NET - Cloudflare, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$333.24
DETAILS
HIGH:
$430.00
LOW:
$160.00
MEDIAN:
$350.00
CONSENSUS:
$333.24
UPSIDE:
2.31%
| 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 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Revenue | 696.1 | 639.8 | 614.5 | 562.0 | 512.3 | 479.1 | 459.9 | 430.1 | 401.0 | 378.6 | 362.5 | 335.6 | 308.5 | 290.2 | 274.7 | 253.9 | 234.5 | 212.2 | 193.6 | 172.3 | 152.4 | 138.1 | 125.9 | 114.2 | 99.7 | 91.2 | 83.9 | 73.9 | 67.4 | 61.7 | 55.5 | 50.1 | 45.3 | 41.8 |
| Cost of Revenue | 196.5 | 184.2 | 162.0 | 146.3 | 128.7 | 115.6 | 108.7 | 96.0 | 89.0 | 85.0 | 83.3 | 78.1 | 75.2 | 70.4 | 67.8 | 62.0 | 55.8 | 47.1 | 42.5 | 37.5 | 35.0 | 32.1 | 29.1 | 27.0 | 24.2 | 20.8 | 18.2 | 16.0 | 14.8 | 14.4 | 13.0 | 11.2 | 10.4 | 9.0 |
| Gross Profit | 499.5 | 455.6 | 452.6 | 415.7 | 383.6 | 363.5 | 351.3 | 334.1 | 312.0 | 293.6 | 279.2 | 257.5 | 233.3 | 219.7 | 206.9 | 191.9 | 178.7 | 165.1 | 151.1 | 134.8 | 117.4 | 106.0 | 96.9 | 87.2 | 75.6 | 70.4 | 65.7 | 57.9 | 52.6 | 47.4 | 42.5 | 38.9 | 34.9 | 32.8 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| R&D Expenses | 159.5 | 151.0 | 141.9 | 121.0 | 134.6 | 115.1 | 120.2 | 110.9 | 102.5 | 87.7 | 96.4 | 90.6 | 89.6 | 81.5 | 79.7 | 76.4 | 75.1 | 67.1 | 61.8 | 46.8 | 41.3 | 39.5 | 34.8 | 30.9 | 28.1 | 33.4 | 26.3 | 27.9 | 18.9 | 17.6 | 15.3 | 14.8 | 13.0 | 11.3 |
| SG&A Expenses | 395.0 | 366.6 | 359.9 | 332.2 | 316.3 | 301.7 | 265.8 | 254.0 | 244.1 | 260.4 | 225.6 | 206.2 | 199.8 | 185.5 | 177.9 | 161.4 | 168.1 | 138.1 | 130.4 | 114.5 | 104.9 | 97.7 | 86.8 | 77.5 | 72.1 | 73.1 | 69.4 | 71.1 | 53.5 | 46.9 | 44.3 | 60.5 | 42.4 | 32.4 |
| Other Expenses | 150.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 705.2 | 517.6 | 501.8 | 453.2 | 450.9 | 416.8 | 386.0 | 364.9 | 346.7 | 348.1 | 322.0 | 296.7 | 289.4 | 267.0 | 257.6 | 237.8 | 243.3 | 205.1 | 192.2 | 161.3 | 146.3 | 137.2 | 121.6 | 108.4 | 100.3 | 106.5 | 95.7 | 99.0 | 72.4 | 64.5 | 59.6 | 75.3 | 55.4 | 43.7 |
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (205.7) | (62.0) | (49.2) | (37.5) | (67.3) | (53.2) | (34.7) | (30.8) | (34.7) | (54.5) | (42.8) | (39.2) | (56.2) | (47.3) | (50.7) | (45.9) | (64.5) | (40.0) | (41.1) | (26.5) | (28.9) | (31.3) | (24.7) | (21.3) | (24.7) | (36.1) | (29.9) | (41.1) | (19.8) | (17.1) | (17.1) | (36.5) | (20.5) | (10.9) |
| Interest Expense | 3.1 | 2.6 | 2.9 | 2.9 | 1.5 | 1.4 | 1.4 | 1.4 | 1.2 | 1.1 | 1.1 | 1.1 | 1.5 | 2.1 | 0.9 | 1.5 | 1.0 | 1.6 | 16.1 | 12.4 | 10.4 | 10.2 | 10.1 | 9.8 | 5.0 | 0.1 | 0.1 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 |
| Interest Income | 39.9 | 40.2 | 41.9 | 42.5 | 25.4 | 21.4 | 22.0 | 22.5 | 21.7 | 21.3 | 20.2 | 18.0 | 16.5 | 13.5 | 8.3 | 3.9 | 1.6 | 1.1 | 0.7 | 0.4 | 0.4 | 0.5 | 0.8 | 1.3 | 1.9 | 2.6 | 3.0 | 1.1 | 0.8 | 0.9 | 1.0 | 0.4 | 0.2 | 0.2 |
| Profitability | ||||||||||||||||||||||||||||||||||
