Financial Statements — NVTS
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 | 557.41 | 221.01 | 150.55 | 161.19 | 75.13 | 98.61 | 112.00 | 129.68 | 176.70 | 177.75 | 100.82 | 124.79 | 240.50 | 253.80 | 0.01 | 0.16 | 1.55 |
| Accounts Receivable | 4.77 | 3.73 | 9.79 | 12.48 | 12.43 | 21.09 | 22.68 | 22.20 | 17.57 | 15.15 | 7.42 | 10.86 | 9.41 | 9.62 | -- | -- | -- |
| Inventory | 19.51 | 14.93 | 14.67 | 15.12 | 16.06 | 21.28 | 25.16 | 33.18 | 15.90 | 18.90 | 18.87 | 17.04 | 14.00 | 13.13 | -- | -- | -- |
| Total Current Assets | 602.39 | 246.25 | 178.84 | 192.87 | 108.30 | 145.15 | 164.58 | 191.08 | 214.69 | 216.09 | 130.00 | 156.08 | 266.25 | 279.54 | 0.32 | 0.42 | 1.74 |
| Property, Plant & Equipment | 8.57 | 9.12 | 14.37 | 14.52 | 14.71 | 13.06 | 13.26 | 11.77 | 8.39 | 7.26 | 6.84 | 5.72 | 4.27 | 2.47 | -- | -- | -- |
| Goodwill | 163.22 | 163.22 | 163.22 | 163.22 | 163.22 | 163.22 | 163.22 | 163.22 | 163.22 | 163.22 | 161.44 | 160.30 | 1.18 | -- | -- | -- | -- |
| Intangible Assets | 43.79 | 48.52 | 57.99 | 62.73 | 67.46 | 75.68 | 80.39 | 85.17 | 96.18 | 100.85 | 105.57 | 110.46 | 0.42 | 0.08 | -- | -- | -- |
| Total Non-current Assets* | 230.04 | 235.12 | 251.37 | 256.58 | 262.53 | 274.26 | 274.47 | 276.81 | 279.23 | 283.07 | 285.97 | 287.08 | 20.07 | 7.37 | 253.08 | 253.08 | 253.06 |
| Total Assets | 832.43 | 481.37 | 430.21 | 449.44 | 370.83 | 419.41 | 439.05 | 467.89 | 493.92 | 499.15 | 415.97 | 443.17 | 286.32 | 286.90 | 253.40 | 253.50 | 254.80 |
| Total Current Liabilities | 27.64 | 56.85 | 22.54 | 23.43 | 19.31 | 25.96 | 28.95 | 41.97 | 45.39 | 35.95 | 23.47 | 18.64 | 15.58 | 12.88 | 0.30 | 0.13 | 0.13 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.32 | 2.12 | 2.92 | -- | -- | -- |
| Total Non-current Liabilities* | 3.38 | 4.47 | 36.69 | 37.14 | 9.70 | 12.62 | 22.00 | 28.00 | 45.19 | 79.79 | 47.89 | 42.42 | 23.86 | 74.29 | 32.96 | 37.54 | 26.80 |
| Total Liabilities | 31.02 | 61.32 | 59.22 | 60.56 | 29.01 | 38.58 | 50.95 | 69.97 | 90.57 | 115.74 | 71.36 | 61.06 | 39.44 | 87.17 | 33.26 | 37.68 | 26.93 |
| Retained Earnings | (763.74) | (535.52) | (469.92) | (450.69) | (401.61) | (344.93) | (326.20) | (303.87) | (267.61) | (275.13) | (216.60) | (147.63) | (115.04) | (148.87) | (32.86) | (14.30) | (2.26) |
| Total Stockholder Equity* | 801.41 | 420.05 | 370.99 | 388.88 | 341.82 | 380.83 | 388.10 | 397.92 | 403.35 | 383.41 | 344.60 | 377.69 | 246.88 | 199.74 | (32.85) | 215.82 | 227.87 |
* 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 |
|---|
| Total Revenue | 10.53 | 8.60 | 7.30 | 10.11 | 14.49 | 14.02 | 17.98 | 21.68 | 20.47 | 23.18 | 26.06 | 21.98 | 18.06 | 13.36 | 12.35 | 10.24 | 8.61 | 6.74 | 7.34 | 5.63 |
| Cost of Revenue | 6.45 | 5.36 | 4.51 | 6.28 | 12.16 | 8.71 | 15.76 | 13.07 | 12.48 | 13.66 | 15.07 | 14.88 | 10.57 | 7.87 | 7.34 | 9.85 | 5.03 | 3.78 | 4.09 | -- |
