Tlgy Acquisition Corp Financials

TLGUF

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

This page shows Tlgy Acquisition Corp (TLGUF) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI TLGUF FY2025 2026-05-14

Shrinking assets and persistent cash burn show a business being financed by balance-sheet contraction rather than operating inflows.

Across recent annual periods, total assets shrank to $6.4M while operating cash flow still hovered near -$1.3M, so the company became much smaller without becoming self-funding. With negative equity already present, that compression leaves little balance-sheet cushion and helps explain why liquidity now looks strained.

The clearest signal on earnings quality is that accounting profit and cash did not travel together: net income was positive at $2.0M, while operating cash flow remained negative at -$1.3M. That makes reported profit a weak guide to the business's actual funding capacity.

Liquidity pressure is visible in the gap between on-hand cash and bills due soon, with only $77K of cash against $6.1M of current liabilities. That shortfall had already emerged before the latest loss, suggesting short-term flexibility eroded before profitability turned sharply negative.

Financial Health Signals

Financial health score pending refresh

We are recalculating Tlgy Acquisition Corp'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.

Piotroski F-Score Partial

2/5

Tlgy Acquisition Corp passes 2 of 5 computable financial strength tests (4 of the nine could not be computed from available data). 1 of 4 profitability signals pass, all 1 leverage/liquidity signals pass.

Earnings Quality Low Quality

0.08x

For every $1 of reported earnings, Tlgy Acquisition Corp generates $0.08 in operating cash flow (-$1.2M OCF vs -$14.8M 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

-$14.8M

YoY-844.3%

Tlgy Acquisition Corp reported -$14.8M in net income in fiscal year 2025. This represents a decrease of 844.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$77K

YoY+1954.0%

Tlgy Acquisition Corp held $77K 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

TLGUF Income Statement

Metric	FY25	FY24	FY23	FY22
Revenue	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A
SG&A Expenses	$1.3M+21.2%	$1.1M-30.7%	$1.5M+28.4%	$1.2M
Operating Income	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A
Net Income	-$14.8M-844.3%	$2.0M-42.4%	$3.4M-70.4%	$11.6M
EPS (Diluted)	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	N/A	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	N/A
Gross Profit	N/A	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	N/A
SG&A Expenses	$954K	N/A	$654K+91.1%	$342K+151.0%	$136K	N/A	$292K-31.8%	$428K
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	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	N/A
Net Income	-$4.3M	N/A	-$22.2M-344.5%	-$5.0M-12926.1%	-$38K	N/A	$1.2M+10493.6%	$11K
EPS (Diluted)	$-0.73	N/A	N/A	N/A	N/A	N/A	N/A	N/A

TLGUF Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$6.4M-85.5%	$44.4M-32.8%	$66.0M-72.3%	$238.4M
Current Assets	$102K+277.8%	$27K-46.0%	$50K-94.2%	$867K
Cash & Equivalents	$77K+1954.0%	$4K-90.7%	$41K-93.1%	$585K
Inventory	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A
Total Liabilities	$28.1M-43.9%	$50.1M-35.8%	$78.0M-68.4%	$247.0M
Current Liabilities	$6.1M+37.0%	$4.4M+43.9%	$3.1M+754.5%	$362K
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	-$21.7M-277.0%	-$5.7M+52.3%	-$12.0M-40.1%	-$8.6M
Retained Earnings	-$21.7M-277.0%	-$5.7M+52.3%	-$12.0M-40.1%	-$8.6M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$6.5M+0.9%	$6.4M-2.7%	$6.6M+5.0%	$6.3M-86.0%	$45.1M+1.6%	$44.4M+1.5%	$43.7M+1.6%	$43.0M
Current Assets	$41K-60.4%	$102K-75.3%	$415K+75.9%	$236K+196.7%	$80K+193.5%	$27K-46.8%	$51K-52.9%	$108K
Cash & Equivalents	$3K-96.4%	$77K-77.7%	$348K+67.4%	$208K+326.4%	$49K+1193.0%	$4K-43.9%	$7K-83.6%	$41K
Inventory	N/A	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	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$31.7M+12.9%	$28.1M-30.7%	$40.6M+126.2%	$17.9M-65.2%	$51.5M+2.8%	$50.1M+1.8%	$49.2M+0.5%	$49.0M
Current Liabilities	$7.1M+15.9%	$6.1M-1.2%	$6.2M+16.3%	$5.3M+12.1%	$4.7M+6.4%	$4.4M+6.4%	$4.2M+11.0%	$3.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$25.2M-16.5%	-$21.7M+36.2%	-$33.9M-191.9%	-$11.6M-80.8%	-$6.4M-11.9%	-$5.7M-3.7%	-$5.5M+7.6%	-$6.0M
Retained Earnings	-$25.2M-16.5%	-$21.7M+36.2%	-$33.9M-191.9%	-$11.6M-80.8%	-$6.4M-11.9%	-$5.7M-3.7%	-$5.5M+7.6%	-$6.0M

