RCUS - Arcus Biosciences, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$31.17
DETAILS
HIGH:
$47.00
LOW:
$22.00
MEDIAN:
$30.00
CONSENSUS:
$31.17
UPSIDE:
33.03%
| 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 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||
| Revenue | 17 | 33 | 26 | 160 | 28 | 26 | 48 | 39 | 145 | 31 | 32 | 29 | 25 | 33.7 | 33 | 27 | 18 | 354.5 | 9.5 | 9.5 | 9.5 | 9.5 | 64.5 | 1.8 | 1.8 | 9.8 | 1.8 | 1.8 | 1.8 | 1.6 | 4.3 | 1.2 | 1.2 | 1.2 | 0.2 | 0 | 0 |
| Cost of Revenue | 2 | 3 | 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 |
| Gross Profit | 15 | 30 | 24 | 160 | 28 | 26 | 48 | 39 | 145 | 31 | 32 | 29 | 25 | 33.7 | 33 | 27 | 18 | 354.5 | 9.5 | 9.5 | 9.5 | 9.5 | 64.5 | 1.8 | 1.8 | 9.8 | 1.8 | 1.8 | 1.8 | 1.6 | 4.3 | 1.2 | 1.2 | 1.2 | 0.2 | 0 | 0 |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| R&D Expenses | 122 | 121 | 141 | 139 | 122 | 101 | 123 | 115 | 109 | 93 | 82 | 84 | 81 | 80.2 | 77 | 70 | 61 | 49.9 | 71.3 | 68.8 | 66.4 | 48.7 | 51.8 | 35.7 | 23.1 | 20.7 | 17.2 | 25.0 | 15.6 | 11.4 | 12.9 | 13.7 | 11.7 | 12.1 | 21.4 | 7.8 | 5.8 |
| SG&A Expenses | 29 | 26 | 27 | 29 | 28 | 28 | 30 | 30 | 32 | 29 | 30 | 28 | 30 | 27.9 | 26 | 26 | 24 | 23.3 | 16.3 | 16.8 | 15.8 | 12.8 | 11.2 | 11.4 | 7.0 | 6.6 | 7.8 | 5.9 | 5.0 | 3.6 | 3.6 | 3.5 | 2.9 | 2.4 | 1.9 | 1.8 | 1.5 |
| Other Expenses | (2) | (3) | (2) | 0 | 0 | 0 | 0 | 0 | 20 | 0 | 0 | 0 | 0 | 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 | 149 | 144 | 166 | 168 | 150 | 129 | 153 | 145 | 161 | 122 | 112 | 112 | 111 | 108.1 | 103 | 96 | 85 | 73.2 | 87.6 | 85.6 | 82.2 | 61.5 | 63.0 | 47.1 | 30.1 | 27.3 | 25.0 | 30.9 | 20.5 | 15.0 | 16.4 | 17.1 | 14.6 | 14.6 | 23.3 | 9.7 | 7.3 |
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (134) | (114) | (142) | (8) | (122) | (103) | (105) | (106) | (16) | (91) | (80) | (83) | (86) | (74.4) | (70) | (69) | (67) | 281.3 | (78.1) | (76.1) | (72.7) | (52.0) | 1.6 | (45.4) | (28.4) | (17.5) | (23.2) | (29.2) | (18.8) | (13.5) | (12.1) | (15.9) | (13.3) | (13.3) | (23.1) | (9.7) | (7.3) |
| Interest Expense | 3 | 14 | 3 | 2 | 1 | 2 | 1 | 0 | 1 | 0 | 1 | 0 | 1 | 0.6 | 0 | 1 | 0 | 0.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 31 | 10 | 10 | 11 | 12 | 14 | 13 | 13 | 11 | 12 | 9 | 9 | 7.5 | 5 | 3 | 0 | 0 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.6 | 0.9 | 1.3 | 1.5 | 1.5 | 0.8 | 1.5 | 1.3 | 0.6 | 0.1 | 0.0 | 0.1 | 0.1 |
| Profitability | |||||||||||||||||||||||||||||||||||||
