FDMT - 4D Molecular Therapeutics, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$32.00
DETAILS
HIGH:
$32.00
LOW:
$32.00
MEDIAN:
$32.00
CONSENSUS:
$32.00
UPSIDE:
118.13%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Revenue | 3.8 | 3.0 | 85.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | 20.2 | 0.2 | 0.3 | 1.2 | 0.5 | 0.2 | 1.2 | 0.1 | 1.4 | 14.6 | 2 | (1.0) | 7.4 | 3.6 | 3.5 | 2.0 | 0.5 | 2.2 | 2.2 | 4.5 | 4.5 | 2.5 | 2.5 |
| Cost of Revenue | 2.1 | 2.1 | 2.0 | 47.2 | 48.0 | 40.7 | 1.8 | 38.5 | 31.9 | 27.9 | 26.0 | 25.1 | 23.6 | 22.4 | 21.5 | 18.9 | 20.4 | 19.4 | 17.5 | 15.8 | 15.2 | 12.8 | 12.6 | 11.6 | 15.7 | 13.2 | 12.4 | 9.4 | 8.5 | 8.5 | 5.1 | 5.1 | 4.1 | 4.1 |
| Gross Profit | 1.7 | 1.0 | 83.1 | (47.1) | (47.9) | (40.7) | (1.8) | (38.5) | (31.9) | (27.8) | (26.0) | (4.9) | (23.3) | (22.1) | (20.3) | (18.4) | (20.3) | (18.2) | (17.4) | (14.5) | (0.6) | (10.8) | (13.6) | (4.1) | (12.1) | (9.6) | (10.3) | (8.8) | (6.3) | (6.3) | (0.5) | (0.5) | (1.6) | (1.6) |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| R&D Expenses | 68.3 | 65.0 | 57.6 | 49.4 | 48.0 | 40.7 | 43.1 | 38.5 | 31.9 | 27.9 | 26.0 | 25.1 | 23.6 | 22.4 | 21.5 | 18.9 | 20.4 | 19.4 | 17.5 | 15.8 | 15.2 | 12.8 | 12.6 | 11.6 | 15.7 | 13.2 | 12.4 | 9.4 | 8.5 | 8.5 | 5.1 | 5.1 | 4.1 | 4.1 |
| SG&A Expenses | 12.5 | 11.7 | 12.8 | 11.8 | 11.5 | 12.9 | 14.6 | 12.7 | 10.6 | 10.3 | 10.6 | 9.1 | 8.8 | 8.0 | 8.5 | 8.1 | 8.2 | 8.2 | 7.3 | 8.2 | 7.0 | 5.5 | 6.8 | 3.7 | 3.1 | 3.7 | 6.0 | 3.1 | 2.4 | 2.4 | 2.0 | 2.0 | 1.1 | 1.1 |
| Other Expenses | (2.1) | (2.1) | (2.0) | (47.2) | (48.0) | (40.7) | (3.4) | (38.5) | (31.9) | (27.9) | (26.0) | (25.1) | (23.6) | (22.4) | (21.5) | (18.9) | (20.4) | (19.4) | (17.5) | (15.8) | (15.2) | (12.8) | (12.6) | (11.6) | (15.7) | (13.2) | (0.0) | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 78.7 | 74.6 | 68.4 | 14.0 | 11.5 | 12.9 | 54.3 | 12.7 | 10.6 | 10.3 | 10.6 | 9.1 | 8.8 | 8.0 | 8.5 | 8.1 | 8.2 | 8.2 | 7.3 | 8.2 | 7.0 | 5.5 | 6.8 | 3.7 | 3.1 | 3.7 | 18.3 | 12.4 | 2.4 | 2.4 | 2.0 | 2.0 | 1.1 | 1.1 |
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (77.0) | (73.6) | 14.7 | (61.2) | (59.5) | (53.6) | (56.1) | (51.1) | (42.5) | (38.1) | (36.7) | (14.0) | (32.1) | (30.1) | (28.7) | (26.5) | (28.4) | (26.4) | (24.8) | (22.7) | (7.6) | (16.3) | (20.4) | (7.8) | (15.1) | (13.3) | (16.3) | (17.0) | (8.7) | (8.7) | (2.5) | (2.5) | (2.7) | (2.7) |
