Financial Statements — UP
Balance Sheet
(in billions 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 | 0.09 | 0.05 | 0.13 | 0.11 | 0.17 | 0.12 | 0.14 | 0.18 | 0.24 | 0.15 | 0.36 | 0.29 | 0.43 | 0.54 | 0.54 | 0.00 | 0.00 |
| Accounts Receivable | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.05 | 0.09 | 0.11 | 0.13 | 0.11 | 0.08 | 0.07 | -- | -- |
| Inventory | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.04 | 0.02 | 0.01 | 0.01 | 0.01 | -- | -- |
| Total Current Assets | 0.22 | 0.16 | 0.25 | 0.23 | 0.30 | 0.27 | 0.29 | 0.33 | 0.41 | 0.35 | 0.60 | 0.55 | 0.69 | 0.73 | 0.66 | 0.00 | 0.00 |
| Property, Plant & Equipment | 0.22 | 0.26 | 0.31 | 0.32 | 0.33 | 0.27 | 0.29 | 0.32 | 0.36 | 0.40 | 0.40 | 0.39 | 0.39 | 0.38 | 0.31 | -- | -- |
| Goodwill | 0.21 | 0.21 | 0.21 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.21 | 0.28 | 0.35 | 0.46 | 0.53 | 0.45 | 0.44 | -- | -- |
| Intangible Assets | 0.07 | 0.07 | 0.08 | 0.09 | 0.09 | 0.10 | 0.11 | 0.11 | 0.12 | 0.13 | 0.14 | 0.15 | 0.15 | 0.14 | 0.15 | -- | -- |
| Total Non-current Assets* | 0.70 | 0.75 | 0.72 | 0.77 | 0.79 | 0.77 | 0.80 | 0.85 | 0.92 | 1.04 | 1.11 | 1.20 | 1.28 | 1.15 | 1.02 | 0.24 | 0.24 |
| Total Assets | 0.93 | 0.92 | 0.97 | 1.01 | 1.09 | 1.04 | 1.09 | 1.18 | 1.33 | 1.39 | 1.71 | 1.75 | 1.97 | 1.88 | 1.68 | 0.24 | 0.24 |
| Accounts Payable | 0.03 | 0.02 | 0.03 | 0.04 | 0.04 | 0.03 | 0.04 | 0.05 | 0.03 | 0.05 | 0.04 | 0.05 | 0.06 | 0.05 | 0.04 | -- | -- |
| Total Current Liabilities | 0.79 | 0.85 | 0.89 | 0.90 | 0.93 | 0.89 | 0.87 | 0.88 | 0.87 | 1.07 | 1.23 | 1.19 | 1.27 | 1.10 | 0.76 | 0.00 | 0.00 |
| Long-term Debt | 0.92 | 0.75 | 0.77 | 0.77 | 0.77 | 0.60 | 0.60 | 0.60 | 0.58 | 0.25 | 0.26 | -- | -- | -- | 0.00 | -- | -- |
| Total Non-current Liabilities* | 0.70 | 0.53 | 0.46 | 0.45 | 0.45 | 0.27 | 0.28 | 0.29 | 0.31 | 0.30 | 0.32 | 0.11 | 0.11 | 0.12 | 0.12 | 0.03 | 0.03 |
| Total Liabilities | 1.49 | 1.38 | 1.35 | 1.35 | 1.37 | 1.16 | 1.16 | 1.17 | 1.18 | 1.37 | 1.55 | 1.30 | 1.39 | 1.22 | 0.88 | 0.04 | 0.03 |
| Retained Earnings | (2.59) | (2.48) | (2.37) | (2.28) | (2.20) | (2.02) | (1.96) | (1.86) | (1.68) | (1.54) | (1.38) | (1.05) | (0.90) | (0.81) | (0.68) | (0.04) | (0.03) |
| Total Stockholder Equity | (0.56) | (0.47) | (0.37) | (0.35) | (0.29) | (0.12) | (0.07) | 0.00 | 0.15 | 0.01 | 0.16 | 0.45 | 0.58 | 0.66 | 0.78 | (0.04) | (0.03) |
* 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 | 182.00 | 168.92 | 183.84 | 185.49 | 189.64 | 177.53 | 204.82 | 193.90 | 196.29 | 197.10 | 246.38 | 320.06 | 335.06 | 351.81 | 408.26 | 420.36 | 425.51 | 325.64 | 209.77 | 301.98 |
| Cost of Revenue | 160.31 | 159.20 | 157.50 | 172.88 | 173.96 | 158.42 | 176.27 | 166.86 | 191.69 | 198.26 | 250.93 | 299.89 | 327.90 | 353.79 | 395.63 | 403.04 | 408.90 | 332.76 | 188.14 | 283.50 |
| Gross Profit | 21.69 | 9.73 | 26.34 | 12.61 | 15.68 | 19.11 | 28.55 | 27.04 | 4.60 | (1.16) | (4.54) | 20.18 | 7.16 | (1.98) | 12.63 | 17.31 | 16.61 | (7.12) | 0.60 | 18.48 |
