BEST SPAC I Acquisition Corp. Financials
This page shows BEST SPAC I Acquisition Corp. (BSAAU) 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
Based on FY2025 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 BEST SPAC I 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.
BEST SPAC I Acquisition Corp. has elevated debt relative to equity (D/E of 21.84), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
With a current ratio of 9.29, BEST SPAC I Acquisition Corp. holds $9.29 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
BEST SPAC I Acquisition Corp. earns a strong 25.8% return on equity (ROE), meaning it generates $26 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 68/100.
For every $1 of reported earnings, BEST SPAC I Acquisition Corp. 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
Earnings & Revenue
BEST SPAC I Acquisition Corp. reported $650K in net income in fiscal year 2025.
Cash & Balance Sheet
BEST SPAC I Acquisition Corp. held $1.3M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
BEST SPAC I Acquisition Corp.'s ROE was 25.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
BSAAU Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $145K | N/A | $424K+352.8% | $94K+130.0% | $41K | N/A |
| Operating Income | -$145K | N/A | -$424K-352.8% | -$94K-130.0% | -$41K | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $359K | N/A | $240K+4250.6% | -$6K+85.8% | -$41K | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A |
BSAAU Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|
| Total Assets | $58.0M+0.7% | $57.6M+0.7% | $57.2M+0.4% | $57.0M | N/A | $28K |
| Current Assets | $1.3M-7.1% | $1.4M-9.4% | $1.6M-17.1% | $1.9M | N/A | $15K |
| Cash & Equivalents | $1.2M-9.5% | $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 | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $56.3M+2.2% | $55.1M+2.1% | $54.0M+2.4% | $52.7M | N/A | $6K |
| Current Liabilities | $187K+22.0% | $153K-30.5% | $220K+5.8% | $208K | N/A | $6K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.7M-32.3% | $2.5M-23.0% | $3.3M-23.3% | $4.3M+22987.9% | -$19K-184.9% | $22K |
| Retained Earnings | $1.0M+55.6% | $647K+238.8% | $191K+486.0% | -$49K | N/A | -$3K |
BSAAU Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$123K-46.9% | -$84K+73.5% | -$317K-69.4% | -$187K-1707.2% | -$10K | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | $0 | $0 | N/A | N/A | N/A |
| Financing Cash Flow | N/A | $0+100.0% | -$79K-100.1% | $57.0M+550363.9% | $10K | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A |
BSAAU Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | 21.0% | N/A | 7.3%+7.5pp | -0.1% | N/A | N/A |
| Return on Assets | 0.6% | N/A | 0.4%+0.4pp | -0.0% | N/A | N/A |
| Current Ratio | 7.07-2.2 | 9.29+2.2 | 7.13-2.0 | 9.10 | N/A | 2.73 |
| Debt-to-Equity | 32.94+11.1 | 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 | N/A |
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Frequently Asked Questions
Is BEST SPAC I Acquisition Corp. profitable?
Yes, BEST SPAC I Acquisition Corp. (BSAAU) reported a net income of $650K in fiscal year 2025.
What is BEST SPAC I Acquisition Corp.'s return on equity (ROE)?
BEST SPAC I Acquisition Corp. (BSAAU) 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 Acquisition Corp.'s operating cash flow?
BEST SPAC I Acquisition Corp. (BSAAU) generated -$598K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are BEST SPAC I Acquisition Corp.'s total assets?
BEST SPAC I Acquisition Corp. (BSAAU) had $57.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is BEST SPAC I Acquisition Corp.'s current ratio?
BEST SPAC I Acquisition Corp. (BSAAU) had a current ratio of 9.29 as of fiscal year 2025, which is generally considered healthy.
What is BEST SPAC I Acquisition Corp.'s debt-to-equity ratio?
BEST SPAC I Acquisition Corp. (BSAAU) 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 Acquisition Corp.'s return on assets (ROA)?
BEST SPAC I Acquisition Corp. (BSAAU) 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 Acquisition Corp.'s cash runway?
Based on fiscal year 2025 data, BEST SPAC I Acquisition Corp. (BSAAU) 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 Acquisition Corp.'s earnings high quality?
BEST SPAC I Acquisition Corp. (BSAAU) 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.
How financially healthy is BEST SPAC I Acquisition Corp.?
BEST SPAC I Acquisition Corp. (BSAAU) scores 28 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.