Financial Statements — CRVS
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 | 40.10 | 2.87 | 14.69 | 5.00 | 4.68 | 14.84 | 7.46 | 20.11 | 7.66 | 9.65 | 24.59 | 28.48 | 31.46 | 72.30 | 58.92 | 45.10 |
| Accounts Receivable | 0.04 | 0.03 | 0.09 | 0.08 | 0.07 | 0.04 | 0.03 | 0.01 | 0.59 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 239.95 | 66.94 | 75.78 | 45.49 | 42.92 | 48.26 | 22.85 | 33.09 | 37.91 | 35.55 | 51.27 | 58.89 | 64.37 | 78.76 | 69.12 | 68.81 |
| Property, Plant & Equipment | 0.28 | 0.22 | 0.25 | 0.17 | 0.17 | 0.19 | 0.21 | 0.26 | 0.29 | 0.33 | 0.45 | 0.53 | 0.36 | 0.54 | 0.65 | 0.77 |
| Total Non-current Assets* | 13.25 | 13.53 | 13.68 | 13.95 | 15.89 | 16.30 | 17.23 | 18.85 | 20.13 | 22.65 | 29.08 | 33.66 | 36.92 | 40.57 | 40.27 | 40.43 |
| Total Assets | 253.20 | 80.47 | 89.46 | 59.44 | 58.82 | 64.56 | 40.08 | 51.94 | 58.04 | 58.20 | 80.35 | 92.54 | 101.29 | 119.32 | 109.39 | 109.24 |
| Accounts Payable | 4.70 | 1.97 | 3.14 | 1.31 | 1.87 | 1.21 | 1.61 | 1.40 | 2.10 | 1.41 | 4.23 | 2.65 | 2.19 | 2.33 | 2.87 | 4.91 |
| Total Current Liabilities | 12.11 | 8.07 | 8.51 | 9.28 | 46.41 | 13.34 | 6.72 | 7.30 | 7.86 | 8.29 | 13.98 | 10.16 | 9.27 | 11.31 | 12.36 | 13.92 |
| Total Non-current Liabilities* | 0.41 | 0.63 | 0.73 | 0.83 | 0.00 | 0.00 | 0.00 | 0.35 | 0.70 | 1.04 | 1.69 | 2.00 | 2.30 | 2.87 | 0.63 | 0.94 |
| Total Liabilities | 12.52 | 8.71 | 9.23 | 10.11 | 46.41 | 13.34 | 6.72 | 7.65 | 8.56 | 9.33 | 15.67 | 12.16 | 11.57 | 14.18 | 12.99 | 14.85 |
| Retained Earnings | (425.98) | (399.97) | (389.81) | (381.82) | (384.90) | (344.68) | (340.42) | (328.06) | (322.06) | (315.56) | (297.87) | (283.04) | (274.68) | (257.14) | (246.47) | (234.72) |
| Total Stockholder Equity | 240.68 | 71.77 | 80.23 | 49.33 | 12.41 | 51.23 | 33.36 | 44.29 | 49.48 | 48.87 | 64.68 | 80.39 | 89.72 | 105.15 | 96.40 | 94.39 |
* 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 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Research & Development | 11.18 | 9.94 | 8.45 | 7.87 | 7.45 | 5.97 | 5.22 | 4.11 | 4.08 | 4.00 | 3.97 | 3.97 | 4.59 | 10.37 | 4.92 | 5.10 | 4.08 | 6.99 | 9.11 | 8.23 |
| Selling, General & Admin | 3.70 | 2.28 | 2.12 | 2.39 | 2.47 | 2.13 | 2.03 | 1.82 | 2.18 | 1.65 | 1.60 | 1.65 | 1.98 | 2.11 | 2.09 | 2.31 | 1.59 | 2.06 | 2.18 | 3.25 |
| Total Operating Expenses | 14.88 | 12.22 | 10.57 | 10.26 | 9.92 | 8.11 | 7.26 | 5.94 | 6.25 | 5.65 | 5.56 | 5.62 | 6.57 | 12.47 | 7.01 | 7.41 | 5.67 | 9.05 | 11.29 | 11.48 |
| Operating Income | (14.88) | (12.22) | (10.57) | (10.26) | (9.92) | (8.10) | (7.25) | (5.93) | (6.25) | (5.65) | (5.56) | (5.62) | (6.57) | (12.47) | (7.01) | (7.41) | (5.67) | (9.05) | (11.29) | (11.48) |
| Pretax Income | (13.09) | (11.61) | (9.83) | (7.61) | 15.73 | (9.94) | (39.53) | (3.68) | (5.94) | (10.53) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.00 | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (13.69) | (12.32) | (10.16) | (8.00) | 15.19 | (12.11) | (40.22) | (4.26) | (5.70) | (6.65) | (6.00) | (6.50) | (7.87) | (14.83) | (8.36) | (8.30) | (9.82) | (10.67) | (11.75) | (11.58) |
| Basic EPS | (0.15) | (0.18) | (0.12) | (0.10) | 0.21 | (0.23) | (0.60) | (0.07) | (0.12) | (0.13) | (0.12) | (0.14) | (0.17) | (0.32) | (0.18) | (0.18) | (0.21) | -- | -- | -- |
| Diluted EPS | (0.15) | (0.18) | (0.12) | (0.10) | (0.13) | (0.23) | (0.60) | (0.07) | (0.12) | (0.13) | (0.12) | (0.14) | (0.17) | (0.26) | (0.18) | (0.18) | (0.27) | -- | -- | -- |
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 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | (10.37) | (9.19) | (9.57) | (5.78) | (8.26) | (8.46) | (6.32) | (5.48) | (5.16) | (5.17) | (5.43) | (5.22) | (8.11) | (6.93) | (6.12) | (6.42) | (6.86) | (8.43) | (12.65) | (8.79) |
| Capital Expenditures | 0.09 | 0.03 | 0.00 | 0.11 | 0.04 | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.03 | 0.27 | 0.00 | -- | -- | -- | -- | -- |
| Free Cash Flow* | (10.46) | (9.22) | (9.57) | (5.89) | (8.30) | -- | -- | -- | -- | (5.17) | (5.43) | (5.22) | (8.14) | (7.19) | (6.13) | -- | -- | -- | -- | -- |
| Investing Cash Flow | (144.85) | 10.88 | (2.62) | (20.30) | 4.24 | (6.08) | (3.89) | (17.50) | (0.01) | (2.32) | 17.55 | (4.29) | 4.60 | 3.04 | 3.14 | (25.57) | (2.00) | 3.47 | 15.24 | 4.85 |
| Financing Cash Flow | 190.75 | 0.02 | 0.36 | 35.77 | 0.28 | 18.61 | 0.05 | 30.37 | -- | 0.00 | 0.34 | 7.52 | 0.00 | -- | -- | -- | 0.02 | 18.33 | 11.22 | 32.59 |
* Derived from reported values
