First Foundation Inc. logo FFWM - First Foundation Inc.

Inactive Ticker FFWM is not actively trading. Quotes and analytics may be stale.
Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
1
BUY 2
HOLD 8
SELL 0
STRONG
SELL
0
| PRICE TARGET: $7.35 DETAILS
HIGH: $12.00
LOW: $5.00
MEDIAN: $6.75
CONSENSUS: $7.35
UPSIDE: 24.58%
Metric 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
Revenue
Revenue 136.3 143.2 125.5 146.3 148.1 32.6 148.5 152.4 144.1 131.8 138.4 132.0 115.0 107.4 98.8 92.8 76.4 90.2 73.1 69.3 67.6 83.6 69.3 70.6 68.2 70.7 68.2 65.6 62.5 64.3 51.7 49.5 49.3 42.5 42.0 37.5 36.0 41.1 29.5 28.7 28.5 24.0 21.4 19.4 19.5 19.1 17.3 16.2 15.3 14.6 15.6 13.5
Cost of Revenue 81.4 153.7 89.4 93.4 121.8 108.3 106.3 112.6 104.3 90.7 97.2 78.7 52.5 21.1 8.3 3.9 6.6 2.4 3.5 5.3 6.0 11.6 14.9 21.5 19.1 19.7 22.7 20.0 16.1 14.3 14.7 10.7 7.6 7.1 6.8 4.4 5.2 4.1 3.9 2.7 3.0 2.2 2.3 1.4 1.3 1.2 1.1 1.2 1.6 1.3 1.5 1.4
Gross Profit 54.9 (10.5) 36.1 52.9 26.2 (75.7) 42.2 39.8 39.7 41.1 41.2 53.3 62.5 86.3 90.4 88.9 69.8 87.8 69.5 64.0 61.6 72.0 54.4 49.1 49.1 51.0 45.5 45.6 46.4 50.0 37.0 38.8 41.7 35.4 35.2 33.1 30.8 37.0 25.6 25.9 25.5 21.8 19.1 17.9 18.1 17.9 16.2 15.1 13.7 13.3 14.0 12.1
Operating Expenses
R&D 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
SG&A Expenses 33.9 23.7 22.9 25.1 25.4 20.0 19.1 19.4 18.4 19.6 21.0 25.3 23.2 29.5 27.6 29.8 22.9 23.2 20.2 21.5 17.8 17.9 18.3 19.9 16.5 17.2 17.3 18.9 16.1 17.6 16.6 17.2 13.7 14.1 14.0 14.8 11.9 12.1 11.9 12.7 11.0 10.9 9.4 9.2 8.3 8.8 8.0 8.5 7.3 7.2 7.0 7.3
Other Expenses 29.0 24.7 24.1 21.6 23.8 21.3 20.4 20.5 21.1 19.9 232.7 17.3 18.4 17.3 16.6 16.0 14.5 12.6 13.1 11.2 11.8 11.0 11.0 10.6 10.9 9.6 10.7 10.7 10.4 11.5 13.5 9.0 15.0 7.0 6.9 9.3 8.3 9.5 7.9 6.7 6.2 6.1 4.6 4.2 4.7 4.3 5.8 4.1 3.9 3.8 4.0 3.1
Operating Expenses 62.9 48.4 46.9 46.7 49.2 41.3 39.5 39.9 39.5 39.5 253.8 42.6 41.6 46.8 44.2 45.8 37.4 35.9 33.3 32.7 29.6 28.9 29.3 30.5 27.4 26.8 28.0 29.6 26.5 29.1 30.2 26.2 28.7 21.2 20.9 24.0 20.2 21.5 19.9 19.4 17.2 17.0 14.0 13.4 13.0 13.1 13.9 12.5 11.3 10.9 11.0 10.4
Operating Income
Operating Income (8.0) (58.9) (10.9) 6.3 (23.0) (117.0) 2.7 (0.1) 0.2 1.6 (212.6) 10.7 20.9 39.5 46.2 43.1 32.3 51.9 36.3 31.3 31.9 43.1 25.1 18.6 21.7 24.2 17.5 16.0 19.9 20.9 6.8 12.6 13.0 14.2 14.3 9.1 10.6 15.5 5.7 6.5 8.3 4.8 5.1 4.6 5.2 4.8 2.4 2.5 2.4 2.3 3.0 1.7
Interest Expense 87.9 88.7 87.0 89.9 101.2 108.0 107.1 112.1 104.1 92.7 96.3 78.2 51.3 21.1 8.2 4.7 2.7 2.8 3.5 4.9 6.2 10.1 13.5 17.5 18.4 19.5 21.4 19.5 16.1 14.3 12.2 9.1 6.7 6.4 5.8 4.3 3.4 2.8 2.7 2.3 1.8 1.6 1.6 1.3 1.3 1.2 1.1 0.9 0.9 0.9 0.9 0.8
