ImmunityBio, Inc. logo IBRX - ImmunityBio, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 5
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $13.00 DETAILS
HIGH: $15.00
LOW: $12.00
MEDIAN: $12.00
CONSENSUS: $13.00
UPSIDE: 80.06%
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
Revenue
Revenue 44.2 38.3 32.1 26.4 16.5 7.6 6.1 1.0 0.0 0.1 0.1 0.0 0.4 0.1 0.1 0.0 0.0 0.4 0.1 0.3 0.1 0.0 0.2 0.4 0.2 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 0.1
Cost of Revenue 0.2 4.2 4.1 0.1 0.1 0 0 0 0 0 0 0 6.3 6.9 6.0 5.9 5.4 0 0 0 0 2.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 44.0 34.0 27.9 26.3 16.5 7.6 6.1 1.0 0.0 0.1 0.1 0.0 (5.9) (6.8) (5.9) (5.9) (5.4) 0.4 0.1 0.3 0.1 (2.2) 0.2 0.4 0.2 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 0.1
Operating Expenses
R&D Expenses 64.8 60.8 50.7 55.2 48.2 35.2 50.4 51.1 53.4 51.5 48.4 53.2 78.8 52.9 67.1 58.6 51.3 51.8 49.3 53.8 41.1 20.3 35.8 33.0 27.4 13.2 12.1 13.1 12.6 12.5 14.6 14.7 14.0 12.0 11.1 9.7 9.2 9.4 8.4 6.4 4.9 5.1 4.0 1.7
SG&A Expenses 44.5 37.8 32.8 42.3 32.7 41.7 35.9 49.3 41.9 33.1 31.8 32.0 26.9 24.6 17.8 15.1 39.3 27.9 29.6 32.4 45.3 8.4 19.6 18.3 9.5 8.5 4.0 4.2 5.7 5.2 9.6 13.6 14.3 13.4 13.4 14.1 16.2 15.7 24.4 28.6 26.7 74.8 38.9 82.4
Other Expenses 4.5 0 0 0 0 0 0 0 0 0.9 0 0 0 0 0 0 0 (0.1) (0.0) 0 0.0 0 10.7 0.1 0 (0.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 113.8 98.7 83.6 97.6 80.9 77.0 86.4 100.4 95.2 85.5 80.2 85.2 105.7 77.4 84.9 73.7 90.6 79.7 78.9 86.2 86.4 28.7 66.0 51.4 36.9 21.5 16.1 17.3 18.3 17.7 24.1 28.3 28.3 25.4 24.4 23.8 25.5 25.2 32.8 35.0 31.6 79.9 42.8 84.2
Operating Income
Operating Income (69.8) (64.7) (55.6) (71.3) (64.4) (69.4) (80.3) (99.3) (95.2) (85.4) (80.1) (85.1) (111.6) (84.2) (90.8) (79.6) (96.0) (79.3) (78.8) (85.9) (86.3) (30.9) (65.9) (50.9) (36.7) (20.6) (15.6) (16.7) (17.9) (17.3) (23.6) (27.7) (27.6) (24.6) (23.7) (23.4) (24.6) (24.4) (31.9) (34.2) (30.8) (77.1) (42.6) (84.6)
Interest Expense 28.5 27.2 27.6 28.9 28.9 14.9 40.2 39.0 37.5 32.1 35.0 32.2 29.6 28.6 16.8 9.7 8.5 4.5 3.6 3.6 3.2 2.8 2.2 2.1 1.9 0.0 0.0 0 0.0 0.1 0.1 0.1 0.0 0.0 0.4 0.2 0.0 0.0 0.0 0 0 0 0.1 (0.0)
Interest Income 2.3 3.3 2.1 0.8 0.5 0.8 0.6 0.8 2.4 1.8 0.6 0.6 0.3 0.5 0.3 0.6 1.3 0.3 0.1 0.1 0.3 0.5 0.5 0.3 0.3 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA (65.4) (31.0) (35.8) (59.5) (97.2) (40.1) (41.1) (91.2) (97.6) (196.8) (56.1) (101.3) (80.7) (72.9) (88.4) (78.8) (88.0) (81.9) (79.9) (81.8) (72.6) (29.5) (62.1) (46.4) (32.1) (19.9) (13.4) (15.1) (14.9) (14.5) (20.8) (25.4) (26.0) (23.1) (22.2) (22.0) (23.4) (22.5) (31.1) (33.7) (30.3) (76.7) (42.6) (83.6)
