Okta, Inc. logo OKTA - Okta, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 36
HOLD 13
SELL 2
STRONG
SELL
0
| PRICE TARGET: $104.50 DETAILS
HIGH: $134.00
LOW: $60.00
MEDIAN: $106.50
CONSENSUS: $104.50
UPSIDE: 9.26%
Metric 2026 Q4 2026 Q3 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
Revenue
Revenue 761 742 728 688 682 665 646 617 605 584 556 518 510 481.0 452 415 383.0 350.7 315.5 251.0 234.7 217.4 200.4 182.9 167.3 153.0 140.5 125.2 115.5 105.6 94.6 83.6 77.8 66.9 60.3 52.3 48.8 42.3 37.4 31.8
Cost of Revenue 168 170 168 155 158 157 155 148 145 145 149 142 139 137.7 137.7 131.2 119.5 109.7 101.1 66.1 61.1 56.9 51.1 48.5 44.7 40.8 38.8 35.1 31.4 29.7 28.2 24.1 22.5 21.1 19.7 17.5 15.7 14.1 13.8 12.4
Gross Profit 593 572 560 533 524 508 491 469 460 439 407 376 371 343.4 314 284 263.5 241.0 214.4 184.9 173.6 160.5 149.3 134.4 122.6 112.2 101.7 90.1 84.1 75.9 66.4 59.5 55.3 45.8 40.6 34.9 33.1 28.2 23.7 19.4
Operating Expenses
R&D Expenses 165 160 160 154 157 158 164 163 156 165 172 163 154 148 156 162 147.5 130.5 122.4 68.9 62.3 58.1 53.9 48.5 43.4 41.8 40.0 34.0 30.0 27.6 24.8 19.9 19.3 19.2 16.9 15.4 10.5 9.7 9.7 8.8
SG&A Expenses 378 389 359 340 348 366 346 353 359 381 380 366 359 401.5 366 362 330.5 309.0 355.4 206.7 165.9 154.3 140.8 138.1 124.0 116.1 105.3 107.9 81.8 76.8 80.0 64.6 61.3 61.1 49.8 46.9 40.6 40.4 34.6 33.3
Other Expenses 0 0 0 0 11 0 0 0 28 4 17 7 15 0 0 0 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 543 549 519 494 516 524 510 516 543 550 569 536 528 550.0 522 524 477.9 439.6 477.8 275.6 228.2 212.4 194.7 186.6 167.3 157.9 145.3 141.9 111.8 104.4 104.8 84.5 80.6 80.3 66.8 62.3 51.1 50.1 44.2 42.1
Operating Income
Operating Income 50 23 41 39 8 (16) (19) (47) (83) (111) (162) (160) (157.7) (207) (208) (240) (214.4) (198.6) (263.4) (90.7) (54.6) (52.0) (45.4) (52.2) (44.7) (45.7) (43.6) (51.8) (27.7) (28.5) (38.4) (25.0) (25.3) (34.5) (26.2) (27.4) (18.0) (21.9) (20.6) (22.7)
Interest Expense 1 1 1 1 1 1 1 2 1 2 2 3 2.4 3 3 3 23.4 23.1 22.9 22.8 22.6 22.4 16.9 10.8 10.6 7.8 4.3 4.2 0 4.1 4.1 2.7 0 0 0 0 0 0 0 0
Interest Income 25 28 27 30 24 26 29 27 25 21 18 17 11.3 5 5 2 2.1 1.1 2.2 4.4 2.2 1.9 4.0 4.9 5.7 5.0 3.5 2.9 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 68 75 92 93 56 40 38 5 (23) (51) (84) (87) (120.3) (174) (172) (208) (181.3) (165.8) (229.5) (73.3) (39.3) (39.2) (36.4) (41.8) (33.5) (50.9) (35.6) (45.5) (16.4) (23.9) (34.5) (21.4) (23.5) (32.7) (24.5) (25.9) (16.6) (20.7) (19.5) (21.8)
