CRAQ
CRAQ
Cal Redwood Acquisition Corp. Class A Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $128.63K ▲ | $2.34M ▲ | 0% | $0.07 ▲ | $-128.63K ▲ |
| Q2-2025 | $0 | $4.08K ▼ | $599.56K ▲ | 0% | $0.04 ▲ | $-268.68K ▼ |
| Q1-2025 | $0 | $42.82K | $-42.82K | 0% | $-0 | $-42.82K |
What's going well?
The company posted a large profit this quarter, mainly due to non-operating income. Operating losses are slightly smaller than last quarter, and there is no debt or tax burden.
What's concerning?
There is still no revenue, the core business is losing money, and the profit is not from actual business activity. The big jump in share count means existing shareholders are being diluted.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $1.15M ▼ | $234.67M ▲ | $9.33M ▲ | $225.33M ▲ |
| Q2-2025 | $1.39M ▲ | $232.31M ▲ | $9.32M ▲ | $222.99M ▲ |
| Q1-2025 | $25K | $211.38K | $229.21K | $-17.82K |
What's financially strong about this company?
The company has almost no debt, a huge equity cushion, and enough cash to easily pay its bills. There are no risky assets like goodwill, and liabilities are a tiny fraction of total assets.
What are the financial risks or weaknesses?
Cash is trending down, and the company has a history of losses as shown by negative retained earnings. The business is issuing new shares, which could dilute current shareholders.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2025 | $-42.82K | $0 | $0 | $25K | $25K | $0 |
What's strong about this company's cash flow?
The company was able to raise $25,000 in cash by issuing new stock, giving it some cash on hand to operate.
What are the cash flow concerns?
The business is not generating any cash from its core activities and is fully dependent on selling shares to survive. This is risky and unsustainable if investors lose interest.
About Cal Redwood Acquisition Corp. Class A Ordinary Shares
A blank‑check company (SPAC) incorporated in Delaware in 2025, formed to complete a business combination—primarily targeting companies in the Technology, Media & Telecommunications (TMT) sector or other technology‑disrupted industries.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $128.63K ▲ | $2.34M ▲ | 0% | $0.07 ▲ | $-128.63K ▲ |
| Q2-2025 | $0 | $4.08K ▼ | $599.56K ▲ | 0% | $0.04 ▲ | $-268.68K ▼ |
| Q1-2025 | $0 | $42.82K | $-42.82K | 0% | $-0 | $-42.82K |
What's going well?
The company posted a large profit this quarter, mainly due to non-operating income. Operating losses are slightly smaller than last quarter, and there is no debt or tax burden.
What's concerning?
There is still no revenue, the core business is losing money, and the profit is not from actual business activity. The big jump in share count means existing shareholders are being diluted.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $1.15M ▼ | $234.67M ▲ | $9.33M ▲ | $225.33M ▲ |
| Q2-2025 | $1.39M ▲ | $232.31M ▲ | $9.32M ▲ | $222.99M ▲ |
| Q1-2025 | $25K | $211.38K | $229.21K | $-17.82K |
What's financially strong about this company?
The company has almost no debt, a huge equity cushion, and enough cash to easily pay its bills. There are no risky assets like goodwill, and liabilities are a tiny fraction of total assets.
What are the financial risks or weaknesses?
Cash is trending down, and the company has a history of losses as shown by negative retained earnings. The business is issuing new shares, which could dilute current shareholders.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2025 | $-42.82K | $0 | $0 | $25K | $25K | $0 |
What's strong about this company's cash flow?
The company was able to raise $25,000 in cash by issuing new stock, giving it some cash on hand to operate.
What are the cash flow concerns?
The business is not generating any cash from its core activities and is fully dependent on selling shares to survive. This is risky and unsustainable if investors lose interest.
CEO
Daven Patel
Compensation Summary
(Year )
Ratings Snapshot
Rating : B-
Price Target
Institutional Ownership
METEORA CAPITAL, LLC
Shares:2.28M
Value:$23.2M
TORONTO DOMINION BANK
Shares:1.28M
Value:$13.04M
TENOR CAPITAL MANAGEMENT CO., L.P.
Shares:1.2M
Value:$12.23M
Summary
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