EBIT (69.8) (34.9) (39.7) (63.4) (101.0) (44.3) (45.5) (95.6) (102.2) (201.3) (60.6) (106.0) (87.0) (79.8) (94.4) (84.7) (93.5) (87.1) (84.8) (85.8) (77.3) (31.7) (65.6) (49.8) (35.5) (21.4) (15.6) (16.7) (17.9) (17.3) (23.6) (27.7) (27.6) (24.6) (23.7) (23.4) (24.6) (24.4) (31.9) (34.2) (30.8) (77.1) (42.6) (84.6)
Income Before Tax (632.8) (62.1) (67.3) (92.3) (129.9) (59.2) (85.8) (134.6) (134.1) (233.5) (95.6) (138.2) (116.6) (108.3) (111.2) (94.8) (103.0) (91.6) (88.4) (89.4) (80.5) (32.1) (67.9) (52.0) (37.4) 22.3 (15.6) (16.7) (17.9) (17.5) (23.8) (27.9) (27.6) (24.7) (24.1) (23.6) (24.6) (24.4) (31.9) (34.2) (30.8) (77.1) (42.6) (84.6)
Income Tax Expense (0.0) (0.1) (0.0) 0.3 (0.2) 0 0 0 0 (0.0) 0 0 0 0.0 0 0 0 0.0 0 0.0 0.0 (0.0) (1.7) 0.0 0.0 0.0 0.0 0.0 (0.0) (0.1) (0.1) (0.1) (0.1) (0.2) (0.1) (0.1) (0.1) (0.1) (0.1) (0.2) (0.1) (0.3) 0.1 (0.5)
Net Income (632.8) (61.9) (67.3) (92.6) (129.6) (59.2) (85.7) (134.6) (134.1) (233.4) (95.6) (137.9) (116.3) (108.2) (110.9) (94.6) (102.8) (91.3) (87.6) (88.3) (79.6) (32.1) (65.6) (51.4) (37.0) (22.3) (15.6) (16.7) (17.9) (17.3) (23.6) (27.7) (27.5) (24.5) (24.0) (23.5) (24.5) (24.2) (31.9) (34.0) (30.6) (76.8) (42.6) (84.6)
Per Share Data
EPS (Basic) -0.62 -0.06 -0.07 -0.10 -0.15 -0.08 -0.12 -0.20 -0.20 -0.40 -0.19 -0.32 -0.35 -0.27 -0.28 -0.24 -0.26 -0.23 -0.22 -0.23 -0.21 -0.18 -0.17 -0.13 -0.10 -0.07 -0.04 -0.04 -0.06 -0.05 -0.07 -0.09 -0.09 -0.08 -0.08 -0.07 -0.07 -0.07 -0.10 -0.10 -0.09 -0.24 -0.14 -0.27
EPS (Diluted) -0.62 -0.06 -0.07 -0.10 -0.15 -0.09 -0.12 -0.20 -0.20 -0.40 -0.19 -0.32 -0.35 -0.27 -0.28 -0.24 -0.26 -0.23 -0.22 -0.23 -0.21 -0.18 -0.17 -0.13 -0.10 -0.07 -0.04 -0.04 -0.06 -0.05 -0.07 -0.09 -0.09 -0.08 -0.08 -0.07 -0.07 -0.07 -0.10 -0.10 -0.09 -0.24 -0.14 -0.27
Shares Outstanding 1,026.9 989.7 946.6 888.2 853.2 733.2 695.9 686.9 672.8 590.7 498.4 437.5 428.4 403.6 400.1 398.0 397.9 397.1 391.9 384.8 382.7 383.2 383.2 383.2 383.2 331.8 393.3 394.4 325.0 325.0 316.8 316.4 316.1 316.1 317.8 325.8 328.6 328.6 328.6 327.8 326.3 326.3 311.4 307.9
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
Current Assets
Cash & Cash Equivalents 205.2 88.3 60.2 137.7 60.7 143.4 112.0 130.1 133.0 265.5 178.0 43.5 88.5 104.6 104.2 61.9 36.4 181.1 64.5 84.0 44.7 34.9 57.0 102.7 17.0 15.5 18.3 17.3 22.3 16.8 15.3 16.1 11.2 23.9 20.9 39.0 13.6 8.1 31.4 38.2 63.2
