Haymaker Acquisition Corp Iii Financials
This page shows Haymaker Acquisition Corp Iii (HYACU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
For every $1 of reported earnings, Haymaker Acquisition Corp Iii generates $-0.04 in operating cash flow (-$420K OCF vs $11.3M 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
Haymaker Acquisition Corp Iii reported $11.3M in net income in fiscal year 2024.
Haymaker Acquisition Corp Iii held $101K in cash against $0 in long-term debt as of fiscal year 2024.
HYACU Income Statement
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | $1.0M+230.2% | $305K-15.1% | $359K | N/A | $277K+41.2% | $197K-17.3% | $238K | N/A |
| Operating Income | -$1.0M-230.2% | -$305K+15.1% | -$359K | N/A | -$277K-41.2% | -$197K+17.3% | -$238K | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | 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 | $1.6M-32.5% | $2.4M+3.6% | $2.3M | N/A | $2.9M-2.2% | $2.9M+2.7% | $2.9M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HYACU Balance Sheet
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $254.7M-0.2% | $255.1M+1.0% | $252.5M+1.0% | $250.0M+1.2% | $247.2M+1.3% | $244.1M+1.3% | $241.0M+1.2% | $238.1M |
| Current Assets | $66K+72.8% | $38K-72.3% | $138K-51.0% | $282K+8.6% | $260K-19.9% | $325K+10.7% | $293K-36.8% | $464K |
| Cash & Equivalents | $7K-32.8% | $10K-68.0% | $31K-69.2% | $101K+539.4% | $16K-52.6% | $33K-17.4% | $40K-80.4% | $206K |
| 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 | $266.7M+0.7% | $264.9M+1.1% | $262.1M+1.1% | $259.2M+1.2% | $256.1M+1.3% | $252.7M+1.3% | $249.4M+1.3% | $246.3M |
| Current Liabilities | $3.4M+178.2% | $1.2M+20.3% | $1.0M+27.1% | $792K+46.4% | $541K+55.2% | $349K+91.0% | $183K+3.1% | $177K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$12.0M-21.7% | -$9.8M-3.2% | -$9.5M-3.9% | -$9.2M-2.6% | -$8.9M-3.2% | -$8.7M-2.3% | -$8.5M-2.9% | -$8.2M |
| Retained Earnings | -$12.0M-21.7% | -$9.8M-3.2% | -$9.5M-3.9% | -$9.2M-2.6% | -$8.9M-3.2% | -$8.7M-2.3% | -$8.5M-2.9% | -$8.2M |
HYACU Cash Flow Statement
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$358K-1591.5% | -$21K+69.7% | -$70K+57.5% | -$165K-837.2% | -$18K+75.6% | -$72K+56.5% | -$166K-4.1% | -$159K |
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $0 |
| Financing Cash Flow | N/A | N/A | N/A | $250K | $0 | N/A | N/A | $0 |
| 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 |
HYACU Financial Ratios
| Metric | Q3'25 | Q3'25 | Q3'25 | Q3'24 | Q3'24 | Q3'24 | Q3'24 | Q4'23 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A |
| Return on Assets | 0.6%-0.3pp | 0.9%+0.0pp | 0.9% | N/A | 1.2%-0.1pp | 1.2%+0.0pp | 1.2% | N/A |
| Current Ratio | 0.02-0.0 | 0.03-0.1 | 0.14-0.2 | 0.36-0.1 | 0.48-0.5 | 0.93-0.7 | 1.61-1.0 | 2.62 |
| Debt-to-Equity | -22.31+4.7 | -26.97+0.6 | -27.53+0.8 | -28.30+0.4 | -28.67+0.5 | -29.21+0.3 | -29.49+0.5 | -29.97 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$9.2M), 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 (0.36), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Haymaker Acquisition Corp Iii profitable?
Yes, Haymaker Acquisition Corp Iii (HYACU) reported a net income of $11.3M in fiscal year 2024.
What is Haymaker Acquisition Corp Iii's operating cash flow?
Haymaker Acquisition Corp Iii (HYACU) generated -$420K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Haymaker Acquisition Corp Iii's total assets?
Haymaker Acquisition Corp Iii (HYACU) had $250.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Haymaker Acquisition Corp Iii's current ratio?
Haymaker Acquisition Corp Iii (HYACU) had a current ratio of 0.36 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is Haymaker Acquisition Corp Iii's debt-to-equity ratio?
Haymaker Acquisition Corp Iii (HYACU) had a debt-to-equity ratio of -28.30 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Haymaker Acquisition Corp Iii's return on assets (ROA)?
Haymaker Acquisition Corp Iii (HYACU) had a return on assets of 4.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Haymaker Acquisition Corp Iii's cash runway?
Based on fiscal year 2024 data, Haymaker Acquisition Corp Iii (HYACU) had $101K in cash against an annual operating cash burn of $420K. This gives an estimated cash runway of approximately 3 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.
Why is Haymaker Acquisition Corp Iii's debt-to-equity ratio negative or unusual?
Haymaker Acquisition Corp Iii (HYACU) has negative shareholder equity of -$9.2M 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.
Are Haymaker Acquisition Corp Iii's earnings high quality?
Haymaker Acquisition Corp Iii (HYACU) has an earnings quality ratio of -0.04x, 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.