Financial Statements — RNAC
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 |
|---|
| Cash & Equivalents | 147.61 | 118.64 | 143.38 | 160.32 | 180.43 | 219.20 | 87.23 | 103.42 | 79.60 | 112.03 | 125.93 | 112.84 | 138.06 | 113.44 | 114.65 | 125.75 | 125.41 |
| Accounts Receivable | 0.20 | 0.26 | 0.72 | 0.35 | 1.77 | 4.83 | 32.04 | 2.01 | 4.90 | 5.39 | 6.84 | 6.93 | 23.99 | 7.15 | 7.32 | 8.46 | 8.34 |
| Total Current Assets | 153.62 | 122.04 | 147.26 | 163.40 | 185.12 | 229.14 | 124.78 | 111.11 | 89.87 | 122.73 | 138.39 | 159.68 | 172.57 | 130.01 | 151.77 | 166.81 | 163.13 |
| Property, Plant & Equipment | 11.31 | 11.64 | 12.39 | 12.29 | 10.17 | 10.23 | 6.67 | 2.40 | 2.42 | 2.59 | 2.77 | 2.90 | 2.83 | 2.69 | 1.81 | 1.78 | 1.30 |
| Goodwill | 48.16 | 48.16 | 48.16 | 48.16 | 48.16 | 48.16 | 48.16 | 48.16 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 165.01 | 166.35 | 225.42 | 225.50 | 224.01 | 226.18 | 222.96 | 214.10 | 16.17 | 16.78 | 17.30 | 18.59 | 15.50 | 15.69 | 15.39 | 13.71 | 13.62 |
| Total Assets | 318.63 | 288.39 | 372.68 | 388.89 | 409.13 | 455.32 | 347.74 | 325.21 | 106.03 | 139.51 | 155.69 | 178.27 | 188.07 | 145.70 | 167.16 | 180.52 | 176.75 |
| Accounts Payable | 1.05 | 1.60 | 2.23 | 0.45 | 2.10 | 0.52 | 2.86 | 2.52 | 0.38 | 0.27 | 1.06 | 0.21 | 0.69 | 0.26 | 1.59 | 0.15 | 0.59 |
| Total Current Liabilities | 20.55 | 15.95 | 13.80 | 12.26 | 15.00 | 21.41 | 26.12 | 36.65 | 19.94 | 29.37 | 26.53 | 23.73 | 33.76 | 39.25 | 95.62 | 87.30 | 84.61 |
| Long-term Debt | 52.85 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 423.30 | 420.56 | 394.72 | 379.16 | 415.92 | 433.16 | 423.08 | 405.35 | 25.77 | 44.69 | 54.58 | 69.63 | 64.70 | 50.69 | 90.28 | 97.45 | 111.71 |
| Total Liabilities | 443.85 | 436.51 | 408.52 | 391.42 | 430.92 | 454.56 | 449.20 | 442.01 | 45.71 | 74.06 | 81.11 | 93.36 | 98.46 | 89.93 | 185.89 | 184.74 | 196.32 |
| Retained Earnings | (845.79) | (861.55) | (729.80) | (693.89) | (709.78) | (681.82) | (657.63) | (671.47) | (436.99) | (427.99) | (416.60) | (400.83) | (392.94) | (401.54) | (442.55) | (424.66) | (429.23) |
| Total Stockholder Equity | (125.23) | (148.12) | (35.84) | (2.53) | (21.79) | 0.75 | (101.46) | (116.80) | 60.33 | 65.45 | 74.58 | 84.91 | 89.61 | 55.76 | (18.73) | (4.22) | (19.57) |
* 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 | (0.84) | 0.00 | 33.27 | 5.84 | 8.27 | 6.55 | 5.25 | 5.94 | 16.80 | 20.71 | 39.27 | 34.00 | 29.94 | 24.43 |
| Research & Development | 20.43 | 19.46 | 14.69 | 13.80 | 14.87 | 14.67 | 11.31 | 11.40 | 12.66 | 9.74 | 22.43 | 13.00 | 17.78 | 18.62 | 18.97 | 16.54 | 19.18 | 17.69 | 20.32 | 20.95 |
