MAX - MediaAlpha, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$14.33
DETAILS
HIGH:
$17.00
LOW:
$11.00
MEDIAN:
$15.00
CONSENSUS:
$14.33
UPSIDE:
18.92%
| 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 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||
| Revenue | 316.9 | 310.0 | 291.2 | 306.5 | 251.6 | 264.3 | 300.6 | 259.1 | 178.3 | 126.6 | 117.2 | 74.6 | 84.8 | 111.6 | 124.0 | 89.0 | 103.4 | 142.6 | 161.6 | 152.7 | 157.4 | 173.6 | 190.2 | 151.5 | 123.6 | 119.4 | 126.1 | 110.4 | 89.1 | 85.7 | 74.2 | 74.2 |
| Cost of Revenue | 271.7 | 263.3 | 246.3 | 263.1 | 213.9 | 222.7 | 251.7 | 219.9 | 146.6 | 103.0 | 94.9 | 62.3 | 71.0 | 93.3 | 103.9 | 76.3 | 87.9 | 120.9 | 136.2 | 128.1 | 132.3 | 147.2 | 163.7 | 130.8 | 104.2 | 100.7 | 105.8 | 92.7 | 74.7 | 72.2 | 61.9 | 61.9 |
| Gross Profit | 45.2 | 46.7 | 44.8 | 43.4 | 37.7 | 41.6 | 49.0 | 39.2 | 31.7 | 23.7 | 22.3 | 12.3 | 13.8 | 18.4 | 20.1 | 12.7 | 15.5 | 21.7 | 25.4 | 24.7 | 25.0 | 26.4 | 26.5 | 20.7 | 19.4 | 18.8 | 20.4 | 17.7 | 14.4 | 13.5 | 12.3 | 12.3 |
| Operating Expenses | ||||||||||||||||||||||||||||||||
| R&D Expenses | 6.0 | 5.5 | 5.3 | 5.8 | 5.4 | 4.9 | 5.0 | 5.3 | 5.1 | 4.4 | 3.9 | 4.3 | 5.1 | 5.2 | 4.9 | 5.3 | 5.7 | 5.2 | 4.3 | 3.8 | 3.8 | 3.3 | 7.0 | 1.8 | 1.9 | 1.8 | 1.9 | 1.6 | 1.6 | 1.8 | 2.6 | 2.6 |
| SG&A Expenses | 19.2 | 18.9 | 17.2 | 17.8 | 17.1 | 16.3 | 14.6 | 18.3 | 19.4 | 15.9 | 13.6 | 22.7 | 23.7 | 22.4 | 22.2 | 21.6 | 23.0 | 24.4 | 22.8 | 21.0 | 19.3 | 21.1 | 30.6 | 10.5 | 5.9 | 6.4 | 6.4 | 6.4 | 5.5 | 10.2 | 4.9 | 4.9 |
| Other Expenses | 0 | 0 | (56.1) | 0 | 35.3 | 20.3 | 11.1 | 0 | 0.7 | 1.1 | 4.3 | 0 | 1.1 | 0.3 | (0.4) | (3.6) | (2.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 25.2 | 24.3 | (33.6) | 23.7 | 57.7 | 41.5 | 30.7 | 23.6 | 25.2 | 21.3 | 21.8 | 27.0 | 29.8 | 27.9 | 26.7 | 23.2 | 25.9 | 29.6 | 27.0 | 24.7 | 23.1 | 24.5 | 37.6 | 12.3 | 7.7 | 8.2 | 8.2 | 8.0 | 7.1 | 12.0 | 7.5 | 7.5 |
| Operating Income | ||||||||||||||||||||||||||||||||
| Operating Income | 20.0 | 22.4 | 78.4 | 19.7 | (20.0) | 0.1 | 18.3 | 15.6 | 6.5 | 2.4 | 0.4 | (14.7) | (16.1) | (9.5) | (6.5) | (10.6) | (10.4) | (7.9) | (1.6) | (0.1) | 1.9 | 1.9 | (11.1) | 8.4 | 11.7 | 10.6 | 12.1 | 9.7 | 7.3 | 1.5 | 4.8 | 4.8 |
