Financial Statements — IPI
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 | 184.99 | 99.26 | 77.21 | 85.05 | 45.67 | 38.03 | 51.66 | 34.07 | 2.79 | 17.16 | 10.45 | 49.21 | 81.93 | 60.14 | 25.64 | 53.25 | 35.99 |
| Accounts Receivable | 18.98 | 46.26 | 25.02 | 20.75 | 47.85 | 32.22 | 21.62 | 41.83 | 24.09 | 23.82 | 39.21 | 38.23 | 32.64 | 51.61 | 32.73 | 23.03 | 36.90 |
| Inventory | 104.88 | 95.69 | 110.86 | 100.20 | 98.11 | 109.58 | 101.93 | 102.55 | 108.36 | 103.97 | 107.17 | 96.91 | 82.64 | 79.30 | 76.83 | 74.76 | 78.92 |
| Total Current Assets | 313.10 | 303.64 | 221.53 | 211.63 | 198.92 | 190.26 | 183.19 | 188.14 | 146.61 | 153.84 | 167.08 | 198.00 | 209.23 | 197.69 | 143.18 | 156.36 | 157.02 |
| Property, Plant & Equipment | 295.41 | 296.00 | 334.15 | 336.26 | 341.26 | 354.90 | 354.29 | 354.81 | 402.86 | 400.63 | 387.85 | 358.73 | 347.83 | 338.75 | 339.99 | 341.98 | 348.95 |
| Intangible Assets | -- | -- | 4.50 | 4.60 | 4.70 | 4.90 | 5.00 | 4.80 | 5.00 | 5.10 | 5.20 | 5.30 | 5.40 | 5.50 | 5.60 | 5.70 | 5.80 |
| Total Non-current Assets* | 336.83 | 337.90 | 395.00 | 395.53 | 402.36 | 615.96 | 613.80 | 614.45 | 646.18 | 642.43 | 633.91 | 609.91 | 601.80 | 598.12 | 398.64 | 400.76 | 408.16 |
| Total Assets | 649.92 | 641.54 | 616.54 | 607.16 | 601.28 | 806.22 | 796.99 | 802.60 | 792.79 | 796.27 | 800.99 | 807.91 | 811.02 | 795.82 | 541.82 | 557.12 | 565.18 |
| Total Current Liabilities | 49.45 | 57.77 | 42.24 | 40.08 | 38.50 | 43.19 | 33.44 | 39.45 | 38.20 | 38.22 | 44.25 | 49.11 | 63.01 | 71.80 | 75.09 | 65.70 | 78.92 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 14.91 |
| Total Non-current Liabilities* | 85.28 | 85.58 | 83.56 | 83.24 | 83.33 | 82.44 | 81.30 | 81.16 | 34.17 | 31.94 | 36.45 | 30.33 | 31.17 | 30.74 | 27.51 | 56.89 | 71.82 |
| Total Liabilities | 134.73 | 143.35 | 125.81 | 123.32 | 121.82 | 125.63 | 114.74 | 120.61 | 72.36 | 70.17 | 80.70 | 79.44 | 94.19 | 102.55 | 102.60 | 122.59 | 150.74 |
| Retained Earnings | (137.87) | (153.45) | (160.44) | (164.19) | (167.45) | 34.99 | 36.83 | 37.66 | 78.08 | 85.27 | 80.97 | 72.48 | 59.37 | 35.67 | (219.62) | (223.64) | (243.14) |
| Total Stockholder Equity | 515.19 | 498.20 | 490.73 | 483.84 | 479.45 | 680.59 | 682.25 | 681.99 | 720.43 | 726.10 | 720.29 | 728.47 | 716.84 | 693.27 | 439.22 | 434.54 | 414.44 |
* 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 | 66.69 | 98.69 | -- | -- | 67.54 | 94.53 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue* | 50.04 | 81.01 | -- | -- | 53.25 | 79.93 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 16.65 | 17.67 | 15.35 | 10.57 | 14.29 | 14.60 | 7.29 | 7.73 | 7.62 | 6.43 | 4.62 | 0.49 | 15.38 | 16.35 | 25.65 | 26.77 | 41.81 | 47.18 | 21.85 | 10.61 |
