TERN - Terns Pharmaceuticals, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$55.56
DETAILS
HIGH:
$70.00
LOW:
$35.00
MEDIAN:
$56.00
CONSENSUS:
$55.56
UPSIDE:
4.93%
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||
| Revenue | 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 |
| Cost of Revenue | (0.1) | 0 | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 0.1 | 0 | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | |||||||||||||||||||||||||
| R&D Expenses | 18.9 | 19.9 | 20.4 | 18.7 | 18.0 | 15.2 | 18.4 | 18.6 | 17.5 | 14.8 | 14.2 | 17.1 | 10.7 | 12.2 | 8.7 | 8.1 | 9.5 | 7.2 | 6.0 | 8.7 | 7.8 | 5.4 | 7.6 | 7.2 | 7.6 |
| SG&A Expenses | 8.7 | 7.8 | 7.0 | 8.7 | 7.9 | 9.8 | 7.2 | 6.9 | 6.6 | 18.4 | 7.0 | 7.1 | 6.2 | 5.1 | 5.4 | 5.7 | 5.4 | 4.7 | 4.9 | 4.6 | 1.0 | 3.3 | 2.5 | 2.2 | 2.4 |
| Other Expenses | 0.1 | 0 | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 27.7 | 27.7 | 27.3 | 27.4 | 25.9 | 24.9 | 25.5 | 25.4 | 24.1 | 33.2 | 21.2 | 24.2 | 16.8 | 17.3 | 14.1 | 13.8 | 14.9 | 11.9 | 10.8 | 13.3 | 8.8 | 8.7 | 10.1 | 9.4 | 9.9 |
| Operating Income | |||||||||||||||||||||||||
| Operating Income | (27.6) | (27.7) | (27.4) | (27.4) | (25.9) | (24.9) | (25.5) | (25.4) | (24.1) | (33.2) | (21.2) | (24.2) | (16.8) | (17.3) | (14.1) | (13.8) | (13.9) | (11.9) | (10.8) | (13.3) | (8.8) | (8.7) | (10.1) | (9.4) | (9.9) |
| Interest 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 |
| Interest Income | 4.5 | 3.1 | 3.4 | 3.6 | 4.1 | 3.1 | 2.9 | 3.2 | 3.3 | 3.5 | 3.4 | 2.7 | 1.3 | 0.5 | 0.2 | 0.1 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 |
| Profitability | |||||||||||||||||||||||||
| EBITDA | (34.4) | (24.6) | (23.9) | (27.3) | (25.7) | (24.7) | (25.3) | (25.2) | (24.0) | (33.0) | (20.9) | (23.9) | (16.6) | (17.0) | (13.8) | (13.5) | (13.8) | (11.8) | (10.7) | (13.1) | (8.7) | (8.6) | (10.0) | (9.3) | (9.6) |
| EBIT | (34.1) | (24.6) | (24.0) | (27.4) | (25.9) | (24.9) | (25.5) | (25.4) | (24.1) | (33.2) | (21.2) | (24.2) | (16.8) | (17.3) | (14.1) | (13.8) | (13.9) | (11.9) | (10.8) | (13.3) | (8.8) | (8.7) | (10.1) | (9.4) | (9.7) |
| Income Before Tax | (23.2) | (24.6) | (24.0) | (23.8) | (21.8) | (21.9) | (22.7) | (22.3) | (21.0) | (29.7) | (17.8) | (21.5) | (15.5) | (16.8) | (13.9) | (13.8) | (13.8) | (11.8) | (10.7) | (13.3) | 1.5 | (11.5) | (9.8) | (9.2) | (10.0) |
| Income Tax Expense | 0.4 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.0 | 0.0 | 0.0 | 0.4 | 0.0 | 0.0 | 0.0 | 0.7 | 0.1 | 0 | 0 | 0.0 |
| Net Income | (23.6) | (24.6) | (24.1) | (23.9) | (21.8) | (21.9) | (22.7) | (22.4) | (21.0) | (29.8) | (17.9) | (21.5) | (15.8) | (16.8) | (13.9) | (13.8) | (14.2) | (11.8) | (10.7) | (13.3) | 0.8 | (11.4) | (9.7) | (9.0) | (9.8) |
| Per Share Data | |||||||||||||||||||||||||
