Financial Statements — IPSC
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 |
|---|
| Cash & Equivalents | 49.64 | 51.05 | 55.52 | 56.88 | 51.87 | 52.59 | 41.46 | 46.81 | 55.31 | 64.44 | 86.83 | 111.35 | 112.79 | 126.04 | 101.29 | 272.28 |
| Short-term Investments | 70.07 | 83.76 | 77.23 | 98.97 | 113.26 | 145.52 | 154.95 | 145.20 | 114.20 | 91.96 | 164.64 | 244.51 | 265.97 | 234.98 | 193.86 | 125.29 |
| Total Current Assets | 124.77 | 139.04 | 137.71 | 160.17 | 169.63 | 206.01 | 203.48 | 199.81 | 173.70 | 161.28 | 255.93 | 361.64 | 383.79 | 365.26 | 300.40 | 402.61 |
| Property, Plant & Equipment | 34.48 | 47.61 | 53.72 | 56.65 | 59.53 | 65.28 | 69.41 | 69.01 | 81.99 | 83.77 | 85.84 | 77.94 | 69.97 | 64.68 | 48.63 | 34.46 |
| Goodwill | -- | -- | -- | -- | -- | 4.73 | 5.09 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 34.20 | 34.20 | 34.20 | 34.20 | 34.20 | 33.80 | 33.30 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 162.24 | 187.51 | 107.01 | 124.52 | 145.98 | 182.61 | 212.97 | 148.69 | 223.85 | 255.88 | 200.29 | 150.11 | 148.79 | 185.05 | 169.33 | 93.02 |
| Total Assets | 287.01 | 326.55 | 244.72 | 284.69 | 315.61 | 388.62 | 416.45 | 348.51 | 397.55 | 417.16 | 456.23 | 511.75 | 532.58 | 550.31 | 469.73 | 495.63 |
| Accounts Payable | 4.82 | 3.15 | 2.62 | 3.21 | 3.57 | 2.60 | 3.36 | 3.43 | 5.93 | 3.63 | 3.48 | 5.69 | 4.05 | 9.89 | 11.64 | 13.43 |
| Total Current Liabilities | 15.07 | 13.57 | 22.03 | 14.95 | 14.50 | 19.82 | 19.16 | 16.07 | 20.43 | 19.16 | 27.68 | 26.91 | 21.57 | 21.98 | 19.87 | 21.23 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 10.40 | 10.40 | 10.40 | 10.40 | 10.40 | 10.40 |
| Total Non-current Liabilities* | 39.59 | 48.24 | 46.34 | 59.85 | 60.67 | 173.11 | 175.18 | 154.56 | 157.89 | 150.43 | 151.37 | 154.64 | 153.06 | 141.67 | 26.87 | 26.81 |
| Total Liabilities | 54.66 | 61.81 | 68.37 | 74.79 | 75.17 | 192.93 | 194.34 | 170.62 | 178.32 | 169.59 | 179.05 | 181.55 | 174.63 | 163.64 | 46.74 | 48.03 |
| Retained Earnings | (848.11) | (813.56) | (772.74) | (738.32) | (705.78) | (746.27) | (715.04) | (683.83) | (616.37) | (583.65) | (550.36) | (487.42) | (456.67) | (425.68) | (359.97) | (333.96) |
| Total Stockholder Equity | 232.35 | 264.74 | 176.35 | 209.90 | 240.44 | 195.69 | 222.10 | 177.88 | 219.23 | 247.57 | 277.18 | 330.21 | 357.95 | 386.66 | 422.99 | 447.60 |
* 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 | 0.00 | 0.00 | 109.16 | 4.17 | 0.79 | 0.77 | 0.86 | 0.27 | 0.15 | 0.10 | 1.72 | 0.52 | 2.22 | 1.40 | 1.06 | -- | -- |
| Research & Development | -- | -- | -- | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 21.80 | 19.55 |
