Guidewire Software, Inc. logo GWRE - Guidewire Software, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 18
HOLD 7
SELL 1
STRONG
SELL
0
| PRICE TARGET: $245.17 DETAILS
HIGH: $300.00
LOW: $175.00
MEDIAN: $250.00
CONSENSUS: $245.17
UPSIDE: 74.80%
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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 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 2001 Q4 2001 Q2
Revenue
Revenue 359.1 332.6 356.6 293.5 289.5 262.9 291.5 240.7 240.9 207.4 270.0 207.5 232.6 195.3 244.6 197.4 204.6 165.9 229.4 164.0 180.1 169.8 243.7 168.2 173.5 157.0 207.9 162.9 169.3 179.7 248.6 140.5 163.8 108.2 181.1 123.4 115.6 94.1 141.2 98.9 125.9 85.4 89.4 79.7 118.2 82.0 83.5 66.5 96.9 68.2 72.2 63.3 67.6 57.0 55.1 52.4 51.0 44.5 42.3 34.7 45.8 229.4 204.6
Cost of Revenue 127.6 123.1 124.8 110.8 110.3 104.5 105.1 98.5 98.5 95.1 106.3 108.6 109.1 123.1 128.7 113.5 102.4 97.5 100.1 92.1 91.9 91.0 87.8 85.8 83.6 80.9 82.8 80.3 79.7 81.6 91.7 75.7 67.8 62.9 57.3 51.5 40.8 42.0 42.8 39.0 39.4 37.9 34.1 35.8 33.0 36.3 36.2 37.9 36.8 36.0 31.4 27.6 27.2 24.0 20.7 19.5 18.9 17.9 16.4 15.2 15.7 100.1 108.0
Gross Profit 231.5 209.5 231.8 182.7 179.2 158.4 186.4 142.2 142.4 112.3 163.7 98.9 123.5 72.2 115.9 83.9 102.2 68.4 129.3 71.9 88.2 78.8 155.9 82.4 89.9 76.2 125.1 82.6 88.9 98.6 156.9 66.5 96.0 45.3 123.8 72.0 74.8 52.1 98.4 59.9 86.5 47.5 55.4 44.0 85.2 45.8 47.3 28.7 60.1 32.3 40.8 35.7 40.4 33.0 34.4 32.9 32.1 26.6 25.9 19.5 30.1 129.3 96.6
Operating Expenses
R&D Expenses 83.3 78.3 84.1 72.9 70.3 68.9 75.3 66.1 65.5 62.5 66.8 63.1 61.7 58.2 65.3 58.4 55.8 55.1 59.5 54.2 53.2 52.6 52.2 51.9 50.0 46.5 49.5 47.1 46.5 45.5 45.5 46.8 43.7 35.7 35.5 34.1 30.0 30.8 32.1 29.3 26.3 24.6 22.3 20.3 17.7 19.8 17.5 17.5 18.8 16.9 15.9 14.8 14.4 13.0 12.2 11.0 10.1 9.0 8.2 7.5 7.7 59.5 60.4
SG&A Expenses 109.8 112.7 118.1 105.3 97.2 94.2 100.8 92.8 89.4 83.6 90.8 93.7 85.0 88.5 82.8 87.9 85.8 78.6 69.9 64.6 62.0 57.8 59.3 56.1 57.9 54.3 54.5 51.3 48.7 50.7 56.2 48.5 53.0 42.3 47.3 42.2 36.6 39.7 42.8 36.4 36.7 29.7 29.7 27.3 25.3 25.9 25.3 23.8 25.1 19.8 19.8 21.0 20.8 15.2 16.8 13.8 27.1 12.9 12.3 10.2 10.9 69.9 75.7
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
Operating Expenses 193.1 191.0 202.2 178.2 167.4 163.1 176.1 158.9 154.8 146.1 157.6 156.7 146.7 146.7 148.1 146.3 141.6 133.8 129.4 118.7 115.2 110.4 111.5 108.0 107.9 100.8 104.0 98.4 95.2 96.2 101.7 95.3 96.7 78.0 82.8 76.3 66.6 70.4 74.9 65.6 63.0 54.2 52.0 47.6 43.0 45.6 42.8 41.3 43.9 36.6 35.7 35.8 35.1 28.2 29.0 24.8 37.2 21.9 20.5 17.7 18.6 129.4 136.1
Operating Income
Operating Income 38.9 18.5 29.6 4.5 11.7 (4.7) 10.3 (16.7) (12.4) (33.8) 6.1 (57.8) (23.2) (74.6) (32.2) (62.4) (39.5) (65.4) (0.1) (46.8) (27.1) (31.6) 44.3 (25.6) (18.0) (24.6) 21.1 (15.8) (5.5) 1.1 55.2 (29.2) (0.7) (32.7) 41.0 (4.3) 8.2 (18.3) 23.5 (5.8) 23.5 (6.7) 3.3 (3.6) 26.4 (3.4) 4.5 (12.6) 16.2 (4.4) 5.1 (0.1) 5.3 4.8 5.4 8.1 (5.0) 4.7 5.4 1.8 11.5 (0.1) (39.5)
