Freshworks Inc. logo FRSH - Freshworks Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 9
SELL 0
STRONG
SELL
0
| PRICE TARGET: $11.63 DETAILS
HIGH: $15.00
LOW: $8.00
MEDIAN: $11.50
CONSENSUS: $11.63
UPSIDE: 28.08%
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 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
Revenue
Revenue 228.6 222.7 215.1 204.7 196.3 194.6 186.6 174.1 165.1 160.1 153.6 145.1 137.7 133.2 128.8 121.4 114.6 105.5 96.6 88.3 80.6 73.0 66.2 56.5 54.0 29.0 32.0 28.8 30.8 34.8 30.7 26.8 29.1 32.0 35.5 28.5 29.9 33.0 33.8 28.1 29.1 29.2 28.3 22.2 21.8
Cost of Revenue 34.7 32.2 33.0 31.1 29.9 29.5 29.8 28.2 25.9 27.0 26.3 24.9 25.2 25.2 24.2 24.0 22.4 20.4 22.2 18.7 16.7 15.5 13.2 11.7 13.4 4.2 4.8 4.2 5.3 6.1 6.6 5.9 6.3 7.2 7.8 6.5 6.8 7.3 26.6 6.4 6.4 6.1 5.9 4.7 4.5
Gross Profit 193.9 190.6 182.2 173.5 166.4 165.1 156.8 146.0 139.3 133.1 127.3 120.2 112.5 108.0 104.6 97.4 92.2 85.1 74.4 69.6 63.9 57.5 53.0 44.8 40.6 24.8 27.3 24.6 25.5 28.6 24.2 21.0 22.8 24.8 27.7 22.0 23.1 25.7 7.2 21.7 22.7 23.1 22.3 17.5 17.3
Operating Expenses
R&D Expenses 49.3 41.8 41.5 39.9 40.0 41.0 47.9 41.0 34.7 35.8 34.9 34.2 32.9 34.7 35.9 34.3 30.7 29.0 57.1 18.9 15.4 16.1 13.2 12.3 27.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 152.7 109.7 148.2 142.2 136.4 138.2 147.7 148.8 136.7 137.3 131.1 129.3 127.7 134.0 127.0 130.4 108.6 112.4 157.5 57.2 50.2 44.8 39.7 36.6 61.9 15.2 17.2 15.6 15.8 17.4 4.6 7.5 5.5 19.3 4.5 7.9 7.8 11.2 5.3 7.8 9.9 8.6 7.8 7.2 9.9
Other Expenses 0 0 0 0 0.4 9.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 202.0 151.5 189.6 182.2 176.8 188.9 195.6 189.7 171.4 173.1 166.0 163.5 160.6 168.6 162.9 164.7 139.4 141.5 214.6 76.1 65.6 60.9 53.0 48.9 89.0 15.2 17.2 15.6 15.8 17.4 4.6 7.5 5.5 19.3 4.5 7.9 7.8 11.2 5.3 7.8 9.9 8.6 7.8 7.2 9.9
Operating Income
Operating Income (8.1) 39.7 (7.5) (8.7) (10.4) (23.8) (38.9) (43.8) (32.2) (40.0) (38.7) (43.3) (48.1) (60.6) (58.3) (67.4) (47.1) (56.4) (140.3) (6.4) (1.7) (3.4) 0.1 (4.1) (48.4) 3.9 4.0 0.5 3.3 3.5 2.6 (2.1) (6.9) (7.9) 3.8 0.7 2.8 2.3 4.7 3.0 2.6 5.3 6.4 3.5 0.8
Interest 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 1.4 1.3 1.3 1.3 1.3 1.3 1.3 1.2 (3.6) 1.2 1.2 1.2 (3.4) 1.1 1.1 1.1 1.1 1.5 2.3
