Financial Statements — CRBU
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 |
|---|
| Cash & Equivalents | 12.06 | 11.14 | 25.20 | 29.42 | 31.97 | 37.87 | 49.40 | 104.06 | 66.19 | 52.74 | 82.09 | 112.15 | 147.63 | 435.31 | 129.52 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 227.78 | 206.10 | -- | -- |
| Accounts Receivable | 0.23 | 0.24 | 0.07 | 0.09 | 0.18 | 0.22 | 0.92 | 1.13 | 0.77 | 1.53 | 0.40 | 0.52 | 0.37 | 0.58 | 0.00 |
| Total Current Assets | 122.38 | 155.51 | 192.51 | 217.32 | 237.43 | 270.88 | 304.51 | 350.69 | 268.54 | 239.49 | 306.92 | 352.93 | 368.01 | 449.05 | 142.97 |
| Property, Plant & Equipment | 6.12 | 7.60 | 8.18 | 18.52 | 19.57 | 19.88 | 19.17 | 16.60 | 15.43 | 12.65 | 8.96 | 8.01 | 6.02 | 4.48 | 4.41 |
| Total Non-current Assets* | 26.62 | 39.48 | 28.40 | 56.33 | 106.91 | 102.06 | 102.31 | 106.83 | 81.11 | 107.97 | 91.90 | 68.44 | 77.99 | 12.91 | 15.43 |
| Total Assets | 149.00 | 194.98 | 220.90 | 273.66 | 344.33 | 372.94 | 406.83 | 457.52 | 349.65 | 347.46 | 398.82 | 421.37 | 446.00 | 461.96 | 158.40 |
| Accounts Payable | 3.50 | 3.80 | 3.24 | 3.87 | 2.70 | 3.23 | 5.94 | 2.38 | 4.43 | 2.65 | 1.23 | 0.43 | 1.81 | 3.48 | 4.03 |
| Total Current Liabilities | 19.67 | 28.06 | 28.89 | 28.49 | 32.16 | 30.94 | 29.02 | 24.57 | 34.38 | 27.10 | 28.81 | 28.86 | 26.67 | 26.16 | 26.01 |
| Total Non-current Liabilities* | 27.31 | 25.08 | 25.88 | 27.94 | 30.97 | 31.53 | 34.52 | 34.68 | 45.81 | 42.09 | 45.90 | 44.62 | 47.53 | 31.40 | 29.93 |
| Total Liabilities | 46.98 | 53.14 | 54.77 | 56.43 | 63.13 | 62.47 | 63.54 | 59.25 | 80.19 | 69.19 | 74.71 | 73.48 | 74.20 | 57.56 | 55.94 |
| Retained Earnings | (621.60) | (570.03) | (542.48) | (488.38) | (412.90) | (378.22) | (340.52) | (264.78) | (254.78) | (225.26) | (170.23) | (143.58) | (116.88) | (79.31) | (58.34) |
| Total Stockholder Equity | 102.02 | 141.85 | 166.13 | 217.22 | 281.20 | 310.46 | 343.29 | 398.27 | 269.46 | 278.27 | 324.11 | 347.89 | 371.80 | 404.40 | (47.69) |
* 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 | 2.40 | 3.94 | 2.20 | 2.67 | 2.35 | 2.08 | 2.02 | 3.46 | 2.43 | 3.56 | 23.66 | 3.76 | 3.50 | 3.69 | 3.30 | 4.19 | 2.66 | 2.56 | 3.98 | 1.48 |
| Research & Development | 20.61 | 23.82 | 22.40 | 27.69 | 35.53 | 30.46 | 30.42 | 35.48 | 33.79 | 31.28 | 28.58 | 26.50 | 25.71 | 25.74 | 19.99 | 22.58 | 13.92 | 15.11 | 15.83 | 12.33 |
| Selling, General & Admin | 8.07 | 8.58 | 9.20 | 10.40 | 9.74 | 10.49 | 9.84 | 11.49 | 14.64 | 9.72 | 9.71 | 10.12 | 8.91 | 8.53 | 9.85 | 10.04 | 9.59 | 7.85 | 6.76 | 5.11 |
| Total Operating Expenses | 28.68 | 32.39 | 31.60 | 50.25 | 45.27 | 40.95 | 40.26 | 46.97 | 48.43 | 41.00 | 38.30 | 36.62 | 34.62 | 34.27 | 29.84 | 32.62 | 23.52 | 22.96 | 22.59 | 17.44 |
| Operating Income | (26.28) | (28.45) | (29.40) | (47.58) | (42.91) | (38.87) | (38.24) | (43.50) | (46.00) | (37.44) | (14.63) | (32.87) | (31.12) | (30.58) | (26.54) | (28.43) | (20.85) | (20.40) | (18.62) | (15.96) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (18.16) | (20.97) | (14.31) |
| Tax Provision | 0.00 | (0.55) | 0.00 | -- | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | 0.19 | 0.00 | 0.00 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | 0.32 | 0.21 | 0.00 |
| Net Income | (25.08) | (26.49) | (27.55) | (54.10) | (39.99) | (35.49) | (34.68) | (37.70) | (41.23) | (34.51) | (10.00) | (29.52) | (28.04) | (26.99) | (26.65) | (26.70) | (19.09) | (18.48) | (20.97) | (14.31) |
| Basic EPS | (0.26) | (0.28) | (0.30) | (0.58) | (0.43) | (0.39) | (0.38) | (0.42) | (0.46) | (0.32) | (0.12) | (0.48) | (0.46) | (0.45) | (0.44) | (0.44) | -- | -- | -- | -- |
| Diluted EPS | (0.26) | (0.28) | (0.30) | (0.58) | (0.43) | (0.39) | (0.38) | (0.42) | (0.46) | (0.32) | (0.12) | (0.48) | (0.46) | (0.45) | (0.44) | (0.44) | -- | -- | -- | -- |
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 | (26.98) | (20.82) | (25.18) | (28.26) | (36.72) | (35.47) | (32.66) | (32.87) | (37.20) | (21.38) | (28.79) | (15.18) | (27.94) | (25.04) | (22.38) | (21.87) | (21.67) | (21.39) | (14.97) | 3.84 |
| Capital Expenditures | 0.07 | (0.22) | 0.12 | 0.42 | 1.04 | 0.52 | 0.67 | 2.24 | 1.45 | 2.28 | 4.75 | 2.55 | 2.03 | 1.76 | 1.35 | 2.62 | 0.72 | 0.69 | 0.93 | 0.51 |
| Free Cash Flow* | (27.06) | (20.61) | (25.30) | (28.68) | (37.77) | (35.99) | (33.33) | (35.11) | (38.65) | (23.66) | (33.54) | (17.74) | (29.97) | (26.80) | (23.73) | (24.49) | (22.40) | (22.07) | (15.90) | 3.33 |
| Investing Cash Flow | 23.99 | 17.97 | 10.85 | 24.04 | 49.38 | 15.93 | 26.52 | 21.20 | 22.96 | (31.47) | (68.48) | 11.06 | 20.70 | 1.17 | (8.34) | (13.97) | (72.11) | (173.96) | -0.00 | (0.51) |
| Financing Cash Flow | 2.70 | 4.07 | 0.28 | 0.01 | 0.47 | 3.86 | 0.24 | 0.13 | 12.49 | (0.04) | 135.13 | 17.57 | 1.64 | 0.13 | 0.65 | 0.36 | 0.99 | 0.46 | 0.11 | 110.29 |
* Derived from reported values
