Galaxy Digital logo GLXY - Galaxy Digital

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $37.43 DETAILS
HIGH: $60.00
LOW: $24.00
MEDIAN: $36.00
CONSENSUS: $37.43
UPSIDE: 30.65%
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 Q3 2019 Q2 2019 Q1 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 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q3
Revenue
Revenue 10,213.2 10,224.0 29,218.9 9,056.6 12,976.2 16,352.4 8,712.3 8,864.7 9,335.4 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 0 0 0 0 0 0 0 0 0 0 0 0 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 10,022.6 10,312.7 28,300.2 8,636.4 12,960.6 15,764.2 8,549.1 8,845.8 9,297.6 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 190.6 (88.7) 918.7 420.2 15.6 588.2 163.1 18.9 37.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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
R&D Expenses 0 0 0 0 9.9 0 0 0 6.5 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 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 0.0 0.8 1.4 1.6 1.9 4.8 2.3 2.7 1.6 1.1 1.3 2.1 0.2 0.3 0.3 0
SG&A Expenses 123.9 135.6 162.3 112.1 150.7 307.9 86.7 93.6 84.9 0.4 0.3 0.8 0.7 0.5 0.4 0.9 0.7 0.8 0.6 1.4 1.4 0.9 0.5 0.3 0.2 0.3 0.3 0.2 (0.1) 0.3 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.1 0.0 0.1 0 0.2 0.1 0.1 0.1 0.1 0.8 0.2 0.7 0.8 0.8 0.8 1.9 1.0 1.1 1.0 0.8 0.7 0.7 0.3 0.5 0.3 0.0
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0 (0.0) 0 0 0 0.0 0.0 0.0 0.0 0.0 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 123.9 135.6 162.3 112.1 160.6 307.9 86.7 93.6 91.4 0.4 0.3 0.8 0.7 0.5 0.4 0.9 0.7 0.8 0.6 1.4 1.4 0.9 0.5 0.3 0.2 0.3 0.3 0.2 (0.1) 0.3 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 0.1 0.0 0.1 (0.0) 0.2 0.1 0.1 0.1 0.1 0.8 0.2 1.6 2.2 2.4 2.7 6.7 3.2 3.8 2.5 1.9 1.9 2.7 0.6 0.8 0.7 0.0
Operating Income
Operating Income 66.7 (224.3) 756.4 308.1 (145.0) 280.3 76.4 (74.7) (53.6) (0.4) (0.3) (0.8) (0.7) (0.5) (0.4) (0.9) (0.7) (0.8) (0.6) (1.4) (1.4) (0.9) (0.5) (0.3) (0.2) (0.3) (0.3) (0.2) 0.1 (0.3) (0.3) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (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) (0.1) (0.0) (0.1) 0.0 (0.2) (0.1) (0.1) (0.1) (0.1) (0.8) (0.2) (1.6) (2.2) (2.4) (2.7) (6.7) (3.2) (3.8) (2.5) (1.9) (1.9) (2.7) (0.6) (0.8) (0.7) (0.0)
