Spectral Capital Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	2.71	2.09	0.11	0	0.01	0
Cash & Short-Term Investments	2.71	2.09	0.11	0	0.01	0
Cash Growth	12405.20%	1842.22%	44681.25%	-97.75%	3942.42%	-36.08%
Accounts Receivable	282.71	50.71	-	-	0.03	-
Other Receivables	1.36	2	-	-	-	-
Receivables	284.07	52.71	-	-	0.03	-
Prepaid Expenses	4.08	4.55	0.01	-	-	-
Restricted Cash	0.02	0.02	-	-	-	-
Other Current Assets	-	0.08	-	-	-	-
Total Current Assets	290.87	59.45	0.11	0	0.04	0
Property, Plant & Equipment	0.6	0.73	-	-	-	-
Goodwill	48.7	48.7	-	-	-	-
Other Intangible Assets	39.61	41.44	-	-	-	-
Other Long-Term Assets	0.42	0.43	-	-	-	-
Total Assets	380.19	150.75	0.11	0	0.04	0
Accounts Payable	275.27	43.7	0.48	0.29	0.22	0
Accrued Expenses	3.13	2.08	-	-	-	1.05
Short-Term Debt	13.75	20.67	0.55	0.04	0.01	0.21
Current Portion of Leases	0.06	0.07	-	-	-	-
Current Unearned Revenue	0.26	0.34	-	-	-	-
Other Current Liabilities	48.03	35.17	-	-	-	-
Total Current Liabilities	340.5	102.02	1.03	0.33	0.23	1.26
Long-Term Leases	0.08	0.1	-	-	-	-
Long-Term Deferred Tax Liabilities	4.47	4.47	-	-	-	-
Total Liabilities	345.05	106.59	1.03	0.33	0.23	1.26
Common Stock	1.14	3.42	0.01	0	0	0
Additional Paid-In Capital	76.99	74.24	33.63	30.95	29.11	27.8
Retained Earnings	-42.82	-33.42	-34.33	-31.06	-29.08	-28.84
Comprehensive Income & Other	0.05	0.13	-	-	-	-
Total Common Equity	35.36	44.38	-0.7	-0.11	0.03	-1.04
Minority Interest	-0.22	-0.22	-0.22	-0.22	-0.22	-0.22
Shareholders' Equity	35.14	44.15	-0.92	-0.33	-0.19	-1.26
Total Liabilities & Equity	380.19	150.75	0.11	0	0.04	0
Total Debt	13.89	20.84	0.55	0.04	0.01	0.21
Net Cash (Debt)	-11.19	-18.75	-0.44	-0.04	0.01	-0.21
Net Cash Per Share	-0.14	-0.25	-0.01	-0.00	0.00	-0.02
Filing Date Shares Outstanding	89.35	89.35	67.7	42.02	42.02	11.79
Total Common Shares Outstanding	89.35	88.25	67.7	42.02	42.02	11.79
Working Capital	-49.63	-42.57	-0.92	-0.33	-0.19	-1.26
Book Value Per Share	0.40	0.50	-0.01	-0.00	0.00	-0.09
Tangible Book Value	-52.95	-45.76	-0.7	-0.11	0.03	-1.04
Tangible Book Value Per Share	-0.59	-0.52	-0.01	-0.00	0.00	-0.09
Machinery	-	0.15	-	-	-	-
Construction In Progress	-	0.44	-	-	-	-
Leasehold Improvements	-	0.01	-	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.