| Selling, General & Admin | 5.79 | 6.58 | 0.96 | 6.84 | 7.81 | 8.41 | 7.75 | 8.35 | 8.31 | 8.74 | 8.59 | 8.99 | 8.23 | 8.90 | 8.24 | 8.06 | 8.25 | 7.30 | 6.18 | 6.28 |
| Total Operating Expenses | 36.53 | 23.68 | 20.66 | 36.12 | 34.66 | 34.99 | 41.46 | 35.58 | 35.53 | 32.16 | 44.03 | 35.77 | 35.18 | 33.80 | 33.83 | 33.96 | 32.75 | 38.49 | 27.97 | 25.83 |
| Operating Income | (36.53) | (23.68) | (20.66) | (36.12) | (34.66) | 74.18 | (37.28) | (34.79) | (34.76) | (31.31) | (43.76) | (35.63) | (35.08) | (32.08) | (33.31) | (31.74) | (31.35) | (37.44) | (27.97) | (25.83) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.14 | 0.40 | 0.39 | 0.37 | 0.33 | 0.31 | 0.32 | 0.32 |
| Pretax Income | -- | -- | (19.24) | (34.42) | (32.54) | 76.56 | (34.30) | (31.23) | (31.18) | (28.06) | (40.27) | (32.13) | (32.34) | (30.06) | (31.65) | (30.72) | (30.97) | (37.50) | (28.15) | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | 1.78 | (0.01) | 0.02 | 0.00 | (0.87) | 0.59 | 0.95 | 1.21 | 0.03 | 0.03 | 0.02 | 0.02 | -- | -- |
| Net Income | (34.55) | (21.64) | (19.18) | (34.42) | (32.54) | 76.56 | (36.07) | (31.23) | (31.21) | (28.06) | (39.40) | (32.72) | (33.29) | (31.26) | (31.68) | (30.75) | (30.99) | (37.51) | (28.19) | (26.01) |
| Basic EPS | (0.17) | (0.11) | (0.25) | (0.40) | (0.38) | 0.89 | (0.41) | (0.37) | (0.38) | (0.45) | (0.66) | (0.55) | (0.56) | (0.53) | (0.54) | (0.53) | (0.54) | (0.66) | (0.24) | (0.48) |
| Diluted EPS | (0.17) | (0.11) | (0.25) | (0.40) | (0.38) | 0.89 | (0.43) | (0.37) | (0.38) | -- | (0.63) | (0.55) | (0.56) | (0.53) | (0.54) | (0.53) | (0.54) | (0.66) | (0.24) | (0.48) |
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 | (19.83) | (25.26) | (16.08) | (25.58) | (27.59) | (34.62) | (24.22) | (28.33) | (27.33) | (30.25) | (26.23) | (13.65) | (19.25) | (29.22) | (22.91) | (24.24) | (25.55) | 86.75 | (24.35) | (23.98) |
| Capital Expenditures | 0.69 | 0.58 | (0.14) | 0.20 | 0.32 | 0.48 | -- | -- | 0.27 | 0.54 | 0.98 | 3.27 | 4.50 | 4.99 | 6.27 | 9.81 | 10.46 | 4.07 | 16.72 | 15.74 |
| Free Cash Flow* | (20.53) | (25.85) | (15.94) | (25.78) | (27.91) | (35.10) | -- | -- | (27.60) | (30.79) | (27.21) | (16.91) | (23.75) | (34.21) | (29.17) | (34.05) | (36.01) | 82.69 | (41.07) | (39.72) |
| Investing Cash Flow | 17.77 | (112.61) | 22.36 | 24.67 | 32.54 | 27.93 | 30.61 | 39.20 | (33.86) | 11.54 | 18.60 | 4.22 | 6.97 | 31.34 | (4.27) | 22.66 | 12.52 | (44.04) | (20.60) | (147.05) |
| Financing Cash Flow | 0.31 | 126.62 | 0.05 | 0.00 | 0.00 | 0.12 | (0.60) | 0.27 | 56.70 | 18.20 | (0.36) | 0.30 | (10.12) | 0.45 | 0.10 | 0.14 | 0.05 | 26.88 | 0.11 | (0.47) |
* Derived from reported values
