PRAX - Praxis Precision Medicines, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$549.80
DETAILS
HIGH:
$843.00
LOW:
$166.00
MEDIAN:
$500.00
CONSENSUS:
$549.80
UPSIDE:
60.03%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 7.5 | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.8 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0.0 | 0 | 65.8 | 63.0 | 60.8 | 56.3 | 41.9 | 27.3 | 27.0 | 18.4 | 17.3 | 25.6 | 25.5 | 27.7 | 30.4 | 3.0 | 52.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (0.0) | 0 | (65.8) | (63.0) | (60.8) | (48.8) | (41.6) | (26.9) | (26.6) | (17.9) | (16.8) | (24.8) | (24.8) | (27.7) | (30.4) | (3.0) | (52.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | |||||||||||||||||||||||||||||
| R&D Expenses | 78.0 | 77.5 | 65.8 | 63.0 | 60.8 | 56.3 | 41.9 | 27.3 | 27.0 | 18.4 | 17.3 | 25.6 | 25.5 | 28.3 | 30.4 | 43.6 | 52.7 | 43.5 | 33.1 | 25.7 | 17.9 | 16.3 | 12.8 | 9.1 | 6.9 | 5.7 | 9.3 | 7.3 | 7.3 |
| SG&A Expenses | 27.9 | 19.5 | 12.6 | 13.1 | 13.9 | 15.1 | 15.3 | 10.6 | 15.3 | 9.9 | 8.7 | 10.1 | 13.3 | 12.7 | 13.9 | 16.4 | 16.2 | 15.1 | 11.6 | 10.8 | 9.5 | 9.4 | 3.4 | 2.5 | 1.6 | 1.8 | 1.3 | 1.6 | 1.6 |
| Other Expenses | 0 | 0 | (65.8) | (63.0) | (60.8) | (56.3) | (41.9) | (27.3) | (27.0) | (18.4) | (17.3) | (25.6) | (25.5) | (27.3) | (30.4) | (2.6) | (52.7) | 0 | 0 | 0 | 0 | 0.0 | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 105.9 | 97.0 | 12.6 | 13.1 | 13.9 | 15.1 | 15.3 | 10.6 | 15.3 | 9.9 | 8.7 | 10.1 | 13.3 | 13.7 | 13.9 | 57.4 | 16.2 | 58.7 | 44.8 | 36.5 | 27.4 | 25.7 | 16.2 | 11.6 | 8.5 | 7.5 | 10.7 | 8.8 | 8.8 |
| Operating Income | |||||||||||||||||||||||||||||
| Operating Income | (105.9) | (97.0) | (78.4) | (76.1) | (74.7) | (64.0) | (56.8) | (37.5) | (41.9) | (27.8) | (25.5) | (35.0) | (38.1) | (41.5) | (44.3) | (60.4) | (68.8) | (58.7) | (44.8) | (36.5) | (27.4) | (25.7) | (16.2) | (11.6) | (8.5) | (7.5) | (10.7) | (8.8) | (8.8) |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 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 |
| Interest Income | 13.3 | 0 | 0 | 4.9 | 0 | 0 | 0 | 0 | 0 | 0.9 | 0.9 | 0.6 | 0.6 | 0 | 0 | 0.2 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 |
| Profitability | |||||||||||||||||||||||||||||
| EBITDA | (105.9) | (97.0) | (73.9) | (76.0) | (74.7) | (63.9) | (56.7) | (37.4) | (41.8) | (27.7) | (25.4) | (34.9) | (38.0) | (40.3) | (44.2) | (59.3) | (68.8) | (58.6) | (44.7) | (36.5) | (27.4) | (25.7) | (16.2) | (11.6) | (8.5) | (7.5) | (10.6) | (8.8) | (8.8) |
