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Alpha Star Acquisition Corp Financials

ALSAF
Source SEC Filings (10-K/10-Q) Updated Mar 20, 2026 Currency USD FYE March

This page shows Alpha Star Acquisition Corp (ALSAF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Weak
2/9

Alpha Star Acquisition Corp passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.

Earnings Quality Low Quality
0.77x

For every $1 of reported earnings, Alpha Star Acquisition Corp generates $0.77 in operating cash flow (-$652K OCF vs -$847K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
-$847K
YoY-163.0%

Alpha Star Acquisition Corp reported -$847K in net income in fiscal year 2025. This represents a decrease of 163.0% from the prior year.

EPS (Diluted)
$18.38

Alpha Star Acquisition Corp earned $18.38 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
N/A
Dividends Per Share
N/A
Shares Outstanding
3M
YoY+0.0%

Alpha Star Acquisition Corp had 3M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
$10.8M

Alpha Star Acquisition Corp spent $10.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
N/A

ALSAF Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses $180K+26.1% $142K-36.4% $224K N/A $459K+315.6% $111K-53.7% $239K N/A
Operating Income -$180K-26.1% -$142K+36.4% -$224K N/A -$459K-315.6% -$111K+53.7% -$239K N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income -$174K-26.2% -$137K+31.5% -$201K N/A -$139K-118.9% $738K+1.9% $724K N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

ALSAF Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $846K+6.8% $792K+71.6% $461K-95.8% $11.1M+1.1% $11.0M-83.5% $66.8M+1.6% $65.7M-35.3% $101.6M
Current Assets $179K-31.4% $261K+540.8% $41K-99.6% $10.8M+42967.9% $25K-48.5% $49K-26.6% $66K+431.0% $13K
Cash & Equivalents N/A N/A N/A N/A N/A N/A N/A N/A
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $5.3M+6.8% $5.0M+13.1% $4.4M-69.5% $14.4M+0.2% $14.4M-81.2% $76.6M+1.8% $75.2M-32.0% $110.7M
Current Liabilities $1.8M+14.4% $1.6M+42.1% $1.1M-90.4% $11.6M+1683.9% $648K-90.8% $7.1M+4.6% $6.8M+9.3% $6.2M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$4.5M-6.8% -$4.2M-6.3% -$3.9M-9.1% -$3.6M-5.9% -$3.4M+65.3% -$9.8M-3.4% -$9.5M-5.0% -$9.1M
Retained Earnings -$10.9M-1.6% -$10.7M-1.3% -$10.6M-1.9% -$10.4M+0.2% -$10.4M-5.7% -$9.8M-3.4% -$9.5M-4.9% -$9.1M

ALSAF Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$52K+83.7% -$319K-52.0% -$210K+35.6% -$326K N/A N/A N/A -$109K
Capital Expenditures N/A N/A N/A N/A N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A N/A N/A N/A N/A
Investing Cash Flow -$130K-23.8% -$105K-101.0% $10.7M+28689.0% -$37K-100.1% $56.1M+26805.5% -$210K-100.6% $36.9M+4205.6% -$899K
Financing Cash Flow $182K-57.1% $424K+104.0% -$10.5M-2990.7% $363K+100.6% -$56.2M-26844.8% $210K+100.6% -$36.9M-4171.6% $906K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks $0 $0-100.0% $10.8M N/A $56.2M $0-100.0% $37.2M N/A

ALSAF Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets -20.5%-3.2pp -17.4%+26.1pp -43.5% N/A -1.3%-2.4pp 1.1%+0.0pp 1.1% N/A
Current Ratio 0.10-0.1 0.17+0.1 0.04-0.9 0.94+0.9 0.04+0.0 0.010.0 0.010.0 0.00
Debt-to-Equity -1.190.0 -1.19-0.1 -1.12+2.9 -3.99+0.2 -4.22+3.6 -7.79+0.1 -7.91+4.3 -12.21
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$3.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

Note: The current ratio is below 1.0 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

No, Alpha Star Acquisition Corp (ALSAF) reported a net income of -$847K in fiscal year 2025.

Alpha Star Acquisition Corp (ALSAF) reported diluted earnings per share of $18.38 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Alpha Star Acquisition Corp (ALSAF) generated -$652K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Alpha Star Acquisition Corp (ALSAF) had $724K in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Alpha Star Acquisition Corp (ALSAF) spent $10.8M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Alpha Star Acquisition Corp (ALSAF) had 3M shares outstanding as of fiscal year 2025.

Alpha Star Acquisition Corp (ALSAF) had a current ratio of 0.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Alpha Star Acquisition Corp (ALSAF) had a debt-to-equity ratio of -1.24 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Alpha Star Acquisition Corp (ALSAF) had a return on assets of -116.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Alpha Star Acquisition Corp (ALSAF) has negative shareholder equity of -$3.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

Alpha Star Acquisition Corp (ALSAF) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Alpha Star Acquisition Corp (ALSAF) has an earnings quality ratio of 0.77x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

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