Financial Statements — GERN
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 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.07 | 0.08 | 0.08 | 0.08 | 0.06 | 0.12 | 0.19 | 0.03 | 0.06 | 0.11 | 0.06 | 0.08 | 0.03 | 0.03 | 0.06 | 0.03 |
| Accounts Receivable | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 0.13 | 0.10 | 0.07 | 0.06 | 0.02 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.50 | 0.52 | 0.51 | 0.50 | 0.40 | 0.37 | 0.45 | 0.34 | 0.38 | 0.39 | 0.22 | 0.23 | 0.18 | 0.18 | 0.20 | 0.22 |
| Property, Plant & Equipment | 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 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 0.04 | 0.05 | 0.05 | 0.07 | 0.05 | 0.08 | 0.03 | 0.08 | 0.04 | 0.04 | 0.01 | 0.01 | 0.02 | 0.05 | 0.05 | 0.04 |
| Total Assets | 0.53 | 0.57 | 0.56 | 0.56 | 0.44 | 0.45 | 0.48 | 0.41 | 0.42 | 0.42 | 0.23 | 0.24 | 0.20 | 0.23 | 0.25 | 0.26 |
| Accounts Payable | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Short-term Debt | -- | -- | -- | 0.00 | 0.07 | 0.05 | 0.07 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | -- | -- | -- | -- |
| Total Current Liabilities | 0.07 | 0.09 | 0.06 | 0.06 | 0.14 | 0.10 | 0.12 | 0.09 | 0.07 | 0.04 | 0.08 | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 |
| Long-term Debt | 0.12 | 0.12 | 0.12 | 0.12 | 0.01 | 0.04 | 0.01 | 0.03 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 | 0.03 | 0.03 | 0.02 |
| Total Non-current Liabilities* | 0.23 | 0.23 | 0.23 | 0.23 | 0.01 | 0.04 | 0.01 | 0.03 | 0.04 | 0.05 | 0.04 | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 |
| Total Liabilities* | 0.31 | 0.32 | 0.30 | 0.29 | 0.15 | 0.14 | 0.14 | 0.12 | 0.12 | 0.10 | 0.12 | 0.10 | 0.10 | 0.08 | 0.08 | 0.06 |
| Retained Earnings | (1.86) | (1.83) | (1.81) | (1.79) | (1.75) | (1.72) | (1.65) | (1.55) | (1.50) | (1.45) | (1.37) | (1.33) | (1.30) | (1.24) | (1.21) | (1.18) |
| Total Stockholder Equity | 0.23 | 0.25 | 0.26 | 0.27 | 0.29 | 0.31 | 0.34 | 0.29 | 0.30 | 0.33 | 0.11 | 0.14 | 0.10 | 0.15 | 0.18 | 0.20 |
* 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 | 51.84 | -- | 47.23 | 49.04 | 39.60 | -- | 28.27 | 0.88 | 0.30 | 0.02 | 0.16 | 0.03 | 0.02 | 0.10 | 0.30 | 0.07 | 0.12 | 1.04 | 0.11 | 0.11 |
| Selling, General & Admin | 35.42 | 41.67 | 39.00 | 38.56 | 40.02 | 43.37 | 35.88 | 39.42 | 27.07 | 21.40 | 18.35 | 16.49 | 12.89 | 13.84 | 15.64 | 7.44 | 6.70 | 7.87 | 7.26 | 7.06 |
| Total Operating Expenses | 51.68 | 73.56 | 61.11 | 61.49 | 56.31 | 67.59 | 56.49 | 70.22 | 56.44 | 54.31 | 47.78 | 51.98 | 40.11 | 42.05 | 40.24 | 28.05 | 28.80 | 32.02 | 25.78 | 29.00 |
| Operating Income | 0.16 | (25.54) | (13.89) | (12.45) | (16.70) | (20.05) | (28.21) | (69.33) | (56.13) | (54.29) | (47.61) | (51.95) | (40.09) | (41.95) | (39.95) | (27.98) | (28.67) | (30.98) | (25.67) | (28.89) |
| Interest Expense | -- | -- | -- | -- | -- | 8.71 | 3.05 | 3.32 | 3.43 | 2.32 | 2.07 | 2.00 | 1.92 | 2.01 | 1.82 | 1.58 | 1.48 | 1.14 | 1.06 | 0.80 |
| Net Income | (3.64) | (28.86) | (18.43) | (16.37) | (19.83) | (25.35) | (26.45) | (67.38) | (55.39) | (51.97) | (44.80) | (49.23) | (38.12) | (42.63) | (41.05) | (28.12) | (30.10) | (32.02) | (26.70) | (29.57) |
| Basic EPS | (0.01) | (0.05) | (0.03) | (0.02) | (0.03) | (0.04) | (0.04) | (0.10) | (0.09) | (0.08) | (0.08) | (0.09) | (0.07) | (0.11) | (0.10) | (0.07) | -- | -- | -- | -- |
| Diluted EPS | (0.01) | (0.05) | (0.03) | (0.02) | (0.03) | (0.04) | (0.04) | (0.10) | (0.09) | (0.08) | (0.08) | (0.09) | (0.07) | (0.11) | (0.10) | (0.07) | -- | -- | -- | -- |
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 | (62.91) | (22.07) | (13.58) | (27.41) | (47.98) | (43.94) | (58.94) | (53.48) | (62.25) | (40.94) | (50.84) | (29.60) | (46.36) | (35.18) | (29.58) | (28.64) | (33.97) | (22.17) | (22.84) | (17.81) |
| Capital Expenditures | -- | -- | -- | -- | -- | (0.14) | 0.00 | 0.21 | 0.62 | 0.06 | 0.19 | 0.20 | 0.37 | 0.14 | 0.17 | 0.07 | 0.05 | 0.10 | 0.09 | 0.00 |
| Free Cash Flow* | -- | -- | -- | -- | -- | (43.80) | (58.94) | (53.68) | (62.87) | (41.00) | (51.03) | (29.80) | (46.74) | (35.32) | (29.75) | (28.71) | (34.02) | (22.27) | (22.93) | (17.81) |
| Investing Cash Flow | 51.86 | 21.15 | 13.35 | 20.32 | 52.44 | (103.51) | (0.55) | (36.15) | 34.21 | 47.57 | (4.71) | (44.44) | (178.73) | 18.99 | 9.84 | 2.81 | 30.43 | 8.37 | (5.41) | 30.91 |
| Financing Cash Flow | 2.42 | 0.38 | 0.54 | 1.09 | 0.26 | 166.16 | 3.58 | 16.83 | 147.80 | 33.28 | 29.35 | 18.34 | 281.05 | 11.92 | 4.78 | 70.56 | -- | 19.64 | 0.00 | 12.65 |
* Derived from reported values
