NEUROCRINE BIOSCIENCES INC (NBIX)
Neurocrine Biosciences, Inc. is a pharmaceutical firm dedicated to the creation, advancement, and commercialization of medicines addressing a spectrum of neurological, endocrine, and psychiatric conditions. Its current therapeutic pipeline and marketed products target disorders such as tardive dyskinesia, Parkinson's disease, endometriosis, and uterine fibroids, alongside numerous experimental compounds in various clinical stages. The company's primary commercial asset is INGREZZA, a VMAT2 inhibitor indicated for the management of tardive dyskinesia. Other available treatments include ONGENTYS, which serves as an auxiliary therapy for individuals with Parkinson's disease who are also receiving levodopa/DOPA decarboxylase inhibitors; ORILISSA, prescribed for the alleviation of moderate to severe pain linked with endometriosis in women; and ORIAHNN, an oral, non-surgical option for pre-menopausal women experiencing significant menstrual bleeding associated with uterine fibroids. Furthermore, Neurocrine is actively progressing a number of drug candidates through clinical development. These include NBI-921352 for treating pediatric patients and adult focal epilepsy; NBI-827104, designed to address rare pediatric epilepsy and essential tremor; NBI-1065845 for major depressive disorder; NBI-1065846 specifically for anhedonia within major depressive disorder; and NBI-118568 for the treatment of schizophrenia. The company also maintains strategic licensing and collaborative ventures with partners such as Heptares Therapeutics Limited, Takeda Pharmaceutical Company Limited, Idorsia Pharmaceuticals Ltd, Xenon Pharmaceuticals Inc., Voyager Therapeutics, Inc., BIAL Portela & Ca, S.A., Mitsubishi Tanabe Pharma Corporation, and AbbVie Inc. Neurocrine Biosciences, Inc. was founded in 1992 and operates from its headquarters in San Diego, California.
Sector: Biological Products, (No Diagnostic Substances)
Industry: Biotechnology
Neurocrine Biosciences, Inc.
NASDAQ:NBIXHealthcare · Biotechnology
-0.19%$146.10
AH$146.10+0.00%vs close
Mkt Cap$14.85B
Float97.42M
O/S101.65M
Vol
$ Vol
RVOL
Inst Own100.6%
Earnings
Dilution
Financials Summary
Revenue$2.86B
Net Income$478.6M
Total Assets$4.63B
Free Cash Flow$748.7M
Debt & Equity
Debt 11%
Equity 89%
Total Debt$415.3M
Total Equity$3.25B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NBIX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$4.63B
Liabilities$1.38B
Accounts Receivable$686.8M
Accounts Payable$104.9M
Inventory$69M
PP&E (Net)$545.2M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Revenue | $2.86B | $2.36B | $1.89B | $1.49B | $1.13B | $1.05B | $788.1M | $451.2M | $161.63M | $15M | $19.77M | $0 | $2.92M | $53.14M | $77.41M | $33.5M | $2.95M | $3.98M | $1.22M | $39.23M | $123.89M | $85.18M | $139.08M | $18.05M | $41.24M | $14.59M | $16.8M | $16M | $26.1M | $19.2M |
| YoY Growth | 21.4% | 24.8% | 26.8% | 31.3% | 8.4% | 32.7% | 74.7% | 179.2% | 977.5% | -24.1% | - | - | -94.5% | -31.4% | 131.1% | 1034.5% | -25.7% | 224.8% | -96.9% | -68.3% | 45.5% | -38.8% | 670.7% | -56.2% | 182.7% | -13.2% | 5.0% | -38.7% | 35.9% | - |
| Cost of Revenue | $52.1M | $34M | $39.7M | $23.2M | $14.3M | $10.1M | $7.4M | $4.9M | $1.25M | $0 | $0 | $14.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.2M | -$2.1M | -$1.7M | -$1.3M | -$1M |
