PHAT - Phathom Pharmaceuticals, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$17.33
DETAILS
HIGH:
$22.00
LOW:
$10.00
MEDIAN:
$18.00
CONSENSUS:
$17.33
UPSIDE:
147.22%
| 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 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Revenue | 74.3 | 58.3 | 57.6 | 49.5 | 39.5 | 28.5 | 29.7 | 16.4 | 7.3 | 1.9 | 0.7 | 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 | 15.1 | 12.0 | 7.6 | 6.2 | 5.0 | 3.7 | 3.8 | 2.4 | 1.4 | 0.4 | 0.4 | 0.1 | 0.1 | 0 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 59.2 | 46.3 | 49.9 | 43.3 | 34.5 | 24.8 | 25.8 | 14.0 | 5.9 | 1.5 | 0.3 | (0.1) | (0.1) | 0 | (0.2) | (0.2) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | ||||||||||||||||||||||||||||||||||
| R&D Expenses | 7.8 | 7.8 | 7.5 | 7.0 | 9.1 | 9.2 | 8.6 | 8.7 | 7.4 | 9.4 | 13.4 | 12.3 | 12.8 | 11.5 | 15.9 | 19.0 | 18.8 | 17.7 | 13.6 | 16.6 | 21.6 | 20.6 | 41.7 | 25.8 | 14.9 | 15.9 | 12.7 | 4.5 | 81.7 | 0.4 | 0.0 | 0.0 | 0 | 0 |
| SG&A Expenses | 55.3 | 54.0 | 48.4 | 51.6 | 85.3 | 94.5 | 76.7 | 76.1 | 75.9 | 62.0 | 56.8 | 23.3 | 18.9 | 18.6 | 30.5 | 23.3 | 26.5 | 20.1 | 19.5 | 16.5 | 13.7 | 13.0 | 10.8 | 7.1 | 5.2 | 4.5 | 3.0 | 1.8 | 1.3 | 0.8 | 0.4 | 0.3 | 0.3 | 0.3 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | (0.0) | 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 | 63.1 | 61.8 | 55.9 | 58.6 | 94.4 | 103.7 | 85.3 | 84.8 | 83.2 | 71.4 | 70.2 | 35.5 | 31.7 | 30.1 | 46.5 | 42.4 | 45.4 | 37.8 | 33.0 | 33.1 | 35.3 | 33.6 | 52.4 | 32.8 | 20.0 | 20.4 | 15.7 | 6.3 | 83.0 | 1.2 | 0.5 | 0.3 | 0.3 | 0.3 |
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Income | (4.0) | (15.5) | (5.9) | (15.3) | (59.9) | (78.9) | (59.4) | (70.8) | (77.3) | (70.0) | (69.9) | (35.7) | (31.7) | (30.1) | (46.6) | (42.5) | (45.4) | (37.9) | (33.0) | (33.1) | (35.3) | (33.6) | (52.4) | (32.8) | (20.0) | (20.4) | (15.7) | (6.3) | (83.0) | (1.2) | (0.5) | (0.3) | (0.3) | (0.3) |
| Interest Expense | 15.1 | 15.8 | 16.4 | 16.1 | 17.5 | 18.1 | 18.6 | 18.5 | 17.8 | 17.2 | 13.0 | 10.1 | 9.6 | 9.2 | 9.6 | 9.3 | 5.7 | 2.8 | 2.8 | 1.5 | 1.3 | 1.3 | 1.3 | 1.3 | 1.3 | 0.7 | 1.0 | 2.0 | 1.1 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Interest Income | 1.5 | 1.7 | 1.2 | 1.4 | 1.8 | 2.6 | 3.5 | 3.7 | 3.6 | 4.3 | 3.3 | 2.7 | 0.3 | 1.5 | 1.3 | 0.7 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.9 | 0.6 | 0.4 | 0.1 | 0 | 0 | 0 | 0.0 | 0.0 |
| Profitability | ||||||||||||||||||||||||||||||||||
| EBITDA | (2.4) | (14.5) | (4.6) | (13.7) | (58.1) | (76.1) | (55.7) | (66.9) | (73.5) | (65.5) | (66.4) | (33.0) | (31.2) | (28.5) | (45.3) | (41.6) | (45.1) | (37.8) | (32.9) | (35.0) | (35.2) | (33.4) | (52.3) | (32.7) | (19.8) | (19.4) | (97.0) | (66.1) | (82.5) | (0.0) | (0.5) | (0.3) | 0 | 0 |
