SolarEdge Technologies, Inc. logo SEDG - SolarEdge Technologies, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 10
HOLD 28
SELL 10
STRONG
SELL
0
| PRICE TARGET: $35.90 DETAILS
HIGH: $53.00
LOW: $24.00
MEDIAN: $36.00
CONSENSUS: $35.90
DOWNSIDE: 15.73%
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
Revenue
Revenue 310.5 335.4 340.2 289.4 219.5 170.7 260.9 265.4 204.4 316.0 725.3 991.3 943.9 890.7 836.7 727.8 655.1 551.9 526.4 480.1 405.5 358.1 338.1 331.9 431.2 418.2 410.6 325.0 271.9 263.7 236.6 227.1 209.9 189.3 166.6 136.1 115.1 111.5 128.5 124.8 125.2 124.8 115.1 98.4 86.4 73.3 67.0 44.6 30.6 27.6 30.5
Cost of Revenue 242.3 261.0 282.6 257.3 201.9 308.5 963.2 276.4 225.3 372.5 582.5 674.0 643.8 629.7 614.7 545.1 476.1 391.4 353.8 323.9 265.4 247.8 230.0 228.9 291.2 275.0 271.2 214.3 185.8 184.0 158.6 145.2 130.3 118.4 108.5 89.0 76.4 72.5 86.6 85.6 84.5 86.2 81.5 70.1 62.7 57.5 52.9 35.8 24.3 24.6 26.5
Gross Profit 68.2 74.4 57.6 32.1 17.5 (137.7) (702.3) (11.0) (20.9) (56.4) 142.8 317.3 300.1 261.0 222.0 182.6 179.0 160.5 172.6 156.2 140.1 110.3 108.1 103.0 140.0 143.2 139.3 110.7 86.1 79.7 78.0 81.9 79.6 71.0 58.1 47.1 38.7 39.0 41.9 39.1 40.7 38.6 33.5 28.3 23.7 15.8 14.0 8.7 6.2 3.0 4.1
Operating Expenses
R&D Expenses 50.2 51.7 54.1 53.4 62.0 62.2 70.4 69.3 75.4 75.0 80.1 86.5 79.9 79.0 69.7 74.8 66.3 64.3 55.7 52.7 47.0 47.5 40.8 38.1 36.7 34.9 30.7 29.5 26.2 24.7 20.1 19.6 17.9 16.4 14.4 12.7 11.5 10.3 9.9 9.2 8.7 8.3 7.0 6.7 5.5 4.8 5.1 4.6 4.9 4.7 4.1
SG&A Expenses 63.8 56.5 53.2 48.5 60.1 66.9 78.6 79.0 68.8 73.4 79.5 80.4 77.5 72.7 70.7 67.1 61.7 55.1 50.5 48.8 46.8 46.9 36.9 34.9 40.4 35.4 34.2 35.8 31.9 31.0 23.8 21.7 21.0 20.0 18.3 15.2 15.2 13.5 13.7 12.0 12.3 11.0 11.7 9.7 8.4 6.8 6.6 6.6 5.9 5.1 4.4
Other Expenses 0 (2.1) (14.7) 45.7 (1.9) 22.3 233.9 1.0 (2.1) 32.7 0 0 (1.4) 114.6 (2.7) 4.7 0 0 0 (0.9) 2.2 1.5 0 0 (4.9) 22.4 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
Operating Expenses 113.9 106.1 92.7 147.6 120.3 151.4 382.9 149.2 142.1 181.2 159.5 166.9 156.0 266.2 137.6 146.6 128.1 119.5 106.1 100.6 95.9 95.9 77.7 73.0 72.2 92.7 73.3 65.3 58.1 55.8 43.9 41.3 38.8 36.4 32.7 28.0 26.7 28.2 23.6 21.2 21.0 19.3 18.7 16.4 13.9 11.5 11.7 11.2 10.8 10.2 8.9
Operating Income
Operating Income (45.7) (31.8) (35.1) (115.5) (102.7) (289.1) (1,085.3) (160.2) (163.0) (237.6) (16.7) 150.4 144.2 (5.2) 84.4 36.0 50.9 41.0 66.4 55.6 44.1 14.4 30.4 30.0 67.8 50.5 66.0 45.4 28.0 24.0 34.0 40.7 40.8 34.6 25.4 19.1 12.0 15.1 18.2 17.9 19.7 19.3 14.9 11.9 9.8 4.2 2.4 (2.4) (4.5) (6.9) (4.5)
Interest Expense 1.0 77.8 0 3.1 0 12.4 0 0 7.7 0 7.9 0 0 0.3 32.9 14.3 4.6 0 5.8 1.7 6.1 22.7 0 0 16.6 0 17.0 0 6.2 0 0.7 2.5 0 3.3 0 0 0 0 0 0 0 1.0 0.1 0 3.4 0.5 0.1 0 0.6 0 0
Interest Income 0 0 3.0 0 10.1 0 4.8 0 0 22.1 0 3.4 23.7 56.1 0 0 0 16.2 0 0 0 0 15.8 11.6 0 21.5 0 0.8 0 5.6 0 0 0.6 0 2.7 3.6 1.4 1.1 0.4 0.1 2.0 0 0 2.1 0 0 0.6 0.3 0 0.5 0.5
Profitability
