Capitalworks Emng Mkts Acqstn Financials

CMCWF

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE March

This page shows Capitalworks Emng Mkts Acqstn (CMCWF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).

Rhea AI CMCWF FY2024 2026-04-22

Reported profit sits on top of persistent cash burn and a liability-funded balance sheet with very thin liquidity.

Across FY2022 through the latest FY2024 period, net income stayed positive while operating cash flow stayed negative, including $1.6M of profit against -$358K of OCF in the latest year. That pattern matters more because cash fell to $23K and the current ratio to 0.09x, so accounting earnings are not replenishing the liquidity needed to cover near-term obligations.

The balance sheet is still underwater: latest assets of $13.7M sit below liabilities of $16.5M, leaving negative equity of -$2.8M. That means the business is being financed more by creditors and other obligations than by a residual shareholder cushion.

Liquidity has tightened sharply across the last three annual periods: cash and current assets shrank from $969K and $1.4M in FY2022 to $23K and $185K in the latest period, while current liabilities rose from $172K to $2.2M. The key operating implication is that even with a positive net margin of 20.3% on $8.1M of revenue, short-term resources are unusually tight relative to bills coming due.

Financial Health Signals

Financial Profile 0/100

Based on FY2026 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 Capitalworks Emng Mkts Acqstn'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.

Liquidity

Capitalworks Emng Mkts Acqstn's current ratio of 0.01 is below the typical benchmark, resulting in a score of 0/100. However, the company holds substantial cash reserves (745% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.

Piotroski F-Score Weak

1/9

Capitalworks Emng Mkts Acqstn passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.11x

For every $1 of reported earnings, Capitalworks Emng Mkts Acqstn generates $0.11 in operating cash flow (-$189K OCF vs -$1.7M 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

-$1.7M

YoY-203.6%

Capitalworks Emng Mkts Acqstn reported -$1.7M in net income in fiscal year 2026. This represents a decrease of 203.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$2.5M

YoY+10636.3%

Capitalworks Emng Mkts Acqstn held $2.5M in cash against $0 in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

Capitalworks Emng Mkts Acqstn had 6M shares outstanding in fiscal year 2026.

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

N/A

Capital Expenditures

N/A

CMCWF Income Statement

Metric	FY26	FY24	FY23	FY22
Revenue	N/A	$8.1M	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	$240K+200.0%	$80K
Operating Income	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A
Net Income	-$1.7M-203.6%	$1.6M-67.1%	$5.0M-74.2%	$19.3M
EPS (Diluted)	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	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	N/A
Net Income	N/A	-$229K-112.3%	-$108K+87.9%	-$897K	N/A	-$34K-109.3%	$362K-18.9%	$447K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CMCWF Balance Sheet

Metric	FY26	FY24	FY23	FY22
Total Assets	$2.5M-82.0%	$13.7M-94.3%	$240.7M+1.9%	$236.1M
Current Assets	$5K-97.5%	$185K-23.7%	$242K-83.2%	$1.4M
Cash & Equivalents	$2.5M+10636.3%	$23K-74.6%	$90K-90.7%	$969K
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$3.9M-76.1%	$16.5M-93.5%	$252.7M+2.2%	$247.3M
Current Liabilities	$330K-84.7%	$2.2M+50.8%	$1.4M+732.8%	$172K
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	-$1.5M+47.3%	-$2.8M+76.7%	-$12.0M-7.7%	-$11.2M
Retained Earnings	-$1.5M+52.9%	-$3.1M+73.9%	-$12.0M-7.7%	-$11.2M

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$2.5M-1.3%	$2.5M+2.5%	$2.4M+1.2%	$2.4M+0.8%	$2.4M	N/A	N/A	N/A
Current Assets	$5K-91.5%	$53K+244.5%	$15K+727.6%	$2K-57.7%	$4K	N/A	N/A	N/A
Cash & Equivalents	$2.5M+4526.3%	$53K+266.7%	$15K	$0-100.0%	$2.4M+10287.1%	$23K-62.8%	$62K-47.3%	$117K
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	$3.9M+12.7%	$3.5M+9.9%	$3.2M-40.7%	$5.4M+21.2%	$4.4M	N/A	N/A	N/A
Current Liabilities	$330K+41.2%	$234K+32.2%	$177K-91.3%	$2.0M+1.6%	$2.0M	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$1.5M-47.6%	-$1000K-33.9%	-$746K+74.7%	-$3.0M-45.1%	-$2.0M+27.3%	-$2.8M-6.4%	-$2.6M+7.3%	-$2.8M
Retained Earnings	-$1.5M-47.6%	-$1.0M-33.9%	-$747K+74.7%	-$3.0M-45.1%	-$2.0M	N/A	N/A	N/A

