A SPAC III Acquisition Corp. Financials
This page shows A SPAC III Acquisition Corp. (ASPCU) 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
A SPAC III Acquisition Corp. 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 Acquisition Corp. 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 Acquisition Corp. 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 Acquisition Corp. held $871K in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
A SPAC III Acquisition Corp.'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
A SPAC III Acquisition Corp. spent $59.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
ASPCU 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 |
ASPCU 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 |
ASPCU 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 | -$59.5M | $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 |
ASPCU 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 Acquisition Corp. profitable?
Yes, A SPAC III Acquisition Corp. (ASPCU) 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. (ASPCU) 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. (ASPCU) generated -$451K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are A SPAC III Acquisition Corp.'s total assets?
A SPAC III Acquisition Corp. (ASPCU) 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. (ASPCU) 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 debt-to-equity ratio?
A SPAC III Acquisition Corp. (ASPCU) 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 Acquisition Corp.'s return on assets (ROA)?
A SPAC III Acquisition Corp. (ASPCU) 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 cash runway?
Based on fiscal year 2025 data, A SPAC III Acquisition Corp. (ASPCU) 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 Acquisition Corp.'s Piotroski F-Score?
A SPAC III Acquisition Corp. (ASPCU) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are A SPAC III Acquisition Corp.'s earnings high quality?
A SPAC III Acquisition Corp. (ASPCU) 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.