Financial Statements — GRDX
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 | Q1
2021 |
|---|
| Cash & Equivalents | 0.39 | 2.52 | 0.00 | 0.06 | 0.37 | 0.66 | 3.43 | 3.29 | 1.24 | 2.06 | 1.66 | 1.16 | 5.69 | 7.21 | 8.07 | 12.03 |
| Accounts Receivable | 0.04 | 0.04 | -- | -- | -- | -- | -- | -- | -- | 0.02 | 0.19 | 0.07 | 0.03 | 0.00 | 0.00 | 0.50 |
| Total Current Assets | 2.58 | 87.70 | 83.32 | 83.46 | 83.84 | 84.39 | 7.49 | 3.98 | 2.35 | 3.53 | 2.55 | 1.79 | 6.55 | 7.50 | 8.62 | 13.17 |
| Property, Plant & Equipment | -- | 0.03 | -- | -- | -- | 0.00 | 0.03 | 0.02 | 0.03 | 0.04 | 0.05 | 0.06 | 0.07 | 0.08 | 0.09 | 0.00 |
| Goodwill | 24.12 | 25.80 | 1.68 | 1.68 | 1.68 | 1.68 | 20.04 | 1.68 | 1.68 | 1.68 | 1.71 | 1.76 | 1.86 | 1.94 | 1.99 | 1.97 |
| Intangible Assets | 21.26 | -- | 0.34 | 0.34 | 0.34 | 0.34 | 0.37 | -- | -- | -- | -- | -- | -- | 2.48 | 3.80 | -- |
| Total Non-current Assets* | 45.38 | 47.67 | 1.74 | 1.74 | 1.98 | 1.90 | 83.64 | 1.95 | 1.97 | 2.00 | 2.10 | 2.14 | 2.28 | 4.92 | 5.16 | 4.81 |
| Total Assets | 47.97 | 135.37 | 85.06 | 85.20 | 85.82 | 86.29 | 91.13 | 5.93 | 4.33 | 5.53 | 4.65 | 3.93 | 8.83 | 12.42 | 13.78 | 17.98 |
| Accounts Payable | 4.07 | 4.97 | 3.30 | 2.85 | 2.21 | 2.01 | 2.00 | 0.58 | 1.59 | 0.47 | 3.58 | 3.97 | 3.45 | 18.58 | 4.64 | 1.71 |
| Short-term Debt | -- | -- | -- | -- | -- | 0.18 | 0.39 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 16.23 | 33.52 | 29.68 | 28.74 | 15.69 | 15.38 | 6.17 | 2.48 | 3.26 | 2.62 | 6.69 | 17.28 | 14.22 | 19.10 | 6.45 | 3.57 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | 6.40 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 4.24 | 12.29 | 0.00 | 0.00 | 0.08 | 0.10 | 7.10 | 0.17 | 0.18 | 0.20 | 0.23 | 0.83 | 3.85 | 0.30 | 0.29 | 0.01 |
| Total Liabilities | 20.47 | 45.81 | 29.68 | 28.74 | 15.77 | 15.49 | 13.27 | 2.65 | 3.45 | 2.82 | 6.93 | 18.12 | 18.07 | 19.39 | 6.74 | 3.58 |
| Retained Earnings | (212.11) | (205.80) | (204.65) | (203.65) | (190.15) | (187.57) | (178.76) | (180.23) | (176.79) | (172.60) | (164.55) | (168.94) | (163.53) | (142.73) | (112.33) | (103.05) |
| Total Stockholder Equity* | 27.49 | 89.56 | (6.30) | (5.22) | 8.37 | 9.12 | 16.18 | 3.28 | 0.88 | 2.71 | (2.28) | (14.19) | (9.24) | (6.97) | 7.04 | 14.40 |
* 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 | 0.04 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 0.65 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | (0.61) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 0.63 | 0.89 | 0.01 | 0.01 | 0.02 | (0.09) | 0.21 | 0.22 | 0.57 | 1.31 | 1.01 | 1.35 | 1.36 | 0.10 | 0.79 | 2.91 | 4.98 | -- | 24.38 | 5.65 |
| Selling, General & Admin | 2.37 | 3.14 | 0.93 | 0.63 | 0.81 | 1.17 | 1.69 | 3.21 | 8.66 | 2.79 | 2.42 | 2.83 | 2.70 | 2.18 | 2.90 | 2.50 | 4.41 | 3.04 | 6.02 | 3.63 |
| Total Operating Expenses | 3.00 | 4.03 | 0.93 | 0.64 | 0.82 | 1.08 | 1.89 | 3.43 | 9.23 | 4.09 | 3.43 | 4.18 | 4.06 | 2.28 | (4.39) | 5.41 | 9.38 | 11.17 | 30.40 | -- |
| Operating Income | (3.61) | (4.69) | (0.93) | (0.64) | (0.82) | (1.08) | (1.89) | (3.43) | (9.23) | (4.09) | (3.43) | (4.18) | (4.06) | (2.28) | 4.39 | (5.41) | (9.38) | (11.17) | (30.40) | (9.28) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.07 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Pretax Income | (3.74) | (4.05) | (0.97) | (0.67) | (0.95) | -- | (1.90) | (3.43) | (9.29) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | (0.30) | -- | -- | -- | -- | -- | 0.00 | 4.26 | (14.86) | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- |
| Net Income | (3.44) | (2.98) | (1.15) | (1.00) | (1.26) | (12.24) | (2.58) | (8.81) | 5.57 | (4.10) | (3.43) | (4.19) | (4.07) | (3.99) | 4.39 | (5.41) | (9.63) | (11.17) | (30.40) | (9.28) |
| Basic EPS | (0.82) | (2.92) | (0.75) | (0.21) | (0.28) | (4.00) | (0.59) | (3.86) | 3.12 | (43.71) | (0.46) | (1.89) | (1.82) | (22.73) | 2.64 | (0.25) | (0.66) | -- | -- | -- |
| Diluted EPS | (0.82) | (2.92) | (0.75) | (0.21) | (0.28) | (1.26) | (0.59) | (3.86) | 0.38 | (43.71) | (0.46) | (1.89) | (1.82) | (22.69) | 2.60 | (0.25) | (0.66) | -- | -- | -- |
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 | (1.79) | (3.97) | (0.86) | (0.05) | (0.82) | (0.17) | (1.85) | (3.45) | (3.75) | (3.44) | (3.33) | (2.76) | (2.85) | (5.59) | (4.25) | (4.59) | (7.91) | (5.86) | (15.73) | (5.62) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -0.00 | 0.07 | -- | -0.00 | 0.07 | 0.07 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (4.25) | (4.66) | -- | (5.86) | (15.80) | (5.70) |
| Investing Cash Flow | -- | (0.01) | 0.34 | -- | -- | 0.00 | 0.00 | 0.00 | 0.09 | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | (1.25) | (9.07) |
| Financing Cash Flow | 1.45 | 2.16 | 3.03 | 0.00 | 0.70 | (0.03) | 1.55 | 0.68 | 3.38 | 4.36 | 5.39 | 1.93 | 3.55 | 5.52 | 4.77 | 0.08 | 5.37 | 6.82 | 16.11 | 10.78 |
* Derived from reported values
