Financial Statements — CBUS
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 | 30.33 | 23.89 | 36.46 | 23.59 | 28.81 | 30.02 | 24.51 | 31.88 | 50.90 | 2.05 | 7.03 | 11.32 | 17.29 | 13.92 | 17.49 | 16.39 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -- | 0.00 | 0.00 | 3.05 |
| Accounts Receivable | 1.70 | 0.60 | 0.95 | 0.95 | 1.19 | 1.06 | 0.65 | 0.56 | 0.86 | -- | -- | -- | -- | 0.21 | 3.99 | 1.35 |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.67 | 2.47 | 4.53 |
| Total Current Assets | 33.07 | 26.24 | 39.84 | 25.88 | 31.57 | 33.10 | 26.72 | 34.47 | 54.85 | 2.58 | 7.94 | 12.86 | 18.97 | 17.25 | 24.97 | 29.06 |
| Property, Plant & Equipment | 5.64 | 8.55 | 9.38 | 10.40 | 12.91 | 13.76 | 14.66 | 17.20 | 14.99 | 4.10 | 4.86 | 5.08 | 5.13 | 21.48 | 22.00 | 22.55 |
| Goodwill | 232.52 | 232.52 | 232.52 | 232.52 | 253.47 | 434.90 | 434.90 | 585.27 | 585.27 | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 31.22 | 32.13 | 32.59 | 33.04 | 34.04 | 34.49 | 34.95 | 134.92 | 135.38 | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 291.13 | 303.98 | 306.36 | 309.16 | 336.30 | 520.28 | 506.32 | 761.76 | 759.42 | 17.70 | 18.76 | 19.15 | 19.37 | 22.27 | 22.80 | 23.37 |
| Total Assets | 324.20 | 330.23 | 346.20 | 335.05 | 367.87 | 553.38 | 533.03 | 796.24 | 814.27 | 20.29 | 26.70 | 32.02 | 38.35 | 39.52 | 47.78 | 52.43 |
| Accounts Payable | 5.41 | 5.98 | 5.93 | 6.78 | 7.02 | 6.20 | 6.67 | 6.28 | 3.96 | 0.33 | 0.44 | 0.52 | 1.17 | 1.04 | 2.18 | 0.96 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.00 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 13.94 | 20.56 | 22.42 | 21.01 | 21.92 | 28.97 | 21.72 | 25.08 | 22.45 | 4.22 | 4.23 | 4.50 | 9.52 | 5.14 | 7.16 | 6.31 |
| Long-term Debt | 0.07 | 0.12 | 0.14 | 0.18 | 0.29 | 0.37 | 0.44 | 1.79 | 2.28 | -- | -- | -- | -- | 0.00 | 0.00 | 1.52 |
| Total Non-current Liabilities* | 274.78 | 257.64 | 249.30 | 240.07 | 225.08 | 217.34 | 191.49 | 178.66 | 170.64 | 13.40 | 13.63 | 13.76 | 13.90 | 18.55 | 18.72 | 20.51 |
| Total Liabilities | 288.72 | 278.20 | 271.72 | 261.09 | 246.99 | 246.31 | 213.21 | 203.74 | 193.09 | 17.62 | 17.86 | 18.26 | 23.42 | 23.70 | 25.88 | 26.82 |
| Retained Earnings | (879.47) | (826.96) | (803.42) | (778.05) | (708.06) | (528.10) | (503.21) | (262.66) | (236.23) | (217.54) | (209.31) | (203.36) | (200.88) | (189.03) | (181.73) | (176.92) |
| Total Stockholder Equity | 35.48 | 50.40 | 72.12 | 70.27 | 108.14 | 270.50 | 278.22 | 463.39 | 484.31 | 2.67 | 8.84 | 13.76 | 14.92 | 15.83 | 21.90 | 25.61 |
* 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 | 1.68 | 1.06 | 0.62 | 0.93 | 1.03 | 1.21 | 1.67 | 0.84 | 0.55 | 1.10 | 0.48 | 0.20 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 1.94 | 7.76 | 11.88 |
| Cost of Revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 8.28 | 11.53 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | (0.06) | (0.52) | 0.35 |