| Interest Expense | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 4.3 | 4.9 | 4.7 | 4.3 | 4.9 | 5.6 | 6.5 | 7.3 | 7.5 | 5.7 | 4.4 | 3.9 | 2.5 | 1.4 | 1.3 | 0.8 | 0.3 | 0.1 | 0 | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.3 | 0.5 | 0.5 | 0.4 | 0.4 | 0.1 | 0.1 |
| Profitability | ||||||||||||||||||||||||||||||||||
| EBITDA | (74.9) | (66.7) | 12.4 | (55.6) | (53.5) | (46.2) | (47.9) | (42.1) | (33.8) | (31.2) | (31.2) | (9.3) | (28.5) | (27.7) | (26.4) | (25.2) | (27.6) | (25.9) | (24.4) | (21.9) | (7.2) | (15.9) | (20.1) | (7.4) | (14.8) | (12.9) | (16.0) | (11.6) | (8.5) | (8.5) | (2.4) | (2.4) | (2.5) | (2.5) |
| EBIT | (76.9) | (68.8) | 10.4 | (56.9) | (54.7) | (48.0) | (49.7) | (43.8) | (35.0) | (32.4) | (32.3) | (10.3) | (29.6) | (28.7) | (27.4) | (25.7) | (28.1) | (26.3) | (24.8) | (22.2) | (7.6) | (16.3) | (20.4) | (7.8) | (15.1) | (13.3) | (16.3) | (11.9) | (8.7) | (8.7) | (2.5) | (2.5) | (2.7) | (2.7) |
| Income Before Tax | (72.9) | (68.8) | 19.4 | (56.9) | (54.7) | (48.0) | (49.7) | (43.8) | (35.0) | (32.4) | (32.3) | (10.3) | (29.6) | (28.7) | (27.4) | (25.7) | (28.1) | (26.3) | (25.1) | (22.2) | (7.6) | (16.4) | (20.5) | (7.8) | (15.2) | (13.2) | (16.1) | (16.7) | (8.3) | (8.3) | (2.2) | (2.2) | (2.6) | (2.6) |
| 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 |
| Net Income | (72.9) | (68.8) | 19.4 | (56.9) | (54.7) | (48.0) | (49.7) | (43.8) | (35.0) | (32.4) | (32.3) | (10.3) | (29.6) | (28.7) | (27.4) | (25.7) | (28.1) | (26.3) | (25.1) | (22.2) | (7.6) | (16.4) | (20.5) | (7.8) | (15.2) | (13.2) | (16.1) | (16.7) | (8.3) | (8.3) | (2.2) | (2.2) | (2.6) | (2.6) |
| Per Share Data | ||||||||||||||||||||||||||||||||||
| EPS (Basic) | -1.04 | -1.01 | 0.34 | -1.01 | -0.98 | -0.86 | -0.90 | -0.79 | -0.63 | -0.66 | -0.83 | -0.24 | -0.77 | -0.83 | -0.84 | -0.74 | -0.85 | -0.81 | -0.93 | -0.82 | -0.28 | -0.61 | -0.77 | -0.36 | -1.02 | -0.89 | -1.09 | -1.12 | -1.61 | -1.61 | -0.43 | -0.43 | -0.52 | -0.52 |
| EPS (Diluted) | -1.04 | -1.01 | 0.34 | -1.01 | -0.98 | -0.86 | -0.90 | -0.79 | -0.63 | -0.66 | -0.83 | -0.24 | -0.77 | -0.83 | -0.84 | -0.74 | -0.85 | -0.81 | -0.93 | -0.82 | -0.28 | -0.61 | -0.77 | -0.36 | -1.02 | -0.89 | -1.09 | -1.12 | -1.61 | -1.61 | -0.43 | -0.43 | -0.52 | -0.52 |
| Shares Outstanding | 70.3 | 68.1 | 57.9 | 56.1 | 55.9 | 55.7 | 53.9 | 55.6 | 55.3 | 49.3 | 39.1 | 42.3 | 38.3 | 32.7 | 32.5 | 32.4 | 32.3 | 32.2 | 27.0 | 27.0 | 26.7 | 26.7 | 26.7 | 21.6 | 14.8 | 14.8 | 14.8 | 14.8 | 5.1 | 5.1 | 5.1 | 5.1 | 5.0 | 5.0 |