| EBIT | (105.9) | (97.0) | (73.9) | (76.1) | (74.7) | (64.0) | (56.8) | (37.5) | (41.9) | (27.8) | (25.5) | (35.0) | (38.1) | (40.5) | (44.3) | (59.4) | (68.8) | (58.7) | (44.8) | (36.5) | (27.4) | (25.7) | (16.2) | (11.6) | (8.5) | (7.5) | (10.7) | (8.8) | (8.8) |
| Income Before Tax | (92.6) | (88.9) | (73.9) | (71.1) | (69.3) | (58.7) | (51.9) | (32.7) | (39.6) | (26.9) | (24.6) | (34.3) | (37.5) | (41.2) | (43.9) | (60.2) | (68.7) | (58.6) | (44.7) | (36.4) | (27.4) | (25.7) | (16.2) | (11.6) | (8.3) | (7.5) | (10.6) | (8.8) | (8.8) |
| 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) | (0.1) | 0 | 1.1 | 1.1 |
| Net Income | (92.6) | (88.9) | (73.9) | (71.1) | (69.3) | (58.7) | (51.9) | (32.7) | (39.6) | (26.9) | (24.6) | (34.3) | (37.5) | (41.2) | (43.9) | (60.2) | (68.7) | (58.6) | (44.7) | (36.4) | (27.4) | (25.7) | (16.2) | (11.6) | (8.3) | (7.4) | (10.6) | (9.9) | (9.9) |
| Per Share Data | |||||||||||||||||||||||||||||
| EPS (Basic) | -3.20 | -3.52 | -3.36 | -3.31 | -3.29 | -2.94 | -2.75 | -1.74 | -2.84 | -2.97 | -2.72 | -7.38 | -10.58 | -12.89 | -14.29 | -19.76 | -22.63 | -19.54 | -15.00 | -13.13 | -10.67 | -12.56 | -146.01 | -105.64 | -76.69 | -68.71 | -101.99 | -100.35 | -100.35 |
| EPS (Diluted) | -3.20 | -3.50 | -3.36 | -3.31 | -3.29 | -2.94 | -2.75 | -1.74 | -2.84 | -2.97 | -2.72 | -7.38 | -10.58 | -12.89 | -14.29 | -19.76 | -22.63 | -19.54 | -15.00 | -13.13 | -10.67 | -12.56 | -146.01 | -105.64 | -76.69 | -68.71 | -101.99 | -100.35 | -100.35 |
| Shares Outstanding | 28.9 | 22.5 | 22.0 | 21.5 | 21.1 | 20.0 | 18.9 | 18.8 | 13.9 | 9.1 | 9.0 | 4.6 | 3.5 | 3.2 | 3.1 | 3.0 | 3.0 | 3.0 | 3.0 | 2.8 | 2.6 | 2.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| 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 | 2019 Q4 | 2019 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 536.3 | 357.3 | 149.5 | 157.4 | 165.6 | 215.4 | 168.6 | 145.1 | 152.0 | 81.3 | 101.1 | 124.3 | 80.8 | 61.6 | 62.4 | 56.0 | 77.9 | 138.7 | 165.7 | 175.9 | 131.2 | 296.6 | 44.8 | (17.9) |
| Short-Term Investments | 250.5 | 242.0 | 117.6 | 143.9 | 162.4 | 177.2 | 188.4 | 206.7 | 55.4 | 0 | 0 | 0 | 5.0 | 38.9 | 61.3 | 109.4 | 144.7 | 137.2 | 148.7 | 163.3 | 139.7 | 0 | 0 | 35.9 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Other Current Assets | 10.9 | 11.6 | 6.7 | 5.3 | 5.6 | 11.8 | 3.0 | 4.8 | 4.4 | 3.6 | 2.2 | 5.5 | 8.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 797.8 | 610.9 | 273.8 | 306.6 | 333.6 | 404.4 | 360.0 | 356.7 | 211.8 | 84.9 | 103.3 | 129.8 | 94.4 | 110.8 | 132.3 | 175.6 | 234.5 | 287.4 | 319.3 | 348.4 | 278.6 | 302.3 | 45.5 | 17.9 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 1.5 | 0.2 | 0.5 | 0.9 | 1.1 | 1.4 | 1.7 | 2.0 | 2.3 | 2.7 | 3.0 | 3.3 | 3.6 | 3.9 | 4.2 | 4.4 | 4.6 | 4.9 | 4.7 | 4.6 | 0.7 | 0.8 | 1.6 | 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 |
