Ithax Acquisition Corp Iii Financials
This page shows Ithax Acquisition Corp Iii (ITHA) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
For every $1 of reported earnings, Ithax Acquisition Corp Iii generates $6.09 in operating cash flow (-$341K OCF vs -$56K 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
Ithax Acquisition Corp Iii reported -$56K in net income in fiscal year 2025.
Cash & Balance Sheet
Ithax Acquisition Corp Iii held $754K in cash against $0 in long-term debt as of fiscal year 2025.
Ithax Acquisition Corp Iii had 23M shares outstanding in fiscal year 2025.
Margins & Returns
Capital Allocation
ITHA Income Statement
| Metric | Q2'26 |
|---|---|
| Revenue | N/A |
| Cost of Revenue | N/A |
| Gross Profit | N/A |
| R&D Expenses | N/A |
| SG&A Expenses | $38K |
| Operating Income | N/A |
| Interest Expense | N/A |
| Income Tax | $0 |
| Net Income | -$38K |
| EPS (Diluted) | N/A |
ITHA Balance Sheet
| Metric | Q2'26 |
|---|---|
| Total Assets | $31K |
| Current Assets | N/A |
| Cash & Equivalents | $0 |
| Inventory | N/A |
| Accounts Receivable | N/A |
| Goodwill | N/A |
| Total Liabilities | $44K |
| Current Liabilities | N/A |
| Long-Term Debt | N/A |
| Total Equity | -$13K |
| Retained Earnings | -$38K |
ITHA Cash Flow Statement
| Metric | Q2'26 |
|---|---|
| Operating Cash Flow | N/A |
| Capital Expenditures | N/A |
| Free Cash Flow | N/A |
| Investing Cash Flow | N/A |
| Financing Cash Flow | N/A |
| Dividends Paid | N/A |
| Share Buybacks | N/A |
ITHA Financial Ratios
| Metric | Q2'26 |
|---|---|
| Gross Margin | N/A |
| Operating Margin | N/A |
| Net Margin | N/A |
| Return on Equity | N/A |
| Return on Assets | -121.8% |
| Current Ratio | N/A |
| Debt-to-Equity | -3.44 |
| FCF Margin | N/A |
Note: Shareholder equity is negative (-$8.8M), 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
Is Ithax Acquisition Corp Iii profitable?
No, Ithax Acquisition Corp Iii (ITHA) reported a net income of -$56K in fiscal year 2025.
What is Ithax Acquisition Corp Iii's operating cash flow?
Ithax Acquisition Corp Iii (ITHA) generated -$341K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Ithax Acquisition Corp Iii's total assets?
Ithax Acquisition Corp Iii (ITHA) had $231.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Ithax Acquisition Corp Iii's current ratio?
Ithax Acquisition Corp Iii (ITHA) had a current ratio of 9.84 as of fiscal year 2025, which is generally considered healthy.
What is Ithax Acquisition Corp Iii's debt-to-equity ratio?
Ithax Acquisition Corp Iii (ITHA) had a debt-to-equity ratio of -27.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Ithax Acquisition Corp Iii's return on assets (ROA)?
Ithax Acquisition Corp Iii (ITHA) had a return on assets of -0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Ithax Acquisition Corp Iii's cash runway?
Based on fiscal year 2025 data, Ithax Acquisition Corp Iii (ITHA) had $754K in cash against an annual operating cash burn of $341K. This gives an estimated cash runway of approximately 26 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 Ithax Acquisition Corp Iii's debt-to-equity ratio negative or unusual?
Ithax Acquisition Corp Iii (ITHA) has negative shareholder equity of -$8.8M 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.
Are Ithax Acquisition Corp Iii's earnings high quality?
Ithax Acquisition Corp Iii (ITHA) has an earnings quality ratio of 6.09x, 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.