Financial Statements — CUE
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 | 17.39 | 16.38 | 11.70 | 27.49 | 13.14 | 32.42 | 30.03 | 41.03 | 54.69 | 52.90 | 56.32 | 29.73 | 66.13 | 67.93 | 67.63 | 73.92 | 73.26 |
| Accounts Receivable | 5.38 | 5.35 | 0.39 | 0.53 | 0.00 | 3.15 | 1.85 | 1.40 | 1.66 | 1.14 | 0.20 | 0.80 | 0.74 | 0.93 | 0.77 | 1.90 | 1.41 |
| Total Current Assets | 26.62 | 26.39 | 25.82 | 30.84 | 15.93 | 37.26 | 33.90 | 44.67 | 57.52 | 60.94 | 68.76 | 61.70 | 69.00 | 75.95 | 70.26 | 79.68 | 77.41 |
| Property, Plant & Equipment | 0.26 | 0.29 | 0.31 | 0.45 | 0.52 | 0.57 | 0.67 | 0.75 | 1.06 | 1.19 | 1.33 | 1.64 | 1.77 | 1.92 | 2.34 | 2.56 | 2.79 |
| Total Non-current Assets* | 4.08 | 4.49 | 5.83 | 9.86 | 6.32 | 7.55 | 8.43 | 9.28 | 11.37 | 12.23 | 12.93 | 14.60 | 15.75 | 14.76 | 8.62 | 9.99 | 11.32 |
| Total Assets | 30.71 | 30.88 | 31.64 | 40.71 | 22.25 | 44.81 | 42.33 | 53.95 | 68.89 | 73.16 | 81.68 | 76.30 | 84.75 | 90.70 | 78.88 | 89.67 | 88.72 |
| Accounts Payable | 3.75 | 3.33 | 2.35 | 3.63 | 3.78 | 6.47 | 3.91 | 3.92 | 2.48 | 2.36 | 2.15 | 2.05 | 1.57 | 2.62 | 2.47 | 2.99 | 2.52 |
| Short-term Debt | -- | -- | -- | -- | 0.10 | -- | -- | 0.04 | -- | -- | -- | 0.04 | -- | -- | -- | -- | -- |
| Total Current Liabilities | 21.22 | 7.39 | 15.52 | 19.25 | 15.50 | 16.79 | 16.46 | 18.09 | 17.21 | 16.31 | 13.81 | 10.22 | 8.32 | 11.41 | 15.36 | 16.67 | 16.63 |
| Long-term Debt | -- | -- | -- | -- | -- | 1.00 | 2.00 | 3.00 | 5.00 | 6.00 | 7.00 | 9.00 | 9.91 | 9.86 | -- | -- | -- |
| Total Non-current Liabilities* | 7.18 | 1.88 | 2.87 | 3.29 | 0.18 | 2.65 | 4.25 | 5.82 | 9.02 | 10.85 | 12.86 | 15.31 | 16.67 | 14.62 | 0.00 | 0.09 | 2.42 |
| Total Liabilities | 28.40 | 9.27 | 18.40 | 22.55 | 15.67 | 19.44 | 20.71 | 23.91 | 26.22 | 27.16 | 26.67 | 25.54 | 24.99 | 26.03 | 15.36 | 16.76 | 19.05 |
| Retained Earnings | (526.71) | (373.64) | (370.05) | (362.60) | (354.12) | (332.37) | (323.71) | (313.54) | (287.75) | (276.75) | (263.56) | (235.86) | (224.91) | (211.70) | (189.06) | (176.07) | (165.79) |
| Total Stockholder Equity | 2.31 | 21.61 | 13.25 | 18.16 | 6.58 | 25.37 | 21.62 | 30.04 | 42.67 | 46.00 | 55.02 | 50.76 | 59.76 | 64.67 | 63.52 | 72.91 | 69.67 |
* 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 | 7.88 | 5.69 | 21.94 | 2.15 | 2.95 | 0.42 | 1.58 | 3.34 | 2.66 | 1.72 | 1.82 | 2.10 | 1.38 | 0.19 | 0.15 | 0.07 | 0.03 | 1.00 | 8.25 | 2.40 |
| Research & Development | 49.01 | 6.90 | 16.53 | 4.75 | 7.91 | 8.55 | 7.19 | 9.38 | 9.53 | 10.20 | 10.89 | 9.87 | 10.65 | 9.39 | 11.33 | 7.57 | 9.59 | 10.08 | 11.48 | 11.29 |
