PGY - Pagaya Technologies Ltd.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$30.00
DETAILS
HIGH:
$33.00
LOW:
$27.00
MEDIAN:
$30.00
CONSENSUS:
$30.00
UPSIDE:
29.17%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||
| Revenue | 365.6 | 299.0 | 321.0 | 339.9 | 317.7 | 282.7 | 275.7 | 249.3 | 242.6 | 237.0 | 210.4 | 201.4 | 185.7 | 175.3 | 178.2 | 185.6 | 163.3 | 158.3 | 144.3 | 128.1 | 92.2 | 91.6 | 36.4 | 36.4 | 13.1 | 13.1 |
| Cost of Revenue | 218.7 | 177.6 | 190.0 | 200.6 | 191.5 | 167.1 | 158.2 | 149.0 | 145.6 | 144.9 | 134.5 | 128.8 | 120.6 | 125.1 | 124.7 | 129.1 | 105.0 | 92.3 | 50.8 | 81.7 | 62.6 | 49.9 | 17.7 | 17.7 | 6.9 | 6.9 |
| Gross Profit | 146.9 | 121.4 | 131.0 | 139.3 | 126.2 | 115.6 | 117.5 | 100.3 | 97.0 | 92.1 | 75.9 | 72.7 | 65.1 | 50.2 | 53.5 | 56.5 | 58.3 | 66.0 | 93.4 | 46.4 | 29.6 | 41.7 | 18.7 | 18.7 | 6.3 | 6.3 |
| Operating Expenses | ||||||||||||||||||||||||||
| R&D Expenses | 17.3 | 15.9 | 19.1 | 18.2 | 18.5 | 19.4 | 18.6 | 16.7 | 21.9 | 19.4 | 17.6 | 18.0 | 17.7 | 21.1 | 23.6 | 38.6 | 65.1 | 23.6 | 14.9 | 11.9 | 8.6 | 19.7 | 3.5 | 3.5 | 2.6 | 2.6 |
| SG&A Expenses | 45.2 | 44.4 | 46.0 | 51.4 | 60.0 | 55.8 | 70.8 | 69.2 | 77.8 | 73.3 | 55.4 | 64.8 | 67.6 | 65.4 | 71.3 | 100.4 | 162.1 | 64.6 | 91.2 | 28.1 | 17.6 | 31.3 | 6.4 | 5.8 | 2.0 | 2.0 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | (3.7) | (8.0) | (7.8) | (8.3) | (7.6) | (10.3) | (9.9) | (11.4) | (14.7) | (18.3) | (18.2) | (12.2) | (10.5) | (8.4) | (6.9) | 0 | (0.6) | 0.1 | 0.2 | 0.2 |
| Operating Expenses | 62.5 | 60.4 | 65.0 | 69.6 | 78.5 | 75.2 | 85.7 | 77.9 | 92.0 | 84.4 | 65.3 | 72.5 | 75.3 | 75.2 | 80.2 | 120.7 | 208.9 | 76.1 | 95.6 | 31.6 | 19.2 | 51.0 | 9.4 | 9.4 | 4.9 | 4.9 |
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | 84.4 | 61.1 | 65.9 | 69.7 | 47.8 | 40.4 | 31.7 | 22.4 | 5.0 | 7.7 | 10.7 | 0.2 | (10.2) | (25.0) | (26.7) | (64.2) | (150.6) | (10.0) | (2.2) | 14.8 | 10.4 | (9.2) | 9.3 | 9.3 | 1.3 | 1.3 |
| 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 |
| Interest Income | 22.2 | 17.7 | 15.1 | 14.9 | 10.7 | 7.7 | 7.6 | 8.7 | 8.2 | 7.7 | 7.8 | 10.4 | 10.2 | 10.4 | 14.6 | 13.7 | 17.3 | 12.2 | 10.6 | 8.5 | 7.0 | 0.0 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||||||||||||||||
| EBITDA | 45.2 | 31.2 | 29.2 | 15.7 | 29.1 | 7.7 | 36.3 | 21.5 | 4.3 | 5.7 | 9.0 | (5.0) | (15.7) | (32.8) | (39.2) | (79.6) | (168.2) | (21.7) | (12.3) | 6.6 | 3.5 | (9.1) | 9.4 | 9.4 | 1.4 | 1.4 |
