CIFR - Cipher Mining Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$30.67
DETAILS
HIGH:
$54.00
LOW:
$18.00
MEDIAN:
$32.00
CONSENSUS:
$30.67
UPSIDE:
126.85%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Revenue | 24.8 | 34.8 | 59.7 | 71.7 | 43.6 | 49.0 | 42.2 | 24.1 | 36.8 | 48.1 | 43.4 | 30.3 | 31.2 | 21.9 | 3.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 57.4 | 71.7 | 59.0 | 41.2 | 31.0 | 29.2 | 34.9 | 29.8 | 30.6 | 27.9 | 13.3 | 30.1 | 28.5 | 20.1 | 5.3 | 0.2 | 0 | 0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (32.6) | (36.9) | 0.7 | 30.5 | 12.6 | 19.8 | 7.3 | (5.7) | 6.2 | 20.3 | 30.1 | 0.2 | 2.7 | 1.8 | (2.3) | (0.2) | 0 | 0 | (0.0) | (0.0) | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | |||||||||||||||||||||||||
| R&D Expenses | 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 |
| SG&A Expenses | 16.5 | 11.7 | 10.2 | 8.2 | 9.1 | 9.0 | 9.3 | 8.9 | 8.4 | 6.1 | 22.5 | 6.8 | 8.7 | 5.5 | 18.8 | 17.8 | 16.7 | 17.4 | 69.2 | 2.3 | 0.5 | 0.1 | 0.2 | 0.0 | 0 |
| Other Expenses | 23.6 | 0 | 219.5 | 60.0 | 48.7 | 48.9 | (19.1) | 76.8 | 14.0 | (32.6) | (8.3) | 12.5 | 6.1 | 0.5 | 0 | (77.0) | 12.6 | 0.2 | 0 | 0.0 | 0.0 | 0 | 0 | 0 | 0.0 |
| Operating Expenses | 40.1 | 11.7 | 229.7 | 68.1 | 57.8 | 57.9 | (9.8) | 85.7 | 22.4 | (26.5) | 14.3 | 19.3 | 14.8 | 5.9 | 18.8 | (59.2) | 29.3 | 17.6 | 69.2 | 2.3 | 0.5 | 0.1 | 0.2 | 0.0 | 0.0 |
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (72.6) | (48.6) | (228.9) | (37.6) | (45.2) | (38.1) | 17.1 | (91.4) | (16.2) | 46.8 | 15.8 | (19.1) | (12.1) | (4.1) | (21.1) | 59.2 | (29.3) | (17.6) | (69.2) | (2.3) | (0.5) | (0.1) | (0.2) | (0.0) | (0.0) |
| Interest Expense | 66.7 | 59.2 | 33.4 | 1.3 | 1.1 | 0.8 | 0.6 | 0.3 | 0.4 | 0.4 | 0.5 | 0.6 | 0.5 | 0.4 | 0.1 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 |
| Interest Income | 35.9 | 31.6 | 18.5 | 0.5 | 0.3 | 0.2 | 0.4 | 1.2 | 1.1 | 0.8 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||
| EBITDA | (181.7) | (29.0) | (652.6) | 57.7 | 0.8 | 5.8 | 52.8 | (61.3) | 6.2 | 63.4 | 32.6 | (2.6) | 2.5 | 7.8 | (16.5) | 59.5 | (29.0) | (17.4) | (69.2) | (2.4) | (0.5) | 0 | 1.1 | (0.0) | (0.0) |
| EBIT | (200.4) | (48.6) | (704.9) | (2.3) | (43.7) | (38.1) | 16.1 | (90.2) | (14.4) | 45.9 | 15.7 | (19.1) | (12.1) | (4.1) | (21.1) | 59.3 | (29.2) | (17.5) | (69.2) | (2.4) | (0.5) | (0.1) | 1.1 | (0.0) | 0 |
| Income Before Tax | (267.2) | (113.9) | (738.3) | (3.6) | (44.9) | (38.8) | 15.5 | (90.6) | (14.8) | 45.5 | 15.2 | (19.7) | (12.6) | (4.5) | (49.8) | 59.3 | (29.2) | (17.5) | (69.1) | (2.4) | (0.5) | (0.1) | 1.1 | (0.0) | (0.0) |
