Armada Acquisition Corp Ii Financials
This page shows Armada Acquisition Corp Ii (XRPN) 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).
Reported earnings were shaped more by balance-sheet financing flows than by any operating engine in FY2025.
Net income of$1.8M sat alongside an operating loss of-$1.7M and negative operating cash flow of-$349K , which means the year’s profit did not reflect cash-generating operations. At the same time,-$231.2M of investing outflow was almost fully offset by$231.9M of financing inflow, showing that FY2025 was driven primarily by capital moving across the balance sheet rather than by an underlying business producing cash.
Liquidity was tight despite a large asset base: current assets of
Some figures from recent filings were inconsistent and were omitted from this summary.
Financial Health Signals
Armada Acquisition Corp Ii 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, Armada Acquisition Corp Ii used $0.20 of operating cash (-$349K OCF vs $1.8M net income). Earnings that no cash stands behind rest on accounting accruals, which cannot be repeated indefinitely.
Key Financial Metrics
Earnings & Revenue
Armada Acquisition Corp Ii reported $1.8M in net income in fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Armada Acquisition Corp Ii held $361K in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
None of these metrics is reported for fiscal year 2025.
Capital Allocation
None of these metrics is reported for fiscal year 2025.
XRPN Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|
| SG&A Expenses | $504K-48.3% | $974K-66.5% | $2.9M | N/A | $96K+13469.3% | $706-98.5% | $46K |
| Operating Income | -$504K+48.3% | -$974K+66.5% | -$2.9M | N/A | -$96K-13469.3% | -$706+98.5% | -$46K |
| Net Income | $1.6M+43.7% | $1.1M+287.4% | -$604K | N/A | $887K+125758.1% | -$706+98.5% | -$46K |
Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Interest Expense, Income Tax, EPS (Diluted).
XRPN Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|
| Total Assets | $241.3M+0.9% | $239.3M+0.8% | $237.4M+0.9% | $235.2M+1.0% | $232.9M | N/A | N/A |
| Current Assets | $178K-34.5% | $272K-39.0% | $446K-18.8% | $549K-23.4% | $716K | N/A | N/A |
| Cash & Equivalents | $55K-38.5% | $89K-69.1% | $287K-20.5% | $361K-24.7% | $480K+127773.6% | $375 | $0 |
| Total Liabilities | $255.9M+1.0% | $253.3M+1.2% | $250.4M+2.1% | $245.3M+1.6% | $241.5M | N/A | N/A |
| Current Liabilities | $5.5M+8.1% | $5.1M+18.8% | $4.3M+188.0% | $1.5M+862.6% | $154K | N/A | N/A |
| Total Equity | -$14.5M-3.6% | -$14.0M-7.5% | -$13.1M-28.6% | -$10.1M-18.2% | -$8.6M-39828.7% | -$21K-3.4% | -$21K |
| Retained Earnings | -$14.5M-3.6% | -$14.0M-7.5% | -$13.1M-28.6% | -$10.1M-18.2% | -$8.6M | N/A | N/A |
Not reported in any period shown, so not listed: Inventory, Accounts Receivable, Goodwill, Long-Term Debt.
XRPN Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$34K+82.8% | -$198K-168.0% | -$74K-11.2% | -$67K+74.1% | -$257K-904.8% | -$26K | $0 |
| Investing Cash Flow | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
| Financing Cash Flow | $0 | N/A | N/A | -$52K-100.0% | $231.9M | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid, Share Buybacks.
XRPN Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|
| Return on Assets | 0.7%+0.2pp | 0.5%+0.7pp | -0.3% | N/A | 0.4% | N/A | N/A |
| Current Ratio | 0.030.0x | 0.05-0.1x | 0.10-0.3x | 0.37-4.3x | 4.66 | N/A | N/A |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Return on Equity, Debt-to-Equity, FCF Margin.
Note: Shareholder equity is negative (-$10.1M), 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 (0.37), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Where Armada Acquisition Corp Ii Ranks
Frequently Asked Questions
Is Armada Acquisition Corp Ii profitable?
Yes, Armada Acquisition Corp Ii (XRPN) reported a net income of $1.8M in fiscal year 2025.
What is Armada Acquisition Corp Ii's operating cash flow?
Armada Acquisition Corp Ii (XRPN) recorded an outflow of $349K in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Armada Acquisition Corp Ii's total assets?
Armada Acquisition Corp Ii (XRPN) had $235.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Armada Acquisition Corp Ii's current ratio?
Armada Acquisition Corp Ii (XRPN) had a current ratio of 0.37 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Armada Acquisition Corp Ii's return on assets (ROA)?
Armada Acquisition Corp Ii (XRPN) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Why is Armada Acquisition Corp Ii's debt-to-equity ratio negative or not reported?
Armada Acquisition Corp Ii (XRPN) has negative shareholder equity of -$10.1M 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 Armada Acquisition Corp Ii's earnings high quality?
For every $1 of reported earnings, Armada Acquisition Corp Ii (XRPN) used $0.20 of operating cash (-$349K OCF vs $1.8M 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.