| EBITDA | (132) | (81) | (130) | 4 | (108) | (89) | (89) | (91) | 0 | (77) | (67) | (72) | (75) | (65.4) | (63) | (64) | (66) | 281.9 | (77.0) | (75.2) | (71.8) | (50.2) | 2.6 | (44.4) | (27.4) | (16.7) | (22.4) | (28.3) | (17.8) | (12.5) | (11.2) | (15.0) | (12.5) | (12.6) | (22.4) | (9.0) | (6.8) |
| EBIT | (134) | (84) | (132) | 2 | (111) | (92) | (91) | (93) | (3) | (80) | (68) | (74) | (77) | (66.9) | (65) | (66) | (67) | 281.9 | (78.0) | (76.0) | (72.6) | (52.0) | 1.6 | (45.4) | (28.4) | (17.5) | (23.2) | (29.2) | (18.8) | (13.5) | (12.1) | (15.9) | (13.3) | (13.3) | (23.1) | (9.7) | (7.3) |
| Income Before Tax | (128) | (98) | (135) | (8) | (112) | (94) | (92) | (93) | (4) | (80) | (69) | (74) | (78) | (67.5) | (65) | (67) | (67) | 281.2 | (78.0) | (76.0) | (72.6) | (51.9) | 1.8 | (45.1) | (27.8) | (16.6) | (22.4) | (28.1) | (17.7) | (12.3) | (10.8) | (13.5) | (13.0) | (13.2) | (23.1) | (9.6) | (7.2) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 2 | 1 | 2 | (0.0) | 0 | 0 | 1 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (128) | (98) | (135) | (8) | (112) | (94) | (92) | (93) | (4) | (81) | (71) | (75) | (80) | (67.5) | (65) | (67) | (68) | 279.4 | (78.0) | (76.0) | (72.6) | (51.9) | 1.8 | (45.1) | (27.8) | (16.6) | (22.4) | (28.1) | (17.7) | (12.3) | (10.8) | (13.5) | (13.0) | (13.2) | (23.1) | (9.6) | (7.2) |
| Per Share Data | |||||||||||||||||||||||||||||||||||||
| EPS (Basic) | -1.02 | -0.92 | -1.27 | 0.04 | -1.14 | -1.03 | -1.01 | -1.02 | -0.05 | -1.08 | -0.95 | -1.02 | -1.10 | -0.92 | -0.84 | -0.90 | -0.96 | 3.97 | -1.11 | -1.09 | -1.08 | -0.82 | 0.03 | -0.93 | -0.63 | -0.38 | -0.51 | -0.64 | -0.41 | -0.28 | -0.25 | -0.32 | -1.37 | -0.54 | -0.94 | -0.39 | -0.29 |
| EPS (Diluted) | -1.02 | -0.92 | -1.27 | 0.04 | -1.14 | -1.03 | -1.01 | -1.02 | -0.05 | -1.08 | -0.95 | -1.02 | -1.10 | -0.92 | -0.84 | -0.90 | -0.96 | 3.71 | -1.11 | -1.09 | -1.08 | -0.82 | 0.03 | -0.93 | -0.63 | -0.38 | -0.51 | -0.64 | -0.41 | -0.28 | -0.25 | -0.32 | -1.37 | -0.54 | -0.94 | -0.39 | -0.29 |
| Shares Outstanding | 125.4 | 107.4 | 106.5 | 106.1 | 98.4 | 91.7 | 91.4 | 91.1 | 86.2 | 75 | 74.6 | 73.2 | 73 | 72.6 | 72.2 | 71.8 | 71.2 | 70.4 | 70.1 | 69.7 | 67.1 | 63.5 | 62.6 | 48.6 | 44.3 | 44.1 | 43.8 | 43.8 | 43.5 | 43.2 | 42.8 | 42.5 | 9.5 | 24.6 | 24.6 | 24.6 | 24.6 |
| 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 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 201 | 222 | 238 | 248 | 192 | 150 | 201 | 156 | 185 | 127 | 184 | 230 | 238 | 206 | 217.6 | 272.6 | 548.8 | 147.9 | 179.4 | 320.5 | 390.3 | 173.4 | 221.8 | 285.2 | 67.3 | 57.9 | 79.0 | 76.1 | 68.5 | 71.1 | 74.9 | 170.0 | 198.1 | 98.4 | (98.9) |