| 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 |
| Long-Term Investments | 0 | 0 | 122.0 | 145.4 | 144.0 | 77.0 | 54.1 | 82.0 | 35.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 660.9 | 326.8 | 0 | 0 | 0 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.4 | 0.5 | 0.0 | 0.0 | 0.6 | (17.9) |
| Total Non-Current Assets | 662.4 | 327.0 | 122.5 | 146.3 | 145.2 | 78.7 | 56.2 | 84.3 | 38.6 | 3.1 | 3.4 | 3.7 | 4.0 | 4.3 | 4.6 | 4.8 | 5.0 | 5.3 | 5.1 | 5.1 | 0.7 | 0.9 | 2.2 | (17.9) |
| Total Assets | 1,460.2 | 937.9 | 396.4 | 452.8 | 478.7 | 483.1 | 416.3 | 441.1 | 250.4 | 87.9 | 106.7 | 133.5 | 98.4 | 115.1 | 136.9 | 180.4 | 239.5 | 292.7 | 324.4 | 353.5 | 279.3 | 303.2 | 47.7 | 0 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 31.2 | 24.6 | 30.8 | 28.8 | 22.9 | 12.5 | 15.0 | 8.2 | 9.4 | 5.8 | 7.2 | 8.0 | 17.0 | 14.7 | 10.1 | 11.8 | 13.3 | 10.8 | 7.5 | 7.4 | 5.8 | 4.1 | 2.7 | 0 |
| Short-Term Debt | 1.4 | 0.1 | 0 | 0.8 | 1.1 | 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 | 1.2 | 1.2 | 1.3 | 1.4 | 1.6 | 2.0 | 2.5 | 2.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 17.6 | 35.0 | 3.7 | 16.4 | 13.4 | 9.4 | 0 | 2.1 | 1.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 50.2 | 59.8 | 52.9 | 48.6 | 39.5 | 37.5 | 32.9 | 20.6 | 18.8 | 15.7 | 16.8 | 24.4 | 29.9 | 34.3 | 29.0 | 38.5 | 45.2 | 38.4 | 24.8 | 15.8 | 13.7 | 15.7 | 6.8 | 0 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.7 | 1.3 | 1.9 | 2.5 | 3.2 | 3.4 | 4.0 | 4.7 | 2.8 | 3.0 | 3.3 | 3.5 | 3.7 | 4.0 | 0 | 0 | 0.8 | 0 |
| Total Liabilities | 50.2 | 59.8 | 52.9 | 48.6 | 39.5 | 37.7 | 33.6 | 22.0 | 20.7 | 18.3 | 20.0 | 27.9 | 33.9 | 39.0 | 31.7 | 41.5 | 48.5 | 41.9 | 28.5 | 19.7 | 13.7 | 15.7 | 7.6 | 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 |
| Retained Earnings | (1,232.6) | (1,140.0) | (1,051.1) | (977.2) | (906.0) | (836.7) | (778.1) | (726.2) | (693.5) | (653.9) | (627.0) | (602.4) | (568.1) | (530.6) | (489.5) | (445.5) | (385.3) | (316.6) | (258.0) | (213.3) | (176.9) | (149.6) | (81.0) | 0 |
| Accumulated Other Comprehensive Income | (1.6) | 0 | 0.5 | 0.4 | 0.7 | 0.7 | 0 | (0.1) | 0.0 | 0 | 0 | 0 | (0.0) | (0.2) | (0.5) | (0.7) | (0.6) | (0.2) | (0.0) | (0.1) | (0.1) | 0 | 0 | (41.0) |
| Total Stockholders' Equity | 1,410.0 | 878.1 | 343.5 | 404.2 | 439.2 | 445.4 | 382.7 | 419.1 | 229.7 | 69.7 | 86.8 | 105.6 | 64.5 | 76.1 | 105.2 | 138.9 | 191.0 | 250.8 | 295.9 | 333.8 | 265.5 | 287.5 | 40.1 | 14.7 |
