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What changed: r4 to r5

First sourced operating model after the branded-medicine shift and Eucalyptus close, with reserve-payment and acquisition-funding cash bridges.

Retrieval clocks and internal hashes are excluded. Changed source or accounting definitions are not automatically an economic restatement. The authored reason describes the destination revision.

FieldBeforeAfter
/business/descriptionLaunched in 2017, Hims & Hers Health, Inc. (and together with its subsidiaries, “Hims & Hers”, the “Company”, “we”, “us” or “our”) has built a consumer-first platform transforming the way customers fulfill their health and wellness needs. We believe that the Company has the technical infrastructure, distributed provider network, and access to clinical capabilities to lead the migration of routine office visits to a personalized, digital, accessible format. The Hims & Hers platforms (collectively, our “platform”) include access to a highly-qualified and technologically-innovative provider network, an electronic medical record system designed to support providers and customers, digital prescriptions, cloud pharmacy fulfillment, and personalization capabilities. Our digital platform enables access to treatments for a broad range of chronic conditions, including those related to sexual health, hair loss, hormone health, weight loss, dermatology, and mental health, as well as services such as comprehensive laboratory testing. Hims & Hers connects patients to licensed.Hims & Hers sells personalized health and wellness services through a consumer platform, including subscriptions and one-time purchases. US sales reflect treatment mix, price, retention and shipping cadence. Acquired international businesses, including Eucalyptus since June 2026, add a second growth channel. Branded weight-loss medicines, manufacturer rebates, pharmacy operations and deferred acquisition payments affect how reported growth becomes cash.
/business/drivers/0(and together with its subsidiaries, “Hims & Hers”, the “Company”, “we”, “us” or “our”) has built a consumer-first platform transforming the way customers.US treatment mix, subscriber retention and shipment timing
/business/drivers/1The Hims & Hers platforms (collectively, our “platform”) include access to a highly-qualified and technologically-innovative provider network, an electronic.Acquired international growth and integration economics
/business/drivers/2In addition, we also offer access to a range of non-prescription health and wellness products.Rebate collections, supplier payments and acquisition funding
/estimates/basisnot yet estimatedDesk base scenario from the operating model; not consensus. Revenue basis: Consolidated revenue ($M).
/estimates/rows/2026Q3/as_ofNone2026-09-19
/estimates/rows/2026Q3/basisNoneDesk base scenario. Revenue basis: Consolidated revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2026Q3/classNoneestimate
/estimates/rows/2026Q3/periodNone2026Q3
/estimates/rows/2026Q3/revenueNone890000000.0
/estimates/rows/2026Q4/as_ofNone2026-09-19
/estimates/rows/2026Q4/basisNoneDesk base scenario. Revenue basis: Consolidated revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2026Q4/classNoneestimate
/estimates/rows/2026Q4/periodNone2026Q4
/estimates/rows/2026Q4/revenueNone948682000.0
/estimates/rows/2027Q1/as_ofNone2026-09-19
/estimates/rows/2027Q1/basisNoneDesk base scenario. Revenue basis: Consolidated revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2027Q1/classNoneestimate
/estimates/rows/2027Q1/periodNone2027Q1
/estimates/rows/2027Q1/revenueNone917153503.9
/estimates/rows/2027Q2/as_ofNone2026-09-19
/estimates/rows/2027Q2/basisNoneDesk base scenario. Revenue basis: Consolidated revenue ($M). Calculated from the operating-model inputs below; not consensus or company guidance.
/estimates/rows/2027Q2/classNoneestimate
/estimates/rows/2027Q2/periodNone2027Q2
/estimates/rows/2027Q2/revenueNone976967862.8499999
/meta/business_authoredFalseTrue
/meta/extract_accession0001773751-26-000022None
/meta/extract_filed2026-02-23None
/meta/extract_form10-KNone
/meta/extract_sourcefilingauthored
/meta/extract_urlhttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000022/hims-20251231.htmNone
/meta/research_reviewed_atNone2026-09-19
/meta/research_stageNoneoperating_scenarios
/meta/revision45
/meta/skeletonTrueFalse
/operating_model/cells/acquisition_payables:shared/basisNoneAll acquisitions; not a second claim added on top of the Eucalyptus portion.
/operating_model/cells/acquisition_payables:shared/caseNoneshared
/operating_model/cells/acquisition_payables:shared/formula/opNonesum
/operating_model/cells/acquisition_payables:shared/formula/refs/0Noneacquisition_payables_current
/operating_model/cells/acquisition_payables:shared/formula/refs/1Noneacquisition_payables_long
/operating_model/cells/acquisition_payables:shared/idNoneacquisition_payables
/operating_model/cells/acquisition_payables:shared/kindNonederived
/operating_model/cells/acquisition_payables:shared/labelNoneTotal acquisition payables
/operating_model/cells/acquisition_payables:shared/periodNoneJune 2026
/operating_model/cells/acquisition_payables:shared/unitNoneUSD_millions
/operating_model/cells/acquisition_payables:shared/valueNone703.005
/operating_model/cells/acquisition_payables_current:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/acquisition_payables_current:shared/caseNoneshared
/operating_model/cells/acquisition_payables_current:shared/idNoneacquisition_payables_current
/operating_model/cells/acquisition_payables_current:shared/kindNonereported
/operating_model/cells/acquisition_payables_current:shared/labelNoneacquisition payables current
/operating_model/cells/acquisition_payables_current:shared/periodNoneJune 2026
/operating_model/cells/acquisition_payables_current:shared/source_dateNone2026-08-10
/operating_model/cells/acquisition_payables_current:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/acquisition_payables_current:shared/unitNoneUSD_millions
/operating_model/cells/acquisition_payables_current:shared/valueNone537.381
/operating_model/cells/acquisition_payables_long:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/acquisition_payables_long:shared/caseNoneshared
/operating_model/cells/acquisition_payables_long:shared/idNoneacquisition_payables_long
/operating_model/cells/acquisition_payables_long:shared/kindNonereported
/operating_model/cells/acquisition_payables_long:shared/labelNoneacquisition payables long
/operating_model/cells/acquisition_payables_long:shared/periodNoneJune 2026
/operating_model/cells/acquisition_payables_long:shared/source_dateNone2026-08-10
/operating_model/cells/acquisition_payables_long:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/acquisition_payables_long:shared/unitNoneUSD_millions
/operating_model/cells/acquisition_payables_long:shared/valueNone165.624
/operating_model/cells/base_2026q3_adjusted_ebitda:base/basisNoneScenario Q3 adjusted profit.
/operating_model/cells/base_2026q3_adjusted_ebitda:base/caseNonebase
/operating_model/cells/base_2026q3_adjusted_ebitda:base/formula/opNonemultiply
/operating_model/cells/base_2026q3_adjusted_ebitda:base/formula/refs/0Noneq3_adjusted_guide
/operating_model/cells/base_2026q3_adjusted_ebitda:base/formula/refs/1Nonebase_adjfactor
/operating_model/cells/base_2026q3_adjusted_ebitda:base/idNonebase_2026q3_adjusted_ebitda
/operating_model/cells/base_2026q3_adjusted_ebitda:base/kindNonederived
/operating_model/cells/base_2026q3_adjusted_ebitda:base/labelNoneAdjusted EBITDA
/operating_model/cells/base_2026q3_adjusted_ebitda:base/periodNone2026Q3
/operating_model/cells/base_2026q3_adjusted_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_adjusted_ebitda:base/valueNone85.0
/operating_model/cells/base_2026q3_adjusted_exclusions:base/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/base_2026q3_adjusted_exclusions:base/caseNonebase
/operating_model/cells/base_2026q3_adjusted_exclusions:base/formula/opNonesum
/operating_model/cells/base_2026q3_adjusted_exclusions:base/formula/refs/0Nonebase_2026q3_sbc
/operating_model/cells/base_2026q3_adjusted_exclusions:base/formula/refs/1Nonebase_2026q3_da
/operating_model/cells/base_2026q3_adjusted_exclusions:base/formula/refs/2Nonebase_2026q3_sbc_payroll
/operating_model/cells/base_2026q3_adjusted_exclusions:base/formula/refs/3Nonebase_2026q3_integration
/operating_model/cells/base_2026q3_adjusted_exclusions:base/idNonebase_2026q3_adjusted_exclusions
/operating_model/cells/base_2026q3_adjusted_exclusions:base/kindNonederived
/operating_model/cells/base_2026q3_adjusted_exclusions:base/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/base_2026q3_adjusted_exclusions:base/periodNone2026Q3
/operating_model/cells/base_2026q3_adjusted_exclusions:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_adjusted_exclusions:base/valueNone97.5
/operating_model/cells/base_2026q3_capex:base/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/base_2026q3_capex:base/caseNonebase
/operating_model/cells/base_2026q3_capex:base/formula/opNonesum
/operating_model/cells/base_2026q3_capex:base/formula/refs/0Nonebase_2026q3_ordinary_capex
/operating_model/cells/base_2026q3_capex:base/formula/refs/1Nonebase_2026q3_peptide_cash
/operating_model/cells/base_2026q3_capex:base/idNonebase_2026q3_capex
/operating_model/cells/base_2026q3_capex:base/kindNonederived
/operating_model/cells/base_2026q3_capex:base/labelNonePP&E and intangible cash purchases
/operating_model/cells/base_2026q3_capex:base/periodNone2026Q3
/operating_model/cells/base_2026q3_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_capex:base/valueNone37.0
/operating_model/cells/base_2026q3_cash_before_uses:base/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/base_2026q3_cash_before_uses:base/caseNonebase
/operating_model/cells/base_2026q3_cash_before_uses:base/formula/opNonesum
/operating_model/cells/base_2026q3_cash_before_uses:base/formula/refs/0Nonebase_2026q3_operating_income
/operating_model/cells/base_2026q3_cash_before_uses:base/formula/refs/1Nonebase_2026q3_sbc
/operating_model/cells/base_2026q3_cash_before_uses:base/formula/refs/2Nonebase_2026q3_da
/operating_model/cells/base_2026q3_cash_before_uses:base/formula/refs/3Nonebase_2026q3_net_cash_interest
/operating_model/cells/base_2026q3_cash_before_uses:base/idNonebase_2026q3_cash_before_uses
/operating_model/cells/base_2026q3_cash_before_uses:base/kindNonederived
/operating_model/cells/base_2026q3_cash_before_uses:base/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/base_2026q3_cash_before_uses:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_before_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cash_before_uses:base/valueNone75.5
/operating_model/cells/base_2026q3_cash_election:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_cash_election:base/caseNonebase
/operating_model/cells/base_2026q3_cash_election:base/idNonebase_2026q3_cash_election
/operating_model/cells/base_2026q3_cash_election:base/kindNoneassumption
/operating_model/cells/base_2026q3_cash_election:base/labelNoneAssumed cash election in stress
/operating_model/cells/base_2026q3_cash_election:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_election:base/unitNoneratio
/operating_model/cells/base_2026q3_cash_election:base/valueNone1.0
/operating_model/cells/base_2026q3_cash_tax:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_cash_tax:base/caseNonebase
/operating_model/cells/base_2026q3_cash_tax:base/idNonebase_2026q3_cash_tax
/operating_model/cells/base_2026q3_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2026q3_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2026q3_cash_tax:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cash_tax:base/valueNone5.0
/operating_model/cells/base_2026q3_cash_uses:base/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/base_2026q3_cash_uses:base/caseNonebase
/operating_model/cells/base_2026q3_cash_uses:base/formula/opNonesum
/operating_model/cells/base_2026q3_cash_uses:base/formula/refs/0Nonebase_2026q3_legal_payment
/operating_model/cells/base_2026q3_cash_uses:base/formula/refs/1Nonebase_2026q3_net_rebate_payable_use
/operating_model/cells/base_2026q3_cash_uses:base/formula/refs/2Nonebase_2026q3_cash_tax
/operating_model/cells/base_2026q3_cash_uses:base/idNonebase_2026q3_cash_uses
/operating_model/cells/base_2026q3_cash_uses:base/kindNonederived
/operating_model/cells/base_2026q3_cash_uses:base/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/base_2026q3_cash_uses:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cash_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cash_uses:base/valueNone61.25
/operating_model/cells/base_2026q3_cfo:base/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/base_2026q3_cfo:base/caseNonebase
/operating_model/cells/base_2026q3_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_cfo:base/formula/refs/0Nonebase_2026q3_cash_before_uses
/operating_model/cells/base_2026q3_cfo:base/formula/refs/1Nonebase_2026q3_cash_uses
/operating_model/cells/base_2026q3_cfo:base/idNonebase_2026q3_cfo
/operating_model/cells/base_2026q3_cfo:base/kindNonederived
/operating_model/cells/base_2026q3_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2026q3_cfo:base/periodNone2026Q3
/operating_model/cells/base_2026q3_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_cfo:base/valueNone14.25
/operating_model/cells/base_2026q3_company_fcf:base/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/base_2026q3_company_fcf:base/caseNonebase
/operating_model/cells/base_2026q3_company_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_company_fcf:base/formula/refs/0Nonebase_2026q3_fcf
/operating_model/cells/base_2026q3_company_fcf:base/formula/refs/1Nonebase_2026q3_software
/operating_model/cells/base_2026q3_company_fcf:base/idNonebase_2026q3_company_fcf
/operating_model/cells/base_2026q3_company_fcf:base/kindNonederived
/operating_model/cells/base_2026q3_company_fcf:base/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/base_2026q3_company_fcf:base/periodNone2026Q3
/operating_model/cells/base_2026q3_company_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_company_fcf:base/valueNone-29.75
/operating_model/cells/base_2026q3_da:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_da:base/caseNonebase
/operating_model/cells/base_2026q3_da:base/idNonebase_2026q3_da
/operating_model/cells/base_2026q3_da:base/kindNoneassumption
/operating_model/cells/base_2026q3_da:base/labelNoneDepreciation and amortization
/operating_model/cells/base_2026q3_da:base/periodNone2026Q3
/operating_model/cells/base_2026q3_da:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_da:base/valueNone40.0
/operating_model/cells/base_2026q3_deferred_cash_stress:base/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/base_2026q3_deferred_cash_stress:base/caseNonebase
/operating_model/cells/base_2026q3_deferred_cash_stress:base/formula/opNonemultiply
/operating_model/cells/base_2026q3_deferred_cash_stress:base/formula/refs/0Nonecash_installment_stress
/operating_model/cells/base_2026q3_deferred_cash_stress:base/formula/refs/1Nonebase_2026q3_cash_election
/operating_model/cells/base_2026q3_deferred_cash_stress:base/idNonebase_2026q3_deferred_cash_stress
/operating_model/cells/base_2026q3_deferred_cash_stress:base/kindNonederived
/operating_model/cells/base_2026q3_deferred_cash_stress:base/labelNoneEucalyptus deferred cash stress
/operating_model/cells/base_2026q3_deferred_cash_stress:base/periodNone2026Q3
/operating_model/cells/base_2026q3_deferred_cash_stress:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_deferred_cash_stress:base/valueNone113.98333333333333
/operating_model/cells/base_2026q3_fcf:base/basisNoneGeneric historical cash definition.
/operating_model/cells/base_2026q3_fcf:base/caseNonebase
/operating_model/cells/base_2026q3_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_fcf:base/formula/refs/0Nonebase_2026q3_cfo
/operating_model/cells/base_2026q3_fcf:base/formula/refs/1Nonebase_2026q3_capex
/operating_model/cells/base_2026q3_fcf:base/idNonebase_2026q3_fcf
/operating_model/cells/base_2026q3_fcf:base/kindNonederived
/operating_model/cells/base_2026q3_fcf:base/labelNoneCFO less PP&E/intangibles
/operating_model/cells/base_2026q3_fcf:base/periodNone2026Q3
/operating_model/cells/base_2026q3_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_fcf:base/valueNone-22.75
/operating_model/cells/base_2026q3_funding_cash:base/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/base_2026q3_funding_cash:base/caseNonebase
/operating_model/cells/base_2026q3_funding_cash:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_funding_cash:base/formula/refs/0Nonebase_2026q3_company_fcf
/operating_model/cells/base_2026q3_funding_cash:base/formula/refs/1Nonebase_2026q3_funding_uses
/operating_model/cells/base_2026q3_funding_cash:base/idNonebase_2026q3_funding_cash
/operating_model/cells/base_2026q3_funding_cash:base/kindNonederived
/operating_model/cells/base_2026q3_funding_cash:base/labelNoneCash after acquisition/award funding stress
/operating_model/cells/base_2026q3_funding_cash:base/periodNone2026Q3
/operating_model/cells/base_2026q3_funding_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_funding_cash:base/valueNone-178.73333333333335
/operating_model/cells/base_2026q3_funding_uses:base/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/base_2026q3_funding_uses:base/caseNonebase
/operating_model/cells/base_2026q3_funding_uses:base/formula/opNonesum
/operating_model/cells/base_2026q3_funding_uses:base/formula/refs/0Nonebase_2026q3_deferred_cash_stress
/operating_model/cells/base_2026q3_funding_uses:base/formula/refs/1Nonebase_2026q3_withholding
/operating_model/cells/base_2026q3_funding_uses:base/idNonebase_2026q3_funding_uses
/operating_model/cells/base_2026q3_funding_uses:base/kindNonederived
/operating_model/cells/base_2026q3_funding_uses:base/labelNoneAcquisition stress and equity award cash
/operating_model/cells/base_2026q3_funding_uses:base/periodNone2026Q3
/operating_model/cells/base_2026q3_funding_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_funding_uses:base/valueNone148.98333333333335
/operating_model/cells/base_2026q3_gross_profit:base/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/base_2026q3_gross_profit:base/caseNonebase
/operating_model/cells/base_2026q3_gross_profit:base/formula/opNonesum
/operating_model/cells/base_2026q3_gross_profit:base/formula/refs/0Nonebase_2026q3_us_gross
/operating_model/cells/base_2026q3_gross_profit:base/formula/refs/1Nonebase_2026q3_international_gross
/operating_model/cells/base_2026q3_gross_profit:base/idNonebase_2026q3_gross_profit
/operating_model/cells/base_2026q3_gross_profit:base/kindNonederived
/operating_model/cells/base_2026q3_gross_profit:base/labelNoneGAAP gross profit proxy
/operating_model/cells/base_2026q3_gross_profit:base/periodNone2026Q3
/operating_model/cells/base_2026q3_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_gross_profit:base/valueNone557.5
/operating_model/cells/base_2026q3_integration:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_integration:base/caseNonebase
/operating_model/cells/base_2026q3_integration:base/idNonebase_2026q3_integration
/operating_model/cells/base_2026q3_integration:base/kindNoneassumption
/operating_model/cells/base_2026q3_integration:base/labelNoneCash transaction and integration expense
/operating_model/cells/base_2026q3_integration:base/periodNone2026Q3
/operating_model/cells/base_2026q3_integration:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_integration:base/valueNone10.0
/operating_model/cells/base_2026q3_international:base/basisNoneGeographic residual includes acquired businesses.
/operating_model/cells/base_2026q3_international:base/caseNonebase
/operating_model/cells/base_2026q3_international:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_international:base/formula/refs/0Nonebase_2026q3_revenue
/operating_model/cells/base_2026q3_international:base/formula/refs/1Nonebase_2026q3_us
/operating_model/cells/base_2026q3_international:base/idNonebase_2026q3_international
/operating_model/cells/base_2026q3_international:base/kindNonederived
/operating_model/cells/base_2026q3_international:base/labelNoneRest-of-world revenue
/operating_model/cells/base_2026q3_international:base/periodNone2026Q3
/operating_model/cells/base_2026q3_international:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_international:base/valueNone210.0
/operating_model/cells/base_2026q3_international_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2026q3_international_gross:base/caseNonebase
/operating_model/cells/base_2026q3_international_gross:base/formula/opNonemultiply
/operating_model/cells/base_2026q3_international_gross:base/formula/refs/0Nonebase_2026q3_international
/operating_model/cells/base_2026q3_international_gross:base/formula/refs/1Nonebase_2026q3_international_gross_margin
/operating_model/cells/base_2026q3_international_gross:base/idNonebase_2026q3_international_gross
/operating_model/cells/base_2026q3_international_gross:base/kindNonederived
/operating_model/cells/base_2026q3_international_gross:base/labelNoneGAAP gross profit: international
/operating_model/cells/base_2026q3_international_gross:base/periodNone2026Q3
/operating_model/cells/base_2026q3_international_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_international_gross:base/valueNone115.50000000000001
/operating_model/cells/base_2026q3_international_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_international_gross_margin:base/caseNonebase
/operating_model/cells/base_2026q3_international_gross_margin:base/idNonebase_2026q3_international_gross_margin
/operating_model/cells/base_2026q3_international_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2026q3_international_gross_margin:base/labelNoneGAAP gross margin: international
/operating_model/cells/base_2026q3_international_gross_margin:base/periodNone2026Q3
/operating_model/cells/base_2026q3_international_gross_margin:base/unitNoneratio
/operating_model/cells/base_2026q3_international_gross_margin:base/valueNone0.55
/operating_model/cells/base_2026q3_legal_payment:base/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/base_2026q3_legal_payment:base/caseNonebase
/operating_model/cells/base_2026q3_legal_payment:base/idNonebase_2026q3_legal_payment
/operating_model/cells/base_2026q3_legal_payment:base/kindNoneassumption
/operating_model/cells/base_2026q3_legal_payment:base/labelNonePayment of existing June legal reserve
/operating_model/cells/base_2026q3_legal_payment:base/periodNone2026Q3
/operating_model/cells/base_2026q3_legal_payment:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_legal_payment:base/valueNone31.25
/operating_model/cells/base_2026q3_net_cash_interest:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_net_cash_interest:base/caseNonebase
/operating_model/cells/base_2026q3_net_cash_interest:base/idNonebase_2026q3_net_cash_interest
/operating_model/cells/base_2026q3_net_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2026q3_net_cash_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2026q3_net_cash_interest:base/periodNone2026Q3
/operating_model/cells/base_2026q3_net_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_net_cash_interest:base/valueNone3.0
/operating_model/cells/base_2026q3_net_rebate_payable_use:base/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/base_2026q3_net_rebate_payable_use:base/caseNonebase
/operating_model/cells/base_2026q3_net_rebate_payable_use:base/idNonebase_2026q3_net_rebate_payable_use
/operating_model/cells/base_2026q3_net_rebate_payable_use:base/kindNoneassumption
/operating_model/cells/base_2026q3_net_rebate_payable_use:base/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/base_2026q3_net_rebate_payable_use:base/periodNone2026Q3
/operating_model/cells/base_2026q3_net_rebate_payable_use:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_net_rebate_payable_use:base/valueNone25.0
/operating_model/cells/base_2026q3_operating_income:base/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/base_2026q3_operating_income:base/caseNonebase
/operating_model/cells/base_2026q3_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2026q3_operating_income:base/formula/refs/0Nonebase_2026q3_adjusted_ebitda
/operating_model/cells/base_2026q3_operating_income:base/formula/refs/1Nonebase_2026q3_adjusted_exclusions
/operating_model/cells/base_2026q3_operating_income:base/idNonebase_2026q3_operating_income
/operating_model/cells/base_2026q3_operating_income:base/kindNonederived
/operating_model/cells/base_2026q3_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2026q3_operating_income:base/periodNone2026Q3
/operating_model/cells/base_2026q3_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_operating_income:base/valueNone-12.5
/operating_model/cells/base_2026q3_ordinary_capex:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_ordinary_capex:base/caseNonebase
/operating_model/cells/base_2026q3_ordinary_capex:base/idNonebase_2026q3_ordinary_capex
/operating_model/cells/base_2026q3_ordinary_capex:base/kindNoneassumption
/operating_model/cells/base_2026q3_ordinary_capex:base/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/base_2026q3_ordinary_capex:base/periodNone2026Q3
/operating_model/cells/base_2026q3_ordinary_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_ordinary_capex:base/valueNone32.0
/operating_model/cells/base_2026q3_peptide_cash:base/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/base_2026q3_peptide_cash:base/caseNonebase
/operating_model/cells/base_2026q3_peptide_cash:base/idNonebase_2026q3_peptide_cash
/operating_model/cells/base_2026q3_peptide_cash:base/kindNoneassumption
/operating_model/cells/base_2026q3_peptide_cash:base/labelNonePeptide technology cash milestone assumption
/operating_model/cells/base_2026q3_peptide_cash:base/periodNone2026Q3
/operating_model/cells/base_2026q3_peptide_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_peptide_cash:base/valueNone5.0
/operating_model/cells/base_2026q3_revenue:base/basisNoneScenario Q3 sales.
/operating_model/cells/base_2026q3_revenue:base/caseNonebase
/operating_model/cells/base_2026q3_revenue:base/formula/opNonemultiply
/operating_model/cells/base_2026q3_revenue:base/formula/refs/0Noneq3_revenue_guide
/operating_model/cells/base_2026q3_revenue:base/formula/refs/1Nonebase_delivery
/operating_model/cells/base_2026q3_revenue:base/idNonebase_2026q3_revenue
/operating_model/cells/base_2026q3_revenue:base/kindNonederived
/operating_model/cells/base_2026q3_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2026q3_revenue:base/periodNone2026Q3
/operating_model/cells/base_2026q3_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_revenue:base/valueNone890.0
/operating_model/cells/base_2026q3_sbc:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_sbc:base/caseNonebase
/operating_model/cells/base_2026q3_sbc:base/idNonebase_2026q3_sbc
/operating_model/cells/base_2026q3_sbc:base/kindNoneassumption
/operating_model/cells/base_2026q3_sbc:base/labelNoneTotal equity compensation expense
/operating_model/cells/base_2026q3_sbc:base/periodNone2026Q3
/operating_model/cells/base_2026q3_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_sbc:base/valueNone45.0
/operating_model/cells/base_2026q3_sbc_payroll:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_sbc_payroll:base/caseNonebase
/operating_model/cells/base_2026q3_sbc_payroll:base/idNonebase_2026q3_sbc_payroll
/operating_model/cells/base_2026q3_sbc_payroll:base/kindNoneassumption
/operating_model/cells/base_2026q3_sbc_payroll:base/labelNoneCash employer payroll tax on equity
/operating_model/cells/base_2026q3_sbc_payroll:base/periodNone2026Q3
/operating_model/cells/base_2026q3_sbc_payroll:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_sbc_payroll:base/valueNone2.5
/operating_model/cells/base_2026q3_software:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_software:base/caseNonebase
/operating_model/cells/base_2026q3_software:base/idNonebase_2026q3_software
/operating_model/cells/base_2026q3_software:base/kindNoneassumption
/operating_model/cells/base_2026q3_software:base/labelNoneCapitalized software cash
/operating_model/cells/base_2026q3_software:base/periodNone2026Q3
/operating_model/cells/base_2026q3_software:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_software:base/valueNone7.0
/operating_model/cells/base_2026q3_us:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_us:base/caseNonebase
/operating_model/cells/base_2026q3_us:base/idNonebase_2026q3_us
/operating_model/cells/base_2026q3_us:base/kindNoneassumption
/operating_model/cells/base_2026q3_us:base/labelNoneUS revenue
/operating_model/cells/base_2026q3_us:base/periodNone2026Q3
/operating_model/cells/base_2026q3_us:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_us:base/valueNone680.0
/operating_model/cells/base_2026q3_us_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2026q3_us_gross:base/caseNonebase
/operating_model/cells/base_2026q3_us_gross:base/formula/opNonemultiply
/operating_model/cells/base_2026q3_us_gross:base/formula/refs/0Nonebase_2026q3_us
/operating_model/cells/base_2026q3_us_gross:base/formula/refs/1Nonebase_2026q3_us_gross_margin
/operating_model/cells/base_2026q3_us_gross:base/idNonebase_2026q3_us_gross
/operating_model/cells/base_2026q3_us_gross:base/kindNonederived
/operating_model/cells/base_2026q3_us_gross:base/labelNoneGAAP gross profit: us
/operating_model/cells/base_2026q3_us_gross:base/periodNone2026Q3
/operating_model/cells/base_2026q3_us_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_us_gross:base/valueNone442.0
/operating_model/cells/base_2026q3_us_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_us_gross_margin:base/caseNonebase
/operating_model/cells/base_2026q3_us_gross_margin:base/idNonebase_2026q3_us_gross_margin
/operating_model/cells/base_2026q3_us_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2026q3_us_gross_margin:base/labelNoneGAAP gross margin: us
/operating_model/cells/base_2026q3_us_gross_margin:base/periodNone2026Q3
/operating_model/cells/base_2026q3_us_gross_margin:base/unitNoneratio
/operating_model/cells/base_2026q3_us_gross_margin:base/valueNone0.65
/operating_model/cells/base_2026q3_withholding:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q3_withholding:base/caseNonebase
/operating_model/cells/base_2026q3_withholding:base/idNonebase_2026q3_withholding
/operating_model/cells/base_2026q3_withholding:base/kindNoneassumption
/operating_model/cells/base_2026q3_withholding:base/labelNoneAward tax withholding cash
/operating_model/cells/base_2026q3_withholding:base/periodNone2026Q3
/operating_model/cells/base_2026q3_withholding:base/unitNoneUSD_millions
/operating_model/cells/base_2026q3_withholding:base/valueNone35.0
/operating_model/cells/base_2026q4_adjusted_ebitda:base/basisNoneRemaining annual adjusted EBITDA.
/operating_model/cells/base_2026q4_adjusted_ebitda:base/caseNonebase
/operating_model/cells/base_2026q4_adjusted_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_adjusted_ebitda:base/formula/refs/0Nonebase_h2_adjusted_ebitda
/operating_model/cells/base_2026q4_adjusted_ebitda:base/formula/refs/1Nonebase_2026q3_adjusted_ebitda
/operating_model/cells/base_2026q4_adjusted_ebitda:base/idNonebase_2026q4_adjusted_ebitda
/operating_model/cells/base_2026q4_adjusted_ebitda:base/kindNonederived
/operating_model/cells/base_2026q4_adjusted_ebitda:base/labelNoneAdjusted EBITDA
/operating_model/cells/base_2026q4_adjusted_ebitda:base/periodNone2026Q4
/operating_model/cells/base_2026q4_adjusted_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_adjusted_ebitda:base/valueNone110.39699999999999
/operating_model/cells/base_2026q4_adjusted_exclusions:base/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/base_2026q4_adjusted_exclusions:base/caseNonebase
/operating_model/cells/base_2026q4_adjusted_exclusions:base/formula/opNonesum
/operating_model/cells/base_2026q4_adjusted_exclusions:base/formula/refs/0Nonebase_2026q4_sbc
/operating_model/cells/base_2026q4_adjusted_exclusions:base/formula/refs/1Nonebase_2026q4_da
/operating_model/cells/base_2026q4_adjusted_exclusions:base/formula/refs/2Nonebase_2026q4_sbc_payroll
/operating_model/cells/base_2026q4_adjusted_exclusions:base/formula/refs/3Nonebase_2026q4_integration
/operating_model/cells/base_2026q4_adjusted_exclusions:base/idNonebase_2026q4_adjusted_exclusions
/operating_model/cells/base_2026q4_adjusted_exclusions:base/kindNonederived
/operating_model/cells/base_2026q4_adjusted_exclusions:base/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/base_2026q4_adjusted_exclusions:base/periodNone2026Q4
/operating_model/cells/base_2026q4_adjusted_exclusions:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_adjusted_exclusions:base/valueNone98.5
/operating_model/cells/base_2026q4_capex:base/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/base_2026q4_capex:base/caseNonebase
/operating_model/cells/base_2026q4_capex:base/formula/opNonesum
/operating_model/cells/base_2026q4_capex:base/formula/refs/0Nonebase_2026q4_ordinary_capex
/operating_model/cells/base_2026q4_capex:base/formula/refs/1Nonebase_2026q4_peptide_cash
/operating_model/cells/base_2026q4_capex:base/idNonebase_2026q4_capex
/operating_model/cells/base_2026q4_capex:base/kindNonederived
/operating_model/cells/base_2026q4_capex:base/labelNonePP&E and intangible cash purchases
/operating_model/cells/base_2026q4_capex:base/periodNone2026Q4
/operating_model/cells/base_2026q4_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_capex:base/valueNone42.0
/operating_model/cells/base_2026q4_cash_before_uses:base/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/base_2026q4_cash_before_uses:base/caseNonebase
/operating_model/cells/base_2026q4_cash_before_uses:base/formula/opNonesum
/operating_model/cells/base_2026q4_cash_before_uses:base/formula/refs/0Nonebase_2026q4_operating_income
/operating_model/cells/base_2026q4_cash_before_uses:base/formula/refs/1Nonebase_2026q4_sbc
/operating_model/cells/base_2026q4_cash_before_uses:base/formula/refs/2Nonebase_2026q4_da
/operating_model/cells/base_2026q4_cash_before_uses:base/formula/refs/3Nonebase_2026q4_net_cash_interest
/operating_model/cells/base_2026q4_cash_before_uses:base/idNonebase_2026q4_cash_before_uses
/operating_model/cells/base_2026q4_cash_before_uses:base/kindNonederived
/operating_model/cells/base_2026q4_cash_before_uses:base/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/base_2026q4_cash_before_uses:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_before_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_before_uses:base/valueNone102.89699999999999
/operating_model/cells/base_2026q4_cash_election:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_cash_election:base/caseNonebase
/operating_model/cells/base_2026q4_cash_election:base/idNonebase_2026q4_cash_election
/operating_model/cells/base_2026q4_cash_election:base/kindNoneassumption
/operating_model/cells/base_2026q4_cash_election:base/labelNoneAssumed cash election in stress
/operating_model/cells/base_2026q4_cash_election:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_election:base/unitNoneratio
/operating_model/cells/base_2026q4_cash_election:base/valueNone1.0
/operating_model/cells/base_2026q4_cash_tax:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_cash_tax:base/caseNonebase
/operating_model/cells/base_2026q4_cash_tax:base/idNonebase_2026q4_cash_tax
/operating_model/cells/base_2026q4_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2026q4_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2026q4_cash_tax:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_tax:base/valueNone5.0
/operating_model/cells/base_2026q4_cash_uses:base/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/base_2026q4_cash_uses:base/caseNonebase
/operating_model/cells/base_2026q4_cash_uses:base/formula/opNonesum
/operating_model/cells/base_2026q4_cash_uses:base/formula/refs/0Nonebase_2026q4_legal_payment
/operating_model/cells/base_2026q4_cash_uses:base/formula/refs/1Nonebase_2026q4_net_rebate_payable_use
/operating_model/cells/base_2026q4_cash_uses:base/formula/refs/2Nonebase_2026q4_cash_tax
/operating_model/cells/base_2026q4_cash_uses:base/idNonebase_2026q4_cash_uses
/operating_model/cells/base_2026q4_cash_uses:base/kindNonederived
/operating_model/cells/base_2026q4_cash_uses:base/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/base_2026q4_cash_uses:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cash_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cash_uses:base/valueNone46.25
/operating_model/cells/base_2026q4_cfo:base/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/base_2026q4_cfo:base/caseNonebase
/operating_model/cells/base_2026q4_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_cfo:base/formula/refs/0Nonebase_2026q4_cash_before_uses
/operating_model/cells/base_2026q4_cfo:base/formula/refs/1Nonebase_2026q4_cash_uses
/operating_model/cells/base_2026q4_cfo:base/idNonebase_2026q4_cfo
/operating_model/cells/base_2026q4_cfo:base/kindNonederived
/operating_model/cells/base_2026q4_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2026q4_cfo:base/periodNone2026Q4
/operating_model/cells/base_2026q4_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_cfo:base/valueNone56.64699999999999
/operating_model/cells/base_2026q4_company_fcf:base/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/base_2026q4_company_fcf:base/caseNonebase
/operating_model/cells/base_2026q4_company_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_company_fcf:base/formula/refs/0Nonebase_2026q4_fcf
/operating_model/cells/base_2026q4_company_fcf:base/formula/refs/1Nonebase_2026q4_software
/operating_model/cells/base_2026q4_company_fcf:base/idNonebase_2026q4_company_fcf
/operating_model/cells/base_2026q4_company_fcf:base/kindNonederived
/operating_model/cells/base_2026q4_company_fcf:base/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/base_2026q4_company_fcf:base/periodNone2026Q4
/operating_model/cells/base_2026q4_company_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_company_fcf:base/valueNone7.146999999999991
/operating_model/cells/base_2026q4_da:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_da:base/caseNonebase
/operating_model/cells/base_2026q4_da:base/idNonebase_2026q4_da
/operating_model/cells/base_2026q4_da:base/kindNoneassumption
/operating_model/cells/base_2026q4_da:base/labelNoneDepreciation and amortization
/operating_model/cells/base_2026q4_da:base/periodNone2026Q4
/operating_model/cells/base_2026q4_da:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_da:base/valueNone40.0
/operating_model/cells/base_2026q4_deferred_cash_stress:base/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/base_2026q4_deferred_cash_stress:base/caseNonebase
/operating_model/cells/base_2026q4_deferred_cash_stress:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_deferred_cash_stress:base/formula/refs/0Nonecash_installment_stress
/operating_model/cells/base_2026q4_deferred_cash_stress:base/formula/refs/1Nonebase_2026q4_cash_election
/operating_model/cells/base_2026q4_deferred_cash_stress:base/idNonebase_2026q4_deferred_cash_stress
/operating_model/cells/base_2026q4_deferred_cash_stress:base/kindNonederived
/operating_model/cells/base_2026q4_deferred_cash_stress:base/labelNoneEucalyptus deferred cash stress
/operating_model/cells/base_2026q4_deferred_cash_stress:base/periodNone2026Q4
/operating_model/cells/base_2026q4_deferred_cash_stress:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_deferred_cash_stress:base/valueNone113.98333333333333
/operating_model/cells/base_2026q4_fcf:base/basisNoneGeneric historical cash definition.
/operating_model/cells/base_2026q4_fcf:base/caseNonebase
/operating_model/cells/base_2026q4_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_fcf:base/formula/refs/0Nonebase_2026q4_cfo
/operating_model/cells/base_2026q4_fcf:base/formula/refs/1Nonebase_2026q4_capex
/operating_model/cells/base_2026q4_fcf:base/idNonebase_2026q4_fcf
/operating_model/cells/base_2026q4_fcf:base/kindNonederived
/operating_model/cells/base_2026q4_fcf:base/labelNoneCFO less PP&E/intangibles
/operating_model/cells/base_2026q4_fcf:base/periodNone2026Q4
/operating_model/cells/base_2026q4_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_fcf:base/valueNone14.646999999999991
/operating_model/cells/base_2026q4_funding_cash:base/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/base_2026q4_funding_cash:base/caseNonebase
/operating_model/cells/base_2026q4_funding_cash:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_funding_cash:base/formula/refs/0Nonebase_2026q4_company_fcf
/operating_model/cells/base_2026q4_funding_cash:base/formula/refs/1Nonebase_2026q4_funding_uses
/operating_model/cells/base_2026q4_funding_cash:base/idNonebase_2026q4_funding_cash
/operating_model/cells/base_2026q4_funding_cash:base/kindNonederived
/operating_model/cells/base_2026q4_funding_cash:base/labelNoneCash after acquisition/award funding stress
/operating_model/cells/base_2026q4_funding_cash:base/periodNone2026Q4
/operating_model/cells/base_2026q4_funding_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_funding_cash:base/valueNone-144.83633333333336
/operating_model/cells/base_2026q4_funding_uses:base/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/base_2026q4_funding_uses:base/caseNonebase
/operating_model/cells/base_2026q4_funding_uses:base/formula/opNonesum
/operating_model/cells/base_2026q4_funding_uses:base/formula/refs/0Nonebase_2026q4_deferred_cash_stress
/operating_model/cells/base_2026q4_funding_uses:base/formula/refs/1Nonebase_2026q4_withholding
/operating_model/cells/base_2026q4_funding_uses:base/idNonebase_2026q4_funding_uses
/operating_model/cells/base_2026q4_funding_uses:base/kindNonederived
/operating_model/cells/base_2026q4_funding_uses:base/labelNoneAcquisition stress and equity award cash
/operating_model/cells/base_2026q4_funding_uses:base/periodNone2026Q4
/operating_model/cells/base_2026q4_funding_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_funding_uses:base/valueNone151.98333333333335
/operating_model/cells/base_2026q4_gross_profit:base/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/base_2026q4_gross_profit:base/caseNonebase
/operating_model/cells/base_2026q4_gross_profit:base/formula/opNonesum
/operating_model/cells/base_2026q4_gross_profit:base/formula/refs/0Nonebase_2026q4_us_gross
/operating_model/cells/base_2026q4_gross_profit:base/formula/refs/1Nonebase_2026q4_international_gross
/operating_model/cells/base_2026q4_gross_profit:base/idNonebase_2026q4_gross_profit
/operating_model/cells/base_2026q4_gross_profit:base/kindNonederived
/operating_model/cells/base_2026q4_gross_profit:base/labelNoneGAAP gross profit proxy
/operating_model/cells/base_2026q4_gross_profit:base/periodNone2026Q4
/operating_model/cells/base_2026q4_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_gross_profit:base/valueNone594.2751000000001
/operating_model/cells/base_2026q4_integration:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_integration:base/caseNonebase
/operating_model/cells/base_2026q4_integration:base/idNonebase_2026q4_integration
/operating_model/cells/base_2026q4_integration:base/kindNoneassumption
/operating_model/cells/base_2026q4_integration:base/labelNoneCash transaction and integration expense
/operating_model/cells/base_2026q4_integration:base/periodNone2026Q4
/operating_model/cells/base_2026q4_integration:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_integration:base/valueNone8.0
/operating_model/cells/base_2026q4_international:base/basisNoneGeographic residual includes acquired businesses.
/operating_model/cells/base_2026q4_international:base/caseNonebase
/operating_model/cells/base_2026q4_international:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_international:base/formula/refs/0Nonebase_2026q4_revenue
/operating_model/cells/base_2026q4_international:base/formula/refs/1Nonebase_2026q4_us
/operating_model/cells/base_2026q4_international:base/idNonebase_2026q4_international
/operating_model/cells/base_2026q4_international:base/kindNonederived
/operating_model/cells/base_2026q4_international:base/labelNoneRest-of-world revenue
/operating_model/cells/base_2026q4_international:base/periodNone2026Q4
/operating_model/cells/base_2026q4_international:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_international:base/valueNone223.68200000000002
/operating_model/cells/base_2026q4_international_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2026q4_international_gross:base/caseNonebase
/operating_model/cells/base_2026q4_international_gross:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_international_gross:base/formula/refs/0Nonebase_2026q4_international
/operating_model/cells/base_2026q4_international_gross:base/formula/refs/1Nonebase_2026q4_international_gross_margin
/operating_model/cells/base_2026q4_international_gross:base/idNonebase_2026q4_international_gross
/operating_model/cells/base_2026q4_international_gross:base/kindNonederived
/operating_model/cells/base_2026q4_international_gross:base/labelNoneGAAP gross profit: international
/operating_model/cells/base_2026q4_international_gross:base/periodNone2026Q4
/operating_model/cells/base_2026q4_international_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_international_gross:base/valueNone123.02510000000002
/operating_model/cells/base_2026q4_international_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_international_gross_margin:base/caseNonebase
/operating_model/cells/base_2026q4_international_gross_margin:base/idNonebase_2026q4_international_gross_margin
/operating_model/cells/base_2026q4_international_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2026q4_international_gross_margin:base/labelNoneGAAP gross margin: international
/operating_model/cells/base_2026q4_international_gross_margin:base/periodNone2026Q4
/operating_model/cells/base_2026q4_international_gross_margin:base/unitNoneratio
/operating_model/cells/base_2026q4_international_gross_margin:base/valueNone0.55
/operating_model/cells/base_2026q4_legal_payment:base/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/base_2026q4_legal_payment:base/caseNonebase
/operating_model/cells/base_2026q4_legal_payment:base/idNonebase_2026q4_legal_payment
/operating_model/cells/base_2026q4_legal_payment:base/kindNoneassumption
/operating_model/cells/base_2026q4_legal_payment:base/labelNonePayment of existing June legal reserve
/operating_model/cells/base_2026q4_legal_payment:base/periodNone2026Q4
/operating_model/cells/base_2026q4_legal_payment:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_legal_payment:base/valueNone31.25
/operating_model/cells/base_2026q4_net_cash_interest:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_net_cash_interest:base/caseNonebase
/operating_model/cells/base_2026q4_net_cash_interest:base/idNonebase_2026q4_net_cash_interest
/operating_model/cells/base_2026q4_net_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2026q4_net_cash_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2026q4_net_cash_interest:base/periodNone2026Q4
/operating_model/cells/base_2026q4_net_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_net_cash_interest:base/valueNone3.0
/operating_model/cells/base_2026q4_net_rebate_payable_use:base/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/base_2026q4_net_rebate_payable_use:base/caseNonebase
/operating_model/cells/base_2026q4_net_rebate_payable_use:base/idNonebase_2026q4_net_rebate_payable_use
/operating_model/cells/base_2026q4_net_rebate_payable_use:base/kindNoneassumption
/operating_model/cells/base_2026q4_net_rebate_payable_use:base/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/base_2026q4_net_rebate_payable_use:base/periodNone2026Q4
/operating_model/cells/base_2026q4_net_rebate_payable_use:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_net_rebate_payable_use:base/valueNone10.0
/operating_model/cells/base_2026q4_operating_income:base/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/base_2026q4_operating_income:base/caseNonebase
/operating_model/cells/base_2026q4_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_operating_income:base/formula/refs/0Nonebase_2026q4_adjusted_ebitda
/operating_model/cells/base_2026q4_operating_income:base/formula/refs/1Nonebase_2026q4_adjusted_exclusions
/operating_model/cells/base_2026q4_operating_income:base/idNonebase_2026q4_operating_income
/operating_model/cells/base_2026q4_operating_income:base/kindNonederived
/operating_model/cells/base_2026q4_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2026q4_operating_income:base/periodNone2026Q4
/operating_model/cells/base_2026q4_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_operating_income:base/valueNone11.896999999999991
/operating_model/cells/base_2026q4_ordinary_capex:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_ordinary_capex:base/caseNonebase
/operating_model/cells/base_2026q4_ordinary_capex:base/idNonebase_2026q4_ordinary_capex
/operating_model/cells/base_2026q4_ordinary_capex:base/kindNoneassumption
/operating_model/cells/base_2026q4_ordinary_capex:base/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/base_2026q4_ordinary_capex:base/periodNone2026Q4
/operating_model/cells/base_2026q4_ordinary_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_ordinary_capex:base/valueNone32.0
/operating_model/cells/base_2026q4_peptide_cash:base/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/base_2026q4_peptide_cash:base/caseNonebase
/operating_model/cells/base_2026q4_peptide_cash:base/idNonebase_2026q4_peptide_cash
/operating_model/cells/base_2026q4_peptide_cash:base/kindNoneassumption
/operating_model/cells/base_2026q4_peptide_cash:base/labelNonePeptide technology cash milestone assumption
/operating_model/cells/base_2026q4_peptide_cash:base/periodNone2026Q4
/operating_model/cells/base_2026q4_peptide_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_peptide_cash:base/valueNone10.0
/operating_model/cells/base_2026q4_revenue:base/basisNoneRemaining annual revenue after H1 and Q3.
/operating_model/cells/base_2026q4_revenue:base/caseNonebase
/operating_model/cells/base_2026q4_revenue:base/formula/opNonesubtract
/operating_model/cells/base_2026q4_revenue:base/formula/refs/0Nonebase_h2_revenue
/operating_model/cells/base_2026q4_revenue:base/formula/refs/1Nonebase_2026q3_revenue
/operating_model/cells/base_2026q4_revenue:base/idNonebase_2026q4_revenue
/operating_model/cells/base_2026q4_revenue:base/kindNonederived
/operating_model/cells/base_2026q4_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2026q4_revenue:base/periodNone2026Q4
/operating_model/cells/base_2026q4_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_revenue:base/valueNone948.682
/operating_model/cells/base_2026q4_sbc:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_sbc:base/caseNonebase
/operating_model/cells/base_2026q4_sbc:base/idNonebase_2026q4_sbc
/operating_model/cells/base_2026q4_sbc:base/kindNoneassumption
/operating_model/cells/base_2026q4_sbc:base/labelNoneTotal equity compensation expense
/operating_model/cells/base_2026q4_sbc:base/periodNone2026Q4
/operating_model/cells/base_2026q4_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_sbc:base/valueNone48.0
/operating_model/cells/base_2026q4_sbc_payroll:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_sbc_payroll:base/caseNonebase
/operating_model/cells/base_2026q4_sbc_payroll:base/idNonebase_2026q4_sbc_payroll
/operating_model/cells/base_2026q4_sbc_payroll:base/kindNoneassumption
/operating_model/cells/base_2026q4_sbc_payroll:base/labelNoneCash employer payroll tax on equity
/operating_model/cells/base_2026q4_sbc_payroll:base/periodNone2026Q4
/operating_model/cells/base_2026q4_sbc_payroll:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_sbc_payroll:base/valueNone2.5
/operating_model/cells/base_2026q4_software:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_software:base/caseNonebase
/operating_model/cells/base_2026q4_software:base/idNonebase_2026q4_software
/operating_model/cells/base_2026q4_software:base/kindNoneassumption
/operating_model/cells/base_2026q4_software:base/labelNoneCapitalized software cash
/operating_model/cells/base_2026q4_software:base/periodNone2026Q4
/operating_model/cells/base_2026q4_software:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_software:base/valueNone7.5
/operating_model/cells/base_2026q4_us:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_us:base/caseNonebase
/operating_model/cells/base_2026q4_us:base/idNonebase_2026q4_us
/operating_model/cells/base_2026q4_us:base/kindNoneassumption
/operating_model/cells/base_2026q4_us:base/labelNoneUS revenue
/operating_model/cells/base_2026q4_us:base/periodNone2026Q4
/operating_model/cells/base_2026q4_us:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_us:base/valueNone725.0
/operating_model/cells/base_2026q4_us_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2026q4_us_gross:base/caseNonebase
/operating_model/cells/base_2026q4_us_gross:base/formula/opNonemultiply
/operating_model/cells/base_2026q4_us_gross:base/formula/refs/0Nonebase_2026q4_us
/operating_model/cells/base_2026q4_us_gross:base/formula/refs/1Nonebase_2026q4_us_gross_margin
/operating_model/cells/base_2026q4_us_gross:base/idNonebase_2026q4_us_gross
/operating_model/cells/base_2026q4_us_gross:base/kindNonederived
/operating_model/cells/base_2026q4_us_gross:base/labelNoneGAAP gross profit: us
/operating_model/cells/base_2026q4_us_gross:base/periodNone2026Q4
/operating_model/cells/base_2026q4_us_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_us_gross:base/valueNone471.25
/operating_model/cells/base_2026q4_us_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_us_gross_margin:base/caseNonebase
/operating_model/cells/base_2026q4_us_gross_margin:base/idNonebase_2026q4_us_gross_margin
/operating_model/cells/base_2026q4_us_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2026q4_us_gross_margin:base/labelNoneGAAP gross margin: us
/operating_model/cells/base_2026q4_us_gross_margin:base/periodNone2026Q4
/operating_model/cells/base_2026q4_us_gross_margin:base/unitNoneratio
/operating_model/cells/base_2026q4_us_gross_margin:base/valueNone0.65
/operating_model/cells/base_2026q4_withholding:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2026q4_withholding:base/caseNonebase
/operating_model/cells/base_2026q4_withholding:base/idNonebase_2026q4_withholding
/operating_model/cells/base_2026q4_withholding:base/kindNoneassumption
/operating_model/cells/base_2026q4_withholding:base/labelNoneAward tax withholding cash
/operating_model/cells/base_2026q4_withholding:base/periodNone2026Q4
/operating_model/cells/base_2026q4_withholding:base/unitNoneUSD_millions
/operating_model/cells/base_2026q4_withholding:base/valueNone38.0
/operating_model/cells/base_2027q1_adjusted_ebitda:base/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/base_2027q1_adjusted_ebitda:base/caseNonebase
/operating_model/cells/base_2027q1_adjusted_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_adjusted_ebitda:base/formula/refs/0Nonebase_2027q1_adjusted_gross
/operating_model/cells/base_2027q1_adjusted_ebitda:base/formula/refs/1Nonebase_2027q1_adjusted_opex
/operating_model/cells/base_2027q1_adjusted_ebitda:base/idNonebase_2027q1_adjusted_ebitda
/operating_model/cells/base_2027q1_adjusted_ebitda:base/kindNonederived
/operating_model/cells/base_2027q1_adjusted_ebitda:base/labelNoneAdjusted EBITDA
/operating_model/cells/base_2027q1_adjusted_ebitda:base/periodNone2027Q1
/operating_model/cells/base_2027q1_adjusted_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_adjusted_ebitda:base/valueNone115.84246897650007
/operating_model/cells/base_2027q1_adjusted_exclusions:base/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/base_2027q1_adjusted_exclusions:base/caseNonebase
/operating_model/cells/base_2027q1_adjusted_exclusions:base/formula/opNonesum
/operating_model/cells/base_2027q1_adjusted_exclusions:base/formula/refs/0Nonebase_2027q1_sbc
/operating_model/cells/base_2027q1_adjusted_exclusions:base/formula/refs/1Nonebase_2027q1_da
/operating_model/cells/base_2027q1_adjusted_exclusions:base/formula/refs/2Nonebase_2027q1_sbc_payroll
/operating_model/cells/base_2027q1_adjusted_exclusions:base/formula/refs/3Nonebase_2027q1_integration
/operating_model/cells/base_2027q1_adjusted_exclusions:base/idNonebase_2027q1_adjusted_exclusions
/operating_model/cells/base_2027q1_adjusted_exclusions:base/kindNonederived
/operating_model/cells/base_2027q1_adjusted_exclusions:base/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/base_2027q1_adjusted_exclusions:base/periodNone2027Q1
/operating_model/cells/base_2027q1_adjusted_exclusions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_adjusted_exclusions:base/valueNone104.0
/operating_model/cells/base_2027q1_adjusted_gross:base/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/base_2027q1_adjusted_gross:base/caseNonebase
/operating_model/cells/base_2027q1_adjusted_gross:base/formula/opNonesum
/operating_model/cells/base_2027q1_adjusted_gross:base/formula/refs/0Nonebase_2027q1_gross_profit
/operating_model/cells/base_2027q1_adjusted_gross:base/formula/refs/1Nonebase_2027q1_cogs_noncash
/operating_model/cells/base_2027q1_adjusted_gross:base/idNonebase_2027q1_adjusted_gross
/operating_model/cells/base_2027q1_adjusted_gross:base/kindNonederived
/operating_model/cells/base_2027q1_adjusted_gross:base/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/base_2027q1_adjusted_gross:base/periodNone2027Q1
/operating_model/cells/base_2027q1_adjusted_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_adjusted_gross:base/valueNone588.1765234850001
/operating_model/cells/base_2027q1_adjusted_opex:base/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/base_2027q1_adjusted_opex:base/caseNonebase
/operating_model/cells/base_2027q1_adjusted_opex:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_adjusted_opex:base/formula/refs/0Nonebase_2027q1_revenue
/operating_model/cells/base_2027q1_adjusted_opex:base/formula/refs/1Nonebase_2027q1_opex_ratio
/operating_model/cells/base_2027q1_adjusted_opex:base/idNonebase_2027q1_adjusted_opex
/operating_model/cells/base_2027q1_adjusted_opex:base/kindNonederived
/operating_model/cells/base_2027q1_adjusted_opex:base/labelNoneAdjusted cash operating expense
/operating_model/cells/base_2027q1_adjusted_opex:base/periodNone2027Q1
/operating_model/cells/base_2027q1_adjusted_opex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_adjusted_opex:base/valueNone472.3340545085
/operating_model/cells/base_2027q1_capex:base/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/base_2027q1_capex:base/caseNonebase
/operating_model/cells/base_2027q1_capex:base/formula/opNonesum
/operating_model/cells/base_2027q1_capex:base/formula/refs/0Nonebase_2027q1_ordinary_capex
/operating_model/cells/base_2027q1_capex:base/formula/refs/1Nonebase_2027q1_peptide_cash
/operating_model/cells/base_2027q1_capex:base/idNonebase_2027q1_capex
/operating_model/cells/base_2027q1_capex:base/kindNonederived
/operating_model/cells/base_2027q1_capex:base/labelNonePP&E and intangible cash purchases
/operating_model/cells/base_2027q1_capex:base/periodNone2027Q1
/operating_model/cells/base_2027q1_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_capex:base/valueNone45.0
/operating_model/cells/base_2027q1_cash_before_uses:base/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/base_2027q1_cash_before_uses:base/caseNonebase
/operating_model/cells/base_2027q1_cash_before_uses:base/formula/opNonesum
/operating_model/cells/base_2027q1_cash_before_uses:base/formula/refs/0Nonebase_2027q1_operating_income
/operating_model/cells/base_2027q1_cash_before_uses:base/formula/refs/1Nonebase_2027q1_sbc
/operating_model/cells/base_2027q1_cash_before_uses:base/formula/refs/2Nonebase_2027q1_da
/operating_model/cells/base_2027q1_cash_before_uses:base/formula/refs/3Nonebase_2027q1_net_cash_interest
/operating_model/cells/base_2027q1_cash_before_uses:base/idNonebase_2027q1_cash_before_uses
/operating_model/cells/base_2027q1_cash_before_uses:base/kindNonederived
/operating_model/cells/base_2027q1_cash_before_uses:base/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/base_2027q1_cash_before_uses:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_before_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_before_uses:base/valueNone110.84246897650007
/operating_model/cells/base_2027q1_cash_election:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_cash_election:base/caseNonebase
/operating_model/cells/base_2027q1_cash_election:base/idNonebase_2027q1_cash_election
/operating_model/cells/base_2027q1_cash_election:base/kindNoneassumption
/operating_model/cells/base_2027q1_cash_election:base/labelNoneAssumed cash election in stress
/operating_model/cells/base_2027q1_cash_election:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_election:base/unitNoneratio
/operating_model/cells/base_2027q1_cash_election:base/valueNone1.0
/operating_model/cells/base_2027q1_cash_tax:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q1_cash_tax:base/idNonebase_2027q1_cash_tax
/operating_model/cells/base_2027q1_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q1_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2027q1_cash_tax:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_tax:base/valueNone8.0
/operating_model/cells/base_2027q1_cash_uses:base/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/base_2027q1_cash_uses:base/caseNonebase
/operating_model/cells/base_2027q1_cash_uses:base/formula/opNonesum
/operating_model/cells/base_2027q1_cash_uses:base/formula/refs/0Nonebase_2027q1_legal_payment
/operating_model/cells/base_2027q1_cash_uses:base/formula/refs/1Nonebase_2027q1_net_rebate_payable_use
/operating_model/cells/base_2027q1_cash_uses:base/formula/refs/2Nonebase_2027q1_cash_tax
/operating_model/cells/base_2027q1_cash_uses:base/idNonebase_2027q1_cash_uses
/operating_model/cells/base_2027q1_cash_uses:base/kindNonederived
/operating_model/cells/base_2027q1_cash_uses:base/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/base_2027q1_cash_uses:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cash_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cash_uses:base/valueNone33.0
/operating_model/cells/base_2027q1_cfo:base/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/base_2027q1_cfo:base/caseNonebase
/operating_model/cells/base_2027q1_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_cfo:base/formula/refs/0Nonebase_2027q1_cash_before_uses
/operating_model/cells/base_2027q1_cfo:base/formula/refs/1Nonebase_2027q1_cash_uses
/operating_model/cells/base_2027q1_cfo:base/idNonebase_2027q1_cfo
/operating_model/cells/base_2027q1_cfo:base/kindNonederived
/operating_model/cells/base_2027q1_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2027q1_cfo:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cfo:base/valueNone77.84246897650007
/operating_model/cells/base_2027q1_cogs_noncash:base/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/base_2027q1_cogs_noncash:base/caseNonebase
/operating_model/cells/base_2027q1_cogs_noncash:base/idNonebase_2027q1_cogs_noncash
/operating_model/cells/base_2027q1_cogs_noncash:base/kindNoneassumption
/operating_model/cells/base_2027q1_cogs_noncash:base/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/base_2027q1_cogs_noncash:base/periodNone2027Q1
/operating_model/cells/base_2027q1_cogs_noncash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_cogs_noncash:base/valueNone12.0
/operating_model/cells/base_2027q1_company_fcf:base/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/base_2027q1_company_fcf:base/caseNonebase
/operating_model/cells/base_2027q1_company_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_company_fcf:base/formula/refs/0Nonebase_2027q1_fcf
/operating_model/cells/base_2027q1_company_fcf:base/formula/refs/1Nonebase_2027q1_software
/operating_model/cells/base_2027q1_company_fcf:base/idNonebase_2027q1_company_fcf
/operating_model/cells/base_2027q1_company_fcf:base/kindNonederived
/operating_model/cells/base_2027q1_company_fcf:base/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/base_2027q1_company_fcf:base/periodNone2027Q1
/operating_model/cells/base_2027q1_company_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_company_fcf:base/valueNone24.842468976500072
/operating_model/cells/base_2027q1_da:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_da:base/caseNonebase
/operating_model/cells/base_2027q1_da:base/idNonebase_2027q1_da
/operating_model/cells/base_2027q1_da:base/kindNoneassumption
/operating_model/cells/base_2027q1_da:base/labelNoneDepreciation and amortization
/operating_model/cells/base_2027q1_da:base/periodNone2027Q1
/operating_model/cells/base_2027q1_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_da:base/valueNone43.0
/operating_model/cells/base_2027q1_deferred_cash_stress:base/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/base_2027q1_deferred_cash_stress:base/caseNonebase
/operating_model/cells/base_2027q1_deferred_cash_stress:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_deferred_cash_stress:base/formula/refs/0Nonecash_installment_stress
/operating_model/cells/base_2027q1_deferred_cash_stress:base/formula/refs/1Nonebase_2027q1_cash_election
/operating_model/cells/base_2027q1_deferred_cash_stress:base/idNonebase_2027q1_deferred_cash_stress
/operating_model/cells/base_2027q1_deferred_cash_stress:base/kindNonederived
/operating_model/cells/base_2027q1_deferred_cash_stress:base/labelNoneEucalyptus deferred cash stress
/operating_model/cells/base_2027q1_deferred_cash_stress:base/periodNone2027Q1
/operating_model/cells/base_2027q1_deferred_cash_stress:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_deferred_cash_stress:base/valueNone113.98333333333333
/operating_model/cells/base_2027q1_fcf:base/basisNoneGeneric historical cash definition.
/operating_model/cells/base_2027q1_fcf:base/caseNonebase
/operating_model/cells/base_2027q1_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_fcf:base/formula/refs/0Nonebase_2027q1_cfo
/operating_model/cells/base_2027q1_fcf:base/formula/refs/1Nonebase_2027q1_capex
/operating_model/cells/base_2027q1_fcf:base/idNonebase_2027q1_fcf
/operating_model/cells/base_2027q1_fcf:base/kindNonederived
/operating_model/cells/base_2027q1_fcf:base/labelNoneCFO less PP&E/intangibles
/operating_model/cells/base_2027q1_fcf:base/periodNone2027Q1
/operating_model/cells/base_2027q1_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_fcf:base/valueNone32.84246897650007
/operating_model/cells/base_2027q1_funding_cash:base/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/base_2027q1_funding_cash:base/caseNonebase
/operating_model/cells/base_2027q1_funding_cash:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_funding_cash:base/formula/refs/0Nonebase_2027q1_company_fcf
/operating_model/cells/base_2027q1_funding_cash:base/formula/refs/1Nonebase_2027q1_funding_uses
/operating_model/cells/base_2027q1_funding_cash:base/idNonebase_2027q1_funding_cash
/operating_model/cells/base_2027q1_funding_cash:base/kindNonederived
/operating_model/cells/base_2027q1_funding_cash:base/labelNoneCash after acquisition/award funding stress
/operating_model/cells/base_2027q1_funding_cash:base/periodNone2027Q1
/operating_model/cells/base_2027q1_funding_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_funding_cash:base/valueNone-130.14086435683328
/operating_model/cells/base_2027q1_funding_uses:base/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/base_2027q1_funding_uses:base/caseNonebase
/operating_model/cells/base_2027q1_funding_uses:base/formula/opNonesum
/operating_model/cells/base_2027q1_funding_uses:base/formula/refs/0Nonebase_2027q1_deferred_cash_stress
/operating_model/cells/base_2027q1_funding_uses:base/formula/refs/1Nonebase_2027q1_withholding
/operating_model/cells/base_2027q1_funding_uses:base/idNonebase_2027q1_funding_uses
/operating_model/cells/base_2027q1_funding_uses:base/kindNonederived
/operating_model/cells/base_2027q1_funding_uses:base/labelNoneAcquisition stress and equity award cash
/operating_model/cells/base_2027q1_funding_uses:base/periodNone2027Q1
/operating_model/cells/base_2027q1_funding_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_funding_uses:base/valueNone154.98333333333335
/operating_model/cells/base_2027q1_gross_profit:base/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/base_2027q1_gross_profit:base/caseNonebase
/operating_model/cells/base_2027q1_gross_profit:base/formula/opNonesum
/operating_model/cells/base_2027q1_gross_profit:base/formula/refs/0Nonebase_2027q1_us_gross
/operating_model/cells/base_2027q1_gross_profit:base/formula/refs/1Nonebase_2027q1_international_gross
/operating_model/cells/base_2027q1_gross_profit:base/idNonebase_2027q1_gross_profit
/operating_model/cells/base_2027q1_gross_profit:base/kindNonederived
/operating_model/cells/base_2027q1_gross_profit:base/labelNoneGAAP gross profit proxy
/operating_model/cells/base_2027q1_gross_profit:base/periodNone2027Q1
/operating_model/cells/base_2027q1_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_gross_profit:base/valueNone576.1765234850001
/operating_model/cells/base_2027q1_integration:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_integration:base/caseNonebase
/operating_model/cells/base_2027q1_integration:base/idNonebase_2027q1_integration
/operating_model/cells/base_2027q1_integration:base/kindNoneassumption
/operating_model/cells/base_2027q1_integration:base/labelNoneCash transaction and integration expense
/operating_model/cells/base_2027q1_integration:base/periodNone2027Q1
/operating_model/cells/base_2027q1_integration:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_integration:base/valueNone5.0
/operating_model/cells/base_2027q1_international:base/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/base_2027q1_international:base/caseNonebase
/operating_model/cells/base_2027q1_international:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_international:base/formula/refs/0Nonebase_fy27_international
/operating_model/cells/base_2027q1_international:base/formula/refs/1Nonebase_2027q1_weight
/operating_model/cells/base_2027q1_international:base/idNonebase_2027q1_international
/operating_model/cells/base_2027q1_international:base/kindNonederived
/operating_model/cells/base_2027q1_international:base/labelNoneRest-of-world revenue
/operating_model/cells/base_2027q1_international:base/periodNone2027Q1
/operating_model/cells/base_2027q1_international:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_international:base/valueNone199.73254050000003
/operating_model/cells/base_2027q1_international_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2027q1_international_gross:base/caseNonebase
/operating_model/cells/base_2027q1_international_gross:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_international_gross:base/formula/refs/0Nonebase_2027q1_international
/operating_model/cells/base_2027q1_international_gross:base/formula/refs/1Nonebase_2027q1_international_gross_margin
/operating_model/cells/base_2027q1_international_gross:base/idNonebase_2027q1_international_gross
/operating_model/cells/base_2027q1_international_gross:base/kindNonederived
/operating_model/cells/base_2027q1_international_gross:base/labelNoneGAAP gross profit: international
/operating_model/cells/base_2027q1_international_gross:base/periodNone2027Q1
/operating_model/cells/base_2027q1_international_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_international_gross:base/valueNone109.85289727500002
/operating_model/cells/base_2027q1_international_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_international_gross_margin:base/caseNonebase
/operating_model/cells/base_2027q1_international_gross_margin:base/idNonebase_2027q1_international_gross_margin
/operating_model/cells/base_2027q1_international_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2027q1_international_gross_margin:base/labelNoneGAAP gross margin: international
/operating_model/cells/base_2027q1_international_gross_margin:base/periodNone2027Q1
/operating_model/cells/base_2027q1_international_gross_margin:base/unitNoneratio
/operating_model/cells/base_2027q1_international_gross_margin:base/valueNone0.55
/operating_model/cells/base_2027q1_legal_payment:base/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/base_2027q1_legal_payment:base/caseNonebase
/operating_model/cells/base_2027q1_legal_payment:base/idNonebase_2027q1_legal_payment
/operating_model/cells/base_2027q1_legal_payment:base/kindNoneassumption
/operating_model/cells/base_2027q1_legal_payment:base/labelNonePayment of existing June legal reserve
/operating_model/cells/base_2027q1_legal_payment:base/periodNone2027Q1
/operating_model/cells/base_2027q1_legal_payment:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_legal_payment:base/valueNone0.0
/operating_model/cells/base_2027q1_net_cash_interest:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_net_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q1_net_cash_interest:base/idNonebase_2027q1_net_cash_interest
/operating_model/cells/base_2027q1_net_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q1_net_cash_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2027q1_net_cash_interest:base/periodNone2027Q1
/operating_model/cells/base_2027q1_net_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_net_cash_interest:base/valueNone3.0
/operating_model/cells/base_2027q1_net_rebate_payable_use:base/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/base_2027q1_net_rebate_payable_use:base/caseNonebase
/operating_model/cells/base_2027q1_net_rebate_payable_use:base/idNonebase_2027q1_net_rebate_payable_use
/operating_model/cells/base_2027q1_net_rebate_payable_use:base/kindNoneassumption
/operating_model/cells/base_2027q1_net_rebate_payable_use:base/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/base_2027q1_net_rebate_payable_use:base/periodNone2027Q1
/operating_model/cells/base_2027q1_net_rebate_payable_use:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_net_rebate_payable_use:base/valueNone25.0
/operating_model/cells/base_2027q1_operating_income:base/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/base_2027q1_operating_income:base/caseNonebase
/operating_model/cells/base_2027q1_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q1_operating_income:base/formula/refs/0Nonebase_2027q1_adjusted_ebitda
/operating_model/cells/base_2027q1_operating_income:base/formula/refs/1Nonebase_2027q1_adjusted_exclusions
/operating_model/cells/base_2027q1_operating_income:base/idNonebase_2027q1_operating_income
/operating_model/cells/base_2027q1_operating_income:base/kindNonederived
/operating_model/cells/base_2027q1_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2027q1_operating_income:base/periodNone2027Q1
/operating_model/cells/base_2027q1_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_operating_income:base/valueNone11.842468976500072
/operating_model/cells/base_2027q1_opex_ratio:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_opex_ratio:base/caseNonebase
/operating_model/cells/base_2027q1_opex_ratio:base/idNonebase_2027q1_opex_ratio
/operating_model/cells/base_2027q1_opex_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q1_opex_ratio:base/labelNoneAdjusted cash opex / revenue
/operating_model/cells/base_2027q1_opex_ratio:base/periodNone2027Q1
/operating_model/cells/base_2027q1_opex_ratio:base/unitNoneratio
/operating_model/cells/base_2027q1_opex_ratio:base/valueNone0.515
/operating_model/cells/base_2027q1_ordinary_capex:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_ordinary_capex:base/caseNonebase
/operating_model/cells/base_2027q1_ordinary_capex:base/idNonebase_2027q1_ordinary_capex
/operating_model/cells/base_2027q1_ordinary_capex:base/kindNoneassumption
/operating_model/cells/base_2027q1_ordinary_capex:base/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/base_2027q1_ordinary_capex:base/periodNone2027Q1
/operating_model/cells/base_2027q1_ordinary_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_ordinary_capex:base/valueNone35.0
/operating_model/cells/base_2027q1_peptide_cash:base/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/base_2027q1_peptide_cash:base/caseNonebase
/operating_model/cells/base_2027q1_peptide_cash:base/idNonebase_2027q1_peptide_cash
/operating_model/cells/base_2027q1_peptide_cash:base/kindNoneassumption
/operating_model/cells/base_2027q1_peptide_cash:base/labelNonePeptide technology cash milestone assumption
/operating_model/cells/base_2027q1_peptide_cash:base/periodNone2027Q1
/operating_model/cells/base_2027q1_peptide_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_peptide_cash:base/valueNone10.0
/operating_model/cells/base_2027q1_revenue:base/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/base_2027q1_revenue:base/caseNonebase
/operating_model/cells/base_2027q1_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q1_revenue:base/formula/refs/0Nonebase_2027q1_us
/operating_model/cells/base_2027q1_revenue:base/formula/refs/1Nonebase_2027q1_international
/operating_model/cells/base_2027q1_revenue:base/idNonebase_2027q1_revenue
/operating_model/cells/base_2027q1_revenue:base/kindNonederived
/operating_model/cells/base_2027q1_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2027q1_revenue:base/periodNone2027Q1
/operating_model/cells/base_2027q1_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_revenue:base/valueNone917.1535039
/operating_model/cells/base_2027q1_sbc:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_sbc:base/caseNonebase
/operating_model/cells/base_2027q1_sbc:base/idNonebase_2027q1_sbc
/operating_model/cells/base_2027q1_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q1_sbc:base/labelNoneTotal equity compensation expense
/operating_model/cells/base_2027q1_sbc:base/periodNone2027Q1
/operating_model/cells/base_2027q1_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_sbc:base/valueNone53.0
/operating_model/cells/base_2027q1_sbc_payroll:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_sbc_payroll:base/caseNonebase
/operating_model/cells/base_2027q1_sbc_payroll:base/idNonebase_2027q1_sbc_payroll
/operating_model/cells/base_2027q1_sbc_payroll:base/kindNoneassumption
/operating_model/cells/base_2027q1_sbc_payroll:base/labelNoneCash employer payroll tax on equity
/operating_model/cells/base_2027q1_sbc_payroll:base/periodNone2027Q1
/operating_model/cells/base_2027q1_sbc_payroll:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_sbc_payroll:base/valueNone3.0
/operating_model/cells/base_2027q1_software:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_software:base/caseNonebase
/operating_model/cells/base_2027q1_software:base/idNonebase_2027q1_software
/operating_model/cells/base_2027q1_software:base/kindNoneassumption
/operating_model/cells/base_2027q1_software:base/labelNoneCapitalized software cash
/operating_model/cells/base_2027q1_software:base/periodNone2027Q1
/operating_model/cells/base_2027q1_software:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_software:base/valueNone8.0
/operating_model/cells/base_2027q1_us:base/basisNoneUS revenue timing assumption.
