Financial Statements — LONA
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 | 32.32 | 32.83 | 20.87 | 19.89 | 26.42 | 68.86 | 73.83 | 77.82 | 110.33 | 113.63 | 105.18 | 87.05 | 95.06 | 117.81 | 107.33 | 131.70 | 127.82 |
| Short-term Investments | 18.74 | 34.85 | 4.35 | 9.94 | 10.25 | -- | 17.94 | 44.27 | 62.61 | 72.46 | 80.80 | 133.91 | 157.35 | 145.72 | 128.45 | 153.24 | 176.37 |
| Total Current Assets | 54.81 | 69.20 | 27.03 | 32.22 | 39.85 | 82.00 | 106.70 | 128.64 | 178.50 | 192.13 | 192.90 | 228.97 | 255.86 | 269.15 | 238.99 | 290.50 | 311.57 |
| Property, Plant & Equipment | 1.01 | 1.24 | 1.72 | 1.96 | 2.20 | 2.69 | 2.93 | 3.14 | 3.63 | 3.85 | 4.06 | 4.29 | 4.29 | 4.35 | 3.06 | 2.92 | 2.90 |
| Total Non-current Assets* | 2.09 | 2.39 | 3.01 | 3.33 | 3.66 | 4.24 | 4.55 | 4.82 | 6.20 | 15.92 | 39.88 | 45.21 | 36.15 | 43.85 | 108.34 | 69.63 | 57.85 |
| Total Assets | 56.89 | 71.59 | 30.03 | 35.55 | 43.51 | 86.25 | 111.25 | 133.46 | 184.70 | 208.05 | 232.77 | 274.19 | 292.01 | 313.00 | 347.33 | 360.12 | 369.41 |
| Accounts Payable | 2.42 | 1.76 | 0.27 | 0.17 | 0.87 | 0.39 | 0.48 | 0.68 | 1.71 | 0.61 | 0.89 | 0.75 | 0.61 | 1.43 | 0.96 | 1.17 | 1.69 |
| Total Current Liabilities | 7.82 | 6.67 | 2.79 | 2.98 | 5.49 | 27.75 | 26.90 | 25.60 | 28.62 | 21.66 | 20.15 | 10.26 | 9.69 | 9.47 | 9.39 | 7.63 | 4.50 |
| Total Non-current Liabilities* | 15.48 | 15.62 | 0.46 | 0.58 | 0.69 | 0.91 | 1.02 | 1.12 | 1.31 | 1.41 | 1.50 | 1.67 | 1.75 | 1.55 | 1.71 | 1.78 | 1.70 |
| Total Liabilities | 23.30 | 22.29 | 3.25 | 3.56 | 6.18 | 28.66 | 27.92 | 26.72 | 29.94 | 23.07 | 21.65 | 11.94 | 11.45 | 11.03 | 11.09 | 9.41 | 6.20 |
| Retained Earnings | (563.71) | (544.70) | (428.87) | (422.25) | (415.29) | (391.14) | (362.40) | (335.54) | (281.92) | (248.95) | (219.35) | (161.40) | (141.21) | (116.87) | (79.56) | (63.88) | (49.91) |
| Total Stockholder Equity | 33.60 | 49.30 | 26.79 | 31.99 | 37.33 | 57.58 | 83.34 | 106.74 | 154.76 | 184.98 | 211.13 | 262.25 | 280.57 | 301.98 | 336.24 | 350.71 | 363.22 |
* 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 | 12.70 | 11.26 | 6.71 | 2.83 | 3.66 | 4.30 | 9.37 | 17.92 | 22.15 | 21.24 | 23.68 | 27.20 | 21.62 | 21.29 | 15.24 | 16.97 | 14.80 | 14.46 | 12.62 | 10.71 |
| Selling, General & Admin | 6.58 | 6.88 | 3.77 | 4.05 | 3.63 | 5.23 | 6.20 | 7.57 | 5.87 | 6.45 | 6.96 | 7.84 | 10.03 | 8.48 | 7.69 | 7.17 | 8.77 | 8.93 | 6.16 | 7.12 |
| Operating Income | (19.45) | (17.21) | (78.56) | (6.87) | (7.29) | (9.54) | (15.57) | (29.62) | (28.03) | (27.69) | (29.01) | (35.04) | (31.64) | (29.77) | (32.93) | (24.13) | (23.57) | (23.39) | (18.78) | (17.83) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Net Income | (19.01) | (32.95) | (82.89) | (6.61) | (6.97) | (9.14) | (15.00) | (28.74) | (26.86) | (26.34) | (27.28) | (32.97) | (29.60) | (27.82) | (30.13) | (20.19) | (24.33) | (20.98) | (16.34) | (15.67) |
| Basic EPS | (0.80) | (1.73) | (22.61) | (1.68) | (0.18) | (0.23) | (3.80) | (0.75) | (0.70) | (0.69) | (7.10) | (0.87) | (0.78) | (0.73) | (7.90) | (0.53) | -- | -- | -- | -- |
| Diluted EPS | (0.80) | (1.73) | (22.61) | (1.68) | (0.18) | (0.23) | (3.80) | (0.75) | (0.70) | (0.69) | (7.10) | (0.87) | (0.78) | (0.73) | (7.90) | (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 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (16.96) | (20.90) | (19.40) | (4.67) | (7.00) | (14.66) | (26.01) | (23.02) | (22.33) | (25.80) | (26.29) | (23.98) | (24.28) | (26.19) | (15.67) | (21.64) | (18.59) | (16.57) | (18.18) | (10.30) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.03 | 0.01 | 0.00 | 0.03 | 0.03 | 0.24 | 0.00 | 0.24 | 0.15 | 0.75 | 1.03 | 0.13 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (26.01) | (23.02) | (22.36) | (25.81) | (26.29) | (24.01) | (24.31) | (26.43) | (15.67) | (21.88) | (18.74) | (17.32) | (19.20) | (10.43) |
| Investing Cash Flow | 16.33 | (15.54) | (14.64) | 5.65 | 0.44 | (7.35) | (2.81) | 18.04 | 26.56 | 13.04 | 6.39 | 20.69 | 32.49 | 35.52 | 24.65 | 13.63 | (4.46) | 23.85 | 21.37 | (14.20) |
| Financing Cash Flow | 0.11 | -- | 82.44 | 0.00 | 0.02 | -- | 0.03 | 0.01 | 0.15 | -- | 0.15 | 0.00 | 0.24 | 0.10 | 0.15 | 0.00 | 0.30 | 0.21 | 0.01 | 0.13 |
* Derived from reported values
