BKKT - Bakkt Holdings, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$12.00
DETAILS
HIGH:
$12.00
LOW:
$12.00
MEDIAN:
$12.00
CONSENSUS:
$12.00
UPSIDE:
60.00%
| Metric | 2026 Q2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||
| Revenue | 170.1 | 243.6 | 299.2 | 402.2 | 577.9 | 1,074.9 | 1,797.3 | 328.4 | 509.9 | 854.6 | 214.5 | 204.8 | 347.6 | 13.2 | 15.9 | 13.2 | 14.0 | 12.5 | 13.7 | 9.1 | 8.5 | 8.1 | 9.4 | 6.6 | 8.9 | 3.5 |
| Cost of Revenue | 169.3 | 246.6 | 347.2 | 418.4 | 27.1 | 26.6 | 1,766.7 | 312.8 | 491.7 | 832.0 | 196.9 | 189.4 | 331.8 | 0.4 | 38.8 | 0.4 | 0.5 | 0 | 102.9 | 28.7 | 24.6 | 18.9 | 16.5 | 17.3 | 14.3 | 10.5 |
| Gross Profit | 0.9 | (3.0) | (48.1) | (16.2) | 550.8 | 1,048.3 | 30.6 | 15.6 | 18.2 | 22.6 | 17.6 | 15.3 | 15.8 | 12.9 | (22.9) | 12.9 | 13.6 | 12.5 | (89.2) | (19.6) | (16.1) | (10.8) | (7.1) | (10.7) | (5.4) | (7.0) |
| Operating Expenses | ||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | 0 | 0 | 0 | 4 | 0 | 0 | 0 | 0.9 | 0 | 0 | 0 |
| SG&A Expenses | 18.2 | 13.9 | 15.8 | 20.9 | 30.7 | 30.4 | 28.1 | 39.2 | 35.2 | 41.9 | 36.3 | 39.6 | 41.9 | 48.9 | 8.4 | 52.4 | 50.1 | 53.6 | 9.3 | 0 | 0 | 6.1 | 4.7 | 1.7 | 1.0 | 0.8 |
| Other Expenses | 2.3 | 0.0 | (0.1) | (11.8) | 538.6 | 1,036.4 | 14.2 | 3.8 | 5.0 | 12.5 | 59.8 | 28.7 | 25.0 | 9.4 | 298.9 | 1,555.3 | 7.0 | 7.5 | 22.5 | 10.3 | 15.2 | 11.5 | 16.0 | 0 | 3.8 | 0 |
| Operating Expenses | 20.5 | 13.9 | 15.8 | 9.0 | 569.3 | 1,066.9 | 42.3 | 43.0 | 40.2 | 54.4 | 96.1 | 68.2 | 66.9 | 58.3 | 309.1 | 1,607.8 | 57.1 | 61.0 | 35.8 | 10.3 | 15.2 | 17.6 | 21.7 | 7.1 | 4.8 | 15.1 |
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (19.6) | (16.9) | (63.8) | (25.3) | (18.5) | (18.5) | (11.7) | (27.4) | (22.0) | (31.8) | (78.5) | (52.9) | (51.1) | (45.4) | (332.0) | (1,594.9) | (43.6) | (48.5) | (125.0) | (29.9) | (31.3) | (28.4) | (28.7) | (15.3) | (10.2) | (9.9) |
| Interest Expense | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | – | 0 | 0 | 0 | 0.2 | 0.1 | 0.1 | 0.1 | – | – | 0 | 0 |
| Interest Income | 0.5 | 0.2 | 0.3 | 0.1 | 0 | 0.6 | 1.1 | 1.0 | 1.2 | 1.0 | 0.8 | 1.2 | 0.7 | 1.6 | 1.0 | 0.6 | 0.2 | 0.1 | (0.0) | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 |
| Profitability | ||||||||||||||||||||||||||
| EBITDA | 82.2 | (11.6) | (68.7) | (19.5) | (29.9) | (18.1) | (10.9) | (26.2) | (21.0) | (25.4) | (20.6) | (26.3) | (30.0) | (37.4) | (33.2) | (40.3) | (37.3) | (42.1) | (98.8) | (26.2) | (27.0) | (18.7) | (12.9) | (13.3) | (8.0) | (9.1) |
