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Perceptive Capital Solutions (PCSC) Financials

PCSC NASDAQ
FY2025 annual
Revenue Not reported for FY2025
Net Income $837K YoY not available
EPS (Diluted) Not reported for FY2025
Operating Cash Flow -$865K YoY not available
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 15, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PCSC SEC filings page.

This page shows Perceptive Capital Solutions Corp (PCSC) 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 PCSC FY2025

The reported business is balance-sheet-led, with no operating revenue, negative equity, and positive net income that does not translate into operating cash.

Earnings quality is uneven: operating income was a loss of $2.98M, yet net income was $837K while operating cash flow was -$865K. That combination indicates reported profitability came from items outside operating performance and did not represent cash generated by the business.

Liabilities exceed assets at 105.2%, leaving equity at -$4.80M; the company therefore has no accounting equity cushion against its obligations. A 0.4x current ratio adds a separate short-term constraint because current assets are smaller than current liabilities.

Operating activity used -$865K, while investing cash flow provided $600K, so reported cash movement was partly supported by investing activity rather than operations. With no revenue or gross-profit measures reported, the available figures describe a capital-structure and cash-flow situation—not a conventional operating margin profile.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Perceptive Capital Solutions 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
-$115K
YoY-115.2%
QoQn/m

Perceptive Capital Solutions Corp reported a net loss of $115K in Q2 2026. This represents a decrease of 115.2% from the same quarter a year earlier. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$437K
YoY-67.5%
QoQ-22.9%

Perceptive Capital Solutions Corp held $437K in cash as of Q2 2026; no long-term debt figure is on record for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

None of these metrics is reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

PCSC 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.

PCSC quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'24S-4/AQ3'2410-Q
SG&A Expenses$941K+387.2%$859K+235.5%N/AN/A$193K$256KN/AN/A
Operating Income-$941Kn/m-$859Kn/mN/A-$856Kn/m-$193Kn/m-$256KN/A-$196K
Net Income-$115K-115.2%-$52K-107.6%N/A$145K-85.3%$755K+633.8%$679KN/A$981K
EPS (Basic)N/A$0.00N/AN/AN/AN/AN/AN/A
EPS (Diluted)N/A$0.00N/AN/AN/AN/AN/AN/A
Diluted Shares (Avg)N/A9MN/AN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense, Income Tax.

PCSC 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.

PCSC quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'24S-4/AQ3'2410-Q
Total Assets$85.8M-6.1%$93.3M+3.0%$92.8M+3.2%$92.2M+3.6%$91.4M+4.0%$90.6M$89.9M$89.0M
Current Assets$742K-49.4%$650K-51.6%$908K-27.1%$1.3M-7.8%$1.5M+2.2%$1.3M$1.2M$1.4M
Cash & Equivalents$437K-67.5%$567K-52.4%$865K-23.4%$1.2M-2.6%$1.3M+4.5%$1.2M$1.1M$1.2M
Total Liabilities$92.1M-1.6%$99.0M+6.4%$97.6M+6.0%$95.3M+4.8%$93.7M+4.5%$93.0M$92.0M$90.9M
Current Liabilities$3.6M+1190.4%$2.9M+975.1%$2.3M+969.3%$935K+484.2%$281K+891.2%$266K$211K$160K
Non-Current Liabilities$88.5M-5.2%$96.1M+3.7%$95.3M+3.8%$94.4M+4.0%$93.4M+4.2%$92.7M$91.8M$90.8M
Total Equity-$6.3Mn/m-$5.7Mn/m-$4.8Mn/m-$3.1Mn/m-$2.3Mn/m-$2.4M-$2.1M-$1.9M
Retained Earnings-$6.3Mn/m-$5.7Mn/m-$4.8Mn/m-$3.1Mn/m-$2.3Mn/m-$2.4M-$2.1M-$1.9M

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

PCSC 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.

PCSC quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'24S-4/AQ3'2410-Q
Operating Cash Flow-$130Kn/m-$298Kn/m-$313Kn/m-$167Kn/m-$148Kn/m-$238K-$80K-$78K
Investing Cash Flow$8.2M+2619.6%$0-100.0%$0n/m$0n/m$300Kn/m$300K$0$0
Financing Cash FlowN/AN/A$0n/m$0n/mN/AN/A$0$0

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

PCSC 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.

PCSC quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'24S-4/AQ3'2410-Q
Return on Assets-0.1%-1.0pp-0.1%-0.8ppN/A0.2%-0.9pp0.8%+0.7pp0.8%N/A1.1%
Current Ratio0.20-5.0x0.23-4.8x0.40-5.5x1.35-7.2x5.21-45.4x5.065.908.56

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, Liabilities-to-Equity, Asset Turnover, FCF Margin.

Note: Shareholder equity is negative (-$4.8M), which causes the debt-to-equity, liabilities-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 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Perceptive Capital Solutions Corp PCSC FY2025 N/A $837K N/A N/A —
RF Acquisition Corp II Unit RFAIU FY2025 N/A $3.4M N/A N/A —
Tavia Acquisition Corp. Unit TAVIU FY2025 N/A $3.6M N/A N/A —

Frequently Asked Questions

Is Perceptive Capital Solutions Corp profitable?

Yes, Perceptive Capital Solutions Corp (PCSC) reported a net income of $837K in fiscal year 2025.

What is Perceptive Capital Solutions Corp's operating cash flow?

Perceptive Capital Solutions Corp (PCSC) recorded an outflow of $865K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Perceptive Capital Solutions Corp's total assets?

Perceptive Capital Solutions Corp (PCSC) had $92.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Perceptive Capital Solutions Corp (PCSC) had a current ratio of 0.40 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Perceptive Capital Solutions Corp (PCSC) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Perceptive Capital Solutions Corp (PCSC) has negative shareholder equity of -$4.8M as of fiscal year 2025, so no debt-to-equity or liabilities-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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