Financial Statements — VSTM
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.14 | 0.17 | 0.14 | 0.16 | 0.12 | 0.11 | 0.08 | 0.09 | 0.18 | 0.10 | 0.08 | 0.06 | 0.05 | 0.02 | 0.02 | 0.04 |
| Short-term Investments | -- | 0.02 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 0.18 | 0.20 | 0.15 | 0.17 | 0.12 | 0.12 | 0.10 | 0.17 | 0.19 | 0.12 | 0.11 | 0.10 | 0.11 | 0.11 | 0.11 | 0.13 |
| Property, Plant & Equipment | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Intangible Assets | 0.02 | 0.02 | 0.02 | 0.02 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 |
| Total Assets | 0.21 | 0.23 | 0.18 | 0.20 | 0.13 | 0.13 | 0.11 | 0.18 | 0.19 | 0.12 | 0.11 | 0.10 | 0.12 | 0.11 | 0.12 | 0.14 |
| Accounts Payable | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 0.08 | 0.07 | 0.06 | 0.05 | 0.04 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| Long-term Debt | -- | -- | -- | -- | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | -- | -- | -- |
| Total Non-current Liabilities* | 0.08 | 0.08 | 0.13 | 0.11 | 0.13 | 0.06 | 0.04 | 0.05 | 0.05 | 0.04 | 0.03 | 0.03 | 0.03 | 0.00 | 0.02 | 0.02 |
| Total Liabilities | 0.16 | 0.15 | 0.19 | 0.16 | 0.16 | 0.09 | 0.07 | 0.07 | 0.07 | 0.07 | 0.05 | 0.05 | 0.04 | 0.02 | 0.04 | 0.03 |
| Retained Earnings | (1.24) | (1.20) | (1.13) | (1.03) | (1.01) | (0.89) | (0.87) | (0.80) | (0.78) | (0.75) | (0.72) | (0.70) | (0.68) | (0.65) | (0.62) | (0.61) |
| Total Stockholder Equity | 0.05 | 0.08 | (0.02) | 0.04 | (0.03) | 0.01 | 0.02 | 0.08 | 0.10 | 0.03 | 0.06 | 0.05 | 0.07 | 0.10 | 0.09 | 0.10 |
* 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 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 40.08 | 18.67 | 17.54 | 11.24 | 2.14 | -- | 0.00 | 10.00 | 10.00 | 0.00 | -- | -- | -- | 0.00 | 0.00 | 0.00 | 2.60 | 0.55 | 0.00 | 0.50 |
| Research & Development | 41.34 | 38.22 | 31.67 | 28.99 | 24.79 | 29.15 | 20.81 | 24.75 | 18.06 | 22.50 | 13.95 | 12.89 | 12.02 | 10.74 | 11.29 | 14.89 | 13.64 | 11.40 | 9.32 | 9.73 |
| Selling, General & Admin | 8.54 | 22.30 | 24.45 | 21.01 | 15.14 | 15.02 | 10.78 | 12.28 | 10.22 | 8.64 | 7.36 | 7.40 | 7.33 | 6.11 | 6.42 | 6.51 | 5.93 | 5.66 | 5.52 | 6.71 |
| Operating Income | (32.71) | (44.90) | (41.48) | (40.72) | (43.76) | (44.17) | (31.59) | (37.03) | (18.28) | (31.14) | (21.31) | (20.29) | (19.34) | (16.85) | (17.71) | (21.40) | (16.98) | (16.51) | (14.85) | (15.94) |
| Interest Expense | 0.36 | 0.38 | 0.42 | 0.32 | 0.21 | 0.19 | 1.15 | 1.15 | 1.14 | 1.12 | 1.13 | 1.12 | 0.77 | 0.72 | 0.72 | 0.64 | 0.06 | 0.01 | 7.98 | 1.01 |
| Pretax Income | (33.86) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 0.82 | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.19 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -- | -- |
| Net Income | (34.67) | (36.59) | (32.92) | (98.52) | (25.93) | (52.10) | (64.55) | (23.97) | (8.26) | (27.37) | (20.00) | (24.28) | (15.71) | (16.81) | (18.09) | (21.95) | (16.96) | (16.48) | (22.79) | (16.90) |
| Basic EPS | (0.35) | (0.37) | (0.32) | (1.35) | (0.39) | (0.96) | (1.55) | (0.60) | (0.31) | (1.76) | (0.75) | (1.37) | (0.08) | (0.08) | (0.09) | (0.12) | (0.09) | (0.10) | (0.13) | -- |
| Diluted EPS | (0.35) | (0.46) | (0.09) | (1.35) | (0.62) | (0.96) | (1.55) | (0.60) | (0.31) | -- | -- | -- | (0.08) | (0.08) | (0.09) | (0.12) | (0.09) | (0.10) | (0.13) | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
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 | (43.91) | (52.12) | (29.95) | (36.22) | (32.66) | (38.68) | (25.10) | (79.67) | (28.31) | (29.68) | (16.59) | (19.90) | (20.29) | (16.62) | (15.08) | (12.69) | (19.28) | (9.93) | (10.83) | (13.42) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.00 | 0.03 | 0.02 | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | (25.10) | (79.70) | (28.33) | -- | -- | -- | -- | -- | -- | -- | -- | (9.93) | (10.83) | (13.42) |
| Investing Cash Flow | 16.25 | (16.01) | (1.34) | (8.28) | -- | -- | 0.00 | 59.97 | 30.98 | 12.44 | (70.08) | 14.00 | (0.80) | 13.03 | 4.65 | 29.25 | 19.26 | 0.07 | 10.00 | 2.39 |
| Financing Cash Flow | (1.54) | 28.69 | 98.58 | 17.88 | 79.42 | 67.43 | 0.74 | 54.04 | 0.85 | (0.45) | (0.89) | 91.48 | 44.05 | 0.00 | 25.62 | 0.71 | 25.45 | 6.81 | 0.17 | 0.49 |
* Derived from reported values
