BlackLine, Inc. logo BL - BlackLine, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 11
HOLD 12
SELL 2
STRONG
SELL
0
| PRICE TARGET: $42.00 DETAILS
HIGH: $50.00
LOW: $32.00
MEDIAN: $40.00
CONSENSUS: $42.00
UPSIDE: 45.33%
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
Revenue
Revenue 183.2 183.2 178.3 172.0 166.9 169.5 165.9 160.5 157.5 155.7 150.7 144.6 139.0 140.0 134.3 128.5 120.2 115.3 109.4 102.1 98.9 95.7 90.2 83.3 82.6 80.3 74.9 69.7 64.1 62.3 58.7 55.5 51.3 50.2 45.9 42.3 38.6 35.3 32.2 29.0 26.6 24.5 21.7 19.4 18.0 16.1 14.3
Cost of Revenue 44.0 45.7 44.4 42.6 40.9 41.4 41.1 40.3 39.1 37.6 36.8 37.1 35.3 33.4 32.4 32.9 30.7 28.0 24.4 23.6 21.9 19.2 17.0 16.7 16.1 15.1 15.3 14.9 13.6 13.9 13.5 11.9 11.6 11.0 10.9 10.4 9.2 8.7 7.5 7.1 6.9 6.3 5.9 5.5 5.0 4.4 4.4
Gross Profit 139.2 137.5 133.9 129.4 126.0 128.0 124.8 120.2 118.4 118.1 113.9 107.5 103.7 106.6 101.8 95.6 89.6 87.4 85.0 78.5 77.0 76.5 73.2 66.5 66.5 65.1 59.6 54.7 50.5 48.4 45.2 43.6 39.7 39.3 35.0 31.9 29.4 26.7 24.7 22.0 19.6 18.1 15.7 13.9 13.1 11.7 9.9
Operating Expenses
R&D Expenses 30.6 28.2 30.6 28.0 25.7 24.6 25.6 25.7 25.0 22.6 26.7 26.8 27.1 28.0 27.7 27.9 25.2 20.7 18.8 18.8 19.0 18.0 14.8 11.8 11.7 10.3 11.6 10.8 10.3 8.8 7.3 7.8 6.9 6.0 5.9 6.0 5.9 5.6 5.1 5.2 5.3 5.3 4.9 6 3.6 9.4 2.6
SG&A Expenses 100.7 94.9 96.7 92.8 91.4 97.2 90.4 91.3 91.2 81.6 79.6 62.6 90.9 71.5 95.5 80.3 89.7 82.8 60.2 69.4 76.7 65.7 60.4 58.0 62.1 59.6 55.9 49.9 49.5 48.1 43.0 44.6 40.3 38.9 42.3 33.8 31.7 29.8 26.7 25.0 24.1 22.8 20.7 18.5 15.4 14.5 11.3
Other Expenses 0 (0.3) (1.0) 1.0 5.3 (0.0) 0.4 0.9 0.4 1.2 8.7 0.1 1.0 3.8 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 131.2 122.8 126.3 121.9 122.4 121.8 116.4 118.0 116.6 105.3 115.0 89.5 119.0 103.3 123.3 108.2 114.9 103.5 79.0 88.2 95.7 83.7 75.2 69.9 73.9 69.9 67.5 60.7 59.8 56.9 50.2 52.4 47.2 45.0 48.2 39.8 37.7 35.4 31.8 30.2 29.4 28.1 25.6 23.3 19.0 19.0 15.0
Operating Income
Operating Income 7.9 14.7 7.6 7.5 3.6 6.2 8.4 2.2 1.7 12.8 (1.1) 17.9 (15.3) 3.3 (21.4) (12.7) (25.4) (16.2) 6.0 (9.7) (18.7) (7.2) (2.0) (3.3) (7.3) (4.7) (7.9) (6.0) (9.3) (8.4) (5.0) (8.8) (7.6) (5.7) (13.2) (7.9) (8.3) (8.7) (7.2) (8.3) (9.8) (10.0) (9.8) (9.1) (5.9) (5.8) (4.0)
Interest Expense 2.5 2.5 2.5 2.5 2.5 2.5 2.7 2.1 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.4 16.4 16.1 15.7 14.8 6.0 5.9 5.7 5.7 5.6 3.0 0 0 0 0 0 0.0 0 0.0 0.0 0.0 2.8 1.3 1.0 0.9 0.7 0.8 0 0 0 0
