Financial Statements — ZVRA
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 | 145.32 | 95.60 | 54.44 | 47.71 | 37.34 | 54.04 | 39.26 | 42.85 | 43.27 | 66.20 | 40.18 | 70.06 | 76.78 | 100.24 | 131.50 | 132.29 | 75.92 |
| Short-term Investments | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 5.83 | 4.20 | 1.34 | -- | -- | -- |
| Accounts Receivable | -- | -- | -- | -- | -- | -- | -- | -- | 3.10 | 1.30 | -- | -- | -- | -- | -- | -- | -- |
| Inventory | 2.45 | 2.31 | 1.37 | 1.11 | 2.56 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Assets | 251.30 | 229.97 | 225.12 | 226.34 | 81.57 | 99.44 | 60.89 | 62.89 | 137.01 | 103.43 | 104.28 | 85.13 | 87.44 | 105.78 | 134.63 | 136.18 | 87.73 |
| Property, Plant & Equipment | 0.64 | 0.43 | 0.49 | 0.60 | 0.42 | 0.61 | 0.68 | 0.70 | 0.64 | 0.69 | 0.74 | 0.85 | 0.90 | 0.84 | 0.93 | 0.99 | 0.98 |
| Goodwill | 4.70 | 4.70 | 4.70 | 4.70 | 4.70 | 4.70 | 4.70 | 4.70 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Intangible Assets | 5.79 | 6.11 | 6.74 | 7.05 | 67.38 | 70.61 | 66.15 | 67.70 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Assets* | 51.41 | 48.61 | 45.00 | 29.94 | 91.14 | 92.11 | 83.52 | 88.39 | 1.97 | 2.09 | 2.32 | 34.42 | 36.82 | 19.93 | 2.56 | 2.62 | 2.71 |
| Total Assets | 302.71 | 278.58 | 270.12 | 256.28 | 172.71 | 191.55 | 144.41 | 151.28 | 138.98 | 105.52 | 106.60 | 119.55 | 124.26 | 125.71 | 137.19 | 138.80 | 90.44 |
| Accounts Payable | 13.96 | 11.69 | 11.07 | 15.84 | 17.82 | 24.46 | 20.45 | 22.79 | 13.08 | 10.51 | 10.10 | 4.28 | 3.60 | 2.58 | 2.09 | 2.97 | 2.86 |
| Total Current Liabilities | 48.63 | 47.03 | 26.11 | 28.83 | 26.98 | 34.48 | 30.45 | 29.91 | 21.71 | 18.25 | 15.62 | 8.43 | 7.16 | 2.95 | 3.70 | 5.96 | 4.24 |
| Long-term Debt | 0.00 | 61.93 | 61.31 | 60.69 | 60.09 | 58.90 | 58.33 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 36.43 | 25.75 | 110.84 | 110.22 | 104.71 | 87.30 | 81.48 | 72.56 | 49.80 | 18.77 | 19.58 | 17.33 | 17.87 | 1.26 | 1.75 | 2.17 | 1.95 |
| Total Liabilities | 85.06 | 72.78 | 136.95 | 139.05 | 131.69 | 121.78 | 111.93 | 102.47 | 71.51 | 37.02 | 35.19 | 25.76 | 25.03 | 4.21 | 5.45 | 8.13 | 6.18 |
| Retained Earnings | (375.42) | (384.17) | (434.22) | (433.68) | (508.39) | (469.55) | (436.32) | (416.40) | (339.47) | (325.42) | (320.34) | (299.55) | (292.93) | (268.89) | (264.33) | (262.57) | (268.77) |
| Total Stockholder Equity | 217.65 | 205.80 | 133.17 | 117.23 | 41.02 | 69.77 | 32.48 | 48.82 | 67.47 | 68.50 | 71.40 | 93.79 | 99.23 | 121.50 | 131.74 | 130.66 | 84.25 |
* 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 | 39.66 | 36.22 | 34.13 | 26.06 | 25.88 | 20.40 | 12.04 | 3.70 | 4.45 | 3.43 | 13.22 | 2.90 | 8.47 | 2.88 | 2.32 | 2.87 | 1.30 | 3.97 | 2.58 | 1.97 |
| Cost of Revenue* | -- | -- | -- | -- | -- | -- | -- | 0.94 | -- | -- | 2.00 | 0.14 | 0.68 | 0.13 | 0.14 | 0.14 | 0.05 | 0.01 | 0.06 | 0.00 |
