Theravance Biopharma, Inc. logo TBPH - Theravance Biopharma, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 6
HOLD 7
SELL 3
STRONG
SELL
0
| PRICE TARGET: $27.00 DETAILS
HIGH: $40.00
LOW: $14.00
MEDIAN: $27.00
CONSENSUS: $27.00
UPSIDE: 64.94%
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 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
Revenue
Revenue 17.7 45.9 20.0 26.2 15.4 18.8 16.9 14.3 14.5 17.6 15.7 13.7 10.4 14.6 12.5 11.1 13.2 14.9 13.2 12.9 14.3 18.7 18.3 15.0 19.9 29.5 12.4 26.1 5.3 15.7 12.8 23.5 8.3 4.5 4.3 3.5 3.1 5.7 19.1 5.5 18.4 3.9 10.7 7.1 20.4 1.4 6.3 3.0 0.9 0.2 0.0 0.0 0.0 4.5 0
Cost of Revenue 1.4 1.5 8.1 10.5 11.5 0 9.3 10.0 9.0 8.3 1.3 9.4 14.6 15.3 9.9 14.9 23.3 31.2 43.7 51.1 67.6 65.2 0 0 0 0 52.0 46.4 53.8 0.6 0.7 47.2 0.8 3.1 1.0 1.4 0.6 1.1 0.3 0.6 0.8 3.2 0.6 0.5 0.4 3.2 0.4 0.3 0.2 32.5 32.3 30.4 25.4 100.8 0
Gross Profit 16.3 44.4 11.9 15.7 3.9 18.8 7.6 4.3 5.5 9.3 14.4 4.3 (4.2) (0.7) 2.6 (3.9) (10.1) (16.3) (30.5) (38.2) (53.3) (46.4) 18.3 15.0 19.9 29.5 (39.6) (20.2) (48.5) 15.1 12.1 (23.7) 7.5 1.4 3.3 2.1 2.5 4.5 18.7 4.8 17.6 0.7 10.1 6.6 20.0 (1.8) 6.0 2.7 0.8 (32.3) (32.3) (30.4) (25.4) (96.3) 0
Operating Expenses
R&D Expenses 5.8 7.0 8.1 10.5 11.5 9.5 9.3 10.0 9.0 9.0 7.9 11.4 16.3 17.3 11.5 16.5 24.8 33.1 47.0 52.4 69.0 69.4 67.4 62.4 66.0 67.0 52.0 46.4 53.8 52.3 52.7 48.6 47.8 51.1 39.3 42.9 40.6 42.0 32.0 32.1 35.7 32.4 30.4 30.4 36.0 42.2 38.3 46.3 41.7 32.5 32.3 30.4 25.4 28.1 26.1
SG&A Expenses 17.7 19.9 0 0 0 18.5 0 0 0 15.8 15.2 19.3 19.2 16.7 16.3 16.2 17.8 21.5 21.3 25.9 0 30.1 27.5 24.8 26.3 33.0 25.6 22.2 25.2 25.5 21.9 25.0 24.7 29.5 20.9 24.3 20.8 20.4 20.3 20.3 23.6 24.1 22.8 21.5 21.7 21.8 17.7 13.1 19.1 11.8 8.8 8.6 6.8 6.5 6.5
Other Expenses 1.0 0 10.2 7.9 6.9 0 9.2 10.1 7.8 (9.4) 0 (10.2) (14.8) (17.3) (11.0) (13.5) (15.5) (14.8) (45.3) (52.4) (38.5) (69.4) 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 0.2 0 0 0 0 0 0 0
Operating Expenses 24.6 26.8 18.3 18.4 18.4 28.0 18.4 20.0 16.7 15.5 23.1 20.4 20.8 16.7 16.8 19.2 27.2 39.9 23.1 25.9 30.6 30.1 94.9 87.2 92.3 100.1 77.6 68.6 79.0 77.7 74.6 73.6 72.5 80.6 60.3 67.3 61.4 62.4 52.2 52.3 59.3 56.5 53.2 51.9 57.8 64.0 56.0 59.4 60.8 44.3 41.1 39.0 32.2 67.1 32.6
Operating Income
Operating Income (8.3) 17.6 (6.5) (2.7) (14.4) (9.2) (10.8) (15.7) (11.2) (6.2) (8.8) (16.1) (24.9) (17.4) (14.2) (23.1) (37.2) (56.2) (53.6) (64.1) (83.9) (76.5) (76.6) (72.2) (72.5) (70.6) (65.2) (42.5) (73.7) (62.6) (62.5) (48.7) (65.0) (79.2) (57.0) (65.1) (58.8) (57.8) (33.5) (47.5) (41.6) (55.8) (43.1) (45.3) (37.7) (65.8) (50.1) (56.7) (60.0) (44.1) (41.1) (39.0) (32.2) (29.2) (32.6)
