Summit Therapeutics Inc. logo SMMT - Summit Therapeutics Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 14
HOLD 7
SELL 0
STRONG
SELL
0
| PRICE TARGET: $19.00 DETAILS
HIGH: $23.00
LOW: $16.00
MEDIAN: $18.00
CONSENSUS: $19.00
UPSIDE: 14.32%
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 2012 Q2 2012 Q1 2011 Q4 2011 Q3
Revenue
Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0.2 0.2 0.2 1.0 0.0 0.1 0.1 0.1 0.1 0.3 0.0 0.1 0.1 4.9 1.0 0.9 49.9 5.3 4.4 3.3 4.8 1.7 1.7 0.6 0.0 0.1 0.2 0.3 0.4 0.4 0.5 0.5 0.5 0.6 0.5 0.9 0.2 0.3 0.5 0.4 0.3 0.3 0.4 0.4
Cost of Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.2) 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 0
Gross Profit 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0.2 0.2 0.2 1.0 0.0 0.1 0.1 0.1 0.1 0.3 0.0 0.1 0.1 4.9 0.9 0.9 49.9 5.3 4.4 3.3 4.8 1.7 1.7 0.6 0.0 0.1 0.1 0.2 0.3 0.3 0.3 0.2 0.2 0.4 0.5 0.9 0.2 0.3 0.5 0.4 0.3 0.3 0.4 0.4
Operating Expenses
R&D Expenses 132.6 147.3 131.1 151.6 39.7 41.0 28.2 36.2 24.5 19.5 12.6 7.4 430.3 4.5 15.3 7.4 15.6 17.1 14.8 17.3 13.3 9.6 10.6 11.0 10.4 8.2 8.1 8.9 8.7 9.1 10.4 9.8 11.5 9.9 7.4 6.6 5.0 4.8 4.0 5.4 7.0 5.2 6.9 4.2 4.8 2.8 4.2 4.2 4.3 3.8 2.3 0.7 0.7 1.3 0.6 0.6 0.6 0.5 0.5
SG&A Expenses 62.6 77.6 103.1 262.6 12.1 11.5 15.3 10.9 9.1 9.1 4.5 5.0 5.6 6.3 5.0 5.7 5.1 5.8 4.2 4.3 3.0 2.2 5.3 4.7 2.9 3.3 2.2 1.7 2.4 2.9 5.9 2.2 2.2 5.1 2.0 2.5 2.4 3.0 1.9 1.9 2.1 1.4 2.0 1.0 1.7 1.3 1.0 2.7 1.5 1.1 0.5 0.3 0.3 0.5 0.9 0.3 0.2 0.2 0.2
Other Expenses 0 0 0 0 0 (0.2) 0.2 0 0 (0.1) (0.2) 0.0 (0.5) 6.1 (4.9) (2.5) (3.7) (3.4) (3.6) (4.4) (4.0) (3.2) (2.7) (3.1) (5.5) (3.8) (5.1) (5.1) 0 0 (3.6) 5.6 0 (0.0) (0.9) 0 0 0 0 0 (2.9) 0 (3.1) (4.9) (2.3) (5.2) (1.9) (2.8) (2.4) (2.0) 0.0 (0.0) 0.5 (0.2) (0.0) 0.2 0.2 0.0 0.0
Operating Expenses 195.2 224.9 234.2 414.1 51.7 52.4 43.7 47.2 33.6 28.4 16.8 12.4 435.4 16.8 15.4 10.6 17.1 19.4 15.4 17.2 12.4 8.6 13.3 12.5 7.8 7.7 5.2 5.4 11.1 12.0 12.7 17.7 13.7 15.0 8.5 9.1 7.5 7.8 5.9 7.3 6.2 6.6 5.8 0.3 4.2 (1.1) 3.2 4.1 3.5 2.9 2.8 0.9 1.4 1.6 1.5 1.1 1.0 0.8 0.8
Operating Income
Operating Income (195.2) (224.9) (234.2) (414.1) (51.7) (52.4) (43.7) (47.2) (33.6) (28.4) (16.8) (12.4) (435.4) (16.8) (15.2) (10.4) (16.9) (19.3) (14.5) (17.2) (12.3) (8.5) (13.1) (12.4) (7.5) (7.7) (5.0) (5.3) (6.1) 7.6 (11.9) 32.2 (9.1) (10.6) (5.2) (4.3) (5.7) (6.1) (5.3) (7.3) (6.2) (6.2) (5.5) (4.8) (3.8) (3.5) (2.8) (3.6) (2.8) (2.4) (1.9) 1.5 (1.2) (1.1) (1.1) (0.5) (0.5) (0.4) (0.4)
