Aquaron Acquisition Corp. Financials
This page shows Aquaron Acquisition Corp. (AQUC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
We are recalculating Aquaron Acquisition Corp.'s peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
Aquaron Acquisition Corp. passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). No profitability signals pass, all 2 leverage/liquidity signals pass.
Aquaron Acquisition Corp. reported a net loss of $357K while operations used $989K of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Aquaron Acquisition Corp. reported -$357K in net income in fiscal year 2024. This represents a decrease of 135.8% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Cash & Balance Sheet
Aquaron Acquisition Corp. held $8K in cash as of fiscal year 2024; long-term debt is not reported for that period.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
None of these metrics is reported for fiscal year 2024.
Capital Allocation
Aquaron Acquisition Corp. spent $23.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 10.7% from the prior year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
AQUC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| SG&A Expenses | N/A | $882K+5.9% | $833K+301.4% | $207K |
| Operating Income | N/A | -$905K-5.0% | -$862K-289.9% | -$221K |
| Income Tax | N/A | $348K+32.5% | $262K+406.7% | $52K |
| Net Income | N/A | -$357K-135.8% | $998K+508.2% | $164K |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense, EPS (Diluted).
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
AQUC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | $9.5M-70.4% | $32.1M-42.4% | $55.7M |
| Current Assets | $232K+9096.4% | $3K-99.1% | $280K |
| Cash & Equivalents | $8K+2209.7% | $339-99.4% | $57K |
| Total Liabilities | $14.9M-59.1% | $36.4M-27.8% | $50.4M |
| Current Liabilities | $3.1M+62.7% | $1.9M+528.9% | $305K |
| Total Equity | -$5.4M-26.0% | -$4.3M-181.1% | $5.3M |
| Retained Earnings | -$5.4M-26.0% | -$4.3M-2790.2% | $160K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
AQUC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Operating Cash Flow | -$157K | -$989K-51.4% | -$653K-125.1% | -$290K |
| Investing Cash Flow | N/A | $23.6M-7.8% | $25.6M+146.5% | -$55.0M |
| Financing Cash Flow | N/A | -$22.6M+9.5% | -$25.0M-145.2% | $55.3M |
| Share Buybacks | N/A | $23.2M-10.7% | $25.9M | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
TTM is the trailing twelve months, Q4 FY2024 through Q3 FY2025, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
AQUC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY24 | FY23 | FY22 |
|---|---|---|---|
| Return on Equity | N/A | N/A | 3.1% |
| Return on Assets | -3.8%-6.9pp | 3.1%+2.8pp | 0.3% |
| Current Ratio | 0.07+0.1x | 0.00-0.9x | 0.92 |
| Debt-to-Equity | N/A | N/A | 9.51 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$5.4M), 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 (0.07), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Aquaron Acquisition Corp. Ranks
Frequently Asked Questions
Is Aquaron Acquisition Corp. profitable?
No, Aquaron Acquisition Corp. (AQUC) reported a net income of -$357K in fiscal year 2024.
What is Aquaron Acquisition Corp.'s operating cash flow?
Aquaron Acquisition Corp. (AQUC) recorded an outflow of $989K in operating cash flow during fiscal year 2024, representing cash used by core business activities.
What are Aquaron Acquisition Corp.'s total assets?
Aquaron Acquisition Corp. (AQUC) had $9.5M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Aquaron Acquisition Corp.'s current ratio?
Aquaron Acquisition Corp. (AQUC) had a current ratio of 0.07 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Aquaron Acquisition Corp.'s return on assets (ROA)?
Aquaron Acquisition Corp. (AQUC) had a return on assets of -3.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Aquaron Acquisition Corp.'s cash runway?
Based on fiscal year 2024 data, Aquaron Acquisition Corp. (AQUC) had $8K in cash against an annual operating cash burn of $989K. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Aquaron Acquisition Corp.'s debt-to-equity ratio negative or not reported?
Aquaron Acquisition Corp. (AQUC) has negative shareholder equity of -$5.4M as of fiscal year 2024, 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 Aquaron Acquisition Corp.'s Piotroski F-Score?
Aquaron Acquisition Corp. (AQUC) 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 Aquaron Acquisition Corp.'s earnings high quality?
Aquaron Acquisition Corp. (AQUC) reported a net loss of $357K while operations used $989K 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.