Ondas Holdings Inc. logo ONDS - Ondas Holdings Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 7
HOLD 0
SELL 0
STRONG
SELL
0
| PRICE TARGET: $18.14 DETAILS
HIGH: $22.00
LOW: $16.00
MEDIAN: $18.00
CONSENSUS: $18.14
UPSIDE: 144.80%
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 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 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1
Revenue
Revenue 50.1 30.1 10.1 6.3 4.2 4.1 1.5 1.0 0.6 5.0 2.7 5.5 2.6 0.5 0.6 0.6 0.4 0.6 0.3 0.9 1.2 0.2 0.6 1.2 0.2 0.0 0.1 0.2 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 0.0 0.0 0.1 0.3
Cost of Revenue 25.5 17.4 7.5 2.9 2.8 3.2 1.4 1.1 1.0 3.2 2.1 2.4 1.6 0.2 0.2 0.3 0.3 0.4 0.3 0.6 0.6 0.3 0.4 0.5 0.2 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 0.0 0.0 0.0 0.0 0.1 0.3
Gross Profit 24.7 12.7 2.6 3.3 1.5 0.9 0.0 (0.2) (0.4) 1.7 0.6 3.1 1.0 0.3 0.4 0.3 0.1 0.2 0.0 0.3 0.6 (0.1) 0.2 0.6 0.0 (0.0) 0.1 0.1 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) (0.0) (0.0) 0.0 0.1
Operating Expenses
R&D Expenses 13.5 8.7 4.5 4.2 3.5 3.1 3.2 2.6 3.5 3.0 2.7 4.5 7.0 9.2 5.8 4.9 3.9 2.4 1.8 0.8 0.9 1.0 0.9 0.8 0.9 1.0 1.3 1.5 1.7 1.4 0.9 0.5 0.1 0.3 0.2 0.2 0.2 0 0 0.4 0.2 0 0 0.3 0.3
SG&A Expenses 53.8 27.4 13.6 8.3 8.3 6.3 5.5 5.5 5.2 9.9 3.8 7.1 6.7 6.1 8.2 6.8 6.2 4.8 3.1 2.7 2.6 2.6 2.1 2.6 1.5 1.6 2.2 2.9 3.5 3.2 1.2 0.8 0.5 0.0 0.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.1
Other Expenses 0 0 0 0 0 0 0 0 0 1.5 0 0 0 19.4 0 0 0 (0.0) 0 0 0 0 0 0 0.0 0.0 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 67.3 36.1 18.1 12.6 11.8 9.4 8.7 8.1 8.7 14.4 6.5 11.6 13.7 34.8 13.9 11.7 10.1 7.2 4.9 3.4 3.5 3.6 3.0 3.4 2.4 2.6 3.5 4.4 5.1 4.6 2.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.5
Operating Income
Operating Income (42.7) (23.3) (15.5) (9.2) (10.3) (8.5) (8.7) (8.3) (9.1) (12.6) (5.9) (8.5) (12.7) (34.5) (13.5) (11.4) (10.0) (7.0) (4.9) (3.1) (2.9) (3.7) (2.7) (2.8) (2.3) (2.6) (3.4) (4.3) (5.1) (4.5) (2.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.4) (0.4)
Interest Expense 0.3 0.7 0.4 1.6 3.9 1.3 0.9 0.7 0.8 1.0 0.9 0.5 1.8 3.7 0.0 0.0 0.0 0.0 0.0 0.3 0.2 0.5 0.5 0.5 0.5 1.0 0.6 0.7 0.6 0.5 1.6 0.4 0.1 0 0.2 0 0 0 0 0 0 0 0 0 0
Interest Income 12.1 6.7 2.0 0.3 0.2 0 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 0.0 0.0 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
Profitability
EBITDA 368.5 (96.8) (5.2) (7.6) (8.8) (7.9) (7.0) (6.2) (7.7) (9.9) (4.9) (7.0) (11.1) (14.1) (12.3) (10.1) (8.9) (6.2) (4.2) (2.3) (2.8) (3.5) (2.8) (2.7) (2.2) (2.3) (4.5) (4.3) (5.1) (6.3) (2.1) (1.3) (0.6) (0.0) (0.9) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.4) (0.4)