| EBIT | (2.5) | (14.6) | (4.7) | (13.9) | (58.3) | (76.2) | (55.9) | (67.1) | (73.7) | (65.7) | (66.5) | (33.1) | (31.4) | (28.6) | (45.4) | (41.8) | (45.3) | (37.9) | (33.1) | (35.2) | (35.3) | (33.6) | (52.4) | (32.8) | (19.8) | (19.4) | (97.0) | (66.1) | (86.6) | (1.2) | (0.5) | (0.3) | (0.3) | (0.3) |
| Income Before Tax | (17.6) | (30.4) | (21.1) | (30.0) | (75.8) | (94.3) | (74.5) | (85.6) | (91.4) | (82.9) | (79.6) | (43.2) | (41.0) | (37.8) | (55.0) | (51.1) | (50.9) | (40.7) | (35.8) | (36.7) | (36.6) | (34.8) | (53.7) | (34.1) | (21.1) | (20.1) | (98.0) | (68.1) | (87.8) | (1.3) | (0.5) | (0.3) | (0.3) | (0.3) |
| 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 | 0.0 | 0 | 0 | 0 | 0 |
| Net Income | (17.6) | (30.4) | (21.1) | (30.0) | (75.8) | (94.3) | (74.5) | (85.6) | (91.4) | (82.9) | (79.6) | (43.2) | (41.0) | (37.8) | (55.0) | (51.1) | (50.9) | (40.7) | (35.8) | (36.7) | (36.6) | (34.8) | (53.7) | (34.1) | (21.1) | (20.1) | (98.0) | (68.1) | (87.8) | (1.3) | (0.5) | (0.3) | (0.3) | (0.3) |
| Per Share Data | ||||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.21 | -0.37 | -0.29 | -0.41 | -1.05 | -1.31 | -1.05 | -1.32 | -1.56 | -1.42 | -1.39 | -0.76 | -0.84 | -0.89 | -1.54 | -1.54 | -1.33 | -1.14 | -0.95 | -0.98 | -1.00 | -0.96 | -1.58 | -1.02 | -0.64 | -0.62 | -3.02 | -2.98 | -10.23 | -0.15 | -0.06 | -0.03 | -0.05 | -0.05 |
| EPS (Diluted) | -0.21 | -0.37 | -0.29 | -0.41 | -1.05 | -1.31 | -1.05 | -1.32 | -1.56 | -1.42 | -1.39 | -0.76 | -0.84 | -0.89 | -1.54 | -1.54 | -1.33 | -1.14 | -0.95 | -0.98 | -1.00 | -0.96 | -1.58 | -1.02 | -0.64 | -0.62 | -3.02 | -2.98 | -10.23 | -0.15 | -0.06 | -0.03 | -0.05 | -0.05 |
| Shares Outstanding | 83.7 | 82.1 | 73.8 | 73.4 | 72.5 | 72.0 | 71.0 | 64.6 | 58.6 | 58.4 | 57.3 | 56.8 | 48.5 | 42.4 | 41.3 | 38.8 | 38.3 | 38.0 | 37.8 | 37.3 | 36.6 | 36.3 | 34.1 | 33.4 | 33.0 | 32.5 | 32.5 | 22.9 | 8.6 | 8.6 | 8.6 | 8.6 | 5.3 | 5.3 |
| 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 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 182.5 | 180.9 | 130.0 | 135.2 | 149.6 | 212.3 | 297.3 | 334.7 | 276.2 | 322.2 | 381.4 | 213.7 | 248.8 | 129.6 | 155.4 | 196.8 | 207.4 | 138.1 | 183.3 | 224.6 | 209.7 | 238.0 | 287.5 | 226.4 | 247.3 | 256.7 | 243.8 | 74.5 | 82.9 | (0.9) | 0.9 |
| Short-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 | 1.8 | 0 |
| Net Receivables | 97.4 | 80.7 | 78.1 | 55.8 | 51.3 | 36.4 | 38.8 | 21.1 | 10.9 | 3.9 | 1.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 7.7 | 6.5 | 5.5 | 3.6 | 3.4 | 3.2 | 3.2 | 3.1 | 2.2 | 1.5 | 1.2 | 0.1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) |
