Financial Statements — ONC
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 | 4.79 | 4.04 | 2.76 | 2.52 | 2.70 | 2.59 | 2.79 | 3.07 | 3.41 | 3.54 | 4.20 | 4.53 | 4.35 | 1.38 | 1.78 | 1.90 |
| Accounts Receivable | 0.94 | 0.86 | 0.77 | 0.72 | 0.57 | 0.53 | 0.44 | 0.31 | 0.30 | 0.31 | 0.19 | 0.17 | 0.19 | 0.13 | 0.07 | 0.08 |
| Inventory | 0.68 | 0.53 | 0.50 | 0.49 | 0.43 | 0.44 | 0.45 | 0.32 | 0.32 | 0.30 | 0.29 | 0.26 | 0.25 | 0.15 | 0.12 | 0.07 |
| Total Current Assets | 6.60 | 5.66 | 4.31 | 3.90 | 3.91 | 3.84 | 3.91 | 4.05 | 4.40 | 4.70 | 5.75 | 6.35 | 6.95 | 4.43 | 4.80 | 5.14 |
| Property, Plant & Equipment | 1.64 | 1.63 | 1.62 | 1.60 | 1.56 | 1.52 | 1.42 | 1.18 | 1.03 | 0.93 | 0.68 | 0.63 | 0.62 | 0.45 | 0.40 | 0.37 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 0.06 | 0.06 | 0.06 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.01 | 0.01 | 0.00 |
| Total Non-current Assets | 1.95 | 1.97 | 1.99 | 1.95 | 1.92 | 1.87 | 1.76 | 1.47 | 1.33 | 1.25 | 0.98 | 1.03 | 1.07 | 0.85 | 0.73 | 0.68 |
| Total Assets | 8.55 | 7.63 | 6.30 | 5.84 | 5.83 | 5.71 | 5.67 | 5.52 | 5.73 | 5.96 | 6.73 | 7.38 | 8.02 | 5.29 | 5.52 | 5.82 |
| Accounts Payable | 0.42 | 0.38 | 0.36 | 0.36 | 0.31 | 0.33 | 0.36 | 0.34 | 0.27 | 0.24 | 0.25 | 0.23 | 0.24 | 0.21 | 0.17 | 0.15 |
| Short-term Debt | 0.01 | 0.81 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 1.81 | 2.37 | 2.21 | 1.98 | 2.03 | 1.94 | 1.88 | 1.28 | 1.41 | 1.25 | 1.41 | 1.40 | 1.38 | 1.30 | 1.24 | 1.11 |
| Long-term Debt | 0.84 | -- | 0.15 | 0.16 | 1.32 | 1.35 | 1.44 | 1.48 | 1.50 | 1.42 | 1.48 | 1.24 | 1.28 | 1.29 | 1.26 | 1.26 |
| Total Non-current Liabilities | 1.98 | 1.13 | 0.32 | 0.36 | 0.37 | 0.41 | 0.43 | 0.48 | 0.53 | 0.54 | 0.66 | 0.68 | 0.76 | 0.62 | 0.68 | 0.70 |
| Total Liabilities | 3.79 | 3.50 | 2.53 | 2.34 | 2.39 | 2.35 | 2.31 | 1.76 | 1.93 | 1.80 | 2.07 | 2.08 | 2.14 | 1.93 | 1.92 | 1.82 |
| Retained Earnings | (8.09) | (8.39) | (8.51) | (8.61) | (8.45) | (8.33) | (8.21) | (7.59) | (7.81) | (7.43) | (6.64) | (5.97) | (5.40) | (4.38) | (3.97) | (3.49) |
| Total Stockholder Equity | 4.76 | 4.13 | 3.77 | 3.50 | 3.44 | 3.37 | 3.36 | 3.76 | 3.80 | 4.16 | 4.66 | 5.30 | 5.89 | 3.36 | 3.61 | 4.00 |
Income Statement
(in billions 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 | 1.51 | 1.50 | 1.41 | 1.32 | 1.12 | 1.13 | 1.00 | 0.93 | 0.75 | 0.63 | 0.78 | 0.60 | 0.45 | 0.38 | 0.39 | 0.34 | 0.31 | 0.21 | 0.21 | 0.15 |
| Cost of Revenue* | 0.17 | 0.14 | 0.20 | 0.16 | 0.17 | 0.16 | 0.17 | 0.14 | 0.12 | 0.11 | 0.10 | 0.10 | 0.08 | 0.07 | 0.08 | 0.07 | 0.07 | 0.05 | 0.05 | 0.04 |
