Financial Statements — BLTE
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 |
|---|
| Cash & Equivalents | 352.93 | 31.68 | 88.16 | 42.09 |
| Total Current Assets | 494.27 | 147.07 | 89.94 | 42.81 |
| Property, Plant & Equipment | 0.34 | 0.44 | 0.49 | 0.54 |
| Intangible Assets | 0.02 | 0.03 | -- | -- |
| Total Non-current Assets* | 286.28 | 5.06 | 4.70 | 1.47 |
| Total Assets | 780.56 | 152.13 | 94.64 | 44.27 |
| Total Current Liabilities | 9.88 | 6.05 | 3.63 | 2.10 |
| Total Non-current Liabilities* | 0.19 | 0.26 | 0.58 | 0.67 |
| Total Liabilities | 10.07 | 6.31 | 4.21 | 2.77 |
| Retained Earnings | (185.26) | (107.65) | (71.50) | (39.87) |
| Total Stockholder Equity | 770.49 | 145.82 | 90.43 | 41.50 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 |
|---|
| Research & Development | 45.38 | 29.94 | 24.84 | 8.87 |
| Selling, General & Admin | 38.83 | 10.06 | 6.82 | 3.95 |
| Total Operating Expenses | 84.21 | 40.00 | 31.67 | 12.82 |
| Operating Income | (84.21) | (40.00) | (31.67) | (12.82) |
| Interest Expense | -- | -- | 0.03 | 0.02 |
| Pretax Income | (77.61) | (36.14) | (31.62) | (12.65) |
| Tax Provision | 0.00 | 0.01 | 0.01 | 0.00 |
| Net Income | (77.61) | (36.14) | (31.63) | (12.65) |
| Basic EPS | (2.31) | (1.18) | (1.19) | (0.63) |
| Diluted EPS | (2.31) | (1.18) | (1.19) | (0.63) |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 |
|---|
| Operating Cash Flow | (36.99) | (29.23) | (29.84) | (11.46) |
| Capital Expenditures | 0.07 | 0.12 | 0.06 | 0.39 |
| Free Cash Flow* | (37.06) | (29.35) | (29.90) | (11.85) |
| Investing Cash Flow | (305.11) | (110.57) | (0.06) | (0.39) |
| Financing Cash Flow | 663.23 | 83.60 | 75.96 | 36.96 |
* Derived from reported values
