SRRK - Scholar Rock Holding Corporation
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$59.17
DETAILS
HIGH:
$65.00
LOW:
$55.00
MEDIAN:
$59.00
CONSENSUS:
$59.17
UPSIDE:
22.94%
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.2 | 4.0 | 5.5 | 4.6 | 4.7 | 3.4 | 3.0 | 3.9 | 5.0 | 7.6 | 4.8 | 5.0 | 3.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 0.3 | 0 | 0 | 0.4 | 0 | 0.4 | 0.4 | 0.5 | 0.6 | 0.7 | 0.7 | 2.6 | 2.5 | 2.5 | 2.5 | 2.5 | 29.4 | 29.1 | 31.3 | 25.6 | 22.5 | 21.8 | 18.4 | 16.0 | 16.9 | 14.1 | 15.7 | 13.7 | 10.7 | 10.1 | 8.1 | 11.4 | 6.7 | 6.9 | 4.8 | 4.7 | 3.6 |
| Gross Profit | (0.3) | 0 | 0 | (0.4) | 0 | (0.4) | (0.4) | (0.5) | (0.6) | (0.7) | (0.7) | (2.6) | (2.5) | (2.5) | (2.5) | (2.5) | 3.8 | (25.0) | (25.8) | (21.0) | (17.8) | (18.3) | (15.3) | (12.1) | (11.9) | (6.5) | (10.9) | (8.7) | (7.6) | (10.1) | (8.1) | (11.4) | (6.7) | (6.9) | (4.8) | (4.7) | (3.6) |
| Operating Expenses | |||||||||||||||||||||||||||||||||||||
| R&D Expenses | 51.8 | 46.9 | 50.5 | 62.0 | 48.7 | 50.0 | 48.3 | 41.9 | 42.5 | 34.3 | 29.6 | 24.3 | 27.2 | 27.1 | 30.9 | 28.2 | 29.4 | 29.1 | 31.3 | 25.6 | 22.5 | 21.8 | 18.4 | 17.0 | 16.9 | 14.1 | 15.7 | 13.7 | 10.7 | 10.1 | 8.1 | 11.4 | 6.7 | 6.9 | 4.8 | 4.7 | 3.6 |
| SG&A Expenses | 50.2 | 45.0 | 53.1 | 49.7 | 28.4 | 19.0 | 16.1 | 17.1 | 15.3 | 13.1 | 13.3 | 12.2 | 10.8 | 10.8 | 10.5 | 10.6 | 10.8 | 10.4 | 11.3 | 9.3 | 9.4 | 7.8 | 8.3 | 6.4 | 5.8 | 5.9 | 6.2 | 4.7 | 4.1 | 5.4 | 3.2 | 3.5 | 2.3 | 1.6 | 1.2 | 1.2 | 1.2 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (29.4) | (29.1) | (31.3) | (25.6) | (22.5) | (21.8) | (18.4) | (16.0) | (16.9) | (14.1) | 1.0 | 0.9 | 0.9 | 0 | 0.5 | (0.0) | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) |
| Operating Expenses | 102.0 | 91.9 | 103.5 | 111.7 | 77.1 | 69.0 | 64.3 | 59 | 57.8 | 47.4 | 43.0 | 36.5 | 38.0 | 37.9 | 41.4 | 38.8 | 10.8 | 10.4 | 11.3 | 9.3 | 9.4 | 7.8 | 8.3 | 7.4 | 5.8 | 5.9 | 21.9 | 18.4 | 14.8 | 15.6 | 11.2 | 14.9 | 9.0 | 8.5 | 5.9 | 5.9 | 4.7 |
| Operating Income | |||||||||||||||||||||||||||||||||||||
| Operating Income | (102.0) | (91.9) | (103.5) | (112.1) | (77.1) | (69.4) | (64.8) | (59.5) | (58.4) | (48.0) | (43.7) | (39.1) | (40.5) | (40.4) | (43.9) | (41.2) | (6.9) | (35.4) | (37.1) | (30.3) | (27.2) | (26.1) | (23.6) | (19.5) | (17.7) | (12.3) | (17.1) | (13.4) | (11.7) | (15.6) | (11.2) | (14.9) | (9.0) | (8.5) | (5.9) | (5.9) | (4.7) |
| Interest Expense | 2.3 | 2.5 | 1.3 | 1.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 | 1.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 2.9 | 3.5 | 2.7 | 3.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.9 | 0.6 | 0.5 | 0.2 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | |||||||||||||||||||||||||||||||||||||