EBITDA (49.1) (54.3) (40.3) (64.9) (90.7) (501.6) (839.5) (143.3) (158.1) (175.9) (1.9) 167.0 156.2 19.2 94.9 53.2 61.7 39.6 76.5 64.3 55.6 52.4 38.6 37.9 75.1 42.5 73.0 52.6 33.9 28.5 37.4 43.3 43.2 38.3 27.2 20.7 13.5 16.6 19.5 19.5 20.7 19.3 14.9 8.2 10.3 4.8 2.9 (2.7) (4.0) (6.4) (4.1)
EBIT (55.0) (54.9) (47.5) (69.2) (102.7) (514.3) (856.3) (158.8) (173.1) (191.1) (17.2) 153.7 142.7 6.8 81.7 40.7 50.0 29.1 66.4 54.7 46.3 44.0 30.4 30.0 67.8 35.7 66.0 45.4 28.0 24.2 34.0 40.7 40.8 43.7 28.1 19.1 12.0 15.1 18.2 18.4 19.7 19.3 14.9 7.6 9.8 4.2 2.4 (3.2) (4.5) (6.9) (4.5)
Income Before Tax (56.1) (132.7) (47.5) (119.1) (92.5) (301.9) (1,083.6) (143.1) (180.8) (215.2) (25.1) 153.7 167.7 51.1 58.9 21.7 45.4 34.7 60.7 53.8 38.0 24.8 46.2 41.5 51.2 61.6 49.0 46.1 21.9 24.2 33.3 38.2 41.3 36.1 28.1 22.7 13.4 12.0 18.6 17.4 21.8 18.3 14.8 10.1 6.4 3.8 2.9 (2.9) (5.2) (7.8) (5.3)
Income Tax Expense 1.3 (0.6) 2.6 5.7 6.0 11.0 121.7 (12.2) (23.8) (53.2) 36.1 34.2 29.3 30.3 34.2 6.6 12.3 (6.2) 7.6 8.7 8.0 7.2 2.4 4.9 8.9 9.2 7.3 13.2 3.9 12.1 (12.3) 3.6 5.7 16.6 0.1 0.2 (0.8) 2.2 3.0 0.1 1.0 (5.8) 0.4 0.8 0.4 0.4 0.3 0.1 0.1 0.0 0.0
Net Income (57.4) (132.1) (50.1) (124.7) (98.5) (312.9) (1,205.3) (130.8) (157.3) (162.4) (61.2) 119.5 138.4 20.8 24.7 15.1 33.1 41.0 53.0 45.1 30.1 17.7 43.8 36.7 42.2 52.8 41.6 33.1 19.0 12.9 45.6 34.6 35.7 19.5 28.0 22.5 14.2 9.8 15.6 17.3 20.8 24.1 14.4 9.3 6.0 3.4 2.5 (3.0) (5.2) (7.8) (5.3)
Per Share Data
EPS (Basic) -0.96 -2.21 -0.84 -2.15 -1.70 -5.00 -21.13 -2.31 -2.75 -2.85 -1.08 2.12 2.46 0.37 0.42 0.27 0.59 0.78 1.01 0.87 0.58 0.34 0.87 0.74 0.86 1.08 0.86 0.69 0.40 0.28 1.00 0.76 0.81 0.45 0.66 0.54 0.34 0.23 0.38 0.42 0.52 0.61 0.37 0.09 0.15 0.09 0.08 -0.10 -0.18 -0.26 -0.18
EPS (Diluted) -0.96 -2.21 -0.84 -2.15 -1.70 -5.00 -21.13 -2.31 -2.75 -2.85 -1.08 2.03 2.35 0.35 0.42 0.26 0.59 0.74 0.96 0.82 0.55 0.33 0.83 0.70 0.81 1.03 0.81 0.66 0.39 0.27 0.95 0.72 0.75 0.42 0.61 0.50 0.32 0.22 0.35 0.39 0.47 0.55 0.32 0.09 0.14 0.09 0.08 -0.10 -0.17 -0.25 -0.17
Shares Outstanding 59.8 59.8 58.1 58.1 58.1 57.5 57.0 56.7 57.1 56.9 56.7 56.4 56.2 56.1 58.7 55.5 56.3 52.5 52.4 52.1 51.7 51.9 50.5 49.8 49.2 48.9 48.4 48.0 47.5 46.2 45.6 45.5 44.1 43.3 42.4 41.7 41.3 42.4 41.1 40.8 40.4 39.5 39.3 39.2 38.6 38.1 29.7 29.7 29.7 29.7 29.7
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 2013 Q3
Current Assets
Cash & Cash Equivalents 553.4 455.1 439.5 545.2 401.4 274.6 303.9 259.5 214.2 338.5 551.1 557.7 727.8 783.1 678.3 745.5 1,002.8 530.1 526.6 524.1 685.2 827.1 1,048.1 428.4 324.1 223.9 247.3 176.6 226.5 187.8 192.9 214.5 229.2 163.2 149.4 113.5 119.9 104.7 90.0 74.0 84.1 106.2 146.7 144.8 135.2 23.8 34.7 9.8 (13.1)
Short-Term Investments 29.3 38.1 59.1 212.8 250.3 311.3 374.9 430.3 466.4 521.6 477.3 493.2 410.8 241.1 202.6 150.3 158.6 167.7 155.6 159.2 182.7 203.8 130.6 116.5 103.2 96.9 91.1 115.6 113.1 128.6 156.0 134.8 81.2 77.3 81.5 80.2 81.8 74.5 61.8 59.2 44.1 27.1 0 0 0 0 0 0 26.3
