Financial Statements — RLAY
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 | 0.20 | 0.09 | 0.11 | 0.09 | 0.15 | 0.13 | 0.15 | 0.15 | 0.15 | 0.16 | 0.35 | 0.11 | 0.12 | 0.23 | 0.26 | 0.26 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 |
| Total Current Assets | 0.93 | 0.66 | 0.62 | 0.68 | 0.74 | 0.87 | 0.70 | 0.77 | 0.83 | 0.88 | 0.96 | 1.09 | 0.86 | 0.92 | 0.64 | 0.68 | 0.74 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Intangible Assets | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- |
| Total Non-current Assets* | 0.04 | 0.04 | 0.05 | 0.05 | 0.06 | 0.06 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.08 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 |
| Total Assets | 0.97 | 0.70 | 0.67 | 0.73 | 0.80 | 0.93 | 0.77 | 0.84 | 0.91 | 0.96 | 1.04 | 1.17 | 0.89 | 0.95 | 0.67 | 0.71 | 0.77 |
| Accounts Payable | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.05 | 0.03 | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 | 0.07 | 0.07 | 0.07 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 |
| Total Non-current Liabilities* | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 | 0.06 | 0.08 | 0.08 | 0.08 | 0.10 | 0.07 | 0.07 | 0.07 | 0.07 | 0.02 |
| Total Liabilities | 0.08 | 0.06 | 0.06 | 0.06 | 0.08 | 0.09 | 0.09 | 0.10 | 0.13 | 0.15 | 0.15 | 0.17 | 0.11 | 0.11 | 0.10 | 0.10 | 0.04 |
| Retained Earnings | (2.17) | (2.09) | (1.96) | (1.89) | (1.82) | (1.66) | (1.57) | (1.48) | (1.32) | (1.25) | (1.15) | (0.99) | (0.91) | (0.83) | (0.70) | (0.64) | (0.45) |
| Total Stockholder Equity | 0.89 | 0.64 | 0.61 | 0.67 | 0.72 | 0.84 | 0.68 | 0.75 | 0.78 | 0.81 | 0.88 | 1.00 | 0.78 | 0.84 | 0.57 | 0.62 | 0.73 |
* 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 | 0.35 | 3.00 | 7.00 | 0.00 | 0.68 | 7.68 | 0.00 | 10.01 | 10.01 | 10.01 | -0.00 | 25.20 | 0.12 | 0.23 | 0.25 | 0.34 | 0.37 | 0.42 | 0.57 | 0.67 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 14.69 | 11.03 | 12.22 | 12.13 | 13.63 | 18.74 | 16.90 | 19.75 | 20.14 | 19.80 | 16.77 | 18.49 | 20.12 | 19.58 | 16.37 | 16.07 | 17.47 | 16.07 | 15.55 | 14.68 |
| Total Operating Expenses | 91.17 | 81.59 | 67.63 | 80.39 | 77.52 | 92.55 | 84.98 | 96.37 | 100.76 | 100.37 | 92.20 | 98.78 | 106.17 | 101.40 | 73.10 | 86.24 | 78.18 | 63.14 | 68.29 | 61.66 |
| Operating Income | (90.82) | (78.59) | (60.63) | (80.39) | (76.85) | (84.87) | (84.98) | (96.37) | (100.76) | (90.36) | (92.20) | (73.58) | (106.05) | (101.18) | (72.85) | (85.89) | (77.81) | (62.72) | (67.72) | (60.99) |
| Net Income | (83.71) | (73.29) | (54.89) | (74.15) | (70.37) | (77.06) | (76.00) | (88.10) | (92.21) | (81.39) | (83.49) | (65.73) | (98.50) | (94.24) | (67.50) | (84.17) | (76.79) | (62.05) | (67.46) | (60.83) |
| Basic EPS | (0.41) | (0.41) | (0.31) | (0.43) | (0.41) | (0.46) | (0.42) | (0.63) | (0.69) | (0.62) | (0.66) | (0.54) | (0.81) | (0.78) | (0.55) | (0.76) | -- | -- | -- | -- |
| Diluted EPS | (0.41) | (0.41) | (0.31) | (0.43) | (0.41) | (0.46) | (0.42) | (0.63) | (0.69) | (0.62) | (0.66) | (0.54) | (0.81) | (0.78) | (0.55) | (0.76) | -- | -- | -- | -- |
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 | (54.11) | (51.11) | (44.86) | (62.12) | (55.26) | (73.21) | (57.87) | (75.08) | (65.83) | (50.32) | (89.19) | (75.40) | (68.60) | (67.13) | (57.08) | (66.14) | (57.09) | (49.17) | (39.71) | (53.20) |
| Capital Expenditures | 0.00 | -- | 0.00 | -0.00 | 0.03 | 0.38 | 0.00 | 0.23 | 0.01 | 1.78 | 0.12 | 0.59 | 1.50 | 1.92 | 2.32 | 2.10 | 1.86 | 2.79 | 0.88 | 1.74 |
| Free Cash Flow* | (54.11) | -- | (44.87) | (62.12) | (55.29) | (73.59) | (57.87) | (75.31) | (65.84) | (52.10) | (89.31) | (75.99) | (70.10) | (69.04) | (59.39) | (68.24) | (58.95) | (51.97) | (40.59) | (54.93) |
| Investing Cash Flow | (353.03) | 32.90 | 35.46 | 39.73 | 75.15 | 42.47 | 29.00 | (126.16) | 45.55 | 10.53 | 59.68 | 71.36 | 51.28 | 75.31 | (146.94) | 27.19 | 43.39 | (112.38) | (292.74) | 20.79 |
| Financing Cash Flow | 323.74 | 138.78 | 0.93 | 0.02 | 0.65 | -- | 0.80 | 218.89 | 1.54 | 48.92 | 21.92 | 9.46 | 2.08 | 1.30 | 1.17 | 285.87 | 2.00 | 0.88 | 384.01 | 0.90 |
* Derived from reported values
