Financial Statements — GOVX
Balance Sheet
(in millions USD)| Metric | Q2 2026 | 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 | 3.14 | 1.27 | 5.01 | 3.09 | 7.44 | 8.59 | 1.56 | 0.77 | 12.69 | 17.79 | 23.85 | 34.68 | 30.90 | 16.26 | 18.11 | 19.54 | 20.84 |
| Accounts Receivable | -- | -- | 0.00 | 0.53 | 1.50 | 0.55 | 0.30 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 4.18 | 2.43 | 6.52 | 5.14 | 10.61 | 10.87 | 3.84 | 2.86 | 14.80 | 19.83 | 25.99 | 36.14 | 32.04 | 16.64 | 18.16 | 19.66 | 20.96 |
| Property, Plant & Equipment | 0.08 | 0.10 | 0.13 | 0.14 | 0.15 | 0.17 | 0.17 | 0.19 | 0.21 | 0.22 | 0.22 | 0.25 | 0.21 | 0.21 | 0.17 | 0.15 | 0.14 |
| Total Non-current Assets* | 0.47 | 0.55 | 0.21 | 0.21 | 0.22 | 0.24 | 0.25 | 0.50 | 1.40 | 1.42 | 1.42 | 2.43 | 1.20 | 0.22 | 0.18 | 0.16 | 0.15 |
| Total Assets | 4.64 | 2.98 | 6.73 | 5.35 | 10.83 | 11.11 | 4.10 | 3.36 | 16.20 | 21.25 | 27.40 | 38.57 | 33.24 | 16.85 | 18.34 | 19.82 | 21.12 |
| Accounts Payable | 1.83 | 1.43 | 0.98 | 1.83 | 2.40 | 2.15 | 3.98 | 1.88 | 4.21 | 0.87 | 1.29 | 1.08 | 0.24 | 0.43 | 0.29 | 0.29 | 0.23 |
| Total Current Liabilities | 2.71 | 2.29 | 1.82 | 2.53 | 2.94 | 2.61 | 6.40 | 3.30 | 7.08 | 4.09 | 4.54 | 4.79 | 3.37 | 3.50 | 0.34 | 0.36 | 0.45 |
| Total Non-current Liabilities* | 0.17 | 0.20 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 2.00 | 2.00 | 0.00 | 0.00 | 0.01 |
| Total Liabilities* | 2.88 | 2.49 | 1.82 | 2.53 | 2.94 | 2.61 | 6.40 | 3.30 | 7.08 | 4.09 | 4.54 | 6.79 | 5.37 | 5.50 | 0.34 | 0.36 | 0.46 |
| Retained Earnings | (160.51) | (156.08) | (146.40) | (140.08) | (134.71) | (121.09) | (115.28) | (110.21) | (96.77) | (88.36) | (82.43) | (73.01) | (69.05) | (66.80) | (50.63) | (48.68) | (47.37) |
| Total Stockholder Equity | 1.76 | 0.49 | 4.91 | 2.82 | 7.90 | 8.50 | (2.31) | 0.05 | 9.12 | 17.16 | 22.87 | 31.78 | 27.87 | 11.35 | 18.00 | 19.46 | 20.65 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2 2026 | 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.85 | 1.64 | 0.86 | 2.79 | 0.30 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.16 | 0.03 |
| Research & Development | 3.11 | 3.90 | 2.99 | 5.04 | 4.73 | 5.35 | 7.61 | 7.40 | 4.28 | 4.43 | 6.23 | 6.95 | 4.72 | 2.82 | 3.76 | 2.72 | 1.31 | 1.33 | 12.89 | 1.22 |
| Selling, General & Admin | 1.33 | 1.37 | 1.45 | 1.33 | 1.54 | 1.69 | 1.60 | 1.24 | 1.09 | 1.46 | 1.46 | 1.65 | 1.46 | 1.45 | 1.62 | 1.25 | 0.94 | 1.18 | 1.01 | 0.76 |
| Total Operating Expenses | 4.44 | 5.27 | 4.44 | 6.37 | 6.27 | 7.04 | 9.21 | 8.64 | 5.36 | 5.88 | 7.69 | 8.60 | 6.18 | 4.27 | 5.39 | 3.97 | 2.24 | 2.51 | 13.91 | 1.98 |
| Operating Income | (4.44) | (5.27) | (4.44) | (6.37) | (5.42) | (5.41) | (8.34) | (5.85) | (5.06) | (5.88) | (7.69) | (8.60) | (6.18) | (4.27) | (5.39) | (3.97) | (2.24) | (2.43) | (13.74) | (1.95) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income* | (4.43) | (5.26) | -- | (6.32) | (5.37) | (5.36) | -- | (5.82) | (5.06) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (4.43) | (5.26) | (4.42) | (6.32) | (5.37) | (5.36) | (8.26) | (5.82) | (5.06) | (5.85) | (7.59) | (8.41) | (5.93) | (4.04) | (5.38) | (3.97) | (2.24) | (2.43) | (13.74) | (1.95) |
| Basic EPS | (0.97) | (2.62) | (21.29) | (0.31) | (0.35) | (0.45) | 0.55 | (0.91) | (1.99) | (2.47) | (13.60) | (0.32) | (0.22) | (0.15) | (0.14) | (0.17) | (0.18) | (0.34) | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | 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 | (3.66) | (3.54) | (4.96) | (6.21) | (4.33) | (5.97) | (7.75) | (9.30) | (1.94) | (5.68) | (10.28) | (5.10) | (6.04) | (3.76) | (7.06) | (3.80) | (3.83) | (4.33) | (6.68) | (1.63) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.02 | 0.00 | -- | 0.02 | 0.01 | 0.02 | 0.00 | 0.00 | 0.05 | 0.02 | 0.06 | 0.00 | 0.03 |
| Free Cash Flow* | (3.66) | (3.54) | (4.96) | (6.21) | (4.35) | (5.98) | (7.75) | (9.32) | (1.94) | -- | (10.30) | (5.10) | (6.06) | (3.76) | (7.06) | (3.85) | (3.85) | (4.40) | (6.68) | (1.66) |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | (0.02) | 0.00 | (0.02) | 0.00 | -- | (0.02) | (0.01) | (0.02) | 0.00 | 0.00 | (0.05) | (0.02) | (0.06) | 0.00 | (0.03) |
| Financing Cash Flow | 5.53 | 1.72 | 3.04 | 8.13 | 0.00 | 7.91 | 4.67 | 16.35 | 2.73 | -- | 4.06 | 0.00 | 0.00 | 0.00 | 0.00 | 7.63 | 18.50 | 9.23 | 0.00 | 0.23 |
* Derived from reported values