Interest Expense 0 0.6 0.6 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 1.5 2.1 2.1 11.7 2.1 11.6 12.1 11.7 11.6 11.4 9.9 8.0 8.1 7.9 7.9 4.1 2.1 2.1 2.1 2.1 2.1 2.1 2.1 0.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 0 0 0 1.5 0.9 0.9 1.4 1.1 1.4 1.8 1.8 2.5 3.0 0 2.8 2.4 0 0.3 0 1.2 0 0.8 1.1 1.1 1.5 1.1 2.1 2.4 2.8 7.8 1.4 1.3 1.5 1.4 1.1 1.4 1.0 0.5 0.3 0.3 0.2 0.1 0.1 0.2 0.2 1.0 0.7 0.2 0 0 0 0 0 0 0
Profitability
EBITDA (6.9) 19.1 (1.9) (2.3) (14.0) (7.6) (8.8) (12.3) (10.8) (6.2) (5.6) (13.7) (22.6) (17.1) (12.9) (19.2) (26.9) (37.5) (50.2) (62.7) (82.3) (75.1) (60.0) (49.2) (70.6) (56.4) (54.0) (30.2) (63.0) (48.5) (57.3) (44.7) (61.9) (76.8) (62.9) (62.7) (56.7) (57.4) (32.4) (47.0) (40.9) (55.1) (42.4) (44.7) (37.2) (65.0) (49.0) (56.0) (59.3) (43.4) (40.5) (38.3) (31.5) (28.4) (31.8)
EBIT (8.3) 17.6 (2.3) (2.7) (14.4) (8.3) (9.3) (12.8) (11.2) (6.6) (7.0) (15.0) (23.3) (17.4) (13.7) (20.1) (27.9) (37.8) (51.8) (64.1) (83.9) (76.5) (62.0) (51.5) (73.0) (57.5) (55.9) (31.7) (64.6) (49.4) (58.0) (45.5) (62.8) (77.8) (63.9) (63.7) (57.8) (56.5) (33.1) (47.2) (41.5) (55.8) (43.1) (45.3) (37.7) (65.8) (50.1) (56.7) (60.0) (44.1) (41.1) (39.0) (32.2) (29.2) (32.6)
Income Before Tax (6.5) 73.1 (2.9) 73.2 (14.1) (8.9) (10.1) (15.2) (10.4) (5.0) (7.6) (14.2) (21.7) (14.3) (15.5) (22.8) (39.7) (57.7) (55.9) (52.2) (79.5) (49.6) (73.5) (62.8) (82.9) (65.6) (64.0) (39.6) (72.5) (53.4) (60.1) (47.6) (64.9) (79.9) (66.0) (65.8) (59.9) (58.8) (33.1) (47.2) (41.5) (55.7) (43.0) (45.1) (37.5) (64.8) (49.4) (56.5) (60.0) (44.1) (41.1) (39.0) (32.2) (29.2) (32.6)
Income Tax Expense (1.5) 12.0 (6.5) 18.4 (0.6) 6.6 2.6 1.3 1.3 3.5 1.4 1.5 0.4 0.0 0.5 0.0 0.5 0.2 0.0 0.2 0.2 8.8 0.1 0.0 0.1 0.0 (5.6) 0.2 0.1 (3.3) (0.7) (6.8) 0.1 7.0 0.9 0.5 5.4 8.6 0.8 0.0 0.7 (10.8) 4.3 2.5 4.9 (0.5) 5.1 1.7 0 0 0 0 0 0 0
Net Income (4.9) 61.0 3.6 54.8 (13.6) (15.5) (12.7) (16.5) (11.7) (8.5) (8.9) (15.6) (22.1) (10.4) 916.6 (8.2) (25.9) (32.0) (35.3) (52.4) (79.7) (58.4) (73.6) (62.9) (83.1) (65.6) (58.4) (39.8) (72.6) (50.2) (59.4) (40.8) (65.1) (86.9) (66.9) (66.3) (65.3) (67.3) (34.0) (47.2) (42.1) (44.8) (47.3) (47.6) (42.5) (64.3) (54.5) (58.2) (60.0) (44.1) (41.1) (39.0) (32.2) (29.2) (32.6)
Per Share Data
EPS (Basic) -0.10 1.20 0.07 1.09 -0.27 -0.31 -0.26 -0.34 -0.24 -0.17 -0.17 -0.28 -0.35 -0.21 12.14 -0.11 -0.34 -0.44 -0.48 -0.80 -1.24 -0.92 -1.16 -1.00 -1.40 -1.17 -1.05 -0.72 -1.32 -0.92 -1.10 -0.76 -1.22 -1.64 -1.27 -1.27 -1.27 -1.36 -0.73 -1.06 -1.10 -1.23 -1.40 -1.42 -1.29 -2.02 -1.72 -1.83 -1.89 -1.39 -1.29 -1.23 -1.00 -0.92 -1.03
