DNTH - Dianthus Therapeutics, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$111.91
DETAILS
HIGH:
$145.00
LOW:
$55.00
MEDIAN:
$120.00
CONSENSUS:
$111.91
UPSIDE:
29.41%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||
| Revenue | 0.5 | 0.3 | 0.4 | 0.2 | 1.2 | 1.3 | 2.2 | 1.9 | 0.9 | 0.5 | 0.9 | 1.0 | 0.5 | 1.2 | 1.2 | 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 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.1 | 0 | 0.0 | 0 | 1.2 | 1.2 | 0.5 | 0.5 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0.4 | 0.3 | 0.4 | 0.2 | 1.2 | 1.3 | 2.2 | 1.9 | 0.9 | 0.5 | 0.9 | 0.9 | 0.5 | 1.1 | 1.2 | (1.2) | (1.2) | (0.5) | (0.5) | (0.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| R&D Expenses | 34.5 | 59.9 | 32.5 | 26.3 | 27.0 | 26.4 | 25.5 | 18.1 | 13.1 | 8.8 | 8.0 | 10.3 | 5.8 | 9.8 | 7.2 | 10.4 | 15.3 | 12.6 | 10.3 | 10.7 | 11.7 | 12.3 | 11.8 | 12.6 | 14.0 | 18.7 | 16.5 | 13.4 | 10.5 | 12.4 | 11.4 | 9.7 | 7.8 | 5.6 | 5.2 | 13.8 | 3.3 |
| SG&A Expenses | 12.5 | 9.9 | 8.2 | 8.9 | 7.3 | 6.8 | 6.5 | 6.0 | 5.6 | 4.6 | 8.7 | 2.4 | 2.3 | 2.0 | 2.2 | 6.5 | 7.3 | 7.0 | 7.5 | 6.5 | 7.0 | 6.8 | 6.6 | 7.4 | 7.3 | 5.9 | 6.1 | 5.9 | 5.8 | 5.5 | 5.3 | 4.3 | 3.5 | 2.6 | 1.8 | 1.9 | 1.5 |
| 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 |
| Operating Expenses | 46.9 | 69.8 | 40.7 | 35.1 | 34.3 | 33.2 | 32.1 | 24.1 | 18.7 | 13.4 | 16.7 | 12.7 | 8.2 | 11.8 | 9.4 | 16.9 | 22.6 | 19.6 | 17.7 | 17.1 | 18.7 | 19.1 | 18.4 | 20.0 | 21.2 | 24.6 | 22.6 | 19.3 | 16.4 | 17.9 | 16.7 | 14.0 | 11.3 | 8.2 | 7.0 | 15.7 | 4.8 |
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (46.5) | (69.5) | (40.3) | (34.9) | (33.2) | (31.9) | (29.9) | (22.2) | (17.8) | (13.0) | (15.8) | (11.8) | (7.7) | (10.7) | (8.3) | (18.1) | (23.8) | (20.1) | (18.2) | (17.6) | (18.7) | (19.1) | (18.4) | (20.0) | (21.2) | (24.6) | (22.6) | (19.3) | (16.4) | (17.9) | (16.7) | (14.0) | (11.3) | (8.2) | (7.0) | (15.7) | (4.8) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.8 | 0 | 0 | 0 | 0 | 1.2 | 0.9 | 0.7 | 0.9 | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 6.3 | 5.3 | 3.7 | 3.4 | 3.8 | 4.0 | 4.4 | 4.7 | 4.2 | 2.4 | 1.0 | 0.7 | 0.6 | 0.6 | 0.4 | 0.8 | 0.9 | 0 | 0.1 | 0.1 | 1.2 | 0.9 | 0.7 | 0.9 | 1.2 | 0 | 0 | 0 | 1.5 | 1.3 | 0.7 | 0.4 | 0.1 | 0.1 | 0.1 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||||||||
