Plum Acquisition Financials

PLMWF

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Plum Acquisition (PLMWF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 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 PLMWF FY2025 2026-04-22

Weak cash conversion and balance-sheet contraction show a business supported more by liabilities than by self-funding operations.

Reported earnings and cash generation moved in opposite directions: the company recorded about $19.5M of cumulative net income across FY2022-FY2023 while operating cash flow stayed negative in both years. That mismatch helps explain why FY2025 ended with only $579K of assets against $13.1M of liabilities despite the earlier accounting profit.

The immediate constraint is liquidity: FY2025 cash of $50K sat against $6.0M of current liabilities, so near-term obligations appear far larger than readily available funds. Read another way, the pressure point is the ability to meet bills as they come due, not just whether the latest period was profitable.

Negative equity deepened from -$5.2M in FY2024 to -$12.5M in FY2025, even as the asset base shrank sharply. When equity becomes more negative while assets are being reduced, the business is relying more heavily on creditors and accumulated obligations rather than rebuilding capital internally.

Financial Health Signals

Financial Profile 0/100

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 Plum Acquisition'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.

Liquidity

Plum Acquisition's current ratio of 0.01 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

N/A

EBITDA

N/A

Net Income

N/A

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$50K

YoY+81.9%

Plum Acquisition held $50K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

N/A

Return on Equity

N/A

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

PLMWF Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	N/A	$1.9M-82.1%	$10.7M+162.3%	$4.1M+48869.2%	$8K
Cost of Revenue	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A
Operating Income	-$2.9M+4.9%	-$3.0M-262.5%	-$834K+70.4%	-$2.8M-269.3%	-$762K
Interest Expense	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	-$2.6M-124.6%	$10.4M+15.1%	$9.1M+1777.4%	$482K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	N/A	N/A	$15K-76.9%	$66K	N/A	N/A	$283K
Cost of Revenue	N/A	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	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$238K	N/A	N/A	N/A	$533K	N/A	N/A	N/A
Operating Income	-$238K	N/A	-$521K+20.9%	-$659K-23.7%	-$533K	N/A	-$1.3M-114.3%	-$600K
Interest Expense	N/A	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	N/A
Net Income	N/A	N/A	-$276K+68.8%	-$885K-142.8%	-$365K	N/A	-$1.1M-375.2%	$407K
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

PLMWF Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$579K-97.7%	$25.7M-83.7%	$157.6M-45.2%	$287.5M+0.8%	$285.2M
Current Assets	$85K-2.9%	$87K-65.2%	$251K-72.8%	$921K-62.6%	$2.5M
Cash & Equivalents	$50K+81.9%	$27K	$0-100.0%	$727K-65.8%	$2.1M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$13.1M-57.7%	$31.0M-80.4%	$158.3M-46.9%	$298.2M-0.9%	$300.9M
Current Liabilities	$6.0M+91.2%	$3.2M+391431.9%	$805-99.9%	$1.3M+556.4%	$193K
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	-$12.5M-139.3%	-$5.2M-649.5%	-$698K+93.5%	-$10.7M+31.7%	-$15.7M
Retained Earnings	-$12.5M-139.3%	-$5.2M-648.8%	-$699K+93.5%	-$10.7M+31.7%	-$15.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$531K-8.3%	$579K-12.2%	$660K-67.4%	$2.0M+8.6%	$1.9M-92.8%	$25.7M+0.6%	$25.6M+1.4%	$25.2M
Current Assets	$34K-60.5%	$85K-49.8%	$169K-41.2%	$288K+102.4%	$142K+62.7%	$87K-53.2%	$187K+68.3%	$111K
Cash & Equivalents	$438-99.1%	$50K-53.5%	$107K-55.3%	$240K+156.8%	$93K+241.0%	$27K-76.2%	$115K+132.9%	$49K
Inventory	N/A	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	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$8.7M-33.9%	$13.1M+74.5%	$7.5M-12.6%	$8.6M+14.1%	$7.5M-75.7%	$31.0M+7.3%	$28.9M+6.2%	$27.2M
Current Liabilities	$6.2M+3.1%	$6.0M+21.8%	$4.9M+8.9%	$4.5M+21.5%	$3.7M+18.6%	$3.2M+25.6%	$2.5M+105.6%	$1.2M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$8.1M+35.1%	-$12.5M-82.9%	-$6.8M-4.3%	-$6.6M-15.9%	-$5.7M-8.2%	-$5.2M-59.3%	-$3.3M-68.3%	-$2.0M
Retained Earnings	-$8.1M+35.1%	-$12.5M-82.9%	-$6.8M-4.3%	-$6.6M-15.9%	-$5.7M-8.2%	-$5.2M-59.3%	-$3.3M-68.2%	-$2.0M

