COGT - Cogent Biosciences, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$51.75
DETAILS
HIGH:
$55.00
LOW:
$45.00
MEDIAN:
$53.50
CONSENSUS:
$51.75
UPSIDE:
46.68%
| 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 | 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 Q3 | 2015 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.5 | 7.0 | 15.3 | 1.0 | 3.1 | 3.1 | 3.8 | 2.0 | 1.7 | 2.2 | 2.1 | 2.3 | 2.1 | 1.8 | 52.2 | 1.0 |
| Cost of Revenue | 0 | 1.2 | 1.2 | 0 | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.0 | 5.1 | 9.5 | 10.4 | 10.3 | 10.6 | 11.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39.7 | 0.8 |
| Gross Profit | 0 | (1.2) | (1.2) | 0 | (1.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (4.7) | (4.6) | (2.5) | 4.9 | (9.3) | (7.5) | (8.5) | 3.8 | 2.0 | 1.7 | 2.2 | 2.1 | 2.3 | 2.1 | 1.8 | 12.5 | 0.2 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||||||||
| R&D Expenses | 70.8 | 75.4 | 74.4 | 69.0 | 61.0 | 63.0 | 62.0 | 63.6 | 54.3 | 52.7 | 48.7 | 50.1 | 38.9 | 36.0 | 36.7 | 29.9 | 29.5 | 25.5 | 20.5 | 14.8 | 12.4 | 8.2 | 6.1 | 51.9 | 5.1 | 9.5 | 10.4 | 10.3 | 10.6 | 12.4 | 10.8 | 10.3 | 9.1 | 8.1 | 7.6 | 8.2 | 7.1 | 7.0 | 0 | 0 |
| SG&A Expenses | 31.8 | 28.2 | 23.9 | 14.4 | 13.4 | 11.9 | 11.7 | 11.8 | 10.1 | 9.7 | 9.5 | 9.5 | 8.2 | 7.2 | 7.0 | 6.9 | 6.4 | 5.9 | 5.1 | 5.0 | 4.9 | 4.6 | 5.3 | 5.6 | 2.8 | 3.7 | 2.7 | 2.7 | 3.1 | 2.5 | 2.0 | 2.4 | 2.0 | 1.1 | 1.4 | 1.3 | 1.0 | 0.9 | 21.4 | 4.7 |
| Other Expenses | 0 | (1.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (5.0) | (5.1) | (9.5) | (10.4) | 0.1 | 0 | 0 | (0.0) | 0.0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.0 | 0 | 0 |
| Operating Expenses | 102.6 | 102.5 | 98.3 | 83.4 | 74.4 | 74.9 | 73.7 | 75.4 | 64.4 | 62.4 | 58.2 | 59.6 | 47.1 | 43.2 | 43.7 | 36.8 | 35.9 | 31.4 | 25.6 | 19.8 | 17.3 | 12.8 | 11.5 | 52.5 | 2.8 | 3.7 | 2.7 | 13.1 | 13.7 | 14.9 | 12.8 | 12.6 | 11.1 | 9.2 | 9.0 | 9.5 | 8.1 | 7.9 | 24.9 | 4.8 |
| Operating Income | ||||||||||||||||||||||||||||||||||||||||
| Operating Income | (102.6) | (103.6) | (99.5) | (83.4) | (75.6) | (74.9) | (73.7) | (75.4) | (64.4) | (62.4) | (58.2) | (59.6) | (47.1) | (43.2) | (43.7) | (36.8) | (35.9) | (31.4) | (25.6) | (19.8) | (17.3) | (12.8) | (11.5) | (57.2) | (7.4) | (6.1) | 2.2 | (12.0) | (10.5) | (11.8) | (9.0) | (10.6) | (9.4) | (7.0) | (6.9) | (7.2) | (6.0) | (6.1) | (12.4) | (4.5) |
| Interest Expense | 1.2 | 1.2 | 1.3 | 1.5 | 0.3 | 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 | 0 |
| Interest Income | 7.5 | 7.6 | 5.5 | 3.9 | 2.4 | 3.0 | 3.9 | 4.8 | 5.4 | 4.1 | 3.9 | 4.2 | 2.7 | 2.3 | 2.1 | 1.5 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | 0.4 | 0.4 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 1.9 | 0.0 |
