Financial Statements — BRTX
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 | 3.11 | 0.60 | 1.56 | 1.23 | 1.49 | 2.25 | 1.16 | 2.44 | 1.78 | 1.84 | 6.57 | -- | -- | -- | -- | -- |
| Short-term Investments | 0.48 | 3.89 | 5.83 | 7.88 | 11.60 | 12.43 | 15.26 | 9.80 | 9.83 | 10.54 | 9.91 | -- | -- | -- | -- | -- |
| Accounts Receivable | 0.01 | 0.01 | 0.02 | 0.03 | 0.17 | 0.03 | 0.04 | 0.04 | 0.03 | 0.02 | 0.05 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 |
| Total Current Assets | 3.80 | 4.71 | 7.60 | 9.36 | 13.51 | 15.00 | 16.77 | 12.60 | 12.04 | 12.78 | 16.89 | 18.32 | 19.88 | 1.17 | 1.83 | 2.59 |
| Property, Plant & Equipment | 0.33 | 0.31 | 0.34 | 0.37 | 0.38 | 0.35 | 0.37 | 0.31 | 0.31 | 0.30 | 0.23 | 0.27 | 0.14 | 0.01 | 0.01 | 0.02 |
| Intangible Assets | 0.51 | 0.56 | 0.58 | 0.60 | 0.65 | 0.67 | 0.69 | 0.74 | 0.76 | 0.78 | 0.53 | 0.55 | 0.57 | 0.61 | 0.63 | 0.65 |
| Total Non-current Assets* | 0.84 | 0.94 | 0.92 | 0.97 | 1.06 | 1.12 | 1.18 | 1.20 | 1.26 | 1.30 | 1.03 | 1.12 | 1.04 | 1.01 | 1.06 | 1.11 |
| Total Assets | 4.64 | 5.64 | 8.52 | 10.33 | 14.57 | 16.12 | 17.95 | 13.80 | 13.30 | 14.08 | 17.92 | 19.44 | 20.92 | 2.18 | 2.88 | 3.70 |
| Accounts Payable | 0.67 | 0.86 | 0.61 | 0.60 | 0.40 | 0.22 | 0.23 | 0.23 | 0.28 | 0.09 | 0.47 | 0.38 | 0.21 | 0.12 | 0.10 | 0.25 |
| Total Current Liabilities | 1.61 | 3.44 | 3.67 | 4.18 | 4.58 | 5.32 | 3.45 | 0.93 | 0.81 | 0.47 | 0.72 | 0.62 | 0.49 | 0.87 | 1.33 | 1.29 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 10.29 | 9.58 | 9.68 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.08 | 0.12 | 0.20 | 0.23 | 0.27 | 6.18 | 5.37 | 5.10 |
| Total Liabilities* | 1.61 | 3.44 | 3.67 | 4.18 | 4.58 | 5.32 | 3.45 | 0.98 | 0.90 | 0.59 | 0.92 | 0.86 | 0.76 | 7.05 | 6.69 | 6.40 |
| Retained Earnings | (172.08) | (166.71) | (163.67) | (161.02) | (154.04) | (152.95) | (148.92) | (164.23) | (161.31) | (158.33) | (148.29) | (143.64) | (138.96) | (113.74) | (109.56) | (105.50) |
| Total Stockholder Equity | 3.03 | 2.21 | 4.85 | 6.14 | 9.99 | 10.80 | 14.50 | 12.83 | 12.40 | 13.49 | 17.00 | 18.59 | 20.16 | (4.88) | (3.81) | (2.69) |
* 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 | 0.02 | 0.02 | 0.01 | 0.30 | 0.03 | 0.04 | 0.23 | 0.09 | 0.04 | 0.02 | 0.03 | 0.06 | 0.03 | 0.00 | 0.03 | 0.07 | 0.02 | 0.01 | 0.01 | 0.02 |
