IONQ - IonQ, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$64.00
DETAILS
HIGH:
$80.00
LOW:
$43.00
MEDIAN:
$70.00
CONSENSUS:
$64.00
UPSIDE:
104.60%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||
| Revenue | 80.0 | 64.7 | 61.9 | 39.9 | 20.7 | 7.6 | 11.7 | 12.4 | 11.4 | 7.6 | 6.1 | 6.1 | 5.5 | 4.3 | 3.8 | 2.8 | 2.6 | 2.0 | 1.6 | 0.2 | 0.1 | 0.1 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 60.1 | 49.3 | 26.9 | 20.7 | 18.9 | 10.9 | 5.0 | 6.5 | 9.9 | 3.4 | 6.7 | 2.0 | 4.2 | 2.8 | 2.3 | 2.3 | 2.2 | 1.8 | 1.3 | 0.8 | 0.8 | 0.6 | 0.1 | 0.1 | 0 | 0 |
| Gross Profit | 19.9 | 15.4 | 35.0 | 19.1 | 1.8 | (3.3) | 6.7 | 5.9 | 1.5 | 4.2 | (0.6) | 4.1 | 1.3 | 1.5 | 1.6 | 0.5 | 0.4 | 0.1 | 0.3 | (0.6) | (0.7) | (0.5) | (0.1) | (0.1) | 0 | 0 |
| Operating Expenses | ||||||||||||||||||||||||||
| R&D Expenses | 160.6 | 125.7 | 96.1 | 68.0 | 103.4 | 40.0 | 40.1 | 33.2 | 31.2 | 32.4 | 31.6 | 24.6 | 19.9 | 16.2 | 13.7 | 13.3 | 9.7 | 7.3 | 4.9 | 6.2 | 5.5 | 3.7 | 2.5 | 2.3 | 2.7 | 2.6 |
| SG&A Expenses | 150.5 | 118.1 | 110.2 | 96.9 | 58.8 | 32.4 | 38.6 | 21.0 | 19.2 | 20.7 | 22.3 | 19.0 | 14.5 | 13.2 | 11.5 | 12.1 | 9.7 | 11.1 | 6.3 | 3.7 | 3.8 | 3.2 | 1.9 | 0.8 | 0.7 | 0.6 |
| Other Expenses | 46.1 | 43.1 | 71.4 | 23.0 | (14.0) | 0 | 5.5 | 4.9 | 0 | 4.0 | 0 | 2.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0.4 | 0.3 | 0.2 |
| Operating Expenses | 357.2 | 286.9 | 277.7 | 187.9 | 148.2 | 72.4 | 84.2 | 59.0 | 50.4 | 57.0 | 53.9 | 46.3 | 34.4 | 29.5 | 25.2 | 25.4 | 19.3 | 18.4 | 11.2 | 9.9 | 9.3 | 6.8 | 4.8 | 3.5 | 3.7 | 3.5 |
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (337.2) | (271.5) | (242.7) | (168.8) | (146.5) | (75.7) | (77.5) | (53.1) | (48.9) | (52.9) | (54.4) | (42.2) | (33.1) | (28.0) | (23.6) | (24.9) | (18.9) | (18.3) | (10.8) | (10.5) | (10.0) | (7.3) | (4.9) | (3.6) | (3.7) | (3.5) |
| Interest Expense | 0 | 0 | 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 | 28.2 | 0 | 14.4 | 7.1 | 4.9 | 4.1 | 4.5 | 4.8 | 4.8 | 5.2 | 5.0 | 4.9 | 4.2 | 3.2 | 2.1 | 1.3 | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||
| EBITDA | 1,246.3 | 841.4 | 769.0 | (1,035.9) | (182.2) | (25.7) | (196.5) | (47.6) | (33.2) | (35.6) | (38.4) | (42.0) | (41.4) | (25.5) | (17.3) | (22.5) | (0.2) | (3.0) | (73.1) | (14.2) | (9.5) | (6.9) | (4.5) | (3.2) | (3.4) | (3.2) |
