BTDR - Bitdeer Technologies Group
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$19.60
DETAILS
HIGH:
$23.00
LOW:
$15.00
MEDIAN:
$20.00
CONSENSUS:
$19.60
UPSIDE:
73.60%
| 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 | 228.8 | 188.9 | 224.8 | 169.7 | 155.6 | 70.1 | 69.0 | 62.0 | 99.2 | 119.5 | 114.8 | 87.3 | 93.8 | 72.6 | 77.1 | 76.6 | 89.2 | 90.4 | 87.5 | 87.5 | 109.8 | 109.8 | 51.6 | 51.6 | 41.6 | 41.6 |
| Cost of Revenue | 237.3 | 228.0 | 214.3 | 128.9 | 142.8 | 74.1 | 63.9 | 59.3 | 74.8 | 85.4 | 87.8 | 66.2 | 77.7 | 59.1 | 66.4 | 73.0 | 61.5 | 49.1 | 38.2 | 38.2 | 38.4 | 38.4 | 58.8 | 58.8 | 46.0 | 46.0 |
| Gross Profit | (8.5) | (39.0) | 10.6 | 40.8 | 12.8 | (4.0) | 5.1 | 2.8 | 24.4 | 34.1 | 27.0 | 21.1 | 16.2 | 13.5 | 10.7 | 3.5 | 27.6 | 41.4 | 49.3 | 49.3 | 71.4 | 71.4 | (7.3) | (7.3) | (4.3) | (4.3) |
| Operating Expenses | ||||||||||||||||||||||||||
| R&D Expenses | 36.1 | 20.2 | 35.2 | 39.1 | 20.6 | 59.0 | 22.9 | 24.8 | 8.0 | 21.2 | 8.3 | 8.5 | 6.4 | 6.3 | 8.5 | 7.2 | 8.7 | 11.1 | 13.1 | 13.1 | 1.7 | 1.7 | 3.4 | 3.4 | 1.5 | 1.5 |
| SG&A Expenses | 36.6 | 27.5 | 31.1 | 21.4 | 21.8 | 16.7 | 19.6 | 18.1 | 18.0 | 16.7 | 19.1 | 18.8 | 18.3 | 18.4 | 25.0 | 21.2 | 24.4 | 34.6 | 43.1 | 43.1 | 6.0 | 6.0 | 9.6 | 9.6 | 3.4 | 3.4 |
| Other Expenses | 20.6 | 19.2 | 23.1 | (26.5) | (4.6) | 18.8 | 10.9 | 13.5 | 14.0 | (4.2) | (4.1) | (1.7) | 32.7 | (1.0) | 1.7 | (0.1) | 2.7 | (1.0) | (2.3) | (2.3) | (6.2) | (6.2) | (4.0) | (4.0) | 6.3 | 6.3 |
| Operating Expenses | 93.2 | 66.9 | 89.4 | 34.0 | 37.7 | 94.5 | 53.4 | 56.4 | 40.1 | 33.6 | 23.3 | 25.6 | 57.5 | 23.7 | 35.2 | 28.2 | 35.8 | 44.6 | 53.9 | 53.9 | 1.4 | 1.4 | 9.0 | 9.0 | 11.1 | 11.1 |
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (101.7) | (105.9) | (78.8) | 6.9 | (24.9) | (98.5) | (48.3) | (53.6) | (15.7) | 0.5 | 3.7 | (4.5) | (41.3) | (10.2) | (24.5) | (24.7) | (8.1) | (3.3) | (4.6) | (4.6) | 70.0 | 70.0 | (16.2) | (16.2) | (15.5) | (15.5) |
| Interest Expense | 0 | 29.5 | 36.4 | 29.4 | 13.7 | 9.3 | 10.2 | 0.2 | 0.0 | 0 | 0 | 0 | 0.9 | 0.2 | 0 | 2.7 | 5.0 | 0.8 | – | – | – | – | 0 | 0 | 0 | 0 |
| Interest Income | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 2.2 | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | – | – | 0.2 | 0.2 | 0.0 | 0.0 |
| Profitability | ||||||||||||||||||||||||||
