COE - 51Talk Online Education Group
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| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||
| Revenue | 30.8 | 26.3 | 20.4 | 18.2 | 16.2 | 14.0 | 11.0 | 9.4 | 7.5 | 7.8 | 6.3 | 5.6 | 5.1 | 4.6 | 3.5 | 1.9 | 0 | (27.0) | 89.7 | 91.2 | 81.9 | 78.9 | 69.6 | 68.5 | 56.8 | 57.4 | 51.2 | 47.7 | 43.3 | 44.1 | 42.5 | 41.8 | 41.8 | 35.4 | 28.3 | 23.2 | 18.5 | 18.1 | 28.9 | 11.2 | 8.2 | 6.8 | 5.1 | 3.9 |
| Cost of Revenue | 8.5 | 7.0 | 5.2 | 4.2 | 3.7 | 3.0 | 2.4 | 2.1 | 1.9 | 1.9 | 1.4 | 1.2 | 1.1 | 1.0 | 0.7 | 0.4 | 0 | (7.3) | 24.5 | 24.3 | 22.4 | 21.5 | 20.2 | 20.3 | 15.8 | 16.3 | 15.6 | 15.7 | 16.3 | 15.9 | 14.6 | 14.8 | 15.7 | 13.5 | 10.5 | 7.9 | 6.5 | 6.2 | 10.7 | 4.1 | 3.1 | 2.6 | 1.9 | 1.6 |
| Gross Profit | 22.3 | 19.3 | 15.2 | 14.0 | 12.6 | 11.1 | 8.6 | 7.3 | 5.6 | 6.0 | 4.9 | 4.3 | 4.0 | 3.6 | 2.8 | 1.5 | 0 | (19.6) | 65.2 | 67.0 | 59.5 | 57.4 | 49.3 | 48.2 | 40.9 | 41.1 | 35.6 | 31.9 | 27.1 | 28.1 | 27.9 | 27.0 | 26.1 | 21.9 | 17.8 | 15.2 | 11.9 | 11.9 | 18.2 | 7.1 | 5.1 | 4.1 | 3.2 | 2.3 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||||||
| R&D Expenses | 1.6 | 1.6 | 1.2 | 1.0 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 0.7 | 0.7 | 0.4 | 0.6 | 0.7 | 1.1 | 0 | (2.8) | 10.1 | 8.8 | 6.8 | 6.4 | 5.4 | 5.0 | 5.3 | 5.4 | 6.0 | 6.1 | 6.2 | 6.6 | 6.7 | 8.3 | 9.8 | 9.2 | 7.5 | 7.3 | 6.6 | 6.2 | 7.6 | 4.1 | 3.2 | 2.4 | 1.7 | 1.2 |
| SG&A Expenses | 25.9 | 21.9 | 16.7 | 14.3 | 12.6 | 11.0 | 10.1 | 10.4 | 9.0 | 9.0 | 7.2 | 6.2 | 5.7 | 5.6 | 6.2 | 3.9 | 0 | (13.3) | 61.3 | 59.0 | 52.2 | 49.2 | 41.4 | 39.2 | 35.9 | 36.6 | 34.7 | 35.4 | 39.6 | 34.4 | 32.8 | 36.3 | 41.0 | 33.6 | 30.6 | 28.2 | 27.0 | 24.3 | 31.3 | 18.5 | 18.4 | 15.8 | 12.8 | 9.4 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | (0.9) | (1.7) | (1.2) | (1.4) | (1.4) | (2.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 27.5 | 23.4 | 17.9 | 15.3 | 13.5 | 11.8 | 11.0 | 11.3 | 9.9 | 9.8 | 7.9 | 6.9 | 6.2 | 6.2 | 6.9 | 5.0 | 0 | (15.7) | 70.4 | 66.1 | 57.8 | 54.3 | 45.5 | 41.9 | 41.2 | 42.0 | 40.7 | 41.4 | 45.8 | 41.0 | 39.5 | 44.6 | 50.8 | 42.9 | 38.1 | 35.6 | 33.6 | 30.5 | 38.9 | 22.6 | 21.6 | 18.2 | 14.5 | 10.6 |
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||