| EBIT | 1,200.2 | 798.2 | 728.4 | (1,060.0) | (192.8) | (32.2) | (202.0) | (52.5) | (37.5) | (39.6) | (41.9) | (44.8) | (43.7) | (27.3) | (18.6) | (24.0) | (1.7) | (4.2) | (74.1) | (14.8) | (10.0) | (7.3) | (4.9) | (3.6) | (3.7) | (3.5) |
| Income Before Tax | (1,874.7) | 798.2 | 728.4 | (1,060.0) | (192.8) | (32.2) | (202.0) | (52.5) | (37.5) | (39.6) | (41.9) | (44.8) | (43.7) | (27.3) | (18.6) | (24.0) | (1.7) | (4.2) | (74.1) | (14.8) | (10.0) | (7.3) | (4.9) | (3.6) | (3.7) | (3.3) |
| Income Tax Expense | (6.1) | (6.4) | 24.9 | (4.4) | (15.3) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (1,867.7) | 805.4 | 703.5 | (1,055.0) | (176.8) | (32.3) | (202.0) | (52.5) | (37.6) | (39.6) | (41.9) | (44.8) | (43.7) | (27.3) | (18.6) | (24.0) | (1.7) | (4.2) | (74.1) | (14.8) | (10.0) | (7.3) | (4.9) | (3.6) | (3.7) | (3.3) |
| Per Share Data | ||||||||||||||||||||||||||
| EPS (Basic) | -5.08 | 2.24 | 2.13 | -3.58 | -0.70 | -0.14 | -0.93 | -0.24 | -0.18 | -0.19 | -0.20 | -0.22 | -0.22 | -0.14 | -0.09 | -0.12 | -0.01 | -0.02 | -0.39 | -0.08 | -0.05 | -0.04 | -0.03 | -0.02 | -0.68 | -0.63 |
| EPS (Diluted) | -5.08 | 2.07 | 1.93 | -3.58 | -0.70 | -0.14 | -0.93 | -0.24 | -0.18 | -0.19 | -0.20 | -0.22 | -0.22 | -0.14 | -0.09 | -0.12 | -0.01 | -0.02 | -0.38 | -0.08 | -0.05 | -0.04 | -0.03 | -0.02 | -0.68 | -0.63 |
| Shares Outstanding | 367.7 | 358.8 | 345.7 | 294.5 | 251.0 | 228.8 | 217.9 | 214.3 | 211.6 | 208.2 | 205.3 | 203.4 | 201.4 | 200.1 | 199.2 | 198.3 | 197.2 | 196.2 | 192.1 | 192.5 | 192.5 | 192.5 | 192.5 | 192.5 | 5.4 | 5.2 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||
| Cash & Cash Equivalents | 1,235.7 | 493.5 | 1,030.9 | 346.0 | 140.1 | 159.7 | 54.4 | 30.2 | 41.8 | 60.1 | 35.7 | 37.1 | 14.0 | 51.9 | 44.4 | 57.2 | 44.0 | 86.8 | 399.0 | 587.3 | 27.7 | 35.4 |
| Short-Term Investments | 883.2 | 1,539.9 | 1,361.3 | 736.3 | 403.3 | 428.6 | 285.9 | 271.6 | 328.0 | 315.3 | 319.8 | 346.9 | 361.7 | 336.0 | 311.4 | 348.4 | 379.4 | 329.2 | 123.4 | 0 | 0 | 0 |
| Net Receivables | 105.9 | 117.2 | 85.0 | 36.9 | 26.4 | 13.6 | 12.4 | 70.3 | 7.9 | 9.6 | 13.6 | 3.0 | 2.4 | 1.8 | 3.3 | 2.9 | 1.8 | 0.6 | 0.7 | 4.1 | 0.4 | 0.1 |