Interest Expense 0 0 0 0 0 0.0 2.5 3.1 3.1 2.9 2.7 2.5 8.3 2.9 0.7 0.7 0.2 1.1 0.1 0.2 0.6 0 0 0.0 0.1 (0.2) 0.1 0.1 0.1 0 0.1 0.2 0.3 0 0.3 0.3 0.3 0.3 0.3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 3.0 0 13.5 0 0 0 2.4 2.5 3.3 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0.0 (0.2) 0.0 0.0 0 3.7 0.0 0.0 4.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 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 (195.2) (219.1) (231.8) (414.1) (51.7) (52.4) (43.6) (35.3) (33.6) (28.4) (16.8) (12.4) (13.1) (10.6) (14.9) (10.2) (16.6) (19.0) (14.2) (16.9) (12.0) (8.1) (12.2) (12.1) (7.2) (7.4) (4.7) (5.0) (5.8) (11.5) (11.4) 26.7 (8.6) (10.5) (6.1) (4.3) (5.7) (6.1) (5.3) (7.3) (6.2) (7.8) (8.4) (7.5) (5.8) (4.6) (4.4) (6.0) (4.7) (4.2) (3.2) (1.2) (1.2) (1.2) (0.9) (0.5) (0.5) (0.4) (0.4)
EBIT (195.2) (219.1) (231.8) (414.1) (51.7) (52.4) (43.7) (35.3) (33.6) (28.4) (16.8) (12.4) (13.2) (10.8) (15.2) (10.4) (16.9) (19.3) (14.5) (17.2) (12.3) (8.5) (12.5) (12.4) (7.5) (7.7) (5.0) (5.3) (6.1) (11.8) (11.9) 26.3 (9.1) (10.6) (6.1) (4.3) (5.7) (6.1) (5.3) (7.3) (6.2) (7.8) (5.5) (7.5) (5.9) (4.6) (4.4) (6.0) (4.7) (4.2) (3.3) (1.2) (1.2) (1.3) (0.9) (0.5) (0.5) (0.4) (0.4)
Income Before Tax (189.4) (219.1) (231.8) (412.2) (48.7) (48.9) (42.1) (47.8) (34.5) (28.7) (17.4) (11.6) (439.6) (15.9) (19.2) (13.8) (16.3) (20.0) (14.5) (17.7) (12.7) (9.9) (13.8) (12.5) (4.9) (8.8) (5.1) (5.4) (6.2) (5.3) (12.0) 35.6 (9.3) (11.1) (2.3) (4.6) (6.0) (6.3) (5.5) (7.5) (6.4) (8.2) (6.1) (4.8) (3.8) (3.5) (2.8) (3.6) (2.8) (2.4) (1.9) 1.5 (1.2) (1.1) (1.1) (0.8) (0.7) (0.4) (0.4)
Income Tax Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0.0 0.2 0.0 0.0 0.1 0.1 0.8 (1.1) (1.6) 0.6 (1.3) 0.2 1.5 1.3 1.2 1.4 0.9 1.1 (0.9) (1.4) 0.8 (1.2) (0.7) (0.7) (0.5) (0.5) (0.3) (0.2) (0.4) (0.1) (0.1) (0.1) (0.1) (0.7) (0.7) 0.0 0.0
Net Income (189.4) (219.2) (231.8) (412.2) (48.7) (48.9) (42.1) (47.8) (34.5) (28.7) (17.4) (11.6) (439.6) (15.9) (19.2) (13.8) (16.3) (20.0) (14.5) (17.7) (12.7) (9.9) (13.8) (12.3) (4.9) (8.9) (5.2) (5.3) (5.3) (5.7) (10.3) 27.2 (8.0) (11.3) (0.9) (3.3) (4.8) (4.9) (4.6) (6.4) (5.1) (5.2) (4.7) (6.3) (5.2) (3.8) (3.9) (5.5) (4.4) (3.9) (1.7) (1.1) (1.1) (1.0) (1.0) (1.1) (1.1) (0.6) (0.6)
Per Share Data
