INTEGRATED RAIL AND RES ACQ Financials
Financial Health Signals
INTEGRATED RAIL AND RES ACQ passes 1 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).
For every $1 of reported earnings, INTEGRATED RAIL AND RES ACQ generates $0.53 in operating cash flow (-$2.5M OCF vs -$4.8M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
INTEGRATED RAIL AND RES ACQ earns $-7.2 in operating income for every $1 of interest expense (-$3.1M vs $422K). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows INTEGRATED RAIL AND RES ACQ (IRRX) 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
INTEGRATED RAIL AND RES ACQ reported -$4.8M in net income in fiscal year 2024. This represents a decrease of 236.1% from the prior year.
INTEGRATED RAIL AND RES ACQ held $40K in cash against $0 in long-term debt as of fiscal year 2024.
INTEGRATED RAIL AND RES ACQ had 6M shares outstanding in fiscal year 2024.
INTEGRATED RAIL AND RES ACQ spent $70.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 59.7% from the prior year.
IRRX Income Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| 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 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | -$917K-126.4% | -$405K | N/A | -$274K | N/A | -$366K+6.0% | -$390K-57.6% | -$247K |
| Interest Expense | $19K | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $2K-97.9% | $111K | N/A | $213K | N/A | $136K+223.3% | $42K | N/A |
| Net Income | $6.0M+28399.8% | $21K | N/A | $3.5M | N/A | $4.5M+492.9% | $767K-83.0% | $4.5M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IRRX Balance Sheet
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $677K-79.3% | $3.3M-95.5% | $72.8M+1.7% | $71.5M-70.0% | $238.0M+1.7% | $234.1M+0.1% | $233.7M0.0% | $233.7M |
| Current Assets | $4K-88.8% | $40K+18.2% | $34K-64.6% | $95K-80.4% | $488K-40.6% | $822K-8.8% | $901K-19.7% | $1.1M |
| Cash & Equivalents | $4K-88.8% | $40K+21031.2% | $189-97.7% | $8K-85.1% | $54K-81.4% | $292K-10.5% | $326K-54.3% | $713K |
| 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 | $32.0M+11.3% | $28.8M-68.3% | $90.9M-1.3% | $92.1M-63.1% | $249.5M+2.4% | $243.5M-1.4% | $247.0M-0.3% | $247.7M |
| Current Liabilities | $16.9M+26.0% | $13.4M+44.4% | $9.3M+10.7% | $8.4M+665.7% | $1.1M+247.5% | $315K+87.1% | $168K+20.0% | $140K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$31.3M-22.9% | -$25.5M-40.7% | -$18.1M+11.8% | -$20.5M-79.7% | -$11.4M-21.3% | -$9.4M+29.1% | -$13.3M+5.0% | -$14.0M |
| Retained Earnings | -$31.3M-22.9% | -$25.5M-40.7% | -$18.1M+11.8% | -$20.5M-79.7% | -$11.4M-21.3% | -$9.4M+29.1% | -$13.3M+5.0% | -$14.0M |
IRRX Cash Flow Statement
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$241K+88.1% | -$2.0M-1760.1% | -$109K-2.1% | -$106K+60.5% | -$270K-29.6% | -$208K+56.0% | -$473K-62.5% | -$291K |
| 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 | -$3-100.0% | $20.7M+5024.1% | -$420K-100.5% | $78.7M+3571.4% | -$2.3M-1405.0% | $174K+104.7% | $85K | $0 |
| Financing Cash Flow | $225K+101.2% | -$18.6M-3675.6% | $521K+100.7% | -$78.7M | N/A | 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 | $0-100.0% | $19.5M | $0 | N/A | N/A | N/A | N/A | N/A |
IRRX Financial Ratios
| Metric | Q3'25 | Q3'24 | Q4'23 | Q3'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 |
|---|---|---|---|---|---|---|---|---|
| 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 | 885.0%+884.9pp | 0.1% | N/A | 4.9% | N/A | 1.9%+1.6pp | 0.3%-1.6pp | 1.9% |
| Current Ratio | 0.000.0 | 0.000.0 | 0.000.0 | 0.01-0.4 | 0.45-2.2 | 2.61-2.7 | 5.36-2.6 | 8.00 |
| Debt-to-Equity | -1.02+0.1 | -1.13+3.9 | -5.02-0.5 | -4.48+17.3 | -21.82+4.0 | -25.84-7.2 | -18.60-0.9 | -17.72 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$25.5M), 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.
Similar Companies
Frequently Asked Questions
Is INTEGRATED RAIL AND RES ACQ profitable?
No, INTEGRATED RAIL AND RES ACQ (IRRX) reported a net income of -$4.8M in fiscal year 2024.
What is INTEGRATED RAIL AND RES ACQ's operating cash flow?
INTEGRATED RAIL AND RES ACQ (IRRX) generated -$2.5M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are INTEGRATED RAIL AND RES ACQ's total assets?
INTEGRATED RAIL AND RES ACQ (IRRX) had $3.3M in total assets as of fiscal year 2024, including both current and long-term assets.
Does INTEGRATED RAIL AND RES ACQ buy back shares?
Yes, INTEGRATED RAIL AND RES ACQ (IRRX) spent $70.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does INTEGRATED RAIL AND RES ACQ have outstanding?
INTEGRATED RAIL AND RES ACQ (IRRX) had 6M shares outstanding as of fiscal year 2024.
What is INTEGRATED RAIL AND RES ACQ's current ratio?
INTEGRATED RAIL AND RES ACQ (IRRX) 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 INTEGRATED RAIL AND RES ACQ's debt-to-equity ratio?
INTEGRATED RAIL AND RES ACQ (IRRX) had a debt-to-equity ratio of -1.13 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is INTEGRATED RAIL AND RES ACQ's return on assets (ROA)?
INTEGRATED RAIL AND RES ACQ (IRRX) had a return on assets of -147.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is INTEGRATED RAIL AND RES ACQ's cash runway?
Based on fiscal year 2024 data, INTEGRATED RAIL AND RES ACQ (IRRX) had $40K in cash against an annual operating cash burn of $2.5M. 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 INTEGRATED RAIL AND RES ACQ's debt-to-equity ratio negative or unusual?
INTEGRATED RAIL AND RES ACQ (IRRX) has negative shareholder equity of -$25.5M 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 INTEGRATED RAIL AND RES ACQ's Piotroski F-Score?
INTEGRATED RAIL AND RES ACQ (IRRX) has a Piotroski F-Score of 1 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 INTEGRATED RAIL AND RES ACQ's earnings high quality?
INTEGRATED RAIL AND RES ACQ (IRRX) has an earnings quality ratio of 0.53x, 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.
Can INTEGRATED RAIL AND RES ACQ cover its interest payments?
INTEGRATED RAIL AND RES ACQ (IRRX) has an interest coverage ratio of -7.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.