BELITE BIO, INC

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Total revenue	0.00	0.00	0.00	0.00	0.00	0.00
Cost of revenue		0.00	0.00	0.00	0.00	0.00
Gross profit		0.00	0.00	0.00	0.00	0.00
Total operating expenses +	0.08	0.04	0.03	0.01	0.01	0.01
Selling, general and administrative	0.04	0.01	0.01	0.00	0.00	0.00
Research and development	0.05	0.03	0.02	0.01	0.01	0.00
Other operating expenses	0.00	0.00	0.00	0.00	0.00	0.00
Operating income	-0.08	-0.04	-0.03	-0.01	-0.01	-0.01
Non-operating income (net)	0.01	0.00	0.00	0.00	0.00	0.00
Income before tax	-0.08	-0.04	-0.03	-0.01	-0.01	-0.01
Income tax expense		0.00	0.00	0.00	0.00	0.00
Net income	-0.08	-0.04	-0.03	-0.01	-0.01	-0.01

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20
Total revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total operating expenses +	0.03	0.03	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, general and administrative	0.02	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Research and development	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other operating expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating income	-0.03	-0.03	-0.02	-0.02	-0.02	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Non-operating income (net)	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income before tax	-0.03	-0.03	-0.02	-0.02	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income tax expense									0.00	0.00	0.00	0.00	0.00	0.00	0.00				0.00	0.00	0.00	0.00
Net income	-0.03	-0.03	-0.02	-0.02	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Total cash and short-term investments +	0.49	0.15	0.09	0.04	0.02	0.03
Cash and cash equivalents	0.35	0.03	0.09	0.04	0.02	0.03
Short-term investments	0.14	0.11	0.00
Accounts receivable, net	0.00	0.00	0.00	0.00	0.00	0.00
Inventories				0.00
Other current assets	0.00	0.00	0.00	0.00	0.00	0.00
Total current assets	0.49	0.15	0.09	0.04	0.02	0.03
Total non-current assets +	0.29	0.01	0.00	0.00	0.00	0.00
Property, plant and equipment, net					0.00	0.00
Goodwill
Intangible assets	0.00	0.00	0.00	0.00
Long-term investments	0.28	0.00
Other non-current assets
Total assets	0.78	0.15	0.09	0.04	0.02	0.03

Total current liabilities +	0.01	0.01	0.00	0.00	0.00	0.00
Accounts payable
Short-term debt	0.00	0.00	0.00	0.00
Current portion of long-term debt
Deferred revenue
Other current liabilities	0.01	0.01	0.00	0.00	0.00	0.00
Total non-current liabilities +	0.00	0.00	0.00	0.00	0.03	0.03
Long-term debt
Capital lease obligations	0.00	0.00	0.00	0.00	0.00
Other non-current liabilities
Total liabilities	0.01	0.01	0.00	0.00	0.03	0.03

Total stockholders' equity +	0.77	0.15	0.09	0.04	-0.02	-0.01
Common stock and paid-in capital	0.96	0.25	0.16	0.08	0.01	0.01
Retained earnings	-0.19	-0.11	-0.07	-0.04	-0.03	-0.02
Common shares outstanding	34	31	27	20	24	9

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20
Total cash and short-term investments +	0.00	0.49	0.28	0.00	0.00	0.15	0.00	0.00	0.10	0.09	0.05	0.06	0.04	0.04	0.00	0.00	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.01	0.01
Cash and cash equivalents		0.35	0.16			0.03			0.10	0.09	0.05	0.06	0.04	0.04	0.00	0.00	-0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.01	0.01
Short-term investments		0.14	0.12			0.11				0.00							0.03
Accounts receivable, net		0.00	0.00			0.00				0.00		0.00	0.00	0.00				0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventories														0.00					0.00	0.00	0.00	0.00	0.00
Other current assets		0.00	0.00	0.15	0.16	0.00	0.11		0.02	0.00	0.00	0.06	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total current assets	0.52	0.49	0.28	0.15	0.16	0.15	0.11	0.11	0.11	0.09	0.06	0.06	0.04	0.04	0.00	0.05	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.01	0.01
Total non-current assets +	0.29	0.29	0.01	0.01	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Property, plant and equipment, net																		0.00	0.00	0.00	0.00
Goodwill
Intangible assets		0.00	0.00			0.00				0.00				0.00
Long-term investments		0.28				0.00
Other non-current assets
Total assets	0.81	0.78	0.28	0.16	0.16	0.15	0.12	0.12	0.12	0.09	0.06	0.06	0.04	0.04	0.04	0.05	0.02	0.02	0.02	0.02	0.02	0.03	0.03	0.01	0.01