EBIT 50 51 68 69 32 26 13 (20) (43) (72) (102) (112) (146.3) (202) (203) (238) (212.3) (197.5) (261.3) (86.5) (52.4) (50.2) (43.6) (47.3) (39.0) (55.3) (40.2) (48.9) (18.6) (26.1) (36.1) (23.5) (25.3) (34.5) (26.2) (27.4) (18.0) (21.9) (20.6) (22.7)
Income Before Tax 70 50 67 68 31 25 12 (22) (44) (74) (104) (115) (148.7) (205) (206) (241) (235.7) (220.6) (284.1) (109.2) (75.0) (72.6) (60.5) (58.1) (49.6) (63.1) (44.5) (53.1) (28.9) (30.2) (40.2) (26.2) (24.5) (34.0) (25.8) (27.5) (18.1) (21.8) (20.5) (22.7)
Income Tax Expense 7 7 0 6 8 9 (17) 18 0 7 7 4 4.2 4 4 2 5.5 0.7 (7.5) 0.0 0.8 0.2 (0.4) (0.4) 0.9 0.3 (1.5) (1.2) 1.9 (0.7) (1.0) (0.2) 0.1 (0.9) 0.2 0.2 0.2 0.1 0.1 0.1
Net Income 63 43 67 62 23 16 29 (40) (44) (81) (111) (119) (152.9) (209) (210) (243) (241.2) (221.3) (276.7) (109.2) (75.8) (72.8) (60.1) (57.7) (50.5) (63.5) (43.0) (52.0) (30.8) (29.5) (39.2) (26.0) (24.7) (33.1) (26.0) (27.7) (18.2) (21.9) (20.6) (22.8)
Per Share Data
EPS (Basic) 0.36 0.24 0.38 0.36 0.13 0.09 0.17 -0.24 -0.27 -0.49 -0.68 -0.74 -0.96 -1.32 -1.34 -1.56 -1.56 -1.44 -1.83 -0.83 -0.58 -0.56 -0.48 -0.47 -0.42 -0.53 -0.37 -0.46 -0.28 -0.27 -0.37 -0.25 -0.24 -0.35 -0.29 -0.31 -0.20 -0.24 -0.23 -0.25
EPS (Diluted) 0.35 0.24 0.37 0.35 0.13 0.09 0.15 -0.24 -0.27 -0.49 -0.68 -0.74 -0.96 -1.32 -1.34 -1.56 -1.56 -1.44 -1.83 -0.83 -0.58 -0.56 -0.48 -0.47 -0.42 -0.53 -0.37 -0.46 -0.28 -0.27 -0.37 -0.25 -0.24 -0.35 -0.29 -0.31 -0.20 -0.24 -0.23 -0.25
Shares Outstanding 177.3 175.4 175.5 174.2 171.9 170.2 168.6 167.5 166.0 164.4 162.8 161.3 160.0 158.7 157.4 155.9 154.7 153.8 151.4 131.8 130.1 128.8 126.3 123.5 121.6 119.0 115.0 112.7 110.2 108.8 106.7 104.2 101.0 95.5 93.6 92.2 90.8 90.8 90.8 90.8
Metric 2026 Q4 2026 Q3 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 Q1
Current Assets
Cash & Cash Equivalents 858 645 876 494 409 310 515 322 334 400 356 125 264 249.6 216.0 194.2 260 372.4 225.3 659.9 434.6 409.8 957.2 619.2 520.0 1,039.6 206.8 208.1 298.4 195.9 192.9 211.8 127.9 137.6 126.5 221.7 23.3 20.1 (87.9)
Short-Term Investments 1,695 1,818 1,982 2,231 2,114 1,938 1,843 1,998 1,868 1,730 1,750 2,245 2,316 2,223.5 2,261.0 2,292.9 2,242 2,109.7 2,243.6 2,030.2 2,121.6 2,085.4 1,557.3 827.6 883.0 326.6 350.7 339.4 265.4 350.1 343.4 335.3 101.8 86.0 86.8 2.5 14.4 22.0 175.9
Net Receivables 687 463 417 345 621 463 377 307 559 418 388 290 481 380.8 323.4 258.9 398 253.6 238.5 218.5 194.8 139.5 110.5 111.0 130.1 102.8 88.9 83.3 93.4 71.7 60.6 52.0 52.2 46.9 35.3 32.2 34.5 26.5 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 0 0
Other Current Assets 233 120 291 295 272 292 303 290 219 179 192 183 168 84.5 80.7 77.1 74.4 60.5 54.5 47.8 45.9 40.9 37.8 34.8 33.6 29.5 27.1 25.6 24.2 21.7 19.8 18.6 17.8 14.1 13.3 13.1 13.5 12.3 0
