Live Oak Bancshares, Inc. logo LOB - Live Oak Bancshares, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 6
HOLD 3
SELL 0
STRONG
SELL
0
| PRICE TARGET: $41.00 DETAILS
HIGH: $41.00
LOW: $41.00
MEDIAN: $41.00
CONSENSUS: $41.00
UPSIDE: 9.98%
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 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Revenue
Revenue 259.9 289.4 258.4 257.1 236.3 239.9 238.3 230.5 220.6 198.1 216.0 192.5 170.0 145.4 133.3 105.6 124.5 119.6 115.8 157.1 114.0 99.4 120.7 89.0 69.2 82.7 75.4 69.2 63.6 61.3 64.8 70.8 64.5 55.9 51.6 50.0 45.2 39.2 40.2 32.1 33.3 33.1 26.1 25.6 26.8 22.1 22 21.2 17.4
Cost of Revenue 134.6 120.2 138.2 138.3 141.5 148.7 146.4 118.9 118.7 106.0 101.5 98.4 88.4 70.4 46.1 24.6 16.8 18.5 19.4 24.4 17.4 29.4 34.0 35.9 35.1 30.0 27.5 24.6 22.3 22.8 13.9 16.0 14.9 11.6 9.6 7.5 6.3 8.4 7.7 6.9 4.1 3.8 3.6 2.3 3.0 3.2 1.9 1.8 1.7
Gross Profit 125.4 169.2 120.2 118.8 94.8 91.2 91.8 111.7 101.9 92.1 114.6 94.0 81.5 75.0 87.2 81.1 107.6 101.1 96.4 132.7 96.6 70.0 86.7 53.1 34.1 52.7 47.8 44.6 41.3 38.6 50.9 54.8 49.5 44.3 42.1 42.5 38.9 30.9 32.5 25.2 29.1 29.4 22.5 23.3 23.8 18.9 20.1 19.4 15.7
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 55.5 83.2 58.3 57.1 55.2 50.2 48.9 51.9 54.2 50.9 50.5 51.1 51.8 29.8 48.8 50.7 48.3 41.4 37.7 40.6 33.8 36.0 29.9 35.9 34.1 29.6 27.2 26.3 26.3 18.7 26.9 28.3 25.7 24.7 24.1 23.3 23.0 19.7 20.0 18.3 15.3 15.1 11.8 11.2 10.3 9.2 7.6 7.4 10.9
Other Expenses 29.8 5.9 25.3 30.4 26.4 27.8 25.1 23.7 25.6 23.8 21.3 23.9 26.1 44.5 (6.0) (92.0) 16.5 11.9 15.5 15.9 19.2 22.0 11.4 12.0 15.4 14.2 14.4 12.7 12.3 12.4 13.0 11.8 11.0 (53.8) 10.2 9.0 9.0 8.7 6.4 6.2 5.8 5.1 5.6 5.4 0.2 5.8 5.8 5.4 4.5
Operating Expenses 85.3 89.2 83.6 87.5 81.7 78.0 74.0 75.6 79.8 74.6 71.8 75.1 77.9 74.3 42.8 (41.2) 64.7 53.3 53.2 56.5 53.0 58.0 41.2 47.9 49.5 43.8 41.6 39.0 38.6 31.1 39.9 40.1 36.7 (29.0) 34.3 32.3 32.0 28.4 26.4 24.5 21.1 20.1 17.4 16.6 10.5 15.1 13.4 12.7 15.4
Operating Income
Operating Income 40.1 80.1 36.6 31.2 13.1 13.2 17.8 36.1 22.1 17.5 42.8 19.0 3.6 0.7 44.4 122.3 42.9 47.8 43.2 76.2 43.6 12.0 45.5 5.3 (15.4) 8.9 6.3 5.6 2.7 7.5 11.1 14.7 12.8 73.3 7.8 10.2 6.9 2.5 6.0 0.7 8.0 9.2 5.1 6.7 13.3 3.9 6.6 6.7 0.3
Interest Expense 114.5 116.5 115.9 115.1 112.6 115.1 111.9 107.1 102.3 97.0 91.2 85.4 69.4 50.7 31.9 19.3 15.0 14.6 15.1 16.5 18.3 20.7 23.7 25.9 23.3 23.8 23.6 21.2 19.3 16.0 14.2 13.9 10.5 7.6 7.1 6.0 4.8 4.5 3.9 3.5 2.7 2.3 2.4 2.2 1.9 1.8 1.4 1.3 1.3
