Financial Statements — CREG
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 | 158.79 | 131.88 | 131.11 | 129.60 | 69.12 | -- | -- | -- | -- | -- | -- | -- | -- | 149.52 | 150.99 | 144.07 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | 68.77 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 1,095.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.31 |
| Total Current Assets | 158.86 | 132.14 | 131.34 | 129.86 | 137.51 | 135.34 | 136.13 | 134.72 | 133.94 | 140.93 | 137.30 | 145.34 | 153.73 | 150.63 | 151.25 | 144.65 |
| Property, Plant & Equipment | 0.00 | 0.76 | 0.78 | 0.79 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -- |
| Intangible Assets | 0.74 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets | 0.79 | 0.84 | 0.87 | 0.89 | 0.14 | 0.16 | 0.17 | 0.00 | 0.00 | 0.00 | 0.10 | 0.12 | 0.14 | 0.17 | 0.18 | 28.90 |
| Total Assets | 159.65 | 132.97 | 132.21 | 130.75 | 137.65 | 135.50 | 136.30 | 134.73 | 133.94 | 140.94 | 137.40 | 145.45 | 153.87 | 150.80 | 151.43 | 173.55 |
| Accounts Payable | 3.16 | 3.00 | 0.12 | 0.12 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 |
| Short-term Debt | -- | -- | -- | -- | -- | 0.07 | 0.50 | 0.07 | 0.50 | 1.50 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 8.59 | 14.73 | 12.74 | 13.04 | 24.00 | 23.81 | 23.66 | 23.27 | 23.28 | 24.10 | 21.30 | 21.68 | 22.34 | 10.70 | 11.99 | 38.56 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 22.20 |
| Total Non-current Liabilities | 3.35 | 0.03 | 3.38 | 3.41 | 3.41 | 3.44 | 3.47 | 3.96 | 3.96 | 3.96 | 4.57 | 4.60 | 4.60 | 6.01 | 6.01 | 6.00 |
| Total Liabilities | 11.94 | 14.75 | 16.12 | 16.45 | 27.42 | 27.25 | 27.13 | 27.22 | 27.24 | 28.06 | 25.86 | 26.27 | 26.94 | 16.71 | 18.00 | 44.56 |
| Retained Earnings | (65.50) | (64.49) | (64.19) | (62.94) | (61.45) | (61.19) | (60.78) | (60.27) | (60.08) | (59.82) | (56.38) | (55.93) | (55.70) | (41.66) | (41.10) | (43.31) |
| Total Stockholder Equity | 147.71 | 118.22 | 116.09 | 114.30 | 110.24 | 108.25 | 109.17 | 107.50 | 106.71 | 112.87 | 111.53 | 119.18 | 126.94 | 134.09 | 133.43 | 128.99 |
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 | 0.11 | 0.09 | 0.09 | 0.06 | 0.02 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 0.05 | 0.05 | 0.05 | 0.04 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 0.05 | 0.04 | 0.04 | 0.03 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 0.59 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 1.00 | -- | 1.00 | -- |
| Selling, General & Admin | -- | 0.65 | 0.26 | 1.05 | 1.17 | 0.35 | 0.19 | 0.35 | 0.21 | 0.19 | 0.15 | 0.37 | 0.08 | 1.05 | 0.17 | 0.19 | 0.20 | 0.04 | 0.38 | 0.15 |
| Total Operating Expenses | 0.59 | 0.65 | 0.26 | 1.05 | 1.17 | 0.35 | 0.19 | 0.35 | 0.21 | 0.19 | 0.15 | 0.37 | 0.08 | 3.33 | 0.17 | 0.19 | 0.20 | 0.04 | 0.38 | 0.11 |
| Operating Income | (0.54) | (0.61) | (0.21) | (1.03) | (1.16) | (0.35) | (0.19) | (0.35) | (0.21) | (0.19) | (0.15) | (0.37) | (0.08) | (3.33) | (0.17) | (0.19) | (0.20) | (0.04) | (0.38) | (0.11) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.34) | -- | 0.11 | 0.11 | -- | 0.34 | 0.11 | 0.12 | 1.89 | 0.17 | 0.96 |
| Pretax Income | (0.47) | (0.47) | (0.30) | (1.24) | (0.85) | (0.61) | (0.26) | (0.41) | (0.27) | (0.23) | (0.15) | (0.19) | (0.08) | (3.31) | (0.43) | (0.22) | (0.42) | (13.58) | (0.55) | 2.12 |
| Tax Provision | 0.07 | 0.00 | 0.00 | 0.00 | 0.03 | -0.00 | -0.00 | -0.00 | 0.01 | -0.00 | 0.03 | 0.06 | 0.00 | -- | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 | (0.10) |
| Net Income | (0.55) | (0.47) | (0.30) | (1.24) | (0.88) | (0.61) | (0.26) | (0.41) | (0.28) | (0.23) | (0.18) | (0.25) | (0.09) | (3.34) | (0.45) | (0.22) | (0.44) | (13.62) | (0.56) | 2.22 |
| Basic EPS | (0.03) | 0.03 | (0.08) | (0.05) | (0.09) | (0.07) | (0.03) | (0.05) | (0.03) | (0.04) | (0.02) | (0.03) | (0.01) | (0.46) | (0.06) | (0.03) | (0.06) | (2.40) | -- | -- |
| Diluted EPS | (0.03) | 0.03 | (0.08) | (0.05) | (0.09) | (0.07) | (0.03) | (0.05) | (0.03) | (0.04) | (0.02) | (0.03) | (0.01) | (0.46) | (0.06) | (0.03) | (0.06) | (2.40) | -- | -- |
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 | (0.13) | 2.47 | (0.05) | (0.13) | 64.63 | (10.43) | (0.08) | (0.06) | (0.18) | 0.16 | 0.78 | (68.97) | (0.07) | (0.04) | (0.14) | (0.13) | (0.04) | (0.03) | (0.90) | 0.14 |
| Capital Expenditures | -- | -- | 0.78 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | -- | -- | (0.84) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | 156.84 | (154.68) | 0.00 | 0.00 | 55.20 | (57.47) | (0.04) | (0.02) | 68.56 | -- | -- | 71.08 | (141.07) | -- | -- | -- | -- | -- | -- | -- |
| Financing Cash Flow | -- | 22.27 | 0.00 | 0.00 | 9.87 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -0.00 | 4.31 |
* Derived from reported values