| Profitability | ||||||||||||||||||||||||||||||||||||||||
| EBITDA | (94.4) | (95.0) | (104.6) | (78.8) | (72.1) | (70.8) | (66.8) | (69.5) | (57.9) | (57.3) | (53.6) | (54.5) | (42.9) | (37.9) | (38.7) | (31.4) | (34.3) | (30.1) | (24.8) | (18.6) | (15.6) | (12.8) | (11.4) | (10.2) | (7.1) | (5.8) | 2.6 | (11.7) | (10.2) | (11.4) | (8.3) | (10.2) | (9.1) | (6.7) | (6.6) | (6.9) | (5.7) | (5.8) | (9.3) | (4.5) |
| EBIT | (95.2) | (96.1) | (105.7) | (79.5) | (73.2) | (72.0) | (67.9) | (70.6) | (59.0) | (58.3) | (54.4) | (55.4) | (44.1) | (38.6) | (39.6) | (35.1) | (34.9) | (30.6) | (24.9) | (19.1) | (16.5) | (12.8) | (11.5) | (10.3) | (7.4) | (6.1) | 2.2 | (12.0) | (10.5) | (11.7) | (9.0) | (10.6) | (9.4) | (7.0) | (6.9) | (7.2) | (6.0) | (6.1) | (12.4) | (4.5) |
| Income Before Tax | (96.4) | (97.4) | (102.5) | (80.9) | (73.5) | (72.0) | (67.9) | (70.6) | (59.0) | (58.3) | (54.4) | (55.4) | (44.1) | (38.6) | (39.6) | (35.1) | (34.9) | (30.6) | (24.9) | (19.1) | (16.5) | (11.7) | (11.3) | (50.0) | (7.4) | (6.1) | 2.3 | (11.9) | (10.5) | (11.7) | (8.6) | (10.2) | (9.0) | (6.7) | (6.7) | (7) | (5.9) | (5.9) | (14.2) | (4.5) |
| Income Tax Expense | 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 | (4.5) | (0.1) |
| Net Income | (96.4) | (97.4) | (102.5) | (80.9) | (73.5) | (72.0) | (67.9) | (70.6) | (59.0) | (58.3) | (54.4) | (55.4) | (44.1) | (38.6) | (39.6) | (35.1) | (34.9) | (30.6) | (24.9) | (19.1) | (16.5) | (11.7) | (11.3) | (50.0) | (7.4) | (6.1) | 2.3 | (11.9) | (10.5) | (11.7) | (8.6) | (10.2) | (9.0) | (6.7) | (6.7) | (7) | (5.9) | (5.9) | (9.7) | (4.4) |
| Per Share Data | ||||||||||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.52 | -0.57 | -0.64 | -0.58 | -0.65 | -0.63 | -0.61 | -0.64 | -0.59 | -0.62 | -0.63 | -0.64 | -0.59 | -0.48 | -0.50 | -0.48 | -0.71 | -0.66 | -0.57 | -0.48 | -0.43 | -0.34 | -1.08 | -5.07 | -0.95 | -0.81 | 0.28 | -1.56 | -1.38 | -1.55 | -1.15 | -1.36 | -1.24 | -1.02 | -1.14 | -1.20 | -1.00 | -1.01 | -1.66 | -1.17 |
| EPS (Diluted) | -0.52 | -0.57 | -0.64 | -0.58 | -0.65 | -0.63 | -0.61 | -0.64 | -0.59 | -0.62 | -0.63 | -0.64 | -0.59 | -0.48 | -0.50 | -0.48 | -0.71 | -0.66 | -0.57 | -0.48 | -0.43 | -0.34 | -1.08 | -5.07 | -0.95 | -0.81 | 0.28 | -1.56 | -1.38 | -1.55 | -1.15 | -1.36 | -1.24 | -1.02 | -1.14 | -0.95 | -0.79 | -0.80 | -0.77 | -1.17 |
| Shares Outstanding | 171.0 | 170.8 | 161.0 | 139.8 | 113.9 | 113.9 | 110.5 | 110.2 | 99.2 | 94.8 | 86.7 | 86.2 | 74.8 | 70.7 | 70.5 | 69.6 | 49.4 | 45.1 | 43.8 | 39.8 | 38.4 | 34.9 | 10.5 | 9.9 | 7.8 | 7.5 | 7.7 | 7.7 | 7.6 | 7.5 | 7.5 | 7.5 | 7.3 | 6.6 | 5.9 | 5.9 | 5.9 | 5.9 | 5.9 | 3.8 |
