Financial Statements — TIL
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 | 5.54 | 5.02 | 5.80 | 7.69 | 15.37 | 6.66 | 6.78 | 5.48 | 9.13 | 21.76 | 27.35 | 41.12 | 42.46 | 61.47 | 20.40 | 566.73 | 609.64 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | 174.32 | 179.94 | 195.85 | 262.17 | 312.14 | 318.05 | 494.96 | -- | -- |
| Total Current Assets | 71.61 | 188.30 | 196.26 | 207.39 | 219.26 | 132.57 | 154.93 | 161.03 | 195.63 | 220.59 | 240.12 | 313.66 | 367.68 | 390.70 | 523.09 | 574.46 | 613.76 |
| Property, Plant & Equipment | 111.78 | 0.11 | 0.14 | 0.15 | 0.16 | 130.15 | 133.13 | 133.90 | 139.44 | 181.47 | 180.01 | 185.06 | 167.13 | 140.83 | 103.69 | 78.58 | 62.86 |
| Goodwill | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.72 | 5.72 | 5.72 | 5.72 | 5.72 | 5.72 |
| Total Non-current Assets* | 126.11 | 12.13 | 15.50 | 23.60 | 18.18 | 139.99 | 139.39 | 145.27 | 144.64 | 187.72 | 187.05 | 219.09 | 200.86 | 174.24 | 124.31 | 98.21 | 82.38 |
| Total Assets | 197.71 | 200.43 | 211.77 | 230.99 | 237.45 | 272.56 | 294.32 | 306.30 | 340.27 | 408.31 | 427.17 | 532.74 | 568.54 | 564.94 | 647.40 | 672.67 | 696.14 |
| Accounts Payable | 0.80 | 0.79 | 0.93 | 0.52 | 0.29 | 1.20 | 1.22 | 1.23 | 1.65 | 2.16 | 1.35 | 5.33 | 5.79 | 7.71 | 5.25 | 5.23 | 3.73 |
| Total Current Liabilities | 3.31 | 4.72 | 5.70 | 13.85 | 7.23 | 10.28 | 10.29 | 11.35 | 13.47 | 18.38 | 26.69 | 42.10 | 43.21 | 36.78 | 32.09 | 23.84 | 17.33 |
| Total Non-current Liabilities* | 87.03 | 85.01 | 85.65 | 85.46 | 85.31 | 85.95 | 89.01 | 89.13 | 92.78 | 93.42 | 89.33 | 80.05 | 66.99 | 19.60 | 13.89 | 13.35 | 13.66 |
| Total Liabilities | 90.33 | 89.73 | 91.35 | 99.32 | 92.54 | 96.23 | 99.30 | 100.48 | 106.25 | 111.79 | 116.02 | 122.15 | 110.20 | 56.38 | 45.98 | 37.20 | 30.99 |
| Retained Earnings | (734.99) | (730.69) | (718.30) | (704.71) | (683.32) | (643.22) | (620.20) | (605.28) | (568.06) | (500.62) | (481.96) | (371.05) | (314.83) | (255.83) | (146.37) | (103.36) | (68.05) |
| Total Stockholder Equity* | 107.38 | 110.70 | 120.42 | 131.67 | 144.91 | 176.33 | 195.02 | 205.83 | 234.02 | 296.52 | 311.15 | 410.59 | 458.33 | 508.56 | 601.42 | 635.47 | 665.15 |
* 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 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | 2.92 | 7.26 | 1.98 | 8.49 | 8.46 | 20.67 | 20.72 | 39.66 | 41.50 | 39.17 | 42.58 | 29.06 |
| Selling, General & Admin | 5.13 | 5.35 | 6.06 | 5.90 | 6.16 | 9.11 | 10.37 | 10.71 | 10.71 | 12.42 | 10.87 | 11.94 | 11.52 | 13.22 | 12.91 | 16.99 | 17.22 | 15.11 | 11.18 | 13.96 |
| Total Operating Expenses | 5.58 | 7.01 | 9.56 | 15.02 | 23.44 | 30.56 | 11.82 | 23.63 | 14.14 | 23.96 | 13.02 | 66.72 | 20.99 | 58.45 | 56.80 | 56.65 | 58.72 | 54.29 | 53.75 | 43.02 |
| Operating Income | (5.58) | (7.01) | (9.56) | (15.02) | (23.44) | (30.56) | (11.82) | (23.63) | (14.13) | (23.95) | (13.02) | (66.72) | (20.99) | (58.45) | (56.80) | (56.65) | (58.72) | (54.29) | (53.75) | (43.02) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.98 | 1.98 | 2.00 | 0.59 | 0.64 | 0.75 | 0.81 | 0.33 | -- | -- | -- |
| Pretax Income | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (12.92) | (67.43) | (18.66) | (57.07) | (54.45) | (56.59) | (59.60) | (54.60) | (54.29) | (43.66) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | (0.60) | (0.37) | (0.61) | (0.49) | 1.06 | (0.66) |
| Net Income | (4.30) | (4.20) | (8.19) | (13.59) | (21.39) | (28.20) | (11.89) | (23.02) | (14.92) | (24.30) | (12.92) | (67.43) | (75.73) | -- | (53.84) | (56.22) | (58.99) | (54.12) | (55.35) | (43.00) |
| Basic EPS | (0.63) | (0.62) | (1.13) | (2.01) | (3.24) | (4.32) | (1.82) | (3.54) | (2.29) | (3.74) | (22.90) | (0.52) | (0.14) | (0.44) | (0.41) | (0.43) | (0.46) | (0.42) | (0.22) | (0.33) |
| Diluted EPS | (0.63) | (0.62) | (1.13) | (2.01) | (3.24) | (4.32) | (1.82) | (3.54) | (2.29) | (3.74) | (22.90) | (0.52) | (0.14) | (0.44) | (0.41) | (0.43) | (0.46) | (0.42) | (0.22) | (0.33) |
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 | (4.64) | (1.34) | (7.08) | (10.56) | (14.79) | (4.19) | (10.56) | (20.13) | (10.61) | (14.39) | (13.38) | (14.43) | (19.56) | (34.66) | (36.98) | (40.88) | (47.26) | (55.05) | (42.79) | (29.39) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 5.16 | 6.98 | 8.47 | 13.01 | 25.20 | 26.14 | 20.24 | 18.46 | 21.75 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (10.56) | (20.13) | (10.61) | (14.39) | (13.44) | (19.58) | (26.54) | (43.13) | (49.99) | (66.08) | (73.40) | (75.29) | (61.25) | (51.14) |
| Investing Cash Flow | 5.29 | (0.32) | 7.82 | 8.45 | (0.40) | 9.61 | 13.00 | 19.81 | 11.92 | 9.24 | 13.95 | 2.32 | 10.33 | 14.53 | 32.80 | 25.37 | (21.50) | 77.87 | 59.96 | (516.73) |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.38 | 6.68 | 0.23 | 1.60 | 0.16 | 0.00 | 0.00 | 0.00 | (0.59) | 4.20 | 4.47 | 6.20 | 14.72 | 50.62 | 0.34 | 0.20 | 0.12 |
* Derived from reported values
