Financial Statements — PSNL
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 | 93.97 | 73.59 | 49.97 | 53.37 | 71.00 | 75.80 | 47.75 | 43.98 | 72.19 | 97.20 | 87.17 | 83.52 | 86.73 | 91.59 | 79.57 | 70.08 | 137.09 |
| Short-term Investments | 118.69 | 159.62 | 100.54 | 119.86 | 114.69 | 67.85 | 39.23 | 51.44 | 48.47 | 40.01 | 61.77 | 109.23 | 146.76 | 174.95 | 225.66 | 258.83 | 216.34 |
| Accounts Receivable | 15.10 | 13.02 | 14.38 | 9.95 | 10.97 | 13.47 | 12.92 | 11.35 | 13.67 | 10.13 | 18.10 | 13.59 | 12.88 | 13.52 | 10.53 | 9.28 | 8.05 |
| Total Current Assets | 245.05 | 258.20 | 174.40 | 193.34 | 206.42 | 170.28 | 113.10 | 120.44 | 148.22 | 160.96 | 182.77 | 221.91 | 260.04 | 294.03 | 329.02 | 354.31 | 372.67 |
| Property, Plant & Equipment | 48.57 | 48.44 | 47.00 | 45.81 | 47.99 | 50.23 | 52.66 | 54.53 | 56.75 | 59.49 | 61.45 | 61.22 | 47.59 | 30.60 | 17.69 | 14.26 | 11.15 |
| Total Non-current Assets* | 67.08 | 67.20 | 68.44 | 65.34 | 66.89 | 69.61 | 72.40 | 74.84 | 78.42 | 88.08 | 89.41 | 95.95 | 97.94 | 86.62 | 77.68 | 29.03 | 22.84 |
| Total Assets | 312.14 | 325.40 | 242.84 | 258.68 | 273.31 | 239.89 | 185.50 | 195.28 | 226.64 | 249.04 | 272.18 | 317.86 | 357.98 | 380.65 | 406.69 | 383.34 | 395.51 |
| Accounts Payable | 16.01 | 12.68 | 11.15 | 9.93 | 7.91 | 12.45 | 9.94 | 9.18 | 8.96 | 8.85 | 10.93 | 10.78 | 21.40 | 12.28 | 7.29 | 8.92 | 6.52 |
| Total Current Liabilities | 46.39 | 39.05 | 36.16 | 31.72 | 29.89 | 36.41 | 34.13 | 31.37 | 32.48 | 28.59 | 34.14 | 33.74 | 41.51 | 39.84 | 26.52 | 34.09 | 38.56 |
| Total Non-current Liabilities* | 30.59 | 31.59 | 35.27 | 36.13 | 36.07 | 36.71 | 39.10 | 43.21 | 42.95 | 44.36 | 44.41 | 41.72 | 51.84 | 54.09 | 54.88 | 10.51 | 8.52 |
| Total Liabilities | 76.97 | 70.63 | 71.42 | 67.85 | 65.96 | 73.13 | 73.23 | 74.58 | 75.43 | 72.95 | 78.55 | 75.46 | 93.35 | 93.93 | 81.40 | 44.59 | 47.09 |
| Retained Earnings | (692.97) | (661.29) | (607.45) | (585.80) | (565.74) | (533.57) | (494.48) | (481.67) | (442.12) | (413.02) | (389.07) | (329.34) | (302.85) | (275.30) | (226.90) | (209.23) | (194.27) |
| Total Stockholder Equity | 235.16 | 254.77 | 171.42 | 190.83 | 207.35 | 166.76 | 112.27 | 120.69 | 151.21 | 176.09 | 193.63 | 242.40 | 264.63 | 286.71 | 325.30 | 338.75 | 348.42 |
* 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 | 22.36 | 15.47 | 17.35 | 14.50 | 17.20 | 20.61 | 16.80 | 25.71 | 22.58 | 19.52 | 19.68 | 18.25 | 16.70 | 18.86 | 16.72 | 14.86 | 18.24 | 15.23 | 20.68 | 22.26 |
| Cost of Revenue | 17.61 | 15.19 | 15.45 | 12.58 | 12.45 | 13.40 | 12.25 | 16.96 | 14.54 | 14.03 | 14.47 | 14.77 | 11.91 | 14.13 | 14.41 | 12.38 | 13.96 | 10.95 | 12.69 | 14.20 |
| Gross Profit* | 4.74 | 0.28 | 1.90 | 1.91 | 4.76 | 7.21 | 4.55 | 22.28 | 8.04 | 5.49 | 5.21 | 3.48 | 4.79 | 4.73 | 2.31 | 2.48 | 4.28 | 4.28 | 8.00 | 23.66 |
