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byNordic Acquisition Corporation Financials

BYNO
Source SEC Filings (10-K/10-Q) Updated Mar 25, 2026 Currency USD FYE March

This page shows byNordic Acquisition Corporation (BYNO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 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).

Financial Health Signals

Piotroski F-Score Weak
0/9

byNordic Acquisition Corporation passes 0 of 9 financial strength tests. No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality
1.50x

For every $1 of reported earnings, byNordic Acquisition Corporation generates $1.50 in operating cash flow (-$1.1M OCF vs -$732K 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

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
-$732K
YoY-254.2%

byNordic Acquisition Corporation reported -$732K in net income in fiscal year 2025. This represents a decrease of 254.2% from the prior year.

EPS (Diluted)
$-0.10

byNordic Acquisition Corporation earned $-0.10 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$273K
YoY+0.0%

byNordic Acquisition Corporation held $273K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
3M

byNordic Acquisition Corporation had 3M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
$7.0M
YoY-76.2%

byNordic Acquisition Corporation spent $7.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 76.2% from the prior year.

Capital Expenditures
N/A

BYNO Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue N/A N/A 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 N/A N/A
Gross Profit N/A N/A 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 N/A N/A
SG&A Expenses $30K0.0% $30K0.0% $30K N/A $30K0.0% $30K0.0% $30K N/A
Operating Income -$323K-33.0% -$243K+14.2% -$283K N/A -$491K-39.8% -$351K-6.2% -$331K N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $18K-16.0% $21K-4.7% $22K N/A $79K-22.6% $102K+1.1% $101K N/A
Net Income -$250K-83.7% -$136K+24.2% -$179K N/A -$206K-359.5% $79K-16.1% $95K N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

BYNO Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $5.7M-54.5% $12.6M+0.9% $12.5M+2.0% $12.2M-10.6% $13.7M-67.9% $42.7M+1.3% $42.2M+0.7% $41.9M
Current Assets $300K-0.3% $301K-22.5% $388K+1.1% $384K-80.8% $2.0M+3.0% $1.9M+0.4% $1.9M-17.3% $2.3M
Cash & Equivalents $244K+10.8% $220K-18.2% $269K-1.1% $273K-85.9% $1.9M+1.7% $1.9M+1.1% $1.9M-18.5% $2.3M
Inventory N/A N/A 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 N/A N/A
Goodwill N/A N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $19.8M-24.4% $26.3M+1.7% $25.8M+2.5% $25.2M-4.0% $26.2M-51.7% $54.2M+2.2% $53.1M+1.5% $52.3M
Current Liabilities $8.2M+6.0% $7.7M+3.3% $7.5M+6.1% $7.0M-15.3% $8.3M+13.6% $7.3M+6.7% $6.9M+3.1% $6.7M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$14.1M-3.4% -$13.6M-2.5% -$13.3M-3.0% -$12.9M-3.3% -$12.5M-8.5% -$11.5M-5.6% -$10.9M-4.7% -$10.4M
Retained Earnings -$14.1M-3.4% -$13.6M-2.5% -$13.3M-3.0% -$12.9M-3.3% -$12.5M-8.5% -$11.5M-5.6% -$10.9M-4.7% -$10.4M

BYNO Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$220K-22.1% -$180K+66.1% -$532K+72.4% -$1.9M-394.7% -$390K+17.3% -$472K-98.8% -$237K+49.1% -$467K
Capital Expenditures N/A N/A 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 N/A N/A
Investing Cash Flow $7.0M+10206.7% -$69K+43.0% -$121K-286.4% -$31K-100.1% $29.4M+405934.8% -$7K+96.2% -$188K-225.5% $150K
Financing Cash Flow -$6.7M-3459.8% $200K-69.2% $650K+116.7% $300K+101.0% -$29.0M N/A N/A $1.7M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A $0 N/A N/A N/A $0

BYNO Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin N/A N/A 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 N/A N/A
Net Margin N/A N/A N/A N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A N/A
Return on Assets -4.3%-3.3pp -1.1%+0.4pp -1.4% N/A -1.5%-1.7pp 0.2%-0.0pp 0.2% N/A
Current Ratio 0.040.0 0.04-0.0 0.050.0 0.05-0.2 0.24-0.0 0.27-0.0 0.28-0.1 0.35
Debt-to-Equity -1.41+0.5 -1.92+0.0 -1.940.0 -1.95+0.1 -2.09+2.6 -4.70+0.2 -4.86+0.2 -5.01
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$14.4M), 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.

Note: The current ratio is below 1.0 (0.04), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

No, byNordic Acquisition Corporation (BYNO) reported a net income of -$732K in fiscal year 2025.

byNordic Acquisition Corporation (BYNO) reported diluted earnings per share of $-0.10 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

byNordic Acquisition Corporation (BYNO) generated -$1.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

byNordic Acquisition Corporation (BYNO) had $5.9M in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, byNordic Acquisition Corporation (BYNO) spent $7.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

byNordic Acquisition Corporation (BYNO) had 3M shares outstanding as of fiscal year 2025.

byNordic Acquisition Corporation (BYNO) had a current ratio of 0.04 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

byNordic Acquisition Corporation (BYNO) had a debt-to-equity ratio of -1.41 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

byNordic Acquisition Corporation (BYNO) had a return on assets of -12.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, byNordic Acquisition Corporation (BYNO) had $273K in cash against an annual operating cash burn of $1.1M. This gives an estimated cash runway of approximately 3 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.

byNordic Acquisition Corporation (BYNO) has negative shareholder equity of -$14.4M as of fiscal year 2025, 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.

byNordic Acquisition Corporation (BYNO) has a Piotroski F-Score of 0 out of 9, indicating weak financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

byNordic Acquisition Corporation (BYNO) has an earnings quality ratio of 1.50x, 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.

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