TLGUF Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	-$1.2M+1.4%	-$1.3M+0.4%	-$1.3M-46.3%	-$868K
Capital Expenditures	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	$24.2M-86.3%	$176.6M	N/A
Financing Cash Flow	N/A	-$23.0M+86.9%	-$175.9M	N/A
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$25.1M-85.9%	$178.4M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$711K-260.9%	-$197K+75.4%	-$801K-462.5%	-$142K-35.6%	-$105K+58.2%	-$251K-195.6%	-$85K+86.0%	-$608K
Capital Expenditures	N/A	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	N/A
Investing Cash Flow	-$73K-0.1%	-$73K+0.1%	-$73K	N/A	-$180K0.0%	-$180K0.0%	-$180K-100.7%	$24.9M
Financing Cash Flow	$710K+639739.6%	-$111-100.0%	$1.0M	N/A	$330K-22.9%	$428K+85.7%	$231K+100.9%	-$24.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	$111	$0	N/A	N/A	$0	$0	N/A

TLGUF Financial Ratios

Metric	FY25	FY24	FY23	FY22
Gross Margin	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A
Return on Assets	-229.3%-233.8pp	4.5%-0.7pp	5.2%+0.3pp	4.9%
Current Ratio	0.02+0.0	0.01-0.0	0.02-2.4	2.40
Debt-to-Equity	N/A	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	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	N/A
Net Margin	N/A	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	N/A
Return on Assets	-66.5%	N/A	-334.6%-255.5pp	-79.1%-79.0pp	-0.1%	N/A	2.7%+2.7pp	0.0%
Current Ratio	0.01-0.0	0.02-0.1	0.07+0.0	0.04+0.0	0.02+0.0	0.010.0	0.01-0.0	0.03
Debt-to-Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$21.7M), 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 (0.02), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Tlgy Acquisition Corp profitable?

No, Tlgy Acquisition Corp (TLGUF) reported a net income of -$14.8M in fiscal year 2025.

What is Tlgy Acquisition Corp's operating cash flow?

Tlgy Acquisition Corp (TLGUF) generated -$1.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Tlgy Acquisition Corp's total assets?

Tlgy Acquisition Corp (TLGUF) had $6.4M in total assets as of fiscal year 2025, including both current and long-term assets.

What is Tlgy Acquisition Corp's current ratio?

Tlgy Acquisition Corp (TLGUF) had a current ratio of 0.02 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Tlgy Acquisition Corp's return on assets (ROA)?

Tlgy Acquisition Corp (TLGUF) had a return on assets of -229.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Tlgy Acquisition Corp's cash runway?

Based on fiscal year 2025 data, Tlgy Acquisition Corp (TLGUF) had $77K in cash against an annual operating cash burn of $1.2M. This gives an estimated cash runway of approximately 1 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.

Why is Tlgy Acquisition Corp's debt-to-equity ratio negative or not reported?

Tlgy Acquisition Corp (TLGUF) has negative shareholder equity of -$21.7M 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.

What is Tlgy Acquisition Corp's Piotroski F-Score?

Tlgy Acquisition Corp (TLGUF) has a Piotroski F-Score of 2 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Tlgy Acquisition Corp's earnings high quality?

Tlgy Acquisition Corp (TLGUF) has an earnings quality ratio of 0.08x, 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.