Nutanix, Inc. logo NTNX - Nutanix, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 19
HOLD 12
SELL 0
STRONG
SELL
0
| PRICE TARGET: $56.60 DETAILS
HIGH: $72.00
LOW: $43.00
MEDIAN: $55.50
CONSENSUS: $56.60
UPSIDE: 20.12%
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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3
Revenue
Revenue 722.8 670.6 653.3 639.0 654.7 591.0 548.0 524.6 565.2 511.1 494.2 448.6 486.5 433.6 385.5 403.7 413.1 378.5 390.7 344.5 346.4 312.8 327.9 318.3 346.8 314.8 299.9 287.6 335.4 313.3 303.7 289.4 286.7 275.6 226.1 205.7 199.2 188.6 139.8 114.7 74.1 64.5 56.8 46.1 39.1 36.0
Cost of Revenue 91.2 87.5 83.8 83.0 85.3 82.7 81.0 79.7 81.6 82.0 80.5 82.4 86.8 82.5 79.9 79.8 80.0 81.4 78.5 74.5 71.0 68.0 67.0 72.3 75.2 72.2 69.0 75.1 86.0 74.1 73.3 95.6 108.5 108.6 97.5 83.2 76.8 69.8 54.4 43.4 30.3 27.0 23.8 19.8 17.3 17.4
Gross Profit 631.7 583.1 569.4 556.0 569.4 508.3 467.0 444.9 483.6 429.1 413.8 366.2 399.7 351.1 305.6 323.8 333.1 297.1 312.2 270.0 275.4 244.8 260.9 246.0 271.5 242.6 230.9 212.5 249.4 239.2 230.5 193.8 178.2 166.9 128.6 122.5 122.4 118.8 85.4 71.3 43.8 37.5 33.0 26.2 21.7 18.6
Operating Expenses
R&D Expenses 202.3 187.5 193.7 186.4 182.8 174.0 167.4 159.2 160.4 152.0 146.2 143.0 142.3 149.2 144.0 142.1 141.6 144.3 140.7 144.9 135.6 135.8 135.3 141.3 139.1 138.2 129.2 138.0 123.0 110.5 97.0 81.3 70.9 64.5 67.8 74.6 70.9 75.3 35.1 31.4 22.7 19.8 16.7 14.3 13.0 10.9
SG&A Expenses 345.2 346.3 344.6 320.9 321.2 307.1 311.8 297.2 286.1 282.8 278.9 281.8 313.9 282.2 295.1 274.1 285.9 290.1 313.4 305.7 296.1 291.1 296.9 334.8 339.5 324.7 284.3 278.7 242.5 223.8 212.7 194.8 167.1 161.5 149.4 143.6 126.7 158.1 98.2 84.6 55.6 49.2 42.5 38.5 35.3 29.7
Other Expenses (2.0) (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 (1.3) 0 0 0 0 0 0 0 0 0 0
Operating Expenses 545.4 533.7 538.2 507.3 504.0 481.0 479.2 456.4 446.6 434.8 425.1 424.8 456.2 431.4 439.1 416.2 427.5 434.3 454.1 450.6 431.7 426.9 432.3 476.2 478.6 462.9 413.4 416.7 365.5 334.4 309.7 276.1 238.1 226.0 217.2 217.0 197.6 233.4 133.3 116 78.3 69.0 59.2 52.8 48.3 40.6
Operating Income
Operating Income 86.3 49.1 31.2 48.6 65.4 27.2 (12.2) (11.6) 37.0 (5.7) (11.3) (58.6) (56.5) (80.7) (133.4) (92.7) (94.8) (137.3) (141.9) (180.6) (156.2) (182.1) (171.4) (230.2) (207.1) (220.3) (182.5) (204.2) (116.2) (95.2) (79.2) (82.3) (59.9) (59.0) (88.6) (94.5) (75.4) (114.5) (47.9) (44.7) (34.5) (31.5) (26.2) (26.6) (26.6) (22.0)
