New Providence Financials
This page shows New Providence (NPAC) 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).
Balance-sheet financing rather than operations is the dominant mechanic here, with large capital movements dwarfing the underlying operating footprint.
The combination of positive net income of$7.7M , an operating loss of-$669K , and negative operating cash flow of-$740K means reported earnings did not come from running the business. The profit figure was driven by items below operating income or non-cash balance-sheet remeasurement, so earnings quality looks very different from the headline bottom line.
Cash flows show a capital pass-through structure:
The balance sheet is liquid in the short term but thinly capitalized overall: a current ratio of 8.5x sits beside negative equity of
Financial Health Signals
We are recalculating New Providence'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.
For every $1 of reported earnings, New Providence generates $-0.10 in operating cash flow (-$740K OCF vs $7.7M 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
New Providence reported $7.7M in net income in fiscal year 2025.
Cash & Balance Sheet
New Providence held $702K in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Capital Allocation
NPAC Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|
| Revenue | 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 |
| Gross Profit | 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 |
| SG&A Expenses | $1.4M | N/A | $181K+15.8% | $156K+157.1% | $61K | N/A |
| Operating Income | -$1.4M | N/A | -$181K-15.8% | -$156K-157.1% | -$61K | N/A |
| Interest Expense | 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 |
| Net Income | $1.4M | N/A | $3.0M+45.8% | $2.1M+3482.9% | -$61K | N/A |
| EPS (Diluted) | $0.04 | N/A | N/A | N/A | $-0.01 | N/A |
NPAC Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|
| Total Assets | $313.3M+0.8% | $310.8M+0.9% | $308.1M+1.0% | $305.1M+127667.5% | $239K+208.2% | $77K |
| Current Assets | $531K-34.4% | $810K-23.7% | $1.1M-15.6% | $1.3M | N/A | $24K |
| Cash & Equivalents | $325K-53.7% | $702K-23.6% | $918K-15.5% | $1.1M | N/A | N/A |
| Inventory | 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 |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $326.7M+1.2% | $322.9M+0.9% | $319.9M+1.0% | $316.7M+107994.2% | $293K+312.6% | $71K |
| Current Liabilities | $1.2M+1124.1% | $96K+26.0% | $76K-16.6% | $91K | N/A | $71K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$13.4M-11.2% | -$12.1M-2.3% | -$11.8M-1.6% | -$11.6M-21336.6% | -$54K-937.9% | $6K |
| Retained Earnings | -$13.4M-11.2% | -$12.1M-2.3% | -$11.8M-1.6% | -$11.6M-14572.3% | -$79K-327.5% | -$19K |
NPAC Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$377K-74.2% | -$216K-28.4% | -$169K+48.2% | -$326K-1020.1% | -$29K | N/A |
| Capital Expenditures | 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 |
| Investing Cash Flow | N/A | $0 | $0 | N/A | N/A | N/A |
| Financing Cash Flow | $29K | $0 | $0-100.0% | $303.1M+1042535.6% | $29K | N/A |
| Dividends Paid | 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 |
NPAC Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 |
|---|---|---|---|---|---|---|
| Gross Margin | 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 |
| Net Margin | 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 |
| Return on Assets | 0.4% | N/A | 1.0%+0.3pp | 0.7%+26.1pp | -25.4% | N/A |
| Current Ratio | 0.45-8.0 | 8.47-5.5 | 13.99+0.2 | 13.83 | N/A | 0.33 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | 10.98 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$12.1M), 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.
Similar Companies
Frequently Asked Questions
Is New Providence profitable?
Yes, New Providence (NPAC) reported a net income of $7.7M in fiscal year 2025.
What is New Providence's operating cash flow?
New Providence (NPAC) generated -$740K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are New Providence's total assets?
New Providence (NPAC) had $310.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is New Providence's current ratio?
New Providence (NPAC) had a current ratio of 8.47 as of fiscal year 2025, which is generally considered healthy.
What is New Providence's return on assets (ROA)?
New Providence (NPAC) had a return on assets of 2.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is New Providence's cash runway?
Based on fiscal year 2025 data, New Providence (NPAC) had $702K in cash against an annual operating cash burn of $740K. This gives an estimated cash runway of approximately 11 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 New Providence's debt-to-equity ratio negative or not reported?
New Providence (NPAC) has negative shareholder equity of -$12.1M 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 New Providence's earnings high quality?
New Providence (NPAC) has an earnings quality ratio of -0.10x, 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.