Marcus & Millichap, Inc. logo MMI - Marcus & Millichap, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 1
HOLD 2
SELL 1
STRONG
SELL
0
| PRICE TARGET: $26.00 DETAILS
HIGH: $26.00
LOW: $26.00
MEDIAN: $26.00
CONSENSUS: $26.00
DOWNSIDE: 9.82%
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 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3
Revenue
Revenue 171.5 243.9 193.9 172.3 145.0 240.1 168.5 158.4 129.1 166.2 162.0 162.9 154.8 262.4 323.8 396.0 319.5 495.1 332.4 284.9 184.0 250.2 158.6 117.4 190.7 237.9 198.2 209.6 160.7 230.3 210.6 199.4 174.5 202.8 183.3 180.4 153.2 189.2 180.6 183.4 164.3 203.2 165.9 173.5 146.5 172.4 150.9 134.3 114.6 149.1 112.0 105.5 69.4 147.6 91.2
Cost of Revenue 108.4 161.2 126.5 112.9 94.0 151.8 104.8 98.1 76.9 105.4 104.6 101.2 95.4 180.7 217.4 256.0 196.8 333.3 219.2 178.6 109.1 160.7 99.7 73.7 113.8 155.2 124.1 127.8 91.7 148.5 132.9 119.9 101.6 131.7 114.8 110.4 89.6 121.6 113.9 113.1 96.2 129.7 102.0 105.6 86.2 109.8 92.3 79.6 68.4 94.2 67.7 61.5 41.2 91.3 54.2
Gross Profit 63.0 82.7 67.4 59.4 51.0 88.3 63.8 60.3 52.2 60.8 57.4 61.7 59.4 81.7 106.5 139.9 122.7 161.8 113.2 106.4 74.9 89.5 58.9 43.7 77.0 82.7 74.1 81.7 69.0 81.8 77.7 79.5 72.9 71.0 68.5 70.0 63.6 67.5 66.8 70.3 68.1 73.5 63.9 67.9 60.4 62.6 58.6 54.7 46.2 54.9 44.2 44.0 28.1 56.3 37.0
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 0 0 0 0 0 0
SG&A Expenses 0 0 0 0 0 76.3 70.7 65.0 68.9 74.7 69.2 68.9 72.2 72.6 73.0 79.8 74.5 77.0 64.7 61.8 51.7 56.4 49.7 43.5 54.9 53.3 48.1 52.8 48.9 47.4 48.7 49.1 48.1 42.3 42.5 43.7 43.2 38.4 40.7 40.4 42.3 38.6 35.6 37.6 35.8 34.7 34.1 32.1 33.4 62.2 30.9 29.1 24.7 32.6 25.0
Other Expenses 68.8 67.1 69.2 67.6 68.9 5.3 4.5 3.3 3.4 3.3 3.6 3.5 3.2 3.2 2.9 3.3 3.9 2.9 2.9 3.0 3.0 3.1 2.6 2.8 2.5 2.3 1.9 1.9 1.8 1.8 1.7 1.5 1.4 1.4 1.4 1.3 1.3 1.2 1.1 1.0 1.0 0.9 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.7 0.8 0.8 0.8 0.7
Operating Expenses 68.8 67.1 69.2 67.6 68.9 81.6 75.2 68.3 72.3 78.0 72.8 72.4 75.4 75.9 75.9 83.2 78.4 79.9 67.5 64.8 54.7 59.5 52.3 46.3 57.3 55.6 50.0 54.8 50.8 49.3 50.3 50.6 49.4 43.6 43.9 45.0 44.5 39.6 41.9 41.4 43.3 39.6 36.4 38.4 36.6 35.5 34.9 32.9 34.1 63.0 31.6 29.8 25.5 33.3 25.7
Operating Income
Operating Income (5.8) 15.7 (1.8) (8.3) (17.9) 6.7 (11.5) (8.0) (20.1) (17.2) (15.4) (10.7) (16.1) 5.9 30.6 56.7 44.2 81.9 45.7 41.6 20.2 30.1 6.5 (2.6) 19.6 27.1 24.1 27.0 18.3 32.5 27.4 28.9 23.5 27.4 24.7 25.0 19.0 27.9 24.9 28.8 24.9 33.9 27.4 29.5 23.8 27.1 23.7 21.7 12.1 (8.2) 12.6 14.2 2.7 23.0 11.3
