Teladoc Health, Inc. logo TDOC - Teladoc Health, Inc.

Price: -- -- | CONSENSUS: Hold DETAILS
STRONG
BUY
0
BUY 14
HOLD 28
SELL 0
STRONG
SELL
0
| PRICE TARGET: $7.58 DETAILS
HIGH: $11.00
LOW: $6.00
MEDIAN: $7.00
CONSENSUS: $7.58
UPSIDE: 15.37%
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
Revenue
Revenue 613.8 642.3 626.4 631.9 629.4 640.5 640.5 642.4 646.1 660.5 660.2 652.4 629.2 637.7 611.4 592.4 565.4 554.2 521.7 503.1 453.7 383.3 288.8 241.0 180.8 156.5 138.0 130.3 128.6 122.7 111.0 94.6 89.6 77.1 68.7 44.6 42.9 37.4 32.4 26.5 26.9 22.6 20.0 18.3 16.5 12.9 10.9 10.3 9.4
Cost of Revenue 289.8 197.0 187.2 190.5 196.8 188.9 179.7 188.1 194.5 193.4 186.0 190.5 190.1 188.9 185.6 182.5 187.0 175.0 169.0 160.3 146.0 122.9 104.7 90.8 72.4 55.4 42.8 41.6 44.7 40.0 34.2 27.7 26.9 22.7 16.7 10.0 12.1 10.0 7.1 6.9 7.9 6.5 4.5 4.8 5.3 3.8 2.2 2.0 2.0
Gross Profit 324.0 445.2 439.3 441.4 432.5 451.6 460.8 454.4 451.6 467.1 474.3 461.9 439.1 448.8 425.8 409.9 378.3 379.2 352.6 342.9 307.7 260.4 184.1 150.2 108.4 101.1 95.2 88.6 83.9 82.7 76.8 66.9 62.8 54.4 51.9 34.6 30.8 27.4 25.3 19.6 18.9 16.2 15.5 13.5 11.2 9.2 8.8 8.3 7.4
Operating Expenses
R&D Expenses 67.9 71.6 67.6 113.1 70.0 20.7 108.2 107.5 81.4 30.9 106.9 87.3 87.0 82.9 84.6 78.7 87.4 72.9 80.2 80.8 78.0 92.7 30.0 23.0 19.3 16.2 15.7 16.7 16.0 13.5 13.6 14.3 12.9 10.4 10.0 7.5 6.5 5.9 5.9 4.8 5.2 4.2 3.9 3.2 2.9 2.4 2.0 2.1 1.2
SG&A Expenses 304.9 208.1 221.9 325.6 329.7 327.4 339.2 330.3 349.4 309.6 354.2 358.1 345.4 322.6 345.6 335.5 296.9 290.9 276.7 278.3 259.4 531.7 135.5 122.9 96.8 88.1 87.8 83.0 80.2 76.0 69.1 60.9 58.6 58.0 47.8 35.8 35.4 31.4 30.0 26.1 26.1 22.9 21.9 24.7 20.0 12.1 10.0 8.3 8.0
Other Expenses 0 201.5 201.8 57.1 153.5 151.6 57.8 857.8 107.9 161.7 77.9 88.1 83.8 3,858.9 67.3 3,092.3 6,663.4 56.9 56.2 62.8 55.0 94.5 38.3 11.5 13.4 12.4 11.6 11.0 10.6 11.0 9.9 9.8 10.4 10.6 15.7 5.8 3.6 3.3 9.6 3.1 2.4 3.5 2.2 1.9 0.9 0.9 0.7 0.8 0.4
Operating Expenses 372.8 481.2 491.2 495.7 553.2 499.8 505.2 1,295.5 538.7 502.2 539.0 533.5 516.2 4,264.4 497.5 3,506.5 7,047.7 420.7 413.2 421.8 392.4 718.9 203.8 157.4 129.4 116.7 115.1 110.7 106.8 100.5 92.6 85.0 81.9 79.0 73.4 49.1 45.6 40.6 45.5 34.1 33.7 30.5 28.1 29.7 23.8 15.4 12.6 11.1 9.6
Operating Income
Operating Income (48.7) (36.0) (52.0) (54.4) (120.6) (48.2) (44.4) (841.1) (87.1) (35.1) (64.7) (71.6) (77.1) (3,815.6) (71.7) (3,096.6) (6,669.4) (41.4) (60.6) (78.9) (84.7) (458.5) (19.7) (7.2) (21.0) (15.6) (19.9) (22.0) (22.9) (17.8) (15.8) (18.1) (19.1) (24.6) (21.5) (14.5) (14.8) (13.2) (20.3) (14.5) (14.7) (14.3) (12.6) (16.3) (12.6) (6.2) (3.9) (2.9) (2.2)