EBIT 361.8 (100.1) (6.7) (9.2) (10.3) (9.1) (8.7) (7.6) (9.1) (11.1) (6.4) (8.4) (12.7) (15.1) (13.6) (11.4) (10.0) (7.1) (4.9) (2.5) (2.9) (3.6) (2.9) (2.8) (2.3) (2.2) (4.6) (4.4) (5.3) (8.5) (2.1) (0.0) (0.6) (0.0) (0.8) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.4) (0.4)
Income Before Tax 361.5 (100.8) (7.2) (10.8) (14.1) (10.3) (9.5) (8.3) (9.9) (14.1) (7.3) (9.0) (14.5) (38.3) (13.6) (11.4) (10.0) (7.1) (4.9) (2.8) (3.1) (4.1) (3.3) (3.2) (2.8) (3.3) (5.2) (5.1) (5.8) (8.2) (0.4) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.5) (0.5)
Income Tax Expense 0.2 0.2 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.9) 0 0 0 0 0 0 0 0 0 0 0 0 3.3 (0.0) (0.9) 0 (0.0) 0 (0.0) 0 0 0 0 0 0 0 0
Net Income 362.9 (99.7) (7.5) (10.8) (14.1) (10.3) (9.5) (8.3) (9.9) (14.1) (7.3) (9.0) (14.5) (38.3) (13.6) (11.4) (10.0) (4.1) (4.9) (2.8) (3.1) (4.1) (3.3) (3.2) (2.8) (3.3) (5.2) (5.1) (5.8) (8.2) (3.7) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.5) (0.5)
Per Share Data
EPS (Basic) 0.58 -0.27 -0.03 -0.08 -0.15 -0.14 -0.15 -0.14 -0.17 -0.26 -0.15 -0.18 -0.41 -1.39 -0.32 -0.27 -0.24 -0.14 -0.13 -0.10 -0.12 -0.21 -0.17 -0.16 -0.14 -0.16 -0.31 -0.30 -0.35 -0.49 -0.22 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.29 -0.30
EPS (Diluted) 0.56 -0.27 -0.03 -0.08 -0.15 -0.14 -0.15 -0.14 -0.17 -0.26 -0.15 -0.18 -0.41 -1.39 -0.32 -0.27 -0.24 -0.14 -0.13 -0.10 -0.12 -0.21 -0.17 -0.16 -0.14 -0.16 -0.31 -0.30 -0.35 -0.49 -0.22 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.29 -0.30
Shares Outstanding 445.1 380.8 259.9 150.7 105.0 80.2 70.7 66.4 63.0 57.0 53.9 51.1 47.7 44.1 42.7 42.2 41.0 28.9 38.8 28.9 26.2 19.8 19.8 19.8 19.8 19.8 16.9 16.8 16.8 16.8 16.8 18.0 18.0 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2 19.2 1.5 1.5
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 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 2016 Q2 2016 Q1 2015 Q4
Current Assets
Cash & Cash Equivalents 1,026.0 594.4 432.8 67.6 25.4 30.0 2.8 4.9 14.5 15.0 21.0 3.1 14.1 29.8 15.3 28.0 32.1 40.8 47.5 58.6 24.0 26.1 2.1 0.0 0.2 2.2 4.7 0.6 0.4 1.1 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0
Short-Term Investments 447.8 21.8 18.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Receivables 61.3 22.4 10.5 8.2 4.2 5.5 3.6 3.4 3.2 4.2 5.0 4.9 1.1 2.1 0.8 0.3 0.5 1.2 1.3 1.3 0.5 0.0 0.5 0.3 0.0 0.0 0.1 0.0 0.0 0.1 0.0 0 0.0 0.0 0.0 0 0.0 0.0 0 0.2 0.0 0
