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Lake Superior Acquisition Co Financials

LKSP
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Lake Superior Acquisition Co (LKSP) 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

Earnings Quality Low Quality
-0.67x

For every $1 of reported earnings, Lake Superior Acquisition Co generates $-0.67 in operating cash flow (-$444K OCF vs $666K 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
$666K

Lake Superior Acquisition Co reported $666K in net income in fiscal year 2025.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$486K

Lake Superior Acquisition Co held $486K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

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

LKSP Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Revenue 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
Gross Profit 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
SG&A Expenses N/A $25K N/A N/A N/A $16K N/A
Operating Income 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
Income Tax N/A N/A N/A N/A N/A N/A N/A
Net Income N/A -$25K+59.2% -$62K-27.5% -$48K N/A -$16K $0
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A

LKSP Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Total Assets $116.6M+66842.1% $174K N/A N/A $213K N/A N/A
Current Assets $560K N/A N/A N/A $129K N/A N/A
Cash & Equivalents $486K+875.8% $50K N/A N/A $129K-19.1% $160K N/A
Inventory 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
Goodwill N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $120.8M+34724.4% $347K N/A N/A $251K N/A N/A
Current Liabilities $128K-63.0% $347K N/A N/A $251K N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A
Total Equity -$4.2M-2315.0% -$173K-17.0% -$147K-71.6% -$86K-128.1% -$38K-535.3% $9K N/A
Retained Earnings -$4.2M-2009.4% -$198K N/A N/A -$63K N/A N/A

LKSP Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Operating Cash Flow -$340K N/A N/A N/A N/A N/A N/A
Capital Expenditures 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
Investing Cash Flow N/A N/A N/A N/A N/A N/A N/A
Financing Cash Flow $115.8M N/A N/A N/A N/A N/A N/A
Dividends Paid 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

LKSP Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24
Gross Margin 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
Net Margin 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 -188.7% N/A
Return on Assets N/A -14.4% N/A N/A N/A N/A N/A
Current Ratio 4.37 N/A N/A N/A 0.52 N/A N/A
Debt-to-Equity -28.97-27.0 -2.01 N/A N/A -6.66 N/A N/A
FCF Margin N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$4.2M), 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, Lake Superior Acquisition Co (LKSP) reported a net income of $666K in fiscal year 2025.

Lake Superior Acquisition Co (LKSP) generated -$444K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Lake Superior Acquisition Co (LKSP) had $116.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Lake Superior Acquisition Co (LKSP) had a current ratio of 4.37 as of fiscal year 2025, which is generally considered healthy.

Lake Superior Acquisition Co (LKSP) had a debt-to-equity ratio of -28.97 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Lake Superior Acquisition Co (LKSP) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Lake Superior Acquisition Co (LKSP) had $486K in cash against an annual operating cash burn of $444K. This gives an estimated cash runway of approximately 13 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.

Lake Superior Acquisition Co (LKSP) has negative shareholder equity of -$4.2M 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.

Lake Superior Acquisition Co (LKSP) has an earnings quality ratio of -0.67x, 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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