RingCentral, Inc. logo RNG - RingCentral, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 28
HOLD 14
SELL 0
STRONG
SELL
0
| PRICE TARGET: $42.13 DETAILS
HIGH: $55.00
LOW: $32.00
MEDIAN: $40.00
CONSENSUS: $42.13
DOWNSIDE: 3.24%
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 644.2 644.0 638.7 620.4 612.1 614.5 608.8 592.9 584.2 571.3 558.2 539.3 533.7 524.7 509.0 486.9 467.7 448.5 414.6 379.3 352.4 334.5 303.6 278.0 267.5 252.9 233.4 215.2 201.5 188.6 173.8 160.8 150.3 140.5 129.8 119.4 111.8 104.5 96.8 91.8 86.5 83.4 76.8 70.7 65.3 61.9 56.9 52.8 48.3 45.3 41.9 37.7 35.5 33.1 29.6
Cost of Revenue 179.4 184.3 180.3 178.9 180.4 178.2 180.2 176.7 170.5 170.2 169.0 164.4 160.7 160.6 167.5 158.2 155.5 136.0 110.4 104.9 97.0 91.2 82.3 76.6 73.4 66.9 59.7 53.6 50.8 44.1 39.3 38.1 35.7 33.6 30.8 29.6 27.3 24.7 23.5 22.4 21.7 22.9 22.3 21.5 20.5 19.9 19.4 19.5 17.9 17.2 16.0 14.7 13.7 12.4 11.2
Gross Profit 464.8 459.8 458.3 441.4 431.6 436.3 428.6 416.2 413.7 401.0 389.2 374.9 373.0 364.2 341.6 328.7 312.2 312.5 304.2 274.4 255.4 243.3 221.3 201.3 194.1 186.0 173.6 161.5 150.7 144.5 134.6 122.8 114.7 106.9 99.0 89.9 84.5 79.9 73.4 69.5 64.8 60.6 54.4 49.2 44.8 42.0 37.5 33.2 30.4 28.2 26.0 23.0 21.8 20.8 18.4
Operating Expenses
R&D Expenses 81.7 77.6 79.9 77.5 82.0 84.9 84.1 79.8 80.5 84.9 85.4 80.3 85.2 88.8 86.7 96.5 90.3 86.8 84.1 76.2 62.7 56.6 48.5 43.5 40.9 38.7 35.3 32.6 29.8 27.2 26.3 24.8 22.7 20.4 19.1 18.6 17.1 17.4 16.5 16.7 14.9 15.3 13.5 12.3 11.8 12.1 11.9 10.9 9.7 9.1 8.2 8.6 7.5 6.9 6.5
SG&A Expenses 333.0 334.3 351.5 326.9 335.4 335.8 341.1 341.8 344.1 361.2 357.9 339.7 342.3 350.6 334.2 340.0 325.4 329.0 303.2 271.6 234.7 215.5 202.5 187.2 178.6 167.7 149.0 136.1 128.3 120.7 115.2 102.6 93.4 92.7 86.1 78.8 74.7 69.0 64.0 59.1 55.9 51.3 46.8 46.4 42.5 39.2 36.4 35.2 32.9 29.4 26.0 27.6 23.7 20.2 20.9
Other Expenses 0 0 (3.9) 0 3.9 0 0 0 0 0 0 0 0 180.4 103.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.2 0.6 0.6 0.1 (0.1) (0.7) 0 (0.4) 0 (0.3) 0.2 0 (0.4) 0 0.1 (0.0) 0.2 0 (0.0) (0.2) 0.0 0.0
Operating Expenses 414.7 411.6 427.5 404.5 421.3 420.7 425.3 421.6 424.6 446.1 443.4 419.9 427.5 619.8 524.1 436.5 415.7 415.7 387.3 347.7 297.4 272.1 251.0 230.7 219.6 206.4 184.3 168.7 158.1 147.9 141.6 127.4 116.0 113.1 105.2 97.4 91.8 86.5 80.4 75.8 70.8 66.6 60.3 58.7 54.3 51.3 48.4 46.1 42.6 38.5 34.1 36.2 31.2 27.1 27.4
Operating Income
Operating Income 50.0 48.1 30.8 37.0 10.3 15.6 3.3 (5.4) (10.9) (45.0) (54.2) (45.1) (54.5) (255.6) (182.6) (107.8) (103.5) (103.3) (83.1) (73.4) (42.0) (28.7) (29.7) (29.3) (25.5) (20.4) (10.7) (7.2) (7.5) (3.4) (7.0) (4.7) (1.4) (6.2) (6.2) (7.5) (7.3) (6.6) (7.1) (6.3) (6.0) (6.0) (5.8) (9.5) (9.6) (9.3) (10.8) (12.8) (12.2) (10.4) (8.2) (13.1) (9.4) (6.3) (9.0)
