Financial Statements — BURU
Balance Sheet
(in millions 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 | 0.73 | 8.27 | 5.94 | 0.11 | 0.07 | 0.23 | 0.12 | 0.23 | 1.63 | 6.62 | 1.52 | 0.38 | 0.21 | 0.33 | 0.69 | 1.47 | 1.96 |
| Accounts Receivable | 0.40 | 0.20 | 0.00 | 0.00 | 0.00 | 0.05 | 0.07 | 0.13 | 0.47 | 0.65 | 0.52 | -- | -- | -- | -- | -- | -- |
| Inventory | 0.25 | 0.29 | 0.00 | 0.00 | 1.53 | 1.53 | 1.53 | 1.61 | 1.09 | 0.57 | 1.25 | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 31.20 | 35.69 | 11.14 | 1.73 | 1.05 | 2.34 | 2.61 | 2.04 | 3.83 | 8.59 | 4.27 | 0.50 | 0.25 | 0.39 | 0.87 | 1.65 | 2.19 |
| Property, Plant & Equipment | 0.02 | 0.01 | 0.00 | 0.00 | 0.00 | 5.14 | 5.34 | 5.40 | 4.76 | 4.34 | 4.01 | -- | -- | -- | -- | -- | -- |
| Goodwill | 19.26 | 19.26 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 2.67 | 2.80 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 37.17 | 40.45 | 2.01 | 0.75 | 0.26 | 5.47 | 5.78 | 5.93 | 5.27 | 4.98 | 4.74 | 33.03 | 335.19 | 334.62 | 334.40 | 334.38 | 334.37 |
| Total Assets | 68.36 | 76.15 | 13.15 | 2.48 | 1.31 | 7.81 | 8.39 | 7.97 | 9.09 | 13.57 | 9.02 | 33.53 | 335.44 | 335.01 | 335.27 | 336.04 | 336.56 |
| Accounts Payable | 2.55 | 2.64 | 3.89 | 5.13 | 6.21 | 5.96 | 5.68 | 5.71 | 4.18 | 4.06 | 4.26 | 4.64 | 4.23 | 3.92 | -- | 3.66 | -- |
| Short-term Debt | 30.79 | 39.67 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 51.26 | 63.38 | 41.88 | 43.91 | 40.29 | 15.67 | 13.50 | 12.44 | 6.45 | 6.18 | 7.06 | 4.92 | 4.46 | 4.03 | 3.38 | 3.77 | 2.80 |
| Long-term Debt | 31.73 | 39.78 | -- | -- | -- | 8.74 | 7.81 | 9.80 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 6.80 | 9.66 | 25.13 | 3.32 | 0.00 | 4.59 | 5.84 | 9.07 | 7.14 | 7.40 | 1.12 | 14.41 | 14.34 | 16.19 | 27.02 | 47.35 | 38.64 |
| Total Liabilities | 58.06 | 73.05 | 67.01 | 47.23 | 40.29 | 20.27 | 19.34 | 21.51 | 13.59 | 13.59 | 8.18 | 19.33 | 18.80 | 20.22 | 30.39 | 51.13 | 41.44 |
| Retained Earnings | (207.42) | (200.94) | (172.67) | (150.24) | (138.02) | (120.05) | (115.67) | (102.99) | (77.15) | (72.07) | (65.96) | (18.69) | (18.02) | (19.43) | (29.34) | -- | -- |
| Total Stockholder Equity* | 9.37 | 2.17 | (53.86) | (44.75) | (38.98) | (36.34) | (34.84) | (37.43) | (4.50) | (0.02) | 0.84 | 14.20 | (18.02) | (19.43) | (29.34) | 284.91 | 295.12 |
* 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 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.52 | 0.41 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.05 | 0.09 | 0.37 | 0.19 | 1.05 | 0.47 | -- | -- | -- | -- | -- | -- |
| Cost of Revenue* | 0.90 | 0.65 | 0.00 | (0.05) | -0.00 | 0.24 | 0.25 | 0.36 | 0.73 | 0.86 | 0.88 | 1.12 | 2.49 | 1.21 | -- | -- | -- | -- | -- | -- |