Interest Expense 3.3 3.3 3.3 3.7 4.2 2.1 1.7 1.7 1.7 1.7 1.7 1.7 1.7 1.7 4.9 4.9 4.8 4.8 4.7 4.7 4.7 4.6 4.5 4.5 4.5 4.4 4.5 4.3 4.3 4.2 4.2 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 0 0 0 (4.7) (4.8)
Interest Income 12.5 14.7 13.5 13.8 15.7 13.6 11.8 10.8 10.3 10.6 7.7 6.6 5.4 4.6 3.9 1 0.7 0.7 1.0 1.6 2.0 2.8 4.0 6.1 7.0 7.6 8.0 7.7 7.6 6.9 6.0 3.8 1.6 1.9 1.6 1.4 1.5 1.3 1.2 2.2 0.6 0.6 0.5 0.5 0.4 0.4 0.3 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0 0.1 0.0 0.1 0 0
Profitability
EBITDA 54.4 34.2 50.5 58.3 (33.1) 10.7 26.3 (6.8) 14.1 (31.5) 22.4 (48.9) 0.1 (76.1) (23.8) (59.6) (38.3) (55.1) 6.9 (32.0) (7.8) (15.7) 64.3 (21.3) (0.5) (6.3) 39.0 1.1 12.2 17.5 70.2 (15.7) 12.2 (24.4) 47.6 2.9 11.5 (15.2) 26.5 (3.5) 25.4 (4.8) 5.2 (1.9) 44.0 1.9 6.1 (11.0) 17.8 (3.2) 6.0 1.0 6.0 5.6 6.0 8.8 (3.8) 5.1 5.8 2.0 11.9 (0.1) (39.5)
EBIT 38.9 27.8 44.3 52.3 (38.8) 4.8 20.6 (12.4) 8.7 (36.9) 17.4 (54.5) (6.5) (83.7) (31.6) (68.3) (46.8) (63.5) (1.1) (40.0) (18.2) (26.2) 54.0 (31.9) (11.3) (17.2) 28.2 (8.6) 2.4 7.8 60.7 (25.5) 2.6 (31.1) 41.0 (2.9) 8.2 (18.3) 23.5 (5.8) 23.5 (6.7) 3.3 (3.6) 42.2 0.1 4.5 (12.6) 16.2 (4.4) 5.1 (0.1) 5.3 4.8 5.4 8.1 (5.0) 4.7 5.4 1.8 11.5 (10.5) (56.5)
Income Before Tax 74.6 24.5 41.0 48.7 (43.0) 2.8 18.9 (14.1) 7.0 (38.6) 15.8 (56.2) (8.2) (85.4) (36.5) (73.2) (51.6) (68.3) (5.8) (44.7) (22.9) (30.9) 49.4 (36.4) (15.7) (21.6) 23.7 (13.0) (1.1) 2.2 56.5 (28.0) 2.6 (31.1) 43.8 (2.9) 10.1 (17.6) 24.3 (2.8) 23.4 (6.0) 3.0 (3.6) 42.5 0.7 4.8 (12.4) 16.3 (4.5) 5.2 0.2 5.1 5.1 5.1 7.9 (4.9) 5.7 5.5 2.0 11.6 (5.8) (51.6)
Income Tax Expense 14.4 (6.8) (11.0) 2.7 (5.8) (6.4) 2.1 (8.6) (2.7) (11.5) 3.5 (10.7) 1.0 (16.1) (5.5) (15.8) (11.0) (17.0) (4.8) (8.1) (14.2) (10.7) 10.6 (5.4) 4.2 (6.7) 0.7 (4.4) (1.9) (3.3) (26.9) 20.6 48.1 (22.2) 16.8 (1.1) 6.1 (9.8) 8.2 (2.4) 11.5 (3) (1.0) (0.6) 14.9 2.6 (1.1) (5.9) 4.2 (1.8) (0.3) (0.3) 1.6 2.0 1.4 3.0 (7.0) (23.7) 0.1 0.1 1.5 (4.8) (11.0)
Net Income 60.1 31.3 52.0 46.0 (37.3) 9.1 16.8 (5.5) 9.7 (27.1) 12.2 (45.6) (9.2) (69.3) (31.0) (57.4) (40.7) (51.3) (1.0) (36.6) (8.7) (20.2) 38.8 (31.0) (19.9) (15.0) 23.0 (8.6) 0.8 5.5 83.4 (48.6) (45.6) (8.9) 26.9 (1.8) 4.0 (7.9) 16.1 (0.4) 11.9 (3.0) 4.0 (3.0) 27.6 (1.9) 3.3 (6.5) 12.1 (2.7) 5.5 0.4 3.5 3.1 3.7 4.8 2.1 29.4 5.4 1.9 10.1 (1.0) (40.7)
Per Share Data
EPS (Basic) 0.71 0.37 0.62 0.55 -0.45 0.11 0.20 -0.07 0.12 -0.33 0.15 -0.56 -0.11 -0.83 -0.37 -0.69 -0.49 -0.62 -0.01 -0.44 -0.10 -0.24 0.46 -0.37 -0.24 -0.18 0.28 -0.11 0.01 0.08 1.04 -0.62 -0.59 -0.12 0.36 -0.02 0.05 -0.11 0.22 -0.01 0.17 -0.04 0.06 -0.04 0.29 -0.03 -0.01 -0.18 0.21 -0.05 0.10 0.01 0.07 0.06 0.07 0.03 0.15 0.73 0.20 0.05 0.25 -0.02 -0.83