EPS (Basic) -0.24 -0.29 -0.31 -0.56 -0.07 -0.07 -0.06 -0.07 -0.05 -0.04 -0.03 -0.02 -1.16 -0.06 -0.13 -0.14 -0.17 -0.21 -0.15 -0.19 -0.15 -0.13 -0.20 -0.18 -0.07 -0.24 -0.16 -0.17 -0.03 -0.08 -0.13 0.33 -0.10 -0.16 -0.01 -0.05 -0.08 -0.08 -0.07 -0.10 -0.09 -0.08 -0.09 -0.10 -0.10 -0.09 -0.10 -0.14 -0.13 -0.17 -0.07 -0.06 -0.06 -0.06 -0.06 -0.05 -0.05 -0.04 -0.04
EPS (Diluted) -0.24 -0.29 -0.31 -0.56 -0.07 -0.07 -0.06 -0.07 -0.05 -0.04 -0.03 -0.02 -1.16 -0.06 -0.13 -0.14 -0.17 -0.21 -0.15 -0.20 -0.15 -0.13 -0.20 -0.19 -0.07 -0.25 -0.16 -0.17 -0.03 -0.08 -0.13 0.42 -0.10 -0.16 -0.01 -0.05 -0.08 -0.08 -0.07 -0.10 -0.09 -0.08 -0.09 -0.10 -0.10 -0.09 -0.10 -0.14 -0.13 -0.17 -0.07 -0.06 -0.06 -0.06 -0.06 -0.05 -0.05 -0.04 -0.04
Shares Outstanding 775.5 766.4 743.4 742.6 699.0 683.2 703.2 670.9 701.8 700.6 697.7 697.7 378.2 267.9 148.6 99.7 98.1 96.7 98.0 90.4 82.8 73.6 67.2 66.4 67.2 35.8 31.9 31.8 153.4 82.1 82.1 82.0 76.6 71.0 66.0 61.9 61.9 61.8 61.6 61.5 61.3 61.3 61.3 61.1 52.4 40.0 40.4 41.1 35.0 23.8 22.4 17.9 17.9 17.7 17.7 13.9 13.9 9.3 9.3
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 2010 Q2 2009 Q4 2009 Q2 2004 Q2
Current Assets
Cash & Cash Equivalents 80.8 167.2 177.3 218.6 163.8 83.8 71.5 22.5 48.8 56.5 19.6 33.2 57.4 284.2 110.2 47.2 59.0 53.2 59.4 74.8 73.9 48.8 16.5 29.2 54.9 37.5 17.5 25.4 36.6 35.2 16.6 22.5 38.1 28.5 42.0 37.2 25.0 35.1 42.3 9.2 14.6 7.1 9.7 1.4 0.2
Short-Term Investments 373.3 362.3 0 0 116.0 245.7 299.9 234.7 76.0 90.9 144.0 136.5 138.3 0 0 0 0 0 0 0 0 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 0 0 0 0 0 0.4 0.5 0.8 0.8 0.7 0.7 3.6 3.6 5.0 11.8 11.8 12.3 12.7 9.2 8.3 10.2 7.5 9.3 10.7 9.8 0.3 0 0 0 12.5 0 0 0 0 0 0 0 0 0 0 0 0 0.7 2.8 0
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.4 0
Other Current Assets 13.5 5.1 5.9 8.3 7.3 8.7 1.5 1.9 4.5 0.1 0.1 1.4 0.3 245.0 0.4 1.9 1.1 0.9 0.9 0.7 0.7 1.1 1.3 4.7 8.3 17.4 16.3 17.1 15.2 3.7 7.2 6.0 7.8 15.8 11.1 9.0 7.1 5.7 3.6 2.7 5.8 0.5 0 4.3 0.0
Total Current Assets 467.6 534.6 183.2 226.9 287.2 338.6 374.1 259.8 130.1 150.1 168.5 179.6 200.6 535.3 123.9 65.4 75.8 72.1 75.7 87.9 90.6 64.4 32.6 44.6 73.1 62.1 33.8 42.5 51.8 61.2 40.1 43.6 63.2 50.7 58.2 48.0 34.1 41.7 47.3 13.7 23.4 7.6 10.6 6.1 0.2
Non-Current Assets
Property, Plant & Equipment 16.0 16.1 4.6 4.6 5.4 5.9 6.3 7.1 7.6 4.8 5.5 5.7 3.5 4.1 4.7 2.6 2.6 2.6 1.9 2.1 1.6 0.9 1.0 1.0 1.3 1.2 1.6 1.7 1.8 2.0 0.8 0.9 1.0 2.9 0.7 0.7 0.6 0.1 0.1 0.1 0.1 0.4 0.5 0.9 0
Goodwill 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.8 1.8 2.2 1.2 2.3 2.2 2.3 2.4 2.3 2.4 3.4 3.5 0.9 0.9 0.9 0.8 0.8 0.9 1.0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7.2 7.3 7.5 7.7 7.9 8.1 8.2 8.5 8.6 9.6 12.2 7.7 13.0 12.5 13.4 13.9 13.8 14.5 20.1 20.9 4.5 4.5 4.4 4.3 4.2 4.6 5.1 6.9 7.2 7.8 0
