Rapid7, Inc. logo RPD - Rapid7, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 16
HOLD 19
SELL 2
STRONG
SELL
0
| PRICE TARGET: $8.63 DETAILS
HIGH: $16.00
LOW: $6.00
MEDIAN: $8.00
CONSENSUS: $8.63
UPSIDE: 18.71%
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
Revenue
Revenue 209.7 217.4 218.0 214.2 210.3 216.3 214.7 208.0 205.1 205.3 198.8 190.4 183.2 184.5 175.8 167.5 157.4 151.6 139.9 126.4 117.5 113.2 105.1 98.9 94.3 91.6 83.2 79.0 73.2 68.8 62.4 58.4 54.5 57.7 50.5 47.4 45.2 45.0 40.3 37.3 34.8 32.9 28.3 25.8 23.6 21.9 20.3 17.9 16.7
Cost of Revenue 64.7 67.5 65.0 63.1 59.5 66.3 63.0 61.0 61.0 59.7 57.8 58.2 56.0 54.9 53.9 54.3 51.3 49.9 43.5 39.3 36.3 33.7 31.0 29.1 27.7 25.4 23.6 22.2 20.0 19.3 17.8 17.4 16.6 17.2 14.4 13.1 12.3 11.7 10.0 9.3 8.7 9.0 7.1 6.7 6.5 5.7 4.7 4.2 3.9
Gross Profit 144.9 149.9 153.0 151.1 150.8 150.0 151.6 147.0 144.1 145.5 141.0 132.3 127.2 129.5 121.9 113.2 106.1 101.8 96.4 87.1 81.2 79.5 74.0 69.8 66.6 66.3 59.5 56.8 53.2 49.5 44.6 41.0 37.9 40.5 36.2 34.4 33.0 33.4 30.3 28.0 26.1 23.9 21.2 19.1 17.1 16.2 15.7 13.7 12.9
Operating Expenses
R&D Expenses 48.4 48.6 46.9 47.2 47.9 47.5 44.6 40.4 41.4 39.7 39.9 50.8 46.3 42.6 48.6 48.9 49.8 48.5 43.9 35.3 33.1 29.7 28.5 26.1 24.2 21.7 20.2 19.6 17.9 17.8 17.1 16.1 16.7 14.1 13.6 11.9 11.4 11.1 11.6 12.9 12.3 14.3 9.9 8.1 6.4 6.8 6.3 6.3 6.1
SG&A Expenses 95.9 104.4 98.8 98.5 100.9 98.9 93.1 99.2 90.8 92.6 93.6 105.9 104.8 100.3 96.5 98.9 96.7 94.0 86.9 73.7 71.2 70.4 63.5 59.4 62.2 56.9 51.1 49.3 45.1 42.5 38.7 39.3 37.8 39.8 35.6 34.4 32.1 32.2 28.9 28.3 29.4 30.5 21.8 19.5 17.3 17.5 15.3 14.7 14.5
Other Expenses 1.2 (5.4) 1.4 1.9 2.1 0 0 2.1 2.2 2.2 23.5 27.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.0) (0.2) (0.3) 0.2 (0.3) 0.1 (0.0) 0.2 0.2 (0.1) (0.3) 0.0 (0.0) 0.2 (0.1) (0.0) 0.2 0 (0.1) 0 0.0 0.0
Operating Expenses 145.5 147.6 147.1 147.6 150.9 146.4 137.7 141.8 134.4 134.6 157.1 183.9 151.1 142.9 145.2 147.8 146.5 142.5 130.7 109.0 104.3 100.1 92.0 85.6 86.4 78.6 71.3 69.0 63.0 60.3 55.9 55.4 54.5 53.9 49.2 46.3 43.5 43.3 40.5 41.3 41.7 44.8 31.7 27.6 23.7 24.3 21.6 21.1 20.6
Operating Income
Operating Income (0.6) 2.3 5.9 3.5 (0.1) 3.6 14.0 5.2 9.7 10.9 (16.0) (51.7) (24.0) (13.3) (23.2) (34.7) (40.4) (40.7) (34.3) (21.9) (23.1) (20.6) (17.9) (15.7) (19.8) (12.3) (11.8) (12.2) (9.7) (10.8) (11.3) (14.3) (16.6) (13.4) (13.0) (11.9) (10.5) (9.9) (10.2) (13.3) (15.6) (20.9) (10.5) (8.6) (6.6) (8.1) (5.9) (7.4) (7.7)
