MNMD - Mind Medicine (MindMed) Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$20.00
DETAILS
HIGH:
$28.00
LOW:
$14.00
MEDIAN:
$20.00
CONSENSUS:
$20.00
DOWNSIDE:
3.33%
| 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 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||
| 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 |
| Cost of Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 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 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.5) | 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 |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| R&D Expenses | 41.5 | 33.5 | 31.0 | 29.8 | 23.4 | 21.8 | 17.2 | 14.6 | 11.2 | 11.5 | 13.2 | 14.8 | 12.6 | 8.8 | 7.8 | 9.3 | 10.2 | 10.9 | 9.0 | 8.1 | 6.8 | 8.2 | 5.3 | 2.7 | 1.8 | 0.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 17.7 | 14.1 | 14.7 | 11.1 | 8.8 | 10.7 | 7.6 | 9.8 | 10.5 | 10.7 | 8.4 | 14.4 | 8.3 | 5.1 | 9.2 | 7.6 | 8.3 | 6.7 | 8.2 | 37.1 | 6.7 | 7.4 | 2.1 | 3.2 | 2.3 | 1.1 | 0.2 | 0.1 | 0.1 | 0.2 | 0.5 | 0.2 | 0.2 | 0.2 | 0.4 | 0.3 | 0.3 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.3 | 17.5 | 0 | 0 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 59.2 | 47.6 | 45.7 | 40.9 | 32.2 | 32.5 | 24.8 | 24.5 | 21.7 | 22.2 | 21.6 | 29.2 | 20.9 | 13.9 | 17.0 | 16.9 | 18.5 | 17.6 | 17.2 | 45.2 | 13.8 | 33.0 | 7.5 | 5.9 | 4.2 | 1.6 | 0.2 | 0.1 | 0.1 | 0.2 | 0.5 | 0.2 | 0.2 | 0.2 | 0.4 | 0.3 | 0.3 |
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (59.2) | (47.6) | (45.7) | (40.9) | (32.2) | (32.5) | (24.8) | (24.5) | (22.2) | (22.2) | (21.6) | (29.2) | (20.9) | (13.9) | (17.0) | (16.9) | (18.5) | (17.6) | (17.2) | (45.2) | (13.8) | (33.0) | (7.5) | (5.9) | (4.2) | (1.6) | (0.2) | (0.1) | (0.1) | (0.2) | (0.5) | (0.2) | (0.2) | (0.2) | (0.4) | (0.3) | (0.3) |
| Interest Expense | 1.2 | 4.6 | 1.3 | 2.3 | 0.6 | 0.7 | 0.7 | 0.5 | 0.4 | 0 | 0 | 0.1 | 0.1 | 0 | 0 | – | 0.0 | 0.4 | 0.1 | 0.1 | 0 | 0.2 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 3.5 | 3.5 | 2.3 | 2.8 | 2.4 | 3.3 | 3.5 | 3.1 | 1.7 | 0.9 | 1.2 | 1.4 | 1.4 | 1.1 | 0.4 | 0.1 | 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 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | |||||||||||||||||||||||||||||||||||||
| EBITDA | (59.2) | (45.8) | (66.0) | (40.4) | (22.7) | (34.1) | (1.1) | (5.4) | (53.4) | (21.4) | (16.8) | (28.3) | (23.9) | (13.1) | (16.2) | (16.1) | (17.7) | (17.6) | (16.4) | (44.4) | (12.4) | (15.0) | (7.5) | (5.9) | (4.1) | (1.5) | (0.2) | (0.2) | (0.1) | (0.2) | (0.5) | (0.2) | (0.2) | (0.5) | (0.4) | (0.3) | (0.3) |
