Financial Statements — LODE
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 | 31.41 | 52.97 | 31.71 | 18.59 | 3.91 | 1.36 | 0.11 | 0.47 | 3.44 | 1.59 | 8.11 | 1.16 | 4.35 | 2.25 | 2.92 | 4.75 | 10.29 |
| Short-term Investments | -- | -- | -- | -- | -- | 18.91 | 18.91 | 18.91 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.34 | 0.31 | 1.80 | 3.22 | 3.64 | -- | -- | 0.25 | 6.48 | 5.94 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 58.13 | 76.97 | 35.13 | 22.99 | 15.70 | 29.89 | 28.37 | 22.10 | 30.74 | 41.12 | 35.51 | 8.12 | 11.09 | 10.18 | 35.47 | 34.01 | 40.38 |
| Property, Plant & Equipment | 35.60 | 36.10 | 27.34 | 27.26 | 20.73 | 8.62 | 8.75 | 15.21 | 14.16 | 13.61 | 13.41 | 13.64 | 15.10 | 15.21 | 8.29 | 8.40 | 8.51 |
| Goodwill | 1.51 | 1.51 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 12.79 | 12.79 | 12.79 | 17.74 | -- | -- |
| Intangible Assets | 9.65 | 23.96 | 25.42 | 26.16 | 5.82 | 5.89 | 14.86 | 15.36 | 16.16 | 16.66 | 17.16 | 21.70 | 22.23 | 22.76 | 7.48 | -- | -- |
| Total Non-current Assets* | 135.42 | 141.17 | 141.16 | 125.22 | 95.63 | 73.81 | 76.18 | 82.81 | 63.91 | 63.86 | 69.48 | 108.38 | 106.74 | 104.94 | 71.94 | 43.34 | 29.70 |
| Total Assets | 193.55 | 218.13 | 176.29 | 148.22 | 111.33 | 103.69 | 104.56 | 104.91 | 94.65 | 104.98 | 104.99 | 116.50 | 117.83 | 115.12 | 107.40 | 77.35 | 70.08 |
| Accounts Payable | 2.11 | 3.28 | 2.78 | 4.07 | 3.20 | 2.52 | 2.32 | 1.02 | 0.56 | 1.05 | 0.59 | 0.40 | 1.44 | 1.24 | 1.33 | 0.39 | 0.22 |
| Total Current Liabilities | 18.19 | 17.07 | 13.81 | 15.36 | 8.62 | 12.21 | 13.26 | 14.79 | 11.66 | 44.35 | 40.94 | 32.32 | 30.94 | 22.09 | 4.16 | 1.75 | 1.18 |
| Long-term Debt | -- | -- | 0.00 | 10.17 | 13.90 | 11.23 | 10.00 | 10.92 | 5.81 | 6.36 | 7.07 | 3.89 | 4.57 | 4.53 | 0.00 | 0.00 | 3.56 |
| Total Non-current Liabilities | 34.70 | 41.30 | 40.79 | 40.99 | 43.16 | 23.41 | 16.26 | 16.11 | 13.12 | 9.54 | 9.73 | 10.83 | 11.46 | 11.18 | 5.41 | 5.34 | 5.25 |
| Total Liabilities | 52.88 | 58.38 | 54.60 | 56.36 | 51.78 | 35.62 | 29.52 | 30.91 | 24.78 | 53.89 | 50.67 | 43.15 | 42.39 | 33.26 | 9.57 | 7.10 | 6.43 |
| Retained Earnings | (413.58) | (388.11) | (365.46) | (352.57) | (344.74) | (312.83) | (297.86) | (289.23) | (290.26) | (302.63) | (297.16) | (270.81) | (265.69) | (251.92) | (228.59) | (219.09) | (212.77) |
| Total Stockholder Equity* | 137.35 | 156.43 | 118.39 | 88.56 | 59.55 | 67.96 | 74.90 | 73.84 | 65.99 | 48.47 | 51.61 | 70.13 | 72.03 | 78.12 | 97.83 | 70.26 | 63.64 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 0.27 | 0.31 | 0.37 | 0.05 | 0.34 | 0.79 | 1.60 | 0.56 | 0.43 | 0.43 | 0.45 | 0.76 | 0.04 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.40 | 0.36 |
