Five9, Inc. logo FIVN - Five9, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 25
HOLD 15
SELL 1
STRONG
SELL
0
| PRICE TARGET: $23.00 DETAILS
HIGH: $25.00
LOW: $21.00
MEDIAN: $23.00
CONSENSUS: $23.00
UPSIDE: 7.88%
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
Revenue
Revenue 305.3 300.3 285.8 283.3 279.7 278.7 264.2 252.1 247.0 239.1 230.1 222.9 218.4 208.3 198.3 189.4 182.8 173.6 154.3 143.8 137.9 127.9 112.1 99.8 95.1 92.3 83.8 77.4 74.5 72.3 65.3 61.1 58.9 55.4 50.1 47.7 47.0 44.2 41.0 38.9 38.0 36.0 32.3 30.3 30.3 28.3 25.9 24.7 24.3 23.6 21.1 20.3 19.1 18.3 16.2
Cost of Revenue 134.8 136.3 128.6 127.9 126.0 122.7 121.9 118.4 114.5 112.5 111.1 104.4 104.8 96.3 94.1 88.2 88.9 79.8 67.1 64.4 59.8 51.2 46.6 42.5 40.0 37.9 34.5 31.2 30.9 28.3 26.2 24.8 24.7 22.4 20.5 20.3 20.0 15.8 17.8 16.8 16.6 15.6 14.8 14.3 14.8 14.5 13.5 13.5 13.1 12.6 12.3 12.2 11.7 11.2 9.9
Gross Profit 170.5 164.0 157.3 155.4 153.7 156.0 142.2 133.7 132.5 126.6 119.0 118.5 113.7 112.1 104.2 101.2 93.9 93.8 87.2 79.4 78.1 76.7 65.6 57.3 55.1 54.3 49.3 46.2 43.7 44.0 39.1 36.3 34.2 33.0 29.6 27.5 27.0 28.4 23.2 22.1 21.4 20.4 17.5 16.0 15.5 13.7 12.4 11.2 11.1 11.0 8.8 8.1 7.4 7.1 6.3
Operating Expenses
R&D Expenses 39.7 36.8 35.2 39.9 41.1 41.5 42.5 40.7 41.5 38.9 40.4 39.2 38.1 36.9 34.1 35.0 35.8 30.4 29.7 24.6 22.1 18.7 17.7 17.2 15.2 12.2 11.7 10.8 10.5 8.5 9.6 8.4 7.8 6.7 6.7 6.8 6.8 6.2 6.0 5.8 5.8 5.6 5.5 5.6 6.0 5.8 5.5 5.6 5.2 4.8 4.4 4.1 4.2 3.8 3.5
SG&A Expenses 112.4 110.5 106.0 117.1 118.1 110.3 115.2 112.3 111.7 106.3 104.4 104.6 104.6 88.4 91.8 87.9 88.9 75.4 76.5 68.9 67.0 55.3 49.7 48.4 44.8 39.1 37.2 35.3 33.5 29.6 28.6 27.7 26.6 26.1 21.2 23.8 24.6 21.0 19.1 18.5 19.2 17.2 16.9 16.6 17.2 16.2 17.3 13.2 15.2 13.7 11.2 11.3 10.0 8.8 7.3
Other Expenses 0 (5.3) 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 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0.0 0 0
Operating Expenses 152.0 142.1 141.2 157.0 159.2 151.8 157.7 153.0 153.2 145.2 144.8 143.8 142.7 125.3 126.0 122.9 124.7 105.8 106.2 93.6 89.2 74.0 67.4 65.6 60.0 51.3 48.8 46.1 44.0 38.0 38.1 36.1 34.4 32.9 27.9 30.6 31.5 27.2 25.1 24.3 25.0 22.7 22.4 22.2 23.2 22.0 22.8 18.7 20.4 18.5 15.6 15.4 14.1 12.7 11.5
Operating Income
Operating Income 18.5 22.0 16.0 (1.6) (5.4) 4.2 (15.4) (19.4) (20.7) (18.6) (25.7) (25.2) (29.0) (13.3) (21.7) (21.8) (30.8) (12.0) (19.0) (14.2) (11.1) 2.7 (1.8) (8.2) (5.0) 3.0 0.5 0.1 (0.3) 6.0 1.0 0.2 (0.1) 0.2 1.7 (3.2) (4.4) 1.2 (1.9) (2.2) (3.6) (2.3) (4.9) (6.2) (7.7) (8.3) (10.4) (7.5) (9.3) (7.5) (6.8) (7.3) (6.7) (5.5) (4.5)
Interest Expense 3.1 3.1 3.1 3.8 4.1 4.3 4.1 3.9 2.6 2.0 2.0 1.9 1.8 1.9 1.9 1.9 1.9 2.0 1.9 2.5 1.9 9.5 9.3 5.7 3.5 3.5 3.5 3.4 3.4 3.5 3.6 2.4 0.8 0.8 0.9 0.9 0.9 0.9 1.0 1.2 1.2 1.2 1.2 1.2 1.1 1.2 1.1 1.1 0.8 0.4 0.3 0.2 0.2 0 0.2
Interest Income 5.2 0 5.7 7.9 10.3 11.2 11.1 13.8 10.6 8.3 8.2 6.1 4.1 0 1.0 0.3 0.8 0 0.2 0 0.2 0.5 0.3 0 1.1 1.4 1.5 1.5 1.7 1.4 1.4 0.2 0.4 0.2 0.1 0.1 0.1 0.1 0.0 0 0 0.0 0.1 0 0.0 0.1 0.1 0 0.0 0 0 0.0 0 0.1 0
