Financial Statements — QVCD
Balance Sheet
(in billions 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 | 1.51 | 1.42 | 1.37 | 0.36 | 0.31 | 0.30 | 0.32 | 0.31 | 0.28 | 0.65 | 0.42 | 0.52 | 0.41 | 0.52 | 0.63 | 0.74 | 0.64 |
| Accounts Receivable | 0.67 | 0.75 | 0.83 | 0.82 | 0.83 | 0.87 | 0.88 | 0.97 | 0.93 | 0.92 | 1.03 | 0.99 | 1.11 | 1.27 | 1.14 | 1.16 | 1.21 |
| Inventory | 0.81 | 0.86 | 1.02 | 1.01 | 1.00 | 1.11 | 0.95 | 0.96 | 1.02 | 0.93 | 1.03 | 1.39 | 1.41 | 1.47 | 1.48 | 1.21 | 1.17 |
| Total Current Assets | 3.14 | 3.18 | 3.36 | 2.32 | 2.27 | 2.44 | 2.32 | 2.38 | 2.38 | 2.65 | 2.61 | 3.04 | 3.11 | 3.45 | 3.59 | 3.45 | 3.33 |
| Property, Plant & Equipment | 0.29 | 0.30 | 0.32 | 0.37 | 0.39 | 0.41 | 0.40 | 0.41 | 0.43 | 0.44 | 0.46 | 0.50 | 0.73 | 0.93 | 1.09 | 1.09 | 1.11 |
| Goodwill | 0.78 | 0.78 | 0.81 | 0.82 | 2.23 | 3.16 | 3.11 | 3.13 | 3.44 | 3.47 | 3.48 | 3.40 | 5.88 | 5.94 | 5.99 | 6.00 | 6.00 |
| Intangible Assets | 0.25 | 0.28 | 0.36 | 0.41 | 0.40 | 3.05 | 3.07 | 3.09 | 3.13 | 3.15 | 3.17 | 3.19 | 3.38 | 3.39 | 3.41 | 3.43 | 3.44 |
| Total Non-current Assets* | 3.05 | 4.81 | 4.97 | 5.05 | 7.40 | 8.97 | 8.93 | 8.99 | 9.37 | 9.46 | 9.51 | 9.40 | 12.12 | 12.37 | 12.75 | 12.82 | 12.80 |
| Total Assets | 6.19 | 7.99 | 8.33 | 7.38 | 9.68 | 11.41 | 11.24 | 11.38 | 11.75 | 12.10 | 12.12 | 12.44 | 15.23 | 15.82 | 16.34 | 16.27 | 16.13 |
| Short-term Debt | 0.00 | 5.02 | 0.00 | 0.00 | 0.00 | 0.59 | 0.59 | 0.59 | 0.42 | 0.42 | 0.00 | 0.22 | 0.23 | 0.77 | 0.57 | 0.52 | 0.46 |
| Total Current Liabilities | 0.98 | 6.09 | 1.32 | 1.33 | 1.40 | 2.19 | 2.07 | 2.08 | 1.96 | 1.86 | 1.55 | 1.95 | 2.04 | 2.82 | 2.50 | 2.47 | 2.47 |
| Long-term Debt | 0.00 | 0.00 | 5.02 | 4.05 | 3.97 | 3.98 | 4.28 | 4.35 | 4.47 | 4.91 | 4.96 | 4.38 | 4.84 | 5.28 | 5.12 | 5.07 | 5.00 |
| Total Non-current Liabilities* | 5.78 | 0.69 | 5.75 | 4.79 | 4.94 | 4.52 | 4.84 | 4.99 | 5.20 | 5.63 | 6.11 | 5.26 | 5.53 | 5.42 | 5.57 | 5.57 | 5.57 |
| Total Liabilities | 6.76 | 6.78 | 7.07 | 6.11 | 6.34 | 6.71 | 6.91 | 7.07 | 7.16 | 7.48 | 7.66 | 7.21 | 7.58 | 8.23 | 8.07 | 8.04 | 8.04 |
| Retained Earnings | (9.80) | (9.77) | (9.78) | (9.79) | (7.62) | (6.30) | (6.31) | (6.35) | (6.04) | (6.05) | (6.16) | (5.02) | (2.75) | (2.97) | (2.51) | (2.56) | (2.68) |
| Total Stockholder Equity | (0.64) | 1.14 | 1.17 | 1.18 | 3.26 | 4.63 | 4.25 | 4.23 | 4.50 | 4.53 | 4.37 | 5.13 | 7.55 | 7.48 | 8.14 | 8.11 | 7.97 |