Net Receivables 222.7 267.4 286.3 309.0 240.9 342.4 622.3 443.5 526.3 780.8 1,049.0 1,291.6 1,174.1 1,059.0 785.3 669.1 676.8 527.4 416.2 343.7 271.7 275.3 183.1 181.7 235.7 382.3 292.2 237.8 187.5 201.9 151.1 118.1 127.5 143.2 91.7 79.9 79.3 88.9 84.9 88.1 56.1 46.7 47.4 60.5 45.1 44.2 26.8 29.5 0
Inventory 596.8 552.6 530.8 529.3 636.6 645.9 798.4 1,505.1 1,549.1 1,443.4 1,177.8 984.2 874.2 729.2 561.4 470.3 432.5 380.1 304.7 321.9 340.0 331.7 297.0 264.5 198.6 170.8 134.3 148.9 150.8 141.5 107.2 102.0 98.4 83.0 62.4 56.2 60.9 67.4 68.4 81.5 85.5 87.4 79.9 74.0 64.5 47.6 29.7 25.5 0
Other Current Assets 414.5 426.6 415.1 352.7 433.2 434.9 (19.7) 220.9 233.0 190.4 108.3 122.4 55.1 87.2 224.2 248.6 191.7 63.4 1.1 2.5 2.5 50.0 2.2 2.1 27.5 44.0 1.6 1.1 1.8 6.6 2.1 2.0 1.8 4.9 1.4 1.1 1.0 22.2 0.9 4.1 0.9 3.4 3.6 8.2 3.6 4.5 22.2 2.5 0
Total Current Assets 1,816.7 1,739.8 1,767.5 1,971.9 1,989.7 2,034.3 2,118.1 2,893.2 2,989.1 3,304.3 3,363.5 3,449.1 3,242.1 2,899.7 2,451.8 2,283.8 2,462.3 1,711.3 1,552.6 1,488.9 1,585.1 1,719.3 1,745.0 1,073.0 955.9 932.8 834.8 730.5 717.5 677.3 655.7 616.0 571.2 476.7 424.6 364.9 369.5 339.8 323.4 309.8 289.3 295.0 298.3 290.4 273.7 123.7 113.5 69.3 13.1
Non-Current Assets
Property, Plant & Equipment 315.1 317.5 360.2 371.9 388.5 384.8 467.0 649.1 664.7 678.7 672.1 646.9 625.8 606.7 554.0 547.5 533.3 457.5 392.7 378.6 352.0 345.0 294.7 263.4 233.9 212.8 184.3 177.0 163.8 119.3 73.4 68.5 61.2 51.2 45.7 42.0 37.9 36.1 30.4 27.8 26.2 21.4 17.3 14.7 11.9 7.4 5.8 5.4 0
Goodwill 49.9 50.1 50.5 51.3 48.6 48.4 51.9 52.0 41.5 43.0 41.2 42.3 29.9 31.2 108.9 116.2 127.1 129.6 131.8 136.0 134.6 140.5 133.2 128.3 125.5 129.7 32.6 33.7 34.2 34.9 2.8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 6.4 7.1 7.8 8.4 8.9 9.7 11.2 36.8 33.0 35.3 41.9 43.7 17.9 19.9 46.3 50.4 55.7 58.9 61.6 61.9 64.2 67.8 68.1 68.2 69.1 74.0 168.2 177.7 177.2 38.5 3.8 0 0 1.1 0 0 0.7 1.3 0.7 0.7 0.7 0.8 0.8 0 0 0 0 0 0
Long-Term Investments 0 0 6.4 45.5 55.3 63.6 78.6 147.7 284.4 415.5 444.1 444.3 509.1 647.4 688.8 709.6 449.7 482.2 473.3 457.4 294.8 147.4 21.0 45.7 103.9 119.2 92.9 79.6 57.3 74.3 102.2 86.1 88.6 103.1 72.4 80.0 44.9 44.3 54.0 52.4 43.2 25.3 0 0 0 0 0 0 0
Other Non-Current Assets 72.5 67.6 40.0 41.3 34.2 89.4 89.6 37.6 31.6 30.0 28.1 20.2 24.9 16.9 15.6 32.0 23.6 33.9 23.1 21.6 16.5 5.4 5.6 8.2 8.5 9.9 7.7 8.5 12.3 5.5 1.1 1.0 0.8 0.9 0.7 0.6 (0.1) 3.3 0.4 0.4 0.4 0.5 0.6 0.5 0.4 2.2 0.9 0.4 (13.1)
Total Non-Current Assets 443.8 442.3 464.8 518.5 535.5 595.9 698.3 1,055.0 1,177.8 1,283.4 1,287.7 1,247.4 1,254.4 1,366.3 1,451.8 1,489.0 1,220.6 1,189.7 1,104.3 1,075.4 879.5 717.8 533.3 532.8 557.9 561.9 502.8 491.1 459.4 287.2 196.5 167.2 160.3 164.6 124.6 127.5 87.5 84.9 89.6 87.7 77.0 54.6 18.7 15.2 12.3 9.6 6.7 5.7 (13.1)
