Cal Redwood Acquisition Corp Financials
This page shows Cal Redwood Acquisition Corp (CRAQ) 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).
Balance-sheet financing, not operations, dominates this company: capital raised was deployed almost immediately while reported profit sat above an operating loss.
The unusual combination of$5.1M net income and a-$468K operating loss shows the year’s profit did not come from the core cost structure. Because operating cash flow was also-$446K , while$231.5M of financing inflow was almost fully redeployed into investing, the balance sheet behaved more like a conduit for capital deployment than a cash-accumulating business.
Short-term liquidity looks comfortable with a current ratio of 6.7x, a sign that near-term obligations are limited. But liabilities of
With no reported revenue and only
Financial Health Signals
We are recalculating Cal Redwood 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, Cal Redwood Acquisition Corp generates $-0.09 in operating cash flow (-$446K OCF vs $5.1M 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
Cal Redwood Acquisition Corp reported $5.1M in net income in fiscal year 2025.
Cash & Balance Sheet
Cal Redwood Acquisition Corp held $1.1M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Capital Allocation
CRAQ Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $132K | N/A | $129K-5.7% | $136K+218.5% | $43K |
| Operating Income | -$132K | N/A | -$129K+5.7% | -$136K-218.5% | -$43K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | N/A | N/A | N/A | $0 |
| Net Income | $1.9M | N/A | $2.3M+290.2% | $600K+1500.1% | -$43K |
| EPS (Diluted) | $0.06 | N/A | N/A | N/A | $-0.01 |
CRAQ Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|
| Total Assets | $238.8M+0.8% | $236.9M+0.9% | $234.7M+1.0% | $232.3M+109799.8% | $211K |
| Current Assets | $1.1M-5.7% | $1.2M-6.2% | $1.3M-11.4% | $1.4M+5670.0% | $25K |
| Cash & Equivalents | $962K-12.3% | $1.1M-5.0% | $1.2M-17.1% | $1.4M+5468.7% | $25K |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $247.1M+0.8% | $245.0M+1.0% | $242.7M+1.0% | $240.2M+104690.2% | $229K |
| Current Liabilities | $211K+17.8% | $180K+34.4% | $134K+13.9% | $117K-48.8% | $229K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$8.3M-1.5% | -$8.1M-1.9% | -$8.0M-1.5% | -$7.9M-44085.7% | -$18K |
| Retained Earnings | -$8.3M-1.5% | -$8.1M-1.9% | -$8.0M | N/A | -$43K |
CRAQ Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$135K-134.4% | -$57K+75.8% | -$238K | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | $0 | $0 | N/A | N/A |
| Financing Cash Flow | $25K | $0 | $0-100.0% | $231.5M+925973.7% | $25K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
CRAQ Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.8% | N/A | 1.0%+0.7pp | 0.3%+20.5pp | -20.3% |
| Current Ratio | 5.35-1.3 | 6.68-2.9 | 9.57-2.7 | 12.30+12.2 | 0.11 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$8.1M), 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.
Frequently Asked Questions
Is Cal Redwood Acquisition Corp profitable?
Yes, Cal Redwood Acquisition Corp (CRAQ) reported a net income of $5.1M in fiscal year 2025.
What is Cal Redwood Acquisition Corp's operating cash flow?
Cal Redwood Acquisition Corp (CRAQ) generated -$446K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Cal Redwood Acquisition Corp's total assets?
Cal Redwood Acquisition Corp (CRAQ) had $236.9M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Cal Redwood Acquisition Corp's current ratio?
Cal Redwood Acquisition Corp (CRAQ) had a current ratio of 6.68 as of fiscal year 2025, which is generally considered healthy.
What is Cal Redwood Acquisition Corp's return on assets (ROA)?
Cal Redwood Acquisition Corp (CRAQ) had a return on assets of 2.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Cal Redwood Acquisition Corp's cash runway?
Based on fiscal year 2025 data, Cal Redwood Acquisition Corp (CRAQ) had $1.1M in cash against an annual operating cash burn of $446K. This gives an estimated cash runway of approximately 29 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 Cal Redwood Acquisition Corp's debt-to-equity ratio negative or not reported?
Cal Redwood Acquisition Corp (CRAQ) has negative shareholder equity of -$8.1M 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.
Are Cal Redwood Acquisition Corp's earnings high quality?
Cal Redwood Acquisition Corp (CRAQ) has an earnings quality ratio of -0.09x, 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.