| Inventory | 0 | 70.6 | 57.7 | 57.4 | 34.5 | 24.0 | 18.7 | 17.9 | 19.2 | 16.2 | 12.5 | 0 | 0 | 0 | 5.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 0 | 31.9 | 25.1 | 29.8 | 15.9 | 6.7 | 2.6 | 2.3 | 3.5 | 3.6 | 2.8 | 0 | 0 | 12.6 | 3.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 2,409.8 | 2,302.9 | 2,586.4 | 1,215.3 | 625.9 | 637.0 | 378.8 | 395.4 | 404.9 | 409.9 | 390.0 | 403.8 | 391.3 | 402.3 | 371.6 | 416.6 | 430.2 | 422.3 | 529.6 | 597.9 | 33.0 | 39.7 |
| Non-Current Assets | ||||||||||||||||||||||
| Property, Plant & Equipment | 190.9 | 155.8 | 142.9 | 140.5 | 69.8 | 60.9 | 62.2 | 59.5 | 57.8 | 51.6 | 42.1 | 40.9 | 34.7 | 32.3 | 29.8 | 28.9 | 28.8 | 25.1 | 22.9 | 20.8 | 19.7 | 17.6 |
| Goodwill | 2,186.0 | 2,127.7 | 1,963.6 | 1,865.8 | 370.7 | 10.7 | 9.9 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 778.9 | 781.1 | 767.4 | 655.9 | 143.2 | 28.2 | 29.5 | 17.5 | 17.0 | 16.9 | 15.1 | 13.1 | 11.5 | 10.1 | 8.9 | 7.6 | 6.8 | 6.2 | 5.8 | 5.5 | 5.1 | 4.4 |
| Long-Term Investments | 840.4 | 1,058.4 | 944.6 | 430.6 | 109.9 | 108.9 | 23.5 | 13.7 | 32.2 | 59.1 | 100.5 | 101.1 | 133.5 | 137.6 | 182.0 | 150.2 | 148.0 | 170.5 | 80.1 | 0 | 0 | 0 |
| Other Non-Current Assets | 372.7 | 267.8 | 165.4 | 11.2 | 27.0 | 4.5 | 4.4 | 11.1 | 4.9 | 5.6 | 5.2 | 5.7 | 5.0 | 4.9 | 4.9 | 3.3 | 3.1 | 3.4 | 3.6 | 2.4 | 2.6 | 2.7 |
| Total Non-Current Assets | 4,368.8 | 4,390.8 | 3,983.9 | 3,104.0 | 720.7 | 213.1 | 129.6 | 102.5 | 112.6 | 133.9 | 163.6 | 161.5 | 185.5 | 185.6 | 226.4 | 190.0 | 186.7 | 205.1 | 112.4 | 28.7 | 27.4 | 24.8 |
| Total Assets | 6,778.6 | 6,693.7 | 6,570.4 | 4,319.3 | 1,346.6 | 850.1 | 508.4 | 497.9 | 517.4 | 543.9 | 553.6 | 565.4 | 576.9 | 587.9 | 598.0 | 606.6 | 617.0 | 627.5 | 642.0 | 626.6 | 60.4 | 64.4 |
| Current Liabilities | ||||||||||||||||||||||
| Account Payables | 44.6 | 38.3 | 26.1 | 17.0 | 8.9 | 8.8 | 5.2 | 4.9 | 6.3 | 5.9 | 5.6 | 6.4 | 4.6 | 3.6 | 3.1 | 5.0 | 3.7 | 2.0 | 1.9 | 2.0 | 4.6 | 2.3 |
| Short-Term Debt | 0 | 9.2 | 8.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 72.8 | 51.0 | 42.1 | 0 | 16.7 | 0 | 0 | 8.3 | 0 | 0 | 12.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 37.2 | 45.5 | 39.6 | 0.3 | 18.1 | 14.9 | 0.4 | 14.1 | 17.1 | 0.4 | 5.8 | 9.2 | 7.2 | 9.9 | 5.8 | 6.0 | 4.5 | 4.6 | 3.9 | 0.1 | 0.2 |
