RVMD - Revolution Medicines, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$207.54
DETAILS
HIGH:
$240.00
LOW:
$144.00
MEDIAN:
$215.00
CONSENSUS:
$207.54
DOWNSIDE:
0.92%
| 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 | 2018 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 0 | 3.8 | 7.0 | 15.3 | 3.4 | 9.1 | 7.6 | 9.5 | 1.1 | 8.7 | 10.1 | 8.8 | 12.7 | 10.0 | 11.5 | 12.1 | 12.5 | 12.3 | 13.2 | 10.3 |
| Cost of Revenue | 0 | 4.5 | 4.7 | 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 | 0 | 0 | 0 |
| Gross Profit | 0 | (4.5) | (4.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 0 | 3.8 | 7.0 | 15.3 | 3.4 | 9.1 | 7.6 | 9.5 | 1.1 | 8.7 | 10.1 | 8.8 | 12.7 | 10.0 | 11.5 | 12.1 | 12.5 | 12.3 | 13.2 | 10.3 |
| Operating Expenses | |||||||||||||||||||||||||||||||
| R&D Expenses | 394.9 | 344.0 | 292.6 | 262.5 | 224.1 | 205.7 | 188.1 | 151.8 | 134.9 | 118.0 | 148.5 | 107.7 | 98.0 | 68.9 | 66.1 | 69.5 | 61.0 | 56.5 | 53.7 | 46.5 | 45.9 | 40.9 | 37.0 | 34.9 | 32.9 | 27.5 | 27.5 | 23.0 | 20.1 | 21.2 | 18.2 |
| SG&A Expenses | 110.2 | 101.3 | 64.3 | 52.8 | 40.6 | 35.0 | 28.2 | 24.0 | 21.7 | 22.8 | 32.2 | 15.5 | 14.6 | 13.2 | 10.9 | 10.4 | 10.2 | 9.0 | 8.7 | 7.8 | 7.3 | 6.7 | 5.8 | 5.3 | 5.1 | 5.2 | 4.2 | 3.1 | 2.7 | 2.4 | 3.8 |
| Other Expenses | 0 | (4.5) | 0 | 0 | 0 | 0 | 0 | 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 | 505.1 | 440.7 | 356.9 | 315.3 | 264.7 | 240.8 | 216.3 | 175.7 | 156.6 | 140.9 | 180.7 | 123.2 | 112.6 | 82.2 | 77.0 | 79.9 | 71.2 | 65.5 | 62.4 | 54.3 | 53.2 | 47.5 | 42.8 | 40.2 | 38.0 | 32.6 | 31.7 | 26.1 | 22.8 | 23.6 | 22.0 |
| Operating Income | |||||||||||||||||||||||||||||||
| Operating Income | (505.1) | (445.2) | (361.6) | (315.3) | (264.7) | (240.8) | (216.3) | (175.7) | (156.6) | (140.9) | (180.0) | (123.2) | (108.8) | (75.2) | (61.7) | (76.5) | (62.1) | (57.9) | (52.9) | (53.2) | (44.5) | (37.4) | (34.1) | (27.6) | (28.0) | (21.1) | (19.6) | (13.6) | (10.6) | (10.4) | (11.7) |
| Interest Expense | 23.8 | 12.2 | 11.9 | 11.4 | 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 |
| Interest Income | 35.6 | 19.5 | 21.3 | 22.1 | 22.4 | 24.9 | 21.2 | 20.4 | 21.5 | 23.8 | 18.7 | 10.9 | 10.5 | 7.1 | 5.1 | 2.9 | 0.9 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.7 | 0.9 | 0.6 | 0.8 | 0.5 | 0.3 | 0.4 |
| Profitability | |||||||||||||||||||||||||||||||
