PCVX - Vaxcyte, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$89.00
DETAILS
HIGH:
$89.00
LOW:
$89.00
MEDIAN:
$89.00
CONSENSUS:
$89.00
UPSIDE:
88.16%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 5.9 | (5.0) | 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 |
| Gross Profit | (5.9) | 5.0 | 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 |
| Operating Expenses | |||||||||||||||||||||||||||||
| R&D Expenses | 312.8 | 242.1 | 209.9 | 194.2 | 148.1 | 133.6 | 116.9 | 131.5 | 94.6 | 104.2 | 97.4 | 72.7 | 58.1 | 51.6 | 47.7 | 38.5 | 31.7 | 23.1 | 20.4 | 17.7 | 17.3 | 14.7 | 16.4 | 18.2 | 24.3 | 13.4 | 9.6 | 10.0 | 12.6 |
| SG&A Expenses | 33.1 | 32.2 | 32.4 | 32.0 | 32.7 | 28.6 | 23.0 | 21.5 | 19.9 | 17.5 | 15.6 | 14.5 | 13.1 | 12.0 | 10.9 | 9.4 | 7.5 | 6.8 | 6.5 | 6.1 | 5.9 | 4.8 | 4.9 | 3.0 | 3.3 | 2.5 | 2.5 | 2.3 | 1.3 |
| Other Expenses | (5.9) | 5.0 | 0 | (5.0) | 0 | 0 | 0 | 0 | 0 | 75 | 0 | 0 | 0 | 23.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 340.0 | 279.3 | 242.4 | 221.2 | 180.8 | 162.2 | 139.9 | 153.0 | 114.5 | 196.7 | 113.0 | 87.1 | 71.2 | 86.6 | 58.6 | 47.9 | 39.2 | 29.8 | 27.0 | 23.7 | 23.1 | 19.5 | 21.3 | 21.2 | 27.6 | 15.8 | 12.1 | 12.2 | 13.9 |
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (345.9) | (274.3) | (242.4) | (226.2) | (180.8) | (162.2) | (139.9) | (153.0) | (114.5) | (196.7) | (113.0) | (87.1) | (71.2) | (86.6) | (58.6) | (47.9) | (39.2) | (29.8) | (27.0) | (23.7) | (23.1) | (19.5) | (21.3) | (21.2) | (27.6) | (15.8) | (12.1) | (12.2) | (13.9) |
| Interest 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 | 0.0 | 0.0 | 0.0 |
| Interest Income | 26.6 | 26.5 | 29.3 | 31.1 | 32.9 | 36.5 | 28.1 | 23.8 | 21.7 | 17.6 | 18.5 | 16.5 | 10.4 | 6.6 | 1.2 | 0.4 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 |
| Profitability | |||||||||||||||||||||||||||||
| EBITDA | (340.0) | (234.6) | (209.8) | (161.6) | (175.9) | (52.6) | (135.1) | (149.5) | (111.4) | (177.9) | (108.9) | (82.3) | (68.2) | (75.8) | (55.6) | (46.4) | (36.7) | (27.4) | (25.8) | (22.8) | (22.6) | (20.4) | (20.7) | (20.0) | (26.8) | (14.3) | (11.0) | (10.4) | (13.4) |
| EBIT | (345.9) | (246.5) | (212.8) | (166.6) | (180.8) | (57.4) | (139.6) | (153.0) | (114.5) | (180.8) | (111.4) | (84.7) | (70.5) | (78.0) | (57.9) | (48.5) | (39.1) | (28.6) | (26.6) | (23.7) | (23.1) | (20.7) | (21.0) | (20.3) | (27.1) | (14.6) | (11.3) | (10.7) | (13.7) |