Interest Expense (14.8) 13.8 13.9 16.5 16.1 16.3 16.4 16.0 16.3 16.5 12.2 5.1 2.2 1.2 1.2 1.2 1.2 16.2 16.0 15.9 16.3 16.5 12.7 12.6 7.5 5.2 5.2 5.1 5.0 4.9 4.9 4.8 1.4 0.0 0.0 0.0 0.1 0.2 0.2 0.2 0.2 0.2 0.2 0.3 0.4 0.4 0.5 0.5 0.6 3.2 1.0 0.6 0.6 0.7 0.6
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 50.0 97.8 129.7 87.1 72.5 73.0 58.9 60.8 47.7 35.8 30.5 53.7 8.4 (218.3) (220.6) (96.0) (87.8) (54.0) (98.2) (68.5) 45.4 36.9 11.2 31.2 (36.5) (8.4) 1.8 4.8 3.3 5.2 1.2 2.6 4.3 (1.7) 3.8 1.4 1.6 (2.8) (4.0) (2.7) (2.6) (3.1) (2.4) (6.2) (6.3) (6.4) (8.0) (10.3) (10.1) (4.9) (5.5) (11.0) (7.5) (4.5) (7.3)
EBIT 50.0 41.6 31.0 32.1 17.4 17.9 4.4 4.4 (9.0) (28.6) (33.7) (9.4) (49.1) (280.7) (282.6) (157.3) (148.8) (101.1) (130.2) (94.6) 16.5 14.8 (7.8) 13.3 (53.0) (20.2) (7.7) (4.0) (4.4) (0.9) (4.5) (3.3) (1.3) (6.0) (5.6) (7.0) (7.2) (6.7) (7.8) (7.5) (6.3) (6.7) (6.1) (9.3) (10.1) (9.8) (11.5) (12.7) (12.3) (10.2) (7.8) (13.2) (9.6) (6.3) (9.0)
Income Before Tax 34.1 27.9 17.0 15.7 (4.4) 1.6 (12.0) (11.6) (25.2) (45.1) (45.9) (14.5) (51.3) (281.9) (283.7) (158.5) (150.0) (117.3) (146.2) (110.5) 0.3 (1.7) (20.5) 0.7 (60.5) (25.5) (12.9) (9.1) (9.4) (5.8) (9.4) (8.2) (2.7) (6.0) (5.6) (7.0) (7.3) (6.9) (7.9) (7.7) (6.6) (6.9) (6.4) (9.6) (10.5) (10.2) (12.0) (13.2) (12.9) (13.3) (8.8) (13.8) (10.2) (7.0) (9.5)
Income Tax Expense 3.5 4.9 (0.5) 2.5 6.0 8.8 (4.2) 3.2 3.3 2.1 (3.8) 7.0 3.1 2.2 0.9 1.0 1.0 1.1 0.6 0.4 0.4 0.1 0.4 0.2 0.2 (0.2) (0.1) 0.1 (3.1) (0.1) 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.1 (0.1) (1.4) 0.1 (0.1) 0.0 0.1 0.0 0.0 0.1 (0.1) 0.0 0.0 0.0
Net Income 30.6 23.0 17.6 13.2 (10.3) (7.2) (7.9) (14.8) (28.5) (47.2) (42.1) (21.5) (54.4) (284.1) (284.6) (159.5) (151.0) (118.4) (146.8) (111.0) (0.2) (1.8) (21.0) 0.5 (60.7) (25.3) (12.7) (9.2) (6.4) (5.7) (9.5) (8.3) (2.7) (6.1) (5.7) (7.0) (7.3) (6.9) (8.0) (7.8) (6.6) (6.9) (6.3) (8.2) (10.6) (10.1) (12.0) (13.3) (12.9) (13.4) (8.9) (13.6) (10.3) (7.1) (9.6)
Per Share Data
EPS (Basic) 0.36 0.27 0.19 0.15 -0.11 -0.08 -0.09 -0.16 -0.31 -0.50 -0.45 -0.23 -0.57 -2.97 -2.98 -1.68 -1.60 -1.27 -1.60 -1.22 -0.00 -0.02 -0.24 0.01 -0.70 -0.30 -0.15 -0.11 -0.08 -0.07 -0.12 -0.10 -0.03 -0.08 -0.07 -0.09 -0.10 -0.09 -0.11 -0.11 -0.09 -0.10 -0.09 -0.12 -0.15 -0.15 -0.18 -0.20 -0.20 -0.22 -0.14 -0.22 -0.19 -0.13 -0.18
EPS (Diluted) 0.35 0.26 0.19 0.14 -0.11 -0.08 -0.09 -0.16 -0.31 -0.50 -0.45 -0.23 -0.57 -2.97 -2.98 -1.68 -1.60 -1.27 -1.60 -1.22 -0.00 -0.02 -0.24 0.01 -0.70 -0.30 -0.15 -0.11 -0.08 -0.07 -0.12 -0.10 -0.03 -0.08 -0.07 -0.09 -0.10 -0.09 -0.11 -0.11 -0.09 -0.10 -0.09 -0.12 -0.15 -0.15 -0.18 -0.20 -0.20 -0.22 -0.14 -0.22 -0.19 -0.13 -0.18