| EBITDA | (620.6) | (437.1) | (348.3) | (289.4) | (244.0) | (209.7) | (191.9) | (153.4) | (130.4) | (113.2) | (129.5) | (110.2) | (96.5) | (65.6) | (54.0) | (71.2) | (58.9) | (55.4) | (50.6) | (51.2) | (42.5) | (35.5) | (32.1) | (25.6) | (25.6) | (18.6) | (18.1) | (11.9) | (9.3) | (9.3) | (10.6) |
| EBIT | (620.6) | (441.6) | (353.0) | (293.8) | (247.8) | (213.4) | (195.3) | (156.3) | (133.2) | (116.0) | (132.4) | (112.3) | (98.3) | (68.1) | (56.6) | (73.6) | (61.2) | (57.6) | (52.7) | (52.9) | (44.3) | (37.2) | (33.8) | (27.2) | (27.3) | (20.2) | (18.9) | (12.8) | (10.1) | (10.1) | (11.3) |
| Income Before Tax | (644.4) | (453.8) | (364.9) | (305.2) | (247.8) | (213.4) | (195.3) | (156.3) | (133.2) | (116.0) | (161.2) | (112.3) | (98.3) | (68.1) | (56.6) | (73.6) | (61.2) | (57.6) | (52.7) | (52.9) | (44.3) | (37.2) | (33.8) | (27.2) | (27.3) | (20.2) | (19.0) | (12.8) | (10.1) | (10.1) | (11.3) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | (0.8) | 0 | 0 | 0 | 0.3 | (3.9) | 0 | 0 | (0.1) | (0.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0.4 | 0 | (0.1) | (0.7) | 0 | 0 | 0 | 0 | 0 |
| Net Income | (644.4) | (453.8) | (364.9) | (305.2) | (247.8) | (213.4) | (194.6) | (156.3) | (133.2) | (116.0) | (161.5) | (108.4) | (98.3) | (68.1) | (56.5) | (73.3) | (61.2) | (57.6) | (52.7) | (52.9) | (44.3) | (37.2) | (34.2) | (27.2) | (27.2) | (19.5) | (14.6) | (12.8) | (10.1) | (10.1) | (11.3) |
| Per Share Data | |||||||||||||||||||||||||||||||
| EPS (Basic) | -3.06 | -2.29 | -1.90 | -1.61 | -1.31 | -1.13 | -1.13 | -0.94 | -0.81 | -0.70 | -1.14 | -0.99 | -0.92 | -0.62 | -0.63 | -0.87 | -0.81 | -0.77 | -0.71 | -0.72 | -0.60 | -0.53 | -0.52 | -0.42 | -0.46 | -0.67 | -0.40 | -0.35 | -0.28 | -0.28 | -0.31 |
| EPS (Diluted) | -3.06 | -2.29 | -1.90 | -1.61 | -1.31 | -1.13 | -1.13 | -0.94 | -0.81 | -0.70 | -1.14 | -0.99 | -0.92 | -0.62 | -0.63 | -0.87 | -0.81 | -0.77 | -0.71 | -0.72 | -0.60 | -0.53 | -0.52 | -0.42 | -0.46 | -0.67 | -0.40 | -0.35 | -0.28 | -0.28 | -0.31 |
| Shares Outstanding | 210.9 | 198.1 | 190.1 | 189.2 | 188.1 | 188.1 | 167.7 | 166.8 | 165.1 | 164.7 | 141.2 | 109.2 | 106.9 | 94.8 | 89.2 | 84.7 | 74.3 | 74.2 | 73.8 | 73.5 | 73.4 | 70.4 | 66.3 | 64.9 | 58.8 | 29.3 | 36.5 | 36.5 | 36.5 | 36.5 | 36.5 |
| 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 Q1 | 2018 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 815.4 | 440.9 | 383.7 | 217.4 | 402.4 | 333.6 | 543.1 | 201.3 | 275.7 | 288.4 | 696.1 | 358.4 | 380.3 | 427.2 | 161.4 | 178.9 | 105.8 | 97.7 | 108.5 | 129.2 | 195.6 | 351.6 | 104.3 | 64.9 | 24.0 | 182.7 | 16.7 | 21.8 | (69.6) | 69.6 |
