Financial Statements — NVCR
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 | 0.09 | 0.09 | 0.34 | 0.15 | 0.13 | 0.19 | 0.16 | 0.45 | 0.15 | 0.16 | 0.19 | 0.24 | 0.37 | 0.19 | 0.69 | 0.35 | 0.31 |
| Accounts Receivable | 0.10 | 0.09 | 0.09 | 0.09 | 0.08 | 0.07 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.09 | 0.10 | 0.10 | 0.09 | 0.09 | 0.09 |
| Inventory | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.03 |
| Total Current Assets | 0.64 | 0.63 | 1.20 | 1.08 | 1.09 | 1.10 | 1.09 | 1.00 | 1.05 | 1.07 | 1.09 | 1.10 | 1.09 | 1.08 | 1.07 | 1.05 | 1.02 |
| Property, Plant & Equipment | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets | 0.16 | 0.16 | 0.16 | 0.16 | 0.16 | 0.13 | 0.12 | 0.12 | 0.10 | 0.09 | 0.09 | 0.07 | 0.07 | 0.07 | 0.05 | 0.05 | 0.05 |
| Total Assets | 0.80 | 0.79 | 1.36 | 1.25 | 1.25 | 1.22 | 1.21 | 1.12 | 1.15 | 1.16 | 1.17 | 1.17 | 1.16 | 1.15 | 1.12 | 1.10 | 1.07 |
| Total Current Liabilities | 0.22 | 0.22 | 0.78 | 0.75 | 0.74 | 0.74 | 0.17 | 0.16 | 0.16 | 0.15 | 0.15 | 0.14 | 0.14 | 0.13 | 0.12 | 0.12 | 0.11 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | 0.57 | 0.57 | 0.57 | 0.57 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 | 0.56 |
| Total Non-current Liabilities | 0.24 | 0.24 | 0.24 | 0.15 | 0.14 | 0.13 | 0.68 | 0.60 | 0.60 | 0.59 | 0.59 | 0.59 | 0.59 | 0.59 | 0.58 | 0.58 | 0.59 |
| Total Liabilities | 0.46 | 0.46 | 1.02 | 0.90 | 0.89 | 0.86 | 0.85 | 0.76 | 0.75 | 0.74 | 0.74 | 0.73 | 0.72 | 0.71 | 0.71 | 0.70 | 0.70 |
| Retained Earnings | (1.38) | (1.36) | (1.27) | (1.23) | (1.19) | (1.09) | (1.06) | (1.02) | (0.94) | (0.89) | (0.83) | (0.74) | (0.71) | (0.69) | (0.66) | (0.65) | (0.63) |
| Total Stockholder Equity | 0.34 | 0.33 | 0.34 | 0.35 | 0.36 | 0.36 | 0.36 | 0.36 | 0.39 | 0.42 | 0.43 | 0.45 | 0.44 | 0.44 | 0.41 | 0.40 | 0.37 |
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 | 183.58 | 174.06 | 174.35 | 167.20 | 158.81 | 154.99 | 161.27 | 155.10 | 150.36 | 138.50 | 133.78 | 127.32 | 126.05 | 122.18 | 128.43 | 131.00 | 140.87 | 137.55 | 133.21 | 133.61 |
| Cost of Revenue | 41.11 | 38.93 | 42.16 | 44.73 | 41.47 | 38.52 | 33.47 | 35.37 | 34.65 | 33.69 | 32.56 | 32.09 | 34.02 | 29.61 | 28.89 | 29.75 | 28.50 | 27.73 | 29.69 | 30.21 |
| Gross Profit | 142.48 | 135.13 | 132.19 | 122.48 | 117.33 | 116.47 | 127.80 | 119.72 | 115.70 | 104.81 | 101.23 | 95.23 | 92.03 | 92.57 | 99.54 | 101.25 | 112.36 | 109.82 | 103.53 | 103.40 |
| Research & Development | 51.45 | 58.34 | 60.91 | 54.03 | 55.83 | 53.78 | 51.21 | 51.88 | 54.96 | 51.60 | 54.31 | 53.62 | 55.43 | 59.70 | 54.82 | 51.96 | 57.08 | 42.23 | 56.93 | 48.14 |