Profitability
EBITDA 46.9 70.5 42.6 26.0 16.2 19.4 13.2 10.4 12.0 6.1 12.8 8.8 (10.6) 3.4 (7.0) (7.3) (8.1) 0.8 (0.1) (2.5) 0.2 7.5 6.5 (5.6) 2.5 10.1 5.2 4.6 5.6 8.9 5.0 2.8 2.6 2.2 3.7 (0.8) (2.2) 3.3 (0.8) (0.1) (1.5) (0.5) (3.0) (4.3) (6.0) (9.5) (8.7) (5.8) (7.7) (6.0) (5.7) (7.2) (5.5) (4.6) (3.9)
EBIT 23.7 26.1 21.7 6.4 (3.4) 15.4 (4.3) (5.6) (3.5) (10.3) (17.5) (19.1) (24.9) (10.5) (20.7) (21.5) (30.0) (12.0) (18.8) (14.2) (10.9) (1.3) (1.4) (13.2) (3.9) 4.4 0.5 0.1 1.4 6.1 2.3 0.4 0.2 0.2 1.7 (3.1) (4.3) 1.3 (2.9) (2.2) (3.6) (2.3) (4.8) (6.2) (7.7) (8.2) (10.3) (7.5) (7.5) (8.2) (7.4) (8.1) (6.5) (5.5) (5.2)
Income Before Tax 20.6 23.0 18.6 2.5 0.8 11.2 (8.3) (9.5) (6.1) (12.2) (19.5) (21.0) (26.7) (12.4) (22.6) (23.3) (31.9) (14.0) (20.7) (16.7) (12.8) (7.2) (11.1) (18.9) (7.4) 0.9 (1.6) (1.8) (2.0) 3.9 (1.3) (2.0) (0.6) (0.5) 1.0 (4.0) (5.2) 0.4 (3.9) (3.4) (4.9) (3.5) (6.0) (7.4) (8.9) (9.3) (11.4) (8.6) (8.3) (8.6) (7.7) (8.3) (6.6) (5.8) (5.4)
Income Tax Expense 2.2 3.3 0.6 1.4 0.2 (0.4) (3.9) 3.3 1.0 0.1 0.9 0.8 0.5 1.2 0.6 0.3 2.3 (10.4) (0.2) (0.1) (0.5) 0.0 0.3 (2.9) 0.1 0.1 0.1 0.0 (0.0) 0.1 0.0 0.1 0.0 0.1 0.0 0.1 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
Net Income 18.4 19.7 18.0 1.2 0.6 11.6 (4.5) (12.8) (7.1) (12.4) (20.4) (21.7) (27.2) (13.7) (23.2) (23.7) (34.1) (3.6) (20.5) (16.5) (12.3) (7.2) (11.4) (16.1) (7.4) 0.8 (1.6) (1.9) (1.9) 3.7 (1.3) (2.0) (0.6) (0.6) 0.9 (4.0) (5.3) 0.4 (3.9) (3.5) (4.9) (3.5) (6.0) (7.4) (8.9) (9.4) (11.4) (8.7) (8.3) (8.6) (7.7) (8.3) (6.7) (5.8) (5.4)
Per Share Data
EPS (Basic) 0.24 0.25 0.23 0.02 0.01 0.15 -0.06 -0.17 -0.10 -0.17 -0.28 -0.30 -0.38 -0.19 -0.33 -0.34 -0.49 -0.05 -0.30 -0.25 -0.18 -0.11 -0.17 -0.25 -0.12 0.01 -0.03 -0.03 -0.03 0.06 -0.02 -0.04 -0.01 -0.01 0.02 -0.07 -0.10 0.01 -0.07 -0.07 -0.10 -0.07 -0.12 -0.15 -0.18 -0.19 -0.24 -0.18 -0.18 -0.26 -0.23 -0.25 -0.20 -1.66 -1.66
EPS (Diluted) 0.21 0.23 0.21 0.01 0.01 0.13 -0.06 -0.17 -0.10 -0.17 -0.28 -0.30 -0.38 -0.19 -0.33 -0.34 -0.49 -0.05 -0.30 -0.25 -0.18 -0.11 -0.17 -0.25 -0.12 0.01 -0.03 -0.03 -0.03 0.06 -0.02 -0.04 -0.01 -0.01 0.02 -0.07 -0.10 0.01 -0.07 -0.07 -0.10 -0.07 -0.12 -0.15 -0.18 -0.19 -0.24 -0.18 -0.18 -0.26 -0.23 -0.25 -0.20 -1.66 -1.66
Shares Outstanding 76.8 77.5 77.5 75.9 75.9 75.4 74.9 74.2 73.5 72.9 72.4 71.6 71.3 70.7 70.2 69.6 69.0 68.2 67.8 67.3 66.7 66.1 65.5 63.3 61.7 61.3 60.8 60.1 59.4 58.9 58.5 57.9 56.4 56.0 55.3 54.7 53.7 53.1 52.7 52.1 51.4 50.8 50.4 50.0 49.4 49.0 48.3 46.9 46.0 33.3 33.3 33.3 33.3 3.5 3.3
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 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q1 2012 Q4
Current Assets
Cash & Cash Equivalents 273.0 232.1 193.4 205.5 370.3 362.5 291.0 175.7 240.2 143.2 127.8 195.6 141.4 180.5 129.5 101.3 100.2 90.9 82.5 175.2 176.3 220.4 301.8 233.2 155.9 78.0 120.6 110.5 93.5 81.9 79.6 166.2 80.7 68.9 63.4 57.1 56.5 58.1 57.3 57.6 57.8 58.5 59.5 65.3 50.6 58.3 53.5 61.6 29.2 37.3 10.1 (8.5) 6.0
