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).
The dominant mechanic is financing-led balance-sheet activity, with thin equity supporting a large asset base and no revenue reported.
Positive net income of$650K coexisted with an operating loss of$651K and operating cash flow of-$598K , indicating that reported earnings were not generated by core operations. Earnings quality is therefore difficult to read from net income alone because accounting profit and operating cash movement point in opposite directions.
The cash-flow pattern pairs a
A current ratio of 9.3x contrasts with debt-to-equity of 21.8x: short-term obligations appear modest, but the balance sheet is thinly capitalized, with liabilities of
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
BEST SPAC I 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.
For every $1 of reported earnings, BEST SPAC I used $0.92 of operating cash (-$598K OCF vs $650K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
BEST SPAC I reported $650K in net income in fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
BEST SPAC I held $1.3M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
BEST SPAC I's ROE was 25.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
BSAA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| SG&A Expenses | $125K-13.9% | $145K | N/A | $424K+352.8% | $94K+130.0% | $41K | N/A |
| Operating Income | -$125K+13.9% | -$145K | N/A | -$424K-352.8% | -$94K-130.0% | -$41K | N/A |
| Net Income | $167K-53.6% | $359K | N/A | $240K+4250.6% | -$6K+85.8% | -$41K | N/A |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense, Income Tax, EPS (Diluted).
BSAA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $3.0M-94.9% | $58.0M+0.7% | $57.6M+0.7% | $57.2M+0.4% | $57.0M | N/A | $28K |
| Current Assets | $1.2M-8.2% | $1.3M-7.1% | $1.4M-9.4% | $1.6M-17.1% | $1.9M | N/A | $15K |
| Cash & Equivalents | $1.1M-5.0% | $1.2M-9.5% | $1.3M-6.1% | $1.4M-22.3% | $1.8M | N/A | N/A |
| Total Liabilities | $1.9M-96.6% | $56.3M+2.2% | $55.1M+2.1% | $54.0M+2.4% | $52.7M | N/A | $6K |
| Current Liabilities | $194K+3.8% | $187K+22.0% | $153K-30.5% | $220K+5.8% | $208K | N/A | $6K |
| Total Equity | $1.0M-40.5% | $1.7M-32.3% | $2.5M-23.0% | $3.3M-23.3% | $4.3M+22987.9% | -$19K-184.9% | $22K |
| Retained Earnings | $1.0M+1.1% | $1.0M+55.6% | $647K+238.8% | $191K+486.0% | -$49K | N/A | -$3K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
BSAA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$71K+42.4% | -$123K-46.9% | -$84K+73.5% | -$317K-69.4% | -$187K-1707.2% | -$10K | N/A |
| Investing Cash Flow | N/A | N/A | $0 | $0 | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | $0+100.0% | -$79K-100.1% | $57.0M+550363.9% | $10K | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
BSAA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|---|
| Return on Equity | 16.4%-4.6pp | 21.0% | N/A | 7.3%+7.5pp | -0.1% | N/A | N/A |
| Return on Assets | 5.6%+5.0pp | 0.6% | N/A | 0.4%+0.4pp | 0.0% | N/A | N/A |
| Current Ratio | 6.25-0.8x | 7.07-2.2x | 9.29+2.2x | 7.13-2.0x | 9.10 | N/A | 2.73 |
| Debt-to-Equity | 1.90-31.0x | 32.94+11.1x | 21.84+5.4x | 16.47+4.1x | 12.34 | N/A | 0.25 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Where BEST SPAC I Ranks
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) recorded an outflow of $598K in operating cash flow during fiscal year 2025, representing cash used by 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.
Are BEST SPAC I's earnings high quality?
For every $1 of reported earnings, BEST SPAC I (BSAA) used $0.92 of operating cash (-$598K OCF vs $650K 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.