 |
| EPS (Diluted) | -0.09 | 0.13 | 0.06 | -0.13 | -0.20 | -0.09 | -0.33 | -0.42 | -0.32 | -0.72 | -0.73 | -1.16 | -1.30 | -1.24 | -1.94 | -1.34 | -1.31 | -1.42 | -1.14 | -0.84 | -0.76 | -0.79 | -1.01 | -0.94 | -1.15 | -0.33 | -0.40 | -0.22 | -0.18 | -0.15 | -0.21 | -2.83 | -2.83 |
| Shares Outstanding | 129.4 | 128.3 | 127.6 | 127.0 | 126.0 | 121.0 | 124.3 | 123.5 | 111.0 | 92.6 | 61.7 | 61.4 | 61.2 | 61.0 | 57.1 | 51.4 | 50.5 | 50.2 | 50.1 | 50.0 | 47.3 | 43.0 | 37.7 | 37.6 | 37.8 | 38.1 | 36.2 | 38.1 | 37.2 | 36.2 | 36.2 | 1.1 | 1.1 |
| 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 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 34.8 | 42.9 | 47.1 | 73.0 | 53.1 | 71.3 | 134.9 | 84.9 | 190.7 | 88.4 | 107.5 | 105.1 | 81.4 | 53.6 | 81.5 | 61.5 | 71.0 | 98.0 | 53.3 | 90.7 | 288.7 | 65.1 | 45.7 | 171.5 | 190.9 | 63.3 | 23.2 | 12.8 | (50.9) | 39.4 | (3.4) |
| Short-Term Investments | 189.2 | 178.1 | 143.9 | 118.1 | 145.0 | 156.6 | 195.7 | 278.2 | 213.8 | 183.5 | 119.6 | 163.6 | 251 | 355.9 | 395.4 | 220.7 | 273.8 | 290.6 | 315.5 | 320.2 | 156.2 | 219.4 | 144.0 | 52.4 | 58.4 | 37.9 | 2 | 23.0 | 101.9 | 11.5 | 6.8 |
| Net Receivables | 144.4 | 146.2 | 115.1 | 106.7 | 85.4 | 73.1 | 60.1 | 43.4 | 37.2 | 25.8 | 19.4 | 17.2 | 12.8 | 8.5 | 2.4 | 0 | 0.4 | 0.4 | 0.4 | 0.4 | 0 | 0.5 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 37.4 | 22.6 | 22.4 | 16.3 | 16.6 | 14.5 | 14.0 | 13.9 | 13.2 | 13.1 | 13.9 | 10.5 | 8.6 | 7.5 | 4.3 | 0 | 0 | 0 | 0 | 0 | 1.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 32.3 | 21.4 | 9.7 | 7.7 | 11.8 | 8.8 | 19.0 | 3.1 | 0.6 | 9.5 | 0.9 | 3.1 | 2.8 | 4.5 | 1.2 | 1.2 | 8.6 | 7.7 | 7.0 | 4.6 | 2.1 | 1.5 | 0.6 | 0.8 | 0.7 | 1.9 | 1.0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 438.1 | 411.2 | 349.2 | 332.8 | 323.7 | 335.8 | 423.7 | 434.6 | 468.1 | 330.4 | 281.5 | 308.9 | 367.7 | 437.4 | 496.7 | 295.4 | 358.9 | 402.8 | 381.8 | 427.6 | 466.0 | 292.8 | 194.1 | 228.0 | 253.9 | 106.5 | 27.8 | 37.6 | 50.9 | 51.1 | 3.4 |
| Non-Current Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 5.4 | 5.5 | 5.8 | 3.1 | 3.3 | 3.0 | 3.2 | 3.5 | 3.6 | 3.9 | 4.2 | 4.4 | 4.7 | 4.6 | 4.7 | 5.0 | 5.1 | 5.3 | 5.2 | 5.3 | 5.4 | 5.4 | 3.8 | 3.9 | 0.5 | 0.5 | 0.5 | 0.5 | 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 |
