Virgin Galactic Holdings, Inc. logo SPCE - Virgin Galactic Holdings, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 5
HOLD 7
SELL 5
STRONG
SELL
0
| PRICE TARGET: $2.65 DETAILS
HIGH: $3.00
LOW: $2.30
MEDIAN: $2.65
CONSENSUS: $2.65
DOWNSIDE: 32.23%
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
Revenue
Revenue 0.2 0.3 0.4 0.4 0.5 0.4 0.4 4.2 2.0 2.8 1.7 1.9 0.4 0.9 0.8 0.4 0.3 0.1 2.6 0.6 0 0 0 0 0.2 0.5 0.8 0.6 1.8 1.3 0.4 0.7 0.5 0 0
Cost of Revenue 33.6 22.2 23.6 18.4 25.0 20.3 19.9 30.5 26.3 24.3 25.6 0.2 0.3 4.3 0.6 0.1 0.0 0.0 0.2 0.1 2.9 0 2.5 2.5 0.2 2.4 4.2 2.7 0.1 1.3 0.2 0.5 0.2 0 0.3
Gross Profit (33.3) (21.9) (23.2) (18.0) (24.6) (19.8) (19.5) (26.3) (24.3) (21.5) (23.9) 1.6 0.1 (3.4) 0.2 0.2 0.3 0.1 2.4 0.5 (2.9) 0 (2.5) (2.5) 0.1 (1.9) (3.4) (2.0) 1.6 (0.1) 0.2 0.1 0.3 0 (0.3)
Operating Expenses
R&D Expenses 6.7 12.1 15.0 20.1 33.3 28.2 23.9 41.5 59.0 53.8 44.8 86.6 109.9 102.6 97.4 62.3 51.8 40.2 35.6 35.9 35.1 41.5 45.0 35.9 34.3 36.8 34.5 30.2 31.4 33.0 26.5 29.6 29.0 0 0
SG&A Expenses 25.6 27.0 25.6 31.9 30.6 29.7 34.0 33.9 27.9 30.8 42.2 51.4 50.4 47.3 46.1 44.7 37.0 0 49.9 38.5 43.3 32.9 29.5 24.6 26.8 (17.5) 17.8 14.6 0.1 13.5 13.6 11.8 12.0 0 0
Other Expenses 0 0 0 0 0 4.2 4.3 0.2 0.1 8.0 3.3 3.2 3.2 0 2.2 2.9 2.9 41.2 0.1 0.0 0 0.0 0 0 (0.2) 0 4.2 2.7 0.1 0.1 0.2 0.5 0.5 (610.6) 0.3
Operating Expenses 32.3 39.0 40.5 52.0 63.9 62.1 62.3 75.5 86.9 92.7 90.4 141.2 163.5 149.9 145.7 110.0 91.7 81.4 85.5 74.4 78.4 74.3 74.5 60.6 61.0 19.2 4.2 2.7 0.1 0.1 0.2 0.5 0.5 (610.6) 0.3
Operating Income
Operating Income (65.6) (60.9) (63.8) (69.9) (88.4) (82.0) (81.7) (101.8) (111.2) (114.3) (114.3) (139.6) (163.4) (153.3) (145.6) (109.7) (91.4) (81.3) (83.1) (73.9) (81.3) (74.3) (77.0) (63.1) (61.0) (21.1) (4.2) (2.7) (0.1) (0.1) (0.2) (0.5) (0.5) (610.6) (0.3)
Interest Expense 1.8 3.0 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.2 3.3 3.2 2.5 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
Interest Income 2.7 3.8 5.0 5.8 7.2 8.6 10.4 11.1 12.3 13.6 12.9 8.4 7.3 6.2 3.5 2.0 0.8 0.4 0.2 0.2 0.3 0.3 0.3 0.5 1.2 0 3.5 4.4 0.4 3.8 3.4 3.0 2.3 0 0.2
Profitability
EBITDA (58.9) (55.7) (57.0) (59.9) (77.0) (69.2) (66.9) (87.3) (95.0) (96.9) (98.0) (127.9) (152.8) (144.0) (140.0) (104.6) (87.7) (80.1) (45.4) (91.1) (126.8) (71.3) (89.5) (69.4) (58.9) (70.7) 1.2 (1.1) 5.7 (0.1) (0.2) (0.5) 1.8 1,330.7 (0.3)
