Turtle Beach Corporation logo TBCH - Turtle Beach Corporation

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 5
HOLD 1
SELL 0
STRONG
SELL
0
| PRICE TARGET: $17.50 DETAILS
HIGH: $20.00
LOW: $15.00
MEDIAN: $17.50
CONSENSUS: $17.50
UPSIDE: 41.24%
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 Q1 2012 Q4 2012 Q3 2012 Q2 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q2 2010 Q1 2009 Q4 2009 Q3
Revenue
Revenue 42.2 118.8 80.5 56.8 63.9 146.1 94.4 76.5 55.8 99.5 59.2 48.0 51.4 100.9 51.3 41.3 46.7 109.4 85.3 78.6 93.1 132.9 112.5 79.7 35.0 101.8 46.7 41.3 44.8 111.3 74.4 60.8 40.9 79.7 36.0 19.1 14.4 82.2 38.4 29.4 24.0 84.6 35.9 22.6 19.7 92.3 33.3 22.3 38.3 0.1 0.1 0.2 0.2 0.1 0.1 0.0 0.1 0.1 0.0 0 0 0.1 0.2 0.2 0.1 0.2
Cost of Revenue 32.9 71.2 50.4 40.5 40.5 92.1 60.2 53.4 38.1 67.7 41.5 36.1 37.3 80.9 44.0 33.4 32.6 73.9 56.0 49.9 58.2 85.3 66.4 50.5 24.2 66.1 31.7 28.2 30.1 68.4 43.9 40.5 25.9 49.7 23.4 12.8 12.1 52.0 34.5 24.2 20.7 60.0 26.3 19.2 16.6 66.5 25.6 17.5 26.0 0.0 0.0 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0 0 0 0.1 0.1 0.2 0.1 0.2
Gross Profit 9.3 47.6 30.1 16.3 23.4 54.0 34.1 23.1 17.8 31.8 17.7 11.9 14.1 20.0 7.3 7.9 14.0 35.5 29.3 28.7 34.9 47.6 46.1 29.2 10.8 35.7 15.0 13.2 14.8 42.9 30.5 20.3 15.0 29.9 12.5 6.3 2.2 30.2 3.9 5.1 3.4 24.6 9.6 3.4 3.1 25.8 7.7 4.8 12.3 0.0 0.0 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0 0 0.0 0.0 0.0 0.0 (0.0)
Operating Expenses
R&D Expenses 4.6 4.3 4.2 4.5 4.0 4.5 4.3 4.6 3.9 4.5 4.4 4.2 4.1 4.3 4.4 5.1 5.3 4.6 4.5 4.4 4.0 3.6 3.3 3.0 2.4 2.5 2.2 1.7 1.5 1.6 1.4 1.3 1.3 1.2 1.3 1.7 1.4 1.6 2.6 2.0 2.0 2.9 3.0 2.8 2.9 2.5 2.8 2.1 2.0 0.5 0.5 0.6 0.6 0.2 0.4 0.4 0.3 0.2 0.2 0.1 0.1 0.1 0.0 0.0 0.0 0.0
SG&A Expenses 18.6 22.1 20.1 20.3 20.7 25.0 19.9 21.2 14.7 19.0 15.8 23.5 16.5 21.9 16.6 24.1 17.1 24.8 23.3 23.9 18.6 24.1 18.7 16.3 13.4 19.8 15.4 13.7 11.5 15.9 12.6 10.7 9.9 12.8 9.1 9.6 8.6 13.3 11.6 12.4 10.9 15.3 12.5 13.0 12.5 15.4 12.3 12.4 10.6 1.2 0.8 1.4 1.4 0.3 0.9 1.3 0.7 0.3 0.1 0.1 0.1 0.0 0.1 0.1 0.0 0.2
Other Expenses 0 0 0.5 (2.3) (2.8) 1.0 3.5 1.4 4.9 0 0 0 0 1.9 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) 0.3 0.1 32.4 31.2 0.2 49.9 (0.2) 0.2 0.3 0.7 0 (0.5) 4.2 1.0 1.3 0 0 0 0 0 0 0 0 0.0 0.0 (0.0) 0.0 0.0 0.0 0
