Financial Statements — ZVIA
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 |
|---|
| Cash & Equivalents | 28.47 | 26.59 | 26.03 | 26.30 | 27.72 | 32.69 | 28.94 | 28.72 | 38.54 | 47.03 | 55.96 | 49.24 | 49.65 | 28.82 | 78.72 | 6.38 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.00 | 0.00 | 30.00 | -- | -- |
| Accounts Receivable | 10.00 | 9.07 | 12.61 | 13.12 | 8.80 | 10.01 | 11.35 | 14.05 | 16.37 | 16.94 | 14.32 | 13.54 | 17.11 | 13.42 | 14.51 | 9.42 |
| Inventory | 17.52 | 15.23 | 14.13 | 15.74 | 17.11 | 20.69 | 22.25 | 30.62 | 49.40 | 37.60 | 28.95 | 37.28 | 33.92 | 32.42 | 24.93 | 22.54 |
| Total Current Assets | 58.60 | 52.67 | 54.51 | 56.91 | 56.33 | 66.06 | 65.50 | 77.35 | 107.22 | 105.69 | 103.44 | 103.41 | 102.77 | 107.13 | 123.26 | 44.32 |
| Property, Plant & Equipment | 0.82 | 0.89 | 0.87 | 1.00 | 1.08 | 1.49 | 1.71 | 1.90 | 2.47 | 2.87 | 2.66 | 4.93 | 4.71 | 4.07 | 2.74 | 2.65 |
| Intangible Assets | 0.11 | 0.12 | 0.15 | 0.05 | 0.11 | 0.28 | 0.36 | 0.44 | 0.93 | 1.08 | 1.22 | 0.59 | 0.64 | 0.69 | 0.79 | 0.84 |
| Total Non-current Assets* | 5.58 | 5.26 | 5.50 | 5.54 | 5.64 | 6.80 | 7.28 | 7.71 | 9.13 | 9.85 | 9.78 | 9.96 | 9.97 | 9.35 | 6.89 | 7.07 |
| Total Assets | 64.18 | 57.93 | 60.01 | 62.45 | 61.97 | 72.86 | 72.77 | 85.06 | 116.36 | 115.54 | 113.22 | 113.37 | 112.74 | 116.48 | 130.14 | 51.39 |
| Accounts Payable | 20.15 | 14.25 | 13.86 | 14.38 | 13.88 | 14.87 | 12.13 | 19.05 | 37.83 | 27.71 | 22.18 | 19.68 | 16.54 | 15.28 | 11.93 | 10.81 |
| Total Current Liabilities | 30.88 | 23.79 | 23.97 | 24.30 | 24.03 | 23.19 | 21.20 | 27.79 | 45.58 | 35.25 | 30.14 | 28.33 | 25.17 | 22.14 | 19.77 | 18.82 |
| Total Non-current Liabilities* | 0.00 | 0.00 | 0.25 | 0.46 | 0.64 | 0.95 | 1.06 | 1.22 | 1.52 | 1.67 | 1.81 | 0.19 | 0.37 | 0.48 | 0.00 | 0.01 |
| Total Liabilities | 30.88 | 23.79 | 24.21 | 24.76 | 24.67 | 24.14 | 22.25 | 29.01 | 47.10 | 36.92 | 31.95 | 28.52 | 25.54 | 22.62 | 19.77 | 18.83 |
| Retained Earnings | (136.33) | (133.53) | (129.95) | (127.26) | (126.57) | (115.58) | (113.05) | (107.16) | (94.08) | (85.86) | (81.93) | (75.46) | (67.97) | (56.88) | (25.82) | (200.95) |
| Total Stockholder Equity | 44.13 | 44.86 | 51.25 | 53.02 | 53.73 | 72.51 | 74.99 | 80.28 | 101.26 | 107.96 | 109.54 | 114.04 | 115.33 | 122.44 | 117.05 | (199.90) |
* 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 | 45.00 | 46.09 | 37.87 | 40.84 | 44.52 | 38.02 | 39.46 | 36.37 | 40.43 | 38.80 | 37.79 | 43.09 | 42.24 | 43.30 | 35.37 | 44.24 | 45.54 | 38.03 | 34.17 | 38.96 |
| Cost of Revenue | 22.98 | 23.80 | 19.79 | 22.23 | 22.83 | 18.99 | 20.04 | 18.52 | 23.48 | 21.08 | 22.41 | 23.52 | 22.55 | 23.20 | 16.51 | 25.07 | 28.17 | 23.41 | 20.39 | 21.95 |