| Research & Development | 8.72 | 9.39 | 10.78 | 12.23 | 11.80 | 12.43 | 12.99 | 12.99 | 12.01 | 14.21 | 17.52 | 8.43 | 2.21 | 2.35 | 3.02 | 3.25 | 2.94 | 2.86 | 2.58 | 2.84 |
| Selling, General & Admin | 5.08 | 5.13 | 5.27 | 6.65 | 9.86 | 6.80 | 7.68 | 9.33 | 6.99 | 6.79 | 8.75 | 11.08 | -- | -- | 3.23 | 3.56 | 3.18 | -- | 3.86 | 3.48 |
| Total Operating Expenses | 13.80 | 23.63 | 16.05 | 18.88 | 42.61 | 19.24 | 202.10 | 22.32 | 19.00 | 270.42 | 26.27 | 19.51 | 4.51 | 3.36 | 6.25 | 6.81 | 6.12 | 6.65 | 6.44 | 6.34 |
| Operating Income | (12.12) | (22.57) | (15.44) | (17.95) | (41.57) | (18.02) | (200.44) | (21.48) | (18.45) | (269.31) | (25.80) | (19.31) | (4.46) | (3.31) | (6.20) | (6.76) | (6.09) | (6.71) | (6.96) | (5.98) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.06 | 0.01 | 0.01 | 0.36 | 0.36 | 0.36 |
| Pretax Income | (21.21) | (31.94) | (24.31) | (26.53) | (49.39) | (25.80) | (201.45) | (28.48) | (26.96) | (277.21) | (34.53) | (20.51) | (5.39) | (2.84) | (5.95) | (2.48) | (5.62) | (7.06) | (7.31) | (4.81) |
| Tax Provision | 0.01 | 0.01 | (0.01) | 0.03 | 0.00 | 0.01 | 0.01 | -0.00 | 0.01 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Net Income | (21.22) | (31.29) | (23.54) | (25.37) | (46.89) | (23.10) | (179.97) | (24.88) | (23.43) | (217.11) | (26.43) | (18.69) | (5.39) | (2.84) | (5.95) | (2.48) | (5.62) | (7.06) | (7.31) | (4.81) |
| Basic EPS | (0.33) | (0.39) | (0.44) | (0.61) | (1.34) | (0.94) | (7.63) | (1.14) | (1.12) | (20.22) | (1.59) | (3.05) | (1.09) | (0.06) | (0.13) | (0.05) | -- | -- | -- | -- |
| Diluted EPS | (0.33) | (0.39) | (0.44) | (0.61) | (1.34) | (0.94) | (7.63) | (1.14) | (1.12) | (20.22) | (1.59) | (3.05) | (1.09) | (0.06) | (0.13) | (0.05) | -- | -- | -- | -- |
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 | (11.49) | (13.42) | (11.74) | (13.60) | (11.83) | (13.99) | (13.52) | (17.05) | (13.48) | (17.02) | (15.07) | (11.74) | (2.37) | (3.76) | (4.32) | (4.87) | (6.40) | (33.47) | 25.90 | (1.83) |
| Capital Expenditures | 0.12 | 0.09 | 0.11 | 0.09 | 0.29 | 0.06 | 0.36 | 0.17 | 0.23 | 0.45 | 3.31 | 0.56 | 0.00 | 0.01 | 0.22 | 0.74 | 0.55 | 0.12 | 0.07 | 0.04 |
| Free Cash Flow* | (11.60) | (13.51) | (11.85) | (13.70) | (12.12) | (14.05) | (13.87) | (17.22) | (13.71) | (17.47) | (18.39) | (12.30) | (2.37) | (3.77) | (4.54) | (5.62) | (6.95) | (33.59) | 25.83 | (1.87) |
| Investing Cash Flow | (0.07) | (0.09) | (0.11) | (0.09) | (0.29) | (0.06) | (0.35) | (0.17) | (0.23) | (0.45) | (3.31) | 58.82 | 0.00 | (0.01) | (0.22) | (0.74) | (0.55) | (0.12) | (0.07) | 3.01 |
| Financing Cash Flow | 31.96 | (0.46) | (0.72) | 26.56 | 21.27 | (0.31) | 12.65 | 22.73 | 5.52 | 18.28 | (0.62) | 1.76 | 0.90 | 0.10 | (0.16) | (0.35) | 10.41 | 3.79 | (0.09) | (0.07) |
* Derived from reported values
