Financial Statements — XBIT
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 | 109.53 | 115.46 | 147.37 | 152.94 | 155.90 | 183.12 | 188.53 | 201.04 | 202.19 | 143.39 | 152.48 | 160.57 | 225.79 | 231.82 | 238.88 | 315.26 | 239.88 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 61.38 | 60.18 | 59.53 | -- | -- | -- | -- | -- |
| Accounts Receivable | -- | -- | 0.45 | 0.48 | 0.48 | 0.73 | 0.87 | 0.87 | 0.88 | -- | -- | 1.53 | -- | 0.50 | 0.04 | 0.03 | 1.69 |
| Total Current Assets | 111.16 | 117.05 | 148.95 | 154.89 | 157.69 | 185.03 | 190.64 | 203.06 | 204.40 | 209.51 | 216.28 | 223.43 | 238.76 | 242.98 | 250.24 | 324.86 | 327.90 |
| Property, Plant & Equipment | 22.49 | 22.79 | 23.47 | 23.79 | 24.18 | 24.82 | 24.92 | 24.80 | 25.20 | 25.62 | 25.84 | 26.64 | 27.28 | 27.82 | 28.64 | 28.45 | 27.51 |
| Total Non-current Assets* | 22.49 | 22.79 | 23.47 | 23.79 | 24.18 | 24.82 | 24.92 | 24.80 | 25.20 | 25.62 | 25.84 | 27.41 | 27.70 | 27.82 | 29.28 | 29.09 | 28.04 |
| Total Assets | 133.65 | 139.84 | 172.42 | 178.68 | 181.86 | 209.85 | 215.56 | 227.86 | 229.60 | 235.14 | 242.12 | 250.83 | 266.46 | 270.80 | 279.52 | 353.96 | 355.94 |
| Accounts Payable | 1.11 | 0.86 | 1.04 | 1.43 | 1.10 | 1.51 | 1.70 | 2.61 | 1.47 | 1.82 | 1.36 | 1.38 | 2.45 | 1.32 | 1.01 | 1.49 | 1.24 |
| Total Current Liabilities | 3.35 | 3.00 | 3.57 | 3.86 | 5.41 | 15.99 | 17.14 | 16.88 | 5.29 | 4.45 | 3.62 | 3.58 | 8.24 | 2.89 | 3.86 | 3.89 | 2.72 |
| Total Non-current Liabilities* | 1.84 | 1.82 | 1.78 | 1.76 | 1.74 | 1.74 | 1.72 | 1.69 | 1.65 | 1.62 | 1.60 | 2.45 | 2.43 | 2.35 | 1.50 | 1.50 | 1.12 |
| Total Liabilities | 5.19 | 4.82 | 5.34 | 5.62 | 7.15 | 17.74 | 18.85 | 18.58 | 6.94 | 6.07 | 5.22 | 6.03 | 10.67 | 5.24 | 5.36 | 5.39 | 3.84 |
| Retained Earnings | (148.61) | (141.88) | (109.48) | (103.48) | (101.72) | (80.33) | (75.31) | (62.31) | (47.67) | (40.31) | (31.56) | (24.55) | (11.89) | (0.24) | 11.62 | 89.88 | 95.00 |
| Total Stockholder Equity | 128.46 | 135.02 | 167.08 | 173.06 | 174.71 | 192.12 | 196.70 | 209.28 | 222.66 | 229.06 | 236.91 | 244.81 | 255.80 | 265.56 | 274.16 | 348.56 | 352.10 |
* 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 | 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 | 0.00 | 0.00 | 0.00 | 0.30 | 1.68 | 1.53 | 0.50 | 4.50 | 4.52 |
| Cost of Revenue | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.22 | 0.21 | 0.21 | 1.05 | 1.11 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.28 | 1.47 | 1.32 | 0.29 | 3.45 | 3.41 |
