Financial Statements — PAAI
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 | 11.17 | 11.23 | 12.52 | 6.77 | 2.90 | 5.77 | 6.09 | 4.00 | 7.29 | 5.49 | 15.96 | 13.30 | 14.84 | 22.48 | 8.23 | 6.72 | 4.52 |
| Accounts Receivable | 18.49 | 18.15 | 26.20 | 40.08 | 31.56 | 25.86 | 22.70 | 26.45 | 37.98 | 31.63 | 23.56 | 33.66 | 34.45 | 20.00 | 19.52 | 14.72 | 14.09 |
| Total Current Assets | 32.44 | 32.50 | 44.65 | 51.41 | 39.15 | 37.83 | 35.35 | 43.17 | 84.12 | 84.37 | 83.97 | 74.25 | 87.01 | 80.39 | 79.38 | 82.40 | 71.71 |
| Property, Plant & Equipment | 0.04 | 0.06 | 0.06 | 0.08 | 0.11 | 0.20 | 0.23 | 0.26 | 0.40 | 0.48 | 0.56 | 0.79 | 0.83 | 0.59 | 0.67 | 1.09 | 1.12 |
| Goodwill | 42.58 | 42.58 | 42.58 | 42.58 | 42.58 | 42.58 | 42.58 | 42.58 | 42.58 | 41.33 | 41.33 | 22.55 | 23.42 | 19.62 | 22.86 | 23.60 | 16.14 |
| Intangible Assets | 20.63 | 21.52 | 21.23 | 22.09 | 21.94 | 23.64 | 24.49 | 25.34 | 44.21 | 49.45 | 54.84 | 51.16 | 56.22 | 52.26 | 57.82 | 61.60 | 66.55 |
| Total Non-current Assets* | 73.68 | 75.75 | 76.71 | 76.37 | 75.50 | 76.39 | 78.01 | 77.12 | 107.48 | 114.71 | 120.74 | 93.32 | 99.44 | 90.87 | 110.78 | 136.15 | 137.13 |
| Total Assets | 106.12 | 108.25 | 121.36 | 127.78 | 114.65 | 114.23 | 113.36 | 120.29 | 191.59 | 199.09 | 204.71 | 167.56 | 186.45 | 171.26 | 190.16 | 218.55 | 208.84 |
| Accounts Payable | 2.32 | 3.06 | 2.00 | 3.37 | 3.62 | 4.19 | 4.98 | 8.80 | 11.33 | 13.79 | 15.46 | 11.75 | 19.73 | 7.07 | 9.44 | 8.23 | 10.15 |
| Short-term Debt | -- | -- | -- | -- | -- | 102.40 | 102.37 | 102.34 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 13.66 | 15.49 | 17.81 | 28.21 | 119.77 | 247.43 | 266.93 | 268.18 | 152.45 | 229.13 | 216.85 | 117.24 | 121.19 | 96.44 | 130.39 | 120.92 | 115.61 |
| Long-term Debt | 97.61 | 97.59 | 110.53 | 110.50 | 110.47 | 102.40 | 102.37 | 102.34 | 102.34 | 66.18 | 65.93 | 71.33 | 71.05 | 70.78 | 63.28 | 61.11 | 64.75 |
| Total Non-current Liabilities* | 100.01 | 100.18 | 113.77 | 116.73 | 120.83 | 4.11 | 3.46 | 1.50 | 98.23 | 22.47 | 27.39 | 81.57 | 85.85 | 85.88 | 89.07 | 111.65 | 115.06 |
| Total Liabilities | 113.67 | 115.67 | 131.58 | 144.94 | 240.59 | 251.54 | 270.39 | 269.68 | 250.68 | 251.60 | 244.23 | 198.81 | 207.04 | 182.32 | 219.46 | 232.57 | 230.67 |
| Retained Earnings | (357.34) | (357.16) | (359.84) | (366.70) | (475.34) | (486.24) | (490.20) | (482.01) | (373.10) | (361.93) | (342.45) | (309.37) | (292.87) | (270.66) | (233.10) | (208.39) | (187.74) |
| Total Stockholder Equity | (7.55) | (7.42) | (10.39) | (17.33) | (126.12) | (137.48) | (157.20) | (149.55) | (59.25) | (64.19) | (52.70) | (44.62) | (33.96) | (24.43) | (47.66) | (32.44) | (40.24) |
* 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 | 22.18 | 20.41 | 28.24 | 29.76 | 45.01 | 31.82 | 36.23 | 33.56 | 27.18 | 28.94 | 70.60 | 63.42 | 58.81 | 51.38 | 40.91 | 66.71 | 65.08 | 48.24 | 61.20 | 59.57 |