Total Current Assets 3,473 3,046 3,566 3,365 3,416 3,003 3,038 2,917 2,980 2,727 2,686 2,843 3,229 3,006.9 2,945.5 2,898.6 3,041 2,852.9 2,877.2 3,012.1 2,878.6 2,757.5 2,706.9 1,633.5 1,599.7 1,526.6 697.0 676.9 708.1 658.1 633.4 636.2 317.5 294.7 274.7 279.8 92.8 87.0 87.9
Non-Current Assets
Property, Plant & Equipment 103 104 107 114 117 125 129 128 131 141 141 168 181 186.1 208.9 211.1 213 215.3 208.3 208.0 212.4 217.1 221.2 224.7 178.7 178.5 168.6 172.1 174.3 44.3 40.7 19.2 12.5 13.1 13.3 13.2 11.0 9.0 0
Goodwill 5,487 5,487 5,448 5,448 5,448 5,448 5,448 5,448 5,406 5,406 5,406 5,406 5,400 5,400.3 5,400.3 5,401.3 5,401 5,401.3 5,338.1 48.0 48.0 48.0 48.0 48.0 48.0 48.0 48.0 48.0 18.1 18.1 18.1 6.3 6.3 6.3 6.3 6.3 2.6 2.6 0
Intangible Assets 91 106 104 120 138 151 168 184 182 197 211 227 241 261.8 281.5 298.8 317 336.4 337.8 24.2 27.0 29.0 30.0 31.0 32.5 33.8 34.7 28.0 13.9 15.0 16.0 11.9 11.8 11.5 11.1 9.8 9.2 7.2 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 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 556 486 325 318 318 283 284 278 290 269 269 256 256 238.6 237.9 235.7 234 191.1 170.7 138.1 132.8 118.7 108.8 99.8 96.4 83.9 78.5 73.5 69.9 61.3 55.8 53.4 51.2 11.6 10.9 11.1 15.0 14.9 (87.9)
Total Non-Current Assets 6,237 6,183 5,984 6,000 6,021 6,007 6,029 6,038 6,009 6,013 6,027 6,057 6,078 6,086.8 6,128.5 6,147.0 6,165 6,144.1 6,054.9 418.3 420.2 412.7 408.1 403.5 355.7 344.2 329.8 321.6 276.2 138.6 130.5 90.7 81.8 42.5 41.5 40.4 37.8 33.8 (87.9)
Total Assets 9,710 9,229 9,550 9,365 9,437 9,010 9,067 8,955 8,989 8,740 8,713 8,900 9,307 9,093.7 9,074.0 9,045.7 9,206 8,997.0 8,932.1 3,430.4 3,298.8 3,170.3 3,115.0 2,037.0 1,955.4 1,870.8 1,026.8 998.5 984.3 796.7 763.9 726.9 399.3 337.2 316.2 320.2 130.6 120.8 0
Current Liabilities
Account Payables 12 13 12 12 13 12 11 12 12 11 13 10 12 49.1 43.7 33.8 20 11.5 9.4 9.5 8.6 5.1 4.7 8.0 3.8 4.9 3.5 4.4 2.4 12.1 12.6 11.8 9.6 12.9 9.8 15.9 9.4 10.0 0
Short-Term Debt 350 350 859 509 509 509 0 0 0 0 0 0 0 5.2 5.2 5.2 16 16.0 15.7 20.8 908.7 35.1 43.6 102.2 100.7 99.2 279.7 275.7 271.6 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 1,875 1,557 1,550 1,562 1,691 1,415 1,394 1,391 1,488 1,256 1,225 1,173 1,242 1,044.6 994.1 952.2 973 759.9 721.8 613.2 502.7 424.8 391.2 392.1 365.2 306.7 283.7 268.0 245.6 206.1 186.4 173.5 159.8 138.5 127.2 115.7 108.0 93.1 0
Other Current Liabilities 104 91 136 117 207 147 113 117 136 168 123 88 107 110.4 87.1 83.2 152 109.2 85.1 48.2 75.1 61.6 39.2 31.4 41.0 34.2 21.9 21.5 20.1 20.2 12.8 12.7 13.2 14.7 11.3 6.6 9.8 7.8 0
