Pacific Biosciences of California, Inc. logo PACB - Pacific Biosciences of California, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 8
SELL 1
STRONG
SELL
0
| PRICE TARGET: $1.00 DETAILS
HIGH: $1.00
LOW: $1.00
MEDIAN: $1.00
CONSENSUS: $1.00
DOWNSIDE: 18.03%
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 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3
Revenue
Revenue 37.2 44.6 38.4 39.8 37.2 39.2 40.0 36.0 38.8 58.4 55.7 47.6 38.9 27.4 32.3 35.5 33.2 36.0 34.9 30.6 29.0 27.1 19.1 17.1 15.6 27.9 21.9 24.6 16.4 19.5 18.2 21.6 19.4 24.9 23.5 20.1 24.9 25.7 25.1 20.7 19.1 36.3 13.9 24.9 17.6 16.9 20.6 11.4 11.6 9.1 7.4 6.0 5.6 5.9 2.8 7.3 10.0 12.4 10.5 10.6 0.3 0.3 0.2 0.6 0.5 0.1 0
Cost of Revenue 24.3 27.9 23.4 25.1 38.5 29.2 30.0 30.1 27.5 48.8 37.8 32.0 29.1 22.2 18.8 19.3 19.0 19.3 19.5 16.9 16.0 15.7 12.0 10.5 8.1 15.0 15.0 15.0 11.3 13.8 15.0 12.7 12.1 15.4 15.3 12.1 16.0 14.3 12.5 10.1 9.6 9.8 7.4 10.4 11.7 12.5 7.5 8.3 9.0 5.9 6.2 5.0 4.6 5.3 2.6 7.0 10.2 10.9 7.2 2.7 0 0 0 0 0 0 0
Gross Profit 12.8 16.7 15.1 14.7 (1.4) 10.1 10.0 5.9 11.3 9.6 17.9 15.5 9.8 5.1 13.5 16.2 14.2 16.8 15.4 13.8 13.0 11.4 7.1 6.6 7.5 12.9 6.9 9.6 5.1 5.7 3.2 8.9 7.3 9.5 8.2 8.0 8.9 11.4 12.6 10.6 9.5 26.5 6.6 14.5 5.9 4.4 13.2 3.1 2.7 3.2 1.2 1.1 0.9 0.6 0.2 0.3 (0.2) 1.5 3.3 7.9 0.3 0.3 0.2 0.6 0.5 0.1 0
Operating Expenses
R&D Expenses 19.6 22.9 22.8 22.5 29.1 27.5 25.5 38.5 43.5 44.5 47.5 46.2 48.9 42.6 47.1 50.3 52.9 42.6 27.5 22.3 20.5 17.4 16.5 15.0 15.2 14.3 15.0 14.9 15.5 16.3 14.4 15.7 16.3 15.6 15.8 16.9 17.0 16.3 17.5 17.5 16.4 14.8 16.2 15.0 14.5 12.3 11.7 12.4 11.8 11.1 10.4 11.7 12.0 11.7 12.6 11.3 12.1 12.4 20.0 19.5 24.1 26.5 32.9 27.1 25.3 24.7 21.1
SG&A Expenses 31.2 34.1 31.1 36.2 40.2 41.1 43.7 35.7 42.4 46.0 43.4 40.6 39.8 45.0 36.8 39.3 39.8 37.3 31.6 29.1 26.1 18.0 14.8 15.1 24.9 16.6 20.1 19.1 19.8 20.1 13.5 14.9 14.9 14.4 14.0 15.5 15.3 13.0 11.9 11.2 11.7 12.8 10.8 10.8 10.8 10.0 9.9 9.0 9.2 9.1 10.8 9.4 9.6 10.7 10.1 11.6 15.3 11.8 12.8 11.0 11.1 10.3 8.0 6.2 5.5 3.5 3.4
Other Expenses 0 1.0 0 0.8 358.3 94.5 4.8 107.6 6.8 6.6 9.4 2.0 12.3 4.6 4.3 (5.4) (1.1) 1.5 30.7 0 0 0 0 0 0 0 (0.3) 0 0 0 0.2 (0.2) 0 0 0.2 0 0.3 0 0.1 0 (0.0) 0 (0.1) 0.1 (0.1) 0 (0.0) (0.1) 0.0 0 0.1 0.2 0 0.0 0 0 0 0 0 0 0 (0.0) (0.0) 0 0 (0.0) (0.1)
Operating Expenses 50.8 57.9 53.9 59.5 427.6 163.1 74.1 181.8 92.6 97.1 100.4 88.7 101.0 92.2 88.2 84.2 91.7 81.4 89.8 51.3 46.7 35.4 31.2 30.1 40.2 30.8 35.0 34.0 35.3 36.4 27.9 30.6 31.2 30.0 29.8 32.4 32.2 29.2 29.4 28.7 28.1 27.5 27.0 25.9 25.3 22.3 21.6 21.4 20.9 20.2 21.2 21.1 21.5 22.3 22.8 22.8 27.4 24.2 32.8 30.6 35.2 36.9 40.9 33.3 30.8 28.2 24.6
Operating Income
