Financial Statements — FOUR
Balance Sheet
(in billions 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 | 0.36 | 0.47 | 1.51 | 3.03 | 1.17 | 1.43 | 0.21 | 0.52 | 0.69 | 0.65 | 0.74 | 0.67 | 1.02 | 1.19 | 1.29 | 0.70 | 0.84 |
| Accounts Receivable | 0.81 | 0.69 | 0.77 | 0.37 | 0.33 | 0.32 | 0.31 | 0.25 | 0.23 | 0.23 | 0.21 | 0.26 | 0.25 | 0.22 | 0.18 | 0.18 | 0.13 |
| Inventory | -- | -- | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Assets | 2.07 | 2.06 | 2.70 | 3.78 | 1.84 | 2.09 | 0.93 | 1.19 | 1.04 | 0.97 | 1.05 | 0.96 | 1.28 | 1.43 | 1.49 | 0.89 | 0.99 |
| Property, Plant & Equipment | -- | -- | -- | -- | -- | -- | -- | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Goodwill | 2.71 | 2.71 | 2.47 | 1.52 | 1.47 | 1.32 | 1.30 | 1.11 | 0.76 | 0.76 | 0.74 | 0.78 | 0.63 | 0.63 | 0.54 | 0.53 | 0.53 |
| Intangible Assets | 2.91 | 2.98 | 3.02 | 0.97 | 0.97 | 0.90 | 0.92 | 0.80 | 0.62 | 0.65 | 0.63 | 0.56 | 0.22 | 0.21 | 0.19 | 0.19 | 0.19 |
| Total Non-current Assets* | 6.63 | 6.70 | 6.29 | 3.21 | 3.16 | 2.95 | 2.57 | 2.22 | 1.61 | 1.62 | 1.57 | 1.53 | 1.02 | 1.00 | 0.87 | 0.84 | 0.82 |
| Total Assets | 8.70 | 8.76 | 8.99 | 6.99 | 5.00 | 5.05 | 3.49 | 3.41 | 2.65 | 2.59 | 2.61 | 2.49 | 2.30 | 2.43 | 2.36 | 1.73 | 1.81 |
| Accounts Payable | 0.63 | 0.62 | 0.67 | 0.28 | 0.26 | 0.25 | 0.26 | 0.22 | 0.18 | 0.19 | 0.17 | 0.18 | 0.16 | 0.14 | 0.13 | 0.12 | 0.09 |
| Total Current Liabilities | 1.71 | 1.69 | 1.96 | 1.49 | 1.36 | 0.70 | 0.69 | 0.70 | 0.31 | 0.30 | 0.28 | 0.29 | 0.28 | 0.26 | 0.18 | 0.16 | 0.14 |
| Long-term Debt | 4.51 | 4.52 | 4.72 | 3.73 | 2.84 | 2.84 | 1.75 | 1.75 | 1.75 | 1.75 | 1.74 | 1.77 | 1.77 | 1.77 | 1.74 | 1.12 | 1.12 |
| Total Non-current Liabilities* | 5.25 | 5.29 | 4.80 | 3.48 | 2.63 | 3.30 | 1.85 | 1.81 | 1.80 | 1.81 | 1.81 | 1.78 | 1.76 | 1.76 | 1.74 | 1.12 | 1.12 |
| Total Liabilities | 6.96 | 6.98 | 6.76 | 4.97 | 3.99 | 4.00 | 2.54 | 2.51 | 2.11 | 2.11 | 2.09 | 2.06 | 2.03 | 2.01 | 1.92 | 1.28 | 1.26 |
| Retained Earnings | (0.65) | (0.64) | (0.28) | (0.30) | (0.26) | (0.26) | (0.30) | (0.33) | (0.35) | (0.39) | (0.35) | (0.39) | (0.42) | (0.33) | (0.32) | (0.31) | (0.31) |
| Total Stockholder Equity | 1.62 | 1.65 | 1.67 | 1.59 | 0.81 | 0.81 | 0.70 | 0.67 | 0.40 | 0.36 | 0.39 | 0.30 | 0.18 | 0.29 | 0.30 | 0.29 | 0.35 |
* Derived from reported values
Income Statement
(in billions 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 |
|---|
| Total Revenue | 1.30 | 1.12 | 1.19 | 1.18 | 0.97 | 0.85 | 0.89 | 0.91 | 0.83 | 0.71 | 0.71 | 0.68 | 0.64 | 0.55 | 0.54 | 0.55 | 0.51 | 0.40 | 0.40 | 0.38 |
| Cost of Revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.40 | 0.32 | 0.32 | 0.31 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.11 | 0.08 | 0.08 | 0.06 |
| Selling, General & Admin | 0.23 | 0.22 | 0.21 | 0.19 | 0.13 | 0.15 | 0.12 | 0.12 | 0.11 | 0.11 | 0.09 | 0.08 | 0.08 | 0.09 | 0.07 | 0.07 | 0.06 | 0.07 | 0.07 | 0.05 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.08 | 0.10 | 0.09 | 0.07 |
| Operating Income | 0.10 | 0.05 | 0.13 | 0.11 | 0.08 | 0.03 | 0.09 | 0.08 | 0.06 | 0.02 | 0.03 | 0.04 | 0.03 | 0.01 | 0.03 | 0.05 | 0.02 | (0.01) | -0.00 | (0.01) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Pretax Income | 0.04 | (0.01) | 0.07 | 0.06 | 0.06 | 0.01 | 0.12 | (0.21) | 0.05 | 0.03 | 0.02 | 0.05 | 0.03 | 0.02 | 0.04 | 0.05 | 0.02 | (0.02) | (0.01) | (0.01) |
| Tax Provision | 0.01 | (0.02) | 0.01 | 0.03 | 0.01 | (0.01) | (0.02) | (0.28) | -0.00 | 0.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 |
| Net Income | 0.02 | 0.02 | 0.04 | 0.03 | 0.03 | 0.02 | 0.12 | 0.05 | 0.04 | 0.02 | 0.01 | 0.03 | 0.03 | 0.01 | 0.03 | 0.04 | 0.01 | (0.01) | (0.01) | (0.01) |
Cash Flow Statement
(in billions 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 | 0.06 | 0.13 | 0.22 | 0.17 | 0.14 | 0.10 | 0.15 | 0.18 | 0.12 | 0.06 | 0.11 | 0.11 | 0.09 | 0.08 | 0.14 | 0.07 | 0.04 | 0.03 | (0.02) | 0.02 |
| Capital Expenditures | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Free Cash Flow* | 0.06 | 0.13 | 0.22 | 0.17 | 0.14 | 0.10 | 0.14 | 0.18 | 0.11 | 0.06 | 0.10 | 0.11 | 0.09 | 0.08 | 0.14 | 0.06 | 0.04 | 0.03 | (0.02) | 0.02 |
| Investing Cash Flow | (0.10) | 0.02 | (0.22) | (2.65) | (0.05) | (0.08) | (0.26) | (0.05) | (0.34) | (0.04) | (0.15) | (0.04) | (0.08) | (0.03) | (0.03) | (0.41) | (0.04) | (0.04) | (0.01) | (0.05) |
| Financing Cash Flow | (0.12) | (0.40) | (0.54) | 0.97 | 1.71 | (0.08) | (0.02) | 1.05 | (0.07) | (0.03) | (0.03) | (0.01) | (0.11) | (0.01) | -0.00 | -0.00 | (0.18) | (0.04) | (0.03) | 0.61 |
* Derived from reported values
