Financial Statements — BRZE
Balance Sheet
(in billions USD)| Metric | Q1
2027 | Q3
2026 | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 |
|---|
| Cash & Equivalents | 0.15 | 0.10 | 0.08 | 0.23 | 0.06 | 0.08 | 0.07 | 0.06 | 0.08 | 0.12 | 0.05 | 0.08 | 0.09 | 0.04 |
| Accounts Receivable | 0.12 | 0.09 | 0.09 | 0.09 | 0.09 | 0.07 | 0.08 | 0.07 | 0.07 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 |
| Total Current Assets | 0.55 | 0.50 | 0.48 | 0.66 | 0.61 | 0.61 | 0.60 | 0.57 | 0.57 | 0.60 | 0.56 | 0.58 | 0.60 | 0.13 |
| Property, Plant & Equipment | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| Goodwill | 0.26 | 0.27 | 0.27 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | -- | -- | -- | -- | -- |
| Intangible Assets | 0.06 | 0.06 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 0.54 | 0.54 | 0.54 | 0.23 | 0.23 | 0.22 | 0.22 | 0.20 | 0.16 | 0.12 | 0.12 | 0.12 | 0.12 | 0.05 |
| Total Assets | 1.09 | 1.04 | 1.02 | 0.89 | 0.84 | 0.83 | 0.82 | 0.77 | 0.73 | 0.72 | 0.68 | 0.70 | 0.72 | 0.18 |
| Accounts Payable | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 0.44 | 0.37 | 0.35 | 0.34 | 0.31 | 0.30 | 0.31 | 0.25 | 0.25 | 0.25 | 0.18 | 0.18 | 0.18 | 0.12 |
| Total Non-current Liabilities* | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.07 | 0.07 | 0.08 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.00 |
| Total Liabilities | 0.51 | 0.44 | 0.42 | 0.41 | 0.38 | 0.37 | 0.38 | 0.33 | 0.29 | 0.29 | 0.22 | 0.23 | 0.23 | 0.12 |
| Retained Earnings | (0.74) | (0.69) | (0.65) | (0.62) | (0.57) | (0.54) | (0.52) | (0.45) | (0.42) | (0.39) | (0.32) | (0.29) | (0.25) | (0.17) |
| Total Stockholder Equity | 0.58 | 0.60 | 0.60 | 0.47 | 0.46 | 0.45 | 0.44 | 0.44 | 0.44 | 0.44 | 0.45 | 0.47 | 0.48 | (0.12) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2027 | Q4
2026 | Q3
2026 | Q2
2026 | 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 |
|---|
| Total Revenue | 211.00 | 205.17 | 190.84 | 180.11 | 162.06 | 160.40 | 152.05 | 145.50 | 135.46 | 130.96 | 123.96 | 115.11 | 101.78 | 98.68 | 93.13 | 86.13 | 77.50 | 70.43 | 63.97 |
| Cost of Revenue | 72.34 | 70.82 | 62.63 | 58.22 | 50.86 | 49.31 | 45.91 | 43.42 | 44.55 | 42.99 | 36.37 | 35.47 | 32.69 | 33.42 | 29.14 | 27.35 | 25.91 | 24.78 | 19.17 |
| Gross Profit | 138.66 | 134.35 | 128.21 | 121.89 | 111.20 | 111.09 | 106.14 | 102.08 | 90.91 | 87.97 | 87.58 | 79.63 | 69.09 | 65.25 | 63.99 | 58.78 | 51.59 | 45.66 | 44.79 |
| Research & Development | 46.10 | 45.03 | 44.07 | 41.25 | 36.80 | 33.60 | 32.85 | 33.14 | 34.37 | 31.11 | 29.87 | 29.13 | 29.75 | 26.75 | 25.58 | 23.34 | 21.62 | 22.90 | 12.74 |