| EBITDA | (99.5) | 39.0 | 45.0 | 54.2 | (0.3) | 6.9 | 26.8 | 20.3 | 16.9 | 15.3 | 25.5 | 13.3 | (57.8) | (3.1) | (14.3) | (12.3) | (27.2) | (19.4) | (22.5) | (81.0) | (13.3) | (15.3) | (9.4) | (7.2) | (11.5) | (22.5) | (18.8) | (32.9) | (12.0) | (10.4) | (10.7) | (32.2) | (16.2) | (7.2) |
| EBIT | (164.9) | (18.8) | (7.6) | 4.8 | (45.8) | (35.3) | (9.4) | (11.4) | (12.7) | (32.2) | (24.7) | (21.1) | (91.5) | (34.6) | (44.0) | (39.7) | (62.7) | (39.5) | (40.8) | (98.0) | (29.4) | (30.6) | (23.8) | (20.1) | (23.1) | (33.0) | (27.4) | (40.7) | (19.0) | (16.5) | (16.2) | (37.3) | (20.5) | (11.1) |
| Income Before Tax | (167.9) | (21.4) | (10.5) | 1.9 | (47.3) | (36.8) | (10.8) | (12.8) | (13.9) | (33.3) | (25.8) | (22.3) | (93.0) | (36.8) | (44.8) | (41.2) | (63.7) | (41.0) | (56.9) | (110.4) | (39.8) | (40.8) | (33.8) | (30.0) | (28.1) | (33.1) | (27.5) | (41.1) | (19.3) | (16.8) | (16.5) | (37.6) | (20.7) | (11.3) |
| Income Tax Expense | 2.0 | 1.5 | 1.6 | 3.1 | 3.2 | 1.7 | 2.0 | 2.5 | 1.1 | 2.3 | 2.1 | 1.3 | 1.5 | 1.3 | 1.1 | 1.4 | (0.2) | 0.4 | 20.6 | (3.1) | (4.3) | (0.8) | 0.2 | (3.5) | (1.9) | (0.3) | 0.6 | (0.2) | 0.4 | 0.3 | 0.2 | 0.4 | 0.3 | 0.2 |
| Net Income | (170.0) | (22.9) | (12.1) | (1.3) | (50.4) | (38.5) | (12.8) | (15.3) | (15.1) | (35.5) | (27.9) | (23.5) | (94.5) | (38.1) | (45.9) | (42.5) | (63.5) | (41.4) | (77.5) | (107.3) | (35.5) | (40.0) | (34.0) | (26.5) | (26.1) | (32.7) | (28.2) | (40.9) | (19.7) | (17.1) | (16.7) | (38.0) | (21.0) | (11.5) |
| Per Share Data | ||||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.48 | -0.07 | -0.03 | -0.00 | -0.15 | -0.11 | -0.04 | -0.04 | -0.04 | -0.10 | -0.08 | -0.07 | -0.28 | -0.12 | -0.14 | -0.13 | -0.20 | -0.13 | -0.24 | -0.34 | -0.12 | -0.13 | -0.11 | -0.09 | -0.09 | -0.11 | -0.10 | -0.14 | -0.07 | -0.07 | -0.07 | -0.15 | -0.08 | -0.05 |
| EPS (Diluted) | -0.48 | -0.07 | -0.03 | -0.00 | -0.15 | -0.11 | -0.04 | -0.04 | -0.04 | -0.10 | -0.08 | -0.07 | -0.28 | -0.12 | -0.14 | -0.13 | -0.20 | -0.13 | -0.24 | -0.34 | -0.12 | -0.13 | -0.11 | -0.09 | -0.09 | -0.11 | -0.10 | -0.14 | -0.07 | -0.07 | -0.07 | -0.15 | -0.08 | -0.05 |
| Shares Outstanding | 354.3 | 352.6 | 351.1 | 342.4 | 347.5 | 345.7 | 344.0 | 342.4 | 340.6 | 338.6 | 336.6 | 334.7 | 332.3 | 330.4 | 328.3 | 326.6 | 325.2 | 323.3 | 320.3 | 314.5 | 308.3 | 305.9 | 303.8 | 301.7 | 299.3 | 296.1 | 294.4 | 296.8 | 293.3 | 251.1 | 251.1 | 251.1 | 251.1 | 251.1 |
| 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 Q4 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 1,663.8 | 943.2 | 943.5 | 1,052.6 | 1,518.6 | 204.5 | 147.7 | 182.9 | 157.0 | 254.4 | 86.9 | 94.1 | 159.3 | 256.4 | 204.2 | 137.8 | 142.7 | 152.0 | 313.8 | 618.2 | 247.6 | 187.5 | 108.9 | 112.0 | 314.0 | 109.1 | 139.0 | 501.7 | 42.4 | 32.8 | 25.1 | (73.4) |
