Financial Statements — CBAT
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 | 9.34 | 10.48 | 5.68 | 4.05 | 10.45 | 9.71 | 3.03 | 3.18 | 3.45 | 7.54 | 4.05 | 4.38 | 5.61 | 1.99 | 33.30 | 65.12 |
| Short-term Investments | -- | -- | 40.05 | 5.53 | 13.79 | 34.34 | 20.76 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 46.50 | 47.80 | 34.66 | 40.84 | 34.91 | 32.71 | 36.42 | 45.56 | 29.32 | 28.11 | 21.90 | 26.06 | 50.27 | 22.23 | 22.19 | 23.31 |
| Inventory | 75.67 | 34.49 | 37.44 | 30.80 | 23.94 | 31.23 | 28.26 | 37.45 | 41.82 | 50.78 | 52.71 | 55.31 | 41.87 | 9.25 | 9.70 | 6.50 |
| Total Current Assets | 238.43 | 157.69 | 143.45 | 143.16 | 130.46 | 123.44 | 130.16 | 136.29 | -- | -- | -- | -- | -- | 59.58 | 93.41 | 119.94 |
| Property, Plant & Equipment | 188.22 | 82.84 | 83.89 | 84.28 | 89.37 | 86.97 | 88.96 | 93.59 | 88.08 | 88.43 | 88.15 | 84.71 | 88.53 | 42.05 | 40.29 | 40.25 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.47 | 1.56 | 1.65 | -- | -- | -- |
| Intangible Assets | 0.07 | 0.07 | 0.15 | 0.27 | 0.51 | 0.60 | 0.72 | 0.94 | 1.02 | 1.20 | 1.38 | 1.59 | 1.83 | 0.02 | 0.01 | 0.01 |
| Total Non-current Assets* | 252.58 | 206.17 | 189.65 | 168.31 | 163.02 | 156.18 | 156.30 | 150.55 | -- | -- | -- | -- | -- | 131.12 | 98.77 | 84.02 |
| Total Assets | 491.01 | 363.86 | 333.09 | 311.46 | 293.48 | 279.62 | 286.46 | 286.84 | 252.17 | 252.17 | 251.21 | 269.98 | 278.80 | 190.71 | 192.17 | 203.96 |
| Accounts Payable | 203.02 | 118.44 | 97.63 | 93.40 | 89.47 | 71.64 | 79.02 | 88.18 | 27.87 | 23.46 | 19.60 | 22.70 | 24.48 | 15.80 | 12.41 | 9.06 |
| Short-term Debt | 37.39 | 29.57 | 33.89 | 29.30 | -- | -- | 21.20 | 148.50 | 26.81 | 18.63 | 17.57 | 16.88 | 14.67 | -- | -- | -- |
| Total Current Liabilities | 368.20 | 228.00 | 199.41 | 175.50 | 154.22 | 144.63 | 156.06 | 161.33 | 131.88 | 121.62 | 115.90 | 125.72 | 126.79 | 49.39 | 72.78 | 89.26 |
| Long-term Debt | 7.65 | 4.76 | 4.87 | 4.13 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 20.33 | -- | -- |
| Total Non-current Liabilities* | 20.59 | 17.40 | 17.84 | 17.22 | 8.87 | 8.46 | 9.16 | 5.96 | 6.12 | 7.62 | 7.71 | 8.33 | 9.97 | 19.12 | 17.55 | 16.82 |
| Total Liabilities | 388.80 | 245.41 | 217.25 | 192.72 | 163.09 | 153.09 | 165.22 | 167.29 | 138.00 | 129.24 | 123.61 | 134.05 | 136.76 | 68.51 | 90.34 | 106.08 |
| Retained Earnings | (143.08) | (126.42) | (129.07) | (126.00) | (118.10) | (118.11) | (124.56) | (129.63) | (135.96) | (133.33) | (121.25) | (121.25) | (122.05) | (131.65) | (151.67) | (154.38) |
| Total Stockholder Equity | 105.16 | 121.41 | 118.21 | 120.79 | 131.17 | 126.59 | 120.88 | 114.60 | 108.66 | 116.77 | 120.78 | 127.86 | 134.16 | 122.17 | 101.82 | 97.88 |
* 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 | 69.62 | 58.80 | 60.92 | 40.52 | 34.94 | 25.37 | 44.63 | 47.79 | 58.82 | 56.18 | 63.44 | 42.42 | 42.40 | 54.46 | 57.72 | 56.35 | 80.20 | 27.80 | 9.56 | 5.89 |