Interest Income 6.1 7.2 8.2 8.6 8.9 9.4 11.0 14.1 15.4 14.8 14.0 12.5 10.7 8.0 4.4 1.7 0.5 0.3 0.2 0.1 0.1 0.4 0.6 1.1 2.4 2.5 2.2 0.7 0.7 0.7 0.6 0.5 0.4 0.3 0.3 0.2 0.2 0 0 0 0.0 0 0 0.9 0.8 0.8 0.8
Profitability
EBITDA 24.5 26.6 27.5 27.6 24.0 27.7 32.3 94.0 29.8 40.5 25.9 42.8 7.4 23.1 (5.9) (0.3) (15.7) (7.8) 14.1 (2.7) (11.0) (0.6) 3.8 2.6 (0.4) 2.3 (0.4) 0.5 (2.9) (2.2) 1.8 (2.6) (1.8) (0.2) (7.2) (5.2) (4.3) (3.8) (2.8) (3.7) (5.7) (5.9) (6.1) (5.6) (2.5) (2.6) (0.7)
EBIT 12.3 14.7 15.8 16.1 12.5 15.6 19.3 81.4 17.1 27.6 13.0 30.5 (4.6) 11.3 (17.0) (11.0) (24.8) (15.9) 6.2 (9.6) (18.6) (6.8) (1.4) (2.2) (4.9) (2.2) (5.7) (5.2) (8.6) (7.8) (4.4) (8.3) (7.2) (5.4) (12.3) (10.1) (9.1) (8.7) (7.2) (8.0) (9.8) (10.0) (9.8) (9.1) (5.9) (5.8) (4.0)
Income Before Tax 9.8 11.5 13.3 13.6 9.9 13.1 16.7 79.3 15.6 26.2 11.5 29.0 (6.1) 9.8 (18.5) (12.4) (26.3) (32.3) (9.9) (25.3) (33.4) (12.8) (7.3) (8.0) (10.6) (7.8) (8.7) (5.2) (8.6) (7.8) (4.4) (8.3) (7.2) (5.4) (12.9) (10.1) (9.1) (17.7) (8.5) (8.9) (10.7) (11.0) (10.6) (10.2) (6.7) (8.1) (5.8)
Income Tax Expense 5.9 5.5 4.7 6.2 4.7 (50.4) 2.1 4.3 0.9 1.9 (2.0) 0.9 0.6 (0.7) 0.5 (0.5) (12.9) 0.2 (0.2) 0.3 (0.2) (0.2) 0.6 (0.0) 0.4 0.9 0.2 0.1 0.2 0.0 0.0 0.1 (0.0) 0.5 0.2 0.0 (0.1) (2.0) (1.8) (1.4) (1.3) (3.8) (3.8) (3.7) (2.4) (2.3) (1.9)
Net Income 8.1 4.9 5.3 8.3 6.1 56.4 17.2 76.7 10.8 22.1 11.9 30.8 (12.0) 11.3 (20.0) (10.7) (10.0) (37.0) (13.7) (25.4) (39.0) (17.0) (8.8) (8.3) (12.8) (9.2) (9.2) (5.2) (8.6) (7.7) (4.5) (8.5) (7.2) (5.8) (13.1) (10.1) (9.0) (15.7) (6.6) (7.5) (9.3) (7.2) (6.7) (6.5) (4.3) (5.8) (3.9)
Per Share Data
EPS (Basic) 0.14 0.08 0.09 0.13 0.10 0.90 0.32 1.24 0.18 0.36 0.20 0.51 -0.11 0.19 -0.32 -0.20 -0.23 -0.63 -0.23 -0.44 -0.67 -0.30 -0.15 -0.15 -0.23 -0.17 -0.17 -0.10 -0.16 -0.14 -0.08 -0.16 -0.13 -0.11 -0.25 -0.20 -0.18 -0.33 -0.13 -0.15 -0.19 -0.15 -0.14 -0.16 -0.11 -0.14 -0.10
EPS (Diluted) 0.13 0.08 0.09 0.13 0.09 0.79 0.27 1.06 0.15 0.30 0.17 0.43 -0.11 0.16 -0.32 -0.20 -0.23 -0.63 -0.23 -0.44 -0.67 -0.30 -0.15 -0.15 -0.23 -0.16 -0.17 -0.09 -0.16 -0.14 -0.08 -0.16 -0.13 -0.11 -0.25 -0.20 -0.18 -0.33 -0.13 -0.15 -0.19 -0.15 -0.14 -0.16 -0.11 -0.14 -0.10
Shares Outstanding 59.4 59.6 62.0 62.5 62.8 62.6 62.2 62.0 61.6 61.4 61.1 60.7 60.2 59.9 58.9 59.2 58.9 58.8 58.5 57.8 57.9 56.9 57.1 55.5 55.8 54.1 54.2 53.6 54.8 54.2 54.3 52.9 53.2 52.9 52.5 50.7 51.2 47.7 49.3 49.3 49.3 49.3 49.3 40.5 40.4 40.2 40.1
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
Current Assets
