Concord Acquisition Corp Ii Financials
This page shows Concord Acquisition Corp Ii (CNDA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 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
Concord Acquisition Corp Ii passes 1 of 9 financial strength tests. No profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Concord Acquisition Corp Ii generates $2.02 in operating cash flow (-$1.5M OCF vs -$766K 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
Concord Acquisition Corp Ii reported -$766K in net income in fiscal year 2024. This represents a decrease of 111.0% from the prior year.
Concord Acquisition Corp Ii held $538K in cash against $0 in long-term debt as of fiscal year 2024.
CNDA Income Statement
| Metric | Q3'25 | Q4'23 | Q3'24 | Q4'22 | Q3'23 | Q2'23 | Q4'21 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| 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 | -$255K | N/A | -$1.4M | N/A | -$270K+11.7% | -$306K | N/A | -$191K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | -$45 | N/A | $638K | N/A | $255K+560.0% | $39K | N/A | N/A |
| Net Income | $1.3M | N/A | $112K | N/A | $883K-84.2% | $5.6M | N/A | $4.6M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
CNDA Balance Sheet
| Metric | Q3'25 | Q4'23 | Q3'24 | Q4'22 | Q3'23 | Q2'23 | Q4'21 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $294K-99.8% | $154.3M+0.6% | $153.3M-46.2% | $284.9M+0.6% | $283.2M+0.4% | $282.2M-0.1% | $282.6M-0.1% | $282.7M |
| Current Assets | $195K-48.2% | $377K-47.6% | $719K-47.6% | $1.4M+0.9% | $1.4M-11.4% | $1.5M-29.0% | $2.2M-5.0% | $2.3M |
| Cash & Equivalents | $82K-77.3% | $363K-40.0% | $606K-44.0% | $1.1M+9.7% | $985K-10.9% | $1.1M-37.3% | $1.8M-6.8% | $1.9M |
| 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 | $7.8M-95.2% | $162.5M-2.4% | $166.6M-43.5% | $295.0M+0.2% | $294.6M+0.4% | $293.5M-3.6% | $304.3M+0.3% | $303.3M |
| Current Liabilities | $5.8M+131.1% | $2.5M-3.5% | $2.6M+417.2% | $505K+16.2% | $435K+189.9% | $150K-52.4% | $315K+137.9% | $132K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$7.5M+8.3% | -$8.2M+38.0% | -$13.2M-29.8% | -$10.2M+10.4% | -$11.4M-0.7% | -$11.3M+48.1% | -$21.8M-5.7% | -$20.6M |
| Retained Earnings | -$7.5M+8.3% | -$8.2M+38.0% | -$13.2M-29.8% | -$10.2M+10.4% | -$11.4M-0.7% | -$11.3M+48.1% | -$21.8M-5.7% | -$20.6M |
CNDA Cash Flow Statement
| Metric | Q3'25 | Q4'23 | Q3'24 | Q4'22 | Q3'23 | Q2'23 | Q4'21 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $62K+109.7% | -$639K+34.3% | -$974K-59.2% | -$612K-409.6% | -$120K+36.1% | -$188K-121.2% | $884K | N/A |
| 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 | $0-100.0% | $397K-99.7% | $138.6M | N/A | N/A | N/A | $0 | N/A |
| Financing Cash Flow | $0 | $0 | N/A | N/A | N/A | N/A | -$1.0M-100.4% | $283.8M |
| 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 |
CNDA Financial Ratios
| Metric | Q3'25 | Q4'23 | Q3'24 | Q4'22 | Q3'23 | Q2'23 | Q4'21 | Q3'22 |
|---|---|---|---|---|---|---|---|---|
| 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 | 441.3% | N/A | 0.1% | N/A | 0.3%-1.7pp | 2.0% | N/A | 1.6% |
| Current Ratio | 0.03-0.1 | 0.15-0.1 | 0.28-2.4 | 2.72-0.4 | 3.13-7.1 | 10.23+3.4 | 6.86-10.3 | 17.18 |
| Debt-to-Equity | -1.04+18.8 | -19.80-7.2 | -12.58+16.4 | -28.94-3.1 | -25.88+0.1 | -25.95-12.0 | -13.97+0.7 | -14.72 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$9.0M), 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 (0.17), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Concord Acquisition Corp Ii profitable?
No, Concord Acquisition Corp Ii (CNDA) reported a net income of -$766K in fiscal year 2024.
What is Concord Acquisition Corp Ii's operating cash flow?
Concord Acquisition Corp Ii (CNDA) generated -$1.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Concord Acquisition Corp Ii's total assets?
Concord Acquisition Corp Ii (CNDA) had $24.7M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Concord Acquisition Corp Ii's current ratio?
Concord Acquisition Corp Ii (CNDA) had a current ratio of 0.17 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Concord Acquisition Corp Ii's debt-to-equity ratio?
Concord Acquisition Corp Ii (CNDA) had a debt-to-equity ratio of -3.75 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Concord Acquisition Corp Ii's return on assets (ROA)?
Concord Acquisition Corp Ii (CNDA) had a return on assets of -3.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Concord Acquisition Corp Ii's cash runway?
Based on fiscal year 2024 data, Concord Acquisition Corp Ii (CNDA) had $538K in cash against an annual operating cash burn of $1.5M. This gives an estimated cash runway of approximately 4 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 Concord Acquisition Corp Ii's debt-to-equity ratio negative or unusual?
Concord Acquisition Corp Ii (CNDA) has negative shareholder equity of -$9.0M as of fiscal year 2024, 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 Concord Acquisition Corp Ii's Piotroski F-Score?
Concord Acquisition Corp Ii (CNDA) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Concord Acquisition Corp Ii's earnings high quality?
Concord Acquisition Corp Ii (CNDA) has an earnings quality ratio of 2.02x, 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.