| EBIT | 41.2 | 27.3 | 22.1 | 8.1 | 21.5 | (0.0) | 28.0 | 14.4 | (2.7) | (0.6) | 3.0 | (10.1) | (20.2) | (36.4) | (41.4) | (82.5) | (168.9) | (22.2) | (12.7) | 6.4 | 3.5 | (9.2) | 9.3 | 9.3 | 1.3 | 1.3 |
| Income Before Tax | 41.2 | 27.3 | 22.1 | 8.1 | 21.5 | (0.0) | (240.5) | (85.8) | (68.2) | (26.7) | (15.0) | (47.1) | (27.1) | (92.0) | (61.4) | (60.9) | (144.3) | (9.7) | (6.5) | (18.0) | 1.2 | (18.6) | 9.3 | 9.3 | 1.3 | 1.3 |
| Income Tax Expense | (1.1) | 3.1 | (7.0) | (15.2) | 5.0 | (2.5) | 16.6 | (11.5) | 14.5 | 5.0 | 5.1 | (1.2) | 5.0 | 6.7 | (9.2) | 6.1 | 19.7 | (0.2) | (3.5) | 3.6 | 1.6 | 3.9 | 0.6 | 0.6 | 0.1 | 0.1 |
| Net Income | 45.3 | 24.7 | 34.3 | 22.5 | 16.7 | 7.9 | (237.9) | (67.5) | (74.8) | (21.2) | (14.4) | (21.8) | (31.3) | (61.0) | (34.0) | (74.8) | (175.3) | (18.3) | (10.5) | (28.2) | (5.9) | (26.3) | 6.0 | 6.0 | 1.3 | 1.3 |
| Per Share Data | ||||||||||||||||||||||||||
| EPS (Basic) | 0.53 | 0.29 | 0.41 | 0.27 | 0.20 | 0.10 | -3.20 | -0.93 | -1.04 | -0.33 | -0.24 | -0.36 | -0.53 | -1.03 | -0.91 | -2.25 | -8.49 | -0.56 | – | -1.72 | -0.36 | -1.08 | 0.27 | 0.27 | 0.27 | 0.27 |
| EPS (Diluted) | 0.49 | 0.29 | 0.36 | 0.23 | 0.20 | 0.10 | -3.20 | -0.93 | -1.04 | -0.33 | -0.23 | -0.33 | -0.52 | -1.03 | -0.91 | -2.25 | -8.49 | -0.56 | – | -1.72 | -0.36 | -1.08 | 0.27 | 0.27 | 0.27 | 0.27 |
| Shares Outstanding | 83.2 | 88.2 | 81.9 | 78.5 | 76.9 | 75.8 | 74.3 | 72.7 | 71.8 | 64.5 | 61.3 | 60.4 | 59.6 | 59.3 | 57.3 | 29.8 | 21.3 | 17.1 | 0 | 16.3 | 16.1 | 16.1 | 18.4 | 18.4 | 18.4 | 18.4 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||
| Cash & Cash Equivalents | 249.3 | 317.8 | 235.3 | 218.3 | 183.0 | 186.8 | 187.9 | 147.1 | 233.6 | 274.5 | 186.5 | 252.6 | 304.0 | 289.4 | 309.8 | 327.9 | 415.0 | 0.2 | 190.8 | 0.4 | 42.5 | 0.7 | 5.1 | 5.1 | 1.3 | (14.9) |
| Short-Term Investments | 1,040.1 | 941.4 | 958.8 | 887.7 | 21.5 | 19.7 | 7.8 | 11.3 | 1.7 | 1.3 | 2.5 | 0.2 | 2.1 | 3.3 | 1.0 | 2.4 | 4.2 | 0 | 10.2 | 0 | 149.5 | 0 | 57.6 | 57.6 | 14.4 | 29.8 |
| Net Receivables | 190.5 | 170.7 | 195.8 | 155.0 | 127.9 | 123.2 | 127.4 | 98.3 | 93.5 | 94.5 | 87.4 | 71.5 | 68.0 | 58.5 | 59.2 | 52.1 | 35.1 | 0 | 32.3 | 0 | 34.7 | 0 | 12.8 | 12.8 | 3.4 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 114.3 | 114.5 | 57.7 | 46.5 | 23.8 | 25.9 | 20.8 | 33.3 | 23.9 | 28.8 | 20.3 | 27.4 | 22.5 | 22.5 | 42.7 | 34.2 | 11.7 | 0 | 9.9 | 0 | 50.6 | 0 | 1.1 | 1.1 | 0.2 | 0 |
