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Black Spade Acquisition III Co Financials

BIII
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Black Spade Acquisition III Co (BIII) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial health score pending refresh

We are recalculating Black Spade Acquisition III Co'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.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
N/A
EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$0

Black Spade Acquisition III Co held $0 in cash against $0 in long-term debt as of fiscal year 2026.

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
N/A
Capital Expenditures
N/A

BIII Income Statement

Metric Q1'26 Q4'25 Q3'25
Revenue N/A N/A N/A
Cost of Revenue N/A N/A N/A
Gross Profit N/A N/A N/A
R&D Expenses N/A N/A N/A
SG&A Expenses $330K+281.9% $86K N/A
Operating Income -$330K-281.9% -$86K N/A
Interest Expense N/A N/A N/A
Income Tax $0 $0 N/A
Net Income $1.1M+1358.7% -$86K N/A
EPS (Diluted) $0.05 N/A N/A

BIII Balance Sheet

Metric Q1'26 Q4'25 Q3'25
Total Assets $174.8M+4672.5% $3.7M+963.7% $344K
Current Assets $899K-72.6% $3.3M+13017.0% $25K
Cash & Equivalents $0 $0 $0
Inventory N/A N/A N/A
Accounts Receivable N/A N/A N/A
Goodwill N/A N/A N/A
Total Liabilities $181.0M+4761.1% $3.7M+989.4% $342K
Current Liabilities $251K-93.2% $3.7M+989.4% $342K
Long-Term Debt N/A N/A N/A
Total Equity -$6.2M-10048.6% -$61K-2579.9% $2K
Retained Earnings -$6.2M-7112.0% -$86K-283.5% -$23K

BIII Financial Ratios

Metric Q1'26 Q4'25 Q3'25
Gross Margin N/A N/A N/A
Operating Margin N/A N/A N/A
Net Margin N/A N/A N/A
Return on Equity N/A N/A N/A
Return on Assets 0.6%+3.0pp -2.4% N/A
Current Ratio 3.57+2.7 0.88+0.8 0.07
Debt-to-Equity -29.07+31.6 -60.68-198.8 138.13
FCF Margin N/A N/A N/A

Note: Shareholder equity is negative (-$61K), 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 (0.88), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

Black Spade Acquisition III Co (BIII) had $3.7M in total assets as of fiscal year 2026, including both current and long-term assets.

Black Spade Acquisition III Co (BIII) had a current ratio of 0.88 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

Black Spade Acquisition III Co (BIII) had a debt-to-equity ratio of -60.68 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Black Spade Acquisition III Co (BIII) has negative shareholder equity of -$61K as of fiscal year 2026, 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.

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