Financial Statements — CGEM
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 | 75.08 | 103.34 | 72.82 | 76.66 | 102.09 | 115.02 | 74.23 | 64.85 | 141.83 | 122.13 | 242.66 | 353.56 | 76.12 | 88.11 | 123.67 | 293.54 |
| Short-term Investments | 276.80 | 229.26 | 192.66 | 227.17 | 475.99 | 547.47 | 358.78 | 401.58 | 349.96 | 268.57 | 333.29 | 257.43 | 238.74 | 232.94 | 213.04 | 147.34 |
| Total Current Assets | 361.41 | 342.24 | 275.91 | 317.77 | 592.04 | 677.80 | 445.72 | 476.71 | 498.24 | 399.03 | 582.08 | 622.84 | 322.31 | 328.84 | 344.47 | 447.29 |
| Property, Plant & Equipment | 0.34 | 0.49 | 0.57 | 0.61 | 0.76 | 0.84 | 0.91 | 1.07 | 1.16 | 1.24 | 0.79 | 0.05 | 0.06 | 0.09 | 0.10 | 0.12 |
| Total Non-current Assets* | 41.58 | 141.89 | 244.42 | 261.91 | 61.22 | 3.42 | 3.71 | 18.00 | 23.75 | 115.96 | 35.16 | 44.41 | 115.15 | 124.57 | 119.89 | 32.37 |
| Total Assets | 402.98 | 484.13 | 520.33 | 579.68 | 653.25 | 681.22 | 449.43 | 494.71 | 521.98 | 514.99 | 617.24 | 667.25 | 437.46 | 453.40 | 464.35 | 479.67 |
| Accounts Payable | 2.51 | 1.72 | 2.46 | 3.40 | 2.12 | 1.56 | 3.71 | 0.95 | 2.49 | 2.03 | 1.52 | 3.10 | 6.31 | 2.02 | 1.51 | 3.88 |
| Total Current Liabilities | 35.15 | 32.76 | 28.06 | 27.35 | 24.20 | 23.48 | 21.93 | 23.44 | 19.68 | 26.17 | 27.12 | 62.04 | 17.26 | 7.86 | 5.74 | 9.89 |
| Total Non-current Liabilities* | 1.66 | 0.00 | 0.13 | 0.49 | 1.19 | 1.52 | 1.84 | 2.45 | 2.73 | 3.17 | 3.99 | 0.60 | 0.74 | 0.07 | 0.07 | 0.07 |
| Total Liabilities | 36.81 | 32.76 | 28.18 | 27.84 | 25.39 | 25.00 | 23.77 | 25.89 | 22.41 | 29.34 | 31.11 | 62.63 | 17.99 | 7.93 | 5.81 | 9.97 |
| Retained Earnings | (637.78) | (537.41) | (486.80) | (416.74) | (320.59) | (280.03) | (238.00) | (177.05) | (137.87) | (105.66) | (20.91) | 3.89 | (171.01) | (126.39) | (109.04) | (93.41) |
| Total Stockholder Equity* | 366.17 | 451.37 | 492.15 | 551.84 | 627.86 | 656.22 | 425.67 | 468.82 | 499.57 | 485.65 | 586.13 | 604.54 | 418.70 | 443.39 | 455.55 | 466.90 |
* 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 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 18.94 | 18.94 |
| Research & Development | 42.12 | 42.95 | 41.97 | 61.03 | 41.46 | 40.49 | 35.51 | 36.26 | 30.65 | 34.85 | 33.82 | 27.39 | 52.10 | 21.32 | 19.68 | 26.41 | 24.54 | 20.88 | 12.68 | 11.78 |
| Selling, General & Admin | 11.57 | 12.31 | 13.63 | 14.77 | 13.54 | 14.56 | 13.35 | 13.77 | 12.34 | 10.64 | 10.98 | 10.21 | 10.66 | 11.29 | 10.09 | 10.70 | 8.12 | 13.47 | 5.70 | 4.83 |
| Total Operating Expenses | 53.70 | 55.26 | 55.60 | 75.80 | 55.00 | 55.05 | 48.86 | 50.03 | 42.99 | 45.49 | 44.80 | 37.60 | 62.76 | 32.61 | 29.77 | 37.11 | 32.66 | 34.35 | 18.38 | 16.60 |
| Operating Income | (53.70) | (55.26) | (55.59) | (75.80) | (55.00) | (55.05) | (48.85) | (50.03) | (42.99) | (45.48) | (45.24) | (37.60) | (62.76) | (32.61) | (29.77) | 239.68 | (32.66) | (34.35) | (18.37) | (16.60) |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | (39.68) | (39.18) | (32.21) | (58.14) | (28.95) | (27.41) | 240.14 | (32.46) | -- | -- | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | (14.12) | 0.00 | 0.00 | 0.00 | (1.86) | (2.52) | 66.07 | (19.57) | -- | 0.00 | 0.00 |
| Net Income | (49.66) | (50.71) | (50.61) | (70.06) | (48.50) | (47.65) | (40.56) | (42.03) | (37.15) | (23.80) | (39.18) | (32.21) | (57.96) | (26.78) | (24.80) | 174.90 | (12.10) | (32.51) | (17.35) | (15.64) |
| Basic EPS | -- | -- | -- | -- | -- | -- | (0.69) | (0.75) | (0.86) | (0.54) | (0.91) | (0.82) | (1.42) | (0.61) | (0.54) | 3.90 | -- | -- | -- | -- |
| Diluted EPS | -- | -- | -- | -- | -- | -- | (0.69) | (0.75) | (0.86) | (0.54) | (0.91) | (0.82) | (1.42) | (0.58) | (0.54) | 3.77 | -- | -- | -- | -- |
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 | (46.04) | (38.11) | (36.88) | (57.61) | (43.15) | (36.63) | (34.14) | (36.29) | (38.25) | (18.13) | (34.14) | (31.01) | (51.00) | (24.98) | (54.35) | (25.42) | (21.91) | (15.17) | (10.55) | (16.20) |
| Capital Expenditures | -- | 0.01 | 0.04 | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.16 | 0.88 | 0.25 | -- | -- | -0.00 | 0.00 | 0.00 |
| Free Cash Flow* | -- | (38.12) | (36.91) | -- | -- | (36.63) | (34.14) | (36.29) | (38.25) | (18.13) | (34.14) | (31.05) | (51.16) | (25.86) | (54.60) | -- | -- | (15.17) | (10.55) | (16.20) |
| Investing Cash Flow | 32.41 | 22.39 | 67.39 | 53.40 | 36.81 | 15.96 | 19.88 | (185.11) | 12.96 | 51.47 | (42.96) | 12.11 | 15.18 | (28.61) | (57.98) | 300.85 | 34.71 | (15.86) | (25.59) | (154.59) |
| Financing Cash Flow | 0.38 | 0.72 | 0.00 | 0.37 | 0.00 | 1.58 | 1.33 | 262.20 | 1.09 | 0.25 | 0.11 | 38.60 | 1.79 | (32.91) | 1.43 | 2.01 | 3.54 | 2.70 | 0.58 | 0.92 |
* Derived from reported values
