IREN - IREN Limited
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$84.00
DETAILS
HIGH:
$100.00
LOW:
$50.00
MEDIAN:
$87.50
CONSENSUS:
$84.00
UPSIDE:
88.00%
| Metric | 2026 Q4 | 2026 Q3 | 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 | 137.2 | 144.8 | 184.7 | 240.3 | 187.3 | 144.8 | 116.1 | 52.8 | 56.8 | 54.0 | 42.0 | 34.4 | 34.2 | 11.3 | 13.8 | 15.0 | 12.4 | 11.4 | 14.6 | 7.5 | 2.2 | 2.1 | 0.9 | 0.6 | 0.9 | 0.9 | 0.2 | 0.2 |
| Cost of Revenue | 33.3 | 39.9 | 65.8 | 80.7 | 136.8 | 46.9 | 37.2 | 36.9 | 9.4 | 4.3 | 4.3 | 4.2 | 6.8 | 2.5 | 4.1 | 4.3 | 3.4 | 1.1 | 0.9 | 0.8 | 1.0 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.1 | 0.1 |
| Gross Profit | 103.9 | 104.9 | 118.9 | 159.6 | 50.5 | 97.9 | 78.9 | 15.8 | 47.4 | 49.6 | 37.7 | 30.2 | 27.5 | 8.9 | 9.7 | 10.7 | 9.0 | 10.3 | 13.7 | 6.6 | 1.2 | 1.9 | 0.7 | 0.4 | 0.5 | 0.6 | 0.1 | 0.1 |
| Operating Expenses | ||||||||||||||||||||||||||||
| R&D 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 |
| SG&A Expenses | 128.3 | 71.8 | 90.1 | 102.5 | 93.3 | 21.8 | 22.4 | 18.8 | 19.0 | 7.8 | 11.9 | 9.4 | 13.4 | 4.6 | 6.5 | 1.6 | 7.8 | 4.8 | 6.2 | 2.2 | 0.6 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Other Expenses | 596.0 | 266.5 | 145.3 | 133.6 | (59.6) | 48.4 | 38.5 | 44.1 | 51.1 | 35.8 | 28.0 | 28.3 | 23.7 | 9.5 | 131.2 | 78.6 | 10.6 | 4.6 | 3.4 | 1.9 | 1.4 | 0.7 | 0.7 | 0.3 | 1.2 | 1.2 | 0 | 0 |
| Operating Expenses | 724.3 | 338.4 | 235.3 | 236.0 | 33.7 | 70.2 | 61.0 | 62.9 | 70.2 | 43.6 | 39.9 | 37.6 | 37.1 | 14.1 | 137.7 | 80.1 | 18.4 | 9.4 | 9.6 | 4.2 | 2.0 | 1.1 | 0.9 | 0.5 | 1.4 | 1.4 | 0.2 | 0.2 |
| Operating Income | ||||||||||||||||||||||||||||
| Operating Income | (620.4) | (233.5) | (116.4) | (76.4) | 16.8 | 27.7 | 18.0 | (47.1) | (22.7) | 6.0 | (2.2) | (7.4) | (9.6) | (5.2) | (128.0) | (69.5) | (9.4) | 0.9 | 4.0 | 2.4 | (0.8) | 0.9 | (0.1) | (0.2) | (0.8) | (0.8) | (0.2) | (0.1) |
| Interest Expense | 24.5 | 14.8 | 10.7 | 9.3 | 0 | 4.1 | 1.7 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 2.3 | 10.3 | 3.6 | 1.6 | 0.9 | 10.2 | 10.2 | 9.3 | 1.4 | 0.1 | 0.0 | 0 | 0 | 0 | 0 |
| Interest Income | 35.9 | 21.8 | 15.8 | 7.1 | 1.7 | 1.9 | 1.6 | 2.3 | 3.0 | 1.5 | 0.7 | 0.7 | 0.5 | 0.2 | 0.3 | (0.0) | 0.1 | 0.0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 |
| Profitability | ||||||||||||||||||||||||||||