Total Assets 2,260.5 2,182.2 2,232.3 2,490.4 2,525.2 2,630.2 2,816.4 3,948.2 4,166.8 4,587.7 4,651.2 4,696.6 4,496.4 4,265.9 3,903.5 3,772.8 3,682.9 2,901.0 2,656.8 2,564.3 2,464.6 2,437.1 2,278.3 1,605.8 1,513.8 1,494.6 1,337.6 1,221.7 1,176.9 964.5 852.2 783.2 731.6 641.3 549.2 492.4 457.0 424.7 412.9 397.4 366.4 349.6 317.0 305.7 286.0 133.3 120.1 75.0 0
Current Liabilities
Account Payables 404.5 272.0 283.5 178.7 135.4 93.5 94.7 134.4 171.4 386.5 399.3 434.6 408.5 459.8 311.6 253.4 241.6 252.1 137.6 141.2 122.1 162.1 122.1 158.3 139.1 157.1 132.2 116.8 90.2 107.1 83.5 81.6 83.1 69.5 42.7 36.0 43.7 34.0 40.3 48.5 45.1 62.0 67.2 80.7 36.2 43.6 41.1 39.4 0
Short-Term Debt 14.8 0 0 341.9 341.5 346.3 345.9 0 0 0 0 0 0 0 0 0 0 0.1 0.1 0.1 16.2 16.9 15.6 15.3 15.0 15.7 16.9 16.5 17.2 16.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.4 22.7 16.8 0
Deferred Revenue 38.5 70.4 45.9 37.2 76.5 140.9 27.4 28.5 36.1 40.8 22.1 28.1 27.5 26.6 31.9 30.5 25.5 17.8 16.9 16.1 21.1 24.6 27.3 25.6 30.7 70.8 15.0 15.7 13.5 14.4 5.8 3.4 3.0 2.6 2.7 3.0 1.0 0 2.4 3.9 2.6 2.0 2.2 1.7 1.1 1.7 0 1.7 0
Other Current Liabilities 357.5 461.1 130.3 130.9 131.2 144.4 169.6 175.0 184.4 189.0 177.9 340.4 355.9 106.7 263.8 244.8 202.7 85.1 67.1 64.9 63.4 68.5 166.7 157.2 145.9 65.1 62.8 116.6 86.8 58.6 53.2 45.4 42.8 18.4 29.3 25.3 22.1 36.5 15.1 16.9 13.5 11.9 10.6 10.7 7.7 7.9 26.9 6.8 0
Total Current Liabilities 897.3 803.5 774.8 1,016.7 974.4 1,041.1 903.8 566.8 658.9 893.2 876.7 897.7 900.0 889.7 694.5 612.2 568.7 525.2 405.5 399.6 397.7 436.1 382.5 405.1 389.7 436.7 335.4 293.8 248.1 225.7 166.2 154.0 158.6 129.8 92.4 78.7 78.6 70.5 78.5 87.3 81.4 95.9 96.3 105.6 103.4 95.1 90.7 72.9 0
Non-Current Liabilities
Long-Term Debt 331.9 368.2 331.2 330.8 330.4 330.0 329.6 638.7 628.1 627.4 626.6 625.9 625.2 624.5 623.7 623.0 622.3 621.5 620.8 620.1 619.4 573.4 570.3 0 0 0.2 4.1 5.5 7.0 3.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.3 2.3 3.4 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0.4 0 0 8.6 5.2 1.1 2.2 4.5 7.8 8.7 8.5 1.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.0 0 0.8 0
Other Non-Current Liabilities 249.0 234.5 298.5 308.1 311.3 300.5 329.3 337.9 339.1 353.6 358.5 358.8 328.9 296.8 264.5 250.3 220.8 213.1 194.9 182.1 167.8 156.6 149.3 141.7 127.1 119.0 141.3 129.9 124.9 102.3 93.4 96.8 90.9 82.6 60.5 54.8 50.2 0 43.4 39.4 35.4 31.4 27.7 24.8 25.0 22.6 20.3 16.2 0
Total Non-Current Liabilities 952.5 951.2 977.8 960.5 956.5 930.8 956.2 1,275.2 1,267.4 1,282.6 1,284.1 1,278.6 1,245.6 1,199.9 1,156.9 1,133.1 1,103.6 1,065.7 1,009.2 986.9 966.9 915.3 863.7 276.0 257.7 246.2 265.0 247.9 231.3 168.0 147.1 144.4 132.7 114.1 87.3 78.5 71.1 0 59.5 54.1 48.7 42.8 37.5 33.1 32.0 26.0 22.6 21.1 0
Total Liabilities 1,849.8 1,754.7 1,752.5 1,977.2 1,931.0 1,971.9 1,860.0 1,842.0 1,926.3 2,175.8 2,160.7 2,176.4 2,145.6 2,089.6 1,851.4 1,745.2 1,672.4 1,590.9 1,414.8 1,386.5 1,364.7 1,351.4 1,246.3 681.0 647.4 683.0 600.4 541.6 479.4 393.7 313.2 298.3 291.4 243.8 179.8 157.2 149.7 70.5 138.0 141.3 130.1 138.6 133.8 138.7 135.5 121.1 113.3 94.1 0
