Financial Statements — MLTX
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 | 477.91 | 298.49 | 350.74 | 306.68 | 271.57 | 375.66 | 342.79 | 458.44 | 318.17 | 501.79 | 50.13 | 41.20 | 92.71 | 0.02 | 1.03 | 1.10 | 1.17 |
| Total Current Assets | 570.04 | 396.64 | 411.22 | 455.48 | 506.26 | 512.32 | 536.88 | 553.59 | 500.01 | 506.37 | 66.50 | 88.54 | 98.38 | 116.16 | 1.21 | 1.33 | 1.46 |
| Property, Plant & Equipment | 0.49 | 0.53 | 0.62 | 0.67 | 0.71 | 0.58 | 0.48 | 0.51 | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | -- | -- | -- | -- |
| Total Non-current Assets* | 3.91 | 3.73 | 3.12 | 4.62 | 5.00 | 5.90 | 8.00 | 10.53 | 0.21 | 0.25 | 0.29 | 0.05 | 0.06 | 115.05 | 115.04 | 115.04 | 115.03 |
| Total Assets | 573.95 | 400.37 | 414.34 | 460.10 | 511.26 | 518.21 | 544.88 | 564.12 | 500.22 | 506.62 | 66.80 | 88.59 | 98.43 | 231.21 | 116.25 | 116.37 | 116.49 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- | -- | -- | -- |
| Total Current Liabilities | 45.39 | 46.11 | 48.37 | 27.36 | 23.98 | 20.08 | 12.28 | 8.91 | 10.31 | 7.13 | 7.28 | 6.02 | 3.86 | 202.79 | 2.06 | 0.09 | 0.06 |
| Long-term Debt | 99.51 | 99.02 | 73.74 | 73.38 | 73.02 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 100.36 | 100.24 | 74.78 | 74.79 | 74.70 | 2.63 | 2.56 | 2.82 | 0.27 | 0.38 | 0.41 | 0.00 | 0.02 | 4.03 | 4.03 | 4.03 | 4.03 |
| Total Liabilities | 145.75 | 146.35 | 123.14 | 102.15 | 98.68 | 22.71 | 14.85 | 11.73 | 10.58 | 7.51 | 7.68 | 6.02 | 3.88 | 206.82 | 6.08 | 4.12 | 4.09 |
| Retained Earnings | (594.42) | (532.62) | (400.49) | (330.76) | (275.54) | (189.99) | (154.60) | (130.33) | (109.22) | (99.79) | (89.66) | (68.79) | (58.68) | (9.76) | (4.84) | (0.32) | (0.17) |
| Total Stockholder Equity | 428.20 | 254.02 | 288.91 | 353.73 | 407.52 | 488.20 | 520.66 | 542.55 | 424.93 | 489.80 | 42.00 | 55.29 | 63.51 | 24.40 | (4.84) | 5.00 | 5.00 |
* 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 | 50.22 | 54.52 | 56.01 | 60.64 | 49.76 | 36.46 | 40.36 | 35.74 | 23.66 | 13.01 | 8.10 | 7.59 | 8.70 | 7.42 | 11.37 | 9.02 | 11.40 | -- | -- | -- |
| Selling, General & Admin | 11.44 | 15.51 | 9.21 | 10.80 | 10.94 | 11.03 | 9.22 | 7.38 | 6.92 | 6.81 | 6.93 | 5.39 | 4.48 | 5.52 | 8.30 | 5.75 | 6.25 | 2.71 | 2.22 | 2.09 |
| Total Operating Expenses | 61.66 | 70.02 | 65.22 | 71.43 | 60.70 | 47.49 | 49.58 | 43.11 | 30.58 | 19.82 | 15.03 | 12.98 | 13.19 | 12.93 | 16.70 | 14.77 | 17.65 | -- | -- | -- |
| Operating Income | (61.66) | (70.02) | (65.22) | (71.43) | (60.70) | (47.48) | (49.58) | (43.11) | (30.58) | (19.82) | (15.03) | (12.98) | (13.19) | (12.93) | (29.93) | (14.77) | (17.65) | (2.71) | (2.22) | (2.09) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- |
| Pretax Income* | (61.71) | (69.08) | (62.18) | (69.61) | (55.12) | (39.79) | (45.56) | (35.30) | (24.19) | (13.60) | (7.39) | (9.40) | (10.13) | (8.99) | (25.03) | (10.10) | (12.11) | -- | -- | -- |
| Tax Provision | 0.09 | 0.62 | 0.25 | 0.12 | 0.10 | 0.15 | 0.04 | 0.09 | 0.08 | 0.07 | 0.04 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -- | -- | -- |
| Net Income | (61.80) | (69.71) | (62.42) | (69.73) | (55.22) | (39.94) | (45.60) | (35.39) | (24.27) | (13.67) | (7.44) | (9.43) | (10.14) | (9.00) | (25.04) | (10.11) | (12.12) | (2.70) | (2.22) | (2.09) |
| Basic EPS | (0.84) | (0.98) | (0.93) | (1.10) | (0.87) | (0.63) | (0.72) | (0.56) | (0.39) | (0.22) | (0.09) | (0.18) | (0.23) | (0.23) | (0.43) | (0.27) | (0.34) | -- | -- | -- |
| Diluted EPS | (0.84) | (0.98) | (0.93) | (1.10) | (0.87) | (0.63) | (0.72) | (0.56) | (0.39) | (0.22) | (0.09) | (0.18) | (0.23) | (0.23) | (0.43) | (0.27) | (0.34) | -- | -- | -- |
* 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 | (55.56) | (66.29) | (58.79) | (44.54) | (54.53) | (38.14) | (48.47) | (25.27) | (27.89) | (14.95) | (12.34) | (9.25) | (12.16) | (9.02) | (11.60) | (9.35) | (34.15) | (0.79) | (0.36) | (0.07) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.18 | 0.13 | 0.00 | 0.21 | 0.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | -- | -- | -- |
| Free Cash Flow* | (55.56) | (66.29) | (58.79) | (44.54) | (54.53) | (38.17) | (48.65) | (25.41) | (27.89) | (15.16) | (12.63) | (9.25) | (12.16) | (9.02) | (11.60) | (9.35) | (34.17) | -- | -- | -- |
| Investing Cash Flow | 0.32 | 0.10 | (29.91) | 88.40 | 88.25 | 56.25 | (147.33) | 58.28 | (87.74) | (28.80) | 116.87 | (174.38) | 12.68 | 19.65 | 9.90 | (42.23) | (0.02) | -- | -- | -- |
| Financing Cash Flow | 234.62 | 30.64 | 72.40 | 0.48 | 0.00 | 73.12 | 0.15 | 0.18 | 0.00 | 50.98 | 28.42 | 0.00 | 451.29 | 0.00 | 0.00 | 0.00 | 119.54 | 0.15 | 0.00 | 0.00 |
* Derived from reported values