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Inflection Point Acquisition Corp. III Units (IPCXU) Financials

IPCXU
FY2025 annual
Revenue $100.0M YoY not available
Net Income $498K +680.9% YoY
EPS (Diluted) Not reported for FY2025
Operating Cash Flow -$1.4M YoY not available
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IPCXU SEC filings page.

Inflection Point Acquisition Corp. III Units (IPCXU) reported $100.0M in revenue for fiscal year 2025. This page shows its 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).

Rhea AI IPCXU FY2025

The dominant business mechanic is capital movement funding a balance sheet with persistent negative equity, not operating profitability.

FY2025 produced positive net income of $498K alongside an operating loss of -$6.5M, indicating that items below operating income—not core operations—supplied the earnings bridge. Operating cash flow of -$1.4M reinforces that the reported profit did not convert into cash from the business itself.

Assets expanded to $261.1M in FY2025 from a much smaller FY2024 base, yet equity remained negative at -$13.7M; growth in balance-sheet scale therefore did not create a conventional solvency cushion. The current ratio improved to 2.8x, but total liabilities of $274.8M show that short-term coverage and long-term solvency are separate questions.

FY2025 investing outflows of $252.8M and financing inflows of $255.3M nearly offset each other, making capital transactions the dominant cash-flow mechanism. Operating cash flow was -$1.4M, while the reported $300M dividend exceeded financing inflows, so the cash activity was not self-funded by operations.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Inflection Point Acquisition Corp. III Units does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial
3/5

Inflection Point Acquisition Corp. III Units passes 3 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass.

Earnings Quality No Cash Backing

For every $1 of reported earnings, Inflection Point Acquisition Corp. III Units used $2.89 of operating cash (-$1.4M OCF vs $498K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

Net Income
$1.9M
YoY+252.8%
QoQ+10.6%

Inflection Point Acquisition Corp. III Units reported $1.9M in net income in Q2 2026. This represents an increase of 252.8% from the same quarter a year earlier. Against the prior quarter it is up 10.6%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$762K
YoY-49.5%
QoQ-8.7%

Inflection Point Acquisition Corp. III Units held $762K in cash as of Q2 2026; long-term debt is not reported for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

None of these metrics is reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

IPCXU Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IPCXU quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
RevenueN/A$100.0MN/AN/AN/AN/AN/AN/A
SG&A Expenses$474K+1.3%$627K+680.2%N/A$2.8M+16496.9%$467K$80K+1244.5%N/A$17K
Operating Income-$474K-1.3%-$627K-680.2%N/A-$2.8M-16496.9%-$467K-$80K-1244.5%N/A-$17K
Net Income$1.9M+252.8%$1.7M+2192.9%N/A-$91K-443.6%-$1.2M-$80K-1244.5%N/A-$17K

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

IPCXU Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IPCXU quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$265.1M+3.3%$263.2M+49063.9%$261.1M+79996.0%$259.1M$256.7M$535K$326KN/A
Current Assets$955K-63.8%$1.1M+12333.6%$1.3M+23402.1%$1.5M$2.6M$9K$6KN/A
Cash & Equivalents$762K-49.5%$835K$1.1M$1.3M$1.5MN/AN/AN/A
Short-Term Investments$0$0$0$0$0N/AN/AN/A
Long-Term Investments$0$0$0$0$0N/AN/AN/A
Total Liabilities$279.6M+4.7%$277.2M+40882.6%$274.8M+70940.7%$272.1M$267.0M$676K$387KN/A
Current Liabilities$178K-29.3%$312K-51.6%$458K+23.0%$425K$252K$644K$372KN/A
Non-Current Liabilities$279.5M+4.8%$276.9M+847331.9%$274.3M+1897684.0%$271.7M$266.7M$33K$14KN/A
Total Equity-$14.5M-41.4%-$14.0M-9851.1%-$13.7M-22380.4%-$13.0M-562783.6%-$10.3M-$141K-841.8%-$61K$2K
Retained Earnings-$14.5M-41.4%-$14.0M-8354.1%-$13.7M-15830.9%-$13.0M-$10.3M-$166K-$86KN/A

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

IPCXU Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IPCXU quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$235K-$225K-$415K-$299KN/AN/AN/AN/A
Stock-Based CompensationN/AN/AN/AN/A$2.6MN/AN/AN/A
Investing Cash FlowN/AN/A$250K$0N/AN/AN/AN/A
Financing Cash Flow-$88K-$67K$20K$60KN/AN/AN/AN/A
Dividends Paid-$100.0M$300.0M$0N/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Share Buybacks.

IPCXU Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IPCXU quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating MarginN/A-0.6%N/AN/AN/AN/AN/AN/A
Net MarginN/A1.7%N/AN/AN/AN/AN/AN/A
Return on EquityN/AN/AN/AN/AN/AN/AN/A-721.1%
Return on Assets0.7%+1.2pp0.6%+15.7ppN/A0.0%-0.5%-15.0%N/AN/A
Current Ratio5.36-5.1x3.45+3.4x2.84+2.8x3.5010.460.010.01N/A
Asset TurnoverN/A0.38N/AN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Gross Margin, Debt-to-Equity, FCF Margin.

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.

Frequently Asked Questions

What is Inflection Point Acquisition Corp. III Units's annual revenue?

Inflection Point Acquisition Corp. III Units (IPCXU) 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 Units profitable?

Yes, Inflection Point Acquisition Corp. III Units (IPCXU) 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 Units's operating margin?

Inflection Point Acquisition Corp. III Units (IPCXU) had an operating margin of -6.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Inflection Point Acquisition Corp. III Units (IPCXU) had a net profit margin of 0.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Inflection Point Acquisition Corp. III Units (IPCXU) recorded an outflow of $1.4M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Inflection Point Acquisition Corp. III Units (IPCXU) had $261.1M in total assets as of fiscal year 2025, including both current and long-term assets.

Inflection Point Acquisition Corp. III Units (IPCXU) had a current ratio of 2.84 as of fiscal year 2025, which is generally considered healthy.

Inflection Point Acquisition Corp. III Units (IPCXU) had a return on assets of 0.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Inflection Point Acquisition Corp. III Units (IPCXU) has negative shareholder equity of -$13.7M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. 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.

Inflection Point Acquisition Corp. III Units (IPCXU) has a Piotroski F-Score of 3 out of 5 computable signals; 4 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.

For every $1 of reported earnings, Inflection Point Acquisition Corp. III Units (IPCXU) used $2.89 of operating cash (-$1.4M OCF vs $498K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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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