Interest Expense 2.5 2.6 2.6 2.6 2.7 2.8 2.8 2.7 2.7 2.7 56.5 2.8 2.7 2.8 2.7 2.8 2.7 2.9 3.0 3.1 5.4 7.4 7.3 5.9 3.5 3.4 3.4 3.3 3.2 3.3 1.7 0.5 0.2 0.8 0.2 0.2 0.2 0.1 0.0 0.0 0.0 0.0 1.1 0.7 0.7 0.7 0.7 0.7 0.7
Interest Income 5.6 5.6 6.2 5.5 5.8 5.6 5.6 5.2 4.7 4.2 2.5 1.8 1.7 1.0 0.5 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 1.0 1.3 1.4 1.6 1.7 1.7 0.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 15.5 19.5 23.1 24.4 19.1 16.3 33.6 20.6 24.3 30.1 (6.4) (51.3) (11.6) 1.8 (14.7) (26.6) (30.7) (31.4) (24.8) (14.6) (17.3) (14.2) (11.8) (9.7) (14.4) (5.5) (6.2) (6.9) (5.0) (6.0) (7.6) (11.5) (13.9) (10.9) (10.5) (10.3) (8.8) (8.7) (8.2) (11.0) (13.5) (18.8) (9.2) (7.3) (5.5) (7.0) (4.9) (6.2) (6.8)
EBIT 4.3 8.3 11.9 13.0 7.5 4.8 22.3 9.7 13.0 18.7 (18.0) (63.1) (22.6) (8.7) (24.9) (36.8) (40.9) (41.3) (34.5) (21.7) (24.1) (20.5) (17.7) (15.3) (19.2) (10.1) (10.8) (10.9) (8.4) (9.4) (10.4) (14.2) (16.3) (13.4) (12.6) (11.9) (10.5) (9.9) (10.2) (13.3) (15.6) (20.9) (10.5) (8.6) (6.6) (8.1) (5.9) (7.4) (7.7)
Income Before Tax 1.8 5.7 9.3 10.3 4.8 2.0 19.5 7.1 10.3 16.0 (74.5) (65.9) (25.3) (11.5) (27.7) (39.6) (43.6) (44.2) (37.5) (24.7) (29.5) (27.9) (25.0) (21.2) (22.7) (14.2) (14.2) (13.9) (11.4) (12.6) (12.0) (14.2) (16.3) (13.2) (12.6) (11.4) (10.4) (10.2) (10.1) (13.3) (15.4) (21.0) (11.6) (9.1) (7.6) (8.9) (6.9) (8.1) (8.4)
Income Tax Expense 0.7 2.6 (0.5) 2 2.7 3.5 3.0 0.5 8.9 (4.1) 2.1 0.9 0.6 (0.1) 1.0 0.0 1.4 0.4 0.2 9.4 0.4 1.0 0.5 0.2 0.2 0.1 0.2 (0.5) 0.2 0.4 (0.2) 0.1 0.1 (0.2) (2.3) 0.2 0.1 (0.4) 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 0.1
Net Income 1.1 3.1 9.8 8.3 2.1 (1.5) 16.6 6.5 1.4 20.0 (76.6) (66.8) (25.9) (11.4) (28.7) (39.6) (45.0) (44.6) (37.7) (34.2) (29.8) (28.9) (25.5) (21.5) (22.9) (14.3) (14.4) (13.4) (11.7) (13.0) (11.8) (14.3) (16.4) (13.0) (10.3) (11.6) (10.5) (9.8) (10.2) (13.5) (15.6) (21.1) (11.8) (9.2) (7.7) (9.0) (7.0) (8.2) (8.5)
Per Share Data
EPS (Basic) 0.02 0.05 0.15 0.13 0.03 0.03 0.26 0.13 0.02 0.33 -1.25 -1.10 -0.43 -0.19 -0.49 -0.68 -0.78 -0.79 -0.67 -0.62 -0.56 -0.56 -0.50 -0.42 -0.46 -0.29 -0.29 -0.28 -0.24 -0.28 -0.25 -0.31 -0.36 -0.30 -0.24 -0.27 -0.25 -0.23 -0.25 -0.33 -0.38 -0.53 -0.36 -0.24 -0.25 -0.29 -0.22 -0.26 -0.27
EPS (Diluted) 0.02 0.05 0.15 0.13 0.03 0.03 0.22 0.13 0.02 0.27 -1.25 -1.10 -0.43 -0.19 -0.49 -0.68 -0.78 -0.79 -0.67 -0.62 -0.56 -0.56 -0.50 -0.42 -0.46 -0.29 -0.29 -0.28 -0.24 -0.27 -0.25 -0.31 -0.36 -0.30 -0.24 -0.27 -0.25 -0.23 -0.25 -0.33 -0.38 -0.53 -0.36 -0.24 -0.25 -0.29 -0.22 -0.26 -0.27