Cash & Cash Equivalents 242.0 390.0 419.9 459.1 479.5 885.9 725.3 616.6 331.4 271.1 236.2 204.5 222.6 201.0 190.5 208.5 365.5 539.7 379.0 643.3 848.3 367.4 408.1 471.6 311.0 120.2 528.2 63.3 49.7 46.2 38.4 28.7 30.9 31.1 24.6 23.5 23.4 22.1 19.6 13.6 13.5
Short-Term Investments 283.0 388.2 384.3 398.3 386.9 0 121.0 428.5 913.5 933.4 925.7 921.7 865.3 874.1 855.4 821.1 666.1 659.0 799.0 524.9 309.0 175.2 117.4 154.9 303.0 487.5 68.3 81.9 85.1 86.4 86.7 86.2 83.2 81.5 85.1 83.7 77.9 83.1 0 0 0
Net Receivables 174.9 218.1 155.6 175.0 146.6 178.1 136.5 137.4 125.6 171.6 130.5 129.8 120.4 150.9 108.8 120.7 117.6 125.1 105.0 100.9 89.4 111.3 91.1 98.1 90.1 102.8 81.9 79.1 72.3 74.9 63.4 61.1 57.0 61.6 45.2 43.5 43.9 42.3 36.8 25.6 25.7
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 0 0
Other Current Assets 32.1 28.9 24.0 23.7 30.3 28.3 30.4 27.7 33.2 31.2 26.7 27.7 34.9 23.7 0 0 0 0 0 18.3 0 0 0 0 0 0 0 0 12.2 14.0 16.0 0.2 0 5.7 10.9 9.8 9.5 9.7 7.2 6.3 6.0
Total Current Assets 732.1 1,025.2 983.8 1,056.2 1,043.4 1,092.4 1,013.2 1,210.2 1,403.7 1,407.3 1,319.1 1,283.7 1,243.2 1,249.6 1,177.1 1,171.5 1,171.5 1,347.7 1,301.4 1,287.4 1,267.5 674.1 754.0 739.9 720.6 723.4 689.3 235.8 219.3 221.5 204.5 192.5 186.7 194.0 172.7 167.5 162.5 163.8 68.0 49.5 49.0
Non-Current Assets
Property, Plant & Equipment 32.5 36.0 36.9 39.5 41.1 34.6 34.6 30.0 32.3 34.0 35.2 38.3 33.0 34.5 35.9 35.7 32.9 32.6 20.0 19.4 21.1 21.9 20.1 22.5 24.6 25.6 26.3 27.2 27.4 13.5 13.2 13.8 13.3 12.8 12.1 11.0 11.3 11.3 11.9 11.7 12.2
Goodwill 465.7 465.8 449.0 449.0 449.0 449.0 449.0 449.0 449.0 449.0 449.0 443.9 443.9 443.9 443.9 443.9 443.9 289.7 289.7 289.7 289.7 289.7 185.1 185.1 185.1 185.1 185.1 185.1 185.1 185.1 185.1 185.1 185.1 185.1 185.1 185.1 185.1 185.1 185.1 163.2 163.2
Intangible Assets 45.6 49.4 97.7 100.0 102.0 105.0 107.0 109.5 112.8 116.9 121.2 117.0 120.2 122.9 126.5 129.3 136.2 59.7 64.1 64.2 61.6 64.7 31.0 31.0 28.5 28.8 28.5 30.9 33.7 36.8 39.8 42.5 45.0 47.6 50.3 52.8 55.8 58.7 61.5 54.4 57.1
Long-Term Investments 0 0 0 0 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.3 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 141.9 143.8 91.9 92.3 91.2 90.9 91.4 91.9 91.2 93.4 91.6 92.5 92.4 92.8 94.3 93.2 85.8 87.9 75.2 71.4 68.8 63.0 56.6 54.7 52.6 51.6 46.5 44.5 39.4 36.9 32.1 30.5 28.4 1.4 1.9 1.5 1.5 1.4 4.7 4.0 3.7
Total Non-Current Assets 723.4 734.3 720.0 736.5 737.8 732.6 681.9 680.5 685.2 693.4 697.0 691.6 689.5 694.1 700.6 702.1 698.8 469.9 449.0 444.7 441.3 439.4 292.8 293.3 290.8 291.1 286.4 287.7 285.6 272.3 270.2 271.9 271.8 246.9 249.4 250.4 253.7 256.6 263.2 233.3 236.2