Interest Expense 17.6 16.5 14.4 14.2 14.1 9.7 7.1 7.0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 1.9 1.2 1.1 0.9 0.9 0.7 0.4 0 0 0 0 0 0 0 0 0 0 0 0 0.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 72.6 (217.7) 763.8 314.6 (131.4) 293.7 89.4 (63.7) (44.1) (0.4) (0.3) (0.8) (0.7) (0.5) (0.4) (0.9) (0.7) (0.8) (0.6) (1.4) (1.4) (0.9) (0.5) (0.3) (0.2) (0.3) (0.3) (0.2) 0.1 (0.3) (0.3) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (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) (0.1) (0.0) (0.1) 0.0 (0.2) (0.1) (0.1) (0.1) (0.1) (0.8) (0.2) (1.5) (2.2) (2.3) (2.7) (6.7) (3.2) (3.8) (2.5) (1.8) (1.9) (2.7) (0.6) (0.8) (0.7) (0.0)
EBIT 66.7 (224.3) 756.4 308.1 (145.0) 280.3 76.4 (74.7) (53.6) (0.4) (0.3) (0.8) (0.7) (0.5) (0.4) (0.9) (0.7) (0.8) (0.6) (1.4) (1.4) (0.9) (0.5) (0.3) (0.2) (0.3) (0.3) (0.2) 0.1 (0.3) (0.3) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (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) (0.1) (0.0) (0.1) 0.0 (0.2) (0.1) (0.1) (0.1) (0.1) (0.8) (0.2) (1.6) (2.2) (2.4) (2.7) (6.7) (3.2) (3.8) (2.5) (1.9) (1.9) (2.7) (0.6) (0.8) (0.7) (0.0)
Income Before Tax (234.6) (556.5) 545.2 42.2 (301.5) 177.0 (41.2) (203.2) 539.1 409.5 (74.7) 61.5 97.0 (194.2) (165.0) (185.4) (34.0) 153.2 152.1 (51.1) 249.9 92.1 9.5 8.0 (6.2) (14.9) 25.1 2.9 (14.8) (0.3) (0.3) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (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) (0.1) (0.0) (0.1) (0.0) (0.1) 0.0 (0.2) (0.1) (0.1) (0.1) (0.1) (0.8) (0.2) (1.6) (2.2) (2.4) (2.7) (6.7) (3.2) (3.8) (2.5) (1.9) (1.9) (2.7) (0.6) (0.8) (0.7) (0.0)
Income Tax Expense (18.2) (74.8) 40.1 11.5 (6.1) (4.3) (7.9) (14.0) 9.3 37.9 (5.9) 1.1 5.3 (3.7) (8.6) (32.0) (11.6) 13.5 42.5 (1.9) 47.8 0 0 0 0 0 0 0 0 0 0 0 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 (0.0) 0 0.0 (0.0) (0.0) 0.5 0.2 (0.0) (0.0) (0.1) (0.1) (0.1) (0.3) (0.2) (0.1) (0.1) (0.0) (0.1) (0.2) (0.0) 0
Net Income (94.5) (195.4) 208.5 14.5 (295.4) 191.6 (12.3) (45.4) 388.1 371.5 (68.8) 60.4 91.6 (190.5) (156.4) (153.4) (22.4) 139.7 109.6 (49.2) 202.1 92.1 9.5 8.0 (6.2) (14.9) 25.1 2.9 (14.8) (0.3) (0.3) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (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) (0.1) (0.0) (0.1) 0.0 (0.1) 0.0 (0.2) (0.1) (0.1) (0.2) (0.1) (0.8) (0.7) (1.8) (2.2) (2.3) (2.6) (6.6) (3.2) (3.5) (2.3) (1.8) (1.9) (2.7) (0.5) (0.7) (0.6) (0.0)
Per Share Data
EPS (Basic) -0.49 -1.03 1.19 0.10 -2.31 1.52 -0.10 -0.37 3.54 3.40 -0.64 0.57 0.89 -1.82 -1.46 -1.40 -0.22 0.42 1.15 -0.53 2.22 1.34 0.15 0.12 -0.09 -0.22 0.38 0.04 -0.35 -2.15 -1.77 -0.23 -0.25 -0.25 -0.13 -0.25 -0.38 0.02 -0.38 0.03 0.13 -0.13 -0.21 -0.25 -0.13 -0.25 -0.51 -0.25 -0.51 0.63 0.25 -1.26 -1.26 -2.53 -7.58 -16.43 -20.22 -24.01 -31.59 -29.14 -21.48 -26.50 -29.58 -7.42 -11.40 -9.74 -0.72
