Logo

ESHA

ESH Acquisition Corp.

ESHA

ESH Acquisition Corp. • NASDAQ
$11.45 ▼ -0.87% (-0.10)
Market Cap $44.57 M
52w High $12.80
52w Low $10.60
Dividend Yield 0%
P/E -24.36
Volume 11.63K
Outstanding Shares 3.89M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $852.868K ▼ $-802.475K ▲ 0% $-0.21 ▲ $0 ▲
Q2-2025 $0 $1.125M ▲ $-1.052M ▼ 0% $-0.27 ▼ $-1.125M ▼
Q1-2025 $0 $301.643K ▲ $-228K ▼ 0% $-0.058 ▼ $-302K ▼
Q4-2024 $0 $294.945K ▲ $659.612K ▼ 0% $0.062 ▼ $-295K ▼
Q3-2024 $0 $206.771K $1.059M 0% $0.072 $-207K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $135.578K ▼ $8.826M ▼ $2.586M ▲ $-2.313M ▼
Q2-2025 $518.354K ▼ $9.027M ▼ $1.984M ▲ $7.043M ▼
Q1-2025 $923.433K ▼ $9.737M ▼ $1.642M ▼ $8.095M ▼
Q4-2024 $1.347M ▼ $9.978M ▼ $1.656M ▲ $8.323M ▲
Q3-2024 $1.46M $125.582M $1.071M $1.691M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $84.825K ▲ $-1.232M ▼ $116.158M ▲ $-115.489M ▼ $-427.845K ▲ $-1.232M ▼
Q2-2025 $-1.939M ▼ $-642.258K ▼ $-74K ▼ $0 ▲ $-716.258K ▼ $10.814K ▲
Q1-2025 $-227.688K ▼ $-383.406K ▲ $319.653K ▼ $-3K ▲ $-66.753K ▲ $-383.406K ▲
Q4-2024 $659.612K ▼ $-1.036M ▼ $116.527M ▲ $-115.692M ▼ $-201.226K ▲ $-1.036M ▼
Q3-2024 $1.059M $-217.962K $0 $0 $-217.962K $-217.962K

Five-Year Company Overview

Income Statement

Income Statement ESHA’s current income statement looks like a typical SPAC: no real operating revenue and some administrative costs, with accounting-driven gains producing reported profit. The apparent earnings do not reflect an operating business; they mostly come from one‑off or non‑core items rather than ongoing sales. As a result, past figures offer very little insight into how the business will look once the merger with The Original Fit Factory closes. The key story here is transition: from a financial shell with essentially no revenue to a future operating wellness and technology company whose income profile is still to be proven.

Balance Sheet

Balance Sheet The balance sheet is very light, again consistent with a shell company. Assets and equity are small in the reported data and there is no meaningful debt shown. This simplicity reduces traditional balance‑sheet risk today but also means there are no operating assets, brands, or infrastructure inside ESHA itself yet. The real balance‑sheet picture that will matter is the one after the combination with The Original Fit Factory, when acquired brands, technology, and any assumed obligations are consolidated. Until then, the current balance sheet mainly reflects a financing vehicle rather than a functioning enterprise.

Cash Flow

Cash Flow Reported cash flow activity is effectively absent, underscoring that ESHA, on its own, is not running a business, hiring at scale, or investing heavily. There is no visible pattern of cash generation or consumption to analyze. Future cash flow quality will depend entirely on the merged company’s ability to turn its wellness ecosystem into recurring revenue while managing the cash demands of technology development, marketing, studio operations, and continued acquisitions. At this stage, cash flow risk and potential are both unknown and will only become clear with post‑merger reporting.

Competitive Edge

Competitive Edge Today, as a SPAC, ESHA has no operating competitive position. The competitive picture is really about The Original Fit Factory, which aims to stand out by offering an integrated wellness ecosystem that spans digital content, wearables, physical studios, nutrition, apparel, and corporate wellness. Its proposed moat rests on a tightly connected platform, a portfolio of acquired niche brands, a high‑profile Reebok partnership, and data‑driven personalization. This combination could create strong customer stickiness if executed well, but it will be tested against very intense competition from established fitness apps, global wearables players, and traditional gyms, all fighting for user attention and engagement.

Innovation and R&D

Innovation and R&D The Original Fit Factory brings a clearly innovation‑driven story to ESHA. Its core technology platform and BiotrackOS system aim to unify health data from multiple devices and turn it into actionable coaching and monitoring, including potential healthcare and enterprise uses. The collaboration with Reebok on a branded app and smart ring adds a recognizable consumer face to this technology, and the company’s track record of acquiring and integrating diverse wellness brands shows a willingness to experiment and scale quickly. Future innovation hinges on successfully launching the smart ring, deepening the data and AI capabilities of BiotrackOS, and continuing to fold new brands and technologies into the ecosystem without losing focus or product quality.

Summary

ESHA is currently a financial shell with minimal operations and largely symbolic historical financials, so its standalone performance says little about its real future. The important shift is the planned merger with The Original Fit Factory, which would turn ESHA into a health and wellness technology platform with ambitions across digital fitness, wearables, physical studios, and corporate wellness. The upside case centers on building a sticky, data‑driven ecosystem powered by strong branding and acquisitions; the risk side revolves around integration challenges, heavy investment needs, intense competition, and an unproven path to sustainable profits and cash generation. Until post‑merger financials and operating metrics are available, the story is mainly about strategic promise and execution uncertainty rather than current fundamentals.