Financial Statements — IVVD
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.16 | 0.18 | 0.08 | 0.03 | 0.05 | 0.11 | 0.15 | 0.19 | 0.18 | 0.12 | 0.13 | 0.28 | 0.47 | 0.53 | 0.48 | 0.39 |
| Accounts Receivable | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | -- | -- | 0.03 | 0.03 | 0.03 | 0.03 | 0.01 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.18 | 0.20 | 0.11 | 0.06 | 0.08 | 0.15 | 0.17 | 0.21 | 0.27 | 0.31 | 0.34 | 0.42 | 0.48 | 0.55 | 0.68 | 0.40 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Total Non-current Assets* | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Total Assets | 0.22 | 0.24 | 0.14 | 0.09 | 0.10 | 0.16 | 0.18 | 0.22 | 0.27 | 0.32 | 0.35 | 0.42 | 0.48 | 0.56 | 0.69 | 0.40 |
| Accounts Payable | 0.01 | 0.00 | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.00 | 0.01 | 0.00 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.01 |
| Total Current Liabilities | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 | 0.08 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.05 | 0.07 | 0.10 | 0.05 | 0.04 |
| Total Non-current Liabilities* | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.08 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.05 | 0.07 | 0.10 | 0.05 | 0.04 |
| Retained Earnings | (1.04) | (1.00) | (0.94) | (0.93) | (0.92) | (0.88) | (0.82) | (0.78) | (0.66) | (0.62) | (0.57) | (0.49) | (0.44) | (0.39) | (0.21) | (0.15) |
| Total Stockholder Equity | 0.18 | 0.20 | 0.09 | 0.04 | 0.05 | 0.08 | 0.14 | 0.18 | 0.25 | 0.28 | 0.33 | 0.38 | 0.41 | 0.46 | 0.63 | (0.14) |
* 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 | 14.29 | 13.74 | 17.21 | 13.13 | 11.79 | 11.30 | 13.82 | 9.30 | 2.26 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 29.37 | 30.73 | 10.05 | 8.05 | 9.57 | 10.64 | 17.91 | 57.85 | 30.33 | 31.16 | 62.27 | 25.57 | 43.62 | 27.20 | 19.92 | 30.13 | 37.13 | 92.04 | 68.43 | 45.37 |
| Selling, General & Admin | 29.47 | 25.12 | 18.57 | 15.02 | 16.59 | 16.75 | 14.42 | 12.96 | 21.09 | 14.93 | 15.09 | 12.89 | 10.11 | 11.05 | 10.52 | 13.20 | 14.62 | 8.70 | 14.66 | 11.05 |
| Total Operating Expenses | 60.11 | 56.88 | -- | -- | -- | -- | -- | -- | -- | 46.09 | 76.75 | 43.06 | 53.88 | 39.07 | 48.21 | 47.33 | 51.75 | 100.74 | 83.09 | 60.42 |
| Operating Income | (45.82) | (43.14) | (12.55) | (11.02) | (15.06) | (16.92) | (19.23) | (62.31) | (49.25) | (46.09) | (76.75) | (43.06) | (53.87) | (39.07) | (48.21) | (47.33) | (51.75) | (100.74) | (83.09) | (60.42) |
| Pretax Income* | (44.39) | (41.40) | (11.07) | (10.47) | (14.66) | (16.29) | (18.44) | (60.74) | (47.25) | (43.50) | (73.65) | (39.44) | (50.23) | (35.32) | (44.57) | (45.09) | (50.99) | (100.67) | (83.04) | (60.37) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (44.39) | (41.40) | (11.07) | (10.47) | (14.66) | (16.29) | (18.44) | (60.74) | (47.25) | (43.50) | (73.65) | (39.44) | (50.23) | (35.32) | (44.57) | (45.09) | (50.99) | (100.67) | (83.04) | (60.37) |
| Basic EPS | (0.14) | (0.13) | 0.02 | (0.06) | (0.12) | (0.14) | (0.14) | (0.51) | (0.40) | (0.38) | (0.67) | (0.36) | (0.46) | (0.32) | (0.41) | (0.42) | (0.47) | -- | -- | -- |
| Diluted EPS | (0.14) | (0.13) | 0.02 | (0.06) | (0.12) | (0.14) | (0.14) | (0.51) | (0.40) | (0.38) | (0.67) | (0.36) | (0.46) | (0.32) | (0.41) | (0.42) | (0.47) | -- | -- | -- |
* 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 | (43.00) | (41.71) | (15.45) | (8.25) | (13.30) | (21.13) | (37.61) | (41.07) | (41.60) | (50.21) | (59.24) | (35.35) | (37.39) | (41.18) | (47.40) | (56.14) | (57.39) | (59.05) | (73.21) | (54.21) |
| Capital Expenditures | 0.51 | 0.73 | 0.00 | 0.00 | 0.01 | 0.14 | -0.00 | 0.01 | 0.00 | 0.14 | 0.00 | 0.00 | (0.01) | 0.62 | 1.21 | 0.48 | 0.02 | -- | -- | -- |
| Free Cash Flow* | (43.51) | (42.44) | (15.45) | (8.25) | (13.31) | (21.27) | (37.60) | (41.07) | (41.60) | (50.35) | (59.24) | (35.35) | (37.38) | (41.80) | (48.61) | (56.62) | (57.41) | -- | -- | -- |
| Investing Cash Flow | (0.51) | (0.73) | 0.00 | 0.00 | (0.01) | (0.14) | 0.01 | -0.00 | 0.00 | (0.14) | 77.92 | 95.14 | 32.60 | 75.04 | (138.81) | (140.84) | (0.02) | 49.00 | 137.92 | (188.63) |
| Financing Cash Flow | 19.44 | (0.10) | 157.18 | 58.31 | 0.13 | 0.01 | 0.08 | 0.06 | 0.09 | 39.10 | 0.14 | 0.09 | 0.27 | 0.54 | 0.14 | 0.25 | 0.07 | 0.05 | (0.75) | 328.60 |
* Derived from reported values