| Total Current Liabilities | 226.1 | 163.9 | 166.8 | 139.3 | 80.6 | 48.4 | 36.1 | 32.3 | 30.8 | 34.7 | 37.2 | 28.6 | 23.6 | 20.9 | 20.2 | 19.6 | 14.3 | 11.4 | 9.7 | 11.1 | 8.5 | 6.1 |
| 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 |
| Deferred Tax Liabilities | 0 | 77.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 3,155.9 | 1,427.6 | 2,566.7 | 1,869.0 | 71.0 | 22.9 | 74.1 | 14.6 | 8.1 | 14.8 | 23.6 | 31.3 | 23.7 | 8.2 | 5.0 | 7.1 | 5.9 | 22.2 | 35.9 | 52.6 | 4.8 | 4.7 |
| Total Non-Current Liabilities | 3,212.9 | 1,540.1 | 2,589.8 | 1,892.3 | 87.5 | 36.6 | 88.4 | 29.9 | 23.4 | 29.4 | 31.4 | 38.3 | 30.0 | 14.8 | 9.6 | 11.3 | 10.0 | 26.3 | 41.1 | 57.8 | 8.5 | 8.5 |
| Total Liabilities | 3,439.0 | 1,704.0 | 2,756.7 | 2,031.5 | 168.2 | 85.0 | 124.5 | 62.2 | 54.2 | 64.1 | 68.6 | 66.9 | 53.6 | 35.7 | 29.8 | 31.0 | 24.3 | 37.7 | 50.8 | 68.9 | 17.0 | 14.6 |
| 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 |
| Retained Earnings | (2,256.5) | (388.7) | (1,194.1) | (1,947.8) | (892.8) | (716.0) | (683.7) | (481.7) | (429.2) | (391.7) | (352.1) | (310.2) | (265.4) | (221.6) | (194.3) | (175.7) | (151.7) | (150.0) | (145.8) | (71.7) | (56.9) | (46.9) |
| Accumulated Other Comprehensive Income | (54.3) | (55.1) | (12.7) | (16.8) | 4.1 | (0.0) | 0.2 | 0.3 | (1.3) | (1.7) | (2.0) | (4.8) | (6.1) | (5.4) | (7.4) | (9.1) | (6.9) | (4.7) | (0.1) | 0 | 0 | 0 |
| Total Stockholders' Equity | 3,327.2 | 4,976.0 | 3,799.5 | 2,273.4 | 1,161.6 | 765.0 | 383.9 | 435.7 | 463.3 | 479.8 | 485.0 | 498.5 | 523.2 | 552.2 | 568.2 | 575.6 | 592.7 | 589.8 | 591.2 | 557.7 | 43.4 | 49.9 |
| Total Liabilities & Equity | 6,778.6 | 6,693.7 | 6,570.4 | 4,319.3 | 1,346.6 | 850.1 | 508.4 | 497.9 | 517.4 | 543.9 | 553.6 | 565.4 | 576.9 | 587.9 | 598.0 | 606.6 | 617.0 | 627.5 | 642.0 | 626.6 | 60.4 | 64.4 |
| Debt Metrics | ||||||||||||||||||||||
| Total Debt | 54.5 | 30.4 | 30.0 | 28.5 | 19.3 | 17.4 | 17.7 | 18.3 | 16.6 | 15.6 | 8.1 | 7.2 | 6.2 | 6.2 | 4.0 | 4.1 | 4.1 | 4.2 | 4.2 | 4.2 | 4.3 | 4.3 |
| Net Debt | (1,181.2) | (463.1) | (1,000.8) | (317.5) | (120.8) | (142.3) | (36.7) | (11.9) | (25.1) | (44.4) | (27.6) | (29.9) | (7.7) | (45.7) | (40.3) | (53.1) | (39.8) | (82.6) | (394.8) | (583.0) | (23.4) | (31.2) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | (1,868.6) | 804.6 | (512.1) | (1,031.3) | (177.5) | (32.3) | (202.0) | (52.5) | (37.6) | (39.6) | (41.9) | (44.8) | (43.7) | (27.3) | (18.6) | (24.0) | (1.7) | (4.2) | (74.1) | (14.8) | (10.0) | (7.3) | (4.9) | (3.6) | (3.7) | (3.3) |
