Tandem Diabetes Care, Inc. logo TNDM - Tandem Diabetes Care, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 24
HOLD 15
SELL 0
STRONG
SELL
0
| PRICE TARGET: $31.69 DETAILS
HIGH: $55.00
LOW: $21.00
MEDIAN: $28.00
CONSENSUS: $31.69
UPSIDE: 111.76%
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 247.2 290.4 249.3 240.7 234.4 282.6 363.3 221.9 191.7 196.8 185.6 195.9 169.4 220.5 204.5 200.3 175.9 210.0 179.6 172.1 141.0 168.1 123.6 109.2 97.9 108.4 94.7 93.3 66.0 76.2 46.3 34.1 27.3 40.3 27.0 21.3 19.0 28.9 12.3 23.0 20.1 29.1 15.7 15.7 12.3 17.9 13.5 10.3 8.1 10.2 7.8 5.5 5.5 2.3 0.2
Cost of Revenue 110.4 122.9 115.0 114.8 116.0 125.2 238.6 109.1 97.0 103.5 95.9 94.2 86.5 105.0 100.1 98.3 84.8 96.3 82.9 79.7 67.8 77.5 58.3 54.8 47.7 48.1 44.0 43.4 32.6 34.7 24.5 19.0 15.9 22.8 15.1 13.3 12.2 18.8 13.9 14.8 13.1 15.7 10.2 10.9 9.5 11.4 9.1 6.8 7.2 9.1 5.2 5.1 3.4 2.7 1.1
Gross Profit 136.8 167.5 134.3 125.9 118.4 157.5 124.7 112.8 94.7 93.3 89.8 101.7 82.9 115.5 104.4 101.9 91.1 113.7 96.7 92.5 73.3 90.6 65.3 54.4 50.3 60.3 50.7 49.9 33.4 41.5 21.8 15.1 11.4 17.5 11.9 8.0 6.8 10.1 (1.6) 8.2 6.9 13.5 5.5 4.8 2.8 6.5 4.4 3.4 0.9 1.2 2.5 0.4 2.0 (0.4) (0.9)
Operating Expenses
R&D Expenses 46.0 46.1 47.9 48.1 125.4 52.2 51.1 49.3 46.2 42.6 42.0 42.9 120.9 35.6 67.8 33.6 33.2 29.5 24.1 20.5 18.0 17.4 16.1 16.0 14.1 12.6 12.0 11.2 9.4 8.8 8.0 6.5 6.0 5.8 4.9 4.9 5.1 4.3 6.2 4.1 4.2 4.1 5.1 3.9 3.9 3.9 4.5 3.7 3.7 3.3 2.7 2.8 2.3 2.0 2.1
SG&A Expenses 108.2 113.1 106.5 109.6 113.9 105.8 99.6 94.2 90.1 85.8 79.3 97.6 89.8 97.7 84.1 80.6 73.3 71.5 64.9 66.5 58.6 54.5 50.2 50.4 49.7 45.6 44.6 40.6 35.0 32.2 29.5 22.6 20.9 21.3 20.1 22.1 22.8 19.1 20.7 21.1 22.0 20.6 19.1 19.6 19.4 20.1 18.9 18.1 18.0 14.3 12.0 11.3 6.9 6.0 6.5
Other Expenses 0 0 0 20.0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses 154.2 159.2 154.4 177.7 239.3 158.0 150.7 143.6 136.3 128.4 121.3 140.5 210.7 133.3 151.9 114.2 106.4 101.0 89.0 87.0 76.5 71.9 66.3 66.4 63.8 58.1 56.7 51.8 44.4 41.0 37.5 29.1 26.9 27.1 25.0 27.0 28.0 23.4 26.8 25.2 26.2 24.7 24.2 23.5 23.2 24.0 23.4 21.8 21.7 17.7 14.7 14.1 9.2 8.0 8.6
Operating Income
Operating Income (17.4) 8.3 (20.1) (51.8) (120.9) (0.6) (26.1) (30.8) (41.7) (35.1) (31.5) (38.8) (127.8) (17.8) (47.5) (12.2) (15.3) 12.7 7.7 5.4 (3.2) 18.7 (1.0) (12.0) (13.6) 2.1 (6.0) (1.9) (11.0) 0.6 (15.7) (14.0) (15.5) (9.6) (13.2) (19.0) (21.2) (13.3) (28.4) (17.1) (19.2) (11.2) (18.7) (18.7) (20.4) (17.5) (19.0) (18.3) (20.8) (16.5) (12.1) (13.7) (7.2) (8.4) (9.5)
