BLND - Blend Labs, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$3.17
DETAILS
HIGH:
$4.50
LOW:
$2.00
MEDIAN:
$3.00
CONSENSUS:
$3.17
UPSIDE:
104.52%
| 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 | 33.8 | 30.8 | 32.4 | 32.9 | 31.5 | 26.8 | 41.4 | 45.2 | 28.7 | 23.8 | 36.1 | 40.6 | 42.8 | 37.3 | 42.8 | 55.4 | 65.5 | 71.5 | 81.0 | 89.6 | 32.1 | 31.9 | 30.6 | 27.9 | 21.9 | 15.6 |
| Cost of Revenue | 9.0 | 7.5 | 8.0 | 8.4 | 8.2 | 7.8 | 16.7 | 19.2 | 8.4 | 7.8 | 16.4 | 18.5 | 19.3 | 21.5 | 28.4 | 34.2 | 40.3 | 42.7 | 46.0 | 49.2 | 12.4 | 10.9 | 8.8 | 9.5 | 8.7 | 7.4 |
| Gross Profit | 24.9 | 23.4 | 24.4 | 24.5 | 23.3 | 19.0 | 24.7 | 26.0 | 20.3 | 16.0 | 19.7 | 22.1 | 23.5 | 15.9 | 14.4 | 21.1 | 25.3 | 28.9 | 34.9 | 40.3 | 19.7 | 21.0 | 21.8 | 18.4 | 13.3 | 8.2 |
| Operating Expenses | ||||||||||||||||||||||||||
| R&D Expenses | 8.7 | 9.4 | 9.5 | 8.5 | 7.3 | 7.5 | 8.9 | 10.1 | 12.9 | 14.2 | 14.4 | 18.8 | 22.1 | 26.3 | 33.2 | 34.2 | 35.5 | 35.1 | 28.7 | 25.5 | 20.9 | 17.1 | 15.2 | 13.8 | 14.7 | 11.8 |
| SG&A Expenses | 17.8 | 18.4 | 19.5 | 20.8 | 20.6 | 18.4 | 17.5 | 23.0 | 20.4 | 22.1 | 26.5 | 30.3 | 35.8 | 38.2 | 53.4 | 52.7 | 58.9 | 59.4 | 62.3 | 81.0 | 38.5 | 31.1 | 22.7 | 19.9 | 19.4 | 19.5 |
| Other Expenses | 0.0 | 0 | 0 | 0.1 | 0.0 | 0.7 | 0.1 | 6.2 | 0.1 | 1.0 | 0.7 | 9.1 | 2.3 | 12.8 | 3.0 | 64.1 | 402.3 | 4.1 | 3.8 | 4.4 | 0 | 0 | 0.1 | 0 | 0 | 0 |
| Operating Expenses | 26.5 | 27.8 | 28.9 | 29.4 | 27.9 | 26.7 | 26.5 | 39.3 | 33.4 | 37.3 | 41.6 | 58.3 | 60.2 | 77.3 | 89.6 | 151.0 | 496.7 | 98.6 | 94.8 | 110.9 | 59.3 | 48.2 | 37.9 | 33.7 | 34.1 | 31.3 |
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (1.6) | (4.4) | (4.5) | (4.9) | (4.6) | (7.7) | (1.8) | (13.3) | (13.1) | (21.2) | (21.9) | (36.2) | (36.7) | (61.4) | (75.2) | (129.9) | (471.4) | (69.7) | (59.9) | (70.5) | (39.6) | (27.2) | (16.1) | (15.3) | (20.8) | (23.1) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6 | 5.1 | 7.1 | 8.2 | 7.9 | 7.6 | 7.3 | 6.2 | 5.7 | 5.6 | 5.7 | 5.6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest 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 |
| Profitability | ||||||||||||||||||||||||||
| EBITDA | (1.4) | (3.5) | (1.7) | 12.5 | (2.8) | (6.1) | 0 | (0.6) | (16.5) | (14.5) | (21.9) | (32.1) | (32.1) | (57.1) | (72.0) | (124.6) | (465.9) | (64.3) | (55.0) | (64.2) | (38.1) | (25.6) | (14.1) | (13.9) | (18.4) | (21.9) |
