RKLB - Rocket Lab USA, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$116.13
DETAILS
HIGH:
$135.00
LOW:
$83.00
MEDIAN:
$120.00
CONSENSUS:
$116.13
UPSIDE:
80.35%
| 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 | 234.1 | 200.3 | 179.7 | 155.1 | 144.5 | 122.6 | 132.4 | 104.8 | 106.3 | 92.8 | 60.0 | 67.7 | 62.0 | 54.9 | 51.8 | 63.1 | 55.5 | 40.7 | 27.5 | 5.3 | 11.3 | 18.2 | 15.7 | 10.7 | 7.3 | 1.4 |
| Cost of Revenue | 149.5 | 123.9 | 111.4 | 97.8 | 98.1 | 87.3 | 95.6 | 76.8 | 79.1 | 68.6 | 44.5 | 52.7 | 47.5 | 48.5 | 49.9 | 54.6 | 50.5 | 37.0 | 20.8 | 17.7 | 8.8 | 16.8 | 19.8 | 12.6 | 9.5 | 5.1 |
| Gross Profit | 84.6 | 76.5 | 68.2 | 57.3 | 46.4 | 35.2 | 36.8 | 28.0 | 27.2 | 24.2 | 15.3 | 15.0 | 14.6 | 6.4 | 1.8 | 8.5 | 5.0 | 3.7 | 6.7 | (12.5) | 2.5 | 1.4 | (4.1) | (1.9) | (2.2) | (3.7) |
| Operating Expenses | ||||||||||||||||||||||||||
| R&D Expenses | 82.4 | 80.5 | 78.8 | 70.7 | 66.1 | 55.1 | 48.3 | 47.7 | 39.9 | 38.5 | 37.5 | 26.6 | 31.0 | 23.9 | 15.0 | 17.5 | 19.2 | 13.5 | 12.0 | 14.2 | 8.5 | 7.1 | 8.1 | 4.9 | 3.2 | 3.0 |
| SG&A Expenses | 59.7 | 51.9 | 40.5 | 45.6 | 39.9 | 39.3 | 40.1 | 32.2 | 30.5 | 28.7 | 25.7 | 27.2 | 28.7 | 28.5 | 24.0 | 23.0 | 19.0 | 23.1 | 19.0 | 25.7 | 7.1 | 6.6 | 6.6 | 6.1 | 5.8 | 5.5 |
| 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 |
| Operating Expenses | 142.1 | 132.5 | 119.3 | 116.3 | 106.0 | 94.4 | 88.4 | 79.9 | 70.4 | 67.3 | 63.2 | 53.8 | 59.8 | 52.4 | 39.1 | 40.5 | 38.1 | 36.6 | 31.0 | 39.8 | 15.6 | 13.7 | 14.7 | 11.0 | 9.0 | 8.5 |
| Operating Income | ||||||||||||||||||||||||||
| Operating Income | (57.5) | (56.0) | (51.0) | (59.0) | (59.6) | (59.2) | (51.5) | (51.9) | (43.3) | (43.1) | (47.9) | (38.9) | (45.2) | (46.0) | (37.2) | (32.0) | (33.2) | (32.8) | (24.3) | (52.3) | (13.1) | (12.3) | (18.8) | (12.8) | (11.2) | (12.2) |
| Interest Expense | 0.6 | 1.3 | 5.0 | 0.6 | 2.4 | 2.6 | 1.8 | 0.5 | 0.8 | 0.9 | 1.4 | 1.4 | 0.7 | 0.7 | 0.9 | 1.5 | 2.4 | 3.0 | 2.8 | 3.0 | 0.3 | 0.1 | 0 | 0.0 | 0 | 0 |
| Interest Income | 16.5 | 10.1 | 9.6 | 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 | 0.2 |
| Profitability | ||||||||||||||||||||||||||
| EBITDA | (22.4) | (30.7) | (21.9) | (47.2) | (52.3) | (50.1) | (40.8) | (42.4) | (33.6) | (35.0) | (39.9) | (30.0) | (37.6) | (37.4) | (39.0) | (23.6) | (29.4) | (13.2) | 2.8 | (84.1) | (13.5) | (9.9) | (15.9) | (10.1) | (8.8) | (10.8) |