Interest Income 127.4 134.7 137.1 141.7 152.5 157.2 150.9 150.5 146.6 144.8 145.3 137 126.0 108.7 90.0 79.1 64.7 62.0 61.4 59.1 57.9 61.7 61.9 62.3 62.3 62.6 63.3 60.5 57.4 58.0 48.5 43.3 37.9 34.9 33.7 30.4 28.4 26.0 24.6 21.7 19.2 17.1 15.0 13.2 13.4 12.4 10.9 10.7 10.3 9.5 10.3 9.0
Profitability
EBITDA (8.0) (57.0) (6.9) 8.4 (21.1) (115.1) 4.6 2.2 2.3 3.6 (210.6) 12.8 23.6 41.5 48.3 45.1 34.1 53.5 38.0 33 33.7 44.7 26.7 20.2 23.1 26.4 18.8 17.7 21.5 22.5 8.1 13.8 14.6 15.0 15.1 9.8 11.1 16.0 6.2 6.9 8.7 5.1 5.4 4.9 5.4 5.1 2.7 2.8 2.8 2.6 3.2 1.9
EBIT (8.0) (58.9) (10.9) 6.3 (23.0) (117.0) 2.7 (0.1) 0.2 1.6 (212.6) 10.7 20.9 39.5 46.2 43.1 32.3 51.9 36.3 31.3 31.9 43.1 25.1 18.6 21.7 24.2 17.5 16.0 19.9 20.9 6.8 12.6 13.0 14.2 14.3 9.1 10.6 15.5 5.7 6.5 8.3 4.8 5.1 4.6 5.2 4.8 2.4 2.5 2.4 2.3 3.0 1.7
Income Before Tax (8.0) (58.9) (10.9) 6.3 (23.0) (117.0) 2.7 (0.1) 0.2 1.6 (212.6) 10.7 20.9 39.5 46.2 43.1 32.3 51.9 36.3 31.3 31.9 43.1 25.1 18.6 21.7 24.2 17.5 16.0 19.9 20.9 6.8 12.6 13.0 14.2 14.3 9.1 10.6 15.5 5.7 6.5 8.3 4.8 5.1 4.6 5.2 4.8 2.4 2.5 2.4 2.3 3.0 1.7
Income Tax Expense 0.0 87.4 (3.2) (0.6) (8.8) (34.8) (0.4) (0.9) (2.3) (0.6) (0.3) 2.2 3.6 10.5 12.9 12.3 8.5 14.7 10.2 8.9 9.6 12.2 7.3 5.4 6.5 6.9 5.1 4.8 5.7 6.1 1.7 3.6 10.8 4.6 4.7 3.0 4.1 6.4 1.8 2.7 3.3 2.0 2.2 1.9 2.1 2.1 1.1 1.1 (1.0) 0.9 1.1 0.6
Net Income (8.0) (146.3) (7.7) 6.9 (14.1) (82.2) 3.1 0.8 2.5 2.2 (212.3) 8.5 17.4 29.0 33.3 30.8 23.9 37.2 26.1 22.4 22.4 30.9 17.9 13.2 15.2 17.4 12.4 11.3 14.1 14.7 5.1 9.0 2.3 9.6 9.6 6.1 6.5 9.1 3.9 3.8 5.0 2.8 2.9 2.6 3.0 2.7 1.3 1.5 3.5 1.5 1.9 1.1
Per Share Data
EPS (Basic) -0.10 -1.78 -0.09 0.08 -0.17 -1.23 0.05 0.01 0.05 0.04 -3.76 0.15 0.31 0.51 0.59 0.55 0.51 0.83 0.58 0.50 0.50 0.69 0.40 0.30 0.34 0.39 0.28 0.25 0.32 0.33 0.13 0.23 0.06 0.28 0.29 0.19 0.20 0.30 0.11 0.12 0.16 0.11 0.18 0.17 0.19 0.15 0.06 0.07 0.18 0.07 0.09 0.05
EPS (Diluted) -0.10 -1.78 -0.09 0.08 -0.17 -1.23 0.05 0.01 0.05 0.04 -3.76 0.15 0.31 0.51 0.59 0.55 0.51 0.83 0.58 0.50 0.50 0.69 0.40 0.29 0.34 0.39 0.28 0.25 0.31 0.33 0.12 0.23 0.06 0.27 0.28 0.18 0.19 0.29 0.10 0.12 0.16 0.11 0.18 0.16 0.19 0.15 0.06 0.07 0.18 0.07 0.09 0.05
Shares Outstanding 82.8 82.4 82.4 82.4 82.2 67.0 56.5 56.5 56.5 56.4 56.4 56.4 56.4 56.4 56.5 56.5 46.8 44.8 44.8 44.7 44.6 44.6 44.6 44.7 44.7 44.6 44.6 44.5 44.5 44.4 40.8 38.6 36.9 34.6 33.6 32.8 32.7 32.5 32.3 32.0 31.9 25.2 16.1 15.7 15.7 17.8 19.9 19.9 19.9 19.9 19.9 19.9
