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Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 6
HOLD 5
SELL 5
STRONG
SELL
0
| PRICE TARGET: $26.50 DETAILS
HIGH: $30.00
LOW: $23.00
MEDIAN: $26.50
CONSENSUS: $26.50
DOWNSIDE: 3.39%
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
Revenue
Revenue 629.5 636.2 634.4 625.7 624.7 643.6 638.8 634.5 631.3 635 633 622.5 611.1 598.8 591 572.7 562.4 565.5 550.2 530.6 511.6 504.1 487.4 467.4 455 446 428.2 401.5 385.6 375.9 360.3 339.2 316.3 305.5 286.7 266.7 247.9 238 221 192.9 192.9
Cost of Revenue 128.1 132.1 128.3 123.6 116.7 120.8 111.5 107 105.8 122 119.6 120.1 116.8 115.8 109.7 105.8 112.9 115.8 112 107.1 109.3 105.8 103.2 102.5 103.1 104.9 104.8 102.9 98.4 94.4 90.2 89.5 120.6 91.7 91.5 92.2 93.5 89.3 98.8 101.2 101.2
Gross Profit 501.4 504.1 506.1 502.1 508 522.8 527.3 527.5 525.5 513 513.4 502.4 494.3 483 481.3 466.9 449.5 449.7 438.2 423.5 402.3 398.3 384.2 364.9 351.9 341.1 323.4 298.6 287.2 281.5 270.1 249.7 195.7 213.8 195.2 174.5 154.4 148.7 122.2 91.7 91.7
Operating Expenses
R&D Expenses 184.2 186.9 182.3 183.8 177.2 243 225.7 227.1 219.1 222.1 216.4 262.8 235.2 238.5 227.6 215 210.8 201.9 187.3 185.5 181.2 176.6 183.3 185.8 181.8 176.9 172.8 162.4 150 136.8 133.2 119.7 378.5 104 97.2 89.8 89.3 74.1 75.1 70.2 70.2
SG&A Expenses 144.4 158.9 149.1 146.1 145.8 191.8 173.8 173.4 162.9 180.9 166.3 180.9 175 162.4 160.4 160.3 149.2 163.6 173.6 153.6 161.3 170.1 170.9 166.3 143.3 170.8 169.2 170.2 158.5 156.7 145.8 137.2 283.1 147.1 114.3 111.4 98.5 94.8 88.2 87.5 87.5
Other Expenses 0 0 0 0 (0.8) 0.1 0 0 0 (157.4) 0 2.2 0 162.5 4 8.7 0 14 0 0 17.3 398.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 328.6 345.8 331.4 329.9 322.2 434.9 399.5 400.5 382 245.6 382.7 445.9 410.2 563.4 392 384 360 379.5 360.9 339.1 359.8 744.9 354.2 352.1 325.1 347.7 342 332.6 308.5 293.5 279 256.9 661.6 251.1 211.5 201.2 187.8 172.3 159.1 155.7 155.7
Operating Income
Operating Income 172.8 158.3 174.7 172.2 186.1 87.9 127.8 127 143.5 267.4 130.7 56.5 84.1 (80.4) 89.3 82.9 89.5 70.2 77.3 84.4 42.5 (346.6) 30 12.8 26.8 (6.6) (18.6) (34) (21.3) (12) (8.9) (7.2) (465.9) (37.3) (16.3) (26.7) (33.4) (20.2) (41.1) (66.1) (66.1)
Interest Expense 44.3 32.1 28.1 27.3 27.3 10.7 4.9 4.8 4.6 4.2 3.9 3.7 3.3 0 3 3.1 3.2 1.4 1.7 0.9 1.2 10.8 0 0 0 2.7 0 2.4 2.5 0 0 0 1.2 1.6 2.2 3 4.2 3.7 4.4 0 0
Interest Income 7.6 7 7.8 8.7 12.7 8.8 8.7 9.5 11.9 11 8.9 7.4 7.2 0 4.7 2.6 1.8 0 0 0 0 9.9 0.1 0.1 2.4 5.3 3 5.6 6.2 3.9 2.4 2 0 0 0 0 0 0 0 4.2 4.2