Inventory 34.3 22.0 12.5 11.2 10.5 9.8 8.9 5.0 3.8 2.2 2.6 2.9 3.8 2.2 1.4 1.3 1.3 1.2 1.3 1.1 1.2 1.2 1.0 1.0 1.0 0.4 0.4 0.4 0.4 0.3 0.3 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.2 0.0
Other Current Assets 15.0 25.5 1.1 1.3 0.3 0.4 0.4 0.5 0.7 0.8 0.4 0.8 1.3 0 0.4 0 (0.0) 0 0 2.0 0 0 0.0 0.0 0 0.5 0.3 0.3 0.2 0.2 0.1 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 1,629.2 685.9 478.9 91.2 43.4 47.5 17.2 15.1 23.5 23.6 30.3 13.1 21.2 35.8 19.2 31.0 35.7 44.7 50.6 63.5 26.2 27.9 3.9 1.7 1.4 3.3 6.0 2.1 1.2 2.0 1.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.8 0.3 0.0
Non-Current Assets
Property, Plant & Equipment 11.5 10.2 7.1 7.2 6.6 6.5 6.5 9.7 9.3 8.9 8.1 8.4 8.9 6.0 7.5 7.0 6.2 1.9 1.2 1.0 0.2 0.2 0.3 0.4 0.5 0.6 0.8 1.0 1.4 0.5 0.1 0.0 0 0.0 0 0 0 0 0 0.0 0.0 0
Goodwill 389.7 254.9 34.8 27.8 27.8 27.8 27.8 27.8 27.8 27.8 27.7 27.7 27.6 25.6 45.0 45.0 45.0 45.0 33.8 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 312.5 136.9 28.1 25.1 26.1 27.2 28.2 29.3 30.3 31.3 32.4 33.4 34.2 28.8 29.6 30.2 24.3 25.2 47.0 0.3 0.3 0.4 0.4 0.4 0.4 0.3 0.3 0.3 0.1 0.1 0.0 0.0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 42.3 35.6 0.6 0 0 0 0 0 0 0 1.5 1.5 1.5 1.5 1.5 0.5 0.5 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
Other Non-Current Assets 62.0 12.4 0.7 0.7 0.7 0.7 0.5 0.7 0.8 0.6 0.7 0.4 0.4 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.2 0.0 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0 (0.5) 0 0 0 (0.0) 0 0 0.1 0.1 0
Total Non-Current Assets 818.1 450.0 71.3 60.7 61.2 62.1 63.0 67.4 68.1 68.6 70.4 71.5 72.5 62.1 83.8 82.9 76.2 72.8 82.1 1.4 0.7 0.6 0.9 0.9 0.9 1.0 1.2 1.3 1.6 0.6 0.2 0.0 (0.5) 0.0 0 0 (0.0) 0 0 0.2 0.1 0
Total Assets 2,447.3 1,135.9 550.2 152.0 104.6 109.6 80.2 82.5 91.6 92.2 100.6 84.6 93.8 97.9 103.0 113.9 112.0 117.4 132.7 64.9 26.9 28.5 4.8 2.6 2.3 4.3 7.2 3.4 2.8 2.7 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 0.4 0.0
Current Liabilities
Account Payables 16.7 13.9 8.4 4.8 4.5 5.7 4.0 4.3 5.6 5.2 5.5 4.9 5.2 3.0 3.4 2.4 2.4 2.4 1.9 1.9 1.9 2.4 3.0 3.4 2.9 2.3 2.8 1.7 1.6 1.1 0.8 0.0 0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.0
Short-Term Debt 0.8 8.7 11.0 16.1 35.9 38.4 30.2 28.9 27.4 25.7 26.2 20.5 15.7 15.5 0 0 0 0.7 0.6 0 7.2 7.1 11.8 10.7 10.3 10.1 10.3 4.6 14.1 13.9 8.9 0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 1.8 0.4 0.0
Deferred Revenue 21.5 8.0 2.9 4.3 3.3 0.7 0.4 0.8 1.1 0 0 0 0.6 0.1 0.3 0.2 0.3 0 0.3 0 0.1 0.2 0 0.2 0 0.4 0.0 0.0 0.0 0.0 0.0 (3.9) 0 (1.0) 0 0 0 0 0 0 0 (0.0)