| EBITDA | (46.5) | (69.3) | (36.7) | (34.8) | (33.0) | (31.8) | (29.8) | (22.1) | (17.7) | (12.9) | (14.7) | (13.0) | (7.7) | (10.1) | (8.2) | (16.1) | (21.7) | (18.8) | (16.9) | (16.4) | (17.0) | (17.7) | (17.2) | (18.6) | (19.5) | (22.8) | (20.5) | (17.3) | (14.4) | (16.3) | (15.8) | (13.5) | (11.0) | (7.9) | (6.8) | (15.6) | (4.8) |
| EBIT | (46.5) | (69.5) | (36.8) | (34.9) | (33.2) | (31.9) | (29.9) | (22.2) | (17.8) | (13.0) | (14.8) | (13.1) | (7.7) | (10.1) | (8.3) | (17.3) | (22.9) | (19.3) | (17.4) | (16.9) | (17.5) | (18.2) | (17.7) | (19.1) | (20.0) | (23.2) | (21.0) | (17.7) | (14.8) | (16.7) | (16.0) | (13.7) | (11.2) | 0 | (6.9) | (15.7) | (4.8) |
| Income Before Tax | (40.8) | 97.9 | (36.8) | (31.6) | (29.5) | (28.4) | (25.2) | (17.6) | (13.7) | (10.6) | (14.8) | (11.1) | (7.1) | (10.1) | (7.8) | (17.3) | (22.9) | (19.3) | (17.4) | (16.9) | (17.5) | (18.2) | (17.7) | (19.1) | (20.0) | (23.2) | (21.0) | (17.7) | (14.8) | (16.7) | (16.0) | (13.7) | (11.2) | (8.0) | (6.9) | (15.7) | (4.8) |
| 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 |
| Net Income | (40.8) | 97.9 | (36.8) | (31.6) | (29.5) | (28.4) | (25.2) | (17.6) | (13.7) | (10.6) | (14.8) | (11.1) | (7.1) | (10.1) | (7.8) | (17.3) | (22.9) | (19.3) | (17.4) | (16.9) | (17.5) | (18.2) | (17.7) | (19.1) | (20.0) | (23.2) | (21.0) | (17.7) | (14.8) | (16.7) | (16.0) | (13.7) | (11.2) | (8.0) | (6.9) | (15.7) | (4.8) |
| Per Share Data | |||||||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.85 | 2.59 | -0.97 | -0.88 | -0.82 | -0.81 | -0.74 | -0.51 | -0.54 | -2.33 | -3.78 | -0.87 | -7.70 | -2.67 | -2.10 | -4.70 | -6.25 | -5.25 | -4.76 | -5.04 | -5.76 | -5.99 | -5.86 | -7.71 | -8.13 | -9.52 | -8.65 | -7.73 | -7.10 | -8.04 | -7.77 | -6.39 | -5.05 | -3.74 | -3.13 | -7.12 | -2.18 |
| EPS (Diluted) | -0.85 | 2.59 | -0.97 | -0.88 | -0.82 | -0.81 | -0.74 | -0.51 | -0.54 | -2.33 | -3.78 | -0.87 | -7.70 | -2.67 | -2.10 | -4.70 | -6.25 | -5.25 | -4.76 | -5.04 | -5.76 | -5.99 | -5.86 | -7.71 | -8.13 | -9.52 | -8.65 | -7.73 | -7.10 | -8.04 | -7.77 | -6.39 | -5.05 | -3.74 | -3.13 | -7.12 | -2.18 |
| Shares Outstanding | 48.0 | 37.8 | 37.8 | 35.8 | 35.8 | 35.0 | 34.2 | 34.2 | 25.7 | 4.5 | 3.9 | 3.8 | 3.8 | 3.8 | 3.7 | 3.7 | 3.7 | 3.7 | 3.7 | 3.4 | 3.0 | 3.0 | 3.0 | 2.5 | 2.5 | 2.4 | 2.4 | 2.3 | 2.1 | 2.1 | 2.1 | 2.1 | 2.2 | 2.1 | 2.2 | 2.2 | 2.2 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 627.7 | 51.1 | 56.0 | 13.2 | 10.1 | 22.8 | 33.7 | 314.2 | 329.7 | 132.3 | 157.3 | 62.6 | 50.3 | 15.4 | 59.0 | 54.8 | 71.8 | 131.7 | 157.5 | 155.0 | 49.3 | 58.2 | 141.7 | 136.3 | 74.9 | 65.1 | 85.5 | 33.1 | 31.2 | 58.3 | 159.7 | 173.4 | 41.5 | 51.6 |
