Financial Statements — NXTC
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 | 15.26 | 15.17 | 7.32 | 4.89 | 21.83 | 27.70 | 20.85 | 18.36 | 19.52 | 22.02 | 29.97 | 31.05 | 28.16 | 10.65 | 36.66 | 34.90 | 36.53 |
| Total Current Assets | 22.26 | 31.74 | 32.64 | 40.02 | 58.90 | 78.69 | 90.46 | 102.55 | 122.68 | 135.30 | 148.92 | 175.32 | 192.95 | 208.93 | 243.04 | 258.63 | 273.05 |
| Property, Plant & Equipment | 0.28 | 2.99 | 3.64 | 4.17 | 4.80 | 6.17 | 6.70 | 7.10 | 9.84 | 10.51 | 11.19 | 12.13 | 12.62 | 13.24 | 14.21 | 14.71 | 15.47 |
| Total Non-current Assets* | 0.37 | 6.24 | 6.97 | 7.67 | 8.24 | 11.65 | 12.13 | 12.61 | 17.26 | 18.08 | 18.87 | 14.59 | 13.42 | 13.81 | 14.79 | 16.73 | 17.91 |
| Total Assets | 22.62 | 37.98 | 39.61 | 47.69 | 67.14 | 90.35 | 102.59 | 115.16 | 139.94 | 153.38 | 167.79 | 189.91 | 206.37 | 222.75 | 257.83 | 275.36 | 290.96 |
| Accounts Payable | 2.58 | 3.07 | 2.39 | 2.54 | 2.74 | 3.61 | 5.08 | 4.49 | 2.60 | 2.81 | 1.92 | 1.85 | 2.27 | 2.80 | 2.95 | 1.35 | 2.02 |
| Total Current Liabilities | 6.41 | 6.89 | 11.00 | 10.78 | 5.74 | 8.67 | 10.83 | 9.58 | 6.55 | 7.82 | 6.27 | 5.89 | 5.70 | 6.42 | 7.38 | 8.57 | 8.19 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.97 | 1.39 |
| Total Non-current Liabilities* | 4.06 | 4.37 | 4.97 | 5.26 | 5.54 | 6.08 | 6.32 | 6.53 | 6.94 | 7.13 | 7.32 | 2.48 | 2.48 | 2.39 | 2.22 | 3.20 | 3.61 |
| Total Liabilities | 10.47 | 11.26 | 15.97 | 16.04 | 11.28 | 14.75 | 17.15 | 16.11 | 13.49 | 14.95 | 13.59 | 8.37 | 8.17 | 8.81 | 9.60 | 11.76 | 11.80 |
| Retained Earnings | (460.67) | (445.78) | (426.54) | (417.92) | (391.11) | (368.53) | (356.99) | (341.59) | (310.01) | (295.71) | (277.85) | (244.46) | (225.55) | (207.63) | (170.09) | (152.16) | (134.17) |
| Total Stockholder Equity | 12.15 | 26.72 | 23.65 | 29.65 | 55.86 | 75.59 | 85.44 | 99.05 | 126.45 | 138.43 | 154.20 | 181.54 | 198.20 | 213.94 | 248.23 | 263.60 | 279.16 |
* 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Research & Development | 7.43 | 6.83 | 6.80 | 6.14 | 24.09 | 7.90 | 8.90 | 8.77 | 12.42 | 11.40 | 11.83 | 11.01 | 13.45 | 11.65 | 12.82 | 13.53 | 12.83 | 15.02 | 12.26 | 13.60 |
| Selling, General & Admin | 2.59 | 3.27 | 2.96 | 2.81 | 3.20 | 3.73 | 3.55 | 3.73 | 4.08 | 4.36 | 3.96 | 4.61 | 5.71 | 5.42 | 4.95 | 5.71 | 5.30 | 5.75 | 4.81 | 4.91 |
| Total Operating Expenses | 15.09 | 10.11 | 9.76 | 8.95 | 27.29 | 11.62 | 12.46 | 12.50 | 16.49 | 18.30 | 15.79 | 15.62 | 19.16 | 17.07 | 17.77 | 19.24 | 18.13 | 20.77 | 17.07 | 18.51 |
| Operating Income | (15.09) | (10.10) | (9.76) | (8.94) | (27.29) | (11.62) | (12.45) | (12.49) | (16.49) | (18.30) | (15.79) | (15.62) | (19.16) | (17.07) | (17.77) | (19.24) | (18.13) | (20.77) | (17.07) | (18.51) |
| Pretax Income* | (14.89) | (9.80) | (9.44) | (8.62) | (26.81) | (10.98) | -- | (11.54) | (15.40) | (17.11) | -- | (14.30) | (17.86) | (16.10) | -- | (18.91) | (17.92) | (20.60) | -- | (17.93) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Net Income | (14.89) | (9.80) | (9.44) | (8.62) | (26.81) | (10.98) | (11.60) | (11.54) | (15.40) | (17.11) | (14.47) | (14.30) | (17.86) | (16.10) | (17.30) | (18.91) | (17.92) | (20.60) | (16.94) | (17.93) |
| Basic EPS | (2.80) | (1.87) | (4.75) | (3.22) | (11.29) | (0.39) | (0.42) | (0.41) | (0.55) | (0.61) | (0.52) | (0.51) | (0.64) | (0.58) | (0.62) | (0.68) | (0.65) | (0.74) | (0.61) | (0.65) |
| Diluted EPS | (2.80) | (1.87) | (4.75) | (3.22) | (11.29) | (0.39) | (0.42) | (0.41) | (0.55) | (0.61) | (0.52) | (0.51) | (0.64) | (0.58) | (0.62) | (0.68) | (0.65) | (0.74) | (0.61) | (0.65) |
* Derived from reported values
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 | (9.71) | (13.36) | (7.64) | (6.27) | (22.71) | (12.99) | (6.97) | (11.45) | (9.78) | (12.61) | (10.67) | (12.78) | (14.75) | (14.78) | (8.95) | (15.00) | (14.49) | (15.45) | (13.45) | (12.66) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | (0.03) | 0.17 | 0.30 | 0.04 | 0.01 | 0.28 | 0.28 | 0.25 | 0.87 | 0.53 | 0.41 | 0.31 | 0.83 | 0.56 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (6.93) | (11.62) | (10.08) | (12.64) | (10.68) | (13.06) | (15.03) | (15.03) | (9.81) | (15.53) | (14.90) | (15.75) | (14.27) | (13.22) |
| Investing Cash Flow | 9.79 | 1.30 | 6.00 | 8.70 | 3.76 | 7.09 | 6.96 | 18.31 | 12.16 | 17.88 | 4.16 | 10.28 | 6.71 | 18.12 | 4.47 | 17.89 | 31.92 | 13.70 | (11.00) | 14.41 |
| Financing Cash Flow | 0.02 | 1.25 | 20.29 | 0.00 | 2.02 | -- | 0.04 | 0.00 | 0.11 | 0.00 | 0.07 | 0.00 | 0.08 | -- | 0.06 | 0.00 | 0.08 | 0.06 | 0.12 | (2.63) |
* Derived from reported values