Financial Statements — IOVA
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 | 0.11 | 0.20 | 0.16 | 0.13 | 0.17 | 0.16 | 0.23 | 0.13 | 0.27 | 0.23 | 0.54 | 0.12 | 0.11 | 0.09 | 0.06 | 0.08 | 0.13 |
| Short-term Investments | 0.19 | 0.12 | 0.14 | 0.17 | 0.19 | 0.23 | 0.18 | 0.22 | 0.09 | 0.02 | 0.08 | 0.24 | 0.32 | 0.39 | 0.52 | 0.57 | 0.47 |
| Accounts Receivable | 0.10 | 0.08 | 0.07 | 0.06 | 0.07 | 0.06 | 0.03 | 0.00 | -- | 0.00 | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 0.06 | 0.06 | 0.05 | 0.05 | 0.07 | 0.04 | 0.03 | 0.02 | 0.01 | 0.01 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.46 | 0.47 | 0.43 | 0.42 | 0.51 | 0.50 | 0.48 | 0.39 | 0.38 | 0.27 | 0.64 | 0.37 | 0.43 | 0.49 | 0.58 | 0.67 | 0.61 |
| Property, Plant & Equipment | 0.13 | 0.13 | 0.13 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.10 | 0.10 | 0.10 | 0.09 | 0.08 | 0.07 |
| Intangible Assets | 0.26 | 0.27 | 0.29 | 0.30 | 0.29 | 0.31 | 0.30 | 0.29 | 0.22 | 0.24 | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 0.45 | 0.46 | 0.48 | 0.48 | 0.45 | 0.49 | 0.48 | 0.48 | 0.47 | 0.48 | 0.19 | 0.18 | 0.18 | 0.21 | 0.25 | 0.19 | 0.15 |
| Total Assets | 0.92 | 0.93 | 0.90 | 0.91 | 0.97 | 0.99 | 0.96 | 0.87 | 0.85 | 0.76 | 0.82 | 0.55 | 0.61 | 0.70 | 0.83 | 0.85 | 0.75 |
| Accounts Payable | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 |
| Total Current Liabilities | 0.11 | 0.13 | 0.13 | 0.13 | 0.12 | 0.12 | 0.09 | 0.08 | 0.09 | 0.09 | 0.09 | 0.08 | 0.06 | 0.08 | 0.06 | 0.06 | 0.06 |
| Total Non-current Liabilities | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.10 | 0.10 | 0.11 | 0.09 | 0.09 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.05 | 0.05 |
| Total Liabilities | 0.18 | 0.20 | 0.20 | 0.21 | 0.20 | 0.22 | 0.20 | 0.19 | 0.18 | 0.18 | 0.16 | 0.15 | 0.14 | 0.15 | 0.13 | 0.11 | 0.10 |
| Retained Earnings | (2.90) | (2.85) | (2.70) | (2.61) | (2.50) | (2.31) | (2.22) | (2.13) | (1.90) | (1.78) | (1.68) | (1.46) | (1.36) | (1.26) | (1.07) | (0.99) | (0.91) |
| Total Stockholder Equity | 0.74 | 0.72 | 0.70 | 0.70 | 0.77 | 0.77 | 0.77 | 0.68 | 0.67 | 0.58 | 0.67 | 0.39 | 0.47 | 0.55 | 0.70 | 0.74 | 0.65 |
* 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 | 99.31 | 71.43 | 86.77 | 67.46 | 59.95 | 49.32 | 73.69 | 58.56 | 31.11 | 0.72 | 0.48 | 0.47 | 0.24 | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 43.60 | 42.50 | 28.30 | 38.48 | 56.66 | 49.74 | 45.54 | 39.82 | 31.37 | 7.26 | 4.37 | 4.34 | 2.05 | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 55.72 | 28.93 | 58.47 | 28.98 | 3.29 | (0.42) | 28.15 | 18.73 | (0.26) | (6.55) | (3.88) | (3.87) | (1.81) | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 58.85 | 62.49 | 68.85 | 75.17 | 79.36 | 76.88 | 72.22 | 68.25 | 62.08 | 79.78 | 87.47 | 87.53 | 86.35 | 82.73 | 80.57 | 72.50 | 73.41 | 68.30 | 75.62 | 65.36 |
