Financial Statements — NMRA
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 |
|---|
| Cash & Equivalents | 0.12 | 0.15 | 0.13 | 0.12 | 0.13 | 0.28 | 0.15 | 0.18 | 0.41 |
| Short-term Investments | -- | -- | 0.04 | 0.09 | 0.12 | 0.07 | 0.22 | 0.24 | 0.10 |
| Total Current Assets | 0.12 | 0.15 | 0.18 | 0.22 | 0.25 | 0.35 | 0.40 | 0.44 | 0.53 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.02 |
| Total Assets | 0.13 | 0.15 | 0.18 | 0.22 | 0.26 | 0.35 | 0.40 | 0.45 | 0.54 |
| Accounts Payable | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 |
| Long-term Debt | 0.05 | 0.05 | 0.02 | 0.02 | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.05 | 0.05 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.08 | 0.08 | 0.05 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 |
| Retained Earnings | (1.28) | (1.24) | (1.12) | (1.07) | (1.02) | (0.89) | (0.82) | (0.76) | (0.59) |
| Total Stockholder Equity | 0.04 | 0.07 | 0.13 | 0.18 | 0.23 | 0.32 | 0.38 | 0.42 | 0.51 |
* 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 |
|---|
| Research & Development | 29.28 | 38.60 | 44.67 | 40.52 | 38.72 | 52.15 | 45.91 | 60.63 | 48.63 | 45.76 | 38.86 | 41.60 |
| Selling, General & Admin | 12.91 | 14.27 | 13.81 | 12.18 | 15.32 | 18.79 | 17.01 | 16.02 | 15.19 | 14.32 | 11.24 | 15.26 |
| Total Operating Expenses | 42.19 | 52.86 | 58.48 | 57.70 | 54.04 | 70.94 | 62.92 | 76.65 | 63.82 | 60.07 | 114.00 | 56.86 |
| Operating Income | (42.19) | (52.86) | (58.48) | (57.70) | (54.04) | (70.94) | (62.92) | (76.65) | (63.82) | (60.07) | (114.00) | (56.86) |
| Interest Expense | 1.43 | 1.44 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (43.08) | (53.43) | (59.45) | (56.75) | (52.71) | (67.89) | (58.82) | (72.49) | (58.57) | -- | -- | -- |
| Tax Provision | 0.00 | 0.03 | 0.00 | 0.00 | 0.03 | 0.11 | 0.00 | 0.05 | 0.13 | -- | -- | -- |
| Net Income | (43.08) | (53.46) | (59.45) | (56.75) | (52.73) | (67.99) | (58.82) | (72.55) | (58.70) | (53.72) | (108.73) | (53.03) |
| Basic EPS | (0.23) | (0.30) | (0.35) | (0.35) | (0.33) | (0.42) | (0.37) | (0.45) | (0.37) | (0.34) | (0.04) | (1.14) |
| Diluted EPS | (0.23) | (0.30) | (0.35) | (0.35) | (0.33) | (0.42) | (0.37) | (0.45) | (0.37) | (0.34) | (0.04) | (1.14) |
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 |
|---|
| Operating Cash Flow | (39.53) | (46.40) | (47.95) | (46.63) | (52.40) | (59.45) | (50.34) | (33.48) | (56.16) | (42.95) | (51.44) | (111.84) |
| Capital Expenditures | -- | -- | -- | 0.02 | -- | -- | -- | -- | 0.00 | 0.04 | 0.04 | 0.07 |
| Free Cash Flow* | -- | -- | -- | (46.65) | -- | -- | -- | -- | (56.16) | (42.99) | (51.49) | (111.91) |
| Investing Cash Flow | 0.00 | 0.07 | 42.65 | 51.32 | 30.40 | 44.16 | (98.80) | 156.99 | 21.26 | (150.00) | 13.68 | 50.71 |
| Financing Cash Flow | 9.29 | 10.88 | 58.77 | (0.14) | 18.46 | 0.00 | 15.57 | 1.53 | 2.65 | 1.85 | (0.48) | 232.42 |
* Derived from reported values
