Financial Statements — APUS
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Cash & Equivalents | 0.28 | 0.98 | 6.99 | 8.74 | 0.25 |
| Short-term Investments | -- | 1.50 | -- | -- | -- |
| Total Current Assets | 10.68 | 13.15 | 9.09 | 10.35 | 0.26 |
| Property, Plant & Equipment | 0.05 | 0.06 | 0.03 | 0.01 | -- |
| Total Non-current Assets* | 116.95 | 128.07 | 0.16 | 0.20 | 0.00 |
| Total Assets | 127.62 | 141.22 | 9.25 | 10.55 | 0.26 |
| Accounts Payable | 3.22 | -- | 0.57 | 0.12 | 0.94 |
| Short-term Debt | -- | -- | -- | -- | 0.02 |
| Total Current Liabilities | 21.07 | 14.58 | 1.09 | 0.81 | 1.77 |
| Total Non-current Liabilities* | 0.10 | 0.12 | 0.00 | 0.00 | 0.25 |
| Total Liabilities | 21.18 | 14.70 | 1.09 | 0.81 | 2.02 |
| Retained Earnings | (65.63) | (45.45) | (9.24) | (7.46) | (4.79) |
| Total Stockholder Equity | 106.45 | 126.52 | 8.16 | 9.74 | (1.76) |
* 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 |
|---|
| Research & Development | 0.96 | 0.90 | 0.36 | 0.62 | 0.65 | -- |
| Selling, General & Admin | 5.32 | 11.28 | 6.68 | 1.22 | 2.01 | 0.36 |
| Total Operating Expenses | 6.28 | 12.19 | 7.04 | 1.84 | 2.66 | -- |
| Operating Income | (6.28) | (12.19) | (7.04) | (1.84) | (2.66) | (0.36) |
| Net Income | (20.17) | (35.06) | (1.16) | (1.78) | (2.66) | (0.40) |
| Basic EPS | (11.77) | (2.26) | (1.00) | (0.14) | (0.26) | (0.05) |
| Diluted EPS | (11.77) | (2.26) | (1.00) | (0.14) | (0.26) | (0.05) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 |
|---|
| Operating Cash Flow | (5.67) | (2.07) | (3.82) | (1.73) | (3.36) | (0.02) |
| Capital Expenditures | 0.00 | 0.01 | 0.02 | 0.02 | 0.01 | -- |
| Free Cash Flow* | (5.67) | (2.08) | (3.84) | (1.75) | (3.37) | -- |
| Investing Cash Flow | 1.50 | 0.49 | (10.02) | (0.02) | (0.01) | -- |
| Financing Cash Flow | 3.47 | 0.92 | 8.49 | 0.00 | 11.86 | 0.27 |
* Derived from reported values
