GSRF
GSRF
GSR IV Acquisition Corp. Class A ordinary shareIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $173.94K ▲ | $488.89K ▲ | 0% | $0.04 ▲ | $-173.94K ▼ |
| Q2-2025 | $0 | $78.23K ▲ | $-78.23K ▼ | 0% | $0 | $-78.23K ▼ |
| Q1-2025 | $0 | $2.87K ▼ | $-2.87K ▲ | 0% | $0 | $-2.87K ▲ |
| Q4-2024 | $0 | $3.8K | $-3.8K | 0% | $0 | $-3.8K |
What's going well?
The company received a large interest income this quarter, which more than covered its operating losses and resulted in a profit. There is no debt burden or tax expense.
What's concerning?
GSRF has no revenue, rising overhead costs, and its core business is losing more money each quarter. The profit is not from operations, but from a one-time interest gain, which is not sustainable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $1.84M | $232.67M | $9.22M | $223.45M |
What's financially strong about this company?
The company has no debt, lots of cash, and nearly all assets are in long-term investments. It can easily pay all its bills and has no risky obligations.
What are the financial risks or weaknesses?
The company has negative retained earnings, meaning it has lost money over time. There is also no property, equipment, or inventory, so future profits depend on investment performance.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $488.89K | $-325.19K | $-230M | $232.16M | $1.84M | $-325.19K |
What's strong about this company's cash flow?
The company successfully raised over $232 million in new equity, giving it a cash cushion for now. Capital spending is extremely low, so little is needed to maintain the business.
What are the cash flow concerns?
Operations are burning cash and not generating any positive cash flow. The business is highly dependent on raising new money through stock sales, which dilutes existing shareholders and is not sustainable long-term.
About GSR IV Acquisition Corp. Class A ordinary share
GSR IV Acquisition Corp. focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2023 and is based in Austin, Texas.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $173.94K ▲ | $488.89K ▲ | 0% | $0.04 ▲ | $-173.94K ▼ |
| Q2-2025 | $0 | $78.23K ▲ | $-78.23K ▼ | 0% | $0 | $-78.23K ▼ |
| Q1-2025 | $0 | $2.87K ▼ | $-2.87K ▲ | 0% | $0 | $-2.87K ▲ |
| Q4-2024 | $0 | $3.8K | $-3.8K | 0% | $0 | $-3.8K |
What's going well?
The company received a large interest income this quarter, which more than covered its operating losses and resulted in a profit. There is no debt burden or tax expense.
What's concerning?
GSRF has no revenue, rising overhead costs, and its core business is losing more money each quarter. The profit is not from operations, but from a one-time interest gain, which is not sustainable.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $1.84M | $232.67M | $9.22M | $223.45M |
What's financially strong about this company?
The company has no debt, lots of cash, and nearly all assets are in long-term investments. It can easily pay all its bills and has no risky obligations.
What are the financial risks or weaknesses?
The company has negative retained earnings, meaning it has lost money over time. There is also no property, equipment, or inventory, so future profits depend on investment performance.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $488.89K | $-325.19K | $-230M | $232.16M | $1.84M | $-325.19K |
What's strong about this company's cash flow?
The company successfully raised over $232 million in new equity, giving it a cash cushion for now. Capital spending is extremely low, so little is needed to maintain the business.
What are the cash flow concerns?
Operations are burning cash and not generating any positive cash flow. The business is highly dependent on raising new money through stock sales, which dilutes existing shareholders and is not sustainable long-term.

CEO
Lewis Silberman
Compensation Summary
(Year )
Ratings Snapshot
Rating : C
Price Target
Institutional Ownership
LINDEN ADVISORS LP
Shares:1.25M
Value:$12.54M
POLAR ASSET MANAGEMENT PARTNERS INC.
Shares:1.2M
Value:$12.04M
METEORA CAPITAL, LLC
Shares:1.01M
Value:$10.11M
Summary
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