EPS (Diluted) 0.70 0.36 0.60 0.54 -0.45 0.11 0.20 -0.07 0.12 -0.33 0.15 -0.56 -0.11 -0.83 -0.37 -0.69 -0.49 -0.62 -0.01 -0.44 -0.10 -0.24 0.46 -0.37 -0.24 -0.18 0.28 -0.11 0.01 0.08 1.02 -0.62 -0.59 -0.12 0.36 -0.02 0.05 -0.11 0.22 -0.01 0.16 -0.04 0.06 -0.04 0.28 -0.03 -0.01 -0.18 0.19 -0.05 0.09 0.01 0.06 0.05 0.06 0.03 0.15 0.66 0.17 0.04 0.25 -0.02 -0.83
Shares Outstanding 84.8 84.8 84.4 84.0 82.8 83.3 82.3 82.5 82.1 81.7 81.5 81.8 82.1 83.3 84.0 83.3 83.4 82.7 83.2 83.3 83.8 83.6 83.3 83.0 82.7 82.4 82.0 78.0 81.2 80.8 80.4 77.9 76.9 74.3 74.8 74.2 73.7 71.4 72.8 72.3 70.8 70.3 69.9 69.3 71.1 68.3 67.4 58.6 57.6 57.0 55.9 54.8 54.0 52.5 18.4 48.9 14.1 14.1 27.0 39.9 39.9 48.9 48.9
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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3
Current Assets
Cash & Cash Equivalents 407.9 492.0 699.1 510.3 697.5 823.6 548.0 359.6 350.0 301.4 401.8 266.6 274.9 263.2 606.3 326.9 257.4 239.6 384.9 284.4 331.4 293.8 367.0 293.8 218.5 179.1 254.1 368.9 360.2 391.3 437.1 476.1 205.3 255.4 263.2 180.2 225.4 131.1 223.6 204.6
Short-Term Investments 511.2 519.9 451.5 410.1 471.5 514.8 455.6 422.7 427.6 411.5 396.9 421.2 439.8 442.0 369.9 481.1 562.8 602.2 734.5 803.9 814.8 856.4 766.5 740.4 836.9 832.1 870.1 636.3 706.2 693.3 630.0 518.2 299.9 305.7 310.0 297.3 357.4 399.3 404.7 374.1
Net Receivables 337.7 257.7 272.3 314.2 237.5 226.9 242.2 229.9 219.2 202.3 256.5 257.2 227.9 179.0 227.4 201.3 196.0 178.7 192.9 183.1 187.2 164.6 174.8 157.7 160.8 149.1 184.8 177.1 175.1 145.7 131.5 101.1 100.0 78.4 79.4 95.0 64.6 55.1 62.8 61.2
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 89.3 87.4 85.7 78.3 71.7 72.1 24.0 69.3 63.8 61.5 22.7 61.5 63.6 0 24.8 25.2 40.1 36.6 22.6 19.9 18.9 17.9 18.0 15.7 15.7 14.9 14.0 13.4 9.4 9.8 9.1 0 0 0 0 0 0 0 0 0
Total Current Assets 1,346.2 1,357.0 1,507.4 1,313.0 1,478.1 1,637.3 1,295.5 1,081.5 1,060.6 976.8 1,099.6 1,006.5 1,006.3 943.6 1,252.7 1,056.3 1,077.6 1,080.7 1,355.3 1,307.9 1,369.0 1,349.1 1,343.2 1,224.3 1,248.0 1,189.7 1,335.0 1,209.2 1,263.8 1,252.0 1,222.5 1,126.6 638.9 667.6 679.2 603.2 671.3 605.5 707.7 654.4
Non-Current Assets
Property, Plant & Equipment 102.7 102.8 99.7 97.3 97.2 97.2 99.2 101.3 103.4 105.7 106.9 98.3 164.0 165.6 171.0 169.5 173.5 177.3 177.5 177.5 176.8 175.8 169.0 151.4 155.2 158.1 65.8 55.4 30.0 19.0 18.6 15.9 16.2 13.8 14.4 11.9 11.7 13.0 13.0 13.3
Goodwill 422.1 394.3 394.0 393.6 372.2 372.2 372.2 372.2 372.2 372.2 372.2 372.2 372.2 372.2 372.2 372.2 372.1 372.1 340.9 340.9 340.9 340.9 340.9 340.9 340.9 340.9 340.9 340.9 340.9 340.9 340.9 342.5 343.2 141.9 141.9 142.0 45.6 46.3 30.1 29.6
Intangible Assets 19.8 10.7 12.0 13.5 6.4 7.6 9.0 10.4 11.7 13.1 14.5 15.8 17.2 18.6 21.4 24.1 27.9 31.7 19.7 23.1 27.1 33.4 39.7 46.0 52.6 59.4 66.5 73.8 81.0 88.3 95.7 103.0 110.7 66.5 71.3 76.1 26.5 28.2 14.2 15.2
