IMTX - Immatics N.V.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$17.00
DETAILS
HIGH:
$17.00
LOW:
$17.00
MEDIAN:
$17.00
CONSENSUS:
$17.00
UPSIDE:
123.98%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Revenue | 9.1 | 7.6 | 19.8 | 5.2 | 4.7 | 18.6 | 56.3 | 50.6 | 18.8 | 30.3 | 15.9 | 5.9 | 22.4 | 9.8 | 37.6 | 15.1 | 17.2 | 102.9 | 15.7 | 6.4 | 5.2 | 7.4 | 9.4 | 7.9 | 6.9 | 7.0 | 4.4 | 5.1 | 5.4 | 3.6 | 0.9 | 0.9 | 0.9 | 0.9 |
| Cost of Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.5 | 24.0 | 27.6 | 27.8 | 28.6 | 25.2 | 25.1 | 23.0 | 21.2 | 20.3 | 23.0 | 20.8 | 17.5 | 12.0 | 12.2 | 12.1 | 10.2 | 9.7 | 8.0 | 0 | 0 | 0 | 0 |
| Gross Profit | 9.1 | 7.6 | 19.8 | 5.2 | 4.7 | 18.6 | 56.3 | 50.6 | 18.8 | 30.3 | 15.9 | (24.6) | (1.7) | (17.8) | 9.8 | (13.5) | (8.0) | 77.8 | (7.2) | (14.8) | (15.2) | (15.6) | (11.4) | (9.6) | (5.1) | (5.2) | (7.7) | (5.2) | (4.4) | (4.4) | 0.9 | 0.9 | 0.9 | 0.9 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| R&D Expenses | 62.4 | 59.2 | 49.6 | 47.2 | 45.1 | 41.9 | 41.8 | 38.9 | 35.2 | 32.1 | 33.3 | 30.5 | 27.3 | 27.6 | 27.8 | 28.6 | 25.2 | 25.1 | 23.0 | 21.2 | 20.3 | 23.0 | 20.8 | 17.5 | 16.5 | 12.2 | 12.1 | 10.2 | 9.7 | 8.0 | 8.5 | 8.5 | 8.5 | 8.5 |
| SG&A Expenses | 13.9 | 14.5 | 13.7 | 12.7 | 12.8 | 12.1 | 13.5 | 11.2 | 10.1 | 11.6 | 10.4 | 8.9 | 9.4 | 9.6 | 9.7 | 8.4 | 8.7 | 9.3 | 8.8 | 8.3 | 8.3 | 8.4 | 8.7 | 9.2 | 10.1 | 6.2 | 4.6 | 2.8 | 2.1 | 2.3 | 1.9 | 1.9 | 1.9 | 1.9 |
| Other Expenses | 0 | (0.0) | (4.7) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (30.7) | (24.0) | (28.5) | (27.8) | (28.6) | (25.2) | (25.2) | (23.0) | (21.3) | (20.4) | (23.3) | (20.9) | (17.5) | (12.1) | (12.4) | (0.1) | (0.2) | (0.1) | (25.8) | (20.0) | (20.0) | (20.0) | (20.0) |
| Operating Expenses | 76.3 | 73.7 | 58.6 | 59.8 | 57.9 | 54.0 | 55.3 | 50.0 | 45.3 | 43.7 | 43.6 | 8.7 | 12.6 | 8.6 | 9.8 | 8.4 | 8.7 | 9.3 | 8.8 | 8.2 | 8.2 | 8.2 | 8.6 | 9.2 | 14.5 | 6.1 | 16.7 | 12.8 | 11.7 | 1.6 | (9.5) | (9.5) | (9.5) | (9.5) |
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (67.2) | (66.1) | (38.9) | (54.6) | (53.1) | (35.4) | 0.9 | 0.5 | (26.6) | (13.5) | (27.7) | (33.3) | (14.3) | (26.4) | 0.0 | (21.9) | (16.7) | 68.5 | (16.1) | (23.0) | (23.4) | (23.8) | (20.0) | (18.8) | (19.6) | (11.3) | (12.3) | (7.8) | (6.3) | (6.6) | (8.6) | (8.6) | (8.6) | (8.6) |
