A SPAC II Acquisition Corp. Financials

ASCBF

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows A SPAC II Acquisition Corp. (ASCBF) 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

0/9

A SPAC II Acquisition Corp. passes 0 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

1.62x

For every $1 of reported earnings, A SPAC II Acquisition Corp. generates $1.62 in operating cash flow (-$363K OCF vs -$224K 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

-$224K

YoY-244.8%

A SPAC II Acquisition Corp. reported -$224K in net income in fiscal year 2025. This represents a decrease of 244.8% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$135

YoY-99.9%

A SPAC II Acquisition Corp. held $135 in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

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

$4.1M

YoY-77.5%

A SPAC II Acquisition Corp. spent $4.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 77.5% from the prior year.

Capital Expenditures

N/A

ASCBF Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	$347K-43.2%	$611K-27.5%	$842K+98.2%	$425K
Operating Income	-$347K+43.2%	-$611K+27.5%	-$842K-98.2%	-$425K
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A
Net Income	-$224K-244.8%	$155K-97.1%	$5.4M+122.5%	$2.4M
EPS (Diluted)	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	N/A	$78K+21.1%	$65K-40.5%	$109K	N/A	$196K+27.5%	$153K+3.2%	$149K
Operating Income	N/A	-$78K-21.1%	-$65K+40.5%	-$109K	N/A	-$196K-27.5%	-$153K-3.2%	-$149K
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	N/A	-$57K-226.4%	-$17K+71.5%	-$61K	N/A	-$65K-146.8%	$138K-2.9%	$142K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

ASCBF Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$586K-87.4%	$4.6M-79.2%	$22.4M-89.2%	$207.5M
Current Assets	$59K-62.6%	$157K-67.0%	$477K-58.5%	$1.1M
Cash & Equivalents	$135-99.9%	$141K-68.1%	$442K-58.4%	$1.1M
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$8.2M-31.1%	$11.9M-59.0%	$29.1M-86.4%	$213.4M
Current Liabilities	$684K+56.3%	$438K+178.2%	$157K+638.2%	$21K
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	-$7.6M-4.7%	-$7.3M-9.0%	-$6.7M-13.8%	-$5.9M
Retained Earnings	-$7.6M-4.7%	-$7.3M-9.0%	-$6.7M-13.8%	-$5.9M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$586K-10.4%	$654K-86.2%	$4.7M+3.7%	$4.6M-1.8%	$4.6M+2.6%	$4.5M-80.1%	$22.7M+0.7%	$22.5M
Current Assets	$59K-55.4%	$132K-11.5%	$149K+425.1%	$28K-82.0%	$157K+69.1%	$93K-58.4%	$224K-35.3%	$346K
Cash & Equivalents	$135-99.7%	$51K-65.7%	$148K+1073.5%	$13K-91.1%	$141K+93.8%	$73K-56.8%	$169K-33.2%	$252K
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	$8.2M+0.3%	$8.2M-32.8%	$12.2M+1.9%	$11.9M+0.2%	$11.9M+1.9%	$11.7M-60.6%	$29.7M+1.1%	$29.4M
Current Liabilities	$684K+3.3%	$662K+10.1%	$602K+44.5%	$416K-4.8%	$438K+67.6%	$261K+31.8%	$198K+16.8%	$170K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$7.6M-1.3%	-$7.5M-1.0%	-$7.5M-0.9%	-$7.4M-1.5%	-$7.3M-1.6%	-$7.2M-2.8%	-$7.0M-2.2%	-$6.8M
Retained Earnings	-$7.6M-1.3%	-$7.5M-1.0%	-$7.5M-0.9%	-$7.4M-1.5%	-$7.3M-1.6%	-$7.2M-2.8%	-$7.0M-2.2%	-$6.8M

ASCBF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	-$363K+21.3%	-$461K+25.8%	-$622K-41.7%	-$439K
Capital Expenditures	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A
Investing Cash Flow	$4.1M-77.5%	$18.2M-90.5%	$190.7M+193.7%	-$203.5M
Financing Cash Flow	-$3.9M+78.6%	-$18.0M+90.6%	-$190.7M-193.0%	$205.0M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	$4.1M-77.5%	$18.2M-90.5%	$190.7M	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$50K+73.3%	-$185K-1028983.3%	$18+100.0%	-$128K-39.9%	-$92K+4.3%	-$96K-14.3%	-$84K+55.8%	-$190K
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	$1	N/A	N/A	N/A	$0	N/A	N/A	N/A
Financing Cash Flow	-$987+100.0%	-$4.0M	N/A	N/A	$160K	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$1	N/A	N/A	N/A	$0	N/A	N/A	N/A

ASCBF Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	-38.3%-41.6pp	3.3%-21.0pp	24.3%+23.1pp	1.2%
Current Ratio	0.09-0.3	0.36-2.7	3.03-50.8	53.87
Debt-to-Equity	-1.08+0.6	-1.64+2.7	-4.35+32.0	-36.33
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
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	N/A	-8.6%-8.3pp	-0.4%+1.0pp	-1.3%	N/A	-1.4%-2.0pp	0.6%-0.0pp	0.6%
Current Ratio	0.09-0.1	0.20-0.0	0.25+0.2	0.07-0.3	0.360.0	0.36-0.8	1.13-0.9	2.04
Debt-to-Equity	-1.08+0.0	-1.09+0.5	-1.63-0.0	-1.62+0.0	-1.640.0	-1.63+2.6	-4.25+0.0	-4.30
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$7.6M), 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 (0.09), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

Is A SPAC II Acquisition Corp. profitable?

No, A SPAC II Acquisition Corp. (ASCBF) reported a net income of -$224K in fiscal year 2025.

What is A SPAC II Acquisition Corp.'s operating cash flow?

A SPAC II Acquisition Corp. (ASCBF) generated -$363K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are A SPAC II Acquisition Corp.'s total assets?

A SPAC II Acquisition Corp. (ASCBF) had $586K in total assets as of fiscal year 2025, including both current and long-term assets.

Does A SPAC II Acquisition Corp. buy back shares?

Yes, A SPAC II Acquisition Corp. (ASCBF) spent $4.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is A SPAC II Acquisition Corp.'s current ratio?

A SPAC II Acquisition Corp. (ASCBF) had a current ratio of 0.09 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is A SPAC II Acquisition Corp.'s debt-to-equity ratio?

A SPAC II Acquisition Corp. (ASCBF) had a debt-to-equity ratio of -1.08 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is A SPAC II Acquisition Corp.'s return on assets (ROA)?

A SPAC II Acquisition Corp. (ASCBF) had a return on assets of -38.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is A SPAC II Acquisition Corp.'s cash runway?

Based on fiscal year 2025 data, A SPAC II Acquisition Corp. (ASCBF) had $135 in cash against an annual operating cash burn of $363K. 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 A SPAC II Acquisition Corp.'s debt-to-equity ratio negative or unusual?

A SPAC II Acquisition Corp. (ASCBF) has negative shareholder equity of -$7.6M 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.

What is A SPAC II Acquisition Corp.'s Piotroski F-Score?

A SPAC II Acquisition Corp. (ASCBF) has a Piotroski F-Score of 0 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.

Are A SPAC II Acquisition Corp.'s earnings high quality?

A SPAC II Acquisition Corp. (ASCBF) has an earnings quality ratio of 1.62x, 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.