Shares Outstanding 84.7 86.1 90.6 90.9 91.0 90.7 91.9 92.7 93.1 94.0 94.6 95.3 95.7 95.7 95.6 95.1 94.6 93.3 91.8 91.2 90.6 90.0 89.2 88.3 87.3 85.4 83.3 82.3 81.4 80.6 79.9 79.1 78.3 77.7 76.9 75.9 74.7 74.0 73.3 72.6 72.1 71.4 70.6 69.5 68.8 68.3 67.8 67.3 63.8 62.1 61.4 60.7 53.1 53.1 53.1
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 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 116.6 132.6 145.4 168.1 154.4 242.8 212.7 199.3 203.1 222.2 432.4 225.4 274.8 270.0 305.4 306.5 301.9 267.2 345.2 325.3 463.1 639.9 745.6 773.8 762.1 343.6 582.7 567.7 549.0 566.3 577.3 567.3 555.0 181.2 172.3 167.0 149.7 160.4 152.4 147.8 139.1
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 Receivables 362.5 384.1 381.4 391.2 381.1 386.3 395.8 370.0 371.4 364.4 347.9 322.2 315.3 311.3 266.0 253.6 257.3 232.8 216.1 198.9 166.9 176.0 153.6 142.3 135.4 130.0 118.3 105.6 100.7 94.4 74.2 67.0 55.4 45.3 39.7 33.3 31.3 30.2 23.6 24.2 25.6
Inventory 0 0 0.9 1.1 1.2 1.2 0 1.9 2.1 1.5 1.2 1.1 1.3 1.2 1.3 4.6 5.7 5.7 0.7 0.8 0.5 0.6 0.7 0.9 0.4 0.4 0.3 0.3 0.3 0.2 0.2 0.3 0.2 0.2 0.2 0.1 0.2 0.1 0.1 0.1 0.9
Other Current Assets 86.5 248.5 195.5 201.1 204.8 201.0 250.5 216.3 220.6 228.1 236.4 220.0 222.7 190.2 175.1 146.2 125.6 118.8 108.2 97.4 88.5 91.2 73.0 65.2 51.9 45.3 42.9 43.2 38.5 31.8 32.4 29.2 23.5 7.6 7.6 5.3 4.4 15.2 16.6 0 0
Total Current Assets 565.7 765.2 762.5 800.3 780.2 871.1 859.0 827.9 831.0 848.6 1,052.3 803.5 851.0 796.0 774.6 739.3 720.8 650.7 693.6 648.1 743.7 926.1 992.6 1,002.0 971.6 535.5 765.0 735.1 704.4 707.5 702.2 678.1 651.1 248.0 234.2 218.2 198.4 205.9 192.7 186.7 178.5
Non-Current Assets
Property, Plant & Equipment 232.9 217.4 219.6 221.7 221.7 227.1 230.3 227.5 222.4 227.4 216.1 217.1 221.4 220.8 219.1 218.8 217.8 214.2 206.8 201.0 194.5 193.3 183.4 152.5 136.7 128.5 125.4 112.9 105.9 70.2 60.2 55.1 50.1 43.3 41.6 36.6 34.2 32.0 31.1 29.1 27.5
Goodwill 103.0 97.8 98.1 85.5 83.8 83.0 75.3 74.4 66.9 67.4 66.5 54.6 54.6 54.3 52.6 53.8 55.1 55.5 56.0 56.6 56.3 57.3 56.2 55.3 54.8 55.3 54.7 55.6 55.4 31.2 9.4 9.4 9.4 9.4 9.4 9.4 9.4 9.4 9.4 9.4 9.4
Intangible Assets 111.5 135.4 169.6 191.8 225.2 258.5 290.2 322.9 358.9 393.8 431.9 457.4 494.9 528.1 584.7 628.6 672.5 716.6 92.3 104.1 115.0 118.3 101.9 110.1 118.5 127.3 25.8 28.5 30.6 19.5 8.4 21.1 22.4 1.5 1.6 1.8 2.0 2.2 2.5 2.8 3.0
Long-Term Investments 0 0 0 0 0 0 0.1 0 0 0 0 0 0 4.6 31.8 113.2 163.8 210.4 199.7 247.9 270.7 213.2 173.6 149.3 109.9 132.2 0 0 0 0 0 0 0 0 0 0 0.5 0.5 0.5 0.5 0.5
Other Non-Current Assets 408.6 265.7 279.5 306.2 320.7 340.1 363.5 379.1 394.0 407.7 415.7 427.7 424.4 469.9 652.9 765.8 737.8 731.6 717.1 711.1 689.4 676.3 608.6 495.4 480.3 471.9 88.4 80.1 69.4 65.9 61.7 49.7 42.5 3.0 2.6 2.6 2.5 2.6 2.5 2.7 2.6
