Financial Statements — AVBP
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 |
|---|
| Cash & Equivalents | 62.10 | 112.67 | 112.77 | 49.87 | 282.86 | 298.67 | 317.39 |
| Short-term Investments | 264.28 | 187.59 | 122.92 | 126.21 | -- | -- | -- |
| Total Current Assets | 348.70 | 321.22 | 250.15 | 185.79 | 292.40 | 308.51 | 327.48 |
| Total Non-current Assets* | 0.60 | 5.34 | 19.36 | 29.71 | 0.31 | 0.34 | 0.36 |
| Total Assets | 349.30 | 326.56 | 269.51 | 215.50 | 292.71 | 308.86 | 327.84 |
| Accounts Payable | 8.73 | 5.93 | 4.06 | 4.36 | 4.65 | 3.81 | 4.10 |
| Total Current Liabilities | 25.00 | 21.56 | 19.64 | 12.95 | 15.16 | 12.10 | 9.98 |
| Total Non-current Liabilities* | 0.32 | 0.00 | 0.00 | 0.00 | 0.06 | 0.10 | 0.14 |
| Total Liabilities | 25.32 | 21.56 | 19.64 | 12.95 | 15.22 | 12.20 | 10.12 |
| Retained Earnings | (447.96) | (369.10) | (334.12) | (302.72) | (217.70) | (197.14) | (175.26) |
| Total Stockholder Equity | 323.98 | 305.00 | 249.87 | 202.54 | 277.49 | 296.66 | 317.72 |
* 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 |
|---|
| Research & Development | 37.62 | 32.17 | 32.17 | 27.72 | 61.29 | 20.16 | 20.09 | 21.78 | 16.98 |
| Selling, General & Admin | 8.49 | 6.65 | 6.15 | 5.90 | 5.48 | 3.54 | 4.14 | 3.92 | 3.70 |
| Total Operating Expenses | 46.11 | 38.82 | 38.32 | 33.62 | 66.77 | 23.71 | 24.23 | 25.70 | 20.67 |
| Operating Income | (46.11) | (38.82) | (38.32) | (33.62) | (66.77) | (23.70) | (24.23) | (25.70) | (20.67) |
| Net Income | (43.32) | (35.54) | (34.98) | (31.40) | (64.39) | (20.63) | (20.56) | (21.87) | (17.42) |
| Basic EPS | (0.96) | (0.69) | (0.83) | (0.90) | (1.90) | (0.60) | (0.61) | (0.65) | (0.70) |
| Diluted EPS | (0.96) | (0.69) | (0.83) | (0.90) | (1.90) | (0.60) | (0.61) | (0.65) | (0.70) |
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 |
|---|
| Operating Cash Flow | (41.89) | (30.66) | (35.80) | (26.12) | (68.01) | (16.15) | (16.34) | (19.09) | (18.63) |
| Investing Cash Flow | 3.58 | (71.20) | (50.76) | 13.91 | 36.82 | -- | 0.00 | (25.00) | -- |
| Financing Cash Flow | 54.87 | 34.73 | 86.47 | 75.11 | 6.76 | 0.06 | 0.53 | 0.36 | 185.63 |
