Financial Statements — GPUS
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 | 36.78 | 10.55 | 24.84 | 5.92 | 4.24 | 7.19 | 9.55 | 9.43 | 8.74 | 19.70 | 9.17 | 10.13 | 24.13 | 39.45 | 44.05 | 105.39 | 107.80 |
| Short-term Investments | -- | -- | -- | -- | -- | 0.69 | 0.03 | 9.43 | 0.07 | 0.65 | 1.37 | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 4.10 | 2.28 | 2.81 | 2.69 | 1.37 | 1.17 | 1.36 | 1.36 | 1.17 | 1.17 | 14.48 | 19.23 | 18.08 | 6.98 | 5.12 | 4.73 | 3.51 |
| Inventory | 6.07 | 5.16 | 1.74 | 1.50 | 1.46 | 1.82 | 7.50 | 7.60 | 22.48 | 21.00 | 20.20 | 28.85 | 20.83 | 7.14 | 3.84 | 2.90 | 3.48 |
| Total Current Assets | 114.03 | 103.30 | 90.48 | 62.01 | 58.86 | 44.98 | 47.21 | 144.77 | 169.33 | 76.86 | 186.63 | 100.07 | 106.61 | 85.88 | 113.98 | 151.36 | 172.23 |
| Property, Plant & Equipment | 148.28 | 147.05 | 131.65 | 135.84 | 141.24 | 160.87 | 180.77 | 103.99 | 132.04 | 227.86 | 235.14 | 253.98 | 245.99 | 206.80 | 29.55 | 7.26 | 6.29 |
| Goodwill | 10.41 | 10.11 | -- | -- | -- | 0.30 | 5.92 | 6.01 | 8.97 | 9.16 | 27.81 | 54.54 | 55.32 | 9.94 | 9.61 | 9.59 | 9.47 |
| Intangible Assets | 13.61 | 13.42 | 1.59 | 1.65 | 1.72 | 3.68 | 4.85 | 5.01 | 15.48 | 15.78 | 33.03 | 14.10 | 8.08 | 3.90 | 4.07 | 4.18 | 4.24 |
| Total Non-current Assets* | 246.01 | 216.26 | 151.91 | 151.49 | 159.69 | 186.52 | 223.57 | 155.01 | 209.12 | 301.53 | 340.28 | 510.83 | 489.66 | 433.04 | 111.75 | 107.75 | 61.80 |
| Total Assets | 360.04 | 319.56 | 242.39 | 213.50 | 218.55 | 231.49 | 270.78 | 299.78 | 378.46 | 378.39 | 526.91 | 610.91 | 596.27 | 518.92 | 225.72 | 259.10 | 234.03 |
| Accounts Payable | 61.42 | 60.60 | 47.16 | 52.62 | 52.54 | 58.47 | 68.79 | 61.76 | 88.21 | 81.13 | 64.07 | 50.61 | 43.53 | 27.24 | 9.36 | 7.78 | 9.02 |
| Total Current Liabilities | 201.66 | 196.05 | 179.84 | 201.37 | 207.94 | 196.44 | 209.61 | 198.24 | 214.41 | 146.83 | 224.56 | 74.41 | 55.23 | 30.29 | 20.03 | 23.49 | 52.75 |
| Long-term Debt | 105.93 | 91.22 | 80.04 | 88.51 | 92.79 | 104.80 | 106.84 | 30.01 | 55.09 | 137.80 | 121.79 | 77.22 | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 41.85 | 20.61 | 4.83 | 4.23 | 3.82 | 32.00 | 34.09 | 35.73 | 42.81 | 108.11 | 112.00 | 80.62 | 78.74 | 63.45 | 4.71 | 4.22 | 4.81 |
| Total Liabilities | 243.51 | 216.65 | 184.67 | 205.61 | 211.76 | 228.44 | 243.70 | 233.97 | 257.22 | 254.94 | 336.56 | 155.03 | 133.98 | 93.74 | 24.74 | 27.71 | 57.56 |
| Retained Earnings | (790.49) | (767.02) | (702.21) | (686.96) | (665.69) | (627.12) | (600.28) | (565.03) | (467.09) | (444.37) | (378.63) | (207.65) | (200.18) | (174.38) | (120.07) | (77.19) | (119.40) |
| Total Stockholder Equity | 110.21 | 96.99 | 55.91 | 5.51 | 6.31 | 2.73 | 26.72 | 58.95 | 89.56 | 97.65 | 166.08 | 319.77 | 327.35 | 306.82 | 199.48 | 230.03 | 174.57 |
* 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 | 34.84 | 44.08 | 26.91 | 24.33 | 25.86 | 25.02 | 2.27 | 31.06 | 28.40 | 44.93 | 29.89 | 47.96 | 47.41 | 31.19 | 34.36 | 49.78 | 17.37 | 32.83 | 7.82 | (30.79) |
| Cost of Revenue* | 26.05 | 29.01 | 23.01 | 18.06 | 19.73 | 19.74 | 5.47 | 22.52 | 29.03 | 25.42 | 28.42 | 38.30 | 29.52 | 29.15 | 26.82 | 28.68 | 12.37 | 10.49 | 7.20 | 5.27 |
