Xencor, Inc. logo XNCR - Xencor, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
1
BUY 23
HOLD 2
SELL 1
STRONG
SELL
0
| PRICE TARGET: $26.00 DETAILS
HIGH: $26.00
LOW: $26.00
MEDIAN: $26.00
CONSENSUS: $26.00
UPSIDE: 129.89%
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 4.5 28.2 21.0 43.6 32.7 70.0 17.8 17.0 16.0 51.0 59.2 45.5 19.0 21.6 27.3 30.2 85.5 154.0 19.7 67.4 34.0 41.9 35.4 13.1 32.4 3.5 21.8 19.5 111.9 11.6 29.0 0 0 10.9 7.1 13.3 4.3 6.4 7.8 66.0 7.3 21.8 3.5 1.0 1.5 5.7 0.8 0.8 2.2 1.7 3.2 3.9 1.3 2.4 1.6
Cost of Revenue 2.6 2.6 0 2.7 2.7 0 0 3.0 0 3.2 64.9 60.1 65.6 51.5 53.3 47.1 47.8 51.0 50.6 49.5 41.4 47.9 44.5 43.5 33.9 27.3 29.8 33.3 28.2 27.1 21.0 23.3 26.1 0.0 19.4 16.9 15.0 13.4 14.1 14.4 10.0 10.9 10.6 7.5 5.2 5.1 5.0 4.3 4.2 4.1 4.2 4.1 4.6 3.9 3.0
Gross Profit 1.9 25.7 21.0 41.0 30.0 70.0 17.8 13.9 16.0 47.7 (5.8) (14.5) (46.6) (29.8) (26.0) (16.9) 37.7 103.0 (30.9) 17.9 (7.4) (6.1) (9.1) (30.4) (1.6) (23.8) (8.0) (13.8) 83.8 (15.6) 8.1 (23.3) (26.1) 10.9 (12.3) (3.6) (10.7) (6.9) (6.2) 51.6 (2.8) 10.9 (7.1) (6.5) (3.7) 0.6 (4.1) (3.5) (2.0) (2.4) (1.0) (0.2) (3.2) (1.5) (1.5)
Operating Expenses
R&D Expenses 64.7 64.8 54.4 61.7 58.6 51.1 58.2 61.5 56.9 63.0 64.9 60.1 65.6 51.5 53.3 47.1 47.8 51.0 50.6 49.5 41.4 47.9 44.5 43.5 33.9 27.3 29.8 33.3 28.2 27.1 21.0 23.3 26.1 20.4 19.4 16.9 15.0 13.4 14.1 14.4 10.0 10.9 10.6 7.5 5.2 5.1 5.0 4.3 4.2 4.1 4.2 4.1 4.6 3.9 3.0
SG&A Expenses 17.7 17.0 14.2 15.1 17.3 14.9 14.8 14.7 13.8 12.0 12.5 11.5 14.2 11.2 12.4 11.1 11.3 10.4 10.4 8.9 8.2 7.1 7.6 7.2 7.2 6.5 6.3 5.8 5.5 5.5 7.4 5.0 4.6 4.4 4.2 4.1 4.8 3.1 3.0 3.0 4.0 3.4 3.2 2.5 2.8 2.0 2.2 1.6 1.7 1.3 0.8 0.8 0.7 1.0 0.5
Other Expenses (2.6) (2.6) 0 (2.7) (2.7) 0 0 0 0 1.4 (64.9) (60.1) (65.6) (49.9) (53.3) (47.1) (47.8) (50.1) (50.6) (49.5) (41.4) (47.4) (44.5) (43.5) (33.9) (27.1) 0.0 3.6 (0.2) 2.9 2.5 2.4 0.0 0 1.1 0.0 0 0.8 0.0 0 0.0 0.3 0.3 (0.2) 0.0 0.0 0.0 0.0 0 0.0 0.0 0.0 0.0 0.1 0.0
Operating Expenses 79.8 79.3 68.5 74.1 73.2 66.0 73.0 76.3 70.7 76.5 12.5 11.5 14.2 12.8 12.4 11.1 11.3 11.4 10.4 8.9 8.2 7.6 7.6 7.2 7.2 6.7 36.0 39.1 33.7 32.6 28.4 28.3 30.6 24.8 23.6 21.0 19.9 16.5 17.1 17.5 14.0 14.3 13.8 10 8.0 7.0 7.1 5.9 6.0 5.5 5.0 4.9 5.3 4.9 3.6
Operating Income
Operating Income (77.9) (53.6) (47.5) (33.2) (43.2) 4.0 (55.2) (62.3) (54.7) (28.7) (18.3) (26.0) (60.7) (42.6) (38.3) (28) 26.5 91.7 (41.3) 9.1 (15.7) (13.7) (16.7) (37.6) (8.8) (30.6) (14.3) (19.6) 78.2 (21.1) 0.7 (28.3) (30.6) (13.9) (16.5) (7.7) (15.5) (10.0) (9.3) 48.6 (6.7) 7.4 (10.3) (9.0) (6.5) (1.4) (6.3) (5.1) (3.8) (3.7) (1.8) (1.0) (4.0) (2.5) (2.0)
