last updated Aug'26@ 89.4
FY: Apr–Mar@ 89.4
As of

Net revenue

7.9$ mn
YoY▲50.1%
AOP7.9−0.6%
VP8.1−2.4%

Product orders

3,58,593
YoY▲37.8%
AOP3,67,711−2.5%
VP3,74,321−4.2%

Average order value

18.4$
YoY▲6.2%
AOP18.1+1.6%
VP18.1+1.4%

CM2 margin

7.3%
YoY▲4.3pp
AOP6.4%+0.9pp
VP10.3%−3.0pp

Blended CAC

5.53$
YoY▼9.4%
AOP5.06+9.3%
VPNot reported

EBITDA margin

(0.7%)
YoY▲6.1pp
AOP(1.7%)+1.0pp
VP2.8%−3.5pp

Cash & runway

Cash balance20.3$mn−0.3/mo · avg of 3Runway74.7monthsat the current burn

Net revenue

7.9$ mn · Aug ’26
05$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’243.43.3—2.2
Oct ’243.93.6—2.3
Nov ’2443.8—2.4
Dec ’2443.8—2.5
Jan ’2543.8—2.5
Feb ’254.13.842.5
Mar ’254.54.34.52.8
Apr ’254.54.44.42.7
May ’254.74.54.62.8
Jun ’254.74.64.83.1
Jul ’254.94.853.1
Aug ’255.35.25.33.4
Sep ’255.65.35.53.4
Oct ’2565.863.9
Nov ’256.366.34
Dec ’256.366.34
Jan ’266.16.16.34
Feb ’266.15.96.34.1
Mar ’266.86.674.5
Apr ’266.66.86.84.5
May ’266.87.17.24.7
Jun ’267.17.37.34.7
Jul ’267.27.57.74.9
Aug ’267.97.98.15.3

Product sales

6.6$ mn · Aug ’26
0246$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’2432.9—1.9
Oct ’243.43.1—2
Nov ’243.53.3—2.2
Dec ’243.53.3—2.2
Jan ’253.53.3—2.2
Feb ’253.53.33.52.2
Mar ’253.93.73.92.5
Apr ’253.93.83.82.4
May ’2543.942.5
Jun ’254.144.12.7
Jul ’254.24.24.32.8
Aug ’254.54.44.52.9
Sep ’254.74.54.73
Oct ’255.14.95.13.4
Nov ’255.45.15.43.5
Dec ’255.45.15.33.5
Jan ’265.25.25.43.5
Feb ’265.255.33.5
Mar ’265.85.65.93.9
Apr ’265.65.85.83.9
May ’265.866.14
Jun ’2666.26.24.1
Jul ’2666.36.44.2
Aug ’266.66.76.84.5

Clinic & grooming revenue

0.9$ mn · Aug ’26
011$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’240.30.3—0.1
Oct ’240.30.3—0.2
Nov ’240.30.3—0.2
Dec ’240.30.3—0.2
Jan ’250.30.3—0.2
Feb ’250.40.30.40.2
Mar ’250.40.40.40.2
Apr ’250.40.40.40.2
May ’250.40.40.50.2
Jun ’250.40.40.50.2
Jul ’250.50.50.50.3
Aug ’250.50.50.60.3
Sep ’250.50.50.60.3
Oct ’250.60.60.60.3
Nov ’250.60.60.70.3
Dec ’250.60.60.70.3
Jan ’260.60.60.70.3
Feb ’260.60.60.70.4
Mar ’260.70.70.80.4
Apr ’260.70.70.80.4
May ’260.70.70.80.4
Jun ’260.80.80.90.4
Jul ’260.80.80.90.5
Aug ’260.90.910.5

