Financial Statements — CABA
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 | 116.64 | 60.21 | 145.61 | 131.83 | 170.61 | 178.61 | 175.29 | 115.50 | 128.07 | 93.85 | 61.16 | 47.17 | 59.55 | 118.26 | 99.50 | 97.28 |
| Short-term Investments | 0.00 | 99.73 | 49.07 | -- | 12.40 | 24.61 | 48.55 | 48.89 | 48.26 | 0.00 | 24.73 | 49.64 | 49.66 | 1.00 | 3.31 | 4.75 |
| Total Current Assets | 122.32 | 164.56 | 198.41 | 134.60 | 185.52 | 206.26 | 227.48 | 166.18 | 177.57 | 95.73 | 88.18 | 98.75 | 111.44 | 120.85 | 105.02 | 105.76 |
| Property, Plant & Equipment | 1.59 | 2.06 | 2.37 | 2.64 | 2.81 | 2.98 | 2.92 | 1.99 | 2.30 | 2.59 | 2.81 | 2.31 | 1.23 | 1.46 | 1.60 | 1.23 |
| Total Non-current Assets* | 25.83 | 25.20 | 26.09 | 30.55 | 18.90 | 11.16 | 12.98 | 7.11 | 7.07 | 7.71 | 3.50 | 3.27 | 2.22 | 1.79 | 1.92 | 1.53 |
| Total Assets | 148.15 | 189.76 | 224.50 | 165.14 | 204.41 | 217.42 | 240.46 | 173.29 | 184.64 | 103.45 | 91.68 | 102.02 | 113.66 | 122.64 | 106.93 | 107.28 |
| Accounts Payable | 6.38 | 8.27 | 7.19 | 6.49 | 2.18 | 4.22 | 5.84 | 3.62 | 2.34 | 3.96 | 1.33 | 2.45 | 3.91 | 1.71 | 2.37 | 1.27 |
| Total Current Liabilities | 41.51 | 45.74 | 41.54 | 33.99 | 22.88 | 17.90 | 17.97 | 10.62 | 8.48 | 9.31 | 5.80 | 6.49 | 6.94 | 6.02 | 5.60 | 3.97 |
| Total Non-current Liabilities* | 3.33 | 4.56 | 4.48 | 9.60 | 7.29 | 0.00 | 0.77 | 1.75 | 2.01 | 2.49 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities* | 44.84 | 50.29 | 46.02 | 43.59 | 30.17 | 17.90 | 18.74 | 12.36 | 10.50 | 11.80 | 5.80 | 6.49 | 6.94 | 6.02 | 5.60 | 3.97 |
| Retained Earnings | (560.47) | (475.04) | (430.17) | (385.04) | (316.51) | (285.89) | (258.28) | (212.35) | (195.90) | (181.42) | (149.87) | (138.44) | (125.53) | (98.70) | (87.14) | (76.00) |
| Total Stockholder Equity | 103.31 | 139.47 | 178.48 | 121.55 | 174.24 | 199.52 | 221.72 | 160.92 | 174.14 | 91.65 | 85.87 | 95.53 | 106.72 | 116.62 | 101.33 | 103.31 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research & Development | 37.35 | 36.19 | 39.82 | 37.64 | 29.02 | 25.53 | 26.29 | 23.43 | 21.95 | 17.41 | 13.79 | 11.80 | 12.44 | 12.40 | 8.22 | 9.51 | 9.17 | 9.92 | 8.17 | 7.85 |
| Selling, General & Admin | 6.94 | 6.42 | 6.76 | 8.27 | 8.12 | 8.25 | 6.76 | 6.85 | 6.08 | 5.74 | 4.88 | 4.09 | 4.52 | 3.90 | 3.56 | 3.55 | 3.83 | 3.97 | 3.39 | 3.30 |
| Total Operating Expenses | 44.30 | 42.61 | 46.59 | 45.91 | 37.14 | 33.78 | 33.05 | 30.28 | 28.03 | 23.15 | 18.67 | 15.89 | 16.96 | 16.30 | 11.78 | 13.06 | 13.00 | 13.89 | 11.56 | 11.15 |
| Operating Income | (44.30) | (42.61) | (46.59) | (45.91) | (37.14) | (33.78) | (33.05) | (30.28) | (28.03) | (23.15) | (18.67) | (15.89) | (16.96) | (16.30) | (11.78) | (13.06) | (13.00) | (13.89) | (11.56) | (11.14) |
| Interest Expense | 0.64 | 0.56 | 0.58 | 0.57 | 0.29 | 0.75 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income* | (43.51) | (41.92) | (44.87) | (45.13) | (35.94) | -- | (30.63) | (27.60) | (25.05) | -- | (16.45) | (14.49) | (15.85) | -- | (11.43) | (12.91) | (12.95) | -- | (11.56) | (11.14) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Net Income | (43.51) | (41.92) | (44.87) | (45.13) | (35.94) | (32.59) | (30.63) | (27.60) | (25.05) | (20.89) | (16.45) | (14.49) | (15.85) | (15.69) | (11.43) | (12.91) | (12.95) | (13.89) | (11.56) | (11.14) |
| Basic EPS | (0.39) | (0.22) | (0.44) | (0.73) | (0.71) | (0.65) | (0.62) | (0.56) | (0.51) | (0.46) | (0.37) | (0.37) | (0.45) | (0.52) | (0.39) | (0.45) | -- | -- | -- | -- |
| Diluted EPS | (0.39) | (0.22) | (0.44) | (0.73) | (0.71) | (0.65) | (0.62) | (0.56) | (0.51) | (0.46) | (0.37) | (0.37) | (0.45) | (0.52) | (0.39) | (0.45) | -- | -- | -- | -- |
* Derived from reported values
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 | (42.56) | (35.34) | (34.51) | (30.43) | (30.80) | (23.12) | (20.32) | (20.79) | (23.99) | (16.45) | (12.60) | (11.89) | (12.61) | (12.13) | (9.91) | (11.53) | (12.81) | (10.51) | (8.34) | (6.58) |
| Capital Expenditures | 0.00 | 0.21 | 0.08 | 0.16 | 0.79 | 0.38 | 0.25 | 0.77 | 0.81 | 0.19 | 0.07 | 0.06 | 0.38 | 0.32 | 1.09 | 0.90 | 0.15 | 0.15 | 0.53 | 0.39 |
| Free Cash Flow* | (42.56) | (35.55) | (34.59) | (30.59) | (31.59) | (23.50) | (20.58) | (21.56) | (24.80) | (16.63) | (12.67) | (11.95) | (12.99) | (12.45) | (11.01) | (12.42) | (12.96) | (10.67) | (8.87) | (6.97) |
| Investing Cash Flow | 50.96 | 49.80 | (50.08) | (49.20) | (0.78) | 12.12 | 12.25 | 23.73 | (0.81) | 1.14 | (0.06) | (48.14) | 24.62 | (0.32) | 23.91 | (0.90) | (49.91) | 0.85 | 1.77 | 1.03 |
| Financing Cash Flow | 25.27 | 8.33 | (0.81) | 93.37 | (0.55) | 4.37 | 0.07 | 0.38 | 6.86 | 93.05 | 0.10 | 94.26 | 0.23 | 32.89 | 0.00 | 0.04 | 0.05 | 13.63 | 25.34 | 7.77 |
* Derived from reported values