Total Non-Current Assets 856.0 716.3 766.7 805.2 851.4 908.8 959.4 1,003.9 1,042.1 1,096.3 1,130.2 1,156.8 1,195.4 1,277.6 1,541.1 1,780.1 1,847.0 1,928.3 1,271.9 1,320.5 1,326.0 1,258.5 1,123.7 962.6 900.3 915.2 294.4 277.1 261.3 186.8 139.7 135.3 124.4 57.1 55.2 50.4 48.6 46.7 46.1 44.5 43.0
Total Assets 1,421.6 1,481.5 1,529.2 1,605.5 1,631.6 1,779.9 1,818.4 1,831.8 1,873.1 1,944.9 2,182.5 1,960.4 2,046.4 2,073.7 2,315.7 2,519.4 2,567.8 2,579.0 1,965.5 1,968.7 2,069.7 2,184.6 2,116.3 1,964.6 1,871.9 1,450.7 1,059.5 1,012.2 965.7 894.3 841.8 813.3 775.5 305.2 289.4 268.6 246.9 252.6 238.8 231.2 221.6
Current Liabilities
Account Payables 29.7 27.7 36.6 65.5 61.3 21.9 34.8 38.9 24.0 53.3 43.3 36.7 56.4 62.7 88.5 96.6 77.0 70.0 46.8 56.1 44.7 54.0 38.0 36.5 35.3 34.6 22.4 21.2 19.4 10.1 6.0 6.4 4.3 7.3 10.0 5.6 4.7 7.8 4.7 2.0 2.8
Short-Term Debt 46.3 624.2 623.8 627.9 627.5 181.3 181.1 181.0 180.9 20 20 20 0 0 0 0 0 0 0 0 37.1 31.1 14.2 44.4 0 0 0 0 0 0 0.9 0.9 1.3 0 0 0 0 14.7 14.7 3.8 3.8
Deferred Revenue 257.4 269.1 0 263.0 248.7 261.9 261.0 262.1 246.7 233.6 231.2 227.2 219.9 209.7 209.4 207.0 201.4 176.4 169.4 165.6 146.2 142.2 127.5 122.5 110.2 107.4 105.2 103.4 93.8 88.5 80.0 73.2 68.0 64.4 57.7 53.4 49.4 45.2 42.7 42.1 39.0
Other Current Liabilities 302.1 297.6 262.1 45.5 50.4 47.4 48.9 48.7 48.3 63.0 47.6 42.2 48.0 53.4 45.3 47.4 53.9 48.9 46.7 43.0 45.5 43.2 37.9 35.4 34.7 30.5 98.7 83.3 66.6 65.4 65.5 58.0 46.9 18.6 27.0 28.0 30.3 34.1 31.2 13.3 12.8
Total Current Liabilities 635.4 1,218.6 1,205.4 1,233.1 1,208.3 748.8 764.7 761.4 764.0 632.5 605.3 592.4 591.2 652.6 639.2 622.0 575.7 526.3 475.6 446.8 444.4 438.1 369.2 371.1 307.8 280.7 268.1 245.6 228.6 199.4 172.7 156.9 138.1 126.7 121.3 108.6 106.0 116 108.5 92.8 87.4
Non-Current Liabilities
Long-Term Debt 1,358.8 843.4 635.9 632.9 736.2 1,347.9 1,352.1 1,356.3 1,360.5 1,525.5 1,781.3 1,558.8 1,639.5 1,638.4 1,637.3 1,636.2 1,635.1 1,398.5 1,382.4 1,366.5 1,350.8 1,375.3 1,394.9 1,008.5 1,042.0 386.9 381.7 376.6 371.5 366.6 361.6 356.8 352.0 0 0 0 0 0.3 1.2 13.0 13.9
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 0 0 0 0 0 0
Other Non-Current Liabilities 10.1 (6.8) 5.3 206.7 205.6 204.4 17.6 211.9 245.3 261.3 62.4 65.0 69.8 245.3 62.3 74.1 280.0 283.5 28.1 28.6 21.3 20.2 14.6 11.3 4.7 8.9 9.1 9.5 10.7 10.8 5.2 5.8 6.2 6.3 6.2 6.3 6.5 6.3 6.9 7.5 9.0
Total Non-Current Liabilities 1,395.6 850.9 658.1 859.0 964.5 1,582.0 1,399.5 1,598.6 1,631.4 1,814.9 1,862.2 1,640.4 1,727.7 1,903.9 1,721.9 1,735.7 1,943.3 1,713.8 1,444.6 1,429.6 1,408.2 1,434.3 1,447.4 1,045.2 1,073.7 424.3 421.8 411.0 405.9 377.4 369.7 365.4 361.5 6.3 6.2 6.3 6.5 6.6 8.2 20.4 23.0
