Financial Statements — VBIX
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 | 2.44 | 1.79 | 2.17 | 1.99 | 0.18 | 1.41 | 0.61 | 1.28 | 2.55 | 3.30 | 1.77 | 3.61 | 0.03 | 0.06 | 0.10 | 0.13 | 0.13 |
| Accounts Receivable | 0.28 | 0.36 | 1.33 | 1.05 | 1.04 | 6.09 | 6.07 | 7.00 | 11.49 | 18.42 | 15.56 | 16.40 | 0.01 | 0.01 | 0.04 | 0.04 | 0.02 |
| Total Current Assets | 3.50 | 2.89 | 4.10 | 4.14 | 6.51 | 12.89 | 11.36 | 12.81 | 18.75 | 26.28 | 21.97 | 28.14 | 0.07 | 0.12 | 0.18 | 0.19 | 0.20 |
| Property, Plant & Equipment | 0.21 | 0.04 | 0.08 | 0.11 | 0.13 | 0.04 | 0.04 | 0.23 | 0.26 | 0.27 | 0.28 | 0.32 | -- | -- | -- | -- | -- |
| Goodwill | 20.72 | 20.72 | 6.21 | 6.55 | 9.70 | 7.52 | 7.52 | 12.25 | 17.36 | 17.36 | 17.36 | 17.61 | -- | -- | -- | -- | -- |
| Intangible Assets | 26.18 | 27.12 | 23.07 | 25.44 | 28.59 | 25.22 | 25.22 | 29.96 | 13.17 | 13.89 | 14.60 | 15.76 | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 27.67 | 24.81 | 12.78 | 15.96 | 19.90 | 17.91 | 18.65 | 24.72 | 31.40 | 32.17 | 33.02 | 34.33 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 31.17 | 27.71 | 16.88 | 20.10 | 26.41 | 30.80 | 30.01 | 37.52 | 50.15 | 58.45 | 54.99 | 62.47 | 0.07 | 0.12 | 0.18 | 0.19 | 0.20 |
| Accounts Payable | 1.15 | 1.11 | 4.74 | 5.53 | 4.96 | 9.97 | 8.80 | 8.41 | 11.74 | 17.35 | 14.06 | 16.14 | -- | -- | -- | -- | -- |
| Short-term Debt | 0.26 | 0.27 | 1.32 | 3.15 | 2.93 | 2.60 | 2.36 | 4.36 | 6.00 | 6.00 | 4.82 | 5.00 | 0.07 | 0.07 | 0.06 | 0.06 | 0.05 |
| Total Current Liabilities | 4.05 | 4.24 | 8.55 | 12.66 | 15.36 | 16.93 | 15.50 | 15.90 | 20.61 | 26.59 | 22.22 | 27.13 | 2.69 | 2.56 | 2.51 | 2.43 | 2.35 |
| Long-term Debt | 0.20 | 0.39 | 0.78 | -- | 0.50 | 1.08 | 1.67 | 0.43 | 2.66 | 3.13 | 3.59 | 9.73 | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 1.34 | 1.78 | 2.53 | 2.12 | 2.23 | 2.30 | 4.81 | 4.16 | 4.51 | 5.09 | 5.81 | 5.69 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities* | 5.38 | 6.10 | 11.33 | 15.58 | 19.15 | 21.76 | 22.94 | 23.70 | 30.06 | 36.89 | 33.35 | -- | 2.69 | 2.56 | 2.51 | 2.43 | 2.35 |
| Retained Earnings | (44.17) | (46.65) | (45.48) | (42.09) | (26.38) | (19.43) | (18.84) | (11.66) | (5.37) | (3.86) | (3.73) | (4.04) | (15.88) | (15.71) | (15.41) | (15.31) | (15.23) |
| Total Stockholder Equity | 25.78 | 21.61 | 5.56 | 4.52 | 7.26 | 9.04 | 7.07 | 13.83 | 20.09 | 21.56 | 21.64 | -- | (2.62) | (2.45) | (2.33) | (2.24) | (2.16) |
* 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 | 0.29 | -- | -- | 2.72 | 2.28 | 2.73 | 3.33 | 6.28 | 7.33 | 10.00 | 15.88 | 15.72 | 27.15 | 20.86 | 73.82 | 22.78 | 0.00 | 0.00 | 0.01 | 0.01 |