| Operating Income | (5.2) | (4.2) | (2.7) | (1.3) | (0.9) | (0.8) | (2.4) | (4.0) | (4.3) | (3.9) | (3.0) | (2.6) | (2.2) | (2.6) | (4.1) | (3.5) | 0 | (3.9) | (5.2) | 0.9 | 1.7 | 3.1 | 3.8 | 6.3 | (0.3) | (0.9) | (5.1) | (9.5) | (18.7) | (12.9) | (11.5) | (17.6) | (24.7) | (21.0) | (20.3) | (20.4) | (21.7) | (18.6) | (20.8) | (15.6) | (16.5) | (14.1) | (11.3) | (8.2) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | (0.1) | 0.2 | 0.5 | 0 | 0 | 0.2 | 0.0 | 0.3 | 0.4 | 0.1 | 0.6 | 0.8 | 0 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0.0 | 0 | (0.2) | 1.7 | 1.8 | 1.8 | 1.7 | 1.2 | 1.1 | 0.9 | 0.7 | 0.5 | 0.5 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||||||||||||||||
| EBITDA | (5.8) | (4.5) | (2.9) | (1.3) | (0.9) | (0.8) | (2.4) | (4.0) | (4.3) | (3.9) | (3.0) | (2.6) | (2.2) | (2.6) | (4.5) | (3.5) | 0 | (4.3) | (3.6) | 2.7 | 1.7 | 3.1 | 5.1 | 8.0 | 0.6 | (0.2) | (4.6) | (7.9) | (19.5) | (12.5) | (11.5) | (17.3) | (24.7) | (21.0) | (20.3) | (20.4) | (21.7) | (18.6) | (20.8) | (15.6) | (16.5) | (14.1) | (11.3) | (8.2) |
| EBIT | (5.8) | (4.5) | (2.9) | (1.3) | (0.9) | (0.8) | (2.4) | (4.0) | (4.3) | (3.9) | (3.0) | (2.6) | (2.2) | (2.6) | (4.5) | (3.5) | 0 | (4.4) | (3.6) | 2.7 | 1.7 | 3.1 | 5.1 | 7.4 | 0.6 | (0.2) | (4.6) | (9.0) | (19.5) | (12.5) | (11.5) | (17.3) | (24.7) | (21.0) | (20.3) | (20.4) | (21.7) | (18.6) | (20.8) | (15.6) | (16.5) | (14.1) | (11.3) | (8.2) |
| Income Before Tax | (5.8) | (4.5) | (2.9) | (1.3) | (1.5) | (0.6) | (1.2) | (4.0) | (5.5) | (3.9) | (3.0) | (2.6) | (2.0) | (2.8) | (4.6) | (3.4) | 0 | (3.8) | (3.7) | 2.1 | 3.5 | 4.9 | 4.9 | 7.3 | 0.3 | (0.6) | (4.6) | (9.7) | (20.2) | (13.0) | (11.0) | (17.7) | (25.5) | (21.1) | (20.4) | (20.2) | (22.1) | (18.4) | (20.8) | (15.3) | (17.0) | (13.6) | (11.2) | (8.3) |
| Income Tax Expense | 0.7 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 | 0.2 | (0.0) | (0.1) | 0.0 | 0 | 0.0 | 0.0 | 0.0 | 0 | (0.1) | 0.4 | 0.9 | (1.4) | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | (0.0) | 0.2 | 0.1 | 0.4 |
| Net Income | (6.5) | (4.8) | (3.0) | (1.5) | (1.6) | (0.6) | (1.2) | (4.0) | (5.7) | (3.9) | (2.9) | (2.6) | (2.0) | (2.8) | (16.6) | (21.2) | 0 | 19.2 | (4.2) | 1.2 | 4.9 | 4.6 | 4.6 | 7.1 | 0.1 | (0.8) | (4.8) | (9.9) | (20.3) | (13.1) | (11.1) | (17.9) | (25.8) | (21.3) | (20.5) | (20.3) | (22.2) | (18.5) | (21.0) | (15.3) | (17.0) | (13.9) | (11.4) | (8.6) |
| Per Share Data | ||||||||||||||||||||||||||||||||||||||||||||