Metric 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
Current Assets
Cash & Cash Equivalents 1,624.9 1,727.0 1,055.6 1,013.9 1,016.1 1,106.4 1,421.5 1,588.0 1,326.6 818.5 926.1 1,317.1 656.5 317.8 173.5 931.7 1,121.8 783.4 969.6 468.0 629.7 283.0 414.2 40.4 65.4 268.4 85.0 80.7 67.3 54.9 370.4 177.4 120.4 123.2 128.9 76.0 597.9 496.8 444.5 52.8
Short-Term Investments 2,431.0 1,555.1 1,469.1 1,518.0 1,313.9 1,306.1 1,105.8 797.2 703.2 821.7 200.8 211.3 226.2 227.5 240.3 258.3 1,191.4 891.6 736.7 749.2 807.4 882.9 863.8 961.5 1,015.0 1,042.9 773.8 788.2 809.6 799.9 492.9 513.1 519.4 471.5 483.6 494.0 509.6 542.7 532.2 548.3
Net Receivables 45.8 45.1 50.5 51.1 54.8 53.8 58.3 53.4 54.2 51.3 0 0 51.4 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 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 0
Other Current Assets 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 4,101.7 3,327.2 2,575.3 2,587.0 2,384.8 2,466.3 2,585.6 2,438.7 2,084.0 1,691.5 1,126.8 1,528.5 934.0 545.3 413.8 1,190.0 2,313.1 1,675.0 1,706.4 1,217.2 1,437.1 1,165.9 1,275.6 1,001.8 1,080.4 1,311.4 858.8 868.9 876.9 854.8 863.3 690.4 639.8 594.7 612.6 570.0 1,107.5 1,039.5 976.7 601.1
Non-Current Assets
Property, Plant & Equipment 34.7 35.4 35.9 36.6 35.8 36.6 37.0 40.0 39.9 39.2 36.6 37.5 36.1 36.6 37.2 35.9 37.9 8.1 8.2 7.8 8.0 8.3 8.2 8.6 8.4 8.7 8.8 9.3 9.1 8.9 9.0 6.7 6.6 6.7 7.2 6.9 6.7 5.3 4.8 4.5
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 215.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27.3 0 0 0 0 0 0 0
Intangible Assets 2.4 2.7 2.9 3.2 3.6 3.9 4.2 4.6 4.9 5.3 5.7 0 6.6 0 0 0 222.1 0 0 0 95.3 0 0 0 0 0 0 0 0 0 0 0 6.3 0 0 0 0 0 0 0
Long-Term Investments 7,539.9 8,315.4 8,651.3 9,683.8 9,939.2 10,582.8 10,819.3 10,838.8 10,938.2 11,054.9 11,368.4 11,485.7 11,555.0 11,206.6 10,321.5 8,786.5 7,374.4 5,789.4 5,988.9 5,607.1 5,285.0 5,103.7 5,636.7 5,303.2 5,029.9 4,855.6 5,233.3 4,930.4 4,782.3 4,431.9 4,913.0 4,043.2 3,799.7 3,392.8 3,224.5 3,057.0 2,791.3 2,495.2 2,459.9 2,042.1
Other Non-Current Assets (7,539.9) 229.3 (8,774.2) 201.8 205.2 221.8 231.8 230.6 231.0 227.8 279.8 320.3 243.0 293.9 232.5 221.1 227.8 157.2 131.6 117.9 123.1 101.1 115.5 94.3 87.6 75.4 77.2 81.0 59.3 52.1 62.1 54.6 49.4 39.9 41.8 35.6 50.9 41.2 39.2 29.1
Total Non-Current Assets 37.1 8,582.8 2.9 10,005.5 10,260.4 10,910.3 11,128.8 11,147.6 11,243.2 11,360.1 11,713.7 12,087.7 12,080.2 11,783.6 10,835.4 9,284.8 7,883.1 6,060.0 6,232.8 5,834.6 5,520.0 5,316.0 5,865.7 5,511.9 5,234.1 5,047.0 5,427.2 5,132.4 4,963.5 4,611.5 5,102.7 4,151.8 3,901.4 3,456.3 3,290.7 3,118.0 2,867.9 2,554.2 2,516.2 2,089.1