| 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 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 70.4 | 72.5 | 60.2 | 48.6 | 77.2 | 133.5 | 149.3 | 187.5 | 189.1 | 275.6 | 249.1 | 275.7 | 236.3 | 78.6 | 52.4 | 108.3 | 113.5 | 76.0 | 153.0 | 91.0 | 243.7 | 259.9 | 276.7 | 88.8 | 49.7 | 49.7 | (72.9) | 72.9 | 72.9 | 91.8 | 91.8 | (23.9) |
| Short-Term Investments | 291.0 | 318.4 | 342.4 | 256.5 | 216.1 | 187.9 | 275.5 | 314.4 | 352.9 | 250.3 | 39.1 | 44.0 | 74.0 | 121.9 | 161.2 | 119.4 | 127.6 | 160.2 | 94.8 | 70.7 | 0 | 0 | 0 | 0 | 0 | 0 | 145.7 | 0 | 0 | 0 | 0 | 47.7 |
| Net Receivables | 4.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.8 | 1.2 | 1.0 | 1.5 | 0.9 | 0 | 1.0 | 0 | 1.2 | 1.2 | 1.1 | 1.1 | 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 |
| Other Current Assets | 17.0 | 14.5 | 10.5 | 7.3 | 10.1 | 11.1 | 10.1 | 8.9 | 10.7 | 9.7 | 8.4 | 8.6 | 7.4 | 6.6 | 7.0 | 0 | 0 | 0 | 0 | 3.3 | 3.8 | 0 | 0 | 1.5 | (49.7) | 0 | 0 | 0 | 0 | 0 | 0.4 | 0 |
| Total Current Assets | 383.0 | 405.4 | 413.1 | 312.4 | 303.3 | 332.6 | 434.9 | 510.8 | 552.6 | 535.6 | 296.6 | 328.2 | 317.8 | 207.0 | 220.5 | 232.5 | 246.5 | 243.0 | 256.3 | 165.7 | 248.8 | 264.5 | 282.7 | 92.5 | 0 | 52.5 | 72.9 | 75.4 | 75.4 | 94.1 | 94.1 | 23.9 |
| Non-Current Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 28.9 | 30.9 | 33.0 | 35.1 | 37.2 | 39.1 | 40.6 | 41.6 | 29.4 | 30.6 | 31.7 | 32.7 | 33.6 | 34.3 | 35.3 | 35.5 | 34.9 | 32.6 | 29.0 | 8.8 | 5.6 | 5.0 | 5.1 | 5.0 | 0 | 5.0 | 0 | 4.0 | 4.0 | 2.5 | 2.5 | 0 |
| 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 |
| 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 |
| Long-Term Investments | 69.3 | 66.7 | 111.4 | 67.2 | 123.8 | 137.0 | 80.6 | 48.8 | 35.7 | 62.9 | 11.0 | 0 | 0 | 1.4 | 4.9 | 11.1 | 20.5 | 48.4 | 67.7 | 65.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 11.4 | 9.9 | 9.2 | 9.4 | 9.4 | 7.0 | 4.3 | 2.9 | 2.3 | 0.8 | 0.7 | 0.7 | 1.1 | 1.3 | 1.1 | 1.1 | 1.0 | 0.9 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | 0 | 0.7 | (72.9) | 1.0 | 1.0 | 0.4 | 0.4 | (23.9) |
| Total Non-Current Assets | 109.7 | 107.5 | 153.6 | 111.6 | 170.3 | 183.2 | 125.5 | 93.3 | 67.5 | 94.3 | 43.3 | 33.4 | 34.7 | 37.0 | 41.3 | 47.7 | 56.4 | 81.9 | 97.2 | 74.9 | 6.2 | 5.6 | 5.7 | 5.7 | 0 | 5.7 | (72.9) | 5.1 | 5.1 | 2.9 | 2.9 | (23.9) |