| EBIT | (59.2) | (45.8) | (66.0) | (40.4) | (22.7) | (34.1) | (13.0) | (5.4) | (54.0) | (22.2) | (17.6) | (29.1) | (24.7) | (13.9) | (17.0) | (16.9) | (18.5) | (17.6) | (17.2) | (45.2) | (13.5) | (15.1) | (7.6) | (6.0) | (4.2) | (1.6) | (0.2) | (0.2) | (0.1) | (0.2) | (0.5) | (0.2) | (0.2) | (0.5) | (0.4) | (0.3) | (0.3) |
| Income Before Tax | (77.1) | (50.4) | (67.3) | (42.7) | (23.3) | (34.7) | (13.7) | (5.9) | (54.4) | (23.9) | (17.9) | (29.1) | (24.8) | (4.9) | (16.5) | (17.0) | (18.5) | (18.0) | (17.2) | (45.3) | (13.8) | (12.5) | (8.7) | (5.7) | (7.0) | (1.6) | (0.2) | (0.2) | (0.1) | (0.2) | (0.5) | (0.2) | (0.2) | (0.5) | (0.4) | (0.3) | (0.3) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (1.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (77.1) | (50.4) | (67.3) | (42.7) | (23.3) | (34.7) | (13.7) | (5.9) | (54.4) | (23.9) | (17.9) | (29.1) | (24.8) | (4.9) | (16.5) | (17.0) | (18.5) | (16.8) | (17.2) | (45.3) | (13.8) | (12.5) | (8.7) | (5.7) | (7.0) | (1.6) | (0.2) | (0.2) | (0.1) | (0.2) | (0.5) | (0.2) | (0.2) | (0.5) | (0.4) | (0.3) | (0.3) |
| Per Share Data | |||||||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.71 | -0.51 | -0.78 | -0.50 | -0.27 | -0.41 | -0.18 | -0.08 | -1.14 | -0.59 | -0.45 | -0.76 | -0.65 | 0.11 | -0.55 | -0.60 | -0.66 | -3.32 | -0.83 | -1.34 | -0.57 | -0.48 | -0.46 | -0.33 | -0.52 | -0.08 | -0.41 | -0.47 | -0.36 | -0.62 | -1.51 | -0.78 | -0.53 | -1.67 | -1.75 | -1.35 | -2.05 |
| EPS (Diluted) | -0.71 | -0.50 | -0.78 | -0.50 | -0.27 | -0.41 | -0.17 | -0.08 | -1.14 | -0.59 | -0.45 | -0.76 | -0.65 | 0.11 | -0.55 | -0.60 | -0.66 | -3.32 | -0.83 | -1.33 | -0.57 | -0.48 | -0.46 | -0.33 | -0.52 | -0.08 | -0.41 | -0.47 | -0.36 | -0.62 | -1.51 | -0.78 | -0.53 | -1.67 | -1.75 | -1.35 | -2.05 |
| Shares Outstanding | 108.8 | 89.3 | 85.9 | 85.3 | 85.1 | 83.9 | 77.9 | 71.9 | 47.9 | 40.3 | 39.7 | 38.6 | 38.1 | 38.0 | 29.3 | 28.2 | 28.1 | 28.0 | 28.0 | 27.0 | 25.9 | 25.9 | 18.7 | 17.6 | 13.5 | 19.2 | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 |
| 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 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 262.5 | 257.8 | 20.0 | 33.4 | 82.9 | 273.7 | 295.3 | 243.1 | 252.3 | 99.7 | 117.7 | 116.9 | 129.4 | 142.1 | 154.5 | 105.7 | 120.5 | 133.5 | 145.9 | 157.1 | 160.0 | 80.1 | 18.2 | 24.1 | 20.5 | 0.0 | 0.0 | 0.3 | 0.0 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 |