| Selling, General & Admin | 39.91 | 85.85 | 43.02 | 45.92 | 43.96 | 44.77 | 72.48 | 40.10 | 37.71 | 39.53 | 39.45 | 41.89 | 40.78 | 41.94 | 38.07 | 32.51 | 31.67 | 30.51 | 31.01 | 31.23 |
| Total Operating Expenses | 153.04 | 202.55 | 172.59 | 158.50 | 156.85 | 154.34 | 191.10 | 151.82 | 149.28 | 146.33 | 152.94 | 153.47 | 154.69 | 152.82 | 142.52 | 125.86 | 133.49 | 110.63 | 126.92 | 111.95 |
| Operating Income | (10.56) | (67.42) | (40.39) | (36.02) | (39.52) | (37.86) | (63.30) | (32.09) | (33.58) | (41.52) | (51.72) | (58.24) | (62.66) | (60.25) | (42.98) | (24.61) | (21.13) | (0.81) | (23.40) | (8.55) |
| Pretax Income | (12.45) | (69.26) | (40.95) | (30.02) | (34.98) | (30.29) | (55.21) | (21.58) | (22.73) | (31.64) | (38.53) | (48.22) | (53.90) | (51.08) | (32.56) | (23.42) | (23.36) | (2.51) | (25.57) | (10.53) |
| Tax Provision | 3.21 | 1.88 | (16.45) | 7.25 | 5.16 | 4.02 | 10.72 | 8.99 | 10.65 | 7.12 | 8.55 | 1.26 | 3.51 | 1.98 | 4.75 | 3.16 | 0.65 | 2.13 | 0.89 | 2.59 |
| Net Income | (15.66) | (71.14) | (24.50) | (37.27) | (40.14) | (34.32) | (65.92) | (30.57) | (33.37) | (38.76) | (47.08) | (49.48) | (57.42) | (53.06) | (37.30) | (26.58) | (24.01) | (4.65) | (26.46) | (13.12) |
| Basic EPS | (0.13) | (0.62) | (0.22) | (0.33) | (0.36) | (0.31) | (0.61) | (0.28) | (0.31) | (0.36) | (0.45) | (0.46) | (0.54) | (0.50) | (0.36) | (0.25) | (0.23) | (0.04) | (0.25) | (0.13) |
| Diluted EPS | (0.13) | (0.62) | (0.22) | (0.33) | (0.36) | (0.31) | (0.61) | (0.28) | (0.31) | (0.36) | (0.45) | (0.46) | (0.54) | (0.50) | (0.36) | (0.25) | (0.23) | (0.04) | (0.25) | (0.13) |
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 | 8.13 | (13.52) | (18.00) | 20.57 | (15.94) | (35.66) | (3.45) | 10.38 | (1.72) | (31.57) | (14.56) | (19.31) | (22.74) | (16.73) | (3.71) | 22.42 | 15.76 | (3.69) | 14.40 | 24.40 |
| Capital Expenditures | 6.92 | 5.15 | 4.90 | 5.66 | 5.49 | 10.61 | 8.94 | 10.68 | 11.45 | 11.78 | 6.82 | 7.25 | 6.93 | 6.09 | 6.43 | 5.70 | 4.13 | 5.09 | 14.27 | 3.30 |
| Free Cash Flow* | 1.22 | (18.67) | (22.90) | 14.92 | (21.42) | (46.28) | (12.39) | (0.31) | (13.17) | (43.36) | (21.38) | (26.57) | (29.67) | (22.81) | (10.14) | 16.72 | 11.63 | (8.78) | 0.13 | 21.10 |
| Investing Cash Flow | (6.38) | 7.75 | 336.33 | 71.44 | 35.99 | (6.47) | (22.21) | 10.19 | (374.44) | 246.22 | 98.50 | 17.26 | (13.90) | 82.29 | (128.06) | (150.24) | 155.76 | (17.41) | (499.09) | 302.70 |
| Financing Cash Flow | 4.55 | (0.17) | (559.49) | 100.52 | 2.39 | 5.25 | 2.69 | 0.10 | 87.32 | 0.21 | 1.91 | 1.17 | 7.50 | 5.20 | 3.41 | 4.20 | 4.74 | 3.14 | 3.65 | 3.04 |
* Derived from reported values
