CorMedix Inc. logo CRMD - CorMedix Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $14.00 DETAILS
HIGH: $16.00
LOW: $13.00
MEDIAN: $13.50
CONSENSUS: $14.00
UPSIDE: 75.44%
Metric 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 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 2009 Q2 2009 Q1
Revenue
Revenue 127.4 128.6 104.3 39.7 39.1 31.2 11.5 0.8 0 0 0 0 0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.0 0.1 0.0 0.2 0.0 0.4 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0.0 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 0 0 0 0 0 0 0
Cost of Revenue 22.3 21.3 11.2 1.9 1.6 1.2 0.7 0.5 0.8 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.0 0.0 0.0 0.1 0.0 0.2 0.0 0.3 0.0 0.0 0.1 0.1 0.0 0.1 0.1 0.0 0.2 0.1 0.2 0.0 0.1 0.0 0.3 0.0 0.1 0.1 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 105.1 107.3 93.1 37.9 37.5 30.0 10.8 0.3 (0.8) (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 (0.1) 0.0 0.1 (0.0) (0.0) 0.0 (0.0) 0.1 (0.1) 0.0 0.0 (0.2) (0.0) (0.1) 0.0 0.0 0.0 (0.2) 0.0 (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
Operating Expenses
R&D Expenses 7.2 8.6 5.1 2.4 3.2 1.7 0.7 0.7 0.8 2.3 2.7 4.8 3.4 2.8 2.3 3.2 2.3 3.2 4.7 2.5 2.6 2.3 2.9 5.7 2.5 2.7 2.5 3.0 2.9 (4.3) 8.3 6.6 8.3 8.5 6.0 5.1 4.9 4.0 6.8 2.8 2.1 1.5 1.8 1.8 1.2 0.5 0.3 0.2 0.4 (0.2) 0.8 0.4 0.3 0.3 0.3 0.2 0.4 (0.4) 1.7 1.6 1.2 1.1 0.8 0.6 3.1 3.9 0.5 0.3 0.2
SG&A Expenses 34.3 39.6 36.6 15.9 14.2 15.4 13.3 14.9 15.0 13.3 7.8 7.0 7.6 5.6 4.6 5.1 4.8 4.6 3.8 3.4 4.6 3.8 3.7 3.2 3.2 2.7 2.6 2.6 2.0 2.2 2.0 1.9 1.9 2.0 2.0 2.1 2.6 2.4 2.3 2.0 2.2 0.7 2.9 2.4 4.3 1.5 1.6 1.7 2.5 1.5 0.5 0.9 0.6 0.5 0.4 0.4 0.5 0.5 0.9 0.9 0.8 1.1 0.6 0.6 0.6 0.1 0.3 0.3 0.4
Other 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 41.5 48.2 41.7 18.3 17.4 17.1 14.1 15.6 15.9 15.6 10.4 11.8 11.0 8.4 7.0 8.3 7.0 7.8 8.6 5.9 7.2 6.1 6.6 8.9 5.6 5.4 5.2 5.6 4.9 (2.1) 10.3 8.5 10.2 10.4 8.0 7.1 7.6 6.5 9.2 4.7 4.3 2.2 4.7 4.2 5.5 2.0 1.9 1.9 2.9 1.3 1.3 1.3 0.8 0.8 0.7 0.6 0.9 0.2 2.6 2.5 2.0 2.2 1.4 1.2 3.7 4.0 0.8 0.6 0.6
Operating Income
Operating Income 63.7 59.1 51.3 19.5 20.1 12.9 (3.3) (15.3) (16.7) (15.7) (10.5) (11.8) (11.0) (8.4) (7.0) (8.2) (7.0) (7.8) (8.6) (5.9) (7.2) (6.1) (6.6) (8.9) (5.6) (5.4) (5.2) (5.5) (4.9) 2.1 (10.2) (8.6) (10.2) (10.3) (8.0) (7.0) (7.6) (6.4) (9.2) (4.9) (4.3) (2.3) (4.7) (4.1) (5.5) (2.2) (1.9) (1.9) (2.9) (1.5) (1.3) (1.3) (0.8) (0.8) (0.7) (0.6) (0.9) (0.2) (2.6) (2.5) (2.0) (2.2) (1.4) (1.2) (3.7) (4.0) (0.8) (0.6) (0.6)