Other Current Liabilities 20.9 111.3 0.5 0 0 0 2.3 0 0 0.8 0.8 0.4 0 2.7 0 0 0 0.5 0.3 0.2 0.4 0.5 0.6 0.0 0.3 0.6 0.7 0.2 0.5 0.0 0.2 0 0 0 0 0 0 0 (0.1) 0.8 0.1 (0.0)
Total Current Liabilities 149.3 141.8 31.3 31.5 50.4 50.6 39.5 37.9 37.9 35.9 35.6 29.1 24.7 21.6 6.3 5.2 5.3 4.6 4.3 4.4 11.3 12.5 17.9 18.0 16.8 16.1 16.6 9.4 18.4 17.2 10.8 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 3.6 1.4 0.0
Non-Current Liabilities
Long-Term Debt 3.6 3.8 0.3 0.3 0.3 15.9 0.3 0.7 2.0 3.1 4.6 1.9 10.5 15.4 0.3 0.3 0.3 0.3 0.3 0.3 0.9 0.9 0.6 0.9 0.5 0.5 0.5 18.8 4.4 0.3 0.3 0 0 0 0 0 0 0 0 0.8 1.6 0
Deferred Tax Liabilities 56.2 14.5 0.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 12.8 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 1,157.8 501.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 14.2 13.1 1.8 0.4 0.2 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 0.3 0 0 0 0 0 0 0 0 0 0 0 0.0 0.4 0
Total Non-Current Liabilities 1,217.6 519.4 8.5 7.8 7.5 23.1 7.6 8.2 10.0 23.1 19.9 6.0 15.0 18.1 2.9 3.0 3.1 0.6 13.5 0.7 0.9 0.9 0.6 1.0 0.6 0.6 1.0 19.7 5.1 0.3 0.3 7.9 0 2.8 0 0 0 0 0 0.8 1.9 0
Total Liabilities 1,366.9 661.2 39.8 39.3 58.0 73.7 47.1 46.1 47.9 59.0 55.4 35.0 39.7 39.7 9.2 8.2 8.4 5.2 17.8 5.1 12.2 13.4 18.6 19.0 17.3 16.7 17.6 29.1 23.5 17.5 11.1 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 4.4 3.4 0.0
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 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (5.4) (368.4) (268.7) (261.3) (250.5) (236.4) (226.0) (216.5) (208.2) (198.4) (184.2) (176.9) (168.0) (153.5) (115.3) (101.7) (90.3) (80.3) (76.1) (71.2) (68.4) (65.2) (61.1) (57.8) (54.6) (51.8) (48.5) (43.3) (38.2) (32.4) (27.5) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.0) (15.3) (14.8) (0.0)
Accumulated Other Comprehensive Income (0.4) 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) 0.0 0.0 (0.2) (0.1) (0.0) (7.9) 0 0 0 (4.9) 0 0 0 0 0
Total Stockholders' Equity 1,074.0 437.4 486.1 90.8 26.1 16.6 14.9 19.4 27.8 33.1 45.2 49.5 54.1 58.2 93.8 105.7 103.6 112.2 114.9 59.8 14.7 15.1 (13.7) (16.4) (15.1) (12.4) (10.3) (25.7) (20.7) (14.9) (9.9) (0.0) (0.1) (0.1) (0.1) (0.0) (0.1) (0.1) (0.0) (3.4) (2.9) (0.0)
Total Liabilities & Equity 2,447.3 1,135.9 550.2 152.0 104.6 109.6 80.2 82.5 91.6 92.2 100.6 84.6 93.8 97.9 103.0 113.9 112.0 117.4 132.7 64.9 26.9 28.5 4.8 2.6 2.3 4.3 7.2 3.4 2.8 2.7 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 0.4 0.0
Debt Metrics
Total Debt 7.9 12.5 18.0 23.2 42.3 60.3 36.5 35.9 35.7 35.3 33.5 25.3 29.4 33.4 3.6 3.8 3.9 1.8 1.3 1.1 8.0 8.0 12.6 11.9 11.2 11.2 11.8 24.1 19.8 14.2 9.2 0.7 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2.6 2.0 0.0
