Financial Statements — GRCE
Balance Sheet
(in millions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 18.67 | 16.86 | 20.01 | 11.06 | 15.16 | 18.55 | 26.99 | 19.39 | 21.63 | 26.24 | 34.93 | 38.38 | 33.01 | 36.93 | 40.98 |
| Short-term Investments | -- | -- | -- | -- | 0.02 | 6.57 | 0.02 | 0.02 | 0.02 | 5.01 | 0.01 | 0.02 | 13.31 | 13.86 | 16.75 |
| Accounts Receivable | -- | -- | -- | -- | -- | 0.96 | 0.84 | 0.40 | 0.84 | 0.78 | 0.86 | 0.96 | 0.24 | 0.81 | 0.45 |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | -- | -- |
| Total Current Assets | 19.21 | 17.30 | 20.53 | 11.94 | 16.06 | 26.88 | 28.89 | 20.43 | 23.61 | 33.43 | 37.51 | 41.25 | 49.00 | 54.55 | 60.39 |
| Property, Plant & Equipment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.93 |
| Goodwill | 8.14 | 8.14 | 8.14 | 8.14 | 8.14 | 8.14 | 8.14 | 8.14 | 8.14 | 12.96 | 12.96 | 12.96 | -- | -- | -- |
| Intangible Assets | 41.13 | 41.13 | 41.13 | 41.13 | 41.13 | 41.13 | 41.13 | 41.13 | 41.13 | 69.81 | 69.81 | 69.81 | 65.21 | 65.21 | 3.93 |
| Total Non-current Assets* | 49.28 | 49.28 | 49.28 | 49.29 | 49.29 | 49.30 | 49.32 | 49.29 | 49.42 | 83.37 | 83.41 | 83.68 | 65.23 | 65.25 | 0.07 |
| Total Assets | 68.49 | 66.58 | 69.81 | 61.22 | 65.35 | 76.19 | 78.21 | 69.72 | 73.03 | 116.80 | 120.91 | 124.93 | 114.23 | 119.80 | 60.45 |
| Accounts Payable | 1.28 | 1.25 | 2.32 | 1.97 | 2.67 | 1.75 | 1.35 | 2.60 | 1.89 | 3.36 | 3.74 | 3.06 | 2.84 | 4.43 | 2.28 |
| Total Current Liabilities | 1.28 | 1.25 | 2.32 | 1.97 | 2.67 | 1.77 | 1.40 | 2.60 | 1.97 | 3.43 | 3.81 | 3.71 | 2.90 | 4.48 | 2.35 |
| Total Non-current Liabilities* | 2.31 | 2.51 | 3.94 | 7.11 | 6.54 | 9.74 | 10.07 | 7.75 | 7.06 | 16.65 | 16.94 | 16.82 | 0.27 | 1.12 | 4.65 |
| Total Liabilities | 3.60 | 3.76 | 6.26 | 9.09 | 9.22 | 11.51 | 11.47 | 10.35 | 9.02 | 20.08 | 20.75 | 20.53 | 3.17 | 5.59 | 7.00 |
| Retained Earnings | (227.30) | (224.99) | (224.05) | (221.32) | (217.17) | (207.95) | (205.56) | (213.74) | (202.29) | (169.18) | (165.29) | (160.36) | (151.93) | (148.15) | (149.14) |
| Total Stockholder Equity | 64.89 | 62.82 | 63.55 | 52.14 | 56.13 | 64.68 | 66.75 | 59.36 | 64.01 | 96.72 | 100.16 | 104.40 | 111.06 | 114.20 | 53.46 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q4
2026 | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.12 | 0.00 | -- |
| Cost of Revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 | 0.00 | -- |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 100.00 | -- | -- | -- | 0.08 | 0.00 | -- |
| Research & Development | 0.42 | 0.46 | 0.57 | 0.96 | 1.63 | 2.19 | 2.98 | 1.69 | 1.44 | 0.46 | 2.71 | 1.64 | 1.10 | 2.33 | 2.45 | 3.29 | 2.59 | 0.45 | 2.18 | 0.59 |
| Selling, General & Admin | 2.59 | 1.99 | 1.96 | 2.13 | 1.55 | 1.51 | 1.86 | 1.51 | 1.57 | 1.59 | 2.26 | 2.43 | 1.76 | 1.82 | 1.59 | 1.68 | 1.92 | 1.44 | 1.81 | 2.96 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 104.40 | -- | -- | -- | 2.38 | 4.47 | -- |
| Operating Income | (3.01) | (2.45) | (2.53) | (3.09) | (3.18) | (3.70) | (4.83) | (3.26) | (3.04) | (2.09) | (4.96) | (38.07) | (4.45) | (4.40) | (4.24) | (5.11) | (4.73) | (2.30) | (4.47) | (3.57) |
| Pretax Income | (2.88) | (2.31) | (0.94) | (3.36) | (0.38) | (4.76) | (4.28) | (4.05) | (2.60) | (3.72) | (3.34) | (37.96) | (4.31) | (4.55) | (4.16) | (5.08) | (4.77) | -- | -- | -- |
| Tax Provision | (1.70) | 0.00 | 0.00 | 0.00 | (1.02) | (0.60) | (0.85) | (0.89) | (0.21) | (0.45) | (0.72) | (9.18) | (0.29) | (0.65) | (0.27) | 0.16 | (0.24) | -- | -- | -- |
| Net Income | (1.18) | (2.31) | (0.94) | (3.36) | 0.64 | (4.15) | (3.43) | (3.17) | (2.39) | (3.27) | (2.62) | (29.09) | (4.02) | (3.90) | (3.89) | (4.93) | (4.52) | (5.65) | (3.78) | 0.98 |
| Basic EPS | (0.06) | (0.14) | (0.06) | (0.21) | 0.10 | (0.36) | (0.30) | (0.26) | (0.21) | (0.43) | (0.24) | (0.65) | (0.54) | -- | (0.09) | (0.11) | (0.10) | -- | -- | -- |
| Diluted EPS | (0.06) | (0.14) | (0.06) | (0.21) | 0.10 | (0.36) | (0.30) | (0.26) | (0.21) | (0.43) | (0.24) | (0.65) | (0.54) | -- | (0.09) | (0.11) | (0.10) | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q4
2026 | Q3
2026 | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | (1.69) | (2.23) | (3.14) | (1.80) | (2.95) | (4.11) | (7.83) | (2.09) | (1.89) | (8.35) | (3.60) | (6.24) | (3.14) | (3.72) | (3.44) | (5.43) | (1.62) | (4.58) | (6.10) | (3.40) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (3.44) |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | (0.01) | 6.55 | (6.55) | 0.11 | (0.01) | 0.00 | 0.01 | (5.00) | (0.10) | 13.26 | (8.42) | 0.56 | 2.84 | (6.93) |
| Financing Cash Flow | 0.00 | 4.04 | 0.00 | (0.33) | 14.03 | 0.00 | 0.00 | 0.00 | 0.00 | 7.36 | -- | 0.00 | 0.00 | 0.00 | 0.11 | 0.20 | 34.54 | 0.00 | 0.00 | 0.00 |
* Derived from reported values