| Interest Expense | 2.8 | 2.4 | 2.6 | 2.8 | 2.9 | 3.0 | 3.2 | 3.6 | 3.8 | 3.8 | 3.9 | 3.9 | 3.9 | 3.6 | 3.3 | 2.6 | 2.0 | 1.4 | 1.5 | 1.8 | 2.2 | 2.3 | 3.1 | 1.6 | 1.5 | 1.7 | 1.8 | 1.9 | 0 | 0 | 0.3 | 0.3 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.4 | 1.7 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||||||||
| EBITDA | 57.3 | 23.5 | (101.0) | 21.1 | 15.8 | 21.9 | 31.0 | 17.4 | 8.9 | 5.1 | 6.6 | (12.8) | (13.1) | (7.4) | (5.2) | (12.4) | (11.3) | (6.6) | (4.3) | 0.5 | 2.6 | 2.9 | (10.2) | 9.3 | 12.6 | 11.4 | 13.4 | 11.1 | 8.8 | 3.0 | 7.8 | 7.8 |
| EBIT | 57.9 | 23.0 | (101.5) | 20.5 | 15.2 | 20.4 | 29.3 | 15.8 | 7.2 | 3.4 | 4.7 | (14.6) | (15.0) | (9.2) | (7.0) | (14.2) | (13.1) | (7.3) | (5.1) | (0.4) | 1.7 | 2.1 | (11.1) | 8.4 | 11.7 | 10.6 | 12.1 | 9.7 | 7.3 | 1.5 | 4.8 | 4.8 |
| Income Before Tax | 55.1 | 20.5 | (104.2) | 17.7 | (22.2) | (2.4) | 8.2 | 12.2 | 4.5 | (1.5) | (4.1) | (18.6) | (19.8) | (14.5) | 73.3 | (21.8) | (12.4) | (8.7) | (6.7) | (2.1) | (0.5) | (0.2) | (14.5) | 4.8 | 10.1 | 8.8 | 10.4 | 7.8 | 5.0 | (0.2) | 4.5 | 4.5 |
| Income Tax Expense | 13.3 | 6.5 | (138.1) | 0.1 | 0.3 | (0.0) | 0.9 | 0.3 | 0.1 | 0.0 | (0.8) | 0.1 | 0.1 | 0.1 | 101.7 | (0.5) | 0.6 | 1.1 | (2.7) | 2.1 | (0.1) | (0.4) | (1.3) | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | 39.4 | 11.5 | 31.4 | 14.9 | (18.7) | (1.9) | 4.6 | 9.5 | 3.6 | (1.1) | (2.4) | (13.5) | (14.3) | (10.3) | (27.0) | (14.5) | (9.1) | (7.1) | (1.8) | (3.5) | (0.2) | 0.3 | (9) | 4.8 | 10.1 | 8.8 | 10.4 | 7.8 | 5.0 | (0.2) | 4.5 | 4.5 |
| Per Share Data | ||||||||||||||||||||||||||||||||
| EPS (Basic) | 0.72 | 0.21 | 0.56 | 0.26 | -0.33 | -0.04 | 0.08 | 0.17 | 0.07 | -0.02 | -0.05 | -0.29 | -0.32 | -0.23 | -0.63 | -0.34 | -0.22 | -0.17 | -0.05 | -0.10 | -0.01 | 0.00 | -0.84 | 4.68 | 10.01 | 0.27 | -7.32 | 0.24 | – | – | 0.08 | 0.08 |
| EPS (Diluted) | 0.65 | 0.21 | 0.50 | 0.26 | -0.33 | -0.04 | 0.08 | 0.17 | 0.07 | -0.02 | -0.05 | -0.29 | -0.32 | -0.23 | -0.63 | -0.34 | -0.22 | -0.17 | -0.04 | -0.10 | -0.01 | 0.00 | -0.84 | 4.68 | 10.01 | 0.27 | -7.32 | 0.24 | – | – | 0.08 | 0.08 |
| Shares Outstanding | 54.8 | 55.8 | 56.2 | 56.6 | 56.1 | 48.7 | 55.3 | 54.9 | 53.4 | 48.6 | 41.5 | 46.2 | 44.6 | 43.9 | 43.0 | 42.2 | 41.7 | 40.8 | 29.5 | 36.4 | 37.7 | 62.2 | 10.7 | 1.0 | 1.0 | 33.2 | 1.4 | 32.4 | 0 | 0 | 58.7 | 58.7 |
