Axsome Therapeutics, Inc. logo AXSM - Axsome Therapeutics, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 24
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $255.81 DETAILS
HIGH: $302.00
LOW: $200.00
MEDIAN: $259.50
CONSENSUS: $255.81
UPSIDE: 8.41%
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 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 191.2 196.0 171.0 150.0 121.5 118.8 104.8 87.2 75.0 71.5 57.8 46.7 94.6 24.4 16.8 8.8 0 0 0 0 0 0 0 0 0 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 14.7 12.3 11.9 13.4 9.8 10.5 8.4 8.1 6.3 7.4 6.5 4.6 7.6 2.3 1.9 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 0 0 0
Gross Profit 176.5 183.7 159.1 136.6 111.7 108.3 96.3 79.1 68.7 64.2 51.3 42.1 87.0 22.1 14.9 7.8 0 0 0 0 0 0 0 0 0 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 52.7 48.8 40.2 49.5 44.8 55.0 45.4 49.9 36.8 30.8 28.8 20.6 17.8 14.7 14.9 15.8 12.6 13.8 13.2 14.5 16.6 17.4 14.8 10.5 27.5 19.2 15.8 11.0 7.6 7.2 6.0 5.6 4.8 4.5 4.5 5.0 6.0 5.8 5.6 5.3 4.5 2.2 1.5 1.6 1.4 1.3 1.3 0.8 0.8
SG&A Expenses 185.0 169.3 150.2 130.3 120.8 113.3 95.6 103.6 99.0 86.8 83.2 78.9 74.2 61.5 40.9 31.2 25.7 18.8 20.2 16.3 11.2 10.4 6.3 7.2 5.0 5.2 3.1 2.4 2.8 2.3 2.2 2.4 2.4 2.0 1.8 1.7 1.7 1.8 1.6 1.5 1.4 0.9 0.5 0.5 0.5 0.6 0.4 0.2 0.2
Other Expenses 2.2 (5.0) 14.8 (6.5) 3.1 12.6 18.0 3.8 0.2 44.8 1.4 7.6 1.4 5.8 1.6 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 (1.1) (1.1)
Operating Expenses 239.8 213.1 205.2 173.3 168.7 180.9 158.9 157.2 136.0 162.4 113.4 107.2 93.4 82.0 57.3 47.0 38.3 32.6 33.4 30.8 27.8 27.7 21.1 17.8 32.5 24.4 18.9 13.4 10.4 9.5 8.2 8.0 7.2 6.4 6.3 6.8 7.7 7.6 7.2 6.8 5.9 3.2 2.0 2.1 1.9 1.9 1.7 (0.1) (0.1)
Operating Income
Operating Income (63.4) (29.4) (46.1) (36.7) (57.0) (72.6) (62.6) (78.0) (67.3) (98.3) (62.1) (65.1) (6.4) (59.9) (42.4) (39.2) (38.3) (32.6) (33.4) (30.8) (27.8) (27.7) (21.1) (17.8) (32.5) (24.4) (18.9) (13.4) (10.4) (9.5) (8.2) (8.0) (7.2) (6.4) (6.3) (6.8) (7.7) (7.6) (7.2) (6.8) (5.9) (3.2) (2.0) (2.1) (1.9) (1.9) (1.7) (0.9) (0.9)
Interest Expense 1.2 1.2 1.1 1.8 2.4 2.2 2.0 1.3 1.1 0.7 0.8 2.7 2.3 1.3 2.4 2.3 1.3 1.4 1.5 1.4 1.4 1.5 0.6 0.5 0 0.4 0.3 0.3 0.2 0.2 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.0 0.0 0 0 0.3 0.2 0.1 0 0 0 0
Interest Income 0 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 0 0 0 0 0 0 0 0.0 0.0 0.0 1.5 0 0 0 0.3 1.4 0.2 0.2
Profitability