| EBITDA | (102.0) | (88.0) | (100.5) | (108.4) | (76.7) | (66.1) | (64.3) | (58.0) | (57.8) | (45.5) | (43.0) | (35.3) | (36.8) | (36.7) | (40.8) | (41.5) | (6.2) | (34.6) | (36.4) | (29.6) | (26.6) | (25.8) | (23.2) | (18.1) | (17.3) | (12.0) | (16.8) | (13.1) | (11.4) | (15.3) | (11.0) | (14.7) | (8.8) | (8.3) | (5.8) | (5.7) | (4.6) |
| EBIT | (102.0) | (88.4) | (100.9) | (108.8) | (77.1) | (66.5) | (64.8) | (58.5) | (58.4) | (46.1) | (43.7) | (37.9) | (39.4) | (39.3) | (43.3) | (44) | (6.9) | (35.4) | (37.1) | (30.3) | (27.2) | (26.1) | (23.6) | (18.5) | (17.7) | (12.3) | (17.1) | (13.4) | (11.7) | (15.6) | (11.2) | (14.9) | (9.0) | (8.5) | (5.9) | (5.9) | (4.7) |
| Income Before Tax | (105.5) | (91.0) | (102.2) | (110.0) | (74.7) | (66.5) | (64.5) | (58.5) | (56.9) | (46.1) | (42.4) | (37.9) | (39.4) | (39.3) | (43.3) | (44) | (8.0) | (35.9) | (37.5) | (30.7) | (27.7) | (26.6) | (23.6) | (19.3) | (17.1) | (11.6) | (16.1) | (12.5) | (10.8) | (15.0) | (10.8) | (14.7) | (8.9) | (8.5) | (5.9) | (5.9) | (4.7) |
| 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 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.0) | (0.0) | (0.0) |
| Net Income | (105.5) | (91.0) | (102.2) | (110.0) | (74.7) | (66.5) | (64.5) | (58.5) | (56.9) | (46.1) | (42.4) | (37.9) | (39.4) | (39.3) | (43.3) | (44) | (8.0) | (35.9) | (37.5) | (30.7) | (27.7) | (26.6) | (23.6) | (19.3) | (17.1) | (11.6) | (16.1) | (12.5) | (10.8) | (15.0) | (10.8) | (14.7) | (8.9) | (8.5) | (5.9) | (5.9) | (4.7) |
| Per Share Data | |||||||||||||||||||||||||||||||||||||
| EPS (Basic) | -0.83 | -0.74 | -0.90 | -0.98 | -0.67 | -0.67 | -0.66 | -0.60 | -0.59 | -0.61 | -0.53 | -0.47 | -0.49 | -0.74 | -0.54 | -1.08 | -0.24 | -1.02 | -1.02 | -0.84 | -0.76 | -0.89 | -0.79 | -0.65 | -0.58 | -0.39 | -0.55 | -0.48 | -0.42 | -0.61 | -0.44 | -1.39 | -0.36 | -0.47 | -0.33 | -0.33 | -0.26 |
| EPS (Diluted) | -0.83 | -0.74 | -0.90 | -0.98 | -0.67 | -0.67 | -0.66 | -0.60 | -0.59 | -0.61 | -0.53 | -0.47 | -0.49 | -0.74 | -0.54 | -1.08 | -0.24 | -0.98 | -1.02 | -0.84 | -0.76 | -0.89 | -0.79 | -0.65 | -0.58 | -0.39 | -0.55 | -0.48 | -0.42 | -0.58 | -0.44 | -1.39 | -0.36 | -0.47 | -0.33 | -0.33 | -0.26 |
| Shares Outstanding | 127.3 | 114.7 | 113.7 | 112.7 | 111.8 | 99.8 | 97.1 | 96.8 | 95.9 | 76.0 | 80.6 | 80.1 | 79.6 | 51.7 | 79.3 | 41.6 | 37.5 | 35.2 | 36.7 | 36.6 | 36.4 | 29.8 | 29.8 | 29.7 | 29.5 | 29.4 | 29.2 | 25.9 | 25.6 | 24.7 | 24.3 | 10.6 | 24.4 | 17.9 | 17.9 | 17.9 | 17.9 |