EBIT (62.9) (59.6) (61.2) (64.1) (81.2) (73.3) (71.2) (90.5) (98.7) (100.5) (101.3) (131.1) (156.0) (147.1) (142.2) (107.5) (90.6) (81.3) (48.3) (94.0) (129.6) (74.0) (92.0) (71.9) (61.0) (72.8) (0.5) (2.7) 4.0 (0.1) 3.0 2.4 1.8 1.4 (0.3)
Income Before Tax (64.7) (62.7) (64.4) (67.3) (84.4) (76.6) (74.4) (93.7) (101.9) (103.7) (104.6) (134.3) (159.3) (150.3) (145.5) (110.7) (93.0) (80.8) (48.3) (94.0) (129.7) (74.0) (92.0) (71.9) (60.0) (72.9) (0.5) 1.4 4.0 3.7 3.0 2.4 1.8 1,330.7 (0.1)
Income Tax Expense 0.0 0.0 0 (0.0) 0.0 (0.1) 0.1 0.0 0.1 0.2 0.1 0.0 0.1 0.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (0.0) 0.0 0.0 (0.0) (0.1) 0 0 0 0 0 0 0 0 0
Net Income (64.7) (62.7) (64.4) (67.3) (84.5) (76.4) (74.5) (93.8) (102.0) (104.0) (104.6) (134.4) (159.4) (150.8) (145.6) (110.7) (93.1) (80.8) (48.4) (94.0) (129.7) (74.0) (92.1) (72.0) (59.9) (72.8) (0.5) 1.4 4.0 3.7 3.0 2.4 1.8 1,330.7 (0.1)
Per Share Data
EPS (Basic) -0.81 -0.98 -1.09 -1.47 -2.38 -2.53 -2.66 -4.36 -4.92 -5.20 -5.57 -9.16 -11.40 -11.00 -11.00 -8.60 -7.21 -6.27 -3.96 -7.81 -11.08 -8.80 -8.17 -6.80 -37.23 -7.83 -5.32 -4.55 -4.40 -4.72 -0.00 -0.02 -0.02 6.85 -0.00
EPS (Diluted) -0.81 -0.98 -1.09 -1.47 -2.38 -2.53 -2.66 -4.36 -4.92 -5.20 -5.57 -9.16 -11.40 -11.00 -11.00 -8.60 -7.21 -6.35 -3.79 -7.81 -11.08 -8.80 -8.20 -6.80 -37.23 -7.83 -5.32 -4.55 -4.40 -4.72 -0.00 -0.02 -0.02 6.85 -0.00
Shares Outstanding 79.5 64.2 59.3 45.6 35.4 30.3 28.0 21.5 20.7 20.0 18.8 14.7 13.9 13.7 13.2 12.9 12.9 12.7 12.2 12.0 11.7 11.8 11.2 10.6 10.1 9.8 9.7 9.7 9.7 9.7 194.4 194.4 194.4 194.4 194.4
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
Current Assets
Cash & Cash Equivalents 124.8 144.7 158.8 163.5 140.8 178.6 172.4 182.3 195.4 216.8 231.0 398.0 415.7 302.3 394.0 329.9 601.5 550.0 702.6 551.6 629.7 665.9 741.6 359.9 419.4 480.4 0.0 0.3 0.3 0.5 0.8 0.8 1.0 0.7 0.9 0.1
Short-Term Investments 95.1 162.3 264.8 305.8 348.8 384.6 478.7 593.4 569.8 657.2 766.0 581.9 417.9 606.7 606.7 587.7 265.9 79.4 29.4 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Receivables 0 0 2 0 0 0 0 0 0 0 0 2.7 0 0 0 0 0 2.3 0 0 0.8 0 0.4 0.8 0.6 0.5 0 0 0 0 0 0 0 0 0 0
Inventory 0 0 0 0 0 0 0 14.1 16.7 0 17.1 18.2 22.2 24.0 22.9 33.8 29.5 29.7 29.3 30.0 30.2 30.5 25.1 28.6 28.8 26.8 25.6 27.5 23.3 23.3 0 0 0 0 0 0
