Financial Statements — DVLT
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 | 1.40 | 2.21 | 1.68 | 0.66 | 0.17 | 3.92 | 6.11 | 2.76 | 0.21 | 2.01 | 5.26 | 2.64 | 4.76 | 9.06 | 16.07 | 10.29 | 9.71 |
| Accounts Receivable | 3.60 | 1.07 | 0.51 | 0.47 | 0.28 | 0.18 | 0.12 | 0.29 | 0.43 | 0.10 | 0.23 | 0.24 | 0.25 | 0.24 | 0.21 | 0.42 | 0.14 |
| Inventory | 0.94 | 0.72 | 0.99 | 1.37 | 1.34 | 1.86 | 2.33 | 2.58 | 3.17 | 5.48 | 5.75 | 7.28 | 6.25 | 6.23 | 3.95 | 3.56 | 3.30 |
| Total Current Assets | 134.96 | 106.27 | 16.53 | 3.80 | 2.69 | 7.06 | 9.97 | 6.24 | 4.76 | 8.15 | 12.30 | 11.20 | 11.78 | 16.51 | 21.71 | 15.70 | 14.56 |
| Property, Plant & Equipment | 2.45 | 1.20 | 0.30 | 0.35 | 0.10 | 0.06 | 0.07 | 0.08 | 0.11 | 0.09 | 0.16 | 0.20 | 0.22 | 0.23 | 0.17 | 0.14 | 0.15 |
| Goodwill | 27.29 | 27.29 | 19.14 | 19.14 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 100.24 | 102.62 | 97.55 | 96.78 | 90.38 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 141.68 | 143.85 | 122.13 | 116.89 | 92.98 | 0.96 | 0.66 | 0.69 | 0.78 | 0.78 | 0.28 | 0.37 | 0.43 | 0.46 | 0.21 | 0.18 | 0.19 |
| Total Assets | 276.64 | 250.11 | 138.66 | 120.69 | 95.67 | 8.02 | 10.63 | 6.93 | 5.53 | 8.93 | 12.58 | 11.57 | 12.21 | 16.97 | 21.92 | 15.88 | 14.75 |
| Accounts Payable | 9.71 | 7.05 | 5.19 | 3.85 | 2.81 | 1.69 | 2.19 | 3.26 | 1.96 | 0.94 | 2.18 | 2.62 | 1.19 | 2.10 | 0.83 | 0.67 | 1.14 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | 0.63 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 27.27 | 23.02 | 24.16 | 8.12 | 4.17 | 3.12 | 3.57 | 4.35 | 3.79 | 1.91 | 3.24 | 3.86 | 2.70 | 3.83 | 2.87 | 4.18 | 3.19 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.56 |
| Total Non-current Liabilities* | 3.48 | 7.06 | 14.99 | 38.50 | 9.82 | 0.60 | 0.63 | 5.25 | 0.86 | 1.16 | 1.57 | 2.36 | 0.12 | 0.16 | 0.06 | 0.07 | 1.03 |
| Total Liabilities | 30.75 | 30.09 | 39.15 | 46.62 | 13.99 | 3.72 | 4.20 | 9.60 | 4.65 | 3.07 | 4.81 | 6.22 | 2.82 | 3.99 | 2.92 | 4.24 | 4.21 |
| Retained Earnings | (518.60) | (430.58) | (378.11) | (345.13) | (308.01) | (292.09) | (287.00) | (244.33) | (240.68) | (234.57) | (229.24) | (224.83) | (220.18) | (216.07) | (209.13) | (207.07) | (203.67) |
| Total Stockholder Equity | 245.89 | 220.03 | 99.51 | 74.07 | 81.69 | 4.30 | 6.43 | (2.67) | 0.89 | 5.86 | 7.76 | 5.35 | 9.38 | 12.99 | 19.00 | 11.63 | 9.92 |
* 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 | 6.72 | 3.42 | 33.82 | 2.90 | 1.74 | 0.63 | 0.90 | 1.17 | 0.35 | 0.26 | 0.42 | 0.77 | 0.43 | 0.47 | 0.92 | 0.94 | 0.95 | 0.57 | 2.00 | 1.81 |
| Cost of Revenue | 3.84 | 3.31 | 3.62 | 2.81 | 1.70 | 0.56 | 0.68 | 0.95 | 0.33 | 0.34 | 0.75 | 2.44 | 0.63 | 1.72 | 0.90 | 0.81 | 0.76 | 0.50 | 1.40 | 1.30 |
| Gross Profit | 2.88 | 0.11 | 30.20 | 0.10 | 0.04 | 0.07 | 0.22 | 0.23 | 0.01 | (0.08) | (0.33) | (1.67) | (0.20) | (1.25) | 0.02 | 0.13 | 0.19 | 0.06 | 0.60 | 0.51 |