| Short-Term Investments | 110.9 | 153.8 | 189.1 | 149.6 | 129.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0.8 | 1.7 | 2.0 | 1.1 | 0.3 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Other Current Assets | 7.1 | 7.7 | 6.8 | 6.1 | 9.3 | 7.9 | 4.1 | 4.6 | 3.1 | 4.2 | 2.4 | 2.9 | 3.0 | 0 | 0.2 | 0 | 0 | 3.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 380.6 | 419.3 | 215.8 | 189.1 | 221.7 | 281.6 | 299.4 | 247.7 | 255.5 | 103.9 | 120.1 | 119.8 | 132.4 | 146.1 | 156.5 | 109.1 | 123.2 | 137.2 | 146.5 | 158.6 | 162.3 | 81.5 | 18.9 | 24.9 | 21.1 | 2.9 | 0.1 | 0.3 | 0.1 | 0.2 | 0.1 | 0.5 | 1.0 | 1.8 | 2.2 | 1.3 | 0.3 |
| Non-Current Assets | |||||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 |
| Goodwill | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 19.9 | 10.0 | 10.0 | 10.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 1.3 | 2.1 | 2.9 | 3.7 | 4.5 | 5.3 | 6.1 | 6.9 | 22.0 | 25.2 | 28.5 | 0 | 4.8 | 5.0 | 5.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 54.9 | 33.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Other Non-Current Assets | 0.8 | 0.9 | 1.1 | 1.2 | 0.6 | 0.6 | 0.5 | 0.5 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.3 | 3.3 | 3.2 | 3.1 | 2.9 | 2.8 | 2.5 | 2.1 | 1.5 | 0.7 | 0.2 |
| Total Non-Current Assets | 20.7 | 20.8 | 21.1 | 76.0 | 53.6 | 20.5 | 20.4 | 20.5 | 20.1 | 20.7 | 21.5 | 22.3 | 23.1 | 23.9 | 24.4 | 25.2 | 26.0 | 26.8 | 32.1 | 35.3 | 38.5 | 0 | 4.8 | 5.0 | 5.1 | 0 | 3.5 | 3.5 | 3.4 | 3.3 | 3.1 | 3.0 | 2.7 | 2.3 | 1.8 | 1.0 | 0.5 |
| Total Assets | 401.3 | 440.1 | 236.9 | 265.1 | 275.3 | 302.2 | 319.8 | 268.1 | 275.5 | 124.5 | 141.6 | 142.1 | 155.5 | 170.0 | 180.9 | 134.3 | 149.2 | 164.0 | 178.6 | 193.9 | 200.8 | 81.5 | 23.7 | 29.8 | 26.2 | 2.9 | 3.5 | 3.8 | 3.5 | 3.5 | 3.3 | 3.5 | 3.7 | 4.0 | 4.0 | 2.2 | 0.8 |
| Current Liabilities | |||||||||||||||||||||||||||||||||||||
| Account Payables | 7.1 | 5.3 | 8.1 | 4.2 | 2.3 | 2.0 | 2.1 | 2.9 | 7.6 | 4.1 | 7.7 | 8.6 | 2.3 | 2.1 | 0.8 | 0.7 | 3.3 | 4.2 | 0 | 0 | 6.5 | 2.0 | 2.4 | 1.1 | 2.4 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0.0 | 0 | 0 | 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 |
| Other Current Liabilities | 74.0 | 61.4 | 57.3 | 24.1 | 21.1 | 30.4 | 31.1 | 36.2 | 50.5 | 21.0 | 17.0 | 19.4 | 16.9 | 13.0 | 20.9 | 2.2 | 3.7 | 2.3 | 5.8 | 10.7 | 0 | 0 | 1.6 | 0.6 | 0 | 0.2 | 0.1 | 0.3 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.3 | 0.2 | 0.0 | 0.0 |
| Total Current Liabilities | 81.1 | 66.7 | 65.4 | 38.0 | 30.5 | 38.8 | 33.3 | 41.8 | 65.3 | 32.2 | 31.2 | 35.1 | 24.1 | 17.9 | 26.0 | 7.9 | 10.6 | 10.4 | 5.8 | 10.7 | 6.5 | 3.0 | 4.0 | 2.1 | 2.4 | 0.2 | 0.1 | 0.3 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.3 | 0.2 | 0.0 | 0.0 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||||||