Other Current Assets 63.6 65.9 33.4 63.5 58.0 64.7 62.1 54.1 55.5 76.8 42.5 23.8 43.1 44.8 43.5 43.8 38.5 17.2 18.1 13.0 0 13.0 13.5 13.3 12.4 12.3 0 0 0 0 0 0 0 0 0 0
Total Current Assets 283.5 372.9 459.0 532.8 547.6 627.9 713.2 843.9 837.5 950.8 1,076.2 1,024.7 919.8 1,001.6 1,086.0 1,010.2 949.6 678.6 788.4 609.6 674.3 727.9 789.9 415.6 475.3 536.7 0.1 0.4 0.5 0.5 0.9 0.9 1.2 1.6 1.3 0.1
Non-Current Assets
Property, Plant & Equipment 426.7 388.7 388.4 353.0 249.2 209.1 239.0 202.1 169.1 152.3 133.6 117.1 108.3 102.1 48.9 88.0 47.5 83.0 66.7 67.9 70.5 72.7 73.0 72.1 70.1 66.3 44.7 40.5 36.3 34.2 0 0 0 0 0 0
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 0 0 0 8.2 45.6 61.3 60.4 12.5 67.1 71.6 53.1 0 0 30.4 69.1 164.8 314.1 301.5 256.7 0 0 0 0 0 0 0 677.2 712.5 708.4 704.3 700.4 697.1 694.2 691.9 690.2 0
Other Non-Current Assets 40.1 41.6 6.2 4.7 61.5 62.9 3.6 4.0 4.6 4.8 5.0 5.0 5.4 5.8 55.2 5.6 40.9 5.8 5.9 6.5 3.2 3.4 3.2 3.2 2.6 2.6 (44.7) (40.5) (36.3) (34.2) 0 0 0 0.1 0 0.3
Total Non-Current Assets 466.8 430.3 394.6 366.0 356.4 333.3 303.1 218.6 240.8 228.7 191.8 122.1 113.7 138.3 173.2 258.3 402.6 390.2 329.3 74.4 73.7 76.1 76.2 75.3 72.7 68.9 677.2 712.5 708.4 704.3 700.4 697.1 694.2 692 690.2 0.3
Total Assets 750.2 803.2 853.5 898.8 903.9 961.2 1,016.3 1,062.5 1,078.3 1,179.5 1,268.0 1,146.8 1,033.5 1,139.9 1,259.2 1,268.5 1,352.1 1,068.8 1,117.6 684.0 748.0 804.0 866.0 491.0 548.1 605.5 677.3 712.9 708.9 704.8 701.3 698.1 695.4 693.6 691.5 0.4
Current Liabilities
Account Payables 17.0 15.2 9.4 10.3 3.0 3.7 8.1 37.7 32.9 32.4 28.0 24.7 25.6 16.3 19.9 12.8 9.7 9.2 8.0 3.6 3.7 6.0 8.5 8.2 8.4 7.0 0 0 0.3 0.2 0 0.3 0 0 0.1 0.3
Short-Term Debt 117.0 47.8 8.2 0 0 0 0 0 0 0 0 3.8 0 0 0 0 0 2.5 0.5 0.3 0.3 0.3 0 0 0 0 0 0 0.4 0.4 0.4 0.3 0 0 0.2 0.1
Deferred Revenue 78.0 78.5 0 0 82.2 84.5 0 0 0 0 0 0 0 0 104.0 0 100.1 0 0 0 0 0 83.2 0 0 83.4 (9.1) (9.0) (0.7) (0.6) 0 (0.7) 0 0 (0.2) (0.1)
Other Current Liabilities 70.6 67.8 113.0 93.1 17.0 12.3 96.9 100.4 108.4 107.2 98.0 135.3 102.3 102.9 0.1 105.0 2.5 98.0 84.8 82.0 92.3 83.3 2.3 82.5 83.9 0 (1.8) (5.8) (0.4) (0.4) 0.5 (0.3) 0.4 0.4 (0.2) 0
Total Current Liabilities 282.6 209.3 160.0 157.4 143.8 150.0 157.9 179.2 171.8 185.7 180.1 188.0 190.8 184.1 170.6 156.9 142.9 131.5 118.5 112.5 118.1 115.0 116.0 113.7 113.4 115.8 7.2 3.2 0.7 0.6 0.8 0.7 0.4 0.4 0.3 0.4
