Thayer Ventures Acquisition Corporation II (TVAI) 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 Sep 15, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 13, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TVAI SEC filings page.
This page shows Thayer Ventures Acquisition Corporation 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).
FY2025 is dominated by non-operating earnings and a capital structure in which obligations exceed the asset base.
FY2025 net income of$3.9M contrasted with operating cash flow of$617K , so accounting profit converted into only a fraction of cash. With operating income negative, that gap indicates the reported profit was driven largely outside recurring operations, making earnings quality more dependent on non-operating items than the headline profit alone suggests.
The balance sheet carries
Investing cash flow of
Financial Health Signals
Thayer Ventures Acquisition Corporation II 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.
For every $1 of reported earnings, Thayer Ventures Acquisition Corporation 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
Earnings & Revenue
Thayer Ventures Acquisition Corporation II reported $1.4M in net income in Q2 2026. This represents an increase of 187.5% from the same quarter a year earlier. Against the prior quarter it is up 42.0%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Thayer Ventures Acquisition Corporation II held $0 in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
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.
TVAI 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| SG&A Expenses | $292K-38.2% | $330K+1721.3% | N/A | $158K+1008.1% | $472K+1813.4% | $18K | N/A | $14K |
| Operating Income | -$292K+38.2% | -$330K-1721.3% | N/A | -$158K-1008.1% | -$472K-1813.4% | -$18K | N/A | -$14K |
| Net Income | $1.4M+187.5% | $994K+709.3% | N/A | $2.0M+13905.4% | $491K+2091.0% | -$163K | N/A | -$14K |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense, Income Tax, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
TVAI 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 | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $209.8M+3.3% | $208.5M+18184.2% | $206.8M+33108.9% | $205.1M | $203.1M | $1.1M | $623K | N/A |
| Current Assets | $165K-78.9% | $291K | $437K | $648K | $779K | N/A | $0 | N/A |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | N/A |
| Total Liabilities | $218.6M+3.7% | $217.0M+18017.0% | $215.0M+32368.0% | $212.9M | $210.8M | $1.2M | $662K | N/A |
| Current Liabilities | $732K+415.3% | $723K-3.4% | $156K-76.5% | $125K | $142K | $748K | $662K | N/A |
| Non-Current Liabilities | $217.9M+3.4% | $216.3M+47949.5% | $214.8M | $212.8M | $210.6M | $450K | $0 | N/A |
| Total Equity | -$8.8M-15.4% | -$8.5M-14701.2% | -$8.2M-20661.9% | -$7.8M-55871.6% | -$7.6M-2161979.6% | -$58K | -$39K | -$14K |
| Retained Earnings | -$8.8M-15.4% | -$8.5M-3642.2% | -$8.2M-12605.4% | -$7.8M | -$7.6M | -$228K | -$64K | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
TVAI 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.
Not reported in any period shown, so not listed: Depreciation & Amortization, Capital Expenditures, Free Cash Flow, Financing Cash Flow, Dividends Paid, Share Buybacks.
TVAI 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.
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 (-$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.
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 |
|---|---|---|---|---|---|---|
| Thayer Ventures Acquisition Corporation II TVAI | FY2025 | N/A | $3.9M | N/A | $282.6M | — |
| SkyAI, Inc. SKYA | FY2025 | $204K | -$282.5M | N/A | $61.4M | — |
| Plum Acquisition Corp. IV Unit PLMKU | FY2025 | N/A | $6.1M | N/A | N/A | — |
Where Thayer Ventures Acquisition Corporation II Ranks
Frequently Asked Questions
Is Thayer Ventures Acquisition Corporation II profitable?
Yes, Thayer Ventures Acquisition Corporation II (TVAI) reported a net income of $3.9M in fiscal year 2025.
What is Thayer Ventures Acquisition Corporation II's operating cash flow?
Thayer Ventures Acquisition Corporation II (TVAI) generated $617K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Thayer Ventures Acquisition Corporation II's total assets?
Thayer Ventures Acquisition Corporation II (TVAI) had $206.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Thayer Ventures Acquisition Corporation II's current ratio?
Thayer Ventures Acquisition Corporation II (TVAI) had a current ratio of 2.81 as of fiscal year 2025, which is generally considered healthy.
What is Thayer Ventures Acquisition Corporation II's return on assets (ROA)?
Thayer Ventures Acquisition Corporation 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.
What is Thayer Ventures Acquisition Corporation II's P/E ratio?
Thayer Ventures Acquisition Corporation II (TVAI) trades at 72.8x earnings, its market capitalization divided by net income of $3.9M net income, FY2025. The market capitalization is $282.6M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Thayer Ventures Acquisition Corporation II's price-to-sales ratio?
Thayer Ventures Acquisition Corporation II (TVAI) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $282.6M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
Why is Thayer Ventures Acquisition Corporation II's debt-to-equity ratio negative or not reported?
Thayer Ventures Acquisition Corporation II (TVAI) has negative shareholder equity of -$8.2M 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.
Are Thayer Ventures Acquisition Corporation II's earnings high quality?
Thayer Ventures Acquisition Corporation 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.