Financial Statements — VNRX
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 | 2.80 | 3.10 | 0.20 | 2.30 | 2.60 | 5.41 | 6.00 | 11.77 | 10.81 | 19.74 | 10.01 | 16.42 | 16.73 | 23.73 | 22.90 | 27.91 | 33.06 |
| Accounts Receivable | 0.28 | 0.25 | 0.31 | 0.19 | 0.19 | 0.31 | 0.17 | 0.13 | 0.03 | 0.20 | 0.12 | 0.01 | 0.01 | 0.07 | 0.02 | 0.02 | 0.01 |
| Total Current Assets | 4.09 | 4.52 | 1.33 | 3.26 | 3.29 | 6.80 | 7.35 | 13.47 | 12.20 | 21.51 | 11.96 | 17.67 | 18.65 | 25.96 | 24.42 | 29.39 | 34.67 |
| Property, Plant & Equipment | 3.56 | 3.77 | 4.24 | 4.50 | 4.35 | 4.91 | 4.88 | 5.18 | 5.30 | 5.46 | 5.40 | 4.88 | 4.81 | 4.72 | 5.08 | 5.27 | 5.25 |
| Intangible Assets | 0.31 | 0.32 | 0.30 | 0.31 | 0.32 | 0.34 | 0.33 | 0.22 | 0.05 | 0.07 | 0.09 | 0.13 | 0.15 | 0.18 | 0.24 | 0.27 | 0.29 |
| Total Non-current Assets* | 4.21 | 4.52 | 5.12 | 5.44 | 5.23 | 5.88 | 5.72 | 5.96 | 5.84 | 6.05 | 6.09 | 5.67 | 5.70 | 5.73 | 5.59 | 5.85 | 5.84 |
| Total Assets | 8.30 | 9.04 | 6.45 | 8.70 | 8.52 | 12.68 | 13.07 | 19.43 | 18.04 | 27.56 | 18.04 | 23.34 | 24.35 | 31.68 | 30.00 | 35.24 | 40.51 |
| Accounts Payable | 3.56 | 3.72 | 3.11 | 2.35 | 3.01 | 2.49 | 3.35 | 3.53 | 3.06 | 3.49 | 2.99 | 2.47 | 2.60 | 2.21 | 1.18 | 1.08 | 1.46 |
| Total Current Liabilities | 13.49 | 13.57 | 11.42 | 9.24 | 8.27 | 30.28 | 30.98 | 31.49 | 17.65 | 18.80 | 17.24 | 16.98 | 17.35 | 17.51 | 5.85 | 5.40 | 6.00 |
| Long-term Debt | 7.05 | 7.29 | 6.48 | 6.79 | 6.39 | 4.80 | 4.91 | 4.52 | 3.34 | 3.65 | 3.67 | 3.34 | 2.83 | 3.37 | 2.79 | 3.04 | 3.23 |
| Total Non-current Liabilities* | 28.35 | 28.83 | 30.98 | 32.56 | 29.27 | 5.04 | 4.99 | 4.56 | 3.24 | 3.64 | 3.79 | 3.52 | 2.92 | 3.36 | 2.97 | 3.22 | 3.35 |
| Total Liabilities | 41.84 | 42.40 | 42.40 | 41.80 | 37.55 | 35.32 | 35.97 | 36.05 | 20.89 | 22.44 | 21.02 | 20.50 | 20.27 | 20.87 | 8.82 | 8.61 | 9.35 |
| Retained Earnings | (267.35) | (259.57) | (246.63) | (241.25) | (234.97) | (223.75) | (217.93) | (210.94) | (193.88) | (185.51) | (176.04) | (160.02) | (152.27) | (144.62) | (128.95) | (121.82) | (116.29) |
| Total Stockholder Equity | (32.16) | (31.97) | (34.64) | (31.82) | (27.77) | (21.50) | (21.81) | (15.61) | (2.04) | 5.84 | (2.34) | 2.84 | 4.47 | 11.12 | 21.18 | 26.63 | 31.16 |