Short-Term Investments 175.7 154.5 197.6 16 0.9 6.4 18.4 87.9 37.5 1.0 11.8 2.4 2.8 2.5 6.9 21.0 155.9 136.0 15.8 20.0 38.6 61.1 4.7 7.9 23.3 36.1 47.8 66.8 76.3 57.3 68.0 88.8 110.6 104.3 131.3 136.5 177.4 190.8 177.9 175.5 158.5
Net Receivables 43.3 42.6 32.0 22.3 17.5 2.7 4.9 2.1 2.1 3.2 2.3 3.3 1.5 1.9 6.5 1.5 3.9 1.3 1.3 2.0 2.1 2.0 0 0.1 0.3 0.3 0.4 0 11.8 12.2 13.5 0 0 1.3 0 0 0 0 0 1.6 1.3
Inventory 0.5 0 0 6.6 8.4 8.3 2.0 1.8 0 0 0 0 0 0 19.9 0 12.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 3.9 29.5 39.6 1.6 2.4 1.3 1.7 1.0 3.3 5.2 6.7 4.6 4.8 4.3 5.7 8.0 4.0 5.6 12.8 0.9 14.2 0 13.4 0.1 0.1 0.0 0.0 0.1 0.1 0.0 0.2 0.3 0.8 0.9 0.9 0.8 0.7 0.7 0.3 2.6 2.5
Total Current Assets 453.0 314.9 329.5 208.1 109.2 184.6 163.2 242.8 195.7 294.1 215.1 66.8 113.5 140.6 143.1 115.0 212.3 334.3 94.5 113.7 99.6 111.7 78.5 115.3 44.1 55.8 71.6 87.0 113.4 88.8 100.6 110.1 126.8 132.5 156.9 181.6 195.9 205.1 214.5 218.0 225.5
Non-Current Assets
Property, Plant & Equipment 146.1 147.5 0 167.7 167.1 170.5 174.2 175.8 178.7 182.7 187.8 194.0 198.4 189.4 176.9 167.5 141.1 119.2 104.0 117.3 99.3 90.7 29.5 69.0 69.6 72.2 74.6 77.6 81.1 76.9 77.3 78.2 76.8 76.7 74.5 60.2 22.9 19.3 17.0 10.1 7.8
Goodwill 0.9 0.9 0.9 0.9 0.9 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
Intangible Assets 12.0 13.0 13.6 14.1 14.5 15.9 15.6 16.1 16.6 17.1 18.5 19.0 19.5 20.0 20.5 21.7 22.3 1.4 1.4 1.6 1.4 1.5 1.4 0 0 0 0 0 0 0.6 1.1 1.7 2.3 2.8 3.4 4.0 4.5 5.1 5.9 6.4 6.8
Long-Term Investments 10 10.5 8.0 0 0 0 0 0 0 0.9 0.8 0.8 0.8 0.8 0.8 0.9 0.9 6.8 8.3 0.8 8.2 11.4 0 9.4 9.4 10.9 9.3 9.3 9.3 0 0 0 0 38.3 0 0 0 0 0 0 0
Other Non-Current Assets 24.7 15.0 167.0 11.2 12.1 12.0 10.7 9.7 9.7 9.7 10.2 10.5 11.2 11.5 12.5 6.0 12.8 7.2 6.3 12.9 0.9 6.1 7.3 2.4 3.9 4.2 4.8 1.8 4.5 15.7 22.7 21.4 24.0 0.2 43.0 55.9 80.3 88.0 95.0 108.5 117.3
Total Non-Current Assets 193.7 187.0 189.5 193.9 194.6 198.3 201.4 201.5 205.0 210.4 217.3 224.4 229.9 221.8 209.9 202.7 177.2 134.6 120.0 132.6 109.9 109.7 38.3 80.9 82.9 87.4 88.6 88.6 94.8 93.2 101.1 101.3 103.0 118.0 120.9 120.1 107.7 112.4 117.9 125.0 131.9
Total Assets 646.6 501.9 519.0 402.1 303.8 382.9 364.6 444.3 400.7 504.5 432.4 291.2 343.4 362.4 352.9 317.7 389.6 468.9 214.4 246.3 209.4 221.4 116.9 196.2 127.0 143.1 160.2 175.7 208.3 181.9 201.6 211.4 229.8 250.4 277.7 301.6 303.7 317.5 332.4 342.9 357.4