| EPS (Basic) | -65.40 | -48.00 | -31.20 | -15.00 | -16.80 | -6.60 | -13.20 | -41.40 | -59.40 | -40.80 | -30.60 | -27.60 | -21.60 | -30.00 | -178.20 | -228.00 | – | 207.60 | -45.60 | 13.80 | 54.00 | 51.60 | 52.20 | 82.20 | 1.34 | -9.60 | -56.40 | -115.80 | -239.40 | -154.80 | -131.40 | -213.00 | -307.20 | -253.80 | -245.40 | -243.00 | -265.80 | -222.00 | -251.40 | -276.00 | -114.00 | -205.80 | -165.60 | -125.40 |
| EPS (Diluted) | -65.40 | -48.00 | -31.20 | -15.00 | -16.80 | -6.60 | -13.20 | -41.40 | -59.40 | -40.80 | -30.60 | -27.60 | -21.60 | -30.00 | -178.20 | -228.00 | – | 204.60 | -44.40 | 12.60 | 51.00 | 48.60 | 48.60 | 76.20 | 1.24 | -9.60 | -56.40 | -115.80 | -239.40 | -154.80 | -131.40 | -213.00 | -307.20 | -253.80 | -245.40 | -243.00 | -265.80 | -222.00 | -251.40 | -276.00 | -114.00 | -205.80 | -165.60 | -125.40 |
| Shares Outstanding | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Metric | 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 | 2021 Q4 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 38.9 | 33.5 | 27.8 | 29.4 | 27.8 | 22.2 | 16.7 | 17.4 | 21.3 | 20.0 | 16.9 | 18.8 | 18.2 | 22.2 | 21.1 | 24.6 | 52.9 | 44.6 | 50.0 | 48.0 | 44.8 | 46.6 | 49.0 | 32.0 | 34.0 | 36.8 | 60.1 | 62.7 | 49.7 | 66.0 | 49.0 | 43.1 | 55.5 | 44.0 | 39.6 | 16.8 | 25.3 | 11.9 | 7.2 |
| Short-Term Investments | 0.1 | 3.1 | 3.1 | 0.1 | 1.4 | 3.4 | 4.3 | 4.3 | 2.1 | 2.9 | 4.8 | 4.9 | 4.9 | 0 | 0 | 6.5 | 137.5 | 140.5 | 151.1 | 104.1 | 93.4 | 93.6 | 85.3 | 95.3 | 80.1 | 67.0 | 43.5 | 32.8 | 41.0 | 21.3 | 46.5 | 55.4 | 47.9 | 52.3 | 53.6 | 76.6 | 73.6 | 19.4 | 25.7 |
| Net Receivables | 0 | 0 | 0 | 0 | 0.7 | 0 | 0 | 0 | 0.5 | 0 | 0.3 | 0 | 0 | 0.0 | 0 | 0.2 | 0 | 0 | 1.6 | 0 | 0 | 0.8 | 0.3 | 0 | 0 | 0 | 0.5 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 | 1.4 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.2 | 0.3 | 0.2 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 21.4 | 22.6 | 18.8 | 12.5 | 7.0 | 11.0 | 10.4 | 7.9 | 3.5 | 5.7 | 5.0 | 3.3 | 2.4 | 3.4 | 1.0 | 118.9 | 0 | 0 | 33.1 | 0 | 0 | 26.4 | 25.8 | 0 | 0 | 0 | 21.9 | 0 | 0 | 0 | 1.0 | 0 | 0 | 0 | 0.7 | 0 | 0 | 0.5 | 0.4 |
| Total Current Assets | 60.4 | 59.2 | 49.7 | 42.0 | 40.1 | 36.7 | 31.4 | 29.6 | 29.8 | 28.6 | 26.9 | 27.0 | 26.6 | 25.7 | 26.1 | 151.4 | 241.3 | 233.1 | 247.6 | 195.0 | 176.1 | 175.1 | 170.1 | 163.5 | 152.4 | 142.6 | 138.8 | 129.7 | 121.2 | 114.9 | 108.5 | 111.2 | 113.0 | 107.2 | 102.7 | 101.2 | 105.1 | 37.0 | 39.4 |