Interest Income 233.9 239.7 231.4 224.3 213.1 212.6 208.9 198.4 192.4 186.5 180.6 169.7 151.4 136.6 115.8 99.2 92.8 92.2 92.8 88.0 88.2 83.0 75.1 66.8 63.5 61.8 61.1 55.1 49.9 44.8 41.9 41.0 35.0 30.5 28.2 24.3 20.4 16.9 15.6 13.4 11.4 10.8 9.0 7.7 7.0 6.1 5.3 4.9 4.2
Profitability
EBITDA 40.1 83.8 43.2 38.0 20.1 19.9 24.1 41.4 27.1 22.8 48.3 24.2 8.8 5.9 49.5 127.5 48.3 53.2 48.6 81.5 48.9 17.2 50.8 10.8 (9.8) 14.6 11.5 10.7 6.7 11.9 15.2 18.8 16.6 76.6 10.8 12.6 8.6 3.5 7.1 1.7 9.1 10.8 6.0 7.3 13.8 4.4 7.2 7.2 0.8
EBIT 40.1 80.1 36.6 31.2 13.1 13.2 17.8 36.1 22.1 17.5 42.8 19.0 3.6 0.7 44.4 122.3 42.9 47.8 43.2 76.2 43.6 12.0 45.5 5.3 (15.4) 8.9 6.3 5.6 2.7 7.5 11.1 14.7 12.8 73.3 7.8 10.2 6.9 2.5 6.0 0.7 8.0 9.2 5.1 6.7 13.3 3.9 6.6 6.7 0.3
Income Before Tax 40.1 80.1 36.6 31.2 13.1 13.2 17.8 36.1 22.1 17.5 42.8 19.0 3.6 0.7 44.4 122.3 42.9 47.8 43.2 76.2 43.6 12.0 45.5 5.3 (15.4) 8.9 6.3 5.6 2.7 7.5 11.1 14.7 12.8 73.3 7.8 10.2 6.9 2.5 6.0 0.7 8.0 9.2 5.1 6.7 13.3 3.9 6.6 6.7 0.3
Income Tax Expense 10.1 36.0 10.1 7.8 3.5 3.4 4.8 9.1 (5.5) 1.3 3.0 1.4 3.2 (1.1) 1.5 25.3 8.4 17.6 9.4 12.6 4.2 (17.6) 11.7 1.5 (7.8) 2.1 2.4 0.7 0.3 (3.0) (3.2) 0.5 0.3 1.6 (5.1) 0.4 0.8 (3.0) 2.6 0.6 3.3 3.5 2.2 2.8 5.3 1.4 6.0 0 0
Net Income 30.0 44.1 26.5 23.4 9.7 9.9 13.0 27.0 27.6 16.2 39.8 17.5 0.4 1.8 42.9 97.0 34.5 30.1 33.8 63.6 39.4 29.6 33.8 3.8 (7.6) 6.8 3.9 4.9 2.4 10.5 14.3 14.3 12.5 71.7 12.9 9.8 6.1 5.5 3.5 0.1 4.7 5.7 2.9 3.9 8.1 2.4 0.6 6.7 0.3
Per Share Data
EPS (Basic) 0.61 0.96 0.56 0.51 0.21 0.22 0.28 0.60 0.62 0.36 0.89 0.40 0.01 0.04 0.97 2.21 0.79 0.69 0.78 1.48 0.92 0.72 0.83 0.09 -0.19 0.17 0.10 0.12 0.06 0.26 0.36 0.36 0.31 1.80 0.34 0.28 0.18 0.16 0.10 0.00 0.14 0.17 0.09 0.12 0.28 0.09 0.02 0.23 0.01
EPS (Diluted) 0.60 0.95 0.55 0.51 0.21 0.22 0.28 0.59 0.60 0.36 0.88 0.39 0.01 0.04 0.96 2.17 0.76 0.66 0.76 1.41 0.88 0.68 0.81 0.09 -0.19 0.17 0.09 0.12 0.06 0.26 0.34 0.34 0.30 1.74 0.33 0.27 0.17 0.16 0.10 0.00 0.13 0.16 0.09 0.12 0.27 0.08 0.02 0.23 0.01
Shares Outstanding 45.9 45.9 45.8 45.6 45.4 45.2 45.1 45.0 44.8 44.5 44.4 44.3 44.2 44.0 43.9 43.8 43.7 43.5 43.3 43.2 42.7 41.3 40.5 40.5 40.3 40.3 40.2 40.2 40.2 40.1 40.1 40.0 39.9 39.9 37.4 34.6 34.5 34.2 34.2 34.2 34.2 34.2 32.8 32.7 28.6 28.6 28.6 28.6 28.6
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 816.1 865.2 892.7 663.0 744.5 609.0 666.6 615.7 597.6 582.8 538.5 812.1 467.2 284.2 339.3 584.7 482.0 192.0 342.4 434.9 636.6 303.7 616.1 1,264.2 264.1 131.9 166.8 122.5 228.4 324.1 369.3 395.2 530.2 298.3 264.2 213.1 164.9 245.3 363.0 184.0 235.6
Short-Term Investments 1,434.5 861.6 743.0 728.2 701.4 25.3 1,233.5 1,151.2 1,120.6 1,126.2 1,099.9 1,133.1 1,149.7 1,014.7 1,005.4 928.0 844.6 906.1 861.4 817.9 775.2 750.1 765.8 779.8 574.2 540.0 570.8 576.3 569.7 380.5 374.3 384.9 378.5 93.4 76.6 73.0 68.6 71.1 70.3 66.8 55.7