Total Assets 11,904.1 11,910.0 11,588.4 12,588.4 12,645.3 13,376.6 13,714.4 13,586.3 13,327.2 13,051.6 12,840.6 13,616.2 13,014.2 12,328.9 11,249.2 10,474.8 10,196.2 7,735.1 7,939.1 7,051.8 6,957.2 6,481.9 7,138.3 6,513.7 6,314.4 6,358.3 6,285.9 6,001.2 5,840.4 5,466.3 5,966.0 4,842.2 4,541.2 4,051.1 3,903.2 3,687.9 3,975.4 3,593.7 3,492.9 2,690.2
Current Liabilities
Account Payables 0 0 0 0 0 0 0 0 0 162.5 142.5 136.1 147.3 160.6 113.9 108.7 110.1 110.8 78.3 79.6 79.0 71.2 90.1 65.8 66.4 63.4 73.3 64.3 40.3 0 0 0 24.7 0 0 0 14.3 0 0 0
Short-Term Debt 24.8 22 669 425 431.8 292 316 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35 40 30 0 15 25 20 0 0 0 0
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
Other Current Liabilities 0 9,271.1 7,924.7 9,136.6 9,438.5 10,012.6 10,440.3 10,639.0 10,688.9 10,812.2 10,807.0 10,051.7 10,362.6 9,549.9 9,538.7 8,957.5 8,812.0 6,845.0 7,106.8 6,245.8 5,913.4 5,463.8 5,647.8 5,030.8 4,891.1 5,170.6 4,743.9 4,568.7 4,533.0 4,668.7 4,632.9 3,636.2 3,443.5 3,268.7 3,107.4 2,780.4 2,426.8 2,338.7 2,265.6 1,773.1
Total Current Liabilities 24.8 9,293.1 8,593.7 9,561.6 9,870.3 10,304.6 10,756.3 10,639.0 10,688.9 10,974.7 10,949.5 10,187.8 10,509.9 9,710.4 9,652.6 9,066.3 8,922.0 6,955.7 7,185.1 6,325.4 5,992.4 5,535.0 5,738.0 5,096.6 4,957.6 5,234.0 4,817.2 4,633.0 4,573.2 4,703.7 4,672.9 3,666.2 3,468.2 3,283.7 3,132.4 2,800.4 2,441.1 2,338.7 2,265.6 1,773.1
Non-Current Liabilities
Long-Term Debt 1,604.0 1,595.6 1,842.8 1,847.8 1,598.8 1,864.9 1,890.0 1,878.9 1,582.5 1,157.7 975.5 2,294.6 1,369.9 1,496.5 493.7 326.0 210.1 12.5 20 12 269 269 764.6 794 743 520 882 800 708 197 751 739 678 406 436 582 1,250 951 938 633
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
Other Non-Current Liabilities 9,387.5 103.5 101.2 118.4 122.8 137.3 134.9 139.7 130.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 34.6 24.1 24.9 0 20.9 17.9 13.8 0 16.6 11.8 13.9
Total Non-Current Liabilities 10,991.5 1,699.1 1,944.0 1,966.1 1,721.6 2,002.2 2,024.8 2,018.6 1,713.0 1,157.7 975.5 2,294.6 1,369.9 1,496.5 493.7 326.0 210.1 12.5 20 12 269 269 764.6 794 743 520 882 800 708 231.6 775.1 763.9 678 426.9 453.9 595.8 1,250 967.6 949.8 646.9
Total Liabilities 10,991.5 10,992.1 10,537.7 11,527.8 11,591.9 12,306.8 12,781.2 12,657.5 12,401.9 12,132.4 11,925.0 12,482.4 11,879.8 11,206.9 10,146.3 9,392.2 9,132.2 6,968.2 7,205.1 6,337.4 6,261.4 5,804.0 6,499.6 5,890.6 5,700.6 5,754.0 5,699.2 5,433.0 5,281.2 4,935.3 5,448.0 4,430.1 4,146.2 3,710.6 3,586.3 3,396.1 3,691.1 3,306.4 3,215.4 2,420.0