| Gross Profit | $2.81B | $2.32B | $1.85B | $1.47B | $1.12B | $1.04B | $780.7M | $446.3M | $160.37M | $15M | $19.77M | -$14.4M | $0 | $0 | $77.41M | $33.5M | $2.95M | $3.98M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16.79M | $18.9M | $17.7M | $27.4M | $20.2M |
| Gross Margin | 98.2% | 98.6% | 97.9% | 98.4% | 98.7% | 99.0% | 99.1% | 98.9% | 99.2% | 100.0% | 100.0% | - | - | - | 100.0% | 100.0% | 100.0% | 100.0% | - | - | - | - | - | - | - | 115.1% | 112.5% | 110.6% | 105.0% | 105.2% |
| Research and Development | $1.02B | $731.1M | $565M | $463.8M | $328.1M | $275M | $200M | $155.8M | $91.83M | $94.29M | $81.49M | $46.42M | $39.25M | $37.16M | $30.95M | $31.15M | $33.72M | $55.54M | $81.98M | $97.68M | $106.63M | $115.07M | $177.27M | $108.94M | $74.27M | $40.23M | $29.2M | $21.8M | $19.9M | $12.6M |
| Selling, General, and Administrative | $1.16B | $1.01B | $887.6M | $752.7M | $583.3M | $433.3M | $354.1M | $248.93M | $169.91M | $68.08M | $32.48M | $17.99M | $13.35M | $13.44M | $12.46M | $16.07M | $14.83M | $20.24M | $37.48M | $54.87M | $42.33M | $22.44M | $20.59M | $12.72M | $10.86M | $9.96M | $7.5M | $6.6M | $5.7M | $3.7M |
| Other | $17.4M | $12.5M | $143.9M | $0 | $105.3M | $164.5M | $154.3M | $4.8M | $30M | $0 | $0 | $18K | $0 | $1.09M | $82K | $2.8M | $2.56M | $2.05M | $94M | $0 | $0 | $0 | $0 | $0 | $0 | $2.2M | $2.1M | $1.7M | $1.3M | $1M |
| Total Operating Expenses | $2.19B | $1.75B | $1.6B | $1.22B | $1.02B | $872.8M | $708.4M | $409.5M | $291.73M | $162.37M | $113.97M | $64.41M | $52.6M | $51.69M | $43.49M | $47.22M | $56.62M | $91.27M | $213.47M | $152.55M | $148.96M | $137.51M | $197.87M | $121.66M | $85.12M | $52.39M | $38.8M | $30.1M | $26.9M | $17.3M |
| Operating Income (EBIT) | $619.1M | $570.5M | $250.9M | $249M | $102.5M | $163M | $72.3M | $36.8M | -$131.36M | -$147.37M | -$94.2M | -$64.41M | -$49.68M | $1.45M | $33.92M | -$13.72M | -$53.67M | -$87.3M | -$212.24M | -$113.32M | -$25.07M | -$52.33M | -$58.79M | -$103.61M | -$43.88M | -$35.6M | -$19.9M | -$12.4M | $500K | $2.9M |
| Operating Margin | 21.6% | 24.2% | 13.3% | 16.7% | 9.0% | 15.6% | 9.2% | 8.2% | -81.3% | -982.5% | -476.5% | - | -1701.9% | 2.7% | 43.8% | -41.0% | -1817.5% | -2196.2% | -17340.0% | -288.8% | -20.2% | -61.4% | -42.3% | -574.2% | -106.4% | -244.0% | -118.5% | -77.5% | 1.9% | 15.1% |
| Interest Expense | $0 | $126.6M | $4.6M | $7.1M | $25.8M | $32.8M | $32M | $30.53M | $19.52M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $90.3M | $91M | $0 | $11.2M | $0 | $0 | $0 | $0 | $0 | $2.84M | $1.93M | $629K | $400K | $489K | $435K | $397K | $691K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $86.3M | -$84.5M | $81.2M | -$35.1M | -$1.1M | -$56.3M | -$25.8M | -$15.05M | -$11.18M | $6.28M | $5.27M | $3.87M | $3.59M | $3.58M | $3.65M | $5.75M | $2.63M | -$1.31M | $4.94M | $6.11M | $2.88M | $6.64M | $28.69M | $9.08M | $7.09M | $7.09M | $200K | -$7.4M | $4.8M | $3.2M |
| Income Before Tax (EBT) | $705.4M | $486M | $332.1M | $213.9M | $101.4M | $106.7M | $46.5M | $21.84M | -$142.54M | -$141.09M | -$88.93M | -$60.54M | -$46.09M | $5.03M | $37.57M | -$7.97M | -$88.61M | -$88.61M | -$207.3M | -$107.2M | -$22.19M | -$45.69M | -$30.1M | -$94.54M | -$36.79M | -$28.51M | -$19.7M | -$19.8M | $5.3M | $6.1M |