| EBITDA | (32.8) | 27.9 | 14.5 | 25.1 | 153.1 | 40.3 | 18.9 | (16.5) | 0.0 | 20.9 | 1.3 | 3.2 | (1.1) | 4.7 | (122.5) | (4.8) | 22.3 | (1.8) | 64.3 | (339.5) | (34.0) | 2.1 | (0.7) | (0.0) | (0.3) | (0.3) | (0.2) | (0.2) |
| EBIT | (144.9) | (93.3) | (84.7) | (60.1) | 89.6 | (7.0) | (17.2) | (50.4) | (26.8) | 12.2 | (6.3) | (4.4) | (7.8) | (0.4) | (134.0) | (14.3) | 18.9 | (3.5) | 63.4 | (340.1) | (34.3) | 1.8 | (0.9) | (0.2) | (0.6) | (0.6) | (0.3) | (0.3) |
| Income Before Tax | (692) | (254.1) | (337.9) | 575.3 | 92.8 | (11.1) | (18.9) | (50.4) | (26.8) | 12.1 | (6.3) | (4.5) | (6.9) | (2.7) | (144.4) | (79.9) | 17.3 | (4.4) | 53.3 | (350.2) | (43.6) | 0.4 | (1.0) | (0.3) | (0.8) | (0.8) | (0.3) | (0.3) |
| Income Tax Expense | (8) | (6.3) | (182.5) | 190.7 | (2.8) | 5.0 | 3.0 | 1.3 | 0.2 | 3.5 | (1.1) | 0.8 | 0.0 | 0.3 | (0.4) | 1.0 | (0.5) | (2.4) | 2.3 | 2.2 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (684) | (247.8) | (155.4) | 384.6 | 95.5 | (16.1) | (21.9) | (51.7) | (27.1) | 8.6 | (5.2) | (5.3) | (6.9) | (3.1) | (144.0) | (80.9) | 17.8 | (2.0) | 51.0 | (352.5) | (44.5) | 0.4 | (1.0) | (0.3) | (0.8) | (0.8) | (0.3) | (0.3) |
| Per Share Data | ||||||||||||||||||||||||||||
| EPS (Basic) | -1.98 | -0.74 | -0.52 | 1.42 | 0.44 | -0.07 | -0.10 | -0.27 | -0.15 | 0.08 | -0.05 | -0.08 | -0.11 | -0.06 | -2.71 | -1.53 | 0.34 | -0.05 | 1.33 | -9.24 | -1.12 | 0.01 | -0.02 | -0.01 | -0.05 | -0.05 | -0.02 | -0.02 |
| EPS (Diluted) | -1.98 | -0.74 | -0.52 | 1.08 | 0.42 | -0.07 | -0.10 | -0.27 | -0.15 | 0.08 | -0.05 | -0.08 | -0.11 | -0.06 | -2.71 | -1.53 | 0.34 | -0.05 | 1.41 | -8.62 | -1.05 | 0.01 | -0.02 | -0.01 | -0.05 | -0.05 | -0.02 | -0.02 |
| Shares Outstanding | 362.0 | 333.7 | 298.0 | 270.7 | 216.6 | 218.7 | 210.5 | 189.3 | 186.4 | 104.5 | 72.7 | 65.3 | 64.7 | 53.6 | 53.0 | 53.0 | 53.0 | 53.0 | 53.0 | 52.9 | 52.9 | 52.9 | 52.9 | 55.0 | 15.9 | 15.9 | 16.3 | 16.3 |
| Metric | 2026 Q4 | 2026 Q3 | 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 Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||
| Cash & Cash Equivalents | 5,895.6 | 2,213.3 | 3,260.6 | 1,032.3 | 564.5 | 184.3 | 427.3 | 98.6 | 404.6 | 259.7 | 90.3 | (68.9) | 68.9 | 68.9 | 40.7 | (110.0) | 110.0 | 158.0 | 254.9 | 85.1 | 39.0 | 15.1 |
| Short-Term Investments | 189.1 | 0 | 0 | 0 | 0 | 11.7 | 28.3 | 0 | 6.5 | 3.4 | 1.3 | 137.8 | 0 | 0 | 0 | 219.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 21.1 | 114.8 | 47.4 | 35.5 | 25.0 | 21.0 | 26.5 | 23.9 | 29.4 | 35.9 | 5.7 | 0 | 6.5 | 0.6 | 2.6 | 0 | 23.7 | 18.8 | 4.1 | 2.2 | 0.8 | 0 |