Interest Income 7.0 7.2 8.8 10.2 11.3 11.6 12.4 13.8 13.9 13.1 12.2 11.3 9.3 7.2 4.6 2.1 0.8 0.6 0.5 0.7 0.7 0.8 1.0 1.0 0 1.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (0.2) 61.8 4.5 (2.4) (3.7) (7.8) (32.5) (40.0) (29.2) (37.0) (35.8) (40.3) (45.0) (57.7) (55.5) (64.5) (44.2) (52.9) (136.9) (3.2) 1.5 (0.4) 2.9 (2.8) (47.0) (0.2) 5.4 2.1 5.1 5.6 4.7 0.2 (4.0) (4.9) 2.4 3.8 5.7 5.0 2.4 5.7 0.6 7.8 8.6 2.2 1.7
EBIT (8.1) 46.9 (0.1) (8.7) (10.0) (14.1) (38.9) (43.8) (32.2) (40.0) (38.7) (43.3) (48.1) (60.6) (58.3) (67.4) (47.1) (56.4) (140.3) (6.4) (1.7) (3.4) 0.1 (4.1) (48.4) (1.7) 3.9 0.5 3.2 3.5 2.6 (2.1) (6.9) (8.0) (1.1) 0.7 2.8 2.3 0.1 3.0 (1.9) 5.4 6.3 0.0 (0.4)
Income Before Tax (6.6) 46.9 (0.1) 3.9 2.6 (16.0) (24.9) (30.5) (19.4) (25.3) (27.7) (32.1) (38.6) (50.6) (56.0) (67.6) (46.5) (56.5) (117.3) (6.3) (1.3) (1.4) 1.3 (3.2) (50.0) 2.5 2.5 (0.8) 1.9 2.2 1.3 (3.4) (8.2) (9.2) 2.5 (0.6) 1.6 1.1 3.5 1.9 (3.1) 4.2 5.2 (1.5) (2.7)
Income Tax Expense (1.8) (144.6) 4.6 5.6 3.9 5.9 5.0 (10.4) 4.0 2.8 3.3 3.6 4.0 4.8 1.8 2.2 2.5 18.2 (9.9) 1.1 1.1 0.1 (0.1) 0.2 3.8 0.7 0.5 (0.2) 0.5 0.6 (12.2) (1.6) (2.0) (3.8) 1.0 (0.1) 0.6 0.5 0.9 0.7 (1.2) 1.6 2.4 (0.7) (1.1)
Net Income (4.8) 191.4 (4.7) (1.7) (1.3) (21.9) (30.0) (20.2) (23.3) (28.1) (31.0) (35.7) (42.7) (55.5) (57.8) (69.8) (49.1) (74.7) (107.4) (7.4) (2.4) (1.5) 1.4 (3.4) (88.1) 1.8 2.0 (0.6) 1.4 1.6 13.5 (1.9) (6.2) (5.4) 1.5 (0.4) 1.0 0.6 2.6 1.1 (1.9) 2.6 2.8 (0.8) (1.6)
Per Share Data
EPS (Basic) -0.02 0.68 -0.02 -0.01 -0.00 -0.07 -0.10 -0.07 -0.08 -0.09 -0.11 -0.12 -0.15 -0.19 -0.20 -0.24 -0.18 -0.28 -0.39 -0.03 -0.01 -0.01 0.01 -0.04 0.05 0.11 0.12 -0.04 0.08 0.09 0.80 -0.11 -0.37 -0.32 0.09 -0.03 0.06 0.04 0.16 0.07 -0.12 0.16 0.23 -0.07 -0.21
EPS (Diluted) -0.02 0.67 -0.02 -0.01 -0.00 -0.07 -0.10 -0.07 -0.08 -0.09 -0.11 -0.12 -0.15 -0.19 -0.20 -0.24 -0.18 -0.28 -0.39 -0.03 -0.01 -0.01 0.01 -0.04 -0.19 0.11 0.12 -0.04 0.08 0.09 0.80 -0.11 -0.37 -0.32 0.09 -0.03 0.06 0.04 0.16 0.07 -0.11 0.15 0.23 -0.07 -0.21
Shares Outstanding 283.3 282.8 286.2 294.4 301.3 303.6 302.1 299.8 297.9 296.0 294.1 292.0 290.1 288.5 286.7 284.8 278.2 269.5 275.5 281.4 252.9 252.9 252.9 76.8 76.8 17.0 16.9 16.9 16.9 16.9 16.9 16.9 16.9 16.8 16.7 16.7 16.7 16.7 16.7 16.6 16.6 16.6 12.1 10.6 7.6
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 Q1 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 2014 Q3 2014 Q2
Current Assets
Cash & Cash Equivalents 548.2 632.1 420.9 486.0 594.2 620.3 391.1 310.3 468.0 488.1 458.2 356.2 344.5 304.1 432.3 590.1 603.5 747.9 1,180.0 104.8 120.8 95.4 (222.9) 0.4 5.8 3.4 1.7 1.5 2.2 0.9 1.5 0.4 2.1 0.5 0.4 0.5 6.9 5.5 1.1 0.6 4.0
