Financial Statements — HOWL
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 | 21.99 | 46.45 | 65.71 | 77.60 | 92.04 | 122.83 | 135.30 | 139.19 | 130.06 | 137.45 | 147.87 | 140.45 | 145.71 | 143.71 | 170.44 | 183.23 | 84.60 |
| Total Current Assets | 22.89 | 48.73 | 68.17 | 80.44 | 94.46 | 125.84 | 138.79 | 142.28 | 139.26 | 147.40 | 156.56 | 151.59 | 154.17 | 145.44 | 174.40 | 186.36 | 84.87 |
| Property, Plant & Equipment | 1.26 | 4.29 | 5.09 | 5.49 | 5.90 | 6.77 | 7.09 | 7.53 | 8.34 | 8.38 | 8.70 | 9.17 | 9.03 | 6.14 | 0.79 | 0.69 | 0.69 |
| Total Non-current Assets* | 1.26 | 9.29 | 11.45 | 12.13 | 12.78 | 14.20 | 14.92 | 35.32 | 37.13 | 37.84 | 38.51 | 20.84 | 21.16 | 19.20 | 3.97 | 4.06 | 4.57 |
| Total Assets | 24.16 | 58.02 | 79.63 | 92.57 | 107.24 | 140.04 | 153.70 | 177.60 | 176.39 | 185.24 | 195.07 | 172.42 | 175.33 | 164.63 | 178.38 | 190.42 | 89.44 |
| Accounts Payable | 1.94 | 3.57 | 1.08 | 2.77 | 0.99 | 1.24 | 1.47 | 1.59 | 1.39 | 1.49 | 2.11 | 1.39 | 2.59 | 1.38 | 1.46 | 3.19 | 1.80 |
| Total Current Liabilities | 7.86 | 38.52 | 17.60 | 15.17 | 11.67 | 12.46 | 11.44 | 21.21 | 14.44 | 15.01 | 21.72 | 27.80 | 30.37 | 11.03 | 7.78 | 7.37 | 5.41 |
| Long-term Debt | -- | 32.09 | 32.09 | 32.09 | 32.09 | 32.09 | 32.09 | 40.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.00 | 7.30 | 32.41 | 35.93 | 38.26 | 38.19 | 38.24 | 38.80 | 49.50 | 51.63 | 52.27 | 13.68 | 15.12 | 14.29 | 1.30 | 1.49 | 1.68 |
| Total Liabilities | 7.86 | 45.82 | 50.01 | 51.10 | 49.93 | 50.66 | 49.69 | 60.01 | 63.94 | 66.64 | 74.00 | 41.48 | 45.49 | 25.31 | 9.07 | 8.86 | 7.09 |
| Retained Earnings | (485.27) | (488.94) | (467.03) | (450.66) | (432.68) | (394.19) | (377.51) | (360.27) | (332.07) | (323.79) | (318.69) | (294.77) | (282.83) | (268.24) | (235.03) | (221.27) | (153.76) |
| Total Stockholder Equity | 16.29 | 12.20 | 29.61 | 41.46 | 57.31 | 89.38 | 104.02 | 117.59 | 112.44 | 118.60 | 121.07 | 130.95 | 129.84 | 139.32 | 169.30 | 181.56 | (153.75) |
* 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 | 6.16 | 8.18 | 6.93 | 11.63 | 13.14 | 13.12 | 15.73 | 12.53 | 15.27 | 12.91 | 9.65 | 10.84 | 9.58 | 11.71 | 15.86 | 13.07 | 13.89 | 10.95 | 13.40 | 9.79 |
| Selling, General & Admin | 7.68 | 5.09 | 2.49 | 4.09 | 4.40 | 4.87 | 4.62 | 4.60 | 4.83 | 5.00 | 4.81 | 4.31 | 4.57 | 4.98 | 4.60 | 4.44 | 5.23 | 4.42 | 4.48 | 4.01 |
| Total Operating Expenses | 13.84 | 13.27 | 9.42 | 15.73 | 17.54 | 17.99 | 20.35 | 17.12 | 20.10 | 17.90 | 14.46 | 15.15 | 14.15 | 16.69 | 20.46 | 17.51 | 19.12 | 15.37 | 17.88 | 13.80 |
| Operating Income | 7.16 | (13.27) | (9.42) | (15.73) | (17.54) | (17.99) | (20.35) | (17.12) | (18.96) | (17.16) | (12.96) | (9.25) | (6.07) | (12.22) | (13.18) | (12.54) | (14.97) | (15.37) | (17.88) | (13.79) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | 3.67 | (13.53) | (8.38) | (16.37) | (17.98) | (18.09) | (20.40) | (16.67) | (17.25) | (16.19) | (12.00) | (8.28) | (5.10) | (11.98) | (11.93) | (11.94) | (14.59) | (15.34) | (17.87) | (13.76) |
| Basic EPS | 0.08 | (0.28) | (0.16) | (0.36) | (0.40) | (0.40) | (0.46) | (0.38) | (0.40) | (0.39) | (0.34) | (0.23) | (0.14) | (0.34) | (0.37) | (0.40) | (0.53) | (0.56) | 76.75 | (0.51) |
| Diluted EPS | 0.08 | (0.28) | (0.17) | (0.36) | (0.40) | (0.40) | (0.43) | (0.38) | (0.43) | (0.39) | (0.34) | (0.23) | (0.14) | (0.34) | (0.37) | (0.40) | (0.53) | (0.56) | 76.75 | (0.51) |
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 | 6.63 | (10.60) | (11.02) | (15.16) | (15.16) | (18.95) | (14.25) | (12.46) | (14.18) | (15.30) | (4.58) | (7.21) | (10.92) | (9.90) | (11.87) | (14.47) | (0.30) | (13.95) | (12.67) | (12.42) |
| Capital Expenditures | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.00 | 0.02 | 0.11 | 0.20 | 0.22 | 0.18 | 0.17 | 0.52 | 1.95 | 1.11 | 0.03 | 0.27 | 0.10 |
| Free Cash Flow* | -- | -- | (11.02) | (15.16) | (15.16) | (18.95) | (14.37) | (12.46) | (14.19) | (15.41) | (4.78) | (7.43) | (11.10) | (10.07) | (12.39) | (16.43) | (1.41) | (13.98) | (12.94) | (12.52) |
| Investing Cash Flow | 0.42 | -- | 0.00 | 0.00 | 0.00 | 0.00 | (0.12) | -0.00 | (0.02) | (0.11) | (0.20) | (0.22) | (0.18) | (0.17) | (0.52) | (1.95) | (1.11) | (0.03) | (0.27) | (0.10) |
| Financing Cash Flow | (32.41) | -- | 2.37 | 3.27 | 0.39 | 0.00 | 2.55 | (0.01) | (9.72) | 20.26 | 9.07 | 0.04 | 0.69 | 48.62 | 1.26 | 11.08 | 3.42 | 0.16 | 0.04 | (0.28) |
* Derived from reported values