Operating Income (37.9) (41.2) (38.8) (44.9) (428.9) (153.0) (64.1) (175.8) (81.4) (87.5) (82.5) (73.2) (91.3) (87.1) (74.6) (68.0) (77.5) (64.7) (74.5) (37.6) (33.7) (24.0) (24.2) (23.5) (32.7) (17.9) (28.1) (24.4) (30.1) (30.6) (24.7) (21.7) (23.9) (20.5) (21.6) (24.4) (23.3) (17.9) (16.7) (18.1) (18.6) (1.1) 2.6 (11.4) (19.3) (17.9) (8.4) (18.3) (18.2) (17.0) (19.9) (20.0) (20.6) (21.7) (22.6) (22.6) (27.5) (22.7) (29.4) (22.7) (35.0) (36.6) (40.7) (32.7) (30.3) (28.1) (24.6)
Interest Expense (1.7) 1.7 1.7 1.7 1.7 2.8 3.5 3.5 3.6 3.6 3.6 3.6 3.6 3.6 3.7 3.7 3.7 3.5 3.7 3.6 1.8 0 0 0 0.3 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.4 0 0.1 0.1 0 0 0 0 0 0 0.0 0 0.0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0.2 0 0 0 0.0 0.1
Profitability
EBITDA (37.9) (38.4) (34.4) (35.6) (51.9) 16.4 (41.1) (155.5) (62.6) (61.3) (68.5) (61.4) (79.9) (75.7) (69.0) (63.6) (73.8) (60.6) (72.0) (35.0) (83.3) 77.3 (21.4) (20.8) 3.9 3.1 (25.9) (21.5) (27.2) (28.4) (22.6) (20.1) (21.8) (18.3) (19.6) (22.7) (20.2) (17.1) (15.7) (17.1) (17.7) (0.1) (19.6) (10.4) (18.4) (17.0) (7.4) (17.2) (17.0) (15.6) (18.6) (18.6) (19.1) (20.1) (21.0) (20.7) (25.9) (21.2) (28.0) (21.3) (33.5) (35.1) (39.3) (31.5) (29.2) (26.2) (24.2)
EBIT (37.9) (38.4) (38.8) (40.2) (424.6) 5.4 (57.2) (169.8) (74.6) (79.2) (74.0) (66.3) (84.4) (80.3) (73.3) (67.9) (78.0) (64.7) (74.8) (37.4) (85.7) 74.9 (23.7) (23.1) 1.5 0.6 (28.5) (24.0) (29.7) (30.2) (24.4) (21.9) (23.6) (20.1) (21.4) (24.7) (23.0) (18.2) (16.7) (17.7) (18.6) (0.6) 2.6 (11.2) (19.5) (18.2) (8.4) (18.4) (18.2) (16.5) (19.8) (19.8) (20.7) (21.7) (22.7) (22.4) (27.5) (22.7) (29.4) (22.7) (35.0) (36.6) (40.7) (32.7) (30.3) (28.1) (24.6)
Income Before Tax (8.1) (40.2) (37.6) (41.9) (426.4) 2.7 (60.7) (173.3) (78.2) (82.7) (77.6) (69.8) (88.0) (84.4) (77.0) (71.4) (81.5) (68.2) (78.3) (41.0) (87.4) 74.9 (23.7) (23.1) 1.3 (0.1) (29.1) (24.6) (30.3) (30.8) (25.0) (22.5) (24.2) (20.8) (22.0) (25.5) (23.9) (19.0) (17.5) (18.5) (19.4) (1.4) 1.8 (11.9) (20.2) (19.0) (9.2) (19.1) (18.9) (17.2) (20.5) (20.5) (21.1) (21.7) (22.7) (22.5) (27.6) (109.4) (29.3) (22.5) (34.8) (36.4) (40.7) (32.7) (30.3) (28.1) (24.5)
Income Tax Expense 0.2 0.2 0.4 0.0 (0.3) 0.3 0 0 0 (0.7) (10.7) 0 0 0 0 0 0 1.2 (94.8) 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 0 0 0 0 0 (45.2) 0 0 0 (86.6) (0.2) (0.2) (0.2) (63.0) 0.0 0.0 0.1 (0.0) (0.1)
Net Income (8.3) (40.4) (38) (41.9) (426.1) 2.4 (60.7) (173.3) (78.2) (82.0) (66.9) (69.8) (88.0) (84.4) (77.0) (71.4) (81.5) (69.3) 16.5 (41.0) (87.4) 74.9 (23.7) (23.1) 1.3 (0.1) (29.1) (24.6) (30.3) (30.8) (25.0) (22.5) (24.2) (20.8) (22.0) (25.5) (23.9) (19.0) (17.5) (18.5) (19.4) (1.4) 1.8 (11.9) (20.2) (19.0) (9.2) (19.1) (18.9) (17.2) (20.5) (20.5) (21.1) (21.7) (22.7) (22.5) (27.6) (22.8) (29.3) (22.5) (34.8) (36.4) (40.7) (32.7) (30.3) (28.1) (24.5)
Per Share Data
