Alpha Star Acquisition Corp (ALSAF) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 26, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ALSAF SEC filings page.
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).
Capital-structure contraction and non-operating gains dominate the entity’s economics, not an operating revenue engine.
The balance sheet contracted from$111.1M of assets in FY2024 to$724K in FY2025, a scale change inconsistent with an expanding operating platform. Liabilities remained$3.7M against-$3.0M of equity, so shrinking assets did not restore financial solvency.
Reported profitability was largely non-operating: FY2023 and FY2024 each paired operating losses with net income, whereas FY2025 produced a net loss alongside an operating loss. That reversal suggests prior earnings depended on items below operating income rather than recurring operations.
The current ratio fell from 0.9x in FY2024 to 0.0x in FY2025, indicating a near-total mismatch between short-term assets and bills due. Operating cash flow worsened from
Financial Health Signals
Alpha Star Acquisition Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Alpha Star Acquisition Corp passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
Alpha Star Acquisition Corp reported a net loss of $847K while operations used $652K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Alpha Star Acquisition Corp reported -$142K in net income in Q2 2026. This represents a decrease of 3.5% from the same quarter a year earlier. Against the prior quarter it is up 14.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Alpha Star Acquisition Corp held $0 in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
ALSAF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | N/A | $173K-22.9% | N/A | $180K-60.9% | $142K+28.8% | $224K-6.3% | N/A | $459K+339.2% |
| Operating Income | -$149K-4.9% | -$173K+22.9% | N/A | -$180K+60.9% | -$142K-28.8% | -$224K+6.3% | N/A | -$459K-339.2% |
| Net Income | -$142K-3.5% | -$166K+17.4% | N/A | -$174K-24.6% | -$137K-118.6% | -$201K-127.7% | N/A | -$139K-111.3% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
ALSAF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $849K+7.2% | $892K+93.3% | $724K-93.5% | $846K-92.3% | $792K-98.8% | $461K-99.3% | $11.1M-89.1% | $11.0M-89.0% |
| Current Assets | $34K-86.9% | $84K+106.3% | $6K-99.9% | $179K+613.6% | $261K+436.3% | $41K-38.5% | $10.8M+86466.5% | $25K-78.9% |
| Cash & Equivalents | $0 | $0 | $0 | N/A | N/A | N/A | $0 | N/A |
| Short-Term Investments | $0 | $0 | $0 | N/A | N/A | N/A | $0 | N/A |
| Long-Term Investments | $0 | $0 | $0 | N/A | N/A | N/A | $0 | N/A |
| Total Liabilities | $4.2M-14.9% | $4.1M-6.2% | $3.7M-74.4% | $5.3M-63.0% | $5.0M-93.5% | $4.4M-94.1% | $14.4M-87.0% | $14.4M-86.6% |
| Current Liabilities | $2.5M+56.7% | $2.4M+113.7% | $2.0M-82.5% | $1.8M+178.9% | $1.6M-77.6% | $1.1M-83.5% | $11.6M+86.8% | $648K-87.7% |
| Non-Current Liabilities | $950K-67.0% | $950K-67.0% | $950K-67.0% | $2.9M0.0% | $2.9M0.0% | $2.9M0.0% | $2.9M0.0% | $2.9M0.0% |
| Total Equity | -$3.4M+19.1% | -$3.2M+17.8% | -$3.0M+18.0% | -$4.5M-31.1% | -$4.2M+57.4% | -$3.9M+58.5% | -$3.6M+60.1% | -$3.4M+57.5% |
| Retained Earnings | -$11.5M-7.6% | -$11.4M-7.7% | -$11.2M-8.2% | -$10.9M-4.7% | -$10.7M-9.0% | -$10.6M-11.2% | -$10.4M-14.5% | -$10.4M-29.3% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
ALSAF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$30K+90.6% | -$344K-64.0% | -$71K+78.2% | -$52K | -$319K | -$210K | -$326K-198.7% | N/A |
| Investing Cash Flow | $22K+121.1% | -$105K | -$45K-20.1% | -$130K | -$105K+50.0% | N/A | -$37K+95.8% | N/A |
| Financing Cash Flow | $8K-98.2% | $449K | $116K-68.0% | $182K | $424K+101.9% | N/A | $363K-59.9% | N/A |
| Share Buybacks | N/A | N/A | $0-100.0% | $0 | $0 | N/A | -$1 | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.
ALSAF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Asset Turnover, FCF Margin.
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.
Where Alpha Star Acquisition Corp Ranks
Frequently Asked Questions
Is Alpha Star Acquisition Corp profitable?
No, Alpha Star Acquisition Corp (ALSAF) reported a net income of -$847K in fiscal year 2025.
What is Alpha Star Acquisition Corp's operating cash flow?
Alpha Star Acquisition Corp (ALSAF) recorded an outflow of $652K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Alpha Star Acquisition Corp's total assets?
Alpha Star Acquisition Corp (ALSAF) had $724K in total assets as of fiscal year 2025, including both current and long-term assets.
What is Alpha Star Acquisition Corp's current ratio?
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.
What is Alpha Star Acquisition Corp's return on assets (ROA)?
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.
Why is Alpha Star Acquisition Corp's debt-to-equity ratio negative or not reported?
Alpha Star Acquisition Corp (ALSAF) has negative shareholder equity of -$3.0M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.
What is Alpha Star Acquisition Corp's Piotroski F-Score?
Alpha Star Acquisition Corp (ALSAF) has a Piotroski F-Score of 2 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Alpha Star Acquisition Corp's earnings high quality?
Alpha Star Acquisition Corp (ALSAF) reported a net loss of $847K while operations used $652K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.