| Short-Term Investments | 483.6 | 353.2 | 346.6 | 244.2 | 253.1 | 252.4 | 247.5 | 46.5 | 47.3 | 41.4 | 32.6 | 15.0 | 29.7 | 60.1 | 69.3 | 84.6 | 84.8 | 45.3 | 35.1 | 52.8 | 83.0 | 90.7 | 20.1 | 40.2 | 55.5 | 80.7 | 75.1 | 139.2 | 96.1 | 84.2 | 0 | 0 | 0 | 0 |
| Net Receivables | 1.3 | 0.1 | 5 | 0.0 | 1 | 0.8 | 1.3 | 1.7 | 0.9 | 0.5 | 0.8 | 0 | 0 | 5.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 5.5 | 5.5 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 5.0 | 6.2 | 0.1 | 0.4 | 1.1 | 1.4 | 0 | 0 | 0.5 | 0 | 1.0 | 3.5 | 0.1 | 3.8 | 2.6 | 3.6 | 3.8 | 3.9 | 2.4 | 2.8 | 2.7 | 2.5 | 3.4 | 2.7 | 4.1 | 4.6 | 5.2 | 2.3 | 2.8 | 3.0 | 2.3 | 1 | 0.9 |
| Total Current Assets | 1,119.9 | 409.4 | 413.8 | 263.6 | 271.0 | 280.9 | 287.5 | 365.7 | 380.9 | 177.5 | 191.5 | 78.6 | 83.4 | 82.0 | 132.1 | 142.0 | 160.2 | 180.7 | 196.5 | 210.2 | 135.1 | 151.5 | 164.3 | 179.9 | 133.1 | 149.8 | 165.2 | 183.0 | 135.1 | 145.3 | 162.9 | 175.9 | 42.6 | 52.5 |
| Non-Current Assets | ||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 1.6 | 1.6 | 1.5 | 1.6 | 1.6 | 1.7 | 0.5 | 0.6 | 0.7 | 0.8 | 0.9 | 0 | 0 | 1.0 | 30.2 | 31.3 | 32.4 | 7.5 | 8.0 | 8.4 | 7.7 | 8.3 | 8.6 | 9.1 | 9.5 | 9.9 | 10.2 | 10.6 | 10.6 | 3.1 | 8.1 | 2.9 | 2.1 | 1.7 |
| 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 |
| 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 |
| Long-Term Investments | 113.9 | 110.1 | 152.9 | 51.7 | 68.3 | 81.7 | 61.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 0 | 0 | 0 | 0 | 0 | 1.8 | 0 | 0 | 0 | 8.9 | 0 | 0 | 0 | 0.2 |
| Other Non-Current Assets | 11.5 | 9.7 | 9.3 | 9.2 | 7.6 | 9.6 | 4.7 | 2.6 | 0.8 | 1.2 | 0.1 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 0 | 1.8 | 1.8 | 2.0 | 0 | 1.8 | 1.8 | 1.4 | 0.0 |
| Total Non-Current Assets | 127.0 | 121.5 | 163.6 | 62.5 | 77.6 | 93.1 | 66.8 | 3.3 | 1.5 | 2.0 | 1.0 | 0 | 0 | 1.1 | 32.0 | 33.1 | 34.1 | 9.2 | 9.8 | 10.2 | 9.5 | 10.1 | 10.4 | 10.8 | 11.3 | 11.7 | 12.0 | 12.4 | 12.6 | 12.0 | 9.9 | 4.7 | 3.5 | 2.0 |
| Total Assets | 1,246.9 | 530.9 | 577.4 | 326.1 | 348.6 | 374.0 | 354.2 | 369.0 | 382.5 | 179.4 | 192.5 | 78.6 | 83.4 | 83.1 | 164.1 | 175.1 | 194.4 | 189.9 | 206.2 | 220.4 | 144.6 | 161.6 | 174.6 | 190.7 | 144.4 | 161.5 | 177.2 | 195.4 | 147.7 | 157.3 | 172.8 | 180.6 | 46.1 | 54.5 |
| Current Liabilities | ||||||||||||||||||||||||||||||||||