EPS (Basic) -0.03 -0.13 -0.13 -0.14 -1.44 0.01 -0.22 -0.64 -0.29 -0.31 -0.26 -0.28 -0.34 -0.35 -0.37 -0.32 -0.38 -0.32 0.08 -0.21 -0.45 0.40 -0.14 -0.15 0.01 -0.00 -0.19 -0.16 -0.20 -0.21 -0.19 -0.17 -0.20 -0.18 -0.19 -0.26 -0.26 -0.21 -0.19 -0.21 -0.23 -0.02 0.02 -0.16 -0.27 -0.26 -0.13 -0.27 -0.28 -0.26 -0.31 -0.33 -0.37 -0.39 -0.41 -0.40 -0.50 -0.41 -0.54 -0.42 -0.66 -0.69 -39.70 -51.20 -48.97 -27.37 -23.92
EPS (Diluted) -0.03 -0.13 -0.13 -0.14 -1.44 0.01 -0.22 -0.64 -0.29 -0.31 -0.26 -0.28 -0.34 -0.35 -0.37 -0.32 -0.38 -0.31 0.08 -0.21 -0.45 0.37 -0.14 -0.15 0.01 -0.00 -0.19 -0.16 -0.20 -0.21 -0.19 -0.17 -0.20 -0.18 -0.19 -0.26 -0.26 -0.20 -0.19 -0.21 -0.23 -0.02 0.02 -0.16 -0.27 -0.26 -0.13 -0.27 -0.28 -0.26 -0.31 -0.33 -0.37 -0.39 -0.41 -0.40 -0.50 -0.41 -0.54 -0.42 -0.66 -0.69 -39.70 -51.20 -48.97 -27.37 -23.92
Shares Outstanding 305.8 301.9 300.8 300.2 296.9 283.0 272.9 272.4 269.6 264.9 255.0 249.4 242.0 226.2 225.1 224.5 220.3 217.1 202.2 195.2 194.3 186.0 166.9 153.9 153.5 153.1 153.0 152.8 151.3 149.3 135.1 131.9 123.8 116.3 115.8 97.4 93.0 92.7 92.1 88.1 83.6 78.3 75.2 74.7 74.1 72.7 70.5 70.5 67.9 66.2 65.5 61.9 57.4 56.2 55.9 55.7 55.2 55.1 54.3 53.4 52.8 52.8 1.0 0.6 0.6 1.0 1.0
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 2010 Q2 2009 Q4
Current Assets
Cash & Cash Equivalents 56.3 63.7 56.5 54.8 58.5 55.4 78.0 99.5 76.6 180.2 385.6 209.3 353.8 325.1 304.4 310.4 428.6 460.7 425.4 459.8 932.4 81.6 69.0 43.3 68.9 29.6 33.1 30.4 38.2 18.8 115.7 23.1 25.5 62.9 25.9 36.5 29.0 16.8 22.8 24.8 91.5 90.1 89.2
Short-Term Investments 219.7 215.8 242.2 259.9 284.6 334.6 393.2 410.3 485.3 451.5 382.1 620.6 521.1 447.2 529.9 588.7 534.2 583.7 654.5 684.6 227.9 237.2 139.5 76.6 73.7 19.5 16.1 36.5 44.7 83.5 0 40.4 53.8 0 58.0 66.1 27.1 55.2 64.5 77.7 0 48.6 3.5
Net Receivables 29.4 35.4 30.6 32.3 31.6 27.5 29.4 32.4 30.3 36.6 30.5 24.0 29.6 18.8 22.8 27.1 27.9 24.2 23.9 19.9 12.9 16.8 11.8 11.3 7.3 15.3 10.0 12.1 7.3 8.6 6.4 7.4 8.5 13.4 8.9 9.5 10.4 16.4 11.8 10.4 8.0 0 0
Inventory 51.0 49.3 53.2 53.8 54.0 58.8 65.7 68.6 67.3 56.7 68.3 67.6 62.0 50.4 43.5 36.1 29.6 24.6 18.3 18.0 16.3 14.2 15.9 16.8 16.1 13.3 15.1 17.4 19.6 17.9 19.7 23.4 25.9 23.1 18.2 17.3 15.3 15.6 16.5 14.2 12.2 0 0
Other Current Assets 13.2 10.8 0.3 12.6 16.2 19.5 18.0 17.3 17.4 3 15.8 14.0 0.3 0.3 0.3 0.3 0.5 0.5 0.5 0.3 0.8 0.8 0 0 0 0.3 0 0 0 0 0 0 0 0 1.5 0 0 0.5 0 0 0 0 0
Total Current Assets 369.5 375.0 394.2 413.4 444.9 495.7 584.2 628.1 677.0 742.0 882.3 935.6 981.1 852.1 913.9 970.3 1,029.2 1,101.1 1,129.8 1,189.1 1,196.0 355.6 239.5 150.9 169.5 81.0 76.9 98.9 112.6 131.7 143.9 96.4 115.7 101.6 113.6 132.9 88.3 109.0 122.5 138.1 119.1 140.0 93.7
Non-Current Assets
Property, Plant & Equipment 65.2 65.8 64.7 66.6 69.2 46.6 49.3 57.3 68.0 69.0 75.0 76.8 79.1 81.3 80.7 81.2 80.4 79.1 77.0 53.6 53.4 54.9 57.3 59.2 61.2 62.9 65.1 67.6 68.4 34.1 34.5 36.1 36.7 37.9 39.6 40.3 42.4 14.6 14.0 11.2 9.1 12.7 7.1
