Financial Statements — SONM
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 | 0.90 | 1.20 | 2.14 | 2.01 | 2.12 | 9.06 | 9.60 | 9.25 | 9.80 | 9.72 | 8.96 | 15.47 | 18.16 | 10.63 | 10.19 | 6.90 | 13.91 |
| Accounts Receivable | 1.25 | 1.50 | 3.50 | 2.87 | 4.85 | 5.24 | 10.78 | 13.34 | 30.35 | 26.58 | 25.04 | 16.29 | 5.32 | 10.42 | 2.80 | 6.31 | 5.83 |
| Inventory | -- | -- | 10.99 | 9.89 | 8.62 | 12.37 | 7.02 | 4.82 | 4.22 | 4.74 | 4.51 | 4.09 | 3.42 | 5.22 | 9.91 | 11.91 | 10.56 |
| Total Current Assets | 2.92 | 3.30 | 30.30 | 27.12 | 26.94 | 33.86 | 32.59 | 29.54 | 47.54 | 43.47 | 41.45 | 39.18 | 31.18 | 33.82 | 32.60 | 36.97 | 36.26 |
| Property, Plant & Equipment | -- | -- | 0.14 | 0.16 | 0.19 | 0.24 | 0.12 | 0.10 | 0.08 | 0.08 | 0.07 | 0.29 | 0.45 | 0.49 | 0.57 | 0.65 | 0.75 |
| Intangible Assets | 1.38 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 1.60 | 1.54 | 9.92 | 8.96 | 9.02 | 15.28 | 13.29 | 12.85 | 11.07 | 10.27 | 10.35 | 6.82 | 6.11 | 5.48 | 5.59 | 3.91 | 4.48 |
| Total Assets | 4.52 | 4.84 | 40.22 | 36.08 | 35.96 | 49.15 | 45.87 | 42.39 | 58.61 | 53.74 | 51.80 | 46.00 | 37.29 | 39.30 | 38.19 | 40.87 | 40.75 |
| Accounts Payable | 0.68 | 0.72 | 20.41 | 20.58 | 17.29 | 9.06 | 9.16 | 9.08 | 23.26 | 20.91 | 20.60 | 12.44 | 8.13 | 13.44 | 12.56 | 16.27 | 11.19 |
| Total Current Liabilities | 5.15 | 4.32 | 38.86 | 35.66 | 34.68 | 32.18 | 26.89 | 20.98 | 34.04 | 30.65 | 29.68 | 23.81 | 27.93 | 25.80 | 24.19 | 26.53 | 19.91 |
| Long-term Debt | -- | 1.07 | 5.07 | 2.92 | 2.83 | -- | -- | -- | -- | -- | -- | 0.04 | -- | 0.03 | 0.07 | 0.11 | 0.15 |
| Total Non-current Liabilities* | 0.60 | 0.60 | 2.06 | 1.75 | 2.36 | 1.61 | 1.51 | 1.57 | 1.46 | 1.45 | 1.43 | 1.52 | 2.35 | 2.47 | 1.36 | 1.38 | 1.40 |
| Total Liabilities | 5.75 | 4.92 | 40.92 | 37.41 | 37.04 | 33.80 | 28.40 | 22.55 | 35.50 | 32.09 | 31.11 | 25.33 | 30.28 | 28.27 | 25.55 | 27.91 | 21.32 |
| Retained Earnings | (298.91) | (297.60) | (295.38) | (290.62) | (283.15) | (261.99) | (259.48) | (252.87) | (248.61) | (249.13) | (249.64) | (248.83) | (247.22) | (242.99) | (223.08) | (212.14) | (205.46) |
| Total Stockholder Equity* | (1.23) | (0.98) | (0.70) | (1.33) | (1.08) | 15.35 | 17.47 | 19.84 | 23.11 | 21.65 | 20.69 | 20.67 | 7.01 | 11.02 | 12.65 | 12.96 | 19.43 |
* 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 | -- | -- | -- | 16.21 | 11.19 | 16.72 | 7.61 | 15.02 | 11.52 | 16.78 | 13.43 | 27.57 | 26.84 | 25.80 | 24.12 | 20.50 | 11.96 | 13.26 | 15.93 | 14.45 |
| Cost of Revenue | -- | -- | -- | 11.86 | 7.85 | 8.37 | 15.17 | 10.79 | 8.55 | 13.87 | 8.31 | 21.96 | 22.41 | 21.63 | 20.19 | 17.18 | 9.11 | 11.73 | 16.42 | 12.66 |
| Gross Profit | -- | -- | -- | 1.82 | 0.85 | 8.36 | (0.18) | 4.23 | 2.97 | 2.90 | 5.12 | 5.60 | 4.43 | 4.18 | 3.93 | 3.32 | 2.85 | 1.53 | (0.49) | 1.78 |