Interest Expense 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.3 0.4 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.6 0.4 0.4 0.4 0.4 0 0 0 0 0 0
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 0.4 22.8 4.4 (0.4) (10.9) 17.0 (1.6) 0.1 (11.1) (8.2) (7.4) (2.3) (8.0) 13.5 34.5 59.6 48.6 86.6 48.8 45.9 24.2 35.6 10.8 3.1 21.7 32.9 28.6 32.0 23.5 35.5 31.2 32.2 26.0 30.4 27.2 27.3 21.2 29.7 26.8 30.5 26.1 35.3 27.8 30.7 24.7 28.0 24.2 22.9 12.8 (7.4) 13.6 14.9 3.7 23.7 12.0
EBIT (2.0) 19.4 1.7 (3.5) (13.7) 11.7 (6.1) (3.2) (14.5) (11.5) (11.0) (5.8) (11.3) 10.2 31.5 56.3 44.7 83.7 46.0 43.0 21.2 32.5 8.2 0.4 19.3 30.5 26.6 30.1 21.6 33.8 29.5 30.7 24.7 29.0 25.9 26.0 19.9 28.5 25.6 29.4 25.1 34.4 27.0 29.9 23.9 27.2 23.4 22.1 12.0 (8.2) 12.9 14.2 2.9 23.0 11.3
Income Before Tax (2.2) 19.2 1.5 (3.7) (13.9) 11.5 (6.4) (3.4) (14.7) (11.7) (11.2) (6.0) (11.5) 10.1 31.3 56.1 44.5 83.5 45.8 42.8 21.1 32.3 8.0 0.1 19.0 30.1 26.3 29.8 21.3 33.4 29.2 30.3 24.3 28.6 25.5 25.6 19.5 28.1 25.2 29.1 24.7 34.0 26.6 29.5 23.3 26.7 23.0 21.7 11.6 (8.0) 12.9 14.2 2.9 23.1 11.3
Income Tax Expense 0.9 5.9 1.2 7.3 (9.5) 2.9 (1.0) 2.1 (4.7) (1.5) (2.0) 2.7 (5.6) 2.2 9.9 14.0 11.8 21.5 11.9 11.3 6.1 8.7 1.9 0.0 5.9 9.4 7.0 8.5 5.7 7.2 8.3 8.2 6.3 20.1 10.0 10.1 7.5 10.9 10.1 11.5 9.9 14.0 11.4 11.9 9.6 10.3 9.5 8.9 4.8 0.7 5.6 6.2 1.3 10.0 4.9
Net Income (3.1) 13.3 0.2 (11.0) (4.4) 8.5 (5.4) (5.5) (10.0) (10.2) (9.2) (8.7) (5.8) 7.9 21.4 42.2 32.8 62.0 33.9 31.5 15.0 23.6 6.0 0.1 13.1 20.7 19.3 21.3 15.6 26.2 20.9 22.2 18.0 8.5 15.5 15.6 12 17.2 15.1 17.5 14.8 19.9 15.2 17.6 13.7 16.4 13.5 12.8 6.8 (8.7) 7.3 8.0 1.6 13.0 6.4
Per Share Data
EPS (Basic) -0.08 0.34 0.01 -0.28 -0.11 0.22 -0.14 -0.14 -0.26 -0.27 -0.24 -0.23 -0.15 0.20 0.53 1.05 0.82 1.55 0.85 0.79 0.38 0.59 0.15 0.00 0.33 0.53 0.49 0.54 0.40 0.67 0.53 0.57 0.46 0.22 0.40 0.40 0.31 0.44 0.39 0.45 0.38 0.51 0.39 0.45 0.35 0.42 0.35 0.33 0.17 -0.22 0.20 0.21 0.04 0.34 0.17
EPS (Diluted) -0.08 0.34 0.01 -0.28 -0.11 0.22 -0.14 -0.14 -0.26 -0.27 -0.24 -0.23 -0.15 0.20 0.53 1.05 0.81 1.53 0.84 0.78 0.37 0.59 0.15 0.00 0.33 0.52 0.49 0.54 0.40 0.66 0.53 0.56 0.46 0.22 0.39 0.40 0.31 0.44 0.39 0.45 0.38 0.51 0.39 0.45 0.35 0.42 0.35 0.33 0.17 -0.22 0.20 0.21 0.04 0.34 0.17
Shares Outstanding 38.2 38.8 39.0 39.0 38.9 38.8 38.6 38.7 38.4 38.4 38.5 38.5 39.2 39.5 40.1 40.0 40.0 40.0 39.9 39.9 39.8 39.7 39.7 39.6 39.5 39.5 39.4 39.4 39.3 39.2 39.2 39.2 39.1 39.0 39.0 39.0 38.9 38.8 38.9 38.9 38.9 38.8 38.9 38.9 39.0 38.9 38.8 38.8 38.8 38.8 35.7 37.9 37.9 37.9 37.9