CMCWF Cash Flow Statement

Metric	FY26	FY24	FY23	FY22
Operating Cash Flow	-$189K+47.3%	-$358K+79.0%	-$1.7M-124.5%	-$759K
Capital Expenditures	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A
Investing Cash Flow	$0	$0	N/A	-$234.6M
Financing Cash Flow	$192K+9.4%	$175K-78.8%	$825K-99.7%	$236.3M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$0	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	-$133K-193.2%	-$45K-391.0%	$16K+161.0%	-$26K+82.8%	-$149K-242.4%	-$44K+21.4%	-$55K+49.9%	-$111K
Capital Expenditures	N/A	N/A	N/A	$0	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	-$26K	N/A	N/A	N/A	N/A
Investing Cash Flow	$0	$0	$0	$0	$0	$0	$0	$0
Financing Cash Flow	$85K+0.7%	$84K+7573.5%	-$1K-104.7%	$24K-81.2%	$128K+2571.4%	$5K	$0-100.0%	$43K
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	N/A	N/A	N/A	N/A	N/A

CMCWF Financial Ratios

Metric	FY26	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	20.3%	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	-68.9%-80.9pp	12.0%+9.9pp	2.1%-6.1pp	8.2%
Current Ratio	0.01-0.1	0.09-0.1	0.17-8.2	8.38
Debt-to-Equity	-2.67+3.2	-5.88+15.1	-21.03+1.1	-22.15
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
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	N/A	-9.2%-4.8pp	-4.4%+32.9pp	-37.3%	N/A	N/A	N/A	N/A
Current Ratio	0.01-0.2	0.23+0.1	0.09+0.1	0.000.0	0.00	N/A	N/A	N/A
Debt-to-Equity	-2.67+0.8	-3.50+0.8	-4.26-2.4	-1.81+0.4	-2.17	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$1.5M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

Is Capitalworks Emng Mkts Acqstn profitable?

No, Capitalworks Emng Mkts Acqstn (CMCWF) reported a net income of -$1.7M in fiscal year 2026.

What is Capitalworks Emng Mkts Acqstn's operating cash flow?

Capitalworks Emng Mkts Acqstn (CMCWF) generated -$189K in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Capitalworks Emng Mkts Acqstn's total assets?

Capitalworks Emng Mkts Acqstn (CMCWF) had $2.5M in total assets as of fiscal year 2026, including both current and long-term assets.

How many shares does Capitalworks Emng Mkts Acqstn have outstanding?

Capitalworks Emng Mkts Acqstn (CMCWF) had 6M shares outstanding as of fiscal year 2026.

What is Capitalworks Emng Mkts Acqstn's current ratio?

Capitalworks Emng Mkts Acqstn (CMCWF) had a current ratio of 0.01 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

What is Capitalworks Emng Mkts Acqstn's debt-to-equity ratio?

Capitalworks Emng Mkts Acqstn (CMCWF) had a debt-to-equity ratio of -2.67 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Capitalworks Emng Mkts Acqstn's return on assets (ROA)?

Capitalworks Emng Mkts Acqstn (CMCWF) had a return on assets of -68.9% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Capitalworks Emng Mkts Acqstn's cash runway?

Based on fiscal year 2026 data, Capitalworks Emng Mkts Acqstn (CMCWF) had $2.5M in cash against an annual operating cash burn of $189K. This gives an estimated cash runway of approximately 156 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 Capitalworks Emng Mkts Acqstn's debt-to-equity ratio negative or unusual?

Capitalworks Emng Mkts Acqstn (CMCWF) has negative shareholder equity of -$1.5M as of fiscal year 2026, 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.

What is Capitalworks Emng Mkts Acqstn's Piotroski F-Score?

Capitalworks Emng Mkts Acqstn (CMCWF) has a Piotroski F-Score of 1 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Capitalworks Emng Mkts Acqstn's earnings high quality?

Capitalworks Emng Mkts Acqstn (CMCWF) has an earnings quality ratio of 0.11x, 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 Capitalworks Emng Mkts Acqstn?

Capitalworks Emng Mkts Acqstn (CMCWF) scores 0 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.