Interest Expense (2.2) 2.1 2.1 2.5 1.4 1.9 1.9 1.8 1.9 1.8 4.8 1.6 1.6 1.6 1.6 1.5 1.5 1.6 1.5 1.5 1.5 4.8 4.9 3.2 0 0.0 0.1 0.0 0.0 0 1.4 3.1 3.1 2.9 2.9 2.9 2.6 1.5 1.4 1.4 1.4 0.9 1.0 0.9 0.9 0.9 0.9 0.9 1.1 1.2 1.2 1.2 1.2 0.1 1.0
Interest Income 0 3.0 0 0 4.2 4.5 5.3 2.8 5.3 5.6 5.7 5.8 5.9 3.2 1.7 0.8 0.4 0 0.0 0.4 0.3 0.3 0.1 0.4 0.7 0.8 0.9 0.8 0.8 0.6 0.4 0.3 0.1 0.1 0.1 0.1 0.1 0.0 0.0 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
Profitability
EBITDA (17.4) 11.3 (18.6) (50.8) (116.4) 6.1 (16.5) (23.8) (34.1) (25.6) (22.6) (28.8) (119.1) (11.4) (42.3) (8.3) (11.7) 15.7 10.3 8.6 (0.2) 25.0 (1.5) (24.0) (12.9) 4.4 (1.3) 0.0 (21.5) 2.0 (31.4) (54.8) (28.1) (6.4) (11.4) (17.3) (19.7) (11.9) (27.1) (15.7) (17.9) (10.0) (17.5) (17.4) (19.2) (16.2) (17.8) (17.3) (19.9) (16.9) (11.1) (13.2) (9.2) (7.7) (8.9)
EBIT (17.4) 6.8 (23.1) (55.2) (120.7) 1.9 (20.7) (27.9) (38.1) (29.6) (26.6) (33.0) (122.5) (15.0) (45.8) (11.9) (15.4) 12.2 6.9 5.1 (3.7) 21.6 (4.5) (26.2) (14.8) 2.7 (2.8) (1.5) (23.0) 3.7 (32.8) (56.2) (29.6) (8.5) (13.1) (18.9) (21.2) (13.3) (28.4) (16.9) (19.1) (11.1) (18.6) (18.6) (20.3) (17.5) (19.0) (18.3) (20.8) (22.4) (11.9) (14.1) (10.0) (8.4) (6.5)
Income Before Tax (19.9) 4.7 (25.1) (57.7) (122.1) 0.0 (22.6) (29.7) (39.5) (31.3) (30.7) (34.6) (123.6) (16.1) (47.3) (12.9) (16.4) 11.1 5.8 4.1 (5.2) 17.0 (9.4) (29.2) (14.8) 2.7 (2.8) (1.5) (23.0) 3.7 (34.2) (59.4) (32.7) (11.4) (16.0) (21.8) (23.8) (14.8) (29.8) (18.3) (20.5) (12.1) (19.6) (19.5) (21.2) (18.4) (19.9) (19.2) (22.0) (23.6) (13.1) (15.3) (11.2) (8.6) (7.5)
Income Tax Expense 0.5 5.3 (4.0) (5.3) 8.5 (0.7) 0.6 1.1 3.2 (1.3) 2.2 1.1 0.3 (0.3) 1.6 2.1 (1.7) 0.3 0.1 0.1 (0.1) 0.0 0.0 (2.1) 0.1 0.1 0.1 0.0 0.0 0.1 0 0 0 0.0 0.1 0.1 0.1 (0.0) 0.0 0.1 0.1 0.0 0.1 0.1 0.1 0.1 0.0 0 0.0 0 0 0 0 0 0
Net Income (20.4) (0.6) (21.2) (52.4) (130.6) 0.8 (23.3) (30.8) (42.7) (30.0) (33.0) (35.8) (123.9) (15.9) (49.0) (15.1) (14.7) 10.8 5.8 4.0 (5.0) 17 (9.4) (27.1) (14.9) 2.7 (2.9) (1.5) (23.0) 3.7 (34.2) (59.4) (32.7) (11.4) (16.0) (21.8) (23.8) (14.8) (29.8) (18.3) (20.5) (12.1) (19.6) (19.5) (21.2) (18.5) (19.9) (19.2) (22.0) (23.6) (13.1) (15.3) (11.2) (8.6) (7.5)
Per Share Data
EPS (Basic) -0.30 -0.01 -0.31 -0.78 -1.97 0.01 -0.35 -0.47 -0.65 -0.46 -0.51 -0.55 -1.92 -0.25 -0.76 -0.23 -0.23 0.17 0.09 0.06 -0.08 0.27 -0.15 -0.45 -0.25 0.04 -0.05 -0.03 -0.40 0.06 -0.62 -1.17 -1.82 -1.23 -3.09 -4.36 -7.46 -4.80 -9.73 -6.01 -6.76 -4.01 -6.52 -6.53 -8.31 -7.83 -8.48 -8.31 -9.58 -10.30 -6.11 -12.20 -8.90 -6.82 -5.99