| EPS (Basic) | -0.24 | -0.27 | -0.26 | -0.26 | -0.24 | -0.28 | -0.31 | -0.30 | -0.29 | -0.42 | -0.25 | -0.31 | -0.29 | -0.44 | -0.55 | -0.55 | -0.56 | -0.47 | -0.43 | -0.53 | 0.03 | -0.48 | -0.40 | -0.38 | -0.41 |
| EPS (Diluted) | -0.24 | -0.27 | -0.26 | -0.26 | -0.24 | -0.28 | -0.31 | -0.30 | -0.29 | -0.42 | -0.25 | -0.31 | -0.29 | -0.44 | -0.55 | -0.55 | -0.56 | -0.47 | -0.43 | -0.53 | 0.03 | -0.48 | -0.40 | -0.38 | -0.41 |
| Shares Outstanding | 93.2 | 91.7 | 91.6 | 91.5 | 91.2 | 77.8 | 74.5 | 74.4 | 72.3 | 71.5 | 71.4 | 69.8 | 54.7 | 38.5 | 25.3 | 25.3 | 25.3 | 25.1 | 25.1 | 25.1 | 25.1 | 24.0 | 24.0 | 24.0 | 24.0 |
| Metric | 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 Q1 | 2019 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||||||||||||||
| Cash & Cash Equivalents | 524.7 | 150.7 | 146.0 | 139.0 | 161.4 | 270.1 | 91.5 | 65.1 | 79.9 | 37.9 | 80.9 | 184.4 | 143.2 | 63.0 | 16.8 | 43.9 | 47.7 | 64.8 | 67.6 | 98.8 | 74.9 | 13.8 | (19.6) | 12.3 |
| Short-Term Investments | 494.2 | 144.9 | 169.5 | 195.2 | 196.7 | 102.6 | 133.8 | 175.6 | 183.5 | 228.7 | 204.7 | 113.2 | 139.9 | 124.3 | 123.0 | 107.4 | 118.3 | 112.4 | 117.5 | 96.8 | 0 | 0 | 39.3 | 7.3 |
| Net Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.7 | 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 |
| Other Current Assets | 5.2 | 0 | 0 | 3.5 | 3.9 | 3.7 | 0 | 0 | 4.0 | 0 | 0 | 0 | 2.1 | 0 | 0 | 0 | 0 | 1.6 | 1.8 | 2.5 | 2.1 | 0.6 | 0 | 0.5 |
| Total Current Assets | 1,024.2 | 300.3 | 319.0 | 337.7 | 362.1 | 376.5 | 230.2 | 245.9 | 267.4 | 270.5 | 288.3 | 299.7 | 285.2 | 190.5 | 142.6 | 154.1 | 166.9 | 178.8 | 186.9 | 198.0 | 90.9 | 15.4 | 19.6 | 22.2 |
| Non-Current Assets | ||||||||||||||||||||||||
| Property, Plant & Equipment | 0.9 | 1.0 | 1.1 | 1.2 | 1.5 | 1.7 | 0.6 | 0.8 | 1.0 | 1.2 | 1.3 | 1.6 | 1.8 | 2.0 | 2.2 | 2.5 | 1.0 | 0.9 | 1.0 | 1.0 | 1.2 | 1.2 | 0 | 1.0 |
| 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 |
| 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 |
| 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 |
| Other Non-Current Assets | 0 | 0.4 | 0.4 | 0.4 | 0.3 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.8 | (19.6) | 0.7 |
| Total Non-Current Assets | 0.9 | 1.4 | 1.5 | 1.6 | 1.8 | 1.7 | 0.6 | 0.9 | 1.1 | 1.2 | 1.4 | 1.6 | 1.8 | 2.0 | 2.3 | 2.6 | 1.1 | 1.1 | 1.1 | 1.2 | 1.4 | 2.0 | (19.6) | 1.7 |
| Total Assets | 1,025.1 | 301.7 | 320.4 | 339.3 | 363.9 | 378.2 | 230.9 | 246.8 | 268.5 | 271.7 | 289.7 | 301.3 | 287.0 | 192.6 | 144.9 | 156.7 | 168.1 | 179.9 | 188.0 | 199.2 | 92.3 | 17.4 | 0 | 23.9 |
| Current Liabilities | ||||||||||||||||||||||||
| Account Payables | 1.7 | 2.9 | 2.8 | 2.8 | 2.1 | 1.8 | 1.9 | 1.7 | 2.5 | 3.3 | 5.5 | 2.7 | 1.6 | 2.1 | 1.0 | 1.7 | 2.1 | 1.6 | 1.7 | 4.2 | 0.9 | 0.5 | 0 | 1.6 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.9 | 19.3 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.8 | 0.8 | 0.8 | 0.8 | 0 | 0 | 0 |