Operating Expenses 23.1 26.3 24.7 22.4 21.8 30.6 27.7 27.2 23.5 23.4 20.2 27.7 20.6 28.1 21.0 29.3 22.3 29.3 27.8 28.3 22.6 27.6 21.9 19.3 15.8 22.3 17.6 15.5 13.0 17.4 14.0 12.0 11.2 14.0 10.7 11.3 10.3 14.9 46.7 45.6 13.1 68.1 15.3 16.0 15.7 18.6 15.1 14.0 16.8 2.8 2.6 2.0 2.0 0.6 1.3 1.7 1.0 0.6 0.3 0.3 0.3 0.1 0.1 0.1 0.1 0.2
Operating Income
Operating Income (13.8) 21.3 5.4 (6.2) 1.5 23.4 6.4 (4.1) (5.7) 8.4 (2.5) (15.8) (6.5) (8.1) (13.7) (21.4) (8.3) 6.2 1.5 0.4 12.3 20.0 24.2 10.0 (5.0) 13.5 (2.5) (2.3) 1.8 25.5 16.5 8.3 3.8 16.0 1.9 (5.0) (8.1) 15.3 (42.7) (40.5) (9.8) (43.5) (5.8) (12.6) (12.5) 7.2 (7.3) (9.2) (4.5) (2.8) (2.6) (1.9) (2.0) (0.5) (1.3) (1.7) (1.0) (0.5) (0.3) (0.3) (0.3) (0.1) (0.1) (0.1) (0.1) (0.2)
Interest Expense 1.4 2.0 3.7 2.0 2.0 3.0 2.7 2.2 0.1 0.3 0.1 0 0.2 0.6 0.5 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.3 0.2 0.1 0.2 1.0 1.1 1.3 2.0 2.2 2.0 1.8 1.8 2.1 1.9 1.7 1.8 1.9 1.5 0.8 0.8 1.0 0.9 1.1 4.2 0.0 0.0 0.0 0.0 0 0 0 0 0 0.2 0.1 0.1 0.0 0 0 0 0
Interest Income 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 (10.9) 24.4 8.8 2.0 4.4 26.4 9.5 0.6 (4.6) 9.1 (1.8) (14.6) (5.4) (4.4) (12.3) (19.8) (7.5) 8.9 2.3 1.9 12.7 23.5 25.8 12.8 (4.0) 15.5 (1.3) (0.9) 4.6 19.2 17.2 0.6 5.1 17.1 3.0 (3.2) (7.2) 15.3 (40.0) (38.5) (7.6) (41.2) (4.4) (10.5) (11.4) 8.4 (6.1) (7.6) (2.4) (2.7) (2.5) (1.8) (1.9) (0.5) (1.2) (1.7) (0.9) (0.5) (0.3) (0.3) (0.2) (0.1) (0.0) (0.1) (0.0) (0.2)
EBIT (13.8) 21.3 5.7 (1.1) 1.2 23.1 6.2 (2.7) (6.1) 8.0 (3.0) (15.8) (6.6) (5.8) (13.7) (21.4) (9.0) 7.4 0.9 0.5 11.7 22.2 24.3 11.6 (5.2) 14.2 (2.8) (2.2) 3.5 18.2 16.4 (0.8) 4.0 15.9 2.1 (4.8) (8.0) 14.3 (43.1) (41.2) (10.1) (43.9) (6.1) (12.2) (13.2) 6.7 (7.7) (9.1) (4.5) (2.8) (2.6) (1.9) (2.0) (0.5) (1.3) (1.7) (1.0) (0.5) (0.3) (0.3) (0.3) (0.1) (0.1) (0.1) (0.0) (0.2)
Income Before Tax (15.3) 18.8 2.0 (3.2) (0.8) 20.1 3.5 (6.7) (6.2) 8.5 (3.1) (16.0) (6.8) (6.4) (16.4) (22.6) (9.1) 7.3 0.8 0.4 11.6 22.1 24.2 11.5 (5.4) 13.9 (3.1) (2.3) 3.2 17.2 15.3 (2.0) 2.0 13.7 0.1 (6.6) (9.9) 12.2 (44.9) (42.9) (11.9) (45.9) (7.6) (13.0) (14.0) 5.6 (8.5) (10.1) (8.7) (2.8) (2.6) (1.9) (2.0) (0.5) (1.3) (1.7) (1.0) (0.5) (0.5) (0.4) (0.3) 0 0 0 0 0
