Financial Statements — IRON
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 | 98.68 | 88.91 | 140.66 | 127.34 | 122.68 | 192.64 | 280.66 | 342.62 | 370.54 | 377.60 | 236.42 | 101.74 | 108.66 | 119.06 | 150.07 | 167.48 | 184.99 |
| Short-term Investments | 619.07 | 641.25 | 475.26 | 522.64 | 571.99 | 294.73 | 220.28 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 732.76 | 747.46 | 627.17 | 661.59 | 705.60 | 493.15 | 508.24 | 351.95 | 374.26 | 381.73 | 242.14 | 104.66 | 113.13 | 124.07 | 154.80 | 171.31 | 188.61 |
| Property, Plant & Equipment | 0.98 | 1.07 | 1.23 | 1.29 | 1.37 | 0.08 | 0.10 | 0.21 | 0.18 | 0.16 | 0.18 | -- | -- | -- | 0.18 | 0.23 | 0.23 |
| Total Non-current Assets* | 2.31 | 2.76 | 3.29 | 3.47 | 3.67 | 1.99 | 1.98 | 2.23 | 2.23 | 2.44 | 1.64 | 1.37 | 0.20 | 0.22 | 0.74 | 1.11 | 0.78 |
| Total Assets | 735.07 | 750.21 | 630.46 | 665.06 | 709.27 | 495.15 | 510.22 | 354.18 | 376.50 | 384.17 | 243.78 | 106.03 | 113.33 | 124.29 | 155.54 | 172.42 | 189.38 |
| Accounts Payable | 6.84 | 11.76 | 7.27 | 6.35 | 6.70 | 3.55 | 4.75 | 5.27 | 8.50 | 5.21 | 5.64 | 1.14 | 1.62 | 5.11 | 0.94 | 1.49 | 3.56 |
| Total Current Liabilities | 30.36 | 31.14 | 26.74 | 20.61 | 18.74 | 25.47 | 20.31 | 14.85 | 14.42 | 9.68 | 9.98 | 1.46 | 6.44 | 12.67 | 12.66 | 11.51 | 13.78 |
| Long-term Debt | 59.34 | 29.37 | 28.95 | 28.74 | 28.53 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 14.00 |
| Total Non-current Liabilities* | 60.55 | 30.64 | 30.32 | 30.29 | 30.16 | 1.71 | 1.08 | 1.26 | 3.11 | 3.27 | 0.95 | 0.00 | 0.00 | 0.00 | 2.01 | 3.24 | 4.45 |
| Total Liabilities | 90.91 | 61.78 | 57.07 | 50.90 | 48.90 | 27.19 | 21.39 | 16.11 | 17.52 | 12.96 | 10.93 | 1.46 | 6.44 | 12.67 | 14.67 | 14.74 | 18.22 |
| Retained Earnings | (633.22) | (573.69) | (449.65) | (387.33) | (332.09) | (268.54) | (241.95) | (215.59) | (165.07) | (150.94) | (135.00) | (210.29) | (207.01) | (199.92) | (166.87) | (148.32) | (131.87) |
| Total Stockholder Equity | 644.16 | 688.43 | 573.39 | 614.17 | 660.36 | 467.96 | 488.83 | 338.07 | 358.97 | 371.22 | 232.86 | 104.57 | 106.90 | 111.61 | 140.86 | 157.68 | 171.16 |
* 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 |
|---|
| Research & Development | 46.93 | 45.90 | 46.22 | 50.33 | 46.32 | 27.76 | 24.80 | 24.69 | 23.49 | 23.70 | 22.57 | 14.42 | 12.10 | 20.18 | 20.62 | 0.44 | 2.58 | 9.80 | 12.63 | 13.46 |
| Selling, General & Admin | 18.14 | 23.62 | 20.75 | 17.36 | 15.09 | 12.18 | 9.75 | 8.17 | 7.37 | 7.76 | 7.15 | 4.54 | 5.23 | 4.95 | 0.71 | 3.30 | 4.65 | 5.37 | 5.11 | 5.00 |
