Financial Statements — SEZL
Balance Sheet
(in millions 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 |
|---|
| Cash & Equivalents | 120.45 | 104.15 | 88.94 | 88.89 | 80.06 | 58.03 | 77.78 | 65.15 | 62.09 | 59.04 | 57.87 | 62.08 | 58.37 | 43.97 | 58.18 |
| Total Current Assets | 411.19 | 329.45 | 311.53 | 265.95 | 232.43 | 190.47 | 191.68 | 176.20 | 152.68 | 150.97 | 156.89 | 158.02 | 176.68 | 167.05 | 164.76 |
| Property, Plant & Equipment | -- | -- | -- | -- | -- | -- | -- | 0.17 | 0.21 | 0.27 | 0.38 | 0.47 | 0.61 | 0.65 | 0.51 |
| Intangible Assets | 3.74 | 3.09 | 2.78 | 2.40 | 2.29 | 2.20 | 2.06 | 1.79 | 1.66 | 1.45 | 1.29 | 1.21 | 1.12 | 0.79 | 0.74 |
| Total Non-current Assets* | 43.12 | 37.51 | 39.02 | 32.13 | 20.44 | 21.61 | 4.02 | 3.70 | 2.59 | 2.50 | 2.05 | 2.12 | 2.21 | 1.62 | 1.49 |
| Total Assets | 454.31 | 366.96 | 350.55 | 298.07 | 252.87 | 212.08 | 195.71 | 179.90 | 155.28 | 153.48 | 158.94 | 160.14 | 178.90 | 168.67 | 166.26 |
| Accounts Payable | 57.57 | 57.83 | 60.48 | 65.38 | 70.45 | 71.25 | 73.73 | 68.18 | 67.42 | 65.27 | 83.76 | 85.31 | 95.27 | 90.74 | 88.93 |
| Total Current Liabilities | 112.60 | 93.66 | 88.87 | 101.60 | 96.88 | 91.95 | 92.94 | 83.44 | 78.68 | 77.42 | 99.28 | 102.65 | 113.97 | 104.89 | 101.57 |
| Total Non-current Liabilities* | 144.98 | 118.03 | 131.28 | 70.71 | 94.85 | 69.84 | 73.15 | 78.49 | 60.33 | 62.40 | 53.93 | 57.34 | 52.20 | 3.97 | 19.78 |
| Total Liabilities | 257.58 | 211.69 | 220.15 | 172.31 | 191.73 | 161.79 | 166.10 | 161.93 | 139.00 | 139.82 | 153.21 | 159.99 | 166.17 | 108.86 | 121.35 |
| Retained Earnings | 28.27 | (19.15) | (45.83) | (53.61) | (115.14) | (125.96) | (149.92) | (160.46) | (161.75) | (162.89) | (166.13) | (170.48) | (155.39) | (101.48) | (82.65) |
| Total Stockholder Equity | 196.72 | 155.27 | 130.40 | 125.76 | 61.14 | 50.29 | 29.61 | 17.97 | 16.28 | 13.66 | 5.73 | 0.15 | 12.73 | 59.81 | 44.91 |
* 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 | 73.29 | 78.21 | 57.48 | 52.02 | 48.17 | 48.41 | 35.55 | 30.19 | 25.25 | 22.55 | 40.84 | 34.94 | 34.67 | 38.28 | 30.41 | 29.25 | 27.63 | 32.88 | 28.48 | 27.85 |
| Selling, General & Admin | 3.98 | 4.97 | 4.82 | 3.85 | 3.13 | 4.08 | 2.42 | 2.52 | 2.38 | 1.91 | 2.18 | 1.70 | 2.80 | 2.18 | 2.29 | 4.20 | 7.74 | 5.16 | 4.32 | 3.91 |
| Operating Income | 69.04 | 55.25 | 35.56 | 36.09 | 49.90 | 30.87 | 20.84 | 16.70 | 13.83 | 7.67 | 5.35 | 3.76 | 5.42 | 4.74 | 6.50 | (13.55) | (26.12) | (24.35) | (17.69) | (17.81) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 4.08 | 4.51 | 4.14 | 3.93 | 3.38 | 3.12 | 2.19 | 1.67 | 1.62 | 1.52 | 1.17 | 1.23 |
| Pretax Income | 65.99 | 51.58 | 31.63 | 32.67 | 47.01 | 27.73 | 17.61 | 13.58 | 8.40 | 3.50 | 1.31 | 1.16 | 1.74 | 0.66 | 4.36 | (15.07) | (27.97) | (25.92) | (18.82) | (19.04) |
| Tax Provision | 14.69 | 8.89 | 4.96 | 5.07 | 10.84 | 2.36 | 2.16 | (16.12) | 0.39 | 0.56 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 |
| Net Income | 51.30 | 42.69 | 26.67 | 27.60 | 36.16 | 25.37 | 15.45 | 29.70 | 8.01 | 2.94 | 1.29 | 1.14 | 1.72 | 0.63 | 4.34 | (15.08) | (27.99) | (25.92) | (18.83) | (19.06) |
| Basic EPS | 1.52 | 1.26 | 0.78 | 0.82 | 1.07 | 4.53 | 2.79 | 5.25 | 1.41 | 0.53 | 0.23 | 0.20 | 0.31 | 0.01 | 0.02 | (0.07) | (0.14) | (0.13) | (0.09) | (0.10) |
| Diluted EPS | 1.47 | 1.19 | 0.75 | 0.78 | 1.00 | 4.24 | 2.62 | 4.93 | 1.34 | 0.51 | 0.23 | 0.20 | 0.31 | 0.01 | 0.02 | (0.07) | (0.14) | (0.13) | (0.09) | (0.10) |
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 | 88.98 | 154.29 | 33.10 | (36.31) | 58.84 | 0.97 | 5.71 | (4.39) | 38.61 | (15.02) | (13.15) | 6.55 | (4.07) | 1.44 | 0.95 | (1.69) | 7.81 | (40.89) | (25.65) | (5.59) |
| Capital Expenditures | 0.35 | 0.06 | 0.16 | 0.40 | 0.03 | 0.03 | 0.01 | 0.02 | 0.00 | 0.03 | (0.02) | 0.03 | 0.05 | 0.04 | (0.01) | (0.04) | 0.06 | 0.13 | 0.25 | 0.31 |
| Free Cash Flow* | 88.63 | 154.23 | 32.93 | (36.72) | 58.81 | 0.94 | 5.70 | (4.42) | 38.61 | (15.04) | (13.13) | 6.53 | (4.13) | 1.40 | 0.96 | (1.65) | 7.75 | (41.02) | (25.90) | (5.90) |
| Investing Cash Flow | (22.49) | (179.47) | (0.77) | (1.02) | (0.31) | (0.41) | (0.28) | (0.43) | (0.34) | (0.33) | (0.30) | (0.42) | (0.32) | (0.22) | (0.22) | (0.19) | (0.37) | (0.35) | (0.19) | (0.67) |
| Financing Cash Flow | (21.49) | (7.43) | (17.17) | 35.31 | (36.11) | 10.85 | 18.83 | (13.28) | (26.76) | 19.01 | 17.25 | (2.76) | (5.28) | 9.09 | (3.87) | 5.30 | (26.20) | 73.37 | 13.19 | (23.32) |
* Derived from reported values
