Q2 Holdings, Inc. logo QTWO - Q2 Holdings, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 24
HOLD 8
SELL 0
STRONG
SELL
0
| PRICE TARGET: $76.00 DETAILS
HIGH: $90.00
LOW: $63.00
MEDIAN: $75.50
CONSENSUS: $76.00
UPSIDE: 64.79%
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
Revenue
Revenue 216.5 208.2 201.7 195.1 189.7 183.0 175.0 172.9 165.5 162.1 155.0 154.5 153.0 146.5 144.8 140.3 134.1 131.9 126.7 123.6 116.5 109.0 103.8 97.6 92.4 86.8 79.7 77.6 71.3 67.2 60.5 58.6 54.8 51.7 50.1 47.6 44.5 42.2 38.3 36.0 33.8 30.4 28.0 26.3 24.2 22.1 21.0 19.2 16.8 15.7 14.3 14.0 12.8 11.9 10.6
Cost of Revenue 88.6 92.9 92.9 90.6 88.7 86.7 86.0 86.1 83.3 80.7 80.8 80.7 79.7 80.3 77.9 77.4 73.7 72.4 69.7 68.2 63.3 64.5 57.4 53.2 53.1 44.8 40.4 40.1 37.2 35.4 30.1 29.3 27.0 26.6 25.8 24.3 22.8 21.1 19.6 18.9 17.8 16.6 15.1 14.1 13.3 12.9 12.1 10.8 10.2 10.9 9.2 8.4 7.8 7.7 6.8
Gross Profit 127.9 115.3 108.8 104.6 101.0 96.3 89.1 86.8 82.3 81.4 74.1 73.8 73.3 66.2 66.9 62.9 60.4 59.5 57.0 55.3 53.2 44.5 46.4 44.4 39.3 42.0 39.3 37.6 34.1 31.7 30.4 29.3 27.8 25.1 24.3 23.3 21.8 21.0 18.7 17.1 15.9 13.8 12.9 12.1 10.9 9.3 8.8 8.3 6.6 4.8 5.2 5.6 5.0 4.3 3.9
Operating Expenses
R&D Expenses 41.9 40.6 38.9 36.9 37.9 35.7 36.9 35.8 34.9 34.3 34.5 34.1 34.4 34.0 33.1 31.8 31.1 30.0 30.8 29.4 26.8 25.2 23.6 23.6 25.0 19.9 19.6 19.1 17.7 15.5 12.9 11.8 11.2 10.7 10.1 9.9 9.7 8.5 8.2 7.8 7.9 6.6 6.0 4.8 4.2 3.4 3.2 2.8 2.7 2.8 2.3 2.2 1.9 1.5 1.4
SG&A Expenses 57.9 56.3 58.1 58.1 58.8 57.2 57.1 59.0 55.6 56.8 54.2 55.8 52.8 59.4 50.6 49.8 46.2 42.5 44.3 40.1 38.6 34.8 37.4 34.2 39.0 32.1 29.4 29.9 29.7 26.2 22.7 23.6 21.3 20.2 19.5 20.4 18.3 18.0 17.6 17.1 15.6 13.7 12.6 12.3 11.3 10.5 10.2 10.1 9.2 8.4 7.9 7.1 5.4 5.1 4.4
Other Expenses 0 0 0.8 (0.3) 2.1 2.6 7.9 5.8 6.0 8.3 8.6 7.6 7.2 5.3 10.3 5.1 4.4 4.6 5.0 5.8 5.3 4.9 5.3 18.9 2.5 11.9 (5.2) (3.2) (2.2) (2.3) 0.3 (2.1) (1.0) 0.1 0.1 0.1 0.0 (0.1) 0.4 (0.1) 0.0 0.3 0.2 0 0 (0.1) (0.1) (0.1) 0 0 0 0 0 0 0
Operating Expenses 99.8 97.0 97.8 94.7 98.8 95.5 101.9 100.5 96.4 99.4 97.3 97.5 94.5 98.7 93.9 86.7 81.8 77.1 80.0 75.3 70.7 65.0 66.3 76.7 66.5 63.9 49.9 50.0 48.5 42.6 35.9 35.7 32.8 31.2 30.0 30.7 28.4 26.8 26.2 25.3 23.9 20.7 18.8 17.1 15.5 13.9 13.4 12.9 12.0 11.1 10.2 9.2 7.3 6.6 5.8
Operating Income
Operating Income 28.1 18.3 11.0 9.8 2.2 0.8 (12.8) (13.7) (14.2) (18.0) (23.2) (23.7) (21.2) (32.5) (27.1) (23.8) (21.4) (17.6) (23.0) (19.9) (17.5) (20.5) (19.8) (32.3) (27.2) (21.9) (13.4) (14.4) (17.1) (12.7) (7.3) (6.7) (5.2) (6.3) (5.9) (7.7) (6.9) (7.3) (9.3) (9.6) (9.4) (8.3) (7.0) (5.0) (4.6) (4.7) (4.5) (4.5) (5.3) (6.3) (5.0) (3.6) (2.2) (2.3) (1.9)
