Financial Statements — CRNX
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 | 0.11 | 0.11 | 0.05 | 0.09 | 0.32 | 0.30 | 0.40 | 0.14 | 0.04 | 0.04 | 0.03 | 0.06 | 0.15 | 0.16 | 0.18 | 0.11 |
| Short-term Investments | 1.18 | 0.98 | 1.14 | 1.18 | 0.55 | 0.56 | 0.51 | 0.41 | 0.22 | 0.25 | 0.34 | 0.35 | 0.17 | 0.03 | 0.02 | 0.05 |
| Accounts Receivable | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 1.32 | 1.12 | 1.22 | 1.29 | 0.88 | 0.87 | 0.92 | 0.58 | 0.28 | 0.31 | 0.38 | 0.42 | 0.33 | 0.20 | 0.21 | 0.16 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 0.08 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | 0.07 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Assets | 1.40 | 1.20 | 1.29 | 1.36 | 0.94 | 0.94 | 0.98 | 0.64 | 0.29 | 0.31 | 0.38 | 0.42 | 0.33 | 0.21 | 0.22 | 0.16 |
| Accounts Payable | 0.04 | 0.03 | 0.04 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.07 | 0.07 | 0.07 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 |
| Total Non-current Liabilities* | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.12 | 0.12 | 0.12 | 0.11 | 0.10 | 0.10 | 0.10 | 0.09 | 0.04 | 0.03 | 0.03 | 0.04 | 0.03 | 0.02 | 0.02 | 0.01 |
| Retained Earnings | (1.55) | (1.29) | (1.16) | (1.05) | (0.87) | (0.79) | (0.72) | (0.59) | (0.54) | (0.49) | (0.39) | (0.35) | (0.31) | (0.24) | (0.22) | (0.19) |
| Total Stockholder Equity | 1.28 | 1.07 | 1.17 | 1.25 | 0.83 | 0.83 | 0.87 | 0.55 | 0.25 | 0.28 | 0.35 | 0.39 | 0.30 | 0.19 | 0.20 | 0.15 |
* 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 | 10.73 | 6.16 | 0.14 | 1.03 | 0.36 | 0.00 | 0.00 | 0.40 | 0.64 | -- | 0.35 | 0.99 | 2.68 | (4.03) | 0.46 | 0.44 | 3.13 | 1.08 | 0.00 | -- |
| Cost of Revenue* | 0.20 | -- | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 10.53 | -- | -- | -- | 0.36 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 100.08 | 85.05 | 90.46 | 80.30 | 76.24 | 66.57 | 61.91 | 58.34 | 53.34 | 45.58 | 43.84 | 40.64 | 38.47 | 36.99 | 31.99 | 32.99 | 28.25 | 24.60 | 21.58 | 20.49 |
| Selling, General & Admin | 50.83 | -- | 52.27 | 49.84 | 35.53 | 28.18 | 25.89 | 24.84 | 20.83 | 17.08 | 15.48 | 13.34 | 12.19 | 11.27 | 11.93 | 10.49 | 8.71 | 7.36 | 6.23 | 5.60 |
| Total Operating Expenses | 150.91 | 138.75 | 142.73 | 130.14 | 111.77 | 94.75 | 87.80 | 83.18 | 74.17 | 62.66 | 59.32 | 53.98 | 50.66 | 48.27 | 43.91 | 43.48 | 36.96 | 31.97 | 27.81 | 26.09 |
| Operating Income | (140.38) | (133.67) | (142.59) | (129.11) | (111.40) | (94.74) | (87.80) | (82.78) | (73.53) | (62.66) | (58.98) | (52.99) | (47.98) | (47.56) | (43.45) | (43.04) | (33.83) | (30.89) | (27.81) | (26.09) |
| Pretax Income | -- | (122.63) | (130.09) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (127.84) | (122.81) | (130.09) | (115.64) | (96.77) | (80.59) | (76.83) | (74.06) | (66.93) | (60.10) | (57.46) | (50.98) | (45.99) | (44.99) | (41.92) | (42.37) | (34.63) | (30.79) | (27.85) | (26.09) |
| Basic EPS | (1.23) | (1.30) | (1.38) | (1.23) | (1.04) | (0.86) | (0.96) | (0.94) | (0.93) | (0.89) | (1.01) | (0.94) | (0.85) | (0.83) | (0.78) | (0.81) | -- | -- | -- | -- |
| Diluted EPS | (1.23) | (1.30) | (1.38) | (1.23) | (1.04) | (0.86) | (0.96) | (0.94) | (0.93) | (0.89) | (1.01) | (0.94) | (0.85) | (0.83) | (0.78) | (0.81) | -- | -- | -- | -- |
* Derived from reported values
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 | (124.70) | (92.90) | (110.72) | (85.85) | (88.45) | (64.67) | (62.82) | (45.62) | (52.86) | (38.51) | (41.34) | (45.73) | (40.72) | (35.21) | (38.48) | (27.98) | (13.54) | (22.90) | (25.67) | (19.95) |
| Capital Expenditures | 0.82 | 0.46 | 0.86 | 3.20 | 1.24 | 1.03 | 0.53 | 0.96 | 1.33 | 0.94 | 3.50 | 0.24 | 0.02 | 0.27 | 0.68 | 0.61 | 0.09 | 0.02 | 0.14 | 0.16 |
| Free Cash Flow* | (125.52) | (93.36) | (111.58) | (89.05) | (89.69) | (65.70) | (63.35) | (46.57) | (54.19) | (39.45) | (44.84) | (45.97) | (40.73) | (35.48) | (39.16) | (28.59) | (13.63) | (22.92) | (25.81) | (20.11) |
| Investing Cash Flow | (252.36) | 57.11 | 164.81 | 37.95 | (85.96) | (542.09) | 20.60 | (53.64) | 0.31 | (87.31) | (193.30) | 31.44 | 48.76 | 36.85 | 6.82 | (174.27) | (43.38) | (101.80) | (7.02) | 19.84 |
| Financing Cash Flow | 389.88 | 26.04 | 3.08 | 7.06 | 4.44 | 554.04 | 57.33 | 5.50 | 393.57 | 37.92 | 337.88 | 12.66 | 0.48 | 0.12 | 1.08 | 118.99 | 1.78 | 163.86 | 15.46 | 73.30 |
* Derived from reported values