RLAY - Relay Therapeutics, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$26.25
DETAILS
HIGH:
$31.00
LOW:
$18.00
MEDIAN:
$27.50
CONSENSUS:
$26.25
UPSIDE:
51.82%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||
| Revenue | 0.3 | 3 | 7 | 0 | 0.7 | 7.7 | 0 | 0 | 0 | 10.0 | (0.0) | 25.2 | 0.1 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.6 | 0.7 | 0.8 | 1.0 | 82.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0 | 0.5 | 0.6 | 67.9 | 61.5 | 0 | 64.4 | 76.6 | 92.0 | 82.4 | 73.9 | 81.5 | 88.2 | 82.8 | 63.9 | 66.9 | 60.5 | 51.7 | 51.1 | 44.2 | 45.1 | 30.6 | 0.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0.3 | 2.5 | 6.4 | (67.9) | (60.8) | 7.7 | (64.4) | (76.6) | (92.0) | (72.4) | (73.9) | (56.3) | (88.1) | (82.6) | (63.7) | (66.6) | (60.1) | (51.2) | (50.5) | (43.5) | (44.3) | (29.7) | 81.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | ||||||||||||||||||||||||||||||
| R&D Expenses | 76.5 | 70.6 | 55.4 | 68.3 | 63.9 | 73.8 | 68.1 | 76.6 | 92.0 | 82.4 | 77.5 | 81.5 | 88.2 | 82.8 | 67.3 | 66.9 | 60.5 | 51.7 | 51.9 | 45.0 | 168.1 | 30.6 | 31.4 | 24.4 | 21.7 | 21.7 | 22.4 | 18.3 | 16.4 | 13.3 |
| SG&A Expenses | 14.7 | 11.0 | 13.0 | 12.5 | 13.8 | 18.7 | 20.6 | 19.8 | 20.1 | 19.8 | 20.4 | 18.5 | 20.1 | 19.6 | 19.7 | 16.1 | 17.5 | 16.1 | 15.5 | 15.5 | 14.4 | 12.7 | 15.3 | 12.2 | 6.1 | 4.8 | 3.4 | 3.7 | 3.5 | 3.1 |
| Other Expenses | 0 | (0.5) | (1.3) | (68.3) | (61.6) | 0 | (68.1) | (76.6) | (103.4) | (84.2) | (79.6) | (82.7) | (90.4) | (83.8) | (77.8) | (63.6) | (60.3) | (56.3) | (50.2) | (43.0) | (33.3) | (30.6) | 0 | 0 | 0 | 0 | 0 | (0.0) | 0 | (0.1) |
| Operating Expenses | 91.2 | 81.1 | 67.0 | 12.5 | 16.1 | 92.5 | 20.6 | 19.8 | 8.8 | 18.0 | 18.3 | 17.3 | 18.0 | 18.6 | 9.2 | 19.3 | 17.7 | 11.5 | 17.2 | 17.5 | 149.3 | 12.7 | 46.8 | 36.6 | 27.7 | 26.5 | 25.8 | 21.9 | 19.9 | 16.4 |
| Operating Income | ||||||||||||||||||||||||||||||
| Operating Income | (90.8) | (78.6) | (60.6) | (80.4) | (76.8) | (84.9) | (85.0) | (96.4) | (100.8) | (90.4) | (92.2) | (73.6) | (106.0) | (101.2) | (72.9) | (85.9) | (77.8) | (62.7) | (67.7) | (61.0) | (193.6) | (42.4) | 35.0 | (36.6) | (27.7) | (26.5) | (25.8) | (21.9) | (19.9) | (16.4) |
| Interest 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 |
| Interest Income | 7.1 | 5.4 | 5.7 | 6.4 | 7.1 | 7.8 | 9.0 | 8.3 | 8.5 | 9.0 | 8.7 | 7.8 | 7.6 | 6.9 | 5.4 | 1.7 | 1.0 | 0.7 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.5 | 1.0 | 1.6 | 1.9 | 2.2 | 2.4 | 2.3 |
| Profitability | ||||||||||||||||||||||||||||||
