Financial Statements — FDMT
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 | 72.49 | 48.56 | 77.16 | 133.53 | 187.54 | 189.06 | 275.59 | 275.68 | 236.31 | 78.57 | 108.30 | 113.48 | 75.97 | 90.99 | 243.74 | 259.87 |
| Short-term Investments | 318.40 | 256.51 | 216.07 | 187.91 | 314.35 | 352.89 | 250.32 | 43.99 | 74.03 | 121.89 | 119.42 | 127.60 | 160.18 | -- | -- | -- |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.79 | 1.22 | 0.97 |
| Total Current Assets | 405.36 | 312.38 | 303.29 | 332.57 | 510.76 | 552.63 | 535.59 | 328.24 | 317.78 | 207.04 | 232.48 | 246.52 | 243.05 | 165.73 | 248.75 | 264.50 |
| Property, Plant & Equipment | 13.59 | 16.15 | 17.51 | 18.75 | 19.87 | 18.76 | 19.46 | 20.74 | 21.30 | 21.61 | 22.05 | 21.10 | 18.46 | 8.79 | 5.58 | 5.01 |
| Total Non-current Assets* | 107.54 | 111.61 | 170.35 | 183.16 | 93.27 | 67.48 | 94.30 | 33.37 | 34.73 | 36.98 | 47.69 | 56.41 | 81.88 | 74.89 | 6.18 | 5.61 |
| Total Assets | 512.91 | 423.98 | 473.64 | 515.73 | 604.03 | 620.12 | 629.88 | 361.61 | 352.50 | 244.02 | 280.16 | 302.94 | 324.93 | 240.62 | 254.93 | 270.11 |
| Accounts Payable | 14.69 | 6.86 | 8.70 | 4.15 | 2.92 | 3.43 | 4.22 | 4.71 | 3.49 | 2.41 | 1.48 | 3.32 | 2.68 | 3.71 | 1.96 | 1.28 |
| Total Current Liabilities | 43.40 | 37.11 | 34.68 | 26.90 | 29.47 | 19.40 | 16.40 | 18.16 | 13.75 | 11.28 | 13.56 | 14.33 | 12.09 | 11.37 | 9.87 | 13.92 |
| Total Non-current Liabilities* | 17.67 | 17.89 | 18.07 | 19.11 | 21.62 | 12.37 | 12.92 | 13.52 | 13.61 | 14.14 | 15.16 | 16.09 | 16.78 | 5.11 | 4.42 | 13.77 |
| Total Liabilities | 61.07 | 55.00 | 52.75 | 46.01 | 51.08 | 31.78 | 29.32 | 31.68 | 27.36 | 25.42 | 28.72 | 30.42 | 28.87 | 16.48 | 14.29 | 27.68 |
| Retained Earnings | (785.06) | (735.70) | (678.82) | (624.17) | (526.52) | (482.68) | (447.73) | (383.04) | (372.79) | (343.17) | (287.11) | (261.42) | (233.33) | (181.91) | (159.67) | (152.08) |
| Total Stockholder Equity | 451.84 | 368.98 | 420.89 | 469.72 | 552.95 | 588.34 | 600.56 | 329.93 | 325.14 | 218.61 | 251.44 | 272.52 | 296.06 | 224.13 | 240.65 | 242.43 |
* 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 | 3.05 | 85.09 | 0.09 | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 | 0.03 | (0.02) | 20.20 | 0.24 | 0.30 | 1.25 | 0.50 | 0.16 | 1.22 | 0.09 | 1.37 | 14.58 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 15.84 | 15.22 |
| Selling, General & Admin | 11.69 | 12.77 | 11.84 | 11.52 | 12.94 | 13.03 | 12.65 | 10.60 | 10.29 | 10.60 | 9.11 | 8.79 | 7.99 | 8.46 | 8.06 | 8.17 | 8.23 | 7.33 | 8.19 | 6.95 |
| Total Operating Expenses | 76.67 | 70.38 | 61.28 | 59.47 | 53.64 | 56.12 | 51.14 | 42.46 | 38.16 | 36.63 | 34.18 | 32.38 | 30.40 | 29.97 | 27.00 | 28.59 | 27.61 | 24.86 | 24.03 | 22.18 |
| Operating Income | (73.62) | 14.72 | (61.18) | (59.46) | (53.62) | (56.12) | (51.13) | (42.46) | (38.14) | (36.65) | (13.97) | (32.14) | (30.11) | (28.72) | (26.49) | (28.43) | (26.39) | (24.76) | (22.66) | (7.60) |
| Pretax Income* | (68.76) | 19.40 | (56.88) | (54.66) | (47.97) | (49.67) | (43.84) | (34.95) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (68.76) | 19.40 | (56.88) | (54.66) | (47.97) | (49.67) | (43.84) | (34.95) | (32.40) | (32.28) | (10.26) | (29.62) | (28.68) | (27.38) | (25.69) | (28.09) | (26.34) | (25.08) | (22.24) | (7.59) |
| Basic EPS | (1.01) | 0.43 | (1.01) | (0.98) | (0.86) | (0.90) | (0.79) | (0.63) | (0.66) | (0.69) | (0.24) | (0.77) | (0.88) | (0.84) | (0.79) | (0.87) | -- | -- | -- | -- |
| Diluted EPS | (1.01) | 0.43 | (1.01) | (0.98) | (0.86) | (0.90) | (0.79) | (0.63) | (0.66) | (0.69) | (0.24) | (0.77) | (0.88) | (0.84) | (0.79) | (0.87) | -- | -- | -- | -- |
* 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 | (68.12) | 28.55 | (46.50) | (43.38) | (47.76) | (45.86) | (29.39) | (30.24) | (29.09) | (24.65) | (1.17) | (22.06) | (27.91) | (22.21) | (21.02) | (19.90) | (23.55) | (21.84) | (15.72) | (16.20) |
| Capital Expenditures | -- | (0.07) | (0.09) | 0.07 | 0.63 | 0.95 | 1.78 | 0.35 | 0.71 | 0.55 | 0.41 | 0.81 | 1.01 | 1.09 | 1.96 | 2.07 | 6.41 | 5.10 | 2.64 | 0.74 |
| Free Cash Flow* | -- | 28.62 | (46.41) | (43.44) | (48.39) | (46.81) | (31.17) | (30.59) | (29.80) | (25.20) | (1.58) | (22.87) | (28.92) | (23.31) | (22.98) | (21.97) | (29.96) | (26.93) | (18.36) | (16.94) |
| Investing Cash Flow | 68.89 | (128.85) | 17.78 | (13.85) | 31.95 | 7.06 | 27.30 | (73.54) | (263.26) | (6.68) | 29.98 | 49.29 | 43.13 | (35.78) | 15.37 | 57.47 | (54.11) | (32.29) | (139.01) | (0.74) |
| Financing Cash Flow | 11.48 | 111.98 | 0.12 | 0.86 | -- | 0.60 | 0.57 | 17.25 | 318.83 | 4.76 | 10.56 | 130.52 | 10.99 | 2.05 | 0.46 | (0.05) | 0.63 | 116.14 | 1.98 | 0.82 |
* Derived from reported values