Current Liabilities
Account Payables 11.2 7.0 5.8 7.4 13.5 6.7 9.9 20.3 13.9 9.2 19.8 25.5 33.6 21.0 20.2 18.1 9.8 11.4 15.1 19.2 20.1 11.5 10.1 4.0 3.1 1.7 2.1 1.9 2.8 2.8 3.5 5.5 3.6 5.9 9.5 4.3 4.3 4.0 2.2 3.3 1.1
Short-Term Debt 8.6 9.3 0 0 0 0 0 0 0 0 0 518.5 471.5 431.9 0 300.1 299.6 299.2 7.2 0 5.7 0 0 3.1 3.5 4.0 0 0 0 0 0 0 0 0.6 0 0 (0.2) (0.2) (0.2) (0.2) (0.2)
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 (1.4) 0.1 0 0.1 0.2 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0.5 0 0 0.2 0.2 0.2 0.2 0.2
Other Current Liabilities 36.9 25.4 43.6 17.0 12.2 16.0 18.1 13.5 9.3 18.3 16.0 25.1 21.0 19.7 15.7 13.0 10.2 49.7 38.9 8.7 49.4 18.0 11.8 8.7 5.9 4.8 10.4 10.5 24.9 24.5 26.9 14.7 15.8 13.9 19.2 32.6 9.9 8.5 8.0 6.7 6.8
Total Current Liabilities 68.0 61.8 57.1 50.6 49.2 54.9 61.0 62.1 53.8 58.3 90.3 613.5 564.9 500.9 70.8 376.1 381.0 369.0 65.4 74.4 79.9 68.1 54.3 17.0 14.2 11.6 12.5 12.4 27.7 27.3 30.4 20.2 19.4 20.9 28.7 36.9 14.2 12.6 10.2 10.0 7.9
Non-Current Liabilities
Long-Term Debt 1,082.7 835.2 500.8 492.1 485.7 461.9 699.1 692.9 687.1 681.5 673.6 250.1 245.6 241.3 710.6 363.2 345.7 306.3 303.2 300.3 297.3 254.4 251.5 0 0 0 11.7 12.0 12.8 0 0 0 0 0 0 0 0 0 0 2.1 (0.2)
Deferred Tax Liabilities 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 0 0 0 0 0 0 0 0.1 0.2 0.4 0.5 0.7 0.8 0.9 1.0 0.9 1.0 1.1
Other Non-Current Liabilities 331.8 70.9 450.3 393.3 326.2 319.4 311.9 350.2 312.6 310.6 39.8 28.3 18.2 22.1 (49.0) (50.4) (36.0) 0.2 0.9 0.9 0.9 1.0 1.3 0 0 0 (11.7) (12.0) (12.8) 2.7 2.9 3.1 3.3 3.4 3.8 4.0 2.6 2.9 2.5 2.2 4.0
Total Non-Current Liabilities 1,447.8 939.7 985.3 921.3 845.0 816.1 1,047.8 1,079.6 1,037.9 1,032.1 752.7 322.9 310.2 311.3 711.2 363.6 346.1 343.8 339.0 330.5 314.9 271.7 260.0 9.5 10.2 10.9 11.7 12.0 12.8 8.7 9.2 9.6 10.1 10.7 11.4 11.8 11.1 11.5 11.3 5.5 5.1
Total Liabilities 1,515.8 1,001.5 1,042.4 971.9 894.2 871.1 1,108.7 1,141.7 1,091.7 1,090.4 843.1 936.4 875.1 812.2 782.0 739.7 727.1 712.8 404.4 404.9 394.8 339.9 314.3 26.5 24.4 22.4 24.3 24.4 40.5 35.9 39.6 29.8 29.5 31.6 40.0 48.7 25.3 24.1 21.5 15.6 12.9
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 0.0 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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (4,359.4) (3,726.6) (3,664.7) (3,597.4) (3,504.9) (3,375.2) (3,316.1) (3,230.4) (3,095.8) (2,961.7) (2,728.3) (2,632.7) (2,494.8) (2,378.5) (2,270.3) (2,159.3) (2,064.7) (1,961.9) (1,870.7) (1,783.0) (1,694.7) (1,615.1) (822.7) (700.7) (680.6) (662.2) (646.5) (631.0) (613.8) (595.0) (577.4) (553.8) (526.0) (498.7) (471.5) (447.5) (412.6) (387.1) (358.9) (324.4) (281.0)