| EBITDA | 5.4 | (133.4) | 275.9 | (190.4) | 402.7 | 129.4 | (517.5) | (38.9) | (0.2) | (1.9) | 12.6 | (5.3) | (42.8) | 6.9 | (22.3) | (6.3) | 7.0 | 11.3 | 1.9 | 1.9 | 91.1 | 91.1 | 14.9 | 14.9 | 10.0 | 10.0 |
| EBIT | (102.4) | (133.4) | 275.9 | (231.6) | 376.3 | 104.0 | (542.6) | (38.9) | (0.2) | (1.9) | 12.6 | (5.3) | (42.8) | (10.3) | (22.3) | (24.8) | (8.1) | (3.3) | (6.9) | (6.9) | 70.6 | 70.6 | (14.7) | (14.7) | (14.5) | (14.5) |
| Income Before Tax | (102.4) | (162.9) | 72.9 | (261.1) | (147.9) | 98.7 | (532.7) | (53.8) | (15.7) | 0.7 | 4.9 | (3.3) | (42.2) | (10.4) | (20.1) | (27.4) | (13.1) | (4.1) | (4.8) | (4.8) | 70.2 | 70.2 | (10.0) | (10.0) | (13.9) | (13.9) |
| Income Tax Expense | (10.1) | (3.4) | 2.4 | 5.6 | (0.2) | (6.6) | (0.8) | (3.7) | 2.0 | 0.0 | 9.9 | (1.5) | (1.8) | (1.0) | (7.1) | (5.3) | 2.5 | 5.5 | 10.8 | 10.8 | 13.3 | 13.3 | 3.2 | 3.2 | 0.7 | 0.7 |
| Net Income | (92.3) | (159.5) | 70.5 | (266.7) | (147.7) | 105.3 | (531.9) | (50.1) | (17.7) | 0.6 | (5.0) | (1.8) | (40.4) | (9.5) | (13.0) | (22.1) | (15.6) | (9.6) | (15.6) | (15.6) | 56.9 | 56.9 | (13.3) | (13.3) | (14.6) | (14.6) |
| Per Share Data | ||||||||||||||||||||||||||
| EPS (Basic) | -0.37 | -0.68 | 0.31 | -1.28 | -0.76 | 2.15 | -3.22 | -0.35 | -0.14 | 0.01 | -0.05 | -0.02 | -0.36 | -0.09 | -0.12 | -0.20 | -0.14 | -0.09 | -0.00 | – | 0.51 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| EPS (Diluted) | -0.37 | -0.68 | 0.26 | -1.28 | -0.76 | 1.79 | -3.22 | -0.35 | -0.14 | 0.01 | -0.05 | -0.02 | -0.36 | -0.09 | -0.12 | -0.20 | -0.14 | -0.09 | -0.00 | – | 0.51 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Shares Outstanding | 246.3 | 233.4 | 96.6 | 208.6 | 194.0 | 190.2 | 165.4 | 143.8 | 126.5 | 114.8 | 111.1 | 111.3 | 110.9 | 111.1 | 111.3 | 108.7 | 108.7 | 111.3 | 111.3 | 111.3 | 111.3 | 111.3 | 12,662.1 | 12,662.1 | 12,662.1 | 12,662.1 |
| 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 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||
| Cash & Cash Equivalents | 490.1 | 291.3 | 171.7 | 196.3 | 299.8 | 215.6 | 476.3 | 291.3 | 203.9 | 128.0 | 144.7 | 134.5 | 139.7 | 185.4 | 231.4 | 330.8 | 0.3 | 372.1 | 372.1 | 179.7 | 179.7 | 44.8 | 44.8 |
| Short-Term Investments | 4.0 | 4.7 | 5.0 | 88.3 | 173.9 | 166.6 | 82.1 | 0 | 0 | 0 | 16.4 | 0 | 0 | 0 | 0 | 31.9 | 0 | 0 | 6.7 | 5.4 | 5.4 | 6.1 | 6.1 |
| Net Receivables | 210.7 | 252.8 | 176.6 | 193.0 | 28.3 | 26.1 | 25.1 | 24.7 | 28.7 | 28.7 | 17.5 | 13.7 | 15.7 | 15.6 | 22.0 | 20.9 | 0 | 20.7 | 8.7 | 2.8 | 2.8 | 2.0 | 2.0 |