Short-Term Investments 231.1 211.6 392.3 440.2 401.1 449.8 663.9 708.8 739.3 699.5 706.5 804.6 806.1 843.4 719.2 584.0 594.3 575.7 146.6 135.8 123.6 142.7 445.7 0 0 0.1 0.1 0.1 0 0.1 0.1 0.1 0 0.2 0.2 0.2 0 0 0 1.1 1.1
Net Receivables 127.3 150.8 119.8 115.9 112.3 122.9 99.2 100.9 84.3 97.2 80.3 73.9 72.8 73.3 56.8 55.4 48.5 51.8 44.3 40.4 37.1 34.3 0 2.8 3.6 3.1 2.8 4.8 3.8 3.0 3.0 3.3 5.3 3.8 2.8 3.3 4.9 2.7 5.0 5.2 4.4
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0.5 0.6 0.6 0.8 0.7 0.8 0.8 0.9 0.9 1.0 1.0 0.9 0.9 0.8 0.8 0.6 0.4
Other Current Assets 100.2 72.8 88.3 94.5 88.5 72.5 78.6 77.0 75.5 70.7 74.5 68.5 67.2 36.1 18.3 18.7 15.7 14.6 13.0 11.7 26.3 9.2 0 2.4 2.2 2.9 1.9 2.2 2.7 2.9 2.4 4.8 4.8 5.0 5.0 5.2 6.2 5.8 6.2 5.6 6.2
Total Current Assets 1,006.8 1,067.3 1,021.3 1,136.5 1,196.1 1,265.4 1,232.8 1,197.0 1,367.1 1,355.5 1,319.5 1,303.3 1,290.7 1,256.9 1,269.1 1,284.6 1,299.7 1,421.4 1,421.8 323.8 307.8 312.4 222.9 6.1 12.1 10.0 7.1 9.4 9.4 7.7 7.8 9.5 13.1 10.5 9.4 10.0 18.9 14.8 13.1 13.1 16.2
Non-Current Assets
Property, Plant & Equipment 81.2 78.7 72.2 63.3 63.6 62.8 56.0 56.1 52.8 55.5 55.2 52.8 55.4 57.2 52.2 52.0 49.3 21.5 21.2 21.4 21.6 20.8 0 4.4 4.9 5.0 7.3 8.0 10.1 11.0 15.7 27.7 28.5 29.9 27.8 23.1 21.3 19.2 15.5 11.1 9.4
Goodwill 199.3 146.7 146.7 146.7 147.0 147.0 147.0 147.0 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 6.2 0 101.8 101.8 101.8 102.6 102.6 107.8 107.8 107.8 108.5 108.5 108.5 108.5 106.5 106.5 106.7 106.6 98.4 96.1
Intangible Assets 96.7 77.0 80.4 83.8 87.3 90.8 94.4 98.0 0 0 0 0 0 0.3 0.6 0.9 1.3 1.9 3.0 4.1 5.2 6.2 0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0 87.0
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0 16.6 0 0 0 0 1.5 0 0 0 126.2 0 0 0 0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3
Other Non-Current Assets 45.3 75.5 42.6 41.6 38.2 37.3 35.4 35.9 31.8 29.5 28.7 29.4 30.0 50.9 29.6 12.5 28.4 25.6 19.3 20.1 26.5 17.4 (222.9) 39.7 (90.3) 41.9 42.3 52.7 28.5 33.0 34.3 35.4 31.8 35.2 37.1 38.3 39.3 41.0 42.8 48.9 50.5
Total Non-Current Assets 598.6 535.4 350.6 344.3 345.1 346.5 342.4 346.6 100.3 101.2 98.6 97.0 100.2 123.3 94.0 93.7 91.0 61.4 65.7 56.1 65.4 55.0 (222.9) 232.8 234.7 235.8 239.4 250.4 236.8 238.9 244.8 258.7 260.8 263.4 262.6 257.2 256.6 256.1 253.6 247.5 245.0