Long-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 0 0 0 0
Other Non-Current Assets 6.2 5.3 5.2 4.8 3.2 2.0 1.8 1.8 1.7 4.2 4.2 0.6 0.6 0.5 3.1 2.1 1.4 0.1 8.4 5.7 0 0 0 0 0 2.5 0 0 0 0 0 0 0 (0.0) 0 0 0 0 0 0 0 0 (9.7) 0 0
Total Non-Current Assets 23.7 22.9 11.3 10.9 10.1 9.4 9.6 10.3 10.8 10.5 11.1 7.8 5.6 6.1 16.5 13.4 13.0 11.9 19.6 17.4 11.3 10.9 11.5 12.4 15.7 12.5 16.9 16.4 17.6 18.3 16.9 17.8 24.5 27.4 6.2 6.1 5.9 5.3 5.2 5.6 6.2 7.3 7.8 8.7 0
Total Assets 491.3 557.5 194.6 237.8 297.3 348.1 383.6 270.1 140.8 160.6 179.6 187.4 206.2 541.4 140.4 78.8 88.7 84.0 95.2 105.3 101.9 75.3 44.0 56.9 88.8 75.5 50.8 58.9 69.4 79.5 57.0 61.4 87.8 78.1 64.3 54.1 40.0 47.0 52.5 19.3 29.5 14.9 18.4 14.7 0.2
Current Liabilities
Account Payables 20.9 15.1 16.5 16.9 3.9 3.7 2.5 2.6 5.1 2.1 2.7 0.8 0.6 0.3 1.3 2.9 5.3 3.2 4.3 5.0 3.0 4.5 1.9 2.5 12.6 3.4 9.3 7.9 8.7 5.8 6.8 8.7 16.4 12.5 5.2 4.6 4.1 1.1 3.9 4.4 4.6 1.3 0.2 1.0 0
Short-Term Debt 0 0 0 0 0 0 18.7 79.0 0 0 82.2 0 0 16.1 0 0 0 0 0 0 39.8 0 0 0.3 0 (1.0) 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 0 0 2.7 3.9 5.9 5.6 5.2 5.4 6.1 5.5 3.6 0 1.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 6.2 12.8 9.6 5.9 4.0 11.0 6.9 4.5 5.4 4.9 3.3 3.3 2.2 5.1 2.5 1.8 1.7 3.7 0.8 0.5 0.4 1.3 0.3 0.5 2.2 2.2 0.6 3.9 4.0 10.9 8.9 3.3 18.1 20.0 9.1 9.1 9.0 12.2 8.4 0 0 0 1.4 0.7 0.2
Total Current Liabilities 63.1 54.2 48.3 44.3 27.0 33.3 45.0 110.7 18.7 16.1 93.5 9.4 14.1 31.6 15.1 12.5 17.3 19.0 16.9 15.8 52.9 14.6 11.4 10.6 15.2 10.4 10.4 12.3 13.2 17.2 15.7 11.9 34.5 32.5 14.3 13.7 13.2 13.6 12.3 4.4 4.6 1.3 1.8 1.7 0.2
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 79.7 79.1 0 78.9 80.9 403.1 0 20.8 19.1 0 0 0 0 0 0 0.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.6 1.7 2.1 1.6 2.0 2.0 2.1 2.2 2.2 2.4 3.3 3.4 0.7 0.7 0.7 0.7 0.8 0.9 1.0 1.4 1.5 1.6 0
Other Non-Current Liabilities 1.4 1.4 1.4 1.3 1.3 1.3 1.3 1.3 2.6 1.2 1.2 1.2 1.2 1.2 2.2 2.1 2.1 2.1 2.0 1.9 1.9 1.8 1.8 2.1 2.6 2.1 2.6 2.4 2.5 3.3 2.3 2.3 6.8 8.1 3.6 8.6 8.1 7.5 7.1 0.1 0.1 1.9 1.9 2.0 0
Total Non-Current Liabilities 14.1 14.3 3.4 3.1 3.6 4.1 4.5 5.2 86.9 83.0 4.4 83.6 84.1 406.6 4.9 24.1 22.4 3.3 2.7 3.0 2.4 2.3 4.1 4.7 6.1 2.7 5.7 5.6 6.2 6.6 5.7 6.1 45.3 50.0 28.7 35.8 37.1 37.7 38.8 1.0 1.1 3.3 3.4 3.6 0