EPS (Diluted) -0.30 -0.01 -0.31 -0.78 -1.97 0.01 -0.35 -0.47 -0.65 -0.46 -0.51 -0.55 -1.92 -0.25 -0.76 -0.23 -0.23 0.16 0.09 0.06 -0.08 0.22 -0.15 -0.45 -0.25 0.04 -0.05 -0.03 -0.40 0.02 -0.62 -1.17 -1.82 -1.23 -3.09 -4.36 -7.46 -4.80 -9.73 -6.01 -6.76 -4.01 -6.52 -6.53 -8.31 -7.83 -8.48 -8.31 -9.58 -10.30 -6.11 -12.20 -8.90 -6.82 -5.99
Shares Outstanding 68.4 68.0 67.7 67.0 66.4 65.9 65.5 65.0 65.3 65.4 65.1 64.8 64.5 64.4 64.2 64.1 63.9 63.6 63.2 62.7 62.4 62.2 61.5 60.2 59.7 59.2 58.8 58.2 57.8 57.4 55.2 50.9 18.0 9.3 5.2 5.0 3.2 3.1 3.1 3.0 3.0 3.0 3.0 3.0 2.6 2.4 2.3 2.3 2.3 2.3 2.1 1.3 1.3 1.3 1.3
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 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 179.3 90.6 91.9 64.1 53.6 69.2 49.0 47.7 59.0 58.9 79.6 130.8 127.8 172.5 123.8 115.0 93.7 71.2 112.4 98.6 120.8 94.6 129.5 222.5 74.5 51.2 46.1 38.2 40.4 41.8 32.3 50.5 62.6 13.7 12.1 27.4 40.3 44.7 18.0 30.2 40.6
Short-Term Investments 390.9 202.0 227.2 251.2 315.1 369.1 424.3 404.7 408.8 409.0 418.5 376.5 391.8 444.4 484.9 520.4 541.7 552.6 482.6 446.7 392.6 390.3 335.0 203.8 85.7 125.3 110.9 93.2 85.2 87.2 81.3 36.0 9.3 0.5 0.5 0.4 3.7 8.9 16.1 24.1 27.8
Net Receivables 140.7 165.5 125.9 128.4 126.6 114.6 107.2 98.1 93.0 105.6 100.3 98.7 91.4 114.7 112.8 103.8 94.1 110.7 87.5 80.2 73.7 82.2 52.1 45.0 54.0 46.6 45.3 48.4 33.0 35.2 21.7 13.9 13.0 20.8 10.6 9.0 7.7 11.2 8.2 9.4 9.1
Inventory 126.4 128.8 137.3 142.6 141.2 149.6 152.4 161.7 153.9 157.9 143.5 147.6 131.6 111.1 104.8 88.1 80.0 68.6 65.7 66.7 66.8 63.7 70.6 62.3 60.5 49.1 40.7 27.3 22.8 19.9 24.4 24.9 26.5 27.0 30.0 25.8 23.7 21.2 22.9 21.7 20.2
Other Current Assets 49.8 31.2 34.6 28.4 27.1 22.0 19.9 21.2 20.5 16.6 16.2 10.7 15.4 7.2 0 0 0 0 0 0 0 6.4 0 0 0 4.0 3.6 6.0 4.6 3.8 3.0 0 2.9 2.2 2.9 0 4.5 2 2 2 2
Total Current Assets 887.1 618.1 616.9 614.8 663.4 724.5 752.8 733.4 735.2 748.0 758.1 764.3 757.9 850.0 834.3 835.0 818.5 811.5 754.9 698.3 661.7 637.2 592.3 539.7 280.9 276.1 246.6 213.2 186.0 187.9 162.7 128.3 114.3 64.2 56.0 65.1 79.9 92.1 71.0 90.9 102.6
Non-Current Assets
Property, Plant & Equipment 179.0 179.8 176.3 175.9 180.2 163.5 168.5 166.9 165.8 164.3 165.2 164.8 179.3 179.2 189.4 185.6 181.0 77.9 79.3 80.4 83.7 69.8 70.6 65.9 60.6 48.5 44.6 40.4 27.3 17.2 17.6 18.2 18.9 19.6 20.3 21.7 20.9 18.4 17.4 16.2 15.9
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 11.7 0 0 0 0.9 0 0 0 2.8 0 0 0 4.6 0 0 0 6.6 0 0 0 8.8 0 0 0 0.8 0.9 1.0 1.0 1.1 1.2 1.3 1.4 1.5 1.5 1.6 1.7 1.8 1.9 1.9 2.0