| Gross Profit | 8.80 | 15.07 | 3.90 | 6.27 | 6.13 | 5.28 | (3.21) | 8.55 | (0.63) | 19.51 | 1.47 | 9.67 | 17.89 | 2.04 | 7.54 | 21.10 | 5.00 | 22.33 | 0.62 | (36.06) |
| Research & Development | 4.28 | 4.80 | 2.99 | 1.61 | 0.11 | 0.13 | 4.49 | 4.60 | 0.85 | 1.07 | 1.82 | 1.77 | 1.80 | 1.84 | 0.83 | 0.52 | 0.73 | 0.70 | 0.38 | 0.52 |
| Selling, General & Admin | 19.85 | 18.53 | 19.62 | 11.35 | 9.87 | 9.20 | (3.63) | 12.00 | 13.50 | 13.38 | 16.05 | 17.76 | 21.32 | 22.68 | 18.66 | 15.95 | 19.03 | 13.69 | 12.31 | 11.29 |
| Total Operating Expenses | 31.91 | 36.34 | 35.60 | 20.32 | 16.25 | 11.67 | 2.67 | 33.14 | 26.30 | 19.11 | 51.36 | 31.57 | 68.39 | 33.46 | 119.71 | 26.41 | 28.72 | 21.30 | 16.13 | 13.81 |
| Operating Income | (23.11) | (21.27) | (31.70) | (14.06) | (10.13) | (6.38) | (5.88) | (24.59) | (26.92) | 0.40 | (49.89) | (21.90) | (50.50) | (31.42) | (112.17) | (5.31) | (23.72) | 1.03 | (15.51) | (49.87) |
| Interest Expense | 3.94 | 6.55 | 1.55 | 3.06 | 7.66 | 3.84 | 1.62 | 7.77 | 5.38 | 4.90 | 2.52 | 4.41 | 15.93 | 13.73 | 6.72 | 3.97 | 2.03 | 29.82 | 1.40 | 0.14 |
| Pretax Income | (18.97) | (29.92) | (29.83) | (13.33) | (17.47) | (4.66) | (1.86) | (31.80) | (39.76) | 11.72 | (100.20) | (28.07) | (62.88) | (49.09) | (131.81) | (7.85) | (25.87) | (28.79) | (24.49) | (46.14) |
| Tax Provision | (0.02) | 0.22 | 0.07 | 0.25 | (0.13) | 0.06 | 0.02 | 0.05 | 0.02 | (0.04) | (0.20) | (0.56) | 1.37 | (0.26) | (4.85) | 0.14 | 0.22 | 0.01 | (0.01) | (3.37) |
| Net Income | (19.36) | (29.95) | (30.13) | (13.01) | (19.05) | (4.20) | (0.44) | (25.55) | (33.93) | 3.72 | (99.93) | (21.77) | (60.68) | (48.64) | (120.01) | (7.27) | (25.76) | (28.77) | (24.59) | (42.87) |
| Basic EPS | (0.05) | (0.09) | 3.20 | (0.39) | (2.66) | (0.98) | (66.45) | (0.71) | (1.08) | 0.15 | -- | -- | (50.08) | (41.24) | (0.30) | (0.03) | (0.09) | (0.32) | -- | (0.73) |
| Diluted EPS | (0.05) | (0.09) | 1.58 | (0.39) | (2.66) | -- | (66.39) | (0.71) | (1.08) | 0.09 | -- | -- | (50.08) | (41.24) | (0.30) | (0.03) | (0.09) | (0.32) | -- | (0.73) |
* 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 | (9.69) | (0.19) | (37.71) | (17.75) | (3.10) | (3.96) | (9.19) | 3.71 | (3.72) | (10.22) | (3.27) | (15.07) | 5.21 | 7.70 | 13.55 | (2.07) | (10.02) | 25.03 | (4.76) | (35.21) |
| Capital Expenditures | 6.75 | 10.57 | 18.45 | 2.81 | 0.40 | 2.88 | 0.07 | 0.87 | 3.02 | 0.88 | (0.07) | (2.61) | 4.33 | 7.02 | 23.92 | 11.72 | 37.42 | 35.36 | 123.85 | 22.56 |
| Free Cash Flow* | (16.44) | (10.76) | (56.16) | (20.56) | (3.49) | (6.84) | (9.25) | 2.84 | (6.73) | (11.10) | (3.20) | (12.46) | 0.89 | 0.68 | (10.36) | (13.79) | (47.44) | (10.33) | (128.61) | (57.77) |
| Investing Cash Flow | (22.23) | (22.84) | (57.25) | (10.60) | (1.16) | (1.17) | 15.03 | (8.05) | (2.06) | (1.73) | (6.65) | (4.00) | (16.10) | (2.77) | (52.23) | (23.65) | (58.37) | (24.39) | (264.72) | (38.99) |
| Financing Cash Flow | 60.16 | 10.60 | 95.91 | 48.79 | 6.90 | 4.71 | 3.26 | 3.77 | 5.78 | 13.04 | 13.26 | 10.98 | 20.89 | (8.10) | 38.05 | 10.58 | 53.27 | 22.21 | 246.86 | 13.03 |
* Derived from reported values