| Short-Term Investments | 621 | 759 | 593 | 663 | 805 | 828 | 888 | 813 | 810 | 632 | 615 | 700 | 716 | 803 | 831.1 | 900.1 | 664.8 | 351.4 | 345.2 | 400.5 | 436.7 | 555.2 | 560.6 | 177.3 | 90.5 | 130.3 | 112.0 | 148.3 | 173.4 | 185.5 | 182.9 | 95.7 | 82.1 | 77.3 | 197.8 |
| Net Receivables | 0 | 0 | 14 | 20 | 21 | 25 | 21 | 33 | 40 | 42 | 56 | 37 | 36 | 43 | 30.7 | 39.0 | 32.2 | 746.8 | 3.1 | 3.0 | 6.3 | 1.7 | 3.0 | 0.5 | 0.3 | 0.1 | 5.3 | 0.1 | 0 | 0.1 | 5.1 | 0.2 | 0.1 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 22 | 26 | 12 | 15 | 13 | 13 | 17 | 20 | 29 | 30 | 26 | 18 | 24 | 14 | 0 | 14.4 | 17.6 | 14.7 | 16.6 | 21.0 | 0 | 4.5 | 8.9 | 0 | 0 | 0.3 | 0 | 0 | 3.1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 844 | 1,007 | 857 | 946 | 1,031 | 1,016 | 1,127 | 1,022 | 1,064 | 831 | 881 | 985 | 1,014 | 1,066 | 1,101.1 | 1,227.5 | 1,264.2 | 1,261.8 | 545.3 | 746.0 | 841.9 | 735.8 | 797.2 | 471.6 | 166.2 | 192.7 | 200.5 | 227.7 | 245.0 | 258.9 | 265.3 | 267.4 | 282.1 | 176.9 | 98.9 |
| Non-Current Assets | |||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 38 | 40 | 42 | 44 | 46 | 47 | 48 | 49 | 51 | 51 | 50 | 45 | 37 | 135 | 136.0 | 137.4 | 136.5 | 137.4 | 64.4 | 59.9 | 27.1 | 23.6 | 8.7 | 8.3 | 8.8 | 9.3 | 10.0 | 10.4 | 11.0 | 11.1 | 11.8 | 12.5 | 11.8 | 11.2 | 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 | 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 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 10 | 16 | 8 | 14 | 2 | 40 | 100 | 107 | 160 | 88 | 96 | 134 | 143.1 | 101.3 | 131.8 | 185.0 | 221.7 | 87.1 | 58.0 | 6.6 | 2.9 | 0 | 0 | 0 | 6.0 | 0.4 | 2.0 | 4.4 | 9.3 | 13.5 | 11.1 | 0.7 | 0 |
| Other Non-Current Assets | 115 | 92 | 65 | 69 | 71 | 73 | 75 | 75 | 78 | 106 | 100 | 102 | 107 | 10 | 13.6 | 10.5 | 10.9 | 7.7 | 7.9 | 5.8 | 8.2 | 6.2 | 2.2 | 1.5 | 1.2 | 1.1 | 0.5 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 | 0.4 | 1.7 | (98.9) |
| Total Non-Current Assets | 153 | 132 | 117 | 129 | 125 | 134 | 125 | 164 | 229 | 264 | 310 | 235 | 240 | 279 | 292.7 | 249.3 | 279.2 | 330.1 | 294.0 | 152.8 | 93.2 | 36.5 | 13.9 | 9.8 | 9.9 | 10.4 | 16.5 | 11.2 | 13.5 | 16.0 | 21.4 | 26.4 | 23.3 | 13.6 | (98.9) |
| Total Assets | 997 | 1,139 | 974 | 1,075 | 1,156 | 1,150 | 1,252 | 1,186 | 1,293 | 1,095 | 1,191 | 1,220 | 1,254 | 1,345 | 1,393.8 | 1,476.8 | 1,543.4 | 1,591.9 | 839.3 | 898.8 | 935.1 | 772.3 | 811.1 | 481.4 | 176.1 | 203.1 | 217.0 | 239.0 | 258.5 | 274.9 | 286.7 | 293.9 | 305.4 | 190.5 | 0 |
| Current Liabilities | |||||||||||||||||||||||||||||||||||
