Financial Statements — VATE
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 |
|---|
| Cash & Equivalents | 0.09 | 0.13 | 0.04 | 0.03 | 0.03 | 0.05 | 0.08 | 0.04 | 0.06 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 | 0.06 | 0.02 |
| Accounts Receivable | 0.28 | 0.19 | 0.27 | 0.24 | 0.16 | 0.19 | 0.18 | 0.27 | 0.29 | 0.29 | 0.25 | 0.33 | 0.27 | 0.27 | 0.43 | 0.36 |
| Inventory | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | -- |
| Total Current Assets | 0.48 | 0.41 | 0.42 | 0.40 | 0.37 | 0.40 | 0.39 | 0.43 | 0.55 | 0.53 | 0.49 | 0.54 | 0.48 | 0.48 | 0.59 | 6.29 |
| Property, Plant & Equipment | 0.14 | 0.15 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.15 | 0.16 | 0.16 | 0.16 | 0.17 | 0.16 | 0.17 | 0.17 | 0.17 |
| Goodwill | 0.11 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.12 | 0.12 |
| Intangible Assets | 0.04 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.08 | 0.08 | 0.09 | 0.09 | 0.10 | 0.11 | 0.11 |
| Total Non-current Assets* | 0.53 | 0.53 | 0.49 | 0.49 | 0.50 | 0.50 | 0.50 | 0.51 | 0.54 | 0.55 | 0.56 | 0.62 | 0.62 | 0.64 | 0.63 | 0.65 |
| Total Assets | 1.01 | 0.94 | 0.91 | 0.89 | 0.87 | 0.90 | 0.90 | 0.94 | 1.10 | 1.08 | 1.04 | 1.17 | 1.11 | 1.11 | 1.22 | 6.94 |
| Total Current Liabilities | 1.08 | 1.02 | 0.97 | 0.87 | 0.85 | 0.47 | 0.29 | 0.35 | 0.56 | 0.62 | 0.37 | 0.50 | 0.46 | 0.44 | 0.53 | 5.73 |
| Long-term Debt | 0.06 | 0.07 | 0.10 | 0.16 | 0.14 | 0.50 | 0.64 | 0.64 | 0.59 | 0.52 | 0.66 | 0.63 | 0.59 | 0.60 | 0.60 | 0.88 |
| Total Non-current Liabilities* | 0.14 | 0.15 | 0.15 | 0.21 | 0.19 | 0.55 | 0.72 | 0.73 | 0.67 | 0.58 | 0.78 | 0.70 | 0.66 | 0.67 | 0.67 | 0.68 |
| Total Liabilities | 1.23 | 1.17 | 1.12 | 1.08 | 1.04 | 1.02 | 1.01 | 1.08 | 1.22 | 1.20 | 1.15 | 1.19 | 1.13 | 1.12 | 1.21 | 6.42 |
| Retained Earnings | (0.59) | (0.60) | (0.58) | (0.57) | (0.55) | (0.51) | (0.49) | (0.50) | (0.48) | (0.47) | (0.46) | (0.45) | (0.44) | (0.43) | (0.41) | (0.20) |
| Total Stockholder Equity | (0.24) | (0.26) | (0.23) | (0.22) | (0.20) | (0.16) | (0.15) | (0.18) | (0.16) | (0.15) | (0.14) | (0.12) | (0.11) | (0.10) | (0.08) | 0.49 |
* 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 | 421.60 | 364.80 | 382.70 | 347.10 | 242.00 | 274.20 | 236.60 | 242.20 | 313.10 | 315.20 | 361.00 | 375.30 | 368.80 | 317.90 | 409.30 | 423.00 | 392.20 | 412.80 | 394.80 | 394.80 |
| Cost of Revenue | 342.10 | 311.30 | 323.80 | 297.40 | 196.40 | 228.70 | 190.20 | 194.00 | 247.50 | 266.60 | 299.90 | 316.60 | 316.20 | 274.30 | 346.40 | 364.60 | 341.90 | 363.00 | 333.10 | 339.70 |
| Gross Profit | 79.50 | 53.50 | 58.90 | 49.70 | 45.60 | 45.50 | 46.40 | 48.20 | 65.60 | 48.60 | 61.10 | 58.70 | 52.60 | 43.60 | 62.90 | 58.40 | 50.30 | 49.80 | 61.70 | 55.10 |
