Canopy Growth Corporation logo CGC - Canopy Growth Corporation

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 9
HOLD 10
SELL 7
STRONG
SELL
0
| PRICE TARGET: $14.47 DETAILS
HIGH: $27.85
LOW: $8.00
MEDIAN: $11.02
CONSENSUS: $14.47
UPSIDE: 1291.35%
Metric 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 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3
Revenue
Revenue 102.3 66.7 72.1 65.0 74.8 63.0 66.2 72.8 78.5 69.6 76.3 73.7 84.8 87.9 105.9 111.8 141.0 131.4 136.2 148.4 152.5 135.3 110.4 107.9 123.8 76.6 90.5 94.0 83.0 23.3 25.9 22.8 21.7 17.6 15.9 14.7 9.8 8.5 7.0 5.0 3.5 2.5 1.7 0.8 0.6 0.3 0.2 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
Cost of Revenue 72.8 44.8 54.1 54.5 50.7 41.2 43.2 57.3 50.3 46.2 62.5 177.8 79.6 88.6 111.5 271.0 130.9 202.5 109.0 138.6 127.9 109.2 103.9 313.5 85.6 73.1 (15.6) 25.6 70.6 57.3 (16.1) 15.6 3.1 (11.2) (3.8) 13.2 (7.2) (7.3) 3.5 2.4 0.7 (7.0) (2.4) 1.0 0.4 0.2 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 29.5 21.9 18.0 10.5 24.1 21.8 23.0 15.5 28.2 23.4 13.8 (104.1) 5.2 (0.6) (5.6) (159.2) 10.1 (71.1) 27.2 9.8 24.6 26.1 6.5 (205.6) 38.2 3.5 106.1 68.5 12.5 (34.0) 42.0 7.2 18.6 28.8 19.7 1.4 16.9 15.8 3.4 2.7 2.8 9.4 4.1 (0.2) 0.2 0.1 0.1 (0.1) 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
R&D Expenses 0 0 0 0 0 0 0 0.8 1.3 1.1 1.4 4.4 4.9 5.5 7.0 8.7 6.5 8.8 8.3 15.8 14.0 14.2 13.7 20.6 20.8 11.9 8.5 7.3 5.3 1.9 0.8 0.5 0.3 0.5 0.1 (0.5) 0.4 0.5 0.4 0.3 0.2 0.2 0.0 0.1 0.0 0.1 0.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 40.9 31.5 30.4 8.8 37.6 37.0 38.3 41.3 46.1 42.4 50.0 97.3 69.8 76.1 87.0 103.7 98.6 116.0 97.3 129.9 125.8 134.9 133.3 236.5 192.9 241.2 194.7 212.0 154.9 171.9 67.0 51.8 38.3 23.1 17.9 15.4 9.3 7.8 6.0 6.3 4.5 3.7 2.8 1.8 2.8 2.4 1.2 1.3 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 Expenses 24.7 7.3 10.2 20.0 10.3 30.8 13.8 80.1 41.2 (13.1) 17.1 474.7 43.2 67.0 1,742.9 257.9 54.9 19.4 109.3 97.3 438.5 161.3 31.9 645.8 16.9 158.3 19.3 (133.5) 235.2 (111.3) (5.1) (6.2) (0.0) (0.0) (0.1) 3.1 1.0 1.0 0.9 0.8 0.8 (0.0) 0.3 0 0 0 0 (1.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 65.6 38.8 40.7 28.8 47.9 67.8 52.1 122.2 88.5 30.4 68.4 576.3 117.9 148.6 1,836.8 370.4 160.1 144.2 214.9 243.0 578.2 310.3 178.9 902.9 230.6 266.8 216.0 229.2 165.2 177.4 70.8 57.3 43.8 28.9 23.1 18.0 10.8 9.3 7.3 7.4 5.4 4.3 3.1 3.0 2.9 2.5 1.3 1.5 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
Operating Income
Operating Income (36.2) (16.9) (22.6) (18.3) (23.8) (45.9) (29.1) (106.7) (60.3) (7.0) (54.7) (680.5) (112.7) (149.2) (1,842.4) (529.6) (150.0) (215.4) (187.7) (233.2) (553.6) (284.3) (172.4) (1,108.5) (192.4) (265.8) (123.1) (174.5) (157.2) (214.6) (30.7) (51.0) (26.0) (1.1) (4.2) (22.0) 4.8 (6.1) (4.1) (5.0) (2.7) 4.0 1.0 (0.3) (2.7) (1.4) (1.0) (2.8) (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) (0.0)
