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Rising Dragon Acquisition Corp. Rights (RDACR) Financials

RDACR
FY2025 annual
Revenue Not reported for FY2025
Net Income $1.6M YoY not available
EPS (Diluted) Not reported for FY2025
Operating Cash Flow -$660K YoY not available
Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the RDACR SEC filings page.

This page shows Rising Dragon Acquisition Corp. Rights (RDACR) 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 RDACR FY2025

RDACR shows accounting profit without matching cash generation, alongside a balance sheet carrying more liabilities than assets.

The central earnings-quality mismatch is that net income reached $1.6M while operating cash flow was -$660K, so reported profit did not translate into cash from operations. The supplied operating-cash-flow-to-net-income measure of -42.0% reinforces that the accounting result and cash economics were moving in opposite directions.

A current ratio of 0.1x signals a severe mismatch between near-term resources and obligations, making the balance sheet more important than the reported profit alone.

Liabilities were 105.1% of assets, leaving reported equity at -$2.3M; the asset base therefore did not represent positive residual capital for shareholders.

Some figures from recent filings were inconsistent and were omitted from this summary.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Rising Dragon Acquisition Corp. Rights 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

For every $1 of reported earnings, Rising Dragon Acquisition Corp. Rights used $0.42 of operating cash (-$660K OCF vs $1.6M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

Net Income
$85K
YoY-78.8%
QoQ-60.1%

Rising Dragon Acquisition Corp. Rights reported $85K in net income in Q2 2026. This represents a decrease of 78.8% from the same quarter a year earlier. Against the prior quarter it is down 60.1%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$9K
YoY-89.6%
QoQ-8.2%

Rising Dragon Acquisition Corp. Rights held $9K in cash as of Q2 2026; no long-term debt figure is on record for that period.

Shares Outstanding
3M
QoQ-42.3%

Rising Dragon Acquisition Corp. Rights had 3M shares outstanding in Q2 2026. Against the prior quarter it is down 42.3%.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

None of these metrics is reported for Q2 2026.

Capital Allocation

Share Buybacks
$27.2M
QoQ+161343.7%

Rising Dragon Acquisition Corp. Rights spent $27.2M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 161343.7%.

R&D Spending

Not reported for Q2 2026.

Capital Expenditures

Not reported for Q2 2026.

RDACR 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.

RDACR quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Net Income$85K-78.8%$212K-53.3%N/A$452Kn/m$399Kn/m$454KN/A-$11K
EPS (Basic)N/AN/AN/AN/AN/AN/AN/A-$0.01
EPS (Diluted)N/AN/AN/AN/AN/AN/AN/A-$0.01
Diluted Shares (Avg)N/AN/AN/AN/AN/AN/AN/A1M

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax.

RDACR 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.

RDACR quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$18.4M-69.1%$45.1M-23.8%$44.4M-24.4%$60.2M+38175.7%$59.6M$59.2M$58.8M$157K
Current Assets$55K-47.0%$79K-74.5%$37K-91.8%$6K+5520.0%$104K$312K$456K$100
Cash & Equivalents$9K-89.6%$9K-96.5%$37K-90.5%$6K+5520.0%$83K+83306.0%$270K$393K$100
Short-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0$0$0
Long-Term Investments$0n/m$0n/m$0n/m$0n/m$0n/m$0$0$0
Total Liabilities$21.6M-64.8%$47.9M-21.3%$46.7M-22.5%$62.1M+33951.6%$61.4M$60.8M$60.2M$182K
Current Liabilities$1.4M+5662.7%$930K+4059.1%$419K+1763.5%$95K$24K$22K$23KN/A
Non-Current Liabilities$20.2M-67.0%$46.9M-22.8%$46.3M-23.2%$62.0M$61.4M$60.8M$60.2MN/A
Total Equity-$3.2Mn/m-$2.7Mn/m-$2.3Mn/m-$2.0Mn/m-$1.8Mn/m-$1.6M-$1.4M-$25K
Retained Earnings-$3.2Mn/m-$2.7Mn/m-$2.3Mn/m-$2.0Mn/m-$1.8M-$1.6M-$1.4M-$50K

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

RDACR 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.

RDACR quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$213Kn/m-$261Kn/m-$204Kn/m-$145Kn/m-$187Kn/m-$125K-$276K-$21K
Investing Cash Flow$27.0M-$283KN/AN/AN/AN/AN/AN/A
Financing Cash Flow-$26.8Mn/m$516K+17876.5%-$16.1M-127.5%$67K+213.2%$0-100.0%$3K$58.5M$21K
Share Buybacks$27.2M$17KN/AN/AN/AN/AN/AN/A

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid.

RDACR 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.

RDACR quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Return on Assets0.5%-0.2pp0.5%-0.3ppN/A0.8%+8.0pp0.7%0.8%N/A-7.2%
Current Ratio0.04-4.3x0.09-13.9x0.09-20.2x0.064.3513.9620.25N/A

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

Note: Shareholder equity is negative (-$2.3M), which causes the debt-to-equity, liabilities-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 (0.09), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

Frequently Asked Questions

Is Rising Dragon Acquisition Corp. Rights profitable?

Yes, Rising Dragon Acquisition Corp. Rights (RDACR) reported a net income of $1.6M in fiscal year 2025.

What is Rising Dragon Acquisition Corp. Rights's operating cash flow?

Rising Dragon Acquisition Corp. Rights (RDACR) recorded an outflow of $660K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Rising Dragon Acquisition Corp. Rights's total assets?

Rising Dragon Acquisition Corp. Rights (RDACR) had $44.4M in total assets as of fiscal year 2025, including both current and long-term assets.

Rising Dragon Acquisition Corp. Rights (RDACR) had 6M shares outstanding as of fiscal year 2025.

Rising Dragon Acquisition Corp. Rights (RDACR) had a current ratio of 0.09 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

Rising Dragon Acquisition Corp. Rights (RDACR) had a return on assets of 3.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

At the end of fiscal year 2025, Rising Dragon Acquisition Corp. Rights (RDACR) held $37K in cash, cash equivalents and investments, and reported an operating cash outflow of $660K over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.

Rising Dragon Acquisition Corp. Rights (RDACR) has negative shareholder equity of -$2.3M as of fiscal year 2025, so no debt-to-equity or liabilities-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.

For every $1 of reported earnings, Rising Dragon Acquisition Corp. Rights (RDACR) used $0.42 of operating cash (-$660K OCF vs $1.6M 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.

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