Income statement waterfall. Green diagonal stripes add to the running result, red diagonal stripes subtract from it, and a thin axis line marks the loss-zone boundary.
- Revenue: $1.44M. Running result $1.44M. Revenue: $1.44M.
- Cost of revenue: −$284K. Running result $1.16M.
- Gross profit: $1.16M. Running result $1.16M.
- Research and development (includes $8,721 and $11,099 of share-based compensation expense for the three months ended June 30, 2026 and 2025, respectively): −$202.02M. Running result −$200.86M.
- General and administrative (includes $74,621 and $71,079 of share-based compensation expense for the three months ended June 30, 2026 and 2025, respectively): −$165.53M. Running result −$366.39M.
- Gain on litigation settlement: −$392K. Running result −$366.78M.
- Other operating benefit: $108K. Running result −$366.67M.
- Operating income: −$365.99M. Running result −$365.99M.
- Other income: $71.43M. Running result −$294.56M.
- Pre-tax loss: −$294.56M. Running result −$294.56M.
- Income tax benefit: $3.96M. Running result −$290.61M.
- Net loss: −$290.61M. Running result −$290.61M.
