Bandwidth Inc. logo BAND - Bandwidth Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 12
HOLD 3
SELL 1
STRONG
SELL
0
| PRICE TARGET: $60.00 DETAILS
HIGH: $60.00
LOW: $60.00
MEDIAN: $60.00
CONSENSUS: $60.00
DOWNSIDE: 2.26%
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 208.8 207.7 191.9 180.0 174.2 210.0 193.9 173.6 171.0 165.4 152.0 145.9 137.8 157.0 148.3 136.5 131.4 126.1 130.6 120.7 113.5 113.0 84.8 76.8 68.5 62.0 60.5 56.8 53.3 52.3 50.5 48.3 53.0 42.5 41.3 39.5 39.6 38.8 38.6 37.4 37.4
Cost of Revenue 137.4 136.1 118.1 108.3 102.7 133.5 120.7 108.8 105.5 103.3 92.5 86.9 82.2 92.9 84.9 81.1 76.0 72.6 72.4 66.1 61.3 61.4 45.5 42.0 36.4 33.0 33.1 30.1 28.8 28.7 27.5 26.6 25.4 22.8 22.6 22.3 21.6 21.0 21.5 21.3 21.3
Gross Profit 71.4 71.6 73.8 71.7 71.5 76.5 73.1 64.8 65.5 62.0 59.5 59.0 55.7 64.1 63.5 55.4 55.4 53.5 58.2 54.6 52.2 51.7 39.2 34.8 32.2 29.0 27.4 26.7 24.6 23.6 23.0 21.7 27.6 19.6 18.8 17.2 18.1 17.7 17.1 16.1 16.1
Operating Expenses
R&D Expenses 36.5 35.2 33.0 31.7 30.6 31.4 30.2 28.1 28.9 28.9 25.6 24.9 25.7 26.3 25.0 24.3 22.4 15.7 13.4 12.8 13.3 12.7 10.2 9.6 9.5 8.1 7.9 7.7 7.7 6.8 5.9 4.4 3.8 2.9 2.8 2.4 2.7 2.4 2.4 2.8 2.8
SG&A Expenses 44,069 44.9 42.8 43.7 45.6 47.8 43.9 42.8 47.0 43.2 40.9 41.6 41.7 44.8 39.8 40.2 39.9 41.9 43.9 40.8 38.9 51.2 27.1 25.5 25.5 24.3 24.1 22.8 22.7 20.1 17.0 16.1 15.1 14.5 12.9 10.7 10.2 12.7 10.3 10.1 10.1
Other Expenses (44,029.5) (4.6) 0 0 0 0 0 0 0 0 (0.8) (0.2) 0 0 0 0 0 0 0 0.1 0 0 0 (0.0) 0 0 0 0 0.2 0.1 0.1 0.1 0.0 0 0 0 0 0 0 0 0
Operating Expenses 76.0 75.5 75.8 75.4 76.2 79.2 74.0 70.9 75.9 72.1 65.6 66.5 67.4 71.1 64.9 64.5 62.3 57.6 57.3 53.7 52.2 63.9 37.4 35.0 35.0 32.5 32.0 30.5 30.4 26.9 22.9 20.6 18.9 17.4 15.7 13.1 12.9 15.1 12.7 11.9 11.9
Operating Income
Operating Income (4.6) (3.9) (2.0) (3.7) (4.7) (2.7) (0.9) (6.1) (10.4) (10.0) (6.1) (7.5) (11.8) (7.0) (1.4) (9.1) (6.9) (4.1) 0.9 0.9 (0.0) (12.2) 1.9 (0.3) (2.9) (3.5) (4.6) (3.8) (5.8) (3.3) 0.1 1.2 8.8 2.2 3.1 4.2 5.2 2.7 4.4 4.1 4.1
Interest Expense 0.7 0.5 0.5 0.5 0.5 0 0.6 0.8 0.9 0.2 0 0.3 0.9 0.2 0.7 0.9 1.2 8.0 7.7 7.7 5.4 0 4.2 3.9 0.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0.1 0 0.1 0 0.2 0.2 0.2 0.4 0.6 0.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.7 0 0 0 0 0 0 0 0 0 0 0 0.2 0.2