| Research & Development | 16.34 | 14.54 | 13.07 | 12.17 | 12.38 | 12.64 | 11.49 | 11.68 | 12.96 | 12.77 | 13.61 | 16.74 | 17.85 | 16.57 | 16.57 | 14.96 | 16.29 | 17.10 | 14.51 | 13.62 |
| Selling, General & Admin | 22.00 | 17.90 | 14.09 | 13.03 | 14.18 | 12.26 | 11.17 | 11.44 | 11.97 | 11.60 | 11.52 | 11.97 | 12.13 | 14.10 | 17.83 | 14.78 | 15.87 | 15.49 | 13.71 | 12.14 |
| Total Operating Expenses* | 38.33 | 32.44 | 27.17 | 25.21 | 26.56 | 24.90 | 22.66 | 72.43 | 24.93 | 24.37 | 29.18 | 34.27 | 30.14 | 34.56 | 34.40 | 29.74 | 32.16 | 32.58 | 28.22 | 68.79 |
| Operating Income | (33.59) | (32.16) | (25.27) | (23.29) | (21.80) | (17.70) | (18.11) | (14.38) | (16.89) | (18.88) | (23.97) | (30.79) | (25.35) | (29.82) | (32.08) | (27.26) | (27.88) | (28.31) | (20.23) | (17.69) |
| Interest Expense | 0.04 | 0.05 | 0.07 | 0.06 | 0.05 | 0.03 | -0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 |
| Pretax Income | (31.68) | (30.02) | (23.80) | (21.65) | (20.05) | (15.74) | (16.42) | (39.09) | (12.80) | (12.96) | (26.58) | (29.07) | (23.92) | (28.64) | (31.06) | (26.48) | (27.53) | (28.20) | (20.20) | (17.66) |
| Tax Provision | 0.01 | 0.02 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.03 | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | -0.00 | 0.01 |
| Net Income | (31.68) | (30.03) | (23.81) | (21.65) | (20.06) | (15.75) | (16.42) | (39.09) | (12.80) | (12.97) | (26.58) | (29.10) | (23.95) | (28.66) | (31.07) | (26.49) | (27.55) | (28.21) | (20.20) | (17.67) |
| Basic EPS | (0.30) | (0.29) | (0.26) | (0.24) | (0.23) | (0.18) | (0.23) | (0.64) | (0.24) | (0.26) | (0.54) | (0.60) | (0.50) | (0.61) | (0.67) | (0.58) | (0.60) | -- | -- | -- |
| Diluted EPS | (0.30) | (0.29) | (0.26) | (0.24) | (0.23) | (0.18) | (0.23) | (0.64) | (0.24) | (0.26) | (0.54) | (0.60) | (0.50) | (0.61) | (0.67) | (0.58) | (0.60) | -- | -- | -- |
* Derived from reported values
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 | (25.77) | (22.48) | (22.25) | (21.80) | (12.93) | (17.96) | (7.80) | (6.20) | (10.74) | (20.41) | (13.42) | (16.68) | (10.41) | (15.74) | (16.76) | (14.76) | (27.35) | (11.36) | (15.27) | (17.88) |
| Capital Expenditures | 3.78 | 3.19 | 0.08 | 1.63 | 0.29 | 2.51 | 1.25 | 0.25 | 0.01 | 0.10 | 3.52 | 0.87 | 2.74 | 3.78 | 9.54 | 21.41 | 10.31 | 8.63 | 3.58 | 2.96 |
| Free Cash Flow* | (29.55) | (25.67) | (22.32) | (23.43) | (13.22) | (20.47) | (9.04) | (6.44) | (10.75) | (20.52) | (16.94) | (17.55) | (13.15) | (19.52) | (26.30) | (36.18) | (37.66) | (19.99) | (18.85) | (20.84) |
| Investing Cash Flow | 38.16 | (46.01) | (14.38) | 18.72 | (4.37) | (22.54) | (26.18) | (28.18) | 12.99 | 6.30 | (11.64) | (8.60) | 19.55 | 13.79 | 21.85 | 10.83 | 23.02 | (3.16) | 39.91 | 29.67 |
| Financing Cash Flow | 7.99 | 17.83 | 110.90 | (0.32) | (0.33) | 20.09 | 49.60 | 62.43 | 1.52 | 1.13 | 9.82 | 0.29 | 0.93 | -- | 0.51 | 0.76 | (0.42) | 0.52 | 1.35 | (0.51) |
* Derived from reported values