A SPAC III Acquisition (ASPC) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 27, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ASPC SEC filings page.
This page shows A SPAC III Acquisition Corp. (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).
This SPAC's reported balance sheet shrank sharply, while 2025 earnings remained disconnected from ongoing operating cash generation.
The 2025 return figures were unusually high—ROE of320.2% and ROA of34.2% —but those measures are heavily shaped by the vehicle's small capital base. Equity was just$420K against$3.52M of liabilities, so these percentages should not be read like operating-company performance.
The vehicle's balance-sheet scale contracted sharply: assets fell from
FY2025 net income of
Financial Health Signals
A SPAC III 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.
A SPAC III Acquisition Corp. passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
Key Financial Metrics
Earnings & Revenue
A SPAC III Acquisition Corp. reported a net loss of $15K in Q2 2026. This represents a decrease of 104.0% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
A SPAC III Acquisition Corp. held $634K in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
A SPAC III Acquisition Corp.'s quarterly ROE was -6.4% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is down 26.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 34.4 percentage points.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
ASPC 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 | $39K-33.1% | $54K-21.4% | N/A | $174K+348.6% | $59K+635.8% | $68K | N/A | $39K |
| Operating Income | -$47Kn/m | -$147Kn/m | N/A | -$174Kn/m | -$267Kn/m | -$234K | N/A | -$39K |
| Net Income | -$15K-104.0% | -$114K-127.6% | N/A | $480Kn/m | $380Kn/m | $413K | N/A | -$39K |
| EPS (Basic) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$0.03 |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$0.03 |
| Diluted Shares (Avg) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 1M |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense, Income Tax.
ASPC 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 | $3.8M-93.9% | $3.9M-93.8% | $3.9M-93.7% | $63.4M+76934.5% | $62.8M | $62.2M | $62.1Mn/m | $82K |
| Current Assets | $798K-30.7% | $878K-30.3% | $956K-44.4% | $1.1M | $1.2M | $1.3M | $1.7M | N/A |
| Cash & Equivalents | $634K-40.7% | $670K-40.1% | $871K-45.5% | $1.1M | $1.1M | $1.1M | $1.6M | N/A |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0 | $0 | $0 | $0 | N/A |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0 | $0 | $0 | $0 | N/A |
| Total Liabilities | $3.6M-94.1% | $3.6M-93.9% | $3.5M-94.0% | $62.4M+23039.9% | $60.9M | $59.3M | $58.2M+41309.5% | $270K |
| Current Liabilities | $561K+31.9% | $599K+114.8% | $536K+3.6% | $530K+96.4% | $425K | $279K | $517K+268.0% | $270K |
| Non-Current Liabilities | $3.0M-95.0% | $3.0M-94.9% | $3.0M-94.8% | $61.9Mn/m | $60.5M | $59.1M | $57.7Mn/m | $0 |
| Total Equity | $238K-87.5% | $280K-90.4% | $420K-89.1% | $975Kn/m | $1.9Mn/m | $2.9M | $3.9Mn/m | -$187K |
| Retained Earnings | $238K-40.7% | $280K+1216.1% | $420Kn/m | $882Kn/m | $401K | $21K | -$392Kn/m | -$212K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
ASPC 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.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
ASPC 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.
| 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 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity | -6.4%-26.4pp | -40.8%-55.0pp | N/A | 49.3% | 20.0% | 14.2% | N/A | N/A |
| Return on Assets | -0.4%-1.0pp | -2.9%-3.6pp | N/A | 0.8%+47.9pp | 0.6% | 0.7% | N/A | -47.1% |
| Current Ratio | 1.42-1.3x | 1.47-3.1x | 1.78-1.5x | 2.06 | 2.71 | 4.52 | 3.32 | N/A |
| Liabilities-to-Equity | 15.11-17.0x | 12.89-7.5x | 8.38-6.7x | 63.99 | 32.07 | 20.44 | 15.07 | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Debt-to-Equity, Asset Turnover, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| A SPAC III Acquisition Corp. ASPC | FY2025 | N/A | $1.3M | N/A | $24.8M | — |
| Origin Investment Corp I ORIQ | FY2025 | N/A | $683K | N/A | $90.1M | — |
Where A SPAC III Acquisition Corp. Ranks
Frequently Asked Questions
Is A SPAC III Acquisition Corp. profitable?
Yes, A SPAC III Acquisition Corp. (ASPC) reported a net income of $1.3M in fiscal year 2025.
What is A SPAC III Acquisition Corp.'s return on equity (ROE)?
A SPAC III Acquisition Corp. (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 Acquisition Corp.'s operating cash flow?
A SPAC III Acquisition Corp. (ASPC) recorded an outflow of $451K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are A SPAC III Acquisition Corp.'s total assets?
A SPAC III Acquisition Corp. (ASPC) had $3.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is A SPAC III Acquisition Corp.'s current ratio?
A SPAC III Acquisition Corp. (ASPC) had a current ratio of 1.78 as of fiscal year 2025, which is generally considered healthy.
What is A SPAC III Acquisition Corp.'s liabilities-to-equity ratio?
A SPAC III Acquisition Corp. (ASPC) had a liabilities-to-equity ratio of 8.38 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.
What is A SPAC III Acquisition Corp.'s return on assets (ROA)?
A SPAC III Acquisition Corp. (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 Acquisition Corp.'s P/E ratio?
A SPAC III Acquisition Corp. (ASPC) trades at 18.5x earnings, its market capitalization divided by $1.3M net income, FY2025. The market capitalization is $24.8M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is A SPAC III Acquisition Corp.'s price-to-sales ratio?
A SPAC III Acquisition Corp. (ASPC) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $24.8M as of Oct 27, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is A SPAC III Acquisition Corp.'s Piotroski F-Score?
A SPAC III Acquisition Corp. (ASPC) has a Piotroski F-Score of 2 out of 5 computable signals; 4 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.