Financial Statements — LAZR
Balance Sheet
(in billions USD)| Metric | 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 | 0.05 | 0.05 | 0.06 | 0.11 | 0.05 | 0.11 | 0.07 | 0.09 | 0.09 | 0.06 | 0.08 | 0.16 | 0.13 | 0.13 | 0.21 |
| Accounts Receivable | 0.01 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory | 0.02 | 0.02 | 0.01 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 |
| Total Current Assets | 0.12 | 0.17 | 0.21 | 0.26 | 0.23 | 0.31 | 0.39 | 0.44 | 0.49 | 0.61 | 0.67 | 0.76 | 0.58 | 0.60 | 0.63 |
| Property, Plant & Equipment | 0.04 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.07 | 0.08 | 0.08 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.00 | 0.00 | -- | -- |
| Total Non-current Assets* | 0.08 | 0.10 | 0.11 | 0.14 | 0.15 | 0.16 | 0.16 | 0.16 | 0.16 | 0.13 | 0.10 | 0.05 | 0.03 | 0.02 | 0.02 |
| Total Assets | 0.20 | 0.27 | 0.32 | 0.40 | 0.38 | 0.47 | 0.55 | 0.60 | 0.66 | 0.74 | 0.78 | 0.81 | 0.61 | 0.63 | 0.65 |
| Accounts Payable | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.06 | 0.07 | 0.07 | 0.09 | 0.07 | 0.09 | 0.09 | 0.09 | 0.10 | 0.06 | 0.06 | 0.05 | 0.03 | 0.02 | 0.02 |
| Long-term Debt | 0.43 | 0.43 | 0.49 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Total Non-current Liabilities* | 0.44 | 0.44 | 0.51 | 0.57 | 0.65 | 0.66 | 0.63 | 0.63 | 0.64 | 0.64 | 0.63 | 0.64 | 0.04 | 0.05 | 0.06 |
| Total Liabilities | 0.51 | 0.51 | 0.58 | 0.66 | 0.72 | 0.75 | 0.72 | 0.73 | 0.74 | 0.70 | 0.69 | 0.68 | 0.07 | 0.08 | 0.08 |
| Retained Earnings | (2.30) | (2.22) | (2.19) | (2.07) | (2.10) | (1.97) | (1.69) | (1.56) | (1.42) | (1.12) | (1.01) | (0.91) | (0.75) | (0.70) | (0.66) |
| Total Stockholder Equity | (0.30) | (0.27) | (0.26) | (0.26) | (0.34) | (0.28) | (0.17) | (0.13) | (0.08) | 0.04 | 0.09 | 0.12 | 0.54 | 0.55 | 0.57 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | 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 | Q1
2021 |
|---|
| Total Revenue | 12.75 | 18.75 | 15.63 | 18.89 | 22.48 | 15.49 | 16.45 | 20.97 | 22.11 | 16.96 | 16.20 | 14.51 | 11.13 | 12.79 | 9.93 | 6.86 | 12.34 | 7.98 | 6.31 | 5.31 |
| Cost of Revenue | 62.36 | 26.83 | 28.06 | 26.99 | 10.01 | 29.53 | 30.13 | 31.42 | 43.69 | 35.12 | 34.53 | 29.13 | 27.73 | 28.51 | 28.09 | 16.65 | 19.84 | 10.76 | 7.85 | 7.64 |
| Gross Profit | (49.61) | (8.08) | (12.43) | (8.10) | 12.48 | (14.03) | (13.68) | (10.45) | (21.57) | (18.16) | (18.33) | (14.62) | (16.60) | (15.73) | (18.16) | (9.80) | (7.49) | (2.78) | (1.54) | (2.33) |
| Research & Development | 24.71 | 35.27 | 39.33 | 38.29 | 47.48 | 50.59 | 65.85 | 67.75 | 62.75 | 62.94 | 67.48 | 69.05 | 64.93 | 46.31 | 40.94 | 33.11 | 29.05 | 25.89 | 19.91 | 14.01 |
| Selling, General & Admin | 9.70 | 14.11 | (18.75) | 20.92 | 22.73 | 30.21 | 29.79 | 33.05 | 37.47 | 35.44 | 42.42 | 44.49 | 47.18 | 42.81 | 38.15 | 30.03 | 28.57 | 35.60 | 19.24 | 10.27 |