Income Tax Expense (0.1) 1.2 0.3 (0.2) (0.1) (0.0) 0.0 0.8 (6.4) (0.0) 0.5 (0.1) (0.1) 16.9 (4.4) (4.7) (2.6) 2.8 (1.8) (1.3) 2.8 5.8 6.4 3.3 (1.8) (6.5) 0.1 0.0 0.2 1.0 0.4 0.3 0.1 (0.5) 0.6 0.5 0.0 (0.0) (0.1) (0.3) 0.1 0.7 8.2 (3.1) (3.4) 3.3 (2.9) (0.8) (5.8) 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.1 0.1 0.1 0.2
Net Income (15.2) 17.6 1.7 (2.9) (0.7) 20.1 3.4 (7.5) 0.2 8.6 (3.6) (15.9) (6.7) (23.2) (12.0) (17.8) (6.5) 4.5 2.6 1.7 8.8 16.3 17.8 8.2 (3.6) 20.4 (3.1) (2.4) 3.1 16.2 14.9 (2.3) 2.0 14.2 (0.5) (7.1) (9.9) 12.2 (44.8) (42.6) (12.0) (46.5) (15.9) (9.9) (10.6) 2.4 (5.6) (9.3) (2.9) (2.8) (2.6) (1.9) (2.0) (0.5) (1.3) (1.7) (1.0) (0.5) (0.5) (0.4) (0.3) (0.1) (0.1) (0.1) (0.1) (0.2)
Per Share Data
EPS (Basic) -0.78 0.89 0.09 -0.14 -0.03 1.01 0.17 -0.35 0.01 0.50 -0.21 -0.93 -0.40 -1.40 -0.73 -1.08 -0.40 0.28 0.16 0.11 0.57 1.07 1.20 0.56 -0.25 1.30 -0.22 -0.16 0.21 1.14 1.05 -0.17 0.16 1.15 -0.04 -0.57 -0.81 0.99 -3.64 -3.46 -1.03 -4.38 -1.50 -0.94 -1.01 0.22 -0.54 -0.91 -0.34 -1.57 -1.13 -1.22 -0.88 -0.78 -0.27 -1.08 -0.54 -0.19 -0.15 -0.13 -1.08 -0.10 -0.13 -0.08 -0.27
EPS (Diluted) -0.78 0.87 0.08 -0.14 -0.03 0.95 0.16 -0.35 0.01 0.50 -0.21 -0.93 -0.40 -1.40 -0.73 -1.08 -0.40 0.25 0.14 0.09 0.49 0.93 1.04 0.51 -0.25 1.19 -0.22 -0.16 0.19 1.00 0.91 -0.17 0.16 1.15 -0.04 -0.57 -0.81 0.99 -3.64 -3.46 -1.03 -4.38 -1.50 -0.94 -1.01 0.22 -0.54 -0.91 -0.34 -1.57 -1.13 -1.22 -0.88 -0.78 -0.27 -1.08 -0.54 -0.19 -0.15 -0.13 -1.08 -0.10 -0.13 -0.08 -0.27
Shares Outstanding 19.5 19.8 20.1 20.7 20.5 19.9 20.6 21.3 18.3 17.2 17.3 17.2 16.6 16.6 16.5 16.5 16.2 16.1 16.1 15.9 15.6 15.3 14.8 14.6 14.5 14.5 14.5 14.6 14.3 14.2 14.0 13.4 12.3 12.3 12.3 12.3 12.3 12.3 12.3 12.3 11.7 10.6 10.6 10.5 10.5 10.5 10.5 10.2 8.4 1.8 0 1.7 1.6 1.1 1.6 6.3 1.6 1.0 2.5 2.5 2.5 0.8 0.8 0.8 0.8 0.8
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
Current Assets
Cash & Cash Equivalents 12.3 17.0 12.3 11.7 11.7 13.0 13.8 12.5 17.8 18.7 12.3 15.8 20.6 11.4 10.5 10.9 23.7 37.7 28.1 56.2 63.0 46.7 27.3 21.2 8.7 8.2 7.0 3.4 10.2 7.1 6.2 9.1 4.3 5.2 0.5 1.2 3.6 6.2 3.3 1.2 3.2 0.0
