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Starry Sea Acqsn Financials

SSEA
Source SEC Filings (10-K/10-Q) Data as of Mar 31, 2026 Currency USD FYE December

This page shows Starry Sea Acqsn (SSEA) 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 SSEA FY2025

FY2025 was driven by balance-sheet funding, with financing cash nearly mirroring investing outflows rather than operating cash generation.

Reported profit did not behave like operating profit: net income was $321K even though operating income was -$543K and operating cash flow was -$703K. That combination means the year's positive bottom line came from non-operating accounting effects, while the underlying operating engine still consumed cash and did not replenish liquidity.

The balance sheet is liability-funded: liabilities were $53.0M against assets of $58.7M. That left equity at only $5.8M, about 9.8% of the asset base, so the cushion beneath obligations was thin. Cash was just $112K, giving little immediately available liquidity for a company carrying a much larger balance sheet.

Cash movements point to a transaction-driven year: financing brought in $58.3M while investing used $57.5M. Because operating cash burn was only -$703K, the major FY2025 change was capital being moved onto the balance sheet rather than recurring operations dominating cash movement.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score pending refresh

We are recalculating Starry Sea Acqsn's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. The signals and metrics below are current.

Earnings Quality Low Quality
-2.19x

For every $1 of reported earnings, Starry Sea Acqsn generates $-2.19 in operating cash flow (-$703K OCF vs $321K 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
$321K

Starry Sea Acqsn reported $321K in net income in fiscal year 2025.

EPS (Diluted)
$-0.78

Starry Sea Acqsn earned $-0.78 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$112K

Starry Sea Acqsn held $112K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
2M

Starry Sea Acqsn had 2M shares outstanding in fiscal year 2025.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
N/A
Return on Equity
5.6%

Starry Sea Acqsn's ROE was 5.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

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

SSEA Income Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Revenue 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
Gross Profit 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
SG&A Expenses N/A N/A N/A N/A N/A N/A
Operating Income -$159K N/A -$253K N/A -$86K N/A
Interest Expense 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
Net Income $325K N/A $70K+425.9% -$22K+74.7% -$86K N/A
EPS (Diluted) $-0.02 N/A N/A N/A $-0.07 N/A

SSEA Balance Sheet

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Total Assets $59.1M+0.6% $58.7M+0.6% $58.4M+20751.1% $280K N/A $25K
Current Assets $242K-36.4% $380K-35.5% $589K+58771.3% $1K N/A N/A
Cash & Equivalents $58K-48.2% $112K $0 $0 N/A $0
Inventory 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
Goodwill N/A N/A N/A N/A N/A N/A
Total Liabilities $55.0M+3.9% $53.0M+4.1% $50.9M+13663.8% $370K N/A $32K
Current Liabilities $22K+3863.6% $550-98.0% $27K-92.6% $370K N/A $32K
Long-Term Debt N/A N/A N/A N/A N/A N/A
Total Equity $4.0M-29.8% $5.8M-23.5% $7.5M+8525.4% -$89K-32.6% -$67K-867.6% -$7K
Retained Earnings N/A $314K+818.0% -$44K+61.8% -$114K N/A -$7K

SSEA Cash Flow Statement

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Operating Cash Flow -$54K+57.0% -$126K+78.1% -$576K-57463.2% -$1K N/A N/A
Capital Expenditures 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
Investing Cash Flow N/A $0+100.0% -$57.5M N/A N/A N/A
Financing Cash Flow N/A $0-100.0% $58.3M+2915533.1% $2K N/A N/A
Dividends Paid 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

SSEA Financial Ratios

Metric Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 Q4'24
Gross Margin 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
Net Margin N/A N/A N/A N/A N/A N/A
Return on Equity 8.0% N/A 0.9% N/A N/A N/A
Return on Assets 0.5% N/A 0.1%+7.8pp -7.7% N/A N/A
Current Ratio 11.08-679.1 690.21+668.6 21.62+21.6 0.00 N/A N/A
Debt-to-Equity 13.60+4.4 9.19+2.4 6.75 N/A N/A N/A
FCF Margin N/A N/A N/A N/A N/A N/A

Frequently Asked Questions

Yes, Starry Sea Acqsn (SSEA) reported a net income of $321K in fiscal year 2025.

Starry Sea Acqsn (SSEA) reported diluted earnings per share of $-0.78 for fiscal year 2025. 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.

Starry Sea Acqsn (SSEA) has a return on equity of 5.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Starry Sea Acqsn (SSEA) generated -$703K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Starry Sea Acqsn (SSEA) had $58.7M in total assets as of fiscal year 2025, including both current and long-term assets.

Starry Sea Acqsn (SSEA) had 2M shares outstanding as of fiscal year 2025.

Starry Sea Acqsn (SSEA) had a current ratio of 690.21 as of fiscal year 2025, which is generally considered healthy.

Starry Sea Acqsn (SSEA) had a debt-to-equity ratio of 9.19 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Starry Sea Acqsn (SSEA) had a return on assets of 0.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, Starry Sea Acqsn (SSEA) had $112K in cash against an annual operating cash burn of $703K. This gives an estimated cash runway of approximately 2 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.

Starry Sea Acqsn (SSEA) has an earnings quality ratio of -2.19x, 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.

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