Profitability
EBITDA 12.8 11.1 11.7 9.9 6.5 22.4 11.5 16.7 3.1 5.1 4.0 8.0 (2.9) 42.7 7.4 5.4 3.8 6.5 11.6 11.6 10.2 (5.6) 6.3 4.2 1.6 3.7 (2.3) (1.7) (3.6) (1.5) 1.5 2.5 10.2 3.7 4.5 5.6 6.0 4.0 5.0 4.8 4.8
EBIT (4.6) (4.0) (3.0) (4.2) (4.7) 10.3 (0.9) 4.4 (10.4) (11.1) (6.1) (3.4) (11.8) 32.5 (1.4) (5.3) (5.4) (4.1) 0.9 0.9 (0.2) (13.7) 1.9 (0.3) (2.9) (3.5) (4.6) (3.8) (5.8) (3.2) 0.1 1.2 8.8 2.2 3.1 4.2 5.2 2.7 4.4 4.1 4.1
Income Before Tax 2.6 (4.5) (3.5) (4.8) (3.8) (2.9) (0.3) 3.7 (9.4) (10.7) (5.3) (3.7) 0.5 32.3 (1.7) (6.7) (6.6) (12.3) (6.6) (6.7) (5.6) (18.7) (2.3) (4.1) (3.8) (2.7) (3.8) (3.1) (5.6) (3.2) 0.2 1.2 8.8 2.4 2.5 3.2 4.8 2.3 4.2 3.9 3.9
Income Tax Expense (1.5) (1.5) (2.3) 0.1 (0.1) (1.2) (0.7) (0.3) (0.2) 0.2 (0.2) 0.2 (3.1) (1.1) (0.9) (0.4) 0.2 (4.1) 0.3 0.3 (0.3) 1.2 0.0 16.5 (2.7) (0.7) (2.8) (6.5) (7.6) (1.9) (2.3) (9.3) 2.6 3.0 0.9 1.2 1.8 (11.5) 0.1 0.1 0.1
Net Income 4.1 (3) (1.2) (4.9) (3.7) (1.8) 0.4 4.1 (9.2) (10.9) (5.1) (3.9) 3.6 33.4 (0.8) (6.2) (6.8) (8.2) (6.9) (6.9) (5.3) (19.9) (2.4) (20.6) (1.1) (2.0) (1.0) 3.5 2.0 (1.3) 2.5 10.5 6.2 (0.6) 1.4 1.7 2.6 12.6 2.9 3.5 3.5
Per Share Data
EPS (Basic) 0.13 -0.10 -0.04 -0.16 -0.13 -0.06 0.02 0.15 -0.35 -0.42 -0.20 -0.15 -0.32 1.32 -0.03 -0.25 -0.27 -0.33 -0.28 -0.28 -0.21 -0.81 -0.10 -0.86 -0.04 -0.08 -0.04 0.15 0.10 -0.07 0.13 0.58 0.35 -0.04 0.08 0.12 0.19 1.07 0.21 0.27 0.27
EPS (Diluted) -0.08 -0.10 -0.04 -0.16 -0.13 -0.06 0.01 0.14 -0.35 -0.42 -0.20 -0.15 -0.28 -0.16 -0.03 -0.25 -0.27 -0.33 -0.28 -0.28 -0.21 -0.81 -0.10 -0.86 -0.04 -0.08 -0.04 0.14 0.09 -0.07 0.12 0.50 0.30 -0.04 0.08 0.12 0.18 1.00 0.20 0.27 0.27
Shares Outstanding 31.7 30.8 30.3 29.9 29.0 27.9 27.4 27.1 26.5 25.8 25.6 25.6 25.4 25.3 25.3 25.3 25.2 25.1 25.1 25.1 25.0 24.5 24.2 24.0 23.6 23.5 23.4 23.1 20.5 18.4 19.1 18.2 17.7 14.9 17.6 13.6 13.6 13.6 13.6 12.8 12.8
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 Q1
Current Assets
Cash & Cash Equivalents 47.3 103.2 73.4 60.1 35.9 81.8 74.9 62.3 105.4 132.0 107.6 91.8 85.3 113.6 166.4 165.3 316.0 331.5 321.8 309.6 319.7 72.2 300.2 291.0 517.9 185.0 192.4 140.1 138.9 41.3 48.6 45.8 38.8 37.6 5.4 5.7 (6.8) 6.8 (10.1)
