Financial Statements — STRO
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 | 0.05 | 0.07 | 0.07 | 0.06 | 0.11 | 0.17 | 0.09 | 0.07 | 0.08 | 0.24 | 0.06 | 0.10 | 0.08 | 0.03 | 0.03 | 0.06 | 0.06 |
| Short-term Investments | 0.11 | 0.13 | 0.10 | 0.14 | 0.14 | 0.21 | 0.28 | 0.20 | 0.24 | 0.12 | 0.19 | 0.19 | 0.11 | 0.14 | 0.16 | 0.17 | 0.16 |
| Accounts Receivable | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.03 | 0.02 | 0.01 | 0.01 | 0.01 | 0.10 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Assets | 0.18 | 0.22 | 0.18 | 0.23 | 0.29 | 0.41 | 0.44 | 0.35 | 0.38 | 0.41 | 0.30 | 0.35 | 0.33 | 0.23 | 0.25 | 0.28 | 0.27 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Total Non-current Assets* | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.07 | 0.12 | 0.08 | 0.09 |
| Total Assets | 0.19 | 0.24 | 0.21 | 0.26 | 0.32 | 0.45 | 0.49 | 0.40 | 0.43 | 0.46 | 0.36 | 0.40 | 0.39 | 0.30 | 0.37 | 0.36 | 0.36 |
| Accounts Payable | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Short-term Debt | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | -- |
| Total Current Liabilities | 0.05 | 0.07 | 0.07 | 0.07 | 0.13 | 0.13 | 0.13 | 0.08 | 0.07 | 0.07 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 | 0.03 | 0.02 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
| Total Non-current Liabilities* | 0.24 | 0.24 | 0.23 | 0.22 | 0.21 | 0.21 | 0.21 | 0.23 | 0.25 | 0.24 | 0.11 | 0.11 | 0.13 | 0.04 | 0.05 | 0.03 | 0.03 |
| Total Liabilities | 0.30 | 0.31 | 0.30 | 0.29 | 0.35 | 0.34 | 0.34 | 0.31 | 0.32 | 0.31 | 0.17 | 0.17 | 0.18 | 0.08 | 0.09 | 0.05 | 0.05 |
| Retained Earnings | (1.05) | (1.02) | (0.93) | (0.87) | (0.86) | (0.71) | (0.67) | (0.62) | (0.59) | (0.54) | (0.50) | (0.42) | (0.40) | (0.37) | (0.30) | (0.26) | (0.26) |
| Total Stockholder Equity | (0.10) | (0.07) | (0.09) | (0.03) | (0.03) | 0.11 | 0.15 | 0.10 | 0.11 | 0.15 | 0.19 | 0.23 | 0.21 | 0.22 | 0.28 | 0.31 | 0.31 |
* 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 | 9.84 | 14.52 | 11.65 | 9.69 | 63.75 | 17.40 | 14.81 | 8.52 | 25.71 | 13.01 | 113.72 | 16.92 | 10.41 | 12.67 | 8.63 | 25.15 | 28.10 | 5.90 | 10.65 | 8.52 |
| Research & Development | 31.70 | 36.55 | 36.64 | 39.85 | 38.33 | 51.60 | 71.04 | 62.11 | 62.02 | 56.88 | 53.77 | 45.67 | 41.59 | 39.40 | 43.14 | 31.71 | 32.33 | 29.99 | 29.93 | 26.60 |
| Selling, General & Admin | 7.83 | 7.58 | 8.66 | 8.74 | 10.34 | 13.27 | 9.03 | 14.33 | 12.37 | 12.72 | 16.80 | 15.27 | 15.00 | 15.51 | 14.72 | 14.64 | 15.14 | 15.04 | 15.76 | 16.59 |
| Total Operating Expenses | 39.73 | 44.18 | 49.70 | 58.15 | 67.09 | 85.91 | 80.07 | 76.44 | 74.39 | 69.60 | 70.57 | 60.94 | 56.59 | 54.91 | 57.85 | 46.36 | 47.48 | 45.03 | 45.69 | 43.19 |
| Operating Income | (29.89) | (29.66) | (38.05) | (48.46) | (3.34) | (68.51) | (65.26) | (67.92) | (48.68) | (56.59) | 43.15 | (44.01) | (46.18) | (42.24) | (49.22) | (21.21) | (19.38) | (39.13) | (35.04) | (34.67) |
| Pretax Income | (38.53) | (38.50) | (46.84) | (56.86) | (11.52) | -- | (70.09) | (48.79) | (48.01) | (58.21) | 46.87 | (47.44) | (38.37) | (49.65) | (34.59) | (19.49) | (23.51) | -- | -- | -- |
| Tax Provision | 0.00 | (0.01) | (0.08) | 0.00 | (0.02) | -- | 2.36 | 0.00 | 0.01 | -- | 15.76 | 1.84 | 0.20 | 0.40 | 0.00 | 0.00 | 2.50 | -- | -- | -- |
| Net Income | (38.53) | (38.48) | (46.76) | (56.86) | (11.50) | (75.97) | (72.44) | (48.79) | (48.02) | (58.21) | 31.07 | (49.28) | (38.52) | (50.05) | (34.59) | (19.49) | (26.01) | (39.11) | (38.12) | (30.90) |
| Basic EPS | (2.33) | (2.94) | (20.77) | (0.67) | (0.14) | (0.91) | (0.83) | (0.59) | (0.59) | (0.95) | 0.52 | (0.81) | (0.64) | (0.85) | (0.61) | (0.37) | (0.55) | -- | -- | (0.67) |
| Diluted EPS | (2.33) | (2.94) | (20.77) | (0.67) | (0.14) | (0.91) | (0.83) | (0.59) | (0.59) | (0.95) | 0.52 | (0.81) | (0.64) | (0.85) | (0.61) | (0.37) | (0.55) | -- | -- | (0.67) |
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 | (38.29) | (42.26) | (26.43) | (38.19) | (44.72) | (67.88) | (71.74) | (64.52) | 9.46 | (64.74) | 14.07 | (33.50) | (31.19) | (60.99) | (23.86) | 65.85 | (3.19) | (35.26) | (21.58) | (24.41) |
| Investing Cash Flow | 19.36 | (45.26) | 18.70 | 39.99 | 2.58 | (16.26) | 87.49 | 147.29 | (80.37) | 64.11 | (23.51) | (114.02) | 66.16 | 67.45 | (37.88) | (78.04) | 47.92 | 32.98 | 20.78 | (2.24) |
| Financing Cash Flow | (0.42) | 103.08 | (0.06) | 0.10 | (0.06) | 0.07 | (0.02) | 1.02 | 96.49 | (3.43) | (3.12) | (5.74) | 137.66 | 8.76 | 12.22 | 29.85 | 5.49 | 0.76 | 0.51 | 0.96 |