Interest Expense 10.1 8.8 9.7 15.4 16.8 21.3 21.1 21.1 24.6 27.4 32.2 35.5 33.3 30.5 26.9 21.0 26.4 26.6 24.6 4.8 1.0 1.5 1.2 0 2.2 1.2 1.2 0 0 0.5 16.0 24.3 0 0.1 0.0 0.2 0.2 0.0 0.0 0.0 0.1 2.3 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
Interest Income 4.3 2.0 1.1 2.4 1.9 2.4 2.1 2.4 2.5 3.5 7.8 8.4 7.0 4.9 4.0 (0.3) 1.6 2.8 2.6 2.3 7.3 2.8 9.0 0 12.3 16.5 22.7 0 0 2.5 0.8 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 0.0 0.0 0.0 0.0 0 0 0
Profitability
EBITDA (63.1) 16.6 (21.8) (194.3) (94.5) (99.7) (90.8) (63.7) (194.5) (95.4) 40.7 (683.4) (175.6) (138.2) (2,039.2) (530.3) (59.3) 35.9 442.6 (578.1) (811.4) (62.7) (96.2) (920.5) (104.4) (342.6) (180.8) (197.7) (144.8) (316.6) (66.6) (45.7) (20.1) 5.2 1.7 (12.4) 7.2 7.5 (3.0) (3.9) (1.9) 5.6 1.3 (0.2) (2.5) (2.3) (1.1) (1.5) (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)
EBIT (75.4) 7.4 (31.5) (205.8) (104.8) (110.0) (101.9) (75.0) (206.7) (107.9) 23.6 (704.2) (194.9) (157.8) (2,061.1) (560.7) (89.3) 7.1 417.4 (607.0) (843.8) (94.5) (130.2) (960.9) (134.8) 238.0 (182.6) (246.4) (152.7) (329.8) (77.5) (50.1) (25.2) (0.1) (3.4) (16.6) 6.1 6.5 (3.9) (4.7) (2.7) 5.1 1.0 (0.3) (2.7) (2.4) (1.2) (1.5) (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)
Income Before Tax (85.4) (1.4) (41.2) (221.2) (121.6) (131.2) (123.0) (96.1) (231.4) (135.3) (8.6) (739.7) (228.2) (188.2) (2,088.0) (587.1) (115.7) (19.5) 392.9 (611.8) (844.9) (96) (131.4) 279.5 (137.1) (375.1) (1,266.8) (309.6) 75.9 (330.3) (93.7) (62.4) 18.6 (0.9) (4.3) (22.4) 3.7 5.8 (4.1) (4.8) (3.5) 3.9 1.0 (1.3) (2.6) (2.4) (1.2) (2.8) (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
Income Tax Expense 0.5 0.2 0.3 0.3 0.3 0.3 6.2 (1.4) (1.1) 12.8 2.0 (16.4) (1.3) 8.2 3.7 (8.5) (0.2) (3.2) 2.9 4.9 (15.6) 0.6 (3.0) (113.0) (27.4) (0.5) 14.3 13.7 (1.0) 0.3 (2.7) (8.0) 7.6 0.7 0.1 (1.3) 0.7 0.4 (0.2) 0.4 (0.2) 2.3 0 0 0 0 0 1.6 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
Net Income (85.9) (1.6) (41.5) (220.8) (121.9) (128.3) (127.1) (92.3) (216.8) (310.0) (38.1) (711.6) (259.5) (292.2) (2,086.4) (574.6) (108.9) (11.1) 392.4 (700.0) (904.4) (32.1) (108.5) 456.9 (91.4) (374.2) (1,283.1) (335.6) 67.6 (337.1) (80.3) (61.5) 1.6 (1.3) (4.3) (21.1) 3.0 5.4 (3.9) (5.1) (3.3) 3.9 1.0 (1.3) (2.6) (2.4) (1.2) (2.8) (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) (0.0)
Per Share Data
EPS (Basic) -0.25 -0.01 -0.22 -1.42 -1.11 -1.48 -1.60 -1.03 -2.61 -4.33 -0.14 -2.38 -0.98 -0.49 -5.24 -1.47 -0.30 -0.03 1.02 -1.85 -2.43 -0.09 -0.30 1.26 -0.35 -1.08 -3.70 -0.98 0.22 -1.52 -0.40 -0.31 0.01 -0.01 -0.03 -0.13 0.03 0.05 -0.04 -0.05 -0.04 0.06 0.02 -0.03 -0.07 -0.06 -0.03 -1.40 -0.03 -0.01 -0.04 -0.00 -0.01 -0.02 -0.00 -0.01 -0.01 -0.00 -0.00 -0.01 -0.01 -0.00 -0.00 -0.01 -0.03
EPS (Diluted) -0.25 -0.01 -0.22 -1.42 -1.11 -1.48 -1.60 -1.03 -2.61 -4.33 -0.14 -2.38 -0.98 -0.49 -5.24 -1.47 -0.29 -0.03 0.84 -1.85 -2.43 -0.09 -0.30 1.26 -0.35 -0.98 -3.70 -0.98 -0.38 -1.52 -0.40 -0.31 0.01 -0.01 -0.03 -0.13 0.02 0.05 -0.04 -0.05 -0.04 0.05 0.02 -0.03 -0.07 -0.06 -0.03 -1.40 -0.03 -0.01 -0.04 -0.00 -0.01 -0.02 -0.00 -0.01 -0.01 -0.00 -0.00 -0.01 -0.01 -0.00 -0.00 -0.01 -0.03