Non-Current Liabilities
Long-Term Debt 202.7 276.4 421.8 421.3 420.7 420.1 419.6 419.0 418.4 417.9 417.3 416.8 416.3 415.7 415.2 414.6 414.2 0 0 0 0.3 0.3 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 41.2 43.5 1.3 1.1 67.2 68.8 4.6 1.1 1.2 1.6 1.0 1.6 2.9 3.3 3.0 2.8 43.0 3.1 5.6 102.4 209.8 137.4 23.8 1.8 0 0 24.1 24.1 24.1 24.1 24.1 24.1 24.1 24.1 24.1 0
Total Non-Current Liabilities 243.9 319.9 467.6 478.0 487.9 488.9 492.4 488.4 488.9 488.4 488.5 474.3 475.9 475.7 475.1 461.0 457.2 43.0 29.2 126.3 210.1 161.9 23.8 23.0 22.7 22.1 24.1 24.1 24.1 24.1 24.1 24.1 24.1 24.1 24.1 0
Total Liabilities 526.5 529.2 627.6 635.4 631.8 638.9 650.3 667.6 660.7 674.0 668.6 662.2 666.7 659.7 645.6 617.9 600.0 174.6 147.7 238.8 328.2 276.9 139.8 136.7 136.1 138.0 31.4 27.4 24.8 24.7 25.0 24.8 24.6 24.5 24.5 0.4
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 0.0 640.9 680.5 679.1 675.0 671.3 668.3 665.8 664.1 662.0 0.0
Retained Earnings (2,816.5) (2,751.8) (2,689.1) (2,624.6) (2,557.4) (2,472.9) (2,396.5) (2,321.9) (2,228.1) (2,126.1) (2,022.1) (1,917.5) (1,783.2) (1,623.8) (1,473.0) (1,327.4) (1,216.7) (1,123.6) (1,042.8) (994.5) (900.4) (770.7) (321.1) (244.1) (181.6) (121.7) 5.0 5.0 5.0 5.0 5.0 5.5 3.1 1.3 (0.1) (0.0)
Accumulated Other Comprehensive Income 0.0 0.1 0.2 (0.0) 0.1 0.3 1.2 (0.6) (0.5) 0.4 (1.3) (2.3) (4.2) (7.3) (10.4) (9.6) (7.7) (1.9) (0.4) 0.0 0.0 0.0 0.1 0.0 0.0 0.1 0.0 0.1 0.1 0.1 0 0 0 0 0 0
Total Stockholders' Equity 223.7 274.0 225.9 263.4 272.2 322.3 366.0 394.8 417.6 505.5 599.4 484.5 366.8 480.2 613.5 650.6 752.1 894.3 969.9 445.2 419.8 527.1 726.2 354.2 412.0 467.6 645.9 685.5 684.1 680.0 676.3 673.3 670.8 669.1 667.0 0.0
Total Liabilities & Equity 750.2 803.2 853.5 898.8 903.9 961.2 1,016.3 1,062.5 1,078.3 1,179.5 1,268.0 1,146.8 1,033.5 1,139.9 1,259.2 1,268.5 1,352.1 1,068.8 1,117.6 684.0 748.0 804.0 866.0 491.0 548.1 605.5 677.3 712.9 708.9 704.8 701.3 698.1 695.4 693.6 691.5 0.4
Debt Metrics
Total Debt 319.7 324.2 474.5 483.7 420.7 420.1 492.9 492.2 492.4 491.1 491.7 476.5 476.7 475.4 475.3 460.6 414.2 42.5 26.1 26.5 0.6 27.2 0 23.4 25.2 24.5 1.7 0.8 0.4 0.4 0.4 0.3 0 0 0.2 0.1