* Derived from reported values
Income Statement
(in billions 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 1.77 | 1.77 | 2.42 | 1.98 | 1.98 | 1.91 | 2.66 | 2.09 | 2.13 | 2.11 | 2.84 | 2.19 | 2.22 | 2.19 | 2.92 | 2.22 | 2.39 | 2.35 | 3.35 | 2.51 |
| Cost of Revenue* | 1.16 | 1.18 | 1.64 | 1.32 | 1.28 | 1.27 | 1.79 | -- | 1.37 | -- | -- | -- | 1.46 | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit* | 0.60 | 0.59 | 0.79 | 0.67 | 0.70 | 0.63 | 0.87 | -- | 0.76 | -- | -- | -- | 0.77 | -- | -- | -- | -- | -- | -- | -- |
| Total Operating Expenses | 0.54 | 0.53 | 0.65 | 0.57 | 2.98 | 0.61 | 0.75 | 0.56 | 0.60 | 1.95 | 2.95 | 2.04 | 1.85 | 1.96 | 2.81 | 4.30 | 1.95 | 2.22 | 2.96 | 2.20 |
| Operating Income | 0.06 | 0.06 | 0.14 | 0.09 | (2.27) | 0.03 | (1.25) | 0.16 | 0.16 | 0.16 | (0.11) | 0.15 | 0.37 | 0.23 | 0.11 | (2.08) | 0.44 | 0.13 | 0.39 | 0.32 |
| Pretax Income | -0.00 | (0.01) | 0.07 | 0.03 | (2.34) | (0.04) | (1.30) | 0.09 | 0.10 | 0.09 | (0.18) | 0.10 | 0.31 | 0.19 | 0.03 | (2.11) | 0.39 | 0.10 | 0.34 | 0.25 |
| Tax Provision | 0.02 | 0.01 | 0.02 | 0.02 | (0.19) | -0.00 | (0.09) | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.09 | 0.05 | (0.03) | 0.10 | 0.11 | 0.04 | 0.14 | 0.09 |
| Net Income | (0.03) | (0.02) | 0.04 | 0.00 | (2.16) | (0.04) | (1.22) | 0.05 | 0.05 | 0.05 | (0.23) | 0.05 | 0.21 | 0.12 | 0.05 | (2.23) | 0.27 | 0.04 | 0.18 | 0.14 |
* 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 | 154.00 | (98.00) | 245.00 | 76.00 | 52.00 | 46.00 | 189.00 | 98.00 | 164.00 | 84.00 | 330.00 | 173.00 | 414.00 | 177.00 | 232.00 | 133.00 | 62.00 | (18.00) | 491.00 | 33.00 |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 40.00 | -- | -- | -- | 34.00 | -- | -- |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 137.00 | -- | -- | -- | (52.00) | -- | -- |
| Investing Cash Flow | (42.00) | (25.00) | (33.00) | (30.00) | (84.00) | (74.00) | (69.00) | (46.00) | (62.00) | (29.00) | (64.00) | (38.00) | (70.00) | 125.00 | (91.00) | 483.00 | 264.00 | (18.00) | 29.00 | (58.00) |
| Financing Cash Flow | (13.00) | (10.00) | (24.00) | 973.00 | 63.00 | 15.00 | (102.00) | (91.00) | (89.00) | (39.00) | (249.00) | (491.00) | (105.00) | (243.00) | (325.00) | (492.00) | (409.00) | 61.00 | (630.00) | (78.00) |
* Derived from reported values