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 0.1 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 0.0 0.0 0.0
Retained Earnings (30.1) (22.1) 124.2 131.9 125.0 139.1 221.3 218.8 218.6 216.6 215.5 429.0 426.7 415.5 392.7 365.6 341.0 321.2 288.0 266.0 247.6 228.4 200.6 185.9 175.8 162.8 147.7 137.5 128.5 114.3 99.6 94.5 85.5 82.4 72.8 63.2 57.1 50.5 40.9 37.5
Accumulated Other Comprehensive Income 0.6 (1.8) (14.3) (10.2) (8.9) (5.5) (9.9) (11.5) (14.2) (17.8) (19.8) (14.5) (11.9) (13.6) (9.1) (3.9) 2.3 8.8 10.8 14.1 14.1 16.2 5.3 4.8 4.3 8.1 6.1 (1.9) (1.2) (14.6) (12.2) (10.4) (5.1) (2.6) (3.2) (5.7) (5.2) 5.1 6.3 4.1
Total Stockholders' Equity 912.6 917.9 1,050.6 1,060.6 1,053.4 1,069.8 933.2 928.7 925.3 919.2 915.5 1,133.7 1,134.4 1,122.0 1,102.9 1,082.6 1,064.1 766.8 734.0 714.4 695.7 677.9 638.7 623.1 613.9 604.4 586.7 568.2 559.2 531.0 518.0 412.1 395.0 340.5 316.9 291.8 284.3 287.3 277.5 270.2
Total Liabilities & Equity 11,904.1 11,910.0 11,588.4 12,588.4 12,645.3 13,376.6 13,714.4 13,586.3 13,327.2 13,051.6 12,840.6 13,616.2 13,014.2 12,328.9 11,249.2 10,474.8 10,196.2 7,735.1 7,939.1 7,051.8 6,957.2 6,481.9 7,138.3 6,513.7 6,314.4 6,358.3 6,285.9 6,001.2 5,840.4 5,466.3 5,966.0 4,842.2 4,541.2 4,051.1 3,903.2 3,687.9 3,975.4 3,593.7 3,492.9 2,690.2
Debt Metrics
Total Debt 1,604.0 1,595.6 1,842.8 1,847.8 1,598.8 1,864.9 1,890.0 1,878.9 1,582.5 1,157.7 975.5 2,294.6 1,369.9 1,496.5 493.7 326.0 210.1 12.5 20 12 269 269 764.6 794 743 520 882 800 708 232 791 769 678 421 461 602 1,250 951 938 633
Net Debt (20.8) (131.4) 787.2 833.9 582.7 758.5 468.5 290.9 255.8 339.2 49.5 977.5 713.4 1,178.6 320.2 (605.7) (911.6) (770.9) (949.6) (456.0) (360.7) (14.0) 350.4 753.6 677.6 251.6 797.0 719.3 640.7 177.1 420.6 591.6 557.6 297.8 332.1 526.0 652.1 454.2 493.5 580.2
Metric 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 (8.0) (146.3) (7.7) 6.9 (14.1) (82.2) 3.1 0.8 2.5 2.2 (212.3) 8.5 17.4 29.0 33.3 30.8 23.9 37.2 26.1 22.4 22.4 30.9 17.9 13.2 15.2 17.4 12.4 11.3 14.1 14.7 5.1 9.0 2.3 9.6 9.6 6.1 6.5 9.1 3.9 3.8
Depreciation & Amortization 0 1.9 4.0 2.1 1.8 1.9 1.9 2.3 2.0 2.0 2.0 2.1 2.6 2.0 2.1 2.0 1.8 1.6 1.7 1.7 1.8 1.6 1.6 1.6 1.4 2.2 1.3 1.7 1.6 1.7 1.3 1.2 1.6 0.8 0.8 0.7 0.5 0.5 0.5 0.4
Stock-Based Compensation 0 1.0 1.8 1.6 1.1 (0.2) 0.5 0.6 0.5 0.6 0.5 0.0 0.7 0.7 0.8 1.2 0.6 0.6 0.6 1.0 0.4 0.5 0.4 0.8 0.3 0.3 0.3 0.7 0.5 0.5 0.5 1.2 0.9 0.2 0.2 0.4 0.2 0.2 0.2 0.3