| Inventory | 0 | 613.0 | 252.0 | 231.5 | 208.8 | 153.7 | 64.9 | 68.6 | 8.2 | 0 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 141.7 | 376.2 | 781.4 | 579.5 | 404.6 | 347.2 | 301.1 | 9.1 | 9.1 | 163.0 | (8.1) | 9.5 | 129.7 | 126.9 | 11.5 | 31.2 | 0 | 10.3 | 26.6 | 665.2 | 665.2 | 624.6 | 624.6 |
| Total Current Assets | 846.5 | 1,538.1 | 1,386.6 | 1,288.6 | 1,115.3 | 909.2 | 949.4 | 393.8 | 360.5 | 319.7 | 260.3 | 157.8 | 285.1 | 327.9 | 319.6 | 414.7 | 0.3 | 424.2 | 415.3 | 853.1 | 853.1 | 677.5 | 677.5 |
| Non-Current Assets | |||||||||||||||||||||||
| Property, Plant & Equipment | 2,202.4 | 1,336.5 | 525.1 | 899.7 | 652.2 | 479.1 | 388.0 | 339.1 | 319.3 | 233.2 | 277.0 | 284.9 | 246.4 | 233.5 | 226.4 | 235.5 | 0 | 208.0 | 208.0 | 117.2 | 117.2 | 135.1 | 135.1 |
| Goodwill | 35.8 | 35.8 | 35.8 | 35.8 | 35.8 | 35.8 | 35.8 | 35.8 | 14.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 82.9 | 87.9 | 93.4 | 99.1 | 83.2 | 78.3 | 83.2 | 89.4 | 27.0 | 4.7 | 4.8 | 4.9 | 5.1 | 0.3 | 0.3 | 0.2 | 0 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 |
| Long-Term Investments | 44.7 | 44.2 | 107.2 | 40.8 | 35.1 | 4.5 | 38.0 | 41.6 | 41.7 | 73.8 | 36.8 | 36.5 | 43.8 | 35.4 | 61.0 | 0 | 58.1 | 1.2 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 205.3 | 45.6 | 645.3 | 64.8 | 110.8 | 83.1 | 57.2 | 141.5 | 61.2 | 58.5 | 59.6 | 133.9 | 34.4 | 35.6 | 39.3 | 9.3 | 0 | 8.7 | 23.6 | 25.2 | 25.2 | 40.6 | 40.6 |
| Total Non-Current Assets | 2,600.0 | 1,563.0 | 1,417.9 | 1,148.5 | 925.8 | 689.4 | 608.4 | 652.7 | 467.2 | 371.3 | 379.1 | 463.8 | 333.9 | 308.9 | 331.8 | 244.9 | 58.1 | 222.8 | 231.7 | 142.7 | 142.7 | 175.8 | 175.8 |
| Total Assets | 3,446.4 | 3,101.1 | 2,804.6 | 2,437.1 | 2,041.1 | 1,598.6 | 1,557.9 | 1,046.4 | 827.7 | 691.0 | 639.4 | 621.6 | 619.0 | 636.8 | 651.4 | 659.7 | 58.4 | 647.0 | 647.0 | 995.7 | 995.7 | 853.3 | 853.3 |
| Current Liabilities | |||||||||||||||||||||||
| Account Payables | 177.3 | 133.6 | 119.8 | 78.0 | 76.2 | 50.7 | 31.5 | 36.9 | 36.2 | 25.3 | 32.5 | 25.0 | 0 | 0 | 15.8 | 12.0 | 0 | 17.7 | 17.7 | 5.0 | 5.0 | 3.1 | 3.1 |
| Short-Term Debt | 530.2 | 566.1 | 763.0 | 562.2 | 449.7 | 215.4 | 208.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | 23.8 | 23.8 | 24.8 | 24.8 |