| Selling, General & Admin | 39.27 | 38.95 | 36.14 | 34.56 | 37.70 | 43.93 | 42.50 | 39.55 | 39.57 | 31.39 | 29.90 | 26.96 | 21.93 | 28.12 | 26.46 | 27.89 | 26.33 | 23.41 | 23.85 | 20.89 |
| Total Operating Expenses | 107.62 | 109.98 | 131.93 | 123.88 | 117.06 | 120.80 | 114.73 | 107.80 | 101.65 | 111.18 | 117.37 | 114.49 | 108.27 | 110.86 | 107.04 | 100.40 | 99.73 | 91.71 | 99.47 | 86.24 |
| Operating Income | (51.90) | (81.04) | (73.46) | (94.90) | (113.77) | (121.22) | (86.58) | (89.07) | (101.91) | (117.72) | (121.26) | (118.36) | (110.09) | (110.86) | (107.04) | (100.39) | (99.73) | (91.71) | (99.46) | (86.24) |
| Pretax Income | (48.69) | (79.71) | (71.72) | (93.66) | (109.67) | (118.00) | (77.00) | (85.06) | (98.56) | (114.38) | (118.14) | (115.00) | (107.00) | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | (1.37) | (0.66) | 0.18 | (2.40) | 1.99 | (1.84) | 1.56 | (1.52) | (1.46) | (1.41) | (1.76) | (1.24) | (0.48) | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (47.31) | (79.04) | (71.90) | (91.25) | (111.66) | (116.16) | (78.56) | (83.54) | (97.10) | (112.98) | (116.38) | (113.76) | (106.53) | (107.37) | (105.32) | (99.62) | (99.35) | (91.61) | (99.33) | (86.12) |
| Basic EPS | (0.11) | (0.19) | (0.15) | (0.25) | (0.33) | (0.36) | (0.24) | (0.28) | (0.34) | (0.42) | (0.46) | (0.46) | (0.47) | (0.50) | (0.65) | (0.63) | (0.63) | (0.58) | (0.63) | (0.55) |
| Diluted EPS | (0.11) | (0.19) | -- | -- | (0.33) | (0.36) | (0.24) | (0.28) | (0.34) | (0.42) | (0.46) | (0.46) | (0.47) | (0.50) | (0.65) | (0.63) | (0.63) | (0.58) | (0.63) | (0.55) |
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 | (60.84) | (72.07) | (52.56) | (78.70) | (67.45) | (103.69) | (73.30) | (58.97) | (98.43) | (122.28) | (83.97) | (84.08) | (93.95) | (99.81) | (77.67) | (63.65) | (77.64) | (73.80) | (53.85) | (57.69) |
| Capital Expenditures | 5.44 | 6.61 | 9.32 | 10.84 | 7.46 | 6.21 | 4.17 | 2.29 | 0.44 | 4.17 | 3.53 | 3.58 | 9.52 | 5.66 | 3.02 | 1.39 | 4.58 | 11.44 | 7.57 | 9.69 |
| Free Cash Flow* | (66.28) | (78.68) | (61.88) | (89.55) | (74.91) | (109.90) | (77.46) | (61.26) | (98.87) | (126.45) | (87.50) | (87.66) | (103.47) | (105.48) | (80.69) | (65.04) | (82.21) | (85.24) | (61.42) | (67.38) |
| Investing Cash Flow | (74.05) | 11.39 | 0.78 | 17.01 | 13.84 | 15.87 | 23.68 | (48.80) | 40.22 | (111.51) | (72.84) | (79.01) | (156.78) | 153.40 | 0.46 | 73.72 | 95.76 | 86.52 | 69.34 | 12.75 |
| Financing Cash Flow | 49.29 | 94.34 | 56.17 | 88.06 | 13.23 | 143.32 | 2.31 | 41.95 | 152.82 | 193.58 | 0.96 | 202.80 | 1.02 | 258.17 | 190.58 | 0.23 | (2.07) | 1.42 | 4.15 | 20.77 |
* Derived from reported values