| Total Current Assets | 1,594.1 | 1,544.3 | 1,454.6 | 1,307.5 | 362.5 | 355.6 | 351.5 | 298.5 | 361.2 | 399.1 | 303.4 | 378.0 | 421.4 | 399.2 | 419.8 | 439.1 | 472.1 | 0.5 | 246.5 | 0.8 | 278.2 | 1.4 | 77.0 | 77.0 | 19.2 | 14.9 |
| Non-Current Assets | ||||||||||||||||||||||||||
| Property, Plant & Equipment | 60.0 | 60.4 | 60.8 | 64.6 | 68.2 | 71.5 | 74.8 | 73.4 | 92.3 | 96.4 | 97.3 | 95.3 | 94.8 | 93.3 | 92.7 | 94.6 | 66.8 | 0 | 7.6 | 0 | 2.1 | 0 | 1.5 | 1.5 | 0.4 | 0.4 |
| Goodwill | 22.9 | 22.9 | 22.9 | 22.9 | 22.9 | 22.9 | 23.1 | 10.9 | 10.9 | 10.9 | 10.9 | 10.9 | 9.8 | 9.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 4.8 | 6.2 | 7.7 | 9.1 | 10.5 | 11.7 | 12.8 | 0.6 | 1.3 | 1.9 | 2.5 | 3.2 | 3.8 | 4.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 11.3 | 14.8 | 0 | 14.8 | 868.0 | 762.4 | 778.3 | 937.9 | 936.4 | 919.8 | 740.7 | 692.0 | 614.9 | 530.8 | 488.9 | 468.6 | 401.8 | 287.7 | 292.4 | 287.6 | 209.4 | 287.5 | 110.6 | 110.6 | 0.3 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 36.5 | 66.9 | 54.4 | 50.6 | 49.4 | 50.9 | 55.1 | 53.5 | 5.5 | 42.4 | 44.8 | 38.0 | 38.7 | 36.1 | 0 | 43.7 | 0.1 | 5.9 | 0 | 15.2 | 15.2 | 30.5 | (14.6) |
| Total Non-Current Assets | 99.0 | 104.3 | 91.4 | 147.9 | 1,036.6 | 922.8 | 939.6 | 1,072.3 | 1,091.8 | 1,084.1 | 905.0 | 842.2 | 765.7 | 683.1 | 625.3 | 610.4 | 531.7 | 287.7 | 343.7 | 287.7 | 217.4 | 287.5 | 127.3 | 127.3 | 31.8 | (14.9) |
| Total Assets | 1,693.1 | 1,648.6 | 1,545.9 | 1,455.4 | 1,399.0 | 1,278.4 | 1,291.1 | 1,370.8 | 1,453.0 | 1,483.2 | 1,208.4 | 1,220.2 | 1,187.1 | 1,082.4 | 1,045.1 | 1,049.6 | 1,003.9 | 288.2 | 590.3 | 288.6 | 495.6 | 288.9 | 204.3 | 204.3 | 51.1 | 51.1 |
| Current Liabilities | ||||||||||||||||||||||||||
| Account Payables | 4.1 | 3.8 | 3.9 | 5.1 | 9.2 | 10.0 | 7.0 | 5.8 | 7.3 | 3.1 | 1.3 | 1.3 | 3.8 | 2.7 | 1.7 | 2.5 | 2.9 | 0 | 11.6 | 0 | 3.5 | 0 | 0.6 | 0.6 | 0.1 | 0.1 |
| Short-Term Debt | 0 | 114.7 | 0 | 0 | 183.2 | 135.8 | 126.8 | 208.2 | 189.0 | 120.8 | 37.7 | 44.2 | 66.1 | 45.8 | 61.8 | 26.3 | 28.0 | 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 |
| Other Current Liabilities | 0 | 0 | 23.7 | 43.1 | 0 | 0 | 29.0 | 0 | 0 | 0 | 18.2 | 0 | 0 | 11.7 | 6.4 | 0 | 11.8 | 1.9 | 1.9 | 1.1 | 34.5 | 0.2 | 0.9 | 0.9 | 0.9 | 0.9 |
| Total Current Liabilities | 138.5 | 238.1 | 131.5 | 82.1 | 254.5 | 198.7 | 195.5 | 254.5 | 241.3 | 169.4 | 74.9 | 81.6 | 111.7 | 95.7 | 128.0 | 89.0 | 89.0 | 8.4 | 28.7 | 1.1 | 43.4 | 0.2 | 4.3 | 4.3 | 1.1 | 1.1 |