PLMWF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	-$893K+3.9%	-$929K+40.4%	-$1.6M-11.5%	-$1.4M-26.6%	-$1.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	$139.9M	$0+100.0%	-$282.5M
Financing Cash Flow	N/A	N/A	-$139.1M	$0-100.0%	$285.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$89K+41.3%	-$152K+34.5%	-$233K-4.8%	-$222K+22.3%	-$286K-105.2%	-$139K+59.7%	-$345K-50.8%	-$229K
Capital Expenditures	N/A	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	N/A
Investing Cash Flow	N/A	-$5K-100.4%	$1.3M+100294.7%	-$1K	N/A	-$23K	$0	$0
Financing Cash Flow	$40K-60.0%	$100K+108.7%	-$1.2M-411.5%	$370K	N/A	$75K-81.8%	$411K+73.1%	$238K
Dividends Paid	N/A	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	$0	$0

PLMWF Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	-158.3%-150.5pp	-7.8%+61.2pp	-69.0%+9084.1pp	-9153.1%
Net Margin	N/A	-134.1%-231.7pp	97.5%-124.7pp	222.2%-5574.6pp	5796.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	-10.0%-16.6pp	6.6%+3.5pp	3.1%+3.0pp	0.2%
Current Ratio	0.01-0.0	0.03-311.6	311.66+310.9	0.73-12.0	12.75
Debt-to-Equity	-1.05+4.9	-5.91+220.7	-226.61-198.8	-27.83-8.7	-19.17
FCF Margin	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	-4315.6%-3509.6pp	-806.0%	N/A	N/A	-211.7%
Net Margin	N/A	N/A	N/A	-5794.9%-5243.4pp	-551.5%	N/A	N/A	143.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	-41.8%+1.9pp	-43.7%-24.1pp	-19.6%	N/A	-4.4%-6.0pp	1.6%
Current Ratio	0.010.0	0.01-0.0	0.03-0.0	0.06+0.0	0.04+0.0	0.03-0.0	0.07-0.0	0.09
Debt-to-Equity	-1.07-0.0	-1.05+0.1	-1.10+0.2	-1.31+0.0	-1.33+4.6	-5.91+2.9	-8.78+5.1	-13.90
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$12.5M), 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 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

What is Plum Acquisition's operating cash flow?

Plum Acquisition (PLMWF) generated -$893K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Plum Acquisition's total assets?

Plum Acquisition (PLMWF) had $579K in total assets as of fiscal year 2025, including both current and long-term assets.

What is Plum Acquisition's current ratio?

Plum Acquisition (PLMWF) had a current ratio of 0.01 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Plum Acquisition's debt-to-equity ratio?

Plum Acquisition (PLMWF) had a debt-to-equity ratio of -1.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Plum Acquisition's cash runway?

Based on fiscal year 2025 data, Plum Acquisition (PLMWF) had $50K in cash against an annual operating cash burn of $893K. This gives an estimated cash runway of approximately 1 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 Plum Acquisition's debt-to-equity ratio negative or unusual?

Plum Acquisition (PLMWF) has negative shareholder equity of -$12.5M 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.

How financially healthy is Plum Acquisition?

Plum Acquisition (PLMWF) scores 0 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.