| Total Assets | 492.6 | 512.9 | 566.7 | 424.0 | 473.6 | 515.7 | 560.4 | 604.0 | 620.1 | 629.9 | 339.9 | 361.6 | 352.5 | 244.0 | 261.8 | 280.2 | 302.9 | 324.9 | 353.5 | 240.6 | 254.9 | 270.1 | 288.3 | 98.2 | 0 | 58.2 | 0 | 80.5 | 80.5 | 97.0 | 97.0 | 0 |
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Account Payables | 12.5 | 14.7 | 11.2 | 6.9 | 8.7 | 4.2 | 4.4 | 2.9 | 3.4 | 4.2 | 3.5 | 4.7 | 3.5 | 2.4 | 3.3 | 1.5 | 3.3 | 2.7 | 4.8 | 3.7 | 2.0 | 1.3 | 1.8 | 1.3 | 0 | 1.7 | 0 | 1.1 | 1.1 | 1.0 | 1.0 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0.4 | 0.4 | 0.4 | 0.4 | 1.1 | 0.9 | 0.3 | 0.0 | 0 | 0 | 0.3 | 0.1 | 0.6 | 0.8 | 0.9 | 2.2 | 2.3 | 2.1 | 2.6 | 1.7 | 3.0 | 7.1 | 6.6 | 0 | 0 | 5.9 | 0 | 4.2 | 0 | 4.9 | 0 | 0 |
| Other Current Liabilities | 29.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.3 | 0 | 3.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.2 | 2.5 | 0 | 0 | 5.6 | 0 | 0 | 0 | 0.2 | 4.4 | 0 | 4.9 | 0 |
| Total Current Liabilities | 47.7 | 43.4 | 44.0 | 37.1 | 34.7 | 26.9 | 29.1 | 29.5 | 19.4 | 16.4 | 19.0 | 18.2 | 13.7 | 11.3 | 15.7 | 13.6 | 14.3 | 12.1 | 16.3 | 11.4 | 9.9 | 13.9 | 16.7 | 14.3 | 0 | 13.0 | 0 | 8.6 | 8.6 | 8.1 | 8.1 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | 19.6 | 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 |
| 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 |
| Other Non-Current Liabilities | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.4 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 2.1 | 2.1 | 2.1 | 2.0 | 13.8 | (30.0) | 104.6 | 0 | 103.4 | 0 | 103.4 | 0 | 0 |
| Total Non-Current Liabilities | 37.3 | 17.7 | 17.1 | 17.9 | 18.1 | 19.1 | 20.6 | 21.6 | 12.4 | 12.9 | 13.1 | 13.5 | 13.6 | 14.1 | 14.8 | 15.2 | 16.1 | 16.8 | 18.0 | 5.1 | 4.4 | 13.8 | 15.2 | 13.8 | (30.0) | 118.2 | 0 | 114.2 | 0 | 116.5 | 0 | 0 |
| Total Liabilities | 85.0 | 61.1 | 61.0 | 55.0 | 52.7 | 46.0 | 49.8 | 51.1 | 31.8 | 29.3 | 32.1 | 31.7 | 27.4 | 25.4 | 30.5 | 28.7 | 30.4 | 28.9 | 34.4 | 16.5 | 14.3 | 27.7 | 31.9 | 28.0 | (30.0) | 131.2 | 0 | 122.8 | 8.6 | 124.6 | 8.1 | 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0.0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 |
| Retained Earnings | (858) | (785.1) | (716.3) | (735.7) | (678.8) | (624.2) | (576.2) | (526.5) | (482.7) | (447.7) | (415.3) | (383.0) | (372.8) | (343.2) | (314.5) | (287.1) | (261.4) | (233.3) | (207.0) | (181.9) | (159.7) | (152.1) | (135.7) | (115.1) | 0 | (79.0) | 0 | (46.2) | (46.2) | (30.0) | (30.0) | 0 |