Interest Expense 4.7 7.4 7.7 8.2 8.7 33.9 0.8 0.8 9.7 6.2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0.0 0.0 0.0 0.0 0.0 0.0 0 0.0 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 0.7 0.7 0.6
Interest Income 5.5 6.2 6.5 7.2 7.5 8.2 7.5 7.7 8.5 7.7 5.0 3.8 2.9 2.1 1.4 0.7 0.7 0.3 0.2 0.1 0.2 0.7 1.4 2.1 3.0 3.4 3.7 3.6 2.9 2.8 2.6 2.5 1.2 1.1 1.0 1.0 1.1 0.8 0.6 0.4 0.4 0.8 0.7 0.3 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0 0.0
Profitability
EBITDA (75.3) 5.7 4.2 (20.2) (36.9) (15.7) (35.4) (63.4) (61.4) (3.2) (15.1) (23.1) (58.5) (38.9) (36.1) (25.8) 28.6 94.7 (39.3) 10.8 (14.0) (11.6) (15.3) (36.2) (7.4) (29.1) (13.2) (18.6) 81.9 (17.3) 1.5 (27.5) (29.9) (12.3) (23.0) (6.2) (14.1) (8.8) (8.3) 48.9 (6.5) 9.0 (10.0) (8.7) (6.2) (1.1) (6.2) (4.9) (3.4) (1.1) (1.7) (49.4) (3.8) (2.4) (1.9)
EBIT (77.9) 3.1 1.6 (22.8) (39.6) (18.7) (38.4) (66.4) (64.4) (6.5) (18.3) (26.0) (60.7) (41.1) (38.3) (28) 26.5 92.6 (41.3) 9.1 (15.7) (13.2) (16.7) (37.6) (8.8) (30.4) (14.3) (19.6) 80.9 (18.2) 0.7 (28.3) (30.6) (12.9) (23.6) (7.4) (15.3) (9.2) (8.7) 48.9 (6.4) 7.8 (10.0) (8.9) (6.4) (1.3) (6.3) (5.0) (3.7) (3.7) (1.8) (49.6) (4.0) (2.5) (2.0)
Income Before Tax (128.6) (4.3) (6.0) (31.1) (48.3) (52.6) (47.4) (67.3) (74.1) (12.6) (24.3) (22.0) (60.8) (11.6) (31.7) (34.0) 23.6 73.1 (40.2) 52.2 (2.5) (13.7) (12.6) (35.0) (8.1) (26.6) (10.6) (16.0) 80.9 (18.2) 3.1 (25.9) (29.5) (12.9) (15.4) (6.6) (14.5) (9.2) (8.7) 48.9 (6.4) 7.8 (10.0) (8.9) (6.4) (1.4) (6.3) (5.0) (3.8) (3.7) (1.8) (50.1) (4.6) (3.1) (2.6)
Income Tax Expense 0.3 2.4 0 (0.2) 0.4 1.5 0 0.1 0 13.7 0 0 0 0.4 1.1 0 0 0 0 0 0 0 0 0 0 0.3 (0.3) 0.1 0.9 0 0 0 0.0 (1.1) 0.2 0.3 0.2 (0.2) (0.6) 1.7 0.0 0 0 0 0 (0.3) 0.0 0 0.0 (0.3) (0.0) 0 0 0.7 0.7
Net Income (128.9) (6.7) (6.0) (30.8) (48.4) (53.5) (46.3) (66.0) (73.4) (26.1) (24.3) (22.0) (60.8) (12.0) (32.8) (34.0) 23.6 73.1 (40.2) 52.2 (2.5) (13.7) (12.6) (35.0) (8.1) (26.9) (10.2) (16.0) 80.0 (18.2) 3.1 (25.9) (29.5) (11.8) (15.6) (6.9) (14.6) (9.1) (8.1) 47.2 (6.4) 7.8 (10.0) (8.9) (6.4) (1.4) (6.3) (5.0) (3.8) (3.7) (1.8) (50.1) (4.6) (3.1) (2.6)
Per Share Data
EPS (Basic) -1.71 -0.09 -0.08 -0.41 -0.66 -0.73 -0.71 -1.07 -1.11 -0.43 -0.40 -0.37 -1.00 -0.20 -0.55 -0.67 0.40 1.25 -0.69 0.90 -0.04 -0.24 -0.22 -0.61 -0.14 -0.47 -0.18 -0.28 1.42 -0.33 0.06 -0.46 -0.62 -0.25 -0.33 -0.15 -0.31 -0.21 -0.20 1.16 -0.16 0.19 -0.25 -0.22 -0.19 -0.04 -0.20 -0.16 -0.12 -0.12 -0.06 -3.00 -0.28 -0.19 -0.16