Shares Outstanding 66.2 65.6 65.0 64.4 63.8 63.3 62.9 62.5 61.9 61.5 61.1 60.5 59.9 59.3 58.7 58.2 57.7 56.8 56.0 55.4 52.9 52.0 51.3 50.7 50.1 49.6 49.0 47.9 47.8 46.4 46.9 46.2 45.2 43.7 43.3 42.7 42.0 41.9 41.5 41.1 40.5 40.2 33.0 37.8 31.0 31.0 31.0 31.0 31.0
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 343.3 246.7 130.6 261.3 291.5 334.7 222.6 237.0 198.7 213.6 182.7 185.9 205.8 207.3 168.4 163.5 141.4 164.6 227.1 493.6 503.8 173.6 239.4 279.3 204.4 123.4 114.9 126.6 89.9 99.6 131.2 100.7 99.6 51.6 49.1 53.1 50.7 53.1 87.7 84.8 83.5
Short-Term Investments 327.0 228.0 276.5 250.4 202.0 187.0 221.1 205.7 213.0 169.5 139.4 107.6 56.5 84.2 83.2 76.2 93.2 58.9 77.1 114.3 102.0 138.8 81.2 36.3 36.4 116.2 131.8 119.1 161.6 159.2 140.6 14.0 29.6 39.2 34.8 31.2 28.6 18.8 0 0 0
Net Receivables 138.5 167.0 141.3 150.7 140.5 168.2 141.9 146.1 124.6 164.9 137.7 136.3 116.7 152.0 121.0 124.7 107.3 146.1 96.8 98.5 76.7 111.6 73.6 76.8 64.4 87.9 62.4 69.3 59.7 74.9 53.8 48.5 38.7 73.7 48.7 47.6 33.7 49.2 38.3 38.7 29.8
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 14.9 13.9 13.0 12.3 10.4 9.5 8.6 0 0 0 0 0 0 0 0
Other Current Assets 44.2 47.2 86.6 92.1 98.6 96.2 87.0 48.9 89.6 86.4 76.0 95.1 75.7 66.8 33.3 31.4 31.0 30.0 25.9 24.0 22.6 21.5 19.3 18.4 17.5 17.0 14.9 13.9 13.0 12.3 10.4 9.5 8.6 8.9 8.7 8.9 7.7 9.2 0 0 0
Total Current Assets 853.0 688.9 635.0 754.5 732.6 786.1 672.6 674.4 625.9 634.5 535.8 524.9 454.6 510.3 439.3 430.0 410.9 432.7 454.0 757.9 734.1 473.4 434.0 431.6 342.3 364.6 339.9 344.3 339.9 355.8 347.6 185.9 188.8 173.3 141.3 140.7 120.7 130.2 132.7 130.6 119.9
Non-Current Assets
Property, Plant & Equipment 74.7 77.5 79.5 73.3 78.1 81.1 84.7 85.5 90.3 94.3 95.7 103.9 134.1 137.2 140.3 135.5 139 134.0 111.1 112.9 116.1 120.3 120.1 120.9 113.0 111.7 112.7 111.3 48.7 17.5 11.9 11.2 9.2 8.6 8.0 8.3 8.0 8.1 8.0 7.4 7.6
Goodwill 593.3 575.3 575.3 575.3 575.3 575.3 575.2 536.4 536.4 536.4 536.3 536.3 538.0 515.6 515.6 515.6 515.3 515.3 515.3 254.4 253.3 213.6 213.7 213.7 97.9 97.9 97.9 97.9 88.4 88.4 83.2 83.2 83.2 83.2 83.2 75.1 75.1 75.1 75.1 75.0 74.9
Intangible Assets 67.6 65.1 69.9 75.0 79.8 85.7 90.7 84.0 88.8 94.5 100.0 104.7 111.4 101.3 103.7 105.8 108.2 111.6 115.7 54.2 52.7 44.3 45.9 47.7 27.9 28.6 29.2 29.7 24.0 24.0 16.0 16.0 16.3 16.6 17.2 8.3 8.5 8.9 9.4 10.2 10.8
Long-Term Investments 0 184.1 227.4 88.0 99.1 37.3 60.4 51.4 52.5 56.2 50.6 2.4 7.3 9.8 16.7 14.3 28.3 34.1 5.4 5.4 11.1 10.1 10.8 5.4 12.8 22.9 11.0 18.7 33.6 44.9 39.3 3.9 1.1 1.1 1.1 8.8 16.8 20.2 0 0 0
Other Non-Current Assets 131.0 135.6 79.3 82.7 79.9 86.5 90.9 94.9 94.7 89.5 80.8 83.4 84.0 84.8 80.0 84.3 72.1 68.4 59.4 55.6 55.4 51.4 42.2 41.1 39.8 5.1 5.5 5.2 1.2 1.2 0.9 1.4 1.6 1.4 0.6 0.6 0.7 0.8 0.8 0.6 0.5