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 125.0 161.9 106.3 75.1 139.0 153.4 172.7 162.0 90.6 170.8 224.2 171.2 228.0 235.9 270.9 211.7 315.7 382.1 281.0 230.4 221.7 243.2 173.1 154.9 189.8 232.7 226.1 206.8 198.1 214.7 181.0 240.0 199.4 220.8 182.7 163.8 129.0 187.4 122.0 92.4 76.9
Short-Term Investments 62.3 90.6 135.4 143.1 125.8 196.0 127.4 130.4 207.8 178.4 126.2 164.9 132.5 253.4 211.8 253.0 219.0 183.9 116.9 147.2 134.5 158.3 169.5 169.8 143.9 150.8 124.5 118.9 121.1 137.4 120.7 85.5 94.8 73.6 82.8 72.3 56.9 27.5 48.4 81.8 75.1
Net Receivables 33.3 14.9 41.2 61.2 13.5 45.7 41.6 38.8 33.2 16.2 14.8 10.0 9.8 21.9 11.8 14.2 13.9 23.7 15.4 15.0 8.2 10.4 6.8 5.0 3.6 5.0 8.7 8.1 8.6 8.9 9.0 10.1 5.6 13.3 6.4 6.7 4.6 7.0 6.7 6.8 4.6
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 9.3 9.6 8.8 7.9 6.5 7.7 7.4 9.7 5.8 7.0 6.5 8.1 7.0 5.5 5.4
Other Current Assets 11.5 41.9 11.0 10.8 35.9 0 7.2 4.9 4.4 19.6 18.3 26.8 26.1 0 12.7 5.9 6.0 0.0 4.4 8.4 7.7 7.1 15.1 9.7 5.8 11.1 17.8 8.7 3.7 2.5 4.3 1.9 1.9 3.2 3.1 2.8 7.9 4.1 2.0 3.1 5.5
Total Current Assets 245.1 309.2 309.8 302.1 325.1 410.3 356.5 344.0 343.5 393.7 389.9 381.7 405.2 527.1 515.8 498.4 570.8 608.1 430.0 411.3 382.2 429.1 373.3 347.7 352.1 410.2 386.3 352.0 340.2 371.3 321.4 344.9 309.1 320.4 280.5 252.3 204.9 234.0 185.6 189.2 167.5
Non-Current Assets
Property, Plant & Equipment 95.2 98.2 99.7 103.6 105.6 107.3 111.4 116.6 120.8 117.5 125.0 131.2 136.1 115.6 110.8 109.7 101.2 104.7 108.1 109.2 104.0 107.5 105.6 109.5 111.6 113.2 111.8 113.9 103.8 19.6 18.2 17.2 17.1 17.2 17.1 17.1 16.3 16.4 15.6 14.3 12.4
Goodwill 37.8 0 37.8 37.9 37.6 37.6 37.9 37.9 37.9 38.0 37.9 38.0 37.9 37.9 38.1 38.1 38.1 34.1 34.1 34.1 34.0 33.4 24.3 24.3 19.1 15.1 11.5 11.5 11.5 11.5 4.2 4.2 0 0 0 0 0 0 0 0 0
Intangible Assets 3.4 41.7 4.3 4.8 5.4 5.9 8.9 11.1 12.1 13.1 14.2 15.5 16.6 17.8 19.0 20.2 22.3 15.9 16.8 17.8 18.8 20.6 14.6 15.6 14.1 9.2 5.2 5.5 5.9 6.1 3.8 3.7 5.6 13.3 6.4 6.7 4.6 7.0 6.7 6.8 4.6
Long-Term Investments 151.0 159.2 144.2 119.7 70.6 60.6 64.1 58.2 62.7 67.5 70.5 80.2 80.0 78.1 98.8 87.1 62.5 122.1 140.0 97.5 66.9 47.8 46.5 42.8 45.2 60.8 70.8 80.3 75.0 83.2 85.1 31.9 35.6 52.1 45.4 51.3 66.5 77.5 94.3 64.2 57.0