| Other Current Assets | 8.3 | 8.4 | 15.4 | 13.2 | 14.6 | 13.1 | 20.9 | 15.0 | 15.5 | 12.7 | 13.2 | 12.9 | 8.8 | 10.3 | 5.1 | 1.0 | 0 | 0 | 3.3 | 0 | 1.7 | 4.8 | 3.9 | 0.8 | 1.4 | 0 | 0 | 3.2 | 0 | 0 | 0 |
| Total Current Assets | 295.9 | 276.6 | 229.0 | 207.8 | 218.9 | 264.9 | 360.1 | 373.8 | 304.8 | 340.3 | 397.4 | 226.7 | 257.7 | 139.8 | 160.5 | 196.8 | 209.3 | 145.7 | 186.5 | 225.3 | 211.3 | 242.8 | 291.4 | 227.2 | 248.7 | 261.8 | 255.6 | 77.7 | 84.5 | 0.9 | 0.9 |
| Non-Current Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 3.4 | 3.5 | 3.7 | 3.9 | 2.1 | 1.7 | 2.1 | 2.5 | 2.9 | 3.2 | 3.6 | 3.7 | 3.0 | 3.4 | 3.5 | 3.3 | 3.4 | 2.5 | 2.6 | 2.7 | 3.0 | 3.2 | 3.4 | 3.3 | 3.4 | 1.7 | 1.4 | 0.0 | 0 | 0 | 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 | 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 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 27.8 | 25.0 | 26.5 | 28.7 | 29.2 | 27.6 | 16.1 | 10.7 | 11.7 | 13.0 | 12.8 | 6.6 | 4.3 | 0.8 | 0.3 | 1.8 | 0.8 | 0.8 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.2 | 2.0 | 0.3 | (0.9) | 0 |
| Total Non-Current Assets | 31.2 | 28.5 | 30.2 | 32.5 | 31.3 | 29.3 | 18.2 | 13.2 | 14.6 | 16.2 | 16.4 | 10.3 | 7.3 | 4.2 | 4.3 | 5.1 | 4.2 | 3.3 | 2.9 | 3.1 | 3.2 | 3.6 | 3.7 | 3.7 | 3.7 | 2.1 | 1.6 | 2.1 | 0.3 | (0.9) | 0 |
| Total Assets | 327.1 | 305.1 | 259.1 | 240.3 | 250.2 | 294.2 | 378.3 | 387.0 | 319.4 | 356.5 | 413.8 | 237.0 | 265.0 | 144.0 | 164.8 | 201.9 | 213.5 | 149.0 | 189.4 | 228.4 | 214.6 | 246.4 | 295.1 | 230.9 | 252.4 | 263.9 | 257.2 | 79.7 | 84.9 | 0 | 0.9 |
| Current Liabilities | |||||||||||||||||||||||||||||||
| Account Payables | 5.4 | 6.4 | 5.0 | 1.1 | 4.0 | 11.6 | 10.5 | 7.1 | 7.7 | 8.4 | 12.6 | 5.8 | 4.1 | 4.7 | 10.0 | 7.1 | 5.7 | 2.8 | 5.2 | 5.6 | 5.4 | 10.9 | 16.8 | 4.8 | 4.9 | 1.2 | 0.7 | 0.4 | 0.5 | 0 | 0.1 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.8 | 12.2 | 7.4 | 6.0 | 1.8 | 0 | 0 | 95.2 | 92.7 | 0 | 1.9 |
| 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 | 4.5 | 2.0 | 0 | 0 |
| Other Current Liabilities | 50.6 | 42.2 | 49.6 | 39.1 | 40.2 | 26.2 | 36.4 | 34.4 | 24.7 | 26.5 | 20.4 | 9.7 | 6.8 | 3.5 | 8.4 | 0.9 | 5.2 | 2.6 | 6.3 | 4.8 | 19.0 | 15.4 | 0 | 14.0 | 4.6 | 2.6 | 0.4 | 107.4 | 49.6 | 0 | 0 |