Total Liabilities 77.3 68.5 51.6 47.4 30.6 37.4 49.5 116.0 105.6 99.1 97.9 93.0 98.2 438.2 20.0 36.6 39.7 22.3 19.5 18.9 55.3 16.9 15.5 15.2 21.3 13.1 16.1 17.9 19.4 23.7 21.3 18.0 79.8 82.6 43.0 49.5 50.3 51.3 51.1 5.4 5.7 4.6 5.2 5.3 0.2
Stockholders' Equity
Common Stock 5.9 5.8 5.5 5.5 5.7 5.9 5.6 5.7 5.6 5.6 5.7 5.5 5.6 1.7 1.8 0.8 0.7 0.7 0.7 0.7 0.6 0.6 0.5 0.5 4.2 0.5 2.1 2.0 2.1 2.1 1.0 1.1 1.1 1.0 0.9 0.8 0.8 0.8 0.8 0.8 0.6 10.8 11.0 9.7 0.0
Retained Earnings (1,883.5) (1,702.6) (1,542.4) (1,352.4) (989.5) (970.6) (880.0) (866.7) (825.9) (786.0) (786.4) (738.5) (744.7) (308.4) (324.6) (278.2) (244.5) (222.0) (201.7) (184.9) (167.5) (154.9) (159.7) (153.0) (126.8) (119.5) (118.5) (103.2) (103.3) (99.8) (103.3) (96.1) (137.4) (132.9) (91.7) (88.9) (101.5) (92.2) (84.1) (77.7) (76.8) (45.9) (43.9) (66.6) (0.2)
Accumulated Other Comprehensive Income (2.0) (1.9) (2.0) (2.0) (2.0) (1.8) (1.8) (2.0) (2.0) (1.9) (1.9) (1.9) (1.1) (1.5) (2.9) (2.6) (3.0) (1.6) (2.5) 0 0 (2.8) 0 0 0 (3.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Stockholders' Equity 414.0 489.0 142.9 190.4 266.7 310.6 334.1 154.1 35.2 61.5 81.7 94.4 108.0 103.2 120.4 42.3 49.1 61.7 75.7 86.5 46.6 58.4 28.6 41.7 67.5 61.1 34.7 41.0 50.0 55.8 35.6 43.4 8.0 (4.5) 21.3 4.6 (10.3) (4.4) 1.3 14.0 23.9 10.3 13.2 9.4 (0.0)
Total Liabilities & Equity 491.3 557.5 194.6 237.8 297.3 348.1 383.6 270.1 140.8 160.6 179.6 187.4 206.2 541.4 140.4 78.8 88.7 84.0 95.2 105.3 101.9 75.3 44.0 56.9 88.8 72.7 50.8 58.9 69.4 79.5 57.0 61.4 87.8 78.1 64.3 54.1 40.0 47.0 52.5 19.3 29.5 14.9 18.4 14.7 0.2
Debt Metrics
Total Debt 15.2 15.5 4.0 4.1 5.0 5.8 24.8 85.9 87.3 84.0 87.7 84.7 84.3 422.9 3.9 22.5 21.0 2.1 1.4 1.6 40.8 0.3 0.4 0.5 0.8 (1.0) 1.0 1.0 1.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0
Net Debt (65.6) (151.7) (173.3) (214.5) (158.8) (78.0) (46.7) 63.4 38.4 27.4 68.1 51.4 26.9 138.7 (106.3) (24.7) (38.1) (51.2) (58.0) (73.3) (33.2) (48.4) (16.1) 0 (54.1) (38.3) (16.6) (24.3) (35.4) (35.2) (16.6) (22.5) (38.1) (28.5) (42.0) (37.2) (25.0) (35.1) (42.3) (9.2) (14.6) (7.1) (9.7) (1.4) (0.2)
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 (143.7) (162.7) (172.3) (415.1) (48.7) (48.9) (42.9) (47.7) (34.6) (28.9) (17.5) (11.6) (438.7) (15.7) (19.3) (13.8) (16.3) (20.1) (14.5) (17.7) (12.7) (9.9) (13.7) (12.3) (6.1) (6.9) (10.8) (7.2) (6.3) (7.3) (12.8) 36.1 (9.3) (34.4) (3.2) (6.1) (7.7) (8.4) (5.4) (9.0) (9.0)
