Financial Statements — REED
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
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Accounts Receivable | 3.11 | 2.91 | 2.43 | 5.00 | 4.33 | 2.77 | 5.30 | 3.25 | 5.27 | 3.73 | 4.67 | 6.01 | 7.70 | 5.16 | 6.95 | 4.54 | 5.03 |
| Inventory | 6.99 | 8.05 | 10.57 | 13.18 | 12.33 | 9.25 | 10.22 | 12.02 | 15.96 | 13.69 | 15.30 | 19.92 | 24.19 | 20.85 | 15.51 | 13.70 | 12.45 |
| Total Current Assets | 13.66 | 16.85 | 18.08 | 21.89 | 22.67 | 14.06 | 17.73 | 18.18 | 23.50 | 19.53 | 21.81 | 28.85 | 34.62 | 28.83 | 26.22 | 21.63 | 20.44 |
| Property, Plant & Equipment | 1.14 | 1.19 | 1.20 | 1.17 | 1.21 | 0.34 | 0.38 | 0.44 | 0.56 | 0.54 | 0.69 | 0.83 | 0.89 | 0.94 | 0.82 | 0.89 | 0.95 |
| Intangible Assets | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 | 0.64 | 0.64 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.62 | 0.62 | 0.62 | 0.62 | 0.62 |
| Total Non-current Assets* | 1.79 | 1.84 | 1.85 | 1.82 | 1.85 | 0.97 | 1.02 | 1.07 | 1.19 | 1.17 | 1.31 | 1.45 | 1.51 | 1.56 | 1.51 | 1.57 | 1.63 |
| Total Assets | 15.45 | 18.69 | 19.93 | 23.71 | 24.52 | 15.03 | 18.75 | 19.25 | 24.69 | 20.70 | 23.12 | 30.30 | 36.13 | 30.39 | 27.73 | 23.20 | 22.08 |
| Accounts Payable | 6.20 | 5.06 | 5.83 | 8.48 | 7.95 | 8.31 | 8.43 | 8.48 | 9.07 | 7.20 | 11.17 | 9.57 | 12.68 | 16.36 | 8.87 | 6.55 | 8.13 |
| Total Current Liabilities | 16.15 | 15.20 | 16.36 | 21.15 | 19.03 | 36.99 | 37.10 | 25.03 | 27.68 | 23.11 | 26.76 | 25.31 | 27.80 | 25.43 | 19.12 | 11.16 | 14.75 |
| Total Non-current Liabilities* | 0.79 | 0.80 | 0.81 | 0.82 | 0.83 | 0.00 | 5.49 | 14.95 | 9.77 | 9.05 | 8.68 | 8.42 | 8.74 | 0.35 | 0.44 | 0.48 | 0.56 |
| Total Liabilities | 16.93 | 15.99 | 17.17 | 21.97 | 19.86 | 36.99 | 42.59 | 39.98 | 37.45 | 32.16 | 35.45 | 33.73 | 36.55 | 25.78 | 19.56 | 11.63 | 15.31 |
| Retained Earnings | (178.47) | (174.19) | (163.95) | (159.97) | (153.91) | (147.77) | (143.62) | (140.40) | (132.13) | (130.69) | (127.56) | (116.43) | (113.20) | (108.12) | (98.27) | (94.38) | (91.24) |
| Total Stockholder Equity | (1.48) | 2.69 | 2.76 | 1.74 | 4.66 | (21.95) | (23.85) | (20.72) | (12.76) | (11.46) | (12.32) | (3.44) | (0.42) | 4.62 | 8.18 | 11.57 | 6.77 |
* 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 | 7.49 | 7.14 | 7.48 | 7.03 | 9.52 | 10.03 | 9.73 | 6.75 | 11.87 | 9.60 | 11.69 | 11.86 | 10.01 | 11.16 | 15.04 | 12.09 | 13.73 | 12.18 | 12.78 | 13.40 |