| 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 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 430.5 | 323.5 | 286.8 | 152.9 | 137.9 | 177.9 | 76.4 | 93.4 | 92.0 | 101.9 | 67.6 | 108.1 | 151.3 | 103.3 | 133.1 | 305.7 | 100.2 | 212.8 | 176.1 | 206.9 | 159.1 | 160.4 | 56.2 | 115.1 | 95.4 | 36.3 | 32.6 | 113.8 | 67.0 | 115.1 | 104.0 | 115.1 | 22.8 | 56.5 | (28.0) |
| Short-Term Investments | 49.4 | 44.0 | 82.9 | 142.1 | 226.4 | 259.4 | 62.7 | 97.1 | 146.5 | 178.1 | 151.0 | 140.7 | 124.0 | 212.1 | 210.6 | 65.0 | 110.0 | 40.2 | 70.3 | 75.3 | 155.6 | 180.7 | 60.0 | 26.0 | 65.2 | 121.1 | 143.4 | 71.3 | 92.7 | 60.6 | 0 | 0 | 24.9 | 1.5 | 56.1 |
| Net Receivables | 0 | 0 | 3.5 | 2.0 | 1.9 | 2.2 | 1.1 | 1.3 | 1.1 | 1.1 | 0 | 0 | 0 | 2.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 |
| Other Current Assets | 35.3 | 17.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.8 | 11.1 | 11.9 | 0 | 14.0 | 18.5 | 18.4 | 12.3 | 0 | 0 | 0 | 0 | 3.1 | 4.0 | 3.5 | 2.7 | 3.2 | 3.2 | 2.4 | 2.3 | 2.2 | 1.9 | 0 | 0 | 0 |
| Total Current Assets | 515.3 | 385.1 | 390.7 | 319.1 | 385.2 | 451.2 | 152.9 | 199.1 | 246.9 | 288.2 | 228.5 | 259.8 | 287.2 | 328.0 | 357.6 | 389.1 | 228.6 | 265.3 | 258.2 | 290.4 | 318.5 | 344.4 | 119.4 | 145.2 | 164.2 | 185.2 | 179.2 | 188.4 | 162.0 | 177.9 | 106.2 | 116.9 | 50.9 | 59.2 | 28.0 |
| Non-Current Assets | |||||||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 11.6 | 12.1 | 13.9 | 15.5 | 17.0 | 18.4 | 20.0 | 21.5 | 13.8 | 16.0 | 18.3 | 20.9 | 23.4 | 25.9 | 28.5 | 30.8 | 33.2 | 35.0 | 36.6 | 38.2 | 38.6 | 40.4 | 40.5 | 7.6 | 8.2 | 8.6 | 9.0 | 8.3 | 8.7 | 3.2 | 2.6 | 1.9 | 2.0 | 2.2 | 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 |
| Intangible Assets | 0 | 0 | 0 | 2.4 | 2.3 | 2.4 | 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 |
| Long-Term Investments | 0 | 0 | 3.8 | 0 | 0 | 0 | 0 | 0 | 2.4 | 0 | 2.6 | 2.6 | 2.5 | 0 | 2.5 | 2.5 | 2.5 | 2.5 | 0 | 0 | 0 | 0 | 2.5 | 2.5 | 2.5 | 2.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 8.4 | 7.0 | 3.3 | 3.0 | 3.0 | 3.0 | 6.2 | 6.2 | 4.1 | 2.8 | 1.3 | 1.6 | 1.7 | 4.2 | 1.7 | 1.7 | 1.7 | 1.6 | 3.6 | 3.5 | 3.5 | 3.5 | 1.0 | 1.1 | 0.8 | 0.1 | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 1.2 | 0.3 | (28.0) |
| Total Non-Current Assets | 20.0 | 19.1 | 21.0 | 20.9 | 22.3 | 23.8 | 26.2 | 27.7 | 20.4 | 22.8 | 22.2 | 25.1 | 27.6 | 30.1 | 32.7 | 35.0 | 37.4 | 39.1 | 40.2 | 41.7 | 42.1 | 43.9 | 44.0 | 11.2 | 11.5 | 11.2 | 9.3 | 8.5 | 9.0 | 3.4 | 2.8 | 2.1 | 3.2 | 2.4 | (28.0) |
| Total Assets | 535.3 | 404.3 | 411.7 | 340.0 | 407.6 | 474.9 | 179.1 | 226.9 | 267.3 | 311.0 | 250.7 | 284.9 | 314.7 | 358.2 | 390.3 | 424.1 | 266.0 | 304.4 | 298.4 | 332.1 | 360.6 | 388.3 | 163.4 | 156.4 | 175.7 | 196.4 | 188.5 | 196.9 | 171.0 | 181.3 | 109.0 | 119.0 | 54.2 | 61.6 | 0 |
| Current Liabilities | |||||||||||||||||||||||||||||||||||
