Financial Statements — CHAD
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 4.34 | 3.68 | 8.80 | 2.47 | 1.80 | 2.77 | 3.24 | 3.92 | 5.82 | 1.58 |
| Short-term Investments | 0.71 | 0.55 | 1.38 | 0.60 | 0.43 | -- | -- | -- | -- | -- |
| Accounts Receivable | -- | -- | 0.05 | 1.09 | 0.63 | 0.17 | 0.11 | 0.12 | 0.13 | 0.10 |
| Total Current Assets | 114.65 | 127.77 | 174.41 | 5.58 | 3.05 | 3.11 | 3.42 | 4.18 | 6.13 | 1.69 |
| Property, Plant & Equipment | -- | -- | 0.00 | -- | 0.04 | 0.04 | 0.04 | 0.03 | 0.01 | -- |
| Goodwill | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | 0.61 | -- | -- |
| Intangible Assets | 2.30 | 2.67 | 3.37 | 3.73 | 0.33 | 0.51 | 0.46 | 0.60 | 0.02 | 0.02 |
| Total Non-current Assets* | 88.68 | 101.95 | 305.54 | 101.65 | 1.10 | 1.37 | 1.34 | 1.31 | 0.11 | 0.36 |
| Total Assets | 203.33 | 229.72 | 479.95 | 107.23 | 4.16 | 4.48 | 4.75 | 5.49 | 6.24 | 2.05 |
| Accounts Payable | 4.96 | 5.54 | 5.52 | 3.25 | 0.17 | 0.12 | 0.19 | 0.21 | 0.17 | 0.19 |
| Short-term Debt | 0.00 | 0.00 | 0.27 | 0.43 | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 94.80 | 91.74 | 85.55 | 5.14 | 1.06 | 0.35 | 0.31 | 0.35 | 0.22 | 0.23 |
| Long-term Debt | 120.56 | 127.78 | 131.44 | 21.21 | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 120.56 | 127.78 | 150.60 | 22.48 | 0.25 | 0.18 | 0.18 | 0.18 | 0.03 | 0.71 |
| Total Liabilities | 215.37 | 219.52 | 236.15 | 27.62 | 1.31 | 0.53 | 0.49 | 0.53 | 0.24 | 0.94 |
| Retained Earnings | (202.57) | (175.29) | 61.31 | 5.28 | (10.15) | (8.88) | (8.41) | (7.61) | (5.47) | (3.89) |
| Total Stockholder Equity | (12.03) | 10.19 | 243.80 | 79.61 | 2.85 | 3.96 | 4.26 | 4.96 | 6.00 | 1.11 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3.31 | 2.66 | 4.49 | 4.63 | 1.99 | 0.29 | 0.63 | 0.62 | 0.44 | 0.41 | 0.35 | 0.58 | 0.60 |
| Cost of Revenue* | 0.02 | 0.10 | 0.13 | 0.09 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- | -- |
| Gross Profit | 3.29 | 2.56 | 4.36 | 4.54 | 1.96 | 0.28 | 0.62 | 0.61 | 0.43 | 0.40 | -- | -- | -- |
| Research & Development | 0.08 | 0.14 | 0.39 | 0.27 | 0.31 | 0.17 | 0.18 | 0.15 | 0.15 | 0.17 | 0.35 | 0.25 | 0.09 |
| Selling, General & Admin | 4.06 | 6.01 | 5.54 | 3.57 | 4.68 | 0.54 | 0.62 | 0.56 | 0.67 | 0.76 | 0.64 | 1.21 | 0.44 |
| Total Operating Expenses | 26.13 | 57.78 | 129.28 | (67.46) | (15.20) | 1.17 | 1.33 | 1.07 | 1.28 | 1.42 | 1.60 | 2.22 | 0.85 |
| Operating Income | (22.84) | (55.22) | (124.79) | 72.09 | 17.19 | (0.88) | (0.68) | (0.45) | (0.85) | (1.02) | (1.25) | (1.64) | (0.25) |
| Pretax Income | (27.29) | (83.39) | (163.59) | 73.96 | 16.63 | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.00 | 0.00 | (19.13) | 17.93 | 1.20 | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (27.29) | (83.39) | (144.47) | 56.03 | 15.43 | (0.78) | (0.49) | (0.47) | (0.81) | (0.96) | (1.18) | (1.58) | (0.40) |
| Basic EPS | (1.00) | (3.18) | (6.95) | 2.41 | 1.09 | (0.55) | (1.75) | (0.04) | (0.07) | (0.09) | (0.12) | (0.17) | (0.06) |
| Diluted EPS | (1.00) | (3.18) | (6.12) | 1.83 | 0.84 | (0.55) | (1.75) | (0.04) | (0.07) | (0.09) | (0.12) | (0.17) | (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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (4.29) | (9.82) | (10.93) | (4.98) | (1.27) | (0.79) | (0.18) | (0.41) | (0.68) | (1.15) | (0.66) | (0.59) | (0.32) |
| Capital Expenditures | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.01 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | -- |
| Free Cash Flow* | (4.29) | -- | (10.93) | (4.98) | (1.27) | -- | (0.19) | (0.41) | (0.69) | (1.15) | (0.68) | (0.60) | -- |
| Investing Cash Flow | 10.39 | 16.19 | 14.77 | (175.06) | (61.25) | -- | (0.01) | -0.00 | (0.01) | (0.01) | (0.08) | (0.01) | -- |
| Financing Cash Flow | (5.44) | (8.61) | (6.72) | 186.38 | 63.19 | 0.07 | (0.06) | (0.05) | 0.00 | 0.00 | 0.00 | 4.83 | 0.92 |
* Derived from reported values