| Total Operating Expenses | 60.78 | 66.58 | 27.05 | 64.17 | 78.17 | 101.83 | 114.04 | 115.31 | 127.02 | 110.77 | 125.56 | 127.27 | 124.08 | 99.23 | 86.28 | 72.53 | 63.47 | 67.36 | 42.66 | 26.92 |
| Operating Income | (110.39) | (74.66) | (39.48) | (72.27) | (65.69) | (115.86) | (127.72) | (125.77) | (148.59) | (128.93) | (143.89) | (141.90) | (140.68) | (114.95) | (104.44) | (82.33) | (70.96) | (70.14) | (44.20) | (29.24) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 2.76 | 5.33 | 2.78 | 1.27 | 1.67 | 2.01 | 2.66 | 3.15 | 3.28 | 1.17 | 0.37 | 0.29 | 0.20 |
| Pretax Income | (176.80) | (85.87) | (22.75) | (80.54) | (45.14) | 27.56 | (131.17) | (125.13) | (147.01) | (134.04) | (141.75) | (146.77) | (144.71) | (117.37) | (95.25) | (87.93) | (73.89) | (52.60) | -- | -- |
| Tax Provision | 0.07 | (0.02) | 0.15 | 0.15 | (0.92) | 0.16 | (0.57) | 0.59 | 1.39 | 0.30 | 0.01 | 0.00 | 0.11 | 0.18 | (0.01) | 0.40 | 0.00 | (1.26) | -- | -- |
| Net Income | (176.87) | (85.84) | (22.90) | (80.69) | (44.22) | 27.40 | (130.61) | (125.71) | (148.40) | (134.34) | (141.76) | (146.77) | (144.82) | (117.55) | (95.24) | (88.33) | (73.89) | (51.34) | (36.83) | (75.92) |
| Basic EPS | (2.50) | (1.29) | (0.62) | (1.92) | (8.17) | 0.06 | (0.29) | (0.30) | (0.36) | (0.34) | (0.37) | (0.40) | (0.40) | (0.33) | (0.27) | (0.25) | (0.21) | (0.15) | (0.11) | -- |
| Diluted EPS | (2.50) | (1.29) | (0.62) | (1.92) | (7.87) | (0.24) | (0.29) | (0.30) | (0.36) | (0.34) | (0.37) | (0.40) | (0.40) | (0.33) | (0.27) | (0.25) | (0.21) | (0.15) | (0.11) | -- |
Cash Flow Statement
(in millions USD)| Metric | 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 | Q1
2021 |
|---|
| Operating Cash Flow | (50.52) | (47.98) | (53.72) | (44.23) | (61.94) | (55.76) | (77.71) | (81.23) | (52.78) | (56.54) | (73.31) | (64.67) | (74.67) | (48.36) | (52.36) | (32.84) | (54.16) | (36.07) | (30.17) | (28.01) |
| Capital Expenditures | 1.25 | 0.54 | 0.11 | 0.12 | 0.85 | 2.66 | 0.30 | 1.28 | 0.79 | 4.30 | 5.15 | 11.68 | 4.34 | 3.79 | 2.49 | 5.00 | 2.28 | 1.45 | 1.82 | 0.89 |
| Free Cash Flow* | (51.78) | (48.52) | (53.84) | (44.34) | (62.78) | (58.41) | (78.01) | (82.51) | (53.56) | (60.84) | (78.46) | (76.35) | (79.01) | (52.15) | (54.85) | (37.84) | (56.44) | (37.52) | (31.99) | (28.90) |
| Investing Cash Flow | 15.13 | 40.27 | 20.97 | 20.45 | (15.64) | 22.59 | 1.09 | 34.43 | 97.12 | 23.14 | 53.77 | 62.60 | 87.07 | 27.92 | 7.40 | (94.39) | (50.61) | 28.87 | (44.09) | (128.35) |
| Financing Cash Flow | (0.02) | 13.90 | 22.44 | 0.28 | 46.15 | 95.22 | 19.42 | 17.48 | 18.09 | 20.10 | 18.88 | 23.13 | 1.41 | 0.05 | (37.47) | (43.34) | 305.43 | 1.84 | 2.22 | 154.10 |
* Derived from reported values