| Account Payables | 5.3 | 9.7 | 6.7 | 5.4 | 8.3 | 4.6 | 7.6 | 3.7 | 2.6 | 2.6 | 1.4 | 0.8 | 1.1 | 1.2 | 2.6 | 2.0 | 4.4 | 3.0 | 1.9 | 2.9 | 2.1 | 3.8 | 2.4 | 2.6 | 3.9 | 2.8 | 2.0 | 2.3 | 3.0 | 3.5 | 4.9 | 1.5 | 1.7 | 0.2 |
| Short-Term Debt | 0.4 | 0.4 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.6 | 3.4 | 3.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 1.5 | 1.2 | 1.0 | 0.5 | 0.5 | 0.5 | 0.1 | 0.1 | 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 |
| Other Current Liabilities | 31.1 | 19.5 | 16.0 | 3.8 | 2.1 | 5.2 | 7.7 | 2.6 | 1.4 | 5.4 | 4.4 | 1.6 | 3.3 | 2.1 | 3.4 | 3.6 | 4.8 | 4.5 | 5.3 | 6.0 | 5.9 | 4.6 | 4.5 | 5.8 | 7.6 | 8.1 | 5.2 | 6.0 | 3.9 | 4.4 | 5.1 | 4.9 | 3.2 | 2.6 |
| Total Current Liabilities | 38.3 | 30.7 | 23.9 | 20.1 | 17.0 | 18.5 | 15.7 | 10.0 | 9.0 | 9.6 | 13.1 | 4.0 | 6.0 | 8.2 | 12.9 | 11.3 | 14.1 | 10.9 | 10.1 | 11.1 | 9.2 | 11.4 | 9.9 | 10.4 | 12.7 | 14.1 | 9.6 | 9.9 | 7.9 | 10.4 | 11.9 | 7.6 | 5.5 | 4.1 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||||||
| Long-Term Debt | 1.0 | 1.0 | 1.1 | 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 |
| 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 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.4 | 6.4 | 6.4 | 6.4 | 6.3 | 6.2 | 6.4 | 6.3 | 6.2 | 6.1 | 5.9 | 5.8 | 1.2 | 1.1 | 0.8 | 0 | 0 |
| Total Non-Current Liabilities | 7.3 | 6.8 | 7.1 | 2.9 | 3.0 | 3.1 | 0.6 | 0.7 | 0.8 | 0.9 | 1.0 | 0 | 0 | 1.2 | 27.2 | 28.2 | 29.1 | 6.4 | 6.4 | 6.4 | 6.4 | 6.3 | 6.2 | 6.4 | 6.3 | 6.2 | 6.1 | 5.9 | 5.8 | 1.2 | 1.1 | 0.8 | 0 | 0 |
| Total Liabilities | 45.6 | 37.5 | 31.0 | 23.0 | 20.0 | 21.5 | 16.4 | 10.7 | 9.8 | 10.5 | 14.1 | 4.0 | 6.0 | 9.5 | 40.1 | 39.4 | 43.2 | 17.3 | 16.5 | 17.5 | 15.6 | 17.7 | 16.1 | 16.8 | 19.0 | 20.3 | 15.7 | 15.9 | 13.7 | 11.7 | 13.0 | 8.4 | 5.5 | 4.1 |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||||
| Common Stock | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0 | 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 |
| Retained Earnings | (377.6) | (336.7) | (272.3) | (235.5) | (203.9) | (174.4) | (146.0) | (120.8) | (103.2) | (89.4) | (78.9) | (434.5) | (431.2) | (45.9) | (381.9) | (365.8) | (348.5) | (325.6) | (306.3) | (288.8) | (271.9) | (254.4) | (236.3) | (218.6) | (199.5) | (179.5) | (156.3) | (135.3) | (117.6) | (102.7) | (86.0) | (70.0) | (56.4) | (45.2) |