Short-Term Investments 450.9 464.8 482.7 430.4 671.4 643.4 675.7 930.6 843.2 587.1 572.5 464.2 488.4 433.7 447.6 397.1 377.5 379.0 332.8 391.0 467.1 383.2 479.1 452.7 170.4 242.0 200.4 197.0 205.4 209.9 200.0 108.1 0 0 0 0 0 0 0 0 0 0 0 0 20.0 20 30.0 30.0 0 0 0 16.9 2.5
Net Receivables 142.3 135.1 141.7 130.9 120.9 122.4 122.9 106.4 103.8 101.5 97.3 91.3 91.3 90.9 91.4 86.0 80.6 86.3 62.5 55.5 53.5 50.0 43.6 40.4 40.6 38.5 32.2 28.7 26.3 25.1 24.6 21.2 19.3 19.0 17.2 16.3 15.5 13.9 12.9 10.8 12.5 10.6 9.3 8.2 8.7 8.3 7.7 7.1 6.7 7.0 5.1 0 5.4
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 18.4 17.9 15.8 14.7 13.6 13.5 12.0 2.4 3.0 3.3 3.9 0 3.5 3.0 3.4 0 0 4.0 0 0 0 0 0 0 0 0 0
Other Current Assets 103.0 14.8 14.1 92.9 91.2 92.2 80.8 79.0 76.0 70.2 66.7 62.2 57.2 56.4 50.9 46.7 41.6 39.7 36.3 33.5 30.0 25.7 22.9 22.8 18.6 17.9 15.9 15.5 13.6 12.1 10.9 10.1 9.5 2.4 1.8 3.7 1.2 3.0 0.6 0.4 0.5 0 0 1.9 0 0 0 0 0 0 0 0 0
Total Current Assets 1,005.4 871.0 864.2 894.2 1,287.5 1,248.6 1,204.3 1,322.1 1,289.4 924.1 890.7 841.2 800.4 778.7 741.5 660.0 624.6 617.2 535.1 668.9 738.4 689.1 857.3 759.2 394.0 381.3 375.5 358.6 344.6 334.0 320.1 311.0 113.9 92.8 85.4 80.5 77.0 75.0 74.3 71.8 74.2 71.2 71.7 77.8 82.5 88.6 93.9 101.4 38.5 45.9 16.8 8.5 14.8
Non-Current Assets
Property, Plant & Equipment 222.5 225.2 218.5 210.7 204.0 203.0 200.8 162.4 154.0 152.0 148.2 144.8 146.4 145.3 146.9 143.6 138.0 126.5 117.2 110.1 103.3 60.2 50.3 49.8 46.0 41.9 37.3 38.5 34.2 25.9 22.9 22.0 20.9 19.9 18.0 15.7 15.8 14.7 13.7 13.2 12.8 13.2 12.4 12.0 12.4 12.6 12.1 11.5 11.2 11.6 12.0 0 10.9
Goodwill 366.3 366.3 366.3 366.7 366.7 365.4 365.4 227.3 227.3 227.4 227.4 165.4 165.4 165.4 165.4 165.4 165.4 165.4 165.4 165.4 165.4 165.4 34.4 34.4 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 11.8 0 0 0
Intangible Assets 47.8 51.2 54.6 58.1 61.5 65.6 69.7 33.0 35.7 38.3 41.5 22.5 25.3 28.2 31.1 34.0 37.0 39.9 42.8 45.8 48.7 51.7 23.9 25.6 14.5 15.5 0.4 0.5 0.5 0.6 0.7 0.8 1.0 1.1 1.2 1.3 1.4 1.5 1.7 1.8 1.9 2.0 2.2 2.3 2.4 2.6 2.7 2.8 2.9 3.1 0 0 0
Long-Term Investments 0.8 0.8 0.8 0.8 0.8 0.8 0.8 2 2 2 2 87.1 15.5 0.9 2.0 62.4 120.7 147.4 208.5 72.8 0 42.1 0 82.1 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
Other Non-Current Assets 219.8 272.8 261.7 171.6 166.3 164.1 163.1 160.2 159.6 147.0 143.2 138.1 129.1 122.0 115.3 106.9 97.7 89.6 81.8 72.8 63.0 55.2 47.3 42.2 37.4 31.8 29.1 26.4 24.2 22.4 20.6 19.4 18.4 2.6 2.4 2.2 2.3 2.2 1.2 0.9 1.0 0.9 0.8 0.7 0.9 1.4 1.3 1.4 4.8 3.4 2.1 (8.5) 0.9
Total Non-Current Assets 860.0 919.1 904.2 810.7 802.5 802.6 803.6 588.3 582.0 570.5 565.8 561.7 485.7 465.8 465.3 517.2 563.8 575.7 615.8 466.8 380.4 374.6 156.0 234.1 109.7 101.1 78.6 77.1 70.8 60.7 56.0 54.1 52.0 35.4 33.3 31.0 31.3 30.2 28.4 27.7 27.5 28.0 27.1 26.8 27.5 28.4 27.9 27.5 30.7 29.9 14.0 (8.5) 11.8
Total Assets 1,865.3 1,790.1 1,768.4 1,704.9 2,089.9 2,051.2 2,007.9 1,910.4 1,871.3 1,494.6 1,456.4 1,402.9 1,286.1 1,244.5 1,206.8 1,177.2 1,188.4 1,192.9 1,150.9 1,135.7 1,118.7 1,063.7 1,013.3 993.3 503.7 482.4 454.0 435.8 415.4 394.7 376.1 365.1 165.9 128.2 118.7 111.5 108.3 105.2 102.7 99.5 101.7 99.2 98.9 104.6 110.0 116.9 121.9 128.9 69.2 75.8 30.9 0 26.6