Net Receivables 89 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
Inventory 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
Other Current Assets (1,434.5) 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
Total Current Assets 905.1 1,726.8 1,635.7 1,391.2 1,445.9 634.4 1,900.1 1,766.9 1,718.3 1,709.0 1,638.4 1,945.3 1,616.9 1,299.0 1,344.7 1,512.7 1,326.6 1,098.0 1,203.7 1,246.8 1,405.3 1,053.8 1,381.9 2,044.0 838.2 671.9 730.3 698.8 790.9 704.6 742.8 777.9 906.4 391.6 337.5 286.1 233.5 316.3 433.3 250.8 291.2
Non-Current Assets
Property, Plant & Equipment 235.3 240.2 241.1 246.5 259.1 264.1 267.0 267.9 258.1 257.9 258.0 269.5 268.1 263.3 260.3 257.9 254.9 240.2 244.2 249.1 253.8 259.3 256.4 271.9 276.4 279.1 282.8 283.1 273.9 262.5 263.9 234.8 216.8 178.8 129.2 125.0 101.4 64.7 60.6 61.1 61.8
Goodwill 0 0 0 32.2 32.2 0 0 0 32.2 0 0 0 0 0 0 0 0 32.2 0 32.2 32.2 0 0 0 0 0 32.2 32.2 32.2 32.2 32.2 32.0 18.7 18.7 18.7 18.7 18.7 18.7 0 0 0
Intangible Assets 0 0 0 0.8 0.9 0 0 0 1.3 0 0 0 0 0 0 0 0 2.3 0 2.6 2.8 0 0 0 0 0 4.1 4.3 4.5 4.7 4.9 5.1 2.6 2.7 2.9 3.0 3.2 3.3 0 0 0
Long-Term Investments 12,400.2 12,201.4 11,729.8 11,182.6 10,871.7 11,634.7 10,023.1 9,397.9 9,084.3 8,895.0 8,654.0 8,240.1 8,112.0 7,802.2 7,312.7 6,994.1 6,703.8 6,574.2 6,401.7 6,448.5 6,481.1 6,268.1 6,183.2 5,582.6 3,777.6 3,565.5 3,302.1 3,045.3 2,739.5 2,498.4 2,251.0 2,262.5 2,134.5 2,000.2 1,841.4 1,674.1 1,493.6 1,283.6 1,097.1 1,007.4 842.3
Other Non-Current Assets 1,759.3 966.4 1,059.2 977.9 986.0 410.2 416.9 435.9 445.0 409.5 400.1 364.4 367.2 491.0 397.0 356.2 334.7 301.0 287.7 292.8 271.3 291.2 271.9 310.6 384.0 296.3 281.2 247.1 246.5 205.0 186.3 195.5 200.8 187.8 120.8 112.9 103.6 90.7 78.7 76.0 73.2
Total Non-Current Assets 14,394.9 13,408.0 13,030.2 12,440.0 12,149.8 12,309.0 10,707.0 10,101.7 9,787.3 9,562.5 9,312.1 8,873.9 8,747.4 8,556.5 7,970.0 7,608.2 7,293.4 7,115.4 6,933.6 6,990.4 7,006.1 6,818.5 6,711.5 6,165.2 4,438.1 4,140.9 3,866.1 3,575.5 3,259.9 2,965.9 2,701.2 2,692.8 2,552.2 2,366.8 2,091.5 1,912.0 1,698.6 1,438.9 1,236.4 1,144.5 977.3
Total Assets 15,300.0 15,134.8 14,665.9 13,831.2 13,595.7 12,943.4 12,607.3 11,868.6 11,505.6 11,271.4 10,950.5 10,819.2 10,364.3 9,855.5 9,314.6 9,120.9 8,620.0 8,213.4 8,137.3 8,243.2 8,417.9 7,872.3 8,093.4 8,209.2 5,276.3 4,812.8 4,603.7 4,274.3 4,058.0 3,670.4 3,444.8 3,473.0 3,460.9 2,758.5 2,432.2 2,198.1 1,932.1 1,755.3 1,669.7 1,395.3 1,268.5
Current Liabilities
