Bluerock Acquisition Corp Financials
This page shows Bluerock Acquisition Corp (BLRK) 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).
Negative equity and a cash-light, non-current-heavy balance sheet make this a balance-sheet-defined entity, not an operating one.
With liabilities of$180.2M against assets of$173.6M , the company sits in negative equity, yet current liabilities are only$79.6K and the current ratio is 9.8x; that means the strain is structural solvency, not an immediate bill-paying squeeze. Cash of$694K making up nearly all current assets of$781K also suggests most reported assets are locked outside day-to-day operations.
Because there is no usable revenue, margin, or cash-flow picture here, the most informative reading is the mismatch between liquidity and net worth: near-term obligations look small, but total obligations still exceed the asset base. That is a very different setup from a normal operating business where income and cash generation explain the balance sheet.
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Based on FY2026 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 Bluerock Acquisition Corp'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.
With a current ratio of 9.81, Bluerock Acquisition Corp holds $9.81 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Key Financial Metrics
Earnings & Revenue
Cash & Balance Sheet
Bluerock Acquisition Corp held $694K in cash against $0 in long-term debt as of fiscal year 2026.
Margins & Returns
Capital Allocation
BLRK 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 | $209K | N/A | $50K |
| Operating Income | -$209K | N/A | -$50K |
| Interest Expense | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A |
| Net Income | $1.3M | N/A | -$50K |
| EPS (Diluted) | N/A | N/A | N/A |
BLRK Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 |
|---|---|---|---|
| Total Assets | $174.9M+0.8% | $173.6M+30264.6% | $572K |
| Current Assets | $640K-18.1% | $781K+213.7% | $249K |
| Cash & Equivalents | $498K-28.2% | $694K+178.4% | $249K |
| Inventory | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A |
| Total Liabilities | $181.7M+0.8% | $180.2M+30121.1% | $596K |
| Current Liabilities | $130K+63.4% | $80K-86.6% | $596K |
| Long-Term Debt | N/A | N/A | N/A |
| Total Equity | -$6.8M-3.2% | -$6.6M-26772.2% | -$25K |
| Retained Earnings | -$6.8M-3.2% | -$6.6M-13202.4% | -$50K |
BLRK 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 | 0.7% | N/A | -8.7% |
| Current Ratio | 4.92-4.9 | 9.81+9.4 | 0.42 |
| Debt-to-Equity | -26.75+0.6 | -27.36-3.0 | -24.33 |
| FCF Margin | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$6.6M), 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.
Frequently Asked Questions
What are Bluerock Acquisition Corp's total assets?
Bluerock Acquisition Corp (BLRK) had $173.6M in total assets as of fiscal year 2026, including both current and long-term assets.
What is Bluerock Acquisition Corp's current ratio?
Bluerock Acquisition Corp (BLRK) had a current ratio of 9.81 as of fiscal year 2026, which is generally considered healthy.
What is Bluerock Acquisition Corp's debt-to-equity ratio?
Bluerock Acquisition Corp (BLRK) had a debt-to-equity ratio of -27.36 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
Why is Bluerock Acquisition Corp's debt-to-equity ratio negative or unusual?
Bluerock Acquisition Corp (BLRK) has negative shareholder equity of -$6.6M 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.
How financially healthy is Bluerock Acquisition Corp?
Bluerock Acquisition Corp (BLRK) scores 17 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.