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Silver Pegasus Acquisition Corp Financials

SPEG
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Silver Pegasus Acquisition Corp (SPEG) 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 SPEG FY2025

Financing inflows appear to be parked in long-dated assets, while the company runs on a minimal administrative cost base.

Near-term liquidity looks comfortable at 3.9x, which would normally suggest balance-sheet flexibility, but that signal is misleading beside negative equity. $125.6M of liabilities exceed $117.6M of assets, implying small current claims are manageable even as the overall capital structure remains liability-heavy.

Operating activity did not fund the year: operating cash flow was -$413K even though net income was roughly break-even at $3K, so reported earnings were shaped by non-operating items rather than by cash-generating operations. With no revenue or gross profit reported and SG&A effectively matching the operating loss, this reads more like a holding-and-administration vehicle than a business supported by recurring sales.

Cash movement shows the real mechanic: financing brought in $115.8M and investing used -$115.0M, leaving very little cash available for day-to-day flexibility. Outside capital was largely converted into assets rather than retained as operating liquidity, which helps explain why current obligations appear easy to cover even though the company sits in a liability-funded position.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 13 / 100
Financial Profile 13/100

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 Silver Pegasus Acquisition Corp'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.

Liquidity
77

With a current ratio of 3.91, Silver Pegasus Acquisition Corp holds $3.91 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 77/100.

Earnings Quality Low Quality
-140.00x

For every $1 of reported earnings, Silver Pegasus Acquisition Corp generates $-140.00 in operating cash flow (-$413K OCF vs $3K 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

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Earnings & Revenue

Revenue
N/A
EBITDA
N/A
Net Income
$3K

Silver Pegasus Acquisition Corp reported $3K in net income in fiscal year 2025.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$379K

Silver Pegasus Acquisition Corp held $379K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
N/A

Capital Allocation

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
N/A

SPEG Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Revenue N/A N/A N/A N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A
Gross Profit 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
SG&A Expenses $153K N/A $182K+696.0% $23K-3.1% $24K N/A $31K
Operating Income -$153K N/A -$182K-696.0% -$23K+3.1% -$24K N/A -$31K
Interest Expense N/A N/A N/A N/A N/A N/A N/A
Income Tax N/A N/A N/A N/A N/A N/A N/A
Net Income $1.0M N/A -$967K-4134.5% -$23K+3.1% -$24K N/A -$31K
EPS (Diluted) $0.07 N/A N/A $-0.01 N/A N/A N/A

SPEG Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Total Assets $118.5M+0.8% $117.6M+0.9% $116.6M+41713.1% $279K N/A $209K N/A
Current Assets $395K-24.9% $527K-16.2% $628K+222771.3% $282 N/A $298 N/A
Cash & Equivalents $237K-37.3% $379K-16.2% $452K N/A N/A N/A N/A
Inventory 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
Goodwill N/A N/A N/A N/A N/A N/A N/A
Total Liabilities $126.5M+0.7% $125.6M+0.9% $124.5M+35427.0% $350K N/A $234K N/A
Current Liabilities $152K+13.1% $135K+26.4% $107K N/A N/A $234K N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A
Total Equity -$8.0M-0.3% -$7.9M-1.3% -$7.8M-10880.0% -$71K-47.0% -$49K-94.1% -$25K-1.0% -$25K
Retained Earnings -$8.0M-0.3% -$7.9M-1.3% -$7.8M-8034.1% -$96K N/A -$50K N/A

SPEG Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Operating Cash Flow -$141K-93.1% -$73K N/A N/A N/A N/A N/A
Capital Expenditures 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
Investing Cash Flow N/A $0 N/A N/A N/A N/A N/A
Financing Cash Flow N/A -$79 N/A N/A N/A N/A N/A
Dividends Paid 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

SPEG Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24
Gross Margin 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
Net Margin 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
Return on Assets 0.9% N/A -0.8%+7.4pp -8.2% N/A N/A N/A
Current Ratio 2.59-1.3 3.91-2.0 5.89 N/A N/A 0.00 N/A
Debt-to-Equity -15.87-0.1 -15.80+0.1 -15.87-11.0 -4.91 N/A -9.34 N/A
FCF Margin N/A N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$7.9M), 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.

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Frequently Asked Questions

Yes, Silver Pegasus Acquisition Corp (SPEG) reported a net income of $3K in fiscal year 2025.

Silver Pegasus Acquisition Corp (SPEG) generated -$413K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Silver Pegasus Acquisition Corp (SPEG) had $117.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Silver Pegasus Acquisition Corp (SPEG) had a current ratio of 3.91 as of fiscal year 2025, which is generally considered healthy.

Silver Pegasus Acquisition Corp (SPEG) had a debt-to-equity ratio of -15.80 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Silver Pegasus Acquisition Corp (SPEG) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Silver Pegasus Acquisition Corp (SPEG) had $379K in cash against an annual operating cash burn of $413K. This gives an estimated cash runway of approximately 11 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.

Silver Pegasus Acquisition Corp (SPEG) has negative shareholder equity of -$7.9M 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.

Silver Pegasus Acquisition Corp (SPEG) has an earnings quality ratio of -140.00x, 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.

Silver Pegasus Acquisition Corp (SPEG) scores 13 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.

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