| 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 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 23.7 | 26.1 | 46.9 | 72.3 | 85.4 | 63.6 | 43.3 | 32.3 | 28.7 | 14.5 | 17.3 | 15.2 | 20.0 | 19.5 | 14.5 | 30.2 | 35.2 | 55.3 | 50.6 | 29.3 | 15 | 12.9 | 23.6 | 12.0 | 26.4 | (10.0) | 10.0 | (5.7) |
| Short-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 | 20.1 | 0 | 11.3 |
| Net Receivables | 141.6 | 250.4 | 123.0 | 129.2 | 102.8 | 114.8 | 142.9 | 126.8 | 90.7 | 57.5 | 53.8 | 33.1 | 32.6 | 43.1 | 60.0 | 34.7 | 38.9 | 61.2 | 76.1 | 71.3 | 74.3 | 80.3 | 96.3 | 63.1 | 56.8 | 0 | 56.0 | 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 |
| Other Current Assets | 0 | (111.2) | 4.5 | 4.2 | 4.3 | 4.1 | 3.7 | 2.9 | 3.3 | 3.7 | 0 | 2.8 | 3.5 | 4.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 171.3 | 165.2 | 174.4 | 205.7 | 192.5 | 182.5 | 189.9 | 162.1 | 122.7 | 75.6 | 74.6 | 51.0 | 56.1 | 67.3 | 80.4 | 69.9 | 80.4 | 124.3 | 137.1 | 104.6 | 94.7 | 100.4 | 127.8 | 76.7 | 84.9 | 10.0 | 67.5 | 5.7 |
| Non-Current Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.8 | 0 | 0 | 0 | 3.5 | 1.1 | 1.1 | 0.7 | 0.8 | 0.7 | 0.7 | 0 | 0.8 | 0 |
| Goodwill | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 47.7 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 18.4 | 0 | 18.4 | 0 |
| Intangible Assets | 2.6 | 3.1 | 3.6 | 4.1 | 4.6 | 5.1 | 20.0 | 21.6 | 22.8 | 24.4 | 26.0 | 27.7 | 29.5 | 31.2 | 32.9 | 34.6 | 36.3 | 11.9 | 12.6 | 13.3 | 14.1 | 14.8 | 15.6 | 16.4 | 17.1 | 0 | 18.8 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4 | 1.4 | 0 | 0 | 10 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 7.6 | 8.0 | 8.4 | 8.7 | 4.6 | 4.7 | 4.8 | 4.7 | 5.0 | 5.3 | 5.6 | 6.5 | 6.9 | 7.2 | 4.8 | 111.6 | 121.4 | 120.7 | 108.2 | 15.8 | 15.9 | 16.1 | 16.2 | 21.7 | 14.6 | (10.0) | 0 | (5.7) |
| Total Non-Current Assets | 188.5 | 202.5 | 209.5 | 60.5 | 56.9 | 57.5 | 72.5 | 74.1 | 75.5 | 77.4 | 79.4 | 82.0 | 84.1 | 86.2 | 89.7 | 195.4 | 205.5 | 150.9 | 152.7 | 140.9 | 141.7 | 141.3 | 82.5 | 57.1 | 50.9 | (10.0) | 37.9 | (5.7) |
| Total Assets | 359.8 | 367.7 | 383.8 | 266.2 | 249.4 | 240.0 | 262.4 | 236.1 | 198.2 | 153.0 | 153.9 | 133.0 | 140.2 | 153.4 | 170.1 | 265.2 | 285.9 | 275.2 | 289.8 | 245.5 | 236.4 | 241.7 | 210.3 | 133.8 | 135.8 | 0 | 105.4 | 0 |
| Current Liabilities | ||||||||||||||||||||||||||||
