Financial Statements — WORX
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 | 1.26 | 1.34 | 0.68 | 0.34 | 1.07 | 0.09 | 0.02 | 0.04 | 0.07 | 0.13 | 0.25 | 0.36 | 0.02 | 0.01 | 0.40 | 0.03 | 0.09 |
| Accounts Receivable | 0.26 | 0.31 | 0.61 | 0.41 | 0.18 | 0.55 | 0.57 | 0.39 | 0.32 | 0.46 | 0.34 | 0.23 | 0.30 | 0.70 | 0.33 | 0.49 | 1.02 |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.04 | 0.16 | 0.36 | 0.36 | 1.00 |
| Total Current Assets | 1.70 | 1.84 | 1.33 | 0.80 | 1.31 | 0.68 | 0.67 | 0.50 | 0.45 | 0.68 | 0.91 | 0.92 | 0.70 | 0.98 | 1.19 | 1.02 | 2.23 |
| Property, Plant & Equipment | 0.01 | 0.01 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.01 |
| Goodwill | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 8.37 | 8.37 | 8.37 | 8.37 | 8.37 | 8.37 | 8.37 | 8.37 | 8.37 |
| Intangible Assets | 0.16 | 0.09 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 6.01 | 5.94 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 5.84 | 8.37 | 8.37 | 8.37 | 8.37 | 8.37 | 8.37 | 8.37 | 8.37 | 8.37 |
| Total Assets | 7.71 | 7.78 | 7.18 | 6.65 | 7.16 | 6.52 | 6.51 | 6.34 | 8.82 | 9.05 | 9.28 | 9.28 | 9.06 | 9.35 | 9.56 | 9.39 | 10.61 |
| Accounts Payable | 0.43 | 0.42 | 0.63 | 0.77 | 0.94 | 1.61 | 1.91 | 1.91 | 1.79 | -- | 0.15 | 1.65 | 1.66 | 1.70 | 2.34 | 2.40 | 1.72 |
| Total Current Liabilities | 0.78 | 0.73 | 1.18 | 1.19 | 1.56 | 2.03 | 2.91 | 2.64 | 2.56 | 2.34 | 2.62 | 2.33 | 2.63 | 2.84 | 3.32 | 3.60 | 4.44 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.00 | 0.09 | 0.10 | 0.11 | 0.13 | 0.15 | 0.29 | 0.29 | 0.43 | 0.43 | 0.43 |
| Total Liabilities | 0.78 | 0.73 | 1.18 | 1.20 | 1.56 | 2.04 | 2.91 | 2.64 | 2.66 | 2.45 | 2.75 | 2.48 | 2.92 | 3.14 | 3.75 | 4.03 | 4.87 |
| Retained Earnings | (35.71) | (35.59) | (34.67) | (33.36) | (31.45) | (30.78) | (30.36) | (30.02) | (27.27) | (26.41) | (26.26) | (25.60) | (25.20) | (24.64) | (23.15) | (22.19) | (20.94) |
| Total Stockholder Equity | 6.93 | 7.05 | 6.00 | 5.45 | 5.59 | 4.48 | 3.61 | 3.70 | 6.16 | 6.59 | 6.52 | 6.80 | 6.15 | 6.21 | 5.81 | 5.35 | 5.74 |
* 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 | 0.71 | 0.74 | 0.77 | 0.71 | 0.68 | 0.72 | 0.68 | 0.76 | 0.74 | 0.81 | -- | 0.91 | 0.99 | 1.00 | 1.03 | 0.99 | 0.99 | 1.03 | 1.25 | 1.14 |
| Cost of Revenue* | 0.38 | 0.37 | 0.42 | 0.45 | 0.50 | 0.58 | 0.52 | 0.63 | 0.50 | 0.60 | 0.56 | 0.67 | 0.62 | 0.69 | -- | (0.01) | 0.62 | 0.70 | -- | -- |
| Gross Profit* | 0.33 | 0.37 | 0.35 | 0.25 | 0.18 | 0.14 | 0.16 | 0.13 | 0.25 | 0.21 | 0.35 | 0.29 | 0.70 | 0.31 | -- | 1.00 | 0.37 | 0.33 | -- | -- |
| Selling, General & Admin | 0.19 | 0.21 | 0.27 | 0.20 | 0.21 | 0.18 | 0.23 | 0.20 | 0.17 | 0.16 | (1.12) | 1.10 | 0.52 | 0.71 | 0.68 | 0.83 | 0.93 | 1.10 | 1.48 | 1.38 |
| Total Operating Expenses* | 0.45 | 0.51 | 0.54 | 0.39 | 0.47 | 0.47 | 0.54 | 1.10 | 0.52 | 0.71 | 0.39 | 2.33 | 0.85 | 0.71 | 1.29 | 1.53 | 1.56 | 1.80 | 2.11 | 2.10 |
| Operating Income | (0.12) | (0.14) | (0.19) | (0.14) | (0.29) | (0.33) | (0.38) | (0.39) | (0.31) | (0.18) | (0.04) | (0.86) | (0.15) | (0.40) | (0.26) | (0.54) | (0.56) | (0.77) | (0.86) | (0.96) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.01 | -- | -- | -- | 0.03 | -- | -- | -- |
| Pretax Income | (0.12) | (0.17) | (0.75) | (1.31) | (1.91) | (0.48) | (0.20) | (0.42) | (0.34) | (0.18) | (2.57) | (0.86) | (0.15) | (0.40) | (0.26) | (0.40) | (0.56) | (0.63) | (0.86) | (0.96) |
| Net Income | (0.12) | (0.17) | (0.75) | (1.31) | (1.91) | (0.48) | (0.20) | (0.42) | (0.34) | (0.18) | (2.57) | (0.86) | (0.15) | (0.40) | (0.26) | (0.40) | (0.56) | (0.63) | (0.86) | (0.96) |
| Basic EPS | (1.35) | (0.16) | 0.25 | (0.15) | (0.46) | (0.25) | (0.11) | (0.27) | (0.26) | (0.14) | (3.77) | (0.05) | (0.01) | (0.03) | (0.01) | (0.03) | (0.05) | -- | -- | -- |
| Diluted EPS | (1.35) | (0.16) | 0.25 | (0.15) | (0.46) | (0.25) | (0.11) | (0.27) | (0.26) | (0.14) | (3.77) | (0.05) | (0.01) | (0.03) | (0.01) | (0.03) | (0.05) | (0.06) | -- | -- |
* Derived from reported values
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 | (0.01) | (0.25) | (0.13) | (0.36) | (0.65) | (0.40) | (0.13) | (0.36) | (0.53) | (0.06) | (0.10) | (0.37) | (0.35) | 0.02 | (0.11) | (0.39) | 0.02 | (0.06) | (0.33) | (0.26) |
| Capital Expenditures | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 |
| Free Cash Flow* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (0.26) |
| Investing Cash Flow | (0.07) | (0.07) | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Financing Cash Flow | 0.00 | 0.02 | 1.12 | 0.70 | (0.08) | 1.37 | 0.15 | 0.43 | 0.51 | 0.01 | (0.04) | 0.31 | 0.23 | (0.02) | 0.00 | 0.73 | -- | -- | 0.00 | 0.63 |
* Derived from reported values