| Non-Current Assets | |||||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 5.2 | 5.0 | 2.7 | 2.9 | 3.3 | 1.7 | 1.6 | 0.8 | 0.9 | 0.7 | 0.7 | 0.7 | 0.8 | 0.9 | 0.1 | 1.7 | 22.3 | 21.9 | 18.2 | 13.1 | 11.5 | 11.4 | 11.0 | 12.7 | 11.1 | 11.3 | 5.1 | 5.0 | 5.9 | 7.2 | 7.5 | 7.2 | 5.9 | 5.8 | 6.0 | 5.2 | 4.5 | 4.3 | 3.9 |
| Goodwill | 0.1 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 |
| Intangible Assets | 0 | 0.1 | 0.1 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 5.4 | 2.8 | 3.1 | 1.2 | 1.2 | 1.2 | 1.4 | 1.3 | 1.4 | 1.6 | 1.7 | 1.7 | 1.4 | 1.5 | 1.5 | 1.6 | 0.8 | 0.7 | 0.7 | 0.6 | 0.6 | 0.5 | 0.4 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.1 | 63.7 | 77.8 | 63.4 | 81.3 | 63.1 | 30.5 | 16.2 | 0 | 0 | 0 | 0 | 1.1 | 1.1 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0.3 | 0.5 | 0.4 | 0.4 | 0.5 | 0.4 | 0.3 | 0.2 | 0.3 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 22.8 | 4.6 | 3.8 | 3.7 | 2.8 | 1.5 | 1.2 | 1.0 | 1.0 | 1.1 | 0.9 | 0.6 | 0.8 | 0.8 | 0.9 | 0.8 | 0.8 | 1.0 | 0.8 | 0.8 | 1.0 | 0.8 | 0.7 | 0.6 |
| Total Non-Current Assets | 5.7 | 5.6 | 3.3 | 3.5 | 3.8 | 2.3 | 2.1 | 1.2 | 1.4 | 1.2 | 1.1 | 1.0 | 1.1 | 1.3 | 0.4 | 35.8 | 98.4 | 107.9 | 90.6 | 98.9 | 77.8 | 45.0 | 30.2 | 15.5 | 14.1 | 14.5 | 8.1 | 9.2 | 9.7 | 11.2 | 11.5 | 11.2 | 9.4 | 8.9 | 9.0 | 7.5 | 6.5 | 6.1 | 5.5 |
| Total Assets | 66.1 | 64.9 | 52.9 | 45.5 | 43.9 | 38.9 | 33.5 | 30.8 | 31.2 | 29.8 | 27.9 | 28.0 | 27.6 | 26.9 | 26.5 | 187.1 | 339.7 | 341.0 | 338.2 | 293.9 | 253.9 | 220.1 | 200.4 | 179.0 | 166.6 | 157.0 | 146.9 | 138.9 | 130.9 | 126.2 | 120.0 | 122.5 | 122.4 | 116.1 | 111.7 | 108.8 | 111.6 | 43.1 | 44.9 |
| Current Liabilities | |||||||||||||||||||||||||||||||||||||||
| Account Payables | 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 |
| Short-Term Debt | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0 | 30.4 | 0 | 0 | 0 | 0 | 0 | 0 | 2.4 | 4.3 | 6.2 | 8.2 | 0 | 0 | 3.8 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 76.6 | 70.7 | 56.4 | 47.9 | 45.1 | 39.7 | 34.5 | 30.1 | 27.2 | 23.7 | 21.0 | 17.7 | 15.2 | 13.2 | 10.2 | 2.9 | 416.6 | 419.3 | 416.1 | 375.9 | 339.7 | 317.7 | 311.8 | 280.0 | 274.4 | 263.8 | 242.4 | 213.3 | 206.9 | 199.0 | 180.2 | 158.7 | 140.0 | 115.1 | 94.1 | 76.8 | 63.2 | 51.5 | 40.7 |
| Other Current Liabilities | 15.8 | 0 | 0 | 0 | 0.4 | 0 | 0 | 0 | 1.4 | 0 | 0 | 0 | 0.1 | 4.0 | 0 | 291.2 | 0 | 0 | 3.1 | 0 | 0 | 2.0 | 1.5 | 0 | 0 | 0 | 0.8 | 0 | 0 | 0 | 1.2 | 0 | 0 | 0 | 0.7 | 0 | 0 | 0.1 | 0.2 |