| Account Payables | 0 | 0 | 42 | 29 | 22 | 18 | 13 | 15 | 16 | 17 | 17 | 12 | 28 | 20 | 10.5 | 22.0 | 18.1 | 10.3 | 13.2 | 17.0 | 24.5 | 15.7 | 8.1 | 12.1 | 2.4 | 4.7 | 2.9 | 2.4 | 2.8 | 3.1 | 2.1 | 5.4 | 3.9 | 3.8 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9 | 0 | 0 | 3 | 0 | 0 | 0 | 5.1 | 0 | 0 | 0 | 2.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 34 | 35 | 52 | 71 | 72 | 85 | 105 | 113 | 124 | 91 | 103 | 103 | 97 | 97 | 103.3 | 90.1 | 89.3 | 102.0 | 74.3 | 74.6 | 74.6 | 74.6 | 117.5 | 7 | 7 | 7 | 7 | 7 | 7 | 6.2 | 6.2 | 5 | 5 | 5 | 0 |
| Other Current Liabilities | 175 | 196 | 16 | 16 | 17 | 14 | 86 | 2 | 1 | 39 | 46 | 48 | 41 | 48 | 45.3 | 39.0 | 39.4 | 30.3 | 41.8 | 30.2 | 25.8 | 19.9 | 31.0 | 17.0 | 9.0 | 6.4 | 7.7 | 14.8 | 7.2 | 1.6 | 5.5 | 1.6 | 1.7 | 0.8 | 0 |
| Total Current Liabilities | 209 | 231 | 235 | 210 | 192 | 226 | 215 | 199 | 204 | 184 | 200 | 180 | 179 | 193 | 177.2 | 164.0 | 161.3 | 166.1 | 142.9 | 130.4 | 132.1 | 121.7 | 162.9 | 40.0 | 21.0 | 22.7 | 21.1 | 26.5 | 19.0 | 16.9 | 16.6 | 16.4 | 14.3 | 12.7 | 0 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt | 100 | 99 | 98 | 97 | 48 | 48 | 47 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 164 | 178 | 152 | 159 | 166 | 157 | 425 | 138 | 140 | 142 | 145 | 144 | 145 | 23 | 16.2 | 14.7 | 13.9 | 5.3 | 10.2 | 0.5 | 10.2 | 10.2 | 5.2 | 4.1 | 4.2 | 4.5 | 4.9 | 5.3 | 5.7 | 6.1 | 6.4 | 6.8 | 7.2 | 5.3 | 0 |
| Total Non-Current Liabilities | 264 | 277 | 303 | 316 | 433 | 439 | 472 | 352 | 382 | 449 | 471 | 474 | 475 | 495 | 517.9 | 565.4 | 585.6 | 584.4 | 153.8 | 163.8 | 138.3 | 148.3 | 103.8 | 12.7 | 14.5 | 16.6 | 18.7 | 15.8 | 18.0 | 23.0 | 25.0 | 22.9 | 24.5 | 23.9 | 0 |
| Total Liabilities | 473 | 508 | 538 | 526 | 625 | 665 | 687 | 551 | 586 | 633 | 671 | 654 | 654 | 688 | 695.1 | 729.4 | 746.8 | 750.4 | 296.7 | 294.2 | 270.3 | 270.0 | 266.7 | 52.7 | 35.5 | 39.3 | 39.7 | 42.3 | 37.0 | 40.0 | 41.6 | 39.3 | 38.8 | 36.6 | 0 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||||
| Common Stock | 2,138 | 2,116 | 1,815 | 1,793 | 1,775 | 1,617 | 1,602 | 1,582 | 1,561 | 1,311 | 1,291 | 1,267 | 1,226 | 1,206 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 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 | (1,613) | (1,485) | (1,379) | (1,244) | (1,244) | (1,132) | (1,038) | (946) | (853) | (849) | (768) | (697) | (622) | (542) | (474.9) | (410.0) | (343.3) | (275.4) | (554.7) | (476.7) | (400.8) | (328.2) | (276.3) | (278.2) | (233.1) | (205.3) | (188.7) | (166.4) | (138.3) | (122.8) | (110.5) | (99.7) | (86.2) | (73.2) | 0 |
