Financial Statements — TOPP
Balance Sheet
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | 4.70 | 0.84 | 0.46 | 1.49 | 1.74 |
| Short-term Investments | -- | -- | -- | -- | 6.00 |
| Accounts Receivable | 1.51 | 1.58 | 1.51 | 1.05 | 1.17 |
| Total Current Assets | 8.97 | 5.09 | 2.42 | 3.20 | 3.44 |
| Property, Plant & Equipment | 1.05 | 1.13 | 1.84 | 1.97 | 1.79 |
| Intangible Assets | 0.34 | 0.40 | 0.54 | 0.60 | 0.67 |
| Total Non-current Assets* | 4.93 | 5.17 | 8.29 | 9.06 | 9.03 |
| Total Assets | 13.90 | 10.25 | 10.71 | 12.26 | 12.46 |
| Accounts Payable | 0.81 | 0.79 | 0.56 | 0.65 | 0.48 |
| Total Current Liabilities | 1.59 | 1.60 | 0.94 | 2.00 | 1.79 |
| Long-term Debt | 0.85 | 0.97 | 0.46 | 0.47 | 0.15 |
| Total Non-current Liabilities* | 0.52 | 0.69 | 0.61 | 0.73 | 0.60 |
| Total Liabilities | 2.11 | 2.29 | 1.55 | 2.73 | 2.39 |
| Retained Earnings | (5.90) | (5.60) | (3.81) | 0.34 | 1.87 |
| Total Stockholder Equity | 11.79 | 7.97 | 9.16 | 9.53 | 10.07 |
* 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 |
|---|---|---|---|---|---|---|---|
| Total Revenue | 4.64 | 4.11 | 4.27 | 4.49 | 3.97 | 3.81 | 3.87 |
| Cost of Revenue* | 4.26 | 4.27 | 6.10 | 3.12 | 3.51 | 3.31 | 3.32 |
| Gross Profit* | 0.38 | (0.17) | (1.83) | 1.37 | 0.46 | 0.50 | 0.55 |
| Selling, General & Admin | 0.72 | 0.55 | (0.67) | 5.60 | 2.04 | 0.91 | 1.11 |
| Total Operating Expenses* | 0.72 | 0.55 | (0.67) | 5.60 | 2.04 | 0.91 | 1.11 |
| Operating Income | (0.34) | (0.71) | (1.15) | (4.23) | (1.59) | (0.41) | (0.56) |
| Pretax Income | (0.31) | (0.65) | (1.14) | (4.15) | (1.64) | (0.43) | (0.26) |
| Tax Provision | -- | -- | 0.00 | 0.00 | (0.11) | 0.09 | (0.21) |
| Net Income | (0.31) | (0.65) | (1.14) | (4.15) | (1.53) | (0.53) | (0.05) |
| Basic EPS | (0.01) | (0.03) | (0.06) | (0.23) | (0.09) | (0.03) | (0.01) |
| Diluted EPS | (0.01) | (0.03) | (0.06) | (0.23) | (0.09) | (0.03) | (0.01) |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | (0.13) | (0.79) | (0.20) | (0.44) | (0.26) | (0.88) |
| Capital Expenditures | -- | -- | (0.66) | 0.00 | 0.32 | 0.69 |
| Free Cash Flow* | -- | -- | 0.46 | (0.44) | (0.58) | (1.58) |
| Investing Cash Flow | 0.00 | 0.50 | 0.41 | 0.45 | (0.32) | (6.39) |
| Financing Cash Flow | 3.99 | (0.08) | 0.53 | (1.03) | 0.32 | 8.46 |
* Derived from reported values