| Total Current Liabilities | 95.4 | 86.6 | 70.2 | 60.2 | 56.9 | 51.6 | 46.0 | 42.5 | 39.1 | 32.2 | 26.4 | 23.0 | 20.5 | 17.8 | 14.8 | 297.0 | 464.1 | 463.4 | 462.0 | 416.4 | 375.8 | 353.4 | 345.7 | 319.8 | 315.0 | 306.0 | 274.1 | 245.5 | 242.6 | 234.7 | 218.2 | 194.2 | 171.2 | 142.8 | 120.8 | 100.5 | 87.9 | 69.2 | 56.8 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||||||||
| Long-Term Debt | 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 | 10.0 | 11.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.1 | 0.1 | 0 | 0 | 0 | 0.6 | 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 | 0.0 | 0.0 | 0.1 | 0.1 |
| Other Non-Current Liabilities | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.6 | 0.2 | 2.6 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 |
| Total Non-Current Liabilities | 2.0 | 2.1 | 1.2 | 1.5 | 1.8 | 0.7 | 0.8 | 0.3 | 0.2 | 0.2 | 0.3 | 0.5 | 0.5 | 0.6 | 0.2 | 3.5 | 9.6 | 9.5 | 8.9 | 4.9 | 4.5 | 4.6 | 4.3 | 5.1 | 3.7 | 4.1 | 12.7 | 14.7 | 3.2 | 4.1 | 4.2 | 5.0 | 5.9 | 7.0 | 5.2 | 4.5 | 3.2 | 2.5 | 1.4 |
| Total Liabilities | 97.3 | 88.7 | 71.4 | 61.6 | 58.7 | 52.3 | 46.8 | 42.8 | 39.3 | 32.4 | 26.7 | 23.5 | 21.1 | 18.4 | 15.1 | 300.5 | 473.7 | 472.9 | 470.9 | 421.3 | 380.3 | 358.0 | 349.9 | 325.0 | 318.7 | 310.1 | 286.8 | 260.3 | 245.8 | 238.9 | 222.4 | 199.2 | 177.1 | 149.7 | 126.0 | 104.9 | 91.1 | 71.7 | 58.2 |
| 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 | 0.0 | 0.0 |
| Retained Earnings | 0 | 0 | 0 | 0 | (353.6) | 0 | 0 | 0 | (346.4) | 0 | 0 | 0 | (331.2) | 0 | 0 | (288.6) | 0 | 0 | (314.1) | 0 | 0 | (302.1) | (314.3) | 0 | 0 | 0 | (304.5) | 0 | 0 | 0 | (268.6) | 0 | 0 | 0 | (168.9) | 0 | 0 | (111.1) | (87.8) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | (0.7) | 0 | 0 | 0 | (0.3) | 0 | 0 | 0 | 0.3 | 0 | 0 | (6.1) | 0 | 0 | 1.4 | 0 | 0 | 4.9 | 4.3 | 0 | 0 | 0 | 3.6 | 0 | 0 | 0 | 1.2 | 0 | 0 | 0 | 4.7 | 0 | 0 | 0.8 | 0.7 |
| Total Stockholders' Equity | (31.4) | (23.9) | (18.6) | (16.4) | (15) | (13.7) | (13.6) | (12.3) | (8.3) | (2.6) | 1.2 | 4.5 | 6.6 | 8.5 | 11.4 | (113.4) | (134.0) | (131.9) | (132.7) | (127.4) | (126.4) | (137.9) | (149.6) | (146.0) | (152.1) | (153.1) | (139.9) | (121.4) | (114.9) | (112.7) | (102.4) | (76.7) | (54.6) | (33.6) | (14.3) | 3.8 | 20.5 | (28.5) | (13.3) |
| Total Liabilities & Equity | 66.1 | 64.9 | 52.9 | 45.5 | 43.9 | 38.9 | 33.5 | 30.8 | 31.2 | 29.8 | 27.9 | 28.0 | 27.6 | 26.9 | 26.5 | 187.1 | 339.7 | 341.0 | 338.2 | 293.9 | 253.9 | 220.1 | 200.4 | 179.0 | 166.6 | 157.0 | 146.9 | 138.9 | 130.9 | 126.2 | 120.0 | 122.5 | 122.4 | 116.1 | 111.7 | 108.8 | 111.6 | 43.1 | 44.9 |