| Income Before Tax | (320.6) | (246.5) | (212.8) | (166.6) | (140.7) | (137.1) | (103.1) | (128.7) | (95.0) | (180.8) | (92.7) | (68.3) | (60.5) | (78.0) | (57.9) | (48.5) | (39.0) | (28.6) | (26.6) | (23.7) | (21.2) | (20.7) | (21.0) | (20.3) | (27.1) | (14.6) | (11.3) | (10.7) | (13.7) |
| 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 |
| Net Income | (320.6) | (246.5) | (212.8) | (166.6) | (140.7) | (137.1) | (103.1) | (128.7) | (95.0) | (180.8) | (92.7) | (68.3) | (60.5) | (78.0) | (57.9) | (48.5) | (39.0) | (28.6) | (26.6) | (23.7) | (21.2) | (20.7) | (21.0) | (20.3) | (27.1) | (17.8) | (11.3) | (10.7) | (13.7) |
| Per Share Data | |||||||||||||||||||||||||||||
| EPS (Basic) | -2.30 | -1.81 | -1.56 | -1.22 | -1.04 | -1.12 | -0.83 | -1.10 | -0.85 | -1.73 | -0.91 | -0.70 | -0.70 | -1.03 | -0.93 | -0.80 | -0.68 | -0.52 | -0.51 | -0.46 | -0.41 | -0.41 | -0.41 | -0.42 | -0.58 | -0.83 | -2.93 | -2.90 | -3.72 |
| EPS (Diluted) | -2.30 | -1.81 | -1.56 | -1.22 | -1.04 | -1.12 | -0.83 | -1.10 | -0.85 | -1.73 | -0.91 | -0.70 | -0.70 | -1.03 | -0.93 | -0.80 | -0.68 | -0.52 | -0.51 | -0.46 | -0.41 | -0.41 | -0.41 | -0.42 | -0.58 | -0.83 | -2.93 | -2.90 | -3.72 |
| Shares Outstanding | 139.5 | 136.1 | 136.2 | 136.0 | 135.7 | 122.8 | 123.7 | 117.3 | 111.7 | 104.4 | 101.7 | 98.1 | 86.2 | 75.5 | 62.0 | 60.8 | 57.5 | 54.7 | 52.2 | 51.5 | 51.2 | 51.0 | 50.9 | 48.8 | 46.8 | 25.3 | 3.9 | 3.7 | 3.7 |
| 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 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||
| Cash & Cash Equivalents | 260.8 | 174.0 | 281.1 | 306.7 | 346.9 | 387.9 | 1,050.2 | 518.7 | 611.5 | 397.5 | 545.1 | 531.0 | 380.5 | 834.7 | 278.4 | 238.2 | 201.7 | 69.0 | 112.0 | 151.0 | 198.9 | 386.2 | 397.0 | 410.0 | 154.8 | 59.0 | (66.1) |
| Short-Term Investments | 1,476.3 | 1,387 | 1,430.2 | 1,354.7 | 1,324.9 | 1,359.3 | 1,130.3 | 934.0 | 875.0 | 682.8 | 720.5 | 756.0 | 441.6 | 96.7 | 83.8 | 116.3 | 132.9 | 177.0 | 166.5 | 141.1 | 122.2 | 0 | 0 | 0 | 0 | 0 | 132.2 |
| Net Receivables | 0 | 46.6 | 0.4 | 0 | 0 | 0 | 17.9 | 17.9 | 0.1 | 0 | 1.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Other Current Assets | 76.3 | 2.8 | 55.4 | 54.3 | 44.8 | 40.8 | 4.9 | 1.4 | 30.5 | 15.7 | 1.3 | 23.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 1,813.5 | 1,627.4 | 1,767.2 | 1,715.8 | 1,716.6 | 1,788.0 | 2,213.9 | 1,481.5 | 1,517.1 | 1,096.0 | 1,295.4 | 1,310.3 | 840.7 | 942.6 | 369.8 | 363.7 | 342.2 | 256.3 | 302.9 | 301.5 | 324.7 | 389.0 | 400.8 | 413.1 | 158.6 | 61.7 | 66.1 |