| Short-Term Investments | 2,499.0 | 3,231.7 | 3,157.7 | 2,990.9 | 2,441.1 | 1,710.4 | 1,708.2 | 1,641.0 | 1,600.4 | 1,461.8 | 1,586.9 | 1,480.2 | 1,425.3 | 1,459.2 | 1,445.8 | 1,498.4 | 1,499.2 | 1,573.3 | 1,508.1 | 1,195.6 | 786.0 | 847.7 | 923.2 | 939.3 | 755.1 | 478.8 | 498.0 | 143.4 | 82.3 | 111.3 | 135.6 | 146.8 |
| Net Receivables | 450.1 | 403.7 | 406.0 | 374.5 | 328.8 | 302.3 | 333.3 | 266.4 | 263.1 | 224.8 | 259.3 | 211.2 | 186.6 | 187.8 | 156.8 | 134.1 | 129.3 | 131.7 | 101.6 | 89.8 | 81.1 | 74.9 | 67.0 | 50.9 | 45.9 | 41.6 | 35.9 | 33.7 | 31.6 | 31.9 | 26.7 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.6 | 2.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 165.4 | 137.1 | 137.6 | 118.7 | 117.3 | 407.1 | 79.8 | 73.6 | 1 | 5.5 | 2.5 | 39.1 | 2.8 | 10.5 | 10.6 | 10.7 | 9.4 | 2.5 | 3.0 | 0.5 | 2.7 | 2.7 | 2.6 | 8.1 | 3.7 | 3.2 | 3.3 | 2.2 | 1.7 | 1.1 | 1.2 | 0 |
| Total Current Assets | 4,778.4 | 4,715.7 | 4,644.8 | 4,536.8 | 4,405.8 | 2,624.3 | 2,269.0 | 2,163.9 | 2,093.0 | 2,016.2 | 1,983.1 | 1,858.0 | 1,818.1 | 1,954.4 | 1,887.9 | 1,815.8 | 1,814.0 | 1,894.8 | 1,953.4 | 1,930.6 | 1,146.0 | 1,139.9 | 1,130.0 | 1,127.4 | 1,132.1 | 647.6 | 689.9 | 695.7 | 166.0 | 182.8 | 196.7 | 73.4 |
| Non-Current Assets | ||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 950.9 | 875.2 | 856.3 | 810.5 | 732.7 | 692.0 | 635.8 | 548.1 | 481.0 | 471.2 | 461.4 | 436.2 | 423.3 | 429.1 | 419.0 | 397.1 | 376.7 | 341.3 | 314.1 | 277.8 | 201.2 | 177.5 | 166.8 | 167.5 | 160.7 | 148.4 | 101.5 | 92.5 | 84.6 | 81.7 | 73.2 | 0 |
| Goodwill | 376.2 | 233.5 | 226.6 | 181.1 | 181.1 | 181.1 | 181.1 | 157.2 | 156.2 | 148.0 | 148.0 | 148.0 | 148.0 | 148.0 | 148.0 | 149.1 | 149.1 | 28.5 | 23.5 | 17.2 | 17.2 | 17.2 | 17.2 | 17.2 | 17.2 | 16.4 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 0 |
| Intangible Assets | 57.4 | 38.3 | 41.8 | 18.4 | 22.1 | 23.9 | 21.9 | 19.2 | 21.7 | 14.3 | 19.6 | 17.8 | 22.7 | 27.6 | 32.5 | 37.4 | 42.3 | 3.8 | 1.3 | 0.7 | 1.4 | 2.1 | 2.8 | 3.5 | 4.2 | 4.9 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0 |
| Long-Term Investments | 0 | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 2.0 | 1.8 | 0 | 1.9 | 2.3 | (13.5) | 0.5 | 0.5 | 1.7 | 6.0 | 4.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16.2 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 311.3 | 300.0 | 266.7 | 239.6 | 220.6 | 200.0 | 193.4 | 174.4 | 162.8 | 150.0 | 147.7 | 129.8 | 121.1 | 108.4 | 100.5 | 91.2 | 86.3 | 85.5 | 77.0 | 89.3 | 80.2 | 68.9 | 63.9 | 55.6 | 49.9 | 41.2 | 35.4 | 31.4 | 32.0 | 26.8 | 24.2 | (73.4) |
| Total Non-Current Assets | 1,695.8 | 1,448.3 | 1,391.4 | 1,249.6 | 1,156.5 | 1,097.0 | 1,032.2 | 898.9 | 823.7 | 785.5 | 776.7 | 731.9 | 715.1 | 713.2 | 700.0 | 674.8 | 654.4 | 459.1 | 416.2 | 384.9 | 300.0 | 265.7 | 250.7 | 243.8 | 231.9 | 210.9 | 141.0 | 144.2 | 120.9 | 112.7 | 101.6 | (73.4) |
