SERV: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	3m	2m
Cost of revenue	18m	2m
Gross profit	−15m	−75,000
Research and development	45m	24m
Selling, general and administrative	37m	10m
Operating expenses	97m	38m
Operating income	−113m	−38m
Pre-tax income	−105m	−39m
Income tax	−4m	0
Net income	−101m	−39m
Earnings per share	−1.63	−1.07
Earnings per share, diluted	−1.63	−1.07
Weighted average shares	62m	37m
Weighted average shares, diluted	62m	37m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	47m	106m	117m	117m	198m	123m	51m	29m
Receivables	4m	851,000	805,000	656,000	381,455	87,000	13,099	93,132
Inventory	—	0	0	0	0	310,000	327,363	709,289
Current assets	201m	241m	220m	187m	200m	125m	55m	31m
Property, plant and equipment	57m	47m	30m	19m	14m	12m	5m	819,244
Goodwill	28m	16m	12m	5m	—	0	—	—
Total assets	341m	368m	299m	214m	217m	140m	61m	33m
Current liabilities	20m	13m	13m	6m	5m	7m	5m	4m
Total liabilities	23m	17m	15m	7m	6m	8m	5m	4m
Equity	318m	351m	284m	207m	210m	132m	56m	28m
Shares outstanding	76m	75m	68m	59m	57m	51m	43m	37m
Shares issued	76m	75m	68m	59m	57m	51m	43m	37m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	−80m	−22m
Depreciation and amortisation	8m	310,000
Share-based compensation	21m	15m
Capital expenditure	37m	10m
Investing cash flow	−198m	−10m
Financing cash flow	261m	155m