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Jaws Mustang Acquisition Corp Financials

JWSUF
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Jaws Mustang Acquisition Corp (JWSUF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).

Financial Health Signals

Piotroski F-Score Weak
3/9

Jaws Mustang Acquisition Corp passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass.

Earnings Quality Low Quality
-1.19x

For every $1 of reported earnings, Jaws Mustang Acquisition Corp generates $-1.19 in operating cash flow (-$2.0M OCF vs $1.7M 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

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
$1.7M
YoY-68.4%

Jaws Mustang Acquisition Corp reported $1.7M in net income in fiscal year 2024. This represents a decrease of 68.4% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$319K
YoY+79.2%

Jaws Mustang Acquisition Corp held $319K in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share
N/A
Shares Outstanding
26M

Jaws Mustang Acquisition Corp had 26M shares outstanding in fiscal year 2024.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
$22.8M
YoY-97.8%

Jaws Mustang Acquisition Corp spent $22.8M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 97.8% from the prior year.

Capital Expenditures
N/A

JWSUF Income Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
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 $67K-51.8% $139K-2.5% $143K N/A $199K-27.1% $273K-57.0% $634K N/A
Operating Income -$67K+51.8% -$139K+2.5% -$143K N/A -$199K+27.1% -$273K+57.0% -$634K N/A
Interest Expense N/A N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A $0 N/A N/A N/A $0 N/A
Net Income -$60K-125.0% $240K+147.3% -$508K N/A $2.9M-32.5% $4.3M+160.6% -$7.2M N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

JWSUF Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Total Assets $1.2M+8.3% $1.1M-8.2% $1.2M-11.9% $1.4M-91.5% $16.1M+1.3% $15.9M-0.2% $15.9M-31.4% $23.2M
Current Assets $147K+139.7% $61K-63.5% $168K-50.3% $338K+385.7% $70K-21.0% $88K-74.8% $349K+83.9% $190K
Cash & Equivalents $114K+197.7% $38K-75.0% $153K-52.0% $319K+820.2% $35K+14.8% $30K-87.9% $250K+40.6% $178K
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 $7.1M+2.3% $6.9M-4.6% $7.3M+5.1% $6.9M-70.0% $23.1M-9.8% $25.6M-14.0% $29.7M+0.4% $29.6M
Current Liabilities $2.6M-9.4% $2.9M+1.1% $2.8M-1.0% $2.9M-40.3% $4.8M+2.4% $4.7M+1.9% $4.6M+11.7% $4.1M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$5.9M-1.1% -$5.8M+3.8% -$6.1M-9.3% -$5.6M+20.6% -$7.0M+27.9% -$9.7M+29.8% -$13.8M-114.8% -$6.4M
Retained Earnings -$5.9M-1.1% -$5.8M+3.8% -$6.1M-9.3% -$5.6M+20.6% -$7.0M+27.9% -$9.7M+29.8% -$13.8M-114.8% -$6.4M

JWSUF Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
Operating Cash Flow -$346K-201.1% -$115K+30.7% -$166K+89.3% -$1.6M-2461.4% -$61K+58.3% -$145K+38.9% -$238K-631.3% -$32K
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 N/A N/A $15.1M+20181.3% -$75K0.0% -$75K-101.0% $7.6M $0
Financing Cash Flow N/A N/A N/A -$13.2M-9547.1% $140K $0+100.0% -$7.3M $0
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A $15.1M $0 $0-100.0% $7.7M $0

JWSUF Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24 Q4'23
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 -5.0%-26.6pp 21.6%+63.6pp -42.0% N/A 18.2%-9.1pp 27.4%+72.3pp -45.0% N/A
Current Ratio 0.06+0.0 0.02-0.0 0.06-0.1 0.12+0.1 0.010.0 0.02-0.1 0.08+0.0 0.05
Debt-to-Equity -1.20-0.0 -1.190.0 -1.20+0.0 -1.25+2.1 -3.30-0.7 -2.64-0.5 -2.15+2.5 -4.61
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$5.6M), 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 (0.12), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

Yes, Jaws Mustang Acquisition Corp (JWSUF) reported a net income of $1.7M in fiscal year 2024.

Jaws Mustang Acquisition Corp (JWSUF) generated -$2.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

Jaws Mustang Acquisition Corp (JWSUF) had $1.4M in total assets as of fiscal year 2024, including both current and long-term assets.

Yes, Jaws Mustang Acquisition Corp (JWSUF) spent $22.8M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

Jaws Mustang Acquisition Corp (JWSUF) had 26M shares outstanding as of fiscal year 2024.

Jaws Mustang Acquisition Corp (JWSUF) had a current ratio of 0.12 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

Jaws Mustang Acquisition Corp (JWSUF) had a debt-to-equity ratio of -1.25 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

Jaws Mustang Acquisition Corp (JWSUF) had a return on assets of 122.5% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2024 data, Jaws Mustang Acquisition Corp (JWSUF) had $319K in cash against an annual operating cash burn of $2.0M. This gives an estimated cash runway of approximately 2 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.

Jaws Mustang Acquisition Corp (JWSUF) has negative shareholder equity of -$5.6M 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.

Jaws Mustang Acquisition Corp (JWSUF) 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Jaws Mustang Acquisition Corp (JWSUF) has an earnings quality ratio of -1.19x, 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.

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