Financial Statements — SURG
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 | 1.95 | 1.99 | 2.51 | 4.40 | 5.40 | 13.65 | -- | -- | -- | -- | -- | 7.89 | 8.70 | 3.44 | 0.64 | 0.57 | 1.60 |
| Short-term Investments | -- | -- | -- | -- | -- | 10.07 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 1.83 | 5.04 | 4.29 | 2.68 | 2.49 | 1.51 | 1.41 | 8.27 | 9.77 | 10.29 | 9.66 | 9.47 | 8.32 | 5.64 | 1.67 | 0.59 | 0.49 |
| Inventory | 0.25 | 0.34 | 1.92 | 2.41 | 1.78 | 8.36 | 8.36 | 7.34 | 14.55 | 18.09 | 15.52 | 9.49 | 5.68 | 3.08 | 0.50 | 0.18 | 0.23 |
| Total Current Assets | 4.86 | 8.21 | 9.23 | 9.69 | 9.85 | 33.91 | 48.72 | 59.06 | 37.25 | 33.73 | 34.21 | 26.98 | 22.75 | 12.40 | 2.84 | 1.35 | 2.55 |
| Property, Plant & Equipment | 0.35 | 0.38 | 0.43 | 0.46 | 0.52 | 0.16 | 0.22 | 0.29 | 0.43 | 0.50 | 0.57 | 0.75 | 0.89 | 0.20 | 0.22 | 0.23 | 0.22 |
| Goodwill | -- | -- | 3.30 | 3.30 | 3.30 | 4.17 | 4.17 | 4.17 | 1.67 | 1.67 | 1.67 | 1.67 | 1.67 | 0.87 | 0.87 | 0.87 | 0.87 |
| Intangible Assets | 0.49 | 0.66 | 0.98 | 1.15 | 1.31 | 1.64 | 1.80 | 1.96 | 2.29 | 2.45 | 2.62 | 2.94 | 3.11 | 3.27 | 3.60 | 3.76 | 3.92 |
| Total Non-current Assets* | 4.38 | 1.29 | 5.27 | 5.52 | 5.81 | 7.59 | 7.69 | 10.52 | 5.99 | 6.21 | 6.35 | 6.38 | 6.74 | 5.40 | 5.79 | 6.04 | 6.24 |
| Total Assets | 9.24 | 9.50 | 14.49 | 15.22 | 15.66 | 41.50 | 56.41 | 69.59 | 43.24 | 39.94 | 40.57 | 33.36 | 29.49 | 17.80 | 8.63 | 7.39 | 8.79 |
| Accounts Payable | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.42 | 7.20 | 13.67 | 11.29 | 5.65 | 4.16 | 5.80 | 4.46 |
| Short-term Debt | 19.28 | 16.96 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 26.16 | 30.04 | 17.67 | 8.70 | 5.74 | 5.43 | 6.60 | 9.43 | 14.48 | 18.48 | 25.65 | 26.93 | 21.33 | 8.92 | 11.24 | 13.63 | 14.97 |
| Long-term Debt | 17.69 | 15.24 | 12.00 | 9.60 | 3.61 | 4.42 | 4.81 | 5.19 | 5.11 | 5.67 | 6.79 | -- | -- | -- | -- | -- | 9.88 |
| Total Non-current Liabilities* | 3.83 | 3.33 | 3.25 | 6.45 | 2.14 | 2.79 | 3.52 | 3.97 | 4.91 | 4.90 | 4.94 | 5.97 | 5.99 | 6.53 | 7.93 | 3.09 | 4.21 |
| Total Liabilities | 29.99 | 33.37 | 20.92 | 15.15 | 7.88 | 8.22 | 10.12 | 13.40 | 19.40 | 23.38 | 30.59 | 32.90 | 27.32 | 15.45 | 19.18 | 16.72 | 19.18 |
| Retained Earnings | (107.75) | (109.04) | (83.12) | (75.63) | (68.55) | (41.10) | (26.83) | (13.96) | (18.21) | (25.29) | (31.26) | (38.85) | (37.31) | (36.34) | (28.37) | (26.62) | (26.41) |
| Total Stockholder Equity | (20.69) | (23.81) | (6.37) | 0.12 | 7.84 | 33.16 | 46.16 | 56.04 | 23.70 | 16.35 | 9.85 | 0.63 | 2.12 | 2.39 | (10.55) | (9.33) | (10.39) |
* 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 | 16.20 | 15.98 | 16.19 | 18.68 | 11.52 | 10.58 | 9.60 | 4.77 | 15.09 | 31.43 | 32.32 | 34.16 | 35.89 | 34.78 | 36.23 | 36.17 | 28.01 | 21.14 | 14.16 | 14.54 |