| Non-Current Assets | |||||||||||||||||||||||||||
| Property, Plant & Equipment | 373.8 | 491.7 | 337.0 | 327.9 | 304.9 | 332.6 | 249.9 | 203.3 | 157.3 | 145.3 | 27.8 | 34.4 | 34.9 | 31.6 | 32.8 | 34.7 | 36.3 | 35.9 | 6.9 | 6.3 | 6.0 | 3.3 | 2.5 | 2.8 | 3.3 | 3.4 | 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 |
| Intangible Assets | 0 | 0 | 0 | 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 | 1,005.5 | 883.1 | 960.7 | 1,165.1 | 1,279.0 | 1,387.5 | 1,092.6 | 399.2 | 413.2 | 162.7 | 168.6 | 153.7 | 127.8 | 26.5 | 4.0 | 6.9 | 17.7 | 27.1 | 39.7 | 48.8 | 49.8 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 155.5 | 0.5 | 106.7 | 96.6 | 77.6 | 3.2 | 3.4 | 3.2 | 3.7 | 4.0 | 4.3 | 4.3 | 4.8 | 5.4 | 5.5 | 6.3 | 6.5 | 5.0 | 4.5 | 1.4 | 1.9 | 0.6 | 0.4 | 0.4 | 0.6 | 0.6 | (66.1) |
| Total Non-Current Assets | 1,534.8 | 1,418.6 | 1,404.4 | 1,589.6 | 1,661.5 | 1,723.3 | 1,345.9 | 605.8 | 574.2 | 312.0 | 200.6 | 192.5 | 167.5 | 63.6 | 42.3 | 47.9 | 60.5 | 68.0 | 51.1 | 56.5 | 57.6 | 3.8 | 3.0 | 3.2 | 3.9 | 4.0 | (66.1) |
| Total Assets | 3,348.3 | 3,046.0 | 3,171.6 | 3,305.4 | 3,378.1 | 3,511.3 | 3,559.7 | 2,087.3 | 2,091.3 | 1,407.9 | 1,496.1 | 1,502.8 | 1,008.2 | 1,006.2 | 412.1 | 411.6 | 402.7 | 324.3 | 354.1 | 358.1 | 382.4 | 392.8 | 403.8 | 416.2 | 162.5 | 65.7 | 0 |
| Current Liabilities | |||||||||||||||||||||||||||
| Account Payables | 63.1 | 70.9 | 49.0 | 31.4 | 20.5 | 48.5 | 18.2 | 10.5 | 21.7 | 14.6 | 15.7 | 16.3 | 11.6 | 9.8 | 5.5 | 7.0 | 4.8 | 6.8 | 25.7 | 23.7 | 31.9 | 29.8 | 10.7 | 2.6 | 2.6 | 3.4 | 0 |
| Short-Term Debt | 6.1 | 6.1 | 5.8 | 0 | 0 | 0 | 9.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 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 Liabilities | 165.0 | 105.7 | 128.6 | 10.8 | 6.0 | 20.6 | 83.7 | 6.5 | 3.1 | 11.1 | 6.9 | 4.4 | 1.9 | 1.2 | 3.5 | 2.1 | 1.3 | 3.5 | 2.1 | 1.4 | 1.0 | 0.3 | 1.5 | 0.8 | 0.4 | 0.4 | 0 |
| Total Current Liabilities | 242.1 | 205.8 | 200.0 | 154.5 | 97.0 | 140.2 | 123.8 | 82.8 | 87.1 | 145.3 | 85.6 | 60.2 | 52.7 | 40.5 | 39.3 | 30.5 | 27.2 | 28.7 | 47.5 | 40.7 | 55.0 | 46.9 | 39.6 | 32.9 | 24.5 | 11.1 | 0 |
| Non-Current Liabilities | |||||||||||||||||||||||||||
| Long-Term Debt | 0 | 111.4 | 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 |
| Deferred Tax Liabilities | 0 | 43.2 | 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 |