| Interest Expense | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | 0 | 0.0 | 0 | 0.0 | 0.0 | 0.5 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Income | 3.3 | 3.6 | 3.5 | 3.9 | 4.3 | 5.5 | 6.8 | 5.5 | 6.4 | 6.3 | 4.9 | 3.8 | 2.5 | 2.1 | 1.4 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0.3 | 0.4 | 0.2 | 0.1 | 0.9 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||||||
| EBITDA | (59.5) | (54.8) | (32.2) | (47.4) | (68.1) | (37.5) | 46.6 | 0.9 | (14.5) | 1.5 | (24.1) | (31.5) | (12.5) | (24.6) | 1.8 | (20.1) | (14.9) | 70.1 | (15.4) | (21.3) | (22.2) | (22.7) | (19.5) | (17.6) | (13.9) | (10.2) | (13.8) | (4.0) | (5.3) | (4.9) | (7.9) | (7.9) | (7.9) | (7.9) |
| EBIT | (62.6) | (57.5) | (35.3) | (50.4) | (71.1) | (40.6) | 43.5 | (2.1) | (17.6) | (1.5) | (25.9) | (33.3) | (14.3) | (26.4) | 0.0 | (21.9) | (16.7) | 68.5 | (16.1) | (23.0) | (23.4) | (23.8) | (20.0) | (18.8) | (15.1) | (11.3) | (14.9) | (4.9) | (6.2) | (5.8) | (8.1) | (8.1) | (8.1) | (8.1) |
| Income Before Tax | (62.8) | (57.8) | (35.6) | (50.7) | (71.3) | (40.8) | 43.3 | (2.4) | (17.9) | (1.7) | (26.1) | (26.5) | (24.6) | (19.7) | (10.4) | (20.4) | (12.8) | 85.7 | (16.8) | (27.2) | (26.5) | (22.8) | (18.0) | (164.0) | (21.3) | (8.6) | (14.9) | (5.0) | (6.7) | (5.9) | (8.1) | (8.1) | (8.1) | (8.1) |
| Income Tax Expense | (0.3) | 0.1 | 0.1 | (0.1) | (1.0) | (1.0) | (1.6) | 6.2 | 0.1 | 0.5 | 0 | 0 | 0 | 0 | 2.8 | 0.6 | 1.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.4) | (0.7) | (0.7) | (0.7) | (0.7) |
| Net Income | (62.5) | (57.8) | (35.7) | (50.5) | (70.3) | (39.9) | 44.9 | (8.6) | (18.0) | (2.2) | (26.1) | (26.5) | (24.6) | (19.7) | (13.2) | (20.9) | (14.0) | 85.7 | (16.8) | (27.2) | (26.5) | (22.8) | (18.0) | (164.0) | (21.0) | (8.3) | (14.7) | (4.7) | (6.5) | (5.7) | (7.3) | (7.3) | (7.3) | (7.3) |
| Per Share Data | ||||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.46 | -0.43 | -0.28 | -0.42 | -0.58 | -0.33 | 0.46 | -0.08 | -0.17 | -0.02 | -0.31 | -0.32 | -0.32 | -0.26 | -0.18 | -0.32 | -0.22 | 1.36 | -0.27 | -0.43 | -0.42 | -0.36 | -0.29 | -2.61 | -18.08 | -0.25 | -0.23 | -0.07 | -0.10 | -0.09 | -0.12 | -0.12 | -0.12 | -0.12 |
| EPS (Diluted) | -0.46 | -0.43 | -0.28 | -0.42 | -0.58 | -0.33 | 0.46 | -0.11 | -0.17 | -0.03 | -0.31 | -0.32 | -0.32 | -0.26 | -0.18 | -0.32 | -0.22 | 1.35 | -0.27 | -0.43 | -0.42 | -0.36 | -0.29 | -2.61 | -18.08 | -0.25 | -0.23 | -0.07 | -0.10 | -0.09 | -0.12 | -0.12 | -0.12 | -0.12 |
