POLE
POLE
Andretti Acquisition Corp. IIIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $270.99K ▲ | $2.23M ▼ | 0% | $0.08 ▲ | $-270.99K ▼ |
| Q2-2025 | $0 | $180.62K ▼ | $2.29M ▲ | 0% | $0.08 ▲ | $-180.62K ▲ |
| Q1-2025 | $0 | $192.2K ▲ | $2.26M ▼ | 0% | $0.08 ▼ | $-192K ▼ |
| Q4-2024 | $0 | $176.77K ▲ | $2.51M ▲ | 0% | $0.09 ▲ | $2.51M ▲ |
| Q3-2024 | $0 | $82.76K | $581.37K | 0% | $0.02 | $-82.76K |
What's going well?
The company is earning steady interest income, which keeps it profitable for now. EPS improved this quarter due to a smaller share count.
What's concerning?
There is still no revenue or business activity, and operating losses are growing. Profits rely entirely on interest income, which may not last forever.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $207.47K ▼ | $242.31M ▲ | $9.87M ▲ | $232.44M ▲ |
| Q2-2025 | $459.44K ▼ | $240.07M ▲ | $9.86M ▼ | $230.21M ▲ |
| Q1-2025 | $612.69K ▼ | $237.81M ▲ | $9.89M ▲ | $227.92M ▲ |
| Q4-2024 | $234.5M ▲ | $235.51M ▲ | $9.85M ▼ | $225.66M ▲ |
| Q3-2024 | $231.81M | $233M | $9.86M | $223.15M |
What's financially strong about this company?
The company has no debt at all, a large base of long-term investments, and a very high equity cushion. Its liabilities are tiny compared to its assets, making it very low risk from a solvency standpoint.
What are the financial risks or weaknesses?
The company has very little cash available for day-to-day needs, and its retained earnings are negative, meaning it has lost money over its history. Liquidity is getting tighter, and almost all assets are tied up in long-term investments.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.23M ▼ | $-251.97K ▼ | $0 | $0 | $-251.97K ▼ | $-251.97K ▼ |
| Q2-2025 | $2.29M ▼ | $-153.25K ▼ | $0 | $0 ▲ | $-153.25K ▼ | $-153.25K ▼ |
| Q4-2024 | $2.51M ▲ | $-75.72K ▲ | $0 ▲ | $-2K ▼ | $-77.72K ▼ | $-75.72K ▲ |
| Q3-2024 | $581.37K | $-315.83K | $-231.15M | $232.34M | $876.17K | $-315.83K |
What's strong about this company's cash flow?
Reported profits suggest the business model could work if it starts converting earnings to cash. No debt or shareholder dilution yet.
What are the cash flow concerns?
The company is burning real cash every quarter, and cash reserves are almost gone. Profits are not turning into cash, and without new funding, the business could run out of money soon.
5-Year Trend Analysis
A comprehensive look at Andretti Acquisition Corp. II's financial evolution and strategic trajectory over the past five years.
POLE brings a very strong cash position, no meaningful debt, and a simple capital structure that can support a sizable transaction. The chosen target, StoreDot, contributes a compelling technology story backed by recognized automaker and energy partners, a clear innovation roadmap, and a business model designed to plug into existing battery manufacturing capacity. Together, they offer a combination of financial flexibility and technological ambition in a high-growth area of the EV ecosystem.
The current entity has no operating revenue, negative operating cash flow, and accumulated losses, so today’s financial health is entirely dependent on investor capital. The merger with StoreDot may face execution, regulatory, and market risks, and there is no guarantee it will close on the expected terms or timeline. Even if it does, scaling a new battery technology is technically demanding, capital intensive, and highly competitive, with uncertainties around cost, reliability, customer adoption, and future funding needs.
In the near term, POLE’s reported numbers will continue to reflect a cash-rich shell with limited activity. Over the medium term, if the StoreDot transaction completes as planned, the business profile will pivot sharply toward a technology-driven, R&D-intensive EV battery company likely focused on product validation, customer trials, and scaling rather than near-term profitability. The long-run trajectory will depend on how effectively the combined company can convert its promising technology and partnerships into sustained commercial penetration in the rapidly evolving EV market.
