Financial Statements — IOT
Balance Sheet
(in billions USD)| Metric | Q1
2027 | Q3
2026 | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 |
|---|
| Cash & Equivalents | 0.22 | 0.28 | 0.26 | 0.26 | 0.16 | 0.16 | 0.16 | 0.21 | 0.20 | 0.19 | 0.45 | 0.83 | 0.86 |
| Accounts Receivable | 0.28 | 0.26 | 0.25 | 0.22 | 0.18 | 0.18 | 0.14 | 0.12 | 0.12 | 0.10 | 0.09 | 0.08 | 0.08 |
| Inventory | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.04 | 0.04 | 0.04 |
| Total Current Assets | 1.48 | 1.26 | 1.19 | 1.13 | 1.04 | 1.04 | 0.92 | 0.94 | 0.98 | 0.97 | 0.96 | 1.04 | 1.07 |
| Property, Plant & Equipment | 0.08 | 0.08 | 0.07 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 |
| Total Non-current Assets | 0.14 | 0.14 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.15 | 0.16 | 0.18 | 0.18 | 0.18 |
| Total Assets | 2.61 | 2.31 | 2.21 | 2.07 | 1.86 | 1.83 | 1.75 | 1.69 | 1.64 | 1.60 | 1.55 | 1.53 | 1.54 |
| Accounts Payable | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.02 | 0.04 |
| Total Current Liabilities | 0.91 | 0.81 | 0.79 | 0.74 | 0.65 | 0.65 | 0.60 | 0.51 | 0.48 | 0.44 | 0.38 | 0.34 | 0.35 |
| Total Non-current Liabilities* | 0.19 | 0.20 | 0.20 | 0.20 | 0.21 | 0.21 | 0.22 | 0.23 | 0.23 | 0.24 | 0.23 | 0.23 | 0.23 |
| Total Liabilities | 1.11 | 1.01 | 0.99 | 0.95 | 0.86 | 0.86 | 0.83 | 0.74 | 0.71 | 0.68 | 0.61 | 0.58 | 0.58 |
| Retained Earnings | (1.57) | (1.64) | (1.65) | (1.63) | (1.60) | (1.56) | (1.51) | (1.34) | (1.30) | (1.24) | (1.11) | (1.06) | (0.99) |
| Total Stockholder Equity | 1.51 | 1.30 | 1.21 | 1.13 | 1.00 | 0.96 | 0.92 | 0.95 | 0.94 | 0.92 | 0.94 | 0.95 | 0.96 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2027 | Q4
2026 | Q3
2026 | 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 |
|---|
| Total Revenue | 478.84 | 444.30 | 415.98 | 391.48 | 366.88 | 346.29 | 321.98 | 300.20 | 280.73 | 276.27 | 237.53 | 219.26 | 204.32 | 186.58 | 169.80 | 153.52 | 142.65 |
| Cost of Revenue | 117.70 | 105.92 | 96.96 | 90.50 | 83.17 | 80.30 | 76.03 | 73.36 | 68.63 | 69.02 | 61.59 | 58.87 | 57.56 | 51.53 | 47.25 | 44.26 | 39.62 |
| Gross Profit | 361.14 | 338.38 | 319.01 | 300.98 | 283.71 | 265.99 | 245.95 | 226.84 | 212.10 | 207.25 | 175.95 | 160.39 | 146.76 | 135.05 | 122.55 | 109.27 | 103.03 |
| Research & Development | 97.57 | 89.52 | 86.22 | 85.61 | 83.24 | 73.28 | 76.99 | 76.48 | 72.97 | 73.43 | 60.82 | 63.97 | 60.37 | 54.60 | 49.97 | 41.85 | 40.99 |
| Selling, General & Admin | 52.78 | 63.94 | 66.12 | 67.90 | 68.33 | 57.20 | 62.66 | 57.06 | 57.69 | 55.16 | 48.35 | 48.27 | 43.27 | 43.69 | 42.00 | 41.36 | 43.74 |
| Total Operating Expenses | 353.95 | 329.36 | 320.73 | 327.60 | 316.97 | 284.40 | 293.32 | 285.03 | 278.10 | 330.25 | 230.72 | 230.15 | 222.59 | 195.04 | 186.02 | 175.05 | 173.23 |
| Operating Income | 7.20 | 9.02 | (1.72) | (26.62) | (33.26) | (18.41) | (47.37) | (58.19) | (66.00) | (123.00) | (54.77) | (69.75) | (75.82) | (59.99) | (63.48) | (65.78) | (70.20) |
| Pretax Income | 48.93 | 27.54 | 9.10 | (15.19) | (20.53) | (8.62) | (37.31) | (48.57) | (55.91) | (111.53) | (45.39) | (59.53) | (66.93) | (51.47) | (57.86) | (64.24) | (70.26) |
| Tax Provision | 4.42 | 5.50 | 1.33 | 1.61 | 1.59 | 2.58 | 0.49 | 1.04 | 0.38 | 1.84 | 0.14 | 0.43 | 0.93 | 2.13 | 0.69 | 0.04 | 0.72 |
| Net Income | 44.51 | 22.04 | 7.77 | (16.80) | (22.12) | (11.20) | (37.81) | (49.61) | (56.29) | (113.37) | (45.53) | (59.97) | (67.86) | (53.60) | (58.55) | (64.28) | (70.99) |
| Basic EPS | 0.08 | 0.04 | 0.01 | (0.03) | (0.04) | (0.02) | (0.07) | (0.09) | (0.10) | (0.22) | (0.08) | (0.11) | (0.13) | (0.10) | (0.11) | (0.13) | (0.14) |
| Diluted EPS | 0.08 | 0.04 | 0.01 | (0.03) | (0.04) | (0.02) | (0.07) | (0.09) | (0.10) | (0.22) | (0.08) | (0.11) | (0.13) | (0.10) | (0.11) | (0.13) | (0.14) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2027 | Q4
2026 | Q3
2026 | 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 |
|---|
| Operating Cash Flow | 81.41 | 69.73 | 63.70 | 50.16 | 52.61 | 53.86 | 36.01 | 18.12 | 23.67 | (41.88) | 11.89 | 7.72 | 10.45 | (4.37) | (41.26) | (36.98) | (48.78) |
| Capital Expenditures | 8.24 | 8.02 | 7.86 | 5.97 | 6.92 | 5.35 | 4.78 | 4.99 | 5.06 | 2.10 | 3.36 | 3.00 | 2.50 | 6.00 | 10.31 | 6.26 | 10.67 |
| Free Cash Flow* | 73.18 | 61.72 | 55.85 | 44.19 | 45.69 | 48.51 | 31.24 | 13.13 | 18.61 | (43.97) | 8.53 | 4.72 | 7.96 | (10.38) | (51.57) | (43.24) | (59.45) |
| Investing Cash Flow | (149.19) | (54.82) | (48.27) | (68.16) | (18.29) | 0.48 | (33.86) | (36.29) | 3.05 | (42.64) | (1.45) | (16.86) | (17.73) | (249.31) | (365.60) | (6.26) | (10.67) |
| Financing Cash Flow | (34.43) | 12.02 | (0.14) | 18.40 | (0.36) | 11.49 | (0.37) | 15.67 | 0.31 | 8.98 | (0.24) | 12.54 | (0.29) | 6.73 | (0.38) | 9.74 | (1.73) |
* Derived from reported values
