Financial Statements — KLRS
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 | 43.17 | 34.43 | 42.39 | 88.43 | 100.97 | 116.86 | 104.74 | 86.04 | 95.63 | 196.95 | 115.70 | 123.83 | 71.09 | 100.21 | 243.19 | 225.45 | 168.65 |
| Short-term Investments | 50.37 | 62.79 | 34.61 | -- | -- | 5.00 | 24.87 | 54.49 | 117.69 | 49.58 | 86.87 | 140.27 | 101.58 | 101.17 | 32.65 | 87.89 | 168.35 |
| Total Current Assets | 95.92 | 98.47 | 78.18 | 91.65 | 102.18 | 122.53 | 129.94 | 141.48 | 220.02 | 252.91 | 212.28 | 272.04 | 176.52 | 206.44 | 281.87 | 316.05 | 339.66 |
| Property, Plant & Equipment | -- | -- | -- | -- | -- | -- | -- | -- | 0.67 | 0.76 | 0.84 | 0.94 | 1.00 | 1.08 | 1.11 | 1.22 | 0.87 |
| Total Non-current Assets* | 3.62 | 11.34 | 2.99 | 1.19 | 0.91 | 0.00 | 1.05 | 2.66 | 28.29 | 29.78 | 31.77 | 21.66 | 23.48 | 24.65 | 34.66 | 11.47 | 11.62 |
| Total Assets | 99.54 | 109.81 | 81.18 | 92.84 | 103.09 | 122.53 | 130.99 | 144.14 | 248.31 | 282.69 | 244.04 | 293.70 | 200.00 | 231.09 | 316.53 | 327.51 | 351.28 |
| Accounts Payable | 1.12 | 0.91 | 0.49 | 3.68 | 2.37 | 0.05 | 0.11 | 0.77 | 3.93 | 5.16 | 4.13 | 4.89 | 5.52 | 4.47 | 0.13 | 4.20 | 2.06 |
| Total Current Liabilities | 8.74 | 8.08 | 6.07 | 7.65 | 7.14 | 1.41 | 2.36 | 7.66 | 33.07 | 30.56 | 24.96 | 20.72 | 21.59 | 18.64 | 24.17 | 20.71 | 15.50 |
| Total Non-current Liabilities* | 33.13 | 33.17 | 33.24 | 32.08 | 32.08 | 0.00 | 8.34 | 16.05 | 19.91 | 23.02 | 25.55 | 19.75 | 20.27 | 20.78 | 25.05 | 4.33 | 5.41 |
| Total Liabilities | 41.87 | 41.25 | 39.31 | 39.73 | 39.22 | 1.41 | 10.70 | 23.70 | 52.98 | 53.58 | 50.51 | 40.47 | 41.86 | 39.42 | 49.23 | 25.04 | 20.91 |
| Retained Earnings | (182.37) | (170.85) | (150.00) | (138.11) | (126.76) | (696.69) | (692.57) | (686.49) | (596.50) | (552.22) | (506.96) | (427.64) | (385.57) | (340.93) | (239.12) | (193.61) | (156.03) |
| Total Stockholder Equity | 57.67 | 68.56 | 41.87 | 53.12 | 63.87 | 121.12 | 120.29 | 120.44 | 195.33 | 229.11 | 193.53 | 253.23 | 158.14 | 191.68 | 267.30 | 302.47 | 330.37 |
* 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 | 9.02 | 7.57 | 7.16 | 9.13 | 8.44 | 6.03 | (23.87) | -- | 0.09 | 12.17 | 33.37 | 34.16 | 34.82 | 30.72 | 28.42 | 30.00 | 31.38 | 29.07 | 41.60 | 33.06 |
| Selling, General & Admin | 3.37 | 4.26 | 3.64 | 3.62 | 3.82 | 4.32 | 19.20 | 5.88 | 7.17 | 10.66 | 10.46 | 12.81 | 12.48 | 12.51 | 12.02 | 12.95 | 13.25 | 14.13 | 14.19 | 12.44 |
| Total Operating Expenses | 12.39 | 11.83 | 10.80 | 12.74 | 12.26 | 10.35 | (12.48) | -- | 7.77 | 32.30 | 62.41 | 46.96 | 47.30 | 43.23 | 40.44 | 42.95 | 44.62 | 43.19 | 55.80 | 45.50 |
| Operating Income | (12.39) | (11.83) | (10.80) | (12.74) | (12.26) | (10.35) | (19.65) | (5.72) | (7.77) | (32.30) | (62.40) | (46.96) | (47.30) | (43.23) | (40.43) | (42.95) | (44.62) | (43.19) | (55.80) | (45.50) |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.82 | 0.50 | 1.44 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (59.82) | (44.27) | (45.27) | -- | (38.55) | (42.07) | (44.49) | (43.86) | -- | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | (0.13) | 0.00 | 0.00 | -- | (0.41) | 0.15 | 0.15 | 0.00 | -- | -- |
| Net Income | (11.51) | (10.86) | (10.00) | (11.89) | (11.35) | (10.20) | (18.27) | (4.13) | (6.08) | (30.30) | (59.70) | (44.27) | (45.27) | (41.18) | (38.14) | (42.07) | (44.64) | (43.86) | (57.94) | (45.51) |
| Basic EPS | (0.48) | (0.46) | 0.92 | (0.64) | (0.61) | (2.52) | (11.38) | (0.04) | (0.05) | (0.26) | (0.52) | (0.39) | (0.48) | (0.44) | (0.37) | (0.50) | (0.69) | -- | -- | -- |
| Diluted EPS | (0.48) | (0.46) | 0.92 | (0.64) | (0.61) | (2.52) | (11.38) | (0.04) | (0.05) | (0.26) | (0.52) | (0.39) | (0.48) | (0.44) | (0.37) | (0.50) | (0.69) | -- | -- | -- |
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 | (11.05) | (11.58) | (7.06) | (11.33) | (12.54) | (7.44) | (3.57) | (8.44) | (11.32) | (44.38) | (30.73) | (34.48) | (27.12) | (32.12) | (31.57) | (35.13) | (28.88) | (46.48) | (28.07) | (36.44) |
| Capital Expenditures | -- | -- | 0.02 | 0.18 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.37) | 0.03 |
| Free Cash Flow* | -- | -- | (7.07) | (11.52) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (27.70) | (36.47) |
| Investing Cash Flow | 20.17 | (50.35) | 14.98 | (34.71) | -- | -- | 5.00 | 20.00 | 30.00 | 40.00 | 25.22 | (66.85) | 37.89 | 41.72 | 13.54 | (38.56) | (0.48) | (54.98) | (13.52) | 54.97 |
| Financing Cash Flow | (0.38) | (1.69) | 47.74 | 0.00 | 0.00 | 107.27 | 0.00 | 0.00 | 0.02 | -- | 0.01 | 0.00 | 70.48 | -- | 0.29 | 126.43 | 0.24 | -- | 0.07 | 0.17 |
* Derived from reported values