Total current liabilities +		0.01	0.01	0.01	0.01	0.01	0.00		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts payable
Short-term debt		0.00	0.00			0.00				0.00				0.00
Current portion of long-term debt
Deferred revenue
Other current liabilities		0.01	0.01	0.01	0.01	0.01	0.00		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total non-current liabilities +		0.00	0.00			0.00			0.00	0.00	0.00	0.00	0.01	0.00		0.00		0.03	0.01	0.01	0.01	0.03	0.01	0.01	0.01
Long-term debt
Capital lease obligations		0.00	0.00			0.00				0.00				0.00
Other non-current liabilities																0.00
Total liabilities	0.02	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00		0.03	0.00	0.00	0.00	0.03	0.00	0.01	0.01

Total stockholders' equity +	0.80	0.77	0.27	0.15	0.16	0.15	0.11	0.11	0.11	0.09	0.05	0.06	0.04	0.04	0.00	0.05	0.02	-0.02	0.02	0.02	0.02	-0.01	0.02	0.00	0.00
Common stock and paid-in capital	0.80	0.96	0.43	0.15	0.16	0.25	0.11	0.11	0.11	0.16	0.05	0.06	0.04	0.08	0.00	0.05	0.02	0.01	0.04	0.04	0.04	0.01	0.04	0.00	0.00
Retained earnings		-0.19	-0.16			-0.11				-0.07		0.00	0.00	-0.04	0.00			-0.03	-0.03	-0.02	-0.02	-0.02	-0.02	0.00	0.00
Common shares outstanding	40	34	33	33	32	31	31	31	30	28	27	26	21	21	25	20	24	10	10	10	10	9	9	9	9

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Operating cash flow +	-0.04	-0.03	-0.03	-0.01	-0.01	0.00
Net income
Depreciation, depletion and amortization	0.00	0.00	0.00	0.00	0.00	0.00
Stock-based compensation	0.04	0.01	0.00	0.00	0.00	0.00
Change in inventory
Other working capital changes	-0.08	-0.04	-0.03	-0.01	-0.01	-0.01
Cash flow from investing +	-0.31	-0.11	0.00	0.00	0.00	0.00
Capital expenditures	0.00	0.00	0.00	0.00	0.00	0.00
Others incl. marketable securities changes	-0.30	-0.11	0.00	0.00	0.00	0.00
Cash flow from financing +	0.66	0.08	0.08	0.04	0.00	0.03
Dividend payout
Common stock repurchases
Net Debt Issuance	0.66	0.08	0.08	0.04	0.00	0.03

Change in cash	0.32	-0.06	0.05	0.03	-0.01	0.02

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20
Operating cash flow +		0.00				0.00						0.00	0.00	-0.01	0.00			0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net income
Depreciation, depletion and amortization		0.00				0.00						0.00	0.00	0.00				0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Stock-based compensation		0.00				0.00				0.00		0.00	0.00	0.00	0.00			0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in inventory
Other working capital changes	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash flow from investing +		0.00												0.00				0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital expenditures	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Others incl. marketable securities changes	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash flow from financing +		0.00				0.04								0.04				0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend payout
Common stock repurchases
Net Debt Issuance	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Change in cash	0.00	0.00	0.00	0.00	0.00	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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BELITE BIO, INC

Income Statement - BELITE BIO, INC (BLTE)

Income Statement - BELITE BIO, INC (BLTE)

Balance Sheet - BELITE BIO, INC (BLTE)

Balance Sheet - BELITE BIO, INC (BLTE)

Cash Flow - BELITE BIO, INC (BLTE)

Cash Flow - BELITE BIO, INC (BLTE)