Long-Term Investments 432.3 397.4 333.8 323.3 243.5 142.1 148.3 151.9 155.1 140.6 156.6 119.1 155.3 163.3 205.5 295.1 307.6 301.4 230.7 203.7 232.0 258.1 301.9 291.8 285.2 311.5 224.2 253.7 182.5 155.0 201.6 164.2 64.3 92.4 114.6 113.9 146.1 155.9 107.6 102.2
Other Non-Current Assets 75.8 71.6 76.9 66.1 64.4 65.4 49.0 67.2 67.0 71.3 51.3 74.0 70.6 66.5 52.6 55.2 58.4 61.8 59.3 64.0 67.4 67.9 68.5 53.6 45.2 42.1 44.3 37.4 36.1 32.7 11.9 21.7 20.7 21.9 20.1 13.2 9.1 9.0 12.3 11.6
Total Non-Current Assets 1,345.6 1,282.3 1,213.7 1,175.1 1,064.7 959.4 930.8 958.5 952.9 942.8 928.3 910.0 997.7 1,005.0 1,014.2 1,101.1 1,106.0 1,097.7 966.6 942.0 966.8 989.9 1,021.6 984.6 973.6 1,009.3 832.0 849.5 754.5 716.8 756.1 705.9 644.8 482.5 399.7 400.0 280.6 297.9 208.5 204.1
Total Assets 2,691.7 2,639.3 2,721.1 2,488.1 2,542.8 2,596.7 2,226.3 2,040.0 2,013.5 1,919.6 2,027.9 1,916.5 2,003.9 1,948.5 2,266.9 2,157.3 2,183.6 2,178.3 2,321.8 2,250.0 2,335.7 2,339.0 2,364.9 2,208.9 2,221.6 2,199.0 2,167.0 2,058.7 2,018.3 1,968.8 1,978.6 1,832.5 1,283.7 1,150.1 1,078.9 1,003.2 951.9 903.4 916.2 858.4
Current Liabilities
Account Payables 28.9 33.6 28.8 29.0 24.9 31.4 15.2 23.5 22.0 19.2 34.6 35.6 38.0 41.6 40.4 30.3 24.7 27.4 27.8 25.2 23.6 21.9 22.6 18.3 26.0 25.7 34.3 33.1 21.0 22.7 30.6 19.4 18.6 14.2 13.4 11.8 8.3 10.6 9.9 8.6
Short-Term Debt 0 0 10.4 0 179.0 278.6 398.9 398.5 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
Deferred Revenue 307.6 253.5 340.3 258.8 264.9 224.2 281.9 181.7 195.1 171.1 206.9 143.2 146.0 137.5 170.8 111.7 123.2 110.4 138.7 85.8 97.5 95.9 118.3 89.1 89.0 85.8 108.3 90.7 91.0 84.8 114.1 113.9 109.0 86.7 91.2 104.3 86.6 63.0 60.3 62.7
Other Current Liabilities 122.4 32.5 16.7 118.2 89.9 81.1 118.0 101.1 90.0 72.1 112.8 96.6 91.2 73.6 96.9 72.2 59.1 42.4 107.8 81.1 68.3 48.4 62.8 51.9 49.0 53.2 79.7 65.7 57.7 41.6 80.4 55.4 45.1 34.5 59.0 48.0 33.7 26.5 48.9 36.8
Total Current Liabilities 459.0 389.9 544.8 405.9 558.7 615.2 837.6 704.8 307.1 262.4 373.3 275.4 275.2 252.8 337.5 237.1 231.2 204.2 300.3 214.3 210.7 185.6 225.2 176.7 182.6 164.7 232.3 189.4 169.7 149.1 225.2 188.7 172.7 135.4 163.6 164.1 128.6 100.1 119.1 108.1
Non-Current Liabilities
Long-Term Debt 647.6 675.4 674.6 673.7 672.8 671.8 0 0 398.0 397.6 397.2 396.7 396.3 395.9 358.2 354.5 350.9 347.3 343.8 340.4 336.9 333.5 330.2 326.9 323.7 320.5 317.3 314.2 311.1 308.1 305.1 302.2 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 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 12.2 9.1 9.3 7.9 5.5 5.5 7.6 9.5 9.2 9.2 9.0 7.0 7.2 6.9 6.9 6.5 6.5 10.3 10.2 10.9 10.6 21.0 18.6 3.1 1.5 1.4 19.6 7.9 1.7 1.2 0.8 1.1 1.6 1.8 2.1 2.4 2.9 3.3 3.4 3.5
Total Non-Current Liabilities 722.1 716.1 719.1 719.6 715.4 713.4 45.9 49.9 450.3 451.6 455.2 446.0 508.6 510.6 477.7 470.6 472.0 475.8 476.6 479.2 480.3 493.5 482.9 446.1 446.4 448.8 360.5 343.3 334.3 332.0 329.7 324.0 23.5 26.3 22.0 5.2 5.6 9.1 13.2 9.1
