Financial Statements — WETH
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 | 127.52 | 120.52 | 113.19 | 110.45 | 106.41 | 106.74 | 98.37 | 94.80 | 93.94 | 92.21 | 93.26 | 45.55 | 45.15 | 44.82 | 54.07 | 52.59 | 54.48 |
| Accounts Receivable | 9.33 | 11.06 | 10.81 | 10.74 | 11.10 | 9.73 | 10.83 | -- | 13.93 | 13.96 | 13.09 | 14.28 | 15.29 | 14.61 | 11.34 | 11.59 | 4.50 |
| Inventory | 0.01 | 0.03 | 0.05 | 0.15 | 0.15 | 0.19 | 0.18 | 0.18 | 0.20 | 0.17 | 0.17 | 0.41 | 0.51 | 0.26 | 0.53 | 0.34 | 0.20 |
| Total Current Assets | 137.95 | 132.72 | 125.18 | 123.16 | 119.82 | 120.02 | 113.24 | 110.04 | 109.12 | 107.40 | 107.66 | 61.41 | 62.18 | 61.43 | 66.94 | 64.55 | 59.19 |
| Property, Plant & Equipment | 9.16 | 9.01 | 13.43 | 13.02 | 12.86 | 13.13 | 12.67 | 12.75 | 10.32 | 10.39 | 10.97 | 10.59 | 11.25 | 11.89 | 0.19 | 0.05 | 9.49 |
| Intangible Assets | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.97 |
| Total Non-current Assets* | 14.64 | 14.57 | 14.73 | 13.86 | 13.85 | 13.13 | 12.67 | 13.11 | 10.32 | 10.39 | 10.97 | 10.59 | 11.25 | 11.89 | 0.19 | 0.05 | 0.00 |
| Total Assets | 152.59 | 147.29 | 139.91 | 137.02 | 133.68 | 133.14 | 125.91 | 123.15 | 119.44 | 117.79 | 118.63 | 72.00 | 73.43 | 73.33 | 67.13 | 64.60 | 59.19 |
| Accounts Payable | 0.86 | 0.94 | 1.29 | 1.49 | 1.59 | 1.22 | 0.92 | 0.57 | 1.50 | 2.37 | 2.09 | 1.41 | 2.10 | 1.26 | 0.83 | 0.77 | 2.01 |
| Total Current Liabilities | 3.83 | 4.12 | 4.69 | 5.01 | 5.44 | 3.45 | 3.11 | 2.24 | 7.33 | 8.16 | 7.33 | 5.42 | 6.12 | 5.11 | 2.26 | 3.14 | 3.61 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.05 | 0.20 | 0.35 | 0.21 | 0.33 | 0.37 | 0.38 | 0.21 | 0.35 | 1.09 | 0.91 | 0.97 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.83 | 4.12 | 4.74 | 5.22 | 5.80 | 3.67 | 3.45 | 2.61 | 7.72 | 8.38 | 7.69 | 6.51 | 7.03 | 6.08 | 2.26 | 3.14 | 3.61 |
| Retained Earnings | 87.82 | 85.66 | 81.96 | 79.43 | 77.19 | 75.40 | 72.74 | 70.04 | 72.69 | 69.83 | 65.16 | 63.39 | 60.10 | 57.17 | 55.93 | 52.55 | 47.59 |
| Total Stockholder Equity | 148.76 | 143.17 | 135.17 | 131.81 | 127.88 | 129.48 | 122.46 | 120.54 | 111.72 | 109.41 | 110.95 | 65.49 | 66.40 | 67.25 | 64.88 | 61.46 | 55.59 |
* 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 | 4.37 | 5.31 | 1.40 | 3.81 | 4.00 | 4.99 | 0.96 | 4.11 | 4.37 | 5.50 | 2.37 | 11.12 | 12.77 | 13.43 | 2.55 | 11.62 | 11.75 | 11.99 | 3.67 | 11.17 |
| Cost of Revenue | 9.12 | 10.49 | 4.61 | 8.20 | 8.31 | 9.65 | 2.66 | 7.10 | 7.37 | 11.54 | 2.25 | 6.35 | 6.52 | 7.39 | 2.93 | 6.56 | 6.70 | 7.68 | 3.08 | 6.37 |