| EBIT | (1.4) | (5.4) | (3.1) | 12.4 | (3.6) | (6.6) | (0.7) | (2.6) | (17.5) | (15.6) | (23.4) | (33.6) | (33.5) | (58.6) | (73.6) | (126.6) | (471.4) | (69.7) | (59.8) | (70.4) | (39.5) | (27.1) | (15.5) | (15.2) | (20.8) | (23.1) |
| Income Before Tax | (1.4) | (5.4) | (3.1) | 12.4 | (3.6) | (6.6) | (0.7) | (2.6) | (19.2) | (20.7) | (30.4) | (41.8) | (41.4) | (66.1) | (81.0) | (132.7) | (477.1) | (75.2) | (65.4) | (76.0) | (39.5) | (27.1) | (16.0) | (15.2) | (20.6) | (22.8) |
| Income Tax Expense | 0.1 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | 0.0 | 0.1 | 0.1 | 0.5 | 0.0 | 0.1 | (2.8) | 6.1 | 0.3 | (45.3) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net Income | (1.5) | (8.0) | (3.5) | 12.5 | (6.6) | (10.5) | (2.3) | (4.2) | (20.9) | (22.1) | (31.8) | (43.2) | (42.8) | (67.5) | (34.3) | (134.0) | (478.4) | (73.5) | (71.7) | (76.9) | 5.8 | (27.1) | (16.0) | (15.2) | (20.6) | (22.9) |
| Per Share Data | ||||||||||||||||||||||||||
| EPS (Basic) | -0.03 | -0.05 | -0.03 | 0.03 | -0.04 | -0.06 | -0.03 | -0.03 | -0.09 | -0.09 | -0.13 | -0.18 | -0.18 | -0.27 | -0.34 | -0.57 | -2.05 | -0.31 | -0.32 | -0.38 | 0.03 | -0.12 | -0.07 | -0.07 | -0.09 | -0.10 |
| EPS (Diluted) | -0.03 | -0.05 | -0.03 | 0.03 | -0.04 | -0.06 | -0.03 | -0.03 | -0.09 | -0.09 | -0.13 | -0.18 | -0.18 | -0.27 | -0.34 | -0.57 | -2.05 | -0.31 | -0.32 | -0.38 | 0.03 | -0.12 | -0.07 | -0.07 | -0.09 | -0.10 |
| Shares Outstanding | 239.9 | 255.6 | 258.1 | 259.6 | 259.2 | 258.8 | 256.7 | 254.9 | 253.1 | 250.9 | 248.6 | 246.4 | 244.3 | 241.4 | 238.4 | 235.3 | 232.5 | 230.3 | 227.9 | 200.2 | 219.6 | 219.6 | 219.6 | 219.6 | 219.6 | 219.6 |
| 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 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 23.3 | 39.4 | 43.6 | 55.0 | 36.5 | 56.2 | 42.2 | 55.0 | 45.5 | 84.5 | 31.0 | 84.6 | 35.0 | 46.2 | 124.2 | 114.4 | 132.7 | 167.7 | 213.1 | 276.1 | 369.7 | 352.3 | 41.1 | (127.3) |
| Short-Term Investments | 21.6 | 21.6 | 24.7 | 22.2 | 51.8 | 48.6 | 56.2 | 61.7 | 67.2 | 43.5 | 106.0 | 160.4 | 230.6 | 260.7 | 229.9 | 286.4 | 317.8 | 331.7 | 334.1 | 317.5 | 84.0 | 100.8 | 110.6 | 254.5 |
| Net Receivables | 18.6 | 21.2 | 14.1 | 15.3 | 16.3 | 13.5 | 19.9 | 19.1 | 20.7 | 20.4 | 19.9 | 20.0 | 21.7 | 20.7 | 24.0 | 28.2 | 31.8 | 36.2 | 39.4 | 35.7 | 41.7 | 20.6 | 24.2 | 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 |
