RTAC
RTAC
Renatus Tactical Acquisition Corp I Class A Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $337.48K ▼ | $2.18M ▲ | 0% | $0.07 ▲ | $-337.48K ▲ |
| Q2-2025 | $0 | $445.97K ▲ | $794.83K ▲ | 0% | $0.04 ▲ | $-445.97K ▼ |
| Q1-2025 | $0 | $222.99K | $397.42K | 0% | $0.03 | $0 |
What's going well?
The company is earning solid profits from its cash or investments, with net income nearly tripling this quarter. Operating losses are shrinking, showing some cost control.
What's concerning?
There is still no revenue from business activity, and all profits come from interest, which is not sustainable long-term. Share dilution is also a red flag for shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $97.36K ▼ | $246.51M ▲ | $10.4M ▼ | $236.1M ▲ |
| Q2-2025 | $569.07K | $243.76M ▼ | $10.63M ▼ | $233.93M ▲ |
| Q1-2025 | $569.07K | $244.57M | $253.99M | $-9.42M |
What's financially strong about this company?
The company has almost no debt and a huge equity cushion. Most assets are long-term investments, and there are no risky intangibles or goodwill.
What are the financial risks or weaknesses?
Cash is extremely low for a company this size, and retained earnings are negative, showing past losses. The drop in cash and rise in payables could signal tight liquidity if the trend continues.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.18M ▲ | $-721.71K ▼ | $-1.75K ▲ | $250.71K ▼ | $-471.7K ▼ | $-721.71K ▼ |
| Q2-2025 | $397.42K | $-205.94K | $-121.05M | $121.54M | $0 | $-205.94K |
| Q1-2025 | $397.42K | $-205.94K | $-121.05M | $121.54M | $0 | $-205.94K |
What's strong about this company's cash flow?
The company can still raise debt to fund itself, and reported a net profit on paper. No shareholder dilution or capital spending keeps things simple.
What are the cash flow concerns?
Cash burn is accelerating, cash on hand is nearly gone, and the company now relies on new debt just to keep going. Profits are not turning into real cash, which is a red flag.
About Renatus Tactical Acquisition Corp I Class A Ordinary Shares
https://www.RTAC1.comRenatus Tactical Acquisition Corp I does not have significant operations. The company intends to effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was incorporated in 2024 and is based in Coral Gables, Florida.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $337.48K ▼ | $2.18M ▲ | 0% | $0.07 ▲ | $-337.48K ▲ |
| Q2-2025 | $0 | $445.97K ▲ | $794.83K ▲ | 0% | $0.04 ▲ | $-445.97K ▼ |
| Q1-2025 | $0 | $222.99K | $397.42K | 0% | $0.03 | $0 |
What's going well?
The company is earning solid profits from its cash or investments, with net income nearly tripling this quarter. Operating losses are shrinking, showing some cost control.
What's concerning?
There is still no revenue from business activity, and all profits come from interest, which is not sustainable long-term. Share dilution is also a red flag for shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $97.36K ▼ | $246.51M ▲ | $10.4M ▼ | $236.1M ▲ |
| Q2-2025 | $569.07K | $243.76M ▼ | $10.63M ▼ | $233.93M ▲ |
| Q1-2025 | $569.07K | $244.57M | $253.99M | $-9.42M |
What's financially strong about this company?
The company has almost no debt and a huge equity cushion. Most assets are long-term investments, and there are no risky intangibles or goodwill.
What are the financial risks or weaknesses?
Cash is extremely low for a company this size, and retained earnings are negative, showing past losses. The drop in cash and rise in payables could signal tight liquidity if the trend continues.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $2.18M ▲ | $-721.71K ▼ | $-1.75K ▲ | $250.71K ▼ | $-471.7K ▼ | $-721.71K ▼ |
| Q2-2025 | $397.42K | $-205.94K | $-121.05M | $121.54M | $0 | $-205.94K |
| Q1-2025 | $397.42K | $-205.94K | $-121.05M | $121.54M | $0 | $-205.94K |
What's strong about this company's cash flow?
The company can still raise debt to fund itself, and reported a net profit on paper. No shareholder dilution or capital spending keeps things simple.
What are the cash flow concerns?
Cash burn is accelerating, cash on hand is nearly gone, and the company now relies on new debt just to keep going. Profits are not turning into real cash, which is a red flag.
CEO
Eric S. Swider
Compensation Summary
(Year )
Ratings Snapshot
Rating : C+
Price Target
Institutional Ownership
PRAETORIAN PR LLC
Shares:985K
Value:$10.27M
GOVERNORS LANE LP
Shares:880.33K
Value:$9.18M
FIFTH LANE CAPITAL, LP
Shares:781K
Value:$8.15M
Summary
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