Total Liabilities 1,181.1 1,105.9 1,263.9 1,125.5 1,274.1 1,328.7 883.6 754.7 757.4 713.9 828.4 721.4 783.8 763.3 815.2 707.7 703.2 680.0 777.0 693.5 691.1 679.1 708.1 622.9 629.0 613.5 592.8 532.7 503.9 481.1 554.8 512.7 196.2 161.7 185.6 169.3 134.2 109.2 132.2 117.2
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 0.0 0.0 0.0 0.0 0.0 0.0 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 (611.0) (522.9) (554.2) (606.2) (652.2) (614.9) (624.1) (640.8) (635.3) (645.0) (618.0) (584.4) (482.8) (473.6) (284.0) (253.0) (195.5) (143.6) (66.1) (26.3) 90.2 137.8 163.0 124.2 155.2 175.2 190.0 167.0 175.3 174.6 133.5 50.1 98.7 144.3 69.1 42.1 43.9 40.0 47.8 31.7
Accumulated Other Comprehensive Income (3.0) (7.9) (8.9) (8.6) (15.4) (12.0) (12.2) (14.5) (12.4) (16.8) (13.9) (15.1) (16.1) (24.0) (19.8) (18.6) (12.0) (7.7) (6.2) (5.3) (5.0) (7.1) (5.2) (9.5) (7.3) (6.7) (7.8) (7.9) (7.6) (8.7) (7.7) (6.6) (4.8) (6.6) (5.8) (7.7) (7.9) (7.7) (6.6) (5.8)
Total Stockholders' Equity 1,510.6 1,533.4 1,457.2 1,362.6 1,268.7 1,268.0 1,342.7 1,285.4 1,256.1 1,205.6 1,199.5 1,195.1 1,220.2 1,185.2 1,451.7 1,449.7 1,480.5 1,498.4 1,544.9 1,556.5 1,644.7 1,659.9 1,656.8 1,586.0 1,592.6 1,585.5 1,574.2 1,526.0 1,514.4 1,487.7 1,423.7 1,319.9 1,087.5 988.4 893.3 833.9 817.7 794.2 783.9 741.2
Total Liabilities & Equity 2,691.7 2,639.3 2,721.1 2,488.1 2,542.8 2,596.7 2,226.3 2,040.0 2,013.5 1,919.6 2,027.9 1,916.5 2,003.9 1,948.5 2,266.9 2,157.3 2,183.6 2,178.3 2,321.8 2,250.0 2,335.7 2,339.0 2,364.9 2,208.9 2,221.6 2,199.0 2,167.0 2,058.7 2,018.3 1,968.8 1,978.6 1,832.5 1,283.7 1,150.1 1,078.9 1,003.2 951.9 903.4 916.2 858.4
Debt Metrics
Total Debt 705.0 704.5 715.7 706.7 885.8 983.3 442.9 435.6 437.1 438.5 448.6 433.3 495.4 496.5 475.6 471.7 471.1 471.0 470.8 470.7 469.9 470.7 460.6 436.0 435.6 426.1 317.3 314.2 311.1 308.1 305.1 302.2 0 0 0 0 0 0 0 0
Net Debt 297.1 212.5 16.6 196.4 188.3 159.8 (105.1) 76.0 87.1 137.1 46.8 166.6 220.5 233.3 (130.7) 144.8 213.7 231.3 85.9 186.3 138.5 176.8 93.6 142.1 217.1 247.0 63.2 (54.7) (49.0) (83.2) (132.0) (173.9) (205.3) (255.4) (263.2) (180.2) (225.4) (131.1) (223.6) (204.6)
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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2002 Q1 2001 Q4 2001 Q3 2001 Q2
Operating Activities
Net Income 60.1 31.3 52.0 46.0 (37.3) 9.1 16.8 (5.5) 9.7 (27.1) 12.2 (45.6) (9.2) (69.3) (31.0) (57.4) (40.7) (51.3) (1.0) (36.6) (8.7) (20.2) 38.8 (31.0) (19.9) (15.0) 23.0 (8.6) 0.8 5.5 83.4 (48.6) (45.6) (8.9) 26.9 (1.8) 4.0 (7.9) 16.1 (0.4) (51.3) (1.0) (57.4) (40.7)
Depreciation & Amortization 3.0 6.4 6.2 6.0 5.7 5.8 5.8 5.6 5.5 5.4 4.9 5.7 6.6 7.6 7.8 8.8 8.5 8.4 7.9 8.1 10.4 10.5 10.4 10.6 10.8 10.9 10.8 9.7 9.8 9.7 9.5 9.8 9.7 6.6 6.5 5.8 3.3 3.1 3.0 2.3 10.0 9.6 10.1 10.3
