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Lakeshore Acquisition Iii Corp Financials

LCCC
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Lakeshore Acquisition Iii Corp (LCCC) 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).

Rhea AI LCCC FY2025

Lakeshore Acquisition III’s reported profit masks a non-operating balance-sheet unwind rather than a self-funding operating business.

FY2025 net income of $1.26M sat beside an operating loss of -$600K and negative operating cash flow of -$519K, so the year’s profit did not come from recurring business activity. At the same time, $70.2M of investing inflow was largely matched by -$69.0M of financing outflow, which means the biggest cash movements were balance-sheet transactions, not cash generated by operations.

The balance sheet shows short-term liquidity but negative book equity: current assets of $766K covered only $75K of current liabilities, yet total liabilities still exceeded total assets by about $1.7M. That combination says near-term obligations were light even though the company was not supported by accounting equity at year-end.

With just $757K of cash left after those large inflows and outflows, the entity looked transaction-driven rather than operating-funded; most reported cash movement bypassed the income statement. The reported return on assets of 1.8% is therefore less reassuring than it appears, because both operating income and operating cash flow were negative.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 17 / 100
Financial Profile 17/100

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 Lakeshore Acquisition Iii 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.

Liquidity
100

With a current ratio of 10.21, Lakeshore Acquisition Iii Corp holds $10.21 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Earnings Quality Low Quality
-0.41x

For every $1 of reported earnings, Lakeshore Acquisition Iii Corp generates $-0.41 in operating cash flow (-$519K OCF vs $1.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-0.3x

Lakeshore Acquisition Iii Corp earns $-0.3 in operating income for every $1 of interest expense (-$600K vs $1.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
$1.3M

Lakeshore Acquisition Iii Corp reported $1.3M in net income in fiscal year 2025.

EPS (Diluted)
$0.31

Lakeshore Acquisition Iii Corp earned $0.31 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$757K

Lakeshore Acquisition Iii Corp held $757K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
9M

Lakeshore Acquisition Iii Corp had 9M shares outstanding in fiscal year 2025.

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
N/A
Capital Expenditures
N/A

LCCC Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue $1.0M 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
Gross Profit 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
SG&A Expenses $109K N/A $231K-8.1% $251K+623.1% $35K+145.6% $14K
Operating Income -$109K N/A -$231K+8.1% -$251K-623.1% -$35K-145.6% -$14K
Interest Expense $618K N/A $717K+53.5% $467K $0 $0
Income Tax N/A N/A N/A N/A N/A N/A
Net Income $510K N/A $487K+124.9% $216K+724.0% -$35K-145.6% -$14K
EPS (Diluted) $0.08 N/A $0.08+33.3% $0.06 $0.00 $0.00

LCCC Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $72.1M+0.7% $71.6M+0.8% $71.0M+0.7% $70.5M+23323.2% $301K-3.1% $311K
Current Assets $657K-14.2% $766K-9.9% $850K-21.3% $1.1M+258.7% $301K-3.1% $311K
Cash & Equivalents $590K-22.0% $757K-7.4% $817K-20.2% $1.0M+2794.7% $35K-65.0% $101K
Inventory 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
Goodwill N/A N/A N/A N/A N/A N/A
Total Liabilities $74.0M+0.8% $73.3M+0.9% $72.7M+1.0% $72.0M+22040.7% $325K+8.3% $300K
Current Liabilities $75K0.0% $75K0.0% $75K0.0% $75K-76.9% $325K+8.3% $300K
Long-Term Debt N/A N/A N/A N/A N/A N/A
Total Equity -$1.8M-6.3% -$1.7M-5.1% -$1.6M-16.4% -$1.4M-5819.5% -$24K-318.9% $11K
Retained Earnings -$1.8M-6.3% -$1.7M-5.1% -$1.6M-16.4% -$1.4M-2788.1% -$49K-245.6% -$14K

LCCC Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow -$166K-177.0% -$60K+70.9% -$206K+5.5% -$218K-529.5% -$35K-19.1% -$29K
Capital Expenditures 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
Investing Cash Flow N/A $0 $0 N/A N/A $130K
Financing Cash Flow $0 $0 $0+100.0% -$69.0M-223462.9% -$31K $0
Dividends Paid 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

LCCC Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin N/A N/A N/A N/A N/A N/A
Operating Margin -10.5% N/A N/A N/A N/A N/A
Net Margin 49.3% N/A N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A N/A -129.9%
Return on Assets 0.7% N/A 0.7%+0.4pp 0.3%+11.8pp -11.5%-7.0pp -4.5%
Current Ratio 8.76-1.4 10.21-1.1 11.33-3.1 14.41+13.5 0.93-0.1 1.04
Debt-to-Equity -40.35+2.2 -42.54+1.8 -44.31+6.7 -51.05-37.4 -13.65-41.2 27.58
FCF Margin N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$1.7M), 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

Yes, Lakeshore Acquisition Iii Corp (LCCC) reported a net income of $1.3M in fiscal year 2025.

Lakeshore Acquisition Iii Corp (LCCC) reported diluted earnings per share of $0.31 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.

Lakeshore Acquisition Iii Corp (LCCC) generated -$519K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Lakeshore Acquisition Iii Corp (LCCC) had $71.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Lakeshore Acquisition Iii Corp (LCCC) had 9M shares outstanding as of fiscal year 2025.

Lakeshore Acquisition Iii Corp (LCCC) had a current ratio of 10.21 as of fiscal year 2025, which is generally considered healthy.

Lakeshore Acquisition Iii Corp (LCCC) had a debt-to-equity ratio of -42.54 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Lakeshore Acquisition Iii Corp (LCCC) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Lakeshore Acquisition Iii Corp (LCCC) had $757K in cash against an annual operating cash burn of $519K. This gives an estimated cash runway of approximately 17 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.

Lakeshore Acquisition Iii Corp (LCCC) has negative shareholder equity of -$1.7M 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.

Lakeshore Acquisition Iii Corp (LCCC) 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.

Lakeshore Acquisition Iii Corp (LCCC) has an interest coverage ratio of -0.3x, 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.

Lakeshore Acquisition Iii Corp (LCCC) scores 17 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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