| Income Tax Expense | $226.8M | $144.7M | $82.4M | $59.4M | $11.8M | -$300.6M | $9.5M | $730K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $173K | $0 | $0 | $0 | $0 | $79K | $158K | $0 | $120K | $302K | -$3.1M | $7.6M | $200K | $200K |
| Net Income | $478.6M | $341.3M | $249.7M | $154.5M | $89.6M | $407.3M | $37M | $21.11M | -$142.54M | -$141.09M | -$88.93M | -$60.54M | -$46.09M | $5.03M | $37.57M | -$7.97M | -$51.04M | -$88.61M | -$207.3M | -$107.2M | -$22.19M | -$45.77M | -$30.26M | -$94.54M | -$36.91M | -$28.81M | -$16.8M | -$20M | $5.1M | $5.9M |
| Net Income Margin | 16.7% | 14.5% | 13.2% | 10.4% | 7.9% | 38.9% | 4.7% | 4.7% | -88.2% | -940.6% | -449.8% | - | -1579.0% | 9.5% | 48.5% | -23.8% | -1728.3% | -2229.3% | -16936.2% | -273.2% | -17.9% | -53.7% | -21.8% | -523.9% | -89.5% | -197.5% | -100.0% | -125.0% | 19.5% | 30.7% |
| Supplementary Data | ||||||||||||||||||||||||||||||
| EPS | 4.81 | 3.40 | 2.56 | 1.61 | 0.95 | 4.37 | 0.40 | 0.22 | -1.62 | -1.63 | -1.05 | -0.81 | -0.69 | 0.08 | 0.68 | -0.15 | -1.30 | -2.30 | -5.45 | -2.84 | -0.60 | -1.26 | -0.93 | -3.10 | -1.42 | -1.30 | -0.88 | -1.10 | 0.30 | 0.39 |
| Diluted EPS | 4.67 | 3.29 | 2.47 | 1.56 | 0.92 | 4.16 | 0.39 | 0.22 | -1.62 | -1.63 | -1.05 | -0.81 | -0.69 | 0.08 | 0.67 | -0.15 | -1.30 | -2.30 | -5.45 | -2.84 | -0.58 | -1.26 | -0.93 | -3.10 | -1.42 | -1.30 | -0.88 | -1.10 | 0.28 | 0.36 |
| Weighted Average OS | 99.50M | 100.40M | 97.70M | 95.80M | 94.60M | 93.10M | 91.63M | 95.40M | 87.99M | 86.56M | 84.50M | 74.58M | 66.80M | 65.62M | 55.18M | 52.82M | 39.14M | 38.45M | 38.01M | 37.72M | 36.76M | 36.20M | 32.37M | 30.49M | 26.03M | 22.12M | 19.07M | 18.14M | 17.00M | 15.13M |
| EBITDA | $666.6M | $639.7M | $416.1M | $236.6M | $138.1M | $148.1M | $85.9M | $56.3M | -$120.62M | -$139.64M | -$87.92M | -$63.58M | -$49.01M | $2.1M | $34.62M | -$12.29M | -$47.93M | -$73.98M | -$202.84M | -$102.75M | -$14.98M | -$45.25M | -$55.09M | -$100.52M | -$41.23M | -$33.4M | -$17.8M | -$10.7M | $1.8M | $3.9M |
| EBITDA Margin | 23.3% | 27.2% | 22.0% | 15.9% | 12.2% | 14.2% | 10.9% | 12.5% | -74.6% | -930.9% | -444.7% | - | -1678.9% | 4.0% | 44.7% | -36.7% | -1623.2% | -1861.1% | -16571.7% | -261.9% | -12.1% | -53.1% | -39.6% | -557.0% | -100.0% | -229.0% | -106.0% | -66.9% | 6.9% | 20.3% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Assets | ||||||||||||||||||||||||||||||
| Current Assets | ||||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $713M | $233M | $251.1M | $262.9M | $340.8M | $187.1M | $112.3M | $141.71M | $254.71M | $83.27M | $74.19M | $31.01M | $44.79M | $63.75M | $50.11M | $54.05M | $37.33M | $68.47M | $99.66M | $80.98M | $49.95M | $61.03M | $105.85M | $44.31M | $163.89M | $21.08M | $21.3M | $11.7M | $15.8M | $11.3M |
| Short-Term Investments | $767.4M | $843.1M | $780.5M | $726.4M | $370.5M | $613.9M | $558.2M | $509.2M | $261.22M | $224.08M | $305M | $162.79M | $100.95M | $109.26M | $79M | $72.81M | $16.14M | $12.01M | $79.72M | $101.62M | $223.12M | $240.1M | $347.31M | $200.4M | $156.09M | $143.59M | $69.8M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.48B | $1.08B | $1.03B | $989.3M | $711.3M | $801M | $670.5M | $650.91M | $515.93M | $307.35M | $379.19M | $193.81M | $145.74M | $173.01M | $129.1M | $126.86M | $53.46M | $80.47M | $179.38M | $182.6M | $273.07M | $301.13M | $453.17M | $244.71M | $319.98M | $164.67M | $91.1M | $11.7M | $15.8M | $11.3M |