Profitability
EBITDA 211.8 215.9 217.1 214 234.9 126.2 163.1 159.4 174.9 153 172.5 101.4 126.6 121.7 132.2 130.8 128.9 129.5 116.1 121.2 94.5 90.4 70.9 52.9 66.3 34.4 22 12.1 24.5 33.2 36.8 32.8 (430) 5.6 28.2 19.7 14.6 24.1 13.1 (19.4) (19.4)
EBIT 172.8 175.2 177.5 175.1 196.8 88 127.8 127 143.5 110 130.7 58.7 84.1 82.1 93.3 91.6 89.5 88.4 77.3 84.4 59.8 51.6 30 12.8 26.8 (6.6) (18.6) (34) (21.3) (12) (8.9) (7.2) (465.9) (37.3) (16.3) (26.7) (33.4) (23.6) (36.9) (66.1) (66.1)
Income Before Tax 141.4 143.1 157.2 147.8 169.5 92.4 132.7 133.6 151.1 272.3 135.5 59 87.6 (78.4) 98.2 79.1 93.8 85.8 76.1 91 46.4 (345.5) 33.6 21.9 39.8 (2.4) (15.4) (20.8) (13.4) (7.4) (6) (3) (463.7) (38.7) (13.6) (26.4) (32.8) (27.3) (41.3) (68.2) (68.2)
Income Tax Expense 26.9 34.4 33.4 22.2 19.2 (10.4) 26 23.1 18.8 45 21.4 15.8 18.6 (406.7) 15 17.1 14.1 (38.8) 0.5 3 (1.2) 0.3 0.9 4.4 0.5 4.2 1.6 0.6 (5.7) 2.1 (0.2) 1.1 1.8 (1) 0.5 0.4 0.3 1.8 1.3 1.1 1.1
Net Income 114.5 108.7 123.8 125.6 150.3 102.8 106.7 110.5 132.3 227.3 114.1 43.2 69 328.3 83.2 62 79.7 124.6 75.6 88 47.6 (345.8) 32.7 17.5 39.3 (6.6) (17) (21.4) (7.7) (9.5) (5.8) (4.1) (465.5) (37.7) (14.1) (26.8) (33.1) (29.1) (42.6) (69.2) (69.2)
Per Share Data
EPS (Basic) 0.49 0.43 0.47 0.46 0.52 0.34 0.34 0.34 0.40 0.67 0.34 0.13 0.20 0.93 0.23 0.17 0.22 0.33 0.20 0.23 0.12 -0.84 0.08 0.04 0.09 -0.02 -0.04 -0.05 -0.02 -0.02 -0.01 -0.01 -1.17 -0.11 -0.04 -0.07 -0.09 -0.15 -0.22 -0.37 -0.37
EPS (Diluted) 0.48 0.43 0.47 0.45 0.51 0.34 0.34 0.34 0.39 0.66 0.33 0.13 0.20 0.93 0.23 0.17 0.21 0.32 0.19 0.22 0.12 -0.84 0.08 0.04 0.09 -0.02 -0.04 -0.05 -0.02 -0.02 -0.01 -0.01 -1.17 -0.11 -0.04 -0.07 -0.09 -0.15 -0.22 -0.37 -0.37
Shares Outstanding 235.2 250.4 263.4 272.4 290.3 301.5 314.5 322.4 334.8 337.5 339.2 341.4 347.1 352.1 358.1 364.1 370.7 380.1 385.5 388.4 398.1 411.4 419.9 414.1 417.3 415.4 414.4 412.4 410.5 408 403.9 401.3 397.2 358.6 358.6 358.6 358.6 191.9 189.9 187.3 187.3
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 Q1
Current Assets
Cash & Cash Equivalents 1,207.4 891.3 730.7 736.3 942.2 1,328.3 517.6 515.1 548.9 614.9 604.3 510.3 332.7 232.8 372 352.1 445.5 533 688.9 885.3 845.5 314.9 452.7 334.1 486.4 551.3 443.2 343.6 359.2 519.3 536.2 504.1 665.3 430 422.7 395.7 (352.7) 352.7 (356.9)
Short-Term Investments 81.4 146.9 194.6 218.4 237.8 265.9 373.2 547.4 627 741.1 704.6 717.2 920.4 1,110.6 1,081.4 1,094.2 1,050.1 1,185.1 1,239.8 1,058.9 1,070.9 806.4 773.8 783.5 614.4 607.7 587.7 629.2 556 570 502.9 477.7 180.7 0 0 0 705.4 0 713.8