Short-Term Investments 3.0 8.5 7.0 8 5.8 2.0 5.0 14.4 41.8 21.5 31.7 30.8 38.2 71.2 145.2 137.6 0 0 0 0 10 40 230.8 230.8 0 0 0 55.8 59.5 17.4 14.9 11.0 8.5 0 0 0 13.6 0 20.1
Net Receivables 101.2 91.4 93.4 89.2 87.0 86.5 99.6 85.6 89.5 78.2 75.0 74.9 63.2 74.5 76.6 76.6 68.8 61.6 75.2 63.1 51.5 55.2 45.9 41.2 37.1 30.2 30.0 26.7 27.9 24.0 23.8 23.0 24.4 21.2 18.7 16.8 0 16.5 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 20.4 11.2 19.2 19.1 22.7 17.6 19.1 4.1 20.3 21.1 15.8 22.9 23.2 20.3 4.7 4.8 4.3 4.0 12.2 12.2 12.1 11.7 4.2 3.7 10.1 9.2 2.5 2.1 2.3 2.9 7.8 7.4 7.0 2.6 6.2 2.7 0 2.6 0
Total Current Assets 171.9 214.2 193.0 176.4 151.4 187.8 198.7 181.4 257.0 252.8 230.2 220.3 210.0 279.6 417.1 404.6 413.3 412.9 431.5 408.2 406.7 193.6 590.8 577.3 565.0 224.4 233.3 233.2 235.6 91.4 95.1 87.2 78.6 65.3 30.2 28.4 6.8 28.0 10.1
Non-Current Assets
Property, Plant & Equipment 324.3 327.2 328.7 332.1 330.0 330.4 322.7 328.9 330.2 335.4 337.9 180.4 110.5 109.7 84.5 82.7 84.0 83.7 83.9 83.5 68.7 71.1 61.4 62.5 63.8 62.7 36.1 31.8 26.4 25.1 21.8 19.3 15.9 14.9 12.4 11.6 0 11.2 0
Goodwill 348.7 356.8 357.0 356.2 329.3 317.2 340.4 326.2 328.6 335.9 322.0 330.1 331.3 326.4 298.9 317.7 338.1 344.4 353.2 360.6 356.4 372.2 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 6.9 0 6.9 0
Intangible Assets 128.8 138.7 143.5 149.7 145.4 145.4 159.3 156.0 160.5 166.9 164.7 173.9 176.2 177.4 170.5 185.9 202.5 211.2 220.6 230.7 232.8 248.1 6.2 6.3 6.4 6.6 6.7 6.8 7.0 7.1 7.2 7.3 7.5 7.6 7.9 8.1 0 8.5 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 1.9 1.0 1.4 1.8 1.8 1.8 1.9 2.1 4.9 2.1 0 1.7 0
Other Non-Current Assets 15.1 15.7 11.1 8.1 8.3 8.3 8.8 13.5 9.2 10.1 15.3 12.5 33.1 36.2 37.4 33.4 16.4 13.3 11.8 11.4 5.8 5.6 5.1 5.0 6.5 6.1 1.6 2.1 1.4 0.7 0.8 0.8 1.0 1.2 1.1 1.0 (6.8) 1.0 (10.1)
Total Non-Current Assets 816.9 905.9 840.3 846.1 813.0 801.4 831.1 824.6 828.5 848.3 839.9 696.9 651.2 649.7 591.3 619.7 640.9 652.7 669.4 686.2 663.7 697.0 79.6 80.6 100.3 129.1 87.6 80.3 68.1 59.0 54.0 49.4 37.1 39.2 42.3 39.8 (6.8) 41.9 (10.1)
Total Assets 984.2 1,120.1 1,033.3 1,022.5 964.4 989.2 1,029.7 1,002.1 1,085.5 1,101.0 1,070.1 917.3 861.1 929.3 1,008.4 1,024.3 1,054.2 1,065.5 1,100.9 1,094.4 1,070.3 890.6 670.4 658.0 665.3 353.5 321.0 313.5 303.7 150.4 149.1 136.6 115.8 104.5 72.5 68.2 0 70.0 0