| Selling, General & Admin | 41.50 | 39.40 | 40.60 | 39.60 | 35.10 | 37.80 | 40.40 | 37.40 | 42.90 | 39.50 | 41.40 | 43.80 | 41.10 | 41.70 | 49.80 | 45.60 | 42.10 | 42.60 | 47.40 | 44.30 |
| Total Operating Expenses | 45.00 | 43.50 | 44.60 | 43.60 | 40.70 | 42.10 | 43.90 | 42.30 | 36.80 | 45.80 | 47.10 | 142.40 | 46.80 | 47.60 | 56.40 | 51.80 | 50.70 | 49.10 | 54.80 | 54.00 |
| Operating Income | 34.50 | 10.00 | 14.30 | 6.10 | 4.90 | 3.40 | 2.50 | 5.90 | 28.80 | 2.80 | 14.00 | 10.70 | 5.80 | (4.00) | 6.50 | 6.60 | (0.40) | 0.70 | 6.90 | 1.10 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 17.20 | 19.20 | 17.10 | 16.30 | 15.60 | 13.60 | 13.30 | 12.50 | 12.60 | 12.50 | 12.80 |
| Pretax Income | 25.50 | (14.20) | (9.30) | (16.70) | (16.80) | (18.70) | (14.90) | (13.10) | 11.40 | (16.80) | (9.30) | (7.50) | (10.50) | (7.10) | (8.00) | (8.70) | (11.90) | (12.50) | (3.70) | (14.10) |
| Tax Provision | 13.10 | 2.90 | (1.70) | (7.10) | 4.20 | 7.10 | 2.40 | 3.10 | (2.50) | 3.30 | 1.30 | 1.10 | 1.20 | 0.90 | (0.70) | (2.00) | 2.00 | 1.60 | 1.80 | 0.10 |
| Net Income | 10.70 | (16.80) | (7.40) | (8.90) | (19.80) | (24.50) | (16.60) | (15.00) | 14.40 | (17.40) | (9.30) | (7.00) | (9.90) | (9.00) | (5.70) | (5.40) | (12.40) | (12.40) | (4.70) | (211.90) |
| Basic EPS | 0.74 | (1.29) | (0.57) | (0.71) | (1.67) | (1.89) | (1.79) | (1.18) | 0.11 | (0.22) | (0.13) | (0.09) | (0.13) | (0.13) | (0.08) | (0.09) | (0.18) | (0.18) | (0.06) | (2.75) |
| Diluted EPS | 0.71 | (1.29) | (0.57) | (0.71) | (1.67) | (1.89) | (1.78) | (1.18) | 0.10 | (0.22) | (0.13) | (0.09) | (0.13) | (0.13) | (0.08) | (0.09) | (0.18) | (0.18) | (0.06) | (2.75) |
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 | (24.60) | 45.50 | 101.10 | 19.20 | 40.40 | (14.10) | 41.40 | (28.40) | 21.50 | (25.40) | 61.20 | 26.10 | 16.20 | (77.00) | 62.70 | (29.50) | 20.70 | (63.40) | 41.60 | (14.20) |
| Capital Expenditures | 0.10 | 0.20 | 0.00 | 0.20 | 0.30 | 4.70 | 7.20 | 3.10 | 3.10 | 5.60 | 4.50 | 5.70 | 4.50 | 3.70 | 4.40 | 7.50 | 4.20 | 4.60 | 9.10 | 7.00 |
| Free Cash Flow* | (24.70) | 45.30 | 101.10 | 19.00 | 40.10 | (18.80) | 34.20 | (31.50) | 18.40 | (31.00) | 56.70 | 20.40 | 11.70 | (80.70) | 58.30 | (37.00) | 16.50 | (68.00) | 32.50 | (21.20) |
| Investing Cash Flow | (11.00) | (9.60) | (7.50) | (4.90) | (6.30) | (3.90) | (9.90) | (3.30) | 2.60 | (3.30) | (2.10) | (5.50) | (4.50) | 51.20 | (4.20) | (6.80) | (4.10) | (7.40) | (8.30) | (183.70) |
| Financing Cash Flow | (9.10) | (13.50) | (17.10) | (11.90) | (34.60) | 2.40 | (32.90) | 1.80 | 17.50 | (12.90) | (34.70) | 6.70 | 0.70 | (38.00) | (5.10) | 38.40 | (16.40) | 51.20 | (50.30) | (11.40) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q4
2013 | Q3
2013 | Q2
2013 | Q4
2012 | Q3
2012 |
|---|
| Dividends Per Share | (0.04) | 8.56 | 1.02 | 3.09 | 0.00 |