Total Non-Current Assets 866.6 1,037.5 1,031.4 894.2 912.2 865.9 901.9 852.2 862.6 870.9 863.5 830.7 874.8 848.7 856.2 855.5 863.0 863.3 806.9 482.5 488.6 439.7 432.8 428.8 291.4 300.3 286.7 292.0 224.0 203.6 174.4 137.9 131.7 110.9 110.1 101.1 109.1 113.1 93.3 93.3 93.8
Total Assets 1,719.6 1,726.5 1,666.4 1,648.7 1,644.8 1,652.0 1,574.5 1,526.6 1,488.5 1,505.3 1,399.3 1,355.7 1,329.5 1,359.0 1,295.5 1,285.5 1,273.9 1,296.0 1,260.9 1,240.3 1,222.7 913.1 866.8 860.4 633.7 664.9 626.6 636.3 563.9 559.4 522.0 323.8 320.5 284.1 251.4 241.9 229.8 243.3 226.0 223.9 213.8
Current Liabilities
Account Payables 12.3 11.0 15.6 15.9 12.3 18.9 6.0 12.8 11.5 15.8 9.0 9.0 8.5 10.3 13.9 6.8 12.2 3.5 7.5 2.1 4.3 3.9 9.0 7.1 10.1 6.8 6.5 13.0 6.3 7.0 2.8 4.6 5.7 2.2 3.6 2.3 3.5 4.0 2.7 4.2 1.7
Short-Term Debt 615.5 16.2 0 0 46.0 45.9 45.8 45.7 0 0 0 0 0 0 0 0 0 0 44.8 44.7 0 0 0 0 0 0 6.5 6.1 5.2 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 442.3 451.2 422.9 446.7 447.8 461.1 423.6 437.2 437.7 455.5 421.9 429.3 414.0 426.6 391.8 395.2 378.3 372.1 316.0 302.2 282.2 278.6 231.6 227.3 219.4 231.5 200.3 199.0 184.5 189.9 159.4 153.6 140.4 155.8 133.1 126.1 116.6 116.9 104.7 99.4 90.1
Other Current Liabilities 84.4 97.0 0 0 0 0 0 0 0 0.5 0.9 0.6 0.8 1.7 5.3 3.5 1.3 0.8 0.8 0.3 0.1 0 0.1 0 0.0 0.1 (6.2) (5.9) 2.2 0.7 0.8 1.1 1.7 1.7 1.4 1.3 1.2 1.2 1.4 1.0 0.8
Total Current Liabilities 1,154.5 575.4 535.0 555.9 589.2 630.2 573.6 578.6 524.1 569.8 507.6 520.5 493.7 531.3 487.2 483.7 459.6 468.7 436.5 414.2 343.7 353.7 298.3 280.0 264.9 286.7 246.8 251.3 228.4 235.0 190.4 181.2 166.2 189.5 161.8 150.3 137.6 145.6 130.9 124.4 106.9
Non-Current Liabilities
Long-Term Debt 295.7 952.2 891.3 890.3 889.3 888.4 887.4 886.3 931.0 930.0 928.9 817.9 816.9 815.9 814.9 814.0 813.0 812.1 811.1 810.1 855.7 378.6 373.3 368.2 187.9 185.2 182.5 179.8 177.2 174.7 172.2 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 0 0 0 0 0 0
Other Non-Current Liabilities 12.3 (45.7) 21.0 20.7 20.6 20.2 19.1 13.7 13.6 10.0 14.0 13.5 13.4 14.9 13.6 13.5 13.3 17.3 20.9 9.6 2.2 2.2 1.4 8.2 1.3 1.4 1.3 1.0 1.0 3.7 2.6 2.3 1.9 1.8 2.3 2.5 3.2 3.5 2.9 2.9 4.5
Total Non-Current Liabilities 390.4 996.4 1,004.2 1,002.4 1,002.9 1,004.1 1,007.2 1,000.9 1,050.9 1,053.7 1,053.3 946.2 946.0 947.8 950.7 950.0 950.8 953.3 929.3 921.5 960.2 487.9 483.2 489.7 292.5 295.1 293.6 297.5 246.6 237.1 238.5 73.1 80.4 70.5 57.9 56.9 54.3 55.7 47.5 48.3 46.2
