This page shows Southport Acquisition Corp (PORTW) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 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).
Financial Health Signals
Southport Acquisition Corp passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
For every $1 of reported earnings, Southport Acquisition Corp generates $0.49 in operating cash flow (-$83.3M OCF vs -$170.5M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Southport Acquisition Corp earns $-13.9 in operating income for every $1 of interest expense (-$164.1M vs $11.8M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Southport Acquisition Corp generated $321.6M in revenue in fiscal year 2025. This represents an increase of 233.2% from the prior year.
Southport Acquisition Corp's EBITDA was -$149.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 89.9% from the prior year.
Southport Acquisition Corp reported -$170.5M in net income in fiscal year 2025. This represents a decrease of 93.1% from the prior year.
Southport Acquisition Corp earned $-1.10 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 71.6% from the prior year.
Cash & Balance Sheet
Southport Acquisition Corp held $44.1M in cash against $45.5M in long-term debt as of fiscal year 2025.
Southport Acquisition Corp had 169M shares outstanding in fiscal year 2025. This represents an increase of 17.1% from the prior year.
Margins & Returns
Southport Acquisition Corp's gross margin was 61.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 7.1 percentage points from the prior year.
Southport Acquisition Corp's operating margin was -51.0% in fiscal year 2025, reflecting core business profitability. This is up 38.8 percentage points from the prior year.
Southport Acquisition Corp's net profit margin was -53.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 38.4 percentage points from the prior year.
Capital Allocation
Southport Acquisition Corp invested $15.5M in research and development in fiscal year 2025. This represents an increase of 20.9% from the prior year.
Southport Acquisition Corp spent $438K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 38.0% from the prior year.
PORTW Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $76.5M | N/A | N/A | N/A | $20.1M | N/A | N/A |
| Cost of Revenue | N/A | $34.3M | N/A | N/A | N/A | $8.1M | N/A | N/A |
| Gross Profit | N/A | $42.2M | N/A | N/A | N/A | $12.0M | N/A | N/A |
| R&D Expenses | N/A | $4.2M | N/A | N/A | N/A | $3.2M | N/A | N/A |
| SG&A Expenses | N/A | $10.1M | N/A | N/A | N/A | $6.1M | N/A | N/A |
| Operating Income | N/A | -$38.1M-11029.9% | -$342K-345.9% | -$77K | N/A | -$15.1M-5163.4% | -$288K+29.2% | -$407K |
| Interest Expense | N/A | $4.0M | N/A | N/A | N/A | $452K | N/A | N/A |
| Income Tax | N/A | N/A | $277-99.7% | $88K | N/A | -$80K-262.1% | $49K-23.6% | $65K |
| Net Income | N/A | -$38.6M-2378.2% | -$1.6M-1430.0% | -$102K | N/A | -$13.9M-2643.7% | -$505K-293.0% | $262K |
| EPS (Diluted) | N/A | $-0.25 | N/A | N/A | N/A | $-0.10 | N/A | N/A |
PORTW Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $241.4M+22.5% | $197.0M+23068.0% | $850K-17.3% | $1.0M-99.1% | $111.4M+722.4% | $13.5M+1.4% | $13.4M+1.0% | $13.2M |
| Current Assets | $134.9M+9.6% | $123.1M+29763.3% | $412K-30.6% | $594K-98.9% | $52.9M+8058.8% | $649K+4.4% | $621K-5.0% | $654K |
| Cash & Equivalents | $44.1M-30.4% | $63.3M+19171.3% | $329K-7.3% | $354K-95.1% | $7.2M-36.4% | $11.3M+2211.8% | $491K-6.2% | $523K |
| Inventory | $1.3M-18.0% | $1.5M | N/A | N/A | $1.7M | N/A | N/A | N/A |
| Accounts Receivable | $51.1M+107.2% | $24.7M | N/A | N/A | $16.2M | 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 | $267.2M+67.2% | $159.8M+1350.6% | $11.0M+14.4% | $9.6M-92.0% | $119.9M+545.7% | $18.6M+9.7% | $16.9M+4.3% | $16.2M |
| Current Liabilities | $219.0M+93.6% | $113.1M+2266.0% | $4.8M+3.5% | $4.6M-94.2% | $80.1M+1998.5% | $3.8M+2.1% | $3.7M+5.9% | $3.5M |
| Long-Term Debt | $45.5M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | -$25.8M-169.4% | $37.2M+465.5% | -$10.2M-18.1% | -$8.6M-1.2% | -$8.5M-69.3% | -$5.0M-40.3% | -$3.6M-19.0% | -$3.0M |
| Retained Earnings | -$241.5M-37.4% | -$175.8M-1516.4% | -$10.9M-16.7% | -$9.3M+89.3% | -$87.0M-1420.5% | -$5.7M-35.4% | -$4.2M-13.6% | -$3.7M |
PORTW Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$24.7M+57.5% | -$58.1M-30142.6% | -$192K+43.8% | -$342K+97.1% | -$11.7M+69.0% | -$37.7M-24407.3% | $155K+107.8% | -$2.0M |
| 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 | -$40.0M-156.9% | -$15.6M-340744.9% | -$5K-54.7% | -$3K+100.0% | -$13.5M+56.8% | -$31.3M-10884.9% | -$285K-100.9% | $32.3M |