EBITDA (61.1) (24.7) (44.4) (42.6) (54.8) (70.5) (60.6) (76.1) (65.4) (96.5) (60.4) (62.9) (4.7) (57.9) (40.7) (38.8) (38.0) (32.3) (33.1) (30.6) (27.6) (27.6) (22.4) (17.8) (32.5) (24.4) (18.8) (13.4) (10.4) (9.3) (8.0) (8.0) (4.5) (7.1) (6.1) (6.7) (7.7) (7.1) (7.2) (6.8) (5.9) (1.0) (2.0) (2.1) (2.0) (1.9) 0 0 0
EBIT (63.4) (27.0) (46.1) (44.8) (57.0) (72.6) (62.6) (78.0) (67.3) (98.3) (62.1) (65.1) (6.4) (59.9) (42.4) (39.2) (38.3) (32.6) (33.4) (30.8) (27.8) (27.7) (22.4) (17.8) (32.5) (24.4) (18.8) (13.4) (10.4) (9.3) (8.0) (8.0) (4.5) (7.1) (6.1) (6.8) (7.7) (7.2) (7.2) (6.8) (5.9) (1.0) (2.0) (2.1) (2.0) (1.9) (1.7) (0.9) (0.9)
Income Before Tax (64.5) (28.1) (47.2) (48.9) (59.4) (74.8) (64.6) (79.3) (68.4) (99.0) (62.9) (67.8) (8.6) (61.2) (44.8) (41.4) (39.6) (34.0) (34.9) (32.3) (29.3) (29.2) (22.9) (18.3) (32.5) (24.8) (19.1) (13.8) (10.6) (9.6) (8.3) (8.3) (4.8) (7.4) (6.4) (7.1) (8.0) (7.3) (7.2) (6.8) (5.9) (1.7) (4.6) (2.1) (2.1) (1.5) (0.3) (2.1) (2.1)
Income Tax Expense 0 0.4 0 (1.0) 0 0.1 0 0 0 (0.3) (0.7) (0.6) 2.6 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 0 0 0 (1.2) (1.2)
Net Income (64.5) (28.6) (47.2) (48.0) (59.4) (74.9) (64.6) (79.3) (68.4) (98.7) (62.2) (67.2) (11.2) (61.2) (44.8) (41.4) (39.6) (34.0) (34.9) (32.3) (29.3) (29.2) (22.9) (18.3) (32.5) (24.8) (19.1) (13.8) (10.6) (9.6) (8.3) (8.3) (4.8) (7.4) (6.4) (7.1) (8.0) (7.3) (7.2) (6.8) (5.9) (1.7) (4.6) (2.1) (2.1) (1.5) (0.3) (2.1) (2.1)
Per Share Data
EPS (Basic) -1.26 -0.56 -0.94 -0.97 -1.22 -1.54 -1.34 -1.67 -1.44 -2.08 -1.32 -1.54 -0.26 -1.41 -1.07 -1.06 -1.03 -0.90 -0.93 -0.86 -0.78 -0.78 -0.61 -0.49 -0.88 -0.71 -0.56 -0.41 -0.32 -0.32 -0.31 -0.32 -0.19 -0.31 -0.27 -0.30 -0.41 -0.38 -0.38 -0.36 -0.31 -0.12 -0.26 -0.17 -0.17 -0.12 -0.02 -0.27 -0.27
EPS (Diluted) -1.26 -0.56 -0.94 -0.97 -1.22 -1.54 -1.34 -1.67 -1.44 -2.08 -1.32 -1.54 -0.26 -1.41 -1.07 -1.06 -1.03 -0.90 -0.93 -0.86 -0.78 -0.78 -0.61 -0.49 -0.88 -0.71 -0.56 -0.41 -0.32 -0.32 -0.31 -0.32 -0.19 -0.31 -0.27 -0.30 -0.41 -0.38 -0.38 -0.36 -0.31 -0.12 -0.26 -0.17 -0.17 -0.12 -0.02 -0.27 -0.27
Shares Outstanding 51.2 50.6 50.0 49.4 48.9 48.5 48.1 47.6 47.4 47.3 47.1 43.7 43.5 43.4 41.7 39.1 38.3 37.8 37.7 37.6 37.4 37.4 37.3 37.1 37.1 34.8 34.4 33.8 33.1 29.9 26.3 25.8 25.5 24.2 23.6 23.6 19.5 19.2 19.1 19.1 19.1 14.4 17.7 12.7 12.7 12.7 12.7 7.8 7.8
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
Current Assets
Cash & Cash Equivalents 305.1 322.9 325.3 303.0 300.9 315.4 327.3 315.7 331.4 386.2 416.6 437.1 246.5 200.8 227.5 73.4 84.7 86.5 114.6 141.2 164.7 183.9 202.4 190.7 197.3 220.0 43.6 53.8 42.6 14.0 15.2 20.4 26.6 34.0 31.7 38.0 45.0 36.6 33.9 38.8 44.1
