Financial Statements — ARVN
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 | 0.09 | 0.10 | 0.11 | 0.08 | 0.09 | 0.15 | 0.09 | 0.11 | 0.09 | 0.13 | 0.13 | 0.09 | 0.06 | 0.26 | 0.05 | 0.35 |
| Short-term Investments | 0.53 | 0.69 | 0.75 | 0.87 | 1.04 | 1.07 | 1.08 | 0.88 | 0.95 | 0.99 | 1.14 | 1.25 | 1.37 | 1.29 | 0.55 | 0.31 |
| Accounts Receivable | 0.00 | 0.02 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Total Current Assets | 0.63 | 0.83 | 0.89 | 0.98 | 1.15 | 1.26 | 1.19 | 1.03 | 1.06 | 1.15 | 1.30 | 1.38 | 1.46 | 1.58 | 0.63 | 0.66 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets* | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 |
| Total Assets | 0.65 | 0.84 | 0.91 | 1.00 | 1.17 | 1.28 | 1.21 | 1.06 | 1.08 | 1.18 | 1.33 | 1.41 | 1.49 | 1.60 | 0.64 | 0.68 |
| Accounts Payable | 0.06 | 0.06 | 0.05 | 0.07 | 0.08 | 0.08 | 0.08 | 0.09 | 0.07 | 0.07 | 0.05 | 0.04 | 0.01 | 0.00 | 0.00 | 0.01 |
| Total Current Liabilities | 0.12 | 0.14 | 0.16 | 0.21 | 0.28 | 0.35 | 0.24 | 0.32 | 0.31 | 0.28 | 0.24 | 0.24 | 0.24 | 0.18 | 0.04 | 0.04 |
| Long-term Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Liabilities* | 0.14 | 0.14 | 0.14 | 0.13 | 0.31 | 0.33 | 0.36 | 0.28 | 0.31 | 0.38 | 0.47 | 0.50 | 0.53 | 0.60 | 0.02 | 0.03 |
| Total Liabilities | 0.26 | 0.28 | 0.30 | 0.34 | 0.58 | 0.68 | 0.60 | 0.60 | 0.62 | 0.66 | 0.71 | 0.74 | 0.77 | 0.79 | 0.06 | 0.07 |
| Retained Earnings | (1.67) | (1.54) | (1.51) | (1.45) | (1.49) | (1.44) | (1.40) | (1.18) | (1.11) | (1.05) | (0.88) | (0.82) | (0.75) | (0.63) | (0.58) | (0.53) |
| Total Stockholder Equity | 0.39 | 0.56 | 0.61 | 0.66 | 0.59 | 0.60 | 0.61 | 0.46 | 0.46 | 0.51 | 0.62 | 0.67 | 0.72 | 0.82 | 0.58 | 0.62 |
* 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 | 15.60 | 9.50 | 41.90 | 22.40 | 188.80 | 59.20 | 102.40 | 76.50 | 25.30 | (43.10) | 34.60 | 54.50 | 32.50 | 45.60 | 30.30 | 31.30 | 24.20 | 26.40 | 9.20 | 5.60 |
| Research & Development | 60.30 | 61.10 | 64.70 | 68.60 | 90.80 | 83.30 | 86.90 | 93.70 | 84.30 | 95.10 | 85.90 | 103.40 | 95.30 | 98.20 | 77.50 | 75.30 | 64.00 | 61.92 | 40.60 | 43.01 |
| Selling, General & Admin | 19.10 | 23.00 | 21.00 | 25.30 | 26.60 | 34.00 | 75.80 | 31.30 | 24.30 | 27.10 | 22.60 | 25.70 | 24.90 | 15.10 | 20.00 | 24.30 | 20.20 | 18.86 | 16.01 | 14.41 |
| Total Operating Expenses | 79.40 | 84.10 | 85.70 | 93.90 | 117.40 | 117.30 | 162.70 | 125.00 | 108.60 | 122.20 | 108.50 | 129.10 | 120.20 | 113.30 | 97.50 | 99.60 | 84.20 | 80.78 | 56.62 | 57.42 |
| Operating Income | (63.80) | (74.60) | (43.80) | (71.50) | 71.40 | (58.10) | (60.30) | (48.50) | (83.30) | (165.30) | (73.90) | (74.60) | (87.70) | (67.70) | (67.20) | (68.30) | (60.00) | (54.45) | (47.33) | (51.88) |
| Interest Expense | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | 0.07 | 0.01 | 0.01 |
| Pretax Income | (57.50) | -- | (34.80) | (61.50) | 83.10 | (45.40) | (48.60) | (35.00) | (69.30) | (153.20) | (63.90) | (65.60) | (81.20) | (69.20) | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.10 | 0.10 | 0.30 | (0.30) | 0.20 | (0.30) | 0.60 | 0.20 | 0.10 | 1.60 | 0.00 | (0.30) | (0.40) | 10.80 | 2.20 | 3.40 | 4.50 | 0.00 | -- | -- |
| Net Income | (57.60) | (67.40) | (35.10) | (61.20) | 82.90 | (45.10) | (49.20) | (35.20) | (69.40) | (154.80) | (64.00) | (66.60) | (81.90) | (82.90) | (66.20) | (70.00) | (63.40) | (53.00) | (46.75) | (50.29) |
| Basic EPS | (0.90) | (0.96) | (0.48) | (0.84) | 1.14 | (0.63) | (0.68) | (0.49) | (0.97) | (2.65) | (1.18) | (1.25) | (1.54) | (1.55) | (1.24) | (1.32) | (1.20) | (1.01) | -- | -- |
| Diluted EPS | (0.90) | (0.96) | (0.48) | (0.84) | 1.14 | (0.63) | (0.68) | (0.49) | (0.97) | (2.65) | (1.18) | (1.25) | (1.54) | (1.55) | (1.24) | (1.32) | (1.20) | (1.01) | -- | -- |
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 | (69.20) | (30.40) | (59.10) | (95.40) | (88.90) | (84.10) | (128.00) | 50.30 | (97.50) | (83.10) | (84.80) | (88.70) | (91.20) | (71.20) | (66.60) | (78.60) | (57.10) | (35.75) | 681.53 | (47.40) |
| Capital Expenditures | 1.30 | 0.20 | 0.10 | 1.20 | 0.40 | 0.30 | 0.70 | 0.70 | 0.10 | 0.10 | 1.10 | 0.60 | 1.10 | 1.10 | 2.20 | 1.40 | 2.10 | 1.89 | 1.35 | 0.47 |
| Free Cash Flow* | (70.50) | (30.60) | (59.20) | (96.60) | (89.30) | (84.40) | (128.70) | 49.60 | (97.60) | (83.20) | (85.90) | (89.30) | (92.30) | (72.30) | (68.80) | (80.00) | (59.20) | (37.65) | 680.18 | (47.87) |
| Investing Cash Flow | 13.70 | 145.80 | 63.50 | 128.80 | 69.50 | 98.90 | 50.50 | 13.10 | (127.80) | (53.70) | 70.00 | 48.60 | 138.60 | 19.40 | 105.80 | 109.00 | 8.60 | (115.63) | (741.10) | (249.05) |
| Financing Cash Flow | (0.10) | (74.00) | (17.80) | 0.50 | (0.10) | 0.50 | 2.40 | 3.40 | 1.60 | 334.80 | 37.90 | 0.50 | 1.50 | 0.50 | 1.20 | 0.50 | 2.50 | 4.00 | 266.51 | 3.61 |
* Derived from reported values
