Financial Statements — VTVT
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 | 86.64 | 98.09 | 98.50 | 25.92 | 31.06 | 41.57 | 45.53 | 52.26 | 8.24 | 12.60 | 18.77 | 15.34 | 17.86 | 12.14 | 19.57 | 10.84 | 8.45 |
| Accounts Receivable | -- | -- | -- | -- | -- | 0.24 | 0.31 | 0.98 | 0.00 | 0.00 | 0.00 | 0.06 | 0.08 | 0.06 | 0.93 | -- | 0.00 |
| Total Current Assets | 87.59 | 98.81 | 99.46 | 26.37 | 31.92 | 42.96 | 46.20 | 53.87 | 10.13 | 13.94 | 20.63 | 28.78 | 30.61 | 13.61 | 22.17 | 11.27 | 9.22 |
| Property, Plant & Equipment | -- | -- | 0.01 | 0.02 | 0.02 | 0.05 | 0.07 | 0.10 | 0.14 | 0.16 | 0.19 | 0.23 | 0.25 | 0.26 | 0.30 | 0.32 | 0.34 |
| Total Non-current Assets* | 0.00 | 0.01 | 0.04 | 0.07 | 0.11 | 0.21 | 0.26 | 0.31 | 4.80 | 8.49 | 8.20 | 6.73 | 6.38 | 6.57 | 9.26 | 10.39 | 7.53 |
| Total Assets | 87.59 | 98.81 | 99.49 | 26.45 | 32.03 | 43.16 | 46.46 | 54.18 | 14.92 | 22.43 | 28.83 | 35.52 | 36.99 | 20.18 | 31.43 | 21.66 | 16.75 |
| Accounts Payable | 6.99 | 6.82 | 9.80 | 5.22 | 4.19 | 6.23 | 6.79 | 8.73 | 9.62 | 9.11 | 8.36 | 6.68 | 9.60 | 12.47 | 4.66 | 4.86 | 4.97 |
| Total Current Liabilities | 7.02 | 6.88 | 10.16 | 5.30 | 4.32 | 6.42 | 6.99 | 8.92 | 10.28 | 9.29 | 8.53 | 7.47 | 9.82 | 12.70 | 5.51 | 5.06 | 5.16 |
| Total Non-current Liabilities* | 1.94 | 1.97 | 18.79 | 18.75 | 18.81 | 18.83 | 19.04 | 19.27 | 19.16 | 19.54 | 19.89 | 20.41 | 19.77 | 1.21 | 2.86 | 4.23 | 5.22 |
| Total Liabilities | 8.96 | 8.85 | 28.95 | 24.04 | 23.13 | 25.25 | 26.02 | 28.20 | 29.44 | 28.83 | 28.42 | 27.88 | 29.60 | 13.91 | 8.37 | 9.29 | 10.38 |
| Retained Earnings | (315.61) | (302.56) | (319.55) | (310.86) | (304.81) | (296.08) | (291.30) | (286.12) | (281.19) | (280.81) | (274.32) | (267.06) | (253.30) | (247.66) | (259.00) | (273.11) | (274.73) |
| Total Stockholder Equity | 78.63 | 89.96 | 70.54 | 2.76 | 7.92 | 15.01 | 16.48 | 20.80 | (25.23) | (25.28) | (19.19) | (16.57) | (8.53) | (8.09) | (21.54) | (47.82) | (56.27) |
* Derived from reported values
Income 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 |
|---|
| Total Revenue | 0.00 | 36.84 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 2.00 | 0.01 | 3.00 |
| Research & Development | 8.77 | 8.98 | 3.91 | 7.02 | 4.10 | 2.83 | 2.23 | 3.22 | 3.44 | 2.65 | 2.14 | 2.82 | 4.69 | 3.94 | 3.96 | 3.06 | 2.21 | 3.13 | 5.40 | 2.38 |
| Selling, General & Admin | 5.16 | 4.60 | 3.98 | 3.68 | 3.62 | 3.67 | 2.68 | 3.28 | 3.72 | 3.98 | 2.57 | 2.54 | 3.31 | 3.49 | 2.39 | 2.63 | 1.83 | 5.35 | 5.72 | 2.22 |
| Total Operating Expenses | 13.93 | 13.58 | 7.89 | 10.70 | 7.72 | 6.50 | 4.91 | 6.51 | 7.16 | 6.63 | 4.71 | 5.37 | 8.00 | 7.43 | 6.35 | 5.69 | 4.04 | 8.48 | 11.12 | 4.60 |
| Operating Income | (13.93) | 23.26 | (7.88) | (10.70) | (7.72) | (6.50) | (4.89) | (6.51) | (7.15) | (5.63) | (4.71) | (5.37) | (8.00) | (7.43) | (6.34) | (5.69) | (4.03) | (6.48) | (11.11) | (1.60) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 |
| Pretax Income | (13.05) | 24.13 | (7.14) | (10.34) | (7.38) | (6.22) | (4.44) | (5.84) | (6.41) | (5.92) | (4.44) | (8.54) | (7.21) | (5.77) | (6.09) | (5.47) | (4.09) | (9.22) | (9.48) | (1.36) |
| Tax Provision | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.00 | 0.10 |
| Net Income | (13.05) | 24.13 | (7.14) | (8.70) | (6.05) | (5.09) | (3.63) | (4.78) | (5.18) | (4.86) | (3.48) | (6.65) | (5.62) | (4.50) | (4.74) | (4.26) | (3.15) | (7.01) | (7.05) | (1.09) |
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 | (11.44) | 9.15 | (9.25) | (5.22) | (5.09) | (5.69) | (4.82) | (6.42) | (6.73) | (7.33) | (2.91) | (4.83) | (6.17) | (5.17) | (6.88) | (8.83) | 0.71 | (1.02) | (6.42) | (3.59) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | -- | 0.00 | 0.00 | 0.02 | -- | -- | -- |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (2.91) | (4.83) | (6.17) | -- | (6.88) | (8.83) | 0.69 | -- | -- | -- |
| Investing Cash Flow | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 4.40 | 0.00 | 0.00 | -- | 0.00 | 0.00 | (0.02) | -- | -- | -- |
| Financing Cash Flow | 0.00 | -- | (0.32) | 77.80 | (0.04) | 0.00 | 0.00 | 2.46 | 0.00 | 50.14 | (0.28) | 0.47 | 0.00 | 11.81 | 3.67 | 6.30 | 5.04 | (0.26) | 0.27 | 12.33 |
* Derived from reported values