| Income Tax Expense | 0.4 | 0.4 | (4.1) | (0.3) | 0.9 | 0.1 | (2.0) | (3.8) | 0.5 | 5.6 | 4.0 | (1.1) | 0.6 | 0.1 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (267.5) | (114.3) | (734.2) | (3.3) | (45.8) | (39.0) | 17.5 | (86.8) | (15.3) | 39.9 | 11.2 | (18.6) | (13.2) | (4.6) | (51.6) | 59.3 | (29.2) | (17.5) | (69.1) | (2.4) | (0.5) | (0.1) | 1.1 | (0.0) | (0.0) |
| Per Share Data | |||||||||||||||||||||||||
| EPS (Basic) | -0.65 | -0.28 | -1.93 | -0.01 | -0.12 | -0.11 | 0.05 | -0.26 | -0.05 | 0.13 | 0.04 | -0.07 | -0.05 | -0.03 | -0.21 | 0.24 | -0.12 | -0.07 | -0.28 | -0.01 | -0.00 | -0.00 | 0.01 | -0.00 | -0.00 |
| EPS (Diluted) | -0.65 | -0.28 | -1.93 | -0.01 | -0.12 | -0.11 | 0.05 | -0.26 | -0.05 | 0.13 | 0.04 | -0.07 | -0.05 | -0.03 | -0.21 | 0.24 | -0.12 | -0.07 | -0.28 | -0.01 | -0.00 | -0.00 | 0.01 | -0.00 | -0.00 |
| Shares Outstanding | 409.4 | 405.1 | 381.6 | 376.4 | 375.1 | 360.5 | 348.1 | 332.7 | 314.4 | 296.6 | 291.0 | 251.8 | 249.1 | 248.7 | 247.6 | 247.5 | 247.7 | 250.2 | 249.3 | 217.6 | 247.1 | 200 | 214.8 | 214.8 | 214.8 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||
| Cash & Cash Equivalents | 4,020.3 | 3,727.1 | 628.3 | 1,207.4 | 62.7 | 23.2 | 5.6 | 25.3 | 122.6 | 88.7 | 86.1 | 3.3 | 1.7 | 3.9 | 11.9 | 28.1 | 37.0 | 99.5 | 209.8 | 282.3 | 0.1 | 0.6 | 0 | 0.1 | 0.0 |
| Short-Term Investments | 37.8 | 76.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 123.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 20.1 | 8.5 | 1.0 | 1.0 | 1.8 | 33.6 | 34.9 | 0.3 | 0.5 | 1.1 | 0.9 | 0.4 | 2.0 | 1.6 | 1.2 | 0.7 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 37.8 | 0 | 125.4 | 170.3 | 112.1 | 52.0 | 92.7 | 95.5 | 138.1 | 0 | 33.0 | 13.7 | 10.5 | 9.6 | 6.3 | 2.3 | 0.8 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 16.1 | 82.3 | 1,898.2 | 40.7 | 43.0 | 45.8 | 35.0 | 30.7 | 48.3 | 34.2 | 35.5 | 37.0 | 28.0 | 21.4 | 21.1 | 30.4 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 4,132.1 | 3,894.0 | 2,652.9 | 1,419.5 | 219.7 | 154.6 | 168.2 | 151.8 | 309.4 | 250.2 | 155.5 | 54.4 | 42.3 | 36.5 | 47.7 | 69.8 | 47.9 | 111.1 | 223.7 | 297.6 | 0.4 | 0.9 | 0 | 0.1 | 0.0 |
| Non-Current Assets | |||||||||||||||||||||||||
| Property, Plant & Equipment | 2,168.8 | 1,315.0 | 644.7 | 661.7 | 669.2 | 612.7 | 532.3 | 465.8 | 307.1 | 245.4 | 281.7 | 263.9 | 274.1 | 269.0 | 269.3 | 246.1 | 225.9 | 228.1 | 120.0 | 74.5 | 0 | 0 | 0.0 | 0 | 0 |
| Goodwill | 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 |
| Intangible Assets | 76.9 | 77.2 | 77.4 | 9.4 | 9.2 | 9.0 | 8.9 | 25.7 | 8.5 | 8.2 | 8.1 | 0 | 0 | 0 | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 542.8 | 526.2 | 29.4 | 42.3 | 45.9 | 48.5 | 53.9 | 55.0 | 49.9 | 119.3 | 35.3 | 33.6 | 33.1 | 34.5 | 37.5 | 31.7 | 56.8 | 7.4 | 0 | 0 | 170.0 | 170.1 | 0 | 0 | 0 |
