Bullish Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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	86.61	87.89	31.54	112.9	1,384	1,235
Trading Asset Securities	-	404.14	86.17	1.1	-	-
Cash & Short-Term Investments	312.85	492.04	117.71	114	1,384	1,235
Cash Growth	-31.70%	318.00%	3.25%	-91.76%	12.05%	415.83%
Accounts Receivable	22.66	24.74	9.48	2.65	-	-
Other Receivables	23.76	3.82	3.11	4.17	3.87	0.01
Receivables	46.42	28.56	12.59	6.82	87.46	0.01
Inventory	139.13	206.18	573.88	-	1,658	6,157
Prepaid Expenses	14.1	18.94	8.62	9.48	6.74	5.54
Restricted Cash	69.83	36.88	22.28	14.86	13.49	12.68
Other Current Assets	2,360	3,021	2,177	1,561	227.99	33.56
Total Current Assets	2,942	3,804	2,912	1,706	3,378	7,444
Property, Plant & Equipment	27.54	28.37	14.12	13.86	17.32	8.27
Goodwill	62.65	63.06	61.48	40.24	-	-
Other Intangible Assets	29.98	31.1	33.3	34.94	1.34	1.34
Long-Term Accounts Receivable	0.3	0.74	0.82	-	-	-
Long-Term Deferred Tax Assets	2.82	2.87	2.09	3.7	5.18	1.82
Other Long-Term Assets	24.98	26.3	23.23	5.92	4.72	0.27
Total Assets	3,097	3,957	3,047	1,805	3,406	7,455

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Accounts Payable	-	-	-	-	7.72	58.01
Accrued Expenses	40.6	39.7	32.99	20.63	-	-
Short-Term Debt	0.01	49.98	25	-	-	-
Current Portion of Long-Term Debt	0.07	0.33	-	-	1,283	-
Current Portion of Leases	6.45	5.52	4.25	3.82	3.22	0.96
Current Income Taxes Payable	-	-	-	1.25	0.27	2.04
Current Unearned Revenue	12.35	10.56	9.5	4.57	-	-
Other Current Liabilities	65.59	23.82	13.31	7.48	217.99	111.41
Total Current Liabilities	125.05	129.91	85.05	37.74	1,512	172.42
Long-Term Debt	498.57	510.87	550.94	476.79	-	1,166
Long-Term Leases	13.06	14.38	10.76	7.67	10.91	5.54
Long-Term Deferred Tax Liabilities	0	0.02	0.01	0.03	0.04	0.01
Other Long-Term Liabilities	-	3	-	-	0.15	-
Total Liabilities	636.68	658.18	646.75	522.23	1,523	1,344

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Common Stock	0.3	5,110	3,822	3,787	3,787	3,787
Retained Earnings	-3,124	-2,668	-2,309	-2,667	-2,213	2,033
Comprehensive Income & Other	414.11	774.22	858.8	142.74	62.58	44.8
Total Common Equity	2,415	3,216	2,371	1,263	1,637	5,865
Minority Interest	45	82.14	10.98	0.85	-	-
Shareholders' Equity	2,460	3,298	2,401	1,282	1,883	6,111
Total Liabilities & Equity	3,097	3,957	3,047	1,805	3,406	7,455

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Total Debt	518.15	581.09	590.94	488.28	1,297	1,173
Net Cash (Debt)	-205.3	-89.05	-473.23	-374.28	86.49	61.95
Net Cash Growth	-	-	-	-	39.61%	-
Net Cash Per Share	-1.40	-0.70	-4.10	-3.06	0.77	0.55
Filing Date Shares Outstanding	151.68	150.3	113.21	112.5	112.5	112.5
Total Common Shares Outstanding	151.68	150.83	113.21	112.5	112.5	112.5
Working Capital	2,817	3,674	2,827	1,668	1,865	7,271
Book Value Per Share	15.92	21.32	20.94	11.23	14.55	52.13
Tangible Book Value	2,322	3,122	2,277	1,188	1,636	5,864
Tangible Book Value Per Share	15.31	20.70	20.11	10.56	14.54	52.12
Buildings	-	3.8	-	-	-	-
Machinery	-	9.27	5.11	4.73	3.96	1.38
Construction In Progress	-	1.87	-	-	-	-
Leasehold Improvements	-	1.78	1.72	1.71	1.34	0.69

SEC Filings: 10-K · 10-Q