Financial Statements — GLUE
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 |
|---|
| Cash & Equivalents | 159.86 | 208.34 | 69.43 | 78.53 | 125.58 | 108.85 | 99.75 | 59.06 | 47.03 | 51.85 | 112.39 | 103.66 | 138.31 | 367.03 | 357.06 |
| Accounts Receivable | -- | -- | -- | -- | -- | 9.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 677.55 | 401.82 | 299.46 | 332.28 | 251.21 | 277.90 | 199.04 | 182.91 | 208.10 | 240.56 | 295.24 | 297.05 | 320.37 | 370.52 | 358.29 |
| Property, Plant & Equipment | 28.41 | 27.60 | 29.05 | 29.34 | 31.44 | 33.25 | 34.04 | 34.99 | 35.34 | 33.27 | 19.38 | 15.21 | 13.40 | 11.80 | 8.92 |
| Total Non-current Assets* | 58.88 | 58.02 | 60.12 | 60.92 | 63.87 | 66.22 | 67.71 | 69.19 | 70.51 | 68.47 | 62.37 | 68.01 | 25.64 | 13.53 | 10.65 |
| Total Assets | 736.43 | 459.84 | 359.59 | 393.20 | 315.08 | 344.11 | 266.75 | 252.10 | 278.62 | 309.03 | 357.60 | 365.06 | 346.01 | 384.05 | 368.94 |
| Accounts Payable | 7.90 | 14.51 | 5.58 | 6.49 | 3.98 | 6.47 | 6.83 | 5.50 | 5.31 | 7.38 | 9.75 | 4.29 | 4.51 | 3.53 | 7.46 |
| Total Current Liabilities | 71.04 | 61.44 | 41.85 | 59.22 | 41.64 | 42.35 | 41.29 | 22.61 | 19.09 | 20.52 | 21.79 | 14.77 | 12.49 | 12.74 | 10.79 |
| Total Non-current Liabilities* | 143.48 | 152.56 | 49.65 | 58.82 | 67.98 | 77.10 | 72.93 | 44.97 | 45.87 | 44.79 | 44.72 | 48.23 | 7.64 | 2.00 | 1.47 |
| Total Liabilities | 214.51 | 214.00 | 91.51 | 118.04 | 109.62 | 119.44 | 114.23 | 67.58 | 64.96 | 65.30 | 66.51 | 63.01 | 20.13 | 14.74 | 12.26 |
| Retained Earnings | (521.72) | (431.08) | (404.00) | (391.70) | (452.02) | (428.17) | (397.86) | (332.64) | (297.75) | (262.57) | (199.75) | (172.44) | (145.97) | (98.59) | (78.76) |
| Total Stockholder Equity | 521.92 | 245.84 | 268.08 | 275.16 | 205.46 | 224.67 | 152.52 | 184.52 | 213.65 | 243.73 | 291.09 | 302.05 | 325.88 | 369.31 | 356.68 |
* Derived from reported values
Income 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 |
|---|
| Total Revenue | 4.21 | 2.78 | 12.77 | 23.19 | 84.93 | 60.65 | 9.22 | 4.70 | 1.06 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 44.07 | 41.98 | 36.68 | 30.65 | 32.19 | 38.87 | 27.62 | 28.06 | 27.03 | 27.14 | 28.31 | 29.08 | 26.76 | 24.87 | 21.34 | 20.94 | 17.92 | 18.13 | 15.12 | 14.64 |
| Selling, General & Admin | 10.18 | 10.52 | 9.07 | 8.10 | 8.70 | 8.78 | 8.13 | 9.28 | 8.99 | 7.73 | 8.66 | 8.15 | 7.50 | 7.62 | 7.02 | 6.30 | 6.39 | 5.26 | 4.75 | 3.49 |
| Total Operating Expenses | 54.24 | 52.50 | 45.74 | 38.75 | 40.89 | 47.64 | 35.74 | 37.34 | 36.01 | 34.86 | 36.97 | 37.22 | 34.26 | 32.49 | 28.36 | 27.23 | 24.30 | 23.39 | 19.87 | 18.12 |
| Operating Income | (50.03) | (49.71) | (32.97) | (15.55) | 44.04 | 13.00 | (26.53) | (32.64) | (34.95) | (34.86) | (36.97) | (37.22) | (34.26) | (32.49) | (28.36) | (27.23) | (24.30) | (23.39) | (19.87) | (18.12) |
| Pretax Income | (44.45) | (46.08) | (30.26) | (11.10) | 47.71 | 15.60 | (23.79) | (30.06) | (31.88) | (33.27) | (34.71) | (34.99) | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.05 | 0.06 | (3.18) | 1.20 | 0.82 | 2.16 | 0.07 | 0.25 | 0.08 | (0.02) | 0.17 | 0.19 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 |
| Net Income | (44.50) | (46.13) | (27.08) | (12.29) | 46.89 | 13.44 | (23.86) | (30.31) | (31.97) | (33.25) | (34.88) | (35.18) | (32.04) | (30.78) | (27.32) | (26.47) | (23.93) | (23.44) | (19.84) | (18.40) |
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 | (37.37) | (43.01) | 100.43 | (34.72) | (45.49) | 128.92 | (20.99) | (27.77) | (38.16) | 29.63 | (24.71) | (25.32) | (23.41) | (23.96) | (20.60) | (20.50) | (27.40) | (14.17) | (17.79) | (27.40) |
| Capital Expenditures | 1.87 | 0.77 | 0.65 | 1.70 | 1.59 | 0.18 | 0.40 | 2.02 | 1.38 | 1.69 | 1.66 | 6.51 | 9.18 | 7.27 | 1.40 | 2.55 | 1.69 | 3.06 | 0.93 | 4.92 |
| Free Cash Flow* | (39.24) | (43.78) | 99.78 | (36.41) | (47.08) | 128.74 | (21.39) | (29.79) | (39.55) | 27.95 | (26.36) | (31.84) | (32.59) | (31.23) | (22.00) | (23.05) | (29.09) | (17.23) | (18.72) | (32.31) |
| Investing Cash Flow | (261.00) | (65.07) | 38.14 | 25.32 | (100.23) | (30.90) | 37.75 | (61.16) | 9.85 | 14.30 | 35.63 | 18.55 | 20.33 | (53.94) | 29.49 | (14.25) | (180.52) | (3.05) | (1.69) | (4.92) |
| Financing Cash Flow | 328.34 | 29.62 | 0.35 | 0.37 | 0.01 | 0.61 | 0.02 | 98.02 | 0.25 | 25.17 | 1.10 | 1.20 | 0.02 | 20.43 | (0.22) | 0.10 | 0.15 | (0.13) | 29.46 | 348.24 |
* Derived from reported values
