Financial Statements — TEM
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 |
|---|
| Cash & Equivalents | 0.60 | 0.52 | 0.66 | 0.19 | 0.15 | 0.39 | 0.48 |
| Accounts Receivable | 0.36 | 0.31 | 0.28 | 0.27 | 0.26 | 0.15 | 0.12 |
| Inventory | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 | 0.03 |
| Total Current Assets | 1.29 | 1.05 | 1.15 | 0.64 | 0.57 | 0.68 | 0.67 |
| Property, Plant & Equipment | 0.09 | 0.09 | 0.09 | 0.09 | 0.09 | 0.06 | 0.06 |
| Goodwill | 0.47 | 0.47 | 0.47 | 0.33 | 0.33 | 0.07 | 0.07 |
| Intangible Assets | 0.31 | 0.33 | 0.37 | 0.39 | 0.40 | 0.01 | 0.02 |
| Total Non-current Assets* | 1.08 | 1.08 | 1.13 | 0.98 | 0.97 | 0.29 | 0.19 |
| Total Assets | 2.37 | 2.14 | 2.28 | 1.63 | 1.54 | 0.97 | 0.86 |
| Accounts Payable | 0.07 | 0.04 | 0.06 | 0.08 | 0.09 | 0.05 | 0.03 |
| Total Current Liabilities | 0.39 | 0.32 | 0.35 | 0.42 | 0.34 | 0.25 | 0.18 |
| Total Non-current Liabilities* | 1.53 | 1.40 | 1.42 | 0.90 | 0.88 | 0.67 | 0.58 |
| Total Liabilities | 1.92 | 1.72 | 1.77 | 1.32 | 1.22 | 0.92 | 0.77 |
| Retained Earnings | (2.52) | (2.52) | (2.34) | (2.26) | (2.22) | (2.14) | (2.06) |
| Total Stockholder Equity | 0.44 | 0.42 | 0.51 | 0.31 | 0.33 | 0.05 | 0.10 |
* 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 |
|---|
| Total Revenue | 382.49 | 348.12 | 367.21 | 334.21 | 314.64 | 255.74 | 200.68 | 180.93 | 165.97 |
| Research & Development | 52.64 | 48.24 | 50.47 | 44.96 | 41.62 | 35.87 | 29.61 | 27.35 | 68.03 |
| Selling, General & Admin | 225.85 | 212.59 | 208.51 | 187.89 | 180.71 | 154.63 | 111.29 | 101.43 | 463.07 |
| Operating Income | (75.91) | (84.71) | (61.41) | (61.00) | (61.77) | (68.69) | (50.70) | (53.62) | (533.49) |
| Pretax Income | 8.82 | (122.89) | (57.01) | (81.22) | (40.53) | (112.33) | (10.36) | (74.11) | (552.12) |
| Tax Provision | 0.31 | (0.06) | (5.99) | 0.28 | 0.21 | (46.18) | 0.12 | -- | -- |
| Net Income | 5.64 | (125.92) | (54.17) | (79.98) | (42.84) | (68.04) | (13.01) | (75.84) | (552.21) |
| Basic EPS | 0.03 | (0.70) | (0.30) | (0.46) | (0.25) | (0.40) | 0.81 | (0.46) | (6.86) |
| Diluted EPS | 0.03 | (0.71) | (0.30) | (0.46) | (0.25) | (0.40) | 0.81 | (0.46) | (6.86) |
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 |
|---|
| Operating Cash Flow | (7.52) | (73.28) | (36.79) | (119.84) | 44.16 | (105.62) | (39.25) | 48.66 | (198.46) |
| Capital Expenditures | 6.13 | 8.20 | 4.76 | 6.71 | 7.51 | 2.07 | 7.96 | 0.04 | 14.12 |
| Free Cash Flow* | (13.65) | (81.48) | (41.54) | (126.55) | 36.65 | (107.70) | (47.21) | 48.62 | (212.57) |
| Investing Cash Flow | (11.09) | (10.07) | (10.72) | (2.31) | (9.51) | (375.82) | (7.96) | (131.41) | 8.98 |
| Financing Cash Flow | 97.12 | (0.27) | (3.61) | 594.69 | 0.00 | 293.04 | (0.18) | (8.12) | 502.63 |
* Derived from reported values