Product orders

3,58,593orders · Aug ’26
02,00,0004,00,000ordersPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’241,80,8341,73,322—1,24,285
Oct ’242,05,2271,88,327—1,27,211
Nov ’242,08,6491,97,200—1,36,262
Dec ’242,03,2681,95,112—1,39,302
Jan ’252,04,9681,98,359—1,36,524
Feb ’252,09,0971,97,6072,06,8721,38,003
Mar ’252,27,3302,17,5682,28,5381,53,496
Apr ’252,30,9782,21,4252,25,0131,47,386
May ’252,35,2102,27,7172,33,2611,52,345
Jun ’252,40,5602,32,7102,39,8051,65,052
Jul ’252,41,3592,41,7692,49,1631,68,480
Aug ’252,60,1872,55,5402,61,8931,77,222
Sep ’252,71,9012,62,0062,69,1831,80,834
Oct ’252,95,9552,81,3702,93,2762,05,227
Nov ’253,08,0222,93,7173,05,7542,08,649
Dec ’253,00,5052,88,5553,02,9902,03,268
Jan ’262,93,1182,91,9453,05,1272,04,968
Feb ’262,95,1432,83,5662,99,6842,09,097
Mar ’263,24,8153,15,2803,32,1452,27,330
Apr ’263,09,6213,24,3353,23,4902,30,978
May ’263,23,0043,32,6103,38,3772,35,210
Jun ’263,37,8583,42,3203,42,8052,40,560
Jul ’263,32,4083,50,7043,57,1312,41,359
Aug ’263,58,5933,67,7113,74,3212,60,187

Average order value

18.4$ · Aug ’26
051015$PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’2416.616.6—15.5
Oct ’2416.616.7—15.8
Nov ’241716.7—15.9
Dec ’241716.8—15.9
Jan ’2516.916.9—16.1
Feb ’2516.816.816.916.1
Mar ’2517.2171716
Apr ’2517171716
May ’2517.217.217.116.3
Jun ’251717.217.216.4
Jul ’2517.417.217.216.4
Aug ’2517.317.317.316.5
Sep ’2517.417.317.416.6
Oct ’2517.317.417.416.6
Nov ’2517.417.517.517
Dec ’2517.817.617.617
Jan ’2617.717.617.716.9
Feb ’2617.517.817.716.8
Mar ’2617.917.817.817.2
Apr ’2617.917.817.917
May ’2617.91817.917.2
Jun ’2617.7181817
Jul ’2618.118.118.117.4
Aug ’2618.418.118.117.3

Gross profit

2.8$ mn · Aug ’26
0123$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’241.11—0.6
Oct ’241.21.2—0.7
Nov ’241.31.2—0.7
Dec ’241.31.2—0.8
Jan ’251.31.2—0.7
Feb ’251.31.21.30.8
Mar ’251.51.41.50.9
Apr ’251.51.51.50.8
May ’251.51.61.50.9
Jun ’251.61.61.61
Jul ’251.61.71.71
Aug ’251.71.81.81.1
Sep ’251.91.91.91.1
Oct ’25222.11.2
Nov ’252.12.12.21.3
Dec ’252.12.12.21.3
Jan ’262.12.22.31.3
Feb ’262.12.12.31.3
Mar ’262.42.42.51.5
Apr ’262.32.32.51.5
May ’262.42.42.71.5
Jun ’262.52.52.71.6
Jul ’262.52.62.91.6
Aug ’262.82.831.7

Gross margin

35.6%Aug ’26
0%10%20%30%%PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’2430.9%31.7%—29.6%
Oct ’2432.0%32.0%—30.0%
Nov ’2431.9%32.0%—29.8%
Dec ’2431.2%32.1%—30.3%
Jan ’2532.2%32.4%—30.0%
Feb ’2532.3%32.5%32.6%30.6%
Mar ’2532.5%32.8%32.7%30.4%
Apr ’2533.6%33.9%33.2%30.6%
May ’2532.7%34.5%33.4%31.9%
Jun ’2533.3%34.5%33.7%31.5%
Jul ’2533.0%34.7%34.1%30.5%
Aug ’2533.0%35.0%34.3%32.2%
Sep ’2533.8%34.9%34.7%30.9%
Oct ’2533.5%35.2%34.9%32.0%
Nov ’2534.1%35.4%35.1%31.9%
Dec ’2534.4%35.4%35.5%31.2%
Jan ’2634.8%35.7%35.6%32.2%
Feb ’2634.8%35.7%36.2%32.3%
Mar ’2634.7%36.1%36.2%32.5%
Apr ’2635.4%34.1%36.5%33.6%
May ’2634.8%34.2%37.0%32.7%
Jun ’2634.6%34.7%37.2%33.3%
Jul ’2634.7%34.9%37.4%33.0%
Aug ’2635.6%35.0%37.6%33.0%