| Accounts Receivable | $686.8M | $479.1M | $439.3M | $350M | $185.5M | $157.1M | $126.6M | $57.41M | $31.13M | $0 | $0 | $0 | $23K | $14.09M | $1.9M | $4.47M | $0 | $39K | $27K | $7.19M | $858K | $8.21M | $13.66M | $247K | $9.95M | $5.97M | $1.5M | $1.4M | $200K | $1.3M |
| Inventory | $69M | $57.4M | $38.3M | $35.1M | $30.5M | $28M | $17.3M | $10.86M | $1.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $115.8M | $63.6M | $97.8M | $79.1M | $45.5M | $30.1M | $16.6M | $18.59M | $6.84M | $3.09M | $4.88M | $4.39M | $2.7M | $2.16M | $1.47M | $1.72M | $1.92M | $911K | $3.54M | $3.86M | $5.38M | $4.47M | $4.98M | $3.14M | $1.58M | $1.76M | $2.2M | $52.5M | $60.4M | $59.5M |
| Total Current Assets | $2.52B | $1.72B | $1.61B | $1.45B | $972.8M | $1.02B | $831M | $737.78M | $554.92M | $310.44M | $384.07M | $198.2M | $148.46M | $189.26M | $132.48M | $133.05M | $55.39M | $81.42M | $182.95M | $193.66M | $279.31M | $313.81M | $471.81M | $248.09M | $331.51M | $172.41M | $94.8M | $65.6M | $76.4M | $72.1M |
| Long-Term Assets | ||||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $545.2M | $592M | $347.3M | $145.6M | $155.8M | $127.4M | $116.2M | $33.87M | $10.81M | $6.27M | $3.43M | $2.51M | $1.77M | $1.9M | $1.59M | $1.53M | $2.69M | $6.19M | $82.6M | $91.38M | $99.31M | $102.17M | $56.24M | $14.1M | $12.09M | $11.3M | $11.2M | $10.9M | $8.8M | $3.5M |
| 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 |
| Intangible Assets | $0 | $36.5M | $35.5M | $37.2M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $18.4M | $0 | $23.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $188K | $362K | $600K | $1M | $1.2M | $1.4M |
| Long-Term Investments | $1.18B | $864.3M | $849.4M | $401.5M | $624.4M | $265.3M | $355.6M | $216.03M | $247.36M | $43.49M | $82.49M | $37.49M | $0 | $480K | $0 | $3.74M | $6.41M | $21.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $320.3M | $485.7M | $362.6M | $305.9M | $315.1M | $319.4M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $325.3M | $0 | $61.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $59.5M | $15.5M | $49.6M | $25M | $4.4M | $6.4M | $3.2M | $5.48M | $4.5M | $4.88M | $4.79M | $4.83M | $4.44M | $4.33M | $4.31M | $6.1M | $6.33M | $9.51M | $11.11M | $104.64M | $104.51M | $103.24M | $26.91M | $4.34M | $2.56M | $1.9M | $2.6M | $3M | $5.5M | $1M |
| Total Long-Term Assets | $2.11B | $1.99B | $1.64B | $915.2M | $1.1B | $718.5M | $475M | $255.37M | $262.67M | $54.64M | $90.71M | $44.83M | $6.21M | $6.71M | $5.89M | $11.37M | $15.43M | $36.76M | $93.71M | $196.02M | $203.81M | $205.4M | $83.15M | $18.45M | $14.84M | $13.56M | $14.4M | $14.9M | $15.5M | $5.9M |
| Other 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 |
| Total Assets | $4.63B | $3.72B | $3.25B | $2.37B | $2.07B | $1.73B | $1.31B | $993.15M | $817.59M | $365.09M | $474.79M | $243.03M | $154.68M | $195.98M | $138.37M | $144.42M | $70.82M | $118.18M | $276.65M | $389.68M | $483.12M | $519.22M | $554.96M | $266.54M | $346.35M | $185.96M | $109.2M | $80.5M | $91.9M | $78M |
| Liabilities | ||||||||||||||||||||||||||||||
| Current Liabilities | ||||||||||||||||||||||||||||||
| Accounts Payable | $104.9M | $99.9M | $133.3M | $67.3M | $51.5M | $39.4M | $41.4M | $38.38M | $5.65M | $5.08M | $2.56M | $246K | $101K | $911K | $1.11M | $810K | $2.19M | $1.6M | $3.78M | $3.21M | $21.34M | $5.39M | $1.29M | $1.96M | $1.54M | $1.06M | $2.4M | $2.5M | $1.8M | $800K |