Accumulated Other Comprehensive Income 27.5 29.0 5.0 12.6 20.0 1.2 0.1 (0.0) (0.0) 0.0 0.8 (0.0) (0.0) 0.2 (0.2) (0.1) (0.4) 0.0 0.1 0.0 (0.0) 0.1 (0.0) (0.1) (0.1) (0.1) (16.4) (14.2) (11.9) (11.6) (9.3) (7.2) (1) (0.4) (3.3) (2.6) (1.8) (1.2) (0.6) (0.3) (0.2)
Total Stockholders' Equity (870.0) (499.6) (524.3) (570.7) (591.4) (489.1) (745.1) (698.4) (692.0) (587.0) (411.7) (642.1) (529.0) (447.3) (426.7) (419.8) (335.6) (242.2) (188.5) (157.9) (185.8) (119.8) (199.6) 169.7 102.6 120.7 136.0 151.3 167.8 146.0 162.1 181.6 200.4 218.8 237.7 252.9 278.4 293.4 310.9 327.4 344.5
Total Liabilities & Equity 646.6 501.9 519.0 402.1 303.8 382.9 364.6 444.3 400.7 504.5 432.4 291.2 343.4 362.4 352.9 317.7 389.6 468.9 214.4 246.3 209.4 221.4 116.9 196.2 127.0 143.1 160.2 175.7 208.3 181.9 201.6 211.4 229.8 250.4 277.7 301.6 303.7 317.5 332.4 342.9 357.4
Debt Metrics
Total Debt 1,124.6 878.1 542.2 535.3 526.3 504.2 742.9 735.6 731.4 726.7 717.3 819.2 766.3 723.8 761.5 715.3 685.0 645.7 345.1 331.8 319.6 275.5 260.1 12.6 13.7 14.8 16.0 15.0 15.8 6.9 7.3 6.9 7.0 7.3 7.5 22.4 8.0 8.2 7.7 2.4 2.5
Net Debt 919.4 789.8 482.0 397.7 465.6 360.7 630.9 605.5 598.3 461.3 539.3 775.6 677.8 619.1 657.4 653.4 648.7 464.6 280.6 247.8 274.9 240.6 203.1 (90.1) (3.2) (0.7) (2.3) (2.3) (6.5) (9.9) (8.0) (9.3) (4.2) (16.6) (13.4) (16.7) (5.6) 0.1 (23.7) (35.8) (60.8)
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 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
Operating Activities
Net Income (632.8) 0 (67.3) (92.6) (129.7) (59.2) (85.8) (134.6) (134.1) (233.4) (95.6) (138.2) (116.6) (108.3) (110.9) (94.6) (102.8) (91.3) (88.4) (88.3) (79.6) (67.8) (65.6) (51.4) (37.4) (15.6) (15.6) (16.7) (17.9) (17.3) (23.6) (27.7) (27.5) (24.5) (24.0) (23.5) (24.5) (24.2) (31.9) (34.0) (30.6)
Depreciation & Amortization 4.4 0 0 3.9 3.8 4.1 4.4 4.4 4.6 4.6 16.0 4.7 4.7 5.2 9.0 4.8 4.5 3.7 3.7 4.0 3.0 2.2 3.6 3.5 3.5 2.2 2.2 1.6 3.0 2.8 2.8 2.4 1.6 1.6 1.5 1.4 1.2 1.8 0.8 0.5 0.5
Stock-Based Compensation 0 0 0 9.6 9.5 9.0 7.5 9.6 8.3 12.8 14.4 11.1 10.9 9.3 10.6 10.2 10.0 10.2 13.8 17.9 15.3 0.7 0.7 0.3 0.5 0 0.3 0.5 1.4 1.4 4.0 8.9 9.1 8.9 8.7 9.4 10.0 11.3 18.7 23.4 20.5
