Financial Statements — QURE
Balance Sheet
(in billions USD)| Metric | 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 | 0.14 | 0.60 | 0.25 | 0.22 | 0.25 | 0.29 | 0.24 | 0.23 | 0.51 | 0.15 | 0.44 | 0.50 | 0.52 | 0.58 | 0.68 | 0.26 |
| Accounts Receivable | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.01 |
| Inventory | -- | -- | -- | -- | -- | -- | 0.01 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | -- | -- | -- | -- |
| Total Current Assets | 0.62 | 0.72 | 0.41 | 0.44 | 0.46 | 0.59 | 0.60 | 0.69 | 0.76 | 0.44 | 0.46 | 0.52 | 0.58 | 0.59 | 0.69 | 0.28 |
| Property, Plant & Equipment | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.03 |
| Goodwill | 0.02 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.03 | 0.00 | 0.00 |
| Intangible Assets | 0.07 | 0.07 | 0.08 | 0.07 | 0.08 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.05 | 0.06 | 0.06 | 0.06 | 0.00 | 0.00 |
| Total Non-current Assets | 0.16 | 0.17 | 0.18 | 0.17 | 0.18 | 0.14 | 0.17 | 0.18 | 0.19 | 0.19 | 0.17 | 0.18 | 0.18 | 0.18 | 0.09 | 0.08 |
| Total Assets | 0.78 | 0.89 | 0.58 | 0.61 | 0.65 | 0.73 | 0.77 | 0.87 | 0.94 | 0.63 | 0.64 | 0.70 | 0.76 | 0.77 | 0.78 | 0.36 |
| Accounts Payable | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 |
| Total Current Liabilities | 0.06 | 0.10 | 0.04 | 0.04 | 0.07 | 0.08 | 0.06 | 0.07 | 0.07 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 | 0.05 | 0.03 |
| Long-term Debt | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.07 | 0.07 | 0.07 |
| Total Non-current Liabilities | 0.57 | 0.56 | 0.55 | 0.54 | 0.52 | 0.55 | 0.56 | 0.53 | 0.52 | 0.15 | 0.15 | 0.17 | 0.17 | 0.14 | 0.10 | 0.10 |
| Total Liabilities | 0.63 | 0.66 | 0.59 | 0.57 | 0.59 | 0.63 | 0.62 | 0.60 | 0.59 | 0.22 | 0.22 | 0.21 | 0.21 | 0.18 | 0.15 | 0.14 |
| Retained Earnings | (1.38) | (1.29) | (1.21) | (1.17) | (1.06) | (1.01) | (0.96) | (0.82) | (0.73) | (0.66) | (0.59) | (0.54) | (0.50) | (0.46) | (0.43) | (0.83) |
| Total Stockholder Equity | 0.15 | 0.23 | -0.00 | 0.03 | 0.06 | 0.10 | 0.15 | 0.27 | 0.35 | 0.41 | 0.42 | 0.49 | 0.55 | 0.59 | 0.63 | 0.23 |
Income Statement
(in millions USD) (except per-share rows)| Metric | 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 | Q2
2021 |
|---|
| Total Revenue | 3.56 | 5.57 | 3.70 | 5.26 | 1.57 | 5.22 | 2.29 | 11.13 | 8.49 | 6.69 | 1.41 | 2.42 | 5.33 | 102.75 | 1.45 | 0.50 | 1.79 | 57.69 | 1.99 | 463.87 |
| Cost of Revenue | 0.22 | 0.44 | 0.40 | 0.66 | 0.20 | 0.62 | 0.26 | 0.23 | 0.15 | -- | -- | -- | -- | -- | -- | -- | -- | 1.80 | 0.00 | 23.18 |
| Gross Profit | 3.34 | 5.13 | 3.30 | 4.61 | 1.37 | 4.60 | 21.25 | 10.89 | 8.34 | -- | -- | -- | -- | -- | -- | -- | -- | 55.89 | 1.99 | 440.69 |
| Research & Development | 29.18 | 34.78 | 34.37 | 35.38 | 36.14 | 38.84 | 30.60 | 33.66 | 40.69 | 42.62 | 65.40 | 46.04 | 60.81 | 58.33 | 48.07 | 46.19 | 45.00 | 41.71 | 36.43 | 32.75 |