/operating_model/cells/base_2027q1_us:base/caseNonebase
/operating_model/cells/base_2027q1_us:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_us:base/formula/refs/0Nonebase_fy27_us
/operating_model/cells/base_2027q1_us:base/formula/refs/1Nonebase_2027q1_weight
/operating_model/cells/base_2027q1_us:base/idNonebase_2027q1_us
/operating_model/cells/base_2027q1_us:base/kindNonederived
/operating_model/cells/base_2027q1_us:base/labelNoneUS revenue
/operating_model/cells/base_2027q1_us:base/periodNone2027Q1
/operating_model/cells/base_2027q1_us:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_us:base/valueNone717.4209634
/operating_model/cells/base_2027q1_us_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2027q1_us_gross:base/caseNonebase
/operating_model/cells/base_2027q1_us_gross:base/formula/opNonemultiply
/operating_model/cells/base_2027q1_us_gross:base/formula/refs/0Nonebase_2027q1_us
/operating_model/cells/base_2027q1_us_gross:base/formula/refs/1Nonebase_2027q1_us_gross_margin
/operating_model/cells/base_2027q1_us_gross:base/idNonebase_2027q1_us_gross
/operating_model/cells/base_2027q1_us_gross:base/kindNonederived
/operating_model/cells/base_2027q1_us_gross:base/labelNoneGAAP gross profit: us
/operating_model/cells/base_2027q1_us_gross:base/periodNone2027Q1
/operating_model/cells/base_2027q1_us_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_us_gross:base/valueNone466.32362621000004
/operating_model/cells/base_2027q1_us_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_us_gross_margin:base/caseNonebase
/operating_model/cells/base_2027q1_us_gross_margin:base/idNonebase_2027q1_us_gross_margin
/operating_model/cells/base_2027q1_us_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2027q1_us_gross_margin:base/labelNoneGAAP gross margin: us
/operating_model/cells/base_2027q1_us_gross_margin:base/periodNone2027Q1
/operating_model/cells/base_2027q1_us_gross_margin:base/unitNoneratio
/operating_model/cells/base_2027q1_us_gross_margin:base/valueNone0.65
/operating_model/cells/base_2027q1_weight:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_weight:base/caseNonebase
/operating_model/cells/base_2027q1_weight:base/idNonebase_2027q1_weight
/operating_model/cells/base_2027q1_weight:base/kindNoneassumption
/operating_model/cells/base_2027q1_weight:base/labelNoneAnnual revenue quarter share
/operating_model/cells/base_2027q1_weight:base/periodNone2027Q1
/operating_model/cells/base_2027q1_weight:base/unitNoneratio
/operating_model/cells/base_2027q1_weight:base/valueNone0.23
/operating_model/cells/base_2027q1_withholding:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q1_withholding:base/caseNonebase
/operating_model/cells/base_2027q1_withholding:base/idNonebase_2027q1_withholding
/operating_model/cells/base_2027q1_withholding:base/kindNoneassumption
/operating_model/cells/base_2027q1_withholding:base/labelNoneAward tax withholding cash
/operating_model/cells/base_2027q1_withholding:base/periodNone2027Q1
/operating_model/cells/base_2027q1_withholding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q1_withholding:base/valueNone41.0
/operating_model/cells/base_2027q2_adjusted_ebitda:base/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/base_2027q2_adjusted_ebitda:base/caseNonebase
/operating_model/cells/base_2027q2_adjusted_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_adjusted_ebitda:base/formula/refs/0Nonebase_2027q2_adjusted_gross
/operating_model/cells/base_2027q2_adjusted_ebitda:base/formula/refs/1Nonebase_2027q2_adjusted_opex
/operating_model/cells/base_2027q2_adjusted_ebitda:base/idNonebase_2027q2_adjusted_ebitda
/operating_model/cells/base_2027q2_adjusted_ebitda:base/kindNonederived
/operating_model/cells/base_2027q2_adjusted_ebitda:base/labelNoneAdjusted EBITDA
/operating_model/cells/base_2027q2_adjusted_ebitda:base/periodNone2027Q2
/operating_model/cells/base_2027q2_adjusted_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_adjusted_ebitda:base/valueNone122.61480390974998
/operating_model/cells/base_2027q2_adjusted_exclusions:base/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/base_2027q2_adjusted_exclusions:base/caseNonebase
/operating_model/cells/base_2027q2_adjusted_exclusions:base/formula/opNonesum
/operating_model/cells/base_2027q2_adjusted_exclusions:base/formula/refs/0Nonebase_2027q2_sbc
/operating_model/cells/base_2027q2_adjusted_exclusions:base/formula/refs/1Nonebase_2027q2_da
/operating_model/cells/base_2027q2_adjusted_exclusions:base/formula/refs/2Nonebase_2027q2_sbc_payroll
/operating_model/cells/base_2027q2_adjusted_exclusions:base/formula/refs/3Nonebase_2027q2_integration
/operating_model/cells/base_2027q2_adjusted_exclusions:base/idNonebase_2027q2_adjusted_exclusions
/operating_model/cells/base_2027q2_adjusted_exclusions:base/kindNonederived
/operating_model/cells/base_2027q2_adjusted_exclusions:base/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/base_2027q2_adjusted_exclusions:base/periodNone2027Q2
/operating_model/cells/base_2027q2_adjusted_exclusions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_adjusted_exclusions:base/valueNone108.0
/operating_model/cells/base_2027q2_adjusted_gross:base/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/base_2027q2_adjusted_gross:base/caseNonebase
/operating_model/cells/base_2027q2_adjusted_gross:base/formula/opNonesum
/operating_model/cells/base_2027q2_adjusted_gross:base/formula/refs/0Nonebase_2027q2_gross_profit
/operating_model/cells/base_2027q2_adjusted_gross:base/formula/refs/1Nonebase_2027q2_cogs_noncash
/operating_model/cells/base_2027q2_adjusted_gross:base/idNonebase_2027q2_adjusted_gross
/operating_model/cells/base_2027q2_adjusted_gross:base/kindNonederived
/operating_model/cells/base_2027q2_adjusted_gross:base/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/base_2027q2_adjusted_gross:base/periodNone2027Q2
/operating_model/cells/base_2027q2_adjusted_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_adjusted_gross:base/valueNone625.7532532775
/operating_model/cells/base_2027q2_adjusted_opex:base/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/base_2027q2_adjusted_opex:base/caseNonebase
/operating_model/cells/base_2027q2_adjusted_opex:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_adjusted_opex:base/formula/refs/0Nonebase_2027q2_revenue
/operating_model/cells/base_2027q2_adjusted_opex:base/formula/refs/1Nonebase_2027q2_opex_ratio
/operating_model/cells/base_2027q2_adjusted_opex:base/idNonebase_2027q2_adjusted_opex
/operating_model/cells/base_2027q2_adjusted_opex:base/kindNonederived
/operating_model/cells/base_2027q2_adjusted_opex:base/labelNoneAdjusted cash operating expense
/operating_model/cells/base_2027q2_adjusted_opex:base/periodNone2027Q2
/operating_model/cells/base_2027q2_adjusted_opex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_adjusted_opex:base/valueNone503.13844936775
/operating_model/cells/base_2027q2_capex:base/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/base_2027q2_capex:base/caseNonebase
/operating_model/cells/base_2027q2_capex:base/formula/opNonesum
/operating_model/cells/base_2027q2_capex:base/formula/refs/0Nonebase_2027q2_ordinary_capex
/operating_model/cells/base_2027q2_capex:base/formula/refs/1Nonebase_2027q2_peptide_cash
/operating_model/cells/base_2027q2_capex:base/idNonebase_2027q2_capex
/operating_model/cells/base_2027q2_capex:base/kindNonederived
/operating_model/cells/base_2027q2_capex:base/labelNonePP&E and intangible cash purchases
/operating_model/cells/base_2027q2_capex:base/periodNone2027Q2
/operating_model/cells/base_2027q2_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_capex:base/valueNone40.0
/operating_model/cells/base_2027q2_cash_before_uses:base/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/base_2027q2_cash_before_uses:base/caseNonebase
/operating_model/cells/base_2027q2_cash_before_uses:base/formula/opNonesum
/operating_model/cells/base_2027q2_cash_before_uses:base/formula/refs/0Nonebase_2027q2_operating_income
/operating_model/cells/base_2027q2_cash_before_uses:base/formula/refs/1Nonebase_2027q2_sbc
/operating_model/cells/base_2027q2_cash_before_uses:base/formula/refs/2Nonebase_2027q2_da
/operating_model/cells/base_2027q2_cash_before_uses:base/formula/refs/3Nonebase_2027q2_net_cash_interest
/operating_model/cells/base_2027q2_cash_before_uses:base/idNonebase_2027q2_cash_before_uses
/operating_model/cells/base_2027q2_cash_before_uses:base/kindNonederived
/operating_model/cells/base_2027q2_cash_before_uses:base/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/base_2027q2_cash_before_uses:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_before_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_before_uses:base/valueNone117.61480390974998
/operating_model/cells/base_2027q2_cash_election:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_cash_election:base/caseNonebase
/operating_model/cells/base_2027q2_cash_election:base/idNonebase_2027q2_cash_election
/operating_model/cells/base_2027q2_cash_election:base/kindNoneassumption
/operating_model/cells/base_2027q2_cash_election:base/labelNoneAssumed cash election in stress
/operating_model/cells/base_2027q2_cash_election:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_election:base/unitNoneratio
/operating_model/cells/base_2027q2_cash_election:base/valueNone1.0
/operating_model/cells/base_2027q2_cash_tax:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q2_cash_tax:base/idNonebase_2027q2_cash_tax
/operating_model/cells/base_2027q2_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q2_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2027q2_cash_tax:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_tax:base/valueNone8.0
/operating_model/cells/base_2027q2_cash_uses:base/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/base_2027q2_cash_uses:base/caseNonebase
/operating_model/cells/base_2027q2_cash_uses:base/formula/opNonesum
/operating_model/cells/base_2027q2_cash_uses:base/formula/refs/0Nonebase_2027q2_legal_payment
/operating_model/cells/base_2027q2_cash_uses:base/formula/refs/1Nonebase_2027q2_net_rebate_payable_use
/operating_model/cells/base_2027q2_cash_uses:base/formula/refs/2Nonebase_2027q2_cash_tax
/operating_model/cells/base_2027q2_cash_uses:base/idNonebase_2027q2_cash_uses
/operating_model/cells/base_2027q2_cash_uses:base/kindNonederived
/operating_model/cells/base_2027q2_cash_uses:base/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/base_2027q2_cash_uses:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cash_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cash_uses:base/valueNone18.0
/operating_model/cells/base_2027q2_cfo:base/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/base_2027q2_cfo:base/caseNonebase
/operating_model/cells/base_2027q2_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_cfo:base/formula/refs/0Nonebase_2027q2_cash_before_uses
/operating_model/cells/base_2027q2_cfo:base/formula/refs/1Nonebase_2027q2_cash_uses
/operating_model/cells/base_2027q2_cfo:base/idNonebase_2027q2_cfo
/operating_model/cells/base_2027q2_cfo:base/kindNonederived
/operating_model/cells/base_2027q2_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2027q2_cfo:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cfo:base/valueNone99.61480390974998
/operating_model/cells/base_2027q2_cogs_noncash:base/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/base_2027q2_cogs_noncash:base/caseNonebase
/operating_model/cells/base_2027q2_cogs_noncash:base/idNonebase_2027q2_cogs_noncash
/operating_model/cells/base_2027q2_cogs_noncash:base/kindNoneassumption
/operating_model/cells/base_2027q2_cogs_noncash:base/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/base_2027q2_cogs_noncash:base/periodNone2027Q2
/operating_model/cells/base_2027q2_cogs_noncash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_cogs_noncash:base/valueNone12.0
/operating_model/cells/base_2027q2_company_fcf:base/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/base_2027q2_company_fcf:base/caseNonebase
/operating_model/cells/base_2027q2_company_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_company_fcf:base/formula/refs/0Nonebase_2027q2_fcf
/operating_model/cells/base_2027q2_company_fcf:base/formula/refs/1Nonebase_2027q2_software
/operating_model/cells/base_2027q2_company_fcf:base/idNonebase_2027q2_company_fcf
/operating_model/cells/base_2027q2_company_fcf:base/kindNonederived
/operating_model/cells/base_2027q2_company_fcf:base/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/base_2027q2_company_fcf:base/periodNone2027Q2
/operating_model/cells/base_2027q2_company_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_company_fcf:base/valueNone51.11480390974998
/operating_model/cells/base_2027q2_da:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_da:base/caseNonebase
/operating_model/cells/base_2027q2_da:base/idNonebase_2027q2_da
/operating_model/cells/base_2027q2_da:base/kindNoneassumption
/operating_model/cells/base_2027q2_da:base/labelNoneDepreciation and amortization
/operating_model/cells/base_2027q2_da:base/periodNone2027Q2
/operating_model/cells/base_2027q2_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_da:base/valueNone43.0
/operating_model/cells/base_2027q2_deferred_cash_stress:base/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/base_2027q2_deferred_cash_stress:base/caseNonebase
/operating_model/cells/base_2027q2_deferred_cash_stress:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_deferred_cash_stress:base/formula/refs/0Nonecash_installment_stress
/operating_model/cells/base_2027q2_deferred_cash_stress:base/formula/refs/1Nonebase_2027q2_cash_election
/operating_model/cells/base_2027q2_deferred_cash_stress:base/idNonebase_2027q2_deferred_cash_stress
/operating_model/cells/base_2027q2_deferred_cash_stress:base/kindNonederived
/operating_model/cells/base_2027q2_deferred_cash_stress:base/labelNoneEucalyptus deferred cash stress
/operating_model/cells/base_2027q2_deferred_cash_stress:base/periodNone2027Q2
/operating_model/cells/base_2027q2_deferred_cash_stress:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_deferred_cash_stress:base/valueNone113.98333333333333
/operating_model/cells/base_2027q2_fcf:base/basisNoneGeneric historical cash definition.
/operating_model/cells/base_2027q2_fcf:base/caseNonebase
/operating_model/cells/base_2027q2_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_fcf:base/formula/refs/0Nonebase_2027q2_cfo
/operating_model/cells/base_2027q2_fcf:base/formula/refs/1Nonebase_2027q2_capex
/operating_model/cells/base_2027q2_fcf:base/idNonebase_2027q2_fcf
/operating_model/cells/base_2027q2_fcf:base/kindNonederived
/operating_model/cells/base_2027q2_fcf:base/labelNoneCFO less PP&E/intangibles
/operating_model/cells/base_2027q2_fcf:base/periodNone2027Q2
/operating_model/cells/base_2027q2_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_fcf:base/valueNone59.61480390974998
/operating_model/cells/base_2027q2_funding_cash:base/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/base_2027q2_funding_cash:base/caseNonebase
/operating_model/cells/base_2027q2_funding_cash:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_funding_cash:base/formula/refs/0Nonebase_2027q2_company_fcf
/operating_model/cells/base_2027q2_funding_cash:base/formula/refs/1Nonebase_2027q2_funding_uses
/operating_model/cells/base_2027q2_funding_cash:base/idNonebase_2027q2_funding_cash
/operating_model/cells/base_2027q2_funding_cash:base/kindNonederived
/operating_model/cells/base_2027q2_funding_cash:base/labelNoneCash after acquisition/award funding stress
/operating_model/cells/base_2027q2_funding_cash:base/periodNone2027Q2
/operating_model/cells/base_2027q2_funding_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_funding_cash:base/valueNone-106.86852942358337
/operating_model/cells/base_2027q2_funding_uses:base/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/base_2027q2_funding_uses:base/caseNonebase
/operating_model/cells/base_2027q2_funding_uses:base/formula/opNonesum
/operating_model/cells/base_2027q2_funding_uses:base/formula/refs/0Nonebase_2027q2_deferred_cash_stress
/operating_model/cells/base_2027q2_funding_uses:base/formula/refs/1Nonebase_2027q2_withholding
/operating_model/cells/base_2027q2_funding_uses:base/idNonebase_2027q2_funding_uses
/operating_model/cells/base_2027q2_funding_uses:base/kindNonederived
/operating_model/cells/base_2027q2_funding_uses:base/labelNoneAcquisition stress and equity award cash
/operating_model/cells/base_2027q2_funding_uses:base/periodNone2027Q2
/operating_model/cells/base_2027q2_funding_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_funding_uses:base/valueNone157.98333333333335
/operating_model/cells/base_2027q2_gross_profit:base/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/base_2027q2_gross_profit:base/caseNonebase
/operating_model/cells/base_2027q2_gross_profit:base/formula/opNonesum
/operating_model/cells/base_2027q2_gross_profit:base/formula/refs/0Nonebase_2027q2_us_gross
/operating_model/cells/base_2027q2_gross_profit:base/formula/refs/1Nonebase_2027q2_international_gross
/operating_model/cells/base_2027q2_gross_profit:base/idNonebase_2027q2_gross_profit
/operating_model/cells/base_2027q2_gross_profit:base/kindNonederived
/operating_model/cells/base_2027q2_gross_profit:base/labelNoneGAAP gross profit proxy
/operating_model/cells/base_2027q2_gross_profit:base/periodNone2027Q2
/operating_model/cells/base_2027q2_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_gross_profit:base/valueNone613.7532532775
/operating_model/cells/base_2027q2_integration:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_integration:base/caseNonebase
/operating_model/cells/base_2027q2_integration:base/idNonebase_2027q2_integration
/operating_model/cells/base_2027q2_integration:base/kindNoneassumption
/operating_model/cells/base_2027q2_integration:base/labelNoneCash transaction and integration expense
/operating_model/cells/base_2027q2_integration:base/periodNone2027Q2
/operating_model/cells/base_2027q2_integration:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_integration:base/valueNone5.0
/operating_model/cells/base_2027q2_international:base/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/base_2027q2_international:base/caseNonebase
/operating_model/cells/base_2027q2_international:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_international:base/formula/refs/0Nonebase_fy27_international
/operating_model/cells/base_2027q2_international:base/formula/refs/1Nonebase_2027q2_weight
/operating_model/cells/base_2027q2_international:base/idNonebase_2027q2_international
/operating_model/cells/base_2027q2_international:base/kindNonederived
/operating_model/cells/base_2027q2_international:base/labelNoneRest-of-world revenue
/operating_model/cells/base_2027q2_international:base/periodNone2027Q2
/operating_model/cells/base_2027q2_international:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_international:base/valueNone212.75857575
/operating_model/cells/base_2027q2_international_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2027q2_international_gross:base/caseNonebase
/operating_model/cells/base_2027q2_international_gross:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_international_gross:base/formula/refs/0Nonebase_2027q2_international
/operating_model/cells/base_2027q2_international_gross:base/formula/refs/1Nonebase_2027q2_international_gross_margin
/operating_model/cells/base_2027q2_international_gross:base/idNonebase_2027q2_international_gross
/operating_model/cells/base_2027q2_international_gross:base/kindNonederived
/operating_model/cells/base_2027q2_international_gross:base/labelNoneGAAP gross profit: international
/operating_model/cells/base_2027q2_international_gross:base/periodNone2027Q2
/operating_model/cells/base_2027q2_international_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_international_gross:base/valueNone117.01721666250002
/operating_model/cells/base_2027q2_international_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_international_gross_margin:base/caseNonebase
/operating_model/cells/base_2027q2_international_gross_margin:base/idNonebase_2027q2_international_gross_margin
/operating_model/cells/base_2027q2_international_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2027q2_international_gross_margin:base/labelNoneGAAP gross margin: international
/operating_model/cells/base_2027q2_international_gross_margin:base/periodNone2027Q2
/operating_model/cells/base_2027q2_international_gross_margin:base/unitNoneratio
/operating_model/cells/base_2027q2_international_gross_margin:base/valueNone0.55
/operating_model/cells/base_2027q2_legal_payment:base/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/base_2027q2_legal_payment:base/caseNonebase
/operating_model/cells/base_2027q2_legal_payment:base/idNonebase_2027q2_legal_payment
/operating_model/cells/base_2027q2_legal_payment:base/kindNoneassumption
/operating_model/cells/base_2027q2_legal_payment:base/labelNonePayment of existing June legal reserve
/operating_model/cells/base_2027q2_legal_payment:base/periodNone2027Q2
/operating_model/cells/base_2027q2_legal_payment:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_legal_payment:base/valueNone0.0
/operating_model/cells/base_2027q2_net_cash_interest:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_net_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q2_net_cash_interest:base/idNonebase_2027q2_net_cash_interest
/operating_model/cells/base_2027q2_net_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q2_net_cash_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2027q2_net_cash_interest:base/periodNone2027Q2
/operating_model/cells/base_2027q2_net_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_net_cash_interest:base/valueNone3.0
/operating_model/cells/base_2027q2_net_rebate_payable_use:base/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/base_2027q2_net_rebate_payable_use:base/caseNonebase
/operating_model/cells/base_2027q2_net_rebate_payable_use:base/idNonebase_2027q2_net_rebate_payable_use
/operating_model/cells/base_2027q2_net_rebate_payable_use:base/kindNoneassumption
/operating_model/cells/base_2027q2_net_rebate_payable_use:base/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/base_2027q2_net_rebate_payable_use:base/periodNone2027Q2
/operating_model/cells/base_2027q2_net_rebate_payable_use:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_net_rebate_payable_use:base/valueNone10.0
/operating_model/cells/base_2027q2_operating_income:base/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/base_2027q2_operating_income:base/caseNonebase
/operating_model/cells/base_2027q2_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q2_operating_income:base/formula/refs/0Nonebase_2027q2_adjusted_ebitda
/operating_model/cells/base_2027q2_operating_income:base/formula/refs/1Nonebase_2027q2_adjusted_exclusions
/operating_model/cells/base_2027q2_operating_income:base/idNonebase_2027q2_operating_income
/operating_model/cells/base_2027q2_operating_income:base/kindNonederived
/operating_model/cells/base_2027q2_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2027q2_operating_income:base/periodNone2027Q2
/operating_model/cells/base_2027q2_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_operating_income:base/valueNone14.61480390974998
/operating_model/cells/base_2027q2_opex_ratio:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_opex_ratio:base/caseNonebase
/operating_model/cells/base_2027q2_opex_ratio:base/idNonebase_2027q2_opex_ratio
/operating_model/cells/base_2027q2_opex_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q2_opex_ratio:base/labelNoneAdjusted cash opex / revenue
/operating_model/cells/base_2027q2_opex_ratio:base/periodNone2027Q2
/operating_model/cells/base_2027q2_opex_ratio:base/unitNoneratio
/operating_model/cells/base_2027q2_opex_ratio:base/valueNone0.515
/operating_model/cells/base_2027q2_ordinary_capex:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_ordinary_capex:base/caseNonebase
/operating_model/cells/base_2027q2_ordinary_capex:base/idNonebase_2027q2_ordinary_capex
/operating_model/cells/base_2027q2_ordinary_capex:base/kindNoneassumption
/operating_model/cells/base_2027q2_ordinary_capex:base/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/base_2027q2_ordinary_capex:base/periodNone2027Q2
/operating_model/cells/base_2027q2_ordinary_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_ordinary_capex:base/valueNone35.0
/operating_model/cells/base_2027q2_peptide_cash:base/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/base_2027q2_peptide_cash:base/caseNonebase
/operating_model/cells/base_2027q2_peptide_cash:base/idNonebase_2027q2_peptide_cash
/operating_model/cells/base_2027q2_peptide_cash:base/kindNoneassumption
/operating_model/cells/base_2027q2_peptide_cash:base/labelNonePeptide technology cash milestone assumption
/operating_model/cells/base_2027q2_peptide_cash:base/periodNone2027Q2
/operating_model/cells/base_2027q2_peptide_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_peptide_cash:base/valueNone5.0
/operating_model/cells/base_2027q2_revenue:base/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/base_2027q2_revenue:base/caseNonebase
/operating_model/cells/base_2027q2_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q2_revenue:base/formula/refs/0Nonebase_2027q2_us
/operating_model/cells/base_2027q2_revenue:base/formula/refs/1Nonebase_2027q2_international
/operating_model/cells/base_2027q2_revenue:base/idNonebase_2027q2_revenue
/operating_model/cells/base_2027q2_revenue:base/kindNonederived
/operating_model/cells/base_2027q2_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2027q2_revenue:base/periodNone2027Q2
/operating_model/cells/base_2027q2_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_revenue:base/valueNone976.96786285
/operating_model/cells/base_2027q2_sbc:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_sbc:base/caseNonebase
/operating_model/cells/base_2027q2_sbc:base/idNonebase_2027q2_sbc
/operating_model/cells/base_2027q2_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q2_sbc:base/labelNoneTotal equity compensation expense
/operating_model/cells/base_2027q2_sbc:base/periodNone2027Q2
/operating_model/cells/base_2027q2_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_sbc:base/valueNone57.0
/operating_model/cells/base_2027q2_sbc_payroll:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_sbc_payroll:base/caseNonebase
/operating_model/cells/base_2027q2_sbc_payroll:base/idNonebase_2027q2_sbc_payroll
/operating_model/cells/base_2027q2_sbc_payroll:base/kindNoneassumption
/operating_model/cells/base_2027q2_sbc_payroll:base/labelNoneCash employer payroll tax on equity
/operating_model/cells/base_2027q2_sbc_payroll:base/periodNone2027Q2
/operating_model/cells/base_2027q2_sbc_payroll:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_sbc_payroll:base/valueNone3.0
/operating_model/cells/base_2027q2_software:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_software:base/caseNonebase
/operating_model/cells/base_2027q2_software:base/idNonebase_2027q2_software
/operating_model/cells/base_2027q2_software:base/kindNoneassumption
/operating_model/cells/base_2027q2_software:base/labelNoneCapitalized software cash
/operating_model/cells/base_2027q2_software:base/periodNone2027Q2
/operating_model/cells/base_2027q2_software:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_software:base/valueNone8.5
/operating_model/cells/base_2027q2_us:base/basisNoneUS revenue timing assumption.
/operating_model/cells/base_2027q2_us:base/caseNonebase
/operating_model/cells/base_2027q2_us:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_us:base/formula/refs/0Nonebase_fy27_us
/operating_model/cells/base_2027q2_us:base/formula/refs/1Nonebase_2027q2_weight
/operating_model/cells/base_2027q2_us:base/idNonebase_2027q2_us
/operating_model/cells/base_2027q2_us:base/kindNonederived
/operating_model/cells/base_2027q2_us:base/labelNoneUS revenue
/operating_model/cells/base_2027q2_us:base/periodNone2027Q2
/operating_model/cells/base_2027q2_us:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_us:base/valueNone764.2092871
/operating_model/cells/base_2027q2_us_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2027q2_us_gross:base/caseNonebase
/operating_model/cells/base_2027q2_us_gross:base/formula/opNonemultiply
/operating_model/cells/base_2027q2_us_gross:base/formula/refs/0Nonebase_2027q2_us
/operating_model/cells/base_2027q2_us_gross:base/formula/refs/1Nonebase_2027q2_us_gross_margin
/operating_model/cells/base_2027q2_us_gross:base/idNonebase_2027q2_us_gross
/operating_model/cells/base_2027q2_us_gross:base/kindNonederived
/operating_model/cells/base_2027q2_us_gross:base/labelNoneGAAP gross profit: us
/operating_model/cells/base_2027q2_us_gross:base/periodNone2027Q2
/operating_model/cells/base_2027q2_us_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_us_gross:base/valueNone496.736036615
/operating_model/cells/base_2027q2_us_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_us_gross_margin:base/caseNonebase
/operating_model/cells/base_2027q2_us_gross_margin:base/idNonebase_2027q2_us_gross_margin
/operating_model/cells/base_2027q2_us_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2027q2_us_gross_margin:base/labelNoneGAAP gross margin: us
/operating_model/cells/base_2027q2_us_gross_margin:base/periodNone2027Q2
/operating_model/cells/base_2027q2_us_gross_margin:base/unitNoneratio
/operating_model/cells/base_2027q2_us_gross_margin:base/valueNone0.65
/operating_model/cells/base_2027q2_weight:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_weight:base/caseNonebase
/operating_model/cells/base_2027q2_weight:base/idNonebase_2027q2_weight
/operating_model/cells/base_2027q2_weight:base/kindNoneassumption
/operating_model/cells/base_2027q2_weight:base/labelNoneAnnual revenue quarter share
/operating_model/cells/base_2027q2_weight:base/periodNone2027Q2
/operating_model/cells/base_2027q2_weight:base/unitNoneratio
/operating_model/cells/base_2027q2_weight:base/valueNone0.245
/operating_model/cells/base_2027q2_withholding:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q2_withholding:base/caseNonebase
/operating_model/cells/base_2027q2_withholding:base/idNonebase_2027q2_withholding
/operating_model/cells/base_2027q2_withholding:base/kindNoneassumption
/operating_model/cells/base_2027q2_withholding:base/labelNoneAward tax withholding cash
/operating_model/cells/base_2027q2_withholding:base/periodNone2027Q2
/operating_model/cells/base_2027q2_withholding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q2_withholding:base/valueNone44.0
/operating_model/cells/base_2027q3_adjusted_ebitda:base/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/base_2027q3_adjusted_ebitda:base/caseNonebase
/operating_model/cells/base_2027q3_adjusted_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_adjusted_ebitda:base/formula/refs/0Nonebase_2027q3_adjusted_gross
/operating_model/cells/base_2027q3_adjusted_ebitda:base/formula/refs/1Nonebase_2027q3_adjusted_opex
/operating_model/cells/base_2027q3_adjusted_ebitda:base/idNonebase_2027q3_adjusted_ebitda
/operating_model/cells/base_2027q3_adjusted_ebitda:base/kindNonederived
/operating_model/cells/base_2027q3_adjusted_ebitda:base/labelNoneAdjusted EBITDA
/operating_model/cells/base_2027q3_adjusted_ebitda:base/periodNone2027Q3
/operating_model/cells/base_2027q3_adjusted_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_adjusted_ebitda:base/valueNone127.12969386524992
/operating_model/cells/base_2027q3_adjusted_exclusions:base/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/base_2027q3_adjusted_exclusions:base/caseNonebase
/operating_model/cells/base_2027q3_adjusted_exclusions:base/formula/opNonesum
/operating_model/cells/base_2027q3_adjusted_exclusions:base/formula/refs/0Nonebase_2027q3_sbc
/operating_model/cells/base_2027q3_adjusted_exclusions:base/formula/refs/1Nonebase_2027q3_da
/operating_model/cells/base_2027q3_adjusted_exclusions:base/formula/refs/2Nonebase_2027q3_sbc_payroll
/operating_model/cells/base_2027q3_adjusted_exclusions:base/formula/refs/3Nonebase_2027q3_integration
/operating_model/cells/base_2027q3_adjusted_exclusions:base/idNonebase_2027q3_adjusted_exclusions
/operating_model/cells/base_2027q3_adjusted_exclusions:base/kindNonederived
/operating_model/cells/base_2027q3_adjusted_exclusions:base/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/base_2027q3_adjusted_exclusions:base/periodNone2027Q3
/operating_model/cells/base_2027q3_adjusted_exclusions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_adjusted_exclusions:base/valueNone112.0
/operating_model/cells/base_2027q3_adjusted_gross:base/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/base_2027q3_adjusted_gross:base/caseNonebase
/operating_model/cells/base_2027q3_adjusted_gross:base/formula/opNonesum
/operating_model/cells/base_2027q3_adjusted_gross:base/formula/refs/0Nonebase_2027q3_gross_profit
/operating_model/cells/base_2027q3_adjusted_gross:base/formula/refs/1Nonebase_2027q3_cogs_noncash
/operating_model/cells/base_2027q3_adjusted_gross:base/idNonebase_2027q3_adjusted_gross
/operating_model/cells/base_2027q3_adjusted_gross:base/kindNonederived
/operating_model/cells/base_2027q3_adjusted_gross:base/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/base_2027q3_adjusted_gross:base/periodNone2027Q3
/operating_model/cells/base_2027q3_adjusted_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_adjusted_gross:base/valueNone650.8044064725
/operating_model/cells/base_2027q3_adjusted_opex:base/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/base_2027q3_adjusted_opex:base/caseNonebase
/operating_model/cells/base_2027q3_adjusted_opex:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_adjusted_opex:base/formula/refs/0Nonebase_2027q3_revenue
/operating_model/cells/base_2027q3_adjusted_opex:base/formula/refs/1Nonebase_2027q3_opex_ratio
/operating_model/cells/base_2027q3_adjusted_opex:base/idNonebase_2027q3_adjusted_opex
/operating_model/cells/base_2027q3_adjusted_opex:base/kindNonederived
/operating_model/cells/base_2027q3_adjusted_opex:base/labelNoneAdjusted cash operating expense
/operating_model/cells/base_2027q3_adjusted_opex:base/periodNone2027Q3
/operating_model/cells/base_2027q3_adjusted_opex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_adjusted_opex:base/valueNone523.6747126072501
/operating_model/cells/base_2027q3_capex:base/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/base_2027q3_capex:base/caseNonebase
/operating_model/cells/base_2027q3_capex:base/formula/opNonesum
/operating_model/cells/base_2027q3_capex:base/formula/refs/0Nonebase_2027q3_ordinary_capex
/operating_model/cells/base_2027q3_capex:base/formula/refs/1Nonebase_2027q3_peptide_cash
/operating_model/cells/base_2027q3_capex:base/idNonebase_2027q3_capex
/operating_model/cells/base_2027q3_capex:base/kindNonederived
/operating_model/cells/base_2027q3_capex:base/labelNonePP&E and intangible cash purchases
/operating_model/cells/base_2027q3_capex:base/periodNone2027Q3
/operating_model/cells/base_2027q3_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_capex:base/valueNone35.0
/operating_model/cells/base_2027q3_cash_before_uses:base/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/base_2027q3_cash_before_uses:base/caseNonebase
/operating_model/cells/base_2027q3_cash_before_uses:base/formula/opNonesum
/operating_model/cells/base_2027q3_cash_before_uses:base/formula/refs/0Nonebase_2027q3_operating_income
/operating_model/cells/base_2027q3_cash_before_uses:base/formula/refs/1Nonebase_2027q3_sbc
/operating_model/cells/base_2027q3_cash_before_uses:base/formula/refs/2Nonebase_2027q3_da
/operating_model/cells/base_2027q3_cash_before_uses:base/formula/refs/3Nonebase_2027q3_net_cash_interest
/operating_model/cells/base_2027q3_cash_before_uses:base/idNonebase_2027q3_cash_before_uses
/operating_model/cells/base_2027q3_cash_before_uses:base/kindNonederived
/operating_model/cells/base_2027q3_cash_before_uses:base/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/base_2027q3_cash_before_uses:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_before_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_before_uses:base/valueNone122.12969386524992
/operating_model/cells/base_2027q3_cash_election:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_cash_election:base/caseNonebase
/operating_model/cells/base_2027q3_cash_election:base/idNonebase_2027q3_cash_election
/operating_model/cells/base_2027q3_cash_election:base/kindNoneassumption
/operating_model/cells/base_2027q3_cash_election:base/labelNoneAssumed cash election in stress
/operating_model/cells/base_2027q3_cash_election:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_election:base/unitNoneratio
/operating_model/cells/base_2027q3_cash_election:base/valueNone1.0
/operating_model/cells/base_2027q3_cash_tax:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q3_cash_tax:base/idNonebase_2027q3_cash_tax
/operating_model/cells/base_2027q3_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q3_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2027q3_cash_tax:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_tax:base/valueNone8.0
/operating_model/cells/base_2027q3_cash_uses:base/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/base_2027q3_cash_uses:base/caseNonebase
/operating_model/cells/base_2027q3_cash_uses:base/formula/opNonesum
/operating_model/cells/base_2027q3_cash_uses:base/formula/refs/0Nonebase_2027q3_legal_payment
/operating_model/cells/base_2027q3_cash_uses:base/formula/refs/1Nonebase_2027q3_net_rebate_payable_use
/operating_model/cells/base_2027q3_cash_uses:base/formula/refs/2Nonebase_2027q3_cash_tax
/operating_model/cells/base_2027q3_cash_uses:base/idNonebase_2027q3_cash_uses
/operating_model/cells/base_2027q3_cash_uses:base/kindNonederived
/operating_model/cells/base_2027q3_cash_uses:base/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/base_2027q3_cash_uses:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cash_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cash_uses:base/valueNone28.0
/operating_model/cells/base_2027q3_cfo:base/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/base_2027q3_cfo:base/caseNonebase
/operating_model/cells/base_2027q3_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_cfo:base/formula/refs/0Nonebase_2027q3_cash_before_uses
/operating_model/cells/base_2027q3_cfo:base/formula/refs/1Nonebase_2027q3_cash_uses
/operating_model/cells/base_2027q3_cfo:base/idNonebase_2027q3_cfo
/operating_model/cells/base_2027q3_cfo:base/kindNonederived
/operating_model/cells/base_2027q3_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2027q3_cfo:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cfo:base/valueNone94.12969386524992
/operating_model/cells/base_2027q3_cogs_noncash:base/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/base_2027q3_cogs_noncash:base/caseNonebase
/operating_model/cells/base_2027q3_cogs_noncash:base/idNonebase_2027q3_cogs_noncash
/operating_model/cells/base_2027q3_cogs_noncash:base/kindNoneassumption
/operating_model/cells/base_2027q3_cogs_noncash:base/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/base_2027q3_cogs_noncash:base/periodNone2027Q3
/operating_model/cells/base_2027q3_cogs_noncash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_cogs_noncash:base/valueNone12.0
/operating_model/cells/base_2027q3_company_fcf:base/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/base_2027q3_company_fcf:base/caseNonebase
/operating_model/cells/base_2027q3_company_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_company_fcf:base/formula/refs/0Nonebase_2027q3_fcf
/operating_model/cells/base_2027q3_company_fcf:base/formula/refs/1Nonebase_2027q3_software
/operating_model/cells/base_2027q3_company_fcf:base/idNonebase_2027q3_company_fcf
/operating_model/cells/base_2027q3_company_fcf:base/kindNonederived
/operating_model/cells/base_2027q3_company_fcf:base/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/base_2027q3_company_fcf:base/periodNone2027Q3
/operating_model/cells/base_2027q3_company_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_company_fcf:base/valueNone50.12969386524992
/operating_model/cells/base_2027q3_da:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_da:base/caseNonebase
/operating_model/cells/base_2027q3_da:base/idNonebase_2027q3_da
/operating_model/cells/base_2027q3_da:base/kindNoneassumption
/operating_model/cells/base_2027q3_da:base/labelNoneDepreciation and amortization
/operating_model/cells/base_2027q3_da:base/periodNone2027Q3
/operating_model/cells/base_2027q3_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_da:base/valueNone43.0
/operating_model/cells/base_2027q3_deferred_cash_stress:base/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/base_2027q3_deferred_cash_stress:base/caseNonebase
/operating_model/cells/base_2027q3_deferred_cash_stress:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_deferred_cash_stress:base/formula/refs/0Nonecash_installment_stress
/operating_model/cells/base_2027q3_deferred_cash_stress:base/formula/refs/1Nonebase_2027q3_cash_election
/operating_model/cells/base_2027q3_deferred_cash_stress:base/idNonebase_2027q3_deferred_cash_stress
/operating_model/cells/base_2027q3_deferred_cash_stress:base/kindNonederived
/operating_model/cells/base_2027q3_deferred_cash_stress:base/labelNoneEucalyptus deferred cash stress
/operating_model/cells/base_2027q3_deferred_cash_stress:base/periodNone2027Q3
/operating_model/cells/base_2027q3_deferred_cash_stress:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_deferred_cash_stress:base/valueNone113.98333333333333
/operating_model/cells/base_2027q3_fcf:base/basisNoneGeneric historical cash definition.
/operating_model/cells/base_2027q3_fcf:base/caseNonebase
/operating_model/cells/base_2027q3_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_fcf:base/formula/refs/0Nonebase_2027q3_cfo
/operating_model/cells/base_2027q3_fcf:base/formula/refs/1Nonebase_2027q3_capex
/operating_model/cells/base_2027q3_fcf:base/idNonebase_2027q3_fcf
/operating_model/cells/base_2027q3_fcf:base/kindNonederived
/operating_model/cells/base_2027q3_fcf:base/labelNoneCFO less PP&E/intangibles
/operating_model/cells/base_2027q3_fcf:base/periodNone2027Q3
/operating_model/cells/base_2027q3_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_fcf:base/valueNone59.12969386524992
/operating_model/cells/base_2027q3_funding_cash:base/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/base_2027q3_funding_cash:base/caseNonebase
/operating_model/cells/base_2027q3_funding_cash:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_funding_cash:base/formula/refs/0Nonebase_2027q3_company_fcf
/operating_model/cells/base_2027q3_funding_cash:base/formula/refs/1Nonebase_2027q3_funding_uses
/operating_model/cells/base_2027q3_funding_cash:base/idNonebase_2027q3_funding_cash
/operating_model/cells/base_2027q3_funding_cash:base/kindNonederived
/operating_model/cells/base_2027q3_funding_cash:base/labelNoneCash after acquisition/award funding stress
/operating_model/cells/base_2027q3_funding_cash:base/periodNone2027Q3
/operating_model/cells/base_2027q3_funding_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_funding_cash:base/valueNone-110.85363946808343
/operating_model/cells/base_2027q3_funding_uses:base/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/base_2027q3_funding_uses:base/caseNonebase
/operating_model/cells/base_2027q3_funding_uses:base/formula/opNonesum
/operating_model/cells/base_2027q3_funding_uses:base/formula/refs/0Nonebase_2027q3_deferred_cash_stress
/operating_model/cells/base_2027q3_funding_uses:base/formula/refs/1Nonebase_2027q3_withholding
/operating_model/cells/base_2027q3_funding_uses:base/idNonebase_2027q3_funding_uses
/operating_model/cells/base_2027q3_funding_uses:base/kindNonederived
/operating_model/cells/base_2027q3_funding_uses:base/labelNoneAcquisition stress and equity award cash
/operating_model/cells/base_2027q3_funding_uses:base/periodNone2027Q3
/operating_model/cells/base_2027q3_funding_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_funding_uses:base/valueNone160.98333333333335
/operating_model/cells/base_2027q3_gross_profit:base/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/base_2027q3_gross_profit:base/caseNonebase
/operating_model/cells/base_2027q3_gross_profit:base/formula/opNonesum
/operating_model/cells/base_2027q3_gross_profit:base/formula/refs/0Nonebase_2027q3_us_gross
/operating_model/cells/base_2027q3_gross_profit:base/formula/refs/1Nonebase_2027q3_international_gross
/operating_model/cells/base_2027q3_gross_profit:base/idNonebase_2027q3_gross_profit
/operating_model/cells/base_2027q3_gross_profit:base/kindNonederived
/operating_model/cells/base_2027q3_gross_profit:base/labelNoneGAAP gross profit proxy
/operating_model/cells/base_2027q3_gross_profit:base/periodNone2027Q3
/operating_model/cells/base_2027q3_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_gross_profit:base/valueNone638.8044064725
/operating_model/cells/base_2027q3_integration:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_integration:base/caseNonebase
/operating_model/cells/base_2027q3_integration:base/idNonebase_2027q3_integration
/operating_model/cells/base_2027q3_integration:base/kindNoneassumption
/operating_model/cells/base_2027q3_integration:base/labelNoneCash transaction and integration expense
/operating_model/cells/base_2027q3_integration:base/periodNone2027Q3
/operating_model/cells/base_2027q3_integration:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_integration:base/valueNone5.0
/operating_model/cells/base_2027q3_international:base/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/base_2027q3_international:base/caseNonebase
/operating_model/cells/base_2027q3_international:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_international:base/formula/refs/0Nonebase_fy27_international
/operating_model/cells/base_2027q3_international:base/formula/refs/1Nonebase_2027q3_weight
/operating_model/cells/base_2027q3_international:base/idNonebase_2027q3_international
/operating_model/cells/base_2027q3_international:base/kindNonederived
/operating_model/cells/base_2027q3_international:base/labelNoneRest-of-world revenue
/operating_model/cells/base_2027q3_international:base/periodNone2027Q3
/operating_model/cells/base_2027q3_international:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_international:base/valueNone221.44259925000003
/operating_model/cells/base_2027q3_international_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2027q3_international_gross:base/caseNonebase
/operating_model/cells/base_2027q3_international_gross:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_international_gross:base/formula/refs/0Nonebase_2027q3_international
/operating_model/cells/base_2027q3_international_gross:base/formula/refs/1Nonebase_2027q3_international_gross_margin
/operating_model/cells/base_2027q3_international_gross:base/idNonebase_2027q3_international_gross
/operating_model/cells/base_2027q3_international_gross:base/kindNonederived
/operating_model/cells/base_2027q3_international_gross:base/labelNoneGAAP gross profit: international
/operating_model/cells/base_2027q3_international_gross:base/periodNone2027Q3
/operating_model/cells/base_2027q3_international_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_international_gross:base/valueNone121.79342958750003
/operating_model/cells/base_2027q3_international_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_international_gross_margin:base/caseNonebase
/operating_model/cells/base_2027q3_international_gross_margin:base/idNonebase_2027q3_international_gross_margin
/operating_model/cells/base_2027q3_international_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2027q3_international_gross_margin:base/labelNoneGAAP gross margin: international
/operating_model/cells/base_2027q3_international_gross_margin:base/periodNone2027Q3
/operating_model/cells/base_2027q3_international_gross_margin:base/unitNoneratio
/operating_model/cells/base_2027q3_international_gross_margin:base/valueNone0.55
/operating_model/cells/base_2027q3_legal_payment:base/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/base_2027q3_legal_payment:base/caseNonebase
/operating_model/cells/base_2027q3_legal_payment:base/idNonebase_2027q3_legal_payment
/operating_model/cells/base_2027q3_legal_payment:base/kindNoneassumption
/operating_model/cells/base_2027q3_legal_payment:base/labelNonePayment of existing June legal reserve
/operating_model/cells/base_2027q3_legal_payment:base/periodNone2027Q3
/operating_model/cells/base_2027q3_legal_payment:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_legal_payment:base/valueNone0.0
/operating_model/cells/base_2027q3_net_cash_interest:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_net_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q3_net_cash_interest:base/idNonebase_2027q3_net_cash_interest
/operating_model/cells/base_2027q3_net_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q3_net_cash_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2027q3_net_cash_interest:base/periodNone2027Q3
/operating_model/cells/base_2027q3_net_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_net_cash_interest:base/valueNone3.0
/operating_model/cells/base_2027q3_net_rebate_payable_use:base/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/base_2027q3_net_rebate_payable_use:base/caseNonebase
/operating_model/cells/base_2027q3_net_rebate_payable_use:base/idNonebase_2027q3_net_rebate_payable_use
/operating_model/cells/base_2027q3_net_rebate_payable_use:base/kindNoneassumption
/operating_model/cells/base_2027q3_net_rebate_payable_use:base/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/base_2027q3_net_rebate_payable_use:base/periodNone2027Q3
/operating_model/cells/base_2027q3_net_rebate_payable_use:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_net_rebate_payable_use:base/valueNone20.0
/operating_model/cells/base_2027q3_operating_income:base/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/base_2027q3_operating_income:base/caseNonebase
/operating_model/cells/base_2027q3_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q3_operating_income:base/formula/refs/0Nonebase_2027q3_adjusted_ebitda
/operating_model/cells/base_2027q3_operating_income:base/formula/refs/1Nonebase_2027q3_adjusted_exclusions
/operating_model/cells/base_2027q3_operating_income:base/idNonebase_2027q3_operating_income
/operating_model/cells/base_2027q3_operating_income:base/kindNonederived
/operating_model/cells/base_2027q3_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2027q3_operating_income:base/periodNone2027Q3
/operating_model/cells/base_2027q3_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_operating_income:base/valueNone15.12969386524992
/operating_model/cells/base_2027q3_opex_ratio:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_opex_ratio:base/caseNonebase
/operating_model/cells/base_2027q3_opex_ratio:base/idNonebase_2027q3_opex_ratio
/operating_model/cells/base_2027q3_opex_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q3_opex_ratio:base/labelNoneAdjusted cash opex / revenue
/operating_model/cells/base_2027q3_opex_ratio:base/periodNone2027Q3
/operating_model/cells/base_2027q3_opex_ratio:base/unitNoneratio
/operating_model/cells/base_2027q3_opex_ratio:base/valueNone0.515
/operating_model/cells/base_2027q3_ordinary_capex:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_ordinary_capex:base/caseNonebase
/operating_model/cells/base_2027q3_ordinary_capex:base/idNonebase_2027q3_ordinary_capex
/operating_model/cells/base_2027q3_ordinary_capex:base/kindNoneassumption
/operating_model/cells/base_2027q3_ordinary_capex:base/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/base_2027q3_ordinary_capex:base/periodNone2027Q3
/operating_model/cells/base_2027q3_ordinary_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_ordinary_capex:base/valueNone35.0
/operating_model/cells/base_2027q3_peptide_cash:base/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/base_2027q3_peptide_cash:base/caseNonebase
/operating_model/cells/base_2027q3_peptide_cash:base/idNonebase_2027q3_peptide_cash
/operating_model/cells/base_2027q3_peptide_cash:base/kindNoneassumption
/operating_model/cells/base_2027q3_peptide_cash:base/labelNonePeptide technology cash milestone assumption
/operating_model/cells/base_2027q3_peptide_cash:base/periodNone2027Q3
/operating_model/cells/base_2027q3_peptide_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_peptide_cash:base/valueNone0.0
/operating_model/cells/base_2027q3_revenue:base/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/base_2027q3_revenue:base/caseNonebase
/operating_model/cells/base_2027q3_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q3_revenue:base/formula/refs/0Nonebase_2027q3_us
/operating_model/cells/base_2027q3_revenue:base/formula/refs/1Nonebase_2027q3_international
/operating_model/cells/base_2027q3_revenue:base/idNonebase_2027q3_revenue
/operating_model/cells/base_2027q3_revenue:base/kindNonederived
/operating_model/cells/base_2027q3_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2027q3_revenue:base/periodNone2027Q3
/operating_model/cells/base_2027q3_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_revenue:base/valueNone1016.84410215
/operating_model/cells/base_2027q3_sbc:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_sbc:base/caseNonebase
/operating_model/cells/base_2027q3_sbc:base/idNonebase_2027q3_sbc
/operating_model/cells/base_2027q3_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q3_sbc:base/labelNoneTotal equity compensation expense
/operating_model/cells/base_2027q3_sbc:base/periodNone2027Q3
/operating_model/cells/base_2027q3_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_sbc:base/valueNone61.0
/operating_model/cells/base_2027q3_sbc_payroll:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_sbc_payroll:base/caseNonebase
/operating_model/cells/base_2027q3_sbc_payroll:base/idNonebase_2027q3_sbc_payroll
/operating_model/cells/base_2027q3_sbc_payroll:base/kindNoneassumption
/operating_model/cells/base_2027q3_sbc_payroll:base/labelNoneCash employer payroll tax on equity
/operating_model/cells/base_2027q3_sbc_payroll:base/periodNone2027Q3
/operating_model/cells/base_2027q3_sbc_payroll:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_sbc_payroll:base/valueNone3.0
/operating_model/cells/base_2027q3_software:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_software:base/caseNonebase
/operating_model/cells/base_2027q3_software:base/idNonebase_2027q3_software
/operating_model/cells/base_2027q3_software:base/kindNoneassumption
/operating_model/cells/base_2027q3_software:base/labelNoneCapitalized software cash
/operating_model/cells/base_2027q3_software:base/periodNone2027Q3
/operating_model/cells/base_2027q3_software:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_software:base/valueNone9.0
/operating_model/cells/base_2027q3_us:base/basisNoneUS revenue timing assumption.
/operating_model/cells/base_2027q3_us:base/caseNonebase
/operating_model/cells/base_2027q3_us:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_us:base/formula/refs/0Nonebase_fy27_us
/operating_model/cells/base_2027q3_us:base/formula/refs/1Nonebase_2027q3_weight
/operating_model/cells/base_2027q3_us:base/idNonebase_2027q3_us
/operating_model/cells/base_2027q3_us:base/kindNonederived
/operating_model/cells/base_2027q3_us:base/labelNoneUS revenue
/operating_model/cells/base_2027q3_us:base/periodNone2027Q3
/operating_model/cells/base_2027q3_us:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_us:base/valueNone795.4015029
/operating_model/cells/base_2027q3_us_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2027q3_us_gross:base/caseNonebase
/operating_model/cells/base_2027q3_us_gross:base/formula/opNonemultiply
/operating_model/cells/base_2027q3_us_gross:base/formula/refs/0Nonebase_2027q3_us
/operating_model/cells/base_2027q3_us_gross:base/formula/refs/1Nonebase_2027q3_us_gross_margin
/operating_model/cells/base_2027q3_us_gross:base/idNonebase_2027q3_us_gross
/operating_model/cells/base_2027q3_us_gross:base/kindNonederived
/operating_model/cells/base_2027q3_us_gross:base/labelNoneGAAP gross profit: us
/operating_model/cells/base_2027q3_us_gross:base/periodNone2027Q3
/operating_model/cells/base_2027q3_us_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_us_gross:base/valueNone517.010976885
/operating_model/cells/base_2027q3_us_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_us_gross_margin:base/caseNonebase
/operating_model/cells/base_2027q3_us_gross_margin:base/idNonebase_2027q3_us_gross_margin
/operating_model/cells/base_2027q3_us_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2027q3_us_gross_margin:base/labelNoneGAAP gross margin: us
/operating_model/cells/base_2027q3_us_gross_margin:base/periodNone2027Q3
/operating_model/cells/base_2027q3_us_gross_margin:base/unitNoneratio
/operating_model/cells/base_2027q3_us_gross_margin:base/valueNone0.65
/operating_model/cells/base_2027q3_weight:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_weight:base/caseNonebase
/operating_model/cells/base_2027q3_weight:base/idNonebase_2027q3_weight
/operating_model/cells/base_2027q3_weight:base/kindNoneassumption
/operating_model/cells/base_2027q3_weight:base/labelNoneAnnual revenue quarter share
/operating_model/cells/base_2027q3_weight:base/periodNone2027Q3
/operating_model/cells/base_2027q3_weight:base/unitNoneratio
/operating_model/cells/base_2027q3_weight:base/valueNone0.255
/operating_model/cells/base_2027q3_withholding:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q3_withholding:base/caseNonebase
/operating_model/cells/base_2027q3_withholding:base/idNonebase_2027q3_withholding
/operating_model/cells/base_2027q3_withholding:base/kindNoneassumption
/operating_model/cells/base_2027q3_withholding:base/labelNoneAward tax withholding cash
/operating_model/cells/base_2027q3_withholding:base/periodNone2027Q3
/operating_model/cells/base_2027q3_withholding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q3_withholding:base/valueNone47.0
/operating_model/cells/base_2027q4_adjusted_ebitda:base/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/base_2027q4_adjusted_ebitda:base/caseNonebase
/operating_model/cells/base_2027q4_adjusted_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_adjusted_ebitda:base/formula/refs/0Nonebase_2027q4_adjusted_gross
/operating_model/cells/base_2027q4_adjusted_ebitda:base/formula/refs/1Nonebase_2027q4_adjusted_opex
/operating_model/cells/base_2027q4_adjusted_ebitda:base/idNonebase_2027q4_adjusted_ebitda
/operating_model/cells/base_2027q4_adjusted_ebitda:base/kindNonederived
/operating_model/cells/base_2027q4_adjusted_ebitda:base/labelNoneAdjusted EBITDA
/operating_model/cells/base_2027q4_adjusted_ebitda:base/periodNone2027Q4
/operating_model/cells/base_2027q4_adjusted_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_adjusted_ebitda:base/valueNone133.90202879850006
/operating_model/cells/base_2027q4_adjusted_exclusions:base/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/base_2027q4_adjusted_exclusions:base/caseNonebase
/operating_model/cells/base_2027q4_adjusted_exclusions:base/formula/opNonesum
/operating_model/cells/base_2027q4_adjusted_exclusions:base/formula/refs/0Nonebase_2027q4_sbc
/operating_model/cells/base_2027q4_adjusted_exclusions:base/formula/refs/1Nonebase_2027q4_da
/operating_model/cells/base_2027q4_adjusted_exclusions:base/formula/refs/2Nonebase_2027q4_sbc_payroll
/operating_model/cells/base_2027q4_adjusted_exclusions:base/formula/refs/3Nonebase_2027q4_integration
/operating_model/cells/base_2027q4_adjusted_exclusions:base/idNonebase_2027q4_adjusted_exclusions
/operating_model/cells/base_2027q4_adjusted_exclusions:base/kindNonederived
/operating_model/cells/base_2027q4_adjusted_exclusions:base/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/base_2027q4_adjusted_exclusions:base/periodNone2027Q4
/operating_model/cells/base_2027q4_adjusted_exclusions:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_adjusted_exclusions:base/valueNone116.0
/operating_model/cells/base_2027q4_adjusted_gross:base/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/base_2027q4_adjusted_gross:base/caseNonebase
/operating_model/cells/base_2027q4_adjusted_gross:base/formula/opNonesum
/operating_model/cells/base_2027q4_adjusted_gross:base/formula/refs/0Nonebase_2027q4_gross_profit
/operating_model/cells/base_2027q4_adjusted_gross:base/formula/refs/1Nonebase_2027q4_cogs_noncash
/operating_model/cells/base_2027q4_adjusted_gross:base/idNonebase_2027q4_adjusted_gross
/operating_model/cells/base_2027q4_adjusted_gross:base/kindNonederived
/operating_model/cells/base_2027q4_adjusted_gross:base/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/base_2027q4_adjusted_gross:base/periodNone2027Q4
/operating_model/cells/base_2027q4_adjusted_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_adjusted_gross:base/valueNone688.3811362650001
/operating_model/cells/base_2027q4_adjusted_opex:base/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/base_2027q4_adjusted_opex:base/caseNonebase
/operating_model/cells/base_2027q4_adjusted_opex:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_adjusted_opex:base/formula/refs/0Nonebase_2027q4_revenue
/operating_model/cells/base_2027q4_adjusted_opex:base/formula/refs/1Nonebase_2027q4_opex_ratio
/operating_model/cells/base_2027q4_adjusted_opex:base/idNonebase_2027q4_adjusted_opex
/operating_model/cells/base_2027q4_adjusted_opex:base/kindNonederived
/operating_model/cells/base_2027q4_adjusted_opex:base/labelNoneAdjusted cash operating expense
/operating_model/cells/base_2027q4_adjusted_opex:base/periodNone2027Q4
/operating_model/cells/base_2027q4_adjusted_opex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_adjusted_opex:base/valueNone554.4791074665001
/operating_model/cells/base_2027q4_capex:base/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/base_2027q4_capex:base/caseNonebase
/operating_model/cells/base_2027q4_capex:base/formula/opNonesum
/operating_model/cells/base_2027q4_capex:base/formula/refs/0Nonebase_2027q4_ordinary_capex
/operating_model/cells/base_2027q4_capex:base/formula/refs/1Nonebase_2027q4_peptide_cash
/operating_model/cells/base_2027q4_capex:base/idNonebase_2027q4_capex
/operating_model/cells/base_2027q4_capex:base/kindNonederived
/operating_model/cells/base_2027q4_capex:base/labelNonePP&E and intangible cash purchases
/operating_model/cells/base_2027q4_capex:base/periodNone2027Q4
/operating_model/cells/base_2027q4_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_capex:base/valueNone35.0
/operating_model/cells/base_2027q4_cash_before_uses:base/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/base_2027q4_cash_before_uses:base/caseNonebase
/operating_model/cells/base_2027q4_cash_before_uses:base/formula/opNonesum
/operating_model/cells/base_2027q4_cash_before_uses:base/formula/refs/0Nonebase_2027q4_operating_income
/operating_model/cells/base_2027q4_cash_before_uses:base/formula/refs/1Nonebase_2027q4_sbc
/operating_model/cells/base_2027q4_cash_before_uses:base/formula/refs/2Nonebase_2027q4_da
/operating_model/cells/base_2027q4_cash_before_uses:base/formula/refs/3Nonebase_2027q4_net_cash_interest
/operating_model/cells/base_2027q4_cash_before_uses:base/idNonebase_2027q4_cash_before_uses
/operating_model/cells/base_2027q4_cash_before_uses:base/kindNonederived
/operating_model/cells/base_2027q4_cash_before_uses:base/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/base_2027q4_cash_before_uses:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_before_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_before_uses:base/valueNone128.90202879850006
/operating_model/cells/base_2027q4_cash_election:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_cash_election:base/caseNonebase
/operating_model/cells/base_2027q4_cash_election:base/idNonebase_2027q4_cash_election
/operating_model/cells/base_2027q4_cash_election:base/kindNoneassumption
/operating_model/cells/base_2027q4_cash_election:base/labelNoneAssumed cash election in stress
/operating_model/cells/base_2027q4_cash_election:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_election:base/unitNoneratio
/operating_model/cells/base_2027q4_cash_election:base/valueNone1.0
/operating_model/cells/base_2027q4_cash_tax:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_cash_tax:base/caseNonebase
/operating_model/cells/base_2027q4_cash_tax:base/idNonebase_2027q4_cash_tax
/operating_model/cells/base_2027q4_cash_tax:base/kindNoneassumption
/operating_model/cells/base_2027q4_cash_tax:base/labelNoneCash tax allowance
/operating_model/cells/base_2027q4_cash_tax:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_tax:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_tax:base/valueNone8.0
/operating_model/cells/base_2027q4_cash_uses:base/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/base_2027q4_cash_uses:base/caseNonebase
/operating_model/cells/base_2027q4_cash_uses:base/formula/opNonesum
/operating_model/cells/base_2027q4_cash_uses:base/formula/refs/0Nonebase_2027q4_legal_payment
/operating_model/cells/base_2027q4_cash_uses:base/formula/refs/1Nonebase_2027q4_net_rebate_payable_use
/operating_model/cells/base_2027q4_cash_uses:base/formula/refs/2Nonebase_2027q4_cash_tax
/operating_model/cells/base_2027q4_cash_uses:base/idNonebase_2027q4_cash_uses
/operating_model/cells/base_2027q4_cash_uses:base/kindNonederived
/operating_model/cells/base_2027q4_cash_uses:base/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/base_2027q4_cash_uses:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cash_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cash_uses:base/valueNone13.0
/operating_model/cells/base_2027q4_cfo:base/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/base_2027q4_cfo:base/caseNonebase
/operating_model/cells/base_2027q4_cfo:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_cfo:base/formula/refs/0Nonebase_2027q4_cash_before_uses
/operating_model/cells/base_2027q4_cfo:base/formula/refs/1Nonebase_2027q4_cash_uses
/operating_model/cells/base_2027q4_cfo:base/idNonebase_2027q4_cfo
/operating_model/cells/base_2027q4_cfo:base/kindNonederived
/operating_model/cells/base_2027q4_cfo:base/labelNoneOperating cash flow
/operating_model/cells/base_2027q4_cfo:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cfo:base/valueNone115.90202879850006
/operating_model/cells/base_2027q4_cogs_noncash:base/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/base_2027q4_cogs_noncash:base/caseNonebase
/operating_model/cells/base_2027q4_cogs_noncash:base/idNonebase_2027q4_cogs_noncash
/operating_model/cells/base_2027q4_cogs_noncash:base/kindNoneassumption
/operating_model/cells/base_2027q4_cogs_noncash:base/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/base_2027q4_cogs_noncash:base/periodNone2027Q4
/operating_model/cells/base_2027q4_cogs_noncash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_cogs_noncash:base/valueNone12.0
/operating_model/cells/base_2027q4_company_fcf:base/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/base_2027q4_company_fcf:base/caseNonebase
/operating_model/cells/base_2027q4_company_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_company_fcf:base/formula/refs/0Nonebase_2027q4_fcf
/operating_model/cells/base_2027q4_company_fcf:base/formula/refs/1Nonebase_2027q4_software
/operating_model/cells/base_2027q4_company_fcf:base/idNonebase_2027q4_company_fcf
/operating_model/cells/base_2027q4_company_fcf:base/kindNonederived
/operating_model/cells/base_2027q4_company_fcf:base/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/base_2027q4_company_fcf:base/periodNone2027Q4
/operating_model/cells/base_2027q4_company_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_company_fcf:base/valueNone71.40202879850006
/operating_model/cells/base_2027q4_da:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_da:base/caseNonebase
/operating_model/cells/base_2027q4_da:base/idNonebase_2027q4_da
/operating_model/cells/base_2027q4_da:base/kindNoneassumption
/operating_model/cells/base_2027q4_da:base/labelNoneDepreciation and amortization
/operating_model/cells/base_2027q4_da:base/periodNone2027Q4
/operating_model/cells/base_2027q4_da:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_da:base/valueNone43.0
/operating_model/cells/base_2027q4_deferred_cash_stress:base/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/base_2027q4_deferred_cash_stress:base/caseNonebase
/operating_model/cells/base_2027q4_deferred_cash_stress:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_deferred_cash_stress:base/formula/refs/0Nonecash_installment_stress
/operating_model/cells/base_2027q4_deferred_cash_stress:base/formula/refs/1Nonebase_2027q4_cash_election
/operating_model/cells/base_2027q4_deferred_cash_stress:base/idNonebase_2027q4_deferred_cash_stress
/operating_model/cells/base_2027q4_deferred_cash_stress:base/kindNonederived
/operating_model/cells/base_2027q4_deferred_cash_stress:base/labelNoneEucalyptus deferred cash stress
/operating_model/cells/base_2027q4_deferred_cash_stress:base/periodNone2027Q4
/operating_model/cells/base_2027q4_deferred_cash_stress:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_deferred_cash_stress:base/valueNone113.98333333333333
/operating_model/cells/base_2027q4_fcf:base/basisNoneGeneric historical cash definition.