| Short-Term Investments | 3,122.5 | 1,467.1 | 1,641.9 | 1,714.1 | 1,734.7 | 1,769.1 | 1,746.2 | 1,348.2 | 1,315.0 | 1,415.1 | 1,156.8 | 454.8 | 529.2 | 482.6 | 483.5 | 476.1 | 355.7 | 421.1 | 468.6 | 479.5 | 450.7 | 330.0 | 336.5 | 401.3 | 301.5 | 165.3 | 106.1 | 114.5 | 139.2 | 0 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.3 | 0.3 | 2.5 | 4.0 | 4.7 | 4.9 | 5.6 | 5.4 | 5.9 | 7.4 | 6.5 | 7.6 | 6.4 | 9.3 | 7.3 | 8.4 | 8.7 | 8.9 | 0 | 7.3 |
| 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 | 6.6 |
| Other Current Assets | 0 | 59.8 | 49.4 | 0 | 39.3 | 31.9 | 38.3 | 29.7 | 34.0 | 25.7 | 25.1 | 11.0 | 10.1 | 9.0 | 10.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.6 |
| Total Current Assets | 4,028.3 | 1,967.9 | 2,075.0 | 1,977.5 | 2,176.4 | 2,134.6 | 2,327.6 | 1,579.1 | 1,624.7 | 1,729.2 | 1,879.3 | 824.5 | 922.1 | 922.8 | 660.2 | 675.1 | 483.0 | 534.3 | 589.8 | 623.5 | 661.0 | 697.4 | 454.1 | 482.9 | 340.4 | 362.1 | 134.0 | 149.1 | 69.6 | 85.4 |
| Non-Current Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 162.5 | 161.4 | 165.3 | 167.4 | 147.0 | 142.9 | 141.8 | 99.2 | 100.6 | 99.9 | 100.0 | 73.4 | 73.5 | 72.8 | 73.7 | 74.5 | 73.3 | 71.6 | 71.2 | 35.3 | 36.7 | 37.6 | 36.3 | 35.2 | 36.0 | 15.2 | 7.1 | 6.8 | 0 | 6.9 |
| Goodwill | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 14.6 | 0 | 14.6 |
| Intangible Assets | 55.8 | 55.8 | 55.8 | 55.9 | 56.1 | 56.4 | 56.7 | 56.9 | 57.2 | 57.5 | 57.7 | 58.0 | 58.3 | 58.5 | 58.8 | 59.1 | 59.3 | 59.6 | 59.9 | 60.1 | 60.4 | 60.7 | 60.9 | 61.2 | 61.5 | 61.7 | 62.0 | 62.3 | 0 | 63.1 |
| Long-Term Investments | 42.5 | 0 | 0 | 0 | 0 | 0 | 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 Assets | 19.6 | 54.0 | 43.8 | 36.6 | 35.3 | 16.8 | 17.6 | 13.2 | 11.3 | 7.2 | 10.1 | 13.7 | 5.3 | 4.5 | 4.6 | 2.6 | 2.5 | 2.6 | 2.5 | 1.3 | 1.3 | 1.4 | 1.4 | 1.1 | 1.5 | 0.7 | 2.8 | 2.0 | (69.6) | 0.6 |
| Total Non-Current Assets | 294.9 | 285.8 | 279.5 | 274.4 | 253.1 | 230.8 | 230.7 | 183.9 | 183.7 | 179.2 | 182.4 | 159.8 | 151.6 | 150.5 | 151.7 | 150.8 | 149.8 | 148.4 | 148.2 | 111.4 | 113.0 | 114.2 | 113.3 | 112.2 | 113.6 | 92.3 | 86.5 | 85.6 | (69.6) | 85.2 |
| Total Assets | 4,323.3 | 2,253.7 | 2,354.5 | 2,251.9 | 2,429.6 | 2,365.4 | 2,558.3 | 1,763.0 | 1,808.4 | 1,908.4 | 2,061.7 | 984.2 | 1,073.7 | 1,073.2 | 811.9 | 825.9 | 632.8 | 682.8 | 738.0 | 735.0 | 774.0 | 811.7 | 567.4 | 595.1 | 454.0 | 454.3 | 220.5 | 234.7 | 0 | 170.6 |