| Non-Current Liabilities | ||||||||||||||||||||||||||
| Long-Term Debt | 874.9 | 780.7 | 824.3 | 767.5 | 544.5 | 507.8 | 516.9 | 445.7 | 518.1 | 445.4 | 324.0 | 401.6 | 240.5 | 213.4 | 92.8 | 87.5 | 96.3 | 0 | 37.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 26.3 | 0 | 0 | 0.2 | 0.1 | 0.1 | 0.1 | 0.6 | 0.6 | 0.5 | 0.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 30.9 | 30.7 | 34.8 | 7.4 | 76.7 | 102.5 | 106.5 | 100.0 | 38.4 | 100.5 | 99.6 | 23.4 | 13.0 | 9.8 | 9.2 | 25.9 | 33.3 | 25.8 | 39.3 | 35.6 | 0 | 24.6 | 5.9 | 5.9 | 28.0 | 28.0 |
| Total Non-Current Liabilities | 905.8 | 811.3 | 859.1 | 807.3 | 676.6 | 638.9 | 654.0 | 573.5 | 596.1 | 587.9 | 467.7 | 466.7 | 298.0 | 270.2 | 151.6 | 166.9 | 161.4 | 25.8 | 77.2 | 35.6 | 0 | 24.6 | 5.9 | 5.9 | 28.0 | 28.0 |
| Total Liabilities | 1,044.3 | 1,049.5 | 990.6 | 889.4 | 931.1 | 837.6 | 849.5 | 828 | 837.4 | 757.3 | 542.6 | 548.4 | 409.7 | 365.9 | 279.7 | 255.8 | 250.4 | 34.2 | 105.9 | 36.7 | 43.4 | 24.8 | 10.1 | 10.1 | 29.0 | 29.0 |
| Stockholders' Equity | ||||||||||||||||||||||||||
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 287.5 | 0 | 287.5 | 0.0 | 259.2 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (792.7) | (838.0) | (862.7) | (897.0) | (919.5) | (936.1) | (944.0) | (706.1) | (638.6) | (563.9) | (542.6) | (528.2) | (506.5) | (475.2) | (414.2) | (380.2) | (276.4) | (33.5) | (111.9) | (35.7) | (73.3) | 7.3 | 2.9 | 2.9 | 0.7 | 0 |
| Accumulated Other Comprehensive Income | (22.0) | (32.3) | (48.3) | (45.3) | (33.1) | (27.4) | (11.5) | (90.4) | (71.0) | (24.3) | 0.4 | 4.0 | 2.0 | (1.3) | (0.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | (11.4) |
| Total Stockholders' Equity | 594.2 | 529.3 | 480.0 | 468.4 | 366.8 | 335.5 | 326.5 | 462.3 | 526.0 | 626.8 | 559.7 | 535.9 | 597.4 | 527.9 | 553.5 | 567.2 | 581.3 | 254.0 | 308.3 | 251.8 | 309.3 | 264.2 | 109.2 | 109.2 | 22.0 | 57.0 |
| Total Liabilities & Equity | 1,693.1 | 1,648.6 | 1,545.9 | 1,455.4 | 1,399.0 | 1,278.4 | 1,291.1 | 1,370.8 | 1,453.0 | 1,483.2 | 1,208.4 | 1,220.2 | 1,187.1 | 1,082.4 | 1,045.1 | 1,049.6 | 1,003.9 | 288.2 | 590.3 | 288.6 | 495.6 | 288.9 | 204.3 | 204.3 | 51.1 | 57.0 |
| Debt Metrics | ||||||||||||||||||||||||||
