Winvest Acquisition Corp Financials

WINV

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

This page shows Winvest Acquisition Corp (WINV) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WINV FY2025 2026-05-14

Administrative cash burn is easing, but a liability-heavy balance sheet increasingly defines the business more than its operations.

From FY2024 to FY2025, operating cash burn improved from -$975K to -$484K and the net loss narrowed from -$2.23M to -$1.41M, yet current liabilities still climbed from $6.0M to $7.8M while the current ratio slipped from 0.03x to 0.01x. That combination says the entity is consuming less cash day to day, but near-term obligations are tightening faster than the burn is easing.

FY2025 ended with $15.0M of liabilities against only $3.18M of assets, so common equity functions more like a deficit claim than a balance-sheet buffer. That imbalance pushed negative equity to -$11.82M, deeper than -$9.94M a year earlier, showing the shortfall is widening even without rebuilding the asset base.

In FY2025, operating cash outflow of -$484K was far smaller than the net loss of -$1.41M, and the same pattern held in FY2024. So the income statement is not a clean proxy for cash use; the more immediate operating constraint is that cash on hand finished the year at $0, which leaves the entity dependent on balance-sheet actions rather than internally generated liquidity.

Financial Health Signals

Financial Profile 0/100

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 Winvest Acquisition Corp'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

Winvest Acquisition Corp's current ratio of 0.01 is below the typical benchmark, resulting in a score of 0/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Piotroski F-Score Weak

2/9

Winvest Acquisition Corp passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution).

Earnings Quality Low Quality

0.34x

For every $1 of reported earnings, Winvest Acquisition Corp generates $0.34 in operating cash flow (-$484K OCF vs -$1.4M 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

-$1.4M

YoY+36.6%

Winvest Acquisition Corp reported -$1.4M in net income in fiscal year 2025. This represents an increase of 36.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

Winvest Acquisition Corp held $0 in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

YoY+7.7%

Winvest Acquisition Corp had 3M shares outstanding in fiscal year 2025. This represents an increase of 7.7% from the prior year.

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

$518K

YoY-94.9%

Winvest Acquisition Corp spent $518K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 94.9% from the prior year.

Capital Expenditures

N/A

WINV Income Statement

Metric	FY25	FY24	FY23	FY22
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	N/A	N/A	N/A	N/A
Operating Income	-$1.5M+41.7%	-$2.6M-45.8%	-$1.8M-33.5%	-$1.3M
Interest Expense	N/A	N/A	N/A	N/A
Income Tax	$13K-83.8%	$80K-39.4%	$132K-58.0%	$314K
Net Income	-$1.4M+36.6%	-$2.2M-94.5%	-$1.1M-406.4%	-$227K
EPS (Diluted)	N/A	N/A	N/A	$-0.08

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	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	-$183K	N/A	-$319K-1.7%	-$314K+57.0%	-$730K	N/A	-$946K-71.1%	-$553K
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2K	N/A	$4K+33.3%	$3K-25.0%	$4K	N/A	$11K-62.1%	$29K
Net Income	-$166K	N/A	-$296K-1.7%	-$292K+58.9%	-$709K	N/A	-$884K-100.8%	-$440K
EPS (Diluted)	$-0.06	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WINV Balance Sheet

Metric	FY25	FY24	FY23	FY22
Total Assets	$3.2M-4.6%	$3.3M-73.8%	$12.7M-36.2%	$19.9M
Current Assets	$98K-50.0%	$195K-28.0%	$271K-26.0%	$366K
Cash & Equivalents	$0	$0-100.0%	$38K-57.0%	$88K
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	$15.0M+13.0%	$13.3M-31.8%	$19.5M-20.6%	$24.5M
Current Liabilities	$7.8M+29.7%	$6.0M+101.1%	$3.0M+221.7%	$929K
Long-Term Debt	N/A	N/A	N/A	N/A
Total Equity	-$11.8M-18.9%	-$9.9M-47.4%	-$6.7M-47.0%	-$4.6M
Retained Earnings	-$11.8M-18.9%	-$9.9M-47.4%	-$6.7M-47.0%	-$4.6M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$3.0M-4.8%	$3.2M+2.0%	$3.1M-11.4%	$3.5M+2.7%	$3.4M+2.7%	$3.3M-43.3%	$5.9M+1.5%	$5.8M
Current Assets	$186K+90.4%	$98K-33.8%	$147K-4.0%	$154K-9.2%	$169K-13.2%	$195K+107.5%	$94K-44.8%	$170K
Cash & Equivalents	$0	$0	N/A	N/A	$580	$0-100.0%	$548+14.9%	$477
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	$15.0M-0.2%	$15.0M+2.0%	$14.7M+0.2%	$14.7M+3.5%	$14.2M+6.9%	$13.3M-10.5%	$14.8M+8.3%	$13.7M
Current Liabilities	$8.0M+2.7%	$7.8M+2.4%	$7.6M+5.7%	$7.2M+5.8%	$6.8M+13.3%	$6.0M+19.6%	$5.0M+24.0%	$4.1M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$11.9M-1.0%	-$11.8M-2.0%	-$11.6M-3.8%	-$11.2M-3.7%	-$10.8M-8.3%	-$9.9M-11.0%	-$9.0M-13.2%	-$7.9M
Retained Earnings	-$11.9M-1.0%	-$11.8M-2.0%	-$11.6M-3.8%	-$11.2M-3.7%	-$10.8M-8.3%	-$9.9M-11.0%	-$9.0M-13.2%	-$7.9M