Interest Expense 5.4 5.0 4.5 4.5 5.8 6.8 5.7 5.6 5.6 5.5 5.6 5.8 5.3 0 6.1 5.6 5.5 18.9 18.9 20.5 22.1 20.8 17.2 13.3 9.3 7.6 7.7 7.2 6.5 6.7 7.7 6.9 4.9 7.8 8.2 0.8 0.7 0.9 0.9 0.4 0.4 0.5 0.5 0.6 0.6 0.6 0.5 0.3 0.1
Interest Income 6.5 38.5 52.6 10.1 12.7 14.2 15.3 13.6 13.9 13.7 12.6 11.6 8.9 1.9 4.8 1.2 0 0 0 0 0 0 0.3 0 0.7 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 45.5 51.1 (35.2) 2.7 (9.0) 11.8 13.4 16.6 (10.1) 43.6 13.2 (3.3) (9.9) 21.1 (13.2) (10.6) (11.9) 1.3 (3.5) (15.3) (28.9) (363.1) 19.5 4.3 (7.6) (8.0) (6.5) (10.0) (10.3) (6.8) (5.9) (8.4) (8.7) (14.0) (5.8) (8.7) (11.2) (9.9) (10.6) (11.4) (12.4) (10.9) (10.3) (14.4) (11.7) (5.3) (3.2) (2.1) (1.8)
EBIT (48.7) (28.7) (45.7) (46.0) (54.9) (42.2) (40.4) (49.2) (77.1) (29.9) (58.5) (59.0) (63.1) (32.4) (66.5) (63.7) (64.9) (36.9) (56.2) (67.5) (78.4) (401.0) 5.7 (5.6) (17.3) (13.1) (17.9) (20.9) (21.9) (16.4) (15.6) (16.4) (17.0) (21.4) (12.2) (11.4) (13.8) (12.5) (13.2) (12.9) (13.9) (12.4) (11.8) (15.3) (12.6) (6.0) (3.9) (2.7) (2.2)
Income Before Tax (60.8) (33.6) (50.2) (40.4) (111.3) (48.2) (32.5) (833.8) (79.2) (25.4) (59.6) (66.1) (68.5) (3,811.9) (74.6) (3,102.6) (6,674.1) (60.7) (80.7) (130.6) (112.6) (479.4) (38.2) (28.1) (30.3) (23.2) (27.6) (29.2) (29.4) (24.5) (23.4) (25.1) (24.0) (45.0) (31.2) (15.3) (15.5) (14.1) (29.6) (14.9) (15.1) (14.8) (13.1) (16.9) (13.2) (6.8) (4.4) (3.2) (2.2)
Income Tax Expense 3.0 (8.5) (0.7) (7.8) (18.3) 0.2 0.8 3.9 2.7 3.5 (2.5) (1.0) 0.7 (1.8) (1.2) (1.2) 0.4 (49.7) 3.6 3.2 87.0 (85.5) (2.3) (2.4) (0.7) (4.1) (7.3) 0.1 0.7 0.4 (0.2) 0.0 (0.1) (0.7) 0.1 0.1 0.1 0.1 0.2 0.0 0.2 0.2 0.2 0.2 (0.5) 0.2 0.2 (0.0) 0.1
Net Income (63.8) (25.1) (49.5) (32.7) (93.0) (48.4) (33.3) (837.7) (81.9) (28.9) (57.1) (65.2) (69.2) (3,810.1) (73.5) (3,101.5) (6,674.5) (11.0) (84.3) (133.8) (199.6) (394.0) (35.9) (25.7) (29.6) (19.0) (20.3) (29.3) (30.1) (24.9) (23.3) (25.1) (23.9) (44.4) (31.3) (15.4) (15.7) (14.3) (29.8) (14.9) (15.3) (15.0) (13.2) (17.1) (12.7) (7.0) (4.5) (3.2) (2.3)
Per Share Data
EPS (Basic) -0.36 -0.14 -0.28 -0.19 -0.53 -0.28 -0.20 -4.92 -0.49 -0.17 -0.35 -0.40 -0.42 -23.49 -0.45 -19.22 -41.58 -0.07 -0.53 -0.86 -1.31 -3.07 -0.43 -0.34 -0.40 -0.26 -0.28 -0.41 -0.43 -0.35 -0.34 -0.40 -0.39 -0.76 -0.55 -0.28 -0.30 -0.27 -0.65 -0.38 -0.40 -0.39 -0.37 -0.46 -0.35 -0.25 -0.16 -0.12 -0.08
EPS (Diluted) -0.36 -0.14 -0.28 -0.19 -0.53 -0.28 -0.19 -4.92 -0.49 -0.17 -0.35 -0.40 -0.42 -23.49 -0.45 -19.22 -41.58 -0.07 -0.53 -0.86 -1.31 -3.07 -0.43 -0.34 -0.40 -0.26 -0.28 -0.41 -0.43 -0.35 -0.34 -0.40 -0.39 -0.76 -0.55 -0.28 -0.30 -0.27 -0.65 -0.38 -0.40 -0.39 -0.37 -0.46 -0.35 -0.25 -0.16 -0.12 -0.08
