Financial Statements — TRVI
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 | 54.30 | 19.41 | 56.87 | 117.06 | 19.37 | 16.05 | 12.96 | 13.81 | 25.97 | 13.75 | 11.65 | 66.57 | 24.70 | 29.11 | 29.32 | 36.42 | 41.57 |
| Short-term Investments | 264.57 | 152.37 | 138.06 | 86.83 | 83.88 | 49.44 | 56.53 | 59.01 | 62.90 | 80.40 | 99.61 | 59.03 | 53.16 | -- | -- | -- | -- |
| Total Current Assets | 325.71 | 176.12 | 198.30 | 207.23 | 105.62 | 67.34 | 72.13 | 76.77 | 93.95 | 99.21 | 114.20 | 127.32 | 79.89 | 29.84 | 30.71 | 38.48 | 42.16 |
| Property, Plant & Equipment | 0.34 | 0.27 | 0.21 | 0.24 | 0.28 | 0.17 | 0.20 | 0.20 | 0.24 | 0.23 | 0.25 | 0.07 | 0.03 | 0.04 | 0.07 | 0.08 | 0.09 |
| Total Non-current Assets* | 4.81 | 3.49 | 1.06 | 1.11 | 1.38 | 1.57 | 1.68 | 1.79 | 1.94 | 1.76 | 2.00 | 1.04 | 1.53 | 0.55 | 0.89 | 0.67 | 0.71 |
| Total Assets | 330.52 | 179.61 | 199.36 | 208.34 | 107.00 | 68.91 | 73.81 | 78.56 | 95.90 | 100.98 | 116.21 | 128.36 | 81.41 | 30.39 | 31.60 | 39.15 | 42.86 |
| Accounts Payable | 3.10 | 2.22 | 2.71 | 2.97 | 1.42 | 1.61 | 1.51 | 2.11 | 1.26 | 1.35 | 1.98 | 2.33 | 3.94 | 1.74 | 2.23 | 3.49 | 0.80 |
| Total Current Liabilities | 8.74 | 7.12 | 9.04 | 9.24 | 6.87 | 9.12 | 6.75 | 5.28 | 5.17 | 4.71 | 13.20 | 14.64 | 15.43 | 12.87 | 9.91 | 9.41 | 5.34 |
| Total Non-current Liabilities* | 0.28 | 0.36 | 0.53 | 0.61 | 0.68 | 0.82 | 0.88 | 0.95 | 1.11 | 1.19 | 1.27 | 3.82 | 5.47 | 7.06 | 10.30 | 12.00 | 13.84 |
| Total Liabilities | 9.01 | 7.48 | 9.57 | 9.85 | 7.55 | 9.94 | 7.64 | 6.23 | 6.29 | 5.90 | 14.47 | 18.46 | 20.90 | 19.92 | 20.22 | 21.41 | 19.18 |
| Retained Earnings | (360.79) | (343.00) | (321.49) | (309.69) | (297.38) | (275.63) | (262.39) | (250.04) | (231.31) | (223.61) | (216.47) | (204.56) | (196.30) | (188.25) | (172.40) | (165.14) | (155.35) |
| Total Stockholder Equity | 321.51 | 172.13 | 189.79 | 198.49 | 99.46 | 58.97 | 66.17 | 72.33 | 89.61 | 95.07 | 101.73 | 109.90 | 60.52 | 10.46 | 11.38 | 17.74 | 23.69 |
* 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 |
|---|
| Research & Development | 15.15 | 9.94 | 6.19 | 10.09 | 9.39 | 7.81 | 9.33 | 11.22 | 10.02 | 8.80 | 6.52 | 6.32 | 5.84 | 5.00 | 4.32 | 5.77 | 5.10 | 4.64 | 6.18 | 4.72 |
| Selling, General & Admin | 5.36 | 4.97 | 4.03 | 3.83 | 4.33 | 3.66 | 2.91 | 2.86 | 3.27 | 3.10 | 2.42 | 2.72 | 2.54 | 2.56 | 2.34 | 2.64 | 2.72 | 2.38 | 2.09 | 2.23 |