| Depreciation & Amortization | 46.1 | 43.1 | 40.6 | 24.2 | 10.6 | 6.6 | 5.5 | 4.9 | 4.3 | 4.0 | 3.5 | 2.7 | 2.3 | 1.8 | 1.4 | 1.5 | 1.5 | 1.3 | 1.0 | 0.6 | 0.5 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 |
| Stock-Based Compensation | 141.8 | 128.5 | 106.7 | 39.7 | 99.2 | 33.3 | 39.3 | 24.6 | 21.0 | 22.1 | 31.2 | 17.0 | 11.3 | 10.3 | 8.9 | 10.0 | 5.9 | 6.7 | 1.8 | 2.1 | 2.4 | 1.4 | 0.5 | 0.2 | 0.3 | 0.2 |
| Change in Working Capital | 5.5 | (71.6) | (11.9) | (43.6) | (7.7) | (1.5) | (10.0) | 0.1 | (6.4) | 3.1 | (10.0) | (2.6) | 0.6 | (0.7) | (3.8) | (3.3) | 2.8 | 1.8 | 2.9 | (4.5) | 0.2 | 1.2 | 0.2 | (0.1) | 1.5 | (1.9) |
| Other Non-Cash Items | 1,577.7 | (1,049.2) | 327.2 | 892.5 | 22.8 | (39.1) | 127.8 | 3.7 | (7.9) | (10.0) | (9.5) | 5.4 | 13.4 | 2.2 | (2.7) | 2.9 | (17.1) | (13.8) | 63.7 | 4.6 | 0.9 | 0.4 | 0.1 | 0.7 | (2.1) | 2.3 |
| Operating Cash Flow | (103.8) | (151.0) | (74.5) | (123.1) | (52.6) | (33.0) | (39.4) | (19.2) | (26.6) | (20.5) | (26.6) | (22.3) | (16.1) | (13.8) | (14.9) | (12.9) | (8.6) | (8.3) | (4.7) | (12.0) | (5.9) | (3.9) | (3.7) | (2.3) | (3.7) | (2.3) |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditure | (10.2) | (8.4) | (8.8) | (4.1) | (2.3) | (3.4) | (4.9) | (5.0) | (8.8) | (4.9) | (8.8) | (5.7) | (2.6) | (2.3) | (2.1) | (2.1) | (5.1) | (3.3) | (1.3) | (2.9) | (1.8) | (2.2) | (2.6) | (1.9) | (2.6) | (3.5) |
| Acquisitions | (31.8) | 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 |
| Purchases of Investments | (28) | (640.8) | (1,416.9) | (496.7) | (114.6) | (320.6) | (55.2) | (95.1) | (79.5) | (66.6) | (68.1) | (45.0) | (120.9) | (64.4) | (116.8) | (85.0) | (92.7) | (311.2) | (203.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 871.8 | 292.1 | 275.1 | 102.7 | 117.4 | 93.8 | 99.9 | 106.6 | 96.5 | 115.0 | 101.1 | 96.2 | 101.4 | 88.1 | 124.9 | 112.1 | 62.7 | 10.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 32.2 | (34.7) | (70.8) | (276.9) | 27.6 | (1.1) | (16.8) | (1.2) | (1.3) | (1.8) | (1.7) | (1.6) | (1.4) | (1.2) | (2.0) | (0.7) | (0.8) | (0.6) | 0 | (0.6) | (0.5) | (0.5) | (0.6) | (0.4) | (0.3) | (0.3) |
