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NewHold Investment Corp III Financials

NHIC
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows NewHold Investment Corp III (NHIC) 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 NHIC FY2025

FY2025 looks financing-driven: capital raised was redeployed almost immediately, leaving a thin cash cushion and profits detached from operations.

With net income at $4.9M but operating cash flow at -$1.0M and operating income at -$2.1M, the year’s reported profit came from non-operating balance-sheet effects rather than cash earnings. That matters because the company also finished FY2025 with negative equity of -$7.0M, so accounting gains did not rebuild the capital base enough to offset liabilities above assets.

The cash-flow statement shows a pass-through capital structure: $204.4M of financing inflow was almost entirely matched by $202.3M of investing outflow, and year-end cash was only $1.2M. In practice, capital was moved through the balance sheet quickly rather than accumulated as liquidity.

Near-term liquidity looks tighter than the full balance sheet: cash of $1.2M against current liabilities of $1.3M and a current ratio of 1.1x suggest bills are narrowly covered. But total liabilities of $217.5M versus assets of $210.6M show the deeper issue is solvency, not day-to-day working capital.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating NewHold Investment Corp III's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Earnings Quality Low Quality
-0.20x

For every $1 of reported earnings, NewHold Investment Corp III generates $-0.20 in operating cash flow (-$1.0M OCF vs $4.9M 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
$4.9M

NewHold Investment Corp III reported $4.9M in net income in fiscal year 2025.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$1.2M

NewHold Investment Corp III held $1.2M 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

NHIC Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
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 $1.1M N/A $261K-3.0% $269K+0.7% $267K N/A $38K
Operating Income -$1.1M N/A -$261K+3.0% -$269K-0.7% -$267K N/A -$38K
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 $704K N/A $1.9M+1.2% $1.9M+380.4% $393K N/A -$38K
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A

NHIC Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $211.9M+0.6% $210.6M+0.8% $208.8M+0.9% $206.9M+0.9% $205.0M+53555.5% $382K N/A
Current Assets $802K-39.9% $1.3M-15.2% $1.6M-12.7% $1.8M-12.1% $2.1M+436.9% $382K N/A
Cash & Equivalents $624K-47.9% $1.2M-13.8% $1.4M-11.4% $1.6M-11.1% $1.8M+3103.6% $55K 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 $220.0M+1.1% $217.5M+1.4% $214.5M+1.0% $212.3M+1.0% $210.1M+46911.9% $447K N/A
Current Liabilities $1.9M+48.8% $1.3M+498.6% $209K+10.0% $190K+2.2% $186K-58.4% $447K N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A
Total Equity -$8.1M-16.4% -$7.0M-22.6% -$5.7M-4.5% -$5.4M-4.9% -$5.2M-7867.7% -$65K-400.0% -$13K
Retained Earnings -$8.1M-16.4% -$7.0M-22.6% -$5.7M-4.5% -$5.4M-4.9% -$5.2M-5655.6% -$90K N/A

NHIC Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$574K-200.5% -$191K-7.3% -$178K+8.7% -$195K+55.9% -$442K 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 $0 $0 $0+100.0% -$202.3M N/A N/A
Financing Cash Flow N/A $0 $0 $0-100.0% $204.4M+206369.7% $99K+330.4% $23K
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

NHIC Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
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 N/A N/A
Return on Assets 0.3% N/A 0.9%0.0pp 0.9%+0.7pp 0.2% N/A N/A
Current Ratio 0.43-0.6 1.07-6.5 7.53-2.0 9.48-1.5 11.03+10.2 0.85 N/A
Debt-to-Equity N/A N/A N/A N/A N/A 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 (-$7.0M), 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, NewHold Investment Corp III (NHIC) reported a net income of $4.9M in fiscal year 2025.

NewHold Investment Corp III (NHIC) generated -$1.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

NewHold Investment Corp III (NHIC) had $210.6M in total assets as of fiscal year 2025, including both current and long-term assets.

NewHold Investment Corp III (NHIC) had a current ratio of 1.07 as of fiscal year 2025, which is considered adequate.

NewHold Investment Corp III (NHIC) had a return on assets of 2.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, NewHold Investment Corp III (NHIC) had $1.2M in cash against an annual operating cash burn of $1.0M. This gives an estimated cash runway of approximately 14 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.

NewHold Investment Corp III (NHIC) has negative shareholder equity of -$7.0M 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.

NewHold Investment Corp III (NHIC) has an earnings quality ratio of -0.20x, 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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