| Account Payables | 9.2 | 10.3 | 6.8 | 1.1 | 4.4 | 10.1 | 4.1 | 3.3 | 2.9 | 3.5 | 2.0 | 3.0 | 3.7 | 4.0 | 2.0 | 2.9 | 3.0 | 4.4 | 2.0 | 1.6 | 2.2 | 3.4 | 1.1 | 2.7 | 2.2 | 1.1 | 3.0 | 1.9 | 3.2 | 3.3 | 1.8 | 2.6 | 3.3 | 1.4 | 0 |
| Short-Term Debt | 6.1 | 5.5 | 5.3 | 0 | 0 | 0 | 0 | 7.8 | 5.5 | 1.3 | 7.2 | 7.3 | 0 | 0 | 8.9 | 19.4 | 14.2 | 9.0 | 0 | 0 | 0 | 0 | 4.1 | 1.3 | 1.2 | 1.1 | 1.1 | 1.1 | 0.3 | 0.4 | 0.6 | 0.7 | 0.6 | 0.6 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.2 | 37.2 | 42.7 | 47.3 | 18.8 | 16.7 | 20.4 | 16.3 | 20.9 | 20.3 | 23.5 | 25.4 | 20.2 | (0.0) | (0.7) | (0.6) | (0.6) | 0 |
| Other Current Liabilities | 44.3 | 39.6 | 27.1 | 0 | 0 | 0 | 0 | 8.3 | 15.4 | 0.1 | 9.2 | 8.3 | 0.1 | 0.2 | 8.2 | 5.1 | 4.1 | 3.1 | 0.2 | 0.2 | 0.2 | 0.0 | 6.0 | 4.7 | 5.2 | 5.2 | 4.3 | 2.7 | 3.0 | 0.0 | 1.6 | 2.1 | 0.5 | 1.9 | 0 |
| Total Current Liabilities | 59.6 | 55.4 | 62.0 | 50.4 | 37.6 | 46.9 | 39.4 | 33.0 | 37.5 | 32.7 | 26.7 | 24.3 | 26.2 | 36.4 | 33.7 | 40.2 | 33.4 | 64.3 | 64.6 | 67.0 | 70.0 | 42.6 | 32.9 | 32.6 | 27.1 | 32.8 | 32.5 | 32.0 | 34.1 | 31.1 | 5.8 | 6.7 | 5.9 | 5.0 | 0 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||||||
| Long-Term Debt | 199.6 | 103.4 | 99.6 | 49.8 | 49.7 | 50.1 | 50.1 | 48.5 | 44.6 | 48.7 | 50.0 | 49.9 | 49.8 | 49.7 | 49.8 | 38.8 | 43.6 | 48.4 | 24.9 | 24.8 | 24.8 | 24.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0.2 | 0.4 | 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 |
| Other Non-Current 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 | 0.9 | 0.9 | 0.7 | 0.7 | 109.7 | 0 |
| Total Non-Current Liabilities | 199.6 | 103.4 | 104.8 | 56.3 | 57.6 | 59.4 | 60.6 | 60.3 | 47.0 | 53.1 | 56.3 | 58.1 | 59.9 | 61.5 | 63.3 | 54.5 | 61.3 | 68.1 | 46.5 | 48.4 | 50.1 | 85.0 | 67.6 | 41.6 | 50.0 | 50.7 | 34.2 | 35.9 | 39.4 | 43.6 | 0.9 | 0.7 | 0.9 | 110.1 | 0 |
| Total Liabilities | 259.2 | 158.8 | 166.7 | 106.8 | 95.2 | 106.3 | 99.9 | 93.2 | 84.5 | 85.8 | 83.0 | 82.4 | 86.1 | 97.9 | 97.0 | 94.6 | 94.7 | 132.4 | 111.1 | 115.4 | 120.0 | 127.5 | 100.4 | 74.2 | 77.1 | 83.5 | 66.8 | 68.0 | 73.5 | 74.7 | 6.7 | 7.4 | 6.8 | 115.2 | 0 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 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 |
| Retained Earnings | (1,406.2) | (1,300.7) | (1,209.7) | (1,107.5) | (997.4) | (922.7) | (856.3) | (791.8) | (733.3) | (676.4) | (630.3) | (587.9) | (550.0) | (510.6) | (471.4) | (428.1) | (384.1) | (376.1) | (340.2) | (302.7) | (272.0) | (244.3) | (217.8) | (194.2) | (174.9) | (157.8) | (146.3) | (130.1) | (117.6) | (106.8) | (91.9) | (81.1) | (66.5) | (57.5) | 0 |