| Other Non-Current Liabilities | 0 | (111.3) | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 161.0 | 0 |
| Total Non-Current Liabilities | 110.2 | 154.7 | 78.7 | 79.5 | 81.1 | 65.3 | 18.3 | 18.3 | 20.2 | 22.1 | 7.8 | 9.2 | 10.6 | 12.0 | 13.4 | 14.7 | 15.9 | 11.6 | 0.7 | 0.3 | 0.4 | 0.1 | 0.1 | 0.1 | 0.2 | 161.0 | 0 |
| Total Liabilities | 352.3 | 360.5 | 278.7 | 234.0 | 178.1 | 205.5 | 142.1 | 101.1 | 107.3 | 167.4 | 93.3 | 69.4 | 63.4 | 52.6 | 52.8 | 45.1 | 43.2 | 40.3 | 48.1 | 41.0 | 55.4 | 47.0 | 39.7 | 33.0 | 24.7 | 172.1 | 0 |
| Stockholders' Equity | |||||||||||||||||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0 |
| Retained Earnings | (2,475.6) | (2,154.9) | (1,908.4) | (1,695.6) | (1,529.0) | (1,388.3) | (1,251.2) | (1,148.1) | (1,019.4) | (924.4) | (743.6) | (650.9) | (582.6) | (522.1) | (444.1) | (386.2) | (337.6) | (298.6) | (270.1) | (243.5) | (219.8) | (198.6) | (177.8) | (156.8) | (136.5) | (109.3) | 0 |
| Accumulated Other Comprehensive Income | (6.8) | 1.6 | 0.9 | (1.9) | (0.3) | (3.9) | 0.1 | 1.8 | 2.9 | 0.2 | (2.3) | (2.5) | 0.0 | (0.4) | (0.7) | (0.9) | (0.8) | (0.2) | (0.0) | (0.0) | (0.0) | 0 | 0 | 0 | 0 | 0 | (57.7) |
| Total Stockholders' Equity | 2,996.0 | 2,685.5 | 2,892.9 | 3,071.3 | 3,200.0 | 3,305.8 | 3,417.6 | 1,986.1 | 1,984.0 | 1,240.5 | 1,402.7 | 1,433.4 | 944.8 | 953.6 | 359.3 | 366.5 | 359.5 | 284.0 | 306.0 | 317.0 | 326.9 | 345.8 | 364.1 | 383.2 | 137.8 | (106.4) | 60.5 |
| Total Liabilities & Equity | 3,348.3 | 3,046.0 | 3,171.6 | 3,305.4 | 3,378.1 | 3,511.3 | 3,559.7 | 2,087.3 | 2,091.3 | 1,407.9 | 1,496.1 | 1,502.8 | 1,008.2 | 1,006.2 | 412.1 | 411.6 | 402.7 | 324.3 | 354.1 | 358.1 | 382.4 | 392.8 | 403.8 | 416.2 | 162.5 | 65.7 | 60.5 |
| Debt Metrics | |||||||||||||||||||||||||||
| Total Debt | 116.3 | 228.8 | 84.4 | 85.8 | 87.2 | 71.1 | 28.0 | 25.6 | 27.4 | 29.2 | 13.8 | 15.2 | 16.6 | 17.9 | 19.8 | 21.2 | 22.4 | 16.8 | 1.2 | 0.9 | 1.1 | 0 | 0 | 0 | 0 | 0.2 | 0 |
| Net Debt | (144.5) | 54.9 | (196.6) | (220.9) | (259.6) | (316.8) | (1,022.2) | (493.1) | (584.1) | (368.2) | (531.3) | (515.8) | (363.9) | (816.7) | (258.6) | (217.0) | (179.3) | (52.2) | (110.9) | (150.1) | (197.8) | (386.2) | (397.0) | (410.0) | (154.8) | (58.8) | 66.1 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | (320.6) | (246.5) | (212.8) | (166.6) | (140.7) | (137.1) | (103.1) | (128.7) | (95.0) | (180.8) | (92.7) | (68.3) | (60.5) | (78.0) | (57.9) | (48.5) | (39.0) | (28.6) | (26.6) | (23.7) | (21.2) | (20.7) | (21.0) | (20.3) | (27.1) | (14.6) | (11.3) | (10.7) | (13.7) |