| Total Current Liabilities | 153.8 | 125.0 | 132.0 | 93.1 | 91.8 | 74.0 | 85.7 | 65.3 | 47.0 | 43.5 | 38.8 | 24.0 | 21.5 | 14.4 | 26.2 | 22.9 | 21.1 | 11.4 | 18.9 | 27.8 | 39.6 | 40.8 | 55.5 | 27.7 | 13.3 | 4.6 | 3.7 | 207.5 | 144.8 | 0 | 2.2 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | 164.6 | 163.7 | 209.1 | 207.1 | 205.1 | 203.2 | 201.4 | 175.7 | 174.4 | 149.0 | 137.8 | 99.3 | 97.8 | 96.6 | 95.3 | 93.9 | 92.4 | 91.0 | 89.7 | 88.3 | 37.3 | 35.6 | 39.6 | 41.1 | 44.9 | 45.9 | 22.8 | 22.6 | 22.4 | 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 |
| Other Non-Current Liabilities | 351.1 | 351.4 | 354.1 | 360.5 | 358.5 | 355.3 | 344.8 | 333.1 | 331.6 | 312.2 | 309.5 | 130.9 | 127.3 | 122.2 | 117.0 | 110.3 | 105.6 | 7.5 | 7.5 | 7.5 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 2.1 | 2.1 | 2.1 | 0 | 0 |
| Total Non-Current Liabilities | 517.6 | 517.0 | 565.3 | 569.7 | 564.2 | 558.6 | 546.2 | 508.9 | 506.2 | 461.5 | 447.8 | 230.8 | 225.9 | 219.8 | 213.4 | 205.5 | 199.4 | 99.6 | 98.4 | 97.1 | 42.8 | 41.2 | 45.3 | 46.8 | 50.7 | 50.6 | 25.5 | 24.7 | 24.5 | 0 | 0 |
| Total Liabilities | 671.3 | 642.1 | 697.3 | 662.8 | 656.1 | 632.6 | 631.9 | 574.2 | 553.2 | 505.0 | 486.6 | 254.8 | 247.4 | 234.2 | 239.6 | 228.4 | 220.5 | 111.0 | 117.3 | 124.9 | 82.5 | 82.0 | 100.8 | 74.5 | 64.0 | 55.2 | 29.2 | 232.2 | 169.3 | 0 | 2.2 |
| 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 |
| Retained Earnings | (1,532.2) | (1,514.6) | (1,484.3) | (1,463.1) | (1,433.1) | (1,357.3) | (1,263.0) | (1,188.6) | (1,103.0) | (1,011.5) | (928.7) | (849.1) | (805.9) | (764.9) | (727.1) | (672.0) | (621.0) | (570.0) | (529.4) | (493.5) | (456.9) | (420.3) | (385.5) | (331.8) | (297.7) | (276.6) | (256.4) | (158.4) | (90.3) | 0 | (1.3) |
| Accumulated Other Comprehensive 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 | (1.3) | 0 |
| Total Stockholders' Equity | (344.3) | (337.0) | (438.2) | (422.5) | (405.8) | (338.4) | (253.6) | (187.1) | (233.8) | (148.5) | (72.8) | (17.8) | 17.6 | (90.2) | (74.8) | (26.4) | (7) | 38.0 | 72.2 | 103.5 | 132.1 | 164.3 | 194.3 | 156.4 | 188.4 | 208.7 | 228.0 | (152.5) | (84.4) | (1.3) | (1.3) |
| Total Liabilities & Equity | 327.1 | 305.1 | 259.1 | 240.3 | 250.2 | 294.2 | 378.3 | 387.0 | 319.4 | 356.5 | 413.8 | 237.0 | 265.0 | 144.0 | 164.8 | 201.9 | 213.5 | 149.0 | 189.4 | 228.4 | 214.6 | 246.4 | 295.1 | 230.9 | 252.4 | 263.9 | 257.2 | 79.7 | 84.9 | (1.3) | 0.9 |
| Debt Metrics | |||||||||||||||||||||||||||||||
| Total Debt | 167.1 | 166.3 | 211.8 | 209.8 | 206.0 | 203.6 | 201.9 | 176.4 | 175.3 | 150.0 | 139.0 | 100.6 | 99.3 | 98.3 | 97.1 | 95.8 | 94.5 | 92.6 | 91.3 | 90.1 | 50.0 | 49.8 | 49.0 | 49.1 | 48.8 | 46.7 | 23.6 | 117.8 | 115.2 | 0 | 1.9 |
| Net Debt | (15.4) | (14.6) | 81.8 | 74.7 | 56.4 | (8.8) | (95.4) | (158.3) | (101.0) | (172.2) | (242.4) | (113.1) | (149.5) | (31.3) | (58.3) | (101.0) | (112.9) | (45.5) | (91.9) | (134.5) | (159.6) | (188.2) | (238.5) | (177.2) | (198.4) | (210.0) | (220.2) | 43.4 | 32.3 | 0.9 | 1.1 |