| Account Payables | 113.4 | 91.4 | 91.1 | 102.7 | 75.8 | 82.4 | 105.6 | 109.6 | 90.6 | 53.6 | 56.3 | 38.7 | 37.8 | 46.3 | 54.0 | 42.3 | 33.4 | 51.5 | 61.8 | 44.2 | 46.3 | 64.6 | 98.2 | 61.7 | 65.6 | 0 | 40.5 | 0 |
| Short-Term Debt | 7.2 | 7.2 | 22.8 | 22.0 | 8.9 | 8.9 | 8.8 | 8.8 | 8.8 | 11.9 | 11.9 | 8.8 | 8.8 | 8.8 | 8.8 | 8.8 | 8.7 | 8.7 | 8.7 | 6.3 | 0 | 0 | 0 | 6.3 | 0.6 | 0 | 0.9 | 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 |
| Other Current Liabilities | 0 | 14.6 | 33.8 | 65.0 | 0 | 0 | 1.0 | 14.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 4.6 | 3.8 | 0 | 8.2 | 0.0 | 0 | 0 | 0 |
| Total Current Liabilities | 133.1 | 113.2 | 147.6 | 189.7 | 148.7 | 109.4 | 133.0 | 132.6 | 111.2 | 76.3 | 79.7 | 60.3 | 59.8 | 65.2 | 76.9 | 63.8 | 55.4 | 70.3 | 84.2 | 58.0 | 53.8 | 69.9 | 107.5 | 80.7 | 70.3 | 0 | 47.9 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | 169.5 | 156.3 | 132.0 | 133.7 | 149.2 | 151.4 | 153.6 | 155.8 | 158.0 | 160.2 | 162.4 | 167.7 | 169.9 | 172.1 | 174.3 | 181.5 | 198.7 | 175.9 | 178.1 | 180.3 | 183.3 | 183.0 | 182.7 | 199.1 | 96.4 | 0 | 96.7 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75.4 | 22.5 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 62.1 | 127.3 | 132.9 | 8.6 | 8.5 | 20.4 | 22.1 | 7.3 | 6.9 | 5.9 | 6.2 | 4.8 | 4.9 | 4.9 | 2.5 | 83.3 | 83.3 | 81.9 | 85.9 | 80.2 | 78.5 | 2.8 | 2.8 | 181.7 | 181.5 | 0 | 74.4 | 0 |
| Total Non-Current Liabilities | 231.7 | 283.6 | 265.4 | 142.3 | 157.7 | 171.8 | 175.7 | 163.1 | 165.0 | 166.1 | 168.6 | 172.5 | 174.8 | 177.0 | 179.3 | 269.8 | 290.0 | 262.6 | 267.2 | 260.4 | 261.9 | 261.2 | 208 | 380.8 | 277.9 | 0 | 171.1 | 0 |
| Total Liabilities | 364.8 | 396.8 | 413.0 | 332.0 | 306.4 | 281.2 | 308.7 | 295.7 | 276.2 | 242.4 | 248.3 | 232.7 | 234.6 | 242.1 | 256.2 | 333.6 | 345.4 | 332.9 | 351.4 | 318.4 | 315.6 | 331.1 | 315.5 | 461.5 | 348.2 | 0 | 219.0 | 0 |
| Stockholders' Equity | ||||||||||||||||||||||||||||
| Common Stock | 0.6 | 0.6 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 82.1 | 81.5 | 0 | 79.5 | 0 |
| Retained Earnings | (429.4) | (468.8) | (480.3) | (511.7) | (526.6) | (507.9) | (505.9) | (510.6) | (520.1) | (523.7) | (522.6) | (520.2) | (506.7) | (492.4) | (482.1) | (455.2) | (440.7) | (431.6) | (424.5) | (422.6) | (418.9) | (418.7) | (419.0) | (409.8) | (293.9) | 0 | (193.1) | 0 |