| Gross Profit | 4.08 | 3.24 | 2.78 | 3.83 | 2.33 | 5.31 | 2.22 | 26.12 | 7.99 | 9.52 | 10.99 | 7.10 | 7.49 | 5.49 | 5.01 | 0.39 | 3.59 | 2.96 | 3.25 | -- |
| Research & Development | 13.15 | 14.57 | 12.39 | 13.28 | 11.50 | 12.67 | 18.97 | 17.83 | 18.97 | 20.23 | 18.09 | 16.55 | 16.79 | 17.39 | 13.96 | 13.34 | 9.61 | 13.41 | 11.50 | -- |
| Selling, General & Admin | 13.04 | 11.25 | 10.48 | 5.23 | 7.75 | 11.74 | 16.35 | 15.04 | 15.38 | 16.09 | 14.92 | 14.42 | 13.15 | 19.06 | 15.34 | 24.48 | 13.99 | 24.54 | 27.66 | 0.26 |
| Total Operating Expenses | 31.27 | 31.00 | 44.18 | 23.25 | 23.98 | 30.61 | 41.21 | 37.59 | 39.13 | 41.09 | 37.78 | 35.75 | 34.72 | 40.95 | 36.21 | 37.82 | 23.60 | 37.96 | 39.16 | -- |
| Operating Income | (27.19) | (27.77) | (41.39) | (19.41) | (21.65) | (25.30) | (38.99) | (28.97) | (31.14) | (31.57) | (26.79) | (28.65) | (27.22) | (35.47) | (31.20) | (37.43) | (20.01) | (34.99) | (66.63) | (0.26) |
| Pretax Income | (228.15) | (33.72) | (32.70) | (18.93) | (48.80) | (16.47) | -- | (18.60) | (22.27) | (3.61) | (33.08) | 7.54 | (58.62) | (62.30) | (20.86) | (42.96) | 34.11 | 79.80 | (119.84) | -- |
| Tax Provision | 0.07 | 0.07 | (0.06) | (0.02) | 0.05 | 0.08 | (0.60) | 0.13 | 0.06 | 0.07 | (0.50) | 0.02 | (0.10) | 0.06 | (12.95) | (10.13) | 0.27 | 0.00 | 0.01 | -- |
| Net Income | (228.22) | (33.78) | (31.81) | (19.23) | (49.07) | (16.83) | (39.86) | (18.73) | (22.33) | (3.68) | (32.58) | 7.52 | (58.53) | (61.85) | (7.13) | (32.59) | 33.84 | 79.79 | (146.42) | 4.32 |
| Basic EPS | (0.95) | (0.15) | (0.14) | (0.09) | (0.25) | (0.09) | (0.22) | (0.10) | (0.12) | (0.02) | (0.16) | 0.04 | (0.35) | (0.39) | (0.15) | (0.24) | 0.27 | 0.67 | (2.27) | -- |
| Diluted EPS | (0.95) | (0.15) | (0.14) | (0.09) | (0.25) | (0.09) | (0.22) | (0.10) | (0.12) | (0.02) | (0.16) | 0.04 | (0.35) | (0.39) | (0.12) | (0.24) | 0.26 | 0.61 | (2.27) | -- |
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 | (31.99) | (16.36) | (8.11) | (10.02) | (11.23) | (13.53) | (10.19) | (13.72) | (15.12) | (19.78) | (22.66) | (0.24) | (9.28) | (7.92) | (8.96) | (17.15) | (7.78) | (10.60) | (39.85) | (0.15) |
| Capital Expenditures | 0.23 | 0.39 | 0.05 | 0.71 | 0.68 | 0.04 | 0.56 | 0.57 | 2.74 | 2.90 | 1.37 | 1.71 | 0.89 | 0.82 | 1.16 | 1.18 | 2.01 | 0.29 | -- | -- |
| Free Cash Flow* | (32.21) | (16.75) | (8.16) | (10.73) | (11.91) | (13.57) | (10.75) | (14.29) | (17.87) | (22.68) | (24.03) | (1.95) | (10.17) | (8.73) | (10.12) | (18.33) | (9.79) | (10.89) | -- | -- |
| Investing Cash Flow | (1.65) | (0.39) | -0.00 | (0.71) | (0.63) | (0.04) | (0.56) | (0.57) | (2.74) | (5.40) | (1.37) | (1.71) | (0.89) | (1.81) | (1.16) | (98.39) | (5.07) | (2.99) | -- | -- |
| Financing Cash Flow | 368.54 | 1.52 | 95.49 | 0.61 | 97.59 | 0.95 | 0.38 | 0.91 | 0.18 | 2.02 | 0.17 | 0.90 | 87.09 | 0.22 | (4.33) | (0.17) | (0.45) | (0.86) | 274.58 | -0.00 |
* Derived from reported values