| Depreciation & Amortization | 5.9 | 9.8 | 5.2 | 5.0 | 4.9 | 4.8 | 4.5 | 3.5 | 3.1 | 2.9 | 2.5 | 2.4 | 2.3 | 2.3 | 2.4 | 2.2 | 2.4 | 1.2 | 0.9 | 0.9 | 0.5 | 0.3 | 0.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | 0.3 |
| Stock-Based Compensation | 0 | 36.0 | 35.3 | 36.9 | 30.6 | 24.4 | 21.3 | 21.6 | 17.6 | 13.3 | 13.2 | 12.5 | 9.6 | 7.0 | 6.6 | 5.9 | 4.1 | 3.2 | 2.9 | 2.8 | 1.9 | 1.9 | 1.8 | 1.3 | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 |
| Change in Working Capital | (2.9) | 3.7 | 32.1 | 33.7 | (49.5) | (2.5) | 29.2 | (7.8) | (73.8) | 38.1 | 34.0 | 2.5 | 6.8 | (3.3) | 10.6 | 1.0 | 4.4 | (27.5) | (6.1) | (9.0) | 5.5 | 7.7 | 5.8 | 9.2 | 12.6 | 0.2 | 2.1 | (2.0) | 3.6 |
| Other Non-Cash Items | 37.1 | (27.8) | (3.1) | (30.2) | (11.5) | (1.0) | (12.6) | (9.9) | (11.0) | (2.4) | (14.6) | (11.8) | (6.0) | 6.8 | (0.2) | 0.3 | 0.4 | 0.6 | 0.5 | 0.3 | 0.2 | 0.0 | 0.0 | 0.3 | 0.2 | (0.7) | (0.8) | (1.4) | (0.2) |
| Operating Cash Flow | (280.6) | (224.8) | (143.3) | (121.2) | (166.3) | (111.4) | (60.7) | (121.4) | (159.1) | (128.8) | (57.5) | (62.7) | (47.7) | (65.2) | (38.5) | (39.1) | (27.7) | (51.1) | (28.4) | (28.7) | (13.2) | (10.8) | (13.1) | (9.2) | (13.6) | (14.4) | (9.5) | (13.5) | (9.8) |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditure | (14.8) | 5.6 | (12.0) | 19.5 | (26.8) | (30.0) | (38.1) | (45.4) | (12.1) | (57.1) | (7.3) | 2.1 | (5.6) | (1.1) | (0.8) | (0.9) | (2.9) | (1.4) | (1.7) | (2.2) | (1.2) | (0.7) | (0.0) | (0.1) | (0.3) | (1.0) | (0.1) | (0.2) | (0.0) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | 0.3 | 0.4 | 0.0 | (0.0) | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (584.1) | (292.6) | (255.3) | (349.1) | (314.5) | (815.2) | (1,233.1) | (350.6) | (687.7) | (203.6) | (209.7) | (432.8) | (483.8) | (71.3) | (17.6) | (6.9) | (7.0) | (41.1) | (66.7) | (56.4) | (172.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 365.5 | 416.2 | 388.5 | 436.5 | 464.6 | 288.1 | 354.2 | 309.2 | 248.7 | 246.8 | 239.3 | 97.1 | 41.3 | 36.5 | 53.1 | 34 | 59.6 | 42.5 | 50.0 | 38.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (14.0) | 0 | (29.3) | 0 | 0 | 0 | 6.4 | 0 | 0 | 0.0 | (0.3) | (0.4) | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (233.4) | 115.1 | 121.2 | 77.7 | 123.3 | (557.2) | (917.0) | (80.4) | (451.1) | (13.9) | 22.3 | (333.6) | (448.1) | (36.0) | 34.7 | 26.2 | 49.7 | 0.1 | (18.5) | (20.5) | (173.4) | (0.7) | 0.0 | (0.1) | (0.3) | (1.0) | (0.1) | (0.2) | (0.0) |