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 251.1 224.5 196.5 198.8 161.4 142.0 124.1 120.3 101.4 94.8 78.4 67.4 44.8 37.7 20.3 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 0
Inventory 31.5 27.9 23.8 18.4 16.3 15.7 14.3 15.2 15.6 15.1 10.0 9.3 7.9 4.3 2.1 10.3 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
Other Current Assets 23.5 13.7 19.8 16.3 16.0 12.0 13.4 11.8 12.0 8.1 6.8 5.9 5.2 2.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 611.2 589.0 565.3 536.6 494.6 485.1 479.1 463.0 460.5 504.3 511.8 519.7 304.4 245.6 252.4 104.0 86.8 86.5 115.0 141.7 165.0 184.0 203.3 190.8 197.6 220.4 44.2 54.6 43.8 15.2 15.9 21.5 27.8 35.3 32.4 38.8 46.2 38.0 34.8 39.9 45.1
Non-Current Assets
Property, Plant & Equipment 20.0 20.9 26.7 23.1 24.1 6.0 5.7 6.8 9.6 7.6 8.0 8.1 0.8 1.1 1.0 1.3 1.4 0.9 1.3 1.3 1.6 1.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0
Goodwill 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 12.0 10.3 10.3 11.9 11.9 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
Intangible Assets 38.9 40.5 42.1 43.7 45.3 46.9 48.5 50.1 51.7 53.3 54.9 56.5 58.1 59.7 61.3 62.9 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
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 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 31.4 27.4 23.1 24.3 20.6 18.5 16.1 16.3 11.9 11.0 14.1 15.3 15.5 14.7 12.4 0.5 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.1 0.1 0.1 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Total Non-Current Assets 102.4 100.8 103.9 103.2 102.0 83.4 82.3 85.2 85.2 84.0 89.1 92.0 84.7 85.8 86.6 76.6 1.7 1.3 1.6 1.6 1.9 2.1 0.4 0.2 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0.1
Total Assets 713.6 689.8 669.2 639.8 596.7 568.5 561.5 548.2 545.7 588.2 600.9 611.6 389.2 331.5 339.0 180.6 88.6 87.8 116.6 143.3 166.9 186.1 203.6 191.0 197.8 220.5 44.4 54.8 43.9 15.4 16.1 21.7 27.9 35.6 32.6 39.0 46.4 38.2 34.9 40.0 45.1
Current Liabilities
Account Payables 106.7 65.5 54.2 91.6 85.7 72.0 64.3 61.3 53.8 40.7 29.1 43.0 35.8 38.6 12.8 19.4 12.6 13.1 13.4 11.6 14.6 13.5 11.3 9.4 12.2 10.9 9.4 6.1 3.4 3.7 4.2 3.2 3.9 3.4 2.9 4.0 4.7 4.1 3.9 3.0 1.8
Short-Term Debt 70.6 73.0 73.2 70 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.5 4.6 2.6 0.6 2.2 0.5 3.3 3.3 3.3 3.3 3.3 2.7 1.9 1.1 0.3 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0.5 0 0 65.3 0 0 0 0 0 0 0 0 0 0 0 5.9 8.2 0 7.6 4.2 3.3 0 2.9 2.4 1.9 2.3 2.3 2.0 0 0 0 0 0
