Financial Statements — APVO
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 | 14.53 | 21.06 | 9.41 | 2.14 | 7.75 | 8.07 | 10.25 | 19.11 | 21.01 | 25.33 | 22.15 | 29.43 | 34.99 | 52.12 | 60.39 | 57.52 |
| Total Current Assets | 15.98 | 22.65 | 11.08 | 3.61 | 10.01 | 9.58 | 12.07 | 21.13 | 22.68 | 28.49 | 24.62 | 31.40 | 41.67 | 58.87 | 65.77 | 62.85 |
| Property, Plant & Equipment | 0.27 | 0.38 | 0.43 | 0.48 | 0.61 | 0.70 | 0.79 | 1.01 | 1.13 | 1.28 | 1.67 | 1.89 | 2.14 | 2.52 | 2.80 | 2.71 |
| Total Non-current Assets* | 3.92 | 4.35 | 4.54 | 4.74 | 5.13 | 5.34 | 5.56 | 6.00 | 6.23 | 6.48 | 7.08 | 7.40 | 3.51 | 5.13 | 5.71 | 5.90 |
| Total Assets | 19.90 | 27.00 | 15.62 | 8.34 | 15.15 | 14.92 | 17.63 | 27.13 | 28.91 | 34.97 | 31.70 | 38.80 | 45.18 | 64.01 | 71.47 | 68.75 |
| Accounts Payable | 0.89 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 4.76 | 5.61 | 4.89 | 5.39 | 5.88 | 5.42 | 6.30 | 6.84 | 6.91 | 5.80 | 7.79 | 7.00 | 23.86 | 32.38 | 30.86 | 29.34 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 1.91 | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 3.53 | 3.99 | 4.21 | 4.42 | 4.84 | 5.04 | 5.23 | 5.58 | 5.75 | 5.92 | 8.15 | 8.75 | 27.21 | 24.33 | 26.73 | 28.91 |
| Total Liabilities | 8.29 | 9.60 | 9.10 | 9.82 | 10.73 | 10.46 | 11.53 | 12.41 | 12.66 | 11.71 | 15.93 | 15.75 | 51.07 | 56.71 | 57.59 | 58.25 |
| Retained Earnings | (281.91) | (269.22) | (260.19) | (253.98) | (241.26) | (236.16) | (230.28) | (217.54) | (211.21) | (203.26) | (201.39) | (193.75) | (221.76) | (207.79) | (200.79) | (192.86) |
| Total Stockholder Equity | 11.61 | 17.39 | 6.52 | (1.47) | 4.42 | 4.46 | 6.10 | 14.72 | 16.25 | 23.26 | 15.76 | 23.05 | (5.88) | 7.29 | 13.88 | 10.50 |
* 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 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 3.11 | 3.67 | 3.10 | 3.11 |
| Research & Development | 3.92 | 3.54 | 4.04 | 3.33 | 3.63 | 3.88 | 3.10 | 3.64 | 3.75 | 3.59 | 3.89 | 5.46 | 4.17 | 4.67 | 4.48 | 3.87 | 4.87 | 4.54 | 4.37 | 4.72 |
| Selling, General & Admin | 2.91 | 2.46 | 3.57 | 2.90 | 2.85 | 2.50 | 2.11 | 2.38 | 3.23 | 2.79 | 2.67 | 2.72 | 3.59 | 3.01 | 3.31 | 3.70 | 3.86 | 3.16 | 3.48 | 4.11 |
| Operating Income | (6.84) | (6.00) | (7.61) | (6.23) | (6.48) | (6.38) | (5.21) | (6.02) | (6.98) | (6.38) | (6.56) | (8.18) | (7.76) | (7.68) | (7.78) | (7.56) | (5.61) | (4.04) | (4.75) | (5.72) |
| Net Income | (6.70) | (5.81) | (7.55) | (6.20) | (6.41) | (6.31) | (5.10) | (5.88) | (6.83) | (5.90) | (6.33) | (7.95) | 2.77 | (4.64) | (7.64) | 28.01 | (7.70) | (6.27) | (7.00) | (7.93) |
| Basic EPS | (6.41) | (72.25) | (2.23) | (8.40) | (4.39) | (75.28) | (0.48) | (1.67) | (9.95) | (0.08) | (0.50) | (1.23) | 0.39 | (0.95) | (1.50) | 5.58 | -- | -- | -- | -- |
| Diluted EPS | (6.41) | (72.25) | (2.23) | (8.40) | (4.39) | (75.28) | (0.48) | (1.67) | (9.95) | (0.08) | (0.50) | (1.23) | 0.39 | (0.95) | (1.50) | 5.58 | -- | -- | -- | -- |
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 | (7.96) | (5.24) | (6.69) | (7.09) | (6.57) | (5.76) | (5.22) | (6.15) | (6.65) | (5.25) | (6.24) | (4.80) | 4.57 | (5.94) | (6.90) | (3.07) | (5.12) | (3.88) | (5.24) | (5.05) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.03 | -- | 0.12 | 0.01 | 0.39 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (5.94) | (6.90) | (3.09) | -- | (4.00) | (5.25) | (5.44) |
| Investing Cash Flow | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -0.00 | (0.02) | -- | (0.12) | (0.01) | (0.39) |
| Financing Cash Flow | 0.87 | 5.79 | 18.34 | 14.36 | 0.00 | 6.72 | 4.91 | 3.97 | -0.00 | 3.05 | 4.34 | 0.48 | (1.87) | 6.00 | (0.50) | (3.18) | (4.94) | (3.08) | (3.02) | 8.32 |
* Derived from reported values