| EBITDA | (83.3) | (72.8) | (54.3) | (73.4) | (69.4) | (75.9) | (74.7) | (86.7) | (110.8) | (90.8) | (92.9) | (73.4) | (106.9) | (101.0) | (82.2) | (81.6) | (76.7) | (66.3) | (65.0) | (58.0) | (57.8) | (41.5) | 36.2 | (35.7) | (26.9) | (25.6) | (25.0) | (21.3) | (19.2) | (15.7) |
| EBIT | (83.7) | (73.3) | (54.9) | (74.1) | (70.4) | (77.1) | (76.0) | (88.1) | (112.1) | (92.2) | (94.3) | (74.8) | (108.2) | (102.2) | (83.4) | (82.6) | (77.6) | (67.3) | (66.0) | (59.0) | (58.7) | (42.4) | 35.3 | (36.6) | (27.7) | (26.5) | (25.8) | (21.9) | (19.9) | (16.4) |
| Income Before Tax | (83.7) | (73.3) | (54.9) | (74.1) | (70.4) | (77.1) | (76.0) | (88.1) | (92.2) | (81.4) | (83.5) | (65.7) | (98.5) | (94.2) | (67.5) | (84.2) | (76.8) | (62.0) | (67.5) | (60.8) | (193.4) | (42.2) | 35.3 | (36.1) | (26.7) | (24.9) | (23.9) | (19.7) | (17.5) | (14.2) |
| 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 |
| Net Income | (83.7) | (73.3) | (54.9) | (74.1) | (70.4) | (77.1) | (76.0) | (88.1) | (92.2) | (81.4) | (83.5) | (65.7) | (98.5) | (94.2) | (67.5) | (84.2) | (76.8) | (62.0) | (67.5) | (60.8) | (193.4) | (42.2) | 35.3 | (36.1) | (26.7) | (24.9) | (23.9) | (19.7) | (17.5) | (14.2) |
| Per Share Data | ||||||||||||||||||||||||||||||
| EPS (Basic) | -0.41 | -0.41 | -0.32 | -0.43 | -0.41 | -0.46 | -0.45 | -0.63 | -0.69 | -0.62 | -0.68 | -0.54 | -0.81 | -0.72 | -0.36 | -0.79 | -0.71 | -0.48 | -0.66 | -0.66 | -2.10 | -0.47 | 0.50 | -0.51 | -6.06 | -5.99 | -6.24 | -5.53 | -5.28 | -4.59 |
| EPS (Diluted) | -0.41 | -0.41 | -0.32 | -0.43 | -0.41 | -0.46 | -0.45 | -0.63 | -0.69 | -0.62 | -0.68 | -0.54 | -0.81 | -0.72 | -0.36 | -0.79 | -0.71 | -0.48 | -0.66 | -0.66 | -2.10 | -0.47 | 0.50 | -0.51 | -6.06 | -5.99 | -6.24 | -5.53 | -5.28 | -4.59 |
| Shares Outstanding | 202.8 | 179.8 | 171.6 | 172.4 | 171.3 | 169.2 | 167.3 | 140.2 | 132.8 | 130.8 | 122.6 | 122.2 | 121.7 | 121.3 | 121.0 | 110.9 | 108.6 | 108.3 | 102.7 | 92.7 | 91.9 | 90.2 | 89.9 | 71.2 | 4.4 | 4.2 | 3.8 | 3.6 | 3.3 | 3.1 |
| 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 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 121.2 | 204.6 | 84.0 | 91.6 | 113.9 | 93.5 | 124.3 | 152.4 | 134.1 | 152.9 | 143.7 | 151.3 | 145.9 | 161.3 | 151.8 | 354.6 | 107.7 | 119.4 | 280.1 | 228.6 | 260.1 | 262.7 | 447.6 | 559.3 | 137.1 | 70.3 | 42.0 | (421.5) |