EPS (Diluted) -0.49 -1.03 1.01 0.10 -2.31 0.62 -0.10 -0.37 3.54 2.96 -0.64 0.50 0.77 -1.82 -1.46 -1.40 -0.22 0.42 1.07 -0.53 1.92 1.11 0.14 0.12 -0.09 -0.22 0.35 0.04 -0.35 -2.15 -1.77 -0.23 -0.25 -0.25 -0.13 -0.25 -0.38 0.02 -0.38 0.03 0.13 -0.13 -0.21 -0.25 -0.13 -0.25 -0.51 -0.25 -0.51 0.63 0.25 -1.26 -1.26 -2.53 -7.58 -16.43 -20.22 -24.01 -31.59 -29.14 -21.48 -26.50 -29.58 -7.42 -11.40 -9.74 -0.72
Shares Outstanding 192.1 190.3 174.7 143.1 128.0 126.4 125.4 122.3 109.5 109.3 106.7 105.5 103.4 104.8 107.2 109.7 100.5 97.4 95.4 92.7 91.0 69.0 64.8 64.2 66.4 66.9 66.1 65.5 42.2 0.2 0.2 0 0.2 0.2 0.2 0 0.2 0.2 0.2 0 0.2 0.2 0.2 0 0.2 0.2 0.2 0 0.2 0.2 0.2 0 0.2 0.2 0.2 0 0.2 0.2 0.2 0 0.1 0.1 0.1 0 0.1 0.1 0.1 0 0.1 0.1 0.1 0 0.1 0.1 0.1 0 0.1 0.1 0.1 0.1
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 Q1 2019 Q2 2019 Q1 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 Q4 2013 Q4 2013 Q3 2009 Q2 2009 Q1 2008 Q3 2007 Q3
Current Assets
Cash & Cash Equivalents 910.7 1,246.2 1,137.4 691.3 509.4 739.2 1.7 1.7 1.7 0.8 0 0 0 10.0 2.9 8.7 3.2 26.8 14.0 6.5 7.3 54.9 0 0 222.1 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.6 0.7 0.8 0.8 3.5 6.0 11.2 21.8
Short-Term Investments 0 0 0 0 3,184.1 3,742.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 169.6 151.9 202.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 730.8 1,081.5 1,307.0 1,468.0 739.8 1,165.0 112.5 106.9 97.8 88.4 90.3 88.3 79.9 68.9 32.6 29.4 17.8 20.5 42.2 50.0 52.7 41.3 11.1 8.6 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 0.0 0.0 0.0 0.0 0.2
Inventory 0 0 0 0 0 0 0 0 2,035.3 0 983.7 1,113.8 854.1 0 0 875.1 2,265.4 0 0 0 0 78.7 184.6 90.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 5,299.1 6,188.2 6,612.8 5,197.5 646.0 234.5 0 (5.9) (2,035.3) 0 (1,005.4) (1,123.7) (860.8) 0 0 (932.8) (2,367.1) 0 0 0 0 10.2 (349.6) (302.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 6,940.6 8,515.9 9,057.2 7,356.8 5,093.0 5,880.9 114.2 108.7 99.5 89.2 90.3 88.3 79.9 78.9 35.5 38.8 21.0 47.3 56.3 56.5 60.0 356.2 0 0 222.1 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.7 0.8 0.8 3.5 6.1 11.3 22.0
Non-Current Assets