Long-Term Investments 56.5 60.4 64.9 67.6 71.0 74.5 0 0 0 0 0 0 0 8.3 0 0 0 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 30.8 11.1 16.5 17.3 7.5 4.2 36.4 37.2 40.0 37.6 16.6 17.6 16.9 19.0 23.8 16.0 15.8 9.1 16.0 16.6 8.9 0.6 10.1 10.6 1.8 0.7 0.5 0.5 0.4 0.1 0.1 10.1 10.1 10.1 10.2 10.1 10.1 0.1 0.1 0.1 0.1
Total Non-Current Assets 266.3 263.0 257.7 260.9 258.7 243.2 204.9 204.1 205.9 204.7 181.8 182.4 196.2 202.8 213.2 201.5 196.8 93.6 95.3 97.0 92.6 79.2 80.7 76.6 62.5 50.0 46.0 41.9 28.7 18.4 18.9 29.7 30.4 31.2 32.0 33.4 32.8 20.3 19.3 18.3 18.1
Total Assets 1,153.4 881.1 874.7 875.7 922.1 967.7 957.7 937.5 941.0 952.7 939.9 946.7 954.1 1,052.8 1,047.5 1,036.6 1,015.3 905.1 850.3 795.2 754.3 716.4 673.0 616.2 343.3 326.1 292.6 255.1 214.7 206.3 181.6 158.0 144.7 95.3 88.0 98.5 112.7 112.4 90.3 109.2 120.6
Current Liabilities
Account Payables 59.9 47.1 47.5 55.8 59.8 44.7 48.8 47.8 48.1 49.6 46.1 57.1 55.2 55.7 61.5 50.7 45.3 28.0 27.0 27.5 28.2 17.8 20.5 16.4 21.8 17.7 16.3 9.3 11.2 6.8 6.2 3.6 3.8 5.2 7.6 6.6 4.9 7.5 5.6 6.8 6.0
Short-Term Debt 20.1 24.4 21.3 0 40.7 40.7 40.6 40.5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6.0 5.3 3.7 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 9.0 9.5 9.8 10.5 11.0 11.8 42.6 44.2 44.6 44.0 31.6 23.4 20.8 18.8 13.0 11.7 10.9 10.2 9.0 8.0 6.7 6.1 5.2 4.6 4.4 3.9 8.2 7.1 5.5 4.6 3.7 3.0 2.9 2.5 2.3 3.8 3.7 5.2 9.4 1.8 1.7
Other Current Liabilities 159.0 91.3 109.4 151.7 142.3 113.4 97.0 77.1 72.0 71.9 77.7 63.3 40.6 38.9 79.1 59.4 61.2 74.9 68.1 57.6 54.1 36.4 64.1 79.4 59.3 43.1 55.9 51.3 49.2 30.8 31.4 22.3 26.6 13.9 8.1 7.3 8.9 8.6 9.2 5.3 5.5
Total Current Liabilities 248.0 242.7 252.5 251.7 288.2 247.0 259.3 240.6 193.0 195.3 187.1 174.7 171.2 165.3 173.6 139.3 131.8 131.9 119.7 108.7 103.4 103.9 105.5 114.3 99.6 99.4 100.3 84.2 76.7 66.3 58.5 42.5 43.7 36.1 29.4 30.8 29.2 31.5 34.8 27.1 24.8
Non-Current Liabilities
Long-Term Debt 714.6 425.0 309.6 309.1 308.7 308.3 307.8 307.4 347.5 285.0 284.6 284.1 283.7 283.2 282.8 282.3 281.9 281.5 281.0 280.6 280.2 203.0 199.1 195.3 0 0 0 0 0 0 0 77.1 76.4 76.5 75.6 74.7 73.8 79.0 44.7 44.4 44.1
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 0 0 0 0 0 0
Other Non-Current Liabilities 58.4 (65.2) 52.4 52.1 37.1 32.4 32.2 32.5 32.5 31.8 24.1 25.0 23.8 23.9 23.0 17.2 17.4 17.8 34.3 32.5 28.3 27.4 23.9 21.3 17.0 17.7 10.1 8.9 6.4 8.7 7.6 12.4 12.7 11.9 10.9 11.3 11.6 7.9 5.6 5.7 5.8