Interest Expense 0 3.0 14.4 3.0 1.7 0.7 119.5 16.9 16.7 16.3 16.3 16.2 15.9 15.7 15.5 15.3 15.1 14.8 22.4 22.1 21.8 13.7 8.0 7.9 7.8 7.6 7.5 7.4 7.3 7.1 7.0 6.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 19.8 19.3 18.0 13.9 11.1 16.7 18.8 17.6 15.4 12.8 11.2 8.9 5.5 2.6 1.1 0.5 0.6 0.6 0.9 1.2 1.3 1.8 3.0 3.8 4.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 115.6 83.8 52.3 85.6 85.0 55.7 19.2 24.5 74.0 23.6 26.5 (30.0) (31.1) (58.5) (108.3) (71.5) (72.7) (377.8) (307.3) (73.6) (236.9) (223.6) (147.3) (203.7) (182.1) (195.3) (160.6) (183.4) (97.3) (79.0) (59.5) (69.3) (48.2) (47.7) (78.1) (84.7) (65.8) (105.9) (40.5) (37.5) (29.7) (27.4) (22.2) (23.0) (23.0) (19.3)
EBIT 97.5 65.4 34.2 67.5 66.8 37.6 1.0 5.9 55.8 5.4 9.2 (49.6) (50.7) (78.3) (129.2) (93.1) (95.0) (401.0) (331.1) (97.1) (260.5) (247.1) (171.4) (227.9) (205.2) (217.7) (182.5) (204.2) (116.2) (95.2) (73.8) (82.3) (59.9) (59.0) (88.6) (94.5) (75.4) (114.5) (47.9) (44.7) (34.5) (31.5) (26.2) (26.6) (26.6) (22.0)
Income Before Tax 97.5 65.6 45.1 64.6 65.1 36.8 (118.5) (10.9) 39.1 (11.0) (7.1) (65.8) (66.6) (94.1) (144.7) (108.4) (110.1) (415.8) (353.5) (119.2) (282.2) (260.8) (181.1) (235.8) (212.9) (225.4) (187.2) (207.4) (120.6) (97.9) (83.3) (86.5) (60.7) (59.2) (89.2) (94.2) (75.8) (140.2) (48.9) (46.8) (36.7) (32.1) (27.5) (28.3) (29.1) (23.3)
Income Tax Expense (5.5) 3.5 6.5 1.2 8.7 6.9 7.6 4.7 6.3 4.9 6.2 5.2 4.2 5.4 6.3 3.6 5.3 4.0 4.7 4.4 5.1 4.2 4.2 4.9 4.6 3.9 7.1 2.4 2.2 (3.6) 4.1 (0.8) 1.9 2.3 1.5 2.6 0.5 0.1 1.0 0.0 0.5 0.5 0.3 0.2 0.3 0.2
Net Income 103.0 62.1 38.6 63.4 56.4 29.9 (126.1) (15.6) 32.8 (15.9) (13.3) (71.0) (70.8) (99.1) (151.0) (111.6) (115.1) (419.9) (358.2) (123.6) (287.4) (265.0) (185.3) (240.7) (217.6) (229.3) (194.3) (209.8) (122.8) (94.3) (87.4) (85.7) (62.6) (61.5) (90.7) (112.0) (93.2) (162.2) (49.9) (46.8) (37.2) (32.6) (27.8) (28.5) (29.4) (23.5)
Per Share Data
EPS (Basic) 0.38 0.23 0.14 0.24 0.21 0.11 -0.51 -0.06 0.13 -0.07 -0.06 -0.30 -0.31 -0.44 -0.67 -0.50 -0.53 -1.95 -1.68 -0.60 -1.42 -1.31 -0.93 -1.23 -1.13 -1.21 -1.04 -1.15 -0.68 -0.54 -0.51 -0.51 -0.39 -0.39 -0.59 -0.78 -0.66 -1.17 -0.37 -0.39 -0.31 -0.27 -0.23 -0.24 -0.77 -0.65
EPS (Diluted) 0.36 0.21 0.13 0.22 0.19 0.10 -0.51 -0.06 0.11 -0.07 -0.06 -0.30 -0.31 -0.44 -0.67 -0.50 -0.53 -1.95 -1.68 -0.60 -1.42 -1.31 -0.93 -1.23 -1.13 -1.21 -1.04 -1.15 -0.68 -0.54 -0.51 -0.51 -0.39 -0.39 -0.59 -0.78 -0.66 -1.17 -0.37 -0.39 -0.31 -0.27 -0.23 -0.24 -0.77 -0.65
Shares Outstanding 269.1 269.9 268.7 267.6 267.1 266.6 247.9 245.8 243.9 241.5 237.8 234.7 228.4 228.5 225.4 222.5 218.8 215.5 212.6 207.7 202.5 203.1 200.2 196.4 192.7 189.7 186.4 183.0 179.4 175.4 171.2 166.8 161.7 156.8 152.6 144.1 142.0 139.2 136.4 121.3 121.3 121.3 121.3 121.3 38.2 36.0
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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3