Current Liabilities
Account Payables 30.6 30.0 30.4 31.1 29.5 26.3 33.9 29.4 25.7 24.4 28.5 23.3 22.5 23.6 21.2 25.9 32.0 20.5 21.3 17.6 16.1 17.1 12.8 12.0 8.4 10.2 6.8 7.5 7.2 7.0 4.5 6.0 5.5 4.3 4.8 4.6 3.4 3.4 3.6 3.0 3.4 2.6 2.9 2.8 2.5 4.2 2.9 3.4 3.8 4.3 3.2 0 4.6
Short-Term Debt 0 21.4 0 0 434.0 433.5 432.9 432.4 0 0 0 0 0.2 0.2 0.2 0.2 0 0 0 0 0 0 0 0 0 0 9.5 10.7 10.5 0 0 0.0 0.2 0.3 0.5 0.7 0.6 0.7 1.1 19.1 19.9 19.7 6.0 5.1 3.5 3.1 15.6 15.1 14.5 1.5 1.1 0 0.4
Deferred Revenue 83.3 77.5 74.7 68.0 74.8 79.2 80 65.3 67.0 68.2 64.6 57.5 58.1 57.8 53.8 51.6 46.6 43.7 36.9 33.2 32.8 32.0 28.5 26.3 25.6 24.7 21.9 20.0 17.9 17.4 17.5 14.8 13.7 14.0 13.7 11.9 10.9 10.0 8.8 7.9 7.8 6.4 5.6 5.5 5.6 5.3 5.0 5.0 5.0 4.4 0 0 4.3
Other Current Liabilities 58.8 31.7 50.5 46.4 47.4 44.0 50.6 38.5 53.5 35.9 39.5 40.0 40.2 24.8 26.9 21.0 44.6 34.7 35.9 35.7 34.2 29.2 28.6 25.0 19.6 14.2 8.0 3.0 4.8 6.7 5.4 5.3 4.3 5.6 3.4 4.9 7.2 4.9 8.9 6.7 7.2 5.7 6.0 5.6 5.9 5.1 5.8 5.3 4.0 4.4 4.6 0 1.7
Total Current Liabilities 222.8 213.0 205.7 201.6 638.9 641.7 650.2 614.7 183.5 167.2 172.0 158.3 160.2 150.8 151.4 146.7 183.8 157.6 147.1 139.4 113.7 103.6 92.0 83.7 71.1 66.0 61.6 56.0 56.3 48.0 46.1 44.7 42.7 39.5 39.3 38.0 38.1 34.1 36.8 51.6 53.1 48.5 33.5 33.0 33.0 32.4 42.9 40.8 40.4 25.3 22.5 0 16.9
Non-Current Liabilities
Long-Term Debt 736.4 777.6 734.6 733.6 732.7 731.9 730.9 730.0 1,161.0 742.1 741.2 740.2 739.3 738.4 737.4 736.5 737.9 768.6 773.4 773.6 782.2 643.3 646.6 642.2 212.9 209.6 206.3 203.1 199.8 196.8 193.7 190.6 32.6 32.6 32.6 32.6 32.8 32.9 33.1 14.6 15.6 17.3 31.7 33.6 34.2 35.3 23.5 24.2 25.0 19.6 2.8 0 0.0
Deferred Tax Liabilities 0.1 0.1 0 0.5 0.5 0.2 0 0 0 0 0.5 0.3 0.2 0.2 0 0 0 0 3.0 3.5 3.8 4.4 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
Other Non-Current Liabilities 32.1 (36.2) 7.6 6.1 5.6 5.7 6.8 4.9 5.5 6.5 6.0 3.2 4.5 2.6 4.5 5.2 5.7 6.5 8.8 7.9 26.8 24.5 7.7 7.7 7.4 3.6 2.1 2.1 2.2 2.7 2.2 2.4 2.5 2.1 2.2 2.3 2.0 2.0 2.1 2.2 2.7 2.5 2.6 2.7 3.1 3.1 2.8 3.0 9.1 24.7 5.5 0 13.6
Total Non-Current Liabilities 812.9 791.2 787.4 785.9 786.7 787.3 792.1 769.8 1,204.2 789.3 790.6 785.9 786.8 783.7 786.0 785.7 790.2 824.2 832.8 833.6 860.9 681.0 658.9 655.2 226.1 219.9 214.4 213.2 208.4 203.9 202.2 200.8 42.7 41.8 41.6 41.3 41.2 40.8 40.1 21.4 22.8 24.4 38.9 41.0 41.8 42.8 30.8 30.6 37.8 48.6 12.9 0 17.8
Total Liabilities 1,035.7 1,004.3 993.1 987.5 1,425.6 1,429.0 1,442.3 1,384.5 1,387.7 956.5 962.6 944.1 947.0 934.5 937.4 932.3 974.0 981.8 979.8 973.0 974.5 784.6 750.9 738.9 297.2 285.9 276.1 269.2 264.7 251.9 248.2 245.6 85.5 81.4 80.9 79.3 79.4 74.9 76.9 73.0 75.9 73.0 72.3 74.0 74.8 75.2 73.7 71.4 78.2 73.9 35.5 0 34.7
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 0.1 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 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0 0.0
