Financial Statements — FLNC
Balance Sheet
(in billions USD)| Metric | Q2
2026 | 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 |
|---|
| Cash & Equivalents | 0.39 | 0.45 | 0.44 | 0.57 | 0.61 | 0.39 | 0.41 | 0.32 | 0.30 | 0.19 | 0.29 | 0.68 | 0.65 | 0.63 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.07 | 0.11 | -- | -- | -- |
| Accounts Receivable | 0.18 | 0.29 | 0.15 | 0.15 | 0.15 | 0.09 | 0.09 | 0.17 | 0.15 | 0.34 | 0.11 | 0.09 | 0.13 | 0.06 |
| Inventory | 0.76 | 0.54 | 0.65 | 0.70 | 0.54 | 0.47 | 0.31 | 0.56 | 0.51 | 0.76 | 1.08 | 0.45 | 0.35 | 0.44 |
| Total Current Assets | 2.08 | 1.99 | 1.85 | 2.03 | 1.98 | 1.50 | 1.32 | 1.67 | 1.39 | 1.81 | 2.01 | 1.55 | 1.42 | 1.38 |
| Property, Plant & Equipment | 0.04 | 0.05 | 0.05 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Goodwill | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 |
| Intangible Assets | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.03 | 0.04 |
| Total Non-current Assets | 0.27 | 0.28 | 0.23 | 0.24 | 0.23 | 0.19 | 0.21 | 0.15 | 0.18 | 0.14 | 0.14 | 0.12 | 0.09 | 0.10 |
| Total Assets | 2.35 | 2.27 | 2.08 | 2.27 | 2.21 | 1.69 | 1.53 | 1.82 | 1.56 | 1.95 | 2.15 | 1.67 | 1.50 | 1.48 |
| Accounts Payable | 0.19 | 0.14 | 0.26 | 0.23 | 0.10 | 0.32 | 0.24 | 0.32 | 0.17 | 0.40 | 0.51 | 0.22 | 0.12 | 0.09 |
| Total Current Liabilities | 1.45 | 1.34 | 1.12 | 1.35 | 1.26 | 1.12 | 0.97 | 1.25 | 0.95 | 1.34 | 1.53 | 0.99 | 0.77 | 0.70 |
| Long-term Debt | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.05 | 0.02 | 0.02 | -- | -- | -- |
| Total Non-current Liabilities | 0.44 | 0.44 | 0.43 | 0.43 | 0.42 | 0.03 | 0.02 | 0.02 | 0.07 | 0.03 | 0.03 | 0.01 | 0.00 | 0.00 |
| Total Liabilities | 1.89 | 1.78 | 1.55 | 1.77 | 1.68 | 1.15 | 1.00 | 1.28 | 1.02 | 1.38 | 1.55 | 1.00 | 0.78 | 0.70 |
| Retained Earnings | (0.27) | (0.24) | (0.22) | (0.22) | (0.19) | (0.20) | (0.20) | (0.19) | (0.18) | (0.15) | (0.13) | (0.07) | (0.05) | (0.03) |
| Total Stockholder Equity | 0.37 | 0.39 | 0.41 | 0.39 | 0.41 | 0.42 | 0.41 | 0.42 | 0.39 | 0.40 | 0.42 | 0.46 | 0.24 | 0.25 |
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | 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 |
|---|
| Total Revenue | 0.46 | 0.48 | 1.04 | 0.60 | 0.43 | 0.19 | 1.23 | 0.48 | 0.62 | 0.36 | 0.67 | 0.54 | 0.70 | 0.31 | 0.44 | 0.24 | 0.34 | 0.17 |
| Cost of Revenue | 0.42 | 0.45 | 0.90 | 0.51 | 0.39 | 0.17 | 1.07 | 0.40 | 0.56 | 0.33 | 0.60 | 0.51 | 0.67 | 0.30 | 0.43 | 0.24 | 0.36 | 0.23 |
| Gross Profit | 0.05 | 0.02 | 0.14 | 0.09 | 0.04 | 0.02 | 0.16 | 0.08 | 0.06 | 0.04 | 0.08 | 0.02 | 0.03 | 0.01 | 0.01 | (0.01) | (0.01) | (0.05) |
| Research & Development | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| Selling, General & Admin | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income | (0.03) | (0.07) | 0.05 | 0.01 | (0.04) | (0.06) | 0.08 | 0.01 | (0.01) | (0.03) | 0.01 | (0.04) | (0.04) | (0.04) | (0.05) | (0.06) | (0.06) | (0.11) |
| Tax Provision | 0.00 | (0.01) | 0.02 | 0.00 | -0.00 | -0.00 | 0.01 | 0.00 | -0.00 | -0.00 | 0.01 | -0.00 | -0.00 | -0.00 | 0.00 | -0.00 | 0.00 | 0.00 |
| Net Income | (0.02) | (0.05) | 0.02 | 0.01 | (0.03) | (0.04) | 0.05 | 0.00 | (0.01) | (0.02) | 0.00 | (0.02) | (0.02) | (0.02) | (0.04) | (0.02) | (0.02) | (0.03) |
| Basic EPS | (0.16) | (0.34) | 0.14 | 0.05 | (0.24) | (0.32) | 0.38 | 0.01 | (0.07) | (0.14) | 0.02 | (0.20) | (0.21) | (0.21) | (0.27) | (0.35) | (0.35) | (0.53) |
| Diluted EPS | (0.16) | (0.34) | 0.18 | 0.01 | (0.24) | (0.32) | 0.34 | 0.00 | (0.07) | (0.14) | 0.02 | (0.20) | (0.21) | (0.21) | (0.27) | (0.35) | (0.35) | (0.53) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | 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 |
|---|
| Operating Cash Flow | (121.11) | (226.79) | 265.74 | (153.86) | (46.18) | (211.23) | 10.53 | (21.09) | 70.89 | 19.36 | 48.56 | 2.92 | (74.51) | (88.90) | (221.44) | 80.05 | 50.56 | (191.55) |
| Capital Expenditures | 2.48 | 5.83 | 4.86 | 3.56 | 4.35 | 2.11 | 3.28 | 2.37 | 1.00 | 1.47 | 1.11 | 0.79 | (1.41) | 2.50 | 5.26 | 1.40 | 0.40 | 0.87 |
| Free Cash Flow* | (123.59) | (232.62) | 260.88 | (157.43) | (50.54) | (213.34) | 7.25 | (23.46) | 69.88 | 17.90 | 47.45 | 2.13 | (73.10) | (91.39) | (226.70) | 78.65 | 50.15 | (192.42) |
| Investing Cash Flow | (6.76) | (9.35) | (9.75) | (7.29) | (7.57) | (5.19) | (5.53) | (5.95) | (4.89) | (2.60) | (3.06) | 62.00 | 41.83 | (6.33) | (115.40) | (30.62) | (1.52) | (0.87) |
| Financing Cash Flow | 68.40 | (1.79) | (1.76) | (0.47) | (1.72) | 360.83 | (2.91) | 0.86 | (0.27) | (6.36) | 0.01 | 28.78 | 0.56 | 23.25 | 1.59 | (12.58) | (5.44) | 833.49 |
* Derived from reported values