| Long-Term Debt | 40.8 | 0 | 0 | 41.2 | 22.0 | 21.9 | 24.3 | 24.3 | 14.2 | 14.1 | 14.1 | 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 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.8 | 6.8 | 6.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.6 | 41.1 | 40.9 | 0.5 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.3 | 1.0 | 1.1 | 1.2 | 1.3 | 1.9 | 1.9 | 1.9 | 0 | 0 | 0 | 2.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 41.3 | 41.1 | 40.9 | 41.7 | 22.0 | 21.9 | 24.3 | 24.3 | 14.2 | 14.2 | 14.4 | 1.0 | 1.1 | 1.2 | 1.3 | 1.9 | 1.9 | 1.9 | 6.8 | 6.8 | 6.8 | 2.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | 0 |
| Total Liabilities | 122.4 | 107.8 | 106.3 | 79.7 | 52.5 | 60.7 | 57.6 | 66.1 | 79.5 | 46.4 | 45.6 | 36.1 | 25.2 | 19.1 | 27.3 | 9.8 | 12.4 | 12.3 | 12.5 | 17.5 | 13.2 | 5.7 | 4.0 | 2.1 | 2.4 | 0.2 | 0.1 | 0.3 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.5 | 0.2 | 0.0 | 0.0 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 239.9 | 233.7 | 216.7 | 0 | 43.8 | 43.8 | 35.3 | 5.6 | 5.5 | 5.6 | 5.3 | 5.3 | 5.0 | 5.1 | 5.1 | 5.2 | 4.8 | 3.0 | 1.3 |
| Retained Earnings | (659.8) | (582.7) | (532.2) | (465.0) | (422.2) | (398.9) | (364.1) | (350.5) | (344.6) | (290.2) | (266.3) | (248.4) | (219.3) | (194.5) | (189.6) | (173.1) | (156.1) | (137.7) | (115.1) | (92.0) | (55.7) | (44.6) | (26.9) | (18.3) | (12.5) | (3.7) | (2.9) | (2.9) | (2.7) | (2.6) | (2.4) | (2.2) | (1.9) | (2.1) | (1.5) | (1.1) | (0.8) |
| Accumulated Other Comprehensive Income | 0.8 | 1.1 | 1.0 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.3 | 0.8 | 0.4 | 0.6 | 0.6 | 0.7 | 0.8 | 1.0 | 1.0 | 0.0 | 1.2 | 0.4 | 0.3 | 0 | 0.6 | 0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | (0.1) | (0.1) | (0.1) | (0.1) | (0.0) | (0.0) | 0 |
| Total Stockholders' Equity | 278.8 | 332.3 | 130.6 | 185.4 | 222.8 | 241.4 | 262.2 | 202.0 | 196.1 | 78.1 | 96.0 | 106.0 | 130.3 | 150.9 | 153.6 | 124.5 | 136.8 | 151.7 | 166.0 | 176.4 | 187.6 | 75.9 | 19.6 | 27.7 | 23.8 | 2.7 | 3.4 | 3.5 | 3.4 | 3.5 | 3.3 | 3.5 | 3.7 | 3.6 | 3.8 | 2.2 | 0.8 |
| Total Liabilities & Equity | 401.3 | 440.1 | 236.9 | 265.1 | 275.3 | 302.2 | 319.8 | 268.1 | 275.5 | 124.5 | 141.6 | 142.1 | 155.5 | 170.0 | 180.9 | 134.3 | 149.2 | 164.0 | 178.6 | 193.9 | 200.8 | 81.5 | 23.7 | 29.8 | 26.2 | 2.9 | 3.5 | 3.8 | 3.5 | 3.5 | 3.3 | 3.5 | 3.7 | 4.0 | 4.0 | 2.2 | 0.8 |
| Debt Metrics | |||||||||||||||||||||||||||||||||||||
| Total Debt | 40.8 | 0 | 0 | 41.2 | 22.0 | 21.9 | 24.3 | 24.3 | 14.2 | 14.1 | 14.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0.0 | 0 | 0 | 0 |
| Net Debt | (221.7) | (257.8) | (20.0) | 7.8 | (60.8) | (251.9) | (271.0) | (218.9) | (238.1) | (85.6) | (103.6) | (116.8) | (129.3) | (142.1) | (154.4) | (105.7) | (120.5) | (133.5) | (145.9) | (157.1) | (160.0) | (80.1) | (18.2) | (24.1) | (20.5) | (0.0) | (0.0) | (0.3) | (0.0) | (0.2) | (0.1) | 0.0 | (0.0) | 0.0 | (0.1) | (0.1) | (0.0) |