Interest Expense 0 1.8 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.3 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 0.0 0.3 0.7 0.4 0.4 0.0 0 0 0 0 0 0 0 0 0 3.1 0.6 0.4 0.6 0.5
Interest Income 0 0.9 1.6 0.8 0.6 0.5 0.6 0.7 0.9 0.9 0.8 0.6 0.4 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 74.2 68.7 57.3 20.5 20.8 13.6 (2.7) (14.1) (15.8) (14.7) (9.7) (11.3) (10.5) (8.2) (6.8) (8.1) (7.0) (7.8) (8.5) (5.9) (7.2) (6.0) (6.6) (8.9) (5.5) (5.3) (5.1) (5.4) (4.8) 2.2 (10.2) (8.5) (10.2) (10.3) (9.9) (5.1) (7.6) (6.4) (9.1) (4.9) (4.1) (3.9) (4.7) (4.1) (5.5) (2.2) (5.0) (1.9) (16.7) (1.5) (1.3) (1.3) (0.8) (0.8) (1.0) (0.6) (0.9) (0.2) (2.6) (2.5) (2.0) (17.4) (1.4) (1.2) (3.4) (4.0) (0.8) (0.6) (0.6)
EBIT 63.7 58.3 53.5 20.4 20.7 13.5 (2.8) (14.1) (15.9) (14.7) (9.7) (11.3) (10.6) (8.2) (6.8) (8.2) (7.0) (7.8) (8.6) (5.9) (7.2) (6.1) (6.6) (8.9) (5.6) (5.3) (5.1) (5.5) (4.9) 2.1 (10.2) (8.6) (10.2) (10.3) (10.0) (5.1) (7.6) (6.4) (9.1) (4.9) (4.1) (3.9) (4.7) (4.1) (5.5) (2.2) (5.0) 3.5 (16.7) (3.4) (2.2) (1.3) (0.8) (0.8) (1.0) (0.6) (0.9) (0.2) (2.6) (2.5) (2.0) (1.8) (1.4) (1.2) (3.4) (4.0) (0.8) (0.6) (0.6)
Income Before Tax 55.6 56.4 52.6 20.3 20.6 13.5 (2.8) (14.2) (15.9) (14.8) (9.7) (11.3) (10.6) (8.2) (6.9) (8.2) (7.0) (7.8) (8.6) (5.9) (7.2) (6.2) (6.6) (9.0) (5.6) (5.3) (5.3) (5.8) (5.2) 2.1 (10.2) (8.6) (10.2) (10.3) (10.0) (5.1) (7.6) (6.4) (9.1) (4.9) (4.2) (3.9) (4.7) (4.1) (5.5) (2.2) (5.0) 3.5 (16.7) (3.4) (2.5) (2.0) (1.3) (1.2) (0.7) (0.6) (0.9) (0.2) (2.6) (2.5) (2.0) (11.2) (1.4) (1.2) (6.8) 0 0 0 0
Income Tax Expense 17.0 42.4 (56.0) 0.5 0 0 0 0 (1.4) 0 0 0 0 0 0 (0.6) 0 0 0 (1.3) 0 (0.1) 0 (5.2) 0 (0.0) 0 (5.1) 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 0.3 0.7 0.0 0.0 0.0 0.0 0.0 (0.5) 0.0 0.0 0 (0.3) 0 (0.0) 0 0.6 0.4 0.6 0.5
Net Income 38.6 14.0 108.6 19.8 20.6 13.5 (2.8) (14.2) (14.5) (14.8) (9.7) (11.3) (10.6) (8.2) (6.9) (7.6) (7.0) (7.8) (8.6) (4.6) (7.2) (6.1) (6.6) (3.8) (5.6) (5.3) (5.3) (0.7) (5.2) 2.1 (10.2) (8.6) (10.2) (10.3) (10.0) (5.1) (7.6) (6.4) (9.1) (4.9) (4.2) (3.9) (4.7) (4.1) (5.5) (2.2) (5.0) 3.5 (16.7) (3.4) (2.5) (2.0) (1.3) (1.2) (0.7) (0.6) (0.9) 0.3 (2.6) (2.5) (2.0) (1.5) (1.4) (1.2) (6.8) (4.5) (1.2) (1.2) (1.2)
Per Share Data