Current Liabilities
Account Payables 31.7 42.6 34.4 21.3 16.6 28.4 20.6 31.9 23.4 34.2 31.2 20.6 16.4 26.8 21.0 19.5 8.9 9.1 15.7 8.2 9.4 11.7 7.8 4.5 5.3 4.2 3.3 3.1 3.4 3.4 4.3 1.8 3.2 3.0 2.5 1.8 0 4.7 0
Short-Term Debt 54.6 11.6 11.3 7.6 7.6 0 25 40 0 0 4.8 0 0 0 0 0 0 0 0 0 0 0 0 0 5.0 4.9 0 0 0 0 0 0 0.1 0.1 2.8 5 0 7.1 0
Deferred Revenue 8.8 8.7 8.4 12.2 10.7 10.7 10.3 11.8 12.1 14.1 12.2 13.4 14.6 17.2 13.9 12.7 13.1 12.6 11.2 11.6 10.8 11.9 0 0 9.9 9.3 9.7 7.6 7.6 7.9 7.1 5.6 7.1 5.8 4.7 4.5 0 4.0 0
Other Current Liabilities 78.7 70.7 85.2 0 9.9 26.0 76.0 56.7 9.4 49.9 45.8 41.7 9.9 21.6 50.7 42.8 53.6 46.7 51.0 45.0 44.2 43.3 10.5 9.8 19.4 19.0 20.4 17.8 17.4 14.1 11.9 10.9 8.5 7.4 8.8 4.5 0 4.0 0
Total Current Liabilities 182.5 154.1 139.3 134.9 115.7 140.3 153.7 156.5 108.7 122.8 108.6 97.8 95.0 114.0 117.2 101.7 94.7 93.5 109.1 92.3 81.6 92.2 57.8 48.7 44.0 45.7 41.1 34.8 32.8 32.7 31.6 25.9 24.8 24.5 25.9 24.0 0 30.5 0
Non-Current Liabilities
Long-Term Debt 148.7 468.6 247.3 247.0 246.8 281.3 281.0 280.7 419.0 418.5 418.0 417.6 417.1 480.5 637.2 636.5 635.7 486.4 479.2 472.0 464.8 282.2 277.5 272.9 268.4 0 0 0 0 0 0 0 0 0 35.5 36.2 0 37.7 0
Deferred Tax Liabilities 21.8 92.0 26.5 26.8 26.4 27.3 30.3 28.5 31.1 33.0 32.0 34.0 34.3 38.5 35.2 41.4 46.4 48.4 58.0 59.3 57.3 61.0 0 0 0 12.1 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 1.6 (220.5) 0.6 0.6 0.6 0.6 0.4 0.4 0.4 0.4 0.6 64.3 13.3 11.2 9.6 8.1 7.1 6.0 5.4 4.9 1.6 1.7 6.3 6.4 0 0 3.7 3.7 2.7 2.5 2.6 2.4 0.7 0.7 1.4 3.0 0 2.3 0
Total Non-Current Liabilities 396.0 566.1 502.5 503.3 503.2 536.3 539.5 538.2 678.6 680.9 681.5 527.5 476.7 543.1 696.6 702.8 708.0 559.4 562.5 557.1 546.0 368.5 299.5 296.3 293.1 37.7 9.5 9.6 9.0 8.9 9.2 9.2 7.8 3.3 39.4 39.3 0 40.1 0
Total Liabilities 578.5 720.2 640.6 637.9 619.0 676.6 693.2 694.7 787.3 803.7 790.1 625.4 571.7 657.1 813.8 804.5 802.7 652.9 671.6 649.4 627.6 460.7 357.3 345.0 337.1 83.4 50.6 44.4 41.8 41.6 40.9 35.2 32.6 27.8 65.2 63.3 0 70.5 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