Property, Plant & Equipment 1,777.9 1,423.1 874.1 596.1 262.2 237.0 0 277.6 271.9 0 250.0 247.9 231.6 0 0 165.1 44.5 0 0 0 0 9.0 8.5 8.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Goodwill 66.5 66.5 62.7 62.2 58.0 58.0 0 44.3 44.3 0 44.3 44.3 45.3 0 0 24.6 24.6 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
Intangible Assets 2,739.7 3,526.2 3,785.1 3,186.1 0 37.4 0 37.3 0 0 37.1 34.7 32.6 0 0 2.5 2.8 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 0.7 0.7 0.6
Long-Term Investments 875.1 1,023.2 1,252.4 863.7 809.9 836.8 929.8 945.3 898.3 763.9 344.5 417.6 361.7 257.8 475.7 651.3 817.0 841.5 623.6 470.3 512.4 73.8 238.9 210.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets (2,407.7) (3,206.9) (3,508.6) (2,978.9) 113.1 69.8 0 (359.1) (316.1) 0 (331.3) (326.9) (309.4) 0 0 (192.2) (71.9) 0 0 0 0 (9.0) (8.5) (8.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0
Total Non-Current Assets 3,051.4 2,832.1 2,465.5 1,729.2 1,243.2 1,239.0 944.3 958.9 898.3 786.0 403.1 470.7 414.4 315.4 488.7 664.0 821.4 841.5 625.4 470.3 512.4 73.8 238.9 210.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0.7 0.7 0.6
Total Assets 9,992.0 11,348.1 11,522.7 9,086.0 6,336.2 7,119.9 1,058.6 1,067.5 997.8 875.2 493.4 559.0 494.3 394.3 524.2 702.8 842.4 888.8 681.7 526.8 572.4 73.8 238.9 210.5 222.1 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.7 0.8 0.8 4.0 6.8 12.0 22.7
Current Liabilities
Account Payables 270.0 277.7 421.4 226.1 3.7 27.9 0 40.8 111.6 0 0.8 17.1 25.1 0 0 23.4 46.6 0 0 0 0 0.7 6.1 0 0.6 0.3 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 2.3 0.7
Short-Term Debt 432.7 2,842.3 3,372.1 3,184.6 3,158.2 2,105.3 0 1,161.6 1,251.0 0 323.8 356.6 302.8 0 0 530.9 993.8 0 0 0 0 16.4 0.5 22.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0.4 0 0.4 0 0 0.1 0.1 0.2 0 0 2.4 2.2 0 0 0 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 3,382.2 2,191.5 302.6 175.0 319.6 1,682.9 0 (1,194.0) (1,255.0) 0 (364.1) (392.1) (332.7) 0 0.3 (597.2) (1,029.5) 20.5 40.7 50.0 0 1.6 5.3 (32.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.5 1.6 0 0
Total Current Liabilities 4,084.9 5,311.5 6,730.4 5,471.5 3,502.0 3,887.9 61.7 62.3 58.7 57.2 59.3 58.9 58.5 56.8 24.4 38.3 76.5 66.6 107.7 81.2 22.6 32.1 17.4 0 0.6 0.3 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 0.5 1.6 2.3 0.7
Non-Current Liabilities
Long-Term Debt 2,625.7 2,488.6 1,159.9 734.1 770.4 845.2 0 427.7 421.4 0 395.9 393.5 389.2 0 0 424.8 472.4 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
