Horizon Space Acquisition II Corp Financials
This page shows Horizon Space Acquisition II Corp (HSPT) 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).
Thin equity and collapsing liquid assets turned a roughly stable asset base into a cash-constrained liability structure.
From FY2024 to FY2025, net income improved from$143K to$1.8M , yet operating cash flow stayed negative at-$1.0M and cash shrank from$647K to$8K . That combination says the reported profit was not funding day-to-day liquidity, so the balance sheet became tighter even without a major change in total assets.
The biggest structural shift was in the equity cushion: total assets moved only from
Short-term liquidity deteriorated much faster than the headline asset total suggests. Current assets collapsed from
Financial Health Signals
Horizon Space Acquisition II Corp does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Horizon Space Acquisition II Corp passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Horizon Space Acquisition II Corp used $0.57 of operating cash (-$1.0M OCF vs $1.8M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Horizon Space Acquisition II Corp reported $1.8M in net income in fiscal year 2025. This represents an increase of 1166.1% from the prior year.
Horizon Space Acquisition II Corp earned $0.32 per diluted share (EPS) in fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Horizon Space Acquisition II Corp held $8K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
HSPT Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Income Tax | N/A | N/A | $0 |
| Net Income | N/A | $1.8M+1166.1% | $143K |
| EPS (Diluted) | — | $0.32 | $2.67 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Interest Expense.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HSPT Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 |
|---|---|---|
| Total Assets | $73.0M+4.1% | $70.1M |
| Current Assets | $30K-95.9% | $720K |
| Cash & Equivalents | $8K-98.8% | $647K |
| Total Liabilities | $74.3M+6.7% | $69.6M |
| Current Liabilities | $1.3M+400.9% | $269K |
| Total Equity | -$1.3M-392.7% | $451K |
| Retained Earnings | -$1.3M-1052.1% | $139K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
HSPT Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 |
|---|---|---|---|
| Operating Cash Flow | -$972K | -$1.0M-840.4% | -$110K |
| Investing Cash Flow | N/A | -$690K+99.0% | -$69.0M |
| Financing Cash Flow | N/A | $1.1M-98.4% | $69.8M |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
TTM is the trailing twelve months, Q2 FY2025 through Q1 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HSPT Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 |
|---|---|---|
| Return on Equity | N/A | 31.7% |
| Return on Assets | 2.5%+2.3pp | 0.2% |
| Current Ratio | 0.02-2.7x | 2.67 |
| Debt-to-Equity | N/A | 154.40 |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$1.3M), 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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Where Horizon Space Acquisition II Corp Ranks
Frequently Asked Questions
Is Horizon Space Acquisition II Corp profitable?
Yes, Horizon Space Acquisition II Corp (HSPT) reported a net income of $1.8M in fiscal year 2025.
What is Horizon Space Acquisition II Corp's operating cash flow?
Horizon Space Acquisition II Corp (HSPT) recorded an outflow of $1.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Horizon Space Acquisition II Corp's total assets?
Horizon Space Acquisition II Corp (HSPT) had $73.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Horizon Space Acquisition II Corp's current ratio?
Horizon Space Acquisition II Corp (HSPT) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Horizon Space Acquisition II Corp's return on assets (ROA)?
Horizon Space Acquisition II Corp (HSPT) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Horizon Space Acquisition II Corp's debt-to-equity ratio negative or not reported?
Horizon Space Acquisition II Corp (HSPT) has negative shareholder equity of -$1.3M as of fiscal year 2025, so no debt-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.
What is Horizon Space Acquisition II Corp's Piotroski F-Score?
Horizon Space Acquisition II Corp (HSPT) has a Piotroski F-Score of 3 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.
Are Horizon Space Acquisition II Corp's earnings high quality?
For every $1 of reported earnings, Horizon Space Acquisition II Corp (HSPT) used $0.57 of operating cash (-$1.0M OCF vs $1.8M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.