EPS (Diluted) -1.71 -0.09 -0.08 -0.41 -0.66 -0.73 -0.71 -1.07 -1.11 -0.43 -0.40 -0.37 -1.00 -0.20 -0.55 -0.67 0.39 1.21 -0.69 0.87 -0.04 -0.24 -0.22 -0.61 -0.14 -0.47 -0.18 -0.28 1.38 -0.32 0.05 -0.46 -0.62 -0.25 -0.33 -0.15 -0.31 -0.21 -0.20 1.13 -0.16 0.19 -0.25 -0.22 -0.19 -0.04 -0.20 -0.16 -0.12 -0.12 -0.06 -3.00 -0.28 -0.19 -0.16
Shares Outstanding 75.2 74.2 74.4 74.3 73.7 73.2 64.0 61.7 61.2 60.8 60.6 59.8 59.8 59.9 59.7 59.6 59.4 58.3 58.2 58.2 58.0 56.9 57.0 57.1 56.9 56.8 56.6 56.4 56.3 55.1 56.0 55.7 47.6 47.0 46.9 46.8 46.6 42.6 40.4 40.8 40.6 40.5 40.1 40.3 34.3 31.4 31.4 31.4 31.4 31.4 29.4 16.7 16.7 16.7 16.7
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 14.2 54.1 28.3 44.4 39.7 40.9 29.0 30.8 31.0 53.8 52.7 34.7 72.4 53.9 52.7 49.4 78.3 143.5 41.2 115.8 177.0 163.5 58.1 109.5 73.8 50.3 51.2 32.6 21.9 26.2 35.0 35.3 251.6 16.5 13.6 11.2 13.6 14.5 14.8 7.9 8.2
Short-Term Investments 430.8 493.7 442.8 399.4 429.9 456.9 513.9 477.6 504.9 539.9 441.8 516.7 515.6 569.1 547.6 462.5 311.5 190.6 247.0 334.2 375.0 439.5 493.1 476.7 500.1 476.8 495.3 472.6 318.5 268.1 236.6 220.1 210.8 207.6 196.3 177.3 141.2 115.6 89.5 83.2 84.2
Net Receivables 12.0 29.3 21.8 47.6 37.8 60.8 10.2 22.1 22.2 23.7 55 20.0 19.9 29.0 44.9 54.3 93.2 66.4 20.5 15.3 25.0 23.9 9.5 9.7 6.8 24.8 19.8 10.5 138.9 10.2 2.5 2.0 1.9 1.1 0.8 14.9 6.9 8.6 3.1 150.4 0.6
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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 25.9 22.8 25.6 21.7 13.9 19.0 20.1 24.0 0 18.1 0 0 0 23.3 0 0 0 0 0 0 0 0 0 0 0.9 6.5 0 0 0 0.8 0.8 0 0 5.6 7.0 7.6 4.4 2.9 3.4 0 0
Total Current Assets 482.9 599.8 518.4 513.1 521.3 577.6 573.3 554.5 574.8 635.6 571.2 593.6 630.0 675.3 668.0 585.9 506.0 424.4 329.6 481.0 591.2 637.7 570.9 603.4 588.1 558.4 573.8 527.0 488.7 315.7 286.9 269.5 470.9 230.9 217.8 211.0 166.1 141.7 110.8 243.7 94.9
Non-Current Assets
Property, Plant & Equipment 88.3 90.9 93.0 93.8 96.5 98.1 101.2 103.4 103.8 100.1 102.8 101.0 100.4 93.6 70.7 70.3 59.3 60.0 24.2 23.1 22.3 32.3 19.8 24.7 16.8 25.2 13.9 12.1 11.5 11.8 9.7 9.4 8.9 7.1 6.1 3.9 3.4 3.1 3.0 2.5 2.5
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 7.6 8.4 9.5 11.3 13.4 18.5 17.9 18.8 18.9 18.7 18.7 18.7 18.2 18.5 18.1 17.9 16.7 16.5 16.7 16.4 15.6 16.0 15.3 15.2 14.6 14.4 14.0 13.5 12.7 12.0 11.7 11.5 11.3 11.1 11.0 10.9 10.9 10.4 10.6 10.4 10.1
