NUVB - Nuvation Bio Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$20.50
DETAILS
HIGH:
$21.00
LOW:
$20.00
MEDIAN:
$20.50
CONSENSUS:
$20.50
UPSIDE:
195.82%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||
| Revenue | 31.7 | 83.2 | 41.9 | 13.1 | 4.8 | 3.1 | 5.7 | 0.7 | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0.9 | 5.6 | 0.4 | 3.3 | 2.6 | 2.1 | 4.2 | 1.5 | 1.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 30.8 | 77.6 | 41.4 | 9.8 | 2.3 | 1.0 | 1.5 | (0.8) | 0.1 | 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 | 30.7 | 35.0 | 34.3 | 28.8 | 27.4 | 24.6 | 29.3 | 27.7 | 454.3 | 12.8 | 15.4 | 18.6 | 18.6 | 18.8 | 16.9 | 21.3 | 28.9 | 20.7 | 22.0 | 17.1 | 14.0 | 15.9 | 9.3 | 8.6 | 7.3 | 7.3 | 8.8 | 4.0 | 6.1 | 6.1 |
| SG&A Expenses | 42.6 | 38.3 | 40.3 | 37.4 | 38.5 | 35.4 | 26.1 | 19.6 | 16.2 | 7.4 | 5.5 | 7.8 | 7.5 | 7.7 | 7.5 | 8.0 | 8.9 | 7.5 | 7.6 | 5.7 | 6.4 | 4.6 | 4.4 | 2.9 | 1.7 | 1.9 | 1.8 | 1.4 | 1.9 | 1.9 |
| Other Expenses | 8.6 | 0.4 | 0.9 | 0 | 0 | 0 | 0 | 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 | 81.8 | 73.7 | 75.5 | 66.2 | 65.8 | 60.0 | 55.4 | 47.3 | 470.5 | 20.2 | 20.8 | 26.3 | 26.1 | 26.5 | 24.3 | 29.3 | 37.9 | 28.2 | 29.6 | 22.8 | 20.4 | 20.5 | 13.8 | 11.5 | 9.0 | 9.2 | 10.6 | 5.5 | 8.0 | 8.0 |
| Operating Income | ||||||||||||||||||||||||||||||
| Operating Income | (51.0) | 3.9 | (34.0) | (56.4) | (63.6) | (59.0) | (53.9) | (48.1) | (470.4) | (20.2) | (20.8) | (26.3) | (26.1) | (26.5) | (24.3) | (29.3) | (37.9) | (28.2) | (29.6) | (22.8) | (20.4) | (20.5) | (13.8) | (11.5) | (9.0) | (9.2) | (10.6) | (5.5) | (8.0) | (8.0) |
| Interest Expense | 6.8 | 6.7 | 6.7 | 6.5 | 0.4 | 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 |
| Interest Income | 4.6 | 5.1 | 5.3 | 6.0 | 4.8 | 5.3 | 6.1 | 6.7 | 7.1 | 7.1 | 7.0 | 6.5 | 6.1 | 5.0 | 3.5 | 2.1 | 0.8 | 1.0 | 0.9 | 0.8 | 0.8 | 0.4 | 0.5 | 0.4 | 0.5 | 0.5 | 0.6 | 0.6 | 1.3 | 1.3 |
| Profitability | ||||||||||||||||||||||||||||||
| EBITDA | (55.5) | 12.6 | (29.4) | (54.8) | (58.2) | (52.9) | (49.1) | (40.9) | (462.1) | (14.7) | (13.7) | (19.6) | (20.6) | (21.7) | (20.8) | (27.1) | (34.8) | (21.2) | (25.1) | (21.9) | (19.3) | (20.5) | (13.7) | (11.5) | (9.0) | (9.2) | (10.6) | (5.5) | 0 | 0 |
| EBIT | (56.1) | 12.1 | (29.9) | (55.3) | (58.6) | (53.2) | (49.4) | (41.1) | (462.4) | (14.8) | (13.8) | (19.6) | (20.6) | (21.7) | (20.8) | (27.2) | (34.9) | (21.3) | (25.1) | (22.0) | (19.3) | (20.5) | (13.8) | (11.5) | (9.0) | (9.2) | (10.6) | (5.5) | (8.0) | (8.0) |
