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Horizon Space Acquisition II Corp Financials

HSPTR
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Horizon Space Acquisition II Corp (HSPTR) 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).

Financial Health Signals

Financial health score pending refresh

We are recalculating Horizon Space Acquisition II Corp's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Piotroski F-Score Partial
2/6

Horizon Space Acquisition II Corp passes 2 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality
-0.57x

For every $1 of reported earnings, Horizon Space Acquisition II Corp generates $-0.57 in operating cash flow (-$1.0M OCF vs $1.8M 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
$1.8M
YoY+1166.1%

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.

EPS (Diluted)
$0.32
YoY-88.0%

Horizon Space Acquisition II Corp earned $0.32 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 88.0% from the prior year.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$8K
YoY-98.8%

Horizon Space Acquisition II Corp held $8K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
2M
YoY+10.9%

Horizon Space Acquisition II Corp had 2M shares outstanding in fiscal year 2025. This represents an increase of 10.9% from the prior year.

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

HSPTR 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 N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $252K N/A N/A N/A $0 N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A N/A
Net Income -$29K N/A $615K+177.9% $221K-53.2% $473K N/A -$34K-320.1% -$8K
EPS (Diluted) $0.07 N/A $0.09+86.0% $0.05-37.5% $0.08 N/A $0.00 $0.00

HSPTR Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $39.5M-45.9% $73.0M+1.8% $71.7M+1.1% $70.9M+0.5% $70.6M+0.7% $70.1M+36223.1% $193K N/A
Current Assets $82K+177.6% $30K-75.9% $122K+5.5% $116K-76.3% $489K-32.1% $720K+1648.1% $41K N/A
Cash & Equivalents $10K+21.1% $8K-88.1% $67K+156.0% $26K-92.9% $365K-43.6% $647K $0 $0
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 $39.3M-47.0% $74.3M+3.0% $72.1M+1.2% $71.2M+1.2% $70.4M+1.1% $69.6M+32001.1% $217K N/A
Current Liabilities $39.3M+2816.5% $1.3M+141.5% $559K+30.6% $428K+46.7% $292K+8.3% $269K+24.2% $217K N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$1.8M-35.2% -$1.3M-202.5% -$436K-39.9% -$312K-257.9% $197K-56.2% $451K+1981.4% -$24K-148.6% -$10K
Retained Earnings -$1.8M-35.2% -$1.3M-202.4% -$437K-39.9% -$312K-258.2% $197K+42.2% $139K+383.1% -$49K N/A

HSPTR Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$215K-35.5% -$159K+38.8% -$259K+23.4% -$339K-20.1% -$282K-155.2% -$110K $0 $0
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 $34.1M N/A N/A N/A $0 N/A N/A N/A
Financing Cash Flow -$33.9M-4391.7% $790K N/A N/A $0-100.0% $69.8M N/A 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

HSPTR 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 N/A N/A N/A N/A 239.4% N/A N/A N/A
Return on Assets -0.1% N/A 0.9%+0.5pp 0.3%-0.4pp 0.7% N/A -17.4% N/A
Current Ratio 0.00-0.0 0.02-0.2 0.22-0.1 0.27-1.4 1.68-1.0 2.67+2.5 0.19 N/A
Debt-to-Equity -22.05+34.2 -56.28+109.0 -165.25+63.2 -228.47-584.9 356.45+202.1 154.40+163.4 -9.05 N/A
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

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.

Frequently Asked Questions

Yes, Horizon Space Acquisition II Corp (HSPTR) reported a net income of $1.8M in fiscal year 2025.

Horizon Space Acquisition II Corp (HSPTR) reported diluted earnings per share of $0.32 for fiscal year 2025. This represents a -88.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Horizon Space Acquisition II Corp (HSPTR) generated -$1.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Horizon Space Acquisition II Corp (HSPTR) had $73.0M in total assets as of fiscal year 2025, including both current and long-term assets.

Horizon Space Acquisition II Corp (HSPTR) had 2M shares outstanding as of fiscal year 2025.

Horizon Space Acquisition II Corp (HSPTR) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Horizon Space Acquisition II Corp (HSPTR) had a debt-to-equity ratio of -56.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Horizon Space Acquisition II Corp (HSPTR) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Horizon Space Acquisition II Corp (HSPTR) had $8K in cash against an annual operating cash burn of $1.0M. 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.

Horizon Space Acquisition II Corp (HSPTR) has negative shareholder equity of -$1.3M 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.

Horizon Space Acquisition II Corp (HSPTR) has a Piotroski F-Score of 2 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.

Horizon Space Acquisition II Corp (HSPTR) has an earnings quality ratio of -0.57x, 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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