Net Receivables 74.7 79.1 73.9 75.8 71.6 70.4 69.5 67.1 66.7 68.7 64.1 60.3 57.6 53.8 49.7 46.7 44.6 49.6 40.9 52.2 50.5 43.4 49.6 45.6 36.9 36.7 38.4 37.6 34.1 28.6 28.6 31.2 26.2 29.3 30.8 23.1 0 13.2 0
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 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 84.9 53.9 0 83 83.2 73.8 85.2 101.8 96.6 91.9 94.1 92.7 89 92.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 41.5 42.8 0 0 0
Total Current Assets 1,448.4 1,173.4 1,082.7 1,113.5 1,334.8 1,738.4 1,045.5 1,231.4 1,339.2 1,516.6 1,467.1 1,380.5 1,399.7 1,489.8 1,579.7 1,593.1 1,622.9 1,849.8 2,056.3 2,067.3 2,034 1,227.5 1,330.2 1,222.3 1,195.2 1,243.2 1,133.6 1,067.7 1,007.6 1,210.2 1,163.7 1,099.8 929.9 518.1 490.3 461.5 352.7 413.4 356.9
Non-Current Assets
Property, Plant & Equipment 619 649.1 657.6 585.3 546 517.7 514.2 500.6 492.6 493 543.3 537.4 555.4 569 661.2 693.1 736.4 735.9 810.6 780.5 786.7 809.2 1,194.3 1,177.2 1,181.3 1,103.2 998.3 945 771.3 310.6 295.9 330.8 345.6 341.9 345 377.6 0 444 0
Goodwill 455.5 454.9 453.4 452.3 442.6 442.8 442.7 411.9 401.8 402.2 400.5 402.1 402.5 403.3 352.6 353.9 355.9 356.6 347.2 346.8 346 236.9 234.3 234.7 233.3 234.5 231.8 230.9 230.4 96.5 98 97.8 99 98.9 98.7 98.3 0 96 0
Intangible Assets 27.4 33.7 40.4 42.5 48.8 54.9 62.2 56.4 51.6 58.1 65.8 73.5 80.8 88.3 42.6 46.5 50 53.6 49.6 48.9 53 33.5 37 40.5 44.4 47.4 50.1 53.7 57.4 14.7 15.2 16.3 17.9 17 17.5 18.8 0 24.2 0
Long-Term Investments 0 14.6 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
Other Non-Current Assets 75.3 103.5 561.7 120.4 119.9 104.7 54 56.7 51.7 53.2 47 53.9 59.9 61 66.7 72.2 86.8 54.2 75.4 84.6 87.6 80.1 66.5 67.6 63.1 70.9 72.8 67.6 61.9 62.1 50.3 57.7 46.3 44 35 30.8 (352.7) 26.6 (356.9)
Total Non-Current Assets 1,582.5 1,742.9 1,713.1 1,665.9 1,622.5 1,586.8 1,531.2 1,487.1 1,458.5 1,466.9 1,543.5 1,558.1 1,594 1,620.3 1,123.1 1,165.7 1,229.1 1,241.5 1,282.8 1,260.8 1,273.3 1,159.7 1,532.1 1,520 1,522.1 1,456 1,353 1,297.2 1,121 483.9 459.4 502.6 508.8 501.8 496.2 525.5 (352.7) 590.8 (356.9)
Total Assets 3,030.9 2,916.3 2,795.8 2,779.4 2,957.3 3,325.2 2,576.7 2,718.5 2,797.7 2,983.5 3,010.6 2,938.6 2,993.7 3,110.1 2,702.8 2,758.8 2,852 3,091.3 3,339.1 3,328.1 3,307.3 2,387.2 2,862.3 2,742.3 2,717.3 2,699.2 2,486.6 2,364.9 2,128.6 1,694.1 1,623.1 1,602.4 1,438.7 1,019.9 986.5 987 0 1,004.2 0
Current Liabilities