| Income Before Tax | (62.8) | 5.4 | (36.6) | (55.8) | (59.0) | (53.2) | (49.4) | (41.2) | (462.5) | (14.8) | (13.8) | (19.6) | (20.6) | (21.7) | (20.8) | (27.2) | (34.9) | (21.3) | (25.1) | (22.0) | (19.3) | (20.4) | (13.3) | (11.0) | (8.6) | (8.7) | (10.0) | (4.9) | (9.3) | (9.3) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (62.8) | 5.4 | (36.6) | (55.8) | (59.0) | (53.2) | (49.4) | (41.2) | (462.5) | (14.8) | (13.8) | (19.6) | (20.6) | (21.7) | (20.8) | (27.2) | (34.9) | (21.3) | (25.1) | (22.0) | (19.3) | (20.4) | (13.3) | (11.0) | (8.6) | (8.7) | (10.0) | (4.9) | (9.3) | (9.3) |
| Per Share Data | ||||||||||||||||||||||||||||||
| EPS (Basic) | -0.18 | 0.02 | -0.11 | -0.16 | -0.17 | -0.16 | -0.15 | -0.15 | -1.89 | -0.07 | -0.06 | -0.09 | -0.09 | -0.10 | -0.10 | -0.12 | -0.16 | -0.10 | -0.12 | -0.11 | -0.09 | -0.12 | -0.10 | -0.05 | -0.04 | -0.04 | -0.04 | -0.02 | -0.05 | -0.05 |
| EPS (Diluted) | -0.18 | 0.01 | -0.11 | -0.16 | -0.17 | -0.16 | -0.15 | -0.15 | -1.89 | -0.07 | -0.06 | -0.09 | -0.09 | -0.10 | -0.10 | -0.12 | -0.16 | -0.10 | -0.12 | -0.11 | -0.09 | -0.12 | -0.10 | -0.05 | -0.04 | -0.04 | -0.04 | -0.02 | -0.05 | -0.05 |
| Shares Outstanding | 348.8 | 347.3 | 344.3 | 342.4 | 340.7 | 338.6 | 336.9 | 273.6 | 244.7 | 219.0 | 218.9 | 218.9 | 218.8 | 218.7 | 218.5 | 218.3 | 216.6 | 213.4 | 202.5 | 207.1 | 204.0 | 169.7 | 133.6 | 217.7 | 217.7 | 217.7 | 237.4 | 221.8 | 183.7 | 183.7 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 258.6 | 125.4 | 164.1 | 98.9 | 248.0 | 48.0 | 35.7 | 30.0 | 34.3 | 34.5 | 42.6 | 24.4 | 50.1 | 30.1 | 101.1 | 138.7 | 102.3 | 106.2 | 132.4 | 344.6 | 449.5 | 638.9 | 29.8 | 8.3 | 9.3 | 0 | 3.5 | (0.1) |
| Short-Term Investments | 402.4 | 408.3 | 365.1 | 450.1 | 359.8 | 413.7 | 467.0 | 519.1 | 542.9 | 562.5 | 568.6 | 594.9 | 580.8 | 616.5 | 559.9 | 535.3 | 601.5 | 631.5 | 633.0 | 447.2 | 357.1 | 185.8 | 186.0 | 88.4 | 95.3 | 0 | 115.4 | 0.3 |
| Net Receivables | 31.7 | 26.0 | 19.4 | 13.8 | 6.7 | 5.5 | 16.3 | 4.3 | 4.0 | 4.3 | 3.7 | 3.0 | 2.8 | 2.3 | 2.5 | 2.4 | 2.7 | 2.5 | 3.0 | 1.8 | 2.0 | 1.0 | 1.1 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 19.9 | 15.8 | 11.4 | 5.7 | 0.6 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 13.9 | 16.0 | 11.5 | 8.9 | 8.3 | 8.4 | 7.3 | 11.6 | 6.0 | 6.8 | 1.5 | 3.0 | 3.5 | 3.7 | 3.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.9 | 1.1 | 0.7 | 0 | 0.8 | 0 |