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 0.0 0.0 0.0 0.0 0.0 0.0 0 0
Retained Earnings (1,491.0) (1,433.6) (1,301.5) (1,251.5) (1,126.7) (1,028.2) (715.3) 490.0 620.9 778.2 940.5 1,001.7 882.2 743.8 723.0 698.3 683.2 650.1 609.1 556.1 511.0 478.0 460.3 416.6 379.9 337.7 284.9 243.3 210.1 191.1 178.2 132.6 98.0 66.2 46.7 18.7 (3.8) (18) (27.8) (43.4) (60.7) (81.5) (105.6) (120.0) (129.3) (135.2) (138.6) (141.1) 0
Accumulated Other Comprehensive Income 4.9 (11.7) (64.0) (57.9) (74.6) (76.5) (57.3) (78.0) (66.6) (46.9) (83.9) (77.4) (77.2) (73.1) (128.3) (89.6) (46.1) (27.3) (19.1) (3.5) (6.8) 3.9 (2.6) (3.4) (5.4) (1.8) (3.4) (0.9) (1.2) (0.5) (1.0) (1.1) (1.1) (0.6) (0.3) (0.4) (0.0) (0.3) 0.1 0.3 0.4 (0.3) (0.2) (0.2) (0.3) (0.2) (0.2) (0.1) (115.0)
Total Stockholders' Equity 410.7 427.5 479.8 513.2 594.2 658.3 956.4 2,106.2 2,240.6 2,411.9 2,490.4 2,520.2 2,350.8 2,176.4 2,052.1 2,027.5 2,010.5 1,310.0 1,242.1 1,177.8 1,099.9 1,085.8 1,032.0 924.8 866.4 811.7 732.0 674.1 626.3 562.4 539.0 484.9 440.2 397.5 369.5 335.2 307.2 288.8 274.9 256.1 236.2 210.9 183.2 166.9 150.5 12.2 6.9 (19.1) (8.7)
Total Liabilities & Equity 2,260.5 2,182.2 2,232.3 2,490.4 2,525.2 2,630.2 2,816.4 3,948.2 4,166.8 4,587.7 4,651.2 4,696.6 4,496.4 4,265.9 3,903.5 3,772.8 3,682.9 2,901.0 2,656.8 2,564.3 2,464.6 2,437.1 2,278.3 1,605.8 1,513.8 1,494.6 1,337.6 1,221.7 1,176.9 964.5 852.2 783.2 731.6 641.3 549.2 492.4 457.0 359.3 412.9 397.4 366.4 349.6 317.0 305.7 286.0 133.3 120.1 75.0 (8.7)
Debt Metrics
Total Debt 404.3 423.4 415.8 759.6 758.1 757.3 758.4 729.1 729.5 732.0 733.6 735.0 737.0 735.5 730.9 727.8 738.7 713.8 677.8 676.9 693.2 662.6 615.4 45.2 45.4 58.0 60.4 62.1 57.9 20.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.7 25.0 20.2 0
Net Debt (149.0) (31.7) (23.7) 214.3 356.7 482.7 454.5 469.6 515.3 393.6 182.5 177.3 9.1 (47.6) 52.6 (17.7) (264.1) 183.7 151.2 152.8 8 (164.5) (432.7) (383.1) (278.7) (165.9) (186.9) (114.5) (168.6) (167.6) (192.9) (214.5) (229.2) (163.2) (149.4) (113.5) (119.9) (104.7) (90.0) (74.0) (84.1) (106.2) (146.7) (144.8) (135.2) (19.1) (9.8) 10.5 13.1
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 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3
Operating Activities
Net Income (57.4) (132.1) (50.1) (124.7) (98.5) (312.9) (1,205.3) (130.8) (157.3) (162.4) (61.2) 119.5 138.4 20.8 24.7 15.1 33.1 41.0 53.0 45.1 30.1 17.7 43.8 36.7 42.2 52.3 41.7 32.9 18.0 12.1 45.6 34.6 35.7 19.5 28.0 22.5 14.2 9.8 15.6 17.3 20.8 24.1 14.4 9.3 6.0 3.4 2.5 (3.0) (5.2) (7.8) (5.3)
Depreciation & Amortization 5.9 0.6 7.2 4.2 12.0 12.7 16.8 15.4 15.0 15.2 15.3 13.3 13.5 12.4 13.2 12.5 11.7 10.6 10.1 9.6 9.3 8.4 8.2 7.9 7.3 6.8 7.0 7.2 5.8 4.2 3.3 2.6 2.4 2.2 1.8 1.6 1.5 1.5 1.3 1.2 1.0 0.9 0.8 0.6 0.5 0.6 0.5 0.5 0.5 0.5 0.5
Stock-Based Compensation 0 0 21.9 19.3 31.4 24.4 36.6 38.6 37.6 34.9 36.8 39.0 39.2 38.6 0 37.1 34.1 29.2 26.2 24.1 23.2 24.3 16.3 14.0 12.8 21.7 17.6 11.4 9.7 8.7 8.0 7.1 6.8 5.4 4.5 4.0 3.6 3.5 3.1 2.4 2.6 2.2 1.8 1.2 1.0 0.5 0.3 0.3 0.3 0.3 0.3