Net Debt (1,018.1) (581.9) (414.8) (44.4) 17.0 30.4 33.7 30.9 21.2 20.3 12.6 22.3 15.3 3.6 (11.7) (24.2) (28.2) (39.0) (46.2) (57.4) (16.0) (18.0) 10.5 11.9 11.1 9.0 7.2 23.5 19.3 13.1 8.7 0.7 0.1 0.1 0.1 0.0 0.1 0.1 0.0 2.1 2.0 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 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 2016 Q2 2016 Q1 2015 Q4 2015 Q2 2015 Q1
Operating Activities
Net Income 361.2 (99.7) (7.5) (10.8) (14.1) (10.3) (9.5) (8.3) (9.9) (14.1) (7.3) (9.0) (14.5) (38.3) (13.6) (11.4) (10.0) (4.1) (4.9) (2.8) (3.1) (4.1) (3.3) (3.2) (2.8) (3.3) (5.2) (5.1) (5.8) (8.2) (3.8) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.5) (0.5)
Depreciation & Amortization 6.3 3.4 1.6 1.6 1.5 1.2 1.7 1.4 1.4 1.6 1.5 1.4 1.6 1.2 1.3 1.3 1.1 0.9 0.7 0.1 0.1 (0.2) 0.1 0.1 0.1 (0.1) (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 0.0 0.0
Stock-Based Compensation 19.7 6.8 5.5 2.2 1.6 0.3 0.3 0.4 0.3 0.4 0 0 1.3 0 1.5 1.6 1.3 1.3 0.3 0 1.3 1.6 0 0 0.0 0.0 0.8 0.0 0.0 0 0 0 0 0 0 0.0 0.0 0 0 0.0 0.0 0 0.0 0.0
Change in Working Capital (47.0) (6.9) (3.9) (2.8) 1.2 (1.5) (2.1) (2.0) 0.1 1.2 0.9 (3.4) (2.8) 0.4 (0.1) 0.3 0.5 (0.6) (0.6) (1.1) (1.5) (0.4) (0.4) 0.3 0.6 (0.2) 1.5 0.9 0.6 0.4 1.3 0.0 0.0 0.0 (0.0) 0.0 0.0 0.0 (0.0) (0.0) 0.0 0.0 0.1 0.7
Other Non-Cash Items (390.8) 83.7 (6.6) 1.4 3.3 2.3 0.6 (0.3) 0.6 7.0 (1.4) 1.9 1.5 24.8 0 0.0 0 (2.7) (0.1) (0.3) 0.1 0.4 1.5 2.0 0.1 0.1 0.0 0.1 (0.1) 4.0 (2.1) 0.1 (0.1) (0.5) 0.3 0.1 0.1 0.0 0 0.4 0.3 0 0.3 (0.2)
Operating Cash Flow (51.3) (12.7) (11.0) (8.4) (6.7) (8.1) (9.1) (8.8) (7.5) (5.9) (6.2) (9.1) (12.8) (11.8) (10.9) (8.2) (7.1) (5.3) (4.5) (4.0) (3.1) (2.7) (2.1) (0.8) (2.0) (3.3) (2.8) (3.8) (4.7) (3.9) (4.6) (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
Investing Activities
Capital Expenditure (1.3) (0.3) (0.2) (0.1) (0.2) (0.1) 0.7 (1.1) (1.2) (0.1) (0.0) 0.1 (0.1) 0.6 (0.9) (1.1) (1.6) (0.9) (0.0) (0.0) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.2) (0.1) (0.4) (0.1) (0.0) (0.0) 0 0 0 0 0 0 0 0 0 0 0
Acquisitions (31.8) (200.3) 0 0 0 0 (0.0) 0.0 0 0.0 (0.0) (0.2) 1.0 (0.1) 0.9 (0.9) 0 2.0 (8.5) 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
Purchases of Investments (457.2) (39.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 23.1 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 0 0 0 0 0 0 0 0
Other Investing Activities (7.0) 0 (18.3) (0.0) (0.0) (0.0) (1.7) 0 (0.0) 0 0 0 (0.1) (2) (1.9) (0.0) (0.0) (2.7) 2.0 (2) (0.1) 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 0 0 0 0 0 0