| Short-Term Debt | $0 | $0 | $170.1M | $169.4M | $0 | $0 | $408.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.29M | $7.87M | $1.49M | $4.49M | $5.81M | $6.67M | $3.96M | $2.66M | $2.09M | $1.59M | $1M | $800K | $900K | $800K |
| Current Income Tax Payable | $0 | $0 | $24.4M | $9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.92M | $34.24M | $39.98M | $5.81M | $2.94M | $2.93M | $0 | $6.54M | $27.67M | $49.67M | $5.7M | $5.38M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $423.9M | $297.8M | $261.4M | $225.4M | $133.3M | $90.6M | $84.7M | $42.78M | $25.81M | $13.79M | $11.48M | $10.43M | $7.05M | $7.53M | $7.15M | $7.62M | $2.31M | $2.78M | $0 | $0 | -$17.89M | $0 | $0 | $0 | $0 | $12.31M | $5.2M | $2.3M | $4.3M | $2.5M |
| Total Current Liabilities | $743.4M | $507.7M | $654.8M | $537.7M | $245.8M | $186.5M | $565.3M | $88.23M | $54.43M | $30.41M | $25.71M | $15.66M | $11.7M | $15.65M | $47.11M | $52.78M | $19.96M | $26.09M | $29.91M | $20.12M | $33.69M | $59.59M | $110.01M | $32.48M | $24.76M | $14.96M | $8.6M | $5.6M | $7.4M | $4.1M |
| Long-Term Liabilities | ||||||||||||||||||||||||||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $335.1M | $317.9M | $0 | $388.5M | $369.62M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.24M | $0 | $0 | $49.15M | $53.59M | $59.45M | $32.47M | $0 | $0 | $2.28M | $2.1M | $2.2M | $700K | $800K |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $10.23M | $10.23M | $10.23M | $10.23M | $0 | $0 | $0 | $2.92M | $64.21M | $38.76M | $11.79M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term 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 |
| Other Long-Term Liabilities | $219.7M | $166.2M | $106.3M | $29.7M | $12.3M | $9.7M | $17.1M | $25.43M | $11.18M | $9.56M | $14.38M | $18.67M | $22.57M | $25.96M | $28.26M | $8.09M | $906K | $36M | $128.05M | $5.69M | $5.74M | $6.35M | $21.35M | $4.53M | $7.6M | $5.51M | $2.1M | $700K | $1M | $300K |
| Total Long-Term Liabilities | $635M | $621.3M | $364.6M | $123.2M | $452.7M | $422M | $103.8M | $424.15M | $391.03M | $19.8M | $24.62M | $18.67M | $22.57M | $25.96M | $31.18M | $72.3M | $46.9M | $55.31M | $128.05M | $54.84M | $59.33M | $65.81M | $53.82M | $9.81M | $11.2M | $7.79M | $4.2M | $2.9M | $1.3M | $1.1M |
| Other 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 |
| Total Liabilities | $1.38B | $1.13B | $1.02B | $660.9M | $698.5M | $608.5M | $669.1M | $512.39M | $445.45M | $50.21M | $50.33M | $34.33M | $34.27M | $41.61M | $78.29M | $125.08M | $66.86M | $81.41M | $157.96M | $74.96M | $93.02M | $125.39M | $163.84M | $42.28M | $35.96M | $22.75M | $12.8M | $8.5M | $8.7M | $5.2M |
| Stockholders' Equity | ||||||||||||||||||||||||||||||
| Preferred 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 |
| Common Stock | $100K | $100K | $100K | $100K | $100K | $100K | $92K | $91K | $89K | $87K | $86K | $76K | $67K | $66K | $55K | $55K | $44K | $39K | $38K | $38K | $37K | $37K | $35K | $31K | $30K | $25K | $0 | $0 | $0 | $0 |
| Retained Earnings | $447.7M | $29.2M | -$157.1M | -$406.8M | -$635.8M | -$725.4M | -$1.13B | -$1.18B | -$1.2B | -$1.06B | -$915.23M | -$826.3M | -$765.76M | -$719.67M | -$724.7M | -$762.27M | -$754.3M | -$703.26M | -$614.65M | -$407.35M | -$300.15M | -$277.95M | -$232.18M | -$201.93M | -$107.39M | -$70.48M | -$41.7M | -$24.9M | -$4.9M | -$10M |