/operating_model/cells/base_2027q4_fcf:base/caseNonebase
/operating_model/cells/base_2027q4_fcf:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_fcf:base/formula/refs/0Nonebase_2027q4_cfo
/operating_model/cells/base_2027q4_fcf:base/formula/refs/1Nonebase_2027q4_capex
/operating_model/cells/base_2027q4_fcf:base/idNonebase_2027q4_fcf
/operating_model/cells/base_2027q4_fcf:base/kindNonederived
/operating_model/cells/base_2027q4_fcf:base/labelNoneCFO less PP&E/intangibles
/operating_model/cells/base_2027q4_fcf:base/periodNone2027Q4
/operating_model/cells/base_2027q4_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_fcf:base/valueNone80.90202879850006
/operating_model/cells/base_2027q4_funding_cash:base/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/base_2027q4_funding_cash:base/caseNonebase
/operating_model/cells/base_2027q4_funding_cash:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_funding_cash:base/formula/refs/0Nonebase_2027q4_company_fcf
/operating_model/cells/base_2027q4_funding_cash:base/formula/refs/1Nonebase_2027q4_funding_uses
/operating_model/cells/base_2027q4_funding_cash:base/idNonebase_2027q4_funding_cash
/operating_model/cells/base_2027q4_funding_cash:base/kindNonederived
/operating_model/cells/base_2027q4_funding_cash:base/labelNoneCash after acquisition/award funding stress
/operating_model/cells/base_2027q4_funding_cash:base/periodNone2027Q4
/operating_model/cells/base_2027q4_funding_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_funding_cash:base/valueNone-92.5813045348333
/operating_model/cells/base_2027q4_funding_uses:base/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/base_2027q4_funding_uses:base/caseNonebase
/operating_model/cells/base_2027q4_funding_uses:base/formula/opNonesum
/operating_model/cells/base_2027q4_funding_uses:base/formula/refs/0Nonebase_2027q4_deferred_cash_stress
/operating_model/cells/base_2027q4_funding_uses:base/formula/refs/1Nonebase_2027q4_withholding
/operating_model/cells/base_2027q4_funding_uses:base/idNonebase_2027q4_funding_uses
/operating_model/cells/base_2027q4_funding_uses:base/kindNonederived
/operating_model/cells/base_2027q4_funding_uses:base/labelNoneAcquisition stress and equity award cash
/operating_model/cells/base_2027q4_funding_uses:base/periodNone2027Q4
/operating_model/cells/base_2027q4_funding_uses:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_funding_uses:base/valueNone163.98333333333335
/operating_model/cells/base_2027q4_gross_profit:base/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/base_2027q4_gross_profit:base/caseNonebase
/operating_model/cells/base_2027q4_gross_profit:base/formula/opNonesum
/operating_model/cells/base_2027q4_gross_profit:base/formula/refs/0Nonebase_2027q4_us_gross
/operating_model/cells/base_2027q4_gross_profit:base/formula/refs/1Nonebase_2027q4_international_gross
/operating_model/cells/base_2027q4_gross_profit:base/idNonebase_2027q4_gross_profit
/operating_model/cells/base_2027q4_gross_profit:base/kindNonederived
/operating_model/cells/base_2027q4_gross_profit:base/labelNoneGAAP gross profit proxy
/operating_model/cells/base_2027q4_gross_profit:base/periodNone2027Q4
/operating_model/cells/base_2027q4_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_gross_profit:base/valueNone676.3811362650001
/operating_model/cells/base_2027q4_integration:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_integration:base/caseNonebase
/operating_model/cells/base_2027q4_integration:base/idNonebase_2027q4_integration
/operating_model/cells/base_2027q4_integration:base/kindNoneassumption
/operating_model/cells/base_2027q4_integration:base/labelNoneCash transaction and integration expense
/operating_model/cells/base_2027q4_integration:base/periodNone2027Q4
/operating_model/cells/base_2027q4_integration:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_integration:base/valueNone5.0
/operating_model/cells/base_2027q4_international:base/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/base_2027q4_international:base/caseNonebase
/operating_model/cells/base_2027q4_international:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_international:base/formula/refs/0Nonebase_fy27_international
/operating_model/cells/base_2027q4_international:base/formula/refs/1Nonebase_2027q4_weight
/operating_model/cells/base_2027q4_international:base/idNonebase_2027q4_international
/operating_model/cells/base_2027q4_international:base/kindNonederived
/operating_model/cells/base_2027q4_international:base/labelNoneRest-of-world revenue
/operating_model/cells/base_2027q4_international:base/periodNone2027Q4
/operating_model/cells/base_2027q4_international:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_international:base/valueNone234.46863450000004
/operating_model/cells/base_2027q4_international_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2027q4_international_gross:base/caseNonebase
/operating_model/cells/base_2027q4_international_gross:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_international_gross:base/formula/refs/0Nonebase_2027q4_international
/operating_model/cells/base_2027q4_international_gross:base/formula/refs/1Nonebase_2027q4_international_gross_margin
/operating_model/cells/base_2027q4_international_gross:base/idNonebase_2027q4_international_gross
/operating_model/cells/base_2027q4_international_gross:base/kindNonederived
/operating_model/cells/base_2027q4_international_gross:base/labelNoneGAAP gross profit: international
/operating_model/cells/base_2027q4_international_gross:base/periodNone2027Q4
/operating_model/cells/base_2027q4_international_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_international_gross:base/valueNone128.95774897500004
/operating_model/cells/base_2027q4_international_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_international_gross_margin:base/caseNonebase
/operating_model/cells/base_2027q4_international_gross_margin:base/idNonebase_2027q4_international_gross_margin
/operating_model/cells/base_2027q4_international_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2027q4_international_gross_margin:base/labelNoneGAAP gross margin: international
/operating_model/cells/base_2027q4_international_gross_margin:base/periodNone2027Q4
/operating_model/cells/base_2027q4_international_gross_margin:base/unitNoneratio
/operating_model/cells/base_2027q4_international_gross_margin:base/valueNone0.55
/operating_model/cells/base_2027q4_legal_payment:base/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/base_2027q4_legal_payment:base/caseNonebase
/operating_model/cells/base_2027q4_legal_payment:base/idNonebase_2027q4_legal_payment
/operating_model/cells/base_2027q4_legal_payment:base/kindNoneassumption
/operating_model/cells/base_2027q4_legal_payment:base/labelNonePayment of existing June legal reserve
/operating_model/cells/base_2027q4_legal_payment:base/periodNone2027Q4
/operating_model/cells/base_2027q4_legal_payment:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_legal_payment:base/valueNone0.0
/operating_model/cells/base_2027q4_net_cash_interest:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_net_cash_interest:base/caseNonebase
/operating_model/cells/base_2027q4_net_cash_interest:base/idNonebase_2027q4_net_cash_interest
/operating_model/cells/base_2027q4_net_cash_interest:base/kindNoneassumption
/operating_model/cells/base_2027q4_net_cash_interest:base/labelNoneNet cash interest income
/operating_model/cells/base_2027q4_net_cash_interest:base/periodNone2027Q4
/operating_model/cells/base_2027q4_net_cash_interest:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_net_cash_interest:base/valueNone3.0
/operating_model/cells/base_2027q4_net_rebate_payable_use:base/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/base_2027q4_net_rebate_payable_use:base/caseNonebase
/operating_model/cells/base_2027q4_net_rebate_payable_use:base/idNonebase_2027q4_net_rebate_payable_use
/operating_model/cells/base_2027q4_net_rebate_payable_use:base/kindNoneassumption
/operating_model/cells/base_2027q4_net_rebate_payable_use:base/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/base_2027q4_net_rebate_payable_use:base/periodNone2027Q4
/operating_model/cells/base_2027q4_net_rebate_payable_use:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_net_rebate_payable_use:base/valueNone5.0
/operating_model/cells/base_2027q4_operating_income:base/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/base_2027q4_operating_income:base/caseNonebase
/operating_model/cells/base_2027q4_operating_income:base/formula/opNonesubtract
/operating_model/cells/base_2027q4_operating_income:base/formula/refs/0Nonebase_2027q4_adjusted_ebitda
/operating_model/cells/base_2027q4_operating_income:base/formula/refs/1Nonebase_2027q4_adjusted_exclusions
/operating_model/cells/base_2027q4_operating_income:base/idNonebase_2027q4_operating_income
/operating_model/cells/base_2027q4_operating_income:base/kindNonederived
/operating_model/cells/base_2027q4_operating_income:base/labelNoneGAAP operating income proxy
/operating_model/cells/base_2027q4_operating_income:base/periodNone2027Q4
/operating_model/cells/base_2027q4_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_operating_income:base/valueNone17.902028798500055
/operating_model/cells/base_2027q4_opex_ratio:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_opex_ratio:base/caseNonebase
/operating_model/cells/base_2027q4_opex_ratio:base/idNonebase_2027q4_opex_ratio
/operating_model/cells/base_2027q4_opex_ratio:base/kindNoneassumption
/operating_model/cells/base_2027q4_opex_ratio:base/labelNoneAdjusted cash opex / revenue
/operating_model/cells/base_2027q4_opex_ratio:base/periodNone2027Q4
/operating_model/cells/base_2027q4_opex_ratio:base/unitNoneratio
/operating_model/cells/base_2027q4_opex_ratio:base/valueNone0.515
/operating_model/cells/base_2027q4_ordinary_capex:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_ordinary_capex:base/caseNonebase
/operating_model/cells/base_2027q4_ordinary_capex:base/idNonebase_2027q4_ordinary_capex
/operating_model/cells/base_2027q4_ordinary_capex:base/kindNoneassumption
/operating_model/cells/base_2027q4_ordinary_capex:base/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/base_2027q4_ordinary_capex:base/periodNone2027Q4
/operating_model/cells/base_2027q4_ordinary_capex:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_ordinary_capex:base/valueNone35.0
/operating_model/cells/base_2027q4_peptide_cash:base/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/base_2027q4_peptide_cash:base/caseNonebase
/operating_model/cells/base_2027q4_peptide_cash:base/idNonebase_2027q4_peptide_cash
/operating_model/cells/base_2027q4_peptide_cash:base/kindNoneassumption
/operating_model/cells/base_2027q4_peptide_cash:base/labelNonePeptide technology cash milestone assumption
/operating_model/cells/base_2027q4_peptide_cash:base/periodNone2027Q4
/operating_model/cells/base_2027q4_peptide_cash:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_peptide_cash:base/valueNone0.0
/operating_model/cells/base_2027q4_revenue:base/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/base_2027q4_revenue:base/caseNonebase
/operating_model/cells/base_2027q4_revenue:base/formula/opNonesum
/operating_model/cells/base_2027q4_revenue:base/formula/refs/0Nonebase_2027q4_us
/operating_model/cells/base_2027q4_revenue:base/formula/refs/1Nonebase_2027q4_international
/operating_model/cells/base_2027q4_revenue:base/idNonebase_2027q4_revenue
/operating_model/cells/base_2027q4_revenue:base/kindNonederived
/operating_model/cells/base_2027q4_revenue:base/labelNoneConsolidated revenue
/operating_model/cells/base_2027q4_revenue:base/periodNone2027Q4
/operating_model/cells/base_2027q4_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_revenue:base/valueNone1076.6584611
/operating_model/cells/base_2027q4_sbc:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_sbc:base/caseNonebase
/operating_model/cells/base_2027q4_sbc:base/idNonebase_2027q4_sbc
/operating_model/cells/base_2027q4_sbc:base/kindNoneassumption
/operating_model/cells/base_2027q4_sbc:base/labelNoneTotal equity compensation expense
/operating_model/cells/base_2027q4_sbc:base/periodNone2027Q4
/operating_model/cells/base_2027q4_sbc:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_sbc:base/valueNone65.0
/operating_model/cells/base_2027q4_sbc_payroll:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_sbc_payroll:base/caseNonebase
/operating_model/cells/base_2027q4_sbc_payroll:base/idNonebase_2027q4_sbc_payroll
/operating_model/cells/base_2027q4_sbc_payroll:base/kindNoneassumption
/operating_model/cells/base_2027q4_sbc_payroll:base/labelNoneCash employer payroll tax on equity
/operating_model/cells/base_2027q4_sbc_payroll:base/periodNone2027Q4
/operating_model/cells/base_2027q4_sbc_payroll:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_sbc_payroll:base/valueNone3.0
/operating_model/cells/base_2027q4_software:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_software:base/caseNonebase
/operating_model/cells/base_2027q4_software:base/idNonebase_2027q4_software
/operating_model/cells/base_2027q4_software:base/kindNoneassumption
/operating_model/cells/base_2027q4_software:base/labelNoneCapitalized software cash
/operating_model/cells/base_2027q4_software:base/periodNone2027Q4
/operating_model/cells/base_2027q4_software:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_software:base/valueNone9.5
/operating_model/cells/base_2027q4_us:base/basisNoneUS revenue timing assumption.
/operating_model/cells/base_2027q4_us:base/caseNonebase
/operating_model/cells/base_2027q4_us:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_us:base/formula/refs/0Nonebase_fy27_us
/operating_model/cells/base_2027q4_us:base/formula/refs/1Nonebase_2027q4_weight
/operating_model/cells/base_2027q4_us:base/idNonebase_2027q4_us
/operating_model/cells/base_2027q4_us:base/kindNonederived
/operating_model/cells/base_2027q4_us:base/labelNoneUS revenue
/operating_model/cells/base_2027q4_us:base/periodNone2027Q4
/operating_model/cells/base_2027q4_us:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_us:base/valueNone842.1898266000001
/operating_model/cells/base_2027q4_us_gross:base/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/base_2027q4_us_gross:base/caseNonebase
/operating_model/cells/base_2027q4_us_gross:base/formula/opNonemultiply
/operating_model/cells/base_2027q4_us_gross:base/formula/refs/0Nonebase_2027q4_us
/operating_model/cells/base_2027q4_us_gross:base/formula/refs/1Nonebase_2027q4_us_gross_margin
/operating_model/cells/base_2027q4_us_gross:base/idNonebase_2027q4_us_gross
/operating_model/cells/base_2027q4_us_gross:base/kindNonederived
/operating_model/cells/base_2027q4_us_gross:base/labelNoneGAAP gross profit: us
/operating_model/cells/base_2027q4_us_gross:base/periodNone2027Q4
/operating_model/cells/base_2027q4_us_gross:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_us_gross:base/valueNone547.42338729
/operating_model/cells/base_2027q4_us_gross_margin:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_us_gross_margin:base/caseNonebase
/operating_model/cells/base_2027q4_us_gross_margin:base/idNonebase_2027q4_us_gross_margin
/operating_model/cells/base_2027q4_us_gross_margin:base/kindNoneassumption
/operating_model/cells/base_2027q4_us_gross_margin:base/labelNoneGAAP gross margin: us
/operating_model/cells/base_2027q4_us_gross_margin:base/periodNone2027Q4
/operating_model/cells/base_2027q4_us_gross_margin:base/unitNoneratio
/operating_model/cells/base_2027q4_us_gross_margin:base/valueNone0.65
/operating_model/cells/base_2027q4_weight:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_weight:base/caseNonebase
/operating_model/cells/base_2027q4_weight:base/idNonebase_2027q4_weight
/operating_model/cells/base_2027q4_weight:base/kindNoneassumption
/operating_model/cells/base_2027q4_weight:base/labelNoneAnnual revenue quarter share
/operating_model/cells/base_2027q4_weight:base/periodNone2027Q4
/operating_model/cells/base_2027q4_weight:base/unitNoneratio
/operating_model/cells/base_2027q4_weight:base/valueNone0.27
/operating_model/cells/base_2027q4_withholding:base/basisNoneDesk assumption, not company guidance.
/operating_model/cells/base_2027q4_withholding:base/caseNonebase
/operating_model/cells/base_2027q4_withholding:base/idNonebase_2027q4_withholding
/operating_model/cells/base_2027q4_withholding:base/kindNoneassumption
/operating_model/cells/base_2027q4_withholding:base/labelNoneAward tax withholding cash
/operating_model/cells/base_2027q4_withholding:base/periodNone2027Q4
/operating_model/cells/base_2027q4_withholding:base/unitNoneUSD_millions
/operating_model/cells/base_2027q4_withholding:base/valueNone50.0
/operating_model/cells/base_adjfactor:base/basisNoneDesk scenario multiplier.
/operating_model/cells/base_adjfactor:base/caseNonebase
/operating_model/cells/base_adjfactor:base/idNonebase_adjfactor
/operating_model/cells/base_adjfactor:base/kindNoneassumption
/operating_model/cells/base_adjfactor:base/labelNone2026 adjusted EBITDA / guide midpoint
/operating_model/cells/base_adjfactor:base/periodNoneFY2026
/operating_model/cells/base_adjfactor:base/unitNoneratio
/operating_model/cells/base_adjfactor:base/valueNone1.0
/operating_model/cells/base_delivery:base/basisNoneDesk scenario multiplier.
/operating_model/cells/base_delivery:base/caseNonebase
/operating_model/cells/base_delivery:base/idNonebase_delivery
/operating_model/cells/base_delivery:base/kindNoneassumption
/operating_model/cells/base_delivery:base/labelNone2026 sales delivery / guide midpoint
/operating_model/cells/base_delivery:base/periodNoneFY2026
/operating_model/cells/base_delivery:base/unitNoneratio
/operating_model/cells/base_delivery:base/valueNone1.0
/operating_model/cells/base_fy2026_adjusted_ebitda:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_adjusted_ebitda:base/caseNonebase
/operating_model/cells/base_fy2026_adjusted_ebitda:base/formula/opNonesum
/operating_model/cells/base_fy2026_adjusted_ebitda:base/formula/refs/0Noneh1_adjusted_ebitda
/operating_model/cells/base_fy2026_adjusted_ebitda:base/formula/refs/1Nonebase_2026q3_adjusted_ebitda
/operating_model/cells/base_fy2026_adjusted_ebitda:base/formula/refs/2Nonebase_2026q4_adjusted_ebitda
/operating_model/cells/base_fy2026_adjusted_ebitda:base/idNonebase_fy2026_adjusted_ebitda
/operating_model/cells/base_fy2026_adjusted_ebitda:base/kindNonederived
/operating_model/cells/base_fy2026_adjusted_ebitda:base/labelNoneAdjusted EBITDA ($M)
/operating_model/cells/base_fy2026_adjusted_ebitda:base/periodNoneFY2026
/operating_model/cells/base_fy2026_adjusted_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_adjusted_ebitda:base/valueNone300.0
/operating_model/cells/base_fy2026_capex:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_capex:base/caseNonebase
/operating_model/cells/base_fy2026_capex:base/formula/opNonesum
/operating_model/cells/base_fy2026_capex:base/formula/refs/0Noneh1_capex
/operating_model/cells/base_fy2026_capex:base/formula/refs/1Nonebase_2026q3_capex
/operating_model/cells/base_fy2026_capex:base/formula/refs/2Nonebase_2026q4_capex
/operating_model/cells/base_fy2026_capex:base/idNonebase_fy2026_capex
/operating_model/cells/base_fy2026_capex:base/kindNonederived
/operating_model/cells/base_fy2026_capex:base/labelNonePP&E and intangible cash purchases ($M)
/operating_model/cells/base_fy2026_capex:base/periodNoneFY2026
/operating_model/cells/base_fy2026_capex:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_capex:base/valueNone134.77
/operating_model/cells/base_fy2026_cfo:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_cfo:base/caseNonebase
/operating_model/cells/base_fy2026_cfo:base/formula/opNonesum
/operating_model/cells/base_fy2026_cfo:base/formula/refs/0Noneh1_cfo
/operating_model/cells/base_fy2026_cfo:base/formula/refs/1Nonebase_2026q3_cfo
/operating_model/cells/base_fy2026_cfo:base/formula/refs/2Nonebase_2026q4_cfo
/operating_model/cells/base_fy2026_cfo:base/idNonebase_fy2026_cfo
/operating_model/cells/base_fy2026_cfo:base/kindNonederived
/operating_model/cells/base_fy2026_cfo:base/labelNoneOperating cash flow ($M)
/operating_model/cells/base_fy2026_cfo:base/periodNoneFY2026
/operating_model/cells/base_fy2026_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_cfo:base/valueNone124.314
/operating_model/cells/base_fy2026_company_fcf:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_company_fcf:base/caseNonebase
/operating_model/cells/base_fy2026_company_fcf:base/formula/opNonesum
/operating_model/cells/base_fy2026_company_fcf:base/formula/refs/0Noneh1_company_fcf
/operating_model/cells/base_fy2026_company_fcf:base/formula/refs/1Nonebase_2026q3_company_fcf
/operating_model/cells/base_fy2026_company_fcf:base/formula/refs/2Nonebase_2026q4_company_fcf
/operating_model/cells/base_fy2026_company_fcf:base/idNonebase_fy2026_company_fcf
/operating_model/cells/base_fy2026_company_fcf:base/kindNonederived
/operating_model/cells/base_fy2026_company_fcf:base/labelNoneCFO less PP&E/intangibles/software ($M)
/operating_model/cells/base_fy2026_company_fcf:base/periodNoneFY2026
/operating_model/cells/base_fy2026_company_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_company_fcf:base/valueNone-37.76400000000001
/operating_model/cells/base_fy2026_fcf:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_fcf:base/caseNonebase
/operating_model/cells/base_fy2026_fcf:base/formula/opNonesum
/operating_model/cells/base_fy2026_fcf:base/formula/refs/0Noneh1_fcf
/operating_model/cells/base_fy2026_fcf:base/formula/refs/1Nonebase_2026q3_fcf
/operating_model/cells/base_fy2026_fcf:base/formula/refs/2Nonebase_2026q4_fcf
/operating_model/cells/base_fy2026_fcf:base/idNonebase_fy2026_fcf
/operating_model/cells/base_fy2026_fcf:base/kindNonederived
/operating_model/cells/base_fy2026_fcf:base/labelNoneCFO less PP&E/intangibles ($M)
/operating_model/cells/base_fy2026_fcf:base/periodNoneFY2026
/operating_model/cells/base_fy2026_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_fcf:base/valueNone-10.45600000000001
/operating_model/cells/base_fy2026_funding_cash:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_funding_cash:base/caseNonebase
/operating_model/cells/base_fy2026_funding_cash:base/formula/opNonesum
/operating_model/cells/base_fy2026_funding_cash:base/formula/refs/0Noneh1_funding_cash
/operating_model/cells/base_fy2026_funding_cash:base/formula/refs/1Nonebase_2026q3_funding_cash
/operating_model/cells/base_fy2026_funding_cash:base/formula/refs/2Nonebase_2026q4_funding_cash
/operating_model/cells/base_fy2026_funding_cash:base/idNonebase_fy2026_funding_cash
/operating_model/cells/base_fy2026_funding_cash:base/kindNonederived
/operating_model/cells/base_fy2026_funding_cash:base/labelNoneCash after acquisition/award funding stress ($M)
/operating_model/cells/base_fy2026_funding_cash:base/periodNoneFY2026
/operating_model/cells/base_fy2026_funding_cash:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_funding_cash:base/valueNone-762.8446666666669
/operating_model/cells/base_fy2026_gross_profit:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_gross_profit:base/caseNonebase
/operating_model/cells/base_fy2026_gross_profit:base/formula/opNonesum
/operating_model/cells/base_fy2026_gross_profit:base/formula/refs/0Noneh1_gross_profit
/operating_model/cells/base_fy2026_gross_profit:base/formula/refs/1Nonebase_2026q3_gross_profit
/operating_model/cells/base_fy2026_gross_profit:base/formula/refs/2Nonebase_2026q4_gross_profit
/operating_model/cells/base_fy2026_gross_profit:base/idNonebase_fy2026_gross_profit
/operating_model/cells/base_fy2026_gross_profit:base/kindNonederived
/operating_model/cells/base_fy2026_gross_profit:base/labelNoneGAAP gross profit proxy ($M)
/operating_model/cells/base_fy2026_gross_profit:base/periodNoneFY2026
/operating_model/cells/base_fy2026_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_gross_profit:base/valueNone2029.3651000000002
/operating_model/cells/base_fy2026_international:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_international:base/caseNonebase
/operating_model/cells/base_fy2026_international:base/formula/opNonesum
/operating_model/cells/base_fy2026_international:base/formula/refs/0Noneh1_international
/operating_model/cells/base_fy2026_international:base/formula/refs/1Nonebase_2026q3_international
/operating_model/cells/base_fy2026_international:base/formula/refs/2Nonebase_2026q4_international
/operating_model/cells/base_fy2026_international:base/idNonebase_fy2026_international
/operating_model/cells/base_fy2026_international:base/kindNonederived
/operating_model/cells/base_fy2026_international:base/labelNoneRest-of-world revenue ($M)
/operating_model/cells/base_fy2026_international:base/periodNoneFY2026
/operating_model/cells/base_fy2026_international:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_international:base/valueNone643.261
/operating_model/cells/base_fy2026_operating_income:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_operating_income:base/caseNonebase
/operating_model/cells/base_fy2026_operating_income:base/formula/opNonesum
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/0Noneh1_operating_income
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/1Nonebase_2026q3_operating_income
/operating_model/cells/base_fy2026_operating_income:base/formula/refs/2Nonebase_2026q4_operating_income
/operating_model/cells/base_fy2026_operating_income:base/idNonebase_fy2026_operating_income
/operating_model/cells/base_fy2026_operating_income:base/kindNonederived
/operating_model/cells/base_fy2026_operating_income:base/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/base_fy2026_operating_income:base/periodNoneFY2026
/operating_model/cells/base_fy2026_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_operating_income:base/valueNone-176.118
/operating_model/cells/base_fy2026_revenue:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_revenue:base/caseNonebase
/operating_model/cells/base_fy2026_revenue:base/formula/opNonesum
/operating_model/cells/base_fy2026_revenue:base/formula/refs/0Noneh1_revenue
/operating_model/cells/base_fy2026_revenue:base/formula/refs/1Nonebase_2026q3_revenue
/operating_model/cells/base_fy2026_revenue:base/formula/refs/2Nonebase_2026q4_revenue
/operating_model/cells/base_fy2026_revenue:base/idNonebase_fy2026_revenue
/operating_model/cells/base_fy2026_revenue:base/kindNonederived
/operating_model/cells/base_fy2026_revenue:base/labelNoneConsolidated revenue ($M)
/operating_model/cells/base_fy2026_revenue:base/periodNoneFY2026
/operating_model/cells/base_fy2026_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_revenue:base/valueNone3200.0
/operating_model/cells/base_fy2026_software:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_software:base/caseNonebase
/operating_model/cells/base_fy2026_software:base/formula/opNonesum
/operating_model/cells/base_fy2026_software:base/formula/refs/0Noneh1_software
/operating_model/cells/base_fy2026_software:base/formula/refs/1Nonebase_2026q3_software
/operating_model/cells/base_fy2026_software:base/formula/refs/2Nonebase_2026q4_software
/operating_model/cells/base_fy2026_software:base/idNonebase_fy2026_software
/operating_model/cells/base_fy2026_software:base/kindNonederived
/operating_model/cells/base_fy2026_software:base/labelNoneCapitalized software cash ($M)
/operating_model/cells/base_fy2026_software:base/periodNoneFY2026
/operating_model/cells/base_fy2026_software:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_software:base/valueNone27.308
/operating_model/cells/base_fy2026_us:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2026_us:base/caseNonebase
/operating_model/cells/base_fy2026_us:base/formula/opNonesum
/operating_model/cells/base_fy2026_us:base/formula/refs/0Noneh1_us
/operating_model/cells/base_fy2026_us:base/formula/refs/1Nonebase_2026q3_us
/operating_model/cells/base_fy2026_us:base/formula/refs/2Nonebase_2026q4_us
/operating_model/cells/base_fy2026_us:base/idNonebase_fy2026_us
/operating_model/cells/base_fy2026_us:base/kindNonederived
/operating_model/cells/base_fy2026_us:base/labelNoneUS revenue ($M)
/operating_model/cells/base_fy2026_us:base/periodNoneFY2026
/operating_model/cells/base_fy2026_us:base/unitNoneUSD_millions
/operating_model/cells/base_fy2026_us:base/valueNone2556.739
/operating_model/cells/base_fy2027_adjusted_ebitda:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_adjusted_ebitda:base/caseNonebase
/operating_model/cells/base_fy2027_adjusted_ebitda:base/formula/opNonesum
/operating_model/cells/base_fy2027_adjusted_ebitda:base/formula/refs/0Nonebase_2027q1_adjusted_ebitda
/operating_model/cells/base_fy2027_adjusted_ebitda:base/formula/refs/1Nonebase_2027q2_adjusted_ebitda
/operating_model/cells/base_fy2027_adjusted_ebitda:base/formula/refs/2Nonebase_2027q3_adjusted_ebitda
/operating_model/cells/base_fy2027_adjusted_ebitda:base/formula/refs/3Nonebase_2027q4_adjusted_ebitda
/operating_model/cells/base_fy2027_adjusted_ebitda:base/idNonebase_fy2027_adjusted_ebitda
/operating_model/cells/base_fy2027_adjusted_ebitda:base/kindNonederived
/operating_model/cells/base_fy2027_adjusted_ebitda:base/labelNoneAdjusted EBITDA ($M)
/operating_model/cells/base_fy2027_adjusted_ebitda:base/periodNoneFY2027
/operating_model/cells/base_fy2027_adjusted_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_adjusted_ebitda:base/valueNone499.48899555
/operating_model/cells/base_fy2027_capex:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_capex:base/caseNonebase
/operating_model/cells/base_fy2027_capex:base/formula/opNonesum
/operating_model/cells/base_fy2027_capex:base/formula/refs/0Nonebase_2027q1_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/1Nonebase_2027q2_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/2Nonebase_2027q3_capex
/operating_model/cells/base_fy2027_capex:base/formula/refs/3Nonebase_2027q4_capex
/operating_model/cells/base_fy2027_capex:base/idNonebase_fy2027_capex
/operating_model/cells/base_fy2027_capex:base/kindNonederived
/operating_model/cells/base_fy2027_capex:base/labelNonePP&E and intangible cash purchases ($M)
/operating_model/cells/base_fy2027_capex:base/periodNoneFY2027
/operating_model/cells/base_fy2027_capex:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_capex:base/valueNone155.0
/operating_model/cells/base_fy2027_cfo:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_cfo:base/caseNonebase
/operating_model/cells/base_fy2027_cfo:base/formula/opNonesum
/operating_model/cells/base_fy2027_cfo:base/formula/refs/0Nonebase_2027q1_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/1Nonebase_2027q2_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/2Nonebase_2027q3_cfo
/operating_model/cells/base_fy2027_cfo:base/formula/refs/3Nonebase_2027q4_cfo
/operating_model/cells/base_fy2027_cfo:base/idNonebase_fy2027_cfo
/operating_model/cells/base_fy2027_cfo:base/kindNonederived
/operating_model/cells/base_fy2027_cfo:base/labelNoneOperating cash flow ($M)
/operating_model/cells/base_fy2027_cfo:base/periodNoneFY2027
/operating_model/cells/base_fy2027_cfo:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_cfo:base/valueNone387.48899555
/operating_model/cells/base_fy2027_company_fcf:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_company_fcf:base/caseNonebase
/operating_model/cells/base_fy2027_company_fcf:base/formula/opNonesum
/operating_model/cells/base_fy2027_company_fcf:base/formula/refs/0Nonebase_2027q1_company_fcf
/operating_model/cells/base_fy2027_company_fcf:base/formula/refs/1Nonebase_2027q2_company_fcf
/operating_model/cells/base_fy2027_company_fcf:base/formula/refs/2Nonebase_2027q3_company_fcf
/operating_model/cells/base_fy2027_company_fcf:base/formula/refs/3Nonebase_2027q4_company_fcf
/operating_model/cells/base_fy2027_company_fcf:base/idNonebase_fy2027_company_fcf
/operating_model/cells/base_fy2027_company_fcf:base/kindNonederived
/operating_model/cells/base_fy2027_company_fcf:base/labelNoneCFO less PP&E/intangibles/software ($M)
/operating_model/cells/base_fy2027_company_fcf:base/periodNoneFY2027
/operating_model/cells/base_fy2027_company_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_company_fcf:base/valueNone197.48899555000003
/operating_model/cells/base_fy2027_fcf:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_fcf:base/caseNonebase
/operating_model/cells/base_fy2027_fcf:base/formula/opNonesum
/operating_model/cells/base_fy2027_fcf:base/formula/refs/0Nonebase_2027q1_fcf
/operating_model/cells/base_fy2027_fcf:base/formula/refs/1Nonebase_2027q2_fcf
/operating_model/cells/base_fy2027_fcf:base/formula/refs/2Nonebase_2027q3_fcf
/operating_model/cells/base_fy2027_fcf:base/formula/refs/3Nonebase_2027q4_fcf
/operating_model/cells/base_fy2027_fcf:base/idNonebase_fy2027_fcf
/operating_model/cells/base_fy2027_fcf:base/kindNonederived
/operating_model/cells/base_fy2027_fcf:base/labelNoneCFO less PP&E/intangibles ($M)
/operating_model/cells/base_fy2027_fcf:base/periodNoneFY2027
/operating_model/cells/base_fy2027_fcf:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_fcf:base/valueNone232.48899555000003
/operating_model/cells/base_fy2027_funding_cash:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_funding_cash:base/caseNonebase
/operating_model/cells/base_fy2027_funding_cash:base/formula/opNonesum
/operating_model/cells/base_fy2027_funding_cash:base/formula/refs/0Nonebase_2027q1_funding_cash
/operating_model/cells/base_fy2027_funding_cash:base/formula/refs/1Nonebase_2027q2_funding_cash
/operating_model/cells/base_fy2027_funding_cash:base/formula/refs/2Nonebase_2027q3_funding_cash
/operating_model/cells/base_fy2027_funding_cash:base/formula/refs/3Nonebase_2027q4_funding_cash
/operating_model/cells/base_fy2027_funding_cash:base/idNonebase_fy2027_funding_cash
/operating_model/cells/base_fy2027_funding_cash:base/kindNonederived
/operating_model/cells/base_fy2027_funding_cash:base/labelNoneCash after acquisition/award funding stress ($M)
/operating_model/cells/base_fy2027_funding_cash:base/periodNoneFY2027
/operating_model/cells/base_fy2027_funding_cash:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_funding_cash:base/valueNone-440.44433778333337
/operating_model/cells/base_fy2027_gross_profit:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_gross_profit:base/caseNonebase
/operating_model/cells/base_fy2027_gross_profit:base/formula/opNonesum
/operating_model/cells/base_fy2027_gross_profit:base/formula/refs/0Nonebase_2027q1_gross_profit
/operating_model/cells/base_fy2027_gross_profit:base/formula/refs/1Nonebase_2027q2_gross_profit
/operating_model/cells/base_fy2027_gross_profit:base/formula/refs/2Nonebase_2027q3_gross_profit
/operating_model/cells/base_fy2027_gross_profit:base/formula/refs/3Nonebase_2027q4_gross_profit
/operating_model/cells/base_fy2027_gross_profit:base/idNonebase_fy2027_gross_profit
/operating_model/cells/base_fy2027_gross_profit:base/kindNonederived
/operating_model/cells/base_fy2027_gross_profit:base/labelNoneGAAP gross profit proxy ($M)
/operating_model/cells/base_fy2027_gross_profit:base/periodNoneFY2027
/operating_model/cells/base_fy2027_gross_profit:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_gross_profit:base/valueNone2505.1153195
/operating_model/cells/base_fy2027_international:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_international:base/caseNonebase
/operating_model/cells/base_fy2027_international:base/formula/opNonesum
/operating_model/cells/base_fy2027_international:base/formula/refs/0Nonebase_2027q1_international
/operating_model/cells/base_fy2027_international:base/formula/refs/1Nonebase_2027q2_international
/operating_model/cells/base_fy2027_international:base/formula/refs/2Nonebase_2027q3_international
/operating_model/cells/base_fy2027_international:base/formula/refs/3Nonebase_2027q4_international
/operating_model/cells/base_fy2027_international:base/idNonebase_fy2027_international
/operating_model/cells/base_fy2027_international:base/kindNonederived
/operating_model/cells/base_fy2027_international:base/labelNoneRest-of-world revenue ($M)
/operating_model/cells/base_fy2027_international:base/periodNoneFY2027
/operating_model/cells/base_fy2027_international:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_international:base/valueNone868.4023500000001
/operating_model/cells/base_fy2027_operating_income:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_operating_income:base/caseNonebase
/operating_model/cells/base_fy2027_operating_income:base/formula/opNonesum
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/0Nonebase_2027q1_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/1Nonebase_2027q2_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/2Nonebase_2027q3_operating_income
/operating_model/cells/base_fy2027_operating_income:base/formula/refs/3Nonebase_2027q4_operating_income
/operating_model/cells/base_fy2027_operating_income:base/idNonebase_fy2027_operating_income
/operating_model/cells/base_fy2027_operating_income:base/kindNonederived
/operating_model/cells/base_fy2027_operating_income:base/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/base_fy2027_operating_income:base/periodNoneFY2027
/operating_model/cells/base_fy2027_operating_income:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_operating_income:base/valueNone59.48899555000003
/operating_model/cells/base_fy2027_revenue:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_revenue:base/caseNonebase
/operating_model/cells/base_fy2027_revenue:base/formula/opNonesum
/operating_model/cells/base_fy2027_revenue:base/formula/refs/0Nonebase_2027q1_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/1Nonebase_2027q2_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/2Nonebase_2027q3_revenue
/operating_model/cells/base_fy2027_revenue:base/formula/refs/3Nonebase_2027q4_revenue
/operating_model/cells/base_fy2027_revenue:base/idNonebase_fy2027_revenue
/operating_model/cells/base_fy2027_revenue:base/kindNonederived
/operating_model/cells/base_fy2027_revenue:base/labelNoneConsolidated revenue ($M)
/operating_model/cells/base_fy2027_revenue:base/periodNoneFY2027
/operating_model/cells/base_fy2027_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_revenue:base/valueNone3987.6239299999997
/operating_model/cells/base_fy2027_software:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_software:base/caseNonebase
/operating_model/cells/base_fy2027_software:base/formula/opNonesum
/operating_model/cells/base_fy2027_software:base/formula/refs/0Nonebase_2027q1_software
/operating_model/cells/base_fy2027_software:base/formula/refs/1Nonebase_2027q2_software
/operating_model/cells/base_fy2027_software:base/formula/refs/2Nonebase_2027q3_software
/operating_model/cells/base_fy2027_software:base/formula/refs/3Nonebase_2027q4_software
/operating_model/cells/base_fy2027_software:base/idNonebase_fy2027_software
/operating_model/cells/base_fy2027_software:base/kindNonederived
/operating_model/cells/base_fy2027_software:base/labelNoneCapitalized software cash ($M)
/operating_model/cells/base_fy2027_software:base/periodNoneFY2027
/operating_model/cells/base_fy2027_software:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_software:base/valueNone35.0
/operating_model/cells/base_fy2027_us:base/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/base_fy2027_us:base/caseNonebase
/operating_model/cells/base_fy2027_us:base/formula/opNonesum
/operating_model/cells/base_fy2027_us:base/formula/refs/0Nonebase_2027q1_us
/operating_model/cells/base_fy2027_us:base/formula/refs/1Nonebase_2027q2_us
/operating_model/cells/base_fy2027_us:base/formula/refs/2Nonebase_2027q3_us
/operating_model/cells/base_fy2027_us:base/formula/refs/3Nonebase_2027q4_us
/operating_model/cells/base_fy2027_us:base/idNonebase_fy2027_us
/operating_model/cells/base_fy2027_us:base/kindNonederived
/operating_model/cells/base_fy2027_us:base/labelNoneUS revenue ($M)
/operating_model/cells/base_fy2027_us:base/periodNoneFY2027
/operating_model/cells/base_fy2027_us:base/unitNoneUSD_millions
/operating_model/cells/base_fy2027_us:base/valueNone3119.2215799999994
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/basisNoneGuidance midpoint times explicit scenario sensitivity.
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/caseNonebase
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/formula/opNonemultiply
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/formula/refs/0Nonefy26_adjusted_guide
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/formula/refs/1Nonebase_adjfactor
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/idNonebase_fy26_adjusted_ebitda_target
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/kindNonederived
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/labelNoneFY2026 adjusted_ebitda
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/periodNoneFY2026
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/unitNoneUSD_millions
/operating_model/cells/base_fy26_adjusted_ebitda_target:base/valueNone300.0
/operating_model/cells/base_fy26_international:base/basisNoneIncludes June Eucalyptus acquisition; not an organic-growth measure.
/operating_model/cells/base_fy26_international:base/caseNonebase
/operating_model/cells/base_fy26_international:base/formula/opNonesubtract
/operating_model/cells/base_fy26_international:base/formula/refs/0Nonebase_fy26_revenue_target
/operating_model/cells/base_fy26_international:base/formula/refs/1Nonebase_fy26_us
/operating_model/cells/base_fy26_international:base/idNonebase_fy26_international
/operating_model/cells/base_fy26_international:base/kindNonederived
/operating_model/cells/base_fy26_international:base/labelNoneFY2026 rest-of-world revenue
/operating_model/cells/base_fy26_international:base/periodNoneFY2026
/operating_model/cells/base_fy26_international:base/unitNoneUSD_millions
/operating_model/cells/base_fy26_international:base/valueNone643.261
/operating_model/cells/base_fy26_revenue_target:base/basisNoneGuidance midpoint times explicit scenario sensitivity.
/operating_model/cells/base_fy26_revenue_target:base/caseNonebase
/operating_model/cells/base_fy26_revenue_target:base/formula/opNonemultiply
/operating_model/cells/base_fy26_revenue_target:base/formula/refs/0Nonefy26_revenue_guide
/operating_model/cells/base_fy26_revenue_target:base/formula/refs/1Nonebase_delivery
/operating_model/cells/base_fy26_revenue_target:base/idNonebase_fy26_revenue_target
/operating_model/cells/base_fy26_revenue_target:base/kindNonederived
/operating_model/cells/base_fy26_revenue_target:base/labelNoneFY2026 revenue
/operating_model/cells/base_fy26_revenue_target:base/periodNoneFY2026
/operating_model/cells/base_fy26_revenue_target:base/unitNoneUSD_millions
/operating_model/cells/base_fy26_revenue_target:base/valueNone3200.0
/operating_model/cells/base_fy26_us:base/basisNoneActual plus forecast US sales.
/operating_model/cells/base_fy26_us:base/caseNonebase
/operating_model/cells/base_fy26_us:base/formula/opNonesum
/operating_model/cells/base_fy26_us:base/formula/refs/0Noneh1_us
/operating_model/cells/base_fy26_us:base/formula/refs/1Nonebase_h2_us
/operating_model/cells/base_fy26_us:base/idNonebase_fy26_us
/operating_model/cells/base_fy26_us:base/kindNonederived
/operating_model/cells/base_fy26_us:base/labelNoneFY2026 US revenue
/operating_model/cells/base_fy26_us:base/periodNoneFY2026
/operating_model/cells/base_fy26_us:base/unitNoneUSD_millions
/operating_model/cells/base_fy26_us:base/valueNone2556.739
/operating_model/cells/base_fy27_international:base/basisNoneNo second Eucalyptus revenue added after geographic growth.
/operating_model/cells/base_fy27_international:base/caseNonebase
/operating_model/cells/base_fy27_international:base/formula/opNonemultiply
/operating_model/cells/base_fy27_international:base/formula/refs/0Nonebase_fy26_international
/operating_model/cells/base_fy27_international:base/formula/refs/1Nonebase_international_growth
/operating_model/cells/base_fy27_international:base/idNonebase_fy27_international
/operating_model/cells/base_fy27_international:base/kindNonederived
/operating_model/cells/base_fy27_international:base/labelNoneFY2027 international revenue
/operating_model/cells/base_fy27_international:base/periodNoneFY2027
/operating_model/cells/base_fy27_international:base/unitNoneUSD_millions
/operating_model/cells/base_fy27_international:base/valueNone868.4023500000001
/operating_model/cells/base_fy27_us:base/basisNoneNo second Eucalyptus revenue added after geographic growth.
/operating_model/cells/base_fy27_us:base/caseNonebase
/operating_model/cells/base_fy27_us:base/formula/opNonemultiply
/operating_model/cells/base_fy27_us:base/formula/refs/0Nonebase_fy26_us
/operating_model/cells/base_fy27_us:base/formula/refs/1Nonebase_us_growth
/operating_model/cells/base_fy27_us:base/idNonebase_fy27_us
/operating_model/cells/base_fy27_us:base/kindNonederived
/operating_model/cells/base_fy27_us:base/labelNoneFY2027 us revenue
/operating_model/cells/base_fy27_us:base/periodNoneFY2027
/operating_model/cells/base_fy27_us:base/unitNoneUSD_millions
/operating_model/cells/base_fy27_us:base/valueNone3119.22158
/operating_model/cells/base_h2_adjusted_ebitda:base/basisNoneFull year less H1 actual.
/operating_model/cells/base_h2_adjusted_ebitda:base/caseNonebase
/operating_model/cells/base_h2_adjusted_ebitda:base/formula/opNonesubtract
/operating_model/cells/base_h2_adjusted_ebitda:base/formula/refs/0Nonebase_fy26_adjusted_ebitda_target
/operating_model/cells/base_h2_adjusted_ebitda:base/formula/refs/1Noneh1_adjusted_ebitda
/operating_model/cells/base_h2_adjusted_ebitda:base/idNonebase_h2_adjusted_ebitda
/operating_model/cells/base_h2_adjusted_ebitda:base/kindNonederived
/operating_model/cells/base_h2_adjusted_ebitda:base/labelNoneH2 adjusted_ebitda
/operating_model/cells/base_h2_adjusted_ebitda:base/periodNoneH2 2026
/operating_model/cells/base_h2_adjusted_ebitda:base/unitNoneUSD_millions
/operating_model/cells/base_h2_adjusted_ebitda:base/valueNone195.397
/operating_model/cells/base_h2_revenue:base/basisNoneFull year less H1 actual.
/operating_model/cells/base_h2_revenue:base/caseNonebase
/operating_model/cells/base_h2_revenue:base/formula/opNonesubtract
/operating_model/cells/base_h2_revenue:base/formula/refs/0Nonebase_fy26_revenue_target
/operating_model/cells/base_h2_revenue:base/formula/refs/1Noneh1_revenue
/operating_model/cells/base_h2_revenue:base/idNonebase_h2_revenue
/operating_model/cells/base_h2_revenue:base/kindNonederived
/operating_model/cells/base_h2_revenue:base/labelNoneH2 revenue
/operating_model/cells/base_h2_revenue:base/periodNoneH2 2026
/operating_model/cells/base_h2_revenue:base/unitNoneUSD_millions
/operating_model/cells/base_h2_revenue:base/valueNone1838.682
/operating_model/cells/base_h2_us:base/basisNoneDesk geographic allocation; consolidated guidance does not specify these quarterly US values.
/operating_model/cells/base_h2_us:base/caseNonebase
/operating_model/cells/base_h2_us:base/idNonebase_h2_us
/operating_model/cells/base_h2_us:base/kindNoneassumption
/operating_model/cells/base_h2_us:base/labelNoneH2 US revenue
/operating_model/cells/base_h2_us:base/periodNoneH2 2026
/operating_model/cells/base_h2_us:base/unitNoneUSD_millions
/operating_model/cells/base_h2_us:base/valueNone1405.0
/operating_model/cells/base_international_growth:base/basisNoneDesk annual growth including existing acquired perimeter.
/operating_model/cells/base_international_growth:base/caseNonebase
/operating_model/cells/base_international_growth:base/idNonebase_international_growth
/operating_model/cells/base_international_growth:base/kindNoneassumption
/operating_model/cells/base_international_growth:base/labelNoneFY2027 international growth multiplier
/operating_model/cells/base_international_growth:base/periodNoneFY2027
/operating_model/cells/base_international_growth:base/unitNoneratio
/operating_model/cells/base_international_growth:base/valueNone1.35
/operating_model/cells/base_us_growth:base/basisNoneDesk annual growth including existing acquired perimeter.
/operating_model/cells/base_us_growth:base/caseNonebase
/operating_model/cells/base_us_growth:base/idNonebase_us_growth
/operating_model/cells/base_us_growth:base/kindNoneassumption
/operating_model/cells/base_us_growth:base/labelNoneFY2027 us growth multiplier
/operating_model/cells/base_us_growth:base/periodNoneFY2027
/operating_model/cells/base_us_growth:base/unitNoneratio
/operating_model/cells/base_us_growth:base/valueNone1.22
/operating_model/cells/cash:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/cash:shared/caseNoneshared
/operating_model/cells/cash:shared/idNonecash
/operating_model/cells/cash:shared/kindNonereported
/operating_model/cells/cash:shared/labelNonecash
/operating_model/cells/cash:shared/periodNoneJune 2026
/operating_model/cells/cash:shared/source_dateNone2026-08-10
/operating_model/cells/cash:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/cash:shared/unitNoneUSD_millions
/operating_model/cells/cash:shared/valueNone609.811
/operating_model/cells/cash_installment_stress:shared/basisNoneAll-cash, equal six-quarter sensitivity; actual cash/share election and FX can differ.
/operating_model/cells/cash_installment_stress:shared/caseNoneshared
/operating_model/cells/cash_installment_stress:shared/formula/opNonedivide
/operating_model/cells/cash_installment_stress:shared/formula/refs/0Noneeucalyptus_deferred
/operating_model/cells/cash_installment_stress:shared/formula/refs/1Nonesix
/operating_model/cells/cash_installment_stress:shared/idNonecash_installment_stress
/operating_model/cells/cash_installment_stress:shared/kindNonederived
/operating_model/cells/cash_installment_stress:shared/labelNoneQuarterly all-cash deferred-payment stress
/operating_model/cells/cash_installment_stress:shared/periodNone2026-2027
/operating_model/cells/cash_installment_stress:shared/unitNoneUSD_millions
/operating_model/cells/cash_installment_stress:shared/valueNone113.98333333333333
/operating_model/cells/debt_carrying:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/debt_carrying:shared/caseNoneshared
/operating_model/cells/debt_carrying:shared/idNonedebt_carrying
/operating_model/cells/debt_carrying:shared/kindNonereported
/operating_model/cells/debt_carrying:shared/labelNonedebt carrying
/operating_model/cells/debt_carrying:shared/periodNoneJune 2026
/operating_model/cells/debt_carrying:shared/source_dateNone2026-08-10
/operating_model/cells/debt_carrying:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/debt_carrying:shared/unitNoneUSD_millions
/operating_model/cells/debt_carrying:shared/valueNone1365.299
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/basisNoneScenario Q3 adjusted profit.
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/formula/refs/0Noneq3_adjusted_guide
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/formula/refs/1Nonedownside_adjfactor
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/idNonedownside_2026q3_adjusted_ebitda
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/kindNonederived
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/labelNoneAdjusted EBITDA
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_adjusted_ebitda:downside/valueNone69.7
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/caseNonedownside
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/formula/refs/0Nonedownside_2026q3_sbc
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/formula/refs/1Nonedownside_2026q3_da
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/formula/refs/2Nonedownside_2026q3_sbc_payroll
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/formula/refs/3Nonedownside_2026q3_integration
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/idNonedownside_2026q3_adjusted_exclusions
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/kindNonederived
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_adjusted_exclusions:downside/valueNone99.5
/operating_model/cells/downside_2026q3_capex:downside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/downside_2026q3_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q3_capex:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_capex:downside/formula/refs/0Nonedownside_2026q3_ordinary_capex
/operating_model/cells/downside_2026q3_capex:downside/formula/refs/1Nonedownside_2026q3_peptide_cash
/operating_model/cells/downside_2026q3_capex:downside/idNonedownside_2026q3_capex
/operating_model/cells/downside_2026q3_capex:downside/kindNonederived
/operating_model/cells/downside_2026q3_capex:downside/labelNonePP&E and intangible cash purchases
/operating_model/cells/downside_2026q3_capex:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_capex:downside/valueNone37.0
/operating_model/cells/downside_2026q3_cash_before_uses:downside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/downside_2026q3_cash_before_uses:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_before_uses:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_cash_before_uses:downside/formula/refs/0Nonedownside_2026q3_operating_income
/operating_model/cells/downside_2026q3_cash_before_uses:downside/formula/refs/1Nonedownside_2026q3_sbc
/operating_model/cells/downside_2026q3_cash_before_uses:downside/formula/refs/2Nonedownside_2026q3_da
/operating_model/cells/downside_2026q3_cash_before_uses:downside/formula/refs/3Nonedownside_2026q3_net_cash_interest
/operating_model/cells/downside_2026q3_cash_before_uses:downside/idNonedownside_2026q3_cash_before_uses
/operating_model/cells/downside_2026q3_cash_before_uses:downside/kindNonederived
/operating_model/cells/downside_2026q3_cash_before_uses:downside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/downside_2026q3_cash_before_uses:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_before_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cash_before_uses:downside/valueNone60.2
/operating_model/cells/downside_2026q3_cash_election:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_cash_election:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_election:downside/idNonedownside_2026q3_cash_election
/operating_model/cells/downside_2026q3_cash_election:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_cash_election:downside/labelNoneAssumed cash election in stress
/operating_model/cells/downside_2026q3_cash_election:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_election:downside/unitNoneratio
/operating_model/cells/downside_2026q3_cash_election:downside/valueNone1.0
/operating_model/cells/downside_2026q3_cash_tax:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_tax:downside/idNonedownside_2026q3_cash_tax
/operating_model/cells/downside_2026q3_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2026q3_cash_tax:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cash_tax:downside/valueNone5.0
/operating_model/cells/downside_2026q3_cash_uses:downside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/downside_2026q3_cash_uses:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cash_uses:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_cash_uses:downside/formula/refs/0Nonedownside_2026q3_legal_payment
/operating_model/cells/downside_2026q3_cash_uses:downside/formula/refs/1Nonedownside_2026q3_net_rebate_payable_use
/operating_model/cells/downside_2026q3_cash_uses:downside/formula/refs/2Nonedownside_2026q3_cash_tax
/operating_model/cells/downside_2026q3_cash_uses:downside/idNonedownside_2026q3_cash_uses
/operating_model/cells/downside_2026q3_cash_uses:downside/kindNonederived
/operating_model/cells/downside_2026q3_cash_uses:downside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/downside_2026q3_cash_uses:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cash_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cash_uses:downside/valueNone127.5
/operating_model/cells/downside_2026q3_cfo:downside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/downside_2026q3_cfo:downside/caseNonedownside
/operating_model/cells/downside_2026q3_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_cfo:downside/formula/refs/0Nonedownside_2026q3_cash_before_uses
/operating_model/cells/downside_2026q3_cfo:downside/formula/refs/1Nonedownside_2026q3_cash_uses
/operating_model/cells/downside_2026q3_cfo:downside/idNonedownside_2026q3_cfo
/operating_model/cells/downside_2026q3_cfo:downside/kindNonederived
/operating_model/cells/downside_2026q3_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2026q3_cfo:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_cfo:downside/valueNone-67.3
/operating_model/cells/downside_2026q3_company_fcf:downside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/downside_2026q3_company_fcf:downside/caseNonedownside
/operating_model/cells/downside_2026q3_company_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_company_fcf:downside/formula/refs/0Nonedownside_2026q3_fcf
/operating_model/cells/downside_2026q3_company_fcf:downside/formula/refs/1Nonedownside_2026q3_software
/operating_model/cells/downside_2026q3_company_fcf:downside/idNonedownside_2026q3_company_fcf
/operating_model/cells/downside_2026q3_company_fcf:downside/kindNonederived
/operating_model/cells/downside_2026q3_company_fcf:downside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/downside_2026q3_company_fcf:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_company_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_company_fcf:downside/valueNone-111.3
/operating_model/cells/downside_2026q3_da:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_da:downside/caseNonedownside
/operating_model/cells/downside_2026q3_da:downside/idNonedownside_2026q3_da
/operating_model/cells/downside_2026q3_da:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_da:downside/labelNoneDepreciation and amortization
/operating_model/cells/downside_2026q3_da:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_da:downside/valueNone40.0
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/caseNonedownside
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/formula/refs/1Nonedownside_2026q3_cash_election
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/idNonedownside_2026q3_deferred_cash_stress
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/kindNonederived
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_deferred_cash_stress:downside/valueNone113.98333333333333
/operating_model/cells/downside_2026q3_fcf:downside/basisNoneGeneric historical cash definition.
/operating_model/cells/downside_2026q3_fcf:downside/caseNonedownside
/operating_model/cells/downside_2026q3_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_fcf:downside/formula/refs/0Nonedownside_2026q3_cfo
/operating_model/cells/downside_2026q3_fcf:downside/formula/refs/1Nonedownside_2026q3_capex
/operating_model/cells/downside_2026q3_fcf:downside/idNonedownside_2026q3_fcf
/operating_model/cells/downside_2026q3_fcf:downside/kindNonederived
/operating_model/cells/downside_2026q3_fcf:downside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/downside_2026q3_fcf:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_fcf:downside/valueNone-104.3
/operating_model/cells/downside_2026q3_funding_cash:downside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/downside_2026q3_funding_cash:downside/caseNonedownside
/operating_model/cells/downside_2026q3_funding_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_funding_cash:downside/formula/refs/0Nonedownside_2026q3_company_fcf
/operating_model/cells/downside_2026q3_funding_cash:downside/formula/refs/1Nonedownside_2026q3_funding_uses
/operating_model/cells/downside_2026q3_funding_cash:downside/idNonedownside_2026q3_funding_cash
/operating_model/cells/downside_2026q3_funding_cash:downside/kindNonederived
/operating_model/cells/downside_2026q3_funding_cash:downside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/downside_2026q3_funding_cash:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_funding_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_funding_cash:downside/valueNone-260.28333333333336
/operating_model/cells/downside_2026q3_funding_uses:downside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/downside_2026q3_funding_uses:downside/caseNonedownside
/operating_model/cells/downside_2026q3_funding_uses:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_funding_uses:downside/formula/refs/0Nonedownside_2026q3_deferred_cash_stress
/operating_model/cells/downside_2026q3_funding_uses:downside/formula/refs/1Nonedownside_2026q3_withholding
/operating_model/cells/downside_2026q3_funding_uses:downside/idNonedownside_2026q3_funding_uses
/operating_model/cells/downside_2026q3_funding_uses:downside/kindNonederived
/operating_model/cells/downside_2026q3_funding_uses:downside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/downside_2026q3_funding_uses:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_funding_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_funding_uses:downside/valueNone148.98333333333335
/operating_model/cells/downside_2026q3_gross_profit:downside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/downside_2026q3_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2026q3_gross_profit:downside/formula/opNonesum
/operating_model/cells/downside_2026q3_gross_profit:downside/formula/refs/0Nonedownside_2026q3_us_gross
/operating_model/cells/downside_2026q3_gross_profit:downside/formula/refs/1Nonedownside_2026q3_international_gross
/operating_model/cells/downside_2026q3_gross_profit:downside/idNonedownside_2026q3_gross_profit
/operating_model/cells/downside_2026q3_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2026q3_gross_profit:downside/labelNoneGAAP gross profit proxy
/operating_model/cells/downside_2026q3_gross_profit:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_gross_profit:downside/valueNone496.205
/operating_model/cells/downside_2026q3_integration:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_integration:downside/caseNonedownside
/operating_model/cells/downside_2026q3_integration:downside/idNonedownside_2026q3_integration
/operating_model/cells/downside_2026q3_integration:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_integration:downside/labelNoneCash transaction and integration expense
/operating_model/cells/downside_2026q3_integration:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_integration:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_integration:downside/valueNone10.0
/operating_model/cells/downside_2026q3_international:downside/basisNoneGeographic residual includes acquired businesses.
/operating_model/cells/downside_2026q3_international:downside/caseNonedownside
/operating_model/cells/downside_2026q3_international:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_international:downside/formula/refs/0Nonedownside_2026q3_revenue
/operating_model/cells/downside_2026q3_international:downside/formula/refs/1Nonedownside_2026q3_us
/operating_model/cells/downside_2026q3_international:downside/idNonedownside_2026q3_international
/operating_model/cells/downside_2026q3_international:downside/kindNonederived
/operating_model/cells/downside_2026q3_international:downside/labelNoneRest-of-world revenue
/operating_model/cells/downside_2026q3_international:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_international:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_international:downside/valueNone195.5
/operating_model/cells/downside_2026q3_international_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2026q3_international_gross:downside/caseNonedownside
/operating_model/cells/downside_2026q3_international_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q3_international_gross:downside/formula/refs/0Nonedownside_2026q3_international
/operating_model/cells/downside_2026q3_international_gross:downside/formula/refs/1Nonedownside_2026q3_international_gross_margin
/operating_model/cells/downside_2026q3_international_gross:downside/idNonedownside_2026q3_international_gross
/operating_model/cells/downside_2026q3_international_gross:downside/kindNonederived
/operating_model/cells/downside_2026q3_international_gross:downside/labelNoneGAAP gross profit: international
/operating_model/cells/downside_2026q3_international_gross:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_international_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_international_gross:downside/valueNone99.705
/operating_model/cells/downside_2026q3_international_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_international_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2026q3_international_gross_margin:downside/idNonedownside_2026q3_international_gross_margin
/operating_model/cells/downside_2026q3_international_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_international_gross_margin:downside/labelNoneGAAP gross margin: international
/operating_model/cells/downside_2026q3_international_gross_margin:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_international_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2026q3_international_gross_margin:downside/valueNone0.51
/operating_model/cells/downside_2026q3_legal_payment:downside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/downside_2026q3_legal_payment:downside/caseNonedownside
/operating_model/cells/downside_2026q3_legal_payment:downside/idNonedownside_2026q3_legal_payment
/operating_model/cells/downside_2026q3_legal_payment:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_legal_payment:downside/labelNonePayment of existing June legal reserve
/operating_model/cells/downside_2026q3_legal_payment:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_legal_payment:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_legal_payment:downside/valueNone62.5
/operating_model/cells/downside_2026q3_net_cash_interest:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_net_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2026q3_net_cash_interest:downside/idNonedownside_2026q3_net_cash_interest
/operating_model/cells/downside_2026q3_net_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_net_cash_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2026q3_net_cash_interest:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_net_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_net_cash_interest:downside/valueNone3.0
/operating_model/cells/downside_2026q3_net_rebate_payable_use:downside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/downside_2026q3_net_rebate_payable_use:downside/caseNonedownside
/operating_model/cells/downside_2026q3_net_rebate_payable_use:downside/idNonedownside_2026q3_net_rebate_payable_use
/operating_model/cells/downside_2026q3_net_rebate_payable_use:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_net_rebate_payable_use:downside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/downside_2026q3_net_rebate_payable_use:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_net_rebate_payable_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_net_rebate_payable_use:downside/valueNone60.0
/operating_model/cells/downside_2026q3_operating_income:downside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/downside_2026q3_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2026q3_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q3_operating_income:downside/formula/refs/0Nonedownside_2026q3_adjusted_ebitda
/operating_model/cells/downside_2026q3_operating_income:downside/formula/refs/1Nonedownside_2026q3_adjusted_exclusions
/operating_model/cells/downside_2026q3_operating_income:downside/idNonedownside_2026q3_operating_income
/operating_model/cells/downside_2026q3_operating_income:downside/kindNonederived
/operating_model/cells/downside_2026q3_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2026q3_operating_income:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_operating_income:downside/valueNone-29.799999999999997
/operating_model/cells/downside_2026q3_ordinary_capex:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_ordinary_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q3_ordinary_capex:downside/idNonedownside_2026q3_ordinary_capex
/operating_model/cells/downside_2026q3_ordinary_capex:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_ordinary_capex:downside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/downside_2026q3_ordinary_capex:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_ordinary_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_ordinary_capex:downside/valueNone32.0
/operating_model/cells/downside_2026q3_peptide_cash:downside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/downside_2026q3_peptide_cash:downside/caseNonedownside
/operating_model/cells/downside_2026q3_peptide_cash:downside/idNonedownside_2026q3_peptide_cash
/operating_model/cells/downside_2026q3_peptide_cash:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_peptide_cash:downside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/downside_2026q3_peptide_cash:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_peptide_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_peptide_cash:downside/valueNone5.0
/operating_model/cells/downside_2026q3_revenue:downside/basisNoneScenario Q3 sales.
/operating_model/cells/downside_2026q3_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q3_revenue:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q3_revenue:downside/formula/refs/0Noneq3_revenue_guide
/operating_model/cells/downside_2026q3_revenue:downside/formula/refs/1Nonedownside_delivery
/operating_model/cells/downside_2026q3_revenue:downside/idNonedownside_2026q3_revenue
/operating_model/cells/downside_2026q3_revenue:downside/kindNonederived
/operating_model/cells/downside_2026q3_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2026q3_revenue:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_revenue:downside/valueNone845.5
/operating_model/cells/downside_2026q3_sbc:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_sbc:downside/caseNonedownside
/operating_model/cells/downside_2026q3_sbc:downside/idNonedownside_2026q3_sbc
/operating_model/cells/downside_2026q3_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_sbc:downside/labelNoneTotal equity compensation expense
/operating_model/cells/downside_2026q3_sbc:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_sbc:downside/valueNone47.0
/operating_model/cells/downside_2026q3_sbc_payroll:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_sbc_payroll:downside/caseNonedownside
/operating_model/cells/downside_2026q3_sbc_payroll:downside/idNonedownside_2026q3_sbc_payroll
/operating_model/cells/downside_2026q3_sbc_payroll:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_sbc_payroll:downside/labelNoneCash employer payroll tax on equity
/operating_model/cells/downside_2026q3_sbc_payroll:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_sbc_payroll:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_sbc_payroll:downside/valueNone2.5
/operating_model/cells/downside_2026q3_software:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_software:downside/caseNonedownside
/operating_model/cells/downside_2026q3_software:downside/idNonedownside_2026q3_software
/operating_model/cells/downside_2026q3_software:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_software:downside/labelNoneCapitalized software cash
/operating_model/cells/downside_2026q3_software:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_software:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_software:downside/valueNone7.0
/operating_model/cells/downside_2026q3_us:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_us:downside/caseNonedownside
/operating_model/cells/downside_2026q3_us:downside/idNonedownside_2026q3_us
/operating_model/cells/downside_2026q3_us:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_us:downside/labelNoneUS revenue
/operating_model/cells/downside_2026q3_us:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_us:downside/valueNone650.0
/operating_model/cells/downside_2026q3_us_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2026q3_us_gross:downside/caseNonedownside
/operating_model/cells/downside_2026q3_us_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q3_us_gross:downside/formula/refs/0Nonedownside_2026q3_us
/operating_model/cells/downside_2026q3_us_gross:downside/formula/refs/1Nonedownside_2026q3_us_gross_margin
/operating_model/cells/downside_2026q3_us_gross:downside/idNonedownside_2026q3_us_gross
/operating_model/cells/downside_2026q3_us_gross:downside/kindNonederived
/operating_model/cells/downside_2026q3_us_gross:downside/labelNoneGAAP gross profit: us
/operating_model/cells/downside_2026q3_us_gross:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_us_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_us_gross:downside/valueNone396.5
/operating_model/cells/downside_2026q3_us_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_us_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2026q3_us_gross_margin:downside/idNonedownside_2026q3_us_gross_margin
/operating_model/cells/downside_2026q3_us_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_us_gross_margin:downside/labelNoneGAAP gross margin: us
/operating_model/cells/downside_2026q3_us_gross_margin:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_us_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2026q3_us_gross_margin:downside/valueNone0.61
/operating_model/cells/downside_2026q3_withholding:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q3_withholding:downside/caseNonedownside
/operating_model/cells/downside_2026q3_withholding:downside/idNonedownside_2026q3_withholding
/operating_model/cells/downside_2026q3_withholding:downside/kindNoneassumption
/operating_model/cells/downside_2026q3_withholding:downside/labelNoneAward tax withholding cash
/operating_model/cells/downside_2026q3_withholding:downside/periodNone2026Q3
/operating_model/cells/downside_2026q3_withholding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q3_withholding:downside/valueNone35.0
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/basisNoneRemaining annual adjusted EBITDA.
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/formula/refs/0Nonedownside_h2_adjusted_ebitda
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/formula/refs/1Nonedownside_2026q3_adjusted_ebitda
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/idNonedownside_2026q4_adjusted_ebitda
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/kindNonederived
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/labelNoneAdjusted EBITDA
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_adjusted_ebitda:downside/valueNone71.69699999999999
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/caseNonedownside
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/formula/refs/0Nonedownside_2026q4_sbc
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/formula/refs/1Nonedownside_2026q4_da
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/formula/refs/2Nonedownside_2026q4_sbc_payroll
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/formula/refs/3Nonedownside_2026q4_integration
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/idNonedownside_2026q4_adjusted_exclusions
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/kindNonederived
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_adjusted_exclusions:downside/valueNone100.5
/operating_model/cells/downside_2026q4_capex:downside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/downside_2026q4_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q4_capex:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_capex:downside/formula/refs/0Nonedownside_2026q4_ordinary_capex
/operating_model/cells/downside_2026q4_capex:downside/formula/refs/1Nonedownside_2026q4_peptide_cash
/operating_model/cells/downside_2026q4_capex:downside/idNonedownside_2026q4_capex
/operating_model/cells/downside_2026q4_capex:downside/kindNonederived
/operating_model/cells/downside_2026q4_capex:downside/labelNonePP&E and intangible cash purchases
/operating_model/cells/downside_2026q4_capex:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_capex:downside/valueNone42.0
/operating_model/cells/downside_2026q4_cash_before_uses:downside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/downside_2026q4_cash_before_uses:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_before_uses:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_cash_before_uses:downside/formula/refs/0Nonedownside_2026q4_operating_income
/operating_model/cells/downside_2026q4_cash_before_uses:downside/formula/refs/1Nonedownside_2026q4_sbc
/operating_model/cells/downside_2026q4_cash_before_uses:downside/formula/refs/2Nonedownside_2026q4_da
/operating_model/cells/downside_2026q4_cash_before_uses:downside/formula/refs/3Nonedownside_2026q4_net_cash_interest
/operating_model/cells/downside_2026q4_cash_before_uses:downside/idNonedownside_2026q4_cash_before_uses
/operating_model/cells/downside_2026q4_cash_before_uses:downside/kindNonederived
/operating_model/cells/downside_2026q4_cash_before_uses:downside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/downside_2026q4_cash_before_uses:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_before_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_before_uses:downside/valueNone64.19699999999999
/operating_model/cells/downside_2026q4_cash_election:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_cash_election:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_election:downside/idNonedownside_2026q4_cash_election
/operating_model/cells/downside_2026q4_cash_election:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_cash_election:downside/labelNoneAssumed cash election in stress
/operating_model/cells/downside_2026q4_cash_election:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_election:downside/unitNoneratio
/operating_model/cells/downside_2026q4_cash_election:downside/valueNone1.0
/operating_model/cells/downside_2026q4_cash_tax:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_tax:downside/idNonedownside_2026q4_cash_tax
/operating_model/cells/downside_2026q4_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2026q4_cash_tax:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_tax:downside/valueNone5.0
/operating_model/cells/downside_2026q4_cash_uses:downside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/downside_2026q4_cash_uses:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cash_uses:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_cash_uses:downside/formula/refs/0Nonedownside_2026q4_legal_payment
/operating_model/cells/downside_2026q4_cash_uses:downside/formula/refs/1Nonedownside_2026q4_net_rebate_payable_use
/operating_model/cells/downside_2026q4_cash_uses:downside/formula/refs/2Nonedownside_2026q4_cash_tax
/operating_model/cells/downside_2026q4_cash_uses:downside/idNonedownside_2026q4_cash_uses
/operating_model/cells/downside_2026q4_cash_uses:downside/kindNonederived
/operating_model/cells/downside_2026q4_cash_uses:downside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/downside_2026q4_cash_uses:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cash_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cash_uses:downside/valueNone45.0
/operating_model/cells/downside_2026q4_cfo:downside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/downside_2026q4_cfo:downside/caseNonedownside
/operating_model/cells/downside_2026q4_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_cfo:downside/formula/refs/0Nonedownside_2026q4_cash_before_uses
/operating_model/cells/downside_2026q4_cfo:downside/formula/refs/1Nonedownside_2026q4_cash_uses
/operating_model/cells/downside_2026q4_cfo:downside/idNonedownside_2026q4_cfo
/operating_model/cells/downside_2026q4_cfo:downside/kindNonederived
/operating_model/cells/downside_2026q4_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2026q4_cfo:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_cfo:downside/valueNone19.19699999999999
/operating_model/cells/downside_2026q4_company_fcf:downside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/downside_2026q4_company_fcf:downside/caseNonedownside
/operating_model/cells/downside_2026q4_company_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_company_fcf:downside/formula/refs/0Nonedownside_2026q4_fcf
/operating_model/cells/downside_2026q4_company_fcf:downside/formula/refs/1Nonedownside_2026q4_software
/operating_model/cells/downside_2026q4_company_fcf:downside/idNonedownside_2026q4_company_fcf
/operating_model/cells/downside_2026q4_company_fcf:downside/kindNonederived
/operating_model/cells/downside_2026q4_company_fcf:downside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/downside_2026q4_company_fcf:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_company_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_company_fcf:downside/valueNone-30.30300000000001
/operating_model/cells/downside_2026q4_da:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_da:downside/caseNonedownside
/operating_model/cells/downside_2026q4_da:downside/idNonedownside_2026q4_da
/operating_model/cells/downside_2026q4_da:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_da:downside/labelNoneDepreciation and amortization
/operating_model/cells/downside_2026q4_da:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_da:downside/valueNone40.0
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/caseNonedownside
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/formula/refs/1Nonedownside_2026q4_cash_election
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/idNonedownside_2026q4_deferred_cash_stress
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/kindNonederived
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_deferred_cash_stress:downside/valueNone113.98333333333333
/operating_model/cells/downside_2026q4_fcf:downside/basisNoneGeneric historical cash definition.
/operating_model/cells/downside_2026q4_fcf:downside/caseNonedownside
/operating_model/cells/downside_2026q4_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_fcf:downside/formula/refs/0Nonedownside_2026q4_cfo
/operating_model/cells/downside_2026q4_fcf:downside/formula/refs/1Nonedownside_2026q4_capex
/operating_model/cells/downside_2026q4_fcf:downside/idNonedownside_2026q4_fcf
/operating_model/cells/downside_2026q4_fcf:downside/kindNonederived
/operating_model/cells/downside_2026q4_fcf:downside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/downside_2026q4_fcf:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_fcf:downside/valueNone-22.80300000000001
/operating_model/cells/downside_2026q4_funding_cash:downside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/downside_2026q4_funding_cash:downside/caseNonedownside
/operating_model/cells/downside_2026q4_funding_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_funding_cash:downside/formula/refs/0Nonedownside_2026q4_company_fcf
/operating_model/cells/downside_2026q4_funding_cash:downside/formula/refs/1Nonedownside_2026q4_funding_uses
/operating_model/cells/downside_2026q4_funding_cash:downside/idNonedownside_2026q4_funding_cash
/operating_model/cells/downside_2026q4_funding_cash:downside/kindNonederived
/operating_model/cells/downside_2026q4_funding_cash:downside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/downside_2026q4_funding_cash:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_funding_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_funding_cash:downside/valueNone-182.28633333333335
/operating_model/cells/downside_2026q4_funding_uses:downside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/downside_2026q4_funding_uses:downside/caseNonedownside
/operating_model/cells/downside_2026q4_funding_uses:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_funding_uses:downside/formula/refs/0Nonedownside_2026q4_deferred_cash_stress
/operating_model/cells/downside_2026q4_funding_uses:downside/formula/refs/1Nonedownside_2026q4_withholding
/operating_model/cells/downside_2026q4_funding_uses:downside/idNonedownside_2026q4_funding_uses
/operating_model/cells/downside_2026q4_funding_uses:downside/kindNonederived
/operating_model/cells/downside_2026q4_funding_uses:downside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/downside_2026q4_funding_uses:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_funding_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_funding_uses:downside/valueNone151.98333333333335
/operating_model/cells/downside_2026q4_gross_profit:downside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/downside_2026q4_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2026q4_gross_profit:downside/formula/opNonesum
/operating_model/cells/downside_2026q4_gross_profit:downside/formula/refs/0Nonedownside_2026q4_us_gross
/operating_model/cells/downside_2026q4_gross_profit:downside/formula/refs/1Nonedownside_2026q4_international_gross
/operating_model/cells/downside_2026q4_gross_profit:downside/idNonedownside_2026q4_gross_profit
/operating_model/cells/downside_2026q4_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2026q4_gross_profit:downside/labelNoneGAAP gross profit proxy
/operating_model/cells/downside_2026q4_gross_profit:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_gross_profit:downside/valueNone493.92282
/operating_model/cells/downside_2026q4_integration:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_integration:downside/caseNonedownside
/operating_model/cells/downside_2026q4_integration:downside/idNonedownside_2026q4_integration
/operating_model/cells/downside_2026q4_integration:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_integration:downside/labelNoneCash transaction and integration expense
/operating_model/cells/downside_2026q4_integration:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_integration:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_integration:downside/valueNone8.0
/operating_model/cells/downside_2026q4_international:downside/basisNoneGeographic residual includes acquired businesses.