| Intangible Assets | 14.2 | 14.8 | 15.4 | 15.9 | 16.5 | 9.5 | 9.8 | 6.1 | 6.2 | 6.4 | 6.6 | 6.8 | 7 | 7.2 | 7.4 | 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 | 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 | 2.3 | 1.4 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 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 | (50.9) | 0 | (3.4) |
| Total Non-Current Assets | 21.9 | 21.7 | 21.8 | 19.7 | 20.4 | 13.1 | 13.6 | 10.2 | 10.5 | 10.9 | 11.4 | 11.8 | 11.8 | 11.9 | 12.2 | 5.0 | 5.2 | 5.4 | 5.2 | 5.3 | 5.4 | 5.4 | 3.9 | 3.9 | 0.5 | 0.5 | 0.5 | 0.6 | (50.9) | 0 | (3.4) |
| Total Assets | 460.0 | 433.0 | 371.0 | 352.4 | 344.1 | 348.9 | 437.4 | 444.8 | 478.5 | 341.4 | 293.0 | 320.7 | 379.5 | 449.3 | 508.9 | 300.5 | 364.1 | 408.2 | 387.0 | 432.9 | 471.4 | 298.3 | 198.0 | 232.0 | 254.4 | 107.0 | 28.3 | 38.2 | 0 | 51.1 | 0 |
| Current Liabilities | |||||||||||||||||||||||||||||||
| Account Payables | 18.3 | 12.5 | 5.8 | 15.1 | 24.5 | 14.2 | 19.3 | 7.9 | 13.0 | 12.0 | 13.2 | 17.2 | 12.5 | 8.8 | 8.7 | 8.4 | 12.5 | 7.4 | 4.9 | 2.7 | 3.1 | 7.1 | 5.0 | 8.3 | 4.8 | 1.4 | 3.2 | 2.0 | 0 | 1.8 | 0 |
| Short-Term Debt | 8.0 | 1 | 1 | 1 | 0 | 0 | 99.5 | 0.8 | 0 | 0 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0 | 0.5 | 0.4 | 0.3 | 0.1 | 0 | 0 | 0 | 0.1 | 0.2 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 137.0 | 116.3 | 18.3 | 75.5 | 9.2 | 20.7 | 52.8 | 31.8 | 0 | 19.1 | 13.5 | 9.2 | 17.2 | 13.7 | 15.6 | 5.9 | 16.5 | 16.4 | 7.1 | 7.5 | 0.1 | 0.2 | 2.9 | 9.3 | 6.5 | 0.2 | 0.2 | 1.5 | 0 | 0.1 | 0 |
| Total Current Liabilities | 163.2 | 129.8 | 99.8 | 103.9 | 91.1 | 81.0 | 172.4 | 51.4 | 47.3 | 46.7 | 41.9 | 36.7 | 37.0 | 37.8 | 37.1 | 27.5 | 33.0 | 33.3 | 19.1 | 13.3 | 15.3 | 22.6 | 21.2 | 19.3 | 12.2 | 5.2 | 8.6 | 4.2 | 0 | 2.7 | 0 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | 5.3 | 5.3 | 107.5 | 107.0 | 107.6 | 107.2 | 105.1 | 203.8 | 202.8 | 201.8 | 200.8 | 199.8 | 198.8 | 197.8 | 196.8 | 73.1 | 72.7 | 72.3 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Other Non-Current Liabilities | 101.9 | 108.4 | 0.4 | 0.4 | 0.4 | 0.6 | 0.4 | 0.2 | 0.3 | 0.8 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 72.5 | 0.2 | 0 | 72.4 | 0 |
| Total Non-Current Liabilities | 107.2 | 113.7 | 113.1 | 109.5 | 110.3 | 110.3 | 108.3 | 207.0 | 206.3 | 206.0 | 204.4 | 203.5 | 202.7 | 201.9 | 201.0 | 77.6 | 77.4 | 77.1 | 5.0 | 5.1 | 5.1 | 5.0 | 3.8 | 3.8 | 0.3 | 0.3 | 72.7 | 0.4 | 0 | 72.4 | 0 |
| Total Liabilities | 270.4 | 243.5 | 212.9 | 213.5 | 201.4 | 191.3 | 280.7 | 258.3 | 253.6 | 252.7 | 246.2 | 240.2 | 239.7 | 239.7 | 238.1 | 105.1 | 110.3 | 110.5 | 24.0 | 18.4 | 20.4 | 27.6 | 24.9 | 23.0 | 12.5 | 5.5 | 81.3 | 4.6 | 0 | 75.1 | 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 |
