Financial Statements — RDNW
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 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.05 | 0.06 | 0.04 | 0.05 | 0.04 | 0.07 | 0.06 | 0.07 | 0.02 | 0.00 |
| Accounts Receivable | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | 0.04 | 0.03 | 0.02 |
| Inventory | 0.31 | 0.30 | 0.27 | 0.27 | 0.27 | 0.29 | 0.35 | 0.35 | 0.36 | 0.33 | 0.33 | 0.32 | 0.25 | 0.23 | 0.17 | 0.02 | 0.02 |
| Total Current Assets | 0.40 | 0.38 | 0.36 | 0.37 | 0.36 | 0.39 | 0.46 | 0.45 | 0.48 | 0.45 | 0.47 | 0.42 | 0.38 | 0.36 | 0.29 | 0.08 | 0.05 |
| Property, Plant & Equipment | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.06 | 0.06 | 0.01 | 0.01 |
| Goodwill | -- | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | 0.02 | 0.02 | 0.02 | 0.27 | 0.25 | 0.35 | 0.26 | 0.03 | 0.03 |
| Intangible Assets | 0.13 | 0.13 | 0.00 | 0.00 | 0.16 | 0.20 | 0.20 | 0.20 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.30 | 0.30 | -- | -- |
| Total Non-current Assets* | 0.33 | 0.34 | 0.34 | 0.35 | 0.38 | 0.44 | 0.44 | 0.44 | 0.58 | 0.58 | 0.57 | 0.89 | 0.89 | 0.86 | 0.72 | 0.05 | 0.05 |
| Total Assets | 0.74 | 0.72 | 0.70 | 0.71 | 0.74 | 0.83 | 0.90 | 0.90 | 1.06 | 1.04 | 1.04 | 1.30 | 1.27 | 1.22 | 1.01 | 0.13 | 0.10 |
| Accounts Payable | -- | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.09 | 0.08 | 0.08 | 0.08 | 0.07 | 0.01 | 0.02 |
| Total Current Liabilities | 0.35 | 0.35 | 0.32 | 0.32 | 0.32 | 0.35 | 0.41 | 0.41 | 0.38 | 0.35 | 0.35 | 0.28 | 0.25 | 0.23 | 0.17 | 0.04 | 0.05 |
| Long-term Debt | 0.21 | 0.21 | 0.21 | 0.22 | 0.22 | 0.25 | 0.25 | 0.25 | -- | -- | -- | -- | -- | -- | 0.00 | -- | -- |
| Total Non-current Liabilities* | 0.39 | 0.39 | 0.39 | 0.40 | 0.40 | 0.40 | 0.39 | 0.39 | 0.50 | 0.50 | 0.49 | 0.53 | 0.54 | 0.52 | 0.44 | 0.05 | 0.05 |
| Total Liabilities | 0.75 | 0.74 | 0.71 | 0.72 | 0.71 | 0.75 | 0.80 | 0.81 | 0.88 | 0.85 | 0.85 | 0.81 | 0.79 | 0.75 | 0.60 | 0.09 | 0.10 |
| Retained Earnings | (0.71) | (0.72) | (0.71) | (0.70) | (0.67) | (0.60) | (0.59) | (0.59) | (0.42) | (0.41) | (0.39) | (0.09) | (0.09) | (0.10) | -- | (0.11) | (0.11) |
| Total Stockholder Equity | (0.01) | (0.02) | (0.01) | -0.00 | 0.03 | 0.08 | 0.09 | 0.09 | 0.18 | 0.18 | 0.19 | 0.49 | 0.49 | 0.47 | 0.41 | 0.04 | 0.00 |
* 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 | 296.80 | 260.40 | 256.90 | 281.00 | 299.90 | 244.70 | 269.60 | 295.00 | 336.80 | 307.80 | 299.25 | 338.11 | 382.73 | 346.30 | 317.08 | 470.27 | 546.10 | 459.92 | 444.62 | 221.21 |
| Cost of Revenue | 212.00 | 188.80 | 186.00 | 205.00 | 216.00 | 177.50 | 202.10 | 220.70 | 246.90 | 225.20 | 228.74 | 246.17 | 276.33 | 255.27 | 223.94 | 353.93 | 408.13 | 354.71 | 354.52 | 183.83 |