| 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 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2016 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 181.2 | 241.2 | 312.0 | 125.3 | 127.6 | 126.0 | 98.2 | 97.0 | 88.2 | 215.8 | 53.2 | 86.8 | 214.3 | 160.7 | 139.9 | 140.6 | 325.6 | 191.0 | 219.7 | 202.9 | 218.1 | 230.7 | 242.2 | 129.4 | 21.3 | 29.6 | 37.4 | 45.9 | 55.9 | 59.1 | 55.7 | 49.3 | 46.7 | 25.7 | 28.3 | 30.7 | 10.4 |
| Short-Term Investments | 611.1 | 625.2 | 588.8 | 265.6 | 110.2 | 119.7 | 188.9 | 238.5 | 275.0 | 219.9 | 212.5 | 192.2 | 115.1 | 59.6 | 119.4 | 148.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.0 | 22.9 | 37.8 | 47.7 | 6.7 | 12.7 | 17.7 | 0 |
| Net Receivables | 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 | 2 | 0.9 | 1.5 | 2.0 | 1.7 | 1.4 | 1.2 | 1.6 | 0.8 | 1.5 | 28.5 |
| 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 | 0 | 0 | 0 | (2.1) | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0 | 0 |
| Other Current Assets | 12.5 | 11.4 | 9.6 | 0 | 7.2 | 7.2 | 9.4 | 6.0 | 6.8 | 6.2 | 5.1 | 6.9 | 5.1 | 6.0 | 1.3 | 1.3 | 1.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2 | 1.2 | 0.8 | 0.7 | 1.0 | 0.1 | 0.1 | 0.1 | 0.8 | 0 |
| Total Current Assets | 804.8 | 877.8 | 910.4 | 397.2 | 245.0 | 252.9 | 296.5 | 341.5 | 370.0 | 441.9 | 270.8 | 286.0 | 334.5 | 226.3 | 265.0 | 296.4 | 330.7 | 194.7 | 222.6 | 207.5 | 221.3 | 232.1 | 244.9 | 133.4 | 23.9 | 31.2 | 40.6 | 45.9 | 58.6 | 69.9 | 81.0 | 89.5 | 97.1 | 35.2 | 42.4 | 50.7 | 42.2 |
| Non-Current Assets | |||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 27.4 | 22.8 | 23.5 | 23.9 | 24.9 | 26.1 | 26.6 | 27.6 | 28.4 | 29.3 | 30.3 | 30.8 | 31.6 | 32.2 | 31.1 | 30.4 | 30.5 | 5.3 | 4.5 | 4.6 | 3.9 | 4.3 | 4.7 | 5.2 | 5.9 | 6.5 | 7.2 | 7.8 | 8.6 | 9.3 | 3.3 | 3.6 | 3.9 | 3.9 | 4.1 | 4.3 | 1.5 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 166.1 |
| Intangible Assets | 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 | 99.4 |
| Long-Term Investments | 0 | 0.4 | 0 | 0 | 0 | 0 | 0 | 10.0 | 26.7 | 0 | 7.5 | 33.8 | 21.5 | 0 | 0 | 0 | 0 | 0 | 1.3 | 1.3 | 0 | 1.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3 | 0 |
| Other Non-Current Assets | 2.4 | 1.9 | 3.7 | 4.8 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.8 | 4.8 | 4.7 | 4.8 | 4.9 | 6.9 | 3.7 | 2.0 | 3.2 | 0 | 1.3 | 1.3 | 1.3 | 1.3 | 1.7 | 15.7 | 2.1 | 2.1 | 1.7 | 1.7 | 1.7 | 4.3 | 2.6 | 0.1 | 1.9 |
| Total Non-Current Assets | 29.7 | 25.2 | 27.3 | 28.7 | 29.8 | 30.9 | 31.4 | 42.5 | 60.0 | 34.2 | 42.7 | 69.5 | 57.9 | 36.9 | 35.8 | 35.1 | 35.4 | 12.1 | 9.5 | 7.9 | 7.2 | 5.5 | 6.0 | 6.5 | 7.1 | 7.8 | 8.8 | 23.5 | 10.7 | 11.4 | 4.9 | 5.3 | 5.6 | 8.2 | 6.7 | 5.6 | 268.8 |