About Andretti Acquisition Corp. II
https://www.andrettiacquisition.comAndretti Acquisition Corp. II is a blank check company incorporated on May 21, 2024, as a Cayman Islands exempted company. It was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $270.99K ▲ | $2.23M ▼ | 0% | $0.08 ▲ | $-270.99K ▼ |
| Q2-2025 | $0 | $180.62K ▼ | $2.29M ▲ | 0% | $0.08 ▲ | $-180.62K ▲ |
| Q1-2025 | $0 | $192.2K ▲ | $2.26M ▼ | 0% | $0.08 ▼ | $-192K ▼ |
| Q4-2024 | $0 | $176.77K ▲ | $2.51M ▲ | 0% | $0.09 ▲ | $2.51M ▲ |
| Q3-2024 | $0 | $82.76K | $581.37K | 0% | $0.02 | $-82.76K |
What's going well?
The company is earning steady interest income, which keeps it profitable for now. EPS improved this quarter due to a smaller share count.
What's concerning?
There is still no revenue or business activity, and operating losses are growing. Profits rely entirely on interest income, which may not last forever.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $207.47K ▼ | $242.31M ▲ | $9.87M ▲ | $232.44M ▲ |
| Q2-2025 | $459.44K ▼ | $240.07M ▲ | $9.86M ▼ | $230.21M ▲ |
| Q1-2025 | $612.69K ▼ | $237.81M ▲ | $9.89M ▲ | $227.92M ▲ |
| Q4-2024 | $234.5M ▲ | $235.51M ▲ | $9.85M ▼ | $225.66M ▲ |
| Q3-2024 | $231.81M | $233M | $9.86M | $223.15M |
What's financially strong about this company?
The company has no debt at all, a large base of long-term investments, and a very high equity cushion. Its liabilities are tiny compared to its assets, making it very low risk from a solvency standpoint.
What are the financial risks or weaknesses?
The company has very little cash available for day-to-day needs, and its retained earnings are negative, meaning it has lost money over its history. Liquidity is getting tighter, and almost all assets are tied up in long-term investments.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.23M ▼ | $-251.97K ▼ | $0 | $0 | $-251.97K ▼ | $-251.97K ▼ |
| Q2-2025 | $2.29M ▼ | $-153.25K ▼ | $0 | $0 ▲ | $-153.25K ▼ | $-153.25K ▼ |
| Q4-2024 | $2.51M ▲ | $-75.72K ▲ | $0 ▲ | $-2K ▼ | $-77.72K ▼ | $-75.72K ▲ |
| Q3-2024 | $581.37K | $-315.83K | $-231.15M | $232.34M | $876.17K | $-315.83K |
What's strong about this company's cash flow?
Reported profits suggest the business model could work if it starts converting earnings to cash. No debt or shareholder dilution yet.
What are the cash flow concerns?
The company is burning real cash every quarter, and cash reserves are almost gone. Profits are not turning into cash, and without new funding, the business could run out of money soon.
5-Year Trend Analysis
A comprehensive look at Andretti Acquisition Corp. II's financial evolution and strategic trajectory over the past five years.
POLE brings a very strong cash position, no meaningful debt, and a simple capital structure that can support a sizable transaction. The chosen target, StoreDot, contributes a compelling technology story backed by recognized automaker and energy partners, a clear innovation roadmap, and a business model designed to plug into existing battery manufacturing capacity. Together, they offer a combination of financial flexibility and technological ambition in a high-growth area of the EV ecosystem.
The current entity has no operating revenue, negative operating cash flow, and accumulated losses, so today’s financial health is entirely dependent on investor capital. The merger with StoreDot may face execution, regulatory, and market risks, and there is no guarantee it will close on the expected terms or timeline. Even if it does, scaling a new battery technology is technically demanding, capital intensive, and highly competitive, with uncertainties around cost, reliability, customer adoption, and future funding needs.
In the near term, POLE’s reported numbers will continue to reflect a cash-rich shell with limited activity. Over the medium term, if the StoreDot transaction completes as planned, the business profile will pivot sharply toward a technology-driven, R&D-intensive EV battery company likely focused on product validation, customer trials, and scaling rather than near-term profitability. The long-run trajectory will depend on how effectively the combined company can convert its promising technology and partnerships into sustained commercial penetration in the rapidly evolving EV market.

CEO
William Matthew Brown
Compensation Summary
(Year )
Ratings Snapshot
Rating : C+
Price Target
Institutional Ownership
ALBERTA INVESTMENT MANAGEMENT CORP
Shares:1.98M
Value:$20.97M
LMR PARTNERS LLP
Shares:1.55M
Value:$16.41M
AQR ARBITRAGE LLC
Shares:1.4M
Value:$14.84M
Summary
Showing Top 3 of 58