Total Assets 1,605.4 1,602.7 1,372.0 1,480.8 1,541.2 1,611.9 1,575.2 1,543.6 1,467.4 1,456.8 1,418.1 1,400.3 1,390.8 1,380.2 1,363.1 1,378.3 1,390.7 1,482.8 1,487.5 379.8 373.2 367.4 0 239.0 246.7 245.8 246.4 259.9 246.2 246.7 252.5 268.1 273.9 273.9 272.0 267.2 275.5 270.9 266.7 260.6 261.2
Current Liabilities
Account Payables 18.6 11.5 7.6 4.9 2.1 1.6 7.0 9.8 1.5 3.5 2.7 1.7 4.4 5.9 3.9 6.3 3.8 6.3 3.2 8.1 4.5 3.7 0 0 4.8 3.9 3.5 4.6 5.4 4.8 5.0 7.5 6.2 6.0 5.4 4.9 9.8 8.4 5.3 3.7 2.5
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 6.8 0 0 0 0 0 0 0 0 0 8.4 11.4 3 3 5.6 8.4 8.4 8.4 8.4 7.9 5.1 3.7 2.3 2.8 3.5 2.8 2.1 0
Deferred Revenue 392.1 385.3 353.4 344.9 335.8 327.9 301.1 292.4 280.8 270.7 250.4 238.3 224.5 209.1 194.3 186.2 177.8 163.4 145.9 133.0 123.7 107.0 0 1.6 1.7 1.7 1.8 1.7 0.9 1.1 1.1 1.4 1.4 1.5 1.6 1.5 1.8 2.0 2.4 2.7 2.8
Other Current Liabilities 109.4 97.6 29.9 26.1 26.0 29.4 27.7 22.9 19.9 22.3 21.1 19.9 22.6 28.6 21.5 32.1 21.5 21.5 13.3 11.4 21.7 9.0 0 10.8 14.9 13.0 12.9 18.4 13.1 10.4 8.7 9.3 7.5 7.1 7.8 7.8 9.8 9.6 8.7 7.5 8.2
Total Current Liabilities 520.1 498.0 450.6 432.6 413.5 407.7 377.9 367.7 336.3 327.2 305.7 291.6 285.5 271.7 252.4 248.3 231.7 223.3 201.4 172.8 160.8 152.2 0 25.7 32.8 21.7 21.1 30.3 27.8 24.6 23.2 26.6 22.9 19.7 18.5 16.4 24.1 23.5 19.2 16.0 13.5
Non-Current Liabilities
Long-Term Debt 29.4 33.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 68.6 70.6 81.5 81.5 85.0 87.0 92.0 96.4 100.4 101.0 107.0 107.2 106.5 108.2 108.2 110.0 112.9 115.1
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 23.5 23.1 22.6 22.9 22.4 24.5 36.6 38.0 40.3 44.2 43.2 42.7 42.1 42.4 41.7 41.8 40.2 40.7
Other Non-Current Liabilities 36.7 5.5 38.4 36.8 35.3 36.0 36.7 33.1 28.4 30.5 26.9 26.8 28.7 28.5 26.1 24.8 20.8 21.4 18.3 3,295.9 16.6 2,911.9 0 3.5 3.8 4.3 1.7 4.1 3.9 4.0 4.2 4.0 3.9 3.7 3.3 2.8 2.5 2.3 2.1 1.6 1.5
Total Non-Current Liabilities 66.1 72.0 69.9 63.6 65.9 66.2 62.2 60.8 53.0 57.3 53.9 51.1 54.9 56.7 50.7 50.3 47.8 21.4 18.3 3,295.9 16.6 2,911.9 0 103.8 106.1 117.5 115.3 120.3 116.2 133.5 139.1 145.3 149.5 154.4 153.5 152.3 153.7 152.7 154.3 155.9 158.3
Total Liabilities 586.2 570.1 520.5 496.2 479.4 474.0 440.2 428.5 389.3 384.5 359.6 342.7 340.4 328.4 303.1 298.7 279.5 244.8 219.6 3,468.6 177.5 3,064.2 0 138.0 147.7 148.7 148.9 164.0 144.0 158.2 162.2 171.8 172.4 174.1 172.0 168.7 177.8 176.2 173.6 172.3 172.2
