Financial Statements — URGN
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 | 79.13 | 109.97 | 90.04 | 92.90 | 104.03 | 124.92 | 219.97 | 131.44 | 119.31 | 20.13 | 36.54 | 28.69 | 80.69 | 105.38 | 55.34 | 63.32 | 40.49 |
| Short-term Investments | 30.16 | 39.74 | 63.79 | 83.11 | 112.03 | 153.93 | 52.28 | 51.72 | 55.30 | 35.89 | 39.38 | -- | -- | -- | -- | -- | -- |
| Accounts Receivable | 88.76 | 55.41 | 19.70 | 19.65 | 19.64 | 22.80 | 17.42 | 14.16 | 12.85 | 15.51 | 12.49 | 9.43 | 11.60 | 9.50 | 7.78 | 9.51 | 6.30 |
| Inventory | 24.59 | 20.92 | 8.34 | 7.13 | 7.59 | 7.59 | 7.44 | 7.24 | 5.00 | 4.99 | 5.47 | 4.86 | 5.05 | 4.76 | 3.81 | 3.42 | 3.33 |
| Total Current Assets | 235.43 | 237.46 | 168.55 | 196.87 | 237.18 | 295.10 | 278.97 | 196.76 | 182.12 | 81.33 | 95.97 | 121.59 | 139.62 | 160.52 | 125.14 | 140.50 | 93.08 |
| Property, Plant & Equipment | 0.60 | 0.62 | 0.70 | 0.69 | 0.63 | 0.61 | 0.58 | 0.57 | 0.82 | 0.91 | 1.10 | 1.52 | 1.61 | 1.78 | 1.98 | 2.00 | 2.14 |
| Total Non-current Assets* | 17.16 | 16.23 | 16.50 | 11.85 | 10.44 | 6.85 | 2.88 | 3.81 | 11.51 | 14.03 | 16.98 | 6.88 | 6.52 | 5.19 | 9.46 | 13.27 | 4.33 |
| Total Assets | 252.59 | 253.69 | 185.05 | 208.72 | 247.62 | 301.94 | 281.85 | 200.57 | 193.63 | 95.36 | 112.95 | 128.47 | 146.14 | 165.72 | 134.60 | 153.77 | 97.41 |
| Accounts Payable | 39.95 | 35.35 | 26.17 | 30.96 | 30.32 | 19.68 | 23.75 | 18.16 | 14.08 | 16.40 | 17.13 | 9.36 | 8.65 | 9.94 | 11.06 | 10.34 | 10.56 |
| Total Current Liabilities | 61.92 | 50.64 | 42.24 | 47.55 | 42.00 | 32.79 | 34.22 | 26.34 | 25.79 | 26.77 | 25.23 | 19.00 | 18.04 | 19.09 | 19.81 | 19.06 | 17.01 |
| Long-term Debt | 200.00 | 200.00 | 122.11 | 122.51 | 122.11 | 121.71 | 97.81 | 97.59 | 98.52 | 98.30 | 97.94 | 71.87 | 71.20 | 70.80 | -- | -- | -- |
| Total Non-current Liabilities* | 323.07 | 327.31 | 258.21 | 254.55 | 252.08 | 243.64 | 217.31 | 214.37 | 209.84 | 207.03 | 204.27 | 172.76 | 169.01 | 163.70 | 83.26 | 78.44 | 3.92 |
| Total Liabilities | 384.99 | 377.94 | 300.45 | 302.09 | 294.08 | 276.43 | 251.54 | 240.71 | 235.63 | 233.80 | 229.51 | 191.76 | 187.05 | 182.79 | 103.07 | 97.50 | 20.92 |
| Retained Earnings | (997.64) | (983.29) | (933.35) | (900.00) | (850.06) | (768.71) | (745.04) | (711.63) | (653.33) | (631.45) | (607.32) | (548.23) | (522.40) | (495.71) | (438.87) | (408.66) | (382.44) |
| Total Stockholder Equity | (132.40) | (124.25) | (115.41) | (93.38) | (46.46) | 25.52 | 30.31 | (40.13) | (41.99) | (138.43) | (116.55) | (63.29) | (40.91) | (17.07) | 31.54 | 56.27 | 76.49 |
* 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 | 72.46 | 50.96 | 37.84 | 27.48 | 24.22 | 20.25 | 24.57 | 25.20 | 21.85 | 18.78 | 23.53 | 20.85 | 21.14 | 17.19 | 18.09 | 16.10 | 16.60 | 13.56 | 16.17 | 11.35 |
| Cost of Revenue | 6.57 | 4.14 | 3.29 | 3.28 | 3.55 | 2.33 | 2.47 | 2.45 | 2.23 | 1.73 | 2.29 | 2.37 | 2.44 | 2.27 | 2.26 | 2.02 | 1.85 | 1.53 | 1.59 | 1.24 |
