Financial Statements — RCUS
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 | 0.15 | 0.20 | 0.24 | 0.25 | 0.19 | 0.20 | 0.16 | 0.19 | 0.18 | 0.23 | 0.24 | 0.22 | 0.27 | 0.55 | 0.18 | 0.32 | 0.39 |
| Total Current Assets | 0.76 | 0.84 | 0.86 | 0.95 | 1.03 | 1.13 | 1.02 | 1.06 | 0.88 | 0.99 | 1.01 | 1.10 | 1.23 | 1.26 | 0.55 | 0.75 | 0.84 |
| Property, Plant & Equipment | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 |
| Total Non-current Assets* | 0.17 | 0.15 | 0.12 | 0.13 | 0.13 | 0.13 | 0.16 | 0.23 | 0.31 | 0.23 | 0.24 | 0.29 | 0.25 | 0.28 | 0.29 | 0.15 | 0.09 |
| Total Assets | 0.92 | 1.00 | 0.97 | 1.08 | 1.16 | 1.25 | 1.19 | 1.29 | 1.19 | 1.22 | 1.25 | 1.39 | 1.48 | 1.54 | 0.84 | 0.90 | 0.94 |
| Accounts Payable | 0.03 | 0.04 | 0.04 | 0.03 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.03 | 0.01 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 |
| Total Current Liabilities | 0.20 | 0.21 | 0.24 | 0.21 | 0.19 | 0.22 | 0.20 | 0.20 | 0.20 | 0.18 | 0.18 | 0.18 | 0.16 | 0.16 | 0.14 | 0.13 | 0.13 |
| Long-term Debt | 0.10 | 0.10 | 0.10 | 0.10 | 0.05 | 0.05 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.26 | 0.26 | 0.30 | 0.32 | 0.43 | 0.47 | 0.35 | 0.38 | 0.47 | 0.47 | 0.48 | 0.52 | 0.57 | 0.59 | 0.15 | 0.16 | 0.14 |
| Total Liabilities* | 0.46 | 0.47 | 0.54 | 0.53 | 0.63 | 0.69 | 0.55 | 0.59 | 0.67 | 0.65 | 0.65 | 0.70 | 0.73 | 0.75 | 0.30 | 0.29 | 0.27 |
| Retained Earnings | (1.70) | (1.61) | (1.38) | (1.24) | (1.24) | (1.04) | (0.95) | (0.85) | (0.77) | (0.70) | (0.62) | (0.47) | (0.41) | (0.34) | (0.55) | (0.48) | (0.40) |
| Total Stockholder Equity | 0.46 | 0.52 | 0.44 | 0.55 | 0.53 | 0.56 | 0.64 | 0.71 | 0.52 | 0.57 | 0.60 | 0.70 | 0.75 | 0.80 | 0.54 | 0.60 | 0.66 |
* 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 | 33.00 | 7.00 | 11.00 | 6.00 | 8.00 | 8.00 | (181.00) | 48.00 | 39.00 | 145.00 | 31.00 | 32.00 | 29.00 | 25.00 | 33.66 | 33.58 | 26.76 | 18.01 | 354.50 | 9.46 |
| Research & Development | 113.00 | 122.00 | 121.00 | 141.00 | 139.00 | 122.00 | 101.00 | 123.00 | 115.00 | 109.00 | 93.00 | 82.00 | 84.00 | 81.00 | 80.20 | 76.68 | 69.91 | 61.21 | 49.94 | 71.25 |
| Selling, General & Admin | 24.00 | 29.00 | 26.00 | 27.00 | 29.00 | 28.00 | 28.00 | 30.00 | 30.00 | 32.00 | 29.00 | 30.00 | 28.00 | 30.00 | 27.90 | 26.29 | 25.84 | 23.97 | 23.30 | 16.34 |
| Total Operating Expenses | 137.00 | 151.00 | 147.00 | 168.00 | 168.00 | 150.00 | 129.00 | 153.00 | 145.00 | 161.00 | 122.00 | 112.00 | 112.00 | 111.00 | 108.10 | 102.98 | 95.74 | 85.19 | 73.23 | 87.60 |
| Operating Income | (96.00) | (134.00) | (114.00) | (142.00) | (8.00) | (122.00) | (103.00) | (105.00) | (106.00) | (16.00) | (91.00) | (80.00) | (83.00) | (86.00) | (74.44) | (69.40) | (68.98) | (67.18) | 281.27 | (78.14) |
| Pretax Income | (91.00) | (128.00) | (106.00) | (135.00) | 0.00 | (112.00) | (93.00) | (92.00) | (93.00) | (4.00) | (80.00) | (69.00) | (74.00) | (78.00) | (67.46) | (64.92) | (66.63) | (66.99) | 281.18 | -- |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 2.00 | 1.00 | 2.00 | -0.00 | 0.00 | 0.00 | 1.00 | 1.82 | -- |
| Net Income | (91.00) | (128.00) | (106.00) | (135.00) | 0.00 | (112.00) | (94.00) | (92.00) | (93.00) | (4.00) | (81.00) | (71.00) | (75.00) | (80.00) | (67.46) | (64.92) | (66.63) | (67.99) | 279.37 | (77.97) |
| Basic EPS | (0.72) | (1.02) | (0.88) | (1.27) | 0.00 | (1.14) | (1.07) | (1.00) | (1.02) | (0.05) | (1.08) | -- | -- | -- | (0.93) | (0.90) | -- | -- | 4.04 | (1.11) |
| Diluted EPS | (0.72) | (1.02) | (0.88) | (1.27) | 0.00 | (1.14) | (1.07) | (1.00) | (1.02) | (0.05) | (1.08) | -- | -- | -- | (0.93) | (0.90) | -- | -- | 3.99 | (1.11) |
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 | (119.00) | (138.00) | (120.00) | (97.00) | (133.00) | (132.00) | (100.00) | 26.00 | (94.00) | (2.00) | (88.00) | (63.00) | (57.00) | (98.00) | (69.74) | (80.96) | (65.30) | 654.00 | (62.10) | (53.76) |
| Capital Expenditures | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 1.00 | 1.00 | 1.00 | 0.00 | 4.00 | 6.00 | 10.00 | 5.00 | 3.00 | 0.38 | 1.32 | 1.51 | 2.79 | 8.51 | 7.86 |
| Free Cash Flow* | (119.00) | (138.00) | (121.00) | (97.00) | (133.00) | (133.00) | (101.00) | 25.00 | (94.00) | (6.00) | (94.00) | (73.00) | (62.00) | (101.00) | (70.12) | (82.28) | (66.82) | 651.21 | (70.61) | (61.61) |
| Investing Cash Flow | 52.00 | 114.00 | (182.00) | 79.00 | 137.00 | 32.00 | 51.00 | (29.00) | 63.00 | (169.00) | 28.00 | 11.00 | 26.00 | 129.00 | 46.81 | 23.45 | (215.20) | (268.06) | 18.91 | (88.61) |
| Financing Cash Flow | 16.00 | 3.00 | 286.00 | 8.00 | 52.00 | 142.00 | (2.00) | 48.00 | 2.00 | 229.00 | 3.00 | 6.00 | 23.00 | 1.00 | 11.20 | 2.53 | 4.35 | 14.93 | 11.67 | 1.32 |
* Derived from reported values