| Total Assets | 834.5 | 903.0 | 937.6 | 425.9 | 274.8 | 283.8 | 327.9 | 384.0 | 429.9 | 476.1 | 313.4 | 355.4 | 392.4 | 263.2 | 300.8 | 331.6 | 366.1 | 206.9 | 232.1 | 215.4 | 228.5 | 237.6 | 250.9 | 139.9 | 31.1 | 38.9 | 49.4 | 57.9 | 69.3 | 81.3 | 85.9 | 94.8 | 102.7 | 43.4 | 49.1 | 56.4 | 311.0 |
| Current Liabilities | |||||||||||||||||||||||||||||||||||||
| Account Payables | 7.5 | 13.7 | 9.5 | 16.0 | 16.6 | 14.2 | 12.0 | 15.1 | 9.0 | 15.6 | 10.7 | 9.9 | 7.2 | 4.2 | 5.8 | 4.1 | 3.5 | 4.0 | 3.5 | 4.3 | 2.0 | 0.3 | 0.7 | 0.6 | 0.6 | 0.6 | 3.2 | 1.6 | 1.7 | 1.8 | 1.5 | 0.8 | 1.7 | 3.1 | 1.3 | 2.0 | 16.2 |
| Short-Term Debt | 1.5 | 1.4 | 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 | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 | 2.2 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.7 | 0 | 0 | 3.1 | 3.1 | 3.1 | 3.1 | 3.1 | 0 | 12.0 | 0.3 | 0.8 | 1.3 | 14.7 | 15.2 | 16.9 | 17.9 | 20.1 | 20.4 | 17.5 | 6.9 | 6.7 | 0 |
| Other Current Liabilities | 0 | 36.6 | 52.9 | 1.3 | 9.4 | 4.2 | 12.6 | 8.0 | 5.9 | 3.1 | 10.3 | 6.3 | 5.3 | 3.2 | 6.5 | 4.3 | 7.8 | 1.7 | 3.6 | 2.3 | 2.4 | 1.7 | 7.3 | 2.9 | 1.7 | 2.1 | 3.4 | 4.3 | 4.7 | 6.1 | 3.9 | 4.2 | 2.0 | 2.0 | 1.6 | 0.7 | 0.4 |
| Total Current Liabilities | 59.3 | 58.0 | 64.0 | 62.2 | 58.4 | 49.3 | 55.7 | 53.0 | 40.0 | 36.7 | 38.2 | 34.7 | 25.8 | 21.1 | 26.8 | 23.6 | 27.7 | 17.9 | 17.1 | 16.7 | 13.7 | 8.2 | 13.1 | 20.1 | 8.3 | 9.2 | 13.2 | 24.4 | 24.3 | 26.3 | 24.9 | 26.4 | 24.8 | 23.0 | 11.2 | 10.8 | 28.4 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||||||
| Long-Term Debt | 223.5 | 223.2 | 237.2 | 44.2 | 43.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.6 | 0 | 0 | 0 | 0 | 0 | 0 | 47.6 |
| Deferred Tax Liabilities | 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 Non-Current Liabilities | 0.1 | 0.1 | (14.3) | 2.4 | 2.4 | 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 | (5.6) | 0.7 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 12.6 |
| Total Non-Current Liabilities | 242.9 | 237.3 | 237.3 | 61.2 | 61.4 | 15.5 | 15.9 | 16.3 | 16.7 | 17.1 | 17.5 | 17.8 | 18.2 | 18.5 | 18.2 | 18.1 | 19.0 | 1.1 | 0.8 | 1.4 | 2.0 | 2.6 | 3.2 | 3.7 | 3.5 | 4.0 | 4.4 | 4.8 | 5.2 | 5.6 | 0.7 | 0.9 | 1.2 | 4.6 | 9.6 | 11.1 | 60.2 |
| Total Liabilities | 302.2 | 295.3 | 301.2 | 123.5 | 119.8 | 64.8 | 71.6 | 69.4 | 56.7 | 53.8 | 55.6 | 52.5 | 43.9 | 39.6 | 45.1 | 41.6 | 46.7 | 19.0 | 17.9 | 18.1 | 15.7 | 10.8 | 16.2 | 23.8 | 11.8 | 13.2 | 17.7 | 29.3 | 29.6 | 32.0 | 25.7 | 27.3 | 26.0 | 27.5 | 20.8 | 21.9 | 88.6 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 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 | 0.0 | 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 | (1,382.2) | (1,285.8) | (1,188.4) | (1,085.9) | (1,005.0) | (931.5) | (859.5) | (791.6) | (720.9) | (662.0) | (603.6) | (549.3) | (493.9) | (449.8) | (411.2) | (371.6) | (336.5) | (301.6) | (271.0) | (246.1) | (227.0) | (210.4) | (198.7) | (187.4) | (137.4) | (130.0) | (123.9) | (126.2) | (114.3) | (103.8) | (92.1) | (83.5) | (73.3) | (64.3) | (51.3) | (44.6) | (108.8) |
