Financial Statements — SPRU
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 | 44.66 | 50.02 | 53.65 | 53.51 | 61.92 | 113.66 | 116.59 | 120.58 | 154.21 | 162.75 | 172.80 | 239.51 | 322.37 | 333.46 | 366.75 | 384.80 | 404.28 |
| Accounts Receivable | 25.72 | 18.81 | 18.09 | 19.45 | 19.55 | 11.52 | 13.25 | 10.96 | 12.57 | 13.57 | 11.40 | 17.16 | 7.05 | 7.51 | 2.82 | 7.09 | 7.57 |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 14.10 | 14.19 | 14.12 | 18.10 | 12.39 | 7.20 |
| Total Current Assets | 114.33 | 111.35 | 125.43 | 119.30 | 125.87 | 173.01 | 178.87 | 178.24 | 228.59 | 227.30 | 235.70 | 315.80 | 345.08 | 357.23 | 389.03 | 405.78 | 420.43 |
| Property, Plant & Equipment | 544.77 | 553.06 | 569.28 | 577.63 | 582.85 | 464.70 | 471.30 | 477.83 | 488.39 | 475.69 | 482.33 | 404.38 | 2.24 | 2.42 | 3.20 | 2.36 | 1.88 |
| Goodwill | -- | -- | -- | -- | -- | 0.00 | 28.76 | 28.76 | 28.76 | 28.76 | 28.76 | 158.64 | 0.00 | 8.61 | 8.84 | 9.27 | 0.49 |
| Intangible Assets | 7.27 | 7.55 | 8.11 | 8.39 | 8.68 | 9.27 | 9.58 | 9.89 | 10.26 | 10.55 | 10.84 | -- | -- | 4.65 | 4.62 | 1.99 | 0.45 |
| Total Non-current Assets* | 704.07 | 713.02 | 731.62 | 743.33 | 752.12 | 633.77 | 679.56 | 689.65 | 711.53 | 689.90 | 690.69 | 601.83 | 8.72 | 8.37 | 21.37 | 18.17 | 7.09 |
| Total Assets | 818.40 | 824.37 | 857.06 | 862.63 | 877.99 | 806.77 | 858.43 | 867.89 | 940.12 | 917.20 | 926.39 | 917.63 | 353.81 | 365.60 | 410.40 | 423.95 | 427.51 |
| Accounts Payable | 1.62 | 1.42 | 2.12 | 1.93 | 2.06 | 1.03 | 2.42 | 3.61 | 3.17 | 3.68 | 1.65 | 7.51 | 1.80 | 1.79 | 2.61 | 2.75 | 2.06 |
| Total Current Liabilities | 289.38 | 231.01 | 247.09 | 239.49 | 59.40 | 62.81 | 53.81 | 53.25 | 81.76 | 49.58 | 52.08 | 58.71 | 11.87 | 11.99 | 17.12 | 16.42 | 11.03 |
| Long-term Debt | 679.55 | 687.34 | 705.61 | 717.06 | 723.78 | 577.01 | 584.48 | 585.36 | 599.61 | 587.39 | 594.40 | 542.49 | 0.01 | 0.01 | 0.04 | 0.56 | 0.08 |
| Total Non-current Liabilities* | 406.10 | 474.02 | 482.63 | 495.74 | 687.81 | 592.33 | 600.06 | 601.68 | 614.23 | 601.46 | 608.93 | 493.83 | 6.82 | 7.05 | 23.23 | 31.14 | 31.83 |
| Total Liabilities | 695.48 | 705.03 | 729.72 | 735.22 | 747.21 | 655.14 | 653.87 | 654.92 | 695.98 | 651.03 | 661.01 | 552.54 | 18.69 | 19.04 | 40.35 | 47.57 | 42.86 |
| Retained Earnings | (354.01) | (357.33) | (347.54) | (346.68) | (343.71) | (322.45) | (268.92) | (260.34) | (227.70) | (208.39) | (211.45) | (150.19) | (128.19) | (115.49) | (84.29) | (76.76) | (66.29) |
| Total Stockholder Equity* | 120.40 | 116.92 | 124.85 | 124.99 | 130.78 | 151.64 | 204.56 | 212.96 | 244.14 | 266.17 | 265.39 | 365.09 | 335.12 | 346.56 | 370.05 | 376.38 | 384.65 |
* 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 | 30.35 | 23.42 | 24.03 | 30.73 | 33.24 | 23.82 | 19.96 | 21.38 | 22.48 | 18.29 | 15.70 | 23.25 | 22.81 | 18.10 | 7.06 | 8.36 | 3.01 | 4.76 | 8.03 | 3.20 |
