Vendome Acquisition Corp I Financials
This page shows Vendome Acquisition Corp I (VNME) 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).
Financing and investment flows, not operations, dominate this company, with tiny equity supporting a $204.6M asset base on paper.
The sharpest clue is positive net income of$3.9M alongside negative operating cash flow of-$787K : reported profit did not translate into operating liquidity, so earnings quality is being shaped by non-cash or non-operating effects. That matters more because equity is only$405K , which makes the reported9.6% ROE look stronger than the underlying capital cushion.
A current ratio of 3.4x looks comfortable because current liabilities are only
Cash movement shows a pass-through capital structure:
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 Vendome Acquisition Corp I'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.
Vendome Acquisition Corp I has elevated debt relative to equity (D/E of 504.60), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
With a current ratio of 3.39, Vendome Acquisition Corp I holds $3.39 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 66/100.
Vendome Acquisition Corp I earns a strong 956.4% return on equity (ROE), meaning it generates $956 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100.
For every $1 of reported earnings, Vendome Acquisition Corp I generates $-0.20 in operating cash flow (-$787K 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
Vendome Acquisition Corp I reported $3.9M in net income in fiscal year 2025.
Cash & Balance Sheet
Vendome Acquisition Corp I held $305K in cash against $0 in long-term debt as of fiscal year 2025.
Margins & Returns
Vendome Acquisition Corp I's ROE was 956.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.
Capital Allocation
VNME Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A | N/A |
| Net Income | $1.6M-21.9% | $2.0M+12.6% | $1.8M | $0 | $0 |
| EPS (Diluted) | $0.08 | N/A | N/A | $0.00 | $0.00 |
VNME Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|
| Total Assets | $206.3M+0.8% | $204.6M+0.9% | $202.8M+21070.2% | $958K+186.7% | $334K |
| Current Assets | $695K+21.1% | $574K-20.0% | $717K+874.2% | $74K+470.4% | $13K |
| Cash & Equivalents | $408K+34.0% | $305K-23.8% | $400K+443.2% | $74K | $0 |
| Inventory | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A |
| Goodwill | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $205.9M+0.8% | $204.2M+0.9% | $202.5M+21603.3% | $933K+201.8% | $309K |
| Current Liabilities | $257K+52.2% | $169K-57.5% | $398K-57.4% | $933K+201.8% | $309K |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $437K+8.1% | $405K+26.8% | $319K+1176.3% | $25K0.0% | $25K |
| Retained Earnings | $437K+8.1% | $404K+26.9% | $319K | $0 | $0 |
VNME Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|
| Operating Cash Flow | -$126K+18.5% | -$155K+61.7% | -$405K-79.1% | -$226K | $0 |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $200K | $0 | N/A | N/A | N/A |
| Financing Cash Flow | $30K-50.0% | $60K-100.0% | $200.7M+66810.5% | $300K | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A |
VNME Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A | N/A |
| Return on Equity | 366.3%-140.2pp | 506.5%-64.0pp | 570.6%+570.6pp | 0.0%0.0pp | 0.0% |
| Return on Assets | 0.8%-0.2pp | 1.0%+0.1pp | 0.9%+0.9pp | 0.0%0.0pp | 0.0% |
| Current Ratio | 2.70-0.7 | 3.39+1.6 | 1.80+1.7 | 0.08+0.0 | 0.04 |
| Debt-to-Equity | 470.75-33.8 | 504.60-129.9 | 634.54+597.2 | 37.32+25.0 | 12.36 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A |
Frequently Asked Questions
Is Vendome Acquisition Corp I profitable?
Yes, Vendome Acquisition Corp I (VNME) reported a net income of $3.9M in fiscal year 2025.
What is Vendome Acquisition Corp I's return on equity (ROE)?
Vendome Acquisition Corp I (VNME) has a return on equity of 956.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Vendome Acquisition Corp I's operating cash flow?
Vendome Acquisition Corp I (VNME) generated -$787K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vendome Acquisition Corp I's total assets?
Vendome Acquisition Corp I (VNME) had $204.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Vendome Acquisition Corp I's current ratio?
Vendome Acquisition Corp I (VNME) had a current ratio of 3.39 as of fiscal year 2025, which is generally considered healthy.
What is Vendome Acquisition Corp I's debt-to-equity ratio?
Vendome Acquisition Corp I (VNME) had a debt-to-equity ratio of 504.60 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vendome Acquisition Corp I's return on assets (ROA)?
Vendome Acquisition Corp I (VNME) 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 Vendome Acquisition Corp I's cash runway?
Based on fiscal year 2025 data, Vendome Acquisition Corp I (VNME) had $305K in cash against an annual operating cash burn of $787K. This gives an estimated cash runway of approximately 5 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.
Are Vendome Acquisition Corp I's earnings high quality?
Vendome Acquisition Corp I (VNME) has an earnings quality ratio of -0.20x, 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 Vendome Acquisition Corp I?
Vendome Acquisition Corp I (VNME) scores 28 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.