Other Current Liabilities 261.9 203.3 205.0 30.4 28.2 36.5 128.5 7.0 71.9 26.9 6.7 (3.6) 13.3 17.2 41.4 9.8 0 4.1 0 3.0 0 0 6.5 (0.2) 0.7 0 (0.2) 0.0 0.1 0 (0.0) 0.3 0.1 0.4 (0.1) (0.0) 0 0 0 0 0
Total Current Liabilities 439.2 378.8 360.3 342.1 243.9 230.1 196.2 186.6 144.0 138.9 114.7 115.0 100.7 96.6 60.3 42.6 24.5 23.1 24.7 22.9 21.7 23.4 20.3 23.0 26.1 24.5 18.5 13.1 7.7 10.8 10.9 9.5 9.4 12.2 8.4 8.2 8.4 7.2 6.7 5.1 3.9
Non-Current Liabilities
Long-Term Debt 146.1 140.9 117.6 117.5 181.4 180.7 180.0 179.3 178.7 178.1 177.4 176.8 147.6 94.3 93.9 93.5 49.3 49.1 49.2 48.9 48.6 48.3 48.0 13.7 15.5 17.3 19.1 17.4 18.8 3.6 4.4 5.2 5.9 6.7 7.4 8.1 8.8 9.5 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 73.7 54.4 89.9 79.7 90.6 91.7 83.0 69.6 70 73.3 31.6 33.5 29.1 31.1 27.4 29.3 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
Total Non-Current Liabilities 219.8 222.7 235.2 224.6 299.6 281.4 272.4 258.8 257.6 258.4 216.7 217.9 176.7 125.4 121.3 122.8 49.3 49.1 49.2 49.0 48.9 48.9 48.0 13.7 15.5 17.3 19.1 17.4 18.8 3.6 4.4 5.2 5.9 6.7 7.4 8.1 8.8 9.5 0 0 0
Total Liabilities 659.0 601.5 595.5 566.7 543.5 511.5 468.6 445.4 401.7 397.3 331.3 332.8 277.4 221.9 181.6 165.4 73.9 72.2 73.9 71.8 70.6 72.3 68.4 36.7 41.6 41.8 37.6 30.5 26.5 14.4 15.4 14.7 15.4 18.8 15.8 16.3 17.1 16.6 6.7 5.1 3.9
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 0.0
Retained Earnings (1,370.5) (1,306.0) (1,277.4) (1,230.2) (1,182.2) (1,122.8) (1,047.9) (983.3) (903.9) (835.6) (736.9) (674.7) (607.6) (596.3) (535.1) (490.3) (448.8) (409.2) (375.2) (340.3) (308.1) (278.8) (249.6) (226.7) (208.4) (175.9) (151.1) (132.0) (118.2) (107.6) (98.0) (89.7) (81.4) (76.6) (69.2) (62.7) (55.6) (47.6) (40.3) (33.1) (24.7)
Accumulated Other Comprehensive 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
Total Stockholders' Equity 54.6 88.3 73.7 73.1 53.2 57.0 92.9 102.9 144.0 191.0 269.5 278.8 111.8 109.6 157.4 15.2 14.7 15.6 42.7 71.4 96.3 113.8 135.3 154.2 156.2 178.7 6.8 24.3 17.4 0.9 0.7 7.0 12.6 16.7 16.8 22.8 29.3 21.6 28.2 34.9 41.2
Total Liabilities & Equity 713.6 689.8 669.2 639.8 596.7 568.5 561.5 548.2 545.7 588.2 600.9 611.6 389.2 331.5 339.0 180.6 88.6 87.8 116.6 143.3 166.9 186.1 203.6 191.0 197.8 220.5 44.4 54.8 43.9 15.4 16.1 21.7 27.9 35.6 32.6 39.0 46.4 38.2 34.9 40.0 45.1
Debt Metrics
Total Debt 216.7 241.3 218.6 217.3 211.2 193.0 192.3 191.8 189.4 186.4 185.6 184.7 147.7 94.7 94.3 94.2 50.3 49.7 50.1 50.1 50.1 50.1 48.0 20.3 20.1 19.9 19.8 19.6 19.4 6.9 7.7 8.5 9.2 9.9 10.1 10.0 9.9 9.7 0 0 0