| Selling, General & Admin | 46.57 | 4.15 | 3.45 | 4.94 | 3.68 | 4.17 | 4.02 | 2.87 | 3.51 | 4.19 | 4.61 | 3.65 | 4.25 | 4.18 | 3.70 | 3.53 | 3.78 | 5.16 | 4.65 | 4.13 |
| Total Operating Expenses | 95.57 | 11.04 | 19.97 | 9.74 | 11.59 | 12.72 | 11.21 | 12.15 | 13.04 | 14.39 | 15.65 | 13.52 | 14.90 | 13.57 | 15.02 | 11.10 | 13.12 | 15.24 | 16.13 | 15.41 |
| Operating Income | (87.69) | (5.35) | 1.98 | (7.59) | (8.63) | (12.30) | (9.63) | (8.81) | (10.38) | (12.67) | (13.83) | (11.42) | (13.52) | (13.38) | (14.87) | (11.03) | (13.09) | (14.24) | (7.87) | (13.02) |
| Interest Expense | 0.03 | 0.10 | -- | -- | -- | -- | -- | -- | -- | 0.03 | (0.80) | 0.25 | 0.35 | 0.33 | -- | 0.12 | 0.21 | 0.03 | -- | -- |
| Pretax Income* | -- | -- | -- | -- | -- | -- | -- | -- | -- | (11.95) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.40 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (153.07) | (5.18) | 1.59 | (7.45) | (8.48) | (12.26) | (9.50) | (8.66) | (10.17) | (12.35) | (13.43) | (11.00) | (13.18) | (13.11) | (14.59) | (10.95) | (13.21) | (14.25) | (8.38) | (12.99) |
| Basic EPS | (24.14) | (1.08) | 0.05 | (0.07) | (0.09) | (0.17) | (0.10) | (0.17) | (0.20) | (0.25) | (0.29) | (0.24) | (0.29) | (0.29) | (0.38) | (0.31) | -- | -- | -- | -- |
| Diluted EPS | (24.14) | (1.08) | 0.05 | (0.07) | (0.09) | (0.17) | (0.10) | (0.17) | (0.20) | (0.25) | (0.29) | (0.24) | (0.29) | (0.29) | (0.38) | (0.31) | -- | -- | -- | -- |
* 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 | (29.00) | (10.94) | (1.08) | (9.02) | (3.41) | (8.17) | (9.03) | (7.53) | (9.99) | (9.78) | (10.96) | (7.80) | (10.37) | (10.83) | (10.51) | (6.87) | (12.85) | (11.57) | (10.65) | (6.63) |
| Capital Expenditures | 0.00 | 0.12 | 0.00 | 0.00 | 0.03 | 0.15 | 0.00 | -0.00 | 0.01 | 0.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.07 | 0.03 | 0.00 | 0.01 |
| Free Cash Flow* | (29.00) | (11.06) | (1.08) | (9.02) | (3.44) | (8.32) | (9.03) | (7.53) | (10.00) | (9.84) | (10.96) | (7.80) | (10.37) | (10.83) | (10.51) | (6.95) | (12.91) | (11.60) | (10.65) | (6.64) |
| Investing Cash Flow | 0.00 | (0.12) | 7.02 | (6.77) | (0.03) | (0.15) | -0.00 | 0.10 | (0.01) | (0.05) | 0.00 | 5.00 | 5.00 | 15.00 | 5.00 | (29.52) | (0.06) | (0.03) | 0.00 | (0.01) |
| Financing Cash Flow | 30.02 | 0.31 | 9.49 | 0.00 | 17.80 | (1.00) | (0.93) | 9.82 | (1.00) | 2.35 | 4.78 | 4.59 | 2.10 | 0.39 | 27.40 | (0.01) | 11.11 | 15.16 | 7.38 | 0.35 |
* Derived from reported values