CM1

1.3$ mn · Aug ’26
012$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’240.40.4—0.2
Oct ’240.50.4—0.2
Nov ’240.50.5—0.2
Dec ’240.40.5—0.3
Jan ’250.50.5—0.2
Feb ’250.50.50.50.3
Mar ’250.60.60.60.3
Apr ’250.60.60.60.3
May ’250.60.70.60.3
Jun ’250.60.70.70.4
Jul ’250.70.80.70.3
Aug ’250.70.80.80.4
Sep ’250.80.90.90.4
Oct ’250.80.910.5
Nov ’250.9110.5
Dec ’250.9110.4
Jan ’26111.10.5
Feb ’26111.10.5
Mar ’261.11.21.20.6
Apr ’261.111.20.6
May ’261.11.11.30.6
Jun ’261.11.11.40.6
Jul ’261.11.21.50.7
Aug ’261.31.31.60.7

CM1 margin

16.8%Aug ’26
0%10%20%%PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’2411.4%11.7%—8.9%
Oct ’2412.1%12.1%—9.7%
Nov ’2412.1%12.2%—9.7%
Dec ’2411.0%12.4%—10.4%
Jan ’2512.4%12.6%—9.7%
Feb ’2512.6%12.8%13.0%10.3%
Mar ’2513.2%13.1%13.1%10.6%
Apr ’2513.8%14.7%13.8%10.6%
May ’2513.1%15.3%14.0%11.7%
Jun ’2513.7%15.4%14.3%11.5%
Jul ’2513.6%15.7%14.8%10.6%
Aug ’2513.5%16.0%15.1%12.2%
Sep ’2514.5%16.0%15.7%11.4%
Oct ’2514.0%16.4%15.9%12.1%
Nov ’2514.8%16.6%16.2%12.1%
Dec ’2515.1%16.6%16.7%11.0%
Jan ’2615.8%17.0%16.9%12.4%
Feb ’2615.8%16.9%17.5%12.6%
Mar ’2615.8%17.5%17.6%13.2%
Apr ’2616.7%14.9%18.1%13.8%
May ’2615.6%15.0%18.6%13.1%
Jun ’2615.7%15.6%18.8%13.7%
Jul ’2615.8%15.8%19.2%13.6%
Aug ’2616.8%16.0%19.4%13.5%

CM2

0.6$ mn · Aug ’26
011$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’24(0)(0)—(0.1)
Oct ’2400—(0.1)
Nov ’2400—(0.1)
Dec ’24(0)0—(0.1)
Jan ’2500—(0.1)
Feb ’25000.1(0.1)
Mar ’250.10.10.1(0)
Apr ’250.10.20.1(0.1)
May ’250.10.20.1(0)
Jun ’250.10.20.2(0)
Jul ’250.10.20.2(0)
Aug ’250.20.30.20
Sep ’250.20.30.3(0)
Oct ’250.20.30.30
Nov ’250.30.40.40
Dec ’250.30.40.4(0)
Jan ’260.30.40.40
Feb ’260.30.40.50
Mar ’260.40.50.50.1
Apr ’260.40.30.60.1
May ’260.40.40.60.1
Jun ’260.40.40.70.1
Jul ’260.50.50.80.1
Aug ’260.60.50.80.2