EPS (Diluted) -0.10 1.15 0.07 1.08 -0.27 -0.31 -0.26 -0.34 -0.24 -0.17 -0.17 -0.28 -0.35 -0.21 12.14 -0.11 -0.34 -0.43 -0.48 -0.80 -1.24 -0.92 -1.16 -1.00 -1.40 -1.17 -1.05 -0.72 -1.32 -0.92 -1.10 -0.76 -1.22 -1.64 -1.27 -1.27 -1.27 -1.36 -0.73 -1.06 -1.10 -1.17 -1.40 -1.42 -1.29 -2.02 -1.72 -1.83 -1.86 -1.37 -1.27 -1.21 -1.00 -0.91 -1.01
Shares Outstanding 51.3 50.9 50.5 50.2 49.7 49.3 49.0 48.7 48.3 49.4 52.4 56.7 62.9 67.4 75.5 76.3 75.2 73.6 73.6 65.7 64.5 63.7 63.3 62.9 59.5 56.1 55.9 55.5 54.9 54.6 54.2 53.8 53.3 52.9 52.6 52.3 51.6 49.6 46.5 44.4 38.3 36.5 33.7 33.5 32.8 31.8 31.8 31.8 31.7 31.7 31.7 31.8 32.3 31.7 31.7
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
Current Assets
Cash & Cash Equivalents 288.1 167.8 174.8 281.9 110.6 37.8 23.4 46.3 53.8 39.5 71.7 105.6 187.7 298.2 418.5 87.3 94.4 90.0 121.4 204.9 114.0 81.5 93.3 104.7 332.8 58.1 102.4 178.3 223.2 378.0 101.2 103.9 125.8 89.0 91.3 139.6 169.9 344.7 86.6 148.4 128.8
Short-Term Investments 106.6 147.6 154.9 56.9 20.2 50.6 68.0 49.7 46.1 62.9 62.3 61.9 53.6 29.3 68.3 45.6 53.1 83.5 94.8 60.0 96.0 211.5 265.1 333.6 154.2 222.8 217.3 217.8 210.8 127.3 199.2 249.0 292.7 259.6 243.7 222.2 222.8 156.4 143.9 101.3 51.1
Net Receivables 15.6 95.5 18.3 21.9 15.4 68.4 16.8 14.3 14.7 17.5 17.1 15.8 12.3 16.8 14.1 12.5 12.3 57.6 14.0 40.0 11.9 69.7 61.3 46.9 41.7 50.6 9.3 0.1 7.9 10.7 6.9 7.3 4.8 9.4 13.1 6.7 8.9 9.7 23.6 36.9 39.1
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 7.5 0 0 0 17.9 17.9 17.2 16.8 15.3 12.1 13.2 12.2 12.5 9.8 9.4
Other Current Assets 7.4 7.6 6.8 5.6 4.1 4.2 7.7 6.3 7.6 11.6 9.0 7.8 6.3 7.7 8.1 7.1 35.6 8.6 43.8 12.4 42.4 10.4 10.3 13.1 5.5 7.1 7.5 0 24.9 0 7.0 7.6 5.3 3.7 3.5 4.0 3.6 2.4 4.3 3.5 10.2
Total Current Assets 417.6 418.5 354.7 366.3 150.3 161.1 116.5 119.3 124.3 133.5 161.7 192.0 261.3 353.5 511.7 154.7 204.6 249.9 297.2 333.2 293.1 393.3 450.7 498.4 534.2 338.5 355.7 426.0 467.2 532.8 332.6 386.7 446.8 378.7 367.1 384.9 421.5 528.5 274.0 303.1 238.8
Non-Current Assets
Property, Plant & Equipment 28.5 30.3 31.7 33.1 34.5 35.8 37.1 40.0 44.1 45.4 46.9 48.0 51.3 52.0 51.9 53.6 52.6 53.3 56.7 58.1 59.5 59.7 59.8 59.6 60.0 59.2 58.9 60.5 61.8 13.2 12.4 10.7 10.3 10.2 8.6 8.7 8.3 8.5 8.8 8.8 10.1
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 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 0 0 0 0 0
Long-Term Investments 0.8 14.3 3.0 0 0 0 0 0 0 0 0 0 18.8 0 0 149.1 94.1 68.4 45.1 36.7 19.4 0.8 0.8 4.8 5.9 9.5 24.9 0 0 11.9 20.2 18.3 17.0 41.6 99.4 136.4 155.9 91.6 58.8 60.3 42.6