Shares Outstanding 345.5 274.0 188.3 107.6 110.3 86.8 79.2 89.5 82.9 71.6 271.6 271.6 271.6 471.6 398.2 394.0 389.0 393.3 384.1 378.4 372.2 356.2 361.7 351.5 348.5 347.2 346.8 343.9 303.3 221.7 200.2 196.0 182.0 167.2 163.9 163.9 116.8 108.9 103.7 100.0 93.4 63.8 50.9 40.4 40.3 40.0 39.9 2.0 1 1 1 1.0 1 1 1 1 1.0 1 1 1 1 1 1 0.9 0.7
Metric 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 2010 Q2 2010 Q1 2009 Q4
Current Assets
Cash & Cash Equivalents 509.5 298.1 126.2 113.8 161.9 228.4 192.2 170.3 142.7 240.4 402.3 667.7 441.2 539.6 597.5 776.0 486.3 636.6 559.8 1,154.7 825.0 673.3 975.9 915.6 1,561.7 1,102.5 1,816.6 2,480.8 4,115.9 429.4 657.9 322.6 237.7 108.2 115.5 101.8 92.5 45.4 19.5 15.4 0.0 0.0 0.0
Short-Term Investments 0 0 17.4 17.7 16.4 2.8 2.8 33.2 45.6 31.9 35.4 105.5 150.5 295.6 357.0 595.7 648.4 916.3 1,512.3 1,162.9 788.5 1,069.1 1,079.7 488.2 705.9 1,633.7 1,324.3 2,034.1 799.4 0 0 0 0 0 0 0 0 0 0 0 0.6 0.6 0.2
Net Receivables 44.6 26.9 50.0 52.8 49.1 41.9 50.9 51.8 51.0 54.5 96.9 68.5 77.2 78.2 75.0 86.6 79.8 73.0 87.6 67.1 74.6 63.0 42.2 63.3 108.8 107.5 102.8 107.0 95.5 45.8 27.7 21.4 9.1 6.8 6.5 5.8 2.5 1.9 1.4 1.1 0 0 0
Inventory 144.8 102.4 93.8 96.4 90.8 90.1 84.5 77.3 87.8 88.0 107.2 83.2 157.8 152.6 159.6 204.5 289.2 278.5 412.8 369.5 395.7 400.4 407.0 274.8 622.6 461.8 393.7 262.1 185.0 150.4 118.2 101.6 93.2 73.8 65.5 46.0 50.6 27.6 24.2 22.2 0 0 0
Other Current Assets 13.8 9.1 9.0 8.4 12.1 11.8 15.1 28.8 58.4 64.8 6.0 138.2 16.7 15.6 22.3 31.3 42.5 36.4 58.2 55.7 49.5 41.0 58.0 15.8 59.1 105.1 77.3 29.1 18.7 19.2 70.4 2.2 18.1 24.2 16.0 22.3 5.6 14.0 0.5 0.4 0.0 0.0 0.0
Total Current Assets 719.9 445.8 303.4 294.6 341.1 391.7 357.8 371.2 397.3 493.7 666.3 1,077.3 865.3 1,111.5 1,237.4 1,727.6 1,571.8 1,972.9 2,675.2 2,838.2 2,171.6 2,291.9 2,613.9 1,801.6 3,172.7 3,568.5 3,864.3 5,070.1 5,277.2 702.9 892.8 481.8 374.2 218.2 208.1 177.7 152.7 89.9 50.4 44.8 0.6 0.6 0.2
Non-Current Assets
Property, Plant & Equipment 391.1 288.8 291.3 293.5 299.6 303.2 315.0 320.1 340.5 346.2 298.1 471.3 644.8 624.7 719.3 942.8 854.0 885.4 1,142.6 1,074.5 1,148.3 1,495.1 1,508.7 1,071.3 1,725.3 1,633.3 1,429.3 1,096.3 960.2 661.4 479.9 303.7 154.0 123.2 103.8 96.3 60.9 53.2 48.7 45.0 0 0 0
Goodwill 65.2 48.2 47.4 46.0 44.1 44.5 43.4 43.2 85.2 83.9 63.7 85.6 104.8 98.6 107.5 1,866.5 1,571.9 1,579.6 2,000.5 1,889.4 1,917.9 1,933.5 1,929.4 1,373.1 2,068.7 1,912.5 1,931.9 1,544.1 1,815.6 1,114.2 340.4 314.9 272.3 274.3 271.5 241.4 34.9 20.9 20.9 20.9 0 0 0
Intangible Assets 104.5 81.1 84.3 87.2 89.8 95.4 99.0 104.1 119.1 148.8 138.0 160.8 157.5 161.5 188.3 252.7 267.8 269.7 347.1 308.2 366.4 437.3 444.2 334.7 567.2 514.0 528.6 519.6 168.5 103.9 101.7 101.5 127.9 156.2 159.0 162.3 31.6 31.7 31.8 31.9 0 0 0