Total Assets 1,455.5 1,759.5 1,703.8 1,792.7 1,781.1 1,825.0 1,695.2 1,890.7 2,088.9 2,100.8 2,016.1 1,975.4 1,932.7 1,943.7 1,877.7 1,873.6 1,870.2 1,817.6 1,750.4 1,732.1 1,708.8 1,113.5 1,046.8 1,033.2 1,011.4 1,014.6 975.6 523.5 505.0 493.9 474.7 464.4 458.5 440.9 422.1 418.0 416.2 420.4 331.2 282.8 285.2
Current Liabilities
Account Payables 5.8 15.5 10.4 11.5 4.0 8.5 3.9 2.1 1.6 8.6 4.8 7.9 4.6 15.0 5.5 14.5 16.3 7.5 2.2 3.9 3.4 3.1 2.1 6.2 11.4 7.4 1.6 3.0 4.2 3.4 2.9 2.5 6.6 7.3 2.9 5.1 4.3 7.2 8.5 6.3 5.4
Short-Term Debt 4.9 234.5 229.8 229.6 229.4 0 0 249.9 249.6 249.2 248.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.8 5.0 5.0 0 0 0 0 0 0.9 0 1.3 1.6 2.2 0 0
Deferred Revenue 359.6 368.6 325.2 341.5 330.8 338.6 301.0 311.3 306.9 320.1 277.8 280.1 277.1 279.3 245.2 246.8 242.3 242.4 209.6 206.6 193.4 191.1 165.7 167.4 161.3 162.6 144.1 144.3 133.0 129.1 118.3 117.4 110.7 106.9 94.2 88.8 88.3 80.4 69.8 60.5 0
Other Current Liabilities 59.4 76.8 0 0 0 0 0 0 0 15.4 23.7 28.8 38.3 16.4 18.1 28.8 43.7 16.4 10.4 19.5 23.1 16.7 7.9 7.6 7.0 7.1 5.1 2.9 3.3 9.7 11.3 10.0 6.8 5.7 9.3 5.6 9.9 8.4 9.9 63.6 59.8
Total Current Liabilities 429.7 695.4 646.9 643.8 630.3 422.2 377.3 619.7 609.9 642.6 605.9 355.0 363.5 367.8 314.6 328.3 339.5 322.6 256.2 259.8 248.2 242.3 203.6 203.0 199.6 207.0 178.2 174.7 162.6 159.2 143.3 141.2 131.5 137.0 117.5 112.0 110.3 108.5 97.7 81.3 76.8
Non-Current Liabilities
Long-Term Debt 682.5 685.9 665.4 664.8 664.1 892.7 891.8 891.0 1,141.7 1,140.6 1,139.5 1,387.0 1,385.7 1,384.3 1,382.9 1,381.5 1,380.2 1,114.2 1,098.0 1,081.9 1,066.4 407.0 401.2 395.5 389.9 384.3 378.9 0 0 0 0 0 0 0 0 0 0 0 64.8 34.4 33.7
Deferred Tax Liabilities 4.6 5.2 4.7 4.8 4.3 4.5 4.8 5.0 5.3 6.4 6.0 5.6 5.5 5.6 5.3 5.5 5.8 8.2 9.5 9.8 11.8 6.6 4.8 4.7 4.6 4.6 1.2 1.1 1.1 1.1 1.3 1.4 1.5 1.3 1.0 1.1 1.1 1.3 3.9 3.0 0
Other Non-Current Liabilities 1.2 (19.3) 0.6 6.1 2.7 0.7 0.6 0.8 0.7 3.6 4.0 6.3 21.8 39.8 60.9 43.3 39.2 4.4 18.1 18.7 17.3 15.6 4.2 4.3 4.5 4.4 4.6 4.5 4.3 7.3 7.3 7.4 7.4 7.0 5.8 5.6 18.0 16.9 10.8 9.1 16.1
Total Non-Current Liabilities 688.3 692.7 690.4 699.8 697.1 919.6 920.3 913.2 1,165.3 1,167.3 1,166.7 1,417.7 1,423.0 1,440.1 1,460.6 1,442.5 1,439.5 1,141.3 1,131.4 1,117.2 1,102.8 436.6 418.1 413.3 408.8 404.0 396.6 17.5 17.6 8.7 8.9 9.2 9.4 9.2 8.9 9.3 21.5 20.6 81.0 48.6 49.7
Total Liabilities 1,118.0 1,388.1 1,337.3 1,343.6 1,327.4 1,341.9 1,297.6 1,532.9 1,775.2 1,809.8 1,772.6 1,772.7 1,786.5 1,807.9 1,775.1 1,770.8 1,779.0 1,463.8 1,387.6 1,377.0 1,351.0 678.9 621.7 616.3 608.4 611.0 574.8 192.2 180.2 167.9 152.3 150.4 141.0 146.3 126.3 121.2 131.9 129.0 178.7 130.0 126.6