Change in Working Capital 48.7 68.1 27.3 36.3 90.6 169.5 82.3 54.8 (82.6) (16.1) 43.0 (255.9) (161.6) (15.6) (100.3) (17.1) (246.7) 4.7 (28.3) (40.8) (53.8) (31.5) (41.6) 3.5 49.1 2.8 5.3 (0.2) 23.8 21.3 (22.8) (0.7) 18.2 17.9 (1.3) 3.0 6.0 13.0 4.0 (3.1) (9.3) (14.2) (11.1) 1.2 (22.0) 5.2 (3.2) (2.7) (0.5) (0.2) (8.3)
Other Non-Cash Items 27.2 115.8 19.5 56.9 (0.7) 119.3 875.0 (13.8) 12.2 13.3 17.2 (0.8) (17.6) 62.3 70.7 29.9 5.9 9.5 3.5 2.6 17.5 5.8 0.6 0.8 (0.9) (0.6) 0.0 0.5 0.1 0.5 0.2 0.2 0.8 0.8 0.5 0.4 0.4 (3.0) 0.3 0.3 0.2 0.0 0.0 3.4 1.5 0.1 (0.5) (0.1) 0.0 3.0 9.2
Operating Cash Flow 24.4 52.6 25.6 (7.8) 33.8 12.3 (63.9) (44.8) (217.0) (139.9) 40.6 (88.7) 7.9 111.3 5.6 77.4 (163.0) 89.6 61.8 38.7 24.1 27.2 28.4 59.3 107.7 83.1 68.7 50.8 56.5 46.9 34.3 43.9 64.0 45.8 33.5 31.6 25.7 24.7 24.4 18.0 15.3 13.1 5.9 15.7 (13.0) 9.7 (0.3) (5.0) (4.9) (4.2) (3.8)
Investing Activities
Capital Expenditure (3.7) (9.3) (2.8) (1.3) (10.1) (12.3) (47.4) (32.2) (26.3) (40.5) (46.5) (45.7) (38.3) (44.3) (33.2) (48.7) (43.2) (55.1) (28.9) (40.7) (24.5) (36.2) (36.8) (26.7) (27.1) (32.9) (17.4) (11.6) (10.6) (8.6) (8.7) (10.1) (11.3) (8.2) (5.6) (5.7) (1.9) (7.2) (3.8) (4.1) (5.9) (2.3) (4.1) (3.5) (5.1) (2.1) (1.0) (0.7) (0.8) (1.0) (0.5)
Acquisitions (2.6) 6.6 (0.1) (3.5) 0 8.9 1.2 (11.7) (8.8) 1.3 (1.2) (17.9) (5.5) 0.2 24.2 0 0 3.0 (3.0) 0 0 0 0 0 0 0 0 0.9 (39.3) (83.5) (11.2) 0 0 0 0.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments 0 (16.5) (281.9) (100.3) (72.5) (52.4) (45.6) (42.9) (138.1) (81.9) (90.4) (85.2) (39.0) (45.9) (99.4) (335.4) (26.7) (67.8) (105.8) (235.9) (186.5) (241.7) (14.6) (4.9) (31.9) (56.3) (40.1) (48.3) (15.3) 2.3 (53.8) (64.0) (25.4) (61.2) (8.4) (50.0) (24.1) 0 (19.9) (29.6) (36.0) 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 8.8 30.5 466.5 149.7 142.9 130.5 170.9 213.0 319.6 85.6 107.8 75.2 11.6 52.8 52.1 73.2 53.1 38.2 74.6 93.4 56.9 40.1 1.0 76.4 39.0 23.9 55.3 20.0 48.4 57.7 17.0 12.0 34.5 33.8 14.8 16.0 15.7 0 15.3 5.3 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities (22.9) (3.2) 53.9 23.9 7.2 22.8 (3.5) (32.0) 2.6 (45.2) (13.4) 6.9 3.4 0.7 1.7 0.1 1.7 (4.6) 1.1 0.9 0.6 0.5 24.3 2.0 0.0 (29.2) (3.9) 3.9 (0.2) (83.5) (0.0) (0.2) 9.1 (0.1) 0.3 (0.2) (0.2) (4.1) (0.0) 0.1 3.5 (52.7) (0.7) (0.2) (0.2) (1.9) 0.0 (0.2) 0.0 (0.0) 0.0
Investing Cash Flow (20.4) 8.1 235.6 68.6 67.6 97.5 75.5 94.2 149.0 (80.7) (43.7) (76.7) (67.8) (36.5) (54.6) (310.8) (15.1) (86.3) (62.0) (182.4) (153.6) (237.3) (26.2) 46.8 (19.9) (94.5) (6.2) (35.2) (17.0) (32.1) (56.6) (62.2) (2.3) (35.7) 1.2 (39.9) (10.4) (11.3) (8.5) (28.3) (38.5) (55.1) (4.0) (3.7) (5.3) (4.0) (1.0) (0.9) (0.8) (1.0) (0.4)
Financing Activities
Net Debt Issuance 0 (342.2) (342.2) 0 (5.1) (35.6) 35.6 0.5 0 (0.8) (0.7) (1.4) 0 (0.0) (0.1) 0 0 0.1 0.2 (16.4) (0.0) 1.0 618.3 (0.1) 0.1 (3.1) (1.5) (3.7) (1.0) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (4.3) (20.1) 5.2 1.2 0.5 0 0
