Financial Statements — KALA
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 | 0.23 | 1.76 | 21.10 | 31.94 | 42.22 | 49.20 | 54.20 | 48.48 | 56.06 | 49.26 | 63.64 | 52.39 | 42.57 | 65.17 | 124.50 | 144.64 | 127.97 |
| Short-term Investments | 7.00 | 7.00 | -- | -- | -- | -- | -- | -- | -- | 9.92 | -- | -- | 2.00 | 4.99 | -- | 5.00 | 28.02 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.19 | 13.82 | 13.02 | 12.63 | 11.86 | 12.21 |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.03 | 10.53 | 7.71 | 8.05 | 8.24 |
| Total Current Assets | 10.58 | 12.32 | 24.27 | 33.66 | 45.72 | 51.28 | 58.85 | 50.09 | 57.90 | 65.54 | 71.34 | 84.67 | 83.52 | 98.26 | 149.09 | 171.72 | 179.07 |
| Property, Plant & Equipment | -- | -- | 0.60 | 0.66 | 0.70 | 0.76 | 0.62 | 0.71 | 0.80 | 0.64 | 0.50 | 0.52 | 0.89 | 2.70 | 3.14 | 3.42 | 3.04 |
| Total Non-current Assets* | 0.00 | 0.00 | 0.75 | 2.39 | 2.54 | 2.80 | 2.75 | 2.95 | 3.22 | 0.97 | 0.88 | 1.03 | 1.46 | 13.32 | 44.73 | 43.74 | 50.76 |
| Total Assets | 10.58 | 12.32 | 25.02 | 36.05 | 48.25 | 54.08 | 61.61 | 53.03 | 61.12 | 66.50 | 72.23 | 85.70 | 84.98 | 111.57 | 193.81 | 215.46 | 229.83 |
| Accounts Payable | 1.14 | 1.04 | 0.92 | 0.66 | 0.93 | 0.71 | 0.67 | 0.73 | 0.79 | 0.76 | 1.00 | 7.35 | 10.54 | 6.22 | 5.85 | 2.84 | 2.86 |
| Total Current Liabilities | 1.54 | 1.56 | 32.57 | 16.02 | 22.98 | 23.87 | 19.19 | 11.88 | 10.30 | 9.85 | 10.27 | 40.24 | 32.89 | 32.76 | 27.20 | 26.08 | 19.99 |
| Long-term Debt | -- | -- | 26.95 | 26.95 | 29.28 | 33.96 | 33.96 | 33.96 | 33.96 | 33.96 | 33.96 | 42.64 | 79.80 | 79.36 | 78.49 | 78.06 | 72.52 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 1.11 | 23.24 | 19.57 | 23.35 | 28.70 | 34.49 | 39.60 | 39.16 | 38.50 | 46.43 | 83.64 | 84.10 | 105.15 | 105.12 | 100.05 |
| Total Liabilities | 1.54 | 1.56 | 33.69 | 39.26 | 42.54 | 47.22 | 47.89 | 46.37 | 49.90 | 49.01 | 48.77 | 86.67 | 116.53 | 116.86 | 132.35 | 131.19 | 120.04 |
| Retained Earnings | (698.10) | (696.52) | (695.59) | (688.02) | (676.87) | (659.74) | (650.79) | (641.22) | (620.78) | (612.08) | (601.66) | (574.37) | (603.44) | (575.33) | (494.82) | (466.69) | (430.19) |
| Total Stockholder Equity | 9.04 | 10.76 | (8.66) | (3.21) | 5.71 | 6.86 | 13.72 | 6.66 | 11.22 | 17.49 | 23.46 | (0.97) | (31.55) | (5.28) | 61.47 | 84.27 | 109.79 |
* 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 | 0.42 | 2.10 | 1.37 | 1.86 | 3.07 |
| Research & Development | 0.06 | 0.06 | -- | 6.13 | 6.23 | 6.06 | -- | 5.17 | 5.32 | 6.35 | -- | 5.55 | 4.28 | 4.04 | -- | 5.39 | 4.47 | 4.47 | -- | 2.88 |
| Selling, General & Admin | 1.66 | 1.74 | 9.86 | 4.53 | 4.64 | 4.59 | 4.20 | 4.40 | 4.32 | 5.42 | 4.62 | 4.95 | 4.96 | 6.03 | 5.83 | 9.55 | 22.67 | 26.98 | 24.03 | 25.35 |
| Total Operating Expenses | 1.72 | 1.80 | 10.23 | 7.24 | 11.03 | 10.67 | 9.46 | 9.99 | 9.61 | 11.93 | 9.62 | 8.76 | 9.60 | 11.68 | 10.25 | 14.99 | 28.07 | 32.29 | 48.67 | 29.14 |
| Operating Income | (1.72) | (1.80) | (10.22) | (7.24) | (11.03) | (10.67) | (9.46) | (9.99) | (9.60) | (11.93) | (9.62) | (8.76) | (9.60) | (11.68) | (10.25) | (14.57) | (25.97) | (30.91) | (46.81) | (26.07) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.46 | 1.47 | 1.46 | 1.41 | 1.47 | 1.58 | 1.45 | 2.21 | 2.04 | 2.08 | 2.07 |
| Net Income | (1.58) | (1.62) | 0.69 | (7.56) | (11.15) | (8.95) | (8.18) | (8.95) | (9.58) | (11.81) | (8.63) | (8.70) | (10.41) | (14.45) | (12.84) | 29.07 | (28.11) | (32.94) | (47.57) | (28.13) |
| Basic EPS | (21.32) | (0.14) | 0.88 | (1.07) | (1.71) | (1.41) | (0.86) | (1.93) | (3.16) | (4.20) | (2.59) | (3.41) | (4.36) | (6.99) | (48.04) | 19.39 | (0.38) | (0.45) | 1,014.00 | -- |
| Diluted EPS | (21.32) | (0.14) | 0.88 | (1.07) | (1.71) | (1.41) | (1.47) | (1.93) | (3.16) | -- | (2.59) | (3.41) | (4.36) | (6.99) | (47.90) | 19.25 | (0.38) | (0.45) | 1,014.00 | -- |
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 | (1.53) | (2.89) | (4.56) | (10.88) | (16.56) | (8.82) | (4.60) | (4.72) | (9.21) | (10.84) | (7.70) | (2.95) | (7.59) | (9.68) | (13.73) | (15.66) | (25.42) | (24.09) | (27.90) | (26.08) |
| Investing Cash Flow | 0.00 | (7.00) | 0.00 | 0.00 | (0.02) | -- | (0.07) | (0.09) | (0.04) | (0.01) | (0.01) | 9.72 | (10.03) | (0.11) | 0.05 | 64.91 | 2.83 | (5.07) | (4.62) | 4.72 |
| Financing Cash Flow | 0.00 | 4.10 | (8.98) | 0.03 | (2.53) | (0.13) | 6.65 | (0.18) | 14.97 | 8.44 | 2.54 | 0.04 | 3.07 | 2.86 | 31.79 | (39.87) | (0.01) | 0.15 | 0.16 | 1.23 |
