Financial Statements — OVID
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 | 11.33 | 94.06 | 20.61 | 28.42 | 21.14 | 15.02 | 29.69 | 30.77 | 57.44 | 71.62 | 63.05 | 58.26 | 72.81 | 166.67 | 201.78 | 212.17 | 233.05 |
| Total Current Assets | 123.62 | 160.15 | 28.82 | 42.09 | 45.92 | 65.83 | 80.89 | 93.17 | 91.71 | 102.17 | 119.52 | 140.50 | 156.08 | 170.09 | 205.06 | 215.87 | 236.66 |
| Property, Plant & Equipment | 0.20 | 0.22 | 0.27 | 0.28 | 0.35 | 0.51 | 0.62 | 0.69 | 0.86 | 0.96 | 1.05 | 1.16 | 1.24 | 0.26 | 0.10 | 0.11 | 0.13 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 | 0.16 | 0.22 | 0.15 | 0.22 | 0.26 | 0.19 | 0.28 | 0.33 | 0.24 | 0.20 | 0.23 | 0.26 |
| Total Non-current Assets* | 108.36 | 65.48 | 35.02 | 35.34 | 35.73 | 36.83 | 37.20 | 38.44 | 33.32 | 34.06 | 23.85 | 24.53 | 21.25 | 21.01 | 2.03 | 2.13 | 0.79 |
| Total Assets | 231.97 | 225.63 | 63.85 | 77.43 | 81.65 | 102.65 | 118.09 | 131.61 | 125.03 | 136.23 | 143.37 | 165.03 | 177.33 | 191.10 | 207.09 | 218.00 | 237.46 |
| Accounts Payable | 4.07 | 8.88 | 1.71 | 3.95 | 1.95 | 2.71 | 4.72 | 3.60 | 1.22 | 3.76 | 1.83 | 1.03 | 4.62 | 2.26 | 3.14 | 0.91 | 3.15 |
| Total Current Liabilities | 9.98 | 15.75 | 6.80 | 8.92 | 9.31 | 11.63 | 14.12 | 8.90 | 8.66 | 10.14 | 6.72 | -- | -- | -- | 10.06 | 11.29 | 16.35 |
| Total Non-current Liabilities* | 12.10 | 11.61 | 12.35 | 12.72 | 13.07 | 14.73 | 15.07 | 44.43 | 15.07 | 15.39 | 15.70 | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 22.08 | 27.36 | 19.15 | 21.64 | 22.38 | 26.36 | 29.19 | 53.33 | 23.74 | 25.53 | 22.42 | 22.98 | 25.18 | 26.10 | 10.06 | 11.29 | 16.35 |
| Retained Earnings | (353.71) | (338.70) | (331.38) | (319.22) | (314.53) | (295.04) | (281.04) | (289.56) | (262.54) | (251.29) | (238.88) | (214.02) | (202.05) | (187.47) | (145.36) | (133.97) | (118.18) |
| Total Stockholder Equity | 209.89 | 198.27 | 44.70 | 55.79 | 59.28 | 76.29 | 88.90 | 78.28 | 101.29 | 110.70 | 120.95 | 142.05 | 152.15 | 165.00 | 197.02 | 206.71 | 221.11 |
* 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 | 0.73 | 0.00 | 0.72 | 0.13 | 6.27 | 0.13 | 0.08 | 0.17 | 0.17 | 0.15 | 0.14 | 0.11 | 0.08 | 0.07 | 0.05 | 0.01 | 0.00 | 1.45 | 0.00 | 208.38 |
| Research & Development | 9.96 | 11.18 | 6.59 | 5.87 | 6.47 | 6.66 | 5.93 | 7.86 | 12.58 | 10.40 | 10.64 | 5.33 | 6.00 | 6.61 | 5.56 | 5.18 | 6.05 | 7.83 | 18.09 | 4.92 |
| Selling, General & Admin | 6.47 | 6.67 | 6.42 | 6.79 | 4.88 | 6.02 | 4.87 | 5.54 | 8.10 | 7.17 | 7.69 | 6.81 | 8.25 | 8.34 | 6.66 | 7.63 | 8.26 | 9.88 | 8.26 | 6.76 |
| Total Operating Expenses | 16.43 | 17.85 | 13.01 | 12.66 | 11.35 | 12.68 | 10.80 | 13.40 | 20.69 | 17.57 | 18.33 | 12.14 | 14.25 | 14.96 | 12.22 | 12.81 | 14.30 | 17.71 | 26.35 | 11.68 |
| Operating Income | (15.70) | (17.85) | (12.29) | (12.52) | (5.07) | (12.55) | (10.72) | (13.23) | (20.52) | (17.42) | (18.19) | (12.03) | (14.17) | (14.89) | (12.17) | (12.80) | (14.30) | (16.27) | (26.35) | (11.68) |
| Pretax Income | (15.01) | (16.99) | 9.66 | (12.16) | (4.68) | (10.23) | (9.25) | (14.01) | 8.52 | (11.69) | (15.32) | (11.25) | (12.41) | (13.36) | (11.55) | (11.97) | (14.59) | (16.06) | (26.35) | (11.68) |
| 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 | (0.05) | 0.00 | 0.00 | 0.05 | (0.35) | (0.29) |
| Net Income | (15.01) | (16.99) | 9.66 | (12.16) | (4.68) | (10.23) | (9.25) | (14.01) | 8.52 | (11.69) | (15.32) | (11.25) | (12.41) | (13.36) | (11.50) | (11.97) | (14.59) | (16.11) | (26.00) | (11.38) |
| Basic EPS | -- | -- | -- | -- | -- | -- | -- | (0.20) | 0.12 | (0.17) | (0.21) | (0.16) | (0.18) | (0.19) | (0.16) | (0.17) | (0.21) | (0.23) | (0.37) | (0.17) |
| Diluted EPS | -- | -- | -- | -- | -- | -- | -- | (0.20) | 0.12 | (0.17) | (0.21) | (0.16) | (0.18) | (0.19) | (0.16) | (0.17) | (0.21) | (0.23) | (0.37) | (0.17) |
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 | (17.59) | (13.90) | (10.41) | (12.87) | (4.77) | (10.28) | (10.01) | (15.01) | (14.25) | (16.69) | (11.91) | (10.05) | (11.71) | (12.11) | (9.18) | (12.68) | (13.29) | (20.09) | (12.00) | (10.87) |
| Capital Expenditures | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | -0.00 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.12 | 0.02 | 1.04 | 0.05 | 0.16 | 0.01 |
| Free Cash Flow* | -- | -- | (10.41) | (12.87) | (4.77) | (10.28) | (10.03) | (15.00) | (14.29) | (16.70) | (11.93) | (10.06) | (11.71) | (12.13) | (9.30) | (12.69) | (14.33) | (20.13) | (12.16) | (10.88) |
| Investing Cash Flow | (86.74) | 5.95 | (72.06) | 5.05 | 12.05 | 5.10 | 21.29 | 0.29 | 12.82 | 20.19 | (48.52) | (4.36) | 20.07 | 30.23 | (4.17) | (1.96) | (80.68) | (1.08) | (0.16) | (0.06) |
| Financing Cash Flow | 21.60 | 88.98 | 75.18 | 0.02 | 0.00 | 0.01 | 0.00 | 0.04 | 0.36 | 0.23 | 30.03 | 0.22 | 0.21 | 0.07 | (0.04) | 0.08 | 0.11 | 0.03 | 0.11 | 0.55 |
* Derived from reported values