| Accumulated Other Comprehensive Income | (1) | 0 | 0 | 0 | 0 | 0 | 1 | (1) | (1) | 0 | (3) | (4) | (4) | (7) | (9.8) | (7.2) | (4.7) | (1.3) | (0.1) | (0.0) | (0.0) | 0.0 | 0.1 | 0.1 | 0.3 | 0.1 | 0.1 | 0.1 | 0.0 | (0.1) | (0.1) | (0.1) | (0.1) | (0.0) | (20.0) |
| Total Stockholders' Equity | 524 | 631 | 436 | 549 | 531 | 485 | 565 | 635 | 707 | 462 | 520 | 566 | 600 | 657 | 698.7 | 747.4 | 796.6 | 841.5 | 542.6 | 604.6 | 664.8 | 502.3 | 544.4 | 428.7 | 140.6 | 163.8 | 177.2 | 196.6 | 221.6 | 234.9 | 245.1 | 254.6 | 266.6 | 153.9 | 99.5 |
| Total Liabilities & Equity | 997 | 1,139 | 974 | 1,075 | 1,156 | 1,150 | 1,252 | 1,186 | 1,293 | 1,095 | 1,191 | 1,220 | 1,254 | 1,345 | 1,393.8 | 1,476.8 | 1,543.4 | 1,591.9 | 839.3 | 898.8 | 935.1 | 772.3 | 811.1 | 481.4 | 176.1 | 203.1 | 217.0 | 239.0 | 258.5 | 274.9 | 286.7 | 293.9 | 305.4 | 190.5 | 99.5 |
| Debt Metrics | |||||||||||||||||||||||||||||||||||
| Total Debt | 100 | 99 | 111 | 109 | 60 | 60 | 58 | 11 | 11 | 11 | 9 | 0 | 0 | 120 | 119.2 | 121.3 | 114.8 | 122.0 | 48.9 | 49.7 | 14.7 | 18.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | (101) | (123) | (127) | (139) | (132) | (90) | (143) | (145) | (174) | (116) | (175) | (230) | (238) | (86) | (98.5) | (151.3) | (434.0) | (25.9) | (130.5) | (270.7) | (375.6) | (155.3) | (221.8) | (285.2) | (67.3) | (57.9) | (79.0) | (76.1) | (68.5) | (71.1) | (74.9) | (170.0) | (198.1) | (98.4) | 98.9 |
| 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 | 2018 Q4 | 2018 Q3 | 2018 Q2 | 2018 Q1 | 2017 Q4 | 2017 Q3 | 2017 Q2 | 2017 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | (128) | (106) | (135) | 0 | (112) | (94) | (92) | (93) | (4) | (81) | (71) | (75) | (80) | (67.5) | (64.9) | (67) | (68.0) | 279.4 | (78.0) | (76.0) | (72.6) | (51.9) | 1.8 | (45.1) | (27.8) | (16.6) | (22.4) | (28.1) | (17.7) | (12.3) | (10.8) | (13.5) | (13.0) | (13.2) | (23.1) | (9.6) | (7.2) |
| Depreciation & Amortization | 2 | 3 | 2 | 2 | 3 | 3 | 2 | 2 | 3 | 5 | 1 | 2 | 4 | 3.4 | 3.6 | 2 | 3.4 | 2.5 | 1.6 | 0.8 | 0.8 | 1.8 | 1 | 0.9 | 1.0 | 0.9 | 0.9 | 0.9 | 1.0 | 0.9 | 1.0 | 0.9 | 0.8 | 0.8 | 0.7 | 0.6 | 0.5 |
| Stock-Based Compensation | 19 | 15 | 14 | 15 | 16 | 17 | 19 | 20 | 20 | 0 | 18 | 18 | 0 | 0 | 0 | 15 | 0 | 0 | 0 | 13.4 | 12.8 | 7.9 | 6.0 | 4.5 | 3.5 | 2.4 | 2.7 | 2.1 | 1.7 | 1.1 | 1.0 | 1.1 | 0.7 | 0.2 | 0.1 | 0.1 | 0.1 |
| Change in Working Capital | (31) | (30) | 21 | (148) | (37) | (23) | 101 | (19) | (37) | (24) | (9) | 0 | (38) | (20.5) | (34.8) | (18) | 697.5 | (360.3) | 6.7 | (13.7) | (8.3) | (8.0) | 207.5 | 15.8 | (7.7) | 4.3 | (8.4) | 5.7 | (1.5) | 3.6 | (2.1) | 1.8 | (1.9) | 27.8 | (2.2) | 1.9 | (3.0) |
