Financial Statements — PYXS
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 |
|---|
| Cash & Equivalents | 18.86 | 5.77 | 8.92 | 10.73 | 12.76 | 12.06 | 25.07 | 27.97 | 14.72 | 25.90 | 53.06 | 198.54 | 223.36 | 247.09 | 133.48 |
| Short-term Investments | 14.14 | 35.25 | 67.34 | 78.21 | 92.67 | 132.76 | 130.65 | 129.06 | 118.25 | 116.77 | 96.29 | -- | -- | -- | -- |
| Accounts Receivable | -- | -- | -- | 3.00 | -- | -- | -- | 8.00 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 36.73 | 45.57 | 83.07 | 99.96 | 111.87 | 148.87 | 161.04 | 172.38 | 139.09 | 149.30 | 156.18 | 202.81 | 226.60 | 251.26 | 134.34 |
| Property, Plant & Equipment | 7.24 | 7.54 | 8.46 | 8.92 | 9.40 | 10.40 | 11.07 | 11.33 | 12.18 | 12.64 | 13.16 | 6.39 | 0.97 | 1.00 | 1.15 |
| Intangible Assets | -- | -- | 2.43 | 2.49 | 2.54 | 23.62 | 23.68 | 23.73 | 22.29 | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 18.19 | 18.73 | 22.53 | 23.26 | 24.00 | 46.44 | 47.35 | 47.84 | 47.60 | 25.93 | 26.62 | 21.09 | 15.97 | 1.44 | 5.15 |
| Total Assets | 54.92 | 64.30 | 105.60 | 123.22 | 135.87 | 195.31 | 208.39 | 220.22 | 186.69 | 175.23 | 182.80 | 223.90 | 242.56 | 252.70 | 139.49 |
| Accounts Payable | 3.27 | 4.99 | 9.76 | 9.41 | 2.85 | 4.87 | 5.47 | 2.29 | 3.31 | 1.31 | 4.03 | 5.51 | 7.82 | 2.06 | 1.93 |
| Total Current Liabilities | 27.47 | 16.53 | 19.38 | 17.68 | 14.43 | 20.32 | 16.90 | 14.14 | 28.33 | 9.23 | 11.60 | 19.10 | 14.92 | 19.19 | 16.84 |
| Total Non-current Liabilities* | 16.01 | 16.50 | 17.44 | 17.89 | 18.33 | 21.31 | 21.70 | 21.92 | 20.41 | 20.73 | 19.04 | 16.05 | 15.68 | 0.00 | 0.07 |
| Total Liabilities | 43.48 | 33.03 | 36.83 | 35.57 | 32.76 | 41.63 | 38.60 | 36.06 | 48.75 | 29.96 | 30.64 | 35.15 | 30.60 | 19.19 | 16.90 |
| Retained Earnings | (491.79) | (466.45) | (425.07) | (403.07) | (384.71) | (327.98) | (306.78) | (289.48) | (270.63) | (247.58) | (231.68) | (176.33) | (148.66) | (123.10) | (74.89) |
| Total Stockholder Equity | 11.44 | 31.27 | 68.78 | 87.64 | 103.10 | 153.68 | 169.79 | 184.16 | 137.95 | 145.28 | 152.16 | 188.75 | 211.97 | 233.51 | (71.44) |
* 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 | -- | -- | 11.04 | 0.00 | 2.82 | -- | 0.00 | 0.00 | 0.00 | 16.15 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.48 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 15.67 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 16.06 | 19.98 | 21.71 | 17.81 | 17.13 | 17.04 | 14.02 | 17.74 | 13.95 | 13.03 | 11.61 | 14.69 | 11.39 | 11.90 | 29.85 | 19.03 | 17.17 | 20.07 | 7.23 | 7.85 |
| Selling, General & Admin | 9.93 | 4.38 | 5.23 | 5.65 | 5.44 | 5.87 | 5.08 | 6.01 | 6.08 | 8.25 | 6.16 | 10.67 | 6.73 | 9.05 | 8.12 | 9.36 | 8.56 | 11.32 | 9.20 | 3.77 |
| Total Operating Expenses | 25.99 | 24.36 | -- | -- | -- | -- | 40.07 | 23.75 | 20.03 | 21.28 | 17.77 | 25.35 | 18.12 | 20.95 | 37.97 | 28.39 | 25.73 | 31.39 | 16.43 | 11.62 |
| Operating Income | (25.99) | (24.36) | (18.30) | (23.46) | (19.75) | (22.91) | (40.07) | (23.75) | (20.03) | (5.60) | (17.77) | (25.35) | (18.12) | (20.95) | (37.97) | (28.39) | (25.73) | (31.39) | (16.43) | (11.62) |
| Pretax Income | (25.35) | -- | (17.00) | (22.00) | (18.07) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.00 | -- | 1.10 | 0.00 | 0.28 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (25.35) | (23.27) | (18.11) | (22.00) | (18.35) | (21.16) | (35.57) | (21.20) | (17.30) | (3.26) | (15.60) | (23.05) | (15.90) | (19.24) | (36.10) | (27.67) | (25.56) | (31.38) | (16.83) | (14.17) |
| Basic EPS | (0.40) | (0.37) | (0.28) | (0.35) | (0.30) | (0.35) | (0.62) | (0.35) | (0.29) | (0.06) | (0.34) | (0.56) | (0.41) | (0.54) | (1.04) | (0.85) | (0.79) | -- | -- | -- |
| Diluted EPS | (0.40) | (0.37) | (0.28) | (0.35) | (0.30) | (0.35) | (0.62) | (0.35) | (0.29) | (0.06) | (0.34) | (0.56) | (0.41) | (0.54) | (1.04) | (0.85) | (0.79) | -- | -- | -- |
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 | (18.21) | (26.00) | (10.43) | (13.28) | (17.26) | (22.53) | (19.29) | (14.66) | (3.01) | (20.71) | (15.25) | (17.58) | (11.03) | (26.84) | (17.39) | (20.56) | (23.71) | (27.68) | (12.17) | (23.16) |
| Capital Expenditures | -- | -- | 0.00 | 0.01 | -- | -- | 0.00 | 0.00 | 0.00 | 0.24 | 0.00 | 0.06 | 2.26 | 4.41 | 1.86 | 4.27 | 0.13 | 0.15 | 0.00 | 0.54 |
| Free Cash Flow* | -- | -- | (10.43) | (13.29) | -- | -- | (19.29) | (14.66) | (3.01) | (20.95) | (15.25) | (17.64) | (13.29) | (31.25) | (19.24) | (24.82) | (23.84) | (27.82) | (12.17) | (23.70) |
| Investing Cash Flow | 21.30 | 16.37 | 16.26 | 11.47 | 15.30 | 15.82 | 26.66 | (0.01) | 0.00 | (18.50) | 10.23 | 6.57 | (22.25) | (99.39) | (1.86) | (4.27) | (0.13) | (0.15) | 0.00 | (0.59) |
| Financing Cash Flow | 9.99 | (0.02) | 0.67 | (0.01) | (0.07) | -- | 0.05 | 1.66 | 0.11 | 57.51 | (0.02) | (0.17) | 6.13 | -- | 0.00 | 0.01 | 0.00 | 0.18 | 154.90 | 149.14 |
* Derived from reported values