Current Assets
Cash & Cash Equivalents 603.4 780.4 769.5 872.6 1,072.2 716.6 655.3 598.0 679.2 612.5 512.9 439.9 406.6 480.6 402.9 386.7 400.7 351.0 285.7 274.7 298.7 504.5 318.7 262.3 211.7 233.8 396.7 445.1 466.0 399.8 306.0 376.8 610.4 132.5 138.4 200.8 226.0 225.5 99.2 90.7
Short-Term Investments 1,270.6 1,281.8 1,223.2 1,009.9 670.7 358.8 339.1 1,053.4 964.7 958.7 924.5 918.6 904.8 907.4 921.4 913.9 891.0 925.1 928.0 980.1 990.1 813.6 401.0 469.8 607.3 655.6 512.2 495.6 499.9 565.2 628.3 546.7 307.8 233.5 210.7 149.6 129.1 121.6 86.0 101.1
Net Receivables 260.6 346.8 348.3 280.0 335.5 206.2 237.8 232.5 195.9 140.6 163.2 141.4 161.2 90 132.1 187.4 166.3 124.6 189.1 151.3 172.5 191.8 259.5 236.7 247.3 214.9 250.5 244.4 247.6 237.7 258.3 194.3 179.2 171.6 178.9 170.3 151.2 147.7 110.7 63.5
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 16.2
Other Current Assets 331.5 240.8 248.1 32.6 32.0 29.1 26.5 35.9 32.4 24.6 56.1 55.4 57.3 33.1 37.4 28.4 14.1 12.7 12.1 13.4 15.4 15.5 14.4 63.2 65.7 61.7 12.0 73.7 49.5 39.6 36.8 36.6 31.5 28.9 28.4 44.3 18.2 16.3 16.1 16.2
Total Current Assets 2,466.1 2,639.0 2,589.2 2,263.7 2,182.1 1,372.5 1,321.4 1,990.8 1,941.8 1,791.8 1,741.7 1,615.2 1,582.4 1,562.2 1,542.6 1,567.3 1,512.1 1,441.9 1,451.3 1,463.9 1,523.7 1,558.1 1,025.3 1,032.0 1,132.0 1,165.9 1,229.0 1,258.9 1,263.0 1,242.3 1,229.4 1,154.4 1,129.0 566.4 556.3 565.0 524.6 511.1 312.0 285.6
Non-Current Assets
Property, Plant & Equipment 322.7 269.5 277.3 285.9 250.8 251.0 245.3 211.7 212.5 206.5 205.4 213.3 219.3 222.9 232.2 200.9 209.1 221.3 237.5 245.6 253.0 259.7 270.5 282.2 279.1 263.5 137.0 134.6 125.9 104.8 85.1 76.3 69.1 67.6 58.1 53.5 51.9 46.3 42.2 38.7
Goodwill 185.2 185.2 185.2 185.2 185.2 185.2 185.2 185.2 185.2 184.9 184.9 185.3 185.3 185.3 185.3 185.3 185.3 185.3 185.3 185.3 185.3 185.3 185.3 185.3 185.3 185.3 185.2 185.2 184.8 185.0 87.8 88.3 16.7 16.7 16.7 16.6 16.8 16.8 0 0
Intangible Assets 2.2 2.4 2.6 2.8 3.4 4.3 5.2 6.0 6.9 3.7 4.9 7.3 9.9 12.7 15.8 19.8 23.9 27.9 32.0 36.4 40.7 45.0 49.4 53.7 58.1 62.4 66.8 71.1 75.5 79.8 45.4 47.8 23.5 24.9 26.0 26.6 27.2 27.8 0 0
Long-Term Investments 0.0 0.0 0.0 0.0 0.3 0.4 0.4 2.1 2.1 2.2 2.8 2.8 3.1 2.9 3.0 3.3 3.1 3.2 3.1 3.3 3.2 3.0 3.3 1.1 3.1 3.1 2.8 1.1 1.2 1.1 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 300.6 227.9 228.8 359.0 367.1 367.9 386.4 379.1 380.9 381.5 387.1 372.2 371.6 371.5 386.8 379.3 382.2 375.0 368.2 331.2 305.5 264.8 234.8 219.0 205.7 186.1 160.7 147.8 167.8 160.1 152.2 108.6 106.9 89.3 81.2 56.5 50.2 46.2 44.9 21.6