EPS (Basic) 0.49 0.18 1.42 0.29 0.32 0.22 -0.05 -0.25 -0.25 -0.26 -0.17 -0.25 9.78 -0.19 -0.17 -0.19 -0.18 -0.21 -0.22 -0.12 -0.20 -0.19 -0.22 -0.14 -0.21 -0.21 -0.22 -0.03 -0.22 0.10 -0.54 -0.52 -0.68 -0.77 -0.83 -0.49 -0.93 -0.79 -1.17 -0.67 -0.59 -0.55 -0.68 -0.65 -1.15 -0.46 -1.14 0.60 -4.34 -1.18 -0.87 -0.75 -0.54 -0.52 -0.31 -0.27 -0.40 0.15 -1.14 -1.09 -0.87 -0.66 -0.61 -0.51 -32.01 -26.94 -7.33 -7.09 -6.83
EPS (Diluted) 0.42 0.15 1.26 0.28 0.30 0.22 -0.05 -0.25 -0.25 -0.26 -0.17 -0.25 9.77 -0.19 -0.16 -0.19 -0.18 -0.20 -0.22 -0.12 -0.20 -0.19 -0.22 -0.14 -0.21 -0.21 -0.22 -0.03 -0.22 0.10 -0.54 -0.52 -0.68 -0.77 -0.83 -0.49 -0.93 -0.79 -1.17 -0.67 -0.59 -0.54 -0.68 -0.65 -1.15 -0.46 -1.14 -0.25 -4.34 -1.18 -0.87 -0.75 -0.54 -0.51 -0.31 -0.27 -0.40 0.15 -1.14 -1.09 -0.87 -0.66 -0.61 -0.51 -32.01 -26.94 -7.33 -7.09 -6.83
Shares Outstanding 79.5 78.8 75.9 67.9 65.2 61.5 58.8 57.6 57.5 57.4 56.6 45.4 44.0 41.2 40.3 39.8 38.2 37.2 38.1 38.1 36.3 32.4 29.6 26.1 26.1 25.7 24.0 23.8 23.1 20.9 18.8 16.5 15.1 13.3 12.1 10.5 8.1 8.1 7.8 7.3 7.2 7.0 6.9 6.3 4.8 4.8 4.4 4.4 3.9 2.9 2.9 2.6 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 2.3 0.2 0.2 0.2 0.2 0.2
Metric 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 Q4 2016 Q3 2016 Q2 2016 Q1 2010 Q2 2010 Q1 2009 Q4
Current Assets
Cash & Cash Equivalents 178.1 145.8 48.5 159.3 66.3 40.7 35.3 28.5 35.2 43.6 53.3 19.8 25.3 43.4 43.3 48.9 45.4 53.3 66.3 73.1 76.2 41.9 34.4 16.5 12.2 16.5 20.1 14.7 18.3 17.6 6.4 4.7 8.2 10.4 5.2 7.9 6.8 8.1 9.8 12.0 13.2 10.6 11.7 1.5
Short-Term Investments 0 3.7 7.2 31.4 11.2 11.0 10.7 17.1 23.4 32.4 33.3 32.7 30.3 15.6 15.7 15.7 16.3 12.1 5.7 5.2 5.0 4.4 2.7 5.9 11.0 12.0 12.3 11.8 7.9 0 0 0 0 1.6 6.8 10.9 7.0 12.1 16.8 16.6 17.0 0 0 0
Net Receivables 154.8 171.2 160.1 42.9 54.6 51.7 17.4 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 0 0.0 0.0 0.3 0.0 0.0 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.3 0 0 0
Inventory 30.7 29.7 28.9 9.6 7.5 7.6 6.6 4.0 2.3 2.1 0 0 0 0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.3 0.7 0.6 0.6 0.3 0.3 0.1 0.2 0.1 0.2 0.3 0 0 0
Other Current Assets 0.7 8.5 5.6 2.0 2.5 3.5 1.4 0.2 2.2 1.0 1.3 0.9 1.2 (0.1) 0.1 0.1 0.2 0.9 0.2 0.2 0.2 0.3 1.2 1.1 3.3 0.2 0.2 0.4 0.2 0.2 0.2 0.2 0.3 0.3 1.1 1.5 0.7 1.1 1.5 2.2 2.3 0 0 0
Total Current Assets 383.1 367.1 259.5 248.1 144.9 114.6 73.2 53.2 63.4 79.5 89.1 54.6 56.8 59.6 59.7 65.4 62.5 66.5 73.0 79.7 83.1 48.2 38.9 24.1 27.3 29.3 33.6 27.4 27.1 18.7 7.9 5.7 9.4 13.3 13.9 21.1 14.9 21.8 28.8 31.2 33.6 11.0 12.0 1.7
Non-Current Assets