Shares Outstanding 179.1 176.2 175.7 175.9 174.2 172.8 170.2 170.2 167.7 166.1 165.1 164.2 162.9 162.2 161.7 161.4 160.5 159.9 159.4 156.1 152.2 128.3 83.6 76.5 73.3 72.6 72.2 71.7 70.9 70.2 68.2 63.0 61.8 58.4 56.5 54.6 52.2 52.2 45.9 38.7 38.6 38.5 36.1 37.0 35.8 27.6 27.6 27.6 27.6
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 750.7 781.1 726.2 679.6 1,193.3 1,298.3 1,243.9 1,162.4 1,097.9 1,123.7 1,030.5 958.7 888.6 918.2 899.6 881.2 836.4 893.5 823.8 783.7 720.1 733.3 1,187.3 1,308.8 508.0 514.4 475.2 440.4 434.0 424.0 457.6 105.8 65.2 42.8 83.1 409.2 139.9 50.0 44.0 55.8 50.2
Short-Term Investments 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.5 2.5 2.5 2.5 2.5 2.5 53.2 3.1 2.9 2.8 2.7 15.6 32.2 45.7 54.5 15.0 26.6 54.6 79.5 89.8 31.1 36.0 15.8 30.9 56.7 69.5
Net Receivables 213.6 201.7 219.5 234.0 243.2 224.0 223.5 230.0 227.9 230.1 218.7 227.4 241.1 235.6 226.2 227.3 214.3 190.1 178.1 179.4 178.3 169.3 85.8 76.9 70.7 56.9 53.7 49.8 50.6 43.6 40.0 38.1 30.7 27.1 27.0 14.2 15.3 13.8 12.9 13.2 13.8
Inventory 31.6 38.2 39.9 38.2 38.0 38.1 37.0 0 0 29.5 35.9 34.1 45.8 56.3 59.3 60.3 70.7 73.1 56.9 57.0 58.3 56.5 11.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 136.4 2.1 36.0 35.9 36.8 36.0 35.8 41.2 42.7 40.1 39.7 38.7 33.7 12.1 43.3 37.0 32.7 28.0 20.2 16.7 0 0 0 14.4 14.9 0 13.4 10.2 10.5 0 10.8 8.4 6.5 6.8 7.5 2.5 3.6 0 3.4 0 0
Total Current Assets 1,132.3 1,087.3 1,092.8 1,073.3 1,601.8 1,663.9 1,608.6 1,511.3 1,452.1 1,489.0 1,387.1 1,321.0 1,286.7 1,285.4 1,287.6 1,257.3 1,208.0 1,225.4 1,157.3 1,104.8 1,032.3 1,059.6 1,310.0 1,403.1 596.4 588.0 558.0 532.6 540.8 532.7 523.3 178.9 156.9 156.2 207.4 457.0 194.8 82.7 91.2 127.3 136.2
Non-Current Assets
Property, Plant & Equipment 50.5 53.1 59.3 53.2 57.2 56.6 62.1 64.9 67.1 72.1 64.9 65.2 69.3 71.5 72.5 77.2 74.0 74.0 75.0 70.1 72.8 75.2 54.3 40.0 42.3 36.7 37.6 38.9 36.7 10.1 9.7 10.0 8.0 9.0 9.6 7.4 7.4 7.5 7.1 6.1 6.1
Goodwill 283.2 283.2 283.2 283.2 283.2 283.2 283.2 283.2 1,073.2 1,073.2 1,073.2 1,073.2 1,073.2 1,073.2 4,846.0 4,858.2 7,899.8 14,504.2 14,470.4 14,454.7 14,452.0 14,581.3 1,691.4 742.3 734.4 746.1 737.6 748.1 734.5 737.2 744.1 745.3 498.3 498.5 498.5 188.2 188.2 188.2 188.1 56.3 56.3
Intangible Assets 1,235.2 1,297.1 1,336.7 1,383.3 1,393.4 1,431.4 1,496.7 1,547.5 1,614.2 1,677.8 1,728.3 1,784.1 1,815.9 1,836.8 1,854.3 1,872.2 1,883.9 1,910.3 1,932.0 1,963.2 1,997.2 2,020.9 386.6 213.5 214.7 225.5 228.8 239.3 238.3 247.4 256.8 264.7 153.5 159.8 164.6 21.2 23.1 24.9 26.4 13.8 14.6
Long-Term Investments 0 0 0 0 0 0 0 0 0 (310.7) 0 0 0 0 0 0 0 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 106.0 137.6 106.7 101.1 108.8 81.5 77.9 116.8 114.2 80.3 74.5 72.9 64.0 78.5 43.7 37.9 26.6 20.7 17.9 18.3 28.0 18.4 7.1 19.9 15.3 6.5 6.4 6.4 1.4 1.4 1.3 1.1 0.8 0.9 0.8 0.3 0.4 0.4 0.4 0.3 0.3
