Trex Acquisition (TRXA) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 29, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q3 FY2026, filed May 26, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TRXA SEC filings page.
Trex Acquisition Corp (TRXA) reported $36K in revenue over the twelve months to Mar 31, 2026. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 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).
The filings depict a transaction vehicle: minimal operating revenue sits beside recurring losses and financing-driven balance-sheet changes.
From FY2022 to FY2025, reported revenue moved from$44K to$32K while the FY2025 net loss reached$2.5M , so sales are not the economic engine visible in these statements. FY2025 operating cash flow was-$764K while financing cash flow supplied$1.2M , linking reported cash activity more closely to capital transactions than operating receipts.
The balance-sheet structure is more revealing than the income statement: FY2025 total liabilities were
The vehicle's reported scale has shifted without producing a conventional operating buildup. FY2024 assets were
Financial Health Signals
Trex Acquisition Corp 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.
Trex Acquisition Corp passes 1 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 1 of 3 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.
Trex Acquisition Corp reported an operating loss of $2.1M against $40K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Trex Acquisition Corp generated $705 in revenue in Q3 2026. This represents a decrease of 91.4% from the same quarter a year earlier. Against the prior quarter it is down 66.9%.
Trex Acquisition Corp's EBITDA was -$1.3M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Trex Acquisition Corp reported a net loss of $1.2M in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Trex Acquisition Corp earned -$0.04 per diluted share (EPS) in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Cash & Balance Sheet
Trex Acquisition Corp held $383 in cash as of Q3 2026; no long-term debt figure is on record for that period.
Not reported for Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for Q3 2026: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for Q3 2026.
Capital Allocation
None of these metrics is reported for Q3 2026.
TRXA 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $705-91.4% | $2Kn/m | $9Kn/m | $24K | $8Kn/m | $0-100.0% | $0-100.0% | N/A |
| Cost of Revenue | $25K+110.5% | $46Kn/m | $62Kn/m | $107K+9196.7% | $12Kn/m | $0-100.0% | $0-100.0% | $1K |
| Gross Profit | -$24Kn/m | -$44Kn/m | -$53Kn/m | -$83Kn/m | -$4Kn/m | $0n/m | $0n/m | -$1K |
| Operating Income | -$1.3Mn/m | -$694Kn/m | -$605Kn/m | -$1.1M | -$379Kn/m | -$320Kn/m | -$301Kn/m | N/A |
| EBITDA | -$1.3Mn/m | -$684Kn/m | -$597Kn/m | N/A | -$379Kn/m | -$320Kn/m | -$301Kn/m | N/A |
| Interest Expense | $73K+346.8% | $35K+195.0% | $26K+129.0% | N/A | $16K+63.3% | $12K+143.2% | $11K+494.2% | N/A |
| Income Tax | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0 |
| Net Income | -$1.2Mn/m | -$756Kn/m | -$654Kn/m | -$1.4M | -$394Kn/m | -$417Kn/m | -$312Kn/m | N/A |
| EPS (Diluted) | -$0.04n/m | -$0.03n/m | -$0.03n/m | -$0.07n/m | -$0.02n/m | -$0.02n/m | -$0.02 | -$0.02 |
| Diluted Shares (Avg) | 27M+29.0% | 27M+46.1% | 25M+37.7% | N/A | 21M+15.6% | 18M0.0% | 18M | N/A |
Not reported in any period shown, so not listed: R&D Expenses, SG&A Expenses, EPS (Basic).