| Shares Outstanding | 136.7 | 134.6 | 126.1 | 121.6 | 121.6 | 121.5 | 105.7 | 105.9 | 103.1 | 98.7 | 84.7 | 82.8 | 76.9 | 76.0 | 75.4 | 65.4 | 63.5 | 62.9 | 62.9 | 62.9 | 62.9 | 62.9 | 62.9 | 62.9 | 1.2 | 33.1 | 62.9 | 62.9 | 62.9 | 62.9 | 62.9 | 62.9 | 62.9 | 62.9 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 232.4 | 301.6 | 345.9 | 334.9 | 256.6 | 242.8 | 236.7 | 189.2 | 158.1 | 122.1 | 218.5 | 83.4 | 130.4 | 117.9 | 148.5 | 178.0 | 265.1 | 247.3 | 133.0 | 161.3 | 160.1 | 195.3 | 207.5 | 233.7 | 86.1 | 72.2 | 103.4 | 25.8 | 25.8 | (52.5) |
| Short-Term Investments | 160.8 | 152.4 | 123.4 | 95.9 | 221.6 | 300.9 | 367.7 | 301.3 | 373.2 | 441.9 | 207.4 | 282.6 | 217.2 | 211.9 | 213.7 | 131.3 | 59.3 | 5.4 | 12.1 | 11.9 | 32.7 | 21.3 | 24.4 | 25.6 | 0 | 32.9 | 16.0 | 4.0 | 4.0 | 104.9 |
| Net Receivables | 6.7 | 4.8 | 6.9 | 4.3 | 2.9 | 6.6 | 6.7 | 8.4 | 3.6 | 3.4 | 5.7 | 1.4 | 1.9 | 1.2 | 1.1 | 2.0 | 1.0 | 0.7 | 2.4 | 3.2 | 2.7 | 2.2 | 2.9 | 2.4 | 2.3 | 0.3 | 2.7 | 0.7 | 0.7 | 0.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 10.8 | 9.5 | 10.0 | 0 | 8.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.2 | 0 | 0 | (1.2) |
| Other Current Assets | 18.6 | 17.6 | 14.9 | 9.2 | 11.5 | 11.3 | 6.3 | 0.6 | 12.0 | 10.4 | 7.1 | 6.8 | 5.5 | 4.0 | 3.4 | 2.1 | 4.1 | 2.9 | 0.9 | 1.1 | 1.0 | 0.8 | 1.7 | 1.8 | 2.4 | 3.0 | 0.7 | 0.5 | 0.5 | 0.5 |
| Total Current Assets | 429.0 | 485.3 | 504.0 | 458.0 | 503.9 | 573.6 | 629.6 | 512.8 | 559.4 | 588.4 | 449.4 | 385.0 | 364.6 | 345.1 | 377.2 | 322.3 | 336.0 | 259.9 | 152.2 | 180.1 | 198.3 | 222.0 | 239.0 | 266.9 | 92.1 | 109.7 | 124 | 31 | 31 | 52.5 |
| Non-Current Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 51.7 | 53.5 | 54.9 | 58.2 | 60.8 | 65.4 | 63.7 | 61.8 | 64.9 | 61.9 | 57.1 | 49.1 | 41.9 | 29.6 | 26.5 | 26.4 | 26.3 | 20.1 | 20.5 | 16.8 | 16.1 | 14.3 | 14.0 | 14.6 | 14.2 | 9.9 | 8.0 | 2.0 | 2.0 | 2.0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.5 | 1.5 | 1.6 | 1.7 | 1.6 | 1.6 | 1.5 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 0.9 | 0.9 | 1.0 | 1.0 | 1.0 | 1.0 | 0.3 | 0.3 | 0.3 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 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 Assets | 3.3 | 3.4 | 1.9 | 0.8 | 1 | 1.1 | 1.2 | 1.1 | 1.3 | 1.4 | 2.0 | 1.7 | 2.0 | 2.3 | 2.5 | 4.0 | 4.7 | 0.9 | 0.6 | 0.7 | 0.8 | 0.6 | 0.7 | 0.6 | 0.7 | 1.2 | 1.3 | 0.3 | 0.3 | (54.7) |
| Total Non-Current Assets | 56.5 | 58.5 | 58.3 | 60.5 | 63.4 | 68.1 | 66.6 | 64.5 | 67.9 | 64.7 | 60.6 | 52.4 | 45.6 | 33.4 | 30.7 | 32.0 | 32.3 | 22.3 | 22.4 | 18.8 | 18.2 | 15.8 | 15.7 | 16.2 | 15.8 | 12.0 | 10.3 | 2.6 | 2.6 | (52.5) |
| Total Assets | 485.5 | 543.8 | 562.3 | 518.6 | 567.3 | 641.7 | 696.1 | 577.2 | 627.0 | 653.1 | 510.0 | 437.4 | 410.2 | 378.5 | 407.8 | 354.3 | 368.3 | 282.2 | 174.6 | 198.9 | 216.5 | 237.8 | 254.6 | 283.0 | 107.9 | 121.8 | 134.3 | 33.6 | 33.6 | 33.6 |
