Financial Statements — BRNS
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 | 65.86 | 74.27 | 86.26 | 99.12 | 106.10 | 117.77 | 129.97 | 160.31 | 173.03 | 191.33 | 200.10 | 192.33 | 200.60 | 233.87 | 243.62 | 155.94 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.17 | 0.03 | -- | 18.01 | 0.04 | 0.04 | 0.31 |
| Total Current Assets | 72.66 | 86.78 | 100.41 | 109.88 | 134.65 | 131.88 | 143.13 | 171.07 | 184.78 | 200.67 | 218.62 | 226.29 | 230.78 | 245.98 | 256.73 | 163.37 |
| Property, Plant & Equipment | 3.27 | 4.52 | 4.51 | 6.20 | 10.72 | 10.96 | 11.53 | 12.27 | 13.74 | 12.71 | 6.77 | 7.04 | 4.58 | 1.03 | 1.04 | 1.00 |
| Goodwill | -- | -- | -- | -- | 12.21 | 12.21 | 12.21 | 12.21 | 12.21 | 12.21 | 12.63 | 12.63 | 12.63 | -- | -- | -- |
| Intangible Assets | 13.67 | 14.91 | 20.37 | 21.16 | 22.74 | 23.53 | 24.32 | 25.90 | 26.69 | 27.48 | 29.06 | 29.85 | 30.64 | -- | -- | -- |
| Total Non-current Assets* | 18.57 | 21.63 | 28.62 | 31.21 | 54.04 | 54.87 | 56.35 | 58.91 | 61.35 | 61.15 | 56.86 | 58.77 | 55.34 | 10.59 | 3.11 | 3.13 |
| Total Assets | 92.14 | 109.20 | 129.56 | 142.00 | 188.69 | 186.75 | 199.48 | 229.97 | 246.13 | 261.82 | 275.48 | 285.06 | 286.12 | 256.57 | 259.84 | 166.49 |
| Accounts Payable | 0.99 | 0.70 | 1.80 | 1.36 | 3.08 | 2.56 | 1.16 | 5.15 | 2.43 | 4.33 | 2.41 | 4.47 | 4.66 | 1.34 | 4.68 | 4.83 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.16 | -- | -- | -- |
| Total Current Liabilities | 12.00 | 10.80 | 12.73 | 11.98 | 15.07 | 15.59 | 12.84 | 18.57 | 12.11 | 11.99 | 14.03 | 12.17 | 16.48 | 6.37 | 8.54 | 8.65 |
| Total Non-current Liabilities* | 13.66 | 13.84 | 14.36 | 14.43 | 14.16 | 14.37 | 14.63 | 15.80 | 16.56 | 16.26 | 17.30 | 18.12 | 16.50 | 7.73 | 1.38 | 1.44 |
| Total Liabilities | 25.67 | 24.64 | 27.08 | 26.40 | 29.23 | 29.96 | 27.47 | 34.37 | 28.67 | 28.25 | 31.33 | 30.29 | 32.99 | 14.10 | 9.93 | 10.09 |
| Retained Earnings | (309.63) | (293.00) | (278.44) | (257.31) | (217.12) | (209.01) | (192.08) | (159.30) | (145.22) | (121.42) | (82.05) | (90.30) | (105.99) | (93.47) | (88.91) | (72.99) |
| Total Stockholder Equity* | 66.40 | 84.47 | 102.38 | 115.49 | 159.29 | 156.62 | 171.83 | 195.40 | 217.21 | 233.30 | 243.84 | 254.40 | 253.14 | 242.47 | 249.91 | 156.41 |
* 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 | 14.97 | 0.00 | 0.00 | 0.00 | 0.80 | 0.33 | 0.47 | 6.46 | 6.17 | 17.06 | 15.02 | -0.00 | 0.02 | 0.04 |
| Research & Development | 3.59 | 3.93 | 5.39 | 7.95 | 8.29 | 8.31 | 11.14 | 11.66 | 11.13 | 6.37 | 15.14 | 13.54 | 9.81 | 12.19 | 9.74 | 9.72 | 10.70 | 6.88 | 4.37 | 4.51 |