Interest Expense 1.2 1.2 1.3 1.3 1.5 1.2 1.4 1.1 1.3 1.4 1.3 1.6 1.4 1.7 1.7 1.7 1.7 8.0 8.2 8.7 8.2 7.8 7.1 6.9 6.9 6.7 6.5 4.1 3.0 3.2 2.9 2.9 1.2 0.0 0 0.0 0.1 0.2 0.2 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.2 0.1 0.1 0.1 0
Interest Income 3.3 5.2 5.5 5.0 4.6 4.7 4.6 3.9 3.2 3.4 2.3 2.1 2.3 2.5 1.4 0.6 0.9 0.9 0.1 0.2 0.2 0.2 0.3 0.3 0.5 0.7 1.3 0.9 0.8 0.8 1.0 0.8 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 0.0 0.0 0 0.0 0 0.0 0.0 0.0 0
Profitability
EBITDA 47.6 24.9 24.6 28.4 20.5 19.1 9.5 7.8 6.5 3.3 (2.6) (3.6) 18.5 (13.6) (10.4) (8.2) (5.6) (2.4) (8.8) (7.7) (4.4) (16.4) (6.6) (19.0) (13.7) (10.4) (6.1) (7.5) (10.5) (8.2) (2.6) (2.0) (1.1) (2.3) (2.0) (3.9) (3.3) (4.0) (6.2) (6.6) (6.4) (5.8) (5.0) (3.6) (3.4) (3.7) (3.4) (3.5) (4.3) (5.5) (4.2) (3.0) (1.6) (1.7) (1.6)
EBIT 28.1 18.3 16.5 14.8 6.8 3.1 (8.2) (9.9) (11.0) (14.6) (20.8) (21.6) 0.9 (30.0) (25.7) (23.2) (20.5) (16.6) (22.8) (21.2) (17.3) (29.2) (19.5) (32.0) (26.7) (21.2) (12.1) (13.5) (16.3) (11.9) (6.2) (5.9) (5.0) (6.2) (5.8) (7.6) (6.8) (7.2) (9.2) (9.5) (9.4) (8.2) (6.9) (4.9) (4.5) (4.6) (4.5) (4.5) (5.3) (6.3) (5.0) (3.6) (2.2) (2.3) (1.9)
Income Before Tax 29.8 20.8 15.2 13.5 5.2 1.9 (9.5) (11.0) (12.3) (16.0) (22.2) (23.1) (0.5) (31.7) (27.3) (24.9) (22.2) (24.6) (31.0) (29.9) (25.5) (37.0) (26.6) (38.9) (33.7) (27.8) (18.6) (17.6) (19.4) (15.0) (9.1) (8.8) (6.2) (6.2) (5.8) (7.6) (6.9) (7.4) (9.4) (9.7) (9.4) (8.3) (6.9) (5.0) (4.6) (4.7) (4.6) (4.7) (5.5) (6.5) (5.2) (3.7) (2.3) (2.4) (2.0)
Income Tax Expense 3.1 0.3 0.2 1.7 0.5 1.8 2.3 2.1 1.6 2.1 1.0 0.5 0.0 0.7 0.5 0.3 1.4 0.7 0.6 0.2 0.1 0.8 0.1 0.1 0.4 (12.2) (0.0) (0.2) (0.0) (3.2) (0.3) (0.2) (0.2) (0.7) 0.0 0.2 0.1 0.1 0.1 0.0 0.2 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.0
Net Income 26.6 20.4 15.0 11.8 4.8 0.2 (11.8) (13.1) (13.8) (18.1) (23.2) (23.6) (0.5) (32.4) (27.8) (25.2) (23.6) (25.4) (31.6) (30.1) (25.7) (37.8) (26.7) (39.0) (34.1) (15.7) (18.6) (17.3) (19.3) (11.9) (8.9) (8.6) (6.0) (5.5) (5.8) (7.8) (7.0) (7.5) (9.5) (9.7) (9.7) (8.4) (7.0) (5.0) (4.6) (4.8) (4.6) (4.7) (5.6) (6.5) (5.2) (3.7) (2.5) (2.8) (2.0)
Per Share Data
EPS (Basic) 0.43 0.33 0.24 0.19 0.08 0.00 -0.20 -0.22 -0.23 -0.31 -0.40 -0.41 -0.01 -0.56 -0.48 -0.44 -0.41 -0.45 -0.56 -0.53 -0.46 -0.69 -0.50 -0.76 -0.70 -0.32 -0.39 -0.39 -0.44 -0.27 -0.21 -0.20 -0.14 -0.13 -0.14 -0.19 -0.17 -0.19 -0.24 -0.25 -0.25 -0.22 -0.19 -0.13 -0.13 -0.14 -0.14 -0.14 -0.39 -0.54 -0.43 -0.31 -0.21 -0.23 -0.18