| Deferred Revenue | 55.7 | 57.6 | 64.4 | 52.5 | 56.9 | 61.0 | 0 | 111.4 | 119.9 | 130.8 | 49.5 | 148.4 | 155.6 | 167.6 | 182.3 | 0 | 0 | 213.4 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 65.9 | 62.0 | 560.1 | 672.5 | 438.0 | 256.8 | 801.0 | 0 | 1.4 | 40.7 | (9.7) | 0 | 47.1 | 39.0 | 1.3 | 2.7 | 2.8 | 0 | 11.6 | 660.9 | 660.9 | 638.4 | 638.4 |
| Total Current Liabilities | 841.0 | 832.0 | 1,520.7 | 1,435.7 | 1,082.0 | 711.1 | 1,100.1 | 192.3 | 199.6 | 201.3 | 121.2 | 205.1 | 202.7 | 206.7 | 221.2 | 30.7 | 3.0 | 258.9 | 48.8 | 705.2 | 705.2 | 678.1 | 678.1 |
| Non-Current Liabilities | |||||||||||||||||||||||
| Long-Term Debt | 1,324.5 | 1,376.2 | 336.3 | 262.1 | 83.4 | 0 | 0 | 92.7 | 37.8 | 22.7 | 22.6 | 22.6 | 30.0 | 29.9 | 29.8 | 29.6 | 0 | 29.5 | 29.5 | 0 | 0 | 0.9 | 0.9 |
| Deferred Tax Liabilities | 17.2 | 12.5 | 14.1 | 14.3 | 14.8 | 15.7 | 16.6 | 17.6 | 6.2 | 0.5 | 1.6 | 4.2 | 7.2 | 9.4 | 11.6 | 0 | 0 | 7.5 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3.8 | 2.5 | (86.6) | 2.5 | 2.4 | 1.8 | 1.6 | 144.4 | 25.3 | 0 | 1.7 | 0 | (155.6) | (167.6) | 0 | 223.5 | 2.0 | 0 | 221.0 | 46.2 | 46.2 | 11.6 | 11.6 |
| Total Non-Current Liabilities | 1,502.6 | 1,538.9 | 416.1 | 427.6 | 252.3 | 92.9 | 181.1 | 333.4 | 148.7 | 98.3 | 185.6 | 97.8 | 107.9 | 108.9 | 111.9 | 311.7 | 2.0 | 100.0 | 310.1 | 60.3 | 60.3 | 29.3 | 29.3 |
| Total Liabilities | 2,343.6 | 2,371.0 | 1,936.7 | 1,863.3 | 1,334.3 | 804.0 | 1,281.3 | 525.7 | 348.3 | 299.6 | 306.8 | 302.8 | 310.5 | 315.6 | 333.1 | 342.4 | 5.0 | 358.9 | 358.9 | 765.5 | 765.5 | 707.4 | 707.4 |
| Stockholders' Equity | |||||||||||||||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0.0 | 3.4 | 0.0 | 0.0 | 0.0 | 0.0 | 145.9 | 145.9 |
| Retained Earnings | (786.0) | (693.7) | (583.4) | (653.9) | (387.3) | (239.5) | (649.0) | (117.1) | (67.0) | (49.2) | (49.9) | (44.8) | (43.0) | (2.7) | 6.8 | 42.0 | (8.1) | 67.2 | 67.2 | 98.4 | 98.4 | 0 | 0 |
| Accumulated Other Comprehensive Income | 0.0 | 0.6 | 1,776.9 | 1,518.4 | 1,384.6 | 1,215.2 | 1,086.5 | 638.8 | 546.4 | 440.6 | 385.0 | 363.8 | 351.5 | 0 | 311.5 | 275.3 | 288.1 | 220.9 | 220.9 | 131.8 | 131.8 | 0 | 0 |
| Total Stockholders' Equity | 1,102.8 | 730.1 | 867.8 | 573.8 | 706.8 | 794.6 | 276.6 | 520.7 | 479.4 | 391.4 | 332.6 | 318.8 | 308.5 | 321.2 | 318.3 | 317.3 | 53.5 | 288.1 | 288.1 | 230.2 | 230.2 | 145.9 | 145.9 |