* 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 | 0.40 | 0.99 | 0.45 | 0.63 | 0.41 | 0.25 | 0.19 | 0.47 | 0.40 | 0.17 | 0.24 | 0.17 | 0.22 | 0.15 | 0.12 | 0.03 | 0.04 | 0.11 | 0.01 | 0.03 |
| Research & Development | 1.80 | 2.85 | 2.47 | 2.29 | 2.72 | 2.61 | 2.59 | 3.47 | 3.72 | 4.63 | 4.54 | 4.65 | 5.45 | 4.91 | 3.97 | 3.74 | 3.28 | 3.59 | 3.57 | 4.45 |
| Selling, General & Admin | 2.21 | 2.63 | 1.80 | 2.48 | 2.94 | 2.24 | 2.13 | 1.82 | 2.28 | 2.25 | 2.54 | 2.60 | 2.64 | 2.58 | 2.49 | 2.76 | 3.09 | 2.60 | 2.70 | 2.43 |
| Total Operating Expenses | 4.55 | 6.33 | 5.27 | 5.73 | 6.70 | 5.77 | 5.97 | 6.34 | 7.39 | 8.56 | 8.98 | 8.82 | 9.77 | 9.19 | 8.13 | 8.03 | 8.14 | 7.79 | 8.80 | 7.59 |
| Operating Income | (4.16) | (5.35) | (4.82) | (5.10) | (6.30) | (5.52) | (5.78) | (5.87) | (6.99) | (8.38) | (8.74) | (8.65) | (9.55) | (9.05) | (8.01) | (7.99) | (8.10) | (7.68) | (8.79) | (7.56) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 | 0.04 | 0.04 |
| Net Income | (7.33) | (6.66) | (6.27) | (5.38) | (6.28) | (5.42) | (5.86) | (5.87) | (7.06) | (8.47) | (8.80) | (8.45) | 18.42 | (8.78) | (7.34) | (7.81) | (7.73) | (7.72) | (8.11) | (7.18) |
| Diluted EPS | (0.85) | (0.97) | -- | (0.05) | (0.06) | (0.06) | (1.20) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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 | (5.16) | (5.28) | (5.49) | (3.63) | (6.26) | (4.30) | (5.43) | (5.39) | (6.73) | (8.34) | 6.45 | (8.42) | (7.35) | (8.74) | (5.18) | (6.82) | (6.27) | 2.99 | (4.41) | (4.88) |
| Capital Expenditures | 0.00 | 0.01 | 0.01 | 0.00 | 0.08 | 0.00 | 0.07 | 0.14 | 0.04 | 0.03 | 0.31 | 0.27 | 0.30 | 0.20 | 0.58 | 0.33 | 0.54 | 0.12 | 0.13 | 0.14 |
| Free Cash Flow* | (5.16) | (5.29) | (5.50) | (3.63) | (6.34) | (4.30) | (5.50) | (5.52) | (6.77) | (8.37) | 6.14 | (8.69) | (7.65) | (8.95) | (5.76) | (7.14) | (6.81) | 2.87 | (4.54) | (5.02) |
| Investing Cash Flow | -0.00 | (0.01) | (0.01) | 0.00 | (0.08) | -0.00 | (0.20) | (0.14) | (0.16) | (0.08) | (0.31) | (0.27) | (0.30) | (0.20) | (0.58) | (0.33) | (0.54) | (0.12) | (0.13) | (0.14) |
| Financing Cash Flow | 4.98 | 7.62 | 6.16 | 1.60 | 5.67 | 3.67 | 2.29 | 5.60 | 0.97 | (0.21) | 3.77 | (0.27) | 17.34 | 8.15 | 0.31 | 6.73 | (0.46) | 0.37 | 2.10 | 0.05 |
* Derived from reported values