| Accumulated Other Comprehensive Income | (0.8) | (0.4) | 0.4 | 0.2 | 0.0 | 0.2 | 0.4 | 0.9 | (0.2) | (0.0) | 0.2 | (0.2) | (0.1) | 0.0 | (0.1) | (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 |
| Total Stockholders' Equity | 532.4 | 607.7 | 636.4 | 302.5 | 155.0 | 219.0 | 256.3 | 314.7 | 373.2 | 422.3 | 257.8 | 302.9 | 348.4 | 223.6 | 255.7 | 289.9 | 319.4 | 187.9 | 214.2 | 197.2 | 212.8 | 226.8 | 234.7 | 116.1 | 19.2 | 25.7 | 31.8 | 28.6 | 39.8 | 49.3 | 60.2 | 67.5 | 76.7 | 15.9 | 28.3 | 34.5 | 222.4 |
| Total Liabilities & Equity | 834.5 | 903.0 | 937.6 | 425.9 | 274.8 | 283.8 | 327.9 | 384.0 | 429.9 | 476.1 | 313.4 | 355.4 | 392.4 | 263.2 | 300.8 | 331.6 | 366.1 | 206.9 | 232.1 | 215.4 | 228.5 | 237.6 | 250.9 | 139.9 | 31.1 | 38.9 | 49.4 | 57.9 | 69.3 | 81.3 | 85.9 | 94.8 | 102.7 | 43.4 | 49.1 | 56.4 | 311.0 |
| Debt Metrics | |||||||||||||||||||||||||||||||||||||
| Total Debt | 244.3 | 238.7 | 253.2 | 60.6 | 60.7 | 17.1 | 17.5 | 17.8 | 18.2 | 18.5 | 18.9 | 19.2 | 19.4 | 19.5 | 19.6 | 20.1 | 28.1 | 3.5 | 3.2 | 3.7 | 4.2 | 4.7 | 5.2 | 5.7 | 5.2 | 5.6 | 6.0 | 6.4 | 6.8 | 7.2 | 0 | 0 | 0 | 0 | 0 | 0 | 49.9 |
| Net Debt | 63.1 | (2.6) | (58.9) | (64.7) | (66.9) | (108.9) | (80.7) | (79.2) | (70.0) | (197.3) | (34.4) | (67.6) | (195.0) | (141.2) | (120.2) | (120.5) | (297.5) | (187.5) | (216.5) | (199.2) | (213.9) | (226.0) | (237.0) | (123.7) | (16.1) | (24.0) | (31.4) | (39.5) | (49.1) | (52.0) | (55.7) | (49.3) | (46.7) | (25.7) | (28.3) | (30.7) | 39.5 |
| 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 | 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 Q3 | 2015 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||||||
| Net Income | (96.4) | (97.4) | (102.5) | (80.9) | (73.5) | (72.0) | (67.9) | (70.6) | (59.0) | (58.3) | (54.4) | (55.4) | (44.1) | (38.6) | (39.6) | (35.1) | (34.9) | (30.6) | (24.9) | (19.1) | (16.5) | (11.7) | (11.3) | (50.0) | (7.4) | (6.1) | 2.3 | (11.9) | (10.5) | (11.7) | (8.6) | (10.2) | (9.0) | (6.7) | (6.7) | (7) | (5.9) | (5.9) | (9.7) | (4.8) |
| Depreciation & Amortization | 0.7 | 1.2 | 1.1 | 1.1 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 1.1 | 0.8 | 0.9 | 1.2 | 0.7 | 0.9 | 3.7 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0 | 0 |
| Stock-Based Compensation | 17.1 | 16.9 | 15.8 | 10.6 | 9.7 | 10.0 | 10.0 | 10.4 | 10.0 | 9.4 | 8.9 | 8.8 | 7.2 | 5.8 | 5.0 | 4.6 | 0 | 4.2 | 3.9 | 3.5 | 2.6 | 1.8 | 0.9 | 3.5 | 0.9 | 0.8 | 0.8 | 0.8 | 0.9 | 0.7 | 0.9 | 0.9 | 0.8 | 0.5 | 0.5 | 0.3 | 0.3 | 0.3 | 7.3 | 1.7 |
