Financial Statements — FORA
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 | 30.95 | 4.66 | 5.37 | 5.70 | 2.71 | 2.00 | 1.03 | 5.38 | 2.90 | 0.84 | 1.59 | 12.31 | 14.75 | 23.54 | 4.76 | 2.60 |
| Short-term Investments | 0.00 | 23.56 | 30.28 | 29.96 | 46.65 | 46.01 | 46.41 | 43.59 | 38.34 | 39.16 | 19.05 | 11.58 | 12.39 | 12.40 | 12.51 | 7.50 |
| Accounts Receivable | 3.02 | 5.43 | 5.27 | 5.22 | 3.55 | 3.67 | 4.27 | 2.92 | 3.84 | 3.80 | 3.55 | 2.05 | 3.19 | 2.18 | 1.39 | 0.50 |
| Total Current Assets | 37.41 | 39.37 | 46.54 | 46.38 | 55.83 | 56.44 | 56.03 | 58.49 | 55.07 | 55.31 | 27.81 | 29.33 | 33.33 | 39.69 | 20.62 | 12.06 |
| Property, Plant & Equipment | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 | 0.06 | 0.07 | 0.09 | 0.10 | 0.11 | 2.87 | 3.15 | 2.39 | 0.76 | 0.48 | 0.25 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 9.10 | 9.10 | 9.10 | 9.13 | 8.70 | 9.02 |
| Intangible Assets | 0.95 | 1.05 | 1.10 | 1.15 | -- | -- | -- | -- | -- | -- | 7.34 | 7.91 | 8.48 | 9.60 | 10.16 | 10.73 |
| Total Non-current Assets* | 1.41 | 1.89 | 1.92 | 2.22 | 1.69 | 1.93 | 1.46 | 0.30 | 0.28 | 0.32 | 20.30 | 21.18 | 21.09 | 20.73 | 20.68 | 21.32 |
| Total Assets | 38.81 | 41.25 | 48.46 | 48.60 | 57.51 | 58.37 | 57.50 | 58.79 | 55.35 | 55.63 | 48.10 | 50.51 | 54.42 | 60.42 | 41.30 | 33.38 |
| Accounts Payable | 3.79 | 2.11 | 1.88 | 2.27 | 0.84 | 1.49 | 0.37 | 0.26 | 0.92 | 0.35 | 0.90 | 0.88 | 1.26 | 1.10 | 1.98 | 1.95 |
| Total Current Liabilities | 11.93 | 10.17 | 17.52 | 18.55 | 30.10 | 8.04 | 6.47 | 7.46 | 9.03 | 9.91 | 8.43 | 7.84 | 8.18 | 5.53 | 6.02 | 5.90 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.01 | 0.52 | 24.70 | 24.48 | 24.67 | 25.53 | 25.32 | 25.34 | 25.17 | 25.02 | 24.72 | 0.74 | 0.72 |
| Total Liabilities | 11.93 | 10.17 | 17.52 | 18.55 | 30.62 | 32.74 | 30.95 | 32.13 | 34.56 | 35.23 | 33.77 | 33.01 | 33.20 | 30.26 | 6.76 | 6.63 |
| Retained Earnings | (56.15) | (50.97) | (50.82) | (51.04) | (51.66) | (51.45) | (48.90) | (49.07) | (53.42) | (52.29) | (55.24) | (50.11) | (44.67) | (24.77) | (17.89) | (10.76) |
| Total Stockholder Equity | 26.89 | 31.08 | 30.94 | 30.05 | 26.89 | 25.63 | 26.54 | 26.67 | 20.79 | 20.41 | 14.33 | 17.50 | 21.22 | 30.17 | 34.55 | 26.76 |
* 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 | 6.85 | 7.96 | 7.76 | 7.48 | 7.06 | 5.81 | 4.69 | 4.78 | 4.88 | 5.37 | 5.35 | 4.89 | 4.87 | 7.90 | 7.18 | 6.53 | 6.39 | 5.75 | 4.96 | 4.55 |
| Cost of Revenue | 4.84 | 4.04 | 3.75 | 3.23 | 3.13 | 2.42 | 1.40 | 1.81 | 1.70 | 1.59 | 1.36 | 1.28 | 1.25 | 1.72 | 1.84 | 1.75 | 1.57 | 1.69 | 1.34 | 1.23 |
| Gross Profit | 2.01 | 3.92 | 4.01 | 4.25 | 3.92 | 3.39 | 3.28 | 6.14 | 3.17 | 3.78 | 3.99 | 3.62 | 3.62 | 6.18 | 5.34 | 4.79 | 1.16 | 4.06 | 0.16 | 3.32 |
