Financial Statements — XENE
Balance Sheet
(in billions 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 | 0.12 | 0.55 | 0.10 | 0.14 | 0.12 | 0.09 | 0.14 | 0.06 | 0.10 | 0.06 | 0.07 | 0.10 | 0.37 | 0.12 | 0.09 | 0.08 | 0.09 |
| Short-term Investments | 0.81 | 0.55 | 0.36 | 0.35 | 0.43 | 0.57 | 0.58 | 0.64 | 0.43 | 0.48 | 0.46 | 0.53 | 0.42 | 0.42 | 0.16 | 0.18 | 0.19 |
| Accounts Receivable | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 |
| Total Current Assets | 0.95 | 1.11 | 0.48 | 0.50 | 0.57 | 0.66 | 0.73 | 0.71 | 0.53 | 0.54 | 0.53 | 0.65 | 0.79 | 0.55 | 0.26 | 0.27 | 0.28 |
| Property, Plant & Equipment | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets* | 0.35 | 0.28 | 0.13 | 0.17 | 0.18 | 0.18 | 0.16 | 0.21 | 0.14 | 0.14 | 0.19 | 0.13 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Assets | 1.30 | 1.39 | 0.61 | 0.67 | 0.74 | 0.84 | 0.88 | 0.92 | 0.67 | 0.68 | 0.72 | 0.78 | 0.81 | 0.56 | 0.26 | 0.27 | 0.29 |
| Accounts Payable | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.05 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Non-current Liabilities* | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Retained Earnings | (1.46) | (1.35) | (1.14) | (1.05) | (0.96) | (0.83) | (0.77) | (0.71) | (0.62) | (0.57) | (0.52) | (0.45) | (0.41) | (0.38) | (0.33) | (0.32) | (0.29) |
| Total Stockholder Equity | 1.24 | 1.34 | 0.56 | 0.63 | 0.70 | 0.80 | 0.84 | 0.89 | 0.64 | 0.65 | 0.69 | 0.75 | 0.79 | 0.54 | 0.25 | 0.26 | 0.28 |
* 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 | 0.00 | 7.50 | 0.00 | 0.00 | -- | -- | -- | -- | -- | 8.77 | 0.00 | 0.13 | 0.54 | 8.77 | 3.74 | 8.12 |
| Research & Development | 99.22 | 88.51 | 87.70 | 77.05 | 74.99 | 61.20 | 59.47 | 56.97 | 49.70 | 44.25 | 41.08 | 42.88 | 44.04 | 39.52 | 34.83 | 29.43 | 22.15 | 19.36 | 21.89 | 18.89 |
| Selling, General & Admin | 23.93 | 23.82 | 22.07 | 19.28 | 19.24 | 19.04 | 18.01 | 16.71 | 19.40 | 14.79 | 12.62 | 12.80 | 11.58 | 9.54 | 8.50 | 8.83 | 8.71 | 6.78 | 6.69 | 4.83 |
| Total Operating Expenses | 123.16 | 112.33 | 109.77 | 96.34 | 94.23 | 80.24 | 77.48 | 73.68 | 69.10 | 59.04 | 53.70 | 55.68 | 55.62 | 49.05 | 43.33 | 38.26 | 30.85 | 26.14 | 28.58 | 23.72 |
| Operating Income | (123.15) | (112.33) | (109.77) | (96.34) | (94.23) | (72.74) | (77.48) | (73.68) | (69.10) | (59.04) | (53.69) | (55.68) | (55.62) | (49.05) | (43.33) | (38.13) | (30.31) | (17.37) | (24.84) | (15.60) |
| Pretax Income | (111.32) | (104.87) | (104.72) | (90.22) | (85.33) | (64.62) | (69.53) | (63.11) | (58.26) | (47.52) | (44.95) | (48.62) | (47.68) | (41.44) | (36.26) | (37.74) | (31.20) | (20.06) | (25.08) | (15.65) |
| Tax Provision | (0.58) | (2.57) | 0.54 | 0.68 | (0.63) | 0.43 | (3.85) | (0.32) | (0.33) | 0.41 | (0.20) | (0.16) | (0.22) | 0.29 | 1.14 | (0.59) | (0.04) | (0.39) | 0.48 | (0.20) |
| Net Income | (110.74) | (102.30) | (105.26) | (90.90) | (84.71) | (65.05) | (65.68) | (62.79) | (57.92) | (47.93) | (44.74) | (48.46) | (47.46) | (41.73) | (37.40) | (37.15) | (31.16) | (19.67) | (25.56) | (15.44) |
| Basic EPS | (1.11) | (1.17) | (1.31) | (1.15) | (1.07) | (0.83) | (0.83) | (0.81) | (0.75) | (0.62) | (0.65) | (0.73) | (0.72) | (0.63) | (0.57) | (0.57) | (0.55) | -- | -- | -- |
| Diluted EPS | (1.11) | (1.17) | (1.31) | (1.15) | (1.07) | (0.83) | (0.83) | (0.81) | (0.75) | (0.62) | (0.65) | (0.73) | (0.72) | (0.63) | (0.57) | (0.57) | (0.55) | -- | -- | -- |
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 | (95.39) | (88.90) | (81.48) | (71.75) | (64.23) | (61.65) | (54.38) | (51.15) | (32.68) | (43.18) | (35.47) | (42.23) | (33.22) | (34.41) | (32.73) | (30.40) | (16.87) | (18.43) | (20.71) | (15.01) |
| Capital Expenditures | 0.28 | 0.13 | 0.32 | 0.28 | 0.16 | 0.04 | 0.78 | 0.59 | 1.51 | 0.19 | 0.08 | 1.20 | 2.13 | 2.21 | 1.75 | 0.39 | 0.54 | 0.21 | 0.51 | 0.22 |
| Free Cash Flow* | (95.66) | (89.03) | (81.80) | (72.03) | (64.39) | (61.69) | (55.17) | (51.74) | (34.19) | (43.37) | (35.54) | (43.43) | (35.35) | (36.62) | (34.48) | (30.79) | (17.41) | (18.64) | (21.22) | (15.23) |
| Investing Cash Flow | (331.24) | (407.28) | 62.70 | 38.53 | 82.26 | 34.51 | 98.50 | 1.98 | 110.72 | (46.20) | (239.73) | 48.03 | 27.90 | 46.62 | (14.33) | (234.10) | 1.32 | (48.89) | (215.43) | 15.58 |
| Financing Cash Flow | 0.03 | 843.01 | 113.54 | 2.36 | 0.07 | 1.15 | -- | -- | -- | -- | 324.01 | 29.51 | -- | -- | 0.01 | 0.70 | 269.89 | 7.88 | 323.95 | 4.76 |
* Derived from reported values