| 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 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||
| Net Income | (77.1) | (50.4) | (67.3) | (42.7) | (23.3) | (34.7) | (13.7) | (5.9) | (54.4) | (23.9) | (17.9) | (29.1) | (24.8) | (4.9) | (16.5) | (17.0) | (18.5) | (18.7) | (17.2) | (45.3) | (14.8) | (12.5) | (8.6) | (5.8) | (7.0) | (0.7) | (0.2) | (0.2) | (0.2) | (0.5) | (0.2) | (0.2) | (0.5) | (0.4) | (0.3) | (0.3) |
| Depreciation & Amortization | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | 0.8 | (5.1) | 0.8 | 0.8 | 1.2 | (0.4) | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 |
| Stock-Based Compensation | 7.1 | 11.4 | 5.8 | 5.3 | 3.4 | 3.4 | 3.8 | 5.4 | 3.7 | 3.7 | 4.2 | 3.8 | 3.8 | 1.4 | 4.3 | 4.3 | 3.8 | 11.0 | 4.1 | 33.0 | 0 | 5.1 | 4.0 | (2.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 5.4 | (4.5) | 8.1 | 8.1 | (2.5) | (0.2) | 4.1 | (3.5) | (0.7) | (3.8) | (1.1) | 9.5 | 1.7 | (2.1) | 0.6 | (3.3) | 1.9 | (1.2) | (5.2) | 1.9 | 2.2 | 2.2 | 1.1 | (1.1) | (0.2) | 0.1 | (0.1) | 0.2 | (0.0) | 0.0 | (0.0) | 0.0 | (0.1) | 0.1 | (0.0) | (0.1) |
| Other Non-Cash Items | 21.3 | 1.6 | 23.8 | (0.2) | (7.0) | 6.2 | (11.4) | (16.1) | 34.3 | 2.6 | (2.6) | 0.0 | 5.2 | (8.0) | 1.5 | 0.0 | (0.8) | 1.2 | 0.7 | (1.6) | 1.8 | (1.5) | (2.5) | 3.3 | 2.0 | 0.6 | 0.0 | 0.0 | 0.1 | 0.3 | 0.0 | 0 | 0.4 | 0.2 | 0.0 | 0.2 |
| Operating Cash Flow | (42.6) | (72.5) | (29.6) | (29.6) | (29.4) | (25.4) | (17.2) | (20.0) | (16.6) | (20.6) | (16.6) | (13.8) | (13.3) | (12.8) | (9.3) | (15.1) | (12.9) | (13.9) | (16.8) | (11.2) | (9.6) | (7.1) | (5.8) | (5.6) | (5.1) | 0.0 | (0.3) | 0.1 | (0.2) | (0.1) | (0.3) | (0.2) | (0.2) | (0.1) | (0.3) | (0.2) |
| Investing Activities | ||||||||||||||||||||||||||||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | (0.0) | 0 | 0 | 0 | (0.0) | 0 | (0.0) | 0.0 | (0.0) | 0 | 0.1 | (0.1) | 0.1 | (0.0) | 0.1 | (0.3) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0 | 0 | (0.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | 0 | (32.6) | (26.6) | (73.3) | (162.5) | 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 | (0.1) | 0.4 | (0.9) | (0.8) | (0.2) |
| Sales/Maturities of Investments | 42 | 83 | 42 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0.4 | 0.4 | 0.8 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (12.9) | 0 | 33.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.1) | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | (0.0) | (0.0) | 0 | 0.0 | (0.0) | 0.0 | 0 |