Total Non-Current Assets 1,674.9 2,013.5 1,785.8 1,820.7 1,842.6 1,852.6 1,919.9 2,012.3 2,868.7 2,903.3 2,940.9 2,995.4 3,022.4 3,415.5 6,816.4 6,845.5 9,884.3 16,509.2 16,495.3 16,506.3 16,550.0 16,695.7 2,139.3 1,015.7 1,006.6 1,014.8 1,010.5 1,032.7 1,010.8 996.1 1,011.9 1,021.0 660.6 668.2 673.6 217.2 219.1 221.0 222.0 76.5 77.3
Total Assets 2,807.3 3,100.8 2,878.5 2,894.0 3,444.4 3,516.5 3,528.6 3,523.6 4,320.8 4,392.4 4,328.0 4,316.4 4,309.1 4,701.0 8,104.0 8,102.8 11,092.3 17,734.6 17,652.6 17,611.1 17,582.4 17,755.3 3,449.4 2,418.8 1,603.1 1,602.8 1,568.4 1,565.3 1,551.6 1,528.9 1,535.2 1,199.9 817.5 824.4 880.9 674.1 414.0 303.7 313.3 203.9 213.5
Current Liabilities
Account Payables 45.2 48.0 52.2 54.4 52.1 33.1 37.8 56.1 37.7 43.6 26.0 16.1 38.6 47.7 70.8 94.4 47.4 47.3 34.7 42.1 34.4 46.0 21.4 10.8 8.1 9.1 6.1 6.1 7.7 7.8 4.8 5.5 3.3 3.9 1.9 1.1 1.9 2.2 0.8 0.5 1.1
Short-Term Debt 0 11.0 0 0 550.7 550.7 550.7 550.7 0 0 0 0 0 13.6 0 0 0 0 12.4 13.6 0 42.6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 2 4.2 1.2
Deferred Revenue 65.7 62.3 70.1 74.7 73.9 79.3 88.3 95.4 101.2 95.7 99.2 107.4 95.9 101.8 90.2 86.3 83.8 75.6 72.9 69.3 70.5 52.4 46.7 24.8 17.9 12.5 14.4 12.3 10.5 7.7 8.1 7.4 4.7 4.1 3.5 2.4 1.6 1.0 0.8 0.8 0.9
Other Current Liabilities 233.3 187.2 107.8 110.2 107.1 69.3 123.0 162.3 184.5 167.3 132.8 113.3 98.8 151.3 106.5 97.7 88.7 132.2 91.7 72.4 96.0 128.9 74.3 42.8 42.7 39.3 29.8 23.3 24.7 16.5 18.0 20.5 16.8 12.1 18.1 7.3 9.9 5.9 7.8 2.8 4.8
Total Current Liabilities 404.9 404.7 405.1 401.8 952.4 941.5 931.4 930.7 388.8 420.6 402.6 383.4 381.3 399.8 411.4 371.5 306.7 331.0 302.1 276.2 260.4 332.6 200.8 123.5 97.2 90.2 85.2 70.4 71.7 62.4 58.2 57.0 37.8 40.3 40.8 19.7 18.1 21.1 20.3 16.0 14.9
Non-Current Liabilities
Long-Term Debt 995.8 994.9 994.0 993.2 992.3 991.4 990.6 989.7 1,539.5 1,538.7 1,537.8 1,537.0 1,536.1 1,535.3 1,534.4 1,533.6 1,532.8 1,225.7 1,220.9 1,210.6 1,353.0 1,379.6 953.5 948.2 447.2 440.4 433.8 427.2 420.9 414.7 408.7 402.8 210.4 207.4 371.3 243.8 42.4 42.4 42.5 27.1 25.0
Deferred Tax Liabilities 27.6 271.4 34.1 29.9 24.3 49.9 50.8 50.7 47.5 49.5 44.3 48.1 50.6 406.5 51.7 55.9 57.5 75.8 93.8 81.9 84.9 102.1 17.9 19.0 18.8 21.7 22.7 31.7 29.7 32.4 35.0 35.2 12.3 12.9 14.4 2.0 1.8 1.7 1.5 1.4 1.3
Other Non-Current Liabilities 0.6 0.6 4.2 4.2 4.3 0.7 0.7 1.0 1.0 1.1 1.7 1.7 9.8 1.6 9.5 9.5 9.7 10.8 1.3 1.3 11.8 11.5 10.9 5.3 10.2 9.2 7.2 7.0 4.8 6.2 5.6 5.6 6.2 17.8 7.6 9.3 8.1 7.6 6.7 8.8 8.5
Total Non-Current Liabilities 1,066.1 1,310.4 1,081.3 1,070.1 1,065.0 1,083.9 1,089.5 1,090.8 1,643.0 1,645.7 1,631.3 1,637.9 1,636.6 1,993.4 1,639.9 1,646.6 1,643.0 1,357.8 1,362.9 1,333.8 1,492.5 1,538.8 1,017.5 1,000.4 505.7 498.6 489.5 492.3 478.4 453.3 449.2 443.5 228.8 225.2 393.3 255.1 52.4 51.7 50.7 35.9 33.4