| Total Current Assets | 726.4 | 591.5 | 571.5 | 577.5 | 623.2 | 475.6 | 526.3 | 565.0 | 587.2 | 608.1 | 616.4 | 625.3 | 637.2 | 652.6 | 667.3 | 681.4 | 714.3 | 748.0 | 772.1 | 796.6 | 813.1 | 830.9 | 220.7 | 98.3 | 105.8 | 0 | 119.9 | 0.1 |
| Non-Current Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment | 4.0 | 4.1 | 4.5 | 4.9 | 5.3 | 5.9 | 3.0 | 3.2 | 3.5 | 3.9 | 4.3 | 4.8 | 4.0 | 4.4 | 4.7 | 5.0 | 5.3 | 3.3 | 3.7 | 0.8 | 0.8 | 0.8 | 0.7 | 0.7 | 0.7 | 0 | 0.6 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 10.3 | 10.8 | 11.2 | 11.7 | 12.1 | 4.4 | 4.6 | 2.8 | 2.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 3.8 | 3.8 | 7.6 | 7.5 | 6.6 | 6.6 | 6.8 | 0.6 | 1.2 | 1.2 | 0.7 | 0.7 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0 | 0.4 | (0.1) |
| Total Non-Current Assets | 18.1 | 18.7 | 23.3 | 24.0 | 24.0 | 16.9 | 14.4 | 6.6 | 7.6 | 5.1 | 5.0 | 5.5 | 4.2 | 4.5 | 4.8 | 5.1 | 5.5 | 3.8 | 4.1 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 0 | 1.1 | (0.1) |
| Total Assets | 744.5 | 610.2 | 594.8 | 601.6 | 647.2 | 492.5 | 540.6 | 571.6 | 594.8 | 613.1 | 621.5 | 630.9 | 641.4 | 657.1 | 672.1 | 686.5 | 719.7 | 751.8 | 776.2 | 797.8 | 814.3 | 832.1 | 221.8 | 99.4 | 106.9 | 0 | 121.0 | 0 |
| Current Liabilities | ||||||||||||||||||||||||||||
| Account Payables | 12.1 | 22.4 | 9.5 | 15.4 | 22.4 | 10.5 | 6.3 | 12.4 | 5.2 | 2.4 | 2.2 | 2.4 | 2.6 | 2.9 | 2.1 | 3.0 | 12.7 | 9.7 | 3.9 | 5.2 | 4.5 | 6.0 | 2.2 | 4.3 | 1.5 | 0 | 2.0 | 0 |
| Short-Term Debt | 5.9 | 7.6 | 7.6 | 5.6 | 5.6 | 5.7 | 6.3 | 8.4 | 11.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 8.9 | 0 | 0 | 6.7 | 9.7 | 10.8 | 11.1 | 12.9 | 12.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 13.0 | 49.5 | 65.1 | 6.0 | 2.8 | 0 | 14.8 | 0 | 0 | 0 | 4.3 | 0 | 0 | 0 | 4.0 | 0 | 0 | 0 | 6.2 | 0 | 5.6 | 4.0 | 3.2 | 0.5 | 0 | 0 | 0.0 | 0 |
| Total Current Liabilities | 86.8 | 79.5 | 82.2 | 68.1 | 66.4 | 52.8 | 58.2 | 59.0 | 51.1 | 15.8 | 14.0 | 16.1 | 13.4 | 12.6 | 13.2 | 14.0 | 21.3 | 21.4 | 16.9 | 13.3 | 10.1 | 10.0 | 6.6 | 7.4 | 3.9 | 0 | 3.2 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||
| Long-Term Debt | 244.5 | 2.2 | 2.5 | 47.1 | 47.0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 8.2 | 57.1 | 58.5 | 146.4 | 145.1 | 2.8 | 2.1 | 0.9 | 276.4 | 1.8 | 0.4 | 0.6 | 1.0 | 0.7 | 0.8 | 1.2 | 1.6 | 4.7 | 11.0 | 15.1 | 15.1 | 15.6 | 0.2 | 0.1 | 0.1 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 403.9 | 211.2 | 206.9 | 207.5 | 208.0 | 20.3 | 18.6 | 9.8 | 286.5 | 3.3 | 2.4 | 3.1 | 3.4 | 3.4 | 3.9 | 4.5 | 5.4 | 6.8 | 13.2 | 15.1 | 15.2 | 15.7 | 0.2 | 0.1 | 0.1 | 0 | 0 | 0 |