Property, Plant & Equipment 6.2 9.0 7.5 2.1 2.2 2.3 2.4 2.5 2.5 2.5 2.3 2.3 2.4 2.4 2.3 2.3 2.3 2.4 2.3 1.1 1.1 1.1 1.2 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0
Goodwill 30.0 30.0 17.5 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 0 0 0 0 0 0 0
Intangible Assets 368.8 379.1 390.0 1.7 1.8 1.8 1.9 1.9 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
Long-Term Investments 0.3 10.4 8.1 0 0 0 0 0 0 0 0 0.1 0 0 0 0.1 0.1 0 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
Other Non-Current Assets 23.9 14.4 15.7 0.7 0.7 0.1 0.1 0.1 0.1 0.1 0.1 0 0.1 0.1 0.1 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 0.0 0.0 0 0 0.5
Total Non-Current Assets 432.5 459.1 491.3 4.5 4.7 4.3 4.4 4.5 4.6 2.6 2.4 2.4 2.5 2.5 2.4 2.4 2.4 2.5 2.4 1.2 1.2 1.1 1.2 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.1 0.5
Total Assets 815.6 826.1 750.9 252.6 149.6 118.8 77.6 57.7 68.0 82.1 91.4 57.0 59.2 62.0 62.1 67.7 64.9 68.9 75.4 80.9 84.3 49.3 40.0 24.2 27.4 29.5 33.7 27.6 27.3 18.8 8.0 5.9 9.6 13.5 13.9 21.2 14.9 21.9 28.8 31.2 33.6 11.0 12.1 2.2
Current Liabilities
Account Payables 12.8 7.9 20.5 5.8 1.9 1.7 1.3 3.3 2.8 4.3 2.4 2.9 1.4 2.2 1.8 2.5 1.7 2.2 1.1 0.9 1.5 1.1 2.0 1.4 1.3 1.0 1.1 0.9 1.5 2.6 7.9 7.3 3.7 1.8 1.4 1.8 1.7 1.6 1.8 1.1 1.6 0.8 1.0 0.5
Short-Term Debt 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 0 0 0 0 13.8
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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0 0 0
Other Current Liabilities 7.8 135.3 2.7 0 0 0 2 2 0 0 0 2.2 0 0 0 0 0 0 0 0 0 0 0 0 3.8 3.5 2.9 2.7 2.4 4.1 8.8 4.3 4.7 3.6 2.0 3.1 1.5 0 2.4 0 0.1 0 0 0
Total Current Liabilities 128.8 174.3 133.6 31.7 34.4 33.8 18.5 11.1 9.5 11.4 7.7 7.4 4.7 6.3 5.1 5.3 4.3 5.3 5.2 3.1 3.0 4.2 4.6 5.7 5.8 5.8 5.0 4.3 4.3 7.8 17.5 12.4 8.8 6.3 4.3 5.8 3.9 4.1 5.0 3.1 3.1 1.2 1.4 16.9
Non-Current Liabilities
Long-Term Debt 144.9 144.6 144.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.7 6.4 6.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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 0 0 0 0 0 0 0
Other Non-Current Liabilities 104.9 99.1 95.6 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 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 249.8 246.6 243.1 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.8 0.9 0.9 0.9 1.0 0.0 0.0 0.0 0.0 6.7 6.4 6.1 0 0 0 0 0 0 0 0 0.0 0.0 0.0 0.0 0 0
