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GDSTW

Goldenstone Acquisition Limited

GDSTW

Goldenstone Acquisition Limited • NASDAQ
$0.09 ▲ 183.33% (+0.06)
Market Cap $292465
52w High $0.09
52w Low $0.01
Dividend Yield 0%
P/E -6.07
Volume 13.40K
Outstanding Shares 3.44M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $0 $0 ▼ $-179.589K ▲ 0% $-0.15 ▲ $-207.284K ▲
Q1-2025 $0 ▼ $392.423K ▲ $-235.827K ▼ 0% ▼ $-0.16 ▼ $-392.423K ▼
Q4-2024 $742.708K ▲ $126.431K ▼ $9.907K ▼ 1.334% ▲ $0.004 ▼ $-126.431K ▲
Q3-2024 $0 $152.162K ▲ $18.24K ▼ 0% $0.01 ▼ $-152.162K ▼
Q2-2024 $0 $13.832K $150.32K 0% $0.094 $-128K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $371.603K ▲ $5.748M ▼ $7.706M ▼ $-1.959M ▼
Q1-2025 $4.224K ▼ $19.345M ▲ $21.124M ▲ $-1.779M ▼
Q4-2024 $14.692K ▲ $19.064M ▲ $6.575M ▲ $12.489M ▲
Q3-2024 $8.434K ▲ $18.746M ▲ $6.267M ▲ $12.479M ▲
Q2-2024 $5.04K $18.398M $5.936M $12.461M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-179.589K ▲ $92.983K ▲ $13.785M ▲ $-13.51M ▼ $367.379K ▲ $92.983K ▲
Q1-2025 $-235.827K ▼ $-185.468K ▲ $-150K ▼ $325K ▲ $-10.468K ▼ $-185.468K ▲
Q4-2024 $9.907K ▼ $-217.785K ▼ $3.077K ▲ $220.966K ▼ $6.258K ▲ $-217.785K ▼
Q3-2024 $18.24K ▼ $-208.334K ▲ $-43.272K ▲ $255K ▼ $3.394K ▲ $-208.334K ▲
Q2-2024 $58.624K $-867.757K $-71.869K $500K $-439.626K $-867.757K

Five-Year Company Overview

Income Statement

Income Statement Goldenstone is still a blank‑check shell, so its income statement does not look like that of a normal operating company. It reports no real revenue or operating profit, and results are driven mostly by accounting items and transaction‑related costs. Earnings per share have bounced between small gains and small losses over recent years, with the latest period showing a modest loss. Overall, the financial performance so far mainly reflects the cost of staying listed and searching for a merger partner, not the performance of an underlying business.

Balance Sheet

Balance Sheet The balance sheet is very small and simple, consistent with a SPAC nearing the end of its life cycle. Asset and equity levels are modest, and there is no meaningful use of debt in the data shown. This suggests a relatively “light” capital structure with limited operating commitments, but it also means there is not much of a financial cushion beyond what is needed to support the listing and deal search. The real economic substance for investors typically sits in the SPAC trust account, which is not fully reflected in these high‑level figures.

Cash Flow

Cash Flow Reported cash flow figures are essentially flat, reinforcing that the company is not running a normal business with ongoing cash inflows and outflows. Cash usage is primarily for administrative expenses and transaction‑related work around potential mergers. Until a business combination is completed or the vehicle is wound down, cash flow patterns will remain minimal and mostly administrative in nature.

Competitive Edge

Competitive Edge As a SPAC, Goldenstone’s competitive position does not come from products, brand, or technology. Instead, it depends on the reputation, deal‑making skills, and network of its management team, plus how attractive its capital structure is to a potential target. The broader SPAC market is crowded and has cooled compared with earlier years, which makes sourcing and closing a compelling deal more challenging. Goldenstone’s decision to avoid China‑centric targets suggests a deliberate risk‑management focus, but ultimately its standing will be judged by whether it can secure a strong merger partner.

Innovation and R&D

Innovation and R&D Goldenstone does not conduct traditional research and development. Its “innovation” is in how it structures and sources deals. Past, now‑terminated, merger attempts with a hydrogen fuel cell company and a blockchain‑based payments firm show an appetite for high‑growth, technology‑oriented sectors such as clean energy, fintech, blockchain, and possibly artificial intelligence. The meaningful innovation for investors to watch is not internal technology, but the choice and quality of any future target company it brings to market.

Summary

Goldenstone Acquisition Limited is a financial vehicle rather than an operating business. Its current financial statements show no real revenue, minimal assets, and limited activity, which is normal for a SPAC in search mode. The core risk and opportunity both lie in a single future event: if and when it announces and closes a merger with a target company. Until that happens, results mainly reflect listing and search costs, while the long‑term outlook is almost entirely dependent on the quality of any eventual business combination and the terms under which it is executed.