EPS (Diluted) 0.40 0.31 0.23 0.18 0.07 0.00 -0.20 -0.22 -0.23 -0.31 -0.40 -0.41 -0.01 -0.56 -0.48 -0.44 -0.41 -0.45 -0.56 -0.53 -0.46 -0.69 -0.50 -0.76 -0.70 -0.32 -0.39 -0.39 -0.44 -0.27 -0.21 -0.20 -0.14 -0.13 -0.14 -0.19 -0.17 -0.19 -0.24 -0.25 -0.25 -0.22 -0.19 -0.13 -0.13 -0.14 -0.14 -0.14 -0.39 -0.54 -0.43 -0.31 -0.21 -0.23 -0.18
Shares Outstanding 62.3 62.5 62.5 62.4 61.2 60.5 60.3 60.2 59.4 58.7 58.5 58.3 57.9 57.6 57.4 57.2 57.0 56.8 56.6 56.4 55.8 54.6 53.6 51.2 48.6 48.4 47.8 45.0 43.8 43.4 43.0 42.6 42.2 41.8 41.4 41.1 40.6 40.3 39.9 39.4 39.0 38.8 37.4 37.2 35.6 34.4 34.2 34.1 14.1 12.0 12.0 11.9 12.0 12.0 11.3
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
Current Assets
Cash & Cash Equivalents 342.3 367.6 472.4 414.3 383.9 358.6 320.3 303.8 274.5 229.7 156.0 118.2 121.3 199.6 192.6 211.1 225.5 322.8 294.8 317.9 370.7 407.7 365.2 376.3 83.1 100.1 601.2 582.9 110.5 108.3 211.8 176.7 255.4 58.0 40.1 34.5 42.8 54.9 51.6 52.5 55.3
Short-Term Investments 0 0 96.3 117.8 102.1 88.1 87.6 68.2 63.9 94.4 134.8 161.8 150.5 233.8 203.1 188.2 188.1 104.9 99.8 93.3 157.9 131.4 30.9 12.7 29.8 32.3 35.7 34.8 54.0 69.0 86.2 102.0 38.7 41.7 48.7 44.2 39.4 42.2 40.7 43.1 49.7
Net Receivables 96.7 74.4 76.1 68.4 69.0 50.0 65.2 68.2 62.9 52.1 55.3 50.0 49.6 55.6 55.9 49.3 39.6 48.8 54.8 39.9 37.1 37.5 43.2 34.6 27.6 23.3 25.2 27.4 20.2 20.3 23.6 28.2 17.2 13.2 15.8 15.0 8.4 12.2 16.2 10.6 8.7
Inventory 0 0 0 0 0 0 0 0 0 0 0 37.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 20.7 19.3 18.0 16.7 16.4 15.8 14.4 15.1 15.9 14.5 13.0 13.1 0 11.0 9.6
Other Current Assets 85.6 114.0 62.4 59.3 63.8 62.1 53.3 51.1 57.2 51.9 50.6 11.9 53.8 42.1 34.2 33.8 35.4 35.4 33.7 34.7 34.4 30.8 32.2 32.1 29.1 24.2 20.7 19.3 18.0 16.7 16.4 15.8 14.4 15.1 15.9 14.5 13.0 13.1 13.5 11.0 9.6
Total Current Assets 524.6 556.1 707.3 659.7 618.8 558.7 526.3 491.4 458.5 428.0 396.7 379.2 375.1 531.1 499.3 496.2 511.6 522.5 504.1 495.4 616.9 616.2 480.6 464.5 178.8 186.3 688.8 669.9 209.2 218.3 342.8 327.4 330.5 131.1 125.6 112.2 109.6 125.7 127.4 124.1 128.4
Non-Current Assets
Property, Plant & Equipment 53.7 55.0 53.3 56.6 56.9 61.9 65.3 68.9 72.8 76.6 78.9 84.0 90.3 96.5 102.6 111.3 113.9 118.9 120.9 122.8 94.7 84.3 82.7 83.6 81.9 74.6 69.1 64.2 66.1 35.0 35.1 36.7 36.6 34.5 32.1 31.6 31.7 27.5 29.0 27.8 27.5
Goodwill 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 512.9 462.3 462.3 462.3 462.3 462.3 462.0 107.9 107.9 107.9 107.9 12.9 12.9 12.9 12.9 12.9 12.9 12.9 12.9 12.9 12.9 12.9
Intangible Assets 75.8 78.4 82.3 86.8 90.5 94.6 101.1 108.4 115.2 121.6 128.4 134.7 140.0 145.7 146.2 150.9 156.3 162.5 171.0 179.8 175.9 184.9 194.3 204.0 214.0 223.9 54.2 57.2 60.3 63.3 7.7 9.1 10.6 12.0 13.5 14.7 15.9 15.2 15.6 16.1 16.6