Goodwill 317.8 317.8 317.8 317.8 317.8 317.8 369.1 369.1 462.3 462.3 463.8 410.0 410.0 410.0 410.0 410.0 410.0 410.0 411.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 14.1 15.1 16.1 17.2 18.2 389.6 436.4 443.3 450.1 457.0 461.8 409.8 410.0 410.2 410.3 410.5 410.8 411.0 411.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 1.6 1.5 0 0 0 0 0 0 0 2.4 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
Other Non-Current Assets 14.2 8.8 10.3 10.5 10.7 10.8 11.0 11.7 12.5 13.3 15.4 15.6 16.2 13.4 4.1 4.1 6.3 5.8 4.6 3.1 3.6 3.5 3.5 3.5 4.0 4.0 4.0 4.0 4.6 4.5 4.5 4.5 4.5 4.5 4.7 4.7 4.7 14.3 14.2 12.1 12.0 0.2 0.2
Total Non-Current Assets 412.8 409.1 408.9 412.1 415.9 764.8 865.8 881.4 992.9 1,004.0 1,016.1 912.1 915.3 915.0 905.1 905.9 907.5 905.8 904.4 56.6 56.9 58.4 60.8 62.7 65.2 66.9 69.2 71.7 73.0 38.6 39.0 40.6 41.2 42.5 44.3 45.0 47.2 28.9 28.2 23.3 21.1 12.9 7.4
Total Assets 782.4 784.1 803.2 825.5 860.8 1,260.4 1,450.1 1,509.5 1,669.9 1,746.0 1,898.4 1,847.6 1,896.4 1,767.1 1,818.9 1,876.1 1,936.7 2,007.0 2,034.2 1,245.8 1,252.9 414.0 300.3 213.6 234.8 148.0 146.1 170.6 185.6 170.3 182.9 137.1 156.9 144.1 157.9 177.9 135.5 137.9 150.6 161.4 140.2 152.9 101.1
Current Liabilities
Account Payables 13.6 20.8 16.4 15.1 14.0 16.6 12.1 17.5 21.0 15.1 16.1 16.5 17.4 12.0 12.9 12.9 17.6 11.0 5.0 4.8 3.5 3.6 5.4 7.4 4.2 8.4 8.1 8.0 8.7 6.7 6.0 4.2 8.6 9.1 8.6 6.5 8.2 8.4 8.3 5.4 4.7 7.6 5.8
Short-Term Debt 0.3 0 3 0 0 0 0 0 0 0.5 0 0 0 1.8 0 0 0 1.6 0 0 0 0 0 0 0 15.9 19.3 18.9 18.5 0 0 0 0 0 2.9 2.6 3.1 0 0 0 0 0.1 0
Deferred Revenue 16.3 0 0 14.9 15.2 13.9 17.3 19.2 17.3 16.3 22.4 25.0 30.9 30.5 30.7 32.1 12.7 11.0 9.8 9.5 9.6 8.7 105.0 104.9 105.1 7.6 6.4 6.7 6.4 6.5 5.7 6.4 6.0 6.3 6.2 6.8 6.7 7.1 6.6 10.7 13.6 (0.1) 0
Other Current Liabilities 35.1 33.2 17.1 2.6 5.6 3.2 0.8 6.7 2.8 7.8 101.4 193.7 189.0 177.5 4.6 5.9 3.1 4.2 2.9 3.6 1.5 4.5 0.6 2.2 0.7 0.2 (2.6) (1.9) (3.2) 5.1 0.6 0.7 0.1 5.7 1.4 1.9 0.2 9.7 0.7 12.1 (10.7) 0 0
Total Current Liabilities 65.4 54.4 63.2 59.8 66.6 66.3 60.0 78.4 73.0 95.0 184.0 271.4 265.7 263.3 81.6 84.4 61.0 71.7 55.6 45.4 33.7 38.5 130.3 130.9 132.0 49.2 50.7 49.5 45.1 20.3 15.9 22.3 24.9 22.3 30.3 35.7 35.4 33.8 32.1 33.8 19.8 16.1 8.4
Non-Current Liabilities
Long-Term Debt 644.1 702.4 645.2 646.4 646.2 647.5 893.1 892.8 892.5 892.2 892.0 891.8 896.8 896.7 896.5 896.4 896.2 896.1 895.9 895.8 895.7 0 0 0 0 0 0 0 0 14.7 14.4 14.1 13.9 13.6 10.5 10.4 13.3 16.1 15.8 15.5 15.2 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 0 0 0 0 14.4 0.4 0.2 0.3 (0.9) 0 0
Other Non-Current Liabilities 8.0 (55.0) 0 0 0 19.2 21.4 20.2 20.2 20.3 19.5 0.8 1.0 1.3 169.3 166.2 171.9 173.2 173.4 0.8 0.8 0.8 0 0 0 0 0 0 0 13.8 14.0 14.1 14.3 14.6 14.7 14.6 16.1 2.0 1.8 4.0 3.3 5.1 269.8
