Financial Statements — PEPG
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 |
|---|
| Cash & Equivalents | 22.76 | 42.15 | 142.78 | 35.07 | 43.63 | 42.29 | 66.08 | 133.85 | 129.54 | 147.03 | 165.40 | 195.78 | 218.82 | 118.85 |
| Short-term Investments | 94.47 | 90.15 | 20.89 | 39.58 | 54.15 | 96.57 | 95.22 | 41.37 | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 120.33 | 134.27 | 166.21 | 77.49 | 101.05 | 142.37 | 164.78 | 177.62 | 133.09 | 150.38 | 168.47 | 204.25 | 226.48 | 125.67 |
| Property, Plant & Equipment | 1.34 | 1.57 | 2.22 | 2.49 | 3.51 | 3.90 | 4.24 | 4.44 | 5.04 | 5.25 | 5.34 | 2.74 | 2.84 | 2.57 |
| Total Non-current Assets* | 21.07 | 22.02 | 23.85 | 24.76 | 26.35 | 27.87 | 28.73 | 29.38 | 31.18 | 31.71 | 32.57 | 4.21 | 4.32 | 6.21 |
| Total Assets | 141.40 | 156.29 | 190.06 | 102.24 | 127.39 | 170.23 | 193.51 | 207.00 | 164.27 | 182.09 | 201.04 | 208.46 | 230.80 | 131.88 |
| Accounts Payable | 1.10 | 0.62 | 0.77 | 0.86 | 2.70 | 5.93 | 7.74 | 1.48 | 3.99 | 1.82 | 1.47 | 4.62 | 5.39 | 1.89 |
| Total Current Liabilities | 9.01 | 8.96 | 12.64 | 16.36 | 20.43 | 16.81 | 22.11 | 11.26 | 20.96 | 16.94 | 18.03 | 15.52 | 20.58 | 16.12 |
| Total Non-current Liabilities* | 12.86 | 13.35 | 14.28 | 14.72 | 15.16 | 15.97 | 16.36 | 16.74 | 17.45 | 17.86 | 18.17 | 0.00 | 0.00 | 0.17 |
| Total Liabilities | 21.86 | 22.32 | 26.92 | 31.08 | 35.59 | 32.78 | 38.47 | 28.00 | 38.41 | 34.80 | 36.20 | 15.52 | 20.58 | 16.29 |
| Retained Earnings | (396.69) | (378.88) | (342.78) | (324.75) | (301.67) | (249.22) | (227.84) | (199.50) | (161.99) | (138.70) | (119.17) | (87.92) | (69.31) | (52.00) |
| Total Stockholder Equity | 119.53 | 133.98 | 163.14 | 71.16 | 91.81 | 137.46 | 155.04 | 179.00 | 125.87 | 147.28 | 164.84 | 192.94 | 210.22 | (49.59) |
* 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 |
|---|
| Research & Development | 12.52 | 13.00 | 13.85 | 13.42 | 18.39 | 25.38 | 18.96 | 17.72 | 25.06 | 14.73 | 16.30 | 20.54 | 16.93 | 14.36 | 13.17 | 15.96 | 14.24 | 10.71 |
| Selling, General & Admin | 6.42 | 5.94 | 5.85 | 5.23 | 5.54 | 5.94 | 5.38 | 5.45 | 5.36 | 5.07 | 4.51 | 4.24 | 4.22 | 3.67 | 4.05 | 3.59 | 3.40 | 3.19 |
| Total Operating Expenses | 18.94 | 18.94 | 19.70 | 18.65 | 23.93 | 31.32 | 24.35 | 23.17 | 30.43 | 19.80 | 20.81 | 24.78 | 21.14 | 18.03 | 17.21 | 19.55 | 17.64 | 13.89 |
| Operating Income | (18.94) | (18.94) | (19.70) | (18.65) | (23.93) | (31.32) | (24.34) | (23.17) | (30.42) | (19.80) | (20.81) | (24.78) | (21.14) | (18.03) | (17.21) | (19.55) | (17.64) | (13.89) |
| Pretax Income | (17.80) | (17.75) | (18.29) | (18.03) | (23.09) | (30.20) | (22.86) | (21.38) | (28.33) | (18.02) | (19.42) | (23.29) | (19.52) | (16.32) | (15.65) | (18.61) | (17.32) | (13.83) |
| Tax Provision | 0.02 | 0.02 | 0.05 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.71) | 0.00 | 0.00 | 4.42 |
| Net Income | (17.81) | (17.76) | (18.34) | (18.03) | (23.09) | (30.20) | (22.24) | (21.38) | (28.33) | (18.02) | (19.49) | (23.29) | (19.52) | (16.32) | (14.94) | (18.61) | (17.32) | (18.25) |
| Basic EPS | (0.26) | (0.26) | 0.02 | (0.52) | (0.70) | (0.92) | (0.69) | (0.66) | (0.87) | (0.63) | (0.81) | (0.98) | (0.82) | (0.69) | (0.24) | (0.79) | (1.23) | -- |
| Diluted EPS | (0.26) | (0.26) | 0.02 | (0.52) | (0.70) | (0.92) | (0.69) | (0.66) | (0.87) | (0.63) | (0.81) | (0.98) | (0.82) | (0.69) | (0.24) | (0.79) | (1.23) | -- |
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 |
|---|
| Operating Cash Flow | (15.81) | (18.43) | (15.84) | (19.26) | (23.60) | (22.93) | (19.48) | (24.01) | (16.35) | (22.53) | (19.42) | (16.48) | (17.67) | (15.42) | (13.39) | (20.97) | (12.64) | (12.27) |
| Capital Expenditures | 0.03 | 0.00 | -0.00 | 0.10 | 0.04 | 0.13 | 0.23 | 0.19 | 0.03 | 0.05 | 0.18 | 0.23 | 1.01 | 1.18 | 1.10 | 0.43 | 0.61 | 1.61 |
| Free Cash Flow* | (15.84) | (18.43) | (15.84) | (19.36) | (23.64) | (23.05) | (19.70) | (24.20) | (16.38) | (22.58) | (19.61) | (16.70) | (18.68) | (16.60) | (14.49) | (21.40) | (13.25) | (13.89) |
| Investing Cash Flow | (3.52) | (1.46) | (66.24) | 18.90 | 14.96 | 17.15 | 26.50 | (0.13) | (52.74) | (11.29) | (29.59) | (0.22) | (1.01) | (1.18) | (1.10) | (0.43) | (0.61) | (1.61) |
| Financing Cash Flow | (0.06) | 1.52 | (0.17) | 108.05 | 0.10 | 0.00 | 0.13 | 0.33 | 1.33 | 86.97 | 0.03 | (0.53) | 0.19 | 0.13 | 0.22 | (1.42) | 113.41 | (0.02) |
* Derived from reported values