| Financing Activities | |||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 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) | (0.1) | (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 |
| 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 |
| Other Financing Activities | (9.3) | 5.9 | (4.0) | (0.7) | 0.8 | 4.9 | 2.4 | 3.8 | 1.7 | 2.8 | (0.5) | 1.7 | (0.2) | 3.0 | 0.9 | 0.9 | 0.3 | 2.0 | 0.5 | 1.0 | 0.5 | 0.6 | 0.0 | 264.5 | (0.0) | (1.1) | 0.4 | 0.0 | 0 |
| Financing Cash Flow | 601.6 | 2.4 | (3.7) | 2.5 | 0.8 | 4.9 | 1,515.0 | 110.4 | 818.2 | 2.7 | 48.5 | 547.0 | 41.6 | 656.6 | 44.0 | 49.9 | 111.0 | 8.8 | 7.6 | 1.0 | 0.5 | 0.6 | 0.0 | 264.5 | 109.8 | 41.4 | 0.4 | (0.1) | (0.1) |
| Cash Position | |||||||||||||||||||||||||||||
| Net Change in Cash | 86.9 | (107.1) | (25.5) | (40.1) | (41.0) | (662.3) | 531.7 | (92.8) | 214.1 | (147.7) | 14.3 | 150.6 | (454.2) | 556.3 | 40.2 | 36.4 | 132.8 | (43.1) | (39.0) | (47.9) | (186.4) | (10.8) | (13.0) | 255.3 | 95.8 | 25.7 | (9.2) | (13.8) | (9.9) |
| Cash at Beginning | 174.0 | 282.5 | 308.1 | 348.2 | 389.2 | 1,051.5 | 519.8 | 611.5 | 398.6 | 546.2 | 531.9 | 381.3 | 835.5 | 279.3 | 239.0 | 202.6 | 69.9 | 112.9 | 151.9 | 199.8 | 386.2 | 397.0 | 410.0 | 154.8 | 59.0 | 33.3 | 42.5 | 56.2 | 66.1 |
| Cash at End | 260.8 | 175.4 | 282.5 | 308.1 | 348.2 | 389.2 | 1,051.5 | 518.7 | 612.6 | 398.6 | 546.2 | 531.9 | 381.3 | 835.5 | 279.3 | 239.0 | 202.6 | 69.9 | 112.9 | 151.9 | 199.8 | 386.2 | 397.0 | 410.0 | 154.8 | 59.0 | 33.3 | 42.5 | 56.2 |
| Free Cash Flow | (295.4) | (219.3) | (155.4) | (101.7) | (193.0) | (141.4) | (98.8) | (166.8) | (171.2) | (185.9) | (64.9) | (60.6) | (53.3) | (66.4) | (39.4) | (40.1) | (30.6) | (52.5) | (30.1) | (30.9) | (14.5) | (11.5) | (13.1) | (9.2) | (14.0) | (15.4) | (9.5) | (13.7) | (9.8) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (5.9) | 5.0 | 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 |
| Operating Income | (345.9) | (274.3) | (242.4) | (226.2) | (180.8) | (162.2) | (139.9) | (153.0) | (114.5) | (196.7) | (113.0) | (87.1) | (71.2) | (86.6) | (58.6) | (47.9) | (39.2) | (29.8) | (27.0) | (23.7) | (23.1) | (19.5) | (21.3) | (21.2) | (27.6) | (15.8) | (12.1) | (12.2) | (13.9) |