Net Debt (88.4) (81.6) (106.7) (85.7) (89.7) (122.4) (135.0) (123.9) (142.0) (199.8) (231.0) (252.4) (98.8) (106.2) (133.2) 20.8 (34.4) (36.8) (64.6) (91.2) (114.5) (133.8) (154.3) (170.4) (177.2) (200.0) (23.9) (34.2) (23.3) (7.1) (7.5) (11.9) (17.4) (24.1) (21.6) (28.0) (35.2) (26.9) (33.9) (38.8) (44.1)
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 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income (64.5) (28.6) (47.2) (48.0) (59.4) (74.9) (64.6) (79.3) (68.4) (98.7) (62.2) (67.2) (11.2) (61.2) (44.8) (41.4) (39.6) (34.0) (34.9) (32.3) (29.3) (29.2) (22.9) (18.3) (32.5) (24.8) (19.1) (13.8) (10.6) (9.6) (8.3) (8.3) (4.8) (7.4) (6.4) (7.1) (8.0) (7.3) (7.2) (6.8) (5.9)
Depreciation & Amortization 2.4 2.3 2.4 1.7 1.7 2.1 2.1 2.0 1.8 1.7 1.7 1.4 2.0 2.0 2.0 1.3 0.3 0.3 0.3 0.3 0.3 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 0.0 0.0 0.0 0.0
Stock-Based Compensation 0 22.7 23.1 24.6 23.3 22.0 21.7 21.4 20.2 18.9 14.8 15.9 12.9 10.8 9.2 10.2 7.6 5.9 5.7 5.5 3.7 5.6 2.9 4.1 2.1 2.8 1.2 0.9 1.3 0.4 0.4 0.5 0.5 0.5 0.4 0.5 0.7 0.4 0.5 0.5 0.7
Change in Working Capital 16.4 (6.8) 8.8 (14.3) (10.1) 12.8 (16.1) 22.9 (6.8) 3.4 (9.0) (13.2) (9.6) 16.7 10.8 (2.9) (0.9) (1.0) 2.1 1.2 (2.0) 2.6 2.9 (4.9) (0.3) 4.2 7.2 4.0 (0.2) (0.5) 1.9 0.0 0.1 (0.2) (0.5) (0.6) 0.6 (0.4) 1.9 1.0 1.3
Other Non-Cash Items 25.0 (8.3) 14.0 3.6 1.2 11.9 38.3 3.0 (0.3) 44.8 1.0 7.1 0.1 4.2 0.1 (0.7) 0.0 (0.0) 0.0 (0.1) 0.0 0.3 1.4 0.2 7.3 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.8 1.2 (0.1)
Operating Cash Flow (20.7) (18.7) 1.0 (32.4) (43.4) (26.2) (18.6) (30.1) (53.5) (30.4) (53.5) (55.3) (5.8) (27.6) (22.8) (33.5) (32.7) (28.8) (26.8) (25.4) (27.2) (20.6) (15.7) (18.9) (23.3) (17.6) (10.6) (8.7) (9.5) (9.8) (5.9) (7.7) (6.7) (6.3) (6.4) (7.1) (6.6) (7.2) (4.8) (5.3) (3.9)
Investing Activities
Capital Expenditure (0.1) (0.1) (0.1) (0.0) (0.3) (0.0) 0.1 (0.1) (0.1) (0.0) (0.4) (0.1) (0.1) (0.2) (0.1) (0.2) (0.2) 0.3 (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) (0.0) (0.0) 0 (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) (0.0)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (53) 0 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 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Investing Activities 0 0 0 0 0 0 (0.2) 0 0 0 0 0 0 0 0 0 0 (307,549) 0 0 0 0 0 0 0 0 0 0 0 (32,696) 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow (0.1) (0.1) (0.1) (0.0) (0.3) (0.0) (0.1) (0.1) (0.1) (0.0) (0.4) (0.1) (0.1) (0.2) (0.1) (53.2) (0.2) (307,548.7) (0.3) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) 0 (32,696.0) (0.0) (0.0) (0.0) 0 (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) (0.0)