| Other Current Liabilities | 7.4 | 0.9 | 0.5 | 3.2 | 5.2 | 4.8 | 0.3 | 0.5 | 6.0 | 0.4 | 0.3 | 0.4 | 0.2 | 0.3 | 0.1 | 0.3 | 0.4 | 3.1 | 2.3 | 2.8 | 6.7 | 1.7 | 0 | 2.1 |
| Total Current Liabilities | 16.4 | 15.4 | 12.9 | 10.9 | 15.7 | 11.4 | 11.0 | 8.8 | 11.9 | 12.1 | 14.2 | 12.1 | 8.5 | 7.5 | 6.0 | 6.2 | 6.8 | 6.9 | 5.8 | 8.4 | 22.8 | 28.0 | 0 | 5.0 |
| Non-Current Liabilities | ||||||||||||||||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0.4 | 0 | 0.3 |
| Other Non-Current Liabilities | 1.7 | 1.6 | 1.6 | 1.5 | 1.5 | 1.3 | 1.2 | 1.2 | 1.2 | 1.1 | 1.1 | 1.1 | 1.1 | 0.7 | 0.7 | 0.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 13.9 | 0 | 0.3 |
| Total Non-Current Liabilities | 2.1 | 2.2 | 2.3 | 2.3 | 2.4 | 2.4 | 1.2 | 1.2 | 1.2 | 1.2 | 1.3 | 1.5 | 1.6 | 1.4 | 1.6 | 1.8 | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 14.2 | 0 | 0.6 |
| Total Liabilities | 18.6 | 17.6 | 15.2 | 13.3 | 18.1 | 13.8 | 12.2 | 10.0 | 13.2 | 13.3 | 15.5 | 13.6 | 10.1 | 8.9 | 7.6 | 8.0 | 7.8 | 7.7 | 6.7 | 9.2 | 23.7 | 42.3 | 0 | 5.6 |
| 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 |
| Retained Earnings | (517.7) | (494.1) | (469.5) | (445.4) | (421.5) | (399.7) | (377.7) | (355.0) | (332.6) | (311.6) | (281.8) | (263.9) | (242.4) | (226.6) | (209.8) | (195.8) | (182.1) | (167.8) | (156.0) | (145.3) | (131.9) | (122.0) | 0 | (91.9) |
| Accumulated Other Comprehensive Income | 0.3 | 0.1 | (0.0) | 0.1 | (0.3) | 0.2 | (0.4) | (0.3) | (0.0) | (0.8) | (0.8) | (0.4) | (0.8) | (1.3) | (1.2) | (0.9) | (0.3) | (0.2) | (0.2) | (0.2) | (0.1) | 0.1 | (90.8) | (0.1) |
| Total Stockholders' Equity | 1,006.5 | 284.1 | 305.2 | 326.0 | 345.9 | 364.5 | 218.7 | 236.7 | 255.4 | 258.4 | 274.1 | 287.7 | 276.9 | 183.7 | 137.2 | 148.7 | 160.3 | 172.2 | 181.3 | 190.0 | 68.6 | (24.8) | 18.3 | 4.2 |
| Total Liabilities & Equity | 1,025.1 | 301.7 | 320.4 | 339.3 | 363.9 | 378.2 | 230.9 | 246.8 | 268.5 | 271.7 | 289.7 | 301.3 | 287.0 | 192.6 | 144.9 | 156.7 | 168.1 | 179.9 | 188.0 | 199.2 | 92.3 | 17.4 | 18.3 | 23.9 |
| Debt Metrics | ||||||||||||||||||||||||
| Total Debt | 0.9 | 1.0 | 1.1 | 1.2 | 1.3 | 1.3 | 0.2 | 0.4 | 0.6 | 0.8 | 0.9 | 1.0 | 1.2 | 1.4 | 1.4 | 1.6 | 0 | 0 | 0 | 0 | 12.9 | 19.3 | 0 | 0 |
| Net Debt | (523.8) | (149.7) | (144.8) | (137.8) | (160.1) | (268.8) | (91.2) | (64.7) | (79.3) | (37.1) | (80.0) | (183.3) | (142.0) | (61.6) | (15.4) | (42.3) | (47.7) | (64.8) | (67.6) | (98.8) | (62.0) | 5.6 | 19.6 | (12.3) |
| Metric | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||
| Net Income | (23.6) | (24.6) | (24.1) | (23.9) | (21.8) | (21.9) | (22.7) | (22.4) | (21.0) | (29.8) | (17.9) | (21.5) | (15.8) | (16.8) | (13.9) | (13.8) | (14.2) | (11.8) | (10.7) | (13.3) | (9.9) | (11.6) | (9.7) | (9.2) | (10.0) |