Long-Term Investments 64.9 61.5 19.5 35.3 53.2 139.8 150.8 136.2 180.8 258.1 471.7 568.3 441.4 451.7 467.6 341.7 710.4 401.4 687.7 610.7 616.3 318.5 212.8 221.4 475.0 562.1 860.0 475.8 385.7 367.4 270.6 226.6 141.6 26.7 1.2 24.0 0 0 0 0.2 0 0 0
Other Non-Current Assets 172.2 144.3 158.8 161.1 336.5 257.8 320.3 325.5 236.9 337.5 14.7 76.6 14.2 10.5 11.2 473.9 12.0 7.1 113.5 102.5 88.7 97.4 136.8 13.1 37.1 34.8 31.4 25.9 32.9 26.8 27.0 8.3 1.9 0 1.2 (24.0) 0.5 0.6 0.5 0.6 0 0 0.0
Total Non-Current Assets 797.9 624.0 601.3 623.1 823.1 840.7 928.4 929.1 962.5 1,174.5 986.2 1,362.4 1,362.7 1,347.0 1,493.9 3,877.6 3,416.1 3,143.1 4,291.3 3,985.3 4,137.6 4,281.8 4,231.9 3,016.4 4,873.3 4,656.7 4,781.2 3,661.7 3,362.9 2,273.6 1,219.5 955.0 720.9 580.4 535.6 499.9 128.0 106.3 101.9 98.5 0 0 0.0
Total Assets 1,517.8 1,069.8 904.7 917.7 1,164.2 1,232.3 1,286.2 1,300.3 1,359.8 1,668.2 1,652.5 2,439.7 2,228.0 2,458.5 2,731.3 5,605.3 4,987.9 5,116.0 6,966.5 6,823.5 6,309.2 6,573.7 6,845.8 4,818.0 8,046.0 8,225.2 8,645.6 8,731.8 8,640.1 2,976.5 2,112.3 1,436.8 1,095.1 798.7 743.7 677.6 280.7 196.2 152.2 143.4 0.6 0.6 0.2
Current Liabilities
Account Payables 27.4 18.1 24.1 26.1 28.9 18.4 25.5 28.7 25.8 22.7 43.4 31.8 46.6 49.3 50.2 64.3 53.6 74.4 91.3 67.3 86.5 81.1 89.4 86.7 225.2 241.8 205.0 188.9 39.3 32.6 46.1 46.2 24.6 16.2 13.2 5.7 12.5 7.4 6.5 5.9 0 0 0
Short-Term Debt 0 1.8 6.3 4.3 3.2 137.9 2.5 103.9 91.3 50.0 201.7 556.9 362.2 259.5 200.0 9.3 43.0 36.0 15.7 9.8 13.0 13.3 22.6 39.9 21.7 14.1 18.3 103.7 18.4 903.5 2.5 1.6 1.5 1.6 1.7 1.7 1.1 1.1 0.6 0.6 0 0 0
Deferred Revenue 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 45.0 51.8 37.6 0.3 0.2 0.8 0.9 0.7 0.9 0.7 0.6 0.2 0.3 0.2 0.5 0 0 0
Other Current Liabilities 61.3 30.1 35.4 31.7 31.9 68.4 81.2 70.6 62.2 85.1 84.3 175.0 70.4 64.2 49.0 76.7 74.7 70.7 68.9 106.4 150.2 130.2 101.2 145.5 111.6 124.9 109.7 92.9 237.7 27 0 0 1.9 2.1 0 0 0 0 0.2 0.5 0.0 0.0 0.0
Total Current Liabilities 134.9 81.1 98.7 94.4 97.0 281.3 166.6 234.7 221.3 196.3 340.4 803.8 500.7 391.9 314.0 213.2 189.1 204.9 256.1 284.3 348.2 324.5 319.7 295.5 418.3 425.8 372.8 411.7 295.7 1,090.3 130.6 92.0 29.2 20.8 15.8 17.7 14.0 8.9 7.6 7.2 0.0 0.0 0.0
Non-Current Liabilities
Long-Term Debt 308.7 226.3 289.0 299.8 438.4 415.9 558.5 493.3 520.7 631.2 597.6 750.0 553.4 745.8 982.0 1,491.7 1,181.7 1,196.3 1,545.1 1,573.1 619.2 520.4 477.8 315.5 536.1 590.4 787.5 842.3 773.0 6.7 617.7 6.9 7.3 8.0 8.2 8.6 6.1 6.4 3.5 3.5 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0.9 0.4 6.6 7.1 11.4 16.0 21.6 20.1 0 0 0 0 0 33.1 65.7 91.0 104.1 96.0 25.7 30.9 30.8 33.5 38.8 37.7 36.0 35.8 8.3 7.6 7.2 7.4 0 0 0
Other Non-Current Liabilities 10.2 7.8 8.1 8.5 7.8 7.9 8.8 16.2 5.8 21.3 17.4 47.1 43.8 45.3 41.1 162.8 183.3 222.8 791.8 1,250.0 947.3 472.1 689.2 451.8 1,496.1 1,495.3 1,488.0 140.4 122.0 7.8 108.7 61.1 0 0.7 0.7 36.6 0.2 1.8 8.7 8.9 0 0 0
Total Non-Current Liabilities 342.7 252.7 317.0 336.1 475.7 441.4 586.7 565.1 593.7 722.5 672.8 875.8 665.2 864.1 1,110.5 1,771.7 1,469.0 1,510.1 2,430.0 2,917.3 1,665.4 1,096.2 1,264.0 884.7 2,097.9 2,176.7 2,379.6 1,078.7 920.8 45.3 757.3 101.6 46.1 46.3 45.0 45.2 15.1 15.7 12.2 12.4 0 0 0