| Cost of Revenue* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.01 | 0.01 |
| Research & Development | 0.19 | -- | (0.32) | 0.12 | 0.13 | 0.15 | 0.28 | 0.34 | 0.53 | 0.73 | 0.68 | 0.70 | 0.72 | 0.80 | 2.24 | 0.99 | 0.01 | 0.01 | 0.02 | 0.02 |
| Selling, General & Admin | 1.01 | 0.50 | 0.18 | 0.62 | 0.58 | 0.25 | 0.53 | 0.44 | 0.65 | 0.66 | 0.76 | 0.73 | 0.69 | 0.70 | 1.57 | 0.45 | 0.07 | 0.07 | 0.08 | 0.08 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.20 | -- | -- | 0.10 | 0.10 | 0.10 | 0.13 | 0.27 |
| Operating Income | (1.39) | (0.55) | 7.34 | (3.63) | (4.92) | (0.97) | (4.16) | (0.91) | (5.48) | (1.01) | (5.99) | (1.65) | 0.25 | (0.08) | 2.49 | 0.43 | (0.10) | (0.09) | (0.26) | (0.09) |
| Pretax Income | 2.32 | (0.62) | 7.28 | (4.30) | (12.54) | (3.87) | (4.17) | (0.75) | (8.22) | (1.17) | (6.58) | (1.91) | 0.00 | (0.26) | 1.48 | 0.13 | (0.17) | (0.17) | (0.29) | (0.10) |
| Tax Provision | (0.09) | (0.02) | 0.46 | (0.35) | (0.12) | (0.03) | (0.13) | (0.06) | (0.02) | 0.00 | (0.11) | (0.13) | 0.09 | 0.08 | 0.09 | 0.06 | -- | -- | 0.00 | 0.00 |
| Net Income | 2.49 | (0.60) | (0.57) | (3.39) | (11.66) | (3.67) | (3.29) | (0.59) | (7.18) | (1.00) | (5.29) | (1.51) | (0.12) | (0.40) | 0.29 | 0.07 | (0.17) | (0.17) | (0.29) | (0.10) |
| Basic EPS | 0.17 | 0.05 | (0.14) | 0.32 | 1.61 | -- | 3.27 | (0.03) | (0.48) | (0.07) | (0.31) | (0.14) | (0.01) | (0.03) | 0.00 | (0.01) | 0.01 | 0.01 | -- | -- |
| Diluted EPS | 0.12 | 0.05 | (0.33) | 0.32 | 1.61 | 0.68 | 3.27 | (0.03) | (0.48) | (0.07) | (0.31) | (0.14) | (0.01) | (0.03) | -- | -- | -- | -- | -- | -- |
* Derived from reported values
Cash Flow Statement
(in millions USD)| Metric | Q2 2026 | Q1 2026 | 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 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | (1.06) | (0.60) | (1.71) | (0.43) | (0.41) | (0.45) | 0.53 | 1.35 | 0.11 | 0.20 | (0.28) | 1.00 | 0.01 | 1.71 | 1.58 | (0.03) | (0.02) | (0.03) | (0.02) | (0.01) |
| Capital Expenditures | 0.19 | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | -- | -- | -- | -- | -- |
| Free Cash Flow* | (1.25) | -- | -- | -- | -- | -- | -- | -- | -- | 0.19 | (0.28) | 1.00 | 0.01 | 1.70 | 1.57 | -- | -- | -- | -- | -- |
| Investing Cash Flow | -- | -- | 0.00 | 0.00 | 0.01 | -- | -- | -- | -- | 2.62 | -0.00 | (0.01) | (2.63) | (0.01) | (0.01) | -- | -- | -- | 0.01 | -- |
| Financing Cash Flow | -- | -- | 1.93 | 2.35 | (0.04) | (0.32) | 0.26 | (2.07) | (0.66) | (3.63) | (0.47) | 0.54 | 0.19 | (0.51) | (2.42) | -- | -- | -- | -- | -- |
* Derived from reported values