| Accumulated Other Comprehensive Income | (0.6) | 0.5 | 0.2 | 0.1 | 0.3 | 0.1 | 0.7 | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) | (0.0) | (0.2) | (0.5) | (0.6) | (0.5) | (0.0) | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | 0.2 | 0.4 | 0.0 | 0 | 0 | 0 | (0.0) | 0 | 0 | 0 | (0.4) |
| Total Stockholders' Equity | 1,201.3 | 493.4 | 546.5 | 303.1 | 328.6 | 352.5 | 337.9 | 358.2 | 372.7 | 168.9 | 178.4 | 74.6 | 77.5 | 73.7 | 124.0 | 135.7 | 151.2 | 172.7 | 189.7 | 202.9 | 129.1 | 143.9 | 158.6 | 173.9 | 125.4 | 141.2 | 161.5 | 179.6 | 134.0 | 145.6 | 159.8 | 172.2 | 40.6 | 50.3 |
| Total Liabilities & Equity | 1,246.9 | 530.9 | 577.4 | 326.1 | 348.6 | 374.0 | 354.2 | 369.0 | 382.5 | 179.4 | 192.5 | 78.6 | 83.4 | 83.1 | 164.1 | 175.1 | 194.4 | 189.9 | 206.2 | 220.4 | 144.6 | 161.6 | 174.6 | 190.7 | 144.4 | 161.5 | 177.2 | 195.4 | 147.7 | 157.3 | 172.8 | 180.6 | 46.1 | 54.5 |
| Debt Metrics | ||||||||||||||||||||||||||||||||||
| Total Debt | 1.4 | 1.4 | 1.3 | 1.3 | 1.4 | 1.5 | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0 | 0 | 0.8 | 30.8 | 31.6 | 32.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | (626.3) | (49.7) | (54.7) | (11.9) | (8.7) | (21.3) | (33.4) | (313.8) | (329.2) | (131.7) | (156.6) | (62.6) | (50.3) | (14.6) | (28.2) | (23.2) | (39.4) | (131.7) | (157.5) | (155.0) | (49.3) | (58.2) | (141.7) | (136.3) | (74.9) | (65.1) | (85.5) | (33.1) | (31.2) | (58.3) | (159.7) | (173.4) | (41.5) | (51.6) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | (40.8) | (64.4) | (36.8) | (31.6) | (29.5) | (28.4) | (25.2) | (17.6) | (13.7) | (10.6) | (14.8) | (11.1) | (7.1) | (10.1) | (7.8) | (17.3) | (22.9) | (19.3) | (17.4) | (16.9) | (17.5) | (18.2) | (17.7) | (19.1) | (20.0) | (23.2) | (21.0) | (17.7) | (14.8) | (16.7) | (16.0) | (13.7) | (11.2) | (8.0) | (6.9) | (15.7) | (4.8) |
| Depreciation & Amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | 1.2 | 1.2 | 1.2 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 |
| Stock-Based Compensation | 10.6 | 6.0 | 5.8 | 5.7 | 5.3 | 3.9 | 3.8 | 3.1 | 2.0 | 0.7 | 1.2 | 0.5 | 0.5 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 2.2 | 2.3 | 2.4 | 2.5 | 2.7 | 2.1 | 2.8 | 2.6 | 2.6 | 2.6 | 3.7 | 3.1 | 1.4 | 0.8 | 0.6 | 0.6 | 0.3 |
| Change in Working Capital | 2.2 | 12.5 | 2.9 | 3.1 | (1.7) | (0.4) | 2.6 | 0.3 | (2.8) | (1.6) | 10.4 | 6.1 | (3.5) | 1.1 | (0.0) | (2.7) | (0.0) | 0.8 | (1.2) | 1.1 | (2.3) | 1.5 | 0.3 | (3.2) | 0.1 | 5.2 | 6.5 | (0.1) | (2.8) | 1.3 | 1.5 | 1.3 | (0.0) | (1.1) | 0.8 | 1.2 | 0.4 |
