Future Vision II Acquisition Corp Financials
This page shows Future Vision II Acquisition Corp (FVN) 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).
Reported profits are being driven by balance-sheet mechanics while equity keeps thinning, leaving the company more like a financing vehicle than an operating business.
FY2025's$2.07M net income arrived alongside-$308K operating cash flow. That gap was already present in FY2024, so the positive earnings trend has not translated into cash from the underlying cost structure or a normal operating cycle.
Between FY2024 and FY2025, equity fell from
In FY2024,
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 Future Vision II 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.
Future Vision II Acquisition Corp has elevated debt relative to equity (D/E of 33.39), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
With a current ratio of 392.79, Future Vision II Acquisition Corp holds $392.79 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Future Vision II Acquisition Corp earns a strong 114.7% return on equity (ROE), meaning it generates $115 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 8.3% the prior year.
Future Vision II Acquisition Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Future Vision II Acquisition Corp generates $-0.15 in operating cash flow (-$308K OCF vs $2.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Future Vision II Acquisition Corp earns $-0.2 in operating income for every $1 of interest expense (-$391K vs $2.4M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Future Vision II Acquisition Corp reported $2.1M in net income in fiscal year 2025. This represents an increase of 223.3% from the prior year.
Cash & Balance Sheet
Future Vision II Acquisition Corp held $1.0M in cash against $0 in long-term debt as of fiscal year 2025.
Future Vision II Acquisition Corp had 8M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Margins & Returns
Future Vision II Acquisition Corp's ROE was 114.7% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 106.4 percentage points from the prior year.
Capital Allocation
FVN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | $10K | N/A | N/A | N/A | $10K | N/A | N/A | N/A |
| Operating Income | -$121K | N/A | -$69K+2.3% | -$71K+57.6% | -$167K | N/A | -$7K-149.7% | -$3K |
| Interest Expense | $536K | N/A | $619K+0.7% | $614K+0.3% | $612K | N/A | $148K | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $419K | N/A | $557K+1.0% | $552K+21.5% | $454K | N/A | $142K+5481.3% | -$3K |
| EPS (Diluted) | $0.12 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FVN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $62.7M+1.0% | $62.1M+0.8% | $61.6M+1.0% | $61.0M+1.0% | $60.4M+0.8% | $59.9M+0.9% | $59.4M | N/A |
| Current Assets | N/A | $62.1M+5313.6% | $1.1M-2.6% | $1.2M-2.7% | $1.2M-9.6% | $1.3M-9.3% | $1.5M | N/A |
| Cash & Equivalents | $874K-14.7% | $1.0M-7.5% | $1.1M-0.6% | $1.1M-2.4% | $1.1M-14.3% | $1.3M+2.4% | $1.3M+595.8% | $187K |
| 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 | $62.1M+3.1% | $60.3M+2.9% | $58.5M+3.2% | $56.7M+6.3% | $53.4M+2.2% | $52.2M-0.9% | $52.7M | N/A |
| Current Liabilities | $379K+140.2% | $158K-21.9% | $202K+17.9% | $172K+21.5% | $141K+26.9% | $111K+38.0% | $81K | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $558K-69.1% | $1.8M-40.9% | $3.1M-28.8% | $4.3M-39.1% | $7.0M-8.4% | $7.7M+15.3% | $6.7M+32823.9% | $20K |
| Retained Earnings | N/A | N/A | N/A | N/A | N/A | N/A | $137K | N/A |
FVN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$151K-51.9% | -$99K-1292.4% | -$7K+36.1% | -$11K+94.1% | -$190K-44.2% | -$132K-1221.3% | -$10K | N/A |
| 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 | -$191K | N/A | N/A | N/A | N/A | $0 | N/A | N/A |
| Financing Cash Flow | $191K | N/A | $0 | N/A | N/A | $0-100.0% | $59.1M | N/A |
| 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 |
FVN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 75.0% | N/A | 18.2%+5.4pp | 12.9%+6.4pp | 6.5% | N/A | 2.1%+15.1pp | -13.0% |
| Return on Assets | 0.7% | N/A | 0.9%0.0pp | 0.9%+0.1pp | 0.8% | N/A | 0.2% | N/A |
| Current Ratio | N/A | 392.79+387.1 | 5.67-1.2 | 6.86-1.7 | 8.56-3.5 | 12.01-6.3 | 18.27 | N/A |
| Debt-to-Equity | 111.27+77.9 | 33.39+14.2 | 19.16+5.9 | 13.22+5.6 | 7.57+0.8 | 6.79-1.1 | 7.90 | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Future Vision II Acquisition Corp profitable?
Yes, Future Vision II Acquisition Corp (FVN) reported a net income of $2.1M in fiscal year 2025.
What is Future Vision II Acquisition Corp's return on equity (ROE)?
Future Vision II Acquisition Corp (FVN) has a return on equity of 114.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Future Vision II Acquisition Corp's operating cash flow?
Future Vision II Acquisition Corp (FVN) generated -$308K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Future Vision II Acquisition Corp's total assets?
Future Vision II Acquisition Corp (FVN) had $62.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Future Vision II Acquisition Corp's current ratio?
Future Vision II Acquisition Corp (FVN) had a current ratio of 392.79 as of fiscal year 2025, which is generally considered healthy.
What is Future Vision II Acquisition Corp's debt-to-equity ratio?
Future Vision II Acquisition Corp (FVN) had a debt-to-equity ratio of 33.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Future Vision II Acquisition Corp's return on assets (ROA)?
Future Vision II Acquisition Corp (FVN) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Future Vision II Acquisition Corp's cash runway?
Based on fiscal year 2025 data, Future Vision II Acquisition Corp (FVN) had $1.0M in cash against an annual operating cash burn of $308K. This gives an estimated cash runway of approximately 40 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.
What is Future Vision II Acquisition Corp's Piotroski F-Score?
Future Vision II Acquisition Corp (FVN) has a Piotroski F-Score of 4 out of 9, indicating neutral 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 Future Vision II Acquisition Corp's earnings high quality?
Future Vision II Acquisition Corp (FVN) has an earnings quality ratio of -0.15x, 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.
Can Future Vision II Acquisition Corp cover its interest payments?
Future Vision II Acquisition Corp (FVN) has an interest coverage ratio of -0.2x, 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.
How financially healthy is Future Vision II Acquisition Corp?
Future Vision II Acquisition Corp (FVN) scores 33 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.