| Inventory | 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 | 1,780.3 | 6.5 | 20.1 | 2.9 | 5.8 | 1.3 | 3.0 | 10.7 | 2.1 | 1.9 | 9.0 | (68.9) | 2.4 | 20.3 | 31.4 | (110.0) | 42.6 | 0 | 0 | 0 | 0.9 | 0.6 |
| Total Current Assets | 7,886.1 | 2,424.5 | 3,383.4 | 1,123.9 | 641.2 | 255.9 | 525.2 | 158.8 | 452.4 | 310.2 | 109.2 | 68.9 | 89.2 | 89.2 | 74.6 | 110.0 | 160.3 | 201.9 | 266.7 | 88.2 | 40.4 | 15.7 |
| Non-Current Assets | ||||||||||||||||||||||
| Property, Plant & Equipment | 6,755.9 | 4,372.8 | 3,171.8 | 2,116.9 | 1,935.1 | 1,674.3 | 1,211.1 | 968.4 | 442.9 | 400.1 | 296.0 | 0 | 242.5 | 242.5 | 274.6 | 0 | 248.8 | 347.5 | 219.2 | 159.7 | 17.0 | 9.7 |
| Goodwill | 36.6 | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.6 | 0.7 | 0.6 | 0.6 | 0.7 | 0.6 |
| Intangible Assets | 317.4 | 107.6 | 107.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 995.8 | 333.7 | 34.7 | 56.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 794 | 358.8 | 364.8 | 30.8 | 30.3 | 24.8 | 59.8 | 154.0 | 257.7 | 10.7 | 10.7 | (68.9) | 0.4 | 0.4 | 60.6 | (110.0) | 160.8 | 0 | 0 | 0 | 76.4 | 7.4 |
| Total Non-Current Assets | 7,903.9 | 4,840.4 | 3,644.2 | 3,143.4 | 2,299.2 | 1,733.8 | 1,326.9 | 1,122.4 | 700.6 | 413.4 | 308.0 | (68.9) | 242.8 | 242.8 | 337.3 | (110.0) | 410.2 | 355.4 | 227.7 | 162.2 | 94.0 | 17.7 |
| Total Assets | 15,790 | 7,264.9 | 7,027.6 | 4,267.4 | 2,940.3 | 1,989.8 | 1,852.1 | 1,281.2 | 1,153.0 | 723.6 | 417.2 | 0 | 332.1 | 332.1 | 412.0 | 0 | 570.5 | 557.3 | 494.4 | 250.3 | 134.5 | 33.4 |
| Current Liabilities | ||||||||||||||||||||||
| Account Payables | 1,825.4 | 97.0 | 232.6 | 70.9 | 81.7 | 172.3 | 144.6 | 120.8 | 27.3 | 24.3 | 17.5 | 0 | 11.5 | 24.3 | 17.6 | 0 | 13.2 | 4.6 | 4.3 | 1.9 | 0.4 | 1.6 |
| Short-Term Debt | 169.4 | 0 | 0 | 0 | 0 | 322.5 | 318.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 110.6 | 0 | 60.4 | 33.2 | 11.7 | 139.4 | 54.0 | 22.8 |
| Deferred Revenue | 0 | 21.8 | 6.8 | 1.1 | 0.9 | 1.7 | 2.3 | 2.3 | 2.6 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 46.5 | 20.1 | 11.1 | 9.5 | 3.9 | 30.5 | 72.8 | 3.7 | 1.3 | 4.6 | 3.6 | 0 | 1.0 | 12.5 | 9.0 | 0 | 2.1 | 0.3 | 0.2 | 410.6 | 72.7 | 0 |
| Total Current Liabilities | 2,221.1 | 651.4 | 682.1 | 203.7 | 149.3 | 553.1 | 559.0 | 146.0 | 51.1 | 41.5 | 32.3 | 0 | 24.0 | 24.0 | 140.2 | 0 | 85.1 | 40.5 | 21.2 | 553.9 | 128.0 | 24.5 |
| Non-Current Liabilities | ||||||||||||||||||||||
