Financial Statements — TSHA
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 | 455.41 | 276.58 | 297.34 | 312.76 | 116.59 | 157.69 | 172.74 | 123.98 | 164.28 | 45.08 | 63.43 | 34.31 | 66.24 | 96.63 | 188.79 | 197.37 | 228.68 |
| Total Current Assets | 461.43 | 282.25 | 299.95 | 316.26 | 120.71 | 161.56 | 178.47 | 130.60 | 171.81 | 54.12 | 72.36 | 43.00 | 76.83 | 106.89 | 197.17 | 207.30 | 239.63 |
| Property, Plant & Equipment | 2.41 | 6.45 | 6.81 | 6.96 | 7.24 | 7.61 | 10.51 | 10.69 | 11.17 | 14.14 | 14.64 | 63.95 | 61.01 | 55.12 | 40.55 | 33.87 | 2.50 |
| Total Non-current Assets* | 9.00 | 18.10 | 16.60 | 17.07 | 17.65 | 18.66 | 21.92 | 22.40 | 23.96 | 27.43 | 29.24 | 68.47 | 65.50 | 59.09 | 43.87 | 34.56 | 3.20 |
| Total Assets | 470.43 | 300.35 | 316.55 | 333.33 | 138.36 | 180.22 | 200.39 | 153.00 | 195.77 | 81.54 | 101.60 | 111.47 | 142.33 | 165.98 | 241.04 | 241.86 | 242.83 |
| Accounts Payable | 9.16 | 4.56 | 5.44 | 7.71 | 4.33 | 4.93 | 8.72 | 10.38 | 7.52 | 10.77 | 9.00 | 15.25 | 23.97 | 22.00 | 22.05 | 6.36 | 4.08 |
| Total Current Liabilities | 25.98 | 20.10 | 28.63 | 25.35 | 22.56 | 29.34 | 34.18 | 38.64 | 180.45 | 50.64 | 54.46 | 33.14 | 42.95 | 48.62 | 43.21 | 28.39 | 18.96 |
| Long-term Debt | 49.26 | 48.96 | 50.85 | 41.05 | 42.45 | 42.97 | 37.84 | 40.51 | 38.55 | 38.35 | 38.16 | 37.77 | 37.58 | 37.39 | 27.81 | -- | -- |
| Total Non-current Liabilities* | 57.19 | 68.31 | 68.93 | 59.26 | 60.75 | 62.09 | 57.35 | 60.51 | 64.43 | 68.02 | 62.09 | 67.20 | 66.67 | 66.63 | 57.43 | 26.97 | 1.00 |
| Total Liabilities | 83.17 | 88.41 | 97.57 | 84.60 | 83.30 | 91.42 | 91.53 | 99.15 | 244.88 | 118.66 | 116.55 | 100.34 | 109.62 | 115.25 | 100.65 | 55.37 | 19.96 |
| Retained Earnings | (800.35) | (753.71) | (683.45) | (650.72) | (623.83) | (583.52) | (558.00) | (537.07) | (560.75) | (443.66) | (419.06) | (345.94) | (319.63) | (285.76) | (185.26) | (134.08) | (93.15) |
| Total Stockholder Equity | 387.27 | 211.94 | 218.99 | 248.73 | 55.06 | 88.80 | 108.87 | 53.85 | (49.11) | (37.11) | (14.95) | 11.13 | 32.71 | 50.73 | 140.39 | 186.50 | 222.87 |
* 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 | 5.49 | 0.00 | 1.99 | 2.30 | 2.02 | 1.79 | 1.11 | 3.41 | 3.60 | 4.75 | 2.40 | 4.71 | -- | -- | -- | -- | -- | -- |
| Research & Development | 38.64 | 33.81 | 24.95 | 25.75 | 20.14 | 15.57 | 15.33 | 14.95 | 15.07 | 20.66 | 12.68 | 11.79 | 19.79 | 12.51 | 13.86 | 16.39 | 23.12 | 37.80 | 37.92 | 39.53 |