Short-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
Net Receivables 30.4 76.8 56.8 36.4 42.4 93.1 70.7 46.5 42.9 54.4 33.8 20.3 24.0 43.3 30.1 8.6 11.8 36.0 37.0 28.0 32.4 43.9 53.8 37.0 12.4 44.5 28.5 18.4 12.5 52.8 29.0 34.6 21.8 50.5 24.6 10.0 4.5 54.6 28.5 18.1 15.8 0
Inventory 64.3 69.2 95.0 76.8 73.7 71.3 102.3 73.3 69.5 44.0 76.0 67.8 65.2 71.3 118.4 120.7 117.4 101.9 113.3 81.9 59.1 71.3 79.5 45.0 39.3 45.7 67.0 50.4 44.5 49.5 73.3 28.0 15.8 27.5 45.9 20.9 22.3 21.7 45.5 27.9 25.8 0
Other Current Assets 10.7 10.8 14.4 13.1 14.5 11.0 9.7 11.4 10.3 7.7 8.8 8.9 9.1 9.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.0 5.7 4.9 0
Total Current Assets 117.7 173.8 178.4 138.0 142.2 188.4 196.5 143.7 140.6 124.9 131.0 112.8 118.8 135.2 171.5 153.7 168.7 193.1 194.9 185.6 169.2 170.0 169.0 113.4 65.6 102.5 108.0 77.7 71.9 113.8 113.7 76.9 45.4 86.8 75.9 36.9 34.4 86.6 83.5 53.1 50.0 0.0
Non-Current Assets
Property, Plant & Equipment 2.5 3.0 3.8 4.8 4.9 5.8 5.8 6.3 5.5 4.8 4.8 5.7 6.1 6.4 5.4 6.1 6.3 7.0 7.3 6.9 7.1 6.6 5.0 4.4 4.0 4.0 4.9 5.7 5.2 5.9 4.0 2.8 4.0 4.7 4.4 3.3 3.9 4.3 4.6 5.5 6.4 0
Goodwill 50.4 50.4 50.4 50.4 50.4 52.9 56.7 56.8 52.9 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 8.2 8.2 8.2 8.5 8.5 9.1 5.9 0 0 0 0 0 0 0 0 0 0 0 0 31.2 0
Intangible Assets 32.3 34.3 36.4 38.4 40.4 42.4 44.5 46.7 48.7 1.7 2.0 2.2 2.5 2.6 4.8 5.1 5.5 5.8 6.1 6.4 6.8 5.1 5.3 5.5 5.7 6.0 4.8 8.3 1.0 1.0 1.1 1.2 1.4 1.4 1.5 1.5 1.6 1.6 1.8 35.2 36.8 0.5
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
Other Non-Current Assets 7.0 7.5 9.2 8.6 9.1 9.3 9.7 11.0 10.7 7.9 7.9 8.1 8.4 8.5 7.8 8.3 8.7 8.1 8.6 6.1 6.4 6.6 6.2 2.4 2.6 2.9 3.7 4.2 3.8 1.2 0.7 1.1 1.1 1.0 1.1 1.3 1.4 1.7 1.4 1.5 1.7 0
Total Non-Current Assets 92.2 95.2 99.9 102.1 104.8 110.5 116.7 120.7 117.8 25.1 25.3 26.7 27.7 28.2 45.8 43.2 39.3 37.4 41.3 37.2 38.2 33.5 32.5 27.1 30.1 28.8 22.6 24.1 10.0 8.1 5.8 5.3 6.9 7.5 7.2 6.8 7.5 8.2 8.3 42.8 76.1 0.5
Total Assets 209.9 269.1 278.2 240.2 247.0 298.9 313.2 264.4 258.4 150.0 156.3 139.5 146.5 163.4 217.3 197.0 208.1 230.5 236.3 222.8 207.4 203.5 201.5 140.5 95.7 131.4 130.6 101.8 81.9 121.9 119.5 82.2 52.3 94.3 83.1 43.6 41.9 94.8 91.8 95.9 126.1 0.5