| Total Liabilities & Equity | 3,446.4 | 3,101.1 | 2,804.6 | 2,437.1 | 2,041.1 | 1,598.6 | 1,557.9 | 1,046.4 | 827.7 | 691.0 | 639.4 | 621.6 | 619.0 | 636.8 | 651.4 | 659.7 | 58.4 | 647.0 | 647.0 | 995.7 | 995.7 | 853.3 | 853.3 |
| Debt Metrics | |||||||||||||||||||||||
| Total Debt | 1,952.3 | 2,028.7 | 1,188.3 | 916.0 | 625.7 | 301.2 | 286.3 | 171.4 | 117.2 | 97.8 | 92.8 | 93.6 | 100.7 | 99.5 | 100.2 | 91.8 | 0.2 | 92.4 | 92.4 | 43.2 | 43.2 | 47.6 | 47.6 |
| Net Debt | 1,462.2 | 1,737.3 | 1,016.6 | 719.7 | 325.9 | 85.5 | (190.0) | (119.9) | (86.7) | (30.2) | (51.9) | (40.9) | (39.0) | (85.9) | (131.1) | (239.0) | (0.1) | (279.7) | (279.7) | (136.5) | (136.5) | 2.8 | 2.8 |
| 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 | (92.3) | (159.5) | 70.5 | (266.7) | (147.7) | 409.5 | (531.9) | 0 | (17.7) | 0.6 | (5.0) | 0 | 0 | (9.5) | (0.5) | (22.1) | (15.6) | (9.6) | (0.8) | (0.3) | (0.1) | 56.9 | (13.3) | (13.3) | (14.6) | (14.6) |
| Depreciation & Amortization | 107.7 | 0 | 0 | 41.2 | 26.4 | 25.4 | 25.1 | 0 | 0 | 0 | 0 | 0 | 0 | 17.3 | 0 | 18.5 | 0 | 0 | 0 | 0 | 0 | 21.7 | 30.6 | 30.6 | 25.5 | 25.5 |
| Stock-Based Compensation | 0 | 0 | 0 | 9.3 | 10.2 | 10.4 | 8.7 | 0 | 8.1 | 0 | 11.3 | 0 | 0 | 0 | 0 | 0 | 19.3 | 35.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 0 | 0 | 0 | 0 | 0 | 0 | (310.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.0 | 0.1 | (0.4) | (1.8) | 5.7 | 5.7 | (0.2) | (0.2) |
| Other Non-Cash Items | (173.3) | (187.4) | (670.1) | (304.1) | (223.8) | (729.3) | 483.5 | (90.7) | (64.5) | (0.6) | (6.3) | (47.6) | (66.1) | (7.8) | 0.5 | 3.6 | (3.6) | (25.6) | 0.0 | (0.0) | 0.0 | (77.1) | (52.2) | (52.2) | (36.0) | (36.0) |
| Operating Cash Flow | (157.8) | (346.9) | (599.5) | (520.3) | (334.9) | (284.0) | (325.1) | (90.7) | (74.1) | 0 | 0 | (47.6) | (66.1) | 0 | 0 | 0 | 0 | 0 | 0.2 | (0.2) | (0.4) | (0.3) | (29.2) | (29.2) | (25.4) | (25.4) |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditure | (265.5) | (93.7) | (50.7) | (59.7) | (111.5) | (67.6) | (48.4) | (30.1) | (17.5) | 0 | 0 | (13.8) | (38.1) | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | (0.0) | (12.2) | (25.4) | (25.4) | (46.5) | (46.5) |
| Acquisitions | (205.7) | 0.6 | 0 | 0 | 0 | 0 | 0 | 0.2 | (6.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0.0 | (0.4) | 0 | (2.1) | (1.2) | (0.1) | 0 | 0 | (1.5) | 0 | 0 | (3) | (0.4) | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.1 | (58.0) | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 401.8 | 206.8 | 148.6 | 89.0 | 100.1 | (5.9) | 38.4 | 39.9 | 79.6 | 0 | 0 | 76.8 | 70.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 88.6 | 68.2 | 68.2 | 35.1 | 35.1 |