Total Liabilities 1,470.9 1,715.1 1,486.4 1,471.9 2,017.4 2,025.4 2,020.9 2,021.6 2,031.9 2,066.3 2,033.9 2,021.3 2,017.9 2,393.2 2,051.3 2,018.1 1,949.7 1,688.9 1,665.0 1,610.0 1,752.9 1,871.5 1,218.3 1,123.9 602.9 588.8 574.7 562.7 550.1 515.8 507.4 500.5 266.7 265.5 434.1 274.8 70.5 72.8 71.0 51.9 48.4
Stockholders' Equity
Common Stock 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 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
Retained Earnings (16,494.1) (16,430.2) (16,405.1) (16,355.6) (16,322.9) (16,229.9) (16,181.5) (16,148.2) (15,310.5) (15,228.7) (15,199.8) (15,142.7) (15,077.5) (15,008.3) (11,198.2) (11,124.7) (8,023.3) (1,421.5) (1,410.5) (1,326.1) (1,192.3) (992.7) (598.7) (562.8) (537.1) (507.5) (488.5) (468.1) (438.8) (408.7) (383.8) (360.5) (335.4) (311.6) (267.2) (235.9) (220.4) (204.7) (190.5) (160.7) (145.8)
Accumulated Other Comprehensive Income (35.4) (34.7) (34.6) (35.4) (37.2) (38.4) (37.1) (39.0) (38.6) (37.0) (41.5) (38.8) (41.0) (42.8) (49.3) (29.9) (11.4) (6.3) (1.1) 12.3 5.0 18.5 (5.6) (21.9) (34.8) (17.2) (28.1) (12.5) (16.9) (13.1) (4.4) (2.5) 3.4 4.1 3.9 (0.0) (0.0) (0.0) 0.0 0.0 0.0
Total Stockholders' Equity 1,336.3 1,385.7 1,392.1 1,422.1 1,427.0 1,491.1 1,507.7 1,502.1 2,288.9 2,326.1 2,294.1 2,295.1 2,291.2 2,307.7 6,052.7 6,084.6 9,142.6 16,045.8 15,987.6 16,001.1 15,829.5 15,883.8 2,231.0 1,294.9 1,000.2 1,014.0 993.7 1,002.6 1,001.6 1,013.1 1,027.8 699.4 550.9 558.9 446.8 399.4 343.4 230.9 242.3 152.0 165.1
Total Liabilities & Equity 2,807.3 3,100.8 2,878.5 2,894.0 3,444.4 3,516.5 3,528.6 3,523.6 4,320.8 4,392.4 4,328.0 4,316.4 4,309.1 4,701.0 8,104.0 8,102.8 11,092.3 17,734.6 17,652.6 17,611.1 17,582.4 17,755.3 3,449.4 2,418.8 1,603.1 1,602.8 1,568.4 1,565.3 1,551.6 1,528.9 1,535.2 1,199.9 817.5 824.4 880.9 674.1 414.0 303.7 313.3 203.9 213.5
Debt Metrics
Total Debt 1,027.5 1,040.2 1,042.1 1,035.1 1,586.8 1,584.6 1,588.9 1,588.8 1,590.3 1,592.3 1,583.0 1,585.7 1,585.0 1,586.9 1,588.4 1,590.9 1,586.0 1,280.1 1,289.3 1,273.7 1,404.9 1,476.7 991.1 981.9 482.5 470.5 464.8 458.9 449.2 414.7 408.7 402.8 210.4 207.4 371.3 243.8 42.4 44.4 44.5 31.4 26.2
Net Debt 276.8 259.1 315.8 355.5 393.4 286.3 345.0 426.5 492.3 468.6 552.4 627.0 696.4 668.7 688.8 709.7 749.6 386.7 465.4 490.0 684.8 743.4 (196.2) (327.0) (25.5) (43.9) (10.5) 18.5 15.3 (9.3) (48.9) 297.0 145.3 164.6 288.2 (165.4) (97.5) (5.6) 0.4 (24.4) (24.0)
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 2016 Q4 2016 Q3 2016 Q2 2016 Q1
Operating Activities
