Andretti Acquisition Corp II Financials

POLE

FY2025 annual

Revenue Not reported for FY2025

Net Income $8.4M YoY not available

EPS (Diluted) Not reported for FY2025

Free Cash Flow Not reported for FY2025

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

This page shows Andretti Acquisition Corp II (POLE) 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 POLE FY2025 2026-05-07

Reported profit is being driven by non-operating items while a liability-heavy balance sheet overwhelms day-to-day operating activity.

The key mismatch is $8.4M of net income alongside an operating loss of -$1.4M, showing the bottom line was not created by core operations. With operating cash flow still negative at -$1.2M, the positive return on assets of 3.4% reflects non-operating gains more than cash-generating business activity.

The balance sheet carries $244.4M of assets and $254.7M of liabilities, leaving it in a negative-equity position. Equity at -$10.3M means outside claims already exceed the recorded asset base, so this reads more like a liability-financed pool of assets than a self-funded operating company.

Liquidity is narrow: cash was only $48K and the current ratio was 0.8x, so near-term obligations are not covered by a large corporate cash buffer. Because current assets were just $162K against total assets of $244.4M, most of the balance sheet is tied up outside day-to-day operating uses.

Financial Health Signals

Financial health score not available

Andretti Acquisition Corp II does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Earnings Quality No Cash Backing

$0.14used

For every $1 of reported earnings, Andretti Acquisition Corp II used $0.14 of operating cash (-$1.2M OCF vs $8.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

Earnings & Revenue

Net Income

$8.4M

Andretti Acquisition Corp II reported $8.4M in net income in fiscal year 2025.

Revenue

Not reported for fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

EPS (Diluted)

Not reported for fiscal year 2025.

Cash & Balance Sheet

Cash & Debt

$48K

Andretti Acquisition Corp II held $48K in cash as of fiscal year 2025; long-term debt is not reported for that period.

Free Cash Flow

Not reported for fiscal year 2025.

Dividends Per Share

Not reported for fiscal year 2025.

Shares Outstanding

Not reported for fiscal year 2025.

Margins & Returns

None of these metrics is reported for fiscal year 2025.

Capital Allocation

None of these metrics is reported for fiscal year 2025.

POLE Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

POLE annual income statement

Metric	TTM	FY25
Cost of Revenue	N/A	$180K
SG&A Expenses	N/A	$1.4M
Operating Income	N/A	-$1.4M
Income Tax	N/A	$0
Net Income	N/A	$8.4M

Not reported in any period shown, so not listed: Revenue, Gross Profit, R&D Expenses, Interest Expense, EPS (Diluted).

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

POLE Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

POLE annual balance sheet

Metric	FY25
Total Assets	$244.4M
Current Assets	$162K
Cash & Equivalents	$48K
Total Liabilities	$254.7M
Current Liabilities	$191K
Total Equity	-$10.3M
Retained Earnings	-$10.3M

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

POLE Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

POLE annual cash flow statement

Metric	TTM	FY25
Operating Cash Flow	-$1.5M	-$1.2M
Financing Cash Flow	N/A	$450K

Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

POLE Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

POLE annual financial ratios

Metric	FY25
Return on Assets	3.4%
Current Ratio	0.85

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

Note: Shareholder equity is negative (-$10.3M), 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 (0.85), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Where Andretti Acquisition Corp II Ranks

Frequently Asked Questions

Is Andretti Acquisition Corp II profitable?

Yes, Andretti Acquisition Corp II (POLE) reported a net income of $8.4M in fiscal year 2025.

What is Andretti Acquisition Corp II's operating cash flow?

Andretti Acquisition Corp II (POLE) recorded an outflow of $1.2M in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Andretti Acquisition Corp II's total assets?

Andretti Acquisition Corp II (POLE) had $244.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What is Andretti Acquisition Corp II's current ratio?

Andretti Acquisition Corp II (POLE) had a current ratio of 0.85 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Andretti Acquisition Corp II's return on assets (ROA)?

Andretti Acquisition Corp II (POLE) had a return on assets of 3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Andretti Acquisition Corp II's debt-to-equity ratio negative or not reported?

Andretti Acquisition Corp II (POLE) has negative shareholder equity of -$10.3M 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 Andretti Acquisition Corp II's earnings high quality?

For every $1 of reported earnings, Andretti Acquisition Corp II (POLE) used $0.14 of operating cash (-$1.2M OCF vs $8.4M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.