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Thayer Ventures Acq Corp Ii Financials

TVAI
Source SEC Filings (10-K/10-Q) Updated Mar 30, 2026 Currency USD FYE March

This page shows Thayer Ventures Acq Corp Ii (TVAI) 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).

Financial Health Signals

Earnings Quality Low Quality
0.16x

For every $1 of reported earnings, Thayer Ventures Acq Corp Ii generates $0.16 in operating cash flow ($617K OCF vs $3.9M 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
$3.9M

Thayer Ventures Acq Corp Ii reported $3.9M in net income in fiscal year 2025.

EPS (Diluted)
$0.20

Thayer Ventures Acq Corp Ii earned $0.20 per diluted share (EPS) in fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$258K

Thayer Ventures Acq Corp Ii held $258K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
20M

Thayer Ventures Acq Corp Ii had 20M shares outstanding in fiscal year 2025.

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

TVAI Income Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
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 $158K-66.5% $472K+2505.4% $18K N/A $14K-42.1% $25K
Operating Income -$158K+66.5% -$472K-2505.4% -$18K N/A -$14K+42.1% -$25K
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 $2.0M+301.5% $491K+400.9% -$163K N/A -$14K+42.1% -$25K
EPS (Diluted) N/A N/A N/A N/A N/A N/A

TVAI Balance Sheet

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Total Assets $205.1M+1.0% $203.1M+17716.7% $1.1M+83.1% $623K N/A N/A
Current Assets $648K-16.9% $779K N/A $0 N/A N/A
Cash & Equivalents $0 $0 $0 $0 N/A N/A
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 $212.9M+1.0% $210.8M+17498.3% $1.2M+80.9% $662K N/A N/A
Current Liabilities $125K-12.0% $142K-81.0% $748K+12.9% $662K N/A N/A
Long-Term Debt N/A N/A N/A N/A N/A N/A
Total Equity -$7.8M-2.1% -$7.6M-13167.9% -$58K-45.9% -$39K-183.2% -$14K-4042.5% $353
Retained Earnings -$7.8M-2.1% -$7.6M-3254.5% -$228K-253.2% -$64K N/A N/A

TVAI Cash Flow Statement

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Operating Cash Flow $8K-99.1% $869K $0 N/A 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 $0 N/A N/A N/A N/A N/A
Financing Cash Flow N/A N/A N/A N/A 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

TVAI Financial Ratios

Metric Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
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 N/A N/A N/A N/A N/A -6982.1%
Return on Assets 1.0%+0.7pp 0.2%+14.6pp -14.3% N/A N/A N/A
Current Ratio 5.18-0.3 5.49 N/A 0.00 N/A N/A
Debt-to-Equity -27.33+0.3 -27.62-6.8 -20.82-4.0 -16.80 N/A N/A
FCF Margin N/A N/A N/A N/A N/A N/A

Note: Shareholder equity is negative (-$8.2M), 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.

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Frequently Asked Questions

Yes, Thayer Ventures Acq Corp Ii (TVAI) reported a net income of $3.9M in fiscal year 2025.

Thayer Ventures Acq Corp Ii (TVAI) reported diluted earnings per share of $0.20 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.

Thayer Ventures Acq Corp Ii (TVAI) generated $617K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Thayer Ventures Acq Corp Ii (TVAI) had $206.8M in total assets as of fiscal year 2025, including both current and long-term assets.

Thayer Ventures Acq Corp Ii (TVAI) had 20M shares outstanding as of fiscal year 2025.

Thayer Ventures Acq Corp Ii (TVAI) had a current ratio of 2.81 as of fiscal year 2025, which is generally considered healthy.

Thayer Ventures Acq Corp Ii (TVAI) had a debt-to-equity ratio of -26.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Thayer Ventures Acq Corp Ii (TVAI) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Thayer Ventures Acq Corp Ii (TVAI) has negative shareholder equity of -$8.2M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. 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.

Thayer Ventures Acq Corp Ii (TVAI) has an earnings quality ratio of 0.16x, 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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