Concord Acquisition Corp Ii Financials
This page shows Concord Acquisition Corp Ii (CNDAW) 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).
CNDAW’s filings show persistent operating cash use alongside a rapidly shrinking balance sheet, not a self-funding operating model.
FY2025 reported net income of$556K , but the same year still carried an operating loss of-$1.3M and operating cash flow of-$929K ; together, those figures show the return to profit did not come from day-to-day operations. Across FY2023 to FY2025, total assets fell from$154.3M to$354K while equity remained negative, so the balance sheet contracted far faster than the obligation load did.
Near-term liquidity weakened sharply: the current ratio moved from 2.7x in FY2022 to 0.04x in FY2025, and cash of
Core cash use did ease, with operating cash flow improving from
Financial Health Signals
Concord Acquisition Corp Ii 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.
Concord Acquisition Corp Ii passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Concord Acquisition Corp Ii used $1.67 of operating cash (-$929K OCF vs $556K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Concord Acquisition Corp Ii reported $556K in net income in fiscal year 2025. This represents an increase of 172.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Concord Acquisition Corp Ii held $197K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
CNDAW Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating Income | N/A | -$1.3M+41.1% | -$2.2M+6.8% | -$2.3M-98.7% | -$1.2M |
| Income Tax | N/A | $26K-96.1% | $672K-70.9% | $2.3M+196.3% | $780K |
| Net Income | N/A | $556K+172.6% | -$766K-111.0% | $7.0M-52.1% | $14.5M |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Interest Expense, EPS (Diluted).
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CNDAW Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Total Assets | $354K-98.6% | $24.7M-84.0% | $154.3M-45.8% | $284.9M |
| Current Assets | $254K-70.5% | $863K+128.8% | $377K-72.5% | $1.4M |
| Cash & Equivalents | $197K-63.4% | $538K+48.1% | $363K-66.4% | $1.1M |
| Total Liabilities | $9.1M-72.9% | $33.6M-79.3% | $162.5M-44.9% | $295.0M |
| Current Liabilities | $6.1M+16.5% | $5.2M+106.6% | $2.5M+399.3% | $505K |
| Total Equity | -$8.7M+2.4% | -$9.0M-9.3% | -$8.2M+19.5% | -$10.2M |
| Retained Earnings | -$8.7M+2.4% | -$9.0M-9.3% | -$8.2M+19.5% | -$10.2M |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
CNDAW Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$197K | -$929K+40.0% | -$1.5M+58.0% | -$3.7M-164.8% | -$1.4M |
| Investing Cash Flow | N/A | N/A | N/A | $140.8M+19790.1% | $708K |
| Financing Cash Flow | N/A | N/A | N/A | -$137.8M | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CNDAW Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 |
|---|---|---|---|---|
| Return on Assets | 157.1%+160.2pp | -3.1%-7.6pp | 4.5%-0.6pp | 5.1% |
| Current Ratio | 0.04-0.1x | 0.170.0x | 0.15-2.6x | 2.72 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$8.7M), 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.
Where Concord Acquisition Corp Ii Ranks
Frequently Asked Questions
Is Concord Acquisition Corp Ii profitable?
Yes, Concord Acquisition Corp Ii (CNDAW) reported a net income of $556K in fiscal year 2025.
What is Concord Acquisition Corp Ii's operating cash flow?
Concord Acquisition Corp Ii (CNDAW) recorded an outflow of $929K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Concord Acquisition Corp Ii's total assets?
Concord Acquisition Corp Ii (CNDAW) had $354K in total assets as of fiscal year 2025, including both current and long-term assets.
What is Concord Acquisition Corp Ii's current ratio?
Concord Acquisition Corp Ii (CNDAW) 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 Concord Acquisition Corp Ii's return on assets (ROA)?
Concord Acquisition Corp Ii (CNDAW) had a return on assets of 157.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Concord Acquisition Corp Ii's cash runway?
Based on fiscal year 2025 data, Concord Acquisition Corp Ii (CNDAW) had $197K in cash against an annual operating cash burn of $929K. 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.
Why is Concord Acquisition Corp Ii's debt-to-equity ratio negative or not reported?
Concord Acquisition Corp Ii (CNDAW) has negative shareholder equity of -$8.7M 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 Concord Acquisition Corp Ii's Piotroski F-Score?
Concord Acquisition Corp Ii (CNDAW) has a Piotroski F-Score of 2 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 Concord Acquisition Corp Ii's earnings high quality?
For every $1 of reported earnings, Concord Acquisition Corp Ii (CNDAW) used $1.67 of operating cash (-$929K OCF vs $556K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.