Account Payables 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
Short-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 50 0 0 20.0 8 0 0 0 14.5 5.0 5 50 0 1.3 1.3 1.4 1.4 0 0 0 23.0 0 33.4 36.7 23.9 24.0 24.0 24.0
Deferred Revenue 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
Other Current Liabilities 13,835.1 13,688.7 13,290.7 12,594.8 12,395.9 11,760.5 11,400.5 10,707.0 10,383.4 10,275.0 10,003.6 9,879.1 9,422.0 8,884.9 8,404.9 8,155.7 7,637.2 7,112.0 6,816.6 6,520.8 6,316.0 5,712.8 5,706.0 5,873.3 4,642.1 4,227.0 4,019.3 3,721.6 3,528.4 3,149.6 2,924.3 2,969.2 2,973.3 2,260.3 2,012.9 1,871.7 1,639.1 1,485.1 1,403.0 1,140.8 1,015.5
Total Current Liabilities 13,835.1 13,688.7 13,290.7 12,594.8 12,395.9 11,760.5 11,400.5 10,707.0 10,383.4 10,275.0 10,003.6 9,879.1 9,422.0 8,934.9 8,404.9 8,155.7 7,657.1 7,120.0 6,816.6 6,520.8 6,316.0 5,727.3 5,711.0 5,878.3 4,692.1 4,227.0 4,020.6 3,722.9 3,529.8 3,151.0 2,924.3 2,969.2 2,973.3 2,283.3 2,012.9 1,905.1 1,675.8 1,508.9 1,427.0 1,164.8 1,039.5
Non-Current Liabilities
Long-Term Debt 99.7 102.4 105.0 107.7 110.2 112.8 115.4 117.7 120.2 23.4 25.8 28.3 30.8 33.2 35.6 86.2 176.9 310.3 571.0 1,012.4 1,466.0 1,527.6 1,742.1 1,716.0 0 0.0 0 0.0 0 1.4 1.5 3.4 3.5 3.6 23.2 3.8 3.9 4.0 4.1 4.2 4.3
Deferred Tax Liabilities 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
Other Non-Current Liabilities 13,918.5 89.6 67.6 61.5 58.1 66.6 83.7 82.7 74.2 70.4 70.6 79.3 88.7 76.3 72.0 87.3 72.6 67.9 56.3 52.6 45.5 49.5 53.2 63.3 48.0 53.4 52.9 30.2 25.5 24.4 41.7 37.4 35.2 34.7 27.8 26.6 26.2 15.5 24.5 19.0 20.4
Total Non-Current Liabilities 14,018.3 192.0 172.6 169.2 168.3 179.4 199.0 200.5 194.5 93.7 96.5 107.6 119.5 109.5 107.6 173.5 249.5 378.2 631.3 1,065.0 1,511.5 1,577.1 1,798.2 1,782.4 50.4 53.5 54.9 32.4 27.9 25.9 43.2 40.7 38.7 38.3 54.7 55.4 30.1 23.5 28.6 23.2 24.6
Total Liabilities 14,018.3 13,880.7 13,463.4 12,763.9 12,564.3 11,939.9 11,599.6 10,907.5 10,577.9 10,368.8 10,100.1 9,986.7 9,541.5 9,044.5 8,512.5 8,329.2 7,906.6 7,498.3 7,447.9 7,585.8 7,827.5 7,304.5 7,509.2 7,660.7 4,742.5 4,280.4 4,075.5 3,755.3 3,557.7 3,176.9 2,967.5 3,010.0 3,012.0 2,321.5 2,067.6 1,960.5 1,705.9 1,532.4 1,455.6 1,188.0 1,064.1
Stockholders' Equity
Common Stock 392.3 388.4 383.3 378.0 370.5 365.6 361.9 356.4 349.6 344.6 340.9 341.0 334.7 330.9 325.6 320.9 315.6 312.3 309.5 305.2 305.9 310.6 351.9 348.3 343.7 340.4 337.3 334.2 331.2 328.1 326.0 323.2 320.6 317.7 315.5 200.1 197.9 200.0 195.3 191.2 188.2