| Investing Cash Flow | 42 | 37.5 | 15.4 | (39.5) | (162.5) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | (0.0) | (0.1) | (0.5) | 0 | 0 | 0 | 0 | (0.0) | (0.0) | (0.1) | (0.1) | 0.2 | 0.2 | 0.2 | (0.1) | (1.8) | (1.3) | (0.6) |
| Financing Activities | ||||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | (0.3) | 0.4 | 19.9 | 0 | 1.0 | 0 | 9.8 | (0.1) | (0.0) | 14.2 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | (0.4) | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0.5 | 0.3 | (0.4) | 0.8 | 3.8 | (5.6) | 1.4 | (6.6) | 0.0 | 0.1 | 0 | 0 | (0.3) | 16.6 | 0.6 | 0.2 | 0.1 | 0.8 | 7.9 | 0.0 | 24.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 5.3 | 246.6 | 0.7 | 19.6 | 1.0 | 3.8 | 69.4 | 10.8 | 169.2 | 2.6 | 17.4 | 1.3 | 0.6 | 0.4 | 58.2 | 0.6 | (0.2) | 0.1 | 0.8 | 7.9 | 90.0 | 68.7 | (0.0) | 9.1 | 18.9 | (0.0) | (0.0) | 0.3 | 0.3 | (0.0) | 0.0 | (0.0) | 0.2 | 1.8 | 1.7 | 0.7 |
| Cash Position | ||||||||||||||||||||||||||||||||||||
| Net Change in Cash | 4.7 | 237.9 | (13.4) | (49.5) | (190.9) | (21.5) | 52.2 | (9.2) | 152.6 | (18.0) | 0.8 | (12.5) | (12.7) | (12.4) | 48.8 | (14.7) | (13.1) | (12.4) | (11.2) | (2.9) | 79.9 | 61.9 | (5.8) | 3.6 | 20.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 257.8 | 20.0 | 33.4 | 82.9 | 273.7 | 295.3 | 243.1 | 252.3 | 99.7 | 117.7 | 116.9 | 129.4 | 142.1 | 154.5 | 105.7 | 120.5 | 133.5 | 145.9 | 157.1 | 160.0 | 80.1 | 18.2 | 24.1 | 20.5 | 0.0 | 0.0 | 0.3 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0 |
| Cash at End | 262.5 | 257.8 | 20.0 | 33.4 | 82.9 | 273.7 | 295.3 | 243.1 | 252.3 | 99.7 | 117.7 | 116.9 | 129.4 | 142.1 | 154.5 | 105.7 | 120.5 | 133.5 | 145.9 | 157.1 | 160.0 | 80.1 | 18.2 | 24.1 | 20.5 | 0.0 | 0.0 | 0.3 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 |
| Free Cash Flow | (42.6) | (72.5) | (29.6) | (29.6) | (29.4) | (25.4) | (17.2) | (20.0) | (16.6) | (20.6) | (16.6) | (13.8) | (13.3) | (12.8) | (9.3) | (15.1) | (12.9) | (13.9) | (16.8) | (11.2) | (9.6) | (7.1) | (5.8) | (5.6) | (5.1) | 0.0 | (0.3) | 0.1 | (0.2) | (0.1) | (0.2) | (0.2) | (0.1) | (0.1) | (0.2) | (0.5) |
| 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 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 | 2016 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||||||
| 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 |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.5) | 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 |
| Operating Income | (59.2) | (47.6) | (45.7) | (40.9) | (32.2) | (32.5) | (24.8) | (24.5) | (22.2) | (22.2) | (21.6) | (29.2) | (20.9) | (13.9) | (17.0) | (16.9) | (18.5) | (17.6) | (17.2) | (45.2) | (13.8) | (33.0) | (7.5) | (5.9) | (4.2) | (1.6) | (0.2) | (0.1) | (0.1) | (0.2) | (0.5) | (0.2) | (0.2) | (0.2) | (0.4) | (0.3) | (0.3) |
