Ib Acquisition Corp Financials
This page shows Ib Acquisition Corp (IBAC) 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).
Financial Health Signals
Ib Acquisition Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass.
For every $1 of reported earnings, Ib Acquisition Corp generates $-0.39 in operating cash flow (-$1.3M OCF vs $3.4M 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
Ib Acquisition Corp reported $3.4M in net income in fiscal year 2025. This represents an increase of 82.9% from the prior year.
Ib Acquisition Corp held $429K in cash against $0 in long-term debt as of fiscal year 2025.
Ib Acquisition Corp had 4M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Ib Acquisition Corp spent $106.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
IBAC Income Statement
| Metric | Q1'26 | Q1'26 | Q1'25 | Q3'25 | Q3'25 | Q1'25 | Q3'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | $180K0.0% | $180K | N/A | $172K+5.3% | $163K-7.3% | $176K | N/A | $76K |
| Operating Income | $180K+200.0% | -$180K | N/A | -$172K-5.3% | -$163K+7.3% | -$176K | N/A | -$76K |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -$1.5M |
| Income Tax | $32K0.0% | $32K | N/A | $263K+0.3% | $263K-8.9% | $288K | N/A | $315K |
| Net Income | $59K+200.0% | -$59K | N/A | $819K-0.7% | $824K-9.1% | $907K | N/A | $1.1M |
| EPS (Diluted) | $0.01 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IBAC Balance Sheet
| Metric | Q1'26 | Q1'26 | Q1'25 | Q3'25 | Q3'25 | Q1'25 | Q3'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $16.4M0.0% | $16.4M-4.3% | $17.1M-86.0% | $122.2M+0.8% | $121.2M+0.3% | $120.8M+0.9% | $119.8M+1.2% | $118.4M |
| Current Assets | $362K0.0% | $362K-70.9% | $1.2M+99.6% | $623K-27.9% | $865K-26.3% | $1.2M-2.1% | $1.2M-3.0% | $1.2M |
| Cash & Equivalents | $165K0.0% | $165K-61.4% | $429K-11.8% | $486K-22.5% | $627K-31.1% | $910K+10.6% | $823K-6.1% | $877K |
| 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 | $15.5M-10.0% | $17.3M-3.1% | $17.8M-85.3% | $121.6M+1.0% | $120.4M+0.4% | $119.9M+1.0% | $118.7M+1.3% | $117.1M |
| Current Liabilities | $1.2M0.0% | $1.2M-36.6% | $1.8M+233.7% | $549K+54.6% | $355K-58.0% | $846K+17.2% | $722K+105.0% | $352K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $861K+200.0% | -$861K-26.4% | -$681K-213.6% | $600K-22.3% | $772K-17.5% | $935K-15.9% | $1.1M-13.0% | $1.3M |
| Retained Earnings | $862K+200.0% | -$862K-26.4% | -$682K-213.8% | $599K-22.3% | $771K-17.5% | $935K-15.9% | $1.1M+35.1% | $823K |
IBAC Cash Flow Statement
| Metric | Q1'26 | Q1'26 | Q1'25 | Q3'25 | Q3'25 | Q1'25 | Q3'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.1M+200.0% | -$1.1M-1732.9% | -$57K+59.5% | -$141K+81.0% | -$744K-98.3% | -$375K-596.8% | -$54K+90.8% | -$585K |
| 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 | $315K | N/A | $106.9M | $0-100.0% | $609K+93.3% | $315K | $0 | $0 |
| Financing Cash Flow | $148K | N/A | N/A | N/A | N/A | $148K | $0+100.0% | -$199K |
| 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 |
IBAC Financial Ratios
| Metric | Q1'26 | Q1'26 | Q1'25 | Q3'25 | Q3'25 | Q1'25 | Q3'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 6.8% | N/A | N/A | 136.5%+29.7pp | 106.8%+9.8pp | 97.0% | N/A | 87.2% |
| Return on Assets | 0.4%+0.7pp | -0.4% | N/A | 0.7%0.0pp | 0.7%-0.1pp | 0.8% | N/A | 0.9% |
| Current Ratio | 0.310.0 | 0.31-0.4 | 0.68-0.5 | 1.14-1.3 | 2.44+1.0 | 1.39-0.3 | 1.66-1.8 | 3.51 |
| Debt-to-Equity | 18.05+38.1 | -20.05+6.1 | -26.15-228.9 | 202.74+46.8 | 155.98+27.8 | 128.18+21.4 | 106.75+15.1 | 91.69 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$681K), 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 (0.68), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Ib Acquisition Corp profitable?
Yes, Ib Acquisition Corp (IBAC) reported a net income of $3.4M in fiscal year 2025.
What is Ib Acquisition Corp's operating cash flow?
Ib Acquisition Corp (IBAC) generated -$1.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ib Acquisition Corp's total assets?
Ib Acquisition Corp (IBAC) had $17.1M in total assets as of fiscal year 2025, including both current and long-term assets.
Does Ib Acquisition Corp buy back shares?
Yes, Ib Acquisition Corp (IBAC) spent $106.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
How many shares does Ib Acquisition Corp have outstanding?
Ib Acquisition Corp (IBAC) had 4M shares outstanding as of fiscal year 2025.
What is Ib Acquisition Corp's current ratio?
Ib Acquisition Corp (IBAC) had a current ratio of 0.68 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Ib Acquisition Corp's debt-to-equity ratio?
Ib Acquisition Corp (IBAC) had a debt-to-equity ratio of -26.15 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ib Acquisition Corp's return on assets (ROA)?
Ib Acquisition Corp (IBAC) had a return on assets of 19.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ib Acquisition Corp's cash runway?
Based on fiscal year 2025 data, Ib Acquisition Corp (IBAC) had $429K in cash against an annual operating cash burn of $1.3M. This gives an estimated cash runway of approximately 4 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 Ib Acquisition Corp's debt-to-equity ratio negative or unusual?
Ib Acquisition Corp (IBAC) has negative shareholder equity of -$681K 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.
What is Ib Acquisition Corp's Piotroski F-Score?
Ib Acquisition Corp (IBAC) has a Piotroski F-Score of 3 out of 9, indicating weak 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Ib Acquisition Corp's earnings high quality?
Ib Acquisition Corp (IBAC) has an earnings quality ratio of -0.39x, 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.