Financial Statements — CNET
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 | 0.72 | 1.76 | 1.71 | 0.81 | 1.12 | 0.51 | 0.47 | 1.31 | 2.00 | 1.59 | 2.15 | 4.45 | 4.82 | 8.73 | 11.75 | 15.79 |
| Accounts Receivable | 0.18 | 1.10 | 0.19 | 2.12 | 1.48 | 1.18 | 0.75 | 0.77 | 1.05 | 1.57 | 3.00 | 3.24 | 3.61 | 2.67 | 3.71 | 1.69 |
| Total Current Assets | 7.42 | 8.47 | 7.98 | 8.23 | 9.86 | 9.37 | 9.30 | 9.38 | 10.43 | 10.88 | 14.38 | 15.61 | 18.30 | 21.83 | 24.06 | 26.54 |
| Property, Plant & Equipment | 0.14 | 0.15 | 0.16 | 0.14 | 0.13 | 0.16 | 0.19 | 0.17 | 0.19 | 0.23 | 0.27 | 0.31 | 0.35 | 0.19 | 0.12 | 0.06 |
| Goodwill | -- | -- | -- | -- | -- | 0.08 | 0.08 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 0.46 | 0.58 | 0.64 | 0.69 | 0.21 | 0.44 | 0.65 | 2.36 | 2.67 | 2.96 | 5.90 | 6.44 | 6.99 | 3.28 | 3.44 | 3.60 |
| Total Non-current Assets* | 2.05 | 1.18 | 1.26 | 1.32 | 1.15 | 1.47 | 2.11 | 5.40 | 5.81 | 6.96 | 10.62 | 11.55 | 12.11 | 13.09 | 12.89 | 12.09 |
| Total Assets | 9.46 | 9.65 | 9.25 | 9.54 | 11.01 | 10.84 | 11.40 | 14.78 | 16.25 | 17.83 | 25.00 | 27.16 | 30.41 | 34.92 | 36.95 | 38.63 |
| Accounts Payable | 0.30 | 0.21 | 0.11 | 0.10 | 0.50 | 0.34 | 0.27 | 0.20 | 0.20 | 0.22 | 0.28 | 0.57 | 0.75 | 0.75 | 1.01 | 1.23 |
| Total Current Liabilities | 4.89 | 6.02 | 5.43 | 6.11 | 5.98 | 5.42 | 5.86 | 5.09 | 4.97 | 5.32 | 6.56 | 5.79 | 7.38 | 9.99 | 13.44 | 18.18 |
| Total Non-current Liabilities* | 0.20 | 0.22 | 0.24 | 0.26 | 0.13 | 0.13 | 0.13 | 1.45 | 1.49 | 1.63 | 1.68 | 1.88 | 1.99 | 2.06 | 2.11 | 2.09 |
| Total Liabilities | 5.09 | 6.24 | 5.67 | 6.37 | 6.11 | 5.55 | 5.99 | 6.54 | 6.46 | 6.95 | 8.24 | 7.67 | 9.37 | 12.05 | 15.56 | 20.27 |
| Retained Earnings | (65.09) | (64.73) | (64.62) | (63.98) | (62.67) | (60.76) | (60.54) | (57.78) | (56.26) | (54.86) | (49.00) | (46.16) | (44.45) | (42.57) | (43.94) | (40.29) |
| Total Stockholder Equity | 4.31 | 3.35 | 3.51 | 3.11 | 4.84 | 5.23 | 5.41 | 8.24 | 9.79 | 10.88 | 16.76 | 19.49 | 21.04 | 22.93 | 21.46 | 18.42 |
* 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 | 0.38 | 0.70 | 1.72 | 0.55 | 1.65 | 2.25 | 3.24 | 6.42 | 3.53 | 5.27 | 9.18 | 9.82 | 6.32 | 4.42 | 7.22 | 6.95 | 7.65 | 12.48 | 11.90 | 14.55 |
| Cost of Revenue | 0.36 | 0.65 | 1.62 | 0.50 | 1.49 | 2.26 | 3.18 | 6.09 | 3.46 | 5.28 | 9.19 | 9.93 | 6.63 | 4.62 | 7.27 | 7.03 | 7.52 | 11.49 | 11.86 | 14.77 |