Other Non-Current Assets 178.4 174.3 168.0 174.1 200.3 200.0 204.7 208.0 197.9 201.6 244.7 236.8 234.6 185.9 217.4 178.1 151.8 126.5 121.7 147.9 145.0 140.9 131.8 130.9 128.2 100.6 60.5 60.0 48.9 53.9 56.2 53.0 8.8 23.2 23.0 21.5 7.6 10.0 9.1 9.7 10.0
Total Non-Current Assets 509.9 518.0 502.7 490.1 476.9 459.5 477.2 481.4 483.1 484.7 492.3 501.8 505.3 476.6 484.1 468.4 409.3 437.1 445.1 406.4 368.8 350.0 322.8 323.1 318.3 298.9 278.3 287.7 263.3 195.0 188.8 129.2 123.9 139.2 143.1 147.6 158.5 160.0 174.4 140.6 130.0
Total Assets 755.0 827.2 812.5 792.2 802.0 869.8 833.7 825.4 826.7 878.4 882.1 883.5 910.5 1,003.7 999.9 966.8 980.2 1,045.2 875.1 817.8 751.1 779.1 696.1 670.8 670.3 709.0 664.6 639.7 603.5 566.4 510.1 474.2 433.0 459.7 423.6 399.9 363.5 394.0 360.0 329.8 297.6
Current Liabilities
Account Payables 11.2 11.0 14.7 10.9 9.6 13.7 12.6 10.0 9.4 8.1 9.1 11.9 12.4 11.4 10.1 13.0 24.4 15.5 20.0 12.6 10.7 10.0 7.0 7.4 7.8 9.4 11.0 11.1 13.2 9.9 8.5 8.1 6.5 9.2 8.6 9.1 8.0 9.5 9.0 8.1 8.3
Short-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 6.6 6.6 24.1 24.0 18.4 1.1 1.1 1.1 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 0.9
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 (17.5) (17.4) (17.4) 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 50.2 91.6 66.5 54.8 45.6 98.4 70.7 63.4 54.3 77.3 14.4 4.9 20.8 120.4 20.6 62.3 55.0 123.5 53.1 10.6 16.6 11.9 3.5 3.4 2.7 1.3 14.9 14.2 8.6 5.6 6.0 0.2 26.9 49.2 29.5 30.4 0 0 4.2 29.0 21.6
Total Current Liabilities 92.5 121.4 113.2 87.0 86.2 133.0 113.2 93.1 92.6 105.3 103.4 89.1 102.9 152.0 146.6 128.0 192.3 225.6 130.6 115.5 91.3 120.3 76.0 58.6 65.5 101.8 84.5 80.8 73.4 92.9 68.8 60.6 48.3 83.3 60.7 58.1 40.9 78.2 64.8 53.2 39.9
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 6.6 6.6 6.6 6.6 7.7 7.7 7.7 7.7 8.7 8.7 8.7 8.7 9.7
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 36.7 43.2 37.8 33.6 33.1 40.3 36.1 35.1 34.6 58.5 55.5 51.8 42.7 73.1 66.4 58.2 56.2 64.9 51.3 44.1 41.0 52.6 42.1 39.1 33.8 49.2 43.7 41.0 39.0 57.4 52.1 48.1 43.6 53.9 47.9 44.5 42.4 48.3 44.6 42.9 43.1
Total Non-Current Liabilities 93.4 102.6 97.1 97.4 98.2 106.0 102.8 105.7 108.5 127.9 129.4 130.5 125.4 138.2 129.3 121.5 112.5 123.3 112.2 105.4 98.1 112.0 99.1 99.3 95.5 112.3 108.0 108.4 104.1 64.0 58.7 54.7 51.3 61.5 55.6 52.2 51.1 57.0 53.3 51.6 52.8
Total Liabilities 185.9 224.1 210.3 184.4 184.5 239.0 216.0 198.8 201.1 233.1 232.8 219.6 228.3 290.2 275.9 249.6 304.8 348.9 242.8 220.9 189.4 232.3 175.1 157.9 161.0 214.1 192.5 189.2 177.4 156.8 127.4 115.3 99.6 144.8 116.2 110.3 92.0 135.2 118.1 104.8 92.6