| Total Liabilities | 490.6 | 290.7 | 289.1 | 275.7 | 274.3 | 73.0 | 76.8 | 68.9 | 337.6 | 19.1 | 16.4 | 19.3 | 16.8 | 16.0 | 17.1 | 18.6 | 26.7 | 28.2 | 30.2 | 28.4 | 25.3 | 25.7 | 6.7 | 7.6 | 4.1 | 0 | 3.2 | 0.7 |
| Stockholders' Equity | ||||||||||||||||||||||||||||
| Common Stock | 1,429.3 | 1,431.2 | 1,421.3 | 1,404.8 | 1,396.2 | 1,382.9 | 1,374.0 | 1,362.6 | 1,078.5 | 952.8 | 947.7 | 943.9 | 938.4 | 932.7 | 927.6 | 922.2 | 919.0 | 913.9 | 910.0 | 906.6 | 903.9 | 901.7 | 289.5 | 10.8 | 10.5 | 0 | 9.8 | 0 |
| Retained Earnings | (1,172.8) | (1,110.0) | (1,115.4) | (1,078.8) | (1,023.0) | (964.0) | (910.7) | (861.3) | (820.1) | (357.6) | (342.8) | (329.0) | (309.4) | (288.7) | (267.0) | (246.2) | (219.0) | (184.1) | (162.8) | (137.7) | (115.7) | (96.4) | (76.0) | (62.7) | (51.6) | 0 | (34.3) | 0 |
| Accumulated Other Comprehensive Income | (2.6) | (1.7) | (0.2) | (0.1) | (0.3) | 0.5 | 0.6 | 1.4 | (1.3) | (1.2) | 0.2 | (3.3) | (4.4) | (2.9) | (5.5) | (8.1) | (7.0) | (6.2) | (1.2) | 0.4 | 0.8 | 1.0 | 1.6 | 1.8 | 2.2 | 0 | 0.4 | (0.7) |
| Total Stockholders' Equity | 253.9 | 319.6 | 305.7 | 325.9 | 372.9 | 419.5 | 463.8 | 502.7 | 257.2 | 594.0 | 605.1 | 611.6 | 624.6 | 641.1 | 655.1 | 667.9 | 693.1 | 723.6 | 746.0 | 769.4 | 788.9 | 806.3 | 215.1 | 91.8 | 102.9 | 0 | 117.7 | (0.7) |
| Total Liabilities & Equity | 744.5 | 610.2 | 594.8 | 601.6 | 647.2 | 492.5 | 540.6 | 571.6 | 594.8 | 613.1 | 621.5 | 630.9 | 641.4 | 657.1 | 672.1 | 686.5 | 719.7 | 751.8 | 776.2 | 797.8 | 814.3 | 832.1 | 221.8 | 99.4 | 106.9 | 0 | 121.0 | (0.7) |
| Debt Metrics | ||||||||||||||||||||||||||||
| Total Debt | 252.1 | 9.8 | 10.1 | 57.5 | 57.8 | 11.4 | 8.9 | 11.2 | 14.7 | 3.5 | 4.0 | 4.5 | 3.7 | 4.0 | 4.3 | 4.5 | 4.7 | 2.8 | 3.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | (6.5) | (115.6) | (153.9) | (41.3) | (190.2) | (36.6) | (26.8) | (18.8) | (19.6) | (31.0) | (38.6) | (19.9) | (46.4) | (26.1) | (96.8) | (134.2) | (97.6) | (103.4) | (129.4) | (344.6) | (449.5) | (638.9) | (29.8) | (8.3) | (9.3) | 0 | (3.5) | 0.1 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | (5.4) | 5.4 | 168.0 | (55.8) | (59.0) | (53.2) | (49.4) | (41.2) | (462.5) | (14.8) | (13.8) | (19.6) | (20.6) | (21.7) | (20.8) | (27.2) | (34.9) | (21.3) | (25.1) | (22.0) | (19.3) | (20.4) | (13.3) | (11.0) | (8.6) | (8.7) | (10.0) | (4.9) | (9.3) | (9.3) |