| Accumulated Other Comprehensive Income | (0.4) | (0.2) | 0.7 | 0.7 | 0.3 | 0.3 | 0.2 | 1.1 | (0.3) | (0.1) | 0.0 | 0.5 | 0.3 | (0.3) | (1.2) | (1.9) | (1.8) | (1.4) | (0.4) | (0.2) | 0 | 0 | 0 | 0 | (73.0) | (103.0) | (42.3) | (103.0) | 0 | (103.0) | 0 | (19.6) |
| Total Stockholders' Equity | 407.7 | 451.8 | 505.7 | 369.0 | 420.9 | 469.7 | 510.6 | 552.9 | 588.3 | 600.6 | 307.8 | 329.9 | 325.1 | 218.6 | 231.3 | 251.4 | 272.5 | 296.1 | 319.1 | 224.1 | 240.6 | 242.4 | 256.4 | 70.2 | 30.0 | (73.0) | 60.7 | (42.3) | 60.7 | (27.6) | 75.4 | (1.1) |
| Total Liabilities & Equity | 492.6 | 512.9 | 566.7 | 424.0 | 473.6 | 515.7 | 560.4 | 604.0 | 620.1 | 629.9 | 339.9 | 361.6 | 352.5 | 244.0 | 261.8 | 280.2 | 302.9 | 324.9 | 353.5 | 240.6 | 254.9 | 270.1 | 288.3 | 98.2 | 0 | 58.2 | 60.7 | 80.5 | 69.3 | 97.0 | 83.4 | (1.1) |
| Debt Metrics | ||||||||||||||||||||||||||||||||
| Total Debt | 39.2 | 20.5 | 21.4 | 22.3 | 23.1 | 23.9 | 24.6 | 24.8 | 13.7 | 14.2 | 14.7 | 15.2 | 15.6 | 15.7 | 16.1 | 16.6 | 17.0 | 16.8 | 16.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | (31.2) | (52.0) | (38.8) | (26.3) | (54.1) | (109.7) | (124.7) | (162.7) | (175.4) | (261.4) | (234.4) | (260.5) | (220.7) | (62.9) | (36.2) | (91.7) | (96.5) | (59.2) | (136.6) | (91.0) | (243.7) | (259.9) | (276.7) | (88.8) | (49.7) | (49.7) | 72.9 | (72.9) | (72.9) | (91.8) | (91.8) | 23.9 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | (72.9) | (68.8) | 19.4 | (56.9) | (54.7) | (48.0) | (49.7) | (43.8) | (35.0) | (32.4) | (32.3) | (10.3) | (29.6) | (28.7) | (27.4) | (25.7) | (28.1) | (26.3) | (25.1) | (22.2) | (7.6) | (16.4) | (20.5) | (7.8) | (15.2) | (13.2) | (16.1) | (16.7) | (8.3) | (8.3) | (2.2) | (2.2) | (2.6) | (2.6) |
| Depreciation & Amortization | 0.5 | 2.1 | 2.0 | 2.0 | 1.9 | 1.8 | 1.8 | 1.7 | 1.6 | 1.6 | 1.5 | 1.4 | 1.4 | 1.4 | 1.4 | 0.9 | 0.8 | 0.8 | 1.9 | 0.8 | 0.7 | 0.7 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Stock-Based Compensation | 5.9 | 4.5 | 5.6 | 4.5 | 5.0 | 7.0 | 7.6 | 6.5 | 6.1 | 6.0 | 5.9 | 4.6 | 5.0 | 4.2 | 4.3 | 4.5 | 4.3 | 3.9 | 3.7 | 3.9 | 3.8 | 2.3 | 1.7 | 1.1 | 1.0 | 1.1 | 1.0 | 1.1 | 0.7 | 0.7 | 0.5 | 0.5 | 0.2 | 0.2 |
| Change in Working Capital | (3.6) | (4.8) | 2.8 | 5.0 | 5.6 | (7.2) | (3.7) | 8.5 | (0.7) | (3.5) | 0.7 | 3.1 | 1.4 | (4.5) | (0.4) | (1.0) | 2.5 | (2.5) | (3.1) | 1.8 | (13.2) | (2.2) | 0.9 | (2.8) | 7.6 | (2.1) | 3.4 | (0.6) | 0.0 | 0.0 | 0.3 | 0.3 | (0.6) | (0.6) |