| Total Assets | 6,474.1 | 6,164.0 | 6,036.3 | 5,786.4 | 5,562.4 | 3,721.3 | 3,301.2 | 3,062.7 | 2,916.7 | 2,801.6 | 2,759.8 | 2,589.9 | 2,533.2 | 2,667.6 | 2,587.9 | 2,490.6 | 2,468.5 | 2,353.9 | 2,372.1 | 2,315.5 | 1,445.9 | 1,405.5 | 1,380.7 | 1,371.2 | 1,364.1 | 858.5 | 830.8 | 839.8 | 286.9 | 295.5 | 298.4 | 0 |
| Current Liabilities | ||||||||||||||||||||||||||||||||
| Account Payables | 127.0 | 58.8 | 84.1 | 85.9 | 95.7 | 93.8 | 105.8 | 74.1 | 59.5 | 47.8 | 53.7 | 40.6 | 32.4 | 54.6 | 35.6 | 39.2 | 55.7 | 32.9 | 26.1 | 34.6 | 29.6 | 20.5 | 14.5 | 17.0 | 17.3 | 14.3 | 11.5 | 9.5 | 17.1 | 13.9 | 14.3 | 0 |
| Short-Term Debt | 1,293.3 | 1,366.9 | 1,291.3 | 1,290.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 35.3 | 0 | 0 | 0 | 0 | 0 | 12.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.1 | 0.2 | 0.3 | 0 |
| Deferred Revenue | 812.2 | 755.1 | 684.2 | 599.0 | 546.7 | 508.1 | 477.8 | 389.8 | 371.0 | 356.2 | 347.6 | 294.1 | 268.0 | 238.8 | 218.6 | 171.4 | 155.8 | 131.7 | 116.5 | 92.4 | 79.8 | 66.4 | 54.9 | 48.4 | 43.4 | 37.1 | 30.8 | 29.8 | 26.8 | 0 | 16.8 | 0 |
| Other Current Liabilities | 151.5 | 126.5 | 220.1 | 90.2 | 77.9 | 76.5 | 80.9 | 65.8 | 57.8 | 62.3 | 63.8 | 52.3 | 47.5 | 47.0 | 42.0 | 45.1 | 39.8 | 43.8 | 70.6 | 42.7 | 37.6 | 39.2 | 34.0 | 36.9 | 34.4 | 31.3 | 26.6 | 25.6 | 24.8 | 4.5 | 22.7 | 0 |
| Total Current Liabilities | 2,628.0 | 2,410.7 | 2,350.6 | 2,223.2 | 857.6 | 821.0 | 793.7 | 641.6 | 596.0 | 574.1 | 567.1 | 477.8 | 473.1 | 444.5 | 397.9 | 339.3 | 332.8 | 276.6 | 288.6 | 227.0 | 200.5 | 168.1 | 141.4 | 131.0 | 120.7 | 108.3 | 83.9 | 77.1 | 77.5 | 70.0 | 61.4 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||||
| Long-Term Debt | 1,977.0 | 1,975.6 | 2,156.1 | 1,972.7 | 3,260.5 | 1,288.3 | 1,287.3 | 1,286.3 | 1,285.3 | 1,284.4 | 1,283.4 | 1,282.4 | 1,281.4 | 1,437.4 | 1,436.2 | 1,435.0 | 1,433.9 | 1,432.7 | 1,146.9 | 1,143.3 | 401.4 | 392.2 | 383.3 | 374.5 | 365.9 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 28.0 | 29.1 | (152.7) | 24.2 | 23.9 | 24.0 | 23.6 | 18.3 | 17.7 | 15.3 | 15.5 | 11.5 | 11.0 | 10.8 | 10.5 | 9.6 | 9.1 | 9.0 | 7.1 | 6.4 | 11.3 | 10.4 | 9.9 | 8.0 | 9.3 | 9.1 | 9.8 | 11.0 | 11.8 | 11.7 | 339.8 | 0 |
| Total Non-Current Liabilities | 2,226.1 | 2,226.6 | 2,226.6 | 2,216.2 | 3,465.0 | 1,474.4 | 1,461.3 | 1,448.0 | 1,439.2 | 1,430.3 | 1,429.6 | 1,412.9 | 1,418.3 | 1,570.5 | 1,566.1 | 1,557.3 | 1,555.2 | 1,561.9 | 1,267.7 | 1,235.4 | 444.4 | 433.3 | 422.3 | 413.8 | 407.7 | 43.9 | 21.1 | 22.3 | 23.3 | 22.2 | 350.5 | 0 |
| Total Liabilities | 4,854.1 | 4,637.3 | 4,577.1 | 4,439.4 | 4,322.6 | 2,295.4 | 2,255.0 | 2,089.7 | 2,035.1 | 2,004.4 | 1,996.7 | 1,890.7 | 1,891.4 | 2,015.0 | 1,963.9 | 1,896.6 | 1,888.0 | 1,838.5 | 1,556.3 | 1,462.4 | 644.8 | 601.5 | 563.7 | 544.8 | 528.4 | 152.2 | 105.0 | 99.4 | 100.8 | 92.2 | 411.9 | 0 |
| Stockholders' Equity | ||||||||||||||||||||||||||||||||
| Common Stock | 0.4 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.1 | 0.1 | 0 |
