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Vendome Acquisition Corporation I (VNME) Financials

VNME
Trailing 12 months to June 30, 2026
Revenue Not reported for the trailing 12 months
Net Income $7.1M YoY not available
EPS (Diluted) Not reported for the trailing 12 months
Operating Cash Flow -$823K YoY not available
Market Cap $257.5M as of Sep 15, 2026
Price / Sales n/m no revenue reported
Price / Earnings 36.5x on $7.1M net income, trailing 12 months to June 30, 2026
Price / Book n/m outside the range published as a multiple, on $241K equity, Q2 FY2026

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.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 12, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VNME SEC filings page.

This page shows Vendome Acquisition Corporation 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).

Rhea AI VNME FY2025

The dominant mechanic is a liability-funded investment vehicle where financing inflows largely offset deployments, not recurring operating revenue.

In FY2025, the company reported net income of $3.9M but operating cash flow of -$787K. That divergence means reported earnings were not converted into operating cash during the year, so the profit line is better read alongside investment and financing activity than as evidence of a recurring operating engine.

Liabilities of $204.2M against assets of $204.6M leave a very thin equity cushion. With equity of only $405K and debt-to-equity at 504.6x, the balance sheet is structurally dependent on liabilities rather than shareholder capital.

Investing cash flow used $200.0M, while financing supplied $201.1M, indicating that capital raising largely funded deployment rather than internally generated operations. The 3.4x current ratio shows short-term assets exceeded current obligations, but that liquidity measure does not resolve the broader solvency imbalance; revenue and margin data are not reported.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Financial health score not available

Vendome Acquisition Corporation I 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.

Earnings Quality No Cash Backing

For every $1 of reported earnings, Vendome Acquisition Corporation I used $0.20 of operating cash (-$787K OCF vs $3.9M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.

Key Financial Metrics

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Earnings & Revenue

Net Income
$1.6M
QoQ-1.0%

Vendome Acquisition Corporation I reported $1.6M in net income in Q2 2026. Against the prior quarter it is down 1.0%.

Revenue

Not reported for Q2 2026.

EBITDA

Not reported for Q2 2026.

EPS (Diluted)

Not reported for Q2 2026.

Cash & Balance Sheet

Cash & Debt
$302K
YoY+310.3%
QoQ-26.0%

Vendome Acquisition Corporation I held $302K in cash as of Q2 2026; long-term debt is not reported for that period.

Free Cash Flow

Not reported for Q2 2026.

Dividends Per Share

Not reported for Q2 2026.

Shares Outstanding

Not reported for Q2 2026.

Margins & Returns

Return on Equity
659.0%
YoY+659.0pp
QoQ+292.7pp

Vendome Acquisition Corporation I's ROE was 659.0% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 659.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 292.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Net Margin

Not reported for Q2 2026.

Capital Allocation

None of these metrics is reported for Q2 2026.

VNME 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.

VNME quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-KQ2'2510-QQ1'2510-Q
Net Income$1.6M$1.6M$2.0M$1.8M$0$0
EPS (Basic)N/AN/AN/AN/A$0.00$0.00
EPS (Diluted)N/AN/AN/AN/A$0.00$0.00
Diluted Shares (Avg)N/AN/AN/AN/A5M2M

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EBITDA, Interest Expense, Income Tax.

VNME 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.

VNME quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-KQ2'2510-QQ1'2510-Q
Total Assets$207.9M+21604.5%$206.3M+61647.2%$204.6M$202.8M$958K$334K
Current Assets$520K+606.6%$695K+5284.6%$574K$717K$74K$13K
Cash & Equivalents$302K+310.3%$408K$305K$400K$74K$0
Short-Term Investments$0$0$0$0$0$0
Long-Term Investments$0$0$0$0$0$0
Total Liabilities$207.7M+22160.4%$205.9M+66499.9%$204.2M$202.5M$933K$309K
Current Liabilities$279K-70.0%$257K-16.7%$169K$398K$933K$309K
Non-Current Liabilities$207.4M$205.6M$204.0M$202.1M$0$0
Total Equity$241K+862.2%$437K+1649.2%$405K$319K$25K$25K
Retained Earnings$240K$437K$404K$319K$0$0

Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.

VNME 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.

VNME quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-KQ2'2510-QQ1'2510-Q
Operating Cash Flow-$136K+39.9%-$126K-$155K-$405K-$226K$0
Investing Cash Flow$0$200K$0-$200.3MN/AN/A
Financing Cash Flow$30K$30K$60K$201.0M$0$0

Not reported in any period shown, so not listed: Depreciation & Amortization, Stock-Based Compensation, Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.

VNME 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.

VNME quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-KQ3'2510-KQ2'2510-QQ1'2510-Q
Return on Equity659.0%+659.0pp366.3%+366.3pp506.5%570.6%0.0%0.0%
Return on Assets0.8%+0.8pp0.8%+0.8pp1.0%0.9%0.0%0.0%
Current Ratio1.86+1.8x2.70+2.7x3.391.800.080.04
Debt-to-Equity863.26+825.9x470.75+458.4x504.60634.5437.3212.36

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Asset Turnover, FCF Margin.

Frequently Asked Questions

Is Vendome Acquisition Corporation I profitable?

Yes, Vendome Acquisition Corporation I (VNME) reported a net income of $3.9M in fiscal year 2025.

What is Vendome Acquisition Corporation I's return on equity (ROE)?

Vendome Acquisition Corporation 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 Corporation I's operating cash flow?

Vendome Acquisition Corporation I (VNME) recorded an outflow of $787K in operating cash flow during fiscal year 2025, representing cash used by core business activities.

Vendome Acquisition Corporation I (VNME) had $204.6M in total assets as of fiscal year 2025, including both current and long-term assets.

Vendome Acquisition Corporation I (VNME) had a current ratio of 3.39 as of fiscal year 2025, which is generally considered healthy.

Vendome Acquisition Corporation 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.

Vendome Acquisition Corporation 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.

Vendome Acquisition Corporation I (VNME) trades at 36.5x earnings, its market capitalization divided by net income of $7.1M net income, trailing 12 months to June 30, 2026. The market capitalization is $257.5M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Vendome Acquisition Corporation I (VNME) has no price-to-sales ratio at the moment: no revenue reported. The market capitalization is $257.5M as of Sep 15, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

For every $1 of reported earnings, Vendome Acquisition Corporation I (VNME) used $0.20 of operating cash (-$787K OCF vs $3.9M 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.

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