Financial Statements — REAL
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 | 0.12 | 0.12 | 0.11 | 0.09 | 0.14 | 0.15 | 0.15 | 0.17 | 0.17 | 0.19 | 0.25 | 0.30 | 0.32 | 0.36 | 0.44 | 0.49 | 0.55 |
| Accounts Receivable | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventory | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.06 | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 |
| Total Current Assets | 0.19 | 0.20 | 0.18 | 0.16 | 0.21 | 0.21 | 0.21 | 0.23 | 0.23 | 0.24 | 0.31 | 0.40 | 0.42 | 0.46 | 0.54 | 0.57 | 0.62 |
| Property, Plant & Equipment | 0.10 | 0.10 | 0.09 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.11 | 0.11 | 0.10 | 0.10 | 0.09 | 0.09 | 0.08 | 0.08 | 0.07 |
| Total Non-current Assets* | 0.18 | 0.18 | 0.18 | 0.19 | 0.19 | 0.19 | 0.20 | 0.21 | 0.22 | 0.22 | 0.20 | 0.24 | 0.23 | 0.23 | 0.23 | 0.22 | 0.21 |
| Total Assets | 0.38 | 0.39 | 0.37 | 0.35 | 0.40 | 0.41 | 0.41 | 0.43 | 0.45 | 0.46 | 0.51 | 0.63 | 0.65 | 0.70 | 0.77 | 0.80 | 0.83 |
| Accounts Payable | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.23 | 0.24 | 0.23 | 0.20 | 0.24 | 0.23 | 0.21 | 0.19 | 0.18 | 0.17 | 0.18 | 0.19 | 0.17 | 0.18 | 0.17 | 0.16 | 0.14 |
| Total Non-current Liabilities* | 0.52 | 0.50 | 0.53 | 0.49 | 0.50 | 0.53 | 0.53 | 0.56 | 0.57 | 0.57 | 0.57 | 0.58 | 0.58 | 0.59 | 0.49 | 0.48 | 0.48 |
| Total Liabilities | 0.76 | 0.75 | 0.75 | 0.69 | 0.74 | 0.75 | 0.74 | 0.76 | 0.74 | 0.73 | 0.76 | 0.78 | 0.76 | 0.77 | 0.66 | 0.64 | 0.62 |
| Retained Earnings | (1.28) | (1.26) | (1.26) | (1.20) | (1.19) | (1.19) | (1.17) | (1.15) | (1.10) | (1.07) | (1.03) | (0.91) | (0.87) | (0.81) | (0.72) | (0.66) | (0.59) |
| Total Stockholder Equity | (0.38) | (0.36) | (0.39) | (0.34) | (0.34) | (0.35) | (0.34) | (0.33) | (0.29) | (0.28) | (0.24) | (0.14) | (0.11) | (0.07) | 0.11 | 0.15 | 0.21 |
* 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 | 192.57 | 189.72 | 194.05 | 173.57 | 165.19 | 160.03 | 164.00 | 147.76 | 144.93 | 143.80 | 143.37 | 133.17 | 130.85 | 141.90 | 159.66 | 142.70 | 154.44 | 146.70 | 145.13 | 118.84 |
| Cost of Revenue | 49.37 | 48.38 | 48.85 | 44.65 | 42.51 | 40.01 | 41.93 | 37.04 | 37.47 | 36.52 | 37.32 | 39.10 | 44.68 | 51.92 | 63.05 | 56.93 | 66.75 | 68.08 | 64.50 | 47.74 |
| Gross Profit | 143.20 | 141.33 | 145.20 | 128.92 | 122.68 | 120.02 | 122.06 | 110.71 | 107.47 | 107.28 | 106.05 | 94.07 | 86.17 | 89.98 | 96.61 | 85.78 | 87.69 | 78.62 | 80.63 | 71.10 |
| Selling, General & Admin | 52.40 | 52.33 | 51.98 | 51.62 | 48.03 | 49.96 | 46.37 | 47.51 | 47.08 | 46.77 | 43.49 | 44.79 | 44.33 | 49.85 | 47.79 | 46.86 | 52.25 | 48.26 | 43.63 | 44.91 |
