Financial Statements — BZAIW
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 |
|---|
| Cash & Equivalents | 33.22 | 24.00 | 28.59 | 44.97 | 0.00 | 0.03 | 0.15 | 0.00 | 1.27 | 1.17 | 0.48 | 0.62 | 0.93 |
| Accounts Receivable | -- | 10.22 | 1.31 | 1.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 9.01 | 8.78 | 8.23 | 8.38 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 65.38 | 54.78 | 47.41 | 93.54 | 0.19 | 0.18 | 0.28 | 0.06 | 1.40 | 1.38 | 0.73 | 0.93 | 1.19 |
| Property, Plant & Equipment | 1.38 | 1.26 | 1.60 | 2.05 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 5.37 | 6.12 | 6.42 | 6.66 | 49.92 | 48.89 | 47.87 | 70.80 | 69.89 | 69.43 | 293.59 | 292.32 | 291.98 |
| Total Assets | 70.75 | 60.90 | 53.83 | 100.20 | 50.11 | 49.07 | 48.15 | 70.85 | 71.28 | 70.81 | 294.32 | 293.25 | 293.18 |
| Accounts Payable | -- | 15.11 | 16.53 | 17.11 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 26.54 | 36.80 | 39.61 | 38.44 | 10.38 | 8.46 | 6.94 | 4.52 | 4.95 | 4.57 | 0.62 | 0.21 | 0.23 |
| Total Non-current Liabilities* | 18.77 | 22.80 | 19.03 | 11.99 | 10.06 | 10.06 | 10.06 | 10.06 | 10.06 | 10.06 | 10.06 | 10.06 | 10.06 |
| Total Liabilities | 45.31 | 59.60 | 58.64 | 50.43 | 20.44 | 18.53 | 17.01 | 14.58 | 15.01 | 14.63 | 10.69 | 10.27 | 10.29 |
| Retained Earnings | (658.81) | (632.86) | (606.60) | (577.01) | (19.83) | (18.10) | (16.65) | (14.31) | (13.63) | (13.13) | (9.42) | (9.14) | (8.93) |
| Total Stockholder Equity | 25.45 | 1.31 | (4.81) | 16.71 | (19.83) | (18.10) | (16.65) | (14.31) | (13.63) | (13.12) | (9.42) | (9.14) | (8.93) |
* 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 |
|---|
| Total Revenue | 2.74 | 23.78 | 11.87 | 1.98 | 1.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 1.16 | 21.22 | 10.09 | 0.80 | 0.33 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 1.58 | 2.56 | 1.78 | 1.18 | 0.24 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 9.68 | 10.12 | 9.68 | 9.61 | 13.12 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | -- | -- | 14.32 | 12.99 | 13.36 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Expenses | 24.96 | 23.91 | 24.36 | 23.06 | 0.72 | -- | 3.04 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (23.39) | (21.35) | (22.58) | (21.88) | (38.02) | (2.45) | (1.30) | (0.75) | (0.48) | (1.20) | (0.73) | (0.56) | (0.90) | (0.78) | (0.40) | (0.22) | (0.13) |
| Pretax Income | (22.55) | (3.30) | (26.24) | (29.55) | (147.60) | (2.52) | (0.75) | (0.48) | 0.15 | (0.26) | 0.18 | 0.27 | 2.18 | 1.47 | 0.91 | 0.17 | -- |
| Tax Provision | 0.10 | -0.00 | 0.02 | 0.04 | 0.16 | 0.11 | 0.12 | 0.12 | 0.16 | 0.07 | 0.18 | 0.17 | 0.61 | 0.46 | 0.25 | 0.08 | -- |
| Net Income | (22.65) | (3.30) | (26.26) | (29.59) | (147.76) | (2.63) | (0.88) | (0.60) | (0.01) | (0.34) | 0.00 | 0.10 | 1.57 | 1.02 | 0.66 | 0.09 | (0.10) |
| Basic EPS | (0.19) | 0.16 | (0.25) | (0.28) | (1.61) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (0.19) | 0.16 | (0.25) | (0.28) | (1.61) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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 |
|---|
| Operating Cash Flow | (12.63) | (16.46) | (24.92) | (16.43) | (15.94) | (0.27) | (0.67) | (0.37) | (1.46) | (0.17) | (1.27) | (0.27) | (0.62) | (0.46) | (0.14) | (0.22) | (0.56) |
| Capital Expenditures | 0.12 | 0.08 | 0.03 | 0.02 | 0.66 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (12.75) | (16.54) | (24.94) | (16.45) | (16.60) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (0.12) | (0.08) | (0.03) | (0.02) | (0.66) | (21.61) | (0.39) | (0.39) | 24.19 | 0.31 | 0.00 | 0.37 | 229.45 | -- | -- | -- | -- |
| Financing Cash Flow | 0.06 | 38.33 | 20.35 | 0.09 | 11.34 | 22.57 | 1.10 | 0.64 | (23.43) | 0.71 | 0.00 | 0.00 | (227.68) | 0.00 | 0.00 | (0.09) | (0.06) |
* Derived from reported values
