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MBAV

M3-Brigade Acquisition V Corp. Class A Ordinary shares

MBAV

M3-Brigade Acquisition V Corp. Class A Ordinary shares • NASDAQ
$10.59 ▼ -0.06% (-0.01)
Market Cap $380.58 M
52w High $13.73
52w Low $10.04
Dividend Yield 0%
P/E 0
Volume 2.32K
Outstanding Shares 35.94M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $0 ▼ $-491.393K ▼ 0% $-0.01 ▼ $0 ▲
Q2-2025 $0 $873.724K ▲ $2.184M ▼ 0% $0.061 ▼ $-873.724K ▼
Q1-2025 $0 $171.86K ▲ $2.913M ▼ 0% $0.1 ▲ $-171.86K ▼
Q4-2024 $0 $108.814K ▼ $3.266M ▲ 0% $0.091 ▼ $-108.814K ▲
Q3-2024 $0 $295.128K $2.01M 0% $0.14 $-295.128K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.683M ▲ $305.872M ▲ $19.584M ▲ $-17.661M ▼
Q2-2025 $799.996K ▼ $301.869M ▲ $15.09M ▲ $286.779M ▲
Q1-2025 $818.638K ▼ $298.858M ▲ $14.263M ▲ $284.595M ▲
Q3-2024 $934.287K ▲ $292.626M ▲ $14.209M ▲ $278.416M ▲
Q2-2024 $0 $733.71K $758.184K $-24.474K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.419M ▲ $-366.863K ▼ $0 $1.25M ▲ $883.138K ▲ $-366.863K ▼
Q2-2025 $2.184M ▼ $-87.987K ▼ $0 $69.345K ▲ $-18.642K ▼ $-87.987K ▼
Q1-2025 $2.913M ▼ $-2.55K ▲ $0 $0 ▲ $-2.55K ▲ $-2.55K ▲
Q4-2024 $3.266M ▲ $-53.408K ▲ $0 $-59.691K ▼ $-113.099K ▼ $-53.408K ▲
Q3-2024 $2.01M $-449.479K $0 $0 $934.287K $-449.479K

Five-Year Company Overview

Income Statement

Income Statement MBAV’s current income statement reflects a shell company with essentially no operating business. There is effectively no revenue and the small profit shown is more an accounting outcome of the SPAC structure than proof of a sustainable business model. As a result, past earnings give almost no insight into how the future combined company (ReserveOne) might perform once the merger closes. The key takeaway is that traditional profitability metrics are not yet meaningful here because the underlying operating business does not exist in MBAV’s historical figures.

Balance Sheet

Balance Sheet The balance sheet is very light and typical of a SPAC: a modest asset base, funded mainly by equity, and virtually no debt. This suggests low financial leverage today and relatively simple finances, but it also means MBAV on its own has no substantial operating assets. After the merger, the balance sheet will likely be dominated by digital assets and related holdings, which will introduce market volatility and valuation uncertainty. In short, the current balance sheet looks clean but is not representative of what the business will look like once it becomes ReserveOne.

Cash Flow

Cash Flow Cash flow is effectively flat, with no meaningful operating, investing, or financing cash movements beyond basic SPAC activities. This is normal for a blank-check company that has not yet acquired an operating business. Because of this, cash flow history offers almost no guidance about the future company’s ability to generate or sustain cash once it starts holding and managing digital assets. Future cash generation will depend on how ReserveOne executes its yield strategies, manages expenses, and weathers crypto market cycles.

Competitive Edge

Competitive Edge Today, as a SPAC, MBAV has no real competitive position. The future combined company, ReserveOne, aims to carve out a niche as a publicly traded, diversified digital asset treasury with active management. Its strengths are the experienced leadership team, deep connections across both traditional finance and crypto, and the backing of well-known industry players and custodians. At the same time, it will face stiff competition from crypto-focused funds, listed crypto companies, and spot exchange-traded products, all operating in a fast-moving and heavily scrutinized market. Its long-term position will depend on execution, risk management, and how clearly it can differentiate itself from simpler, lower-cost crypto exposure products.

Innovation and R&D

Innovation and R&D Innovation here is about structure and strategy rather than in-house technology. ReserveOne plans to offer a single listed stock that gives investors diversified exposure to multiple digital assets, with active yield generation through activities like staking and lending. It also intends to blend this with selective venture-style allocations in the broader blockchain ecosystem, which could add upside but also complexity and risk. The “strategic reserve” concept and strong focus on regulation, transparency, and institutional-grade custody are differentiators in a sector often criticized for opacity. Future innovation will likely revolve around how creatively and safely the team can expand its asset mix, refine yield strategies, and educate the market, all while staying within evolving regulatory boundaries.

Summary

MBAV’s historical financials mostly reflect a shell with no real operations, so they offer limited insight into future performance. The story is almost entirely about the pending transformation into ReserveOne, a digital asset holding and management company. If completed, the business will be tightly linked to the health, volatility, and regulation of the crypto market, rather than to traditional financial services dynamics. Its advantages include an experienced management team, notable strategic partners, and a differentiated, actively managed structure aimed at institutional-grade transparency. The main risks center on execution, crypto market swings, regulatory change, and the challenge of standing out in an increasingly crowded field of crypto-related investment vehicles.