| Debt Metrics | |||||||||||||||||||||||||||||||||||||||
| Total Debt | 2.9 | 3.3 | 2.0 | 2.2 | 2.7 | 1.2 | 1.3 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.8 | 0.0 | 1.6 | 16.4 | 16.6 | 14.8 | 9.9 | 8.7 | 8.7 | 10.2 | 13.3 | 12.9 | 14.9 | 10.0 | 11.1 | 3.8 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | (35.9) | (30.2) | (25.8) | (27.2) | (25.1) | (21.0) | (15.3) | (16.8) | (20.7) | (19.4) | (16.2) | (18.2) | (17.5) | (21.4) | (21.1) | (23.0) | (36.5) | (27.9) | (35.2) | (38.1) | (36.1) | (37.9) | (38.8) | (18.7) | (21.1) | (21.9) | (50.0) | (51.6) | (46.0) | (65.1) | (49.0) | (43.1) | (55.5) | (44.0) | (39.6) | (16.8) | (25.3) | (11.9) | (7.2) |
| Metric | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2020 Q4 | 2020 Q2 | 2020 Q1 | 2019 Q1 | 2016 Q4 | 2016 Q1 | 2015 Q4 | 2015 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||
| Net Income | 49.5 | (33.9) | (21.8) | (10.7) | (11.9) | (3.9) | (2.9) | (2.4) | (2.0) | (2.8) | 31.8 | 32.8 | 7.1 | (9.9) | (154.2) | 0 | (114.3) | 0 |
| Depreciation & Amortization | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (4.6) | 0 | 0 | 0 | 0.7 | 1.1 | 16.6 | 0 | 0 | 0 |
| Stock-Based Compensation | (5.8) | 2.6 | 2.5 | 2.0 | 1.5 | 0 | 0 | 0 | (5.5) | 0 | 0 | 0 | 0.9 | 0.6 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 25.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (110.8) | 0 | 0 | 0 | 15.6 | 9.6 | 482.4 | 0 | (49.1) | 0 |
| Other Non-Cash Items | (58.5) | 31.2 | 19.4 | 8.6 | 10.4 | 3.9 | 2.9 | 2.4 | (48.0) | 2.8 | (31.8) | (32.8) | 0.0 | (0.1) | (312.4) | (0.6) | 114.3 | (2.2) |
| Operating Cash Flow | 11.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (170.7) | 0 | 0 | 0 | 24.3 | 1.2 | 32.5 | (0.6) | (49.1) | (2.2) |
| Investing Activities | ||||||||||||||||||
| Capital Expenditure | (2.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.3 | 0 | 0 | 0 | (0.5) | (0.3) | (33.2) | (1.1) | (7.9) | (1.1) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (3.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 511.5 | 0 | 0 | 0 | (71.9) | (41.6) | 0 | (6.2) | 0 | 0 |
| Sales/Maturities of Investments | 4.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (340.5) | 0 | 0 | 0 | 47.9 | 18.6 | 0 | 12.6 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (7.7) | 0 | 0 | 0 | (0.0) | 0 | (253.4) | (0.2) | (142.1) | 0 |