Retained Earnings 836.4 809.9 770.8 746.5 724.2 715.8 707.0 695.2 669.3 642.8 627.8 589.0 572.5 572.5 571.8 530.0 434.2 400.9 371.9 339.0 275.4 235.7 207.4 174.8 172.3 180.3 174.6 172.0 168.2 167.1 157.8 144.8 131.7 120.2 49.7 38.0 28.9 23.5 18.7 15.9 16.1
Accumulated Other Comprehensive Income (47.4) (44.7) (52.2) (61.5) (67.7) (82.3) (61.2) (90.5) (91.2) (84.7) (118.3) (97.6) (84.4) (92.3) (95.2) (59.3) (36.5) 1.9 8.1 13.1 9.1 21.5 24.9 25.3 17.7 11.7 16.3 12.9 1.0 (1.7) (6.6) (5.0) (3.5) (1.0) (0.6) (0.5) (0.7) (0.7) 0.1 0.2 0.0
Total Stockholders' Equity 1,277.6 1,249.9 1,198.2 1,062.9 1,027.0 999.0 1,007.8 961.0 927.7 902.7 850.4 832.5 822.8 811.0 802.2 791.7 713.3 715.1 689.4 657.3 590.4 567.9 584.2 548.4 533.8 532.4 528.2 519.0 500.4 493.6 477.2 463.0 448.8 436.9 364.6 237.6 226.2 222.8 214.2 207.3 204.4
Total Liabilities & Equity 15,300.0 15,134.8 14,665.9 13,831.2 13,595.7 12,943.4 12,607.3 11,868.6 11,505.6 11,271.4 10,950.5 10,819.2 10,364.3 9,855.5 9,314.6 9,120.9 8,620.0 8,213.4 8,137.3 8,243.2 8,417.9 7,872.3 8,093.4 8,209.2 5,276.3 4,812.8 4,603.7 4,274.3 4,058.0 3,670.4 3,444.8 3,473.0 3,460.9 2,758.5 2,432.2 2,198.1 1,932.1 1,755.3 1,669.7 1,395.3 1,268.5
Debt Metrics
Total Debt 99.7 102.4 105.0 107.7 110.2 112.8 115.4 117.7 120.2 23.4 25.8 28.3 30.8 83.2 35.6 86.2 196.9 318.3 575.0 1,012.4 1,466.0 1,542.1 1,750.0 1,724.1 52.4 0.0 3.4 3.5 3.7 2.9 1.5 3.4 3.5 26.6 26.9 62.2 40.6 31.8 28.1 28.2 28.3
Net Debt (716.4) (762.8) (787.6) (555.3) (634.3) (496.2) (551.2) (498.0) (477.4) (559.4) (512.7) (783.8) (436.4) (201.0) (303.7) (498.5) (285.1) 126.3 232.7 577.5 829.4 1,238.4 1,133.9 459.9 (211.6) (131.8) (163.4) (119.0) (224.7) (321.2) (367.8) (391.8) (526.7) (271.7) (237.3) (150.9) (124.3) (213.4) (334.9) (155.8) (207.3)
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 29.9 46.1 26.5 23.4 9.7 9.8 13.0 27.0 27.6 16.2 39.8 17.5 0.4 1.8 42.9 97.0 34.5 30.1 33.8 63.6 39.4 29.6 33.8 3.8 (7.6) 6.8 3.9 4.9 2.4 10.5 14.3 14.3 12.5 71.7 12.9 9.8 6.1 5.5 3.5 0.1 4.7
Depreciation & Amortization 6.9 10.0 6.7 6.8 7.0 6.7 6.3 5.3 5.0 5.3 5.5 5.3 5.2 5.2 5.1 5.1 5.4 5.5 5.3 5.3 5.3 5.1 5.4 5.6 5.6 5.7 5.2 5.1 4.0 4.4 4.2 4.0 3.8 3.3 3.0 2.4 1.7 1.1 1.1 1.0 1.1
Stock-Based Compensation 6.9 6.7 5.9 6.9 6.7 6.5 6.6 6.8 6.3 5.2 0.2 6.3 6.2 5.3 5.0 5.1 5.0 4.1 3.7 4.1 5.0 5.2 3.3 3.3 2.9 3.0 2.9 2.9 2.9 2.1 2.5 2.2 2.3 1.8 2.0 1.9 1.8 4.4 4.1 2.9 0.7
Change in Working Capital (3.3) 35.2 (2.8) 14.6 (3.4) 0.5 12.7 (7.8) 0.3 2.9 10.7 13.3 12.7 (36.5) 15.6 3.2 (4.4) (4.5) 17.0 7.1 (2.7) (50.9) (16.8) 40.2 (38.4) (9.4) 1.0 3.0 7.4 (13.9) 5.6 7.9 (10.9) (11.3) (5.2) (8.1) (0.6) (9.5) 2.6 (1.2) 0.4