| Change in Working Capital | (23.0) | (6.8) | 0.1 | 4.8 | 7.8 | (4.7) | (1.1) | 13.4 | 2.6 | (3.2) | 4.9 | 6.9 | 4.4 | (4.8) | 6.8 | (6.9) | 2.8 | (1.9) | 0.2 | 1.5 | 1.4 | (1.1) | 0.6 | (1.8) | (2.1) | (2.1) | (11.9) | 0.7 | (2.0) | (0.8) | (1.6) | 1.5 | (0.0) | (2.0) | (0.6) | 0.1 | (0.5) | (1.9) | 0 | 0 |
| Other Non-Cash Items | 24.3 | (0.8) | 6.4 | 0.1 | 0.3 | (1.0) | (2.6) | (6.2) | 2.6 | (1.4) | (4.3) | 0.9 | (0.7) | (2.7) | (2.5) | (0.9) | 5.6 | 0 | 0 | 0 | 0 | (0.3) | 0.5 | 45.3 | 0 | (0.8) | 0.0 | (0.1) | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | 2.4 | 3.1 |
| Operating Cash Flow | (77.3) | (86.9) | (79.1) | (64.3) | (54.5) | (66.5) | (60.6) | (52.0) | (42.7) | (52.5) | (44.1) | (38.0) | (32.1) | (39.5) | (29.4) | (34.4) | (26.5) | (28.3) | (20.8) | (14.1) | (12.5) | (11.4) | (9.4) | (10.3) | (8.3) | (7.9) | (8.4) | (10.2) | (11.3) | (11.5) | (9.0) | (7.6) | (7.9) | (8.0) | (6.5) | (6.3) | (5.8) | (7.3) | 0 | 0 |
| Investing Activities | ||||||||||||||||||||||||||||||||||||||||
| Capital Expenditure | (0.4) | (0.4) | (0.8) | (0.1) | (0.1) | (0.5) | (0.1) | (0.3) | (0.1) | (0.1) | (0.3) | (0.1) | (1.3) | (1.1) | (2.0) | (3.3) | (1.1) | (0.4) | (0.4) | (1.2) | (0.1) | 0 | 0 | 0 | 0 | 0 | (0.0) | 0.0 | 0 | (0.0) | (0.4) | (0.1) | (0.4) | (0.1) | (0.1) | (0.3) | (0.2) | (0.3) | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Purchases of Investments | (82.8) | (133.8) | (395.2) | (224.1) | (67.9) | 0 | (12.7) | (19.5) | (150.4) | (73.0) | (50.9) | (112.5) | (126.4) | (59.0) | (29.6) | (148.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41.2 | 0 | (47.7) | 0 | 0 | 0 | (2) | (4.5) | 0 | 0 |
| Sales/Maturities of Investments | 97.5 | 97.8 | 73.3 | 69.1 | 76.9 | 69.9 | 74.5 | 79.9 | 65.9 | 74.1 | 61.7 | 22.1 | 50 | 120 | 60 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.0 | 15.0 | 15 | 10 | 6.7 | 6 | 5 | 6 | 6 | 4 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8.4 | 0 | 0 | 0 | 0.2 | 0 | (0.0) | (40.8) | 0 | 0 | 0 | (0.1) | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 14.3 | (36.5) | (322.8) | (155.0) | 8.9 | 69.4 | 61.7 | 60.2 | (84.6) | 1.0 | 10.5 | (90.5) | (77.7) | 59.9 | 28.4 | (151.5) | (1.1) | (0.4) | (0.4) | (1.2) | (0.1) | 0 | 0 | 8.4 | 0 | 0 | (0.0) | 0.2 | 8.0 | 14.9 | 15 | 9.9 | (41.4) | 5.9 | 4.8 | 5.7 | 3.8 | (0.8) | 0 | 0 |
| Financing Activities | ||||||||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 168.1 | (0.2) | 47.2 | 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 | 0 | 0 | 0 | 0 | 0 | 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 | (0.1) | 0 | (48.9) | 0 | 0 | 0.7 | 0 | 0 | 0 | 0.4 | 0 | 1.2 | 0.1 | 0 | 0 | 1.2 | 0 | 0 | 0 | 0 | 0 | (0.1) | 0.1 | 109.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0.2 | (1.5) | (0.6) | (0.7) | 0.0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 3.0 | 52.5 | 588.7 | 217.4 | 47.2 | 25.0 | 0.0 | 0.6 | (0.3) | 214.1 | 0 | 1 | 162.1 | 0.4 | 0.3 | 1.0 | 162.1 | 0.1 | 38.0 | 0.1 | 0 | (0.1) | 122.1 | 109.9 | 0.1 | 0.1 | 0 | 0 | 0.1 | 0.0 | 0.4 | 0.2 | 70.3 | (0.5) | (0.7) | 0.0 | 0 | 0 | 0 | 0 |