| Gross Profit | 65.88 | 46.82 | 34.55 | 24.20 | 20.67 | 17.92 | 22.09 | 22.75 | 19.62 | 17.05 | 21.24 | 18.49 | 18.70 | 14.93 | 15.83 | 14.08 | 14.76 | 12.04 | 14.59 | 10.11 |
| Research & Development | 17.34 | 15.60 | 14.31 | 14.01 | 18.91 | 19.87 | 14.89 | 11.36 | 15.40 | 15.49 | 11.30 | 10.23 | 11.58 | 12.50 | 14.48 | 13.09 | 12.64 | 12.70 | 13.08 | 11.92 |
| Selling, General & Admin | 48.44 | 51.49 | 39.35 | 37.58 | 43.20 | 34.97 | 34.86 | 28.94 | 30.06 | 27.30 | 24.55 | 21.76 | 22.49 | 24.47 | 21.63 | 19.07 | 20.83 | 21.30 | 21.42 | 21.62 |
| Total Operating Expenses | 65.77 | 67.08 | 53.66 | 51.59 | 62.11 | 54.84 | 49.75 | 40.30 | 45.46 | 42.79 | 35.85 | 31.99 | 34.08 | 36.97 | 36.11 | 32.16 | 33.47 | 34.00 | 34.50 | 33.55 |
| Operating Income | 0.11 | (20.26) | (19.11) | (27.39) | (41.45) | (36.91) | (27.66) | (17.55) | (25.84) | (25.74) | (14.61) | (13.50) | (15.38) | (22.04) | (20.28) | (18.09) | (18.71) | (21.96) | (19.91) | (23.44) |
| Pretax Income | (8.72) | (28.35) | (26.64) | (34.40) | (48.92) | (43.45) | (34.86) | (23.58) | (33.36) | (32.23) | (22.16) | (21.89) | (24.08) | (30.19) | (28.18) | (25.12) | (26.66) | (28.07) | (27.31) | (30.21) |
| Tax Provision | 5.63 | (4.77) | (0.28) | (1.05) | 1.01 | 0.39 | 2.65 | 0.09 | 0.04 | 0.05 | 3.85 | (0.01) | 0.05 | 0.02 | 0.69 | 0.71 | 0.03 | 0.33 | 1.14 | 0.00 |
| Net Income | (14.35) | (23.57) | (26.36) | (33.35) | (49.94) | (43.84) | (37.51) | (23.67) | (33.40) | (32.29) | (26.02) | (21.88) | (24.14) | (30.21) | (28.87) | (25.83) | (26.69) | (28.39) | (28.45) | (30.21) |
| Basic EPS | (0.28) | (0.47) | (0.53) | (0.69) | (1.05) | (0.92) | (0.53) | (0.55) | (0.91) | (0.97) | (0.54) | (0.68) | (1.03) | (1.30) | (1.25) | (1.13) | (1.18) | (1.25) | -- | -- |
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 | (33.01) | (45.32) | (38.33) | (42.27) | (39.83) | (42.02) | (13.62) | (27.66) | (23.75) | (31.73) | (13.00) | (17.30) | (20.27) | (25.81) | (21.75) | (17.61) | (24.20) | (24.00) | (20.07) | (18.48) |
| Capital Expenditures | 0.06 | 0.05 | 0.02 | 0.09 | 0.14 | 0.04 | 0.12 | 0.10 | 0.08 | 0.00 | 0.06 | 0.10 | 0.02 | 0.02 | 0.01 | 0.15 | 0.06 | 0.03 | 0.20 | 0.19 |
| Free Cash Flow* | (33.07) | (45.37) | (38.34) | (42.36) | (39.97) | (42.07) | (13.73) | (27.76) | (23.83) | (31.73) | (13.05) | (17.40) | (20.29) | (25.83) | (21.76) | (17.76) | (24.26) | (24.02) | (20.27) | (18.67) |
| Investing Cash Flow | 1.67 | (20.69) | 27.72 | 31.40 | 28.41 | (25.96) | 60.62 | (106.75) | 12.00 | 13.52 | (11.34) | 0.40 | 3.72 | 6.27 | 23.11 | (35.49) | (0.15) | 13.60 | 9.13 | 10.66 |
| Financing Cash Flow | 0.50 | 65.20 | 31.32 | 8.27 | 0.30 | 0.03 | 0.07 | 39.61 | 100.29 | 54.66 | 0.04 | 116.08 | 0.14 | 0.67 | 25.37 | 1.10 | (0.08) | 70.74 | (0.03) | (0.17) |
* Derived from reported values