Total Liabilities 477.5 333.8 415.7 430.5 572.7 722.7 753.3 799.8 815.1 918.8 1,013.2 1,679.7 1,165.9 1,256.1 1,424.5 1,984.8 1,658.2 1,714.9 2,686.1 3,201.7 2,013.7 1,420.7 1,583.7 1,180.2 2,516.2 2,602.5 2,752.3 1,490.4 1,216.4 1,135.6 887.9 193.6 75.3 67.1 60.8 62.9 29.1 24.6 19.9 19.6 0.0 0.0 0.0
Stockholders' Equity
Common Stock 12,582.4 9,078.3 8,836.5 8,796.4 8,670.5 8,490.7 8,393.9 8,244.3 8,219.7 8,219.8 6,084.4 7,938.6 5,803.7 5,649.4 5,902.4 7,482.8 5,912.8 5,886.8 7,463.6 7,168.6 6,787.7 6,745.3 6,724.2 4,477.8 6,359.6 6,331.3 6,074.8 6,026.6 5,947.7 2,097.7 1,124.5 1,076.8 866.5 684.2 652.5 621.5 253.0 176.0 143.2 131.1 0 0 0
Retained Earnings (15,140.0) (10,971.3) (10,969.7) (10,928.1) (10,707.4) (10,585.5) (10,457.2) (10,330.0) (10,237.7) (10,020.9) (7,325.9) (9,672.8) (6,593.3) (6,269.3) (6,564.4) (6,378.2) (4,582.1) (4,482.3) (5,675.7) (6,068.2) (5,368.2) (4,463.8) (4,431.7) (3,037.4) (3,826.1) (3,707.0) (3,334.7) (777.1) (441.5) (509.1) (171.9) (91.6) (30.1) (31.7) (33.8) (30.4) (9.3) (12.3) (17.7) (13.8) (0.0) (0.0) (0.0)
Accumulated Other Comprehensive Income 9.0 14.0 7.2 0.5 (9.0) (16.0) (21.5) (16.1) (16.0) (24.8) (6.4) (13.9) (10.5) (24.4) (16.7) (42.3) (21.1) (21.6) (61.5) (34.2) 27.4 103.3 152.4 155.2 2,722.8 2,727.7 2,868.6 1,702.1 1,722.0 43.2 184.8 173.6 135.0 41.3 28.8 23.6 7.8 7.9 6.9 5.8 0 0 0
Total Stockholders' Equity 1,040.3 736.0 489.0 487.2 591.5 509.7 532.9 500.4 544.5 749.3 638.2 758.4 1,051.6 1,174.4 1,274.4 3,583.6 3,272.1 3,342.3 4,140.1 3,481.8 3,956.6 4,917.9 4,965.3 3,433.0 5,256.4 5,352.0 5,608.7 6,951.6 7,228.3 1,631.8 1,137.4 1,158.8 971.5 693.8 647.5 614.8 251.5 171.6 132.4 123.8 0.6 0.6 0.2
Total Liabilities & Equity 1,517.8 1,069.8 904.7 917.7 1,164.2 1,232.3 1,286.2 1,300.3 1,359.8 1,668.2 1,652.5 2,439.7 2,228.0 2,458.5 2,731.3 5,605.3 4,987.9 5,116.0 6,966.5 6,823.5 6,309.2 6,573.7 6,845.8 4,818.0 8,046.0 8,225.2 8,645.6 8,731.8 8,640.1 2,976.5 2,112.3 1,436.8 1,095.1 798.7 743.7 677.6 280.7 196.2 152.2 143.4 0.6 0.6 0.2
Debt Metrics
Total Debt 350.1 259.3 327.8 348.4 489.7 613.5 623.5 668.0 693.3 765.2 856.2 1,413.7 976.9 1,071.3 1,258.0 1,640.2 1,307.1 1,303.2 1,690.8 1,719.2 769.6 676.4 635.7 439.7 557.8 604.5 805.8 946.0 791.5 910.2 620.3 8.4 8.8 9.6 9.9 10.3 7.2 7.4 4.1 4.0 0 0 0
Net Debt (159.4) (38.7) 201.6 234.6 327.8 385.1 431.4 497.7 550.5 524.8 453.9 746.0 535.7 531.7 660.5 864.1 820.8 666.7 1,131.0 564.5 (55.3) 3.1 (340.1) (475.9) (1,003.9) (498.0) (1,010.8) (1,534.9) (3,324.4) 480.8 (37.6) (314.1) (228.9) (98.6) (105.6) (91.5) (85.3) (37.9) (15.4) (11.4) (0.0) (0.0) (0.0)
Metric 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
Operating Activities
Net Income (85.9) (1.6) (41.5) (221.5) (121.9) (131.6) (129.2) (94.7) (230.3) (148.2) (10.6) (723.4) (226.8) (173.9) (2,091.8) (578.6) (115.5) (16.3) 390.0 (616.7) (829.3) (96.6) (128.3) 392.5 (109.6) (374.6) (1,281.2) (323.4) 74.9 (330.6) (91.0) (54.4) 11.0 (1.6) (9.2) (21.1) 3.0 5.4 (3.9) (5.1)