| Total Liabilities & Equity | 1,460.2 | 937.9 | 396.4 | 452.8 | 478.7 | 483.1 | 416.3 | 441.1 | 250.4 | 87.9 | 106.7 | 133.5 | 98.4 | 115.1 | 136.9 | 180.4 | 239.5 | 292.7 | 324.4 | 353.5 | 279.3 | 303.2 | 47.7 | 14.7 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 1.4 | 0.1 | 0.4 | 0.8 | 1.1 | 1.4 | 1.7 | 1.9 | 2.2 | 2.5 | 2.8 | 3.0 | 3.3 | 3.5 | 3.7 | 4.0 | 4.3 | 4.3 | 4.4 | 4.5 | 0.6 | 0.8 | 1.5 | 0 |
| Net Debt | (534.9) | (357.2) | (149.1) | (156.7) | (164.5) | (214.0) | (167.0) | (143.2) | (149.8) | (78.8) | (98.3) | (121.3) | (77.6) | (58.1) | (58.7) | (52.1) | (73.6) | (134.4) | (161.3) | (171.4) | (130.6) | (295.8) | (43.4) | 17.9 |
| 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 | (92.6) | (88.9) | (73.9) | (71.1) | (69.3) | (58.7) | (51.9) | (32.7) | (39.6) | (26.9) | (24.6) | (34.3) | (37.5) | (41.2) | (43.9) | (60.2) | (68.7) | (58.6) | (44.7) | (36.4) | (27.4) | (25.7) | (16.2) | (11.6) | (7.8) | (7.4) | (10.6) | (8.8) | (8.8) |
| Depreciation & Amortization | 0.0 | 0.0 | 0.0 | (0.9) | 0.0 | 0.0 | (3.5) | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.6 | 0.5 | 0.3 | 0.2 | 0.2 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 |
| Stock-Based Compensation | 0 | 0 | 7.4 | 7.8 | 8.8 | 8.6 | 12.4 | 5.9 | 14.5 | 5.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.0 | 0.3 | 0 | 0.2 | 0.3 | 0.1 | 0.1 |
| Change in Working Capital | (10.2) | 2.1 | 2.2 | 9.4 | 8.7 | (4.9) | (2.2) | 0.7 | 1.7 | (2.8) | (4.4) | (2.7) | (3.1) | 5.7 | (8.0) | (4.8) | 6.1 | 6.6 | 13.3 | 0.3 | (3.3) | 1.6 | 1.2 | 1.2 | (0.4) | (2.9) | 2.5 | 0.3 | 0.3 |
| Other Non-Cash Items | 16.7 | 9.5 | (0.4) | 0.3 | (1.0) | (1.1) | 17.7 | (1.3) | 2.6 | 0.2 | 5.8 | 5.8 | 7.6 | 6.6 | 6.9 | 7.8 | 8.3 | 6.7 | 7.2 | 6.0 | 4.9 | 3.8 | 0.2 | 0.2 | (0.3) | 0.2 | 0.2 | 0.4 | 0.4 |
| Operating Cash Flow | (86.1) | (77.3) | (64.7) | (54.7) | (52.7) | (56.1) | (27.5) | (27.3) | (20.6) | (23.6) | (23.0) | (31.0) | (32.6) | (28.6) | (44.7) | (56.9) | (54.1) | (44.7) | (23.8) | (29.8) | (25.5) | (20.0) | (13.9) | (9.9) | (8.4) | (10.0) | (7.7) | (7.9) | (7.9) |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditure | (0.1) | 0 | 0 | (0.1) | 0 | 0 | 0 | 0 | 0 | (0.1) | 0 | 0 | 0 | 0 | (0.0) | (0.1) | (0.3) | (0.5) | (0.5) | (0.1) | (0.0) | 0 | 0 | 0 | 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 |