Other Non-Current Assets 25.3 22.5 26.0 26.6 158.9 157.3 202.5 202.8 202.9 203.1 205.0 206.6 207.1 201.9 199.9 3.3 4.0 3.2 4.1 1.3 3.1 15.2 0.8 1.5 5.3 1.6 5.8 5.9 2.3 2.4 5.7 5.7 6.0 10.9 11.0 13.9 2.4 10.7 14.7 2.2 1.7
Total Non-Current Assets 54.7 67.1 60.8 59.7 193.3 193.1 239.6 242.7 247.0 248.5 251.9 254.6 277.2 253.9 251.8 206.0 150.7 124.9 105.9 96.1 82.0 75.7 61.5 65.9 71.2 70.3 89.7 66.4 64.0 27.4 38.4 34.7 33.3 62.7 119.0 159.0 166.5 110.8 82.3 71.4 54.4
Total Assets 472.3 485.6 415.5 426.0 343.6 354.2 356.1 362.0 371.3 382.0 413.6 446.6 538.5 607.4 763.5 360.8 355.4 374.8 403.1 429.3 375.1 469.1 512.2 564.3 605.4 408.8 445.3 492.4 531.3 560.2 371.0 421.4 480.1 441.4 486.2 543.9 588.0 639.3 356.3 374.5 293.1
Current Liabilities
Account Payables 1.1 2.6 2.2 1.7 2.4 2.2 1.5 1.7 1.7 1.5 2.4 1.6 2.7 1.6 5.3 3.1 1.5 3.1 8.9 10.7 6.8 6.8 6.4 10.1 6.6 4.8 8.7 3.5 5.6 9.0 3.7 3.6 5.1 5.9 5.6 6.4 3.6 1.7 5.4 7.4 9.1
Short-Term Debt 10.8 10.9 0 0 0 0 0 0 0 0 0 0 0 0 0 2.6 9.0 17.4 12.5 8.0 11.7 29.2 9.7 8.7 8.0 17.6 8.7 12.3 8.3 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 0.0 0.0 0.0 0.0 0 0.1 0 5.7 0 11.5 18.2 25.1 23.2 31.6 33.8 43.3 42.5 43.4 57.2 54.5 50.2 0.1 0.1 0.1 0.1 0.2 0.2 0.7 1.1
Other Current Liabilities 14.6 19.5 0 0 0 0 6.5 0 0 0 0 0 0 (0.0) 120.5 19.9 0.1 25.2 2.9 28.1 7.7 40.8 39.5 35.9 35.5 29.6 25.0 19.6 15.6 22.3 25.2 23.2 27.9 32.4 30.3 34.8 36.1 33.4 28.0 0 0
Total Current Liabilities 31.8 38.3 37.4 54.6 31.5 32.1 23.4 22.9 21.7 24.8 25.4 24.5 26.2 28.7 142.1 32.6 44.2 58.6 66.1 67.1 86.5 123.6 104.3 106.6 98.0 111.7 108.8 110.1 113.5 98.6 102.0 93.5 105.2 62.6 48.8 57.1 49.0 49.3 45.4 44.7 46.4
Non-Current Liabilities
Long-Term Debt 32.8 32.8 0 0 0 0 0 0 0 0 0 0 0 0 0 624.7 612.5 599.4 603.3 602.6 602.4 599.8 611.2 601.7 600.0 445.2 447.6 443.1 446.5 454.4 224.6 224.3 224.0 223.7 223.5 223.2 222.9 222.7 0 0 0
Deferred Tax Liabilities 87.2 85.7 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 (26.2) 7.0 6.7 5.8 (1.4) 0 0 0 0 0 0 0
Other Non-Current Liabilities 0.2 0.3 111.7 111.0 108.7 107.4 106.2 103.0 100.9 99.0 100.8 99.2 97.9 91.3 89.2 2.4 2.7 2.2 2.9 1.8 2.4 1.8 9.7 9.6 9.6 21.3 8.9 14.5 14.3 32.7 35.4 35.0 41.9 39.9 29.8 22.4 22.2 17.1 13.0 8.2 8.2
Total Non-Current Liabilities 149.9 150.5 145.4 146.6 146.1 146.5 147.0 145.4 144.8 144.2 142.1 141.9 141.8 136.9 140.8 677.9 662.6 654.8 660.6 662.5 661.8 649.2 669.5 660.1 665.3 521.0 519.3 519.5 531.0 513.3 282.4 293.5 311.5 263.7 253.3 245.7 245.1 239.8 13.0 8.2 8.2
