Financial Statements — ADCT
Balance Sheet
(in billions USD)| Metric | Q2
2026 | 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 | 0.22 | 0.23 | 0.23 | 0.26 | 0.19 | 0.27 | 0.30 | 0.23 | 0.31 | 0.35 | 0.31 | 0.38 | 0.38 | 0.43 | 0.53 | 0.37 | 0.38 |
| Inventory | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | -- |
| Total Current Assets | 0.26 | 0.28 | 0.29 | 0.32 | 0.26 | 0.33 | 0.36 | 0.29 | 0.38 | 0.41 | 0.38 | 0.44 | 0.42 | 0.49 | 0.57 | 0.39 | 0.39 |
| Property, Plant & Equipment | -- | -- | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 | 0.02 | 0.02 | 0.02 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Assets | 0.28 | 0.29 | 0.29 | 0.32 | 0.27 | 0.35 | 0.37 | 0.31 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Payable | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 0.09 | 0.07 | 0.06 | 0.06 | 0.06 | 0.07 | 0.06 | 0.06 | 0.08 | 0.08 | 0.08 | 0.09 | 0.07 | 0.07 | 0.06 | 0.05 | 0.04 |
| Total Non-current Liabilities* | 0.42 | 0.44 | 0.47 | 0.46 | 0.45 | 0.45 | 0.45 | 0.44 | 0.44 | 0.44 | 0.35 | 0.34 | 0.33 | 0.35 | 0.39 | 0.17 | 0.12 |
| Total Liabilities | 0.51 | 0.51 | 0.53 | 0.52 | 0.51 | 0.52 | 0.50 | 0.50 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Retained Earnings | (1.69) | (1.67) | (1.63) | (1.59) | (1.53) | (1.46) | (1.42) | (1.38) | (1.24) | (1.19) | (1.14) | (1.06) | (1.01) | (0.94) | (0.89) | (0.82) | (0.75) |
| Total Stockholder Equity | (0.23) | (0.22) | (0.24) | (0.20) | (0.24) | (0.17) | (0.13) | (0.19) | (0.05) | (0.01) | 0.04 | 0.10 | 0.12 | 0.16 | 0.19 | 0.24 | 0.30 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | 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 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | 18.63 | 20.03 | 23.06 | 15.75 | 18.09 | 17.40 | 16.91 | 18.02 | 17.03 | 17.85 | 16.64 | 14.49 | 19.28 | 18.99 | 76.32 | 17.29 | 46.50 | 13.15 | 3.76 | -- |
| Research & Development | 17.37 | 19.88 | 18.18 | 26.80 | 30.09 | 28.93 | 27.10 | 32.50 | 24.30 | 25.74 | 30.33 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 9.70 | 9.90 | 9.46 | 8.33 | 8.82 | 9.96 | 9.62 | 10.00 | 10.24 | 12.03 | 11.30 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 51.90 | 59.07 | 70.56 | 79.44 | 86.70 | 86.86 | 70.94 | 74.24 | 70.67 |
| Operating Income | (25.41) | (25.24) | (17.92) | (30.97) | (44.15) | (28.46) | (32.44) | (35.56) | (29.04) | (33.61) | (39.98) | (37.40) | (39.79) | (51.57) | (3.11) | (69.41) | (40.36) | (57.79) | (70.48) | (70.67) |
| Interest Expense | -- | -- | -- | -- | -- | 12.23 | 11.92 | 13.12 | 12.68 | 12.50 | 12.91 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (16.57) | (32.97) | (6.81) | (40.97) | (55.39) | (38.44) | (31.05) | (43.62) | (35.71) | (45.76) | (39.87) | (47.89) | (53.73) | (59.69) | (51.32) | (65.32) | (17.83) | (71.40) | (72.33) | (51.42) |
| Tax Provision | 0.00 | 0.00 | (0.40) | 0.00 | 1.25 | 0.17 | (0.32) | 0.09 | 0.23 | 0.16 | 43.17 | (0.09) | (6.61) | (0.26) | (0.71) | (0.95) | (1.17) | 0.14 | 0.24 | 0.11 |
| Net Income | (16.57) | (32.97) | (6.41) | (40.97) | (56.65) | (38.60) | (30.73) | (43.97) | (36.54) | (46.61) | (85.03) | (47.81) | (47.12) | (59.43) | (50.61) | (64.37) | (16.66) | (71.55) | (72.57) | (51.53) |
| Basic EPS | (0.11) | (0.21) | 0.04 | (0.30) | (0.50) | (0.36) | (0.26) | (0.42) | (0.38) | (0.56) | (1.04) | (0.58) | (0.58) | (0.74) | (0.65) | (0.84) | (0.22) | (0.93) | -- | -- |
| Diluted EPS | (0.11) | (0.21) | 0.04 | (0.30) | (0.50) | (0.36) | (0.26) | (0.42) | (0.38) | (0.56) | (1.04) | (0.58) | (0.58) | (0.74) | (0.65) | (0.84) | (0.22) | (0.93) | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | (11.81) | (29.71) | (31.12) | (29.63) | (24.09) | (56.33) | (21.85) | (25.04) | (32.84) | (44.09) | (85.61) | (51.60) | (14.77) | (84.70) | (86.89) | (33.88) | (171.75) | (113.16) | (55.15) |
| Capital Expenditures | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.26 | 0.09 | 0.22 | 0.03 | 0.53 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (11.81) | (29.74) | (31.12) | (29.63) | (24.09) | (56.60) | (21.94) | (25.26) | (32.87) | (44.63) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | 0.00 | (0.03) | 0.66 | 0.00 | 0.00 | (0.26) | (0.09) | (0.22) | (0.03) | (0.53) | (2.69) | (2.03) | (1.02) | (2.39) | (2.14) | (1.45) | (5.84) | (3.50) | (0.66) |
| Financing Cash Flow | (0.10) | (0.58) | 57.09 | (0.20) | 93.78 | 0.27 | (1.12) | (0.88) | 98.70 | 0.36 | 72.24 | 74.54 | (0.20) | 1.86 | (0.51) | (0.26) | 268.61 | 49.31 | (0.30) |
* Derived from reported values
