Financial Statements — ACET
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 36.24 | 29.10 | 34.72 | 28.13 | 105.48 | 224.07 | 247.59 | 183.26 | 205.46 | 231.64 | 282.68 | 260.64 | 277.88 | 192.23 | 208.73 | 221.67 |
| Short-term Investments | -- | -- | -- | -- | 96.58 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 140.07 | 106.49 | 127.74 | 153.56 | 206.32 | 228.35 | 250.35 | 185.88 | 208.66 | 234.81 | 285.74 | 264.09 | 281.53 | 199.03 | 216.30 | 229.11 |
| Property, Plant & Equipment | 15.18 | 17.99 | 19.55 | 21.11 | 24.09 | 24.04 | 25.41 | 28.27 | 29.58 | 29.89 | 26.83 | 23.17 | 17.74 | 11.40 | 4.80 | 3.12 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | 0.00 | 19.46 | 19.46 | 19.46 | 19.46 | 19.46 | 19.46 | 19.46 | 19.86 |
| Total Non-current Assets* | 29.31 | 33.99 | 35.23 | 37.71 | 39.65 | 40.49 | 42.75 | 47.37 | 68.98 | 70.17 | 68.57 | 65.82 | 58.92 | 58.17 | 52.48 | 52.97 |
| Total Assets | 169.38 | 140.48 | 162.97 | 191.27 | 245.96 | 268.84 | 293.10 | 233.26 | 277.63 | 304.97 | 354.30 | 329.90 | 340.45 | 257.20 | 268.78 | 282.07 |
| Accounts Payable | 2.93 | 4.29 | 3.29 | 4.40 | 2.50 | 1.90 | 2.54 | 4.07 | 3.12 | 2.75 | 4.57 | 4.15 | 3.47 | 4.63 | 2.32 | 1.75 |
| Total Current Liabilities | 18.30 | 18.94 | 17.08 | 16.45 | 19.39 | 17.90 | 17.46 | 19.77 | 18.84 | 18.10 | 17.22 | 16.40 | 10.40 | 20.03 | 20.95 | 25.18 |
| Total Non-current Liabilities* | 11.02 | 12.40 | 12.52 | 13.38 | 15.04 | 15.83 | 16.83 | 18.81 | 19.73 | 20.66 | 19.42 | 20.24 | 18.97 | 19.94 | 19.49 | 20.63 |
| Total Liabilities | 29.32 | 31.34 | 29.60 | 29.83 | 34.43 | 33.73 | 34.29 | 38.58 | 38.57 | 38.76 | 36.65 | 36.64 | 29.37 | 39.97 | 40.44 | 45.81 |
| Retained Earnings | (634.94) | (584.18) | (557.33) | (526.11) | (469.17) | (438.69) | (408.79) | (351.28) | (301.40) | (268.99) | (208.24) | (186.24) | (163.71) | (152.51) | (138.50) | (127.64) |
| Total Stockholder Equity | 140.07 | 109.14 | 133.37 | 161.45 | 211.53 | 235.11 | 258.80 | 194.68 | 239.06 | 266.21 | 317.66 | 293.27 | 311.08 | 217.22 | 228.34 | 236.26 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Research & Development | 17.49 | 25.04 | 22.85 | 28.42 | 22.81 | 23.27 | 26.25 | 25.90 | 23.90 | 24.76 | 26.17 | 28.36 | 26.76 | 25.02 | 16.57 | 16.18 | 13.48 | 14.66 | 11.93 | 10.62 |
| Selling, General & Admin | 4.08 | 6.85 | 5.10 | 3.97 | 7.07 | 7.47 | 6.90 | 6.95 | 6.97 | 6.81 | 6.63 | 6.53 | 6.57 | 6.55 | 6.42 | 6.53 | 6.80 | 6.35 | 5.21 | 5.03 |
| Total Operating Expenses | 21.57 | 31.89 | 27.95 | 32.39 | 29.89 | 30.74 | 33.15 | 32.85 | 30.87 | 31.56 | 52.26 | 34.89 | 33.32 | 31.57 | 22.99 | 22.71 | 20.28 | 21.01 | 17.14 | 15.64 |
| Operating Income | (21.57) | (31.88) | (27.95) | (32.39) | (29.88) | (30.74) | (33.15) | (32.85) | (30.87) | (31.56) | (52.26) | (34.89) | (33.32) | (31.56) | (22.98) | (22.71) | 4.71 | (15.54) | (13.71) | (10.83) |
| Interest Expense | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.05 | 0.05 |
| Pretax Income | (20.24) | (30.52) | (26.86) | (31.22) | (28.21) | (28.73) | (30.48) | (29.90) | (28.02) | (29.49) | (49.88) | (32.40) | (30.88) | (29.87) | (22.00) | (22.54) | 4.62 | (15.82) | (14.00) | (10.93) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.01 | (0.08) |
| Net Income | (20.24) | (30.52) | (26.86) | (31.22) | (28.21) | (28.73) | (30.48) | (29.90) | (28.02) | (29.49) | (49.88) | (32.40) | (30.88) | (29.87) | (22.00) | (22.54) | 4.62 | (15.81) | (14.01) | (10.85) |
| Basic EPS | (1.88) | (16.01) | (0.29) | (0.34) | (0.31) | (0.31) | (0.34) | (0.33) | (0.35) | (0.68) | (1.16) | (0.75) | (0.72) | (0.73) | (0.53) | (0.56) | 0.12 | -- | -- | -- |
| Diluted EPS | (1.88) | (16.01) | (0.29) | (0.34) | (0.31) | (0.31) | (0.34) | (0.33) | (0.35) | (0.68) | (1.16) | (0.75) | (0.72) | (0.71) | (0.53) | (0.56) | 0.10 | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (21.49) | (20.91) | (22.31) | (26.63) | (25.40) | (24.10) | (22.01) | (23.42) | (22.85) | (23.49) | (21.24) | (24.90) | (24.09) | (18.84) | (15.33) | (14.70) | 4.11 | (13.44) | (9.68) | (12.78) |
| Capital Expenditures | 0.04 | (0.01) | 0.21 | 0.05 | 1.49 | 0.18 | 0.40 | 0.30 | 0.24 | 0.14 | 0.91 | 1.51 | 1.92 | 6.49 | 4.81 | 2.85 | 2.63 | 3.08 | 7.18 | 2.13 |
| Free Cash Flow* | (21.53) | (20.90) | (22.52) | (26.68) | (26.89) | (24.28) | (22.41) | (23.72) | (23.09) | (23.62) | (22.14) | (26.41) | (26.01) | (25.33) | (20.14) | (17.55) | 1.47 | (16.52) | (16.86) | (14.91) |
| Investing Cash Flow | 18.88 | (44.53) | 16.84 | 32.95 | (2.86) | (22.12) | (96.58) | (0.30) | (0.24) | (0.14) | (0.91) | (1.51) | (1.91) | (6.49) | (4.81) | (2.85) | (2.63) | (3.08) | (7.18) | (0.38) |
| Financing Cash Flow | (0.06) | 75.23 | (0.15) | 0.27 | (0.10) | 0.14 | 0.00 | 0.20 | 110.97 | 0.08 | (0.06) | 0.23 | (0.01) | 0.30 | 42.18 | 0.16 | (1.13) | 97.46 | 0.36 | (0.03) |
* Derived from reported values