| Research & Development | -- | -- | -- | 0.18 | 0.91 | 1.63 | 12.51 | 0.72 | 0.56 | 0.46 | 0.93 | 0.74 | 0.00 | 0.11 | 1.22 | (0.13) | 2.72 | 4.17 | 3.87 | 5.49 |
| Selling, General & Admin | 1.28 | 3.62 | (3.82) | 3.16 | 3.22 | 2.84 | 4.45 | 2.85 | 2.45 | 2.64 | 2.40 | 2.04 | 1.85 | 1.98 | 1.99 | 3.63 | 1.78 | 2.21 | 2.68 | 2.96 |
| Total Operating Expenses | 1.28 | 3.62 | (15.68) | 5.80 | 7.58 | 7.71 | 21.92 | 6.61 | 9.44 | 5.59 | 6.38 | 4.92 | 3.68 | 3.84 | 4.99 | 5.25 | 7.07 | 8.61 | 11.26 | 12.51 |
| Operating Income | (1.28) | (3.62) | 4.66 | (3.98) | (6.73) | 0.65 | (22.10) | (2.38) | (6.47) | (2.69) | (1.25) | 0.69 | 0.75 | 0.33 | (1.06) | (1.93) | (4.22) | (7.08) | (11.74) | (10.72) |
| Interest Expense | -- | 0.13 | 0.37 | 0.34 | 0.16 | 0.07 | -- | -- | -- | -- | -- | 0.00 | 0.01 | 0.00 | 0.00 | 0.02 | 0.07 | -- | -- | -- |
| Pretax Income | (1.24) | (3.93) | 3.45 | (4.66) | (7.34) | 0.59 | (21.67) | (2.39) | (6.58) | (2.78) | (1.26) | 0.62 | 0.58 | 0.34 | (1.06) | (1.54) | (4.16) | (7.14) | (11.78) | (10.85) |
| Tax Provision | (0.24) | 2.54 | (1.51) | 0.09 | 0.14 | 0.13 | (0.05) | 0.12 | 0.04 | 0.13 | 0.09 | 0.10 | 0.07 | 0.11 | (0.02) | 0.07 | 0.06 | 0.07 | (0.06) | 0.09 |
| Net Income | (1.25) | 6.34 | (8.89) | (4.75) | (7.47) | 0.46 | (21.61) | (2.51) | (6.62) | (2.91) | (1.35) | 0.53 | 0.51 | 0.23 | (1.04) | (1.61) | (4.22) | (7.21) | (11.72) | (10.94) |
| Basic EPS | (0.92) | 5.01 | (23.04) | (4.83) | (0.79) | 0.08 | (5.13) | (0.52) | (1.41) | (0.07) | (0.03) | 0.01 | 0.01 | 0.01 | 0.15 | (0.04) | (0.22) | (0.38) | -- | -- |
| Diluted EPS | (0.92) | 5.01 | (23.04) | (4.83) | (0.79) | 0.08 | (5.13) | (0.52) | (1.41) | (0.07) | (0.03) | 0.01 | 0.01 | 0.01 | -- | -- | -- | (0.38) | -- | -- |
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 | (2.00) | (3.47) | (2.00) | (7.03) | (4.88) | (9.61) | (4.51) | (0.42) | (3.39) | (0.17) | (0.35) | (0.30) | 0.82 | (4.22) | (2.22) | (10.29) | 0.77 | (0.61) | (17.56) | (5.70) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.01 | 0.14 | 0.04 | 0.03 | 0.01 | 0.00 | 0.02 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.02 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (4.52) | (0.55) | (3.43) | (0.20) | (0.36) | (0.30) | 0.80 | -- | (2.22) | (10.29) | 0.76 | (0.61) | (17.59) | (5.72) |
| Investing Cash Flow | (0.09) | 3.36 | -- | -- | -- | -- | (0.01) | (0.14) | (0.04) | (0.03) | (0.01) | -0.00 | (0.02) | -- | -0.00 | 0.00 | -0.00 | -0.00 | (0.03) | (0.02) |
| Financing Cash Flow | 1.80 | -- | 1.17 | 7.17 | 4.77 | 6.38 | 0.80 | 0.01 | 3.78 | 0.05 | (0.04) | 0.38 | (0.04) | (0.04) | (0.04) | 7.61 | 6.76 | 0.01 | 18.64 | 9.01 |
* Derived from reported values