| Retained Earnings | (1,397.8) | (1,227.8) | (1,204.9) | (1,192.8) | (1,191.5) | (1,141.1) | (1,102.6) | (1,089.8) | (1,074.5) | (1,059.4) | (1,023.8) | (996.0) | (972.4) | (878.0) | (839.9) | (794.0) | (751.4) | (687.9) | (680.8) | (603.3) | (496.0) | (460.5) | (420.5) | (386.5) | (360.0) | (333.9) | (301.7) | (273.6) | (247.4) | (213.0) | (195.9) | 0 |
| Accumulated Other Comprehensive Income | (10.2) | (5.8) | 12.3 | 14.3 | 16.6 | 3.7 | (4.3) | 15.9 | (1.3) | (0.9) | 2.0 | (4.1) | (6.3) | (6.1) | (11.9) | (17.3) | (16.1) | (12.7) | (2.6) | (0.2) | (0.0) | 0.0 | 0.2 | 0.6 | 1.2 | 1.4 | 0.1 | 0.1 | 0.1 | 0.0 | (39.9) | (59.8) |
| Total Stockholders' Equity | 1,620.0 | 1,526.7 | 1,459.1 | 1,347.0 | 1,239.7 | 1,425.9 | 1,046.2 | 973.1 | 881.5 | 797.2 | 763.0 | 699.3 | 641.8 | 652.6 | 624.0 | 594.0 | 580.5 | 515.5 | 815.8 | 853.1 | 801.1 | 804.0 | 816.9 | 826.4 | 835.6 | 706.4 | 725.8 | 740.4 | 186.1 | 203.3 | (113.5) | 121.7 |
| Total Liabilities & Equity | 6,474.1 | 6,164.0 | 6,036.3 | 5,786.4 | 5,562.4 | 3,721.3 | 3,301.2 | 3,062.7 | 2,916.7 | 2,801.6 | 2,759.8 | 2,589.9 | 2,533.2 | 2,667.6 | 2,587.9 | 2,490.6 | 2,468.5 | 2,353.9 | 2,372.1 | 2,315.5 | 1,445.9 | 1,405.5 | 1,380.7 | 1,371.2 | 1,364.1 | 858.5 | 830.8 | 839.8 | 286.9 | 295.5 | 298.4 | 121.7 |
| Debt Metrics | ||||||||||||||||||||||||||||||||
| Total Debt | 3,529.3 | 3,524.5 | 3,700.4 | 3,501.8 | 3,462.1 | 1,475.9 | 1,463.2 | 1,450.7 | 1,438.6 | 1,436.6 | 1,435.2 | 1,419.1 | 1,459.1 | 1,581.0 | 1,577.1 | 1,567.6 | 1,567.5 | 1,574.6 | 1,293.2 | 1,247.9 | 448.4 | 435.9 | 428.3 | 421.5 | 414.1 | 50.8 | 10.5 | 10.5 | 10.6 | 10.6 | 10.7 | 0 |
| Net Debt | 1,865.6 | 2,581.4 | 2,756.8 | 2,449.1 | 1,943.5 | 1,271.4 | 1,315.5 | 1,267.9 | 1,280.6 | 1,176.7 | 1,348.3 | 1,325.0 | 1,299.8 | 1,324.6 | 1,372.9 | 1,429.7 | 1,424.8 | 1,422.7 | 979.4 | 629.6 | 200.8 | 248.4 | 319.4 | 309.5 | 100.1 | (58.3) | (128.5) | (491.2) | (31.8) | (22.2) | (14.4) | 73.4 |
| 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 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | (170.0) | (22.9) | (12.1) | (1.3) | (50.4) | (38.5) | (12.8) | (15.3) | (15.1) | (35.5) | (27.9) | (23.5) | (94.5) | (38.1) | (45.9) | (42.5) | (63.5) | (41.4) | (77.5) | (107.3) | (35.5) | (40.0) | (34.0) | (26.5) | (26.1) | (32.7) | (28.2) | (40.9) | (19.7) | (17.1) | (16.7) | (38.0) | (21.0) | (11.5) |
| Depreciation & Amortization | 65.4 | 57.8 | 52.6 | 49.5 | 45.5 | 42.2 | 36.2 | 31.7 | 29.7 | 47.5 | 50.2 | 34.5 | 33.7 | 31.5 | 29.6 | 27.4 | 35.5 | 20.0 | 18.3 | 17.0 | 16.0 | 15.2 | 14.4 | 12.9 | 11.6 | 10.6 | 8.6 | 7.8 | 7.0 | 6.2 | 5.5 | 5.1 | 4.3 | 3.9 |
| Stock-Based Compensation | 159.9 | 114.2 | 123.6 | 109.9 | 122.4 | 95.5 | 94.5 | 88.3 | 86.0 | 69.7 | 74.4 | 73.8 | 68.4 | 57.4 | 60.2 | 53.8 | 54.8 | 34.0 | 28.5 | 23.0 | 20.5 | 18.0 | 16.2 | 14.7 | 12.4 | 12.9 | 11.6 | 22.9 | 1.0 | 1.1 | 1.1 | 24.4 | 1.1 | 0.8 |