Total Liabilities 378.6 420.8 376.7 32.0 34.7 34.2 18.9 11.5 10.0 11.9 8.2 8.0 5.3 7.0 5.8 6.0 5.1 6.1 6.0 4.0 3.9 5.1 5.6 5.7 5.8 5.8 5.0 11.1 10.8 13.9 17.5 12.4 8.8 6.3 4.3 5.8 3.9 4.1 5.1 3.1 3.1 1.2 1.4 16.9
Stockholders' Equity
Common Stock 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 0.1 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
Retained Earnings (138.0) (176.6) (190.6) (299.2) (319.0) (339.6) (353.1) (350.3) (336.2) (321.7) (306.9) (297.2) (285.9) (275.4) (267.2) (260.3) (252.7) (245.7) (237.9) (229.3) (224.7) (217.4) (211.4) (204.8) (201.0) (195.4) (190.1) (184.9) (184.2) (179.0) (181.1) (170.9) (162.3) (152.2) (141.9) (131.9) (126.8) (119.2) (112.6) (103.5) (98.6) (33.3) (32.2) (25.3)
Accumulated Other Comprehensive Income 0.0 0.0 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 0.1 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 0 (0.0)
Total Stockholders' Equity 437.0 405.3 374.1 220.6 114.9 84.7 58.7 46.2 58.0 70.1 83.2 49.1 53.9 55.1 56.3 61.7 59.9 62.8 69.3 76.9 80.3 44.2 34.5 18.5 21.6 (195.4) 28.7 (184.9) 16.5 (179.0) (9.5) (6.5) 0.8 (152.2) 9.7 15.4 11.0 17.8 23.8 28.1 30.5 9.8 10.6 (14.7)
Total Liabilities & Equity 815.6 826.1 750.9 252.6 149.6 118.8 77.6 57.7 68.0 82.1 91.4 57.0 59.2 62.0 62.1 67.7 64.9 68.9 75.4 80.9 84.3 49.3 40.0 24.2 27.4 (189.6) 33.7 (173.8) 27.3 (165.1) 8.0 5.9 9.6 (145.9) 13.9 21.2 14.9 21.9 28.8 31.2 33.6 11.0 12.1 2.2
Debt Metrics
Total Debt 144.9 148.9 148.9 0.4 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.8 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.1 0.0 0.0 0.0 0.0 6.7 6.4 6.1 0 0 0 0 0 0 0 0 0 0 0 0 0 13.8
Net Debt (33.2) 3.1 100.4 (158.9) (65.8) (40.1) (34.7) (27.9) (34.5) (43.0) (52.6) (19.0) (24.5) (42.6) (42.4) (48.1) (44.5) (52.4) (65.4) (72.1) (75.2) (40.9) (33.3) (16.5) (12.2) (16.5) (20.1) (8.0) (11.8) (11.5) (6.4) (4.7) (8.2) (10.4) (5.2) (7.9) (6.8) (8.1) (9.8) (12.0) (13.2) (10.6) (11.7) 12.3
Metric 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 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income 38.6 14.0 108.6 19.8 20.6 13.5 (2.8) (14.2) (14.5) (14.8) (9.7) (11.3) (10.6) (8.2) (6.9) (7.6) (7.0) (7.8) (8.6) (4.6) (7.2) (6.1) (6.6) (3.8) (5.6) (5.3) (5.3) (0.7) (5.2) 2.1 (10.2) (8.6) (10.2) (10.3) (10.0) (5.1) (7.6) (6.4) (9.1) (4.9) (4.2)
Depreciation & Amortization 10.5 0.5 3.8 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 0.1 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
