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ISRL

Israel Acquisitions Corp

ISRL

Israel Acquisitions Corp • NASDAQ
$12.50 ▲ 1.30% (+0.16)
Market Cap $79.40 M
52w High $14.00
52w Low $11.22
Dividend Yield 0%
P/E 138.89
Volume 123
Outstanding Shares 6.35M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $280.99K ▼ $-364.619K ▲ 0% $0.17 ▲ $-180.43K ▲
Q2-2025 $0 $349.125K ▲ $-420.301K ▼ 0% $-0.037 ▼ $-238.122K ▼
Q1-2025 $0 $281.272K ▲ $66.653K ▼ 0% $0.009 ▼ $299.682K ▼
Q4-2024 $0 $250.214K ▲ $694.901K ▼ 0% $0.094 ▼ $694.901K ▼
Q3-2024 $0 $234.272K $810.926K 0% $0.15 $810.926K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $63.803K ▲ $9.899M ▲ $17.79M ▲ $-7.891M ▼
Q2-2025 $57.256K ▲ $9.671M ▲ $17.197M ▲ $-7.527M ▼
Q1-2025 $27.193K ▲ $9.486M ▼ $16.592M ▼ $-7.106M ▼
Q4-2024 $21.257K ▼ $82.632M ▲ $89.486M ▲ $-6.854M ▼
Q3-2024 $26.702K $81.565M $88.019M $-6.454M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-238.126K ▼ $-58.617K ▲ $-182.175K ▼ $270.855K ▲ $30.063K ▲ $-58.617K ▲
Q1-2025 $66.653K ▼ $-134.277K ▼ $73.215M ▲ $-73.075M ▼ $5.936K ▲ $-134.277K ▼
Q4-2024 $694.901K ▼ $864.67K ▲ $-1.095M ▲ $225K ▼ $-5.445K ▲ $864.67K ▲
Q3-2024 $810.926K ▲ $854.973K ▲ $-1.195M ▼ $300K ▲ $-40.224K ▲ $854.973K ▲
Q2-2024 $738.891K $779.66K $-1.181M $150K $-251.431K $779.66K

Five-Year Company Overview

Income Statement

Income Statement ISRL’s current income statement reflects a blank-shell SPAC, not an operating business. There is essentially no revenue and only small gains or losses tied to financial and transaction-related items. Any apparent “profitability” is more accounting noise than evidence of a real, scalable business. The key point: the historical income statement tells you almost nothing about how a future combined Gadfin–ISRL operating company might perform; that will depend entirely on how the drone business scales after the merger.

Balance Sheet

Balance Sheet The balance sheet is very small and simple, with modest financial assets, no operating business assets, and no meaningful debt. Recently, shareholder equity has slipped into slightly negative territory, which is common when a SPAC’s costs start to eat into its initial capital. This underlines that ISRL, on its own, has limited financial resources and is essentially a temporary financing and listing vehicle. After the merger, the balance sheet will be reshaped by how much cash is raised, how many redemptions occur, and what Gadfin’s assets and liabilities look like.

Cash Flow

Cash Flow Cash flows are essentially flat because there is no real business activity yet. Operating cash flow does not come from selling products or services, and there is no visible investment in physical assets or expansion. The company’s ability to fund anything today depends on its SPAC capital structure, not on internally generated cash. Post-merger, the picture will change completely, and the key questions will be how quickly Gadfin can move from cash burn on development and infrastructure to a more self-sustaining cash profile.

Competitive Edge

Competitive Edge As of now, ISRL has no operating competitive position; it is only a shell. The future competitive profile depends on Gadfin. Gadfin appears to occupy a promising niche in long-range, heavy-payload, hydrogen-powered drone delivery, especially for urgent medical logistics and infrastructure inspection. Its advantages include longer flight range than typical battery drones, patents around folding-wing VTOL design, early regulatory approvals in Israel, and a focus on fully automated, end‑to‑end delivery systems. Partnerships in medical logistics and international pilot projects further strengthen its early positioning. However, the company will be competing in a fast-evolving field against well-funded aerospace, logistics, and drone players, and its ultimate market share is uncertain.

Innovation and R&D

Innovation and R&D Innovation is clearly at the center of the Gadfin story. The use of hydrogen fuel cells, patented folding-wing aircraft, vertical takeoff with fixed‑wing cruise, and automated ground stations all indicate a technology-heavy model with meaningful R&D behind it. The roadmap for larger, higher‑payload drones suggests an ambition to keep pushing performance boundaries. This creates potential for a durable technological edge, but it also means ongoing high development costs, technical risk, regulatory approvals in multiple countries, and the need to prove reliability and safety at scale. In other words, innovation is both the main strength and the main risk driver.

Summary

ISRL’s current financials are typical of a young SPAC: no revenue, minimal assets, and no real operating history, so they offer little guidance on future performance. The real story is the planned merger with Gadfin, which would turn ISRL into a hydrogen-powered drone logistics company focused on urgent deliveries and infrastructure services. Gadfin appears to have meaningful technological differentiation, early regulatory wins, and some credible commercial partnerships, positioning it well in a growing market for autonomous aerial logistics. At the same time, the combined entity would likely be early-stage, capital-hungry, and exposed to execution, regulatory, and competitive risks. Overall, this is a transition from a financial shell to a high-innovation, high-uncertainty operating business, where future outcomes will depend far more on post-merger execution than on ISRL’s historical numbers.