Net Debt 194.9 179.5 315.7 320.1 279.9 241.5 320.6 309.9 297.0 274.3 260.7 78.5 61.0 173.1 81.2 130.8 (187.3) (507.6) (676.5) (525.1) (629.0) (638.8) (741.6) (336.5) (394.2) (455.9) 1.7 0.5 0.1 (0.1) (0.4) (0.5) (1.0) (0.7) (0.7) 0.0
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
Operating Activities
Net Income (64.7) (62.7) (64.4) (67.3) (84.5) (76.4) (74.5) (93.8) (102.0) (104.0) (104.6) (134.4) (159.4) (150.8) (145.6) (110.7) (93.1) (80.8) (48.4) (94.0) (129.7) (104.1) (92.1) (71.9) (59.9) (72.8) (0.5) 1.4 4.0 3.7 3.0 2.4 1.8 1,330.7 (0.1)
Depreciation & Amortization 3.9 4.0 4.1 4.2 4.2 4.2 4.3 3.3 3.7 3.6 3.3 3.2 3.2 (1.1) 2.2 3.4 2.9 2.9 2.9 2.9 2.9 2.8 2.5 2.4 2.1 2.1 1.7 1.6 1.6 1.1 1.4 1.4 1.4 0 0
Stock-Based Compensation 0 0 4.7 4.8 4.8 5.7 7.6 8.2 8.2 8.7 10.8 11.9 13.0 11.2 11.5 12.1 10.9 13.1 0 0 0 0 8.6 5.5 4.4 0 0 0 0 0 0 0 0 0 0
Change in Working Capital 3.1 2.0 0.1 4.1 1.2 (13.2) (13.2) 6.5 (18.4) 2.9 3.0 (4.8) 6.8 4.2 25.2 (5.3) 12.8 (12.0) 15.6 (8.3) 7.2 (10.6) 10.7 2.5 (2.9) (7.4) 3.0 2.3 (0.0) (0.2) 0.2 (0.0) 0.2 0.2 0
Other Non-Cash Items 4.2 4.3 (0.8) (1.2) (1.6) (1.3) (3.5) (3.4) (4.8) (6.5) (3.9) (1.2) 0.3 5.3 10.6 13.6 0.5 11.7 (22.3) 34.7 70.8 41.9 15.3 9.7 0.0 (123.7) (3.7) (4.1) (4.2) (3.9) (3.3) (3.0) (2.2) (1,331.1) 0.1
Operating Cash Flow (53.5) (52.5) (56.3) (55.4) (75.9) (81.0) (79.3) (79.1) (113.2) (95.3) (91.5) (125.3) (136.1) (131.2) (96.0) (86.9) (66.1) (65.1) (52.2) (64.7) (48.8) (70.1) (55.0) (51.8) (56.3) (201.8) (1.2) (0.4) (0.2) (0.3) (0.0) (0.5) (0.2) (0.1) (0.1)
Investing Activities
Capital Expenditure (39.8) (42.2) (51.5) (58.4) (46.0) (35.7) (38.7) (34.4) (13.1) (18.4) (13.3) (9.8) (2.8) (4.2) (6.0) (4.5) (1.8) (2.2) (0.8) (0.8) (0.8) (3.5) (3.7) (5.9) (4.0) (19.4) (5.4) (5.2) (3.1) (3.9) (2.9) (2.6) (1.1) 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
Purchases of Investments (33.5) (6.3) (85.8) (116.3) (104.6) (16.1) (178.5) (187.0) (161.8) (136.9) (463.0) (326.6) (83.3) (99.6) (225.7) 0 (204.9) 0 (286.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 101.1 109.4 136.5 197.8 158.1 111.0 250.0 222.0 257.4 235.5 231.1 165.5 305.8 140.3 294.6 0 0 0 0 0 0 0 0 0 0 (39.1) 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 0 0 0 0.0 0.0 0 0 0.6 0 0 0 0 0 0 (174.4) 0 (96.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow 27.8 61.0 (0.8) 23.2 7.5 59.2 32.8 0.6 83.1 80.3 (245.3) (171.0) 219.7 36.5 62.9 (178.9) (206.7) (98.9) (286.9) (0.8) (0.8) (3.5) (3.7) (5.9) (4.0) (58.5) (5.4) (5.2) (3.1) (3.9) (2.9) (2.6) (1.1) (0.2) 0
