Financial Statements — FRSH
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.55 | 0.42 | 0.49 | 0.59 | 0.39 | 0.31 | 0.47 | 0.46 | 0.36 | 0.34 | 0.43 | 0.59 | 0.60 | 1.18 |
| Short-term Investments | 0.23 | 0.39 | 0.44 | 0.40 | 0.66 | 0.71 | 0.74 | 0.71 | 0.80 | 0.81 | 0.72 | 0.58 | -- | 0.15 |
| Accounts Receivable | 0.13 | 0.12 | 0.12 | 0.11 | 0.10 | 0.10 | 0.08 | 0.08 | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 | 0.04 |
| Total Current Assets | 1.01 | 1.02 | 1.14 | 1.20 | 1.23 | 1.20 | 1.37 | 1.32 | 1.30 | 1.29 | 1.27 | 1.28 | 1.30 | 1.42 |
| Property, Plant & Equipment | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Goodwill | 0.20 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Intangible Assets | 0.10 | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets | 0.08 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.06 | 0.05 | 0.06 | 0.05 | 0.05 | 0.05 | 0.02 |
| Total Assets | 1.61 | 1.37 | 1.48 | 1.54 | 1.58 | 1.54 | 1.47 | 1.42 | 1.40 | 1.39 | 1.36 | 1.38 | 1.39 | 1.49 |
| Accounts Payable | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 |
| Total Current Liabilities | 0.52 | 0.45 | 0.43 | 0.41 | 0.38 | 0.37 | 0.34 | 0.31 | 0.29 | 0.29 | 0.25 | 0.25 | 0.23 | 0.20 |
| Total Non-current Liabilities* | 0.07 | 0.07 | 0.06 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.02 |
| Total Liabilities | 0.59 | 0.52 | 0.50 | 0.48 | 0.44 | 0.43 | 0.39 | 0.36 | 0.34 | 0.34 | 0.30 | 0.30 | 0.28 | 0.22 |
| Retained Earnings | (3.56) | (3.74) | (3.74) | (3.74) | (3.71) | (3.68) | (3.66) | (3.61) | (3.58) | (3.55) | (3.45) | (3.39) | (3.32) | (3.20) |
| Total Stockholder Equity | 1.02 | 0.85 | 0.98 | 1.06 | 1.14 | 1.12 | 1.08 | 1.06 | 1.06 | 1.05 | 1.06 | 1.08 | 1.11 | 1.27 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 228.63 | 222.74 | 215.12 | 204.68 | 196.27 | 194.57 | 186.58 | 174.13 | 165.14 | 160.11 | 153.55 | 145.08 | 137.69 | 133.17 | 128.76 | 121.43 | 114.64 | 105.48 | 96.61 |
| Cost of Revenue* | 34.69 | 32.17 | 32.96 | 31.14 | 29.88 | 29.46 | 29.81 | 28.18 | 25.89 | 27.01 | 26.26 | 24.86 | 25.24 | 25.16 | 24.18 | 24.04 | 22.40 | 20.40 | 22.24 |
| Gross Profit | 193.95 | 190.57 | 182.16 | 173.54 | 166.40 | 165.11 | 156.77 | 145.96 | 139.25 | 133.10 | 127.29 | 120.22 | 112.46 | 108.01 | 104.58 | 97.39 | 92.24 | 85.08 | 74.38 |
| Research & Development | 49.26 | 41.80 | 41.46 | 39.94 | 40.00 | 41.03 | 47.89 | 40.99 | 34.68 | 35.83 | 34.89 | 34.18 | 32.86 | 34.66 | 35.87 | 34.30 | 30.72 | 29.03 | 57.09 |
| Selling, General & Admin | 40.43 | (0.33) | 47.15 | 47.03 | 47.25 | 47.54 | 46.50 | 44.50 | 42.09 | 44.99 | 40.46 | 41.35 | 40.90 | 39.13 | 40.13 | 40.41 | 37.18 | 40.24 | 60.76 |
| Total Operating Expenses | 202.01 | 150.84 | 189.62 | 182.19 | 176.81 | 188.90 | 195.63 | 189.74 | 171.42 | 173.14 | 166.02 | 163.51 | 160.56 | 168.62 | 162.87 | 164.74 | 139.37 | 141.46 | 214.63 |
| Operating Income | (8.06) | 39.73 | (7.46) | (8.66) | (10.42) | (23.79) | (38.86) | (43.79) | (32.17) | (40.04) | (38.73) | (43.29) | (48.11) | (60.61) | (58.29) | (67.35) | (47.12) | (56.37) | (140.25) |
| Pretax Income | (6.63) | 46.89 | (0.05) | 3.89 | 2.55 | (15.99) | (24.93) | (30.54) | (19.37) | (25.33) | (27.74) | (32.07) | (38.63) | (50.63) | (56.04) | (67.59) | (46.52) | (56.50) | (117.33) |
| Tax Provision | (1.82) | (144.56) | 4.63 | 5.63 | 3.86 | 5.91 | 5.02 | (10.36) | 3.95 | 2.76 | 3.29 | 3.59 | 4.04 | 4.84 | 1.80 | 2.16 | 2.54 | 18.24 | (9.91) |
| Net Income | (4.81) | 191.45 | (4.68) | (1.74) | (1.30) | (21.90) | (29.96) | (20.18) | (23.32) | (28.08) | (31.03) | (35.66) | (42.66) | (55.48) | (57.84) | (69.75) | (49.06) | (74.74) | (107.41) |
| Basic EPS | (0.02) | 0.66 | (0.02) | (0.01) | 0.00 | (0.07) | (0.10) | (0.07) | (0.08) | (0.09) | (0.11) | (0.12) | (0.15) | (0.20) | (0.20) | (0.24) | (0.18) | 11.23 | (24.72) |
| Diluted EPS | (0.02) | 0.66 | (0.02) | (0.01) | 0.00 | (0.07) | (0.10) | (0.07) | (0.08) | (0.09) | (0.11) | (0.12) | (0.15) | (0.20) | (0.20) | (0.24) | (0.18) | 11.23 | (24.72) |
* Derived from reported values
Cash Flow Statement
(in billions 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | -0.00 | (0.01) | 0.00 | 0.00 | 0.01 |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow* | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | (0.01) | (0.01) | -0.00 | 0.00 | 0.00 |
| Investing Cash Flow | (0.08) | 0.16 | 0.05 | (0.04) | 0.05 | 0.21 | 0.05 | (0.18) | (0.04) | 0.01 | 0.10 | 0.00 | 0.04 | (0.12) | (0.14) | 0.00 | (0.03) | (0.43) | 0.01 |
| Financing Cash Flow | (0.06) | (0.01) | (0.17) | (0.12) | (0.13) | (0.02) | (0.01) | (0.01) | (0.02) | (0.01) | (0.02) | (0.01) | (0.01) | (0.01) | (0.01) | (0.01) | (0.12) | -0.00 | 1.06 |
* Derived from reported values