Financial Statements — NAMSW
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q2
2023 |
|---|
| Cash & Equivalents | 424.15 | 457.61 | 538.41 | 563.86 | 748.42 | -- | -- | -- | 383.50 |
| Short-term Investments | 209.70 | 178.50 | 164.54 | 175.30 | 60.06 | -- | -- | -- | -- |
| Total Current Assets | 659.21 | 658.04 | 732.33 | 769.85 | 817.30 | 437.87 | 445.35 | 487.82 | 389.26 |
| Property, Plant & Equipment | 0.41 | 0.38 | 0.32 | 0.31 | 0.24 | 0.23 | 0.23 | 0.10 | -- |
| Total Non-current Assets* | 45.25 | 74.60 | 54.10 | 45.26 | 1.11 | 1.32 | 1.34 | 0.64 | 81.83 |
| Total Assets | 704.45 | 732.64 | 786.43 | 815.11 | 818.41 | 439.19 | 446.69 | 488.46 | -- |
| Accounts Payable | 5.42 | 8.09 | 3.63 | 5.90 | 6.09 | 7.04 | 5.28 | 8.54 | -- |
| Total Current Liabilities | 72.97 | 67.42 | 58.27 | 36.51 | 40.91 | 41.26 | 45.31 | 59.73 | 38.34 |
| Total Non-current Liabilities* | 0.06 | 0.00 | 0.09 | 0.10 | 0.14 | 19.07 | 13.94 | 16.93 | 10.50 |
| Total Liabilities | 73.03 | 67.42 | 58.36 | 36.62 | 41.05 | 60.33 | 59.25 | 76.66 | -- |
| Retained Earnings | (874.97) | (810.83) | (687.47) | (615.46) | (598.10) | (466.39) | (449.75) | (410.74) | -- |
| Total Stockholder Equity | 631.42 | 665.22 | 728.07 | 778.50 | 777.36 | 378.86 | 387.44 | 411.80 | 422.26 |
* 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 | Q2
2023 |
|---|
| Total Revenue | 3.70 | 3.04 | 0.03 | 0.35 | 19.15 | 2.98 | 12.77 | 29.11 | 2.28 | 1.40 | 0.80 | 9.56 |
| Research & Development | 41.67 | 38.01 | 38.59 | 30.97 | 27.52 | 44.75 | 34.90 | 35.70 | 38.38 | 42.43 | 41.29 | -- |
| Selling, General & Admin | 3.87 | 2.72 | 3.99 | 2.76 | 4.31 | 4.32 | 3.65 | 18.41 | 16.48 | 14.45 | 10.59 | -- |
| Total Operating Expenses | 68.57 | 61.46 | 66.01 | 55.49 | 54.78 | 71.90 | 56.00 | 54.11 | 54.85 | 56.88 | 51.88 | 86.61 |
| Operating Income | (64.86) | (58.42) | (65.98) | (55.14) | (35.63) | (68.92) | (43.23) | (25.00) | (52.57) | (55.48) | (51.07) | (77.05) |
| Pretax Income | (64.14) | (48.44) | (74.92) | (72.00) | (17.36) | (39.53) | (92.18) | (16.65) | (39.01) | (93.77) | (49.47) | (75.10) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -0.00 | -- | -- | -- | -- |
| Net Income | (64.14) | (48.44) | (74.92) | (72.00) | (17.36) | (39.53) | (92.18) | (16.65) | (39.01) | (93.77) | (49.49) | (75.10) |
| Basic EPS | (0.52) | (0.40) | (0.62) | (0.61) | (0.15) | (0.34) | (0.91) | (0.18) | (0.41) | (1.06) | (0.60) | (0.92) |
| Diluted EPS | (0.52) | (0.40) | (0.62) | (0.61) | (0.15) | (0.34) | (0.91) | (0.18) | (0.41) | (1.06) | (0.60) | (0.92) |
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 | Q2
2023 |
|---|
| Operating Cash Flow | (39.21) | (30.60) | (40.87) | (32.77) | (37.67) | (36.47) | (37.48) | (12.50) | (53.98) | (54.60) | (62.86) |
| Capital Expenditures | 0.08 | 0.04 | 0.10 | 0.04 | 0.09 | 0.02 | 0.00 | 0.08 | 0.21 | 0.39 | -- |
| Free Cash Flow* | (39.29) | (30.64) | (40.97) | (32.81) | (37.76) | (36.48) | (37.48) | (12.58) | (54.19) | (54.99) | -- |
| Investing Cash Flow | (4.76) | (11.51) | (21.14) | 2.51 | (159.14) | 2.86 | (62.18) | (0.07) | (0.21) | (0.38) | 5.17 |
| Financing Cash Flow | 11.04 | 11.07 | 13.68 | 5.89 | 3.43 | 6.52 | 456.61 | 0.06 | 4.66 | 198.18 | 8.02 |
* Derived from reported values