| EBIT | (43.4) | (45.7) | (36.6) | (58.8) | (61.1) | (58.8) | (49.9) | (50.5) | (41.7) | (43.4) | (48.1) | (37.8) | (44.4) | (44.4) | (47.4) | (31.4) | (37.1) | (19.3) | (0.6) | (86.7) | (15.9) | (12.3) | (18.8) | (12.8) | (11.2) | (12.2) |
| Income Before Tax | (43.9) | (46.8) | (41.6) | (59.3) | (63.5) | (61.4) | (51.7) | (51.0) | (42.5) | (44.3) | (49.5) | (39.2) | (45.1) | (45.1) | (38.2) | (32.9) | (39.5) | (22.3) | (3.3) | (89.7) | (16.2) | (15.6) | (18.2) | (13.6) | (8.7) | (14.0) |
| Income Tax Expense | 5.3 | (1.8) | 11.3 | (41.1) | 2.9 | (0.8) | 0.7 | 0.9 | (0.9) | 0.0 | 1.0 | 1.4 | 0.8 | 0.5 | (1.0) | 1.7 | (2.1) | 4.4 | (6.5) | (1.7) | 0.4 | 0.3 | 0.7 | (1) | 0.5 | 0.3 |
| Net Income | (49.3) | (45.0) | (52.9) | (18.3) | (66.4) | (60.6) | (52.3) | (51.9) | (41.6) | (44.3) | (50.5) | (40.6) | (45.9) | (45.6) | (37.2) | (34.6) | (37.4) | (26.7) | 3.2 | (88.0) | (16.7) | (15.9) | (18.9) | (12.6) | (9.2) | (14.2) |
| Per Share Data | ||||||||||||||||||||||||||
| EPS (Basic) | -0.08 | -0.07 | -0.09 | -0.03 | -0.13 | -0.12 | -0.10 | -0.10 | -0.08 | -0.09 | -0.10 | -0.08 | -0.10 | -0.10 | -0.08 | -0.07 | -0.08 | -0.06 | 0.01 | -0.19 | -0.04 | -0.04 | -0.04 | -0.03 | -0.02 | -0.04 |
| EPS (Diluted) | -0.08 | -0.07 | -0.09 | -0.03 | -0.13 | -0.12 | -0.10 | -0.10 | -0.08 | -0.09 | -0.10 | -0.08 | -0.10 | -0.10 | -0.08 | -0.07 | -0.08 | -0.06 | 0.01 | -0.19 | -0.04 | -0.04 | -0.04 | -0.03 | -0.02 | -0.04 |
| Shares Outstanding | 629.7 | 605.4 | 572.5 | 528.7 | 515.1 | 505.6 | 501.7 | 497.7 | 494.2 | 490.0 | 487.0 | 484.0 | 479.7 | 476.2 | 473.6 | 469.8 | 464.7 | 456.5 | 452.2 | 452.2 | 447.9 | 447.9 | 447.9 | 447.9 | 413.9 | 404.0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||
| Cash & Cash Equivalents | 2,129.5 | 1,205.5 | 828.7 | 807.9 | 564.1 | 303.1 | 271.0 | 292.5 | 340.9 | 365.9 | 162.5 | 140.9 | 197.2 | 208.4 | 242.5 | 333.3 | 542.5 | 603.1 | 691.0 | 792.7 | 0.0 | 0.4 | 52.8 |
| Short-Term Investments | 172.7 | 177.9 | 187.9 | 168.9 | 124.1 | 125.2 | 147.9 | 149.9 | 155.8 | 126.6 | 82.3 | 147.5 | 144.0 | 190.4 | 229.3 | 169.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 235.9 | 175.2 | 123.0 | 120.6 | 136.2 | 122.5 | 111.5 | 83.0 | 83.1 | 59.4 | 61.8 | 52.2 | 52.4 | 74.0 | 47.5 | 71.8 | 48.9 | 42.5 | 19.0 | 13.4 | 0 | 0 | 10.6 |
| Inventory | 266.9 | 183.1 | 158.4 | 145.0 | 130.2 | 125.6 | 119.1 | 114.4 | 104.5 | 99.9 | 107.9 | 102.4 | 102.2 | 98.5 | 92.3 | 86.1 | 85.7 | 77.9 | 47.9 | 38.4 | 0 | 0 | 26.1 |
| Other Current Assets | (28.8) | 9.6 | 9.8 | 15.8 | 9.1 | 5.6 | 5.0 | 5.3 | 5.8 | 14.3 | 14.3 | 16.3 | 16.7 | 17.8 | 7.6 | 7.7 | 7 | 4.8 | 2.1 | 1.8 | 0 | 0 | 0.9 |