| Current Liabilities | ||||||||||||||||||||||||||||||
| Account Payables | 6.2 | 8.1 | 0.3 | 2.8 | 4.2 | 5.9 | 10.1 | 8.9 | 3.8 | 6.1 | 7.7 | 6.2 | 5.5 | 4.7 | 4.0 | 12.8 | 13.3 | 13.3 | 3.0 | 11.8 | 9.4 | 10.3 | 2.6 | 9.7 | 8.1 | 8.7 | 4.9 | 0 | 0 | 0 |
| Short-Term Debt | 2.7 | 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 |
| Deferred Revenue | 9.6 | 13.2 | 15.8 | 25.6 | 24.4 | 25.3 | 35.9 | 68.9 | 95.5 | 96.5 | 100.4 | 62.0 | 68.0 | 64.8 | 65.0 | 80.2 | 78.4 | 61.4 | 50.4 | 61.9 | 58.0 | 53.3 | 46.6 | 60.6 | 65.7 | 0 | 59.6 | 14.9 | 14.9 | 14.9 |
| Other Current Liabilities | 35.6 | 7.8 | 3.3 | 10.6 | 8.6 | 6.5 | 4.8 | 23.8 | 24.1 | 20.4 | 20.5 | 29.1 | 26.1 | 11.7 | 17.9 | 24.6 | 17.1 | 12.9 | 28.0 | 29.5 | 2.1 | 1.2 | 17.1 | 2.6 | 12.0 | 66.5 | 0.1 | 1.2 | 1.2 | 1.2 |
| Total Current Liabilities | 56.9 | 55.3 | 43.0 | 62.3 | 57.2 | 55.8 | 68.0 | 128.9 | 149.6 | 149.1 | 156.6 | 121.1 | 124.3 | 100.6 | 106.5 | 124.1 | 114.0 | 91.9 | 95.1 | 107.1 | 73.1 | 68.0 | 77.5 | 76.2 | 87.9 | 77.3 | 69.3 | 17.3 | 17.3 | 17.3 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 3.6 | 3.9 | 3.8 | 3.7 | 3.8 | 4.8 | 5.8 | 0 | 0 | 0 | 7.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 92.1 | 2.1 | 1.0 | 1.0 | 1.0 |
| Total Non-Current Liabilities | 29.1 | 32.2 | 35.2 | 39.6 | 45.5 | 49.3 | 53.3 | 65.8 | 89.5 | 103.2 | 135.8 | 68.6 | 67.7 | 77.8 | 88.2 | 117.1 | 129.4 | 74.3 | 55.4 | 56.6 | 66.9 | 76.1 | 89.8 | 85.2 | 88.1 | 94.5 | 105.8 | 26.5 | 26.5 | 26.5 |
| Total Liabilities | 86.1 | 87.6 | 78.2 | 101.9 | 102.7 | 105.1 | 121.3 | 194.7 | 239.1 | 252.3 | 292.3 | 189.7 | 192.0 | 178.4 | 194.7 | 241.2 | 243.4 | 166.2 | 150.6 | 163.8 | 140.1 | 144.1 | 167.3 | 161.4 | 175.9 | 171.8 | 175.1 | 43.8 | 43.8 | 43.8 |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Common Stock | 1.4 | 1.4 | 1.3 | 1.2 | 1.2 | 1.2 | 1.2 | 1.0 | 1.0 | 1.0 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 1.2 | 1.2 | 1.2 | 0.3 | 0.3 | 0.3 |
| Retained Earnings | (905.9) | (844.7) | (786.0) | (750.3) | (699.7) | (629.4) | (589.5) | (626.9) | (618.4) | (600.3) | (604.8) | (571.1) | (544.7) | (520.0) | (500.3) | (487.1) | (466.1) | (452.2) | (537.8) | (521.0) | (507.7) | (483.9) | (444.5) | (439.7) | (262.5) | (241.5) | (233.2) | (58.3) | (58.3) | (58.3) |
| Accumulated Other Comprehensive Income | (5.5) | (6.7) | (8.6) | (8.1) | (7.5) | (1.7) | 1.0 | (2.2) | (0.8) | (1.3) | (1.6) | (0.7) | (1.1) | (0.9) | (1.5) | (2.8) | (2.6) | (3.4) | (3.9) | (4.9) | (6.1) | (4.7) | (7.5) | (4.2) | (0.7) | (1.5) | (0.8) | (3.2) | (3.2) | (10.4) |
