SUMAR
SUMAR
SUMA Acquisition Corporation RightsIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $0 | $121.86K | $110.83K | 0% | $0.01 | $-121.86K |
What's going well?
The company is generating positive net income from interest on its cash or investments. No debt costs or tax burden this quarter.
What's concerning?
There is no revenue, no core business activity, and all profit comes from interest income. Operating losses continue, and the business is not generating sales.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $836.7K | $124.78M | $5.14M | $119.64M |
What's financially strong about this company?
SUMAR has almost no debt, a large cash buffer, and the vast majority of its assets in long-term investments. There are no risky intangibles or hidden liabilities, making the balance sheet very safe.
What are the financial risks or weaknesses?
The company has negative retained earnings, meaning it has lost money in the past. Also, very little is held in cash compared to total assets, so liquidity depends on the ability to access those investments quickly.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $110.83K | $-138.32K | $-125.76M | $126.75M | $836.7K | $-138.32K |
What's strong about this company's cash flow?
The company was able to raise a significant amount of cash by selling new shares, so it has some cash on hand to cover short-term needs.
What are the cash flow concerns?
Core business is losing cash, and the company is highly dependent on selling new shares to survive. Shareholders are being heavily diluted, and the cash balance is only enough for a short runway.
About SUMA Acquisition Corporation Rights
https://www.sumaspac.comSUMA Acquisition Corp. operates as a special purpose acquisition company (SPAC), established with the primary goal of completing a business combination, such as a merger, asset acquisition, share exchange, or reorganization, with one or more entities. Naseem Saloojee and David King co-founded the company on November 21, 2025, and its principal operations are based in Toronto, Canada.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2026 | $0 | $121.86K | $110.83K | 0% | $0.01 | $-121.86K |
What's going well?
The company is generating positive net income from interest on its cash or investments. No debt costs or tax burden this quarter.
What's concerning?
There is no revenue, no core business activity, and all profit comes from interest income. Operating losses continue, and the business is not generating sales.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2026 | $836.7K | $124.78M | $5.14M | $119.64M |
What's financially strong about this company?
SUMAR has almost no debt, a large cash buffer, and the vast majority of its assets in long-term investments. There are no risky intangibles or hidden liabilities, making the balance sheet very safe.
What are the financial risks or weaknesses?
The company has negative retained earnings, meaning it has lost money in the past. Also, very little is held in cash compared to total assets, so liquidity depends on the ability to access those investments quickly.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2026 | $110.83K | $-138.32K | $-125.76M | $126.75M | $836.7K | $-138.32K |
What's strong about this company's cash flow?
The company was able to raise a significant amount of cash by selling new shares, so it has some cash on hand to cover short-term needs.
What are the cash flow concerns?
Core business is losing cash, and the company is highly dependent on selling new shares to survive. Shareholders are being heavily diluted, and the cash balance is only enough for a short runway.
CEO
Naseem Saloojee
Compensation Summary
(Year )
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Ratings Snapshot
Rating : B-