Financial Statements — SERV
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 | 79.11 | 47.11 | 116.84 | 116.70 | 197.76 | 50.91 | 28.78 | 0.43 | 3.50 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Accounts Receivable | 2.88 | 3.94 | 0.81 | 0.66 | 0.38 | 0.01 | 0.09 | 0.27 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | -- | -- | 0.00 | 0.00 | 0.00 | 0.33 | 0.71 | 0.74 | 0.87 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 247.29 | 201.13 | 219.70 | 186.53 | 199.97 | 54.89 | 30.88 | 3.03 | 5.12 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Property, Plant & Equipment | 50.51 | 57.10 | 30.06 | 18.59 | 14.28 | 5.41 | 0.82 | 0.03 | 1.98 | -- | -- | -- | -- | -- | -- | -- | -- |
| Goodwill | 28.00 | 28.00 | 11.84 | 4.59 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 34.51 | 36.51 | 32.87 | 1.43 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 131.33 | 139.67 | 79.40 | 27.79 | 16.62 | 6.58 | 1.88 | 1.21 | 3.39 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 378.62 | 340.80 | 299.10 | 214.32 | 216.59 | 61.47 | 32.77 | 4.25 | 8.51 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 |
| Accounts Payable | 5.51 | 5.70 | 7.75 | 2.53 | 3.65 | 3.61 | 1.39 | 1.73 | 0.94 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 19.27 | 19.74 | 12.76 | 5.69 | 5.26 | 5.15 | 4.27 | 12.79 | 4.86 | 0.16 | 0.15 | 0.11 | 0.10 | 0.08 | 0.07 | 0.06 | 0.04 |
| Total Non-current Liabilities* | 7.56 | 3.28 | 2.48 | 1.42 | 1.17 | 0.14 | 0.04 | 0.26 | 1.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 26.83 | 23.01 | 15.24 | 7.11 | 6.43 | 5.29 | 4.30 | 13.05 | 6.14 | 0.16 | 0.15 | 0.11 | 0.10 | 0.08 | 0.07 | 0.06 | 0.04 |
| Retained Earnings | (322.02) | (257.89) | (174.61) | (141.59) | (120.74) | (94.41) | (86.41) | (77.37) | (61.27) | (0.15) | (0.14) | (0.11) | (0.10) | (0.08) | (0.06) | (0.05) | (0.03) |
| Total Stockholder Equity | 351.79 | 317.79 | 283.86 | 207.21 | 210.16 | 56.18 | 28.46 | (8.81) | 2.37 | (0.15) | (0.14) | (0.11) | (0.10) | (0.08) | (0.06) | (0.05) | (0.03) |
* 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 | 3.24 | 2.98 | 0.88 | 0.69 | 0.64 | 0.44 | 0.18 | 0.22 | 0.47 | 0.95 | 0.04 | 0.06 | 0.10 | -- | -- | -- | -- | -- | -- | -- |
| Cost of Revenue | 12.02 | 11.99 | 7.56 | 5.07 | 3.50 | 1.91 | 0.83 | 0.38 | 0.33 | 0.35 | 0.40 | 0.57 | -- | -- | -- | -- | -- | -- | -- | -- |
| Gross Profit | (8.78) | (9.00) | (6.68) | (4.38) | (2.86) | (1.47) | (0.66) | (0.16) | 0.14 | 0.59 | (0.36) | (0.51) | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 20.28 | 19.04 | 15.85 | 13.41 | 9.12 | 6.88 | 6.82 | 5.01 | 5.79 | 6.64 | 2.78 | 2.96 | -- | -- | -- | -- | -- | -- | -- | -- |
| Selling, General & Admin | 24.84 | 14.92 | 11.14 | 13.15 | 8.08 | 4.75 | 5.23 | 1.98 | 1.87 | 1.01 | 3.16 | 1.43 | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 |
| Total Operating Expenses | 57.29 | 42.78 | 33.63 | 30.44 | 19.79 | 13.54 | 12.92 | 8.29 | 8.70 | 8.31 | 6.46 | 5.07 | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | (66.06) | (51.78) | (40.30) | (34.82) | (22.64) | (15.00) | (13.58) | (8.45) | (8.56) | (7.71) | (15.12) | (5.58) | (0.02) | (0.01) | (0.01) | (0.01) | (0.02) | (0.01) | (0.01) | (0.01) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.33 | 0.24 | 1.48 | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (64.16) | (49.65) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | (0.04) | (0.65) | (3.66) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (64.13) | (49.00) | (34.27) | (33.02) | (20.85) | (13.22) | (13.12) | (8.00) | (9.04) | (9.04) | (17.14) | (7.65) | (0.02) | (0.01) | (0.01) | (0.01) | (0.02) | (0.01) | (0.01) | (0.01) |
| Basic EPS | (0.80) | (0.65) | (0.50) | (0.54) | (0.36) | (0.23) | (0.23) | (0.20) | (0.27) | (0.37) | (1.34) | (0.41) | 0.00 | 0.00 | (0.01) | 0.00 | 0.00 | 0.00 | -- | -- |
| Diluted EPS | (0.80) | (0.65) | (0.50) | (0.54) | (0.36) | (0.23) | (0.23) | (0.20) | (0.27) | (0.37) | (1.34) | (0.41) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- |
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 | (43.32) | (41.42) | (29.64) | (25.17) | (15.96) | (9.46) | (6.26) | (5.46) | (5.74) | (4.08) | (3.68) | (12.27) | (0.02) | (0.01) | (0.01) | (0.01) | (0.02) | (0.01) | (0.01) | (0.01) |
| Capital Expenditures | 0.97 | 1.44 | 16.50 | 11.33 | 6.04 | 3.46 | 4.86 | 4.60 | 0.79 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- |
| Free Cash Flow* | (44.29) | (42.87) | (46.14) | (36.51) | (22.00) | (12.92) | (11.12) | (10.05) | (6.54) | (4.08) | (3.68) | (12.27) | -- | -- | -- | -- | -- | -- | -- | -- |
| Investing Cash Flow | (8.10) | (19.61) | (75.85) | (40.21) | (78.63) | (3.30) | (4.92) | (4.60) | (0.79) | -0.00 | -0.00 | -0.00 | -- | -- | -- | -- | -- | -- | -- | -- |
| Financing Cash Flow | 83.41 | 1.91 | 94.95 | 65.47 | 13.54 | 87.26 | 83.54 | 32.19 | 34.89 | 4.50 | 0.18 | 13.05 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.00 | 0.01 |
* Derived from reported values