| Accumulated Other Comprehensive Income | 0.7 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | (0.1) | (0.1) | 0.1 | (0.0) | (0.1) | (0.3) | (0.9) | (0.9) | (0.1) | (0.2) | (0.0) | 0 | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | 0.1 | 0.0 | (0.0) | (2.1) | (1.9) | (0.0) | (0.0) | (30.0) |
| Total Stockholders' Equity | 276.0 | 245.5 | 245.0 | 233.3 | 312.3 | 368.6 | 79.2 | 133.6 | 182.8 | 225.2 | 167.7 | 202.5 | 228.7 | 260.2 | 293.3 | 329.5 | 171.3 | 172.1 | 187.3 | 216.7 | 240.5 | 260.8 | 63.0 | 82.2 | 98.6 | 112.9 | 121.8 | 129.0 | 97.5 | 106.6 | 102.3 | 111.6 | 47.4 | (53.5) | 28.0 |
| Total Liabilities & Equity | 535.3 | 404.3 | 411.7 | 340.0 | 407.6 | 474.9 | 179.1 | 226.9 | 267.3 | 311.0 | 250.7 | 284.9 | 314.7 | 358.2 | 390.3 | 424.1 | 266.0 | 304.4 | 298.4 | 332.1 | 360.6 | 388.3 | 163.4 | 156.4 | 175.7 | 196.4 | 188.5 | 196.9 | 171.0 | 181.3 | 109.0 | 119.0 | 54.2 | 61.6 | 28.0 |
| Debt Metrics | |||||||||||||||||||||||||||||||||||
| Total Debt | 205.7 | 108.9 | 110.1 | 61.5 | 63.1 | 65.1 | 66.6 | 74.2 | 60.1 | 61.8 | 63.5 | 65.4 | 67.5 | 69.4 | 80.2 | 81.7 | 83.1 | 84.5 | 53.7 | 55.4 | 55.8 | 57.1 | 32.9 | 4.8 | 5.0 | 5.3 | 5.6 | 5.7 | 6.2 | 0.5 | 0.6 | 0.7 | 0.9 | 1.0 | 0 |
| Net Debt | (224.9) | (214.6) | (176.7) | (91.4) | (74.8) | (112.8) | (9.8) | (19.1) | (31.9) | (40.0) | (4.1) | (42.7) | (83.8) | (33.9) | (52.8) | (224.0) | (17.1) | (128.4) | (122.4) | (151.6) | (103.4) | (103.2) | (23.3) | (110.4) | (90.4) | (31.0) | (27.1) | (108.1) | (60.8) | (114.6) | (103.4) | (114.3) | (21.9) | (55.4) | 28.0 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||||||
| Net Income | (105.5) | (91.0) | (102.2) | (110.0) | (74.7) | (66.5) | (64.5) | (58.5) | (56.9) | (46.1) | (42.4) | (37.9) | (39.4) | (39.3) | (43.3) | (44) | (8.0) | (35.9) | (37.5) | (30.7) | (27.7) | (26.6) | (23.6) | (19.3) | (17.1) | (11.6) | (16.1) | (12.5) | (10.8) | (15.0) | (10.8) | (14.7) | (8.9) | (8.5) | (5.9) | (5.9) | (4.7) |
| Depreciation & Amortization | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | 0.6 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | 0.6 | 0.3 | 0.4 | 0.4 | 0.4 | 0.6 | (0.2) | 0.6 | 0.5 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 |
| Stock-Based Compensation | 0 | 19.4 | 18.3 | 24.4 | 13.4 | 9.5 | 9.7 | 9.3 | 8.2 | 7.0 | 7.2 | 6.8 | 6.2 | 6.2 | 7.9 | 6.8 | 6.8 | 6.1 | 6.2 | 6.2 | 4.7 | 2.5 | 4.0 | 2.4 | 2.2 | 0 | 2.7 | 1.8 | 1.6 | 2.2 | 1.5 | 1.1 | 0.5 | 0.8 | 0.2 | 0.2 | 0.3 |
| Change in Working Capital | 0.1 | (5.7) | 17.5 | 8.3 | (17.5) | 7.2 | 1.4 | (0.5) | (1.5) | 1.3 | 2.1 | (2.9) | (11.1) | 3.2 | 7.0 | (0.4) | (44.2) | (5.2) | (7.3) | (9.9) | (6.0) | 2.3 | (4.5) | (3.6) | 17.0 | (6.8) | (1.9) | (5.9) | (6.5) | 68.2 | (0.2) | 1.6 | (1.7) | 1.7 | (0.1) | 0.2 | (0.2) |