| Short-Term Investments | 789.7 | 437.5 | 470.5 | 504.9 | 542.8 | 616.8 | 657.0 | 687.3 | 554.3 | 596.7 | 606.4 | 659.3 | 725.7 | 776.5 | 847.1 | 699.1 | 730.3 | 778.7 | 678.0 | 387.9 | 411.2 | 463.4 | 230.4 | 154.2 | 175.2 | 263.9 | 313.9 | 843.0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.1 | 5.2 | 5.2 | 5.1 | 5.1 | 4.9 | 4.9 | 5.1 | 4.5 | 8.6 | 82.7 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.3 | 12.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 8.4 | 4.6 | 6.0 | 3.7 | 7.6 | 7.4 | 10.5 | 6.8 | 5.7 | 7.3 | 3.3 | 3.7 | 3.4 | 4.1 | 3.3 | 11.6 | 0 | 0 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 928.1 | 658.5 | 578.3 | 624.0 | 680.4 | 739.7 | 809.2 | 865.1 | 704.3 | 770.1 | 770.1 | 831.8 | 884.3 | 958.4 | 1,019.5 | 1,087.3 | 855.8 | 915.8 | 976.2 | 639.3 | 681.3 | 742.4 | 770.1 | 721.9 | 315.9 | 338.7 | 360.5 | 421.5 |
| Non-Current Assets | ||||||||||||||||||||||||||||
| Property, Plant & Equipment | 38.0 | 39.8 | 41.7 | 43.7 | 46.2 | 55.3 | 57.7 | 60.6 | 63.3 | 66.3 | 68.9 | 70.2 | 72.7 | 74.3 | 75.4 | 76.5 | 28.8 | 29.2 | 27.3 | 27.5 | 28.2 | 28.0 | 28.8 | 29.0 | 30.2 | 30.7 | 31.7 | 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 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 2.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.3 | 1.3 | 1.3 | 0 | 0 | 0 | 0 | 2.1 | 2.7 | 0 | 0 | 0 | 0 | 2.6 | 2.6 | 0 | 2.6 | 0 | 2.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 0 | 0 | 2.3 | 2.3 | 2.1 | 2.1 | 0 | 2.7 | 2.7 | 2.7 | 2.7 | 2.7 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 2.6 | 0.9 | 0.9 | 0.9 | 2.0 | 0.9 | 0.9 | (421.5) |
| Total Non-Current Assets | 39.4 | 41.2 | 43.1 | 46.0 | 48.4 | 59.7 | 62.1 | 65.0 | 68.3 | 71.3 | 73.9 | 75.2 | 77.7 | 79.2 | 80.3 | 81.4 | 33.6 | 34.1 | 32.2 | 32.4 | 33.1 | 28.9 | 29.7 | 29.8 | 32.2 | 31.6 | 32.5 | (421.5) |
| Total Assets | 967.5 | 699.6 | 621.3 | 670 | 728.8 | 799.4 | 871.3 | 930.1 | 772.5 | 841.4 | 844.0 | 907.0 | 962.0 | 1,037.6 | 1,099.8 | 1,168.7 | 889.4 | 949.9 | 1,008.4 | 671.6 | 714.4 | 771.3 | 799.8 | 751.7 | 348.0 | 370.3 | 393.1 | 0 |
| Current Liabilities | ||||||||||||||||||||||||||||
| Account Payables | 11.5 | 4.1 | 7.7 | 2.8 | 5.2 | 8.4 | 14.1 | 6.9 | 11.2 | 8.0 | 9.2 | 13.4 | 14.8 | 11.8 | 10.6 | 9.5 | 4.3 | 8.1 | 8.3 | 6.3 | 7.9 | 5.6 | 6.4 | 4.6 | 2.8 | 4.0 | 7.0 | 0 |
| Short-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 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 7.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.2 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1.3 | 0.8 | 0.5 | 1.1 | 0.6 | 1.7 | 2.1 | 1.4 | 0.8 | 1.7 | 1.2 | 1.1 | 25.3 | 26.1 | 26.2 | 26.9 | 15.4 | 16.3 | 1.0 | 0.3 | 0.4 | 0 | 0.2 | 0 | 0 | 0.2 | 0.3 | 0 |