| EBIT | 81.1 | (11.6) | (68.8) | (19.7) | (30.0) | (18.3) | (10.9) | (26.4) | (21.1) | (25.4) | (23.7) | (30.2) | (33.9) | (40.4) | (39.3) | (46.7) | (43.4) | (48.0) | (105.9) | (28.1) | (28.8) | (20.6) | (15.4) | (15.3) | (9.9) | (9.9) |
| Income Before Tax | 81.1 | (11.6) | (68.8) | (21.6) | (30.1) | 16.3 | (40.3) | (6.4) | (35.4) | (21.1) | (78.7) | (51.5) | (50.4) | (44.8) | (323.9) | (1,593.2) | (32.7) | (46.5) | (203.5) | (28.8) | (31.7) | (28.8) | (29.2) | (18.0) | (10.3) | (21.7) |
| Income Tax Expense | 0.0 | 0.0 | (0.1) | (0.0) | 0.1 | 0.0 | 0.1 | (0.1) | 0.1 | 0.2 | 0.0 | 0.2 | 0.2 | 0.0 | 2.5 | (0.6) | (5.1) | (3.1) | 11.0 | 0.0 | 0.2 | 0.0 | 0.4 | 0.0 | 0.0 | 0.0 |
| Net Income | 80.8 | (11.7) | (85.3) | (14.9) | (14.7) | 7.7 | (19.2) | (2.9) | (16.4) | (8.2) | (26.7) | (17.3) | (16.8) | (14.0) | (98.9) | (468.1) | (3.9) | (7.1) | (93.7) | (28.8) | (31.9) | (28.8) | (29.6) | (18.0) | (10.4) | (21.7) |
| Per Share Data | ||||||||||||||||||||||||||
| EPS (Basic) | 1.96 | -0.87 | -6.37 | -2.19 | -2.16 | 1.18 | -2.95 | -0.45 | -2.67 | -1.86 | -7.25 | -4.74 | -4.69 | -4.27 | -30.52 | -152.80 | -0.05 | -0.11 | 0.84 | -0.01 | -0.64 | -0.58 | -0.00 | -0.00 | -0.02 | -0.04 |
| EPS (Diluted) | 1.94 | -0.87 | -6.37 | -2.19 | -2.16 | 1.13 | -2.95 | -0.45 | -2.67 | -1.86 | -7.25 | -4.74 | -4.69 | -4.27 | -30.50 | -152.80 | -0.05 | -2.78 | 0.84 | -0.01 | -0.64 | -0.58 | -0.00 | -0.00 | -0.02 | -0.04 |
| Shares Outstanding | 41.2 | 13.4 | 13.4 | 6.8 | 6.8 | 6.5 | 6.5 | 6.4 | 6.2 | 4.4 | 3.7 | 3.7 | 3.6 | 3.3 | 3.2 | 3.1 | 71.2 | 2.3 | 54.0 | 50.0 | 50.0 | 50.0 | 852.8 | 717.6 | 650.1 | 616.3 |
| Metric | 2026 Q2 | 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 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||
| Cash & Cash Equivalents | 50.0 | 80.0 | 27.0 | 58.3 | 43.5 | 23.0 | 39.0 | 29.0 | 47.5 | 100.6 | 84.7 | 68.2 | 84.5 | 50.8 | 98.3 | 159.8 | 126.8 | 355.2 | 407.9 | 22.1 | 50.1 | 70.2 | 75.4 | 0 | (78.6) |
| Short-Term Investments | 20.6 | 0.2 | 0.2 | 5.1 | 0 | 0 | 1.2 | 6.7 | 13.2 | 18.0 | 17.4 | 22.7 | 14.9 | 66.8 | 141.1 | 113.9 | 188.7 | 0 | 0 | 2.3 | 0 | 4.1 | 1.8 | 0 | 157.2 |
| Net Receivables | 11.3 | 13.0 | 14.4 | 10.3 | 21.7 | 27.0 | 24.6 | 26.8 | 22.7 | 37.2 | 29.7 | 21.7 | 21.0 | 25.4 | 25.3 | 22.1 | 21.8 | 18.0 | 18.1 | 13.3 | 11.9 | 10.3 | 8.1 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 105.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 15.6 | 20.1 | 15.4 | 38.8 | 39.5 | 35.4 | 113.6 | 1,035.3 | 1,061.9 | 1,321.8 | 737.8 | 562.2 | 685.1 | 26.6 | 32.9 | 136.5 | 164.2 | 18.6 | 0.6 | 16.9 | 23.0 | 16.8 | 41.4 | 0 | 0 |
