Financial Statements — CADL
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 201.57 | 194.83 | 86.96 | 100.69 | 92.17 | 16.56 | 21.45 | 25.71 | 42.98 | 51.89 | 59.26 | 77.18 | 86.78 | 94.32 | 88.39 | 24.32 |
| Total Current Assets | 204.16 | 197.75 | 90.13 | 103.61 | 93.15 | 18.09 | 22.74 | 27.14 | 45.10 | 53.36 | 61.88 | 79.07 | 87.33 | 95.65 | 90.95 | 24.43 |
| Property, Plant & Equipment | 2.00 | 2.08 | 1.36 | 1.66 | 1.97 | 2.48 | 2.72 | 2.96 | 3.68 | 3.98 | 4.10 | 4.56 | 4.55 | 4.26 | 4.59 | 4.61 |
| Total Non-current Assets* | 3.99 | 4.17 | 3.46 | 2.36 | 2.76 | 3.43 | 3.75 | 4.08 | 4.96 | 5.35 | 5.36 | 5.94 | 5.98 | 5.92 | 5.01 | 6.32 |
| Total Assets | 208.15 | 201.92 | 93.60 | 105.97 | 95.91 | 21.52 | 26.49 | 31.22 | 50.06 | 58.71 | 67.24 | 85.01 | 93.30 | 101.56 | 95.96 | 30.74 |
| Accounts Payable | 5.15 | 3.04 | 1.12 | 1.95 | 0.76 | 0.30 | 0.43 | 0.47 | 0.25 | 0.48 | 0.59 | 0.97 | 1.58 | 1.39 | 0.93 | 0.76 |
| Total Current Liabilities | 12.69 | 7.05 | 10.93 | 14.72 | 20.07 | 15.27 | 14.00 | 13.54 | 10.33 | 8.16 | 5.24 | 5.90 | 5.88 | 5.47 | 4.40 | 4.49 |
| Long-term Debt | -- | -- | -- | -- | -- | 4.22 | 6.71 | 9.17 | 14.34 | 16.70 | 19.02 | -- | -- | -- | 0.54 | 0.52 |
| Total Non-current Liabilities* | 69.33 | 56.84 | 2.55 | 1.04 | 1.16 | 21.51 | 22.46 | 11.70 | 16.71 | 19.77 | 22.35 | 26.98 | 27.35 | 32.33 | 28.58 | 20.36 |
| Total Liabilities | 82.02 | 63.89 | 13.47 | 15.76 | 21.23 | 36.77 | 36.46 | 25.24 | 27.04 | 27.94 | 27.59 | 32.88 | 33.23 | 37.80 | 32.97 | 24.86 |
| Retained Earnings | (278.15) | (239.25) | (200.89) | (189.62) | (184.83) | (178.13) | (167.49) | (145.25) | (125.93) | (117.50) | (107.88) | (94.01) | (85.32) | (81.17) | (81.89) | (65.73) |
| Total Stockholder Equity | 126.13 | 138.03 | 80.12 | 90.21 | 74.68 | (15.26) | (9.97) | 5.98 | 23.02 | 30.77 | 39.65 | 52.13 | 60.07 | 63.76 | 62.99 | (43.17) |
* 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 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Research & Development | 19.80 | 9.84 | 11.03 | 8.46 | 6.99 | 4.02 | 4.82 | 5.42 | 4.98 | 4.10 | 7.26 | 5.85 | 5.93 | 5.47 | 4.97 | 5.38 | 5.02 | 5.42 | 3.85 | 5.27 |
| Selling, General & Admin | 6.95 | 6.44 | 4.72 | 4.75 | 4.19 | 4.11 | 3.32 | 3.34 | 3.59 | 3.80 | 3.06 | 3.02 | 3.65 | 4.16 | 3.16 | 3.54 | 3.76 | 3.60 | 3.92 | 2.80 |
| Total Operating Expenses | 26.75 | 16.28 | 15.75 | 13.21 | 11.18 | 8.13 | 8.14 | 8.76 | 8.57 | 7.90 | 10.32 | 8.86 | 9.58 | 9.63 | 8.13 | 8.91 | 8.78 | 9.02 | 7.77 | 8.06 |
| Operating Income | (26.75) | (16.28) | (15.75) | (13.21) | (11.18) | (8.13) | (8.14) | (8.76) | (8.57) | (7.90) | (10.32) | (8.86) | (9.58) | (9.63) | (8.10) | (8.88) | (8.75) | (8.99) | (7.74) | (8.03) |
| Interest Expense | 1.58 | 1.56 | 1.42 | 0.16 | 0.24 | 0.31 | (3.79) | 0.49 | 0.57 | 0.65 | 0.67 | 0.67 | 0.64 | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (11.09) | (8.43) | (9.61) | (8.79) | (5.08) | (8.69) | -- | -- | -- | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- |
| Net Income | (38.90) | (8.86) | (29.50) | (11.27) | (4.80) | 7.38 | (14.07) | (10.65) | (22.24) | (8.22) | (11.09) | (8.43) | (9.61) | (8.79) | (5.08) | (8.69) | (4.15) | (0.87) | 1.60 | (16.16) |
| Basic EPS | (0.52) | (0.14) | (0.57) | (0.21) | (0.09) | 0.15 | (0.39) | (0.33) | (0.74) | (0.28) | (0.39) | (0.29) | (0.33) | (0.30) | (0.17) | (0.30) | (0.14) | -- | -- | -- |
| Diluted EPS | (0.52) | (0.14) | (0.55) | (0.21) | (0.09) | 0.13 | (0.39) | (0.33) | (0.74) | (0.28) | (0.39) | (0.29) | (0.33) | (0.30) | (0.17) | (0.30) | (0.14) | -- | -- | -- |
* 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 | (17.18) | (18.04) | (10.57) | (10.24) | (8.89) | (8.62) | (5.81) | (6.57) | (6.20) | (8.44) | (7.42) | (8.81) | (7.19) | (10.82) | (6.88) | (9.38) | (7.10) | (8.05) | (5.24) | (6.89) |
| Capital Expenditures | 0.07 | 0.68 | 0.41 | 0.14 | 0.03 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.05 | 0.10 | 0.17 | 0.14 | 0.28 | 0.22 | 0.64 | 0.17 | 0.50 | 0.39 |
| Free Cash Flow* | (17.25) | (18.71) | (10.98) | (10.38) | (8.92) | (8.62) | (5.82) | (6.57) | (6.20) | (8.44) | (7.47) | (8.91) | (7.36) | (10.96) | (7.16) | (9.60) | (7.73) | (8.22) | (5.74) | (7.29) |
| Investing Cash Flow | (0.07) | (0.67) | (0.41) | (0.12) | (0.03) | -0.00 | -0.00 | 0.00 | (0.01) | (0.01) | (0.03) | (0.10) | (0.17) | 0.02 | (0.28) | (0.21) | (0.63) | (0.17) | (0.50) | (0.39) |
| Financing Cash Flow | 23.98 | 93.82 | 43.90 | (3.37) | 17.44 | (1.87) | 91.91 | 1.68 | 1.95 | (1.25) | -- | -- | -- | -- | 0.04 | 0.00 | 0.02 | 19.92 | 0.00 | 71.36 |
* Derived from reported values