| Other Non-Cash Items | 0 | (2) | 1 | (2) | (2) | (3) | (4) | (4) | 16 | 12 | 27 | (2) | 16 | 14.8 | 15.2 | 3 | 21.1 | 16.3 | 15.9 | 1.5 | 1.0 | 0.3 | (0.0) | (0.1) | (0.2) | (0.4) | (0.3) | (0.4) | (0.3) | (0.4) | (0.8) | (0.1) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) |
| Operating Cash Flow | (138) | (120) | (97) | (133) | (132) | (100) | 26 | (94) | (2) | (88) | (63) | (57) | (98) | (69.7) | (81.0) | (65) | 654.0 | (62.1) | (53.8) | (74.0) | (66.3) | (49.9) | 216.3 | (23.9) | (31.3) | (9.5) | (27.4) | (19.8) | (16.8) | (7.1) | (11.8) | (10.9) | (13.2) | 15.6 | (24.2) | (6.8) | (9.6) |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditure | 0 | (1) | 0 | 0 | (1) | (1) | (1) | 0 | (4) | (6) | (10) | (5) | (3) | (0.4) | (1.3) | (7) | (2.8) | (8.5) | (7.9) | (6.1) | (3.6) | (1.5) | (1.1) | (0.3) | (0.2) | (0.2) | (0.6) | (0.6) | (0.6) | (0.3) | (1.1) | (1.3) | (1.1) | (0.3) | (0.8) | (2.2) | (2.1) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (21) | 0 | 0 | 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 | (150) | (397) | (165) | (161) | (353) | (172) | (278) | (206) | (387) | (115) | (280) | (239) | (154) | (155.6) | (322.3) | (386) | (377.6) | (134.0) | (214.2) | (178.3) | (192.4) | (170.8) | (429.2) | (130.8) | (8.9) | (67.5) | (56.4) | (51.4) | (72.4) | (39.5) | (131.4) | (49.6) | (41.1) | (59.1) | (6.3) | (10.1) | (21.4) |
| Sales/Maturities of Investments | 264 | 216 | 244 | 298 | 386 | 224 | 250 | 269 | 222 | 149 | 301 | 270 | 286 | 203.0 | 344.3 | 178 | 112.3 | 161.4 | 133.4 | 187.4 | 258.9 | 172.0 | 43.2 | 44.0 | 49.1 | 55.6 | 87.3 | 78.7 | 87.3 | 42.3 | 49.2 | 34.8 | 25.6 | 17.3 | 19.8 | 9.1 | 7 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 | 0 | 0 | (0.2) | 2.8 | (6) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30.9 | 27.2 | 14.9 | 2.8 | (82.2) | (14.8) | (15.4) | (41.8) | 13.6 | (1.0) | (14.4) |
| Investing Cash Flow | 114 | (182) | 79 | 137 | 32 | 51 | (29) | 63 | (169) | 28 | 11 | 26 | 129 | 46.8 | 23.4 | (215) | (268.1) | 18.9 | (88.6) | 3.0 | 62.8 | (0.2) | (387.1) | (87.1) | 40.1 | (12.1) | 30.4 | 26.7 | 14.3 | 2.5 | (83.3) | (16.1) | (16.5) | (42.1) | 12.7 | (3.2) | (16.5) |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 49 | 0 | 0 | 47 | 0 | 0 | 0 | 0 | 0 | 0 | 5 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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) | 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 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 | (2) | 1 | (1) | 1 | 0 | 1 | 3 | 0 | 0 | 0 | 14 | 0 | 5 | 0 | 2.2 | 1.9 | 1.7 | 0.3 | 2.4 | 0.6 | (0.8) | 0.0 | 0.7 | 0 | 0.8 | (0.0) | 0.0 | 3.2 | 106.5 | 0 | 0 | 0.0 |