| Total Current Assets | 2,895.8 | 1,800.4 | 1,365.5 | 1,316.4 | 1,006.1 | 724.9 | 692.6 | 695.5 | 751.8 | 725.6 | 476.7 | 506.2 | 560.2 | 635.3 | 662.3 | 699.5 | 706.4 | 746.2 | 774.8 | 855.0 | 0.3 | 0.8 | 93.1 |
| Non-Current Assets | |||||||||||||||||||||||
| Property, Plant & Equipment | 520.0 | 448.7 | 423.7 | 382.9 | 334.6 | 280.4 | 262.9 | 239.5 | 225.8 | 219.8 | 219.8 | 196.0 | 182.9 | 146.3 | 152.4 | 141.5 | 144.3 | 149.1 | 93.8 | 80.2 | 0 | 0 | 76.7 |
| Goodwill | 299.1 | 208.7 | 205.8 | 217.7 | 71.0 | 71.0 | 71.0 | 71.0 | 71.0 | 71.0 | 71.0 | 71.0 | 71.0 | 71.0 | 71.0 | 59.9 | 58.3 | 58.8 | 43.3 | 3.2 | 0 | 0 | 3.1 |
| Intangible Assets | 320.4 | 220.6 | 224.7 | 232.0 | 53.9 | 56.2 | 58.6 | 61.6 | 64.2 | 66.8 | 68.1 | 70.4 | 73.3 | 76.5 | 79.7 | 83.0 | 84.5 | 87.6 | 57.5 | 9.9 | 0 | 0 | 11.3 |
| Long-Term Investments | 117.0 | 93.5 | 82.2 | 46.2 | 61.2 | 83.9 | 60.7 | 61.3 | 46.4 | 68.6 | 79.2 | 82.0 | 73.9 | 47.9 | 9.2 | 9.8 | 0 | 0 | 0 | 0 | 320.0 | 320.0 | 0 |
| Other Non-Current Assets | 34.1 | 47.2 | 20.6 | 26.2 | 24.4 | 34.8 | 35.5 | 22.7 | 27.7 | 26.7 | 22.8 | 21.6 | 16.5 | 10.4 | 10.7 | 4.5 | 6.8 | 8.6 | 5.7 | 1.1 | 0 | 0 | 1.1 |
| Total Non-Current Assets | 1,291.6 | 1,019.6 | 958.9 | 905.0 | 547.1 | 530.1 | 491.7 | 457.5 | 436.8 | 456.3 | 464.5 | 444.3 | 421.3 | 355.7 | 326.8 | 301.9 | 298.3 | 311.3 | 206.1 | 100.4 | 320.0 | 320.0 | 94.8 |
| Total Assets | 4,187.4 | 2,819.9 | 2,324.5 | 2,221.4 | 1,553.2 | 1,255.0 | 1,184.3 | 1,153.0 | 1,188.6 | 1,181.9 | 941.2 | 950.5 | 981.5 | 990.9 | 989.1 | 1,001.4 | 1,004.8 | 1,057.5 | 980.8 | 955.4 | 320.3 | 320.8 | 187.9 |
| Current Liabilities | |||||||||||||||||||||||
| Account Payables | 74.5 | 63.1 | 72.7 | 61.2 | 71.0 | 70.2 | 53.1 | 42.4 | 26.5 | 26.0 | 29.3 | 25.0 | 25.9 | 22.9 | 12.1 | 13.3 | 14.2 | 15.1 | 3.5 | 2.2 | 0 | 0 | 3.4 |
| Short-Term Debt | 0 | 0 | 0 | 17.1 | 16.5 | 20.5 | 12.0 | 11.8 | 11.3 | 11.0 | 17.8 | 105.1 | 104.4 | 2.9 | 2.9 | 2.9 | 2.9 | 2.8 | 2.8 | 2.8 | 0 | 0 | 0 |
| Deferred Revenue | 351.2 | 241.4 | 195.4 | 208.2 | 223.4 | 206.9 | 216.2 | 167.1 | 184.0 | 150.5 | 139.3 | 133.8 | 134.6 | 125.6 | 108.3 | 112.6 | 90.7 | 97.1 | 59.7 | 51.2 | 0 | 0 | 26.1 |
| Other Current Liabilities | 29.2 | 23.6 | 21.2 | 27.8 | 18.4 | 16.5 | 18.0 | 20.5 | 18.7 | 21.9 | 15.0 | 18.9 | 20.5 | 24.9 | 22.2 | 14.4 | 11.3 | 18.3 | 11.0 | 7.7 | 2.4 | 1.7 | 7.8 |