Total Liabilities 2,031.0 2,069.6 1,863.5 2,092.0 2,172.8 2,330.8 2,164.3 2,360.1 2,395.5 2,447.5 2,467.5 2,232.8 2,318.9 2,556.4 2,361.1 2,357.7 2,519.0 2,240.1 1,920.2 1,876.4 1,852.5 1,872.4 1,816.6 1,416.3 1,381.5 705.0 690.0 656.6 634.5 576.7 542.4 522.3 499.6 133.0 127.5 114.9 112.5 122.6 116.7 113.3 110.5
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 (1,689.8) (1,714.0) (1,737) (1,754.6) (1,767.8) (1,757.4) (1,750.2) (1,742.4) (1,727.6) (1,699.1) (1,651.9) (1,609.8) (1,588.3) (1,533.9) (1,249.8) (965.2) (805.7) (748.6) (630.2) (483.4) (372.5) (372.3) (370.5) (349.5) (350.0) (289.3) (264.1) (251.3) (242.1) (235.7) (230.0) (220.5) (212.2) (265.6) (259.6) (253.8) (246.8) (239.5) (232.6) (224.6) (216.8)
Accumulated Other Comprehensive Income 1.6 2.5 1.6 2.6 (7.6) (8.9) (6.1) (5.1) (5.1) (8.2) (3.2) (5.2) (7.0) (8.8) (18.0) (9.6) (1.4) 0.6 2.0 4.6 3.4 6.8 3.5 1.1 0.3 1.9 0.4 2.1 1.9 2.2 2.6 2.8 3.2 3.0 2.9 2.8 2.8 2.7 2.9 2.2 1.1
Total Stockholders' Equity (609.3) (588.1) (334.3) (486.6) (541.2) (550.9) (345.9) (528.3) (522.4) (502.6) (285.0) (272.4) (272.5) (482.8) (45.4) 161.8 48.8 339.0 45.3 92.3 217.2 312.2 299.7 548.3 490.4 745.7 369.5 355.6 331.2 317.6 299.4 291.0 275.9 172.2 161.9 153.7 134.5 130.0 122.1 117.9 111.1
Total Liabilities & Equity 1,421.6 1,481.5 1,529.2 1,605.5 1,631.6 1,779.9 1,818.4 1,831.8 1,873.1 1,944.9 2,182.5 1,960.4 2,046.4 2,073.7 2,315.7 2,519.4 2,567.8 2,579.0 1,965.5 1,968.7 2,069.7 2,184.6 2,116.3 1,964.6 1,871.9 1,450.7 1,059.5 1,012.2 965.7 894.3 841.8 813.3 775.5 305.2 289.4 268.6 246.9 252.6 238.8 231.2 221.6
Debt Metrics
Total Debt 1,431.7 1,482.0 1,298.3 1,302.7 1,409.0 1,579.3 1,581.7 1,585.5 1,584.6 1,590.4 1,835.3 1,612.4 1,675.8 1,676.1 1,676.3 1,679.5 1,682.2 1,449.0 1,433.8 1,418.1 1,440.6 1,461.5 1,463.4 1,094.1 1,084.1 429.7 426.4 414.6 407.2 366.6 365.4 360.6 356.5 0 0 0 0 15.0 16.0 17.0 18.0
Net Debt 1,315.1 1,349.4 1,152.9 1,134.6 1,254.5 1,336.5 1,369.1 1,386.1 1,381.4 1,368.2 1,402.9 1,387.0 1,401.0 1,406.1 1,370.9 1,373.0 1,380.3 1,181.8 1,088.6 1,092.8 977.5 821.6 717.9 320.3 322.0 86.0 (156.2) (153.1) (141.9) (199.8) (211.9) (206.7) (198.4) (181.2) (172.3) (167.0) (149.7) (145.3) (136.4) (130.8) (121.1)
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 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 30.6 23.0 17.6 13.2 (10.3) (7.2) (7.9) (14.8) (28.5) (47.2) (42.1) (21.5) (54.4) (284.1) (284.6) (159.5) (151.0) (118.4) (146.8) (111.0) (0.2) (1.8) (21.0) 0.5 (60.7) (25.3) (12.7) (9.2) (6.4) (5.7) (9.5) (8.3) (2.7) (6.1) (5.7) (7.0) (7.3) (6.9) (8.0) (7.8) (6.6)
