Financial Statements — APGE
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 |
|---|
| Cash & Equivalents | 0.45 | 0.11 | 0.12 | 0.11 | 0.12 | 0.31 | 0.49 | 0.19 | 0.13 |
| Short-term Investments | 0.61 | 0.42 | 0.38 | 0.41 | 0.41 | 0.37 | 0.33 | 0.23 | -- |
| Total Current Assets | 1.07 | 0.54 | 0.52 | 0.52 | 0.53 | 0.68 | 0.82 | 0.43 | 0.13 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | -- | -- |
| Total Non-current Assets* | 0.22 | 0.09 | 0.14 | 0.19 | 0.24 | 0.12 | 0.00 | 0.00 | 0.00 |
| Total Assets | 1.29 | 0.63 | 0.66 | 0.71 | 0.78 | 0.80 | 0.82 | 0.43 | 0.13 |
| Accounts Payable | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 |
| Total Current Liabilities | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Non-current Liabilities* | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 |
| Retained Earnings | (0.64) | (0.49) | (0.43) | (0.36) | (0.24) | (0.19) | (0.16) | (0.09) | (0.07) |
| Total Stockholder Equity* | 1.26 | 0.59 | 0.62 | 0.67 | 0.73 | 0.77 | 0.80 | 0.41 | 0.11 |
* 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 |
|---|
| Research & Development | 60.82 | 58.44 | 54.18 | 55.70 | 46.39 | 60.23 | 45.71 | 33.21 | 28.72 | 28.95 | 17.07 | 13.95 |
| Selling, General & Admin | 21.95 | 19.61 | 17.10 | 17.46 | 16.71 | 15.65 | 12.97 | 10.92 | 9.47 | 8.20 | 7.24 | 4.94 |
| Total Operating Expenses | 82.77 | 78.06 | 71.28 | 73.17 | 63.10 | 75.88 | 58.69 | 44.12 | 38.18 | 37.16 | 24.31 | 18.89 |
| Operating Income | (82.77) | (78.06) | (71.28) | (73.17) | (63.10) | (75.88) | (58.69) | (44.12) | (38.18) | (37.15) | (24.30) | (18.89) |
| Pretax Income | (74.03) | (69.32) | (64.96) | (66.02) | (55.26) | (67.20) | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.08 | 0.06 | 0.06 | 0.07 | 0.08 | 0.02 | -- | -- | -- | -- | -- | 0.00 |
| Net Income | (74.11) | (69.39) | (65.02) | (66.10) | (55.34) | (67.22) | (49.02) | (33.82) | (32.09) | (31.73) | (20.84) | (18.89) |
| Basic EPS | (1.06) | (1.03) | (1.11) | (1.13) | (0.95) | (1.20) | (0.86) | (0.60) | (0.64) | (0.32) | (0.51) | (3.78) |
| Diluted EPS | (1.06) | (1.03) | (1.11) | (1.13) | (0.95) | (1.20) | (0.86) | (0.60) | (0.64) | (0.32) | (0.51) | (3.78) |
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 |
|---|
| Operating Cash Flow | (55.57) | (62.69) | (54.25) | (62.03) | (48.48) | (67.71) | (42.52) | (29.30) | (31.64) | (29.75) | (19.88) | (25.13) |
| Capital Expenditures | -- | 0.06 | 0.00 | 0.77 | 4.32 | -0.00 | 0.75 | 0.05 | 0.35 | -- | -- | -- |
| Free Cash Flow* | -- | (62.75) | (54.25) | (62.80) | (52.79) | (67.71) | (43.27) | (29.35) | (31.99) | -- | -- | -- |
| Investing Cash Flow | (35.35) | (288.63) | 17.95 | 78.13 | 12.98 | 46.37 | (146.38) | (148.71) | (51.74) | (39.69) | (234.22) | -- |
| Financing Cash Flow | 411.17 | 374.95 | 19.74 | 1.18 | 0.62 | 44.36 | 0.38 | (0.15) | 450.52 | (0.21) | 317.30 | (1.69) |
* Derived from reported values
