Financial Statements — NET
Balance Sheet
(in billions 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 | 0.93 | 1.05 | 1.52 | 0.20 | 0.18 | 0.16 | 0.25 | 0.09 | 0.16 | 0.26 | 0.14 | 0.14 | 0.15 | 0.62 | 0.25 | 0.19 |
| Accounts Receivable | 0.38 | 0.35 | 0.31 | 0.29 | 0.25 | 0.25 | 0.21 | 0.20 | 0.18 | 0.18 | 0.13 | 0.12 | 0.13 | 0.08 | 0.08 | 0.07 |
| Total Current Assets | 4.72 | 4.54 | 4.41 | 2.62 | 2.16 | 2.09 | 2.02 | 1.86 | 1.82 | 1.95 | 1.82 | 1.81 | 1.89 | 1.93 | 1.15 | 1.14 |
| Property, Plant & Equipment | 0.63 | 0.59 | 0.55 | 0.51 | 0.40 | 0.34 | 0.33 | 0.31 | 0.29 | 0.30 | 0.26 | 0.24 | 0.20 | 0.18 | 0.16 | 0.14 |
| Goodwill | 0.23 | 0.18 | 0.18 | 0.18 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.15 | 0.03 | 0.02 | 0.02 | 0.02 |
| Intangible Assets | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.03 | 0.04 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 1.45 | 1.25 | 1.16 | 1.10 | 0.90 | 0.82 | 0.79 | 0.73 | 0.72 | 0.71 | 0.67 | 0.65 | 0.46 | 0.38 | 0.30 | 0.27 |
| Total Assets | 6.16 | 5.79 | 5.56 | 3.72 | 3.06 | 2.92 | 2.80 | 2.59 | 2.53 | 2.67 | 2.49 | 2.47 | 2.35 | 2.32 | 1.45 | 1.41 |
| Accounts Payable | 0.06 | 0.09 | 0.10 | 0.09 | 0.07 | 0.06 | 0.05 | 0.04 | 0.03 | 0.05 | 0.04 | 0.06 | 0.03 | 0.03 | 0.03 | 0.02 |
| Total Current Liabilities | 2.41 | 2.22 | 0.86 | 0.82 | 0.64 | 0.60 | 0.57 | 0.48 | 0.47 | 0.44 | 0.34 | 0.33 | 0.28 | 0.23 | 0.20 | 0.17 |
| Total Non-current Liabilities* | 2.23 | 2.22 | 3.47 | 1.47 | 1.45 | 1.44 | 1.43 | 1.41 | 1.42 | 1.57 | 1.56 | 1.56 | 1.56 | 1.24 | 0.44 | 0.43 |
| Total Liabilities | 4.64 | 4.44 | 4.32 | 2.30 | 2.09 | 2.04 | 2.00 | 1.89 | 1.89 | 2.01 | 1.90 | 1.89 | 1.84 | 1.46 | 0.64 | 0.60 |
| Retained Earnings | (1.23) | (1.19) | (1.19) | (1.14) | (1.09) | (1.07) | (1.06) | (1.00) | (0.97) | (0.88) | (0.79) | (0.75) | (0.69) | (0.60) | (0.50) | (0.46) |
| Total Stockholder Equity | 1.53 | 1.35 | 1.24 | 1.43 | 0.97 | 0.88 | 0.80 | 0.70 | 0.64 | 0.65 | 0.59 | 0.58 | 0.52 | 0.85 | 0.80 | 0.80 |
* 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 | 639.76 | 614.51 | 562.03 | 512.32 | 479.09 | 459.95 | 430.08 | 401.00 | 378.60 | 362.47 | 335.60 | 308.49 | 290.18 | 274.70 | 253.86 | 234.52 | 212.17 | 193.60 | 172.35 | 152.43 |
| Cost of Revenue | 184.16 | 161.96 | 146.32 | 128.68 | 115.58 | 108.69 | 95.97 | 89.01 | 85.04 | 83.28 | 78.07 | 75.22 | 70.43 | 67.79 | 61.97 | 55.80 | 47.05 | 42.50 | 37.53 | 35.03 |
| Gross Profit | 455.60 | 452.55 | 415.71 | 383.64 | 363.51 | 351.26 | 334.12 | 311.99 | 293.56 | 279.19 | 257.53 | 233.27 | 219.74 | 206.91 | 191.89 | 178.71 | 165.12 | 151.10 | 134.82 | 117.40 |
| Research & Development | 150.97 | 141.89 | 120.96 | 134.56 | 115.09 | 120.21 | 110.91 | 102.55 | 87.70 | 96.40 | 90.59 | 89.61 | 81.54 | 79.70 | 76.43 | 75.11 | 67.05 | 61.76 | 46.77 | 41.35 |