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 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2
Retained Earnings (3,557.0) (3,552.2) (3,743.6) (3,738.9) (3,737.2) (3,735.9) (3,714.0) (3,684.0) (3,663.8) (3,640.5) (3,612.4) (3,581.4) (3,545.7) (3,503.1) (3,447.6) (3,389.8) (3,320) (3,270.9) (3,196.2) (3,088.8) (2,559.0) (2,697.2) 0 (20.5) (22.3) (24.3) (23.7) (25.1) (18.6) (32.1) (30.2) (24.0) (18.6) (20.1) (19.7) (20.6) (21.2) (23.8) (25.0) (28.9) (28.2)
Accumulated Other Comprehensive Income (3.6) (1.6) (1.7) 0.1 0.6 (0.3) 1.8 (1.0) (1.3) (0.8) (4.9) (5.6) (4.5) (7.4) (8.8) (6.3) (4.4) (0.7) (0.0) (0.0) 0.2 0.4 (1,122.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 1,019.2 1,032.7 851.5 984.6 1,061.8 1,137.9 1,135.0 1,115.1 1,078.1 1,072.3 1,058.5 1,057.7 1,050.4 1,051.8 1,060.0 1,079.6 1,111.2 1,238.0 1,267.9 (3,088.8) 195.7 (2,696.7) 211.9 101.0 99.0 97.1 97.6 95.9 102.2 88.5 90.3 96.3 101.5 99.8 100.0 98.5 97.7 94.7 93.2 88.3 89.1
Total Liabilities & Equity 1,605.4 1,602.7 1,372.0 1,480.8 1,541.2 1,611.9 1,575.2 1,543.6 1,467.4 1,456.8 1,418.1 1,400.3 1,390.8 1,380.2 1,363.1 1,378.3 1,390.7 1,482.8 1,487.5 379.8 373.2 367.4 211.9 239.0 246.7 245.8 246.4 259.9 246.2 246.7 252.5 268.1 273.9 273.9 272.0 267.2 275.5 270.9 266.7 260.6 261.2
Debt Metrics
Total Debt 29.4 66.6 39.7 36.0 39.9 38.3 31.2 31.7 26.3 29.5 30.8 30.0 33.4 34.9 30.0 31.4 31.5 0 0 0 0 0 0 77.0 82.0 84.5 84.5 90.6 95.4 100.4 104.8 108.8 108.8 112.1 110.9 108.8 111.0 111.7 112.8 115 115.1
Net Debt (518.8) (565.6) (381.3) (449.9) (554.4) (582.0) (359.9) (278.6) (441.7) (458.6) (427.4) (326.2) (311.0) (269.1) (402.3) (558.7) (572.0) (747.9) (1,180.0) (104.8) (120.8) (95.4) 222.9 76.7 76.3 81.2 82.8 89.1 93.2 99.5 103.3 108.4 106.8 111.5 110.4 108.3 104.2 106.2 111.7 114.4 111.1
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 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
Operating Activities
Net Income (4.8) 183.7 (4.7) 0 (1.3) (21.9) 0 (20.2) (23.3) (28.1) (31.0) (35.7) (42.7) (55.5) (57.8) (69.8) (49.1) (74.7) (107.4) (7.4) (146.6) (1.5) 1.4 (3.4) (53.7) 1.8 2.0 (0.6) 1.4 1.6 13.5 (1.9) (6.2) (5.4) 1.5 (0.4) 1.0 0.6 2.6 1.1 (1.9)
Depreciation & Amortization 7.9 6.6 6.6 6.3 6.4 6.4 6.3 3.7 3.0 3.0 3.0 4.9 3.1 4.7 4.4 4.2 4.4 3.5 3.4 3.2 3.2 3.0 2.8 1.4 1.4 1.5 1.6 1.7 1.9 2.1 2.1 2.3 2.9 3.1 3.5 3.1 2.9 2.7 2.4 2.7 2.5
