Financial Statements — TRDA
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 99.28 | 76.44 | 93.29 | 72.48 | 67.84 | 78.05 | 185.25 | 68.44 | 51.88 | 79.74 | 227.65 | 53.31 | 90.87 | 84.64 | 122.17 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 162.26 | 153.39 | 179.26 | -- |
| Total Current Assets | 232.70 | 266.87 | 338.26 | 369.15 | 403.19 | 465.34 | 489.54 | 414.17 | 383.04 | 390.20 | 434.14 | 234.73 | 253.90 | 272.71 | 123.53 |
| Property, Plant & Equipment | 5.72 | 6.51 | 8.41 | 9.81 | 10.67 | 10.79 | 11.34 | 11.00 | 11.04 | 11.02 | 9.39 | 7.44 | 7.79 | 7.20 | 5.90 |
| Total Non-current Assets* | 66.17 | 68.65 | 74.64 | 79.64 | 83.29 | 89.26 | 92.43 | 96.67 | 101.99 | 103.79 | 41.43 | 39.73 | 42.01 | 43.99 | 8.87 |
| Total Assets | 298.88 | 335.52 | 412.90 | 448.78 | 486.48 | 554.59 | 581.96 | 510.84 | 485.03 | 493.98 | 475.57 | 274.46 | 295.92 | 316.70 | 132.40 |
| Accounts Payable | 3.75 | 2.93 | 3.17 | 1.86 | 2.19 | 1.29 | 1.64 | 2.53 | 0.75 | 2.42 | 6.47 | 1.34 | 4.62 | 2.93 | 2.28 |
| Total Current Liabilities | 21.37 | 19.20 | 24.02 | 19.80 | 18.43 | 70.60 | 85.81 | 173.94 | 165.43 | 125.94 | 147.59 | 21.55 | 18.08 | 15.43 | 7.16 |
| Total Non-current Liabilities* | 44.10 | 45.47 | 48.16 | 49.48 | 50.79 | 61.54 | 66.23 | 67.54 | 72.94 | 161.14 | 98.36 | 19.69 | 21.80 | 23.89 | 0.34 |
| Total Liabilities | 65.47 | 64.66 | 72.18 | 69.28 | 69.22 | 132.14 | 152.04 | 241.48 | 238.37 | 287.08 | 245.96 | 41.24 | 39.88 | 39.31 | 7.50 |
| Retained Earnings | (355.57) | (312.81) | (233.93) | (189.80) | (146.69) | (130.47) | (116.44) | (171.47) | (185.43) | (220.89) | (194.96) | (163.66) | (138.52) | (115.34) | (75.22) |
| Total Stockholder Equity | 233.41 | 270.85 | 340.72 | 379.51 | 417.26 | 422.45 | 429.93 | 269.37 | 246.66 | 206.91 | 229.61 | 233.22 | 256.04 | 277.39 | (72.59) |
* 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 | 0.90 | 0.88 | 1.30 | 1.61 | 1.95 | 20.56 | 37.40 | 19.57 | 94.69 | 59.12 | 41.85 | 43.74 | 18.17 | 25.26 | -- | 0.00 | 0.00 | 0.00 | -- | -- |
| Research & Development | 35.37 | 33.05 | 33.96 | 38.36 | 37.88 | 32.07 | 33.41 | 31.26 | 32.03 | 28.61 | 28.29 | 22.19 | 26.30 | 23.10 | 15.69 | 18.96 | 16.25 | 15.72 | 12.36 | 10.51 |
| Selling, General & Admin | 10.49 | 10.12 | 9.55 | 10.30 | 10.92 | 10.27 | 9.86 | 9.97 | 9.24 | 9.40 | 8.65 | 7.53 | 8.17 | 7.94 | 9.89 | 6.98 | 7.33 | 6.43 | 6.10 | 3.85 |
| Total Operating Expenses | 45.86 | 43.18 | 43.51 | 48.67 | 48.80 | 42.35 | 43.27 | 41.23 | 41.27 | 38.01 | 36.94 | 29.72 | 34.47 | 31.04 | 25.58 | 25.94 | 23.58 | 22.15 | 18.46 | 14.36 |
| Operating Income | (44.96) | (42.30) | (42.21) | (47.05) | (46.85) | (21.79) | (5.87) | (21.66) | 53.42 | 21.11 | 4.91 | 14.01 | (16.30) | (5.78) | (25.58) | (25.94) | (23.58) | (22.15) | (18.46) | (14.36) |
| Pretax Income* | (42.73) | (39.68) | (39.07) | (43.48) | (42.92) | (17.35) | (0.74) | (15.89) | 57.79 | 25.33 | 9.20 | 18.06 | (12.08) | (3.12) | (24.63) | -- | -- | -- | -- | -- |
| Tax Provision | 0.04 | 0.04 | 0.09 | 0.65 | 0.18 | 0.00 | (1.87) | (1.86) | 2.76 | 1.83 | 18.74 | (17.40) | 13.85 | 3.55 | 0.00 | -- | -- | -- | -- | -- |
| Net Income | (42.76) | (39.72) | (39.16) | (44.13) | (43.10) | (17.35) | 1.13 | (14.03) | 55.03 | 23.50 | (9.54) | 35.46 | (25.93) | (6.67) | (24.63) | (25.14) | (23.18) | (21.67) | (18.45) | (14.43) |
| Basic EPS | (1.01) | (0.95) | (0.95) | (1.06) | (1.04) | (0.42) | (0.20) | (0.35) | 1.61 | 0.70 | (0.28) | 1.07 | (0.78) | (0.21) | (0.79) | (0.80) | (0.74) | (0.69) | 16.02 | (9.78) |
| Diluted EPS | (1.01) | (0.95) | (0.95) | (1.06) | (1.04) | (0.42) | (0.20) | (0.35) | 1.55 | 0.68 | (0.23) | 1.02 | (0.78) | (0.21) | (0.79) | (0.80) | (0.74) | (0.69) | 16.02 | (9.78) |
* Derived from reported values
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 | (32.46) | (41.69) | (32.20) | (28.31) | (29.49) | (38.51) | (31.60) | (24.27) | 39.83 | (25.52) | (4.01) | (24.49) | (35.09) | 203.40 | (27.30) | (27.48) | (18.01) | (20.99) | (20.54) | (30.32) |
| Capital Expenditures | 0.01 | 0.04 | (0.21) | (0.17) | 0.28 | 1.14 | 0.64 | 0.64 | 1.05 | 0.84 | 0.98 | 1.45 | 1.52 | 1.67 | 0.71 | 0.81 | 0.78 | 0.59 | 1.32 | 3.26 |
| Free Cash Flow* | (32.47) | (41.74) | (32.00) | (28.14) | (29.76) | (39.65) | (32.24) | (24.90) | 38.79 | (26.36) | (4.99) | (25.94) | (36.61) | 201.73 | (28.01) | (28.29) | (18.78) | (21.58) | (21.86) | (33.58) |
| Investing Cash Flow | 54.95 | 26.99 | 29.12 | 49.11 | 33.80 | 4.78 | 53.37 | (82.93) | (24.38) | 26.15 | 19.04 | (3.74) | (113.26) | (40.44) | 18.79 | (10.13) | 24.23 | (181.53) | (1.32) | (3.26) |
| Financing Cash Flow | 0.35 | 0.10 | 0.19 | 0.01 | 0.34 | 0.35 | 1.40 | (0.01) | 101.37 | 0.21 | 0.69 | 0.37 | 0.44 | 19.54 | 0.36 | 0.06 | 0.01 | 0.05 | 190.76 | 116.71 |
* Derived from reported values