Total Current Liabilities 2,554 2,184 2,647 2,296 2,523 2,234 1,660 1,686 1,782 1,543 1,456 1,362 1,465 1,309.4 1,236.6 1,185.3 1,243 988.2 912.5 800.5 1,545.6 573.9 533.6 570.4 547.0 478.4 620.7 601.9 573.1 244.8 218.1 202.9 187.9 171.0 152.8 143.1 134.5 114.3 0
Non-Current Liabilities
Long-Term Debt 0 0 0 349 349 349 1,113 1,155 1,154 1,302 1,451 1,831 2,193 2,191.5 2,190.1 2,188.7 1,816 1,794.0 1,772.5 1,751.3 857.4 1,709.8 1,689.4 845.9 837.0 828.2 0 0 0 267.7 263.8 259.9 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 16 0 0 0 12 0 0 0 9 0 0 0 3.9 0 0 0 1.6 0 0 0 0.7 0 0 0 0.2 0 0 0 0.1 0.1 0
Other Non-Current Liabilities 55 50 44 44 39 35 33 34 14 28 27 25 11 18.4 18.5 16.1 22 33.1 18.2 10.7 7.5 12.7 12.0 6.7 3.8 4.8 4.2 3.5 2.3 34.8 31.4 10.1 6.8 6.6 6.5 6.3 233.9 231.4 0
Total Non-Current Liabilities 157 152 149 502 509 511 1,274 1,316 1,319 1,467 1,617 2,004 2,376 2,376.7 2,384.4 2,387.7 2,041 2,024.3 1,977.4 1,947.2 1,059.1 1,915.7 1,896.2 1,053.5 1,003.1 994.0 155.4 157.2 158.8 307.4 300.6 274.4 0 0 0 0 0 10.3 0
Total Liabilities 2,711 2,336 2,796 2,798 3,032 2,745 2,934 3,002 3,101 3,010 3,073 3,366 3,841 3,686.1 3,621.0 3,573.0 3,284 3,012.4 2,889.9 2,747.7 2,604.8 2,489.6 2,429.8 1,623.9 1,550.1 1,472.4 776.1 759.1 731.9 552.2 518.8 477.3 187.9 171.0 152.8 143.1 134.5 124.6 0
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
Retained Earnings (2,567) (2,630) (2,673) (2,740) (2,802) (2,825) (2,841) (2,870) (2,830) (2,786) (2,705) (2,594) (2,475) (2,322.1) (2,113.2) (1,902.7) (1,815.9) (1,574.7) (1,353.4) (1,076.7) (967.5) (891.6) (818.9) (758.8) (701.1) (650.7) (587.2) (544.2) (492.2) (461.4) (431.9) (392.7) (366.7) (377.8) (344.0) (317.0) (287.9) (269.7) 0
Accumulated Other Comprehensive Income 13 4 1 5 (12) (3) (7) (17) (6) (18) (14) (20) (33) (56.1) (41.2) (36.1) (12) 0.4 4.4 5.6 5.4 2.6 5.5 3.7 0.9 0.1 (1.7) (0.5) (0.3) (0.9) (0.5) (0.2) 0.4 (0.1) 0.1 (0.1) (0.2) (0.2) (181.1)
Total Stockholders' Equity 6,999 6,893 6,754 6,567 6,405 6,265 6,133 5,953 5,888 5,730 5,640 5,534 5,466 5,407.6 5,453.0 5,472.7 5,922 5,984.6 6,042.2 682.8 694.0 680.6 685.2 413.1 405.3 398.4 250.7 239.4 252.4 244.5 245.1 249.6 199.3 156.5 152.9 165.9 (15.7) (3.9) 46.9
Total Liabilities & Equity 9,710 9,229 9,550 9,365 9,437 9,010 9,067 8,955 8,989 8,740 8,713 8,900 9,307 9,093.7 9,074.0 9,045.7 9,206 8,997.0 8,932.1 3,430.4 3,298.8 3,170.3 3,115.0 2,037.0 1,955.4 1,870.8 1,026.8 998.5 984.3 796.7 763.9 726.9 387.3 327.4 305.7 309.0 118.8 120.8 46.9