| Retained Earnings | (1,149.4) | (1,138.1) | (1,155.5) | (1,162.9) | (1,147.0) | (1,121.9) | (1,111.2) | (1,069.6) | (1,017.3) | (981.9) | (915.6) | (870.9) | (799.9) | (719.8) | (647.7) | (540.0) | (472.6) | (408.3) | (337.0) | (280) | (238.0) | (201.9) | (167.9) | (129.7) | (94.3) | (66.3) | (53.7) | (39.2) | 0 | (24.3) | 0 |
| Accumulated Other Comprehensive Income | (0.5) | (0.0) | (0.1) | (0.0) | (0.1) | (0.0) | 0.5 | (0.3) | (0.1) | 0.0 | (0.2) | (0.3) | (0.4) | (1.1) | (1.6) | (1.3) | (1.0) | (0.3) | (0.0) | (0.0) | 0.0 | (0.0) | 0.0 | 0 | 0.0 | (0.0) | 0 | 0.0 | (24.0) | 0 | (5.0) |
| Total Stockholders' Equity | 189.6 | 189.5 | 158.1 | 139.0 | 142.7 | 157.5 | 156.6 | 186.4 | 224.9 | 88.7 | 46.7 | 80.5 | 139.7 | 209.6 | 270.8 | 195.4 | 253.8 | 297.7 | 363.0 | 414.5 | 451.0 | 270.6 | 173.1 | 208.9 | 241.9 | 101.5 | (53.0) | 33.6 | 48.3 | (24.0) | 2.2 |
| Total Liabilities & Equity | 460.0 | 433.0 | 371.0 | 352.4 | 344.1 | 348.9 | 437.4 | 444.8 | 478.5 | 341.4 | 293.0 | 320.7 | 379.5 | 449.3 | 508.9 | 300.5 | 364.1 | 408.2 | 387.0 | 432.9 | 471.4 | 298.3 | 198.0 | 232.0 | 254.4 | 107.0 | 28.3 | 38.2 | 48.3 | 51.1 | 2.2 |
| Debt Metrics | |||||||||||||||||||||||||||||||
| Total Debt | 13.2 | 6.3 | 113.8 | 110.2 | 110.8 | 110.6 | 208.2 | 207.6 | 206.7 | 205.9 | 205.1 | 204.2 | 203.4 | 202.5 | 201.7 | 78.2 | 77.9 | 77.6 | 5.2 | 5.1 | 5.0 | 5.0 | 3.7 | 3.7 | 0.3 | 0.3 | 0.3 | 0.2 | 0 | 0 | 0 |
| Net Debt | (21.6) | (36.6) | 66.7 | 37.1 | 57.7 | 39.2 | 73.3 | 122.7 | 16.0 | 117.5 | 97.6 | 99.1 | 122.0 | 148.9 | 120.1 | 16.7 | 6.8 | (20.4) | (48.1) | (85.5) | (283.6) | (60.1) | (42) | (167.9) | (190.6) | (63.0) | (22.8) | (12.6) | 50.9 | (39.4) | 3.4 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||
| Net Income | (11.3) | 17.4 | 7.4 | (15.9) | (25.1) | (10.8) | (41.5) | (52.3) | (35.4) | (66.3) | (44.8) | (71.0) | (80.1) | (72.0) | (107.7) | (67.4) | (64.3) | (71.3) | (57.0) | (42.0) | (36.0) | (34.0) | (38.2) | (35.4) | (28.0) | (12.6) | (14.5) | (8.3) | (6.7) | (5.6) | (7.7) | (3.0) | (3.0) |
| Depreciation & Amortization | 0.6 | 0.6 | 0.6 | 0.4 | 3.1 | 0.5 | 1.8 | 0.0 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.0 | 0.2 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 10.1 | 10.0 | 10.5 | 9.8 | 9.4 | 9.8 | 12.5 | 10.0 | 8.8 | 10.0 | 10.6 | 9.5 | 9.3 | 8.8 | 8.1 | 6.5 | 0 | 0 | 0 | 8.5 | 2.6 | 0 | 2.0 | 1.0 | 0.5 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 |