Current Liabilities
Account Payables 20.8 24.9 46.9 34.5 39.5 34.8 66.4 48.4 44.8 26.9 39.2 34.0 21.9 19.8 29.7 31.0 32.9 40.5 55.5 47.9 27.8 42.5 63.7 41.7 11.5 22.5 37.5 22.1 13.1 17.7 49.0 30.0 9.8 13.5 30.0 12.1 8.4 11.9 38.2 19.0 12.5 0
Short-Term Debt 8.6 38.0 42.1 21.6 7.8 50.7 58.6 24.0 0 0 13.3 0 0 19.1 44.6 15.7 0 0 0 0 0 0 0 0 0.3 15.7 26.6 10.8 0 37.4 4.3 0.4 2.6 42.6 29.6 9.8 3.9 38.6 31.1 12.0 5.3 0.3
Deferred 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 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 14.6 24.8 0 14.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.9 1.9 1.9 0 0 0 0 0 1.6 1.7 0 0 0 0 0 0 0 0 0 0 10.4 8.8 10.1 0
Total Current Liabilities 47.8 87.7 111.6 75.3 72.4 123.7 155.7 103.2 76.8 56.3 74.5 55.8 51.9 64.3 97.5 66.2 60.3 78.2 91.5 80.7 71.8 78.7 98.1 68.0 32.6 64.6 84.5 52.6 29.7 73.6 67.9 44.4 21.1 67.5 71.7 32.3 23.6 66.9 79.7 39.8 28.0 0.3
Non-Current Liabilities
Long-Term Debt 44.3 46.3 48.4 40.1 45.5 45.6 45.7 45.8 46.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25.9 30.5 30.1 27.6 27.3 27.6 27.9 28.3 25.8 26.3 27.0 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 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0 0 0 0 0 0 0 0 0 0 0.0 0
Other Non-Current Liabilities 6.0 6.5 7.6 8.0 8.2 9.0 10.0 10.1 10.4 8.6 9.4 9.6 9.8 10.1 10.5 11.1 11.4 11.0 11.1 8.3 8.5 8.3 7.5 1.9 3.0 3.2 4.3 4.7 4.7 10.6 2.3 2.3 21.6 21.2 20.8 20.4 20.6 20.3 19.9 19.6 19.4 0
Total Non-Current Liabilities 50.3 52.9 56.0 48.1 53.7 54.6 55.7 55.9 56.4 8.6 9.4 9.6 9.8 10.1 10.5 11.1 11.4 11.0 11.1 8.3 8.5 8.4 7.7 3.0 3.2 3.4 4.5 4.8 4.9 10.8 28.2 32.8 51.7 48.9 48.1 48.0 48.5 48.6 45.8 45.9 46.4 0
Total Liabilities 98.1 140.6 167.6 123.3 126.2 178.3 211.4 159.1 133.2 64.9 83.9 65.5 61.7 74.4 108.0 77.3 71.7 89.1 102.7 89.1 80.3 87.1 105.8 71.0 35.8 68.0 89.0 57.4 34.5 84.4 96.1 77.2 72.7 116.4 119.8 80.3 72.1 115.5 125.4 85.7 74.4 0.3
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
