Financial Statements — FHTX
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 | 87.66 | 89.33 | 72.57 | 61.03 | 57.68 | 138.95 | 79.25 | 70.31 | 57.70 | 50.64 | 87.60 | 61.21 | 213.65 | 57.84 | 125.17 | 66.45 |
| Total Current Assets | 188.06 | 184.12 | 203.84 | 225.42 | 271.23 | 289.62 | 211.52 | 265.44 | 290.49 | 320.70 | 377.76 | 400.07 | 429.82 | 123.95 | 144.67 | 165.32 |
| Property, Plant & Equipment | 1.71 | 8.66 | 9.51 | 10.35 | 10.51 | 10.76 | 12.19 | 13.79 | 14.61 | 15.23 | 15.94 | 16.46 | 16.94 | 18.35 | 19.00 | 19.49 |
| Total Non-current Assets* | 34.10 | 20.85 | 22.39 | 33.28 | 37.14 | 38.96 | 43.48 | 47.98 | 49.08 | 52.18 | 56.17 | 56.83 | 58.48 | 62.12 | 63.85 | 64.57 |
| Total Assets | 222.17 | 204.96 | 226.24 | 258.69 | 308.37 | 328.59 | 255.00 | 313.42 | 339.58 | 372.88 | 433.93 | 456.90 | 488.31 | 186.07 | 208.53 | 229.89 |
| Accounts Payable | 3.32 | 3.21 | 3.32 | 4.07 | 3.45 | 4.81 | 5.63 | 6.50 | 6.93 | 7.29 | 5.26 | 3.64 | 5.07 | 3.82 | 3.41 | 2.91 |
| Total Current Liabilities | 64.40 | 85.09 | 77.79 | 71.31 | 56.82 | 50.87 | 52.07 | 52.01 | 56.64 | 55.80 | 55.21 | 47.97 | 48.24 | 19.30 | 16.41 | 16.33 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 19.91 | 19.83 | 19.74 |
| Total Non-current Liabilities* | 234.17 | 209.53 | 225.11 | 249.03 | 279.83 | 292.04 | 300.43 | 318.80 | 332.29 | 341.67 | 354.40 | 361.30 | 367.66 | 85.79 | 87.92 | 88.39 |
| Total Liabilities | 298.58 | 294.62 | 302.90 | 320.34 | 336.66 | 342.91 | 352.49 | 370.81 | 388.93 | 397.47 | 409.61 | 409.27 | 415.90 | 105.09 | 104.34 | 104.72 |
| Retained Earnings | (652.34) | (610.80) | (594.95) | (577.02) | (538.68) | (519.56) | (496.58) | (447.46) | (433.11) | (403.63) | (344.25) | (318.48) | (291.17) | (235.11) | (209.03) | (185.92) |
| Total Stockholder Equity | (76.41) | (89.66) | (76.66) | (61.65) | (28.29) | (14.32) | (97.49) | (57.39) | (49.35) | (24.59) | 24.32 | 47.63 | 72.40 | 80.98 | 104.19 | 125.16 |
* 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 | 3.27 | 9.25 | 8.15 | 7.56 | 5.95 | 2.86 | 7.81 | 6.89 | 5.05 | 5.77 | 17.48 | 5.60 | 5.31 | 4.18 | 6.63 | 4.49 | 3.92 | 0.71 | 0.04 | 0.28 |
| Research & Development | 18.26 | 22.05 | 20.00 | 21.79 | 21.63 | 20.51 | 24.69 | 23.80 | 25.53 | 24.21 | 26.25 | 29.25 | 29.99 | 28.21 | 26.93 | 25.97 | 24.51 | 22.46 | 20.49 | 18.64 |
| Selling, General & Admin | 6.58 | 6.80 | 6.65 | 6.86 | 7.24 | 6.35 | 6.97 | 7.33 | 7.71 | 7.02 | 8.31 | 8.40 | 8.64 | 7.86 | 7.97 | 7.70 | 7.22 | 6.33 | 5.81 | 4.90 |
| Total Operating Expenses | 24.84 | 33.13 | 26.65 | 28.65 | 28.87 | 26.86 | 31.66 | 33.52 | 33.24 | 31.23 | 34.56 | 37.65 | 38.63 | 36.07 | 34.89 | 33.68 | 31.72 | 28.80 | 26.30 | 23.54 |
| Operating Income | (21.57) | (23.88) | (18.50) | (21.10) | (22.91) | (24.00) | (23.85) | (26.63) | (28.19) | (25.46) | (17.08) | (32.05) | (33.32) | (31.89) | (28.26) | (29.19) | (27.80) | (28.08) | (26.26) | (23.26) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.43 | 0.50 | 0.50 |
| Pretax Income | -- | -- | -- | -- | -- | (19.50) | (19.12) | (22.98) | (25.02) | (22.12) | (13.61) | (28.54) | (29.93) | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 1.99 | 0.74 | 0.94 | 0.56 | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (19.87) | (21.66) | (15.85) | (17.94) | (18.83) | (19.50) | (19.12) | (22.98) | (25.02) | (24.11) | (14.34) | (29.49) | (30.49) | (28.89) | (25.77) | (27.31) | (26.91) | (29.14) | (26.08) | (23.11) |
| Basic EPS | (0.29) | (0.35) | (0.25) | (0.28) | (0.30) | (0.23) | (0.31) | (0.45) | (0.59) | (0.57) | (0.34) | (0.70) | (0.73) | (0.69) | (0.62) | (0.66) | (0.65) | (0.77) | (0.71) | (0.63) |
| Diluted EPS | (0.29) | (0.35) | (0.25) | (0.28) | (0.30) | (0.23) | (0.31) | (0.45) | (0.59) | (0.57) | (0.34) | (0.70) | (0.73) | (0.69) | (0.62) | (0.66) | (0.65) | (0.77) | (0.71) | (0.63) |
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 | (25.27) | (22.27) | (18.86) | (21.00) | (23.97) | (24.52) | (21.00) | (25.54) | (29.34) | (27.54) | (27.21) | (32.17) | (31.18) | (28.92) | (19.99) | (29.01) | 271.53 | 11.88 | (20.50) | (18.48) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | 0.48 | 0.31 | 0.02 | 0.10 | 0.04 | 0.08 | 0.47 | 0.64 | 0.27 | 0.33 | 0.36 | 0.25 | 0.08 | 0.23 | 2.25 |
| Free Cash Flow* | (25.27) | (22.27) | (18.86) | (21.02) | (24.00) | (25.00) | (21.31) | (25.55) | (29.45) | (27.58) | (27.29) | (32.64) | (31.82) | (29.19) | (20.32) | (29.38) | 271.29 | 11.80 | (20.73) | (20.73) |
| Investing Cash Flow | (17.72) | 13.23 | 35.57 | 33.83 | 29.40 | 22.29 | (61.31) | (17.98) | 27.10 | 37.39 | 38.43 | 39.13 | 29.51 | (6.51) | 46.05 | (124.46) | (159.41) | 9.67 | (47.33) | 77.09 |
| Financing Cash Flow | 49.77 | 0.58 | 0.05 | 0.25 | 0.14 | 0.00 | 1.05 | 103.21 | 1.17 | 0.19 | 1.39 | 0.10 | 0.10 | 0.02 | 0.33 | 1.03 | 0.38 | 21.74 | 0.51 | 0.11 |
* Derived from reported values