Account Payables 32.1 24.3 37.3 38.2 33.6 36.5 35.5 37.8 32 38.5 45.2 44.3 38.6 38.6 34.4 30.3 24.4 25.7 23 31.6 27.7 18.7 29.5 26.3 38.8 40.7 31.3 31.8 27.4 33.3 27.9 24 29.4 31.9 14.8 16.8 0 15.5 0
Short-Term Debt 212.1 906 706.4 704.3 703.8 10 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10.8 11.2 0 0 0
Deferred Revenue 746.9 729.7 0 742.6 739.8 727.7 739.8 743 741.8 725 734.7 734.5 727.7 702.6 698.6 691.9 691.7 671.5 668 657.5 641 610.5 598.6 583.5 576.8 554.2 541.1 517.3 508.4 485 479.3 464.8 444.6 417.9 0 0 0 353 0
Other Current Liabilities 184.6 121.7 740.6 74 48.6 105.2 91.3 84.1 42.7 109.2 86.4 66.5 40.1 131.7 102.3 73.5 44.6 139.1 107.1 76.4 43.4 113.6 93.3 71.1 41.4 101.4 79.1 57.4 36.4 121.9 109.9 95.2 36.2 70.7 218.7 210.5 0 52.3 0
Total Current Liabilities 1,175.7 1,893.5 1,903.2 1,855.2 1,837 1,210.8 1,202.1 1,184 1,166.8 1,201.5 1,196.8 1,177.2 1,152.5 1,196.5 1,156.4 1,135.7 1,117.4 1,175.8 1,175.1 1,125 1,074.9 1,087.8 1,026.9 981.8 970.8 1,014.8 948.3 903.1 865.8 837.5 815.1 793.3 746.1 738.4 695.8 658.8 0 635.3 0
Non-Current Liabilities
Long-Term Debt 1,211.9 2,479.5 1,791.9 1,649.7 1,650.4 2,344.5 1,380.6 1,379.7 1,378.7 1,377.8 1,376.9 1,375.9 1,375 1,374 1,373.1 1,372.2 1,371.2 1,370.3 1,369.3 1,368.4 1,367.4 0 0 0 0 0 0 0 0 0 0 0 0 0 98.2 117.8 0 0 0
Deferred Tax Liabilities 0 71.4 0 0 0 0 0 0 0 0 0 0 0 74.1 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
Other Non-Current Liabilities 2,655 (288.3) 59.6 61.4 61.2 68.4 86.6 84 83.6 90.8 83.1 86.5 107 112.1 41.6 42.2 37.8 39.4 31.5 32.1 38 34.4 37.4 33.7 26.6 25.9 21.5 10.6 9.7 8.9 8.8 31.5 36.3 37.2 10.8 (11.2) 0 44 0
Total Non-Current Liabilities 3,866.9 2,820 2,423.8 2,229.7 2,196 2,866.8 1,920.7 1,905.8 1,908.1 1,947.8 2,164.1 2,173.3 2,206.4 2,223 2,137.7 2,166 2,197.9 2,209.4 2,326.6 2,297.9 2,315.4 965.6 984.1 957.1 946.1 876 775.7 731.6 557.9 179.8 164.6 178.2 182.4 178.6 181.7 198.3 0 246.1 0
Total Liabilities 5,042.6 4,713.5 4,327 4,084.9 4,033 4,077.6 3,122.8 3,089.8 3,074.9 3,149.3 3,360.9 3,350.5 3,358.9 3,419.5 3,294.1 3,301.7 3,315.3 3,385.2 3,501.7 3,422.9 3,390.3 2,053.4 2,011 1,938.9 1,916.9 1,890.8 1,724 1,634.7 1,423.7 1,017.3 979.7 971.5 928.5 917 877.5 857.1 0 881.4 0
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
Retained Earnings (3,922.2) (3,815.1) (3,633.6) (3,487.6) (3,335.7) (3,146.5) (2,993) (2,872.6) (2,811.6) (2,742.3) (2,874.7) (2,895.6) (2,827.5) (2,772.1) (2,972.1) (2,926.1) (2,854.9) (2,739.4) (2,635.5) (2,547.5) (2,507.8) (2,241.4) (1,764.3) (1,764.4) (1,726.6) (1,726.2) (1,718.1) (1,700.1) (1,674.7) (1,659.5) (1,643.5) (1,619.4) (1,600.4) (1,049.7) (1,012) (997.9) 0 (937.5) 0