Deferred Tax Liabilities 0 0 0 0 0 17.7 0 46.7 5.7 0 30.9 0 0 0 0 0 0 30.6 0 6.9 32.5 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 502.8 513.2 460.1 256.1 155.6 167.7 37.2 (445.5) (393.6) 37.0 (399.9) (366.2) (362.7) 38.2 40.5 (397.8) (479.7) 5.3 6.1 0 52.7 0 0 (4.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Non-Current Liabilities 3,128.5 3,001.8 1,620.0 990.3 932.5 1,037.6 37.2 37.2 42.7 37.0 38.1 38.1 38.1 38.2 40.5 38.0 5.3 35.9 6.1 6.9 85.2 4.7 4.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Liabilities 7,213.4 8,313.3 8,350.4 6,461.7 4,434.5 4,925.5 98.9 99.5 101.4 94.2 97.4 97.0 96.6 95.0 64.9 76.4 81.8 102.5 113.7 88.1 107.8 0 0 0 0.6 0.3 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 0.5 1.6 2.3 0.7
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 1,901.6 2,194.4 541.6 538.2 421.5 422.2 413.9 421.9 418.9 419.9 395.8 415.8 407.2 417.4 346.6 334.2 314.8 239.5 240.0 237.8 1.7 1.8 1.8 1.8 1.8 1.7 1.7 1.8 1.8 1.8 1.7 1.7 1.8 2.0 2.2 2.2 0 0 0 0
Retained Earnings 250.8 342.9 540.8 332.3 0 0 308.2 324.6 374.1 264.1 (107.5) (38.7) (99.1) (190.7) (0.2) 156.2 309.6 332.0 192.3 82.8 132.0 (179.6) (12.9) (38.1) (4.9) (4.6) (4.3) (4.2) (4.2) (4.1) (4.1) (4.1) (4.1) (4.0) (4.0) (4.0) (4.0) (3.9) (3.9) (3.8) (29.6) (27.9) (23.3) 0
Accumulated Other Comprehensive Income 0.2 (2.0) (2.6) 0 0 0.8 109.8 105.2 100.9 94.8 89.6 78.8 77.9 70.1 63.6 54.4 43.9 36.9 29.0 21.8 17.8 14.0 11.8 10.7 0.9 0.8 2.7 0.6 0.8 0.9 0.9 0.8 0.8 0.8 1.0 0.9 0.7 0.4 0.1 (0.0) 0 0 0.9 0.9
Total Stockholders' Equity 1,811.7 1,924.9 1,762.4 1,506.3 1,901.6 2,194.4 959.6 968.0 896.5 781.0 396.0 462.0 397.7 299.3 459.3 626.4 760.6 786.3 567.9 438.7 464.5 73.8 238.9 210.5 221.5 (0.1) 0.2 0.3 0.3 0.4 0.4 0.4 0.4 0.5 0.5 0.5 0.6 0.7 0.8 0.8 3.5 5.2 9.7 22.0
Total Liabilities & Equity 9,992.0 11,348.1 11,522.7 9,086.0 6,336.2 7,119.9 1,058.6 1,067.5 997.8 875.2 493.4 559.0 494.3 394.3 524.2 702.8 842.4 888.8 681.7 526.8 572.4 73.8 238.9 210.5 222.1 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.7 0.8 0.8 4.0 6.8 12.0 22.7
Debt Metrics
Total Debt 3,058.4 5,330.9 4,532.0 3,918.7 3,935.1 2,957.4 0 1,601.5 1,685.6 0 732.7 764.2 708.0 0 0 970.2 1,481.1 0 0 0 0 21.9 5.2 26.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt 2,147.7 4,084.7 3,394.5 3,227.4 3,425.7 2,218.1 (1.7) 1,599.8 1,683.9 (0.8) 732.7 764.2 708.0 (10.0) (2.9) 961.4 1,477.9 (26.8) (14.0) (6.5) (7.3) (33.1) 5.2 26.8 (222.1) (0.3) (0.3) (0.3) (0.3) (0.3) (0.4) (0.4) (0.5) (0.5) (0.5) (0.5) (0.6) (0.7) (0.8) (0.8) (3.5) (6.0) (11.2) (21.8)
