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Keen Vision Acquisition Corp Financials

KVAC
Source SEC Filings (10-K/10-Q) Updated Mar 25, 2026 Currency USD FYE March

This page shows Keen Vision Acquisition Corp (KVAC) 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

Profitability Growth Leverage Liquidity Cash Flow Returns 0 / 100
Financial Profile 0/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Keen Vision Acquisition Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Leverage
0

Keen Vision Acquisition Corp has elevated debt relative to equity (D/E of -9.14), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Liquidity
0

Keen Vision Acquisition Corp's current ratio of 0.01 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak
1/9

Keen Vision Acquisition Corp 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).

Earnings Quality Low Quality
-0.41x

For every $1 of reported earnings, Keen Vision Acquisition Corp generates $-0.41 in operating cash flow (-$784K OCF vs $1.9M 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
$1.9M
YoY-74.2%

Keen Vision Acquisition Corp reported $1.9M in net income in fiscal year 2025. This represents a decrease of 74.2% from the prior year.

EPS (Diluted)
$0.39

Keen Vision Acquisition Corp earned $0.39 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$11K
YoY-79.5%

Keen Vision Acquisition Corp held $11K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
6M
YoY+24.7%

Keen Vision Acquisition Corp had 6M shares outstanding in fiscal year 2025. This represents an increase of 24.7% from the prior year.

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
$18.1M
YoY-80.4%

Keen Vision Acquisition Corp spent $18.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 80.4% from the prior year.

Capital Expenditures
N/A

KVAC Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
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 N/A N/A N/A N/A N/A N/A N/A 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 N/A N/A N/A N/A N/A N/A
Net Income $373K-33.1% $558K-1.8% $568K N/A $1.6M-12.1% $1.8M-45.7% $3.3M N/A
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

KVAC Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $56.0M-23.4% $73.1M+1.8% $71.8M+1.9% $70.4M-56.2% $161.0M+1.1% $159.2M+1.1% $157.5M+1.1% $155.7M
Current Assets $19K-71.3% $65K-26.0% $88K+38.1% $64K+48.4% $43K-87.2% $335K-46.7% $628K-27.4% $866K
Cash & Equivalents $16K+1105.8% $1K-91.8% $16K-70.7% $55K+34.7% $41K-84.5% $261K-45.4% $479K-24.2% $632K
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 $62.5M-20.8% $78.9M+2.8% $76.8M+2.9% $74.6M-54.5% $164.2M+1.4% $161.9M+1.3% $159.9M+1.3% $157.8M
Current Liabilities $3.5M+22.4% $2.8M+37.2% $2.1M+62.5% $1.3M+451.5% $231K+1257.6% $17K-60.4% $43K+206.3% $14K
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity -$6.4M-11.8% -$5.8M-15.9% -$5.0M-18.4% -$4.2M-32.1% -$3.2M-18.9% -$2.7M-11.1% -$2.4M-12.5% -$2.1M
Retained Earnings -$6.4M-11.8% -$5.8M-15.9% -$5.0M-18.4% -$4.2M-32.1% -$3.2M-18.9% -$2.7M-11.1% -$2.4M+34.3% -$3.7M

KVAC Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$178K+0.6% -$179K+42.0% -$308K+33.1% -$461K-48.3% -$311K-43.1% -$217K-41.8% -$153K-83.1% -$84K
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 $17.7M+3043.0% -$600K0.0% -$600K N/A N/A N/A N/A $0
Financing Cash Flow -$17.5M-2386.1% $764K-12.1% $870K+101.0% -$91.3M N/A N/A N/A -$20K
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 N/A N/A N/A N/A N/A

KVAC Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
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 0.7%-0.1pp 0.8%-0.0pp 0.8% N/A 1.0%-0.1pp 1.1%-1.0pp 2.1% N/A
Current Ratio 0.01-0.0 0.02-0.0 0.040.0 0.05-0.1 0.19-19.5 19.70+5.1 14.65-47.2 61.83
Debt-to-Equity -9.70+4.0 -13.69+1.8 -15.45+2.3 -17.77+33.9 -51.66+8.9 -60.58+5.9 -66.48+7.3 -73.81
FCF Margin N/A N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$7.0M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Yes, Keen Vision Acquisition Corp (KVAC) reported a net income of $1.9M in fiscal year 2025.

Keen Vision Acquisition Corp (KVAC) reported diluted earnings per share of $0.39 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Keen Vision Acquisition Corp (KVAC) generated -$784K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Keen Vision Acquisition Corp (KVAC) had $57.0M in total assets as of fiscal year 2025, including both current and long-term assets.

Yes, Keen Vision Acquisition Corp (KVAC) spent $18.1M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Keen Vision Acquisition Corp (KVAC) had 6M shares outstanding as of fiscal year 2025.

Keen Vision Acquisition Corp (KVAC) had a current ratio of 0.01 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Keen Vision Acquisition Corp (KVAC) had a debt-to-equity ratio of -9.14 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Keen Vision Acquisition Corp (KVAC) had a return on assets of 3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Keen Vision Acquisition Corp (KVAC) had $11K in cash against an annual operating cash burn of $784K. 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.

Keen Vision Acquisition Corp (KVAC) has negative shareholder equity of -$7.0M 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.

Keen Vision Acquisition Corp (KVAC) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Keen Vision Acquisition Corp (KVAC) has an earnings quality ratio of -0.41x, 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.

Keen Vision Acquisition Corp (KVAC) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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