Depreciation & Amortization 12.2 9.2 9.7 11.5 10.3 10.3 11.0 11.3 12.2 12.5 17.1 20.8 19.3 19.6 21.9 30.5 30.0 28.8 25.1 28.9 32.4 31.8 34.0 40.4 30.5 25.0 20.8 23.3 7.9 9.4 6.3 5.0 5.2 5.3 5.1 3.1 1.0 1.0 0.9 0.8
Stock-Based Compensation 1.2 2.0 (0.1) (18.7) 5.2 5.2 4.2 4.1 3.7 2.7 3.7 9.5 6.1 9.4 5.4 11.7 6.8 16.0 13.1 18.5 20.0 22.0 30.7 78.4 61.7 92.9 87.4 93.1 64.1 99.6 31.0 20.9 19.0 7.3 4.0 5.7 2.1 1.3 1.0 1.6
Change in Working Capital (1.6) (1.6) 8.3 1.8 2.0 (23.3) (12.4) 26.4 8.0 5.4 (35.8) 93.7 1.5 11.9 (22.1) 156.7 (44.1) 94.5 (41.6) 49.3 33.3 (34.5) (5.5) 30.1 (73.1) (97.7) (73.8) (132.6) (40.7) (50.4) (38.5) (5.8) (14.0) (4.9) (7.7) (6.4) 3.5 (5.6) 4.4 12.8
Other Non-Cash Items 49.9 (26.2) 13.1 193.5 77.1 85.2 68.5 32.3 174.9 36.1 (125.2) 476.1 57.4 (8.6) 1,942.3 261.5 (44.4) (205.6) (555.3) 417.2 671.6 (85.0) (46.4) (652.8) (71.9) (470.9) (8.8) 100.2 (204.0) 140.9 27.5 5.4 (50.5) (17.2) (5.8) 4.2 (12.8) (7.6) (5.9) (11.7)
Operating Cash Flow (23.7) (18.0) (10.3) (33.2) (27.0) (53.9) (51.8) (22.1) (32.6) (78.7) (148.7) (139.7) (143.9) (133.4) (140.5) (126.7) (167.4) (86.0) (165.8) (97.8) (87.6) (161.7) (118.5) (224.4) (189.9) (213.8) (158.3) (225.6) (96.8) (130.5) (67.6) (36.9) (21.7) (10.5) (12.4) (15.7) (2.4) (5.2) (3.8) (1.3)
Investing Activities
Capital Expenditure (2.6) (1.5) (1.5) (3.1) (1.6) (2.6) (3.9) (0.1) (0.5) (1.2) (2.2) (3.1) (2.2) (2.3) (2.9) (6.9) (2.8) (17.3) (21.1) (28.9) (47.4) (33.2) (64.6) (103.2) (174.9) (230.2) (219.5) (147.4) (235.9) (143.1) (156.5) (91.0) (61.3) (16.0) (9.8) (12.8) (8.0) (5.0) (3.7) (0.7)
Acquisitions 0 0 0 0 0 0 (7.0) 2.8 (3.7) 0 0 2.5 0 12.9 (0.5) 107.8 (5.9) (0.2) 1.5 (1.8) 0 4.6 (4.6) 41.7 (97.5) 7.1 (449.3) (50.4) (329.7) (40.5) (3.5) 20.2 (16.1) (5.9) (0.4) 12.0 (0.8) 0 0 0
Purchases of Investments 0 0 0 0 0 0 (95.3) 0.1 0 0 (0.5) (64.5) (38.0) 0 (29.2) (379.4) 0.7 345.9 (346.6) (386.7) 0 (40.1) (385.1) 0 (10.2) (36.4) (395.2) (1,227.6) (799.4) (1.6) (1.2) 0 0 (0.1) 0 (0.3) 0 0 0 0.1
Sales/Maturities of Investments 0.8 17.6 0.8 (0.5) (13.2) 0.2 30.0 10.3 (12.7) 8.9 72.2 87.3 204.2 57.1 154.0 205.8 340.1 0.1 0.1 0 0 0 0 102.8 936.7 (299.8) 687.8 1.9 (33.8) (3.5) (2.8) 0 0 (0.2) 0 0.1 0 0 0 0
Other Investing Activities 8.9 0.3 (0.2) 2.6 (0.3) 3.5 43.2 26.6 16.4 52.0 72.8 69.1 (29.3) 17.6 (0.6) 367.8 (358.8) (2.1) (9.2) (140.2) 287.0 (78.0) 25.2 (116.6) (4.2) 27.6 (37.1) (17.3) (10.6) (4.4) (18.9) (22.4) (19.0) (1.5) (0.0) (0.1) 0.0 0 0 (2.4)
Investing Cash Flow 7.2 16.7 (0.7) (1.0) (14.8) 1.0 (33.0) 39.5 (0.6) 60.1 142.6 91.3 135.1 85.6 121.4 301.9 (24.8) 328.3 (374.6) (555.2) 239.2 (142.1) (426.0) (66.2) 654.0 (529.9) (405.6) (1,442.6) (1,409.3) (193.1) (183.0) (93.2) (96.5) (23.7) (10.2) (1.2) (8.7) (5.0) (3.7) (3.1)
Financing Activities
Net Debt Issuance 0 (70.7) (0.9) (140.8) (134.8) (1.6) 56.4 (29.7) (64.9) (296.9) (118.3) 134.9 (117.5) (0.2) (0.2) (0.5) (0.2) (1.9) (48.1) 874.3 (7.4) (2.5) (1.9) 11.6 (12.8) (0.8) (98.2) 1.5 0 (0.4) 599.6 (0.4) (0.4) (0.3) (0.4) (0.4) (0.3) 3.3 0.1 0.0
