Financial Statements — APPN
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 | 150.03 | 125.25 | 112.21 | 134.98 | 99.19 | 120.79 | 170.11 | 130.76 | 171.53 | 198.68 | 51.80 | 76.19 | 106.80 | 127.12 | 131.28 | 114.75 |
| Short-term Investments | 55.96 | 66.31 | 72.55 | 64.72 | -- | -- | 0.00 | 38.73 | 65.43 | 55.80 | 40.89 | 59.75 | 53.44 | 61.38 | 111.32 | 118.01 |
| Accounts Receivable | 173.87 | 172.62 | 151.20 | 136.04 | 140.21 | 131.69 | 129.32 | 133.55 | 134.02 | 147.58 | 143.39 | 120.42 | 121.63 | 110.22 | 82.30 | 87.42 |
| Total Current Assets | 453.95 | 439.41 | 411.68 | 411.90 | 360.47 | 363.99 | 389.88 | 385.37 | 436.36 | 471.59 | 297.98 | 315.39 | 338.66 | 346.57 | 373.14 | 367.42 |
| Property, Plant & Equipment | 30.28 | 33.17 | 34.80 | 36.33 | 39.19 | 40.84 | 42.56 | 42.44 | 44.51 | 45.88 | 38.69 | 38.54 | 38.53 | 34.28 | 34.06 | 34.68 |
| Goodwill | 28.15 | 28.83 | 28.76 | 26.55 | 27.46 | 26.31 | 26.52 | 25.99 | 26.62 | 26.71 | 24.05 | 25.60 | 27.27 | 27.41 | 4.71 | 4.65 |
| Intangible Assets | 0.90 | 1.57 | 1.88 | 2.03 | 2.79 | 3.04 | 3.43 | 4.09 | 4.56 | 4.95 | 5.14 | 5.84 | 6.62 | 8.53 | 1.48 | 1.57 |
| Total Non-current Assets* | 169.41 | 172.32 | 179.07 | 181.00 | 189.44 | 190.60 | 205.48 | 211.67 | 176.00 | 173.22 | 156.59 | 154.24 | 163.85 | 147.80 | 120.78 | 133.17 |
| Total Assets | 623.36 | 611.74 | 590.75 | 592.90 | 549.91 | 554.58 | 595.36 | 597.04 | 612.36 | 644.82 | 454.56 | 469.63 | 502.51 | 494.37 | 493.92 | 500.60 |
| Accounts Payable | 4.14 | 8.61 | 8.88 | 6.57 | 6.93 | 5.74 | 9.88 | 5.96 | 7.10 | 3.87 | 5.08 | 6.78 | 4.48 | 9.90 | 5.02 | 4.19 |
| Total Current Liabilities | 402.66 | 370.13 | 347.36 | 330.38 | 298.47 | 293.69 | 293.93 | 323.25 | 324.95 | 323.77 | 224.39 | 212.33 | 206.43 | 178.42 | 159.66 | 146.96 |
| Long-term Debt | 238.43 | 245.73 | 245.63 | 248.02 | 252.82 | 253.97 | 255.12 | 207.45 | 208.31 | 209.16 | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 279.67 | 290.15 | 297.13 | 294.26 | 301.24 | 306.55 | 311.09 | 205.69 | 206.77 | 204.65 | 57.23 | 52.24 | 53.33 | 59.47 | 57.91 | 58.08 |
| Total Liabilities | 682.33 | 660.28 | 644.49 | 624.64 | 599.71 | 600.24 | 605.02 | 528.94 | 531.72 | 528.42 | 281.62 | 264.57 | 259.76 | 237.89 | 217.57 | 205.04 |
| Retained Earnings | (612.45) | (605.82) | (613.64) | (613.33) | (598.51) | (596.41) | (552.82) | (509.89) | (487.63) | (445.28) | (374.03) | (330.04) | (280.68) | (231.69) | (206.30) | (182.48) |
| Total Stockholder Equity | (58.97) | (48.54) | (53.74) | (31.74) | (49.80) | (45.66) | (9.66) | 68.10 | 80.63 | 116.40 | 172.94 | 205.06 | 242.76 | 256.48 | 276.35 | 295.56 |
* 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 | 202.18 | 202.87 | 187.00 | 170.64 | 166.43 | 166.69 | 154.05 | 146.45 | 149.84 | 145.32 | 137.09 | 127.72 | 135.24 | 125.79 | 117.88 | 110.06 | 114.27 | 104.99 | 92.42 | 83.00 |
| Cost of Revenue | 54.41 | 71.47 | 45.29 | 43.92 | 38.92 | 35.69 | 37.08 | 39.41 | 38.00 | 34.32 | 36.07 | 36.85 | 36.09 | 35.34 | 33.76 | 33.29 | 30.92 | 28.22 | 26.51 | 25.84 |