| Change in Working Capital | 1.8 | (2.3) | (19.9) | 5.1 | (17.7) | (1.6) | (3.8) | (4.3) | (5.4) | 0.4 | (9.2) | (5.7) | (9.0) | (7.4) | 1.2 | (3.6) | (0.4) | 12.8 | 9.4 | 0.9 | (19.5) | (1.8) | 2.1 | 7.7 | 6.1 | (4.7) | 3.6 | 0.0 | (0.4) | (0.3) | (0.2) | 0.2 | 0.2 |
| Other Non-Cash Items | 11.2 | 0.5 | 0.2 | 0.2 | (0.5) | 1.8 | (0.9) | (1.1) | (1.2) | 16.8 | (0.4) | (0.7) | (1.1) | (1.2) | 29.7 | 0.7 | 1.1 | 6.6 | 6.5 | 5.1 | 0.7 | 0.6 | 1.8 | (0.1) | (0.2) | (0.1) | 0.0 | (0.1) | (0.1) | (0.0) | 5.0 | 0.0 | 0.0 |
| Operating Cash Flow | 2.2 | 26.2 | (1.8) | 0.3 | (30.4) | (0.7) | (34.7) | (45.1) | (31.6) | (56.2) | (44.0) | (66.5) | (80.3) | (71.1) | (67.7) | (62.0) | (57.0) | (51.7) | (40.9) | (35.8) | (46.2) | (32.6) | (34.2) | (25.8) | (21.0) | (16.8) | (10.7) | (8.2) | (7.1) | (5.8) | (2.8) | (2.7) | (2.7) |
| Investing Activities | |||||||||||||||||||||||||||||||||
| Capital Expenditure | 0 | 0 | 0 | (0.1) | (0.6) | (5) | (0.1) | 0 | 0 | (0.0) | (0.1) | (0.3) | (0.1) | (0.1) | (23.0) | (0.1) | (0.1) | (0.3) | (0.1) | (0.0) | (0.6) | (0.2) | (0.1) | (0.0) | (0.0) | (0.1) | (0.0) | (0.0) | (0.2) | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 62.2 | 0 | 0 | 0 | 0 | 15.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (62.2) | (89.2) | (68.5) | (33.2) | (56.1) | (17.4) | (5.7) | (125.8) | (106.0) | (118.2) | (22.4) | (45.6) | (39.7) | (38.1) | (241.6) | (80.2) | (55.5) | (48.2) | (32.4) | (211.9) | 0 | (99.7) | (116.6) | (27.5) | (35.3) | (37.9) | 0 | (11.2) | (11.7) | (11.5) | 0 | 0 | 0 |
| Sales/Maturities of Investments | 50.8 | 55.0 | 43.3 | 60.7 | 68.5 | 57.3 | 90.6 | 63.6 | 77.3 | 56 | 68 | 135 | 147.5 | 80.4 | 67.2 | 132.9 | 70.9 | 72 | 36 | 47 | 62.5 | 24 | 25 | 33.6 | 15 | 2 | 21.1 | 9.1 | 2.6 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | (10) | 0 | 0 | 0 | 0 | 0 | (62.2) | 0 | 0 | 0 | 0 | (15.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.1 | (2.1) | (9.1) | (11.5) | 0 | 0 | 0 |
| Investing Cash Flow | (11.3) | (34.2) | (25.2) | 17.4 | 11.8 | 34.9 | 84.8 | (62.1) | (28.7) | (62.2) | 45.5 | 89.1 | 107.8 | 42.2 | (197.3) | 52.6 | 15.3 | 23.5 | 3.5 | (164.9) | 62.0 | (75.9) | (91.7) | 6.1 | (20.3) | (36.0) | 21.1 | (2.2) | (9.3) | (11.5) | 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 | 72.3 | 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 |