Financing Activities
Net Debt Issuance (5.0) (110.0) (0.1) (0.1) (0.0) (0.0) (0.0) (0.0) (0.1) (0.1) (0.1) (0.1) (0.1) (0.1) (0.4) (0.0) 413.7 (0.0) (0.3) (0.0) (0.0) (0.3) (0.0) (0.0) (0.0) (0.1) 1.0 (0.0) (0.0) 0.0 0.0 0.3 (0.1) 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (0.9) 0 (7.6) 0 0 0 0 0 0 0 (8.9) 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
Other Financing Activities (0.0) (0.1) (0.0) (1.7) (1.0) (1.1) (0.7) (1.2) (0.3) 4.9 (2.8) (3.1) (2.2) (0.6) (1.8) (0.0) (54.2) 1.1 (10.5) (1.6) (10.5) (4.5) (19.8) (0.8) (0.7) (1.3) (39.1) 0.4 0 0 0 0 0.7 (0.1) 0
Financing Cash Flow 5.5 8.4 22.1 53.9 29.7 28.0 36.4 63.0 6.9 (0.4) 207.8 238.2 29.8 3.0 97.4 (1.0) 359.5 (6.6) 495.1 0.5 0.3 (2.3) 440.4 (0.8) (0.7) 672.1 (38.1) 0.4 0.0 0.0 0.0 0.3 0.5 (0.1) 0
Cash Position
Net Change in Cash (20.2) 16.9 (34.9) 21.6 (38.7) 6.2 (10.1) (15.5) (23.2) (15.5) (129.0) (58.1) 113.5 (91.7) 64.3 (266.8) 86.8 (170.6) 156.0 (65.0) (49.3) (75.9) 381.7 (58.5) (61.1) 492.7 (0.2) (0.1) (0.1) (0.3) (0.0) (0.2) 0.3 (0.2) (0.1)
Cash at Beginning 175.7 158.8 193.7 172.2 210.9 204.7 214.8 230.4 253.6 269.1 398.0 456.1 342.6 434.4 370.1 636.8 550.0 720.6 564.7 629.7 679.0 754.8 373.2 431.7 492.7 0.0 0.3 0.3 0.5 0.8 0.8 1.0 0.7 0.9 0
Cash at End 155.5 175.7 158.8 193.7 172.2 210.9 204.7 214.8 230.4 253.6 269.1 398.0 456.1 342.6 434.4 370.1 636.8 550.0 720.6 564.7 629.7 679.0 754.8 373.2 431.7 492.7 0.0 0.3 0.3 0.5 0.8 0.8 1.0 0.7 (0.1)
Free Cash Flow (93.3) (94.6) (107.8) (113.8) (122.0) (116.7) (118.0) (113.5) (126.3) (113.7) (104.8) (135.2) (138.8) (135.4) (102.1) (91.4) (67.8) (67.3) (53.0) (65.5) (49.6) (73.6) (58.7) (57.7) (60.3) (221.2) (6.6) (5.6) (3.2) (4.3) (3.0) (3.2) (1.3) (0.1) (0.1)
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
Income Statement
Revenue 0.2 0.3 0.4 0.4 0.5 0.4 0.4 4.2 2.0 2.8 1.7 1.9 0.4 0.9 0.8 0.4 0.3 0.1 2.6 0.6 0 0 0 0 0.2 0.5 0.8 0.6 1.8 1.3 0.4 0.7 0.5 0 0
Gross Profit (33.3) (21.9) (23.2) (18.0) (24.6) (19.8) (19.5) (26.3) (24.3) (21.5) (23.9) 1.6 0.1 (3.4) 0.2 0.2 0.3 0.1 2.4 0.5 (2.9) 0 (2.5) (2.5) 0.1 (1.9) (3.4) (2.0) 1.6 (0.1) 0.2 0.1 0.3 0 (0.3)