| Purchases of Investments | (486.8) | (390.3) | (75.1) | (41.3) | (117.1) | (69.4) | (12.0) | (198.9) | (91.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (83.0) | 0 | 0 | (24.2) | (140.0) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 142.6 | 61.9 | 125.5 | 59.3 | 66.0 | 58.5 | 61.5 | 3 | 0 | 0 | 0 | 5 | 34 | 22.6 | 48 | 35 | 74.8 | 10.7 | 14 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 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 |
| Investing Cash Flow | (344.3) | (328.4) | 50.4 | 17.9 | (51.1) | (10.9) | 49.6 | (195.9) | (91.2) | (0.1) | 0 | 5 | 34 | 22.6 | 48.0 | 34.9 | (8.6) | 10.2 | 13.6 | (24.2) | (140.0) | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.0) | (0.0) |
| Financing Activities | |||||||||||||||||||||||||||||
| Net Debt Issuance | (0.1) | 0.9 | (0.3) | (0.3) | (0.3) | 0.8 | 0 | (0.3) | (0.3) | (0.3) | (0.3) | (0.2) | (0.2) | (0.2) | (0.2) | (0.3) | (0.0) | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | 0 | 0 | (0.2) | 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 | (30) | 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 | (12.9) | (0.8) | (0.1) | 0.3 | (1.2) | (1.0) | 0.2 | 0.6 | (0.1) | (0.0) | (0.0) | (0.0) | (0.1) | (0.0) | (0.0) | (0.0) | (0.2) | 0 | 0 | 0 | 0 | 1.1 | (1.1) | (0.0) | 0 | 0 | 0 | 5.0 | 5.0 |
| Financing Cash Flow | 609.3 | 613.5 | 6.4 | 28.6 | 54.0 | 113.8 | 1.4 | 216.4 | 182.5 | 3.9 | (0.3) | 69.4 | 17.8 | 5.2 | 3.1 | 0.2 | 1.2 | 7.5 | 0.0 | 99.2 | 0.1 | 201.9 | 108.9 | 23.4 | (30.2) | 50.4 | (0.1) | 5.0 | 5.0 |
| Cash Position | |||||||||||||||||||||||||||||
| Net Change in Cash | 179.0 | 207.8 | (7.9) | (8.2) | (49.8) | 46.7 | 23.5 | (6.8) | 70.7 | (19.8) | (23.2) | 43.5 | 19.2 | (0.8) | 6.4 | (21.8) | (60.9) | (27.6) | (10.6) | 45.1 | (165.5) | 182.4 | 95.0 | 13.5 | (44.8) | 40.5 | (7.8) | (2.9) | (2.9) |
| Cash at Beginning | 357.3 | 149.5 | 157.4 | 166.0 | 215.4 | 169.1 | 145.6 | 152.4 | 81.3 | 101.1 | 124.3 | 80.8 | 61.6 | 62.4 | 56.0 | 77.9 | 138.7 | 166.3 | 176.9 | 131.8 | 297.2 | 114.8 | 20.3 | 6.8 | 44.8 | 4.9 | 12.7 | 15.6 | 0 |
| Cash at End | 536.3 | 357.3 | 149.5 | 157.8 | 165.6 | 215.8 | 169.1 | 145.6 | 152.0 | 81.3 | 101.1 | 124.3 | 80.8 | 61.6 | 62.4 | 56.0 | 77.9 | 138.7 | 166.3 | 176.9 | 131.8 | 297.2 | 115.4 | 20.3 | 0 | 45.4 | 4.9 | 12.7 | (2.9) |
| Free Cash Flow | (86.1) | (77.3) | (64.7) | (54.8) | (52.7) | (56.1) | (27.5) | (27.3) | (20.6) | (23.6) | (23.0) | (31.0) | (32.6) | (28.6) | (44.7) | (57.0) | (54.4) | (45.2) | (24.2) | (29.9) | (25.5) | (20.0) | (13.9) | (9.9) | (8.4) | (10.0) | (7.7) | (7.9) | (7.9) |