| Cost of Revenue | -- | -- | -- | -- | -- | -- | -- | 9.66 | 10.14 | 8.87 | 11.56 | 9.81 | 8.59 | 7.85 | -- | -- | 2.44 | 5.20 | 9.66 | 2.51 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | 11.72 | 12.34 | 9.42 | 4.14 | 13.44 | 14.22 | 10.24 | -- | -- | 0.56 | (0.43) | (1.63) | 0.69 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.35 | 2.40 | 2.99 | 3.34 | 3.22 |
| Selling, General & Admin | 11.28 | 11.58 | 12.97 | 12.94 | 15.10 | 14.10 | 15.20 | 13.52 | 16.70 | 13.47 | 12.03 | 12.39 | 15.99 | 15.72 | 19.32 | 29.34 | 12.80 | 11.66 | 15.91 | 12.74 |
| Total Operating Expenses* | -- | -- | -- | -- | -- | -- | -- | 48.88 | 15.70 | 13.02 | 9.20 | 37.96 | 15.99 | 15.72 | 0.60 | 36.37 | 13.63 | 23.25 | 19.25 | 2.64 |
| Operating Income | 9.78 | 3.85 | 2.25 | 8.48 | 8.90 | (1.69) | (6.28) | (37.16) | (3.36) | (3.60) | (5.06) | (24.52) | (1.77) | (5.47) | 6.46 | (28.01) | (14.64) | (23.69) | (20.88) | (15.27) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 10.94 | -- | -- | -- | -- | -- | -- | -- | 0.02 | 0.00 | 0.02 |
| Pretax Income* | 3.32 | (2.92) | (6.86) | (0.86) | (2.97) | (15.34) | -- | (53.53) | (8.58) | (2.45) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | 3.32 | (2.92) | (6.86) | (0.86) | (2.97) | (15.34) | (5.93) | (53.53) | (8.58) | (2.45) | (30.19) | (19.31) | 3.07 | (19.39) | (43.15) | (22.00) | (12.70) | (16.08) | (15.12) | (7.53) |
| Basic EPS | 0.18 | (0.16) | (0.38) | (0.05) | (0.17) | (0.84) | (0.36) | (2.88) | (0.45) | (0.13) | (2.36) | (1.11) | 0.02 | (0.13) | (0.31) | (0.15) | (0.09) | (0.11) | (0.12) | (0.05) |
| Diluted EPS | 0.15 | (0.16) | (0.38) | (0.05) | (0.17) | (0.84) | (0.36) | (2.88) | (0.45) | (0.13) | (2.36) | (1.11) | 0.02 | (0.13) | (0.31) | (0.15) | (0.09) | (0.11) | (0.10) | (0.05) |
* 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 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (3.23) | (2.70) | (3.30) | 11.24 | (2.34) | (9.12) | (13.46) | (1.05) | (5.11) | (22.19) | (20.98) | 2.29 | (9.35) | (3.68) | (16.12) | (11.18) | (19.10) | (14.28) | (13.67) | (10.58) |
| Capital Expenditures | 0.00 | 0.00 | 0.00 | 0.04 | 0.10 | 0.09 | 0.17 | 0.03 | 0.08 | 0.07 | 0.21 | 0.16 | 0.12 | -- | -0.00 | 0.24 | 0.03 | 0.72 | 1.14 | 0.67 |
| Free Cash Flow* | (3.23) | (2.70) | (3.30) | 11.20 | (2.44) | (9.21) | (13.63) | (1.08) | (5.20) | (22.25) | (21.19) | 2.13 | (9.48) | -- | (16.12) | (11.41) | (19.12) | (15.00) | (14.81) | (11.25) |
| Investing Cash Flow | 7.00 | 5.33 | 7.88 | 8.61 | 4.12 | 4.18 | (124.81) | 9.91 | 7.80 | 5.69 | -- | -- | -- | -- | (32.28) | (0.01) | 0.75 | (0.72) | (4.22) | (8.78) |
| Financing Cash Flow | (7.85) | (10.16) | (10.20) | (11.53) | (7.79) | (7.73) | 97.44 | (9.09) | (2.14) | (6.78) | -- | -- | -- | -- | (2.49) | 0.10 | 0.13 | (0.07) | (0.01) | (0.12) |
* Derived from reported values