Financial Statements — BMEA
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 | 44.69 | 46.64 | 56.22 | 35.86 | 87.95 | 113.29 | 144.92 | 199.09 | 222.91 | 86.30 | 132.31 | 148.48 | 156.22 | 156.97 | 166.04 | 18.89 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.15 | 1.15 | 1.15 | 8.59 | 32.43 | 32.53 | 26.59 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 |
| Total Current Assets | 46.32 | 49.44 | 64.66 | 44.69 | 93.60 | 116.29 | 147.57 | 202.50 | 225.94 | 88.93 | 138.86 | 154.14 | 167.02 | 191.10 | 200.52 | 47.52 |
| Property, Plant & Equipment | 0.07 | 0.20 | 2.83 | 3.30 | 4.23 | 4.45 | 4.81 | 5.58 | 5.98 | 6.29 | 3.05 | 3.00 | 2.89 | 2.96 | 1.50 | 0.17 |
| Total Non-current Assets* | 0.07 | 5.75 | 8.50 | 10.37 | 16.82 | 19.88 | 20.93 | 22.58 | 22.74 | 23.71 | 6.19 | 7.60 | 7.84 | 8.30 | 9.01 | 12.35 |
| Total Assets | 46.39 | 55.19 | 73.16 | 55.06 | 110.42 | 136.16 | 168.49 | 225.09 | 248.67 | 112.64 | 145.05 | 161.74 | 174.86 | 199.40 | 209.53 | 59.88 |
| Accounts Payable | 4.61 | 6.40 | 8.38 | 7.71 | 8.99 | 5.83 | 4.71 | 3.19 | 4.15 | 5.33 | 1.59 | 2.41 | 2.52 | 1.25 | 1.35 | 0.97 |
| Total Current Liabilities | 9.29 | 15.57 | 17.57 | 19.82 | 27.57 | 25.16 | 25.25 | 16.21 | 14.36 | 18.77 | 12.59 | 9.36 | 7.96 | 5.64 | 4.94 | 3.92 |
| Total Non-current Liabilities* | 18.37 | 24.00 | 28.09 | 6.50 | 6.88 | 7.05 | 7.93 | 9.27 | 10.01 | 10.74 | 1.83 | 1.98 | 2.14 | 2.43 | 2.58 | 0.00 |
| Total Liabilities | 27.67 | 39.57 | 45.65 | 26.32 | 34.45 | 32.22 | 33.18 | 25.48 | 24.37 | 29.51 | 14.42 | 11.35 | 10.10 | 8.07 | 7.52 | 3.92 |
| Retained Earnings | (461.46) | (453.66) | (437.25) | (416.51) | (357.95) | (325.16) | (287.89) | (213.94) | (185.51) | (160.62) | (106.26) | (83.37) | (66.11) | (35.03) | (22.43) | (14.03) |
| Total Stockholder Equity | 18.72 | 15.62 | 27.51 | 28.74 | 75.97 | 103.95 | 135.31 | 199.61 | 224.31 | 83.13 | 130.64 | 150.39 | 164.77 | 191.33 | 202.02 | 0.22 |
* Derived from reported values
Income Statement
(in billions 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 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.17 | 0.00 | 1.07 | -- | 0.00 | 0.00 |
| Research & Development | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Selling, General & Admin | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Total Operating Expenses | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Operating Income | (0.01) | (0.01) | (0.02) | (0.02) | (0.03) | (0.03) | (0.03) | (0.04) | (0.04) | (0.04) | (0.03) | (0.03) | (0.03) | (0.03) | (0.02) | (0.02) | (0.02) | (0.01) | (0.01) | (0.01) |
| Net Income | (0.01) | 0.00 | (0.02) | (0.02) | (0.03) | (0.03) | (0.03) | (0.04) | (0.04) | (0.03) | (0.03) | (0.02) | (0.03) | (0.03) | (0.02) | (0.02) | (0.02) | (0.01) | (0.01) | (0.01) |
| Basic EPS | (0.17) | 0.40 | (0.27) | (0.51) | (0.80) | (0.80) | (0.91) | (1.03) | (1.09) | (0.96) | (0.80) | (0.70) | (0.98) | (0.87) | (0.78) | -- | -- | -- | -- | -- |
| Diluted EPS | (0.17) | 0.40 | (0.27) | (0.51) | (0.80) | (0.80) | (0.91) | (1.03) | (1.09) | (0.96) | (0.80) | (0.70) | (0.98) | (0.87) | (0.78) | -- | -- | -- | -- | -- |
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 | (11.67) | (13.94) | (11.55) | (19.21) | (25.67) | (30.00) | (25.22) | (32.64) | (32.03) | (22.84) | (23.90) | (25.81) | (24.04) | (20.20) | (16.80) | (15.43) | (9.99) | (15.90) | (8.99) | (6.48) |
| Capital Expenditures | -- | -- | 0.00 | 0.00 | 0.00 | 0.08 | 0.19 | 0.06 | 0.04 | 0.01 | 0.04 | 0.42 | 2.91 | 0.71 | (0.05) | 0.27 | 0.10 | 0.29 | 2.04 | 0.77 |
| Free Cash Flow* | -- | -- | (11.55) | (19.21) | (25.67) | (30.09) | (25.40) | (32.70) | (32.06) | (22.84) | (23.94) | (26.23) | (26.95) | (20.91) | (16.74) | (15.70) | (10.09) | (16.19) | (11.03) | (7.25) |
| Investing Cash Flow | 0.55 | -- | 0.00 | 0.00 | 0.00 | (0.08) | (0.19) | (0.06) | (0.04) | (0.01) | (0.04) | (0.42) | (1.76) | (0.70) | 0.23 | 7.38 | 20.44 | 4.55 | (0.07) | 0.68 |
| Financing Cash Flow | -- | 23.11 | 1.97 | 39.57 | 3.25 | 0.41 | 0.07 | 1.07 | 0.12 | 0.62 | 0.14 | 162.84 | 0.20 | 0.49 | 0.40 | 0.32 | 0.03 | 0.25 | 0.00 | 152.94 |
* Derived from reported values
