Financial Statements — OCGN
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 | 100.05 | 31.90 | 32.88 | 27.33 | 37.80 | 39.00 | 15.70 | 26.38 | 53.48 | 70.58 | 68.26 | 101.60 | 115.01 | 129.77 | 107.35 | 115.64 | 44.79 |
| Total Current Assets | 106.72 | 38.55 | 37.64 | 32.88 | 43.96 | 40.67 | 18.62 | 30.00 | 56.56 | 73.45 | 84.40 | 107.50 | 122.57 | 138.03 | 113.45 | 121.63 | 51.36 |
| Property, Plant & Equipment | 13.35 | 13.83 | 14.95 | 15.45 | 15.99 | 17.13 | 17.47 | 17.65 | 14.47 | 11.72 | 7.95 | 4.52 | 3.15 | 1.92 | 1.05 | 0.94 | 0.76 |
| Total Non-current Assets* | 17.49 | 18.35 | 19.96 | 20.71 | 20.50 | 21.26 | 21.93 | 21.80 | 18.13 | 15.52 | 11.90 | 8.74 | 7.52 | 3.70 | 2.86 | 2.63 | 2.49 |
| Total Assets | 124.21 | 56.91 | 57.60 | 53.59 | 64.46 | 61.94 | 40.54 | 51.79 | 74.69 | 88.98 | 96.30 | 116.24 | 130.09 | 141.73 | 116.31 | 124.25 | 53.85 |
| Accounts Payable | 5.14 | 3.24 | 4.57 | 4.24 | 3.22 | 1.49 | 3.39 | 1.73 | 2.92 | 3.88 | 8.09 | 6.46 | 5.92 | 3.90 | 2.10 | 0.80 | 1.04 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.37 |
| Total Current Liabilities | 133.08 | 20.71 | 20.36 | 17.99 | 16.89 | 15.76 | 17.97 | 16.05 | 11.14 | 13.46 | 15.68 | 14.91 | 10.34 | 7.69 | 6.23 | 4.84 | 4.28 |
| Long-term Debt | 1.73 | 24.19 | 28.40 | 28.03 | 27.67 | 1.57 | 1.55 | 1.53 | 1.50 | 1.47 | 1.06 | 2.27 | 1.75 | 1.73 | 1.69 | 1.67 | 2.08 |
| Total Non-current Liabilities | 7.68 | 30.39 | 33.70 | 32.55 | 31.66 | 5.54 | 5.64 | 5.48 | 5.16 | 5.24 | 4.82 | 6.03 | 5.64 | 2.91 | 2.97 | 3.00 | 3.08 |
| Total Liabilities | 140.76 | 51.10 | 54.06 | 50.54 | 48.55 | 21.31 | 23.62 | 21.53 | 16.29 | 18.70 | 20.50 | 20.94 | 15.98 | 10.60 | 9.20 | 7.84 | 7.36 |
| Retained Earnings | (452.12) | (427.24) | (390.36) | (370.31) | (355.57) | (326.34) | (313.37) | (298.09) | (266.60) | (252.44) | (229.52) | (191.08) | (169.16) | (149.69) | (117.09) | (106.33) | (80.38) |
| Total Stockholder Equity | (16.56) | 5.81 | 3.53 | 3.05 | 15.91 | 40.63 | 16.93 | 30.26 | 58.40 | 70.28 | 75.80 | 95.30 | 114.11 | 131.13 | 107.11 | 116.41 | 46.49 |
* 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 | 1.49 | 1.53 | (0.19) | 1.75 | 1.37 | 1.48 | 0.76 | 1.14 | 1.14 | 1.01 | 1.41 | 3.70 | 0.49 | 0.44 | -- | -- | -- | -- | 0.00 | 0.00 |
| Research & Development | 10.69 | 11.26 | 10.67 | 11.15 | 8.40 | 9.53 | 8.29 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 7.24 | 8.12 | 6.13 | 8.23 | 6.77 | 6.45 | 6.31 | 6.28 | 7.69 | 6.40 | 5.16 | 9.08 | 9.56 | 8.19 | 6.94 | 7.50 | 10.56 | 10.12 | 7.47 | 4.51 |
| Total Operating Expenses | 17.93 | 19.37 | 16.80 | 19.38 | 15.17 | 15.98 | 14.60 | 14.39 | 16.59 | 13.23 | 14.66 | 15.42 | 23.73 | 17.75 | 24.15 | 23.12 | 19.57 | 18.03 | 14.57 | 10.79 |
| Operating Income | (16.44) | (17.84) | (16.99) | (17.62) | (13.79) | (14.50) | (13.84) | (13.25) | (15.45) | (12.22) | (8.62) | (15.42) | (23.73) | (17.75) | (24.15) | (23.12) | (19.57) | (18.03) | (14.57) | (10.79) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.02 | 0.02 |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (21.94) | (21.92) | -- | -- | (14.58) | (10.81) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- | -- | 0.00 | (0.05) |
| Net Income | (24.88) | (19.18) | (17.71) | (20.05) | (14.74) | (15.35) | (13.88) | (12.97) | (15.28) | (11.92) | (9.49) | (14.16) | (22.92) | (16.50) | (21.94) | (21.92) | (19.47) | (18.02) | (14.58) | (10.75) |
| Basic EPS | (0.07) | (0.06) | -- | -- | -- | -- | -- | -- | (0.04) | (0.05) | (0.03) | (0.06) | (0.10) | (0.07) | (0.10) | (0.10) | (0.09) | (0.09) | (0.07) | (0.05) |
| Diluted EPS | (0.07) | (0.06) | -- | -- | -- | -- | -- | -- | (0.04) | (0.05) | (0.03) | (0.06) | (0.10) | (0.07) | (0.10) | (0.10) | (0.09) | (0.09) | (0.07) | (0.05) |
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 | (12.20) | (21.79) | (13.96) | (12.92) | (10.73) | (19.36) | (10.36) | (11.27) | (9.91) | (10.59) | (11.30) | (13.71) | (18.81) | (18.24) | (16.91) | (14.30) | (13.80) | (15.07) | (12.80) | (8.05) |
| Capital Expenditures | 0.02 | 0.01 | 0.04 | 0.09 | 0.04 | 0.02 | 0.01 | 0.51 | 0.51 | 2.35 | 2.72 | 3.37 | 2.78 | 1.61 | 2.02 | 0.84 | 1.37 | 0.22 | 0.19 | 0.22 |
| Free Cash Flow* | (12.22) | (21.80) | (14.00) | (13.01) | (10.77) | (19.37) | (10.38) | (11.78) | (10.42) | (12.95) | (14.02) | (17.07) | (21.58) | (19.85) | (18.94) | (15.15) | (15.16) | (15.29) | (13.00) | (8.28) |
| Investing Cash Flow | (0.02) | (0.01) | (0.04) | (0.09) | (0.09) | (0.10) | (0.01) | (0.51) | (0.51) | (2.35) | (2.72) | (3.36) | 5.72 | 3.44 | (15.29) | (0.08) | (1.37) | (0.22) | (0.19) | (0.35) |
| Financing Cash Flow | 80.37 | 34.98 | 0.00 | 18.51 | 0.06 | (1.25) | 30.17 | 34.79 | 0.05 | (0.14) | 0.02 | (0.04) | 15.40 | 5.50 | 8.18 | 0.96 | 0.24 | 50.10 | 0.61 | 0.11 |
* Derived from reported values