| Long-Term Debt | 7,423.6 | 3,687.8 | 3,685.3 | 964.2 | 962.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3 | 0 | 0 | 46.6 | 29.8 | 10.7 | 9.2 | 8.1 | 1.2 |
| Deferred Tax Liabilities | 0 | 0.6 | 8.1 | 195.4 | 8.0 | 9.6 | 5.3 | 3.2 | 3.1 | 3.2 | 1.7 | 0 | 1.4 | 0 | 0.3 | 0 | 0.2 | 2.5 | 2.6 | 2.3 | 1.2 | 0 |
| Other Non-Current Liabilities | 1,839 | 7.6 | 6.1 | 4.6 | 1.7 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | 0.1 | 1.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 9,383.3 | 3,949.0 | 3,834.3 | 1,187.5 | 973.5 | 11.1 | 6.8 | 5.6 | 4.3 | 4.9 | 3.0 | (305.4) | 2.7 | 2.7 | 1.6 | (437.4) | 48.0 | 33.1 | 14.0 | 12.2 | 10.1 | 1.2 |
| Total Liabilities | 11,604.4 | 4,600.4 | 4,516.4 | 1,391.2 | 1,122.8 | 564.2 | 565.8 | 151.7 | 55.3 | 46.4 | 35.3 | (305.4) | 26.7 | 26.7 | 141.8 | (437.4) | 133.1 | 73.6 | 35.1 | 566.1 | 138.1 | 25.7 |
| Stockholders' Equity | ||||||||||||||||||||||
| Common Stock | 4,185.6 | 5,047.1 | 4,668.4 | 2,965.6 | 2,355.1 | 2,092.5 | 1,985.1 | 1,843.2 | 1,764.3 | 1,327.7 | 1,038.8 | 0 | 965.9 | 965.9 | 926.6 | 0 | 926.6 | 712.8 | 665.7 | 8.3 | 7.8 | 12.4 |
| Retained Earnings | 0 | (614.8) | (367.0) | (211.6) | (596.2) | (691.8) | (716.1) | (734.9) | (683.1) | (656.2) | (664.8) | 0 | (654.3) | (654.3) | (644.3) | 0 | (482.4) | (375.5) | (348.8) | (396.0) | (47.0) | (4.3) |
| Accumulated Other Comprehensive Income | 0 | (39.4) | (32.3) | (35.5) | (30.1) | (45.1) | (45.1) | (33.1) | (35.0) | 5.7 | 7.8 | 305.4 | (34.7) | (6.2) | (12.2) | 437.4 | (6.8) | 7.2 | 6.3 | 2.7 | 2.1 | (0.4) |
| Total Stockholders' Equity | 4,185.6 | 2,664.5 | 2,511.2 | 2,876.2 | 1,817.5 | 1,425.6 | 1,286.3 | 1,129.5 | 1,097.5 | 677.2 | 381.8 | 305.4 | 305.4 | 305.4 | 270.1 | 437.4 | 437.4 | 344.5 | 323.2 | (385.0) | (37.1) | 7.7 |
| Total Liabilities & Equity | 15,790 | 7,264.9 | 7,027.6 | 4,267.4 | 2,940.3 | 1,989.8 | 1,852.1 | 1,281.2 | 1,152.8 | 723.6 | 417.2 | 305.4 | 332.1 | 332.1 | 412.0 | 437.4 | 570.5 | 418.1 | 358.4 | 181.1 | 101.0 | 33.4 |
| Debt Metrics | ||||||||||||||||||||||
| Total Debt | 7,839.6 | 3,964.9 | 3,842.5 | 965.6 | 964.2 | 324.1 | 319.9 | 2.6 | 1.3 | 1.7 | 1.4 | 0 | 1.4 | 1.3 | 112.0 | 0 | 108.3 | 63.8 | 23.2 | 149.3 | 62.9 | 24.1 |
| Net Debt | 1,944 | 1,751.6 | 582.0 | (66.6) | 399.7 | 139.7 | (107.4) | (96.0) | (403.3) | (258.0) | (88.9) | 68.9 | (67.4) | (67.6) | 71.3 | 110.0 | (1.7) | (54.7) | (161.6) | 87.7 | 33.7 | 9.0 |