Financing Activities
Net Debt Issuance (0.7) (0.5) (0.7) (6.1) (0.4) (0.3) (0.3) (0.2) (0.2) 0.9 (0.9) 30 55 0 0 45 0 0 0 0 0 1.1 28.3 0 0 0 0 0 12.8 (0.8) (0.8) (0.8) (0.8) (0.3) 0 0 0 9.9 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 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 (12.6) (4.0) (3.3) (3.1) 10.0 (1.8) 17.6 (3.2) (3.5) (2.0) 0.5 (8.9) (3.4) (1.8) (1.1) (2.1) (0.1) (0.4) 0 0.9 1.9 (1.1) (0.9) 0.2 0 0.1 0 0.4 0.4 0.5 0.0 0 0 0.0 0 0 0.3 0.0 0.0 0 0
Financing Cash Flow 3.0 16.4 21.3 34.5 29.3 14.2 30.4 14.4 (1.2) (0.0) 33.4 246.1 51.6 1.1 176.9 75.5 31.1 0.7 0.4 2.0 8.0 2.1 27.4 12.3 0.6 193.9 0.5 19.8 38.2 8.5 0.8 1.4 (0.7) 8.6 0.1 0.1 15.0 10.0 0.0 0 0
Cash Position
Net Change in Cash (17.8) (2.3) 22.3 2.1 (14.4) (12.0) 11.7 (15.8) (54.8) (30.4) (20.5) 190.6 45.7 (26.7) 154.1 (11.3) (1.8) (28.2) (26.6) (23.4) (19.2) (18.5) 11.7 (6.6) (22.7) 176.3 (10.1) 11.1 28.7 (1.3) (5.1) (6.3) (7.4) 2.3 (6.3) (7.0) 8.4 2.7 (4.9) (5.3) (4.0)
Cash at Beginning 322.9 325.3 303.0 300.9 315.4 327.3 315.7 331.4 386.2 416.6 437.1 246.5 200.8 227.5 73.4 84.7 86.5 114.6 141.2 164.7 183.9 202.4 190.7 197.3 220.0 43.6 53.8 42.6 14.0 15.2 20.4 26.6 34.0 31.7 38.0 45.0 36.6 33.9 38.8 44.1 48.0
Cash at End 305.1 322.9 325.3 303.0 300.9 315.4 327.3 315.7 331.4 386.2 416.6 437.1 246.5 200.8 227.5 73.4 84.7 86.5 114.6 141.2 164.7 183.9 202.4 190.7 197.3 220.0 43.6 53.8 42.6 14.0 15.2 20.4 26.6 34.0 31.7 38.0 45.0 36.6 33.9 38.8 44.1
Free Cash Flow (20.8) (18.7) 1.0 (32.4) (43.7) (26.2) (18.5) (30.2) (53.6) (30.4) (53.9) (55.5) (5.9) (27.7) (22.8) (33.8) (32.9) (28.5) (27.0) (25.4) (27.2) (20.6) (15.7) (18.9) (23.3) (17.6) (10.6) (8.7) (9.5) (9.8) (5.9) (7.7) (6.7) (6.3) (6.5) (7.1) (6.6) (7.2) (4.9) (5.3) (4.0)
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 191.2 196.0 171.0 150.0 121.5 118.8 104.8 87.2 75.0 71.5 57.8 46.7 94.6 24.4 16.8 8.8 0 0 0 0 0 0 0 0 0 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 176.5 183.7 159.1 136.6 111.7 108.3 96.3 79.1 68.7 64.2 51.3 42.1 87.0 22.1 14.9 7.8 0 0 0 0 0 0 0 0 0 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 (63.4) (29.4) (46.1) (36.7) (57.0) (72.6) (62.6) (78.0) (67.3) (98.3) (62.1) (65.1) (6.4) (59.9) (42.4) (39.2) (38.3) (32.6) (33.4) (30.8) (27.8) (27.7) (21.1) (17.8) (32.5) (24.4) (18.9) (13.4) (10.4) (9.5) (8.2) (8.0) (7.2) (6.4) (6.3) (6.8) (7.7) (7.6) (7.2) (6.8) (5.9) (3.2) (2.0) (2.1) (1.9) (1.9) (1.7) (0.9) (0.9)