Other Non-Cash Items 47.6 (3.1) (275.2) 156.3 86.1 149.6 161.1 45.0 59.5 149.7 102.1 98.3 139.6 40.6 (47.8) (199.9) 109.2 (21.2) (78.1) (172.8) (79.8) 40.0 (243.0) (19.1) (55.2) (148.2) (116.0) (161.2) (123.8) (132.0) 133.0 (4.6) (44.1) (108.4) (85.4) (80.1) (118.8) (45.2) (16.2) (77.2) (101.4)
Operating Cash Flow 87.4 79.7 (234.6) 208.2 105.0 170.7 191.0 83.9 90.9 170.2 154.9 136.5 158.5 26.2 20.7 (78.8) 156.4 29.4 (15.2) (82.2) (36.8) 19.1 (213.8) 21.4 (91.5) (141.1) (102.0) (145.1) (107.8) (132.4) 155.8 24.3 (36.1) (31.3) (73.8) (74.8) (107.7) (47.5) (4.0) (76.5) (93.9)
Investing Activities
Capital Expenditure (2.0) (9.3) (1.7) (1.4) (2.3) (4.0) (6.4) (17.2) (21.7) (21.6) (8.3) (6.6) (10.4) (8.1) (7.4) (8.2) (20.0) (1.4) (0.3) (0.6) (0.7) (19.7) (0.1) (0.5) (0.7) (7.2) (2.2) (14.5) (13.3) (23.5) (26.6) (19.5) (41.7) (52.7) (7.9) (25.8) (37.7) (9.7) (0.8) (0.2) (0.3)
Acquisitions 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 (0.2) 0 0 0 (0.0) (0.1) (7.6) 0 0 0 0
Purchases of Investments (58.8) (93.7) (83.4) (53.6) (80.8) (85.6) (84.1) (64.5) (50.9) (39.1) (26.9) (32.2) (148.0) (43.1) (199.2) (162.4) (37.8) (110.5) (119.7) (104.7) (108.2) (52.9) (50.4) (240.1) (52.8) (22.8) (24.4) (7.4) (198.4) (19.8) (10.8) (23.5) (293.0) (30.1) (6.6) (6.4) (0.0) (12.5) (10.1) (12.4) (2.4)
Sales/Maturities of Investments 49.5 131.5 47.2 46.2 32.1 38.8 36.7 35.1 44.0 35.6 36.9 27.9 21.3 32.4 57.2 173.5 47.3 56.4 53.1 80.6 65.0 62.6 64.0 44.7 26.2 48.1 34.3 16.4 12.5 19.8 17.1 14.9 4.8 12.5 2.7 2.2 2.3 10.4 6.4 1.4 0.9
Other Investing Activities (262.1) (526.0) (284.5) (476.2) (548.3) (535.4) (774.8) (339.0) (250.2) (363.5) (550.4) (234.1) (455.7) (520.2) (297.0) (206.4) (242.6) (157.2) 132.7 163.4 (112.6) (79.6) (370.9) (1,793.5) (152.0) (109.2) (137.3) (143.8) (101.8) (119.9) (111.8) (126.1) (90.6) (110.4) (78.9) (100.4) (90.1) (139.6) (73.0) (88.4) 10.0
Investing Cash Flow (273.4) (497.5) (322.4) (485.1) (599.3) (586.2) (828.6) (385.6) (278.7) (388.5) (548.7) (244.9) (592.9) (539.1) (446.4) (203.6) (253.2) (212.8) 65.8 138.8 (156.4) (89.6) (357.5) (1,989.3) (179.3) (91.2) (129.6) (149.3) (300.9) (143.3) (132.4) (154.3) (420.6) (180.6) (90.8) (130.5) (133.1) (151.4) (77.4) (99.5) 8.2
Financing Activities
Net Debt Issuance (2.7) (2.6) (2.6) (2.6) (2.6) (2.6) (2.4) (2.5) 96.9 (2.5) (2.5) (2.5) (52.4) 47.6 (50.6) (110.7) (121.4) (252.7) (437.4) (452.0) (81.6) (205.0) 26.1 1,671.0 50.0 (1.3) (0.1) (0.0) (0.0) (0.0) (1.9) (0.1) (23.1) (0.3) (35.3) 21.6 12.7 (0.2) (0.1) (0.1) (0.1)
Stock Repurchased (4.0) 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