| Total Stockholders' Equity | 399.5 | 456.3 | 484.1 | 416.7 | 464.6 | 536.6 | 574.8 | 382.5 | 387.9 | 400.8 | 217.6 | 247.8 | 218.2 | 200.1 | 213.2 | 113.0 | 124.9 | 116.0 | 24.1 | 35.2 | 76.4 | 93.7 | 87.4 | 121.7 | (68.5) | (50.8) | (41.9) | (10.2) | (10.2) | (9.2) |
| Total Liabilities & Equity | 485.5 | 543.8 | 562.3 | 518.6 | 567.3 | 641.7 | 696.1 | 577.2 | 627.0 | 653.1 | 510.0 | 437.4 | 410.2 | 378.5 | 407.8 | 354.3 | 368.3 | 282.2 | 174.6 | 198.9 | 216.5 | 237.8 | 254.6 | 283.0 | 107.9 | 121.8 | 134.3 | 33.6 | 33.6 | (9.2) |
| Debt Metrics | ||||||||||||||||||||||||||||||
| Total Debt | 14.6 | 15.1 | 15.6 | 16.4 | 17.1 | 18.4 | 16.2 | 16.0 | 17.4 | 14.6 | 15.4 | 16.5 | 16.8 | 15.0 | 14.6 | 16.3 | 16.4 | 9.3 | 9.9 | 7.0 | 7.1 | 6.4 | 6.2 | 6.8 | 7.5 | 3.8 | 3.2 | 0.8 | 0.8 | 0.8 |
| Net Debt | (217.8) | (286.5) | (330.3) | (318.5) | (239.5) | (224.5) | (220.5) | (173.2) | (140.7) | (107.5) | (203.1) | (67.0) | (113.6) | (103.0) | (134.0) | (161.8) | (248.7) | (238.1) | (123.1) | (154.3) | (153.0) | (189.0) | (201.3) | (226.8) | (78.6) | (68.4) | (100.1) | (25.0) | (25.0) | 53.3 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | (63.5) | (58.8) | (35.4) | (52.7) | (70.3) | (39.9) | 44.9 | (8.6) | (18.0) | (3.1) | (26.1) | (26.5) | (24.6) | (19.7) | (13.2) | (20.9) | (14.0) | 85.7 | (16.8) | (31.1) | (23.8) | (21.6) | (22.6) | (177.1) | (21.3) | (8.6) | (14.9) | (5.0) | (6.5) | (5.7) | (8.1) | (8.1) | (8.1) | (8.1) |
| Depreciation & Amortization | 3.1 | 2.8 | 3.1 | 3.1 | 3.0 | 3.1 | 3.1 | 3.0 | 3.1 | 3.0 | 1.8 | 1.8 | 1.9 | 1.8 | 1.7 | 1.8 | 1.8 | 1.6 | 1.3 | 1.7 | 1.2 | 1.1 | 1.0 | 1.2 | 1.2 | 1.0 | 1.1 | 0.9 | 1.0 | 0.9 | 0.5 | 0.5 | 0.5 | 0.5 |
| Stock-Based Compensation | 0 | 0 | 0 | 3.2 | 4.1 | 4.3 | 4.5 | 4.5 | 0 | 4.3 | 4.4 | 4.7 | 5.5 | 6.1 | 5.8 | 5.5 | 5.6 | 5.7 | 4.7 | 5.4 | 8.0 | 8.3 | 7.9 | 8.1 | 6.9 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | 0.4 | 0.4 | 0.4 | 0.4 |
| Change in Working Capital | (4.4) | 13.7 | (29.7) | (2.0) | 3.9 | (15.9) | (71.3) | (44.1) | (19.7) | (29.0) | 96.0 | (6.0) | (1.7) | (6.7) | (41.6) | (12.0) | 58.4 | 32.5 | (17.6) | (4.2) | (5.2) | (4.8) | (7.4) | (23.6) | 9.5 | (3.7) | 40.4 | 51.3 | 4.3 | 8.9 | 12.3 | 12.3 | 12.3 | 12.3 |
| Other Non-Cash Items | 4.0 | (0.6) | 2.2 | 3.7 | 21.2 | 15.0 | (38.1) | 5.2 | 1.2 | (7.9) | (4.6) | (3.8) | (2.5) | (5.2) | 15.8 | (7.1) | 1.7 | (16.4) | 0.3 | 0.1 | 0.0 | 0.0 | 0.2 | 142.9 | 2.4 | 0.4 | 1.4 | (0.2) | (3.6) | (4.6) | 0.1 | 0.1 | 0.1 | 0.1 |
