QSEAU
QSEAU
Quartzsea Acquisition Corporation UnitsIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $0 | $727.75K ▲ | $-27.15K ▲ | 0% | $-0 ▼ | $-727.75K ▼ |
| Q1-2025 | $0 | $33.5K | $-31.25K | 0% | $-0 | $-33.5K |
What's going well?
The company earned a large amount of interest income this quarter, which helped reduce its net loss. There is no debt burden or interest expense.
What's concerning?
The company has no revenue and operating expenses have exploded, leading to a huge operating loss. Without the unusual interest income, losses would have been much worse.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $654.16K ▲ | $84.29M ▲ | $3.57M ▲ | $80.71M ▲ |
| Q1-2025 | $208.06K | $492.95K | $509.37K | $-16.42K |
What's financially strong about this company?
The company has no debt, a large cash and investment cushion, and a very strong equity position. Liquidity is excellent, and there are no hidden risks or unusual liabilities.
What are the financial risks or weaknesses?
Retained earnings are still negative, showing past losses. The huge jump in equity and common stock suggests a major share issuance, which could dilute existing shareholders.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-27.15K ▲ | $-613.08K ▼ | $-83.4M ▼ | $83.85M ▲ | $-158.94K ▼ | $-613.08K ▼ |
| Q1-2025 | $-31.25K | $-8.05K | $0 | $-94.89K | $-102.94K | $-8.05K |
What's strong about this company's cash flow?
The company was able to raise a large amount of external funding ($83 million) to keep operating despite heavy losses. No shareholder dilution or debt was added this quarter.
What are the cash flow concerns?
Cash burn skyrocketed and is now far outpacing available cash. The business cannot sustain itself without constant new funding, and the cash balance is dangerously low.
About Quartzsea Acquisition Corporation Units
https://quartzsea.com/Quartzsea Acquisition Corporation is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands. The company intends to identify and merge with a target business that has a strong competitive advantage within its sector.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q2-2025 | $0 | $727.75K ▲ | $-27.15K ▲ | 0% | $-0 ▼ | $-727.75K ▼ |
| Q1-2025 | $0 | $33.5K | $-31.25K | 0% | $-0 | $-33.5K |
What's going well?
The company earned a large amount of interest income this quarter, which helped reduce its net loss. There is no debt burden or interest expense.
What's concerning?
The company has no revenue and operating expenses have exploded, leading to a huge operating loss. Without the unusual interest income, losses would have been much worse.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q2-2025 | $654.16K ▲ | $84.29M ▲ | $3.57M ▲ | $80.71M ▲ |
| Q1-2025 | $208.06K | $492.95K | $509.37K | $-16.42K |
What's financially strong about this company?
The company has no debt, a large cash and investment cushion, and a very strong equity position. Liquidity is excellent, and there are no hidden risks or unusual liabilities.
What are the financial risks or weaknesses?
Retained earnings are still negative, showing past losses. The huge jump in equity and common stock suggests a major share issuance, which could dilute existing shareholders.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q2-2025 | $-27.15K ▲ | $-613.08K ▼ | $-83.4M ▼ | $83.85M ▲ | $-158.94K ▼ | $-613.08K ▼ |
| Q1-2025 | $-31.25K | $-8.05K | $0 | $-94.89K | $-102.94K | $-8.05K |
What's strong about this company's cash flow?
The company was able to raise a large amount of external funding ($83 million) to keep operating despite heavy losses. No shareholder dilution or debt was added this quarter.
What are the cash flow concerns?
Cash burn skyrocketed and is now far outpacing available cash. The business cannot sustain itself without constant new funding, and the cash balance is dangerously low.
CEO
Qi Gong