Dividends Paid (3.5) (3.5) (2.3) (1.4) (1.4) (1.4) (1.4) (1.4) (1.3) (1.3) (1.3) (1.3) (1.3) (1.3) (1.3) (1.3) (1.3) (1.3) (1.3) (1.3) (1.3) (1.3) (1.2) (1.2) (1.2) (1.2) (1.2) (1.2) (1.2) (1.2) (1.2) (1.2) (1.2) (1.2) (1.2) (0.7) (0.7) (0.7) (0.7) (0.3) (1.0)
Other Financing Activities 146.4 395.9 790.1 198.6 633.7 361.7 692.4 323.6 107.1 269.8 124.2 457.2 534.7 480.0 248.8 518.8 523.5 294.1 296.3 200.1 593.4 (39.7) (166.9) 1,234.0 412.9 209.9 298.6 188.0 379.0 225.3 (44.6) (3.7) 713.6 247.8 254.6 232.8 149.7 82.3 262.3 125.4 210.7
Financing Cash Flow 137.2 390.2 786.7 195.4 629.8 357.8 688.7 319.8 202.7 266.0 120.4 453.4 480.9 526.2 196.9 406.8 400.8 40.1 (142.4) (253.3) 510.5 (245.9) (142.1) 2,903.8 461.7 207.4 297.3 186.7 377.8 224.0 (47.7) (5.0) 689.3 246.3 218.1 253.8 161.7 81.4 261.5 125.0 209.6
Cash Position
Net Change in Cash (48.8) (27.5) 229.7 (81.5) 135.5 (57.8) 51.1 18.1 14.9 47.8 (273.4) 344.9 46.5 13.3 (228.8) 124.4 304.0 (143.3) (91.8) (196.7) 317.2 (316.4) (713.4) 935.8 190.9 (24.9) 65.7 (105.2) (31.0) (51.7) (24.4) (135.0) 232.7 34.4 53.5 48.5 (79.1) (117.5) 180.0 (51.0) 123.9
Cash at Beginning 864.9 892.4 662.8 744.3 608.8 666.6 615.4 597.4 582.5 534.8 808.1 463.2 416.6 403.4 632.2 507.8 203.8 347.0 438.8 635.5 318.3 634.8 1,348.1 412.3 221.4 248.4 180.6 285.9 316.8 368.6 392.9 528.0 295.3 260.9 207.4 158.9 238.0 355.5 175.5 226.6 102.6
Cash at End 816.1 864.9 892.4 662.8 744.3 608.8 666.6 615.4 597.4 582.5 534.8 808.1 463.2 416.6 403.4 632.2 507.8 203.8 347.0 438.8 635.5 318.3 634.8 1,348.1 412.3 223.5 246.3 180.6 285.9 316.8 368.6 392.9 528.0 295.3 260.9 207.4 158.9 238.0 355.5 175.5 226.6
Free Cash Flow 85.3 70.4 (236.3) 206.7 102.7 166.7 184.6 66.7 69.2 148.6 146.6 129.9 148.1 18.0 13.3 (87.0) 136.4 28.0 (15.5) (82.8) (37.5) (0.5) (213.9) 20.9 (92.2) (148.3) (104.2) (159.6) (121.1) (155.9) 129.1 4.8 (77.8) (84.0) (81.7) (100.6) (145.4) (57.2) (4.8) (76.7) (94.1)
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 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Income Statement
Revenue 259.9 289.4 258.4 257.1 236.3 239.9 238.3 230.5 220.6 198.1 216.0 192.5 170.0 145.4 133.3 105.6 124.5 119.6 115.8 157.1 114.0 99.4 120.7 89.0 69.2 82.7 75.4 69.2 63.6 61.3 64.8 70.8 64.5 55.9 51.6 50.0 45.2 39.2 40.2 32.1 33.3 33.1 26.1 25.6 26.8 22.1 22 21.2 17.4
Gross Profit 125.4 169.2 120.2 118.8 94.8 91.2 91.8 111.7 101.9 92.1 114.6 94.0 81.5 75.0 87.2 81.1 107.6 101.1 96.4 132.7 96.6 70.0 86.7 53.1 34.1 52.7 47.8 44.6 41.3 38.6 50.9 54.8 49.5 44.3 42.1 42.5 38.9 30.9 32.5 25.2 29.1 29.4 22.5 23.3 23.8 18.9 20.1 19.4 15.7
Operating Income 40.1 80.1 36.6 31.2 13.1 13.2 17.8 36.1 22.1 17.5 42.8 19.0 3.6 0.7 44.4 122.3 42.9 47.8 43.2 76.2 43.6 12.0 45.5 5.3 (15.4) 8.9 6.3 5.6 2.7 7.5 11.1 14.7 12.8 73.3 7.8 10.2 6.9 2.5 6.0 0.7 8.0 9.2 5.1 6.7 13.3 3.9 6.6 6.7 0.3