| Total Current Liabilities | 50.8 | 29.8 | 25.6 | 32.6 | 32.5 | 37.1 | 50.7 | 47.0 | 45.0 | 37.1 | 30.3 | 50.7 | 71.6 | 70.5 | 63.7 | 71.4 | 43.9 | 41.7 | 24.3 | 28.5 | 25.4 | 16.1 | 13.6 | 15.7 | 12.8 | 11.5 | 12.0 | 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 | 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 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.4 | 13.2 | 28.0 | 29.2 | 31.4 | 32.4 | 42.9 | 45.9 | 45.7 | 65.3 | 50.5 | 48.5 | 0 | 0.0 | 0.0 | 537.8 | 0.1 | 537.9 | 0 |
| Total Non-Current Liabilities | 26.6 | 27.7 | 28.7 | 29.7 | 30.7 | 41.2 | 42.8 | 44.3 | 45.8 | 58.5 | 61.7 | 77.8 | 80.3 | 83.7 | 85.8 | 97.5 | 65.9 | 66.2 | 86.3 | 72.0 | 70.5 | 22.5 | 22.9 | 22.5 | 560.7 | 23.3 | 561.5 | 0 |
| Total Liabilities | 77.4 | 57.4 | 54.3 | 62.3 | 63.2 | 78.3 | 93.5 | 91.3 | 90.8 | 95.7 | 92.0 | 128.6 | 151.9 | 154.1 | 149.6 | 168.9 | 109.8 | 107.9 | 110.6 | 100.5 | 95.9 | 38.6 | 36.5 | 38.2 | 573.4 | 34.8 | 573.5 | 0 |
| Stockholders' Equity | ||||||||||||||||||||||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 0 |
| Retained Earnings | (2,171.8) | (2,088.1) | (2,014.8) | (1,959.9) | (1,885.7) | (1,815.4) | (1,738.3) | (1,662.3) | (1,574.2) | (1,482.0) | (1,400.6) | (1,317.1) | (1,251.4) | (1,152.8) | (1,058.6) | (991.1) | (906.9) | (830.1) | (768.1) | (700.6) | (639.8) | (446.4) | (404.2) | (439.5) | (241.1) | (214.4) | (189.5) | 0 |
| Accumulated Other Comprehensive Income | (1.6) | (0.2) | 0.7 | 0.5 | (0.2) | 0.0 | (1.0) | 2.5 | (1.3) | (1.2) | (0.2) | (3.4) | (6.1) | (5.8) | (10.4) | (13.4) | (11.9) | (9.2) | (1.1) | 0.0 | (0.1) | 0.0 | 0.1 | 0.2 | 0.6 | 1.4 | 0.3 | (110.9) |
| Total Stockholders' Equity | 890.0 | 642.2 | 567.1 | 607.7 | 665.7 | 721.1 | 777.8 | 838.9 | 681.7 | 745.8 | 752.0 | 778.4 | 810.1 | 883.4 | 950.2 | 999.8 | 779.6 | 842.0 | 897.8 | 571.1 | 618.5 | 732.8 | 763.3 | 713.5 | (225.4) | 335.4 | (180.4) | 421.2 |
| Total Liabilities & Equity | 967.5 | 699.6 | 621.3 | 670 | 728.8 | 799.4 | 871.3 | 930.1 | 772.5 | 841.4 | 844.0 | 907.0 | 962.0 | 1,037.6 | 1,099.8 | 1,168.7 | 889.4 | 949.9 | 1,008.4 | 671.6 | 714.4 | 771.3 | 799.8 | 751.7 | 348.0 | 370.3 | 393.1 | 421.2 |
| Debt Metrics | ||||||||||||||||||||||||||||
| Total Debt | 30.7 | 31.6 | 32.5 | 33.3 | 34.2 | 47.2 | 48.5 | 49.8 | 51.1 | 52.3 | 53.5 | 54.6 | 55.7 | 56.7 | 57.7 | 60.3 | 22.0 | 22.5 | 22.9 | 23.3 | 23.7 | 24.1 | 24.4 | 23.9 | 24.2 | 24.6 | 24.8 | 0 |
| Net Debt | (90.5) | (173.0) | (51.6) | (58.2) | (79.8) | (46.4) | (75.8) | (102.5) | (83.0) | (100.6) | (90.3) | (96.7) | (90.2) | (104.5) | (94.1) | (294.4) | (85.7) | (97.0) | (257.2) | (205.2) | (236.4) | (238.6) | (423.2) | (535.4) | (112.8) | (45.8) | (17.1) | 421.5 |