Retained Earnings (359.8) (378.2) (397.9) (415.9) (417.1) (417.6) (429.2) (424.7) (411.9) (404.9) (392.5) (372.1) (350.3) (323.1) (309.4) (286.2) (262.6) (228.4) (224.8) (204.3) (187.8) (198.2) (191.0) (179.5) (163.5) (156.0) (156.9) (155.3) (153.4) (151.5) (155.2) (153.9) (151.9) (175.4) (174.8) (175.7) (171.7) (166.3) (166.7) (162.8) (159.3) (154.4) (150.9) (144.9) (137.5) (128.6) (119.2) (107.8) (99.1) (90.8) (82.2) 0 (59.5)
Accumulated Other Comprehensive Income 0.9 0.9 0.7 0.1 0.5 0.6 1.8 (0.5) (0.3) 0.6 (0.8) (1.4) (1.0) (2.7) (4.1) (4.5) (3.4) (0.3) 0.2 0.3 0.4 0.3 0.8 1.0 1.6 0.6 0.2 0.1 0.1 (0.1) (38.8) (36.2) (39.0) (36.9) (35.3) (34.1) (32.2) (30.3) (28.4) (26.4) (24.5) (22.5) (20.7) (19.0) (0.0) (15.6) 0.0 (13.3) (11.8) (10.4) 0 (40.0) (9.8)
Total Stockholders' Equity 829.6 785.8 775.3 717.4 664.3 622.2 565.6 525.9 483.6 538.1 493.9 458.8 339.1 310.0 269.4 244.9 214.4 211.1 171.1 162.7 144.2 279.2 262.4 254.4 206.5 196.5 178.0 166.6 150.7 142.7 127.9 119.5 80.5 46.8 37.8 32.2 29.0 30.3 25.8 26.5 25.8 26.3 26.5 30.6 35.2 41.8 48.1 57.5 (9.0) 1.9 (4.6) (6.1) (8.1)
Total Liabilities & Equity 1,865.3 1,790.1 1,768.4 1,704.9 2,089.9 2,051.2 2,007.9 1,910.4 1,871.3 1,494.6 1,456.4 1,402.9 1,286.1 1,244.5 1,206.8 1,177.2 1,188.4 1,192.9 1,150.9 1,135.7 1,118.7 1,063.7 1,013.3 993.3 503.7 482.4 454.0 435.8 415.4 394.7 376.1 365.1 165.9 128.2 118.7 111.5 108.3 105.2 102.7 99.5 101.7 99.2 98.9 104.6 110.0 116.9 121.9 128.9 69.2 75.8 30.9 (6.1) 26.6
Debt Metrics
Total Debt 800.3 847.2 798.0 799.5 1,234.3 1,233.1 1,236.7 1,207.8 1,209.3 793.9 795.6 794.3 792.9 790.6 790.3 788.7 792.8 825.5 827.3 827.4 833.0 653.2 656.9 654.8 227.5 223.3 221.8 221.8 216.7 207.9 206.8 206.0 47.2 46.7 46.0 45.8 45.9 45.8 44.7 43.5 45.2 46.6 46.6 47.7 46.8 47.7 48.6 47.4 48.2 48.9 13.3 0 8.2
Net Debt 527.3 615.1 604.6 594.0 863.9 870.6 945.7 1,032.1 969.1 650.7 667.8 598.7 651.5 610.0 660.8 687.4 692.7 734.6 744.9 652.2 656.7 432.8 355.1 421.6 71.7 145.3 101.2 111.4 123.2 126.0 127.2 39.8 (33.4) (22.2) (17.4) (11.4) (10.6) (12.3) (12.7) (14.1) (12.6) (11.9) (12.9) (17.6) (3.9) (10.6) (4.9) (14.2) 19.0 11.6 3.2 8.5 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 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
Operating Activities
Net Income 18.4 19.7 18.0 1.2 0.6 11.6 (4.5) (12.8) (7.1) (12.4) (20.4) (21.7) (27.2) (13.7) (23.2) (23.7) (34.1) (3.6) (20.5) (16.5) (12.3) (7.2) (11.4) (16.1) (7.4) 0.8 (1.6) (1.9) (1.9) 3.7 (1.3) (2.0) (0.6) (0.6) 0.9 (4.0) (5.3) 0.4 (3.9) (3.5) (4.9) (3.5) (6.0) (7.4) (8.9) (9.4) (11.4) (8.7) (8.3) (8.6) (7.7) (8.3) (6.7) (5.8) (5.4)
Depreciation & Amortization 17.8 1.7 20.9 19.6 19.6 4.0 17.5 15.9 15.5 16.4 15.9 14.6 14.3 13.9 13.8 24.2 13.2 12.8 11.8 11.7 11.2 8.8 8.0 7.6 6.4 5.6 4.8 4.5 4.2 2.8 2.7 2.4 2.3 2.1 1.9 2.3 2.1 2.1 2.1 2.1 2.1 1.9 1.8 1.9 1.8 1.6 1.6 1.7 1.6 1.5 1.1 0.9 1.0 0.9 0
Stock-Based Compensation 32.7 33.6 33.3 41.9 39.2 38.4 39.6 43.6 44.7 49.6 52.6 53.4 50.7 43.8 44.5 0 39.4 35.6 27.4 24.9 20.9 16.9 17.3 16.8 13.8 11.9 11.1 10.4 8.7 7.5 8.9 6.8 5.3 4.6 3.7 3.9 3.1 2.7 2.5 2.4 2.0 1.7 1.9 1.8 2.2 2.0 1.9 1.7 1.2 0.9 0.5 0.3 0.3 0.2 0.1
