BLUWU
BLUWU
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 earned a large profit this quarter, mainly from interest income. Earnings per share improved, and there are no debt or tax burdens.
What's concerning?
BLUWU still has zero revenue and growing operating losses. The profit is not from business activity, and the big jump 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?
They have no debt at all and hold $257 million in cash and short-term investments. Their assets are high quality and liquid, and shareholder equity is strong and growing.
What are the financial risks or weaknesses?
Retained earnings are negative, showing past losses, and accrued expenses jumped sharply this quarter. The company also relies on issuing new shares for funding.
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?
The company still has some cash on hand ($759,229) and is not taking on new debt. Working capital changes helped cash flow this quarter.
What are the cash flow concerns?
BLUWU is burning through cash faster than before, reported profits are not backed by real cash, and the company is starting to rely on outside funding. The cash balance is getting tight.
About Blue Water Acquisition Corp III
https://bluewateracquisition.com/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 earned a large profit this quarter, mainly from interest income. Earnings per share improved, and there are no debt or tax burdens.
What's concerning?
BLUWU still has zero revenue and growing operating losses. The profit is not from business activity, and the big jump 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?
They have no debt at all and hold $257 million in cash and short-term investments. Their assets are high quality and liquid, and shareholder equity is strong and growing.
What are the financial risks or weaknesses?
Retained earnings are negative, showing past losses, and accrued expenses jumped sharply this quarter. The company also relies on issuing new shares for funding.
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?
The company still has some cash on hand ($759,229) and is not taking on new debt. Working capital changes helped cash flow this quarter.
What are the cash flow concerns?
BLUWU is burning through cash faster than before, reported profits are not backed by real cash, and the company is starting to rely on outside funding. The cash balance is getting tight.
CEO
Joseph Hernandez