| Other Non-Current Assets | 580.9 | 581.3 | 887.5 | 707.9 | 74.8 | 89.0 | 92.2 | 77.1 | 100.7 | 54.0 | 85.6 | 64.5 | 67.2 | 72.6 | 63.4 | 59.9 | 11.4 | 11.4 | 10.5 | 9.6 | 0 | 0 | 0.2 | 0.2 | 0.0 |
| Total Non-Current Assets | 3,369.4 | 2,499.6 | 1,639.0 | 1,421.4 | 799.1 | 759.2 | 687.2 | 623.7 | 466.2 | 426.9 | 410.6 | 362.1 | 374.4 | 376.2 | 370.7 | 337.7 | 294.1 | 246.8 | 130.5 | 84.0 | 170.0 | 170.1 | 0.2 | 0.2 | 0.0 |
| Total Assets | 7,501.5 | 6,393.6 | 4,291.9 | 2,840.9 | 1,018.8 | 913.8 | 855.4 | 775.4 | 775.6 | 677.1 | 566.1 | 416.5 | 416.7 | 412.7 | 418.5 | 407.5 | 342.0 | 357.9 | 354.2 | 381.7 | 170.4 | 171.0 | 0.2 | 0.3 | 0.1 |
| Current Liabilities | |||||||||||||||||||||||||
| Account Payables | 289.1 | 197.9 | 40.1 | 12.5 | 14.9 | 29.9 | 22.7 | 13.2 | 13.7 | 7.5 | 6.5 | 6.2 | 3.6 | 12.2 | 17.4 | 7.9 | 16.8 | 5.9 | 0.2 | 0.1 | 0 | 0 | 0.0 | 0 | 0 |
| Short-Term Debt | 94.5 | 355.3 | 37.8 | 0 | 0 | 35.5 | 32.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 |
| Deferred Revenue | 25.5 | 7.4 | 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 Liabilities | 958.4 | 509.1 | 546.3 | 534.4 | 5.2 | 3.9 | 9.6 | 6.5 | 3.9 | 16.9 | 6.4 | 4.5 | 1.8 | 0.1 | 0.2 | 0.2 | 0 | 0.1 | 0.0 | 0 | 0.9 | 0.4 | 0 | 0.1 | 0.0 |
| Total Current Liabilities | 1,379.1 | 1,245.7 | 699.1 | 570.2 | 52.5 | 138.7 | 131.8 | 59.1 | 36.4 | 31.0 | 33.8 | 38.9 | 38.7 | 33.3 | 40.3 | 19.6 | 23.6 | 10.0 | 0.5 | 1.4 | 0.9 | 0.4 | 0.2 | 0.3 | 0.1 |
| Non-Current Liabilities | |||||||||||||||||||||||||
| Long-Term Debt | 5,446.9 | 4,376.8 | 2,711.6 | 1,023.1 | 167.1 | 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 | 3.4 | 3.6 | 4.3 | 6.6 | 10.6 | 10.4 | 5.2 | 1.3 | 2.5 | 1.9 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 23.5 | 22.9 | 33.7 | 451.1 | 32.1 | 20.8 | 20.3 | 19.8 | 19.3 | 18.7 | 18.4 | 18.0 | 17.5 | 17.1 | 16.7 | 0.0 | 0.0 | 0.1 | 0.1 | 0.3 | 0.2 | 0.2 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 5,534.6 | 4,408.0 | 2,757.0 | 1,487.4 | 217.3 | 40.3 | 41.7 | 44.4 | 48.4 | 45.2 | 41.0 | 34.9 | 34.8 | 34.8 | 35.2 | 4.8 | 5.0 | 5.4 | 0.1 | 0.3 | 0.2 | 0.2 | 0 | 0 | 0 |
| Total Liabilities | 6,913.7 | 5,653.7 | 3,456.1 | 2,057.7 | 269.9 | 179.0 | 173.5 | 103.4 | 84.8 | 76.2 | 74.8 | 73.8 | 73.5 | 68.1 | 75.6 | 24.4 | 28.6 | 15.4 | 0.6 | 1.7 | 1.1 | 0.6 | 0.2 | 0.3 | 0.1 |
| Stockholders' Equity | |||||||||||||||||||||||||
| Common Stock | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 170.0 | 170.0 | 0.2 | 0.0 | 0.0 |
