Financial Statements — LIF
Balance Sheet
(in billions 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 |
|---|
| Cash & Equivalents | 0.27 | 0.35 | 0.46 | 0.43 | 0.17 | 0.16 | 0.16 | 0.07 | 0.06 | 0.06 | 0.06 | 0.04 | 0.06 |
| Accounts Receivable | 0.10 | 0.09 | 0.07 | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 |
| Inventory | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
| Total Current Assets | 0.60 | 0.59 | 0.56 | 0.52 | 0.25 | 0.24 | 0.22 | 0.13 | 0.12 | 0.12 | 0.13 | 0.10 | 0.11 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.17 | 0.17 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Intangible Assets | 0.08 | 0.08 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 |
| Total Non-current Assets* | 0.45 | 0.45 | 0.23 | 0.23 | 0.21 | 0.19 | 0.19 | 0.19 | 0.19 | 0.19 | 0.20 | 0.21 | 0.22 |
| Total Assets | 1.05 | 1.04 | 0.79 | 0.75 | 0.46 | 0.43 | 0.41 | 0.32 | 0.32 | 0.31 | 0.32 | 0.31 | 0.32 |
| Accounts Payable | 0.02 | 0.02 | 0.01 | 0.00 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.11 | 0.11 | 0.08 | 0.07 | 0.07 | 0.09 | 0.08 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.00 | 0.01 | 0.01 | -- | -- |
| Total Non-current Liabilities* | 0.33 | 0.33 | 0.31 | 0.31 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Liabilities | 0.44 | 0.44 | 0.40 | 0.39 | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 | 0.07 | 0.09 | 0.09 | 0.09 |
| Retained Earnings | (0.13) | (0.14) | (0.27) | (0.28) | (0.29) | (0.30) | (0.31) | (0.29) | (0.28) | (0.28) | (0.27) | (0.24) | (0.22) |
| Total Stockholder Equity | 0.61 | 0.60 | 0.39 | 0.37 | 0.38 | 0.34 | 0.33 | 0.24 | 0.24 | 0.24 | 0.23 | 0.22 | 0.23 |
* 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 |
|---|
| Total Revenue | 158.96 | 143.12 | 145.98 | 124.50 | 115.38 | 103.62 | 115.53 | 92.87 | 84.86 | 78.23 | 86.96 | 78.62 | 70.79 | 68.14 | 71.34 | 57.15 | 48.84 |
| Cost of Revenue | 32.06 | 32.56 | 36.32 | 27.36 | 24.88 | 20.08 | 30.02 | 22.85 | 21.24 | 18.21 | 26.82 | 20.74 | 16.01 | 18.31 | 26.39 | 17.91 | 19.56 |
| Gross Profit | 126.90 | 110.56 | 109.66 | 97.14 | 90.50 | 83.55 | 85.51 | 70.01 | 63.63 | 60.01 | 60.14 | 57.89 | 54.78 | 49.83 | 44.95 | 39.24 | 29.29 |
| Research & Development | 47.40 | 39.27 | 33.34 | 32.41 | 32.26 | 30.40 | 29.79 | 29.01 | 27.01 | 27.26 | 26.02 | 24.57 | 23.18 | 27.20 | 25.14 | 24.57 | 27.03 |
| Selling, General & Admin | 27.25 | 22.35 | 25.61 | 20.01 | 17.38 | 15.65 | 16.47 | 15.23 | 14.61 | 14.40 | 12.80 | 14.08 | 12.50 | 13.21 | 10.47 | 11.57 | 12.83 |
| Total Operating Expenses | 126.96 | 118.64 | 100.70 | 91.44 | 88.51 | 81.36 | 79.79 | 74.96 | 65.99 | 66.39 | 64.48 | 64.39 | 123.75 | 64.72 | 57.66 | 32.06 | 62.76 |
| Operating Income | (0.06) | (8.08) | 8.95 | 5.69 | 1.99 | 2.19 | 5.72 | (4.95) | (2.36) | (6.38) | (4.34) | (6.51) | (4.24) | (14.89) | (12.71) | (21.12) | (33.47) |
| Pretax Income | 1.08 | (8.90) | 11.66 | 10.22 | 6.61 | 4.16 | 6.28 | 2.96 | (5.49) | (8.38) | (2.73) | (6.71) | (4.15) | (13.96) | (12.07) | (21.05) | (33.03) |
| Tax Provision | (3.98) | (11.68) | (117.99) | 0.43 | (0.39) | (0.21) | (2.22) | (4.73) | 5.48 | 1.39 | 0.41 | (0.17) | 0.27 | 0.11 | 0.23 | 0.07 | (0.05) |
| Net Income | 5.06 | 2.78 | 129.66 | 9.79 | 7.01 | 4.38 | 8.50 | 7.69 | (10.96) | (9.78) | (3.15) | (6.54) | (4.41) | (14.07) | (12.30) | (21.12) | (32.98) |
| Basic EPS | 0.06 | 0.03 | 1.67 | 0.13 | 0.09 | 0.06 | 0.13 | 0.10 | (0.15) | (0.14) | (0.04) | (0.10) | (0.07) | (0.21) | (0.19) | (0.34) | (0.53) |
| Diluted EPS | 0.06 | 0.03 | 1.53 | 0.11 | 0.08 | 0.05 | 0.14 | 0.09 | (0.15) | (0.14) | (0.04) | (0.10) | (0.07) | (0.21) | (0.22) | (0.34) | (0.53) |
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 |
|---|
| Operating Cash Flow | 23.81 | 17.21 | 36.80 | 26.45 | 13.32 | 12.06 | 12.32 | 6.35 | 3.25 | 10.69 | 8.96 | 4.09 | 3.67 | (9.20) | (2.16) | (16.37) | (38.53) |
| Capital Expenditures | 0.00 | 0.00 | 0.23 | 0.80 | 0.64 | 0.12 | 1.12 | 0.01 | 0.05 | 0.00 | 0.48 | 0.00 | 0.00 | 0.03 | -- | -- | -- |
| Free Cash Flow* | 23.81 | 17.21 | 36.57 | 25.65 | 12.68 | 11.94 | 11.20 | 6.34 | 3.20 | 10.69 | 8.48 | 4.09 | 3.67 | (9.22) | -- | -- | -- |
| Investing Cash Flow | (92.73) | (163.59) | (1.40) | (1.84) | (27.74) | (4.35) | (6.84) | (0.97) | (1.23) | (1.09) | (0.96) | (0.37) | (0.52) | (0.37) | 2.47 | (0.30) | (113.80) |
| Financing Cash Flow | (14.19) | 3.41 | 3.21 | (1.61) | 278.29 | 2.18 | (5.21) | (7.21) | 85.39 | (5.71) | (0.94) | (4.22) | (15.09) | (4.70) | 31.18 | (3.77) | 0.30 |
* Derived from reported values