Total Liabilities 1,544.9 1,571.7 1,539.2 1,558.3 1,592.1 1,634.3 1,580.8 1,579.5 1,574.9 1,623.5 1,560.9 1,466.7 1,439.6 1,479.1 1,437.8 1,433.7 1,410.4 1,422.0 1,365.9 1,335.7 1,303.9 841.6 781.5 769.7 557.4 581.7 540.4 548.8 475.1 472.1 428.9 254.2 246.5 260.0 219.7 207.2 191.9 201.3 178.4 172.7 153.2
Stockholders' Equity
Common Stock 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4 0.4 0.4 0.4 0.4 0.4
Retained Earnings (963.5) (964.7) (967.8) (977.6) (985.9) (988.0) (983.0) (999.6) (1,007.7) (1,010.0) (1,030.1) (953.4) (886.7) (860.7) (849.4) (820.6) (781.0) (736.0) (691.4) (653.7) (619.5) (617.3) (588.4) (562.8) (541.4) (518.4) (504.1) (489.7) (476.3) (464.6) (451.6) (439.7) (425.4) (434.9) (421.9) (411.6) (400.0) (389.3) (379.6) (369.4) (355.9)
Accumulated Other Comprehensive Income 0.1 2.5 2.5 3.5 0.4 (1.2) 1.9 (0.9) (0.2) 1.3 (0.8) 0.2 (0.2) (1.4) (6.7) (4.5) (2.1) (0.8) (0.9) (0.1) 0.1 0.5 (0.0) 0.1 (0.1) 0.2 0.3 0.4 0.2 (0.0) (0.1) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (15.1) (13.9) (12.8)
Total Stockholders' Equity 174.8 154.7 127.2 90.4 52.7 17.7 (6.3) (52.9) (86.4) (118.2) (161.6) (111.0) (110.2) (120.1) (142.3) (148.2) (136.6) (126.0) (105.0) (95.4) (81.2) 71.5 85.4 90.7 76.3 83.2 86.2 87.5 88.9 87.3 93.1 69.5 73.9 24.2 31.8 34.6 37.9 42.0 47.6 51.1 60.6
Total Liabilities & Equity 1,719.6 1,726.5 1,666.4 1,648.7 1,644.8 1,652.0 1,574.5 1,526.6 1,488.5 1,505.3 1,399.3 1,355.7 1,329.5 1,359.0 1,295.5 1,285.5 1,273.9 1,296.0 1,260.9 1,240.3 1,222.7 913.1 866.8 860.4 633.7 664.9 626.6 636.3 563.9 559.4 522.0 323.8 320.5 284.1 251.4 241.9 229.8 243.3 226.0 223.9 213.8
Debt Metrics
Total Debt 965.2 1,028.3 970.8 967.6 1,014.4 1,018.2 1,021.6 1,021.0 1,022.3 1,024.6 1,022.4 914.7 913.9 914.3 917.2 915.2 918.3 912.6 934.7 935.8 938.4 463.9 460.7 457.7 268.4 264.7 262.2 257.6 198.8 174.7 172.2 0 0 0 0 0 0 0 0 0 0
Net Debt 621.9 781.6 840.2 706.3 722.9 683.5 799.0 784.1 823.6 810.9 839.7 728.8 708.1 707.1 748.9 751.8 776.9 748.0 707.6 442.2 434.6 290.3 221.3 178.3 64.0 141.3 147.3 131.0 109.0 75.1 41.0 (100.7) (99.6) (51.6) (49.1) (53.1) (50.7) (53.1) (87.7) (84.8) (83.5)
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 1.1 3.1 9.8 8.3 2.1 (1.5) 16.6 6.5 1.4 20.0 (76.6) (66.8) (25.9) (11.4) (28.7) (39.6) (45.0) (44.6) (37.7) (34.2) (29.8) (28.9) (25.5) (21.5) (22.9) (14.3) (14.4) (13.4) (11.7) (13.0) (11.8) (14.3) (16.4) (13.0) (10.3) (11.6) (10.5) (9.8) (10.2) (13.5) (15.6)
Depreciation & Amortization 11.2 11.2 12.3 11.4 11.7 11.4 11.2 10.9 11.3 11.4 11.6 11.8 11.1 10.5 10.2 10.2 10.2 10.0 9.7 7.0 6.7 6.3 5.9 5.6 4.8 4.6 4.6 3.9 3.4 3.4 2.7 2.7 2.4 2.3 2.1 1.6 1.6 1.4 1.9 1.7 1.7