Change in Working Capital (0.5) (14.4) 0 (5.6) (22.0) (10.8) (10.1) 5.4 (3.9) (25.7) (4.3) 9.1 27.7 (6.6) 6.4 (24.1) 8.8 (3.2) (11.9) (2.0) (1.0) 7.8 7.9 (3.6) 0.1 (2.7) (15.5) (11.1) 24.2 (8.7) (19.7) (17.5) (4.2) (16.6) (16.5) (37.1) (10.8) (11.6) (3.7) (9.8) (73.7)
Other Non-Cash Items 553.5 (56.0) (1.7) 4.8 52.4 (28.3) (14.9) 14.8 18.2 126.6 (18.0) 33.6 (11.0) 9.6 4.4 12.5 4.6 9.0 10.1 (1.2) 1.9 (0.5) 16.5 5.2 3.4 1.2 12.1 8.9 (23.8) 7.9 19.2 17.8 5.6 17.2 20.3 34.9 14.2 12.2 5.5 11.8 74.6
Operating Cash Flow (75.4) (70.4) (68.9) (79.7) (85.9) (85.1) (98.8) (100.3) (107.0) (115.3) (87.4) (79.8) (84.3) (90.7) (80.6) (91.3) (74.9) (71.6) (72.7) (69.6) (60.5) (57.6) (37.0) (46.0) (31.1) (14.9) (16.6) (16.8) (13.1) (14.0) (17.6) (16.3) (15.5) (13.6) (10.1) (14.9) (10.1) (10.8) (10.7) (8.3) (8.9)
Investing Activities
Capital Expenditure (1.8) (0.9) (0.8) (1.1) (1.1) (2.1) (2.8) (0.7) (1.3) (8.0) (5.7) (8.5) (8.4) (18.9) (15.9) (15.9) (27.3) (10.4) (8.0) (8.0) (7.1) 0.7 (2.0) (0.0) (0.3) (0.7) (0.4) (1.0) (2.1) (2.0) (3.7) (2.5) (4.9) (11.4) (10.7) (8.2) (4.5) (1.4) (3.1) (1.1) (1.1)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0.1 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 (0.1) 0 0 (0.0)
Purchases of Investments (149.1) (45.6) 0 (15.1) (0.1) (6.1) (0.7) (85.8) (48.4) (0.2) 0 (0.1) (0.2) (0.0) 0 0 0 0 (2.5) 0 0 0 0 0 (10.3) (9.8) (10.0) (16.5) (50.3) (12.5) (29.1) (21.8) (32.0) (36.2) (28.6) (21.3) (33.7) (65.1) (42.1) (54.4) (111.4)
Sales/Maturities of Investments 119.2 90.5 0 0 5.3 18.0 69.6 35 14.0 10.4 0 0 0.1 0.1 0 0 0 0 0.6 0 0 0 0 0 24.6 22.6 27.8 28.9 32.9 30.1 49.6 45.7 39.9 67.4 46.3 86.3 54.3 58.0 52.0 45.3 10.6
Other Investing Activities 0 0 (181.4) 0 0 0 (1) 0 0 0 (10.0) 0 (0.1) (1) 14.8 132.6 (42.0) (127.4) 20.5 18.5 38.9 6.8 (54.6) 15.3 0 0.0 0 0 0 0.4 0.0 0 0 0.0 0 0 0 0.1 0 0 0.0
Investing Cash Flow (31.6) 43.6 (181.4) (16.1) 4.1 9.8 65.0 (51.5) (35.6) 2.2 (15.6) (8.6) (8.5) (18.9) (1.2) 116.7 (69.3) (137.8) 10.6 10.5 31.8 7.5 (56.6) 15.3 14.0 12.2 17.4 11.4 (19.5) 15.9 16.9 21.4 2.9 19.7 7.0 56.8 16.0 (8.5) 6.9 (10.2) (101.9)
Financing Activities
Net Debt Issuance 0.0 1.7 0 (0.0) 0 0.1 (0.0) (0.0) (0.0) (0.0) 199.0 29.8 29.8 49.7 0 0 0 298.5 0 0 40 0 0 0 0 0 0 0 0 (0.1) (0.1) (0.1) (0.1) (0.1) (14.9) (4.9) (0.0) (0.0) (0.0) 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 (1.5) 0 0 0 (0.0) (0.0) (0.4) (0.5) 0 0 (2.6) (0.0) (0.5) (0.0) 0 0 0 0 0 (0.2) 0 0 0 (2.8) 0 (11.4) (1.1) (3.9) (2.6) (6.8) (2.5)