| Investing Cash Flow | (68.5) | 113.3 | 97.9 | 27.2 | (12.6) | (73.6) | (10.0) | 10.2 | 54.3 | 0 | 0 | 60.0 | 31.8 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.1 | (58.0) | 76.4 | 42.8 | 42.8 | (11.4) | (11.4) |
| Financing Activities | ||||||||||||||||||||||||||
| Net Debt Issuance | (31.3) | (2.0) | 383.2 | 295.8 | 519.0 | (1.9) | (16.5) | 160.7 | (1.2) | 0 | 0 | (8.4) | (1.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0.0 | (4) | (35) | 0 | (9) | (21.0) | 0 | (0.6) | 0 | 0 | 0 | (0.1) | 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 | 0.6 | (33.7) | 106.3 | 1.0 | (78.5) | (0.6) | 539.3 | 0.2 | 0.3 | 0 | 0 | (0.0) | (7.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (8.2) | (26.3) | (26.3) | 41.7 | 41.7 |
| Financing Cash Flow | 427.8 | 352.6 | 454.5 | 388.2 | 431.5 | 94.9 | 522.8 | 168.1 | 105.1 | 0 | 0 | (8.5) | (8.9) | 0 | 0 | 0 | 0 | 0 | (0.6) | (0.1) | 59.4 | (8.2) | (26.3) | (26.3) | 41.7 | 41.7 |
| Cash Position | ||||||||||||||||||||||||||
| Net Change in Cash | 198.7 | 119.6 | (46.9) | (103.5) | 84.2 | (260.6) | 185.0 | 87.4 | 85.4 | (26.3) | 0 | 4.3 | (43.7) | 184.9 | 0.5 | 0 | 0 | 0 | (0.3) | (0.2) | 0.9 | (44.8) | (12.5) | (12.5) | 4.9 | 4.9 |
| Cash at Beginning | 291.3 | 171.7 | 196.3 | 299.8 | 215.6 | 476.3 | 291.3 | 203.9 | 118.5 | 154.3 | 0 | 130.2 | 173.9 | 0.5 | 0 | 0 | 0 | 0 | 0.7 | 0.9 | 0 | 44.8 | 57.2 | 69.7 | 64.8 | 0 |
| Cash at End | 490.1 | 291.3 | 149.4 | 196.3 | 299.8 | 215.6 | 476.3 | 291.3 | 203.9 | 128.0 | 0 | 134.5 | 130.2 | 185.4 | 0.5 | 0 | 0 | 0 | 0.4 | 0.7 | 0.9 | 0 | 44.8 | 57.2 | 69.7 | 4.9 |
| Free Cash Flow | (423.3) | (440.6) | (650.3) | (580.0) | (446.4) | (351.6) | (373.4) | (120.9) | (91.6) | 0 | 0 | (61.4) | (104.2) | 0 | 0 | 0 | 0 | 0 | 0.2 | (0.2) | (0.4) | (12.6) | (54.6) | (54.6) | (71.9) | (71.9) |
| 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 | 228.8 | 188.9 | 224.8 | 169.7 | 155.6 | 70.1 | 69.0 | 62.0 | 99.2 | 119.5 | 114.8 | 87.3 | 93.8 | 72.6 | 77.1 | 76.6 | 89.2 | 90.4 | 87.5 | 87.5 | 109.8 | 109.8 | 51.6 | 51.6 | 41.6 | 41.6 |
| Gross Profit | (8.5) | (39.0) | 10.6 | 40.8 | 12.8 | (4.0) | 5.1 | 2.8 | 24.4 | 34.1 | 27.0 | 21.1 | 16.2 | 13.5 | 10.7 | 3.5 | 27.6 | 41.4 | 49.3 | 49.3 | 71.4 | 71.4 | (7.3) | (7.3) | (4.3) | (4.3) |