CM2 margin

7.3%Aug ’26
0%5%10%%PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’24-0.2%-0.4%—-4.9%
Oct ’240.1%0.2%—-3.8%
Nov ’240.1%0.4%—-3.5%
Dec ’24-0.7%0.5%—-3.3%
Jan ’250.7%1.1%—-3.6%
Feb ’250.8%1.3%1.4%-3.0%
Mar ’252.2%1.9%1.7%-1.7%
Apr ’252.7%3.7%2.5%-2.8%
May ’251.9%4.5%2.9%-1.4%
Jun ’252.3%4.5%3.4%-0.9%
Jul ’252.7%5.0%4.0%-1.6%
Aug ’253.1%5.3%4.5%0.1%
Sep ’254.1%5.4%5.1%-0.2%
Oct ’252.9%6.0%5.5%0.1%
Nov ’254.3%6.5%5.9%0.1%
Dec ’254.5%6.3%6.6%-0.7%
Jan ’265.3%6.9%6.9%0.7%
Feb ’265.5%6.9%7.5%0.8%
Mar ’266.0%7.6%7.8%2.2%
Apr ’266.7%4.9%8.4%2.7%
May ’265.6%5.0%9.0%1.9%
Jun ’266.0%5.9%9.4%2.3%
Jul ’266.5%6.1%9.9%2.7%
Aug ’267.3%6.4%10.3%3.1%

Performance marketing

0.7$ mn · Aug ’26
01$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’240.40.4—0.3
Oct ’240.50.4—0.3
Nov ’240.50.4—0.3
Dec ’240.50.4—0.3
Jan ’250.50.4—0.3
Feb ’250.50.40.50.3
Mar ’250.50.50.50.3
Apr ’250.50.50.50.4
May ’250.50.50.50.4
Jun ’250.50.50.50.4
Jul ’250.50.50.50.4
Aug ’250.60.60.60.4
Sep ’250.60.60.60.4
Oct ’250.70.60.60.5
Nov ’250.70.60.70.5
Dec ’250.70.60.60.5
Jan ’260.70.60.60.5
Feb ’260.60.60.60.5
Mar ’260.70.70.70.5
Apr ’260.70.70.70.5
May ’260.70.70.70.5
Jun ’260.70.70.70.5
Jul ’260.70.70.70.5
Aug ’260.70.80.70.6

Performance marketing (%)

9.5%Aug ’26
0%5%10%%PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’2411.6%12.1%—13.9%
Oct ’2411.9%12.0%—13.4%
Nov ’2412.0%11.8%—13.2%
Dec ’2411.7%11.8%—13.7%
Jan ’2511.7%11.5%—13.3%
Feb ’2511.8%11.5%11.5%13.2%
Mar ’2511.0%11.3%11.5%12.3%
Apr ’2511.2%11.1%11.3%13.4%
May ’2511.2%10.9%11.1%13.1%
Jun ’2511.4%10.9%11.0%12.3%
Jul ’2510.9%10.7%10.9%12.2%
Aug ’2510.5%10.7%10.7%12.1%
Sep ’2510.4%10.6%10.6%11.6%
Oct ’2511.1%10.4%10.4%11.9%
Nov ’2510.4%10.2%10.4%12.0%
Dec ’2510.6%10.3%10.2%11.7%
Jan ’2610.6%10.1%10.0%11.7%
Feb ’2610.3%10.0%10.0%11.8%
Mar ’269.8%9.9%9.8%11.0%
Apr ’2610.0%10.0%9.7%11.2%
May ’2610.0%10.0%9.6%11.2%
Jun ’269.7%9.8%9.4%11.4%
Jul ’269.3%9.7%9.3%10.9%
Aug ’269.5%9.6%9.1%10.5%

Blended CAC

5.5$ · Aug ’26
0246$PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPprior yrmonths
numbers
periodactualAOPprior yr
Sep ’246.366.6
Oct ’246.35.96.8
Nov ’2465.96.8
Dec ’246.25.86.7
Jan ’256.25.86.9
Feb ’256.15.76.2
Mar ’256.15.76.7
Apr ’2565.76.3
May ’256.15.66.6
Jun ’256.15.66.5
Jul ’2565.76.2
Aug ’256.15.56.3
Sep ’255.65.56.3
Oct ’256.15.46.3
Nov ’255.65.56
Dec ’255.65.36.2
Jan ’265.45.46.2
Feb ’265.75.36.1
Mar ’265.35.36.1
Apr ’265.55.36
May ’265.25.26.1
Jun ’265.65.26.1
Jul ’265.55.16
Aug ’265.55.16.1