| Other Non-Cash Items | (0.9) | (1.1) | (2.5) | (1.1) | (1.9) | (2.6) | (2.6) | (0.4) | (0.5) | (0.5) | 4.7 | (0.2) | (0.4) | (0.4) | 22.9 | 2.0 | 2.0 | 2.3 | 4.0 | 2.4 | 0.3 | 0.1 | 0.0 | 0.0 | 0.0 | (0.1) | (0.3) | (0.3) | (0.3) | (0.2) | 0.1 | 0.0 | 0 | 0 | 0 | 9.3 | 0 |
| Operating Cash Flow | (28.9) | (47.0) | (30.6) | (23.9) | (27.6) | (27.4) | (21.3) | (14.5) | (14.9) | (11.9) | 1.5 | (4.7) | (10.3) | (8.9) | 16.4 | (16.9) | (19.7) | (15.7) | (14.1) | (13) | (16.8) | (13.7) | (14.4) | (19.2) | (16.7) | (15.6) | (11.5) | (15.0) | (14.9) | (12.6) | (10.5) | (9.1) | (9.6) | (8.2) | (5.4) | (4.6) | (4.0) |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditure | (0.0) | (0.1) | (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) | (0.0) | (1.1) | (0.1) | (0.0) | (0.2) | (0.0) | (0.0) | (0.1) | (0.2) | (0.5) | (1.1) | (1.3) | (4.4) | (2.5) | (0.7) | (0.2) | (0.3) | (0.4) | (0.9) | (0.6) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (5.4) | 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 | 0 |
| Purchases of Investments | (238.6) | (54.7) | (279.8) | (33.1) | (67.3) | (108.1) | (278.3) | (6.8) | (20.5) | (26.2) | (21.4) | 0 | (3.9) | (14.6) | (6.9) | 0 | (40.1) | (45.3) | 0 | 0 | 0 | (90.8) | 0 | 0 | (5.0) | (50.2) | 0 | (75.2) | (19.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 104.6 | 92.1 | 78.6 | 59.6 | 82.1 | 85 | 19 | 8 | 15 | 18 | 9.8 | 21.9 | 22 | 2 | 0 | 0 | 0 | 35 | 17.5 | 30 | 7.5 | 20 | 20 | 15 | 30.5 | 44.6 | 64.3 | 32.5 | 7.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (82.3) | 0 | (1.8) | 0 | 0 | 0 | 0.0 | (0.2) |
| Investing Cash Flow | (134.0) | 37.2 | (201.3) | 26.4 | 14.8 | (23.1) | (259.4) | 1.2 | (5.5) | (8.2) | (16.9) | 21.9 | 18.1 | (12.7) | (6.9) | (0.1) | (40.1) | (10.3) | 16.4 | 29.9 | 7.5 | (71.0) | 20.0 | 15.0 | 25.4 | (5.7) | 63.8 | (43.8) | (12.7) | (86.6) | (2.5) | (2.5) | (0.2) | (0.3) | (0.4) | (0.9) | (0.7) |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15.6 | 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 |
| Stock Repurchased | 0 | 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 | (0.1) | (0.0) | 0 | (0.0) | (0.2) | (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 |
| Other Financing Activities | 0 | 280.1 | 0 | 0 | 0 | 0.5 | 0 | (217.6) | (12.2) | (4.9) | 66.4 | 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 | 0 | 0 |