| Other Non-Cash Items | 23.0 | 1.3 | (3.0) | (0.1) | (0.2) | (0.1) | 0.5 | 0.0 | (0.2) | (0.2) | 0.1 | 0.7 | 0.5 | 0.3 | 1.1 | 2.1 | 2.0 | 1.8 | 2.0 | 1.9 | 1.9 | 1.7 | 0.3 | 0.2 | 0.1 | 1.5 | 0.4 | (0.3) | (0.4) | (0.6) | 0.2 | 0.1 | (0.0) | (0.0) | (0.1) | 0.0 | 0.0 |
| Operating Cash Flow | (82.1) | (75.5) | (68.9) | (76.9) | (78.7) | (49.5) | (52.5) | (49.2) | (49.8) | (37.3) | (32.3) | (32.5) | (43.1) | (28.9) | (26.5) | (34.7) | (42.6) | (32.5) | (36.0) | (31.8) | (26.5) | (19.7) | (23.4) | (19.8) | 2.6 | (16.1) | (15.1) | (16.4) | (15.5) | 55.1 | (9.0) | (11.6) | (9.9) | (6.1) | (5.7) | (5.4) | (4.6) |
| Investing Activities | |||||||||||||||||||||||||||||||||||||
| Capital Expenditure | (0.1) | (0.0) | (0.1) | (0.2) | (0.3) | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 | (0.0) | (0.0) | (0.1) | (0.0) | (0.5) | (0.4) | (0.5) | (1.4) | (1.0) | (2.3) | (2.0) | (1.8) | (0.1) | (0.2) | (1.5) | (0.4) | (0.6) | (0.7) | (0.7) | (0.6) | (0.0) | (0.2) | (0.1) | (0.0) | (0.1) | (0.1) |
| 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 | 51.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (25.3) | 0 | (18.7) | (21.2) | (58.1) | (210.4) | (14.3) | (33.5) | (35.0) | (104.1) | (81.5) | (105.2) | 0 | (9.8) | (210.7) | (0.0) | (80.1) | 0 | (30.3) | 0 | (30.1) | (120.7) | (60.0) | 0 | (19.4) | (40.8) | (117.3) | 0 | (77.3) | (51.8) | 0 | 23.4 | (23.4) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 20 | 39 | 78.5 | 106.9 | 92.9 | 15.1 | 49.6 | 84.1 | 68.4 | 79 | 73 | 90 | 90 | 10 | 65 | 45 | 10 | 30 | 35 | 80 | 55 | 0 | 26 | 39 | 75.7 | 63.5 | 45.5 | 21.7 | 45.6 | 15.0 | 0.0 | 1.5 | 0 | 6.0 | 9.0 | 1.5 | 1.5 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | 21.7 | (31.7) | (75.2) | 0.0 | 23.4 | (23.4) | 6.0 | 9.0 | 1.5 | 1.5 |
| Investing Cash Flow | (5.3) | 39.0 | 59.7 | 85.5 | 34.6 | (195.4) | 35.3 | 50.6 | 33.4 | (25.1) | (8.5) | (15.2) | 90.0 | 0.1 | (145.7) | 44.5 | (70.6) | 29.5 | 3.3 | 79.0 | 22.6 | (122.6) | (35.9) | 38.9 | 56.1 | 21.2 | (72.2) | 21.1 | (32.4) | (60.9) | (0.6) | 24.9 | (23.6) | 5.9 | 9.0 | 1.4 | 1.4 |
| Financing Activities | |||||||||||||||||||||||||||||||||||||
| Net Debt Issuance | 92.3 | 0 | 50.0 | 0.0 | 24.7 | 0 | (0.0) | 0 | 0 | 0 | 0 | 0 | 0 | (1.0) | 0 | 0 | 0 | 25.0 | 0 | 0 | 0 | 24.6 | 0 | 0 | 0 | 0 | 0 | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) | (0.2) |
| 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 |
| 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 |
| Other Financing Activities | 0 | (0.0) | 94.5 | 0 | (25.5) | 22.0 | 0.2 | (0.1) | 6.5 | 4.0 | 0.3 | 0.3 | 0.2 | 0 | 0 | 0.0 | 0.5 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | 42.3 | 0.0 | 17.1 | 0.0 | 79.1 | 0 | 4.3 | 0 | 0 | 0 |