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 (1.2) 0 0 0 (1.4) 0 0 0
Other Financing Activities (7.9) (0.6) 173.5 (0.3) (1.2) (0.9) 15.6 145.3 10.2 191.2 40.0 0.1 (0.2) (0.2) 124.0 0 0.1 27.9 0.7 98.3 1.1 0.3 63.7 87.4 (0.1) (0.1) (0.0) 0 (0.0) 0 0 (0.1) (0.0) (0.3) 0 (0.2) (0.6) (0.5) (0.6) (6.6) (1.9)
Financing Cash Flow 223.9 54.9 173.5 172.8 (1.0) 106.9 15.6 148.9 10.2 200.5 237.5 43.4 76.9 109.9 124.0 (0.0) (0.3) 326.0 42.7 98.3 38.5 0.2 63.2 87.3 (0.1) (0.1) (0.0) (0.5) 39.2 (0.4) (0.1) (0.2) (0.1) (3.1) (14.9) (16.4) (0.5) (4.1) (3.0) (6.6) (1.9)
Cash Position
Net Change in Cash 116.9 28.1 (76.8) 77.0 (82.8) 31.6 (18.1) (2.9) (132.4) 87.5 134.5 (45.0) (16.2) 0.5 42.3 25.7 (144.7) 116.6 (19.4) 39.3 9.8 (49.8) (30.5) 56.5 (17.1) (2.8) 0.8 (6.0) 6.7 1.5 (0.8) 4.9 (12.7) 3.0 (18.1) 25.4 5.5 (23.3) (6.8) (25.0) (112.7)
Cash at Beginning 88.3 61.3 138.1 60.7 143.9 112.3 130.4 133.4 265.8 178.3 43.8 88.8 105.0 104.5 62.2 36.6 181.3 64.7 84.1 44.9 35.1 84.9 115.3 58.8 76.0 18.3 17.7 23.7 17 15.5 16.3 11.4 24.1 20.9 39.0 13.6 8.1 31.4 38.2 63.2 175.9
Cash at End 205.2 89.4 61.3 137.7 61.1 143.9 112.3 130.4 133.4 265.8 178.3 43.8 88.8 105.0 104.5 62.2 36.6 181.3 64.7 84.1 44.9 35.1 84.9 115.3 58.8 15.5 18.5 17.7 23.7 17 15.5 16.3 11.4 23.9 20.9 39.0 13.6 8.1 31.4 38.2 63.2
Free Cash Flow (77.1) (71.2) (69.7) (80.8) (87.0) (87.3) (101.6) (101.1) (108.2) (123.2) (93.1) (88.3) (92.7) (109.7) (96.5) (107.2) (102.3) (82.0) (80.7) (77.6) (67.6) (56.9) (39.0) (46.0) (31.4) (15.6) (17.0) (17.8) (15.2) (16.1) (21.2) (18.8) (20.4) (25.1) (20.9) (23.1) (14.6) (12.1) (13.8) (9.4) (9.9)
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
Income Statement
Revenue 44.2 38.3 32.1 26.4 16.5 7.6 6.1 1.0 0.0 0.1 0.1 0.0 0.4 0.1 0.1 0.0 0.0 0.4 0.1 0.3 0.1 0.0 0.2 0.4 0.2 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 0.1
Gross Profit 44.0 34.0 27.9 26.3 16.5 7.6 6.1 1.0 0.0 0.1 0.1 0.0 (5.9) (6.8) (5.9) (5.9) (5.4) 0.4 0.1 0.3 0.1 (2.2) 0.2 0.4 0.2 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 0.1
Operating Income (69.8) (64.7) (55.6) (71.3) (64.4) (69.4) (80.3) (99.3) (95.2) (85.4) (80.1) (85.1) (111.6) (84.2) (90.8) (79.6) (96.0) (79.3) (78.8) (85.9) (86.3) (30.9) (65.9) (50.9) (36.7) (20.6) (15.6) (16.7) (17.9) (17.3) (23.6) (27.7) (27.6) (24.6) (23.7) (23.4) (24.6) (24.4) (31.9) (34.2) (30.8) (77.1) (42.6) (84.6)