| Cost of Revenue | 16.63 | 23.68 | 18.58 | 21.28 | 14.17 | 13.52 | 20.83 | 12.60 | 18.53 | 23.25 | 24.88 | 23.68 | 25.86 | 27.08 | 29.50 | 34.25 | 25.81 | 18.51 | 12.35 | 12.63 |
| Gross Profit | (0.43) | (7.70) | (2.40) | (2.60) | (2.65) | (2.94) | (11.23) | 10.48 | (3.44) | 8.18 | 7.44 | 28.20 | 2.19 | 7.69 | 6.72 | 1.92 | 4.82 | 2.63 | 1.81 | 1.90 |
| Selling, General & Admin | 4.63 | 3.50 | 6.92 | 4.35 | 4.16 | 4.64 | 7.15 | 6.45 | 7.43 | 6.43 | 6.58 | 3.39 | 3.82 | 2.99 | 3.18 | 2.93 | 3.04 | 3.68 | 4.12 | 2.28 |
| Total Operating Expenses | (3.88) | 3.50 | 6.92 | 4.35 | 4.16 | 4.64 | 7.15 | 20.31 | 13.86 | 6.43 | 6.58 | 3.39 | 3.82 | 2.99 | 3.18 | 2.93 | 3.04 | 3.68 | 3.91 | 2.28 |
| Operating Income | 3.45 | (11.20) | (12.80) | (6.95) | (6.81) | (7.58) | (18.38) | (14.28) | (10.88) | 1.75 | 0.87 | 7.09 | 6.20 | 4.71 | 3.54 | (1.01) | (0.85) | (1.05) | (2.10) | (0.38) |
| Interest Expense | 0.02 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.40 | 0.00 | 0.40 | -- | -- | -- | -- |
| Pretax Income | 1.29 | (12.05) | (13.86) | (7.49) | (7.08) | (7.64) | (20.09) | (14.28) | (10.34) | 1.64 | 0.76 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | -- | -- | -- | -- | -- | -- | (0.10) | 0.00 | 2.55 | 0.42 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | 1.29 | (12.05) | (13.86) | (7.49) | (7.08) | (7.64) | (19.81) | (14.28) | (12.87) | 1.22 | 3.02 | 7.08 | 5.97 | 4.55 | 3.04 | (1.54) | (0.97) | (1.21) | (6.84) | (1.66) |
| Basic EPS | 0.05 | (0.51) | (0.68) | (0.38) | (0.36) | (0.38) | (1.07) | (0.73) | (0.66) | 0.07 | 0.21 | 0.50 | 0.42 | 0.32 | 0.24 | (0.12) | (0.07) | (0.10) | -- | -- |
| Diluted EPS | 0.05 | (0.51) | (0.68) | (0.38) | (0.36) | (0.38) | (1.07) | (0.73) | (0.66) | 0.07 | 0.18 | 0.49 | 0.40 | 0.31 | -- | -- | -- | -- | -- | -- |
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 | (2.63) | (4.55) | (3.56) | (4.65) | (6.12) | (6.96) | (7.90) | (13.32) | (4.13) | 4.04 | 1.96 | 8.11 | (2.64) | 2.87 | 4.74 | (0.80) | 0.18 | (3.32) | (8.14) | (2.29) |
| Capital Expenditures | -- | -- | -- | 0.00 | 0.00 | 0.02 | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | -0.00 | 0.00 | 0.01 | 0.00 | 0.01 |
| Free Cash Flow* | -- | -- | -- | (4.65) | (6.12) | (6.98) | -- | -- | -- | -- | -- | -- | -- | -- | 4.74 | (0.80) | 0.18 | (3.33) | (8.14) | (2.29) |
| Investing Cash Flow | -- | -- | 0.00 | 0.00 | 0.00 | (0.02) | 7.58 | (10.59) | -- | -- | 0.00 | 0.00 | (0.12) | (0.16) | (0.39) | 0.00 | (1.10) | (0.01) | -0.00 | (0.01) |
| Financing Cash Flow | 2.59 | 4.95 | 3.06 | 2.76 | 5.13 | (0.41) | (0.55) | (0.87) | (0.38) | 24.28 | (0.07) | (0.56) | (0.91) | (0.88) | (5.21) | (0.01) | 6.19 | 0.49 | 13.79 | 2.36 |
* Derived from reported values