Total Non-Current Liabilities 714.6 724.3 703.9 704.2 702.5 687.6 936.9 938.4 948.0 949.7 950.6 934.2 938.6 940.8 1,110.7 1,109.9 1,141.1 1,144.3 1,137.7 942.1 938.6 40.0 40.6 41.4 42.4 43.9 44.4 45.4 45.6 35.9 35.1 29.3 29.3 35.7 26.2 26.4 30.9 19.4 19.8 19.5 31.6 5.1 269.8
Total Liabilities 780.0 778.7 767.1 764.0 769.2 753.9 996.9 1,016.8 1,020.9 1,044.7 1,134.6 1,205.6 1,204.3 1,204.2 1,192.4 1,194.3 1,202.1 1,216.0 1,193.3 987.5 972.3 78.5 170.8 172.3 174.4 93.1 95.1 94.8 90.7 56.2 51.0 51.6 54.2 58.0 56.5 62.0 66.3 53.2 52.0 53.3 51.4 21.2 278.2
Stockholders' Equity
Common Stock 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0
Retained Earnings (2,703.6) (2,695.3) (2,654.9) (2,616.9) (2,575.0) (2,148.9) (2,151.3) (2,090.6) (1,917.3) (1,839.1) (1,757.1) (1,690.2) (1,620.4) (1,532.3) (1,448.0) (1,371.0) (1,299.6) (1,218.1) (1,148.8) (1,165.3) (1,124.3) (1,036.9) (1,111.8) (1,088.1) (1,065.0) (1,066.2) (1,066.1) (1,037.0) (1,012.4) (982.1) (951.3) (926.3) (903.7) (879.7) (859.0) (837.0) (811.4) (787.5) (768.5) (751.0) (732.5) (255.0) (192.0)
Accumulated Other Comprehensive Income (0.1) 0.5 0.4 0.3 0.4 0.4 1.6 (0.5) (0.3) 0.2 (1.8) (2.7) (1.9) (4.8) (6.3) (5.5) (4.1) (1.1) 0.0 (0.0) 0.1 0.1 0.1 0.2 0.0 0.0 0.0 0.0 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
Total Stockholders' Equity 2.4 5.3 36.1 61.5 91.6 506.6 453.1 492.7 649.0 701.3 763.7 642.0 692.1 562.9 626.6 681.9 734.6 791.0 840.8 258.2 280.6 335.5 129.5 41.4 60.4 54.9 51.0 75.8 94.8 114.1 131.9 85.5 102.7 86.1 101.4 115.9 69.2 84.7 98.7 108.1 88.8 131.7 (177.1)
Total Liabilities & Equity 782.4 784.1 803.2 825.5 860.8 1,260.4 1,450.1 1,509.5 1,669.9 1,746.0 1,898.4 1,847.6 1,896.4 1,767.1 1,818.9 1,876.1 1,936.7 2,007.0 2,034.2 1,245.8 1,252.9 414.0 300.3 213.6 234.8 148.0 146.1 170.6 185.6 170.3 182.9 137.1 156.9 144.1 157.9 177.9 135.5 137.9 150.6 161.4 140.2 152.9 101.1
Debt Metrics
Total Debt 703.4 759.5 703.1 699.2 699.1 672.4 920.8 925.0 931.4 933.9 935.6 937.6 944.8 948.5 948.3 950.2 952.0 955.4 953.0 935.8 936.6 42.0 43.0 44.0 44.9 61.7 62.2 62.8 63.3 14.7 14.4 14.1 13.9 13.6 13.4 13.1 16.4 16.1 15.8 15.5 15.2 0.1 0
Net Debt 647.1 695.8 646.6 644.4 640.6 617.1 842.8 825.4 854.7 753.7 549.9 728.4 591.0 623.4 643.9 639.8 523.4 494.6 527.6 476.0 4.2 (39.6) (26.0) 0.6 (24.0) 32.0 29.2 32.4 25.1 (4.2) (101.4) (8.9) (11.6) (49.2) (12.6) (23.4) (12.6) (0.7) (7) (9.3) (76.3) (90.1) (89.2)
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
Operating Activities
Net Income (8.3) (40.4) (38) (41.9) (426.1) 2.4 (60.7) (173.3) (78.2) (82.0) (66.9) (69.8) (88.0) (84.4) (77.0) (71.4) (81.5) (69.3) 16.5 (41.0) (87.4) 74.9 (23.7) (23.1) 1.3 (0.1) (29.1) (24.6) (30.3) (30.8) (25.0) (22.5) (24.2) (20.8) (22.0) (25.5) (23.9) (19.0) (17.5) (18.5) (19.4)
