Eureka Acquisition Corp Financials
This page shows Eureka Acquisition Corp (EURK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 2 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).
Accounting gains masked a cash-consuming shell as assets were unwound and FY2025 ended with negative equity.
Across FY2024 and FY2025, net income stayed positive even as operating income and operating cash flow were negative in both years, so earnings and cash kept pointing in opposite directions. With FY2025 net income at$1.37M but operating cash flow at-$669K , the reported profit was not coming from a self-funding operating engine; it depended on below-the-operating-line or non-cash items while corporate overhead still used cash.
The balance sheet contracted sharply, ending with total assets of
Cash flows look like a portfolio unwind: an investing cash inflow of
Financial Health Signals
Based on FY2025 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 Eureka Acquisition Corp'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.
Eureka Acquisition Corp has elevated debt relative to equity (D/E of -51.28), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Eureka Acquisition Corp's current ratio of 0.14 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Eureka Acquisition Corp passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, Eureka Acquisition Corp generates $-0.49 in operating cash flow (-$669K OCF vs $1.4M 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
Eureka Acquisition Corp reported $1.4M in net income in fiscal year 2025. This represents an increase of 436.0% from the prior year.
Cash & Balance Sheet
Eureka Acquisition Corp held $51K in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Capital Allocation
Eureka Acquisition Corp spent $29.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
EURK Income Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | $124K-70.4% | $418K | N/A | $251K+34.6% | $187K+22.8% | $152K | N/A | $29K |
| Operating Income | -$124K+70.4% | -$418K | N/A | -$251K-34.6% | -$187K-22.8% | -$152K | N/A | -$29K |
| 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 | $149K+226.3% | -$118K | N/A | $354K-13.1% | $408K-24.7% | $542K | N/A | -$29K |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
EURK Balance Sheet
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $33.0M+2.8% | $32.1M+2.2% | $31.4M-47.9% | $60.3M+0.8% | $59.8M+0.7% | $59.4M+0.9% | $58.8M+20215.1% | $290K |
| Current Assets | $203K+518.9% | $33K-67.0% | $99K-68.8% | $318K-26.6% | $433K-26.6% | $590K-19.6% | $734K+1023.5% | $65K |
| Cash & Equivalents | $152K+362.3% | $33K-36.2% | $51K-81.2% | $274K-22.7% | $355K-35.7% | $552K-17.7% | $670K+1058.2% | $58K |
| 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 | $35.1M+4.4% | $33.6M+4.8% | $32.1M-46.7% | $60.2M+2.5% | $58.7M+2.3% | $57.4M+2.5% | $56.0M+14507.2% | $383K |
| Current Liabilities | $2.3M+48.7% | $1.5M+110.6% | $725K-97.6% | $29.7M+33996.8% | $87K+51.4% | $58K+15.6% | $50K-87.0% | $383K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$2.1M-38.4% | -$1.5M-138.8% | -$625K-520.7% | $149K-86.7% | $1.1M-44.5% | $2.0M-29.7% | $2.9M+3161.8% | -$94K |
| Retained Earnings | -$2.1M-38.4% | -$1.5M-138.7% | -$625K | N/A | $1.1M+41.0% | $792K+216.5% | $250K+311.2% | -$119K |
EURK Cash Flow Statement
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$231K-37.1% | -$169K+38.2% | -$273K-238.4% | -$81K+59.1% | -$197K-66.7% | -$118K+46.7% | -$222K-756.9% | $34K |
| 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 | -$450K0.0% | -$450K | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $800K+33.3% | $600K | N/A | N/A | N/A | N/A | $58.3M+477861.1% | -$12K |
| 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 |
EURK Financial Ratios
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 238.4%+201.9pp | 36.5%+9.6pp | 26.9% | N/A | N/A |
| Return on Assets | 0.4%+0.8pp | -0.4% | N/A | 0.6%-0.1pp | 0.7%-0.2pp | 0.9% | N/A | -10.1% |
| Current Ratio | 0.09+0.1 | 0.02-0.1 | 0.14+0.1 | 0.01-5.0 | 4.97-5.3 | 10.26-4.5 | 14.77+14.6 | 0.17 |
| Debt-to-Equity | -16.98+5.5 | -22.52+28.8 | -51.28-456.1 | 404.84+352.3 | 52.53+24.0 | 28.50+9.0 | 19.54+23.6 | -4.10 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$625K), 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 (0.14), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Eureka Acquisition Corp profitable?
Yes, Eureka Acquisition Corp (EURK) reported a net income of $1.4M in fiscal year 2025.
What is Eureka Acquisition Corp's operating cash flow?
Eureka Acquisition Corp (EURK) generated -$669K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Eureka Acquisition Corp's total assets?
Eureka Acquisition Corp (EURK) had $31.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Eureka Acquisition Corp's current ratio?
Eureka Acquisition Corp (EURK) had a current ratio of 0.14 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Eureka Acquisition Corp's debt-to-equity ratio?
Eureka Acquisition Corp (EURK) had a debt-to-equity ratio of -51.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Eureka Acquisition Corp's return on assets (ROA)?
Eureka Acquisition Corp (EURK) had a return on assets of 4.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Eureka Acquisition Corp's cash runway?
Based on fiscal year 2025 data, Eureka Acquisition Corp (EURK) had $51K in cash against an annual operating cash burn of $669K. This gives an estimated cash runway of approximately 1 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 Eureka Acquisition Corp's debt-to-equity ratio negative or unusual?
Eureka Acquisition Corp (EURK) has negative shareholder equity of -$625K as of fiscal year 2025, 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 Eureka Acquisition Corp's Piotroski F-Score?
Eureka Acquisition Corp (EURK) has a Piotroski F-Score of 2 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 Eureka Acquisition Corp's earnings high quality?
Eureka Acquisition Corp (EURK) has an earnings quality ratio of -0.49x, 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 Eureka Acquisition Corp?
Eureka Acquisition Corp (EURK) scores 5 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.