| Accumulated Other Comprehensive Income | 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) | (0.7) | (113.6) | 0 | 40.5 |
| Total Stockholders' Equity | 28.4 | 1.9 | 4.2 | (29.8) | (3.8) | 7.9 | 2.4 | (8.4) | (24.4) | (19.1) | (10.3) | (16.2) | (16.2) | (13.3) | (16.0) | 1.2 | 3.4 | 2.2 | (4.3) | (14.3) | (20.6) | (30.8) | (33.8) | (327.7) | (212.4) | (113.6) | (113.6) | 40.5 |
| Total Liabilities & Equity | 359.8 | 367.7 | 383.8 | 266.2 | 249.4 | 240.0 | 262.4 | 236.1 | 198.2 | 153.0 | 153.9 | 133.0 | 140.2 | 153.4 | 170.1 | 265.2 | 285.9 | 275.2 | 289.8 | 245.5 | 236.4 | 241.7 | 210.3 | 133.8 | 135.8 | (113.6) | 105.4 | 40.5 |
| Debt Metrics | ||||||||||||||||||||||||||||
| Total Debt | 176.7 | 163.5 | 155.2 | 155.7 | 158.0 | 160.2 | 162.4 | 164.7 | 166.9 | 172.1 | 174.3 | 176.5 | 178.7 | 180.9 | 186.3 | 195.3 | 215.4 | 189.5 | 190.8 | 186.6 | 183.3 | 183.0 | 182.7 | 205.4 | 97.0 | 0 | 97.5 | 0 |
| Net Debt | 153.0 | 137.5 | 108.3 | 83.3 | 72.6 | 96.7 | 119.2 | 132.3 | 138.2 | 157.6 | 157.0 | 161.3 | 158.7 | 161.3 | 171.7 | 165.1 | 180.2 | 134.2 | 140.2 | 157.3 | 168.3 | 170.2 | 159.1 | 193.4 | 70.5 | 10.0 | 87.5 | 5.7 |
| 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 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||
| Net Income | 41.8 | 11.5 | 34.0 | 17.6 | (22.5) | (1.9) | 7.3 | 11.9 | 3.6 | (1.1) | (2.4) | (18.7) | (20.0) | (14.6) | (28.4) | (21.2) | (13.0) | (9.8) | (4.0) | (4.3) | (0.4) | 0.2 | (13.2) | 4.8 | 10.1 | 8.8 | 10.4 | 7.8 | 5.0 | (0.2) | 4.5 | 4.5 |
| Depreciation & Amortization | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 1.7 | 1.7 | 1.7 | 1.9 | 1.9 | 2.0 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.9 | 0.9 | 1.3 | 1.4 | 1.5 | 1.5 | 3.0 | 3.0 |
| Stock-Based Compensation | 8.5 | 7.3 | 7.5 | 7.7 | 8.1 | 7.0 | 7.6 | 8.6 | 9.2 | 8.6 | 9.4 | 14.5 | 15.1 | 14.3 | 14.3 | 14.6 | 15.8 | 13.8 | 12.4 | 11.2 | 11.5 | 10.6 | 23.0 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 | 1.3 | 1.3 | 0.2 | 0.2 |
| Change in Working Capital | 15.3 | (29.3) | (35.1) | (2.7) | 39.2 | 27.0 | (9.4) | (14.9) | (31.3) | (4.7) | (20.7) | 0.6 | 6.4 | 9.4 | (12.8) | 15.0 | 9.1 | 2.8 | 10.7 | 2.7 | (8.5) | (21.1) | 0.6 | (8.5) | 20.2 | (3.2) | (1.5) | (12.5) | (6.5) | (6.5) | (2.6) | (2.6) |