| Depreciation & Amortization | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Stock-Based Compensation | 3.4 | 3.3 | 3.0 | 0 | 3.0 | 4.2 | 4.4 | 4.0 | 3.3 | 14.1 | 4.2 | 3.9 | 2.7 | 0 | 2.7 | 2.7 | 0 | 1.9 | 1.9 | 1.8 | 0.8 | 0.5 | 0 | 0.2 | 0.1 |
| Change in Working Capital | 0.5 | 1.4 | 2.1 | (4.3) | 5.2 | 1.9 | 2.5 | (3.8) | (0.3) | (1.3) | 1.4 | 3.8 | 1.9 | 0.5 | (0.2) | (3.2) | 0.5 | 1.2 | (0.2) | (3.0) | (1.9) | 4.8 | 0.7 | 1.5 | 0.2 |
| Other Non-Cash Items | 0.5 | 0.0 | 0.0 | 3.6 | (1.2) | (0.7) | (0.6) | (0.9) | (1.5) | (3.9) | (1.0) | (0.8) | (0.6) | 2.5 | 0.1 | 0.6 | 0.0 | 0.5 | 0.2 | (0.0) | 3.6 | (0.3) | 0.0 | 0.0 | 0.1 |
| Operating Cash Flow | (19.1) | (19.8) | (18.9) | (24.4) | (14.6) | (16.5) | (16.2) | (22.8) | (19.3) | (20.7) | (13.0) | (14.4) | (11.2) | (13.6) | (11.2) | (13.3) | (13.4) | (8.1) | (8.8) | (14.3) | (7.4) | (6.3) | (8.8) | (7.3) | (9.5) |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 | (0.0) | 0.0 | (0.0) | (0.2) | (0.2) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.4) | (0.3) |
| 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 |
| Purchases of Investments | (380.0) | 0 | 0 | (25.0) | (119.3) | 0 | 0 | (50.6) | (5.0) | 0 | (182.8) | (23.9) | (48.0) | (29.2) | (38.0) | (24.4) | (19.7) | (9.0) | (40.8) | (96.8) | 0 | 0 | 0 | (0.7) | (1.7) |
| Sales/Maturities of Investments | 30 | 24.5 | 25.5 | 27 | 25 | 31.8 | 42.2 | 58.6 | 52.3 | 0 | 92.0 | 51.8 | 33.5 | 28.0 | 22.1 | 34.2 | 13.5 | 13.5 | 19.9 | 0 | 0 | 0 | 0 | 8.0 | 6.0 |
| Other Investing Activities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.0 | (22.3) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (350.0) | 24.5 | 25.5 | 2.0 | (94.3) | 31.8 | 42.2 | 8.0 | 47.2 | (22.3) | (90.8) | 27.9 | (14.5) | (1.2) | (16.0) | 9.5 | (6.4) | 4.4 | (20.9) | (96.8) | (0.0) | (0.0) | (0.1) | 6.8 | 4.1 |
| Financing Activities | |||||||||||||||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (12.9) | 0 | 0 | 16.9 | 0 | 0 |
| 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 |
| 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 |
| Other Financing Activities | (0.2) | 0 | 0.0 | 0 | 0.3 | 1.0 | 0.4 | 0 | 0.2 | 0.0 | 0 | (0.3) | (0.1) | 0 | 0 | 0 | 0 | 0.8 | 0 | 11.7 | 68.6 | 0.0 | 0 | (0.0) | (0.0) |
| Financing Cash Flow | 743.1 | 0 | 0.3 | 0.1 | 0.3 | 163.3 | 0.4 | 0 | 13.9 | 0.0 | 0.5 | 27.6 | 106.0 | 61.1 | 0.1 | 0 | 2.7 | 0.8 | (1.6) | 135.2 | 68.6 | 0.0 | 16.9 | (0.0) | (0.0) |
| Cash Position | |||||||||||||||||||||||||
| Net Change in Cash | 374.0 | 4.7 | 6.9 | (22.4) | (108.7) | 178.6 | 26.4 | (14.8) | 42.0 | (43.0) | (103.4) | 41.1 | 80.3 | 46.2 | (27.1) | (3.8) | (17.1) | (2.8) | (31.2) | 24.0 | 61.0 | (5.8) | 0 | (0.6) | (5.2) |
| Cash at Beginning | 150.7 | 146.0 | 139.0 | 161.4 | 270.1 | 91.5 | 65.1 | 79.9 | 37.9 | 80.9 | 184.4 | 143.2 | 63.0 | 16.8 | 43.9 | 47.7 | 64.8 | 67.6 | 98.8 | 74.9 | 13.8 | 19.6 | 0 | 12.4 | 17.5 |