Net Income (63.8) (25.1) (49.5) (32.7) (93.0) (48.4) (33.3) (837.7) (81.9) (28.9) (57.1) (65.2) (69.2) (3,810.1) (73.5) (3,101.5) (6,674.5) (11.0) (84.3) (133.8) (199.6) (394.0) (35.9) (25.7) (29.6) (19.0) (20.3) (29.3) (30.1) (24.9) (23.3) (25.1) (23.9) (44.4) (31.3) (15.4) (15.7) (14.3) (29.8) (14.9) (15.3)
Depreciation & Amortization 91.7 100.0 92.2 87.0 90.2 91.7 91.8 98.9 100.5 101.5 96.8 0 73.5 78.9 65.4 63.5 62.9 57.0 55.1 55.9 50.4 37.0 15.4 11.4 9.7 11.1 11.4 10.9 11.6 9.6 9.7 8.0 8.3 7.4 6.4 2.7 2.6 2.6 2.6 1.6 1.5
Stock-Based Compensation 14.6 15.9 17.0 22.3 25.2 27.5 34.0 42.1 42.3 46.8 53.0 0 0 50.8 55.7 51 60.4 61.6 71.7 0 0 0 20.9 21.9 0 18.5 17.4 17.4 13.5 12.7 12.2 11.1 7.8 17.0 6.0 4.6 3.1 2.5 2.3 1.6 1.3
Change in Working Capital (35.6) 4.1 24.0 13.5 (40.5) 10.7 14.4 (9.6) (51.9) 10.9 11.9 32.1 (43.2) (36.2) 11.3 47.6 (83.6) 9.0 7.6 2.7 (69.7) (107.2) 18.3 9.9 (11.5) 1.2 6.1 (0.5) (7.0) (1.1) 7.3 2.4 (9.7) (2.9) 2.0 4.6 (3.0) 0.3 1.7 (0.8) (5.7)
Other Non-Cash Items 3.7 2.8 13.0 8.5 61.0 6.2 3.9 792.0 1.5 (5.0) 4.1 137.5 52.4 3,784.1 7.5 3,032.1 6,605.4 16.1 18.9 130.6 113.9 435.4 14.1 18.6 27.9 7.0 7.8 6.5 6.8 6.6 4.8 0.6 4.2 16.2 5.3 0.5 0.3 0.7 8.1 0.7 0.9
Operating Cash Flow 9.5 87.7 99.3 91.4 15.9 85.9 110.2 88.7 8.9 130.1 105.6 101.2 13.2 65.5 63.0 92.5 (31.7) 83.2 76.6 52.2 (18.0) (114.9) 32.2 35.5 (6.3) 18.1 13.5 6.1 (7.9) 2.5 10.2 (3.6) (13.9) (7.3) (11.7) (2.9) (12.5) (8.0) (14.9) (11.7) (17.1)
Investing Activities
Capital Expenditure (1.7) (2.6) (31.3) (1.3) (31.6) (29.6) (31.1) (1.9) (1.1) (1.4) (37.6) (1.9) (2.4) (6.2) (3.8) (2.5) (3.9) (2.9) (1.2) (2.3) (2.1) (1.2) (9.3) (5.2) (1.0) (3.4) (3.3) (2.6) (1.7) (2.9) (2.1) (2.4) (1.0) (2.0) (1.9) (0.8) (0.8) (1.4) (0.5) (0.8) (0.7)
Acquisitions 0 0 (16.6) (0.7) (64.6) 0 0 0 0 0 0 0 0 0 0 0 0 (2.7) (19.6) (0.4) (55.9) (407.8) (146.2) (4.5) (9) 0.0 0.0 (11.2) 0 0.0 (9.0) 0.9 0 (0.0) 1.2 0.1 0.2 (37.0) 0.2 0.3 0.4
Purchases of Investments (0.7) 0 (0.8) 0 (27.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 (1.7) 0 0 (44.2) 1.4 (12.1) 0 (29.6) (84.7) 0.0 (35.0) 0.0 0.0 (7.1) (37.1)
Sales/Maturities of Investments 0 0 0 0.7 0 0 0 0 0 0 0 0 0 0 2.5 0 0 0 0 10.9 50 2.5 0 0 0 12.9 16.5 13.7 9 4.7 11.5 43.0 25 39.9 26.1 4.9 14.7 15.1 25.9 19.9 49.9
Other Investing Activities (34.2) (31.7) 0 (58.5) 0 0 (89.8) 0 0 0.0 0 0 0 0 (0.8) 0 3.3 5.6 0 0 3.1 0 (8.1) (4.5) 0 (2.7) 1.7 (16.2) 0.0 0.0 (1.4) (269.0) 24.5 8.9 (380.5) (0.1) (0.2) 37.0 (37.2) (0.3) (0.4)
Investing Cash Flow (36.5) (34.3) (48.7) (59.7) (123.3) (29.6) (31.1) (27.7) (35.5) (36.5) (37.6) (36.6) (45.6) (53.9) (41.4) (44.8) (27.6) (20.1) (34.7) (2.2) (16.0) (413.9) (155.5) (9.7) (11.9) 9.5 13.2 (5.1) 7.3 (42.3) 0.5 (239.6) 24.0 8.3 (439.9) 4.1 (21.0) 13.7 (11.7) 12.1 12.1
Financing Activities