Stockholders' Equity
Common Stock 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.4 2.0
Retained Earnings (21.3) (24.8) (30.4) (37.4) (44.1) (49.0) (111.8) (126.0) (200.5) (214.8) (238.8) (252.0) (279.8) (273.0) (283.4) (264.7) (252.9) (301.7) (269.4) (260.0) (234.7) (201.7) (189.3) (181.9) (174.2) (163.6) (152.8) (144.3) (139.2) (130.6) (122.9) (118.4) (109.9) (125.5) (119.6) (106.5) (96.4) (87.3) (71.7) (65.1) (57.5)
Accumulated Other Comprehensive Income (0.6) (0.3) (0.1) (0.2) (0.2) (0.4) (0.1) (0.6) (0.5) 0.2 (1.2) (1.5) (0.2) (1.5) (3.1) (1.0) 0.1 0.3 0.2 0.2 0.3 0.4 0.6 0.9 0.1 0.4 0.4 0.3 0.0 0.0 (0.1) (0.1) (0.1) (0.1) (0.0) (0.1) (0.0) (0.0) 0 0 0
Total Stockholders' Equity 305.9 332.3 328.3 414.0 417.9 446.7 367.9 325.8 279.8 260.9 215.7 176.4 117.0 111.9 77.9 79.2 66.1 325.0 340.7 337.0 339.6 422.1 416.9 409.8 396.2 398.6 396.4 327.2 320.5 321.6 322.4 314.1 317.6 294.6 295.8 296.8 284.3 291.4 152.5 152.8 158.6
Total Liabilities & Equity 1,455.5 1,759.5 1,703.8 1,792.7 1,781.1 1,825.0 1,695.2 1,890.7 2,088.9 2,100.8 2,016.1 1,975.4 1,932.7 1,943.7 1,877.7 1,873.6 1,870.2 1,817.6 1,750.4 1,732.1 1,708.8 1,113.5 1,046.8 1,033.2 1,011.4 1,014.6 975.6 523.5 505.0 493.9 474.7 464.4 458.5 440.9 422.1 418.0 416.2 420.4 331.2 282.8 285.2
Debt Metrics
Total Debt 687.3 940.3 920.2 921.4 921.6 916.6 917.6 1,159.8 1,411.3 1,410.5 1,409.9 1,410.6 1,401.8 1,401.3 1,400.2 1,398.8 1,399.8 1,133.6 1,107.0 1,092.4 1,077.7 418.5 413.3 408.7 404.2 399.9 395.3 16.7 17.0 0 0 0 0 0.4 0.4 0.4 0.4 1.0 64.8 35.0 33.7
Net Debt 445.3 550.2 500.3 462.3 442.1 30.7 192.3 543.2 1,079.9 1,139.4 1,173.7 1,206.1 1,179.2 1,200.3 1,209.6 1,190.4 1,034.3 593.9 728.0 449.1 229.4 51.1 5.3 (62.9) 93.2 279.7 (132.9) (46.6) (32.7) (46.2) (38.4) (28.7) (30.9) (30.7) (24.2) (23.1) (23.0) (21.1) 45.2 21.3 20.2
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 8.1 4.9 5.3 7.4 5.3 63.5 17.2 76.7 14.8 22.1 11.9 28.1 (6.7) 10.5 (19.0) (12.0) (13.4) (32.5) (9.7) (25.6) (33.2) (12.6) (7.7) (7.9) (11.0) (8.7) (8.9) (5.4) (8.8) (7.8) (4.5) (8.5) (7.2) (5.8) (13.1) (10.1) (9.0) (15.7) (6.6) (7.5) (9.3)
Depreciation & Amortization 12.2 11.9 11.7 11.5 11.5 12.1 12.9 12.7 12.6 12.8 12.9 12.3 12.0 11.8 11.2 10.7 9.1 7.0 6.7 6.9 6.5 6.3 5.2 4.9 4.6 4.5 5.3 5.8 5.7 5.6 5.8 5.5 5.4 5.2 5.1 4.9 4.8 4.7 4.4 4.2 4.1