| Metric | 2026 Q4 | 2026 Q3 | 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 | (684) | (172.2) | (155.4) | 384.6 | 113.4 | (16.1) | (21.9) | (51.7) | (27.0) | 8.6 | (5.2) | (5.3) | (6.9) | (3.1) | (144.0) | (80.9) | (17.7) | (2.6) | 72.0 | (498.6) | (59.2) | 0.5 | (1.3) | (0.4) | (0.8) | (0.8) | (0.3) | (0.3) |
| Depreciation & Amortization | 115.4 | 84.2 | 99.2 | 85.2 | 40.9 | 47.3 | 36.1 | 33.9 | 26.6 | 8.7 | 7.6 | 7.6 | 7.8 | 5.1 | 9.5 | 9.5 | 3.8 | 2.2 | 1.3 | 0.7 | 2.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.1 | 0.1 |
| Stock-Based Compensation | 42.9 | 0 | 58.2 | 72.4 | 0 | 7.8 | 8.0 | 0 | (17.6) | 5.8 | 6.0 | 5.9 | 4.1 | 3.5 | 3.2 | 3.4 | 4.1 | 0 | 0 | 0 | 0 | 0.2 | 0.1 | 0 | 0.1 | 0.1 | 0 | 0 |
| Change in Working Capital | 36.8 | 3.4 | (198.2) | 239.5 | 0 | 12.6 | (6.5) | (7.8) | (2.6) | 0 | 0 | 0 | 13.6 | 0 | 0 | 0 | (0.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.1) | (0.1) | (0.1) |
| Other Non-Cash Items | 2,300 | 145.1 | 267.8 | (639.4) | 104.5 | 41.6 | 37.9 | 21.6 | 154.4 | (125.9) | 9.1 | 2.4 | (89.9) | (0.3) | 128.2 | 64.9 | 18.5 | 4.7 | (68.7) | 502.7 | (0.4) | 0.9 | 0.8 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 |
| Operating Cash Flow | 1,811.1 | 60.5 | 71.7 | 142.4 | 258.8 | 93.1 | 53.6 | (3.9) | 133.7 | (102.8) | 17.4 | 10.6 | (71.4) | 5.3 | (3.1) | (3.1) | 8.4 | 4.3 | 4.6 | 4.9 | (0.4) | 2.0 | (0.0) | 0.1 | (0.3) | (0.3) | (0.2) | (0.2) |
| Investing Activities | ||||||||||||||||||||||||||||
| Capital Expenditure | (1,978.2) | (980.2) | (836.9) | (280.6) | (242.7) | (443.8) | (187.6) | (383.4) | (296.6) | (119.3) | (46.2) | (32.0) | (22.4) | (29.0) | (32.3) | (32.3) | (72.4) | (214.6) | (10.7) | (7.9) | (20.2) | (51.6) | (8.7) | (0.7) | (0.5) | (0.6) | (1.5) | (1.5) |
| Acquisitions | (92.5) | 15.8 | 0 | 0 | 0.9 | 0 | 0 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | (0.3) | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of 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 |
| Sales/Maturities of 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 |
| Other Investing Activities | (43.4) | (101.4) | (121.7) | (0.3) | (199.7) | 0.9 | 7.3 | (4.3) | (143.3) | 135.0 | (10.2) | (5.1) | 98.7 | 10.4 | 7.0 | 7.0 | (4.1) | 74.8 | (37.4) | (58.3) | 2.3 | (0.5) | (1.7) | 0 | (0.1) | (0.1) | (0.1) | (0.1) |
| Investing Cash Flow | (2,114.1) | (1,069.9) | (851.0) | (280.9) | (441.5) | (442.9) | (180.3) | (387.1) | (439.9) | 15.7 | (56.4) | (37.1) | 76.3 | (18.6) | (25.4) | (25.4) | (76.5) | (139.7) | (48.1) | (66.2) | (17.9) | (52.4) | (10.4) | (0.7) | (0.5) | (0.7) | (1.6) | (1.6) |
