Financial Statements — ELVN
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 | 135.51 | 132.18 | 101.73 | 119.44 | 101.71 | 100.62 | 96.87 | 149.17 | 73.85 | 125.72 | 292.10 | 49.49 | 30.43 | 36.48 | 75.30 | 48.04 | 53.44 |
| Short-term Investments | 759.65 | 320.22 | 375.83 | 371.07 | 187.85 | 191.21 | 215.52 | 171.34 | 189.63 | 152.15 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 907.34 | 463.14 | 482.68 | 495.62 | 294.32 | 297.00 | 318.13 | 337.20 | 268.61 | 283.18 | 298.00 | 59.10 | 64.26 | 78.53 | 106.00 | 71.36 | 80.36 |
| Property, Plant & Equipment | 0.14 | 0.02 | 0.40 | 0.46 | 0.40 | 0.55 | 0.63 | 0.68 | 0.81 | 0.87 | 0.85 | -- | 0.11 | 0.59 | 0.28 | 0.30 | 0.32 |
| Total Non-current Assets* | 2.88 | 1.72 | 8.19 | 8.27 | 8.25 | 8.43 | 8.92 | 5.58 | 5.44 | 5.33 | 4.86 | 0.00 | 0.41 | 3.07 | 1.03 | 1.11 | 1.33 |
| Total Assets | 910.22 | 464.85 | 490.88 | 503.89 | 302.57 | 305.43 | 327.04 | 342.78 | 274.04 | 288.50 | 302.87 | 59.10 | 64.67 | 81.60 | 107.03 | 72.47 | 81.69 |
| Accounts Payable | 0.37 | 1.64 | 1.43 | 2.35 | 1.56 | 1.02 | 1.08 | 2.73 | 1.49 | 2.84 | 5.86 | 0.77 | 1.14 | 1.88 | 2.48 | 2.63 | 3.00 |
| Total Current Liabilities | 14.16 | 11.49 | 14.65 | 15.21 | 13.97 | 17.03 | 22.11 | 25.03 | 12.08 | 9.15 | 10.94 | 1.82 | 3.30 | 7.22 | 7.19 | 6.97 | 5.50 |
| Total Non-current Liabilities* | 0.91 | 0.00 | 0.10 | 0.20 | 0.30 | 0.00 | 0.01 | 0.03 | 0.21 | 0.36 | 0.51 | 0.00 | 0.00 | 1.97 | 0.47 | 0.53 | 0.59 |
| Total Liabilities | 15.07 | 11.49 | 14.75 | 15.42 | 14.27 | 17.03 | 22.11 | 25.07 | 12.29 | 9.51 | 11.45 | 1.82 | 3.30 | 9.19 | 7.65 | 7.50 | 6.09 |
| Retained Earnings | (403.28) | (370.79) | (317.50) | (297.35) | (272.02) | (220.29) | (197.14) | (177.19) | (135.08) | (114.31) | (97.59) | (178.19) | (173.58) | (162.14) | (133.18) | (119.53) | (106.37) |
| Total Stockholder Equity | 895.15 | 453.37 | 476.12 | 488.47 | 288.30 | 288.40 | 304.93 | 317.71 | 261.75 | 278.99 | 291.42 | 57.29 | 61.36 | 72.41 | 99.37 | 64.97 | 75.59 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research & Development | 29.00 | 20.69 | 21.25 | 18.23 | 21.49 | 24.90 | 20.72 | 21.26 | 18.83 | 19.97 | 17.91 | 19.61 | 15.18 | 11.88 | 0.18 | 0.18 | 7.41 | 11.17 | 10.86 | 10.40 |
| Selling, General & Admin | 8.21 | 7.14 | 13.04 | 6.87 | 7.09 | 6.80 | 6.17 | 5.81 | 5.78 | 6.02 | 4.82 | 4.64 | 4.95 | 4.54 | 3.08 | 4.65 | 4.11 | 3.49 | 3.48 | 3.26 |
| Total Operating Expenses | 37.21 | 27.82 | 34.28 | 25.10 | 28.58 | 31.69 | 26.90 | 27.07 | 24.60 | 25.99 | 22.73 | 24.25 | 20.13 | 16.42 | 3.26 | 4.83 | 11.52 | 14.66 | 14.33 | 13.66 |
| Operating Income | (37.21) | (27.82) | (34.28) | (25.10) | (28.58) | (31.69) | (26.90) | (27.07) | (24.60) | (25.99) | (22.73) | (24.25) | (20.13) | (16.42) | 31.74 | (4.83) | (11.52) | (14.66) | (14.33) | (13.66) |
| Pretax Income* | -- | -- | (29.67) | (20.15) | (25.33) | -- | (23.18) | (23.16) | (19.72) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.23 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (32.48) | (23.63) | (29.67) | (20.15) | (25.33) | (28.54) | (23.18) | (23.16) | (19.95) | (22.74) | (19.37) | (20.77) | (16.72) | (14.72) | 32.19 | (4.61) | (11.45) | (14.64) | (14.32) | (13.65) |
| Basic EPS | (0.49) | (0.38) | (0.45) | (0.32) | (0.49) | (0.57) | (0.46) | (0.48) | (0.41) | (0.54) | (0.29) | (0.51) | (0.41) | (0.80) | 1.23 | (0.18) | (0.44) | -- | -- | -- |
| Diluted EPS | (0.49) | (0.38) | (0.45) | (0.32) | (0.49) | (0.57) | (0.46) | (0.48) | (0.41) | (0.54) | (0.29) | (0.51) | (0.41) | (0.80) | 1.05 | (0.44) | (0.44) | -- | -- | -- |
* 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 | (18.53) | (19.29) | (15.84) | (13.28) | (17.06) | (24.13) | (17.20) | (12.19) | (20.43) | (23.36) | (12.48) | (15.89) | (12.05) | (20.84) | (1.88) | (4.20) | (12.33) | (17.16) | (12.48) | (10.90) |
| Capital Expenditures | 0.10 | 0.00 | 0.00 | -0.00 | 0.14 | 0.02 | 0.00 | 0.02 | 0.00 | 0.02 | 0.01 | 0.02 | 0.09 | 0.03 | 0.00 | 0.02 | 0.21 | 0.14 | 0.00 | 0.00 |
| Free Cash Flow* | (18.63) | (19.29) | (15.84) | (13.28) | (17.20) | (24.15) | (17.20) | (12.21) | (20.44) | (23.38) | (12.50) | (15.91) | (12.14) | (20.87) | (1.88) | (4.22) | (12.53) | (17.30) | (12.48) | (10.90) |
| Investing Cash Flow | (441.57) | 42.53 | 12.38 | (4.06) | (183.59) | 1.43 | 0.73 | 14.83 | (33.66) | (17.89) | 38.69 | (35.55) | (151.52) | (0.03) | 41.82 | 23.08 | 6.28 | 5.34 | (14.49) | (8.83) |
| Financing Cash Flow | 463.42 | 10.05 | 0.62 | (0.37) | 218.38 | 0.23 | 39.97 | 1.12 | 1.81 | 90.27 | 0.09 | (0.42) | (2.82) | 237.44 | -- | -- | -- | -- | (0.01) | 46.99 |
* Derived from reported values