Net Income (632.8) (61.9) (67.3) (92.6) (129.6) (59.2) (85.7) (134.6) (134.1) (233.4) (95.6) (137.9) (116.3) (108.2) (110.9) (94.6) (102.8) (91.3) (87.6) (88.3) (79.6) (32.1) (65.6) (51.4) (37.0) (22.3) (15.6) (16.7) (17.9) (17.3) (23.6) (27.7) (27.5) (24.5) (24.0) (23.5) (24.5) (24.2) (31.9) (34.0) (30.6) (76.8) (42.6) (84.6)
EPS (Diluted) -0.62 -0.06 -0.07 -0.10 -0.15 -0.09 -0.12 -0.20 -0.20 -0.40 -0.19 -0.32 -0.35 -0.27 -0.28 -0.24 -0.26 -0.23 -0.22 -0.23 -0.21 -0.18 -0.17 -0.13 -0.10 -0.07 -0.04 -0.04 -0.06 -0.05 -0.07 -0.09 -0.09 -0.08 -0.08 -0.07 -0.07 -0.07 -0.10 -0.10 -0.09 -0.24 -0.14 -0.27
Balance Sheet
Cash & Equivalents 205.2 88.3 60.2 137.7 60.7 143.4 112.0 130.1 133.0 265.5 178.0 43.5 88.5 104.6 104.2 61.9 36.4 181.1 64.5 84.0 44.7 34.9 57.0 102.7 17.0 15.5 18.3 17.3 22.3 16.8 15.3 16.1 11.2 23.9 20.9 39.0 13.6 8.1 31.4 38.2 63.2
Total Assets 646.6 501.9 519.0 402.1 303.8 382.9 364.6 444.3 400.7 504.5 432.4 291.2 343.4 362.4 352.9 317.7 389.6 468.9 214.4 246.3 209.4 221.4 116.9 196.2 127.0 143.1 160.2 175.7 208.3 181.9 201.6 211.4 229.8 250.4 277.7 301.6 303.7 317.5 332.4 342.9 357.4
Total Debt 1,124.6 878.1 542.2 535.3 526.3 504.2 742.9 735.6 731.4 726.7 717.3 819.2 766.3 723.8 761.5 715.3 685.0 645.7 345.1 331.8 319.6 275.5 260.1 12.6 13.7 14.8 16.0 15.0 15.8 6.9 7.3 6.9 7.0 7.3 7.5 22.4 8.0 8.2 7.7 2.4 2.5
Stockholders' Equity (870.0) (499.6) (524.3) (570.7) (591.4) (489.1) (745.1) (698.4) (692.0) (587.0) (411.7) (642.1) (529.0) (447.3) (426.7) (419.8) (335.6) (242.2) (188.5) (157.9) (185.8) (119.8) (199.6) 169.7 102.6 120.7 136.0 151.3 167.8 146.0 162.1 181.6 200.4 218.8 237.7 252.9 278.4 293.4 310.9 327.4 344.5
Cash Flow
Operating Cash Flow (75.4) (70.4) (68.9) (79.7) (85.9) (85.1) (98.8) (100.3) (107.0) (115.3) (87.4) (79.8) (84.3) (90.7) (80.6) (91.3) (74.9) (71.6) (72.7) (69.6) (60.5) (57.6) (37.0) (46.0) (31.1) (14.9) (16.6) (16.8) (13.1) (14.0) (17.6) (16.3) (15.5) (13.6) (10.1) (14.9) (10.1) (10.8) (10.7) (8.3) (8.9)
Capital Expenditure (1.8) (0.9) (0.8) (1.1) (1.1) (2.1) (2.8) (0.7) (1.3) (8.0) (5.7) (8.5) (8.4) (18.9) (15.9) (15.9) (27.3) (10.4) (8.0) (8.0) (7.1) 0.7 (2.0) (0.0) (0.3) (0.7) (0.4) (1.0) (2.1) (2.0) (3.7) (2.5) (4.9) (11.4) (10.7) (8.2) (4.5) (1.4) (3.1) (1.1) (1.1)
Free Cash Flow (77.1) (71.2) (69.7) (80.8) (87.0) (87.3) (101.6) (101.1) (108.2) (123.2) (93.1) (88.3) (92.7) (109.7) (96.5) (107.2) (102.3) (82.0) (80.7) (77.6) (67.6) (56.9) (39.0) (46.0) (31.4) (15.6) (17.0) (17.8) (15.2) (16.1) (21.2) (18.8) (20.4) (25.1) (20.9) (23.1) (14.6) (12.1) (13.8) (9.4) (9.9)