Long-Term Investments 157.6 175.9 247.4 260.4 272.8 256.8 290.3 149.0 198.5 209.7 84.6 64.2 54.2 58.2 72.8 171.5 270.3 331.7 293.3 170.8 53.3 17.1 31.8 1.1 38.2 71.5 74.0 121.0 172.5 236.1 276.2 300.0 120.1 139.2 163.1 190.2 237.9 273.3 197.6 77.7 86.4
Other Non-Current Assets 0.5 0.5 0.5 0.8 0.8 0.9 0.9 0.5 0.9 1.0 1.0 0.6 0.6 0.6 5.6 5.6 5.6 0.7 33.5 4.4 10.4 0.2 8.6 0.3 9.2 0.7 10.2 10.7 11.3 0.3 0.3 0.3 0.3 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.1
Total Non-Current Assets 254.0 275.7 350.4 366.3 383.4 374.3 410.3 271.7 322.0 329.5 207.3 184.6 173.4 170.9 167.3 265.4 352.0 413.8 367.6 214.6 101.6 65.6 75.5 41.3 78.9 111.8 112.5 157.7 208.3 261.0 298.7 321.9 141.4 159.2 180.4 205.2 252.2 286.9 211.3 90.6 99.1
Total Assets 736.8 875.5 868.8 879.4 904.7 951.9 983.6 826.2 896.9 965.1 778.4 778.1 803.4 846.3 835.3 851.3 857.9 838.2 697.3 695.6 692.7 703.2 646.3 644.7 667.0 670.2 686.2 684.8 697.0 576.7 585.6 591.5 612.3 390.1 398.3 416.2 418.3 428.6 322.1 334.3 194.0
Current Liabilities
Account Payables 7.9 10.8 9.1 18.5 16.2 16.8 18.8 15.8 16.0 13.9 15.0 14.1 15.3 10.1 14.6 15.7 11.9 14.0 9.1 7.1 7.7 9.0 13.1 10.5 10.3 10.2 8.3 9.0 5.5 3.8 6.0 4.9 8.5 6.9 6.6 7.4 4.3 3.9 7.3 7.7 4.3
Short-Term Debt 30.4 46.5 49.3 0 0 48.4 7.7 6.9 34.2 27.7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2.2 2.2 2.2 2.0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 37.9 36.5 0 0 0 0 0 30.3 0 0 0 37.3 12.9 0 0 92.6 0 44.7 0 45.2 45.6 45.5 59.2 40.1 40.1 60.1 60.1 88.8 89.1 95.6 95.8 95.5 96.3 103.1 27.5
Other Current Liabilities 34.3 0 28.1 50.3 52.5 0 0 0 5.3 0 9.2 7.9 30.1 0 35.6 35.3 35.5 0 0 19.2 77.8 0 43.8 0 46.2 9.0 (4.4) (4.4) (4.0) 0.3 0.3 0.2 0.2 0.2 0 0 0.1 0.2 0.1 0.1 0.1
Total Current Liabilities 73.5 95.9 86.5 96.1 88.4 87.4 92.0 80.1 71.1 73.9 53.0 44.6 65.1 63.8 90.0 75.0 60.9 70.7 44.3 46.0 99.9 121.1 70.5 66.4 65.9 66.6 64.3 63.7 73.3 53.9 52.0 71.2 73.4 101.3 100.3 107.4 106.9 106.3 110.7 116.0 34.3
Non-Current Liabilities
Long-Term Debt 82.1 76.5 87.8 0 0 115.2 10.2 12.3 150.9 161.8 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 3.0 2.8 3.9 98.4 112.2 10.0 94.1 104.1 8.3 (116.8) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1.2 1.3 1.1 1.2 1.1 1.2 0.6 0.4 0.4 0.4 0.4 0.5
Total Non-Current Liabilities 147.8 144.0 157.0 163.0 176.4 190.5 170.8 183.6 226.0 229.1 56.4 54.6 54.8 54.9 22.5 33.9 34.0 34.0 34.1 2.7 9.2 9.7 7.4 7.6 8.0 10.5 11.7 12.9 14.1 1.2 1.3 1.1 1.2 6.7 7.4 7.4 7.7 8.3 9.0 9.7 0.9