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 Q2 2021 Q1 2020 Q1 2019 Q2 2019 Q1 2018 Q3 2018 Q2 2018 Q1 2010 Q4 2009 Q3 2009 Q2 2008 Q3 2008 Q2 2007 Q4 2007 Q2 2006 Q1
Operating Activities
Net Income (92.2) (481.7) 208.5 14.5 0 34.7 (16.4) (49.4) 110.0 371.5 (68.8) 60.4 91.6 (190.5) (156.4) (153.4) (22.4) (49.2) 202.1 (6.2) 25.1 2.9 (14.8) (0.3) (0.3) (0.1) (0.7) (1.8) (2.6) (3.4) (3.5) (1.8) (0.6)
Depreciation & Amortization 5.8 6.6 7.4 6.5 0 0 0 13.5 11.4 0 8.1 7.3 4.4 0 4.5 4.4 2.5 0.6 0.8 0.3 0.2 0.3 0 0.0 0.0 0 0.0 0.0 0.0 0.0 0.0 0.0 0
Stock-Based Compensation 0 15.1 0 0 0 0 0 11.8 18.1 0 18.9 15.9 23.5 0 27.9 31.3 22.9 13.7 7.3 1.6 7.0 10.1 0 0 0 0.0 (0.1) 0.1 0 0 0 0 0
Change in Working Capital 221.0 (573.8) 590.5 367.2 0 (20.6) (6.3) (5.2) (8.0) (0.2) (3.7) (6.2) (9.3) 28.5 (44.0) (25.2) 12.6 29.8 22.6 (33.8) (5.6) (17.6) (0.6) 0.3 0.2 0.0 (0.2) (1.1) 0.5 (0.1) 1.2 0.1 (0.4)
Other Non-Cash Items (161.9) (10.9) (473.9) (215.6) 0 (63.8) 19.7 274.7 (171.2) (407.6) 48.9 (83.6) (124.0) 201.1 133.3 150.1 8.6 36.8 (258.0) 38.1 (26.8) 4.3 15.1 0.0 (0.0) 0 0.5 0.2 0.1 0.1 0.0 0.1 0.1
Operating Cash Flow (32.9) (1,073.6) 433.2 150.3 0 0.1 (48.5) 233.1 (11.8) 0.8 (2.1) (5.2) (10.0) (8.8) (34.3) (11.8) (21.9) (0.8) 7.3 0 0 (0.0) (0.2) (0.0) (0.1) (0.1) (0.6) (2.5) (2.0) (3.4) (2.3) (1.5) (0.9)
Investing Activities
Capital Expenditure (337.9) (558.0) (240.5) (312.1) 0 0 (3.4) (29.7) (25.2) 0 (12.9) (18.9) (11.0) 0 (14.1) (83.6) (17.7) (0.4) (2.7) 0 (0.0) (0.0) 0 (0.2) (0.2) 0 (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) (0.3)
Acquisitions 0 (6.8) 3.4 (0.9) 0 (12.9) 0.4 (105.7) 13.3 (0.6) 4.2 3.3 0 27.5 48.8 33.2 (2.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (17.5) (104.9) (1,271.9) (663.6) 0 0 0 (317.3) (2,261.6) 0 (31.4) (43.5) (31.3) 0 (50.1) (68.0) (43.4) (116.4) (38.7) (14.2) (7.9) (6.6) 0 (38.1) (48.9) 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 41.6 22.3 1,245.1 632.8 0 0 0 284.8 1,930.8 0 56.0 78.8 16.8 0 14.5 38.7 101.2 29.0 168.2 7.7 73.5 0.1 0 3.0 0 0 0 0 0 0 0 0 0
Other Investing Activities (115.8) 67.3 (108.6) (69.2) 0 19.5 3.4 110.8 355.9 0 (11.7) (16.4) 25.5 0 49.7 113.0 (40.1) 87.9 (126.8) (4.9) (2.3) 1.2 (144.1) (0.8) 0 0 0 0 10 (10) 0 0 0
Investing Cash Flow (429.5) (580.1) (372.4) (412.9) 0 6.6 0.4 (32.0) 13.3 (0.6) 4.2 3.3 0 27.5 48.8 33.2 (2.1) 0 0 (11.4) 63.3 (5.3) (144.1) (36.0) (49.1) 0 (0.0) (0.0) 10.0 (10.0) (0.1) (0.0) (0.3)
Financing Activities