| Selling, General & Admin | 10.02 | 11.27 | 9.58 | 9.00 | 8.97 | 9.15 | 7.52 | 9.15 | 7.94 | 8.36 | 7.93 | 7.69 | 7.95 | 8.86 | 9.24 | 8.55 | 7.22 | 6.79 | 5.71 | 5.89 |
| Total Operating Expenses* | 15.59 | 11.45 | 16.31 | 7.24 | 10.99 | 9.60 | 18.99 | 9.96 | 9.25 | 10.74 | 52.07 | 9.66 | 8.11 | 10.98 | 19.52 | 9.32 | 17.13 | 7.11 | 6.82 | 6.53 |
| Operating Income | 1.06 | 6.23 | (0.96) | 3.33 | 3.29 | 5.00 | (11.70) | (2.22) | (1.63) | (4.31) | (47.44) | (9.17) | 7.27 | 5.37 | 6.13 | 17.45 | 31.80 | 40.06 | 15.03 | 4.08 |
| Interest Expense | 0.00 | 0.00 | 0.03 | 0.04 | 0.07 | 0.11 | 0.11 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.03 | 0.02 | 0.03 | 0.04 | 0.08 |
| Pretax Income | 2.45 | 6.94 | (0.37) | 4.01 | 3.29 | 4.80 | (11.63) | (1.84) | (1.14) | (3.90) | (47.57) | (9.11) | 6.33 | 6.29 | 6.14 | 18.01 | 31.80 | 40.56 | 14.99 | 4.02 |
| Tax Provision | 0.06 | 0.06 | 0.05 | 0.26 | 0.03 | 0.20 | 195.42 | (0.01) | (0.30) | (0.77) | (10.28) | (1.92) | 2.02 | 1.79 | 2.16 | 4.90 | 8.09 | 9.14 | (208.87) | 0.00 |
| Net Income | 15.58 | 7.42 | (0.43) | 3.75 | 3.26 | 4.61 | -- | (1.83) | (0.83) | (3.13) | -- | (7.20) | 4.31 | 4.51 | -- | 13.11 | 23.71 | 31.42 | -- | 4.02 |
| Basic EPS | 1.18 | 0.56 | (0.04) | 0.29 | 0.25 | 0.36 | (16.09) | (0.14) | (0.06) | (0.24) | (2.93) | (0.56) | 0.34 | 0.35 | 0.32 | 0.99 | 1.79 | 2.39 | 17.08 | 0.31 |
| Diluted EPS | 1.17 | 0.56 | (0.03) | 0.28 | 0.25 | 0.35 | (16.09) | (0.14) | (0.06) | (0.24) | (2.92) | (0.56) | 0.33 | 0.35 | 0.35 | 0.97 | 1.74 | 2.31 | 16.72 | 0.30 |
* 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 | 34.37 | 23.17 | 8.91 | (3.99) | 39.94 | 10.92 | 7.56 | (4.34) | 27.75 | 41.53 | 4.60 | (0.32) | 30.50 | 8.45 | 19.71 | (14.12) | 49.12 | 34.11 | 19.64 | 7.99 |
| Capital Expenditures | 8.46 | 5.13 | 10.08 | 7.75 | 4.14 | 8.27 | 6.12 | 9.61 | 11.30 | 11.67 | 6.58 | 16.55 | 20.90 | 21.04 | 31.60 | 14.33 | 15.98 | 6.80 | 7.35 | 5.81 |
| Free Cash Flow* | 25.91 | 18.03 | (1.18) | (11.73) | 35.81 | 2.65 | 1.44 | (13.95) | 16.45 | 29.86 | (1.97) | (16.87) | 9.60 | (12.59) | (11.89) | (28.44) | 33.14 | 27.32 | 12.29 | 2.18 |
| Investing Cash Flow | 51.89 | (5.15) | (2.08) | (5.39) | (0.13) | (5.67) | (4.02) | (9.10) | (9.83) | (6.58) | (4.95) | (15.85) | (18.32) | (20.43) | (30.76) | (14.79) | (25.95) | (7.67) | (8.43) | (5.81) |
| Financing Cash Flow | (0.52) | (2.29) | (0.49) | 1.54 | (0.43) | (0.89) | (0.26) | (0.18) | (0.32) | (4.96) | 1.63 | 1.81 | (5.47) | 3.92 | (19.64) | (3.81) | (1.53) | (2.72) | (0.40) | (29.79) |
* Derived from reported values