| Financing Activities | ||||||||||||||||||||||||||||
| Net Debt Issuance | 3,897.6 | 39.3 | 0 | (0.3) | 248.5 | 0 | 311.5 | (0.1) | (0.1) | (0.3) | (0.1) | (0.1) | 0.2 | (0.1) | 0 | 0 | 11.5 | (7.3) | (0.8) | (0.4) | 12.1 | 0.6 | 2.6 | (0.9) | 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 | (0.8) | (0.6) | 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 |
| Other Financing Activities | 1,813.7 | 0 | 1,375.1 | 0 | 385.2 | (0.5) | (2.4) | (0.0) | (3.0) | (0.2) | 65.2 | 37.1 | 31.2 | 6.9 | (5.0) | (5.0) | 21.3 | 43.8 | (2.1) | 107.9 | (2.1) | 82.2 | 19.7 | 2.5 | 1.9 | 1.9 | 2.3 | 2.2 |
| Financing Cash Flow | 5,711.3 | 385.6 | 3,007.6 | 606.1 | 422.7 | 107.1 | 456.9 | 84.7 | 451.9 | 256.7 | 65.1 | 37.1 | 31.5 | 6.7 | (5.0) | (5.0) | 32.8 | 35.3 | 213.8 | 107.5 | 10.0 | 82.7 | 22.3 | 1.6 | 1.1 | 1.4 | 2.3 | 2.2 |
| Cash Position | ||||||||||||||||||||||||||||
| Net Change in Cash | 5,406.3 | (658.4) | 2,228.3 | 467.7 | 255.1 | (242.9) | 328.7 | (306.0) | 144.9 | 169.4 | 26.1 | 10.7 | 35.7 | (7.5) | (117.6) | (4.9) | (47.7) | (97.5) | 170.0 | 85.6 | (9.0) | 33.0 | 12.0 | 1.0 | 0.5 | 0.5 | 0.4 | 0.4 |
| Cash at Beginning | 2,213.3 | 2,174.3 | 1,032.3 | 564.5 | 114.9 | 427.3 | 98.6 | 404.6 | 259.7 | 90.3 | 64.2 | 68.9 | 33.2 | 40.7 | 158.2 | 110.0 | 157.7 | 255.7 | 85.6 | 37.3 | 48.1 | 15.0 | 3.0 | 2.0 | 0 | 1.0 | 0.5 | 0 |
| Cash at End | 7,619.5 | 1,515.9 | 3,260.6 | 1,032.3 | 370.0 | 184.3 | 427.3 | 98.6 | 404.6 | 259.7 | 90.3 | 10.7 | 68.9 | 33.2 | 40.7 | 105.1 | 110.0 | 158.2 | 255.7 | 85.6 | 39.1 | 48.1 | 15.0 | 3.0 | 0.5 | 1.5 | 1.0 | 0.4 |
| Free Cash Flow | (167.1) | (919.7) | (765.2) | (138.3) | 16.1 | (350.7) | (134.0) | (387.3) | (162.9) | (222.0) | (28.8) | (21.4) | (93.8) | (23.7) | (35.5) | (35.5) | (64.0) | (210.2) | (6.2) | (3.0) | (20.6) | (49.7) | (8.8) | (0.6) | (0.8) | (1.0) | (1.7) | (1.6) |
| Key Metrics | 2026 Q4 | 2026 Q3 | 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 | 137.2 | 144.8 | 184.7 | 240.3 | 187.3 | 144.8 | 116.1 | 52.8 | 56.8 | 54.0 | 42.0 | 34.4 | 34.2 | 11.3 | 13.8 | 15.0 | 12.4 | 11.4 | 14.6 | 7.5 | 2.2 | 2.1 | 0.9 | 0.6 | 0.9 | 0.9 | 0.2 | 0.2 |
| Gross Profit | 103.9 | 104.9 | 118.9 | 159.6 | 50.5 | 97.9 | 78.9 | 15.8 | 47.4 | 49.6 | 37.7 | 30.2 | 27.5 | 8.9 | 9.7 | 10.7 | 9.0 | 10.3 | 13.7 | 6.6 | 1.2 | 1.9 | 0.7 | 0.4 | 0.5 | 0.6 | 0.1 | 0.1 |