Total Non-Current Assets 810.8 685.0 694.0 832.9 806.9 808.9 822.5 784.1 787.7 778.9 785.2 780.8 789.1 795.2 823.1 788.6 803.5 812.6 826.2 801.7 787.8 757.8 743.2 741.3 731.3 700.4 557.1 542.9 558.2 530.8 370.5 321.0 216.2 198.5 181.9 153.3 146.1 137.1 87.1 60.3
Total Assets 3,276.9 3,324.0 3,283.2 3,096.6 2,989.0 2,181.4 2,143.9 2,774.9 2,729.5 2,570.6 2,526.9 2,396.0 2,371.5 2,357.4 2,365.7 2,355.9 2,315.6 2,254.6 2,277.5 2,265.6 2,311.5 2,315.9 1,768.5 1,773.3 1,863.3 1,866.4 1,786.0 1,801.8 1,821.1 1,773.1 1,599.9 1,475.4 1,345.2 764.9 738.2 718.3 670.7 648.3 399.1 345.9
Current Liabilities
Account Payables 96.1 88.0 81.6 49.6 45.9 44.7 45.1 40.3 39.5 35.8 29.9 34.2 44.1 30.8 44.9 53.4 46.9 43.2 47.1 56.6 52.5 48.3 54.0 68.2 76.5 83.4 74.0 82.6 69.0 69.5 65.5 71.4 56.3 68.6 73.7 83.9 65.2 57.3 52.1 26.5
Short-Term Debt 33.1 24.1 23.2 28.8 25.8 27.6 28.1 27.8 32.9 32.5 33.1 34.8 36.6 181.9 187.9 192.2 191.3 45.0 44.4 42.4 41.3 41.1 36.6 34.4 31.7 30.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 1,119.5 1,080.9 1,054.0 1,008.7 1,024.4 968.6 954.5 923.6 893.9 877.5 823.7 806.0 787.5 768.9 721.0 721.9 703.8 662.5 636.4 605.0 578.7 549.9 534.6 503.3 472.7 429.4 396.7 361.4 337.4 307.2 275.6 243.8 231.7 190.6 233.5 207.0 186.3 165.8 130.6 102.6
Other Current Liabilities 27.0 25.1 24.2 42.6 49.7 49.0 50.9 56.6 59.4 49.4 135.1 125.3 127.0 65.4 75.9 56.1 48.0 43.0 45.9 19.2 17.1 16.2 16.2 21.8 23.9 17.4 19.1 17.1 12.8 9.0 10.8 8.7 7.1 5.5 5.8 5.6 4.6 4.1 28.7 104.1
Total Current Liabilities 1,490.6 1,399.8 1,413.5 1,281.6 1,317.6 1,220.6 1,244.3 1,183.6 1,162.8 1,099.6 1,136.1 1,132.8 1,112.3 1,147.8 1,160.6 1,135.9 1,127.0 904.8 927.9 861.1 849.6 779.6 760.2 713.4 724.7 655.2 599.3 539.1 509.4 470.9 458.2 388.0 374.6 319.0 311.1 356.7 294.5 258.1 212.8 152.8
Non-Current Liabilities
Long-Term Debt 1,346.3 1,345.0 1,343.8 1,342.6 1,341.4 570.5 570.1 1,272.0 1,250.4 1,239.2 1,218.2 1,207.3 1,186.8 1,176.3 1,156.2 1,146.0 1,126.5 1,261.7 1,055.7 1,038.0 1,011.7 994.6 490.2 482.2 474.3 466.5 458.9 451.4 444.0 436.7 429.6 422.6 415.7 0 0 0 0 0 73.3 73.2
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 0 324.4
Other Non-Current Liabilities 30.1 46.2 45.9 39.2 44.0 43.8 42.5 28.3 31.2 25.2 30.0 24.5 28.7 22.8 27.4 22.8 30.0 32.3 536.3 347.9 433.1 329.0 27.4 19.6 17.1 16.8 27.5 29.1 39.8 39.5 29.7 14.1 8.2 11.1 11.1 10.3 9.9 8.9 13.1 0.8
Total Non-Current Liabilities 2,617.7 2,592.8 2,564.2 2,526.5 2,479.1 1,646.0 1,627.7 2,210.8 2,178.4 2,113.3 2,098.2 2,052.2 2,041.9 2,000.7 2,005.7 1,941.8 1,914.2 2,048.5 2,361.6 2,151.2 2,220.3 2,093.6 1,283.3 1,244.0 1,204.8 1,147.6 999.8 957.3 926.3 870.8 814.9 732.8 670.2 229.4 210.1 266.3 244.3 218.5 252.3 525.3
