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DAAQ

Digital Asset Acquisition Corp.

DAAQ

Digital Asset Acquisition Corp. • NASDAQ
$10.16 ▼ -0.12% (-0.01)
Market Cap $233.62 M
52w High $11.24
52w Low $10.05
Dividend Yield 0%
P/E 0
Volume 44.45K
Outstanding Shares 23.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $116.692K ▼ $1.691M ▲ 0% $0.098 ▲ $0 ▲
Q2-2025 $0 $118.212K ▲ $1.029M ▲ 0% $0.06 ▲ $-118.212K ▼
Q1-2025 $0 $54.616K $-54.616K 0% $-0.003 $-54.616K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.15M ▲ $176.74M ▲ $7.036M ▼ $-5.762M ▼
Q2-2025 $0 $175.067M ▲ $7.053M ▲ $168.013M ▲
Q1-2025 $0 $201.17K $235.898K $-34.728K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow

Five-Year Company Overview

Income Statement

Income Statement Digital Asset Acquisition Corp. is a blank‑check company, so its current income statement is essentially empty from a business standpoint. It has no real revenue, no operating business, and only very small costs related to being public and searching for a deal. The tiny loss per share simply reflects these overhead costs spread across the outstanding shares, not the performance of an operating company. Any future income profile will depend entirely on the business it eventually merges with, so today’s income figures mostly tell you that the SPAC is still in its pre‑merger phase.

Balance Sheet

Balance Sheet The balance sheet of a SPAC like DAAQ is dominated by cash raised in its offering and held in trust, offset by the shares and rights it has issued. Operating assets such as property, equipment, or intellectual property are basically absent at this stage. Debt is usually limited, and equity mainly represents investors’ capital parked and waiting for a deal. In simple terms, the balance sheet shows a pool of capital with almost no operating footprint, and its quality will hinge on how carefully that capital is preserved until a transaction is completed or the SPAC is wound down.

Cash Flow

Cash Flow Current cash flows primarily reflect small outflows for legal, regulatory, and administrative costs, funded by the capital structure put in place at the IPO. There is essentially no incoming cash from customers because there is no operating business. Future cash generation or cash burn will be entirely determined by the company DAAQ ultimately acquires. Until then, the key cash‑flow question is how efficiently the trust funds are safeguarded and how leanly the sponsor manages ongoing expenses.

Competitive Edge

Competitive Edge Today, DAAQ’s competitive position is not about products or customers but about its ability to source and negotiate an attractive merger in the digital asset and cryptocurrency arena. Its advantages, if any, lie in its management team’s deal‑making experience, sector relationships, and credibility with potential targets. On the other hand, it operates in a crowded SPAC environment and in a highly competitive, fast‑moving crypto ecosystem where strong targets have many financing options. Regulatory uncertainty and rapid technological change in digital assets further increase the difficulty of securing a standout deal.

Innovation and R&D

Innovation and R&D DAAQ itself does not run labs, build software, or conduct traditional research and development. Its “innovation” profile will be inherited from whatever company it chooses to merge with. Because it is focused on digital assets and crypto, the future target’s strength will likely depend on its technology around scalability, security, interoperability, user experience, and regulatory compliance. Until a specific target is announced, it is not possible to assess any real moat, pipeline, or R&D strategy for DAAQ; those will only become clear once the underlying operating business is known.

Summary

Digital Asset Acquisition Corp. is essentially a financial shell: a pool of capital and a sponsor team searching for a digital‑asset‑focused merger. Current financial statements mainly reflect this structure rather than an operating company’s performance. The real story will only begin once a merger target is identified and disclosed. At that point, attention should shift from the SPAC’s bare‑bones numbers to the target’s business model, technology, competitive strengths, regulatory posture, and ability to generate sustainable cash flows in the volatile digital asset space. Until then, the situation is characterized by high uncertainty and heavy dependence on management’s deal selection and execution.