Operating Income (65.6) (60.9) (63.8) (69.9) (88.4) (82.0) (81.7) (101.8) (111.2) (114.3) (114.3) (139.6) (163.4) (153.3) (145.6) (109.7) (91.4) (81.3) (83.1) (73.9) (81.3) (74.3) (77.0) (63.1) (61.0) (21.1) (4.2) (2.7) (0.1) (0.1) (0.2) (0.5) (0.5) (610.6) (0.3)
Net Income (64.7) (62.7) (64.4) (67.3) (84.5) (76.4) (74.5) (93.8) (102.0) (104.0) (104.6) (134.4) (159.4) (150.8) (145.6) (110.7) (93.1) (80.8) (48.4) (94.0) (129.7) (74.0) (92.1) (72.0) (59.9) (72.8) (0.5) 1.4 4.0 3.7 3.0 2.4 1.8 1,330.7 (0.1)
EPS (Diluted) -0.81 -0.98 -1.09 -1.47 -2.38 -2.53 -2.66 -4.36 -4.92 -5.20 -5.57 -9.16 -11.40 -11.00 -11.00 -8.60 -7.21 -6.35 -3.79 -7.81 -11.08 -8.80 -8.20 -6.80 -37.23 -7.83 -5.32 -4.55 -4.40 -4.72 -0.00 -0.02 -0.02 6.85 -0.00
Balance Sheet
Cash & Equivalents 124.8 144.7 158.8 163.5 140.8 178.6 172.4 182.3 195.4 216.8 231.0 398.0 415.7 302.3 394.0 329.9 601.5 550.0 702.6 551.6 629.7 665.9 741.6 359.9 419.4 480.4 0.0 0.3 0.3 0.5 0.8 0.8 1.0 0.7 0.9 0.1
Total Assets 750.2 803.2 853.5 898.8 903.9 961.2 1,016.3 1,062.5 1,078.3 1,179.5 1,268.0 1,146.8 1,033.5 1,139.9 1,259.2 1,268.5 1,352.1 1,068.8 1,117.6 684.0 748.0 804.0 866.0 491.0 548.1 605.5 677.3 712.9 708.9 704.8 701.3 698.1 695.4 693.6 691.5 0.4
Total Debt 319.7 324.2 474.5 483.7 420.7 420.1 492.9 492.2 492.4 491.1 491.7 476.5 476.7 475.4 475.3 460.6 414.2 42.5 26.1 26.5 0.6 27.2 0 23.4 25.2 24.5 1.7 0.8 0.4 0.4 0.4 0.3 0 0 0.2 0.1
Stockholders' Equity 223.7 274.0 225.9 263.4 272.2 322.3 366.0 394.8 417.6 505.5 599.4 484.5 366.8 480.2 613.5 650.6 752.1 894.3 969.9 445.2 419.8 527.1 726.2 354.2 412.0 467.6 645.9 685.5 684.1 680.0 676.3 673.3 670.8 669.1 667.0 0.0
Cash Flow
Operating Cash Flow (53.5) (52.5) (56.3) (55.4) (75.9) (81.0) (79.3) (79.1) (113.2) (95.3) (91.5) (125.3) (136.1) (131.2) (96.0) (86.9) (66.1) (65.1) (52.2) (64.7) (48.8) (70.1) (55.0) (51.8) (56.3) (201.8) (1.2) (0.4) (0.2) (0.3) (0.0) (0.5) (0.2) (0.1) (0.1)
Capital Expenditure (39.8) (42.2) (51.5) (58.4) (46.0) (35.7) (38.7) (34.4) (13.1) (18.4) (13.3) (9.8) (2.8) (4.2) (6.0) (4.5) (1.8) (2.2) (0.8) (0.8) (0.8) (3.5) (3.7) (5.9) (4.0) (19.4) (5.4) (5.2) (3.1) (3.9) (2.9) (2.6) (1.1) 0 0
Free Cash Flow (93.3) (94.6) (107.8) (113.8) (122.0) (116.7) (118.0) (113.5) (126.3) (113.7) (104.8) (135.2) (138.8) (135.4) (102.1) (91.4) (67.8) (67.3) (53.0) (65.5) (49.6) (73.6) (58.7) (57.7) (60.3) (221.2) (6.6) (5.6) (3.2) (4.3) (3.0) (3.2) (1.3) (0.1) (0.1)