Retained Earnings (117.6) (102.4) (120.0) (121.7) (118.8) (118.1) (138.2) (141.6) (134.1) (134.3) (142.8) (139.2) (123.3) (116.6) (93.4) (81.4) (63.5) (57.1) (61.6) (64.2) (65.9) (74.8) (91.1) (108.9) (117.1) (113.5) (133.9) (130.8) (128.4) (131.5) (147.7) (162.4) (168.7) (170.0) (184.3) (183.8) (176.7) (166.8) (179.0) (134.2) (91.6) (0.3)
Accumulated Other Comprehensive Income 1.0 1.7 1.4 2.2 (0.5) (1.3) 0.7 (1.0) (1.3) (0.8) (1) (1.0) (0.9) (1.4) (2.0) (1.4) (0.3) 0.1 0.2 0.7 (0.1) 0.6 (0.3) (0.8) (0.7) 0.1 (0.8) (0.5) (0.3) (0.5) (0.4) (0.3) (0.0) (0.2) (0.3) (0.4) (0.5) (0.6) (0.5) (0.5) (0.5) 0
Total Stockholders' Equity 111.9 128.5 110.7 116.8 120.9 120.6 101.8 105.3 125.2 85.1 72.4 74.1 84.8 88.9 109.3 119.7 136.4 141.4 133.6 133.7 127.1 116.4 95.7 69.5 60.0 63.4 41.6 44.4 47.4 37.5 23.4 5.0 (20.4) (22.2) (36.7) (36.7) (30.2) (20.7) (33.6) 10.2 51.7 0.2
Total Liabilities & Equity 209.9 269.1 278.2 240.2 247.0 298.9 313.2 264.4 258.4 150.0 156.3 139.5 146.5 163.4 217.3 197.0 208.1 230.5 236.3 222.8 207.4 203.5 201.5 140.5 95.7 131.4 130.6 101.8 81.9 121.9 119.5 82.2 52.3 94.3 83.1 43.6 41.9 94.8 91.8 95.9 126.1 0.5
Debt Metrics
Total Debt 52.8 84.3 90.5 61.7 53.4 96.3 104.3 69.8 46.0 0 13.3 0 0 19.1 44.6 15.7 0 0 0 0 0 0 0 0.9 0.3 15.7 26.6 10.8 0 37.4 30.1 30.9 32.7 70.3 56.9 37.4 31.8 66.9 57.0 38.3 32.4 0.3
Net Debt 40.5 67.3 78.2 50.0 41.7 83.3 90.5 57.3 28.1 (18.7) 0.9 (15.8) (20.6) 7.7 34.1 4.8 (23.7) (37.7) (28.1) (56.2) (63.0) (46.7) (27.3) (20.3) (8.4) 7.4 19.5 7.4 (10.2) 30.3 24.0 21.8 28.4 65.0 56.4 36.2 28.2 60.7 53.7 37.1 29.2 0.3
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
Operating Activities
Net Income (15.2) 17.6 1.7 (2.9) (0.7) 20.1 3.4 (7.5) 0.2 8.6 (3.6) (15.9) (6.7)
Depreciation & Amortization 2.9 3.1 3.1 3.1 3.1 3.3 3.3 3.3 1.5 1.2 1.2 1.3 1.3
Stock-Based Compensation 0 0 1.4 0 1.9 2.7 1.5 0.8 1.1 3.4 1.6 5.0 2.0
Change in Working Capital 36.7 (7.5) (23.2) (7.1) 33.9 (12.4) (40.0) (11.7) 32.8 2.1 (16.8) 1.5 32.4
Other Non-Cash Items 5.1 0.4 1.9 3.1 2.6 0.7 9.1 2.0 (1.5) 3.7 1.3 3.4 0.1
Operating Cash Flow 29.4 13.3 (15.2) (3.1) 40.5 14.3 (23.2) (12.6) 27.3 19.1 (16.3) (4.8) 29.0
Investing Activities
Capital Expenditure (0.3) (0.2) (0.7) (0.3) (0.2) (1.5) (1.4) (1.2) (0.7) (0.2) (0.7) (0.4) (0.9)