| Selling, General & Admin | 30.89 | 35.87 | 33.09 | 36.79 | 40.50 | 29.78 | 31.20 | 28.32 | 26.79 | 26.09 | 26.45 | 25.45 | 23.98 | 22.22 | 22.43 | 20.54 | 23.57 | 19.62 | 12.94 |
| Total Operating Expenses | 166.18 | 162.59 | 165.76 | 160.64 | 151.42 | 132.65 | 138.71 | 130.03 | 130.99 | 120.26 | 122.72 | 115.00 | 110.99 | 101.77 | 100.85 | 93.89 | 91.24 | 88.25 | 55.24 |
| Operating Income | (27.51) | (28.24) | (37.54) | (38.75) | (40.22) | (21.56) | (32.57) | (27.95) | (40.08) | (32.29) | (35.13) | (35.37) | (41.90) | (36.52) | (36.86) | (35.11) | (39.65) | (42.59) | (10.45) |
| Pretax Income | (24.06) | (24.68) | (34.14) | (34.77) | (34.57) | (15.97) | (27.28) | (22.45) | (34.91) | (27.94) | (30.59) | (31.50) | (38.44) | (32.88) | (34.28) | (33.38) | (39.62) | (42.23) | (10.67) |
| Tax Provision | 1.43 | 6.90 | 1.66 | (7.01) | 1.07 | 1.09 | 0.85 | 0.70 | 0.80 | 0.64 | 0.39 | 0.55 | 0.39 | 0.93 | (0.39) | 0.04 | 0.01 | 1.12 | (1.61) |
| Net Income | (26.59) | (31.60) | (36.00) | (27.90) | (35.79) | (17.19) | (27.91) | (23.00) | (35.64) | (28.28) | (30.74) | (31.69) | (38.45) | (33.45) | (33.36) | (32.89) | (39.27) | (42.93) | (8.72) |
| Basic EPS | (0.24) | (0.29) | (0.33) | (0.26) | (0.34) | (0.17) | (0.27) | (0.23) | (0.35) | (0.28) | (0.31) | (0.33) | (0.40) | (0.35) | (0.35) | (0.35) | (0.42) | (0.53) | (0.42) |
| Diluted EPS | (0.24) | (0.29) | (0.33) | (0.26) | (0.34) | (0.17) | (0.27) | (0.23) | (0.35) | (0.28) | (0.31) | (0.33) | (0.40) | (0.35) | (0.35) | (0.35) | (0.42) | (0.53) | (0.42) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2027 | Q4
2026 | Q3
2026 | Q2
2026 | 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 |
|---|
| Operating Cash Flow | 28.13 | 19.38 | 20.97 | 6.95 | 24.14 | 17.08 | (11.41) | 11.61 | 19.40 | 3.82 | (2.00) | (17.52) | 22.55 | 0.01 | (23.92) | (16.32) | 17.92 | (24.53) | (10.87) |
| Capital Expenditures | 0.11 | 4.82 | 1.94 | 2.61 | 0.22 | 1.09 | 1.92 | 3.31 | 6.92 | 6.32 | 3.01 | 0.39 | 0.04 | 1.38 | 4.22 | 7.88 | 1.96 | 1.20 | 1.11 |
| Free Cash Flow* | 28.02 | 14.56 | 19.02 | 4.34 | 23.93 | 16.00 | (13.33) | 8.30 | 12.48 | (2.50) | (5.01) | (17.90) | 22.51 | (1.37) | (28.14) | (24.20) | 15.96 | (25.73) | (11.98) |
| Investing Cash Flow | 42.80 | (7.46) | (5.73) | (160.55) | 122.84 | (0.84) | (8.20) | (16.83) | (10.60) | (0.50) | (15.99) | (27.78) | 24.30 | 18.02 | (12.74) | 4.00 | (407.80) | (1.75) | 19.79 |
| Financing Cash Flow | (49.69) | 13.80 | 1.08 | 7.48 | 0.61 | 6.18 | 1.48 | 5.92 | (1.88) | 4.10 | 1.67 | 5.12 | 2.21 | 4.12 | 1.80 | 2.78 | 2.63 | 463.31 | 4.60 |
* Derived from reported values
