Financial Statements — LTRN
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 | 6.66 | 4.92 | 8.39 | 6.06 | 6.38 | 8.10 | 12.98 | 18.36 | 25.57 | 28.42 | 32.48 | 39.26 | 43.36 | 46.65 | 54.67 | 61.35 | 81.37 |
| Short-term Investments | 0.70 | 1.41 | 3.97 | 9.84 | 13.34 | 19.95 | 20.29 | 20.00 | 19.35 | 19.53 | 19.06 | 18.57 | 18.79 | 18.56 | 19.16 | 18.23 | -- |
| Total Current Assets | 8.46 | 7.06 | 13.46 | 17.20 | 20.82 | 29.92 | 35.29 | 39.47 | 47.43 | 51.04 | 55.17 | 62.02 | 65.66 | 67.66 | 76.34 | 82.13 | 82.48 |
| Property, Plant & Equipment | 0.02 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 |
| Total Non-current Assets* | 0.14 | 0.17 | 0.17 | 0.22 | 0.27 | 0.37 | 0.30 | 0.26 | 0.35 | 0.38 | 0.34 | 0.14 | 0.72 | 0.74 | 1.27 | 0.30 | 0.02 |
| Total Assets | 8.60 | 7.22 | 13.63 | 17.42 | 21.10 | 30.29 | 35.59 | 39.73 | 47.77 | 51.43 | 55.51 | 62.16 | 66.38 | 68.40 | 77.61 | 82.43 | 82.50 |
| Accounts Payable | 4.28 | 3.72 | 3.95 | 4.75 | 4.12 | 3.40 | 4.44 | 3.78 | 2.09 | 2.85 | 2.67 | 3.05 | 5.17 | 2.92 | 1.64 | 1.09 | -- |
| Total Current Liabilities | 4.32 | 3.78 | 4.04 | 4.88 | 4.29 | 3.60 | 4.60 | 3.95 | 2.25 | 3.02 | 2.79 | 3.14 | 5.30 | 3.07 | 1.79 | 2.69 | 0.66 |
| Total Non-current Liabilities* | 7.50 | 0.00 | 0.00 | 0.01 | 0.03 | 0.09 | 0.05 | 0.02 | 0.11 | 0.15 | 0.14 | 0.00 | 0.00 | 0.01 | 0.09 | 0.13 | 0.11 |
| Total Liabilities | 11.82 | 3.78 | 4.04 | 4.90 | 4.32 | 3.70 | 4.66 | 3.97 | 2.36 | 3.17 | 2.93 | 3.14 | 5.30 | 3.09 | 1.88 | 2.82 | 0.77 |
| Retained Earnings | (103.55) | (96.47) | (89.07) | (84.89) | (80.56) | (70.15) | (65.64) | (60.69) | (51.06) | (47.90) | (43.15) | (35.90) | (33.64) | (29.14) | (21.48) | (17.43) | (15.11) |
| Total Stockholder Equity | (3.22) | 3.45 | 9.59 | 12.52 | 16.78 | 26.60 | 30.93 | 35.77 | 45.41 | 48.26 | 52.58 | 59.03 | 61.08 | 65.32 | 75.73 | 79.61 | 81.73 |
* 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 | 1.79 | 1.72 | 2.74 | 2.44 | 3.07 | 3.26 | 4.27 | 3.72 | 3.89 | 4.25 | 3.57 | 2.21 | 3.56 | 2.55 | 2.25 | 0.70 | 2.99 | 2.66 | 2.16 | 2.96 |
| Selling, General & Admin | 1.72 | 1.68 | 1.46 | 1.91 | 1.58 | 1.51 | 1.63 | 1.46 | 1.52 | 1.48 | 1.30 | 1.31 | 1.63 | 1.73 | 1.57 | 1.44 | 1.41 | 1.41 | 1.35 | 1.18 |
| Total Operating Expenses | 3.51 | 3.41 | 4.20 | 4.35 | 4.65 | 4.77 | 5.90 | 5.18 | 5.41 | 5.73 | 4.88 | 3.52 | 5.19 | 4.29 | 3.83 | 2.15 | 4.39 | 4.07 | 3.51 | 4.15 |
| Operating Income | (3.51) | (3.41) | (4.20) | (4.35) | (4.65) | (4.77) | (5.90) | (5.18) | (5.41) | (5.73) | (4.88) | (3.52) | (5.19) | (4.29) | (3.83) | (2.15) | (4.39) | -- | -- | (4.15) |
| Net Income | (7.07) | (3.33) | (4.07) | (4.18) | (4.33) | (4.54) | (5.88) | (4.51) | (4.96) | (5.44) | (4.19) | (3.16) | (4.75) | (3.87) | (3.38) | (2.26) | (4.49) | (4.12) | (3.54) | (4.05) |
| Basic EPS | (0.57) | (0.30) | (0.36) | (0.39) | (0.40) | (0.42) | (0.54) | (0.42) | (0.46) | (0.51) | (0.38) | (0.29) | (0.44) | (0.36) | (0.31) | (0.21) | (0.41) | (0.38) | -- | -- |
| Diluted EPS | (0.57) | (0.30) | (0.36) | (0.39) | (0.40) | (0.42) | (0.54) | (0.42) | (0.46) | (0.51) | (0.39) | (0.29) | (0.44) | -- | -- | -- | -- | -- | -- | -- |
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 | (2.94) | (3.77) | (2.79) | (4.57) | (3.94) | (4.38) | (3.97) | (5.58) | (5.19) | (3.07) | (3.39) | (3.61) | (3.59) | (3.76) | (2.67) | (4.04) | (2.73) | (3.33) | (2.04) | (4.68) |
| Capital Expenditures | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- | -- |
| Free Cash Flow* | -- | -- | (2.79) | (4.57) | (3.94) | (4.38) | (3.97) | (5.59) | (5.19) | (3.07) | (3.39) | (3.62) | (3.59) | (3.77) | (2.68) | (4.04) | (2.75) | -- | -- | -- |
| Investing Cash Flow | 0.69 | 4.25 | (1.70) | 5.93 | 3.59 | 3.24 | 3.45 | 0.68 | (0.20) | (0.56) | 0.26 | 0.23 | (0.46) | (0.96) | 0.60 | (0.07) | (0.53) | 0.18 | (0.23) | (1.00) |
| Financing Cash Flow | 3.99 | -- | 0.53 | 0.97 | -- | -- | 0.00 | 0.01 | 0.00 | 0.05 | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | (2.18) | (0.87) | 0.00 |
* Derived from reported values