| Cash at End | 524.7 | 150.7 | 146.0 | 139.0 | 161.4 | 270.1 | 91.5 | 65.1 | 79.9 | 37.9 | 80.9 | 184.4 | 143.2 | 63.0 | 16.8 | 43.9 | 47.7 | 64.8 | 67.6 | 98.8 | 74.9 | 13.8 | 0 | 11.7 | 12.4 |
| Free Cash Flow | (19.1) | (19.8) | (18.9) | (24.4) | (14.6) | (16.5) | (16.2) | (22.8) | (19.4) | (20.7) | (13.0) | (14.4) | (11.2) | (13.6) | (11.2) | (13.5) | (13.6) | (8.2) | (8.8) | (14.3) | (7.4) | (6.3) | (8.9) | (7.7) | (9.8) |
| Key Metrics | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||
| Revenue | 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 |
| Gross Profit | 0.1 | 0 | (0.1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | (27.6) | (27.7) | (27.4) | (27.4) | (25.9) | (24.9) | (25.5) | (25.4) | (24.1) | (33.2) | (21.2) | (24.2) | (16.8) | (17.3) | (14.1) | (13.8) | (13.9) | (11.9) | (10.8) | (13.3) | (8.8) | (8.7) | (10.1) | (9.4) | (9.9) |
| Net Income | (23.6) | (24.6) | (24.1) | (23.9) | (21.8) | (21.9) | (22.7) | (22.4) | (21.0) | (29.8) | (17.9) | (21.5) | (15.8) | (16.8) | (13.9) | (13.8) | (14.2) | (11.8) | (10.7) | (13.3) | 0.8 | (11.4) | (9.7) | (9.0) | (9.8) |
| EPS (Diluted) | -0.24 | -0.27 | -0.26 | -0.26 | -0.24 | -0.28 | -0.31 | -0.30 | -0.29 | -0.42 | -0.25 | -0.31 | -0.29 | -0.44 | -0.55 | -0.55 | -0.56 | -0.47 | -0.43 | -0.53 | 0.03 | -0.48 | -0.40 | -0.38 | -0.41 |
| Balance Sheet | |||||||||||||||||||||||||
| Cash & Equivalents | 524.7 | 150.7 | 146.0 | 139.0 | 161.4 | 270.1 | 91.5 | 65.1 | 79.9 | 37.9 | 80.9 | 184.4 | 143.2 | 63.0 | 16.8 | 43.9 | 47.7 | 64.8 | 67.6 | 98.8 | 74.9 | 13.8 | (19.6) | 12.3 | |
| Total Assets | 1,025.1 | 301.7 | 320.4 | 339.3 | 363.9 | 378.2 | 230.9 | 246.8 | 268.5 | 271.7 | 289.7 | 301.3 | 287.0 | 192.6 | 144.9 | 156.7 | 168.1 | 179.9 | 188.0 | 199.2 | 92.3 | 17.4 | 0 | 23.9 | |
| Total Debt | 0.9 | 1.0 | 1.1 | 1.2 | 1.3 | 1.3 | 0.2 | 0.4 | 0.6 | 0.8 | 0.9 | 1.0 | 1.2 | 1.4 | 1.4 | 1.6 | 0 | 0 | 0 | 0 | 12.9 | 19.3 | 0 | 0 | |
| Stockholders' Equity | 1,006.5 | 284.1 | 305.2 | 326.0 | 345.9 | 364.5 | 218.7 | 236.7 | 255.4 | 258.4 | 274.1 | 287.7 | 276.9 | 183.7 | 137.2 | 148.7 | 160.3 | 172.2 | 181.3 | 190.0 | 68.6 | (24.8) | 18.3 | 4.2 | |
| Cash Flow | |||||||||||||||||||||||||
| Operating Cash Flow | (19.1) | (19.8) | (18.9) | (24.4) | (14.6) | (16.5) | (16.2) | (22.8) | (19.3) | (20.7) | (13.0) | (14.4) | (11.2) | (13.6) | (11.2) | (13.3) | (13.4) | (8.1) | (8.8) | (14.3) | (7.4) | (6.3) | (8.8) | (7.3) | (9.5) |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.0) | (0.0) | (0.0) | 0 | 0 | (0.0) | 0.0 | (0.0) | (0.2) | (0.2) | (0.1) | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | (0.4) | (0.3) |
| Free Cash Flow | (19.1) | (19.8) | (18.9) | (24.4) | (14.6) | (16.5) | (16.2) | (22.8) | (19.4) | (20.7) | (13.0) | (14.4) | (11.2) | (13.6) | (11.2) | (13.5) | (13.6) | (8.2) | (8.8) | (14.3) | (7.4) | (6.3) | (8.9) | (7.7) | (9.8) |