| Total Operating Expenses | 65.08 | 69.52 | 66.97 | 67.70 | 61.41 | 39.95 | 34.55 | 32.86 | 30.85 | 31.46 | 29.71 | 18.96 | 17.33 | 25.13 | 21.33 | 3.74 | 7.23 | 15.18 | 17.74 | 18.45 |
| Operating Income | (65.07) | (69.52) | (66.97) | (67.70) | (61.41) | (39.95) | (34.55) | (32.86) | (30.85) | (31.46) | (29.71) | (18.96) | (17.33) | (25.12) | (21.33) | (3.74) | (7.23) | (15.18) | (17.74) | (18.45) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 | 0.05 | 0.07 | 0.09 | 0.10 |
| Pretax Income | (59.46) | (63.45) | (60.44) | (62.22) | (55.19) | (33.97) | (29.28) | (26.48) | (26.29) | (26.94) | (23.55) | (14.10) | (15.92) | (22.76) | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.07 | 0.05 | 0.09 | 0.10 | 0.05 | 0.12 | 0.18 | 0.11 | 0.06 | 0.01 | 0.03 | 0.02 | 0.02 | 0.02 | -- | -- | -- | -- | -- | -- |
| Net Income | (59.53) | (63.50) | (60.53) | (62.32) | (55.25) | (34.08) | (29.46) | (26.60) | (26.35) | (26.95) | (23.58) | (14.12) | (15.95) | (22.78) | (21.23) | (3.28) | (7.09) | (15.23) | (17.82) | (18.55) |
| Basic EPS | (1.54) | (1.65) | (1.64) | (1.77) | (1.58) | (1.02) | (0.95) | (0.89) | (1.03) | (1.09) | (0.90) | (0.58) | (0.74) | (1.20) | (44.46) | (0.08) | (0.16) | -- | -- | -- |
| Diluted EPS | (1.54) | (1.65) | (1.64) | (1.77) | (1.58) | (1.02) | (0.95) | (0.89) | (1.03) | (1.09) | (0.90) | (0.58) | (0.74) | (1.20) | (44.46) | (0.08) | (0.16) | -- | -- | -- |
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 | (44.20) | (62.24) | (43.30) | (47.80) | (47.92) | (41.38) | (27.57) | (17.36) | (15.39) | (33.60) | (17.80) | (7.48) | (12.72) | (35.47) | (12.40) | (4.01) | (9.50) | (16.34) | (12.67) | (16.10) |
| Capital Expenditures | 0.00 | 0.00 | 0.02 | 0.03 | 0.04 | 0.85 | 0.45 | (0.01) | -0.00 | 0.07 | 0.00 | 0.05 | 0.02 | 0.03 | 0.15 | 0.00 | -- | -- | 0.01 | 0.06 |
| Free Cash Flow* | (44.20) | (62.24) | (43.32) | (47.82) | (47.95) | (42.23) | (28.02) | (17.35) | (15.39) | (33.67) | (17.80) | (7.52) | (12.74) | (35.49) | (12.56) | (4.01) | -- | -- | (12.68) | (16.16) |
| Investing Cash Flow | 21.63 | 58.31 | (222.89) | 49.54 | 51.69 | (272.63) | (1.43) | (71.09) | (219.75) | (0.07) | -0.00 | (0.04) | (0.01) | (0.03) | (0.15) | 0.00 | -- | -- | 0.41 | (0.06) |
| Financing Cash Flow | 32.34 | 1.70 | 216.68 | 11.59 | 0.89 | 244.25 | 28.80 | 0.43 | 173.19 | 15.90 | 7.76 | 0.46 | 153.85 | 77.31 | 154.34 | (2.91) | (1.23) | (1.23) | (1.18) | (1.25) |
* Derived from reported values