Stock Repurchased 0 0 0 0 0 0.1 (0.3) (0.0) (50) 0.0 (0.5) 0 0 0 0 0 0 2.3 1.9 (4.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (2.5) 0 0 0 (7.1) 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 (5.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (1.9) 342.9 (0.7) (0.4) (1.2) 35.2 (4.5) (0.2) (1.0) 6.0 (0.0) (3.4) (5.3) 7.0 (3.0) (5.6) 1.8 (4.7) (0.3) (0.3) (0.3) 2.2 10.1 5.8 3.3 (1.6) 0.6 (61.0) (1.7) (18.0) 0.3 3.0 4.6 3.4 1.7 1.8 0.4 1.3 0.3 0.1 1.2 1.5 0.0 0.0 134.3 (0.3) 0.0 (7.1) 7.1 4.3 1.6
Financing Cash Flow 2.0 0.6 (342.9) (0.4) (6.2) (0.3) 30.8 0.3 (51.0) (0.7) (1.2) (4.9) (5.2) 7.5 (1.3) (3.9) 652.3 4.3 1.8 (19.1) (2.1) 3.2 628.3 5.7 3.3 (4.7) (0.9) (64.8) (2.6) (15.9) 0.3 3.0 4.6 3.4 1.7 1.8 0.4 1.0 0.3 0.1 1.2 1.5 0.0 (2.5) 129.8 (16.6) 26.2 4.1 7.6 4.3 1.6
Cash Position
Net Change in Cash 13.5 52.9 (85.5) 66.7 95.9 106.0 44.4 45.3 (124.2) (212.7) (6.6) (170.1) (55.3) 104.8 (67.2) (257.2) 472.7 2.4 1.0 (161.1) (142.1) (221.0) 619.7 104.3 100.2 (23.4) 70.8 (49.9) 38.7 (1.7) (21.6) (16.4) 66.3 13.7 37.4 (6.5) 15.2 (16.0) 16.0 (10.0) (22.1) (40.6) 2.0 9.5 111.4 (11.0) 25.0 (1.7) 1.9 (0.9) (2.7)
Cash at Beginning 539.8 487.0 572.5 505.8 409.9 303.9 259.5 214.2 338.5 551.1 557.7 727.8 783.1 678.3 745.5 1,002.8 530.1 527.7 526.6 687.7 829.8 1,048.1 428.4 324.1 223.9 247.3 176.6 226.5 187.8 195.0 214.5 231.0 164.7 149.4 113.5 119.9 104.7 90.0 74.0 84.1 106.2 146.7 144.8 135.2 23.8 34.7 9.8 11.5 9.6 10.5 13.1
Cash at End 553.4 539.8 487.0 572.5 505.8 409.9 303.9 259.5 214.2 338.5 551.1 557.7 727.8 783.1 678.3 745.5 1,002.8 530.1 527.7 526.6 687.7 827.1 1,048.1 428.4 324.1 223.9 247.3 176.6 226.5 193.3 192.9 214.5 231.0 163.2 150.8 113.5 119.9 74.0 90.0 74.0 84.1 106.2 146.7 144.8 135.2 23.8 34.7 9.8 11.5 9.6 10.5
Free Cash Flow 20.7 43.3 22.8 (9.1) 23.7 0.1 (111.2) (77.0) (243.4) (180.4) (6.0) (134.4) (30.4) 67.0 (27.6) 28.7 (206.2) 34.5 32.9 (2.0) (0.5) (9.0) (8.5) 32.7 80.7 50.2 51.3 39.2 45.8 38.3 25.7 33.8 52.7 37.6 27.9 25.9 23.8 17.5 20.6 13.9 9.4 10.8 1.9 12.2 (18.2) 7.5 (1.3) (5.7) (5.7) (5.2) (4.2)
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
Income Statement
Revenue 310.5 335.4 340.2 289.4 219.5 170.7 260.9 265.4 204.4 316.0 725.3 991.3 943.9 890.7 836.7 727.8 655.1 551.9 526.4 480.1 405.5 358.1 338.1 331.9 431.2 418.2 410.6 325.0 271.9 263.7 236.6 227.1 209.9 189.3 166.6 136.1 115.1 111.5 128.5 124.8 125.2 124.8 115.1 98.4 86.4 73.3 67.0 44.6 30.6 27.6 30.5
Gross Profit 68.2 74.4 57.6 32.1 17.5 (137.7) (702.3) (11.0) (20.9) (56.4) 142.8 317.3 300.1 261.0 222.0 182.6 179.0 160.5 172.6 156.2 140.1 110.3 108.1 103.0 140.0 143.2 139.3 110.7 86.1 79.7 78.0 81.9 79.6 71.0 58.1 47.1 38.7 39.0 41.9 39.1 40.7 38.6 33.5 28.3 23.7 15.8 14.0 8.7 6.2 3.0 4.1
Operating Income (45.7) (31.8) (35.1) (115.5) (102.7) (289.1) (1,085.3) (160.2) (163.0) (237.6) (16.7) 150.4 144.2 (5.2) 84.4 36.0 50.9 41.0 66.4 55.6 44.1 14.4 30.4 30.0 67.8 50.5 66.0 45.4 28.0 24.0 34.0 40.7 40.8 34.6 25.4 19.1 12.0 15.1 18.2 17.9 19.7 19.3 14.9 11.9 9.8 4.2 2.4 (2.4) (4.5) (6.9) (4.5)