| Change in Working Capital | 16.7 | (33.3) | 47.9 | (32.4) | (59.5) | 10.5 | (24.8) | (25.8) | (46.3) | (12.0) | 19.6 | (36.1) | (14.2) | (34.0) | 11.3 | (19.2) | (0.5) | (70.8) | 16.6 | (8.4) | (12.7) | 7.9 | (27.7) | (14.0) | (4.9) | (14.5) | (5.3) | (11.8) | 6.1 | (2.0) | (4.3) | (8.4) | (7.0) | (5.2) |
| Other Non-Cash Items | 51.8 | 43.3 | 40.4 | 41.4 | 42.2 | 36.2 | 30.8 | 25.9 | 21.6 | 4.2 | (33.8) | 19.5 | 71.5 | 19.7 | 21.4 | 23.1 | 13.9 | 22.7 | 35.3 | 72.8 | 24.2 | 23.8 | 21.7 | 18.9 | 13.5 | 9.6 | 4.3 | 4.2 | 2.7 | 2.2 | 1.8 | 2.9 | 7.0 | 10.6 |
| Operating Cash Flow | 117.6 | 158.3 | 254.2 | 167.1 | 99.8 | 145.8 | 127.3 | 104.7 | 74.8 | 73.6 | 85.4 | 68.1 | 64.5 | 36.4 | 78.1 | 42.7 | 38.3 | (35.5) | 40.6 | (6.9) | 7.5 | 23.5 | (8.8) | 2.0 | 4.0 | (14.3) | (8.6) | (17.8) | (2.9) | (9.7) | (12.3) | (13.9) | (15.7) | (1.4) |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditure | (61.2) | (74.3) | (98.5) | (84.6) | (66.5) | (92.9) | (79.6) | (59.4) | (36.5) | (38.0) | (34.7) | (33.2) | (44.5) | (22.5) | (44.5) | (47.3) | (42.7) | (28.9) | (32.0) | (32.8) | (17.2) | (25.7) | (14.7) | (19.8) | (24.1) | (16.3) | (15.0) | (15.9) | (14.0) | (12.4) | (16.7) | (8.2) | (2.5) | (3.8) |
| Acquisitions | (75.1) | 0 | (50.9) | 0 | 0 | 0 | 0 | 0 | (14.0) | 0 | (6.1) | (5.9) | (5.7) | 0 | 0 | (1.2) | (82.6) | (4.4) | (5.6) | 4.0 | 3.7 | 3.4 | (0.2) | 4.5 | (0.1) | (13.6) | 2.7 | 3.9 | 4.1 | 3.4 | 3.7 | 2.0 | 0 | 0 |
| Purchases of Investments | (14.8) | (769.1) | (950.5) | (1,055.8) | (1,127.1) | (403.7) | (384.8) | (396.6) | (491.7) | (299.0) | (584.5) | (497.9) | (318.9) | (476.2) | (377.9) | (332.7) | (157.8) | (264.5) | (528.4) | (679.7) | (192.8) | (188.4) | (310.9) | (376.7) | (468.8) | (110.6) | (380.3) | (111.9) | (30.3) | (14.9) | (58.2) | (82.0) | 0 | 0 |
| Sales/Maturities of Investments | 749.0 | 693.2 | 793.0 | 518.1 | 402.1 | 408.8 | 320.3 | 380.7 | 358.5 | 433.9 | 523.7 | 430.9 | 363.5 | 514.2 | 402.4 | 332.4 | 227.0 | 187.0 | 211.2 | 267.7 | 252.5 | 261.8 | 325.2 | 191.2 | 192.3 | 131.6 | 42.6 | 35.0 | 57.0 | 42.5 | 16.3 | 12.3 | 0 | 0 |
| Other Investing Activities | 19.2 | (17.6) | 28.8 | (7.2) | (8.1) | (11.6) | (29.4) | (10.3) | 0.0 | 0.0 | 0.0 | 5.9 | 5.7 | 0.0 | 0.0 | (5.4) | 0.0 | 0.0 | (3.6) | (4.0) | (3.7) | (3.4) | 0.0 | (4.3) | 0 | 0.2 | (2.6) | (3.9) | (4.1) | (3.4) | (3.7) | (2.0) | 10.7 | 11.2 |
| Investing Cash Flow | 608.2 | (158.8) | (291.7) | (629.5) | (793.0) | (92.4) | (167.0) | (76.4) | (183.7) | 97.0 | (101.6) | (100.2) | 0.1 | 15.6 | (20.0) | (48.9) | (56.0) | (110.8) | (354.8) | (444.8) | 42.5 | 47.8 | (0.6) | (205.2) | (300.8) | (8.8) | (352.7) | (92.8) | 12.6 | 15.2 | (58.5) | (77.9) | 8.2 | 7.4 |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | (63.8) | (1.1) | 1,998.3 | 0 | 2.1 | 0 | (2.1) | 0 | 0 | (35.4) | (172.2) | 0 | 0 | 0 | 0 | (16.6) | (1.0) | 818.0 | 0 | 0 | 0 | (12.5) | 507.7 | (0.2) | 3.7 | (2.8) | (1.0) | (0.1) | (0.1) | (0.1) | (0.0) | (0.0) |