Total Liabilities 181.7 188.8 182.8 201.2 177.6 178.6 170.5 168.3 166.4 169.0 167.5 166.5 168.0 165.6 282.9 710.6 706.8 713.4 726.7 729.6 748.3 772.8 773.7 766.7 763.3 632.7 628.1 629.7 644.5 611.8 384.4 387.0 416.7 326.2 302.0 302.8 294.1 289.0 58.4 52.9 54.6
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
Retained Earnings (864.6) (859.6) (920.7) (924.3) (979.1) (965.5) (950.0) (937.3) (920.8) (909.1) (900.6) (891.6) (876.0) (853.9) (843.5) (1,760.2) (1,752.0) (1,726.0) (1,694.0) (1,658.7) (1,606.3) (1,526.6) (1,468.2) (1,394.5) (1,331.7) (1,248.6) (1,183.0) (1,124.6) (1,084.7) (1,012.1) (962.0) (902.5) (861.7) (797.7) (710.8) (643.9) (577.7) (512.2) (444.9) (410.9) (363.7)
Accumulated Other Comprehensive Income (0.1) 0.1 0.0 (0.0) 0 0.0 0.1 (0.0) (0.0) (0.1) (0.2) (0.3) 0.1 (0.0) (0.1) (0.0) (0.0) 0 0.0 0.0 0.0 0.0 0.1 0.3 0.5 0.1 0.1 0.1 (0.0) (0.2) (0.3) (0.5) (0.9) (0.7) (0.3) (0.2) (0.3) (0.3) 0.0 0.2 0.1
Total Stockholders' Equity 290.6 296.7 232.7 224.8 166.0 175.5 185.7 193.7 204.9 213.0 246.1 280.2 370.6 441.8 480.6 (349.8) (351.4) (338.6) (323.6) (300.4) (373.2) (303.8) (261.5) (202.3) (157.9) (223.8) (182.8) (137.2) (113.3) (51.6) (13.4) 34.4 63.4 115.2 184.1 241.1 293.9 350.2 297.9 321.6 238.5
Total Liabilities & Equity 472.3 485.6 415.5 426.0 343.6 354.2 356.1 362.0 371.3 382.0 413.6 446.6 538.5 607.4 763.5 360.8 355.4 374.8 403.1 429.3 375.1 469.1 512.2 564.3 605.4 408.8 445.3 492.4 531.3 560.2 371.0 421.4 480.1 441.4 486.2 543.9 588.0 639.3 356.3 374.5 293.1
Debt Metrics
Total Debt 73.3 75.5 44.6 46.5 48.2 49.8 45.0 46.7 47.9 49.2 50.8 51.7 51.2 52.2 52.1 678.0 672.9 669.5 671.2 668.3 672.3 676.3 668.7 658.1 655.2 510.5 496.2 491.6 495.0 454.4 224.6 224.3 224.0 223.7 223.5 223.2 222.9 222.7 0 0 0
Net Debt (214.8) (92.3) (130.2) (235.5) (62.5) 12.0 21.6 0.3 (5.9) 9.6 (20.9) (53.9) (136.5) (246.0) (366.5) 590.7 578.6 579.6 549.8 463.4 558.3 594.8 575.4 553.3 322.4 452.5 393.8 313.3 271.7 76.3 123.3 120.4 98.2 134.8 132.2 83.6 53.0 (122.0) (86.6) (148.4) (128.8)
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
Operating Activities
Net Income (4.9) 61.0 3.6 54.8 (13.6) (15.5) (12.7) (16.5) (11.7) (8.5) (8.9) (15.6) (22.1) (14.3) (15.5) (22.8) (40.3) (32.0) (75.2) (52.4) (79.7) (58.4) (73.6) (62.9) (83.1) (65.6) (58.4) (39.8) (72.6) (50.2) (59.4) (40.8) (65.1) (86.9) (66.9) (66.3) (65.3) (67.3) (34.0) (47.2) (42.1)
Depreciation & Amortization 1.4 0.4 0.6 0.9 1.1 0.7 0.8 1.0 1.2 1.4 0.9 0.9 1.0 2.0 1.8 1.9 1.3 2.4 2.6 2.4 2.3 1.1 2.0 2.6 2.3 1.1 1.9 1.5 1.7 0.9 0.6 0.8 0.9 1.0 0.9 1.0 1.1 1.2 0.8 0.5 0.7
Stock-Based Compensation 0 4.5 4.6 4.5 4.9 5.8 5.0 5.4 5.2 5.8 6.3 6.3 7.0 7.0 8.5 9.7 14.5 16.9 14.4 14.9 15.8 0 15.6 0 15.3 23.9 13.0 11.3 12.2 11.7 11.7 13.9 14.0 17.8 10.7 10.4 10.3 10.0 9.9 9.9 11.3