| Other Current Assets | 4.7 | 1.0 | 8.6 | 15.8 | 16.0 | 16.3 | 7.9 | 2.7 | 2.3 | 3.3 | 2.9 | 4.4 | 11.3 | 14.1 | 6.7 | 8.0 | 11.2 | 8.5 | 7.8 | 8.4 | 4.3 | 4.7 | 6.1 | 0 |
| Total Current Assets | 75.9 | 91.4 | 97.9 | 116.0 | 126.8 | 139.9 | 135.2 | 146.4 | 142.5 | 159.5 | 169.8 | 283.2 | 309.4 | 350.2 | 396.1 | 453.8 | 503.3 | 560.8 | 613.0 | 661.7 | 517.4 | 486.3 | 186.1 | 127.3 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 23.9 | 23.9 | 24.4 | 24.6 | 23.0 | 17.3 | 13.8 | 11.4 | 15.1 | 14.3 | 12.5 | 13.9 | 15.2 | 16.5 | 17.4 | 19.0 | 19.6 | 20.1 | 20.9 | 22.3 | 23.7 | 16.6 | 17.3 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47.1 | 287.2 | 287.2 | 287.0 | 284.8 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0.1 | 0.1 | 0 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 2.1 | 13.1 | 168.9 | 173.0 | 189.8 | 194.2 | 0.7 | 1.2 | 0 |
| Long-Term Investments | 39.4 | 39.7 | 40.1 | 30.4 | 13.8 | 9.8 | 9.8 | 0 | 0 | 0 | 5.4 | 0 | 12.3 | 5.4 | 5.4 | 0 | 5.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 4.4 | 6.3 | 7.7 | 18.6 | 19.4 | 21.2 | 17.2 | 26.2 | 25.7 | 25.8 | 16.2 | 19.2 | 23.8 | 16.7 | 6.1 | 17.8 | 16.1 | 17.3 | 18.4 | 17.4 | 23.5 | 16.1 | 11.1 | (127.3) |
| Total Non-Current Assets | 67.7 | 69.9 | 72.2 | 73.6 | 56.2 | 48.3 | 42.8 | 39.7 | 42.9 | 42.2 | 36.2 | 35.2 | 41.1 | 35.3 | 36.7 | 39.0 | 96.0 | 493.6 | 499.5 | 516.5 | 526.1 | 33.5 | 29.6 | (127.3) |
| Total Assets | 143.6 | 161.3 | 170.0 | 189.6 | 183.1 | 188.3 | 178.0 | 186.1 | 185.4 | 201.8 | 206.1 | 318.4 | 350.5 | 385.4 | 432.8 | 492.8 | 599.3 | 1,054.4 | 1,112.5 | 1,178.2 | 1,043.5 | 519.8 | 215.7 | 0 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 0.4 | 0.3 | 1.8 | 0.8 | 1.2 | 2.7 | 2.4 | 1.9 | 1.1 | 1.9 | 2.2 | 2.1 | 3.1 | 1.9 | 1.3 | 2.5 | 3.3 | 2.1 | 6.2 | 6.8 | 6.3 | 3.9 | 3.4 | 0 |
| Short-Term Debt | 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 |
| Deferred Revenue | 31.5 | 34.0 | 19.4 | 0 | 0 | 33.3 | 19.2 | 19.9 | 20.8 | 21.5 | 9.0 | 10.1 | 12.0 | 13.0 | 8.7 | 10.0 | 12.0 | 14.2 | 8.1 | 10.0 | 11.5 | 14.4 | 13.6 | 0 |
| Other Current Liabilities | 5.0 | 12.9 | 9.6 | 31.6 | 38.7 | 11.1 | 4.1 | 7.1 | 3.2 | 5.2 | 5.6 | 11.3 | 10.8 | 9.8 | 11.4 | 15.3 | 18.8 | 14.4 | 18.1 | 15.6 | 24.1 | 7.3 | 6.3 | 0 |