Stock-Based Compensation 43.9 (2.7) 48.5 49.3 51.7 50.4 58.7 55.1 52.4 50.6 55.1 0 50.7 0 0 0 0 49.2 124.3 0 0 0.3 0 0.0 43.2 0.2 (0.1) 0.2 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.5
Change in Working Capital 2.9 14.1 6.1 (4.1) (6.3) (2.9) 1.6 6.9 4.1 1.8 (7.1) (5.0) (3.8) 1.2 (9.0) 3.3 (6.6) 13.0 9.4 1.6 4.1 11.9 6.1 (3.3) (0.3) 1.2 (9.1) 2.3 6.9 (2.4) (1.6) (1.5) 1.7 (7.3) (0.5) (0.1) (2.7) (1.1) 3.4 (2.5) 0.1
Other Non-Cash Items 18.4 (134.0) 7.0 7.1 8.0 8.2 (24.3) 5.1 3.9 4.9 8.2 55.7 4.0 59.5 58.3 55.4 52.3 4.1 (20.0) 3.5 147.1 2.3 2.4 11.1 9.9 (5.1) 10.3 (1.7) (11.7) 2.2 5.3 6.9 7.8 12.8 1.9 0.5 2.1 (0.7) (5.6) 7.3 4.4
Operating Cash Flow 62.4 70.9 63.5 58.6 58.0 41.4 42.3 36.3 40.6 30.9 23.9 19.9 11.5 7.2 (4.2) (6.8) 1.4 4.8 (2.0) 0.9 7.8 13.5 12.8 5.7 0.5 (0.1) 5.2 1.6 (0.9) 4.3 7.3 4.6 4.2 (0.5) 7.5 3.9 4.0 1.4 5.8 8.2 4.2
Investing Activities
Capital Expenditure (3.9) 9.7 (6.3) (0.4) (1.3) (5.1) (1.1) (3.5) (1.9) (2.3) (1.8) (1.8) (2.4) (3.1) (3.0) (3.4) (2.7) (2.0) (2.1) (2.0) (2.9) (1.6) (2.5) (1.2) (1.3) (0.3) (0.1) (0.2) (0.2) (0.1) (1.0) (0.7) (1.2) (1.1) (3.5) (5.0) (3.9) (5.6) (4.9) (2.7) (1.6)
Acquisitions (56.9) 0 0 0 0 0 0 (213.9) 0.0 0 (104.0) 0.0 0 0.0 0.0 0.1 0.0 0.1 24.0 0.5 0.1 0.8 1.4 0 (5.1) (0.0) (0.1) 0 0 0 0 0 0 0 (0.1) (0.0) (2.4) 0 (0.2) (0.2) (1.7)
Purchases of Investments (147.4) (95.8) (143.8) (225.3) (121.9) (53.9) 0 (174.3) (218.9) (189.1) (161.3) (274.7) (217.8) (310.1) (250.3) (136.8) (151.4) (531.2) (44.0) (84.5) (26.4) (16.6) (33.1) 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)
Sales/Maturities of Investments 129.4 277.5 195.5 187.5 172.2 269.9 225.8 209.0 183.0 203.6 265.2 279.2 261.5 189.4 113.1 144.9 128.5 100.9 56.8 71.6 45.0 45.0 34.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (3.4) (22.2) (4.4) (4.7) (2.7) (4.1) (174.6) 0 0 (1.2) 104.0 0 (2.0) 0 0 0 0 0 (24.0) 0 0 (0.8) (1.4) 4.2 (33.2) 0.1 0.0 0.2 7.4 0.1 0.1 0.0 2.2 0.0 1.0 0.0 0.1 0.2 1.3 0.0 0.0
Investing Cash Flow (82.3) 157.2 45.5 (42.8) 46.2 209.1 50.1 (182.7) (37.8) 12.2 102.1 2.8 41.3 (123.8) (140.2) 4.8 (25.6) (432.3) 10.7 (14.4) 15.8 26.8 (1.6) 3.0 (39.6) (0.3) (0.2) 0.0 7.2 (0.0) (0.9) (0.7) 1.0 (1.1) (2.6) (4.9) (6.3) (5.5) (3.8) (2.8) (3.3)
Financing Activities
Net Debt Issuance 0 (8.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (48.4) 0 (159.1) (113.6) (113.6) (13.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.4) (0.0) 0 0 0 0.0 (0.0) (0.0) (0.0) (0.1) (0.0) (0.1) (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