| 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 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | (83.7) | (73.3) | (54.9) | (74.1) | (70.4) | (77.1) | (76.0) | (88.1) | (92.2) | (81.4) | (83.5) | (65.7) | (98.5) | (94.2) | (67.5) | (84.2) | (76.8) | (62.0) | (67.5) | (60.8) | (193.4) | (42.2) | 35.3 | (36.1) | (26.7) | (24.9) | (23.9) | (19.7) | (17.5) | (14.2) |
| Depreciation & Amortization | 0.4 | 0.5 | 0.6 | 0.7 | 1.0 | 1.2 | 1.3 | 1.4 | 1.4 | 1.4 | 1.4 | 1.4 | 1.3 | 1.2 | 1.2 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 1.0 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | 0.6 | 0.7 | 0.7 |
| Stock-Based Compensation | 9.2 | 10.5 | 13.1 | 15.5 | 14.5 | 19.3 | 17.6 | 22.5 | 26.8 | 27.2 | 19.3 | 21.8 | 23.4 | 21.5 | 13.8 | 13.7 | 15.1 | 13.5 | 10.2 | 12.4 | 16.1 | 9.7 | 14.5 | 11.9 | 4.0 | 1.5 | 1.3 | 1.2 | 1.1 | 0.8 |
| Change in Working Capital | 20.7 | 11.9 | (2.8) | (3.5) | (1.9) | (15.1) | 1.4 | (20.8) | 12.8 | 8.0 | (20.6) | (28.8) | 9.5 | 7.4 | 6.4 | (0.3) | 2.8 | 2.4 | 15.0 | (8.5) | 12.7 | 78.1 | (86.0) | (0.8) | 1.1 | 0.6 | (0.4) | 1.4 | 1.4 | 1.8 |
| Other Non-Cash Items | (0.6) | (0.8) | (0.8) | (0.7) | 1.5 | (1.6) | (2.3) | 10.0 | (14.7) | (5.5) | (10.8) | (1.2) | (4.4) | (3.0) | (10.9) | 3.6 | 0.7 | (3.9) | 1.5 | 2.7 | 135.4 | 0.2 | 0.0 | 0.0 | (0.1) | (0.3) | (0.6) | (1.1) | (0.7) | 0.1 |
| Operating Cash Flow | (54.1) | (51.1) | (44.9) | (62.1) | (55.3) | (73.2) | (57.9) | (75.1) | (65.8) | (50.3) | (89.2) | (75.4) | (68.6) | (67.1) | (57.1) | (66.1) | (57.1) | (49.2) | (39.7) | (53.2) | (28.1) | 46.6 | (35.3) | (24.0) | (20.8) | (22.3) | (22.8) | (17.5) | (15.1) | (10.8) |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditure | 0 | 0 | (0.0) | 0.0 | (0.0) | (0.4) | 0 | (0.2) | (0.0) | (1.8) | (0.1) | (0.6) | (1.5) | (1.9) | (2.3) | (2.1) | (1.9) | (2.8) | (0.9) | (1.7) | (0.4) | (0.5) | (0.1) | (0.4) | (0.4) | (1.0) | (0.6) | (2.4) | (1.9) | (3.1) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (257.6) | (72.0) | 0 | 0 | 0 | 0 | 0 | 0 | (0.1) | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (471.3) | (50.9) | (34.0) | (58.1) | (8.9) | (22.0) | (75.1) | (265.1) | (119.6) | (190.8) | (136.8) | (84.8) | (66.2) | (97.8) | (327.6) | (55.8) | (24.3) | (127.7) | (327.0) | (7.4) | (26.9) | (619.3) | (126.4) | (69.0) | (15.5) | (55.6) | (89.0) | (89.5) | (375) | 0 |
| Sales/Maturities of Investments | 118.3 | 83.8 | 69.5 | 97.8 | 84.1 | 64.8 | 104.1 | 139.2 | 165.2 | 203.1 | 196.6 | 156.7 | 118.9 | 175.0 | 183.0 | 85.1 | 69.5 | 18.1 | 35.2 | 30 | 78.5 | 386.2 | 50.0 | 89.5 | 103.6 | 107 | 125.5 | 99 | 18 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 257.6 | 72.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (25.1) | 0 | 0 | 0 | 0 | 0 | 0 | 9.5 | 0.0 | 0 |
