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Eqv Ventures Ac Corp. Ii Financials

EVAC
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Eqv Ventures Ac Corp. Ii (EVAC) 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).

Rhea AI EVAC FY2025

Reported profit is detached from operating cash, while strong near-term liquidity sits beside negative equity.

FY2025 shows net income of $8.9M alongside a -$742K operating loss and -$628K of operating cash flow, so the year's profit did not come from the ongoing cost base turning into cash. At the same time, a 7.9x current ratio with only $152K of current liabilities means the balance sheet is strained in total, but not under immediate near-term payment pressure.

Cash movement was dominated by financing and investing flows: $459.5M went to investing while $461.2M came in from financing, leaving only $1.1M of cash at year-end. That means the asset base of $470.3M was built mainly through capital movement rather than through self-funding operations.

Some figures from recent filings were inconsistent and were omitted from this summary.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 17 / 100
Financial Profile 17/100

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 Eqv Ventures Ac Corp. Ii'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.

Liquidity
100

With a current ratio of 7.92, Eqv Ventures Ac Corp. Ii holds $7.92 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Earnings Quality Low Quality
-0.07x

For every $1 of reported earnings, Eqv Ventures Ac Corp. Ii generates $-0.07 in operating cash flow (-$628K OCF vs $8.9M 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

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
$8.9M

Eqv Ventures Ac Corp. Ii reported $8.9M in net income in fiscal year 2025.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$1.1M

Eqv Ventures Ac Corp. Ii held $1.1M in cash against $0 in long-term debt as of fiscal year 2025.

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
N/A
Capital Expenditures
N/A

EVAC Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue 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
Gross Profit 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
SG&A Expenses $428K N/A $304K+526.1% $49K+6179.5% $774-98.6% $57K
Operating Income -$428K N/A -$304K-526.1% -$49K-6179.5% -$774+98.6% -$57K
Interest Expense N/A N/A N/A N/A N/A N/A
Income Tax $0 N/A N/A N/A N/A N/A
Net Income $3.9M N/A $4.5M+9279.2% -$49K-6179.5% -$774+98.6% -$57K
EPS (Diluted) $0.07 N/A N/A N/A N/A N/A

EVAC Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $474.4M+0.9% $470.3M+1.0% $465.7M+35926.7% $1.3M N/A $363K
Current Assets $1.6M+30.9% $1.2M+44.1% $836K+12032.6% $7K N/A N/A
Cash & Equivalents $1.5M+34.7% $1.1M+53.3% $712K+14375.7% $5K-5.2% $5K N/A
Inventory 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
Goodwill N/A N/A N/A N/A N/A N/A
Total Liabilities $490.7M+0.8% $486.6M+1.0% $481.8M+34972.4% $1.4M N/A $395K
Current Liabilities $265K+73.9% $152K+24.7% $122K N/A N/A $395K
Long-Term Debt N/A N/A N/A N/A N/A N/A
Total Equity -$16.3M+0.5% -$16.4M-1.5% -$16.1M-19776.9% -$81K-149.2% -$33K-2.4% -$32K
Retained Earnings -$16.3M+0.5% -$16.4M-1.5% -$16.1M-15040.5% -$107K N/A -$57K

EVAC Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow -$121K-0.6% -$120K+74.5% -$472K-78584.2% -$600+98.3% -$35K-39.6% -$25K
Capital Expenditures 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
Investing Cash Flow $500K0.0% $500K N/A N/A N/A N/A
Financing Cash Flow $40K $0-100.0% $461.2M+139329064.0% $331-99.2% $40K+60.3% $25K
Dividends Paid 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

EVAC Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin 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
Net Margin 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
Return on Assets 0.8% N/A 1.0%+4.7pp -3.8% N/A -15.8%
Current Ratio 5.95-2.0 7.92+1.1 6.85 N/A N/A N/A
Debt-to-Equity -30.11-0.4 -29.71+0.2 -29.86-12.9 -16.92 N/A -12.41
FCF Margin N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$16.4M), 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

Yes, Eqv Ventures Ac Corp. Ii (EVAC) reported a net income of $8.9M in fiscal year 2025.

Eqv Ventures Ac Corp. Ii (EVAC) generated -$628K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Eqv Ventures Ac Corp. Ii (EVAC) had $470.3M in total assets as of fiscal year 2025, including both current and long-term assets.

Eqv Ventures Ac Corp. Ii (EVAC) had a current ratio of 7.92 as of fiscal year 2025, which is generally considered healthy.

Eqv Ventures Ac Corp. Ii (EVAC) had a debt-to-equity ratio of -29.71 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Eqv Ventures Ac Corp. Ii (EVAC) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Eqv Ventures Ac Corp. Ii (EVAC) had $1.1M in cash against an annual operating cash burn of $628K. This gives an estimated cash runway of approximately 21 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.

Eqv Ventures Ac Corp. Ii (EVAC) has negative shareholder equity of -$16.4M 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.

Eqv Ventures Ac Corp. Ii (EVAC) has an earnings quality ratio of -0.07x, 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.

Eqv Ventures Ac Corp. Ii (EVAC) scores 17 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.

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