Stock-Based Compensation 0 9.7 4.1 2.7 3.5 1.2 1.2 1.3 2.4 1.2 1.0 1.1 2.2 0.9 1.0 1.1 1.1 1.3 0 1.0 1.7 0.5 0.6 0.7 0.7 0.5 0.6 0.6 0.8 0.0 0.4 0.4 0.4 0.4 0.4 0.4 0.5 0.4 0.2 0.3 0.4
Change in Working Capital (32.7) (1.9) (25.7) 7.3 (4.6) (20.6) (12.2) (1.3) (5.3) 2.7 (0.0) 1.6 (2.1) 1.1 (0.2) 1.0 (0.9) 0.5 2.0 0.5 (1.2) (0.5) (1.4) 2.3 (3.1) 0.9 0.5 (0.1) (3.3) (9.4) 4.7 3.8 2.7 2.7 0.8 (1.0) 0.4 (0.5) 2.4 0.7 (1.7)
Other Non-Cash Items 26.0 72.2 (59.9) 0.0 0.0 0.2 0.0 0.0 0.0 0.0 0.0 2.7 0.0 0.0 0.0 0.0 0.0 0.1 1.0 0.0 0.0 0.0 0.0 0 0 0.0 0.2 0.3 0.3 (5.3) 0.6 3.6 1.8 (0.2) 2.0 0.4 0.5 0.4 0.2 0.1 0.0
Operating Cash Flow 42.4 94.5 30.9 30.0 19.7 (5.6) (13.6) (14.0) (17.3) (10.7) (8.7) (8.6) (10.4) (6.2) (6.0) (5.5) (6.7) (5.9) (5.5) (3.1) (6.7) (5.9) (7.3) (0.8) (8.0) (3.9) (4.0) 0.2 (7.4) (7.2) (5.1) (4.3) (7.1) (7.3) (6.8) (7.8) (6.8) (6.5) (6.5) (3.8) (5.5)
Investing Activities
Capital Expenditure (0.7) (0.0) (0.5) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.3) (0.0) (0.0) (0.0) (0.1) (0.1) (0.0) (0.0) (0.6) (0.8) (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) (0.1) (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) 0
Acquisitions 0 1.5 0 0 0 0 0 0 0 0 0 2.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 19.2 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 (48.3) (14.6) (28.3) (10.0) (5.3) (1.7) (12.1) (7.7) (16.1) (18.1) (17.5) (25.4) (8.8) (8.1) (5.8) (8.5) (6.5) (1.2) (4.5) (3.1) (2.7) (2.1) (0.0) (3.8) (0.4) (0.5) (5.3) (8.0) 0 0 0 0 0 (3.8) 0 0 0 0 0 0
Sales/Maturities of Investments 3.7 27.7 33.8 8.1 9.8 5 8 18.4 16.7 17 17.5 15.1 10.8 8.9 8.1 6.4 4.3 0.0 0.7 4.2 2.6 0.9 5.3 5.1 4.8 0.7 (0.0) 1.4 0.0 0.0 0 0 1.6 5.2 7.9 5.3 5.2 4.7 (0.2) 0.5 6.5
Other Investing Activities 0 22.4 (310.0) 0 0 0 0 0 0 0 0 (2.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.5) (3.9) (19.2) 0.0 0 0 1.6 5.2 4.1 (9.3) 5.2 4.7 (0.2) 0.5 6.5
Investing Cash Flow 3.0 3.3 (291.3) (20.2) (0.2) (0.3) 6.3 6.3 8.9 0.6 (0.6) (2.4) (14.7) (0.0) (0.1) 0.6 (4.2) (7.1) (1.3) (0.2) (0.5) (1.8) 3.2 5.0 1.0 0.3 (0.5) (3.9) (8.0) 0.0 (0.0) 0 1.6 5.1 4.1 (3.9) 5.2 4.7 (0.3) 0.5 6.5
Financing Activities
Net Debt Issuance 0 (5.6) 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 0 0 0 0 0 0 0
Stock Repurchased (11.1) 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
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 0
Other Financing Activities (2.2) (0.4) 150.5 0.9 (0.7) 5.8 1.7 0.0 (0.1) 0.0 0.0 0.0 0 0 0.1 0 0 0 (0.1) 0.2 0.1 0 0.0 0 0.4 (0.2) 10.0 0.0 0.7 7.4 0 0 0 1.9 0 0 0.0 0.0 0.4 0.3 0.1