Change in Working Capital (13.4) 9.1 (27.6) 5.3 (19.5) 13.1 (9.6) 19.0 (35.9) 25.8 7.5 (4.1) (19.8) (0.9) (6.2) 4.2 (12.1) 8.2 (17.4) 5.4 (16.5) 0.1 6.4 (16.3) (3.7) 9.1 (0.7) (1.1) (6.0) 13.8 (4.8) (2.2) 3.0 0.3 3.9 (2.1) (2.5) 4.6 (2.8) (1.3)
Other Non-Cash Items (2.9) 60.7 18.7 (13.6) 17.6 116.8 (1.8) (12.0) (6.0) (4.3) 216.9 0.5 0.4 0.0 1.5 (1.3) 13.8 (17.4) (1.7) 0.5 9.5 (8.3) 1.2 (0.1) 0.0 (4.9) (0.7) (2.0) (2.1) (4.5) 3.5 0.5 (2.0) (1.3) (1.2) (0.4) 0.8 (7.4) 1.0 (0.0)
Operating Cash Flow (24.3) 9.2 (16.3) (0.6) (21.1) 14.2 (9.1) 7.2 (34.6) 15.9 16.5 9.8 0.8 29.9 30.0 40.3 26.8 29.5 8.0 32.6 17.1 22.3 27.2 0.9 13.3 23.3 12.6 11.2 8.6 26.5 5.8 10.1 10.2 9.3 12.8 5.5 6.1 8.3 1.7 3.7
Investing Activities
Capital Expenditure (4.4) (0.6) (0.4) (2.0) (0.4) (0.8) (0.3) (1.3) (1.9) (3.7) (0.1) (2.5) (0.6) (0.5) (2.3) (1.2) (0.7) (0.7) (1.2) (0.6) (0.6) (0.9) (0.4) (1.0) (0.4) (0.6) (0.3) (0.9) (0.6) (0.6) (0.7) (0.8) (0.5) (0.1) (1.0) (0.7) (1.9) (1.1) (0.8) (2.2)
Acquisitions 0 0 0 0 0 0.0 0 0 0 0 0 0 0 0 0 0 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 0 (320.2) 0 (703.3) (100.5) (206.7) (428.7) (1,135.7) (50.0) (617.5) 0 0 (0.4) 0 (88.8) (83.4) (148.5) (222.9) (83.4) 0 4.4 (54.2) (3.8) (3) (1.3) (576.1) (0.4) 0 (15.1) (329.5) (0.9) (20) (19) (6.3) (2.4) (1.7) (14.8) (99.8) (3.8) (27.3)
Sales/Maturities of Investments 0 265.0 77.2 526.6 101.3 48.4 143.6 1,063.3 190.9 16.0 34.7 25.1 25.0 52.3 87.7 87.6 60.7 63.8 90.7 56.4 73.2 41.9 99.9 55.4 22.5 310.0 26.4 20.5 24.5 19.3 28.6 18.9 82.6 19.5 17.1 16.5 30.4 88.3 23.3 53.3
Other Investing Activities (77.3) 265.9 954.2 236.6 630.8 92.1 0.0 82.0 102.8 295.5 122.7 21.0 (365.2) (945.1) (1,525.1) (486.4) 589.2 216.4 (377.7) (320.9) (193.4) 553.9 (333.6) (262.8) (178.6) 384.3 (289.1) (143.1) (345.4) 491.9 (301.8) (247.1) (89.5) (162.5) (172.5) (248.7) (306.3) (30.7) (427.8) (279.4)
Investing Cash Flow (77.3) 210.0 1,031.0 57.9 631.2 (66.9) (285.3) 8.4 241.8 (309.6) 157.3 43.7 (341.2) (893.2) (1,528.5) (483.4) 500.7 56.5 (371.6) (265.1) (116.5) 540.7 (237.9) (211.3) (157.7) 117.5 (263.4) (123.4) (336.7) 181.1 (274.9) (249.1) (26.4) (149.4) (158.7) (234.5) (292.6) (43.2) (409.1) (255.5)
Financing Activities
Net Debt Issuance 8.4 (247.2) (5.0) 249.0 (266.1) (346.8) 11.1 296.5 433.0 182.0 (1,319.1) 924.7 (127.6) 1,002.7 167.8 115.8 18.6 (7.5) 8 (257) 0 (495.6) (29.4) 51 20 0 (77) 92 991.1 (1,069.6) (57.6) 91 249 (40.0) (141.0) (648) 299 13 305 (163)
