Financial Statements — CERS
Balance Sheet
(in billions 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 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.08 | 0.06 | 0.06 |
| Accounts Receivable | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 |
| Inventory | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 |
| Total Current Assets | 0.18 | 0.17 | 0.17 | 0.16 | 0.14 | 0.14 | 0.14 | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 | 0.17 | 0.18 | 0.19 | 0.18 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Goodwill | 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 |
| Total Non-current Assets* | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
| Total Assets | 0.22 | 0.22 | 0.21 | 0.21 | 0.19 | 0.19 | 0.19 | 0.21 | 0.20 | 0.21 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 |
| Accounts Payable | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 |
| Total Current Liabilities | 0.11 | 0.09 | 0.08 | 0.07 | 0.05 | 0.05 | 0.06 | 0.08 | 0.08 | 0.08 | 0.10 | 0.08 | 0.07 | 0.06 | 0.07 | 0.05 |
| Total Non-current Liabilities* | 0.05 | 0.06 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 |
| Total Liabilities | 0.15 | 0.15 | 0.16 | 0.15 | 0.14 | 0.14 | 0.14 | 0.16 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.14 | 0.14 | 0.13 |
| Retained Earnings | (1.08) | (1.08) | (1.08) | (1.07) | (1.06) | (1.06) | (1.05) | (1.04) | (1.04) | (1.02) | (0.99) | (0.99) | (0.98) | (0.96) | (0.94) | (0.93) |
| Total Stockholder Equity | 0.07 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.09 |
* 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 | 53.66 | -- | -- | -- | 43.24 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 17.58 | 15.32 |
| Selling, General & Admin | 19.95 | 20.83 | 18.62 | 21.18 | 20.29 | 19.33 | 17.79 | 18.97 | 19.80 | 17.27 | 16.16 | 20.54 | 21.55 | 23.16 | 19.91 | 19.53 | 20.74 | 22.00 | 20.36 | 19.76 |
| Total Operating Expenses | 34.48 | 37.22 | 34.44 | 40.08 | 36.89 | 34.78 | 31.80 | 33.94 | 34.28 | 31.56 | 34.54 | 41.85 | 38.94 | 41.77 | 36.13 | 34.75 | 34.79 | 37.58 | 35.65 | 36.84 |
| Operating Income | (0.35) | (0.64) | 1.24 | (3.42) | (5.85) | (1.45) | (0.96) | (3.84) | (7.98) | 0.98 | (5.24) | (11.64) | (14.15) | (9.95) | (7.45) | (6.83) | (9.85) | (6.96) | (11.13) | (14.40) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 2.33 | 2.23 | 2.23 | 2.36 | 2.18 | 1.61 | 1.70 | 1.41 | 1.35 | 1.38 | 1.33 | 1.28 | 1.34 |
| Pretax Income | (1.56) | (2.06) | 0.07 | (5.64) | (7.64) | (2.45) | (2.86) | (5.83) | (9.62) | (1.32) | (7.21) | (13.23) | (15.56) | (13.36) | (8.45) | (8.32) | (12.21) | (9.05) | (12.36) | (15.28) |
| Tax Provision | 0.09 | 0.12 | 0.09 | 0.08 | 0.07 | 0.11 | 0.08 | (0.06) | 0.07 | 0.07 | 0.08 | 0.10 | 0.08 | 0.27 | 0.07 | 0.08 | 0.08 | 0.07 | 0.07 | 0.08 |
| Net Income | (1.64) | (2.18) | (0.02) | (5.71) | (7.72) | (2.52) | (2.93) | (5.77) | (9.69) | (1.33) | (7.27) | (13.27) | (15.62) | (13.62) | (8.48) | (8.39) | (12.28) | (9.12) | (12.44) | (15.36) |
| Basic EPS | (0.01) | (0.01) | 0.00 | (0.03) | (0.04) | (0.01) | (0.02) | (0.03) | (0.05) | (0.01) | (0.04) | (0.07) | (0.09) | (0.07) | (0.05) | -- | -- | -- | -- | -- |
| Diluted EPS | (0.01) | (0.01) | 0.00 | (0.03) | (0.04) | (0.01) | (0.02) | (0.03) | (0.05) | (0.01) | (0.04) | (0.07) | (0.09) | (0.07) | (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 | (3.05) | 6.20 | 1.93 | (2.45) | (0.84) | 4.93 | 4.07 | 0.40 | 1.96 | (15.18) | (10.49) | (9.00) | (8.50) | (1.76) | (2.06) | (0.34) | (21.46) | (1.22) | (6.58) | (8.14) |
| Capital Expenditures | 0.23 | 1.31 | 1.83 | 0.48 | 0.11 | 0.98 | 0.72 | 0.04 | 1.10 | (0.01) | 2.64 | 0.44 | 1.52 | 1.24 | 0.57 | 0.08 | 0.11 | 0.46 | 0.22 | 0.03 |
| Free Cash Flow* | (3.28) | 4.89 | 0.09 | (2.92) | (0.96) | 3.95 | 3.35 | 0.36 | 0.86 | (15.18) | (13.12) | (9.44) | (10.02) | (2.99) | (2.63) | (0.42) | (21.57) | (1.69) | (6.80) | (8.17) |
| Investing Cash Flow | 9.86 | (1.38) | (2.51) | (1.09) | (1.19) | (7.29) | 4.82 | (7.11) | 1.45 | 8.22 | (0.28) | 2.33 | (1.65) | 7.38 | (2.07) | (5.47) | 8.62 | (40.29) | 21.73 | 9.86 |
| Financing Cash Flow | 1.19 | (1.03) | 0.32 | (0.13) | 1.07 | 0.75 | 0.06 | (1.40) | 5.56 | 1.18 | 7.60 | (0.17) | 2.06 | 0.46 | 1.08 | 0.20 | 2.45 | 12.10 | 4.58 | 0.13 |
* Derived from reported values