Repeat orders

66.2%Aug ’26
0%20%40%60%%PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPprior yrmonths
numbers
periodactualAOPprior yr
Sep ’2461.3%63.1%59.1%
Oct ’2462.7%63.3%58.7%
Nov ’2462.5%63.7%60.0%
Dec ’2462.9%63.9%59.1%
Jan ’2561.6%63.9%60.7%
Feb ’2563.5%64.3%60.0%
Mar ’2562.8%64.4%61.2%
Apr ’2563.6%64.4%60.6%
May ’2563.3%65.0%60.8%
Jun ’2564.7%65.1%61.9%
Jul ’2564.3%65.3%61.8%
Aug ’2564.2%65.5%61.5%
Sep ’2564.0%65.7%61.3%
Oct ’2564.8%66.0%62.7%
Nov ’2564.3%66.4%62.5%
Dec ’2565.0%66.5%62.9%
Jan ’2665.9%66.8%61.6%
Feb ’2665.1%67.0%63.5%
Mar ’2666.3%67.4%62.8%
Apr ’2665.9%67.2%63.6%
May ’2665.6%67.6%63.3%
Jun ’2666.2%67.8%64.7%
Jul ’2667.5%68.0%64.3%
Aug ’2666.2%68.4%64.2%

EBITDA

(0.1)$ mn · Aug ’26
01$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’24(0.4)(0.4)—(0.4)
Oct ’24(0.4)(0.4)—(0.4)
Nov ’24(0.4)(0.4)—(0.4)
Dec ’24(0.5)(0.4)—(0.4)
Jan ’25(0.4)(0.4)—(0.4)
Feb ’25(0.4)(0.4)(0.4)(0.4)
Mar ’25(0.4)(0.4)(0.4)(0.4)
Apr ’25(0.4)(0.3)(0.3)(0.4)
May ’25(0.4)(0.3)(0.3)(0.4)
Jun ’25(0.4)(0.3)(0.3)(0.4)
Jul ’25(0.4)(0.2)(0.3)(0.4)
Aug ’25(0.4)(0.2)(0.3)(0.4)
Sep ’25(0.3)(0.2)(0.2)(0.4)
Oct ’25(0.4)(0.2)(0.2)(0.4)
Nov ’25(0.3)(0.1)(0.2)(0.4)
Dec ’25(0.3)(0.2)(0.1)(0.5)
Jan ’26(0.2)(0.1)(0.1)(0.4)
Feb ’26(0.2)(0.1)(0.1)(0.4)
Mar ’26(0.2)(0.1)(0)(0.4)
Apr ’26(0.1)(0.3)0(0.4)
May ’26(0.2)(0.3)0.1(0.4)
Jun ’26(0.2)(0.2)0.1(0.4)
Jul ’26(0.1)(0.2)0.2(0.4)
Aug ’26(0.1)(0.1)0.2(0.4)

EBITDA margin

-0.7%Aug ’26
-10%0%%PLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’24-12.2%-12.8%—-19.9%
Oct ’24-11.1%-11.5%—-18.3%
Nov ’24-11.0%-11.1%—-17.2%
Dec ’24-11.7%-11.0%—-17.3%
Jan ’25-10.4%-10.2%—-18.0%
Feb ’25-10.4%-10.2%-9.2%-17.2%
Mar ’25-8.2%-9.0%-8.4%-15.0%
Apr ’25-8.1%-6.9%-7.7%-16.3%
May ’25-8.4%-5.9%-7.1%-14.6%
Jun ’25-8.0%-5.8%-6.5%-13.7%
Jul ’25-7.3%-5.1%-5.6%-14.3%
Aug ’25-6.8%-4.4%-4.8%-11.9%
Sep ’25-5.5%-4.1%-4.0%-12.2%
Oct ’25-6.2%-3.2%-3.1%-11.1%
Nov ’25-4.2%-2.4%-2.6%-11.0%
Dec ’25-4.4%-2.8%-1.9%-11.7%
Jan ’26-3.8%-2.1%-1.6%-10.4%
Feb ’26-4.0%-2.3%-1.1%-10.4%
Mar ’26-2.5%-1.0%-0.2%-8.2%
Apr ’26-2.2%-3.9%0.2%-8.1%
May ’26-3.2%-3.5%1.0%-8.4%
Jun ’26-2.7%-2.6%1.5%-8.0%
Jul ’26-1.9%-2.2%2.2%-7.3%
Aug ’26-0.7%-1.7%2.8%-6.8%