Accumulated Other Comprehensive Income 5.9 5.7 2.1 1.1 (7) (10.1) (7.6) (18.6) (20.4) (21.5) (36.9) (38.2) (39.3) (48.9) (58.1) (40.9) (28.1) (2.6) 4.8 5.8 4.6 10.9 6.8 7.4 (1.5) 3.3 2.1 1.9 1.8 (1.2) 1.9 1.9 5.7 4.2 4.3 2.6 (492.5) (1) (429.7)
Total Stockholders' Equity (2,011.7) (1,797.2) (1,531.2) (1,305.5) (1,075.7) (752.4) (546.1) (371.3) (277.2) (165.8) (350.3) (411.9) (365.2) (309.4) (591.3) (542.9) (463.3) (293.9) (162.6) (94.8) (83) 333.8 851.3 803.4 800.4 808.4 762.6 730.2 704.9 676.8 643.4 630.9 510.2 102.9 109 129.9 122.8 122.8 185.6
Total Liabilities & Equity 3,030.9 2,916.3 2,795.8 2,779.4 2,957.3 3,325.2 2,576.7 2,718.5 2,797.7 2,983.5 3,010.6 2,938.6 2,993.7 3,110.1 2,702.8 2,758.8 2,852 3,091.3 3,339.1 3,328.1 3,307.3 2,387.2 2,862.3 2,742.3 2,717.3 2,699.2 2,486.6 2,364.9 2,128.6 1,694.1 1,623.1 1,602.4 1,438.7 1,019.9 986.5 987 122.8 1,004.2 185.6
Debt Metrics
Total Debt 1,424 3,942.9 3,254.7 3,043.2 3,009.7 2,996.6 2,023.1 2,006.4 2,014.6 2,030.6 2,261 2,267.6 2,278.4 2,294.6 2,280 2,316.1 2,361.6 2,368.7 2,501.2 2,466.6 2,470.3 1,119.5 1,122.8 1,089.8 1,083.8 1,006.7 901.1 868.2 693 163.7 162.9 160.2 170 174.3 109 129 0 257.2 0
Net Debt 216.6 3,051.6 2,524 2,306.9 2,067.5 1,668.3 1,505.5 1,491.3 1,465.7 1,415.7 1,656.7 1,757.3 1,945.7 2,061.8 1,908 1,964 1,916.1 1,835.7 1,812.3 1,581.3 1,624.8 804.6 670.1 755.7 597.4 455.4 457.9 524.6 333.8 (355.6) (373.3) (343.9) (495.3) (255.7) (313.7) (266.7) 352.7 (95.5) 356.9
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 114.5 108.7 123.8 125.6 150.3 102.8 106.7 110.5 132.3 227.3 114.1 43.2 69 328.3 83.2 62 79.7 124.6 75.6 88 47.6 (345.8) 32.7 17.5 39.3 (6.6) (17) (21.4) (7.7) (9.5) (5.8) (4.1) (465.5) (37.7) (14.1) (26.8) (33.1) (29.1) (42.6) (69.2) (69.2)
Depreciation & Amortization 39.1 40.7 48.2 39 38.1 38.2 35.3 32.3 31.5 43 41.8 42.7 42.5 39.6 38.9 39.2 39.4 41.1 38.8 36.8 34.7 38.8 40.9 40.1 39.5 41 40.6 46.1 45.8 45.2 45.7 40 35.9 42.9 44.5 46.4 48 47.9 50.3 46.7 46.7
Stock-Based Compensation 0 77.4 0 77.7 67.1 85.7 92.3 90.5 78 82.9 83.8 95.3 76 87.3 86.1 85 72.3 72.5 72.8 73.9 67.9 69.4 75.7 76.6 39.8 69.3 68.2 68.1 55.6 53.5 55 55.1 486.5 47.4 39.7 38.7 38.8 34 37.3 38.1 38.1
Change in Working Capital (49.9) (17.2) 9.1 1 (83.7) (31.5) 24.7 (19.9) (84.8) (38.2) (10.8) (21.7) (76.1) (26.5) 23.8 7.7 (85.4) (54.7) 34.3 17.8 (59.3) 4.9 45.7 13.6 (60.6) 80.9 52.3 42.4 (30) 31.9 29.7 18.5 3.1 16.4 40.3 17.4 7.2 (13.6) 1.5 18.9 18.9
