BLUW
BLUW
Blue Water Acquisition Corp IIIIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $423.51K ▲ | $2.29M ▲ | 0% | $0.09 ▲ | $-423.51K ▼ |
| Q2-2025 | $0 | $112.49K ▲ | $444.39K ▲ | 0% | $0.04 ▲ | $-112.49K ▼ |
| Q1-2025 | $0 | $75.82K | $-75.82K | 0% | $-0 | $-75.82K |
What's going well?
The company has strong interest income, suggesting it has a lot of cash or investments. Net income is up sharply this quarter thanks to that interest.
What's concerning?
There is still no revenue, operating losses are growing, and the company is relying on non-business income to show a profit. The massive increase in share count dilutes existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $257.03M ▲ | $257.19M ▲ | $9.15M ▲ | $-8.23M ▼ |
| Q2-2025 | $1.04M ▲ | $254.64M ▲ | $8.88M ▲ | $245.75M ▲ |
| Q1-2025 | $0 ▼ | $132.21K ▼ | $231.58K ▼ | $-99.36K ▲ |
| Q2-2021 | $10.28M ▲ | $28.33M ▲ | $185.74M ▲ | $-354.88M ▼ |
| Q2-2020 | $0 | $62.5K | $38.26K | $24.24K |
What's financially strong about this company?
The company has no debt, a huge pile of cash and short-term investments, and more than enough to cover all its bills. Shareholder equity is strong and growing.
What are the financial risks or weaknesses?
Retained earnings are negative, so the company has not been profitable over its lifetime. The jump in investments may mean they recently raised money rather than earned it.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.29M ▲ | $-280.44K ▼ | $0 | $0 | $-280.44K ▼ | $-280.44K ▼ |
| Q2-2021 | $0 | $-183.66K | $0 | $0 | $-183.66K | $-183.66K |
What's strong about this company's cash flow?
Reported a large net profit this quarter and working capital changes provided a temporary cash boost. No capital spending means less cash tied up in assets.
What are the cash flow concerns?
The company is burning more cash each quarter, profits are not turning into real cash, and cash reserves are running low. Continued losses mean more outside funding will be needed soon.
About Blue Water Acquisition Corp III
Blue Water Acquisition Corp III does not have significant operations. The company intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded in 2020 and is based in Greenwich, Connecticut.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $423.51K ▲ | $2.29M ▲ | 0% | $0.09 ▲ | $-423.51K ▼ |
| Q2-2025 | $0 | $112.49K ▲ | $444.39K ▲ | 0% | $0.04 ▲ | $-112.49K ▼ |
| Q1-2025 | $0 | $75.82K | $-75.82K | 0% | $-0 | $-75.82K |
What's going well?
The company has strong interest income, suggesting it has a lot of cash or investments. Net income is up sharply this quarter thanks to that interest.
What's concerning?
There is still no revenue, operating losses are growing, and the company is relying on non-business income to show a profit. The massive increase in share count dilutes existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $257.03M ▲ | $257.19M ▲ | $9.15M ▲ | $-8.23M ▼ |
| Q2-2025 | $1.04M ▲ | $254.64M ▲ | $8.88M ▲ | $245.75M ▲ |
| Q1-2025 | $0 ▼ | $132.21K ▼ | $231.58K ▼ | $-99.36K ▲ |
| Q2-2021 | $10.28M ▲ | $28.33M ▲ | $185.74M ▲ | $-354.88M ▼ |
| Q2-2020 | $0 | $62.5K | $38.26K | $24.24K |
What's financially strong about this company?
The company has no debt, a huge pile of cash and short-term investments, and more than enough to cover all its bills. Shareholder equity is strong and growing.
What are the financial risks or weaknesses?
Retained earnings are negative, so the company has not been profitable over its lifetime. The jump in investments may mean they recently raised money rather than earned it.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.29M ▲ | $-280.44K ▼ | $0 | $0 | $-280.44K ▼ | $-280.44K ▼ |
| Q2-2021 | $0 | $-183.66K | $0 | $0 | $-183.66K | $-183.66K |
What's strong about this company's cash flow?
Reported a large net profit this quarter and working capital changes provided a temporary cash boost. No capital spending means less cash tied up in assets.
What are the cash flow concerns?
The company is burning more cash each quarter, profits are not turning into real cash, and cash reserves are running low. Continued losses mean more outside funding will be needed soon.
CEO
Joseph Hernandez
Compensation Summary
(Year )
Ratings Snapshot
Rating : C-
Price Target
Institutional Ownership
ANSON FUNDS MANAGEMENT LP
Shares:2.48M
Value:$25.69M
HARRADEN CIRCLE INVESTMENTS, LLC
Shares:1.72M
Value:$17.81M
MAGNETAR FINANCIAL LLC
Shares:1.5M
Value:$15.51M
Summary
Showing Top 3 of 58