| Other Non-Cash Items | (36.7) | 2.5 | 124.4 | 0.4 | 0.4 | (10.0) | 7.4 | 0.8 | 38.2 | (3.0) | 17.0 | 0.4 | 0.4 | 1.5 | (83.6) | 5.3 | (2.5) | 0.3 | 0.8 | 0.3 | 0.6 | 0.6 | 0.9 | 2.2 | 0.2 | 0.1 | 0.2 | 0.1 | 5.8 | 10.9 | (2.1) | (2.1) |
| Operating Cash Flow | 42.6 | (1.6) | (7.4) | 23.6 | 25.7 | 23.7 | 14.5 | 8.1 | 21.6 | 1.7 | 5.3 | (1.4) | 3.8 | 12.6 | (6.5) | 14.8 | 11.8 | 8.3 | 21.9 | 12.5 | 3.6 | (9.4) | 12.1 | 0.0 | 32.0 | 7.3 | 10.8 | (2.6) | 6.9 | 6.9 | 5.7 | 5.7 |
| Investing Activities | ||||||||||||||||||||||||||||||||
| Capital Expenditure | (0.8) | (0.0) | (0.0) | (0.1) | (0.2) | (0.1) | (0.0) | (0.4) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.1) | (0.4) | (0.1) | (0.1) | (0.1) | (0.1) | (0.0) | (0.2) | (0.0) | (0.0) | (0.0) | (0.2) | (0.2) |
| 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 | 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 | 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 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.4) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (49.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (10) | 0 | (0.1) | 0 | 0 | 0 | 0.2 | 0.2 |
| Investing Cash Flow | (0.8) | (0.0) | (0.0) | (0.1) | (0.2) | (0.1) | (0.0) | (0.4) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (49.7) | (0.0) | (0.1) | (0.1) | (0.4) | (0.1) | (0.1) | (0.1) | (10.1) | (0.0) | (0.2) | (0.0) | (0.0) | (0.0) | (0.2) | (0.2) |
| Financing Activities | ||||||||||||||||||||||||||||||||
| Net Debt Issuance | 15 | 8.9 | (2.4) | (2.4) | (2.4) | (2.4) | (2.4) | (2.4) | (5.4) | (2.4) | (2.4) | (2.4) | (2.4) | (2.4) | (7.4) | (17.4) | 22.6 | (2.4) | 0 | 2.8 | 0 | 0 | 81.9 | 110.8 | (0.2) | (0.6) | (0.2) | (0.2) | 0 | 0 | 0 | 0 |
| Stock Repurchased | (20.6) | (20.3) | (14.4) | 0 | (1.1) | (0.9) | 0 | 0 | (1.7) | (2.0) | (0.8) | 0 | 0 | 0 | (1.4) | (1.6) | 0 | 0 | (0.6) | (0.6) | (0.9) | (1.3) | (85.8) | 0 | (0.2) | (1.3) | 0 | (1.1) | (33.1) | (33.1) | 0 | 0 |
| Dividends Paid | (5.2) | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.1) | 0 | 0 | 0 | (0.3) | (0.2) | (1.1) | (1.5) | 0 | (0.5) | (0.1) | (0.2) | (0.2) | 0 | 0 | (0.2) | (120.7) | 0 | 0 | (6.7) | (4.6) | (42.2) | (42.2) | (4.0) | (4.0) |