Long-Term Investments 0 0 0 0 0 0 0 0 0 0 0 11.6 0 0 0 0 0 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 79.4 74.0 71.0 69.4 70.7 66.7 67.2 67.5 68.9 62.4 62.4 61.9 66.1 63.6 72.5 72.4 69.5 68.4 70.8 72.8 70.6 69.1 73.6 67.2 65.5 62.6 57.8 52.7 47.0 39.2 36.6 32.7 31.3 22.3 21.3 22.0 21.5 19.7 20.4 19.4 18.2
Total Non-Current Assets 721.8 720.2 719.4 725.7 731.1 736.1 746.5 757.6 769.9 773.5 782.6 793.5 809.3 818.6 834.1 847.5 852.5 862.6 875.6 888.2 803.6 800.5 812.9 817.0 823.7 823.1 288.9 281.9 281.2 245.4 92.3 91.4 91.4 81.7 79.8 81.2 81.9 75.3 77.9 76.2 75.2
Total Assets 1,246.3 1,276.3 1,426.7 1,385.4 1,349.9 1,294.8 1,272.8 1,249.0 1,228.4 1,201.4 1,179.2 1,172.7 1,184.4 1,349.7 1,333.4 1,343.7 1,364.1 1,385.0 1,379.6 1,383.6 1,420.5 1,416.7 1,293.5 1,281.6 1,002.5 1,009.4 977.7 951.8 490.4 463.7 435.1 418.8 421.9 212.8 205.5 193.4 191.6 201.0 205.3 200.2 203.6
Current Liabilities
Account Payables 0 0 8.1 6.1 14.6 9.4 13.2 14.2 12.6 19.4 15.1 14.1 13.9 10.1 11.7 12.8 13.4 10.6 5.4 11.4 14.3 7.9 15.4 7.0 12.8 11.0 8.6 8.4 10.3 9.2 7.9 6.6 6.4 7.6 6.3 5.3 5.8 4.2 5.1 5.5 4.9
Short-Term Debt 312.3 312.3 493.9 493.4 190.5 190.3 0 0 0 0 0 0 0 10.9 10.9 10.9 10.9 0 0 0 0 0 0 0 0 0 7.5 6.7 6.9 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 196.8 155.0 170.3 179.4 174.1 137.7 141.3 134.4 132.4 118.7 115.8 111.5 122.1 117.5 101.1 95.8 103.3 98.7 100.1 89.2 88.9 81.9 77.9 68.2 64.2 57.9 52.0 46.0 45.2 42.5 34.8 33.2 38.3 38.4 40.5 32.1 28.8 30.1 32.3 25.8 25.5
Other Current Liabilities 53.4 76.8 23.4 23.8 18.6 32.9 25.9 21.4 13.8 26.6 18.5 15.9 11.7 23.5 18.0 16.7 19.5 31.7 32.1 19.9 16.7 26.7 22.2 20.2 35.4 38.7 28.2 21.7 19.7 7.9 7.6 7.7 10.8 9.1 5.9 8.7 9.6 7.3 9.1 10.4 8.1
Total Current Liabilities 562.5 544.1 731.6 732.3 432.2 398.9 210.8 201.2 192.7 191.6 176.1 168.9 176.9 192.0 166.2 160.3 171.8 168.4 163.9 153.0 153.4 145.8 145.1 119.8 140.5 133.0 116.2 99.7 100.4 73.7 61.0 54.6 61.8 68.1 64.3 52.0 51.6 59.2 60.5 52.4 48.7
Non-Current Liabilities
Long-Term Debt 31.6 33.8 0 0 302.4 302.1 492.0 491.5 491.0 490.5 490.0 489.5 489.0 657.8 657.1 656.5 655.8 551.6 544.7 537.9 564.5 557.5 441.5 435.9 430.3 424.8 419.3 413.9 185.3 182.7 180.1 177.6 175.2 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 0 0 0 0 0 8.2 8.0 8.2 9.1 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 40.6 36.5 7.5 7.0 6.8 10.4 10.3 9.6 8.5 8.0 7.3 4.5 5.2 6.2 3.6 5.0 5.0 4.3 5.0 4.2 3.9 4.1 5.8 11.6 3.7 3.2 4.6 0.5 0.5 25.4 8.6 9.1 9.4 9.8 10.3 10.6 9.7 9.8 10.0 10.0 12.4
