Cayson Acquisition Corp Financials
This page shows Cayson Acquisition Corp (CAPN) 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).
Reported profit is not funding the business; the balance sheet shows very thin liquidity despite a positive FY2025 bottom line.
FY2025 net income of$1.64M sat alongside-$402K of operating cash flow, so earnings and cash generation diverged. With only$63.7K of cash and a 0.1x current ratio, that accounting profit did not translate into near-term financial flexibility.
The company finished FY2025 with
Current assets of
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
We are recalculating Cayson Acquisition Corp's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.
For every $1 of reported earnings, Cayson Acquisition Corp generates $-0.25 in operating cash flow (-$402K OCF vs $1.6M 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
Cayson Acquisition Corp reported $1.6M in net income in fiscal year 2025.
Cash & Balance Sheet
Cayson Acquisition Corp held $64K in cash against $0 in long-term debt as of fiscal year 2025.
Cayson Acquisition Corp had 2M shares outstanding in fiscal year 2025.
Margins & Returns
Capital Allocation
CAPN Income Statement
| Metric | 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 |
| Cost of Revenue | 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 |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$294K | N/A | -$234K+9.7% | -$259K-9.9% | -$236K | N/A | -$88K |
| Interest Expense | N/A | 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 | N/A |
| Net Income | $252K | N/A | $416K+8.4% | $384K-5.2% | $405K | N/A | -$31K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CAPN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Total Assets | $37.7M-41.6% | $64.6M+1.8% | $63.5M+1.8% | $62.4M+0.8% | $61.9M+0.8% | $61.4M+0.9% | $60.8M |
| Current Assets | $127K-16.5% | $152K-29.9% | $217K-31.0% | $314K-29.5% | $446K-25.0% | $595K-13.9% | $691K |
| Cash & Equivalents | $64K+1.2% | $64K-27.6% | $88K-52.1% | $183K-41.8% | $315K-32.3% | $465K-19.2% | $576K |
| Inventory | 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 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $41.2M-39.3% | $67.9M+2.8% | $66.1M+2.9% | $64.2M+0.9% | $63.7M+1.1% | $63.0M+1.1% | $62.3M |
| Current Liabilities | $1.5M+12.9% | $1.3M+87.5% | $698K+531.5% | $111K-32.1% | $163K+58.2% | $103K+9.3% | $94K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$3.5M-6.0% | -$3.3M-26.2% | -$2.6M-37.6% | -$1.9M-5.8% | -$1.8M-15.0% | -$1.5M-9.1% | -$1.4M |
| Retained Earnings | -$3.5M-6.0% | -$3.3M-26.2% | -$2.6M-27.2% | -$2.0M-14.5% | -$1.8M-15.0% | -$1.5M-9.1% | -$1.4M |
CAPN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $763+103.1% | -$24K+74.6% | -$96K+27.5% | -$132K+12.2% | -$150K-35.7% | -$111K+57.2% | -$259K |
| Capital Expenditures | 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 |
| Investing Cash Flow | $27.4M+4668.6% | -$600K | N/A | N/A | N/A | $0+100.0% | -$60.0M |
| Financing Cash Flow | -$27.4M-4668.6% | $600K | N/A | N/A | N/A | $0-100.0% | $60.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $27.5M | N/A | N/A | N/A | N/A | N/A | N/A |
CAPN Financial Ratios
| Metric | 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 |
| Operating Margin | 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 |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.7% | N/A | 0.7%+0.0pp | 0.6%-0.0pp | 0.7% | N/A | -0.1% |
| Current Ratio | 0.09-0.0 | 0.12-0.2 | 0.31-2.5 | 2.84+0.1 | 2.74-3.0 | 5.77-1.6 | 7.33 |
| Debt-to-Equity | -11.94+8.9 | -20.84+4.7 | -25.59+8.7 | -34.25+1.6 | -35.89+4.9 | -40.82+3.2 | -44.06 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$3.3M), 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 (0.12), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Cayson Acquisition Corp profitable?
Yes, Cayson Acquisition Corp (CAPN) reported a net income of $1.6M in fiscal year 2025.
What is Cayson Acquisition Corp's operating cash flow?
Cayson Acquisition Corp (CAPN) generated -$402K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cayson Acquisition Corp's total assets?
Cayson Acquisition Corp (CAPN) had $64.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Cayson Acquisition Corp's current ratio?
Cayson Acquisition Corp (CAPN) had a current ratio of 0.12 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Cayson Acquisition Corp's debt-to-equity ratio?
Cayson Acquisition Corp (CAPN) had a debt-to-equity ratio of -20.84 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Cayson Acquisition Corp's return on assets (ROA)?
Cayson Acquisition Corp (CAPN) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cayson Acquisition Corp's cash runway?
Based on fiscal year 2025 data, Cayson Acquisition Corp (CAPN) had $64K in cash against an annual operating cash burn of $402K. This gives an estimated cash runway of approximately 2 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.
Why is Cayson Acquisition Corp's debt-to-equity ratio negative or unusual?
Cayson Acquisition Corp (CAPN) has negative shareholder equity of -$3.3M 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.
Are Cayson Acquisition Corp's earnings high quality?
Cayson Acquisition Corp (CAPN) has an earnings quality ratio of -0.25x, 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.