Financial Statements — BDTX
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 | 30.07 | 30.86 | 29.99 | 98.42 | 23.43 | 32.81 | 25.42 | 57.98 | 41.89 | 39.14 | 53.96 | 55.88 | 54.08 | 46.60 | 37.32 | 14.11 |
| Total Current Assets | 122.97 | 138.99 | 146.73 | 155.68 | 115.54 | 126.75 | 118.81 | 147.05 | 92.99 | 107.98 | 150.98 | 168.56 | 188.30 | 241.55 | 270.95 | 297.35 |
| Property, Plant & Equipment | 0.34 | 1.13 | 1.21 | 1.30 | 1.47 | 1.56 | 1.64 | 1.82 | 2.25 | 2.33 | 2.73 | 2.87 | 2.81 | 2.89 | 2.43 | 0.79 |
| Total Non-current Assets* | 9.96 | 18.74 | 19.66 | 20.57 | 22.36 | 23.23 | 23.72 | 25.33 | 26.89 | 27.61 | 29.44 | 30.28 | 31.18 | 32.58 | 16.93 | 15.91 |
| Total Assets | 132.92 | 157.73 | 166.39 | 176.25 | 137.90 | 149.99 | 142.52 | 172.38 | 119.88 | 135.58 | 180.42 | 198.83 | 219.48 | 274.13 | 287.88 | 313.26 |
| Accounts Payable | 2.97 | 0.98 | 0.77 | 2.63 | 1.97 | 0.76 | 1.18 | 0.69 | 2.74 | 3.05 | 5.76 | 2.22 | 1.88 | 4.86 | 5.03 | 4.62 |
| Total Current Liabilities | 14.53 | 15.55 | 16.81 | 16.85 | 20.80 | 18.44 | 16.85 | 15.07 | 13.90 | 12.85 | 21.14 | 19.71 | 19.47 | 26.36 | 23.49 | 18.70 |
| Total Non-current Liabilities* | 14.09 | 16.04 | 16.97 | 17.88 | 19.67 | 20.53 | 21.36 | 23.00 | 23.78 | 24.55 | 26.04 | 26.76 | 27.45 | 28.82 | 13.38 | 13.80 |
| Total Liabilities | 28.62 | 31.58 | 33.78 | 34.73 | 40.47 | 38.97 | 38.22 | 38.07 | 37.68 | 37.39 | 47.19 | 46.46 | 46.92 | 55.18 | 36.86 | 32.51 |
| Retained Earnings | (473.78) | (449.62) | (441.13) | (430.56) | (471.12) | (455.56) | (435.66) | (398.02) | (375.02) | (355.86) | (313.91) | (292.26) | (269.33) | (217.95) | (182.88) | (148.52) |
| Total Stockholder Equity | 104.30 | 126.15 | 132.61 | 141.52 | 97.43 | 111.02 | 104.31 | 134.32 | 82.20 | 98.19 | 133.23 | 152.37 | 172.56 | 218.95 | 251.02 | 280.75 |
* 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 | 0.00 | 70.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 7.00 | 6.30 | 7.44 | 9.32 | 10.51 | 12.30 | 12.91 | 12.56 | 13.55 | 15.29 | 16.15 | 13.15 | 14.75 | 14.61 | 15.85 | 16.20 | 17.79 | 19.66 | 27.63 | 26.72 |
| Selling, General & Admin | 4.26 | 3.97 | 3.54 | 4.10 | 4.96 | 5.98 | 5.22 | 9.57 | 6.70 | 5.57 | 7.86 | 6.88 | 6.81 | 7.24 | 6.28 | 6.98 | 7.89 | 6.42 | 7.74 | 8.00 |
| Total Operating Expenses | 11.26 | 17.61 | 10.98 | 13.42 | 15.47 | 18.27 | 18.13 | 22.13 | 20.25 | 20.86 | 24.01 | 20.03 | 21.56 | 21.85 | 22.12 | 23.17 | 25.68 | 26.08 | 35.36 | 34.72 |
| Operating Income | (11.26) | (17.61) | (10.98) | (13.42) | 54.53 | (18.27) | (18.13) | (22.13) | (20.25) | (20.85) | (24.01) | (20.03) | (21.56) | (21.85) | (22.12) | (23.17) | (25.68) | (26.08) | (35.36) | (34.72) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Pretax Income* | -- | -- | -- | (10.56) | 56.77 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | -- | -- | 0.00 | 0.23 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (9.04) | (15.12) | (8.50) | (10.56) | 56.54 | (15.98) | (15.56) | (19.91) | (18.23) | (19.41) | (23.01) | (19.15) | (20.87) | (21.08) | (21.65) | (22.93) | (25.51) | (25.87) | (35.08) | (34.35) |
| Basic EPS | (0.16) | (0.27) | (0.15) | (0.19) | 1.00 | (0.28) | (0.28) | (0.36) | (0.35) | (0.34) | (0.45) | (0.52) | (0.57) | (0.59) | (0.60) | (0.63) | (0.70) | (0.71) | (0.97) | (0.95) |
| Diluted EPS | (0.16) | (0.25) | (0.15) | (0.19) | 0.98 | (0.28) | (0.28) | (0.36) | (0.35) | (0.34) | (0.45) | (0.52) | (0.57) | (0.59) | (0.60) | (0.63) | (0.70) | (0.71) | (0.97) | (0.95) |
* Derived from reported values
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 | (10.23) | (6.79) | (7.85) | (9.16) | 53.41 | (15.05) | (11.32) | (14.73) | (21.20) | (13.96) | (18.36) | (14.37) | (20.03) | (21.94) | (16.48) | (18.07) | (28.60) | (24.05) | (26.48) | (25.16) |
| Capital Expenditures | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- | -- | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | (0.01) | 0.19 | 0.01 | 0.33 | 1.49 | 0.85 |
| Free Cash Flow* | -- | -- | -- | -- | -- | (15.05) | (11.32) | -- | -- | (13.96) | (18.39) | (14.37) | (20.03) | (21.94) | (16.47) | (18.26) | (28.61) | (24.38) | (27.97) | (26.01) |
| Investing Cash Flow | 19.50 | (2.89) | 8.59 | (59.15) | 8.55 | 27.77 | 2.19 | 0.74 | (13.73) | 12.25 | (37.88) | 17.18 | 24.81 | 2.32 | 14.51 | 19.81 | 16.73 | 43.24 | 35.70 | 48.20 |
| Financing Cash Flow | (0.18) | (0.20) | 0.13 | (0.12) | 0.03 | 0.29 | (0.25) | 21.38 | 4.13 | (0.05) | 71.93 | 0.00 | 0.05 | (0.03) | 0.05 | 0.00 | 0.15 | 0.00 | 0.06 | 0.18 |
* Derived from reported values