NewHold Investment Corp III Financials
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).
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:
Near-term liquidity looks tighter than the full balance sheet: cash of
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of NewHold Investment Corp III's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
NewHold Investment Corp III's current ratio of 1.07 is below the typical benchmark, resulting in a score of 16/100. However, the company holds substantial cash reserves (96% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
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
Earnings & Revenue
NewHold Investment Corp III reported $4.9M in net income in fiscal year 2025.
Cash & Balance Sheet
NewHold Investment Corp III held $1.2M in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Capital Allocation
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 | -27.14+4.1 | -31.25+6.5 | -37.76+1.3 | -39.08+1.5 | -40.58-33.7 | -6.88 | 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
Is NewHold Investment Corp III profitable?
Yes, NewHold Investment Corp III (NHIC) reported a net income of $4.9M in fiscal year 2025.
What is NewHold Investment Corp III's operating cash flow?
NewHold Investment Corp III (NHIC) generated -$1.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are NewHold Investment Corp III's total assets?
NewHold Investment Corp III (NHIC) had $210.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is NewHold Investment Corp III's current ratio?
NewHold Investment Corp III (NHIC) had a current ratio of 1.07 as of fiscal year 2025, which is considered adequate.
What is NewHold Investment Corp III's debt-to-equity ratio?
NewHold Investment Corp III (NHIC) had a debt-to-equity ratio of -31.25 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is NewHold Investment Corp III's return on assets (ROA)?
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.
What is NewHold Investment Corp III's cash runway?
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.
Why is NewHold Investment Corp III's debt-to-equity ratio negative or unusual?
NewHold Investment Corp III (NHIC) has negative shareholder equity of -$7.0M 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.
Are NewHold Investment Corp III's earnings high quality?
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.
How financially healthy is NewHold Investment Corp III?
NewHold Investment Corp III (NHIC) scores 3 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.