Tantalus Systems Holding 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	31.94	12.62	13.22	5.15	5.85	14.2
Cash & Short-Term Investments	31.94	12.62	13.22	5.15	5.85	14.2
Cash Growth	100.39%	-4.55%	156.50%	-11.92%	-58.81%	205.61%
Accounts Receivable	8.45	9.87	10.01	7.87	9.04	5.34
Other Receivables	-	-	-	-	0	0.05
Receivables	8.45	9.87	10.01	7.87	9.04	5.4
Inventory	7.4	7.95	4.83	6.63	5.69	5.69
Prepaid Expenses	1.81	2	1.83	1.47	1.53	1.14
Restricted Cash	-	-	-	0.67	0.67	-
Total Current Assets	49.59	32.45	29.89	21.8	22.79	26.43
Property, Plant & Equipment	3.23	2.62	2.77	3.34	4.14	4.44
Goodwill	3.45	3.45	3.45	3.45	3.45	-
Other Intangible Assets	4.48	4.67	5.44	6.21	6.98	0.16
Total Assets	60.75	43.19	41.55	34.8	37.36	31.03
Accounts Payable	9.65	11.64	7.99	7.8	7.3	4.82
Accrued Expenses	6.04	5.73	6.19	5.25	3.2	2.8
Short-Term Debt	-	-	3.68	8.5	8.1	8.1
Current Portion of Long-Term Debt	1.6	1.6	1.54	-	1.1	-
Current Portion of Leases	0.88	0.75	0.84	0.86	0.86	0.73
Current Unearned Revenue	11.75	8.21	6.06	4.18	4.62	3.15
Other Current Liabilities	1.05	1.09	1.46	0.68	4.32	1.36
Total Current Liabilities	30.97	29	27.74	27.27	29.5	20.95
Long-Term Debt	4.77	5.17	5.37	2.89	1.16	-
Long-Term Leases	1.45	0.98	1.39	2.12	2.62	3.28
Long-Term Unearned Revenue	0.01	0.01	0.1	0.2	0.5	-
Other Long-Term Liabilities	0.61	0.53	-	-	-	-
Total Liabilities	37.81	35.69	34.61	32.48	33.78	24.24
Common Stock	111.47	95.61	94.58	88.14	88.14	86.93
Retained Earnings	-133.22	-132.82	-131.82	-129.2	-127.51	-122.31
Comprehensive Income & Other	44.69	44.71	44.18	43.37	42.95	42.17
Shareholders' Equity	22.94	7.5	6.94	2.32	3.58	6.79
Total Liabilities & Equity	60.75	43.19	41.55	34.8	37.36	31.03
Total Debt	8.69	8.49	12.82	14.37	13.84	12.11
Net Cash (Debt)	23.25	4.13	0.4	-9.21	-7.99	2.1
Net Cash Growth	582.33%	938.44%	-	-	-	-
Net Cash Per Share	0.45	0.08	0.01	-0.21	-0.18	0.05
Filing Date Shares Outstanding	56.28	56.01	50.85	44.6	44.6	44.5
Total Common Shares Outstanding	56.09	51.71	50.85	44.6	44.6	43.63
Working Capital	18.62	3.44	2.15	-5.47	-6.7	5.47
Book Value Per Share	0.41	0.15	0.14	0.05	0.08	0.16
Tangible Book Value	15.01	-0.62	-1.95	-7.34	-6.85	6.63
Tangible Book Value Per Share	0.27	-0.01	-0.04	-0.16	-0.15	0.15
Machinery	-	10.31	9.67	9.51	9.24	9.07
Leasehold Improvements	-	2	1.88	1.64	1.64	1.62

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