Financial Statements — NMAX
Balance Sheet
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | 25.88 | 17.20 | 14.18 | 33.84 | 126.72 |
| Accounts Receivable | 41.38 | 38.29 | 30.62 | 29.55 | 28.92 |
| Inventory | 1.90 | 2.01 | 1.80 | 1.64 | 1.88 |
| Total Current Assets | 201.68 | 200.10 | 192.24 | 237.30 | 252.12 |
| Property, Plant & Equipment | 7.08 | 6.90 | 6.57 | 6.19 | 5.73 |
| Total Non-current Assets* | 28.60 | 26.16 | 41.10 | 22.50 | 26.09 |
| Total Assets | 230.28 | 226.26 | 233.33 | 259.80 | 278.21 |
| Accounts Payable | 18.12 | 16.28 | 15.84 | 15.73 | 15.78 |
| Total Current Liabilities | 84.54 | 86.12 | 70.22 | 94.86 | 70.68 |
| Total Non-current Liabilities* | 32.56 | 33.11 | 57.15 | 58.09 | 30.15 |
| Total Liabilities | 117.10 | 119.23 | 127.37 | 152.94 | 100.83 |
| Retained Earnings | (327.19) | (330.06) | (324.90) | (320.78) | (245.61) |
| Total Stockholder Equity | 113.18 | 107.02 | 105.96 | 106.85 | 177.38 |
* 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 |
|---|---|---|---|---|---|---|
| Total Revenue | 54.12 | 51.66 | 52.24 | 45.27 | 46.44 | 45.30 |
| Cost of Revenue* | 30.78 | 31.73 | 33.09 | 29.31 | 28.80 | 23.63 |
| Gross Profit | 23.33 | 19.93 | 19.15 | 15.96 | 17.64 | 21.67 |
| Selling, General & Admin | -- | -- | -- | -- | -- | 33.24 |
| Total Operating Expenses | 22.03 | 24.40 | 26.04 | 23.16 | 94.05 | 71.14 |
| Operating Income | 1.30 | (4.47) | (4.68) | (7.20) | (76.41) | (11.57) |
| Pretax Income | 2.87 | (2.19) | (3.04) | (4.06) | (75.17) | (17.23) |
| Tax Provision | 0.00 | 0.00 | (0.07) | 0.06 | 0.01 | 0.01 |
| Net Income | 2.87 | (2.19) | (2.97) | (4.12) | (75.18) | (17.23) |
| Basic EPS | 0.02 | (0.02) | 0.15 | (0.03) | (0.59) | (0.49) |
| Diluted EPS | 0.02 | (0.02) | 0.15 | (0.03) | (0.59) | (0.49) |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | (0.12) | (2.64) | 2.63 | (68.13) | (23.22) | (15.73) |
| Capital Expenditures | 1.14 | 0.24 | 0.87 | 1.09 | 0.62 | 0.07 |
| Free Cash Flow* | (1.26) | (2.89) | 1.76 | (69.23) | (23.84) | (15.80) |
| Investing Cash Flow | 8.76 | (0.59) | 3.62 | 47.68 | (74.92) | (29.50) |
| Financing Cash Flow | 0.05 | 0.00 | 0.01 | 0.80 | 5.27 | 147.89 |
* Derived from reported values