| Operating Income | (620.4) | (233.5) | (116.4) | (76.4) | 16.8 | 27.7 | 18.0 | (47.1) | (22.7) | 6.0 | (2.2) | (7.4) | (9.6) | (5.2) | (128.0) | (69.5) | (9.4) | 0.9 | 4.0 | 2.4 | (0.8) | 0.9 | (0.1) | (0.2) | (0.8) | (0.8) | (0.2) | (0.1) |
| Net Income | (684) | (247.8) | (155.4) | 384.6 | 95.5 | (16.1) | (21.9) | (51.7) | (27.1) | 8.6 | (5.2) | (5.3) | (6.9) | (3.1) | (144.0) | (80.9) | 17.8 | (2.0) | 51.0 | (352.5) | (44.5) | 0.4 | (1.0) | (0.3) | (0.8) | (0.8) | (0.3) | (0.3) |
| EPS (Diluted) | -1.98 | -0.74 | -0.52 | 1.08 | 0.42 | -0.07 | -0.10 | -0.27 | -0.15 | 0.08 | -0.05 | -0.08 | -0.11 | -0.06 | -2.71 | -1.53 | 0.34 | -0.05 | 1.41 | -8.62 | -1.05 | 0.01 | -0.02 | -0.01 | -0.05 | -0.05 | -0.02 | -0.02 |
| Balance Sheet | ||||||||||||||||||||||||||||
| Cash & Equivalents | 5,895.6 | 2,213.3 | 3,260.6 | 1,032.3 | 564.5 | 184.3 | 427.3 | 98.6 | 404.6 | 259.7 | 90.3 | (68.9) | 68.9 | 68.9 | 40.7 | (110.0) | 110.0 | 158.0 | 254.9 | 85.1 | 39.0 | 15.1 | ||||||
| Total Assets | 15,790 | 7,264.9 | 7,027.6 | 4,267.4 | 2,940.3 | 1,989.8 | 1,852.1 | 1,281.2 | 1,153.0 | 723.6 | 417.2 | 0 | 332.1 | 332.1 | 412.0 | 0 | 570.5 | 557.3 | 494.4 | 250.3 | 134.5 | 33.4 | ||||||
| Total Debt | 7,839.6 | 3,964.9 | 3,842.5 | 965.6 | 964.2 | 324.1 | 319.9 | 2.6 | 1.3 | 1.7 | 1.4 | 0 | 1.4 | 1.3 | 112.0 | 0 | 108.3 | 63.8 | 23.2 | 149.3 | 62.9 | 24.1 | ||||||
| Stockholders' Equity | 4,185.6 | 2,664.5 | 2,511.2 | 2,876.2 | 1,817.5 | 1,425.6 | 1,286.3 | 1,129.5 | 1,097.5 | 677.2 | 381.8 | 305.4 | 305.4 | 305.4 | 270.1 | 437.4 | 437.4 | 344.5 | 323.2 | (385.0) | (37.1) | 7.7 | ||||||
| Cash Flow | ||||||||||||||||||||||||||||
| Operating Cash Flow | 1,811.1 | 60.5 | 71.7 | 142.4 | 258.8 | 93.1 | 53.6 | (3.9) | 133.7 | (102.8) | 17.4 | 10.6 | (71.4) | 5.3 | (3.1) | (3.1) | 8.4 | 4.3 | 4.6 | 4.9 | (0.4) | 2.0 | (0.0) | 0.1 | (0.3) | (0.3) | (0.2) | (0.2) |
| Capital Expenditure | (1,978.2) | (980.2) | (836.9) | (280.6) | (242.7) | (443.8) | (187.6) | (383.4) | (296.6) | (119.3) | (46.2) | (32.0) | (22.4) | (29.0) | (32.3) | (32.3) | (72.4) | (214.6) | (10.7) | (7.9) | (20.2) | (51.6) | (8.7) | (0.7) | (0.5) | (0.6) | (1.5) | (1.5) |
| Free Cash Flow | (167.1) | (919.7) | (765.2) | (138.3) | 16.1 | (350.7) | (134.0) | (387.3) | (162.9) | (222.0) | (28.8) | (21.4) | (93.8) | (23.7) | (35.5) | (35.5) | (64.0) | (210.2) | (6.2) | (3.0) | (20.6) | (49.7) | (8.8) | (0.6) | (0.8) | (1.0) | (1.7) | (1.6) |