| Total Current Assets | 97.4 | 125.0 | 72.2 | 120.5 | 110.5 | 92.5 | 183.8 | 1,097.8 | 1,157.4 | 1,490.3 | 882.6 | 694.2 | 829.2 | 282.3 | 326.5 | 459.0 | 532.8 | 428.0 | 463.5 | 59.5 | 85.0 | 104.7 | 132.1 | 0 | 78.6 |
| Non-Current Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment | 2.1 | 2.3 | 1.7 | 6.8 | 8.9 | 9.3 | 11.8 | 1.8 | 12.4 | 12.3 | 11.5 | 41.6 | 42.1 | 20.1 | 39.4 | 49.8 | 42.5 | 27.2 | 17.4 | 28.1 | 26 | 23.1 | 22.2 | 0 | 0 |
| Goodwill | 156.7 | 64.7 | 64.7 | 64.7 | 64.7 | 68.0 | 68.0 | 68.0 | 68.0 | 68.0 | 68.0 | 66.5 | 66.9 | 15.9 | 15.9 | 137.2 | 1,527.1 | 1,527.1 | 1,527.1 | 233.4 | 233.4 | 233.4 | 233.4 | 0 | 0 |
| Intangible Assets | 22.9 | 5.5 | 5.5 | 5.5 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 2.9 | 41.7 | 67.7 | 54.4 | 55.8 | 214.4 | 377.7 | 383.1 | 388.5 | 57.3 | 59.0 | 60.6 | 62.2 | 0 | 0 |
| Long-Term Investments | 0 | 10.9 | 11.1 | 11.5 | 0 | 0 | 0 | 0 | 0 | 0 | 2.9 | 0 | 0 | (66.2) | 0 | 0 | (188.1) | 0 | 0 | 0 | 0 | 0 | 2.7 | 0 | 0 |
| Other Non-Current Assets | 124.6 | 4.9 | 7.6 | 49.3 | 3.2 | 3.6 | 2.8 | 12.3 | 2.2 | 1.9 | (1.1) | 2.7 | 17.9 | 40.7 | 18.0 | 18.1 | 18.1 | 18.5 | 17.8 | 19.4 | 19.6 | 19.8 | 15.7 | 0 | (78.6) |
| Total Non-Current Assets | 306.2 | 88.4 | 90.6 | 137.8 | 79.7 | 83.8 | 85.5 | 84.9 | 85.5 | 85.2 | 85.8 | 152.6 | 194.5 | 131.1 | 129.0 | 419.5 | 1,965.4 | 1,956.0 | 1,952.9 | 338.3 | 337.9 | 336.9 | 336.3 | 0 | (78.6) |
| Total Assets | 403.6 | 213.4 | 162.8 | 258.3 | 190.1 | 176.3 | 269.4 | 1,182.7 | 1,242.9 | 1,575.5 | 968.4 | 846.7 | 1,023.7 | 413.3 | 455.5 | 878.5 | 2,498.1 | 2,384.0 | 2,416.5 | 397.7 | 422.9 | 441.6 | 468.4 | 0 | 0 |
| Current Liabilities | |||||||||||||||||||||||||
| Account Payables | 1.4 | 4.4 | 6.2 | 10.2 | 14.4 | 10.3 | 12.8 | 9.5 | 8.1 | 5.7 | 14.9 | 3.8 | 6.5 | 8.9 | 26.0 | 11.0 | 13.6 | 12.3 | 10.6 | 13.9 | 15.1 | 46.1 | 7.2 | 0 | 0 |
| Short-Term Debt | 0.0 | 0 | 0 | 0 | 22.3 | 0 | 0 | 9.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 18.3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0.8 | 0.8 | 1.6 | 1.5 | 1.6 | 2.0 | 2.3 | 3.3 | 4.3 | 4.4 | 3.8 | 3.8 | 4.0 | 3.8 | 4.1 | 4.4 | 4.6 | 4.3 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 29.6 | 0.1 | 2.2 | 21.6 | 2.0 | 1.6 | 1.0 | 974.3 | 976.0 | 1,237.9 | 702.6 | 506.4 | 660.0 | 27.0 | 16.6 | 120.5 | 148.2 | 33.5 | 26.7 | 26.7 | 29.0 | 6.5 | 20.1 | 0 | 0 |
