INCEPTION GROWTH ACQUSTN LTD Financials
Financial Health Signals
INCEPTION GROWTH ACQUSTN LTD 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, INCEPTION GROWTH ACQUSTN LTD generates $-7.02 in operating cash flow (-$913K OCF vs $130K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
This page shows INCEPTION GROWTH ACQUSTN LTD (IGTA) 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).
Key Financial Metrics
INCEPTION GROWTH ACQUSTN LTD reported $130K in net income in fiscal year 2024. This represents a decrease of 79.7% from the prior year.
INCEPTION GROWTH ACQUSTN LTD held $4K in cash against $0 in long-term debt as of fiscal year 2024.
INCEPTION GROWTH ACQUSTN LTD had 3M shares outstanding in fiscal year 2024. This represents a decrease of 52.8% from the prior year.
INCEPTION GROWTH ACQUSTN LTD spent $30.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 60.3% from the prior year.
IGTA Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q3'22 | Q3'21 |
|---|---|---|---|---|---|---|
| Revenue | 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 |
| Gross Profit | 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 |
| SG&A Expenses | $290K+38.8% | $209K | N/A | $423K+172.1% | $156K+313.0% | $38K |
| Operating Income | -$290K-38.8% | -$209K | N/A | -$862K-277.4% | -$228K | N/A |
| Interest Expense | N/A | $50K | N/A | N/A | N/A | N/A |
| Income Tax | N/A | -$22K | N/A | $126K+6.6% | $118K | N/A |
| Net Income | -$268K-33013.1% | $814 | N/A | $62K-81.8% | $342K+1008.6% | -$38K |
| EPS (Diluted) | N/A | $0.10 | N/A | $0.07+75.0% | $0.04 | $0.00 |
IGTA Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q3'22 | Q3'21 |
|---|---|---|---|---|---|---|
| Total Assets | $2.3M-37.2% | $3.6M-88.8% | $32.1M-33.0% | $47.9M-55.2% | $106.9M+0.6% | $106.3M |
| Current Assets | $65K+1405.8% | $4K-92.9% | $60K-78.0% | $275K-67.4% | $843K-52.4% | $1.8M |
| Cash & Equivalents | $9K+111.0% | $4K-92.9% | $60K-76.5% | $257K-62.2% | $681K-50.1% | $1.4M |
| Inventory | 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 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $9.4M-6.3% | $10.0M-72.5% | $36.4M-30.0% | $51.9M-52.3% | $108.9M+1.2% | $107.6M |
| Current Liabilities | $4.9M+18.7% | $4.1M+101.8% | $2.0M-88.7% | $18.2M+2924.8% | $600K+23.5% | $486K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$7.1M-11.2% | -$6.4M-50.5% | -$4.2M-5.9% | -$4.0M-99.2% | -$2.0M-54.0% | -$1.3M |
| Retained Earnings | -$7.1M-11.2% | -$6.4M-50.5% | -$4.2M-5.9% | -$4.0M-99.2% | -$2.0M-54.0% | -$1.3M |
IGTA Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q3'22 | Q3'21 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$532K-605.8% | -$75K+58.8% | -$183K+14.3% | -$214K-95.4% | -$109K-422.8% | -$21K |
| Capital Expenditures | 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 |
| Investing Cash Flow | -$140K-101.2% | $11.3M-29.6% | $16.0M+16104.2% | -$100K | N/A | N/A |
| Financing Cash Flow | $622K+105.6% | -$11.2M+30.1% | -$16.0M-56767.5% | $28K+154.2% | $11K-100.0% | $105.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $0-100.0% | $11.4M-29.5% | $16.1M | $0 | N/A | N/A |
IGTA Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q3'22 | Q3'21 |
|---|---|---|---|---|---|---|
| Gross Margin | 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 |
| Net Margin | 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 |
| Return on Assets | -11.8%-11.8pp | 0.0% | N/A | 0.1%-0.2pp | 0.3% | N/A |
| Current Ratio | 0.01+0.0 | 0.00-0.0 | 0.03+0.0 | 0.02-1.4 | 1.40-2.2 | 3.64 |
| Debt-to-Equity | -1.32+0.2 | -1.57+7.0 | -8.58+4.4 | -12.98+41.3 | -54.25+28.3 | -82.56 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$6.4M), 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 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is INCEPTION GROWTH ACQUSTN LTD profitable?
Yes, INCEPTION GROWTH ACQUSTN LTD (IGTA) reported a net income of $130K in fiscal year 2024.
What is INCEPTION GROWTH ACQUSTN LTD's operating cash flow?
INCEPTION GROWTH ACQUSTN LTD (IGTA) generated -$913K in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are INCEPTION GROWTH ACQUSTN LTD's total assets?
INCEPTION GROWTH ACQUSTN LTD (IGTA) had $3.6M in total assets as of fiscal year 2024, including both current and long-term assets.
Does INCEPTION GROWTH ACQUSTN LTD buy back shares?
Yes, INCEPTION GROWTH ACQUSTN LTD (IGTA) spent $30.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does INCEPTION GROWTH ACQUSTN LTD have outstanding?
INCEPTION GROWTH ACQUSTN LTD (IGTA) had 3M shares outstanding as of fiscal year 2024.
What is INCEPTION GROWTH ACQUSTN LTD's current ratio?
INCEPTION GROWTH ACQUSTN LTD (IGTA) had a current ratio of 0.00 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.
What is INCEPTION GROWTH ACQUSTN LTD's debt-to-equity ratio?
INCEPTION GROWTH ACQUSTN LTD (IGTA) had a debt-to-equity ratio of -1.57 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is INCEPTION GROWTH ACQUSTN LTD's return on assets (ROA)?
INCEPTION GROWTH ACQUSTN LTD (IGTA) had a return on assets of 3.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is INCEPTION GROWTH ACQUSTN LTD's cash runway?
Based on fiscal year 2024 data, INCEPTION GROWTH ACQUSTN LTD (IGTA) had $4K in cash against an annual operating cash burn of $913K. 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.
Why is INCEPTION GROWTH ACQUSTN LTD's debt-to-equity ratio negative or unusual?
INCEPTION GROWTH ACQUSTN LTD (IGTA) has negative shareholder equity of -$6.4M 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.
What is INCEPTION GROWTH ACQUSTN LTD's Piotroski F-Score?
INCEPTION GROWTH ACQUSTN LTD (IGTA) 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 INCEPTION GROWTH ACQUSTN LTD's earnings high quality?
INCEPTION GROWTH ACQUSTN LTD (IGTA) has an earnings quality ratio of -7.02x, 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.