Depreciation & Amortization 56.9 56.2 98.7 54.9 55.1 55.1 44.4 56.3 56.7 59.2 59.2 58.0 57.5 62.4 62.0 61.3 60.9 47.1 27.5 26.1 24.6 22.0 19.1 18.0 16.5 11.8 9.6 8.8 7.7 6.1 5.7 5.9 5.5 4.3 4.1 4.1 3.8 3.9 3.8 3.6 3.4
Stock-Based Compensation 54.7 0 64.7 63.5 77.9 80.5 83.7 86.8 88.2 112.1 111.7 104.7 98.2 92.2 95.7 100.5 97.6 103.2 104.4 95.4 55.0 52.2 51.6 49.3 36.6 29.7 27.4 24.9 19.4 18.7 18.5 17.6 13.3 11.6 10.9 10.6 8.9 8.2 8.4 7.5 6.7
Change in Working Capital (34.6) (50.2) (17.6) (20.6) (26.1) (51.0) 108.7 (41.7) (67.0) (41.7) (78.7) (59.5) (35.4) (81.6) (73.4) (39.7) (29.5) (28.3) (34.2) (45.2) (18.5) (67.8) (114.2) (29.1) (18.5) (38.3) (12.3) (12.6) (9.9) (7.6) (6.0) (9.1) (10.3) 0.3 3.8 0.8 3.0 1.6 2.4 4.6 1.1
Other Non-Cash Items 56.4 126.6 (12.0) 56.5 53.1 55.6 (101.7) 40.4 46.8 31.4 36.6 9.0 42.6 250.4 242.6 88.1 80.9 44.0 92.1 59.2 (23.6) (6.8) (8.2) (11.5) 39.2 16.0 15.2 12.2 12.9 11.9 11.5 10.6 6.4 0.3 0.3 0.3 0.3 0.5 0.4 0.1 0.2
Operating Cash Flow 164.0 155.6 151.4 167.4 149.7 132.9 127.2 127.1 96.1 113.8 86.6 90.7 108.5 39.4 42.3 50.7 59.0 47.7 43.0 24.5 37.0 (2.5) (72.8) 27.0 13.1 (6.2) 26.8 24.1 20.2 23.0 20.2 16.7 12.2 10.3 13.4 8.7 8.7 7.3 7.8 9.9 4.8
Investing Activities
Capital Expenditure (6.5) 34.3 (7.6) 4.9 (19.5) (21.1) (24.3) (18.3) (19.4) (20.0) (16.6) (17.8) (21.3) (23.0) (21.7) (23.8) (21.9) (321.8) (19.6) (16.8) (26.8) (45.6) (29.4) (18.4) (14.2) (100.5) (10.2) (12.2) (10.4) (12.6) (8.7) (9.9) (25.8) (5.6) (9.0) (5.5) (6.8) (5.2) (4.1) (4.6) (2.5)
Acquisitions (7.9) 0 (20.8) 0 0 0 0 0 0 0 (14.7) 0 0 0 0 0 0 0 0 0 0 0 0 0 (3.5) (27.9) 0 0 (27.9) (26.4) 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 0 0 0 0 (2.5) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (135.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 163.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (16.9) 0 (14.3) (14.1) (13.9) (12.1) (43.4) (39.5) (13.3) (14.0) (12.3) (13.4) (12.6) (14.1) (10.2) (15.1) (15.1) (326.5) (12.2) (11.1) (18.1) (36.0) 0 0 3.5 (135.6) (3.9) (4.1) (3.5) (3.3) (2.8) (2.6) (21.2) (2.0) (1.9) 0.5 (1.6) (0.6) (0.6) (0.5) (0.4)
Investing Cash Flow (31.3) (22.9) (42.6) (23.0) (19.5) (21.1) (24.3) (44.6) (19.4) (20.0) (31.3) (17.8) (21.3) (23.0) (18.5) (23.8) (21.9) (333.6) (19.6) (16.8) (26.8) (45.6) (29.4) (18.4) (14.2) (236.1) (10.2) (12.2) (38.3) (39.0) (8.7) (9.9) (25.8) (5.6) (9.0) (5.0) (6.8) (5.2) (4.1) (4.6) (2.5)
Financing Activities
Net Debt Issuance (21.9) (12.0) (3.9) (57.3) (166.3) (5) (5) (5) (5) (245.6) 233.3 (34.8) 0 0 0 0 0 (1.4) 0 (154.7) (178.9) (66.8) 121.7 (5.8) 490.3 0 0 0 0 0 0 0 449.5 0 0 0 (15.0) (0.9) (1.0) (1.0) (1.0)
Stock Repurchased (107.6) (135.4) (122.0) (85.7) (50) (77.4) (83.0) (81.5) (80.5) (61.5) (75.0) (100.1) (74.5) (54.8) (20) (25.0) 0 0 0 0 0 0 (9.1) 0 0 (4.4) (5.2) (3.1) (1.9) (1.7) (2.5) (2.0) (15) (1.6) (1.0) (0.9) (0.2) (0.1) (0.1) 0 0