| Total Debt | 907.3 | 928.0 | 858.5 | 802.4 | 763.7 | 678.7 | 680.8 | 687.1 | 753.0 | 614.7 | 412.6 | 493.1 | 357.7 | 313.6 | 212.3 | 176.2 | 162.6 | 0 | 37.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 658.1 | 610.2 | 623.2 | 584.1 | 580.7 | 491.9 | 492.9 | 540.0 | 519.4 | 340.2 | 226.1 | 240.6 | 53.6 | 24.2 | (97.5) | (151.7) | (252.4) | (0.2) | (152.9) | (0.4) | (42.5) | (0.7) | (5.1) | (5.1) | (1.3) | 14.9 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | 42.3 | 24.2 | 29.0 | 23.3 | 16.6 | 2.5 | (257.1) | (74.2) | (82.7) | (31.7) | (20.0) | (45.9) | (32.1) | (98.6) | (52.2) | (67.0) | (164.0) | (9.5) | (2.9) | (21.6) | (5.9) | 7.3 | 6.0 | 6.0 | 1.3 | 1.3 |
| Depreciation & Amortization | 3.9 | 3.9 | 7.1 | 7.6 | 7.6 | 7.7 | 8.3 | 7.1 | 7.0 | 6.3 | 6.0 | 5.2 | 4.5 | 3.5 | 2.2 | 2.9 | 0.7 | 0.5 | 0.3 | 0.2 | 0.1 | 0 | 0.1 | 0.1 | 0.1 | 0.1 |
| Stock-Based Compensation | 8.6 | 7.2 | 9.1 | 13.6 | 18.2 | 13.2 | 15.6 | 12.3 | 18.0 | 15.5 | 13.7 | 20.7 | 20.2 | 16.4 | 18.7 | 60.3 | 146.1 | 16.6 | 4.8 | 3.9 | 1.9 | 0 | 0.1 | 0.1 | 0.0 | 0.0 |
| Change in Working Capital | (34.7) | (31.0) | (10.1) | (30.1) | (8.9) | (24.1) | 11.4 | (37.5) | 10.2 | 1.9 | 1.5 | (1.5) | (7.2) | (13.7) | (20.9) | (12.5) | 2.4 | (10.9) | 7.7 | 13.6 | (17.3) | (0.7) | (5.3) | (5.3) | (3.3) | (3.3) |
| Other Non-Cash Items | 54.6 | 39.0 | 44.6 | 52.7 | 23.9 | 35.1 | 253.8 | 85.2 | 56.7 | 25.7 | 17.8 | 37.6 | 12.9 | 68.7 | 50.1 | 4.0 | (7.9) | 0.5 | 2.1 | 32.5 | 25.8 | (7.9) | 3.1 | 3.1 | 0.1 | 0.1 |
| Operating Cash Flow | 74.7 | 43.2 | 79.8 | 67.0 | 57.4 | 34.4 | 32.1 | (7.1) | 9.3 | 17.7 | 18.9 | 16.1 | (1.8) | (23.7) | (2.1) | (12.2) | (22.8) | (2.8) | 12.0 | 28.5 | 4.6 | (1.3) | 4.0 | 4.0 | (1.8) | (1.8) |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditure | (3.4) | (3.2) | (3.1) | (3.2) | (3.8) | (3.8) | (9.5) | (4.2) | (4.4) | (5.1) | (4.6) | (5.1) | (5.0) | (5.5) | (4.1) | (16.6) | (0.1) | (1.5) | (5.1) | (0.6) | (0.4) | 0.0 | (0.3) | (0.3) | (0.2) | (0.2) |
| Acquisitions | 0 | 0 | (0.2) | 0 | 0 | 0 | (9.1) | 0.0 | 0 | 0 | 0.7 | 0 | 5.2 | 10.1 | (0.0) | (2.0) | (2.5) | (0.7) | 8 | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (286.9) | (209.1) | (271.1) | (86.9) | (192.2) | (81.9) | (155.2) | (130.3) | (146.8) | (261.6) | (129.9) | (162.9) | (151.6) | (121.7) | (93.8) | (107.6) | (80.3) | (74.0) | 44.6 | 16.3 | 0 | (287.5) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 149.4 | 196.3 | 174.2 | 48.8 | 70.7 | 58.7 | 137.9 | 28.7 | 37.1 | 38.7 | 38.0 | 42.7 | 65.4 | 26.0 | 24.4 | 38.4 | 22.8 | 32.3 | 1.0 | (14.2) | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 22.1 | 0 | 0 | (16) | 0 | 0.2 | (5.5) | 0 | (0.1) | 0 | 0 | 0 | 0 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 | (94.9) | 0 | (53.2) | (53.2) | (7.6) | (7.6) |