| Investing Cash Flow | 834.0 | (391.9) | (1,221.5) | (672.7) | 29.2 | (230.2) | 24.4 | 6.5 | 8.3 | 43.5 | 24.2 | 45.5 | (22.2) | 21.3 | 5.2 | 25.0 | (35.1) | (304.1) | (206.9) | (2.9) | (1.8) | (2.2) | (2.6) | (2.3) | (3.0) | (3.8) |
| Financing Activities | ||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 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 | 0 | 0 | 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 |
| Other Financing Activities | 2.8 | 1.5 | 26.9 | (358.7) | 8.2 | 6.4 | 39.3 | 1.1 | (0.0) | 1.4 | 1.0 | 0.2 | 0.5 | 0.0 | (1.1) | 1.1 | 0.9 | 0.1 | 23.3 | 574.5 | 0.0 | 5.4 | 0.2 | 0.0 | 0.0 | 0.0 |
| Financing Cash Flow | 12.0 | 6.9 | 1,981.2 | 1,004.6 | 4.1 | 368.7 | 39.3 | 1.1 | (0.0) | 1.4 | 1.0 | 0.2 | 0.5 | 0.0 | (1.1) | 1.1 | 0.9 | 0.1 | 23.3 | 574.5 | 0.0 | 5.4 | 0.2 | 0.0 | 0.0 | 0.0 |
| Cash Position | ||||||||||||||||||||||||||
| Net Change in Cash | 741.9 | (536.4) | 685.4 | 206.0 | (18.8) | 105.5 | 24.2 | (11.6) | (18.3) | 24.4 | (1.5) | 23.5 | (37.8) | 7.5 | (10.8) | 13.2 | (42.8) | (312.3) | (188.3) | 559.6 | (7.7) | (0.7) | (6.0) | (4.6) | (6.6) | (6.1) |
| Cash at Beginning | 501.4 | 1,037.7 | 352.3 | 140.1 | 162.4 | 56.8 | 32.6 | 44.2 | 62.5 | 38.1 | 39.6 | 16.1 | 53.9 | 46.4 | 57.2 | 44.0 | 86.8 | 399.0 | 587.3 | 27.7 | 35.4 | 36.1 | 42.1 | 46.8 | 53.4 | 59.5 |
| Cash at End | 1,243.3 | 501.4 | 1,037.7 | 346.0 | 143.5 | 162.4 | 56.8 | 32.6 | 44.2 | 62.5 | 38.1 | 39.6 | 16.1 | 53.9 | 46.4 | 57.2 | 44.0 | 86.8 | 399.0 | 587.3 | 27.7 | 35.4 | 36.1 | 42.1 | 46.8 | 53.4 |
| Free Cash Flow | (114.0) | (159.4) | (83.3) | (127.2) | (54.9) | (36.4) | (44.3) | (24.2) | (35.3) | (25.4) | (35.4) | (28.0) | (18.7) | (16.2) | (17.0) | (15.0) | (13.7) | (11.6) | (6.0) | (14.9) | (7.8) | (6.1) | (6.3) | (4.2) | (6.3) | (5.8) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||
| Revenue | 80.0 | 64.7 | 61.9 | 39.9 | 20.7 | 7.6 | 11.7 | 12.4 | 11.4 | 7.6 | 6.1 | 6.1 | 5.5 | 4.3 | 3.8 | 2.8 | 2.6 | 2.0 | 1.6 | 0.2 | 0.1 | 0.1 | 0 | 0 | 0 | 0 |
| Gross Profit | 19.9 | 15.4 | 35.0 | 19.1 | 1.8 | (3.3) | 6.7 | 5.9 | 1.5 | 4.2 | (0.6) | 4.1 | 1.3 | 1.5 | 1.6 | 0.5 | 0.4 | 0.1 | 0.3 | (0.6) | (0.7) | (0.5) | (0.1) | (0.1) | 0 | 0 |