| Total Current Liabilities | 528.2 | 402.3 | 334.5 | 414.5 | 376.5 | 348.1 | 339.5 | 269.2 | 266.4 | 232.5 | 223.4 | 303.8 | 305.9 | 197.3 | 162.9 | 161.3 | 144.1 | 173.4 | 96.3 | 76.7 | 2.4 | 1.7 | 48.4 |
| Non-Current Liabilities | |||||||||||||||||||||||
| Long-Term Debt | 14.8 | 38.6 | 154.1 | 398.3 | 400.2 | 403.7 | 389.4 | 391.8 | 394.4 | 396.5 | 87.6 | 0 | 0 | 100.7 | 100.0 | 99.3 | 98.6 | 98.0 | 97.3 | 96.6 | 124.7 | 0 | 0 |
| Deferred Tax Liabilities | 10.1 | 1.4 | 1.2 | 3.0 | 1.2 | 1.0 | 0.9 | 0.7 | 0.6 | 0.5 | 0.4 | 0.3 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 | 0.5 | 0.5 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 23.2 | 13.2 | 13.0 | 23.4 | 5.5 | 5.3 | 5.1 | 4.5 | 4.0 | 4.2 | 3.9 | 3.6 | 5.7 | 3.4 | 3.0 | 2.6 | 2.4 | 4.9 | 60.0 | 82.0 | (67.4) | 57.4 | 278.9 |
| Total Non-Current Liabilities | 167.0 | 153.2 | 268.1 | 526.0 | 488.3 | 475.6 | 462.4 | 464.0 | 467.0 | 470.5 | 163.3 | 60.9 | 64.5 | 153.6 | 153.0 | 149.2 | 147.2 | 151.5 | 186.1 | 204.5 | 57.3 | 57.4 | 306.2 |
| Total Liabilities | 695.2 | 555.6 | 602.6 | 940.4 | 864.7 | 823.7 | 801.9 | 733.2 | 733.4 | 703.0 | 386.7 | 364.7 | 370.4 | 350.9 | 315.9 | 310.5 | 291.3 | 324.9 | 282.4 | 281.3 | 59.7 | 59.1 | 354.6 |
| Stockholders' Equity | |||||||||||||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 320.0 | 256.7 | 0.0 |
| Retained Earnings | (1,106.2) | (1,056.9) | (1,011.9) | (959.0) | (940.7) | (874.3) | (813.7) | (761.4) | (709.4) | (667.8) | (623.5) | (573.0) | (532.5) | (486.6) | (441.0) | (403.7) | (369.1) | (331.7) | (305.0) | (308.2) | (59.4) | (35.9) | (187.7) |
| Accumulated Other Comprehensive Income | (8.6) | (3.0) | (2.0) | (2.1) | 0.7 | (2.4) | (2.8) | 2.3 | (0.8) | (1.8) | 1.5 | (2.4) | (1.8) | 0.6 | 1.1 | (4.4) | 1.2 | 2.2 | 1.3 | 1.1 | 2.1 | 0 | 1.1 |
| Total Stockholders' Equity | 3,492.2 | 2,264.4 | 1,721.9 | 1,281.0 | 688.5 | 431.3 | 382.5 | 419.8 | 455.2 | 478.9 | 554.5 | 585.8 | 611.0 | 640.0 | 673.2 | 690.8 | 713.5 | 732.6 | 698.4 | 674.1 | 260.6 | 261.7 | (166.7) |
| Total Liabilities & Equity | 4,187.4 | 2,819.9 | 2,324.5 | 2,221.4 | 1,553.2 | 1,255.0 | 1,184.3 | 1,153.0 | 1,188.6 | 1,181.9 | 941.2 | 950.5 | 981.5 | 990.9 | 989.1 | 1,001.4 | 1,004.8 | 1,057.5 | 980.8 | 955.4 | 320.3 | 320.8 | 187.9 |
| Debt Metrics | |||||||||||||||||||||||
| Total Debt | 133.7 | 138.7 | 254.0 | 516.6 | 498.1 | 489.7 | 468.4 | 470.5 | 473.8 | 476.8 | 176.7 | 162.1 | 162.9 | 153.0 | 152.8 | 149.5 | 147.6 | 148.9 | 128.4 | 125.3 | 124.7 | 0 | 27.3 |