Net Debt Issuance 0 0 0 (550.6) 0 0 0 0 0 0 0 0.2 (0.2) 1.5 (2.0) (1.0) (1.7) 0.6 (1.2) (0.9) 0.6 84.2 (0.0) (228.1) 0 0 0 0 0 0.0 0.0 279.1 0 (180.2) 122.5 263.7 (2) 0.0 12.9 5.2 (0.3)
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 0.2 (1.9) 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 (2.8) 0.0 (3.6) 0 0.8 2.1 (0.3) (0.0) 0.1 (2.9) 5.1 0.9 0.5 (0.5) 0.5 (0.0) (2.8) 0.4 (6.2) 4.0 1.0 (29.7) 0.4 (19.7) 0.2 10.0 9.2 5.2 10.7 7.4 10.5 5.5 12.2 4.2 2.9 4.3 1.5 0.3 0.5 0.1 0.5
Financing Cash Flow (2.4) 1.1 (3.6) (549.9) 0.8 2.1 0.7 3.8 1.8 (1.8) 5.1 4.2 3.4 4.4 0.6 (1.3) 2.8 6.6 0.8 11.4 22.2 70.4 0.4 773.2 15.1 10.0 9.2 5.2 10.7 7.4 341.3 284.6 12.2 (41.5) 125.4 268.1 123.4 0.3 14.8 5.3 0.2
Cash Position
Net Change in Cash (30.3) 54.8 46.6 (513.7) (105.0) 54.5 81.5 64.4 (25.7) 93.1 71.8 70.1 (29.6) 18.6 18.5 44.7 (57.0) 69.7 40.1 63.6 (13.2) (454.0) (121.5) 800.9 (6.4) 39.1 34.8 6.5 10.0 (33.6) 351.8 40.6 22.4 (40.3) (326.1) 269.3 89.9 6.0 (11.7) 5.6 (4.9)
Cash at Beginning 781.1 726.2 679.6 1,193.3 1,298.3 1,243.9 1,162.4 1,097.9 1,123.7 1,030.5 958.7 888.6 918.2 899.6 881.2 836.4 893.5 823.8 783.7 720.1 733.3 1,187.3 1,308.8 508.0 514.4 475.2 440.4 434.0 424.0 457.6 105.8 65.2 42.8 83.1 409.2 139.9 50.0 44.0 55.8 50.2 55.1
Cash at End 750.7 781.1 726.2 679.6 1,193.3 1,298.3 1,243.9 1,162.4 1,097.9 1,123.7 1,030.5 958.7 888.6 918.2 899.6 881.2 836.4 893.5 823.8 783.7 720.1 733.3 1,187.3 1,308.8 508.0 514.4 475.2 440.4 434.0 424.0 457.6 105.8 65.2 42.8 83.1 409.2 139.9 50.0 44.0 55.8 50.2
Free Cash Flow 7.9 85.1 67.9 90.2 (15.7) 56.3 79.0 86.8 7.8 128.7 68.0 99.3 10.8 59.4 59.2 89.9 (35.7) 80.3 75.4 49.9 (20.1) (116.1) 22.9 30.4 (7.3) 14.7 10.2 3.6 (9.6) (0.4) 8.1 (6.0) (14.9) (9.3) (13.7) (3.7) (13.3) (9.5) (15.4) (12.5) (17.8)
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
Income Statement
Revenue 613.8 642.3 626.4 631.9 629.4 640.5 640.5 642.4 646.1 660.5 660.2 652.4 629.2 637.7 611.4 592.4 565.4 554.2 521.7 503.1 453.7 383.3 288.8 241.0 180.8 156.5 138.0 130.3 128.6 122.7 111.0 94.6 89.6 77.1 68.7 44.6 42.9 37.4 32.4 26.5 26.9 22.6 20.0 18.3 16.5 12.9 10.9 10.3 9.4
Gross Profit 324.0 445.2 439.3 441.4 432.5 451.6 460.8 454.4 451.6 467.1 474.3 461.9 439.1 448.8 425.8 409.9 378.3 379.2 352.6 342.9 307.7 260.4 184.1 150.2 108.4 101.1 95.2 88.6 83.9 82.7 76.8 66.9 62.8 54.4 51.9 34.6 30.8 27.4 25.3 19.6 18.9 16.2 15.5 13.5 11.2 9.2 8.8 8.3 7.4
Operating Income (48.7) (36.0) (52.0) (54.4) (120.6) (48.2) (44.4) (841.1) (87.1) (35.1) (64.7) (71.6) (77.1) (3,815.6) (71.7) (3,096.6) (6,669.4) (41.4) (60.6) (78.9) (84.7) (458.5) (19.7) (7.2) (21.0) (15.6) (19.9) (22.0) (22.9) (17.8) (15.8) (18.1) (19.1) (24.6) (21.5) (14.5) (14.8) (13.2) (20.3) (14.5) (14.7) (14.3) (12.6) (16.3) (12.6) (6.2) (3.9) (2.9) (2.2)