| Other Non-Cash Items | 0.1 | (1.1) | (1.1) | (1.1) | (1.2) | (1.4) | (1.8) | (2.2) | (2.3) | (0.7) | 0.2 | 0.0 | (0.2) | (0.4) | (0.2) | 0.3 | 0.5 | 0.6 | 0.7 | 0.0 | 0.0 | 0.1 | 0.1 | (4.3) | (0.0) | 0.0 | 2.7 | 5.1 | (1.3) | (1.3) | (3.7) | (3.7) | (0.4) | (0.4) |
| Operating Cash Flow | (70.0) | (68.1) | 28.6 | (46.5) | (43.4) | (47.8) | (45.9) | (29.4) | (30.2) | (29.1) | (24.6) | (1.2) | (22.1) | (27.9) | (22.2) | (21.0) | (19.9) | (23.6) | (21.8) | (15.7) | (16.2) | (15.4) | (17.5) | (13.4) | (6.2) | (13.9) | (8.7) | (10.9) | (8.6) | (8.6) | (4.9) | (4.9) | (3.2) | (3.2) |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditure | (0.1) | 0 | (0.6) | 0.1 | (0.1) | (0.6) | (0.9) | (1.8) | (0.3) | (0.7) | (0.5) | (0.4) | (0.8) | (1.0) | (1.1) | (2.0) | (2.1) | (6.4) | (5.1) | (2.6) | (0.7) | (0.6) | (0.5) | 0.3 | (0.1) | (0.7) | (0.5) | (1.1) | (0.8) | (0.8) | (0.2) | (0.2) | (0.0) | (0.0) |
| Acquisitions | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49.1 | 0 | (50.1) | 1.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (62.0) | (33.5) | (178.1) | (15.2) | (115.4) | (134.1) | (57.8) | (35.8) | (96.8) | (277.3) | (34.6) | 0 | (5.4) | (14.7) | 100.5 | (187.9) | (6.2) | (59.7) | (32.2) | (136.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 87.6 | 102.4 | 49.2 | 32.9 | 101.6 | 166.7 | 65.8 | 64.9 | 23.6 | 14.8 | 28.5 | 30.4 | 55.5 | 58.9 | (135.2) | 205.3 | 65.7 | 12.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (0.0) | (0.0) | 0.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (49.1) | 0 | 50.1 | (1.0) | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 25.5 | 68.9 | (128.8) | 17.8 | (13.9) | 31.9 | 7.1 | 27.3 | (73.5) | (263.3) | (6.7) | 30.0 | 49.3 | 43.1 | (35.8) | 15.4 | 57.5 | (54.1) | (32.3) | (139.0) | (0.7) | (0.6) | (0.5) | 0.3 | (0.1) | (0.7) | (0.5) | (1.1) | (0.8) | (0.8) | (0.2) | (0.2) | (0.0) | (0.0) |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 19.3 | 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 |
| 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 |
| 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 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 1.6 | 3.1 | 4.8 | 1.6 | 0.8 | 1.3 | 0 | 0 | 0 | 0 | 116.1 | 0 | 0 | (0.8) | 0.9 | 0.9 | 72.5 | 0 | (0.7) | (1.5) | (0.0) | (0.0) | 42.3 | 42.3 | 0.0 | 0.0 |