| Investing Cash Flow | (118.9) | (15.9) | (100.2) | (57.3) | (125.3) | (26.9) | (36.0) | (105.8) | (114.2) | (228.1) | (95.9) | (125.2) | (86.0) | (89.5) | (73.6) | (87.8) | (60.1) | (43.9) | 48.5 | 1.5 | (95.4) | (287.5) | (53.6) | (53.6) | (7.8) | (7.8) |
| Financing Activities | ||||||||||||||||||||||||||
| Net Debt Issuance | (60.0) | 69.6 | 55.9 | 25.9 | 81.3 | (2.2) | (3.1) | 20.3 | 65.9 | 211.0 | 44.2 | 65.0 | 110.4 | 182.0 | 40.9 | (10.5) | 34.9 | 51.5 | 37.9 | 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 |
| 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 |
| Other Financing Activities | 26.6 | (6.1) | (13.8) | (16.2) | (4.0) | (4.4) | 51.9 | (1.4) | (2.2) | (7.5) | (58.5) | (5.4) | (80.4) | (89.6) | 5.1 | 47.6 | 290.9 | (22.4) | (13.1) | 41.8 | 122.0 | 0 | 29.6 | 29.6 | 30.1 | 30.1 |
| Financing Cash Flow | (33.3) | 64.2 | 42.7 | 12.3 | 78.4 | (3.8) | 48.8 | 25.5 | 63.7 | 298.7 | 11.6 | 63.4 | 105.2 | 92.9 | 46.0 | 37.1 | 325.8 | 29.0 | 24.8 | 20.9 | 122.0 | 289.5 | 29.6 | 29.6 | 30.1 | 30.1 |
| Cash Position | ||||||||||||||||||||||||||
| Net Change in Cash | (75.6) | 91.7 | 23.6 | 22.7 | 1.9 | (1.6) | 45.5 | (86.9) | (42.1) | 87.5 | (75.5) | (47.2) | 14.7 | (20.4) | (29.7) | (62.9) | 242.9 | (17.7) | 85.3 | 51.0 | (0.1) | 0.7 | 5.9 | (45.8) | 45.8 | 0 |
| Cash at Beginning | 380.0 | 288.3 | 264.8 | 242.0 | 204.9 | 206.5 | 181.0 | 267.9 | 310.0 | 222.5 | 278.9 | 331.4 | 311.9 | 332.3 | 366.8 | 429.7 | 186.9 | 204.6 | 119.3 | 68.3 | 0.7 | 0 | 0 | 45.8 | 0 | 0 |
| Cash at End | 304.4 | 380.0 | 288.3 | 264.8 | 206.8 | 204.9 | 226.5 | 181.0 | 267.9 | 310.0 | 203.4 | 284.2 | 326.6 | 311.9 | 337.1 | 366.8 | 429.7 | 186.9 | 204.6 | 119.3 | 0.5 | 0.7 | 5.9 | 0 | 45.8 | 0 |
| Free Cash Flow | 71.3 | 40.0 | 76.7 | 63.8 | 53.5 | 30.7 | 22.6 | (11.3) | 4.9 | 12.6 | 14.3 | 11.1 | (6.8) | (29.2) | (6.3) | (28.8) | (23.0) | (4.3) | 6.9 | 27.9 | 4.2 | (1.3) | 3.7 | 3.7 | (2.1) | (2.1) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||
| Revenue | 365.6 | 299.0 | 321.0 | 339.9 | 317.7 | 282.7 | 275.7 | 249.3 | 242.6 | 237.0 | 210.4 | 201.4 | 185.7 | 175.3 | 178.2 | 185.6 | 163.3 | 158.3 | 144.3 | 128.1 | 92.2 | 91.6 | 36.4 | 36.4 | 13.1 | 13.1 |