| Cash Position | ||||||||||||||||||||||||||||||||||||||||
| Net Change in Cash | (60.0) | (70.8) | 186.7 | (2.3) | 1.6 | 27.8 | 1.1 | 8.8 | (127.6) | 162.6 | (33.6) | (127.5) | 52.4 | 20.8 | (0.7) | (185.0) | 135.8 | (28.6) | 16.8 | (15.2) | (12.6) | (11.5) | 112.8 | 108.1 | (8.3) | (7.8) | (8.5) | (10.0) | (3.3) | 3.4 | 6.4 | 2.5 | 21.0 | (2.6) | (3.7) | (0.6) | (2.0) | (8.1) | 0 | 0 |
| Cash at Beginning | 241.6 | 312.4 | 125.3 | 127.6 | 126.0 | 98.2 | 97.0 | 88.2 | 215.8 | 53.2 | 86.8 | 214.3 | 162.0 | 141.1 | 141.8 | 326.8 | 191.0 | 219.7 | 204.1 | 218.1 | 230.7 | 243.4 | 130.7 | 22.6 | 29.6 | 38.7 | 47.1 | 57.1 | 60.4 | 56.9 | 50.6 | 48.0 | 27.0 | 29.6 | 31.9 | 32.5 | 34.5 | 42.6 | 0 | 0 |
| Cash at End | 181.6 | 241.6 | 312.0 | 125.3 | 127.6 | 126.0 | 98.2 | 97.0 | 88.2 | 215.8 | 53.2 | 86.8 | 214.3 | 162.0 | 141.1 | 141.8 | 326.8 | 191.0 | 220.9 | 202.9 | 218.1 | 232.0 | 243.4 | 130.7 | 21.3 | 30.9 | 38.7 | 47.1 | 57.1 | 60.4 | 56.9 | 50.6 | 48.0 | 27.0 | 28.3 | 31.9 | 32.5 | 34.5 | 0 | 0 |
| Free Cash Flow | (77.6) | (87.3) | (79.9) | (64.4) | (54.7) | (67.1) | (60.7) | (52.3) | (42.8) | (52.6) | (44.4) | (38.1) | (33.3) | (40.6) | (31.4) | (37.8) | (27.6) | (28.8) | (21.2) | (15.3) | (12.6) | (11.4) | (9.4) | (10.3) | (8.3) | (7.9) | (8.5) | (10.2) | (11.3) | (11.6) | (9.4) | (7.7) | (8.3) | (8.1) | (6.6) | (6.6) | (6.0) | (7.6) | 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 | 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 Q3 | 2015 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.5 | 7.0 | 15.3 | 1.0 | 3.1 | 3.1 | 3.8 | 2.0 | 1.7 | 2.2 | 2.1 | 2.3 | 2.1 | 1.8 | 52.2 | 1.0 |
| Gross Profit | 0 | (1.2) | (1.2) | 0 | (1.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (4.7) | (4.6) | (2.5) | 4.9 | (9.3) | (7.5) | (8.5) | 3.8 | 2.0 | 1.7 | 2.2 | 2.1 | 2.3 | 2.1 | 1.8 | 12.5 | 0.2 |
| Operating Income | (102.6) | (103.6) | (99.5) | (83.4) | (75.6) | (74.9) | (73.7) | (75.4) | (64.4) | (62.4) | (58.2) | (59.6) | (47.1) | (43.2) | (43.7) | (36.8) | (35.9) | (31.4) | (25.6) | (19.8) | (17.3) | (12.8) | (11.5) | (57.2) | (7.4) | (6.1) | 2.2 | (12.0) | (10.5) | (11.8) | (9.0) | (10.6) | (9.4) | (7.0) | (6.9) | (7.2) | (6.0) | (6.1) | (12.4) | (4.5) |
| Net Income | (96.4) | (97.4) | (102.5) | (80.9) | (73.5) | (72.0) | (67.9) | (70.6) | (59.0) | (58.3) | (54.4) | (55.4) | (44.1) | (38.6) | (39.6) | (35.1) | (34.9) | (30.6) | (24.9) | (19.1) | (16.5) | (11.7) | (11.3) | (50.0) | (7.4) | (6.1) | 2.3 | (11.9) | (10.5) | (11.7) | (8.6) | (10.2) | (9.0) | (6.7) | (6.7) | (7) | (5.9) | (5.9) | (9.7) | (4.4) |
