Financial Statements — XLO
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 136.04 | 150.33 | 103.76 | 121.55 | 89.07 | 61.26 | 74.95 | 33.98 | 59.77 | 75.38 | 93.27 | 139.14 | 159.41 | 176.96 | 99.77 |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | 30.00 | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 145.47 | 154.21 | 124.09 | 123.72 | 93.20 | 63.31 | 78.01 | 69.19 | 64.48 | 78.43 | 96.98 | 142.31 | 163.01 | 181.09 | 105.57 |
| Property, Plant & Equipment | 3.36 | 3.68 | 3.68 | 4.02 | 4.29 | 4.85 | 5.14 | 5.54 | 6.37 | 6.80 | 7.25 | 7.55 | 7.44 | 7.47 | 7.11 |
| Total Non-current Assets* | 8.79 | 9.28 | 9.61 | 10.10 | 10.52 | 11.35 | 11.87 | 13.42 | 13.36 | 13.93 | 14.53 | 15.10 | 15.12 | 15.27 | 15.15 |
| Total Assets | 154.25 | 163.49 | 133.69 | 133.81 | 103.72 | 74.66 | 89.87 | 82.61 | 77.84 | 92.36 | 111.51 | 157.41 | 178.13 | 196.35 | 120.73 |
| Accounts Payable | 2.32 | 1.06 | 2.30 | 4.10 | 2.28 | 0.97 | 1.26 | 0.75 | 1.49 | 0.95 | 2.01 | 1.81 | 1.41 | 2.32 | 3.82 |
| Total Current Liabilities | 34.20 | 42.96 | 56.40 | 53.26 | 47.64 | 38.02 | 38.64 | 31.58 | 16.93 | 16.29 | 16.19 | 16.84 | 17.77 | 12.23 | 12.87 |
| Total Non-current Liabilities* | 47.79 | 47.98 | 85.39 | 73.48 | 45.38 | 15.66 | 17.82 | 25.26 | 8.41 | 8.69 | 10.52 | 14.27 | 16.14 | 18.01 | 21.42 |
| Total Liabilities | 81.99 | 90.94 | 141.79 | 126.74 | 93.02 | 53.68 | 56.46 | 56.84 | 25.34 | 24.98 | 26.71 | 31.12 | 33.91 | 30.23 | 34.29 |
| Retained Earnings | (434.69) | (428.32) | (429.15) | (412.86) | (397.02) | (370.66) | (356.64) | (342.71) | (307.86) | (291.11) | (271.75) | (226.64) | (206.85) | (182.24) | (141.18) |
| Total Stockholder Equity | 72.26 | 72.55 | (8.10) | 7.07 | 10.70 | 20.97 | 33.42 | 25.77 | 52.50 | 67.38 | 84.79 | 126.30 | 144.22 | 166.12 | (136.46) |
* 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 | 18.69 | 12.65 | 13.69 | 19.07 | 8.08 | 2.93 | 1.72 | 2.26 | 2.36 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Research & Development | 14.56 | 19.83 | 18.12 | 14.32 | 15.33 | 8.27 | 8.84 | 10.76 | 11.22 | 10.40 | 11.74 | 11.05 | 13.22 | 16.13 | 15.00 | 13.04 | 16.25 | 14.92 | 11.35 | 10.47 |
| Selling, General & Admin | 7.62 | 6.93 | 7.40 | 6.67 | 7.12 | 8.52 | 6.52 | 6.31 | 5.82 | 6.14 | 6.39 | 6.31 | 6.90 | 7.40 | 8.17 | 7.17 | 8.31 | 6.30 | 8.20 | 5.49 |
| Total Operating Expenses | 22.18 | 26.76 | 25.52 | 21.00 | 22.45 | 16.78 | 15.35 | 17.02 | 17.06 | 17.49 | 18.13 | 17.36 | 20.12 | 23.53 | 23.17 | 20.21 | 24.55 | 21.22 | 19.56 | 15.96 |
| Operating Income | (3.49) | (14.11) | (11.84) | (1.93) | (14.37) | (13.85) | (13.63) | (14.76) | (14.70) | (17.49) | (18.13) | (17.36) | (20.12) | (23.53) | (23.17) | (20.21) | (24.55) | (21.22) | (19.56) | (15.96) |
| Pretax Income* | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | (22.47) | (19.79) | (24.61) | (21.35) | (19.70) | (16.25) |
| Tax Provision | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (6.37) | (9.53) | 10.36 | (16.29) | (15.84) | (13.26) | (13.09) | (14.02) | (13.92) | (17.20) | (17.65) | (16.75) | (19.35) | (22.65) | (22.47) | (19.79) | (24.61) | (21.35) | (19.70) | (16.25) |
| Basic EPS | (0.33) | (0.58) | (3.74) | (0.11) | (0.16) | (0.18) | (0.01) | (0.22) | (0.24) | (0.62) | (0.64) | (0.61) | (0.70) | (0.83) | (0.82) | (0.72) | (0.90) | (0.78) | 62.66 | (21.27) |
| Diluted EPS | (0.33) | (0.58) | (3.74) | (0.11) | (0.16) | (0.18) | (0.01) | (0.22) | (0.24) | (0.62) | (0.64) | (0.61) | (0.70) | (0.83) | (0.82) | (0.72) | (0.90) | (0.78) | 62.66 | (21.27) |
* 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 | (18.76) | (22.34) | (2.00) | (17.49) | (14.48) | 28.98 | (14.16) | (13.67) | 19.95 | (10.50) | (13.43) | (13.37) | (16.57) | (25.25) | (18.22) | (19.91) | (16.76) | (20.83) | (17.16) | (63.59) |
| Capital Expenditures | 0.02 | 0.56 | 0.10 | 0.00 | 0.40 | 0.02 | 0.01 | 0.01 | 0.02 | -- | 0.00 | 0.00 | 0.32 | 0.17 | 0.51 | 0.33 | 0.77 | 0.25 | 0.38 | 0.72 |
| Free Cash Flow* | (18.78) | (22.90) | (2.09) | (17.49) | (14.88) | 28.96 | (14.16) | (13.68) | 19.93 | -- | (13.43) | (13.37) | (16.89) | (25.42) | (18.73) | (20.24) | (17.53) | (21.09) | (17.54) | (64.31) |
| Investing Cash Flow | (0.02) | (0.56) | (0.09) | 0.00 | (0.40) | (0.02) | (0.01) | (0.01) | (0.02) | -- | 0.00 | 0.00 | (0.32) | (0.17) | (0.51) | (0.33) | (0.77) | (0.25) | (0.38) | (0.72) |
| Financing Cash Flow | 4.49 | 35.71 | 35.87 | (0.28) | 47.36 | 4.83 | 8.20 | -0.00 | 20.04 | 0.95 | (1.63) | (2.24) | (0.99) | (1.69) | (0.02) | (0.02) | (0.02) | -0.00 | 115.83 | 144.84 |
* Derived from reported values