| Net Debt | (1,995.8) | (1,066.8) | (574.7) | (291.3) | (65.9) | 186.5 | 197.4 | 178.0 | 132.8 | 110.9 | 14.2 | 21.2 | (34.2) | (55.4) | (89.7) | (183.8) | (394.9) | (454.2) | (562.5) | (667.3) | 124.7 | (0.4) | (25.5) |
| 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 | (49.3) | (45.0) | (52.9) | (18.3) | (66.4) | (60.6) | (52.3) | (51.9) | (41.6) | (44.3) | (50.5) | (40.6) | (45.9) | (45.6) | (37.2) | (34.6) | (37.4) | (26.7) | 3.2 | (88.0) | (16.7) | (15.9) | (18.9) | (12.6) | (9.2) | (14.2) |
| Depreciation & Amortization | 20.9 | 15.0 | 14.7 | 11.7 | 8.8 | 8.7 | 9.1 | 8.1 | 8.1 | 8.3 | 8.2 | 7.8 | 6.8 | 7.0 | 8.4 | 7.9 | 7.6 | 6.1 | 3.4 | 2.6 | 2.5 | 2.4 | 2.9 | 2.7 | 2.3 | 1.3 |
| Stock-Based Compensation | 19.6 | 28.1 | 18.2 | 15.7 | 17.9 | 19.2 | 16.9 | 12.9 | 14.0 | 13.1 | 10.1 | 14.1 | 15.3 | 14.0 | 12.3 | 14.5 | 16.9 | 12.0 | 8.4 | 21.8 | 1.3 | 1.1 | 1.1 | 1.2 | 1.1 | 0.8 |
| Change in Working Capital | 24.6 | (51.8) | (44.8) | 12.2 | 10.6 | (22.8) | 24.4 | (0.7) | 4.3 | 17.8 | (12.9) | (8.2) | 15.9 | (2.1) | (2.0) | (12.9) | (26.2) | (6.6) | (8.5) | 18.3 | (10.9) | (6.9) | 4.8 | (5.4) | 0.7 | (11.8) |
| Other Non-Cash Items | (127.4) | 2.2 | (2.2) | (10.4) | 3.9 | 1.8 | 1.2 | 0.5 | 0.4 | 2.4 | 2.9 | 1.2 | 2.1 | 0.9 | 1.3 | 1.3 | (1.0) | (9.6) | (22.2) | 35.1 | 3.3 | 3.9 | 3.4 | 4.8 | 0.7 | 16.2 |
| Operating Cash Flow | (111.3) | (50.3) | (64.5) | (23.5) | (23.2) | (54.2) | (2.4) | (30.9) | (13) | (2.6) | (42.2) | (25.2) | (6.1) | (25.4) | (18.9) | (23.0) | (38.3) | (26.3) | (21.9) | (13.3) | (21.1) | (15.5) | (6.3) | (9.3) | (4.4) | (7.7) |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditure | (26.0) | (27.1) | (49.7) | (45.9) | (32.0) | (28.7) | (21.6) | (11.0) | (15.3) | (19.2) | (10.4) | (21.0) | (10.6) | (12.7) | (15.0) | (8.3) | (12.8) | (6.2) | (14.3) | (5.7) | (1.7) | (4.0) | (7.3) | (2.2) | (9.2) | (6.4) |
| Acquisitions | (37.0) | (7.3) | 0 | (132.4) | 0.1 | 0 | 0 | (10.8) | 0 | 0 | 1.6 | (0.8) | (16.1) | 0 | 0 | (0.8) | 0.5 | (65.6) | (66.4) | 0 | 0 | 0 | 0 | 0 | (12.2) | 0 |
| Purchases of Investments | (59.1) | (91.3) | (87.6) | (60.0) | (44.8) | (84.6) | (12.6) | (38.5) | (33.9) | (79.4) | (73.6) | (75.3) | (55.6) | (76.4) | (79.7) | (179.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 71.6 | 90.0 | 33.0 | 30.3 | 68.2 | 84.7 | 15.5 | 29.0 | 27.6 | 46.3 | 70.0 | 65.2 | 76.1 | 78.1 | 21.5 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 1.6 | 0 | 0.1 | 0.8 | 1.1 | 0.0 | 0.8 | 14.0 | 10.8 | 0 | 73.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (48.9) | (35.7) | (104.1) | (207.2) | (7.4) | (28.6) | (17.9) | (17.3) | (10.8) | (52.3) | 61.2 | (32.0) | (6.2) | (11.0) | (73.2) | (188.7) | (12.3) | (71.8) | (80.7) | (5.7) | (1.7) | (4.0) | (7.3) | (2.2) | (21.4) | (6.4) |
