Financial Statements — TCX
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 | 44.16 | 44.31 | 54.08 | 52.02 | 38.08 | 75.21 | 39.28 | 66.59 | 110.74 | 147.86 | 11.77 | 30.51 | 6.51 | 6.20 | 5.54 | 7.26 | 8.31 |
| Accounts Receivable | 23.07 | 27.79 | 27.98 | 24.22 | 24.12 | 18.89 | 17.97 | 19.68 | 24.19 | 23.51 | 24.17 | 14.72 | 13.53 | 16.39 | 14.82 | 14.81 | 15.87 |
| Inventory | 3.97 | 3.19 | 4.02 | 3.44 | 3.90 | 4.81 | 5.54 | 6.10 | 7.79 | 7.80 | 6.54 | 5.89 | 4.80 | 3.56 | 3.11 | 2.84 | 2.32 |
| Total Current Assets | 197.71 | 200.04 | 208.94 | 211.71 | 194.50 | 221.58 | 188.95 | 213.93 | 266.27 | 308.72 | 167.70 | 172.27 | 153.34 | 154.25 | 143.83 | 146.44 | 142.14 |
| Property, Plant & Equipment | 268.38 | 275.54 | 287.96 | 305.33 | 322.40 | 355.69 | 354.23 | 350.40 | 330.87 | 319.39 | 303.79 | 254.16 | 225.20 | 191.46 | 155.24 | 144.19 | 129.85 |
| Goodwill | 130.41 | 130.41 | 130.41 | 130.41 | 130.41 | 130.41 | 130.41 | 130.41 | 130.41 | 130.41 | 130.41 | 130.41 | 130.41 | 130.41 | 116.30 | 116.30 | 116.30 |
| Intangible Assets | 6.48 | 7.20 | 8.72 | 9.62 | 11.28 | 13.69 | 14.42 | 15.62 | 19.82 | 22.41 | 24.80 | 29.71 | 32.55 | 35.37 | 28.12 | 30.40 | 32.69 |
| Total Non-current Assets* | 529.99 | 529.20 | 526.55 | 530.48 | 547.41 | 577.45 | 569.27 | 566.34 | 547.62 | 534.59 | 513.97 | 473.19 | 441.37 | 409.13 | 349.37 | 337.10 | 321.96 |
| Total Assets | 727.70 | 729.24 | 735.49 | 742.18 | 741.91 | 799.03 | 758.21 | 780.27 | 813.89 | 843.31 | 681.67 | 645.47 | 594.71 | 563.38 | 493.20 | 483.53 | 464.10 |
| Accounts Payable | 36.13 | 33.08 | 32.12 | 35.77 | 28.88 | 9.13 | 11.23 | 12.77 | 11.68 | 11.96 | 16.64 | 18.54 | 28.18 | 14.10 | 9.26 | 7.43 | 9.97 |
| Total Current Liabilities | 345.68 | 337.10 | 194.55 | 200.62 | 192.97 | 198.87 | 204.19 | 208.19 | 188.38 | 194.13 | 192.12 | 185.95 | 423.80 | 182.84 | 168.38 | 170.70 | 172.05 |
| Long-term Debt | -- | -- | -- | -- | -- | -- | -- | -- | -- | 229.90 | 236.90 | 239.70 | 227.10 | 207.90 | 150.40 | 140.40 | 122.40 |
| Total Non-current Liabilities* | 582.79 | 573.47 | 685.00 | 663.24 | 657.19 | 653.23 | 587.09 | 588.02 | 595.47 | 598.07 | 409.90 | 353.97 | 57.41 | 265.52 | 211.60 | 202.01 | 184.64 |
| Total Liabilities* | 928.47 | 910.57 | 879.55 | 863.87 | 850.17 | 852.10 | 791.28 | 796.22 | 783.85 | 792.20 | 602.02 | 539.92 | 481.21 | 448.37 | 379.98 | 372.71 | 356.69 |
| Retained Earnings | (264.55) | (244.08) | (203.95) | (180.93) | (165.29) | (107.68) | (85.39) | (66.78) | (16.92) | 5.85 | 36.82 | 69.34 | 77.33 | 80.45 | 85.44 | 84.06 | 82.26 |
| Total Stockholder Equity | (200.77) | (181.33) | (144.06) | (121.69) | (108.26) | (53.07) | (33.07) | (15.94) | 30.05 | 51.11 | 79.65 | 105.55 | 113.50 | 115.01 | 113.22 | 110.82 | 107.41 |
* 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 | 100.56 | 96.66 | 98.67 | 98.56 | 98.46 | 94.61 | 93.10 | 92.30 | 89.42 | 87.46 | 86.96 | 86.97 | 84.98 | 80.43 | 78.91 | 78.05 | 83.08 | 81.10 | 82.48 | 75.89 |
| Cost of Revenue | 74.77 | 72.53 | 74.54 | 74.38 | 76.35 | 71.08 | 71.38 | 70.11 | 68.61 | 69.14 | 69.14 | 70.22 | 66.95 | 66.37 | 61.90 | 60.06 | 61.03 | 59.90 | 57.90 | 57.87 |
