Financial Statements — SHPH
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 |
|---|
| Cash & Equivalents | 1.09 | 2.09 | 4.82 | 4.51 | 0.16 | 0.70 | 1.40 | 3.89 | 5.45 | 7.17 | -- |
| Short-term Investments | -- | -- | -- | -- | -- | 1.64 | 2.79 | 2.92 | 2.90 | 2.99 | -- |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 |
| Total Current Assets | 2.46 | 3.27 | 5.19 | 4.96 | 0.36 | 2.49 | 4.41 | 7.00 | 8.44 | 10.37 | 9.29 |
| Property, Plant & Equipment | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.01 | 0.01 | 0.01 |
| Intangible Assets | 9.24 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 9.35 | 0.28 | 0.31 | 0.35 | 0.31 | 0.33 | 0.34 | 0.38 | 0.39 | 0.06 | 0.09 |
| Total Assets | 11.81 | 3.54 | 5.50 | 5.31 | 0.67 | 2.81 | 4.75 | 7.38 | 8.84 | 10.44 | 9.38 |
| Accounts Payable | 1.79 | 1.47 | 1.17 | 0.90 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 8.31 | 1.96 | 1.69 | 1.78 | 1.66 | 1.38 | 1.49 | 0.81 | 0.49 | 1.39 | 0.97 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.09 |
| Total Non-current Liabilities* | 0.16 | 0.18 | 0.21 | 0.24 | 0.33 | 0.63 | 0.50 | 0.96 | 1.41 | 2.14 | 0.01 |
| Total Liabilities | 8.46 | 2.15 | 1.90 | 2.02 | 1.99 | 2.01 | 1.99 | 1.77 | 1.90 | 3.53 | 0.98 |
| Retained Earnings | (48.45) | (43.68) | (41.34) | (37.63) | (32.98) | (29.20) | (27.16) | (13.85) | (12.05) | (9.87) | (8.14) |
| Total Stockholder Equity | 3.35 | 1.39 | 3.61 | 3.29 | (1.32) | 0.80 | 2.76 | 5.61 | 6.94 | 6.91 | 8.40 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | 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 |
|---|
| Research & Development | 0.27 | 0.51 | 0.94 | 1.03 | 1.57 | 0.99 | 1.40 | 0.65 | 0.59 | 0.43 | 1.14 | 0.93 | 1.01 | 0.44 | 0.67 |
| Selling, General & Admin | 1.16 | 1.84 | 0.89 | 2.35 | 0.60 | 0.43 | 0.33 | 0.31 | 0.32 | 0.59 | 0.17 | 0.12 | 0.17 | 0.09 | 0.08 |
| Total Operating Expenses | 2.22 | 2.79 | 2.27 | 3.91 | 2.95 | 1.78 | 3.05 | 1.48 | 1.38 | 1.28 | 1.60 | 1.47 | 1.54 | 0.74 | 0.82 |
| Operating Income | (2.22) | (2.79) | (2.27) | (3.91) | (2.95) | (1.78) | (3.05) | (1.48) | (1.38) | (1.28) | (1.60) | (1.47) | (1.54) | (0.74) | (0.82) |
| Interest Expense | -- | -- | -- | -- | -- | -- | 0.62 | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | (1.64) | (1.78) | -- | (0.98) | (0.75) | (1.00) |
| Net Income | (2.15) | (2.61) | (2.35) | (3.71) | (3.05) | (1.60) | (3.78) | (2.03) | (1.73) | (1.64) | (1.79) | (2.18) | (0.98) | (0.75) | (1.00) |
| Basic EPS | (0.43) | (2.52) | (1.05) | (3.29) | (0.30) | (0.54) | (1.59) | (0.96) | (0.83) | (0.11) | (0.11) | (0.15) | (0.07) | (0.06) | (0.10) |
| Diluted EPS | (0.43) | (2.52) | (1.05) | (3.29) | (0.30) | (0.65) | (1.59) | (0.96) | (0.83) | (0.10) | (0.11) | (0.15) | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | 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 |
|---|
| Operating Cash Flow | (2.42) | (0.97) | (2.63) | (3.36) | (2.53) | (2.69) | (2.00) | (1.40) | (1.24) | (1.06) | (1.53) | (1.65) | (1.34) | (0.68) | (2.03) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.02 | -- | -- | -- | -- |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (1.55) | -- | -- | -- | -- |
| Investing Cash Flow | (0.04) | -- | -- | -- | -- | 0.00 | 1.66 | 1.16 | 0.10 | 0.09 | (0.03) | 0.06 | (2.95) | -- | -- |
| Financing Cash Flow | 3.21 | 2.27 | (0.10) | 3.66 | 5.12 | 4.45 | (0.20) | (0.46) | (0.04) | (0.33) | 0.00 | (0.14) | 3.04 | (0.02) | 10.65 |
* Derived from reported values
