BEST SPAC I Financials
This page shows BEST SPAC I (BSAA) 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
For every $1 of reported earnings, BEST SPAC I generates $-0.92 in operating cash flow (-$598K OCF vs $650K 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
BEST SPAC I reported $650K in net income in fiscal year 2025.
BEST SPAC I held $1.3M in cash against $0 in long-term debt as of fiscal year 2025.
BEST SPAC I's ROE was 25.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
BSAA Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | $424K+352.8% | $94K | N/A | N/A |
| Operating Income | N/A | -$424K-352.8% | -$94K | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | $240K+4250.6% | -$6K+85.8% | -$41K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A |
BSAA Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|
| Total Assets | $57.6M+0.7% | $57.2M+0.4% | $57.0M | N/A | $28K |
| Current Assets | $1.4M-9.4% | $1.6M-17.1% | $1.9M | N/A | $15K |
| Cash & Equivalents | $1.3M-6.1% | $1.4M-22.3% | $1.8M | N/A | N/A |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $55.1M+2.1% | $54.0M+2.4% | $52.7M | N/A | $6K |
| Current Liabilities | $153K-30.5% | $220K+5.8% | $208K | N/A | $6K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $2.5M-23.0% | $3.3M-23.3% | $4.3M+22987.9% | -$19K-184.9% | $22K |
| Retained Earnings | $647K+238.8% | $191K+486.0% | -$49K | N/A | -$3K |
BSAA Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$84K+73.5% | -$317K | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $0 | $0 | N/A | N/A | N/A |
| Financing Cash Flow | $0+100.0% | -$79K | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
BSAA Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | 7.3%+7.5pp | -0.1%-218.0pp | 217.8% | N/A |
| Return on Assets | N/A | 0.4%+0.4pp | -0.0% | N/A | N/A |
| Current Ratio | 9.29+2.2 | 7.13-2.0 | 9.10 | N/A | 2.73 |
| Debt-to-Equity | 21.84+5.4 | 16.47+4.1 | 12.34 | N/A | 0.25 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is BEST SPAC I profitable?
Yes, BEST SPAC I (BSAA) reported a net income of $650K in fiscal year 2025.
What is BEST SPAC I's return on equity (ROE)?
BEST SPAC I (BSAA) has a return on equity of 25.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is BEST SPAC I's operating cash flow?
BEST SPAC I (BSAA) generated -$598K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are BEST SPAC I's total assets?
BEST SPAC I (BSAA) had $57.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is BEST SPAC I's current ratio?
BEST SPAC I (BSAA) had a current ratio of 9.29 as of fiscal year 2025, which is generally considered healthy.
What is BEST SPAC I's debt-to-equity ratio?
BEST SPAC I (BSAA) had a debt-to-equity ratio of 21.84 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is BEST SPAC I's return on assets (ROA)?
BEST SPAC I (BSAA) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is BEST SPAC I's cash runway?
Based on fiscal year 2025 data, BEST SPAC I (BSAA) had $1.3M in cash against an annual operating cash burn of $598K. This gives an estimated cash runway of approximately 26 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.
Are BEST SPAC I's earnings high quality?
BEST SPAC I (BSAA) has an earnings quality ratio of -0.92x, 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.