Total Non-Current Liabilities 773.0 483.2 489.1 490.8 478.7 457.5 460.7 463.0 505.0 443.8 438.8 442.8 444.2 447.5 452.1 447.7 446.1 340.2 341.0 340.4 337.4 246.3 240.9 234.2 36.5 31.7 25.4 25.5 17.1 8.7 7.6 89.5 89.1 88.4 86.5 86.0 85.4 86.8 50.3 50.1 49.9
Total Liabilities 1,021.0 725.9 741.7 742.5 766.9 704.6 720.0 703.6 698.0 639.0 625.9 617.4 615.4 612.8 625.7 587.0 577.9 472.0 460.6 449.2 440.9 350.1 346.4 348.5 136.2 131.1 125.7 109.7 93.7 75.0 66.2 132.0 132.9 124.5 115.9 116.8 114.6 118.3 85.1 77.1 74.7
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 0.1 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 0.1 0.1 0.1 0.0 0.0 0.0 0.0
Retained Earnings (1,272.9) (1,252.5) (1,251.9) (1,230.8) (1,178.4) (1,047.8) (1,048.6) (1,025.3) (994.5) (951.8) (921.8) (888.8) (853.1) (729.2) (713.3) (664.4) (649.3) (634.6) (645.4) (651.2) (655.2) (659.2) (676.2) (666.8) (639.7) (624.8) (627.5) (624.6) (623.1) (600.1) (603.8) (569.5) (510.2) (477.6) (466.2) (450.2) (428.4) (404.6) (389.8) (359.9) (341.6)
Accumulated Other Comprehensive Income 5.0 5.6 5.2 3.7 0.1 (1.9) 3.9 (1.3) (0.9) 1.4 (2.2) (1.2) (0.1) (1.8) (5.1) (4.3) (3.1) (0.6) 0.0 0.0 0.1 0.2 0.2 0.0 (0.2) 0.1 0.1 0.2 0.0 (0.0) (0.0) 0.0 0 0 0 0 0 (0.0) (0.0) 0.0 0.0
Total Stockholders' Equity 132.4 155.2 133.0 133.3 155.3 263.1 237.7 233.9 243.1 313.6 314 329.2 338.8 439.9 421.8 449.6 437.4 433.1 389.7 346.1 313.4 366.3 326.5 267.7 207.2 195.0 167.0 145.3 121.0 131.3 115.4 26.0 11.8 (29.1) (28.0) (18.3) (1.9) (5.9) 5.2 32.1 45.9
Total Liabilities & Equity 1,153.4 881.1 874.7 875.7 922.1 967.7 957.7 937.5 941.0 952.7 939.9 946.7 954.1 1,052.8 1,047.5 1,036.6 1,015.3 905.1 850.3 795.2 754.3 716.4 673.0 616.2 343.3 326.1 292.6 255.1 214.7 206.3 181.6 158.0 144.7 95.3 88.0 98.5 112.7 112.4 90.3 109.2 120.6
Debt Metrics
Total Debt 734.7 564.3 449.3 449.0 493.2 473.6 475.9 477.1 477.5 415.7 418.2 420.3 420.4 419.9 422.0 422.1 419.2 314.7 316.0 317.2 318.6 228.3 226.4 222.3 27.9 20.4 21.2 21.9 14.4 0 0 77.1 76.4 76.5 75.6 74.7 73.8 79.0 44.7 44.4 44.1
Net Debt 555.4 473.7 357.3 384.9 439.6 404.3 426.9 429.4 418.6 356.8 338.6 289.5 292.6 247.4 298.2 307.1 325.5 243.5 203.6 218.7 197.8 133.7 96.9 (0.2) (46.6) (30.8) (24.9) (16.2) (26.1) (41.8) (32.3) 26.6 13.8 62.8 63.5 47.3 33.4 34.3 26.7 14.1 3.5
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 (20.4) (0.6) (21.2) (52.4) (130.6) 0.8 (23.3) (30.8) (42.7) (30.0) (33.0) (35.8) (123.9) (15.9) (49.0) (15.1) (14.7) 10.8 5.8 4.0 (5.0) 17 (9.4) (27.1) (14.9) 2.7 (2.9) (1.5) (23.0) 3.7 (34.2) (59.4) (32.7) (11.4) (16.0) (21.8) (23.8) (14.8) (29.8) (18.3) (20.5)