| Research & Development | 5.30 | 5.21 | 25.36 | 5.08 | 5.34 | 11.62 | 7.82 | 7.13 | 12.98 | 9.82 | 7.81 | 7.55 | 11.27 | 6.23 | 7.32 | 7.01 | 10.39 | 6.82 | 8.78 | 5.60 |
| Selling, General & Admin | 0.85 | 1.07 | 4.40 | 0.97 | 1.00 | 1.93 | 0.93 | 0.78 | 1.98 | 1.03 | 0.78 | 0.97 | 1.99 | 0.92 | 1.13 | 0.84 | 3.02 | 1.31 | 1.87 | 1.54 |
| Total Operating Expenses | 6.15 | -- | 8.75 | 6.05 | 6.34 | 13.55 | -- | 7.90 | 14.97 | 10.85 | 8.59 | 8.52 | 13.26 | 7.15 | 8.45 | 7.85 | 13.42 | 8.13 | 10.65 | 7.14 |
| Operating Income | (6.15) | (6.27) | (29.75) | (6.05) | (6.34) | (13.55) | (8.75) | (7.90) | (14.97) | (10.85) | (8.59) | (8.52) | (13.26) | (7.14) | (8.16) | (6.39) | (12.09) | (7.84) | (7.19) | (3.73) |
| Pretax Income | (6.68) | (5.46) | (26.82) | (5.91) | (1.73) | (10.85) | (10.55) | (5.01) | (13.03) | (9.98) | (4.73) | (7.06) | (8.67) | (3.85) | (2.62) | (10.26) | (14.25) | (6.45) | (7.67) | (5.05) |
| Tax Provision | 0.05 | 0.05 | 0.08 | 0.10 | 0.03 | 0.03 | (0.04) | 0.01 | (0.02) | 0.03 | (0.10) | 0.31 | 0.07 | (0.04) | 0.58 | 2.40 | (2.61) | (1.06) | (1.20) | (1.79) |
| Net Income | (6.73) | (5.50) | (26.89) | (6.01) | (1.76) | (10.88) | (10.51) | (5.01) | (13.01) | (10.00) | (4.63) | (7.36) | (8.74) | (3.82) | (3.20) | (12.66) | (11.64) | (5.39) | (6.47) | (3.26) |
| Basic EPS | (0.22) | (0.18) | (0.87) | (0.20) | (0.06) | (0.36) | (0.34) | (0.16) | (0.43) | (0.33) | (0.15) | (0.24) | (0.29) | (0.13) | (0.10) | (0.42) | (0.38) | (0.18) | (0.21) | -- |
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 | (4.51) | (8.97) | (22.95) | (4.26) | (5.99) | (6.72) | (6.54) | (5.84) | (11.38) | (7.20) | (3.43) | (1.49) | (9.00) | (4.81) | 2.70 | (6.03) | (6.38) | (5.12) | (1.76) | (3.40) |
| Capital Expenditures | 0.00 | 0.00 | 0.03 | 0.11 | 0.05 | 0.09 | 0.08 | 0.34 | 0.63 | 0.26 | 0.12 | 0.03 | 0.21 | 0.01 | 0.13 | 0.21 | 0.08 | 0.16 | 0.48 | 0.70 |
| Free Cash Flow* | (4.51) | (8.97) | (22.99) | (4.37) | (6.04) | (6.81) | (6.62) | (6.18) | (12.00) | (7.46) | (3.55) | (1.52) | (9.20) | (4.81) | 2.57 | (6.24) | (6.46) | (5.28) | (2.23) | (4.10) |
| Investing Cash Flow | -0.00 | 0.01 | (0.03) | (0.11) | (0.05) | (0.09) | (0.08) | (0.34) | (0.63) | (0.25) | (0.11) | 61.83 | (0.21) | (0.01) | (3.91) | (59.74) | (0.08) | (0.16) | (0.48) | (0.70) |
| Financing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (10.25) | 0.28 | 0.06 | 0.05 | 10.06 | 0.00 | 0.01 | (0.01) | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | (72.04) |
* Derived from reported values