| Investing Cash Flow | (1.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 166.6 | 0 | 0 | 0 | (24.5) | (23.2) | (286.7) | 5.3 | (150.0) | (1.1) |
| Financing Activities | ||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (2.3) | (1.9) | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | (0.0) | 0 | 424.5 | 0 | 18.7 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.0 | 0 | 0 | 0 | 0.7 | 0.0 | 424.5 | 0 | 18.7 | 0 |
| Financing Cash Flow | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32.0 | 0 | 0 | 0 | (1.6) | (1.9) | 424.5 | 0 | 18.7 | 0 |
| Cash Position | ||||||||||||||||||
| Net Change in Cash | 38.9 | 0 | 0 | 0 | 0 | 3.1 | (1.9) | 0.6 | (4.0) | 0.1 | 0 | 0 | (1.6) | (24.7) | 198 | 4.6 | (176.6) | (3.2) |
| Cash at Beginning | 0 | 0 | 0 | 0 | 0 | 16.9 | 18.8 | 18.2 | 22.2 | 22.1 | 0 | 0 | 48.2 | 61.5 | 622.6 | 7.2 | 248.5 | 33.8 |
| Cash at End | 38.9 | 0 | 0 | 0 | 0 | 20.0 | 16.9 | 18.8 | 18.2 | 22.2 | 0 | 0 | 46.6 | 36.8 | 820.6 | 11.9 | 71.9 | 30.6 |
| Free Cash Flow | 9.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (167.4) | 0 | 0 | 0 | 23.8 | 1.0 | (0.8) | (1.6) | (57.0) | (3.2) |
| Key Metrics | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||||||||||||||
| Revenue | 30.8 | 26.3 | 20.4 | 18.2 | 16.2 | 14.0 | 11.0 | 9.4 | 7.5 | 7.8 | 6.3 | 5.6 | 5.1 | 4.6 | 3.5 | 1.9 | 0 | (27.0) | 89.7 | 91.2 | 81.9 | 78.9 | 69.6 | 68.5 | 56.8 | 57.4 | 51.2 | 47.7 | 43.3 | 44.1 | 42.5 | 41.8 | 41.8 | 35.4 | 28.3 | 23.2 | 18.5 | 18.1 | 28.9 | 11.2 | 8.2 | 6.8 | 5.1 | 3.9 |
| Gross Profit | 22.3 | 19.3 | 15.2 | 14.0 | 12.6 | 11.1 | 8.6 | 7.3 | 5.6 | 6.0 | 4.9 | 4.3 | 4.0 | 3.6 | 2.8 | 1.5 | 0 | (19.6) | 65.2 | 67.0 | 59.5 | 57.4 | 49.3 | 48.2 | 40.9 | 41.1 | 35.6 | 31.9 | 27.1 | 28.1 | 27.9 | 27.0 | 26.1 | 21.9 | 17.8 | 15.2 | 11.9 | 11.9 | 18.2 | 7.1 | 5.1 | 4.1 | 3.2 | 2.3 |
| Operating Income | (5.2) | (4.2) | (2.7) | (1.3) | (0.9) | (0.8) | (2.4) | (4.0) | (4.3) | (3.9) | (3.0) | (2.6) | (2.2) | (2.6) | (4.1) | (3.5) | 0 | (3.9) | (5.2) | 0.9 | 1.7 | 3.1 | 3.8 | 6.3 | (0.3) | (0.9) | (5.1) | (9.5) | (18.7) | (12.9) | (11.5) | (17.6) | (24.7) | (21.0) | (20.3) | (20.4) | (21.7) | (18.6) | (20.8) | (15.6) | (16.5) | (14.1) | (11.3) | (8.2) |
| Net Income | (6.5) | (4.8) | (3.0) | (1.5) | (1.6) | (0.6) | (1.2) | (4.0) | (5.7) | (3.9) | (2.9) | (2.6) | (2.0) | (2.8) | (16.6) | (21.2) | 0 | 19.2 | (4.2) | 1.2 | 4.9 | 4.6 | 4.6 | 7.1 | 0.1 | (0.8) | (4.8) | (9.9) | (20.3) | (13.1) | (11.1) | (17.9) | (25.8) | (21.3) | (20.5) | (20.3) | (22.2) | (18.5) | (21.0) | (15.3) | (17.0) | (13.9) | (11.4) | (8.6) |
