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Southport Acquisition Corp Financials

PORTW
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

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

Piotroski F-Score Neutral
4/9

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.

Earnings Quality Low Quality
0.49x

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.

Interest Coverage At Risk
-13.9x

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

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Earnings & Revenue

Revenue
$321.6M
YoY+233.2%

Southport Acquisition Corp generated $321.6M in revenue in fiscal year 2025. This represents an increase of 233.2% from the prior year.

EBITDA
-$149.7M
YoY-89.9%

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.

Net Income
-$170.5M
YoY-93.1%

Southport Acquisition Corp reported -$170.5M in net income in fiscal year 2025. This represents a decrease of 93.1% from the prior year.

EPS (Diluted)
$-1.10
YoY-71.6%

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

Free Cash Flow
N/A
Cash & Debt
$44.1M
YoY+511.3%

Southport Acquisition Corp held $44.1M in cash against $45.5M in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
169M
YoY+17.1%

Southport Acquisition Corp had 169M shares outstanding in fiscal year 2025. This represents an increase of 17.1% from the prior year.

Margins & Returns

Gross Margin
61.2%
YoY+7.1pp

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.

Operating Margin
-51.0%
YoY+38.8pp

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.

Net Margin
-53.0%
YoY+38.4pp

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.

Return on Equity
N/A

Capital Allocation

R&D Spending
$15.5M
YoY+20.9%

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.

Share Buybacks
$438K
YoY-38.0%

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.

Capital Expenditures
N/A

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

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.

Southport Acquisition Corp (PORTW) revenue grew by 233.2% year-over-year, from $96.5M to $321.6M in fiscal year 2025.

No, Southport Acquisition Corp (PORTW) reported a net income of -$170.5M in fiscal year 2025, with a net profit margin of -53.0%.

Southport Acquisition Corp (PORTW) reported diluted earnings per share of $-1.10 for fiscal year 2025. This represents a -71.6% change compared to the previous fiscal year. 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.

Southport Acquisition Corp (PORTW) had EBITDA of -$149.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Southport Acquisition Corp (PORTW) had $44.1M in cash and equivalents against $45.5M in long-term debt.

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.

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.

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.

Southport Acquisition Corp (PORTW) generated -$83.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Southport Acquisition Corp (PORTW) had $241.4M in total assets as of fiscal year 2025, including both current and long-term assets.

Southport Acquisition Corp (PORTW) invested $15.5M in research and development during fiscal year 2025.

Yes, Southport Acquisition Corp (PORTW) spent $438K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Southport Acquisition Corp (PORTW) had 169M shares outstanding as of fiscal year 2025.

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.

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.

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.

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.

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.

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.

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.

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.

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