Financial Statements — LFWD
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 | 9.45 | 11.42 | 1.96 | 5.14 | 5.73 | 10.65 | 15.13 | 20.74 | 32.59 | 58.18 | 61.88 | 74.03 | 78.83 | 82.63 | 91.23 | 64.24 | 67.41 |
| Accounts Receivable | 7.86 | 5.66 | 6.13 | 5.86 | 5.17 | 5.84 | 5.27 | 3.49 | 3.53 | 0.77 | 0.53 | 0.45 | 0.87 | 0.56 | 1.27 | 0.78 | 0.50 |
| Inventory | 6.15 | 6.25 | 7.11 | 7.62 | 6.80 | 7.30 | 7.19 | 6.06 | 6.04 | 3.04 | 3.03 | 3.33 | 3.10 | 3.23 | 3.07 | 3.35 | 3.49 |
| Total Current Assets | 25.95 | 25.56 | 17.35 | 20.71 | 19.82 | 25.61 | 29.64 | 32.79 | 44.42 | 63.84 | 66.88 | 78.90 | 83.75 | 87.81 | 96.33 | 69.19 | 71.92 |
| Property, Plant & Equipment | 0.53 | 0.57 | 0.64 | 0.73 | 0.78 | 1.22 | 1.26 | 1.21 | 1.05 | 0.13 | 0.16 | 0.24 | 0.28 | 0.31 | 0.30 | 0.36 | 0.39 |
| Goodwill | 4.76 | 4.76 | 4.76 | 4.76 | 7.54 | 7.54 | 7.54 | 7.54 | 7.54 | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | -- | -- | -- | -- | 0.00 | 10.02 | 10.86 | 11.69 | 13.37 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets | 9.05 | 7.86 | 5.82 | 6.07 | 8.99 | 20.16 | 21.34 | 22.43 | 24.80 | 1.97 | 2.10 | 1.88 | 2.05 | 2.19 | 2.39 | 2.51 | 2.64 |
| Total Assets | 35.00 | 33.42 | 23.17 | 26.78 | 28.81 | 45.77 | 50.98 | 55.22 | 69.22 | 65.81 | 68.98 | 80.77 | 85.80 | 90.00 | 98.72 | 71.71 | 74.56 |
| Accounts Payable | 6.14 | 6.38 | 5.25 | 6.11 | 4.47 | 4.99 | 4.85 | 4.28 | 5.66 | 2.85 | 1.78 | 1.91 | 1.55 | 1.47 | 1.95 | 2.08 | 1.98 |
| Total Current Liabilities | 11.16 | 10.64 | 9.05 | 10.36 | 9.07 | 9.66 | 9.97 | 10.09 | 12.81 | 5.44 | 3.88 | 4.22 | 3.80 | 3.62 | 4.38 | 4.20 | 4.02 |
| Total Non-current Liabilities | 11.63 | 16.49 | 1.36 | 1.31 | 1.28 | 2.22 | 4.33 | 4.51 | 4.63 | 1.40 | 1.58 | 0.96 | 1.09 | 1.19 | 1.34 | 1.43 | 1.52 |
| Total Liabilities | 22.78 | 27.13 | 10.41 | 11.67 | 10.35 | 11.88 | 14.30 | 14.60 | 17.44 | 6.84 | 5.46 | 5.18 | 4.89 | 4.81 | 5.73 | 5.63 | 5.54 |
| Retained Earnings | (307.05) | (295.53) | (279.39) | (276.22) | (269.66) | (249.55) | (246.46) | (242.16) | (230.24) | (222.71) | (218.07) | (208.44) | (202.98) | (198.53) | (190.32) | (187.65) | (184.51) |
| Total Stockholder Equity | 12.22 | 6.29 | 12.76 | 15.11 | 18.46 | 33.89 | 36.69 | 40.62 | 51.78 | 58.97 | 63.52 | 75.59 | 80.91 | 85.19 | 92.99 | 66.08 | 69.02 |
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 | 0.27 | 0.44 | 0.20 | 0.30 | 0.40 | 0.50 | 0.10 | 0.61 | 0.50 | 0.49 | 0.14 | 0.09 | 0.08 | 0.13 | 0.07 | 0.08 | 0.08 | 0.12 | 0.06 | 0.08 |
| Cost of Revenue | 3.91 | 2.58 | 3.99 | 3.49 | 3.21 | 2.91 | 5.70 | 3.91 | 3.95 | 3.89 | 4.44 | 3.54 | 0.76 | 0.66 | 1.51 | 0.67 | 0.82 | 0.61 | 0.91 | 0.83 |
| Gross Profit | 2.71 | 1.34 | 1.09 | 2.71 | 2.51 | 2.12 | 1.84 | 2.22 | 2.76 | 1.40 | 2.44 | 0.86 | 0.58 | 0.57 | 0.67 | 0.22 | 0.75 | 0.27 | 0.33 | 1.14 |