| Financing Activities | ||||||||||||||||||||||||||
| Net Debt Issuance | 0 | (0.1) | (72.9) | (2.2) | (8.4) | 22.0 | (2.9) | (2.8) | (3.0) | 311.7 | 2.3 | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.1) | (0.0) | 0 | 0 | 98.9 | 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 | (30.4) | 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 | 1,060.1 | (39.8) | (47.8) | (35.9) | (4.9) | 0.7 | 3.1 | 2.4 | 1.2 | (53.0) | 0.2 | 0.9 | 2.0 | 2.1 | 0.6 | 2.2 | (14.9) | 14.5 | (2.2) | 734.8 | (1.9) | (0.1) | 0.6 | 0.3 | 20.5 | 0.0 |
| Financing Cash Flow | 708.6 | 463.3 | 189.5 | 475.7 | 290.5 | 115.5 | 0.2 | (0.4) | (1.8) | 258.7 | 2.5 | 0.9 | 1.9 | 2.1 | 0.5 | 2.1 | (15.0) | 14.4 | (1.8) | 704.4 | 97.0 | 0.4 | 0.6 | 0.3 | 20.5 | 0.0 |
| Cash Position | ||||||||||||||||||||||||||
| Net Change in Cash | 548.2 | 376.8 | 20.8 | 243.7 | 260.7 | 32.9 | (21.5) | (47.8) | (25.2) | 203.3 | 21.9 | (56.3) | (10.9) | (34.2) | (90.4) | (210.3) | (61.1) | (84.3) | (101.7) | 684.7 | 73.7 | (18.6) | (12.5) | (11.7) | (4.9) | (14.6) |
| Cash at Beginning | 1,205.5 | 828.7 | 812.7 | 569.0 | 308.3 | 275.3 | 296.8 | 344.6 | 369.8 | 166.4 | 144.5 | 200.8 | 211.7 | 245.9 | 336.3 | 546.6 | 607.8 | 692.1 | 793.8 | 109.0 | 35.3 | 53.9 | 66.5 | 78.2 | 83.1 | 97.7 |
| Cash at End | 1,753.7 | 1,205.5 | 833.5 | 812.7 | 569.0 | 308.3 | 275.3 | 296.8 | 344.6 | 369.8 | 166.4 | 144.5 | 200.8 | 211.7 | 245.9 | 336.3 | 546.6 | 607.8 | 692.1 | 793.8 | 109.0 | 35.3 | 53.9 | 66.5 | 78.2 | 83.1 |
| Free Cash Flow | (137.3) | (77.4) | (114.2) | (69.4) | (55.3) | (82.9) | (23.9) | (41.9) | (28.3) | (21.8) | (52.6) | (46.2) | (16.6) | (38.1) | (33.9) | (31.3) | (51.1) | (32.6) | (36.2) | (19.0) | (22.8) | (19.5) | (13.7) | (11.5) | (13.6) | (14.1) |
| 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 | 234.1 | 200.3 | 179.7 | 155.1 | 144.5 | 122.6 | 132.4 | 104.8 | 106.3 | 92.8 | 60.0 | 67.7 | 62.0 | 54.9 | 51.8 | 63.1 | 55.5 | 40.7 | 27.5 | 5.3 | 11.3 | 18.2 | 15.7 | 10.7 | 7.3 | 1.4 |
| Gross Profit | 84.6 | 76.5 | 68.2 | 57.3 | 46.4 | 35.2 | 36.8 | 28.0 | 27.2 | 24.2 | 15.3 | 15.0 | 14.6 | 6.4 | 1.8 | 8.5 | 5.0 | 3.7 | 6.7 | (12.5) | 2.5 | 1.4 | (4.1) | (1.9) | (2.2) | (3.7) |