| Gross Profit* | 1.35 | 1.36 | 1.22 | 1.15 | 0.95 | 0.97 | 0.83 | 0.79 | 0.63 | 0.53 | 0.68 | 0.50 | 0.37 | 0.31 | 0.31 | 0.27 | 0.24 | 0.08 | 0.16 | 0.69 |
| Research & Development | 0.54 | 0.62 | 0.52 | 0.52 | 0.48 | 0.54 | 0.50 | 0.45 | 0.46 | 0.49 | 0.45 | 0.42 | 0.41 | 0.45 | 0.43 | 0.38 | 0.39 | 0.43 | 0.35 | 0.36 |
| Selling, General & Admin | 0.56 | 0.56 | 0.53 | 0.54 | 0.46 | 0.50 | 0.46 | 0.44 | 0.43 | 0.42 | 0.36 | 0.40 | 0.33 | 0.33 | 0.32 | 0.33 | 0.29 | 0.31 | 0.27 | 0.23 |
| Total Operating Expenses* | 1.10 | 1.17 | 1.05 | 1.06 | 0.94 | 1.05 | 0.95 | 1.79 | 0.89 | 0.91 | 0.82 | 0.82 | 0.74 | 0.78 | 0.75 | 0.71 | 0.68 | 0.74 | 0.62 | 1.09 |
| Operating Income | 0.25 | 0.19 | 0.16 | 0.09 | 0.01 | (0.08) | (0.12) | (0.11) | (0.26) | (0.38) | (0.13) | (0.32) | (0.37) | (0.47) | (0.44) | (0.44) | (0.44) | (0.57) | (0.46) | (0.47) |
| Pretax Income | 0.26 | 0.15 | 0.15 | 0.10 | 0.02 | (0.09) | (0.10) | (0.11) | (0.24) | (0.35) | 0.23 | (0.37) | (0.34) | (0.43) | (0.55) | (0.56) | (0.42) | (0.59) | (0.43) | (0.48) |
| Tax Provision | 0.03 | 0.08 | 0.02 | 0.01 | 0.02 | 0.07 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -0.00 | (0.02) | -0.00 |
| Net Income | 0.23 | 0.07 | 0.12 | 0.09 | 0.00 | (0.15) | (0.12) | (0.12) | (0.25) | (0.37) | 0.22 | (0.38) | (0.35) | (0.44) | (0.56) | (0.57) | (0.43) | (0.59) | (0.41) | (0.48) |
| Basic EPS | 0.16 | 0.04 | 0.09 | 0.07 | 0.00 | (0.10) | (0.09) | (0.09) | (0.19) | (0.27) | 0.16 | (0.28) | (0.26) | (0.32) | (0.41) | (0.43) | (0.33) | (0.49) | (0.34) | (0.40) |
| Diluted EPS | 0.15 | 0.05 | 0.08 | 0.06 | 0.00 | (0.10) | (0.09) | (0.09) | (0.19) | (0.26) | 0.15 | (0.28) | (0.26) | (0.32) | (0.41) | (0.43) | (0.33) | (0.46) | -- | -- |
* Derived from reported values
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 | 0.20 | 0.42 | 0.40 | 0.26 | 0.04 | 0.08 | 0.19 | (0.10) | (0.31) | (0.22) | (0.08) | (0.29) | (0.56) | (0.32) | (0.56) | (0.38) | (0.24) | (0.51) | (0.50) | (0.42) |
| Capital Expenditures | 0.04 | 0.04 | 0.05 | 0.04 | 0.06 | 0.09 | 0.13 | 0.11 | 0.16 | 0.16 | 0.16 | 0.12 | 0.13 | 0.12 | 0.11 | 0.05 | 0.05 | 0.11 | 0.07 | 0.04 |
| Free Cash Flow* | 0.16 | 0.38 | 0.35 | 0.22 | (0.01) | (0.02) | 0.05 | (0.21) | (0.47) | (0.38) | (0.24) | (0.42) | (0.69) | (0.44) | (0.67) | (0.43) | (0.28) | (0.62) | (0.56) | (0.46) |
| Investing Cash Flow | (0.05) | (0.04) | (0.05) | (0.07) | (0.12) | (0.09) | (0.13) | (0.11) | (0.21) | (0.06) | (0.19) | 0.07 | 0.24 | 0.04 | 0.17 | 0.66 | 0.21 | 0.11 | (0.01) | 0.25 |
| Financing Cash Flow | 0.07 | 0.10 | 0.96 | 0.04 | (0.03) | -0.00 | 0.01 | 0.02 | 0.16 | 0.35 | (0.08) | 0.17 | (0.02) | (0.11) | 0.12 | (0.02) | (0.01) | 3.38 | 0.11 | 0.04 |
* Derived from reported values