Change in Working Capital (35.4) (14.8) (36.0) (49.1) (30.5) (37.6) (22.4) (40.2) (26.9) (29.6) (23.5) (36.8) (16.6) (24.0) (16.6) (44.2) (2.6) (40.6) (33.1) (20.4) (17.0) (9.6) (5.7) (6.1) (9.7) (6.5) 0.3 (9.0) (2.2) (1.4) (3.6) (3.2) 1.2 (3.1) 3.7 (2.0) 0.3 0.7 (0.1) 1.1 0.8 (0.2) (1.1) (0.4) (1.1) 2.2 1.5 (3.1) 1.0 (0.1) (0.0) 0.3 1.8 (1.5) 0
Other Non-Cash Items 30.4 43.0 22.5 21.7 19.3 38.7 15.7 13.3 5.9 12.9 12.3 12.2 12.2 11.6 12.1 40.5 11 10.8 9.7 11.7 11.0 10.6 14.6 12.5 7.4 3.7 3.3 3.1 3.1 3.2 3.1 1.8 0.0 0.0 (2.2) 0.0 0.0 (3.1) 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.8 0.6 0.8 (0.2) 3.3 5.4
Operating Cash Flow 63.9 83.6 59.2 35.1 48.4 49.8 41.1 19.9 32.4 36.5 37.0 21.9 33.4 32.7 30.5 (3.1) 28.7 8.1 (4.8) 11.4 13.8 19.3 22.8 14.8 10.4 15.6 17.7 6.8 11.2 15.5 9.4 5.7 8.0 2.9 8.0 0.1 0.2 2.8 1.7 2.2 0.1 (0.1) (3.2) (4.0) (5.8) (3.5) (6.4) (8.2) (6.2) (5.5) (5.6) (6.0) (3.8) (1.6) 0
Investing Activities
Capital Expenditure (5.3) (16.3) (10.5) (13.5) (13.5) (17.3) (20.3) (11.8) (15.2) (11.3) (5.6) (8.5) (11.7) (7.7) (12.6) (22.1) (13.0) (13.7) (9.0) (11.2) (8.2) (10.0) (5.5) (8.8) (6.0) (6.5) (4.5) (4.2) (4.0) (4.8) (3.4) (0.7) (0.4) (0.8) (0.6) (0.7) (0.5) (0.2) (0.4) (0.3) (0.3) (0.4) (0.3) (0.2) (0.2) (0.5) (0.1) (0.3) (0.1) (0.3) (0.2) (0.0) (0.1) (0.2) 0
Acquisitions 0 0 0 0 0 0.0 (167.2) 0 0.1 80.6 (80.6) 0 0 0 0 0 0 0 0 0 0 (137.0) 0 (28.3) (0.1) 0 0 0 (0.2) (109.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (30.0) 0 0 0 (2.8) 0 0 0 0 0
Purchases of Investments (114.1) (176.2) (254.0) (39.2) (275.9) (295.9) (177.0) (291.6) (524.9) (250.3) (207.1) (196.7) (140.9) (185.5) (98.6) (46.4) (107.3) (136.9) (217.9) (161.9) (163.7) (113.9) (46.1) (398.6) (62.3) (85.1) (123.1) (116.9) (34.4) (16.8) (94.4) 0 0 0 0 0 0 (1.2) 0 0 0 0 0 0 (20) (20.0) 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 128.4 195.6 203.3 281.9 251.3 331.4 439.8 210.1 273.1 240.7 188.0 151.1 76.9 203.3 106.7 83.8 131.4 149.9 138.7 163.4 120.2 166.3 100.4 33.2 134.6 43.5 119.9 125.9 39.7 7.2 2.6 1.4 1.9 0 0 0 0 0 0 0 0 0 0 20 20 30 0 0 0 0 0 2.2 0.2 0 0
Other Investing Activities (9.2) (10.0) (0.3) (10.0) (8.7) (8.0) (6.0) (5.0) (3.2) (80.6) (2.3) (1.8) (1.8) (1.5) (1.3) 0 (0.6) 0 0 0 0 0 0 0 0 (13.9) (3.2) 9.0 0.2 109.8 (91.8) (109.5) 1.9 0 0 0 0 (1.2) 0 (0.1) 0 0 0 0.1 0.7 30.0 0 (30.0) (0.0) (3.0) 0 2.2 0.2 0 0
Investing Cash Flow (0.1) 3.2 (71.9) 229.2 (38.1) 18.2 75.4 (93.3) (266.8) (24.6) (105.3) (54.0) (75.7) 10.1 (4.7) 14.4 11.2 (0.7) (88.2) (9.8) (51.7) (94.7) 48.7 (402.5) 66.1 (62.0) (7.7) 4.7 1.3 (14.3) (95.2) (108.8) 1.5 (0.8) (0.6) (0.7) (0.5) (1.4) (0.4) (0.4) (0.3) (0.4) (0.3) 19.9 0.5 9.5 (0.1) (30.3) (0.1) (3.2) (0.2) 2.2 0.1 (0.2) 0
Financing Activities
Net Debt Issuance (13.3) (2.6) (2.5) (436.9) (2.2) (2.0) (3.3) (0.5) 426.1 (0.5) (0.5) (0.2) 0 (0.0) (0.0) (2.1) (31.9) (5.8) (1.3) (9.9) (8.3) 75.9 (5.8) 546.4 (1.2) (1.6) (1.7) (1.8) (1.9) (10.2) (2.1) 216.0 (2.5) (1.5) (2.1) (2.0) (2.1) (2.1) (1.8) (3.7) (2.9) (2.1) (2.5) (2.2) (2.5) (2.2) (1.6) (1.6) 18.0 15.9 (1.4) (5.6) 3.2 0 0