| Total Current Liabilities | 46.7 | 51.5 | 39.5 | 45.7 | 52.7 | 58.1 | 38.9 | 45.2 | 41.5 | 42.6 | 31.6 | 36.8 | 34.9 | 39.9 | 35.5 | 44.1 | 48.0 | 54.0 | 60.0 | 63.6 | 256.8 | 39.2 | 35.0 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 0 | 164.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 138.9 | 138.3 | 219.0 | 218.2 | 217.5 | 216.8 | 216.0 | 215.2 | 214.5 | 213.8 | 213.2 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.7 | 0 | 0 | 0 | 2.9 | 0.6 | 0.6 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.4 | 0.4 | 159.8 | 0.3 | 1.2 | 147.1 | 142.2 | 1.3 | 1.6 | 2.1 | 2.2 | 3.4 | 3.5 | 4.4 | 5.5 | 5.6 | 6.0 | 8.1 | 10.6 | 12.0 | 238.8 | 4.8 | 3.4 | 0 |
| Total Non-Current Liabilities | 2.1 | 165.7 | 161.1 | 1.6 | 2.7 | 147.1 | 143.0 | 2.2 | 6.7 | 147.3 | 147.5 | 230.5 | 231.0 | 232.1 | 233.4 | 233.6 | 233.9 | 236.3 | 241.9 | 239.4 | 254.0 | 18.1 | 17.4 | 0 |
| Total Liabilities | 48.8 | 217.2 | 200.5 | 47.3 | 55.4 | 205.2 | 182.0 | 47.5 | 48.3 | 189.9 | 179.1 | 267.3 | 265.9 | 272.1 | 268.8 | 277.7 | 281.9 | 290.4 | 301.9 | 303.0 | 510.8 | 57.3 | 52.4 | 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 |
| Retained Earnings | (1,401.3) | (1,399.8) | (1,391.8) | (1,388.3) | (1,400.8) | (1,394.2) | (1,385.0) | (1,384.2) | (1,381.7) | (1,362.3) | (1,341.6) | (1,311.3) | (1,269.6) | (1,228.4) | (1,162.9) | (1,082.4) | (956.2) | (514.9) | (442.8) | (371.1) | (294.2) | (299.9) | (272.9) | 0 |
| Accumulated Other Comprehensive Income | 0.6 | 0.7 | 0.6 | 0.6 | 0.5 | 0.6 | 0.6 | 0.8 | 0.3 | 0.3 | 0.4 | (0.4) | (0.7) | 0.1 | (0.7) | (2.2) | (3.0) | (2.6) | (0.8) | (0.1) | 0.0 | 0.0 | (0.0) | (171.9) |
| Total Stockholders' Equity | 94.8 | (55.9) | (30.5) | 142.3 | 127.7 | (16.9) | (56.4) | 87.9 | 88.0 | (35.8) | (19.2) | 6.3 | 41.3 | 71.3 | 123.2 | 175.6 | 279.2 | 727.0 | 774.6 | 828.8 | 486.5 | 462.5 | 163.3 | 135.0 |
| Total Liabilities & Equity | 143.6 | 161.3 | 170.0 | 189.6 | 183.1 | 188.3 | 178.0 | 186.1 | 185.4 | 201.8 | 206.1 | 318.4 | 350.5 | 385.4 | 432.8 | 492.8 | 599.3 | 1,054.4 | 1,112.5 | 1,178.2 | 1,043.5 | 519.8 | 215.7 | 135.0 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 2.0 | 165.6 | 1.5 | 1.6 | 2.4 | 1.7 | 3.8 | 5.3 | 9.9 | 149.8 | 149.7 | 231.4 | 231.7 | 231.9 | 232.0 | 232.7 | 232.2 | 232.3 | 232.3 | 230.9 | 18.7 | 15.9 | 16.6 | 0 |
| Net Debt | (21.3) | 126.2 | (42.1) | (53.4) | (34.1) | (54.5) | (38.4) | (49.8) | (35.6) | 65.3 | 118.7 | 146.9 | 196.7 | 185.7 | 107.8 | 118.3 | 99.5 | 64.7 | 19.2 | (45.2) | (351.1) | (336.4) | (24.5) | 127.3 |
