Financial Statements — AKBA
Balance Sheet
(in billions 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 | 0.16 | 0.17 | 0.14 | 0.11 | 0.03 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.14 | 0.14 | 0.17 | 0.21 | 0.25 | 0.25 |
| Accounts Receivable | 0.06 | 0.07 | 0.07 | 0.06 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.08 | 0.06 | 0.05 | 0.04 | 0.04 |
| Inventory | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 |
| Total Current Assets | 0.24 | 0.26 | 0.23 | 0.20 | 0.10 | 0.11 | 0.11 | 0.11 | 0.12 | 0.12 | 0.24 | 0.30 | 0.30 | 0.33 | 0.33 | 0.37 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Goodwill | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 |
| Intangible Assets | -- | -- | -- | -- | 0.01 | 0.02 | 0.03 | 0.05 | 0.05 | 0.06 | 0.08 | 0.09 | 0.10 | -- | -- | 0.14 |
| Total Non-current Assets* | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.13 | 0.14 | 0.16 | 0.20 | 0.22 | 0.23 | 0.27 | 0.28 | 0.26 |
| Total Assets | 0.36 | 0.36 | 0.35 | 0.31 | 0.21 | 0.22 | 0.23 | 0.23 | 0.25 | 0.28 | 0.44 | 0.52 | 0.54 | 0.60 | 0.61 | 0.63 |
| Accounts Payable | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.04 | 0.03 |
| Total Current Liabilities | 0.17 | 0.13 | 0.12 | 0.09 | 0.07 | 0.11 | 0.07 | 0.08 | 0.09 | 0.08 | 0.19 | 0.23 | 0.25 | 0.19 | 0.17 | 0.17 |
| Long-term Debt | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.07 | 0.10 | -- | 0.10 | 0.10 | 0.10 |
| Total Non-current Liabilities* | 0.16 | 0.19 | 0.20 | 0.19 | 0.19 | 0.15 | 0.19 | 0.19 | 0.19 | 0.21 | 0.23 | 0.23 | 0.26 | 0.28 | 0.27 | 0.24 |
| Total Liabilities | 0.34 | 0.32 | 0.32 | 0.29 | 0.26 | 0.25 | 0.25 | 0.27 | 0.28 | 0.29 | 0.42 | 0.46 | 0.51 | 0.47 | 0.44 | 0.41 |
| Retained Earnings | (1.69) | (1.67) | (1.67) | (1.67) | (1.66) | (1.64) | (1.63) | (1.61) | (1.60) | (1.58) | (1.55) | (1.49) | (1.52) | (1.39) | (1.33) | (1.25) |
| Total Stockholder Equity | 0.03 | 0.04 | 0.03 | 0.02 | (0.05) | (0.03) | (0.03) | (0.04) | (0.03) | (0.01) | 0.01 | 0.06 | 0.03 | 0.14 | 0.17 | 0.21 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 53.54 | 57.62 | 58.77 | 62.47 | 57.34 | 46.50 | 37.43 | 43.65 | 32.61 | 56.07 | 42.05 | 56.38 | 40.13 | 55.06 | 48.96 | 126.76 | 61.70 | 59.61 | 48.76 | 52.91 |
| Cost of Revenue | 12.29 | 12.54 | 9.38 | 9.92 | 7.63 | 20.36 | 14.16 | 17.05 | 11.61 | 19.37 | 18.01 | 17.28 | 19.48 | (2.32) | 37.95 | 18.60 | 31.34 | 50.35 | 15.94 | 52.50 |
| Gross Profit* | 41.25 | 45.09 | 49.38 | 52.55 | 49.71 | 26.13 | 70.87 | 26.60 | 21.00 | 36.70 | 24.04 | 39.09 | 20.64 | 57.39 | 11.02 | 108.16 | 30.36 | 9.26 | 32.81 | 0.42 |
| Research & Development | 14.81 | 26.65 | 14.94 | 11.01 | 9.75 | 11.79 | 8.49 | 7.65 | 9.73 | 9.87 | 13.33 | 20.20 | 19.69 | 32.78 | 27.35 | 26.03 | 43.83 | 29.56 | 40.47 | 37.21 |
| Selling, General & Admin | 30.44 | 26.09 | 29.09 | 26.56 | 25.74 | 27.67 | 26.52 | 26.92 | 25.44 | 25.27 | 22.71 | 27.04 | 25.22 | 30.55 | 30.92 | 32.81 | 44.33 | 44.83 | 46.36 | 41.65 |
| Total Operating Expenses | 45.95 | 53.64 | 44.93 | 38.46 | 36.20 | 40.44 | 35.77 | 35.33 | 35.94 | 35.99 | 37.07 | 48.09 | 45.58 | 65.40 | 59.19 | 74.26 | 88.85 | 75.41 | 87.70 | 79.76 |
| Operating Income | (4.70) | (8.55) | 4.45 | 14.09 | 13.51 | (14.31) | (12.50) | (8.72) | (14.94) | 0.71 | (13.04) | (9.00) | (24.94) | (8.01) | (48.17) | 33.90 | (58.49) | (66.15) | (54.89) | (79.34) |
| Pretax Income | (8.93) | (11.23) | 1.16 | 0.25 | 6.11 | (22.80) | (20.04) | (8.58) | (17.98) | 0.61 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.13 | 1.01 | 0.62 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (9.05) | (12.24) | 0.54 | 0.25 | 6.11 | (22.80) | (20.04) | (8.58) | (17.98) | (0.05) | (14.49) | (11.17) | (26.22) | (9.22) | (51.86) | 29.28 | (62.42) | (70.68) | (59.54) | (83.04) |
| Basic EPS | (0.03) | (0.05) | 0.00 | 0.00 | 0.03 | (0.10) | (0.10) | (0.04) | (0.09) | 0.00 | (0.08) | (0.06) | (0.14) | (0.04) | (0.28) | 0.16 | (0.35) | (0.40) | (0.34) | (0.51) |
| Diluted EPS | (0.03) | (0.05) | 0.00 | 0.00 | 0.03 | (0.10) | (0.10) | (0.04) | (0.09) | 0.00 | (0.08) | (0.06) | (0.14) | (0.03) | (0.28) | 0.15 | (0.35) | (0.40) | (0.34) | (0.51) |
* Derived from reported values
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 | (21.21) | 31.13 | 28.11 | 22.35 | (13.59) | (4.47) | (6.69) | (10.07) | (19.43) | (2.31) | (7.17) | 3.63 | (17.54) | (54.68) | 33.81 | (30.66) | (21.62) | (62.81) | (56.27) | (63.14) |
| Capital Expenditures | 0.06 | 0.07 | 0.08 | 0.13 | 0.02 | 0.00 | 0.00 | 0.03 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow* | (21.27) | 31.06 | 28.03 | 22.22 | (13.60) | (4.47) | (6.70) | (10.10) | -- | (2.31) | (7.17) | 3.63 | (17.54) | (54.68) | 33.81 | (30.66) | (21.73) | (62.81) | (56.27) | (63.14) |
| Investing Cash Flow | (0.06) | (7.88) | (0.08) | (0.13) | 0.15 | -0.00 | -0.00 | (0.03) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.11) | 0.00 | 0.00 | 20.00 |
| Financing Cash Flow | (0.93) | (4.85) | 1.11 | 1.72 | 74.94 | 22.33 | 1.22 | 7.64 | 18.48 | (1.29) | 0.05 | (8.00) | (15.97) | -0.00 | (32.94) | (0.01) | 47.55 | 5.40 | 16.48 | 37.37 |
* Derived from reported values