Pelican Acquisition Corp. Financials
This page shows Pelican Acquisition Corp. (PELIU) 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).
Financial Health Signals
We are recalculating Pelican Acquisition Corp.'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, Pelican Acquisition Corp. generates $-0.73 in operating cash flow (-$912K OCF vs $1.2M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Pelican Acquisition Corp. earns $-0.5 in operating income for every $1 of interest expense (-$1.1M vs $2.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Pelican Acquisition Corp. reported $1.2M in net income in fiscal year 2026.
Cash & Balance Sheet
Pelican Acquisition Corp. held $77 in cash against $0 in long-term debt as of fiscal year 2026.
Pelican Acquisition Corp. had 12M shares outstanding in fiscal year 2026.
Margins & Returns
Capital Allocation
PELIU Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 |
|---|---|---|---|---|---|---|
| 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 | N/A | $375K+13.3% | $331K | N/A | N/A | $43K |
| Operating Income | N/A | -$375K-13.3% | -$331K-1561.5% | -$20K | N/A | -$43K |
| Interest Expense | N/A | $889K+39.8% | $636K | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | $515K+67.4% | $307K+1672.2% | -$20K | N/A | -$43K |
| EPS (Diluted) | N/A | N/A | N/A | $-0.01 | N/A | N/A |
PELIU Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 |
|---|---|---|---|---|---|---|
| Total Assets | $88.8M+0.8% | $88.1M+0.8% | $87.3M+12920.6% | $671K+221.8% | $208K | N/A |
| Current Assets | $165K-0.1% | $165K-55.2% | $369K-26.5% | $501K+748.9% | $59K | N/A |
| Cash & Equivalents | $77-65.0% | $220-99.9% | $252K-49.5% | $500K+745.7% | $59K-38.7% | $96K |
| 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 | $89.2M+1.2% | $88.1M+1.3% | $87.0M+12265.2% | $703K+217.4% | $222K | N/A |
| Current Liabilities | $583K+87.4% | $311K+270.6% | $84K-88.1% | $703K+217.4% | $222K | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$405K-1196.2% | -$31K-109.1% | $343K+1146.5% | -$33K-147.9% | -$13K0.0% | -$13K |
| Retained Earnings | -$405K-1183.4% | -$32K-112.9% | $245K+494.9% | -$62K-45.9% | -$43K | N/A |
PELIU Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | -$84K+77.1% | -$368K+12.5% | -$420K-960.0% | -$40K-8032.8% | $500+102.0% | -$25K |
| 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 | $0 | $0 | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $84K-27.3% | $116K-99.9% | $86.4M+17897.4% | $480K+1372.0% | -$38K-131.2% | $121K |
| 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 |
PELIU Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 |
|---|---|---|---|---|---|---|
| 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 | 89.6% | N/A | N/A | N/A |
| Return on Assets | N/A | 0.6%+0.2pp | 0.4%+3.3pp | -2.9% | N/A | N/A |
| Current Ratio | 0.28-0.2 | 0.53-3.9 | 4.39+3.7 | 0.71+0.4 | 0.27 | N/A |
| Debt-to-Equity | N/A | N/A | 253.62 | N/A | N/A | N/A |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$405K), 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 (0.28), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
Is Pelican Acquisition Corp. profitable?
Yes, Pelican Acquisition Corp. (PELIU) reported a net income of $1.2M in fiscal year 2026.
What is Pelican Acquisition Corp.'s operating cash flow?
Pelican Acquisition Corp. (PELIU) generated -$912K in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Pelican Acquisition Corp.'s total assets?
Pelican Acquisition Corp. (PELIU) had $88.8M in total assets as of fiscal year 2026, including both current and long-term assets.
What is Pelican Acquisition Corp.'s current ratio?
Pelican Acquisition Corp. (PELIU) had a current ratio of 0.28 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.
What is Pelican Acquisition Corp.'s return on assets (ROA)?
Pelican Acquisition Corp. (PELIU) had a return on assets of 1.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Pelican Acquisition Corp.'s cash runway?
Based on fiscal year 2026 data, Pelican Acquisition Corp. (PELIU) had $77 in cash against an annual operating cash burn of $912K. This gives an estimated cash runway of approximately 0 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 Pelican Acquisition Corp.'s debt-to-equity ratio negative or not reported?
Pelican Acquisition Corp. (PELIU) has negative shareholder equity of -$405K as of fiscal year 2026, 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 Pelican Acquisition Corp.'s earnings high quality?
Pelican Acquisition Corp. (PELIU) has an earnings quality ratio of -0.73x, 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.
Can Pelican Acquisition Corp. cover its interest payments?
Pelican Acquisition Corp. (PELIU) has an interest coverage ratio of -0.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.