| EPS (Diluted) | -65.40 | -48.00 | -31.20 | -15.00 | -16.80 | -6.60 | -13.20 | -41.40 | -59.40 | -40.80 | -30.60 | -27.60 | -21.60 | -30.00 | -178.20 | -228.00 | – | 204.60 | -44.40 | 12.60 | 51.00 | 48.60 | 48.60 | 76.20 | 1.24 | -9.60 | -56.40 | -115.80 | -239.40 | -154.80 | -131.40 | -213.00 | -307.20 | -253.80 | -245.40 | -243.00 | -265.80 | -222.00 | -251.40 | -276.00 | -114.00 | -205.80 | -165.60 | -125.40 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 38.9 | 33.5 | 27.8 | 29.4 | 27.8 | 22.2 | 16.7 | 17.4 | 21.3 | 20.0 | 16.9 | 18.8 | 18.2 | 22.2 | 21.1 | 24.6 | 52.9 | 44.6 | 50.0 | 48.0 | 44.8 | 46.6 | 49.0 | 32.0 | 34.0 | 36.8 | 60.1 | 62.7 | 49.7 | 66.0 | 49.0 | 43.1 | 55.5 | 44.0 | 39.6 | 16.8 | 25.3 | 11.9 | 7.2 | |||||
| Total Assets | 66.1 | 64.9 | 52.9 | 45.5 | 43.9 | 38.9 | 33.5 | 30.8 | 31.2 | 29.8 | 27.9 | 28.0 | 27.6 | 26.9 | 26.5 | 187.1 | 339.7 | 341.0 | 338.2 | 293.9 | 253.9 | 220.1 | 200.4 | 179.0 | 166.6 | 157.0 | 146.9 | 138.9 | 130.9 | 126.2 | 120.0 | 122.5 | 122.4 | 116.1 | 111.7 | 108.8 | 111.6 | 43.1 | 44.9 | |||||
| Total Debt | 2.9 | 3.3 | 2.0 | 2.2 | 2.7 | 1.2 | 1.3 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0.8 | 0.0 | 1.6 | 16.4 | 16.6 | 14.8 | 9.9 | 8.7 | 8.7 | 10.2 | 13.3 | 12.9 | 14.9 | 10.0 | 11.1 | 3.8 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Stockholders' Equity | (31.4) | (23.9) | (18.6) | (16.4) | (15) | (13.7) | (13.6) | (12.3) | (8.3) | (2.6) | 1.2 | 4.5 | 6.6 | 8.5 | 11.4 | (113.4) | (134.0) | (131.9) | (132.7) | (127.4) | (126.4) | (137.9) | (149.6) | (146.0) | (152.1) | (153.1) | (139.9) | (121.4) | (114.9) | (112.7) | (102.4) | (76.7) | (54.6) | (33.6) | (14.3) | 3.8 | 20.5 | (28.5) | (13.3) | |||||
| Cash Flow | ||||||||||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | 11.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (170.7) | 0 | 0 | 0 | 24.3 | 1.2 | 32.5 | (0.6) | (49.1) | (2.2) | ||||||||||||||||||||||||||
| Capital Expenditure | (2.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.3 | 0 | 0 | 0 | (0.5) | (0.3) | (33.2) | (1.1) | (7.9) | (1.1) | ||||||||||||||||||||||||||
| Free Cash Flow | 9.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (167.4) | 0 | 0 | 0 | 23.8 | 1.0 | (0.8) | (1.6) | (57.0) | (3.2) | ||||||||||||||||||||||||||