Financing Cash Flow (12.1) (1.4) 150.5 83.2 6.1 11.3 14.1 1.1 (0.1) 0.5 42.9 5.4 7.2 6.0 0.4 8.4 3.0 0 0 0.2 41.6 15.3 21.9 0 2.8 (0.2) 10.0 0.0 16.0 18.4 6.9 0.9 3.3 7.4 0 12.8 0.4 0.0 4.6 2.2 0.3
Cash Position
Net Change in Cash 33.2 96.3 (109.9) 93.0 25.6 5.4 6.7 (6.7) (8.5) (9.7) 33.6 (5.6) (17.9) (0.1) (5.7) 3.5 (7.9) (13.0) (6.8) (3.1) 34.4 7.5 17.9 4.3 (4.1) (3.8) 5.6 (3.7) 0.6 11.2 1.7 (3.5) (2.2) 5.2 (2.7) 1.1 (1.2) (1.8) (2.2) (1.2) 1.4
Cash at Beginning 145.8 49.5 159.4 66.4 40.8 35.4 28.6 35.4 43.8 53.5 19.9 25.5 43.4 43.5 49.2 45.6 53.6 66.6 73.2 76.5 42.1 34.5 16.7 12.4 16.5 20.3 14.7 18.4 17.8 6.6 4.9 8.3 10.6 5.2 7.9 6.8 8.1 9.8 12.0 13.2 11.8
Cash at End 179.1 145.8 49.5 159.4 66.4 40.8 35.4 28.6 35.4 43.8 53.5 19.9 25.5 43.4 43.5 49.2 45.6 53.6 66.5 73.3 76.5 42.1 34.5 16.7 12.4 16.5 20.3 14.7 18.4 17.8 6.6 4.9 8.3 10.4 5.2 7.9 6.8 8.1 9.8 12.0 13.2
Free Cash Flow 41.7 94.4 30.4 30.0 19.7 (5.6) (13.7) (14.1) (17.4) (11.0) (8.7) (8.6) (10.4) (6.3) (6.1) (5.5) (6.7) (6.5) (6.3) (3.1) (6.7) (6.0) (7.3) (0.8) (8.0) (3.9) (4.0) 0.2 (7.4) (7.2) (5.1) (4.3) (7.1) (7.4) (6.8) (7.8) (6.8) (6.5) (6.6) (3.8) (5.5)
Key Metrics 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 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 2009 Q2 2009 Q1
Income Statement
Revenue 127.4 128.6 104.3 39.7 39.1 31.2 11.5 0.8 0 0 0 0 0 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.0 0.1 0.0 0.2 0.0 0.4 0.0 0.0 0.1 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0.0 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 0 0 0 0 0 0 0
Gross Profit 105.1 107.3 93.1 37.9 37.5 30.0 10.8 0.3 (0.8) (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 (0.1) 0.0 0.1 (0.0) (0.0) 0.0 (0.0) 0.1 (0.1) 0.0 0.0 (0.2) (0.0) (0.1) 0.0 0.0 0.0 (0.2) 0.0 (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
Operating Income 63.7 59.1 51.3 19.5 20.1 12.9 (3.3) (15.3) (16.7) (15.7) (10.5) (11.8) (11.0) (8.4) (7.0) (8.2) (7.0) (7.8) (8.6) (5.9) (7.2) (6.1) (6.6) (8.9) (5.6) (5.4) (5.2) (5.5) (4.9) 2.1 (10.2) (8.6) (10.2) (10.3) (8.0) (7.0) (7.6) (6.4) (9.2) (4.9) (4.3) (2.3) (4.7) (4.1) (5.5) (2.2) (1.9) (1.9) (2.9) (1.5) (1.3) (1.3) (0.8) (0.8) (0.7) (0.6) (0.9) (0.2) (2.6) (2.5) (2.0) (2.2) (1.4) (1.2) (3.7) (4.0) (0.8) (0.6) (0.6)