| Gross Profit | 147.77 | 131.40 | 141.71 | 126.72 | 127.51 | 131.00 | 116.97 | 107.04 | 111.84 | 111.00 | 101.03 | 90.87 | 99.14 | 90.45 | 84.12 | 76.77 | 83.35 | 76.77 | 65.91 | 57.16 |
| Research & Development | 46.32 | 52.06 | 40.26 | 40.35 | 39.52 | 37.19 | 38.57 | 39.45 | 39.77 | 34.60 | 37.14 | 39.74 | 41.62 | 37.91 | 37.62 | 33.84 | 29.84 | 26.46 | 26.51 | 23.86 |
| Selling, General & Admin | 33.67 | 5.77 | 36.42 | 36.90 | 34.27 | 33.51 | 34.69 | 40.19 | 33.45 | 32.19 | 23.44 | 29.21 | 29.69 | 29.78 | 29.36 | 29.51 | 31.46 | 26.98 | 20.23 | 17.36 |
| Total Operating Expenses | 144.61 | 132.09 | 128.60 | 137.70 | 128.34 | 125.97 | 124.13 | 146.23 | 131.37 | 127.83 | 116.24 | 131.53 | 134.41 | 131.07 | 121.89 | 119.52 | 107.22 | 102.71 | 88.81 | 81.74 |
| Operating Income | 3.16 | (0.69) | 13.11 | (10.98) | (0.83) | 5.03 | (7.16) | (39.19) | (19.53) | (16.83) | (15.22) | (40.66) | (35.27) | (40.62) | (37.78) | (42.75) | (23.87) | (25.94) | (22.90) | (24.58) |
| Pretax Income | (0.93) | (3.58) | 9.20 | 1.26 | (0.44) | (13.28) | (0.78) | (43.76) | (33.39) | (8.93) | (22.07) | (41.53) | (35.69) | (32.80) | (43.74) | (48.96) | (24.73) | (25.53) | (25.30) | (23.57) |
| Tax Provision | 0.59 | 1.52 | 1.38 | 1.57 | 0.74 | 0.36 | 1.32 | (0.16) | (0.46) | 1.07 | 0.18 | 0.82 | 1.14 | 1.62 | 0.26 | 0.39 | (1.57) | 0.32 | 0.09 | 0.25 |
| Net Income | (1.52) | (5.10) | 7.83 | (0.31) | (1.18) | (13.65) | (2.10) | (43.59) | (32.92) | (10.01) | (22.25) | (42.35) | (36.83) | (34.42) | (44.00) | (49.35) | (23.15) | (25.84) | (25.38) | (23.82) |
| Basic EPS | (0.02) | (0.07) | 0.11 | 0.00 | (0.02) | (0.18) | (0.03) | (0.60) | (0.45) | (0.13) | (0.30) | (0.58) | (0.51) | (0.47) | (0.61) | (0.68) | (0.32) | (0.36) | (0.36) | (0.34) |
| Diluted EPS | (0.02) | (0.06) | 0.10 | 0.00 | (0.02) | (0.18) | (0.03) | (0.60) | (0.45) | (0.13) | (0.30) | (0.58) | (0.51) | (0.47) | (0.61) | (0.68) | (0.32) | (0.36) | (0.36) | (0.34) |
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 | 48.83 | 1.14 | 18.71 | (1.94) | 44.97 | 13.87 | (8.24) | (17.61) | 18.87 | (8.24) | (65.00) | (11.94) | (25.26) | (12.59) | (43.70) | (29.66) | (20.60) | (19.42) | (25.12) | (6.56) |
| Capital Expenditures | 0.19 | 0.87 | 0.65 | 1.15 | 0.65 | 0.51 | 0.36 | 0.73 | 2.20 | 1.36 | 0.47 | 3.38 | 4.42 | 3.23 | 1.18 | 1.30 | 3.39 | 3.59 | 1.45 | 0.56 |
| Free Cash Flow* | 48.64 | 0.27 | 18.06 | (3.09) | 44.32 | 13.36 | (8.60) | (18.35) | 16.67 | (9.60) | (65.47) | (15.32) | (29.69) | (15.83) | (44.87) | (30.95) | (23.99) | (23.00) | (26.57) | (7.12) |
| Investing Cash Flow | (5.28) | 14.63 | 5.64 | (9.02) | (24.08) | (1.10) | (12.66) | (29.09) | 7.46 | 27.72 | 26.24 | (13.06) | (12.32) | (10.08) | 19.77 | (1.52) | 2.10 | (9.45) | 24.81 | 21.42 |
| Financing Cash Flow | (28.79) | (6.14) | (11.17) | (13.46) | (5.51) | 8.24 | (1.80) | (2.45) | (4.25) | (3.22) | (3.30) | (2.46) | 88.14 | 117.66 | 0.18 | 0.63 | 24.40 | 0.41 | 0.29 | 1.46 |
* Derived from reported values
