Quartzsea Acquisition Corp (QSEA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Aug 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Jul 14, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the QSEA SEC filings page.
This page shows Quartzsea Acquisition Corp (QSEA) 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).
QSEA’s reported structure combines negative equity, short-term liquidity pressure, and cash flows dominated by financing and investing activity.
Operating cash conversion was unfavorable: operations used$1.27M despite reported net income of$511K . Separately, financing supplied$83.8M against investing outflows of$82.8M , making cash movement look driven more by capital transactions than operating earnings.
Balance-sheet solvency is strained in FY2025: liabilities of
An operating loss of
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Quartzsea Acquisition Corp 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.
For every $1 of reported earnings, Quartzsea Acquisition Corp used $2.48 of operating cash (-$1.3M OCF vs $511K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Quartzsea Acquisition Corp reported an operating loss of $1.9M against $2.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Quartzsea Acquisition Corp reported $574K in net income in Q2 2026. This represents an increase of 2213.2% from the same quarter a year earlier. Against the prior quarter it is up 8.4%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Quartzsea Acquisition Corp held $0 in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
None of these metrics is reported for Q2 2026.
Capital Allocation
None of these metrics is reported for Q2 2026.
QSEA Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
QSEA Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|
| Total Assets | $86.8M+3.0% | $86.0M+17355.1% | $85.3M+16438.2% | $84.6M | $84.3M | $493K | $516K |
| Current Assets | $112K-84.7% | $82K-60.5% | $92K-71.6% | $206K | $735K | $208K | $326K |
| Cash & Equivalents | $0 | $0-100.0% | $0 | $0 | $0 | $208K | $0 |
| Short-Term Investments | $0-100.0% | $0 | $0 | $0 | $605K | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $91.2M+4.7% | $90.2M+17607.2% | $89.3M+17709.8% | $88.0M | $87.1M | $509K | $501K |
| Current Liabilities | $1.1M+340.8% | $921K+80.7% | $742K+48.0% | $284K | $260K | $509K | $501K |
| Non-Current Liabilities | $90.0M+3.7% | $89.3M | $88.5M | $87.7M | $86.8M | $0 | $0 |
| Total Equity | -$4.3M-56.4% | -$4.2M-25175.6% | -$3.9M-26523.7% | -$3.3M | -$2.8M | -$16K | $15K |
| Retained Earnings | -$4.3M-56.4% | -$4.2M-9921.1% | -$3.9M-38459.9% | -$3.3M | -$2.8M | -$41K | -$10K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
QSEA Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
QSEA Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$3.9M), 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 (0.12), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Quartzsea Acquisition Corp QSEA | FY2025 | N/A | $511K | N/A | $107.5M | — |
| Maywood Acquisition MAYA | FY2025 | N/A | $397K | N/A | $122.9M | — |
| Pelican Acqsn PELI | FY2026 | N/A | $1.2M | N/A | $95.6M | — |
| Perceptive Cap PCSC | FY2025 | N/A | $837K | N/A | $123.2M | — |
| Silver Pegasus Acquisition Corp SPEG | FY2025 | N/A | $3K | N/A | $159.2M | — |
Where Quartzsea Acquisition Corp Ranks
Frequently Asked Questions
Is Quartzsea Acquisition Corp profitable?
Yes, Quartzsea Acquisition Corp (QSEA) reported a net income of $511K in fiscal year 2025.
What is Quartzsea Acquisition Corp's operating cash flow?
Quartzsea Acquisition Corp (QSEA) recorded an outflow of $1.3M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Quartzsea Acquisition Corp's total assets?
Quartzsea Acquisition Corp (QSEA) had $85.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Quartzsea Acquisition Corp's current ratio?
Quartzsea Acquisition Corp (QSEA) had a current ratio of 0.12 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Quartzsea Acquisition Corp's return on assets (ROA)?
Quartzsea Acquisition Corp (QSEA) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Quartzsea Acquisition Corp's P/E ratio?
Quartzsea Acquisition Corp (QSEA) trades at 210x earnings, its market capitalization divided by net income of $511K net income, FY2025. The market capitalization is $107.5M as of Aug 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Quartzsea Acquisition Corp's price-to-sales ratio?
Quartzsea Acquisition Corp (QSEA) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $107.5M as of Aug 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Quartzsea Acquisition Corp's debt-to-equity ratio negative or not reported?
Quartzsea Acquisition Corp (QSEA) has negative shareholder equity of -$3.9M 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 Quartzsea Acquisition Corp's earnings high quality?
For every $1 of reported earnings, Quartzsea Acquisition Corp (QSEA) used $2.48 of operating cash (-$1.3M OCF vs $511K 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.
Can Quartzsea Acquisition Corp cover its interest payments?
Quartzsea Acquisition Corp (QSEA) reported an operating loss of $1.9M against $2.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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.