Thayer Ventures Acquisition Corporation II Financials
This page shows Thayer Ventures Acquisition Corporation II (TVAIU) 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
We are recalculating Thayer Ventures Acquisition Corporation II's peer-relative financial health score against the latest fiscal year. It will appear here once the refresh completes. 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 $3.9M in net income in fiscal year 2025.
Cash & Balance Sheet
Thayer Ventures Acquisition Corporation II held $0 in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Capital Allocation
TVAIU 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 |
TVAIU 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 |
TVAIU 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 |
TVAIU 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 | N/A | N/A | N/A | N/A | N/A | N/A | 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.
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Frequently Asked Questions
Is Thayer Ventures Acquisition Corporation II profitable?
Yes, Thayer Ventures Acquisition Corporation II (TVAIU) 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 (TVAIU) 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 (TVAIU) 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 (TVAIU) 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 (TVAIU) 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 Acquisition Corporation II's debt-to-equity ratio negative or not reported?
Thayer Ventures Acquisition Corporation II (TVAIU) 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 (TVAIU) 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.