Stock-Based Compensation 23.7 0 0 24.7 18.6 19.3 0 0 18.6 0 0 19.9 20.4 18.5 20.9 20.6 15.9 17.1 16.9 17.1 14.8 14.3 13.3 12.6 9.5 9.4 10.1 8.0 6.5 6.2 5.3 5.4 4.0 3.1 9.1 2.0 1.8 2.0 1.4 1.5 1.6
Change in Working Capital 5.6 (22.8) 9.8 (9.8) 12.6 0.1 5.9 (0.3) 11.0 (6.9) 9.7 (5.9) (1.6) 2.9 10.1 (1.1) 1.8 13.6 (3.7) (2.1) 16.7 0.2 3.5 (5.7) (1.8) (2.8) (1.1) (0.7) (1.3) 1.2 (1.5) 2.0 (0.1) (0.2) 1.8 2.4 (0.3) 3.4 6.0 4.3 (0.2)
Other Non-Cash Items (4.3) 26.4 26.0 (0.4) 0.1 2.1 20.1 (48.2) (5.6) 13.9 4.2 (30.1) (1.1) (18.3) 1.2 (12.0) 0.9 17.8 6.8 16.0 23.7 7.3 7.5 5.6 7.3 5.2 4.4 1.0 1.2 (0.1) (0.2) 0.3 (0.1) 0.2 0.7 2.7 1.2 2.3 1.0 0.5 0.5
Operating Cash Flow 46.3 26.7 63.8 32.3 46.7 43.8 55.9 40.7 50.4 42.2 37.0 24.6 22.9 25.8 24.2 5.9 0.2 22.1 17.1 12.4 28.5 14.8 21.8 9.6 8.5 8.2 9.9 8.6 3.0 4.8 4.8 4.7 1.8 2.8 3.5 1.9 (1.7) (5.9) 4.1 1.6 (4.7)
Investing Activities
Capital Expenditure (2.1) (0.6) (0.5) (1.0) (14.1) (0.8) (0.4) (0.7) (6.7) (2.0) (1.1) (6.6) (8.6) (5.5) (7.6) (10.9) (6.2) (6.8) (7.2) (4.2) (5.1) (6.7) (3.1) (6.1) (3.4) (2.5) (2.6) (2.3) (2.3) (2.7) (2.4) (3.5) (3.3) (1.6) (4.0) (1.5) (1.6) (1.4) (1.3) (1.2) (1.2)
Acquisitions 0 (16.2) 0 0 0 0 0 0 0 (0.0) (11.4) 5.4 (0.6) 10.3 2.4 4.5 (157.7) 0 3.7 3.5 133.7 2.1 (121.4) 0 2.3 1.3 1.2 1.4 1.2 1.0 1.5 1.5 1.7 1.3 1.4 0.9 (0.1) 0 (31.5) 0 0
Purchases of Investments (71.0) (140.0) (130.7) (92.0) (384.9) (0.3) 0 (101.1) (295.0) (360.9) (257.3) (413.9) (311.2) (428.1) (372.1) (464.2) (335.6) (73.0) (374.1) (424.9) (308.9) (150.0) (0.3) 0 (116.4) (472.4) (23.7) (39.5) (30.0) (18.9) (36.7) (36.7) (30.2) (25.0) (26.2) (25.4) 0.1 (83.2) 0 0 0
Sales/Maturities of Investments 175.9 141.2 148 84 0 121.3 310.5 592.9 322.7 363.5 263 364.5 328.8 416.5 338.5 309 328.2 213 100 209 175.2 91.8 36.7 149.1 301.1 54.5 37.4 43.2 31.8 19.6 36.5 34.0 28.5 28.6 24.9 19.4 5.2 0 0 0 0
Other Investing Activities (5.9) 0 0 0 (8.2) (6.2) 0 0 (6.5) 0 0 (5.4) 0.6 (10.3) (2.4) (4.5) (4.7) (3.3) (3.7) (3.5) (133.7) (2.7) 0.3 (5.0) (2.3) (1.3) (1.2) (1.4) (1.2) (1.0) (1.5) (1.5) (1.7) (1.3) (1.4) (0.9) 4.1 (84.1) (0.9) (0.7) (0.8)
Investing Cash Flow 96.9 (21.8) 10.5 (15.0) (399.0) 114.0 304.0 485.4 21.0 (4.2) (11.3) (56.0) 9.0 (17.1) (41.2) (166.1) (171.2) 133.2 (281.2) (220.0) (138.8) (62.8) (87.8) 143.0 181.3 (420.4) 11.1 1.4 (0.5) (2.1) (2.6) (6.3) (5.0) 2.1 (5.3) (7.5) 3.6 (84.6) (32.7) (1.2) (1.2)
Financing Activities
Net Debt Issuance (230.2) (0.0) (0.0) (0.0) (0.1) (0.2) (250.9) (245.9) (0.3) (0.3) (0.2) (0.2) (0.2) (0.2) (0.2) (0.1) (0.1) (0.0) 0 (0.3) 696.9 0 0 0 0 0 487.2 0 0 0 0 0 (0.4) 0 0 0 (0.5) (60.9) 29.6 0 4.7