Change in Working Capital 75.8 261.7 (16.9) 157.8 51.9 13.9 (0.3) 2.7 4.1 (3.4) (1.3) (5.9) 2.3 59.6 (15.2) 2.0 (4.0) (7.5) (7.7) (13.1) (13.1) (14.3) (16.5) (1.1) (7.4) 1.5 (4.6) (12.7) (16.3) (8.4) (0.7) (32.4) 100.9 23.8 (14.8) 9.5 3.9 27.7 10.8 4.6 3.8
Other Non-Cash Items 3.9 (333.7) 0.6 0.7 0.6 0.8 2.0 3.6 0.6 3.8 0.6 1.9 0.6 (178.3) (1.7) (5.5) 2.3 (22.2) 20.5 (2.0) 4.8 6.7 (4.4) 8.1 17.8 (25.2) 0.1 0.0 0.0 0.0 (0.0) 0.9 (0.9) 0.0 (0.3) 0.2 0.1 0.3 (2.5) 0.1 0.0
Operating Cash Flow 73.3 (6.1) (6.5) 208.1 43.0 (0.9) (5.2) (4.4) (1.0) (0.9) (2.5) (12.4) (11.2) (124.1) (22.1) (14.7) (26.1) (42.4) (45.4) (50.1) (69.9) (64.9) (77.0) (53.3) (55.1) (64.4) (44.6) (48.0) (81.2) (52.2) (49.0) (61.5) 49.8 (44.2) (62.3) (44.5) (50.0) (28.1) (12.4) (32.1) (26.3)
Investing Activities
Capital Expenditure 0 (0.0) 0 (0.0) 0 (0.2) (0.0) (0.0) (0.1) (0.7) (0.0) (0.9) (0.9) (0.3) 0.1 (0.1) (0.2) (0.4) (1.0) (0.2) (1.8) (1.2) (2.0) (2.4) (1.0) (1.3) (0.1) (0.6) (1.2) (1.5) (1.9) (1.1) (2.8) (0.3) (0.8) (0.7) (0.6) (0.4) (0.4) (0.6) (0.7)
Acquisitions 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 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (43.4) (64.9) (124.7) (56.6) (2.0) (40.0) (44.9) (31.2) (26.9) 0 0 (0.0) (134.5) (9.9) (39.5) (35.6) (18.2) (53.5) (64.8) (40.0) (0.0) (64.4) (57.1) (215.7) (64.8) 0 (158.4) (59.9) (148.1) (16.8) (64.5) (47.1) (54.8) (3.0) (53.8) (72.8) (159.2) (69.0) (77.2) (91.4) 0
Sales/Maturities of Investments 96 65.5 24.5 20.4 32.6 55.9 27.5 28.2 44.0 0 0 10.6 92.2 49.3 17.0 43.2 48.5 64.8 30 75.9 115.5 118.0 125.6 41.5 134.1 0 134.8 54.2 77.2 97.7 113.0 90.1 46.3 44.5 69.4 84.7 36.3 23.2 27.8 23.4 17.1
Other Investing Activities 0 0 0 0 0 0 0 0 0 0 0 1.3 0.2 0 1,097.8 0.0 1.8 0 0.0 0 0 0 0.0 0 0 15.4 0.0 5 (70.9) 20 48.5 43.1 0.0 41.5 15.6 11.9 (122.9) (45.8) (49.4) (67.9) 17.1
Investing Cash Flow 52.6 0.6 (100.2) (36.3) 30.6 15.7 (17.4) (3.0) 17.0 (0.7) (0.0) 11.0 (43.0) 39.2 1,075.4 7.5 31.9 10.8 (35.8) 35.8 113.7 52.4 66.5 (176.6) 68.4 14.1 (23.7) (1.3) (72.2) 99.4 46.6 42.0 (11.3) 41.2 14.8 11.2 (123.5) (46.2) (49.8) (68.6) 16.4
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (631.6) 0 0 0 0 (5.0) (5.7) 0 0 (0.3) 133.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased (5.8) (2.0) (0.7) (0.5) (0.9) (0.5) (0.4) (0.5) (1.7) (30.8) (31.4) (81.1) (56.2) (35.8) (94.7) (0.3) (1.4) (0.5) (2.3) (0.7) (5.6) (0.8) (1.0) (1.1) (6.8) (0.4) (0.6) (0.5) (1.7) (1.4) (1.5) (5.2) (1.7) (1.2) (1.2) (2.1) (4.0) (1.0) (0.6) (0.4) (1.8)