Stock-Based Compensation 19.9 23.3 26.3 27.6 27.2 31.1 24.6 29.1 25.7 23.2 23.8 31.7 29.4 27.6 31.0 32.4 28.9 28.7 29.2 23.8 20.9 17.0 17.1 16.4 13.3 11.2 10.4 10.4 8.6 6.6 7.4 7.3 6.2 4.8 5.3 5.2 4.3 4.0 4.2 3.6 5.5
Change in Working Capital 6.3 0.9 (8.1) 2.8 (11.0) 19.6 (6.5) (13.5) (10.1) 18.5 (17.7) 10.2 (10.7) 18.0 5.1 1.7 14.8 12.7 16.9 7.4 18.0 (0.2) 7.4 (4.6) (6.1) 3.7 (1.9) (0.6) (16.4) 12.2 (3.4) (5.4) 14.8 13.9 11.4 0.9 7.5 10.7 5.8 9.5 6.8
Other Non-Cash Items 2.5 (0.5) (0.4) (2.5) (0.1) 4.2 (2.0) (0.1) 0.8 (9.7) 62.5 44.3 2.0 (3.0) 2.6 2.8 1.5 1.4 1.3 5.1 4.8 5.8 5.3 4.3 2.6 2.6 2.3 2.0 1.8 2.8 1.0 (0.0) (0.1) 0.4 0.0 0.1 0.1 0.7 0.0 0.1 0.1
Operating Cash Flow 39.8 37.6 38.5 47.5 29.8 63.8 44.0 32.9 31.1 63.5 3.7 31.3 5.8 40.3 20.1 7.4 10.4 4.7 19.4 9.2 20.6 0.6 11.1 0.4 (7.2) 7.8 1.8 2.5 (13.6) 11.9 (4.0) (9.1) 7.3 8.2 5.7 (4.0) 3.3 7.1 1.8 1.9 (1.6)
Investing Activities
Capital Expenditure (2.1) (1.2) (4.1) (5.3) (1.4) (1.2) (1.3) (0.3) (0.6) (0.4) (0.3) (1.4) (2.3) (7.3) (5.9) (8.7) (3.1) (4.2) (2.2) (1.7) (1.0) (6.7) (3.2) (1.2) (2.8) (2.4) (9.3) (9.2) (8.5) (4.4) (2.8) (3.5) (2.1) (1.3) (0.9) (1.2) (1.3) (1.2) (1.5) (0.8) (1.1)
Acquisitions (23.3) 0 0 0 0 (0.1) (37.2) 0 0 0 0 (0.8) (34.0) 0 0 0 0 0 (306) (2.7) (49.7) 0 (0.1) (125.8) 1.5 (14.6) 0.0 1.6 1.6 (14.5) 1.1 0.7 0.7 (14.7) 0.4 0.3 0 (1.4) 0 0 0
Purchases of Investments 0 (35.8) (271.0) (87.6) (144.5) 0 (84.5) (64.8) (93.2) (82.8) (113.8) (75.4) (4.9) (28.3) (36.0) (27.4) (32.1) (33.8) (1.5) (52.9) (7.9) (68.3) (59.5) (25.0) (24.3) (33.8) (41.8) (9.4) (63.0) (54.5) (168.3) (6.2) (4.5) (13.5) (5.9) (8.4) (7.4) (39.0) 0 0 0
Sales/Maturities of Investments 85 123.8 107 51.5 69 58 62.5 75.0 55 52.5 35 29.9 35.8 34.9 26.1 57.5 2.8 23.2 36.9 46.0 41.9 10.9 9 32.7 113.9 37.7 37.0 67.6 72.7 30.6 6.4 19.1 14.1 9.2 9.9 13.7 0.9 0 0 0 0
Other Investing Activities (4.3) 0 0.5 (4.3) (2.4) (3.7) (10.4) (3.0) (2.9) (2.8) (4.0) (4.3) (4.8) (4.5) (4.6) (4.5) (3.5) (2.7) (3.0) (2.4) (1.8) (1.7) 0 0 (1.5) 14.6 0 (16.2) (1.6) 0 (1.1) (0.7) (0.7) 14.5 (15.2) (0.3) (6.5) 1.4 0 0 0
Investing Cash Flow 55.3 82.7 (171.7) (41.3) (79.2) 53.0 (64.7) 6.9 (41.7) (33.6) (83.0) (52.0) (10.2) (5.1) (20.4) 21.5 (35.9) (17.5) (275.7) (13.7) (18.4) (65.8) (55.1) (120.8) 85.4 0.1 (15.7) 32.7 (0.4) (43.5) (165.7) 8.6 6.8 (6.3) (12.0) 3.7 (7.8) (40.2) (1.5) (0.8) (1.1)
Financing Activities
Net Debt Issuance 0 0 0 (46.0) 0 0 0 0 0 (0.7) 73.8 0 0 0 0 (0.0) 0 (45.7) (0.4) (3.7) 328.4 (0.0) (0.9) 196.0 0 0 0 0 0 (0.4) 196.6 0 0 0 0 0 0 0 0 0 (0.1)