| Depreciation & Amortization | (0.5) | 0.5 | (1.2) | 0.5 | 0.4 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Stock-Based Compensation | (9.0) | 9.0 | (27.9) | 8.0 | 12.0 | 7.9 | 10.2 | 7.5 | 9.6 | 5.0 | 3.7 | 5.4 | 5.5 | 4.8 | 5.0 | 2.9 | 4.8 | 3.6 | 2.8 | 2.7 | 2.2 | 1.6 | 1.1 | 0.3 | 0.4 | 0.3 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 11.5 | (11.5) | 5.7 | (8.7) | 0.2 | 2.8 | (6.7) | 5.0 | (6.1) | (4.6) | (1.4) | 1.8 | 0.5 | (0.3) | 0.2 | (4.4) | 3.7 | (2.9) | 0.8 | 4.9 | (0.3) | (0.6) | (1.2) | 2.6 | 1.2 | (0.5) | (0.5) | (0.0) | 0.0 | 0.0 |
| Other Non-Cash Items | (1.6) | 1.6 | (174.4) | 3.0 | (1.8) | (0.3) | (0.5) | (2.5) | 421.5 | (1.4) | (3.6) | (3.8) | (2.9) | (2.2) | (0.5) | 0.5 | (0.6) | (4.3) | (2.0) | 1.1 | 0.6 | 4.7 | 0.4 | 0.0 | 0.2 | 0.2 | 1.1 | (2.3) | 5.4 | 5.4 |
| Operating Cash Flow | (5.1) | 5.1 | (29.7) | (52.9) | (48.2) | (42.6) | (46.3) | (31.1) | (37.3) | (15.7) | (15.0) | (16.2) | (17.5) | (19.3) | (16.2) | (28.1) | (26.9) | (24.9) | (23.5) | (13.1) | (16.8) | (14.7) | (12.9) | (8.0) | (6.8) | (8.7) | (9.4) | (7.2) | (3.9) | (3.9) |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditure | 0.0 | (0.0) | (0.1) | (0.0) | (0.2) | (0.1) | 0.0 | (0.1) | 0 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.1) | (0.2) | (0.0) | (0.1) | (0.0) | (0.0) | (0.1) | (0.0) | (0.0) | (0.0) | (0.1) | (0.3) | (0.3) | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 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 |
| Purchases of Investments | (67.7) | (82.1) | 309.5 | (167.1) | (81.7) | (60.7) | (32.0) | (85.7) | (93.5) | (128.4) | (148.7) | (110.8) | (206.8) | (237.0) | (137.7) | (119.9) | (131.0) | (131.7) | (254.5) | (123.2) | (207.2) | (24.5) | (136.1) | (1.1) | (4.6) | (1.6) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 73.9 | 38.6 | (330.2) | 78.5 | 136.7 | 115.0 | 83.9 | 114.9 | 115.3 | 136.0 | 181.9 | 101.3 | 244.2 | 185.0 | 115.9 | 184.2 | 157.8 | 126.1 | 65.3 | 31.5 | 34.6 | 23.5 | 37.8 | 7.6 | 15.4 | 12.3 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 99.5 | 0 | 0 | 0 | 0 | 0 | 12.5 | 0 | 0.0 | 0 | 0 | 0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.6 | (122.8) | 0 | 0 |
| Investing Cash Flow | 6.0 | (43.6) | 87.1 | (96.6) | 54.9 | 54.2 | 51.8 | 29.1 | 34.3 | 7.5 | 33.2 | (9.6) | 37.3 | (52.0) | (21.8) | 64.2 | 26.6 | (5.6) | (189.3) | (91.7) | (172.6) | (1.1) | (98.3) | 6.5 | 10.8 | 10.6 | 7.2 | (123.1) | 0 | 0 |