| Selling, General & Admin | 95.02 | 108.76 | 95.91 | 96.99 | 87.66 | 73.80 | 68.78 | 69.64 | 66.31 | 60.40 | 55.94 | 53.15 | 48.48 | 45.85 | 45.37 | 50.52 | 38.03 | 34.18 | 28.67 | 28.93 |
| Total Operating Expenses | 517.59 | 501.79 | 453.17 | 450.90 | 416.76 | 385.98 | 364.91 | 346.68 | 348.11 | 322.02 | 296.75 | 289.45 | 267.02 | 257.60 | 237.84 | 243.25 | 205.14 | 192.16 | 161.32 | 146.27 |
| Operating Income | (61.99) | (49.23) | (37.46) | (67.26) | (53.25) | (34.72) | (30.79) | (34.70) | (54.55) | (42.83) | (39.21) | (56.17) | (47.27) | (50.69) | (45.95) | (64.54) | (40.02) | (41.06) | (26.49) | (28.87) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 1.10 | 1.07 | 1.14 | 1.54 | 2.13 | 0.88 | 1.51 | 1.04 | 1.56 | 16.11 | 12.45 | 10.44 |
| Pretax Income | (21.40) | (10.51) | 1.85 | (47.29) | (36.76) | (10.84) | (12.82) | (13.93) | (33.27) | (25.81) | (22.28) | (93.00) | (36.77) | (44.84) | (41.17) | (63.71) | (41.01) | (56.93) | (110.43) | (39.82) |
| Tax Provision | 1.53 | 1.57 | 3.14 | 3.16 | 1.70 | 2.01 | 2.51 | 1.15 | 2.27 | 2.05 | 1.25 | 1.47 | 1.31 | 1.07 | 1.37 | (0.17) | 0.37 | 20.57 | (3.09) | (4.31) |
| Net Income | (22.93) | (12.08) | (1.29) | (50.45) | (38.45) | (12.85) | (15.33) | (15.08) | (35.54) | (27.86) | (23.53) | (94.47) | (38.08) | (45.92) | (42.55) | (63.54) | (41.38) | (77.50) | (107.33) | (35.51) |
| Basic EPS | (0.07) | (0.03) | 0.00 | (0.15) | (0.11) | (0.05) | (0.04) | (0.04) | (0.10) | (0.08) | (0.07) | (0.28) | (0.12) | (0.13) | (0.13) | (0.20) | (0.13) | (0.24) | (0.34) | (0.12) |
| Diluted EPS | (0.07) | (0.03) | 0.00 | (0.15) | (0.11) | (0.05) | (0.04) | (0.04) | (0.10) | (0.08) | (0.07) | (0.28) | (0.12) | (0.13) | (0.13) | (0.20) | (0.13) | (0.24) | (0.34) | (0.12) |
Cash Flow Statement
(in billions 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 | 0.16 | 0.19 | 0.17 | 0.10 | 0.15 | 0.13 | 0.10 | 0.07 | 0.07 | 0.09 | 0.07 | 0.06 | 0.04 | 0.08 | 0.04 | 0.04 | (0.04) | 0.04 | (0.01) | 0.01 |
| Capital Expenditures | 0.07 | 0.09 | 0.08 | 0.06 | 0.09 | 0.07 | 0.05 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.02 | 0.04 | 0.04 | 0.04 | 0.02 | 0.03 | 0.03 | 0.01 |
| Free Cash Flow* | 0.09 | 0.11 | 0.08 | 0.04 | 0.06 | 0.05 | 0.05 | 0.05 | 0.04 | 0.05 | 0.04 | 0.03 | 0.02 | 0.04 | 0.00 | 0.00 | (0.06) | 0.01 | (0.04) | (0.01) |
| Investing Cash Flow | (0.16) | (0.29) | (0.63) | (0.79) | (0.09) | (0.17) | (0.08) | (0.18) | 0.10 | (0.10) | (0.10) | 0.00 | 0.02 | (0.02) | (0.05) | (0.06) | (0.11) | (0.35) | (0.44) | 0.04 |
| Financing Cash Flow | (0.01) | -0.00 | -0.00 | 2.01 | 0.00 | 0.01 | -0.00 | 0.01 | 0.00 | 0.01 | (0.03) | (0.17) | 0.00 | 0.01 | 0.00 | 0.01 | (0.01) | 0.01 | 0.82 | 0.01 |
* Derived from reported values