| Financing Cash Flow | 193.8 | 73.3 | 144.5 | 6.5 | 4.2 | 346.4 | 0.2 | (0.0) | 6.5 | 96.5 | 0.3 | 4.7 | 1.1 | (1.0) | (0.5) | 195.8 | 0.5 | 39.7 | 1.9 | 0.6 | 2.7 | 246.5 | 0.4 | 0.6 | 0.4 | 0.8 | 6.1 | 42.1 | (0.2) | 16.9 | (1.5) | 79.0 | (0.2) | 46.7 | (0.2) | 4.1 | (0.2) |
| Cash Position | |||||||||||||||||||||||||||||||||||||
| Net Change in Cash | 107.0 | 36.8 | 135.2 | 15.0 | (40.0) | 101.5 | (17.0) | 1.4 | (9.9) | 34.1 | (40.5) | (43.1) | 48.0 | (29.8) | (172.7) | 205.6 | (112.7) | 36.7 | (30.8) | 47.8 | (1.2) | 104.1 | (58.9) | 19.7 | 59.1 | 3.7 | (81.2) | 46.8 | (48.1) | 11.1 | (11.1) | 92.2 | (33.6) | 46.6 | 3.1 | 0.2 | (3.4) |
| Cash at Beginning | 323.5 | 290.6 | 155.3 | 140.3 | 177.9 | 78.8 | 95.8 | 92.0 | 104.3 | 70.2 | 110.7 | 153.8 | 105.8 | 133.1 | 308.2 | 102.7 | 215.3 | 176.1 | 206.9 | 159.1 | 160.4 | 56.2 | 115.1 | 95.4 | 36.3 | 32.6 | 114.0 | 67.2 | 115.3 | 104.2 | 115.3 | 23.0 | 56.7 | 10.1 | 7.0 | 6.9 | 10.2 |
| Cash at End | 430.5 | 327.3 | 290.6 | 155.3 | 137.9 | 180.3 | 78.8 | 93.4 | 94.4 | 104.3 | 70.2 | 110.7 | 153.8 | 103.3 | 135.6 | 308.2 | 102.7 | 212.8 | 176.1 | 206.9 | 159.1 | 160.4 | 56.2 | 115.1 | 95.4 | 36.3 | 32.8 | 114.0 | 67.2 | 115.3 | 104.2 | 115.3 | 23.0 | 56.7 | 10.1 | 7.0 | 6.9 |
| Free Cash Flow | (82.2) | (75.5) | (69.0) | (77.2) | (78.9) | (49.5) | (52.5) | (49.2) | (49.8) | (37.3) | (32.3) | (32.6) | (43.1) | (29.0) | (26.5) | (35.2) | (43.0) | (33.0) | (37.4) | (32.8) | (28.9) | (21.7) | (25.2) | (19.9) | 2.4 | (17.5) | (15.5) | (17.0) | (16.2) | 54.4 | (9.6) | (11.6) | (10.1) | (6.2) | (5.8) | (5.4) | (4.7) |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33.2 | 4.0 | 5.5 | 4.6 | 4.7 | 3.4 | 3.0 | 3.9 | 5.0 | 7.6 | 4.8 | 5.0 | 3.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (0.3) | 0 | 0 | (0.4) | 0 | (0.4) | (0.4) | (0.5) | (0.6) | (0.7) | (0.7) | (2.6) | (2.5) | (2.5) | (2.5) | (2.5) | 3.8 | (25.0) | (25.8) | (21.0) | (17.8) | (18.3) | (15.3) | (12.1) | (11.9) | (6.5) | (10.9) | (8.7) | (7.6) | (10.1) | (8.1) | (11.4) | (6.7) | (6.9) | (4.8) | (4.7) | (3.6) |
| Operating Income | (102.0) | (91.9) | (103.5) | (112.1) | (77.1) | (69.4) | (64.8) | (59.5) | (58.4) | (48.0) | (43.7) | (39.1) | (40.5) | (40.4) | (43.9) | (41.2) | (6.9) | (35.4) | (37.1) | (30.3) | (27.2) | (26.1) | (23.6) | (19.5) | (17.7) | (12.3) | (17.1) | (13.4) | (11.7) | (15.6) | (11.2) | (14.9) | (9.0) | (8.5) | (5.9) | (5.9) | (4.7) |
| Net Income | (105.5) | (91.0) | (102.2) | (110.0) | (74.7) | (66.5) | (64.5) | (58.5) | (56.9) | (46.1) | (42.4) | (37.9) | (39.4) | (39.3) | (43.3) | (44) | (8.0) | (35.9) | (37.5) | (30.7) | (27.7) | (26.6) | (23.6) | (19.3) | (17.1) | (11.6) | (16.1) | (12.5) | (10.8) | (15.0) | (10.8) | (14.7) | (8.9) | (8.5) | (5.9) | (5.9) | (4.7) |