| Financing Cash Flow | 3 | 286 | 8 | 52 | 142 | (2) | 48 | 2 | 229 | 3 | 6 | 23 | 1 | 11.2 | 2.5 | 4 | 14.9 | 11.7 | 1.3 | 2.2 | 222.1 | 1.7 | 107.5 | 328.9 | 0.6 | 0.5 | (0.0) | 0.6 | (0.0) | 0.8 | (0.0) | (1.1) | 129.4 | 106.6 | 0.2 | 0.6 | 0.0 |
| Cash Position | |||||||||||||||||||||||||||||||||||||
| Net Change in Cash | (21) | (16) | (10) | 56 | 42 | (51) | 45 | (29) | 58 | (57) | (46) | (8) | 32 | (11.6) | (55.0) | (276) | 400.9 | (31.5) | (141.1) | (68.8) | 218.6 | (48.4) | (63.3) | 217.9 | 9.4 | (21.1) | 2.9 | 7.6 | (2.6) | (3.8) | (95.1) | (28.1) | 99.7 | 80.1 | (11.3) | (9.5) | (26.1) |
| Cash at Beginning | 225 | 241 | 251 | 192 | 153 | 204 | 159 | 185 | 130 | 184 | 233 | 241 | 206 | 217.6 | 272.6 | 552 | 147.9 | 179.4 | 320.5 | 392.2 | 173.6 | 222.1 | 285.4 | 67.5 | 58.1 | 79.2 | 76.3 | 68.7 | 71.3 | 74.9 | 170.0 | 198.1 | 98.4 | 18.3 | 29.6 | 39.1 | 65.2 |
| Cash at End | 204 | 225 | 241 | 248 | 195 | 153 | 204 | 156 | 188 | 127 | 187 | 233 | 238 | 206 | 217.6 | 276 | 548.8 | 147.9 | 179.4 | 323.5 | 392.2 | 173.6 | 222.1 | 285.4 | 67.5 | 58.1 | 79.2 | 76.3 | 68.7 | 71.1 | 74.9 | 170.0 | 198.1 | 98.4 | 18.3 | 29.6 | 39.1 |
| Free Cash Flow | (138) | (121) | (97) | (133) | (133) | (101) | 25 | (94) | (6) | (94) | (73) | (62) | (101) | (70.1) | (82.3) | (72) | 651.2 | (70.6) | (61.6) | (80.1) | (70.0) | (51.4) | 215.2 | (24.2) | (31.5) | (9.7) | (27.9) | (20.3) | (17.5) | (7.4) | (12.9) | (12.2) | (14.3) | 15.3 | (25.1) | (9.1) | (11.7) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 17 | 33 | 26 | 160 | 28 | 26 | 48 | 39 | 145 | 31 | 32 | 29 | 25 | 33.7 | 33 | 27 | 18 | 354.5 | 9.5 | 9.5 | 9.5 | 9.5 | 64.5 | 1.8 | 1.8 | 9.8 | 1.8 | 1.8 | 1.8 | 1.6 | 4.3 | 1.2 | 1.2 | 1.2 | 0.2 | 0 | 0 |
| Gross Profit | 15 | 30 | 24 | 160 | 28 | 26 | 48 | 39 | 145 | 31 | 32 | 29 | 25 | 33.7 | 33 | 27 | 18 | 354.5 | 9.5 | 9.5 | 9.5 | 9.5 | 64.5 | 1.8 | 1.8 | 9.8 | 1.8 | 1.8 | 1.8 | 1.6 | 4.3 | 1.2 | 1.2 | 1.2 | 0.2 | 0 | 0 |
| Operating Income | (134) | (114) | (142) | (8) | (122) | (103) | (105) | (106) | (16) | (91) | (80) | (83) | (86) | (74.4) | (70) | (69) | (67) | 281.3 | (78.1) | (76.1) | (72.7) | (52.0) | 1.6 | (45.4) | (28.4) | (17.5) | (23.2) | (29.2) | (18.8) | (13.5) | (12.1) | (15.9) | (13.3) | (13.3) | (23.1) | (9.7) | (7.3) |