/operating_model/cells/downside_2026q4_international:downside/caseNonedownside
/operating_model/cells/downside_2026q4_international:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_international:downside/formula/refs/0Nonedownside_2026q4_revenue
/operating_model/cells/downside_2026q4_international:downside/formula/refs/1Nonedownside_2026q4_us
/operating_model/cells/downside_2026q4_international:downside/idNonedownside_2026q4_international
/operating_model/cells/downside_2026q4_international:downside/kindNonederived
/operating_model/cells/downside_2026q4_international:downside/labelNoneRest-of-world revenue
/operating_model/cells/downside_2026q4_international:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_international:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_international:downside/valueNone143.18200000000002
/operating_model/cells/downside_2026q4_international_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2026q4_international_gross:downside/caseNonedownside
/operating_model/cells/downside_2026q4_international_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_international_gross:downside/formula/refs/0Nonedownside_2026q4_international
/operating_model/cells/downside_2026q4_international_gross:downside/formula/refs/1Nonedownside_2026q4_international_gross_margin
/operating_model/cells/downside_2026q4_international_gross:downside/idNonedownside_2026q4_international_gross
/operating_model/cells/downside_2026q4_international_gross:downside/kindNonederived
/operating_model/cells/downside_2026q4_international_gross:downside/labelNoneGAAP gross profit: international
/operating_model/cells/downside_2026q4_international_gross:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_international_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_international_gross:downside/valueNone73.02282000000001
/operating_model/cells/downside_2026q4_international_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_international_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2026q4_international_gross_margin:downside/idNonedownside_2026q4_international_gross_margin
/operating_model/cells/downside_2026q4_international_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_international_gross_margin:downside/labelNoneGAAP gross margin: international
/operating_model/cells/downside_2026q4_international_gross_margin:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_international_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2026q4_international_gross_margin:downside/valueNone0.51
/operating_model/cells/downside_2026q4_legal_payment:downside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/downside_2026q4_legal_payment:downside/caseNonedownside
/operating_model/cells/downside_2026q4_legal_payment:downside/idNonedownside_2026q4_legal_payment
/operating_model/cells/downside_2026q4_legal_payment:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_legal_payment:downside/labelNonePayment of existing June legal reserve
/operating_model/cells/downside_2026q4_legal_payment:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_legal_payment:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_legal_payment:downside/valueNone0.0
/operating_model/cells/downside_2026q4_net_cash_interest:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_net_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2026q4_net_cash_interest:downside/idNonedownside_2026q4_net_cash_interest
/operating_model/cells/downside_2026q4_net_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_net_cash_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2026q4_net_cash_interest:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_net_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_net_cash_interest:downside/valueNone3.0
/operating_model/cells/downside_2026q4_net_rebate_payable_use:downside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/downside_2026q4_net_rebate_payable_use:downside/caseNonedownside
/operating_model/cells/downside_2026q4_net_rebate_payable_use:downside/idNonedownside_2026q4_net_rebate_payable_use
/operating_model/cells/downside_2026q4_net_rebate_payable_use:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_net_rebate_payable_use:downside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/downside_2026q4_net_rebate_payable_use:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_net_rebate_payable_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_net_rebate_payable_use:downside/valueNone40.0
/operating_model/cells/downside_2026q4_operating_income:downside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/downside_2026q4_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2026q4_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_operating_income:downside/formula/refs/0Nonedownside_2026q4_adjusted_ebitda
/operating_model/cells/downside_2026q4_operating_income:downside/formula/refs/1Nonedownside_2026q4_adjusted_exclusions
/operating_model/cells/downside_2026q4_operating_income:downside/idNonedownside_2026q4_operating_income
/operating_model/cells/downside_2026q4_operating_income:downside/kindNonederived
/operating_model/cells/downside_2026q4_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2026q4_operating_income:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_operating_income:downside/valueNone-28.80300000000001
/operating_model/cells/downside_2026q4_ordinary_capex:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_ordinary_capex:downside/caseNonedownside
/operating_model/cells/downside_2026q4_ordinary_capex:downside/idNonedownside_2026q4_ordinary_capex
/operating_model/cells/downside_2026q4_ordinary_capex:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_ordinary_capex:downside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/downside_2026q4_ordinary_capex:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_ordinary_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_ordinary_capex:downside/valueNone32.0
/operating_model/cells/downside_2026q4_peptide_cash:downside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/downside_2026q4_peptide_cash:downside/caseNonedownside
/operating_model/cells/downside_2026q4_peptide_cash:downside/idNonedownside_2026q4_peptide_cash
/operating_model/cells/downside_2026q4_peptide_cash:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_peptide_cash:downside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/downside_2026q4_peptide_cash:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_peptide_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_peptide_cash:downside/valueNone10.0
/operating_model/cells/downside_2026q4_revenue:downside/basisNoneRemaining annual revenue after H1 and Q3.
/operating_model/cells/downside_2026q4_revenue:downside/caseNonedownside
/operating_model/cells/downside_2026q4_revenue:downside/formula/opNonesubtract
/operating_model/cells/downside_2026q4_revenue:downside/formula/refs/0Nonedownside_h2_revenue
/operating_model/cells/downside_2026q4_revenue:downside/formula/refs/1Nonedownside_2026q3_revenue
/operating_model/cells/downside_2026q4_revenue:downside/idNonedownside_2026q4_revenue
/operating_model/cells/downside_2026q4_revenue:downside/kindNonederived
/operating_model/cells/downside_2026q4_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2026q4_revenue:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_revenue:downside/valueNone833.182
/operating_model/cells/downside_2026q4_sbc:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_sbc:downside/caseNonedownside
/operating_model/cells/downside_2026q4_sbc:downside/idNonedownside_2026q4_sbc
/operating_model/cells/downside_2026q4_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_sbc:downside/labelNoneTotal equity compensation expense
/operating_model/cells/downside_2026q4_sbc:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_sbc:downside/valueNone50.0
/operating_model/cells/downside_2026q4_sbc_payroll:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_sbc_payroll:downside/caseNonedownside
/operating_model/cells/downside_2026q4_sbc_payroll:downside/idNonedownside_2026q4_sbc_payroll
/operating_model/cells/downside_2026q4_sbc_payroll:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_sbc_payroll:downside/labelNoneCash employer payroll tax on equity
/operating_model/cells/downside_2026q4_sbc_payroll:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_sbc_payroll:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_sbc_payroll:downside/valueNone2.5
/operating_model/cells/downside_2026q4_software:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_software:downside/caseNonedownside
/operating_model/cells/downside_2026q4_software:downside/idNonedownside_2026q4_software
/operating_model/cells/downside_2026q4_software:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_software:downside/labelNoneCapitalized software cash
/operating_model/cells/downside_2026q4_software:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_software:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_software:downside/valueNone7.5
/operating_model/cells/downside_2026q4_us:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_us:downside/caseNonedownside
/operating_model/cells/downside_2026q4_us:downside/idNonedownside_2026q4_us
/operating_model/cells/downside_2026q4_us:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_us:downside/labelNoneUS revenue
/operating_model/cells/downside_2026q4_us:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_us:downside/valueNone690.0
/operating_model/cells/downside_2026q4_us_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2026q4_us_gross:downside/caseNonedownside
/operating_model/cells/downside_2026q4_us_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2026q4_us_gross:downside/formula/refs/0Nonedownside_2026q4_us
/operating_model/cells/downside_2026q4_us_gross:downside/formula/refs/1Nonedownside_2026q4_us_gross_margin
/operating_model/cells/downside_2026q4_us_gross:downside/idNonedownside_2026q4_us_gross
/operating_model/cells/downside_2026q4_us_gross:downside/kindNonederived
/operating_model/cells/downside_2026q4_us_gross:downside/labelNoneGAAP gross profit: us
/operating_model/cells/downside_2026q4_us_gross:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_us_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_us_gross:downside/valueNone420.9
/operating_model/cells/downside_2026q4_us_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_us_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2026q4_us_gross_margin:downside/idNonedownside_2026q4_us_gross_margin
/operating_model/cells/downside_2026q4_us_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_us_gross_margin:downside/labelNoneGAAP gross margin: us
/operating_model/cells/downside_2026q4_us_gross_margin:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_us_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2026q4_us_gross_margin:downside/valueNone0.61
/operating_model/cells/downside_2026q4_withholding:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2026q4_withholding:downside/caseNonedownside
/operating_model/cells/downside_2026q4_withholding:downside/idNonedownside_2026q4_withholding
/operating_model/cells/downside_2026q4_withholding:downside/kindNoneassumption
/operating_model/cells/downside_2026q4_withholding:downside/labelNoneAward tax withholding cash
/operating_model/cells/downside_2026q4_withholding:downside/periodNone2026Q4
/operating_model/cells/downside_2026q4_withholding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2026q4_withholding:downside/valueNone38.0
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/formula/refs/0Nonedownside_2027q1_adjusted_gross
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/formula/refs/1Nonedownside_2027q1_adjusted_opex
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/idNonedownside_2027q1_adjusted_ebitda
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/kindNonederived
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/labelNoneAdjusted EBITDA
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_adjusted_ebitda:downside/valueNone67.28674668500003
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/caseNonedownside
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/formula/refs/0Nonedownside_2027q1_sbc
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/formula/refs/1Nonedownside_2027q1_da
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/formula/refs/2Nonedownside_2027q1_sbc_payroll
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/formula/refs/3Nonedownside_2027q1_integration
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/idNonedownside_2027q1_adjusted_exclusions
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/kindNonederived
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_adjusted_exclusions:downside/valueNone106.0
/operating_model/cells/downside_2027q1_adjusted_gross:downside/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/downside_2027q1_adjusted_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q1_adjusted_gross:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_adjusted_gross:downside/formula/refs/0Nonedownside_2027q1_gross_profit
/operating_model/cells/downside_2027q1_adjusted_gross:downside/formula/refs/1Nonedownside_2027q1_cogs_noncash
/operating_model/cells/downside_2027q1_adjusted_gross:downside/idNonedownside_2027q1_adjusted_gross
/operating_model/cells/downside_2027q1_adjusted_gross:downside/kindNonederived
/operating_model/cells/downside_2027q1_adjusted_gross:downside/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/downside_2027q1_adjusted_gross:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_adjusted_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_adjusted_gross:downside/valueNone470.507747465
/operating_model/cells/downside_2027q1_adjusted_opex:downside/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/downside_2027q1_adjusted_opex:downside/caseNonedownside
/operating_model/cells/downside_2027q1_adjusted_opex:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_adjusted_opex:downside/formula/refs/0Nonedownside_2027q1_revenue
/operating_model/cells/downside_2027q1_adjusted_opex:downside/formula/refs/1Nonedownside_2027q1_opex_ratio
/operating_model/cells/downside_2027q1_adjusted_opex:downside/idNonedownside_2027q1_adjusted_opex
/operating_model/cells/downside_2027q1_adjusted_opex:downside/kindNonederived
/operating_model/cells/downside_2027q1_adjusted_opex:downside/labelNoneAdjusted cash operating expense
/operating_model/cells/downside_2027q1_adjusted_opex:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_adjusted_opex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_adjusted_opex:downside/valueNone403.22100078
/operating_model/cells/downside_2027q1_capex:downside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/downside_2027q1_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q1_capex:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_capex:downside/formula/refs/0Nonedownside_2027q1_ordinary_capex
/operating_model/cells/downside_2027q1_capex:downside/formula/refs/1Nonedownside_2027q1_peptide_cash
/operating_model/cells/downside_2027q1_capex:downside/idNonedownside_2027q1_capex
/operating_model/cells/downside_2027q1_capex:downside/kindNonederived
/operating_model/cells/downside_2027q1_capex:downside/labelNonePP&E and intangible cash purchases
/operating_model/cells/downside_2027q1_capex:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_capex:downside/valueNone45.0
/operating_model/cells/downside_2027q1_cash_before_uses:downside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/downside_2027q1_cash_before_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_before_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_cash_before_uses:downside/formula/refs/0Nonedownside_2027q1_operating_income
/operating_model/cells/downside_2027q1_cash_before_uses:downside/formula/refs/1Nonedownside_2027q1_sbc
/operating_model/cells/downside_2027q1_cash_before_uses:downside/formula/refs/2Nonedownside_2027q1_da
/operating_model/cells/downside_2027q1_cash_before_uses:downside/formula/refs/3Nonedownside_2027q1_net_cash_interest
/operating_model/cells/downside_2027q1_cash_before_uses:downside/idNonedownside_2027q1_cash_before_uses
/operating_model/cells/downside_2027q1_cash_before_uses:downside/kindNonederived
/operating_model/cells/downside_2027q1_cash_before_uses:downside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/downside_2027q1_cash_before_uses:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_before_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_before_uses:downside/valueNone62.286746685000026
/operating_model/cells/downside_2027q1_cash_election:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_cash_election:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_election:downside/idNonedownside_2027q1_cash_election
/operating_model/cells/downside_2027q1_cash_election:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_cash_election:downside/labelNoneAssumed cash election in stress
/operating_model/cells/downside_2027q1_cash_election:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_election:downside/unitNoneratio
/operating_model/cells/downside_2027q1_cash_election:downside/valueNone1.0
/operating_model/cells/downside_2027q1_cash_tax:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_tax:downside/idNonedownside_2027q1_cash_tax
/operating_model/cells/downside_2027q1_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2027q1_cash_tax:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_tax:downside/valueNone8.0
/operating_model/cells/downside_2027q1_cash_uses:downside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/downside_2027q1_cash_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cash_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_cash_uses:downside/formula/refs/0Nonedownside_2027q1_legal_payment
/operating_model/cells/downside_2027q1_cash_uses:downside/formula/refs/1Nonedownside_2027q1_net_rebate_payable_use
/operating_model/cells/downside_2027q1_cash_uses:downside/formula/refs/2Nonedownside_2027q1_cash_tax
/operating_model/cells/downside_2027q1_cash_uses:downside/idNonedownside_2027q1_cash_uses
/operating_model/cells/downside_2027q1_cash_uses:downside/kindNonederived
/operating_model/cells/downside_2027q1_cash_uses:downside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/downside_2027q1_cash_uses:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cash_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cash_uses:downside/valueNone43.0
/operating_model/cells/downside_2027q1_cfo:downside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/downside_2027q1_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_cfo:downside/formula/refs/0Nonedownside_2027q1_cash_before_uses
/operating_model/cells/downside_2027q1_cfo:downside/formula/refs/1Nonedownside_2027q1_cash_uses
/operating_model/cells/downside_2027q1_cfo:downside/idNonedownside_2027q1_cfo
/operating_model/cells/downside_2027q1_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q1_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2027q1_cfo:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cfo:downside/valueNone19.286746685000026
/operating_model/cells/downside_2027q1_cogs_noncash:downside/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/downside_2027q1_cogs_noncash:downside/caseNonedownside
/operating_model/cells/downside_2027q1_cogs_noncash:downside/idNonedownside_2027q1_cogs_noncash
/operating_model/cells/downside_2027q1_cogs_noncash:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_cogs_noncash:downside/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/downside_2027q1_cogs_noncash:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_cogs_noncash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_cogs_noncash:downside/valueNone12.0
/operating_model/cells/downside_2027q1_company_fcf:downside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/downside_2027q1_company_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q1_company_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_company_fcf:downside/formula/refs/0Nonedownside_2027q1_fcf
/operating_model/cells/downside_2027q1_company_fcf:downside/formula/refs/1Nonedownside_2027q1_software
/operating_model/cells/downside_2027q1_company_fcf:downside/idNonedownside_2027q1_company_fcf
/operating_model/cells/downside_2027q1_company_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q1_company_fcf:downside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/downside_2027q1_company_fcf:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_company_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_company_fcf:downside/valueNone-33.713253314999974
/operating_model/cells/downside_2027q1_da:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_da:downside/caseNonedownside
/operating_model/cells/downside_2027q1_da:downside/idNonedownside_2027q1_da
/operating_model/cells/downside_2027q1_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_da:downside/labelNoneDepreciation and amortization
/operating_model/cells/downside_2027q1_da:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_da:downside/valueNone43.0
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/caseNonedownside
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/formula/refs/1Nonedownside_2027q1_cash_election
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/idNonedownside_2027q1_deferred_cash_stress
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/kindNonederived
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_deferred_cash_stress:downside/valueNone113.98333333333333
/operating_model/cells/downside_2027q1_fcf:downside/basisNoneGeneric historical cash definition.
/operating_model/cells/downside_2027q1_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q1_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_fcf:downside/formula/refs/0Nonedownside_2027q1_cfo
/operating_model/cells/downside_2027q1_fcf:downside/formula/refs/1Nonedownside_2027q1_capex
/operating_model/cells/downside_2027q1_fcf:downside/idNonedownside_2027q1_fcf
/operating_model/cells/downside_2027q1_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q1_fcf:downside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/downside_2027q1_fcf:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_fcf:downside/valueNone-25.713253314999974
/operating_model/cells/downside_2027q1_funding_cash:downside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/downside_2027q1_funding_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q1_funding_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_funding_cash:downside/formula/refs/0Nonedownside_2027q1_company_fcf
/operating_model/cells/downside_2027q1_funding_cash:downside/formula/refs/1Nonedownside_2027q1_funding_uses
/operating_model/cells/downside_2027q1_funding_cash:downside/idNonedownside_2027q1_funding_cash
/operating_model/cells/downside_2027q1_funding_cash:downside/kindNonederived
/operating_model/cells/downside_2027q1_funding_cash:downside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/downside_2027q1_funding_cash:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_funding_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_funding_cash:downside/valueNone-188.69658664833332
/operating_model/cells/downside_2027q1_funding_uses:downside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/downside_2027q1_funding_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q1_funding_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_funding_uses:downside/formula/refs/0Nonedownside_2027q1_deferred_cash_stress
/operating_model/cells/downside_2027q1_funding_uses:downside/formula/refs/1Nonedownside_2027q1_withholding
/operating_model/cells/downside_2027q1_funding_uses:downside/idNonedownside_2027q1_funding_uses
/operating_model/cells/downside_2027q1_funding_uses:downside/kindNonederived
/operating_model/cells/downside_2027q1_funding_uses:downside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/downside_2027q1_funding_uses:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_funding_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_funding_uses:downside/valueNone154.98333333333335
/operating_model/cells/downside_2027q1_gross_profit:downside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/downside_2027q1_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2027q1_gross_profit:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_gross_profit:downside/formula/refs/0Nonedownside_2027q1_us_gross
/operating_model/cells/downside_2027q1_gross_profit:downside/formula/refs/1Nonedownside_2027q1_international_gross
/operating_model/cells/downside_2027q1_gross_profit:downside/idNonedownside_2027q1_gross_profit
/operating_model/cells/downside_2027q1_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2027q1_gross_profit:downside/labelNoneGAAP gross profit proxy
/operating_model/cells/downside_2027q1_gross_profit:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_gross_profit:downside/valueNone458.507747465
/operating_model/cells/downside_2027q1_integration:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_integration:downside/caseNonedownside
/operating_model/cells/downside_2027q1_integration:downside/idNonedownside_2027q1_integration
/operating_model/cells/downside_2027q1_integration:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_integration:downside/labelNoneCash transaction and integration expense
/operating_model/cells/downside_2027q1_integration:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_integration:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_integration:downside/valueNone5.0
/operating_model/cells/downside_2027q1_international:downside/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/downside_2027q1_international:downside/caseNonedownside
/operating_model/cells/downside_2027q1_international:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_international:downside/formula/refs/0Nonedownside_fy27_international
/operating_model/cells/downside_2027q1_international:downside/formula/refs/1Nonedownside_2027q1_weight
/operating_model/cells/downside_2027q1_international:downside/idNonedownside_2027q1_international
/operating_model/cells/downside_2027q1_international:downside/kindNonederived
/operating_model/cells/downside_2027q1_international:downside/labelNoneRest-of-world revenue
/operating_model/cells/downside_2027q1_international:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_international:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_international:downside/valueNone145.01503449999998
/operating_model/cells/downside_2027q1_international_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2027q1_international_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q1_international_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_international_gross:downside/formula/refs/0Nonedownside_2027q1_international
/operating_model/cells/downside_2027q1_international_gross:downside/formula/refs/1Nonedownside_2027q1_international_gross_margin
/operating_model/cells/downside_2027q1_international_gross:downside/idNonedownside_2027q1_international_gross
/operating_model/cells/downside_2027q1_international_gross:downside/kindNonederived
/operating_model/cells/downside_2027q1_international_gross:downside/labelNoneGAAP gross profit: international
/operating_model/cells/downside_2027q1_international_gross:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_international_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_international_gross:downside/valueNone73.95766759499999
/operating_model/cells/downside_2027q1_international_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_international_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q1_international_gross_margin:downside/idNonedownside_2027q1_international_gross_margin
/operating_model/cells/downside_2027q1_international_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_international_gross_margin:downside/labelNoneGAAP gross margin: international
/operating_model/cells/downside_2027q1_international_gross_margin:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_international_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q1_international_gross_margin:downside/valueNone0.51
/operating_model/cells/downside_2027q1_legal_payment:downside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/downside_2027q1_legal_payment:downside/caseNonedownside
/operating_model/cells/downside_2027q1_legal_payment:downside/idNonedownside_2027q1_legal_payment
/operating_model/cells/downside_2027q1_legal_payment:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_legal_payment:downside/labelNonePayment of existing June legal reserve
/operating_model/cells/downside_2027q1_legal_payment:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_legal_payment:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_legal_payment:downside/valueNone0.0
/operating_model/cells/downside_2027q1_net_cash_interest:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_net_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q1_net_cash_interest:downside/idNonedownside_2027q1_net_cash_interest
/operating_model/cells/downside_2027q1_net_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_net_cash_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2027q1_net_cash_interest:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_net_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_net_cash_interest:downside/valueNone3.0
/operating_model/cells/downside_2027q1_net_rebate_payable_use:downside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/downside_2027q1_net_rebate_payable_use:downside/caseNonedownside
/operating_model/cells/downside_2027q1_net_rebate_payable_use:downside/idNonedownside_2027q1_net_rebate_payable_use
/operating_model/cells/downside_2027q1_net_rebate_payable_use:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_net_rebate_payable_use:downside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/downside_2027q1_net_rebate_payable_use:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_net_rebate_payable_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_net_rebate_payable_use:downside/valueNone35.0
/operating_model/cells/downside_2027q1_operating_income:downside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/downside_2027q1_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q1_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q1_operating_income:downside/formula/refs/0Nonedownside_2027q1_adjusted_ebitda
/operating_model/cells/downside_2027q1_operating_income:downside/formula/refs/1Nonedownside_2027q1_adjusted_exclusions
/operating_model/cells/downside_2027q1_operating_income:downside/idNonedownside_2027q1_operating_income
/operating_model/cells/downside_2027q1_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q1_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2027q1_operating_income:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_operating_income:downside/valueNone-38.713253314999974
/operating_model/cells/downside_2027q1_opex_ratio:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_opex_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q1_opex_ratio:downside/idNonedownside_2027q1_opex_ratio
/operating_model/cells/downside_2027q1_opex_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_opex_ratio:downside/labelNoneAdjusted cash opex / revenue
/operating_model/cells/downside_2027q1_opex_ratio:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_opex_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q1_opex_ratio:downside/valueNone0.52
/operating_model/cells/downside_2027q1_ordinary_capex:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_ordinary_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q1_ordinary_capex:downside/idNonedownside_2027q1_ordinary_capex
/operating_model/cells/downside_2027q1_ordinary_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_ordinary_capex:downside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/downside_2027q1_ordinary_capex:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_ordinary_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_ordinary_capex:downside/valueNone35.0
/operating_model/cells/downside_2027q1_peptide_cash:downside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/downside_2027q1_peptide_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q1_peptide_cash:downside/idNonedownside_2027q1_peptide_cash
/operating_model/cells/downside_2027q1_peptide_cash:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_peptide_cash:downside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/downside_2027q1_peptide_cash:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_peptide_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_peptide_cash:downside/valueNone10.0
/operating_model/cells/downside_2027q1_revenue:downside/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/downside_2027q1_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q1_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q1_revenue:downside/formula/refs/0Nonedownside_2027q1_us
/operating_model/cells/downside_2027q1_revenue:downside/formula/refs/1Nonedownside_2027q1_international
/operating_model/cells/downside_2027q1_revenue:downside/idNonedownside_2027q1_revenue
/operating_model/cells/downside_2027q1_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q1_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2027q1_revenue:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_revenue:downside/valueNone775.4250015
/operating_model/cells/downside_2027q1_sbc:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q1_sbc:downside/idNonedownside_2027q1_sbc
/operating_model/cells/downside_2027q1_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_sbc:downside/labelNoneTotal equity compensation expense
/operating_model/cells/downside_2027q1_sbc:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_sbc:downside/valueNone55.0
/operating_model/cells/downside_2027q1_sbc_payroll:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_sbc_payroll:downside/caseNonedownside
/operating_model/cells/downside_2027q1_sbc_payroll:downside/idNonedownside_2027q1_sbc_payroll
/operating_model/cells/downside_2027q1_sbc_payroll:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_sbc_payroll:downside/labelNoneCash employer payroll tax on equity
/operating_model/cells/downside_2027q1_sbc_payroll:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_sbc_payroll:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_sbc_payroll:downside/valueNone3.0
/operating_model/cells/downside_2027q1_software:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_software:downside/caseNonedownside
/operating_model/cells/downside_2027q1_software:downside/idNonedownside_2027q1_software
/operating_model/cells/downside_2027q1_software:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_software:downside/labelNoneCapitalized software cash
/operating_model/cells/downside_2027q1_software:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_software:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_software:downside/valueNone8.0
/operating_model/cells/downside_2027q1_us:downside/basisNoneUS revenue timing assumption.
/operating_model/cells/downside_2027q1_us:downside/caseNonedownside
/operating_model/cells/downside_2027q1_us:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_us:downside/formula/refs/0Nonedownside_fy27_us
/operating_model/cells/downside_2027q1_us:downside/formula/refs/1Nonedownside_2027q1_weight
/operating_model/cells/downside_2027q1_us:downside/idNonedownside_2027q1_us
/operating_model/cells/downside_2027q1_us:downside/kindNonederived
/operating_model/cells/downside_2027q1_us:downside/labelNoneUS revenue
/operating_model/cells/downside_2027q1_us:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_us:downside/valueNone630.409967
/operating_model/cells/downside_2027q1_us_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2027q1_us_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q1_us_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q1_us_gross:downside/formula/refs/0Nonedownside_2027q1_us
/operating_model/cells/downside_2027q1_us_gross:downside/formula/refs/1Nonedownside_2027q1_us_gross_margin
/operating_model/cells/downside_2027q1_us_gross:downside/idNonedownside_2027q1_us_gross
/operating_model/cells/downside_2027q1_us_gross:downside/kindNonederived
/operating_model/cells/downside_2027q1_us_gross:downside/labelNoneGAAP gross profit: us
/operating_model/cells/downside_2027q1_us_gross:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_us_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_us_gross:downside/valueNone384.55007987000005
/operating_model/cells/downside_2027q1_us_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_us_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q1_us_gross_margin:downside/idNonedownside_2027q1_us_gross_margin
/operating_model/cells/downside_2027q1_us_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_us_gross_margin:downside/labelNoneGAAP gross margin: us
/operating_model/cells/downside_2027q1_us_gross_margin:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_us_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q1_us_gross_margin:downside/valueNone0.61
/operating_model/cells/downside_2027q1_weight:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_weight:downside/caseNonedownside
/operating_model/cells/downside_2027q1_weight:downside/idNonedownside_2027q1_weight
/operating_model/cells/downside_2027q1_weight:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_weight:downside/labelNoneAnnual revenue quarter share
/operating_model/cells/downside_2027q1_weight:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_weight:downside/unitNoneratio
/operating_model/cells/downside_2027q1_weight:downside/valueNone0.23
/operating_model/cells/downside_2027q1_withholding:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q1_withholding:downside/caseNonedownside
/operating_model/cells/downside_2027q1_withholding:downside/idNonedownside_2027q1_withholding
/operating_model/cells/downside_2027q1_withholding:downside/kindNoneassumption
/operating_model/cells/downside_2027q1_withholding:downside/labelNoneAward tax withholding cash
/operating_model/cells/downside_2027q1_withholding:downside/periodNone2027Q1
/operating_model/cells/downside_2027q1_withholding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q1_withholding:downside/valueNone41.0
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/formula/refs/0Nonedownside_2027q2_adjusted_gross
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/formula/refs/1Nonedownside_2027q2_adjusted_opex
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/idNonedownside_2027q2_adjusted_ebitda
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/kindNonederived
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/labelNoneAdjusted EBITDA
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_adjusted_ebitda:downside/valueNone70.89240407749998
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/caseNonedownside
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/formula/refs/0Nonedownside_2027q2_sbc
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/formula/refs/1Nonedownside_2027q2_da
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/formula/refs/2Nonedownside_2027q2_sbc_payroll
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/formula/refs/3Nonedownside_2027q2_integration
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/idNonedownside_2027q2_adjusted_exclusions
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/kindNonederived
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_adjusted_exclusions:downside/valueNone110.0
/operating_model/cells/downside_2027q2_adjusted_gross:downside/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/downside_2027q2_adjusted_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q2_adjusted_gross:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_adjusted_gross:downside/formula/refs/0Nonedownside_2027q2_gross_profit
/operating_model/cells/downside_2027q2_adjusted_gross:downside/formula/refs/1Nonedownside_2027q2_cogs_noncash
/operating_model/cells/downside_2027q2_adjusted_gross:downside/idNonedownside_2027q2_adjusted_gross
/operating_model/cells/downside_2027q2_adjusted_gross:downside/kindNonederived
/operating_model/cells/downside_2027q2_adjusted_gross:downside/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/downside_2027q2_adjusted_gross:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_adjusted_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_adjusted_gross:downside/valueNone500.4104266475
/operating_model/cells/downside_2027q2_adjusted_opex:downside/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/downside_2027q2_adjusted_opex:downside/caseNonedownside
/operating_model/cells/downside_2027q2_adjusted_opex:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_adjusted_opex:downside/formula/refs/0Nonedownside_2027q2_revenue
/operating_model/cells/downside_2027q2_adjusted_opex:downside/formula/refs/1Nonedownside_2027q2_opex_ratio
/operating_model/cells/downside_2027q2_adjusted_opex:downside/idNonedownside_2027q2_adjusted_opex
/operating_model/cells/downside_2027q2_adjusted_opex:downside/kindNonederived
/operating_model/cells/downside_2027q2_adjusted_opex:downside/labelNoneAdjusted cash operating expense
/operating_model/cells/downside_2027q2_adjusted_opex:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_adjusted_opex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_adjusted_opex:downside/valueNone429.51802257
/operating_model/cells/downside_2027q2_capex:downside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/downside_2027q2_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q2_capex:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_capex:downside/formula/refs/0Nonedownside_2027q2_ordinary_capex
/operating_model/cells/downside_2027q2_capex:downside/formula/refs/1Nonedownside_2027q2_peptide_cash
/operating_model/cells/downside_2027q2_capex:downside/idNonedownside_2027q2_capex
/operating_model/cells/downside_2027q2_capex:downside/kindNonederived
/operating_model/cells/downside_2027q2_capex:downside/labelNonePP&E and intangible cash purchases
/operating_model/cells/downside_2027q2_capex:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_capex:downside/valueNone40.0
/operating_model/cells/downside_2027q2_cash_before_uses:downside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/downside_2027q2_cash_before_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_before_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_cash_before_uses:downside/formula/refs/0Nonedownside_2027q2_operating_income
/operating_model/cells/downside_2027q2_cash_before_uses:downside/formula/refs/1Nonedownside_2027q2_sbc
/operating_model/cells/downside_2027q2_cash_before_uses:downside/formula/refs/2Nonedownside_2027q2_da
/operating_model/cells/downside_2027q2_cash_before_uses:downside/formula/refs/3Nonedownside_2027q2_net_cash_interest
/operating_model/cells/downside_2027q2_cash_before_uses:downside/idNonedownside_2027q2_cash_before_uses
/operating_model/cells/downside_2027q2_cash_before_uses:downside/kindNonederived
/operating_model/cells/downside_2027q2_cash_before_uses:downside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/downside_2027q2_cash_before_uses:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_before_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_before_uses:downside/valueNone65.89240407749998
/operating_model/cells/downside_2027q2_cash_election:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_cash_election:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_election:downside/idNonedownside_2027q2_cash_election
/operating_model/cells/downside_2027q2_cash_election:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_cash_election:downside/labelNoneAssumed cash election in stress
/operating_model/cells/downside_2027q2_cash_election:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_election:downside/unitNoneratio
/operating_model/cells/downside_2027q2_cash_election:downside/valueNone1.0
/operating_model/cells/downside_2027q2_cash_tax:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_tax:downside/idNonedownside_2027q2_cash_tax
/operating_model/cells/downside_2027q2_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2027q2_cash_tax:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_tax:downside/valueNone8.0
/operating_model/cells/downside_2027q2_cash_uses:downside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/downside_2027q2_cash_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cash_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_cash_uses:downside/formula/refs/0Nonedownside_2027q2_legal_payment
/operating_model/cells/downside_2027q2_cash_uses:downside/formula/refs/1Nonedownside_2027q2_net_rebate_payable_use
/operating_model/cells/downside_2027q2_cash_uses:downside/formula/refs/2Nonedownside_2027q2_cash_tax
/operating_model/cells/downside_2027q2_cash_uses:downside/idNonedownside_2027q2_cash_uses
/operating_model/cells/downside_2027q2_cash_uses:downside/kindNonederived
/operating_model/cells/downside_2027q2_cash_uses:downside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/downside_2027q2_cash_uses:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cash_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cash_uses:downside/valueNone33.0
/operating_model/cells/downside_2027q2_cfo:downside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/downside_2027q2_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_cfo:downside/formula/refs/0Nonedownside_2027q2_cash_before_uses
/operating_model/cells/downside_2027q2_cfo:downside/formula/refs/1Nonedownside_2027q2_cash_uses
/operating_model/cells/downside_2027q2_cfo:downside/idNonedownside_2027q2_cfo
/operating_model/cells/downside_2027q2_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q2_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2027q2_cfo:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cfo:downside/valueNone32.892404077499975
/operating_model/cells/downside_2027q2_cogs_noncash:downside/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/downside_2027q2_cogs_noncash:downside/caseNonedownside
/operating_model/cells/downside_2027q2_cogs_noncash:downside/idNonedownside_2027q2_cogs_noncash
/operating_model/cells/downside_2027q2_cogs_noncash:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_cogs_noncash:downside/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/downside_2027q2_cogs_noncash:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_cogs_noncash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_cogs_noncash:downside/valueNone12.0
/operating_model/cells/downside_2027q2_company_fcf:downside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/downside_2027q2_company_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q2_company_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_company_fcf:downside/formula/refs/0Nonedownside_2027q2_fcf
/operating_model/cells/downside_2027q2_company_fcf:downside/formula/refs/1Nonedownside_2027q2_software
/operating_model/cells/downside_2027q2_company_fcf:downside/idNonedownside_2027q2_company_fcf
/operating_model/cells/downside_2027q2_company_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q2_company_fcf:downside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/downside_2027q2_company_fcf:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_company_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_company_fcf:downside/valueNone-15.607595922500025
/operating_model/cells/downside_2027q2_da:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_da:downside/caseNonedownside
/operating_model/cells/downside_2027q2_da:downside/idNonedownside_2027q2_da
/operating_model/cells/downside_2027q2_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_da:downside/labelNoneDepreciation and amortization
/operating_model/cells/downside_2027q2_da:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_da:downside/valueNone43.0
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/caseNonedownside
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/formula/refs/1Nonedownside_2027q2_cash_election
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/idNonedownside_2027q2_deferred_cash_stress
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/kindNonederived
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_deferred_cash_stress:downside/valueNone113.98333333333333
/operating_model/cells/downside_2027q2_fcf:downside/basisNoneGeneric historical cash definition.
/operating_model/cells/downside_2027q2_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q2_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_fcf:downside/formula/refs/0Nonedownside_2027q2_cfo
/operating_model/cells/downside_2027q2_fcf:downside/formula/refs/1Nonedownside_2027q2_capex
/operating_model/cells/downside_2027q2_fcf:downside/idNonedownside_2027q2_fcf
/operating_model/cells/downside_2027q2_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q2_fcf:downside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/downside_2027q2_fcf:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_fcf:downside/valueNone-7.107595922500025
/operating_model/cells/downside_2027q2_funding_cash:downside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/downside_2027q2_funding_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q2_funding_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_funding_cash:downside/formula/refs/0Nonedownside_2027q2_company_fcf
/operating_model/cells/downside_2027q2_funding_cash:downside/formula/refs/1Nonedownside_2027q2_funding_uses
/operating_model/cells/downside_2027q2_funding_cash:downside/idNonedownside_2027q2_funding_cash
/operating_model/cells/downside_2027q2_funding_cash:downside/kindNonederived
/operating_model/cells/downside_2027q2_funding_cash:downside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/downside_2027q2_funding_cash:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_funding_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_funding_cash:downside/valueNone-173.59092925583337
/operating_model/cells/downside_2027q2_funding_uses:downside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/downside_2027q2_funding_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q2_funding_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_funding_uses:downside/formula/refs/0Nonedownside_2027q2_deferred_cash_stress
/operating_model/cells/downside_2027q2_funding_uses:downside/formula/refs/1Nonedownside_2027q2_withholding
/operating_model/cells/downside_2027q2_funding_uses:downside/idNonedownside_2027q2_funding_uses
/operating_model/cells/downside_2027q2_funding_uses:downside/kindNonederived
/operating_model/cells/downside_2027q2_funding_uses:downside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/downside_2027q2_funding_uses:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_funding_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_funding_uses:downside/valueNone157.98333333333335
/operating_model/cells/downside_2027q2_gross_profit:downside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/downside_2027q2_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2027q2_gross_profit:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_gross_profit:downside/formula/refs/0Nonedownside_2027q2_us_gross
/operating_model/cells/downside_2027q2_gross_profit:downside/formula/refs/1Nonedownside_2027q2_international_gross
/operating_model/cells/downside_2027q2_gross_profit:downside/idNonedownside_2027q2_gross_profit
/operating_model/cells/downside_2027q2_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2027q2_gross_profit:downside/labelNoneGAAP gross profit proxy
/operating_model/cells/downside_2027q2_gross_profit:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_gross_profit:downside/valueNone488.4104266475
/operating_model/cells/downside_2027q2_integration:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_integration:downside/caseNonedownside
/operating_model/cells/downside_2027q2_integration:downside/idNonedownside_2027q2_integration
/operating_model/cells/downside_2027q2_integration:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_integration:downside/labelNoneCash transaction and integration expense
/operating_model/cells/downside_2027q2_integration:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_integration:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_integration:downside/valueNone5.0
/operating_model/cells/downside_2027q2_international:downside/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/downside_2027q2_international:downside/caseNonedownside
/operating_model/cells/downside_2027q2_international:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_international:downside/formula/refs/0Nonedownside_fy27_international
/operating_model/cells/downside_2027q2_international:downside/formula/refs/1Nonedownside_2027q2_weight
/operating_model/cells/downside_2027q2_international:downside/idNonedownside_2027q2_international
/operating_model/cells/downside_2027q2_international:downside/kindNonederived
/operating_model/cells/downside_2027q2_international:downside/labelNoneRest-of-world revenue
/operating_model/cells/downside_2027q2_international:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_international:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_international:downside/valueNone154.47253675
/operating_model/cells/downside_2027q2_international_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2027q2_international_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q2_international_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_international_gross:downside/formula/refs/0Nonedownside_2027q2_international
/operating_model/cells/downside_2027q2_international_gross:downside/formula/refs/1Nonedownside_2027q2_international_gross_margin
/operating_model/cells/downside_2027q2_international_gross:downside/idNonedownside_2027q2_international_gross
/operating_model/cells/downside_2027q2_international_gross:downside/kindNonederived
/operating_model/cells/downside_2027q2_international_gross:downside/labelNoneGAAP gross profit: international
/operating_model/cells/downside_2027q2_international_gross:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_international_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_international_gross:downside/valueNone78.7809937425
/operating_model/cells/downside_2027q2_international_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_international_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q2_international_gross_margin:downside/idNonedownside_2027q2_international_gross_margin
/operating_model/cells/downside_2027q2_international_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_international_gross_margin:downside/labelNoneGAAP gross margin: international
/operating_model/cells/downside_2027q2_international_gross_margin:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_international_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q2_international_gross_margin:downside/valueNone0.51
/operating_model/cells/downside_2027q2_legal_payment:downside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/downside_2027q2_legal_payment:downside/caseNonedownside
/operating_model/cells/downside_2027q2_legal_payment:downside/idNonedownside_2027q2_legal_payment
/operating_model/cells/downside_2027q2_legal_payment:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_legal_payment:downside/labelNonePayment of existing June legal reserve
/operating_model/cells/downside_2027q2_legal_payment:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_legal_payment:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_legal_payment:downside/valueNone0.0
/operating_model/cells/downside_2027q2_net_cash_interest:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_net_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q2_net_cash_interest:downside/idNonedownside_2027q2_net_cash_interest
/operating_model/cells/downside_2027q2_net_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_net_cash_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2027q2_net_cash_interest:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_net_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_net_cash_interest:downside/valueNone3.0
/operating_model/cells/downside_2027q2_net_rebate_payable_use:downside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/downside_2027q2_net_rebate_payable_use:downside/caseNonedownside
/operating_model/cells/downside_2027q2_net_rebate_payable_use:downside/idNonedownside_2027q2_net_rebate_payable_use
/operating_model/cells/downside_2027q2_net_rebate_payable_use:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_net_rebate_payable_use:downside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/downside_2027q2_net_rebate_payable_use:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_net_rebate_payable_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_net_rebate_payable_use:downside/valueNone25.0
/operating_model/cells/downside_2027q2_operating_income:downside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/downside_2027q2_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q2_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q2_operating_income:downside/formula/refs/0Nonedownside_2027q2_adjusted_ebitda
/operating_model/cells/downside_2027q2_operating_income:downside/formula/refs/1Nonedownside_2027q2_adjusted_exclusions
/operating_model/cells/downside_2027q2_operating_income:downside/idNonedownside_2027q2_operating_income
/operating_model/cells/downside_2027q2_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q2_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2027q2_operating_income:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_operating_income:downside/valueNone-39.107595922500025
/operating_model/cells/downside_2027q2_opex_ratio:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_opex_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q2_opex_ratio:downside/idNonedownside_2027q2_opex_ratio
/operating_model/cells/downside_2027q2_opex_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_opex_ratio:downside/labelNoneAdjusted cash opex / revenue
/operating_model/cells/downside_2027q2_opex_ratio:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_opex_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q2_opex_ratio:downside/valueNone0.52
/operating_model/cells/downside_2027q2_ordinary_capex:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_ordinary_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q2_ordinary_capex:downside/idNonedownside_2027q2_ordinary_capex
/operating_model/cells/downside_2027q2_ordinary_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_ordinary_capex:downside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/downside_2027q2_ordinary_capex:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_ordinary_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_ordinary_capex:downside/valueNone35.0
/operating_model/cells/downside_2027q2_peptide_cash:downside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/downside_2027q2_peptide_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q2_peptide_cash:downside/idNonedownside_2027q2_peptide_cash
/operating_model/cells/downside_2027q2_peptide_cash:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_peptide_cash:downside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/downside_2027q2_peptide_cash:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_peptide_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_peptide_cash:downside/valueNone5.0
/operating_model/cells/downside_2027q2_revenue:downside/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/downside_2027q2_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q2_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q2_revenue:downside/formula/refs/0Nonedownside_2027q2_us
/operating_model/cells/downside_2027q2_revenue:downside/formula/refs/1Nonedownside_2027q2_international
/operating_model/cells/downside_2027q2_revenue:downside/idNonedownside_2027q2_revenue
/operating_model/cells/downside_2027q2_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q2_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2027q2_revenue:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_revenue:downside/valueNone825.99619725
/operating_model/cells/downside_2027q2_sbc:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q2_sbc:downside/idNonedownside_2027q2_sbc
/operating_model/cells/downside_2027q2_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_sbc:downside/labelNoneTotal equity compensation expense
/operating_model/cells/downside_2027q2_sbc:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_sbc:downside/valueNone59.0
/operating_model/cells/downside_2027q2_sbc_payroll:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_sbc_payroll:downside/caseNonedownside
/operating_model/cells/downside_2027q2_sbc_payroll:downside/idNonedownside_2027q2_sbc_payroll
/operating_model/cells/downside_2027q2_sbc_payroll:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_sbc_payroll:downside/labelNoneCash employer payroll tax on equity
/operating_model/cells/downside_2027q2_sbc_payroll:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_sbc_payroll:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_sbc_payroll:downside/valueNone3.0
/operating_model/cells/downside_2027q2_software:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_software:downside/caseNonedownside
/operating_model/cells/downside_2027q2_software:downside/idNonedownside_2027q2_software
/operating_model/cells/downside_2027q2_software:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_software:downside/labelNoneCapitalized software cash
/operating_model/cells/downside_2027q2_software:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_software:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_software:downside/valueNone8.5
/operating_model/cells/downside_2027q2_us:downside/basisNoneUS revenue timing assumption.
/operating_model/cells/downside_2027q2_us:downside/caseNonedownside
/operating_model/cells/downside_2027q2_us:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_us:downside/formula/refs/0Nonedownside_fy27_us
/operating_model/cells/downside_2027q2_us:downside/formula/refs/1Nonedownside_2027q2_weight
/operating_model/cells/downside_2027q2_us:downside/idNonedownside_2027q2_us
/operating_model/cells/downside_2027q2_us:downside/kindNonederived
/operating_model/cells/downside_2027q2_us:downside/labelNoneUS revenue
/operating_model/cells/downside_2027q2_us:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_us:downside/valueNone671.5236605
/operating_model/cells/downside_2027q2_us_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2027q2_us_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q2_us_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q2_us_gross:downside/formula/refs/0Nonedownside_2027q2_us
/operating_model/cells/downside_2027q2_us_gross:downside/formula/refs/1Nonedownside_2027q2_us_gross_margin
/operating_model/cells/downside_2027q2_us_gross:downside/idNonedownside_2027q2_us_gross
/operating_model/cells/downside_2027q2_us_gross:downside/kindNonederived
/operating_model/cells/downside_2027q2_us_gross:downside/labelNoneGAAP gross profit: us
/operating_model/cells/downside_2027q2_us_gross:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_us_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_us_gross:downside/valueNone409.629432905
/operating_model/cells/downside_2027q2_us_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_us_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q2_us_gross_margin:downside/idNonedownside_2027q2_us_gross_margin
/operating_model/cells/downside_2027q2_us_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_us_gross_margin:downside/labelNoneGAAP gross margin: us
/operating_model/cells/downside_2027q2_us_gross_margin:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_us_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q2_us_gross_margin:downside/valueNone0.61
/operating_model/cells/downside_2027q2_weight:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_weight:downside/caseNonedownside
/operating_model/cells/downside_2027q2_weight:downside/idNonedownside_2027q2_weight
/operating_model/cells/downside_2027q2_weight:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_weight:downside/labelNoneAnnual revenue quarter share
/operating_model/cells/downside_2027q2_weight:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_weight:downside/unitNoneratio
/operating_model/cells/downside_2027q2_weight:downside/valueNone0.245
/operating_model/cells/downside_2027q2_withholding:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q2_withholding:downside/caseNonedownside
/operating_model/cells/downside_2027q2_withholding:downside/idNonedownside_2027q2_withholding
/operating_model/cells/downside_2027q2_withholding:downside/kindNoneassumption
/operating_model/cells/downside_2027q2_withholding:downside/labelNoneAward tax withholding cash
/operating_model/cells/downside_2027q2_withholding:downside/periodNone2027Q2
/operating_model/cells/downside_2027q2_withholding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q2_withholding:downside/valueNone44.0
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/formula/refs/0Nonedownside_2027q3_adjusted_gross
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/formula/refs/1Nonedownside_2027q3_adjusted_opex
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/idNonedownside_2027q3_adjusted_ebitda
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/kindNonederived
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/labelNoneAdjusted EBITDA
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_adjusted_ebitda:downside/valueNone73.2961756725
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/caseNonedownside
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/formula/refs/0Nonedownside_2027q3_sbc
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/formula/refs/1Nonedownside_2027q3_da
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/formula/refs/2Nonedownside_2027q3_sbc_payroll
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/formula/refs/3Nonedownside_2027q3_integration
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/idNonedownside_2027q3_adjusted_exclusions
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/kindNonederived
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_adjusted_exclusions:downside/valueNone114.0
/operating_model/cells/downside_2027q3_adjusted_gross:downside/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/downside_2027q3_adjusted_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q3_adjusted_gross:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_adjusted_gross:downside/formula/refs/0Nonedownside_2027q3_gross_profit
/operating_model/cells/downside_2027q3_adjusted_gross:downside/formula/refs/1Nonedownside_2027q3_cogs_noncash
/operating_model/cells/downside_2027q3_adjusted_gross:downside/idNonedownside_2027q3_adjusted_gross
/operating_model/cells/downside_2027q3_adjusted_gross:downside/kindNonederived
/operating_model/cells/downside_2027q3_adjusted_gross:downside/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/downside_2027q3_adjusted_gross:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_adjusted_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_adjusted_gross:downside/valueNone520.3455461025001
/operating_model/cells/downside_2027q3_adjusted_opex:downside/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/downside_2027q3_adjusted_opex:downside/caseNonedownside
/operating_model/cells/downside_2027q3_adjusted_opex:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_adjusted_opex:downside/formula/refs/0Nonedownside_2027q3_revenue
/operating_model/cells/downside_2027q3_adjusted_opex:downside/formula/refs/1Nonedownside_2027q3_opex_ratio
/operating_model/cells/downside_2027q3_adjusted_opex:downside/idNonedownside_2027q3_adjusted_opex
/operating_model/cells/downside_2027q3_adjusted_opex:downside/kindNonederived
/operating_model/cells/downside_2027q3_adjusted_opex:downside/labelNoneAdjusted cash operating expense
/operating_model/cells/downside_2027q3_adjusted_opex:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_adjusted_opex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_adjusted_opex:downside/valueNone447.04937043000007
/operating_model/cells/downside_2027q3_capex:downside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/downside_2027q3_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q3_capex:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_capex:downside/formula/refs/0Nonedownside_2027q3_ordinary_capex
/operating_model/cells/downside_2027q3_capex:downside/formula/refs/1Nonedownside_2027q3_peptide_cash
/operating_model/cells/downside_2027q3_capex:downside/idNonedownside_2027q3_capex
/operating_model/cells/downside_2027q3_capex:downside/kindNonederived
/operating_model/cells/downside_2027q3_capex:downside/labelNonePP&E and intangible cash purchases
/operating_model/cells/downside_2027q3_capex:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_capex:downside/valueNone35.0
/operating_model/cells/downside_2027q3_cash_before_uses:downside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/downside_2027q3_cash_before_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_before_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_cash_before_uses:downside/formula/refs/0Nonedownside_2027q3_operating_income
/operating_model/cells/downside_2027q3_cash_before_uses:downside/formula/refs/1Nonedownside_2027q3_sbc
/operating_model/cells/downside_2027q3_cash_before_uses:downside/formula/refs/2Nonedownside_2027q3_da
/operating_model/cells/downside_2027q3_cash_before_uses:downside/formula/refs/3Nonedownside_2027q3_net_cash_interest
/operating_model/cells/downside_2027q3_cash_before_uses:downside/idNonedownside_2027q3_cash_before_uses
/operating_model/cells/downside_2027q3_cash_before_uses:downside/kindNonederived
/operating_model/cells/downside_2027q3_cash_before_uses:downside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/downside_2027q3_cash_before_uses:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_before_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_before_uses:downside/valueNone68.2961756725
/operating_model/cells/downside_2027q3_cash_election:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_cash_election:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_election:downside/idNonedownside_2027q3_cash_election
/operating_model/cells/downside_2027q3_cash_election:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_cash_election:downside/labelNoneAssumed cash election in stress
/operating_model/cells/downside_2027q3_cash_election:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_election:downside/unitNoneratio
/operating_model/cells/downside_2027q3_cash_election:downside/valueNone1.0
/operating_model/cells/downside_2027q3_cash_tax:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_tax:downside/idNonedownside_2027q3_cash_tax
/operating_model/cells/downside_2027q3_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2027q3_cash_tax:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_tax:downside/valueNone8.0
/operating_model/cells/downside_2027q3_cash_uses:downside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/downside_2027q3_cash_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cash_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_cash_uses:downside/formula/refs/0Nonedownside_2027q3_legal_payment
/operating_model/cells/downside_2027q3_cash_uses:downside/formula/refs/1Nonedownside_2027q3_net_rebate_payable_use
/operating_model/cells/downside_2027q3_cash_uses:downside/formula/refs/2Nonedownside_2027q3_cash_tax
/operating_model/cells/downside_2027q3_cash_uses:downside/idNonedownside_2027q3_cash_uses
/operating_model/cells/downside_2027q3_cash_uses:downside/kindNonederived
/operating_model/cells/downside_2027q3_cash_uses:downside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/downside_2027q3_cash_uses:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cash_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cash_uses:downside/valueNone38.0
/operating_model/cells/downside_2027q3_cfo:downside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/downside_2027q3_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_cfo:downside/formula/refs/0Nonedownside_2027q3_cash_before_uses
/operating_model/cells/downside_2027q3_cfo:downside/formula/refs/1Nonedownside_2027q3_cash_uses
/operating_model/cells/downside_2027q3_cfo:downside/idNonedownside_2027q3_cfo
/operating_model/cells/downside_2027q3_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q3_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2027q3_cfo:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cfo:downside/valueNone30.2961756725
/operating_model/cells/downside_2027q3_cogs_noncash:downside/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/downside_2027q3_cogs_noncash:downside/caseNonedownside
/operating_model/cells/downside_2027q3_cogs_noncash:downside/idNonedownside_2027q3_cogs_noncash
/operating_model/cells/downside_2027q3_cogs_noncash:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_cogs_noncash:downside/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/downside_2027q3_cogs_noncash:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_cogs_noncash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_cogs_noncash:downside/valueNone12.0
/operating_model/cells/downside_2027q3_company_fcf:downside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/downside_2027q3_company_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q3_company_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_company_fcf:downside/formula/refs/0Nonedownside_2027q3_fcf
/operating_model/cells/downside_2027q3_company_fcf:downside/formula/refs/1Nonedownside_2027q3_software
/operating_model/cells/downside_2027q3_company_fcf:downside/idNonedownside_2027q3_company_fcf
/operating_model/cells/downside_2027q3_company_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q3_company_fcf:downside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/downside_2027q3_company_fcf:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_company_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_company_fcf:downside/valueNone-13.703824327500001
/operating_model/cells/downside_2027q3_da:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_da:downside/caseNonedownside
/operating_model/cells/downside_2027q3_da:downside/idNonedownside_2027q3_da
/operating_model/cells/downside_2027q3_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_da:downside/labelNoneDepreciation and amortization
/operating_model/cells/downside_2027q3_da:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_da:downside/valueNone43.0
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/caseNonedownside
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/formula/refs/1Nonedownside_2027q3_cash_election
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/idNonedownside_2027q3_deferred_cash_stress
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/kindNonederived
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_deferred_cash_stress:downside/valueNone113.98333333333333
/operating_model/cells/downside_2027q3_fcf:downside/basisNoneGeneric historical cash definition.
/operating_model/cells/downside_2027q3_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q3_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_fcf:downside/formula/refs/0Nonedownside_2027q3_cfo
/operating_model/cells/downside_2027q3_fcf:downside/formula/refs/1Nonedownside_2027q3_capex
/operating_model/cells/downside_2027q3_fcf:downside/idNonedownside_2027q3_fcf
/operating_model/cells/downside_2027q3_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q3_fcf:downside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/downside_2027q3_fcf:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_fcf:downside/valueNone-4.703824327500001
/operating_model/cells/downside_2027q3_funding_cash:downside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/downside_2027q3_funding_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q3_funding_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_funding_cash:downside/formula/refs/0Nonedownside_2027q3_company_fcf
/operating_model/cells/downside_2027q3_funding_cash:downside/formula/refs/1Nonedownside_2027q3_funding_uses
/operating_model/cells/downside_2027q3_funding_cash:downside/idNonedownside_2027q3_funding_cash
/operating_model/cells/downside_2027q3_funding_cash:downside/kindNonederived
/operating_model/cells/downside_2027q3_funding_cash:downside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/downside_2027q3_funding_cash:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_funding_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_funding_cash:downside/valueNone-174.68715766083335
/operating_model/cells/downside_2027q3_funding_uses:downside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/downside_2027q3_funding_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q3_funding_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_funding_uses:downside/formula/refs/0Nonedownside_2027q3_deferred_cash_stress
/operating_model/cells/downside_2027q3_funding_uses:downside/formula/refs/1Nonedownside_2027q3_withholding
/operating_model/cells/downside_2027q3_funding_uses:downside/idNonedownside_2027q3_funding_uses
/operating_model/cells/downside_2027q3_funding_uses:downside/kindNonederived
/operating_model/cells/downside_2027q3_funding_uses:downside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/downside_2027q3_funding_uses:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_funding_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_funding_uses:downside/valueNone160.98333333333335
/operating_model/cells/downside_2027q3_gross_profit:downside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/downside_2027q3_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2027q3_gross_profit:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_gross_profit:downside/formula/refs/0Nonedownside_2027q3_us_gross
/operating_model/cells/downside_2027q3_gross_profit:downside/formula/refs/1Nonedownside_2027q3_international_gross
/operating_model/cells/downside_2027q3_gross_profit:downside/idNonedownside_2027q3_gross_profit
/operating_model/cells/downside_2027q3_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2027q3_gross_profit:downside/labelNoneGAAP gross profit proxy
/operating_model/cells/downside_2027q3_gross_profit:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_gross_profit:downside/valueNone508.34554610250007
/operating_model/cells/downside_2027q3_integration:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_integration:downside/caseNonedownside
/operating_model/cells/downside_2027q3_integration:downside/idNonedownside_2027q3_integration
/operating_model/cells/downside_2027q3_integration:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_integration:downside/labelNoneCash transaction and integration expense
/operating_model/cells/downside_2027q3_integration:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_integration:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_integration:downside/valueNone5.0
/operating_model/cells/downside_2027q3_international:downside/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/downside_2027q3_international:downside/caseNonedownside
/operating_model/cells/downside_2027q3_international:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_international:downside/formula/refs/0Nonedownside_fy27_international
/operating_model/cells/downside_2027q3_international:downside/formula/refs/1Nonedownside_2027q3_weight
/operating_model/cells/downside_2027q3_international:downside/idNonedownside_2027q3_international
/operating_model/cells/downside_2027q3_international:downside/kindNonederived
/operating_model/cells/downside_2027q3_international:downside/labelNoneRest-of-world revenue
/operating_model/cells/downside_2027q3_international:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_international:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_international:downside/valueNone160.77753825
/operating_model/cells/downside_2027q3_international_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2027q3_international_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q3_international_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_international_gross:downside/formula/refs/0Nonedownside_2027q3_international
/operating_model/cells/downside_2027q3_international_gross:downside/formula/refs/1Nonedownside_2027q3_international_gross_margin
/operating_model/cells/downside_2027q3_international_gross:downside/idNonedownside_2027q3_international_gross
/operating_model/cells/downside_2027q3_international_gross:downside/kindNonederived
/operating_model/cells/downside_2027q3_international_gross:downside/labelNoneGAAP gross profit: international
/operating_model/cells/downside_2027q3_international_gross:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_international_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_international_gross:downside/valueNone81.99654450749999
/operating_model/cells/downside_2027q3_international_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_international_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q3_international_gross_margin:downside/idNonedownside_2027q3_international_gross_margin
/operating_model/cells/downside_2027q3_international_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_international_gross_margin:downside/labelNoneGAAP gross margin: international
/operating_model/cells/downside_2027q3_international_gross_margin:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_international_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q3_international_gross_margin:downside/valueNone0.51
/operating_model/cells/downside_2027q3_legal_payment:downside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/downside_2027q3_legal_payment:downside/caseNonedownside
/operating_model/cells/downside_2027q3_legal_payment:downside/idNonedownside_2027q3_legal_payment
/operating_model/cells/downside_2027q3_legal_payment:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_legal_payment:downside/labelNonePayment of existing June legal reserve
/operating_model/cells/downside_2027q3_legal_payment:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_legal_payment:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_legal_payment:downside/valueNone0.0
/operating_model/cells/downside_2027q3_net_cash_interest:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_net_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q3_net_cash_interest:downside/idNonedownside_2027q3_net_cash_interest
/operating_model/cells/downside_2027q3_net_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_net_cash_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2027q3_net_cash_interest:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_net_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_net_cash_interest:downside/valueNone3.0
/operating_model/cells/downside_2027q3_net_rebate_payable_use:downside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/downside_2027q3_net_rebate_payable_use:downside/caseNonedownside
/operating_model/cells/downside_2027q3_net_rebate_payable_use:downside/idNonedownside_2027q3_net_rebate_payable_use
/operating_model/cells/downside_2027q3_net_rebate_payable_use:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_net_rebate_payable_use:downside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/downside_2027q3_net_rebate_payable_use:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_net_rebate_payable_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_net_rebate_payable_use:downside/valueNone30.0
/operating_model/cells/downside_2027q3_operating_income:downside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/downside_2027q3_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q3_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q3_operating_income:downside/formula/refs/0Nonedownside_2027q3_adjusted_ebitda
/operating_model/cells/downside_2027q3_operating_income:downside/formula/refs/1Nonedownside_2027q3_adjusted_exclusions
/operating_model/cells/downside_2027q3_operating_income:downside/idNonedownside_2027q3_operating_income
/operating_model/cells/downside_2027q3_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q3_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2027q3_operating_income:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_operating_income:downside/valueNone-40.7038243275
/operating_model/cells/downside_2027q3_opex_ratio:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_opex_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q3_opex_ratio:downside/idNonedownside_2027q3_opex_ratio
/operating_model/cells/downside_2027q3_opex_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_opex_ratio:downside/labelNoneAdjusted cash opex / revenue
/operating_model/cells/downside_2027q3_opex_ratio:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_opex_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q3_opex_ratio:downside/valueNone0.52
/operating_model/cells/downside_2027q3_ordinary_capex:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_ordinary_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q3_ordinary_capex:downside/idNonedownside_2027q3_ordinary_capex
/operating_model/cells/downside_2027q3_ordinary_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_ordinary_capex:downside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/downside_2027q3_ordinary_capex:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_ordinary_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_ordinary_capex:downside/valueNone35.0
/operating_model/cells/downside_2027q3_peptide_cash:downside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/downside_2027q3_peptide_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q3_peptide_cash:downside/idNonedownside_2027q3_peptide_cash
/operating_model/cells/downside_2027q3_peptide_cash:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_peptide_cash:downside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/downside_2027q3_peptide_cash:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_peptide_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_peptide_cash:downside/valueNone0.0
/operating_model/cells/downside_2027q3_revenue:downside/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/downside_2027q3_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q3_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q3_revenue:downside/formula/refs/0Nonedownside_2027q3_us
/operating_model/cells/downside_2027q3_revenue:downside/formula/refs/1Nonedownside_2027q3_international
/operating_model/cells/downside_2027q3_revenue:downside/idNonedownside_2027q3_revenue
/operating_model/cells/downside_2027q3_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q3_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2027q3_revenue:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_revenue:downside/valueNone859.7103277500001
/operating_model/cells/downside_2027q3_sbc:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q3_sbc:downside/idNonedownside_2027q3_sbc
/operating_model/cells/downside_2027q3_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_sbc:downside/labelNoneTotal equity compensation expense
/operating_model/cells/downside_2027q3_sbc:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_sbc:downside/valueNone63.0
/operating_model/cells/downside_2027q3_sbc_payroll:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_sbc_payroll:downside/caseNonedownside
/operating_model/cells/downside_2027q3_sbc_payroll:downside/idNonedownside_2027q3_sbc_payroll
/operating_model/cells/downside_2027q3_sbc_payroll:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_sbc_payroll:downside/labelNoneCash employer payroll tax on equity
/operating_model/cells/downside_2027q3_sbc_payroll:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_sbc_payroll:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_sbc_payroll:downside/valueNone3.0
/operating_model/cells/downside_2027q3_software:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_software:downside/caseNonedownside
/operating_model/cells/downside_2027q3_software:downside/idNonedownside_2027q3_software
/operating_model/cells/downside_2027q3_software:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_software:downside/labelNoneCapitalized software cash
/operating_model/cells/downside_2027q3_software:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_software:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_software:downside/valueNone9.0
/operating_model/cells/downside_2027q3_us:downside/basisNoneUS revenue timing assumption.
/operating_model/cells/downside_2027q3_us:downside/caseNonedownside
/operating_model/cells/downside_2027q3_us:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_us:downside/formula/refs/0Nonedownside_fy27_us
/operating_model/cells/downside_2027q3_us:downside/formula/refs/1Nonedownside_2027q3_weight
/operating_model/cells/downside_2027q3_us:downside/idNonedownside_2027q3_us
/operating_model/cells/downside_2027q3_us:downside/kindNonederived
/operating_model/cells/downside_2027q3_us:downside/labelNoneUS revenue
/operating_model/cells/downside_2027q3_us:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_us:downside/valueNone698.9327895000001
/operating_model/cells/downside_2027q3_us_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2027q3_us_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q3_us_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q3_us_gross:downside/formula/refs/0Nonedownside_2027q3_us
/operating_model/cells/downside_2027q3_us_gross:downside/formula/refs/1Nonedownside_2027q3_us_gross_margin
/operating_model/cells/downside_2027q3_us_gross:downside/idNonedownside_2027q3_us_gross
/operating_model/cells/downside_2027q3_us_gross:downside/kindNonederived
/operating_model/cells/downside_2027q3_us_gross:downside/labelNoneGAAP gross profit: us
/operating_model/cells/downside_2027q3_us_gross:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_us_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_us_gross:downside/valueNone426.34900159500006
/operating_model/cells/downside_2027q3_us_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_us_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q3_us_gross_margin:downside/idNonedownside_2027q3_us_gross_margin
/operating_model/cells/downside_2027q3_us_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_us_gross_margin:downside/labelNoneGAAP gross margin: us
/operating_model/cells/downside_2027q3_us_gross_margin:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_us_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q3_us_gross_margin:downside/valueNone0.61
/operating_model/cells/downside_2027q3_weight:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_weight:downside/caseNonedownside
/operating_model/cells/downside_2027q3_weight:downside/idNonedownside_2027q3_weight
/operating_model/cells/downside_2027q3_weight:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_weight:downside/labelNoneAnnual revenue quarter share
/operating_model/cells/downside_2027q3_weight:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_weight:downside/unitNoneratio
/operating_model/cells/downside_2027q3_weight:downside/valueNone0.255
/operating_model/cells/downside_2027q3_withholding:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q3_withholding:downside/caseNonedownside
/operating_model/cells/downside_2027q3_withholding:downside/idNonedownside_2027q3_withholding
/operating_model/cells/downside_2027q3_withholding:downside/kindNoneassumption
/operating_model/cells/downside_2027q3_withholding:downside/labelNoneAward tax withholding cash
/operating_model/cells/downside_2027q3_withholding:downside/periodNone2027Q3
/operating_model/cells/downside_2027q3_withholding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q3_withholding:downside/valueNone47.0
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/caseNonedownside
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/formula/refs/0Nonedownside_2027q4_adjusted_gross
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/formula/refs/1Nonedownside_2027q4_adjusted_opex
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/idNonedownside_2027q4_adjusted_ebitda
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/kindNonederived
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/labelNoneAdjusted EBITDA
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_adjusted_ebitda:downside/valueNone76.90183306500006
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/caseNonedownside
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/formula/refs/0Nonedownside_2027q4_sbc
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/formula/refs/1Nonedownside_2027q4_da
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/formula/refs/2Nonedownside_2027q4_sbc_payroll
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/formula/refs/3Nonedownside_2027q4_integration
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/idNonedownside_2027q4_adjusted_exclusions
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/kindNonederived
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_adjusted_exclusions:downside/valueNone118.0
/operating_model/cells/downside_2027q4_adjusted_gross:downside/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/downside_2027q4_adjusted_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q4_adjusted_gross:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_adjusted_gross:downside/formula/refs/0Nonedownside_2027q4_gross_profit
/operating_model/cells/downside_2027q4_adjusted_gross:downside/formula/refs/1Nonedownside_2027q4_cogs_noncash
/operating_model/cells/downside_2027q4_adjusted_gross:downside/idNonedownside_2027q4_adjusted_gross
/operating_model/cells/downside_2027q4_adjusted_gross:downside/kindNonederived
/operating_model/cells/downside_2027q4_adjusted_gross:downside/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/downside_2027q4_adjusted_gross:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_adjusted_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_adjusted_gross:downside/valueNone550.2482252850001
/operating_model/cells/downside_2027q4_adjusted_opex:downside/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/downside_2027q4_adjusted_opex:downside/caseNonedownside
/operating_model/cells/downside_2027q4_adjusted_opex:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_adjusted_opex:downside/formula/refs/0Nonedownside_2027q4_revenue
/operating_model/cells/downside_2027q4_adjusted_opex:downside/formula/refs/1Nonedownside_2027q4_opex_ratio
/operating_model/cells/downside_2027q4_adjusted_opex:downside/idNonedownside_2027q4_adjusted_opex
/operating_model/cells/downside_2027q4_adjusted_opex:downside/kindNonederived
/operating_model/cells/downside_2027q4_adjusted_opex:downside/labelNoneAdjusted cash operating expense
/operating_model/cells/downside_2027q4_adjusted_opex:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_adjusted_opex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_adjusted_opex:downside/valueNone473.34639222000004
/operating_model/cells/downside_2027q4_capex:downside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/downside_2027q4_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q4_capex:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_capex:downside/formula/refs/0Nonedownside_2027q4_ordinary_capex
/operating_model/cells/downside_2027q4_capex:downside/formula/refs/1Nonedownside_2027q4_peptide_cash
/operating_model/cells/downside_2027q4_capex:downside/idNonedownside_2027q4_capex
/operating_model/cells/downside_2027q4_capex:downside/kindNonederived
/operating_model/cells/downside_2027q4_capex:downside/labelNonePP&E and intangible cash purchases
/operating_model/cells/downside_2027q4_capex:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_capex:downside/valueNone35.0
/operating_model/cells/downside_2027q4_cash_before_uses:downside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/downside_2027q4_cash_before_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_before_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_cash_before_uses:downside/formula/refs/0Nonedownside_2027q4_operating_income
/operating_model/cells/downside_2027q4_cash_before_uses:downside/formula/refs/1Nonedownside_2027q4_sbc
/operating_model/cells/downside_2027q4_cash_before_uses:downside/formula/refs/2Nonedownside_2027q4_da
/operating_model/cells/downside_2027q4_cash_before_uses:downside/formula/refs/3Nonedownside_2027q4_net_cash_interest
/operating_model/cells/downside_2027q4_cash_before_uses:downside/idNonedownside_2027q4_cash_before_uses
/operating_model/cells/downside_2027q4_cash_before_uses:downside/kindNonederived
/operating_model/cells/downside_2027q4_cash_before_uses:downside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/downside_2027q4_cash_before_uses:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_before_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_before_uses:downside/valueNone71.90183306500006
/operating_model/cells/downside_2027q4_cash_election:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_cash_election:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_election:downside/idNonedownside_2027q4_cash_election
/operating_model/cells/downside_2027q4_cash_election:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_cash_election:downside/labelNoneAssumed cash election in stress
/operating_model/cells/downside_2027q4_cash_election:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_election:downside/unitNoneratio
/operating_model/cells/downside_2027q4_cash_election:downside/valueNone1.0
/operating_model/cells/downside_2027q4_cash_tax:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_cash_tax:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_tax:downside/idNonedownside_2027q4_cash_tax
/operating_model/cells/downside_2027q4_cash_tax:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_cash_tax:downside/labelNoneCash tax allowance
/operating_model/cells/downside_2027q4_cash_tax:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_tax:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_tax:downside/valueNone8.0
/operating_model/cells/downside_2027q4_cash_uses:downside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/downside_2027q4_cash_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cash_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_cash_uses:downside/formula/refs/0Nonedownside_2027q4_legal_payment
/operating_model/cells/downside_2027q4_cash_uses:downside/formula/refs/1Nonedownside_2027q4_net_rebate_payable_use
/operating_model/cells/downside_2027q4_cash_uses:downside/formula/refs/2Nonedownside_2027q4_cash_tax
/operating_model/cells/downside_2027q4_cash_uses:downside/idNonedownside_2027q4_cash_uses
/operating_model/cells/downside_2027q4_cash_uses:downside/kindNonederived
/operating_model/cells/downside_2027q4_cash_uses:downside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/downside_2027q4_cash_uses:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cash_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cash_uses:downside/valueNone28.0
/operating_model/cells/downside_2027q4_cfo:downside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/downside_2027q4_cfo:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cfo:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_cfo:downside/formula/refs/0Nonedownside_2027q4_cash_before_uses
/operating_model/cells/downside_2027q4_cfo:downside/formula/refs/1Nonedownside_2027q4_cash_uses
/operating_model/cells/downside_2027q4_cfo:downside/idNonedownside_2027q4_cfo
/operating_model/cells/downside_2027q4_cfo:downside/kindNonederived
/operating_model/cells/downside_2027q4_cfo:downside/labelNoneOperating cash flow
/operating_model/cells/downside_2027q4_cfo:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cfo:downside/valueNone43.90183306500006
/operating_model/cells/downside_2027q4_cogs_noncash:downside/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/downside_2027q4_cogs_noncash:downside/caseNonedownside
/operating_model/cells/downside_2027q4_cogs_noncash:downside/idNonedownside_2027q4_cogs_noncash
/operating_model/cells/downside_2027q4_cogs_noncash:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_cogs_noncash:downside/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/downside_2027q4_cogs_noncash:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_cogs_noncash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_cogs_noncash:downside/valueNone12.0
/operating_model/cells/downside_2027q4_company_fcf:downside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/downside_2027q4_company_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q4_company_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_company_fcf:downside/formula/refs/0Nonedownside_2027q4_fcf
/operating_model/cells/downside_2027q4_company_fcf:downside/formula/refs/1Nonedownside_2027q4_software
/operating_model/cells/downside_2027q4_company_fcf:downside/idNonedownside_2027q4_company_fcf
/operating_model/cells/downside_2027q4_company_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q4_company_fcf:downside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/downside_2027q4_company_fcf:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_company_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_company_fcf:downside/valueNone-0.5981669349999379
/operating_model/cells/downside_2027q4_da:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_da:downside/caseNonedownside
/operating_model/cells/downside_2027q4_da:downside/idNonedownside_2027q4_da
/operating_model/cells/downside_2027q4_da:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_da:downside/labelNoneDepreciation and amortization
/operating_model/cells/downside_2027q4_da:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_da:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_da:downside/valueNone43.0
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/caseNonedownside
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/formula/refs/1Nonedownside_2027q4_cash_election
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/idNonedownside_2027q4_deferred_cash_stress
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/kindNonederived
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_deferred_cash_stress:downside/valueNone113.98333333333333
/operating_model/cells/downside_2027q4_fcf:downside/basisNoneGeneric historical cash definition.