| Selling, General & Admin | 2.53 | 7.64 | 5.17 | 15.38 | 12.64 | 3.06 | 13.42 | 7.20 | 5.99 | 13.62 | -- | -- | 12.14 | -- | -- | -- | 3.66 | 9.79 | 1.18 | 12.37 |
| Total Operating Expenses | 6.12 | 11.57 | 15.22 | 23.34 | 20.93 | 23.57 | 24.56 | 18.86 | 17.12 | 19.99 | 16.11 | 26.67 | 21.95 | 32.49 | (1.39) | 3.28 | 14.36 | 16.67 | 5.56 | 16.88 |
| Operating Income | (6.07) | (11.56) | (15.07) | (23.32) | (20.60) | (23.39) | (9.38) | (18.29) | (16.91) | (19.99) | (16.10) | (26.34) | (21.48) | (26.04) | 7.55 | 13.79 | 0.65 | (16.67) | (5.54) | (16.84) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- | -- | -- | 0.07 | 0.02 | 0.97 | 0.00 |
| Pretax Income | (5.55) | (11.16) | (14.64) | (21.15) | (19.68) | (20.59) | (8.13) | (16.95) | (15.56) | (18.11) | (14.71) | (24.96) | (18.74) | (23.18) | -- | -- | -- | -- | -- | -- |
| Tax Provision | (0.02) | (0.06) | (0.07) | (0.02) | (0.02) | 0.00 | -0.00 | (0.01) | (0.04) | (0.82) | (0.60) | (1.14) | (0.52) | (2.02) | (0.67) | (0.91) | (0.86) | 0.03 | (0.01) | 0.01 |
| Net Income | (5.53) | (11.09) | (14.57) | (21.12) | (19.65) | (20.54) | (8.11) | (16.93) | (15.49) | (17.29) | (14.07) | (23.80) | (18.18) | (21.19) | 8.24 | 15.69 | 2.60 | (15.11) | (4.56) | (15.93) |
| Basic EPS | (0.14) | (0.27) | (0.36) | (0.52) | (0.49) | (0.51) | (0.21) | (0.43) | (0.40) | (0.44) | (0.37) | (0.62) | (0.48) | (0.57) | 0.22 | 0.42 | 0.07 | (0.38) | (0.13) | -- |
| Diluted EPS | (0.14) | (0.27) | (0.36) | (0.52) | (0.49) | (0.51) | (0.21) | (0.43) | (0.40) | (0.44) | (0.37) | (0.62) | (0.48) | (0.56) | 0.22 | 0.41 | 0.07 | (0.38) | (0.13) | -- |
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 | (3.37) | (4.24) | (10.73) | (18.11) | (14.90) | 13.09 | (18.20) | (12.01) | (11.82) | (19.60) | (11.19) | (16.96) | (3.17) | (11.34) | 11.88 | (8.39) | (6.58) | (7.97) | (2.02) | (14.62) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.03 | 0.01 | 0.28 | 0.11 | 0.19 | 0.31 | (0.15) | 0.04 | 3.02 | 2.51 | 0.59 | 2.41 | 2.05 | 1.09 | 0.42 | 0.13 | 0.20 |
| Free Cash Flow* | (3.37) | (4.24) | (10.73) | (18.14) | (14.91) | 12.81 | (18.31) | (12.20) | (12.13) | (19.45) | (11.23) | (19.98) | (5.68) | (11.93) | 9.48 | (10.45) | (7.67) | (8.40) | (2.15) | (14.83) |
| Investing Cash Flow | 0.06 | 0.00 | 0.45 | (0.03) | -0.00 | (0.28) | (0.11) | (0.19) | (0.31) | 0.15 | (0.04) | (3.02) | (2.51) | (0.59) | (2.02) | (2.05) | (1.09) | (12.19) | (0.03) | (0.05) |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.84 | 0.47 | 0.36 | 0.50 | 0.11 | 0.05 | 0.03 | 1.69 | 0.48 | 0.00 | 0.00 | (0.16) | 0.01 | (1.39) | 102.31 |
* Derived from reported values