| Total Current Liabilities | 31.0 | 30.3 | 33.0 | 53.8 | 93.2 | 58.4 | 137.7 | 1,041.9 | 1,077.4 | 1,398.3 | 802.1 | 593.6 | 721.0 | 84.3 | 92.1 | 184.3 | 220.1 | 72.9 | 73.6 | 66.6 | 64.8 | 52.6 | 51.1 | 0 | 0 |
| Non-Current Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 5.0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 1.5 | 0 | 0 | 0 | 0 | 2.7 | 22.4 | 0 | 13.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 18.2 | 12.2 | 17.0 | 65.7 | 23.3 | 14.7 | 46.9 | 15.8 | 38.8 | 21.0 | 2.4 | 14.7 | 14.8 | 1.8 | 0.8 | 4.9 | 5.3 | 29.1 | 19.5 | 31.0 | 30.0 | 29.3 | 27.8 | 0 | 0 |
| Total Non-Current Liabilities | 18.2 | 12.2 | 17.0 | 75.9 | 39.1 | 36.4 | 68.8 | 38.8 | 62.9 | 46.3 | 30.6 | 42.1 | 42.9 | 30.8 | 27.3 | 35.4 | 53.4 | 45.8 | 48.7 | 31.0 | 30.0 | 29.3 | 29.0 | 0 | 0 |
| Total Liabilities | 49.2 | 42.5 | 50.0 | 129.7 | 132.3 | 94.8 | 206.5 | 1,080.7 | 1,140.3 | 1,444.6 | 832.7 | 635.7 | 763.9 | 115.1 | 119.4 | 219.7 | 273.5 | 118.7 | 122.3 | 97.5 | 94.8 | 81.9 | 80.0 | 0 | 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 | 501.1 | 500.9 | 495.3 | 495.2 | 0 | 0 |
| Retained Earnings | (836.0) | (916.8) | (905.2) | (819.9) | (805.0) | (790.2) | (798.0) | (778.8) | (775.9) | (759.5) | (751.3) | (724.6) | (707.3) | (690.4) | (676.4) | (577.5) | (109.4) | (105.5) | (98.3) | (202.1) | (173.2) | (141.3) | (112.5) | 0 | 0 |
| Accumulated Other Comprehensive Income | 1.0 | 1.0 | 0.9 | (0.6) | (0.4) | (0.8) | (0.8) | (0.2) | (0.3) | (0.3) | (0.1) | (0.3) | (0.2) | (0.4) | (0.3) | (0.4) | (0.1) | (0.0) | (0.1) | 1.1 | 0.4 | 5.7 | 5.6 | 0 | 151.5 |
| Total Stockholders' Equity | 354.4 | 170.9 | 112.8 | 114.4 | 35.3 | 44.1 | 33.9 | 50.5 | 47.8 | 57.0 | 48.3 | 69.3 | 83.8 | 89.2 | 96.3 | 185.3 | 609.1 | 474.5 | 468.4 | 300.2 | 328.1 | 359.7 | 388.3 | 0 | 151.5 |
| Total Liabilities & Equity | 403.6 | 213.4 | 162.8 | 258.3 | 190.1 | 176.3 | 269.4 | 1,182.7 | 1,242.9 | 1,575.5 | 968.4 | 846.7 | 1,023.7 | 413.3 | 455.5 | 878.5 | 2,498.1 | 2,384.0 | 2,416.5 | 397.7 | 422.9 | 441.6 | 468.4 | 0 | 151.5 |
| Debt Metrics | |||||||||||||||||||||||||
| Total Debt | 0.1 | 0.1 | 0.5 | 12.5 | 39.3 | 22.9 | 23.5 | 34.5 | 25.2 | 26.2 | 27.2 | 28.1 | 28.9 | 29.6 | 26.4 | 26.5 | 22.9 | 17.0 | 29.0 | 0 | 0 | 0 | 2.3 | 0 | 0 |