| Selling, General & Admin | 8.72 | 7.11 | 8.20 | 7.72 | 7.24 | 8.32 | 7.09 | 6.56 | 7.03 | 9.45 | 22.17 | 6.61 | 6.11 | 5.70 | 6.32 | 5.77 | 6.23 | 5.54 | 5.54 | 5.45 |
| Total Operating Expenses | 29.16 | 26.58 | 79.59 | 21.52 | 22.11 | 22.99 | 25.97 | 17.96 | 19.69 | 19.19 | 44.60 | 19.62 | 23.89 | 24.32 | 25.29 | 22.31 | 25.41 | 23.23 | 25.86 | 26.40 |
| Operating Income | (29.15) | (26.50) | (78.64) | (21.07) | (21.81) | (21.89) | (26.73) | (17.57) | 13.76 | (13.35) | (36.33) | (13.06) | (18.64) | (18.38) | (8.50) | (1.60) | 13.86 | 10.77 | 4.08 | (1.97) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 1.27 | 0.75 | 0.81 | 0.81 | 0.80 | 0.72 | 0.71 | 0.71 | 0.71 |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (196.66) | (9.00) | -- | -- | 5.61 | (8.21) | -- | -- | 12.38 | (2.07) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.29) | (0.32) | -- | -- | 0.14 | 15.83 |
| Net Income | 15.77 | (39.18) | (92.58) | (35.90) | 15.89 | (17.71) | (10.25) | (24.18) | 13.84 | (56.82) | (177.66) | (9.00) | (11.39) | (21.66) | 5.89 | (7.89) | 8.60 | 28.78 | 12.24 | (17.89) |
| Basic EPS | 0.47 | (1.46) | (3.47) | (1.38) | 0.51 | (0.68) | 6.57 | (1.13) | 0.58 | (10.50) | (1.39) | (0.06) | (0.07) | (0.14) | 0.00 | (0.05) | 0.06 | 0.23 | 0.12 | (0.16) |
| Diluted EPS | 0.46 | (1.46) | (3.46) | (1.38) | 0.50 | (0.68) | 6.60 | (1.13) | 0.54 | (10.50) | (1.39) | (0.06) | (0.07) | (0.14) | 0.01 | (0.05) | 0.06 | 0.08 | 0.12 | (0.16) |
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 | (21.08) | (22.13) | (17.71) | (15.60) | (17.52) | (23.11) | (7.00) | 13.69 | (14.45) | (15.92) | (23.29) | (9.21) | (9.89) | (8.76) | (11.85) | 4.35 | (12.27) | (11.86) | (31.46) | (10.75) |
| Capital Expenditures | 0.27 | 0.03 | 0.49 | 1.29 | 2.60 | 1.08 | 0.71 | 6.20 | 1.59 | 0.60 | 0.06 | 0.00 | 0.01 | 0.13 | 0.21 | 0.44 | 0.10 | 0.46 | 0.28 | 0.16 |
| Free Cash Flow* | (21.35) | (22.16) | (18.20) | (16.89) | (20.12) | (24.18) | (7.71) | 7.49 | (16.03) | (16.52) | (23.35) | (9.21) | (9.91) | (8.89) | (12.06) | 3.92 | (12.37) | (12.32) | (31.74) | (10.91) |
| Investing Cash Flow | (0.27) | (0.03) | (0.49) | (1.29) | (2.59) | (1.07) | (0.35) | (6.20) | (1.59) | (0.60) | 6.50 | 0.00 | (0.01) | 28.12 | 5.49 | (29.94) | (0.10) | 9.55 | 9.72 | (1.80) |
| Financing Cash Flow | 50.34 | 15.67 | (0.05) | (0.04) | 0.06 | (8.02) | 0.78 | 124.49 | 0.12 | 43.03 | 14.08 | (24.79) | (2.59) | 0.15 | 0.00 | 0.61 | 36.88 | 1.73 | 21.16 | 1.45 |
* Derived from reported values