Acquisitions 0 (5.0) 0 0 2.5 0 0 (1.8) (75.5) 0 0 0 0
Purchases of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
Sales/Maturities of Investments 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Investing Activities 0 5.0 0 0 0 0 0 0 0 0 0 0 0
Investing Cash Flow (0.3) (0.2) (0.7) (0.3) 2.3 (1.5) (1.4) (3.0) (76.2) (0.2) (0.7) (0.4) (0.9)
Financing Activities
Net Debt Issuance (31.5) (6.2) 28.1 8.0 (43.1) (9.5) 34.3 23.7 49.9 (13.3) 13.3 0 0
Stock Repurchased (2.2) (1.9) (10.3) (5.0) (1.8) (2.4) (10.1) (15.2) 0 0 0 (1.0) 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 (0.5) 0 0.0 0.4 0.3 1.7 (3.2) 0.5 0 1.2 (19.0)
Financing Cash Flow (33.7) (8.1) 17.3 3.1 (44.9) (11.6) 24.5 10.2 48.0 (12.7) 13.6 0.3 (19.0)
Cash Position
Net Change in Cash (4.6) 4.7 0.6 0.0 (1.3) (0.8) 1.3 (5.4) (0.9) 6.4 (3.4) (4.8) 9.2
Cash at Beginning 17.0 12.3 11.7 11.7 13.0 13.8 12.5 17.8 18.7 12.3 15.8 20.6 11.4
Cash at End 12.3 17.0 12.3 11.7 11.7 13.0 13.8 12.5 17.8 18.7 12.3 15.8 20.6
Free Cash Flow 29.1 13.1 (15.9) (3.5) 40.3 12.8 (24.6) (13.9) 26.5 18.9 (16.9) (5.1) 28.1
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 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 Q1 2012 Q4 2012 Q3 2012 Q2 2011 Q4 2011 Q3 2011 Q2 2011 Q1 2010 Q4 2010 Q2 2010 Q1 2009 Q4 2009 Q3
Income Statement
Revenue 42.2 118.8 80.5 56.8 63.9 146.1 94.4 76.5 55.8 99.5 59.2 48.0 51.4 100.9 51.3 41.3 46.7 109.4 85.3 78.6 93.1 132.9 112.5 79.7 35.0 101.8 46.7 41.3 44.8 111.3 74.4 60.8 40.9 79.7 36.0 19.1 14.4 82.2 38.4 29.4 24.0 84.6 35.9 22.6 19.7 92.3 33.3 22.3 38.3 0.1 0.1 0.2 0.2 0.1 0.1 0.0 0.1 0.1 0.0 0 0 0.1 0.2 0.2 0.1 0.2
Gross Profit 9.3 47.6 30.1 16.3 23.4 54.0 34.1 23.1 17.8 31.8 17.7 11.9 14.1 20.0 7.3 7.9 14.0 35.5 29.3 28.7 34.9 47.6 46.1 29.2 10.8 35.7 15.0 13.2 14.8 42.9 30.5 20.3 15.0 29.9 12.5 6.3 2.2 30.2 3.9 5.1 3.4 24.6 9.6 3.4 3.1 25.8 7.7 4.8 12.3 0.0 0.0 0.1 0.1 0.0 0.1 0.0 0.0 0.0 0.0 0 0 0.0 0.0 0.0 0.0 (0.0)
Operating Income (13.8) 21.3 5.4 (6.2) 1.5 23.4 6.4 (4.1) (5.7) 8.4 (2.5) (15.8) (6.5) (8.1) (13.7) (21.4) (8.3) 6.2 1.5 0.4 12.3 20.0 24.2 10.0 (5.0) 13.5 (2.5) (2.3) 1.8 25.5 16.5 8.3 3.8 16.0 1.9 (5.0) (8.1) 15.3 (42.7) (40.5) (9.8) (43.5) (5.8) (12.6) (12.5) 7.2 (7.3) (9.2) (4.5) (2.8) (2.6) (1.9) (2.0) (0.5) (1.3) (1.7) (1.0) (0.5) (0.3) (0.3) (0.3) (0.1) (0.1) (0.1) (0.1) (0.2)
