Financial Statements — FULC
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 50.26 | 47.08 | 42.59 | 42.18 | 72.63 | 86.70 | 39.95 | 30.08 | 33.97 | 90.94 | 40.15 | 33.31 | 65.47 | 56.78 | 100.75 |
| Total Current Assets | 338.67 | 205.86 | 219.37 | 232.56 | 267.49 | 280.29 | 217.95 | 262.49 | 282.95 | 227.73 | 174.25 | 200.06 | 246.19 | 128.51 | 146.99 |
| Property, Plant & Equipment | 2.49 | 3.17 | 3.27 | 3.55 | 4.22 | 4.41 | 4.76 | 5.65 | 6.16 | 7.38 | 7.83 | 7.89 | 7.75 | 7.75 | 7.83 |
| Total Non-current Assets* | 8.10 | 8.99 | 9.47 | 10.09 | 11.52 | 13.97 | 14.64 | 16.39 | 17.39 | 20.08 | 20.99 | 20.18 | 9.36 | 9.37 | 9.49 |
| Total Assets | 346.77 | 214.86 | 228.84 | 242.65 | 279.01 | 294.26 | 232.59 | 278.88 | 300.33 | 247.81 | 195.23 | 220.25 | 255.55 | 137.88 | 156.48 |
| Accounts Payable | 2.45 | 2.86 | 1.75 | 1.51 | 4.04 | 3.58 | 3.86 | 3.57 | 3.91 | 2.73 | 5.39 | 6.00 | 3.74 | 4.50 | 4.80 |
| Total Current Liabilities | 9.86 | 11.63 | 8.99 | 8.10 | 14.51 | 12.70 | 10.69 | 14.08 | 14.80 | 14.70 | 22.12 | 18.29 | 20.60 | 22.51 | 22.63 |
| Total Non-current Liabilities* | 3.60 | 4.86 | 5.48 | 6.06 | 7.21 | 7.77 | 8.30 | 9.34 | 10.10 | 11.69 | 12.36 | 12.80 | 4.34 | 4.48 | 6.09 |
| Total Liabilities | 13.47 | 16.49 | 14.46 | 14.16 | 21.72 | 20.47 | 19.00 | 23.42 | 24.90 | 26.39 | 34.48 | 31.09 | 24.94 | 26.99 | 28.72 |
| Retained Earnings | (613.17) | (573.94) | (554.35) | (537.05) | (502.83) | (481.13) | (536.54) | (484.92) | (460.90) | (386.20) | (362.46) | (328.39) | (278.98) | (258.27) | (238.62) |
| Total Stockholder Equity | 333.30 | 198.37 | 214.38 | 228.49 | 257.29 | 273.79 | 213.59 | 255.46 | 275.43 | 221.41 | 160.76 | 189.16 | 230.61 | 110.89 | 127.75 |
* 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 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 80.00 | 0.00 | 0.87 | 0.76 | 0.88 | 0.69 | 7.80 | 1.88 | 2.59 | 5.06 | 4.93 | 4.38 | 4.79 |
| Research & Development | 14.08 | 15.42 | 14.30 | 12.99 | 13.40 | 11.71 | 14.64 | 17.26 | 19.77 | 19.00 | 18.24 | 17.85 | 18.57 | 15.37 | 25.02 | 17.83 | 18.91 | 17.08 | 17.38 | 16.33 |
| Selling, General & Admin | 8.10 | 7.28 | 7.56 | 6.83 | 7.00 | 7.72 | 8.42 | 10.25 | 10.06 | 9.86 | 9.96 | 10.32 | 10.13 | 9.71 | 11.10 | 10.76 | 9.71 | 8.63 | 6.69 | 5.50 |
| Total Operating Expenses | 22.19 | 22.69 | 21.86 | 19.82 | 20.40 | 19.43 | 25.13 | 27.51 | 29.83 | 28.86 | 28.20 | 28.17 | 28.66 | 25.54 | 36.12 | 28.59 | 28.62 | 25.71 | 24.06 | 21.83 |
| Operating Income | (22.19) | (22.69) | (21.86) | (19.82) | (20.40) | (19.43) | (25.13) | 52.49 | (29.83) | (27.99) | (27.44) | (27.29) | (27.97) | (24.35) | (34.23) | (26.00) | (23.56) | (20.77) | (19.68) | (17.04) |
| Net Income | (18.89) | (20.33) | (19.59) | (17.30) | (17.65) | (16.57) | (21.70) | 55.41 | (26.87) | (24.76) | (24.02) | (23.78) | (26.13) | (23.74) | (34.07) | (25.93) | (23.48) | (20.72) | (19.65) | (17.00) |
| Basic EPS | (0.25) | (0.31) | (0.31) | (0.28) | (0.28) | (0.27) | (0.35) | 0.89 | (0.43) | (0.40) | (0.39) | (0.38) | (0.47) | (0.51) | (0.83) | -- | -- | -- | -- | -- |
| Diluted EPS | (0.25) | (0.31) | (0.31) | (0.28) | (0.28) | (0.25) | (0.35) | 0.87 | (0.43) | (0.40) | (0.39) | (0.38) | (0.47) | (0.51) | (0.83) | -- | -- | -- | -- | -- |
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 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | (18.75) | (16.80) | (14.19) | (13.82) | (15.26) | (16.76) | (19.07) | 58.90 | (25.28) | (23.16) | (67.81) | (24.12) | (19.70) | (27.88) | (27.37) | (22.11) | (21.86) | (22.57) | (17.82) | (16.23) |
| Capital Expenditures | 0.01 | 0.16 | 0.09 | 0.07 | 0.00 | 0.23 | 0.02 | 0.00 | 0.03 | 0.08 | 0.43 | 0.17 | 0.12 | 0.28 | 1.32 | 0.25 | 0.52 | 0.37 | 0.56 | 0.26 |
| Free Cash Flow* | (18.76) | (16.96) | (14.28) | (13.88) | (15.26) | (16.99) | (19.09) | 58.90 | (25.31) | (23.23) | (68.24) | (24.29) | (19.81) | (28.16) | (28.68) | (22.35) | (22.38) | (22.94) | (18.39) | (16.49) |
| Investing Cash Flow | (128.21) | (1.05) | 18.61 | 13.93 | (0.78) | 2.26 | 4.35 | (12.51) | 38.13 | 18.35 | (55.05) | (93.94) | (36.36) | (2.28) | 31.40 | 19.66 | (9.09) | (106.64) | (26.35) | 12.42 |
| Financing Cash Flow | (0.31) | 168.30 | 0.06 | 0.30 | 0.00 | 0.08 | 0.64 | 0.38 | 1.65 | 0.29 | 117.84 | 117.69 | 0.22 | 80.95 | 2.81 | 0.35 | 0.89 | 137.90 | 0.21 | 47.50 |
* Derived from reported values