| 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 Q2 | 2020 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | (7.3) | (10.2) | (7.3) | 12.5 | (3.6) | (6.6) | (6.5) | (8.3) | (23.4) | (20.7) | (31.8) | (43.2) | (41.5) | (66.2) | (81.4) | (132.7) | (477.2) | (72.4) | (71.5) | (76.3) | 5.8 | (27.1) | (16.0) | (15.2) | (20.6) | (22.9) |
| Depreciation & Amortization | 2.9 | 1.9 | 1.4 | 1.6 | 0.8 | 0.5 | 1.0 | 1.6 | 1.3 | 1.1 | 1.5 | 1.4 | 1.4 | 1.4 | 1.6 | 2.0 | 5.5 | 5.4 | 4.8 | 6.2 | 1.4 | 1.4 | (0.9) | 1.3 | 2.4 | 1.2 |
| Stock-Based Compensation | 13.8 | 0 | 7.5 | 7.8 | 7.6 | 6.0 | 0 | 0 | 0 | 8.0 | 0 | 0 | 14.4 | 16.4 | 28.2 | 28.0 | 29.2 | 24.3 | 16.8 | 43.4 | 6.6 | 4.0 | 2.4 | 1.1 | 3.4 | 3.2 |
| Change in Working Capital | 11.6 | 4.4 | (4.6) | (7.9) | (10.2) | 20.0 | (10.6) | 3.0 | 1.8 | 12.4 | (2.7) | 5.3 | (8.2) | 1.3 | 2.2 | (5.0) | 1.6 | (3.3) | (3.9) | (7.0) | (1.6) | (0.6) | (0.3) | (2.6) | (3.2) | (5.1) |
| Other Non-Cash Items | (5.7) | 11.2 | 4.0 | (17.5) | (0.8) | 0.5 | 11.5 | 5.7 | 13.6 | (4.7) | 12.3 | 10.6 | (0.5) | 0.4 | 2.1 | 57.4 | 394.1 | 0.1 | 3.5 | 2.4 | (44.9) | 1.8 | 3.9 | 1.0 | 0.3 | 1.4 |
| Operating Cash Flow | 15.3 | 7.4 | 1.0 | (3.5) | (6.4) | 20.4 | (4.6) | 2.1 | (6.7) | (3.9) | (20.7) | (25.9) | (34.4) | (46.7) | (47.3) | (50.5) | (46.8) | (45.8) | (43.1) | (31.3) | (32.7) | (20.4) | (11.0) | (14.3) | (17.6) | (22.1) |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditure | (1.9) | (1.1) | (1.0) | (2.3) | (3.7) | (4.6) | (2.6) | (3.4) | (1.9) | (2.0) | (0.1) | (0.0) | (0.2) | (0.3) | (0.5) | (0.4) | (0.9) | (0.3) | (0.8) | (0.6) | (0.2) | (0.3) | (0.6) | (0.2) | (0.4) | (0.1) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (416.8) | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (5.0) | (5.0) | (5.0) | (6.7) | (15.9) | (11.9) | (10.6) | (19.9) | (28.2) | (48.3) | (32.8) | (8.3) | (8.8) | (186.2) | (49.3) | (46.5) | (19.3) | (30.4) | (34.8) | (267.5) | (23.5) | (28.4) | (89.1) | (18.6) | (38.5) | (27.7) |
| Sales/Maturities of Investments | 8 | 8 | 2.5 | 36.5 | 8.8 | 19.8 | 11.3 | 26.3 | 5 | 110.9 | 88.6 | 80.1 | 40.1 | 157.6 | 107.2 | 78.1 | 31.7 | 30.0 | 16.4 | 33.9 | 40.0 | 34.9 | 36.0 | 43.2 | 22.9 | 65.3 |
| Other Investing Activities | 1.1 | 1.0 | 2.8 | (0.1) | (0.0) | (0.1) | 0 | (0.3) | (0.0) | 0 | (2.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.2) | (3) | 16.8 | 0 | 0 | 0 | (0.0) | 0 |