Stock-Based Compensation 46.8 43.3 42.2 40.4 40.9 38.1 37.3 36.6 36.4 36.1 36.5 35.0 36.2 35.1 34.0 32.9 37.9 32.2 28.8 28.2 29.9 28.1 25.7 24.8 26.7 24.6 22.8 21.1 24.4 23.3 21.1 23.8 25.0 19.6 18.1 17.2 18.6 17.9 18.2 16.2 32.2 28.8 32.9 37.9
Change in Working Capital (19.2) (150.1) 154.3 (62.2) 30.5 (111.3) 126.6 (21.1) 22.1 (75.0) 111.6 (42.3) (35.6) (47.8) 72.0 10.6 (4.9) (87.2) 69.8 7.8 (19.2) (29.1) 29.1 (11.7) (4.7) (33.4) 47.6 7.8 (17.8) (65.0) 15.3 16.0 10.4 (25.1) 38.3 0.6 11.4 (16.0) 17.4 8.7 22.8 (28.8) 29.5 (32.4)
Other Non-Cash Items 11.4 10.3 6.1 3.9 52.3 3.9 4.9 1.0 (0.3) 1.7 4.4 11.2 3.5 5.0 7.5 10.9 8.8 8.3 8.4 8.2 9.3 6.8 4.0 18.6 3.6 2.2 0.9 1.3 1.3 1.8 2.6 1.2 0.2 0.2 (9.8) 1.3 0.4 0.5 (5.7) (0.1) (103.2) 105.3 (9.3) 34.7
Operating Cash Flow 112.0 (67.4) 244.8 32.4 86.0 (62.3) 193.8 4.8 69.3 (72.1) 173.2 (48.6) 1.2 (87.4) 83.6 (11.5) (3.0) (107.0) 108.4 5.6 13.3 (15.7) 107.2 4.6 19.5 (18.1) 102.9 26.2 14.2 (27.2) 102.1 20.2 47.7 (31.2) 85.6 21.9 42.6 (12.9) 49.3 23.6 (107.0) 108.4 (11.5) (3.0)
Investing Activities
Capital Expenditure (3.3) (4.9) (3.4) (0.7) (0.8) (5.1) (4.4) (4.0) (5.4) (4.7) (5.9) (3.4) (3.8) (4.3) (4.6) (4.0) (6.1) (7.1) (8.8) (9.6) (5.9) (4.5) (3.4) (8.8) (2.5) (11.0) (17.8) (18.9) (8.7) (3.4) (3.7) (1.2) (3.0) (2.4) (3.1) (1.0) (0.1) (2.5) (1.9) (1.4) (3.3) (6.6) (1.0) (3.7)
Acquisitions (33.3) 0 (0.1) (26.7) 0 0 0 0 0.6 0 2.8 (132.8) (97.0) (93.1) 0 (84.8) (12.5) (43.8) (113.2) (41.8) 2.3 (55.9) (130.8) 1.1 0.9 1.3 2.3 1.1 0.6 0.5 (0.0) 0.3 (130.4) (93.0) 5.1 (154.1) 0.1 (33.6) 0 (39.5) (43.8) 0 0 0
Purchases of Investments (217.0) (318.5) (186.2) (242.6) (218.1) (211.6) (163.5) (138.7) (154.6) (160.5) (150.1) (90.7) (106.8) (169.4) (14.6) (138.9) (136.4) (241.2) (279.4) (234.6) (177.2) (348.4) (433.6) (247.9) (194.6) (406.8) (431.3) (315.1) (209.4) (253.5) (324.3) (424.5) (44.0) (66.8) (118.3) (56.8) (90.7) (200.9) (159.5) (150.5) (241.2) (274.9) (138.9) (125.9)
Sales/Maturities of Investments 193.2 189.7 135.1 226.8 165.2 139.9 160.6 148.9 136.5 137.4 164.9 146.8 116.1 119.3 216.6 226.6 165.4 300.3 319.7 271.1 242.3 299.5 397.8 328.2 216.5 360.2 229.6 316.5 172.2 238.4 187.5 106.4 77.3 93.0 104.8 144.2 141.5 157.2 123.1 152.8 272.9 319.7 212.3 142.3
Other Investing Activities (5.5) (5.1) (3.7) (4.8) 0.7 (5.0) 0 0 (0.6) (3.7) (2.8) 132.8 97.0 93.1 (3.1) 84.8 12.5 0 113.2 41.8 (2.3) 55.9 130.8 (1.1) (0.9) (1.3) (2.3) (1.1) (0.6) (0.5) 0.0 (319.2) 33.0 93.0 (5.1) 87.0 50.8 (43.7) (36.4) 2.3 23.5 (6.7) 11.4 10.1
Investing Cash Flow (65.8) (138.8) (58.4) (48.1) (52.9) (77.6) (7.3) 6.2 (23.4) (27.8) 8.9 52.7 5.6 (54.4) 197.5 83.8 22.9 8.1 31.6 26.9 59.1 (53.4) (39.2) 71.5 19.4 (57.5) (219.5) (17.5) (45.9) (18.5) (140.6) (319.0) (100.0) 23.8 (16.5) (67.7) 50.7 (79.8) (38.3) (38.6) 8.1 31.6 83.8 22.9
Financing Activities