| 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 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||
| Net Income | (17.6) | (30.4) | (21.1) | (30.0) | (75.8) | (94.3) | (74.5) | (85.6) | (91.4) | (82.9) | (79.6) | (43.2) | (41.0) | (37.8) | (55.0) | (51.1) | (50.9) | (40.7) | (35.8) | (36.7) | (36.6) | (34.8) | (53.7) | (34.1) | (21.1) | (20.1) | (98.0) | (68.1) | (87.8) | (1.3) | (0.5) | (0.3) | (0.3) | (0.3) |
| Depreciation & Amortization | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 4.1 | 1.2 | 0 | 0 | 0.3 | 0.3 |
| Stock-Based Compensation | 6.7 | 5.5 | 5.6 | 9.3 | 8.3 | 5.5 | 6.7 | 5.6 | 6.1 | 5.6 | 24.6 | 6.1 | 7.3 | 7.0 | 6.7 | 5.8 | 5.9 | 5.8 | 4.3 | 4.4 | 4.2 | 3.8 | 2.4 | 2.1 | 0.8 | 0.6 | 0.3 | 0.0 | 0.0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 2.6 | 1.5 | 4.0 | (1.6) | (6.0) | (8.9) | (9.0) | 1.4 | (0.6) | (7.0) | 0.7 | (2.4) | 4.4 | (16.3) | 0.2 | 2.7 | 14.8 | (12.0) | (11.5) | 0.3 | 3.3 | (19.6) | 22.5 | 10.7 | 10.5 | 8.0 | (10.3) | 0.5 | (0.2) | 0.4 | 0.2 | 0.0 | (0.0) | (0.0) |
| Other Non-Cash Items | 6.2 | 7.5 | 6.4 | 8.0 | 10.6 | 12.6 | 13.2 | 14.8 | 15.1 | 15.0 | 10.3 | 7.5 | 7.0 | 7.3 | 7.3 | 7.4 | 4.3 | 2.0 | 1.5 | 2.7 | 0.5 | 0.7 | 0.5 | 0.5 | 0.3 | 0.1 | 84.6 | 60.4 | 78.6 | (1.2) | 0.0 | 0.0 | (0.2) | (0.2) |
| Operating Cash Flow | (1.9) | (15.6) | (5.0) | (14.1) | (62.7) | (84.9) | (63.5) | (63.6) | (70.7) | (69.0) | (43.8) | (31.9) | (22.2) | (39.7) | (40.7) | (35.0) | (25.7) | (44.8) | (41.4) | (29.1) | (28.4) | (49.8) | (28.2) | (20.7) | (9.3) | (11.4) | (23.4) | (7.1) | (5.2) | (0.8) | (0.3) | (0.3) | (0.2) | (0.2) |
| Investing Activities | ||||||||||||||||||||||||||||||||||
| Capital Expenditure | (0.0) | (0.1) | 0.1 | (0.0) | (0.1) | (0.0) | (0.0) | 0.1 | (0.0) | (0.0) | (0.5) | (0.9) | (0.0) | (0.2) | (0.4) | (0.1) | (0.4) | (0.1) | (0.1) | (0.0) | (0.0) | (0.2) | (0.1) | (0.2) | (0.1) | (0.7) | (0.1) | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | (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 | (25.1) | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (0.0) | (0.1) | (0.1) | (0.0) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.5) | (0.9) | (0.0) | (0.2) | (0.4) | (0.1) | (0.4) | (0.1) | (0.1) | (0.0) | (0.0) | (0.2) | (0.1) | (0.2) | (0.1) | (0.7) | (0.1) | (0.0) | (25.1) | 0 | 0 | 0 | 0 | 0 |
| Financing Activities | ||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | (55.8) | 0 | 0 | 0 | 0 | 24.8 | 0 | 24.8 | 9.9 | 212.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42.8 | 0 | 0 | 0 | 0 | 0 | 25 | 0 | 0 | 0 | 0 | 1.1 | 0.3 | 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 |