Net Income (57.4) (132.1) (50.1) (124.7) (98.5) (312.9) (1,205.3) (130.8) (157.3) (162.4) (61.2) 119.5 138.4 20.8 24.7 15.1 33.1 41.0 53.0 45.1 30.1 17.7 43.8 36.7 42.2 52.8 41.6 33.1 19.0 12.9 45.6 34.6 35.7 19.5 28.0 22.5 14.2 9.8 15.6 17.3 20.8 24.1 14.4 9.3 6.0 3.4 2.5 (3.0) (5.2) (7.8) (5.3)
EPS (Diluted) -0.96 -2.21 -0.84 -2.15 -1.70 -5.00 -21.13 -2.31 -2.75 -2.85 -1.08 2.03 2.35 0.35 0.42 0.26 0.59 0.74 0.96 0.82 0.55 0.33 0.83 0.70 0.81 1.03 0.81 0.66 0.39 0.27 0.95 0.72 0.75 0.42 0.61 0.50 0.32 0.22 0.35 0.39 0.47 0.55 0.32 0.09 0.14 0.09 0.08 -0.10 -0.17 -0.25 -0.17
Balance Sheet
Cash & Equivalents 553.4 455.1 439.5 545.2 401.4 274.6 303.9 259.5 214.2 338.5 551.1 557.7 727.8 783.1 678.3 745.5 1,002.8 530.1 526.6 524.1 685.2 827.1 1,048.1 428.4 324.1 223.9 247.3 176.6 226.5 187.8 192.9 214.5 229.2 163.2 149.4 113.5 119.9 104.7 90.0 74.0 84.1 106.2 146.7 144.8 135.2 23.8 34.7 9.8 (13.1)
Total Assets 2,260.5 2,182.2 2,232.3 2,490.4 2,525.2 2,630.2 2,816.4 3,948.2 4,166.8 4,587.7 4,651.2 4,696.6 4,496.4 4,265.9 3,903.5 3,772.8 3,682.9 2,901.0 2,656.8 2,564.3 2,464.6 2,437.1 2,278.3 1,605.8 1,513.8 1,494.6 1,337.6 1,221.7 1,176.9 964.5 852.2 783.2 731.6 641.3 549.2 492.4 457.0 424.7 412.9 397.4 366.4 349.6 317.0 305.7 286.0 133.3 120.1 75.0 0
Total Debt 404.3 423.4 415.8 759.6 758.1 757.3 758.4 729.1 729.5 732.0 733.6 735.0 737.0 735.5 730.9 727.8 738.7 713.8 677.8 676.9 693.2 662.6 615.4 45.2 45.4 58.0 60.4 62.1 57.9 20.1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4.7 25.0 20.2 0
Stockholders' Equity 410.7 427.5 479.8 513.2 594.2 658.3 956.4 2,106.2 2,240.6 2,411.9 2,490.4 2,520.2 2,350.8 2,176.4 2,052.1 2,027.5 2,010.5 1,310.0 1,242.1 1,177.8 1,099.9 1,085.8 1,032.0 924.8 866.4 811.7 732.0 674.1 626.3 562.4 539.0 484.9 440.2 397.5 369.5 335.2 307.2 288.8 274.9 256.1 236.2 210.9 183.2 166.9 150.5 12.2 6.9 (19.1) (8.7)
Cash Flow
Operating Cash Flow 24.4 52.6 25.6 (7.8) 33.8 12.3 (63.9) (44.8) (217.0) (139.9) 40.6 (88.7) 7.9 111.3 5.6 77.4 (163.0) 89.6 61.8 38.7 24.1 27.2 28.4 59.3 107.7 83.1 68.7 50.8 56.5 46.9 34.3 43.9 64.0 45.8 33.5 31.6 25.7 24.7 24.4 18.0 15.3 13.1 5.9 15.7 (13.0) 9.7 (0.3) (5.0) (4.9) (4.2) (3.8)
Capital Expenditure (3.7) (9.3) (2.8) (1.3) (10.1) (12.3) (47.4) (32.2) (26.3) (40.5) (46.5) (45.7) (38.3) (44.3) (33.2) (48.7) (43.2) (55.1) (28.9) (40.7) (24.5) (36.2) (36.8) (26.7) (27.1) (32.9) (17.4) (11.6) (10.6) (8.6) (8.7) (10.1) (11.3) (8.2) (5.6) (5.7) (1.9) (7.2) (3.8) (4.1) (5.9) (2.3) (4.1) (3.5) (5.1) (2.1) (1.0) (0.7) (0.8) (1.0) (0.5)
Free Cash Flow 20.7 43.3 22.8 (9.1) 23.7 0.1 (111.2) (77.0) (243.4) (180.4) (6.0) (134.4) (30.4) 67.0 (27.6) 28.7 (206.2) 34.5 32.9 (2.0) (0.5) (9.0) (8.5) 32.7 80.7 50.2 51.3 39.2 45.8 38.3 25.7 33.8 52.7 37.6 27.9 25.9 23.8 17.5 20.6 13.9 9.4 10.8 1.9 12.2 (18.2) 7.5 (1.3) (5.7) (5.7) (5.2) (4.2)