| Gross Profit | 22.03 | 22.29 | 18.08 | 18.62 | 21.69 | 19.04 | 19.42 | 17.85 | 16.94 | 17.72 | 15.39 | 19.57 | 19.69 | 20.11 | 18.86 | 19.17 | 17.37 | 14.62 | 13.78 | 17.00 |
| Selling, General & Admin | 8.55 | 9.07 | 7.29 | 7.67 | 8.08 | 6.98 | 6.84 | 7.38 | 7.69 | 8.12 | 8.39 | 8.25 | 6.21 | 8.65 | 8.54 | 8.31 | 9.82 | 10.13 | 8.16 | 7.70 |
| Total Operating Expenses | 24.91 | 24.66 | 19.59 | 21.49 | 22.71 | 25.42 | 25.76 | 20.81 | 24.01 | 25.00 | 24.28 | 30.99 | 25.07 | 23.36 | 25.21 | 28.39 | 32.12 | 32.18 | 51.25 | 66.50 |
| Operating Income | (2.89) | (2.37) | (1.51) | (2.87) | (1.02) | (6.39) | (6.34) | (2.96) | (7.07) | (7.28) | (8.89) | (11.42) | (5.38) | (3.25) | (6.35) | (9.22) | (14.74) | (17.55) | (37.46) | (49.50) |
| Pretax Income | (2.90) | (2.33) | (1.27) | (2.88) | (0.63) | (6.33) | (6.76) | (2.85) | (6.93) | (7.19) | (9.13) | (11.25) | (4.97) | (2.91) | (6.13) | (9.19) | (14.79) | (17.47) | (37.42) | (49.71) |
| Tax Provision | 0.01 | 0.04 | 0.03 | (0.03) | 0.02 | 0.04 | 0.02 | -0.00 | 0.03 | 0.01 | 0.09 | -0.00 | (0.04) | -0.00 | 0.04 | 0.00 | 0.01 | 0.01 | 0.02 | (0.05) |
| Net Income | (2.81) | (2.27) | (1.31) | (2.69) | (0.65) | (6.37) | (6.78) | (2.84) | (6.96) | (7.20) | (9.15) | (11.25) | (5.01) | (2.91) | (6.17) | (9.20) | (14.80) | (17.48) | (37.40) | (49.76) |
| Basic EPS | (0.04) | (0.03) | (0.02) | (0.04) | (0.01) | (0.08) | (0.10) | (0.04) | (0.10) | (0.10) | (0.14) | (0.16) | (0.08) | (0.03) | (0.06) | (0.17) | (0.28) | (0.30) | (0.58) | (0.75) |
| Diluted EPS | (0.04) | (0.03) | (0.02) | (0.04) | (0.01) | (0.08) | (0.10) | (0.04) | (0.10) | (0.10) | (0.13) | (0.16) | (0.08) | (0.04) | (0.06) | (0.17) | (0.28) | (0.30) | (0.58) | (0.75) |
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 | 2.31 | 1.64 | (0.51) | 0.12 | (1.39) | (2.92) | (1.99) | 3.89 | 0.28 | (3.20) | (6.61) | (10.74) | (8.33) | 9.40 | (1.43) | 0.21 | (8.15) | (11.40) | (4.71) | (13.06) |
| Capital Expenditures | 0.12 | 0.27 | 0.08 | 0.23 | -- | -- | -- | -- | -- | -- | -- | -- | 0.67 | 0.86 | 0.41 | 0.63 | 0.99 | 0.56 | 0.84 | 0.28 |
| Free Cash Flow* | 2.19 | 1.37 | (0.59) | (0.11) | -- | -- | -- | -- | -- | -- | -- | -- | (9.00) | 8.54 | (1.84) | (0.42) | (9.15) | (11.96) | (5.55) | (13.33) |
| Investing Cash Flow | (0.12) | (0.27) | (0.08) | (0.18) | (0.03) | (0.01) | (0.04) | (0.14) | (0.06) | (0.03) | 0.02 | 2.25 | (0.60) | (0.86) | (0.41) | (0.62) | 29.01 | (0.56) | (30.83) | (0.28) |
| Financing Cash Flow | (0.31) | (0.13) | (0.09) | (0.21) | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.01 | 0.01 | (0.02) | (2.33) | (0.06) | 85.67 |
* Derived from reported values