| Financing Cash Flow | 739.4 | 4.9 | 274.5 | 0.6 | 0.2 | 39.7 | 0.3 | (2.2) | 217.8 | (4.9) | 154.1 | 0 | 0 | 0 | 96.6 | 0.0 | 0 | 0.1 | 0.2 | 88.9 | 0.4 | 1.2 | (0.2) | 65.6 | 1.1 | 0.9 | 0.1 | 60.7 | 0.6 | (0.5) | (0.7) | 143.5 | (0.2) | 0 | 2.0 | 63.3 | 6.2 |
| Cash Position | |||||||||||||||||||||||||||||||||||||
| Net Change in Cash | 576.6 | (4.9) | 42.7 | 3.1 | (12.7) | (10.9) | (280.5) | (15.6) | 197.4 | (25.0) | 94.6 | 17.1 | 7.8 | (21.5) | 4.2 | (16.9) | (59.9) | (25.9) | 2.5 | 105.7 | (8.9) | (83.5) | 5.4 | 61.4 | 9.9 | (20.4) | 52.4 | 1.9 | (27.1) | (99.5) | (13.8) | 132.0 | (9.9) | (8.5) | (3.8) | 57.8 | 1.5 |
| Cash at Beginning | 51.3 | 56.2 | 13.5 | 10.3 | 22.8 | 33.9 | 314.2 | 329.7 | 132.3 | 157.3 | 62.6 | 23.3 | 15.4 | 36.9 | 54.8 | 71.8 | 131.7 | 157.5 | 155.0 | 49.3 | 59.9 | 143.5 | 138.1 | 76.7 | 66.9 | 87.3 | 34.9 | 33.0 | 60.1 | 159.7 | 173.4 | 41.5 | 51.4 | 60.0 | 63.8 | 6.0 | 4.5 |
| Cash at End | 627.8 | 51.3 | 56.2 | 13.5 | 10.1 | 23.0 | 33.7 | 314.2 | 329.7 | 132.4 | 157.3 | 40.4 | 23.3 | 15.4 | 59.0 | 54.8 | 71.8 | 131.7 | 157.5 | 155.0 | 51.1 | 59.9 | 143.5 | 138.1 | 76.7 | 66.9 | 87.3 | 34.9 | 33.0 | 60.1 | 159.7 | 173.4 | 41.5 | 51.4 | 60.0 | 63.8 | 6.0 |
| Free Cash Flow | (28.9) | (47.1) | (30.6) | (23.9) | (27.7) | (27.5) | (21.3) | (14.5) | (15.0) | (11.9) | 1.6 | (4.8) | (10.3) | (8.9) | 16.4 | (17.0) | (19.8) | (15.7) | (15.2) | (13.1) | (16.8) | (13.9) | (14.4) | (19.2) | (16.8) | (15.8) | (12.0) | (16.2) | (16.2) | (17.0) | (13.0) | (9.8) | (9.8) | (8.5) | (5.8) | (5.5) | (4.6) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 0.5 | 0.3 | 0.4 | 0.2 | 1.2 | 1.3 | 2.2 | 1.9 | 0.9 | 0.5 | 0.9 | 1.0 | 0.5 | 1.2 | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0.4 | 0.3 | 0.4 | 0.2 | 1.2 | 1.3 | 2.2 | 1.9 | 0.9 | 0.5 | 0.9 | 0.9 | 0.5 | 1.1 | 1.2 | (1.2) | (1.2) | (0.5) | (0.5) | (0.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | (46.5) | (69.5) | (40.3) | (34.9) | (33.2) | (31.9) | (29.9) | (22.2) | (17.8) | (13.0) | (15.8) | (11.8) | (7.7) | (10.7) | (8.3) | (18.1) | (23.8) | (20.1) | (18.2) | (17.6) | (18.7) | (19.1) | (18.4) | (20.0) | (21.2) | (24.6) | (22.6) | (19.3) | (16.4) | (17.9) | (16.7) | (14.0) | (11.3) | (8.2) | (7.0) | (15.7) | (4.8) |
| Net Income | (40.8) | 97.9 | (36.8) | (31.6) | (29.5) | (28.4) | (25.2) | (17.6) | (13.7) | (10.6) | (14.8) | (11.1) | (7.1) | (10.1) | (7.8) | (17.3) | (22.9) | (19.3) | (17.4) | (16.9) | (17.5) | (18.2) | (17.7) | (19.1) | (20.0) | (23.2) | (21.0) | (17.7) | (14.8) | (16.7) | (16.0) | (13.7) | (11.2) | (8.0) | (6.9) | (15.7) | (4.8) |