| Financing Cash Flow | 42.3 | 11.5 | 112.0 | 0.1 | 0.9 | 0 | 0.6 | 0.6 | 17.2 | 318.8 | 4.8 | 10.6 | 130.5 | 11.0 | 2.0 | 0.5 | (0.1) | 0.6 | 116.1 | 2.0 | 0.8 | (0.8) | 206.0 | 0.9 | 72.5 | (0.4) | (0.7) | (1.5) | (0.0) | (0.0) | 42.3 | 42.3 | 0.0 | 0.0 |
| Cash Position | ||||||||||||||||||||||||||||||||||
| Net Change in Cash | (2.1) | 12.2 | 11.7 | (28.6) | (63.8) | (15.8) | (38.2) | (1.5) | (86.5) | 26.5 | (26.6) | 39.4 | 157.7 | 26.2 | (55.9) | (5.2) | 37.5 | (77.0) | 62.0 | (152.8) | (16.1) | (16.9) | 188.0 | (12.1) | 66.2 | (49.7) | (9.8) | (13.4) | (9.4) | (9.4) | 37.2 | 37.2 | (3.2) | (3.2) |
| Cash at Beginning | 72.5 | 60.2 | 48.6 | 77.2 | 133.5 | 149.3 | 187.5 | 189.1 | 275.6 | 249.1 | 275.7 | 236.3 | 78.6 | 52.4 | 108.3 | 113.5 | 76.0 | 153.0 | 91.0 | 243.7 | 259.9 | 276.7 | 88.8 | 100.9 | 34.7 | 49.7 | 59.5 | 72.9 | 0 | 0 | 0 | 17.4 | 20.6 | 0 |
| Cash at End | 70.4 | 72.5 | 60.2 | 48.6 | 69.7 | 133.5 | 149.3 | 187.5 | 189.1 | 275.6 | 249.1 | 275.7 | 236.3 | 78.6 | 52.4 | 108.3 | 113.5 | 76.0 | 153.0 | 91.0 | 243.7 | 259.9 | 276.7 | 88.8 | 100.9 | 0 | 49.7 | 59.5 | (9.4) | (9.4) | 37.2 | 54.6 | 17.4 | (3.2) |
| Free Cash Flow | (70.1) | (68.1) | 27.9 | (46.4) | (43.4) | (48.4) | (46.8) | (31.2) | (30.6) | (29.8) | (25.2) | (1.6) | (22.9) | (28.9) | (23.3) | (23.0) | (22.0) | (30.0) | (26.9) | (18.4) | (16.9) | (16.0) | (18.0) | (13.0) | (6.3) | (14.6) | (9.2) | (11.9) | (9.4) | (9.4) | (5.1) | (5.1) | (3.2) | (3.2) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||||
| Revenue | 3.8 | 3.0 | 85.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | 20.2 | 0.2 | 0.3 | 1.2 | 0.5 | 0.2 | 1.2 | 0.1 | 1.4 | 14.6 | 2 | (1.0) | 7.4 | 3.6 | 3.5 | 2.0 | 0.5 | 2.2 | 2.2 | 4.5 | 4.5 | 2.5 | 2.5 |
| Gross Profit | 1.7 | 1.0 | 83.1 | (47.1) | (47.9) | (40.7) | (1.8) | (38.5) | (31.9) | (27.8) | (26.0) | (4.9) | (23.3) | (22.1) | (20.3) | (18.4) | (20.3) | (18.2) | (17.4) | (14.5) | (0.6) | (10.8) | (13.6) | (4.1) | (12.1) | (9.6) | (10.3) | (8.8) | (6.3) | (6.3) | (0.5) | (0.5) | (1.6) | (1.6) |
| Operating Income | (77.0) | (73.6) | 14.7 | (61.2) | (59.5) | (53.6) | (56.1) | (51.1) | (42.5) | (38.1) | (36.7) | (14.0) | (32.1) | (30.1) | (28.7) | (26.5) | (28.4) | (26.4) | (24.8) | (22.7) | (7.6) | (16.3) | (20.4) | (7.8) | (15.1) | (13.3) | (16.3) | (17.0) | (8.7) | (8.7) | (2.5) | (2.5) | (2.7) | (2.7) |
| Net Income | (72.9) | (68.8) | 19.4 | (56.9) | (54.7) | (48.0) | (49.7) | (43.8) | (35.0) | (32.4) | (32.3) | (10.3) | (29.6) | (28.7) | (27.4) | (25.7) | (28.1) | (26.3) | (25.1) | (22.2) | (7.6) | (16.4) | (20.5) | (7.8) | (15.2) | (13.2) | (16.1) | (16.7) | (8.3) | (8.3) | (2.2) | (2.2) | (2.6) | (2.6) |
