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Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt Financials

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

This page shows Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) 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
2/9

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Low Quality
-4.64x

For every $1 of reported earnings, Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt generates $-4.64 in operating cash flow (-$1.9M OCF vs $403K 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
$2.2M
YoY-0.4%

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt generated $2.2M in revenue in fiscal year 2024. This represents a decrease of 0.4% from the prior year.

EBITDA
N/A
Net Income
$403K
YoY-51.7%

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt reported $403K in net income in fiscal year 2024. This represents a decrease of 51.7% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$28K
YoY+167.4%

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt held $28K 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
-61.4%
YoY-12.8pp

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt's operating margin was -61.4% in fiscal year 2024, reflecting core business profitability. This is down 12.8 percentage points from the prior year.

Net Margin
18.2%
YoY-19.3pp

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt's net profit margin was 18.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 19.3 percentage points from the prior year.

Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

FORLU Income Statement

Metric Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Revenue N/A $316K N/A N/A N/A $758K 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 N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income -$344K-9.2% -$315K N/A -$175K+58.8% -$424K+6.3% -$452K N/A -$310K
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax $66K+7.9% $61K N/A $74K-49.4% $147K-16.2% $175K N/A $149K
Net Income -$89K-50.0% -$59K N/A $131K-21.1% $167K+27.6% $131K N/A $278K
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

FORLU Balance Sheet

Metric Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Total Assets $31.3M+2.1% $30.7M+1.7% $30.2M+1.5% $29.7M+0.9% $29.5M-50.4% $59.4M+2.3% $58.1M+1.2% $57.4M
Current Assets $20.0M+40444.8% $49K-22.2% $63K-64.5% $179K+216.8% $56K-32.5% $83K+38.1% $60K-52.0% $126K
Cash & Equivalents $10K+675.6% $1K-95.6% $28K-77.5% $126K+14515.5% $862-83.6% $5K-50.6% $11K+133.3% $5K
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 $38.0M+3.8% $36.6M+2.9% $35.5M+2.8% $34.6M+1.9% $33.9M-46.2% $63.2M+6.3% $59.4M+5.1% $56.6M
Current Liabilities $25.0M+493.1% $4.2M+16.2% $3.6M+15.2% $3.1M+4.4% $3.0M+13.3% $2.7M+81.1% $1.5M+59.9% $919K
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$6.6M-12.9% -$5.9M-9.6% -$5.4M-10.5% -$4.8M-8.3% -$4.5M-20.6% -$3.7M-183.4% -$1.3M-254.0% $851K
Retained Earnings -$6.6M-12.9% -$5.9M-9.6% -$5.4M-10.5% -$4.8M-8.3% -$4.5M-20.6% -$3.7M-183.4% -$1.3M-292.0% $682K

FORLU Cash Flow Statement

Metric Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Operating Cash Flow -$331K-109.6% -$158K+40.9% -$268K+50.0% -$535K+27.8% -$741K-127.8% -$325K-90.4% -$171K+7.9% -$186K
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 -$225K0.0% -$225K0.0% -$225K-194.1% $239K-99.2% $30.7M+5760.6% -$542K $0 $0
Financing Cash Flow $565K+58.7% $356K-9.9% $395K-6.2% $421K+101.4% -$29.9M-3574.0% $862K+387.1% $177K+322.6% $42K
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

FORLU Financial Ratios

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 -99.5% N/A N/A N/A -59.7% N/A N/A
Net Margin N/A -18.7% N/A N/A N/A 17.2% N/A N/A
Return on Equity N/A N/A N/A N/A N/A N/A N/A 32.7%
Return on Assets -0.3%-0.1pp -0.2% N/A 0.4%-0.1pp 0.6%+0.4pp 0.2% N/A 0.5%
Current Ratio 0.80+0.8 0.010.0 0.02-0.0 0.06+0.0 0.02-0.0 0.030.0 0.04-0.1 0.14
Debt-to-Equity -5.73+0.5 -6.23+0.4 -6.63+0.5 -7.13+0.4 -7.58+9.4 -17.01+28.4 -45.37-111.9 66.52
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$5.4M), 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.

Note: The current ratio is below 1.0 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) reported $2.2M in total revenue for fiscal year 2024. This represents a -0.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) revenue declined by 0.4% year-over-year, from $2.2M to $2.2M in fiscal year 2024.

Yes, Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) reported a net income of $403K in fiscal year 2024, with a net profit margin of 18.2%.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) had an operating margin of -61.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) had a net profit margin of 18.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) generated -$1.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) had $30.2M in total assets as of fiscal year 2024, including both current and long-term assets.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) had a current ratio of 0.02 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) had a debt-to-equity ratio of -6.63 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) had a return on assets of 1.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2024 data, Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) had $28K in cash against an annual operating cash burn of $1.9M. This gives an estimated cash runway of approximately 0 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.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) has negative shareholder equity of -$5.4M 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.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Four Leaf Acquisition Corp Unit Cons of 1 CL A + 1 Wt (FORLU) has an earnings quality ratio of -4.64x, 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.

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