| Operating Cash Flow | (61.2) | (42.7) | (57.6) | (44.7) | (39.1) | (34.2) | (58.5) | (33.7) | (33.2) | (32.6) | 79.1 | (30.5) | (6.6) | (23.7) | (31.4) | (32.1) | 54.6 | 109.1 | (26.6) | (18.6) | (19.9) | (16.7) | (25.7) | (48.1) | (0.3) | (11.4) | 28.6 | 47.3 | (4.7) | (0.2) | 5.2 | 5.2 | 5.2 | 5.2 |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditure | (0.9) | (0.8) | (0.9) | (1.1) | (1.6) | (3.1) | (1.7) | (2.8) | (2.8) | (9.2) | (9.3) | (6.5) | (10.8) | (4.3) | (2.6) | (1.6) | (0.8) | (1.2) | (1.9) | (1.5) | (1.7) | (0.6) | (1.6) | (1.4) | (2.2) | (2.4) | (0.8) | (0.3) | (0.9) | (0.3) | (0.1) | (0.1) | (0.1) | (0.1) |
| Acquisitions | 0.0 | 0.0 | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.4) | 0.0 | 0.1 | (0.6) | 0 | 0 | (67.7) | 0 | 16.9 | (0.1) | (0.4) | (0.0) | 97.7 | 0 | 0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (70.8) | (71.2) | (56.0) | 0 | (22.0) | (258.6) | (93.8) | 0 | (66.0) | 0 | (116.3) | (128.7) | (102.6) | (67.7) | (87.6) | (69.5) | (59.3) | 0 | 42.6 | (0.1) | (32.5) | (21.3) | (24.4) | (25.6) | 0 | (32.9) | (73.4) | 0 | (19.5) | (19.5) | (3.3) | (3.3) | (3.3) | (3.3) |
| Sales/Maturities of Investments | 63.6 | 43.4 | 27.4 | 123.7 | 87.8 | 308.5 | 48.1 | 69.8 | 138.6 | 0 | 185.2 | 64.6 | 96.6 | 68.3 | 0 | 0 | 5.7 | 7.0 | (42.5) | 21.2 | 21.3 | 24.4 | 25.6 | 0 | 0 | 16.0 | 57.3 | 0 | 18.7 | 18.7 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | (0.1) | (0.0) | (0.1) | 0.0 | (0.1) | (232.6) | 0.6 | (0.0) | (0.1) | 0.6 | (0.0) | 0.1 | 67.7 | 0.0 | (16.9) | 0.1 | 0.4 | 0.0 | (97.7) | 16.0 | 16.8 | (0.0) | (0.0) | 13.1 | 0.1 | (0.0) | 0.1 | 0.1 | 0.1 | 0.1 |
| Investing Cash Flow | (8.1) | (28.5) | (29.6) | 122.7 | 64.2 | 46.8 | (47.4) | 67.0 | 69.8 | (241.8) | 59.7 | (70.6) | (16.8) | (3.7) | (90.2) | (71.1) | (54.4) | 5.8 | (1.8) | 19.6 | (12.9) | 2.6 | (0.4) | (11.0) | 14.7 | (19.2) | (16.8) | 12.8 | (0.8) | (0.3) | (3.3) | (3.3) | (3.3) | (3.3) |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | (0.7) | (0.7) | (0.7) | (0.8) | (0.8) | (0.9) | 0.5 | (1.0) | (1.0) | (1) | (0.9) | (0.7) | (0.8) | (0.7) | (0.7) | (0.6) | (0.8) | (0.9) | (0.5) | (0.5) | (0.5) | (0.6) | (0.6) | (0.5) | (0.5) | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (11.2) | 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 |
| 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 |