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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 373.3 409.8 415.3 425.8 443.8 458.9 450.6 466.1 471.7 492.3 507.0 526.4 551.7 585.6 599.7 596.4 554.2 573.5 511.5 477.6 446.1 431.1 407.5 401.4 401.3 388.3 367.6 348.3 327.0 311.3 285.1 264.3 242.1 224.1 215.6 200.1 184.5 172.6 155.4 140.3 122.8
Accumulated Other Comprehensive Income (0.5) 0.4 0.2 0.3 (1.1) (1.4) 0.1 (1.4) (1.3) (0.8) (2.9) (2.6) (2.4) (3.6) (3.9) (3.0) (1.6) 0.9 1.7 1.8 1.8 2.6 3.0 3.2 2.4 2.0 2.4 2.2 1.5 0.8 0.2 0.3 0.5 0.9 1.1 1.0 0.9 0.8 1.5 1.6 1.2
Total Stockholders' Equity 569.1 603.1 602.2 607.8 617.6 630.8 617.7 626.7 625.6 645.3 649.4 663.9 682.2 713.5 724.0 717.2 675.4 696.3 632.3 596.9 561.7 546.8 521.0 512.9 509.3 494.9 472.1 450.5 426.1 409.6 382.7 358.9 333.4 314.9 307.3 289.6 271.4 258.9 241.9 225.0 204.9
Total Liabilities & Equity 755.0 827.2 812.5 792.2 802.0 869.8 833.7 825.4 826.7 878.4 882.1 883.5 910.5 1,003.7 999.9 966.8 980.2 1,045.2 875.1 817.8 751.1 779.1 696.1 670.8 670.3 709.0 664.6 639.7 603.5 566.4 510.1 474.2 433.0 459.7 423.6 399.9 363.5 394.0 360.0 329.8 297.6
Debt Metrics
Total Debt 75.0 78.3 78.6 82.4 83.9 84.2 84.8 88.4 91.5 87.7 92.2 96.5 99.7 82.1 81.5 82.0 74.6 77.3 80.7 81.5 76.3 78.6 75.0 78.1 86.0 87.5 88.4 91.4 83.5 7.7 7.7 7.7 8.7 8.7 8.7 8.7 9.7 9.7 9.7 9.7 10.6
Net Debt (50.0) (83.7) (27.8) 7.3 (55.1) (69.2) (87.9) (73.5) 0.9 (83.0) (132.0) (74.7) (128.3) (153.8) (189.3) (129.7) (241.1) (304.8) (200.3) (149.0) (145.4) (164.6) (98.2) (76.7) (103.8) (145.2) (137.7) (115.4) (114.6) (207.0) (173.4) (232.4) (190.7) (212.1) (174.0) (155.1) (119.4) (177.7) (112.3) (82.8) (66.3)
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 (3.1) 13.3 0.2 (11.0) (4.4) 8.5 (5.4) (5.5) (10.0) (10.2) (9.2) (8.7) (5.8) 7.9 21.4 42.2 32.8 62.0 33.9 31.5 15.0 23.6 6.0 0.1 13.1 20.7 19.3 21.3 15.6 26.2 20.9 22.2 18.0 8.5 15.5 15.6 12 17.2 15.1 17.5 14.8
Depreciation & Amortization 2.4 3.4 2.7 3.2 2.8 5.3 4.5 3.3 3.4 3.3 3.6 3.5 3.2 3.2 2.9 3.3 3.9 2.9 2.9 3.0 3.0 3.1 2.6 2.8 2.5 2.3 1.9 1.9 1.8 1.8 1.7 1.5 1.4 1.4 1.4 1.3 1.3 1.2 1.1 1.0 1.0
Stock-Based Compensation 0 5.9 6.0 6.2 6.2 6.0 6.1 5.9 5.8 8.3 5.4 5.4 5.0 4.6 4.5 4.3 3.9 2.7 2.7 2.7 2.3 2.4 2.4 0 2.6 0 2.1 2.6 2.3 3.1 3.1 3.2 2.6 3.0 2.2 2.1 1.9 2.1 1.8 1.8 1.3
Change in Working Capital (40.1) 13.6 37.6 10.0 (55.6) 27.7 4.6 (10.7) (50.6) 7.7 11.9 (2.2) (113.2) 8.8 7.7 (39.5) (114.7) 87.3 23.8 10.9 (47.0) 37.4 4.8 (12.5) (79.1) 4.5 (10.9) (23.3) (60.5) 30.5 8.8 9.3 (36.7) 16.7 5.4 18.6 (53.4) 11.9 12.6 11.6 (37.9)