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 0.1 0 0.4 0 0.2 (0.0) 0.4 0 0.3 4.3 0.5 0 0.6 0 2.9 0.0 1.2 0.0 2.5 (4.9) (1.1) 0.4 4.9 0.3 231.0 1.2 2.8 0.0 1.9 0.4 5.2 2.8 225.7 1.1 3.3 0
Financing Cash Flow (5.6) (1.5) (0.4) (0.5) (0.9) (0.4) (0.4) (0.0) (1.7) (30.6) (31.4) (80.7) (56.2) (35.5) (722.0) 0.1 (1.4) 0.1 (2.3) 105.3 (11.3) 0.7 (1.0) 1.9 261.4 (1.5) (0.1) 4.4 (1.4) 229.6 (0.3) (2.4) (1.7) 0.6 (0.8) 3.0 (1.2) 332.5 0.5 120.3 26.0
Cash Position
Net Change in Cash 120.3 (7.0) (107.2) 171.3 72.8 14.4 (23.0) (7.5) 14.3 (32.1) (33.9) (82.1) (110.5) (120.4) 331.2 (7.1) 4.4 (31.5) (83.5) 90.9 32.5 (11.8) (11.5) (228.1) 274.7 (51.8) (68.4) (44.9) (154.8) 276.8 (2.7) (22.0) 36.9 (2.3) (48.3) (30.3) (174.8) 258.1 (61.8) 19.6 16.1
Cash at Beginning 167.8 175.6 281.9 111.5 38.6 24.2 47.2 54.7 40.4 72.5 106.4 188.5 299.0 419.4 88.1 95.2 90.8 122.3 205.8 114.8 82.3 93.3 105.6 332.8 58.9 110.7 179.1 224.1 378.9 102.0 104.7 126.7 89.8 91.3 139.6 169.9 344.7 86.6 148.4 128.8 112.7
Cash at End 288.1 168.6 174.8 282.8 111.5 38.6 24.2 47.2 54.7 40.4 72.5 106.4 188.5 299.0 419.4 88.1 95.2 90.8 122.3 205.8 114.8 81.5 94.1 104.7 333.6 58.9 110.7 179.1 224.1 378.9 102.0 104.7 126.7 89.0 91.3 139.6 169.9 344.7 86.6 148.4 128.8
Free Cash Flow 73.3 (6.1) (6.5) 208.0 43.0 (1.1) (5.2) (4.5) (1.1) (1.5) (2.5) (13.3) (12.2) (124.3) (22.1) (14.8) (26.3) (42.9) (46.5) (50.3) (71.6) (66.2) (79.1) (55.7) (56.1) (65.7) (44.7) (48.6) (82.4) (53.7) (50.9) (62.6) 47.1 (44.5) (63.1) (45.3) (50.6) (28.5) (12.8) (32.8) (27.0)
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
Income Statement
Revenue 17.7 45.9 20.0 26.2 15.4 18.8 16.9 14.3 14.5 17.6 15.7 13.7 10.4 14.6 12.5 11.1 13.2 14.9 13.2 12.9 14.3 18.7 18.3 15.0 19.9 29.5 12.4 26.1 5.3 15.7 12.8 23.5 8.3 4.5 4.3 3.5 3.1 5.7 19.1 5.5 18.4 3.9 10.7 7.1 20.4 1.4 6.3 3.0 0.9 0.2 0.0 0.0 0.0 4.5 0
Gross Profit 16.3 44.4 11.9 15.7 3.9 18.8 7.6 4.3 5.5 9.3 14.4 4.3 (4.2) (0.7) 2.6 (3.9) (10.1) (16.3) (30.5) (38.2) (53.3) (46.4) 18.3 15.0 19.9 29.5 (39.6) (20.2) (48.5) 15.1 12.1 (23.7) 7.5 1.4 3.3 2.1 2.5 4.5 18.7 4.8 17.6 0.7 10.1 6.6 20.0 (1.8) 6.0 2.7 0.8 (32.3) (32.3) (30.4) (25.4) (96.3) 0
Operating Income (8.3) 17.6 (6.5) (2.7) (14.4) (9.2) (10.8) (15.7) (11.2) (6.2) (8.8) (16.1) (24.9) (17.4) (14.2) (23.1) (37.2) (56.2) (53.6) (64.1) (83.9) (76.5) (76.6) (72.2) (72.5) (70.6) (65.2) (42.5) (73.7) (62.6) (62.5) (48.7) (65.0) (79.2) (57.0) (65.1) (58.8) (57.8) (33.5) (47.5) (41.6) (55.8) (43.1) (45.3) (37.7) (65.8) (50.1) (56.7) (60.0) (44.1) (41.1) (39.0) (32.2) (29.2) (32.6)