| Retained Earnings | (1,385.5) | (1,118.0) | (1,003.7) | (269.5) | (266.2) | (220.4) | (181.4) | (198.9) | (112.2) | (96.9) | (136.8) | (148.2) | (130.5) | (117.8) | (111.2) | (59.6) | (118.9) | (89.7) | (72.2) | (3.1) | (2.2) | (1.1) | (0.0) | (0.0) | (0.0) |
| Accumulated Other Comprehensive 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 |
| Total Stockholders' Equity | 562.1 | 714.2 | 805.5 | 783.2 | 748.9 | 734.8 | 682.0 | 672.0 | 690.8 | 600.9 | 491.3 | 342.7 | 343.2 | 344.6 | 342.9 | 383.1 | 313.3 | 342.5 | 353.5 | 380.0 | 169.3 | 170.3 | (0.0) | 0.0 | 0.0 |
| Total Liabilities & Equity | 7,501.5 | 6,393.6 | 4,291.9 | 2,840.9 | 1,018.8 | 913.8 | 855.4 | 775.4 | 775.6 | 677.1 | 566.1 | 416.5 | 416.7 | 412.7 | 418.5 | 407.5 | 342.0 | 357.9 | 354.2 | 381.7 | 170.4 | 171.0 | 0.2 | 0.3 | 0.1 |
| Debt Metrics | |||||||||||||||||||||||||
| Total Debt | 5,586.8 | 4,746.7 | 2,767.0 | 1,044.0 | 189.3 | 58.4 | 56.4 | 23.2 | 23.3 | 20.9 | 22.0 | 25.3 | 29.4 | 20.8 | 20.7 | 5.8 | 6.0 | 5.8 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 |
| Net Debt | 1,566.5 | 1,019.6 | 2,138.8 | (163.5) | 126.6 | 35.2 | 50.8 | (2.2) | (99.2) | (67.7) | (64.1) | 21.9 | 27.7 | 16.9 | 8.7 | (22.3) | (31.0) | (93.7) | (209.8) | (282.3) | (0.1) | (0.6) | 0 | 0.1 | 0.0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||
| Net Income | (267.5) | (114.3) | (734.2) | (3.3) | (45.8) | (39.0) | 17.5 | (86.8) | (15.3) | 39.9 | 11.2 | (17.7) | (13.2) | (6.6) | (51.6) | 59.3 | (29.2) | (17.5) | (75.6) | (2.4) | (0.5) | (0.1) | 1.1 | (0.0) |
| Depreciation & Amortization | 18.8 | 19.6 | 52.3 | 60.0 | 44.5 | 43.8 | 36.7 | 29.0 | 20.6 | 17.5 | 16.9 | 16.5 | 14.6 | 11.9 | 4.6 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0 | 0 |
| Stock-Based Compensation | 30.5 | 27.0 | 25.0 | 8.2 | 10.5 | 9.1 | 10.3 | 10.2 | 13.3 | 8.3 | 9.8 | 10.7 | 9.2 | 8.8 | 11.4 | 10.5 | 10.1 | 9.5 | 69.6 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | (239.8) | 93.4 | (21.1) | (6.9) | (19.2) | (20.9) | 0.3 | 19.4 | 2.0 | (3.3) | (23.7) | 4.8 | 4.4 | 3.8 | (4.6) | 1.2 | (0.2) | 4.4 | (1.4) | (25.0) | (0.4) | 0.1 | 0 | (0.2) |
| Other Non-Cash Items | 214.9 | 65.8 | 627.4 | (108.6) | (45.2) | (40.5) | (91.4) | 25.7 | (45.7) | (94.6) | (144.8) | (5.3) | (33.3) | (7.1) | 28.2 | (70.2) | 12.6 | 0.1 | 2.9 | 1.4 | 0.0 | (0.1) | (1.4) | 0.2 |
| Operating Cash Flow | (243.5) | 91.5 | (54.4) | (50.1) | (56.2) | (47.2) | (29.0) | (6.5) | (25.4) | (26.6) | (126.6) | 7.7 | (17.7) | 10.8 | (12.0) | 1.0 | (6.6) | (3.3) | (4.6) | (26.0) | (1.0) | (0.0) | (0.3) | (0.0) |
| Investing Activities | ||||||||||||||||||||||||
| Capital Expenditure | (410.3) | (554.0) | (230.1) | (45.1) | (31.3) | (100.0) | (75.2) | (176.5) | (39.6) | (12.6) | (17.5) | 2.2 | (12.4) | (19.1) | (14.9) | (43.2) | (65.9) | (104.0) | (5.0) | (0.1) | 0.0 | 0 | 0.0 | 0 |