Other Non-Cash Items 13.2 (9.1) 4.4 5.4 7.7 6.9 6.4 5.7 5.1 7.1 6.0 6.8 6.1 4.6 5.7 6.7 5.5 10.4 6.4 5.7 5.7 5.5 5.9 10.6 6.8 3.8 5.9 10.1 (0.1) 0.2 (0.2) 0.2 (0.1) 0.3 0.0 0.0 (0.1) (2.4) 0.1 0.1 0.1
Operating Cash Flow (27.6) 46.3 52.2 21.0 (52.8) 56.7 15.2 0.9 (51.0) 14.7 7.7 6.4 (101.2) 25.4 40.1 15.7 (67.5) 156.3 66.1 53.6 (20.1) 66.4 23.6 0.9 (52.8) 31.3 18.3 14.2 (38.6) 62.3 32.0 36.0 (13.0) 41.2 24.9 37.5 (37.1) 33.0 29.3 31.3 (19.0)
Investing Activities
Capital Expenditure (3.0) (2.4) (2.3) (1.7) (1.5) (1.5) (2.0) (1.7) (2.6) (1.7) (2.2) (2.6) (2.9) (3.1) (3.5) (3.1) (1.9) (2.6) (1.5) (1.7) (1.1) (1.5) (1.2) (1.8) (2.4) (2.2) (2.5) (2.5) (1.6) (3.5) (1.9) (1.3) (1.4) (1.6) (1.6) (2.0) (1.4) (2.4) (2.8) (1.9) (2.3)
Acquisitions 0 0 0 0 0 0 0 0 0 0 (48.6) 0 0 0 0 0 (12.5) 0 0 0 0.2 (4.5) 0 (5.8) (6) (6.1) 0 0 0 (7.9) (0.8) (6.2) 0 0 0 0 0.0 0.0 0.0 0.0 0
Purchases of Investments (34.4) (41.9) (87.1) (136.7) (61.3) (82.5) (39.7) (2.5) (66.0) (131.3) (33.1) (75.8) (67.0) (104.1) (102.4) (133.7) (40.6) (87.0) (101.0) (118.2) (81.3) (36.4) (84.0) (66.3) (28.9) (52.3) (36.4) (49.2) (30.1) (39.8) (111.3) (22.1) (35.4) (27.5) (12.1) (2.5) (23.0) (10.6) (36.5) (46.8) (14.0)
Sales/Maturities of Investments 71.2 69.7 70.2 71.3 119.9 18.9 38.3 84.5 47.1 79.1 81.7 43.5 187.3 84.5 131.3 73.2 62.0 37.1 88.6 74.9 85.1 46.5 80.2 44.4 50.6 36.1 40.5 47.3 55.8 25.9 23.1 34.9 30.1 29.8 7.7 2.5 4.7 47.1 39.6 33.7 17.1
Other Investing Activities 0 0 (0.0) (0.1) 0 (0.1) 0 0.0 0 (0.0) 48.6 (0.1) 0.0 (0.0) 0 0.1 (0.1) 0 0.0 0.0 0.2 0.1 0.1 0 (0.2) 0 (0.2) (2.0) 0.0 (0.3) 0.0 0.0 (0.1) (0.0) (0.1) (0.1) (0.3) (0.1) (0.1) (0.2) (0.1)
Investing Cash Flow 33.8 25.4 (19.1) (67.2) 57.2 (65.2) (3.5) 80.4 (21.6) (53.9) 46.4 (35.0) 117.4 (22.7) 25.3 (63.6) 7.0 (52.6) (13.9) (45.0) 3.1 4.2 (4.9) (29.6) 13.1 (24.5) 1.5 (4.4) 24.1 (25.7) (90.9) 5.4 (6.8) 0.7 (6.0) (2.1) (19.9) 34.1 0.3 (15.2) 0.7
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) (6.6) 0 (1.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (24.9) (17.4) (0.6) (7.0) (0.4) (0.2) 0 0 (0.6) (4.5) (0.4) (18.2) (16.7) (23.4) (5.7) 0 0 0 0 0 0 0 0 0 0 0 (0.1) (0.4) (2.2) 0 (0.1) (0.1) (1.6) 0 (0.0) (0.0) (1.4) 0 (0.0) (0.0) (1.1)