| Comprehensive Income & Other | $13.1M | $5.8M | $7M | -$7.9M | -$1.7M | $1.8M | $1.4M | -$1.93M | -$1.85M | -$318K | -$977K | -$277K | $5K | -$2K | -$87K | -$48K | $1.21M | -$1.57M | -$233K | $99K | -$1.5M | -$2.29M | $741K | $2.06M | -$2.27M | $98K | -$600K | -$4.2M | -$3M | -$2M |
| Other Stockholders' Equity | $2.81B | $2.56B | $2.39B | $2.11B | $2.01B | $1.85B | $1.77B | $1.66B | $1.57B | $1.37B | $1.34B | $1.03B | $886.11M | $873.98M | $784.72M | $781.56M | $758.21M | $740M | $733.31M | $722.03M | $690.21M | $671.75M | $623.27M | $426.15M | $417.75M | $233.66M | $138.1M | $96.9M | $88.1M | $82.8M |
| Total Equity | $3.25B | $2.59B | $2.23B | $1.71B | $1.37B | $1.13B | $636.9M | $480.76M | $372.14M | $314.88M | $424.45M | $208.7M | $120.41M | $154.37M | $60.08M | $19.34M | $3.95M | $36.77M | $118.7M | $314.72M | $390.1M | $393.83M | $391.12M | $224.25M | $310.39M | $163.21M | $96.4M | $72M | $83.2M | $72.8M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $4.63B | $3.72B | $3.25B | $2.37B | $2.07B | $1.73B | $1.31B | $993.15M | $817.59M | $365.09M | $474.79M | $243.03M | $154.68M | $195.98M | $138.37M | $144.42M | $70.82M | $118.18M | $276.65M | $389.68M | $483.12M | $519.22M | $554.96M | $266.54M | $346.35M | $185.96M | $109.2M | $80.5M | $91.9M | $78M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Total Debt | $415.3M | $455.1M | $428.4M | $262.9M | $440.4M | $412.3M | $495.5M | $388.5M | $369.62M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $11.53M | $15.4M | $1.49M | $53.64M | $59.4M | $66.13M | $36.43M | $7.93M | $5.69M | $3.87M | $3.1M | $3M | $1.6M | $1.6M |
| Net Debt | -$297.7M | $222.1M | $177.3M | $0 | $99.6M | $225.2M | $383.2M | $246.78M | $114.91M | -$83.27M | -$74.19M | -$31.01M | -$44.79M | -$63.75M | -$50.11M | -$54.05M | -$25.8M | -$53.07M | -$98.18M | -$27.34M | $9.46M | $5.1M | -$69.42M | -$36.38M | -$158.2M | -$17.21M | -$18.2M | -$8.7M | -$14.2M | -$9.7M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 | FY 1996 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 | 2005-12-31 | 2004-12-31 | 2003-12-31 | 2002-12-31 | 2001-12-31 | 2000-12-31 | 1999-12-31 | 1998-12-31 | 1997-12-31 | 1996-12-31 |
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | $478.6M | $341.3M | $249.7M | $154.5M | $89.6M | $407.3M | $37M | $21.1M | -$142.54M | -$141.09M | -$88.93M | -$60.54M | -$46.09M | $5.03M | $37.57M | -$7.97M | -$51.04M | -$88.61M | -$207.3M | -$107.2M | -$22.19M | -$45.77M | -$30.26M | -$94.54M | -$36.91M | -$28.81M | -$16.8M | -$20M | $5.1M | $5.9M |
| Depreciation & Amortization | $30.1M | $27.1M | $21.3M | $15.6M | $10.9M | $8.6M | $7.4M | $4M | $2.4M | $1.45M | $1.01M | $827K | $671K | $657K | $694K | $1.44M | $3.18M | $7.61M | $9.4M | $10.57M | $10.09M | $7.08M | $3.69M | $3.1M | $2.65M | $2.2M | $2.1M | $1.7M | $1.3M | $1M |
| Deferred Income Tax | $165.4M | -$123.1M | -$56.7M | $19.1M | $4.3M | -$310.7M | $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-Based Compensation | $217.9M | $195.5M | $194.3M | $173.1M | $134.2M | $100M | $75.3M | $58.1M | $42.52M | $28.46M | $28.39M | $10.38M | $6.82M | $5.48M | $2.92M | $3.13M | $5.54M | $7.99M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||||||||||||||||||