| 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 | 7.5 | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.8 | 0.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (0.0) | 0 | (65.8) | (63.0) | (60.8) | (48.8) | (41.6) | (26.9) | (26.6) | (17.9) | (16.8) | (24.8) | (24.8) | (27.7) | (30.4) | (3.0) | (52.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | (105.9) | (97.0) | (78.4) | (76.1) | (74.7) | (64.0) | (56.8) | (37.5) | (41.9) | (27.8) | (25.5) | (35.0) | (38.1) | (41.5) | (44.3) | (60.4) | (68.8) | (58.7) | (44.8) | (36.5) | (27.4) | (25.7) | (16.2) | (11.6) | (8.5) | (7.5) | (10.7) | (8.8) | (8.8) |
| Net Income | (92.6) | (88.9) | (73.9) | (71.1) | (69.3) | (58.7) | (51.9) | (32.7) | (39.6) | (26.9) | (24.6) | (34.3) | (37.5) | (41.2) | (43.9) | (60.2) | (68.7) | (58.6) | (44.7) | (36.4) | (27.4) | (25.7) | (16.2) | (11.6) | (8.3) | (7.4) | (10.6) | (9.9) | (9.9) |
| EPS (Diluted) | -3.20 | -3.50 | -3.36 | -3.31 | -3.29 | -2.94 | -2.75 | -1.74 | -2.84 | -2.97 | -2.72 | -7.38 | -10.58 | -12.89 | -14.29 | -19.76 | -22.63 | -19.54 | -15.00 | -13.13 | -10.67 | -12.56 | -146.01 | -105.64 | -76.69 | -68.71 | -101.99 | -100.35 | -100.35 |
| Balance Sheet | |||||||||||||||||||||||||||||
| Cash & Equivalents | 536.3 | 357.3 | 149.5 | 157.4 | 165.6 | 215.4 | 168.6 | 145.1 | 152.0 | 81.3 | 101.1 | 124.3 | 80.8 | 61.6 | 62.4 | 56.0 | 77.9 | 138.7 | 165.7 | 175.9 | 131.2 | 296.6 | 44.8 | (17.9) | |||||
| Total Assets | 1,460.2 | 937.9 | 396.4 | 452.8 | 478.7 | 483.1 | 416.3 | 441.1 | 250.4 | 87.9 | 106.7 | 133.5 | 98.4 | 115.1 | 136.9 | 180.4 | 239.5 | 292.7 | 324.4 | 353.5 | 279.3 | 303.2 | 47.7 | 0 | |||||
| Total Debt | 1.4 | 0.1 | 0.4 | 0.8 | 1.1 | 1.4 | 1.7 | 1.9 | 2.2 | 2.5 | 2.8 | 3.0 | 3.3 | 3.5 | 3.7 | 4.0 | 4.3 | 4.3 | 4.4 | 4.5 | 0.6 | 0.8 | 1.5 | 0 | |||||
| Stockholders' Equity | 1,410.0 | 878.1 | 343.5 | 404.2 | 439.2 | 445.4 | 382.7 | 419.1 | 229.7 | 69.7 | 86.8 | 105.6 | 64.5 | 76.1 | 105.2 | 138.9 | 191.0 | 250.8 | 295.9 | 333.8 | 265.5 | 287.5 | 40.1 | 14.7 | |||||
| Cash Flow | |||||||||||||||||||||||||||||
| Operating Cash Flow | (86.1) | (77.3) | (64.7) | (54.7) | (52.7) | (56.1) | (27.5) | (27.3) | (20.6) | (23.6) | (23.0) | (31.0) | (32.6) | (28.6) | (44.7) | (56.9) | (54.1) | (44.7) | (23.8) | (29.8) | (25.5) | (20.0) | (13.9) | (9.9) | (8.4) | (10.0) | (7.7) | (7.9) | (7.9) |
| Capital Expenditure | (0.1) | 0 | 0 | (0.1) | 0 | 0 | 0 | 0 | 0 | (0.1) | 0 | 0 | 0 | 0 | (0.0) | (0.1) | (0.3) | (0.5) | (0.5) | (0.1) | (0.0) | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.0) | (0.0) |
| Free Cash Flow | (86.1) | (77.3) | (64.7) | (54.8) | (52.7) | (56.1) | (27.5) | (27.3) | (20.6) | (23.6) | (23.0) | (31.0) | (32.6) | (28.6) | (44.7) | (57.0) | (54.4) | (45.2) | (24.2) | (29.9) | (25.5) | (20.0) | (13.9) | (9.9) | (8.4) | (10.0) | (7.7) | (7.9) | (7.9) |