| Other Financing Activities | (0.7) | (0.8) | (0.7) | 0 | 0 | 0 | (21.3) | 0 | 11.5 | (11.5) | 0 | (0.9) | (1.2) | 0 | (7.3) | (0.1) | (0.5) | 0 | 0 | 0 | 0 | 0 | (7.9) | 0.7 | 0 | 0 | 0 | 0 | (0.4) | (0.4) | 5.9 | 5.9 | 5.9 | 5.9 |
| Financing Cash Flow | (0.8) | 21.3 | 98.6 | (0.7) | (0.7) | (0.7) | 146.4 | (0.8) | (0.6) | 174.6 | (1.0) | 49.9 | 36.5 | (0.9) | 105.5 | 3.0 | 15.9 | (0.7) | (0.6) | (0.7) | (0.9) | (0.5) | 0.1 | 208.9 | (0.6) | (0.6) | (0.5) | (0.5) | (0.4) | (0.4) | 5.9 | 5.9 | 5.9 | 5.9 |
| Cash Position | ||||||||||||||||||||||||||||||||||
| Net Change in Cash | (71.2) | (51.3) | 10.8 | 78.3 | 13.8 | 6.1 | 47.5 | 31.1 | 36.0 | (96.4) | 135.0 | (47.0) | 12.5 | (30.6) | (29.5) | (87.1) | 17.8 | 114.3 | (28.3) | 1.2 | (35.2) | (12.2) | (26.1) | 147.6 | 13.9 | (31.2) | 11.3 | 59.7 | (6.0) | 28.5 | 7.7 | 7.7 | 7.7 | 7.7 |
| Cash at Beginning | 303.6 | 353.0 | 334.9 | 256.6 | 242.8 | 236.7 | 189.2 | 158.1 | 122.2 | 218.7 | 83.4 | 130.4 | 117.9 | 148.5 | 178.0 | 265.1 | 247.3 | 133.0 | 161.3 | 160.1 | 195.3 | 207.5 | 233.7 | 86.1 | 72.2 | 103.4 | 92.1 | 32.4 | 38.3 | 9.8 | 2.1 | 2.1 | 2.1 | 2.1 |
| Cash at End | 232.4 | 301.6 | 345.8 | 334.9 | 256.6 | 242.8 | 236.7 | 189.2 | 158.2 | 122.2 | 218.5 | 83.4 | 130.4 | 117.9 | 148.5 | 178.0 | 265.1 | 247.3 | 133.0 | 161.3 | 160.1 | 195.3 | 207.5 | 233.7 | 86.1 | 72.2 | 103.4 | 92.1 | 32.4 | 38.3 | 9.8 | 9.8 | 9.8 | 9.8 |
| Free Cash Flow | (62.1) | (43.5) | (58.6) | (45.8) | (40.6) | (37.3) | (60.2) | (36.5) | (36.0) | (42.0) | 69.8 | (37.0) | (17.4) | (28.0) | (34.1) | (33.8) | 53.8 | 107.9 | (28.5) | (20.0) | (21.7) | (17.2) | (27.3) | (49.5) | (2.4) | (13.8) | 27.8 | 47.1 | (5.6) | (0.5) | 5.0 | 5.0 | 5.0 | 5.0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||||
| Revenue | 9.1 | 7.6 | 19.8 | 5.2 | 4.7 | 18.6 | 56.3 | 50.6 | 18.8 | 30.3 | 15.9 | 5.9 | 22.4 | 9.8 | 37.6 | 15.1 | 17.2 | 102.9 | 15.7 | 6.4 | 5.2 | 7.4 | 9.4 | 7.9 | 6.9 | 7.0 | 4.4 | 5.1 | 5.4 | 3.6 | 0.9 | 0.9 | 0.9 | 0.9 |
| Gross Profit | 9.1 | 7.6 | 19.8 | 5.2 | 4.7 | 18.6 | 56.3 | 50.6 | 18.8 | 30.3 | 15.9 | (24.6) | (1.7) | (17.8) | 9.8 | (13.5) | (8.0) | 77.8 | (7.2) | (14.8) | (15.2) | (15.6) | (11.4) | (9.6) | (5.1) | (5.2) | (7.7) | (5.2) | (4.4) | (4.4) | 0.9 | 0.9 | 0.9 | 0.9 |
| Operating Income | (67.2) | (66.1) | (38.9) | (54.6) | (53.1) | (35.4) | 0.9 | 0.5 | (26.6) | (13.5) | (27.7) | (33.3) | (14.3) | (26.4) | 0.0 | (21.9) | (16.7) | 68.5 | (16.1) | (23.0) | (23.4) | (23.8) | (20.0) | (18.8) | (19.6) | (11.3) | (12.3) | (7.8) | (6.3) | (6.6) | (8.6) | (8.6) | (8.6) | (8.6) |