Debt Metrics
Total Debt 422 423 940 947 952 960 1,220 1,263 1,297 1,421 1,573 1,965 2,367 2,345.7 2,353.9 2,357.7 2,030 1,989.1 1,959.4 1,945.6 1,969.0 1,930.8 1,922.2 1,142.9 1,104.3 1,081.4 423.4 421.7 429.6 267.7 263.8 259.9 0 0 0 0 0 0 0
Net Debt (436) (222) 64 453 543 650 705 941 963 1,021 1,217 1,840 2,103 2,096.0 2,137.9 2,163.5 1,770 1,616.8 1,734.1 1,285.7 1,534.4 1,521.0 965.0 523.7 584.2 41.8 216.7 213.6 131.2 71.8 70.9 48.2 (127.9) (137.6) (126.5) (221.7) (23.3) (20.1) 87.9
Metric 2026 Q4 2026 Q3 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
Operating Activities
Net Income 63 43 67 62 23 16 29 (40) (44) (81) (111) (119) (152.9) (209) (210) (243) (241.2) (221.3) (276.7) (109.2) (75.8) (72.8) (60.1) (57.7) (50.5) (63.5) (43.0) (52.0) (30.8) (29.5) (39.2) (26.0) (24.7) (33.1) (26.0) (27.7) (18.2) (21.9) (20.6) (22.8)
Depreciation & Amortization 0 24 24 24 24 14 25 25 20 21 18 25 26.0 28 31 30 31.0 31.7 31.8 13.1 13.2 11.0 7.2 5.5 5.5 4.4 4.5 3.4 2.2 2.1 1.6 2.1 1.9 1.8 1.7 1.6 1.4 1.2 1.1 0.9
Stock-Based Compensation 0 138 144 128 131 135 148 151 161 172 185 166 165.3 172 170 171 157.9 155.8 187.7 64.1 56.4 53.7 48.4 37.7 36.9 35.7 31.3 22.7 22.4 21.5 18.2 14.1 14.6 14.4 12.0 8.9 5.3 4.8 3.7 3.4
Change in Working Capital 12 (31) (112) (12) 68 (34) (140) 53 15 31 (45) 53 6.3 (21) (34) 42 18.3 34.8 30.6 57.4 1.9 15.3 (13.5) 33.6 13.3 4.0 (4.0) 38.3 4.5 3.6 5.5 6.8 2.3 3.4 0.8 5.1 0.7 3.4 0.7 0.5
Other Non-Cash Items 207 40 43 37 36 26 29 29 20 12 4 3 27.9 38 22 19 40.1 38.2 34.7 31.5 38.0 36.7 29.9 20.5 18.8 30.0 11.8 10.3 10.3 9.4 9.7 7.3 5.6 4.9 5.3 2.4 4.2 4.0 3.4 2.9
Operating Cash Flow 288 218 167 241 286 159 86 219 174 156 53 129 76.2 10 (19) 19 13.5 37.1 (2.6) 56.1 34.9 43.4 10.9 38.7 24.8 10.6 (1.1) 21.3 10.1 6.4 (5.3) 4.0 0.2 (9.5) (6.2) (9.7) (6.7) (8.5) (11.8) (15.0)
Investing Activities
Capital Expenditure (2) (4) (5) (3) (2) (5) (8) (5) (8) (7) (4) (5) (3.4) (4) (6) (9) (8.6) (3.7) (1.1) (3.4) (2.5) (1.8) (4.1) (8.9) (6.8) (1.4) (11.7) (8.1) (6.1) (5.1) (6.0) (5.5) (2.3) (1.7) (4.2) (3.7) (3.1) (3.3) (3.2) (2.2)
Acquisitions 0 (53) 0 (3) 0 0 0 (56) 0 0 0 (22) 0.1 0 0 (4) (0.0) (67.1) (148.0) 0 0 0 0 0 (0.1) 0 0 (44.2) (0.0) 0.0 (15.6) 0 0 0 0 0 0 0 0 0
Purchases of Investments (449) (336) (199) (521) (559) (474) (320) (459) (558) (574) (146) (431) (539.0) (301) (265) (306) (513.1) (410.0) (734.0) (189.5) (183.1) (816.7) (900.2) (129.1) (677.9) (83.8) (91.1) (146.5) (153.3) (158.1) (67.1) (252.9) (33.7) (8.6) (86.8) 0 0 0 0 0
