Financial Statements — HRTX
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 | 0.02 | 0.03 | 0.04 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.01 | 0.03 | 0.05 | 0.05 | 0.06 | 0.16 | 0.19 | 0.06 |
| Accounts Receivable | 0.09 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.06 | 0.08 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
| Inventory | 0.09 | 0.09 | 0.07 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 |
| Total Current Assets | 0.23 | 0.23 | 0.23 | 0.21 | 0.21 | 0.20 | 0.19 | 0.19 | 0.19 | 0.17 | 0.18 | 0.22 | 0.19 | 0.22 | 0.32 | 0.37 | 0.27 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Non-current Assets* | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 |
| Total Assets | 0.25 | 0.25 | 0.25 | 0.23 | 0.24 | 0.22 | 0.22 | 0.22 | 0.23 | 0.20 | 0.22 | 0.27 | 0.24 | 0.27 | 0.35 | 0.40 | 0.31 |
| Accounts Payable | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Total Current Liabilities | 0.09 | 0.09 | 0.09 | 0.26 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.09 | 0.08 | 0.09 | 0.11 | 0.09 | 0.07 | 0.08 | 0.10 |
| Total Non-current Liabilities* | 0.15 | 0.15 | 0.14 | 0.00 | 0.18 | 0.18 | 0.18 | 0.18 | 0.18 | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.01 |
| Total Liabilities | 0.25 | 0.24 | 0.23 | 0.26 | 0.26 | 0.26 | 0.26 | 0.25 | 0.26 | 0.24 | 0.23 | 0.25 | 0.27 | 0.25 | 0.23 | 0.24 | 0.11 |
| Retained Earnings | (1.95) | (1.95) | (1.94) | (1.92) | (1.92) | (1.92) | (1.92) | (1.91) | (1.90) | (1.87) | (1.83) | (1.78) | (1.73) | (1.68) | (1.56) | (1.51) | (1.45) |
| Total Stockholder Equity | 0.01 | 0.01 | 0.01 | (0.03) | (0.03) | (0.04) | (0.04) | (0.03) | (0.03) | (0.04) | (0.01) | 0.02 | (0.02) | 0.02 | 0.12 | 0.16 | 0.20 |
* 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 | 37.67 | 34.71 | 40.59 | 38.21 | 37.20 | 38.90 | 40.78 | 32.81 | 36.02 | 34.67 | 34.23 | 31.43 | 31.76 | 29.62 | 30.03 | 26.56 | 27.63 | 23.46 | 20.66 | 23.23 |
| Cost of Revenue | 11.57 | 10.64 | 11.12 | 11.91 | 9.86 | 8.46 | 10.23 | 9.46 | 10.52 | 8.44 | 9.89 | 18.21 | 20.16 | 16.85 | 12.63 | 14.72 | 16.18 | 11.36 | 10.94 | 11.35 |
| Gross Profit* | 26.09 | 24.07 | 29.47 | 26.30 | 27.34 | 30.45 | 30.55 | 23.35 | 25.51 | 26.23 | 24.35 | 13.23 | 11.60 | 12.76 | 17.40 | 11.84 | 11.46 | 12.10 | 9.71 | 11.88 |
| Research & Development | 2.70 | 2.38 | 3.75 | 3.47 | 2.93 | 2.28 | 3.18 | 4.47 | 4.43 | 4.61 | 10.95 | 13.56 | 17.57 | 13.82 | 11.06 | 25.55 | 28.83 | 42.07 | 28.88 | 28.60 |
| Selling, General & Admin | 11.28 | 12.15 | 13.45 | 13.98 | 14.47 | 12.70 | 12.15 | 12.37 | 13.91 | 14.97 | 11.29 | 11.64 | 15.23 | 10.85 | 8.92 | 9.80 | 9.18 | 9.53 | 9.89 | 9.79 |
| Total Operating Expenses | 28.14 | 28.84 | 29.43 | 30.39 | 28.98 | 27.29 | 26.38 | 27.81 | 31.95 | 31.02 | 34.57 | 38.16 | 54.01 | 45.82 | 37.76 | 53.72 | 60.95 | 75.03 | 63.25 | 63.59 |
| Operating Income | (2.04) | (4.76) | 0.04 | (4.09) | (1.64) | 3.15 | 4.17 | (4.46) | (6.44) | (4.80) | (10.22) | (24.93) | (42.40) | (33.06) | (20.35) | (41.88) | (49.50) | (62.92) | (53.54) | (51.71) |
| Net Income | (5.49) | (8.11) | (2.95) | (17.49) | (2.38) | 2.64 | 3.66 | (4.85) | (9.23) | (3.16) | (10.72) | (25.01) | (42.06) | (32.77) | (19.87) | (41.91) | (56.36) | (63.89) | (54.65) | (52.41) |
| Basic EPS | (0.03) | (0.04) | (0.02) | (0.10) | (0.02) | 0.02 | 0.02 | (0.03) | (0.06) | (0.02) | (0.01) | (0.17) | (0.35) | (0.27) | (0.13) | (0.38) | (0.55) | -- | -- | -- |
| Diluted EPS | (0.03) | (0.04) | (0.01) | (0.10) | (0.02) | 0.01 | 0.02 | (0.03) | (0.06) | (0.02) | (0.01) | (0.17) | (0.35) | (0.27) | (0.13) | (0.38) | (0.55) | -- | -- | -- |
* 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 | (2.21) | (1.54) | (9.18) | 1.33 | (10.87) | (8.87) | (11.78) | 3.37 | (4.60) | (9.52) | 2.46 | (9.18) | (27.16) | (24.90) | (37.53) | (37.07) | (28.37) | (43.94) | (45.26) | (53.17) |
| Capital Expenditures | 0.14 | 0.39 | 0.00 | 0.00 | 0.21 | 0.11 | 0.64 | 0.43 | 0.64 | -- | 0.25 | 0.79 | 0.28 | 0.22 | 0.41 | 0.05 | 0.32 | 1.04 | 0.39 | 1.53 |
| Free Cash Flow* | (2.35) | (1.93) | (9.18) | 1.33 | (11.08) | (8.98) | (12.42) | 2.94 | (5.24) | -- | 2.21 | (9.97) | (27.44) | (25.12) | (37.95) | (37.11) | (28.69) | (44.98) | (45.65) | (54.70) |
| Investing Cash Flow | (3.26) | (0.94) | (5.46) | 11.86 | 7.33 | 2.27 | 11.42 | 3.97 | 2.05 | 1.28 | (8.84) | (23.22) | 13.22 | 36.83 | 2.02 | (36.05) | 19.76 | 10.95 | (24.26) | 21.63 |
| Financing Cash Flow | 0.08 | (0.05) | 0.22 | 13.36 | 0.78 | 0.06 | 0.42 | 0.01 | 0.49 | 0.01 | 0.20 | 53.80 | 0.32 | (0.21) | 0.44 | 74.94 | 0.32 | (0.64) | 0.49 | (0.07) |
* Derived from reported values