Net Debt Issuance 0 0 (2.9) (179.1) (154.1) 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 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (148.2) 0 0 0 0 0 0 0 0 0 (47.8) (14.0) 0 (200) 0 0 (11.2) (26.3) (38.7) (79.9) (37.7) (5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (26.3) (38.7) 0 (11.2)
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
Other Financing Activities 13.4 0.4 2.9 0 (2.1) (58.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (183.7) 0 0 0 8.4 (1.0) 0 0 9.0 1.4 (26.2) (38.7) 0.0 (11.1)
Financing Cash Flow (134.7) 0.4 0.7 (178.4) (155.6) 415.5 1.0 0.0 0.0 0 (47.8) (13.8) 0.0 (200) 0 0.0 (11.1) (26.2) (38.7) (79.8) (37.6) (3.3) 1.9 1.8 0.9 0.4 2.1 0.7 0.4 0.7 1.0 571.3 0.4 0.4 12.2 0.4 0.9 1.1 9.0 1.4 (26.2) (38.7) 0.0 (11.1)
Cash Position
Net Change in Cash (85.3) (205.9) 187.6 (187.2) (126.1) 275.6 188.4 9.6 48.6 (104.2) 135.2 (10.0) 11.7 (344.9) 279.5 69.5 7.0 (126.2) 100.5 (46.9) 37.6 (73.1) 73.2 75.4 39.4 (75.0) (114.8) 8.7 (31.2) (45.8) (39.0) 270.8 (50.1) (7.8) 83.0 (45.2) 94.3 (92.5) 19.0 (12.3) (126.2) 101.2 69.5 7.0
Cash at Beginning 493.2 699.1 511.5 698.7 824.8 549.2 360.8 351.2 302.6 406.8 271.6 281.6 269.8 614.7 335.2 265.7 258.7 384.9 284.4 331.4 293.8 367.0 293.8 218.5 179.1 254.1 368.9 360.2 391.3 437.1 476.1 205.3 255.4 263.2 180.2 225.4 131.1 223.6 204.6 216.9 384.9 0 0 0
Cash at End 407.9 493.2 697.9 511.5 698.7 824.8 549.2 360.8 351.2 302.6 406.8 271.6 281.6 269.8 614.7 335.2 265.7 258.7 384.9 284.4 331.4 293.8 367.0 293.8 218.5 179.1 254.1 368.9 360.2 391.3 437.1 476.1 205.3 255.4 263.2 180.2 225.4 131.1 223.6 204.6 258.7 101.2 69.5 7.0
Free Cash Flow 108.8 (72.3) 241.4 31.6 85.2 (67.4) 189.3 0.8 63.9 (76.8) 167.3 (52.1) (2.5) (91.7) 79.0 (15.5) (9.1) (114.2) 99.5 (4.0) 7.4 (20.2) 103.7 (4.2) 17.0 (29.1) 85.1 7.3 5.5 (30.7) 98.4 19.0 44.7 (33.7) 82.6 20.9 42.4 (15.4) 47.4 22.2 (110.4) 101.8 (12.5) (6.7)
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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 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 2001 Q4 2001 Q2
Income Statement
Revenue 359.1 332.6 356.6 293.5 289.5 262.9 291.5 240.7 240.9 207.4 270.0 207.5 232.6 195.3 244.6 197.4 204.6 165.9 229.4 164.0 180.1 169.8 243.7 168.2 173.5 157.0 207.9 162.9 169.3 179.7 248.6 140.5 163.8 108.2 181.1 123.4 115.6 94.1 141.2 98.9 125.9 85.4 89.4 79.7 118.2 82.0 83.5 66.5 96.9 68.2 72.2 63.3 67.6 57.0 55.1 52.4 51.0 44.5 42.3 34.7 45.8 229.4 204.6
Gross Profit 231.5 209.5 231.8 182.7 179.2 158.4 186.4 142.2 142.4 112.3 163.7 98.9 123.5 72.2 115.9 83.9 102.2 68.4 129.3 71.9 88.2 78.8 155.9 82.4 89.9 76.2 125.1 82.6 88.9 98.6 156.9 66.5 96.0 45.3 123.8 72.0 74.8 52.1 98.4 59.9 86.5 47.5 55.4 44.0 85.2 45.8 47.3 28.7 60.1 32.3 40.8 35.7 40.4 33.0 34.4 32.9 32.1 26.6 25.9 19.5 30.1 129.3 96.6
Operating Income 38.9 18.5 29.6 4.5 11.7 (4.7) 10.3 (16.7) (12.4) (33.8) 6.1 (57.8) (23.2) (74.6) (32.2) (62.4) (39.5) (65.4) (0.1) (46.8) (27.1) (31.6) 44.3 (25.6) (18.0) (24.6) 21.1 (15.8) (5.5) 1.1 55.2 (29.2) (0.7) (32.7) 41.0 (4.3) 8.2 (18.3) 23.5 (5.8) 23.5 (6.7) 3.3 (3.6) 26.4 (3.4) 4.5 (12.6) 16.2 (4.4) 5.1 (0.1) 5.3 4.8 5.4 8.1 (5.0) 4.7 5.4 1.8 11.5 (0.1) (39.5)
