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JAWS MUSTANG ACQ CORP A (JWSMF) Financials

JWSMF
FY2025 annual
Revenue Not reported for FY2025
Net Income -$1.6M -192.3% YoY
EPS (Diluted) Not reported for FY2025
Operating Cash Flow -$680K +65.9% YoY
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 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the JWSMF SEC filings page.

This page shows JAWS MUSTANG ACQ CORP A (JWSMF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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 JWSMF FY2025

Persistent negative equity and weak current coverage make liability management the dominant business mechanic visible here

The company’s reported earnings are not tracking its operating engine: net income reached $1.7M in FY2024 while operating income was $755K, then both turned negative in FY2025; that pattern points to volatile non-operating items rather than a consistently profitable core. Meanwhile, operating cash flow was negative in every reported year, including -$680K in FY2025, so the accounting gains in FY2022–FY2024 did not translate into recurring cash generation.

Negative equity persisted through FY2025, with liabilities exceeding assets by roughly $7.1M; this means the balance sheet is funded by obligations rather than an asset cushion. The deficit widened from $5.6M in FY2024 to $7.1M in FY2025, reversing the prior improvement and making leverage ratios difficult to interpret because equity is negative.

Short-term pressure is especially pronounced: current assets fell to $76K in FY2025 while the current ratio fell to 0.03x. That ratio was 0.12x one year earlier, so the deterioration reflects a working-capital constraint, not merely a decline in annual profit. SG&A fell from $1.4M in FY2024 to $463K in FY2025, yet operating cash flow stayed negative; lower reported overhead did not make operations self-funding.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

JAWS MUSTANG ACQ CORP A 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
1/5

JAWS MUSTANG ACQ CORP A passes 1 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality No Cash Backing
N/A

JAWS MUSTANG ACQ CORP A reported a net loss of $1.6M while operations used $680K of cash. With neither figure positive, the ratio between the two carries no quality signal.

Key Financial Metrics

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Earnings & Revenue

Net Income
$268K
YoY+11.7%
QoQ-0.4%

JAWS MUSTANG ACQ CORP A reported $268K in net income in Q2 2026. This represents an increase of 11.7% from the same quarter a year earlier. Against the prior quarter it is down 0.4%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$271K
YoY+608.2%
QoQ-36.7%
5Y CAGR-26.6%

JAWS MUSTANG ACQ CORP A held $271K 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.

JWSMF 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.

JWSMF quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
SG&A Expenses$109K-21.5%$109K-23.7%N/A$67K-66.3%$139K-49.0%$143K-77.5%N/A$199K-50.0%
Operating Income-$109K+21.5%-$109K+23.7%N/A-$67K+66.3%-$139K+49.0%-$143K+77.5%N/A-$199K-166.6%
Income TaxN/A$0N/AN/AN/A$0N/AN/A
Net Income$268K+11.7%$269K+153.0%N/A-$60K-102.0%$240K-94.5%-$508K+92.9%N/A$2.9M+144.4%

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

JWSMF 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.

JWSMF quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$1.4M+24.9%$1.5M+26.5%$1.1M-17.2%$1.2M-92.5%$1.1M-93.0%$1.2M-92.4%$1.4M-94.1%$16.1M-30.3%
Current Assets$314K+411.9%$463K+175.6%$76K-77.5%$147K+111.0%$61K-30.5%$168K-51.9%$338K+78.0%$70K-75.1%
Cash & Equivalents$271K+608.2%$429K+179.5%$61K-80.9%$114K+228.7%$38K+26.7%$153K-38.8%$319K+79.2%$35K-83.5%
Short-Term Investments$0$0$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0
Total Liabilities$8.0M+15.1%$8.4M+15.4%$8.3M+19.4%$7.1M-69.2%$6.9M-72.8%$7.3M-75.5%$6.9M-76.6%$23.1M-19.8%
Current Liabilities$2.7M-7.2%$2.7M-4.7%$2.7M-7.7%$2.6M-45.8%$2.9M-38.7%$2.8M-38.3%$2.9M-30.4%$4.8M+37.3%
Non-Current Liabilities$5.3M+30.8%$5.7M+28.3%$5.6M+38.6%$4.5M-75.4%$4.1M-80.5%$4.4M-82.4%$4.1M-84.1%$18.3M-27.8%
Total Equity-$6.6M-13.2%-$6.9M-13.2%-$7.1M-28.4%-$5.9M+15.6%-$5.8M+39.8%-$6.1M+56.1%-$5.6M+13.6%-$7.0M-22.3%
Retained Earnings-$6.6M-13.2%-$6.9M-13.2%-$7.1M-28.4%-$5.9M+15.6%-$5.8M+39.8%-$6.1M+56.1%-$5.6M+13.6%-$7.0M-22.2%

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

JWSMF 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.

JWSMF quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$157K-36.8%-$68K+59.0%-$53K+96.6%-$346K-472.1%-$115K+20.8%-$166K+30.2%-$1.6M-4671.1%-$61K+81.9%
Investing Cash FlowN/AN/AN/AN/AN/AN/AN/A-$75K
Financing Cash Flow$0$436K$0N/AN/AN/AN/A$140K-72.0%
Share BuybacksN/AN/AN/AN/AN/AN/AN/A$0

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.

JWSMF 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.

JWSMF quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Return on Assets19.4%-2.3pp17.6%+59.6ppN/A-5.0%-23.2pp21.6%-5.7pp-42.0%+3.0ppN/A18.2%+13.0pp
Current Ratio0.12+0.1x0.17+0.1x0.03-0.1x0.060.0x0.020.0x0.060.0x0.12+0.1x0.01-0.1x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Asset Turnover, FCF Margin.

Note: Shareholder equity is negative (-$7.1M), 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 (0.03), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

Is JAWS MUSTANG ACQ CORP A profitable?

No, JAWS MUSTANG ACQ CORP A (JWSMF) reported a net income of -$1.6M in fiscal year 2025.

What is JAWS MUSTANG ACQ CORP A's operating cash flow?

JAWS MUSTANG ACQ CORP A (JWSMF) recorded an outflow of $680K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are JAWS MUSTANG ACQ CORP A's total assets?

JAWS MUSTANG ACQ CORP A (JWSMF) had $1.1M in total assets as of fiscal year 2025, including both current and long-term assets.

JAWS MUSTANG ACQ CORP A (JWSMF) had a current ratio of 0.03 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

JAWS MUSTANG ACQ CORP A (JWSMF) had a return on assets of -136.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

JAWS MUSTANG ACQ CORP A (JWSMF) has negative shareholder equity of -$7.1M 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.

JAWS MUSTANG ACQ CORP A (JWSMF) has a Piotroski F-Score of 1 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.

JAWS MUSTANG ACQ CORP A (JWSMF) reported a net loss of $1.6M while operations used $680K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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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