Depreciation & Amortization 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.5 0.0 0.0 0.1 0.5 0.6 0.5 0.5 0.5 0.5 0.5 0.4 0.5 0.4 0.3 0.5 0.3 0.5 0.4 0.5 0.4 0.4 0.5 0.5 0.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Stock-Based Compensation 55.2 83.0 97.2 351.3 8.6 8.8 14.8 8.8 7.6 6.9 0.6 1.5 2.2 2.2 2.5 2.1 3.0 4.2 2.0 2.7 0.6 0.4 0.3 0.4 0.3 0.0 0.3 0.2 0.2 0.8 3.9 0.8 0.8 0.5 0.7 0.7 0.4 0.5 0.3 0.5 0.5
Change in Working Capital (1.3) 6.2 5.8 15.7 (4.8) (0.5) 6.8 2.4 3.3 6.6 3.4 (10.3) (0.1) 9.9 6.8 (6.3) (2.6) 7.9 (6.1) 0.3 (2.1) 3.3 (0.3) (3.1) 0.3 1.8 (1.2) (1.3) 1.3 (1.2) 2.8 (51.8) (1.0) 17.7 (6.1) 16.9 (3.9) (0.3) 39.7 1.2 (0.5)
Other Non-Cash Items (3.1) (2.2) 0.0 (0.9) (2.5) 1.7 (1.8) 10.5 (0.3) (0.4) 1.2 (2.7) 425.9 7.3 1.6 1.7 0.9 0.7 0.8 0.3 (1.2) (0.2) 0.5 (0.3) 0.1 4.9 2.7 (2.4) 6.2 0.6 1.0 0.6 (0.4) 6.9 (5.2) 0.8 0.9 1.5 (0.2) 4.1 (0.4)
Operating Cash Flow (92.7) (75.7) (69.2) (49.0) (47.4) (38.9) (23.1) (26.1) (24.0) (15.4) (12.2) (23.1) (10.6) 4.2 (7.7) (15.8) (14.5) (6.8) (17.4) (13.9) (15.0) (5.9) (12.9) (14.9) (5.0) (5.2) (8.6) (10.2) 1.8 (6.7) (4.7) (13.9) (9.6) (8.8) (13.8) 12.3 (10.3) (6.7) 34.4 (3.2) (9.3)
Investing Activities
Capital Expenditure (0.2) (0.1) (0.1) 0 (0.3) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) 0 0 (0.2) (0.3) (0.1) 0 (0.1) (0.0) (0.0) (0.0) (0.1) (0.2) 0.0 (0.0) (0.3) (0.0) (0.1) (0.0) (0.0) (0.0) (0.2) (0.1) (0.1) (0.4) (0.1) (0.0) (0.0) (0.0)
Acquisitions 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (134.4) (359.9) 0 0 0 (119.5) (127.8) (213.3) (74.1) 0.0 (92.8) (30.1) (137.5) 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
Sales/Maturities of Investments 134.5 0 0 110.7 124.3 186.2 56.5 55.3 89.9 47.9 89.9 30.1 0 0 0 0 0 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 Investing Activities 0 0 0 0 0 0 (11.4) 0 0 0 0 0.2 (384.2) 0 0 0 0 0 0 0 0 0 0.1 (0.0) (0.2) (0.0) (0.0) (0.1) 0.0 (0.3) 0.0 0.0 (0.0) (6.9) 0.0 0.0 0.0 (0.0) 0.0 0.0 0.0
Investing Cash Flow (0.2) (360.1) (0.1) 110.7 124.0 66.7 (82.9) (158.1) 15.8 47.9 (2.9) 0.2 (521.7) 0.0 0.0 (0.2) (0.3) (0.1) 0.0 (0.1) (0.0) (0.0) (0.0) (0.1) (0.2) (0.0) (0.0) (0.3) (0.0) (0.3) (0.0) (0.0) (0.0) (6.9) (0.1) (0.1) (0.4) (0.1) (0.0) (0.0) (0.0)
Financing Activities
Net Debt Issuance 0 0 0 0 0 (19.6) (57.6) 0 0 0 0 0 (20.0) 423.9 (22.6) 0 19.0 0 0 (39.8) 39.8 0 0 (0.1) 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 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 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 0 0 0 0 0.2 0.4 1.0 0.2 (0.1) 84.8 0.0 90.4 0 0.1 0.9 0.5 54.4 0.6 0.4 0 0.1 0.0 17.3 (0.1) (0.1) (0.1) (0.6) (0.1) (0.0) (1.2) (0.3) (1.4) 0.0 0.0 0.0 (0.0) 0.0 0