Net Income 60.1 31.3 52.0 46.0 (37.3) 9.1 16.8 (5.5) 9.7 (27.1) 12.2 (45.6) (9.2) (69.3) (31.0) (57.4) (40.7) (51.3) (1.0) (36.6) (8.7) (20.2) 38.8 (31.0) (19.9) (15.0) 23.0 (8.6) 0.8 5.5 83.4 (48.6) (45.6) (8.9) 26.9 (1.8) 4.0 (7.9) 16.1 (0.4) 11.9 (3.0) 4.0 (3.0) 27.6 (1.9) 3.3 (6.5) 12.1 (2.7) 5.5 0.4 3.5 3.1 3.7 4.8 2.1 29.4 5.4 1.9 10.1 (1.0) (40.7)
EPS (Diluted) 0.70 0.36 0.60 0.54 -0.45 0.11 0.20 -0.07 0.12 -0.33 0.15 -0.56 -0.11 -0.83 -0.37 -0.69 -0.49 -0.62 -0.01 -0.44 -0.10 -0.24 0.46 -0.37 -0.24 -0.18 0.28 -0.11 0.01 0.08 1.02 -0.62 -0.59 -0.12 0.36 -0.02 0.05 -0.11 0.22 -0.01 0.16 -0.04 0.06 -0.04 0.28 -0.03 -0.01 -0.18 0.19 -0.05 0.09 0.01 0.06 0.05 0.06 0.03 0.15 0.66 0.17 0.04 0.25 -0.02 -0.83
Balance Sheet
Cash & Equivalents 407.9 492.0 699.1 510.3 697.5 823.6 548.0 359.6 350.0 301.4 401.8 266.6 274.9 263.2 606.3 326.9 257.4 239.6 384.9 284.4 331.4 293.8 367.0 293.8 218.5 179.1 254.1 368.9 360.2 391.3 437.1 476.1 205.3 255.4 263.2 180.2 225.4 131.1 223.6 204.6
Total Assets 2,691.7 2,639.3 2,721.1 2,488.1 2,542.8 2,596.7 2,226.3 2,040.0 2,013.5 1,919.6 2,027.9 1,916.5 2,003.9 1,948.5 2,266.9 2,157.3 2,183.6 2,178.3 2,321.8 2,250.0 2,335.7 2,339.0 2,364.9 2,208.9 2,221.6 2,199.0 2,167.0 2,058.7 2,018.3 1,968.8 1,978.6 1,832.5 1,283.7 1,150.1 1,078.9 1,003.2 951.9 903.4 916.2 858.4
Total Debt 705.0 704.5 715.7 706.7 885.8 983.3 442.9 435.6 437.1 438.5 448.6 433.3 495.4 496.5 475.6 471.7 471.1 471.0 470.8 470.7 469.9 470.7 460.6 436.0 435.6 426.1 317.3 314.2 311.1 308.1 305.1 302.2 0 0 0 0 0 0 0 0
Stockholders' Equity 1,510.6 1,533.4 1,457.2 1,362.6 1,268.7 1,268.0 1,342.7 1,285.4 1,256.1 1,205.6 1,199.5 1,195.1 1,220.2 1,185.2 1,451.7 1,449.7 1,480.5 1,498.4 1,544.9 1,556.5 1,644.7 1,659.9 1,656.8 1,586.0 1,592.6 1,585.5 1,574.2 1,526.0 1,514.4 1,487.7 1,423.7 1,319.9 1,087.5 988.4 893.3 833.9 817.7 794.2 783.9 741.2
Cash Flow
Operating Cash Flow 112.0 (67.4) 244.8 32.4 86.0 (62.3) 193.8 4.8 69.3 (72.1) 173.2 (48.6) 1.2 (87.4) 83.6 (11.5) (3.0) (107.0) 108.4 5.6 13.3 (15.7) 107.2 4.6 19.5 (18.1) 102.9 26.2 14.2 (27.2) 102.1 20.2 47.7 (31.2) 85.6 21.9 42.6 (12.9) 49.3 23.6 (107.0) 108.4 (11.5) (3.0)
Capital Expenditure (3.3) (4.9) (3.4) (0.7) (0.8) (5.1) (4.4) (4.0) (5.4) (4.7) (5.9) (3.4) (3.8) (4.3) (4.6) (4.0) (6.1) (7.1) (8.8) (9.6) (5.9) (4.5) (3.4) (8.8) (2.5) (11.0) (17.8) (18.9) (8.7) (3.4) (3.7) (1.2) (3.0) (2.4) (3.1) (1.0) (0.1) (2.5) (1.9) (1.4) (3.3) (6.6) (1.0) (3.7)
Free Cash Flow 108.8 (72.3) 241.4 31.6 85.2 (67.4) 189.3 0.8 63.9 (76.8) 167.3 (52.1) (2.5) (91.7) 79.0 (15.5) (9.1) (114.2) 99.5 (4.0) 7.4 (20.2) 103.7 (4.2) 17.0 (29.1) 85.1 7.3 5.5 (30.7) 98.4 19.0 44.7 (33.7) 82.6 20.9 42.4 (15.4) 47.4 22.2 (110.4) 101.8 (12.5) (6.7)