Financial Statements — SMMT
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 | 0.42 | 0.11 | 0.24 | 0.30 | 0.21 | 0.09 | 0.03 | 0.06 | 0.02 | 0.04 | 0.07 | 0.12 | 0.06 | 0.08 | 0.08 | 0.10 | 0.10 |
| Short-term Investments | 0.27 | 0.49 | 0.00 | 0.00 | 0.15 | 0.39 | 0.30 | 0.10 | 0.18 | 0.17 | 0.17 | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Assets | 0.72 | 0.62 | 0.25 | 0.31 | 0.37 | 0.49 | 0.33 | 0.16 | 0.20 | 0.23 | 0.25 | 0.14 | 0.08 | 0.10 | 0.10 | 0.12 | 0.13 |
| Property, Plant & Equipment | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets* | 0.03 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | 0.03 | 0.02 | 0.02 |
| Total Assets | 0.75 | 0.65 | 0.26 | 0.32 | 0.38 | 0.50 | 0.34 | 0.18 | 0.22 | 0.24 | 0.25 | 0.16 | 0.10 | 0.12 | 0.13 | 0.15 | 0.14 |
| Accounts Payable | 0.02 | 0.03 | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 |
| Total Current Liabilities | 0.10 | 0.08 | 0.06 | 0.06 | 0.03 | 0.06 | 0.14 | 0.02 | 0.11 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.07 |
| Total Non-current Liabilities* | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.11 | 0.01 | 0.11 | 0.10 | 0.01 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.12 | 0.10 | 0.07 | 0.06 | 0.04 | 0.06 | 0.15 | 0.13 | 0.12 | 0.12 | 0.12 | 0.02 | 0.04 | 0.05 | 0.03 | 0.03 | 0.08 |
| Retained Earnings | (2.70) | (2.48) | (2.07) | (1.84) | (1.28) | (1.15) | (1.10) | (1.04) | (0.96) | (0.94) | (0.92) | (0.36) | (0.34) | (0.32) | (0.27) | (0.25) | (0.23) |
| Total Stockholder Equity | 0.63 | 0.55 | 0.19 | 0.26 | 0.34 | 0.44 | 0.20 | 0.04 | 0.10 | 0.12 | 0.13 | 0.13 | 0.05 | 0.06 | 0.10 | 0.12 | 0.06 |
* 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 | 0.00 | 0.00 | 0.00 | 0.22 | 0.24 | 0.25 | 0.25 | 1.31 |
| Research & Development | 157.73 | 132.62 | -- | -- | -- | -- | -- | -- | -- | 30.87 | 24.81 | 15.32 | 9.45 | 9.88 | 5.39 | 17.05 | 9.01 | 20.56 | 23.11 | 19.94 |
| Selling, General & Admin | 62.76 | 62.59 | 77.63 | 103.12 | 360.42 | 15.59 | 14.44 | 20.39 | 13.97 | 11.73 | 11.58 | 5.43 | 6.32 | 6.94 | 7.58 | 5.57 | 6.93 | 6.66 | 7.78 | 5.66 |
| Total Operating Expenses | 220.50 | 195.21 | 224.93 | 234.21 | 568.44 | 66.85 | 65.82 | 58.11 | 59.78 | 42.60 | 36.39 | 20.76 | 15.77 | 537.74 | 21.43 | 22.62 | 15.94 | 27.22 | 30.89 | 25.61 |
| Operating Income | -- | -- | -- | -- | -- | -- | (65.61) | (58.38) | (59.62) | (42.39) | (36.21) | (20.49) | (15.79) | (537.15) | (20.30) | (16.94) | (12.69) | (22.16) | (26.05) | (19.49) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 8.33 | 2.90 | 0.69 | 0.65 | -- | -- | -- |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (27.10) | (19.60) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 |
| Net Income | (215.70) | (189.42) | (219.17) | (231.79) | (565.71) | (62.91) | (61.20) | (56.25) | (60.38) | (43.47) | (36.57) | (21.27) | (14.72) | (542.38) | (19.23) | (21.38) | (16.77) | (21.40) | (27.10) | (19.60) |
| Basic EPS | (0.28) | (0.24) | (0.28) | (0.31) | (0.76) | (0.09) | (0.08) | (0.08) | (0.09) | (0.06) | 0.49 | (0.03) | (0.02) | (1.43) | 0.12 | (0.14) | (0.17) | (0.22) | (0.28) | (0.20) |
| Diluted EPS | (0.28) | (0.24) | (0.28) | (0.31) | (0.76) | (0.09) | (0.08) | (0.08) | (0.09) | (0.06) | 0.49 | (0.03) | (0.02) | (1.43) | 0.12 | (0.14) | (0.17) | (0.22) | (0.28) | (0.20) |
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 | (141.12) | (122.29) | (101.94) | (93.08) | (66.74) | (61.17) | (48.67) | (30.30) | (33.00) | (30.13) | (19.46) | (14.90) | (29.27) | (13.13) | 5.19 | (8.55) | (19.22) | (19.00) | (9.18) | (23.56) |
| Capital Expenditures | 0.91 | 0.25 | 0.16 | 0.07 | 0.00 | 0.42 | 0.01 | 0.06 | 0.06 | 0.00 | 0.00 | 0.05 | 0.02 | 0.05 | (0.01) | (0.02) | 0.29 | 0.36 | 0.12 | -0.00 |
| Free Cash Flow* | (142.03) | (122.54) | (102.10) | (93.15) | (66.74) | (61.59) | (48.69) | (30.35) | (33.06) | (30.14) | (19.46) | (14.95) | (29.29) | (13.18) | 5.20 | (8.53) | (19.51) | (19.36) | (9.30) | (23.56) |
| Investing Cash Flow | 222.90 | (0.24) | (485.16) | (0.07) | 150.81 | 160.11 | 83.48 | (108.61) | (200.08) | 19.87 | 60.57 | (3.49) | 0.21 | (645.06) | 0.01 | 0.02 | (0.29) | (0.36) | (0.12) | 0.00 |
| Financing Cash Flow | 231.08 | 3.80 | 573.82 | 33.81 | 2.22 | 7.68 | (23.61) | 204.14 | 200.21 | 0.49 | 6.25 | 0.23 | (0.08) | 80.11 | 520.06 | 75.00 | 0.00 | 25.19 | 1.26 | 0.68 |
* Derived from reported values