| Current Liabilities | ||||||||||||||||||||||||||||||
| Account Payables | 88.4 | 80.5 | 64.6 | 74.8 | 56.8 | 47.5 | 54.4 | 24.5 | 29.3 | 32.4 | 61.8 | 29.6 | 29.8 | 19.9 | 21.3 | 24.4 | 14.1 | 14.2 | 14.1 | 10.5 | 10.4 | 9.7 | 12.6 | 6.7 | 10.2 | 7.9 | 11.4 | 6.0 | 0 | 5.2 |
| 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 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4 | 4.5 | 9.7 | 9.7 | 11.4 | 12.4 | 12.7 | 8.3 | 10.0 | 12.1 | 13.1 | 14.6 | 16.4 | 17.1 | 19.5 | 0 | 16.8 |
| Other Current Liabilities | 0 | 26.5 | 66.0 | 40.0 | 22.2 | 14.1 | 31.4 | 20.4 | 15.4 | 10.5 | 27.5 | 13.3 | 9.5 | 6.2 | 13.8 | 9.4 | 7.2 | 4.5 | 10.2 | 6.4 | 4.8 | 3.3 | 7.8 | 4.7 | 3.5 | 2.8 | 5.7 | 4.4 | 0 | 6.1 |
| Total Current Liabilities | 354.1 | 289.6 | 290.4 | 245.6 | 184.5 | 158.6 | 163.9 | 110.9 | 105.3 | 93.7 | 143.9 | 85.5 | 78.1 | 54.6 | 62.0 | 73.3 | 63.5 | 57.5 | 60.4 | 51.9 | 45.8 | 43.8 | 47.2 | 42.4 | 43.7 | 41.5 | 43.1 | 38.6 | 0 | 30.6 |
| Non-Current Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | 487.4 | 280.6 | 142.2 | 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 |
| Deferred Tax Liabilities | 2.4 | 2.4 | 2.4 | 2.4 | 2.4 | 2.4 | 2.4 | 3.1 | 3.1 | 3.1 | 3.1 | 3.2 | 7.0 | 7.0 | 7.0 | 7.1 | 7.4 | 7.4 | 7.4 | 7.4 | 7.4 | 7.4 | 7.4 | 7.1 | 7.1 | 7.1 | 7.8 | 12.2 | 0 | 12.2 |
| Other Non-Current Liabilities | 735.4 | 41.2 | 288.2 | 264.9 | 257.6 | 4.9 | 3.9 | 4.4 | 2.1 | 6.2 | 8.0 | 1.0 | 0.3 | 1.7 | 0.3 | 5.9 | 4.1 | 7.3 | 0.6 | 10.6 | 8.2 | 9.6 | 0.6 | 1.1 | 0.7 | 0.6 | 2.4 | 2.6 | 0 | 2.8 |
| Total Non-Current Liabilities | 1,363.0 | 464.2 | 432.8 | 409.4 | 379.7 | 128.6 | 129.2 | 85.8 | 84.3 | 89.2 | 91.7 | 61.2 | 64.8 | 66.4 | 64.8 | 71.2 | 70.4 | 74.3 | 75.1 | 44.9 | 43.2 | 45.3 | 45.5 | 47.6 | 49.7 | 27.5 | 24.9 | 30.4 | 0 | 43.4 |
| Total Liabilities | 1,717.0 | 753.8 | 723.2 | 655.0 | 564.2 | 287.2 | 293.1 | 196.7 | 189.6 | 182.9 | 235.5 | 146.8 | 142.9 | 121.0 | 126.7 | 144.5 | 134.0 | 131.8 | 135.4 | 96.8 | 89.0 | 89.1 | 92.7 | 90 | 93.5 | 69.0 | 68.0 | 69.1 | 0 | 73.9 |
| 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 |
| Retained Earnings | (3,967.3) | (3,322.9) | (2,869.1) | (2,504.2) | (2,199.0) | (1,951.2) | (1,737.8) | (1,543.2) | (1,386.9) | (1,253.7) | (1,137.7) | (976.2) | (867.7) | (769.4) | (701.3) | (644.8) | (571.5) | (510.3) | (452.6) | (400.0) | (347.0) | (302.7) | (265.5) | (231.3) | (204.1) | (176.9) | (157.4) | (142.8) | 0 | (109.7) |