| Gross Profit | 84.80 | 71.60 | 70.90 | 76.00 | 83.90 | 67.20 | 67.50 | 74.30 | 89.90 | 82.60 | 70.52 | 91.95 | 106.40 | 91.04 | 93.14 | 116.35 | 137.96 | 105.21 | 90.10 | 37.39 |
| Selling, General & Admin | 6.90 | 6.80 | 7.40 | 7.60 | 8.00 | 7.10 | 7.30 | 65.90 | 71.40 | 73.90 | 74.94 | 84.96 | 100.31 | 87.10 | 91.97 | 96.19 | 100.16 | 78.08 | 14.24 | 16.39 |
| Total Operating Expenses | 66.90 | 64.00 | 65.50 | 66.60 | 102.70 | 63.40 | 108.10 | 69.00 | 60.06 | 77.40 | 139.75 | 92.23 | 105.58 | 91.84 | 448.44 | 60.09 | 106.03 | 82.55 | 74.21 | 92.83 |
| Operating Income | 17.90 | 7.60 | 5.40 | 9.40 | (18.80) | 3.80 | (40.60) | 5.30 | 15.40 | 5.20 | (69.23) | (0.29) | 0.82 | (0.80) | (355.30) | 13.59 | 31.93 | 22.66 | 15.89 | (22.70) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 16.10 | 21.30 | 19.83 | 18.33 | 17.75 | 16.81 | 12.60 | 13.28 | 11.18 | 8.30 | 4.58 |
| Pretax Income | 6.60 | (4.20) | (6.40) | (4.00) | (32.10) | (9.60) | (56.20) | (11.20) | (0.80) | (10.60) | (99.15) | (20.04) | (17.41) | (18.50) | (368.07) | 3.54 | 18.90 | 11.52 | 9.68 | (33.22) |
| Tax Provision | 0.10 | 0.10 | 0.00 | 0.10 | 0.10 | 0.10 | 0.20 | 0.00 | (0.10) | (0.30) | 69.03 | (3.56) | (4.57) | (1.60) | (80.34) | 0.50 | 4.87 | 2.38 | (10.98) | (10.68) |
| Net Income | 6.50 | (4.30) | (6.40) | (4.10) | (32.20) | (9.70) | (56.40) | (11.20) | (0.70) | (10.30) | (168.53) | (16.48) | (13.59) | (16.90) | (287.73) | 3.04 | 14.03 | 9.14 | 20.66 | (22.54) |
| Basic EPS | 0.17 | (0.11) | (0.16) | (0.11) | (0.85) | (0.26) | (1.59) | (0.32) | (0.02) | (0.29) | (9.29) | -- | -- | (1.04) | (18.12) | 0.19 | 0.87 | 0.58 | (5.32) | (0.45) |
| Diluted EPS | 0.16 | (0.11) | (0.16) | (0.11) | (0.85) | (0.26) | (1.59) | (0.32) | (0.02) | (0.29) | (9.29) | -- | -- | (1.04) | (18.12) | 0.19 | 0.87 | 0.58 | (5.27) | (0.45) |
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 | (0.10) | (27.60) | 0.40 | 11.50 | 10.90 | (6.90) | 30.80 | 39.40 | 29.20 | 3.00 | (19.57) | (13.03) | (6.29) | 8.86 | (23.54) | (45.32) | 18.70 | 31.27 | (2.40) | (12.31) |
| Capital Expenditures | 1.50 | 0.60 | 0.60 | 2.10 | 2.40 | 0.50 | 0.40 | 0.60 | 0.00 | 1.00 | 5.90 | 1.80 | 4.12 | 1.88 | 1.28 | 2.87 | 0.14 | 1.32 | (1.97) | 7.51 |
| Free Cash Flow* | (1.60) | (28.20) | (0.20) | 9.40 | 8.50 | (7.40) | 30.40 | 38.80 | 29.20 | 2.00 | (25.47) | (14.83) | (10.42) | 6.97 | (24.83) | (48.19) | 18.56 | 29.96 | (0.43) | (19.83) |
| Investing Cash Flow | (1.70) | (0.70) | 2.40 | (2.20) | (2.40) | (0.50) | 3.60 | (1.30) | (0.30) | (1.10) | (6.24) | (2.49) | (4.69) | (5.68) | (5.71) | (7.38) | (1.13) | (67.99) | (4.01) | (373.82) |
| Financing Cash Flow | 18.50 | 31.80 | (11.70) | (17.30) | (4.90) | (33.10) | -- | -- | -- | (15.50) | -- | -- | -- | 0.03 | 38.61 | 24.24 | (8.75) | 53.60 | (12.94) | 429.43 |
* Derived from reported values
