Financial Statements — SARO
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 |
|---|
| Cash & Equivalents | 0.18 | 0.09 | 0.10 | 0.09 | 0.14 | 0.05 |
| Accounts Receivable | 0.82 | 0.88 | 0.70 | 0.68 | 0.73 | 0.62 |
| Inventory | 0.77 | 0.76 | 0.96 | 0.85 | 0.88 | 0.78 |
| Total Current Assets | 3.03 | 3.06 | 2.96 | 2.77 | 2.79 | 2.36 |
| Property, Plant & Equipment | 0.59 | 0.58 | 0.58 | 0.58 | 0.58 | 0.55 |
| Goodwill | 1.71 | 1.68 | 1.68 | 1.68 | 1.69 | 1.69 |
| Intangible Assets | 1.29 | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 3.82 | 3.64 | 3.69 | 3.71 | 3.70 | 3.70 |
| Total Assets | 6.85 | 6.70 | 6.65 | 6.48 | 6.50 | 6.06 |
| Accounts Payable | 0.71 | 0.81 | 0.71 | 0.64 | 0.74 | 0.55 |
| Total Current Liabilities | 1.42 | 1.44 | 1.36 | 1.29 | 1.40 | 1.12 |
| Long-term Debt | 2.33 | 2.21 | 2.33 | 2.32 | 2.34 | 3.42 |
| Total Non-current Liabilities* | 2.68 | 2.57 | 2.71 | 2.68 | 2.66 | 3.78 |
| Total Liabilities | 4.10 | 4.02 | 4.06 | 3.97 | 4.06 | 4.90 |
| Retained Earnings | (1.11) | (1.21) | (1.36) | (1.43) | (1.50) | (1.55) |
| Total Stockholder Equity | 2.75 | 2.69 | 2.58 | 2.51 | 2.44 | 1.16 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 |
|---|
| Total Revenue | 1.60 | 1.63 | 1.60 | 1.50 | 1.53 | 1.44 | 1.41 | 1.24 |
| Cost of Revenue | 1.33 | 1.39 | 1.38 | 1.27 | 1.29 | 1.22 | 1.21 | 1.06 |
| Gross Profit | 0.27 | 0.24 | 0.22 | 0.22 | 0.24 | 0.22 | 0.20 | 0.19 |
| Selling, General & Admin | 0.08 | 0.07 | 0.05 | 0.06 | 0.08 | 0.06 | 0.08 | 0.06 |
| Total Operating Expenses | 0.10 | 0.10 | 0.07 | 0.09 | 0.10 | 0.09 | 0.11 | 0.09 |
| Operating Income | 0.17 | 0.14 | 0.15 | 0.14 | 0.14 | 0.13 | 0.09 | 0.10 |
| Interest Expense | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 | 0.08 |
| Pretax Income | 0.13 | 0.10 | 0.11 | 0.09 | 0.09 | 0.09 | 0.02 | 0.02 |
| Tax Provision | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.00 |
| Net Income | 0.10 | 0.08 | 0.08 | 0.07 | 0.07 | 0.06 | (0.01) | 0.02 |
| Basic EPS | 0.30 | 0.24 | 0.23 | 0.21 | 0.21 | 0.19 | (0.05) | 0.06 |
| Diluted EPS | 0.29 | 0.24 | 0.24 | 0.20 | 0.20 | 0.19 | (0.05) | 0.06 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 |
|---|
| Operating Cash Flow | 72.33 | (119.55) | 323.01 | 14.80 | 2.88 | (23.99) | 108.35 | (32.02) |
| Capital Expenditures | 21.05 | 15.59 | 15.68 | 19.47 | 21.92 | 25.34 | -- | -- |
| Free Cash Flow* | 51.28 | (135.15) | 307.33 | (4.67) | (19.04) | (49.32) | -- | -- |
| Investing Cash Flow | (55.37) | (14.18) | (15.29) | (18.74) | (32.30) | (40.07) | (51.31) | (184.14) |
| Financing Cash Flow | 73.46 | (66.23) | (116.43) | 9.21 | (20.72) | 102.43 | (5.35) | 209.11 |
* Derived from reported values