| Net Debt | (49.9) | (79.9) | (26.4) | (45.8) | (4.2) | (0.1) | (15.5) | 5.5 | (22.3) | (74.4) | (57.6) | (40.1) | (55.7) | (21.2) | (71.9) | (133.3) | (103.9) | (338.2) | (378.9) | (22.1) | (50.1) | (70.2) | (73.1) | 0 | 78.6 |
| Metric | 2026 Q2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | 80.8 | (11.7) | (55.1) | (13.3) | (14.7) | 16.2 | (40.4) | (19.4) | (35.5) | (21.3) | (78.7) | (51.8) | (50.5) | (44.9) | (98.9) | (468.1) | (3.9) | (43.3) | (164.8) | (28.8) | (31.9) | (28.8) | (29.6) | (18.0) | (10.4) | (21.7) |
| Depreciation & Amortization | 1.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | (1.9) | 0.1 | 0.1 | 3.1 | 4.0 | 3.8 | 3.1 | 7.0 | 7.2 | 6.9 | 5.9 | 5.4 | 3.2 | 3.0 | 2.8 | 2.4 | 1.9 | 1.9 | 0.8 |
| Stock-Based Compensation | 1.9 | 2.8 | 0 | 0 | 0 | 3.3 | 2.8 | 2.6 | 2.4 | 8.0 | 1.2 | 3.3 | 4.4 | 7.9 | 0 | 0 | 0 | 13.3 | 45.9 | 0.6 | 1.3 | 1.3 | 1.7 | 0.8 | 0 | 10.5 |
| Change in Working Capital | 3.2 | 0.6 | 12.1 | (29.6) | 17.7 | (87.3) | 37.1 | (7.8) | (48.4) | 59.7 | 1.7 | 44.7 | 10.9 | (15.4) | 8.5 | (3.5) | 2.0 | (4.0) | (60.8) | (3.0) | 9.7 | 22.5 | (2.5) | 1.1 | 5.1 | (4.7) |
| Other Non-Cash Items | (101.8) | (4.0) | 36.3 | (3.8) | 2.2 | (33.7) | 31.8 | 1.4 | 15.5 | (8.1) | 65.9 | 24.4 | 0.0 | 2.0 | 62.5 | 431.6 | (27.1) | (1.9) | 79.2 | 2.9 | 0.3 | 1.3 | 26.5 | 4.7 | 1.1 | (2.8) |
| Operating Cash Flow | (14.8) | (12.1) | (6.7) | (46.7) | 5.4 | (101.3) | 31.4 | (25.1) | (65.9) | 38.4 | (6.8) | 24.6 | (31.2) | (47.2) | (23.7) | (33.5) | (27.3) | (33.2) | (83.4) | (25.1) | (17.7) | (1.0) | (1.4) | (9.5) | (2.3) | (17.8) |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditure | (1.3) | (0.7) | (0.5) | (3.2) | (0.0) | (0.1) | (0.3) | 2.2 | (0.5) | (1.8) | (1.5) | (1.9) | (2.3) | (3.7) | (8.0) | (7.8) | (11.6) | (3.1) | (3.6) | (2.6) | (4.2) | (4.1) | (3.7) | (7.1) | (6.7) | (3.1) |
| Acquisitions | (3.2) | 0 | (37.7) | 0 | 4.5 | 0 | 0 | 0 | 0 | 0 | (3.6) | 0.0 | (44.4) | (0.6) | 0 | 0 | 0 | 0 | 30.8 | 0 | 0 | 0 | 0 | 0 | 0 | 10.7 |
| Purchases of Investments | 0 | (0.0) | (50.1) | (16.6) | 0 | 0 | 8.0 | (8.0) | 0 | (18.0) | (17.2) | (17.6) | 2.3 | (27.0) | (117.8) | 0.4 | (189.2) | 0 | 3.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 55 | 0 | 0 | 0 | (1.5) | 14.4 | 4.8 | 17.5 | 22.6 | 10.0 | 52.1 | 101.0 | 90.5 | 74.7 | 0 | 0 | 2.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (9.9) | 2.7 | 10.6 | 0 | 0 | 0 | 0 | (2.8) | 0 | 0 | 0 | 0 | (2.3) | 0 | 0 | 0 | 0 | 0 | (5.5) | 0.0 | 1.8 | 0 | 0 | 0 | 2 | (0.0) |