| Accumulated Other Comprehensive Income | (6.0) | (0.6) | 3.2 | 3.1 | 1.3 | 1.7 | 1.3 | 3.8 | (1.9) | (1.2) | 0.5 | (0.9) | (1.3) | (0.6) | (1.8) | (2.4) | (1.8) | (1.3) | (0.4) | (0.0) | 0.0 | 0.1 | 0.1 | 0.2 | 0.3 | 0.0 | 0.1 | 0.1 | (108.4) | 0 |
| Total Stockholders' Equity | 2,606.2 | 1,499.9 | 1,631.3 | 1,596.9 | 1,865.4 | 2,078.2 | 2,265.2 | 1,566.3 | 1,618.8 | 1,725.5 | 1,826.2 | 837.5 | 930.8 | 952.2 | 685.2 | 681.4 | 498.8 | 551.0 | 602.6 | 638.2 | 685.0 | 722.6 | 474.7 | 505.1 | 360.5 | 385.3 | 152.5 | 165.7 | 96.7 | 96.7 |
| Total Liabilities & Equity | 4,323.3 | 2,253.7 | 2,354.5 | 2,251.9 | 2,429.6 | 2,365.4 | 2,558.3 | 1,763.0 | 1,808.4 | 1,908.4 | 2,061.7 | 984.2 | 1,073.7 | 1,073.2 | 811.9 | 825.9 | 632.8 | 682.8 | 738.0 | 735.0 | 774.0 | 811.7 | 567.4 | 595.1 | 454.0 | 454.3 | 220.5 | 234.7 | 96.7 | 170.6 |
| Debt Metrics | ||||||||||||||||||||||||||||||
| Total Debt | 641.9 | 437.3 | 158.7 | 158.5 | 132.8 | 134.3 | 135.8 | 86.7 | 87.4 | 88.0 | 87.9 | 62.8 | 63.3 | 63.6 | 64.2 | 65.2 | 65.0 | 65.9 | 66.6 | 31.8 | 32.5 | 32.0 | 32.7 | 33.4 | 34.1 | 10.8 | 0 | 0.2 | 0 | 0.1 |
| Net Debt | (173.5) | (3.7) | (225.0) | (59.0) | (269.7) | (199.2) | (407.2) | (114.6) | (188.3) | (200.4) | (608.2) | (295.6) | (317.1) | (363.6) | (97.2) | (113.7) | (40.8) | (31.8) | (41.9) | (97.4) | (163.1) | (319.6) | (71.6) | (31.5) | 10.1 | (171.8) | (16.7) | (21.7) | 69.6 | (69.4) |
| 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 | 2018 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||
| Net Income | (1,098.2) | (453.8) | (364.9) | (305.2) | (247.8) | (213.4) | (194.6) | (156.3) | (133.2) | (116.0) | (161.5) | (108.4) | (98.3) | (68.1) | (56.5) | (73.3) | (61.2) | (57.6) | (52.7) | (52.9) | (44.3) | (37.2) | (34.2) | (27.2) | (27.2) | (19.5) | (14.6) | (12.8) | (10.1) | (10.1) | (11.3) |
| Depreciation & Amortization | 4.8 | 4.5 | 33.3 | 4.3 | 3.8 | 3.7 | 3.4 | 0.1 | 2.8 | 2.8 | 2.9 | 2.1 | 1.8 | 2.5 | 2.6 | 2.4 | 2.3 | 2.3 | 2.1 | 1.8 | 1.8 | 1.7 | 1.7 | 1.6 | 1.7 | 1.5 | 0.9 | 0.9 | 0.8 | 0.8 | 0.7 |
| Stock-Based Compensation | 154.3 | 87.3 | 33.7 | 30.8 | 28.8 | 25.1 | 22.4 | 20.8 | 19.8 | 16.2 | 25.4 | 13.7 | 13.0 | 9.7 | 8.3 | 8.1 | 8.1 | 6.6 | 6.2 | 5.8 | 5.3 | 3.4 | 2.6 | 2.7 | 2.0 | 1.6 | 1.4 | 0.9 | 0.5 | 0.4 | 0.3 |
| Change in Working Capital | (1.9) | (16.9) | 32.2 | 56.4 | (4.3) | 2.4 | 42.8 | 13.1 | (4.7) | (47.2) | 21.2 | 1.1 | 21.3 | (2.9) | (13.6) | 12.2 | (5.0) | (7.1) | 4.2 | 7.8 | 2.4 | (5.7) | 4.3 | (4.5) | 3.5 | (11.5) | 0.6 | (2.5) | (2.7) | (4.3) | (1.6) |