| Cost of Revenue* | 1.17 | 0.60 | 0.60 | 0.32 | 0.81 | 0.89 | 0.45 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.27 | -- |
| Gross Profit | (0.90) | (0.29) | (0.23) | (0.27) | (0.47) | (0.10) | 1.15 | 0.56 | 0.43 | 0.43 | -- | -- | -- | -- | 0.03 | 0.04 | 0.05 | 0.05 | 0.12 | -- |
| Research & Development | 2.28 | 2.10 | 4.67 | 2.23 | 2.12 | 3.30 | 14.22 | 1.44 | 2.55 | 0.89 | 1.69 | 1.39 | 1.76 | 1.27 | 1.92 | 1.33 | 2.58 | 1.20 | (0.10) | 0.17 |
| Selling, General & Admin | 7.00 | 6.21 | 6.36 | 5.87 | 4.36 | 3.02 | 3.12 | 3.18 | 2.79 | 3.53 | 2.56 | 3.14 | 3.50 | 3.39 | 3.44 | 1.89 | 2.51 | 2.40 | 1.92 | 1.72 |
| Total Operating Expenses* | 26.04 | 8.66 | 13.00 | 9.94 | 7.19 | 6.94 | 16.99 | 14.17 | 6.00 | 5.08 | -- | -- | -- | -- | 7.89 | 2.96 | 5.09 | 3.60 | 3.50 | 2.08 |
| Operating Income | (26.94) | (8.94) | (13.23) | (10.22) | (7.67) | (7.04) | (15.84) | (13.61) | (5.56) | (4.65) | (4.27) | 2.68 | (5.93) | (5.08) | (6.21) | (2.92) | (5.84) | (4.39) | (3.37) | (1.72) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.82 | 0.33 | 0.32 | 0.38 | 0.62 | 0.69 | 0.33 | 0.31 | 0.32 | 0.02 | 0.00 |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (20.79) | (5.32) | (14.09) | (6.55) | (22.70) | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (5.75) | 0.00 |
| Net Income | (25.47) | (9.38) | (13.27) | (12.89) | (7.83) | (9.09) | (22.80) | (14.97) | (8.63) | (6.92) | 7.97 | 13.74 | (5.50) | (5.68) | (20.79) | (5.32) | (14.09) | (6.55) | (16.96) | (9.49) |
| Basic EPS | (0.34) | (0.14) | (0.22) | (0.31) | (0.27) | (0.37) | (3.01) | (0.08) | (0.06) | (0.06) | 0.09 | 0.11 | (0.05) | (0.06) | (0.26) | (0.07) | (0.20) | (0.09) | (0.39) | (0.17) |
| Diluted EPS | -- | -- | -- | -- | -- | -- | (3.01) | (0.08) | -- | (0.06) | 0.09 | 0.11 | (0.05) | (0.06) | (0.26) | (0.07) | (0.20) | (0.09) | (0.39) | (0.17) |
* Derived from reported values
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 | (10.10) | (5.82) | (5.90) | (8.71) | (4.82) | (4.96) | (4.32) | (3.79) | (2.00) | (3.83) | (2.44) | (4.51) | (2.83) | (3.85) | 0.25 | (4.64) | (3.85) | (3.86) | (2.50) | (1.66) |
| Capital Expenditures | 7.00 | -- | -- | -- | -- | -- | -- | -- | -- | 0.36 | 0.30 | 0.70 | 0.03 | 0.79 | 0.20 | 0.82 | 0.59 | 0.78 | 0.03 | 0.00 |
| Free Cash Flow* | (17.11) | -- | -- | -- | -- | -- | -- | -- | -- | (4.19) | (2.74) | (5.21) | (2.86) | (4.64) | 0.06 | (5.46) | (4.44) | (4.64) | (2.53) | (1.66) |
| Investing Cash Flow | (11.46) | (14.53) | (10.88) | (7.28) | (2.00) | (1.82) | 0.38 | (2.20) | (2.04) | (2.62) | (2.83) | 2.76 | (4.17) | 7.87 | (3.83) | (0.41) | 0.74 | (0.23) | (4.95) | (4.07) |
| Financing Cash Flow | -0.00 | 56.37 | 2.02 | 29.11 | 21.50 | 9.73 | 3.53 | 7.23 | 3.69 | 3.13 | 5.61 | 3.60 | 0.47 | 1.57 | 4.94 | 1.87 | 5.21 | 0.42 | 9.95 | 3.90 |
* Derived from reported values