| Financing Cash Flow | $45.4M-65.0% | $130.0M+75902.9% | $171K-16.2% | $204K-99.0% | $21.1M-62.9% | $56.9M+58225.1% | $98K+100.3% | -$32.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $305K | N/A | N/A | N/A | $107K | N/A | N/A | N/A |
PORTW Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | 55.1% | N/A | N/A | N/A | 59.7% | N/A | N/A |
| Operating Margin | N/A | -49.8% | N/A | N/A | N/A | -75.3% | N/A | N/A |
| Net Margin | N/A | -50.4% | N/A | N/A | N/A | -68.9% | N/A | N/A |
| Return on Equity | N/A | -103.7% | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | -19.6%+163.4pp | -183.0%-173.1pp | -9.9% | N/A | -102.3%-98.5pp | -3.8%-5.8pp | 2.0% |
| Current Ratio | 0.62-0.5 | 1.09+1.0 | 0.09-0.0 | 0.13-0.5 | 0.66+0.5 | 0.170.0 | 0.17-0.0 | 0.19 |
| Debt-to-Equity | -1.76-6.1 | 4.30+5.4 | -1.08+0.0 | -1.12+13.0 | -14.10-10.4 | -3.70+1.0 | -4.73+0.7 | -5.39 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$25.8M), 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 (0.62), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Frequently Asked Questions
What is Southport Acquisition Corp's annual revenue?
Southport Acquisition Corp (PORTW) reported $321.6M in total revenue for fiscal year 2025. This represents a 233.2% 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.
How fast is Southport Acquisition Corp's revenue growing?
Southport Acquisition Corp (PORTW) revenue grew by 233.2% year-over-year, from $96.5M to $321.6M in fiscal year 2025.
Is Southport Acquisition Corp profitable?
No, Southport Acquisition Corp (PORTW) reported a net income of -$170.5M in fiscal year 2025, with a net profit margin of -53.0%.
What is Southport Acquisition Corp's EBITDA?
Southport Acquisition Corp (PORTW) had EBITDA of -$149.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Southport Acquisition Corp have?
As of fiscal year 2025, Southport Acquisition Corp (PORTW) had $44.1M in cash and equivalents against $45.5M in long-term debt.
What is Southport Acquisition Corp's gross margin?
Southport Acquisition Corp (PORTW) had a gross margin of 61.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Southport Acquisition Corp's operating margin?
Southport Acquisition Corp (PORTW) had an operating margin of -51.0% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Southport Acquisition Corp's net profit margin?
Southport Acquisition Corp (PORTW) had a net profit margin of -53.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Southport Acquisition Corp's operating cash flow?
Southport Acquisition Corp (PORTW) generated -$83.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Southport Acquisition Corp's total assets?
Southport Acquisition Corp (PORTW) had $241.4M in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Southport Acquisition Corp spend on research and development?
Southport Acquisition Corp (PORTW) invested $15.5M in research and development during fiscal year 2025.
What is Southport Acquisition Corp's current ratio?
Southport Acquisition Corp (PORTW) had a current ratio of 0.62 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Southport Acquisition Corp's debt-to-equity ratio?
Southport Acquisition Corp (PORTW) had a debt-to-equity ratio of -1.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Southport Acquisition Corp's return on assets (ROA)?
Southport Acquisition Corp (PORTW) had a return on assets of -70.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Southport Acquisition Corp's cash runway?
Based on fiscal year 2025 data, Southport Acquisition Corp (PORTW) had $44.1M in cash against an annual operating cash burn of $83.3M. This gives an estimated cash runway of approximately 6 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 Southport Acquisition Corp's debt-to-equity ratio negative or unusual?
Southport Acquisition Corp (PORTW) has negative shareholder equity of -$25.8M 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.
What is Southport Acquisition Corp's Piotroski F-Score?
Southport Acquisition Corp (PORTW) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Southport Acquisition Corp's earnings high quality?
Southport Acquisition Corp (PORTW) has an earnings quality ratio of 0.49x, 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 Southport Acquisition Corp cover its interest payments?
Southport Acquisition Corp (PORTW) has an interest coverage ratio of -13.9x, 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.