Investing Cash Flow (474.2) (241.4) (18.4) (0.1) (0.2) (0.1) 0.7 (1.1) (1.2) (0.1) (0.1) (0.2) 0.9 (1.4) (2.0) (2.0) (1.6) (1.5) (6.5) (2.0) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.2) (0.1) (0.4) (0.1) (0.1) (0.0) 0 0 0 0 0 0 0 0 0 0 0
Financing Activities
Net Debt Issuance (0.3) 0.2 0 0 0.9 35.6 2.9 0 0 0 9.3 (1.9) (3.6) 27.7 0 0 0 0 0 (7.1) 0 (4.7) 0 0 0 0 1.6 4.2 4.1 5.0 0.1 (0.1) 5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.0 0.1 (0.1)
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (0.8) 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
Other Financing Activities (0.4) (0.2) 14.6 9.0 1.3 (0.2) 0.8 0.3 0.0 0.5 0.2 0.1 (0.0) 0 0.1 0.1 (0.1) 0 0.0 0.1 (0.1) 0 0 0.7 0 0 5.3 (0.1) (0.0) (0.0) 4.8 0.1 (0.0) 0 0.9 0.0 0 0 0 0 0.0 0 0.0 (0.0)
Financing Cash Flow 968.5 414.5 394.2 51.7 2.3 35.3 6.3 0.3 8.2 0.0 24.2 (1.8) (3.6) 27.7 0.1 6.1 (0.1) 0.1 (0.0) 40.6 1.2 26.6 4.2 0.7 0 0.8 6.9 4.2 4.1 4.9 4.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.3 0.0 0.1 (0.1)
Cash Position
Net Change in Cash 442.7 161.0 364.8 43.1 (4.6) 27.1 (2.1) (9.6) (0.4) (6.0) 17.9 (11.1) (15.6) 14.5 (12.7) (4.0) (8.8) (6.7) (11.1) 34.5 (2.0) 23.9 2.1 (0.1) (2.0) (2.5) 4.1 0.2 (0.7) 0.6 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
Cash at Beginning 594.4 433.4 68.6 25.4 30.0 2.9 5.0 14.6 15.0 21.0 3.1 14.2 29.8 15.3 28.0 32.1 40.8 47.5 58.6 24.0 26.1 2.1 0.1 0.2 2.2 4.7 0.6 0.4 1.1 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
Cash at End 1,037.1 594.4 433.4 68.6 25.4 30.0 2.9 5.0 14.6 15.0 21.0 3.1 14.2 29.8 15.3 28.0 32.1 40.8 47.5 58.6 24.0 26.1 2.1 0.1 0.2 2.2 4.7 0.6 0.4 1.1 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
Free Cash Flow (52.6) (13.0) (11.1) (8.5) (6.9) (8.2) (8.4) (9.9) (8.7) (6.0) (6.3) (9.1) (13.0) (11.1) (11.8) (9.3) (8.7) (6.2) (4.6) (4.0) (3.1) (2.7) (2.1) (0.8) (2.0) (3.3) (2.8) (4.1) (4.8) (4.3) (4.8) (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
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 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 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1
Income Statement
Revenue 50.1 30.1 10.1 6.3 4.2 4.1 1.5 1.0 0.6 5.0 2.7 5.5 2.6 0.5 0.6 0.6 0.4 0.6 0.3 0.9 1.2 0.2 0.6 1.2 0.2 0.0 0.1 0.2 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 0.0 0.0 0.1 0.3
Gross Profit 24.7 12.7 2.6 3.3 1.5 0.9 0.0 (0.2) (0.4) 1.7 0.6 3.1 1.0 0.3 0.4 0.3 0.1 0.2 0.0 0.3 0.6 (0.1) 0.2 0.6 0.0 (0.0) 0.1 0.1 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) (0.0) (0.0) 0.0 0.1
