Financial Statements — CRVO
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 | 7.94 | 9.44 | 8.32 | 10.50 | 7.74 | 10.01 | 6.37 | 10.42 | 15.00 | 14.65 | 6.59 | 5.97 | 9.87 | 40.34 | 43.31 | 46.63 |
| Short-term Investments | 4.98 | 17.86 | 25.21 | 24.74 | 38.91 | 35.08 | -- | -- | 0.00 | 2.99 | 19.27 | 22.57 | 22.68 | -- | -- | -- |
| Total Current Assets | 15.11 | 30.61 | 38.08 | 38.58 | 48.81 | 47.33 | 7.97 | 11.84 | -- | 18.40 | 26.32 | 29.18 | 33.57 | 40.72 | 43.86 | 47.31 |
| Property, Plant & Equipment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.08 | 0.10 | 0.12 |
| Total Non-current Assets* | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 5.86 | 0.03 | 0.19 | -- | -- | 0.00 | 0.00 | 0.00 | 0.17 | 8.85 | 8.90 |
| Total Assets | 15.11 | 30.61 | 38.08 | 38.58 | 48.88 | 53.19 | 8.00 | 12.04 | 15.69 | -- | 26.32 | 29.18 | 33.57 | 40.88 | 52.71 | 56.21 |
| Accounts Payable | 2.27 | 1.35 | 1.85 | 1.86 | 1.08 | 0.73 | 0.68 | 0.53 | 0.93 | 0.97 | 0.81 | 0.85 | 0.81 | 0.68 | 0.75 | 0.95 |
| Total Current Liabilities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.27 | 2.52 | 2.96 | 2.75 | 2.10 | 2.11 |
| Total Non-current Liabilities* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.44 | 0.45 |
| Total Liabilities* | 4.50 | 4.60 | 4.64 | 3.94 | 3.25 | 3.21 | 2.66 | 2.46 | 1.46 | 2.13 | 2.27 | 2.52 | 2.96 | 2.75 | 2.54 | 2.57 |
| Retained Earnings | (105.66) | (89.61) | (81.88) | (75.63) | (64.03) | (59.27) | (56.96) | (52.08) | (151.80) | (149.69) | (141.52) | (138.72) | (134.53) | (126.53) | (114.33) | (110.55) |
| Total Stockholder Equity | 10.62 | 26.01 | 33.44 | 34.63 | 45.64 | 49.98 | 5.34 | 9.57 | 14.23 | 16.28 | 24.05 | 26.67 | 30.62 | 38.13 | 50.17 | 53.65 |
* 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 | 0.01 | 0.32 | 1.76 | 1.92 | 2.16 | 1.94 | 3.29 | 2.35 | 2.49 | 1.53 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 5.14 | 5.83 | 6.04 | 5.11 | 4.84 | 7.09 | 5.13 | 3.77 | 2.81 | 5.27 | 1.79 | 0.07 | 1.31 | 1.90 | 0.80 | 2.11 | 2.43 | 1.50 | 2.11 | 1.97 |
| Selling, General & Admin | 2.98 | 2.51 | 2.33 | 3.27 | 2.38 | 2.32 | 2.21 | 2.51 | 2.13 | (1.07) | 2.41 | 2.22 | 2.96 | 2.34 | 2.12 | 2.14 | 2.13 | 1.93 | 1.93 | 1.84 |
| Total Operating Expenses | 8.11 | 8.34 | 8.37 | 8.37 | 7.22 | 9.40 | 7.34 | 6.28 | 4.94 | 4.97 | 4.20 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (8.11) | (8.33) | (8.04) | (6.62) | (5.30) | (7.24) | (5.40) | (3.00) | (2.59) | 1.42 | (2.68) | (2.29) | (4.27) | (4.25) | (2.92) | (4.25) | (4.55) | (12.83) | (12.69) | (3.83) |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (4.08) | (2.80) | -- | -- | (3.47) | (12.64) | (3.78) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- | -- | 0.00 | (0.44) | 0.00 |
| Net Income | (7.96) | (8.09) | (7.73) | (6.26) | (4.89) | (6.71) | (4.75) | (2.32) | (2.51) | 1.88 | 2.15 | (2.11) | (4.09) | (4.08) | (2.80) | (4.19) | (4.53) | (3.47) | (12.20) | (3.78) |
| Basic EPS | (0.86) | (0.88) | (0.84) | (0.70) | (0.56) | (0.79) | (0.55) | (0.27) | (0.41) | 1.52 | 0.65 | (1.04) | (1.95) | (2.00) | (1.37) | (2.06) | (2.22) | (0.03) | (0.12) | (0.04) |
| Diluted EPS | -- | -- | -- | -- | -- | -- | (0.55) | -- | -- | -- | (0.70) | -- | -- | -- | -- | -- | -- | (189,601,394.00) | 101,903,979.00 | 101,903,979.00 |
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 | (8.02) | (6.58) | (6.47) | (6.51) | (3.89) | (8.05) | (4.85) | (2.20) | (1.42) | (2.54) | 2.70 | (2.65) | (4.97) | (3.47) | (2.76) | (4.01) | (4.73) | (3.03) | (2.97) | (3.33) |
| Investing Cash Flow | 7.71 | 5.37 | 7.58 | (0.25) | 5.40 | 9.31 | 2.60 | (40.57) | -- | -- | -- | 3.00 | 9.50 | 7.00 | 3.38 | 0.10 | (22.72) | -- | -- | -- |
| Financing Cash Flow | 0.01 | 0.00 | 0.00 | 4.59 | -- | 0.00 | (0.01) | 46.41 | -- | (0.09) | 11.24 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