Stock Repurchased (10.0) (50) 0 0 0 0 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 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 7.9 0.0 5.3 2.2 9.5 (94.7) (3.3) 0.8 87.8 0 8.2 2.4 (18.1) 1.3 6.8 1.6 7.2 2.2 (81.9) 2.8 (81.3) 2.6 5.4 1.8 7.3 1.0 11.6 1.3 (27.5) 4.8 5.1 1.0 3.3 0.8 1.4 0.1 1.7 2.4 1.5 0.1 0.9 0.1 1.1 0.1 72.4 (0.2) 0.5 (0.4) 21.6 0.1 (0.7) 0
Financing Cash Flow (22.8) (48.0) 0.6 (429.0) (2.2) 3.3 (1.0) 9.0 331.4 3.5 0.3 87.6 3.1 8.2 2.3 (10.2) (30.6) 1.0 0.3 (2.7) (6.1) (6.0) (3.0) 465.1 1.4 3.8 0.1 5.5 (0.9) 1.1 (0.8) 188.5 2.2 3.5 (1.1) 1.3 (1.3) (0.7) (1.6) (2.0) (0.5) (0.5) (2.4) (1.3) (2.4) (1.1) (1.6) 70.8 17.8 16.4 (1.9) 16.0 3.2 (0.7) 0
Cash Position
Net Change in Cash 40.9 38.7 (12.1) (164.7) 8.1 71.3 115.5 (64.4) 96.9 15.4 (67.9) 55.4 (39.1) 51.0 28.2 1.2 9.3 8.4 (92.7) (1.1) (44.0) (81.4) 68.5 77.4 77.9 (42.6) 10.1 17.0 11.6 2.3 (86.5) 85.5 11.7 5.6 6.2 0.7 (1.7) 0.8 (0.3) (0.1) (0.7) (1.0) (5.8) 14.7 (7.6) 4.8 (8.1) 32.3 11.5 7.6 (7.6) 12.3 (0.5) (2.5) 0
Cash at Beginning 234.1 193.4 205.5 372.3 364.2 292.9 177.4 241.8 144.8 127.8 197.2 141.8 181.0 130.0 101.8 100.2 90.9 82.5 175.2 176.3 220.4 301.8 233.2 155.9 78.0 120.6 110.5 93.5 81.9 79.6 166.2 80.7 68.9 63.4 57.1 56.5 58.1 57.3 57.6 57.8 58.5 59.5 65.3 50.6 58.3 53.5 61.6 29.2 17.7 10.1 17.7 5.5 6.0 8.5 0
Cash at End 275.1 232.1 193.4 207.6 372.3 364.2 292.9 177.4 241.8 143.2 129.4 197.2 141.8 181.0 130.0 101.3 100.2 90.9 82.5 175.2 176.3 220.4 301.8 233.2 155.9 78.0 120.6 110.5 93.5 81.9 79.6 166.2 80.7 68.9 63.4 57.1 56.5 58.1 57.3 57.6 57.8 58.5 59.5 65.3 50.6 58.3 53.5 61.6 29.2 17.7 10.1 17.7 5.5 6.0 0
Free Cash Flow 58.7 67.3 48.7 21.6 34.9 32.5 20.8 8.1 17.2 25.3 31.5 13.4 21.7 25.0 17.9 (25.2) 15.8 (5.6) (13.8) 0.1 5.5 9.3 17.3 5.9 4.3 9.1 13.1 2.5 7.2 10.7 6.0 5.1 7.6 2.0 7.4 (0.6) (0.4) 2.7 1.3 1.9 (0.2) (0.5) (3.4) (4.2) (6.0) (4.1) (6.5) (8.5) (6.3) (5.8) (5.8) (6.0) (4.0) (1.8) 0
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
Income Statement
Revenue 305.3 300.3 285.8 283.3 279.7 278.7 264.2 252.1 247.0 239.1 230.1 222.9 218.4 208.3 198.3 189.4 182.8 173.6 154.3 143.8 137.9 127.9 112.1 99.8 95.1 92.3 83.8 77.4 74.5 72.3 65.3 61.1 58.9 55.4 50.1 47.7 47.0 44.2 41.0 38.9 38.0 36.0 32.3 30.3 30.3 28.3 25.9 24.7 24.3 23.6 21.1 20.3 19.1 18.3 16.2
Gross Profit 170.5 164.0 157.3 155.4 153.7 156.0 142.2 133.7 132.5 126.6 119.0 118.5 113.7 112.1 104.2 101.2 93.9 93.8 87.2 79.4 78.1 76.7 65.6 57.3 55.1 54.3 49.3 46.2 43.7 44.0 39.1 36.3 34.2 33.0 29.6 27.5 27.0 28.4 23.2 22.1 21.4 20.4 17.5 16.0 15.5 13.7 12.4 11.2 11.1 11.0 8.8 8.1 7.4 7.1 6.3
Operating Income 18.5 22.0 16.0 (1.6) (5.4) 4.2 (15.4) (19.4) (20.7) (18.6) (25.7) (25.2) (29.0) (13.3) (21.7) (21.8) (30.8) (12.0) (19.0) (14.2) (11.1) 2.7 (1.8) (8.2) (5.0) 3.0 0.5 0.1 (0.3) 6.0 1.0 0.2 (0.1) 0.2 1.7 (3.2) (4.4) 1.2 (1.9) (2.2) (3.6) (2.3) (4.9) (6.2) (7.7) (8.3) (10.4) (7.5) (9.3) (7.5) (6.8) (7.3) (6.7) (5.5) (4.5)
