Financial Statements — OCUL
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 | 0.60 | 0.67 | 0.34 | 0.39 | 0.35 | 0.43 | 0.46 | 0.48 | 0.11 | 0.07 | 0.08 | 0.12 | 0.13 | 0.15 | 0.18 | 0.19 | 0.21 |
| Accounts Receivable | 0.03 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Inventory | 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 | 0.00 |
| Total Current Assets | 0.64 | 0.71 | 0.39 | 0.43 | 0.39 | 0.47 | 0.50 | 0.52 | 0.14 | 0.10 | 0.11 | 0.15 | 0.16 | 0.17 | 0.20 | 0.22 | 0.23 |
| Property, Plant & Equipment | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets* | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Assets | 0.67 | 0.73 | 0.41 | 0.45 | 0.41 | 0.49 | 0.52 | 0.54 | 0.16 | 0.12 | 0.13 | 0.16 | 0.17 | 0.19 | 0.22 | 0.23 | 0.24 |
| Accounts Payable | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 |
| Total Non-current Liabilities* | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.12 | 0.09 | 0.09 | 0.08 | 0.08 | 0.08 | 0.11 | 0.13 | 0.13 |
| Total Liabilities | 0.15 | 0.15 | 0.15 | 0.15 | 0.14 | 0.14 | 0.14 | 0.13 | 0.15 | 0.12 | 0.12 | 0.11 | 0.11 | 0.11 | 0.13 | 0.15 | 0.16 |
| Retained Earnings | (1.32) | (1.25) | (1.09) | (1.02) | (0.96) | (0.84) | (0.81) | (0.76) | (0.67) | (0.67) | (0.65) | (0.60) | (0.58) | (0.56) | (0.54) | (0.54) | (0.54) |
| Total Stockholder Equity | 0.52 | 0.58 | 0.26 | 0.31 | 0.27 | 0.35 | 0.38 | 0.41 | 0.01 | 0.00 | 0.01 | 0.05 | 0.07 | 0.08 | 0.09 | 0.08 | 0.08 |
* 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 | 13.48 | 10.79 | 13.25 | 14.54 | 13.46 | 10.70 | 17.08 | 15.43 | 16.44 | 14.77 | 14.80 | 15.08 | 15.19 | 13.37 | 14.08 | 11.97 | 12.27 | 13.19 | 12.31 | 12.15 |
| Cost of Revenue | 2.01 | 1.33 | 1.59 | 1.77 | 1.94 | 1.26 | 1.23 | 1.56 | 1.51 | 1.33 | 1.39 | 1.38 | 1.30 | 1.21 | 1.01 | 1.07 | 1.16 | 1.30 | 1.11 | 1.31 |
| Gross Profit | 11.46 | 9.46 | 11.66 | 12.77 | 11.52 | 9.44 | 15.85 | 13.86 | 14.93 | 13.45 | 13.42 | 13.70 | 13.88 | 12.16 | 13.06 | 10.89 | 11.11 | 11.89 | 11.20 | 10.84 |
| Research & Development | 54.14 | 66.21 | 50.80 | 52.36 | 51.08 | 42.86 | 40.99 | 37.05 | 28.86 | 20.74 | 16.20 | 15.02 | 15.09 | 14.75 | 13.54 | 13.72 | 13.10 | 13.10 | 12.58 | 12.72 |
| Selling, General & Admin | 22.16 | 20.01 | 17.66 | 16.02 | 14.35 | 16.35 | 14.60 | 12.24 | 19.67 | 14.15 | 8.02 | 8.58 | 8.21 | 9.13 | 8.35 | 8.53 | 7.79 | 7.56 | 7.54 | 8.08 |
| Total Operating Expenses | 93.57 | 102.80 | 81.42 | 81.47 | 79.16 | 73.35 | 66.43 | 59.86 | 58.52 | 45.07 | 33.47 | 32.92 | 34.45 | 34.71 | 32.42 | 32.44 | 31.03 | 29.72 | 29.25 | 30.37 |
| Operating Income | (82.11) | (93.34) | (69.76) | (68.70) | (67.64) | (63.92) | (50.58) | (46.00) | (43.59) | (31.62) | (20.05) | (19.21) | (20.57) | (22.55) | (19.36) | (21.54) | (19.92) | (17.83) | (18.05) | (19.53) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4.05 | 4.15 | 3.43 | 1.99 | 1.77 | 1.85 | 1.80 | 1.70 | 1.68 | 1.68 | 1.66 |
| Net Income | (78.76) | (88.61) | (64.65) | (69.42) | (67.81) | (64.05) | (48.39) | (36.49) | (43.78) | (64.85) | (29.22) | (0.52) | (20.68) | (30.32) | (15.54) | (24.19) | (18.77) | (12.54) | (3.85) | 2.66 |
| Basic EPS | (0.35) | (0.40) | (0.27) | (0.38) | (0.39) | (0.38) | (0.25) | (0.22) | (0.26) | (0.49) | (0.35) | (0.01) | (0.26) | (0.39) | (0.21) | (0.31) | (0.24) | (0.16) | (0.05) | 0.03 |
| Diluted EPS | (0.35) | (0.40) | (0.27) | (0.38) | (0.39) | (0.38) | (0.25) | (0.22) | (0.26) | (0.49) | (0.12) | (0.25) | (0.26) | (0.39) | (0.19) | (0.31) | (0.25) | (0.22) | (0.26) | (0.23) |
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 | (67.27) | (65.99) | (54.25) | (50.72) | (55.24) | (44.67) | (39.43) | (36.56) | (24.80) | (33.89) | (22.45) | (7.73) | (20.07) | (19.97) | (16.96) | (13.17) | (10.88) | (18.60) | (15.15) | (12.98) |
| Capital Expenditures | 3.37 | 4.66 | 2.84 | 5.99 | 1.25 | 1.93 | 0.20 | 0.09 | 0.74 | 0.26 | 0.46 | 0.26 | 1.99 | 3.38 | 2.15 | 0.79 | 0.50 | 0.28 | 0.63 | 0.28 |
| Free Cash Flow* | (70.64) | (70.65) | (57.09) | (56.72) | (56.48) | (46.60) | (39.63) | (36.65) | (25.54) | (34.14) | (22.91) | (7.99) | (22.06) | (23.35) | (19.11) | (13.96) | (11.37) | (18.88) | (15.78) | (13.26) |
| Investing Cash Flow | (3.37) | (4.66) | (2.84) | (5.99) | (1.11) | (1.93) | (0.20) | (0.09) | (0.74) | (0.25) | (0.46) | (0.26) | (1.99) | (3.38) | (2.15) | (0.79) | (0.49) | (0.28) | (0.63) | (0.28) |
| Financing Cash Flow | 2.58 | 0.29 | 449.38 | 10.36 | 97.81 | 4.18 | 4.51 | 4.18 | 2.20 | 321.22 | 108.17 | 51.94 | 9.65 | 0.08 | 0.46 | 0.37 | 0.49 | 0.13 | 0.67 | 0.68 |
* Derived from reported values