Total Liabilities 4,108.2 3,992.6 3,977.7 3,808.1 3,796.7 2,866.6 2,872.1 3,394.4 3,341.2 3,212.9 3,234.3 3,185.1 3,154.2 3,148.5 3,166.3 3,077.8 3,041.2 2,953.3 3,289.5 3,012.3 3,069.8 2,873.2 2,043.5 1,957.4 1,929.4 1,802.9 1,599.1 1,496.4 1,435.6 1,341.8 1,273.1 1,120.8 1,044.7 548.3 521.1 623.1 538.8 476.6 775.4 678.1
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
Retained Earnings (4,986.4) (4,873.1) (4,895.7) (4,894.4) (4,928.6) (4,831.8) (4,847.2) (4,702.4) (4,652.3) (4,658.5) (4,632.9) (4,619.6) (4,548.7) (4,467.1) (4,378.4) (4,217.0) (4,105.4) (3,990.3) (3,627.4) (3,269.2) (3,145.5) (2,858.1) (2,522.2) (2,336.8) (2,096.2) (1,878.6) (1,649.3) (1,455.0) (1,245.2) (1,122.4) (1,028.1) (940.8) (855.1) (792.5) (899.8) (809.2) (697.2) (604.0) (441.9) (392.0)
Accumulated Other Comprehensive Income 4.1 3.6 0.7 3.4 0.4 0.6 0.1 (3.7) 0.9 (4.4) (5.2) (4.3) (5.8) (9.7) (6.1) (6.1) (2.4) (0.7) (0.0) 0.1 0.6 0.9 2.0 1.6 1.1 1.2 0.7 0.3 (0.1) (1.2) (1.0) (1.2) (0.7) (0.2) (0.1) (0.1) (0.2) (0.0) (0.0) (0.0)
Total Stockholders' Equity (831.3) (668.6) (694.5) (711.4) (807.7) (685.3) (728.1) (619.5) (611.7) (642.2) (707.4) (789.1) (782.7) (791.0) (800.5) (721.9) (725.6) (698.7) (1,012.0) (746.8) (758.4) (557.4) (275.0) (184.0) (66.1) 63.5 186.9 305.4 385.5 431.3 326.8 354.6 300.5 216.6 48.2 95.2 131.9 171.7 (56.3) (332.2)
Total Liabilities & Equity 3,276.9 3,324.0 3,283.2 3,096.6 2,989.0 2,181.4 2,143.9 2,774.9 2,729.5 2,570.6 2,526.9 2,396.0 2,371.5 2,357.4 2,365.7 2,355.9 2,315.6 2,254.6 2,277.5 2,265.6 2,311.5 2,315.9 1,768.5 1,773.3 1,863.3 1,866.4 1,786.0 1,801.8 1,821.1 1,773.1 1,599.9 1,475.4 1,345.2 764.9 726.1 718.3 670.7 648.3 399.1 345.9
Debt Metrics
Total Debt 1,543.0 1,480.5 1,482.8 1,495.6 1,465.7 704.1 695.2 1,386.4 1,365.5 1,352.9 1,329.9 1,325.2 1,311.0 1,447.1 1,441.7 1,401.1 1,392.4 1,390.4 1,193.3 1,176.8 1,160.8 1,149.2 643.6 640.0 635.4 614.9 458.9 451.4 444.0 436.7 429.6 422.6 415.7 0 0 0 0 0 73.3 73.2
Net Debt 939.6 700.1 713.3 623.0 393.6 (12.5) 39.9 788.4 686.2 740.4 817.0 885.3 904.4 966.5 1,038.9 1,014.3 991.6 1,039.4 907.5 902.1 862.1 644.7 324.8 377.7 423.7 381.1 62.2 6.3 (22.0) 37.0 123.6 45.8 (194.8) (132.5) (138.4) (200.8) (226.0) (225.5) (111.9) (17.5)
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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3
Operating Activities
Net Income 103.0 62.1 38.6 63.4 56.4 29.9 (126.1) (15.6) 32.8 (15.9) (13.3) (71.0) (70.8) (99.1) (151.0) (111.6) (115.1) (419.9) (358.2) (123.6) (287.4) (265.0) (185.3) (240.7) (217.6) (229.3) (194.3) (209.8) (122.8) (94.3) (87.4) (85.7) (62.6) (61.5) (90.7) (112.0) (93.2) (162.2) (49.9) (46.8)
