Financial Statements — PMVP
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 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 12.47 | 39.13 | 36.34 | 44.13 | 51.34 | 48.81 | 48.53 | 47.65 | 52.06 | 68.21 | 99.85 | 87.09 | 115.77 | 176.64 | 189.42 | 208.78 |
| Short-term Investments | 66.96 | 54.42 | 92.91 | 98.15 | 109.05 | 134.03 | 164.39 | 150.29 | 149.86 | 118.88 | 159.01 | 190.34 | 167.22 | 131.01 | 128.93 | 122.71 |
| Total Current Assets | 81.41 | 95.78 | 132.45 | 145.31 | 163.50 | 189.62 | 218.79 | 202.46 | 205.30 | 190.41 | 265.18 | 281.87 | 288.04 | 313.56 | 323.08 | 334.95 |
| Property, Plant & Equipment | 0.15 | 0.20 | 0.26 | 0.29 | 0.38 | 10.13 | 10.53 | 10.90 | 10.82 | 11.14 | 9.97 | 8.72 | 5.24 | 1.39 | 1.25 | 0.70 |
| Total Non-current Assets* | 0.66 | 0.78 | 1.40 | 7.54 | 7.11 | 33.88 | 18.75 | 34.42 | 55.73 | 51.80 | 19.81 | 18.70 | 26.97 | 30.62 | 32.83 | 19.44 |
| Total Assets | 82.07 | 96.56 | 133.84 | 152.85 | 170.61 | 223.50 | 237.54 | 236.88 | 261.03 | 242.22 | 284.98 | 300.56 | 315.01 | 344.18 | 355.91 | 354.39 |
| Accounts Payable | 2.02 | 1.63 | 3.40 | 2.60 | 3.59 | 2.06 | 4.53 | 0.86 | 1.68 | 3.49 | 4.83 | 3.35 | 4.86 | 1.28 | 2.37 | 1.25 |
| Total Current Liabilities | 10.57 | 8.60 | 12.30 | 11.61 | 9.76 | 13.56 | 11.39 | 12.06 | 10.72 | 11.45 | 11.66 | 11.38 | 11.69 | 8.56 | 7.50 | 5.80 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.54 | 0.64 | 0.74 | 12.02 | 11.84 | 12.14 | 12.70 | 12.96 | 12.14 | 12.21 | 11.48 | 10.67 | 10.56 | 0.30 |
| Total Liabilities | 10.57 | 8.60 | 12.85 | 12.25 | 10.50 | 25.59 | 23.22 | 24.20 | 23.42 | 24.41 | 23.79 | 23.59 | 23.17 | 19.23 | 18.06 | 6.10 |
| Retained Earnings | (482.58) | (464.49) | (428.42) | (407.36) | (386.15) | (345.71) | (326.49) | (325.27) | (294.25) | (277.61) | (221.70) | (203.47) | (186.16) | (149.37) | (134.36) | (121.48) |
| Total Stockholder Equity | 71.50 | 87.97 | 121.00 | 140.60 | 160.11 | 197.91 | 214.32 | 212.68 | 237.61 | 217.81 | 261.19 | 276.97 | 291.84 | 324.95 | 337.85 | 348.30 |
* 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 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Research & Development | 14.68 | 15.33 | 15.83 | 18.21 | 18.40 | 17.44 | 13.77 | 16.95 | 14.63 | 13.19 | 13.38 | 13.59 | 13.84 | 15.02 | 13.67 | 11.46 | 11.84 | 12.17 | 9.16 | 7.66 |
| Selling, General & Admin | 4.21 | 3.69 | 3.42 | 4.31 | 4.48 | 4.12 | 11.40 | 4.94 | 5.54 | 5.04 | 5.52 | 6.04 | 6.28 | 6.14 | 5.71 | 6.42 | 6.78 | 6.31 | 5.94 | 5.39 |
| Total Operating Expenses | 18.88 | 19.02 | 19.24 | 22.52 | 22.88 | 21.56 | 25.17 | 21.89 | 20.17 | 18.22 | 18.90 | 19.63 | 20.12 | 21.16 | 19.38 | 17.89 | 18.62 | 18.47 | 15.10 | 13.05 |
| Operating Income | (18.88) | (19.02) | (19.24) | (22.52) | (22.88) | (21.56) | (25.17) | (21.89) | (20.17) | (18.22) | (18.90) | (19.63) | (20.12) | (21.16) | (19.37) | (17.89) | (18.62) | (18.47) | (15.10) | (13.05) |
| Pretax Income | (18.08) | (18.04) | (18.01) | (21.06) | (21.20) | (19.63) | (23.00) | (19.15) | (17.39) | (15.27) | (15.76) | (16.64) | (17.43) | (19.34) | (18.24) | (17.31) | (18.43) | (18.36) | (14.99) | (12.87) |
| Tax Provision | 0.00 | -- | 0.03 | (0.01) | 0.01 | (2.20) | 0.00 | 0.07 | (16.17) | -- | -0.00 | -0.00 | 0.00 | 0.00 | (0.01) | -0.00 | 0.00 | 0.00 | 0.02 | 0.00 |
| Net Income | (18.09) | (18.04) | (18.04) | (21.06) | (21.21) | (17.44) | (23.00) | (19.23) | (1.21) | (15.27) | (15.76) | (16.64) | (17.44) | (19.34) | (18.23) | (17.31) | (18.43) | (18.36) | (15.01) | (12.87) |
| Basic EPS | (0.34) | (0.34) | (0.33) | (0.40) | (0.41) | (0.34) | (0.45) | (0.37) | (0.02) | (0.30) | (0.31) | (0.34) | (0.38) | (0.43) | (0.40) | -- | -- | -- | -- | -- |
| Diluted EPS | (0.34) | (0.34) | (0.33) | (0.40) | (0.41) | (0.34) | (0.45) | (0.37) | (0.02) | (0.30) | (0.31) | (0.34) | (0.38) | (0.43) | (0.40) | -- | -- | -- | -- | -- |
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 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | (14.58) | (19.68) | (17.19) | (19.82) | (18.30) | (18.27) | (16.66) | (16.84) | (1.60) | (16.18) | (12.08) | (15.01) | (27.91) | (15.32) | (16.76) | (13.68) | (18.00) | (12.03) | (12.40) | (9.24) |
| Capital Expenditures | 0.00 | 0.00 | 0.02 | -0.00 | 0.01 | 0.00 | 0.06 | 0.00 | 0.00 | 0.59 | 0.20 | 0.16 | 0.72 | 1.64 | 2.05 | 3.50 | 0.80 | 0.26 | 0.50 | 0.47 |
| Free Cash Flow* | (14.58) | (19.68) | (17.20) | (19.82) | (18.31) | (18.27) | (16.72) | (16.84) | (1.60) | (16.78) | (12.28) | (15.17) | (28.63) | (16.96) | (18.81) | (17.18) | (18.79) | (12.29) | (12.90) | (9.71) |
| Investing Cash Flow | (12.23) | 20.82 | 18.44 | 12.03 | 10.99 | 28.71 | 7.74 | 17.12 | 2.32 | 26.17 | (2.59) | 49.65 | (14.32) | 23.22 | 29.51 | (15.28) | (38.83) | 7.56 | (0.69) | (10.55) |
| Financing Cash Flow | 0.14 | 0.00 | 0.39 | 0.00 | 0.10 | 0.01 | 0.17 | 0.00 | 0.14 | -- | 0.29 | 0.01 | 2.14 | 0.55 | 0.01 | 0.28 | 0.13 | 0.30 | 0.31 | 1.26 |
* Derived from reported values