Net Income 30.0 44.1 26.5 23.4 9.7 9.9 13.0 27.0 27.6 16.2 39.8 17.5 0.4 1.8 42.9 97.0 34.5 30.1 33.8 63.6 39.4 29.6 33.8 3.8 (7.6) 6.8 3.9 4.9 2.4 10.5 14.3 14.3 12.5 71.7 12.9 9.8 6.1 5.5 3.5 0.1 4.7 5.7 2.9 3.9 8.1 2.4 0.6 6.7 0.3
EPS (Diluted) 0.60 0.95 0.55 0.51 0.21 0.22 0.28 0.59 0.60 0.36 0.88 0.39 0.01 0.04 0.96 2.17 0.76 0.66 0.76 1.41 0.88 0.68 0.81 0.09 -0.19 0.17 0.09 0.12 0.06 0.26 0.34 0.34 0.30 1.74 0.33 0.27 0.17 0.16 0.10 0.00 0.13 0.16 0.09 0.12 0.27 0.08 0.02 0.23 0.01
Balance Sheet
Cash & Equivalents 816.1 865.2 892.7 663.0 744.5 609.0 666.6 615.7 597.6 582.8 538.5 812.1 467.2 284.2 339.3 584.7 482.0 192.0 342.4 434.9 636.6 303.7 616.1 1,264.2 264.1 131.9 166.8 122.5 228.4 324.1 369.3 395.2 530.2 298.3 264.2 213.1 164.9 245.3 363.0 184.0 235.6
Total Assets 15,300.0 15,134.8 14,665.9 13,831.2 13,595.7 12,943.4 12,607.3 11,868.6 11,505.6 11,271.4 10,950.5 10,819.2 10,364.3 9,855.5 9,314.6 9,120.9 8,620.0 8,213.4 8,137.3 8,243.2 8,417.9 7,872.3 8,093.4 8,209.2 5,276.3 4,812.8 4,603.7 4,274.3 4,058.0 3,670.4 3,444.8 3,473.0 3,460.9 2,758.5 2,432.2 2,198.1 1,932.1 1,755.3 1,669.7 1,395.3 1,268.5
Total Debt 99.7 102.4 105.0 107.7 110.2 112.8 115.4 117.7 120.2 23.4 25.8 28.3 30.8 83.2 35.6 86.2 196.9 318.3 575.0 1,012.4 1,466.0 1,542.1 1,750.0 1,724.1 52.4 0.0 3.4 3.5 3.7 2.9 1.5 3.4 3.5 26.6 26.9 62.2 40.6 31.8 28.1 28.2 28.3
Stockholders' Equity 1,277.6 1,249.9 1,198.2 1,062.9 1,027.0 999.0 1,007.8 961.0 927.7 902.7 850.4 832.5 822.8 811.0 802.2 791.7 713.3 715.1 689.4 657.3 590.4 567.9 584.2 548.4 533.8 532.4 528.2 519.0 500.4 493.6 477.2 463.0 448.8 436.9 364.6 237.6 226.2 222.8 214.2 207.3 204.4
Cash Flow
Operating Cash Flow 87.4 79.7 (234.6) 208.2 105.0 170.7 191.0 83.9 90.9 170.2 154.9 136.5 158.5 26.2 20.7 (78.8) 156.4 29.4 (15.2) (82.2) (36.8) 19.1 (213.8) 21.4 (91.5) (141.1) (102.0) (145.1) (107.8) (132.4) 155.8 24.3 (36.1) (31.3) (73.8) (74.8) (107.7) (47.5) (4.0) (76.5) (93.9)
Capital Expenditure (2.0) (9.3) (1.7) (1.4) (2.3) (4.0) (6.4) (17.2) (21.7) (21.6) (8.3) (6.6) (10.4) (8.1) (7.4) (8.2) (20.0) (1.4) (0.3) (0.6) (0.7) (19.7) (0.1) (0.5) (0.7) (7.2) (2.2) (14.5) (13.3) (23.5) (26.6) (19.5) (41.7) (52.7) (7.9) (25.8) (37.7) (9.7) (0.8) (0.2) (0.3)
Free Cash Flow 85.3 70.4 (236.3) 206.7 102.7 166.7 184.6 66.7 69.2 148.6 146.6 129.9 148.1 18.0 13.3 (87.0) 136.4 28.0 (15.5) (82.8) (37.5) (0.5) (213.9) 20.9 (92.2) (148.3) (104.2) (159.6) (121.1) (155.9) 129.1 4.8 (77.8) (84.0) (81.7) (100.6) (145.4) (57.2) (4.8) (76.7) (94.1)