| Research & Development | 0.96 | 0.96 | 0.68 | 0.68 | 0.61 | 0.46 | 0.29 | 0.31 | 0.39 | 0.31 | 0.26 | 0.30 | 0.53 | 2.48 | 3.26 | 3.39 | 3.22 | 2.92 | 2.61 | 1.95 |
| Selling, General & Admin | 2.45 | 2.04 | 2.12 | 1.97 | 3.28 | 2.56 | 2.82 | 3.67 | 3.49 | 3.24 | 3.20 | 3.55 | 3.64 | 4.91 | 4.66 | 4.87 | 6.09 | 7.43 | 6.67 | 6.58 |
| Total Operating Expenses | 5.49 | 5.86 | 4.48 | 4.20 | 5.32 | 4.84 | 4.08 | 10.89 | 4.95 | 4.69 | 4.79 | 5.11 | 6.01 | 9.81 | 10.29 | 10.38 | 6.28 | 12.23 | 1.32 | 10.30 |
| Operating Income | (3.49) | (1.95) | (0.47) | 0.05 | (1.39) | (1.45) | (0.80) | (2.97) | (1.77) | (0.91) | (0.81) | (1.49) | (2.39) | (3.63) | (4.95) | (5.59) | (11.91) | (8.17) | (7.35) | (6.98) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.20 | 0.20 | 0.21 | 0.21 | 0.21 | 0.21 | 0.20 | 0.22 | 0.24 | 0.22 | 0.08 | -- |
| Pretax Income | (3.33) | (1.70) | (0.17) | 0.34 | (1.12) | 0.25 | (0.30) | (2.55) | (1.11) | (0.45) | 5.55 | (1.05) | (2.22) | (3.55) | (5.12) | (5.43) | (11.85) | (8.03) | (6.88) | (7.13) |
| Tax Provision | 0.03 | 0.12 | (0.02) | 0.12 | 0.01 | 0.05 | (0.10) | 0.01 | 0.10 | (0.07) | 0.09 | 0.04 | 0.03 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 |
| Net Income | (3.36) | (1.82) | (0.15) | 0.22 | (1.13) | 0.20 | (0.20) | (2.55) | (1.21) | 1.39 | 4.34 | (1.12) | 6.50 | (3.56) | (5.13) | (5.43) | (11.85) | (8.05) | (6.88) | (7.13) |
| Basic EPS | (0.11) | (0.06) | 0.00 | 0.01 | (0.04) | 0.01 | (0.01) | (0.08) | (0.04) | 0.04 | 0.14 | (0.03) | 0.19 | (0.11) | (0.16) | (0.17) | (0.37) | (0.26) | (0.22) | (0.23) |
| Diluted EPS | (0.11) | (0.06) | 0.00 | 0.01 | (0.04) | 0.01 | (0.01) | (0.08) | (0.04) | 0.05 | 0.13 | (0.03) | 0.19 | (0.11) | (0.16) | (0.17) | (0.37) | (0.26) | (0.22) | (0.23) |
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 | (0.55) | 3.22 | (0.44) | (0.34) | 0.45 | 1.75 | 0.76 | (0.02) | (2.21) | (0.60) | 2.81 | (0.25) | (1.23) | 0.22 | (3.34) | (2.42) | (3.23) | (4.07) | (0.84) | (4.66) |
| Capital Expenditures | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.02 | -0.00 | 0.80 | 0.90 | 0.80 | 0.31 | 0.26 |
| Free Cash Flow* | -- | -- | -- | -- | -- | 1.75 | 0.76 | (0.02) | (2.21) | (0.60) | 2.81 | (0.25) | (1.30) | 0.20 | (3.34) | (3.22) | (4.13) | (4.87) | (1.15) | (4.93) |
| Investing Cash Flow | 18.67 | 5.11 | 7.00 | 0.00 | 0.84 | 18.02 | 0.03 | 1.01 | (1.77) | 4.76 | 0.65 | 2.34 | (0.63) | 1.55 | (7.37) | 0.03 | (0.67) | (0.80) | (0.20) | (5.27) |
| Financing Cash Flow | (0.08) | (0.08) | (7.27) | 0.01 | (0.17) | (17.89) | (0.09) | (0.02) | (1.03) | (3.49) | (0.98) | (0.03) | (0.09) | (0.03) | 0.00 | (0.06) | (0.01) | -0.00 | 23.99 | 12.00 |
* Derived from reported values
