Financial Statements — DARE
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 | 12.62 | 18.52 | 23.08 | 5.04 | 10.33 | 11.23 | 16.41 | 3.63 | 13.89 | 13.33 | 19.83 | 40.39 | 32.07 | 39.32 | 45.57 | 9.11 | 7.66 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 10.00 | -- | -- | -- | -- |
| Total Current Assets | 16.69 | 21.66 | 25.00 | 6.60 | 11.82 | 14.95 | 20.83 | 9.98 | 22.44 | 22.24 | 29.51 | 49.57 | 50.11 | 47.82 | 48.24 | 14.06 | 9.60 |
| Property, Plant & Equipment | 1.42 | 1.45 | 1.66 | 1.65 | 1.48 | 0.71 | 0.32 | 0.05 | 0.06 | 0.05 | 0.06 | 0.07 | 0.02 | 0.03 | 0.03 | 0.02 | 0.03 |
| Total Non-current Assets* | 5.68 | 6.17 | 5.74 | 6.38 | 6.80 | 3.11 | 2.78 | 3.03 | 2.62 | 0.97 | 0.85 | 0.81 | 1.28 | 1.37 | 0.57 | 0.76 | 0.92 |
| Total Assets | 22.37 | 27.83 | 30.75 | 12.98 | 18.62 | 18.06 | 23.61 | 13.01 | 25.05 | 23.21 | 30.37 | 50.38 | 51.39 | 49.19 | 48.81 | 14.82 | 10.52 |
| Accounts Payable | 0.76 | 1.23 | 1.84 | 1.76 | 1.88 | 1.05 | 1.91 | 4.04 | 4.99 | 6.54 | 2.70 | 3.48 | 1.11 | 2.83 | 0.61 | 0.22 | 1.47 |
| Total Current Liabilities | 16.92 | 21.12 | 21.22 | 19.22 | 21.19 | 13.16 | 14.59 | 17.72 | 26.34 | 24.70 | 24.34 | 22.84 | 16.54 | 16.39 | 15.91 | 6.00 | 6.11 |
| Total Non-current Liabilities* | 6.01 | 5.97 | 6.67 | 6.49 | 6.99 | 6.39 | 6.34 | 6.29 | 1.00 | 1.23 | 1.06 | 1.19 | 1.82 | 1.91 | 1.02 | 1.07 | 1.15 |
| Total Liabilities | 22.93 | 27.09 | 27.89 | 25.71 | 28.18 | 19.54 | 20.93 | 24.01 | 27.34 | 25.93 | 25.40 | 24.03 | 18.36 | 18.31 | 16.92 | 7.08 | 7.26 |
| Retained Earnings | (194.67) | (191.69) | (187.25) | (183.68) | (179.67) | (169.78) | (165.08) | (177.99) | (166.18) | (157.88) | (149.12) | (125.13) | (118.11) | (118.53) | (100.58) | (87.92) | (78.75) |
| Total Stockholder Equity | (0.56) | 0.73 | 2.86 | (12.73) | (9.56) | (1.48) | 2.67 | (11.00) | (2.29) | (2.72) | 4.97 | 26.34 | 33.03 | 30.88 | 31.89 | 7.74 | 3.26 |
* 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 | 0.19 | 0.15 | 1.02 | 0.00 | (0.02) | 0.03 | (0.06) | 0.04 | 0.02 | 0.01 | 1.81 | 1.00 | 0.00 | -- | 0.00 | 0.00 | 10.00 | -- | -- | -- |
| Cost of Revenue* | 0.32 | 0.24 | -- | -- | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | (0.13) | (0.09) | -- | -- | (0.02) | 0.03 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 0.24 | 0.66 | 0.62 | 1.18 | 1.43 | 2.30 | 3.31 | 2.66 | 4.91 | 3.33 | 3.80 | 6.67 | 6.04 | 5.02 | 12.98 | 4.46 | 6.80 | 5.81 | 7.12 | 10.43 |
| Selling, General & Admin | 2.59 | 2.25 | -- | 2.50 | 2.38 | 2.31 | 2.00 | 2.04 | 2.45 | 2.67 | 3.15 | 2.70 | 2.92 | 3.34 | 3.23 | 2.65 | 2.79 | 2.57 | 2.40 | 2.21 |
| Total Operating Expenses | 2.84 | 2.91 | 2.20 | 3.67 | 3.81 | 4.61 | 5.32 | 4.72 | 7.38 | 6.03 | 6.98 | 9.40 | 8.99 | 8.38 | 16.23 | 7.14 | 9.62 | 8.40 | 9.54 | 12.67 |
| Operating Income | (2.97) | (3.00) | (1.47) | (3.67) | (3.83) | (4.58) | (5.39) | (4.68) | (7.36) | (6.02) | (5.17) | (8.40) | (8.99) | (8.38) | (16.23) | (7.14) | 0.38 | (8.40) | (9.54) | (12.67) |
| Net Income | (2.98) | (3.00) | (1.44) | (3.56) | (4.02) | (4.38) | (5.51) | (4.70) | 12.91 | (6.76) | (5.06) | (8.30) | (8.76) | (8.04) | (15.94) | (7.02) | 0.41 | (8.40) | (9.54) | (12.67) |
| Basic EPS | (0.20) | (0.21) | 0.03 | (0.28) | (0.45) | (0.50) | (1.39) | (0.55) | 1.53 | (0.07) | (0.07) | (0.09) | (0.10) | (0.09) | (0.19) | (0.08) | 0.00 | (0.10) | (0.18) | (0.18) |
| Diluted EPS | (0.20) | (0.21) | 0.03 | (0.28) | (0.45) | (0.50) | (1.38) | (0.55) | 1.52 | (0.07) | (0.07) | (0.09) | (0.10) | (0.09) | (0.19) | (0.08) | 0.00 | (0.10) | (0.18) | (0.18) |
* 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 | (6.78) | (5.52) | 1.44 | (0.44) | (5.42) | (5.47) | 5.23 | (5.92) | 12.90 | (6.81) | (8.18) | (7.97) | (6.59) | (16.12) | (5.90) | 8.60 | (8.45) | (12.34) | (9.92) | 1.32 |
| Capital Expenditures | 0.08 | 0.00 | 0.21 | 0.17 | (0.15) | 0.16 | 0.56 | (0.28) | 0.29 | 0.01 | 0.61 | 0.02 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.01 |
| Free Cash Flow* | (6.86) | (5.52) | 1.24 | (0.62) | (5.26) | (5.63) | 4.66 | (5.64) | 12.62 | (6.82) | (8.79) | (8.00) | (6.59) | (16.12) | (5.90) | 8.55 | (8.45) | (12.35) | (9.92) | 1.31 |
| Investing Cash Flow | (0.08) | 0.00 | (0.21) | (0.17) | 0.15 | (0.16) | (0.56) | 0.28 | (0.29) | (0.01) | (0.61) | (0.02) | 0.00 | 0.00 | -0.00 | (0.06) | -0.00 | -0.00 | 0.00 | (0.01) |
| Financing Cash Flow | 0.95 | (0.72) | 0.42 | 18.65 | (0.04) | 0.25 | (0.13) | 0.44 | 0.12 | 0.01 | 5.31 | 8.58 | 0.45 | 1.30 | -0.00 | 0.00 | 1.34 | 0.00 | 16.00 | 35.22 |
* Derived from reported values