Net Income 38.6 14.0 108.6 19.8 20.6 13.5 (2.8) (14.2) (14.5) (14.8) (9.7) (11.3) (10.6) (8.2) (6.9) (7.6) (7.0) (7.8) (8.6) (4.6) (7.2) (6.1) (6.6) (3.8) (5.6) (5.3) (5.3) (0.7) (5.2) 2.1 (10.2) (8.6) (10.2) (10.3) (10.0) (5.1) (7.6) (6.4) (9.1) (4.9) (4.2) (3.9) (4.7) (4.1) (5.5) (2.2) (5.0) 3.5 (16.7) (3.4) (2.5) (2.0) (1.3) (1.2) (0.7) (0.6) (0.9) 0.3 (2.6) (2.5) (2.0) (1.5) (1.4) (1.2) (6.8) (4.5) (1.2) (1.2) (1.2)
EPS (Diluted) 0.42 0.15 1.26 0.28 0.30 0.22 -0.05 -0.25 -0.25 -0.26 -0.17 -0.25 9.77 -0.19 -0.16 -0.19 -0.18 -0.20 -0.22 -0.12 -0.20 -0.19 -0.22 -0.14 -0.21 -0.21 -0.22 -0.03 -0.22 0.10 -0.54 -0.52 -0.68 -0.77 -0.83 -0.49 -0.93 -0.79 -1.17 -0.67 -0.59 -0.54 -0.68 -0.65 -1.15 -0.46 -1.14 -0.25 -4.34 -1.18 -0.87 -0.75 -0.54 -0.51 -0.31 -0.27 -0.40 0.15 -1.14 -1.09 -0.87 -0.66 -0.61 -0.51 -32.01 -26.94 -7.33 -7.09 -6.83
Balance Sheet
Cash & Equivalents 178.1 145.8 48.5 159.3 66.3 40.7 35.3 28.5 35.2 43.6 53.3 19.8 25.3 43.4 43.3 48.9 45.4 53.3 66.3 73.1 76.2 41.9 34.4 16.5 12.2 16.5 20.1 14.7 18.3 17.6 6.4 4.7 8.2 10.4 5.2 7.9 6.8 8.1 9.8 12.0 13.2 10.6 11.7 1.5
Total Assets 815.6 826.1 750.9 252.6 149.6 118.8 77.6 57.7 68.0 82.1 91.4 57.0 59.2 62.0 62.1 67.7 64.9 68.9 75.4 80.9 84.3 49.3 40.0 24.2 27.4 29.5 33.7 27.6 27.3 18.8 8.0 5.9 9.6 13.5 13.9 21.2 14.9 21.9 28.8 31.2 33.6 11.0 12.1 2.2
Total Debt 144.9 148.9 148.9 0.4 0.5 0.5 0.6 0.6 0.6 0.7 0.7 0.7 0.8 0.8 0.8 0.9 0.9 0.9 1.0 1.0 1.0 1.0 1.1 0.0 0.0 0.0 0.0 6.7 6.4 6.1 0 0 0 0 0 0 0 0 0 0 0 0 0 13.8
Stockholders' Equity 437.0 405.3 374.1 220.6 114.9 84.7 58.7 46.2 58.0 70.1 83.2 49.1 53.9 55.1 56.3 61.7 59.9 62.8 69.3 76.9 80.3 44.2 34.5 18.5 21.6 (195.4) 28.7 (184.9) 16.5 (179.0) (9.5) (6.5) 0.8 (152.2) 9.7 15.4 11.0 17.8 23.8 28.1 30.5 9.8 10.6 (14.7)
Cash Flow
Operating Cash Flow 42.4 94.5 30.9 30.0 19.7 (5.6) (13.6) (14.0) (17.3) (10.7) (8.7) (8.6) (10.4) (6.2) (6.0) (5.5) (6.7) (5.9) (5.5) (3.1) (6.7) (5.9) (7.3) (0.8) (8.0) (3.9) (4.0) 0.2 (7.4) (7.2) (5.1) (4.3) (7.1) (7.3) (6.8) (7.8) (6.8) (6.5) (6.5) (3.8) (5.5)
Capital Expenditure (0.7) (0.0) (0.5) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.3) (0.0) (0.0) (0.0) (0.1) (0.1) (0.0) (0.0) (0.6) (0.8) (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) (0.1) (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) 0
Free Cash Flow 41.7 94.4 30.4 30.0 19.7 (5.6) (13.7) (14.1) (17.4) (11.0) (8.7) (8.6) (10.4) (6.3) (6.1) (5.5) (6.7) (6.5) (6.3) (3.1) (6.7) (6.0) (7.3) (0.8) (8.0) (3.9) (4.0) 0.2 (7.4) (7.2) (5.1) (4.3) (7.1) (7.4) (6.8) (7.8) (6.8) (6.5) (6.6) (3.8) (5.5)