Stock Repurchased 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
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
Other Financing Activities (1.7) (3.5) (11.9) (4.6) (12.8) 6.0 (4.5) (9.1) (1.3) (11.1) (14.8) (8.9) (16.0) (11.2) (0.8) 0.1 0.6 (1.3) 3.1 0 25.7 6.0 249.1 16.2 3.0 19.9 16.4 2.0 21.9 5.0 (14.5) (5.1) 3.1 3.8 (0.0) 2.3 (1.5) (0.0) (0.0) 0.1
Financing Cash Flow 125.3 169.0 25.5 (16.0) (30.1) 88.9 105.8 8.5 (66.2) (274.2) (133.1) 126.2 (133.5) (11.4) (1.0) 0.8 0.3 (1.7) (45.0) 995.6 18.3 3.5 247.3 27.9 (8.8) 19.2 (81.7) 67.3 5,088.9 95.1 586.0 215.0 247.7 26.9 36.3 26.2 58.3 36.0 11.6 0.1
Cash Position
Net Change in Cash 100.5 171.9 12.4 (48.1) (66.5) 36.3 21.9 27.6 (100.2) (290.3) (143.7) 78.9 (148.6) (22.8) (6.5) 160.9 (192.5) 247.8 (594.8) 329.7 151.7 (302.6) (327.3) (258.5) 459.2 (714.2) (664.2) (1,635.0) 3,686.5 (228.5) 335.3 84.9 129.5 (7.3) 13.7 9.3 47.1 25.9 4.1 (4.3)
Cash at Beginning 409.0 126.2 113.8 161.9 228.4 192.2 170.3 142.7 243.0 533.3 677.0 598.1 746.7 769.5 776.0 615.1 807.6 559.8 1,154.7 825.0 673.3 975.9 1,303.2 1,561.7 1,102.5 1,816.6 2,480.8 4,115.9 429.4 657.9 322.6 237.7 115.5 115.5 101.8 92.5 45.4 19.5 15.4 19.7
Cash at End 509.5 298.1 126.2 113.8 161.9 228.4 192.2 170.3 142.7 243.0 533.3 677.0 598.1 746.7 769.5 776.0 615.1 807.6 559.8 1,154.7 825.0 673.3 975.9 1,303.2 1,561.7 1,102.5 1,816.6 2,480.8 4,115.9 429.4 657.9 322.6 245.0 108.2 115.5 101.8 92.5 45.4 19.5 15.4
Free Cash Flow (26.2) (19.4) (11.8) (36.3) (28.6) (56.4) (55.7) (22.1) (33.0) (79.8) (150.9) (142.8) (146.1) (135.7) (143.4) (133.6) (170.2) (103.2) (186.9) (126.8) (135.0) (194.9) (183.2) (327.6) (364.8) (444.0) (377.8) (373.0) (332.6) (273.5) (224.1) (127.9) (83.1) (26.5) (22.2) (28.6) (10.4) (10.2) (7.5) (2.0)
Key Metrics 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 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3
Income Statement
Revenue 102.3 66.7 72.1 65.0 74.8 63.0 66.2 72.8 78.5 69.6 76.3 73.7 84.8 87.9 105.9 111.8 141.0 131.4 136.2 148.4 152.5 135.3 110.4 107.9 123.8 76.6 90.5 94.0 83.0 23.3 25.9 22.8 21.7 17.6 15.9 14.7 9.8 8.5 7.0 5.0 3.5 2.5 1.7 0.8 0.6 0.3 0.2 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
Gross Profit 29.5 21.9 18.0 10.5 24.1 21.8 23.0 15.5 28.2 23.4 13.8 (104.1) 5.2 (0.6) (5.6) (159.2) 10.1 (71.1) 27.2 9.8 24.6 26.1 6.5 (205.6) 38.2 3.5 106.1 68.5 12.5 (34.0) 42.0 7.2 18.6 28.8 19.7 1.4 16.9 15.8 3.4 2.7 2.8 9.4 4.1 (0.2) 0.2 0.1 0.1 (0.1) 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 Income (36.2) (16.9) (22.6) (18.3) (23.8) (45.9) (29.1) (106.7) (60.3) (7.0) (54.7) (680.5) (112.7) (149.2) (1,842.4) (529.6) (150.0) (215.4) (187.7) (233.2) (553.6) (284.3) (172.4) (1,108.5) (192.4) (265.8) (123.1) (174.5) (157.2) (214.6) (30.7) (51.0) (26.0) (1.1) (4.2) (22.0) 4.8 (6.1) (4.1) (5.0) (2.7) 4.0 1.0 (0.3) (2.7) (1.4) (1.0) (2.8) (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) (0.0)
