Financial Statements — PRAX
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 | 0.54 | 0.15 | 0.16 | 0.17 | 0.17 | 0.15 | 0.15 | 0.10 | 0.12 | 0.08 | 0.06 | 0.06 | 0.08 | 0.17 | 0.18 | 0.13 |
| Short-term Investments | 0.25 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.80 | 0.27 | 0.31 | 0.33 | 0.36 | 0.36 | 0.21 | 0.10 | 0.13 | 0.09 | 0.13 | 0.18 | 0.23 | 0.32 | 0.35 | 0.28 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 0.66 | 0.12 | 0.15 | 0.15 | 0.06 | 0.08 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 |
| Total Assets | 1.46 | 0.40 | 0.45 | 0.48 | 0.42 | 0.44 | 0.25 | 0.11 | 0.13 | 0.10 | 0.14 | 0.18 | 0.24 | 0.32 | 0.35 | 0.28 |
| Accounts Payable | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.02 | 0.02 | 0.01 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.03 | 0.02 | 0.01 |
| Retained Earnings | (1.23) | (1.05) | (0.98) | (0.91) | (0.78) | (0.73) | (0.69) | (0.63) | (0.60) | (0.57) | (0.49) | (0.45) | (0.39) | (0.26) | (0.21) | (0.18) |
| Total Stockholder Equity | 1.41 | 0.34 | 0.40 | 0.44 | 0.38 | 0.42 | 0.23 | 0.09 | 0.11 | 0.06 | 0.11 | 0.14 | 0.19 | 0.30 | 0.33 | 0.27 |
* 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 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 7.46 | 0.30 | 0.36 | 0.43 | 0.52 | 0.47 | 0.78 | 0.68 | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 77.99 | 77.51 | 65.80 | 63.01 | 60.81 | 56.29 | 41.88 | 27.26 | 26.98 | 18.39 | 17.26 | 25.61 | 25.50 | 28.33 | 30.44 | 43.62 | 52.65 | 43.51 | 33.14 | 25.68 |
| Selling, General & Admin | 27.87 | 19.54 | 12.56 | 13.06 | 13.92 | 15.13 | 15.26 | 10.59 | 15.33 | 9.93 | 8.72 | 10.13 | 13.27 | 13.12 | 13.85 | 16.77 | 16.20 | 15.15 | 11.63 | 10.81 |
| Total Operating Expenses | 105.86 | 97.04 | 78.36 | 76.07 | 74.73 | 71.42 | 57.14 | 37.85 | 42.32 | 28.32 | 25.98 | 35.74 | 38.77 | 41.45 | 44.29 | 60.39 | 68.85 | 58.66 | 44.77 | 36.48 |
| Operating Income | (105.86) | (97.04) | (78.36) | (76.07) | (74.73) | (63.96) | (56.83) | (37.49) | (41.89) | (27.81) | (25.52) | (34.96) | (38.09) | (41.45) | (44.29) | (60.39) | (68.85) | (58.66) | (44.77) | (36.48) |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (43.94) | -- | -- | (58.59) | (44.70) | (36.40) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- | -0.00 | 0.01 | 0.00 |
| Net Income | (92.56) | (88.91) | (73.93) | (71.13) | (69.30) | (58.68) | (51.91) | (32.68) | (39.55) | (26.88) | (24.63) | (34.31) | (37.45) | (41.17) | (43.94) | (60.19) | (68.72) | (58.58) | (44.70) | (36.40) |
| Basic EPS | (3.20) | (3.52) | (3.36) | (3.31) | (3.29) | (2.88) | (2.75) | (1.74) | (2.84) | (17.31) | (0.18) | (0.49) | (0.71) | (0.85) | (0.96) | (1.32) | (1.51) | (1.33) | (1.00) | (0.88) |
| Diluted EPS | (3.20) | (3.52) | (3.36) | (3.31) | (3.29) | (2.88) | (2.75) | (1.74) | (2.84) | (17.31) | (0.18) | (0.49) | (0.71) | (0.85) | (0.96) | (1.32) | (1.51) | (1.33) | (1.00) | (0.88) |
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 | (86.15) | (76.32) | (65.06) | (54.68) | (53.01) | (56.12) | (27.50) | (27.28) | (20.86) | (23.86) | (23.21) | (31.21) | (32.85) | (28.81) | (44.92) | (57.21) | (54.11) | (44.86) | (23.96) | (30.01) |
| Capital Expenditures | 0.06 | 0.00 | 0.00 | 0.06 | -- | -- | -- | -- | -- | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.11 | 0.29 | 0.53 | 0.00 | 0.07 |
| Free Cash Flow* | (86.21) | (76.32) | (65.06) | (54.73) | -- | -- | -- | -- | -- | (23.91) | (23.21) | (31.21) | (32.85) | (28.81) | (44.96) | (57.32) | (54.40) | (45.39) | (23.96) | (30.08) |
| Investing Cash Flow | (344.27) | (328.39) | 50.41 | 17.89 | (51.06) | (10.92) | 49.57 | (195.92) | (91.22) | (0.05) | 0.00 | 5.00 | 34.00 | 22.59 | 47.96 | 34.89 | (8.55) | 10.17 | 13.55 | (24.23) |
| Financing Cash Flow | 609.43 | 612.52 | 6.76 | 28.63 | 54.27 | 113.77 | 1.44 | 216.36 | 182.76 | 4.13 | 0.00 | 69.68 | 18.07 | 5.39 | 3.37 | 0.50 | 1.21 | 7.71 | 0.21 | 99.39 |
* Derived from reported values