| 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 |
| Other Financing Activities | 0 | 0 | 1.5 | 0 | 0.4 | (97.4) | 0.4 | 1.5 | 0.1 | 0.4 | 0.9 | 1.1 | 0.1 | 1.0 | 123.4 | 1.1 | 0.3 | 0 | 0 | 0 | 0.3 | 1.0 | 0 | 0.3 | 0.2 | (1.3) | (0.0) | 0.2 | 0 | 0 | 55.1 | 3.3 | 3.3 |
| Financing Cash Flow | 1.1 | 3.7 | 1.5 | 1.4 | 0.4 | (97.4) | 0.4 | 1.5 | 161.8 | 99.3 | 0.9 | 1.1 | 0.1 | 1.0 | 285.0 | 1.1 | 14.7 | 72.9 | 0.1 | 1.2 | 207.8 | 129.4 | 0.0 | 0.3 | 168.9 | 93.0 | (0.0) | 0.2 | 0 | 0 | 55.1 | 3.3 | 3.3 |
| Cash Position | |||||||||||||||||||||||||||||||||
| Net Change in Cash | (8.1) | (4.2) | (25.6) | 19.3 | (18.2) | (63.5) | 50.6 | (105.8) | 101.4 | (19.1) | 2.4 | 23.7 | 27.5 | (27.9) | 20.0 | (8.3) | (27.0) | 44.7 | (37.4) | (199.6) | 223.6 | 20.9 | (125.8) | (19.3) | 127.6 | 40.2 | 10.4 | (10.2) | (16.3) | (17.4) | 52.2 | 0.5 | 0.5 |
| Cash at Beginning | 43.2 | 47.4 | 73.0 | 53.7 | 72.0 | 135.5 | 84.9 | 190.7 | 89.3 | 108.4 | 106.0 | 82.3 | 54.9 | 82.8 | 62.7 | 71.0 | 98.0 | 53.3 | 90.7 | 290.2 | 66.6 | 45.7 | 171.5 | 190.9 | 63.3 | 23.2 | 12.8 | 23.1 | 39.4 | 56.8 | 4.5 | 4.0 | 0 |
| Cash at End | 35.1 | 43.2 | 47.4 | 73.0 | 53.7 | 72.0 | 135.5 | 84.9 | 190.7 | 89.3 | 108.4 | 106.0 | 82.3 | 54.9 | 82.8 | 62.7 | 71.0 | 98.0 | 53.3 | 90.7 | 290.2 | 66.6 | 45.7 | 171.5 | 190.9 | 63.3 | 23.2 | 12.8 | 23.1 | 39.4 | 56.8 | 4.5 | 0.5 |
| Free Cash Flow | 2.2 | 26.2 | (1.8) | 0.2 | (31.0) | (5.7) | (34.8) | (45.1) | (31.6) | (56.2) | (44.0) | (66.8) | (80.4) | (71.2) | (90.7) | (62.1) | (57.1) | (52.0) | (41.0) | (35.9) | (46.8) | (32.7) | (34.3) | (25.8) | (21.1) | (16.9) | (10.7) | (8.3) | (7.3) | (5.8) | (2.8) | (2.7) | (2.7) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||
| Revenue | 105.4 | 129.5 | 99.2 | 81.5 | 65.8 | 71.4 | 44.8 | 30.9 | 49.6 | 13.5 | 38.1 | 5.2 | 2.8 | 3.0 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 95.6 | 117.8 | 90.5 | 74.0 | 57.0 | 64.5 | 39.3 | 27.4 | 46.3 | 11.3 | 36.9 | 4.4 | 2.0 | 2.5 | 0.5 | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | 0 | (0.1) | (0.1) | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | (9.1) | 18.4 | 8.5 | (14.6) | (24.5) | (7.6) | (39.1) | (50.1) | (31.6) | (61.2) | (36.9) | (66.8) | (76.3) | (68.4) | (104.7) | (65.8) | (62.6) | (71.3) | (57.1) | (42.1) | (36.1) | (34.1) | (38.3) | (35.6) | (28.7) | (13.0) | (14.6) | (8.5) | (7.0) | (6.0) | (7.7) | (3.0) | (3.0) |
