Financial Statements — UMAC
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 |
|---|
| Cash & Equivalents | 229.60 | 222.94 | 64.29 | 38.93 | 5.00 | 1.69 | 2.22 | 3.21 |
| Short-term Investments | -- | -- | 16.85 | -- | -- | -- | -- | -- |
| Accounts Receivable | 9.33 | 3.13 | 0.31 | 0.17 | 0.05 | 0.08 | -- | 0.00 |
| Inventory | 21.91 | 13.83 | 3.12 | 1.61 | 1.21 | 1.45 | 1.64 | 1.64 |
| Total Current Assets | 370.58 | 315.21 | 91.70 | 42.22 | 7.31 | 4.52 | 5.12 | 6.13 |
| Property, Plant & Equipment | 2.71 | 2.93 | 1.73 | 0.26 | 0.00 | 0.00 | 0.00 | 0.00 |
| Goodwill | 15.60 | 15.60 | 7.40 | 7.40 | 7.40 | -- | -- | -- |
| Intangible Assets | 2.45 | 2.50 | 2.16 | 2.18 | 2.21 | -- | -- | -- |
| Total Non-current Assets | 26.92 | 24.50 | 21.37 | 10.22 | 9.97 | 20.01 | 20.08 | 18.10 |
| Total Assets | 397.49 | 339.70 | 113.08 | 52.45 | 17.28 | 24.52 | 25.20 | 24.23 |
| Total Current Liabilities | 6.89 | 2.46 | 5.93 | 0.82 | 1.05 | 2.02 | 0.93 | 0.69 |
| Total Non-current Liabilities* | 2.57 | 5.61 | 1.13 | 0.32 | 0.34 | 3.28 | 4.30 | 2.31 |
| Total Liabilities | 9.45 | 8.07 | 7.06 | 1.14 | 1.39 | 5.30 | 5.23 | 3.01 |
| Retained Earnings | (52.61) | (44.82) | (44.54) | (46.14) | (39.18) | (8.80) | (6.65) | (4.44) |
| Total Stockholder Equity | 388.04 | 331.64 | 106.02 | 51.31 | 15.90 | 19.23 | 19.97 | 21.22 |
* 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 |
|---|
| Total Revenue | 16.72 | 8.10 | 4.90 | 2.13 | 2.12 | 2.04 | 2.00 | 1.53 | 1.41 | 0.62 | 0.00 |
| Cost of Revenue | 0.03 | 0.04 | 3.12 | 1.29 | 1.33 | 1.55 | 1.45 | 1.13 | 1.02 | 0.41 | 0.00 |
| Gross Profit | 5.80 | 2.65 | 1.77 | 0.84 | 0.79 | 0.50 | 0.55 | 0.40 | 0.39 | 0.20 | 0.00 |
| Research & Development | 0.43 | 0.09 | 0.09 | 0.04 | 0.06 | 0.01 | 0.05 | 0.02 | 0.01 | 0.02 | 0.00 |
| Selling, General & Admin | 10.80 | 7.23 | 8.75 | 4.73 | 7.20 | 3.23 | 2.53 | 1.37 | 1.35 | 1.00 | 0.41 |
| Total Operating Expenses | 13.64 | 9.91 | 11.51 | 5.80 | 7.99 | 3.76 | 13.43 | 1.86 | 1.96 | 1.29 | 0.42 |
| Operating Income | (7.83) | (7.26) | (9.73) | (4.96) | (7.19) | (3.27) | (12.87) | (1.46) | (1.57) | (1.09) | (0.42) |
| Interest Expense | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | 0.06 | 0.02 | -- |
| Pretax Income | -- | 10.28 | -- | -- | -- | (3.27) | -- | -- | -- | (1.11) | -- |
| Tax Provision | -- | 0.00 | -- | -- | -- | 0.00 | -- | -- | -- | 0.00 | -- |
| Net Income | (7.78) | 10.28 | (10.57) | 1.60 | (6.96) | (3.27) | (27.12) | (2.14) | (1.61) | (1.11) | (0.42) |
| Basic EPS | (0.16) | 0.22 | (0.26) | 0.05 | (0.32) | (0.21) | (3.20) | (0.30) | (0.16) | (0.18) | -- |
| Diluted EPS | (0.16) | 0.21 | (0.26) | 0.05 | (0.32) | (0.21) | (3.20) | (0.30) | (0.16) | (0.18) | (0.13) |
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 |
|---|
| Operating Cash Flow | (21.48) | (17.41) | (9.78) | (7.53) | (2.67) | (1.19) | (1.28) | (0.54) | (0.99) | (1.20) |
| Capital Expenditures | (0.19) | 0.70 | 0.51 | 1.29 | 0.26 | -- | 0.00 | 0.00 | -- | -- |
| Free Cash Flow* | (21.29) | (18.11) | (10.29) | (8.82) | (2.93) | -- | (1.28) | (0.54) | -- | -- |
| Investing Cash Flow | (30.40) | (5.38) | (24.63) | (12.19) | (0.26) | 0.00 | 0.00 | 0.00 | 0.00 | (0.85) |
| Financing Cash Flow | 58.53 | 142.46 | 73.39 | 45.08 | 36.86 | 2.44 | 3.35 | 0.00 | 0.00 | 4.36 |
* Derived from reported values