| Other Non-Cash Items | 199.5 | 24.8 | (8.6) | 6.3 | (2.3) | (12.3) | (11.6) | (8.1) | (12.8) | (16.3) | (8.5) | (5.1) | (4.9) | (3.6) | (2.2) | (1.2) | 0.0 | 0.7 | 0.9 | 1.0 | 0.7 | 0.5 | 0.6 | 0.4 | 0.1 | (0.1) | 0.0 | (0.2) | (0.0) | 0.6 | 0.2 |
| Operating Cash Flow | (741.5) | (354.2) | (274.2) | (207.3) | (221.8) | (194.4) | (138.3) | (130.4) | (128.2) | (160.6) | (120.6) | (100.5) | (67.1) | (62.4) | (61.8) | (51.7) | (55.7) | (55.2) | (39.3) | (36.6) | (34.1) | (37.2) | (25.0) | (27.0) | (20.0) | (28.0) | (11.7) | (13.9) | (11.5) | (12.6) | (11.8) |
| Investing Activities | |||||||||||||||||||||||||||||||
| Capital Expenditure | (3.8) | (1.5) | (1.9) | (3.3) | (7.5) | (3.3) | (1.2) | (3.5) | (2.4) | (3.2) | (2.3) | (2.5) | (1.1) | (1.8) | (2.9) | (3.5) | (2.5) | (1.9) | (1.2) | (0.5) | (1.3) | (3.6) | (1.2) | (0.7) | (0.5) | (0.6) | (0.5) | (1.1) | (0.6) | (0.3) | (0.2) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42.4 | (5.8) | 4.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 |
| Purchases of Investments | (2,248.1) | (209.7) | (296.5) | (459.0) | (529.3) | (510.0) | (695.2) | (364.9) | (374.9) | (701.7) | (519.6) | (170.0) | (176.2) | (193.1) | (160.3) | (213.0) | (127.7) | (111.8) | (110.8) | (168.2) | (278.2) | (114.0) | (44.9) | (194.1) | (205.2) | (100.0) | (28.6) | (88.3) | (55.4) | 0 | 0 |
| Sales/Maturities of Investments | 765.9 | 383.9 | 373.3 | 487.2 | 571.0 | 497.4 | 303.5 | 346.9 | 485.2 | 456.9 | 141.5 | 249.9 | 133.8 | 198.9 | 156.1 | 93.1 | 192.6 | 157.7 | 120.5 | 138.5 | 156.8 | 119.9 | 109.0 | 93.8 | 69.1 | 40.9 | 37.1 | 29.6 | 0 | 0 | 0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (42.4) | 5.8 | (4.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0.0 | 0.1 | 6.1 | 0.2 |
| Investing Cash Flow | (1,486.1) | 172.6 | 74.9 | 24.8 | 34.3 | (15.9) | (392.9) | (21.5) | 107.9 | (248.0) | (380.4) | 77.4 | (43.5) | 4.0 | (7.1) | (123.4) | 62.4 | 44.0 | 8.5 | (30.2) | (122.8) | 2.3 | 62.9 | (101.0) | (136.5) | (59.7) | 8.0 | (59.8) | (56.0) | 5.8 | (0.1) |
| Financing Activities | |||||||||||||||||||||||||||||||
| Net Debt Issuance | 487.1 | 0 | 244.2 | 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 |
| 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 |
| 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 |