Stock Repurchased (0.4) 0 0 0 (0.0) 0 0 (0.1) (0.0) (0.0) 0 (0.5) (1.0) 0 (2.5) (1.1) (0.5) 0 (0.2) (0.9) 0 0 0 (2.8) 0 0.0 (0.0) 0 (0.5) 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0.0 0.0 (0.6) (0.6) (0.6) (1.1) (1.1) (6.2) (6.2) (6.2) (6.2) (6.2) (4.1) (4.0) (4.0) (4.0) (3.1) (3.1) (3.1) (3.1) (2.2) (2.2) (2.2) (2.2) 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (8.5) 699.4 (968.0) (308.6) (434.3) (130.1) 117.4 (50.0) (131.5) 5.3 755.3 (310.9) 813.9 11.1 581.2 144.4 (204.0) (261.8) 861.0 332.4 449.0 (195.5) 617.0 139.7 (279.4) 406.7 175.2 35.7 (135.7) 35.8 519.2 192.7 (236.8) 161.3 327.0 353.6 88.1 73.1 492.5 250.9
Financing Cash Flow (0.5) 452.1 (972.9) (59.7) (700.4) (262.3) 127.9 245.8 301.0 186.2 (564.9) 607.2 679.0 1,007.6 740.3 253.0 (189.2) (272.3) 865.2 70.8 446.1 (694.2) 584.5 185.4 (58.6) 42.7 255.0 125.6 340.4 (523.0) 462.1 296.0 13.3 134.4 198.9 (293.0) 387.7 87.2 799.1 88.9
Cash Position
Net Change in Cash (102.1) 671.4 41.8 (2.3) (90.3) (315.1) (166.6) 261.4 508.1 (107.6) (391.0) 660.6 338.7 144.3 (758.2) (190.0) 338.4 (186.3) 501.6 (161.7) 346.7 (131.2) 373.8 (25.0) (203.1) 183.4 4.3 13.4 12.4 (315.5) 193.0 57.0 (2.8) (5.7) 53.0 (522.0) 101.1 52.3 391.7 (162.9)
Cash at Beginning 1,727.0 1,055.6 1,013.9 1,016.1 1,106.4 1,421.5 1,588.0 1,326.6 818.5 926.1 1,317.1 656.5 317.8 173.5 931.7 1,121.8 783.4 969.6 468.0 629.7 283.0 414.2 40.4 65.4 268.4 85.0 80.7 67.3 54.9 370.4 177.4 120.4 123.2 128.9 76.0 597.9 496.8 444.5 52.8 215.7
Cash at End 1,624.9 1,727.0 1,055.6 1,013.9 1,016.1 1,106.4 1,421.5 1,588.0 1,326.6 818.5 926.1 1,317.1 656.5 317.8 173.5 931.7 1,121.8 783.4 969.6 468.0 629.7 283.0 414.2 40.4 65.4 268.4 85.0 80.7 67.3 54.9 370.4 177.4 120.4 123.2 128.9 76.0 597.9 496.8 444.5 52.8
Free Cash Flow (28.6) 8.6 (16.7) (2.5) (21.5) 13.4 (9.4) 5.9 (36.5) 12.2 16.4 7.3 0.2 29.4 27.7 39.1 26.1 28.8 6.8 32.0 16.5 21.4 26.8 (0.1) 12.9 22.7 12.3 10.3 8.0 25.9 5.1 9.3 9.8 9.2 11.9 4.8 4.1 7.2 0.9 1.6
Key Metrics 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
Income Statement
Revenue 136.3 143.2 125.5 146.3 148.1 32.6 148.5 152.4 144.1 131.8 138.4 132.0 115.0 107.4 98.8 92.8 76.4 90.2 73.1 69.3 67.6 83.6 69.3 70.6 68.2 70.7 68.2 65.6 62.5 64.3 51.7 49.5 49.3 42.5 42.0 37.5 36.0 41.1 29.5 28.7 28.5 24.0 21.4 19.4 19.5 19.1 17.3 16.2 15.3 14.6 15.6 13.5
Gross Profit 54.9 (10.5) 36.1 52.9 26.2 (75.7) 42.2 39.8 39.7 41.1 41.2 53.3 62.5 86.3 90.4 88.9 69.8 87.8 69.5 64.0 61.6 72.0 54.4 49.1 49.1 51.0 45.5 45.6 46.4 50.0 37.0 38.8 41.7 35.4 35.2 33.1 30.8 37.0 25.6 25.9 25.5 21.8 19.1 17.9 18.1 17.9 16.2 15.1 13.7 13.3 14.0 12.1