| Research & Development | 7.24 | 5.73 | 4.94 | 4.97 | 4.22 | 2.36 | 2.09 | 2.23 | 1.79 | 1.72 | 1.79 | 1.84 | 1.93 | 1.89 | 1.79 | 1.94 | 1.88 | 1.54 | 1.44 | 1.32 |
| Selling, General & Admin | 14.92 | 18.70 | 15.26 | 7.67 | 6.53 | 5.64 | 3.27 | 2.26 | 2.76 | 1.43 | 1.11 | 1.43 | 1.47 | 1.36 | 1.55 | 1.40 | 1.08 | 1.13 | 0.98 | 1.08 |
| Total Operating Expenses | 29.33 | 31.06 | 26.03 | 14.85 | 12.49 | 9.50 | 6.55 | 5.47 | 5.42 | 4.08 | 4.29 | 4.67 | 4.49 | 4.55 | 5.31 | 4.88 | 4.29 | 3.96 | 3.67 | 3.42 |
| Operating Income | (26.46) | (30.95) | 4.17 | (14.76) | (12.46) | (9.43) | (6.33) | (5.24) | (5.40) | (4.16) | (4.62) | (6.34) | (4.69) | (5.80) | (5.29) | (4.75) | (4.10) | (3.90) | (3.06) | (2.92) |
| Interest Expense | 1.00 | 1.12 | 1.80 | 0.86 | 17.20 | 0.12 | 0.01 | -- | 0.00 | 1.26 | 0.12 | 0.05 | 0.04 | 0.72 | 0.72 | 0.17 | 0.00 | 0.00 | 0.00 | 0.00 |
| Pretax Income | (88.02) | (53.13) | 0.66 | (32.98) | (37.11) | (9.56) | (6.36) | (5.09) | (42.66) | 2.71 | (6.36) | (6.11) | (5.32) | (0.92) | (3.49) | (4.65) | (4.11) | (3.90) | (3.07) | (2.06) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 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 | 0.00 |
| Net Income | (88.02) | (53.13) | 0.66 | (32.98) | (37.12) | (9.56) | (6.36) | (5.09) | (42.66) | 2.71 | (6.36) | (6.11) | (5.33) | (0.92) | (3.49) | (4.65) | (4.11) | (3.90) | (3.07) | (2.06) |
| Basic EPS | (0.12) | (0.09) | 0.53 | (0.33) | (0.54) | (0.18) | 2.49 | (1.39) | (11.89) | (5.35) | (0.48) | (0.97) | (1.20) | (0.53) | (82.05) | (0.31) | (0.27) | (0.26) | (0.19) | (0.15) |
| Diluted EPS | (0.12) | (0.09) | 0.53 | (0.33) | (0.54) | (0.18) | 2.49 | (1.39) | (11.89) | (5.35) | (0.48) | (0.97) | (1.20) | (0.53) | (82.05) | (0.31) | (0.27) | (0.26) | (0.19) | (0.15) |
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 | (71.24) | (8.73) | (0.41) | (10.37) | (6.81) | (6.02) | (4.25) | (4.23) | (5.50) | (3.54) | (2.72) | (2.97) | (4.51) | (4.62) | (4.62) | (4.59) | (4.27) | (4.03) | (2.93) | (3.25) |
| Capital Expenditures | 0.32 | 0.26 | 0.33 | 0.00 | 0.00 | 0.05 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.03 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.05 |
| Free Cash Flow* | (71.55) | (8.99) | (0.73) | (10.37) | (6.81) | (6.08) | (4.26) | (4.24) | (5.52) | (3.55) | (2.72) | (3.01) | (4.51) | (4.63) | (4.62) | (4.60) | (4.29) | (4.04) | (2.95) | (3.30) |
| Investing Cash Flow | (3.23) | (13.88) | (1.33) | 0.00 | (5.50) | (1.05) | (1.21) | (0.18) | (0.16) | (0.01) | 0.00 | (0.03) | -0.00 | (0.01) | (0.01) | (0.01) | (0.02) | (0.01) | (0.01) | (0.05) |
| Financing Cash Flow | 73.66 | 22.81 | 2.06 | 11.39 | 12.80 | 3.92 | 4.87 | 2.22 | 9.02 | 5.90 | 2.92 | 1.21 | 1.26 | 6.99 | 4.88 | 2.48 | (0.01) | (0.01) | (0.01) | 9.07 |
* Derived from reported values