| EPS (Diluted) | -0.83 | -0.74 | -0.90 | -0.98 | -0.67 | -0.67 | -0.66 | -0.60 | -0.59 | -0.61 | -0.53 | -0.47 | -0.49 | -0.74 | -0.54 | -1.08 | -0.24 | -0.98 | -1.02 | -0.84 | -0.76 | -0.89 | -0.79 | -0.65 | -0.58 | -0.39 | -0.55 | -0.48 | -0.42 | -0.58 | -0.44 | -1.39 | -0.36 | -0.47 | -0.33 | -0.33 | -0.26 |
| Balance Sheet | |||||||||||||||||||||||||||||||||||||
| Cash & Equivalents | 430.5 | 323.5 | 286.8 | 152.9 | 137.9 | 177.9 | 76.4 | 93.4 | 92.0 | 101.9 | 67.6 | 108.1 | 151.3 | 103.3 | 133.1 | 305.7 | 100.2 | 212.8 | 176.1 | 206.9 | 159.1 | 160.4 | 56.2 | 115.1 | 95.4 | 36.3 | 32.6 | 113.8 | 67.0 | 115.1 | 104.0 | 115.1 | 22.8 | 56.5 | (28.0) | ||
| Total Assets | 535.3 | 404.3 | 411.7 | 340.0 | 407.6 | 474.9 | 179.1 | 226.9 | 267.3 | 311.0 | 250.7 | 284.9 | 314.7 | 358.2 | 390.3 | 424.1 | 266.0 | 304.4 | 298.4 | 332.1 | 360.6 | 388.3 | 163.4 | 156.4 | 175.7 | 196.4 | 188.5 | 196.9 | 171.0 | 181.3 | 109.0 | 119.0 | 54.2 | 61.6 | 0 | ||
| Total Debt | 205.7 | 108.9 | 110.1 | 61.5 | 63.1 | 65.1 | 66.6 | 74.2 | 60.1 | 61.8 | 63.5 | 65.4 | 67.5 | 69.4 | 80.2 | 81.7 | 83.1 | 84.5 | 53.7 | 55.4 | 55.8 | 57.1 | 32.9 | 4.8 | 5.0 | 5.3 | 5.6 | 5.7 | 6.2 | 0.5 | 0.6 | 0.7 | 0.9 | 1.0 | 0 | ||
| Stockholders' Equity | 276.0 | 245.5 | 245.0 | 233.3 | 312.3 | 368.6 | 79.2 | 133.6 | 182.8 | 225.2 | 167.7 | 202.5 | 228.7 | 260.2 | 293.3 | 329.5 | 171.3 | 172.1 | 187.3 | 216.7 | 240.5 | 260.8 | 63.0 | 82.2 | 98.6 | 112.9 | 121.8 | 129.0 | 97.5 | 106.6 | 102.3 | 111.6 | 47.4 | (53.5) | 28.0 | ||
| Cash Flow | |||||||||||||||||||||||||||||||||||||
| Operating Cash Flow | (82.1) | (75.5) | (68.9) | (76.9) | (78.7) | (49.5) | (52.5) | (49.2) | (49.8) | (37.3) | (32.3) | (32.5) | (43.1) | (28.9) | (26.5) | (34.7) | (42.6) | (32.5) | (36.0) | (31.8) | (26.5) | (19.7) | (23.4) | (19.8) | 2.6 | (16.1) | (15.1) | (16.4) | (15.5) | 55.1 | (9.0) | (11.6) | (9.9) | (6.1) | (5.7) | (5.4) | (4.6) |
| Capital Expenditure | (0.1) | (0.0) | (0.1) | (0.2) | (0.3) | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 | (0.0) | (0.0) | (0.1) | (0.0) | (0.5) | (0.4) | (0.5) | (1.4) | (1.0) | (2.3) | (2.0) | (1.8) | (0.1) | (0.2) | (1.5) | (0.4) | (0.6) | (0.7) | (0.7) | (0.6) | (0.0) | (0.2) | (0.1) | (0.0) | (0.1) | (0.1) |
| Free Cash Flow | (82.2) | (75.5) | (69.0) | (77.2) | (78.9) | (49.5) | (52.5) | (49.2) | (49.8) | (37.3) | (32.3) | (32.6) | (43.1) | (29.0) | (26.5) | (35.2) | (43.0) | (33.0) | (37.4) | (32.8) | (28.9) | (21.7) | (25.2) | (19.9) | 2.4 | (17.5) | (15.5) | (17.0) | (16.2) | 54.4 | (9.6) | (11.6) | (10.1) | (6.2) | (5.8) | (5.4) | (4.7) |