Operating Income (42.7) (23.3) (15.5) (9.2) (10.3) (8.5) (8.7) (8.3) (9.1) (12.6) (5.9) (8.5) (12.7) (34.5) (13.5) (11.4) (10.0) (7.0) (4.9) (3.1) (2.9) (3.7) (2.7) (2.8) (2.3) (2.6) (3.4) (4.3) (5.1) (4.5) (2.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.4) (0.4)
Net Income 362.9 (99.7) (7.5) (10.8) (14.1) (10.3) (9.5) (8.3) (9.9) (14.1) (7.3) (9.0) (14.5) (38.3) (13.6) (11.4) (10.0) (4.1) (4.9) (2.8) (3.1) (4.1) (3.3) (3.2) (2.8) (3.3) (5.2) (5.1) (5.8) (8.2) (3.7) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.5) (0.5)
EPS (Diluted) 0.56 -0.27 -0.03 -0.08 -0.15 -0.14 -0.15 -0.14 -0.17 -0.26 -0.15 -0.18 -0.41 -1.39 -0.32 -0.27 -0.24 -0.14 -0.13 -0.10 -0.12 -0.21 -0.17 -0.16 -0.14 -0.16 -0.31 -0.30 -0.35 -0.49 -0.22 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.29 -0.30
Balance Sheet
Cash & Equivalents 1,026.0 594.4 432.8 67.6 25.4 30.0 2.8 4.9 14.5 15.0 21.0 3.1 14.1 29.8 15.3 28.0 32.1 40.8 47.5 58.6 24.0 26.1 2.1 0.0 0.2 2.2 4.7 0.6 0.4 1.1 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.4 0.0 0.0
Total Assets 2,447.3 1,135.9 550.2 152.0 104.6 109.6 80.2 82.5 91.6 92.2 100.6 84.6 93.8 97.9 103.0 113.9 112.0 117.4 132.7 64.9 26.9 28.5 4.8 2.6 2.3 4.3 7.2 3.4 2.8 2.7 1.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.0 0.4 0.0
Total Debt 7.9 12.5 18.0 23.2 42.3 60.3 36.5 35.9 35.7 35.3 33.5 25.3 29.4 33.4 3.6 3.8 3.9 1.8 1.3 1.1 8.0 8.0 12.6 11.9 11.2 11.2 11.8 24.1 19.8 14.2 9.2 0.7 0.1 0.1 0.1 0.1 0.1 0.1 0.1 2.6 2.0 0.0
Stockholders' Equity 1,074.0 437.4 486.1 90.8 26.1 16.6 14.9 19.4 27.8 33.1 45.2 49.5 54.1 58.2 93.8 105.7 103.6 112.2 114.9 59.8 14.7 15.1 (13.7) (16.4) (15.1) (12.4) (10.3) (25.7) (20.7) (14.9) (9.9) (0.0) (0.1) (0.1) (0.1) (0.0) (0.1) (0.1) (0.0) (3.4) (2.9) (0.0)
Cash Flow
Operating Cash Flow (51.3) (12.7) (11.0) (8.4) (6.7) (8.1) (9.1) (8.8) (7.5) (5.9) (6.2) (9.1) (12.8) (11.8) (10.9) (8.2) (7.1) (5.3) (4.5) (4.0) (3.1) (2.7) (2.1) (0.8) (2.0) (3.3) (2.8) (3.8) (4.7) (3.9) (4.6) (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
Capital Expenditure (1.3) (0.3) (0.2) (0.1) (0.2) (0.1) 0.7 (1.1) (1.2) (0.1) (0.0) 0.1 (0.1) 0.6 (0.9) (1.1) (1.6) (0.9) (0.0) (0.0) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.2) (0.1) (0.4) (0.1) (0.0) (0.0) 0 0 0 0 0 0 0 0 0 0 0
Free Cash Flow (52.6) (13.0) (11.1) (8.5) (6.9) (8.2) (8.4) (9.9) (8.7) (6.0) (6.3) (9.1) (13.0) (11.1) (11.8) (9.3) (8.7) (6.2) (4.6) (4.0) (3.1) (2.7) (2.1) (0.8) (2.0) (3.3) (2.8) (4.1) (4.8) (4.3) (4.8) (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