| Investing Cash Flow | (14.4) | 1.9 | (22.7) | (19.8) | 4.5 | (0.1) | 6.2 | 5.9 | 4.3 | (2.3) | 0.3 | (9.4) | 5.4 | 69.7 | (35.4) | 67.4 | (200.8) | (3.1) | 27.3 | (2.6) | (2.4) | (4.1) | (3.7) | (7.1) | (4.7) | 7.5 |
| Financing Activities | ||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | (4.1) | 14.3 | 18.8 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.4) | (0.0) | (0.0) | (0.0) | 0 | 0 | 0 | 0 |
| Stock Repurchased | (2.9) | (0.3) | 0 | 0 | (0.8) | 0 | 2.4 | (0.1) | 0 | 0 | (0.1) | 0 | (2.5) | 0 | (2.6) | 0 | 0 | 0 | (84.5) | 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 |
| Other Financing Activities | 3.3 | 0 | 0.3 | (24.7) | (0.8) | (0.9) | (2.7) | 0 | (0.1) | (2.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (7.3) | 0 | 0 | 0 | (0.0) | (0.2) | (0.1) | 37.8 |
| Financing Cash Flow | 0.5 | 66.8 | (3.4) | 60.1 | 17.2 | 4.1 | (0.3) | (0.1) | 7.5 | 36.7 | (0.1) | 0 | (2.5) | 0 | (2.6) | 0.0 | 0.0 | 0.0 | 256.8 | (0.0) | (0.0) | (0.0) | (0.0) | (0.2) | (0.1) | 37.8 |
| Cash Position | ||||||||||||||||||||||||||
| Net Change in Cash | (28.8) | 55.0 | (36.9) | 3.0 | 18.7 | (97.3) | 36.3 | (19.0) | (54.3) | 72.3 | (6.2) | 14.8 | (28.0) | 22.5 | (61.5) | 33.1 | (228.4) | (36.1) | 200.5 | (27.9) | (20.1) | (5.0) | (4.9) | (16.6) | (7.0) | 27.2 |
| Cash at Beginning | 101.6 | 27.5 | 64.4 | 61.5 | 42.8 | 153.7 | 117.5 | 136.5 | 190.8 | 118.5 | 124.7 | 109.9 | 137.9 | 115.4 | 176.4 | 143.3 | 371.7 | 408.4 | 207.9 | 66.9 | 87.0 | 91.9 | 96.8 | 113.4 | 120.4 | 93.1 |
| Cash at End | 72.8 | 82.6 | 27.5 | 64.4 | 61.5 | 56.5 | 153.7 | 117.5 | 136.5 | 190.8 | 118.5 | 124.7 | 109.9 | 137.9 | 114.8 | 176.4 | 143.3 | 372.3 | 408.4 | 39.0 | 66.9 | 87.0 | 91.9 | 96.8 | 113.4 | 120.4 |
| Free Cash Flow | (16.1) | (12.8) | (7.1) | (49.9) | 5.3 | (101.4) | 31.1 | (22.8) | (66.4) | 36.6 | (8.3) | 22.7 | (33.6) | (51.0) | (31.7) | (41.2) | (38.9) | (36.3) | (87.0) | (27.7) | (21.9) | (5.0) | (5.1) | (16.5) | (9.0) | (20.9) |
| Key Metrics | 2026 Q2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||
| Revenue | 170.1 | 243.6 | 299.2 | 402.2 | 577.9 | 1,074.9 | 1,797.3 | 328.4 | 509.9 | 854.6 | 214.5 | 204.8 | 347.6 | 13.2 | 15.9 | 13.2 | 14.0 | 12.5 | 13.7 | 9.1 | 8.5 | 8.1 | 9.4 | 6.6 | 8.9 | 3.5 |
| Gross Profit | 0.9 | (3.0) | (48.1) | (16.2) | 550.8 | 1,048.3 | 30.6 | 15.6 | 18.2 | 22.6 | 17.6 | 15.3 | 15.8 | 12.9 | (22.9) | 12.9 | 13.6 | 12.5 | (89.2) | (19.6) | (16.1) | (10.8) | (7.1) | (10.7) | (5.4) | (7.0) |
