Financial Statements — RVMD
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.44 | 0.22 | 0.40 | 0.33 | 0.20 | 0.28 | 0.29 | 0.36 | 0.38 | 0.18 | 0.11 | 0.10 | 0.13 | 0.20 | 0.35 |
| Short-term Investments | 1.47 | 1.71 | 1.73 | 1.77 | 1.35 | 1.32 | 1.42 | 0.45 | 0.53 | 0.48 | 0.36 | 0.42 | 0.48 | 0.45 | 0.33 |
| Total Current Assets | 1.97 | 1.98 | 2.18 | 2.13 | 1.58 | 1.62 | 1.73 | 0.82 | 0.92 | 0.68 | 0.48 | 0.53 | 0.62 | 0.66 | 0.70 |
| Property, Plant & Equipment | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 |
| Goodwill | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Intangible Assets | 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* | 0.29 | 0.27 | 0.25 | 0.23 | 0.18 | 0.18 | 0.18 | 0.16 | 0.15 | 0.15 | 0.15 | 0.15 | 0.11 | 0.11 | 0.11 |
| Total Assets | 2.25 | 2.25 | 2.43 | 2.37 | 1.76 | 1.81 | 1.91 | 0.98 | 1.07 | 0.83 | 0.63 | 0.68 | 0.73 | 0.77 | 0.81 |
| Accounts Payable | 0.08 | 0.07 | 0.06 | 0.05 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.29 | 0.25 | 0.18 | 0.16 | 0.11 | 0.11 | 0.09 | 0.09 | 0.08 | 0.07 | 0.06 | 0.06 | 0.05 | 0.05 | 0.04 |
| Total Non-current Liabilities* | 0.46 | 0.41 | 0.38 | 0.13 | 0.09 | 0.08 | 0.09 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.04 | 0.04 | 0.05 |
| Total Liabilities | 0.75 | 0.66 | 0.56 | 0.29 | 0.20 | 0.19 | 0.18 | 0.15 | 0.14 | 0.14 | 0.13 | 0.13 | 0.10 | 0.09 | 0.09 |
| Retained Earnings | (3.32) | (2.50) | (2.20) | (1.95) | (1.54) | (1.39) | (1.25) | (0.98) | (0.87) | (0.64) | (0.57) | (0.51) | (0.40) | (0.35) | (0.30) |
| Total Stockholder Equity | 1.50 | 1.60 | 1.87 | 2.08 | 1.57 | 1.62 | 1.73 | 0.84 | 0.93 | 0.68 | 0.50 | 0.55 | 0.64 | 0.69 | 0.72 |
* 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 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.74 | 0.00 | 3.82 | 15.33 | 3.36 | 9.12 | 7.58 | 9.46 | 1.10 | 8.70 | 10.13 |
| Research & Development | 343.97 | 294.94 | 262.51 | 224.13 | 205.75 | 187.52 | 151.75 | 134.93 | 118.02 | 148.48 | 107.74 | 97.98 | 66.13 | 69.46 | 61.00 | 56.49 | 53.68 | 46.47 | 45.94 | 40.86 |
| Selling, General & Admin | 101.25 | 66.68 | 52.76 | 40.58 | 35.01 | 28.79 | 23.96 | 21.71 | 22.84 | 32.24 | 15.51 | 14.64 | 10.91 | 10.43 | 10.20 | 9.04 | 8.69 | 7.79 | 7.30 | 6.67 |
| Total Operating Expenses | 445.22 | 361.63 | 315.27 | 264.71 | 240.76 | 216.31 | 175.71 | 156.64 | 140.86 | 180.73 | 123.25 | 112.62 | 77.04 | 79.89 | 71.21 | 65.53 | 62.37 | 54.26 | 53.23 | 47.53 |
| Operating Income | (445.22) | (361.63) | (315.27) | (264.71) | (240.76) | (216.31) | (175.71) | (156.64) | (140.86) | (179.98) | (123.25) | (108.80) | (61.71) | (76.53) | (62.09) | (57.95) | (52.91) | (53.16) | (44.53) | (37.40) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.01 |
| Pretax Income | (453.82) | (364.89) | (305.21) | (247.79) | (213.42) | (195.32) | (156.29) | (133.23) | (116.00) | (161.19) | (112.30) | (98.30) | (56.63) | (73.63) | (61.22) | (57.65) | (52.68) | (52.94) | (44.30) | (37.18) |
| Tax Provision | -- | -- | -- | -- | -- | (0.75) | 0.00 | 0.00 | 0.00 | 0.34 | (3.87) | 0.00 | (0.12) | (0.30) | 0.00 | 0.00 | 0.00 | -- | -- | -- |
| Net Income | (453.82) | (364.89) | (305.21) | (247.79) | (213.42) | (194.57) | (156.29) | (133.23) | (116.00) | (161.54) | (108.43) | (98.30) | (56.51) | (73.33) | (61.22) | (57.65) | (52.68) | (52.94) | (44.30) | (37.18) |
| Basic EPS | (2.29) | (1.90) | (1.61) | (1.31) | (1.13) | (1.13) | (0.94) | (0.81) | (0.70) | (1.21) | (0.99) | (0.92) | (0.61) | (0.87) | (0.82) | -- | -- | -- | -- | -- |
| Diluted EPS | (2.29) | (1.90) | (1.61) | (1.31) | (1.13) | (1.13) | (0.94) | (0.81) | (0.70) | (1.21) | (0.99) | (0.92) | (0.61) | (0.87) | (0.82) | -- | -- | -- | -- | -- |
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 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | (354.16) | (274.24) | (207.31) | (221.76) | (194.43) | (138.29) | (130.42) | (128.17) | (160.56) | (120.56) | (230.01) | (62.39) | (61.79) | (51.74) | (55.72) | (55.16) | (39.26) | (36.59) | (34.08) | (37.25) |
| Capital Expenditures | 1.54 | 1.93 | 3.35 | 7.45 | 3.27 | 1.22 | 3.52 | 2.40 | 3.17 | 2.32 | 5.41 | 1.76 | 2.88 | 3.53 | 2.53 | 1.89 | 1.18 | 0.45 | 1.31 | 3.58 |
| Free Cash Flow* | (355.70) | (276.16) | (210.66) | (229.21) | (197.70) | (139.51) | (133.94) | (130.57) | (163.73) | (122.88) | (235.42) | (64.15) | (64.66) | (55.26) | (58.24) | (57.05) | (40.45) | (37.04) | (35.39) | (40.83) |
| Investing Cash Flow | 172.62 | 74.88 | 24.85 | 34.28 | (15.95) | (392.90) | (21.47) | 107.94 | (247.97) | (380.40) | 37.80 | 4.00 | (7.10) | (123.44) | 62.40 | 44.03 | 8.53 | (30.18) | (122.78) | 2.31 |
| Financing Cash Flow | 238.74 | 365.66 | (1.59) | 256.58 | 0.87 | 873.81 | 77.29 | 7.50 | 0.81 | 839.35 | 389.85 | 324.21 | 51.36 | 248.34 | 1.43 | 0.31 | 10.73 | 0.32 | 0.87 | 282.26 |
* Derived from reported values