| Gross Profit | 25.78 | 24.13 | 24.13 | 24.18 | 22.11 | 23.53 | 21.72 | 22.19 | 20.81 | 18.32 | 17.82 | 16.75 | 18.03 | 14.06 | 17.01 | 17.99 | 22.05 | 21.20 | 24.58 | 18.02 |
| Research & Development | 4.86 | 4.43 | 4.38 | 4.68 | 4.34 | 4.41 | 4.47 | 4.62 | 4.52 | 5.02 | 5.00 | 4.82 | 4.58 | 4.82 | 3.97 | 2.98 | 3.47 | 3.77 | 4.27 | 3.74 |
| Selling, General & Admin | 13.10 | 9.83 | 14.32 | 9.65 | 9.66 | 9.24 | 6.58 | 11.49 | 9.19 | 9.82 | 7.78 | 9.40 | 8.08 | 8.15 | 8.84 | 7.90 | 6.81 | 7.30 | 7.14 | 5.07 |
| Total Operating Expenses | 31.24 | 28.44 | 33.13 | 33.76 | 24.99 | 25.56 | 51.57 | 32.24 | 29.41 | 34.84 | 33.92 | 33.92 | 31.13 | 31.34 | 30.01 | 27.37 | 26.49 | 26.05 | 25.96 | 21.25 |
| Operating Income | (5.46) | (4.31) | (8.99) | (9.58) | (2.88) | (2.03) | (29.85) | (10.05) | (8.60) | (16.52) | (16.10) | (17.17) | (13.10) | (17.28) | (13.00) | (9.38) | (4.43) | (4.85) | (1.38) | (3.22) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 12.88 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (17.34) | (15.71) | (20.41) | (20.56) | (13.37) | (12.97) | (40.56) | (19.22) | (17.38) | (24.71) | (24.69) | (23.59) | (33.99) | (20.79) | (14.45) | (9.01) | (2.39) | (1.94) | 1.27 | 1.08 |
| Tax Provision | 3.13 | 2.39 | 1.62 | 2.46 | 2.27 | 2.17 | 1.92 | 3.07 | 1.22 | 1.77 | (1.32) | (0.82) | (3.02) | (1.71) | (1.01) | (1.03) | 0.74 | 1.08 | 3.24 | (0.30) |
| Net Income | (20.47) | (18.11) | (22.03) | (23.02) | (15.64) | (15.13) | (42.47) | (22.30) | (18.60) | (26.48) | (23.37) | (22.77) | (30.97) | (19.08) | (13.44) | (7.98) | (3.12) | (3.02) | (1.97) | 1.38 |
| Basic EPS | (1.84) | (1.63) | (1.99) | (2.08) | (1.41) | (1.37) | (3.87) | (2.03) | (1.70) | (2.42) | (2.13) | (2.09) | (2.86) | (1.77) | (1.25) | (0.74) | (0.29) | (0.28) | (0.18) | 0.13 |
| Diluted EPS | (1.84) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (1.77) | (1.25) | (0.74) | (0.29) | (0.28) | (0.19) | 0.13 |
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 | 1.94 | 3.52 | (2.61) | 1.53 | 6.57 | (11.25) | (4.79) | (4.56) | (4.71) | (5.68) | 9.00 | (6.94) | (1.59) | (5.25) | 2.90 | (1.01) | 12.58 | 5.41 | 10.54 | 1.49 |
| Capital Expenditures | 5.05 | 5.53 | 4.36 | 3.85 | 3.47 | 5.44 | 11.67 | 14.52 | 15.96 | 14.32 | 14.58 | 22.57 | 23.16 | 31.75 | 36.69 | 46.68 | 30.29 | 23.05 | 23.08 | 14.49 |
| Free Cash Flow* | (3.12) | (2.00) | (6.96) | (2.32) | 3.10 | (16.69) | (16.46) | (19.08) | (20.66) | (20.00) | (5.58) | (29.51) | (24.74) | (37.00) | (33.79) | (47.68) | (17.71) | (17.65) | (12.54) | (13.00) |
| Investing Cash Flow | (3.67) | (5.83) | (3.90) | 3.54 | 6.99 | (4.47) | (11.12) | (14.99) | (15.96) | (14.42) | (14.69) | (22.60) | (23.37) | (31.91) | (37.36) | (46.68) | (30.31) | (23.15) | (49.65) | (14.49) |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | (2.92) | 0.03 | (2.50) | (1.93) | 58.45 | (6.52) | (5.50) | (11.75) | (7.64) | 172.78 | 25.44 | 27.45 | 71.68 | 18.04 | 14.84 | 42.68 | 11.28 |
* Derived from reported values
