A SPAC III Acqsn Financials
This page shows A SPAC III Acqsn (ASPC) 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
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of A SPAC III Acqsn's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
A SPAC III Acqsn has elevated debt relative to equity (D/E of 8.38), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
A SPAC III Acqsn's current ratio of 1.78 indicates adequate short-term liquidity, earning a score of 32/100. The company can meet its near-term obligations, though with limited headroom.
A SPAC III Acqsn earns a strong 320.2% return on equity (ROE), meaning it generates $320 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from -5.9% the prior year.
A SPAC III Acqsn passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, A SPAC III Acqsn generates $-0.34 in operating cash flow (-$451K OCF vs $1.3M 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
Earnings & Revenue
A SPAC III Acqsn reported $1.3M in net income in fiscal year 2025. This represents an increase of 693.7% from the prior year.
Cash & Balance Sheet
A SPAC III Acqsn held $871K in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
A SPAC III Acqsn's ROE was 320.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 326.0 percentage points from the prior year.
Capital Allocation
ASPC Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | $174K-34.9% | $267K+14.2% | $234K | N/A | $39K+384.7% | $8K | N/A |
| Operating Income | N/A | -$174K+34.9% | -$267K-14.2% | -$234K | N/A | -$39K-384.7% | -$8K | 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 | N/A | $480K+26.4% | $380K-8.1% | $413K | N/A | -$39K-384.7% | -$8K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | $-0.03 | N/A | N/A |
ASPC Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $3.9M-93.8% | $63.4M+0.9% | $62.8M+0.8% | $62.2M+0.3% | $62.1M+75371.3% | $82K | N/A | $0 |
| Current Assets | $956K-12.5% | $1.1M-5.1% | $1.2M-8.7% | $1.3M-26.6% | $1.7M | N/A | N/A | N/A |
| Cash & Equivalents | $871K-18.0% | $1.1M-0.6% | $1.1M-4.6% | $1.1M-30.0% | $1.6M | 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 | $3.5M-94.4% | $62.4M+2.5% | $60.9M+2.6% | $59.3M+1.9% | $58.2M+21491.7% | $270K | N/A | $141K |
| Current Liabilities | $536K+1.2% | $530K+24.6% | $425K+52.5% | $279K-46.1% | $517K+91.9% | $270K | N/A | $141K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $420K-56.9% | $975K-48.6% | $1.9M-34.6% | $2.9M-24.8% | $3.9M+2162.1% | -$187K-26.1% | -$149K-5.7% | -$141K |
| Retained Earnings | $420K-52.4% | $882K+119.7% | $401K+1788.5% | $21K+105.4% | -$392K-84.6% | -$212K | N/A | -$166K |
ASPC Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$191K-3154.8% | -$6K+88.5% | -$51K+74.8% | -$203K+42.8% | -$355K | N/A | N/A | N/A |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | $0 | $0+100.0% | -$276K-100.4% | $62.0M | 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
ASPC Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | 49.3%+29.3pp | 20.0%+5.8pp | 14.2% | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | 0.8%+0.1pp | 0.6%-0.0pp | 0.7% | N/A | -47.1% | N/A | N/A |
| Current Ratio | 1.78-0.3 | 2.06-0.6 | 2.71-1.8 | 4.52+1.2 | 3.32 | N/A | N/A | N/A |
| Debt-to-Equity | 8.38-55.6 | 63.99+31.9 | 32.07+11.6 | 20.44+5.4 | 15.07+16.5 | -1.44 | N/A | -1.00 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
Is A SPAC III Acqsn profitable?
Yes, A SPAC III Acqsn (ASPC) reported a net income of $1.3M in fiscal year 2025.
What is A SPAC III Acqsn's return on equity (ROE)?
A SPAC III Acqsn (ASPC) has a return on equity of 320.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is A SPAC III Acqsn's operating cash flow?
A SPAC III Acqsn (ASPC) generated -$451K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are A SPAC III Acqsn's total assets?
A SPAC III Acqsn (ASPC) had $3.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is A SPAC III Acqsn's current ratio?
A SPAC III Acqsn (ASPC) had a current ratio of 1.78 as of fiscal year 2025, which is generally considered healthy.
What is A SPAC III Acqsn's debt-to-equity ratio?
A SPAC III Acqsn (ASPC) had a debt-to-equity ratio of 8.38 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is A SPAC III Acqsn's return on assets (ROA)?
A SPAC III Acqsn (ASPC) had a return on assets of 34.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is A SPAC III Acqsn's cash runway?
Based on fiscal year 2025 data, A SPAC III Acqsn (ASPC) had $871K in cash against an annual operating cash burn of $451K. This gives an estimated cash runway of approximately 23 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.
What is A SPAC III Acqsn's Piotroski F-Score?
A SPAC III Acqsn (ASPC) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are A SPAC III Acqsn's earnings high quality?
A SPAC III Acqsn (ASPC) has an earnings quality ratio of -0.34x, 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.
How financially healthy is A SPAC III Acqsn?
A SPAC III Acqsn (ASPC) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.