/operating_model/cells/downside_2027q4_fcf:downside/caseNonedownside
/operating_model/cells/downside_2027q4_fcf:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_fcf:downside/formula/refs/0Nonedownside_2027q4_cfo
/operating_model/cells/downside_2027q4_fcf:downside/formula/refs/1Nonedownside_2027q4_capex
/operating_model/cells/downside_2027q4_fcf:downside/idNonedownside_2027q4_fcf
/operating_model/cells/downside_2027q4_fcf:downside/kindNonederived
/operating_model/cells/downside_2027q4_fcf:downside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/downside_2027q4_fcf:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_fcf:downside/valueNone8.901833065000062
/operating_model/cells/downside_2027q4_funding_cash:downside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/downside_2027q4_funding_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q4_funding_cash:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_funding_cash:downside/formula/refs/0Nonedownside_2027q4_company_fcf
/operating_model/cells/downside_2027q4_funding_cash:downside/formula/refs/1Nonedownside_2027q4_funding_uses
/operating_model/cells/downside_2027q4_funding_cash:downside/idNonedownside_2027q4_funding_cash
/operating_model/cells/downside_2027q4_funding_cash:downside/kindNonederived
/operating_model/cells/downside_2027q4_funding_cash:downside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/downside_2027q4_funding_cash:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_funding_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_funding_cash:downside/valueNone-164.5815002683333
/operating_model/cells/downside_2027q4_funding_uses:downside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/downside_2027q4_funding_uses:downside/caseNonedownside
/operating_model/cells/downside_2027q4_funding_uses:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_funding_uses:downside/formula/refs/0Nonedownside_2027q4_deferred_cash_stress
/operating_model/cells/downside_2027q4_funding_uses:downside/formula/refs/1Nonedownside_2027q4_withholding
/operating_model/cells/downside_2027q4_funding_uses:downside/idNonedownside_2027q4_funding_uses
/operating_model/cells/downside_2027q4_funding_uses:downside/kindNonederived
/operating_model/cells/downside_2027q4_funding_uses:downside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/downside_2027q4_funding_uses:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_funding_uses:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_funding_uses:downside/valueNone163.98333333333335
/operating_model/cells/downside_2027q4_gross_profit:downside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/downside_2027q4_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_2027q4_gross_profit:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_gross_profit:downside/formula/refs/0Nonedownside_2027q4_us_gross
/operating_model/cells/downside_2027q4_gross_profit:downside/formula/refs/1Nonedownside_2027q4_international_gross
/operating_model/cells/downside_2027q4_gross_profit:downside/idNonedownside_2027q4_gross_profit
/operating_model/cells/downside_2027q4_gross_profit:downside/kindNonederived
/operating_model/cells/downside_2027q4_gross_profit:downside/labelNoneGAAP gross profit proxy
/operating_model/cells/downside_2027q4_gross_profit:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_gross_profit:downside/valueNone538.2482252850001
/operating_model/cells/downside_2027q4_integration:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_integration:downside/caseNonedownside
/operating_model/cells/downside_2027q4_integration:downside/idNonedownside_2027q4_integration
/operating_model/cells/downside_2027q4_integration:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_integration:downside/labelNoneCash transaction and integration expense
/operating_model/cells/downside_2027q4_integration:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_integration:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_integration:downside/valueNone5.0
/operating_model/cells/downside_2027q4_international:downside/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/downside_2027q4_international:downside/caseNonedownside
/operating_model/cells/downside_2027q4_international:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_international:downside/formula/refs/0Nonedownside_fy27_international
/operating_model/cells/downside_2027q4_international:downside/formula/refs/1Nonedownside_2027q4_weight
/operating_model/cells/downside_2027q4_international:downside/idNonedownside_2027q4_international
/operating_model/cells/downside_2027q4_international:downside/kindNonederived
/operating_model/cells/downside_2027q4_international:downside/labelNoneRest-of-world revenue
/operating_model/cells/downside_2027q4_international:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_international:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_international:downside/valueNone170.2350405
/operating_model/cells/downside_2027q4_international_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2027q4_international_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q4_international_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_international_gross:downside/formula/refs/0Nonedownside_2027q4_international
/operating_model/cells/downside_2027q4_international_gross:downside/formula/refs/1Nonedownside_2027q4_international_gross_margin
/operating_model/cells/downside_2027q4_international_gross:downside/idNonedownside_2027q4_international_gross
/operating_model/cells/downside_2027q4_international_gross:downside/kindNonederived
/operating_model/cells/downside_2027q4_international_gross:downside/labelNoneGAAP gross profit: international
/operating_model/cells/downside_2027q4_international_gross:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_international_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_international_gross:downside/valueNone86.819870655
/operating_model/cells/downside_2027q4_international_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_international_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q4_international_gross_margin:downside/idNonedownside_2027q4_international_gross_margin
/operating_model/cells/downside_2027q4_international_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_international_gross_margin:downside/labelNoneGAAP gross margin: international
/operating_model/cells/downside_2027q4_international_gross_margin:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_international_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q4_international_gross_margin:downside/valueNone0.51
/operating_model/cells/downside_2027q4_legal_payment:downside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/downside_2027q4_legal_payment:downside/caseNonedownside
/operating_model/cells/downside_2027q4_legal_payment:downside/idNonedownside_2027q4_legal_payment
/operating_model/cells/downside_2027q4_legal_payment:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_legal_payment:downside/labelNonePayment of existing June legal reserve
/operating_model/cells/downside_2027q4_legal_payment:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_legal_payment:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_legal_payment:downside/valueNone0.0
/operating_model/cells/downside_2027q4_net_cash_interest:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_net_cash_interest:downside/caseNonedownside
/operating_model/cells/downside_2027q4_net_cash_interest:downside/idNonedownside_2027q4_net_cash_interest
/operating_model/cells/downside_2027q4_net_cash_interest:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_net_cash_interest:downside/labelNoneNet cash interest income
/operating_model/cells/downside_2027q4_net_cash_interest:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_net_cash_interest:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_net_cash_interest:downside/valueNone3.0
/operating_model/cells/downside_2027q4_net_rebate_payable_use:downside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/downside_2027q4_net_rebate_payable_use:downside/caseNonedownside
/operating_model/cells/downside_2027q4_net_rebate_payable_use:downside/idNonedownside_2027q4_net_rebate_payable_use
/operating_model/cells/downside_2027q4_net_rebate_payable_use:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_net_rebate_payable_use:downside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/downside_2027q4_net_rebate_payable_use:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_net_rebate_payable_use:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_net_rebate_payable_use:downside/valueNone20.0
/operating_model/cells/downside_2027q4_operating_income:downside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/downside_2027q4_operating_income:downside/caseNonedownside
/operating_model/cells/downside_2027q4_operating_income:downside/formula/opNonesubtract
/operating_model/cells/downside_2027q4_operating_income:downside/formula/refs/0Nonedownside_2027q4_adjusted_ebitda
/operating_model/cells/downside_2027q4_operating_income:downside/formula/refs/1Nonedownside_2027q4_adjusted_exclusions
/operating_model/cells/downside_2027q4_operating_income:downside/idNonedownside_2027q4_operating_income
/operating_model/cells/downside_2027q4_operating_income:downside/kindNonederived
/operating_model/cells/downside_2027q4_operating_income:downside/labelNoneGAAP operating income proxy
/operating_model/cells/downside_2027q4_operating_income:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_operating_income:downside/valueNone-41.09816693499994
/operating_model/cells/downside_2027q4_opex_ratio:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_opex_ratio:downside/caseNonedownside
/operating_model/cells/downside_2027q4_opex_ratio:downside/idNonedownside_2027q4_opex_ratio
/operating_model/cells/downside_2027q4_opex_ratio:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_opex_ratio:downside/labelNoneAdjusted cash opex / revenue
/operating_model/cells/downside_2027q4_opex_ratio:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_opex_ratio:downside/unitNoneratio
/operating_model/cells/downside_2027q4_opex_ratio:downside/valueNone0.52
/operating_model/cells/downside_2027q4_ordinary_capex:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_ordinary_capex:downside/caseNonedownside
/operating_model/cells/downside_2027q4_ordinary_capex:downside/idNonedownside_2027q4_ordinary_capex
/operating_model/cells/downside_2027q4_ordinary_capex:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_ordinary_capex:downside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/downside_2027q4_ordinary_capex:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_ordinary_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_ordinary_capex:downside/valueNone35.0
/operating_model/cells/downside_2027q4_peptide_cash:downside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/downside_2027q4_peptide_cash:downside/caseNonedownside
/operating_model/cells/downside_2027q4_peptide_cash:downside/idNonedownside_2027q4_peptide_cash
/operating_model/cells/downside_2027q4_peptide_cash:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_peptide_cash:downside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/downside_2027q4_peptide_cash:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_peptide_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_peptide_cash:downside/valueNone0.0
/operating_model/cells/downside_2027q4_revenue:downside/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/downside_2027q4_revenue:downside/caseNonedownside
/operating_model/cells/downside_2027q4_revenue:downside/formula/opNonesum
/operating_model/cells/downside_2027q4_revenue:downside/formula/refs/0Nonedownside_2027q4_us
/operating_model/cells/downside_2027q4_revenue:downside/formula/refs/1Nonedownside_2027q4_international
/operating_model/cells/downside_2027q4_revenue:downside/idNonedownside_2027q4_revenue
/operating_model/cells/downside_2027q4_revenue:downside/kindNonederived
/operating_model/cells/downside_2027q4_revenue:downside/labelNoneConsolidated revenue
/operating_model/cells/downside_2027q4_revenue:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_revenue:downside/valueNone910.2815235
/operating_model/cells/downside_2027q4_sbc:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_sbc:downside/caseNonedownside
/operating_model/cells/downside_2027q4_sbc:downside/idNonedownside_2027q4_sbc
/operating_model/cells/downside_2027q4_sbc:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_sbc:downside/labelNoneTotal equity compensation expense
/operating_model/cells/downside_2027q4_sbc:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_sbc:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_sbc:downside/valueNone67.0
/operating_model/cells/downside_2027q4_sbc_payroll:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_sbc_payroll:downside/caseNonedownside
/operating_model/cells/downside_2027q4_sbc_payroll:downside/idNonedownside_2027q4_sbc_payroll
/operating_model/cells/downside_2027q4_sbc_payroll:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_sbc_payroll:downside/labelNoneCash employer payroll tax on equity
/operating_model/cells/downside_2027q4_sbc_payroll:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_sbc_payroll:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_sbc_payroll:downside/valueNone3.0
/operating_model/cells/downside_2027q4_software:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_software:downside/caseNonedownside
/operating_model/cells/downside_2027q4_software:downside/idNonedownside_2027q4_software
/operating_model/cells/downside_2027q4_software:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_software:downside/labelNoneCapitalized software cash
/operating_model/cells/downside_2027q4_software:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_software:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_software:downside/valueNone9.5
/operating_model/cells/downside_2027q4_us:downside/basisNoneUS revenue timing assumption.
/operating_model/cells/downside_2027q4_us:downside/caseNonedownside
/operating_model/cells/downside_2027q4_us:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_us:downside/formula/refs/0Nonedownside_fy27_us
/operating_model/cells/downside_2027q4_us:downside/formula/refs/1Nonedownside_2027q4_weight
/operating_model/cells/downside_2027q4_us:downside/idNonedownside_2027q4_us
/operating_model/cells/downside_2027q4_us:downside/kindNonederived
/operating_model/cells/downside_2027q4_us:downside/labelNoneUS revenue
/operating_model/cells/downside_2027q4_us:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_us:downside/valueNone740.0464830000001
/operating_model/cells/downside_2027q4_us_gross:downside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/downside_2027q4_us_gross:downside/caseNonedownside
/operating_model/cells/downside_2027q4_us_gross:downside/formula/opNonemultiply
/operating_model/cells/downside_2027q4_us_gross:downside/formula/refs/0Nonedownside_2027q4_us
/operating_model/cells/downside_2027q4_us_gross:downside/formula/refs/1Nonedownside_2027q4_us_gross_margin
/operating_model/cells/downside_2027q4_us_gross:downside/idNonedownside_2027q4_us_gross
/operating_model/cells/downside_2027q4_us_gross:downside/kindNonederived
/operating_model/cells/downside_2027q4_us_gross:downside/labelNoneGAAP gross profit: us
/operating_model/cells/downside_2027q4_us_gross:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_us_gross:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_us_gross:downside/valueNone451.42835463000006
/operating_model/cells/downside_2027q4_us_gross_margin:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_us_gross_margin:downside/caseNonedownside
/operating_model/cells/downside_2027q4_us_gross_margin:downside/idNonedownside_2027q4_us_gross_margin
/operating_model/cells/downside_2027q4_us_gross_margin:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_us_gross_margin:downside/labelNoneGAAP gross margin: us
/operating_model/cells/downside_2027q4_us_gross_margin:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_us_gross_margin:downside/unitNoneratio
/operating_model/cells/downside_2027q4_us_gross_margin:downside/valueNone0.61
/operating_model/cells/downside_2027q4_weight:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_weight:downside/caseNonedownside
/operating_model/cells/downside_2027q4_weight:downside/idNonedownside_2027q4_weight
/operating_model/cells/downside_2027q4_weight:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_weight:downside/labelNoneAnnual revenue quarter share
/operating_model/cells/downside_2027q4_weight:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_weight:downside/unitNoneratio
/operating_model/cells/downside_2027q4_weight:downside/valueNone0.27
/operating_model/cells/downside_2027q4_withholding:downside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/downside_2027q4_withholding:downside/caseNonedownside
/operating_model/cells/downside_2027q4_withholding:downside/idNonedownside_2027q4_withholding
/operating_model/cells/downside_2027q4_withholding:downside/kindNoneassumption
/operating_model/cells/downside_2027q4_withholding:downside/labelNoneAward tax withholding cash
/operating_model/cells/downside_2027q4_withholding:downside/periodNone2027Q4
/operating_model/cells/downside_2027q4_withholding:downside/unitNoneUSD_millions
/operating_model/cells/downside_2027q4_withholding:downside/valueNone50.0
/operating_model/cells/downside_adjfactor:downside/basisNoneDesk scenario multiplier.
/operating_model/cells/downside_adjfactor:downside/caseNonedownside
/operating_model/cells/downside_adjfactor:downside/idNonedownside_adjfactor
/operating_model/cells/downside_adjfactor:downside/kindNoneassumption
/operating_model/cells/downside_adjfactor:downside/labelNone2026 adjusted EBITDA / guide midpoint
/operating_model/cells/downside_adjfactor:downside/periodNoneFY2026
/operating_model/cells/downside_adjfactor:downside/unitNoneratio
/operating_model/cells/downside_adjfactor:downside/valueNone0.82
/operating_model/cells/downside_delivery:downside/basisNoneDesk scenario multiplier.
/operating_model/cells/downside_delivery:downside/caseNonedownside
/operating_model/cells/downside_delivery:downside/idNonedownside_delivery
/operating_model/cells/downside_delivery:downside/kindNoneassumption
/operating_model/cells/downside_delivery:downside/labelNone2026 sales delivery / guide midpoint
/operating_model/cells/downside_delivery:downside/periodNoneFY2026
/operating_model/cells/downside_delivery:downside/unitNoneratio
/operating_model/cells/downside_delivery:downside/valueNone0.95
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/caseNonedownside
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/formula/refs/0Noneh1_adjusted_ebitda
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/formula/refs/1Nonedownside_2026q3_adjusted_ebitda
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/formula/refs/2Nonedownside_2026q4_adjusted_ebitda
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/idNonedownside_fy2026_adjusted_ebitda
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/kindNonederived
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/labelNoneAdjusted EBITDA ($M)
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_adjusted_ebitda:downside/valueNone246.0
/operating_model/cells/downside_fy2026_capex:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_capex:downside/caseNonedownside
/operating_model/cells/downside_fy2026_capex:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/0Noneh1_capex
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/1Nonedownside_2026q3_capex
/operating_model/cells/downside_fy2026_capex:downside/formula/refs/2Nonedownside_2026q4_capex
/operating_model/cells/downside_fy2026_capex:downside/idNonedownside_fy2026_capex
/operating_model/cells/downside_fy2026_capex:downside/kindNonederived
/operating_model/cells/downside_fy2026_capex:downside/labelNonePP&E and intangible cash purchases ($M)
/operating_model/cells/downside_fy2026_capex:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_capex:downside/valueNone134.77
/operating_model/cells/downside_fy2026_cfo:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_cfo:downside/caseNonedownside
/operating_model/cells/downside_fy2026_cfo:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/0Noneh1_cfo
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/1Nonedownside_2026q3_cfo
/operating_model/cells/downside_fy2026_cfo:downside/formula/refs/2Nonedownside_2026q4_cfo
/operating_model/cells/downside_fy2026_cfo:downside/idNonedownside_fy2026_cfo
/operating_model/cells/downside_fy2026_cfo:downside/kindNonederived
/operating_model/cells/downside_fy2026_cfo:downside/labelNoneOperating cash flow ($M)
/operating_model/cells/downside_fy2026_cfo:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_cfo:downside/valueNone5.313999999999993
/operating_model/cells/downside_fy2026_company_fcf:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_company_fcf:downside/caseNonedownside
/operating_model/cells/downside_fy2026_company_fcf:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_company_fcf:downside/formula/refs/0Noneh1_company_fcf
/operating_model/cells/downside_fy2026_company_fcf:downside/formula/refs/1Nonedownside_2026q3_company_fcf
/operating_model/cells/downside_fy2026_company_fcf:downside/formula/refs/2Nonedownside_2026q4_company_fcf
/operating_model/cells/downside_fy2026_company_fcf:downside/idNonedownside_fy2026_company_fcf
/operating_model/cells/downside_fy2026_company_fcf:downside/kindNonederived
/operating_model/cells/downside_fy2026_company_fcf:downside/labelNoneCFO less PP&E/intangibles/software ($M)
/operating_model/cells/downside_fy2026_company_fcf:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_company_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_company_fcf:downside/valueNone-156.764
/operating_model/cells/downside_fy2026_fcf:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_fcf:downside/caseNonedownside
/operating_model/cells/downside_fy2026_fcf:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_fcf:downside/formula/refs/0Noneh1_fcf
/operating_model/cells/downside_fy2026_fcf:downside/formula/refs/1Nonedownside_2026q3_fcf
/operating_model/cells/downside_fy2026_fcf:downside/formula/refs/2Nonedownside_2026q4_fcf
/operating_model/cells/downside_fy2026_fcf:downside/idNonedownside_fy2026_fcf
/operating_model/cells/downside_fy2026_fcf:downside/kindNonederived
/operating_model/cells/downside_fy2026_fcf:downside/labelNoneCFO less PP&E/intangibles ($M)
/operating_model/cells/downside_fy2026_fcf:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_fcf:downside/valueNone-129.45600000000002
/operating_model/cells/downside_fy2026_funding_cash:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_funding_cash:downside/caseNonedownside
/operating_model/cells/downside_fy2026_funding_cash:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_funding_cash:downside/formula/refs/0Noneh1_funding_cash
/operating_model/cells/downside_fy2026_funding_cash:downside/formula/refs/1Nonedownside_2026q3_funding_cash
/operating_model/cells/downside_fy2026_funding_cash:downside/formula/refs/2Nonedownside_2026q4_funding_cash
/operating_model/cells/downside_fy2026_funding_cash:downside/idNonedownside_fy2026_funding_cash
/operating_model/cells/downside_fy2026_funding_cash:downside/kindNonederived
/operating_model/cells/downside_fy2026_funding_cash:downside/labelNoneCash after acquisition/award funding stress ($M)
/operating_model/cells/downside_fy2026_funding_cash:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_funding_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_funding_cash:downside/valueNone-881.8446666666667
/operating_model/cells/downside_fy2026_gross_profit:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_fy2026_gross_profit:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_gross_profit:downside/formula/refs/0Noneh1_gross_profit
/operating_model/cells/downside_fy2026_gross_profit:downside/formula/refs/1Nonedownside_2026q3_gross_profit
/operating_model/cells/downside_fy2026_gross_profit:downside/formula/refs/2Nonedownside_2026q4_gross_profit
/operating_model/cells/downside_fy2026_gross_profit:downside/idNonedownside_fy2026_gross_profit
/operating_model/cells/downside_fy2026_gross_profit:downside/kindNonederived
/operating_model/cells/downside_fy2026_gross_profit:downside/labelNoneGAAP gross profit proxy ($M)
/operating_model/cells/downside_fy2026_gross_profit:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_gross_profit:downside/valueNone1867.71782
/operating_model/cells/downside_fy2026_international:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_international:downside/caseNonedownside
/operating_model/cells/downside_fy2026_international:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_international:downside/formula/refs/0Noneh1_international
/operating_model/cells/downside_fy2026_international:downside/formula/refs/1Nonedownside_2026q3_international
/operating_model/cells/downside_fy2026_international:downside/formula/refs/2Nonedownside_2026q4_international
/operating_model/cells/downside_fy2026_international:downside/idNonedownside_fy2026_international
/operating_model/cells/downside_fy2026_international:downside/kindNonederived
/operating_model/cells/downside_fy2026_international:downside/labelNoneRest-of-world revenue ($M)
/operating_model/cells/downside_fy2026_international:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_international:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_international:downside/valueNone548.261
/operating_model/cells/downside_fy2026_operating_income:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_operating_income:downside/caseNonedownside
/operating_model/cells/downside_fy2026_operating_income:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/0Noneh1_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/1Nonedownside_2026q3_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/formula/refs/2Nonedownside_2026q4_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/idNonedownside_fy2026_operating_income
/operating_model/cells/downside_fy2026_operating_income:downside/kindNonederived
/operating_model/cells/downside_fy2026_operating_income:downside/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/downside_fy2026_operating_income:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_operating_income:downside/valueNone-234.118
/operating_model/cells/downside_fy2026_revenue:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_revenue:downside/caseNonedownside
/operating_model/cells/downside_fy2026_revenue:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/0Noneh1_revenue
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/1Nonedownside_2026q3_revenue
/operating_model/cells/downside_fy2026_revenue:downside/formula/refs/2Nonedownside_2026q4_revenue
/operating_model/cells/downside_fy2026_revenue:downside/idNonedownside_fy2026_revenue
/operating_model/cells/downside_fy2026_revenue:downside/kindNonederived
/operating_model/cells/downside_fy2026_revenue:downside/labelNoneConsolidated revenue ($M)
/operating_model/cells/downside_fy2026_revenue:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_revenue:downside/valueNone3040.0
/operating_model/cells/downside_fy2026_software:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_software:downside/caseNonedownside
/operating_model/cells/downside_fy2026_software:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_software:downside/formula/refs/0Noneh1_software
/operating_model/cells/downside_fy2026_software:downside/formula/refs/1Nonedownside_2026q3_software
/operating_model/cells/downside_fy2026_software:downside/formula/refs/2Nonedownside_2026q4_software
/operating_model/cells/downside_fy2026_software:downside/idNonedownside_fy2026_software
/operating_model/cells/downside_fy2026_software:downside/kindNonederived
/operating_model/cells/downside_fy2026_software:downside/labelNoneCapitalized software cash ($M)
/operating_model/cells/downside_fy2026_software:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_software:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_software:downside/valueNone27.308
/operating_model/cells/downside_fy2026_us:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2026_us:downside/caseNonedownside
/operating_model/cells/downside_fy2026_us:downside/formula/opNonesum
/operating_model/cells/downside_fy2026_us:downside/formula/refs/0Noneh1_us
/operating_model/cells/downside_fy2026_us:downside/formula/refs/1Nonedownside_2026q3_us
/operating_model/cells/downside_fy2026_us:downside/formula/refs/2Nonedownside_2026q4_us
/operating_model/cells/downside_fy2026_us:downside/idNonedownside_fy2026_us
/operating_model/cells/downside_fy2026_us:downside/kindNonederived
/operating_model/cells/downside_fy2026_us:downside/labelNoneUS revenue ($M)
/operating_model/cells/downside_fy2026_us:downside/periodNoneFY2026
/operating_model/cells/downside_fy2026_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2026_us:downside/valueNone2491.739
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/caseNonedownside
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/formula/refs/0Nonedownside_2027q1_adjusted_ebitda
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/formula/refs/1Nonedownside_2027q2_adjusted_ebitda
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/formula/refs/2Nonedownside_2027q3_adjusted_ebitda
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/formula/refs/3Nonedownside_2027q4_adjusted_ebitda
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/idNonedownside_fy2027_adjusted_ebitda
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/kindNonederived
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/labelNoneAdjusted EBITDA ($M)
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_adjusted_ebitda:downside/valueNone288.37715950000006
/operating_model/cells/downside_fy2027_capex:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_capex:downside/caseNonedownside
/operating_model/cells/downside_fy2027_capex:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/0Nonedownside_2027q1_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/1Nonedownside_2027q2_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/2Nonedownside_2027q3_capex
/operating_model/cells/downside_fy2027_capex:downside/formula/refs/3Nonedownside_2027q4_capex
/operating_model/cells/downside_fy2027_capex:downside/idNonedownside_fy2027_capex
/operating_model/cells/downside_fy2027_capex:downside/kindNonederived
/operating_model/cells/downside_fy2027_capex:downside/labelNonePP&E and intangible cash purchases ($M)
/operating_model/cells/downside_fy2027_capex:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_capex:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_capex:downside/valueNone155.0
/operating_model/cells/downside_fy2027_cfo:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_cfo:downside/caseNonedownside
/operating_model/cells/downside_fy2027_cfo:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/0Nonedownside_2027q1_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/1Nonedownside_2027q2_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/2Nonedownside_2027q3_cfo
/operating_model/cells/downside_fy2027_cfo:downside/formula/refs/3Nonedownside_2027q4_cfo
/operating_model/cells/downside_fy2027_cfo:downside/idNonedownside_fy2027_cfo
/operating_model/cells/downside_fy2027_cfo:downside/kindNonederived
/operating_model/cells/downside_fy2027_cfo:downside/labelNoneOperating cash flow ($M)
/operating_model/cells/downside_fy2027_cfo:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_cfo:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_cfo:downside/valueNone126.37715950000006
/operating_model/cells/downside_fy2027_company_fcf:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_company_fcf:downside/caseNonedownside
/operating_model/cells/downside_fy2027_company_fcf:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_company_fcf:downside/formula/refs/0Nonedownside_2027q1_company_fcf
/operating_model/cells/downside_fy2027_company_fcf:downside/formula/refs/1Nonedownside_2027q2_company_fcf
/operating_model/cells/downside_fy2027_company_fcf:downside/formula/refs/2Nonedownside_2027q3_company_fcf
/operating_model/cells/downside_fy2027_company_fcf:downside/formula/refs/3Nonedownside_2027q4_company_fcf
/operating_model/cells/downside_fy2027_company_fcf:downside/idNonedownside_fy2027_company_fcf
/operating_model/cells/downside_fy2027_company_fcf:downside/kindNonederived
/operating_model/cells/downside_fy2027_company_fcf:downside/labelNoneCFO less PP&E/intangibles/software ($M)
/operating_model/cells/downside_fy2027_company_fcf:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_company_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_company_fcf:downside/valueNone-63.62284049999994
/operating_model/cells/downside_fy2027_fcf:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_fcf:downside/caseNonedownside
/operating_model/cells/downside_fy2027_fcf:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/0Nonedownside_2027q1_fcf
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/1Nonedownside_2027q2_fcf
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/2Nonedownside_2027q3_fcf
/operating_model/cells/downside_fy2027_fcf:downside/formula/refs/3Nonedownside_2027q4_fcf
/operating_model/cells/downside_fy2027_fcf:downside/idNonedownside_fy2027_fcf
/operating_model/cells/downside_fy2027_fcf:downside/kindNonederived
/operating_model/cells/downside_fy2027_fcf:downside/labelNoneCFO less PP&E/intangibles ($M)
/operating_model/cells/downside_fy2027_fcf:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_fcf:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_fcf:downside/valueNone-28.62284049999994
/operating_model/cells/downside_fy2027_funding_cash:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_funding_cash:downside/caseNonedownside
/operating_model/cells/downside_fy2027_funding_cash:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_funding_cash:downside/formula/refs/0Nonedownside_2027q1_funding_cash
/operating_model/cells/downside_fy2027_funding_cash:downside/formula/refs/1Nonedownside_2027q2_funding_cash
/operating_model/cells/downside_fy2027_funding_cash:downside/formula/refs/2Nonedownside_2027q3_funding_cash
/operating_model/cells/downside_fy2027_funding_cash:downside/formula/refs/3Nonedownside_2027q4_funding_cash
/operating_model/cells/downside_fy2027_funding_cash:downside/idNonedownside_fy2027_funding_cash
/operating_model/cells/downside_fy2027_funding_cash:downside/kindNonederived
/operating_model/cells/downside_fy2027_funding_cash:downside/labelNoneCash after acquisition/award funding stress ($M)
/operating_model/cells/downside_fy2027_funding_cash:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_funding_cash:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_funding_cash:downside/valueNone-701.5561738333333
/operating_model/cells/downside_fy2027_gross_profit:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_gross_profit:downside/caseNonedownside
/operating_model/cells/downside_fy2027_gross_profit:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/0Nonedownside_2027q1_gross_profit
/operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/1Nonedownside_2027q2_gross_profit
/operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/2Nonedownside_2027q3_gross_profit
/operating_model/cells/downside_fy2027_gross_profit:downside/formula/refs/3Nonedownside_2027q4_gross_profit
/operating_model/cells/downside_fy2027_gross_profit:downside/idNonedownside_fy2027_gross_profit
/operating_model/cells/downside_fy2027_gross_profit:downside/kindNonederived
/operating_model/cells/downside_fy2027_gross_profit:downside/labelNoneGAAP gross profit proxy ($M)
/operating_model/cells/downside_fy2027_gross_profit:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_gross_profit:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_gross_profit:downside/valueNone1993.5119455000004
/operating_model/cells/downside_fy2027_international:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_international:downside/caseNonedownside
/operating_model/cells/downside_fy2027_international:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_international:downside/formula/refs/0Nonedownside_2027q1_international
/operating_model/cells/downside_fy2027_international:downside/formula/refs/1Nonedownside_2027q2_international
/operating_model/cells/downside_fy2027_international:downside/formula/refs/2Nonedownside_2027q3_international
/operating_model/cells/downside_fy2027_international:downside/formula/refs/3Nonedownside_2027q4_international
/operating_model/cells/downside_fy2027_international:downside/idNonedownside_fy2027_international
/operating_model/cells/downside_fy2027_international:downside/kindNonederived
/operating_model/cells/downside_fy2027_international:downside/labelNoneRest-of-world revenue ($M)
/operating_model/cells/downside_fy2027_international:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_international:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_international:downside/valueNone630.50015
/operating_model/cells/downside_fy2027_operating_income:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_operating_income:downside/caseNonedownside
/operating_model/cells/downside_fy2027_operating_income:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/0Nonedownside_2027q1_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/1Nonedownside_2027q2_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/2Nonedownside_2027q3_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/formula/refs/3Nonedownside_2027q4_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/idNonedownside_fy2027_operating_income
/operating_model/cells/downside_fy2027_operating_income:downside/kindNonederived
/operating_model/cells/downside_fy2027_operating_income:downside/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/downside_fy2027_operating_income:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_operating_income:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_operating_income:downside/valueNone-159.62284049999994
/operating_model/cells/downside_fy2027_revenue:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_revenue:downside/caseNonedownside
/operating_model/cells/downside_fy2027_revenue:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/0Nonedownside_2027q1_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/1Nonedownside_2027q2_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/2Nonedownside_2027q3_revenue
/operating_model/cells/downside_fy2027_revenue:downside/formula/refs/3Nonedownside_2027q4_revenue
/operating_model/cells/downside_fy2027_revenue:downside/idNonedownside_fy2027_revenue
/operating_model/cells/downside_fy2027_revenue:downside/kindNonederived
/operating_model/cells/downside_fy2027_revenue:downside/labelNoneConsolidated revenue ($M)
/operating_model/cells/downside_fy2027_revenue:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_revenue:downside/valueNone3371.41305
/operating_model/cells/downside_fy2027_software:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_software:downside/caseNonedownside
/operating_model/cells/downside_fy2027_software:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_software:downside/formula/refs/0Nonedownside_2027q1_software
/operating_model/cells/downside_fy2027_software:downside/formula/refs/1Nonedownside_2027q2_software
/operating_model/cells/downside_fy2027_software:downside/formula/refs/2Nonedownside_2027q3_software
/operating_model/cells/downside_fy2027_software:downside/formula/refs/3Nonedownside_2027q4_software
/operating_model/cells/downside_fy2027_software:downside/idNonedownside_fy2027_software
/operating_model/cells/downside_fy2027_software:downside/kindNonederived
/operating_model/cells/downside_fy2027_software:downside/labelNoneCapitalized software cash ($M)
/operating_model/cells/downside_fy2027_software:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_software:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_software:downside/valueNone35.0
/operating_model/cells/downside_fy2027_us:downside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/downside_fy2027_us:downside/caseNonedownside
/operating_model/cells/downside_fy2027_us:downside/formula/opNonesum
/operating_model/cells/downside_fy2027_us:downside/formula/refs/0Nonedownside_2027q1_us
/operating_model/cells/downside_fy2027_us:downside/formula/refs/1Nonedownside_2027q2_us
/operating_model/cells/downside_fy2027_us:downside/formula/refs/2Nonedownside_2027q3_us
/operating_model/cells/downside_fy2027_us:downside/formula/refs/3Nonedownside_2027q4_us
/operating_model/cells/downside_fy2027_us:downside/idNonedownside_fy2027_us
/operating_model/cells/downside_fy2027_us:downside/kindNonederived
/operating_model/cells/downside_fy2027_us:downside/labelNoneUS revenue ($M)
/operating_model/cells/downside_fy2027_us:downside/periodNoneFY2027
/operating_model/cells/downside_fy2027_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy2027_us:downside/valueNone2740.9129000000003
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/basisNoneGuidance midpoint times explicit scenario sensitivity.
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/caseNonedownside
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/formula/opNonemultiply
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/formula/refs/0Nonefy26_adjusted_guide
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/formula/refs/1Nonedownside_adjfactor
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/idNonedownside_fy26_adjusted_ebitda_target
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/kindNonederived
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/labelNoneFY2026 adjusted_ebitda
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/periodNoneFY2026
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy26_adjusted_ebitda_target:downside/valueNone245.99999999999997
/operating_model/cells/downside_fy26_international:downside/basisNoneIncludes June Eucalyptus acquisition; not an organic-growth measure.
/operating_model/cells/downside_fy26_international:downside/caseNonedownside
/operating_model/cells/downside_fy26_international:downside/formula/opNonesubtract
/operating_model/cells/downside_fy26_international:downside/formula/refs/0Nonedownside_fy26_revenue_target
/operating_model/cells/downside_fy26_international:downside/formula/refs/1Nonedownside_fy26_us
/operating_model/cells/downside_fy26_international:downside/idNonedownside_fy26_international
/operating_model/cells/downside_fy26_international:downside/kindNonederived
/operating_model/cells/downside_fy26_international:downside/labelNoneFY2026 rest-of-world revenue
/operating_model/cells/downside_fy26_international:downside/periodNoneFY2026
/operating_model/cells/downside_fy26_international:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy26_international:downside/valueNone548.261
/operating_model/cells/downside_fy26_revenue_target:downside/basisNoneGuidance midpoint times explicit scenario sensitivity.
/operating_model/cells/downside_fy26_revenue_target:downside/caseNonedownside
/operating_model/cells/downside_fy26_revenue_target:downside/formula/opNonemultiply
/operating_model/cells/downside_fy26_revenue_target:downside/formula/refs/0Nonefy26_revenue_guide
/operating_model/cells/downside_fy26_revenue_target:downside/formula/refs/1Nonedownside_delivery
/operating_model/cells/downside_fy26_revenue_target:downside/idNonedownside_fy26_revenue_target
/operating_model/cells/downside_fy26_revenue_target:downside/kindNonederived
/operating_model/cells/downside_fy26_revenue_target:downside/labelNoneFY2026 revenue
/operating_model/cells/downside_fy26_revenue_target:downside/periodNoneFY2026
/operating_model/cells/downside_fy26_revenue_target:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy26_revenue_target:downside/valueNone3040.0
/operating_model/cells/downside_fy26_us:downside/basisNoneActual plus forecast US sales.
/operating_model/cells/downside_fy26_us:downside/caseNonedownside
/operating_model/cells/downside_fy26_us:downside/formula/opNonesum
/operating_model/cells/downside_fy26_us:downside/formula/refs/0Noneh1_us
/operating_model/cells/downside_fy26_us:downside/formula/refs/1Nonedownside_h2_us
/operating_model/cells/downside_fy26_us:downside/idNonedownside_fy26_us
/operating_model/cells/downside_fy26_us:downside/kindNonederived
/operating_model/cells/downside_fy26_us:downside/labelNoneFY2026 US revenue
/operating_model/cells/downside_fy26_us:downside/periodNoneFY2026
/operating_model/cells/downside_fy26_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy26_us:downside/valueNone2491.739
/operating_model/cells/downside_fy27_international:downside/basisNoneNo second Eucalyptus revenue added after geographic growth.
/operating_model/cells/downside_fy27_international:downside/caseNonedownside
/operating_model/cells/downside_fy27_international:downside/formula/opNonemultiply
/operating_model/cells/downside_fy27_international:downside/formula/refs/0Nonedownside_fy26_international
/operating_model/cells/downside_fy27_international:downside/formula/refs/1Nonedownside_international_growth
/operating_model/cells/downside_fy27_international:downside/idNonedownside_fy27_international
/operating_model/cells/downside_fy27_international:downside/kindNonederived
/operating_model/cells/downside_fy27_international:downside/labelNoneFY2027 international revenue
/operating_model/cells/downside_fy27_international:downside/periodNoneFY2027
/operating_model/cells/downside_fy27_international:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy27_international:downside/valueNone630.50015
/operating_model/cells/downside_fy27_us:downside/basisNoneNo second Eucalyptus revenue added after geographic growth.
/operating_model/cells/downside_fy27_us:downside/caseNonedownside
/operating_model/cells/downside_fy27_us:downside/formula/opNonemultiply
/operating_model/cells/downside_fy27_us:downside/formula/refs/0Nonedownside_fy26_us
/operating_model/cells/downside_fy27_us:downside/formula/refs/1Nonedownside_us_growth
/operating_model/cells/downside_fy27_us:downside/idNonedownside_fy27_us
/operating_model/cells/downside_fy27_us:downside/kindNonederived
/operating_model/cells/downside_fy27_us:downside/labelNoneFY2027 us revenue
/operating_model/cells/downside_fy27_us:downside/periodNoneFY2027
/operating_model/cells/downside_fy27_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_fy27_us:downside/valueNone2740.9129000000003
/operating_model/cells/downside_h2_adjusted_ebitda:downside/basisNoneFull year less H1 actual.
/operating_model/cells/downside_h2_adjusted_ebitda:downside/caseNonedownside
/operating_model/cells/downside_h2_adjusted_ebitda:downside/formula/opNonesubtract
/operating_model/cells/downside_h2_adjusted_ebitda:downside/formula/refs/0Nonedownside_fy26_adjusted_ebitda_target
/operating_model/cells/downside_h2_adjusted_ebitda:downside/formula/refs/1Noneh1_adjusted_ebitda
/operating_model/cells/downside_h2_adjusted_ebitda:downside/idNonedownside_h2_adjusted_ebitda
/operating_model/cells/downside_h2_adjusted_ebitda:downside/kindNonederived
/operating_model/cells/downside_h2_adjusted_ebitda:downside/labelNoneH2 adjusted_ebitda
/operating_model/cells/downside_h2_adjusted_ebitda:downside/periodNoneH2 2026
/operating_model/cells/downside_h2_adjusted_ebitda:downside/unitNoneUSD_millions
/operating_model/cells/downside_h2_adjusted_ebitda:downside/valueNone141.397
/operating_model/cells/downside_h2_revenue:downside/basisNoneFull year less H1 actual.
/operating_model/cells/downside_h2_revenue:downside/caseNonedownside
/operating_model/cells/downside_h2_revenue:downside/formula/opNonesubtract
/operating_model/cells/downside_h2_revenue:downside/formula/refs/0Nonedownside_fy26_revenue_target
/operating_model/cells/downside_h2_revenue:downside/formula/refs/1Noneh1_revenue
/operating_model/cells/downside_h2_revenue:downside/idNonedownside_h2_revenue
/operating_model/cells/downside_h2_revenue:downside/kindNonederived
/operating_model/cells/downside_h2_revenue:downside/labelNoneH2 revenue
/operating_model/cells/downside_h2_revenue:downside/periodNoneH2 2026
/operating_model/cells/downside_h2_revenue:downside/unitNoneUSD_millions
/operating_model/cells/downside_h2_revenue:downside/valueNone1678.682
/operating_model/cells/downside_h2_us:downside/basisNoneDesk geographic allocation; consolidated guidance does not specify these quarterly US values.
/operating_model/cells/downside_h2_us:downside/caseNonedownside
/operating_model/cells/downside_h2_us:downside/idNonedownside_h2_us
/operating_model/cells/downside_h2_us:downside/kindNoneassumption
/operating_model/cells/downside_h2_us:downside/labelNoneH2 US revenue
/operating_model/cells/downside_h2_us:downside/periodNoneH2 2026
/operating_model/cells/downside_h2_us:downside/unitNoneUSD_millions
/operating_model/cells/downside_h2_us:downside/valueNone1340.0
/operating_model/cells/downside_international_growth:downside/basisNoneDesk annual growth including existing acquired perimeter.
/operating_model/cells/downside_international_growth:downside/caseNonedownside
/operating_model/cells/downside_international_growth:downside/idNonedownside_international_growth
/operating_model/cells/downside_international_growth:downside/kindNoneassumption
/operating_model/cells/downside_international_growth:downside/labelNoneFY2027 international growth multiplier
/operating_model/cells/downside_international_growth:downside/periodNoneFY2027
/operating_model/cells/downside_international_growth:downside/unitNoneratio
/operating_model/cells/downside_international_growth:downside/valueNone1.15
/operating_model/cells/downside_us_growth:downside/basisNoneDesk annual growth including existing acquired perimeter.
/operating_model/cells/downside_us_growth:downside/caseNonedownside
/operating_model/cells/downside_us_growth:downside/idNonedownside_us_growth
/operating_model/cells/downside_us_growth:downside/kindNoneassumption
/operating_model/cells/downside_us_growth:downside/labelNoneFY2027 us growth multiplier
/operating_model/cells/downside_us_growth:downside/periodNoneFY2027
/operating_model/cells/downside_us_growth:downside/unitNoneratio
/operating_model/cells/downside_us_growth:downside/valueNone1.1
/operating_model/cells/earnout_current:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/earnout_current:shared/caseNoneshared
/operating_model/cells/earnout_current:shared/idNoneearnout_current
/operating_model/cells/earnout_current:shared/kindNonereported
/operating_model/cells/earnout_current:shared/labelNoneearnout current
/operating_model/cells/earnout_current:shared/periodNoneJune 2026
/operating_model/cells/earnout_current:shared/source_dateNone2026-08-10
/operating_model/cells/earnout_current:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/earnout_current:shared/unitNoneUSD_millions
/operating_model/cells/earnout_current:shared/valueNone81.364
/operating_model/cells/earnout_liabilities:shared/basisNoneAll-acquisition balance-sheet amounts; not the narrower fair-value subset.
/operating_model/cells/earnout_liabilities:shared/caseNoneshared
/operating_model/cells/earnout_liabilities:shared/formula/opNonesum
/operating_model/cells/earnout_liabilities:shared/formula/refs/0Noneearnout_current
/operating_model/cells/earnout_liabilities:shared/formula/refs/1Noneearnout_long
/operating_model/cells/earnout_liabilities:shared/idNoneearnout_liabilities
/operating_model/cells/earnout_liabilities:shared/kindNonederived
/operating_model/cells/earnout_liabilities:shared/labelNoneCurrent and long-term earnout liabilities
/operating_model/cells/earnout_liabilities:shared/periodNoneJune 2026
/operating_model/cells/earnout_liabilities:shared/unitNoneUSD_millions
/operating_model/cells/earnout_liabilities:shared/valueNone162.964
/operating_model/cells/earnout_long:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/earnout_long:shared/caseNoneshared
/operating_model/cells/earnout_long:shared/idNoneearnout_long
/operating_model/cells/earnout_long:shared/kindNonereported
/operating_model/cells/earnout_long:shared/labelNoneearnout long
/operating_model/cells/earnout_long:shared/periodNoneJune 2026
/operating_model/cells/earnout_long:shared/source_dateNone2026-08-10
/operating_model/cells/earnout_long:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/earnout_long:shared/unitNoneUSD_millions
/operating_model/cells/earnout_long:shared/valueNone81.6
/operating_model/cells/eucalyptus_contingent_fair_value:shared/basisNoneDisclosed transaction/facility amount; not necessarily paid or immediately available cash.
/operating_model/cells/eucalyptus_contingent_fair_value:shared/caseNoneshared
/operating_model/cells/eucalyptus_contingent_fair_value:shared/idNoneeucalyptus_contingent_fair_value
/operating_model/cells/eucalyptus_contingent_fair_value:shared/kindNonereported
/operating_model/cells/eucalyptus_contingent_fair_value:shared/labelNoneeucalyptus contingent fair value
/operating_model/cells/eucalyptus_contingent_fair_value:shared/periodNone2026 transactions
/operating_model/cells/eucalyptus_contingent_fair_value:shared/source_dateNone2026-08-10
/operating_model/cells/eucalyptus_contingent_fair_value:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/eucalyptus_contingent_fair_value:shared/unitNoneUSD_millions
/operating_model/cells/eucalyptus_contingent_fair_value:shared/valueNone59.6
/operating_model/cells/eucalyptus_deferred:shared/basisNoneDisclosed transaction/facility amount; not necessarily paid or immediately available cash.
/operating_model/cells/eucalyptus_deferred:shared/caseNoneshared
/operating_model/cells/eucalyptus_deferred:shared/idNoneeucalyptus_deferred
/operating_model/cells/eucalyptus_deferred:shared/kindNonereported
/operating_model/cells/eucalyptus_deferred:shared/labelNoneeucalyptus deferred
/operating_model/cells/eucalyptus_deferred:shared/periodNone2026 transactions
/operating_model/cells/eucalyptus_deferred:shared/source_dateNone2026-08-10
/operating_model/cells/eucalyptus_deferred:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/eucalyptus_deferred:shared/unitNoneUSD_millions
/operating_model/cells/eucalyptus_deferred:shared/valueNone683.9
/operating_model/cells/eucalyptus_earnout_maximum:shared/basisNoneDisclosed transaction/facility amount; not necessarily paid or immediately available cash.
/operating_model/cells/eucalyptus_earnout_maximum:shared/caseNoneshared
/operating_model/cells/eucalyptus_earnout_maximum:shared/idNoneeucalyptus_earnout_maximum
/operating_model/cells/eucalyptus_earnout_maximum:shared/kindNonereported
/operating_model/cells/eucalyptus_earnout_maximum:shared/labelNoneeucalyptus earnout maximum
/operating_model/cells/eucalyptus_earnout_maximum:shared/periodNone2026 transactions
/operating_model/cells/eucalyptus_earnout_maximum:shared/source_dateNone2026-08-10
/operating_model/cells/eucalyptus_earnout_maximum:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/eucalyptus_earnout_maximum:shared/unitNoneUSD_millions
/operating_model/cells/eucalyptus_earnout_maximum:shared/valueNone96.6
/operating_model/cells/eucalyptus_upfront:shared/basisNoneDisclosed transaction/facility amount; not necessarily paid or immediately available cash.
/operating_model/cells/eucalyptus_upfront:shared/caseNoneshared
/operating_model/cells/eucalyptus_upfront:shared/idNoneeucalyptus_upfront
/operating_model/cells/eucalyptus_upfront:shared/kindNonereported
/operating_model/cells/eucalyptus_upfront:shared/labelNoneeucalyptus upfront
/operating_model/cells/eucalyptus_upfront:shared/periodNone2026 transactions
/operating_model/cells/eucalyptus_upfront:shared/source_dateNone2026-08-10
/operating_model/cells/eucalyptus_upfront:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/eucalyptus_upfront:shared/unitNoneUSD_millions
/operating_model/cells/eucalyptus_upfront:shared/valueNone225.0
/operating_model/cells/fy26_adjusted_guide:shared/basisNoneCalculated midpoint of the company range; not an additional company forecast.
/operating_model/cells/fy26_adjusted_guide:shared/caseNoneshared
/operating_model/cells/fy26_adjusted_guide:shared/formula/opNonedivide
/operating_model/cells/fy26_adjusted_guide:shared/formula/refs/0Nonefy26_adjusted_guide_sum
/operating_model/cells/fy26_adjusted_guide:shared/formula/refs/1Nonetwo
/operating_model/cells/fy26_adjusted_guide:shared/idNonefy26_adjusted_guide
/operating_model/cells/fy26_adjusted_guide:shared/kindNonederived
/operating_model/cells/fy26_adjusted_guide:shared/labelNoneFY2026 adjusted EBITDA outlook midpoint
/operating_model/cells/fy26_adjusted_guide:shared/periodNoneFY2026
/operating_model/cells/fy26_adjusted_guide:shared/unitNoneUSD_millions
/operating_model/cells/fy26_adjusted_guide:shared/valueNone300.0
/operating_model/cells/fy26_adjusted_guide_high:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/fy26_adjusted_guide_high:shared/caseNoneshared
/operating_model/cells/fy26_adjusted_guide_high:shared/idNonefy26_adjusted_guide_high
/operating_model/cells/fy26_adjusted_guide_high:shared/kindNonemanagement_guidance
/operating_model/cells/fy26_adjusted_guide_high:shared/labelNoneFY2026 adjusted EBITDA outlook high
/operating_model/cells/fy26_adjusted_guide_high:shared/periodNoneFY2026
/operating_model/cells/fy26_adjusted_guide_high:shared/source_dateNone2026-08-10
/operating_model/cells/fy26_adjusted_guide_high:shared/source_urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Health-Inc--Reports-Second-Quarter-2026-Financial-Results/default.aspx
/operating_model/cells/fy26_adjusted_guide_high:shared/unitNoneUSD_millions
/operating_model/cells/fy26_adjusted_guide_high:shared/valueNone325.0
/operating_model/cells/fy26_adjusted_guide_low:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/fy26_adjusted_guide_low:shared/caseNoneshared
/operating_model/cells/fy26_adjusted_guide_low:shared/idNonefy26_adjusted_guide_low
/operating_model/cells/fy26_adjusted_guide_low:shared/kindNonemanagement_guidance
/operating_model/cells/fy26_adjusted_guide_low:shared/labelNoneFY2026 adjusted EBITDA outlook low
/operating_model/cells/fy26_adjusted_guide_low:shared/periodNoneFY2026
/operating_model/cells/fy26_adjusted_guide_low:shared/source_dateNone2026-08-10
/operating_model/cells/fy26_adjusted_guide_low:shared/source_urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Health-Inc--Reports-Second-Quarter-2026-Financial-Results/default.aspx
/operating_model/cells/fy26_adjusted_guide_low:shared/unitNoneUSD_millions
/operating_model/cells/fy26_adjusted_guide_low:shared/valueNone275.0
/operating_model/cells/fy26_adjusted_guide_sum:shared/basisNoneArithmetic intermediate.
/operating_model/cells/fy26_adjusted_guide_sum:shared/caseNoneshared
/operating_model/cells/fy26_adjusted_guide_sum:shared/formula/opNonesum
/operating_model/cells/fy26_adjusted_guide_sum:shared/formula/refs/0Nonefy26_adjusted_guide_low
/operating_model/cells/fy26_adjusted_guide_sum:shared/formula/refs/1Nonefy26_adjusted_guide_high
/operating_model/cells/fy26_adjusted_guide_sum:shared/idNonefy26_adjusted_guide_sum
/operating_model/cells/fy26_adjusted_guide_sum:shared/kindNonederived
/operating_model/cells/fy26_adjusted_guide_sum:shared/labelNoneFY2026 adjusted EBITDA outlook endpoint sum
/operating_model/cells/fy26_adjusted_guide_sum:shared/periodNoneFY2026
/operating_model/cells/fy26_adjusted_guide_sum:shared/unitNoneUSD_millions
/operating_model/cells/fy26_adjusted_guide_sum:shared/valueNone600.0
/operating_model/cells/fy26_revenue_guide:shared/basisNoneCalculated midpoint of the company range; not an additional company forecast.
/operating_model/cells/fy26_revenue_guide:shared/caseNoneshared
/operating_model/cells/fy26_revenue_guide:shared/formula/opNonedivide
/operating_model/cells/fy26_revenue_guide:shared/formula/refs/0Nonefy26_revenue_guide_sum
/operating_model/cells/fy26_revenue_guide:shared/formula/refs/1Nonetwo
/operating_model/cells/fy26_revenue_guide:shared/idNonefy26_revenue_guide
/operating_model/cells/fy26_revenue_guide:shared/kindNonederived
/operating_model/cells/fy26_revenue_guide:shared/labelNoneFY2026 revenue outlook midpoint
/operating_model/cells/fy26_revenue_guide:shared/periodNoneFY2026
/operating_model/cells/fy26_revenue_guide:shared/unitNoneUSD_millions
/operating_model/cells/fy26_revenue_guide:shared/valueNone3200.0
/operating_model/cells/fy26_revenue_guide_high:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/fy26_revenue_guide_high:shared/caseNoneshared
/operating_model/cells/fy26_revenue_guide_high:shared/idNonefy26_revenue_guide_high
/operating_model/cells/fy26_revenue_guide_high:shared/kindNonemanagement_guidance
/operating_model/cells/fy26_revenue_guide_high:shared/labelNoneFY2026 revenue outlook high
/operating_model/cells/fy26_revenue_guide_high:shared/periodNoneFY2026
/operating_model/cells/fy26_revenue_guide_high:shared/source_dateNone2026-08-10
/operating_model/cells/fy26_revenue_guide_high:shared/source_urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Health-Inc--Reports-Second-Quarter-2026-Financial-Results/default.aspx
/operating_model/cells/fy26_revenue_guide_high:shared/unitNoneUSD_millions
/operating_model/cells/fy26_revenue_guide_high:shared/valueNone3300.0
/operating_model/cells/fy26_revenue_guide_low:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/fy26_revenue_guide_low:shared/caseNoneshared
/operating_model/cells/fy26_revenue_guide_low:shared/idNonefy26_revenue_guide_low
/operating_model/cells/fy26_revenue_guide_low:shared/kindNonemanagement_guidance
/operating_model/cells/fy26_revenue_guide_low:shared/labelNoneFY2026 revenue outlook low
/operating_model/cells/fy26_revenue_guide_low:shared/periodNoneFY2026
/operating_model/cells/fy26_revenue_guide_low:shared/source_dateNone2026-08-10
/operating_model/cells/fy26_revenue_guide_low:shared/source_urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Health-Inc--Reports-Second-Quarter-2026-Financial-Results/default.aspx
/operating_model/cells/fy26_revenue_guide_low:shared/unitNoneUSD_millions
/operating_model/cells/fy26_revenue_guide_low:shared/valueNone3100.0
/operating_model/cells/fy26_revenue_guide_sum:shared/basisNoneArithmetic intermediate.
/operating_model/cells/fy26_revenue_guide_sum:shared/caseNoneshared
/operating_model/cells/fy26_revenue_guide_sum:shared/formula/opNonesum
/operating_model/cells/fy26_revenue_guide_sum:shared/formula/refs/0Nonefy26_revenue_guide_low
/operating_model/cells/fy26_revenue_guide_sum:shared/formula/refs/1Nonefy26_revenue_guide_high
/operating_model/cells/fy26_revenue_guide_sum:shared/idNonefy26_revenue_guide_sum
/operating_model/cells/fy26_revenue_guide_sum:shared/kindNonederived
/operating_model/cells/fy26_revenue_guide_sum:shared/labelNoneFY2026 revenue outlook endpoint sum
/operating_model/cells/fy26_revenue_guide_sum:shared/periodNoneFY2026
/operating_model/cells/fy26_revenue_guide_sum:shared/unitNoneUSD_millions
/operating_model/cells/fy26_revenue_guide_sum:shared/valueNone6400.0
/operating_model/cells/h1_acquisition_cash:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_acquisition_cash:shared/caseNoneshared
/operating_model/cells/h1_acquisition_cash:shared/idNoneh1_acquisition_cash
/operating_model/cells/h1_acquisition_cash:shared/kindNonereported
/operating_model/cells/h1_acquisition_cash:shared/labelNoneH1 acquisition cash
/operating_model/cells/h1_acquisition_cash:shared/periodNoneH1 2026
/operating_model/cells/h1_acquisition_cash:shared/source_dateNone2026-08-10
/operating_model/cells/h1_acquisition_cash:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_acquisition_cash:shared/unitNoneUSD_millions
/operating_model/cells/h1_acquisition_cash:shared/valueNone318.108
/operating_model/cells/h1_adjusted_ebitda:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_adjusted_ebitda:shared/caseNoneshared
/operating_model/cells/h1_adjusted_ebitda:shared/idNoneh1_adjusted_ebitda
/operating_model/cells/h1_adjusted_ebitda:shared/kindNonereported
/operating_model/cells/h1_adjusted_ebitda:shared/labelNoneH1 adjusted ebitda
/operating_model/cells/h1_adjusted_ebitda:shared/periodNoneH1 2026
/operating_model/cells/h1_adjusted_ebitda:shared/source_dateNone2026-08-10
/operating_model/cells/h1_adjusted_ebitda:shared/source_urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Health-Inc--Reports-Second-Quarter-2026-Financial-Results/default.aspx
/operating_model/cells/h1_adjusted_ebitda:shared/unitNoneUSD_millions
/operating_model/cells/h1_adjusted_ebitda:shared/valueNone104.603
/operating_model/cells/h1_capex:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_capex:shared/caseNoneshared
/operating_model/cells/h1_capex:shared/idNoneh1_capex
/operating_model/cells/h1_capex:shared/kindNonereported
/operating_model/cells/h1_capex:shared/labelNoneH1 capex
/operating_model/cells/h1_capex:shared/periodNoneH1 2026
/operating_model/cells/h1_capex:shared/source_dateNone2026-08-10
/operating_model/cells/h1_capex:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_capex:shared/unitNoneUSD_millions
/operating_model/cells/h1_capex:shared/valueNone55.77
/operating_model/cells/h1_capital_uses:shared/basisNoneOperating earnout cash of $7.058M is already included in CFO and is not deducted twice.
/operating_model/cells/h1_capital_uses:shared/caseNoneshared
/operating_model/cells/h1_capital_uses:shared/formula/opNonesum
/operating_model/cells/h1_capital_uses:shared/formula/refs/0Noneh1_withholding
/operating_model/cells/h1_capital_uses:shared/formula/refs/1Noneh1_acquisition_cash
/operating_model/cells/h1_capital_uses:shared/formula/refs/2Noneh1_financing_earnout
/operating_model/cells/h1_capital_uses:shared/idNoneh1_capital_uses
/operating_model/cells/h1_capital_uses:shared/kindNonederived
/operating_model/cells/h1_capital_uses:shared/labelNoneH1 acquisition and award capital cash
/operating_model/cells/h1_capital_uses:shared/periodNoneH1 2026
/operating_model/cells/h1_capital_uses:shared/unitNoneUSD_millions
/operating_model/cells/h1_capital_uses:shared/valueNone424.11400000000003
/operating_model/cells/h1_cfo:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_cfo:shared/caseNoneshared
/operating_model/cells/h1_cfo:shared/idNoneh1_cfo
/operating_model/cells/h1_cfo:shared/kindNonereported
/operating_model/cells/h1_cfo:shared/labelNoneH1 cfo
/operating_model/cells/h1_cfo:shared/periodNoneH1 2026
/operating_model/cells/h1_cfo:shared/source_dateNone2026-08-10
/operating_model/cells/h1_cfo:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_cfo:shared/unitNoneUSD_millions
/operating_model/cells/h1_cfo:shared/valueNone53.417
/operating_model/cells/h1_company_fcf:shared/basisNoneIncludes capitalized software; no adjustment for ordinary equity tax withholding.
/operating_model/cells/h1_company_fcf:shared/caseNoneshared
/operating_model/cells/h1_company_fcf:shared/formula/opNonesubtract
/operating_model/cells/h1_company_fcf:shared/formula/refs/0Noneh1_fcf
/operating_model/cells/h1_company_fcf:shared/formula/refs/1Noneh1_software
/operating_model/cells/h1_company_fcf:shared/idNoneh1_company_fcf
/operating_model/cells/h1_company_fcf:shared/kindNonederived
/operating_model/cells/h1_company_fcf:shared/labelNoneH1 company FCF
/operating_model/cells/h1_company_fcf:shared/periodNoneH1 2026
/operating_model/cells/h1_company_fcf:shared/unitNoneUSD_millions
/operating_model/cells/h1_company_fcf:shared/valueNone-15.161000000000001
/operating_model/cells/h1_da:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_da:shared/caseNoneshared
/operating_model/cells/h1_da:shared/idNoneh1_da
/operating_model/cells/h1_da:shared/kindNonereported
/operating_model/cells/h1_da:shared/labelNoneH1 da
/operating_model/cells/h1_da:shared/periodNoneH1 2026
/operating_model/cells/h1_da:shared/source_dateNone2026-08-10
/operating_model/cells/h1_da:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_da:shared/unitNoneUSD_millions
/operating_model/cells/h1_da:shared/valueNone51.43
/operating_model/cells/h1_fcf:shared/basisNoneGeneric historical PP&E/intangible cash scope.
/operating_model/cells/h1_fcf:shared/caseNoneshared
/operating_model/cells/h1_fcf:shared/formula/opNonesubtract
/operating_model/cells/h1_fcf:shared/formula/refs/0Noneh1_cfo
/operating_model/cells/h1_fcf:shared/formula/refs/1Noneh1_capex
/operating_model/cells/h1_fcf:shared/idNoneh1_fcf
/operating_model/cells/h1_fcf:shared/kindNonederived
/operating_model/cells/h1_fcf:shared/labelNoneH1 cash after PP&E/intangibles
/operating_model/cells/h1_fcf:shared/periodNoneH1 2026
/operating_model/cells/h1_fcf:shared/unitNoneUSD_millions
/operating_model/cells/h1_fcf:shared/valueNone-2.3530000000000015
/operating_model/cells/h1_financing_earnout:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_financing_earnout:shared/caseNoneshared
/operating_model/cells/h1_financing_earnout:shared/idNoneh1_financing_earnout
/operating_model/cells/h1_financing_earnout:shared/kindNonereported
/operating_model/cells/h1_financing_earnout:shared/labelNoneH1 financing earnout
/operating_model/cells/h1_financing_earnout:shared/periodNoneH1 2026
/operating_model/cells/h1_financing_earnout:shared/source_dateNone2026-08-10
/operating_model/cells/h1_financing_earnout:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_financing_earnout:shared/unitNoneUSD_millions
/operating_model/cells/h1_financing_earnout:shared/valueNone43.682
/operating_model/cells/h1_funding_cash:shared/basisNoneHistorical capital uses; forecast column is an explicit Eucalyptus cash-payment sensitivity, not total cash movement.
/operating_model/cells/h1_funding_cash:shared/caseNoneshared
/operating_model/cells/h1_funding_cash:shared/formula/opNonesubtract
/operating_model/cells/h1_funding_cash:shared/formula/refs/0Noneh1_company_fcf
/operating_model/cells/h1_funding_cash:shared/formula/refs/1Noneh1_capital_uses
/operating_model/cells/h1_funding_cash:shared/idNoneh1_funding_cash
/operating_model/cells/h1_funding_cash:shared/kindNonederived
/operating_model/cells/h1_funding_cash:shared/labelNoneH1 cash after acquisition and awards
/operating_model/cells/h1_funding_cash:shared/periodNoneH1 2026
/operating_model/cells/h1_funding_cash:shared/unitNoneUSD_millions
/operating_model/cells/h1_funding_cash:shared/valueNone-439.27500000000003
/operating_model/cells/h1_gross_profit:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_gross_profit:shared/caseNoneshared
/operating_model/cells/h1_gross_profit:shared/idNoneh1_gross_profit
/operating_model/cells/h1_gross_profit:shared/kindNonereported
/operating_model/cells/h1_gross_profit:shared/labelNoneH1 gross profit
/operating_model/cells/h1_gross_profit:shared/periodNoneH1 2026
/operating_model/cells/h1_gross_profit:shared/source_dateNone2026-08-10
/operating_model/cells/h1_gross_profit:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_gross_profit:shared/unitNoneUSD_millions
/operating_model/cells/h1_gross_profit:shared/valueNone877.59
/operating_model/cells/h1_international:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_international:shared/caseNoneshared
/operating_model/cells/h1_international:shared/idNoneh1_international
/operating_model/cells/h1_international:shared/kindNonereported
/operating_model/cells/h1_international:shared/labelNoneH1 international
/operating_model/cells/h1_international:shared/periodNoneH1 2026
/operating_model/cells/h1_international:shared/source_dateNone2026-08-10
/operating_model/cells/h1_international:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_international:shared/unitNoneUSD_millions
/operating_model/cells/h1_international:shared/valueNone209.579
/operating_model/cells/h1_legal_expense:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_legal_expense:shared/caseNoneshared
/operating_model/cells/h1_legal_expense:shared/idNoneh1_legal_expense
/operating_model/cells/h1_legal_expense:shared/kindNonereported
/operating_model/cells/h1_legal_expense:shared/labelNoneH1 legal expense
/operating_model/cells/h1_legal_expense:shared/periodNoneH1 2026
/operating_model/cells/h1_legal_expense:shared/source_dateNone2026-08-10
/operating_model/cells/h1_legal_expense:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_legal_expense:shared/unitNoneUSD_millions
/operating_model/cells/h1_legal_expense:shared/valueNone62.5
/operating_model/cells/h1_net_ar_ap_use:shared/basisNonePartial working-capital reconciliation, not the entire CFO bridge.