| EPS (Diluted) | -1.04 | -1.01 | 0.34 | -1.01 | -0.98 | -0.86 | -0.90 | -0.79 | -0.63 | -0.66 | -0.83 | -0.24 | -0.77 | -0.83 | -0.84 | -0.74 | -0.85 | -0.81 | -0.93 | -0.82 | -0.28 | -0.61 | -0.77 | -0.36 | -1.02 | -0.89 | -1.09 | -1.12 | -1.61 | -1.61 | -0.43 | -0.43 | -0.52 | -0.52 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 70.4 | 72.5 | 60.2 | 48.6 | 77.2 | 133.5 | 149.3 | 187.5 | 189.1 | 275.6 | 249.1 | 275.7 | 236.3 | 78.6 | 52.4 | 108.3 | 113.5 | 76.0 | 153.0 | 91.0 | 243.7 | 259.9 | 276.7 | 88.8 | 49.7 | 49.7 | (72.9) | 72.9 | 72.9 | 91.8 | 91.8 | (23.9) | ||
| Total Assets | 492.6 | 512.9 | 566.7 | 424.0 | 473.6 | 515.7 | 560.4 | 604.0 | 620.1 | 629.9 | 339.9 | 361.6 | 352.5 | 244.0 | 261.8 | 280.2 | 302.9 | 324.9 | 353.5 | 240.6 | 254.9 | 270.1 | 288.3 | 98.2 | 0 | 58.2 | 0 | 80.5 | 80.5 | 97.0 | 97.0 | 0 | ||
| Total Debt | 39.2 | 20.5 | 21.4 | 22.3 | 23.1 | 23.9 | 24.6 | 24.8 | 13.7 | 14.2 | 14.7 | 15.2 | 15.6 | 15.7 | 16.1 | 16.6 | 17.0 | 16.8 | 16.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Stockholders' Equity | 407.7 | 451.8 | 505.7 | 369.0 | 420.9 | 469.7 | 510.6 | 552.9 | 588.3 | 600.6 | 307.8 | 329.9 | 325.1 | 218.6 | 231.3 | 251.4 | 272.5 | 296.1 | 319.1 | 224.1 | 240.6 | 242.4 | 256.4 | 70.2 | 30.0 | (73.0) | 60.7 | (42.3) | 60.7 | (27.6) | 75.4 | (1.1) | ||
| Cash Flow | ||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (70.0) | (68.1) | 28.6 | (46.5) | (43.4) | (47.8) | (45.9) | (29.4) | (30.2) | (29.1) | (24.6) | (1.2) | (22.1) | (27.9) | (22.2) | (21.0) | (19.9) | (23.6) | (21.8) | (15.7) | (16.2) | (15.4) | (17.5) | (13.4) | (6.2) | (13.9) | (8.7) | (10.9) | (8.6) | (8.6) | (4.9) | (4.9) | (3.2) | (3.2) |
| Capital Expenditure | (0.1) | 0 | (0.6) | 0.1 | (0.1) | (0.6) | (0.9) | (1.8) | (0.3) | (0.7) | (0.5) | (0.4) | (0.8) | (1.0) | (1.1) | (2.0) | (2.1) | (6.4) | (5.1) | (2.6) | (0.7) | (0.6) | (0.5) | 0.3 | (0.1) | (0.7) | (0.5) | (1.1) | (0.8) | (0.8) | (0.2) | (0.2) | (0.0) | (0.0) |
| Free Cash Flow | (70.1) | (68.1) | 27.9 | (46.4) | (43.4) | (48.4) | (46.8) | (31.2) | (30.6) | (29.8) | (25.2) | (1.6) | (22.9) | (28.9) | (23.3) | (23.0) | (22.0) | (30.0) | (26.9) | (18.4) | (16.9) | (16.0) | (18.0) | (13.0) | (6.3) | (14.6) | (9.2) | (11.9) | (9.4) | (9.4) | (5.1) | (5.1) | (3.2) | (3.2) |