Financing Cash Flow 2.9 425.9 25.1 1.6 5.9 (18.9) 155.7 158.2 0.4 4.9 0.2 (0.1) 64.8 424.0 67.8 0 19.2 0.9 0.5 14.5 40.4 37.1 0 0.0 0.0 17.3 (0.1) (0.1) (0.1) 25.8 (0.7) (1.0) 19.5 1.1 18.3 0.0 0.0 0.0 0.3 0.0 0.2
Cash Position
Net Change in Cash (90.1) (9.9) (44.1) 63.4 82.6 8.9 49.9 (26.0) (7.8) 37.7 (15.1) (22.8) (467.2) 429.3 58.4 (16.6) 4.3 (6.3) (17.1) 0.9 25.9 33.2 (11.7) (14.9) (8.9) 7.2 (7.8) (11.2) 1.9 18.6 (5.9) (15.6) 10.4 (13.6) 4.8 12.1 (11.2) (7.2) 33.0 (5.4) (9.2)
Cash at Beginning 171.1 177.3 221.7 155.4 81.5 75.2 21.9 48.7 56.9 18.8 34.6 56.0 524.6 99.4 51.8 63.8 54.7 59.5 76.5 74.0 48.1 15.6 28.2 44.1 63.8 13.7 25.4 36.6 34.7 16.6 22.5 38.1 27.7 42.0 37.2 25.0 36.3 42.3 9.2 14.6 23.8
Cash at End 81.0 167.4 177.6 218.8 164.1 84.1 71.8 22.7 49.1 56.5 19.6 33.2 57.4 528.7 110.2 47.2 59.0 53.2 59.4 74.8 73.9 48.8 16.5 29.2 54.9 20.9 17.5 25.4 36.6 35.2 16.6 22.5 38.1 28.5 42.0 37.2 25.0 35.1 42.3 9.2 14.6
Free Cash Flow (92.9) (75.8) (69.2) (49.0) (47.7) (38.9) (23.2) (26.1) (24.0) (15.4) (12.3) (23.1) (10.7) 4.2 (7.7) (16.1) (14.8) (6.9) (17.4) (14.0) (15.0) (5.9) (12.9) (15.0) (5.2) (5.2) (8.6) (10.5) 1.8 (6.8) (4.7) (13.9) (9.6) (9.0) (13.8) 12.2 (10.6) (6.8) 34.4 (3.2) (9.3)
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 2012 Q2 2012 Q1 2011 Q4 2011 Q3
Income Statement
Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0.2 0.2 0.2 1.0 0.0 0.1 0.1 0.1 0.1 0.3 0.0 0.1 0.1 4.9 1.0 0.9 49.9 5.3 4.4 3.3 4.8 1.7 1.7 0.6 0.0 0.1 0.2 0.3 0.4 0.4 0.5 0.5 0.5 0.6 0.5 0.9 0.2 0.3 0.5 0.4 0.3 0.3 0.4 0.4
Gross Profit 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.2 0.2 0.2 0.2 1.0 0.0 0.1 0.1 0.1 0.1 0.3 0.0 0.1 0.1 4.9 0.9 0.9 49.9 5.3 4.4 3.3 4.8 1.7 1.7 0.6 0.0 0.1 0.1 0.2 0.3 0.3 0.3 0.2 0.2 0.4 0.5 0.9 0.2 0.3 0.5 0.4 0.3 0.3 0.4 0.4
Operating Income (195.2) (224.9) (234.2) (414.1) (51.7) (52.4) (43.7) (47.2) (33.6) (28.4) (16.8) (12.4) (435.4) (16.8) (15.2) (10.4) (16.9) (19.3) (14.5) (17.2) (12.3) (8.5) (13.1) (12.4) (7.5) (7.7) (5.0) (5.3) (6.1) 7.6 (11.9) 32.2 (9.1) (10.6) (5.2) (4.3) (5.7) (6.1) (5.3) (7.3) (6.2) (6.2) (5.5) (4.8) (3.8) (3.5) (2.8) (3.6) (2.8) (2.4) (1.9) 1.5 (1.2) (1.1) (1.1) (0.5) (0.5) (0.4) (0.4)