/operating_model/cells/h1_net_ar_ap_use:shared/caseNoneshared
/operating_model/cells/h1_net_ar_ap_use:shared/formula/opNonesubtract
/operating_model/cells/h1_net_ar_ap_use:shared/formula/refs/0Noneh1_receivables_use
/operating_model/cells/h1_net_ar_ap_use:shared/formula/refs/1Noneh1_payables_source
/operating_model/cells/h1_net_ar_ap_use:shared/idNoneh1_net_ar_ap_use
/operating_model/cells/h1_net_ar_ap_use:shared/kindNonederived
/operating_model/cells/h1_net_ar_ap_use:shared/labelNoneH1 receivable use less payable funding
/operating_model/cells/h1_net_ar_ap_use:shared/periodNoneH1 2026
/operating_model/cells/h1_net_ar_ap_use:shared/unitNoneUSD_millions
/operating_model/cells/h1_net_ar_ap_use:shared/valueNone5.192000000000007
/operating_model/cells/h1_operating_earnout:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_operating_earnout:shared/caseNoneshared
/operating_model/cells/h1_operating_earnout:shared/idNoneh1_operating_earnout
/operating_model/cells/h1_operating_earnout:shared/kindNonereported
/operating_model/cells/h1_operating_earnout:shared/labelNoneH1 operating earnout
/operating_model/cells/h1_operating_earnout:shared/periodNoneH1 2026
/operating_model/cells/h1_operating_earnout:shared/source_dateNone2026-08-10
/operating_model/cells/h1_operating_earnout:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_operating_earnout:shared/unitNoneUSD_millions
/operating_model/cells/h1_operating_earnout:shared/valueNone7.058
/operating_model/cells/h1_operating_income:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_operating_income:shared/caseNoneshared
/operating_model/cells/h1_operating_income:shared/idNoneh1_operating_income
/operating_model/cells/h1_operating_income:shared/kindNonereported
/operating_model/cells/h1_operating_income:shared/labelNoneH1 operating income
/operating_model/cells/h1_operating_income:shared/periodNoneH1 2026
/operating_model/cells/h1_operating_income:shared/source_dateNone2026-08-10
/operating_model/cells/h1_operating_income:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_operating_income:shared/unitNoneUSD_millions
/operating_model/cells/h1_operating_income:shared/valueNone-175.515
/operating_model/cells/h1_payables_source:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_payables_source:shared/caseNoneshared
/operating_model/cells/h1_payables_source:shared/idNoneh1_payables_source
/operating_model/cells/h1_payables_source:shared/kindNonereported
/operating_model/cells/h1_payables_source:shared/labelNoneH1 payables source
/operating_model/cells/h1_payables_source:shared/periodNoneH1 2026
/operating_model/cells/h1_payables_source:shared/source_dateNone2026-08-10
/operating_model/cells/h1_payables_source:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_payables_source:shared/unitNoneUSD_millions
/operating_model/cells/h1_payables_source:shared/valueNone323.795
/operating_model/cells/h1_receivables_use:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_receivables_use:shared/caseNoneshared
/operating_model/cells/h1_receivables_use:shared/idNoneh1_receivables_use
/operating_model/cells/h1_receivables_use:shared/kindNonereported
/operating_model/cells/h1_receivables_use:shared/labelNoneH1 receivables use
/operating_model/cells/h1_receivables_use:shared/periodNoneH1 2026
/operating_model/cells/h1_receivables_use:shared/source_dateNone2026-08-10
/operating_model/cells/h1_receivables_use:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_receivables_use:shared/unitNoneUSD_millions
/operating_model/cells/h1_receivables_use:shared/valueNone328.987
/operating_model/cells/h1_revenue:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_revenue:shared/caseNoneshared
/operating_model/cells/h1_revenue:shared/idNoneh1_revenue
/operating_model/cells/h1_revenue:shared/kindNonereported
/operating_model/cells/h1_revenue:shared/labelNoneH1 revenue
/operating_model/cells/h1_revenue:shared/periodNoneH1 2026
/operating_model/cells/h1_revenue:shared/source_dateNone2026-08-10
/operating_model/cells/h1_revenue:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_revenue:shared/unitNoneUSD_millions
/operating_model/cells/h1_revenue:shared/valueNone1361.318
/operating_model/cells/h1_sbc:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_sbc:shared/caseNoneshared
/operating_model/cells/h1_sbc:shared/idNoneh1_sbc
/operating_model/cells/h1_sbc:shared/kindNonereported
/operating_model/cells/h1_sbc:shared/labelNoneH1 sbc
/operating_model/cells/h1_sbc:shared/periodNoneH1 2026
/operating_model/cells/h1_sbc:shared/source_dateNone2026-08-10
/operating_model/cells/h1_sbc:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_sbc:shared/unitNoneUSD_millions
/operating_model/cells/h1_sbc:shared/valueNone78.978
/operating_model/cells/h1_software:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_software:shared/caseNoneshared
/operating_model/cells/h1_software:shared/idNoneh1_software
/operating_model/cells/h1_software:shared/kindNonereported
/operating_model/cells/h1_software:shared/labelNoneH1 software
/operating_model/cells/h1_software:shared/periodNoneH1 2026
/operating_model/cells/h1_software:shared/source_dateNone2026-08-10
/operating_model/cells/h1_software:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_software:shared/unitNoneUSD_millions
/operating_model/cells/h1_software:shared/valueNone12.808
/operating_model/cells/h1_us:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_us:shared/caseNoneshared
/operating_model/cells/h1_us:shared/idNoneh1_us
/operating_model/cells/h1_us:shared/kindNonereported
/operating_model/cells/h1_us:shared/labelNoneH1 us
/operating_model/cells/h1_us:shared/periodNoneH1 2026
/operating_model/cells/h1_us:shared/source_dateNone2026-08-10
/operating_model/cells/h1_us:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_us:shared/unitNoneUSD_millions
/operating_model/cells/h1_us:shared/valueNone1151.739
/operating_model/cells/h1_withholding:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/h1_withholding:shared/caseNoneshared
/operating_model/cells/h1_withholding:shared/idNoneh1_withholding
/operating_model/cells/h1_withholding:shared/kindNonereported
/operating_model/cells/h1_withholding:shared/labelNoneH1 withholding
/operating_model/cells/h1_withholding:shared/periodNoneH1 2026
/operating_model/cells/h1_withholding:shared/source_dateNone2026-08-10
/operating_model/cells/h1_withholding:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/h1_withholding:shared/unitNoneUSD_millions
/operating_model/cells/h1_withholding:shared/valueNone62.324
/operating_model/cells/legal_reserve:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/legal_reserve:shared/caseNoneshared
/operating_model/cells/legal_reserve:shared/idNonelegal_reserve
/operating_model/cells/legal_reserve:shared/kindNonereported
/operating_model/cells/legal_reserve:shared/labelNonelegal reserve
/operating_model/cells/legal_reserve:shared/periodNoneJune 2026
/operating_model/cells/legal_reserve:shared/source_dateNone2026-08-10
/operating_model/cells/legal_reserve:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/legal_reserve:shared/unitNoneUSD_millions
/operating_model/cells/legal_reserve:shared/valueNone62.5
/operating_model/cells/liquidity:shared/basisNoneExcludes prospective financing and the uncommitted rebate facility.
/operating_model/cells/liquidity:shared/caseNoneshared
/operating_model/cells/liquidity:shared/formula/opNonesum
/operating_model/cells/liquidity:shared/formula/refs/0Nonecash
/operating_model/cells/liquidity:shared/formula/refs/1Noneshort_term_investments
/operating_model/cells/liquidity:shared/idNoneliquidity
/operating_model/cells/liquidity:shared/kindNonederived
/operating_model/cells/liquidity:shared/labelNoneCash and short-term investments
/operating_model/cells/liquidity:shared/periodNoneJune 2026
/operating_model/cells/liquidity:shared/unitNoneUSD_millions
/operating_model/cells/liquidity:shared/valueNone841.048
/operating_model/cells/peptide_milestone_maximum:shared/basisNoneDisclosed transaction/facility amount; not necessarily paid or immediately available cash.
/operating_model/cells/peptide_milestone_maximum:shared/caseNoneshared
/operating_model/cells/peptide_milestone_maximum:shared/idNonepeptide_milestone_maximum
/operating_model/cells/peptide_milestone_maximum:shared/kindNonereported
/operating_model/cells/peptide_milestone_maximum:shared/labelNonepeptide milestone maximum
/operating_model/cells/peptide_milestone_maximum:shared/periodNone2026 transactions
/operating_model/cells/peptide_milestone_maximum:shared/source_dateNone2026-08-10
/operating_model/cells/peptide_milestone_maximum:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/peptide_milestone_maximum:shared/unitNoneUSD_millions
/operating_model/cells/peptide_milestone_maximum:shared/valueNone30.0
/operating_model/cells/q3_adjusted_guide:shared/basisNoneCalculated midpoint of the company range; not an additional company forecast.
/operating_model/cells/q3_adjusted_guide:shared/caseNoneshared
/operating_model/cells/q3_adjusted_guide:shared/formula/opNonedivide
/operating_model/cells/q3_adjusted_guide:shared/formula/refs/0Noneq3_adjusted_guide_sum
/operating_model/cells/q3_adjusted_guide:shared/formula/refs/1Nonetwo
/operating_model/cells/q3_adjusted_guide:shared/idNoneq3_adjusted_guide
/operating_model/cells/q3_adjusted_guide:shared/kindNonederived
/operating_model/cells/q3_adjusted_guide:shared/labelNoneQ3 adjusted EBITDA outlook midpoint
/operating_model/cells/q3_adjusted_guide:shared/periodNone2026Q3
/operating_model/cells/q3_adjusted_guide:shared/unitNoneUSD_millions
/operating_model/cells/q3_adjusted_guide:shared/valueNone85.0
/operating_model/cells/q3_adjusted_guide_high:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/q3_adjusted_guide_high:shared/caseNoneshared
/operating_model/cells/q3_adjusted_guide_high:shared/idNoneq3_adjusted_guide_high
/operating_model/cells/q3_adjusted_guide_high:shared/kindNonemanagement_guidance
/operating_model/cells/q3_adjusted_guide_high:shared/labelNoneQ3 adjusted EBITDA outlook high
/operating_model/cells/q3_adjusted_guide_high:shared/periodNone2026Q3
/operating_model/cells/q3_adjusted_guide_high:shared/source_dateNone2026-08-10
/operating_model/cells/q3_adjusted_guide_high:shared/source_urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Health-Inc--Reports-Second-Quarter-2026-Financial-Results/default.aspx
/operating_model/cells/q3_adjusted_guide_high:shared/unitNoneUSD_millions
/operating_model/cells/q3_adjusted_guide_high:shared/valueNone95.0
/operating_model/cells/q3_adjusted_guide_low:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/q3_adjusted_guide_low:shared/caseNoneshared
/operating_model/cells/q3_adjusted_guide_low:shared/idNoneq3_adjusted_guide_low
/operating_model/cells/q3_adjusted_guide_low:shared/kindNonemanagement_guidance
/operating_model/cells/q3_adjusted_guide_low:shared/labelNoneQ3 adjusted EBITDA outlook low
/operating_model/cells/q3_adjusted_guide_low:shared/periodNone2026Q3
/operating_model/cells/q3_adjusted_guide_low:shared/source_dateNone2026-08-10
/operating_model/cells/q3_adjusted_guide_low:shared/source_urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Health-Inc--Reports-Second-Quarter-2026-Financial-Results/default.aspx
/operating_model/cells/q3_adjusted_guide_low:shared/unitNoneUSD_millions
/operating_model/cells/q3_adjusted_guide_low:shared/valueNone75.0
/operating_model/cells/q3_adjusted_guide_sum:shared/basisNoneArithmetic intermediate.
/operating_model/cells/q3_adjusted_guide_sum:shared/caseNoneshared
/operating_model/cells/q3_adjusted_guide_sum:shared/formula/opNonesum
/operating_model/cells/q3_adjusted_guide_sum:shared/formula/refs/0Noneq3_adjusted_guide_low
/operating_model/cells/q3_adjusted_guide_sum:shared/formula/refs/1Noneq3_adjusted_guide_high
/operating_model/cells/q3_adjusted_guide_sum:shared/idNoneq3_adjusted_guide_sum
/operating_model/cells/q3_adjusted_guide_sum:shared/kindNonederived
/operating_model/cells/q3_adjusted_guide_sum:shared/labelNoneQ3 adjusted EBITDA outlook endpoint sum
/operating_model/cells/q3_adjusted_guide_sum:shared/periodNone2026Q3
/operating_model/cells/q3_adjusted_guide_sum:shared/unitNoneUSD_millions
/operating_model/cells/q3_adjusted_guide_sum:shared/valueNone170.0
/operating_model/cells/q3_revenue_guide:shared/basisNoneCalculated midpoint of the company range; not an additional company forecast.
/operating_model/cells/q3_revenue_guide:shared/caseNoneshared
/operating_model/cells/q3_revenue_guide:shared/formula/opNonedivide
/operating_model/cells/q3_revenue_guide:shared/formula/refs/0Noneq3_revenue_guide_sum
/operating_model/cells/q3_revenue_guide:shared/formula/refs/1Nonetwo
/operating_model/cells/q3_revenue_guide:shared/idNoneq3_revenue_guide
/operating_model/cells/q3_revenue_guide:shared/kindNonederived
/operating_model/cells/q3_revenue_guide:shared/labelNoneQ3 revenue outlook midpoint
/operating_model/cells/q3_revenue_guide:shared/periodNone2026Q3
/operating_model/cells/q3_revenue_guide:shared/unitNoneUSD_millions
/operating_model/cells/q3_revenue_guide:shared/valueNone890.0
/operating_model/cells/q3_revenue_guide_high:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/q3_revenue_guide_high:shared/caseNoneshared
/operating_model/cells/q3_revenue_guide_high:shared/idNoneq3_revenue_guide_high
/operating_model/cells/q3_revenue_guide_high:shared/kindNonemanagement_guidance
/operating_model/cells/q3_revenue_guide_high:shared/labelNoneQ3 revenue outlook high
/operating_model/cells/q3_revenue_guide_high:shared/periodNone2026Q3
/operating_model/cells/q3_revenue_guide_high:shared/source_dateNone2026-08-10
/operating_model/cells/q3_revenue_guide_high:shared/source_urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Health-Inc--Reports-Second-Quarter-2026-Financial-Results/default.aspx
/operating_model/cells/q3_revenue_guide_high:shared/unitNoneUSD_millions
/operating_model/cells/q3_revenue_guide_high:shared/valueNone900.0
/operating_model/cells/q3_revenue_guide_low:shared/basisNoneCompany guidance; not a desk forecast.
/operating_model/cells/q3_revenue_guide_low:shared/caseNoneshared
/operating_model/cells/q3_revenue_guide_low:shared/idNoneq3_revenue_guide_low
/operating_model/cells/q3_revenue_guide_low:shared/kindNonemanagement_guidance
/operating_model/cells/q3_revenue_guide_low:shared/labelNoneQ3 revenue outlook low
/operating_model/cells/q3_revenue_guide_low:shared/periodNone2026Q3
/operating_model/cells/q3_revenue_guide_low:shared/source_dateNone2026-08-10
/operating_model/cells/q3_revenue_guide_low:shared/source_urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Health-Inc--Reports-Second-Quarter-2026-Financial-Results/default.aspx
/operating_model/cells/q3_revenue_guide_low:shared/unitNoneUSD_millions
/operating_model/cells/q3_revenue_guide_low:shared/valueNone880.0
/operating_model/cells/q3_revenue_guide_sum:shared/basisNoneArithmetic intermediate.
/operating_model/cells/q3_revenue_guide_sum:shared/caseNoneshared
/operating_model/cells/q3_revenue_guide_sum:shared/formula/opNonesum
/operating_model/cells/q3_revenue_guide_sum:shared/formula/refs/0Noneq3_revenue_guide_low
/operating_model/cells/q3_revenue_guide_sum:shared/formula/refs/1Noneq3_revenue_guide_high
/operating_model/cells/q3_revenue_guide_sum:shared/idNoneq3_revenue_guide_sum
/operating_model/cells/q3_revenue_guide_sum:shared/kindNonederived
/operating_model/cells/q3_revenue_guide_sum:shared/labelNoneQ3 revenue outlook endpoint sum
/operating_model/cells/q3_revenue_guide_sum:shared/periodNone2026Q3
/operating_model/cells/q3_revenue_guide_sum:shared/unitNoneUSD_millions
/operating_model/cells/q3_revenue_guide_sum:shared/valueNone1780.0
/operating_model/cells/rebate_facility_limit:shared/basisNoneDisclosed transaction/facility amount; not necessarily paid or immediately available cash.
/operating_model/cells/rebate_facility_limit:shared/caseNoneshared
/operating_model/cells/rebate_facility_limit:shared/idNonerebate_facility_limit
/operating_model/cells/rebate_facility_limit:shared/kindNonereported
/operating_model/cells/rebate_facility_limit:shared/labelNonerebate facility limit
/operating_model/cells/rebate_facility_limit:shared/periodNone2026 transactions
/operating_model/cells/rebate_facility_limit:shared/source_dateNone2026-08-10
/operating_model/cells/rebate_facility_limit:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/rebate_facility_limit:shared/unitNoneUSD_millions
/operating_model/cells/rebate_facility_limit:shared/valueNone400.0
/operating_model/cells/rebate_receivables:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/rebate_receivables:shared/caseNoneshared
/operating_model/cells/rebate_receivables:shared/idNonerebate_receivables
/operating_model/cells/rebate_receivables:shared/kindNonereported
/operating_model/cells/rebate_receivables:shared/labelNonerebate receivables
/operating_model/cells/rebate_receivables:shared/periodNoneJune 2026
/operating_model/cells/rebate_receivables:shared/source_dateNone2026-08-10
/operating_model/cells/rebate_receivables:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/rebate_receivables:shared/unitNoneUSD_millions
/operating_model/cells/rebate_receivables:shared/valueNone347.4
/operating_model/cells/short_term_investments:shared/basisNoneReported consolidated amount, converted from thousands to millions.
/operating_model/cells/short_term_investments:shared/caseNoneshared
/operating_model/cells/short_term_investments:shared/idNoneshort_term_investments
/operating_model/cells/short_term_investments:shared/kindNonereported
/operating_model/cells/short_term_investments:shared/labelNoneshort term investments
/operating_model/cells/short_term_investments:shared/periodNoneJune 2026
/operating_model/cells/short_term_investments:shared/source_dateNone2026-08-10
/operating_model/cells/short_term_investments:shared/source_urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/operating_model/cells/short_term_investments:shared/unitNoneUSD_millions
/operating_model/cells/short_term_investments:shared/valueNone231.237
/operating_model/cells/six:shared/basisNoneSix equal amounts are a desk stress convention, not disclosed contractual installment sizes.
/operating_model/cells/six:shared/caseNoneshared
/operating_model/cells/six:shared/idNonesix
/operating_model/cells/six:shared/kindNoneassumption
/operating_model/cells/six:shared/labelNoneDeferred-payment stress installment count
/operating_model/cells/six:shared/periodNoneModel
/operating_model/cells/six:shared/unitNoneratio
/operating_model/cells/six:shared/valueNone6.0
/operating_model/cells/two:shared/basisNoneArithmetic constant.
/operating_model/cells/two:shared/caseNoneshared
/operating_model/cells/two:shared/idNonetwo
/operating_model/cells/two:shared/kindNoneassumption
/operating_model/cells/two:shared/labelNoneMidpoint divisor
/operating_model/cells/two:shared/periodNoneModel
/operating_model/cells/two:shared/unitNoneratio
/operating_model/cells/two:shared/valueNone2.0
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/basisNoneScenario Q3 adjusted profit.
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/formula/refs/0Noneq3_adjusted_guide
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/formula/refs/1Noneupside_adjfactor
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/idNoneupside_2026q3_adjusted_ebitda
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/kindNonederived
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/labelNoneAdjusted EBITDA
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_adjusted_ebitda:upside/valueNone92.65
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/caseNoneupside
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/formula/refs/0Noneupside_2026q3_sbc
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/formula/refs/1Noneupside_2026q3_da
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/formula/refs/2Noneupside_2026q3_sbc_payroll
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/formula/refs/3Noneupside_2026q3_integration
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/idNoneupside_2026q3_adjusted_exclusions
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/kindNonederived
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_adjusted_exclusions:upside/valueNone100.5
/operating_model/cells/upside_2026q3_capex:upside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/upside_2026q3_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q3_capex:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_capex:upside/formula/refs/0Noneupside_2026q3_ordinary_capex
/operating_model/cells/upside_2026q3_capex:upside/formula/refs/1Noneupside_2026q3_peptide_cash
/operating_model/cells/upside_2026q3_capex:upside/idNoneupside_2026q3_capex
/operating_model/cells/upside_2026q3_capex:upside/kindNonederived
/operating_model/cells/upside_2026q3_capex:upside/labelNonePP&E and intangible cash purchases
/operating_model/cells/upside_2026q3_capex:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_capex:upside/valueNone37.0
/operating_model/cells/upside_2026q3_cash_before_uses:upside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/upside_2026q3_cash_before_uses:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_before_uses:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_cash_before_uses:upside/formula/refs/0Noneupside_2026q3_operating_income
/operating_model/cells/upside_2026q3_cash_before_uses:upside/formula/refs/1Noneupside_2026q3_sbc
/operating_model/cells/upside_2026q3_cash_before_uses:upside/formula/refs/2Noneupside_2026q3_da
/operating_model/cells/upside_2026q3_cash_before_uses:upside/formula/refs/3Noneupside_2026q3_net_cash_interest
/operating_model/cells/upside_2026q3_cash_before_uses:upside/idNoneupside_2026q3_cash_before_uses
/operating_model/cells/upside_2026q3_cash_before_uses:upside/kindNonederived
/operating_model/cells/upside_2026q3_cash_before_uses:upside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/upside_2026q3_cash_before_uses:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_before_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cash_before_uses:upside/valueNone83.15
/operating_model/cells/upside_2026q3_cash_election:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_cash_election:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_election:upside/idNoneupside_2026q3_cash_election
/operating_model/cells/upside_2026q3_cash_election:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_cash_election:upside/labelNoneAssumed cash election in stress
/operating_model/cells/upside_2026q3_cash_election:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_election:upside/unitNoneratio
/operating_model/cells/upside_2026q3_cash_election:upside/valueNone1.0
/operating_model/cells/upside_2026q3_cash_tax:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_tax:upside/idNoneupside_2026q3_cash_tax
/operating_model/cells/upside_2026q3_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2026q3_cash_tax:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cash_tax:upside/valueNone5.0
/operating_model/cells/upside_2026q3_cash_uses:upside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/upside_2026q3_cash_uses:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cash_uses:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_cash_uses:upside/formula/refs/0Noneupside_2026q3_legal_payment
/operating_model/cells/upside_2026q3_cash_uses:upside/formula/refs/1Noneupside_2026q3_net_rebate_payable_use
/operating_model/cells/upside_2026q3_cash_uses:upside/formula/refs/2Noneupside_2026q3_cash_tax
/operating_model/cells/upside_2026q3_cash_uses:upside/idNoneupside_2026q3_cash_uses
/operating_model/cells/upside_2026q3_cash_uses:upside/kindNonederived
/operating_model/cells/upside_2026q3_cash_uses:upside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/upside_2026q3_cash_uses:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cash_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cash_uses:upside/valueNone15.0
/operating_model/cells/upside_2026q3_cfo:upside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/upside_2026q3_cfo:upside/caseNoneupside
/operating_model/cells/upside_2026q3_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_cfo:upside/formula/refs/0Noneupside_2026q3_cash_before_uses
/operating_model/cells/upside_2026q3_cfo:upside/formula/refs/1Noneupside_2026q3_cash_uses
/operating_model/cells/upside_2026q3_cfo:upside/idNoneupside_2026q3_cfo
/operating_model/cells/upside_2026q3_cfo:upside/kindNonederived
/operating_model/cells/upside_2026q3_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2026q3_cfo:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_cfo:upside/valueNone68.15
/operating_model/cells/upside_2026q3_company_fcf:upside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/upside_2026q3_company_fcf:upside/caseNoneupside
/operating_model/cells/upside_2026q3_company_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_company_fcf:upside/formula/refs/0Noneupside_2026q3_fcf
/operating_model/cells/upside_2026q3_company_fcf:upside/formula/refs/1Noneupside_2026q3_software
/operating_model/cells/upside_2026q3_company_fcf:upside/idNoneupside_2026q3_company_fcf
/operating_model/cells/upside_2026q3_company_fcf:upside/kindNonederived
/operating_model/cells/upside_2026q3_company_fcf:upside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/upside_2026q3_company_fcf:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_company_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_company_fcf:upside/valueNone24.150000000000006
/operating_model/cells/upside_2026q3_da:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_da:upside/caseNoneupside
/operating_model/cells/upside_2026q3_da:upside/idNoneupside_2026q3_da
/operating_model/cells/upside_2026q3_da:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_da:upside/labelNoneDepreciation and amortization
/operating_model/cells/upside_2026q3_da:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_da:upside/valueNone40.0
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/caseNoneupside
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/formula/refs/1Noneupside_2026q3_cash_election
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/idNoneupside_2026q3_deferred_cash_stress
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/kindNonederived
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_deferred_cash_stress:upside/valueNone113.98333333333333
/operating_model/cells/upside_2026q3_fcf:upside/basisNoneGeneric historical cash definition.
/operating_model/cells/upside_2026q3_fcf:upside/caseNoneupside
/operating_model/cells/upside_2026q3_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_fcf:upside/formula/refs/0Noneupside_2026q3_cfo
/operating_model/cells/upside_2026q3_fcf:upside/formula/refs/1Noneupside_2026q3_capex
/operating_model/cells/upside_2026q3_fcf:upside/idNoneupside_2026q3_fcf
/operating_model/cells/upside_2026q3_fcf:upside/kindNonederived
/operating_model/cells/upside_2026q3_fcf:upside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/upside_2026q3_fcf:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_fcf:upside/valueNone31.150000000000006
/operating_model/cells/upside_2026q3_funding_cash:upside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/upside_2026q3_funding_cash:upside/caseNoneupside
/operating_model/cells/upside_2026q3_funding_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_funding_cash:upside/formula/refs/0Noneupside_2026q3_company_fcf
/operating_model/cells/upside_2026q3_funding_cash:upside/formula/refs/1Noneupside_2026q3_funding_uses
/operating_model/cells/upside_2026q3_funding_cash:upside/idNoneupside_2026q3_funding_cash
/operating_model/cells/upside_2026q3_funding_cash:upside/kindNonederived
/operating_model/cells/upside_2026q3_funding_cash:upside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/upside_2026q3_funding_cash:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_funding_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_funding_cash:upside/valueNone-124.83333333333334
/operating_model/cells/upside_2026q3_funding_uses:upside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/upside_2026q3_funding_uses:upside/caseNoneupside
/operating_model/cells/upside_2026q3_funding_uses:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_funding_uses:upside/formula/refs/0Noneupside_2026q3_deferred_cash_stress
/operating_model/cells/upside_2026q3_funding_uses:upside/formula/refs/1Noneupside_2026q3_withholding
/operating_model/cells/upside_2026q3_funding_uses:upside/idNoneupside_2026q3_funding_uses
/operating_model/cells/upside_2026q3_funding_uses:upside/kindNonederived
/operating_model/cells/upside_2026q3_funding_uses:upside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/upside_2026q3_funding_uses:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_funding_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_funding_uses:upside/valueNone148.98333333333335
/operating_model/cells/upside_2026q3_gross_profit:upside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/upside_2026q3_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2026q3_gross_profit:upside/formula/opNonesum
/operating_model/cells/upside_2026q3_gross_profit:upside/formula/refs/0Noneupside_2026q3_us_gross
/operating_model/cells/upside_2026q3_gross_profit:upside/formula/refs/1Noneupside_2026q3_international_gross
/operating_model/cells/upside_2026q3_gross_profit:upside/idNoneupside_2026q3_gross_profit
/operating_model/cells/upside_2026q3_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2026q3_gross_profit:upside/labelNoneGAAP gross profit proxy
/operating_model/cells/upside_2026q3_gross_profit:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_gross_profit:upside/valueNone601.686
/operating_model/cells/upside_2026q3_integration:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_integration:upside/caseNoneupside
/operating_model/cells/upside_2026q3_integration:upside/idNoneupside_2026q3_integration
/operating_model/cells/upside_2026q3_integration:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_integration:upside/labelNoneCash transaction and integration expense
/operating_model/cells/upside_2026q3_integration:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_integration:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_integration:upside/valueNone10.0
/operating_model/cells/upside_2026q3_international:upside/basisNoneGeographic residual includes acquired businesses.
/operating_model/cells/upside_2026q3_international:upside/caseNoneupside
/operating_model/cells/upside_2026q3_international:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_international:upside/formula/refs/0Noneupside_2026q3_revenue
/operating_model/cells/upside_2026q3_international:upside/formula/refs/1Noneupside_2026q3_us
/operating_model/cells/upside_2026q3_international:upside/idNoneupside_2026q3_international
/operating_model/cells/upside_2026q3_international:upside/kindNonederived
/operating_model/cells/upside_2026q3_international:upside/labelNoneRest-of-world revenue
/operating_model/cells/upside_2026q3_international:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_international:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_international:upside/valueNone216.70000000000005
/operating_model/cells/upside_2026q3_international_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2026q3_international_gross:upside/caseNoneupside
/operating_model/cells/upside_2026q3_international_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q3_international_gross:upside/formula/refs/0Noneupside_2026q3_international
/operating_model/cells/upside_2026q3_international_gross:upside/formula/refs/1Noneupside_2026q3_international_gross_margin
/operating_model/cells/upside_2026q3_international_gross:upside/idNoneupside_2026q3_international_gross
/operating_model/cells/upside_2026q3_international_gross:upside/kindNonederived
/operating_model/cells/upside_2026q3_international_gross:upside/labelNoneGAAP gross profit: international
/operating_model/cells/upside_2026q3_international_gross:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_international_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_international_gross:upside/valueNone125.68600000000002
/operating_model/cells/upside_2026q3_international_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_international_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2026q3_international_gross_margin:upside/idNoneupside_2026q3_international_gross_margin
/operating_model/cells/upside_2026q3_international_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_international_gross_margin:upside/labelNoneGAAP gross margin: international
/operating_model/cells/upside_2026q3_international_gross_margin:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_international_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2026q3_international_gross_margin:upside/valueNone0.58
/operating_model/cells/upside_2026q3_legal_payment:upside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/upside_2026q3_legal_payment:upside/caseNoneupside
/operating_model/cells/upside_2026q3_legal_payment:upside/idNoneupside_2026q3_legal_payment
/operating_model/cells/upside_2026q3_legal_payment:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_legal_payment:upside/labelNonePayment of existing June legal reserve
/operating_model/cells/upside_2026q3_legal_payment:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_legal_payment:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_legal_payment:upside/valueNone0.0
/operating_model/cells/upside_2026q3_net_cash_interest:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_net_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2026q3_net_cash_interest:upside/idNoneupside_2026q3_net_cash_interest
/operating_model/cells/upside_2026q3_net_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_net_cash_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2026q3_net_cash_interest:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_net_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_net_cash_interest:upside/valueNone3.0
/operating_model/cells/upside_2026q3_net_rebate_payable_use:upside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/upside_2026q3_net_rebate_payable_use:upside/caseNoneupside
/operating_model/cells/upside_2026q3_net_rebate_payable_use:upside/idNoneupside_2026q3_net_rebate_payable_use
/operating_model/cells/upside_2026q3_net_rebate_payable_use:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_net_rebate_payable_use:upside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/upside_2026q3_net_rebate_payable_use:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_net_rebate_payable_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_net_rebate_payable_use:upside/valueNone10.0
/operating_model/cells/upside_2026q3_operating_income:upside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/upside_2026q3_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2026q3_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q3_operating_income:upside/formula/refs/0Noneupside_2026q3_adjusted_ebitda
/operating_model/cells/upside_2026q3_operating_income:upside/formula/refs/1Noneupside_2026q3_adjusted_exclusions
/operating_model/cells/upside_2026q3_operating_income:upside/idNoneupside_2026q3_operating_income
/operating_model/cells/upside_2026q3_operating_income:upside/kindNonederived
/operating_model/cells/upside_2026q3_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2026q3_operating_income:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_operating_income:upside/valueNone-7.849999999999994
/operating_model/cells/upside_2026q3_ordinary_capex:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_ordinary_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q3_ordinary_capex:upside/idNoneupside_2026q3_ordinary_capex
/operating_model/cells/upside_2026q3_ordinary_capex:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_ordinary_capex:upside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/upside_2026q3_ordinary_capex:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_ordinary_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_ordinary_capex:upside/valueNone32.0
/operating_model/cells/upside_2026q3_peptide_cash:upside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/upside_2026q3_peptide_cash:upside/caseNoneupside
/operating_model/cells/upside_2026q3_peptide_cash:upside/idNoneupside_2026q3_peptide_cash
/operating_model/cells/upside_2026q3_peptide_cash:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_peptide_cash:upside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/upside_2026q3_peptide_cash:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_peptide_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_peptide_cash:upside/valueNone5.0
/operating_model/cells/upside_2026q3_revenue:upside/basisNoneScenario Q3 sales.
/operating_model/cells/upside_2026q3_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q3_revenue:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q3_revenue:upside/formula/refs/0Noneq3_revenue_guide
/operating_model/cells/upside_2026q3_revenue:upside/formula/refs/1Noneupside_delivery
/operating_model/cells/upside_2026q3_revenue:upside/idNoneupside_2026q3_revenue
/operating_model/cells/upside_2026q3_revenue:upside/kindNonederived
/operating_model/cells/upside_2026q3_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2026q3_revenue:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_revenue:upside/valueNone916.7
/operating_model/cells/upside_2026q3_sbc:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_sbc:upside/caseNoneupside
/operating_model/cells/upside_2026q3_sbc:upside/idNoneupside_2026q3_sbc
/operating_model/cells/upside_2026q3_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_sbc:upside/labelNoneTotal equity compensation expense
/operating_model/cells/upside_2026q3_sbc:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_sbc:upside/valueNone48.0
/operating_model/cells/upside_2026q3_sbc_payroll:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_sbc_payroll:upside/caseNoneupside
/operating_model/cells/upside_2026q3_sbc_payroll:upside/idNoneupside_2026q3_sbc_payroll
/operating_model/cells/upside_2026q3_sbc_payroll:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_sbc_payroll:upside/labelNoneCash employer payroll tax on equity
/operating_model/cells/upside_2026q3_sbc_payroll:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_sbc_payroll:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_sbc_payroll:upside/valueNone2.5
/operating_model/cells/upside_2026q3_software:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_software:upside/caseNoneupside
/operating_model/cells/upside_2026q3_software:upside/idNoneupside_2026q3_software
/operating_model/cells/upside_2026q3_software:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_software:upside/labelNoneCapitalized software cash
/operating_model/cells/upside_2026q3_software:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_software:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_software:upside/valueNone7.0
/operating_model/cells/upside_2026q3_us:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_us:upside/caseNoneupside
/operating_model/cells/upside_2026q3_us:upside/idNoneupside_2026q3_us
/operating_model/cells/upside_2026q3_us:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_us:upside/labelNoneUS revenue
/operating_model/cells/upside_2026q3_us:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_us:upside/valueNone700.0
/operating_model/cells/upside_2026q3_us_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2026q3_us_gross:upside/caseNoneupside
/operating_model/cells/upside_2026q3_us_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q3_us_gross:upside/formula/refs/0Noneupside_2026q3_us
/operating_model/cells/upside_2026q3_us_gross:upside/formula/refs/1Noneupside_2026q3_us_gross_margin
/operating_model/cells/upside_2026q3_us_gross:upside/idNoneupside_2026q3_us_gross
/operating_model/cells/upside_2026q3_us_gross:upside/kindNonederived
/operating_model/cells/upside_2026q3_us_gross:upside/labelNoneGAAP gross profit: us
/operating_model/cells/upside_2026q3_us_gross:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_us_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_us_gross:upside/valueNone476.00000000000006
/operating_model/cells/upside_2026q3_us_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_us_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2026q3_us_gross_margin:upside/idNoneupside_2026q3_us_gross_margin
/operating_model/cells/upside_2026q3_us_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_us_gross_margin:upside/labelNoneGAAP gross margin: us
/operating_model/cells/upside_2026q3_us_gross_margin:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_us_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2026q3_us_gross_margin:upside/valueNone0.68
/operating_model/cells/upside_2026q3_withholding:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q3_withholding:upside/caseNoneupside
/operating_model/cells/upside_2026q3_withholding:upside/idNoneupside_2026q3_withholding
/operating_model/cells/upside_2026q3_withholding:upside/kindNoneassumption
/operating_model/cells/upside_2026q3_withholding:upside/labelNoneAward tax withholding cash
/operating_model/cells/upside_2026q3_withholding:upside/periodNone2026Q3
/operating_model/cells/upside_2026q3_withholding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q3_withholding:upside/valueNone35.0
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/basisNoneRemaining annual adjusted EBITDA.
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/formula/refs/0Noneupside_h2_adjusted_ebitda
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/formula/refs/1Noneupside_2026q3_adjusted_ebitda
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/idNoneupside_2026q4_adjusted_ebitda
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/kindNonederived
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/labelNoneAdjusted EBITDA
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_adjusted_ebitda:upside/valueNone129.74699999999999
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/caseNoneupside
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/formula/refs/0Noneupside_2026q4_sbc
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/formula/refs/1Noneupside_2026q4_da
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/formula/refs/2Noneupside_2026q4_sbc_payroll
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/formula/refs/3Noneupside_2026q4_integration
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/idNoneupside_2026q4_adjusted_exclusions
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/kindNonederived
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_adjusted_exclusions:upside/valueNone102.5
/operating_model/cells/upside_2026q4_capex:upside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/upside_2026q4_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q4_capex:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_capex:upside/formula/refs/0Noneupside_2026q4_ordinary_capex
/operating_model/cells/upside_2026q4_capex:upside/formula/refs/1Noneupside_2026q4_peptide_cash
/operating_model/cells/upside_2026q4_capex:upside/idNoneupside_2026q4_capex
/operating_model/cells/upside_2026q4_capex:upside/kindNonederived
/operating_model/cells/upside_2026q4_capex:upside/labelNonePP&E and intangible cash purchases
/operating_model/cells/upside_2026q4_capex:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_capex:upside/valueNone42.0
/operating_model/cells/upside_2026q4_cash_before_uses:upside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/upside_2026q4_cash_before_uses:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_before_uses:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_cash_before_uses:upside/formula/refs/0Noneupside_2026q4_operating_income
/operating_model/cells/upside_2026q4_cash_before_uses:upside/formula/refs/1Noneupside_2026q4_sbc
/operating_model/cells/upside_2026q4_cash_before_uses:upside/formula/refs/2Noneupside_2026q4_da
/operating_model/cells/upside_2026q4_cash_before_uses:upside/formula/refs/3Noneupside_2026q4_net_cash_interest
/operating_model/cells/upside_2026q4_cash_before_uses:upside/idNoneupside_2026q4_cash_before_uses
/operating_model/cells/upside_2026q4_cash_before_uses:upside/kindNonederived
/operating_model/cells/upside_2026q4_cash_before_uses:upside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/upside_2026q4_cash_before_uses:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_before_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_before_uses:upside/valueNone122.24699999999999
/operating_model/cells/upside_2026q4_cash_election:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_cash_election:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_election:upside/idNoneupside_2026q4_cash_election
/operating_model/cells/upside_2026q4_cash_election:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_cash_election:upside/labelNoneAssumed cash election in stress
/operating_model/cells/upside_2026q4_cash_election:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_election:upside/unitNoneratio
/operating_model/cells/upside_2026q4_cash_election:upside/valueNone1.0
/operating_model/cells/upside_2026q4_cash_tax:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_tax:upside/idNoneupside_2026q4_cash_tax
/operating_model/cells/upside_2026q4_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2026q4_cash_tax:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_tax:upside/valueNone5.0
/operating_model/cells/upside_2026q4_cash_uses:upside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/upside_2026q4_cash_uses:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cash_uses:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_cash_uses:upside/formula/refs/0Noneupside_2026q4_legal_payment
/operating_model/cells/upside_2026q4_cash_uses:upside/formula/refs/1Noneupside_2026q4_net_rebate_payable_use
/operating_model/cells/upside_2026q4_cash_uses:upside/formula/refs/2Noneupside_2026q4_cash_tax
/operating_model/cells/upside_2026q4_cash_uses:upside/idNoneupside_2026q4_cash_uses
/operating_model/cells/upside_2026q4_cash_uses:upside/kindNonederived
/operating_model/cells/upside_2026q4_cash_uses:upside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/upside_2026q4_cash_uses:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cash_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cash_uses:upside/valueNone26.25
/operating_model/cells/upside_2026q4_cfo:upside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/upside_2026q4_cfo:upside/caseNoneupside
/operating_model/cells/upside_2026q4_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_cfo:upside/formula/refs/0Noneupside_2026q4_cash_before_uses
/operating_model/cells/upside_2026q4_cfo:upside/formula/refs/1Noneupside_2026q4_cash_uses
/operating_model/cells/upside_2026q4_cfo:upside/idNoneupside_2026q4_cfo
/operating_model/cells/upside_2026q4_cfo:upside/kindNonederived
/operating_model/cells/upside_2026q4_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2026q4_cfo:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_cfo:upside/valueNone95.99699999999999
/operating_model/cells/upside_2026q4_company_fcf:upside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/upside_2026q4_company_fcf:upside/caseNoneupside
/operating_model/cells/upside_2026q4_company_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_company_fcf:upside/formula/refs/0Noneupside_2026q4_fcf
/operating_model/cells/upside_2026q4_company_fcf:upside/formula/refs/1Noneupside_2026q4_software
/operating_model/cells/upside_2026q4_company_fcf:upside/idNoneupside_2026q4_company_fcf
/operating_model/cells/upside_2026q4_company_fcf:upside/kindNonederived
/operating_model/cells/upside_2026q4_company_fcf:upside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/upside_2026q4_company_fcf:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_company_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_company_fcf:upside/valueNone46.496999999999986
/operating_model/cells/upside_2026q4_da:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_da:upside/caseNoneupside
/operating_model/cells/upside_2026q4_da:upside/idNoneupside_2026q4_da
/operating_model/cells/upside_2026q4_da:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_da:upside/labelNoneDepreciation and amortization
/operating_model/cells/upside_2026q4_da:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_da:upside/valueNone40.0
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/caseNoneupside
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/formula/refs/1Noneupside_2026q4_cash_election
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/idNoneupside_2026q4_deferred_cash_stress
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/kindNonederived
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_deferred_cash_stress:upside/valueNone113.98333333333333
/operating_model/cells/upside_2026q4_fcf:upside/basisNoneGeneric historical cash definition.
/operating_model/cells/upside_2026q4_fcf:upside/caseNoneupside
/operating_model/cells/upside_2026q4_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_fcf:upside/formula/refs/0Noneupside_2026q4_cfo
/operating_model/cells/upside_2026q4_fcf:upside/formula/refs/1Noneupside_2026q4_capex
/operating_model/cells/upside_2026q4_fcf:upside/idNoneupside_2026q4_fcf
/operating_model/cells/upside_2026q4_fcf:upside/kindNonederived
/operating_model/cells/upside_2026q4_fcf:upside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/upside_2026q4_fcf:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_fcf:upside/valueNone53.996999999999986
/operating_model/cells/upside_2026q4_funding_cash:upside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/upside_2026q4_funding_cash:upside/caseNoneupside
/operating_model/cells/upside_2026q4_funding_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_funding_cash:upside/formula/refs/0Noneupside_2026q4_company_fcf
/operating_model/cells/upside_2026q4_funding_cash:upside/formula/refs/1Noneupside_2026q4_funding_uses
/operating_model/cells/upside_2026q4_funding_cash:upside/idNoneupside_2026q4_funding_cash
/operating_model/cells/upside_2026q4_funding_cash:upside/kindNonederived
/operating_model/cells/upside_2026q4_funding_cash:upside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/upside_2026q4_funding_cash:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_funding_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_funding_cash:upside/valueNone-105.48633333333336
/operating_model/cells/upside_2026q4_funding_uses:upside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/upside_2026q4_funding_uses:upside/caseNoneupside
/operating_model/cells/upside_2026q4_funding_uses:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_funding_uses:upside/formula/refs/0Noneupside_2026q4_deferred_cash_stress
/operating_model/cells/upside_2026q4_funding_uses:upside/formula/refs/1Noneupside_2026q4_withholding
/operating_model/cells/upside_2026q4_funding_uses:upside/idNoneupside_2026q4_funding_uses
/operating_model/cells/upside_2026q4_funding_uses:upside/kindNonederived
/operating_model/cells/upside_2026q4_funding_uses:upside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/upside_2026q4_funding_uses:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_funding_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_funding_uses:upside/valueNone151.98333333333335
/operating_model/cells/upside_2026q4_gross_profit:upside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/upside_2026q4_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2026q4_gross_profit:upside/formula/opNonesum
/operating_model/cells/upside_2026q4_gross_profit:upside/formula/refs/0Noneupside_2026q4_us_gross
/operating_model/cells/upside_2026q4_gross_profit:upside/formula/refs/1Noneupside_2026q4_international_gross
/operating_model/cells/upside_2026q4_gross_profit:upside/idNoneupside_2026q4_gross_profit
/operating_model/cells/upside_2026q4_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2026q4_gross_profit:upside/labelNoneGAAP gross profit proxy
/operating_model/cells/upside_2026q4_gross_profit:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_gross_profit:upside/valueNone665.42956
/operating_model/cells/upside_2026q4_integration:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_integration:upside/caseNoneupside
/operating_model/cells/upside_2026q4_integration:upside/idNoneupside_2026q4_integration
/operating_model/cells/upside_2026q4_integration:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_integration:upside/labelNoneCash transaction and integration expense
/operating_model/cells/upside_2026q4_integration:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_integration:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_integration:upside/valueNone8.0
/operating_model/cells/upside_2026q4_international:upside/basisNoneGeographic residual includes acquired businesses.
/operating_model/cells/upside_2026q4_international:upside/caseNoneupside
/operating_model/cells/upside_2026q4_international:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_international:upside/formula/refs/0Noneupside_2026q4_revenue
/operating_model/cells/upside_2026q4_international:upside/formula/refs/1Noneupside_2026q4_us
/operating_model/cells/upside_2026q4_international:upside/idNoneupside_2026q4_international
/operating_model/cells/upside_2026q4_international:upside/kindNonederived
/operating_model/cells/upside_2026q4_international:upside/labelNoneRest-of-world revenue
/operating_model/cells/upside_2026q4_international:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_international:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_international:upside/valueNone267.98199999999997
/operating_model/cells/upside_2026q4_international_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2026q4_international_gross:upside/caseNoneupside
/operating_model/cells/upside_2026q4_international_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_international_gross:upside/formula/refs/0Noneupside_2026q4_international
/operating_model/cells/upside_2026q4_international_gross:upside/formula/refs/1Noneupside_2026q4_international_gross_margin
/operating_model/cells/upside_2026q4_international_gross:upside/idNoneupside_2026q4_international_gross
/operating_model/cells/upside_2026q4_international_gross:upside/kindNonederived
/operating_model/cells/upside_2026q4_international_gross:upside/labelNoneGAAP gross profit: international
/operating_model/cells/upside_2026q4_international_gross:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_international_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_international_gross:upside/valueNone155.42955999999998
/operating_model/cells/upside_2026q4_international_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_international_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2026q4_international_gross_margin:upside/idNoneupside_2026q4_international_gross_margin
/operating_model/cells/upside_2026q4_international_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_international_gross_margin:upside/labelNoneGAAP gross margin: international
/operating_model/cells/upside_2026q4_international_gross_margin:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_international_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2026q4_international_gross_margin:upside/valueNone0.58
/operating_model/cells/upside_2026q4_legal_payment:upside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/upside_2026q4_legal_payment:upside/caseNoneupside
/operating_model/cells/upside_2026q4_legal_payment:upside/idNoneupside_2026q4_legal_payment
/operating_model/cells/upside_2026q4_legal_payment:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_legal_payment:upside/labelNonePayment of existing June legal reserve
/operating_model/cells/upside_2026q4_legal_payment:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_legal_payment:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_legal_payment:upside/valueNone31.25
/operating_model/cells/upside_2026q4_net_cash_interest:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_net_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2026q4_net_cash_interest:upside/idNoneupside_2026q4_net_cash_interest
/operating_model/cells/upside_2026q4_net_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_net_cash_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2026q4_net_cash_interest:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_net_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_net_cash_interest:upside/valueNone3.0
/operating_model/cells/upside_2026q4_net_rebate_payable_use:upside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/upside_2026q4_net_rebate_payable_use:upside/caseNoneupside
/operating_model/cells/upside_2026q4_net_rebate_payable_use:upside/idNoneupside_2026q4_net_rebate_payable_use
/operating_model/cells/upside_2026q4_net_rebate_payable_use:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_net_rebate_payable_use:upside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/upside_2026q4_net_rebate_payable_use:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_net_rebate_payable_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_net_rebate_payable_use:upside/valueNone-10.0
/operating_model/cells/upside_2026q4_operating_income:upside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/upside_2026q4_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2026q4_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_operating_income:upside/formula/refs/0Noneupside_2026q4_adjusted_ebitda
/operating_model/cells/upside_2026q4_operating_income:upside/formula/refs/1Noneupside_2026q4_adjusted_exclusions
/operating_model/cells/upside_2026q4_operating_income:upside/idNoneupside_2026q4_operating_income
/operating_model/cells/upside_2026q4_operating_income:upside/kindNonederived
/operating_model/cells/upside_2026q4_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2026q4_operating_income:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_operating_income:upside/valueNone27.246999999999986
/operating_model/cells/upside_2026q4_ordinary_capex:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_ordinary_capex:upside/caseNoneupside
/operating_model/cells/upside_2026q4_ordinary_capex:upside/idNoneupside_2026q4_ordinary_capex
/operating_model/cells/upside_2026q4_ordinary_capex:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_ordinary_capex:upside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/upside_2026q4_ordinary_capex:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_ordinary_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_ordinary_capex:upside/valueNone32.0
/operating_model/cells/upside_2026q4_peptide_cash:upside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/upside_2026q4_peptide_cash:upside/caseNoneupside
/operating_model/cells/upside_2026q4_peptide_cash:upside/idNoneupside_2026q4_peptide_cash
/operating_model/cells/upside_2026q4_peptide_cash:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_peptide_cash:upside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/upside_2026q4_peptide_cash:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_peptide_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_peptide_cash:upside/valueNone10.0
/operating_model/cells/upside_2026q4_revenue:upside/basisNoneRemaining annual revenue after H1 and Q3.
/operating_model/cells/upside_2026q4_revenue:upside/caseNoneupside
/operating_model/cells/upside_2026q4_revenue:upside/formula/opNonesubtract
/operating_model/cells/upside_2026q4_revenue:upside/formula/refs/0Noneupside_h2_revenue
/operating_model/cells/upside_2026q4_revenue:upside/formula/refs/1Noneupside_2026q3_revenue
/operating_model/cells/upside_2026q4_revenue:upside/idNoneupside_2026q4_revenue
/operating_model/cells/upside_2026q4_revenue:upside/kindNonederived
/operating_model/cells/upside_2026q4_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2026q4_revenue:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_revenue:upside/valueNone1017.982
/operating_model/cells/upside_2026q4_sbc:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_sbc:upside/caseNoneupside
/operating_model/cells/upside_2026q4_sbc:upside/idNoneupside_2026q4_sbc
/operating_model/cells/upside_2026q4_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_sbc:upside/labelNoneTotal equity compensation expense
/operating_model/cells/upside_2026q4_sbc:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_sbc:upside/valueNone52.0
/operating_model/cells/upside_2026q4_sbc_payroll:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_sbc_payroll:upside/caseNoneupside
/operating_model/cells/upside_2026q4_sbc_payroll:upside/idNoneupside_2026q4_sbc_payroll
/operating_model/cells/upside_2026q4_sbc_payroll:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_sbc_payroll:upside/labelNoneCash employer payroll tax on equity
/operating_model/cells/upside_2026q4_sbc_payroll:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_sbc_payroll:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_sbc_payroll:upside/valueNone2.5
/operating_model/cells/upside_2026q4_software:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_software:upside/caseNoneupside
/operating_model/cells/upside_2026q4_software:upside/idNoneupside_2026q4_software
/operating_model/cells/upside_2026q4_software:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_software:upside/labelNoneCapitalized software cash
/operating_model/cells/upside_2026q4_software:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_software:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_software:upside/valueNone7.5
/operating_model/cells/upside_2026q4_us:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_us:upside/caseNoneupside
/operating_model/cells/upside_2026q4_us:upside/idNoneupside_2026q4_us
/operating_model/cells/upside_2026q4_us:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_us:upside/labelNoneUS revenue
/operating_model/cells/upside_2026q4_us:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_us:upside/valueNone750.0
/operating_model/cells/upside_2026q4_us_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2026q4_us_gross:upside/caseNoneupside
/operating_model/cells/upside_2026q4_us_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2026q4_us_gross:upside/formula/refs/0Noneupside_2026q4_us
/operating_model/cells/upside_2026q4_us_gross:upside/formula/refs/1Noneupside_2026q4_us_gross_margin
/operating_model/cells/upside_2026q4_us_gross:upside/idNoneupside_2026q4_us_gross
/operating_model/cells/upside_2026q4_us_gross:upside/kindNonederived
/operating_model/cells/upside_2026q4_us_gross:upside/labelNoneGAAP gross profit: us
/operating_model/cells/upside_2026q4_us_gross:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_us_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_us_gross:upside/valueNone510.00000000000006
/operating_model/cells/upside_2026q4_us_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_us_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2026q4_us_gross_margin:upside/idNoneupside_2026q4_us_gross_margin
/operating_model/cells/upside_2026q4_us_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_us_gross_margin:upside/labelNoneGAAP gross margin: us
/operating_model/cells/upside_2026q4_us_gross_margin:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_us_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2026q4_us_gross_margin:upside/valueNone0.68
/operating_model/cells/upside_2026q4_withholding:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2026q4_withholding:upside/caseNoneupside
/operating_model/cells/upside_2026q4_withholding:upside/idNoneupside_2026q4_withholding
/operating_model/cells/upside_2026q4_withholding:upside/kindNoneassumption
/operating_model/cells/upside_2026q4_withholding:upside/labelNoneAward tax withholding cash
/operating_model/cells/upside_2026q4_withholding:upside/periodNone2026Q4
/operating_model/cells/upside_2026q4_withholding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2026q4_withholding:upside/valueNone38.0
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/formula/refs/0Noneupside_2027q1_adjusted_gross
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/formula/refs/1Noneupside_2027q1_adjusted_opex
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/idNoneupside_2027q1_adjusted_ebitda
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/kindNonederived
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/labelNoneAdjusted EBITDA
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_adjusted_ebitda:upside/valueNone173.34143647200005
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/caseNoneupside
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/formula/refs/0Noneupside_2027q1_sbc
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/formula/refs/1Noneupside_2027q1_da
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/formula/refs/2Noneupside_2027q1_sbc_payroll
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/formula/refs/3Noneupside_2027q1_integration
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/idNoneupside_2027q1_adjusted_exclusions
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/kindNonederived
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_adjusted_exclusions:upside/valueNone110.0
/operating_model/cells/upside_2027q1_adjusted_gross:upside/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/upside_2027q1_adjusted_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q1_adjusted_gross:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_adjusted_gross:upside/formula/refs/0Noneupside_2027q1_gross_profit
/operating_model/cells/upside_2027q1_adjusted_gross:upside/formula/refs/1Noneupside_2027q1_cogs_noncash
/operating_model/cells/upside_2027q1_adjusted_gross:upside/idNoneupside_2027q1_adjusted_gross
/operating_model/cells/upside_2027q1_adjusted_gross:upside/kindNonederived
/operating_model/cells/upside_2027q1_adjusted_gross:upside/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/upside_2027q1_adjusted_gross:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_adjusted_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_adjusted_gross:upside/valueNone688.0454391720001
/operating_model/cells/upside_2027q1_adjusted_opex:upside/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/upside_2027q1_adjusted_opex:upside/caseNoneupside
/operating_model/cells/upside_2027q1_adjusted_opex:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_adjusted_opex:upside/formula/refs/0Noneupside_2027q1_revenue
/operating_model/cells/upside_2027q1_adjusted_opex:upside/formula/refs/1Noneupside_2027q1_opex_ratio
/operating_model/cells/upside_2027q1_adjusted_opex:upside/idNoneupside_2027q1_adjusted_opex
/operating_model/cells/upside_2027q1_adjusted_opex:upside/kindNonederived
/operating_model/cells/upside_2027q1_adjusted_opex:upside/labelNoneAdjusted cash operating expense
/operating_model/cells/upside_2027q1_adjusted_opex:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_adjusted_opex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_adjusted_opex:upside/valueNone514.7040027
/operating_model/cells/upside_2027q1_capex:upside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/upside_2027q1_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q1_capex:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_capex:upside/formula/refs/0Noneupside_2027q1_ordinary_capex
/operating_model/cells/upside_2027q1_capex:upside/formula/refs/1Noneupside_2027q1_peptide_cash
/operating_model/cells/upside_2027q1_capex:upside/idNoneupside_2027q1_capex
/operating_model/cells/upside_2027q1_capex:upside/kindNonederived
/operating_model/cells/upside_2027q1_capex:upside/labelNonePP&E and intangible cash purchases
/operating_model/cells/upside_2027q1_capex:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_capex:upside/valueNone45.0
/operating_model/cells/upside_2027q1_cash_before_uses:upside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/upside_2027q1_cash_before_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_before_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_cash_before_uses:upside/formula/refs/0Noneupside_2027q1_operating_income
/operating_model/cells/upside_2027q1_cash_before_uses:upside/formula/refs/1Noneupside_2027q1_sbc
/operating_model/cells/upside_2027q1_cash_before_uses:upside/formula/refs/2Noneupside_2027q1_da
/operating_model/cells/upside_2027q1_cash_before_uses:upside/formula/refs/3Noneupside_2027q1_net_cash_interest
/operating_model/cells/upside_2027q1_cash_before_uses:upside/idNoneupside_2027q1_cash_before_uses
/operating_model/cells/upside_2027q1_cash_before_uses:upside/kindNonederived
/operating_model/cells/upside_2027q1_cash_before_uses:upside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/upside_2027q1_cash_before_uses:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_before_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_before_uses:upside/valueNone168.34143647200005
/operating_model/cells/upside_2027q1_cash_election:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_cash_election:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_election:upside/idNoneupside_2027q1_cash_election
/operating_model/cells/upside_2027q1_cash_election:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_cash_election:upside/labelNoneAssumed cash election in stress
/operating_model/cells/upside_2027q1_cash_election:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_election:upside/unitNoneratio
/operating_model/cells/upside_2027q1_cash_election:upside/valueNone1.0
/operating_model/cells/upside_2027q1_cash_tax:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_tax:upside/idNoneupside_2027q1_cash_tax
/operating_model/cells/upside_2027q1_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2027q1_cash_tax:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_tax:upside/valueNone8.0
/operating_model/cells/upside_2027q1_cash_uses:upside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/upside_2027q1_cash_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cash_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_cash_uses:upside/formula/refs/0Noneupside_2027q1_legal_payment
/operating_model/cells/upside_2027q1_cash_uses:upside/formula/refs/1Noneupside_2027q1_net_rebate_payable_use
/operating_model/cells/upside_2027q1_cash_uses:upside/formula/refs/2Noneupside_2027q1_cash_tax
/operating_model/cells/upside_2027q1_cash_uses:upside/idNoneupside_2027q1_cash_uses
/operating_model/cells/upside_2027q1_cash_uses:upside/kindNonederived
/operating_model/cells/upside_2027q1_cash_uses:upside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/upside_2027q1_cash_uses:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cash_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cash_uses:upside/valueNone54.25
/operating_model/cells/upside_2027q1_cfo:upside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/upside_2027q1_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_cfo:upside/formula/refs/0Noneupside_2027q1_cash_before_uses
/operating_model/cells/upside_2027q1_cfo:upside/formula/refs/1Noneupside_2027q1_cash_uses
/operating_model/cells/upside_2027q1_cfo:upside/idNoneupside_2027q1_cfo
/operating_model/cells/upside_2027q1_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q1_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2027q1_cfo:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cfo:upside/valueNone114.09143647200005
/operating_model/cells/upside_2027q1_cogs_noncash:upside/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/upside_2027q1_cogs_noncash:upside/caseNoneupside
/operating_model/cells/upside_2027q1_cogs_noncash:upside/idNoneupside_2027q1_cogs_noncash
/operating_model/cells/upside_2027q1_cogs_noncash:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_cogs_noncash:upside/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/upside_2027q1_cogs_noncash:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_cogs_noncash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_cogs_noncash:upside/valueNone12.0
/operating_model/cells/upside_2027q1_company_fcf:upside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/upside_2027q1_company_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q1_company_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_company_fcf:upside/formula/refs/0Noneupside_2027q1_fcf
/operating_model/cells/upside_2027q1_company_fcf:upside/formula/refs/1Noneupside_2027q1_software
/operating_model/cells/upside_2027q1_company_fcf:upside/idNoneupside_2027q1_company_fcf
/operating_model/cells/upside_2027q1_company_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q1_company_fcf:upside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/upside_2027q1_company_fcf:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_company_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_company_fcf:upside/valueNone61.091436472000055
/operating_model/cells/upside_2027q1_da:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_da:upside/caseNoneupside
/operating_model/cells/upside_2027q1_da:upside/idNoneupside_2027q1_da
/operating_model/cells/upside_2027q1_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_da:upside/labelNoneDepreciation and amortization
/operating_model/cells/upside_2027q1_da:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_da:upside/valueNone43.0
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/caseNoneupside
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/formula/refs/1Noneupside_2027q1_cash_election
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/idNoneupside_2027q1_deferred_cash_stress
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/kindNonederived
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_deferred_cash_stress:upside/valueNone113.98333333333333
/operating_model/cells/upside_2027q1_fcf:upside/basisNoneGeneric historical cash definition.
/operating_model/cells/upside_2027q1_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q1_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_fcf:upside/formula/refs/0Noneupside_2027q1_cfo
/operating_model/cells/upside_2027q1_fcf:upside/formula/refs/1Noneupside_2027q1_capex
/operating_model/cells/upside_2027q1_fcf:upside/idNoneupside_2027q1_fcf
/operating_model/cells/upside_2027q1_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q1_fcf:upside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/upside_2027q1_fcf:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_fcf:upside/valueNone69.09143647200005
/operating_model/cells/upside_2027q1_funding_cash:upside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/upside_2027q1_funding_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q1_funding_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_funding_cash:upside/formula/refs/0Noneupside_2027q1_company_fcf
/operating_model/cells/upside_2027q1_funding_cash:upside/formula/refs/1Noneupside_2027q1_funding_uses
/operating_model/cells/upside_2027q1_funding_cash:upside/idNoneupside_2027q1_funding_cash
/operating_model/cells/upside_2027q1_funding_cash:upside/kindNonederived
/operating_model/cells/upside_2027q1_funding_cash:upside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/upside_2027q1_funding_cash:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_funding_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_funding_cash:upside/valueNone-93.8918968613333
/operating_model/cells/upside_2027q1_funding_uses:upside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/upside_2027q1_funding_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q1_funding_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_funding_uses:upside/formula/refs/0Noneupside_2027q1_deferred_cash_stress
/operating_model/cells/upside_2027q1_funding_uses:upside/formula/refs/1Noneupside_2027q1_withholding
/operating_model/cells/upside_2027q1_funding_uses:upside/idNoneupside_2027q1_funding_uses
/operating_model/cells/upside_2027q1_funding_uses:upside/kindNonederived
/operating_model/cells/upside_2027q1_funding_uses:upside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/upside_2027q1_funding_uses:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_funding_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_funding_uses:upside/valueNone154.98333333333335
/operating_model/cells/upside_2027q1_gross_profit:upside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/upside_2027q1_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2027q1_gross_profit:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_gross_profit:upside/formula/refs/0Noneupside_2027q1_us_gross
/operating_model/cells/upside_2027q1_gross_profit:upside/formula/refs/1Noneupside_2027q1_international_gross
/operating_model/cells/upside_2027q1_gross_profit:upside/idNoneupside_2027q1_gross_profit
/operating_model/cells/upside_2027q1_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2027q1_gross_profit:upside/labelNoneGAAP gross profit proxy
/operating_model/cells/upside_2027q1_gross_profit:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_gross_profit:upside/valueNone676.0454391720001
/operating_model/cells/upside_2027q1_integration:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_integration:upside/caseNoneupside
/operating_model/cells/upside_2027q1_integration:upside/idNoneupside_2027q1_integration
/operating_model/cells/upside_2027q1_integration:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_integration:upside/labelNoneCash transaction and integration expense
/operating_model/cells/upside_2027q1_integration:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_integration:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_integration:upside/valueNone5.0
/operating_model/cells/upside_2027q1_international:upside/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/upside_2027q1_international:upside/caseNoneupside
/operating_model/cells/upside_2027q1_international:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_international:upside/formula/refs/0Noneupside_fy27_international
/operating_model/cells/upside_2027q1_international:upside/formula/refs/1Noneupside_2027q1_weight
/operating_model/cells/upside_2027q1_international:upside/idNoneupside_2027q1_international
/operating_model/cells/upside_2027q1_international:upside/kindNonederived
/operating_model/cells/upside_2027q1_international:upside/labelNoneRest-of-world revenue
/operating_model/cells/upside_2027q1_international:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_international:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_international:upside/valueNone239.520045
/operating_model/cells/upside_2027q1_international_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2027q1_international_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q1_international_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_international_gross:upside/formula/refs/0Noneupside_2027q1_international
/operating_model/cells/upside_2027q1_international_gross:upside/formula/refs/1Noneupside_2027q1_international_gross_margin
/operating_model/cells/upside_2027q1_international_gross:upside/idNoneupside_2027q1_international_gross
/operating_model/cells/upside_2027q1_international_gross:upside/kindNonederived
/operating_model/cells/upside_2027q1_international_gross:upside/labelNoneGAAP gross profit: international
/operating_model/cells/upside_2027q1_international_gross:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_international_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_international_gross:upside/valueNone138.9216261
/operating_model/cells/upside_2027q1_international_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_international_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q1_international_gross_margin:upside/idNoneupside_2027q1_international_gross_margin
/operating_model/cells/upside_2027q1_international_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_international_gross_margin:upside/labelNoneGAAP gross margin: international
/operating_model/cells/upside_2027q1_international_gross_margin:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_international_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q1_international_gross_margin:upside/valueNone0.58
/operating_model/cells/upside_2027q1_legal_payment:upside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/upside_2027q1_legal_payment:upside/caseNoneupside
/operating_model/cells/upside_2027q1_legal_payment:upside/idNoneupside_2027q1_legal_payment
/operating_model/cells/upside_2027q1_legal_payment:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_legal_payment:upside/labelNonePayment of existing June legal reserve
/operating_model/cells/upside_2027q1_legal_payment:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_legal_payment:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_legal_payment:upside/valueNone31.25
/operating_model/cells/upside_2027q1_net_cash_interest:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_net_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q1_net_cash_interest:upside/idNoneupside_2027q1_net_cash_interest
/operating_model/cells/upside_2027q1_net_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_net_cash_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2027q1_net_cash_interest:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_net_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_net_cash_interest:upside/valueNone3.0
/operating_model/cells/upside_2027q1_net_rebate_payable_use:upside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/upside_2027q1_net_rebate_payable_use:upside/caseNoneupside
/operating_model/cells/upside_2027q1_net_rebate_payable_use:upside/idNoneupside_2027q1_net_rebate_payable_use
/operating_model/cells/upside_2027q1_net_rebate_payable_use:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_net_rebate_payable_use:upside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/upside_2027q1_net_rebate_payable_use:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_net_rebate_payable_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_net_rebate_payable_use:upside/valueNone15.0
/operating_model/cells/upside_2027q1_operating_income:upside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/upside_2027q1_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q1_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q1_operating_income:upside/formula/refs/0Noneupside_2027q1_adjusted_ebitda
/operating_model/cells/upside_2027q1_operating_income:upside/formula/refs/1Noneupside_2027q1_adjusted_exclusions
/operating_model/cells/upside_2027q1_operating_income:upside/idNoneupside_2027q1_operating_income
/operating_model/cells/upside_2027q1_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q1_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2027q1_operating_income:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_operating_income:upside/valueNone63.341436472000055
/operating_model/cells/upside_2027q1_opex_ratio:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_opex_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q1_opex_ratio:upside/idNoneupside_2027q1_opex_ratio
/operating_model/cells/upside_2027q1_opex_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_opex_ratio:upside/labelNoneAdjusted cash opex / revenue
/operating_model/cells/upside_2027q1_opex_ratio:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_opex_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q1_opex_ratio:upside/valueNone0.5
/operating_model/cells/upside_2027q1_ordinary_capex:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_ordinary_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q1_ordinary_capex:upside/idNoneupside_2027q1_ordinary_capex
/operating_model/cells/upside_2027q1_ordinary_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_ordinary_capex:upside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/upside_2027q1_ordinary_capex:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_ordinary_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_ordinary_capex:upside/valueNone35.0
/operating_model/cells/upside_2027q1_peptide_cash:upside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/upside_2027q1_peptide_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q1_peptide_cash:upside/idNoneupside_2027q1_peptide_cash
/operating_model/cells/upside_2027q1_peptide_cash:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_peptide_cash:upside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/upside_2027q1_peptide_cash:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_peptide_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_peptide_cash:upside/valueNone10.0
/operating_model/cells/upside_2027q1_revenue:upside/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/upside_2027q1_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q1_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q1_revenue:upside/formula/refs/0Noneupside_2027q1_us
/operating_model/cells/upside_2027q1_revenue:upside/formula/refs/1Noneupside_2027q1_international
/operating_model/cells/upside_2027q1_revenue:upside/idNoneupside_2027q1_revenue
/operating_model/cells/upside_2027q1_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q1_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2027q1_revenue:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_revenue:upside/valueNone1029.4080054
/operating_model/cells/upside_2027q1_sbc:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q1_sbc:upside/idNoneupside_2027q1_sbc
/operating_model/cells/upside_2027q1_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_sbc:upside/labelNoneTotal equity compensation expense
/operating_model/cells/upside_2027q1_sbc:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_sbc:upside/valueNone59.0
/operating_model/cells/upside_2027q1_sbc_payroll:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_sbc_payroll:upside/caseNoneupside
/operating_model/cells/upside_2027q1_sbc_payroll:upside/idNoneupside_2027q1_sbc_payroll
/operating_model/cells/upside_2027q1_sbc_payroll:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_sbc_payroll:upside/labelNoneCash employer payroll tax on equity
/operating_model/cells/upside_2027q1_sbc_payroll:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_sbc_payroll:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_sbc_payroll:upside/valueNone3.0
/operating_model/cells/upside_2027q1_software:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_software:upside/caseNoneupside
/operating_model/cells/upside_2027q1_software:upside/idNoneupside_2027q1_software
/operating_model/cells/upside_2027q1_software:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_software:upside/labelNoneCapitalized software cash
/operating_model/cells/upside_2027q1_software:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_software:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_software:upside/valueNone8.0
/operating_model/cells/upside_2027q1_us:upside/basisNoneUS revenue timing assumption.