| Cost of Revenue | 13.52 | 13.33 | 15.92 | 14.83 | 19.58 | 16.15 | 17.15 | 16.56 | 16.47 | 20.01 | 39.82 | 35.24 | 37.14 | 30.04 | 17.19 | 40.50 | 46.73 | 28.50 | 27.00 | 32.17 |
| Gross Profit | 8.67 | 7.08 | 12.32 | 14.93 | 25.44 | 15.67 | 19.07 | 16.99 | 10.72 | 8.93 | 30.78 | 28.17 | 21.66 | 21.35 | 23.72 | 26.20 | 18.35 | 19.75 | 34.21 | 27.40 |
| Selling, General & Admin | 3.66 | 4.64 | 2.36 | 3.21 | 6.20 | 5.28 | 5.61 | 6.02 | 8.63 | 10.14 | 8.35 | 11.03 | 11.72 | 13.05 | 10.17 | 13.85 | 15.96 | 13.51 | 10.17 | 23.02 |
| Total Operating Expenses | 6.39 | 7.39 | 4.80 | 5.43 | 9.02 | 8.31 | 8.73 | 8.94 | 13.30 | 16.88 | 30.87 | 35.03 | 35.96 | 35.91 | 30.35 | 38.64 | 39.72 | 35.19 | 51.11 | 49.79 |
| Operating Income | 2.28 | (0.30) | 7.52 | 9.49 | 16.41 | 7.36 | 10.34 | 8.05 | (2.58) | (7.95) | (0.09) | (6.85) | (14.30) | (14.56) | (6.64) | (12.43) | (21.37) | (15.44) | (16.90) | (22.39) |
| Interest Expense | 2.45 | 2.42 | -- | -- | -- | 3.00 | 2.92 | 3.16 | 4.25 | 4.34 | 4.74 | 4.04 | 5.00 | 4.18 | 2.92 | 3.18 | 2.51 | 2.82 | 2.76 | 2.51 |
| Pretax Income | (0.25) | (2.80) | 4.89 | 6.56 | 13.39 | 4.28 | 7.35 | 4.82 | (6.90) | (12.68) | (5.50) | (11.10) | (19.38) | (19.37) | (10.05) | (15.96) | (24.00) | (18.43) | (20.56) | (24.94) |
| Tax Provision | (0.07) | (0.14) | (0.44) | (0.30) | 0.98 | 0.29 | 0.13 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.10 | 0.01 | 0.17 | 0.55 | (1.80) | 0.01 | (1.44) | (0.23) |
| Net Income | (0.18) | (2.66) | 5.33 | 6.87 | 108.64 | 4.02 | 6.88 | 3.96 | (8.19) | (103.36) | (5.55) | (11.17) | (19.48) | (19.38) | (13.70) | (16.50) | (22.21) | (18.45) | (19.11) | (24.71) |
| Basic EPS | 0.00 | (0.06) | 0.12 | 0.14 | 2.29 | 0.08 | 1.23 | 0.11 | (0.28) | (3.91) | (0.09) | (0.48) | (0.88) | (1.04) | (0.70) | (0.90) | (1.22) | (1.20) | -- | -- |
| Diluted EPS | 0.00 | (0.06) | 0.12 | 0.14 | 2.28 | 0.08 | 1.23 | 0.11 | (0.28) | (3.91) | (0.16) | (0.48) | (0.88) | -- | -- | -- | -- | -- | -- | -- |
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 | 0.09 | 1.96 | 13.12 | 12.16 | 10.31 | 3.66 | (8.57) | (2.35) | (3.20) | (1.96) | (2.51) | (5.86) | (14.73) | (1.67) | 3.37 | (7.21) | 5.85 | (13.31) | (6.47) | 1.67 |
| Capital Expenditures | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.03 | 0.03 | -- | -- | -- | -- | -- | 0.09 | 0.07 | 0.31 | 0.07 | 0.08 | 0.12 |
| Free Cash Flow* | -- | -- | 13.12 | 12.16 | 10.31 | -- | (8.57) | (2.37) | (3.22) | -- | -- | -- | -- | -- | 3.29 | (7.28) | 5.54 | (13.38) | (6.54) | 1.55 |
| Investing Cash Flow | (0.15) | (1.07) | (2.30) | (3.75) | (1.93) | (1.62) | (2.36) | (1.31) | (0.80) | (0.71) | 0.26 | (0.83) | (0.94) | (1.69) | (26.27) | (2.12) | (8.54) | (1.65) | (2.47) | (1.46) |
| Financing Cash Flow | 0.00 | 0.00 | (13.00) | (2.66) | (4.51) | (3.50) | 9.51 | 3.34 | 6.08 | (2.60) | 4.25 | 8.00 | 5.20 | 5.45 | 23.47 | 7.80 | (4.95) | 28.10 | 10.06 | 1.30 |
* Derived from reported values