Net Income (64.5) (28.6) (47.2) (48.0) (59.4) (74.9) (64.6) (79.3) (68.4) (98.7) (62.2) (67.2) (11.2) (61.2) (44.8) (41.4) (39.6) (34.0) (34.9) (32.3) (29.3) (29.2) (22.9) (18.3) (32.5) (24.8) (19.1) (13.8) (10.6) (9.6) (8.3) (8.3) (4.8) (7.4) (6.4) (7.1) (8.0) (7.3) (7.2) (6.8) (5.9) (1.7) (4.6) (2.1) (2.1) (1.5) (0.3) (2.1) (2.1)
EPS (Diluted) -1.26 -0.56 -0.94 -0.97 -1.22 -1.54 -1.34 -1.67 -1.44 -2.08 -1.32 -1.54 -0.26 -1.41 -1.07 -1.06 -1.03 -0.90 -0.93 -0.86 -0.78 -0.78 -0.61 -0.49 -0.88 -0.71 -0.56 -0.41 -0.32 -0.32 -0.31 -0.32 -0.19 -0.31 -0.27 -0.30 -0.41 -0.38 -0.38 -0.36 -0.31 -0.12 -0.26 -0.17 -0.17 -0.12 -0.02 -0.27 -0.27
Balance Sheet
Cash & Equivalents 305.1 322.9 325.3 303.0 300.9 315.4 327.3 315.7 331.4 386.2 416.6 437.1 246.5 200.8 227.5 73.4 84.7 86.5 114.6 141.2 164.7 183.9 202.4 190.7 197.3 220.0 43.6 53.8 42.6 14.0 15.2 20.4 26.6 34.0 31.7 38.0 45.0 36.6 33.9 38.8 44.1
Total Assets 713.6 689.8 669.2 639.8 596.7 568.5 561.5 548.2 545.7 588.2 600.9 611.6 389.2 331.5 339.0 180.6 88.6 87.8 116.6 143.3 166.9 186.1 203.6 191.0 197.8 220.5 44.4 54.8 43.9 15.4 16.1 21.7 27.9 35.6 32.6 39.0 46.4 38.2 34.9 40.0 45.1
Total Debt 216.7 241.3 218.6 217.3 211.2 193.0 192.3 191.8 189.4 186.4 185.6 184.7 147.7 94.7 94.3 94.2 50.3 49.7 50.1 50.1 50.1 50.1 48.0 20.3 20.1 19.9 19.8 19.6 19.4 6.9 7.7 8.5 9.2 9.9 10.1 10.0 9.9 9.7 0 0 0
Stockholders' Equity 54.6 88.3 73.7 73.1 53.2 57.0 92.9 102.9 144.0 191.0 269.5 278.8 111.8 109.6 157.4 15.2 14.7 15.6 42.7 71.4 96.3 113.8 135.3 154.2 156.2 178.7 6.8 24.3 17.4 0.9 0.7 7.0 12.6 16.7 16.8 22.8 29.3 21.6 28.2 34.9 41.2
Cash Flow
Operating Cash Flow (20.7) (18.7) 1.0 (32.4) (43.4) (26.2) (18.6) (30.1) (53.5) (30.4) (53.5) (55.3) (5.8) (27.6) (22.8) (33.5) (32.7) (28.8) (26.8) (25.4) (27.2) (20.6) (15.7) (18.9) (23.3) (17.6) (10.6) (8.7) (9.5) (9.8) (5.9) (7.7) (6.7) (6.3) (6.4) (7.1) (6.6) (7.2) (4.8) (5.3) (3.9)
Capital Expenditure (0.1) (0.1) (0.1) (0.0) (0.3) (0.0) 0.1 (0.1) (0.1) (0.0) (0.4) (0.1) (0.1) (0.2) (0.1) (0.2) (0.2) 0.3 (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) (0.0) (0.0) 0 (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) (0.0)
Free Cash Flow (20.8) (18.7) 1.0 (32.4) (43.7) (26.2) (18.5) (30.2) (53.6) (30.4) (53.9) (55.5) (5.9) (27.7) (22.8) (33.8) (32.9) (28.5) (27.0) (25.4) (27.2) (20.6) (15.7) (18.9) (23.3) (17.6) (10.6) (8.7) (9.5) (9.8) (5.9) (7.7) (6.7) (6.3) (6.5) (7.1) (6.6) (7.2) (4.9) (5.3) (4.0)