| Financing Activities | ||||||||||||||||||||||||||||||
| Net Debt Issuance | 182.9 | 0 | (191.5) | (6.7) | 198.7 | (0.5) | (2.1) | (3.2) | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Stock Repurchased | (17.1) | 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 |
| 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 |
| Other Financing Activities | 0 | (0.9) | 201.5 | 6.6 | (6.6) | 1.1 | 1.2 | 1.7 | 2.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.4 | 0.3 | (3.6) | 4.3 | 0.5 | (0.0) | 0.1 | 625.0 | 132.6 | 0.5 | 0 | 0 | (1.2) | (1.8) | 72.8 | 72.8 |
| Financing Cash Flow | 170.5 | 0.0 | 8.1 | 0.5 | 193.4 | 0.5 | (0.9) | (1.5) | 2.7 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.4 | 0.3 | (3.6) | 4.3 | 0.5 | (0.0) | 0.1 | 625.0 | 132.6 | 0.5 | 0 | 0 | (0.2) | (1.8) | 72.8 | 72.8 |
| Cash Position | ||||||||||||||||||||||||||||||
| Net Change in Cash | 171.1 | (38.7) | 65.2 | (149.1) | 200.0 | 12.3 | 5.7 | (4.2) | (0.2) | (8.1) | 18.3 | (25.7) | 20.0 | (71.0) | (37.6) | 36.4 | (3.9) | (26.2) | (212.2) | (104.9) | (189.4) | 609.1 | 21.4 | (1.0) | 4.0 | 1.9 | (2.4) | (132.0) | 68.9 | 68.9 |
| Cash at Beginning | 125.4 | 164.1 | 98.9 | 248.0 | 48.0 | 35.7 | 30.0 | 34.3 | 34.5 | 42.6 | 24.4 | 50.1 | 30.1 | 101.1 | 138.7 | 102.3 | 106.2 | 132.4 | 344.6 | 449.5 | 638.9 | 29.8 | 8.3 | 9.3 | 5.4 | 3.5 | 5.9 | 137.9 | 69.0 | 0 |
| Cash at End | 296.5 | 125.4 | 164.1 | 98.9 | 248.0 | 48.0 | 35.7 | 30.0 | 34.3 | 34.5 | 42.6 | 24.4 | 50.1 | 30.1 | 101.1 | 138.7 | 102.3 | 106.2 | 132.4 | 344.6 | 449.5 | 638.9 | 29.8 | 8.3 | 9.3 | 5.4 | 3.5 | 5.9 | 137.9 | 68.9 |
| Free Cash Flow | (5.0) | 5.0 | (29.8) | (52.9) | (48.4) | (42.7) | (46.3) | (31.2) | (37.3) | (15.7) | (15.0) | (16.2) | (17.5) | (19.3) | (16.2) | (28.2) | (27.1) | (24.9) | (23.6) | (13.2) | (16.8) | (14.8) | (13.0) | (8.1) | (6.8) | (8.8) | (9.7) | (7.5) | (3.9) | (3.9) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||
| Revenue | 31.7 | 83.2 | 41.9 | 13.1 | 4.8 | 3.1 | 5.7 | 0.7 | 1.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 30.8 | 77.6 | 41.4 | 9.8 | 2.3 | 1.0 | 1.5 | (0.8) | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | (51.0) | 3.9 | (34.0) | (56.4) | (63.6) | (59.0) | (53.9) | (48.1) | (470.4) | (20.2) | (20.8) | (26.3) | (26.1) | (26.5) | (24.3) | (29.3) | (37.9) | (28.2) | (29.6) | (22.8) | (20.4) | (20.5) | (13.8) | (11.5) | (9.0) | (9.2) | (10.6) | (5.5) | (8.0) | (8.0) |