Depreciation & Amortization 3.8 4.5 4.5 4.4 4.3 4.2 4.2 4.5 4.0 4.0 4.0 4.3 3.4 3.6 3.5 3.6 3.6 3.5 3.4 3.4 3.5 7.3 3.0 2.2 1.8 1.6 1.5 1.5 1.4 1.5 1.5 1.4 1.5 2.1 1.7 1.6 1.4 1.5 1.3 1.4 1.3
Stock-Based Compensation 15.7 20.1 21.1 25.6 25.5 28.2 26.3 24.9 22.0 22.7 20.7 23.4 21.2 0 22.2 20.1 18.1 17.1 15.7 15.0 12.9 13.3 12.8 16.4 15.9 18.7 17.2 12.3 9.8 10.3 9.5 2.7 1.2 2.1 2.4 5.1 3.0 2.9 2.9 3.0 2.8
Change in Working Capital 3.7 (23.5) (2.9) 9.2 (5.8) (23.3) 15.1 (11.2) 4.9 (8.3) 6.0 (15.3) (0.1) (18.0) 13.8 (4.6) 4.2 (14.4) 7.5 5.4 15.8 (22.9) 0.4 9.4 (25.8) (4.8) 8.5 (9.9) (6.1) 0.8 0.9 4.6 2.1 (4.4) (8.3) (0.8) (2.6) (4.9) 5.3 0.0 (0.2)
Other Non-Cash Items 8.4 4.0 6.7 3.7 88.3 0.9 4.4 7.3 3.7 4.3 2.3 17.0 81.0 36.0 33.4 2.9 2.6 2.7 1.7 1.0 1.5 0.6 (2.5) 2.5 2.4 1.3 0.0 (0.0) 0.0 (0.0) 0.3 0.7 0.8 1.1 0.9 0.9 0.8 0.3 0.3 0.3 0.3
Operating Cash Flow 11.1 9.8 8.3 (9.5) (18.3) 10.7 26.8 (5.3) (8.0) (7.2) 0.1 (6.3) (18.3) 5.8 23.9 6.9 13.8 19.6 34.1 28.9 28.7 15.2 14.6 15.5 (20.6) 19.4 23.0 3.6 (4.1) 14.1 (3.5) (6.7) (12.3) (11.6) (19.0) (14.7) (20.8) (13.6) (18.2) (13.5) (15.9)
Investing Activities
Capital Expenditure (6.3) (6.7) (4.1) (6.2) (3.0) (3.1) (5.2) (6.5) (4.5) (27.5) (5.4) (7.9) (10.8) (5.6) (13.7) (12.1) (2.6) (5.7) (3.1) (11.1) (3.5) (4.1) (6.8) (14.6) (6.8) (6.7) (4.6) (6.8) (1.4) (0.9) (1.0) (0.6) (0.5) (1.4) (0.2) (1.4) (2.6) (2.7) (2.1) (2.1) (1.9)
Acquisitions 0 0 0 0 (43.5) 0 0 0 0 0 0 0 (69.5) (0.0) (25.7) 0 0 0 0 0 0 0 0.1 4.8 0 0 0 0 0 6.0 0 0 0 0 0 0 0 0 0 0 0
Purchases of Investments (216.1) 0 (29.5) (17.0) (9.4) (12.9) (73.6) 0 (84.2) (119.8) (155.5) (126.4) (109.1) (105.2) (132.8) (119) (110.7) (190.6) (157.3) (231.3) (154.3) 0 (165.0) (157.3) (9.7) (38.3) (52.1) (31.2) (42.9) (23.0) (60.0) (31.5) (9) 0 0 0 0 (4.7) (3.2) (9.2) (13.4)
Sales/Maturities of Investments 26.9 0 54.1 81.4 65.1 67.4 59.0 0 83.7 130.7 112.4 140 163.1 146.6 166.4 138.0 118.6 119.5 121.2 177.7 151.7 0 34 40.3 49.4 24.1 34.6 23.4 45.1 17.3 14.2 0 0 0 0 3.2 5.2 12.1 11.2 13 13.8
Other Investing Activities 0 (8.3) 0 0 0 (46.4) 0 2.9 0 (22.3) 0 (0.5) (2) (8.9) 0 0 0 0 0 (9.3) 0 (55.5) (0.1) (4.8) 0 0 (17.5) (7.9) 2.2 (6.0) (45.8) 4.2 (9) 0 0 3.2 5.2 7.3 8.0 3.8 0.3
Investing Cash Flow (195.4) (15.0) 20.5 58.1 9.2 5.0 (19.9) (3.5) (5.1) (16.6) (48.5) 5.7 (26.3) 35.8 (14.2) 6.4 5.2 (76.8) (39.2) (64.8) (6.1) (59.6) (137.8) (131.5) 32.9 (20.9) (22.2) (14.7) 0.8 (6.6) (46.8) (27.8) (9.5) (1.4) (0.2) 1.8 2.6 4.6 5.8 1.7 (1.6)
Financing Activities
Net Debt Issuance 275.9 0 0 (40.8) 0 0 0 9.4 44.9 0 0 0 0 0 0 0 0 0 0 0 0 (8.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 35 0 0 15.0