| Other Financing Activities | (33.2) | (7.9) | (1.2) | (34.2) | (0.3) | (0.1) | (1.0) | (1.5) | (0.1) | (0.1) | (0.0) | (0.8) | (0.7) | (4.1) | 1.1 | (0.8) | (4.3) | (1.0) | 0.2 | 0 | (0.1) | 0 | (120.5) | (4.5) | (10.5) | 0 | 0 | 0 | 73.0 | 73.0 | (3.1) | (3.1) |
| Financing Cash Flow | (44.1) | (19.2) | (18.0) | (36.6) | (3.7) | (3.3) | (3.5) | (4.0) | (7.3) | (4.4) | (3.2) | (3.4) | (3.3) | (7.5) | (9.2) | (19.8) | 17.8 | (3.5) | (0.6) | 1.9 | (1.0) | (1.3) | (0.4) | (14.4) | (11.0) | (1.8) | (7.0) | (6.0) | (2.3) | (2.3) | (7.1) | (7.1) |
| Cash Position | ||||||||||||||||||||||||||||||||
| Net Change in Cash | (2.3) | (20.8) | (25.5) | (13.0) | 21.8 | 20.3 | 11.0 | 3.6 | 14.2 | (2.8) | 2.1 | (4.8) | 0.5 | 5.0 | (15.7) | (5.0) | (20.1) | 4.7 | 21.3 | 14.3 | 2.1 | (10.7) | 11.5 | (14.4) | 10.9 | 5.5 | 3.7 | (8.6) | 4.6 | 4.6 | (0.9) | (0.9) |
| Cash at Beginning | 26.1 | 46.9 | 72.3 | 85.4 | 63.6 | 43.3 | 32.3 | 28.7 | 14.5 | 17.3 | 15.2 | 20.0 | 19.5 | 14.5 | 30.2 | 35.2 | 55.3 | 50.6 | 29.3 | 15 | 12.9 | 23.6 | 12.0 | 26.4 | 15.5 | 10.0 | 6.3 | 14.9 | 0 | 0 | 2.3 | 2.3 |
| Cash at End | 23.7 | 26.1 | 46.9 | 72.3 | 85.4 | 63.6 | 43.3 | 32.3 | 28.7 | 14.5 | 17.3 | 15.2 | 20.0 | 19.5 | 14.5 | 30.2 | 35.2 | 55.3 | 50.6 | 29.3 | 15 | 12.9 | 23.6 | 12.0 | 26.4 | 15.5 | 10.0 | 6.3 | 4.6 | 4.6 | 1.4 | 1.4 |
| Free Cash Flow | 41.8 | (1.6) | (7.5) | 23.6 | 25.5 | 23.6 | 14.5 | 7.6 | 21.5 | 1.6 | 5.3 | (1.4) | 3.8 | 12.5 | (6.5) | 14.8 | 11.8 | 8.3 | 21.9 | 12.4 | 3.2 | (9.4) | 12.0 | (0.0) | 31.9 | 7.3 | 10.7 | (2.6) | 6.9 | 6.9 | 5.5 | 5.5 |
| 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 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||
| Revenue | 316.9 | 310.0 | 291.2 | 306.5 | 251.6 | 264.3 | 300.6 | 259.1 | 178.3 | 126.6 | 117.2 | 74.6 | 84.8 | 111.6 | 124.0 | 89.0 | 103.4 | 142.6 | 161.6 | 152.7 | 157.4 | 173.6 | 190.2 | 151.5 | 123.6 | 119.4 | 126.1 | 110.4 | 89.1 | 85.7 | 74.2 | 74.2 |
| Gross Profit | 45.2 | 46.7 | 44.8 | 43.4 | 37.7 | 41.6 | 49.0 | 39.2 | 31.7 | 23.7 | 22.3 | 12.3 | 13.8 | 18.4 | 20.1 | 12.7 | 15.5 | 21.7 | 25.4 | 24.7 | 25.0 | 26.4 | 26.5 | 20.7 | 19.4 | 18.8 | 20.4 | 17.7 | 14.4 | 13.5 | 12.3 | 12.3 |
| Operating Income | 20.0 | 22.4 | 78.4 | 19.7 | (20.0) | 0.1 | 18.3 | 15.6 | 6.5 | 2.4 | 0.4 | (14.7) | (16.1) | (9.5) | (6.5) | (10.6) | (10.4) | (7.9) | (1.6) | (0.1) | 1.9 | 1.9 | (11.1) | 8.4 | 11.7 | 10.6 | 12.1 | 9.7 | 7.3 | 1.5 | 4.8 | 4.8 |