Depreciation & Amortization 4.1 4.6 4.4 4.6 372.8 10.9 16.1 14.3 12.0 11.7 5.5 4.9 4.5 4.5 4.3 4.3 4.2 4.1 2.7 2.4 2.4 2.4 2.3 2.3 2.4 2.5 2.6 2.4 2.4 1.8 1.8 1.8 1.8 1.8 1.8 2.0 2.9 1.1 1.0 1.0 0.8
Stock-Based Compensation 0 9.6 0 0 9.2 16.0 18.3 17.2 19.5 16.6 19.7 0 18.0 18.0 0 0 0 18.9 0 15.8 10.2 5.3 5.0 3.2 4.0 3.9 4.1 4.1 4.4 7.5 5.1 5.2 5.3 5.4 5.0 5.0 5.0 4.8 5.1 5.0 4.6
Change in Working Capital 3.2 7.5 3.2 (3.9) (2.4) 8.4 (17.3) (6.3) (25.3) (7.7) (12.6) 4.5 (43.1) (8.3) (13.7) (7.5) (24.4) 11.2 5.0 5.7 (0.9) (96.9) (1.4) (6.1) 101.7 (6.8) 4.9 0.5 (1.7) 2.6 3.9 0.9 (1.7) (6.9) (3.0) 4.7 (0.8) (0.2) (4.7) (6.4) (6.7)
Other Non-Cash Items (43.7) (0.4) 11.7 11.8 3.0 (68.2) (1.8) 93.9 (3.7) 4.6 (0.2) 11.9 14.0 9.7 23.3 14.1 22.7 2.3 29.9 1.4 52.6 2.9 0.0 (0.1) (34.0) (17.7) 0.3 0.3 0.3 0.7 0.1 0.1 0.2 0.3 0.2 0.6 0.2 0.4 0.2 0.0 0.3
Operating Cash Flow (44.7) (19.1) (18.7) (29.4) (44.1) (30.6) (45.5) (54.3) (75.7) (57.6) (65.2) (48.6) (94.7) (60.6) (63.1) (60.6) (79.0) (31.7) (40.7) (15.7) (23.1) (14.3) (17.8) (23.8) 75.4 (18.2) (17.3) (17.6) (25.3) (19.0) (14.2) (14.5) (18.8) (20.2) (17.8) (12.8) (16.7) (12.9) (15.9) (18.9) (20.3)
Investing Activities
Capital Expenditure (3.0) (0.9) 0.1 (0.6) (6.4) (1.6) 0.8 (1.5) (3.9) (2.0) (0.8) (2.3) (3.7) (5.1) (4.2) (4.0) (3.6) (2.8) (1.1) (1.6) (0.4) (0.1) (0.5) (0.3) (0.1) (0.1) (0.8) (0.6) (1.3) (0.1) (0.1) (1.4) (0.3) (1.1) (3.3) (3.4) (2.7) (2.7) (2.3) (2.8) (0.5)
Acquisitions 50 0 0 0 0 0 0 0 0 0 (0.1) 0 68.8 0 0 0 0 0 (319.8) 0 0 (155) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (52.4) (33.1) (65.8) (56.2) (61.8) (80.5) (114.6) (111.7) (191.9) (202.8) (76.9) (243.6) (233.3) (134.9) (66.8) (164.7) (76.4) (130.6) (222.0) (571.0) (64.4) (138.7) (115.4) (46.2) (73.0) (15.0) (6.0) (19.1) (17.6) (18.0) (59.7) (13.0) (31.5) (11.7) (13.4) (50.8) (10.4) (13.8) (17.5) (21.2) (43.4)
Sales/Maturities of Investments 48.2 60.0 84.6 82.0 113.4 140.3 136.9 190.0 161.7 138.3 320.1 147.3 164.5 220.4 124.9 108.5 122.1 199.2 251.3 111.7 73.0 40.3 52.2 43.7 18.8 11.8 26.4 27.6 56.9 12.5 22.5 26.5 24.1 23.4 21.6 11.6 38.6 23.1 30.6 14.9 20.5
Other Investing Activities (1.9) 0 0 0 (5) 0 0 0 0 0 0 0 (68.8) (0.2) 0 0 0 0 0 0 0 155 0 0 0 0 20.5 8.4 39.2 (5.5) (37.2) 13.5 (7.4) 0.0 (0.0) 0.0 28.1 9.3 13.2 (0.1) 0.1
Investing Cash Flow 35.9 26.0 18.9 25.3 45.2 58.2 23.1 76.8 (34.1) (66.6) 242.3 (98.6) (72.6) 80.4 53.9 (60.3) 42.1 65.8 (291.6) (460.8) 8.2 (98.5) (63.6) (2.9) (54.3) (3.4) 19.7 7.8 38.0 (5.5) (37.3) 12.2 (7.7) 10.7 4.9 (42.6) 25.5 6.7 10.9 (9.2) (23.2)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0.5 0 (0.2) (0.3) (0.4) (0.5) (0.5) (0.4) (0.4) (0.4) (0.4) (0.4) (0.4) 0 (0.1) 895.6 0 0 0 (16) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
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
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 0