| Operating Income | (337.2) | (271.5) | (242.7) | (168.8) | (146.5) | (75.7) | (77.5) | (53.1) | (48.9) | (52.9) | (54.4) | (42.2) | (33.1) | (28.0) | (23.6) | (24.9) | (18.9) | (18.3) | (10.8) | (10.5) | (10.0) | (7.3) | (4.9) | (3.6) | (3.7) | (3.5) |
| Net Income | (1,867.7) | 805.4 | 703.5 | (1,055.0) | (176.8) | (32.3) | (202.0) | (52.5) | (37.6) | (39.6) | (41.9) | (44.8) | (43.7) | (27.3) | (18.6) | (24.0) | (1.7) | (4.2) | (74.1) | (14.8) | (10.0) | (7.3) | (4.9) | (3.6) | (3.7) | (3.3) |
| EPS (Diluted) | -5.08 | 2.07 | 1.93 | -3.58 | -0.70 | -0.14 | -0.93 | -0.24 | -0.18 | -0.19 | -0.20 | -0.22 | -0.22 | -0.14 | -0.09 | -0.12 | -0.01 | -0.02 | -0.38 | -0.08 | -0.05 | -0.04 | -0.03 | -0.02 | -0.68 | -0.63 |
| Balance Sheet | ||||||||||||||||||||||||||
| Cash & Equivalents | 1,235.7 | 493.5 | 1,030.9 | 346.0 | 140.1 | 159.7 | 54.4 | 30.2 | 41.8 | 60.1 | 35.7 | 37.1 | 14.0 | 51.9 | 44.4 | 57.2 | 44.0 | 86.8 | 399.0 | 587.3 | 27.7 | 35.4 | ||||
| Total Assets | 6,778.6 | 6,693.7 | 6,570.4 | 4,319.3 | 1,346.6 | 850.1 | 508.4 | 497.9 | 517.4 | 543.9 | 553.6 | 565.4 | 576.9 | 587.9 | 598.0 | 606.6 | 617.0 | 627.5 | 642.0 | 626.6 | 60.4 | 64.4 | ||||
| Total Debt | 54.5 | 30.4 | 30.0 | 28.5 | 19.3 | 17.4 | 17.7 | 18.3 | 16.6 | 15.6 | 8.1 | 7.2 | 6.2 | 6.2 | 4.0 | 4.1 | 4.1 | 4.2 | 4.2 | 4.2 | 4.3 | 4.3 | ||||
| Stockholders' Equity | 3,327.2 | 4,976.0 | 3,799.5 | 2,273.4 | 1,161.6 | 765.0 | 383.9 | 435.7 | 463.3 | 479.8 | 485.0 | 498.5 | 523.2 | 552.2 | 568.2 | 575.6 | 592.7 | 589.8 | 591.2 | 557.7 | 43.4 | 49.9 | ||||
| Cash Flow | ||||||||||||||||||||||||||
| Operating Cash Flow | (103.8) | (151.0) | (74.5) | (123.1) | (52.6) | (33.0) | (39.4) | (19.2) | (26.6) | (20.5) | (26.6) | (22.3) | (16.1) | (13.8) | (14.9) | (12.9) | (8.6) | (8.3) | (4.7) | (12.0) | (5.9) | (3.9) | (3.7) | (2.3) | (3.7) | (2.3) |
| Capital Expenditure | (10.2) | (8.4) | (8.8) | (4.1) | (2.3) | (3.4) | (4.9) | (5.0) | (8.8) | (4.9) | (8.8) | (5.7) | (2.6) | (2.3) | (2.1) | (2.1) | (5.1) | (3.3) | (1.3) | (2.9) | (1.8) | (2.2) | (2.6) | (1.9) | (2.6) | (3.5) |
| Free Cash Flow | (114.0) | (159.4) | (83.3) | (127.2) | (54.9) | (36.4) | (44.3) | (24.2) | (35.3) | (25.4) | (35.4) | (28.0) | (18.7) | (16.2) | (17.0) | (15.0) | (13.7) | (11.6) | (6.0) | (14.9) | (7.8) | (6.1) | (6.3) | (4.2) | (6.3) | (5.8) |