| Gross Profit | 0.03 | 0.05 | 0.10 | 0.05 | 0.16 | (0.01) | 0.06 | 0.33 | 0.07 | (0.01) | -0.00 | (0.11) | (0.31) | (0.20) | (0.05) | (0.08) | 0.13 | 0.99 | 0.04 | (0.22) |
| Research & Development | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | 0.02 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 | 0.09 | 0.09 |
| Selling, General & Admin | -- | 0.59 | 0.25 | 0.73 | 0.74 | 0.53 | 1.97 | 0.57 | 0.92 | 0.40 | 1.55 | 1.18 | 0.93 | 2.61 | 1.65 | 2.50 | 1.55 | 2.27 | 1.47 | 7.90 |
| Total Operating Expenses | (0.05) | 0.59 | 0.25 | 0.73 | 0.74 | 0.53 | 2.05 | 0.63 | 0.99 | 1.75 | 1.60 | 1.23 | 1.00 | 4.83 | 1.78 | 2.63 | 1.69 | 2.91 | 1.62 | 8.06 |
| Operating Income | 0.08 | (0.54) | (0.15) | (0.68) | (0.58) | (0.54) | (1.99) | (0.30) | (0.92) | (1.76) | (1.61) | (1.34) | (1.31) | (5.02) | (1.83) | (2.71) | (1.55) | (1.92) | (1.57) | (8.28) |
| Pretax Income | 0.12 | (0.50) | (0.11) | (0.64) | (0.53) | (0.38) | (1.90) | (0.23) | (0.85) | (1.91) | (1.52) | -- | -- | (4.52) | (2.84) | (1.72) | (0.72) | (0.75) | 1.24 | (3.67) |
| Tax Provision | -0.00 | 0.00 | 0.00 | -0.00 | 0.00 | 0.40 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | 0.35 | (0.13) | (0.02) |
| Net Income | 0.13 | (0.49) | (0.11) | (0.64) | (0.53) | (0.78) | (1.91) | (0.22) | (0.85) | (1.91) | (1.52) | (1.40) | (1.14) | (4.52) | (2.84) | (1.71) | (0.72) | (1.17) | 1.38 | (3.65) |
| Basic EPS | 0.04 | (0.13) | (0.04) | (0.27) | (0.23) | (0.65) | (1.06) | (0.03) | (0.12) | (0.27) | (0.21) | (0.19) | (0.16) | (1.22) | (0.08) | (0.05) | (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 | (0.29) | (0.15) | (0.48) | 0.69 | (0.98) | (0.83) | (0.20) | (0.68) | (0.35) | (0.48) | (0.67) | 0.05 | (0.92) | 1.22 | (2.26) | (1.25) | (0.89) | (2.24) | (1.27) | (1.62) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.03 | 0.04 | 0.00 | 0.00 | 0.00 | -- | 0.03 | 0.05 | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.03 | 0.09 | 0.22 |
| Free Cash Flow* | (0.29) | (0.15) | (0.48) | 0.66 | (1.02) | (0.83) | (0.20) | (0.68) | -- | (0.50) | (0.73) | -- | -- | 1.22 | (2.26) | (1.25) | -- | (2.27) | (1.35) | (1.85) |
| Investing Cash Flow | 0.05 | (0.60) | 0.00 | (0.03) | 0.48 | 0.25 | (0.01) | 0.64 | 0.01 | (0.04) | (0.04) | 0.42 | (1.88) | 1.03 | 0.00 | 0.98 | (1.46) | 0.63 | (1.74) | (2.50) |
| Financing Cash Flow | 0.00 | (0.04) | 0.53 | 0.25 | 0.50 | 0.27 | 0.81 | 0.07 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Derived from reported values