Depreciation & Amortization 18.0 18.4 18.2 18.0 18.2 18.2 18.2 18.6 18.2 18.2 17.3 19.6 19.6 19.8 20.8 21.5 22.3 23.3 23.8 23.5 23.6 23.5 24.1 24.2 23.1 22.5 21.9 20.7 18.8 16.2 14.3 13.0 11.7 11.3 10.5 9.8 9.6 8.6 7.4 7.2
Stock-Based Compensation 102.6 77.8 85.2 84.2 93.4 88.7 81.6 82.3 86.0 84.0 72.6 72.9 85.3 81.0 80.1 84.5 88.0 90.5 89.6 95.3 84.5 89.2 92.9 92.1 85.6 81.4 73.4 94.8 72.6 65.9 55.4 44.9 42.0 35.5 37.8 50.4 52.6 90.7 4.7 5.0
Change in Working Capital (27.9) 27.5 68.6 46.7 (18.4) 18.4 143.6 (8.1) 29.8 39.2 (26.5) 32.3 17.4 40.8 60.7 (23.7) 4.5 23.1 3.0 0.7 29.1 57.0 55.6 23.6 38.1 84.8 82.8 51.1 63.0 56.4 33.2 33.9 58.8 24.3 46.4 36.0 50.2 42.2 41.3 35.6
Other Non-Cash Items 1.2 11.1 8.9 6.2 72.0 6.5 127.4 19.2 180.6 19.9 8.1 20.7 22.5 23.0 27.3 26.2 26.0 26.9 30.7 33.7 33.0 23.7 16.4 15.9 15.3 14.4 6.6 6.6 6.9 5.6 7.2 7.2 (3.5) 0.4 1.9 (0.2) 0.6 0.4 0.5 1.0
Operating Cash Flow 197.3 196.8 219.5 218.5 221.7 161.8 244.7 96.4 186.4 145.5 58.3 74.5 74.1 65.5 38.0 (3.2) 25.8 6.9 (24.6) (55.5) (15.6) (4.1) 3.6 (84.9) (52.5) (26.2) (9.7) (36.5) 38.5 49.8 22.7 13.3 46.4 10.1 5.9 (16.0) 19.8 4.2 2.4 2.4
Investing Activities
Capital Expenditure (5.9) (22.3) (11.8) (15.1) (34.6) (9.8) (20.4) (18.0) (23.8) (13.0) (12.8) (21.8) (11.1) (19.7) (14.8) (16.9) (8.5) (8.8) (17.5) (15.9) (12.9) (12.3) (17.4) (32.6) (21.2) (18.2) (23.6) (22.4) (42.6) (29.8) (16.3) (14.1) (14.0) (18.0) (12.4) (13.2) (12.7) (11.9) (8.9) (13.4)
Acquisitions 0 0 0 0 0 0 0 0 (4.5) 29.2 5.9 0 0 (11.5) (66.6) 66.6 0 0 0 0 0 0 (19.0) 0 0 0 (3.2) (0.4) 0 (18.7) 0.6 (22.8) 0 0 0.2 0 0 (0.2) 0 0
Purchases of Investments (182.7) (290.1) (418.2) (448.2) (383.1) (110.0) (131.2) (284.8) (177.1) (278.2) (244.1) (202.3) (252.8) (256.2) (287.1) (238.0) (266.1) (290.1) (247.4) (285.8) (345.6) (514.0) (82.6) (107.9) (95.2) (321.5) (143.6) (157.5) (87.3) (79.8) (230.6) (302.7) (124.0) (59.1) (86.1) (38.9) (30.1) (87.4) (20.6) (54.2)
Sales/Maturities of Investments 195.9 237.9 204.3 112.7 70.5 91.6 855.1 196.3 180.2 249.0 242.1 193.9 261.4 267.7 279.2 210.2 296.7 290.0 297.5 292.8 166.3 97.6 151.8 246.0 144.2 179.3 128.2 163.0 154.2 143.4 149.6 62.9 49.0 35.9 24.6 18.3 22.3 51.6 35.5 26.3
Other Investing Activities 0 0 0 0 0 0 0 0 0 (29.2) 0 0 0 11.5 66.6 (66.6) 0 0 0 0 0 0 19.0 0 0 0 3.2 0 0 0 0 0 0 0 (0.2) 0 0 0 0 0
Investing Cash Flow 7.2 (74.5) (225.6) (350.6) (347.3) (28.2) 703.4 (106.5) (25.1) (42.2) (8.9) (30.2) (2.4) (8.2) (22.6) (44.7) 22.0 (8.9) 32.6 (8.9) (192.2) (428.7) 51.7 105.4 27.8 (160.4) (39) (17.3) 24.3 15.1 (96.8) (276.6) (89.0) (41.2) (73.9) (33.7) (20.6) (48.0) 6.0 (41.3)
Financing Activities
Net Debt Issuance 0 0 (1.7) (1.0) 751.6 (1.0) (818.6) (1.2) (1.1) (0.6) 0.4 (1.4) (146.2) (1.9) (0.5) (0.7) (0.1) 88.9 (0.5) 0 (0.1) 723.8 0 0 0 0 (0.1) 0 (0.1) (1.0) (0.6) (0.3) 564.2 0 0 0 0 (82.1) (0.1) 73.3