Retained Earnings (80.2) (84.3) (81.3) (80.1) (75.2) (71.4) (69.7) (70.1) (74.1) (64.9) (54.0) (48.8) (44.9) (48.5) (82.0) (81.2) (74.9) (76.9) (68.7) (61.7) (54.8) (49.5) (29.6) (27.2) (6.6) (5.5) (3.6) (2.6) (6.0) (7.8) (6.6) (9.1) (19.6) (25.8) (25.2) (26.8) 0 (31.7) 0
Accumulated Other Comprehensive Income (12.4) (1.6) (1.3) (1.8) (36.5) (52.0) (20.6) (41.0) (38.1) (28.8) (49.1) (36.2) (36.5) (44.2) (82.9) (53.7) (23.6) (13.0) (1.7) 10.8 4.8 27.9 0.1 (0.1) (0.1) 0.0 (0.0) 0.0 0.0 (0.0) (0.0) (0.0) (0.0) (29.4) (28.3) (27.1) (22.4) (24.9) (19.1)
Total Stockholders' Equity 405.7 400.0 392.7 384.5 345.4 312.5 336.6 307.4 298.2 297.4 280.0 291.9 289.4 272.2 194.6 219.8 251.5 412.6 429.3 445.0 442.7 429.9 313.1 312.9 328.2 270.1 270.4 269.1 261.9 108.8 108.2 101.4 83.2 76.7 7.3 5.0 (0.6) (0.6) 2.7
Total Liabilities & Equity 984.2 1,120.1 1,033.3 1,022.5 964.4 989.2 1,029.7 1,002.1 1,085.5 1,101.0 1,070.1 917.3 861.1 929.3 1,008.4 1,024.3 1,054.2 1,065.5 1,100.9 1,094.4 1,070.3 890.6 670.4 658.0 665.3 353.5 321.0 313.5 303.7 150.4 149.1 136.6 115.8 104.5 72.5 68.2 (0.6) 70.0 2.7
Debt Metrics
Total Debt 423.2 701.2 479.6 480.1 479.2 503.6 529.0 544.6 643.8 644.5 645.5 426.2 427.5 492.6 650.8 652.3 653.8 503.2 497.7 492.2 486.1 304.9 298.3 295.0 291.8 24.7 0 0 0 0 0 0 0.1 0.1 38.4 41.4 0 44.8 0
Net Debt 375.9 598.0 406.3 420.0 443.3 421.8 454.1 482.4 538.4 512.5 537.9 334.4 342.2 379.0 484.5 487.0 337.8 171.8 175.9 182.6 166.3 232.8 (1.9) 4.1 (226.0) (160.3) (192.4) (140.1) (138.9) (41.3) (48.6) (45.8) (38.7) (37.5) 33.0 35.7 6.8 38.1 10.1
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 4.1 (3) (1.2) (4.9) (3.7) (1.8) 0.4 4.1 (9.2) (10.9) (5.1) (3.9) 3.6 33.4 (0.8) (6.2) (6.8) (8.2) (6.9) (6.9) (5.3) (19.9) (2.4) (20.6) (1.1) (2.0) (1.0) 3.5 2.0 (1.3) 2.5 10.5 6.2 (0.6) 1.6 1.9 3.0 13.8 4.0 3.5 2.3
Depreciation & Amortization 17.4 15.0 13.8 13.3 12.5 12.1 12.4 12.3 13.6 16.1 11.0 11.4 8.9 8.7 8.8 8.9 9.2 10.6 9.2 10.6 10.4 8.2 4.5 4.5 4.5 7.2 2.3 2.1 2.2 1.7 1.4 1.3 1.4 1.4 1.5 1.4 1.4 1.4 1.5 0.7 0.7
Stock-Based Compensation 13.0 13.9 12.3 12.5 13.6 13.2 11.4 11.4 12.3 14.7 6.9 0 7.4 5.6 4.9 4.8 5.3 2.9 3.8 0 0 0 0 2.4 0 1.7 1.7 1.6 1.7 1.3 0.8 0.8 0.5 0.7 0.6 0.2 0.2 0.3 0.2 0.4 0.4