Sales/Maturities of Investments 503 501 442 407 384 380 484 326 433 601 645 517 459.5 327 290 231 365.0 582.3 419.7 344.8 148.3 222.9 181.4 188.6 121.8 108.0 80.4 73.2 239.6 152.6 60 19.5 17.8 9.2 2.5 11.9 7.5 4 4.2 3
Other Investing Activities 0 0 (3) (2) (1) (4) (3) (4) (5) (4) (2) 0 (0.7) (2) (4) (4) (2.1) (2.0) (0.4) (0.1) (0.8) (1.2) (1.3) (1) (1.3) (1.3) (9.5) (0.4) 0.2 (0.6) (0.7) (1.1) (1.4) (1.3) (1.5) (1.2) (1.5) (1.7) (1.1) (1.2)
Investing Cash Flow 48 105 238 (120) (177) (99) 156 (194) (133) 20 495 59 (82.8) 22 19 (88) (156.7) 101.5 (463.5) 151.9 (37.3) (595.6) (722.9) 50.6 (562.9) 22.9 (22.4) (125.6) 80.9 (10.5) (28.7) (238.9) (18.2) (1.2) (88.5) 8.2 4.4 0.7 1.0 0.8
Financing Activities
Net Debt Issuance (28) (508) 0 0 0 (240) (40) 0 (134) (132) (339) (332) 0.0 0 0 0 0 (0.0) (0.0) (0.0) 0.0 (0.8) 1,135.2 0 (0.1) 816.3 0 0 0 0 (0.1) 335.1 0 0 0 0 (0.2) (0.1) (0.1) (0.1)
Stock Repurchased (73) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (44) (46) (48) (45) (7) (25) (10) (37) 25 (1) 24 6 14.4 6 23 5 30.6 9.2 33.1 16.2 25.1 6.1 (88.2) 14.2 18.8 (17.9) 23.1 13.3 15.4 7.5 15.5 (15.6) 16.0 21.8 (0.5) 0.1 0.2 0.8 0.1 (0.3)
Financing Cash Flow (128) (555) (22) (45) (7) (265) (50) (37) (109) (133) (315) (326) 14.4 6 23 5 30.6 9.2 33.1 16.2 25.1 5.2 1,047.1 14.2 18.7 798.4 23.1 13.3 15.4 7.5 15.4 319.4 16.0 21.8 (0.6) 200.1 (0.0) 0.8 0.0 (0.3)
Cash Position
Net Change in Cash 213 (233) 384 85 97 (204) 193 (13) (66) 40 234 (137) 12.2 33 22 (69) (114.4) 147.1 (433.5) 224.8 24.9 (547.4) 336.9 102.3 (519.4) 832.9 (1.4) (91.4) 106.8 3.0 (18.9) 84.1 (1.6) 11.1 (95.2) 198.7 (2.3) (7.2) (10.9) (14.5)
Cash at Beginning 645 878 500 415 318 522 329 342 408 368 134 271 259.0 226 204 273 387.1 240.0 673.4 448.6 423.7 971.1 634.3 532.0 1,051.4 218.5 219.8 311.2 204.4 201.4 220.3 136.2 137.8 126.7 222.0 23.3 25.6 32.7 43.6 58.1
Cash at End 858 645 884 500 415 318 522 329 342 408 368 134 271 259 226 204 272.7 387.1 240.0 673.4 448.6 423.7 971.1 634.3 532.0 1,051.4 218.5 219.8 311.2 204.4 201.4 220.3 136.2 137.8 126.7 222.0 23.3 25.6 32.7 43.6
Free Cash Flow 286 214 162 238 284 154 78 214 166 149 49 124 72.9 6 (25) 10 4.9 33.4 (3.8) 52.7 32.4 41.6 6.9 29.8 18.1 9.2 (12.8) 13.2 4.0 1.4 (11.3) (1.6) (2.2) (11.2) (10.5) (13.3) (9.8) (11.8) (15.0) (17.2)
Key Metrics 2026 Q4 2026 Q3 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
Income Statement
Revenue 761 742 728 688 682 665 646 617 605 584 556 518 510 481.0 452 415 383.0 350.7 315.5 251.0 234.7 217.4 200.4 182.9 167.3 153.0 140.5 125.2 115.5 105.6 94.6 83.6 77.8 66.9 60.3 52.3 48.8 42.3 37.4 31.8