Stock Repurchased (332.9) (50.2) (50.0) (37.8) (200) (20.1) (25.0) (46.9) (41.7) (17.5) 0 0 0 0 0 0 0 (58.6) 0 0 0 (125.1) 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 0 0 0 0
Other Financing Activities (48.7) (90.2) (45.7) (29.0) (71.7) (51.2) (49.0) (22.9) (53.2) 13.8 0 (10.2) 0 0 0 0 0 36.9 0 0 0 19.6 0 0 0 0 0.1 (1.0) 0.1 (0.1) 72.0 (1.4) (143.2) 0 0.1 24.5 1.3 (2.3) 0.2 0.6
Financing Cash Flow (381.6) (111.4) (97.0) (67.7) 481.1 (72.2) (892.6) (71.0) (94.6) (4.4) 23.7 (11.2) (145.5) 20.3 0.7 33.8 1.8 67.3 3.0 40.4 2.2 618.3 1.3 30.0 2.5 24.0 1.9 32.9 3.5 28.8 3.2 29.7 520.6 25.1 5.5 24.5 1.3 170.1 0.1 74.0
Cash Position
Net Change in Cash (177.0) 10.9 (103.1) (199.8) 355.5 61.3 57.2 (81.2) 66.8 98.9 73.0 33.3 (74.0) 77.6 16.1 (14.0) 49.8 62.1 11.0 (24.0) (205.8) 182.5 56.4 50.6 (22.1) (162.6) (48.4) (20.9) 66.2 92.7 (70.8) (233.7) 478.0 (5.9) (62.4) (25.2) 0.5 126.3 8.5 35.1
Cash at Beginning 780.4 769.5 872.6 1,072.5 717.0 655.7 598.0 679.2 612.5 515.8 439.9 406.6 480.6 405.9 386.7 400.7 351.0 288.9 274.7 298.7 504.5 322.0 262.3 211.7 233.8 399.5 445.1 466.0 399.8 307.1 376.8 610.4 132.5 138.4 200.8 226.0 225.5 99.2 90.7 55.6
Cash at End 603.4 780.4 769.5 872.6 1,072.5 717.0 655.3 598.0 679.2 614.7 512.9 439.9 406.6 483.5 402.9 386.7 400.7 351.0 285.7 274.7 298.7 504.5 318.7 262.3 211.7 237.0 396.7 445.1 466.0 399.8 306.0 376.8 610.4 132.5 138.4 200.8 226.0 225.5 99.2 90.7
Free Cash Flow 191.4 174.5 207.8 203.4 187.1 151.9 224.3 78.3 162.6 132.5 45.5 52.7 63.0 45.8 23.2 (20.1) 17.2 (1.9) (42.2) (71.5) (28.5) (16.3) (13.8) (117.5) (73.7) (44.4) (33.3) (58.9) (4.1) 20.0 6.5 (0.8) 32.4 (7.9) (6.5) (29.2) 7.1 (7.8) (6.5) (11.0)
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 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3
Income Statement
Revenue 722.8 670.6 653.3 639.0 654.7 591.0 548.0 524.6 565.2 511.1 494.2 448.6 486.5 433.6 385.5 403.7 413.1 378.5 390.7 344.5 346.4 312.8 327.9 318.3 346.8 314.8 299.9 287.6 335.4 313.3 303.7 289.4 286.7 275.6 226.1 205.7 199.2 188.6 139.8 114.7 74.1 64.5 56.8 46.1 39.1 36.0
Gross Profit 631.7 583.1 569.4 556.0 569.4 508.3 467.0 444.9 483.6 429.1 413.8 366.2 399.7 351.1 305.6 323.8 333.1 297.1 312.2 270.0 275.4 244.8 260.9 246.0 271.5 242.6 230.9 212.5 249.4 239.2 230.5 193.8 178.2 166.9 128.6 122.5 122.4 118.8 85.4 71.3 43.8 37.5 33.0 26.2 21.7 18.6
Operating Income 86.3 49.1 31.2 48.6 65.4 27.2 (12.2) (11.6) 37.0 (5.7) (11.3) (58.6) (56.5) (80.7) (133.4) (92.7) (94.8) (137.3) (141.9) (180.6) (156.2) (182.1) (171.4) (230.2) (207.1) (220.3) (182.5) (204.2) (116.2) (95.2) (79.2) (82.3) (59.9) (59.0) (88.6) (94.5) (75.4) (114.5) (47.9) (44.7) (34.5) (31.5) (26.2) (26.6) (26.6) (22.0)
