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Princeton Capital (PIAC) Financials

PIAC OTC
Trailing 12 months to June 30, 2026
Revenue $476K -43.9% YoY
Net Income -$4.9M n/m YoY
EPS (Diluted) -$0.01 n/m YoY
Operating Cash Flow -$280K n/m YoY
Market Cap $2.6M as of Nov 5, 2026
Price / Sales 5.5x on $476K revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book 0.2x on $13.6M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Nov 5, 2026; every other figure is from the SEC filings on this page. Not financial advice.

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 Aug 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PIAC SEC filings page.

Princeton Capital Corp (PIAC) reported $476K in revenue over the twelve months to Jun 30, 2026, down 43.9% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PIAC FY2025

Asset contraction is shrinking owners’ capital while liabilities occupy a larger position, revealing an investment vehicle under balance-sheet pressure.

From FY2023 to FY2025, total assets fell 54.3% while total equity fell 55.3%. Liabilities nevertheless rose 21.0%, so the contraction was borne mainly by equity while obligations became more prominent relative to the remaining asset base.

The reported net loss narrowed from $10.9M in FY2024 to $6.8M in FY2025. Yet total assets fell from $21.2M to $14.8M, so improved earnings did not translate into a stabilized balance sheet.

Cash generation remained negative: operating cash flow was -$1.05M in FY2025 after -$684K in FY2024. Combined with the annual losses, that indicates the reported improvement in net income was not matched by cash generation.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

We do not publish a peer-relative financial health score for Princeton Capital Corp, because the score only covers companies whose filings and listing give us what it needs to compare them with their peers. The signals and metrics below are current.

Piotroski F-Score Partial
3/6

Princeton Capital Corp passes 3 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) does not pass.

Key Financial Metrics

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Earnings & Revenue

Revenue
$346K
YoY+1160.8%
QoQ+370.9%

Princeton Capital Corp generated $346K in revenue in Q2 2026. This represents an increase of 1160.8% from the same quarter a year earlier. Against the prior quarter it is up 370.9%.

Net Income
-$64K
YoYn/m
QoQn/m

Princeton Capital Corp reported a net loss of $64K in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EPS (Diluted)
$0.00
YoYn/m
QoQn/m

Princeton Capital Corp earned $0.00 per diluted share (EPS) in Q2 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$431K
YoY-39.4%
QoQ+102.9%

Princeton Capital Corp held $431K in cash as of Q2 2026; no long-term debt figure is on record for that period.

Shares Outstanding
120M
YoY0.0%
QoQ0.0%

Princeton Capital Corp had 120M shares outstanding in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Net Margin
-18.5%

Princeton Capital Corp's net profit margin was -18.5% in Q2 2026, showing the share of revenue converted to profit. No change is given against Q2 2025: its reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.

Return on Equity
-0.5%
YoY+2.3pp
QoQ+4.2pp

Princeton Capital Corp's quarterly ROE was -0.5% in Q2 2026: one quarter's net income over shareholder equity, not annualized. This is up 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.2 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

PIAC 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.

PIAC quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$346K+1160.8%$73K+1.9%$31K-92.7%$26K-92.1%$27K-91.4%$72K-77.3%$421K-18.9%$327K-36.4%
Interest Expense$0n/m$0n/mN/AN/A$0$0N/AN/A
Income Tax$114-80.0%$1140.0%$114n/m$9K+563.5%$570+3.3%$114-91.9%-$5K-108.8%$1K+705.7%
Net Income-$64Kn/m-$632Kn/m-$3.2Mn/m-$1.0Mn/m-$515Kn/m-$2.1Mn/m-$2.1Mn/m-$1.0Mn/m
EPS (Basic)$0.00n/m$0.00-$0.01-800.0%$0.00n/m$0.00$0.00$0.000.0%$0.00-100.0%
EPS (Diluted)$0.00n/m$0.00-$0.01-800.0%$0.00n/m$0.00$0.00$0.000.0%$0.00-100.0%
Diluted Shares (Avg)120M0.0%120MN/A120M0.0%120M120MN/A120M0.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA.

PIAC 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.

