This page shows Inflection Point Acquisition Corp. III (IPCX) 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).
Inflection Point’s FY2025 reads as a balance-sheet transition, where financing and investment flows mattered more than operating earnings.
FY2025’s positive net income of$498K did not mean the company became self-funding: it still reported an operating loss of-$6.5M and operating cash outflow of-$1.4M . The more important change versus FY2024 was liquidity repair rather than profit repair, as current assets reached$1.3M against only$458K of current liabilities, while total equity stayed negative at-$13.7M .
FY2024 looked short-term constrained, with current assets of just
The cash-flow shape makes the operating model clearer: external financing brought in
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Inflection Point Acquisition Corp. III's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Inflection Point Acquisition Corp. III has an operating margin of -6.5%, meaning the company retains $-7 of operating profit per $100 of revenue. This below-average margin results in a low score of 8/100, suggesting thin profitability after operating expenses.
Inflection Point Acquisition Corp. III's current ratio of 2.84 indicates adequate short-term liquidity, earning a score of 54/100. The company can meet its near-term obligations, though with limited headroom.
Inflection Point Acquisition Corp. III passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.
For every $1 of reported earnings, Inflection Point Acquisition Corp. III generates $-2.89 in operating cash flow (-$1.4M OCF vs $498K 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
Earnings & Revenue
Inflection Point Acquisition Corp. III generated $100.0M in revenue in fiscal year 2025.
Inflection Point Acquisition Corp. III reported $498K in net income in fiscal year 2025. This represents an increase of 680.9% from the prior year.
Cash & Balance Sheet
Inflection Point Acquisition Corp. III held $1.1M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Inflection Point Acquisition Corp. III's operating margin was -6.5% in fiscal year 2025, reflecting core business profitability.
Inflection Point Acquisition Corp. III's net profit margin was 0.5% in fiscal year 2025, showing the share of revenue converted to profit.
Capital Allocation
IPCX Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $100.0M | 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 | $627K | N/A | $2.8M+493.4% | $467K+481.7% | $80K | N/A | $17K+179.6% | $6K |
| Operating Income | -$627K | N/A | -$2.8M-493.4% | -$467K-481.7% | -$80K | N/A | -$17K-179.6% | -$6K |
| 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 | $1.7M | N/A | -$91K+92.5% | -$1.2M-1415.4% | -$80K | N/A | -$17K-179.6% | -$6K |
| EPS (Diluted) | $0.07 | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IPCX Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $263.2M+0.8% | $261.1M+0.8% | $259.1M+0.9% | $256.7M+47860.1% | $535K+64.2% | $326K | N/A | N/A |
| Current Assets | $1.1M-17.4% | $1.3M-12.6% | $1.5M-43.5% | $2.6M+30406.8% | $9K+56.1% | $6K | N/A | N/A |
| Cash & Equivalents | $835K-25.9% | $1.1M-11.4% | $1.3M-15.8% | $1.5M | N/A | N/A | N/A | N/A |
| 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 | $277.2M+0.9% | $274.8M+1.0% | $272.1M+1.9% | $267.0M+39371.2% | $676K+74.9% | $387K | N/A | N/A |
| Current Liabilities | $312K-32.0% | $458K+7.8% | $425K+68.6% | $252K-60.9% | $644K+72.9% | $372K | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$14.0M-2.8% | -$13.7M-4.8% | -$13.0M-27.0% | -$10.3M-7173.0% | -$141K-132.1% | -$61K-2723.9% | $2K-87.8% | $19K |
| Retained Earnings | -$14.0M-2.8% | -$13.7M-4.8% | -$13.0M-27.0% | -$10.3M-6079.1% | -$166K-93.6% | -$86K | N/A | N/A |
IPCX Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$225K+45.8% | -$415K-38.6% | -$299K | N/A | N/A | N/A | N/A | N/A |
| 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 | $250K | $0 | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | -$67K-428.2% | $20K-66.3% | $60K | N/A | N/A | N/A | N/A | N/A |
| Dividends Paid | $300.0M | $0 | 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 |
IPCX Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | -0.6% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 1.7% | 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 | -721.1%-689.7pp | -31.4% |
| Return on Assets | 0.6% | N/A | -0.0%+0.4pp | -0.5%+14.5pp | -15.0% | N/A | N/A | N/A |
| Current Ratio | 3.45+0.6 | 2.84-0.7 | 3.50-7.0 | 10.46+10.4 | 0.010.0 | 0.01 | N/A | N/A |
| Debt-to-Equity | -19.74+0.4 | -20.11+0.8 | -20.87+5.1 | -26.01-21.2 | -4.79+1.6 | -6.36 | N/A | 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 (-$13.7M), 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.
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Frequently Asked Questions
What is Inflection Point Acquisition Corp. III's annual revenue?
Inflection Point Acquisition Corp. III (IPCX) reported $100.0M in total revenue for fiscal year 2025. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Is Inflection Point Acquisition Corp. III profitable?
Yes, Inflection Point Acquisition Corp. III (IPCX) reported a net income of $498K in fiscal year 2025, with a net profit margin of 0.5%.
What is Inflection Point Acquisition Corp. III's operating margin?
Inflection Point Acquisition Corp. III (IPCX) had an operating margin of -6.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Inflection Point Acquisition Corp. III's net profit margin?
Inflection Point Acquisition Corp. III (IPCX) had a net profit margin of 0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Inflection Point Acquisition Corp. III's operating cash flow?
Inflection Point Acquisition Corp. III (IPCX) generated -$1.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Inflection Point Acquisition Corp. III's total assets?
Inflection Point Acquisition Corp. III (IPCX) had $261.1M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Inflection Point Acquisition Corp. III's current ratio?
Inflection Point Acquisition Corp. III (IPCX) had a current ratio of 2.84 as of fiscal year 2025, which is generally considered healthy.
What is Inflection Point Acquisition Corp. III's debt-to-equity ratio?
Inflection Point Acquisition Corp. III (IPCX) had a debt-to-equity ratio of -20.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Inflection Point Acquisition Corp. III's return on assets (ROA)?
Inflection Point Acquisition Corp. III (IPCX) had a return on assets of 0.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Inflection Point Acquisition Corp. III's cash runway?
Based on fiscal year 2025 data, Inflection Point Acquisition Corp. III (IPCX) had $1.1M in cash against an annual operating cash burn of $1.4M. This gives an estimated cash runway of approximately 9 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 Inflection Point Acquisition Corp. III's debt-to-equity ratio negative or unusual?
Inflection Point Acquisition Corp. III (IPCX) has negative shareholder equity of -$13.7M 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 Inflection Point Acquisition Corp. III's Piotroski F-Score?
Inflection Point Acquisition Corp. III (IPCX) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Inflection Point Acquisition Corp. III's earnings high quality?
Inflection Point Acquisition Corp. III (IPCX) has an earnings quality ratio of -2.89x, 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.
How financially healthy is Inflection Point Acquisition Corp. III?
Inflection Point Acquisition Corp. III (IPCX) scores 10 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.