Net Income 103.0 62.1 38.6 63.4 56.4 29.9 (126.1) (15.6) 32.8 (15.9) (13.3) (71.0) (70.8) (99.1) (151.0) (111.6) (115.1) (419.9) (358.2) (123.6) (287.4) (265.0) (185.3) (240.7) (217.6) (229.3) (194.3) (209.8) (122.8) (94.3) (87.4) (85.7) (62.6) (61.5) (90.7) (112.0) (93.2) (162.2) (49.9) (46.8) (37.2) (32.6) (27.8) (28.5) (29.4) (23.5)
EPS (Diluted) 0.36 0.21 0.13 0.22 0.19 0.10 -0.51 -0.06 0.11 -0.07 -0.06 -0.30 -0.31 -0.44 -0.67 -0.50 -0.53 -1.95 -1.68 -0.60 -1.42 -1.31 -0.93 -1.23 -1.13 -1.21 -1.04 -1.15 -0.68 -0.54 -0.51 -0.51 -0.39 -0.39 -0.59 -0.78 -0.66 -1.17 -0.37 -0.39 -0.31 -0.27 -0.23 -0.24 -0.77 -0.65
Balance Sheet
Cash & Equivalents 603.4 780.4 769.5 872.6 1,072.2 716.6 655.3 598.0 679.2 612.5 512.9 439.9 406.6 480.6 402.9 386.7 400.7 351.0 285.7 274.7 298.7 504.5 318.7 262.3 211.7 233.8 396.7 445.1 466.0 399.8 306.0 376.8 610.4 132.5 138.4 200.8 226.0 225.5 99.2 90.7
Total Assets 3,276.9 3,324.0 3,283.2 3,096.6 2,989.0 2,181.4 2,143.9 2,774.9 2,729.5 2,570.6 2,526.9 2,396.0 2,371.5 2,357.4 2,365.7 2,355.9 2,315.6 2,254.6 2,277.5 2,265.6 2,311.5 2,315.9 1,768.5 1,773.3 1,863.3 1,866.4 1,786.0 1,801.8 1,821.1 1,773.1 1,599.9 1,475.4 1,345.2 764.9 738.2 718.3 670.7 648.3 399.1 345.9
Total Debt 1,543.0 1,480.5 1,482.8 1,495.6 1,465.7 704.1 695.2 1,386.4 1,365.5 1,352.9 1,329.9 1,325.2 1,311.0 1,447.1 1,441.7 1,401.1 1,392.4 1,390.4 1,193.3 1,176.8 1,160.8 1,149.2 643.6 640.0 635.4 614.9 458.9 451.4 444.0 436.7 429.6 422.6 415.7 0 0 0 0 0 73.3 73.2
Stockholders' Equity (831.3) (668.6) (694.5) (711.4) (807.7) (685.3) (728.1) (619.5) (611.7) (642.2) (707.4) (789.1) (782.7) (791.0) (800.5) (721.9) (725.6) (698.7) (1,012.0) (746.8) (758.4) (557.4) (275.0) (184.0) (66.1) 63.5 186.9 305.4 385.5 431.3 326.8 354.6 300.5 216.6 48.2 95.2 131.9 171.7 (56.3) (332.2)
Cash Flow
Operating Cash Flow 197.3 196.8 219.5 218.5 221.7 161.8 244.7 96.4 186.4 145.5 58.3 74.5 74.1 65.5 38.0 (3.2) 25.8 6.9 (24.6) (55.5) (15.6) (4.1) 3.6 (84.9) (52.5) (26.2) (9.7) (36.5) 38.5 49.8 22.7 13.3 46.4 10.1 5.9 (16.0) 19.8 4.2 2.4 2.4
Capital Expenditure (5.9) (22.3) (11.8) (15.1) (34.6) (9.8) (20.4) (18.0) (23.8) (13.0) (12.8) (21.8) (11.1) (19.7) (14.8) (16.9) (8.5) (8.8) (17.5) (15.9) (12.9) (12.3) (17.4) (32.6) (21.2) (18.2) (23.6) (22.4) (42.6) (29.8) (16.3) (14.1) (14.0) (18.0) (12.4) (13.2) (12.7) (11.9) (8.9) (13.4)
Free Cash Flow 191.4 174.5 207.8 203.4 187.1 151.9 224.3 78.3 162.6 132.5 45.5 52.7 63.0 45.8 23.2 (20.1) 17.2 (1.9) (42.2) (71.5) (28.5) (16.3) (13.8) (117.5) (73.7) (44.4) (33.3) (58.9) (4.1) 20.0 6.5 (0.8) 32.4 (7.9) (6.5) (29.2) 7.1 (7.8) (6.5) (11.0)