Other Financing Activities (7.2) (11.2) (14.9) (13.7) (16.7) (10.7) (11.6) (15.0) (23.0) (16.2) (24.0) (15.3) (12.4) (15.5) (13.4) (18.4) (119.9) (3.3) (4.0) 0 0 (0.8) (1.1) 0.0 0 (5.1) (2.6) 0 (6.1) (4.9) (5.1) (4.5) (4.1) (0.1) (3.3) 1.1 2.3 (2.3) (0.6) (1.0) (0.9)
Financing Cash Flow (55.5) (16.9) (174.1) (124.0) (130.3) (21.3) (11.6) (11.4) (23.0) (13.2) (24.0) (11.0) (12.4) (11.6) (13.4) (11.3) (120.0) (4.7) 1,065.4 (2.4) (0.0) (0.8) (1.1) 0.0 0 (5.1) (2.6) 0 (6.1) (4.9) (5.1) (4.5) (4.1) (0.1) (3.3) 1.1 2.3 (2.3) (0.6) (1.0) (0.9)
Cash Position
Net Change in Cash (82.9) 211.2 (65.0) (108.3) (26.1) 229.2 80.8 (157.7) (20.1) 29.9 102.0 11.7 40.4 (128.3) (157.8) (13.4) (144.3) (432.1) 1,074.0 (15.9) 120.8 39.4 10.0 8.8 (39.1) (5.4) 2.4 1.7 0.2 (0.7) 1.3 (0.6) 1.1 (1.6) 1.6 0.1 (0.0) (6.4) 1.4 4.4 0.0
Cash at Beginning 632.2 421.0 486.1 594.3 620.4 391.2 310.4 468.0 488.1 458.3 356.3 344.5 304.2 432.4 590.2 603.5 747.9 1,180.0 105.9 120.8 0 58.9 48.8 40.1 79.1 5.8 3.4 1.7 1.5 2.2 0.9 1.5 0.4 2.1 0.5 0.4 0.5 6.9 5.5 1.1 1.0
Cash at End 549.3 632.2 421.0 486.1 594.3 620.4 391.2 310.3 468.0 488.2 458.3 356.2 344.6 304.1 432.4 590.2 603.5 747.9 1,180.0 104.9 120.8 98.3 58.9 48.8 40.1 0.4 5.8 3.4 1.7 1.5 2.2 0.9 1.5 0.4 2.1 0.5 0.4 0.5 6.9 5.5 1.1
Free Cash Flow 58.5 80.6 57.2 58.2 56.7 36.3 41.3 32.8 38.7 28.6 22.1 18.1 9.1 4.0 (7.2) (10.2) (1.4) 2.8 (4.2) (1.1) 4.8 11.9 10.3 4.5 (0.8) (0.4) 5.1 1.4 (1.1) 4.2 6.3 3.9 3.0 (1.6) 4.0 (1.0) 0.1 (4.2) 0.9 5.5 2.6
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 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
Income Statement
Revenue 228.6 222.7 215.1 204.7 196.3 194.6 186.6 174.1 165.1 160.1 153.6 145.1 137.7 133.2 128.8 121.4 114.6 105.5 96.6 88.3 80.6 73.0 66.2 56.5 54.0 29.0 32.0 28.8 30.8 34.8 30.7 26.8 29.1 32.0 35.5 28.5 29.9 33.0 33.8 28.1 29.1 29.2 28.3 22.2 21.8
Gross Profit 193.9 190.6 182.2 173.5 166.4 165.1 156.8 146.0 139.3 133.1 127.3 120.2 112.5 108.0 104.6 97.4 92.2 85.1 74.4 69.6 63.9 57.5 53.0 44.8 40.6 24.8 27.3 24.6 25.5 28.6 24.2 21.0 22.8 24.8 27.7 22.0 23.1 25.7 7.2 21.7 22.7 23.1 22.3 17.5 17.3
Operating Income (8.1) 39.7 (7.5) (8.7) (10.4) (23.8) (38.9) (43.8) (32.2) (40.0) (38.7) (43.3) (48.1) (60.6) (58.3) (67.4) (47.1) (56.4) (140.3) (6.4) (1.7) (3.4) 0.1 (4.1) (48.4) 3.9 4.0 0.5 3.3 3.5 2.6 (2.1) (6.9) (7.9) 3.8 0.7 2.8 2.3 4.7 3.0 2.6 5.3 6.4 3.5 0.8
