TREX ACQUISITION CORP (TRXA) Financials
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 $32K in revenue for fiscal year 2025, up 104.7% from the prior fiscal year. 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).
External financing supports an acquisition vehicle while operating losses and negative equity weaken its balance-sheet footing
In FY2025, operating cash flow was-$764K while financing supplied$1.18M , so the vehicle’s reported cash needs were met externally rather than by operations. The simultaneous 0.1x current ratio and negative equity show that financing did not translate into stronger short-term coverage or book capital.
After the FY2024 revenue trough, FY2025 activity recovered, yet gross margin deteriorated from
By FY2025, total liabilities of
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 a net loss of $2.5M while operations used $764K of cash. With neither figure positive, the ratio between the two carries no quality signal.
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. This represents a decrease of 248.6% from the same quarter a year earlier. Against the prior quarter it is down 93.0%.
TREX ACQUISITION CORP reported -$1.2M in net income in Q3 2026. This represents a decrease of 196.9% from the same quarter a year earlier. Against the prior quarter it is down 54.6%.
TREX ACQUISITION CORP earned -$0.04 per diluted share (EPS) in Q3 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 33.3%.
Cash & Balance Sheet
TREX ACQUISITION CORP held $383 in cash as of Q3 2026; long-term debt is not reported 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% | $2K | $9K | N/A | $8K | $0-100.0% | $0-100.0% | N/A |
| Cost of Revenue | $25K+110.5% | $46K | $62K | N/A | $12K | $0-100.0% | $0-100.0% | N/A |
| Gross Profit | -$24K-567.0% | -$44K | -$53K | N/A | -$4K | $0+100.0% | $0+100.0% | N/A |
| Operating Income | -$1.3M-251.2% | -$694K-116.7% | -$605K-101.4% | N/A | -$379K-60.7% | -$320K-46.0% | -$301K+12.6% | N/A |
| EBITDA | -$1.3M-248.6% | -$684K-113.7% | -$597K-98.6% | N/A | -$379K-60.7% | -$320K-46.0% | -$301K+8.6% | 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 | $0 | $0 | $0 | N/A | $0 | $0 | $0 | N/A |
| Net Income | -$1.2M-196.9% | -$756K-81.1% | -$654K-109.8% | N/A | -$394K-60.2% | -$417K-86.2% | -$312K+9.8% | N/A |
| EPS (Diluted) | -$0.04-100.0% | -$0.03-50.0% | -$0.03-50.0% | -$0.07-250.0% | -$0.02-100.0% | -$0.02-100.0% | -$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% | $103 | $36-99.8% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | N/A | N/A | N/A | N/A | $7K | N/A | N/A | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $0 | $0 | $0 | $504K | $0 | $0 | $0 | $0 |
| Total Equity | -$1.2M-42.7% | -$1.4M-6.0% | -$743K+42.7% | -$1.1M+1.7% | -$874K+6.9% | -$1.4M-88.1% | -$1.3M-149.7% | -$1.1M-300.7% |
| Retained Earnings | -$12.1M-49.0% | -$11.0M-41.5% | -$10.2M-39.2% | -$9.6M-36.1% | -$8.1M-19.6% | -$7.8M-18.0% | -$7.3M-15.6% | -$7.0M-17.1% |
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 | -$57K-125.7% | -$39K+86.1% | -$136K+32.3% | -$257K-100.3% | -$25K+86.0% | -$280K-108.5% | -$202K-17.7% | -$128K |
| Depreciation & Amortization | $10K | $9K | $9K | $51K | $0 | $0 | $0-100.0% | N/A |
| 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 | $0 | $0 | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$280K-108.5% | -$202K-17.7% | -$128K |
| Investing Cash Flow | -$2+100.0% | -$5K | -$8K | -$119K | -$252K | $0 | $0 | $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% | N/A | -44.3% | N/A | N/A | N/A |
| Operating Margin | -188724.8% | -32560.6% | -6539.8% | N/A | -4606.1% | N/A | N/A | N/A |
| Net Margin | -165815.2% | -35471.7% | -7066.5% | N/A | -4785.9% | N/A | N/A | N/A |
| Return on Assets | -174.4%-136.1pp | -111.1%+75.1pp | -77.6%+45.2pp | N/A | -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 | N/A | 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, 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 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 (0.06), 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.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| TREX ACQUISITION CORP TRXA | FY2025 | $32K | -$2.5M | N/A | $19.6M | — |
| BREEZE HLDGS ACQ CORP BRZH | FY2024 | N/A | -$2.3M | N/A | $17.6M | — |
Where TREX ACQUISITION CORP Ranks
Frequently Asked Questions
What is TREX ACQUISITION CORP's annual revenue?
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.
How fast is TREX ACQUISITION CORP's revenue growing?
TREX ACQUISITION CORP (TRXA) revenue grew by 104.7% year-over-year, from $16K to $32K in fiscal year 2025.
Is TREX ACQUISITION CORP profitable?
No, TREX ACQUISITION CORP (TRXA) reported a net income of -$2.5M in fiscal year 2025.
What is TREX ACQUISITION CORP's EBITDA?
TREX ACQUISITION CORP (TRXA) had EBITDA of -$2.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is TREX ACQUISITION CORP's operating cash flow?
TREX ACQUISITION CORP (TRXA) recorded an outflow of $764K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are TREX ACQUISITION CORP's total assets?
TREX ACQUISITION CORP (TRXA) had $748K in total assets as of fiscal year 2025, including both current and long-term assets.
What is TREX ACQUISITION CORP's current ratio?
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.
What is TREX ACQUISITION CORP's return on assets (ROA)?
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.
Why is TREX ACQUISITION CORP's debt-to-equity ratio negative or not reported?
TREX ACQUISITION CORP (TRXA) has negative shareholder equity of -$1.1M 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.
What is TREX ACQUISITION CORP's Piotroski F-Score?
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.
Are TREX ACQUISITION CORP's earnings high quality?
TREX ACQUISITION CORP (TRXA) reported a net loss of $2.5M while operations used $764K of cash. With neither figure positive, the ratio between the two carries no quality signal. 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.
Can TREX ACQUISITION CORP cover its interest payments?
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.