| Acquisitions | 0 | 0 | (4.6) | (4.7) | (5.6) | (7.3) | (7.9) | (8.8) | (2.1) | (18.3) | 0 | 0 | (0.0) | (3.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | (35.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.5) | (0.0) | (3.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (170) | 0 |
| Sales/Maturities of Investments | 123.4 | 0 | 64.5 | 28.9 | 31.3 | 90.0 | 69.1 | 69.5 | 10.3 | 0 | 0 | (3.8) | 31.5 | 3.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (36.0) | 79.8 | (0.3) | (0.4) | (0.4) | (0.4) | 16.7 | (17.0) | (0.5) | (0.2) | 110.6 | (4.4) | (3.7) | 3.8 | 10.7 | 33.2 | 10.1 | 0 | (40.7) | (74.3) | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (322.8) | (474.2) | (205.2) | (21.0) | (93.2) | (17.3) | 3.0 | (132.8) | (31.4) | (31.0) | 93.7 | (6.5) | 15.4 | (18.3) | (4.1) | (9.9) | (55.8) | (104.0) | (45.7) | (74.5) | 0 | 0 | (170) | 0 |
| Financing Activities | ||||||||||||||||||||||||
| Net Debt Issuance | 795.9 | 1,968.2 | 1,707.2 | 1,269.1 | 140.6 | (0.9) | 23.1 | (1.2) | (1.2) | (1.2) | (4.7) | 2.1 | (2.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | (0.1) | 0 |
| Stock Repurchased | 3.8 | (3.8) | (82.3) | (3.0) | (4.0) | (1.1) | (16.9) | (3.5) | (4.1) | (3.2) | (0.7) | (2.1) | (0.6) | (0.5) | (0.0) | (0.0) | 0 | (3.1) | (25.4) | 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 |
| Other Financing Activities | (49) | 0 | 1.5 | (83) | 0 | (0.3) | 0 | (0.6) | (1.2) | (1.6) | (3.1) | (8.4) | (0.1) | 0 | 0 | 0 | 0 | 0 | 3.2 | 383.9 | 4.1 | 0 | 0 | 0.0 |
| Financing Cash Flow | 879.8 | 1,964.4 | 1,703.0 | 1,215.2 | 188.9 | 82.1 | 6.2 | 56.6 | 90.6 | 60.2 | 115.7 | 0.4 | 0.1 | (0.5) | (0.0) | (0.0) | 0 | (3.1) | (22.2) | 383.9 | 4.1 | 0.1 | 171.5 | 0.0 |
| Cash Position | ||||||||||||||||||||||||
| Net Change in Cash | 313.4 | 1,581.7 | 1,443.4 | 1,144.1 | 39.5 | 17.6 | (19.8) | (82.8) | 33.9 | 2.6 | 82.8 | 1.6 | (2.2) | (8.0) | (16.2) | (8.9) | (62.5) | (110.3) | (72.4) | 282.1 | 3.1 | (0.7) | 1.2 | 0.0 |
| Cash at Beginning | 4,246.3 | 2,664.6 | 1,221.2 | 77.1 | 23.2 | 20.0 | 39.7 | 122.6 | 88.7 | 86.1 | 3.3 | 1.7 | 3.9 | 11.9 | 28.1 | 37.0 | 99.5 | 209.8 | 282.3 | 0.1 | 0.1 | 1.3 | 0.1 | 0.0 |
| Cash at End | 4,559.8 | 4,246.3 | 2,664.6 | 1,221.2 | 62.7 | 37.6 | 20.0 | 39.7 | 122.6 | 88.7 | 86.1 | 3.3 | 1.7 | 3.9 | 11.9 | 28.1 | 37.0 | 99.5 | 209.8 | 282.3 | 3.2 | 0.6 | 1.3 | 0.1 |
| Free Cash Flow | (653.8) | (462.5) | (284.6) | (95.2) | (87.5) | (147.3) | (104.2) | (183.0) | (64.9) | (39.3) | (144.2) | 9.9 | (30.1) | (8.2) | (26.9) | (42.1) | (72.5) | (107.3) | (9.5) | (26.1) | (1.0) | (0.0) | (0.3) | (0.0) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||