Change in Working Capital (17.5) 13.5 (5.8) 10.7 (23.7) 11.9 (3.8) 8.4 (13.3) (1.1) 4.4 (8.4) (11.4) 0.7 12.1 (0.8) (17.2) 12.6 (0.0) (16.8) (3.7) (2.4) 2.5 (0.2) (13.2) (4.4) 2.0 3.3 (7.5) 0.6 4.6 2.6 0.5 0.9 (0.1) 0.9 (7.2) (0.7) (3.7) (2.4) (2.4)
Other Non-Cash Items (6.2) 0.4 3.1 0.1 0.0 1.2 0.1 (9.0) 0.5 0.5 6.5 4.5 (10.2) (37.8) 2.4 2.6 2.7 7.8 8.6 10.1 2.8 (4.6) 19.0 4.6 (6.6) 0.1 (0.2) (0.3) 0.3 0.1 (0.0) (0.0) 0.0 (0.4) 0.2 0.6 0.0 (3.4) (2.0) 0.3 1.5
Operating Cash Flow 8.8 38.6 22.2 31.7 (3.1) 36.5 20.5 24.4 2.5 19.3 23.0 3.1 (6.4) 10.6 24.0 7.0 (6.7) 17.1 14.8 (1.7) 3.0 (18.8) 23.6 7.3 (18.7) 2.2 1.9 3.6 (9.0) 0.6 6.9 5.9 11.2 4.8 4.8 6.0 (1.0) 0.0 0.2 2.5 2.5
Investing Activities
Capital Expenditure (7.1) (7.5) (6.2) (3.6) (7.4) (6.2) (6.2) (6.1) (6.9) (6.2) (4.8) (1.0) (4.5) (28.8) (10.5) (18.9) (5.9) (8.8) (2.7) (35.2) (7.9) (3.2) (2.3) (4.6) (4.4) (9.9) (6.3) (7.7) (1.8) (6.0) (3.8) (3.3) (1.4) (3.1) (2.1) (2.0) (0.8) (1.8) (0.9) (1.2) (1.2)
Acquisitions 0 0 0 0.1 0.1 0.2 0.2 0.3 0.2 0.2 0.2 0.4 0.4 0 8.2 0 0 0 0 17.5 0 (400.5) 0 0 0 0 1.1 1.1 0.6 (1.5) 2.0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (2.0) (3.4) (2.0) (6.0) (4.7) (2.0) (1.0) (9.3) (21.8) (20) (20) (29.8) (10.8) (1.4) (40.4) (137.8) 0 0 0 0 0 0 0 (230.8) 0 0 (12.4) (4.9) (51.0) (11.4) (9.9) (5.5) (8.5) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 7.5 2.0 2.9 3.7 1.0 4.9 10.3 36.9 1.4 30.0 18.9 37.3 43.9 75.6 33.1 0 0 0 0 0 0 0 0 0 0 (0.0) 68.5 9 9 9 6 3 0 0 0 0 0 0 0 0 0
Other Investing Activities (2.3) 0 (2.7) (2.5) (2.8) (2.8) 1.0 (2.3) 0 0 (3.4) 0 (1.7) (0.1) (8.2) (0.6) (0.7) (0.7) (0.8) 10 30 190.8 0 (0.7) 0 (0.8) (1.1) (1.1) (0.6) 1.5 (2.0) 3.0 (8.9) (0.4) (1.0) (0.9) (0.7) (0.3) (0.3) (0.8) (0.8)
Investing Cash Flow (3.9) (9.0) (8.0) (8.2) (13.8) (3.1) 7.0 21.7 (27.0) 4.0 (5.7) 3.6 29.0 46.9 (17.8) (156.7) (5.9) (8.8) (2.7) (7.8) 22.1 (212.9) (2.3) (235.4) (4.4) (9.9) 49.7 (3.6) (43.8) (8.4) (7.6) (5.8) (9.9) (3.1) (2.1) (2.0) (0.8) (2.1) (1.2) (2.0) (2.0)
Financing Activities
Net Debt Issuance 50.5 (0.0) (0.0) (0.0) (0.0) (25.0) (15.0) 40.0 (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) (0.0) (0.1) (0.0) (0.1) (0.1) (0.1) 250.0 11.9 (12.0) 0 400 0 0 0 0 (0.0) (0.0) (0.0) (0.0) (38.5) (3.0) (4.0) 0.5 (0.0) (3.5) 0 0
