Mountain Lake Acquisition Corp. (MLAC) Financials
Newest figures come from the 10-Q for Q1 FY2026, filed May 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the MLAC SEC filings page.
This page shows Mountain Lake Acquisition Corp. (MLAC) 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).
Negative equity and liability-heavy assets make this vehicle’s balance sheet more informative than its unreported revenue.
Liabilities of$242.5M against assets of$241.8M leave negative equity of-$735K , while the 1.9x current ratio indicates current assets exceed current obligations but says little about the overall capital structure. Net income of$8.3M coexisted with operating income of-$1.3M and operating cash flow of-$931K , separating reported earnings from cash generated by operations.
With revenue and margins unreported, the useful lens is balance-sheet structure: liabilities effectively absorb the asset base, leaving no positive equity cushion. The current ratio therefore describes short-term balance, not broad solvency.
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Mountain Lake Acquisition Corp. 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, Mountain Lake Acquisition Corp. used $0.11 of operating cash (-$931K OCF vs $8.3M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Mountain Lake Acquisition Corp. reported $1.7M in net income in Q1 2026. This represents a decrease of 14.6% from the same quarter a year earlier.
Not reported for Q1 2026.
Not reported for Q1 2026.
Not reported for Q1 2026.
Cash & Balance Sheet
Mountain Lake Acquisition Corp. held $67K in cash as of Q1 2026; long-term debt is not reported for that period.
Not reported for Q1 2026.
Not reported for Q1 2026.
Margins & Returns
None of these metrics is reported for Q1 2026.
Capital Allocation
None of these metrics is reported for Q1 2026.
MLAC 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
MLAC 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 | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|
| Total Assets | $243.6M+3.5% | $241.8M+3.7% | $239.9M | $237.7M | $235.4M | $233.2M | N/A |
| Current Assets | $216K-83.7% | $557K-62.8% | $940K | $1.3M | $1.3M | $1.5M | N/A |
| Cash & Equivalents | $67K-94.5% | $453K-67.3% | $846K | $1.2M | $1.2M | $1.4M | N/A |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | N/A |
| Long-Term Investments | $0-100.0% | $0-100.0% | $0 | $0 | $234.0M | $231.6M | N/A |
| Total Liabilities | $244.7M+1.0% | $242.5M+1.2% | $247.3M | $244.7M | $242.2M | $239.7M | N/A |
| Current Liabilities | $341K+138.1% | $292K+1584.9% | $299K | $248K | $143K | $17K | N/A |
| Non-Current Liabilities | $244.3M+1.0% | $242.2M+1.1% | $247.0M | $244.4M | $242.0M | $239.7M | N/A |
| Total Equity | -$1.1M+83.5% | -$735K+88.7% | -$7.4M-37305.3% | -$7.0M | -$6.8M | -$6.5M | -$20K |
| Retained Earnings | -$1.1M+83.5% | -$736K+88.7% | -$7.4M | -$7.0M | -$6.8M | -$6.5M | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
MLAC 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, Financing Cash Flow, Dividends Paid, Share Buybacks.
MLAC 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, Return on Equity, Debt-to-Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$735K), 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 Mountain Lake Acquisition Corp. Ranks
Frequently Asked Questions
Is Mountain Lake Acquisition Corp. profitable?
Yes, Mountain Lake Acquisition Corp. (MLAC) reported a net income of $8.3M in fiscal year 2025.
What is Mountain Lake Acquisition Corp.'s operating cash flow?
Mountain Lake Acquisition Corp. (MLAC) recorded an outflow of $931K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Mountain Lake Acquisition Corp.'s total assets?
Mountain Lake Acquisition Corp. (MLAC) had $241.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Mountain Lake Acquisition Corp.'s current ratio?
Mountain Lake Acquisition Corp. (MLAC) had a current ratio of 1.91 as of fiscal year 2025, which is generally considered healthy.
What is Mountain Lake Acquisition Corp.'s return on assets (ROA)?
Mountain Lake Acquisition Corp. (MLAC) had a return on assets of 3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Mountain Lake Acquisition Corp.'s liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Mountain Lake Acquisition Corp. (MLAC) held $453K in cash, cash equivalents and investments, and reported an operating cash outflow of $931K over that year. Dividing the one by the other, the reported balance equals about 6 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Mountain Lake Acquisition Corp.'s debt-to-equity ratio negative or not reported?
Mountain Lake Acquisition Corp. (MLAC) has negative shareholder equity of -$735K 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 Mountain Lake Acquisition Corp.'s earnings high quality?
For every $1 of reported earnings, Mountain Lake Acquisition Corp. (MLAC) used $0.11 of operating cash (-$931K OCF vs $8.3M 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.