Stock Repurchased 0 0 0 0 0 0 0 (3.0) (30) 0 0 0 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
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 1.0 0 0 0 (9.4) 0.2 2.6 (0.1) 3.9 (0.5) 0 (0.4) (0.3) 0 0 18.9 13.6 3.6 18.0 29.9 263.8 11.5 0 7.0 8.8 2.0 2.0 (86.9) 22.5 6.5 0 0 0 (8) 0 0 0 0
Financing Cash Flow 274.2 2.6 (1.6) (39.7) (4.7) 2.3 (4.5) (3.0) 13.6 2.6 (1.9) 3.9 (0.5) 6.1 (0.8) 8.1 3.5 15.9 18.9 13.6 3.6 9.2 29.9 263.8 11.5 6.4 7.0 8.8 2.0 2.0 22.0 22.5 70.7 14.7 4.0 (0.2) 13.9 35.7 0.0 1.5 15.1
Cash Position
Net Change in Cash 88.7 (1.3) 27.8 10.5 (15.7) 20.2 1.3 (11.3) 0.1 (20.7) (51.1) 3.0 (44.8) 48.7 8.8 21.3 22.5 (41.2) 13.8 (22.2) 26.2 (34.9) (93.0) 148.0 23.3 5.1 7.9 (2.3) (1.4) 9.5 (28.2) (12.0) 48.9 1.6 (15.3) (13.0) (4.3) 26.7 (12.3) (10.4) (2.5)
Cash at Beginning 90.6 91.9 64.1 53.6 69.2 49.0 47.7 59.0 58.9 79.6 130.8 127.8 172.5 123.8 115.0 93.7 71.2 112.4 98.6 120.8 94.6 129.5 222.5 74.5 51.2 46.1 38.2 40.4 41.8 32.3 60.5 72.6 23.7 12.1 27.4 40.3 44.7 18.0 30.2 40.6 43.1
Cash at End 179.3 90.6 91.9 64.1 53.6 69.2 49.0 47.7 59.0 58.9 79.6 130.8 127.8 172.5 123.8 115.0 93.7 71.2 112.4 98.6 120.8 94.6 129.5 222.5 74.5 51.2 46.1 38.2 40.4 41.8 32.3 60.5 72.6 13.7 12.1 27.4 40.3 44.7 18.0 30.2 40.6
Free Cash Flow 4.8 3.1 4.2 (15.7) (21.2) 7.6 21.5 (11.7) (12.5) (34.7) (5.3) (14.2) (29.2) 0.2 10.2 (5.2) 11.2 13.9 31.0 17.7 25.2 11.1 7.7 0.9 (27.4) 12.7 18.4 (3.2) (5.5) 13.2 (4.5) (7.3) (12.8) (13.1) (19.3) (16.1) (23.5) (16.3) (20.3) (15.6) (17.9)
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 247.2 290.4 249.3 240.7 234.4 282.6 363.3 221.9 191.7 196.8 185.6 195.9 169.4 220.5 204.5 200.3 175.9 210.0 179.6 172.1 141.0 168.1 123.6 109.2 97.9 108.4 94.7 93.3 66.0 76.2 46.3 34.1 27.3 40.3 27.0 21.3 19.0 28.9 12.3 23.0 20.1 29.1 15.7 15.7 12.3 17.9 13.5 10.3 8.1 10.2 7.8 5.5 5.5 2.3 0.2
Gross Profit 136.8 167.5 134.3 125.9 118.4 157.5 124.7 112.8 94.7 93.3 89.8 101.7 82.9 115.5 104.4 101.9 91.1 113.7 96.7 92.5 73.3 90.6 65.3 54.4 50.3 60.3 50.7 49.9 33.4 41.5 21.8 15.1 11.4 17.5 11.9 8.0 6.8 10.1 (1.6) 8.2 6.9 13.5 5.5 4.8 2.8 6.5 4.4 3.4 0.9 1.2 2.5 0.4 2.0 (0.4) (0.9)
Operating Income (17.4) 8.3 (20.1) (51.8) (120.9) (0.6) (26.1) (30.8) (41.7) (35.1) (31.5) (38.8) (127.8) (17.8) (47.5) (12.2) (15.3) 12.7 7.7 5.4 (3.2) 18.7 (1.0) (12.0) (13.6) 2.1 (6.0) (1.9) (11.0) 0.6 (15.7) (14.0) (15.5) (9.6) (13.2) (19.0) (21.2) (13.3) (28.4) (17.1) (19.2) (11.2) (18.7) (18.7) (20.4) (17.5) (19.0) (18.3) (20.8) (16.5) (12.1) (13.7) (7.2) (8.4) (9.5)