| Net Income | (320.6) | (246.5) | (212.8) | (166.6) | (140.7) | (137.1) | (103.1) | (128.7) | (95.0) | (180.8) | (92.7) | (68.3) | (60.5) | (78.0) | (57.9) | (48.5) | (39.0) | (28.6) | (26.6) | (23.7) | (21.2) | (20.7) | (21.0) | (20.3) | (27.1) | (17.8) | (11.3) | (10.7) | (13.7) |
| EPS (Diluted) | -2.30 | -1.81 | -1.56 | -1.22 | -1.04 | -1.12 | -0.83 | -1.10 | -0.85 | -1.73 | -0.91 | -0.70 | -0.70 | -1.03 | -0.93 | -0.80 | -0.68 | -0.52 | -0.51 | -0.46 | -0.41 | -0.41 | -0.41 | -0.42 | -0.58 | -0.83 | -2.93 | -2.90 | -3.72 |
| Balance Sheet | |||||||||||||||||||||||||||||
| Cash & Equivalents | 260.8 | 174.0 | 281.1 | 306.7 | 346.9 | 387.9 | 1,050.2 | 518.7 | 611.5 | 397.5 | 545.1 | 531.0 | 380.5 | 834.7 | 278.4 | 238.2 | 201.7 | 69.0 | 112.0 | 151.0 | 198.9 | 386.2 | 397.0 | 410.0 | 154.8 | 59.0 | (66.1) | ||
| Total Assets | 3,348.3 | 3,046.0 | 3,171.6 | 3,305.4 | 3,378.1 | 3,511.3 | 3,559.7 | 2,087.3 | 2,091.3 | 1,407.9 | 1,496.1 | 1,502.8 | 1,008.2 | 1,006.2 | 412.1 | 411.6 | 402.7 | 324.3 | 354.1 | 358.1 | 382.4 | 392.8 | 403.8 | 416.2 | 162.5 | 65.7 | 0 | ||
| Total Debt | 116.3 | 228.8 | 84.4 | 85.8 | 87.2 | 71.1 | 28.0 | 25.6 | 27.4 | 29.2 | 13.8 | 15.2 | 16.6 | 17.9 | 19.8 | 21.2 | 22.4 | 16.8 | 1.2 | 0.9 | 1.1 | 0 | 0 | 0 | 0 | 0.2 | 0 | ||
| Stockholders' Equity | 2,996.0 | 2,685.5 | 2,892.9 | 3,071.3 | 3,200.0 | 3,305.8 | 3,417.6 | 1,986.1 | 1,984.0 | 1,240.5 | 1,402.7 | 1,433.4 | 944.8 | 953.6 | 359.3 | 366.5 | 359.5 | 284.0 | 306.0 | 317.0 | 326.9 | 345.8 | 364.1 | 383.2 | 137.8 | (106.4) | 60.5 | ||
| Cash Flow | |||||||||||||||||||||||||||||
| Operating Cash Flow | (280.6) | (224.8) | (143.3) | (121.2) | (166.3) | (111.4) | (60.7) | (121.4) | (159.1) | (128.8) | (57.5) | (62.7) | (47.7) | (65.2) | (38.5) | (39.1) | (27.7) | (51.1) | (28.4) | (28.7) | (13.2) | (10.8) | (13.1) | (9.2) | (13.6) | (14.4) | (9.5) | (13.5) | (9.8) |
| Capital Expenditure | (14.8) | 5.6 | (12.0) | 19.5 | (26.8) | (30.0) | (38.1) | (45.4) | (12.1) | (57.1) | (7.3) | 2.1 | (5.6) | (1.1) | (0.8) | (0.9) | (2.9) | (1.4) | (1.7) | (2.2) | (1.2) | (0.7) | (0.0) | (0.1) | (0.3) | (1.0) | (0.1) | (0.2) | (0.0) |
| Free Cash Flow | (295.4) | (219.3) | (155.4) | (101.7) | (193.0) | (141.4) | (98.8) | (166.8) | (171.2) | (185.9) | (64.9) | (60.6) | (53.3) | (66.4) | (39.4) | (40.1) | (30.6) | (52.5) | (30.1) | (30.9) | (14.5) | (11.5) | (13.1) | (9.2) | (14.0) | (15.4) | (9.5) | (13.7) | (9.8) |