LAKE SUPERIOR ACQUISITION CO (LKSPU) Financials
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the LKSPU SEC filings page.
This page shows LAKE SUPERIOR ACQUISITION CO (LKSPU) 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).
Capital movements dominate the accounts, while reported earnings coexist with operating losses and negative equity.
FY2025 net income of$666K sat above an operating loss of$360K , while operating cash flow was-$444K ; earnings therefore did not describe recurring operating output. The$115.0M investing outflow was nearly matched by a$115.8M financing inflow, indicating that the balance sheet was shaped primarily by capital movements rather than internally generated cash.
The 4.4x current ratio indicates current assets exceeded current liabilities, a short-term position that looks better than the broader balance sheet. Total liabilities were
That imbalance left negative equity of
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
LAKE SUPERIOR ACQUISITION CO 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.
For every $1 of reported earnings, LAKE SUPERIOR ACQUISITION CO used $0.67 of operating cash (-$444K OCF vs $666K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
LAKE SUPERIOR ACQUISITION CO reported $853K in net income in Q2 2026. This represents an increase of 1486.2% from the same quarter a year earlier. Against the prior quarter it is up 34.1%.
LAKE SUPERIOR ACQUISITION CO earned $0.05 per diluted share (EPS) in Q2 2026. Against the prior quarter it is up 25.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
LAKE SUPERIOR ACQUISITION CO held $136K in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
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.
LKSPU 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $183K+196.6% | $386K+700.2% | N/A | $25K+53.6% | $62K | $48K | N/A | $16K |
| Operating Income | -$183K-196.6% | -$386K-700.2% | N/A | N/A | -$62K | -$48K | N/A | N/A |
| Income Tax | $0 | $0 | N/A | N/A | $0 | $0 | N/A | N/A |
| Net Income | $853K+1486.2% | $636K+1418.2% | N/A | -$25K-53.6% | -$62K | -$48K | N/A | -$16K |
| EPS (Basic) | N/A | N/A | N/A | -$0.01+50.0% | N/A | N/A | N/A | -$0.02 |
| EPS (Diluted) | $0.05 | $0.04 | N/A | N/A | $0.00 | $0.00 | N/A | N/A |
| Diluted Shares (Avg) | 12M | 12M | N/A | 3M+338.1% | 0 | 0 | N/A | 760,869 |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense.
LKSPU 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.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $118.3M | $117.3M | $116.6M+54578.1% | $174K | N/A | N/A | $213K | N/A |
| Current Assets | $186K | $270K | $560K+333.2% | N/A | N/A | N/A | $129K | N/A |
| Cash & Equivalents | $136K+68.9% | $184K+275.9% | $486K+275.8% | $50K-68.9% | $80K | $49K | $129K | $160K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $123.0M | $121.9M | $120.8M+48025.9% | $347K | N/A | N/A | $251K | N/A |
| Current Liabilities | $322K | $224K | $128K-48.9% | $347K | N/A | N/A | $251K | N/A |
| Non-Current Liabilities | $122.7M | $121.6M | $120.6M | $0 | N/A | N/A | $0 | N/A |
| Total Equity | -$4.7M-3111.6% | -$4.6M-5198.5% | -$4.2M-10958.7% | -$173K-2093.2% | -$147K | -$86K | -$38K | $9K |
| Retained Earnings | -$4.7M | -$4.6M | -$4.2M-6548.7% | -$198K | N/A | N/A | -$63K | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
LKSPU 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.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
LKSPU 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.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Debt-to-Equity, Asset Turnover, FCF Margin.
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.
Where LAKE SUPERIOR ACQUISITION CO Ranks
Frequently Asked Questions
Is LAKE SUPERIOR ACQUISITION CO profitable?
Yes, LAKE SUPERIOR ACQUISITION CO (LKSPU) reported a net income of $666K in fiscal year 2025.
What is LAKE SUPERIOR ACQUISITION CO's operating cash flow?
LAKE SUPERIOR ACQUISITION CO (LKSPU) recorded an outflow of $444K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are LAKE SUPERIOR ACQUISITION CO's total assets?
LAKE SUPERIOR ACQUISITION CO (LKSPU) had $116.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is LAKE SUPERIOR ACQUISITION CO's current ratio?
LAKE SUPERIOR ACQUISITION CO (LKSPU) had a current ratio of 4.37 as of fiscal year 2025, which is generally considered healthy.
What is LAKE SUPERIOR ACQUISITION CO's return on assets (ROA)?
LAKE SUPERIOR ACQUISITION CO (LKSPU) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is LAKE SUPERIOR ACQUISITION CO's debt-to-equity ratio negative or not reported?
LAKE SUPERIOR ACQUISITION CO (LKSPU) has negative shareholder equity of -$4.2M 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.
Are LAKE SUPERIOR ACQUISITION CO's earnings high quality?
For every $1 of reported earnings, LAKE SUPERIOR ACQUISITION CO (LKSPU) used $0.67 of operating cash (-$444K OCF vs $666K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.