Financial Statements — MCRB
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 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 0.02 | 0.03 | 0.05 | 0.05 | 0.06 | 0.07 | 0.07 | 0.11 | 0.17 | 0.23 | 0.09 | 0.21 | 0.13 | 0.15 | 0.23 | 0.07 | 0.07 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.01 | 0.03 | 0.07 | 0.09 | 0.12 | 0.14 | 0.18 |
| Accounts Receivable | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Inventory | -- | -- | -- | -- | -- | -- | 0.05 | 0.04 | 0.02 | 0.01 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.04 | 0.03 | 0.05 | 0.05 | 0.07 | 0.07 | 0.15 | 0.17 | 0.21 | 0.25 | 0.12 | 0.25 | 0.21 | 0.26 | 0.36 | 0.22 | 0.25 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Total Non-current Assets* | 0.06 | 0.09 | 0.09 | 0.10 | 0.10 | 0.11 | 0.17 | 0.18 | 0.15 | 0.16 | 0.15 | 0.06 | 0.06 | 0.06 | 0.04 | 0.05 | 0.05 |
| Total Assets | 0.10 | 0.12 | 0.14 | 0.14 | 0.16 | 0.18 | 0.32 | 0.34 | 0.37 | 0.41 | 0.27 | 0.31 | 0.27 | 0.32 | 0.40 | 0.27 | 0.31 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Total Current Liabilities | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.06 | 0.11 | 0.10 | 0.08 | 0.08 | 0.06 | 0.08 | 0.09 | 0.08 | 0.09 | 0.06 | 0.05 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | 0.11 | 0.11 | 0.11 | 0.11 | 0.05 | 0.05 | 0.05 | 0.05 | 0.03 | 0.03 | 0.03 |
| Total Non-current Liabilities* | 0.05 | 0.07 | 0.08 | 0.08 | 0.08 | 0.09 | 0.30 | 0.30 | 0.30 | 0.31 | 0.25 | 0.16 | 0.16 | 0.16 | 0.13 | 0.11 | 0.11 |
| Total Liabilities | 0.07 | 0.09 | 0.10 | 0.11 | 0.11 | 0.15 | 0.41 | 0.40 | 0.38 | 0.38 | 0.32 | 0.24 | 0.25 | 0.24 | 0.22 | 0.17 | 0.16 |
| Retained Earnings | (0.99) | (0.99) | (0.96) | (0.97) | (0.95) | (0.96) | (1.05) | (1.02) | (0.94) | (0.89) | (0.94) | (0.80) | (0.74) | (0.67) | (0.56) | (0.63) | (0.58) |
| Total Stockholder Equity | 0.03 | 0.03 | 0.04 | 0.03 | 0.05 | 0.02 | (0.09) | (0.06) | (0.02) | 0.02 | (0.05) | 0.07 | 0.02 | 0.08 | 0.18 | 0.10 | 0.14 |
* 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 | 0.74 | 0.36 | 0.44 | 0.35 | -- | -- | -- | -- | 0.00 | 0.00 | 0.06 | 0.31 | 126.47 | (0.52) | 0.98 | 3.44 | 1.22 | 1.49 | 7.22 | 126.73 |
| Research & Development | 9.14 | 13.20 | 11.68 | 12.62 | 12.94 | 11.82 | 8.56 | 16.46 | 17.88 | 21.70 | 26.85 | 28.25 | 46.79 | 43.97 | 46.22 | 43.12 | 43.94 | 39.65 | 36.75 | 39.88 |
| Selling, General & Admin | 7.06 | 8.07 | 7.54 | 9.48 | 10.25 | 11.89 | 8.95 | 12.71 | 16.06 | 15.47 | 17.23 | 19.99 | 28.05 | 22.47 | 22.40 | 18.38 | 20.34 | 18.57 | 20.51 | 19.56 |
| Total Operating Expenses | 22.01 | 21.27 | 19.82 | 22.83 | 24.88 | 27.24 | 21.21 | 29.17 | 31.35 | 39.59 | 39.59 | 47.72 | 76.95 | 70.05 | 69.28 | 62.55 | 64.54 | 57.24 | 56.65 | 58.32 |
| Operating Income | (21.27) | (20.91) | (19.38) | (22.48) | (24.88) | (27.24) | (21.21) | (29.17) | (31.34) | (39.59) | (39.53) | (47.41) | 49.52 | (70.57) | (68.31) | (59.11) | (63.32) | (55.75) | (49.43) | 68.41 |
| Pretax Income* | 4.58 | (19.91) | (15.33) | 8.20 | (19.85) | 32.68 | (15.64) | 88.78 | (32.87) | (40.13) | (41.25) | (47.85) | 46.55 | -- | (68.80) | (60.00) | (64.73) | (56.62) | (50.00) | 68.22 |
| Tax Provision | 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 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 4.58 | (19.91) | (15.33) | 8.20 | (19.85) | 32.68 | (15.64) | 88.78 | (32.87) | (40.13) | (41.25) | (47.85) | 46.55 | (71.17) | (68.80) | (60.00) | (64.73) | (56.62) | (50.00) | 68.22 |
| Basic EPS | 0.47 | (2.08) | (1.79) | 0.94 | (2.27) | 3.76 | (0.09) | 0.58 | (0.22) | (0.27) | (0.31) | (0.37) | 0.36 | (0.57) | (0.51) | (0.49) | (0.70) | (0.61) | -- | 0.74 |
| Diluted EPS | 0.47 | (2.08) | (1.78) | 0.94 | (2.27) | 3.75 | (0.09) | 0.58 | (0.22) | (0.27) | (0.31) | (0.37) | 0.36 | (0.57) | (0.54) | (0.49) | (0.70) | -- | -- | 0.72 |
* 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 | (22.39) | (16.36) | (14.71) | 2.21 | (13.29) | 26.91 | (38.88) | (34.68) | (39.81) | (35.24) | (47.50) | (59.25) | 65.98 | (76.58) | (52.89) | (59.58) | (49.90) | (66.44) | (51.86) | 127.74 |
| Capital Expenditures | 0.00 | 0.00 | 0.03 | 0.01 | 0.18 | 0.03 | 0.09 | 0.13 | 0.10 | 0.06 | 0.88 | 1.80 | 1.23 | 4.07 | 3.46 | 1.25 | 2.16 | 2.95 | 1.58 | 4.09 |
| Free Cash Flow* | (22.39) | (16.36) | (14.74) | 2.20 | (13.47) | 26.88 | (38.97) | (34.81) | (39.91) | (35.30) | (48.38) | (61.05) | 64.75 | (80.65) | (56.35) | (60.83) | (52.06) | (69.39) | (53.44) | 123.65 |
| Investing Cash Flow | 0.01 | 0.00 | 0.18 | (0.01) | (0.18) | (0.03) | (0.09) | 141.14 | 1.30 | (0.06) | (0.88) | (1.80) | 10.52 | 2.74 | 5.93 | 40.13 | 23.40 | 12.97 | 13.19 | 25.11 |
| Financing Cash Flow | 1.72 | 0.43 | 12.66 | 0.06 | 0.00 | 1.18 | 1.74 | (110.87) | 0.00 | 18.76 | 6.43 | 1.44 | 58.18 | 5.66 | 4.60 | 98.03 | 0.13 | 26.85 | (0.78) | 0.61 |
* Derived from reported values