Net Income (15.2) 17.6 1.7 (2.9) (0.7) 20.1 3.4 (7.5) 0.2 8.6 (3.6) (15.9) (6.7) (23.2) (12.0) (17.8) (6.5) 4.5 2.6 1.7 8.8 16.3 17.8 8.2 (3.6) 20.4 (3.1) (2.4) 3.1 16.2 14.9 (2.3) 2.0 14.2 (0.5) (7.1) (9.9) 12.2 (44.8) (42.6) (12.0) (46.5) (15.9) (9.9) (10.6) 2.4 (5.6) (9.3) (2.9) (2.8) (2.6) (1.9) (2.0) (0.5) (1.3) (1.7) (1.0) (0.5) (0.5) (0.4) (0.3) (0.1) (0.1) (0.1) (0.1) (0.2)
EPS (Diluted) -0.78 0.87 0.08 -0.14 -0.03 0.95 0.16 -0.35 0.01 0.50 -0.21 -0.93 -0.40 -1.40 -0.73 -1.08 -0.40 0.25 0.14 0.09 0.49 0.93 1.04 0.51 -0.25 1.19 -0.22 -0.16 0.19 1.00 0.91 -0.17 0.16 1.15 -0.04 -0.57 -0.81 0.99 -3.64 -3.46 -1.03 -4.38 -1.50 -0.94 -1.01 0.22 -0.54 -0.91 -0.34 -1.57 -1.13 -1.22 -0.88 -0.78 -0.27 -1.08 -0.54 -0.19 -0.15 -0.13 -1.08 -0.10 -0.13 -0.08 -0.27
Balance Sheet
Cash & Equivalents 12.3 17.0 12.3 11.7 11.7 13.0 13.8 12.5 17.8 18.7 12.3 15.8 20.6 11.4 10.5 10.9 23.7 37.7 28.1 56.2 63.0 46.7 27.3 21.2 8.7 8.2 7.0 3.4 10.2 7.1 6.2 9.1 4.3 5.2 0.5 1.2 3.6 6.2 3.3 1.2 3.2 0.0
Total Assets 209.9 269.1 278.2 240.2 247.0 298.9 313.2 264.4 258.4 150.0 156.3 139.5 146.5 163.4 217.3 197.0 208.1 230.5 236.3 222.8 207.4 203.5 201.5 140.5 95.7 131.4 130.6 101.8 81.9 121.9 119.5 82.2 52.3 94.3 83.1 43.6 41.9 94.8 91.8 95.9 126.1 0.5
Total Debt 52.8 84.3 90.5 61.7 53.4 96.3 104.3 69.8 46.0 0 13.3 0 0 19.1 44.6 15.7 0 0 0 0 0 0 0 0.9 0.3 15.7 26.6 10.8 0 37.4 30.1 30.9 32.7 70.3 56.9 37.4 31.8 66.9 57.0 38.3 32.4 0.3
Stockholders' Equity 111.9 128.5 110.7 116.8 120.9 120.6 101.8 105.3 125.2 85.1 72.4 74.1 84.8 88.9 109.3 119.7 136.4 141.4 133.6 133.7 127.1 116.4 95.7 69.5 60.0 63.4 41.6 44.4 47.4 37.5 23.4 5.0 (20.4) (22.2) (36.7) (36.7) (30.2) (20.7) (33.6) 10.2 51.7 0.2
Cash Flow
Operating Cash Flow 29.4 13.3 (15.2) (3.1) 40.5 14.3 (23.2) (12.6) 27.3 19.1 (16.3) (4.8) 29.0
Capital Expenditure (0.3) (0.2) (0.7) (0.3) (0.2) (1.5) (1.4) (1.2) (0.7) (0.2) (0.7) (0.4) (0.9)
Free Cash Flow 29.1 13.1 (15.9) (3.5) 40.3 12.8 (24.6) (13.9) 26.5 18.9 (16.9) (5.1) 28.1