Total Non-Current Liabilities 72.2 70.4 72.2 68.8 372.2 378.1 566.9 567.2 570.8 561.4 562.1 562.4 568.4 738.7 736.8 742.5 746.1 646.4 634.0 633.1 634.1 627.5 511.2 514.2 501.1 497.1 479.7 466.2 237.6 231.1 214.2 205.9 205.2 38.1 38.6 41.1 39.6 41.5 42.3 41.0 43.2
Total Liabilities 634.7 614.5 803.8 801.1 804.4 777.0 777.7 768.4 763.4 752.9 738.2 731.3 745.3 930.7 903.1 902.8 917.9 814.7 797.9 786.1 787.5 773.3 656.3 634.1 641.6 630.0 595.8 565.9 338.0 304.8 275.1 260.5 267.0 106.2 102.8 93.1 91.2 100.7 102.8 93.4 91.8
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 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 (585.6) (612.2) (632.7) (647.7) (659.5) (664.2) (664.4) (652.6) (639.5) (625.7) (607.6) (584.4) (560.8) (560.3) (527.9) (500.1) (474.9) (493.9) (468.6) (437.0) (406.8) (381.2) (343.4) (316.6) (277.7) (243.3) (227.6) (209.1) (191.7) (172.4) (160.6) (151.7) (143.1) (152.1) (146.6) (140.8) (133.0) (125.8) (118.3) (108.8) (99.1)
Accumulated Other Comprehensive Income (2.6) (2.0) (1.9) (1.4) (1.7) (1.9) (0.6) (1.2) (1.3) (1.1) (2.0) (1.9) (2.0) (3.0) (3.6) (2.6) (1.3) (0.1) 0.1 (0.1) (0.0) (0.0) (0.0) (0.1) (0.2) 0.0 0.1 0.2 0.1 (0.0) (0.1) (0.2) (0.2) (0.1) (0.1) (0.1) (0.1) (0.1) (0.0) 0.0 (0.0)
Total Stockholders' Equity 611.7 661.8 622.9 584.3 545.5 517.8 495.1 480.7 465.0 448.5 441.0 441.4 439.1 419.0 430.3 440.9 446.2 570.3 581.7 597.5 633.0 643.4 637.3 647.5 360.9 379.4 381.8 385.9 152.4 158.9 160.0 158.3 154.9 106.6 102.6 100.3 100.4 100.2 102.5 106.9 111.8
Total Liabilities & Equity 1,246.3 1,276.3 1,426.7 1,385.4 1,349.9 1,294.8 1,272.8 1,249.0 1,228.4 1,201.4 1,179.2 1,172.7 1,184.4 1,349.7 1,333.4 1,343.7 1,364.1 1,385.0 1,379.6 1,383.6 1,420.5 1,416.7 1,293.5 1,281.6 1,002.5 1,009.4 977.7 951.8 490.4 463.7 435.1 418.8 421.9 212.8 205.5 193.4 191.6 201.0 205.3 200.2 203.6
Debt Metrics
Total Debt 343.9 346.1 539.1 539.3 539.0 543.0 542.1 544.1 546.0 548.9 545.9 547.4 549.1 733.3 732.8 733.3 734.9 622.0 617.1 612.0 606.2 601.1 481.8 478.4 472.9 470.0 457.1 447.1 219.8 182.7 180.1 177.6 175.2 0 0 0 0 0 0 0 0.1
Net Debt 1.6 (21.5) 66.7 125.0 155.1 184.4 221.8 240.3 271.5 319.3 389.9 429.1 427.9 533.7 540.2 522.2 509.3 299.1 322.3 294.1 235.5 193.3 116.6 102.1 389.9 369.9 (144.0) (135.7) 109.3 74.4 (31.7) 0.8 (80.2) (58.0) (40.1) (34.5) (42.8) (54.9) (51.6) (52.5) (55.2)
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 26.6 20.4 15.0 11.8 4.8 0.2 (11.8) (13.1) (13.8) (18.1) (23.2) (23.6) (0.5) (32.4) (27.8) (25.2) (23.6) (25.4) (31.6) (30.1) (25.7) (37.8) (26.7) (39.0) (34.1) (15.7) (18.6) (17.3) (19.3) (11.9) (8.9) (8.6) (6.0) (5.5) (5.8) (7.8) (7.0) (7.5) (9.5) (9.7) (9.7)