| Net Income | (128) | (98) | (135) | (8) | (112) | (94) | (92) | (93) | (4) | (81) | (71) | (75) | (80) | (67.5) | (65) | (67) | (68) | 279.4 | (78.0) | (76.0) | (72.6) | (51.9) | 1.8 | (45.1) | (27.8) | (16.6) | (22.4) | (28.1) | (17.7) | (12.3) | (10.8) | (13.5) | (13.0) | (13.2) | (23.1) | (9.6) | (7.2) |
| EPS (Diluted) | -1.02 | -0.92 | -1.27 | 0.04 | -1.14 | -1.03 | -1.01 | -1.02 | -0.05 | -1.08 | -0.95 | -1.02 | -1.10 | -0.92 | -0.84 | -0.90 | -0.96 | 3.71 | -1.11 | -1.09 | -1.08 | -0.82 | 0.03 | -0.93 | -0.63 | -0.38 | -0.51 | -0.64 | -0.41 | -0.28 | -0.25 | -0.32 | -1.37 | -0.54 | -0.94 | -0.39 | -0.29 |
| Balance Sheet | |||||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 201 | 222 | 238 | 248 | 192 | 150 | 201 | 156 | 185 | 127 | 184 | 230 | 238 | 206 | 217.6 | 272.6 | 548.8 | 147.9 | 179.4 | 320.5 | 390.3 | 173.4 | 221.8 | 285.2 | 67.3 | 57.9 | 79.0 | 76.1 | 68.5 | 71.1 | 74.9 | 170.0 | 198.1 | 98.4 | (98.9) | ||
| Total Assets | 997 | 1,139 | 974 | 1,075 | 1,156 | 1,150 | 1,252 | 1,186 | 1,293 | 1,095 | 1,191 | 1,220 | 1,254 | 1,345 | 1,393.8 | 1,476.8 | 1,543.4 | 1,591.9 | 839.3 | 898.8 | 935.1 | 772.3 | 811.1 | 481.4 | 176.1 | 203.1 | 217.0 | 239.0 | 258.5 | 274.9 | 286.7 | 293.9 | 305.4 | 190.5 | 0 | ||
| Total Debt | 100 | 99 | 111 | 109 | 60 | 60 | 58 | 11 | 11 | 11 | 9 | 0 | 0 | 120 | 119.2 | 121.3 | 114.8 | 122.0 | 48.9 | 49.7 | 14.7 | 18.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Stockholders' Equity | 524 | 631 | 436 | 549 | 531 | 485 | 565 | 635 | 707 | 462 | 520 | 566 | 600 | 657 | 698.7 | 747.4 | 796.6 | 841.5 | 542.6 | 604.6 | 664.8 | 502.3 | 544.4 | 428.7 | 140.6 | 163.8 | 177.2 | 196.6 | 221.6 | 234.9 | 245.1 | 254.6 | 266.6 | 153.9 | 99.5 | ||
| Cash Flow | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (138) | (120) | (97) | (133) | (132) | (100) | 26 | (94) | (2) | (88) | (63) | (57) | (98) | (69.7) | (81.0) | (65) | 654.0 | (62.1) | (53.8) | (74.0) | (66.3) | (49.9) | 216.3 | (23.9) | (31.3) | (9.5) | (27.4) | (19.8) | (16.8) | (7.1) | (11.8) | (10.9) | (13.2) | 15.6 | (24.2) | (6.8) | (9.6) |
| Capital Expenditure | 0 | (1) | 0 | 0 | (1) | (1) | (1) | 0 | (4) | (6) | (10) | (5) | (3) | (0.4) | (1.3) | (7) | (2.8) | (8.5) | (7.9) | (6.1) | (3.6) | (1.5) | (1.1) | (0.3) | (0.2) | (0.2) | (0.6) | (0.6) | (0.6) | (0.3) | (1.1) | (1.3) | (1.1) | (0.3) | (0.8) | (2.2) | (2.1) |
| Free Cash Flow | (138) | (121) | (97) | (133) | (133) | (101) | 25 | (94) | (6) | (94) | (73) | (62) | (101) | (70.1) | (82.3) | (72) | 651.2 | (70.6) | (61.6) | (80.1) | (70.0) | (51.4) | 215.2 | (24.2) | (31.5) | (9.7) | (27.9) | (20.3) | (17.5) | (7.4) | (12.9) | (12.2) | (14.3) | 15.3 | (25.1) | (9.1) | (11.7) |