Dividends Paid 0 (9.8) (0.2) (9.9) (0.7) (9.7) (0.1) (9.7) (0.6) (9.7) (0.1) (9.9) (0.4) (10.2) (0.1) (50.1) 0 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 (6.6) (0.3) (0.8) (0.9) (7.0) (0.4) (1.0) 0.0 (6.4) (0.2) (0.5) (0.2) (6.9) (4.5) (0.1) (5.9) (5.9) 0.2 (1.6) 0.1 (4.5) (0.5) (0.5) (0.2) (2.9) 0.3 (0.4) (1.2) (2.0) (3.2) (0.1) (0.7) (1.6) (4.0) (0.0) (0.6) (1.4) (1.9) (0.0) (0.6) (0.9)
Financing Cash Flow (31.5) (27.2) (1.6) (17.8) (8.1) (10.4) (1.1) (9.7) (7.5) (14.4) (0.9) (28.4) (24.0) (37.8) (5.9) (56.0) (5.9) 0.2 (1.6) 0.1 (4.5) (0.5) (0.5) (6.4) (2.9) (0.2) (0.4) (1.2) (2.0) (3.0) (0.1) (0.7) (1.6) (3.7) (0.0) (0.6) (1.4) (1.6) (0.0) (0.6) (0.9)
Cash Position
Net Change in Cash (25.4) 44.6 31.4 (63.8) (3.7) (19.3) 10.7 71.4 (80.2) (53.4) 53.0 (56.8) (7.8) (35.0) 59.2 (104.0) (66.4) 101.1 50.6 8.7 (21.4) 70.0 18.2 (34.9) (42.9) 6.6 19.3 8.6 (16.6) 33.7 (59.0) 40.6 (21.4) 38.1 18.8 34.8 (58.3) 65.4 29.5 15.5 (19.3)
Cash at Beginning 161.9 117.4 86.0 149.7 153.4 172.7 162.0 90.6 170.8 224.2 171.2 228.0 235.9 270.9 211.7 315.7 382.1 281.0 230.4 221.7 243.2 173.1 154.9 189.8 232.7 226.1 206.8 198.1 214.7 181.0 240.0 199.4 220.8 182.7 163.8 129.0 187.4 122.0 92.4 76.9 96.2
Cash at End 136.5 161.9 117.4 86.0 149.7 153.4 172.7 162.0 90.6 170.8 224.2 171.2 228.0 235.9 270.9 211.7 315.7 382.1 281.0 230.4 221.7 243.2 173.1 154.9 189.8 232.7 226.1 206.8 198.1 214.7 181.0 240.0 199.4 220.8 182.7 163.8 129.0 187.4 122.0 92.4 76.9
Free Cash Flow (30.5) 43.9 50.0 19.3 (54.3) 55.1 13.2 (0.8) (53.7) 13.0 5.4 3.8 (104.1) 22.3 36.5 12.6 (69.4) 153.7 64.7 51.9 (21.2) 64.8 22.4 (0.8) (55.2) 29.2 15.8 11.8 (40.2) 58.8 30.0 34.8 (14.4) 39.6 23.3 35.5 (38.5) 30.5 26.5 29.4 (21.4)
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 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3
Income Statement
Revenue 171.5 243.9 193.9 172.3 145.0 240.1 168.5 158.4 129.1 166.2 162.0 162.9 154.8 262.4 323.8 396.0 319.5 495.1 332.4 284.9 184.0 250.2 158.6 117.4 190.7 237.9 198.2 209.6 160.7 230.3 210.6 199.4 174.5 202.8 183.3 180.4 153.2 189.2 180.6 183.4 164.3 203.2 165.9 173.5 146.5 172.4 150.9 134.3 114.6 149.1 112.0 105.5 69.4 147.6 91.2
Gross Profit 63.0 82.7 67.4 59.4 51.0 88.3 63.8 60.3 52.2 60.8 57.4 61.7 59.4 81.7 106.5 139.9 122.7 161.8 113.2 106.4 74.9 89.5 58.9 43.7 77.0 82.7 74.1 81.7 69.0 81.8 77.7 79.5 72.9 71.0 68.5 70.0 63.6 67.5 66.8 70.3 68.1 73.5 63.9 67.9 60.4 62.6 58.6 54.7 46.2 54.9 44.2 44.0 28.1 56.3 37.0
Operating Income (5.8) 15.7 (1.8) (8.3) (17.9) 6.7 (11.5) (8.0) (20.1) (17.2) (15.4) (10.7) (16.1) 5.9 30.6 56.7 44.2 81.9 45.7 41.6 20.2 30.1 6.5 (2.6) 19.6 27.1 24.1 27.0 18.3 32.5 27.4 28.9 23.5 27.4 24.7 25.0 19.0 27.9 24.9 28.8 24.9 33.9 27.4 29.5 23.8 27.1 23.7 21.7 12.1 (8.2) 12.6 14.2 2.7 23.0 11.3