| Research & Development | 8.84 | 8.74 | 8.71 | 10.17 | 9.36 | 10.52 | 9.49 | 9.59 | 10.53 | 11.08 | 11.61 | 19.96 | 14.43 | 15.87 | 14.80 | 16.64 | 14.61 | 11.19 | 5.67 | 8.77 |
| Selling, General & Admin | 31.67 | 26.84 | 26.27 | 31.98 | 30.23 | 56.82 | 38.35 | 27.06 | 35.95 | 36.24 | 23.54 | 42.85 | 40.07 | 39.42 | 53.33 | 44.32 | 46.97 | 38.90 | 26.15 | 42.49 |
| Total Operating Expenses | 96.08 | 67.08 | 28.05 | 73.94 | 75.28 | 99.87 | 83.63 | 68.97 | 83.79 | 81.43 | 60.37 | 149.18 | 160.15 | 94.67 | 234.13 | 168.98 | 110.74 | 85.60 | 82.84 | 87.06 |
| Operating Income | (74.39) | (57.36) | (1.71) | (61.34) | (59.60) | (80.77) | (55.08) | (41.93) | (79.19) | (82.58) | (64.92) | (129.00) | (152.99) | (96.65) | (221.50) | (151.66) | (94.12) | (92.72) | (29.30) | (68.57) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 16.67 | 14.56 | 14.22 | 11.26 | 7.66 | 8.12 | 7.52 | 0.00 | 0.00 | 0.00 | 4.86 | 0.78 |
| Pretax Income | (107.37) | (82.45) | (27.74) | (82.40) | (81.34) | (99.23) | (87.04) | (57.33) | (96.53) | (97.51) | (80.48) | (144.23) | (160.61) | (100.68) | (225.24) | (148.65) | (92.44) | (89.04) | (34.11) | (59.45) |
| Tax Provision | (0.12) | 0.51 | 1.13 | 1.33 | 0.96 | 0.08 | 0.49 | 0.41 | 0.44 | (0.11) | 0.63 | 0.58 | (0.02) | 0.19 | (0.33) | 0.19 | 0.32 | 0.00 | 0.06 | 0.00 |
| Net Income | (107.25) | (82.96) | (28.87) | (83.73) | (82.30) | (99.31) | (87.54) | (57.73) | (96.97) | (97.39) | (81.11) | (144.81) | (160.59) | (100.87) | (224.91) | (148.84) | (92.76) | (88.65) | (31.29) | (58.48) |
| Basic EPS | (2.97) | (2.29) | (0.04) | (0.12) | (0.12) | (0.14) | (0.13) | (0.08) | (0.14) | (0.14) | 6.50 | (3.51) | (6.28) | (0.40) | (1.16) | (0.61) | (0.38) | (0.36) | (0.33) | (0.25) |
| Diluted EPS | (2.97) | (2.29) | (0.04) | (0.12) | (0.12) | (0.14) | (0.13) | (0.08) | (0.14) | (0.14) | 6.50 | (3.51) | (6.28) | (0.40) | (1.16) | (0.61) | (0.38) | (0.36) | (0.33) | (0.25) |
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 | (91.63) | (99.63) | (18.37) | (37.12) | (62.88) | (47.92) | 37.93 | (15.03) | (26.99) | (73.79) | (3.79) | (249.82) | (209.19) | (202.48) | 57.65 | (148.17) | (18.96) | (121.22) | 278.91 | (151.47) |
| Capital Expenditures | 52.85 | 62.36 | 39.89 | 23.28 | 15.76 | 14.70 | 108.10 | 5.08 | 5.61 | 4.02 | 7.86 | 0.11 | 3.45 | 8.75 | 3.52 | 3.58 | 10.12 | 66.34 | 8.55 | 6.68 |
| Free Cash Flow* | (144.48) | (161.99) | (58.26) | (60.40) | (78.64) | (62.63) | (70.17) | (20.11) | (32.60) | (77.82) | (11.65) | (249.93) | (212.64) | (211.23) | 54.13 | (151.74) | (29.08) | (187.56) | 270.36 | (158.16) |
| Investing Cash Flow | (27.86) | (38.66) | 136.98 | 23.47 | 3.80 | 16.11 | (72.74) | 1.97 | 4.49 | 19.60 | 4.25 | 37.53 | 10.12 | (11.03) | (3.52) | 9.37 | (61.54) | (119.55) | (30.24) | (8.43) |
| Financing Cash Flow | 150.34 | 63.42 | (109.89) | 28.94 | (8.87) | (8.69) | 131.62 | (11.56) | (17.08) | (24.31) | 17.78 | 301.85 | (11.93) | (6.75) | 252.13 | (0.66) | (0.58) | (6.11) | 0.63 | 373.15 |
* Derived from reported values