| EPS (Diluted) | -0.85 | 2.59 | -0.97 | -0.88 | -0.82 | -0.81 | -0.74 | -0.51 | -0.54 | -2.33 | -3.78 | -0.87 | -7.70 | -2.67 | -2.10 | -4.70 | -6.25 | -5.25 | -4.76 | -5.04 | -5.76 | -5.99 | -5.86 | -7.71 | -8.13 | -9.52 | -8.65 | -7.73 | -7.10 | -8.04 | -7.77 | -6.39 | -5.05 | -3.74 | -3.13 | -7.12 | -2.18 |
| Balance Sheet | |||||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 627.7 | 51.1 | 56.0 | 13.2 | 10.1 | 22.8 | 33.7 | 314.2 | 329.7 | 132.3 | 157.3 | 62.6 | 50.3 | 15.4 | 59.0 | 54.8 | 71.8 | 131.7 | 157.5 | 155.0 | 49.3 | 58.2 | 141.7 | 136.3 | 74.9 | 65.1 | 85.5 | 33.1 | 31.2 | 58.3 | 159.7 | 173.4 | 41.5 | 51.6 | |||
| Total Assets | 1,246.9 | 530.9 | 577.4 | 326.1 | 348.6 | 374.0 | 354.2 | 369.0 | 382.5 | 179.4 | 192.5 | 78.6 | 83.4 | 83.1 | 164.1 | 175.1 | 194.4 | 189.9 | 206.2 | 220.4 | 144.6 | 161.6 | 174.6 | 190.7 | 144.4 | 161.5 | 177.2 | 195.4 | 147.7 | 157.3 | 172.8 | 180.6 | 46.1 | 54.5 | |||
| Total Debt | 1.4 | 1.4 | 1.3 | 1.3 | 1.4 | 1.5 | 0.3 | 0.4 | 0.5 | 0.6 | 0.7 | 0 | 0 | 0.8 | 30.8 | 31.6 | 32.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Stockholders' Equity | 1,201.3 | 493.4 | 546.5 | 303.1 | 328.6 | 352.5 | 337.9 | 358.2 | 372.7 | 168.9 | 178.4 | 74.6 | 77.5 | 73.7 | 124.0 | 135.7 | 151.2 | 172.7 | 189.7 | 202.9 | 129.1 | 143.9 | 158.6 | 173.9 | 125.4 | 141.2 | 161.5 | 179.6 | 134.0 | 145.6 | 159.8 | 172.2 | 40.6 | 50.3 | |||
| Cash Flow | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (28.9) | (47.0) | (30.6) | (23.9) | (27.6) | (27.4) | (21.3) | (14.5) | (14.9) | (11.9) | 1.5 | (4.7) | (10.3) | (8.9) | 16.4 | (16.9) | (19.7) | (15.7) | (14.1) | (13) | (16.8) | (13.7) | (14.4) | (19.2) | (16.7) | (15.6) | (11.5) | (15.0) | (14.9) | (12.6) | (10.5) | (9.1) | (9.6) | (8.2) | (5.4) | (4.6) | (4.0) |
| Capital Expenditure | (0.0) | (0.1) | (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) | (0.0) | (1.1) | (0.1) | (0.0) | (0.2) | (0.0) | (0.0) | (0.1) | (0.2) | (0.5) | (1.1) | (1.3) | (4.4) | (2.5) | (0.7) | (0.2) | (0.3) | (0.4) | (0.9) | (0.6) |
| Free Cash Flow | (28.9) | (47.1) | (30.6) | (23.9) | (27.7) | (27.5) | (21.3) | (14.5) | (15.0) | (11.9) | 1.6 | (4.8) | (10.3) | (8.9) | 16.4 | (17.0) | (19.8) | (15.7) | (15.2) | (13.1) | (16.8) | (13.9) | (14.4) | (19.2) | (16.8) | (15.8) | (12.0) | (16.2) | (16.2) | (17.0) | (13.0) | (9.8) | (9.8) | (8.5) | (5.8) | (5.5) | (4.6) |