| Total Operating Expenses | 145.49 | 143.61 | 138.93 | 136.47 | 132.56 | 132.79 | 127.22 | 125.32 | 126.26 | 125.22 | 127.11 | 116.56 | 127.12 | 171.78 | 134.56 | 131.31 | 138.67 | 133.32 | 126.81 | 122.26 |
| Operating Income | (2.28) | (2.27) | 6.27 | (7.55) | (9.88) | (12.77) | (5.15) | (14.60) | (18.80) | (17.94) | (21.06) | (22.49) | (40.94) | (81.80) | (37.94) | (45.53) | (50.98) | (54.71) | (46.18) | (51.16) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.75 | 2.68 | 2.67 | 2.68 | 2.67 | 2.46 | 2.68 | 2.68 | 2.66 | 6.16 | 6.07 |
| Pretax Income | (27.13) | 39.04 | (38.63) | (54.03) | (11.28) | 62.50 | (68.36) | (17.87) | (16.67) | (31.03) | (21.66) | (22.90) | (41.22) | (82.41) | (38.53) | (47.19) | (53.13) | (57.41) | (52.22) | (57.17) |
| Tax Provision | 0.10 | 0.11 | 0.16 | 0.02 | 0.09 | 0.10 | 0.10 | 0.07 | 0.04 | 0.07 | 0.04 | 0.05 | 0.11 | 0.09 | 0.08 | 0.06 | 0.03 | 0.00 | (0.03) | 0.03 |
| Net Income | (27.23) | 38.94 | (38.78) | (54.05) | (11.37) | 62.40 | (68.45) | (17.94) | (16.71) | (31.10) | (21.69) | (22.95) | (41.33) | (82.50) | (38.61) | (47.26) | (53.16) | (57.41) | (52.19) | (57.20) |
| Basic EPS | (0.23) | 0.33 | (0.35) | (0.47) | (0.10) | 0.56 | (0.62) | (0.16) | (0.16) | (0.30) | (0.19) | (0.22) | (0.41) | (0.83) | (0.39) | (0.49) | (0.56) | (0.61) | (0.56) | (0.62) |
| Diluted EPS | (0.23) | (0.07) | 0.06 | (0.49) | (0.13) | (0.14) | (0.57) | (0.17) | (0.20) | (0.30) | (0.19) | (0.22) | (0.41) | (0.83) | (0.39) | (0.49) | (0.56) | (0.61) | (0.56) | (0.62) |
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 | 1.62 | (16.62) | 49.52 | 19.33 | (3.57) | (28.27) | 27.99 | 9.07 | (6.75) | (3.47) | 10.52 | (10.93) | (30.42) | (30.43) | 3.70 | (7.35) | (38.55) | (49.35) | (18.76) | (35.07) |
| Capital Expenditures | 4.03 | 7.47 | 3.69 | 2.44 | 7.80 | 4.71 | 5.08 | 4.03 | 3.00 | 2.14 | 3.65 | 5.76 | 8.06 | 11.71 | 6.45 | 6.81 | 4.46 | 5.14 | 7.17 | 9.66 |
| Free Cash Flow* | (2.41) | (24.09) | 45.83 | 16.89 | (11.37) | (32.98) | 22.91 | 5.05 | (9.76) | (5.61) | 6.87 | (16.70) | (38.48) | (42.14) | (2.75) | (14.16) | (43.01) | (54.50) | (25.93) | (44.73) |
| Investing Cash Flow | (7.70) | (10.64) | (6.92) | (5.61) | (10.83) | (5.86) | (8.83) | (6.48) | (4.96) | (5.32) | (6.73) | (8.12) | (11.36) | (15.92) | (10.67) | (10.04) | (7.77) | (8.45) | (9.68) | (12.29) |
| Financing Cash Flow | 1.23 | (0.02) | 0.16 | 0.36 | (30.85) | 1.47 | (0.13) | (0.16) | (3.54) | (0.93) | 0.26 | (0.07) | 0.33 | (0.29) | 0.32 | 1.94 | 1.21 | 0.64 | 1.81 | 0.53 |
* Derived from reported values