Operating Income (8.0) (58.9) (10.9) 6.3 (23.0) (117.0) 2.7 (0.1) 0.2 1.6 (212.6) 10.7 20.9 39.5 46.2 43.1 32.3 51.9 36.3 31.3 31.9 43.1 25.1 18.6 21.7 24.2 17.5 16.0 19.9 20.9 6.8 12.6 13.0 14.2 14.3 9.1 10.6 15.5 5.7 6.5 8.3 4.8 5.1 4.6 5.2 4.8 2.4 2.5 2.4 2.3 3.0 1.7
Net Income (8.0) (146.3) (7.7) 6.9 (14.1) (82.2) 3.1 0.8 2.5 2.2 (212.3) 8.5 17.4 29.0 33.3 30.8 23.9 37.2 26.1 22.4 22.4 30.9 17.9 13.2 15.2 17.4 12.4 11.3 14.1 14.7 5.1 9.0 2.3 9.6 9.6 6.1 6.5 9.1 3.9 3.8 5.0 2.8 2.9 2.6 3.0 2.7 1.3 1.5 3.5 1.5 1.9 1.1
EPS (Diluted) -0.10 -1.78 -0.09 0.08 -0.17 -1.23 0.05 0.01 0.05 0.04 -3.76 0.15 0.31 0.51 0.59 0.55 0.51 0.83 0.58 0.50 0.50 0.69 0.40 0.29 0.34 0.39 0.28 0.25 0.31 0.33 0.12 0.23 0.06 0.27 0.28 0.18 0.19 0.29 0.10 0.12 0.16 0.11 0.18 0.16 0.19 0.15 0.06 0.07 0.18 0.07 0.09 0.05
Balance Sheet
Cash & Equivalents 1,624.9 1,727.0 1,055.6 1,013.9 1,016.1 1,106.4 1,421.5 1,588.0 1,326.6 818.5 926.1 1,317.1 656.5 317.8 173.5 931.7 1,121.8 783.4 969.6 468.0 629.7 283.0 414.2 40.4 65.4 268.4 85.0 80.7 67.3 54.9 370.4 177.4 120.4 123.2 128.9 76.0 597.9 496.8 444.5 52.8
Total Assets 11,904.1 11,910.0 11,588.4 12,588.4 12,645.3 13,376.6 13,714.4 13,586.3 13,327.2 13,051.6 12,840.6 13,616.2 13,014.2 12,328.9 11,249.2 10,474.8 10,196.2 7,735.1 7,939.1 7,051.8 6,957.2 6,481.9 7,138.3 6,513.7 6,314.4 6,358.3 6,285.9 6,001.2 5,840.4 5,466.3 5,966.0 4,842.2 4,541.2 4,051.1 3,903.2 3,687.9 3,975.4 3,593.7 3,492.9 2,690.2
Total Debt 1,604.0 1,595.6 1,842.8 1,847.8 1,598.8 1,864.9 1,890.0 1,878.9 1,582.5 1,157.7 975.5 2,294.6 1,369.9 1,496.5 493.7 326.0 210.1 12.5 20 12 269 269 764.6 794 743 520 882 800 708 232 791 769 678 421 461 602 1,250 951 938 633
Stockholders' Equity 912.6 917.9 1,050.6 1,060.6 1,053.4 1,069.8 933.2 928.7 925.3 919.2 915.5 1,133.7 1,134.4 1,122.0 1,102.9 1,082.6 1,064.1 766.8 734.0 714.4 695.7 677.9 638.7 623.1 613.9 604.4 586.7 568.2 559.2 531.0 518.0 412.1 395.0 340.5 316.9 291.8 284.3 287.3 277.5 270.2
Cash Flow
Operating Cash Flow (24.3) 9.2 (16.3) (0.6) (21.1) 14.2 (9.1) 7.2 (34.6) 15.9 16.5 9.8 0.8 29.9 30.0 40.3 26.8 29.5 8.0 32.6 17.1 22.3 27.2 0.9 13.3 23.3 12.6 11.2 8.6 26.5 5.8 10.1 10.2 9.3 12.8 5.5 6.1 8.3 1.7 3.7
Capital Expenditure (4.4) (0.6) (0.4) (2.0) (0.4) (0.8) (0.3) (1.3) (1.9) (3.7) (0.1) (2.5) (0.6) (0.5) (2.3) (1.2) (0.7) (0.7) (1.2) (0.6) (0.6) (0.9) (0.4) (1.0) (0.4) (0.6) (0.3) (0.9) (0.6) (0.6) (0.7) (0.8) (0.5) (0.1) (1.0) (0.7) (1.9) (1.1) (0.8) (2.2)
Free Cash Flow (28.6) 8.6 (16.7) (2.5) (21.5) 13.4 (9.4) 5.9 (36.5) 12.2 16.4 7.3 0.2 29.4 27.7 39.1 26.1 28.8 6.8 32.0 16.5 21.4 26.8 (0.1) 12.9 22.7 12.3 10.3 8.0 25.9 5.1 9.3 9.8 9.2 11.9 4.8 4.1 7.2 0.9 1.6