Net Debt Issuance 199.8 1,435.6 391.2 25.6 0 0 37.4 (65.3) 181.0 0 48.6 (3.9) 0.2 0 (2.7) (28.1) 91.5 (25.6) 42.2 (0.1) (0.0) (0.0) 0 30.4 58.8 0 0 0 0 0 0 0 (0.4)
Stock Repurchased (80.0) (4.1) 0 3.3 0 (5.9) (0.8) (13.0) (0.8) (8.3) (2.3) 0 0 (12.3) (21.6) 0 0 0 0 (2.3) (0.3) (2.8) (0.1) 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 9.4 0 0 (9.6) (9.0) (36.7) 0 (2.1) (20.3) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 55.6 331.0 (44.5) (73.0) 0 0 (27.9) 143.7 (144.3) 0 (46.5) 24.3 (0.2) 0 2.7 27.8 (91.2) 25.6 (42.2) 1.7 1.8 2.6 (231.0) 0 0 (0.0) (1.5) 0 0 0 0 19.6 0.6
Financing Cash Flow 179.0 1,762.5 391.5 448.7 0 (6.6) 3.1 178.4 (0.6) 0.6 (2.1) 1.9 0 (11.6) (20.3) (15.9) 0.5 0 0 (0.6) 1.1 (3.1) 7.4 30.4 58.8 0 (1.5) 0 0 0 (0.0) 19.6 12.3
Cash Position
Net Change in Cash (361.8) 108.8 442.3 900.5 0 0.1 0.0 312.3 0.9 0.8 0 0 (10.0) 7.1 (5.8) 5.5 (23.6) (0.8) 7.3 0 0 (0.0) (222.1) 221.8 (0.1) (0.1) (2.0) (2.5) 8.0 (13.4) (2.3) 18.1 11.1
Cash at Beginning 1,446.2 1,137.4 1,410.0 509.4 0.0 1.7 1.7 1.7 0.8 0 0 0 10.0 2.9 8.7 3.2 26.8 7.3 0 0 0 0.0 222.1 0.3 0.3 1.6 3.5 6.0 3.3 16.7 21.8 6.1 0.3
Cash at End 1,084.4 1,246.2 1,852.3 1,410.0 0.0 1.8 1.7 1.7 1.7 0.8 0 0 0 10.0 2.9 8.7 3.2 6.5 7.3 0 0 0 0 222.1 0.3 1.5 1.4 3.5 11.2 3.3 19.5 24.2 11.3
Free Cash Flow (370.8) (1,631.6) 192.7 (161.7) 0 0.1 (51.9) 203.4 (11.8) 0.8 (2.1) (5.2) (10.0) (8.8) (34.3) (11.8) (21.9) (0.8) 7.3 0 0 (0.0) (0.2) (0.0) (0.1) (0.1) (0.6) (2.5) (2.0) (3.4) (2.3) (1.5) (1.2)
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 Q3 2019 Q2 2019 Q1 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 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3 2009 Q2 2009 Q1 2008 Q4 2008 Q3 2008 Q2 2008 Q1 2007 Q4 2007 Q3 2007 Q2 2007 Q1 2006 Q4 2006 Q3 2006 Q2 2006 Q1 2005 Q3
Income Statement
Revenue 10,213.2 10,224.0 29,218.9 9,056.6 12,976.2 16,352.4 8,712.3 8,864.7 9,335.4 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 190.6 (88.7) 918.7 420.2 15.6 588.2 163.1 18.9 37.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Income 66.7 (224.3) 756.4 308.1 (145.0) 280.3 76.4 (74.7) (53.6) (0.4) (0.3) (0.8) (0.7) (0.5) (0.4) (0.9) (0.7) (0.8) (0.6) (1.4) (1.4) (0.9) (0.5) (0.3) (0.2) (0.3) (0.3) (0.2) 0.1 (0.3) (0.3) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (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) (0.1) (0.0) (0.1) 0.0 (0.2) (0.1) (0.1) (0.1) (0.1) (0.8) (0.2) (1.6) (2.2) (2.4) (2.7) (6.7) (3.2) (3.8) (2.5) (1.9) (1.9) (2.7) (0.6) (0.8) (0.7) (0.0)