| Net Income | (62.8) | 5.4 | (36.6) | (55.8) | (59.0) | (53.2) | (49.4) | (41.2) | (462.5) | (14.8) | (13.8) | (19.6) | (20.6) | (21.7) | (20.8) | (27.2) | (34.9) | (21.3) | (25.1) | (22.0) | (19.3) | (20.4) | (13.3) | (11.0) | (8.6) | (8.7) | (10.0) | (4.9) | (9.3) | (9.3) |
| EPS (Diluted) | -0.18 | 0.01 | -0.11 | -0.16 | -0.17 | -0.16 | -0.15 | -0.15 | -1.89 | -0.07 | -0.06 | -0.09 | -0.09 | -0.10 | -0.10 | -0.12 | -0.16 | -0.10 | -0.12 | -0.11 | -0.09 | -0.12 | -0.10 | -0.05 | -0.04 | -0.04 | -0.04 | -0.02 | -0.05 | -0.05 |
| Balance Sheet | ||||||||||||||||||||||||||||||
| Cash & Equivalents | 258.6 | 125.4 | 164.1 | 98.9 | 248.0 | 48.0 | 35.7 | 30.0 | 34.3 | 34.5 | 42.6 | 24.4 | 50.1 | 30.1 | 101.1 | 138.7 | 102.3 | 106.2 | 132.4 | 344.6 | 449.5 | 638.9 | 29.8 | 8.3 | 9.3 | 0 | 3.5 | (0.1) | ||
| Total Assets | 744.5 | 610.2 | 594.8 | 601.6 | 647.2 | 492.5 | 540.6 | 571.6 | 594.8 | 613.1 | 621.5 | 630.9 | 641.4 | 657.1 | 672.1 | 686.5 | 719.7 | 751.8 | 776.2 | 797.8 | 814.3 | 832.1 | 221.8 | 99.4 | 106.9 | 0 | 121.0 | 0 | ||
| Total Debt | 252.1 | 9.8 | 10.1 | 57.5 | 57.8 | 11.4 | 8.9 | 11.2 | 14.7 | 3.5 | 4.0 | 4.5 | 3.7 | 4.0 | 4.3 | 4.5 | 4.7 | 2.8 | 3.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Stockholders' Equity | 253.9 | 319.6 | 305.7 | 325.9 | 372.9 | 419.5 | 463.8 | 502.7 | 257.2 | 594.0 | 605.1 | 611.6 | 624.6 | 641.1 | 655.1 | 667.9 | 693.1 | 723.6 | 746.0 | 769.4 | 788.9 | 806.3 | 215.1 | 91.8 | 102.9 | 0 | 117.7 | (0.7) | ||
| Cash Flow | ||||||||||||||||||||||||||||||
| Operating Cash Flow | (5.1) | 5.1 | (29.7) | (52.9) | (48.2) | (42.6) | (46.3) | (31.1) | (37.3) | (15.7) | (15.0) | (16.2) | (17.5) | (19.3) | (16.2) | (28.1) | (26.9) | (24.9) | (23.5) | (13.1) | (16.8) | (14.7) | (12.9) | (8.0) | (6.8) | (8.7) | (9.4) | (7.2) | (3.9) | (3.9) |
| Capital Expenditure | 0.0 | (0.0) | (0.1) | (0.0) | (0.2) | (0.1) | 0.0 | (0.1) | 0 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.1) | (0.2) | (0.0) | (0.1) | (0.0) | (0.0) | (0.1) | (0.0) | (0.0) | (0.0) | (0.1) | (0.3) | (0.3) | 0 | 0 |
| Free Cash Flow | (5.0) | 5.0 | (29.8) | (52.9) | (48.4) | (42.7) | (46.3) | (31.2) | (37.3) | (15.7) | (15.0) | (16.2) | (17.5) | (19.3) | (16.2) | (28.2) | (27.1) | (24.9) | (23.6) | (13.2) | (16.8) | (14.8) | (13.0) | (8.1) | (6.8) | (8.8) | (9.7) | (7.5) | (3.9) | (3.9) |