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POLE

Andretti Acquisition Corp. II

POLE

Andretti Acquisition Corp. II • NASDAQ
$10.48 ▲ 0.00% (+0.00)
Market Cap $309.27 M
52w High $10.90
52w Low $9.96
Dividend Yield 0%
P/E 0
Volume 23
Outstanding Shares 29.51M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $270.994K ▲ $2.23M ▼ 0% $0.08 ▲ $0 ▲
Q2-2025 $0 $180.616K ▼ $2.29M ▲ 0% $0.078 ▲ $-180.616K ▲
Q1-2025 $0 $192.199K ▲ $2.263M ▼ 0% $0.077 ▼ $-192K ▼
Q4-2024 $0 $176.774K ▲ $2.509M ▲ 0% $0.085 ▲ $2.509M ▲
Q3-2024 $0 $82.759K $581.366K 0% $0.02 $-82.759K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $207.47K ▼ $242.31M ▲ $9.869M ▲ $-9.487M ▼
Q2-2025 $459.437K ▼ $240.067M ▲ $9.857M ▼ $230.21M ▲
Q1-2025 $612.692K ▼ $237.806M ▲ $9.886M ▲ $227.92M ▲
Q4-2024 $234.5M ▲ $235.507M ▲ $9.851M ▼ $225.657M ▲
Q3-2024 $231.814M $233.003M $9.855M $223.148M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.23M ▼ $-251.967K ▼ $0 $0 $-251.967K ▼ $-251.967K ▼
Q2-2025 $2.29M ▼ $-153.255K ▼ $0 $0 ▲ $-153.255K ▼ $-153.255K ▼
Q4-2024 $2.509M ▲ $-75.717K ▲ $0 ▲ $-1.998K ▼ $-77.715K ▼ $-75.72K ▲
Q3-2024 $581.366K $-315.831K $-231.15M $232.342M $876.169K $-315.83K

Five-Year Company Overview

Income Statement

Income Statement POLE is a very early‑stage SPAC, so its income statement is basically a blank slate. It has no meaningful revenue and no operating business behind it yet. Any profit figure today is mostly an accounting result of interest and low expenses rather than a sign of a sustainable business. The real economic story will only start once a merger target is announced and combined; until then, the income statement mostly just reflects modest running costs of a cash shell.

Balance Sheet

Balance Sheet The balance sheet is simple and typical for a new SPAC: a small pool of assets funded almost entirely by shareholder equity and essentially no debt. In practice, most of the economic value usually sits in a protected trust for a future deal, with limited working cash for day‑to‑day costs. This structure keeps financial risk low for now but also means there is no operating asset base or diversified business—just a pool of capital waiting to be deployed into a merger.

Cash Flow

Cash Flow Cash flows are minimal and mainly relate to routine corporate expenses. There is no cash coming in from customers or operations, and no real investment in physical assets yet. Over time, the most important cash movements will be: how much money ultimately remains after any shareholder redemptions, what is paid out in a business combination, and how much extra capital (if any) is raised alongside a deal. Until a target is chosen, cash flow mainly shows that the vehicle is being kept alive at relatively low cost.

Competitive Edge

Competitive Edge As a SPAC, POLE’s competitive position comes almost entirely from its people and brand, not from products or technology. The Andretti name and the leadership team’s mix of corporate, financial, and motorsports experience can help attract high‑quality targets and open doors in sectors like automotive, mobility, and advanced technology. However, the SPAC landscape is crowded and investor enthusiasm for SPACs has cooled, so standing out depends on sourcing a truly compelling deal and negotiating fair terms. The vehicle itself has no intrinsic moat yet; its edge is the reputation, network, and deal‑making skill of its sponsors.

Innovation and R&D

Innovation and R&D POLE does not conduct traditional research and development because it has no operating business. Its “innovation” angle is indirect: the team’s history and network point toward an interest in technology‑driven and possibly mobility‑related companies, similar to the first Andretti SPAC’s deal in industrial AI. The real innovation profile will be entirely determined by the company it chooses to merge with—whether that is a cutting‑edge tech firm, a growth industrial business, or something more mature. Until a target is announced, there is no product pipeline or R&D roadmap to evaluate, only a strategy to find a business with durable advantages and room to grow.

Summary

POLE is a pure blank‑check company at this stage: no revenue, no operating business, and very simple financials, with equity capital waiting to be deployed and little balance‑sheet risk. The key asset is the Andretti brand and the management team’s experience, which may help source and execute a strong business combination in competitive sectors like technology or mobility. The main uncertainty is total: future performance hinges entirely on which company is acquired, at what valuation, and how well it is run after the merger. Until that decision is made public, analysis is less about current financial strength and more about confidence in the sponsors’ ability to find and structure a high‑quality deal.