Depreciation & Amortization 7.7 12.5 13.6 0.0 13.7 16.0 17.7 17.6 17.5 17.9 18.3 17.9 17.5 19.2 15.3 15.0 14.9 18.3 14.1 13.6 12.9 12.9 12.9 13.0 13.0 10.7 5.9 6.0 5.8 5.4 3.7 3.9 3.9 3.9 3.8 3.7 3.5 3.3 3.1 2.9 2.9
Stock-Based Compensation 20.3 20.2 23.3 22.5 21.0 19.8 24.3 24.3 20.8 19.4 21.1 20.6 18.1 0 17.8 18.6 14.9 0 14.4 13.9 13.5 12.6 12.0 11.2 14.9 11.1 10.3 9.9 9.2 8.9 7.5 7.0 6.1 6.3 5.4 5.0 4.2 3.8 3.4 2.9 2.6
Change in Working Capital (11.0) (0.0) (15.1) (7.2) (1.6) (0.2) 4.4 (1.3) (17.7) 9.6 (8.3) (8.5) (18.5) 34.3 (10.7) (24.6) (18.6) 21.9 (25.5) (1.6) (19.5) 6.0 (5.6) (7.8) (19.5) (1.6) 9.9 (13.7) (10.7) 3.1 10.9 (21.2) (14.6) 2.0 6.1 (2.5) (13.3) 3.1 2.1 (0.6) 2.5
Other Non-Cash Items 12.4 8.4 8.4 20.8 7.7 7.3 7.6 7.2 6.9 7.0 8.4 6.7 (12.1) 23.0 11.8 6.9 7.0 24.4 14.2 15.7 13.2 24.8 12.6 11.3 9.5 9.8 9.7 7.9 4.0 4.5 4.5 4.9 3.5 2.0 2.1 1.9 1.8 2.1 1.8 1.9 1.8
Operating Cash Flow 56.3 63.7 45.6 48.6 43.5 43.0 43.2 36.0 13.4 36.6 16.8 13.1 3.9 44.8 6.5 (9.3) (4.5) 39.3 (14.4) 11.5 (5.5) 19.1 5.2 (11.4) (15.8) 1.9 17.4 (7.8) (10.9) 8.5 17.4 (14.2) (7.1) 8.1 11.6 0.4 (10.7) 4.8 1 (2.6) 0.2
Investing Activities
Capital Expenditure (6.6) (7.1) (8.3) 3.6 (5.7) (6.2) (8.2) (7.3) (7.4) (6.8) (7.5) (9.3) (7.1) (2.2) (10.0) (6.4) (8.2) (3.7) (3.3) (9.8) (6.9) (7.5) (2.0) (10.2) (4.9) (1.5) (1.6) (5.6) (5.5) (1.1) (1.1) (5.8) (5.4) (0.9) (4.0) (2.5) (5.9) (1.6) (5.7) (5.8) (4.2)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 6.4 (5.0) 0 0 0 0 0 53.6 0 0 0 0 0 (505.6) 0 0.3 0 (130.5) 0.0 0 (0.1) (3.8) 0.2 (2.5) (1.3) (0.1) 0.9 0.7 (0.1)
Purchases of Investments 28.5 (2.6) (25.3) (32.2) (34.0) (28.4) (33.8) (33.4) (0.1) (0.0) (7.4) (26.6) (42.8) (78.9) (72.4) (38.9) (102.7) (35.2) (35.3) (12.0) (41.6) (107.7) (23.6) 0 0 0.2 (2.6) (15.1) (9.7) 0.0 (1.3) (74.4) 0.1 (2.5) (9.5) (12.8) (2.9) (8.1) (11.4) (9.7) (6.2)
Sales/Maturities of Investments 0 34.0 47.0 17.0 20.2 28.2 15.3 29.3 31.0 41.4 35.7 15.8 127.9 49.4 57.0 38.0 18.1 29.5 28.5 22.6 15.0 7.0 5.3 17.1 2.5 3.2 1.8 34.1 24.9 17.2 17.2 11.2 2.9 9.4 4.9 8.0 5.7 6.5 13.7 16.2 4.8
Other Investing Activities (5.5) (5.1) (5.6) (5.6) (4.9) (4.8) (5.8) (5.8) (6.0) (5.6) (6.2) (7.1) (6.4) 0 (6.2) (5.2) (4.3) 0 (1.6) (64.7) (0.8) (0.3) (0.3) (0.1) (0.3) (0.2) (0.8) (0.3) 15.2 17.2 (0.0) (63.2) (0.1) 4.4 (0.2) (1.6) 2.2 0.1 (0.9) (0.7) (4.8)
Investing Cash Flow 16.4 24.3 13.3 (22.1) (19.5) (6.4) (26.7) (11.4) 23.5 34.6 20.8 (20.1) 78.0 (40.0) (25.4) (7.3) (92.8) (11.3) (10.0) (10.3) (33.5) (108.2) (20.3) 6.8 (2.4) (503.9) (2.4) 13.4 9.7 (114.4) 14.8 (69.0) (2.6) 6.6 (8.6) (11.5) (4.4) (3.3) (3.4) 0.7 (10.5)