| Accounts Receivable | -$210.5M | -$39.8M | -$89.3M | -$162.2M | -$28.4M | -$30.5M | -$69.2M | -$25.1M | -$31.13M | $0 | $0 | -$1.67M | $13.53M | -$12.88M | $2.81M | -$4.28M | $2.45M | $2.43M | $7.49M | -$4.81M | $6.44M | $5.96M | -$15.21M | $8.15M | -$3.8M | -$4.02M | -$800K | -$2.9M | $900K | -$900K |
| Inventory | -$15.3M | -$19.1M | $5.4M | -$2.6M | -$2.5M | -$10.7M | -$6.4M | -$3.5M | -$1.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $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 Working Capital | $97M | $39.7M | $112.1M | $97.4M | $47.6M | $3.3M | $70.8M | $26.9M | $23.34M | $5.78M | $8.7M | $3.28M | -$1.43M | -$793K | -$7.33M | -$4.89M | -$15.63M | -$14.91M | $9.39M | -$6.23M | -$3.15M | -$30.89M | $32.19M | $5.36M | $5.64M | $4.45M | $3M | $600K | $900K | $200K |
| Total Working Capital Change | -$128.8M | -$19.2M | $28.2M | -$67.4M | $16.7M | -$37.9M | -$4.8M | -$1.7M | -$8.81M | $5.78M | $8.7M | $1.61M | $12.1M | -$13.67M | -$4.52M | -$9.16M | -$13.18M | -$12.48M | $16.88M | -$11.05M | $3.3M | -$24.93M | $16.98M | $13.51M | $1.85M | $433K | $2.2M | -$2.3M | $1.8M | -$700K |
| Other Non-Cash Items | $19.5M | $173.8M | -$46.9M | $44.5M | $800K | $61.2M | $32.1M | $19.9M | $12.1M | -$789K | $12.83M | $584K | -$3.1M | -$32.78M | -$37.37M | $62.51M | $2.4M | $11.33M | $121.68M | $8.35M | -$21.99M | -$36.36M | $46.71M | -$1.43M | $10.56M | $7.53M | $2.2M | $9.9M | $2.8M | $500K |
| Net Cash from Operating | $782.7M | $595.4M | $389.9M | $339.4M | $256.5M | $228.5M | $147M | $101.4M | -$94.33M | -$106.18M | -$38M | -$47.14M | -$29.61M | -$35.29M | -$698K | $49.94M | -$53.09M | -$74.17M | -$59.33M | -$99.33M | -$30.79M | -$99.99M | $37.13M | -$79.36M | -$21.86M | -$18.64M | -$10.3M | -$10.7M | $11M | $6.7M |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditures | -$34M | -$38.2M | -$28.3M | -$16.5M | -$23.4M | -$10.9M | -$14.7M | -$24.8M | -$6.94M | -$4.11M | -$1.93M | -$1.61M | -$545K | -$971K | -$750K | -$315K | -$35K | -$1.32M | -$624K | -$3.11M | -$7.24M | -$53.15M | -$50.44M | -$5.3M | -$3.81M | -$2.44M | -$2.1M | -$3.7M | -$6.4M | -$2.3M |
| Acquisitions | $0 | $0 | $0 | -$42.7M | $0 | $0 | $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 | -$1.32B | -$1.06B | -$1.41B | -$628.9M | -$804.7M | -$735.5M | -$866.1M | -$545.9M | -$583.41M | -$298.78M | -$449.05M | -$257.54M | -$145.33M | -$166.31M | -$139.1M | -$89.79M | -$16.8M | -$36.99M | -$94.64M | -$64.04M | -$382.83M | -$593.72M | -$448.29M | -$401.59M | -$175.89M | -$151.58M | -$87.7M | -$41.6M | -$113.1M | -$85.2M |
| Sales of Investments | $1.09B | $967.5M | $972.4M | $511M | $697.9M | $750.5M | $669.7M | $327.8M | $339.09M | $415.83M | $255.12M | $154.13M | $151.28M | $132.52M | $134.28M | $34.84M | $27.61M | $82.13M | $117.13M | $186.91M | $399.97M | $645.05M | $300.49M | $360.87M | $163.05M | $78.35M | $68.6M | $50M | $112.3M | $38.9M |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7K | $13K | $49K | -$343K | -$68K | $3K | $2.04M | $559K | $1.28M | $596K | -$1.03M | $525K | -$525K | $20.29M | $11.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$264.4M | -$126.8M | -$467.1M | -$177.1M | -$130.2M | $4.1M | -$211.1M | -$242.9M | -$251.25M | $112.95M | -$195.81M | -$105.37M | $5.34M | -$34.76M | -$3.53M | -$54.7M | $12.06M | $44.42M | $20.84M | $120.28M | $9.38M | $18.47M | -$186.65M | -$46.02M | -$16.64M | -$75.67M | -$21.2M | $4.7M | -$7.2M | -$48.6M |
