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TWELVE SEAS INVT CO III Financials

TWLV
Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows TWELVE SEAS INVT CO 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).

Rhea AI TWLV FY2025

Capital raised is being deployed almost immediately, while minimal operating activity leaves the statements dominated by balance-sheet mechanics.

Reported profit quality is weak: net income was $37K even though operating income was -$229K. With operating cash flow also at -$252K and SG&A essentially matching the operating loss, the positive bottom line looks driven by non-operating accounting items while the visible cost base resembles maintenance overhead, not an active revenue engine.

A funding-to-deployment pattern dominates the cash flow statement: financing brought in $173.4M while investing used $172.5M. With ending cash of just $694K, the entity appears structured to move capital into positions or transactions rather than build liquidity from operations, which is very different from a customer-funded business.

Short-term liquidity looks comfortable, with a current ratio of 4.6x and current liabilities of only $173K, but that does not make the balance sheet strong. Negative equity of -$6.2M means total liabilities exceed total assets, so near-term bills look manageable even while the overall capital base remains inverted.

Generated by Rhea from SEC filings [ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 15 / 100
Financial Profile 15/100

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 TWELVE SEAS INVT CO III'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.

Liquidity
92

With a current ratio of 4.63, TWELVE SEAS INVT CO III holds $4.63 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 92/100.

Earnings Quality Low Quality
-6.81x

For every $1 of reported earnings, TWELVE SEAS INVT CO III generates $-6.81 in operating cash flow (-$252K OCF vs $37K 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
$37K

TWELVE SEAS INVT CO III reported $37K in net income in fiscal year 2025.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
N/A
Cash & Debt
$694K

TWELVE SEAS INVT CO III held $694K in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
N/A

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

TWLV Income Statement

Metric Q1'26 Q4'25 Q1'25 Q4'24
Revenue N/A N/A N/A N/A
Cost of Revenue N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A
SG&A Expenses $164K N/A $51K N/A
Operating Income -$164K N/A -$51K N/A
Interest Expense N/A N/A N/A N/A
Income Tax $0 N/A N/A N/A
Net Income $1.4M N/A -$51K N/A
EPS (Diluted) N/A N/A N/A N/A

TWLV Balance Sheet

Metric Q1'26 Q4'25 Q1'25 Q4'24
Total Assets $175.0M+0.8% $173.6M N/A $82K
Current Assets $673K-16.1% $803K N/A $35K
Cash & Equivalents $496K-28.5% $694K+18618.1% $4K-85.2% $25K
Inventory N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A
Goodwill N/A N/A N/A N/A
Total Liabilities $181.4M+0.9% $179.8M N/A $74K
Current Liabilities $189K+9.3% $173K N/A $74K
Long-Term Debt N/A N/A N/A N/A
Total Equity -$6.4M-2.7% -$6.2M-14324.0% -$43K-652.8% $8K
Retained Earnings -$6.4M-2.7% -$6.2M N/A -$17K

TWLV Cash Flow Statement

Metric Q1'26 Q4'25 Q1'25 Q4'24
Operating Cash Flow -$198K N/A N/A N/A
Capital Expenditures N/A N/A N/A N/A
Free Cash Flow N/A N/A N/A N/A
Investing Cash Flow N/A N/A N/A N/A
Financing Cash Flow N/A N/A -$21K N/A
Dividends Paid N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A

TWLV Financial Ratios

Metric Q1'26 Q4'25 Q1'25 Q4'24
Gross Margin N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A
Net Margin N/A N/A N/A N/A
Return on Equity N/A N/A N/A N/A
Return on Assets 0.8% N/A N/A N/A
Current Ratio 3.55-1.1 4.63 N/A 0.47
Debt-to-Equity -28.50+0.5 -29.01 N/A 9.54
FCF Margin N/A N/A N/A N/A

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.

Frequently Asked Questions

Yes, TWELVE SEAS INVT CO III (TWLV) reported a net income of $37K in fiscal year 2025.

TWELVE SEAS INVT CO III (TWLV) generated -$252K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

TWELVE SEAS INVT CO III (TWLV) had $173.6M in total assets as of fiscal year 2025, including both current and long-term assets.

TWELVE SEAS INVT CO III (TWLV) had a current ratio of 4.63 as of fiscal year 2025, which is generally considered healthy.

TWELVE SEAS INVT CO III (TWLV) had a debt-to-equity ratio of -29.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

TWELVE SEAS INVT CO 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.

Based on fiscal year 2025 data, TWELVE SEAS INVT CO III (TWLV) had $694K in cash against an annual operating cash burn of $252K. This gives an estimated cash runway of approximately 33 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

TWELVE SEAS INVT CO III (TWLV) has negative shareholder equity of -$6.2M 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.

TWELVE SEAS INVT CO III (TWLV) has an earnings quality ratio of -6.81x, 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.

TWELVE SEAS INVT CO III (TWLV) scores 15 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.

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