Net Income (4.9) 61.0 3.6 54.8 (13.6) (15.5) (12.7) (16.5) (11.7) (8.5) (8.9) (15.6) (22.1) (10.4) 916.6 (8.2) (25.9) (32.0) (35.3) (52.4) (79.7) (58.4) (73.6) (62.9) (83.1) (65.6) (58.4) (39.8) (72.6) (50.2) (59.4) (40.8) (65.1) (86.9) (66.9) (66.3) (65.3) (67.3) (34.0) (47.2) (42.1) (44.8) (47.3) (47.6) (42.5) (64.3) (54.5) (58.2) (60.0) (44.1) (41.1) (39.0) (32.2) (29.2) (32.6)
EPS (Diluted) -0.10 1.15 0.07 1.08 -0.27 -0.31 -0.26 -0.34 -0.24 -0.17 -0.17 -0.28 -0.35 -0.21 12.14 -0.11 -0.34 -0.43 -0.48 -0.80 -1.24 -0.92 -1.16 -1.00 -1.40 -1.17 -1.05 -0.72 -1.32 -0.92 -1.10 -0.76 -1.22 -1.64 -1.27 -1.27 -1.27 -1.36 -0.73 -1.06 -1.10 -1.17 -1.40 -1.42 -1.29 -2.02 -1.72 -1.83 -1.86 -1.37 -1.27 -1.21 -1.00 -0.91 -1.01
Balance Sheet
Cash & Equivalents 288.1 167.8 174.8 281.9 110.6 37.8 23.4 46.3 53.8 39.5 71.7 105.6 187.7 298.2 418.5 87.3 94.4 90.0 121.4 204.9 114.0 81.5 93.3 104.7 332.8 58.1 102.4 178.3 223.2 378.0 101.2 103.9 125.8 89.0 91.3 139.6 169.9 344.7 86.6 148.4 128.8
Total Assets 472.3 485.6 415.5 426.0 343.6 354.2 356.1 362.0 371.3 382.0 413.6 446.6 538.5 607.4 763.5 360.8 355.4 374.8 403.1 429.3 375.1 469.1 512.2 564.3 605.4 408.8 445.3 492.4 531.3 560.2 371.0 421.4 480.1 441.4 486.2 543.9 588.0 639.3 356.3 374.5 293.1
Total Debt 73.3 75.5 44.6 46.5 48.2 49.8 45.0 46.7 47.9 49.2 50.8 51.7 51.2 52.2 52.1 678.0 672.9 669.5 671.2 668.3 672.3 676.3 668.7 658.1 655.2 510.5 496.2 491.6 495.0 454.4 224.6 224.3 224.0 223.7 223.5 223.2 222.9 222.7 0 0 0
Stockholders' Equity 290.6 296.7 232.7 224.8 166.0 175.5 185.7 193.7 204.9 213.0 246.1 280.2 370.6 441.8 480.6 (349.8) (351.4) (338.6) (323.6) (300.4) (373.2) (303.8) (261.5) (202.3) (157.9) (223.8) (182.8) (137.2) (113.3) (51.6) (13.4) 34.4 63.4 115.2 184.1 241.1 293.9 350.2 297.9 321.6 238.5
Cash Flow
Operating Cash Flow 73.3 (6.1) (6.5) 208.1 43.0 (0.9) (5.2) (4.4) (1.0) (0.9) (2.5) (12.4) (11.2) (124.1) (22.1) (14.7) (26.1) (42.4) (45.4) (50.1) (69.9) (64.9) (77.0) (53.3) (55.1) (64.4) (44.6) (48.0) (81.2) (52.2) (49.0) (61.5) 49.8 (44.2) (62.3) (44.5) (50.0) (28.1) (12.4) (32.1) (26.3)
Capital Expenditure 0 (0.0) 0 (0.0) 0 (0.2) (0.0) (0.0) (0.1) (0.7) (0.0) (0.9) (0.9) (0.3) 0.1 (0.1) (0.2) (0.4) (1.0) (0.2) (1.8) (1.2) (2.0) (2.4) (1.0) (1.3) (0.1) (0.6) (1.2) (1.5) (1.9) (1.1) (2.8) (0.3) (0.8) (0.7) (0.6) (0.4) (0.4) (0.6) (0.7)
Free Cash Flow 73.3 (6.1) (6.5) 208.0 43.0 (1.1) (5.2) (4.5) (1.1) (1.5) (2.5) (13.3) (12.2) (124.3) (22.1) (14.8) (26.3) (42.9) (46.5) (50.3) (71.6) (66.2) (79.1) (55.7) (56.1) (65.7) (44.7) (48.6) (82.4) (53.7) (50.9) (62.6) 47.1 (44.5) (63.1) (45.3) (50.6) (28.5) (12.8) (32.8) (27.0)