Other Non-Cash Items 90.4 7.5 121 16.7 (19.5) 27.2 12.5 16.2 19 (141.4) 22.8 24 25.1 180.7 19.4 16 29 (34.8) 10 3.4 7.5 5.2 5.9 4.4 6.3 2.2 3.9 1 (0.5) 2.6 3.4 2.4 1.8 2.1 1.1 10.4 0.7 26.7 20.3 25.4 25.4
Operating Cash Flow 204.5 235.4 302.1 260.5 153.8 213.8 274.2 230.6 175.5 200.3 255.9 187.6 139.9 194.6 251.4 209.9 141.4 162.7 231.5 219.9 115.7 170.7 200.9 145.9 53.3 186.8 149.7 128.8 63.2 123.7 128 111.9 61.8 71.1 111.5 86.1 61.6 65.9 66.8 60.0 60.0
Investing Activities
Capital Expenditure (1.2) (10.5) (8.4) (1.6) (0.5) (3.3) (4.1) (5.9) (9.2) (10.3) (9.4) (3) (1.9) (12.9) (6.2) (4) (10.7) (2.8) (10) (3.9) (6.9) (12.3) (13.9) (26.1) (27.8) (25.5) (47.2) (33.7) (29.7) (35.5) (8.4) (9.7) (12.4) (13.3) (3.2) (4.2) (5.4) (3.6) (22) (44.8) (44.8)
Acquisitions 0 0 (4.7) (8.4) 0 0 (36.7) (21.1) 0 0 0 0 0 (75.4) 10.6 0 0 (14.7) 0.1 3.9 (125.4) 12.3 13.9 26.1 0 (2.3) 47.2 0.5 (172.1) 35.5 8.4 9.7 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 (62.3) (96.1) (64.7) (17) (30.9) (131.3) (138.4) (219.9) (81.6) (77.8) (366.9) (179.8) (513.9) (215) (111.9) (308.7) (120.5) (192.7) (193) (236.7) (153) (186.1) (168.4) (315.1) (180.8) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 65.6 50.4 0 21 30 107.9 182.4 85.6 179.5 71.7 81.9 220.7 230.3 108.8 138.2 166.5 189.3 124.1 183 191.1 244.1 180.6 120.7 151.4 132.8 173.2 235.1 165.8 176.8 120.1 144 19.5 0 0 0 0 0 0 0 0 0
Other Investing Activities 2.5 6 30.9 1.4 6.3 9.2 11.5 4.6 5.7 12.7 2.5 5.4 3.3 5.7 3.3 5.5 4 6.5 10.9 10.3 3.3 (7.6) (10.8) (20.6) 3.8 6.1 (50.4) 6.9 4.7 (38.8) (7) (8.9) 0.1 0.3 0 0.6 1.3 0.3 2.1 (2.6) (2.6)
Investing Cash Flow 66.9 45.9 17.8 12.4 35.8 113.8 153.1 63.2 113.7 (22) 10.3 206.1 200.8 (105.1) 7.5 (51.9) 101 35.3 (182.9) 21.6 (398.8) (42) (2) (177.9) (11.7) (41.2) (8.3) (97.2) (173.3) (104.8) (31.4) (304.5) (193.1) (13) (3.2) (3.6) (4.1) (3.3) (19.9) (47.4) (47.4)
Financing Activities
Net Debt Issuance 445.9 315.4 113.5 (37) (36.3) 916.7 (32.3) (31.8) (32.1) (31.4) (31.3) (31.9) (32) (31.5) (31.6) (32) (32.4) (31.2) (28.5) (26.1) 1,099.2 (24.6) (21.5) (21.7) (21.7) (21.1) (21.2) (24.4) (26.2) (28.5) (25.8) (28.5) (29.8) (32.4) (33) (34.7) (34.6) 0 0 0 0