| Operating Income | (19.6) | (16.9) | (63.8) | (25.3) | (18.5) | (18.5) | (11.7) | (27.4) | (22.0) | (31.8) | (78.5) | (52.9) | (51.1) | (45.4) | (332.0) | (1,594.9) | (43.6) | (48.5) | (125.0) | (29.9) | (31.3) | (28.4) | (28.7) | (15.3) | (10.2) | (9.9) |
| Net Income | 80.8 | (11.7) | (85.3) | (14.9) | (14.7) | 7.7 | (19.2) | (2.9) | (16.4) | (8.2) | (26.7) | (17.3) | (16.8) | (14.0) | (98.9) | (468.1) | (3.9) | (7.1) | (93.7) | (28.8) | (31.9) | (28.8) | (29.6) | (18.0) | (10.4) | (21.7) |
| EPS (Diluted) | 1.94 | -0.87 | -6.37 | -2.19 | -2.16 | 1.13 | -2.95 | -0.45 | -2.67 | -1.86 | -7.25 | -4.74 | -4.69 | -4.27 | -30.50 | -152.80 | -0.05 | -2.78 | 0.84 | -0.01 | -0.64 | -0.58 | -0.00 | -0.00 | -0.02 | -0.04 |
| Balance Sheet | ||||||||||||||||||||||||||
| Cash & Equivalents | 50.0 | 80.0 | 27.0 | 58.3 | 43.5 | 23.0 | 39.0 | 29.0 | 47.5 | 100.6 | 84.7 | 68.2 | 84.5 | 50.8 | 98.3 | 159.8 | 126.8 | 355.2 | 407.9 | 22.1 | 50.1 | 70.2 | 75.4 | 0 | (78.6) | |
| Total Assets | 403.6 | 213.4 | 162.8 | 258.3 | 190.1 | 176.3 | 269.4 | 1,182.7 | 1,242.9 | 1,575.5 | 968.4 | 846.7 | 1,023.7 | 413.3 | 455.5 | 878.5 | 2,498.1 | 2,384.0 | 2,416.5 | 397.7 | 422.9 | 441.6 | 468.4 | 0 | 0 | |
| Total Debt | 0.1 | 0.1 | 0.5 | 12.5 | 39.3 | 22.9 | 23.5 | 34.5 | 25.2 | 26.2 | 27.2 | 28.1 | 28.9 | 29.6 | 26.4 | 26.5 | 22.9 | 17.0 | 29.0 | 0 | 0 | 0 | 2.3 | 0 | 0 | |
| Stockholders' Equity | 354.4 | 170.9 | 112.8 | 114.4 | 35.3 | 44.1 | 33.9 | 50.5 | 47.8 | 57.0 | 48.3 | 69.3 | 83.8 | 89.2 | 96.3 | 185.3 | 609.1 | 474.5 | 468.4 | 300.2 | 328.1 | 359.7 | 388.3 | 0 | 151.5 | |
| Cash Flow | ||||||||||||||||||||||||||
| Operating Cash Flow | (14.8) | (12.1) | (6.7) | (46.7) | 5.4 | (101.3) | 31.4 | (25.1) | (65.9) | 38.4 | (6.8) | 24.6 | (31.2) | (47.2) | (23.7) | (33.5) | (27.3) | (33.2) | (83.4) | (25.1) | (17.7) | (1.0) | (1.4) | (9.5) | (2.3) | (17.8) |
| Capital Expenditure | (1.3) | (0.7) | (0.5) | (3.2) | (0.0) | (0.1) | (0.3) | 2.2 | (0.5) | (1.8) | (1.5) | (1.9) | (2.3) | (3.7) | (8.0) | (7.8) | (11.6) | (3.1) | (3.6) | (2.6) | (4.2) | (4.1) | (3.7) | (7.1) | (6.7) | (3.1) |
| Free Cash Flow | (16.1) | (12.8) | (7.1) | (49.9) | 5.3 | (101.4) | 31.1 | (22.8) | (66.4) | 36.6 | (8.3) | 22.7 | (33.6) | (51.0) | (31.7) | (41.2) | (38.9) | (36.3) | (87.0) | (27.7) | (21.9) | (5.0) | (5.1) | (16.5) | (9.0) | (20.9) |