| Cost of Revenue | 68.58 | 54.52 | 56.05 | 36.06 | 30.14 | 22.06 | 37.67 | 35.07 | 40.04 | 43.49 | 51.19 | 38.54 | 39.49 | 50.67 | 54.26 | 50.81 | 74.88 | 26.76 | 8.43 | 4.79 |
| Gross Profit | 1.04 | 4.28 | 4.88 | 4.46 | 4.80 | 3.31 | 6.95 | 12.73 | 18.78 | 12.69 | 12.25 | 3.88 | 2.91 | 3.78 | 3.46 | 5.54 | 5.32 | 1.04 | 1.13 | 1.10 |
| Research & Development | 4.22 | 5.30 | 3.86 | 3.61 | 3.02 | 3.80 | 3.43 | 2.96 | 2.82 | 3.91 | 2.58 | 2.98 | 2.46 | 2.64 | 2.39 | 2.30 | 3.31 | 1.93 | 1.82 | 1.05 |
| Selling, General & Admin | 4.51 | 5.17 | 3.87 | 3.35 | 3.80 | 3.95 | 2.78 | 3.13 | 4.09 | 4.49 | 3.24 | 3.58 | 2.48 | 3.18 | 1.87 | 2.45 | 2.24 | 4.20 | 2.16 | 2.34 |
| Total Operating Expenses | 10.74 | 12.30 | 8.91 | 7.99 | 7.67 | 9.91 | 7.78 | 6.78 | 8.52 | 18.57 | 6.96 | 7.66 | 5.79 | 12.61 | 4.94 | 5.39 | 6.65 | 6.83 | 4.31 | 3.82 |
| Operating Income | (9.70) | (8.01) | (4.03) | (3.53) | (2.86) | (6.59) | (0.83) | 5.95 | 10.26 | (5.89) | 5.29 | (3.77) | (2.88) | (8.83) | (1.48) | 0.14 | (1.34) | (5.79) | (3.17) | (2.72) |
| Interest Expense | 0.25 | 0.14 | 0.30 | 0.33 | 0.30 | 0.39 | -- | 0.00 | 0.17 | -- | -- | -- | 0.17 | 0.09 | 0.18 | 0.16 | 0.21 | (0.26) | 0.00 | 0.39 |
| Pretax Income | (8.95) | (7.62) | 1.90 | (3.36) | (2.05) | (5.96) | (0.35) | 6.82 | 10.62 | (5.66) | 5.46 | (3.25) | (2.61) | (13.49) | (0.85) | 1.20 | 0.59 | 1.47 | 20.02 | 2.72 |
| Tax Provision | 0.01 | -0.00 | (0.18) | -- | -- | (0.63) | 0.34 | 0.80 | 1.05 | 3.50 | (0.31) | (0.31) | (0.40) | (1.31) | -0.00 | 0.18 | (0.09) | -- | -- | -- |
| Net Income | (9.29) | (7.38) | 2.65 | (3.07) | (1.58) | (4.51) | 0.02 | 6.45 | 9.84 | (4.77) | 6.33 | (2.63) | (1.38) | (10.93) | -0.00 | 0.81 | 0.68 | 9.21 | 20.02 | 2.72 |
| Basic EPS | (0.10) | (0.08) | 0.03 | (0.03) | (0.02) | (0.05) | 0.00 | 0.07 | 0.11 | (0.05) | 0.07 | (0.03) | (0.02) | (0.12) | 0.00 | 0.00 | 0.01 | 0.10 | 0.23 | 0.02 |
| Diluted EPS | (0.10) | (0.08) | 0.03 | (0.03) | (0.02) | (0.05) | 0.00 | 0.07 | 0.11 | (0.05) | 0.07 | (0.03) | (0.02) | (0.12) | 0.00 | 0.00 | 0.01 | 0.10 | 0.23 | 0.02 |
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 | 22.28 | 29.81 | 14.60 | 13.77 | (9.62) | 9.63 | 19.69 | 2.94 | 7.45 | 25.76 | 4.92 | 6.31 | 9.52 | (1.58) | (0.64) | 12.29 | 5.05 | 2.97 | (4.82) | (3.19) |
| Capital Expenditures | 11.78 | 13.74 | 8.60 | 9.63 | 12.69 | 5.71 | 3.14 | 0.44 | 7.90 | 6.20 | 5.37 | 19.57 | -- | 2.61 | 3.42 | 3.62 | 2.72 | 1.66 | 4.35 | 7.52 |
| Free Cash Flow* | 10.50 | 16.07 | 6.00 | 4.14 | (22.31) | 3.92 | 16.55 | 2.50 | (0.45) | 19.56 | (0.45) | (13.26) | -- | (4.19) | (4.07) | 8.67 | 2.33 | 1.31 | (9.16) | (10.71) |
| Investing Cash Flow | (11.78) | (16.66) | (8.44) | (10.71) | (9.90) | (3.32) | (3.16) | (4.12) | (12.84) | (13.57) | (9.17) | (12.35) | (7.22) | 2.00 | (3.59) | (3.62) | (2.72) | 9.42 | (29.82) | (12.00) |
| Financing Cash Flow | 11.31 | (2.20) | 34.78 | (30.50) | 5.93 | 9.78 | 10.11 | (15.18) | (16.39) | 0.09 | 6.37 | 8.96 | 3.19 | (6.79) | 7.46 | 3.05 | 1.90 | (2.78) | (0.15) | (14.15) |
* Derived from reported values
