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AAM

AA Mission Acquisition Corp.

AAM

AA Mission Acquisition Corp. • NYSE
$10.56 ▼ -0.38% (-0.04)
Market Cap $465.01 M
52w High $10.79
52w Low $10.04
Dividend Yield 0%
P/E 0
Volume 352
Outstanding Shares 44.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 ▼ $0 ▼ $3.647M ▲ 0% ▼ $0.11 ▲ $3.647M ▼
Q2-2025 $1.536B ▲ $166.763K ▼ $3.56M ▼ 0.232% ▼ $0.1 ▲ $191.5M ▲
Q1-2025 $1.411B ▲ $131.2M ▲ $7.1M ▲ 0.503% ▲ $0.06 ▲ $173.1M ▲
Q4-2024 $1.381B ▼ $118.1M ▼ $-13.7M ▼ -0.992% ▼ $-0.12 ▼ $152.3M ▼
Q3-2024 $1.505B $129.6M $10M 0.664% $0.085 $160M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $748.602K ▼ $365.45M ▲ $10.156M ▲ $-9.236M ▼
Q2-2025 $864.995K ▼ $361.829M ▼ $10.148M ▼ $351.681M ▼
Q1-2025 $549.2M ▼ $5.139B ▲ $4.543B ▲ $596.3M ▲
Q4-2024 $552.9M ▲ $5.06B ▼ $4.497B ▼ $562.8M ▼
Q3-2024 $542.5M $5.328B $4.712B $616.3M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.613M ▲ $-116.393K ▼ $0 ▲ $0 ▲ $-116.393K ▼ $-116.393K ▼
Q2-2025 $-154.047K ▼ $91.9M ▲ $-58.4M ▼ $-6M ▲ $37.3M ▲ $12.847M ▲
Q1-2025 $7.1M ▲ $55.9M ▼ $-40.2M ▲ $-24M ▲ $-3.7M ▼ $-13.4M ▼
Q4-2024 $-12.4M ▼ $151.2M ▲ $-80.6M ▼ $-50.2M ▼ $10.4M ▼ $70.1M ▼
Q3-2024 $10M $143.6M $-79.3M $-47.5M $22.6M $70.4M

Five-Year Company Overview

Income Statement

Income Statement AA Mission Acquisition’s income statement looks small, steady, and fee‑driven rather than like a typical operating business. Revenue has inched up over the past several years, and operating results have generally been positive after an early loss. However, net profit has been tiny and somewhat choppy, with occasional small losses and only modest gains in recent years. This pattern is consistent with a financial vehicle where interest income and deal‑related costs can swing results. Overall, the business has been able to cover its expenses but has not demonstrated strong or durable profitability yet, which is expected for a SPAC that has not completed a major acquisition.

Balance Sheet

Balance Sheet The balance sheet shows a relatively small asset base supported by a mix of cash and significant debt, with only a thin layer of equity. Total assets have drifted slightly lower over time, and cash on hand has been broadly stable but modest. Debt, on the other hand, is large compared with the company’s equity, suggesting meaningful leverage and sensitivity to financing conditions. Equity has improved somewhat from earlier years but remains limited, which gives the company less of a cushion if deal costs or market conditions move against it. In short, the balance sheet is functional for a SPAC structure but not particularly conservative.

Cash Flow

Cash Flow Cash flows are more stable than the earnings figures might suggest. Operating cash flow has been consistently positive and relatively steady, indicating that recurring cash expenses have been manageable. Free cash flow has also been positive, even after a modest and fairly consistent level of capital spending. This points to a business model that does not require heavy investment to keep running, which fits a shell company profile. The flip side is that these cash flows are not yet backed by a substantial operating business, so their long‑term durability will depend on the quality of the eventual acquisition.

Competitive Edge

Competitive Edge As a SPAC, AA Mission Acquisition’s competitive position is not about products or brand; it is about people, networks, and deal access. Its stated focus on food and beverage, with an eye toward Asia, gives it a clear hunting ground and allows the team to lean on sector expertise. The main strengths are the management team’s industry relationships and ability to source attractive targets before others do. The main risks are intense competition from other SPACs and private equity for the same kinds of high‑quality companies, as well as time pressure to complete a deal. Until a target is announced, the company’s competitive position is essentially its sponsor reputation and strategic focus, not a traditional operating moat.

Innovation and R&D

Innovation and R&D AA Mission Acquisition does not conduct traditional R&D or develop its own products. Its “innovation” is primarily financial and strategic: structuring a vehicle that can bring a promising private company—likely in food and beverage—onto public markets, and identifying targets that have their own strong innovation pipelines. The value creation, if it happens, will come from the technology, brands, and business models of the company it eventually acquires. At this stage there is high uncertainty, because none of those future innovations are visible yet; investors are effectively backing the management’s judgment and sourcing capabilities rather than any current R&D engine inside AAM itself.

Summary

Overall, AA Mission Acquisition looks like a typical early‑stage SPAC: modest and relatively steady revenues and cash flows, thin and volatile profitability, a leveraged but workable balance sheet, and no operating business of its own yet. The financials show that the vehicle can cover its costs and generate some positive cash, but they do not yet say much about long‑term earnings power. The real story—and the main source of both risk and opportunity—will be the eventual merger target in the food and beverage space or an adjacent sector, especially in Asia. Success will hinge on the quality of that business, the price paid, and how well the combined company is positioned in its market once public.

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