| Cost of Revenue | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.02 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 0.02 | 0.02 | 0.00 | 0.29 | 0.02 | 0.04 | 0.22 | 0.08 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 1.93 | 3.56 | 2.59 | 2.23 | 1.71 | 1.68 | 1.32 | 1.29 | 1.06 | 0.68 | 0.87 | 0.97 | 1.51 | 0.67 | 0.99 | 1.08 | 0.78 | 0.17 | 0.24 | 0.16 |
| Selling, General & Admin | 1.48 | 0.28 | 1.12 | 1.37 | 3.12 | 1.05 | 1.18 | 1.26 | 3.09 | 2.56 | 2.26 | 2.21 | 4.30 | 4.13 | 3.65 | 3.59 | 4.21 | 3.78 | 3.46 | 3.40 |
| Total Operating Expenses | 3.40 | 3.84 | 3.71 | 3.60 | 4.83 | 2.73 | 2.50 | 2.55 | 4.14 | 3.24 | 3.14 | 3.18 | 5.81 | 4.69 | 4.64 | 4.70 | 5.07 | 4.01 | 3.70 | 3.57 |
| Operating Income | (3.39) | (3.83) | (3.71) | (3.31) | (4.81) | (2.69) | (2.29) | (2.47) | (4.11) | (3.22) | (3.10) | (3.12) | (5.78) | (4.68) | (4.61) | (4.63) | (5.05) | (4.01) | (3.69) | (3.56) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.03 | -- | -- | -- | -- | -- |
| Net Income | (2.15) | (3.21) | (3.04) | (2.66) | (5.34) | (1.64) | (1.09) | (4.03) | (2.22) | 1.17 | (2.93) | (2.98) | (5.68) | (4.35) | (4.66) | (4.68) | (4.82) | (20.40) | (4.18) | (4.06) |
| Basic EPS | (0.12) | (0.31) | (0.33) | (0.30) | (0.64) | (0.20) | (0.13) | (0.50) | (0.33) | (0.48) | (0.64) | (0.77) | (1.53) | (1.18) | (1.28) | (1.28) | (1.37) | -- | -- | -- |
| Diluted EPS | (0.12) | (0.31) | (0.33) | (0.30) | (0.64) | (0.20) | (0.13) | (0.50) | (0.33) | (0.57) | (0.64) | (0.77) | -- | -- | -- | -- | -- | -- | -- | -- |
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 | (3.81) | (2.42) | (2.90) | (2.69) | (2.78) | (2.35) | (1.70) | (1.87) | (2.32) | (1.77) | (1.18) | (1.13) | (2.35) | (1.57) | (1.45) | (1.25) | (1.59) | (1.15) | (0.63) | (0.74) |
| Capital Expenditures | -- | 0.08 | 0.00 | 0.00 | 0.04 | 0.01 | 0.06 | 0.04 | -- | 0.07 | 0.01 | 0.03 | 0.06 | -- | (0.02) | 0.14 | 0.11 | -- | -- | -- |
| Free Cash Flow* | -- | (2.49) | (2.90) | (2.69) | (2.82) | (2.36) | (1.76) | (1.90) | -- | (1.84) | (1.19) | (1.16) | (2.41) | -- | (1.43) | (1.39) | (1.70) | -- | -- | -- |
| Investing Cash Flow | 0.97 | 2.40 | 2.00 | 2.13 | 2.37 | 1.53 | 0.94 | 2.97 | (4.93) | 0.10 | (0.02) | 0.67 | 2.51 | (3.32) | (9.91) | (0.14) | (0.11) | -- | -- | -- |
| Financing Cash Flow | 4.44 | 0.92 | (0.05) | 0.89 | 1.09 | (0.13) | 0.00 | (0.01) | 7.52 | 0.08 | 1.85 | 0.41 | -- | -- | -- | -- | -- | 21.07 | 0.00 | 0.00 |
* Derived from reported values
