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AAM-UN

AA Mission Acquisition Corp.

AAM-UN

AA Mission Acquisition Corp. • NYSE
$10.50 ▲ 0.00% (+0.00)
Market Cap $462.37 M
52w High $11.27
52w Low $10.06
Dividend Yield 0%
P/E 0
Volume 1
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

Revenue by Products

Product Q2-2023Q3-2023Q4-2023Q1-2024
Driveline
Driveline
 $1.09Bn ▲$1.06Bn ▼$1.02Bn ▼$1.11Bn ▲
Metal Forming
Metal Forming
 $630.00M ▲$620.00M ▼$580.00M ▼$640.00M ▲

Five-Year Company Overview

Income Statement

Income Statement The income statement shows a small, steadily growing business with improving profitability, but on a very modest scale. Revenue has inched up each year, and core operating profits have generally stayed positive after an earlier weak period. Earnings have swung from losses to small profits, suggesting better cost control and more disciplined operations. That said, this is a SPAC-style, shell-like entity, so these figures likely reflect interest income and limited operating activity rather than a true operating business. The margin profile looks reasonable for a lean vehicle, but it does not yet tell you much about how a future acquired company might perform. Overall, the historical income statement looks stable and improving, but not yet strategically important.

Balance Sheet

Balance Sheet The balance sheet is relatively simple and fairly steady over time. Total assets have drifted down slightly, suggesting some use of capital but no major expansion. Cash levels are stable rather than large, which is typical if funds are mainly held in secure instruments rather than on the operating balance sheet. Debt is significant compared with the company’s equity base, even though it has started to trend down. Equity has been edging up, which is a positive sign, but the capital structure is still quite leveraged for such a small platform. As with many SPACs, the quality and size of the balance sheet will matter far more after a deal is completed than it does at this shell stage.

Cash Flow

Cash Flow Cash flow from operations has been consistently positive, which indicates the current structure covers its own running costs and generates a bit of surplus cash. Free cash flow is also positive, even after a modest but regular level of capital spending. Capital expenditures are small, underlining that this is not an asset-heavy operating company but more of a financial vehicle. The pattern suggests a disciplined, low-intensity cash profile with no obvious strain. However, the future cash story will depend almost entirely on the business that is ultimately acquired.

Competitive Edge

Competitive Edge Right now, AA Mission Acquisition Corp.’s competitive position is more about people and strategy than about products or brands. As a SPAC, it competes with other blank-check companies, private equity funds, and strategic buyers that are also trying to secure attractive targets in Asia. Its main edge appears to be management’s experience and network in the Chinese and broader Asian markets, combined with a clear focus on the food and beverage sector. Targeting a specific, fast-growing area can be a strength because it allows for deeper sector insight and better access to potential deals. The flip side is that competition for quality targets in this space is intense, and timing, valuation, and regulatory complexity in cross-border deals all pose real execution risks.

Innovation and R&D

Innovation and R&D This vehicle does not run traditional research and development, nor does it own proprietary technology at this stage. Its “innovation” is strategic: using the SPAC structure and the team’s regional network to find and scale a promising company in Asia’s food and beverage market. The focus on high-growth niches such as plant-based proteins, functional foods, convenience formats, premium brands, and food-tech platforms shows a forward-looking approach. Any durable moat will ultimately rest on the quality of the company it acquires—its brands, technology, distribution, and consumer loyalty—rather than on the SPAC itself. Until a target is announced, the main intangible asset is the sponsor team’s deal-making and sector expertise.

Summary

AA Mission Acquisition Corp. today is essentially a cash-and-structure platform with modest, improving financials and limited operating substance of its own. The historical numbers look stable and reasonably well managed, but they are small and largely reflect a shell structure, not a mature business. The real story will begin once a merger target is identified in the Asian food and beverage space. At that point, the risk/return profile will shift from evaluating a low-complexity financial vehicle to assessing a specific operating company—its growth prospects, profitability, balance sheet health, competitive moat, and execution risk. Until then, the key factors to watch are deal selection, terms of any transaction, and the management team’s ability to close and integrate a high-quality business in a competitive, fast-moving market.