byNordic Acquisition Corporation (BYNO) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the BYNO SEC filings page.
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).
The dominant mechanic is capital-structure funding supporting persistent operating outflows as assets shrink and negative equity deepens.
From FY2023 through FY2025, negative operating cash flow coincided with positive investing cash flow and financing outflows, indicating non-operating cash movements—not operating receipts—drove changes in available funds. FY2025 paired operating cash flow of-$1.1M with net income of-$732K , showing the reported loss translated into a cash outflow rather than being merely an accounting result.
Negative book equity widened from
Revenue is reported only in FY2022, while FY2023–FY2025 still show operating losses and cash outflows; that combination points to a non-operating structure whose recurring costs continued without disclosed operating receipts.
Financial Health Signals
byNordic Acquisition Corporation 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.
byNordic Acquisition Corporation passes 0 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
byNordic Acquisition Corporation reported a net loss of $732K while operations used $1.1M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
byNordic Acquisition Corporation reported -$322K in net income in Q2 2026. This represents a decrease of 136.5% from the same quarter a year earlier. Against the prior quarter it is up 36.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
byNordic Acquisition Corporation held $150K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
BYNO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $30K0.0% | $30K0.0% | N/A | $30K0.0% | $30K0.0% | $30K0.0% | N/A | $30K0.0% |
| Operating Income | -$359K-48.0% | -$545K-92.7% | N/A | -$323K+34.2% | -$243K+30.9% | -$283K+14.4% | N/A | -$491K-14.2% |
| Income Tax | $12K-42.9% | $10K-57.5% | N/A | $18K-77.3% | $21K-79.1% | $22K-77.9% | N/A | $79K-73.2% |
| Net Income | -$322K-136.5% | -$506K-181.9% | N/A | -$250K-21.2% | -$136K-271.1% | -$179K-289.4% | N/A | -$206K-128.8% |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
BYNO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.9M-53.2% | $5.8M-53.9% | $5.9M-51.8% | $5.7M-58.1% | $12.6M-70.5% | $12.5M-70.4% | $12.2M-70.7% | $13.7M-65.8% |
| Current Assets | $187K-37.8% | $128K-67.0% | $372K-3.1% | $300K-85.0% | $301K-84.5% | $388K-80.0% | $384K-83.6% | $2.0M+109.0% |
| Cash & Equivalents | $150K-31.8% | $86K-68.0% | $338K+23.9% | $244K-87.4% | $220K-88.4% | $269K-85.7% | $273K-88.2% | $1.9M+109.5% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $5.7M-53.5% | $5.6M-53.5% | $5.5M-53.4% | $5.4M-53.5% | $12.3M-69.8% | $12.1M-69.9% | $11.9M-70.0% | $11.7M |
| Total Liabilities | $21.3M-18.9% | $20.7M-19.7% | $20.3M-19.5% | $19.8M-24.3% | $26.3M-51.6% | $25.8M-51.4% | $25.2M-51.9% | $26.2M-48.0% |
| Current Liabilities | $9.4M+21.1% | $8.9M+18.9% | $8.5M+20.9% | $8.2M-1.6% | $7.7M+5.3% | $7.5M+8.8% | $7.0M+5.8% | $8.3M+61.3% |
| Non-Current Liabilities | $11.9M-35.6% | $11.8M-35.4% | $11.7M-35.2% | $11.7M-34.9% | $18.5M-60.5% | $18.3M-60.3% | $18.1M-60.3% | $17.9M-60.5% |
| Total Equity | -$15.4M-12.7% | -$15.0M-12.4% | -$14.4M-11.1% | -$14.1M-12.7% | -$13.6M-18.3% | -$13.3M-21.8% | -$12.9M-23.8% | -$12.5M-21.3% |
| Retained Earnings | -$15.4M-12.7% | -$15.0M-12.4% | -$14.4M-11.1% | -$14.1M-12.7% | -$13.6M-18.3% | -$13.3M-21.8% | -$12.9M-23.8% | -$12.5M-21.3% |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
BYNO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$152K+15.7% | -$199K+62.6% | -$163K+91.6% | -$220K+43.6% | -$180K+61.8% | -$532K-124.1% | -$1.9M-313.8% | -$390K+50.9% |
| Stock-Based Compensation | N/A | $841K0.0% | N/A | N/A | N/A | $841K | N/A | N/A |
| Investing Cash Flow | -$34K+50.8% | -$52K+56.7% | -$43K-38.7% | $7.0M-76.3% | -$69K-850.6% | -$121K+35.8% | -$31K-120.9% | $29.4M-79.8% |
| Financing Cash Flow | N/A | N/A | $300K0.0% | -$6.7M+76.8% | $200K | $650K | $300K-82.4% | -$29.0M+80.0% |
| Share Buybacks | N/A | N/A | $0 | N/A | N/A | N/A | $0 | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Dividends Paid.
BYNO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Asset Turnover, FCF Margin.
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.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| byNordic Acquisition Corporation BYNO | FY2025 | N/A | -$732K | N/A | $89.4M | — |
| Edgemode EDGM | FY2025 | $0 | N/A | N/A | $1.5M | — |
| CANNA GLOBAL ACQUISITION CORP CNGL | FY2023 | N/A | -$348K | N/A | $92.9M | — |
| ATHENA TECHNOLOGY ACQ CORP II ATEK | FY2025 | N/A | -$1.3M | N/A | $10.1M | — |
Where byNordic Acquisition Corporation Ranks
Frequently Asked Questions
Is byNordic Acquisition Corporation profitable?
No, byNordic Acquisition Corporation (BYNO) reported a net income of -$732K in fiscal year 2025.
What is byNordic Acquisition Corporation's operating cash flow?
byNordic Acquisition Corporation (BYNO) recorded an outflow of $1.1M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are byNordic Acquisition Corporation's total assets?
byNordic Acquisition Corporation (BYNO) had $5.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is byNordic Acquisition Corporation's current ratio?
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.
What is byNordic Acquisition Corporation's return on assets (ROA)?
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.
Why is byNordic Acquisition Corporation's debt-to-equity ratio negative or not reported?
byNordic Acquisition Corporation (BYNO) has negative shareholder equity of -$14.4M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.
What is byNordic Acquisition Corporation's Piotroski F-Score?
byNordic Acquisition Corporation (BYNO) has a Piotroski F-Score of 0 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are byNordic Acquisition Corporation's earnings high quality?
byNordic Acquisition Corporation (BYNO) reported a net loss of $732K while operations used $1.1M of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.