Stock Repurchased (366.8) (415) (425.6) (410) (499.1) (353.3) (348.7) (260.2) (279.4) (106.2) (104.1) (154.2) (175.4) (174.3) (171.4) (189.8) (259.9) (294.8) (181) (150.8) (431.9) (153.7) (37.5) (75.8) (64) (18.3) (19) (22.6) (25.5) (25.2) (44.3) (41.2) (241.2) (15.7) (48.2) 0 (24) 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 (32.9) (41.2) (11.5) (40.9) (43.1) (40.1) (50.3) (34.7) (41.3) (34.5) (34.4) (32.2) (34.1) (28.4) (29.6) (24.7) (36.7) (26.6) (35.5) (27.9) 144.4 (92.2) (0.3) (0.1) (19.3) (0.2) 0.3 (0.5) (0.2) 3.1 (3.1) (4.3) (2.2) (2.5) (2) (3.9) (1.2) (36.3) (37.8) (30.2) (30.2)
Financing Cash Flow 46.2 (140.8) (323.6) (487.8) (578.5) 523.9 (431.1) (326.7) (352.7) (172) (168.6) (217.3) (241.3) (234.1) (232.5) (246.4) (328.8) (352.3) (243.9) (202.2) 814.6 (269.8) (81.7) (121.9) (104.3) (39.4) (39.9) (46.4) (51) (34.2) (64.4) 34.4 365 (50.6) (82.7) (38.6) (59.8) (36.3) (37.8) (30.2) (30.2)
Cash Position
Net Change in Cash 316.1 141.7 (5) (205.7) (385.6) 842.9 2.5 (33.8) (66) 10.6 94 177.6 99.9 (139.2) 19.9 (93.4) (87.5) (155.9) (196.4) 39.8 530.6 (137.8) 118.6 (152.3) (64.9) 108.1 99.6 (15.6) (160.1) (16.9) 32.1 (161.2) 235.3 7.3 27 44.5 (1.5) 21.6 9.7 (17.8) (17.8)
Cash at Beginning 891.3 764.2 769.2 974.9 1,360.5 517.6 515.1 548.9 614.9 604.3 510.3 332.7 232.8 372 352.1 445.5 533 688.9 885.3 845.5 314.9 452.7 334.1 486.4 551.3 443.2 343.6 359.2 519.3 536.2 504.1 665.3 430 422.7 395.7 351.2 352.7 331.1 321.4 339.1 0
Cash at End 1,207.4 905.9 764.2 769.2 974.9 1,360.5 517.6 515.1 548.9 614.9 604.3 510.3 332.7 232.8 372 352.1 445.5 533 688.9 885.3 845.5 314.9 452.7 334.1 486.4 551.3 443.2 343.6 359.2 519.3 536.2 504.1 665.3 430 422.7 395.7 351.2 352.7 331.1 321.4 (17.8)
Free Cash Flow 203.3 224.9 293.7 258.9 153.3 210.5 270.1 224.7 166.3 190 246.5 184.6 138 181.7 245.2 205.9 130.7 159.9 221.5 216 108.8 158.4 187 119.8 25.5 161.3 102.5 95.1 33.5 88.2 119.6 102.2 49.4 57.8 108.3 81.9 56.2 62.3 44.8 15.2 15.2
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
Income Statement
Revenue 629.5 636.2 634.4 625.7 624.7 643.6 638.8 634.5 631.3 635 633 622.5 611.1 598.8 591 572.7 562.4 565.5 550.2 530.6 511.6 504.1 487.4 467.4 455 446 428.2 401.5 385.6 375.9 360.3 339.2 316.3 305.5 286.7 266.7 247.9 238 221 192.9 192.9
Gross Profit 501.4 504.1 506.1 502.1 508 522.8 527.3 527.5 525.5 513 513.4 502.4 494.3 483 481.3 466.9 449.5 449.7 438.2 423.5 402.3 398.3 384.2 364.9 351.9 341.1 323.4 298.6 287.2 281.5 270.1 249.7 195.7 213.8 195.2 174.5 154.4 148.7 122.2 91.7 91.7
Operating Income 172.8 158.3 174.7 172.2 186.1 87.9 127.8 127 143.5 267.4 130.7 56.5 84.1 (80.4) 89.3 82.9 89.5 70.2 77.3 84.4 42.5 (346.6) 30 12.8 26.8 (6.6) (18.6) (34) (21.3) (12) (8.9) (7.2) (465.9) (37.3) (16.3) (26.7) (33.4) (20.2) (41.1) (66.1) (66.1)