Net Income (94.5) (195.4) 208.5 14.5 (295.4) 191.6 (12.3) (45.4) 388.1 371.5 (68.8) 60.4 91.6 (190.5) (156.4) (153.4) (22.4) 139.7 109.6 (49.2) 202.1 92.1 9.5 8.0 (6.2) (14.9) 25.1 2.9 (14.8) (0.3) (0.3) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (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) (0.1) (0.0) (0.1) 0.0 (0.1) 0.0 (0.2) (0.1) (0.1) (0.2) (0.1) (0.8) (0.7) (1.8) (2.2) (2.3) (2.6) (6.6) (3.2) (3.5) (2.3) (1.8) (1.9) (2.7) (0.5) (0.7) (0.6) (0.0)
EPS (Diluted) -0.49 -1.03 1.01 0.10 -2.31 0.62 -0.10 -0.37 3.54 2.96 -0.64 0.50 0.77 -1.82 -1.46 -1.40 -0.22 0.42 1.07 -0.53 1.92 1.11 0.14 0.12 -0.09 -0.22 0.35 0.04 -0.35 -2.15 -1.77 -0.23 -0.25 -0.25 -0.13 -0.25 -0.38 0.02 -0.38 0.03 0.13 -0.13 -0.21 -0.25 -0.13 -0.25 -0.51 -0.25 -0.51 0.63 0.25 -1.26 -1.26 -2.53 -7.58 -16.43 -20.22 -24.01 -31.59 -29.14 -21.48 -26.50 -29.58 -7.42 -11.40 -9.74 -0.72
Balance Sheet
Cash & Equivalents 910.7 1,246.2 1,137.4 691.3 509.4 739.2 1.7 1.7 1.7 0.8 0 0 0 10.0 2.9 8.7 3.2 26.8 14.0 6.5 7.3 54.9 0 0 222.1 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.6 0.7 0.8 0.8 3.5 6.0 11.2 21.8
Total Assets 9,992.0 11,348.1 11,522.7 9,086.0 6,336.2 7,119.9 1,058.6 1,067.5 997.8 875.2 493.4 559.0 494.3 394.3 524.2 702.8 842.4 888.8 681.7 526.8 572.4 73.8 238.9 210.5 222.1 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.6 0.6 0.7 0.8 0.8 4.0 6.8 12.0 22.7
Total Debt 3,058.4 5,330.9 4,532.0 3,918.7 3,935.1 2,957.4 0 1,601.5 1,685.6 0 732.7 764.2 708.0 0 0 970.2 1,481.1 0 0 0 0 21.9 5.2 26.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 1,811.7 1,924.9 1,762.4 1,506.3 1,901.6 2,194.4 959.6 968.0 896.5 781.0 396.0 462.0 397.7 299.3 459.3 626.4 760.6 786.3 567.9 438.7 464.5 73.8 238.9 210.5 221.5 (0.1) 0.2 0.3 0.3 0.4 0.4 0.4 0.4 0.5 0.5 0.5 0.6 0.7 0.8 0.8 3.5 5.2 9.7 22.0
Cash Flow
Operating Cash Flow (32.9) (1,073.6) 433.2 150.3 0 0.1 (48.5) 233.1 (11.8) 0.8 (2.1) (5.2) (10.0) (8.8) (34.3) (11.8) (21.9) (0.8) 7.3 0 0 (0.0) (0.2) (0.0) (0.1) (0.1) (0.6) (2.5) (2.0) (3.4) (2.3) (1.5) (0.9)
Capital Expenditure (337.9) (558.0) (240.5) (312.1) 0 0 (3.4) (29.7) (25.2) 0 (12.9) (18.9) (11.0) 0 (14.1) (83.6) (17.7) (0.4) (2.7) 0 (0.0) (0.0) 0 (0.2) (0.2) 0 (0.0) (0.0) (0.0) (0.0) (0.1) (0.0) (0.3)
Free Cash Flow (370.8) (1,631.6) 192.7 (161.7) 0 0.1 (51.9) 203.4 (11.8) 0.8 (2.1) (5.2) (10.0) (8.8) (34.3) (11.8) (21.9) (0.8) 7.3 0 0 (0.0) (0.2) (0.0) (0.1) (0.1) (0.6) (2.5) (2.0) (3.4) (2.3) (1.5) (1.2)