Financial Statements — VERI
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 | 12.42 | 15.09 | 36.23 | 13.57 | 16.08 | 11.42 | 46.02 | 90.73 | 72.07 | 62.67 | 139.71 | 196.07 | 220.46 | 237.55 | 72.65 | 120.63 | 127.46 |
| Accounts Receivable | 28.04 | 26.72 | 34.26 | 31.86 | 33.82 | 33.86 | 53.93 | 45.75 | 49.69 | 47.62 | 54.07 | 85.95 | 50.13 | 66.97 | 57.90 | 19.52 | 24.10 |
| Total Current Assets | 47.48 | 50.45 | 83.66 | 57.94 | 61.29 | 165.42 | 141.91 | 172.37 | 161.39 | 152.42 | 220.40 | 322.77 | 302.94 | 336.74 | 166.47 | 169.87 | 172.91 |
| Property, Plant & Equipment | 9.11 | 9.14 | 9.95 | 10.68 | 10.46 | 9.86 | 9.79 | 9.16 | 11.60 | 11.40 | 6.39 | 4.64 | 3.40 | 2.14 | 1.18 | 0.48 | 0.39 |
| Goodwill | 54.01 | 53.98 | 54.12 | 53.11 | 53.11 | 53.11 | 79.83 | 79.83 | 78.39 | 78.36 | 46.46 | 46.47 | 45.79 | 44.60 | 28.00 | 6.90 | 6.90 |
| Intangible Assets | 29.69 | 34.06 | 42.85 | 47.73 | 53.55 | 65.49 | 71.45 | 77.44 | 89.40 | 96.87 | 74.56 | 85.20 | 89.37 | 91.87 | 92.90 | 8.59 | 9.67 |
| Total Non-current Assets* | 101.01 | 104.75 | 114.95 | 128.87 | 138.36 | 171.01 | 179.89 | 187.27 | 198.04 | 203.50 | 142.17 | 147.02 | 149.02 | 145.54 | 124.73 | 17.06 | 18.04 |
| Total Assets | 148.49 | 155.20 | 198.61 | 186.81 | 199.65 | 336.43 | 321.80 | 359.64 | 359.42 | 355.92 | 362.57 | 469.79 | 451.95 | 482.28 | 291.20 | 186.93 | 190.95 |
| Accounts Payable | 15.05 | 12.95 | 11.46 | 15.09 | 13.17 | 9.36 | 33.37 | 36.59 | 40.51 | 30.82 | 38.02 | 31.44 | 30.21 | 38.35 | 33.10 | 16.17 | 19.19 |
| Total Current Liabilities | 100.54 | 96.26 | 63.56 | 64.84 | 62.06 | 249.29 | 181.66 | 197.67 | 186.24 | 161.34 | 152.15 | 185.81 | 170.40 | 165.77 | 173.11 | 104.71 | 103.04 |
| Long-term Debt | -- | -- | 35.36 | 37.30 | 39.24 | 73.63 | 75.56 | 77.50 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 10.09 | 9.94 | 119.55 | 120.75 | 122.84 | 112.30 | 145.84 | 147.10 | 154.48 | 155.53 | 149.70 | 213.21 | 211.33 | 248.28 | 10.42 | 1.99 | 2.11 |
| Total Liabilities | 110.63 | 106.20 | 183.11 | 185.59 | 184.89 | 361.59 | 327.50 | 344.78 | 340.72 | 316.87 | 301.85 | 399.02 | 381.73 | 414.05 | 183.53 | 106.70 | 105.15 |
| Retained Earnings | (620.68) | (598.52) | (542.89) | (513.95) | (487.15) | (499.07) | (477.32) | (455.09) | (442.07) | (417.53) | (394.23) | (375.98) | (371.10) | (367.84) | (335.09) | (323.65) | (310.93) |
| Total Stockholder Equity* | 37.87 | 49.00 | 15.50 | 1.22 | 14.75 | (25.16) | (5.69) | 14.87 | 18.70 | 39.05 | 60.72 | 70.77 | 70.22 | 68.23 | 107.67 | 80.23 | 85.79 |
* 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 | 24.26 | 20.26 | 19.08 | 26.63 | 24.01 | 22.46 | 8.02 | 21.99 | 30.99 | 31.64 | 34.20 | 35.13 | 27.97 | 30.26 | 43.89 | 37.20 | 34.24 | 34.41 | 55.15 | 22.66 |
| Cost of Revenue* | 6.35 | -- | -- | (23.96) | 6.35 | -- | -- | 6.33 | 6.58 | 7.05 | 6.50 | 7.19 | 7.77 | 6.81 | 6.71 | 7.10 | 6.71 | 6.92 | 6.27 | 5.81 |