Net Income (63.8) (25.1) (49.5) (32.7) (93.0) (48.4) (33.3) (837.7) (81.9) (28.9) (57.1) (65.2) (69.2) (3,810.1) (73.5) (3,101.5) (6,674.5) (11.0) (84.3) (133.8) (199.6) (394.0) (35.9) (25.7) (29.6) (19.0) (20.3) (29.3) (30.1) (24.9) (23.3) (25.1) (23.9) (44.4) (31.3) (15.4) (15.7) (14.3) (29.8) (14.9) (15.3) (15.0) (13.2) (17.1) (12.7) (7.0) (4.5) (3.2) (2.3)
EPS (Diluted) -0.36 -0.14 -0.28 -0.19 -0.53 -0.28 -0.19 -4.92 -0.49 -0.17 -0.35 -0.40 -0.42 -23.49 -0.45 -19.22 -41.58 -0.07 -0.53 -0.86 -1.31 -3.07 -0.43 -0.34 -0.40 -0.26 -0.28 -0.41 -0.43 -0.35 -0.34 -0.40 -0.39 -0.76 -0.55 -0.28 -0.30 -0.27 -0.65 -0.38 -0.40 -0.39 -0.37 -0.46 -0.35 -0.25 -0.16 -0.12 -0.08
Balance Sheet
Cash & Equivalents 750.7 781.1 726.2 679.6 1,193.3 1,298.3 1,243.9 1,162.4 1,097.9 1,123.7 1,030.5 958.7 888.6 918.2 899.6 881.2 836.4 893.5 823.8 783.7 720.1 733.3 1,187.3 1,308.8 508.0 514.4 475.2 440.4 434.0 424.0 457.6 105.8 65.2 42.8 83.1 409.2 139.9 50.0 44.0 55.8 50.2
Total Assets 2,807.3 3,100.8 2,878.5 2,894.0 3,444.4 3,516.5 3,528.6 3,523.6 4,320.8 4,392.4 4,328.0 4,316.4 4,309.1 4,701.0 8,104.0 8,102.8 11,092.3 17,734.6 17,652.6 17,611.1 17,582.4 17,755.3 3,449.4 2,418.8 1,603.1 1,602.8 1,568.4 1,565.3 1,551.6 1,528.9 1,535.2 1,199.9 817.5 824.4 880.9 674.1 414.0 303.7 313.3 203.9 213.5
Total Debt 1,027.5 1,040.2 1,042.1 1,035.1 1,586.8 1,584.6 1,588.9 1,588.8 1,590.3 1,592.3 1,583.0 1,585.7 1,585.0 1,586.9 1,588.4 1,590.9 1,586.0 1,280.1 1,289.3 1,273.7 1,404.9 1,476.7 991.1 981.9 482.5 470.5 464.8 458.9 449.2 414.7 408.7 402.8 210.4 207.4 371.3 243.8 42.4 44.4 44.5 31.4 26.2
Stockholders' Equity 1,336.3 1,385.7 1,392.1 1,422.1 1,427.0 1,491.1 1,507.7 1,502.1 2,288.9 2,326.1 2,294.1 2,295.1 2,291.2 2,307.7 6,052.7 6,084.6 9,142.6 16,045.8 15,987.6 16,001.1 15,829.5 15,883.8 2,231.0 1,294.9 1,000.2 1,014.0 993.7 1,002.6 1,001.6 1,013.1 1,027.8 699.4 550.9 558.9 446.8 399.4 343.4 230.9 242.3 152.0 165.1
Cash Flow
Operating Cash Flow 9.5 87.7 99.3 91.4 15.9 85.9 110.2 88.7 8.9 130.1 105.6 101.2 13.2 65.5 63.0 92.5 (31.7) 83.2 76.6 52.2 (18.0) (114.9) 32.2 35.5 (6.3) 18.1 13.5 6.1 (7.9) 2.5 10.2 (3.6) (13.9) (7.3) (11.7) (2.9) (12.5) (8.0) (14.9) (11.7) (17.1)
Capital Expenditure (1.7) (2.6) (31.3) (1.3) (31.6) (29.6) (31.1) (1.9) (1.1) (1.4) (37.6) (1.9) (2.4) (6.2) (3.8) (2.5) (3.9) (2.9) (1.2) (2.3) (2.1) (1.2) (9.3) (5.2) (1.0) (3.4) (3.3) (2.6) (1.7) (2.9) (2.1) (2.4) (1.0) (2.0) (1.9) (0.8) (0.8) (1.4) (0.5) (0.8) (0.7)
Free Cash Flow 7.9 85.1 67.9 90.2 (15.7) 56.3 79.0 86.8 7.8 128.7 68.0 99.3 10.8 59.4 59.2 89.9 (35.7) 80.3 75.4 49.9 (20.1) (116.1) 22.9 30.4 (7.3) 14.7 10.2 3.6 (9.6) (0.4) 8.1 (6.0) (14.9) (9.3) (13.7) (3.7) (13.3) (9.5) (15.4) (12.5) (17.8)