Dividends Paid (6.4) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (11.6) (3.6) (5.0) (0.0) (3.6) (2.3) (4.2) 0.3 (9.2) 0.9 (5.2) 2.0 (8.2) 1.4 (2.9) 5.0 (1.9) 209.6 (3.1) 9.0 (7.6) 8.0 (39.3) (8.3) (74.8) 2.6 (1.1) 9.9 (1.9) 5.3 (0.6) 7.3 (46.2) 4.2 1.2 13.9 2.5 6.7 2.0 4.4 0.3
Financing Cash Flow (147.5) (145.4) (130.9) (133.9) (219.9) (78.0) (92.2) (86.2) (94.7) (306.2) 153.0 (122.1) (82.7) (53.4) (22.9) (20.0) (1.9) 208.2 (3.1) (145.7) (186.5) (58.8) 73.3 2.8 420.3 2.6 (1.1) 6.8 0.7 5.3 (0.6) 5.3 387.2 4.2 1.2 13.9 (12.6) 5.8 0.9 3.4 (0.7)
Cash Position
Net Change in Cash (16.0) (12.8) (22.7) 13.7 (88.4) 30.2 13.3 (3.8) (19.1) (210.2) 207.0 (49.5) 4.8 (35.4) (1.1) 4.6 34.8 (78.0) 19.9 (137.8) (176.8) (105.7) (28.2) 11.7 418.5 (239.1) 15.0 18.6 (17.3) (11.0) 10.0 12.3 373.8 8.9 5.3 17.3 (10.7) 8.0 4.6 8.7 1.5
Cash at Beginning 132.6 145.4 168.1 154.4 242.8 212.7 199.3 203.1 222.2 432.4 225.4 274.8 270.0 305.4 306.5 301.9 267.2 345.2 325.3 463.1 639.9 745.6 773.8 762.1 343.6 582.7 567.7 549.0 566.3 577.3 567.3 555.0 181.2 172.3 167.0 149.7 160.4 152.4 147.8 139.1 137.6
Cash at End 116.6 132.6 145.4 168.1 154.4 242.8 212.7 199.3 203.1 222.2 432.4 225.4 274.8 270.0 305.4 306.5 301.9 267.2 345.2 325.3 463.1 639.9 745.6 773.8 762.1 343.6 582.7 567.7 549.0 566.3 577.3 567.3 555.0 181.2 172.3 167.0 149.7 160.4 152.4 147.8 139.1
Free Cash Flow 157.5 189.9 143.8 172.4 130.2 111.8 102.9 108.8 76.7 93.9 70.0 72.9 87.2 16.4 20.5 26.9 37.1 (274.1) 23.5 7.7 10.1 (48.1) (102.3) 8.7 (1.2) (106.7) 16.5 11.9 9.8 10.5 11.5 6.8 (13.6) 4.7 4.4 3.2 1.9 2.0 3.6 5.3 2.3
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 644.2 644.0 638.7 620.4 612.1 614.5 608.8 592.9 584.2 571.3 558.2 539.3 533.7 524.7 509.0 486.9 467.7 448.5 414.6 379.3 352.4 334.5 303.6 278.0 267.5 252.9 233.4 215.2 201.5 188.6 173.8 160.8 150.3 140.5 129.8 119.4 111.8 104.5 96.8 91.8 86.5 83.4 76.8 70.7 65.3 61.9 56.9 52.8 48.3 45.3 41.9 37.7 35.5 33.1 29.6
Gross Profit 464.8 459.8 458.3 441.4 431.6 436.3 428.6 416.2 413.7 401.0 389.2 374.9 373.0 364.2 341.6 328.7 312.2 312.5 304.2 274.4 255.4 243.3 221.3 201.3 194.1 186.0 173.6 161.5 150.7 144.5 134.6 122.8 114.7 106.9 99.0 89.9 84.5 79.9 73.4 69.5 64.8 60.6 54.4 49.2 44.8 42.0 37.5 33.2 30.4 28.2 26.0 23.0 21.8 20.8 18.4
Operating Income 50.0 48.1 30.8 37.0 10.3 15.6 3.3 (5.4) (10.9) (45.0) (54.2) (45.1) (54.5) (255.6) (182.6) (107.8) (103.5) (103.3) (83.1) (73.4) (42.0) (28.7) (29.7) (29.3) (25.5) (20.4) (10.7) (7.2) (7.5) (3.4) (7.0) (4.7) (1.4) (6.2) (6.2) (7.5) (7.3) (6.6) (7.1) (6.3) (6.0) (6.0) (5.8) (9.5) (9.6) (9.3) (10.8) (12.8) (12.2) (10.4) (8.2) (13.1) (9.4) (6.3) (9.0)