Gross Profit 593 572 560 533 524 508 491 469 460 439 407 376 371 343.4 314 284 263.5 241.0 214.4 184.9 173.6 160.5 149.3 134.4 122.6 112.2 101.7 90.1 84.1 75.9 66.4 59.5 55.3 45.8 40.6 34.9 33.1 28.2 23.7 19.4
Operating Income 50 23 41 39 8 (16) (19) (47) (83) (111) (162) (160) (157.7) (207) (208) (240) (214.4) (198.6) (263.4) (90.7) (54.6) (52.0) (45.4) (52.2) (44.7) (45.7) (43.6) (51.8) (27.7) (28.5) (38.4) (25.0) (25.3) (34.5) (26.2) (27.4) (18.0) (21.9) (20.6) (22.7)
Net Income 63 43 67 62 23 16 29 (40) (44) (81) (111) (119) (152.9) (209) (210) (243) (241.2) (221.3) (276.7) (109.2) (75.8) (72.8) (60.1) (57.7) (50.5) (63.5) (43.0) (52.0) (30.8) (29.5) (39.2) (26.0) (24.7) (33.1) (26.0) (27.7) (18.2) (21.9) (20.6) (22.8)
EPS (Diluted) 0.35 0.24 0.37 0.35 0.13 0.09 0.15 -0.24 -0.27 -0.49 -0.68 -0.74 -0.96 -1.32 -1.34 -1.56 -1.56 -1.44 -1.83 -0.83 -0.58 -0.56 -0.48 -0.47 -0.42 -0.53 -0.37 -0.46 -0.28 -0.27 -0.37 -0.25 -0.24 -0.35 -0.29 -0.31 -0.20 -0.24 -0.23 -0.25
Balance Sheet
Cash & Equivalents 858 645 876 494 409 310 515 322 334 400 356 125 264 249.6 216.0 194.2 260 372.4 225.3 659.9 434.6 409.8 957.2 619.2 520.0 1,039.6 206.8 208.1 298.4 195.9 192.9 211.8 127.9 137.6 126.5 221.7 23.3 20.1 (87.9)
Total Assets 9,710 9,229 9,550 9,365 9,437 9,010 9,067 8,955 8,989 8,740 8,713 8,900 9,307 9,093.7 9,074.0 9,045.7 9,206 8,997.0 8,932.1 3,430.4 3,298.8 3,170.3 3,115.0 2,037.0 1,955.4 1,870.8 1,026.8 998.5 984.3 796.7 763.9 726.9 399.3 337.2 316.2 320.2 130.6 120.8 0
Total Debt 422 423 940 947 952 960 1,220 1,263 1,297 1,421 1,573 1,965 2,367 2,345.7 2,353.9 2,357.7 2,030 1,989.1 1,959.4 1,945.6 1,969.0 1,930.8 1,922.2 1,142.9 1,104.3 1,081.4 423.4 421.7 429.6 267.7 263.8 259.9 0 0 0 0 0 0 0
Stockholders' Equity 6,999 6,893 6,754 6,567 6,405 6,265 6,133 5,953 5,888 5,730 5,640 5,534 5,466 5,407.6 5,453.0 5,472.7 5,922 5,984.6 6,042.2 682.8 694.0 680.6 685.2 413.1 405.3 398.4 250.7 239.4 252.4 244.5 245.1 249.6 199.3 156.5 152.9 165.9 (15.7) (3.9) 46.9
Cash Flow
Operating Cash Flow 288 218 167 241 286 159 86 219 174 156 53 129 76.2 10 (19) 19 13.5 37.1 (2.6) 56.1 34.9 43.4 10.9 38.7 24.8 10.6 (1.1) 21.3 10.1 6.4 (5.3) 4.0 0.2 (9.5) (6.2) (9.7) (6.7) (8.5) (11.8) (15.0)
Capital Expenditure (2) (4) (5) (3) (2) (5) (8) (5) (8) (7) (4) (5) (3.4) (4) (6) (9) (8.6) (3.7) (1.1) (3.4) (2.5) (1.8) (4.1) (8.9) (6.8) (1.4) (11.7) (8.1) (6.1) (5.1) (6.0) (5.5) (2.3) (1.7) (4.2) (3.7) (3.1) (3.3) (3.2) (2.2)
Free Cash Flow 286 214 162 238 284 154 78 214 166 149 49 124 72.9 6 (25) 10 4.9 33.4 (3.8) 52.7 32.4 41.6 6.9 29.8 18.1 9.2 (12.8) 13.2 4.0 1.4 (11.3) (1.6) (2.2) (11.2) (10.5) (13.3) (9.8) (11.8) (15.0) (17.2)