Financial Statements — IMA
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 | 94.68 | 76.05 | 103.16 | 58.29 | 36.76 | 45.19 | 44.27 | 52.85 | 121.28 | 70.87 | 29.33 | 67.07 | 48.49 | 46.88 | 245.90 | 264.00 | 281.01 |
| Short-term Investments | 41.48 | 41.16 | 39.42 | 37.35 | 77.29 | 92.84 | 101.15 | 104.50 | 75.66 | 86.44 | 108.48 | 107.29 | 144.32 | 165.50 | -- | -- | -- |
| Total Current Assets | 141.11 | 122.01 | 147.53 | 99.01 | 117.00 | 141.53 | 149.32 | 161.17 | 200.63 | 160.65 | 141.18 | 177.98 | 199.15 | 216.05 | 251.87 | 268.71 | 283.23 |
| Property, Plant & Equipment | -- | -- | 0.00 | 0.42 | 0.51 | 0.68 | 0.77 | 0.86 | 2.63 | 2.88 | 3.13 | 3.12 | 2.95 | 2.29 | 2.13 | 2.10 | 2.12 |
| Total Non-current Assets* | 10.93 | 14.68 | 13.35 | 27.15 | 13.84 | 7.46 | 8.16 | 11.62 | 14.70 | 11.12 | 11.22 | 12.49 | 12.04 | 11.70 | 9.84 | 10.12 | 10.43 |
| Total Assets | 152.04 | 136.68 | 160.88 | 126.17 | 130.84 | 148.99 | 157.49 | 172.78 | 215.34 | 171.76 | 152.40 | 190.47 | 211.18 | 227.75 | 261.71 | 278.83 | 293.66 |
| Accounts Payable | 0.98 | 0.57 | 2.08 | 0.51 | 0.81 | 1.54 | 1.41 | 1.91 | 3.95 | 1.77 | 2.76 | 2.36 | 4.09 | 2.39 | 1.93 | 2.47 | 2.53 |
| Short-term Debt | -- | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 6.57 | 6.63 | 11.14 | 7.32 | 8.79 | 9.24 | 8.20 | 10.17 | 19.27 | 12.01 | 13.95 | 25.04 | 28.51 | 25.33 | 30.57 | 30.54 | 30.02 |
| Total Non-current Liabilities* | 3.40 | 6.72 | 9.90 | 2.94 | 3.80 | 5.52 | 6.43 | 7.27 | 8.88 | 3.06 | 3.43 | 6.64 | 8.30 | 9.46 | 27.87 | 32.02 | 36.00 |
| Total Liabilities | 9.97 | 13.36 | 21.05 | 10.26 | 12.59 | 14.76 | 14.63 | 17.43 | 28.15 | 15.06 | 17.38 | 31.68 | 36.82 | 34.79 | 58.44 | 62.57 | 66.02 |
| Retained Earnings | (250.85) | (240.67) | (223.14) | (343.00) | (340.24) | (322.49) | (312.26) | (298.53) | (262.90) | (245.55) | (228.44) | (200.12) | (182.78) | (162.29) | (148.25) | (133.74) | (121.05) |
| Total Stockholder Equity | 142.07 | 123.33 | 139.83 | 115.91 | 118.25 | 134.23 | 142.86 | 155.35 | 155.34 | 156.70 | 135.02 | 158.79 | 174.37 | 192.96 | 203.26 | 216.26 | 227.64 |
* 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 | 0.00 | 0.80 | 0.00 | 3.50 | -- | -- | -- | (3.82) | -- | -- | 0.66 | 1.19 | 2.00 | 5.31 | 5.45 | 6.40 | 0.38 | 3.38 | 20.22 | 3.75 |
| Research & Development | 6.67 | 5.96 | 5.23 | 15.56 | 4.03 | 3.72 | 4.58 | 6.82 | 9.83 | 9.65 | 14.27 | 14.65 | 15.17 | 15.55 | 15.64 | 18.85 | 15.49 | 14.34 | 12.34 | 13.38 |
| Selling, General & Admin | 5.12 | 6.12 | (0.37) | 11.04 | 4.42 | 5.64 | 7.60 | 4.78 | 5.31 | 6.00 | 8.29 | 6.03 | 5.32 | 5.28 | 4.93 | 5.43 | 5.85 | 6.00 | 5.09 | 4.89 |
| Total Operating Expenses | 11.78 | 12.08 | 3.11 | 26.59 | 8.75 | 10.79 | 12.52 | 12.41 | 15.82 | 18.23 | 22.57 | 20.69 | 20.49 | 20.83 | 20.57 | 24.28 | 21.33 | 20.35 | 17.43 | 18.27 |
| Operating Income | (11.78) | (12.08) | (2.31) | (26.59) | (8.75) | (10.79) | (12.52) | (12.41) | (15.82) | (18.23) | (21.91) | (19.50) | (18.49) | (15.51) | (15.11) | (17.88) | (20.95) | (16.96) | 2.79 | (14.52) |
| Pretax Income | (10.16) | (10.61) | (9.50) | (24.85) | (2.75) | (8.59) | (9.07) | (10.22) | (13.67) | (16.12) | (19.65) | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.02 | 0.01 | (0.32) | (0.07) | 0.02 | 0.03 | 0.05 | 0.01 | 0.06 | 0.03 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (10.18) | (10.62) | (9.18) | (24.78) | (2.77) | (8.62) | (9.12) | (10.23) | (13.73) | (16.15) | (19.49) | (17.34) | (17.11) | (14.22) | (14.10) | (17.34) | (20.49) | (16.84) | 2.80 | (14.51) |
| Basic EPS | (0.63) | (0.95) | (6.49) | (2.91) | (0.06) | (0.18) | (0.20) | (0.21) | (0.28) | (0.33) | (0.40) | (0.40) | (0.44) | (0.39) | (0.39) | (0.48) | (0.57) | -- | -- | -- |
| Diluted EPS | (0.63) | (0.95) | (6.49) | (2.91) | (0.06) | (0.18) | (0.20) | (0.21) | (0.28) | (0.33) | (0.40) | (0.40) | (0.44) | (0.39) | (0.39) | (0.48) | (0.57) | -- | -- | -- |
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 | (9.07) | (14.80) | (7.22) | (26.64) | (3.42) | (10.56) | (6.26) | (8.94) | (12.50) | (18.30) | (21.82) | (20.00) | (18.14) | (19.78) | (17.65) | (17.22) | (19.45) | (19.78) | (13.37) | (17.99) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.26 | 0.00 | 0.00 | 0.15 | 0.23 | 1.13 | 0.04 | 0.03 | 0.55 | 0.18 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (22.08) | (20.00) | (18.14) | (19.94) | (17.89) | (18.35) | (19.49) | (19.82) | (13.92) | (18.17) |
| Investing Cash Flow | (0.35) | (0.44) | (1.36) | (37.33) | 24.95 | 7.93 | 0.46 | 9.45 | 3.92 | (48.74) | 20.38 | 31.89 | 22.68 | (10.81) | 10.50 | 35.78 | 20.49 | (166.05) | (0.55) | (0.18) |
| Financing Cash Flow | 28.05 | (3.24) | 0.00 | 135.47 | -- | -- | -- | -- | -- | -- | 0.06 | 38.92 | 37.00 | -- | 0.00 | 0.02 | 0.57 | 0.50 | 0.24 | 0.07 |
* Derived from reported values