Net Income (20.4) (0.6) (21.2) (52.4) (130.6) 0.8 (23.3) (30.8) (42.7) (30.0) (33.0) (35.8) (123.9) (15.9) (49.0) (15.1) (14.7) 10.8 5.8 4.0 (5.0) 17 (9.4) (27.1) (14.9) 2.7 (2.9) (1.5) (23.0) 3.7 (34.2) (59.4) (32.7) (11.4) (16.0) (21.8) (23.8) (14.8) (29.8) (18.3) (20.5) (12.1) (19.6) (19.5) (21.2) (18.5) (19.9) (19.2) (22.0) (23.6) (13.1) (15.3) (11.2) (8.6) (7.5)
EPS (Diluted) -0.30 -0.01 -0.31 -0.78 -1.97 0.01 -0.35 -0.47 -0.65 -0.46 -0.51 -0.55 -1.92 -0.25 -0.76 -0.23 -0.23 0.16 0.09 0.06 -0.08 0.22 -0.15 -0.45 -0.25 0.04 -0.05 -0.03 -0.40 0.02 -0.62 -1.17 -1.82 -1.23 -3.09 -4.36 -7.46 -4.80 -9.73 -6.01 -6.76 -4.01 -6.52 -6.53 -8.31 -7.83 -8.48 -8.31 -9.58 -10.30 -6.11 -12.20 -8.90 -6.82 -5.99
Balance Sheet
Cash & Equivalents 179.3 90.6 91.9 64.1 53.6 69.2 49.0 47.7 59.0 58.9 79.6 130.8 127.8 172.5 123.8 115.0 93.7 71.2 112.4 98.6 120.8 94.6 129.5 222.5 74.5 51.2 46.1 38.2 40.4 41.8 32.3 50.5 62.6 13.7 12.1 27.4 40.3 44.7 18.0 30.2 40.6
Total Assets 1,153.4 881.1 874.7 875.7 922.1 967.7 957.7 937.5 941.0 952.7 939.9 946.7 954.1 1,052.8 1,047.5 1,036.6 1,015.3 905.1 850.3 795.2 754.3 716.4 673.0 616.2 343.3 326.1 292.6 255.1 214.7 206.3 181.6 158.0 144.7 95.3 88.0 98.5 112.7 112.4 90.3 109.2 120.6
Total Debt 734.7 564.3 449.3 449.0 493.2 473.6 475.9 477.1 477.5 415.7 418.2 420.3 420.4 419.9 422.0 422.1 419.2 314.7 316.0 317.2 318.6 228.3 226.4 222.3 27.9 20.4 21.2 21.9 14.4 0 0 77.1 76.4 76.5 75.6 74.7 73.8 79.0 44.7 44.4 44.1
Stockholders' Equity 132.4 155.2 133.0 133.3 155.3 263.1 237.7 233.9 243.1 313.6 314 329.2 338.8 439.9 421.8 449.6 437.4 433.1 389.7 346.1 313.4 366.3 326.5 267.7 207.2 195.0 167.0 145.3 121.0 131.3 115.4 26.0 11.8 (29.1) (28.0) (18.3) (1.9) (5.9) 5.2 32.1 45.9
Cash Flow
Operating Cash Flow 11.1 9.8 8.3 (9.5) (18.3) 10.7 26.8 (5.3) (8.0) (7.2) 0.1 (6.3) (18.3) 5.8 23.9 6.9 13.8 19.6 34.1 28.9 28.7 15.2 14.6 15.5 (20.6) 19.4 23.0 3.6 (4.1) 14.1 (3.5) (6.7) (12.3) (11.6) (19.0) (14.7) (20.8) (13.6) (18.2) (13.5) (15.9)
Capital Expenditure (6.3) (6.7) (4.1) (6.2) (3.0) (3.1) (5.2) (6.5) (4.5) (27.5) (5.4) (7.9) (10.8) (5.6) (13.7) (12.1) (2.6) (5.7) (3.1) (11.1) (3.5) (4.1) (6.8) (14.6) (6.8) (6.7) (4.6) (6.8) (1.4) (0.9) (1.0) (0.6) (0.5) (1.4) (0.2) (1.4) (2.6) (2.7) (2.1) (2.1) (1.9)
Free Cash Flow 4.8 3.1 4.2 (15.7) (21.2) 7.6 21.5 (11.7) (12.5) (34.7) (5.3) (14.2) (29.2) 0.2 10.2 (5.2) 11.2 13.9 31.0 17.7 25.2 11.1 7.7 0.9 (27.4) 12.7 18.4 (3.2) (5.5) 13.2 (4.5) (7.3) (12.8) (13.1) (19.3) (16.1) (23.5) (16.3) (20.3) (15.6) (17.9)