| Gross Profit | 146.9 | 121.4 | 131.0 | 139.3 | 126.2 | 115.6 | 117.5 | 100.3 | 97.0 | 92.1 | 75.9 | 72.7 | 65.1 | 50.2 | 53.5 | 56.5 | 58.3 | 66.0 | 93.4 | 46.4 | 29.6 | 41.7 | 18.7 | 18.7 | 6.3 | 6.3 |
| Operating Income | 84.4 | 61.1 | 65.9 | 69.7 | 47.8 | 40.4 | 31.7 | 22.4 | 5.0 | 7.7 | 10.7 | 0.2 | (10.2) | (25.0) | (26.7) | (64.2) | (150.6) | (10.0) | (2.2) | 14.8 | 10.4 | (9.2) | 9.3 | 9.3 | 1.3 | 1.3 |
| Net Income | 45.3 | 24.7 | 34.3 | 22.5 | 16.7 | 7.9 | (237.9) | (67.5) | (74.8) | (21.2) | (14.4) | (21.8) | (31.3) | (61.0) | (34.0) | (74.8) | (175.3) | (18.3) | (10.5) | (28.2) | (5.9) | (26.3) | 6.0 | 6.0 | 1.3 | 1.3 |
| EPS (Diluted) | 0.49 | 0.29 | 0.36 | 0.23 | 0.20 | 0.10 | -3.20 | -0.93 | -1.04 | -0.33 | -0.23 | -0.33 | -0.52 | -1.03 | -0.91 | -2.25 | -8.49 | -0.56 | – | -1.72 | -0.36 | -1.08 | 0.27 | 0.27 | 0.27 | 0.27 |
| Balance Sheet | ||||||||||||||||||||||||||
| Cash & Equivalents | 249.3 | 317.8 | 235.3 | 218.3 | 183.0 | 186.8 | 187.9 | 147.1 | 233.6 | 274.5 | 186.5 | 252.6 | 304.0 | 289.4 | 309.8 | 327.9 | 415.0 | 0.2 | 190.8 | 0.4 | 42.5 | 0.7 | 5.1 | 5.1 | 1.3 | (14.9) |
| Total Assets | 1,693.1 | 1,648.6 | 1,545.9 | 1,455.4 | 1,399.0 | 1,278.4 | 1,291.1 | 1,370.8 | 1,453.0 | 1,483.2 | 1,208.4 | 1,220.2 | 1,187.1 | 1,082.4 | 1,045.1 | 1,049.6 | 1,003.9 | 288.2 | 590.3 | 288.6 | 495.6 | 288.9 | 204.3 | 204.3 | 51.1 | 51.1 |
| Total Debt | 907.3 | 928.0 | 858.5 | 802.4 | 763.7 | 678.7 | 680.8 | 687.1 | 753.0 | 614.7 | 412.6 | 493.1 | 357.7 | 313.6 | 212.3 | 176.2 | 162.6 | 0 | 37.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stockholders' Equity | 594.2 | 529.3 | 480.0 | 468.4 | 366.8 | 335.5 | 326.5 | 462.3 | 526.0 | 626.8 | 559.7 | 535.9 | 597.4 | 527.9 | 553.5 | 567.2 | 581.3 | 254.0 | 308.3 | 251.8 | 309.3 | 264.2 | 109.2 | 109.2 | 22.0 | 57.0 |
| Cash Flow | ||||||||||||||||||||||||||
| Operating Cash Flow | 74.7 | 43.2 | 79.8 | 67.0 | 57.4 | 34.4 | 32.1 | (7.1) | 9.3 | 17.7 | 18.9 | 16.1 | (1.8) | (23.7) | (2.1) | (12.2) | (22.8) | (2.8) | 12.0 | 28.5 | 4.6 | (1.3) | 4.0 | 4.0 | (1.8) | (1.8) |
| Capital Expenditure | (3.4) | (3.2) | (3.1) | (3.2) | (3.8) | (3.8) | (9.5) | (4.2) | (4.4) | (5.1) | (4.6) | (5.1) | (5.0) | (5.5) | (4.1) | (16.6) | (0.1) | (1.5) | (5.1) | (0.6) | (0.4) | 0.0 | (0.3) | (0.3) | (0.2) | (0.2) |
| Free Cash Flow | 71.3 | 40.0 | 76.7 | 63.8 | 53.5 | 30.7 | 22.6 | (11.3) | 4.9 | 12.6 | 14.3 | 11.1 | (6.8) | (29.2) | (6.3) | (28.8) | (23.0) | (4.3) | 6.9 | 27.9 | 4.2 | (1.3) | 3.7 | 3.7 | (2.1) | (2.1) |