Stock Repurchased (5.0) 0 0 0 0 0 0 0 0 (0.0) 0 0 0 0 (0.1) 0 0 0 0 0 (25.5) 0 0 0 (43.3) 0 (0.3) (0.4) 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 (105.2) (0.0) (0.0) (0.1) (29.0) (0.1) (0.1) (129.2) (1.9) 0 (0.8) (0.1) (52.0) (117.4) (0.1) (0.7) (1.6) (6.9) (0.2) (0.6) (2.9) (0.4) (0.3) 2.1 (1.0) (0.1) (0.3) (0.4) 3.1 0.0 0 0 0 (5.3) (0.0) 0.1 0.0 3.0 0.0 (0.3) (0.3)
Financing Cash Flow (59.8) (0.0) (0.0) (0.0) (29.0) (25.1) (15.1) (89.2) (1.8) (0.0) (0.8) 0.1 (52.1) (117.4) (0.2) (0.8) (1.6) (6.9) (0.2) (0.6) 222.3 11.8 (11.9) 2.1 356.0 (0.1) 0.6 1.5 150.5 0.5 3.6 6.9 (0.2) 30.5 (3.0) (3.9) 0.5 3.1 (3.5) (0.3) (0.3)
Cash Position
Net Change in Cash (55.7) 29.5 13.3 24.2 (46.1) 7.0 13.0 (43.3) (26.7) 24.7 15.6 6.6 (29.1) (52.7) 1.1 (150.8) (15.3) 1.2 12.0 (10.2) 247.8 (219.9) 9.4 (226.0) 332.9 (7.8) 52.2 1.5 97.6 (7.3) 2.8 7.0 1.1 32.3 (0.3) (0.1) (1.3) 1.0 (4.5) 10.3 0.1
Cash at Beginning 103.2 73.7 60.4 36.2 82.2 75.3 62.3 105.6 132.3 107.6 92.0 85.5 114.6 167.3 166.2 317.0 332.3 331.1 319.0 329.3 81.4 301.3 291.9 517.9 185.0 192.8 140.6 139.1 41.5 48.8 46.0 39.0 37.9 5.4 5.7 5.7 7.0 5.8 10.3 0 0
Cash at End 47.5 103.2 73.7 60.4 36.2 82.2 75.3 62.3 105.6 132.3 107.6 92.0 85.5 114.6 167.3 166.2 317.0 332.3 331.1 319.0 329.3 81.4 301.3 291.9 517.9 185.0 192.8 140.6 139.1 41.5 48.8 46.0 39.0 37.6 5.4 5.7 5.7 6.8 5.8 10.3 0.1
Free Cash Flow 1.7 31.1 16.0 28.2 (10.5) 30.3 14.2 18.3 (4.4) 13.0 18.2 2.1 (10.9) (18.2) 13.5 (11.9) (12.6) 8.3 12.2 (36.9) (4.9) (22.0) 21.3 2.7 (23.1) (7.7) (4.4) (4.1) (10.9) (5.4) 3.1 2.6 9.8 1.7 2.7 4.1 (1.8) (1.8) (0.7) 1.3 1.3
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 208.8 207.7 191.9 180.0 174.2 210.0 193.9 173.6 171.0 165.4 152.0 145.9 137.8 157.0 148.3 136.5 131.4 126.1 130.6 120.7 113.5 113.0 84.8 76.8 68.5 62.0 60.5 56.8 53.3 52.3 50.5 48.3 53.0 42.5 41.3 39.5 39.6 38.8 38.6 37.4 37.4
Gross Profit 71.4 71.6 73.8 71.7 71.5 76.5 73.1 64.8 65.5 62.0 59.5 59.0 55.7 64.1 63.5 55.4 55.4 53.5 58.2 54.6 52.2 51.7 39.2 34.8 32.2 29.0 27.4 26.7 24.6 23.6 23.0 21.7 27.6 19.6 18.8 17.2 18.1 17.7 17.1 16.1 16.1
Operating Income (4.6) (3.9) (2.0) (3.7) (4.7) (2.7) (0.9) (6.1) (10.4) (10.0) (6.1) (7.5) (11.8) (7.0) (1.4) (9.1) (6.9) (4.1) 0.9 0.9 (0.0) (12.2) 1.9 (0.3) (2.9) (3.5) (4.6) (3.8) (5.8) (3.3) 0.1 1.2 8.8 2.2 3.1 4.2 5.2 2.7 4.4 4.1 4.1