Other Financing Activities 0 0 0 0 0 (50.7) 0 0 0 (82.1) (4.9) 0 7.2 1.2 0 0 0 1.7 (0.2) 0 (52) 32.2 0 0 34 18 0 0 0 5.3 1.7 0.0 2.5 0.1 2.4 (1.7) 3.4 0.2 3.0 1.1 3.4
Financing Cash Flow 1.4 0 1.5 0 2.0 (50.2) 0.8 (0.2) 6.6 (81.6) (0.8) 2.1 196.0 0.8 3.1 0.5 5.2 1.3 299.7 2.9 865.7 125.9 107.1 0.6 18.2 18.1 0.3 1.4 6.7 5.3 66.5 (0.1) 35.5 0.1 2.4 62.9 3.4 0.2 3.0 32.7 30.0
Cash Position
Net Change in Cash (7.4) 7.0 1.7 (4.1) 3.1 (22.6) (21.2) 22.9 (103.3) (205.7) 176.4 (144.5) 25.5 20.7 (6.0) (118.3) (32.2) 35.4 (34.2) (473.1) 850.8 13.4 25.7 (25.5) 39.2 (3.5) 2.7 (8.3) 19.4 (19.2) 15.0 (2.4) 9.0 (9.4) (10.5) 7.5 12.2 (6.0) (2.0) 4.7 (13.5)
Cash at Beginning 63.7 58.3 55.1 59.2 57.6 80.2 101.8 76.9 180.2 385.9 212.0 354.1 328.3 307.7 310.7 429.1 461.2 430.4 460.1 933.2 82.4 72.5 46.8 68.9 29.6 33.1 34.4 42.7 23.3 42.6 27.6 30.0 21.0 25.9 36.5 29.0 16.8 22.8 24.8 20.1 33.6
Cash at End 56.3 65.3 56.8 55.1 60.7 57.6 80.2 99.9 76.9 180.2 388.4 209.6 353.8 328.3 304.7 310.7 429.1 465.8 425.9 460.1 933.2 85.9 72.5 43.3 68.9 29.6 37.1 34.4 42.7 23.3 42.6 27.6 30.0 16.5 25.9 36.5 29.0 16.8 22.8 24.8 20.1
Free Cash Flow (47.7) (19.9) (18.6) (29.9) (50.4) (32.3) (44.7) (55.7) (79.6) (59.6) (66.0) (50.8) (98.4) (65.6) (67.2) (64.6) (82.7) (34.5) (41.8) (17.3) (23.5) (14.3) (18.3) (24.1) 75.2 (18.3) (18.1) (18.2) (26.6) (19.0) (14.3) (15.9) (19.1) (21.3) (21.1) (16.3) (19.3) (15.6) (18.2) (21.7) (20.7)
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 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2 2013 Q1 2012 Q4 2012 Q3 2012 Q2 2012 Q1 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q3 2010 Q2 2010 Q1 2009 Q4 2009 Q3
Income Statement
Revenue 37.2 44.6 38.4 39.8 37.2 39.2 40.0 36.0 38.8 58.4 55.7 47.6 38.9 27.4 32.3 35.5 33.2 36.0 34.9 30.6 29.0 27.1 19.1 17.1 15.6 27.9 21.9 24.6 16.4 19.5 18.2 21.6 19.4 24.9 23.5 20.1 24.9 25.7 25.1 20.7 19.1 36.3 13.9 24.9 17.6 16.9 20.6 11.4 11.6 9.1 7.4 6.0 5.6 5.9 2.8 7.3 10.0 12.4 10.5 10.6 0.3 0.3 0.2 0.6 0.5 0.1 0
Gross Profit 12.8 16.7 15.1 14.7 (1.4) 10.1 10.0 5.9 11.3 9.6 17.9 15.5 9.8 5.1 13.5 16.2 14.2 16.8 15.4 13.8 13.0 11.4 7.1 6.6 7.5 12.9 6.9 9.6 5.1 5.7 3.2 8.9 7.3 9.5 8.2 8.0 8.9 11.4 12.6 10.6 9.5 26.5 6.6 14.5 5.9 4.4 13.2 3.1 2.7 3.2 1.2 1.1 0.9 0.6 0.2 0.3 (0.2) 1.5 3.3 7.9 0.3 0.3 0.2 0.6 0.5 0.1 0
Operating Income (37.9) (41.2) (38.8) (44.9) (428.9) (153.0) (64.1) (175.8) (81.4) (87.5) (82.5) (73.2) (91.3) (87.1) (74.6) (68.0) (77.5) (64.7) (74.5) (37.6) (33.7) (24.0) (24.2) (23.5) (32.7) (17.9) (28.1) (24.4) (30.1) (30.6) (24.7) (21.7) (23.9) (20.5) (21.6) (24.4) (23.3) (17.9) (16.7) (18.1) (18.6) (1.1) 2.6 (11.4) (19.3) (17.9) (8.4) (18.3) (18.2) (17.0) (19.9) (20.0) (20.6) (21.7) (22.6) (22.6) (27.5) (22.7) (29.4) (22.7) (35.0) (36.6) (40.7) (32.7) (30.3) (28.1) (24.6)
