Financial Statements — FATE
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 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.12 | 0.03 | 0.05 | 0.04 | 0.08 | 0.06 | 0.06 | 0.13 | 0.08 | 0.11 |
| Short-term Investments | 0.14 | 0.17 | 0.18 | 0.20 | 0.26 | 0.27 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Assets | 0.18 | 0.22 | 0.23 | 0.25 | 0.31 | 0.32 | 0.39 | 0.36 | 0.39 | 0.44 | 0.54 | 0.60 | 0.60 | 0.69 | 0.71 | 0.80 |
| Property, Plant & Equipment | 0.05 | 0.06 | 0.06 | 0.06 | 0.08 | 0.09 | 0.09 | 0.10 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.07 | 0.06 | 0.05 |
| Total Non-current Assets* | 0.11 | 0.12 | 0.14 | 0.15 | 0.18 | 0.21 | 0.18 | 0.18 | 0.19 | 0.19 | 0.21 | 0.21 | 0.26 | 0.29 | 0.30 | 0.24 |
| Total Assets | 0.28 | 0.34 | 0.37 | 0.40 | 0.49 | 0.53 | 0.57 | 0.54 | 0.58 | 0.63 | 0.75 | 0.81 | 0.86 | 0.98 | 1.02 | 1.05 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.05 | 0.04 | 0.04 | 0.05 | 0.10 | 0.09 | 0.08 | 0.09 | 0.11 | 0.09 |
| Total Non-current Liabilities* | 0.07 | 0.08 | 0.08 | 0.08 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.13 | 0.14 | 0.15 | 0.16 | 0.16 | 0.16 |
| Total Liabilities* | 0.11 | 0.11 | 0.11 | 0.11 | 0.13 | 0.13 | 0.14 | 0.14 | 0.15 | 0.15 | 0.23 | 0.23 | 0.22 | 0.25 | 0.26 | 0.26 |
| Retained Earnings | (1.57) | (1.50) | (1.47) | (1.44) | (1.35) | (1.30) | (1.26) | (1.17) | (1.12) | (1.07) | (0.99) | (0.91) | (0.83) | (0.70) | (0.66) | (0.60) |
| Total Stockholder Equity | 0.18 | 0.23 | 0.26 | 0.29 | 0.36 | 0.40 | 0.43 | 0.40 | 0.44 | 0.48 | 0.52 | 0.58 | 0.63 | 0.73 | 0.75 | 0.79 |
* 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 | 1.30 | 1.37 | 1.74 | 1.91 | 1.63 | 1.86 | 3.07 | 6.77 | 1.93 | 1.68 | 1.94 | 0.93 | 58.98 | 44.36 | 14.98 | 18.55 | 18.41 | 17.07 | 14.23 | 13.41 |
| Research & Development | 24.70 | 25.43 | 25.84 | 27.43 | 29.14 | 33.61 | 34.65 | 34.60 | 32.14 | 31.82 | 34.28 | 40.88 | 65.63 | 87.19 | 79.82 | 81.31 | 72.14 | 69.51 | 53.13 | 48.02 |
| Selling, General & Admin | 9.60 | 10.67 | 10.64 | 11.45 | 13.77 | 15.26 | 20.80 | 17.25 | 20.86 | 17.93 | 18.95 | 22.62 | 21.94 | 21.58 | 21.56 | 20.35 | 20.74 | 16.93 | 15.72 | 12.17 |
| Total Operating Expenses | 34.30 | 36.09 | 36.48 | 38.88 | 42.91 | 63.61 | 55.45 | 51.86 | 52.99 | 49.75 | 53.22 | 63.50 | 87.57 | 108.78 | 101.37 | 101.66 | 92.88 | 86.45 | 68.85 | 60.19 |
| Operating Income | (33.00) | (34.72) | (34.73) | (36.97) | (41.28) | (61.75) | (52.38) | (45.08) | (51.07) | (48.07) | (51.28) | (62.56) | (28.59) | (64.42) | (86.39) | (83.11) | (74.47) | (69.38) | (54.62) | (46.78) |
| Net Income | (31.21) | (32.37) | (32.25) | (34.07) | (37.62) | (52.15) | (47.68) | (38.43) | (48.00) | (44.12) | (45.17) | (52.75) | (18.88) | (56.36) | (83.56) | (76.10) | (65.69) | (68.62) | (43.31) | (55.13) |
| Basic EPS | (0.26) | (0.27) | (0.27) | (0.29) | (0.32) | (0.44) | (0.40) | (0.33) | (0.47) | (0.45) | (0.46) | (0.54) | (0.19) | (0.58) | (0.86) | (0.79) | -- | -- | -- | -- |
| Diluted EPS | (0.26) | (0.27) | (0.27) | (0.29) | (0.32) | (0.44) | (0.40) | (0.33) | (0.47) | (0.45) | (0.46) | (0.54) | (0.19) | (0.58) | (0.86) | (0.79) | -- | -- | -- | -- |
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 | (30.82) | (23.31) | (24.37) | (24.59) | (33.81) | (27.80) | (29.42) | (32.31) | (33.35) | (36.64) | (38.27) | (28.49) | (28.86) | (75.39) | (55.05) | (53.16) | (64.61) | (70.29) | (33.37) | (32.11) |
| Capital Expenditures | 0.24 | 1.19 | 2.20 | 1.36 | 1.20 | 0.10 | 0.50 | 0.05 | 0.09 | 0.18 | 0.56 | 2.20 | 3.21 | 6.68 | 8.68 | 10.13 | 10.08 | 18.37 | 14.74 | 13.62 |
| Free Cash Flow* | (31.06) | (24.51) | (26.58) | (25.95) | (35.01) | (27.90) | (29.91) | (32.36) | (33.44) | (36.82) | (38.84) | (30.69) | (32.07) | (82.07) | (63.72) | (63.29) | (74.70) | (88.66) | (48.11) | (45.72) |
| Investing Cash Flow | 23.59 | 27.63 | 21.27 | 19.59 | 42.67 | 22.82 | 25.46 | (53.37) | 17.31 | 45.35 | 24.81 | 33.17 | 9.34 | 53.11 | 80.38 | 40.29 | (7.03) | 71.28 | 77.96 | (1.37) |
| Financing Cash Flow | -- | 1.69 | 2.48 | 1.33 | 0.00 | 3.13 | 0.00 | 1.27 | 95.49 | (0.18) | 0.00 | 0.06 | 0.21 | 1.52 | 1.49 | 3.41 | 2.80 | 3.42 | 7.94 | 3.72 |
* Derived from reported values