Net Income (4.8) 191.4 (4.7) (1.7) (1.3) (21.9) (30.0) (20.2) (23.3) (28.1) (31.0) (35.7) (42.7) (55.5) (57.8) (69.8) (49.1) (74.7) (107.4) (7.4) (2.4) (1.5) 1.4 (3.4) (88.1) 1.8 2.0 (0.6) 1.4 1.6 13.5 (1.9) (6.2) (5.4) 1.5 (0.4) 1.0 0.6 2.6 1.1 (1.9) 2.6 2.8 (0.8) (1.6)
EPS (Diluted) -0.02 0.67 -0.02 -0.01 -0.00 -0.07 -0.10 -0.07 -0.08 -0.09 -0.11 -0.12 -0.15 -0.19 -0.20 -0.24 -0.18 -0.28 -0.39 -0.03 -0.01 -0.01 0.01 -0.04 -0.19 0.11 0.12 -0.04 0.08 0.09 0.80 -0.11 -0.37 -0.32 0.09 -0.03 0.06 0.04 0.16 0.07 -0.11 0.15 0.23 -0.07 -0.21
Balance Sheet
Cash & Equivalents 548.2 632.1 420.9 486.0 594.2 620.3 391.1 310.3 468.0 488.1 458.2 356.2 344.5 304.1 432.3 590.1 603.5 747.9 1,180.0 104.8 120.8 95.4 (222.9) 0.4 5.8 3.4 1.7 1.5 2.2 0.9 1.5 0.4 2.1 0.5 0.4 0.5 6.9 5.5 1.1 0.6 4.0
Total Assets 1,605.4 1,602.7 1,372.0 1,480.8 1,541.2 1,611.9 1,575.2 1,543.6 1,467.4 1,456.8 1,418.1 1,400.3 1,390.8 1,380.2 1,363.1 1,378.3 1,390.7 1,482.8 1,487.5 379.8 373.2 367.4 0 239.0 246.7 245.8 246.4 259.9 246.2 246.7 252.5 268.1 273.9 273.9 272.0 267.2 275.5 270.9 266.7 260.6 261.2
Total Debt 29.4 66.6 39.7 36.0 39.9 38.3 31.2 31.7 26.3 29.5 30.8 30.0 33.4 34.9 30.0 31.4 31.5 0 0 0 0 0 0 77.0 82.0 84.5 84.5 90.6 95.4 100.4 104.8 108.8 108.8 112.1 110.9 108.8 111.0 111.7 112.8 115 115.1
Stockholders' Equity 1,019.2 1,032.7 851.5 984.6 1,061.8 1,137.9 1,135.0 1,115.1 1,078.1 1,072.3 1,058.5 1,057.7 1,050.4 1,051.8 1,060.0 1,079.6 1,111.2 1,238.0 1,267.9 (3,088.8) 195.7 (2,696.7) 211.9 101.0 99.0 97.1 97.6 95.9 102.2 88.5 90.3 96.3 101.5 99.8 100.0 98.5 97.7 94.7 93.2 88.3 89.1
Cash Flow
Operating Cash Flow 62.4 70.9 63.5 58.6 58.0 41.4 42.3 36.3 40.6 30.9 23.9 19.9 11.5 7.2 (4.2) (6.8) 1.4 4.8 (2.0) 0.9 7.8 13.5 12.8 5.7 0.5 (0.1) 5.2 1.6 (0.9) 4.3 7.3 4.6 4.2 (0.5) 7.5 3.9 4.0 1.4 5.8 8.2 4.2
Capital Expenditure (3.9) 9.7 (6.3) (0.4) (1.3) (5.1) (1.1) (3.5) (1.9) (2.3) (1.8) (1.8) (2.4) (3.1) (3.0) (3.4) (2.7) (2.0) (2.1) (2.0) (2.9) (1.6) (2.5) (1.2) (1.3) (0.3) (0.1) (0.2) (0.2) (0.1) (1.0) (0.7) (1.2) (1.1) (3.5) (5.0) (3.9) (5.6) (4.9) (2.7) (1.6)
Free Cash Flow 58.5 80.6 57.2 58.2 56.7 36.3 41.3 32.8 38.7 28.6 22.1 18.1 9.1 4.0 (7.2) (10.2) (1.4) 2.8 (4.2) (1.1) 4.8 11.9 10.3 4.5 (0.8) (0.4) 5.1 1.4 (1.1) 4.2 6.3 3.9 3.0 (1.6) 4.0 (1.0) 0.1 (4.2) 0.9 5.5 2.6