Total Liabilities 221.2 239.9 243.5 259.1 264.8 277.9 262.7 263.6 297.1 303.0 109.4 99.2 119.8 118.8 112.6 109.0 94.9 104.7 78.4 48.7 109.1 130.8 77.9 74.1 74.0 77.0 76.0 76.7 87.4 55.1 53.3 72.3 74.6 108.1 107.7 114.8 114.6 114.6 119.7 125.7 35.1
Stockholders' Equity
Common Stock 0.7 0.7 0.7 0.7 0.7 0.7 0.7 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.5 0.4 0.4 0.4
Retained Earnings (924.9) (796.0) (789.3) (783.3) (752.5) (704.0) (643.5) (598.4) (544.9) (471.4) (445.3) (421.0) (399.0) (338.3) (326.2) (293.5) (259.5) (283.1) (356.2) (316.0) (368.2) (365.7) (352.0) (339.5) (304.5) (296.4) (269.5) (259.3) (243.2) (323.3) (305.1) (308.2) (282.4) (287.3) (275.4) (259.9) (253.0) (238.0) (228.9) (220.8) (268.0)
Accumulated Other Comprehensive Income 0.0 1.6 1.2 0.3 0.4 (0.7) 1.8 (0.7) (0.2) 1.3 (0.7) (1.9) (3.6) (7.0) (9.9) (8.9) (7.1) (1.5) (0.1) (0.0) 0.1 0.1 0.6 1.5 1.1 1.2 1.4 1.6 0.3 (1.0) (2.3) (2.0) (2.2) (1.8) (1.1) (1.2) (1.2) (1.4) (0.2) 0.2 0.1
Total Stockholders' Equity 515.6 635.6 625.3 620.4 639.9 677.6 723.8 564.3 600.1 661.8 669.0 678.9 683.6 727.5 722.7 742.3 763.0 733.5 618.9 646.9 583.6 572.4 568.5 570.6 593.0 593.2 610.2 608.1 609.6 521.7 532.3 519.2 537.7 282.0 290.5 301.4 303.7 314.0 202.4 208.6 158.8
Total Liabilities & Equity 736.8 875.5 868.8 879.4 904.7 951.9 983.6 826.2 896.9 965.1 778.4 778.1 803.4 846.3 835.3 851.3 857.9 838.2 697.3 695.6 692.7 703.2 646.3 644.7 667.0 670.2 686.2 684.8 697.0 576.7 585.6 591.5 612.3 390.1 398.3 416.2 418.3 428.6 322.1 334.3 194.0
Debt Metrics
Total Debt 175.2 187.7 202.4 67.9 67.8 232.0 86.6 87.7 254.0 251.9 60.8 58.8 59.2 59.6 43.1 41.6 34.9 34.0 34.2 5.0 11.1 11.6 9.5 9.7 10.2 10.7 11.3 11.9 12.2 0 0 0 0 0 0 0 0 0 0 0 0
Net Debt 161.0 133.7 174.1 23.5 28.1 191.1 57.6 56.9 223.0 198.2 8.0 24.1 (13.2) 5.7 (9.6) (7.8) (43.4) (109.5) (7.0) (110.8) (165.8) (151.9) (48.6) (99.8) (63.6) (39.6) (39.9) (20.7) (9.7) (26.2) (35.0) (35.3) (251.6) (16.5) (13.6) (11.2) (13.6) (14.5) (14.8) (7.9) (8.2)
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 (128.9) 85.5 (6.0) (30.8) (48.4) (54.1) (48.4) (68.8) (68.0) (26.1) (24.3) (22.0) (60.8) (12.0) (32.8) (34.0) 23.6 73.1 (40.2) 52.2 (2.5) (13.7) (12.6) (35.0) (8.1) (26.9) (10.2) (16.0) 80.0 (18.2) 3.2 (25.9) (29.5) (11.8) (15.6) (6.9) (14.6) (9.1) (8.1) 47.2 (6.4)
Depreciation & Amortization 2.6 2.6 2.6 2.7 2.7 3.0 3.1 3.0 3.0 3.2 3.1 2.9 2.2 2.2 2.2 2.2 2.2 2.1 2.0 1.8 1.6 1.5 1.4 1.4 1.4 1.2 1.1 1.0 1.0 0.9 0.8 0.8 0.7 0.6 0.6 0.5 0.4 0.5 0.4 0.3 0.3