/operating_model/cells/upside_2027q1_us:upside/caseNoneupside
/operating_model/cells/upside_2027q1_us:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_us:upside/formula/refs/0Noneupside_fy27_us
/operating_model/cells/upside_2027q1_us:upside/formula/refs/1Noneupside_2027q1_weight
/operating_model/cells/upside_2027q1_us:upside/idNoneupside_2027q1_us
/operating_model/cells/upside_2027q1_us:upside/kindNonederived
/operating_model/cells/upside_2027q1_us:upside/labelNoneUS revenue
/operating_model/cells/upside_2027q1_us:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_us:upside/valueNone789.8879604000001
/operating_model/cells/upside_2027q1_us_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2027q1_us_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q1_us_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q1_us_gross:upside/formula/refs/0Noneupside_2027q1_us
/operating_model/cells/upside_2027q1_us_gross:upside/formula/refs/1Noneupside_2027q1_us_gross_margin
/operating_model/cells/upside_2027q1_us_gross:upside/idNoneupside_2027q1_us_gross
/operating_model/cells/upside_2027q1_us_gross:upside/kindNonederived
/operating_model/cells/upside_2027q1_us_gross:upside/labelNoneGAAP gross profit: us
/operating_model/cells/upside_2027q1_us_gross:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_us_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_us_gross:upside/valueNone537.1238130720001
/operating_model/cells/upside_2027q1_us_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_us_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q1_us_gross_margin:upside/idNoneupside_2027q1_us_gross_margin
/operating_model/cells/upside_2027q1_us_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_us_gross_margin:upside/labelNoneGAAP gross margin: us
/operating_model/cells/upside_2027q1_us_gross_margin:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_us_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q1_us_gross_margin:upside/valueNone0.68
/operating_model/cells/upside_2027q1_weight:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_weight:upside/caseNoneupside
/operating_model/cells/upside_2027q1_weight:upside/idNoneupside_2027q1_weight
/operating_model/cells/upside_2027q1_weight:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_weight:upside/labelNoneAnnual revenue quarter share
/operating_model/cells/upside_2027q1_weight:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_weight:upside/unitNoneratio
/operating_model/cells/upside_2027q1_weight:upside/valueNone0.23
/operating_model/cells/upside_2027q1_withholding:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q1_withholding:upside/caseNoneupside
/operating_model/cells/upside_2027q1_withholding:upside/idNoneupside_2027q1_withholding
/operating_model/cells/upside_2027q1_withholding:upside/kindNoneassumption
/operating_model/cells/upside_2027q1_withholding:upside/labelNoneAward tax withholding cash
/operating_model/cells/upside_2027q1_withholding:upside/periodNone2027Q1
/operating_model/cells/upside_2027q1_withholding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q1_withholding:upside/valueNone41.0
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/formula/refs/0Noneupside_2027q2_adjusted_gross
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/formula/refs/1Noneupside_2027q2_adjusted_opex
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/idNoneupside_2027q2_adjusted_ebitda
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/kindNonederived
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/labelNoneAdjusted EBITDA
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_adjusted_ebitda:upside/valueNone183.86370406800006
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/caseNoneupside
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/formula/refs/0Noneupside_2027q2_sbc
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/formula/refs/1Noneupside_2027q2_da
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/formula/refs/2Noneupside_2027q2_sbc_payroll
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/formula/refs/3Noneupside_2027q2_integration
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/idNoneupside_2027q2_adjusted_exclusions
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/kindNonederived
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_adjusted_exclusions:upside/valueNone116.0
/operating_model/cells/upside_2027q2_adjusted_gross:upside/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/upside_2027q2_adjusted_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q2_adjusted_gross:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_adjusted_gross:upside/formula/refs/0Noneupside_2027q2_gross_profit
/operating_model/cells/upside_2027q2_adjusted_gross:upside/formula/refs/1Noneupside_2027q2_cogs_noncash
/operating_model/cells/upside_2027q2_adjusted_gross:upside/idNoneupside_2027q2_adjusted_gross
/operating_model/cells/upside_2027q2_adjusted_gross:upside/kindNonederived
/operating_model/cells/upside_2027q2_adjusted_gross:upside/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/upside_2027q2_adjusted_gross:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_adjusted_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_adjusted_gross:upside/valueNone732.135359118
/operating_model/cells/upside_2027q2_adjusted_opex:upside/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/upside_2027q2_adjusted_opex:upside/caseNoneupside
/operating_model/cells/upside_2027q2_adjusted_opex:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_adjusted_opex:upside/formula/refs/0Noneupside_2027q2_revenue
/operating_model/cells/upside_2027q2_adjusted_opex:upside/formula/refs/1Noneupside_2027q2_opex_ratio
/operating_model/cells/upside_2027q2_adjusted_opex:upside/idNoneupside_2027q2_adjusted_opex
/operating_model/cells/upside_2027q2_adjusted_opex:upside/kindNonederived
/operating_model/cells/upside_2027q2_adjusted_opex:upside/labelNoneAdjusted cash operating expense
/operating_model/cells/upside_2027q2_adjusted_opex:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_adjusted_opex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_adjusted_opex:upside/valueNone548.2716550499999
/operating_model/cells/upside_2027q2_capex:upside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/upside_2027q2_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q2_capex:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_capex:upside/formula/refs/0Noneupside_2027q2_ordinary_capex
/operating_model/cells/upside_2027q2_capex:upside/formula/refs/1Noneupside_2027q2_peptide_cash
/operating_model/cells/upside_2027q2_capex:upside/idNoneupside_2027q2_capex
/operating_model/cells/upside_2027q2_capex:upside/kindNonederived
/operating_model/cells/upside_2027q2_capex:upside/labelNonePP&E and intangible cash purchases
/operating_model/cells/upside_2027q2_capex:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_capex:upside/valueNone40.0
/operating_model/cells/upside_2027q2_cash_before_uses:upside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/upside_2027q2_cash_before_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_before_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_cash_before_uses:upside/formula/refs/0Noneupside_2027q2_operating_income
/operating_model/cells/upside_2027q2_cash_before_uses:upside/formula/refs/1Noneupside_2027q2_sbc
/operating_model/cells/upside_2027q2_cash_before_uses:upside/formula/refs/2Noneupside_2027q2_da
/operating_model/cells/upside_2027q2_cash_before_uses:upside/formula/refs/3Noneupside_2027q2_net_cash_interest
/operating_model/cells/upside_2027q2_cash_before_uses:upside/idNoneupside_2027q2_cash_before_uses
/operating_model/cells/upside_2027q2_cash_before_uses:upside/kindNonederived
/operating_model/cells/upside_2027q2_cash_before_uses:upside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/upside_2027q2_cash_before_uses:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_before_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_before_uses:upside/valueNone178.86370406800006
/operating_model/cells/upside_2027q2_cash_election:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_cash_election:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_election:upside/idNoneupside_2027q2_cash_election
/operating_model/cells/upside_2027q2_cash_election:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_cash_election:upside/labelNoneAssumed cash election in stress
/operating_model/cells/upside_2027q2_cash_election:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_election:upside/unitNoneratio
/operating_model/cells/upside_2027q2_cash_election:upside/valueNone1.0
/operating_model/cells/upside_2027q2_cash_tax:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_tax:upside/idNoneupside_2027q2_cash_tax
/operating_model/cells/upside_2027q2_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2027q2_cash_tax:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_tax:upside/valueNone8.0
/operating_model/cells/upside_2027q2_cash_uses:upside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/upside_2027q2_cash_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cash_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_cash_uses:upside/formula/refs/0Noneupside_2027q2_legal_payment
/operating_model/cells/upside_2027q2_cash_uses:upside/formula/refs/1Noneupside_2027q2_net_rebate_payable_use
/operating_model/cells/upside_2027q2_cash_uses:upside/formula/refs/2Noneupside_2027q2_cash_tax
/operating_model/cells/upside_2027q2_cash_uses:upside/idNoneupside_2027q2_cash_uses
/operating_model/cells/upside_2027q2_cash_uses:upside/kindNonederived
/operating_model/cells/upside_2027q2_cash_uses:upside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/upside_2027q2_cash_uses:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cash_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cash_uses:upside/valueNone8.0
/operating_model/cells/upside_2027q2_cfo:upside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/upside_2027q2_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_cfo:upside/formula/refs/0Noneupside_2027q2_cash_before_uses
/operating_model/cells/upside_2027q2_cfo:upside/formula/refs/1Noneupside_2027q2_cash_uses
/operating_model/cells/upside_2027q2_cfo:upside/idNoneupside_2027q2_cfo
/operating_model/cells/upside_2027q2_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q2_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2027q2_cfo:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cfo:upside/valueNone170.86370406800006
/operating_model/cells/upside_2027q2_cogs_noncash:upside/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/upside_2027q2_cogs_noncash:upside/caseNoneupside
/operating_model/cells/upside_2027q2_cogs_noncash:upside/idNoneupside_2027q2_cogs_noncash
/operating_model/cells/upside_2027q2_cogs_noncash:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_cogs_noncash:upside/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/upside_2027q2_cogs_noncash:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_cogs_noncash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_cogs_noncash:upside/valueNone12.0
/operating_model/cells/upside_2027q2_company_fcf:upside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/upside_2027q2_company_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q2_company_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_company_fcf:upside/formula/refs/0Noneupside_2027q2_fcf
/operating_model/cells/upside_2027q2_company_fcf:upside/formula/refs/1Noneupside_2027q2_software
/operating_model/cells/upside_2027q2_company_fcf:upside/idNoneupside_2027q2_company_fcf
/operating_model/cells/upside_2027q2_company_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q2_company_fcf:upside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/upside_2027q2_company_fcf:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_company_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_company_fcf:upside/valueNone122.36370406800006
/operating_model/cells/upside_2027q2_da:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_da:upside/caseNoneupside
/operating_model/cells/upside_2027q2_da:upside/idNoneupside_2027q2_da
/operating_model/cells/upside_2027q2_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_da:upside/labelNoneDepreciation and amortization
/operating_model/cells/upside_2027q2_da:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_da:upside/valueNone43.0
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/caseNoneupside
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/formula/refs/1Noneupside_2027q2_cash_election
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/idNoneupside_2027q2_deferred_cash_stress
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/kindNonederived
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_deferred_cash_stress:upside/valueNone113.98333333333333
/operating_model/cells/upside_2027q2_fcf:upside/basisNoneGeneric historical cash definition.
/operating_model/cells/upside_2027q2_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q2_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_fcf:upside/formula/refs/0Noneupside_2027q2_cfo
/operating_model/cells/upside_2027q2_fcf:upside/formula/refs/1Noneupside_2027q2_capex
/operating_model/cells/upside_2027q2_fcf:upside/idNoneupside_2027q2_fcf
/operating_model/cells/upside_2027q2_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q2_fcf:upside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/upside_2027q2_fcf:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_fcf:upside/valueNone130.86370406800006
/operating_model/cells/upside_2027q2_funding_cash:upside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/upside_2027q2_funding_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q2_funding_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_funding_cash:upside/formula/refs/0Noneupside_2027q2_company_fcf
/operating_model/cells/upside_2027q2_funding_cash:upside/formula/refs/1Noneupside_2027q2_funding_uses
/operating_model/cells/upside_2027q2_funding_cash:upside/idNoneupside_2027q2_funding_cash
/operating_model/cells/upside_2027q2_funding_cash:upside/kindNonederived
/operating_model/cells/upside_2027q2_funding_cash:upside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/upside_2027q2_funding_cash:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_funding_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_funding_cash:upside/valueNone-35.61962926533329
/operating_model/cells/upside_2027q2_funding_uses:upside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/upside_2027q2_funding_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q2_funding_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_funding_uses:upside/formula/refs/0Noneupside_2027q2_deferred_cash_stress
/operating_model/cells/upside_2027q2_funding_uses:upside/formula/refs/1Noneupside_2027q2_withholding
/operating_model/cells/upside_2027q2_funding_uses:upside/idNoneupside_2027q2_funding_uses
/operating_model/cells/upside_2027q2_funding_uses:upside/kindNonederived
/operating_model/cells/upside_2027q2_funding_uses:upside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/upside_2027q2_funding_uses:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_funding_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_funding_uses:upside/valueNone157.98333333333335
/operating_model/cells/upside_2027q2_gross_profit:upside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/upside_2027q2_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2027q2_gross_profit:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_gross_profit:upside/formula/refs/0Noneupside_2027q2_us_gross
/operating_model/cells/upside_2027q2_gross_profit:upside/formula/refs/1Noneupside_2027q2_international_gross
/operating_model/cells/upside_2027q2_gross_profit:upside/idNoneupside_2027q2_gross_profit
/operating_model/cells/upside_2027q2_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2027q2_gross_profit:upside/labelNoneGAAP gross profit proxy
/operating_model/cells/upside_2027q2_gross_profit:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_gross_profit:upside/valueNone720.135359118
/operating_model/cells/upside_2027q2_integration:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_integration:upside/caseNoneupside
/operating_model/cells/upside_2027q2_integration:upside/idNoneupside_2027q2_integration
/operating_model/cells/upside_2027q2_integration:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_integration:upside/labelNoneCash transaction and integration expense
/operating_model/cells/upside_2027q2_integration:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_integration:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_integration:upside/valueNone5.0
/operating_model/cells/upside_2027q2_international:upside/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/upside_2027q2_international:upside/caseNoneupside
/operating_model/cells/upside_2027q2_international:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_international:upside/formula/refs/0Noneupside_fy27_international
/operating_model/cells/upside_2027q2_international:upside/formula/refs/1Noneupside_2027q2_weight
/operating_model/cells/upside_2027q2_international:upside/idNoneupside_2027q2_international
/operating_model/cells/upside_2027q2_international:upside/kindNonederived
/operating_model/cells/upside_2027q2_international:upside/labelNoneRest-of-world revenue
/operating_model/cells/upside_2027q2_international:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_international:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_international:upside/valueNone255.14091749999997
/operating_model/cells/upside_2027q2_international_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2027q2_international_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q2_international_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_international_gross:upside/formula/refs/0Noneupside_2027q2_international
/operating_model/cells/upside_2027q2_international_gross:upside/formula/refs/1Noneupside_2027q2_international_gross_margin
/operating_model/cells/upside_2027q2_international_gross:upside/idNoneupside_2027q2_international_gross
/operating_model/cells/upside_2027q2_international_gross:upside/kindNonederived
/operating_model/cells/upside_2027q2_international_gross:upside/labelNoneGAAP gross profit: international
/operating_model/cells/upside_2027q2_international_gross:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_international_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_international_gross:upside/valueNone147.98173214999997
/operating_model/cells/upside_2027q2_international_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_international_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q2_international_gross_margin:upside/idNoneupside_2027q2_international_gross_margin
/operating_model/cells/upside_2027q2_international_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_international_gross_margin:upside/labelNoneGAAP gross margin: international
/operating_model/cells/upside_2027q2_international_gross_margin:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_international_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q2_international_gross_margin:upside/valueNone0.58
/operating_model/cells/upside_2027q2_legal_payment:upside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/upside_2027q2_legal_payment:upside/caseNoneupside
/operating_model/cells/upside_2027q2_legal_payment:upside/idNoneupside_2027q2_legal_payment
/operating_model/cells/upside_2027q2_legal_payment:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_legal_payment:upside/labelNonePayment of existing June legal reserve
/operating_model/cells/upside_2027q2_legal_payment:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_legal_payment:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_legal_payment:upside/valueNone0.0
/operating_model/cells/upside_2027q2_net_cash_interest:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_net_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q2_net_cash_interest:upside/idNoneupside_2027q2_net_cash_interest
/operating_model/cells/upside_2027q2_net_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_net_cash_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2027q2_net_cash_interest:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_net_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_net_cash_interest:upside/valueNone3.0
/operating_model/cells/upside_2027q2_net_rebate_payable_use:upside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/upside_2027q2_net_rebate_payable_use:upside/caseNoneupside
/operating_model/cells/upside_2027q2_net_rebate_payable_use:upside/idNoneupside_2027q2_net_rebate_payable_use
/operating_model/cells/upside_2027q2_net_rebate_payable_use:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_net_rebate_payable_use:upside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/upside_2027q2_net_rebate_payable_use:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_net_rebate_payable_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_net_rebate_payable_use:upside/valueNone0.0
/operating_model/cells/upside_2027q2_operating_income:upside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/upside_2027q2_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q2_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q2_operating_income:upside/formula/refs/0Noneupside_2027q2_adjusted_ebitda
/operating_model/cells/upside_2027q2_operating_income:upside/formula/refs/1Noneupside_2027q2_adjusted_exclusions
/operating_model/cells/upside_2027q2_operating_income:upside/idNoneupside_2027q2_operating_income
/operating_model/cells/upside_2027q2_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q2_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2027q2_operating_income:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_operating_income:upside/valueNone67.86370406800006
/operating_model/cells/upside_2027q2_opex_ratio:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_opex_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q2_opex_ratio:upside/idNoneupside_2027q2_opex_ratio
/operating_model/cells/upside_2027q2_opex_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_opex_ratio:upside/labelNoneAdjusted cash opex / revenue
/operating_model/cells/upside_2027q2_opex_ratio:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_opex_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q2_opex_ratio:upside/valueNone0.5
/operating_model/cells/upside_2027q2_ordinary_capex:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_ordinary_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q2_ordinary_capex:upside/idNoneupside_2027q2_ordinary_capex
/operating_model/cells/upside_2027q2_ordinary_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_ordinary_capex:upside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/upside_2027q2_ordinary_capex:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_ordinary_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_ordinary_capex:upside/valueNone35.0
/operating_model/cells/upside_2027q2_peptide_cash:upside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/upside_2027q2_peptide_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q2_peptide_cash:upside/idNoneupside_2027q2_peptide_cash
/operating_model/cells/upside_2027q2_peptide_cash:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_peptide_cash:upside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/upside_2027q2_peptide_cash:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_peptide_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_peptide_cash:upside/valueNone5.0
/operating_model/cells/upside_2027q2_revenue:upside/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/upside_2027q2_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q2_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q2_revenue:upside/formula/refs/0Noneupside_2027q2_us
/operating_model/cells/upside_2027q2_revenue:upside/formula/refs/1Noneupside_2027q2_international
/operating_model/cells/upside_2027q2_revenue:upside/idNoneupside_2027q2_revenue
/operating_model/cells/upside_2027q2_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q2_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2027q2_revenue:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_revenue:upside/valueNone1096.5433100999999
/operating_model/cells/upside_2027q2_sbc:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q2_sbc:upside/idNoneupside_2027q2_sbc
/operating_model/cells/upside_2027q2_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_sbc:upside/labelNoneTotal equity compensation expense
/operating_model/cells/upside_2027q2_sbc:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_sbc:upside/valueNone65.0
/operating_model/cells/upside_2027q2_sbc_payroll:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_sbc_payroll:upside/caseNoneupside
/operating_model/cells/upside_2027q2_sbc_payroll:upside/idNoneupside_2027q2_sbc_payroll
/operating_model/cells/upside_2027q2_sbc_payroll:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_sbc_payroll:upside/labelNoneCash employer payroll tax on equity
/operating_model/cells/upside_2027q2_sbc_payroll:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_sbc_payroll:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_sbc_payroll:upside/valueNone3.0
/operating_model/cells/upside_2027q2_software:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_software:upside/caseNoneupside
/operating_model/cells/upside_2027q2_software:upside/idNoneupside_2027q2_software
/operating_model/cells/upside_2027q2_software:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_software:upside/labelNoneCapitalized software cash
/operating_model/cells/upside_2027q2_software:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_software:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_software:upside/valueNone8.5
/operating_model/cells/upside_2027q2_us:upside/basisNoneUS revenue timing assumption.
/operating_model/cells/upside_2027q2_us:upside/caseNoneupside
/operating_model/cells/upside_2027q2_us:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_us:upside/formula/refs/0Noneupside_fy27_us
/operating_model/cells/upside_2027q2_us:upside/formula/refs/1Noneupside_2027q2_weight
/operating_model/cells/upside_2027q2_us:upside/idNoneupside_2027q2_us
/operating_model/cells/upside_2027q2_us:upside/kindNonederived
/operating_model/cells/upside_2027q2_us:upside/labelNoneUS revenue
/operating_model/cells/upside_2027q2_us:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_us:upside/valueNone841.4023926
/operating_model/cells/upside_2027q2_us_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2027q2_us_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q2_us_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q2_us_gross:upside/formula/refs/0Noneupside_2027q2_us
/operating_model/cells/upside_2027q2_us_gross:upside/formula/refs/1Noneupside_2027q2_us_gross_margin
/operating_model/cells/upside_2027q2_us_gross:upside/idNoneupside_2027q2_us_gross
/operating_model/cells/upside_2027q2_us_gross:upside/kindNonederived
/operating_model/cells/upside_2027q2_us_gross:upside/labelNoneGAAP gross profit: us
/operating_model/cells/upside_2027q2_us_gross:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_us_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_us_gross:upside/valueNone572.153626968
/operating_model/cells/upside_2027q2_us_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_us_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q2_us_gross_margin:upside/idNoneupside_2027q2_us_gross_margin
/operating_model/cells/upside_2027q2_us_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_us_gross_margin:upside/labelNoneGAAP gross margin: us
/operating_model/cells/upside_2027q2_us_gross_margin:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_us_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q2_us_gross_margin:upside/valueNone0.68
/operating_model/cells/upside_2027q2_weight:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_weight:upside/caseNoneupside
/operating_model/cells/upside_2027q2_weight:upside/idNoneupside_2027q2_weight
/operating_model/cells/upside_2027q2_weight:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_weight:upside/labelNoneAnnual revenue quarter share
/operating_model/cells/upside_2027q2_weight:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_weight:upside/unitNoneratio
/operating_model/cells/upside_2027q2_weight:upside/valueNone0.245
/operating_model/cells/upside_2027q2_withholding:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q2_withholding:upside/caseNoneupside
/operating_model/cells/upside_2027q2_withholding:upside/idNoneupside_2027q2_withholding
/operating_model/cells/upside_2027q2_withholding:upside/kindNoneassumption
/operating_model/cells/upside_2027q2_withholding:upside/labelNoneAward tax withholding cash
/operating_model/cells/upside_2027q2_withholding:upside/periodNone2027Q2
/operating_model/cells/upside_2027q2_withholding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q2_withholding:upside/valueNone44.0
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/formula/refs/0Noneupside_2027q3_adjusted_gross
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/formula/refs/1Noneupside_2027q3_adjusted_opex
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/idNoneupside_2027q3_adjusted_ebitda
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/kindNonederived
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/labelNoneAdjusted EBITDA
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_adjusted_ebitda:upside/valueNone190.8785491320001
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/caseNoneupside
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/formula/refs/0Noneupside_2027q3_sbc
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/formula/refs/1Noneupside_2027q3_da
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/formula/refs/2Noneupside_2027q3_sbc_payroll
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/formula/refs/3Noneupside_2027q3_integration
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/idNoneupside_2027q3_adjusted_exclusions
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/kindNonederived
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_adjusted_exclusions:upside/valueNone121.0
/operating_model/cells/upside_2027q3_adjusted_gross:upside/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/upside_2027q3_adjusted_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q3_adjusted_gross:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_adjusted_gross:upside/formula/refs/0Noneupside_2027q3_gross_profit
/operating_model/cells/upside_2027q3_adjusted_gross:upside/formula/refs/1Noneupside_2027q3_cogs_noncash
/operating_model/cells/upside_2027q3_adjusted_gross:upside/idNoneupside_2027q3_adjusted_gross
/operating_model/cells/upside_2027q3_adjusted_gross:upside/kindNonederived
/operating_model/cells/upside_2027q3_adjusted_gross:upside/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/upside_2027q3_adjusted_gross:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_adjusted_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_adjusted_gross:upside/valueNone761.5286390820002
/operating_model/cells/upside_2027q3_adjusted_opex:upside/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/upside_2027q3_adjusted_opex:upside/caseNoneupside
/operating_model/cells/upside_2027q3_adjusted_opex:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_adjusted_opex:upside/formula/refs/0Noneupside_2027q3_revenue
/operating_model/cells/upside_2027q3_adjusted_opex:upside/formula/refs/1Noneupside_2027q3_opex_ratio
/operating_model/cells/upside_2027q3_adjusted_opex:upside/idNoneupside_2027q3_adjusted_opex
/operating_model/cells/upside_2027q3_adjusted_opex:upside/kindNonederived
/operating_model/cells/upside_2027q3_adjusted_opex:upside/labelNoneAdjusted cash operating expense
/operating_model/cells/upside_2027q3_adjusted_opex:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_adjusted_opex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_adjusted_opex:upside/valueNone570.65008995
/operating_model/cells/upside_2027q3_capex:upside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/upside_2027q3_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q3_capex:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_capex:upside/formula/refs/0Noneupside_2027q3_ordinary_capex
/operating_model/cells/upside_2027q3_capex:upside/formula/refs/1Noneupside_2027q3_peptide_cash
/operating_model/cells/upside_2027q3_capex:upside/idNoneupside_2027q3_capex
/operating_model/cells/upside_2027q3_capex:upside/kindNonederived
/operating_model/cells/upside_2027q3_capex:upside/labelNonePP&E and intangible cash purchases
/operating_model/cells/upside_2027q3_capex:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_capex:upside/valueNone35.0
/operating_model/cells/upside_2027q3_cash_before_uses:upside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/upside_2027q3_cash_before_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_before_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_cash_before_uses:upside/formula/refs/0Noneupside_2027q3_operating_income
/operating_model/cells/upside_2027q3_cash_before_uses:upside/formula/refs/1Noneupside_2027q3_sbc
/operating_model/cells/upside_2027q3_cash_before_uses:upside/formula/refs/2Noneupside_2027q3_da
/operating_model/cells/upside_2027q3_cash_before_uses:upside/formula/refs/3Noneupside_2027q3_net_cash_interest
/operating_model/cells/upside_2027q3_cash_before_uses:upside/idNoneupside_2027q3_cash_before_uses
/operating_model/cells/upside_2027q3_cash_before_uses:upside/kindNonederived
/operating_model/cells/upside_2027q3_cash_before_uses:upside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/upside_2027q3_cash_before_uses:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_before_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_before_uses:upside/valueNone185.8785491320001
/operating_model/cells/upside_2027q3_cash_election:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_cash_election:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_election:upside/idNoneupside_2027q3_cash_election
/operating_model/cells/upside_2027q3_cash_election:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_cash_election:upside/labelNoneAssumed cash election in stress
/operating_model/cells/upside_2027q3_cash_election:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_election:upside/unitNoneratio
/operating_model/cells/upside_2027q3_cash_election:upside/valueNone1.0
/operating_model/cells/upside_2027q3_cash_tax:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_tax:upside/idNoneupside_2027q3_cash_tax
/operating_model/cells/upside_2027q3_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2027q3_cash_tax:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_tax:upside/valueNone8.0
/operating_model/cells/upside_2027q3_cash_uses:upside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/upside_2027q3_cash_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cash_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_cash_uses:upside/formula/refs/0Noneupside_2027q3_legal_payment
/operating_model/cells/upside_2027q3_cash_uses:upside/formula/refs/1Noneupside_2027q3_net_rebate_payable_use
/operating_model/cells/upside_2027q3_cash_uses:upside/formula/refs/2Noneupside_2027q3_cash_tax
/operating_model/cells/upside_2027q3_cash_uses:upside/idNoneupside_2027q3_cash_uses
/operating_model/cells/upside_2027q3_cash_uses:upside/kindNonederived
/operating_model/cells/upside_2027q3_cash_uses:upside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/upside_2027q3_cash_uses:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cash_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cash_uses:upside/valueNone18.0
/operating_model/cells/upside_2027q3_cfo:upside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/upside_2027q3_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_cfo:upside/formula/refs/0Noneupside_2027q3_cash_before_uses
/operating_model/cells/upside_2027q3_cfo:upside/formula/refs/1Noneupside_2027q3_cash_uses
/operating_model/cells/upside_2027q3_cfo:upside/idNoneupside_2027q3_cfo
/operating_model/cells/upside_2027q3_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q3_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2027q3_cfo:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cfo:upside/valueNone167.8785491320001
/operating_model/cells/upside_2027q3_cogs_noncash:upside/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/upside_2027q3_cogs_noncash:upside/caseNoneupside
/operating_model/cells/upside_2027q3_cogs_noncash:upside/idNoneupside_2027q3_cogs_noncash
/operating_model/cells/upside_2027q3_cogs_noncash:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_cogs_noncash:upside/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/upside_2027q3_cogs_noncash:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_cogs_noncash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_cogs_noncash:upside/valueNone12.0
/operating_model/cells/upside_2027q3_company_fcf:upside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/upside_2027q3_company_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q3_company_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_company_fcf:upside/formula/refs/0Noneupside_2027q3_fcf
/operating_model/cells/upside_2027q3_company_fcf:upside/formula/refs/1Noneupside_2027q3_software
/operating_model/cells/upside_2027q3_company_fcf:upside/idNoneupside_2027q3_company_fcf
/operating_model/cells/upside_2027q3_company_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q3_company_fcf:upside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/upside_2027q3_company_fcf:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_company_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_company_fcf:upside/valueNone123.8785491320001
/operating_model/cells/upside_2027q3_da:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_da:upside/caseNoneupside
/operating_model/cells/upside_2027q3_da:upside/idNoneupside_2027q3_da
/operating_model/cells/upside_2027q3_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_da:upside/labelNoneDepreciation and amortization
/operating_model/cells/upside_2027q3_da:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_da:upside/valueNone43.0
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/caseNoneupside
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/formula/refs/1Noneupside_2027q3_cash_election
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/idNoneupside_2027q3_deferred_cash_stress
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/kindNonederived
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_deferred_cash_stress:upside/valueNone113.98333333333333
/operating_model/cells/upside_2027q3_fcf:upside/basisNoneGeneric historical cash definition.
/operating_model/cells/upside_2027q3_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q3_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_fcf:upside/formula/refs/0Noneupside_2027q3_cfo
/operating_model/cells/upside_2027q3_fcf:upside/formula/refs/1Noneupside_2027q3_capex
/operating_model/cells/upside_2027q3_fcf:upside/idNoneupside_2027q3_fcf
/operating_model/cells/upside_2027q3_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q3_fcf:upside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/upside_2027q3_fcf:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_fcf:upside/valueNone132.8785491320001
/operating_model/cells/upside_2027q3_funding_cash:upside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/upside_2027q3_funding_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q3_funding_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_funding_cash:upside/formula/refs/0Noneupside_2027q3_company_fcf
/operating_model/cells/upside_2027q3_funding_cash:upside/formula/refs/1Noneupside_2027q3_funding_uses
/operating_model/cells/upside_2027q3_funding_cash:upside/idNoneupside_2027q3_funding_cash
/operating_model/cells/upside_2027q3_funding_cash:upside/kindNonederived
/operating_model/cells/upside_2027q3_funding_cash:upside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/upside_2027q3_funding_cash:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_funding_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_funding_cash:upside/valueNone-37.104784201333246
/operating_model/cells/upside_2027q3_funding_uses:upside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/upside_2027q3_funding_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q3_funding_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_funding_uses:upside/formula/refs/0Noneupside_2027q3_deferred_cash_stress
/operating_model/cells/upside_2027q3_funding_uses:upside/formula/refs/1Noneupside_2027q3_withholding
/operating_model/cells/upside_2027q3_funding_uses:upside/idNoneupside_2027q3_funding_uses
/operating_model/cells/upside_2027q3_funding_uses:upside/kindNonederived
/operating_model/cells/upside_2027q3_funding_uses:upside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/upside_2027q3_funding_uses:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_funding_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_funding_uses:upside/valueNone160.98333333333335
/operating_model/cells/upside_2027q3_gross_profit:upside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/upside_2027q3_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2027q3_gross_profit:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_gross_profit:upside/formula/refs/0Noneupside_2027q3_us_gross
/operating_model/cells/upside_2027q3_gross_profit:upside/formula/refs/1Noneupside_2027q3_international_gross
/operating_model/cells/upside_2027q3_gross_profit:upside/idNoneupside_2027q3_gross_profit
/operating_model/cells/upside_2027q3_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2027q3_gross_profit:upside/labelNoneGAAP gross profit proxy
/operating_model/cells/upside_2027q3_gross_profit:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_gross_profit:upside/valueNone749.5286390820002
/operating_model/cells/upside_2027q3_integration:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_integration:upside/caseNoneupside
/operating_model/cells/upside_2027q3_integration:upside/idNoneupside_2027q3_integration
/operating_model/cells/upside_2027q3_integration:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_integration:upside/labelNoneCash transaction and integration expense
/operating_model/cells/upside_2027q3_integration:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_integration:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_integration:upside/valueNone5.0
/operating_model/cells/upside_2027q3_international:upside/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/upside_2027q3_international:upside/caseNoneupside
/operating_model/cells/upside_2027q3_international:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_international:upside/formula/refs/0Noneupside_fy27_international
/operating_model/cells/upside_2027q3_international:upside/formula/refs/1Noneupside_2027q3_weight
/operating_model/cells/upside_2027q3_international:upside/idNoneupside_2027q3_international
/operating_model/cells/upside_2027q3_international:upside/kindNonederived
/operating_model/cells/upside_2027q3_international:upside/labelNoneRest-of-world revenue
/operating_model/cells/upside_2027q3_international:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_international:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_international:upside/valueNone265.5548325
/operating_model/cells/upside_2027q3_international_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2027q3_international_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q3_international_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_international_gross:upside/formula/refs/0Noneupside_2027q3_international
/operating_model/cells/upside_2027q3_international_gross:upside/formula/refs/1Noneupside_2027q3_international_gross_margin
/operating_model/cells/upside_2027q3_international_gross:upside/idNoneupside_2027q3_international_gross
/operating_model/cells/upside_2027q3_international_gross:upside/kindNonederived
/operating_model/cells/upside_2027q3_international_gross:upside/labelNoneGAAP gross profit: international
/operating_model/cells/upside_2027q3_international_gross:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_international_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_international_gross:upside/valueNone154.02180284999997
/operating_model/cells/upside_2027q3_international_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_international_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q3_international_gross_margin:upside/idNoneupside_2027q3_international_gross_margin
/operating_model/cells/upside_2027q3_international_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_international_gross_margin:upside/labelNoneGAAP gross margin: international
/operating_model/cells/upside_2027q3_international_gross_margin:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_international_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q3_international_gross_margin:upside/valueNone0.58
/operating_model/cells/upside_2027q3_legal_payment:upside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/upside_2027q3_legal_payment:upside/caseNoneupside
/operating_model/cells/upside_2027q3_legal_payment:upside/idNoneupside_2027q3_legal_payment
/operating_model/cells/upside_2027q3_legal_payment:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_legal_payment:upside/labelNonePayment of existing June legal reserve
/operating_model/cells/upside_2027q3_legal_payment:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_legal_payment:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_legal_payment:upside/valueNone0.0
/operating_model/cells/upside_2027q3_net_cash_interest:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_net_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q3_net_cash_interest:upside/idNoneupside_2027q3_net_cash_interest
/operating_model/cells/upside_2027q3_net_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_net_cash_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2027q3_net_cash_interest:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_net_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_net_cash_interest:upside/valueNone3.0
/operating_model/cells/upside_2027q3_net_rebate_payable_use:upside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/upside_2027q3_net_rebate_payable_use:upside/caseNoneupside
/operating_model/cells/upside_2027q3_net_rebate_payable_use:upside/idNoneupside_2027q3_net_rebate_payable_use
/operating_model/cells/upside_2027q3_net_rebate_payable_use:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_net_rebate_payable_use:upside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/upside_2027q3_net_rebate_payable_use:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_net_rebate_payable_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_net_rebate_payable_use:upside/valueNone10.0
/operating_model/cells/upside_2027q3_operating_income:upside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/upside_2027q3_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q3_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q3_operating_income:upside/formula/refs/0Noneupside_2027q3_adjusted_ebitda
/operating_model/cells/upside_2027q3_operating_income:upside/formula/refs/1Noneupside_2027q3_adjusted_exclusions
/operating_model/cells/upside_2027q3_operating_income:upside/idNoneupside_2027q3_operating_income
/operating_model/cells/upside_2027q3_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q3_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2027q3_operating_income:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_operating_income:upside/valueNone69.8785491320001
/operating_model/cells/upside_2027q3_opex_ratio:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_opex_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q3_opex_ratio:upside/idNoneupside_2027q3_opex_ratio
/operating_model/cells/upside_2027q3_opex_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_opex_ratio:upside/labelNoneAdjusted cash opex / revenue
/operating_model/cells/upside_2027q3_opex_ratio:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_opex_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q3_opex_ratio:upside/valueNone0.5
/operating_model/cells/upside_2027q3_ordinary_capex:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_ordinary_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q3_ordinary_capex:upside/idNoneupside_2027q3_ordinary_capex
/operating_model/cells/upside_2027q3_ordinary_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_ordinary_capex:upside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/upside_2027q3_ordinary_capex:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_ordinary_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_ordinary_capex:upside/valueNone35.0
/operating_model/cells/upside_2027q3_peptide_cash:upside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/upside_2027q3_peptide_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q3_peptide_cash:upside/idNoneupside_2027q3_peptide_cash
/operating_model/cells/upside_2027q3_peptide_cash:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_peptide_cash:upside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/upside_2027q3_peptide_cash:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_peptide_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_peptide_cash:upside/valueNone0.0
/operating_model/cells/upside_2027q3_revenue:upside/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/upside_2027q3_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q3_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q3_revenue:upside/formula/refs/0Noneupside_2027q3_us
/operating_model/cells/upside_2027q3_revenue:upside/formula/refs/1Noneupside_2027q3_international
/operating_model/cells/upside_2027q3_revenue:upside/idNoneupside_2027q3_revenue
/operating_model/cells/upside_2027q3_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q3_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2027q3_revenue:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_revenue:upside/valueNone1141.3001799
/operating_model/cells/upside_2027q3_sbc:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q3_sbc:upside/idNoneupside_2027q3_sbc
/operating_model/cells/upside_2027q3_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_sbc:upside/labelNoneTotal equity compensation expense
/operating_model/cells/upside_2027q3_sbc:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_sbc:upside/valueNone70.0
/operating_model/cells/upside_2027q3_sbc_payroll:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_sbc_payroll:upside/caseNoneupside
/operating_model/cells/upside_2027q3_sbc_payroll:upside/idNoneupside_2027q3_sbc_payroll
/operating_model/cells/upside_2027q3_sbc_payroll:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_sbc_payroll:upside/labelNoneCash employer payroll tax on equity
/operating_model/cells/upside_2027q3_sbc_payroll:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_sbc_payroll:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_sbc_payroll:upside/valueNone3.0
/operating_model/cells/upside_2027q3_software:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_software:upside/caseNoneupside
/operating_model/cells/upside_2027q3_software:upside/idNoneupside_2027q3_software
/operating_model/cells/upside_2027q3_software:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_software:upside/labelNoneCapitalized software cash
/operating_model/cells/upside_2027q3_software:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_software:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_software:upside/valueNone9.0
/operating_model/cells/upside_2027q3_us:upside/basisNoneUS revenue timing assumption.
/operating_model/cells/upside_2027q3_us:upside/caseNoneupside
/operating_model/cells/upside_2027q3_us:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_us:upside/formula/refs/0Noneupside_fy27_us
/operating_model/cells/upside_2027q3_us:upside/formula/refs/1Noneupside_2027q3_weight
/operating_model/cells/upside_2027q3_us:upside/idNoneupside_2027q3_us
/operating_model/cells/upside_2027q3_us:upside/kindNonederived
/operating_model/cells/upside_2027q3_us:upside/labelNoneUS revenue
/operating_model/cells/upside_2027q3_us:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_us:upside/valueNone875.7453474000001
/operating_model/cells/upside_2027q3_us_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2027q3_us_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q3_us_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q3_us_gross:upside/formula/refs/0Noneupside_2027q3_us
/operating_model/cells/upside_2027q3_us_gross:upside/formula/refs/1Noneupside_2027q3_us_gross_margin
/operating_model/cells/upside_2027q3_us_gross:upside/idNoneupside_2027q3_us_gross
/operating_model/cells/upside_2027q3_us_gross:upside/kindNonederived
/operating_model/cells/upside_2027q3_us_gross:upside/labelNoneGAAP gross profit: us
/operating_model/cells/upside_2027q3_us_gross:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_us_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_us_gross:upside/valueNone595.5068362320002
/operating_model/cells/upside_2027q3_us_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_us_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q3_us_gross_margin:upside/idNoneupside_2027q3_us_gross_margin
/operating_model/cells/upside_2027q3_us_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_us_gross_margin:upside/labelNoneGAAP gross margin: us
/operating_model/cells/upside_2027q3_us_gross_margin:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_us_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q3_us_gross_margin:upside/valueNone0.68
/operating_model/cells/upside_2027q3_weight:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_weight:upside/caseNoneupside
/operating_model/cells/upside_2027q3_weight:upside/idNoneupside_2027q3_weight
/operating_model/cells/upside_2027q3_weight:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_weight:upside/labelNoneAnnual revenue quarter share
/operating_model/cells/upside_2027q3_weight:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_weight:upside/unitNoneratio
/operating_model/cells/upside_2027q3_weight:upside/valueNone0.255
/operating_model/cells/upside_2027q3_withholding:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q3_withholding:upside/caseNoneupside
/operating_model/cells/upside_2027q3_withholding:upside/idNoneupside_2027q3_withholding
/operating_model/cells/upside_2027q3_withholding:upside/kindNoneassumption
/operating_model/cells/upside_2027q3_withholding:upside/labelNoneAward tax withholding cash
/operating_model/cells/upside_2027q3_withholding:upside/periodNone2027Q3
/operating_model/cells/upside_2027q3_withholding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q3_withholding:upside/valueNone47.0
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/basisNoneDesk cash expense structure, not a company 2027 target.
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/caseNoneupside
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/formula/refs/0Noneupside_2027q4_adjusted_gross
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/formula/refs/1Noneupside_2027q4_adjusted_opex
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/idNoneupside_2027q4_adjusted_ebitda
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/kindNonederived
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/labelNoneAdjusted EBITDA
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_adjusted_ebitda:upside/valueNone201.4008167280001
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/basisNoneNoncash costs and excluded cash costs are distinct. No repeat of the already booked legal reserve or assumed fair-value gain.
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/caseNoneupside
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/formula/refs/0Noneupside_2027q4_sbc
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/formula/refs/1Noneupside_2027q4_da
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/formula/refs/2Noneupside_2027q4_sbc_payroll
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/formula/refs/3Noneupside_2027q4_integration
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/idNoneupside_2027q4_adjusted_exclusions
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/kindNonederived
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/labelNoneGAAP operating costs excluded from adjusted EBITDA
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_adjusted_exclusions:upside/valueNone127.0
/operating_model/cells/upside_2027q4_adjusted_gross:upside/basisNoneReconcile the GAAP gross-profit starting point before subtracting adjusted cash opex.
/operating_model/cells/upside_2027q4_adjusted_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q4_adjusted_gross:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_adjusted_gross:upside/formula/refs/0Noneupside_2027q4_gross_profit
/operating_model/cells/upside_2027q4_adjusted_gross:upside/formula/refs/1Noneupside_2027q4_cogs_noncash
/operating_model/cells/upside_2027q4_adjusted_gross:upside/idNoneupside_2027q4_adjusted_gross
/operating_model/cells/upside_2027q4_adjusted_gross:upside/kindNonederived
/operating_model/cells/upside_2027q4_adjusted_gross:upside/labelNoneGross profit before cost-of-sales noncash charges
/operating_model/cells/upside_2027q4_adjusted_gross:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_adjusted_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_adjusted_gross:upside/valueNone805.6185590280002
/operating_model/cells/upside_2027q4_adjusted_opex:upside/basisNoneDesk cost ratio excludes SBC, DA, employer equity taxes and integration costs.
/operating_model/cells/upside_2027q4_adjusted_opex:upside/caseNoneupside
/operating_model/cells/upside_2027q4_adjusted_opex:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_adjusted_opex:upside/formula/refs/0Noneupside_2027q4_revenue
/operating_model/cells/upside_2027q4_adjusted_opex:upside/formula/refs/1Noneupside_2027q4_opex_ratio
/operating_model/cells/upside_2027q4_adjusted_opex:upside/idNoneupside_2027q4_adjusted_opex
/operating_model/cells/upside_2027q4_adjusted_opex:upside/kindNonederived
/operating_model/cells/upside_2027q4_adjusted_opex:upside/labelNoneAdjusted cash operating expense
/operating_model/cells/upside_2027q4_adjusted_opex:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_adjusted_opex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_adjusted_opex:upside/valueNone604.2177423
/operating_model/cells/upside_2027q4_capex:upside/basisNoneTechnology milestone cash is included here, not deducted again below.
/operating_model/cells/upside_2027q4_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q4_capex:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_capex:upside/formula/refs/0Noneupside_2027q4_ordinary_capex
/operating_model/cells/upside_2027q4_capex:upside/formula/refs/1Noneupside_2027q4_peptide_cash
/operating_model/cells/upside_2027q4_capex:upside/idNoneupside_2027q4_capex
/operating_model/cells/upside_2027q4_capex:upside/kindNonederived
/operating_model/cells/upside_2027q4_capex:upside/labelNonePP&E and intangible cash purchases
/operating_model/cells/upside_2027q4_capex:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_capex:upside/valueNone35.0
/operating_model/cells/upside_2027q4_cash_before_uses:upside/basisNoneZero-coupon convert principal and proceeds are not operating cash.
/operating_model/cells/upside_2027q4_cash_before_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_before_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_cash_before_uses:upside/formula/refs/0Noneupside_2027q4_operating_income
/operating_model/cells/upside_2027q4_cash_before_uses:upside/formula/refs/1Noneupside_2027q4_sbc
/operating_model/cells/upside_2027q4_cash_before_uses:upside/formula/refs/2Noneupside_2027q4_da
/operating_model/cells/upside_2027q4_cash_before_uses:upside/formula/refs/3Noneupside_2027q4_net_cash_interest
/operating_model/cells/upside_2027q4_cash_before_uses:upside/idNoneupside_2027q4_cash_before_uses
/operating_model/cells/upside_2027q4_cash_before_uses:upside/kindNonederived
/operating_model/cells/upside_2027q4_cash_before_uses:upside/labelNoneOperating income plus noncash costs and interest
/operating_model/cells/upside_2027q4_cash_before_uses:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_before_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_before_uses:upside/valueNone196.4008167280001
/operating_model/cells/upside_2027q4_cash_election:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_cash_election:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_election:upside/idNoneupside_2027q4_cash_election
/operating_model/cells/upside_2027q4_cash_election:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_cash_election:upside/labelNoneAssumed cash election in stress
/operating_model/cells/upside_2027q4_cash_election:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_election:upside/unitNoneratio
/operating_model/cells/upside_2027q4_cash_election:upside/valueNone1.0
/operating_model/cells/upside_2027q4_cash_tax:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_cash_tax:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_tax:upside/idNoneupside_2027q4_cash_tax
/operating_model/cells/upside_2027q4_cash_tax:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_cash_tax:upside/labelNoneCash tax allowance
/operating_model/cells/upside_2027q4_cash_tax:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_tax:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_tax:upside/valueNone8.0
/operating_model/cells/upside_2027q4_cash_uses:upside/basisNoneCash integration and payroll costs remain in operating income and are not added back.
/operating_model/cells/upside_2027q4_cash_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cash_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_cash_uses:upside/formula/refs/0Noneupside_2027q4_legal_payment
/operating_model/cells/upside_2027q4_cash_uses:upside/formula/refs/1Noneupside_2027q4_net_rebate_payable_use
/operating_model/cells/upside_2027q4_cash_uses:upside/formula/refs/2Noneupside_2027q4_cash_tax
/operating_model/cells/upside_2027q4_cash_uses:upside/idNoneupside_2027q4_cash_uses
/operating_model/cells/upside_2027q4_cash_uses:upside/kindNonederived
/operating_model/cells/upside_2027q4_cash_uses:upside/labelNoneTaxes, working capital and existing-reserve payments
/operating_model/cells/upside_2027q4_cash_uses:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cash_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cash_uses:upside/valueNone3.0
/operating_model/cells/upside_2027q4_cfo:upside/basisNoneFacility capacity, share issuance and M&A payments are outside operating cash.
/operating_model/cells/upside_2027q4_cfo:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cfo:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_cfo:upside/formula/refs/0Noneupside_2027q4_cash_before_uses
/operating_model/cells/upside_2027q4_cfo:upside/formula/refs/1Noneupside_2027q4_cash_uses
/operating_model/cells/upside_2027q4_cfo:upside/idNoneupside_2027q4_cfo
/operating_model/cells/upside_2027q4_cfo:upside/kindNonederived
/operating_model/cells/upside_2027q4_cfo:upside/labelNoneOperating cash flow
/operating_model/cells/upside_2027q4_cfo:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cfo:upside/valueNone193.4008167280001
/operating_model/cells/upside_2027q4_cogs_noncash:upside/basisNoneProvisional cost-of-revenue allocation; already included in total DA/SBC below.
/operating_model/cells/upside_2027q4_cogs_noncash:upside/caseNoneupside
/operating_model/cells/upside_2027q4_cogs_noncash:upside/idNoneupside_2027q4_cogs_noncash
/operating_model/cells/upside_2027q4_cogs_noncash:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_cogs_noncash:upside/labelNoneNoncash DA/SBC included in GAAP cost of sales
/operating_model/cells/upside_2027q4_cogs_noncash:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_cogs_noncash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_cogs_noncash:upside/valueNone12.0
/operating_model/cells/upside_2027q4_company_fcf:upside/basisNoneMatches the scope of current company FCF; acquisition consideration remains separate.
/operating_model/cells/upside_2027q4_company_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q4_company_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_company_fcf:upside/formula/refs/0Noneupside_2027q4_fcf
/operating_model/cells/upside_2027q4_company_fcf:upside/formula/refs/1Noneupside_2027q4_software
/operating_model/cells/upside_2027q4_company_fcf:upside/idNoneupside_2027q4_company_fcf
/operating_model/cells/upside_2027q4_company_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q4_company_fcf:upside/labelNoneCFO less PP&E/intangibles/software
/operating_model/cells/upside_2027q4_company_fcf:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_company_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_company_fcf:upside/valueNone148.9008167280001
/operating_model/cells/upside_2027q4_da:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_da:upside/caseNoneupside
/operating_model/cells/upside_2027q4_da:upside/idNoneupside_2027q4_da
/operating_model/cells/upside_2027q4_da:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_da:upside/labelNoneDepreciation and amortization
/operating_model/cells/upside_2027q4_da:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_da:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_da:upside/valueNone43.0
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/basisNoneAll-cash equal phasing is a sensitivity, not a contractual schedule or forecast of management election.
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/caseNoneupside
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/formula/refs/0Nonecash_installment_stress
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/formula/refs/1Noneupside_2027q4_cash_election
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/idNoneupside_2027q4_deferred_cash_stress
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/kindNonederived
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/labelNoneEucalyptus deferred cash stress
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_deferred_cash_stress:upside/valueNone113.98333333333333
/operating_model/cells/upside_2027q4_fcf:upside/basisNoneGeneric historical cash definition.
/operating_model/cells/upside_2027q4_fcf:upside/caseNoneupside
/operating_model/cells/upside_2027q4_fcf:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_fcf:upside/formula/refs/0Noneupside_2027q4_cfo
/operating_model/cells/upside_2027q4_fcf:upside/formula/refs/1Noneupside_2027q4_capex
/operating_model/cells/upside_2027q4_fcf:upside/idNoneupside_2027q4_fcf
/operating_model/cells/upside_2027q4_fcf:upside/kindNonederived
/operating_model/cells/upside_2027q4_fcf:upside/labelNoneCFO less PP&E/intangibles
/operating_model/cells/upside_2027q4_fcf:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_fcf:upside/valueNone158.4008167280001
/operating_model/cells/upside_2027q4_funding_cash:upside/basisNoneNot consolidated change in cash or a liquidity covenant calculation.
/operating_model/cells/upside_2027q4_funding_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q4_funding_cash:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_funding_cash:upside/formula/refs/0Noneupside_2027q4_company_fcf
/operating_model/cells/upside_2027q4_funding_cash:upside/formula/refs/1Noneupside_2027q4_funding_uses
/operating_model/cells/upside_2027q4_funding_cash:upside/idNoneupside_2027q4_funding_cash
/operating_model/cells/upside_2027q4_funding_cash:upside/kindNonederived
/operating_model/cells/upside_2027q4_funding_cash:upside/labelNoneCash after acquisition/award funding stress
/operating_model/cells/upside_2027q4_funding_cash:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_funding_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_funding_cash:upside/valueNone-15.08251660533324
/operating_model/cells/upside_2027q4_funding_uses:upside/basisNoneExcludes additional earnouts, other acquisitions, buybacks and debt principal.
/operating_model/cells/upside_2027q4_funding_uses:upside/caseNoneupside
/operating_model/cells/upside_2027q4_funding_uses:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_funding_uses:upside/formula/refs/0Noneupside_2027q4_deferred_cash_stress
/operating_model/cells/upside_2027q4_funding_uses:upside/formula/refs/1Noneupside_2027q4_withholding
/operating_model/cells/upside_2027q4_funding_uses:upside/idNoneupside_2027q4_funding_uses
/operating_model/cells/upside_2027q4_funding_uses:upside/kindNonederived
/operating_model/cells/upside_2027q4_funding_uses:upside/labelNoneAcquisition stress and equity award cash
/operating_model/cells/upside_2027q4_funding_uses:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_funding_uses:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_funding_uses:upside/valueNone163.98333333333335
/operating_model/cells/upside_2027q4_gross_profit:upside/basisNoneBranded-product mix and acquired international economics; no return to old compounding margins assumed.
/operating_model/cells/upside_2027q4_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_2027q4_gross_profit:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_gross_profit:upside/formula/refs/0Noneupside_2027q4_us_gross
/operating_model/cells/upside_2027q4_gross_profit:upside/formula/refs/1Noneupside_2027q4_international_gross
/operating_model/cells/upside_2027q4_gross_profit:upside/idNoneupside_2027q4_gross_profit
/operating_model/cells/upside_2027q4_gross_profit:upside/kindNonederived
/operating_model/cells/upside_2027q4_gross_profit:upside/labelNoneGAAP gross profit proxy
/operating_model/cells/upside_2027q4_gross_profit:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_gross_profit:upside/valueNone793.6185590280002
/operating_model/cells/upside_2027q4_integration:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_integration:upside/caseNoneupside
/operating_model/cells/upside_2027q4_integration:upside/idNoneupside_2027q4_integration
/operating_model/cells/upside_2027q4_integration:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_integration:upside/labelNoneCash transaction and integration expense
/operating_model/cells/upside_2027q4_integration:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_integration:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_integration:upside/valueNone5.0
/operating_model/cells/upside_2027q4_international:upside/basisNoneExisting acquired perimeter; no further M&A assumed.
/operating_model/cells/upside_2027q4_international:upside/caseNoneupside
/operating_model/cells/upside_2027q4_international:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_international:upside/formula/refs/0Noneupside_fy27_international
/operating_model/cells/upside_2027q4_international:upside/formula/refs/1Noneupside_2027q4_weight
/operating_model/cells/upside_2027q4_international:upside/idNoneupside_2027q4_international
/operating_model/cells/upside_2027q4_international:upside/kindNonederived
/operating_model/cells/upside_2027q4_international:upside/labelNoneRest-of-world revenue
/operating_model/cells/upside_2027q4_international:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_international:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_international:upside/valueNone281.175705
/operating_model/cells/upside_2027q4_international_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2027q4_international_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q4_international_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_international_gross:upside/formula/refs/0Noneupside_2027q4_international
/operating_model/cells/upside_2027q4_international_gross:upside/formula/refs/1Noneupside_2027q4_international_gross_margin
/operating_model/cells/upside_2027q4_international_gross:upside/idNoneupside_2027q4_international_gross
/operating_model/cells/upside_2027q4_international_gross:upside/kindNonederived
/operating_model/cells/upside_2027q4_international_gross:upside/labelNoneGAAP gross profit: international
/operating_model/cells/upside_2027q4_international_gross:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_international_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_international_gross:upside/valueNone163.08190889999997
/operating_model/cells/upside_2027q4_international_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_international_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q4_international_gross_margin:upside/idNoneupside_2027q4_international_gross_margin
/operating_model/cells/upside_2027q4_international_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_international_gross_margin:upside/labelNoneGAAP gross margin: international
/operating_model/cells/upside_2027q4_international_gross_margin:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_international_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q4_international_gross_margin:upside/valueNone0.58
/operating_model/cells/upside_2027q4_legal_payment:upside/basisNoneDesk payment timing of an already recognized $62.5M expense; no new operating expense charged here.
/operating_model/cells/upside_2027q4_legal_payment:upside/caseNoneupside
/operating_model/cells/upside_2027q4_legal_payment:upside/idNoneupside_2027q4_legal_payment
/operating_model/cells/upside_2027q4_legal_payment:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_legal_payment:upside/labelNonePayment of existing June legal reserve
/operating_model/cells/upside_2027q4_legal_payment:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_legal_payment:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_legal_payment:upside/valueNone0.0
/operating_model/cells/upside_2027q4_net_cash_interest:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_net_cash_interest:upside/caseNoneupside
/operating_model/cells/upside_2027q4_net_cash_interest:upside/idNoneupside_2027q4_net_cash_interest
/operating_model/cells/upside_2027q4_net_cash_interest:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_net_cash_interest:upside/labelNoneNet cash interest income
/operating_model/cells/upside_2027q4_net_cash_interest:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_net_cash_interest:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_net_cash_interest:upside/valueNone3.0
/operating_model/cells/upside_2027q4_net_rebate_payable_use:upside/basisNoneNet timing assumption; does not deduct gross rebates again while retaining related payable funding. No facility monetization assumed.
/operating_model/cells/upside_2027q4_net_rebate_payable_use:upside/caseNoneupside
/operating_model/cells/upside_2027q4_net_rebate_payable_use:upside/idNoneupside_2027q4_net_rebate_payable_use
/operating_model/cells/upside_2027q4_net_rebate_payable_use:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_net_rebate_payable_use:upside/labelNoneNet rebate/payable and other working-capital cash use
/operating_model/cells/upside_2027q4_net_rebate_payable_use:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_net_rebate_payable_use:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_net_rebate_payable_use:upside/valueNone-5.0
/operating_model/cells/upside_2027q4_operating_income:upside/basisNoneTotal SBC/DA includes the cost-of-sales portion once.
/operating_model/cells/upside_2027q4_operating_income:upside/caseNoneupside
/operating_model/cells/upside_2027q4_operating_income:upside/formula/opNonesubtract
/operating_model/cells/upside_2027q4_operating_income:upside/formula/refs/0Noneupside_2027q4_adjusted_ebitda
/operating_model/cells/upside_2027q4_operating_income:upside/formula/refs/1Noneupside_2027q4_adjusted_exclusions
/operating_model/cells/upside_2027q4_operating_income:upside/idNoneupside_2027q4_operating_income
/operating_model/cells/upside_2027q4_operating_income:upside/kindNonederived
/operating_model/cells/upside_2027q4_operating_income:upside/labelNoneGAAP operating income proxy
/operating_model/cells/upside_2027q4_operating_income:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_operating_income:upside/valueNone74.40081672800011
/operating_model/cells/upside_2027q4_opex_ratio:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_opex_ratio:upside/caseNoneupside
/operating_model/cells/upside_2027q4_opex_ratio:upside/idNoneupside_2027q4_opex_ratio
/operating_model/cells/upside_2027q4_opex_ratio:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_opex_ratio:upside/labelNoneAdjusted cash opex / revenue
/operating_model/cells/upside_2027q4_opex_ratio:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_opex_ratio:upside/unitNoneratio
/operating_model/cells/upside_2027q4_opex_ratio:upside/valueNone0.5
/operating_model/cells/upside_2027q4_ordinary_capex:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_ordinary_capex:upside/caseNoneupside
/operating_model/cells/upside_2027q4_ordinary_capex:upside/idNoneupside_2027q4_ordinary_capex
/operating_model/cells/upside_2027q4_ordinary_capex:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_ordinary_capex:upside/labelNoneOrdinary PP&E and intangible cash spending
/operating_model/cells/upside_2027q4_ordinary_capex:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_ordinary_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_ordinary_capex:upside/valueNone35.0
/operating_model/cells/upside_2027q4_peptide_cash:upside/basisNoneDesk timing allocates the up-to-$30M July agreement across 12 months, inside intangible/capital cash once; actual milestone achievement and accounting can differ.
/operating_model/cells/upside_2027q4_peptide_cash:upside/caseNoneupside
/operating_model/cells/upside_2027q4_peptide_cash:upside/idNoneupside_2027q4_peptide_cash
/operating_model/cells/upside_2027q4_peptide_cash:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_peptide_cash:upside/labelNonePeptide technology cash milestone assumption
/operating_model/cells/upside_2027q4_peptide_cash:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_peptide_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_peptide_cash:upside/valueNone0.0
/operating_model/cells/upside_2027q4_revenue:upside/basisNoneTwo mutually exclusive geographic revenue streams.
/operating_model/cells/upside_2027q4_revenue:upside/caseNoneupside
/operating_model/cells/upside_2027q4_revenue:upside/formula/opNonesum
/operating_model/cells/upside_2027q4_revenue:upside/formula/refs/0Noneupside_2027q4_us
/operating_model/cells/upside_2027q4_revenue:upside/formula/refs/1Noneupside_2027q4_international
/operating_model/cells/upside_2027q4_revenue:upside/idNoneupside_2027q4_revenue
/operating_model/cells/upside_2027q4_revenue:upside/kindNonederived
/operating_model/cells/upside_2027q4_revenue:upside/labelNoneConsolidated revenue
/operating_model/cells/upside_2027q4_revenue:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_revenue:upside/valueNone1208.4354846
/operating_model/cells/upside_2027q4_sbc:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_sbc:upside/caseNoneupside
/operating_model/cells/upside_2027q4_sbc:upside/idNoneupside_2027q4_sbc
/operating_model/cells/upside_2027q4_sbc:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_sbc:upside/labelNoneTotal equity compensation expense
/operating_model/cells/upside_2027q4_sbc:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_sbc:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_sbc:upside/valueNone76.0
/operating_model/cells/upside_2027q4_sbc_payroll:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_sbc_payroll:upside/caseNoneupside
/operating_model/cells/upside_2027q4_sbc_payroll:upside/idNoneupside_2027q4_sbc_payroll
/operating_model/cells/upside_2027q4_sbc_payroll:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_sbc_payroll:upside/labelNoneCash employer payroll tax on equity
/operating_model/cells/upside_2027q4_sbc_payroll:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_sbc_payroll:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_sbc_payroll:upside/valueNone3.0
/operating_model/cells/upside_2027q4_software:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_software:upside/caseNoneupside
/operating_model/cells/upside_2027q4_software:upside/idNoneupside_2027q4_software
/operating_model/cells/upside_2027q4_software:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_software:upside/labelNoneCapitalized software cash
/operating_model/cells/upside_2027q4_software:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_software:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_software:upside/valueNone9.5
/operating_model/cells/upside_2027q4_us:upside/basisNoneUS revenue timing assumption.
/operating_model/cells/upside_2027q4_us:upside/caseNoneupside
/operating_model/cells/upside_2027q4_us:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_us:upside/formula/refs/0Noneupside_fy27_us
/operating_model/cells/upside_2027q4_us:upside/formula/refs/1Noneupside_2027q4_weight
/operating_model/cells/upside_2027q4_us:upside/idNoneupside_2027q4_us
/operating_model/cells/upside_2027q4_us:upside/kindNonederived
/operating_model/cells/upside_2027q4_us:upside/labelNoneUS revenue
/operating_model/cells/upside_2027q4_us:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_us:upside/valueNone927.2597796000001
/operating_model/cells/upside_2027q4_us_gross:upside/basisNoneDesk product mix and delivery margin, not a disclosed geographic margin.
/operating_model/cells/upside_2027q4_us_gross:upside/caseNoneupside
/operating_model/cells/upside_2027q4_us_gross:upside/formula/opNonemultiply
/operating_model/cells/upside_2027q4_us_gross:upside/formula/refs/0Noneupside_2027q4_us
/operating_model/cells/upside_2027q4_us_gross:upside/formula/refs/1Noneupside_2027q4_us_gross_margin
/operating_model/cells/upside_2027q4_us_gross:upside/idNoneupside_2027q4_us_gross
/operating_model/cells/upside_2027q4_us_gross:upside/kindNonederived
/operating_model/cells/upside_2027q4_us_gross:upside/labelNoneGAAP gross profit: us
/operating_model/cells/upside_2027q4_us_gross:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_us_gross:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_us_gross:upside/valueNone630.5366501280001
/operating_model/cells/upside_2027q4_us_gross_margin:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_us_gross_margin:upside/caseNoneupside
/operating_model/cells/upside_2027q4_us_gross_margin:upside/idNoneupside_2027q4_us_gross_margin
/operating_model/cells/upside_2027q4_us_gross_margin:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_us_gross_margin:upside/labelNoneGAAP gross margin: us
/operating_model/cells/upside_2027q4_us_gross_margin:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_us_gross_margin:upside/unitNoneratio
/operating_model/cells/upside_2027q4_us_gross_margin:upside/valueNone0.68
/operating_model/cells/upside_2027q4_weight:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_weight:upside/caseNoneupside
/operating_model/cells/upside_2027q4_weight:upside/idNoneupside_2027q4_weight
/operating_model/cells/upside_2027q4_weight:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_weight:upside/labelNoneAnnual revenue quarter share
/operating_model/cells/upside_2027q4_weight:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_weight:upside/unitNoneratio
/operating_model/cells/upside_2027q4_weight:upside/valueNone0.27
/operating_model/cells/upside_2027q4_withholding:upside/basisNoneDesk assumption, not company guidance.
/operating_model/cells/upside_2027q4_withholding:upside/caseNoneupside
/operating_model/cells/upside_2027q4_withholding:upside/idNoneupside_2027q4_withholding
/operating_model/cells/upside_2027q4_withholding:upside/kindNoneassumption
/operating_model/cells/upside_2027q4_withholding:upside/labelNoneAward tax withholding cash
/operating_model/cells/upside_2027q4_withholding:upside/periodNone2027Q4
/operating_model/cells/upside_2027q4_withholding:upside/unitNoneUSD_millions
/operating_model/cells/upside_2027q4_withholding:upside/valueNone50.0
/operating_model/cells/upside_adjfactor:upside/basisNoneDesk scenario multiplier.
/operating_model/cells/upside_adjfactor:upside/caseNoneupside
/operating_model/cells/upside_adjfactor:upside/idNoneupside_adjfactor
/operating_model/cells/upside_adjfactor:upside/kindNoneassumption
/operating_model/cells/upside_adjfactor:upside/labelNone2026 adjusted EBITDA / guide midpoint
/operating_model/cells/upside_adjfactor:upside/periodNoneFY2026
/operating_model/cells/upside_adjfactor:upside/unitNoneratio
/operating_model/cells/upside_adjfactor:upside/valueNone1.09
/operating_model/cells/upside_delivery:upside/basisNoneDesk scenario multiplier.
/operating_model/cells/upside_delivery:upside/caseNoneupside
/operating_model/cells/upside_delivery:upside/idNoneupside_delivery
/operating_model/cells/upside_delivery:upside/kindNoneassumption
/operating_model/cells/upside_delivery:upside/labelNone2026 sales delivery / guide midpoint
/operating_model/cells/upside_delivery:upside/periodNoneFY2026
/operating_model/cells/upside_delivery:upside/unitNoneratio
/operating_model/cells/upside_delivery:upside/valueNone1.03
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/caseNoneupside
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/formula/refs/0Noneh1_adjusted_ebitda
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/formula/refs/1Noneupside_2026q3_adjusted_ebitda
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/formula/refs/2Noneupside_2026q4_adjusted_ebitda
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/idNoneupside_fy2026_adjusted_ebitda
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/kindNonederived
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/labelNoneAdjusted EBITDA ($M)
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_adjusted_ebitda:upside/valueNone327.0
/operating_model/cells/upside_fy2026_capex:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_capex:upside/caseNoneupside
/operating_model/cells/upside_fy2026_capex:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/0Noneh1_capex
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/1Noneupside_2026q3_capex
/operating_model/cells/upside_fy2026_capex:upside/formula/refs/2Noneupside_2026q4_capex
/operating_model/cells/upside_fy2026_capex:upside/idNoneupside_fy2026_capex
/operating_model/cells/upside_fy2026_capex:upside/kindNonederived
/operating_model/cells/upside_fy2026_capex:upside/labelNonePP&E and intangible cash purchases ($M)
/operating_model/cells/upside_fy2026_capex:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_capex:upside/valueNone134.77
/operating_model/cells/upside_fy2026_cfo:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_cfo:upside/caseNoneupside
/operating_model/cells/upside_fy2026_cfo:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/0Noneh1_cfo
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/1Noneupside_2026q3_cfo
/operating_model/cells/upside_fy2026_cfo:upside/formula/refs/2Noneupside_2026q4_cfo
/operating_model/cells/upside_fy2026_cfo:upside/idNoneupside_fy2026_cfo
/operating_model/cells/upside_fy2026_cfo:upside/kindNonederived
/operating_model/cells/upside_fy2026_cfo:upside/labelNoneOperating cash flow ($M)
/operating_model/cells/upside_fy2026_cfo:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_cfo:upside/valueNone217.564
/operating_model/cells/upside_fy2026_company_fcf:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_company_fcf:upside/caseNoneupside
/operating_model/cells/upside_fy2026_company_fcf:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_company_fcf:upside/formula/refs/0Noneh1_company_fcf
/operating_model/cells/upside_fy2026_company_fcf:upside/formula/refs/1Noneupside_2026q3_company_fcf
/operating_model/cells/upside_fy2026_company_fcf:upside/formula/refs/2Noneupside_2026q4_company_fcf
/operating_model/cells/upside_fy2026_company_fcf:upside/idNoneupside_fy2026_company_fcf
/operating_model/cells/upside_fy2026_company_fcf:upside/kindNonederived
/operating_model/cells/upside_fy2026_company_fcf:upside/labelNoneCFO less PP&E/intangibles/software ($M)
/operating_model/cells/upside_fy2026_company_fcf:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_company_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_company_fcf:upside/valueNone55.48599999999999
/operating_model/cells/upside_fy2026_fcf:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_fcf:upside/caseNoneupside
/operating_model/cells/upside_fy2026_fcf:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_fcf:upside/formula/refs/0Noneh1_fcf
/operating_model/cells/upside_fy2026_fcf:upside/formula/refs/1Noneupside_2026q3_fcf
/operating_model/cells/upside_fy2026_fcf:upside/formula/refs/2Noneupside_2026q4_fcf
/operating_model/cells/upside_fy2026_fcf:upside/idNoneupside_fy2026_fcf
/operating_model/cells/upside_fy2026_fcf:upside/kindNonederived
/operating_model/cells/upside_fy2026_fcf:upside/labelNoneCFO less PP&E/intangibles ($M)
/operating_model/cells/upside_fy2026_fcf:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_fcf:upside/valueNone82.79399999999998
/operating_model/cells/upside_fy2026_funding_cash:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_funding_cash:upside/caseNoneupside
/operating_model/cells/upside_fy2026_funding_cash:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_funding_cash:upside/formula/refs/0Noneh1_funding_cash
/operating_model/cells/upside_fy2026_funding_cash:upside/formula/refs/1Noneupside_2026q3_funding_cash
/operating_model/cells/upside_fy2026_funding_cash:upside/formula/refs/2Noneupside_2026q4_funding_cash
/operating_model/cells/upside_fy2026_funding_cash:upside/idNoneupside_fy2026_funding_cash
/operating_model/cells/upside_fy2026_funding_cash:upside/kindNonederived
/operating_model/cells/upside_fy2026_funding_cash:upside/labelNoneCash after acquisition/award funding stress ($M)
/operating_model/cells/upside_fy2026_funding_cash:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_funding_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_funding_cash:upside/valueNone-669.5946666666667
/operating_model/cells/upside_fy2026_gross_profit:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_fy2026_gross_profit:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_gross_profit:upside/formula/refs/0Noneh1_gross_profit
/operating_model/cells/upside_fy2026_gross_profit:upside/formula/refs/1Noneupside_2026q3_gross_profit
/operating_model/cells/upside_fy2026_gross_profit:upside/formula/refs/2Noneupside_2026q4_gross_profit
/operating_model/cells/upside_fy2026_gross_profit:upside/idNoneupside_fy2026_gross_profit
/operating_model/cells/upside_fy2026_gross_profit:upside/kindNonederived
/operating_model/cells/upside_fy2026_gross_profit:upside/labelNoneGAAP gross profit proxy ($M)
/operating_model/cells/upside_fy2026_gross_profit:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_gross_profit:upside/valueNone2144.7055600000003
/operating_model/cells/upside_fy2026_international:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_international:upside/caseNoneupside
/operating_model/cells/upside_fy2026_international:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_international:upside/formula/refs/0Noneh1_international
/operating_model/cells/upside_fy2026_international:upside/formula/refs/1Noneupside_2026q3_international
/operating_model/cells/upside_fy2026_international:upside/formula/refs/2Noneupside_2026q4_international
/operating_model/cells/upside_fy2026_international:upside/idNoneupside_fy2026_international
/operating_model/cells/upside_fy2026_international:upside/kindNonederived
/operating_model/cells/upside_fy2026_international:upside/labelNoneRest-of-world revenue ($M)
/operating_model/cells/upside_fy2026_international:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_international:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_international:upside/valueNone694.261
/operating_model/cells/upside_fy2026_operating_income:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_operating_income:upside/caseNoneupside
/operating_model/cells/upside_fy2026_operating_income:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/0Noneh1_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/1Noneupside_2026q3_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/formula/refs/2Noneupside_2026q4_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/idNoneupside_fy2026_operating_income
/operating_model/cells/upside_fy2026_operating_income:upside/kindNonederived
/operating_model/cells/upside_fy2026_operating_income:upside/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/upside_fy2026_operating_income:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_operating_income:upside/valueNone-156.118
/operating_model/cells/upside_fy2026_revenue:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_revenue:upside/caseNoneupside
/operating_model/cells/upside_fy2026_revenue:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/0Noneh1_revenue
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/1Noneupside_2026q3_revenue
/operating_model/cells/upside_fy2026_revenue:upside/formula/refs/2Noneupside_2026q4_revenue
/operating_model/cells/upside_fy2026_revenue:upside/idNoneupside_fy2026_revenue
/operating_model/cells/upside_fy2026_revenue:upside/kindNonederived
/operating_model/cells/upside_fy2026_revenue:upside/labelNoneConsolidated revenue ($M)
/operating_model/cells/upside_fy2026_revenue:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_revenue:upside/valueNone3296.0
/operating_model/cells/upside_fy2026_software:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_software:upside/caseNoneupside
/operating_model/cells/upside_fy2026_software:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_software:upside/formula/refs/0Noneh1_software
/operating_model/cells/upside_fy2026_software:upside/formula/refs/1Noneupside_2026q3_software
/operating_model/cells/upside_fy2026_software:upside/formula/refs/2Noneupside_2026q4_software
/operating_model/cells/upside_fy2026_software:upside/idNoneupside_fy2026_software
/operating_model/cells/upside_fy2026_software:upside/kindNonederived
/operating_model/cells/upside_fy2026_software:upside/labelNoneCapitalized software cash ($M)
/operating_model/cells/upside_fy2026_software:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_software:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_software:upside/valueNone27.308
/operating_model/cells/upside_fy2026_us:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2026_us:upside/caseNoneupside
/operating_model/cells/upside_fy2026_us:upside/formula/opNonesum
/operating_model/cells/upside_fy2026_us:upside/formula/refs/0Noneh1_us
/operating_model/cells/upside_fy2026_us:upside/formula/refs/1Noneupside_2026q3_us
/operating_model/cells/upside_fy2026_us:upside/formula/refs/2Noneupside_2026q4_us
/operating_model/cells/upside_fy2026_us:upside/idNoneupside_fy2026_us
/operating_model/cells/upside_fy2026_us:upside/kindNonederived
/operating_model/cells/upside_fy2026_us:upside/labelNoneUS revenue ($M)
/operating_model/cells/upside_fy2026_us:upside/periodNoneFY2026
/operating_model/cells/upside_fy2026_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2026_us:upside/valueNone2601.739
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/caseNoneupside
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/formula/refs/0Noneupside_2027q1_adjusted_ebitda
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/formula/refs/1Noneupside_2027q2_adjusted_ebitda
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/formula/refs/2Noneupside_2027q3_adjusted_ebitda
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/formula/refs/3Noneupside_2027q4_adjusted_ebitda
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/idNoneupside_fy2027_adjusted_ebitda
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/kindNonederived
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/labelNoneAdjusted EBITDA ($M)
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_adjusted_ebitda:upside/valueNone749.4845064000003
/operating_model/cells/upside_fy2027_capex:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_capex:upside/caseNoneupside
/operating_model/cells/upside_fy2027_capex:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/0Noneupside_2027q1_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/1Noneupside_2027q2_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/2Noneupside_2027q3_capex
/operating_model/cells/upside_fy2027_capex:upside/formula/refs/3Noneupside_2027q4_capex
/operating_model/cells/upside_fy2027_capex:upside/idNoneupside_fy2027_capex
/operating_model/cells/upside_fy2027_capex:upside/kindNonederived
/operating_model/cells/upside_fy2027_capex:upside/labelNonePP&E and intangible cash purchases ($M)
/operating_model/cells/upside_fy2027_capex:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_capex:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_capex:upside/valueNone155.0
/operating_model/cells/upside_fy2027_cfo:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_cfo:upside/caseNoneupside
/operating_model/cells/upside_fy2027_cfo:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/0Noneupside_2027q1_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/1Noneupside_2027q2_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/2Noneupside_2027q3_cfo
/operating_model/cells/upside_fy2027_cfo:upside/formula/refs/3Noneupside_2027q4_cfo
/operating_model/cells/upside_fy2027_cfo:upside/idNoneupside_fy2027_cfo
/operating_model/cells/upside_fy2027_cfo:upside/kindNonederived
/operating_model/cells/upside_fy2027_cfo:upside/labelNoneOperating cash flow ($M)
/operating_model/cells/upside_fy2027_cfo:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_cfo:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_cfo:upside/valueNone646.2345064000003
/operating_model/cells/upside_fy2027_company_fcf:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_company_fcf:upside/caseNoneupside
/operating_model/cells/upside_fy2027_company_fcf:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_company_fcf:upside/formula/refs/0Noneupside_2027q1_company_fcf
/operating_model/cells/upside_fy2027_company_fcf:upside/formula/refs/1Noneupside_2027q2_company_fcf
/operating_model/cells/upside_fy2027_company_fcf:upside/formula/refs/2Noneupside_2027q3_company_fcf
/operating_model/cells/upside_fy2027_company_fcf:upside/formula/refs/3Noneupside_2027q4_company_fcf
/operating_model/cells/upside_fy2027_company_fcf:upside/idNoneupside_fy2027_company_fcf
/operating_model/cells/upside_fy2027_company_fcf:upside/kindNonederived
/operating_model/cells/upside_fy2027_company_fcf:upside/labelNoneCFO less PP&E/intangibles/software ($M)
/operating_model/cells/upside_fy2027_company_fcf:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_company_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_company_fcf:upside/valueNone456.2345064000003
/operating_model/cells/upside_fy2027_fcf:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_fcf:upside/caseNoneupside
/operating_model/cells/upside_fy2027_fcf:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/0Noneupside_2027q1_fcf
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/1Noneupside_2027q2_fcf
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/2Noneupside_2027q3_fcf
/operating_model/cells/upside_fy2027_fcf:upside/formula/refs/3Noneupside_2027q4_fcf
/operating_model/cells/upside_fy2027_fcf:upside/idNoneupside_fy2027_fcf
/operating_model/cells/upside_fy2027_fcf:upside/kindNonederived
/operating_model/cells/upside_fy2027_fcf:upside/labelNoneCFO less PP&E/intangibles ($M)
/operating_model/cells/upside_fy2027_fcf:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_fcf:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_fcf:upside/valueNone491.2345064000003
/operating_model/cells/upside_fy2027_funding_cash:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_funding_cash:upside/caseNoneupside
/operating_model/cells/upside_fy2027_funding_cash:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_funding_cash:upside/formula/refs/0Noneupside_2027q1_funding_cash
/operating_model/cells/upside_fy2027_funding_cash:upside/formula/refs/1Noneupside_2027q2_funding_cash
/operating_model/cells/upside_fy2027_funding_cash:upside/formula/refs/2Noneupside_2027q3_funding_cash
/operating_model/cells/upside_fy2027_funding_cash:upside/formula/refs/3Noneupside_2027q4_funding_cash
/operating_model/cells/upside_fy2027_funding_cash:upside/idNoneupside_fy2027_funding_cash
/operating_model/cells/upside_fy2027_funding_cash:upside/kindNonederived
/operating_model/cells/upside_fy2027_funding_cash:upside/labelNoneCash after acquisition/award funding stress ($M)
/operating_model/cells/upside_fy2027_funding_cash:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_funding_cash:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_funding_cash:upside/valueNone-181.69882693333307
/operating_model/cells/upside_fy2027_gross_profit:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_gross_profit:upside/caseNoneupside
/operating_model/cells/upside_fy2027_gross_profit:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/0Noneupside_2027q1_gross_profit
/operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/1Noneupside_2027q2_gross_profit
/operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/2Noneupside_2027q3_gross_profit
/operating_model/cells/upside_fy2027_gross_profit:upside/formula/refs/3Noneupside_2027q4_gross_profit
/operating_model/cells/upside_fy2027_gross_profit:upside/idNoneupside_fy2027_gross_profit
/operating_model/cells/upside_fy2027_gross_profit:upside/kindNonederived
/operating_model/cells/upside_fy2027_gross_profit:upside/labelNoneGAAP gross profit proxy ($M)
/operating_model/cells/upside_fy2027_gross_profit:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_gross_profit:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_gross_profit:upside/valueNone2939.3279964000003
/operating_model/cells/upside_fy2027_international:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_international:upside/caseNoneupside
/operating_model/cells/upside_fy2027_international:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_international:upside/formula/refs/0Noneupside_2027q1_international
/operating_model/cells/upside_fy2027_international:upside/formula/refs/1Noneupside_2027q2_international
/operating_model/cells/upside_fy2027_international:upside/formula/refs/2Noneupside_2027q3_international
/operating_model/cells/upside_fy2027_international:upside/formula/refs/3Noneupside_2027q4_international
/operating_model/cells/upside_fy2027_international:upside/idNoneupside_fy2027_international
/operating_model/cells/upside_fy2027_international:upside/kindNonederived
/operating_model/cells/upside_fy2027_international:upside/labelNoneRest-of-world revenue ($M)
/operating_model/cells/upside_fy2027_international:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_international:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_international:upside/valueNone1041.3915
/operating_model/cells/upside_fy2027_operating_income:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_operating_income:upside/caseNoneupside
/operating_model/cells/upside_fy2027_operating_income:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/0Noneupside_2027q1_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/1Noneupside_2027q2_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/2Noneupside_2027q3_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/formula/refs/3Noneupside_2027q4_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/idNoneupside_fy2027_operating_income
/operating_model/cells/upside_fy2027_operating_income:upside/kindNonederived
/operating_model/cells/upside_fy2027_operating_income:upside/labelNoneGAAP operating income proxy ($M)
/operating_model/cells/upside_fy2027_operating_income:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_operating_income:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_operating_income:upside/valueNone275.4845064000003
/operating_model/cells/upside_fy2027_revenue:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_revenue:upside/caseNoneupside
/operating_model/cells/upside_fy2027_revenue:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/0Noneupside_2027q1_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/1Noneupside_2027q2_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/2Noneupside_2027q3_revenue
/operating_model/cells/upside_fy2027_revenue:upside/formula/refs/3Noneupside_2027q4_revenue
/operating_model/cells/upside_fy2027_revenue:upside/idNoneupside_fy2027_revenue
/operating_model/cells/upside_fy2027_revenue:upside/kindNonederived
/operating_model/cells/upside_fy2027_revenue:upside/labelNoneConsolidated revenue ($M)
/operating_model/cells/upside_fy2027_revenue:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_revenue:upside/valueNone4475.68698
/operating_model/cells/upside_fy2027_software:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_software:upside/caseNoneupside
/operating_model/cells/upside_fy2027_software:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_software:upside/formula/refs/0Noneupside_2027q1_software
/operating_model/cells/upside_fy2027_software:upside/formula/refs/1Noneupside_2027q2_software
/operating_model/cells/upside_fy2027_software:upside/formula/refs/2Noneupside_2027q3_software
/operating_model/cells/upside_fy2027_software:upside/formula/refs/3Noneupside_2027q4_software
/operating_model/cells/upside_fy2027_software:upside/idNoneupside_fy2027_software
/operating_model/cells/upside_fy2027_software:upside/kindNonederived
/operating_model/cells/upside_fy2027_software:upside/labelNoneCapitalized software cash ($M)
/operating_model/cells/upside_fy2027_software:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_software:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_software:upside/valueNone35.0
/operating_model/cells/upside_fy2027_us:upside/basisNoneReported year-to-date amount plus remaining forecast quarters, or sum of four forecast quarters.
