Black Hawk Acquisition Corporation Rights (BKHAR) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 6, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BKHAR SEC filings page.
This page shows Black Hawk Acquisition Corporation Rights (BKHAR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Reported profits do not translate into cash generation, while shrinking assets and worsening negative equity strain the balance sheet.
In FY2025, net income was$1.3M while operating cash flow was-$650K ; FY2024 showed the same earnings-to-cash disconnect. That pattern—$1.9M of FY2024 net income alongside-$554K of operating cash flow—means reported profitability is not currently funding operations.
The capital structure weakened despite lower scale: total equity moved from
Liquidity tightened sharply: the current ratio fell from 4.4x to 0.0x between FY2024 and FY2025, indicating short-term resources no longer comfortably matched near-term obligations. FY2025 investing inflow of
Financial Health Signals
Black Hawk Acquisition Corporation Rights 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.
Black Hawk Acquisition Corporation Rights passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Black Hawk Acquisition Corporation Rights used $0.49 of operating cash (-$650K OCF vs $1.3M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Black Hawk Acquisition Corporation Rights reported an operating loss of $916K against $15K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Black Hawk Acquisition Corporation Rights reported $1.1M in net income in Q3 2026. This represents an increase of 596.1% from the same quarter a year earlier. Against the prior quarter it is up 1108.5%.
Not reported for Q3 2026.
Not reported for Q3 2026.
Not reported for Q3 2026.
Cash & Balance Sheet
Black Hawk Acquisition Corporation Rights held $0 in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
None of these metrics is reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
BKHAR 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $108K-65.2% | $79K-63.6% | $24K-69.3% | N/A | $311K+466.9% | $218K-35.1% | $79K+156.6% | N/A |
| Operating Income | -$138Kn/m | -$109Kn/m | -$54Kn/m | N/A | -$341Kn/m | -$248Kn/m | -$109Kn/m | N/A |
| Interest Expense | $33K | $24K | $19K | N/A | N/A | N/A | N/A | N/A |
| Net Income | $1.1M+596.1% | $89K-82.9% | $140K-78.8% | N/A | $154K-82.5% | $521K+67.4% | $658Kn/m | N/A |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
BKHAR 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 | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $26.0M+11.5% | $25.4M-65.5% | $24.8M-65.9% | $23.9M-66.9% | $23.3M-67.3% | $73.5M+4.3% | $72.8M+31984.0% | $72.1M+27330.9% |
| Current Assets | $41K-7.1% | $63K-54.8% | $181K-11.6% | $51K-83.8% | $45K-88.7% | $140K-69.3% | $205K+123.5% | $314K+101.3% |
| Cash & Equivalents | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $30.7M+15.3% | $30.5M-59.9% | $29.3M-60.9% | $27.7M-62.7% | $26.7M-63.7% | $76.0M+4.9% | $75.1M+29757.6% | $74.3M+28833.0% |
| Current Liabilities | $2.3M+146.8% | $2.8M+996.1% | $2.3M+3180.3% | $1.5M+1988.3% | $946K+1773.3% | $251K+703.3% | $70K-72.3% | $71K-72.4% |
| Non-Current Liabilities | $28.4M+10.5% | $27.7M-63.4% | $27.1M-63.9% | $26.2M-64.7% | $25.7M-65.0% | $75.8M+4.6% | $75.0Mn/m | $74.2Mn/m |
| Total Equity | -$4.7Mn/m | -$5.1Mn/m | -$4.5Mn/m | -$3.8Mn/m | -$3.3Mn/m | -$2.5Mn/m | -$2.3Mn/m | -$2.2M-35432.8% |
| Retained Earnings | -$4.7Mn/m | -$5.1Mn/m | -$4.5Mn/m | -$3.9Mn/m | -$3.3Mn/m | -$2.5Mn/m | -$2.3Mn/m | -$2.2Mn/m |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
BKHAR 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$113Kn/m | -$237Kn/m | -$110Kn/m | -$100Kn/m | -$108Kn/m | -$279Kn/m | -$163Kn/m | -$59Kn/m |
| Investing Cash Flow | -$450K | -$450K | -$600K | -$300Kn/m | N/A | N/A | N/A | $0n/m |
| Financing Cash Flow | $564Kn/m | $520K | $848K | $425Kn/m | -$50.5Mn/m | N/A | N/A | $0-100.0% |
| Dividends Paid | N/A | N/A | N/A | $0 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Share Buybacks.
BKHAR 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$3.8M), which causes the debt-to-equity, liabilities-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 (0.03), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Black Hawk Acquisition Corporation Rights Ranks
Frequently Asked Questions
Is Black Hawk Acquisition Corporation Rights profitable?
Yes, Black Hawk Acquisition Corporation Rights (BKHAR) reported a net income of $1.3M in fiscal year 2025.
What is Black Hawk Acquisition Corporation Rights's operating cash flow?
Black Hawk Acquisition Corporation Rights (BKHAR) recorded an outflow of $650K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Black Hawk Acquisition Corporation Rights's total assets?
Black Hawk Acquisition Corporation Rights (BKHAR) had $23.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Black Hawk Acquisition Corporation Rights's current ratio?
Black Hawk Acquisition Corporation Rights (BKHAR) had a current ratio of 0.03 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Black Hawk Acquisition Corporation Rights's return on assets (ROA)?
Black Hawk Acquisition Corporation Rights (BKHAR) had a return on assets of 5.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Black Hawk Acquisition Corporation Rights's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Black Hawk Acquisition Corporation Rights (BKHAR) held $0 in cash, cash equivalents and investments, and reported an operating cash outflow of $650K over that year. Dividing the one by the other, the reported balance equals about 0 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Black Hawk Acquisition Corporation Rights's debt-to-equity ratio negative or not reported?
Black Hawk Acquisition Corporation Rights (BKHAR) has negative shareholder equity of -$3.8M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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 Black Hawk Acquisition Corporation Rights's Piotroski F-Score?
Black Hawk Acquisition Corporation Rights (BKHAR) has a Piotroski F-Score of 3 out of 6 computable signals; 3 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.
Are Black Hawk Acquisition Corporation Rights's earnings high quality?
For every $1 of reported earnings, Black Hawk Acquisition Corporation Rights (BKHAR) used $0.49 of operating cash (-$650K OCF vs $1.3M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.
Can Black Hawk Acquisition Corporation Rights cover its interest payments?
Black Hawk Acquisition Corporation Rights (BKHAR) reported an operating loss of $916K against $15K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.