POLE - Andretti Acquisitio... Stock Analysis | Stock Taper
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Andretti Acquisition Corp. II

POLE

Andretti Acquisition Corp. II NASDAQ
$10.59 -0.28% (-0.03)

Market Cap $312.51 M
52w High $10.90
52w Low $10.10
P/E 0
Volume 18.13K
Outstanding Shares 29.51M

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.

+ Strengths

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.

! Risks

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.

Outlook

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.