| Research & Development | 1.75 | 5.85 | 0.84 | 0.72 | 0.77 | 0.92 | 1.13 | 1.00 | 1.21 | 1.29 | 1.32 | 1.26 | 0.82 | 0.75 | 1.10 | 1.07 | 0.96 | 0.91 | 0.70 | 0.64 |
| Selling, General & Admin | 1.58 | 2.57 | 2.28 | 1.96 | 1.74 | 2.22 | 1.77 | 0.24 | 1.59 | 1.59 | 2.42 | 3.46 | 2.41 | 1.71 | 1.85 | 2.00 | 1.82 | 1.46 | 1.58 | 1.34 |
| Total Operating Expenses | 6.86 | 11.68 | 6.21 | 5.85 | 9.07 | 6.98 | 17.07 | 5.39 | 7.20 | 7.90 | 8.58 | 8.81 | 5.73 | 4.95 | 5.68 | 5.65 | 5.12 | 4.55 | 4.16 | 3.80 |
| Operating Income | (4.15) | (10.34) | (5.12) | (3.14) | (6.56) | (4.85) | (15.23) | (3.17) | (4.44) | (6.50) | (6.14) | (7.94) | (5.16) | (4.37) | (5.00) | (5.43) | (4.38) | (4.29) | (3.83) | (2.66) |
| Interest Expense | 7.07 | 0.42 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (11.51) | (10.79) | (5.42) | (3.16) | (6.56) | (4.82) | (15.27) | (3.05) | (4.30) | (6.27) | (5.72) | (7.53) | (4.60) | (4.30) | (4.94) | (5.43) | (4.42) | (4.31) | (3.80) | (2.69) |
| Tax Provision | 0.01 | 0.01 | (0.07) | 0.01 | 0.00 | 0.01 | 0.00 | 0.03 | 0.01 | 0.01 | (0.08) | 0.00 | 0.04 | 0.02 | 0.38 | 0.03 | 0.03 | 0.04 | 0.05 | (0.01) |
| Net Income | (11.52) | (10.79) | (5.35) | (3.17) | (6.56) | (4.83) | (15.28) | (3.08) | (4.30) | (6.28) | (5.64) | (7.53) | (4.64) | (4.32) | (5.31) | (5.46) | (4.45) | (4.35) | (3.86) | (2.67) |
| Basic EPS | (4.12) | (6.70) | (15.92) | (0.20) | (0.58) | (0.46) | (1.75) | (0.35) | (0.50) | (0.73) | (0.09) | (0.13) | (0.08) | (0.07) | (0.08) | (0.09) | (0.07) | -- | -- | -- |
| Diluted EPS | (4.12) | (6.70) | (15.92) | (0.20) | (0.58) | (0.46) | (1.75) | (0.35) | (0.50) | (0.73) | (0.09) | (0.13) | (0.08) | (0.07) | (0.08) | (0.09) | (0.07) | -- | -- | -- |
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 | (6.00) | (3.67) | (3.55) | (3.84) | (3.94) | (5.49) | (3.97) | (4.46) | (5.62) | (7.67) | (4.48) | (7.44) | (3.51) | (5.23) | (3.91) | (4.60) | (3.67) | (5.71) | (2.57) | (2.56) |
| Capital Expenditures | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | -- | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 | 0.00 | 0.02 | 0.02 |
| Free Cash Flow* | (6.01) | (3.67) | (3.57) | (3.84) | (3.94) | (5.50) | (3.97) | (4.46) | -- | (7.67) | (4.56) | (7.45) | (3.51) | (5.23) | (3.91) | (4.61) | (3.68) | (5.71) | (2.58) | (2.58) |
| Investing Cash Flow | (0.03) | 6.50 | (0.01) | 0.00 | 0.00 | -0.00 | 0.00 | 0.00 | -- | 0.00 | (0.08) | (18.07) | 0.00 | 0.00 | 0.00 | (0.01) | (0.01) | -0.00 | (0.02) | (0.02) |
| Financing Cash Flow | 4.08 | 6.42 | 3.78 | 0.65 | 3.31 | 4.47 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | (0.21) | (0.77) | (2.32) | (0.18) | 0.00 | 0.00 | (0.30) | 29.57 |
* Derived from reported values
