Financial Statements — ASPI
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 |
|---|
| Cash & Equivalents | 207.35 | 113.90 | 67.70 | 56.00 | 51.57 | 28.26 | 23.89 | 2.29 | 3.63 | 5.08 | 0.43 |
| Short-term Investments | 83.17 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | -- | -- | -- | -- | 0.56 | 0.52 | 0.35 | -- | -- | -- | -- |
| Inventory | 1.37 | 1.37 | 1.05 | 0.34 | 0.08 | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 308.74 | 174.04 | 101.59 | 59.03 | 56.09 | 32.07 | 26.18 | 2.73 | 4.03 | 5.77 | 1.58 |
| Property, Plant & Equipment | 91.80 | 30.93 | 27.60 | 25.38 | 22.98 | 17.77 | 14.36 | 8.35 | 7.74 | 8.01 | 6.89 |
| Goodwill | 6.39 | 6.85 | 3.36 | 3.26 | 3.46 | 3.29 | 3.17 | -- | -- | -- | -- |
| Intangible Assets | 0.68 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 278.93 | 51.85 | 34.33 | 31.85 | 28.04 | 22.69 | 19.21 | 9.14 | 8.72 | 8.84 | 7.90 |
| Total Assets | 587.67 | 225.89 | 135.91 | 90.87 | 84.13 | 54.76 | 45.39 | 11.87 | 12.75 | 14.61 | 9.48 |
| Accounts Payable | 6.87 | 3.42 | 2.60 | 2.05 | 1.80 | 2.43 | 2.22 | 0.40 | 0.67 | 1.29 | 1.16 |
| Total Current Liabilities | 70.37 | 28.32 | 6.90 | 8.18 | 7.43 | 8.01 | 7.33 | 2.60 | 1.95 | 2.00 | 2.45 |
| Long-term Debt | 58.33 | 13.94 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 218.29 | 100.96 | 100.70 | 36.96 | 34.69 | 32.39 | 25.03 | 0.63 | 0.65 | 0.70 | 0.71 |
| Total Liabilities | 288.65 | 129.29 | 107.60 | 45.15 | 42.11 | 40.40 | 32.36 | 3.23 | 2.60 | 2.69 | 3.16 |
| Retained Earnings | (238.52) | (152.56) | (139.68) | (64.62) | (46.99) | (39.72) | (30.79) | (19.68) | (15.45) | (11.17) | (6.25) |
| Total Stockholder Equity | 289.00 | 74.07 | 25.23 | 42.51 | 38.70 | 11.01 | 10.52 | 8.64 | 10.15 | 11.91 | 6.32 |
* 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 |
|---|
| Total Revenue | 4.18 | 16.66 | 4.89 | 1.20 | 1.10 | 1.19 | 1.09 | 1.02 | 0.84 | 0.43 | -- | -- | -- | -- | -- |
| Cost of Revenue | 2.51 | 14.58 | 4.47 | 0.63 | 0.77 | 0.59 | 0.79 | 0.60 | 0.56 | 0.29 | -- | -- | -- | -- | -- |
| Gross Profit | 1.67 | 2.08 | 0.42 | 0.57 | 0.33 | 0.61 | 0.29 | 0.42 | 0.28 | 0.14 | -- | -- | -- | -- | -- |
| Research & Development | 5.26 | 6.85 | 3.10 | 0.88 | 1.53 | 1.42 | 1.03 | 0.47 | 0.22 | 0.07 | 0.24 | 0.25 | 0.21 | 0.08 | 0.75 |
| Selling, General & Admin | 21.29 | 17.54 | 12.29 | 11.66 | 6.75 | 6.84 | 4.69 | 7.41 | 5.88 | 4.10 | 3.71 | 4.09 | 3.52 | 1.38 | 1.21 |
| Total Operating Expenses | 26.55 | 27.10 | 15.39 | 12.54 | 8.28 | 8.25 | 5.73 | 7.88 | 6.09 | 4.16 | 3.95 | 4.35 | 3.72 | 1.46 | 1.95 |
| Operating Income | (24.89) | (25.02) | (14.97) | (11.97) | (7.95) | (7.65) | (5.43) | (7.46) | (5.81) | (4.02) | (3.95) | (4.35) | (3.72) | (1.46) | (1.95) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 0.07 | 0.01 | -- | -- | -- | -- | -- | -- |
| Pretax Income | (26.74) | (63.15) | (12.82) | (75.06) | (8.53) | (9.07) | (7.36) | (8.87) | (7.01) | (4.18) | -- | -- | -- | -- | -- |
| Tax Provision | (0.03) | 0.18 | 0.07 | 0.10 | (0.07) | 0.06 | (0.01) | 0.01 | 0.05 | (0.01) | -- | -- | -- | -- | -- |
| Net Income | (7.12) | (63.33) | (12.89) | (75.16) | (8.46) | (9.22) | (7.36) | (8.88) | (6.96) | (4.17) | (4.22) | (4.29) | (3.62) | (1.30) | (1.96) |
| Basic EPS | (0.06) | (0.81) | (0.15) | (1.03) | (0.12) | (0.11) | (0.12) | (0.24) | (0.16) | (0.09) | (0.14) | (0.14) | (0.12) | (0.05) | (0.06) |
| Diluted EPS | (0.06) | (0.81) | (0.15) | (1.03) | (0.12) | (0.13) | (0.12) | -- | -- | -- | -- | -- | -- | -- | (0.06) |
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 |
|---|
| Operating Cash Flow | (17.76) | (17.85) | (8.86) | (7.90) | (3.17) | (3.76) | (4.84) | (5.12) | (2.97) | (2.06) | (0.65) | (1.26) | (1.44) | (0.86) | (2.08) |
| Capital Expenditures | 6.14 | 2.40 | 3.15 | 1.80 | 2.31 | 1.32 | 4.48 | 2.62 | 1.25 | 1.14 | 0.68 | 0.15 | 0.36 | 0.90 | 3.57 |
| Free Cash Flow* | (23.90) | (20.25) | (12.01) | (9.70) | (5.48) | (5.08) | (9.32) | (7.75) | (4.22) | (3.20) | (1.33) | (1.40) | (1.81) | (1.76) | (5.65) |
| Investing Cash Flow | (97.18) | (75.18) | (1.50) | (31.75) | (2.36) | (3.02) | (4.48) | (2.62) | (1.25) | (1.26) | (0.68) | (0.15) | (0.36) | (0.90) | (3.57) |
| Financing Cash Flow | 43.17 | 264.12 | 56.70 | 51.01 | (0.23) | 17.69 | 32.43 | 12.15 | 20.26 | 8.89 | 0.00 | 0.62 | 4.49 | 3.79 | 2.85 |
* Derived from reported values
