CSLM Acquisition Corp Financials

CSLMF

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

This page shows CSLM Acquisition Corp (CSLMF) 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

Piotroski F-Score Weak

3/9

CSLM Acquisition Corp passes 3 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Cash-Backed

7.36x

For every $1 of reported earnings, CSLM Acquisition Corp generates $7.36 in operating cash flow ($1.3M OCF vs $172K net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk

-18.4x

CSLM Acquisition Corp earns $-18.4 in operating income for every $1 of interest expense (-$1.9M vs $101K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

$172K

YoY-96.3%

CSLM Acquisition Corp reported $172K in net income in fiscal year 2024. This represents a decrease of 96.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$83K

YoY-39.8%

CSLM Acquisition Corp held $83K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

N/A

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

$38.6M

YoY-74.2%

CSLM Acquisition Corp spent $38.6M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 74.2% from the prior year.

Capital Expenditures

N/A

CSLMF Income Statement

Metric	FY24	FY23	FY22
Revenue	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A
SG&A Expenses	$120K-50.0%	$240K	N/A
Operating Income	-$1.9M-12.8%	-$1.6M-55.1%	-$1.1M
Interest Expense	$101K+258.3%	$28K	$0
Income Tax	N/A	N/A	N/A
Net Income	$172K-96.3%	$4.6M+124.9%	$2.1M
EPS (Diluted)	N/A	N/A	N/A

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	$38K+25.5%	$30K	N/A	$30K+26.4%	$24K-20.9%	$30K	N/A	$0
Operating Income	-$374K+8.1%	-$408K	N/A	-$613K-164.0%	-$232K+59.0%	-$566K	N/A	-$312K
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	-$204K+90.1%	-$2.1M	N/A	-$133K-131.5%	$422K+185.3%	$148K	N/A	$858K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

CSLMF Balance Sheet

Metric	FY24	FY23	FY22
Total Assets	$16.2M-69.0%	$52.2M-73.3%	$195.5M
Current Assets	$16.2M-69.0%	$52.2M-73.3%	$195.5M
Cash & Equivalents	$83K-39.8%	$138K-38.4%	$224K
Inventory	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A
Total Liabilities	$26.9M-55.6%	$60.5M-70.1%	$202.0M
Current Liabilities	$10.8M+27.2%	$8.5M+17.5%	$7.2M
Long-Term Debt	N/A	N/A	N/A
Total Equity	-$10.7M-28.6%	-$8.3M-28.2%	-$6.5M
Retained Earnings	-$10.7M-28.6%	-$8.3M-28.2%	-$6.5M

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$16.7M+2.0%	$16.3M+1.1%	$16.2M+1.8%	$15.9M-70.5%	$53.9M+1.5%	$53.1M+1.8%	$52.2M+1.6%	$51.3M
Current Assets	$16.7M	N/A	$16.2M	N/A	N/A	N/A	$52.2M	N/A
Cash & Equivalents	$14K+337.0%	$3K-96.1%	$83K+75.8%	$47K-24.5%	$63K-31.2%	$91K-34.1%	$138K+114.4%	$65K
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	$28.3M+2.7%	$27.5M+2.4%	$26.9M+3.1%	$26.1M-58.9%	$63.4M+2.0%	$62.1M+2.7%	$60.5M+2.4%	$59.1M
Current Liabilities	$11.7M	N/A	$10.8M	N/A	N/A	N/A	$8.5M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$11.6M-3.9%	-$11.2M-4.4%	-$10.7M-5.0%	-$10.2M-7.5%	-$9.5M-5.0%	-$9.0M-8.6%	-$8.3M-7.7%	-$7.7M
Retained Earnings	-$13.0M-1.6%	-$12.8M-20.0%	-$10.7M-5.0%	-$10.2M-7.5%	-$9.5M-5.0%	-$9.0M-8.6%	-$8.3M-7.7%	-$7.7M

CSLMF Cash Flow Statement

Metric	FY24	FY23	FY22
Operating Cash Flow	$1.3M-51.4%	$2.6M+301.6%	-$1.3M
Capital Expenditures	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A
Investing Cash Flow	$35.8M-75.4%	$145.6M+176.0%	-$191.6M
Financing Cash Flow	-$37.1M+75.0%	-$148.3M-176.8%	$193.2M
Dividends Paid	N/A	N/A	N/A
Share Buybacks	$38.6M-74.2%	$149.5M	N/A

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	-$230K-425.7%	$71K+182.2%	-$86K-116.0%	$539K-33.1%	$805K+8120.1%	$10K-98.4%	$622K-60.6%	$1.6M
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	-$262K-0.5%	-$261K+6.3%	-$278K-100.7%	$37.8M+3435.5%	-$1.1M-72.6%	-$657K+25.2%	-$878K-100.6%	$147.5M
Financing Cash Flow	$503K+357.3%	$110K-72.5%	$400K+101.0%	-$38.4M-12892.1%	$300K-50.0%	$600K+81.8%	$330K+100.2%	-$149.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0	N/A	N/A	N/A	$0	N/A

CSLMF Financial Ratios

Metric	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A
Return on Assets	1.1%-7.8pp	8.9%+7.8pp	1.1%
Current Ratio	1.50-4.6	6.13-20.9	27.02
Debt-to-Equity	-2.51+4.8	-7.27+23.9	-31.13
FCF Margin	N/A	N/A	N/A

Metric	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
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	-1.2%+11.4pp	-12.6%	N/A	-0.8%-1.6pp	0.8%+0.5pp	0.3%	N/A	1.7%
Current Ratio	1.43	N/A	1.50	N/A	N/A	N/A	6.13	N/A
Debt-to-Equity	-2.44+0.0	-2.46+0.0	-2.51+0.0	-2.56+4.1	-6.69+0.2	-6.88+0.4	-7.27+0.4	-7.65
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$10.7M), 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.

Frequently Asked Questions

Is CSLM Acquisition Corp profitable?

Yes, CSLM Acquisition Corp (CSLMF) reported a net income of $172K in fiscal year 2024.

What is CSLM Acquisition Corp's operating cash flow?

CSLM Acquisition Corp (CSLMF) generated $1.3M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are CSLM Acquisition Corp's total assets?

CSLM Acquisition Corp (CSLMF) had $16.2M in total assets as of fiscal year 2024, including both current and long-term assets.

Does CSLM Acquisition Corp buy back shares?

Yes, CSLM Acquisition Corp (CSLMF) spent $38.6M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

What is CSLM Acquisition Corp's current ratio?

CSLM Acquisition Corp (CSLMF) had a current ratio of 1.50 as of fiscal year 2024, which is considered adequate.

What is CSLM Acquisition Corp's debt-to-equity ratio?

CSLM Acquisition Corp (CSLMF) had a debt-to-equity ratio of -2.51 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is CSLM Acquisition Corp's return on assets (ROA)?

CSLM Acquisition Corp (CSLMF) had a return on assets of 1.1% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Why is CSLM Acquisition Corp's debt-to-equity ratio negative or unusual?

CSLM Acquisition Corp (CSLMF) has negative shareholder equity of -$10.7M 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 CSLM Acquisition Corp's Piotroski F-Score?

CSLM Acquisition Corp (CSLMF) has a Piotroski F-Score of 3 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 CSLM Acquisition Corp's earnings high quality?

CSLM Acquisition Corp (CSLMF) has an earnings quality ratio of 7.36x, considered cash-backed (high quality). 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.

Can CSLM Acquisition Corp cover its interest payments?

CSLM Acquisition Corp (CSLMF) has an interest coverage ratio of -18.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.