| Investing Cash Flow | (353.0) | 32.9 | 35.5 | 39.7 | 75.1 | 42.5 | 29.0 | (126.2) | 45.5 | 10.5 | 59.7 | 71.4 | 51.3 | 75.3 | (146.9) | 27.2 | 43.4 | (112.4) | (292.7) | 20.8 | 26.1 | (233.6) | (76.4) | 20.1 | 87.6 | 50.4 | 35.9 | 7.1 | (358.9) | (3.1) |
| Financing Activities | ||||||||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0.7 | 0 | 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 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 0 | 1.2 | 1 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 1.8 | 0 | 0 | 0 | (425.3) | (2.0) | (0.5) | 0 | 0 | 0 | 0.7 | 0 |
| Financing Cash Flow | 323.7 | 138.8 | 0.9 | 0.0 | 0.7 | 0 | 0.8 | 218.9 | 1.5 | 48.9 | 21.9 | 9.5 | 2.1 | 1.3 | 1.2 | 285.9 | 2.0 | 0.9 | 384.0 | 0.9 | 1.1 | 2.1 | 0.1 | 426.2 | (0.1) | 0.4 | (0.2) | 0.1 | 0.7 | 5.0 |
| Cash Position | ||||||||||||||||||||||||||||||
| Net Change in Cash | (83.4) | 120.6 | (8.5) | (22.4) | 20.5 | (30.7) | (28.1) | 17.6 | (18.7) | 9.1 | (7.6) | 5.4 | (15.4) | 9.5 | (202.8) | 246.9 | (11.7) | (160.7) | 51.6 | (31.5) | (1.0) | (184.9) | (111.6) | 422.2 | 66.7 | 28.4 | 12.9 | (10.3) | (373.2) | (8.9) |
| Cash at Beginning | 205.9 | 85.4 | 93.8 | 113.9 | 95.7 | 126.4 | 152.4 | 136.8 | 152.9 | 146.4 | 154.0 | 148.6 | 161.3 | 151.8 | 354.6 | 110.3 | 119.4 | 280.1 | 231.1 | 262.6 | 263.6 | 448.5 | 559.3 | 137.9 | 71.2 | 42.8 | 29.9 | 40.2 | 413.5 | 422.4 |
| Cash at End | 122.5 | 205.9 | 85.4 | 91.6 | 116.2 | 95.7 | 124.3 | 154.5 | 134.1 | 155.6 | 146.4 | 154.0 | 145.9 | 161.3 | 151.8 | 357.2 | 107.7 | 119.4 | 282.7 | 231.1 | 262.6 | 263.6 | 447.6 | 560.2 | 137.9 | 71.2 | 42.8 | 29.9 | 40.2 | 413.5 |
| Free Cash Flow | (54.1) | (51.1) | (44.9) | (62.1) | (55.3) | (73.6) | (57.9) | (75.3) | (65.8) | (52.1) | (89.3) | (76.0) | (70.1) | (69.0) | (59.4) | (68.2) | (59.0) | (52.0) | (40.6) | (54.9) | (28.5) | 46.2 | (35.3) | (24.5) | (21.3) | (23.4) | (23.4) | (19.9) | (16.9) | (14.0) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||||||||||||||||||
| Revenue | 0.3 | 3 | 7 | 0 | 0.7 | 7.7 | 0 | 0 | 0 | 10.0 | (0.0) | 25.2 | 0.1 | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.6 | 0.7 | 0.8 | 1.0 | 82.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0.3 | 2.5 | 6.4 | (67.9) | (60.8) | 7.7 | (64.4) | (76.6) | (92.0) | (72.4) | (73.9) | (56.3) | (88.1) | (82.6) | (63.7) | (66.6) | (60.1) | (51.2) | (50.5) | (43.5) | (44.3) | (29.7) | 81.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | (90.8) | (78.6) | (60.6) | (80.4) | (76.8) | (84.9) | (85.0) | (96.4) | (100.8) | (90.4) | (92.2) | (73.6) | (106.0) | (101.2) | (72.9) | (85.9) | (77.8) | (62.7) | (67.7) | (61.0) | (193.6) | (42.4) | 35.0 | (36.6) | (27.7) | (26.5) | (25.8) | (21.9) | (19.9) | (16.4) |