WINV Cash Flow Statement

Metric	FY25	FY24	FY23	FY22
Operating Cash Flow	-$484K+50.4%	-$975K+22.3%	-$1.3M-135.1%	-$534K
Capital Expenditures	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A
Investing Cash Flow	$158K-98.4%	$9.7M+23.5%	$7.9M-92.0%	$98.0M
Financing Cash Flow	$326K+103.7%	-$8.8M-31.8%	-$6.7M+93.2%	-$97.9M
Dividends Paid	N/A	N/A	N/A	N/A
Share Buybacks	$518K-94.9%	$10.2M+26.4%	$8.0M	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	-$251K-188.7%	-$87K+0.7%	-$88K+4.3%	-$92K+58.0%	-$218K-11.5%	-$195K+15.3%	-$230K+48.8%	-$450K
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	$261K+389.9%	-$90K-121.4%	$421K+606.1%	-$83K+7.6%	-$90K-103.3%	$2.7M+3112.8%	-$90K-101.2%	$7.2M
Financing Cash Flow	$40K-77.4%	$177K+153.1%	-$333K-291.4%	$174K-43.4%	$308K+112.2%	-$2.5M-885.1%	$321K+104.7%	-$6.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$192K	$0-100.0%	$511K	N/A	N/A	$2.8M	$0	N/A

WINV Financial Ratios

Metric	FY25	FY24	FY23	FY22
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	-44.4%+22.4pp	-66.8%-57.8pp	-9.0%-7.9pp	-1.1%
Current Ratio	0.01-0.0	0.03-0.1	0.09-0.3	0.39
Debt-to-Equity	-1.27+0.1	-1.34+1.6	-2.89+2.5	-5.35
FCF Margin	N/A	N/A	N/A	N/A

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	N/A
Return on Assets	-5.5%	N/A	-9.5%-1.2pp	-8.3%+12.4pp	-20.7%	N/A	-15.0%-7.4pp	-7.6%
Current Ratio	0.02+0.0	0.010.0	0.020.0	0.020.0	0.020.0	0.03+0.0	0.02-0.0	0.04
Debt-to-Equity	-1.25+0.0	-1.270.0	-1.27+0.0	-1.320.0	-1.32+0.0	-1.34+0.3	-1.66+0.1	-1.73
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Note: Shareholder equity is negative (-$11.8M), 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.

Note: The current ratio is below 1.0 (0.01), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

Is Winvest Acquisition Corp profitable?

No, Winvest Acquisition Corp (WINV) reported a net income of -$1.4M in fiscal year 2025.

What is Winvest Acquisition Corp's operating cash flow?

Winvest Acquisition Corp (WINV) generated -$484K in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Winvest Acquisition Corp's total assets?

Winvest Acquisition Corp (WINV) had $3.2M in total assets as of fiscal year 2025, including both current and long-term assets.

Does Winvest Acquisition Corp buy back shares?

Yes, Winvest Acquisition Corp (WINV) spent $518K on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Winvest Acquisition Corp have outstanding?

Winvest Acquisition Corp (WINV) had 3M shares outstanding as of fiscal year 2025.

What is Winvest Acquisition Corp's current ratio?

Winvest Acquisition Corp (WINV) had a current ratio of 0.01 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.

What is Winvest Acquisition Corp's debt-to-equity ratio?

Winvest Acquisition Corp (WINV) had a debt-to-equity ratio of -1.27 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Winvest Acquisition Corp's return on assets (ROA)?

Winvest Acquisition Corp (WINV) had a return on assets of -44.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Winvest Acquisition Corp's cash runway?

Based on fiscal year 2025 data, Winvest Acquisition Corp (WINV) had $0 in cash against an annual operating cash burn of $484K. This gives an estimated cash runway of approximately 0 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.

Why is Winvest Acquisition Corp's debt-to-equity ratio negative or unusual?

Winvest Acquisition Corp (WINV) has negative shareholder equity of -$11.8M 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.

What is Winvest Acquisition Corp's Piotroski F-Score?

Winvest Acquisition Corp (WINV) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Winvest Acquisition Corp's earnings high quality?

Winvest Acquisition Corp (WINV) has an earnings quality ratio of 0.34x, 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 Winvest Acquisition Corp?

Winvest Acquisition Corp (WINV) scores 0 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.