| Net Income | (77.1) | (50.4) | (67.3) | (42.7) | (23.3) | (34.7) | (13.7) | (5.9) | (54.4) | (23.9) | (17.9) | (29.1) | (24.8) | (4.9) | (16.5) | (17.0) | (18.5) | (16.8) | (17.2) | (45.3) | (13.8) | (12.5) | (8.7) | (5.7) | (7.0) | (1.6) | (0.2) | (0.2) | (0.1) | (0.2) | (0.5) | (0.2) | (0.2) | (0.5) | (0.4) | (0.3) | (0.3) |
| EPS (Diluted) | -0.71 | -0.50 | -0.78 | -0.50 | -0.27 | -0.41 | -0.17 | -0.08 | -1.14 | -0.59 | -0.45 | -0.76 | -0.65 | 0.11 | -0.55 | -0.60 | -0.66 | -3.32 | -0.83 | -1.33 | -0.57 | -0.48 | -0.46 | -0.33 | -0.52 | -0.08 | -0.41 | -0.47 | -0.36 | -0.62 | -1.51 | -0.78 | -0.53 | -1.67 | -1.75 | -1.35 | -2.05 |
| Balance Sheet | |||||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 262.5 | 257.8 | 20.0 | 33.4 | 82.9 | 273.7 | 295.3 | 243.1 | 252.3 | 99.7 | 117.7 | 116.9 | 129.4 | 142.1 | 154.5 | 105.7 | 120.5 | 133.5 | 145.9 | 157.1 | 160.0 | 80.1 | 18.2 | 24.1 | 20.5 | 0.0 | 0.0 | 0.3 | 0.0 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 |
| Total Assets | 401.3 | 440.1 | 236.9 | 265.1 | 275.3 | 302.2 | 319.8 | 268.1 | 275.5 | 124.5 | 141.6 | 142.1 | 155.5 | 170.0 | 180.9 | 134.3 | 149.2 | 164.0 | 178.6 | 193.9 | 200.8 | 81.5 | 23.7 | 29.8 | 26.2 | 2.9 | 3.5 | 3.8 | 3.5 | 3.5 | 3.3 | 3.5 | 3.7 | 4.0 | 4.0 | 2.2 | 0.8 |
| Total Debt | 40.8 | 0 | 0 | 41.2 | 22.0 | 21.9 | 24.3 | 24.3 | 14.2 | 14.1 | 14.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0.0 | 0 | 0 | 0 |
| Stockholders' Equity | 278.8 | 332.3 | 130.6 | 185.4 | 222.8 | 241.4 | 262.2 | 202.0 | 196.1 | 78.1 | 96.0 | 106.0 | 130.3 | 150.9 | 153.6 | 124.5 | 136.8 | 151.7 | 166.0 | 176.4 | 187.6 | 75.9 | 19.6 | 27.7 | 23.8 | 2.7 | 3.4 | 3.5 | 3.4 | 3.5 | 3.3 | 3.5 | 3.7 | 3.6 | 3.8 | 2.2 | 0.8 |
| Cash Flow | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (42.6) | (72.5) | (29.6) | (29.6) | (29.4) | (25.4) | (17.2) | (20.0) | (16.6) | (20.6) | (16.6) | (13.8) | (13.3) | (12.8) | (9.3) | (15.1) | (12.9) | (13.9) | (16.8) | (11.2) | (9.6) | (7.1) | (5.8) | (5.6) | (5.1) | 0.0 | (0.3) | 0.1 | (0.2) | (0.1) | (0.3) | (0.2) | (0.2) | (0.1) | (0.3) | (0.2) | |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | (0.0) | 0 | 0 | 0 | (0.0) | 0 | (0.0) | 0.0 | (0.0) | 0 | 0.1 | (0.1) | 0.1 | (0.0) | 0.1 | (0.3) | |
| Free Cash Flow | (42.6) | (72.5) | (29.6) | (29.6) | (29.4) | (25.4) | (17.2) | (20.0) | (16.6) | (20.6) | (16.6) | (13.8) | (13.3) | (12.8) | (9.3) | (15.1) | (12.9) | (13.9) | (16.8) | (11.2) | (9.6) | (7.1) | (5.8) | (5.6) | (5.1) | 0.0 | (0.3) | 0.1 | (0.2) | (0.1) | (0.2) | (0.2) | (0.1) | (0.1) | (0.2) | (0.5) | |