| Operating Income | (57.5) | (56.0) | (51.0) | (59.0) | (59.6) | (59.2) | (51.5) | (51.9) | (43.3) | (43.1) | (47.9) | (38.9) | (45.2) | (46.0) | (37.2) | (32.0) | (33.2) | (32.8) | (24.3) | (52.3) | (13.1) | (12.3) | (18.8) | (12.8) | (11.2) | (12.2) |
| Net Income | (49.3) | (45.0) | (52.9) | (18.3) | (66.4) | (60.6) | (52.3) | (51.9) | (41.6) | (44.3) | (50.5) | (40.6) | (45.9) | (45.6) | (37.2) | (34.6) | (37.4) | (26.7) | 3.2 | (88.0) | (16.7) | (15.9) | (18.9) | (12.6) | (9.2) | (14.2) |
| EPS (Diluted) | -0.08 | -0.07 | -0.09 | -0.03 | -0.13 | -0.12 | -0.10 | -0.10 | -0.08 | -0.09 | -0.10 | -0.08 | -0.10 | -0.10 | -0.08 | -0.07 | -0.08 | -0.06 | 0.01 | -0.19 | -0.04 | -0.04 | -0.04 | -0.03 | -0.02 | -0.04 |
| Balance Sheet | ||||||||||||||||||||||||||
| Cash & Equivalents | 2,129.5 | 1,205.5 | 828.7 | 807.9 | 564.1 | 303.1 | 271.0 | 292.5 | 340.9 | 365.9 | 162.5 | 140.9 | 197.2 | 208.4 | 242.5 | 333.3 | 542.5 | 603.1 | 691.0 | 792.7 | 0.0 | 0.4 | 52.8 | |||
| Total Assets | 4,187.4 | 2,819.9 | 2,324.5 | 2,221.4 | 1,553.2 | 1,255.0 | 1,184.3 | 1,153.0 | 1,188.6 | 1,181.9 | 941.2 | 950.5 | 981.5 | 990.9 | 989.1 | 1,001.4 | 1,004.8 | 1,057.5 | 980.8 | 955.4 | 320.3 | 320.8 | 187.9 | |||
| Total Debt | 133.7 | 138.7 | 254.0 | 516.6 | 498.1 | 489.7 | 468.4 | 470.5 | 473.8 | 476.8 | 176.7 | 162.1 | 162.9 | 153.0 | 152.8 | 149.5 | 147.6 | 148.9 | 128.4 | 125.3 | 124.7 | 0 | 27.3 | |||
| Stockholders' Equity | 3,492.2 | 2,264.4 | 1,721.9 | 1,281.0 | 688.5 | 431.3 | 382.5 | 419.8 | 455.2 | 478.9 | 554.5 | 585.8 | 611.0 | 640.0 | 673.2 | 690.8 | 713.5 | 732.6 | 698.4 | 674.1 | 260.6 | 261.7 | (166.7) | |||
| Cash Flow | ||||||||||||||||||||||||||
| Operating Cash Flow | (111.3) | (50.3) | (64.5) | (23.5) | (23.2) | (54.2) | (2.4) | (30.9) | (13) | (2.6) | (42.2) | (25.2) | (6.1) | (25.4) | (18.9) | (23.0) | (38.3) | (26.3) | (21.9) | (13.3) | (21.1) | (15.5) | (6.3) | (9.3) | (4.4) | (7.7) |
| Capital Expenditure | (26.0) | (27.1) | (49.7) | (45.9) | (32.0) | (28.7) | (21.6) | (11.0) | (15.3) | (19.2) | (10.4) | (21.0) | (10.6) | (12.7) | (15.0) | (8.3) | (12.8) | (6.2) | (14.3) | (5.7) | (1.7) | (4.0) | (7.3) | (2.2) | (9.2) | (6.4) |
| Free Cash Flow | (137.3) | (77.4) | (114.2) | (69.4) | (55.3) | (82.9) | (23.9) | (41.9) | (28.3) | (21.8) | (52.6) | (46.2) | (16.6) | (38.1) | (33.9) | (31.3) | (51.1) | (32.6) | (36.2) | (19.0) | (22.8) | (19.5) | (13.7) | (11.5) | (13.6) | (14.1) |