| Investing Cash Flow | 2.2 | 2.9 | (1.3) | 27.4 | (10.8) | 3.2 | (1.9) | 11.7 | (25.1) | 60.6 | 53.2 | 71.8 | 31.2 | (28.9) | 57.4 | 31.2 | 11.5 | (0.7) | (19.2) | (654.0) | 33.1 | 6.1 | (53.7) | 24.4 | (16.1) | 37.4 |
| Financing Activities | ||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 149.4 | 0 | (144.5) | 0 | (85.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 218.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | (37.2) | (16.8) | (15.7) | (5.0) | (1.6) | (2.6) | 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 |
| Other Financing Activities | (2.0) | (1.1) | (2.0) | (1.9) | (2.1) | (2.6) | (7.1) | (4.0) | (3.2) | (3.2) | (1.3) | (1.3) | (1.1) | (2.4) | 0.0 | 0.9 | 0.2 | 1.1 | 1.1 | 373.1 | 17.1 | 15.8 | 11.1 | 0.4 | 0.9 | 2.0 |
| Financing Cash Flow | (39.2) | (17.9) | (17.6) | (6.2) | (3.7) | (5.2) | (6.3) | (4.2) | (7.3) | (3.2) | (86.1) | (1.3) | (1.1) | (2.4) | 0.0 | 0.9 | 0.2 | 1.1 | (0.9) | 591.9 | 17.1 | 325.5 | 11.1 | 76.7 | 0.9 | 2.0 |
| Cash Position | ||||||||||||||||||||||||||
| Net Change in Cash | (21.8) | (4.2) | (16.5) | 18.5 | (19.7) | 18.4 | (7.8) | 9.6 | (39.1) | 53.6 | (53.6) | 49.6 | (4.3) | (78.0) | 9.8 | (18.3) | (35.0) | (45.4) | (63.0) | (93.7) | 17.2 | 311.2 | (53.5) | 86.7 | (32.8) | 17.4 |
| Cash at Beginning | 47.0 | 43.6 | 60.0 | 41.5 | 61.3 | 49.5 | 55.0 | 45.5 | 84.5 | 38.3 | 84.6 | 35.0 | 51.6 | 129.6 | 119.7 | 138.0 | 173.0 | 218.4 | 276.1 | 369.7 | 352.5 | 46.3 | 99.8 | 13.1 | 45.8 | 28.5 |
| Cash at End | 25.2 | 39.4 | 43.6 | 60.0 | 41.5 | 68.0 | 47.3 | 55.0 | 45.5 | 91.8 | 31.0 | 84.6 | 47.3 | 51.6 | 129.6 | 119.7 | 138.0 | 173.0 | 213.1 | 276.1 | 369.7 | 357.5 | 46.3 | 99.8 | 13.1 | 45.8 |
| Free Cash Flow | 13.3 | 6.2 | (0.0) | (5.8) | (10.1) | 15.8 | (7.2) | (1.4) | (8.5) | (5.8) | (20.8) | (25.9) | (34.6) | (47.0) | (47.8) | (50.9) | (47.7) | (46.1) | (43.9) | (31.8) | (32.9) | (20.7) | (11.5) | (14.5) | (18.1) | (22.2) |
| 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 | 33.8 | 30.8 | 32.4 | 32.9 | 31.5 | 26.8 | 41.4 | 45.2 | 28.7 | 23.8 | 36.1 | 40.6 | 42.8 | 37.3 | 42.8 | 55.4 | 65.5 | 71.5 | 81.0 | 89.6 | 32.1 | 31.9 | 30.6 | 27.9 | 21.9 | 15.6 |
| Gross Profit | 24.9 | 23.4 | 24.4 | 24.5 | 23.3 | 19.0 | 24.7 | 26.0 | 20.3 | 16.0 | 19.7 | 22.1 | 23.5 | 15.9 | 14.4 | 21.1 | 25.3 | 28.9 | 34.9 | 40.3 | 19.7 | 21.0 | 21.8 | 18.4 | 13.3 | 8.2 |