| Revenue | 24.8 | 34.8 | 59.7 | 71.7 | 43.6 | 49.0 | 42.2 | 24.1 | 36.8 | 48.1 | 43.4 | 30.3 | 31.2 | 21.9 | 3.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (32.6) | (36.9) | 0.7 | 30.5 | 12.6 | 19.8 | 7.3 | (5.7) | 6.2 | 20.3 | 30.1 | 0.2 | 2.7 | 1.8 | (2.3) | (0.2) | 0 | 0 | (0.0) | (0.0) | 0 | 0 | 0 | 0 | 0 |
| Operating Income | (72.6) | (48.6) | (228.9) | (37.6) | (45.2) | (38.1) | 17.1 | (91.4) | (16.2) | 46.8 | 15.8 | (19.1) | (12.1) | (4.1) | (21.1) | 59.2 | (29.3) | (17.6) | (69.2) | (2.3) | (0.5) | (0.1) | (0.2) | (0.0) | (0.0) |
| Net Income | (267.5) | (114.3) | (734.2) | (3.3) | (45.8) | (39.0) | 17.5 | (86.8) | (15.3) | 39.9 | 11.2 | (18.6) | (13.2) | (4.6) | (51.6) | 59.3 | (29.2) | (17.5) | (69.1) | (2.4) | (0.5) | (0.1) | 1.1 | (0.0) | (0.0) |
| EPS (Diluted) | -0.65 | -0.28 | -1.93 | -0.01 | -0.12 | -0.11 | 0.05 | -0.26 | -0.05 | 0.13 | 0.04 | -0.07 | -0.05 | -0.03 | -0.21 | 0.24 | -0.12 | -0.07 | -0.28 | -0.01 | -0.00 | -0.00 | 0.01 | -0.00 | -0.00 |
| Balance Sheet | |||||||||||||||||||||||||
| Cash & Equivalents | 4,020.3 | 3,727.1 | 628.3 | 1,207.4 | 62.7 | 23.2 | 5.6 | 25.3 | 122.6 | 88.7 | 86.1 | 3.3 | 1.7 | 3.9 | 11.9 | 28.1 | 37.0 | 99.5 | 209.8 | 282.3 | 0.1 | 0.6 | 0 | 0.1 | 0.0 |
| Total Assets | 7,501.5 | 6,393.6 | 4,291.9 | 2,840.9 | 1,018.8 | 913.8 | 855.4 | 775.4 | 775.6 | 677.1 | 566.1 | 416.5 | 416.7 | 412.7 | 418.5 | 407.5 | 342.0 | 357.9 | 354.2 | 381.7 | 170.4 | 171.0 | 0.2 | 0.3 | 0.1 |
| Total Debt | 5,586.8 | 4,746.7 | 2,767.0 | 1,044.0 | 189.3 | 58.4 | 56.4 | 23.2 | 23.3 | 20.9 | 22.0 | 25.3 | 29.4 | 20.8 | 20.7 | 5.8 | 6.0 | 5.8 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 |
| Stockholders' Equity | 562.1 | 714.2 | 805.5 | 783.2 | 748.9 | 734.8 | 682.0 | 672.0 | 690.8 | 600.9 | 491.3 | 342.7 | 343.2 | 344.6 | 342.9 | 383.1 | 313.3 | 342.5 | 353.5 | 380.0 | 169.3 | 170.3 | (0.0) | 0.0 | 0.0 |
| Cash Flow | |||||||||||||||||||||||||
| Operating Cash Flow | (243.5) | 91.5 | (54.4) | (50.1) | (56.2) | (47.2) | (29.0) | (6.5) | (25.4) | (26.6) | (126.6) | 7.7 | (17.7) | 10.8 | (12.0) | 1.0 | (6.6) | (3.3) | (4.6) | (26.0) | (1.0) | (0.0) | (0.3) | (0.0) | |
| Capital Expenditure | (410.3) | (554.0) | (230.1) | (45.1) | (31.3) | (100.0) | (75.2) | (176.5) | (39.6) | (12.6) | (17.5) | 2.2 | (12.4) | (19.1) | (14.9) | (43.2) | (65.9) | (104.0) | (5.0) | (0.1) | 0.0 | 0 | 0.0 | 0 | |
| Free Cash Flow | (653.8) | (462.5) | (284.6) | (95.2) | (87.5) | (147.3) | (104.2) | (183.0) | (64.9) | (39.3) | (144.2) | 9.9 | (30.1) | (8.2) | (26.9) | (42.1) | (72.5) | (107.3) | (9.5) | (26.1) | (1.0) | (0.0) | (0.3) | (0.0) | |