Financial Statements — KALV
Balance Sheet
(in millions USD)| Metric | 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 | 213.77 | 243.50 | 41.58 | 31.85 | 23.06 | 57.67 | 49.41 | 85.05 | 38.59 | 37.86 | 45.58 | 46.49 | 48.34 | 17.73 | 16.17 | 18.01 |
| Accounts Receivable | 9.90 | 5.78 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 4.00 | 0.46 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 314.21 | 325.23 | 152.27 | 191.63 | 104.10 | 128.61 | 149.84 | 192.13 | 151.22 | 170.41 | 214.46 | 234.48 | 249.78 | 62.50 | 72.08 | 80.22 |
| Property, Plant & Equipment | 2.84 | 3.19 | 2.04 | 2.10 | 2.42 | 2.50 | 2.81 | 3.04 | 3.06 | 3.03 | 2.22 | 2.18 | 1.94 | 1.87 | 1.89 | 2.02 |
| Total Non-current Assets* | 14.71 | 14.71 | 8.56 | 8.56 | 9.87 | 10.14 | 10.49 | 11.34 | 11.62 | 11.91 | 10.59 | 9.33 | 9.35 | 3.70 | 3.37 | 3.68 |
| Total Assets | 328.92 | 339.93 | 160.83 | 200.20 | 113.97 | 138.74 | 160.33 | 203.47 | 162.84 | 182.32 | 225.05 | 243.81 | 259.13 | 66.21 | 75.45 | 83.90 |
| Accounts Payable | 8.05 | 8.07 | 5.20 | 10.79 | 3.10 | 4.90 | 5.06 | 1.70 | 3.38 | 2.91 | 2.19 | 3.16 | 1.45 | 0.64 | 2.17 | 1.77 |
| Total Current Liabilities | 60.82 | 45.07 | 22.16 | 22.41 | 19.13 | 17.75 | 14.13 | 11.61 | 11.32 | 9.73 | 9.65 | 10.11 | 8.23 | 6.52 | 9.54 | 8.46 |
| Long-term Debt | 172.21 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities | 136.34 | 105.25 | 4.68 | 4.99 | 6.26 | 6.55 | 6.87 | 7.42 | 7.71 | 8.01 | 7.47 | 6.22 | 6.47 | 1.12 | 0.93 | 1.01 |
| Total Liabilities* | 348.57 | 322.93 | 26.84 | 27.40 | 25.39 | 24.30 | 21.00 | 19.03 | 19.02 | 17.75 | 17.12 | 16.34 | 14.70 | 7.64 | 10.47 | 9.47 |
| Retained Earnings | (786.18) | (739.10) | (552.44) | (510.17) | (425.08) | (396.05) | (368.40) | (316.78) | (295.47) | (273.22) | (226.06) | (203.59) | (183.94) | (152.88) | (142.83) | (132.41) |
| Total Stockholder Equity | (19.65) | 17.00 | 133.99 | 172.80 | 88.58 | 114.45 | 139.34 | 184.44 | 143.81 | 164.57 | 207.94 | 227.47 | 244.43 | 58.57 | 64.98 | 74.44 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | 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 | Q2
2021 |
|---|
| Total Revenue | 40.86 | -- | 13.69 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 3.09 | -- | 1.23 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | 37.77 | -- | 12.47 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 12.42 | 15.89 | 11.99 | 16.61 | 26.61 | 25.25 | 22.52 | 19.09 | 19.31 | 23.95 | 20.06 | 18.08 | 18.19 | 19.21 | 19.74 | 17.55 | 13.67 | 11.88 | 9.10 | 9.15 |
| Selling, General & Admin | 48.80 | 39.14 | 30.35 | 29.20 | 17.60 | 23.21 | 10.63 | 10.66 | 9.79 | 7.78 | 6.88 | 7.81 | 8.13 | 7.60 | 6.95 | 6.06 | 5.85 | 6.17 | 3.56 | 3.63 |
| Total Operating Expenses | 64.31 | 55.03 | 59.74 | 45.81 | 44.22 | 48.46 | 33.15 | 29.75 | 29.09 | 31.73 | 26.95 | 25.88 | 26.32 | 26.81 | 26.68 | 23.60 | 19.52 | 18.04 | 12.66 | 12.78 |
| Operating Income | (23.44) | (55.03) | (46.05) | (45.81) | (44.21) | (48.45) | (33.15) | (29.75) | (29.09) | (31.73) | (26.94) | (25.88) | (26.32) | (26.81) | (26.68) | (23.60) | (19.52) | (18.04) | (12.66) | (12.78) |
| Pretax Income | (23.49) | (53.08) | (47.32) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.00 | (0.85) | 2.16 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (23.49) | (48.90) | (49.48) | (42.27) | (40.44) | (44.65) | (29.03) | (27.65) | (25.32) | (26.30) | (21.30) | (22.26) | (23.04) | (24.11) | (22.47) | (19.65) | (16.11) | (14.96) | (10.05) | (10.43) |
| Basic EPS | (0.43) | (0.99) | (0.92) | (0.91) | (0.87) | (1.06) | (0.84) | (0.80) | (0.74) | (0.74) | (0.75) | (0.90) | (0.94) | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (0.43) | (0.99) | (0.92) | (0.91) | (0.87) | (1.06) | (0.84) | (0.80) | (0.74) | (0.74) | (0.75) | (0.90) | (0.94) | -- | -- | -- | -- | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | 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 | Q2
2021 |
|---|
| Operating Cash Flow | (14.45) | (40.36) | (126.98) | (39.64) | (40.22) | (15.10) | (27.57) | (19.82) | (26.73) | (22.64) | (9.29) | (20.59) | (22.74) | (26.79) | (14.06) | (19.55) | (17.73) | (11.04) | (7.59) | (7.95) |
| Capital Expenditures | 0.12 | 0.28 | 1.86 | 0.11 | 0.02 | 0.02 | 0.02 | 0.00 | 0.01 | 0.07 | 0.02 | 0.19 | 0.92 | 0.09 | 0.20 | 0.36 | 0.29 | 0.03 | 0.01 | 0.01 |
| Free Cash Flow* | (14.58) | (40.65) | (128.85) | (39.75) | (40.24) | (15.12) | (27.59) | (19.83) | (26.74) | (22.70) | (9.30) | (20.79) | (23.66) | (26.87) | (14.27) | (19.90) | (18.02) | (11.08) | (7.60) | (7.96) |
| Investing Cash Flow | (0.90) | (3.33) | (65.96) | 48.67 | 37.16 | (126.19) | (6.70) | 28.56 | 19.61 | (6.21) | (2.52) | 20.10 | 30.04 | 12.43 | 12.90 | 17.64 | 14.88 | (166.48) | 6.95 | 6.37 |
| Financing Cash Flow | 1.47 | 4.66 | 164.39 | 0.30 | 3.00 | 150.10 | 0.28 | 0.13 | 0.20 | (0.03) | 57.81 | 0.17 | 0.17 | 0.14 | 0.77 | 0.06 | 0.61 | 210.31 | 1.70 | 0.06 |
* Derived from reported values