| Net Income | (11.3) | 17.4 | 7.4 | (15.9) | (25.1) | (10.8) | (41.5) | (52.3) | (35.4) | (66.3) | (44.8) | (71.0) | (79.7) | (72.0) | (107.7) | (67.4) | (64.3) | (71.3) | (57.0) | (42.0) | (36.0) | (34.0) | (38.2) | (35.4) | (28.0) | (12.6) | (14.5) | (8.3) | (6.7) | (5.6) | (7.7) | (3.0) | (3.0) |
| EPS (Diluted) | -0.09 | 0.13 | 0.06 | -0.13 | -0.20 | -0.09 | -0.33 | -0.42 | -0.32 | -0.72 | -0.73 | -1.16 | -1.30 | -1.24 | -1.94 | -1.34 | -1.31 | -1.42 | -1.14 | -0.84 | -0.76 | -0.79 | -1.01 | -0.94 | -1.15 | -0.33 | -0.40 | -0.22 | -0.18 | -0.15 | -0.21 | -2.83 | -2.83 |
| Balance Sheet | |||||||||||||||||||||||||||||||||
| Cash & Equivalents | 34.8 | 42.9 | 47.1 | 73.0 | 53.1 | 71.3 | 134.9 | 84.9 | 190.7 | 88.4 | 107.5 | 105.1 | 81.4 | 53.6 | 81.5 | 61.5 | 71.0 | 98.0 | 53.3 | 90.7 | 288.7 | 65.1 | 45.7 | 171.5 | 190.9 | 63.3 | 23.2 | 12.8 | (50.9) | 39.4 | (3.4) | ||
| Total Assets | 460.0 | 433.0 | 371.0 | 352.4 | 344.1 | 348.9 | 437.4 | 444.8 | 478.5 | 341.4 | 293.0 | 320.7 | 379.5 | 449.3 | 508.9 | 300.5 | 364.1 | 408.2 | 387.0 | 432.9 | 471.4 | 298.3 | 198.0 | 232.0 | 254.4 | 107.0 | 28.3 | 38.2 | 0 | 51.1 | 0 | ||
| Total Debt | 13.2 | 6.3 | 113.8 | 110.2 | 110.8 | 110.6 | 208.2 | 207.6 | 206.7 | 205.9 | 205.1 | 204.2 | 203.4 | 202.5 | 201.7 | 78.2 | 77.9 | 77.6 | 5.2 | 5.1 | 5.0 | 5.0 | 3.7 | 3.7 | 0.3 | 0.3 | 0.3 | 0.2 | 0 | 0 | 0 | ||
| Stockholders' Equity | 189.6 | 189.5 | 158.1 | 139.0 | 142.7 | 157.5 | 156.6 | 186.4 | 224.9 | 88.7 | 46.7 | 80.5 | 139.7 | 209.6 | 270.8 | 195.4 | 253.8 | 297.7 | 363.0 | 414.5 | 451.0 | 270.6 | 173.1 | 208.9 | 241.9 | 101.5 | (53.0) | 33.6 | 48.3 | (24.0) | 2.2 | ||
| Cash Flow | |||||||||||||||||||||||||||||||||
| Operating Cash Flow | 2.2 | 26.2 | (1.8) | 0.3 | (30.4) | (0.7) | (34.7) | (45.1) | (31.6) | (56.2) | (44.0) | (66.5) | (80.3) | (71.1) | (67.7) | (62.0) | (57.0) | (51.7) | (40.9) | (35.8) | (46.2) | (32.6) | (34.2) | (25.8) | (21.0) | (16.8) | (10.7) | (8.2) | (7.1) | (5.8) | (2.8) | (2.7) | (2.7) |
| Capital Expenditure | 0 | 0 | 0 | (0.1) | (0.6) | (5) | (0.1) | 0 | 0 | (0.0) | (0.1) | (0.3) | (0.1) | (0.1) | (23.0) | (0.1) | (0.1) | (0.3) | (0.1) | (0.0) | (0.6) | (0.2) | (0.1) | (0.0) | (0.0) | (0.1) | (0.0) | (0.0) | (0.2) | 0 | 0 | 0 | 0 |
| Free Cash Flow | 2.2 | 26.2 | (1.8) | 0.2 | (31.0) | (5.7) | (34.8) | (45.1) | (31.6) | (56.2) | (44.0) | (66.8) | (80.4) | (71.2) | (90.7) | (62.1) | (57.1) | (52.0) | (41.0) | (35.9) | (46.8) | (32.7) | (34.3) | (25.8) | (21.1) | (16.9) | (10.7) | (8.3) | (7.3) | (5.8) | (2.8) | (2.7) | (2.7) |