Stock-Based Compensation 0 10.2 10.1 10.7 0 12.3 12.3 17.2 11.4 0 12.9 13.6 12.6 12.7 12.8 12.6 10.8 10.4 8.9 9.3 8.3 8.6 8.3 8.2 6.5 7.2 9.5 9.3 5.9 5.1 6.1 4.9 4.5 3.4 3.6 3.4 3.2 2.0 1.9 2.0 2.0
Change in Working Capital (2.9) 8.1 20.2 (6.1) 25.3 (13.9) 24.0 (19.6) (15.2) 53.2 (26.4) (20.0) 12.4 6.8 21.7 55.6 (35.2) (21.0) (10.2) (45.9) (25.5) 35.8 1.6 (1.7) 12.4 (0.2) (5.4) 116.1 (105.1) (4.3) (20.2) (8.2) (0.4) 0.2 7.1 (10.7) (0.3) (10.1) 139.3 (59.4) (10.6)
Other Non-Cash Items 61.6 (158.1) (57.6) (12.8) 4.2 (2.9) (17.0) 0.9 13.5 (12.1) 7.4 (12.7) 2.9 (34.1) (5.1) 7.9 4.4 (2.8) 0.4 (27.1) (11.9) (16.7) (2.7) (0.6) (4.6) (0.9) (1.4) (1.2) (0.5) (0.3) (0.2) (0.0) 0.5 0.9 0.8 0.9 0.7 0.8 0.6 0.5 0.4
Operating Cash Flow (67.6) (51.7) (30.8) (36.4) (16.2) (55.6) (26.0) (67.3) (55.3) 18.2 (27.3) (38.2) (30.6) (24.4) (1.2) 44.3 5.8 61.8 (39.0) (9.7) (30.0) 17.1 (3.9) (27.7) 9.5 (19.6) (6.5) 109.2 (18.7) (16.8) (10.3) (28.4) (24.2) (6.7) (3.5) (12.8) (10.7) (15.8) 134.1 (9.4) (14.3)
Investing Activities
Capital Expenditure (0.6) (1.1) (0.2) (0.4) (1.4) (2.7) (2.1) (3.6) (1.1) (1.0) (3.4) (4.9) (11.2) (10.9) (14.9) (14.6) (3.0) (6.3) (3.8) (3.5) (2.0) (4.2) (5.4) (1.6) (2.6) (3.7) (3.3) (2.6) (1.5) (3.4) (1.4) (1.6) (2.7) (1.9) (3.0) (1.2) (1.2) (0.6) (1.2) (0.6) (0.7)
Acquisitions 0 1.7 0 0 (1.7) 0 0 0 0 0.5 0 0 0 0 0 0 0 0.0 0 0 0 1.1 0.7 0.9 0.5 0.8 0.8 1.1 1.1 0.6 0.4 0.5 (0.4) 0.4 0.4 0.4 0.7 0.3 0.4 0 0.3
Purchases of Investments (72.7) (37.9) (84.2) (72.9) (103.9) (54.2) (281.7) (122.6) (136.5) (338.4) (167.8) (181.5) (95.2) (70.9) (110.9) (117.4) (88.8) (120.9) (157.2) (147.3) (84.1) (166.3) (175.0) (159.8) (142.5) (144.7) (107.7) (194.6) (49.9) (46.7) (45.3) (254.1) (31.7) (27.3) (15.8) (26.5) (7.0) (114.0) (195.0) 9.2 (16.3)
Sales/Maturities of Investments 100.0 100.7 99.1 108.4 119.0 114.1 120.4 192.3 169.9 137 216.5 185.0 154.6 101.3 128.9 56.4 20 141.3 122.1 97.5 124.2 249.4 129.8 220.8 157.7 164.1 133.1 94.8 65.0 57.0 52.6 65.5 47.0 38.2 23.7 37.0 16.9 10.3 68.5 0 26.7
Other Investing Activities 0 7.7 0 5.4 0 (1.0) (2.4) (0.6) 0 0 (0.6) (1.1) (0.4) 4.1 (0.8) (2.3) (0.9) (5.8) (1.0) (1.2) (0.1) (1.1) (0.7) (0.9) (0.5) (0.8) (0.8) (1.1) (1.1) (0.6) (0.4) (0.5) 0.5 (0.4) (0.4) (0.4) (0.7) (0.3) (0.4) 8.8 (0.3)
Investing Cash Flow 26.7 71.2 14.7 40.5 11.9 57.3 (163.5) 66.0 32.3 (202.6) 45.3 (1.4) 48.1 24.5 3.1 (75.6) (71.8) 7.9 (38.8) (53.3) 38.0 78.8 (50.6) 59.4 12.6 15.7 22.1 (102.4) 13.7 6.9 5.9 (190.2) 12.7 8.9 4.9 9.4 8.7 (104.3) (127.7) 8.6 9.7