| Gross Profit | (0.38) | (0.25) | 0.00 | 0.05 | 0.00 | (0.24) | (0.25) | (0.36) | (0.68) | (0.76) | (0.51) | (0.93) | (1.43) | (0.74) | -- | -- | -- | -- | -- | -- |
| Research & Development | 0.23 | 0.07 | (0.01) | 0.00 | 0.00 | 0.18 | 0.17 | 0.21 | 0.68 | 0.77 | 1.16 | 1.35 | 1.62 | 1.33 | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 3.63 | 5.61 | 5.29 | 1.88 | 4.10 | 2.08 | 1.87 | 1.94 | 2.11 | 2.89 | 2.81 | 2.34 | 3.02 | 3.05 | -- | -- | -- | -- | -- | -- |
| Total Operating Expenses | 5.44 | 7.66 | 8.09 | 2.67 | 4.62 | 2.81 | 2.11 | 2.26 | 2.72 | 4.00 | 4.45 | 4.21 | 5.01 | 4.56 | -- | -- | -- | -- | -- | 0.39 |
| Operating Income | (5.82) | (7.90) | (8.09) | (2.62) | (4.62) | (3.04) | (2.36) | (2.62) | (3.41) | (4.76) | (4.96) | (5.14) | (6.44) | (5.30) | (0.50) | (0.75) | (0.46) | (0.25) | (0.88) | (0.39) |
| Interest Expense | 0.00 | 0.07 | 0.08 | 0.04 | 0.16 | 0.19 | 0.53 | 0.93 | 0.94 | 0.95 | 0.58 | 0.16 | 0.01 | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (6.48) | (0.46) | (27.81) | (22.42) | (12.22) | (16.61) | (11.75) | (4.38) | (12.69) | (5.70) | (4.75) | (5.09) | (6.11) | (4.77) | (0.23) | 0.60 | 1.96 | 9.17 | -- | -- |
| Tax Provision | 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 | 0.08 | 0.16 | 0.11 | 0.01 | 0.00 | 0.00 |
| Net Income | (6.48) | (0.46) | (27.81) | (22.42) | (12.22) | (16.61) | (11.75) | (4.38) | (12.69) | (5.70) | (4.75) | (5.09) | (6.11) | (4.77) | (0.31) | 0.44 | 1.85 | 9.16 | 0.74 | 19.97 |
| Basic EPS | (0.04) | (0.01) | (1.67) | (0.20) | (0.18) | (0.28) | 2.96 | (1.12) | (7.60) | (0.15) | (0.12) | (0.14) | (0.18) | (0.19) | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (0.04) | (0.01) | (1.67) | (0.20) | (0.18) | (0.28) | 2.96 | (1.12) | (7.60) | (0.15) | (0.12) | (0.14) | (0.18) | (0.19) | -- | -- | 0.26 | -- | -- | (0.06) |
* Derived from reported values
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 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (5.99) | (9.11) | (9.01) | (3.10) | (2.06) | (1.93) | (1.12) | (1.18) | (2.23) | (2.09) | (4.28) | (4.56) | (4.65) | (4.05) | (0.38) | (0.54) | (0.11) | (0.15) | (0.21) | (0.77) |
| Capital Expenditures | 0.01 | -- | 4.11 | 0.00 | 0.00 | 0.60 | -- | -- | 0.83 | 0.34 | 0.02 | 0.32 | 0.48 | 0.34 | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (6.00) | -- | (13.12) | (3.10) | (2.06) | (2.53) | -- | -- | (3.05) | (2.44) | (4.31) | (4.88) | (5.13) | (4.40) | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (2.44) | (19.37) | (12.76) | (2.71) | (0.50) | (0.75) | -- | -- | (0.83) | (0.34) | (0.02) | (0.32) | (0.48) | (0.34) | 0.00 | 302.98 | -- | -- | -- | (334.22) |
| Financing Cash Flow | 0.89 | 12.08 | 40.48 | 12.51 | 2.60 | 2.54 | 1.09 | 1.29 | 2.11 | 0.18 | 4.83 | (0.12) | 10.23 | 3.04 | 0.00 | (302.27) | -- | -- | 0.00 | 0.00 |
* Derived from reported values