Stock Repurchased 0 (0.6) 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 0 0 0 0 0 0 0 0 (0.7) (3.1)
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 0 0 0 0
Other Financing Activities (0.3) (4.1) (0.5) (1.9) (1.3) (1.3) (0.8) (1.3) (1.8) (1.6) (1.4) (1.3) (3.5) (0.8) (1.6) (1.9) (3.5) (4.7) (14.4) (3.3) (5.8) (2.9) (2.7) (1.9) (1.5) (2.0) (2.1) (1.9) (1.0) (0.5) (0.7) (0.5) (0.5) (0.2) (0.2) (0.9) (0.2) (1.6) (0.1) 0.2 (0.4)
Financing Cash Flow 2.6 (4.7) 2.0 (47.1) 4.7 (1.2) 3.4 (1.0) 4.4 (2.2) 77.8 1.2 2.8 0.9 5.0 (1.7) 3.2 (49.3) (9.2) (5.9) 328.6 (1.4) 2.7 196.2 3.4 0.3 2.7 1.5 4.4 0.2 199.8 1.8 34.4 0.6 2.1 2.4 2.1 (1.2) 2.6 0.2 (0.5)
Cash Position
Net Change in Cash 96.6 116.1 (130.7) (37.4) (50.6) 119.5 (14.4) 38.3 (14.9) 30.9 (3.2) (19.8) (1.5) 38.9 4.9 22.1 (23.2) (62.5) (266.5) (10.2) 330.2 (65.8) (39.9) 74.9 81.0 8.5 (11.6) 36.7 (9.7) (31.6) 30.4 1.1 48.1 51.6 49.1 53.1 0 0 0 1.2 (3.0)
Cash at Beginning 246.7 130.6 261.3 298.7 342.1 222.6 237.0 198.7 213.6 182.7 185.9 205.8 207.3 168.4 163.5 141.4 164.6 227.1 493.6 503.8 173.6 239.4 279.3 204.4 123.4 114.9 126.6 89.9 99.6 131.2 100.7 99.6 51.6 0 0 0 0 87.7 0 83.5 86.6
Cash at End 343.3 246.7 130.6 261.3 291.5 342.1 222.6 237.0 198.7 213.6 182.7 185.9 205.8 207.3 168.4 163.5 141.4 164.6 227.1 493.6 503.8 173.6 239.4 279.3 204.4 123.4 114.9 126.6 89.9 99.6 131.2 100.7 99.6 51.6 49.1 53.1 50.7 53.1 87.7 84.8 83.5
Free Cash Flow 37.7 36.4 34.4 42.3 28.4 62.6 42.6 32.6 30.4 63.1 3.4 29.9 3.6 33.0 14.2 (1.3) 7.3 0.5 17.3 7.5 19.6 (6.1) 7.9 (0.8) (10.0) 5.4 (7.5) (6.8) (22.0) 7.5 (6.8) (12.6) 5.1 6.9 4.8 (5.2) 2.0 5.9 0.3 1.1 (2.7)
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 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1
Income Statement
Revenue 209.7 217.4 218.0 214.2 210.3 216.3 214.7 208.0 205.1 205.3 198.8 190.4 183.2 184.5 175.8 167.5 157.4 151.6 139.9 126.4 117.5 113.2 105.1 98.9 94.3 91.6 83.2 79.0 73.2 68.8 62.4 58.4 54.5 57.7 50.5 47.4 45.2 45.0 40.3 37.3 34.8 32.9 28.3 25.8 23.6 21.9 20.3 17.9 16.7
Gross Profit 144.9 149.9 153.0 151.1 150.8 150.0 151.6 147.0 144.1 145.5 141.0 132.3 127.2 129.5 121.9 113.2 106.1 101.8 96.4 87.1 81.2 79.5 74.0 69.8 66.6 66.3 59.5 56.8 53.2 49.5 44.6 41.0 37.9 40.5 36.2 34.4 33.0 33.4 30.3 28.0 26.1 23.9 21.2 19.1 17.1 16.2 15.7 13.7 12.9
Operating Income (0.6) 2.3 5.9 3.5 (0.1) 3.6 14.0 5.2 9.7 10.9 (16.0) (51.7) (24.0) (13.3) (23.2) (34.7) (40.4) (40.7) (34.3) (21.9) (23.1) (20.6) (17.9) (15.7) (19.8) (12.3) (11.8) (12.2) (9.7) (10.8) (11.3) (14.3) (16.6) (13.4) (13.0) (11.9) (10.5) (9.9) (10.2) (13.3) (15.6) (20.9) (10.5) (8.6) (6.6) (8.1) (5.9) (7.4) (7.7)