| Total Operating Expenses | 20.51 | 14.91 | 10.22 | 13.92 | 13.72 | 11.47 | 12.24 | 14.09 | 13.29 | 11.91 | 8.93 | 9.05 | 8.38 | 7.56 | 6.66 | 8.40 | 7.82 | 7.03 | 8.27 | 6.95 |
| Operating Income | (20.51) | (14.91) | (10.22) | (13.92) | (13.72) | (11.47) | (12.24) | (14.09) | (13.29) | (11.91) | (8.93) | (9.04) | (8.38) | (7.56) | (6.66) | (8.40) | (7.82) | (7.02) | (8.27) | (6.95) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.15 | 0.23 | 0.27 | 0.29 | 0.30 | 0.30 | 0.31 | 0.30 |
| Pretax Income | (17.82) | (13.21) | (8.33) | (11.82) | (12.32) | (10.35) | (11.40) | (13.27) | (12.36) | (10.91) | (7.80) | (7.71) | (7.17) | (6.41) | (5.52) | (8.27) | (8.06) | (7.33) | (8.53) | (7.25) |
| Tax Provision | (0.02) | (0.02) | (0.02) | (0.01) | (0.02) | (0.01) | 0.02 | (0.03) | (0.01) | (0.01) | 0.02 | (0.01) | (0.03) | (0.01) | (0.02) | (0.01) | -0.00 | -0.00 | (0.01) | 0.00 |
| Net Income | (17.80) | (13.19) | (8.32) | (11.80) | (12.30) | (10.34) | (11.41) | (13.24) | (12.35) | (10.90) | (7.82) | (7.70) | (7.14) | (6.40) | (5.50) | (8.27) | (8.05) | (7.33) | (8.52) | (7.25) |
| Basic EPS | (0.11) | (0.09) | (0.06) | (0.08) | (0.09) | (0.09) | (0.11) | (0.13) | (0.12) | (0.11) | (0.08) | (0.08) | (0.07) | (0.06) | (0.01) | (0.12) | (0.14) | -- | -- | -- |
| Diluted EPS | (0.11) | (0.09) | (0.06) | (0.08) | (0.09) | (0.09) | (0.11) | (0.13) | (0.12) | (0.11) | (0.08) | (0.08) | (0.07) | (0.06) | (0.01) | (0.12) | (0.14) | -- | -- | -- |
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 | (17.43) | (16.69) | (7.63) | (10.88) | (10.10) | (13.48) | (9.55) | (9.56) | (8.68) | (10.47) | (6.36) | (7.28) | (9.87) | (8.20) | (6.33) | (8.58) | (6.18) | (7.09) | (6.23) | (7.24) |
| Capital Expenditures | 0.12 | 0.10 | 0.00 | 0.01 | 0.00 | -- | 0.01 | 0.00 | 0.03 | -- | 0.02 | 0.02 | 0.04 | 0.06 | 0.12 | 0.04 | -- | -- | -- | -- |
| Free Cash Flow* | (17.55) | (16.79) | (7.63) | (10.89) | (10.10) | -- | (9.56) | (9.56) | (8.71) | -- | (6.38) | (7.30) | (9.91) | (8.25) | (6.45) | (8.62) | -- | -- | -- | -- |
| Investing Cash Flow | (112.04) | 16.97 | (30.61) | (50.94) | (2.61) | (9.95) | (23.87) | 7.67 | 2.77 | (8.09) | 12.85 | 17.98 | 19.64 | 8.96 | (48.31) | (4.85) | (54.22) | -- | -- | -- |
| Financing Cash Flow | 164.36 | 0.22 | 0.28 | 1.63 | 110.40 | 8.71 | 51.47 | 4.98 | 5.07 | (0.03) | (0.05) | 1.51 | (7.66) | (1.70) | 0.65 | 55.30 | 55.98 | (0.62) | 13.74 | 0.13 |
* Derived from reported values
