Financial Statements — VWAV
Balance Sheet
(in millions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q2
2025 |
|---|
| Cash & Equivalents | 0.03 | 0.02 | 0.02 | 0.00 |
| Total Current Assets | 6.32 | 15.12 | 4.00 | 0.00 |
| Property, Plant & Equipment | 0.17 | 0.06 | 0.06 | -- |
| Goodwill | 0.59 | -- | -- | -- |
| Intangible Assets | 159.27 | 113.92 | 13.91 | -- |
| Total Non-current Assets* | 173.47 | 120.59 | 14.37 | 1.17 |
| Total Assets | 179.80 | 135.70 | 18.37 | 1.17 |
| Accounts Payable | 5.46 | 4.28 | 4.19 | 0.02 |
| Total Current Liabilities | 39.59 | 37.06 | 15.31 | 6.29 |
| Total Non-current Liabilities* | 0.19 | 0.00 | 0.00 | 1.22 |
| Total Liabilities | 39.77 | 37.06 | 15.31 | 7.52 |
| Retained Earnings | (60.79) | (34.95) | (22.04) | (6.98) |
| Total Stockholder Equity | 129.66 | 98.65 | 3.06 | (6.95) |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q2
2025 |
|---|
| Total Revenue | 0.29 | -- | 10.00 | -- |
| Cost of Revenue | 0.17 | -- | -- | -- |
| Gross Profit | 0.11 | -- | -- | -- |
| Research & Development | 0.75 | 0.27 | 0.32 | -- |
| Selling, General & Admin | 5.99 | 2.92 | 4.68 | -- |
| Total Operating Expenses | 18.26 | 11.06 | 6.57 | -- |
| Operating Income | (18.14) | (11.06) | (6.57) | (0.34) |
| Interest Expense | 5.23 | 2.19 | 0.14 | -- |
| Pretax Income | (25.93) | (12.91) | (6.94) | (0.43) |
| Tax Provision | -- | -- | -- | 0.00 |
| Net Income | (25.93) | (12.91) | (6.94) | (0.43) |
| Basic EPS | (1.19) | (0.66) | -- | (0.17) |
| Diluted EPS | (1.19) | (0.66) | -- | (0.17) |
Cash Flow Statement
(in millions USD)| Metric | Q3
2026 | Q2
2026 | Q1
2026 | Q2
2025 |
|---|
| Operating Cash Flow | (6.03) | (3.38) | (5.41) | (0.25) |
| Capital Expenditures | 0.02 | 0.01 | 0.05 | -- |
| Free Cash Flow* | (6.05) | (3.39) | (5.46) | -- |
| Investing Cash Flow | (2.97) | (3.49) | (0.33) | 2.62 |
| Financing Cash Flow | (0.39) | 18.48 | 6.10 | (2.38) |
* Derived from reported values