| Financing Activities | ||||||||||||||||||||||||||||||
| Debt Repaid | - | $308.8M | - | $279M | $100K | $186.9M | - | - | -$502.78M | - | - | - | - | - | - | - | - | $1.49M | -$56.59M | $5.76M | $6.72M | -$29.69M | -$14.45M | -$2.25M | -$1.82M | -$757K | - | -$1.5M | $100K | $700K |
| Common Stock Issuance | $129.4M | $122.1M | $65.3M | $44.7M | $27.5M | $29.1M | $27.31M | $29.53M | $13.87M | $2.39M | $276.99M | $138.73M | $5.3M | $83.7M | $286K | $21.48M | $9.9M | $34K | $591K | $15.85M | $16.97M | $7M | $196.61M | $3.46M | $179.49M | $93.36M | $41M | $400K | $700K | $47.5M |
| Common Stock Repurchases | -$167.7M | -$300M | $0 | $0 | $0 | $0 | $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 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $5.09M | -$30K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $236K | $0 | $104K | $0 | $15K | $0 | $0 | $100K | $0 |
| Net Cash from Financing | -$38.3M | -$486.7M | $65.3M | -$234.3M | $27.4M | -$157.8M | $32.4M | $29.5M | $516.65M | $2.39M | $276.99M | $138.73M | $5.3M | $83.7M | $286K | $21.48M | $9.9M | -$1.45M | $57.18M | $10.09M | $10.33M | $36.69M | $211.06M | $5.81M | $181.3M | $94.13M | $41M | $1.9M | $700K | $46.8M |
| Forex Effect | $0 | $0 | $300K | -$1.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $480M | -$18.1M | -$11.6M | -$73.3M | $153.7M | $74.8M | -$31.7M | -$112M | $171.06M | $9.16M | $43.18M | -$13.78M | -$18.96M | $13.65M | -$3.94M | $16.72M | -$31.14M | -$31.2M | $18.68M | $31.03M | -$11.08M | -$44.83M | $61.54M | -$119.58M | $142.81M | -$187K | $9.6M | -$4.1M | $4.5M | -$6.4M |
| Supplementary Data | ||||||||||||||||||||||||||||||
| Operating Cash Flow | $782.7M | $595.4M | $389.9M | $339.4M | $256.5M | $228.5M | $147M | $101.4M | -$94.33M | -$106.18M | -$38M | -$47.14M | -$29.61M | -$35.29M | -$698K | $49.94M | -$53.09M | -$74.17M | -$59.33M | -$99.33M | -$30.79M | -$99.99M | $37.13M | -$79.36M | -$21.86M | -$18.64M | -$10.3M | -$10.7M | $11M | $6.7M |
| Capital Expenditure | -$34M | -$38.2M | -$28.3M | -$16.5M | -$23.4M | -$10.9M | -$14.7M | -$24.8M | -$6.94M | -$4.11M | -$1.93M | -$1.61M | -$545K | -$971K | -$750K | -$315K | -$35K | -$1.32M | -$624K | -$3.11M | -$7.24M | -$53.15M | -$50.44M | -$5.3M | -$3.81M | -$2.44M | -$2.1M | -$3.7M | -$6.4M | -$2.3M |
| Free Cash Flow | $748.7M | $557.2M | $361.6M | $322.9M | $233.1M | $217.6M | $132.3M | $76.6M | -$101.27M | -$110.29M | -$39.93M | -$48.75M | -$30.15M | -$36.27M | -$1.45M | $49.63M | -$53.13M | -$75.49M | -$59.96M | -$102.44M | -$38.03M | -$153.13M | -$13.31M | -$84.67M | -$25.66M | -$21.09M | -$12.4M | -$14.4M | $4.6M | $4.4M |
| Cash at Beginning | $241M | $259.1M | $270.7M | $344M | $190.3M | $115.5M | $147.2M | $259.2M | $88.15M | $78.99M | $31.01M | $44.79M | $63.75M | $50.11M | $54.05M | $37.33M | $68.47M | $99.66M | $80.98M | $49.95M | $61.03M | $105.85M | $44.31M | $163.89M | $21.08M | $21.27M | $11.7M | $15.8M | $11.3M | $6.4M |
| Cash at End | $721M | $241M | $259.1M | $270.7M | $344M | $190.3M | $115.5M | $147.2M | $259.21M | $88.15M | $74.19M | $31.01M | $44.79M | $63.75M | $50.11M | $54.05M | $37.33M | $68.47M | $99.66M | $80.98M | $49.95M | $61.03M | $105.85M | $44.31M | $163.89M | $21.08M | $21.3M | $11.7M | $15.8M | $0 |