| Gross Profit | 4.88 | 5.82 | 0.64 | 3.98 | 4.11 | 5.64 | 0.97 | 4.44 | 4.86 | 3.34 | 0.12 | 4.78 | 6.25 | 6.04 | (0.37) | 5.06 | 5.05 | 4.31 | 0.59 | 4.80 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | 0.04 | 0.04 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Selling, General & Admin | 0.53 | 0.58 | 0.65 | 0.71 | 0.91 | 1.57 | 1.45 | 0.75 | 0.80 | 0.53 | 1.92 | 0.21 | 0.06 | 1.67 | 0.36 | 0.09 | 0.44 | 0.37 | 0.33 | 0.30 |
| Total Operating Expenses | 1.72 | 0.74 | 0.85 | 0.85 | 1.03 | 1.67 | 1.17 | 0.95 | 1.14 | 1.03 | 2.15 | 0.49 | 0.16 | 1.74 | 0.43 | 0.32 | 1.00 | 0.88 | 0.64 | 0.46 |
| Operating Income | 3.16 | 5.09 | (0.22) | 3.13 | 3.08 | 3.97 | (0.20) | 3.48 | 3.73 | 2.30 | (2.03) | 4.29 | 6.09 | 4.30 | (0.81) | 4.74 | 4.05 | 3.43 | (0.04) | 4.34 |
| Interest Expense | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 1.17 | 0.04 | 0.14 | 0.04 | 0.03 | 0.05 | 0.06 | 0.06 | 0.06 | -- | -- |
| Pretax Income | 3.19 | 5.11 | (0.16) | 3.16 | 3.12 | 4.03 | 0.03 | 3.64 | 3.80 | -- | (2.09) | 4.01 | 6.23 | 4.20 | (0.09) | 4.52 | 4.09 | 3.56 | 0.76 | 4.37 |
| Tax Provision | 1.02 | 1.24 | 0.01 | 0.64 | 0.88 | 1.47 | (0.08) | 0.98 | 1.10 | 0.66 | (0.03) | 1.15 | 1.56 | 1.41 | (0.04) | 1.23 | 1.16 | 1.00 | 0.08 | 1.09 |
| Net Income | 2.16 | 3.87 | (0.17) | 2.53 | 2.24 | 2.56 | 0.11 | 2.66 | 2.70 | 0.56 | (2.06) | 2.86 | 4.67 | 2.79 | (0.05) | 3.29 | 2.93 | 2.56 | 0.68 | 3.28 |
| Basic EPS | 0.18 | 0.32 | (0.01) | 0.21 | 0.19 | 0.21 | 0.03 | 0.22 | 0.23 | 0.04 | 0.56 | 0.29 | 0.02 | 0.02 | 0.00 | 0.10 | 0.09 | 0.08 | 0.00 | 0.10 |
| Diluted EPS | 0.18 | 0.32 | (0.01) | 0.21 | 0.19 | 0.21 | 0.03 | 0.22 | 0.23 | 0.04 | 0.56 | 0.29 | 0.02 | 0.02 | 0.00 | 0.10 | 0.09 | 0.08 | 0.00 | 0.10 |
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 | 4.95 | 0.52 | (1.10) | 3.81 | 2.64 | 2.04 | 1.81 | 4.59 | 3.88 | (9.22) | 3.72 | 2.25 | 4.04 | 2.72 | 3.82 | 3.27 | 2.94 | (1.44) | 1.04 | 1.86 |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | 0.15 | 0.00 | 0.00 | 0.11 | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.15 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | 1.66 | 4.59 | 3.88 | (9.33) | -- | -- | -- | -- | -- | -- | -- | -- | -- | 1.72 |
| Investing Cash Flow | -- | -- | -- | -- | -- | -- | (0.15) | -0.00 | -0.00 | (0.11) | -- | -- | -- | -- | -- | -- | -- | -- | (11.45) | (0.15) |
| Financing Cash Flow | -- | -- | -- | -- | -- | -- | (0.43) | 0.17 | 0.35 | 7.51 | 0.00 | (0.10) | -0.00 | 40.05 | -- | -- | -- | -- | -- | -0.00 |
* Derived from reported values
