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Sizzle Acquisition Corp. II Unit (SZZLU) Financials

SZZLU
FY2025 annual
Revenue Not reported for FY2025
Net Income $6.5M YoY not available
EPS (Diluted) Not reported for FY2025
Operating Cash Flow -$601K 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 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SZZLU SEC filings page.

This page shows Sizzle Acquisition Corp. II Unit (SZZLU) 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 SZZLU FY2025

Capital transactions, not operating activity, dominate Sizzle Acquisition Corp. II’s FY2025 financial profile

Reported earnings did not translate into operating cash: FY2025 net income was $6.5M, while operating cash flow was -$601K and operating income was -$537K. That gap indicates the positive result was driven outside the core operating activity, although the supplied data does not identify the source.

Cash movement was primarily financing-related: investing cash flow of -$230M was nearly offset by financing cash flow of $231.4M, consistent with a capital-raising or capital-deployment structure rather than a revenue-producing operating business. The absence of reported revenue reinforces that interpretation.

Short-term liquidity and long-term solvency point in different directions: the current ratio was 6.7x, yet total liabilities of $248.1M exceeded total assets of $238.0M, leaving negative equity of -$10.1M. This means near-term current assets were ample relative to current liabilities, while the overall balance sheet remained structurally under water.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Sizzle Acquisition Corp. II Unit 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, Sizzle Acquisition Corp. II Unit used $0.09 of operating cash (-$601K OCF vs $6.5M 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
$1.8M
YoY-12.2%
QoQ+13.6%

Sizzle Acquisition Corp. II Unit reported $1.8M in net income in Q2 2026. This represents a decrease of 12.2% from the same quarter a year earlier. Against the prior quarter it is up 13.6%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$340K
YoY-69.5%
QoQ-47.9%

Sizzle Acquisition Corp. II Unit held $340K in cash as of Q2 2026; long-term debt is not reported for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

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.

SZZLU 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.

SZZLU quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
SG&A Expenses$328K+58.5%$436K+933.9%N/A$145K+180.2%$207K$42KN/A$52K
Operating Income-$328K-58.5%-$436K-933.9%N/A-$145K-180.2%-$207K-$42KN/A-$52K
Net Income$1.8M-12.2%$1.6M+3903.5%N/A$2.3M+4525.3%$2.1M-$42KN/A-$52K
EPS (Basic)N/AN/AN/AN/AN/A-$0.01N/AN/A
EPS (Diluted)N/AN/AN/AN/AN/A-$0.01N/AN/A
Diluted Shares (Avg)N/AN/AN/AN/AN/A7MN/AN/A

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

SZZLU 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.

SZZLU quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$241.7M+3.5%$239.8M+85794.2%$238.0M+159114.6%$235.8M$233.6M$279K$149KN/A
Current Assets$465K-59.3%$760K+21627.1%$932K$1.1M$1.1M$4KN/AN/A
Cash & Equivalents$340K-69.5%$653K$805K$936K$1.1MN/AN/AN/A
Short-Term Investments$0$0$0$0$0N/AN/AN/A
Long-Term Investments$0-100.0%$0$0$0$232.3MN/AN/AN/A
Total Liabilities$252.6M+3.8%$250.4M+68751.7%$248.1M+129258.2%$245.8M$243.4M$364K$192KN/A
Current Liabilities$413K+116.5%$380K$139K-27.6%$152K$191KN/A$192KN/A
Non-Current Liabilities$252.1M+3.7%$250.0M$248.0M$245.7M$243.2MN/A$0N/A
Total Equity-$10.9M-10.7%-$10.6M-12414.7%-$10.1M-23840.6%-$10.0M-37276.1%-$9.8M-$84K-$42K-$27K
Retained Earnings-$10.9M-10.7%-$10.6M-9557.1%-$10.1M-14952.5%-$10.0M-$9.8M-$109K-$67KN/A

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

SZZLU 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.

SZZLU quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow-$313K-$152K-$131K-$148KN/AN/AN/AN/A
Investing Cash FlowN/AN/A$0$0N/AN/AN/AN/A
Financing Cash FlowN/AN/A$0-$33KN/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, Share Buybacks.

SZZLU 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.

SZZLU quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Return on Assets0.8%-0.1pp0.7%+15.8ppN/A1.0%0.9%-15.1%N/AN/A
Current Ratio1.13-4.9x2.006.717.025.99N/AN/AN/A

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

Note: Shareholder equity is negative (-$10.1M), 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.

Frequently Asked Questions

Is Sizzle Acquisition Corp. II Unit profitable?

Yes, Sizzle Acquisition Corp. II Unit (SZZLU) reported a net income of $6.5M in fiscal year 2025.

What is Sizzle Acquisition Corp. II Unit's operating cash flow?

Sizzle Acquisition Corp. II Unit (SZZLU) recorded an outflow of $601K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

What are Sizzle Acquisition Corp. II Unit's total assets?

Sizzle Acquisition Corp. II Unit (SZZLU) had $238.0M in total assets as of fiscal year 2025, including both current and long-term assets.

Sizzle Acquisition Corp. II Unit (SZZLU) had a current ratio of 6.71 as of fiscal year 2025, which is generally considered healthy.

Sizzle Acquisition Corp. II Unit (SZZLU) had a return on assets of 2.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Sizzle Acquisition Corp. II Unit (SZZLU) has negative shareholder equity of -$10.1M 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.

For every $1 of reported earnings, Sizzle Acquisition Corp. II Unit (SZZLU) used $0.09 of operating cash (-$601K OCF vs $6.5M 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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