Net Income (8.3) (40.4) (38) (41.9) (426.1) 2.4 (60.7) (173.3) (78.2) (82.0) (66.9) (69.8) (88.0) (84.4) (77.0) (71.4) (81.5) (69.3) 16.5 (41.0) (87.4) 74.9 (23.7) (23.1) 1.3 (0.1) (29.1) (24.6) (30.3) (30.8) (25.0) (22.5) (24.2) (20.8) (22.0) (25.5) (23.9) (19.0) (17.5) (18.5) (19.4) (1.4) 1.8 (11.9) (20.2) (19.0) (9.2) (19.1) (18.9) (17.2) (20.5) (20.5) (21.1) (21.7) (22.7) (22.5) (27.6) (22.8) (29.3) (22.5) (34.8) (36.4) (40.7) (32.7) (30.3) (28.1) (24.5)
EPS (Diluted) -0.03 -0.13 -0.13 -0.14 -1.44 0.01 -0.22 -0.64 -0.29 -0.31 -0.26 -0.28 -0.34 -0.35 -0.37 -0.32 -0.38 -0.31 0.08 -0.21 -0.45 0.37 -0.14 -0.15 0.01 -0.00 -0.19 -0.16 -0.20 -0.21 -0.19 -0.17 -0.20 -0.18 -0.19 -0.26 -0.26 -0.20 -0.19 -0.21 -0.23 -0.02 0.02 -0.16 -0.27 -0.26 -0.13 -0.27 -0.28 -0.26 -0.31 -0.33 -0.37 -0.39 -0.41 -0.40 -0.50 -0.41 -0.54 -0.42 -0.66 -0.69 -39.70 -51.20 -48.97 -27.37 -23.92
Balance Sheet
Cash & Equivalents 56.3 63.7 56.5 54.8 58.5 55.4 78.0 99.5 76.6 180.2 385.6 209.3 353.8 325.1 304.4 310.4 428.6 460.7 425.4 459.8 932.4 81.6 69.0 43.3 68.9 29.6 33.1 30.4 38.2 18.8 115.7 23.1 25.5 62.9 25.9 36.5 29.0 16.8 22.8 24.8 91.5 90.1 89.2
Total Assets 782.4 784.1 803.2 825.5 860.8 1,260.4 1,450.1 1,509.5 1,669.9 1,746.0 1,898.4 1,847.6 1,896.4 1,767.1 1,818.9 1,876.1 1,936.7 2,007.0 2,034.2 1,245.8 1,252.9 414.0 300.3 213.6 234.8 148.0 146.1 170.6 185.6 170.3 182.9 137.1 156.9 144.1 157.9 177.9 135.5 137.9 150.6 161.4 140.2 152.9 101.1
Total Debt 703.4 759.5 703.1 699.2 699.1 672.4 920.8 925.0 931.4 933.9 935.6 937.6 944.8 948.5 948.3 950.2 952.0 955.4 953.0 935.8 936.6 42.0 43.0 44.0 44.9 61.7 62.2 62.8 63.3 14.7 14.4 14.1 13.9 13.6 13.4 13.1 16.4 16.1 15.8 15.5 15.2 0.1 0
Stockholders' Equity 2.4 5.3 36.1 61.5 91.6 506.6 453.1 492.7 649.0 701.3 763.7 642.0 692.1 562.9 626.6 681.9 734.6 791.0 840.8 258.2 280.6 335.5 129.5 41.4 60.4 54.9 51.0 75.8 94.8 114.1 131.9 85.5 102.7 86.1 101.4 115.9 69.2 84.7 98.7 108.1 88.8 131.7 (177.1)
Cash Flow
Operating Cash Flow (44.7) (19.1) (18.7) (29.4) (44.1) (30.6) (45.5) (54.3) (75.7) (57.6) (65.2) (48.6) (94.7) (60.6) (63.1) (60.6) (79.0) (31.7) (40.7) (15.7) (23.1) (14.3) (17.8) (23.8) 75.4 (18.2) (17.3) (17.6) (25.3) (19.0) (14.2) (14.5) (18.8) (20.2) (17.8) (12.8) (16.7) (12.9) (15.9) (18.9) (20.3)
Capital Expenditure (3.0) (0.9) 0.1 (0.6) (6.4) (1.6) 0.8 (1.5) (3.9) (2.0) (0.8) (2.3) (3.7) (5.1) (4.2) (4.0) (3.6) (2.8) (1.1) (1.6) (0.4) (0.1) (0.5) (0.3) (0.1) (0.1) (0.8) (0.6) (1.3) (0.1) (0.1) (1.4) (0.3) (1.1) (3.3) (3.4) (2.7) (2.7) (2.3) (2.8) (0.5)
Free Cash Flow (47.7) (19.9) (18.6) (29.9) (50.4) (32.3) (44.7) (55.7) (79.6) (59.6) (66.0) (50.8) (98.4) (65.6) (67.2) (64.6) (82.7) (34.5) (41.8) (17.3) (23.5) (14.3) (18.3) (24.1) 75.2 (18.3) (18.1) (18.2) (26.6) (19.0) (14.3) (15.9) (19.1) (21.3) (21.1) (16.3) (19.3) (15.6) (18.2) (21.7) (20.7)