| Gross Profit | -- | -- | -- | -- | -- | -- | -- | 2.75 | -- | -- | 11.22 | 8.09 | 7.79 | 2.75 | 2.18 | 2.73 | 1.25 | 3.96 | 2.52 | 1.97 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 3.08 | 2.81 | 2.24 |
| Selling, General & Admin | 16.56 | 20.78 | 20.35 | 16.93 | 20.78 | 19.55 | 16.13 | 16.21 | 12.60 | 9.93 | 14.66 | 5.82 | 7.01 | 6.83 | 5.08 | 3.97 | 3.56 | 2.73 | 2.56 | 1.95 |
| Total Operating Expenses | -- | -- | -- | -- | -- | -- | -- | 18.11 | -- | -- | 25.89 | 16.40 | 14.44 | 15.68 | 11.43 | 9.36 | 26.02 | 5.82 | 5.37 | 4.19 |
| Operating Income | 16.78 | 52.15 | 9.32 | 4.14 | (71.04) | (5.36) | (15.42) | (27.31) | (23.79) | (20.49) | (14.67) | (15.36) | (6.64) | (12.92) | (9.25) | (6.63) | (24.77) | (1.86) | (2.84) | (2.22) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.74 | 0.76 | 0.37 | 0.20 | 0.18 | 0.17 | 0.12 | 0.04 | 0.01 | 0.01 | 0.01 |
| Pretax Income | 12.79 | 44.80 | 12.67 | (0.98) | 76.91 | (1.92) | (20.37) | (33.22) | (19.85) | (16.69) | (15.15) | (13.87) | (5.16) | (11.87) | (9.05) | (6.65) | (24.76) | (1.87) | (2.67) | (1.76) |
| Tax Provision | 4.04 | 6.91 | 0.50 | (0.43) | 2.20 | 1.18 | 15.37 | 0.00 | 0.07 | (0.07) | 0.00 | 0.18 | (0.07) | (0.10) | (0.03) | (0.03) | (0.71) | -0.00 | 0.03 | 0.00 |
| Net Income | 8.75 | 37.89 | 12.17 | (0.54) | 74.71 | (3.10) | (35.74) | (33.22) | (19.92) | (16.62) | (15.15) | (14.04) | (5.08) | (11.77) | (9.02) | (6.62) | (24.04) | (1.86) | (2.70) | (1.76) |
| Basic EPS | 0.14 | 0.62 | 0.23 | (0.01) | 1.24 | (0.06) | (0.71) | (0.69) | (0.48) | (0.40) | (0.41) | (0.40) | (0.15) | (0.34) | (0.26) | (0.19) | (0.70) | (0.05) | (1.12) | (0.05) |
| Diluted EPS | 0.14 | 0.60 | 0.19 | (0.01) | 1.21 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 0.84 | (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 | 17.03 | 6.14 | 5.52 | 4.71 | (3.60) | (8.22) | (16.25) | (18.14) | (19.11) | (16.16) | (16.16) | (4.63) | (8.70) | (4.04) | (4.46) | (6.60) | (4.17) | (3.48) | (0.85) | (2.73) |
| Capital Expenditures | 0.22 | 0.04 | (0.03) | 0.55 | 0.21 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.07 | 0.17 | 0.02 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.00 |
| Free Cash Flow* | 16.82 | 6.11 | 5.55 | 4.16 | (3.81) | (8.32) | (16.25) | (18.14) | (19.11) | (16.16) | (16.23) | (4.80) | (8.73) | (4.07) | (4.50) | (6.63) | (4.19) | (3.50) | (0.86) | (2.73) |
| Investing Cash Flow | 31.45 | 79.62 | 0.23 | (4.58) | 11.93 | 10.54 | (5.47) | (31.35) | (0.13) | 14.79 | 10.59 | (44.46) | 34.04 | (17.55) | (0.06) | 0.27 | (33.08) | (3.85) | (15.44) | -0.00 |
| Financing Cash Flow | 1.59 | (52.80) | 2.55 | 6.53 | 1.38 | 1.61 | 0.80 | 64.77 | 15.33 | 1.22 | 5.00 | 26.26 | 0.95 | (3.75) | (0.26) | (0.41) | 13.82 | (4.80) | (2.87) | 1.94 |
* Derived from reported values