| Net Income | (83.7) | (73.3) | (54.9) | (74.1) | (70.4) | (77.1) | (76.0) | (88.1) | (92.2) | (81.4) | (83.5) | (65.7) | (98.5) | (94.2) | (67.5) | (84.2) | (76.8) | (62.0) | (67.5) | (60.8) | (193.4) | (42.2) | 35.3 | (36.1) | (26.7) | (24.9) | (23.9) | (19.7) | (17.5) | (14.2) |
| EPS (Diluted) | -0.41 | -0.41 | -0.32 | -0.43 | -0.41 | -0.46 | -0.45 | -0.63 | -0.69 | -0.62 | -0.68 | -0.54 | -0.81 | -0.72 | -0.36 | -0.79 | -0.71 | -0.48 | -0.66 | -0.66 | -2.10 | -0.47 | 0.50 | -0.51 | -6.06 | -5.99 | -6.24 | -5.53 | -5.28 | -4.59 |
| Balance Sheet | ||||||||||||||||||||||||||||||
| Cash & Equivalents | 121.2 | 204.6 | 84.0 | 91.6 | 113.9 | 93.5 | 124.3 | 152.4 | 134.1 | 152.9 | 143.7 | 151.3 | 145.9 | 161.3 | 151.8 | 354.6 | 107.7 | 119.4 | 280.1 | 228.6 | 260.1 | 262.7 | 447.6 | 559.3 | 137.1 | 70.3 | 42.0 | (421.5) | ||
| Total Assets | 967.5 | 699.6 | 621.3 | 670 | 728.8 | 799.4 | 871.3 | 930.1 | 772.5 | 841.4 | 844.0 | 907.0 | 962.0 | 1,037.6 | 1,099.8 | 1,168.7 | 889.4 | 949.9 | 1,008.4 | 671.6 | 714.4 | 771.3 | 799.8 | 751.7 | 348.0 | 370.3 | 393.1 | 0 | ||
| Total Debt | 30.7 | 31.6 | 32.5 | 33.3 | 34.2 | 47.2 | 48.5 | 49.8 | 51.1 | 52.3 | 53.5 | 54.6 | 55.7 | 56.7 | 57.7 | 60.3 | 22.0 | 22.5 | 22.9 | 23.3 | 23.7 | 24.1 | 24.4 | 23.9 | 24.2 | 24.6 | 24.8 | 0 | ||
| Stockholders' Equity | 890.0 | 642.2 | 567.1 | 607.7 | 665.7 | 721.1 | 777.8 | 838.9 | 681.7 | 745.8 | 752.0 | 778.4 | 810.1 | 883.4 | 950.2 | 999.8 | 779.6 | 842.0 | 897.8 | 571.1 | 618.5 | 732.8 | 763.3 | 713.5 | (225.4) | 335.4 | (180.4) | 421.2 | ||
| Cash Flow | ||||||||||||||||||||||||||||||
| Operating Cash Flow | (54.1) | (51.1) | (44.9) | (62.1) | (55.3) | (73.2) | (57.9) | (75.1) | (65.8) | (50.3) | (89.2) | (75.4) | (68.6) | (67.1) | (57.1) | (66.1) | (57.1) | (49.2) | (39.7) | (53.2) | (28.1) | 46.6 | (35.3) | (24.0) | (20.8) | (22.3) | (22.8) | (17.5) | (15.1) | (10.8) |
| Capital Expenditure | 0 | 0 | (0.0) | 0.0 | (0.0) | (0.4) | 0 | (0.2) | (0.0) | (1.8) | (0.1) | (0.6) | (1.5) | (1.9) | (2.3) | (2.1) | (1.9) | (2.8) | (0.9) | (1.7) | (0.4) | (0.5) | (0.1) | (0.4) | (0.4) | (1.0) | (0.6) | (2.4) | (1.9) | (3.1) |
| Free Cash Flow | (54.1) | (51.1) | (44.9) | (62.1) | (55.3) | (73.6) | (57.9) | (75.3) | (65.8) | (52.1) | (89.3) | (76.0) | (70.1) | (69.0) | (59.4) | (68.2) | (59.0) | (52.0) | (40.6) | (54.9) | (28.5) | 46.2 | (35.3) | (24.5) | (21.3) | (23.4) | (23.4) | (19.9) | (16.9) | (14.0) |