Stock Repurchased (46.0) (34.8) (111.9) (43.3) (56.4) (3.9) (1.2) (1.4) (11.0) (0.9) (0.7) (1.0) (12.4) (1.7) (1.9) (1.8) (4.2) (4.4) (2.7) (4.8) (5.1) (2.1) (1.3) (1.3) (3.6) (0.6) (0.8) (0.9) (1.7) (0.0) (0.1) (3.2) (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 (13.1) 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (15.1) (2.0) (1.9) (2.1) 2.1 7.3 0 0 0.3 (10.9) 0 14.8 2.4 3.5 1.2 5.4 1.4 9.7 2.5 7.8 (100.4) 9.5 3.7 9.3 4.5 4.8 (42.5) 4.2 2.8 4.8 7.5 2.6 3.5 1.6 2.9 5.7 (0.0) (2.5) 4.9 (0.2) (0.6)
Financing Cash Flow (291.0) (34.2) (113.7) (37.9) (54.3) 3.2 (251.7) (240.7) (10.9) (3.3) 6.1 13.5 (10.2) 1.6 (0.8) 3.5 (2.9) 5.3 (0.2) 2.7 591.4 7.5 2.4 8.0 0.9 4.3 443.9 3.3 1.0 4.8 7.3 (0.6) 3.0 1.6 2.9 5.7 (0.6) 92.9 34.5 (0.2) 4.1
Cash Position
Net Change in Cash (148.0) (29.9) (39.2) (20.4) (406.4) 160.6 108.6 285.2 60.3 34.9 31.7 (18.0) 21.6 10.5 (18.0) (157.1) (174.2) 160.6 (264.4) (204.9) 480.8 (40.4) (63.5) 160.6 190.8 (408.0) 464.9 13.6 3.5 7.8 9.5 (2.2) (0.2) 6.5 1.1 0.1 1.3 2.5 5.9 0.2 (1.7)
Cash at Beginning 390.2 419.9 459.1 479.5 886.1 725.5 616.6 331.4 271.4 236.2 204.5 222.8 201.2 190.7 208.7 365.8 540.0 379.4 643.8 848.7 367.9 408.4 471.9 311.3 120.5 528.5 63.5 49.9 46.5 38.7 29.1 31.3 31.5 24.6 23.5 23.4 22.1 19.6 13.6 13.5 15.2
Cash at End 242.2 390.0 419.9 459.1 479.8 886.1 725.3 616.6 331.6 271.1 236.2 204.8 222.8 201.2 190.7 208.7 365.8 540.0 379.4 643.8 848.7 367.9 408.4 471.9 311.3 120.5 528.5 63.5 49.9 46.5 38.7 29.1 31.3 31.1 24.6 23.5 23.4 22.1 19.6 13.6 13.5
Free Cash Flow 44.2 26.1 63.3 31.4 32.6 43.0 55.5 40.0 43.7 40.1 35.9 18.0 14.3 20.3 16.6 (5.0) (6.0) 15.3 9.9 8.2 23.4 8.1 18.7 3.5 5.1 5.7 7.2 6.4 0.7 2.1 2.4 1.2 (1.5) 1.2 (0.5) 0.3 (3.3) (7.2) 2.9 0.4 (5.9)
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 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3
Income Statement
Revenue 183.2 183.2 178.3 172.0 166.9 169.5 165.9 160.5 157.5 155.7 150.7 144.6 139.0 140.0 134.3 128.5 120.2 115.3 109.4 102.1 98.9 95.7 90.2 83.3 82.6 80.3 74.9 69.7 64.1 62.3 58.7 55.5 51.3 50.2 45.9 42.3 38.6 35.3 32.2 29.0 26.6 24.5 21.7 19.4 18.0 16.1 14.3
Gross Profit 139.2 137.5 133.9 129.4 126.0 128.0 124.8 120.2 118.4 118.1 113.9 107.5 103.7 106.6 101.8 95.6 89.6 87.4 85.0 78.5 77.0 76.5 73.2 66.5 66.5 65.1 59.6 54.7 50.5 48.4 45.2 43.6 39.7 39.3 35.0 31.9 29.4 26.7 24.7 22.0 19.6 18.1 15.7 13.9 13.1 11.7 9.9