| Cost of Revenue | 5.61 | 5.71 | 5.66 | 5.70 | 7.11 | 6.63 | 6.82 | 5.54 | 8.04 | 6.18 | 8.11 | 7.82 | 7.50 | 8.46 | 11.59 | 9.66 | 10.43 | 9.25 | 10.18 | 9.53 |
| Gross Profit | 1.79 | 0.70 | 1.53 | 1.22 | 0.81 | 3.40 | 2.92 | 1.22 | 3.83 | 3.41 | 0.47 | 4.03 | 2.51 | 2.70 | 3.45 | 2.44 | 3.30 | 2.93 | 2.60 | 3.87 |
| Selling, General & Admin | 3.04 | 4.05 | 2.66 | 2.86 | 3.76 | 2.02 | 3.87 | 1.79 | 1.98 | 1.47 | 1.69 | 1.41 | 1.31 | 1.71 | 2.17 | 1.42 | 1.78 | 2.12 | 1.74 | 1.79 |
| Total Operating Expenses | 5.85 | 6.91 | 5.04 | 5.33 | 6.60 | 5.14 | 6.58 | 4.35 | 4.50 | 4.06 | 5.42 | 4.18 | 4.26 | 5.28 | 7.11 | 4.89 | 7.84 | 7.11 | 6.96 | 7.53 |
| Operating Income | (4.06) | (6.21) | (3.51) | (4.10) | (5.79) | (1.74) | (3.66) | (3.14) | (0.67) | (0.65) | (4.95) | (0.14) | (1.75) | (2.58) | (3.66) | (2.45) | (4.54) | (4.18) | (4.36) | (3.65) |
| Interest Expense | 0.20 | 0.20 | 0.24 | 0.27 | 0.30 | 0.29 | 0.90 | 2.40 | 1.15 | 1.02 | 1.65 | 1.29 | 1.39 | 1.78 | 3.10 | 0.78 | 0.54 | 0.80 | 0.51 | 0.23 |
| Net Income | (4.27) | (6.46) | (3.78) | (3.98) | (6.05) | (2.03) | (4.12) | (4.15) | (3.21) | (1.67) | (6.60) | (1.44) | (3.13) | (4.36) | (6.77) | (3.23) | (5.08) | (4.98) | (4.87) | (3.89) |
| Basic EPS | (0.36) | (0.55) | (1.26) | (0.48) | (0.13) | (0.04) | 0.35 | (0.82) | (0.77) | (0.40) | (1.36) | (0.34) | (0.99) | (1.70) | (8.94) | (0.03) | (0.05) | (0.05) | -- | -- |
| Diluted EPS | (0.36) | (0.55) | (1.26) | (0.48) | (0.13) | (0.04) | 0.35 | (0.82) | (0.77) | (0.40) | (1.70) | (0.34) | (0.99) | -- | -- | -- | -- | -- | -- | -- |
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 | (2.17) | (5.84) | (3.81) | (2.82) | (5.05) | (5.36) | (3.87) | 1.05 | (0.91) | (2.39) | (0.18) | (1.80) | (3.40) | 1.12 | 0.98 | (0.18) | (14.12) | (2.21) | (2.28) | (5.00) |
| Capital Expenditures | -- | -- | 0.08 | 0.10 | 0.02 | 0.07 | 0.10 | 0.02 | 0.01 | 0.02 | 0.00 | 0.08 | -- | -- | -- | -- | -- | -- | 0.23 | 0.00 |
| Free Cash Flow* | -- | -- | (3.89) | (2.92) | (5.07) | (5.43) | (3.97) | 1.03 | (0.92) | (2.41) | (0.18) | (1.88) | -- | -- | -- | -- | -- | -- | (2.51) | (5.00) |
| Investing Cash Flow | -- | -- | (0.08) | (0.07) | (0.03) | (0.07) | (0.11) | (0.02) | (0.02) | (0.02) | -0.00 | (0.08) | 0.07 | -- | 0.00 | -0.00 | -- | -- | (0.23) | 0.00 |
| Financing Cash Flow | -- | -- | 10.18 | 4.35 | 2.89 | (0.09) | 14.06 | (1.05) | 0.94 | 2.12 | (0.22) | 2.44 | 3.32 | (1.18) | (0.47) | (0.08) | 14.28 | 2.28 | 1.63 | 5.28 |
* Derived from reported values