| EPS (Diluted) | -0.52 | -0.57 | -0.64 | -0.58 | -0.65 | -0.63 | -0.61 | -0.64 | -0.59 | -0.62 | -0.63 | -0.64 | -0.59 | -0.48 | -0.50 | -0.48 | -0.71 | -0.66 | -0.57 | -0.48 | -0.43 | -0.34 | -1.08 | -5.07 | -0.95 | -0.81 | 0.28 | -1.56 | -1.38 | -1.55 | -1.15 | -1.36 | -1.24 | -1.02 | -1.14 | -0.95 | -0.79 | -0.80 | -0.77 | -1.17 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 181.2 | 241.2 | 312.0 | 125.3 | 127.6 | 126.0 | 98.2 | 97.0 | 88.2 | 215.8 | 53.2 | 86.8 | 214.3 | 160.7 | 139.9 | 140.6 | 325.6 | 191.0 | 219.7 | 202.9 | 218.1 | 230.7 | 242.2 | 129.4 | 21.3 | 29.6 | 37.4 | 45.9 | 55.9 | 59.1 | 55.7 | 49.3 | 46.7 | 25.7 | 28.3 | 30.7 | 10.4 | |||
| Total Assets | 834.5 | 903.0 | 937.6 | 425.9 | 274.8 | 283.8 | 327.9 | 384.0 | 429.9 | 476.1 | 313.4 | 355.4 | 392.4 | 263.2 | 300.8 | 331.6 | 366.1 | 206.9 | 232.1 | 215.4 | 228.5 | 237.6 | 250.9 | 139.9 | 31.1 | 38.9 | 49.4 | 57.9 | 69.3 | 81.3 | 85.9 | 94.8 | 102.7 | 43.4 | 49.1 | 56.4 | 311.0 | |||
| Total Debt | 244.3 | 238.7 | 253.2 | 60.6 | 60.7 | 17.1 | 17.5 | 17.8 | 18.2 | 18.5 | 18.9 | 19.2 | 19.4 | 19.5 | 19.6 | 20.1 | 28.1 | 3.5 | 3.2 | 3.7 | 4.2 | 4.7 | 5.2 | 5.7 | 5.2 | 5.6 | 6.0 | 6.4 | 6.8 | 7.2 | 0 | 0 | 0 | 0 | 0 | 0 | 49.9 | |||
| Stockholders' Equity | 532.4 | 607.7 | 636.4 | 302.5 | 155.0 | 219.0 | 256.3 | 314.7 | 373.2 | 422.3 | 257.8 | 302.9 | 348.4 | 223.6 | 255.7 | 289.9 | 319.4 | 187.9 | 214.2 | 197.2 | 212.8 | 226.8 | 234.7 | 116.1 | 19.2 | 25.7 | 31.8 | 28.6 | 39.8 | 49.3 | 60.2 | 67.5 | 76.7 | 15.9 | 28.3 | 34.5 | 222.4 | |||
| Cash Flow | ||||||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (77.3) | (86.9) | (79.1) | (64.3) | (54.5) | (66.5) | (60.6) | (52.0) | (42.7) | (52.5) | (44.1) | (38.0) | (32.1) | (39.5) | (29.4) | (34.4) | (26.5) | (28.3) | (20.8) | (14.1) | (12.5) | (11.4) | (9.4) | (10.3) | (8.3) | (7.9) | (8.4) | (10.2) | (11.3) | (11.5) | (9.0) | (7.6) | (7.9) | (8.0) | (6.5) | (6.3) | (5.8) | (7.3) | 0 | 0 |
| Capital Expenditure | (0.4) | (0.4) | (0.8) | (0.1) | (0.1) | (0.5) | (0.1) | (0.3) | (0.1) | (0.1) | (0.3) | (0.1) | (1.3) | (1.1) | (2.0) | (3.3) | (1.1) | (0.4) | (0.4) | (1.2) | (0.1) | 0 | 0 | 0 | 0 | 0 | (0.0) | 0.0 | 0 | (0.0) | (0.4) | (0.1) | (0.4) | (0.1) | (0.1) | (0.3) | (0.2) | (0.3) | 0 | 0 |
| Free Cash Flow | (77.6) | (87.3) | (79.9) | (64.4) | (54.7) | (67.1) | (60.7) | (52.3) | (42.8) | (52.6) | (44.4) | (38.1) | (33.3) | (40.6) | (31.4) | (37.8) | (27.6) | (28.8) | (21.2) | (15.3) | (12.6) | (11.4) | (9.4) | (10.3) | (8.3) | (7.9) | (8.5) | (10.2) | (11.3) | (11.6) | (9.4) | (7.7) | (8.3) | (8.1) | (6.6) | (6.6) | (6.0) | (7.6) | 0 | 0 |