| Other Financing Activities | (0.7) | (0.3) | (244.0) | (5.7) | 250.0 | (0.0) | 0.3 | 3.0 | 0 | 0 | 836.8 | 0 | 2.6 | 0.5 | 1.4 | 0.2 | 0 | 0 | 0.6 | 0 | 1.4 | 0.6 | 1.5 | 1.1 | 0 | 0.0 | (1.5) | 0.1 | 90.2 | 0.0 | (0.1) |
| Financing Cash Flow | 2,659.2 | 238.7 | 365.7 | (1.6) | 256.6 | 0.9 | 873.8 | 77.3 | 7.5 | 0.8 | 839.4 | 1.0 | 64.6 | 324.2 | 51.4 | 248.3 | 1.4 | 0.3 | 10.7 | 0.3 | 0.9 | 282.3 | 1.5 | 168.9 | (1.3) | 253.7 | (1.5) | 10.0 | 90.2 | 0.0 | 4.2 |
| Cash Position | |||||||||||||||||||||||||||||||
| Net Change in Cash | 431.7 | 57.2 | 166.3 | (184.1) | 69.1 | (209.5) | 341.8 | (74.6) | (12.7) | (407.7) | 337.7 | (21.9) | (46.0) | 265.8 | (17.5) | 73.2 | 8.1 | (10.8) | (20.0) | (66.4) | (156.0) | 247.3 | 39.4 | 40.9 | (158.7) | 166.0 | (5.2) | (63.7) | 22.7 | (6.8) | (7.6) |
| Cash at Beginning | 388.6 | 383.7 | 222.3 | 406.4 | 337.3 | 546.8 | 201.3 | 278.7 | 288.4 | 696.1 | 358.4 | 380.3 | 429.0 | 163.1 | 180.7 | 107.5 | 97.7 | 108.5 | 130.2 | 195.6 | 352.7 | 105.4 | 66.0 | 25.1 | 182.7 | 16.9 | 22.0 | 85.7 | 63.0 | 69.8 | 77.4 |
| Cash at End | 820.3 | 440.9 | 388.6 | 222.3 | 406.4 | 337.3 | 543.1 | 204.2 | 275.7 | 288.4 | 696.1 | 358.4 | 382.9 | 429.0 | 163.1 | 180.7 | 105.8 | 97.7 | 110.2 | 129.2 | 196.7 | 352.7 | 105.4 | 66.0 | 24.0 | 182.9 | 16.9 | 22.0 | 85.7 | 63.0 | 69.8 |
| Free Cash Flow | (745.3) | (355.7) | (276.2) | (210.7) | (229.2) | (197.7) | (139.5) | (133.9) | (130.6) | (163.7) | (122.9) | (103.0) | (68.2) | (64.1) | (64.7) | (55.3) | (58.2) | (57.0) | (40.4) | (37.0) | (35.4) | (40.8) | (26.2) | (27.7) | (20.5) | (28.6) | (12.2) | (15.0) | (12.1) | (12.9) | (12.0) |
| 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 | 2018 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 0 | 3.8 | 7.0 | 15.3 | 3.4 | 9.1 | 7.6 | 9.5 | 1.1 | 8.7 | 10.1 | 8.8 | 12.7 | 10.0 | 11.5 | 12.1 | 12.5 | 12.3 | 13.2 | 10.3 |
| Gross Profit | 0 | (4.5) | (4.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.7 | 0 | 3.8 | 7.0 | 15.3 | 3.4 | 9.1 | 7.6 | 9.5 | 1.1 | 8.7 | 10.1 | 8.8 | 12.7 | 10.0 | 11.5 | 12.1 | 12.5 | 12.3 | 13.2 | 10.3 |
| Operating Income | (505.1) | (445.2) | (361.6) | (315.3) | (264.7) | (240.8) | (216.3) | (175.7) | (156.6) | (140.9) | (180.0) | (123.2) | (108.8) | (75.2) | (61.7) | (76.5) | (62.1) | (57.9) | (52.9) | (53.2) | (44.5) | (37.4) | (34.1) | (27.6) | (28.0) | (21.1) | (19.6) | (13.6) | (10.6) | (10.4) | (11.7) |
| Net Income | (644.4) | (453.8) | (364.9) | (305.2) | (247.8) | (213.4) | (194.6) | (156.3) | (133.2) | (116.0) | (161.5) | (108.4) | (98.3) | (68.1) | (56.5) | (73.3) | (61.2) | (57.6) | (52.7) | (52.9) | (44.3) | (37.2) | (34.2) | (27.2) | (27.2) | (19.5) | (14.6) | (12.8) | (10.1) | (10.1) | (11.3) |
