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METAL SKY STAR ACQ CORP (MSSAF) Financials

MSSAF
FY2025 annual
Revenue Not reported for FY2025
Net Income -$554K -160.0% YoY
EPS (Diluted) Not reported for FY2025
Free Cash Flow Not reported for FY2025
Source SEC Filings (10-K/10-Q) Latest period Q1 FY2026, ended Mar 31, 2026 Reported Currency USD FYE December

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 MSSAF SEC filings page.

This page shows METAL SKY STAR ACQ CORP (MSSAF) 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).

Rhea AI MSSAF FY2025

Capital movements, not operating revenue, dominate the reported economics as assets contract and negative equity deepens.

Across FY2022-FY2024, operating losses coexisted with positive net income, showing that reported earnings were being shaped below operations rather than tracking operating performance. The reversal to -$554K in FY2025, alongside ROA moving from 13.8% in FY2024 to -54.0%, indicates that the shrinking asset base magnified modest absolute earnings changes.

Current-asset coverage deteriorated sharply: the current ratio fell from 1.5x in FY2022 to effectively zero by FY2025, signaling near-total dependence on current liabilities. Equity moved from -$2.8M in FY2022 to -$8.2M in FY2025, so negative debt-to-equity figures should not be read as low leverage; they are distorted by negative equity.

In FY2022, investing cash flow of -$115M was nearly matched by financing cash flow of $115M, pointing to capital movement rather than internally funded operating reinvestment. FY2024 shows the same pairing at $30M, alongside $31M of share buybacks; absent operating cash flow in FY2024-FY2025, recurring cash generation cannot be assessed.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

METAL SKY STAR ACQ CORP does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The metrics below are current.

Key Financial Metrics

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Earnings & Revenue

Net Income
-$114K
YoY+25.8%

METAL SKY STAR ACQ CORP reported -$114K in net income in Q1 2026. This represents an increase of 25.8% from the same quarter a year earlier.

Revenue

Not reported for Q1 2026.

EBITDA

Not reported for Q1 2026.

EPS (Diluted)

Not reported for Q1 2026.

Cash & Balance Sheet

Shares Outstanding
3M
YoY-13.1%
QoQ0.0%

METAL SKY STAR ACQ CORP had 3M shares outstanding in Q1 2026. This represents a decrease of 13.1% from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q1 2026.

Cash & Debt

Not reported for Q1 2026.

Dividends Per Share

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.

MSSAF 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.

MSSAF quarterly income statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Operating Income-$123K+45.2%N/AN/AN/A-$224K-38.3%N/A-$330K-197.9%-$74K+66.9%
Interest ExpenseN/AN/AN/A$25K-92.0%-$150K-149.7%N/A$332K-35.8%$312K-30.6%
Net Income-$114K+25.8%N/A-$93K-164.3%-$198K-150.5%-$153K-151.6%N/A$144K-78.2%$392K-15.9%

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).

MSSAF 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.

MSSAF quarterly balance sheet
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Total Assets$1.1M-84.7%$1.0M-84.7%$984K-97.4%$863K-97.6%$7.0M-80.7%$6.7M-81.1%$37.3M-38.7%$36.7M-38.3%
Current Assets$26K-61.6%$20K+221.3%$63K+117.9%$1K-96.9%$67K+11124.0%$6K+237.3%$29K+29.8%$46K+9.1%
Cash & EquivalentsN/AN/AN/A$0N/A$0N/AN/A
Short-Term InvestmentsN/AN/AN/A$0N/A$0N/AN/A
Long-Term Investments$1.0M-84.9%$1.0M-84.9%$921K-97.5%$862K-97.7%$6.9M-80.9%$6.7M-81.1%$37.3M-38.7%$36.7M-38.3%
Total Liabilities$9.4M-35.2%$9.2M-33.3%$9.0M-79.6%$8.7M-79.8%$14.5M-65.6%$13.9M-66.3%$44.1M-33.3%$43.0M-32.9%
Current Liabilities$5.5M+15.9%$5.3M+24.0%$5.2M+31.7%$5.0M+41.0%$4.7M+45.5%$4.3M+51.2%$3.9M+62.2%$3.5M+98.5%
Non-Current Liabilities$2.9M0.0%$2.9M0.0%$2.9M0.0%$2.9M0.0%$2.9M0.0%$2.9M0.0%$2.9M0.0%$2.9M0.0%
Total Equity-$8.3M-10.5%-$8.2M-14.6%-$8.0M-18.3%-$7.8M-24.4%-$7.5M-24.1%-$7.2M-24.3%-$6.8M-28.5%-$6.3M-36.8%
Retained Earnings-$8.3M-10.5%-$8.2M-14.6%-$8.0M-18.3%-$7.9M-24.4%-$7.5M-24.1%-$7.2M-24.3%-$6.8M-28.4%-$6.3M-36.8%

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

MSSAF 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.

MSSAF quarterly cash flow statement
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Investing Cash Flow-$25K+83.3%-$75K-100.2%-$50K+50.0%N/A-$150K+40.0%$30.9M+18.6%-$100K+82.2%-$150K+73.3%
Financing Cash Flow$25K-83.3%$50K+100.2%$75K-25.0%N/A$150K-40.0%-$30.9M-17.8%$100K-84.4%$150K-78.3%
Share BuybacksN/A$0$0N/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Operating Cash Flow, Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.

MSSAF 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.

MSSAF quarterly financial ratios
MetricQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-QQ2'2410-Q
Return on Assets-10.7%-8.5ppN/A-9.4%-9.8pp-22.9%-24.0pp-2.2%-3.0ppN/A0.4%-0.7pp1.1%+0.3pp
Current Ratio0.000.0x0.000.0x0.010.0x0.000.0x0.010.0x0.000.0x0.010.0x0.010.0x

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 (-$8.2M), 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.

Note: The current ratio is below 1.0 (0.00), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

Is METAL SKY STAR ACQ CORP profitable?

No, METAL SKY STAR ACQ CORP (MSSAF) reported a net income of -$554K in fiscal year 2025.

What are METAL SKY STAR ACQ CORP's total assets?

METAL SKY STAR ACQ CORP (MSSAF) had $1.0M in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does METAL SKY STAR ACQ CORP have outstanding?

METAL SKY STAR ACQ CORP (MSSAF) had 3M shares outstanding as of fiscal year 2025.

METAL SKY STAR ACQ CORP (MSSAF) had a current ratio of 0.00 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

METAL SKY STAR ACQ CORP (MSSAF) had a return on assets of -54.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

METAL SKY STAR ACQ CORP (MSSAF) has negative shareholder equity of -$8.2M 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.

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