PIAC quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$14.4M-23.3%$14.4M-25.7%$14.8M-30.4%$17.9M-23.5%$18.8M-24.0%$19.4M-24.9%$21.2M-34.4%$23.4M-28.6%
Cash & Equivalents$431K-39.4%$213K-82.1%$242K-81.3%$535K-62.8%$711K-63.6%$1.2M-38.7%$1.3M-33.4%$1.4M-21.3%
Short-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0-100.0%
Long-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0n/m$0
Total Liabilities$856K+154.0%$759K+99.5%$496K+201.1%$431K+61.4%$337K-46.4%$381K-29.5%$165K-59.8%$267Kn/m
Total Equity$13.6M-26.6%$13.6M-28.2%$14.3M-32.2%$17.5M-24.5%$18.5M-23.4%$19.0M-24.8%$21.0M-34.0%$23.1M-29.4%
Retained Earnings-$51.4Mn/m-$51.4Mn/m-$50.7Mn/m-$47.5Mn/m-$46.5Mn/m-$46.0Mn/m-$43.9Mn/m-$41.9Mn/m

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Goodwill, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

PIAC 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.

PIAC quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$219Kn/m-$29Kn/m-$294Kn/m-$176Kn/m-$479K-2581.9%-$101K-2155.9%-$176K-261.8%-$532Kn/m

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

PIAC 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.

PIAC quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Margin-18.5%-861.6%-10423.3%-3935.0%-1876.9%-2845.0%-494.7%-310.1%
Return on Equity-0.5%+2.3pp-4.6%+6.2pp-22.5%-12.6pp-5.8%-1.4pp-2.8%+1.9pp-10.8%+15.5pp-9.9%-7.2pp-4.4%-2.0pp
Return on Assets-0.4%+2.3pp-4.4%+6.2pp-21.7%-11.9pp-5.7%-1.3pp-2.7%+1.8pp-10.6%+15.1pp-9.8%-7.2pp-4.3%-1.9pp
Liabilities-to-Equity0.060.0x0.060.0x0.030.0x0.020.0x0.020.0x0.020.0x0.010.0x0.010.0x
Asset Turnover0.020.0x0.010.0x0.000.0x0.000.0x0.000.0x0.000.0x0.020.0x0.010.0x

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio, Debt-to-Equity, FCF Margin.

Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin.

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. Market cap is stated at each company's latest close.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Princeton Capital Corp PIAC FY2025 $156K -$6.8M N/A $2.6M —
Bimini Capital Mgmt Inc A BMNM FY2025 $16.9M $5.8M 34.4% $30.7M —
Firsthand TEC VAL Fund SVVC FY2025 N/A -$1.3M N/A $49K —

Frequently Asked Questions

Princeton Capital Corp (PIAC) reported $156K in total revenue for fiscal year 2025. This represents a -88.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Princeton Capital Corp (PIAC) revenue declined by 88.7% year-over-year, from $1.4M to $156K in fiscal year 2025.

No, Princeton Capital Corp (PIAC) reported a net loss of $4.9M over the trailing 12 months to June 30, 2026. In fiscal year 2025 it reported a net loss of $6.8M.

Princeton Capital Corp (PIAC) reported diluted earnings per share of -$0.02 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Princeton Capital Corp (PIAC) has a return on equity of -47.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Princeton Capital Corp (PIAC) recorded an outflow of $1.0M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Princeton Capital Corp (PIAC) had $14.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Princeton Capital Corp (PIAC) had 120M shares outstanding as of fiscal year 2025.

Princeton Capital Corp (PIAC) had a liabilities-to-equity ratio of 0.03 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity. No debt-to-equity ratio is shown for fiscal year 2025, because the filing data we hold for that year carries no long-term debt figure.

Princeton Capital Corp (PIAC) had a return on assets of -45.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Princeton Capital Corp (PIAC) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $2.6M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Princeton Capital Corp (PIAC) trades at 5.5x sales, its market capitalization divided by $476K revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.6M as of Nov 5, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Princeton Capital Corp (PIAC) has a Piotroski F-Score of 3 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

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