Net Income (3.1) 13.3 0.2 (11.0) (4.4) 8.5 (5.4) (5.5) (10.0) (10.2) (9.2) (8.7) (5.8) 7.9 21.4 42.2 32.8 62.0 33.9 31.5 15.0 23.6 6.0 0.1 13.1 20.7 19.3 21.3 15.6 26.2 20.9 22.2 18.0 8.5 15.5 15.6 12 17.2 15.1 17.5 14.8 19.9 15.2 17.6 13.7 16.4 13.5 12.8 6.8 (8.7) 7.3 8.0 1.6 13.0 6.4
EPS (Diluted) -0.08 0.34 0.01 -0.28 -0.11 0.22 -0.14 -0.14 -0.26 -0.27 -0.24 -0.23 -0.15 0.20 0.53 1.05 0.81 1.53 0.84 0.78 0.37 0.59 0.15 0.00 0.33 0.52 0.49 0.54 0.40 0.66 0.53 0.56 0.46 0.22 0.39 0.40 0.31 0.44 0.39 0.45 0.38 0.51 0.39 0.45 0.35 0.42 0.35 0.33 0.17 -0.22 0.20 0.21 0.04 0.34 0.17
Balance Sheet
Cash & Equivalents 125.0 161.9 106.3 75.1 139.0 153.4 172.7 162.0 90.6 170.8 224.2 171.2 228.0 235.9 270.9 211.7 315.7 382.1 281.0 230.4 221.7 243.2 173.1 154.9 189.8 232.7 226.1 206.8 198.1 214.7 181.0 240.0 199.4 220.8 182.7 163.8 129.0 187.4 122.0 92.4 76.9
Total Assets 755.0 827.2 812.5 792.2 802.0 869.8 833.7 825.4 826.7 878.4 882.1 883.5 910.5 1,003.7 999.9 966.8 980.2 1,045.2 875.1 817.8 751.1 779.1 696.1 670.8 670.3 709.0 664.6 639.7 603.5 566.4 510.1 474.2 433.0 459.7 423.6 399.9 363.5 394.0 360.0 329.8 297.6
Total Debt 75.0 78.3 78.6 82.4 83.9 84.2 84.8 88.4 91.5 87.7 92.2 96.5 99.7 82.1 81.5 82.0 74.6 77.3 80.7 81.5 76.3 78.6 75.0 78.1 86.0 87.5 88.4 91.4 83.5 7.7 7.7 7.7 8.7 8.7 8.7 8.7 9.7 9.7 9.7 9.7 10.6
Stockholders' Equity 569.1 603.1 602.2 607.8 617.6 630.8 617.7 626.7 625.6 645.3 649.4 663.9 682.2 713.5 724.0 717.2 675.4 696.3 632.3 596.9 561.7 546.8 521.0 512.9 509.3 494.9 472.1 450.5 426.1 409.6 382.7 358.9 333.4 314.9 307.3 289.6 271.4 258.9 241.9 225.0 204.9
Cash Flow
Operating Cash Flow (27.6) 46.3 52.2 21.0 (52.8) 56.7 15.2 0.9 (51.0) 14.7 7.7 6.4 (101.2) 25.4 40.1 15.7 (67.5) 156.3 66.1 53.6 (20.1) 66.4 23.6 0.9 (52.8) 31.3 18.3 14.2 (38.6) 62.3 32.0 36.0 (13.0) 41.2 24.9 37.5 (37.1) 33.0 29.3 31.3 (19.0)
Capital Expenditure (3.0) (2.4) (2.3) (1.7) (1.5) (1.5) (2.0) (1.7) (2.6) (1.7) (2.2) (2.6) (2.9) (3.1) (3.5) (3.1) (1.9) (2.6) (1.5) (1.7) (1.1) (1.5) (1.2) (1.8) (2.4) (2.2) (2.5) (2.5) (1.6) (3.5) (1.9) (1.3) (1.4) (1.6) (1.6) (2.0) (1.4) (2.4) (2.8) (1.9) (2.3)
Free Cash Flow (30.5) 43.9 50.0 19.3 (54.3) 55.1 13.2 (0.8) (53.7) 13.0 5.4 3.8 (104.1) 22.3 36.5 12.6 (69.4) 153.7 64.7 51.9 (21.2) 64.8 22.4 (0.8) (55.2) 29.2 15.8 11.8 (40.2) 58.8 30.0 34.8 (14.4) 39.6 23.3 35.5 (38.5) 30.5 26.5 29.4 (21.4)