Financial Statements — BCYC
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 | 0.56 | 0.65 | 0.72 | 0.79 | 0.89 | 0.96 | 0.46 | 0.57 | 0.34 | 0.29 | 0.36 | 0.37 | 0.41 | 0.26 | 0.20 | 0.20 |
| Accounts Receivable | -- | -- | -- | 0.00 | -- | 0.00 | -- | 0.00 | 0.05 | 0.05 | 0.00 | 0.01 | 0.00 | -- | -- | 0.00 |
| Total Current Assets | 0.62 | 0.74 | 0.80 | 0.86 | 0.97 | 1.03 | 0.52 | 0.60 | 0.41 | 0.38 | 0.38 | 0.41 | 0.43 | 0.27 | 0.22 | 0.22 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 |
| Total Assets | 0.65 | 0.76 | 0.83 | 0.88 | 1.00 | 1.06 | 0.55 | 0.64 | 0.45 | 0.43 | 0.42 | 0.45 | 0.46 | 0.28 | 0.23 | 0.22 |
| Accounts Payable | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 0.05 | 0.07 | 0.08 | 0.06 | 0.06 | 0.07 | 0.05 | 0.07 | 0.07 | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 |
| Long-term Debt | -- | -- | -- | -- | -- | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total Non-current Liabilities* | 0.05 | 0.08 | 0.09 | 0.09 | 0.11 | 0.11 | 0.14 | 0.15 | 0.16 | 0.13 | 0.09 | 0.09 | 0.09 | 0.08 | 0.06 | 0.06 |
| Total Liabilities | 0.10 | 0.15 | 0.16 | 0.14 | 0.17 | 0.18 | 0.19 | 0.22 | 0.23 | 0.19 | 0.13 | 0.13 | 0.13 | 0.11 | 0.08 | 0.08 |
| Retained Earnings | (0.96) | (0.88) | (0.82) | (0.74) | (0.63) | (0.58) | (0.54) | (0.46) | (0.41) | (0.37) | (0.30) | (0.27) | (0.25) | (0.20) | (0.19) | (0.17) |
| Total Stockholder Equity | 0.55 | 0.62 | 0.67 | 0.74 | 0.83 | 0.87 | 0.36 | 0.42 | 0.22 | 0.24 | 0.29 | 0.31 | 0.33 | 0.17 | 0.14 | 0.14 |
* 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 | 0.89 | 47.96 | 11.73 | 2.92 | 9.98 | 3.71 | 2.68 | 9.36 | 19.53 | 5.33 | 5.35 | 11.40 | 4.90 | 3.19 | 3.04 | 4.38 | 3.86 | 3.77 | 4.33 | 1.79 |
| Research & Development | 48.90 | 51.77 | 58.43 | 71.03 | 59.06 | 49.78 | 48.27 | 40.06 | 34.86 | 44.70 | 39.87 | 39.72 | 32.21 | 24.72 | 22.75 | 19.85 | 14.28 | 12.95 | 10.51 | 11.72 |
| Selling, General & Admin | 17.47 | 20.89 | 18.86 | 18.49 | 21.12 | 21.59 | 18.26 | 15.95 | 16.38 | 14.87 | 16.28 | 14.79 | 14.49 | 10.68 | 10.05 | 11.82 | 16.96 | 8.84 | 8.11 | 7.34 |
| Total Operating Expenses | 66.37 | 72.66 | 77.29 | 89.52 | 80.18 | 71.37 | 66.52 | 56.01 | 51.25 | 59.57 | 56.15 | 54.51 | 46.70 | 35.40 | 32.80 | 31.68 | 31.24 | 21.79 | 18.63 | 19.06 |
| Operating Income | (65.48) | (24.71) | (65.55) | (86.60) | (70.20) | (67.66) | (63.85) | (46.65) | (31.72) | (54.23) | (50.80) | (43.11) | (41.80) | (32.21) | (29.76) | (27.30) | (27.38) | (18.02) | (14.29) | (17.28) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.82 | 0.82 | 0.81 | 0.82 | 0.81 | 0.83 | 0.82 | 0.88 | 0.82 | 0.82 | 0.82 | 0.82 |
| Pretax Income | (60.65) | (18.89) | (58.89) | (79.18) | (61.84) | (52.94) | (54.25) | (39.70) | (26.91) | (48.78) | (47.63) | (43.12) | (39.68) | (30.40) | (28.58) | (27.27) | (27.98) | (18.78) | (15.09) | (18.07) |
| Tax Provision | 0.17 | 1.26 | 0.21 | (0.23) | (1.09) | (1.08) | (3.45) | 0.12 | (0.35) | 0.32 | 2.27 | (0.52) | (0.62) | (0.42) | (0.24) | (0.45) | (0.42) | (0.75) | (0.41) | (0.16) |
| Net Income | (60.82) | (20.15) | (59.10) | (78.95) | (60.75) | (51.85) | (50.80) | (39.81) | (26.56) | (49.10) | (49.90) | (42.60) | (39.06) | (29.98) | (28.35) | (26.83) | (27.56) | (18.04) | (14.68) | (17.91) |
| Basic EPS | (0.87) | (0.29) | (0.85) | (1.14) | (0.88) | (0.77) | (0.74) | (0.77) | (0.62) | (1.11) | (1.26) | (1.41) | (1.30) | (1.01) | (0.96) | (0.90) | (0.93) | (0.61) | (0.59) | (0.74) |
| Diluted EPS | (0.87) | (0.29) | (0.85) | (1.14) | (0.88) | (0.77) | (0.74) | (0.77) | (0.62) | (1.11) | (1.26) | (1.41) | (1.30) | (1.01) | (0.96) | (0.90) | (0.93) | (0.61) | (0.59) | (0.74) |
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 | (65.92) | (19.35) | (71.17) | (72.79) | (86.37) | (9.40) | (39.83) | (44.63) | (70.87) | (47.29) | (1.02) | 34.10 | (46.41) | (30.31) | (5.87) | (23.53) | (26.40) | (10.43) | 21.72 | (12.37) |
| Capital Expenditures | 0.71 | 0.57 | 0.67 | 0.50 | 0.60 | 0.37 | 0.44 | 0.42 | 0.01 | 0.05 | 0.50 | 0.28 | 2.10 | 1.45 | 2.98 | 9.80 | 4.76 | 1.07 | 0.17 | 0.17 |
| Free Cash Flow* | (66.64) | (19.92) | (71.85) | (73.28) | (86.97) | (9.76) | (40.27) | (45.05) | (70.88) | (47.34) | (1.53) | 33.82 | (48.51) | (31.76) | (8.85) | (33.33) | (31.16) | (11.50) | 21.55 | (12.54) |
| Investing Cash Flow | (0.71) | (0.57) | (0.67) | (0.50) | (0.60) | (0.37) | (0.43) | (0.42) | (0.01) | (0.05) | (0.50) | (0.28) | (2.10) | (1.45) | (2.98) | (9.80) | (4.76) | (1.07) | (0.17) | (0.17) |
| Financing Cash Flow | (0.05) | (0.01) | (0.03) | (0.04) | (0.04) | 0.20 | (31.93) | 549.61 | 1.87 | 0.39 | 234.63 | 12.29 | 2.72 | 5.89 | 0.16 | 0.20 | 0.45 | 190.66 | 40.45 | 15.55 |
* Derived from reported values
Dividends Per Share
(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 | Q3
2022 | Q2
2022 | Q1
2022 |
|---|
| Dividends Per Share | 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 |