Net Income 4.1 (3) (1.2) (4.9) (3.7) (1.8) 0.4 4.1 (9.2) (10.9) (5.1) (3.9) 3.6 33.4 (0.8) (6.2) (6.8) (8.2) (6.9) (6.9) (5.3) (19.9) (2.4) (20.6) (1.1) (2.0) (1.0) 3.5 2.0 (1.3) 2.5 10.5 6.2 (0.6) 1.4 1.7 2.6 12.6 2.9 3.5 3.5
EPS (Diluted) -0.08 -0.10 -0.04 -0.16 -0.13 -0.06 0.01 0.14 -0.35 -0.42 -0.20 -0.15 -0.28 -0.16 -0.03 -0.25 -0.27 -0.33 -0.28 -0.28 -0.21 -0.81 -0.10 -0.86 -0.04 -0.08 -0.04 0.14 0.09 -0.07 0.12 0.50 0.30 -0.04 0.08 0.12 0.18 1.00 0.20 0.27 0.27
Balance Sheet
Cash & Equivalents 47.3 103.2 73.4 60.1 35.9 81.8 74.9 62.3 105.4 132.0 107.6 91.8 85.3 113.6 166.4 165.3 316.0 331.5 321.8 309.6 319.7 72.2 300.2 291.0 517.9 185.0 192.4 140.1 138.9 41.3 48.6 45.8 38.8 37.6 5.4 5.7 (6.8) 6.8 (10.1)
Total Assets 984.2 1,120.1 1,033.3 1,022.5 964.4 989.2 1,029.7 1,002.1 1,085.5 1,101.0 1,070.1 917.3 861.1 929.3 1,008.4 1,024.3 1,054.2 1,065.5 1,100.9 1,094.4 1,070.3 890.6 670.4 658.0 665.3 353.5 321.0 313.5 303.7 150.4 149.1 136.6 115.8 104.5 72.5 68.2 0 70.0 0
Total Debt 423.2 701.2 479.6 480.1 479.2 503.6 529.0 544.6 643.8 644.5 645.5 426.2 427.5 492.6 650.8 652.3 653.8 503.2 497.7 492.2 486.1 304.9 298.3 295.0 291.8 24.7 0 0 0 0 0 0 0.1 0.1 38.4 41.4 0 44.8 0
Stockholders' Equity 405.7 400.0 392.7 384.5 345.4 312.5 336.6 307.4 298.2 297.4 280.0 291.9 289.4 272.2 194.6 219.8 251.5 412.6 429.3 445.0 442.7 429.9 313.1 312.9 328.2 270.1 270.4 269.1 261.9 108.8 108.2 101.4 83.2 76.7 7.3 5.0 (0.6) (0.6) 2.7
Cash Flow
Operating Cash Flow 8.8 38.6 22.2 31.7 (3.1) 36.5 20.5 24.4 2.5 19.3 23.0 3.1 (6.4) 10.6 24.0 7.0 (6.7) 17.1 14.8 (1.7) 3.0 (18.8) 23.6 7.3 (18.7) 2.2 1.9 3.6 (9.0) 0.6 6.9 5.9 11.2 4.8 4.8 6.0 (1.0) 0.0 0.2 2.5 2.5
Capital Expenditure (7.1) (7.5) (6.2) (3.6) (7.4) (6.2) (6.2) (6.1) (6.9) (6.2) (4.8) (1.0) (4.5) (28.8) (10.5) (18.9) (5.9) (8.8) (2.7) (35.2) (7.9) (3.2) (2.3) (4.6) (4.4) (9.9) (6.3) (7.7) (1.8) (6.0) (3.8) (3.3) (1.4) (3.1) (2.1) (2.0) (0.8) (1.8) (0.9) (1.2) (1.2)
Free Cash Flow 1.7 31.1 16.0 28.2 (10.5) 30.3 14.2 18.3 (4.4) 13.0 18.2 2.1 (10.9) (18.2) 13.5 (11.9) (12.6) 8.3 12.2 (36.9) (4.9) (22.0) 21.3 2.7 (23.1) (7.7) (4.4) (4.1) (10.9) (5.4) 3.1 2.6 9.8 1.7 2.7 4.1 (1.8) (1.8) (0.7) 1.3 1.3