| 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 |
| Other Financing Activities | 0 | (0.1) | 0.3 | (0.6) | 0 | 0 | 1.3 | 0.3 | 0 | 0 | 0 | 0.0 | 0.1 | 0 | 0 | 0 | 95.4 | 0 | 0.2 | 0 | 0.1 | 0.4 | 0 | 0 | 0 | 0 | 1.3 | (1.3) | 113.2 | 0 | 0 | 0 | 0.3 | 0.3 |
| Financing Cash Flow | 3.6 | 66.6 | (0.1) | (0.3) | 0.1 | 0 | 26.0 | 122.1 | 24.8 | 9.9 | 212.0 | 0.0 | 141.5 | 14.1 | 0 | 24.6 | 95.4 | 0 | 0.2 | 44.0 | 0.1 | 0.4 | 89.5 | 0 | 0 | 25 | 192.8 | (1.3) | 113.2 | 0 | 1.1 | 0.3 | 0.3 | 0.3 |
| Cash Position | ||||||||||||||||||||||||||||||||||
| Net Change in Cash | 1.6 | 50.9 | (5.2) | (14.4) | (62.7) | (84.9) | (37.4) | 58.4 | (46.0) | (59.2) | 167.7 | (32.8) | 119.3 | (25.8) | (40.9) | (10.6) | 69.3 | (44.8) | (41.4) | 14.9 | (28.3) | (49.5) | 61.1 | (20.9) | (9.4) | 12.9 | 169.3 | (8.4) | 82.8 | (0.8) | 0.7 | 0.0 | 0.1 | 0.1 |
| Cash at Beginning | 183.8 | 132.8 | 138.0 | 152.4 | 215.2 | 300.1 | 337.5 | 279.1 | 322.2 | 381.4 | 213.7 | 249.4 | 130.1 | 155.9 | 196.8 | 207.4 | 138.6 | 183.4 | 224.6 | 209.7 | 238.0 | 287.5 | 226.4 | 247.3 | 256.7 | 243.8 | 74.5 | 82.9 | 0.1 | 0.9 | 0.1 | 0.1 | 0.1 | 0 |
| Cash at End | 185.3 | 183.8 | 132.8 | 138.0 | 152.4 | 215.2 | 300.1 | 337.5 | 276.2 | 322.2 | 381.4 | 216.5 | 249.4 | 130.1 | 155.9 | 196.8 | 207.9 | 138.6 | 183.3 | 224.6 | 209.7 | 238.0 | 287.5 | 226.4 | 247.3 | 256.7 | 243.8 | 74.5 | 82.9 | 0.1 | 0.9 | 0.1 | 0.1 | 0.1 |
| Free Cash Flow | (2.0) | (15.7) | (4.9) | (14.1) | (62.7) | (84.9) | (63.5) | (63.5) | (70.8) | (69.1) | (44.3) | (32.9) | (22.2) | (39.9) | (41.1) | (35.1) | (26.1) | (44.8) | (41.5) | (29.1) | (28.4) | (49.9) | (28.3) | (20.9) | (9.4) | (12.1) | (23.5) | (7.1) | (5.2) | (0.8) | (0.3) | (0.3) | (0.2) | (0.2) |
| 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 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||||||
| Revenue | 74.3 | 58.3 | 57.6 | 49.5 | 39.5 | 28.5 | 29.7 | 16.4 | 7.3 | 1.9 | 0.7 | 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 | 59.2 | 46.3 | 49.9 | 43.3 | 34.5 | 24.8 | 25.8 | 14.0 | 5.9 | 1.5 | 0.3 | (0.1) | (0.1) | 0 | (0.2) | (0.2) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | (4.0) | (15.5) | (5.9) | (15.3) | (59.9) | (78.9) | (59.4) | (70.8) | (77.3) | (70.0) | (69.9) | (35.7) | (31.7) | (30.1) | (46.6) | (42.5) | (45.4) | (37.9) | (33.0) | (33.1) | (35.3) | (33.6) | (52.4) | (32.8) | (20.0) | (20.4) | (15.7) | (6.3) | (83.0) | (1.2) | (0.5) | (0.3) | (0.3) | (0.3) |