| Stock Repurchased | (29.5) | 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) | (0.1) | (0.0) | (0.0) | (0.0) | (0.1) | (0.1) | (0.1) | (0.1) | (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 |
| Other Financing Activities | 15.1 | (15.2) | (19.9) | (14.0) | (10.5) | (7.7) | (7.3) | (3.8) | (4.4) | (4.4) | (2.3) | (3.5) | (10.5) | (2.1) | (0.5) | (0.7) | (0.5) | (0.7) | (1.6) | (3.1) | (0.6) | (0.5) | (0.5) | (0.3) | (0.6) | (7.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | 5.8 | (9.5) | (67.6) | (3.6) | 2,007.6 | 3.5 | 8.0 | (2.4) | 7.1 | 0.0 | 9.8 | (34.6) | (168.6) | 1.2 | 8.0 | 1.4 | 11.1 | (14.3) | 9.8 | 820.2 | 10.2 | 7.4 | 6.7 | 1.2 | 501.7 | (4.7) | (1.5) | 570.2 | (0.2) | 2.2 | 0.0 | 165.4 | 1.8 | 1.4 |
| Cash Position | ||||||||||||||||||||||||||||||||||
| Net Change in Cash | 731.5 | (9.9) | (104.1) | (466.0) | 1,314.4 | 56.9 | (31.7) | 25.9 | (102.0) | 170.6 | (6.4) | (66.7) | (104.1) | 53.2 | 66.2 | (4.8) | (6.7) | (160.5) | (304.4) | 368.5 | 60.1 | 78.6 | (2.7) | (202.0) | 204.9 | (27.7) | (362.7) | 459.6 | 9.6 | 7.8 | (70.8) | 73.7 | (5.7) | 7.3 |
| Cash at Beginning | 944.4 | 954.4 | 1,059.5 | 1,525.5 | 211.1 | 154.2 | 185.9 | 160.0 | 259.9 | 89.4 | 95.8 | 164.4 | 268.4 | 215.2 | 149.0 | 153.8 | 160.4 | 321.0 | 625.4 | 256.9 | 196.8 | 118.1 | 120.8 | 322.8 | 117.9 | 145.6 | 508.4 | 48.8 | 39.2 | 31.4 | 102.2 | 28.5 | 34.2 | 26.9 |
| Cash at End | 1,675.9 | 944.4 | 954.4 | 1,059.5 | 1,525.5 | 211.1 | 154.2 | 185.9 | 158.0 | 259.9 | 89.4 | 97.6 | 164.4 | 268.4 | 215.2 | 149.0 | 153.8 | 160.4 | 321.0 | 625.4 | 256.9 | 196.8 | 118.1 | 120.8 | 322.8 | 117.9 | 145.6 | 508.4 | 48.8 | 39.2 | 31.4 | 102.2 | 28.5 | 34.2 |
| Free Cash Flow | 56.4 | 84.1 | 155.7 | 82.5 | 33.3 | 52.9 | 47.8 | 45.3 | 38.3 | 35.6 | 50.7 | 34.9 | 20.0 | 13.9 | 33.7 | (4.6) | (4.4) | (64.4) | 8.6 | (39.7) | (9.8) | (2.2) | (23.5) | (17.9) | (20.2) | (30.6) | (23.5) | (33.6) | (16.9) | (22.1) | (29.0) | (22.1) | (18.1) | (5.3) |
| 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 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||||
| Revenue | 696.1 | 639.8 | 614.5 | 562.0 | 512.3 | 479.1 | 459.9 | 430.1 | 401.0 | 378.6 | 362.5 | 335.6 | 308.5 | 290.2 | 274.7 | 253.9 | 234.5 | 212.2 | 193.6 | 172.3 | 152.4 | 138.1 | 125.9 | 114.2 | 99.7 | 91.2 | 83.9 | 73.9 | 67.4 | 61.7 | 55.5 | 50.1 | 45.3 | 41.8 |
| Gross Profit | 499.5 | 455.6 | 452.6 | 415.7 | 383.6 | 363.5 | 351.3 | 334.1 | 312.0 | 293.6 | 279.2 | 257.5 | 233.3 | 219.7 | 206.9 | 191.9 | 178.7 | 165.1 | 151.1 | 134.8 | 117.4 | 106.0 | 96.9 | 87.2 | 75.6 | 70.4 | 65.7 | 57.9 | 52.6 | 47.4 | 42.5 | 38.9 | 34.9 | 32.8 |
| Operating Income | (205.7) | (62.0) | (49.2) | (37.5) | (67.3) | (53.2) | (34.7) | (30.8) | (34.7) | (54.5) | (42.8) | (39.2) | (56.2) | (47.3) | (50.7) | (45.9) | (64.5) | (40.0) | (41.1) | (26.5) | (28.9) | (31.3) | (24.7) | (21.3) | (24.7) | (36.1) | (29.9) | (41.1) | (19.8) | (17.1) | (17.1) | (36.5) | (20.5) | (10.9) |
