Financial Statements — TRUU
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accounts Receivable | 0.45 | 1.27 | 1.15 | 0.38 | 0.02 | 0.08 | 0.33 | 0.38 | 0.49 | 0.52 | 0.68 | 1.60 | 1.77 | 1.72 | 0.93 | 1.34 | 1.08 |
| Inventory | 9.07 | 10.10 | 4.25 | 3.62 | 2.63 | 2.73 | 3.20 | 3.39 | 3.78 | 3.03 | 3.33 | 5.13 | 5.63 | 4.70 | 2.31 | 1.99 | 1.59 |
| Total Current Assets | 11.99 | 14.12 | 9.84 | 5.85 | 3.00 | 3.94 | 4.82 | 4.19 | 5.80 | 4.35 | 4.93 | 8.15 | 8.79 | 8.05 | 5.67 | 6.10 | 6.48 |
| Property, Plant & Equipment | 0.17 | 0.03 | 0.02 | 0.03 | 0.04 | 0.07 | 0.09 | 0.12 | 0.19 | 0.23 | 0.27 | 0.35 | 0.33 | 0.45 | 0.45 | 0.47 | 0.50 |
| Total Non-current Assets | 0.81 | 0.73 | 0.72 | 0.13 | 0.17 | 0.28 | 0.41 | 0.54 | 0.82 | 0.95 | 1.08 | 1.33 | 0.95 | 1.16 | 1.39 | 1.52 | 1.66 |
| Total Assets | 12.79 | 14.85 | 10.56 | 5.98 | 3.17 | 4.22 | 5.23 | 4.73 | 6.62 | 5.30 | 6.01 | 9.47 | 9.74 | 9.21 | 7.05 | 7.61 | 8.14 |
| Accounts Payable | 6.87 | 8.75 | 3.74 | 2.59 | 2.68 | 2.69 | 3.02 | 2.52 | 3.36 | 2.45 | 2.21 | 3.06 | 4.04 | 3.68 | 2.01 | 2.50 | 2.19 |
| Total Current Liabilities | 7.24 | 9.27 | 6.76 | 3.64 | 5.83 | 5.33 | 5.37 | 5.64 | 5.68 | 3.56 | 4.22 | 5.27 | 6.01 | 4.82 | 5.16 | 8.81 | 29.20 |
| Long-term Debt | -- | -- | -- | -- | 3.14 | 2.57 | 2.05 | 2.78 | 2.77 | 1.51 | 1.95 | 1.45 | 1.15 | 0.15 | 0.33 | -- | -- |
| Total Non-current Liabilities* | 2.41 | 2.46 | 0.56 | 0.15 | 0.15 | 0.15 | 0.15 | 0.18 | 1.19 | 1.32 | 1.44 | 0.68 | 0.47 | 0.53 | 0.82 | 0.88 | 1.63 |
| Total Liabilities | 9.66 | 11.74 | 7.32 | 3.79 | 5.98 | 5.48 | 5.52 | 5.82 | 6.87 | 4.87 | 5.66 | 5.94 | 6.48 | 5.35 | 5.98 | 9.69 | 30.82 |
| Retained Earnings | (10.91) | (9.25) | (8.33) | (8.95) | (13.92) | (11.57) | (10.55) | (9.59) | (8.51) | (7.80) | (7.84) | (4.54) | (4.78) | (4.15) | (6.93) | (10.04) | (29.80) |
| Total Stockholder Equity | 3.14 | 3.11 | 3.24 | 2.19 | (2.81) | (1.26) | (0.30) | (1.09) | (0.25) | 0.42 | 0.36 | 3.53 | 3.26 | 3.86 | 1.07 | (2.08) | (22.68) |
* 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 | 3.80 | 4.80 | 8.98 | 7.08 | 2.54 | 2.31 | 1.78 | 1.62 | 2.04 | 3.05 | 5.54 | 2.71 | 3.97 | 4.03 | 4.53 | 6.43 | 7.40 | 8.07 | 6.48 | 5.22 |
| Cost of Revenue* | 2.68 | 3.62 | 6.28 | 5.32 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 2.34 | -- | -- | 2.99 |
| Gross Profit | 1.12 | 1.18 | 2.70 | 1.76 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.06 | -- | -- | 2.23 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.01 | 0.74 | 0.01 | 0.01 | 0.01 |
| Selling, General & Admin | 1.92 | 1.74 | 2.14 | 1.69 | 1.41 | 1.13 | 1.33 | 1.42 | 1.42 | 1.55 | 1.61 | 1.60 | 1.78 | 1.99 | 1.89 | 2.07 | 1.87 | 2.56 | 1.99 | 2.08 |
| Total Operating Expenses | 2.35 | 2.15 | (0.83) | 2.10 | 3.42 | 3.13 | 2.68 | 2.50 | 2.78 | 3.99 | 5.45 | 3.45 | 4.01 | 5.55 | 6.18 | 6.38 | 7.96 | 7.71 | 5.90 | 4.84 |
| Operating Income | (1.23) | (0.97) | (0.12) | (0.34) | (0.88) | (0.83) | (0.90) | (0.88) | (0.74) | (0.94) | 0.02 | (0.74) | 0.04 | (1.52) | (1.66) | 0.05 | (0.56) | 0.37 | 0.58 | 0.38 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.18 | 0.11 | 0.12 | 0.11 | 0.13 | 0.06 | 0.01 | 0.09 | 0.00 | 0.00 | 0.00 |
| Pretax Income | (1.66) | (1.05) | (0.20) | 0.62 | 5.39 | -- | -- | -- | -- | -- | (0.03) | (0.71) | -- | -- | (2.04) | 0.29 | -- | -- | -- | -- |
| Tax Provision | 0.00 | 0.00 | (0.15) | 0.00 | 0.43 | -- | -- | -- | -- | -- | 0.00 | 0.00 | -- | -- | (0.14) | 0.05 | -- | -- | -- | -- |
| Net Income | (1.66) | (1.05) | 0.13 | 0.62 | 4.96 | (1.22) | (1.12) | (1.02) | (0.97) | (1.04) | (0.03) | (0.71) | 0.03 | (1.39) | (1.90) | 0.24 | (0.64) | 0.71 | 2.07 | 3.11 |
| Basic EPS | (0.01) | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | (0.02) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | (0.01) | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 |
| Diluted EPS | -- | -- | 0.00 | 0.00 | 0.02 | 0.00 | (0.02) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | (0.01) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* 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 | (0.38) | (1.10) | 0.39 | (3.11) | (2.65) | (0.41) | (0.38) | (0.94) | 0.13 | (0.43) | (0.05) | (0.86) | 0.37 | (0.24) | (0.20) | (0.25) | (0.90) | (0.37) | (0.37) | (0.65) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.08 | 0.02 | 0.09 | 0.04 | 0.03 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.05) | (0.86) | 0.37 | (0.24) | (0.21) | (0.32) | (0.92) | (0.46) | (0.40) | (0.69) |
| Investing Cash Flow | 0.00 | -- | (0.02) | 1.00 | 6.50 | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | (0.08) | (0.02) | (0.08) | (0.04) | (0.03) |
| Financing Cash Flow | 0.27 | 0.43 | (0.20) | 1.81 | (2.50) | 0.31 | (0.01) | 0.46 | 0.78 | 0.24 | (0.32) | 1.26 | (0.40) | 0.37 | 0.00 | 0.30 | 1.00 | 0.00 | 0.00 | -0.00 |
* Derived from reported values