TRXA 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $670K-34.8% | $680K+203.5% | $844K+232.0% | $748K+391.1% | $1.0M+433.8% | $224K-4.3% | $254K-7.1% | $152K-56.8% |
| Current Assets | $12K-89.2% | $12K-94.4% | $73K-64.6% | $82K-46.0% | $115K-26.8% | $224K+41.8% | $207K+30.3% | $152K-17.9% |
| Cash & Equivalents | $383-56.0% | $2K+1121.5% | $384+272.8% | $50K+138047.2% | $871+6600.0% | $144-88.0% | $103n/m | $36-99.8% |
| Short-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Accounts Receivable | N/A | N/A | N/A | N/A | $7K | N/A | N/A | $0 |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Liabilities | $1.9M+0.8% | $2.1M+34.1% | $1.6M+2.2% | $1.8M+45.8% | $1.9M+68.2% | $1.6M+65.4% | $1.6M+95.7% | $1.3M+100.3% |
| Current Liabilities | $1.9M+0.8% | $2.1M+34.1% | $1.6M+2.2% | $1.3M+5.8% | $1.9M+68.2% | $1.6M+65.4% | $1.6M+95.7% | $1.3M+100.3% |
| Non-Current Liabilities | $0n/m | $0n/m | $0n/m | $504Kn/m | $0n/m | $0n/m | $0n/m | $0n/m |
| Total Equity | -$1.2Mn/m | -$1.4Mn/m | -$743Kn/m | -$1.1Mn/m | -$874Kn/m | -$1.4Mn/m | -$1.3Mn/m | -$1.1Mn/m |
| Retained Earnings | -$12.1Mn/m | -$11.0Mn/m | -$10.2Mn/m | -$9.6Mn/m | -$8.1Mn/m | -$7.8Mn/m | -$7.3Mn/m | -$7.0Mn/m |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
TRXA 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$57Kn/m | -$39Kn/m | -$136Kn/m | -$257Kn/m | -$25Kn/m | -$280Kn/m | -$202Kn/m | -$128K |
| Depreciation & Amortization | $10Kn/m | $9Kn/m | $9Kn/m | $51Kn/m | $0n/m | $0n/m | $0-100.0% | $0 |
| Stock-Based Compensation | $378K+595.5% | $71K-5.4% | $16K-78.8% | N/A | $54K-17.6% | $75K+13.7% | $75K-46.9% | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $0n/m | $0n/m | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$280Kn/m | -$202Kn/m | -$128K |
| Investing Cash Flow | -$2n/m | -$5Kn/m | -$8Kn/m | -$119Kn/m | -$252Kn/m | $0n/m | $0n/m | $0 |
| Financing Cash Flow | $56K-79.9% | $45K-83.9% | $95K-53.0% | $425K+231.0% | $278K+54.3% | $280K+106.6% | $202K+36.9% | $128K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
TRXA 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.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -3443.7% | -2069.9% | -568.9% | -341.7% | -44.3% | N/A | N/A | N/A |
| Operating Margin | -188724.8% | -32560.6% | -6539.8% | -4617.4% | -4606.1% | N/A | N/A | N/A |
| Net Margin | -165815.2% | -35471.7% | -7066.5% | -5846.0% | -4785.9% | N/A | N/A | N/A |
| Return on Assets | -174.4%-136.1pp | -111.1%+75.1pp | -77.6%+45.2pp | -188.9% | -38.3%+89.3pp | -186.2%-90.5pp | -122.7%+3.8pp | N/A |
| Current Ratio | 0.01-0.1x | 0.01-0.1x | 0.05-0.1x | 0.06-0.1x | 0.06-0.1x | 0.140.0x | 0.13-0.1x | 0.12-0.2x |
| Asset Turnover | 0.000.0x | 0.000.0x | 0.010.0x | 0.03 | 0.010.0x | 0.000.0x | 0.000.0x | N/A |
Not reported in any period shown, so not listed: Return on Equity, Debt-to-Equity, Liabilities-to-Equity, FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin, Operating Margin, Net Margin.
Note: Shareholder equity is negative (-$1.1M), 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 (0.06), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Trex Acquisition Corp TRXA | FY2025 | $32K | -$2.5M | N/A | $15.7M | — |
| Quetta Acquisition Corp QETA | FY2025 | $5.0M | $323K | 6.5% | $43.4M | — |
Where Trex Acquisition Corp Ranks
Frequently Asked Questions
Trex Acquisition Corp (TRXA) reported $32K in total revenue for fiscal year 2025. This represents a 104.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Trex Acquisition Corp (TRXA) revenue grew by 104.7% year-over-year, from $16K to $32K in fiscal year 2025.
No, Trex Acquisition Corp (TRXA) reported a net loss of $4.0M over the trailing 12 months to March 31, 2026. In fiscal year 2025 it reported a net loss of $2.5M.
Trex Acquisition Corp (TRXA) had EBITDA of -$2.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
Trex Acquisition Corp (TRXA) recorded an outflow of $764K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
Trex Acquisition Corp (TRXA) had $748K in total assets as of fiscal year 2025, including both current and long-term assets.
Trex Acquisition Corp (TRXA) had a current ratio of 0.06 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
Trex Acquisition Corp (TRXA) had a return on assets of -339.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Trex Acquisition Corp (TRXA) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to March 31, 2026). The market capitalization is $15.7M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Trex Acquisition Corp (TRXA) trades at 432x sales, its market capitalization divided by $36K revenue, trailing 12 months to March 31, 2026. The market capitalization is $15.7M as of Oct 29, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Trex Acquisition Corp (TRXA) has negative shareholder equity of -$1.1M 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.
Trex Acquisition Corp (TRXA) has a Piotroski F-Score of 1 out of 6 computable signals; 3 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.
Trex Acquisition Corp (TRXA) reported an operating loss of $2.1M against $40K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.