Twelve Seas Investment Company III (TWLV) 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 17, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TWLV SEC filings page.
This page shows Twelve Seas Investment Company III (TWLV) 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).
The reported balance sheet is dominated by financing and investment flows, while operating activity remains too small to explain its scale.
Although the current ratio is 4.6x, current assets are only$803K , so short-term coverage does not describe the full balance-sheet burden. Total liabilities are$179.8M , while investment outflow nearly matched financing inflow, indicating that the reported scale was established through financing activity rather than operating cash generation.
Earnings quality is weak in the reported period: net income was
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Twelve Seas Investment Company III 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, Twelve Seas Investment Company III used $6.81 of operating cash (-$252K OCF vs $37K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Twelve Seas Investment Company III reported $1.4M in net income in Q2 2026. This represents an increase of 4622.3% from the same quarter a year earlier. Against the prior quarter it is up 3.2%.
Not reported for Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Cash & Balance Sheet
Twelve Seas Investment Company III held $392K 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.
TWLV 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.
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, EBITDA, Interest Expense, EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
TWLV 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 | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|
| Total Assets | $176.4M | $175.0M | $173.6M+211795.3% | N/A | N/A | $82K |
| Current Assets | $547K | $673K | $803K+2212.7% | N/A | N/A | $35K |
| Cash & Equivalents | $392K+14321.3% | $496K+13274.4% | $694K+2665.2% | $3K | $4K | $25K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $182.9M | $181.4M | $179.8M+242369.6% | N/A | N/A | $74K |
| Current Liabilities | $180K | $189K | $173K+133.8% | N/A | N/A | $74K |
| Non-Current Liabilities | $182.7M | $181.2M | $179.7M | N/A | N/A | $0 |
| Total Equity | -$6.5M-8672.6% | -$6.4M-14706.6% | -$6.2M-79832.5% | -$74K | -$43K | $8K |
| Retained Earnings | -$6.5M | -$6.4M | -$6.2M-35899.9% | N/A | N/A | -$17K |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
TWLV 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, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Investing Cash Flow, Dividends Paid, Share Buybacks.
TWLV 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, Asset Turnover, FCF Margin.
Note: Shareholder equity is negative (-$6.2M), 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.
Where Twelve Seas Investment Company III Ranks
Frequently Asked Questions
Is Twelve Seas Investment Company III profitable?
Yes, Twelve Seas Investment Company III (TWLV) reported a net income of $37K in fiscal year 2025.
What is Twelve Seas Investment Company III's operating cash flow?
Twelve Seas Investment Company III (TWLV) recorded an outflow of $252K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Twelve Seas Investment Company III's total assets?
Twelve Seas Investment Company III (TWLV) had $173.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Twelve Seas Investment Company III's current ratio?
Twelve Seas Investment Company III (TWLV) had a current ratio of 4.63 as of fiscal year 2025, which is generally considered healthy.
What is Twelve Seas Investment Company III's return on assets (ROA)?
Twelve Seas Investment Company III (TWLV) had a return on assets of 0.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Twelve Seas Investment Company III's P/E ratio?
Twelve Seas Investment Company III (TWLV) has no price-to-earnings ratio at the moment: outside the range published as a multiple (on $37K net income, FY2025). The market capitalization is $236.0M 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 Twelve Seas Investment Company III's price-to-sales ratio?
Twelve Seas Investment Company III (TWLV) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $236.0M 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 Twelve Seas Investment Company III's debt-to-equity ratio negative or not reported?
Twelve Seas Investment Company III (TWLV) has negative shareholder equity of -$6.2M 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 Twelve Seas Investment Company III's earnings high quality?
For every $1 of reported earnings, Twelve Seas Investment Company III (TWLV) used $6.81 of operating cash (-$252K OCF vs $37K net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely. 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.