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 (160.5) 0 0 0 0 19.7 0 0 0 132.6 0 0 0 0 (0.3) 307.3 0 0 (0.0) (0.5) 223.7 0 0 0 0 0 0 (2.9) (2.2)
Stock Repurchased (97.2) 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 0 0 0 0 0 0.0 (0.1) (0.2) (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 (2.9) 0 0 0
Other Financing Activities 0 (196) 0 0 0.5 2.8 (0.9) 3.0 8.4 4.1 0.4 3.8 0.1 0 0.5 2.7 0.1 (19.7) 1.3 (57.1) 2.0 (0.9) 4.7 297.8 1.2 2.2 3.6 159.8 3.4 2.0 2.9 5.0 (16.5) 3.1 2.7 2.8 3.0 1.8 1.5 2.2 0.7
Financing Cash Flow (97.2) (193.2) 0 3.7 0.5 2.8 (0.9) 3.0 8.4 4.1 0.4 3.8 (160.3) 2.6 0.5 2.7 0.1 0.1 1.3 (54.5) 2.0 131.6 4.0 297.8 1.2 2.2 3.3 467.1 3.4 2.0 2.9 4.5 207.2 3.1 2.7 2.8 3.0 1.8 1.5 (0.8) (1.5)
Cash Position
Net Change in Cash (24.9) (105.2) 58.5 30.5 24.7 38.6 15.8 27.6 45.1 75.6 37.5 (3.0) (78.4) (19.0) (18.8) (14.4) (97.3) 3.0 (23.2) (53.3) (37.0) 42.5 (11.1) 293.2 (17.0) (499.7) 18.3 472.7 2.2 (103.9) 35.0 (78.7) 197.4 17.8 5.7 (8.3) (12.1) 3.2 (0.9) (2.7) (11.8)
Cash at Beginning 369.3 474.5 416.0 385.5 360.8 322.1 306.3 278.8 233.6 158.1 120.5 123.5 201.9 195.3 214.1 228.5 325.8 297.7 320.9 374.2 411.2 368.7 379.7 86.5 103.6 603.3 585.0 112.4 110.2 214.1 179.1 257.7 60.3 40.1 34.5 42.8 54.9 51.6 52.5 55.3 67.0
Cash at End 344.4 369.3 474.5 416.0 385.5 360.8 322.1 306.3 278.8 233.6 158.1 120.5 123.5 176.4 195.3 214.1 228.5 300.7 297.7 320.9 374.2 411.2 368.7 379.7 86.5 103.6 603.3 585.0 112.4 110.2 214.1 179.1 257.7 58.0 40.1 34.5 42.8 54.9 51.6 52.5 55.3
Free Cash Flow 49.7 56.6 37.2 52.2 37.8 36.8 35.1 28.8 6.0 29.8 9.3 3.7 (3.2) 42.6 (3.5) (15.7) (12.7) 35.6 (17.7) 1.7 (12.4) 11.6 3.2 (21.7) (20.7) 0.3 15.7 (13.4) (16.4) 7.3 16.4 (19.9) (12.5) 7.2 7.6 (2.1) (16.6) 3.2 (4.7) (8.4) (4.0)
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
Income Statement
Revenue 216.5 208.2 201.7 195.1 189.7 183.0 175.0 172.9 165.5 162.1 155.0 154.5 153.0 146.5 144.8 140.3 134.1 131.9 126.7 123.6 116.5 109.0 103.8 97.6 92.4 86.8 79.7 77.6 71.3 67.2 60.5 58.6 54.8 51.7 50.1 47.6 44.5 42.2 38.3 36.0 33.8 30.4 28.0 26.3 24.2 22.1 21.0 19.2 16.8 15.7 14.3 14.0 12.8 11.9 10.6
Gross Profit 127.9 115.3 108.8 104.6 101.0 96.3 89.1 86.8 82.3 81.4 74.1 73.8 73.3 66.2 66.9 62.9 60.4 59.5 57.0 55.3 53.2 44.5 46.4 44.4 39.3 42.0 39.3 37.6 34.1 31.7 30.4 29.3 27.8 25.1 24.3 23.3 21.8 21.0 18.7 17.1 15.9 13.8 12.9 12.1 10.9 9.3 8.8 8.3 6.6 4.8 5.2 5.6 5.0 4.3 3.9
Operating Income 28.1 18.3 11.0 9.8 2.2 0.8 (12.8) (13.7) (14.2) (18.0) (23.2) (23.7) (21.2) (32.5) (27.1) (23.8) (21.4) (17.6) (23.0) (19.9) (17.5) (20.5) (19.8) (32.3) (27.2) (21.9) (13.4) (14.4) (17.1) (12.7) (7.3) (6.7) (5.2) (6.3) (5.9) (7.7) (6.9) (7.3) (9.3) (9.6) (9.4) (8.3) (7.0) (5.0) (4.6) (4.7) (4.5) (4.5) (5.3) (6.3) (5.0) (3.6) (2.2) (2.3) (1.9)
