Financial Statements — ALMS
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 |
|---|
| Cash & Equivalents | 63.89 | 65.26 | 151.75 | 128.54 | 213.42 | 155.11 |
| Short-term Investments | -- | 312.47 | 334.57 | 80.21 | 148.45 | 54.42 |
| Total Current Assets | 532.41 | 393.29 | 517.56 | 225.53 | 377.35 | 224.86 |
| Property, Plant & Equipment | 17.53 | 19.06 | 20.33 | 20.33 | 21.43 | 22.17 |
| Total Non-current Assets* | 139.18 | 94.72 | 93.37 | 35.77 | 35.21 | 40.32 |
| Total Assets | 671.59 | 488.01 | 610.92 | 261.30 | 412.56 | 265.18 |
| Accounts Payable | 11.59 | 4.55 | 14.98 | 7.47 | 6.44 | 9.19 |
| Total Current Liabilities | 70.90 | 65.42 | 85.58 | 60.45 | 33.52 | 33.41 |
| Total Non-current Liabilities* | 33.66 | 37.83 | 40.02 | 32.53 | 30.66 | 31.28 |
| Total Liabilities | 104.57 | 103.24 | 125.60 | 92.98 | 64.17 | 64.70 |
| Retained Earnings | (994.93) | (808.94) | (698.19) | (757.51) | (563.79) | (470.67) |
| Total Stockholder Equity | 567.02 | 384.77 | 485.33 | 168.31 | 348.39 | (438.75) |
* 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 |
|---|
| Total Revenue | 1.74 | 1.93 | 2.07 | 2.67 | 17.39 | -- | -- | -- |
| Research & Development | 81.54 | 82.79 | 97.84 | 108.76 | 96.62 | 87.20 | 87.82 | 48.57 |
| Selling, General & Admin | 18.61 | 15.59 | 19.52 | 34.45 | 22.30 | 11.42 | 10.58 | 7.58 |
| Total Operating Expenses | 100.15 | 98.37 | 117.36 | 143.21 | 118.92 | 98.62 | 98.40 | 56.14 |
| Operating Income | (98.41) | (96.44) | (115.29) | (140.54) | (101.53) | (98.62) | (98.40) | (56.14) |
| Pretax Income | -- | (92.93) | (110.75) | 50.76 | -- | -- | -- | -- |
| Tax Provision | -- | 0.00 | 0.00 | (8.56) | -- | -- | -- | -- |
| Net Income | (93.05) | (92.93) | (110.75) | 59.32 | (98.96) | (94.76) | (93.12) | (56.51) |
| Basic EPS | (0.74) | (0.76) | (1.06) | 0.78 | (1.82) | (0.23) | (1.73) | (23.10) |
| Diluted EPS | (0.74) | (0.75) | (1.06) | 0.77 | (1.82) | (0.23) | (1.73) | (23.10) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 |
|---|
| Operating Cash Flow | (87.08) | (71.91) | (110.91) | (106.35) | (80.35) | (74.76) | (83.77) | (96.55) |
| Capital Expenditures | 0.16 | 0.00 | 0.00 | 0.62 | 0.04 | 0.37 | 0.78 | 0.59 |
| Free Cash Flow* | (87.25) | (71.91) | (110.91) | (106.97) | (80.39) | (75.13) | (84.54) | (97.13) |
| Investing Cash Flow | (285.69) | 95.01 | 24.04 | 129.40 | 39.43 | 30.95 | (93.19) | (51.55) |
| Financing Cash Flow | 346.99 | 1.32 | 0.00 | 0.75 | 129.15 | 0.01 | 235.15 | 257.21 |
* Derived from reported values