| Net Income | 39.4 | 11.5 | 31.4 | 14.9 | (18.7) | (1.9) | 4.6 | 9.5 | 3.6 | (1.1) | (2.4) | (13.5) | (14.3) | (10.3) | (27.0) | (14.5) | (9.1) | (7.1) | (1.8) | (3.5) | (0.2) | 0.3 | (9) | 4.8 | 10.1 | 8.8 | 10.4 | 7.8 | 5.0 | (0.2) | 4.5 | 4.5 |
| EPS (Diluted) | 0.65 | 0.21 | 0.50 | 0.26 | -0.33 | -0.04 | 0.08 | 0.17 | 0.07 | -0.02 | -0.05 | -0.29 | -0.32 | -0.23 | -0.63 | -0.34 | -0.22 | -0.17 | -0.04 | -0.10 | -0.01 | 0.00 | -0.84 | 4.68 | 10.01 | 0.27 | -7.32 | 0.24 | – | – | 0.08 | 0.08 |
| Balance Sheet | ||||||||||||||||||||||||||||||||
| Cash & Equivalents | 23.7 | 26.1 | 46.9 | 72.3 | 85.4 | 63.6 | 43.3 | 32.3 | 28.7 | 14.5 | 17.3 | 15.2 | 20.0 | 19.5 | 14.5 | 30.2 | 35.2 | 55.3 | 50.6 | 29.3 | 15 | 12.9 | 23.6 | 12.0 | 26.4 | (10.0) | 10.0 | (5.7) | ||||
| Total Assets | 359.8 | 367.7 | 383.8 | 266.2 | 249.4 | 240.0 | 262.4 | 236.1 | 198.2 | 153.0 | 153.9 | 133.0 | 140.2 | 153.4 | 170.1 | 265.2 | 285.9 | 275.2 | 289.8 | 245.5 | 236.4 | 241.7 | 210.3 | 133.8 | 135.8 | 0 | 105.4 | 0 | ||||
| Total Debt | 176.7 | 163.5 | 155.2 | 155.7 | 158.0 | 160.2 | 162.4 | 164.7 | 166.9 | 172.1 | 174.3 | 176.5 | 178.7 | 180.9 | 186.3 | 195.3 | 215.4 | 189.5 | 190.8 | 186.6 | 183.3 | 183.0 | 182.7 | 205.4 | 97.0 | 0 | 97.5 | 0 | ||||
| Stockholders' Equity | 28.4 | 1.9 | 4.2 | (29.8) | (3.8) | 7.9 | 2.4 | (8.4) | (24.4) | (19.1) | (10.3) | (16.2) | (16.2) | (13.3) | (16.0) | 1.2 | 3.4 | 2.2 | (4.3) | (14.3) | (20.6) | (30.8) | (33.8) | (327.7) | (212.4) | (113.6) | (113.6) | 40.5 | ||||
| Cash Flow | ||||||||||||||||||||||||||||||||
| Operating Cash Flow | 42.6 | (1.6) | (7.4) | 23.6 | 25.7 | 23.7 | 14.5 | 8.1 | 21.6 | 1.7 | 5.3 | (1.4) | 3.8 | 12.6 | (6.5) | 14.8 | 11.8 | 8.3 | 21.9 | 12.5 | 3.6 | (9.4) | 12.1 | 0.0 | 32.0 | 7.3 | 10.8 | (2.6) | 6.9 | 6.9 | 5.7 | 5.7 |
| Capital Expenditure | (0.8) | (0.0) | (0.0) | (0.1) | (0.2) | (0.1) | (0.0) | (0.4) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.1) | (0.4) | (0.1) | (0.1) | (0.1) | (0.1) | (0.0) | (0.2) | (0.0) | (0.0) | (0.0) | (0.2) | (0.2) |
| Free Cash Flow | 41.8 | (1.6) | (7.5) | 23.6 | 25.5 | 23.6 | 14.5 | 7.6 | 21.5 | 1.6 | 5.3 | (1.4) | 3.8 | 12.5 | (6.5) | 14.8 | 11.8 | 8.3 | 21.9 | 12.4 | 3.2 | (9.4) | 12.0 | (0.0) | 31.9 | 7.3 | 10.7 | (2.6) | 6.9 | 6.9 | 5.5 | 5.5 |