Net Income 114.5 108.7 123.8 125.6 150.3 102.8 106.7 110.5 132.3 227.3 114.1 43.2 69 328.3 83.2 62 79.7 124.6 75.6 88 47.6 (345.8) 32.7 17.5 39.3 (6.6) (17) (21.4) (7.7) (9.5) (5.8) (4.1) (465.5) (37.7) (14.1) (26.8) (33.1) (29.1) (42.6) (69.2) (69.2)
EPS (Diluted) 0.48 0.43 0.47 0.45 0.51 0.34 0.34 0.34 0.39 0.66 0.33 0.13 0.20 0.93 0.23 0.17 0.21 0.32 0.19 0.22 0.12 -0.84 0.08 0.04 0.09 -0.02 -0.04 -0.05 -0.02 -0.02 -0.01 -0.01 -1.17 -0.11 -0.04 -0.07 -0.09 -0.15 -0.22 -0.37 -0.37
Balance Sheet
Cash & Equivalents 1,207.4 891.3 730.7 736.3 942.2 1,328.3 517.6 515.1 548.9 614.9 604.3 510.3 332.7 232.8 372 352.1 445.5 533 688.9 885.3 845.5 314.9 452.7 334.1 486.4 551.3 443.2 343.6 359.2 519.3 536.2 504.1 665.3 430 422.7 395.7 (352.7) 352.7 (356.9)
Total Assets 3,030.9 2,916.3 2,795.8 2,779.4 2,957.3 3,325.2 2,576.7 2,718.5 2,797.7 2,983.5 3,010.6 2,938.6 2,993.7 3,110.1 2,702.8 2,758.8 2,852 3,091.3 3,339.1 3,328.1 3,307.3 2,387.2 2,862.3 2,742.3 2,717.3 2,699.2 2,486.6 2,364.9 2,128.6 1,694.1 1,623.1 1,602.4 1,438.7 1,019.9 986.5 987 0 1,004.2 0
Total Debt 1,424 3,942.9 3,254.7 3,043.2 3,009.7 2,996.6 2,023.1 2,006.4 2,014.6 2,030.6 2,261 2,267.6 2,278.4 2,294.6 2,280 2,316.1 2,361.6 2,368.7 2,501.2 2,466.6 2,470.3 1,119.5 1,122.8 1,089.8 1,083.8 1,006.7 901.1 868.2 693 163.7 162.9 160.2 170 174.3 109 129 0 257.2 0
Stockholders' Equity (2,011.7) (1,797.2) (1,531.2) (1,305.5) (1,075.7) (752.4) (546.1) (371.3) (277.2) (165.8) (350.3) (411.9) (365.2) (309.4) (591.3) (542.9) (463.3) (293.9) (162.6) (94.8) (83) 333.8 851.3 803.4 800.4 808.4 762.6 730.2 704.9 676.8 643.4 630.9 510.2 102.9 109 129.9 122.8 122.8 185.6
Cash Flow
Operating Cash Flow 204.5 235.4 302.1 260.5 153.8 213.8 274.2 230.6 175.5 200.3 255.9 187.6 139.9 194.6 251.4 209.9 141.4 162.7 231.5 219.9 115.7 170.7 200.9 145.9 53.3 186.8 149.7 128.8 63.2 123.7 128 111.9 61.8 71.1 111.5 86.1 61.6 65.9 66.8 60.0 60.0
Capital Expenditure (1.2) (10.5) (8.4) (1.6) (0.5) (3.3) (4.1) (5.9) (9.2) (10.3) (9.4) (3) (1.9) (12.9) (6.2) (4) (10.7) (2.8) (10) (3.9) (6.9) (12.3) (13.9) (26.1) (27.8) (25.5) (47.2) (33.7) (29.7) (35.5) (8.4) (9.7) (12.4) (13.3) (3.2) (4.2) (5.4) (3.6) (22) (44.8) (44.8)
Free Cash Flow 203.3 224.9 293.7 258.9 153.3 210.5 270.1 224.7 166.3 190 246.5 184.6 138 181.7 245.2 205.9 130.7 159.9 221.5 216 108.8 158.4 187 119.8 25.5 161.3 102.5 95.1 33.5 88.2 119.6 102.2 49.4 57.8 108.3 81.9 56.2 62.3 44.8 15.2 15.2