Thayer Ventures Acq Corp Ii Financials
This page shows Thayer Ventures Acq Corp Ii (TVAIR) 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
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Thayer Ventures Acq Corp Ii's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Thayer Ventures Acq Corp Ii's current ratio of 2.81 indicates adequate short-term liquidity, earning a score of 53/100. The company can meet its near-term obligations, though with limited headroom.
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
Earnings & Revenue
Thayer Ventures Acq Corp Ii reported $3.9M in net income in fiscal year 2025.
Cash & Balance Sheet
Thayer Ventures Acq Corp Ii held $0 in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Capital Allocation
TVAIR Income Statement
| 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 | $330K | N/A | $158K-66.5% | $472K+2505.4% | $18K | N/A | $14K-42.1% | $25K |
| Operating Income | -$330K | N/A | -$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 | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Income | $994K | N/A | $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 | N/A | N/A |
TVAIR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $208.5M+0.8% | $206.8M+0.8% | $205.1M+1.0% | $203.1M+17716.7% | $1.1M+83.1% | $623K | N/A | N/A |
| Current Assets | $291K-33.4% | $437K-32.6% | $648K-16.9% | $779K | N/A | $0 | N/A | N/A |
| Cash & Equivalents | $0 | $0 | $0 | $0 | $0 | $0 | N/A | N/A |
| 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 | $217.0M+0.9% | $215.0M+1.0% | $212.9M+1.0% | $210.8M+17498.3% | $1.2M+80.9% | $662K | N/A | N/A |
| Current Liabilities | $723K+364.6% | $156K+24.4% | $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 | N/A | N/A |
| Total Equity | -$8.5M-4.0% | -$8.2M-5.1% | -$7.8M-2.1% | -$7.6M-13167.9% | -$58K-45.9% | -$39K-183.2% | -$14K-4042.5% | $353 |
| Retained Earnings | -$8.5M-4.0% | -$8.2M-5.1% | -$7.8M-2.1% | -$7.6M-3254.5% | -$228K-253.2% | -$64K | N/A | N/A |
TVAIR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$127K+51.2% | -$260K-3351.0% | $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 | 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 | N/A | $0 | $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 | N/A | N/A |
| Dividends Paid | N/A | N/A | 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 | N/A | N/A |
TVAIR Financial Ratios
| 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 | -6982.1% |
| Return on Assets | 0.5% | N/A | 1.0%+0.7pp | 0.2%+14.6pp | -14.3% | N/A | N/A | N/A |
| Current Ratio | 0.40-2.4 | 2.81-2.4 | 5.18-0.3 | 5.49 | N/A | 0.00 | N/A | N/A |
| Debt-to-Equity | -25.49+0.8 | -26.27+1.1 | -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 | 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.
Frequently Asked Questions
Is Thayer Ventures Acq Corp Ii profitable?
Yes, Thayer Ventures Acq Corp Ii (TVAIR) reported a net income of $3.9M in fiscal year 2025.
What is Thayer Ventures Acq Corp Ii's operating cash flow?
Thayer Ventures Acq Corp Ii (TVAIR) generated $617K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Thayer Ventures Acq Corp Ii's total assets?
Thayer Ventures Acq Corp Ii (TVAIR) had $206.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Thayer Ventures Acq Corp Ii's current ratio?
Thayer Ventures Acq Corp Ii (TVAIR) had a current ratio of 2.81 as of fiscal year 2025, which is generally considered healthy.
What is Thayer Ventures Acq Corp Ii's debt-to-equity ratio?
Thayer Ventures Acq Corp Ii (TVAIR) 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.
What is Thayer Ventures Acq Corp Ii's return on assets (ROA)?
Thayer Ventures Acq Corp Ii (TVAIR) had a return on assets of 1.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Thayer Ventures Acq Corp Ii's debt-to-equity ratio negative or unusual?
Thayer Ventures Acq Corp Ii (TVAIR) 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.
Are Thayer Ventures Acq Corp Ii's earnings high quality?
Thayer Ventures Acq Corp Ii (TVAIR) 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.
How financially healthy is Thayer Ventures Acq Corp Ii?
Thayer Ventures Acq Corp Ii (TVAIR) scores 9 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.