| Net Income | (62.5) | (57.8) | (35.7) | (50.5) | (70.3) | (39.9) | 44.9 | (8.6) | (18.0) | (2.2) | (26.1) | (26.5) | (24.6) | (19.7) | (13.2) | (20.9) | (14.0) | 85.7 | (16.8) | (27.2) | (26.5) | (22.8) | (18.0) | (164.0) | (21.0) | (8.3) | (14.7) | (4.7) | (6.5) | (5.7) | (7.3) | (7.3) | (7.3) | (7.3) |
| EPS (Diluted) | -0.46 | -0.43 | -0.28 | -0.42 | -0.58 | -0.33 | 0.46 | -0.11 | -0.17 | -0.03 | -0.31 | -0.32 | -0.32 | -0.26 | -0.18 | -0.32 | -0.22 | 1.35 | -0.27 | -0.43 | -0.42 | -0.36 | -0.29 | -2.61 | -18.08 | -0.25 | -0.23 | -0.07 | -0.10 | -0.09 | -0.12 | -0.12 | -0.12 | -0.12 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 232.4 | 301.6 | 345.9 | 334.9 | 256.6 | 242.8 | 236.7 | 189.2 | 158.1 | 122.1 | 218.5 | 83.4 | 130.4 | 117.9 | 148.5 | 178.0 | 265.1 | 247.3 | 133.0 | 161.3 | 160.1 | 195.3 | 207.5 | 233.7 | 86.1 | 72.2 | 103.4 | 25.8 | 25.8 | (52.5) | ||||
| Total Assets | 485.5 | 543.8 | 562.3 | 518.6 | 567.3 | 641.7 | 696.1 | 577.2 | 627.0 | 653.1 | 510.0 | 437.4 | 410.2 | 378.5 | 407.8 | 354.3 | 368.3 | 282.2 | 174.6 | 198.9 | 216.5 | 237.8 | 254.6 | 283.0 | 107.9 | 121.8 | 134.3 | 33.6 | 33.6 | 33.6 | ||||
| Total Debt | 14.6 | 15.1 | 15.6 | 16.4 | 17.1 | 18.4 | 16.2 | 16.0 | 17.4 | 14.6 | 15.4 | 16.5 | 16.8 | 15.0 | 14.6 | 16.3 | 16.4 | 9.3 | 9.9 | 7.0 | 7.1 | 6.4 | 6.2 | 6.8 | 7.5 | 3.8 | 3.2 | 0.8 | 0.8 | 0.8 | ||||
| Stockholders' Equity | 399.5 | 456.3 | 484.1 | 416.7 | 464.6 | 536.6 | 574.8 | 382.5 | 387.9 | 400.8 | 217.6 | 247.8 | 218.2 | 200.1 | 213.2 | 113.0 | 124.9 | 116.0 | 24.1 | 35.2 | 76.4 | 93.7 | 87.4 | 121.7 | (68.5) | (50.8) | (41.9) | (10.2) | (10.2) | (9.2) | ||||
| Cash Flow | ||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (61.2) | (42.7) | (57.6) | (44.7) | (39.1) | (34.2) | (58.5) | (33.7) | (33.2) | (32.6) | 79.1 | (30.5) | (6.6) | (23.7) | (31.4) | (32.1) | 54.6 | 109.1 | (26.6) | (18.6) | (19.9) | (16.7) | (25.7) | (48.1) | (0.3) | (11.4) | 28.6 | 47.3 | (4.7) | (0.2) | 5.2 | 5.2 | 5.2 | 5.2 |
| Capital Expenditure | (0.9) | (0.8) | (0.9) | (1.1) | (1.6) | (3.1) | (1.7) | (2.8) | (2.8) | (9.2) | (9.3) | (6.5) | (10.8) | (4.3) | (2.6) | (1.6) | (0.8) | (1.2) | (1.9) | (1.5) | (1.7) | (0.6) | (1.6) | (1.4) | (2.2) | (2.4) | (0.8) | (0.3) | (0.9) | (0.3) | (0.1) | (0.1) | (0.1) | (0.1) |
| Free Cash Flow | (62.1) | (43.5) | (58.6) | (45.8) | (40.6) | (37.3) | (60.2) | (36.5) | (36.0) | (42.0) | 69.8 | (37.0) | (17.4) | (28.0) | (34.1) | (33.8) | 53.8 | 107.9 | (28.5) | (20.0) | (21.7) | (17.2) | (27.3) | (49.5) | (2.4) | (13.8) | 27.8 | 47.1 | (5.6) | (0.5) | 5.0 | 5.0 | 5.0 | 5.0 |