Net Income (85.9) (1.6) (41.5) (220.8) (121.9) (128.3) (127.1) (92.3) (216.8) (310.0) (38.1) (711.6) (259.5) (292.2) (2,086.4) (574.6) (108.9) (11.1) 392.4 (700.0) (904.4) (32.1) (108.5) 456.9 (91.4) (374.2) (1,283.1) (335.6) 67.6 (337.1) (80.3) (61.5) 1.6 (1.3) (4.3) (21.1) 3.0 5.4 (3.9) (5.1) (3.3) 3.9 1.0 (1.3) (2.6) (2.4) (1.2) (2.8) (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) (0.0)
EPS (Diluted) -0.25 -0.01 -0.22 -1.42 -1.11 -1.48 -1.60 -1.03 -2.61 -4.33 -0.14 -2.38 -0.98 -0.49 -5.24 -1.47 -0.29 -0.03 0.84 -1.85 -2.43 -0.09 -0.30 1.26 -0.35 -0.98 -3.70 -0.98 -0.38 -1.52 -0.40 -0.31 0.01 -0.01 -0.03 -0.13 0.02 0.05 -0.04 -0.05 -0.04 0.05 0.02 -0.03 -0.07 -0.06 -0.03 -1.40 -0.03 -0.01 -0.04 -0.00 -0.01 -0.02 -0.00 -0.01 -0.01 -0.00 -0.00 -0.01 -0.01 -0.00 -0.00 -0.01 -0.03
Balance Sheet
Cash & Equivalents 509.5 298.1 126.2 113.8 161.9 228.4 192.2 170.3 142.7 240.4 402.3 667.7 441.2 539.6 597.5 776.0 486.3 636.6 559.8 1,154.7 825.0 673.3 975.9 915.6 1,561.7 1,102.5 1,816.6 2,480.8 4,115.9 429.4 657.9 322.6 237.7 108.2 115.5 101.8 92.5 45.4 19.5 15.4 0.0 0.0 0.0
Total Assets 1,517.8 1,069.8 904.7 917.7 1,164.2 1,232.3 1,286.2 1,300.3 1,359.8 1,668.2 1,652.5 2,439.7 2,228.0 2,458.5 2,731.3 5,605.3 4,987.9 5,116.0 6,966.5 6,823.5 6,309.2 6,573.7 6,845.8 4,818.0 8,046.0 8,225.2 8,645.6 8,731.8 8,640.1 2,976.5 2,112.3 1,436.8 1,095.1 798.7 743.7 677.6 280.7 196.2 152.2 143.4 0.6 0.6 0.2
Total Debt 350.1 259.3 327.8 348.4 489.7 613.5 623.5 668.0 693.3 765.2 856.2 1,413.7 976.9 1,071.3 1,258.0 1,640.2 1,307.1 1,303.2 1,690.8 1,719.2 769.6 676.4 635.7 439.7 557.8 604.5 805.8 946.0 791.5 910.2 620.3 8.4 8.8 9.6 9.9 10.3 7.2 7.4 4.1 4.0 0 0 0
Stockholders' Equity 1,040.3 736.0 489.0 487.2 591.5 509.7 532.9 500.4 544.5 749.3 638.2 758.4 1,051.6 1,174.4 1,274.4 3,583.6 3,272.1 3,342.3 4,140.1 3,481.8 3,956.6 4,917.9 4,965.3 3,433.0 5,256.4 5,352.0 5,608.7 6,951.6 7,228.3 1,631.8 1,137.4 1,158.8 971.5 693.8 647.5 614.8 251.5 171.6 132.4 123.8 0.6 0.6 0.2
Cash Flow
Operating Cash Flow (23.7) (18.0) (10.3) (33.2) (27.0) (53.9) (51.8) (22.1) (32.6) (78.7) (148.7) (139.7) (143.9) (133.4) (140.5) (126.7) (167.4) (86.0) (165.8) (97.8) (87.6) (161.7) (118.5) (224.4) (189.9) (213.8) (158.3) (225.6) (96.8) (130.5) (67.6) (36.9) (21.7) (10.5) (12.4) (15.7) (2.4) (5.2) (3.8) (1.3)
Capital Expenditure (2.6) (1.5) (1.5) (3.1) (1.6) (2.6) (3.9) (0.1) (0.5) (1.2) (2.2) (3.1) (2.2) (2.3) (2.9) (6.9) (2.8) (17.3) (21.1) (28.9) (47.4) (33.2) (64.6) (103.2) (174.9) (230.2) (219.5) (147.4) (235.9) (143.1) (156.5) (91.0) (61.3) (16.0) (9.8) (12.8) (8.0) (5.0) (3.7) (0.7)
Free Cash Flow (26.2) (19.4) (11.8) (36.3) (28.6) (56.4) (55.7) (22.1) (33.0) (79.8) (150.9) (142.8) (146.1) (135.7) (143.4) (133.6) (170.2) (103.2) (186.9) (126.8) (135.0) (194.9) (183.2) (327.6) (364.8) (444.0) (377.8) (373.0) (332.6) (273.5) (224.1) (127.9) (83.1) (26.5) (22.2) (28.6) (10.4) (10.2) (7.5) (2.0)