| Net Income | (170.0) | (22.9) | (12.1) | (1.3) | (50.4) | (38.5) | (12.8) | (15.3) | (15.1) | (35.5) | (27.9) | (23.5) | (94.5) | (38.1) | (45.9) | (42.5) | (63.5) | (41.4) | (77.5) | (107.3) | (35.5) | (40.0) | (34.0) | (26.5) | (26.1) | (32.7) | (28.2) | (40.9) | (19.7) | (17.1) | (16.7) | (38.0) | (21.0) | (11.5) |
| EPS (Diluted) | -0.48 | -0.07 | -0.03 | -0.00 | -0.15 | -0.11 | -0.04 | -0.04 | -0.04 | -0.10 | -0.08 | -0.07 | -0.28 | -0.12 | -0.14 | -0.13 | -0.20 | -0.13 | -0.24 | -0.34 | -0.12 | -0.13 | -0.11 | -0.09 | -0.09 | -0.11 | -0.10 | -0.14 | -0.07 | -0.07 | -0.07 | -0.15 | -0.08 | -0.05 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 1,663.8 | 943.2 | 943.5 | 1,052.6 | 1,518.6 | 204.5 | 147.7 | 182.9 | 157.0 | 254.4 | 86.9 | 94.1 | 159.3 | 256.4 | 204.2 | 137.8 | 142.7 | 152.0 | 313.8 | 618.2 | 247.6 | 187.5 | 108.9 | 112.0 | 314.0 | 109.1 | 139.0 | 501.7 | 42.4 | 32.8 | 25.1 | (73.4) | ||
| Total Assets | 6,474.1 | 6,164.0 | 6,036.3 | 5,786.4 | 5,562.4 | 3,721.3 | 3,301.2 | 3,062.7 | 2,916.7 | 2,801.6 | 2,759.8 | 2,589.9 | 2,533.2 | 2,667.6 | 2,587.9 | 2,490.6 | 2,468.5 | 2,353.9 | 2,372.1 | 2,315.5 | 1,445.9 | 1,405.5 | 1,380.7 | 1,371.2 | 1,364.1 | 858.5 | 830.8 | 839.8 | 286.9 | 295.5 | 298.4 | 0 | ||
| Total Debt | 3,529.3 | 3,524.5 | 3,700.4 | 3,501.8 | 3,462.1 | 1,475.9 | 1,463.2 | 1,450.7 | 1,438.6 | 1,436.6 | 1,435.2 | 1,419.1 | 1,459.1 | 1,581.0 | 1,577.1 | 1,567.6 | 1,567.5 | 1,574.6 | 1,293.2 | 1,247.9 | 448.4 | 435.9 | 428.3 | 421.5 | 414.1 | 50.8 | 10.5 | 10.5 | 10.6 | 10.6 | 10.7 | 0 | ||
| Stockholders' Equity | 1,620.0 | 1,526.7 | 1,459.1 | 1,347.0 | 1,239.7 | 1,425.9 | 1,046.2 | 973.1 | 881.5 | 797.2 | 763.0 | 699.3 | 641.8 | 652.6 | 624.0 | 594.0 | 580.5 | 515.5 | 815.8 | 853.1 | 801.1 | 804.0 | 816.9 | 826.4 | 835.6 | 706.4 | 725.8 | 740.4 | 186.1 | 203.3 | (113.5) | 121.7 | ||
| Cash Flow | ||||||||||||||||||||||||||||||||||
| Operating Cash Flow | 117.6 | 158.3 | 254.2 | 167.1 | 99.8 | 145.8 | 127.3 | 104.7 | 74.8 | 73.6 | 85.4 | 68.1 | 64.5 | 36.4 | 78.1 | 42.7 | 38.3 | (35.5) | 40.6 | (6.9) | 7.5 | 23.5 | (8.8) | 2.0 | 4.0 | (14.3) | (8.6) | (17.8) | (2.9) | (9.7) | (12.3) | (13.9) | (15.7) | (1.4) |
| Capital Expenditure | (61.2) | (74.3) | (98.5) | (84.6) | (66.5) | (92.9) | (79.6) | (59.4) | (36.5) | (38.0) | (34.7) | (33.2) | (44.5) | (22.5) | (44.5) | (47.3) | (42.7) | (28.9) | (32.0) | (32.8) | (17.2) | (25.7) | (14.7) | (19.8) | (24.1) | (16.3) | (15.0) | (15.9) | (14.0) | (12.4) | (16.7) | (8.2) | (2.5) | (3.8) |
| Free Cash Flow | 56.4 | 84.1 | 155.7 | 82.5 | 33.3 | 52.9 | 47.8 | 45.3 | 38.3 | 35.6 | 50.7 | 34.9 | 20.0 | 13.9 | 33.7 | (4.6) | (4.4) | (64.4) | 8.6 | (39.7) | (9.8) | (2.2) | (23.5) | (17.9) | (20.2) | (30.6) | (23.5) | (33.6) | (16.9) | (22.1) | (29.0) | (22.1) | (18.1) | (5.3) |