Net Income 18.4 19.7 18.0 1.2 0.6 11.6 (4.5) (12.8) (7.1) (12.4) (20.4) (21.7) (27.2) (13.7) (23.2) (23.7) (34.1) (3.6) (20.5) (16.5) (12.3) (7.2) (11.4) (16.1) (7.4) 0.8 (1.6) (1.9) (1.9) 3.7 (1.3) (2.0) (0.6) (0.6) 0.9 (4.0) (5.3) 0.4 (3.9) (3.5) (4.9) (3.5) (6.0) (7.4) (8.9) (9.4) (11.4) (8.7) (8.3) (8.6) (7.7) (8.3) (6.7) (5.8) (5.4)
EPS (Diluted) 0.21 0.23 0.21 0.01 0.01 0.13 -0.06 -0.17 -0.10 -0.17 -0.28 -0.30 -0.38 -0.19 -0.33 -0.34 -0.49 -0.05 -0.30 -0.25 -0.18 -0.11 -0.17 -0.25 -0.12 0.01 -0.03 -0.03 -0.03 0.06 -0.02 -0.04 -0.01 -0.01 0.02 -0.07 -0.10 0.01 -0.07 -0.07 -0.10 -0.07 -0.12 -0.15 -0.18 -0.19 -0.24 -0.18 -0.18 -0.26 -0.23 -0.25 -0.20 -1.66 -1.66
Balance Sheet
Cash & Equivalents 273.0 232.1 193.4 205.5 370.3 362.5 291.0 175.7 240.2 143.2 127.8 195.6 141.4 180.5 129.5 101.3 100.2 90.9 82.5 175.2 176.3 220.4 301.8 233.2 155.9 78.0 120.6 110.5 93.5 81.9 79.6 166.2 80.7 68.9 63.4 57.1 56.5 58.1 57.3 57.6 57.8 58.5 59.5 65.3 50.6 58.3 53.5 61.6 29.2 37.3 10.1 (8.5) 6.0
Total Assets 1,865.3 1,790.1 1,768.4 1,704.9 2,089.9 2,051.2 2,007.9 1,910.4 1,871.3 1,494.6 1,456.4 1,402.9 1,286.1 1,244.5 1,206.8 1,177.2 1,188.4 1,192.9 1,150.9 1,135.7 1,118.7 1,063.7 1,013.3 993.3 503.7 482.4 454.0 435.8 415.4 394.7 376.1 365.1 165.9 128.2 118.7 111.5 108.3 105.2 102.7 99.5 101.7 99.2 98.9 104.6 110.0 116.9 121.9 128.9 69.2 75.8 30.9 0 26.6
Total Debt 800.3 847.2 798.0 799.5 1,234.3 1,233.1 1,236.7 1,207.8 1,209.3 793.9 795.6 794.3 792.9 790.6 790.3 788.7 792.8 825.5 827.3 827.4 833.0 653.2 656.9 654.8 227.5 223.3 221.8 221.8 216.7 207.9 206.8 206.0 47.2 46.7 46.0 45.8 45.9 45.8 44.7 43.5 45.2 46.6 46.6 47.7 46.8 47.7 48.6 47.4 48.2 48.9 13.3 0 8.2
Stockholders' Equity 829.6 785.8 775.3 717.4 664.3 622.2 565.6 525.9 483.6 538.1 493.9 458.8 339.1 310.0 269.4 244.9 214.4 211.1 171.1 162.7 144.2 279.2 262.4 254.4 206.5 196.5 178.0 166.6 150.7 142.7 127.9 119.5 80.5 46.8 37.8 32.2 29.0 30.3 25.8 26.5 25.8 26.3 26.5 30.6 35.2 41.8 48.1 57.5 (9.0) 1.9 (4.6) (6.1) (8.1)
Cash Flow
Operating Cash Flow 63.9 83.6 59.2 35.1 48.4 49.8 41.1 19.9 32.4 36.5 37.0 21.9 33.4 32.7 30.5 (3.1) 28.7 8.1 (4.8) 11.4 13.8 19.3 22.8 14.8 10.4 15.6 17.7 6.8 11.2 15.5 9.4 5.7 8.0 2.9 8.0 0.1 0.2 2.8 1.7 2.2 0.1 (0.1) (3.2) (4.0) (5.8) (3.5) (6.4) (8.2) (6.2) (5.5) (5.6) (6.0) (3.8) (1.6) 0
Capital Expenditure (5.3) (16.3) (10.5) (13.5) (13.5) (17.3) (20.3) (11.8) (15.2) (11.3) (5.6) (8.5) (11.7) (7.7) (12.6) (22.1) (13.0) (13.7) (9.0) (11.2) (8.2) (10.0) (5.5) (8.8) (6.0) (6.5) (4.5) (4.2) (4.0) (4.8) (3.4) (0.7) (0.4) (0.8) (0.6) (0.7) (0.5) (0.2) (0.4) (0.3) (0.3) (0.4) (0.3) (0.2) (0.2) (0.5) (0.1) (0.3) (0.1) (0.3) (0.2) (0.0) (0.1) (0.2) 0
Free Cash Flow 58.7 67.3 48.7 21.6 34.9 32.5 20.8 8.1 17.2 25.3 31.5 13.4 21.7 25.0 17.9 (25.2) 15.8 (5.6) (13.8) 0.1 5.5 9.3 17.3 5.9 4.3 9.1 13.1 2.5 7.2 10.7 6.0 5.1 7.6 2.0 7.4 (0.6) (0.4) 2.7 1.3 1.9 (0.2) (0.5) (3.4) (4.2) (6.0) (4.1) (6.5) (8.5) (6.3) (5.8) (5.8) (6.0) (4.0) (1.8) 0