Net Income 1.1 3.1 9.8 8.3 2.1 (1.5) 16.6 6.5 1.4 20.0 (76.6) (66.8) (25.9) (11.4) (28.7) (39.6) (45.0) (44.6) (37.7) (34.2) (29.8) (28.9) (25.5) (21.5) (22.9) (14.3) (14.4) (13.4) (11.7) (13.0) (11.8) (14.3) (16.4) (13.0) (10.3) (11.6) (10.5) (9.8) (10.2) (13.5) (15.6) (21.1) (11.8) (9.2) (7.7) (9.0) (7.0) (8.2) (8.5)
EPS (Diluted) 0.02 0.05 0.15 0.13 0.03 0.03 0.22 0.13 0.02 0.27 -1.25 -1.10 -0.43 -0.19 -0.49 -0.68 -0.78 -0.79 -0.67 -0.62 -0.56 -0.56 -0.50 -0.42 -0.46 -0.29 -0.29 -0.28 -0.24 -0.27 -0.25 -0.31 -0.36 -0.30 -0.24 -0.27 -0.25 -0.23 -0.25 -0.33 -0.38 -0.53 -0.36 -0.24 -0.25 -0.29 -0.22 -0.26 -0.27
Balance Sheet
Cash & Equivalents 343.3 246.7 130.6 261.3 291.5 334.7 222.6 237.0 198.7 213.6 182.7 185.9 205.8 207.3 168.4 163.5 141.4 164.6 227.1 493.6 503.8 173.6 239.4 279.3 204.4 123.4 114.9 126.6 89.9 99.6 131.2 100.7 99.6 51.6 49.1 53.1 50.7 53.1 87.7 84.8 83.5
Total Assets 1,719.6 1,726.5 1,666.4 1,648.7 1,644.8 1,652.0 1,574.5 1,526.6 1,488.5 1,505.3 1,399.3 1,355.7 1,329.5 1,359.0 1,295.5 1,285.5 1,273.9 1,296.0 1,260.9 1,240.3 1,222.7 913.1 866.8 860.4 633.7 664.9 626.6 636.3 563.9 559.4 522.0 323.8 320.5 284.1 251.4 241.9 229.8 243.3 226.0 223.9 213.8
Total Debt 965.2 1,028.3 970.8 967.6 1,014.4 1,018.2 1,021.6 1,021.0 1,022.3 1,024.6 1,022.4 914.7 913.9 914.3 917.2 915.2 918.3 912.6 934.7 935.8 938.4 463.9 460.7 457.7 268.4 264.7 262.2 257.6 198.8 174.7 172.2 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 174.8 154.7 127.2 90.4 52.7 17.7 (6.3) (52.9) (86.4) (118.2) (161.6) (111.0) (110.2) (120.1) (142.3) (148.2) (136.6) (126.0) (105.0) (95.4) (81.2) 71.5 85.4 90.7 76.3 83.2 86.2 87.5 88.9 87.3 93.1 69.5 73.9 24.2 31.8 34.6 37.9 42.0 47.6 51.1 60.6
Cash Flow
Operating Cash Flow 39.8 37.6 38.5 47.5 29.8 63.8 44.0 32.9 31.1 63.5 3.7 31.3 5.8 40.3 20.1 7.4 10.4 4.7 19.4 9.2 20.6 0.6 11.1 0.4 (7.2) 7.8 1.8 2.5 (13.6) 11.9 (4.0) (9.1) 7.3 8.2 5.7 (4.0) 3.3 7.1 1.8 1.9 (1.6)
Capital Expenditure (2.1) (1.2) (4.1) (5.3) (1.4) (1.2) (1.3) (0.3) (0.6) (0.4) (0.3) (1.4) (2.3) (7.3) (5.9) (8.7) (3.1) (4.2) (2.2) (1.7) (1.0) (6.7) (3.2) (1.2) (2.8) (2.4) (9.3) (9.2) (8.5) (4.4) (2.8) (3.5) (2.1) (1.3) (0.9) (1.2) (1.3) (1.2) (1.5) (0.8) (1.1)
Free Cash Flow 37.7 36.4 34.4 42.3 28.4 62.6 42.6 32.6 30.4 63.1 3.4 29.9 3.6 33.0 14.2 (1.3) 7.3 0.5 17.3 7.5 19.6 (6.1) 7.9 (0.8) (10.0) 5.4 (7.5) (6.8) (22.0) 7.5 (6.8) (12.6) 5.1 6.9 4.8 (5.2) 2.0 5.9 0.3 1.1 (2.7)