| Net Income | (17.6) | (30.4) | (21.1) | (30.0) | (75.8) | (94.3) | (74.5) | (85.6) | (91.4) | (82.9) | (79.6) | (43.2) | (41.0) | (37.8) | (55.0) | (51.1) | (50.9) | (40.7) | (35.8) | (36.7) | (36.6) | (34.8) | (53.7) | (34.1) | (21.1) | (20.1) | (98.0) | (68.1) | (87.8) | (1.3) | (0.5) | (0.3) | (0.3) | (0.3) |
| EPS (Diluted) | -0.21 | -0.37 | -0.29 | -0.41 | -1.05 | -1.31 | -1.05 | -1.32 | -1.56 | -1.42 | -1.39 | -0.76 | -0.84 | -0.89 | -1.54 | -1.54 | -1.33 | -1.14 | -0.95 | -0.98 | -1.00 | -0.96 | -1.58 | -1.02 | -0.64 | -0.62 | -3.02 | -2.98 | -10.23 | -0.15 | -0.06 | -0.03 | -0.05 | -0.05 |
| Balance Sheet | ||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 182.5 | 180.9 | 130.0 | 135.2 | 149.6 | 212.3 | 297.3 | 334.7 | 276.2 | 322.2 | 381.4 | 213.7 | 248.8 | 129.6 | 155.4 | 196.8 | 207.4 | 138.1 | 183.3 | 224.6 | 209.7 | 238.0 | 287.5 | 226.4 | 247.3 | 256.7 | 243.8 | 74.5 | 82.9 | (0.9) | 0.9 | |||
| Total Assets | 327.1 | 305.1 | 259.1 | 240.3 | 250.2 | 294.2 | 378.3 | 387.0 | 319.4 | 356.5 | 413.8 | 237.0 | 265.0 | 144.0 | 164.8 | 201.9 | 213.5 | 149.0 | 189.4 | 228.4 | 214.6 | 246.4 | 295.1 | 230.9 | 252.4 | 263.9 | 257.2 | 79.7 | 84.9 | 0 | 0.9 | |||
| Total Debt | 167.1 | 166.3 | 211.8 | 209.8 | 206.0 | 203.6 | 201.9 | 176.4 | 175.3 | 150.0 | 139.0 | 100.6 | 99.3 | 98.3 | 97.1 | 95.8 | 94.5 | 92.6 | 91.3 | 90.1 | 50.0 | 49.8 | 49.0 | 49.1 | 48.8 | 46.7 | 23.6 | 117.8 | 115.2 | 0 | 1.9 | |||
| Stockholders' Equity | (344.3) | (337.0) | (438.2) | (422.5) | (405.8) | (338.4) | (253.6) | (187.1) | (233.8) | (148.5) | (72.8) | (17.8) | 17.6 | (90.2) | (74.8) | (26.4) | (7) | 38.0 | 72.2 | 103.5 | 132.1 | 164.3 | 194.3 | 156.4 | 188.4 | 208.7 | 228.0 | (152.5) | (84.4) | (1.3) | (1.3) | |||
| Cash Flow | ||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (1.9) | (15.6) | (5.0) | (14.1) | (62.7) | (84.9) | (63.5) | (63.6) | (70.7) | (69.0) | (43.8) | (31.9) | (22.2) | (39.7) | (40.7) | (35.0) | (25.7) | (44.8) | (41.4) | (29.1) | (28.4) | (49.8) | (28.2) | (20.7) | (9.3) | (11.4) | (23.4) | (7.1) | (5.2) | (0.8) | (0.3) | (0.3) | (0.2) | (0.2) |
| Capital Expenditure | (0.0) | (0.1) | 0.1 | (0.0) | (0.1) | (0.0) | (0.0) | 0.1 | (0.0) | (0.0) | (0.5) | (0.9) | (0.0) | (0.2) | (0.4) | (0.1) | (0.4) | (0.1) | (0.1) | (0.0) | (0.0) | (0.2) | (0.1) | (0.2) | (0.1) | (0.7) | (0.1) | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 |
| Free Cash Flow | (2.0) | (15.7) | (4.9) | (14.1) | (62.7) | (84.9) | (63.5) | (63.5) | (70.8) | (69.1) | (44.3) | (32.9) | (22.2) | (39.9) | (41.1) | (35.1) | (26.1) | (44.8) | (41.5) | (29.1) | (28.4) | (49.9) | (28.3) | (20.9) | (9.4) | (12.1) | (23.5) | (7.1) | (5.2) | (0.8) | (0.3) | (0.3) | (0.2) | (0.2) |