Net Income 30.6 23.0 17.6 13.2 (10.3) (7.2) (7.9) (14.8) (28.5) (47.2) (42.1) (21.5) (54.4) (284.1) (284.6) (159.5) (151.0) (118.4) (146.8) (111.0) (0.2) (1.8) (21.0) 0.5 (60.7) (25.3) (12.7) (9.2) (6.4) (5.7) (9.5) (8.3) (2.7) (6.1) (5.7) (7.0) (7.3) (6.9) (8.0) (7.8) (6.6) (6.9) (6.3) (8.2) (10.6) (10.1) (12.0) (13.3) (12.9) (13.4) (8.9) (13.6) (10.3) (7.1) (9.6)
EPS (Diluted) 0.35 0.26 0.19 0.14 -0.11 -0.08 -0.09 -0.16 -0.31 -0.50 -0.45 -0.23 -0.57 -2.97 -2.98 -1.68 -1.60 -1.27 -1.60 -1.22 -0.00 -0.02 -0.24 0.01 -0.70 -0.30 -0.15 -0.11 -0.08 -0.07 -0.12 -0.10 -0.03 -0.08 -0.07 -0.09 -0.10 -0.09 -0.11 -0.11 -0.09 -0.10 -0.09 -0.12 -0.15 -0.15 -0.18 -0.20 -0.20 -0.22 -0.14 -0.22 -0.19 -0.13 -0.18
Balance Sheet
Cash & Equivalents 116.6 132.6 145.4 168.1 154.4 242.8 212.7 199.3 203.1 222.2 432.4 225.4 274.8 270.0 305.4 306.5 301.9 267.2 345.2 325.3 463.1 639.9 745.6 773.8 762.1 343.6 582.7 567.7 549.0 566.3 577.3 567.3 555.0 181.2 172.3 167.0 149.7 160.4 152.4 147.8 139.1
Total Assets 1,421.6 1,481.5 1,529.2 1,605.5 1,631.6 1,779.9 1,818.4 1,831.8 1,873.1 1,944.9 2,182.5 1,960.4 2,046.4 2,073.7 2,315.7 2,519.4 2,567.8 2,579.0 1,965.5 1,968.7 2,069.7 2,184.6 2,116.3 1,964.6 1,871.9 1,450.7 1,059.5 1,012.2 965.7 894.3 841.8 813.3 775.5 305.2 289.4 268.6 246.9 252.6 238.8 231.2 221.6
Total Debt 1,431.7 1,482.0 1,298.3 1,302.7 1,409.0 1,579.3 1,581.7 1,585.5 1,584.6 1,590.4 1,835.3 1,612.4 1,675.8 1,676.1 1,676.3 1,679.5 1,682.2 1,449.0 1,433.8 1,418.1 1,440.6 1,461.5 1,463.4 1,094.1 1,084.1 429.7 426.4 414.6 407.2 366.6 365.4 360.6 356.5 0 0 0 0 15.0 16.0 17.0 18.0
Stockholders' Equity (609.3) (588.1) (334.3) (486.6) (541.2) (550.9) (345.9) (528.3) (522.4) (502.6) (285.0) (272.4) (272.5) (482.8) (45.4) 161.8 48.8 339.0 45.3 92.3 217.2 312.2 299.7 548.3 490.4 745.7 369.5 355.6 331.2 317.6 299.4 291.0 275.9 172.2 161.9 153.7 134.5 130.0 122.1 117.9 111.1
Cash Flow
Operating Cash Flow 164.0 155.6 151.4 167.4 149.7 132.9 127.2 127.1 96.1 113.8 86.6 90.7 108.5 39.4 42.3 50.7 59.0 47.7 43.0 24.5 37.0 (2.5) (72.8) 27.0 13.1 (6.2) 26.8 24.1 20.2 23.0 20.2 16.7 12.2 10.3 13.4 8.7 8.7 7.3 7.8 9.9 4.8
Capital Expenditure (6.5) 34.3 (7.6) 4.9 (19.5) (21.1) (24.3) (18.3) (19.4) (20.0) (16.6) (17.8) (21.3) (23.0) (21.7) (23.8) (21.9) (321.8) (19.6) (16.8) (26.8) (45.6) (29.4) (18.4) (14.2) (100.5) (10.2) (12.2) (10.4) (12.6) (8.7) (9.9) (25.8) (5.6) (9.0) (5.5) (6.8) (5.2) (4.1) (4.6) (2.5)
Free Cash Flow 157.5 189.9 143.8 172.4 130.2 111.8 102.9 108.8 76.7 93.9 70.0 72.9 87.2 16.4 20.5 26.9 37.1 (274.1) 23.5 7.7 10.1 (48.1) (102.3) 8.7 (1.2) (106.7) 16.5 11.9 9.8 10.5 11.5 6.8 (13.6) 4.7 4.4 3.2 1.9 2.0 3.6 5.3 2.3