Financial Statements — RCAT
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
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | -- | -- | -- | 4.61 | 7.73 | 7.82 | 1.42 | 0.95 | -- | -- | -- | -- | -- | 66.12 |
| Accounts Receivable | 9.54 | 10.57 | 6.11 | 1.01 | 1.55 | 5.09 | 2.99 | 0.72 | 2.06 | 0.92 | 0.93 | 0.89 | 0.39 | 0.27 |
| Inventory | 73.39 | 50.53 | 22.64 | 16.17 | 13.85 | 9.09 | 9.26 | 9.38 | 9.29 | 6.56 | 4.58 | 2.34 | 1.99 | 0.88 |
| Total Current Assets | 425.11 | 209.66 | 248.80 | 91.57 | 29.41 | 27.94 | 23.26 | 26.52 | 40.53 | 44.82 | 51.18 | 61.25 | 64.63 | 69.73 |
| Property, Plant & Equipment | 19.09 | 14.15 | 2.63 | 2.13 | 1.97 | 2.48 | 2.57 | 2.55 | 2.08 | 1.70 | 1.03 | 0.26 | 0.14 | -- |
| Goodwill | 45.26 | 31.52 | 17.67 | 17.67 | 17.67 | 17.01 | 17.01 | 17.01 | 19.84 | 19.84 | 25.14 | 26.03 | 26.03 | 11.65 |
| Intangible Assets | 16.89 | 8.65 | 5.30 | 5.67 | 6.05 | 6.67 | 6.89 | 7.11 | 7.56 | 7.78 | 2.64 | 1.98 | 2.00 | 2.02 |
| Total Non-current Assets | 102.37 | 72.22 | 37.22 | 29.79 | 30.24 | 27.38 | 27.34 | 27.63 | 30.56 | 30.23 | 29.79 | 29.14 | 28.74 | 13.67 |
| Total Assets | 527.49 | 281.89 | 286.02 | 121.37 | 59.66 | 55.32 | 50.61 | 54.15 | 71.09 | 75.04 | 80.97 | 90.38 | 93.37 | 83.40 |
| Accounts Payable | 12.78 | 9.24 | 2.97 | 1.48 | 1.52 | 2.28 | 1.62 | 0.82 | 2.44 | 1.65 | 0.94 | 0.87 | 0.36 | 0.92 |
| Short-term Debt | 0.89 | 0.35 | 0.35 | 0.35 | 0.35 | 0.90 | 0.95 | 0.94 | 0.91 | 0.90 | 0.88 | 1.13 | 1.34 | -- |
| Total Current Liabilities | 28.61 | 19.08 | 23.89 | 24.13 | 28.91 | 5.23 | 4.41 | 3.58 | 5.14 | 4.52 | 4.55 | 5.13 | 5.85 | 4.56 |
| Long-term Debt | 0.89 | 0.35 | -- | -- | -- | -- | 0.09 | 0.25 | 0.55 | 0.69 | 0.84 | 1.34 | 1.43 | -- |
| Total Non-current Liabilities | 27.70 | 24.07 | 8.86 | 1.67 | 1.84 | 0.52 | 0.33 | 0.58 | 1.06 | 1.30 | 1.51 | 1.91 | 1.99 | 1.62 |
| Total Liabilities* | 56.31 | 43.15 | 32.75 | 25.80 | 30.74 | 5.74 | 4.73 | 4.16 | 6.20 | 5.82 | 6.06 | 7.04 | 7.84 | 6.18 |
| Retained Earnings | (258.63) | (223.37) | (177.16) | (161.15) | (147.87) | (71.57) | (66.08) | (60.40) | (43.22) | (37.56) | (31.31) | (22.67) | (20.11) | (17.37) |
| Total Stockholder Equity | 471.18 | 238.74 | 253.27 | 95.57 | 28.91 | 49.57 | 45.87 | 49.99 | 64.89 | 69.23 | 74.91 | 83.34 | 85.53 | 77.22 |
* 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 | Q4
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Total Revenue | 20.19 | 15.47 | 26.23 | 9.65 | 1.13 | 0.89 | 6.31 | 5.85 | 3.93 | 1.75 | 2.21 | 3.11 | 1.53 | 3.07 | 1.31 | 1.88 | 1.86 | 1.86 | 1.40 |