| Operating Income | (1.6) | (4.4) | (4.5) | (4.9) | (4.6) | (7.7) | (1.8) | (13.3) | (13.1) | (21.2) | (21.9) | (36.2) | (36.7) | (61.4) | (75.2) | (129.9) | (471.4) | (69.7) | (59.9) | (70.5) | (39.6) | (27.2) | (16.1) | (15.3) | (20.8) | (23.1) |
| Net Income | (1.5) | (8.0) | (3.5) | 12.5 | (6.6) | (10.5) | (2.3) | (4.2) | (20.9) | (22.1) | (31.8) | (43.2) | (42.8) | (67.5) | (34.3) | (134.0) | (478.4) | (73.5) | (71.7) | (76.9) | 5.8 | (27.1) | (16.0) | (15.2) | (20.6) | (22.9) |
| EPS (Diluted) | -0.03 | -0.05 | -0.03 | 0.03 | -0.04 | -0.06 | -0.03 | -0.03 | -0.09 | -0.09 | -0.13 | -0.18 | -0.18 | -0.27 | -0.34 | -0.57 | -2.05 | -0.31 | -0.32 | -0.38 | 0.03 | -0.12 | -0.07 | -0.07 | -0.09 | -0.10 |
| Balance Sheet | ||||||||||||||||||||||||||
| Cash & Equivalents | 23.3 | 39.4 | 43.6 | 55.0 | 36.5 | 56.2 | 42.2 | 55.0 | 45.5 | 84.5 | 31.0 | 84.6 | 35.0 | 46.2 | 124.2 | 114.4 | 132.7 | 167.7 | 213.1 | 276.1 | 369.7 | 352.3 | 41.1 | (127.3) | ||
| Total Assets | 143.6 | 161.3 | 170.0 | 189.6 | 183.1 | 188.3 | 178.0 | 186.1 | 185.4 | 201.8 | 206.1 | 318.4 | 350.5 | 385.4 | 432.8 | 492.8 | 599.3 | 1,054.4 | 1,112.5 | 1,178.2 | 1,043.5 | 519.8 | 215.7 | 0 | ||
| Total Debt | 2.0 | 165.6 | 1.5 | 1.6 | 2.4 | 1.7 | 3.8 | 5.3 | 9.9 | 149.8 | 149.7 | 231.4 | 231.7 | 231.9 | 232.0 | 232.7 | 232.2 | 232.3 | 232.3 | 230.9 | 18.7 | 15.9 | 16.6 | 0 | ||
| Stockholders' Equity | 94.8 | (55.9) | (30.5) | 142.3 | 127.7 | (16.9) | (56.4) | 87.9 | 88.0 | (35.8) | (19.2) | 6.3 | 41.3 | 71.3 | 123.2 | 175.6 | 279.2 | 727.0 | 774.6 | 828.8 | 486.5 | 462.5 | 163.3 | 135.0 | ||
| Cash Flow | ||||||||||||||||||||||||||
| Operating Cash Flow | 15.3 | 7.4 | 1.0 | (3.5) | (6.4) | 20.4 | (4.6) | 2.1 | (6.7) | (3.9) | (20.7) | (25.9) | (34.4) | (46.7) | (47.3) | (50.5) | (46.8) | (45.8) | (43.1) | (31.3) | (32.7) | (20.4) | (11.0) | (14.3) | (17.6) | (22.1) |
| Capital Expenditure | (1.9) | (1.1) | (1.0) | (2.3) | (3.7) | (4.6) | (2.6) | (3.4) | (1.9) | (2.0) | (0.1) | (0.0) | (0.2) | (0.3) | (0.5) | (0.4) | (0.9) | (0.3) | (0.8) | (0.6) | (0.2) | (0.3) | (0.6) | (0.2) | (0.4) | (0.1) |
| Free Cash Flow | 13.3 | 6.2 | (0.0) | (5.8) | (10.1) | 15.8 | (7.2) | (1.4) | (8.5) | (5.8) | (20.8) | (25.9) | (34.6) | (47.0) | (47.8) | (50.9) | (47.7) | (46.1) | (43.9) | (31.8) | (32.9) | (20.7) | (11.5) | (14.5) | (18.1) | (22.2) |