| Selling, General & Admin | 12.15 | 9.68 | 8.83 | 8.28 | 8.60 | 8.16 | 6.63 | 7.90 | 7.34 | 7.08 | 6.72 | 8.59 | 5.99 | 8.75 | 7.34 | 8.68 | 9.87 | 11.47 | 11.81 | 11.15 |
| Total Operating Expenses | 47.35 | 43.49 | 33.78 | 34.02 | 28.74 | 23.72 | 21.95 | 27.69 | 22.41 | 27.74 | 19.85 | 21.00 | 25.78 | 21.27 | 57.62 | 25.07 | 32.99 | 49.27 | 49.72 | 50.68 |
| Operating Income | (47.35) | (43.49) | (28.30) | (34.02) | (26.75) | (21.42) | (19.93) | (25.90) | (21.30) | (24.33) | (16.25) | (16.25) | (23.38) | (16.56) | (55.12) | (25.07) | (32.98) | (49.27) | (49.72) | (50.68) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.03 | 0.03 | 0.71 | 1.47 | 1.44 | 1.37 | 0.80 | 1.24 | 0.91 | 0.85 | 0.69 | 0.54 |
| Pretax Income* | (46.64) | (42.41) | (27.85) | (32.73) | (26.88) | (21.53) | (18.78) | (25.52) | (20.93) | (24.06) | 47.74 | (117.09) | (24.60) | (17.62) | (55.72) | (26.31) | (33.87) | (50.11) | -- | (51.19) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | 0.00 |
| Net Income | (46.64) | (42.41) | (27.85) | (32.73) | (26.88) | (21.53) | (18.78) | (25.52) | (20.93) | (24.06) | 47.74 | (117.09) | (24.60) | (17.62) | (55.72) | (26.31) | (33.87) | (50.11) | (50.39) | (51.19) |
| Basic EPS | (0.13) | (0.12) | (0.08) | (0.09) | (0.09) | (0.08) | (0.07) | (0.10) | (0.09) | (0.10) | 0.63 | (0.93) | (0.38) | (0.28) | (1.01) | (0.64) | (0.84) | -- | -- | -- |
| Diluted EPS | (0.13) | (0.12) | (0.08) | (0.09) | (0.09) | (0.08) | (0.07) | (0.10) | (0.09) | (0.10) | 0.63 | (0.93) | (0.38) | (0.28) | (1.01) | (0.64) | (0.84) | -- | -- | -- |
* 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 | (40.42) | (40.88) | (26.72) | (24.17) | (20.18) | (22.02) | (18.31) | (21.61) | (21.50) | (19.80) | (16.12) | (17.95) | (18.77) | (20.18) | 14.28 | (28.65) | (33.21) | (40.80) | (40.26) | (31.93) |
| Capital Expenditures | -0.00 | 0.02 | 0.25 | 0.11 | 0.38 | -- | -0.00 | 0.04 | 0.20 | 0.14 | 0.02 | 0.00 | (0.05) | 3.90 | 2.31 | 2.02 | 7.86 | 8.43 | 8.27 | 3.50 |
| Free Cash Flow* | (40.42) | (40.90) | (26.97) | (24.27) | (20.56) | -- | (18.31) | (21.65) | (21.70) | (19.94) | (16.13) | (17.95) | (18.72) | (24.08) | 11.97 | (30.67) | (41.07) | (49.23) | (48.53) | (35.43) |
| Investing Cash Flow | 0.00 | (3.02) | (0.25) | (0.05) | 0.06 | (0.37) | 0.01 | (0.04) | (0.20) | (0.14) | (0.01) | (3.49) | 0.05 | (3.90) | (2.37) | (3.02) | (8.11) | (11.43) | (8.52) | (4.00) |
| Financing Cash Flow | 216.66 | 0.71 | 49.56 | 8.80 | 216.29 | (0.05) | (0.36) | 6.60 | 70.47 | (0.02) | (4.25) | 140.63 | 0.38 | (0.37) | 41.67 | (0.26) | 10.93 | (0.24) | 9.11 | 29.98 |
* Derived from reported values