/operating_model/cells/upside_fy2027_us:upside/caseNoneupside
/operating_model/cells/upside_fy2027_us:upside/formula/opNonesum
/operating_model/cells/upside_fy2027_us:upside/formula/refs/0Noneupside_2027q1_us
/operating_model/cells/upside_fy2027_us:upside/formula/refs/1Noneupside_2027q2_us
/operating_model/cells/upside_fy2027_us:upside/formula/refs/2Noneupside_2027q3_us
/operating_model/cells/upside_fy2027_us:upside/formula/refs/3Noneupside_2027q4_us
/operating_model/cells/upside_fy2027_us:upside/idNoneupside_fy2027_us
/operating_model/cells/upside_fy2027_us:upside/kindNonederived
/operating_model/cells/upside_fy2027_us:upside/labelNoneUS revenue ($M)
/operating_model/cells/upside_fy2027_us:upside/periodNoneFY2027
/operating_model/cells/upside_fy2027_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy2027_us:upside/valueNone3434.29548
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/basisNoneGuidance midpoint times explicit scenario sensitivity.
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/caseNoneupside
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/formula/opNonemultiply
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/formula/refs/0Nonefy26_adjusted_guide
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/formula/refs/1Noneupside_adjfactor
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/idNoneupside_fy26_adjusted_ebitda_target
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/kindNonederived
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/labelNoneFY2026 adjusted_ebitda
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/periodNoneFY2026
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy26_adjusted_ebitda_target:upside/valueNone327.0
/operating_model/cells/upside_fy26_international:upside/basisNoneIncludes June Eucalyptus acquisition; not an organic-growth measure.
/operating_model/cells/upside_fy26_international:upside/caseNoneupside
/operating_model/cells/upside_fy26_international:upside/formula/opNonesubtract
/operating_model/cells/upside_fy26_international:upside/formula/refs/0Noneupside_fy26_revenue_target
/operating_model/cells/upside_fy26_international:upside/formula/refs/1Noneupside_fy26_us
/operating_model/cells/upside_fy26_international:upside/idNoneupside_fy26_international
/operating_model/cells/upside_fy26_international:upside/kindNonederived
/operating_model/cells/upside_fy26_international:upside/labelNoneFY2026 rest-of-world revenue
/operating_model/cells/upside_fy26_international:upside/periodNoneFY2026
/operating_model/cells/upside_fy26_international:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy26_international:upside/valueNone694.261
/operating_model/cells/upside_fy26_revenue_target:upside/basisNoneGuidance midpoint times explicit scenario sensitivity.
/operating_model/cells/upside_fy26_revenue_target:upside/caseNoneupside
/operating_model/cells/upside_fy26_revenue_target:upside/formula/opNonemultiply
/operating_model/cells/upside_fy26_revenue_target:upside/formula/refs/0Nonefy26_revenue_guide
/operating_model/cells/upside_fy26_revenue_target:upside/formula/refs/1Noneupside_delivery
/operating_model/cells/upside_fy26_revenue_target:upside/idNoneupside_fy26_revenue_target
/operating_model/cells/upside_fy26_revenue_target:upside/kindNonederived
/operating_model/cells/upside_fy26_revenue_target:upside/labelNoneFY2026 revenue
/operating_model/cells/upside_fy26_revenue_target:upside/periodNoneFY2026
/operating_model/cells/upside_fy26_revenue_target:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy26_revenue_target:upside/valueNone3296.0
/operating_model/cells/upside_fy26_us:upside/basisNoneActual plus forecast US sales.
/operating_model/cells/upside_fy26_us:upside/caseNoneupside
/operating_model/cells/upside_fy26_us:upside/formula/opNonesum
/operating_model/cells/upside_fy26_us:upside/formula/refs/0Noneh1_us
/operating_model/cells/upside_fy26_us:upside/formula/refs/1Noneupside_h2_us
/operating_model/cells/upside_fy26_us:upside/idNoneupside_fy26_us
/operating_model/cells/upside_fy26_us:upside/kindNonederived
/operating_model/cells/upside_fy26_us:upside/labelNoneFY2026 US revenue
/operating_model/cells/upside_fy26_us:upside/periodNoneFY2026
/operating_model/cells/upside_fy26_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy26_us:upside/valueNone2601.739
/operating_model/cells/upside_fy27_international:upside/basisNoneNo second Eucalyptus revenue added after geographic growth.
/operating_model/cells/upside_fy27_international:upside/caseNoneupside
/operating_model/cells/upside_fy27_international:upside/formula/opNonemultiply
/operating_model/cells/upside_fy27_international:upside/formula/refs/0Noneupside_fy26_international
/operating_model/cells/upside_fy27_international:upside/formula/refs/1Noneupside_international_growth
/operating_model/cells/upside_fy27_international:upside/idNoneupside_fy27_international
/operating_model/cells/upside_fy27_international:upside/kindNonederived
/operating_model/cells/upside_fy27_international:upside/labelNoneFY2027 international revenue
/operating_model/cells/upside_fy27_international:upside/periodNoneFY2027
/operating_model/cells/upside_fy27_international:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy27_international:upside/valueNone1041.3915
/operating_model/cells/upside_fy27_us:upside/basisNoneNo second Eucalyptus revenue added after geographic growth.
/operating_model/cells/upside_fy27_us:upside/caseNoneupside
/operating_model/cells/upside_fy27_us:upside/formula/opNonemultiply
/operating_model/cells/upside_fy27_us:upside/formula/refs/0Noneupside_fy26_us
/operating_model/cells/upside_fy27_us:upside/formula/refs/1Noneupside_us_growth
/operating_model/cells/upside_fy27_us:upside/idNoneupside_fy27_us
/operating_model/cells/upside_fy27_us:upside/kindNonederived
/operating_model/cells/upside_fy27_us:upside/labelNoneFY2027 us revenue
/operating_model/cells/upside_fy27_us:upside/periodNoneFY2027
/operating_model/cells/upside_fy27_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_fy27_us:upside/valueNone3434.29548
/operating_model/cells/upside_h2_adjusted_ebitda:upside/basisNoneFull year less H1 actual.
/operating_model/cells/upside_h2_adjusted_ebitda:upside/caseNoneupside
/operating_model/cells/upside_h2_adjusted_ebitda:upside/formula/opNonesubtract
/operating_model/cells/upside_h2_adjusted_ebitda:upside/formula/refs/0Noneupside_fy26_adjusted_ebitda_target
/operating_model/cells/upside_h2_adjusted_ebitda:upside/formula/refs/1Noneh1_adjusted_ebitda
/operating_model/cells/upside_h2_adjusted_ebitda:upside/idNoneupside_h2_adjusted_ebitda
/operating_model/cells/upside_h2_adjusted_ebitda:upside/kindNonederived
/operating_model/cells/upside_h2_adjusted_ebitda:upside/labelNoneH2 adjusted_ebitda
/operating_model/cells/upside_h2_adjusted_ebitda:upside/periodNoneH2 2026
/operating_model/cells/upside_h2_adjusted_ebitda:upside/unitNoneUSD_millions
/operating_model/cells/upside_h2_adjusted_ebitda:upside/valueNone222.397
/operating_model/cells/upside_h2_revenue:upside/basisNoneFull year less H1 actual.
/operating_model/cells/upside_h2_revenue:upside/caseNoneupside
/operating_model/cells/upside_h2_revenue:upside/formula/opNonesubtract
/operating_model/cells/upside_h2_revenue:upside/formula/refs/0Noneupside_fy26_revenue_target
/operating_model/cells/upside_h2_revenue:upside/formula/refs/1Noneh1_revenue
/operating_model/cells/upside_h2_revenue:upside/idNoneupside_h2_revenue
/operating_model/cells/upside_h2_revenue:upside/kindNonederived
/operating_model/cells/upside_h2_revenue:upside/labelNoneH2 revenue
/operating_model/cells/upside_h2_revenue:upside/periodNoneH2 2026
/operating_model/cells/upside_h2_revenue:upside/unitNoneUSD_millions
/operating_model/cells/upside_h2_revenue:upside/valueNone1934.682
/operating_model/cells/upside_h2_us:upside/basisNoneDesk geographic allocation; consolidated guidance does not specify these quarterly US values.
/operating_model/cells/upside_h2_us:upside/caseNoneupside
/operating_model/cells/upside_h2_us:upside/idNoneupside_h2_us
/operating_model/cells/upside_h2_us:upside/kindNoneassumption
/operating_model/cells/upside_h2_us:upside/labelNoneH2 US revenue
/operating_model/cells/upside_h2_us:upside/periodNoneH2 2026
/operating_model/cells/upside_h2_us:upside/unitNoneUSD_millions
/operating_model/cells/upside_h2_us:upside/valueNone1450.0
/operating_model/cells/upside_international_growth:upside/basisNoneDesk annual growth including existing acquired perimeter.
/operating_model/cells/upside_international_growth:upside/caseNoneupside
/operating_model/cells/upside_international_growth:upside/idNoneupside_international_growth
/operating_model/cells/upside_international_growth:upside/kindNoneassumption
/operating_model/cells/upside_international_growth:upside/labelNoneFY2027 international growth multiplier
/operating_model/cells/upside_international_growth:upside/periodNoneFY2027
/operating_model/cells/upside_international_growth:upside/unitNoneratio
/operating_model/cells/upside_international_growth:upside/valueNone1.5
/operating_model/cells/upside_us_growth:upside/basisNoneDesk annual growth including existing acquired perimeter.
/operating_model/cells/upside_us_growth:upside/caseNoneupside
/operating_model/cells/upside_us_growth:upside/idNoneupside_us_growth
/operating_model/cells/upside_us_growth:upside/kindNoneassumption
/operating_model/cells/upside_us_growth:upside/labelNoneFY2027 us growth multiplier
/operating_model/cells/upside_us_growth:upside/periodNoneFY2027
/operating_model/cells/upside_us_growth:upside/unitNoneratio
/operating_model/cells/upside_us_growth:upside/valueNone1.32
/operating_model/highlights/0Nonefy26_revenue_guide
/operating_model/highlights/1Nonefy26_adjusted_guide
/operating_model/highlights/10Noneacquisition_payables
/operating_model/highlights/11Noneearnout_liabilities
/operating_model/highlights/12Noneeucalyptus_deferred
/operating_model/highlights/13Nonecash_installment_stress
/operating_model/highlights/14Noneeucalyptus_earnout_maximum
/operating_model/highlights/15Nonepeptide_milestone_maximum
/operating_model/highlights/2Noneq3_revenue_guide
/operating_model/highlights/3Noneh1_company_fcf
/operating_model/highlights/4Noneh1_funding_cash
/operating_model/highlights/5Noneh1_net_ar_ap_use
/operating_model/highlights/6Noneliquidity
/operating_model/highlights/7Nonerebate_receivables
/operating_model/highlights/8Nonerebate_facility_limit
/operating_model/highlights/9Nonelegal_reserve
/operating_model/limitations/0NoneForecasts are desk scenarios, not management guidance beyond the specifically sourced ranges. International growth includes acquisitions; no claim of an organic Eucalyptus revenue series is made.
/operating_model/limitations/1NoneMonthly revenue per average subscriber already uses total revenue. It is not multiplied by quarter-end subscribers and then supplemented with a second revenue stream. Shipping cadence can change recognition timing.
/operating_model/limitations/2NoneThe March shift favors branded GLP-1 medicines with a different margin structure. The forecast does not carry the prior compounded-product gross margin into the new mix or assume regulatory disputes are resolved.
/operating_model/limitations/3NoneManufacturer rebate receivables and related payables are modeled as a net timing exposure. The $400M July facility is uncommitted and is not cash on hand; no draw or sale proceeds are assumed.
/operating_model/limitations/4NonePayment of the $62.5M June legal reserve is a desk timing assumption and reduces cash without repeating the already recognized expense. New matters could create additional expense or cash requirements.
/operating_model/limitations/5NoneThe funding stress assumes all $683.9M Eucalyptus deferred consideration is paid in six equal cash installments through December 2027. Actual installments, AUD translation and cash/share elections can differ; this is deliberately a cash sensitivity, not the contractual payment schedule.
/operating_model/limitations/6NoneOther acquisition payables, earnouts and contingent milestones can require additional funding. No full balance sheet, facility capacity test, financing forecast, EPS or valuation is provided.
/operating_model/methodNoneBuild US and rest-of-world sales separately, anchoring 2026 consolidated revenue and adjusted EBITDA to August guidance. Extend each geography with explicit growth and gross-margin assumptions. Reconcile adjusted EBITDA to GAAP operating income using ordinary equity compensation, depreciation and cash exclusions. Bridge GAAP profit to operating cash using net rebate/payable timing and payment of the existing legal reserve. Deduct PP&E/intangibles and software once. Separately stress all-cash Eucalyptus deferred payments and award withholding.
/operating_model/metrics/adjusted_ebitdaNoneAdjusted EBITDA ($M)
/operating_model/metrics/capexNonePP&E and intangible cash purchases ($M)
/operating_model/metrics/cfoNoneOperating cash flow ($M)
/operating_model/metrics/company_fcfNoneCFO less PP&E/intangibles/software ($M)
/operating_model/metrics/fcfNoneCFO less PP&E/intangibles ($M)
/operating_model/metrics/funding_cashNoneCash after acquisition/award funding stress ($M)
/operating_model/metrics/gross_profitNoneGAAP gross profit proxy ($M)
/operating_model/metrics/internationalNoneRest-of-world revenue ($M)
/operating_model/metrics/operating_incomeNoneGAAP operating income proxy ($M)
/operating_model/metrics/revenueNoneConsolidated revenue ($M)
/operating_model/metrics/softwareNoneCapitalized software cash ($M)
/operating_model/metrics/usNoneUS revenue ($M)
/operating_model/outputs/2026Q3:base/caseNonebase
/operating_model/outputs/2026Q3:base/frequencyNonequarter
/operating_model/outputs/2026Q3:base/metrics/adjusted_ebitdaNonebase_2026q3_adjusted_ebitda
/operating_model/outputs/2026Q3:base/metrics/capexNonebase_2026q3_capex
/operating_model/outputs/2026Q3:base/metrics/cfoNonebase_2026q3_cfo
/operating_model/outputs/2026Q3:base/metrics/company_fcfNonebase_2026q3_company_fcf
/operating_model/outputs/2026Q3:base/metrics/fcfNonebase_2026q3_fcf
/operating_model/outputs/2026Q3:base/metrics/funding_cashNonebase_2026q3_funding_cash
/operating_model/outputs/2026Q3:base/metrics/gross_profitNonebase_2026q3_gross_profit
/operating_model/outputs/2026Q3:base/metrics/internationalNonebase_2026q3_international
/operating_model/outputs/2026Q3:base/metrics/operating_incomeNonebase_2026q3_operating_income
/operating_model/outputs/2026Q3:base/metrics/revenueNonebase_2026q3_revenue
/operating_model/outputs/2026Q3:base/metrics/softwareNonebase_2026q3_software
/operating_model/outputs/2026Q3:base/metrics/usNonebase_2026q3_us
/operating_model/outputs/2026Q3:base/periodNone2026Q3
/operating_model/outputs/2026Q3:base/period_endNone2026-09-30
/operating_model/outputs/2026Q3:base/values/adjusted_ebitdaNone85.0
/operating_model/outputs/2026Q3:base/values/capexNone37.0
/operating_model/outputs/2026Q3:base/values/cfoNone14.25
/operating_model/outputs/2026Q3:base/values/company_fcfNone-29.75
/operating_model/outputs/2026Q3:base/values/fcfNone-22.75
/operating_model/outputs/2026Q3:base/values/funding_cashNone-178.73333333333335
/operating_model/outputs/2026Q3:base/values/gross_profitNone557.5
/operating_model/outputs/2026Q3:base/values/internationalNone210.0
/operating_model/outputs/2026Q3:base/values/operating_incomeNone-12.5
/operating_model/outputs/2026Q3:base/values/revenueNone890.0
/operating_model/outputs/2026Q3:base/values/softwareNone7.0
/operating_model/outputs/2026Q3:base/values/usNone680.0
/operating_model/outputs/2026Q3:downside/caseNonedownside
/operating_model/outputs/2026Q3:downside/frequencyNonequarter
/operating_model/outputs/2026Q3:downside/metrics/adjusted_ebitdaNonedownside_2026q3_adjusted_ebitda
/operating_model/outputs/2026Q3:downside/metrics/capexNonedownside_2026q3_capex
/operating_model/outputs/2026Q3:downside/metrics/cfoNonedownside_2026q3_cfo
/operating_model/outputs/2026Q3:downside/metrics/company_fcfNonedownside_2026q3_company_fcf
/operating_model/outputs/2026Q3:downside/metrics/fcfNonedownside_2026q3_fcf
/operating_model/outputs/2026Q3:downside/metrics/funding_cashNonedownside_2026q3_funding_cash
/operating_model/outputs/2026Q3:downside/metrics/gross_profitNonedownside_2026q3_gross_profit
/operating_model/outputs/2026Q3:downside/metrics/internationalNonedownside_2026q3_international
/operating_model/outputs/2026Q3:downside/metrics/operating_incomeNonedownside_2026q3_operating_income
/operating_model/outputs/2026Q3:downside/metrics/revenueNonedownside_2026q3_revenue
/operating_model/outputs/2026Q3:downside/metrics/softwareNonedownside_2026q3_software
/operating_model/outputs/2026Q3:downside/metrics/usNonedownside_2026q3_us
/operating_model/outputs/2026Q3:downside/periodNone2026Q3
/operating_model/outputs/2026Q3:downside/period_endNone2026-09-30
/operating_model/outputs/2026Q3:downside/values/adjusted_ebitdaNone69.7
/operating_model/outputs/2026Q3:downside/values/capexNone37.0
/operating_model/outputs/2026Q3:downside/values/cfoNone-67.3
/operating_model/outputs/2026Q3:downside/values/company_fcfNone-111.3
/operating_model/outputs/2026Q3:downside/values/fcfNone-104.3
/operating_model/outputs/2026Q3:downside/values/funding_cashNone-260.28333333333336
/operating_model/outputs/2026Q3:downside/values/gross_profitNone496.205
/operating_model/outputs/2026Q3:downside/values/internationalNone195.5
/operating_model/outputs/2026Q3:downside/values/operating_incomeNone-29.799999999999997
/operating_model/outputs/2026Q3:downside/values/revenueNone845.5
/operating_model/outputs/2026Q3:downside/values/softwareNone7.0
/operating_model/outputs/2026Q3:downside/values/usNone650.0
/operating_model/outputs/2026Q3:upside/caseNoneupside
/operating_model/outputs/2026Q3:upside/frequencyNonequarter
/operating_model/outputs/2026Q3:upside/metrics/adjusted_ebitdaNoneupside_2026q3_adjusted_ebitda
/operating_model/outputs/2026Q3:upside/metrics/capexNoneupside_2026q3_capex
/operating_model/outputs/2026Q3:upside/metrics/cfoNoneupside_2026q3_cfo
/operating_model/outputs/2026Q3:upside/metrics/company_fcfNoneupside_2026q3_company_fcf
/operating_model/outputs/2026Q3:upside/metrics/fcfNoneupside_2026q3_fcf
/operating_model/outputs/2026Q3:upside/metrics/funding_cashNoneupside_2026q3_funding_cash
/operating_model/outputs/2026Q3:upside/metrics/gross_profitNoneupside_2026q3_gross_profit
/operating_model/outputs/2026Q3:upside/metrics/internationalNoneupside_2026q3_international
/operating_model/outputs/2026Q3:upside/metrics/operating_incomeNoneupside_2026q3_operating_income
/operating_model/outputs/2026Q3:upside/metrics/revenueNoneupside_2026q3_revenue
/operating_model/outputs/2026Q3:upside/metrics/softwareNoneupside_2026q3_software
/operating_model/outputs/2026Q3:upside/metrics/usNoneupside_2026q3_us
/operating_model/outputs/2026Q3:upside/periodNone2026Q3
/operating_model/outputs/2026Q3:upside/period_endNone2026-09-30
/operating_model/outputs/2026Q3:upside/values/adjusted_ebitdaNone92.65
/operating_model/outputs/2026Q3:upside/values/capexNone37.0
/operating_model/outputs/2026Q3:upside/values/cfoNone68.15
/operating_model/outputs/2026Q3:upside/values/company_fcfNone24.150000000000006
/operating_model/outputs/2026Q3:upside/values/fcfNone31.150000000000006
/operating_model/outputs/2026Q3:upside/values/funding_cashNone-124.83333333333334
/operating_model/outputs/2026Q3:upside/values/gross_profitNone601.686
/operating_model/outputs/2026Q3:upside/values/internationalNone216.70000000000005
/operating_model/outputs/2026Q3:upside/values/operating_incomeNone-7.849999999999994
/operating_model/outputs/2026Q3:upside/values/revenueNone916.7
/operating_model/outputs/2026Q3:upside/values/softwareNone7.0
/operating_model/outputs/2026Q3:upside/values/usNone700.0
/operating_model/outputs/2026Q4:base/caseNonebase
/operating_model/outputs/2026Q4:base/frequencyNonequarter
/operating_model/outputs/2026Q4:base/metrics/adjusted_ebitdaNonebase_2026q4_adjusted_ebitda
/operating_model/outputs/2026Q4:base/metrics/capexNonebase_2026q4_capex
/operating_model/outputs/2026Q4:base/metrics/cfoNonebase_2026q4_cfo
/operating_model/outputs/2026Q4:base/metrics/company_fcfNonebase_2026q4_company_fcf
/operating_model/outputs/2026Q4:base/metrics/fcfNonebase_2026q4_fcf
/operating_model/outputs/2026Q4:base/metrics/funding_cashNonebase_2026q4_funding_cash
/operating_model/outputs/2026Q4:base/metrics/gross_profitNonebase_2026q4_gross_profit
/operating_model/outputs/2026Q4:base/metrics/internationalNonebase_2026q4_international
/operating_model/outputs/2026Q4:base/metrics/operating_incomeNonebase_2026q4_operating_income
/operating_model/outputs/2026Q4:base/metrics/revenueNonebase_2026q4_revenue
/operating_model/outputs/2026Q4:base/metrics/softwareNonebase_2026q4_software
/operating_model/outputs/2026Q4:base/metrics/usNonebase_2026q4_us
/operating_model/outputs/2026Q4:base/periodNone2026Q4
/operating_model/outputs/2026Q4:base/period_endNone2026-12-31
/operating_model/outputs/2026Q4:base/values/adjusted_ebitdaNone110.39699999999999
/operating_model/outputs/2026Q4:base/values/capexNone42.0
/operating_model/outputs/2026Q4:base/values/cfoNone56.64699999999999
/operating_model/outputs/2026Q4:base/values/company_fcfNone7.146999999999991
/operating_model/outputs/2026Q4:base/values/fcfNone14.646999999999991
/operating_model/outputs/2026Q4:base/values/funding_cashNone-144.83633333333336
/operating_model/outputs/2026Q4:base/values/gross_profitNone594.2751000000001
/operating_model/outputs/2026Q4:base/values/internationalNone223.68200000000002
/operating_model/outputs/2026Q4:base/values/operating_incomeNone11.896999999999991
/operating_model/outputs/2026Q4:base/values/revenueNone948.682
/operating_model/outputs/2026Q4:base/values/softwareNone7.5
/operating_model/outputs/2026Q4:base/values/usNone725.0
/operating_model/outputs/2026Q4:downside/caseNonedownside
/operating_model/outputs/2026Q4:downside/frequencyNonequarter
/operating_model/outputs/2026Q4:downside/metrics/adjusted_ebitdaNonedownside_2026q4_adjusted_ebitda
/operating_model/outputs/2026Q4:downside/metrics/capexNonedownside_2026q4_capex
/operating_model/outputs/2026Q4:downside/metrics/cfoNonedownside_2026q4_cfo
/operating_model/outputs/2026Q4:downside/metrics/company_fcfNonedownside_2026q4_company_fcf
/operating_model/outputs/2026Q4:downside/metrics/fcfNonedownside_2026q4_fcf
/operating_model/outputs/2026Q4:downside/metrics/funding_cashNonedownside_2026q4_funding_cash
/operating_model/outputs/2026Q4:downside/metrics/gross_profitNonedownside_2026q4_gross_profit
/operating_model/outputs/2026Q4:downside/metrics/internationalNonedownside_2026q4_international
/operating_model/outputs/2026Q4:downside/metrics/operating_incomeNonedownside_2026q4_operating_income
/operating_model/outputs/2026Q4:downside/metrics/revenueNonedownside_2026q4_revenue
/operating_model/outputs/2026Q4:downside/metrics/softwareNonedownside_2026q4_software
/operating_model/outputs/2026Q4:downside/metrics/usNonedownside_2026q4_us
/operating_model/outputs/2026Q4:downside/periodNone2026Q4
/operating_model/outputs/2026Q4:downside/period_endNone2026-12-31
/operating_model/outputs/2026Q4:downside/values/adjusted_ebitdaNone71.69699999999999
/operating_model/outputs/2026Q4:downside/values/capexNone42.0
/operating_model/outputs/2026Q4:downside/values/cfoNone19.19699999999999
/operating_model/outputs/2026Q4:downside/values/company_fcfNone-30.30300000000001
/operating_model/outputs/2026Q4:downside/values/fcfNone-22.80300000000001
/operating_model/outputs/2026Q4:downside/values/funding_cashNone-182.28633333333335
/operating_model/outputs/2026Q4:downside/values/gross_profitNone493.92282
/operating_model/outputs/2026Q4:downside/values/internationalNone143.18200000000002
/operating_model/outputs/2026Q4:downside/values/operating_incomeNone-28.80300000000001
/operating_model/outputs/2026Q4:downside/values/revenueNone833.182
/operating_model/outputs/2026Q4:downside/values/softwareNone7.5
/operating_model/outputs/2026Q4:downside/values/usNone690.0
/operating_model/outputs/2026Q4:upside/caseNoneupside
/operating_model/outputs/2026Q4:upside/frequencyNonequarter
/operating_model/outputs/2026Q4:upside/metrics/adjusted_ebitdaNoneupside_2026q4_adjusted_ebitda
/operating_model/outputs/2026Q4:upside/metrics/capexNoneupside_2026q4_capex
/operating_model/outputs/2026Q4:upside/metrics/cfoNoneupside_2026q4_cfo
/operating_model/outputs/2026Q4:upside/metrics/company_fcfNoneupside_2026q4_company_fcf
/operating_model/outputs/2026Q4:upside/metrics/fcfNoneupside_2026q4_fcf
/operating_model/outputs/2026Q4:upside/metrics/funding_cashNoneupside_2026q4_funding_cash
/operating_model/outputs/2026Q4:upside/metrics/gross_profitNoneupside_2026q4_gross_profit
/operating_model/outputs/2026Q4:upside/metrics/internationalNoneupside_2026q4_international
/operating_model/outputs/2026Q4:upside/metrics/operating_incomeNoneupside_2026q4_operating_income
/operating_model/outputs/2026Q4:upside/metrics/revenueNoneupside_2026q4_revenue
/operating_model/outputs/2026Q4:upside/metrics/softwareNoneupside_2026q4_software
/operating_model/outputs/2026Q4:upside/metrics/usNoneupside_2026q4_us
/operating_model/outputs/2026Q4:upside/periodNone2026Q4
/operating_model/outputs/2026Q4:upside/period_endNone2026-12-31
/operating_model/outputs/2026Q4:upside/values/adjusted_ebitdaNone129.74699999999999
/operating_model/outputs/2026Q4:upside/values/capexNone42.0
/operating_model/outputs/2026Q4:upside/values/cfoNone95.99699999999999
/operating_model/outputs/2026Q4:upside/values/company_fcfNone46.496999999999986
/operating_model/outputs/2026Q4:upside/values/fcfNone53.996999999999986
/operating_model/outputs/2026Q4:upside/values/funding_cashNone-105.48633333333336
/operating_model/outputs/2026Q4:upside/values/gross_profitNone665.42956
/operating_model/outputs/2026Q4:upside/values/internationalNone267.98199999999997
/operating_model/outputs/2026Q4:upside/values/operating_incomeNone27.246999999999986
/operating_model/outputs/2026Q4:upside/values/revenueNone1017.982
/operating_model/outputs/2026Q4:upside/values/softwareNone7.5
/operating_model/outputs/2026Q4:upside/values/usNone750.0
/operating_model/outputs/2027Q1:base/caseNonebase
/operating_model/outputs/2027Q1:base/frequencyNonequarter
/operating_model/outputs/2027Q1:base/metrics/adjusted_ebitdaNonebase_2027q1_adjusted_ebitda
/operating_model/outputs/2027Q1:base/metrics/capexNonebase_2027q1_capex
/operating_model/outputs/2027Q1:base/metrics/cfoNonebase_2027q1_cfo
/operating_model/outputs/2027Q1:base/metrics/company_fcfNonebase_2027q1_company_fcf
/operating_model/outputs/2027Q1:base/metrics/fcfNonebase_2027q1_fcf
/operating_model/outputs/2027Q1:base/metrics/funding_cashNonebase_2027q1_funding_cash
/operating_model/outputs/2027Q1:base/metrics/gross_profitNonebase_2027q1_gross_profit
/operating_model/outputs/2027Q1:base/metrics/internationalNonebase_2027q1_international
/operating_model/outputs/2027Q1:base/metrics/operating_incomeNonebase_2027q1_operating_income
/operating_model/outputs/2027Q1:base/metrics/revenueNonebase_2027q1_revenue
/operating_model/outputs/2027Q1:base/metrics/softwareNonebase_2027q1_software
/operating_model/outputs/2027Q1:base/metrics/usNonebase_2027q1_us
/operating_model/outputs/2027Q1:base/periodNone2027Q1
/operating_model/outputs/2027Q1:base/period_endNone2027-03-31
/operating_model/outputs/2027Q1:base/values/adjusted_ebitdaNone115.84246897650007
/operating_model/outputs/2027Q1:base/values/capexNone45.0
/operating_model/outputs/2027Q1:base/values/cfoNone77.84246897650007
/operating_model/outputs/2027Q1:base/values/company_fcfNone24.842468976500072
/operating_model/outputs/2027Q1:base/values/fcfNone32.84246897650007
/operating_model/outputs/2027Q1:base/values/funding_cashNone-130.14086435683328
/operating_model/outputs/2027Q1:base/values/gross_profitNone576.1765234850001
/operating_model/outputs/2027Q1:base/values/internationalNone199.73254050000003
/operating_model/outputs/2027Q1:base/values/operating_incomeNone11.842468976500072
/operating_model/outputs/2027Q1:base/values/revenueNone917.1535039
/operating_model/outputs/2027Q1:base/values/softwareNone8.0
/operating_model/outputs/2027Q1:base/values/usNone717.4209634
/operating_model/outputs/2027Q1:downside/caseNonedownside
/operating_model/outputs/2027Q1:downside/frequencyNonequarter
/operating_model/outputs/2027Q1:downside/metrics/adjusted_ebitdaNonedownside_2027q1_adjusted_ebitda
/operating_model/outputs/2027Q1:downside/metrics/capexNonedownside_2027q1_capex
/operating_model/outputs/2027Q1:downside/metrics/cfoNonedownside_2027q1_cfo
/operating_model/outputs/2027Q1:downside/metrics/company_fcfNonedownside_2027q1_company_fcf
/operating_model/outputs/2027Q1:downside/metrics/fcfNonedownside_2027q1_fcf
/operating_model/outputs/2027Q1:downside/metrics/funding_cashNonedownside_2027q1_funding_cash
/operating_model/outputs/2027Q1:downside/metrics/gross_profitNonedownside_2027q1_gross_profit
/operating_model/outputs/2027Q1:downside/metrics/internationalNonedownside_2027q1_international
/operating_model/outputs/2027Q1:downside/metrics/operating_incomeNonedownside_2027q1_operating_income
/operating_model/outputs/2027Q1:downside/metrics/revenueNonedownside_2027q1_revenue
/operating_model/outputs/2027Q1:downside/metrics/softwareNonedownside_2027q1_software
/operating_model/outputs/2027Q1:downside/metrics/usNonedownside_2027q1_us
/operating_model/outputs/2027Q1:downside/periodNone2027Q1
/operating_model/outputs/2027Q1:downside/period_endNone2027-03-31
/operating_model/outputs/2027Q1:downside/values/adjusted_ebitdaNone67.28674668500003
/operating_model/outputs/2027Q1:downside/values/capexNone45.0
/operating_model/outputs/2027Q1:downside/values/cfoNone19.286746685000026
/operating_model/outputs/2027Q1:downside/values/company_fcfNone-33.713253314999974
/operating_model/outputs/2027Q1:downside/values/fcfNone-25.713253314999974
/operating_model/outputs/2027Q1:downside/values/funding_cashNone-188.69658664833332
/operating_model/outputs/2027Q1:downside/values/gross_profitNone458.507747465
/operating_model/outputs/2027Q1:downside/values/internationalNone145.01503449999998
/operating_model/outputs/2027Q1:downside/values/operating_incomeNone-38.713253314999974
/operating_model/outputs/2027Q1:downside/values/revenueNone775.4250015
/operating_model/outputs/2027Q1:downside/values/softwareNone8.0
/operating_model/outputs/2027Q1:downside/values/usNone630.409967
/operating_model/outputs/2027Q1:upside/caseNoneupside
/operating_model/outputs/2027Q1:upside/frequencyNonequarter
/operating_model/outputs/2027Q1:upside/metrics/adjusted_ebitdaNoneupside_2027q1_adjusted_ebitda
/operating_model/outputs/2027Q1:upside/metrics/capexNoneupside_2027q1_capex
/operating_model/outputs/2027Q1:upside/metrics/cfoNoneupside_2027q1_cfo
/operating_model/outputs/2027Q1:upside/metrics/company_fcfNoneupside_2027q1_company_fcf
/operating_model/outputs/2027Q1:upside/metrics/fcfNoneupside_2027q1_fcf
/operating_model/outputs/2027Q1:upside/metrics/funding_cashNoneupside_2027q1_funding_cash
/operating_model/outputs/2027Q1:upside/metrics/gross_profitNoneupside_2027q1_gross_profit
/operating_model/outputs/2027Q1:upside/metrics/internationalNoneupside_2027q1_international
/operating_model/outputs/2027Q1:upside/metrics/operating_incomeNoneupside_2027q1_operating_income
/operating_model/outputs/2027Q1:upside/metrics/revenueNoneupside_2027q1_revenue
/operating_model/outputs/2027Q1:upside/metrics/softwareNoneupside_2027q1_software
/operating_model/outputs/2027Q1:upside/metrics/usNoneupside_2027q1_us
/operating_model/outputs/2027Q1:upside/periodNone2027Q1
/operating_model/outputs/2027Q1:upside/period_endNone2027-03-31
/operating_model/outputs/2027Q1:upside/values/adjusted_ebitdaNone173.34143647200005
/operating_model/outputs/2027Q1:upside/values/capexNone45.0
/operating_model/outputs/2027Q1:upside/values/cfoNone114.09143647200005
/operating_model/outputs/2027Q1:upside/values/company_fcfNone61.091436472000055
/operating_model/outputs/2027Q1:upside/values/fcfNone69.09143647200005
/operating_model/outputs/2027Q1:upside/values/funding_cashNone-93.8918968613333
/operating_model/outputs/2027Q1:upside/values/gross_profitNone676.0454391720001
/operating_model/outputs/2027Q1:upside/values/internationalNone239.520045
/operating_model/outputs/2027Q1:upside/values/operating_incomeNone63.341436472000055
/operating_model/outputs/2027Q1:upside/values/revenueNone1029.4080054
/operating_model/outputs/2027Q1:upside/values/softwareNone8.0
/operating_model/outputs/2027Q1:upside/values/usNone789.8879604000001
/operating_model/outputs/2027Q2:base/caseNonebase
/operating_model/outputs/2027Q2:base/frequencyNonequarter
/operating_model/outputs/2027Q2:base/metrics/adjusted_ebitdaNonebase_2027q2_adjusted_ebitda
/operating_model/outputs/2027Q2:base/metrics/capexNonebase_2027q2_capex
/operating_model/outputs/2027Q2:base/metrics/cfoNonebase_2027q2_cfo
/operating_model/outputs/2027Q2:base/metrics/company_fcfNonebase_2027q2_company_fcf
/operating_model/outputs/2027Q2:base/metrics/fcfNonebase_2027q2_fcf
/operating_model/outputs/2027Q2:base/metrics/funding_cashNonebase_2027q2_funding_cash
/operating_model/outputs/2027Q2:base/metrics/gross_profitNonebase_2027q2_gross_profit
/operating_model/outputs/2027Q2:base/metrics/internationalNonebase_2027q2_international
/operating_model/outputs/2027Q2:base/metrics/operating_incomeNonebase_2027q2_operating_income
/operating_model/outputs/2027Q2:base/metrics/revenueNonebase_2027q2_revenue
/operating_model/outputs/2027Q2:base/metrics/softwareNonebase_2027q2_software
/operating_model/outputs/2027Q2:base/metrics/usNonebase_2027q2_us
/operating_model/outputs/2027Q2:base/periodNone2027Q2
/operating_model/outputs/2027Q2:base/period_endNone2027-06-30
/operating_model/outputs/2027Q2:base/values/adjusted_ebitdaNone122.61480390974998
/operating_model/outputs/2027Q2:base/values/capexNone40.0
/operating_model/outputs/2027Q2:base/values/cfoNone99.61480390974998
/operating_model/outputs/2027Q2:base/values/company_fcfNone51.11480390974998
/operating_model/outputs/2027Q2:base/values/fcfNone59.61480390974998
/operating_model/outputs/2027Q2:base/values/funding_cashNone-106.86852942358337
/operating_model/outputs/2027Q2:base/values/gross_profitNone613.7532532775
/operating_model/outputs/2027Q2:base/values/internationalNone212.75857575
/operating_model/outputs/2027Q2:base/values/operating_incomeNone14.61480390974998
/operating_model/outputs/2027Q2:base/values/revenueNone976.96786285
/operating_model/outputs/2027Q2:base/values/softwareNone8.5
/operating_model/outputs/2027Q2:base/values/usNone764.2092871
/operating_model/outputs/2027Q2:downside/caseNonedownside
/operating_model/outputs/2027Q2:downside/frequencyNonequarter
/operating_model/outputs/2027Q2:downside/metrics/adjusted_ebitdaNonedownside_2027q2_adjusted_ebitda
/operating_model/outputs/2027Q2:downside/metrics/capexNonedownside_2027q2_capex
/operating_model/outputs/2027Q2:downside/metrics/cfoNonedownside_2027q2_cfo
/operating_model/outputs/2027Q2:downside/metrics/company_fcfNonedownside_2027q2_company_fcf
/operating_model/outputs/2027Q2:downside/metrics/fcfNonedownside_2027q2_fcf
/operating_model/outputs/2027Q2:downside/metrics/funding_cashNonedownside_2027q2_funding_cash
/operating_model/outputs/2027Q2:downside/metrics/gross_profitNonedownside_2027q2_gross_profit
/operating_model/outputs/2027Q2:downside/metrics/internationalNonedownside_2027q2_international
/operating_model/outputs/2027Q2:downside/metrics/operating_incomeNonedownside_2027q2_operating_income
/operating_model/outputs/2027Q2:downside/metrics/revenueNonedownside_2027q2_revenue
/operating_model/outputs/2027Q2:downside/metrics/softwareNonedownside_2027q2_software
/operating_model/outputs/2027Q2:downside/metrics/usNonedownside_2027q2_us
/operating_model/outputs/2027Q2:downside/periodNone2027Q2
/operating_model/outputs/2027Q2:downside/period_endNone2027-06-30
/operating_model/outputs/2027Q2:downside/values/adjusted_ebitdaNone70.89240407749998
/operating_model/outputs/2027Q2:downside/values/capexNone40.0
/operating_model/outputs/2027Q2:downside/values/cfoNone32.892404077499975
/operating_model/outputs/2027Q2:downside/values/company_fcfNone-15.607595922500025
/operating_model/outputs/2027Q2:downside/values/fcfNone-7.107595922500025
/operating_model/outputs/2027Q2:downside/values/funding_cashNone-173.59092925583337
/operating_model/outputs/2027Q2:downside/values/gross_profitNone488.4104266475
/operating_model/outputs/2027Q2:downside/values/internationalNone154.47253675
/operating_model/outputs/2027Q2:downside/values/operating_incomeNone-39.107595922500025
/operating_model/outputs/2027Q2:downside/values/revenueNone825.99619725
/operating_model/outputs/2027Q2:downside/values/softwareNone8.5
/operating_model/outputs/2027Q2:downside/values/usNone671.5236605
/operating_model/outputs/2027Q2:upside/caseNoneupside
/operating_model/outputs/2027Q2:upside/frequencyNonequarter
/operating_model/outputs/2027Q2:upside/metrics/adjusted_ebitdaNoneupside_2027q2_adjusted_ebitda
/operating_model/outputs/2027Q2:upside/metrics/capexNoneupside_2027q2_capex
/operating_model/outputs/2027Q2:upside/metrics/cfoNoneupside_2027q2_cfo
/operating_model/outputs/2027Q2:upside/metrics/company_fcfNoneupside_2027q2_company_fcf
/operating_model/outputs/2027Q2:upside/metrics/fcfNoneupside_2027q2_fcf
/operating_model/outputs/2027Q2:upside/metrics/funding_cashNoneupside_2027q2_funding_cash
/operating_model/outputs/2027Q2:upside/metrics/gross_profitNoneupside_2027q2_gross_profit
/operating_model/outputs/2027Q2:upside/metrics/internationalNoneupside_2027q2_international
/operating_model/outputs/2027Q2:upside/metrics/operating_incomeNoneupside_2027q2_operating_income
/operating_model/outputs/2027Q2:upside/metrics/revenueNoneupside_2027q2_revenue
/operating_model/outputs/2027Q2:upside/metrics/softwareNoneupside_2027q2_software
/operating_model/outputs/2027Q2:upside/metrics/usNoneupside_2027q2_us
/operating_model/outputs/2027Q2:upside/periodNone2027Q2
/operating_model/outputs/2027Q2:upside/period_endNone2027-06-30
/operating_model/outputs/2027Q2:upside/values/adjusted_ebitdaNone183.86370406800006
/operating_model/outputs/2027Q2:upside/values/capexNone40.0
/operating_model/outputs/2027Q2:upside/values/cfoNone170.86370406800006
/operating_model/outputs/2027Q2:upside/values/company_fcfNone122.36370406800006
/operating_model/outputs/2027Q2:upside/values/fcfNone130.86370406800006
/operating_model/outputs/2027Q2:upside/values/funding_cashNone-35.61962926533329
/operating_model/outputs/2027Q2:upside/values/gross_profitNone720.135359118
/operating_model/outputs/2027Q2:upside/values/internationalNone255.14091749999997
/operating_model/outputs/2027Q2:upside/values/operating_incomeNone67.86370406800006
/operating_model/outputs/2027Q2:upside/values/revenueNone1096.5433100999999
/operating_model/outputs/2027Q2:upside/values/softwareNone8.5
/operating_model/outputs/2027Q2:upside/values/usNone841.4023926
/operating_model/outputs/FY2026:base/caseNonebase
/operating_model/outputs/FY2026:base/frequencyNoneyear
/operating_model/outputs/FY2026:base/metrics/adjusted_ebitdaNonebase_fy2026_adjusted_ebitda
/operating_model/outputs/FY2026:base/metrics/capexNonebase_fy2026_capex
/operating_model/outputs/FY2026:base/metrics/cfoNonebase_fy2026_cfo
/operating_model/outputs/FY2026:base/metrics/company_fcfNonebase_fy2026_company_fcf
/operating_model/outputs/FY2026:base/metrics/fcfNonebase_fy2026_fcf
/operating_model/outputs/FY2026:base/metrics/funding_cashNonebase_fy2026_funding_cash
/operating_model/outputs/FY2026:base/metrics/gross_profitNonebase_fy2026_gross_profit
/operating_model/outputs/FY2026:base/metrics/internationalNonebase_fy2026_international
/operating_model/outputs/FY2026:base/metrics/operating_incomeNonebase_fy2026_operating_income
/operating_model/outputs/FY2026:base/metrics/revenueNonebase_fy2026_revenue
/operating_model/outputs/FY2026:base/metrics/softwareNonebase_fy2026_software
/operating_model/outputs/FY2026:base/metrics/usNonebase_fy2026_us
/operating_model/outputs/FY2026:base/periodNoneFY2026
/operating_model/outputs/FY2026:base/period_endNone2026-12-31
/operating_model/outputs/FY2026:base/values/adjusted_ebitdaNone300.0
/operating_model/outputs/FY2026:base/values/capexNone134.77
/operating_model/outputs/FY2026:base/values/cfoNone124.314
/operating_model/outputs/FY2026:base/values/company_fcfNone-37.76400000000001
/operating_model/outputs/FY2026:base/values/fcfNone-10.45600000000001
/operating_model/outputs/FY2026:base/values/funding_cashNone-762.8446666666669
/operating_model/outputs/FY2026:base/values/gross_profitNone2029.3651000000002
/operating_model/outputs/FY2026:base/values/internationalNone643.261
/operating_model/outputs/FY2026:base/values/operating_incomeNone-176.118
/operating_model/outputs/FY2026:base/values/revenueNone3200.0
/operating_model/outputs/FY2026:base/values/softwareNone27.308
/operating_model/outputs/FY2026:base/values/usNone2556.739
/operating_model/outputs/FY2026:downside/caseNonedownside
/operating_model/outputs/FY2026:downside/frequencyNoneyear
/operating_model/outputs/FY2026:downside/metrics/adjusted_ebitdaNonedownside_fy2026_adjusted_ebitda
/operating_model/outputs/FY2026:downside/metrics/capexNonedownside_fy2026_capex
/operating_model/outputs/FY2026:downside/metrics/cfoNonedownside_fy2026_cfo
/operating_model/outputs/FY2026:downside/metrics/company_fcfNonedownside_fy2026_company_fcf
/operating_model/outputs/FY2026:downside/metrics/fcfNonedownside_fy2026_fcf
/operating_model/outputs/FY2026:downside/metrics/funding_cashNonedownside_fy2026_funding_cash
/operating_model/outputs/FY2026:downside/metrics/gross_profitNonedownside_fy2026_gross_profit
/operating_model/outputs/FY2026:downside/metrics/internationalNonedownside_fy2026_international
/operating_model/outputs/FY2026:downside/metrics/operating_incomeNonedownside_fy2026_operating_income
/operating_model/outputs/FY2026:downside/metrics/revenueNonedownside_fy2026_revenue
/operating_model/outputs/FY2026:downside/metrics/softwareNonedownside_fy2026_software
/operating_model/outputs/FY2026:downside/metrics/usNonedownside_fy2026_us
/operating_model/outputs/FY2026:downside/periodNoneFY2026
/operating_model/outputs/FY2026:downside/period_endNone2026-12-31
/operating_model/outputs/FY2026:downside/values/adjusted_ebitdaNone246.0
/operating_model/outputs/FY2026:downside/values/capexNone134.77
/operating_model/outputs/FY2026:downside/values/cfoNone5.313999999999993
/operating_model/outputs/FY2026:downside/values/company_fcfNone-156.764
/operating_model/outputs/FY2026:downside/values/fcfNone-129.45600000000002
/operating_model/outputs/FY2026:downside/values/funding_cashNone-881.8446666666667
/operating_model/outputs/FY2026:downside/values/gross_profitNone1867.71782
/operating_model/outputs/FY2026:downside/values/internationalNone548.261
/operating_model/outputs/FY2026:downside/values/operating_incomeNone-234.118
/operating_model/outputs/FY2026:downside/values/revenueNone3040.0
/operating_model/outputs/FY2026:downside/values/softwareNone27.308
/operating_model/outputs/FY2026:downside/values/usNone2491.739
/operating_model/outputs/FY2026:upside/caseNoneupside
/operating_model/outputs/FY2026:upside/frequencyNoneyear
/operating_model/outputs/FY2026:upside/metrics/adjusted_ebitdaNoneupside_fy2026_adjusted_ebitda
/operating_model/outputs/FY2026:upside/metrics/capexNoneupside_fy2026_capex
/operating_model/outputs/FY2026:upside/metrics/cfoNoneupside_fy2026_cfo
/operating_model/outputs/FY2026:upside/metrics/company_fcfNoneupside_fy2026_company_fcf
/operating_model/outputs/FY2026:upside/metrics/fcfNoneupside_fy2026_fcf
/operating_model/outputs/FY2026:upside/metrics/funding_cashNoneupside_fy2026_funding_cash
/operating_model/outputs/FY2026:upside/metrics/gross_profitNoneupside_fy2026_gross_profit
/operating_model/outputs/FY2026:upside/metrics/internationalNoneupside_fy2026_international
/operating_model/outputs/FY2026:upside/metrics/operating_incomeNoneupside_fy2026_operating_income
/operating_model/outputs/FY2026:upside/metrics/revenueNoneupside_fy2026_revenue
/operating_model/outputs/FY2026:upside/metrics/softwareNoneupside_fy2026_software
/operating_model/outputs/FY2026:upside/metrics/usNoneupside_fy2026_us
/operating_model/outputs/FY2026:upside/periodNoneFY2026
/operating_model/outputs/FY2026:upside/period_endNone2026-12-31
/operating_model/outputs/FY2026:upside/values/adjusted_ebitdaNone327.0
/operating_model/outputs/FY2026:upside/values/capexNone134.77
/operating_model/outputs/FY2026:upside/values/cfoNone217.564
/operating_model/outputs/FY2026:upside/values/company_fcfNone55.48599999999999
/operating_model/outputs/FY2026:upside/values/fcfNone82.79399999999998
/operating_model/outputs/FY2026:upside/values/funding_cashNone-669.5946666666667
/operating_model/outputs/FY2026:upside/values/gross_profitNone2144.7055600000003
/operating_model/outputs/FY2026:upside/values/internationalNone694.261
/operating_model/outputs/FY2026:upside/values/operating_incomeNone-156.118
/operating_model/outputs/FY2026:upside/values/revenueNone3296.0
/operating_model/outputs/FY2026:upside/values/softwareNone27.308
/operating_model/outputs/FY2026:upside/values/usNone2601.739
/operating_model/outputs/FY2027:base/caseNonebase
/operating_model/outputs/FY2027:base/frequencyNoneyear
/operating_model/outputs/FY2027:base/metrics/adjusted_ebitdaNonebase_fy2027_adjusted_ebitda
/operating_model/outputs/FY2027:base/metrics/capexNonebase_fy2027_capex
/operating_model/outputs/FY2027:base/metrics/cfoNonebase_fy2027_cfo
/operating_model/outputs/FY2027:base/metrics/company_fcfNonebase_fy2027_company_fcf
/operating_model/outputs/FY2027:base/metrics/fcfNonebase_fy2027_fcf
/operating_model/outputs/FY2027:base/metrics/funding_cashNonebase_fy2027_funding_cash
/operating_model/outputs/FY2027:base/metrics/gross_profitNonebase_fy2027_gross_profit
/operating_model/outputs/FY2027:base/metrics/internationalNonebase_fy2027_international
/operating_model/outputs/FY2027:base/metrics/operating_incomeNonebase_fy2027_operating_income
/operating_model/outputs/FY2027:base/metrics/revenueNonebase_fy2027_revenue
/operating_model/outputs/FY2027:base/metrics/softwareNonebase_fy2027_software
/operating_model/outputs/FY2027:base/metrics/usNonebase_fy2027_us
/operating_model/outputs/FY2027:base/periodNoneFY2027
/operating_model/outputs/FY2027:base/period_endNone2027-12-31
/operating_model/outputs/FY2027:base/values/adjusted_ebitdaNone499.48899555
/operating_model/outputs/FY2027:base/values/capexNone155.0
/operating_model/outputs/FY2027:base/values/cfoNone387.48899555
/operating_model/outputs/FY2027:base/values/company_fcfNone197.48899555000003
/operating_model/outputs/FY2027:base/values/fcfNone232.48899555000003
/operating_model/outputs/FY2027:base/values/funding_cashNone-440.44433778333337
/operating_model/outputs/FY2027:base/values/gross_profitNone2505.1153195
/operating_model/outputs/FY2027:base/values/internationalNone868.4023500000001
/operating_model/outputs/FY2027:base/values/operating_incomeNone59.48899555000003
/operating_model/outputs/FY2027:base/values/revenueNone3987.6239299999997
/operating_model/outputs/FY2027:base/values/softwareNone35.0
/operating_model/outputs/FY2027:base/values/usNone3119.2215799999994
/operating_model/outputs/FY2027:downside/caseNonedownside
/operating_model/outputs/FY2027:downside/frequencyNoneyear
/operating_model/outputs/FY2027:downside/metrics/adjusted_ebitdaNonedownside_fy2027_adjusted_ebitda
/operating_model/outputs/FY2027:downside/metrics/capexNonedownside_fy2027_capex
/operating_model/outputs/FY2027:downside/metrics/cfoNonedownside_fy2027_cfo
/operating_model/outputs/FY2027:downside/metrics/company_fcfNonedownside_fy2027_company_fcf
/operating_model/outputs/FY2027:downside/metrics/fcfNonedownside_fy2027_fcf
/operating_model/outputs/FY2027:downside/metrics/funding_cashNonedownside_fy2027_funding_cash
/operating_model/outputs/FY2027:downside/metrics/gross_profitNonedownside_fy2027_gross_profit
/operating_model/outputs/FY2027:downside/metrics/internationalNonedownside_fy2027_international
/operating_model/outputs/FY2027:downside/metrics/operating_incomeNonedownside_fy2027_operating_income
/operating_model/outputs/FY2027:downside/metrics/revenueNonedownside_fy2027_revenue
/operating_model/outputs/FY2027:downside/metrics/softwareNonedownside_fy2027_software
/operating_model/outputs/FY2027:downside/metrics/usNonedownside_fy2027_us
/operating_model/outputs/FY2027:downside/periodNoneFY2027
/operating_model/outputs/FY2027:downside/period_endNone2027-12-31
/operating_model/outputs/FY2027:downside/values/adjusted_ebitdaNone288.37715950000006
/operating_model/outputs/FY2027:downside/values/capexNone155.0
/operating_model/outputs/FY2027:downside/values/cfoNone126.37715950000006
/operating_model/outputs/FY2027:downside/values/company_fcfNone-63.62284049999994
/operating_model/outputs/FY2027:downside/values/fcfNone-28.62284049999994
/operating_model/outputs/FY2027:downside/values/funding_cashNone-701.5561738333333
/operating_model/outputs/FY2027:downside/values/gross_profitNone1993.5119455000004
/operating_model/outputs/FY2027:downside/values/internationalNone630.50015
/operating_model/outputs/FY2027:downside/values/operating_incomeNone-159.62284049999994
/operating_model/outputs/FY2027:downside/values/revenueNone3371.41305
/operating_model/outputs/FY2027:downside/values/softwareNone35.0
/operating_model/outputs/FY2027:downside/values/usNone2740.9129000000003
/operating_model/outputs/FY2027:upside/caseNoneupside
/operating_model/outputs/FY2027:upside/frequencyNoneyear
/operating_model/outputs/FY2027:upside/metrics/adjusted_ebitdaNoneupside_fy2027_adjusted_ebitda
/operating_model/outputs/FY2027:upside/metrics/capexNoneupside_fy2027_capex
/operating_model/outputs/FY2027:upside/metrics/cfoNoneupside_fy2027_cfo
/operating_model/outputs/FY2027:upside/metrics/company_fcfNoneupside_fy2027_company_fcf
/operating_model/outputs/FY2027:upside/metrics/fcfNoneupside_fy2027_fcf
/operating_model/outputs/FY2027:upside/metrics/funding_cashNoneupside_fy2027_funding_cash
/operating_model/outputs/FY2027:upside/metrics/gross_profitNoneupside_fy2027_gross_profit
/operating_model/outputs/FY2027:upside/metrics/internationalNoneupside_fy2027_international
/operating_model/outputs/FY2027:upside/metrics/operating_incomeNoneupside_fy2027_operating_income
/operating_model/outputs/FY2027:upside/metrics/revenueNoneupside_fy2027_revenue
/operating_model/outputs/FY2027:upside/metrics/softwareNoneupside_fy2027_software
/operating_model/outputs/FY2027:upside/metrics/usNoneupside_fy2027_us
/operating_model/outputs/FY2027:upside/periodNoneFY2027
/operating_model/outputs/FY2027:upside/period_endNone2027-12-31
/operating_model/outputs/FY2027:upside/values/adjusted_ebitdaNone749.4845064000003
/operating_model/outputs/FY2027:upside/values/capexNone155.0
/operating_model/outputs/FY2027:upside/values/cfoNone646.2345064000003
/operating_model/outputs/FY2027:upside/values/company_fcfNone456.2345064000003
/operating_model/outputs/FY2027:upside/values/fcfNone491.2345064000003
/operating_model/outputs/FY2027:upside/values/funding_cashNone-181.69882693333307
/operating_model/outputs/FY2027:upside/values/gross_profitNone2939.3279964000003
/operating_model/outputs/FY2027:upside/values/internationalNone1041.3915
/operating_model/outputs/FY2027:upside/values/operating_incomeNone275.4845064000003
/operating_model/outputs/FY2027:upside/values/revenueNone4475.68698
/operating_model/outputs/FY2027:upside/values/softwareNone35.0
/operating_model/outputs/FY2027:upside/values/usNone3434.29548
/operating_model/reviewed_atNone2026-09-19
/operating_model/schema_versionNoneoperating_model.v1
/operating_model/titleNoneUS treatment mix, acquired international sales and cash commitments
/research/change_noteNoneFirst sourced operating model after the branded-medicine shift and Eucalyptus close, with reserve-payment and acquisition-funding cash bridges.
/research/checkpoints/0/date_statusNoneestimated
/research/checkpoints/0/eventNoneQ3 execution
/research/checkpoints/0/timingNoneQ3 2026; release date unconfirmed
/research/checkpoints/0/watchNoneCompare $880M-$900M revenue and $75M-$95M adjusted EBITDA guidance with geographic mix and cash.
/research/checkpoints/1/date_statusNoneestimated
/research/checkpoints/1/eventNoneRebate collections and facility use
/research/checkpoints/1/timingNoneEach quarterly filing
/research/checkpoints/1/watchNoneReconcile gross rebate receivables, supplier payables and actual receivable-sale proceeds.
/research/checkpoints/2/date_statusNoneestimated
/research/checkpoints/2/eventNoneEucalyptus payments and share elections
/research/checkpoints/2/timingNoneSix installments through 18 months after June close
/research/checkpoints/2/watchNoneReplace equal all-cash stress phasing with disclosed settlement amounts; track share-limit and FX effects.
/research/countercaseNoneStrong sales can coexist with weaker gross margins, rebates tied up in receivables and heavy acquisition commitments. Adjusted EBITDA excludes cash costs as well as noncash expenses. Branded-drug access and the commercial agreement do not eliminate regulatory or litigation uncertainty, while stock settlement preserves cash by transferring dilution to owners.
/research/economicsNoneH1 revenue was $1,361.318M: US $1,151.739M and rest of world $209.579M. Gross profit was $877.590M, GAAP operating loss $175.515M and adjusted EBITDA $104.603M. CFO of $53.417M less $55.770M PP&E/intangibles and $12.808M software produced negative $15.161M company FCF. Award withholding consumed $62.324M, acquisition cash $318.108M and financing-classified earnouts $43.682M; another $7.058M operating earnout was already in CFO. Receivables used $328.987M while payables supplied $323.795M, so treating only the gross receivable change as cash burn would misstate the bridge. June manufacturer rebate receivables were $347.4M, and cash plus short-term investments $841.048M. Eucalyptus purchase accounting included $225M upfront, $683.9M deferred and $59.6M contingent fair value. Deferred payments can largely use shares subject to limits; the model separately stresses an all-cash election. The July $400M rebate facility is uncommitted. The $62.5M legal reserve is expensed already, with future payment timing unresolved.
/research/limitations/0NoneForecasts are desk scenarios, not management guidance beyond the specifically sourced ranges. International growth includes acquisitions; no claim of an organic Eucalyptus revenue series is made.
/research/limitations/1NoneMonthly revenue per average subscriber already uses total revenue. It is not multiplied by quarter-end subscribers and then supplemented with a second revenue stream. Shipping cadence can change recognition timing.
/research/limitations/2NoneThe March shift favors branded GLP-1 medicines with a different margin structure. The forecast does not carry the prior compounded-product gross margin into the new mix or assume regulatory disputes are resolved.
/research/limitations/3NoneManufacturer rebate receivables and related payables are modeled as a net timing exposure. The $400M July facility is uncommitted and is not cash on hand; no draw or sale proceeds are assumed.
/research/limitations/4NonePayment of the $62.5M June legal reserve is a desk timing assumption and reduces cash without repeating the already recognized expense. New matters could create additional expense or cash requirements.
/research/limitations/5NoneThe funding stress assumes all $683.9M Eucalyptus deferred consideration is paid in six equal cash installments through December 2027. Actual installments, AUD translation and cash/share elections can differ; this is deliberately a cash sensitivity, not the contractual payment schedule.
/research/limitations/6NoneOther acquisition payables, earnouts and contingent milestones can require additional funding. No full balance sheet, facility capacity test, financing forecast, EPS or valuation is provided.
/research/questionNoneHow much cash remains after branded-product economics, rebate timing and acquisition commitments?
/research/reviewed_atNone2026-09-19
/research/risks/0NoneBranded GLP-1 mix, supplier access and pharmacy economics can reduce margins.
/research/risks/1NoneRegulatory investigations, compounding rules and litigation outcomes remain uncertain.
/research/risks/2NoneAcquired international growth is not a comparable organic subscriber series.
/research/risks/3NoneManufacturer rebates, supplier payables and an uncommitted facility can create timing strain.
/research/risks/4NoneEucalyptus deferred payments, FX and cash/share elections change funding needs.
/research/risks/5NoneExisting reserves, contingent earnouts and technology milestones can consume cash.
/research/titleNoneGrowth through a changing medicine mix and acquired geography
/sources/0/retrievedNone2026-09-19
/sources/0/titleNoneAugust 10 Q2 results, geography, subscriber definition and outlook
/sources/0/urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Health-Inc--Reports-Second-Quarter-2026-Financial-Results/default.aspx
/sources/1/retrievedNone2026-09-19
/sources/1/titleNoneAugust 10 Form 10-Q: rebates, cash, legal reserve and acquisitions
/sources/1/urlNonehttps://www.sec.gov/Archives/edgar/data/1773751/000177375126000163/hims-20260630.htm
/sources/2/retrievedNone2026-09-19
/sources/2/titleNoneMarch 9 strategic shift to branded weight-loss medicines
/sources/2/urlNonehttps://investors.hims.com/news/news-details/2026/Hims--Hers-Announces-Strategic-Shift-for-US-Weight-Loss-Business/
/thesis/scenario_rangesNoneExplicit downside/base/upside business assumptions; not price targets, probabilities or historical market-memory bands.
/thesis/viewRevenue growth is strong, but the business mix and capital commitments have changed materially. Q2 gross margin fell to 64% as the branded medicine and international mix expanded. H1 adjusted EBITDA of $104.603M coexisted with negative $15.161M company FCF before award withholding and acquisition payments. The operating model separates those economics from a deliberately explicit all-cash Eucalyptus funding stress.
/thesis/what_changes_itTrack US and international sales separately, normalized gross margin and net rebate/payable cash timing. Require the actual deferred-payment cash/share election and collections before assuming the uncommitted receivable facility can fund growth.