Operating Income 7.9 14.7 7.6 7.5 3.6 6.2 8.4 2.2 1.7 12.8 (1.1) 17.9 (15.3) 3.3 (21.4) (12.7) (25.4) (16.2) 6.0 (9.7) (18.7) (7.2) (2.0) (3.3) (7.3) (4.7) (7.9) (6.0) (9.3) (8.4) (5.0) (8.8) (7.6) (5.7) (13.2) (7.9) (8.3) (8.7) (7.2) (8.3) (9.8) (10.0) (9.8) (9.1) (5.9) (5.8) (4.0)
Net Income 8.1 4.9 5.3 8.3 6.1 56.4 17.2 76.7 10.8 22.1 11.9 30.8 (12.0) 11.3 (20.0) (10.7) (10.0) (37.0) (13.7) (25.4) (39.0) (17.0) (8.8) (8.3) (12.8) (9.2) (9.2) (5.2) (8.6) (7.7) (4.5) (8.5) (7.2) (5.8) (13.1) (10.1) (9.0) (15.7) (6.6) (7.5) (9.3) (7.2) (6.7) (6.5) (4.3) (5.8) (3.9)
EPS (Diluted) 0.13 0.08 0.09 0.13 0.09 0.79 0.27 1.06 0.15 0.30 0.17 0.43 -0.11 0.16 -0.32 -0.20 -0.23 -0.63 -0.23 -0.44 -0.67 -0.30 -0.15 -0.15 -0.23 -0.16 -0.17 -0.09 -0.16 -0.14 -0.08 -0.16 -0.13 -0.11 -0.25 -0.20 -0.18 -0.33 -0.13 -0.15 -0.19 -0.15 -0.14 -0.16 -0.11 -0.14 -0.10
Balance Sheet
Cash & Equivalents 242.0 390.0 419.9 459.1 479.5 885.9 725.3 616.6 331.4 271.1 236.2 204.5 222.6 201.0 190.5 208.5 365.5 539.7 379.0 643.3 848.3 367.4 408.1 471.6 311.0 120.2 528.2 63.3 49.7 46.2 38.4 28.7 30.9 31.1 24.6 23.5 23.4 22.1 19.6 13.6 13.5
Total Assets 1,455.5 1,759.5 1,703.8 1,792.7 1,781.1 1,825.0 1,695.2 1,890.7 2,088.9 2,100.8 2,016.1 1,975.4 1,932.7 1,943.7 1,877.7 1,873.6 1,870.2 1,817.6 1,750.4 1,732.1 1,708.8 1,113.5 1,046.8 1,033.2 1,011.4 1,014.6 975.6 523.5 505.0 493.9 474.7 464.4 458.5 440.9 422.1 418.0 416.2 420.4 331.2 282.8 285.2
Total Debt 687.3 940.3 920.2 921.4 921.6 916.6 917.6 1,159.8 1,411.3 1,410.5 1,409.9 1,410.6 1,401.8 1,401.3 1,400.2 1,398.8 1,399.8 1,133.6 1,107.0 1,092.4 1,077.7 418.5 413.3 408.7 404.2 399.9 395.3 16.7 17.0 0 0 0 0 0.4 0.4 0.4 0.4 1.0 64.8 35.0 33.7
Stockholders' Equity 305.9 332.3 328.3 414.0 417.9 446.7 367.9 325.8 279.8 260.9 215.7 176.4 117.0 111.9 77.9 79.2 66.1 325.0 340.7 337.0 339.6 422.1 416.9 409.8 396.2 398.6 396.4 327.2 320.5 321.6 322.4 314.1 317.6 294.6 295.8 296.8 284.3 291.4 152.5 152.8 158.6
Cash Flow
Operating Cash Flow 46.3 26.7 63.8 32.3 46.7 43.8 55.9 40.7 50.4 42.2 37.0 24.6 22.9 25.8 24.2 5.9 0.2 22.1 17.1 12.4 28.5 14.8 21.8 9.6 8.5 8.2 9.9 8.6 3.0 4.8 4.8 4.7 1.8 2.8 3.5 1.9 (1.7) (5.9) 4.1 1.6 (4.7)
Capital Expenditure (2.1) (0.6) (0.5) (1.0) (14.1) (0.8) (0.4) (0.7) (6.7) (2.0) (1.1) (6.6) (8.6) (5.5) (7.6) (10.9) (6.2) (6.8) (7.2) (4.2) (5.1) (6.7) (3.1) (6.1) (3.4) (2.5) (2.6) (2.3) (2.3) (2.7) (2.4) (3.5) (3.3) (1.6) (4.0) (1.5) (1.6) (1.4) (1.3) (1.2) (1.2)
Free Cash Flow 44.2 26.1 63.3 31.4 32.6 43.0 55.5 40.0 43.7 40.1 35.9 18.0 14.3 20.3 16.6 (5.0) (6.0) 15.3 9.9 8.2 23.4 8.1 18.7 3.5 5.1 5.7 7.2 6.4 0.7 2.1 2.4 1.2 (1.5) 1.2 (0.5) 0.3 (3.3) (7.2) 2.9 0.4 (5.9)