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 0 (1.6) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 0 0 0 0.9 0 0 0 0.9 0 0 0 0.5 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 0 0 10.2 (2.1) 1.1 0 183.3 0.4 1.9 0.9 1.2 1.3 2.5 0.7 0 3.2 1.8 5.3 9.6 3.0 4 1.5 3.0 3.0 4.0 0.7 1.2 4.2 2.3 (13.6) 0.6 1.0 1.1 1.0 119.8 0.5 0.5 0.2
Financing Cash Flow 0.9 6.3 0 0.7 3.0 10.2 187.7 1.1 0.2 185.5 0.4 1.9 0.9 1.2 1.3 2.5 0.7 32.6 3.2 1.8 5.3 9.6 3.0 4 1.5 3.0 3.0 4.0 0.7 1.2 4.2 2.3 246.6 0.6 1.0 1.1 1.0 119.8 0.5 0.5 0.2
Cash Position
Net Change in Cash (39.9) 25.8 (16.1) 4.8 (1.2) 11.8 (1.7) (0.3) (22.8) 1.1 18.4 (37.7) 18.5 1.3 3.2 (28.9) (65.2) 102.3 (74.6) (61.1) 13.4 105.5 (51.4) 35.7 23.5 (0.9) 18.6 10.7 (4.4) (8.8) (0.3) (216.3) 235.0 2.9 2.4 (2.3) (1.0) (0.3) 6.9 (0.3) (4.4)
Cash at Beginning 54.1 28.6 44.7 40.0 40.9 29.4 31.2 31.4 53.8 52.7 34.7 72.4 53.9 52.7 49.4 78.3 143.5 41.2 115.8 177.0 163.5 58.1 109.5 73.8 50.3 51.2 32.6 21.9 26.2 35.0 35.3 251.6 16.5 13.6 11.2 13.6 14.5 14.8 7.9 8.2 12.6
Cash at End 14.2 54.4 28.6 44.7 39.7 41.3 29.4 31.2 31.0 53.8 53.1 34.7 72.4 53.9 52.7 49.4 78.3 143.5 41.2 115.8 177.0 163.5 58.1 109.5 73.8 50.3 51.2 32.6 21.9 26.2 35.0 35.3 251.6 16.5 13.6 11.2 13.6 14.5 14.8 7.9 8.2
Free Cash Flow (68.2) (52.9) (31) (36.8) (17.7) (58.3) (28.1) (71.0) (56.3) 17.2 (30.7) (43.1) (41.8) (35.3) (16.0) 29.6 2.8 55.5 (42.8) (13.2) (32.0) 12.8 (9.2) (29.2) 6.8 (23.2) (9.8) 106.6 (20.2) (20.2) (11.7) (30.0) (27.0) (8.6) (6.5) (13.9) (11.9) (16.4) 132.9 (10.0) (15.0)
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 4.5 28.2 21.0 43.6 32.7 70.0 17.8 17.0 16.0 51.0 59.2 45.5 19.0 21.6 27.3 30.2 85.5 154.0 19.7 67.4 34.0 41.9 35.4 13.1 32.4 3.5 21.8 19.5 111.9 11.6 29.0 0 0 10.9 7.1 13.3 4.3 6.4 7.8 66.0 7.3 21.8 3.5 1.0 1.5 5.7 0.8 0.8 2.2 1.7 3.2 3.9 1.3 2.4 1.6
Gross Profit 1.9 25.7 21.0 41.0 30.0 70.0 17.8 13.9 16.0 47.7 (5.8) (14.5) (46.6) (29.8) (26.0) (16.9) 37.7 103.0 (30.9) 17.9 (7.4) (6.1) (9.1) (30.4) (1.6) (23.8) (8.0) (13.8) 83.8 (15.6) 8.1 (23.3) (26.1) 10.9 (12.3) (3.6) (10.7) (6.9) (6.2) 51.6 (2.8) 10.9 (7.1) (6.5) (3.7) 0.6 (4.1) (3.5) (2.0) (2.4) (1.0) (0.2) (3.2) (1.5) (1.5)
Operating Income (77.9) (53.6) (47.5) (33.2) (43.2) 4.0 (55.2) (62.3) (54.7) (28.7) (18.3) (26.0) (60.7) (42.6) (38.3) (28) 26.5 91.7 (41.3) 9.1 (15.7) (13.7) (16.7) (37.6) (8.8) (30.6) (14.3) (19.6) 78.2 (21.1) 0.7 (28.3) (30.6) (13.9) (16.5) (7.7) (15.5) (10.0) (9.3) 48.6 (6.7) 7.4 (10.3) (9.0) (6.5) (1.4) (6.3) (5.1) (3.8) (3.7) (1.8) (1.0) (4.0) (2.5) (2.0)