| Selling, General & Admin | 20.07 | 21.61 | 19.44 | 13.50 | 10.91 | 11.38 | 11.58 | 15.77 | 13.94 | 17.49 | 18.07 | 21.18 | 17.85 | 18.26 | 13.32 | 12.49 | 10.99 | 14.59 | 12.02 | 17.30 |
| Total Operating Expenses | 49.06 | 56.25 | 54.34 | 48.47 | 40.70 | 50.43 | 159.72 | 54.90 | 62.56 | -- | -- | -- | -- | -- | -- | -- | -- | 53.83 | 46.99 | 42.68 |
| Operating Income | (45.72) | (51.12) | (51.03) | (43.86) | (39.33) | (45.83) | (40.23) | (44.01) | (54.23) | (61.75) | (81.88) | (65.07) | (74.17) | 26.50 | (59.52) | (56.06) | (54.08) | 2.07 | (45.00) | 398.01 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 16.10 | 15.71 | 15.44 | 6.84 | 3.56 | 3.43 | 3.07 | 2.69 | 2.52 | 2.10 | 1.92 | 1.90 |
| Pretax Income | (53.05) | (41.00) | (71.90) | (37.29) | (43.14) | (72.40) | (44.41) | (55.35) | (64.96) | (70.17) | (89.64) | (68.31) | (78.43) | 6.60 | (48.19) | (39.38) | (47.29) | 7.87 | (36.44) | 402.73 |
| Tax Provision | 0.49 | (3.92) | 8.63 | 0.43 | 0.50 | 0.86 | (0.03) | 0.95 | 0.66 | 3.03 | (0.07) | 0.16 | (1.21) | (0.21) | (0.33) | (0.32) | (0.62) | (0.34) | 0.09 | 3.26 |
| Net Income | (53.53) | (37.09) | (80.53) | (37.72) | (43.64) | (73.26) | (44.38) | (56.30) | (65.62) | (73.21) | (89.57) | (68.47) | (77.23) | 6.81 | (47.86) | (39.06) | (46.68) | 8.21 | (36.53) | 399.47 |
| Basic EPS | (0.85) | (0.57) | (1.38) | (0.69) | (0.82) | (1.49) | (0.91) | (1.16) | (1.36) | (1.52) | (1.88) | (1.44) | (1.63) | 0.15 | (1.02) | (0.84) | (1.00) | 0.17 | (0.79) | 8.68 |
| Diluted EPS | (0.85) | (0.57) | (1.38) | (0.69) | (0.82) | (1.49) | (0.91) | (1.16) | (1.36) | (1.52) | (1.88) | (1.44) | (1.63) | 0.15 | (1.02) | (0.84) | (1.00) | 0.17 | (0.79) | 8.51 |
Cash Flow Statement
(in millions USD)| Metric | 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 | Q2
2021 |
|---|
| Operating Cash Flow | (38.24) | (77.57) | (16.40) | (39.90) | (44.10) | (52.84) | (36.60) | (32.71) | (60.57) | (49.54) | 38.91 | (57.00) | (78.30) | (54.68) | (48.99) | (15.68) | (25.71) | (47.09) | (40.16) | 416.48 |
| Capital Expenditures | 0.14 | 0.12 | (0.07) | 0.26 | 0.13 | 0.04 | 0.38 | 0.60 | 2.34 | 2.04 | 1.70 | 1.07 | 2.34 | 5.07 | 3.99 | 4.58 | 4.06 | 3.55 | 7.69 | 2.32 |
| Free Cash Flow* | (38.38) | (77.69) | (16.33) | (40.15) | (44.23) | (52.88) | (36.98) | (33.31) | (62.92) | (51.58) | 37.21 | (58.07) | (80.64) | (59.75) | (52.98) | (20.26) | (29.77) | (50.64) | (47.85) | 414.16 |
| Investing Cash Flow | 98.56 | (441.37) | 26.58 | 73.07 | 20.10 | (26.62) | 47.67 | 77.94 | 63.99 | 59.56 | (314.07) | 45.83 | 2.99 | (168.21) | (5.06) | (4.58) | (4.88) | (3.55) | (57.64) | (2.31) |
| Financing Cash Flow | 0.55 | 2.45 | 332.24 | 0.04 | 80.67 | (6.52) | (53.02) | 0.05 | -- | 0.05 | (7.59) | 370.14 | 0.13 | 0.60 | 0.30 | 0.06 | 0.49 | 29.89 | (0.16) | 2.51 |
* Derived from reported values
