Andretti Acquisition Corp II-A Financials
This page shows Andretti Acquisition Corp II-A (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).
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 of3.4% reflects non-operating gains more than cash-generating business activity.
The balance sheet carries
Liquidity is narrow: cash was only
Financial Health Signals
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 Andretti Acquisition Corp II-A'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.
Andretti Acquisition Corp II-A's current ratio of 0.85 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.
For every $1 of reported earnings, Andretti Acquisition Corp II-A generates $-0.14 in operating cash flow (-$1.2M OCF vs $8.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Earnings & Revenue
Andretti Acquisition Corp II-A reported $8.4M in net income in fiscal year 2025.
Cash & Balance Sheet
Andretti Acquisition Corp II-A held $48K in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Capital Allocation
POLE Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | $45K | N/A | $45K0.0% | $45K0.0% | $45K | N/A | $10K | 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 | $307K | N/A | $271K+50.0% | $181K-6.0% | $192K | N/A | $83K | N/A |
| Operating Income | -$307K | N/A | -$271K-50.0% | -$181K+6.0% | -$192K | N/A | -$83K | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax | $0 | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Net Income | $1.8M | N/A | $2.2M-2.6% | $2.3M+1.2% | $2.3M | N/A | $581K | N/A |
| EPS (Diluted) | $0.06 | N/A | $0.08 | N/A | N/A | N/A | $0.05 | N/A |
POLE Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $246.7M+0.9% | $244.4M+0.9% | $242.3M+0.9% | $240.1M+1.0% | $237.8M+1.0% | $235.5M+1.1% | $233.0M+99598.3% | $234K |
| Current Assets | $283K+74.9% | $162K-57.6% | $382K-38.4% | $620K-22.6% | $802K-13.9% | $931K-14.1% | $1.1M+77161.4% | $1K |
| Cash & Equivalents | $151K+210.5% | $48K-76.6% | $207K-54.8% | $459K-25.0% | $613K-23.3% | $798K-8.9% | $876K | N/A |
| 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 | $257.3M+1.0% | $254.7M+1.1% | $251.8M+1.0% | $249.3M+1.0% | $246.8M+1.0% | $244.4M+1.1% | $241.7M+95648.5% | $252K |
| Current Liabilities | $9K-95.3% | $191K+103.0% | $94K+15.3% | $82K-26.3% | $111K+46.6% | $76K-5.7% | $80K-68.3% | $252K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$10.6M-3.0% | -$10.3M-8.1% | -$9.5M-2.9% | -$9.2M-2.0% | -$9.0M-2.2% | -$8.8M-2.0% | -$8.7M-46264.0% | -$19K |
| Retained Earnings | -$10.6M-3.0% | -$10.3M-8.1% | -$9.5M-2.9% | -$9.2M-2.0% | -$9.0M-2.2% | -$8.8M-2.0% | -$8.7M-19736.6% | -$44K |
POLE Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$508K+16.6% | -$609K-141.7% | -$252K-64.4% | -$153K+17.5% | -$186K-145.3% | -$76K+76.0% | -$316K | N/A |
| 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 | N/A | N/A | N/A | N/A | $0+100.0% | -$231.2M | N/A |
| Financing Cash Flow | $610K | N/A | N/A | N/A | N/A | -$2K-100.0% | $232.3M | N/A |
| 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 | N/A | N/A |
POLE Financial Ratios
| 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 | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 0.8% | N/A | 0.9%-0.0pp | 0.9%0.0pp | 0.9% | N/A | 0.3% | N/A |
| Current Ratio | 31.35+30.5 | 0.85-3.2 | 4.06-3.5 | 7.60+0.4 | 7.24-5.1 | 12.32-1.2 | 13.53+13.5 | 0.01 |
| Debt-to-Equity | -24.36+0.5 | -24.84+1.7 | -26.54+0.5 | -27.05+0.3 | -27.32+0.3 | -27.63+0.3 | -27.89-14.4 | -13.50 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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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Frequently Asked Questions
Is Andretti Acquisition Corp II-A profitable?
Yes, Andretti Acquisition Corp II-A (POLE) reported a net income of $8.4M in fiscal year 2025.
What is Andretti Acquisition Corp II-A's operating cash flow?
Andretti Acquisition Corp II-A (POLE) generated -$1.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Andretti Acquisition Corp II-A's total assets?
Andretti Acquisition Corp II-A (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-A's current ratio?
Andretti Acquisition Corp II-A (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-A's debt-to-equity ratio?
Andretti Acquisition Corp II-A (POLE) had a debt-to-equity ratio of -24.84 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Andretti Acquisition Corp II-A's return on assets (ROA)?
Andretti Acquisition Corp II-A (POLE) had a return on assets of 3.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Andretti Acquisition Corp II-A's cash runway?
Based on fiscal year 2025 data, Andretti Acquisition Corp II-A (POLE) had $48K in cash against an annual operating cash burn of $1.2M. 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 Andretti Acquisition Corp II-A's debt-to-equity ratio negative or unusual?
Andretti Acquisition Corp II-A (POLE) has negative shareholder equity of -$10.3M 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.
Are Andretti Acquisition Corp II-A's earnings high quality?
Andretti Acquisition Corp II-A (POLE) has an earnings quality ratio of -0.14x, 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.
How financially healthy is Andretti Acquisition Corp II-A?
Andretti Acquisition Corp II-A (POLE) scores 2 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.