| EPS (Diluted) | -3.06 | -2.29 | -1.90 | -1.61 | -1.31 | -1.13 | -1.13 | -0.94 | -0.81 | -0.70 | -1.14 | -0.99 | -0.92 | -0.62 | -0.63 | -0.87 | -0.81 | -0.77 | -0.71 | -0.72 | -0.60 | -0.53 | -0.52 | -0.42 | -0.46 | -0.67 | -0.40 | -0.35 | -0.28 | -0.28 | -0.31 |
| Balance Sheet | |||||||||||||||||||||||||||||||
| Cash & Equivalents | 815.4 | 440.9 | 383.7 | 217.4 | 402.4 | 333.6 | 543.1 | 201.3 | 275.7 | 288.4 | 696.1 | 358.4 | 380.3 | 427.2 | 161.4 | 178.9 | 105.8 | 97.7 | 108.5 | 129.2 | 195.6 | 351.6 | 104.3 | 64.9 | 24.0 | 182.7 | 16.7 | 21.8 | (69.6) | 69.6 | |
| Total Assets | 4,323.3 | 2,253.7 | 2,354.5 | 2,251.9 | 2,429.6 | 2,365.4 | 2,558.3 | 1,763.0 | 1,808.4 | 1,908.4 | 2,061.7 | 984.2 | 1,073.7 | 1,073.2 | 811.9 | 825.9 | 632.8 | 682.8 | 738.0 | 735.0 | 774.0 | 811.7 | 567.4 | 595.1 | 454.0 | 454.3 | 220.5 | 234.7 | 0 | 170.6 | |
| Total Debt | 641.9 | 437.3 | 158.7 | 158.5 | 132.8 | 134.3 | 135.8 | 86.7 | 87.4 | 88.0 | 87.9 | 62.8 | 63.3 | 63.6 | 64.2 | 65.2 | 65.0 | 65.9 | 66.6 | 31.8 | 32.5 | 32.0 | 32.7 | 33.4 | 34.1 | 10.8 | 0 | 0.2 | 0 | 0.1 | |
| Stockholders' Equity | 2,606.2 | 1,499.9 | 1,631.3 | 1,596.9 | 1,865.4 | 2,078.2 | 2,265.2 | 1,566.3 | 1,618.8 | 1,725.5 | 1,826.2 | 837.5 | 930.8 | 952.2 | 685.2 | 681.4 | 498.8 | 551.0 | 602.6 | 638.2 | 685.0 | 722.6 | 474.7 | 505.1 | 360.5 | 385.3 | 152.5 | 165.7 | 96.7 | 96.7 | |
| Cash Flow | |||||||||||||||||||||||||||||||
| Operating Cash Flow | (741.5) | (354.2) | (274.2) | (207.3) | (221.8) | (194.4) | (138.3) | (130.4) | (128.2) | (160.6) | (120.6) | (100.5) | (67.1) | (62.4) | (61.8) | (51.7) | (55.7) | (55.2) | (39.3) | (36.6) | (34.1) | (37.2) | (25.0) | (27.0) | (20.0) | (28.0) | (11.7) | (13.9) | (11.5) | (12.6) | (11.8) |
| Capital Expenditure | (3.8) | (1.5) | (1.9) | (3.3) | (7.5) | (3.3) | (1.2) | (3.5) | (2.4) | (3.2) | (2.3) | (2.5) | (1.1) | (1.8) | (2.9) | (3.5) | (2.5) | (1.9) | (1.2) | (0.5) | (1.3) | (3.6) | (1.2) | (0.7) | (0.5) | (0.6) | (0.5) | (1.1) | (0.6) | (0.3) | (0.2) |
| Free Cash Flow | (745.3) | (355.7) | (276.2) | (210.7) | (229.2) | (197.7) | (139.5) | (133.9) | (130.6) | (163.7) | (122.9) | (103.0) | (68.2) | (64.1) | (64.7) | (55.3) | (58.2) | (57.0) | (40.4) | (37.0) | (35.4) | (40.8) | (26.2) | (27.7) | (20.5) | (28.6) | (12.2) | (15.0) | (12.1) | (12.9) | (12.0) |