Net Income (189.4) (219.2) (231.8) (412.2) (48.7) (48.9) (42.1) (47.8) (34.5) (28.7) (17.4) (11.6) (439.6) (15.9) (19.2) (13.8) (16.3) (20.0) (14.5) (17.7) (12.7) (9.9) (13.8) (12.3) (4.9) (8.9) (5.2) (5.3) (5.3) (5.7) (10.3) 27.2 (8.0) (11.3) (0.9) (3.3) (4.8) (4.9) (4.6) (6.4) (5.1) (5.2) (4.7) (6.3) (5.2) (3.8) (3.9) (5.5) (4.4) (3.9) (1.7) (1.1) (1.1) (1.0) (1.0) (1.1) (1.1) (0.6) (0.6)
EPS (Diluted) -0.24 -0.29 -0.31 -0.56 -0.07 -0.07 -0.06 -0.07 -0.05 -0.04 -0.03 -0.02 -1.16 -0.06 -0.13 -0.14 -0.17 -0.21 -0.15 -0.20 -0.15 -0.13 -0.20 -0.19 -0.07 -0.25 -0.16 -0.17 -0.03 -0.08 -0.13 0.42 -0.10 -0.16 -0.01 -0.05 -0.08 -0.08 -0.07 -0.10 -0.09 -0.08 -0.09 -0.10 -0.10 -0.09 -0.10 -0.14 -0.13 -0.17 -0.07 -0.06 -0.06 -0.06 -0.06 -0.05 -0.05 -0.04 -0.04
Balance Sheet
Cash & Equivalents 80.8 167.2 177.3 218.6 163.8 83.8 71.5 22.5 48.8 56.5 19.6 33.2 57.4 284.2 110.2 47.2 59.0 53.2 59.4 74.8 73.9 48.8 16.5 29.2 54.9 37.5 17.5 25.4 36.6 35.2 16.6 22.5 38.1 28.5 42.0 37.2 25.0 35.1 42.3 9.2 14.6 7.1 9.7 1.4 0.2
Total Assets 491.3 557.5 194.6 237.8 297.3 348.1 383.6 270.1 140.8 160.6 179.6 187.4 206.2 541.4 140.4 78.8 88.7 84.0 95.2 105.3 101.9 75.3 44.0 56.9 88.8 75.5 50.8 58.9 69.4 79.5 57.0 61.4 87.8 78.1 64.3 54.1 40.0 47.0 52.5 19.3 29.5 14.9 18.4 14.7 0.2
Total Debt 15.2 15.5 4.0 4.1 5.0 5.8 24.8 85.9 87.3 84.0 87.7 84.7 84.3 422.9 3.9 22.5 21.0 2.1 1.4 1.6 40.8 0.3 0.4 0.5 0.8 (1.0) 1.0 1.0 1.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0
Stockholders' Equity 414.0 489.0 142.9 190.4 266.7 310.6 334.1 154.1 35.2 61.5 81.7 94.4 108.0 103.2 120.4 42.3 49.1 61.7 75.7 86.5 46.6 58.4 28.6 41.7 67.5 61.1 34.7 41.0 50.0 55.8 35.6 43.4 8.0 (4.5) 21.3 4.6 (10.3) (4.4) 1.3 14.0 23.9 10.3 13.2 9.4 (0.0)
Cash Flow
Operating Cash Flow (92.7) (75.7) (69.2) (49.0) (47.4) (38.9) (23.1) (26.1) (24.0) (15.4) (12.2) (23.1) (10.6) 4.2 (7.7) (15.8) (14.5) (6.8) (17.4) (13.9) (15.0) (5.9) (12.9) (14.9) (5.0) (5.2) (8.6) (10.2) 1.8 (6.7) (4.7) (13.9) (9.6) (8.8) (13.8) 12.3 (10.3) (6.7) 34.4 (3.2) (9.3)
Capital Expenditure (0.2) (0.1) (0.1) 0 (0.3) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) 0 0 (0.2) (0.3) (0.1) 0 (0.1) (0.0) (0.0) (0.0) (0.1) (0.2) 0.0 (0.0) (0.3) (0.0) (0.1) (0.0) (0.0) (0.0) (0.2) (0.1) (0.1) (0.4) (0.1) (0.0) (0.0) (0.0)
Free Cash Flow (92.9) (75.8) (69.2) (49.0) (47.7) (38.9) (23.2) (26.1) (24.0) (15.4) (12.3) (23.1) (10.7) 4.2 (7.7) (16.1) (14.8) (6.9) (17.4) (14.0) (15.0) (5.9) (12.9) (15.0) (5.2) (5.2) (8.6) (10.5) 1.8 (6.8) (4.7) (13.9) (9.6) (9.0) (13.8) 12.2 (10.6) (6.8) 34.4 (3.2) (9.3)