Net Income 26.6 20.4 15.0 11.8 4.8 0.2 (11.8) (13.1) (13.8) (18.1) (23.2) (23.6) (0.5) (32.4) (27.8) (25.2) (23.6) (25.4) (31.6) (30.1) (25.7) (37.8) (26.7) (39.0) (34.1) (15.7) (18.6) (17.3) (19.3) (11.9) (8.9) (8.6) (6.0) (5.5) (5.8) (7.8) (7.0) (7.5) (9.5) (9.7) (9.7) (8.4) (7.0) (5.0) (4.6) (4.8) (4.6) (4.7) (5.6) (6.5) (5.2) (3.7) (2.5) (2.8) (2.0)
EPS (Diluted) 0.40 0.31 0.23 0.18 0.07 0.00 -0.20 -0.22 -0.23 -0.31 -0.40 -0.41 -0.01 -0.56 -0.48 -0.44 -0.41 -0.45 -0.56 -0.53 -0.46 -0.69 -0.50 -0.76 -0.70 -0.32 -0.39 -0.39 -0.44 -0.27 -0.21 -0.20 -0.14 -0.13 -0.14 -0.19 -0.17 -0.19 -0.24 -0.25 -0.25 -0.22 -0.19 -0.13 -0.13 -0.14 -0.14 -0.14 -0.39 -0.54 -0.43 -0.31 -0.21 -0.23 -0.18
Balance Sheet
Cash & Equivalents 342.3 367.6 472.4 414.3 383.9 358.6 320.3 303.8 274.5 229.7 156.0 118.2 121.3 199.6 192.6 211.1 225.5 322.8 294.8 317.9 370.7 407.7 365.2 376.3 83.1 100.1 601.2 582.9 110.5 108.3 211.8 176.7 255.4 58.0 40.1 34.5 42.8 54.9 51.6 52.5 55.3
Total Assets 1,246.3 1,276.3 1,426.7 1,385.4 1,349.9 1,294.8 1,272.8 1,249.0 1,228.4 1,201.4 1,179.2 1,172.7 1,184.4 1,349.7 1,333.4 1,343.7 1,364.1 1,385.0 1,379.6 1,383.6 1,420.5 1,416.7 1,293.5 1,281.6 1,002.5 1,009.4 977.7 951.8 490.4 463.7 435.1 418.8 421.9 212.8 205.5 193.4 191.6 201.0 205.3 200.2 203.6
Total Debt 343.9 346.1 539.1 539.3 539.0 543.0 542.1 544.1 546.0 548.9 545.9 547.4 549.1 733.3 732.8 733.3 734.9 622.0 617.1 612.0 606.2 601.1 481.8 478.4 472.9 470.0 457.1 447.1 219.8 182.7 180.1 177.6 175.2 0 0 0 0 0 0 0 0.1
Stockholders' Equity 611.7 661.8 622.9 584.3 545.5 517.8 495.1 480.7 465.0 448.5 441.0 441.4 439.1 419.0 430.3 440.9 446.2 570.3 581.7 597.5 633.0 643.4 637.3 647.5 360.9 379.4 381.8 385.9 152.4 158.9 160.0 158.3 154.9 106.6 102.6 100.3 100.4 100.2 102.5 106.9 111.8
Cash Flow
Operating Cash Flow 56.3 63.7 45.6 48.6 43.5 43.0 43.2 36.0 13.4 36.6 16.8 13.1 3.9 44.8 6.5 (9.3) (4.5) 39.3 (14.4) 11.5 (5.5) 19.1 5.2 (11.4) (15.8) 1.9 17.4 (7.8) (10.9) 8.5 17.4 (14.2) (7.1) 8.1 11.6 0.4 (10.7) 4.8 1 (2.6) 0.2
Capital Expenditure (6.6) (7.1) (8.3) 3.6 (5.7) (6.2) (8.2) (7.3) (7.4) (6.8) (7.5) (9.3) (7.1) (2.2) (10.0) (6.4) (8.2) (3.7) (3.3) (9.8) (6.9) (7.5) (2.0) (10.2) (4.9) (1.5) (1.6) (5.6) (5.5) (1.1) (1.1) (5.8) (5.4) (0.9) (4.0) (2.5) (5.9) (1.6) (5.7) (5.8) (4.2)
Free Cash Flow 49.7 56.6 37.2 52.2 37.8 36.8 35.1 28.8 6.0 29.8 9.3 3.7 (3.2) 42.6 (3.5) (15.7) (12.7) 35.6 (17.7) 1.7 (12.4) 11.6 3.2 (21.7) (20.7) 0.3 15.7 (13.4) (16.4) 7.3 16.4 (19.9) (12.5) 7.2 7.6 (2.1) (16.6) 3.2 (4.7) (8.4) (4.0)