Horizon Space Acq I (HSPOF) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 26, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HSPOF SEC filings page.
This page shows Horizon Space Acq I (HSPOF) 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).
The reported vehicle is shrinking rapidly while liabilities now exceed assets, so earnings do not describe a conventional operating business.
From FY2024 to FY2025, assets fell94.2% while liabilities fell71.7% . That uneven contraction left 2025 liabilities at$7.28M against assets of$1.23M , an unusually obligations-heavy structure.
Net income declined from
Current liabilities rose
Financial Health Signals
We do not publish a peer-relative financial health score for Horizon Space Acq I, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.
Horizon Space Acq I passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass.
Key Financial Metrics
Earnings & Revenue
Horizon Space Acq I reported a net loss of $91K in Q2 2026. This represents a decrease of 219.4% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Horizon Space Acq I held $204K in cash as of Q2 2026; no long-term debt figure is on record for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
Horizon Space Acq I spent $444K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q2 2026.
Not reported for Q2 2026.
HSPOF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
HSPOF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $965K-95.7% | $1.2M-94.4% | $1.2M-94.2% | $23.1M-62.9% | $22.6M-63.2% | $22.0M-63.5% | $21.3M-68.7% | $62.3M-15.0% |
| Current Assets | $211K+278.1% | $37K-68.0% | $51K+547.2% | $29K-80.5% | $56K-32.2% | $115K-25.5% | $8K-97.4% | $148K-57.9% |
| Cash & Equivalents | $204K+1439.9% | $26K-48.9% | $36K+359.3% | $8K-94.0% | $13K-39.4% | $51K-45.4% | $8K-97.2% | $128K-55.7% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $7.2M-74.1% | $7.4M-72.5% | $7.3M-71.7% | $29.0M-56.2% | $28.0M-56.6% | $26.9M-57.4% | $25.7M-63.7% | $66.1M-12.3% |
| Current Liabilities | $4.1M+33.2% | $3.8M+46.1% | $3.7M+85.7% | $3.5M+114.0% | $3.1M+247.5% | $2.6M+322.2% | $2.0M+379.0% | $1.6M+1205.4% |
| Non-Current Liabilities | $3.2M-87.3% | $3.6M-85.2% | $3.6M-84.9% | $25.5M-60.5% | $24.9M-60.8% | $24.3M-61.1% | $23.7M-66.3% | $64.5M-14.3% |
| Total Equity | -$6.3Mn/m | -$6.2Mn/m | -$6.0Mn/m | -$5.9Mn/m | -$5.4Mn/m | -$4.9Mn/m | -$4.4Mn/m | -$3.9Mn/m |
| Retained Earnings | -$6.3Mn/m | -$6.2Mn/m | -$6.0Mn/m | -$5.9Mn/m | -$5.4Mn/m | -$4.9Mn/m | -$4.4Mn/m | -$3.9Mn/m |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
HSPOF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$107Kn/m | -$170Kn/m | -$226Kn/m | -$6Kn/m | -$148Kn/m | -$207Kn/m | -$320Kn/m | -$194Kn/m |
| Investing Cash Flow | $444Kn/m | $0n/m | N/A | -$360Kn/m | -$360Kn/m | -$360K-104.2% | $41.5M+622.2% | -$180Kn/m |
| Financing Cash Flow | -$159K-133.9% | $160K-73.8% | N/A | $360K-25.0% | $470K+23.7% | $610Kn/m | -$41.3Mn/m | $480Kn/m |
| Share Buybacks | $444Kn/m | $0n/m | N/A | N/A | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.
HSPOF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$6.0M), which causes the debt-to-equity, liabilities-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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Horizon Space Acq I HSPOF | FY2025 | N/A | $204K | N/A | $29.1M | — |
| Stark Novus Financial Inc SNFI | FY2025 | N/A | -$619K | N/A | $27.3M | — |
| Quetta Acquisition Corp QETA | FY2025 | $5.0M | $323K | 6.5% | $43.4M | — |
| Trex Acquisition Corp TRXA | FY2025 | $32K | -$2.5M | N/A | $15.7M | — |
Where Horizon Space Acq I Ranks
Frequently Asked Questions
No, Horizon Space Acq I (HSPOF) reported a net loss of $158K over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net income of $204K.
Horizon Space Acq I (HSPOF) recorded an outflow of $586K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Horizon Space Acq I (HSPOF) had $1.2M in total assets as of fiscal year 2025, including both current and long-term assets.
Horizon Space Acq I (HSPOF) had a current ratio of 0.01 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Horizon Space Acq I (HSPOF) had a return on assets of 16.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Horizon Space Acq I (HSPOF) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $29.1M as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Horizon Space Acq I (HSPOF) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $29.1M as of Oct 26, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Horizon Space Acq I (HSPOF) has negative shareholder equity of -$6.0M as of fiscal year 2025, so no debt-to-equity or liabilities-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.
Horizon Space Acq I (HSPOF) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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.