| Cost of Revenue | 16.93 | 13.51 | 25.12 | 9.01 | 2.84 | 2.48 | 5.11 | 4.75 | 2.73 | 1.57 | 3.24 | 3.00 | 1.30 | 2.71 | 0.98 | 1.58 | 1.52 | 1.71 | 1.29 |
| Gross Profit | 3.26 | 1.97 | 1.11 | 0.64 | 0.38 | (0.85) | 1.20 | 1.10 | 1.20 | 0.17 | (1.03) | 0.10 | 0.23 | 0.36 | 0.33 | 0.30 | 0.34 | 0.15 | 0.10 |
| Research & Development | 14.22 | 7.97 | 4.89 | 5.97 | 3.60 | 3.43 | 0.64 | 2.13 | 1.99 | 1.14 | 2.06 | 1.30 | 1.35 | 0.53 | 1.06 | 0.15 | 0.81 | 0.49 | 0.24 |
| Selling, General & Admin | 21.25 | 16.72 | 16.54 | 9.22 | 6.24 | 4.88 | 6.35 | 1.43 | 1.46 | 1.44 | 2.07 | 1.51 | 1.92 | 1.12 | 2.28 | 0.16 | 1.34 | 1.05 | 0.88 |
| Total Operating Expenses | 41.91 | 29.27 | 25.05 | 18.17 | 13.02 | 11.63 | 5.06 | 5.55 | 5.76 | 5.19 | 10.10 | 5.63 | 7.01 | 4.06 | 5.73 | 3.16 | 3.50 | 2.91 | 1.78 |
| Operating Income | (38.65) | (27.30) | (23.94) | (17.53) | (12.65) | (12.48) | (7.51) | (4.45) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Interest Expense | -- | -- | -- | -- | (0.01) | (0.02) | 0.01 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | -- | 0.05 | 0.05 | 0.02 |
| Pretax Income | (35.24) | (26.55) | (19.91) | (15.32) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.02 | 0.01 | (0.25) | 0.69 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (35.26) | (26.55) | (19.66) | (16.02) | (13.28) | (23.12) | (7.07) | (5.49) | (5.68) | (5.81) | (11.37) | (5.67) | (6.24) | (3.81) | (4.83) | (3.15) | (2.56) | (2.74) | (1.56) |
| Basic EPS | (0.26) | (0.22) | (0.15) | (0.16) | (0.15) | (0.27) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | (0.26) | (0.22) | (0.15) | (0.16) | (0.15) | (0.27) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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
2021 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Operating Cash Flow | (46.80) | (31.94) | (36.48) | (23.85) | (12.90) | (15.91) | -- | (4.11) | (4.31) | (6.93) | (7.80) | (7.86) | (8.72) | (4.81) | (0.48) | (3.47) | (4.50) | (4.07) |
| Capital Expenditures | 5.77 | 6.78 | 5.40 | 0.67 | 0.31 | 0.27 | 0.07 | 0.04 | 0.13 | 0.01 | 0.71 | 0.45 | 0.74 | 0.54 | -- | 0.06 | 0.03 | -- |
| Free Cash Flow* | (52.58) | (38.73) | (41.88) | (24.52) | (13.20) | (16.18) | -- | (4.16) | (4.45) | (6.93) | (8.52) | (8.32) | (9.46) | (5.36) | -- | (3.53) | (4.53) | -- |
| Investing Cash Flow | (6.20) | (6.78) | -- | -- | -- | -- | -- | 2.58 | 5.18 | 4.88 | 7.29 | 10.34 | 4.30 | 7.66 | 0.00 | (48.54) | 0.01 | 0.01 |
| Financing Cash Flow | 246.64 | 2.78 | -- | -- | -- | -- | -- | 8.25 | (0.14) | (0.15) | (0.12) | (0.16) | (0.24) | (0.69) | 0.29 | 47.56 | (50.08) | 69.90 |
* Derived from reported values
