Financial Statements — BOLD
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 |
|---|
| Cash & Equivalents | 17.48 | 14.98 | 14.70 | 15.12 | 40.21 | 31.36 | 25.14 |
| Short-term Investments | 75.36 | 102.59 | 112.45 | 123.14 | 126.92 | 147.93 | 79.74 |
| Total Current Assets | 94.62 | 120.16 | 129.69 | 140.36 | 170.45 | 183.13 | 112.16 |
| Property, Plant & Equipment | 2.94 | 3.50 | 3.79 | 4.09 | 3.96 | 3.74 | 2.42 |
| Total Non-current Assets* | 46.35 | 48.57 | 49.76 | 50.88 | 4.64 | 5.07 | 4.92 |
| Total Assets | 140.97 | 168.72 | 179.45 | 191.24 | 175.09 | 188.20 | 117.08 |
| Accounts Payable | 5.71 | 6.77 | 5.86 | 4.95 | 7.04 | 6.07 | 8.18 |
| Total Current Liabilities | 9.58 | 11.85 | 9.21 | 6.34 | 10.01 | 8.96 | 10.64 |
| Total Non-current Liabilities* | 45.00 | 46.71 | 47.55 | 48.31 | 0.00 | 0.00 | 247.62 |
| Total Liabilities* | 54.59 | 58.55 | 56.76 | 54.65 | 10.01 | 8.96 | 258.26 |
| Retained Earnings | (273.22) | (246.78) | (232.90) | (217.23) | (185.02) | (168.51) | (151.54) |
| Total Stockholder Equity | 86.38 | 110.17 | 122.69 | 136.59 | 165.08 | 179.25 | (141.18) |
* 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 | 9.73 | 9.82 | 10.67 | 12.22 | 12.14 | 13.31 | 14.09 | 14.74 | 13.13 |
| Selling, General & Admin | 4.74 | 4.19 | 4.47 | 4.84 | 5.20 | 4.96 | 4.63 | 4.66 | 3.75 |
| Total Operating Expenses | 14.48 | 14.00 | 15.15 | 17.06 | 17.34 | 18.28 | 18.72 | 19.39 | 16.88 |
| Operating Income | (14.47) | (14.00) | (15.15) | (17.06) | (17.34) | (18.28) | (18.71) | (19.39) | (16.88) |
| Net Income | (13.55) | (12.88) | (13.88) | (15.67) | (15.76) | (16.45) | (16.51) | (16.98) | (15.43) |
| Basic EPS | (0.60) | (0.57) | (0.62) | (0.70) | (0.71) | 9.93 | (0.74) | (0.77) | (12.27) |
| Diluted EPS | (0.60) | (0.57) | (0.62) | (0.70) | (0.71) | 9.93 | (0.74) | (0.77) | (12.27) |
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 | (14.97) | (10.11) | (10.19) | (11.83) | (14.53) | (15.56) | (13.27) | (16.24) | (15.78) |
| Capital Expenditures | 0.01 | 0.42 | 0.02 | 0.05 | 0.06 | 0.47 | 0.48 | 1.50 | 0.08 |
| Free Cash Flow* | (14.98) | (10.53) | (10.21) | (11.88) | (14.59) | (16.03) | (13.75) | (17.74) | (15.86) |
| Investing Cash Flow | 14.59 | 12.97 | 10.48 | 11.29 | 3.06 | 1.82 | 22.13 | (68.19) | 18.14 |
| Financing Cash Flow | -- | 0.02 | 0.00 | 0.12 | -- | 0.11 | (0.01) | 90.65 | (0.92) |
* Derived from reported values
