Financial Statements — SPRO
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 | 50.77 | 56.13 | 48.62 | 31.19 | 48.89 | 76.29 | 63.53 | 82.27 | 93.83 | 77.69 | 96.25 | 50.45 | 45.40 | 72.11 | 112.86 | 71.56 | 77.04 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 49.86 | 10.56 | 27.66 | 38.63 |
| Total Current Assets | 51.58 | 57.61 | 52.32 | 59.40 | 74.71 | 131.63 | 122.22 | 140.15 | 102.22 | 88.35 | 101.66 | 52.89 | 51.95 | 132.70 | 131.77 | 106.32 | 129.49 |
| Property, Plant & Equipment | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.04 | 0.15 | 0.26 | 0.49 | 0.62 | 0.89 | 1.21 | 1.36 | 1.51 |
| Total Non-current Assets* | 1.18 | 1.41 | 1.85 | 2.72 | 3.00 | 3.53 | 27.66 | 27.55 | 4.88 | 10.54 | 10.88 | 11.59 | 11.67 | 13.13 | 12.92 | 13.28 | 13.95 |
| Total Assets | 52.77 | 59.02 | 54.17 | 62.12 | 77.71 | 135.16 | 149.88 | 167.70 | 107.10 | 98.89 | 112.55 | 64.48 | 63.63 | 145.83 | 144.69 | 119.59 | 143.44 |
| Accounts Payable | 0.16 | 0.22 | 1.40 | 0.78 | 1.77 | 6.09 | 2.70 | 3.07 | 1.10 | 1.31 | 0.58 | 2.58 | 1.71 | 4.78 | 3.16 | 1.63 | 3.83 |
| Total Current Liabilities | 8.43 | 5.49 | 13.65 | 14.95 | 29.16 | 49.10 | 45.63 | 41.82 | 25.46 | 17.32 | 22.99 | 16.23 | 14.23 | 69.20 | 17.26 | 12.83 | 17.76 |
| Total Non-current Liabilities* | 0.13 | 0.60 | 14.03 | 14.35 | 14.74 | 20.56 | 23.75 | 29.63 | 27.94 | 26.78 | 24.72 | 15.77 | 13.48 | 14.16 | 15.54 | 16.52 | 6.83 |
| Total Liabilities | 8.56 | 6.09 | 27.68 | 29.29 | 43.90 | 69.65 | 69.38 | 71.45 | 53.40 | 44.10 | 47.71 | 31.99 | 27.71 | 83.36 | 32.80 | 29.34 | 24.59 |
| Retained Earnings | (467.82) | (458.27) | (482.59) | (475.20) | (473.50) | (438.75) | (421.60) | (403.74) | (442.26) | (439.06) | (427.14) | (440.65) | (428.97) | (400.29) | (338.22) | (315.70) | (297.13) |
| Total Stockholder Equity | 44.20 | 52.93 | 26.49 | 32.83 | 33.81 | 65.51 | 80.50 | 96.25 | 53.71 | 54.78 | 64.84 | 32.48 | 35.92 | 62.47 | 111.90 | 90.25 | 118.85 |
* 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 | 12.57 | 0.00 | 0.00 | 0.01 | 0.05 | 0.07 | 0.11 | 0.14 | (23.98) | 23.38 | 0.79 | 0.74 | 46.35 | 1.08 | 0.90 | 0.25 | 0.26 | 0.71 |
| Research & Development | 3.43 | 2.91 | 5.59 | 8.60 | 10.67 | 13.61 | 28.84 | 26.86 | 23.73 | 17.33 | 16.56 | 16.39 | 9.51 | 8.98 | 15.09 | 7.36 | 8.17 | 16.97 | 17.23 | 14.44 |
| Selling, General & Admin | 6.49 | 4.89 | 4.30 | 4.17 | 5.88 | 6.82 | 7.06 | 5.20 | 5.53 | 5.92 | 6.43 | 5.71 | 6.10 | 7.32 | 6.50 | 6.63 | 8.05 | 15.31 | 13.02 | 11.15 |
| Total Operating Expenses | 9.93 | 7.80 | 9.89 | 13.36 | 16.63 | 20.61 | 36.77 | 32.06 | 29.26 | 23.25 | 22.99 | 27.41 | 15.61 | 16.30 | 21.52 | 13.84 | 28.07 | 32.28 | 30.25 | 25.59 |
| Operating Income | (9.93) | (7.54) | 31.41 | (7.92) | (2.44) | (14.73) | (21.72) | (18.59) | (19.06) | (13.98) | 50.53 | (1.93) | (12.89) | (14.23) | 25.92 | (11.83) | (26.08) | (30.21) | (27.50) | (22.52) |
| Pretax Income* | -- | -- | 31.78 | (7.38) | -- | -- | (20.53) | (17.44) | -- | -- | 51.58 | (0.99) | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | -- | 0.26 | 0.00 | -- | -- | 0.29 | (0.29) | -- | -- | 0.39 | 2.21 | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | (9.55) | (7.20) | 31.52 | (7.38) | (1.70) | (13.87) | (20.82) | (17.15) | (17.90) | (12.70) | 51.19 | (3.20) | (11.90) | (13.30) | 26.77 | (11.70) | (28.70) | (32.80) | (29.30) | (22.50) |
| Basic EPS | (0.16) | (0.13) | 0.56 | (0.13) | (0.03) | (0.25) | (0.38) | (0.32) | (0.33) | (0.24) | 0.97 | (0.06) | (0.23) | (0.25) | 0.93 | (0.33) | (0.87) | -- | -- | -- |
| Diluted EPS | (0.16) | (0.13) | 0.56 | (0.13) | (0.03) | (0.25) | (0.38) | (0.32) | (0.33) | (0.24) | 0.97 | (0.06) | (0.23) | (0.25) | 0.93 | (0.33) | (0.87) | -- | -- | -- |
* Derived from reported values
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 | (5.35) | 15.86 | (8.35) | 17.42 | (17.69) | (4.00) | (23.40) | 12.76 | (18.74) | 5.94 | (17.49) | 15.92 | (18.56) | (12.85) | 44.48 | (0.96) | (23.03) | (28.22) | (27.35) | (4.95) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (4.95) |
| Investing Cash Flow | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.13) | 50.00 | (16.06) | (23.27) | 17.02 |
| Financing Cash Flow | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- | -- | 0.00 | 0.22 | 0.00 | 0.00 | 14.18 | 6.13 | (53.68) | 3.81 | 50.35 | 29.22 |
* Derived from reported values