| Operating Income | (101.7) | (105.9) | (78.8) | 6.9 | (24.9) | (98.5) | (48.3) | (53.6) | (15.7) | 0.5 | 3.7 | (4.5) | (41.3) | (10.2) | (24.5) | (24.7) | (8.1) | (3.3) | (4.6) | (4.6) | 70.0 | 70.0 | (16.2) | (16.2) | (15.5) | (15.5) |
| Net Income | (92.3) | (159.5) | 70.5 | (266.7) | (147.7) | 105.3 | (531.9) | (50.1) | (17.7) | 0.6 | (5.0) | (1.8) | (40.4) | (9.5) | (13.0) | (22.1) | (15.6) | (9.6) | (15.6) | (15.6) | 56.9 | 56.9 | (13.3) | (13.3) | (14.6) | (14.6) |
| EPS (Diluted) | -0.37 | -0.68 | 0.26 | -1.28 | -0.76 | 1.79 | -3.22 | -0.35 | -0.14 | 0.01 | -0.05 | -0.02 | -0.36 | -0.09 | -0.12 | -0.20 | -0.14 | -0.09 | -0.00 | – | 0.51 | 0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| Balance Sheet | ||||||||||||||||||||||||||
| Cash & Equivalents | 490.1 | 291.3 | 171.7 | 196.3 | 299.8 | 215.6 | 476.3 | 291.3 | 203.9 | 128.0 | 144.7 | 134.5 | 139.7 | 185.4 | 231.4 | 330.8 | 0.3 | 372.1 | 372.1 | 179.7 | 179.7 | 44.8 | 44.8 | |||
| Total Assets | 3,446.4 | 3,101.1 | 2,804.6 | 2,437.1 | 2,041.1 | 1,598.6 | 1,557.9 | 1,046.4 | 827.7 | 691.0 | 639.4 | 621.6 | 619.0 | 636.8 | 651.4 | 659.7 | 58.4 | 647.0 | 647.0 | 995.7 | 995.7 | 853.3 | 853.3 | |||
| Total Debt | 1,952.3 | 2,028.7 | 1,188.3 | 916.0 | 625.7 | 301.2 | 286.3 | 171.4 | 117.2 | 97.8 | 92.8 | 93.6 | 100.7 | 99.5 | 100.2 | 91.8 | 0.2 | 92.4 | 92.4 | 43.2 | 43.2 | 47.6 | 47.6 | |||
| Stockholders' Equity | 1,102.8 | 730.1 | 867.8 | 573.8 | 706.8 | 794.6 | 276.6 | 520.7 | 479.4 | 391.4 | 332.6 | 318.8 | 308.5 | 321.2 | 318.3 | 317.3 | 53.5 | 288.1 | 288.1 | 230.2 | 230.2 | 145.9 | 145.9 | |||
| Cash Flow | ||||||||||||||||||||||||||
| Operating Cash Flow | (157.8) | (346.9) | (599.5) | (520.3) | (334.9) | (284.0) | (325.1) | (90.7) | (74.1) | 0 | 0 | (47.6) | (66.1) | 0 | 0 | 0 | 0 | 0 | 0.2 | (0.2) | (0.4) | (0.3) | (29.2) | (29.2) | (25.4) | (25.4) |
| Capital Expenditure | (265.5) | (93.7) | (50.7) | (59.7) | (111.5) | (67.6) | (48.4) | (30.1) | (17.5) | 0 | 0 | (13.8) | (38.1) | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | (0.0) | (12.2) | (25.4) | (25.4) | (46.5) | (46.5) |
| Free Cash Flow | (423.3) | (440.6) | (650.3) | (580.0) | (446.4) | (351.6) | (373.4) | (120.9) | (91.6) | 0 | 0 | (61.4) | (104.2) | 0 | 0 | 0 | 0 | 0 | 0.2 | (0.2) | (0.4) | (12.6) | (54.6) | (54.6) | (71.9) | (71.9) |