PAT

(0.1)$ mn · Aug ’26
-101$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’24(0.5)(0.5)—(0.5)
Oct ’24(0.5)(0.5)—(0.5)
Nov ’24(0.5)(0.5)—(0.5)
Dec ’24(0.5)(0.5)—(0.5)
Jan ’25(0.5)(0.4)—(0.5)
Feb ’25(0.5)(0.4)(0.4)(0.5)
Mar ’25(0.4)(0.4)(0.4)(0.5)
Apr ’25(0.4)(0.4)(0.4)(0.5)
May ’25(0.5)(0.3)(0.4)(0.5)
Jun ’25(0.4)(0.3)(0.4)(0.5)
Jul ’25(0.4)(0.3)(0.3)(0.5)
Aug ’25(0.4)(0.3)(0.3)(0.5)
Sep ’25(0.4)(0.3)(0.3)(0.5)
Oct ’25(0.4)(0.2)(0.2)(0.5)
Nov ’25(0.3)(0.2)(0.2)(0.5)
Dec ’25(0.3)(0.2)(0.2)(0.5)
Jan ’26(0.3)(0.2)(0.2)(0.5)
Feb ’26(0.3)(0.2)(0.1)(0.5)
Mar ’26(0.2)(0.1)(0.1)(0.4)
Apr ’26(0.2)(0.3)(0.1)(0.4)
May ’26(0.3)(0.3)0(0.5)
Jun ’26(0.3)(0.3)0(0.4)
Jul ’26(0.2)(0.2)0.1(0.4)
Aug ’26(0.1)(0.2)0.2(0.4)

Cash balance

20.3$ mn · Aug ’26
02040$ mnPLAN →Sep ’24Feb ’25Jul ’25Dec ’25Aug ’26Feb ’27ActualAOPVPprior yrmonths
numbers
periodactualAOPVPprior yr
Sep ’242.52.5—7.9
Oct ’241.92—7.5
Nov ’241.31.5—7.1
Dec ’240.81—6.7
Jan ’250.40.6—6.2
Feb ’2526.72726.85.7
Mar ’2526.126.526.45.2
Apr ’2525.625.8264.7
May ’252525.425.64.3
Jun ’2524.425.125.23.8
Jul ’2523.924.824.83.4
Aug ’2523.524.524.52.9
Sep ’2523.224.224.22.5
Oct ’2522.823.923.91.9
Nov ’2522.623.723.71.3
Dec ’2522.323.423.40.8
Jan ’2621.923.223.30.4
Feb ’2621.62323.126.7
Mar ’2621.422.82326.1
Apr ’2621.321.122.925.6
May ’2621.120.722.925
Jun ’2620.820.422.824.4
Jul ’2620.620.122.923.9
Aug ’2620.319.92323.5

Net burn

(0.3)$ mn · Aug ’26
01020$ mnSep ’24Jan ’25May ’25Sep ’25Jan ’26Aug ’26Actualprior yrmonths
numbers
periodactualprior yr
Sep ’24(0.4)(0.4)
Oct ’24(0.6)(0.4)
Nov ’24(0.5)(0.4)
Dec ’24(0.5)(0.5)
Jan ’25(0.5)(0.4)
Feb ’2526.3(0.5)
Mar ’25(0.5)(0.5)
Apr ’25(0.6)(0.5)
May ’25(0.6)(0.4)
Jun ’25(0.5)(0.5)
Jul ’25(0.6)(0.4)
Aug ’25(0.4)(0.5)
Sep ’25(0.3)(0.4)
Oct ’25(0.4)(0.6)
Nov ’25(0.2)(0.5)
Dec ’25(0.3)(0.5)
Jan ’26(0.4)(0.5)
Feb ’26(0.3)26.3
Mar ’26(0.2)(0.5)
Apr ’26(0.1)(0.6)
May ’26(0.1)(0.6)
Jun ’26(0.3)(0.5)
Jul ’26(0.2)(0.6)
Aug ’26(0.3)(0.4)