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Metric 2025 2024 2023 2022 2021 2020
Revenue
Revenue 2,725.6 3,795.3 3,081.4 2,868.0 1,759.9 1,759.9
Cost of Revenue 503.7 550.3 391.5 408.8 178.9 178.9
Gross Profit 2,221.9 3,245.0 2,689.9 2,459.2 1,581.0 1,581.0
Operating Expenses
R&D Expenses 98.5 144.9 219.8 273.5 116.3 116.3
SG&A Expenses 1,726.4 2,712.7 2,583.7 2,421.1 1,795.3 1,795.3
Other Expenses 0 10.0 0 0 0 0
Operating Expenses 1,825.0 2,867.7 2,803.5 2,694.6 1,911.5 1,911.5
Operating Income
Operating Income 396.9 377.4 (113.6) (235.4) (330.5) (330.5)
Interest Expense 0 0 0 0 0 0
Interest Income 0.7 10.5 5.3 0.4 0.4 0.4
Profitability
EBITDA 478.0 392.4 (83.3) (204.5) (307.6) (320.1)
EBIT 469.5 387.4 (87.0) (215.1) (315) (327.5)
Income Before Tax 469.5 416.9 (87.0) (215.1) (315) (315)
Income Tax Expense 112.9 31.3 21.7 18.4 1.0 1.0
Net Income 358.7 385.5 (108.5) (233.4) (316.0) (316.0)
Per Share Data
EPS (Basic) 6.67 7.02 -2.37 -4.70 -9.64 -9.64
EPS (Diluted) 6.51 6.81 -2.37 -4.70 -9.64 -9.64
Shares Outstanding 53.8 55.0 55.2 55.1 55.1 55.1
Metric 2025 2024 2023 2022 2020 2021
Current Assets
Cash & Cash Equivalents 830.2 779.9 764.3 266.4 25.1 25.1
Short-Term Investments 210.1 246.2 166.3 132.6 29.6 29.6
Net Receivables 20.8 185.7 63.9 58.8 115.0 115.0
Inventory 28.0 6.3 0 0 0 0
Other Current Assets 170.3 4.4 5.6 0.0 0.0 0.0
Total Current Assets 1,312.8 1,329.3 1,108.6 564.0 274.9 274.9
Non-Current Assets
Property, Plant & Equipment 31.2 65.5 91.4 29.1 14.1 14.1
Goodwill 26.2 0 0 0 0 0
Intangible Assets 9.2 0 0 0 33.3 33.3
Long-Term Investments 59.1 9.0 0 0 0 0
Other Non-Current Assets 223.1 21.4 21.3 10.4 7.9 7.9
Total Non-Current Assets 348.8 96.7 114.8 39.5 55.3 55.3
Total Assets 1,661.5 1,426.0 1,223.4 603.5 330.2 330.2
Current Liabilities
Account Payables 6.8 62.1 62.1 45.2 74.5 74.5
Short-Term Debt 11.1 6.8 5.7 2.4 0 1.1
Deferred Revenue 0 547.5 661.6 535.8 400.9 400.9
Other Current Liabilities 450.0 14.0 (4.7) 0.9 0.2 0.2
Total Current Liabilities 614.0 869.6 944.8 713.2 573.3 573.3
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0
Deferred Tax Liabilities 72.0 11.6 0 0 8.2 8.2
Other Non-Current Liabilities 0.0 0 0 664.2 0 0
Total Non-Current Liabilities 114.5 40.0 52.8 679.6 36.5 36.5
Total Liabilities 728.6 909.5 997.6 1,392.8 609.7 609.7
Stockholders' Equity
Common Stock 0.0 0.1 0.1 0.0 0 0
Retained Earnings (31.5) (584.2) (969.7) (861.2) 0 0
Accumulated Other Comprehensive Income 2.3 17.3 22.2 1.8 (279.5) (279.5)
Total Stockholders' Equity 809.0 516.5 223.7 (125.2) (279.5) (279.5)
Total Liabilities & Equity 1,661.5 1,426.0 1,223.4 603.5 330.2 330.2
Debt Metrics
Total Debt 34.5 66.1 93.9 22.9 9.1 9.1
Net Debt (795.6) (713.8) (670.3) (243.5) (16.0) (16.0)
Metric 2025 2024 2023 2022 2020 2021
Operating Activities
Net Income 358.7 385.5 (108.7) (233.4) (316.0) (316.0)
Depreciation & Amortization 8.6 5.0 3.7 10.6 7.4 7.4
Stock-Based Compensation 20.5 27.8 191.6 291.4 101.8 101.8
Change in Working Capital (28.2) (140.0) 160.3 210.5 288.2 288.2
Other Non-Cash Items (331.3) (8.4) (9.3) (5.0) (2.0) (2.0)
Operating Cash Flow 28.2 282.7 235.6 272.6 79.4 79.4
Investing Activities
Capital Expenditure (0.4) (3.6) (5.8) (4.6) (35.6) (35.6)
Acquisitions (141.8) (2.0) 2 14.1 0 0
Purchases of Investments 0 (5,168.8) (2,891.5) (976.7) (434.6) (434.6)
Sales/Maturities of Investments 0 5,041.6 2,873.0 873.7 405.6 405.6
Other Investing Activities 140.3 0.0 22.4 (15.1) (27.5) (27.5)
Investing Cash Flow (4.6) (132.8) 0.2 (108.6) (62.4) (62.4)
Financing Activities
Net Debt Issuance (0.5) 0 0 (23.3) 15.9 15.9
Stock Repurchased (3.6) (130.4) 0 0 0 0
Dividends Paid (10.8) 0 0 0 (37.0) (37.0)
Other Financing Activities 0.2 (2.2) 2.2 95.0 0 0
Financing Cash Flow (13.6) (130.2) 247.7 71.6 (21.1) (21.1)
Cash Position
Net Change in Cash 11.4 15.8 497.9 241.3 (4.0) (4.0)
Cash at Beginning 107.4 764.3 266.4 25.1 29.1 29.1
Cash at End 118.8 780.1 764.3 266.4 25.1 25.1
Free Cash Flow 27.8 279.1 229.9 268.1 43.8 43.8
Key Metrics 2025 2024 2023 2022 2021 2020
Income Statement
Revenue 2,725.6 3,795.3 3,081.4 2,868.0 1,759.9 1,759.9
Gross Profit 2,221.9 3,245.0 2,689.9 2,459.2 1,581.0 1,581.0
Operating Income 396.9 377.4 (113.6) (235.4) (330.5) (330.5)
Net Income 358.7 385.5 (108.5) (233.4) (316.0) (316.0)
EPS (Diluted) 6.51 6.81 -2.37 -4.70 -9.64 -9.64
Balance Sheet
Cash & Equivalents 830.2 779.9 764.3 266.4 25.1 25.1
Total Assets 1,661.5 1,426.0 1,223.4 603.5 330.2 330.2
Total Debt 34.5 66.1 93.9 22.9 9.1 9.1
Stockholders' Equity 809.0 516.5 223.7 (125.2) (279.5) (279.5)
Cash Flow
Operating Cash Flow 28.2 282.7 235.6 272.6 79.4 79.4
Capital Expenditure (0.4) (3.6) (5.8) (4.6) (35.6) (35.6)
Free Cash Flow 27.8 279.1 229.9 268.1 43.8 43.8