Net Income (128.9) (6.7) (6.0) (30.8) (48.4) (53.5) (46.3) (66.0) (73.4) (26.1) (24.3) (22.0) (60.8) (12.0) (32.8) (34.0) 23.6 73.1 (40.2) 52.2 (2.5) (13.7) (12.6) (35.0) (8.1) (26.9) (10.2) (16.0) 80.0 (18.2) 3.1 (25.9) (29.5) (11.8) (15.6) (6.9) (14.6) (9.1) (8.1) 47.2 (6.4) 7.8 (10.0) (8.9) (6.4) (1.4) (6.3) (5.0) (3.8) (3.7) (1.8) (50.1) (4.6) (3.1) (2.6)
EPS (Diluted) -1.71 -0.09 -0.08 -0.41 -0.66 -0.73 -0.71 -1.07 -1.11 -0.43 -0.40 -0.37 -1.00 -0.20 -0.55 -0.67 0.39 1.21 -0.69 0.87 -0.04 -0.24 -0.22 -0.61 -0.14 -0.47 -0.18 -0.28 1.38 -0.32 0.05 -0.46 -0.62 -0.25 -0.33 -0.15 -0.31 -0.21 -0.20 1.13 -0.16 0.19 -0.25 -0.22 -0.19 -0.04 -0.20 -0.16 -0.12 -0.12 -0.06 -3.00 -0.28 -0.19 -0.16
Balance Sheet
Cash & Equivalents 14.2 54.1 28.3 44.4 39.7 40.9 29.0 30.8 31.0 53.8 52.7 34.7 72.4 53.9 52.7 49.4 78.3 143.5 41.2 115.8 177.0 163.5 58.1 109.5 73.8 50.3 51.2 32.6 21.9 26.2 35.0 35.3 251.6 16.5 13.6 11.2 13.6 14.5 14.8 7.9 8.2
Total Assets 736.8 875.5 868.8 879.4 904.7 951.9 983.6 826.2 896.9 965.1 778.4 778.1 803.4 846.3 835.3 851.3 857.9 838.2 697.3 695.6 692.7 703.2 646.3 644.7 667.0 670.2 686.2 684.8 697.0 576.7 585.6 591.5 612.3 390.1 398.3 416.2 418.3 428.6 322.1 334.3 194.0
Total Debt 175.2 187.7 202.4 67.9 67.8 232.0 86.6 87.7 254.0 251.9 60.8 58.8 59.2 59.6 43.1 41.6 34.9 34.0 34.2 5.0 11.1 11.6 9.5 9.7 10.2 10.7 11.3 11.9 12.2 0 0 0 0 0 0 0 0 0 0 0 0
Stockholders' Equity 515.6 635.6 625.3 620.4 639.9 677.6 723.8 564.3 600.1 661.8 669.0 678.9 683.6 727.5 722.7 742.3 763.0 733.5 618.9 646.9 583.6 572.4 568.5 570.6 593.0 593.2 610.2 608.1 609.6 521.7 532.3 519.2 537.7 282.0 290.5 301.4 303.7 314.0 202.4 208.6 158.8
Cash Flow
Operating Cash Flow (67.6) (51.7) (30.8) (36.4) (16.2) (55.6) (26.0) (67.3) (55.3) 18.2 (27.3) (38.2) (30.6) (24.4) (1.2) 44.3 5.8 61.8 (39.0) (9.7) (30.0) 17.1 (3.9) (27.7) 9.5 (19.6) (6.5) 109.2 (18.7) (16.8) (10.3) (28.4) (24.2) (6.7) (3.5) (12.8) (10.7) (15.8) 134.1 (9.4) (14.3)
Capital Expenditure (0.6) (1.1) (0.2) (0.4) (1.4) (2.7) (2.1) (3.6) (1.1) (1.0) (3.4) (4.9) (11.2) (10.9) (14.9) (14.6) (3.0) (6.3) (3.8) (3.5) (2.0) (4.2) (5.4) (1.6) (2.6) (3.7) (3.3) (2.6) (1.5) (3.4) (1.4) (1.6) (2.7) (1.9) (3.0) (1.2) (1.2) (0.6) (1.2) (0.6) (0.7)
Free Cash Flow (68.2) (52.9) (31) (36.8) (17.7) (58.3) (28.1) (71.0) (56.3) 17.2 (30.7) (43.1) (41.8) (35.3) (16.0) 29.6 2.8 55.5 (42.8) (13.2) (32.0) 12.8 (9.2) (29.2) 6.8 (23.2) (9.8) 106.6 (20.2) (20.2) (11.7) (30.0) (27.0) (8.6) (6.5) (13.9) (11.9) (16.4) 132.9 (10.0) (15.0)