| Gross Profit* | 17.91 | -- | -- | 50.59 | 17.66 | -- | -- | 15.67 | 24.41 | 24.59 | 27.70 | 27.95 | 20.20 | 23.45 | 37.18 | 30.10 | 55.01 | 27.48 | 48.88 | 16.85 |
| Research & Development | 5.87 | 5.75 | 5.08 | 5.49 | 4.93 | 5.21 | 3.43 | 7.53 | 6.65 | 9.22 | 9.63 | 10.41 | 10.52 | 11.53 | 10.85 | 11.78 | 11.07 | 9.88 | 10.22 | 5.25 |
| Selling, General & Admin | 11.14 | 10.95 | 13.63 | 12.98 | 12.65 | 14.00 | 7.82 | 14.42 | 16.77 | 19.42 | 16.31 | 21.08 | 19.02 | 17.40 | 17.05 | 2.50 | 2.30 | 22.32 | 35.69 | 15.04 |
| Total Operating Expenses* | 40.05 | -- | -- | 117.76 | 36.98 | -- | -- | 38.16 | 42.07 | 46.43 | 45.21 | 51.01 | 48.38 | 47.04 | 47.13 | 33.71 | 79.45 | 48.29 | 61.92 | 27.88 |
| Operating Income | (22.14) | (19.42) | (22.14) | (18.16) | (19.32) | (21.63) | (26.21) | (22.49) | (17.66) | (21.84) | (17.50) | (23.06) | (28.18) | (23.59) | (9.95) | (3.61) | (3.63) | (20.80) | (13.03) | (11.03) |
| Pretax Income | (22.47) | (20.12) | (36.32) | (29.52) | (25.91) | (20.20) | (26.59) | (25.09) | (22.27) | (26.24) | 11.75 | (25.52) | (24.67) | (23.23) | 8.46 | (4.86) | (4.86) | (21.99) | (13.60) | (11.05) |
| Tax Provision | (0.31) | (0.61) | (0.50) | (0.28) | 0.88 | (0.33) | (0.20) | (2.57) | (0.04) | (1.04) | (0.43) | (0.98) | (1.37) | (0.27) | 3.75 | 0.03 | (1.61) | 0.14 | 2.27 | 0.40 |
| Net Income | (22.16) | (19.51) | (36.13) | (29.24) | (46.67) | (19.87) | 31.79 | (21.75) | (22.23) | (25.20) | 12.18 | (24.54) | (23.30) | (22.96) | 4.71 | (4.89) | (3.25) | (22.13) | (15.87) | (11.44) |
| Basic EPS | (0.24) | (0.21) | (0.40) | (0.45) | (0.54) | (0.41) | 0.85 | (0.57) | (0.59) | (0.67) | 0.33 | (0.66) | (0.63) | (0.63) | 0.13 | (0.13) | (0.09) | -- | -- | -- |
| Diluted EPS | (0.24) | (0.21) | -- | -- | (0.54) | (0.41) | 0.85 | (0.57) | (0.59) | (0.67) | 0.33 | (0.66) | (0.63) | (0.63) | 0.13 | (0.13) | (0.09) | -- | -- | -- |
* Derived from reported values
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 | (10.63) | (11.49) | (12.04) | (15.89) | (8.23) | (17.04) | (0.50) | 3.57 | (43.72) | 15.93 | (28.31) | 10.42 | (24.75) | (33.78) | 28.37 | (20.34) | (14.42) | 10.13 | 10.76 | (2.54) |
| Capital Expenditures | 1.50 | 0.53 | 1.45 | 1.22 | 0.96 | 1.35 | 0.96 | 1.74 | 1.50 | 1.90 | 1.07 | 1.36 | 1.25 | 1.45 | 0.99 | 1.52 | 1.52 | 0.74 | 0.57 | 0.18 |
| Free Cash Flow* | (12.13) | (12.03) | (13.49) | (17.11) | (9.19) | (18.40) | (1.46) | 1.83 | (45.22) | 14.03 | (29.38) | 9.07 | (26.00) | (35.23) | 27.38 | (21.86) | (15.94) | 9.40 | 10.19 | (2.71) |
| Investing Cash Flow | (1.49) | (0.53) | (1.44) | (1.22) | (0.96) | (1.35) | 1.73 | (1.73) | 0.30 | (1.90) | (1.14) | 1.33 | (52.13) | (2.95) | (0.99) | (4.25) | (2.82) | (4.05) | (5.79) | (47.78) |
| Financing Cash Flow | 9.35 | (0.49) | 4.55 | 39.62 | 7.40 | 17.86 | (31.17) | (1.94) | (1.28) | (2.67) | 36.82 | (2.35) | (0.15) | (7.98) | (39.02) | 0.20 | 0.14 | (23.25) | 177.11 | 2.33 |
* Derived from reported values