Financial Statements — QCLS
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 | 0.31 | 1.13 | -- | -- | 0.07 | 1.19 | 0.54 | 0.23 | 0.30 | 0.09 | 0.19 | 0.31 | 1.12 | 1.19 | 1.38 | 2.13 | 0.57 |
| Short-term Investments | 10.68 | 11.85 | 3.09 | 3.61 | 5.81 | 9.45 | 12.53 | 1.51 | 8.17 | 11.53 | 15.36 | 6.77 | 4.51 | 8.00 | 14.00 | 19.50 | 30.48 |
| Total Current Assets | 11.74 | 13.71 | 11.15 | 5.15 | 6.78 | 12.03 | 14.36 | 2.46 | 9.74 | 13.14 | 16.29 | 8.08 | 6.99 | 10.07 | 15.95 | 22.37 | 34.30 |
| Property, Plant & Equipment | 0.14 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Goodwill | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | 10.50 | -- |
| Intangible Assets | -- | 14.09 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets | 11.12 | 24.59 | 26.09 | 12.00 | 12.00 | 12.02 | 12.02 | 12.03 | 12.09 | 12.11 | 12.12 | 12.15 | 12.17 | 12.13 | 12.06 | 12.07 | 1.50 |
| Total Assets | 22.87 | 38.29 | 37.23 | 17.15 | 18.78 | 24.04 | 26.38 | 14.49 | 21.83 | 25.25 | 28.41 | 20.23 | 19.16 | 22.20 | 28.01 | 34.45 | 35.80 |
| Accounts Payable | 1.34 | 1.38 | 3.18 | 2.68 | 2.59 | 4.16 | 4.62 | 3.86 | 2.03 | 2.16 | 1.37 | 1.72 | 2.84 | 2.42 | 2.05 | 3.30 | 2.34 |
| Total Current Liabilities | 3.57 | 3.69 | 6.53 | 5.55 | 4.94 | 6.99 | 5.78 | 3.97 | 5.70 | 2.43 | 1.63 | 1.78 | 2.90 | 2.47 | 2.09 | 3.35 | 2.37 |
| Total Non-current Liabilities* | 0.23 | 10.91 | 9.38 | 0.00 | 0.00 | 0.00 | 20.22 | 0.28 | 0.02 | 11.32 | 12.78 | 0.12 | 0.14 | 0.11 | 0.03 | 0.03 | 0.00 |
| Total Liabilities | 3.79 | 14.60 | 15.91 | 5.55 | 4.94 | 6.99 | 26.00 | 4.25 | 5.72 | 13.75 | 14.40 | 1.90 | 3.04 | 2.58 | 2.12 | 3.37 | 2.37 |
| Retained Earnings | (152.19) | (145.65) | (137.56) | (133.85) | (131.08) | (126.00) | (123.32) | (112.98) | (97.09) | (99.97) | (95.43) | (90.01) | (86.32) | (82.68) | (75.32) | (69.85) | (138.65) |
| Total Stockholder Equity* | 16.09 | 20.72 | 14.32 | 5.28 | 8.69 | 16.78 | 0.10 | 9.94 | 15.50 | 10.74 | 13.09 | 18.33 | 16.12 | 19.62 | 25.89 | (1.73) | 33.42 |
* 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 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 0.24 | 0.51 | 0.70 | 0.36 | 0.87 | 1.55 | 1.13 | 0.71 | 0.40 | 1.20 | 2.96 | 1.91 | 2.22 | 0.77 | 2.47 | 1.80 | 2.16 | 2.63 | 0.75 | -- |
| Selling, General & Admin | 1.00 | 1.07 | 1.03 | 0.97 | 0.89 | 0.84 | 0.97 | 1.10 | 1.02 | 1.07 | 1.24 | 1.33 | 1.88 | 0.99 | 1.22 | 1.55 | 1.35 | 1.40 | 1.56 | 1.64 |
| Total Operating Expenses | 3.61 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (6.79) | (1.86) | (3.71) | (1.79) | (1.87) | (2.47) | (2.19) | (1.83) | (3.37) | (2.78) | (4.91) | (3.84) | (5.78) | (2.59) | (3.81) | (3.71) | (3.64) | (4.12) | (4.63) | (4.41) |
| Pretax Income | (6.62) | (1.24) | (5.89) | (2.81) | (1.80) | (1.12) | (2.06) | (1.93) | (9.57) | (9.80) | (2.36) | 4.04 | (4.17) | (1.51) | (3.75) | (3.69) | (3.64) | (4.12) | (4.88) | (5.47) |
| Net Income | (6.62) | (1.24) | (5.89) | (2.81) | (1.80) | (1.12) | (2.06) | (1.93) | (9.57) | (9.80) | (2.36) | 4.04 | (4.17) | (1.51) | (3.75) | (3.69) | (3.64) | (4.12) | (3.24) | (5.47) |
| Basic EPS | (0.79) | (0.19) | (5.62) | (2.50) | (0.18) | (0.36) | (0.36) | (1.11) | (4.54) | (5.14) | (5.24) | 0.06 | (0.11) | (0.04) | (0.09) | (0.09) | -- | -- | -- | -- |
| Diluted EPS | (0.79) | (0.19) | (5.62) | (2.50) | (0.18) | (0.36) | (0.36) | (1.11) | (4.54) | (5.14) | (5.25) | 0.06 | (0.11) | -- | -- | -- | -- | -- | -- | -- |
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 | (1.82) | (3.29) | (3.20) | (1.16) | (2.07) | (2.64) | (0.76) | (3.63) | (2.67) | (1.91) | (1.93) | (3.16) | (3.92) | (3.97) | (2.25) | (4.09) | (3.57) | (2.37) | (4.81) | (6.45) |
| Capital Expenditures | 0.15 | 1.75 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (1.96) | (5.04) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | 1.04 | 2.97 | (11.67) | (1.49) | 2.20 | 2.54 | 1.10 | 3.09 | (11.02) | 0.73 | 5.93 | 3.36 | 3.83 | (11.27) | 2.69 | (2.27) | 3.49 | 3.00 | 3.00 | 5.50 |
| Financing Cash Flow | (0.04) | 0.45 | 8.95 | 9.35 | -- | -- | (1.36) | 1.20 | 14.00 | (1.28) | (1.62) | 0.00 | 0.00 | 14.69 | 0.00 | 5.55 | -- | 1.79 | 0.99 | 0.19 |
* Derived from reported values
