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SZZL

Sizzle Acquisition Corp. II

SZZL

Sizzle Acquisition Corp. II • NASDAQ
$10.18 ▼ -0.29% (-0.03)
Market Cap $240.25 M
52w High $10.50
52w Low $9.21
Dividend Yield 0%
P/E 0
Volume 364
Outstanding Shares 23.60M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $144.962K ▼ $2.289M ▲ 0% $0.097 ▼ $0 ▲
Q2-2025 $0 $206.936K ▲ $2.073M ▲ 0% $0.11 ▲ $-206.936K ▼
Q1-2025 $0 $42.127K ▲ $-42.127K ▲ 0% $-0.001 ▲ $-42.127K ▲
Q3-2023 $0 $-619.405K ▼ $-170.007K ▲ 0% $-0.017 ▲ $-619.405K ▼
Q2-2023 $0 $539.04K $-211.546K 0% $-0.02 $-539.04K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $935.663K ▼ $235.826M ▲ $11.102M ▼ $-9.991M ▼
Q2-2025 $1.116M ▲ $233.575M ▲ $11.141M ▼ $222.435M ▲
Q3-2023 $1.075K ▼ $33.77M ▼ $13.472M ▲ $20.298M ▼
Q2-2023 $23.415K ▼ $47.542M ▲ $12.409M ▲ $35.133M ▼
Q1-2023 $378.936K $46.857M $11.512M $35.345M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $2.417M ▲ $84.809K ▲ $-14.296M ▲ $14.053M ▼ $-180.614K ▼ $84.813K ▲
Q2-2025 $2.073M ▲ $-322.206K ▼ $-230M ▼ $231.438M ▲ $1.116M ▲ $-322.21K ▼
Q3-2023 $-170.008K ▲ $-232.906K ▼ $14.296M ▲ $-14.085M ▼ $-22.341K ▲ $-232.906K ▼
Q2-2023 $-211.546K ▼ $-155.52K ▲ $-600K ▼ $400K ▲ $-355.52K ▲ $-155.52K ▲
Q1-2023 $108.484K $-295.899K $114.237M $-114.386M $-445.009K $-295.899K

Five-Year Company Overview

Income Statement

Income Statement Sizzle Acquisition Corp. II is a blank-check company, so its income statement is extremely simple. It has essentially no revenue and only small recurring losses tied to routine corporate and deal-search costs. There is no operating business yet, so past results mainly reflect the cost of staying public and looking for a target, not the performance of an underlying company. Until a merger is announced and completed, the income statement does not say much about future earnings power.

Balance Sheet

Balance Sheet The balance sheet is very light: no operating assets, no visible debt, and only a modest equity base in the pre‑business‑combination phase. For a SPAC, the real financial backbone is the cash raised in the IPO and held in trust, which is not fully reflected in simple historical line items here. Overall, Sizzle II looks clean and simple, but also financially “empty” in the sense that it has no real business assets yet. Its strength and risk profile will change entirely once it merges with a target.

Cash Flow

Cash Flow Cash flows are minimal and mostly reflect small outflows to cover ongoing corporate and listing expenses. There is no cash generated from a business, and no meaningful investment in equipment or long‑term projects. For a SPAC, the most important cash events are the IPO funding, the money held in trust, and future cash movements around a merger and shareholder redemptions. Until then, cash flow statements mainly show a slow burn of costs while management searches for a deal.

Competitive Edge

Competitive Edge As a SPAC, Sizzle II competes not through products, but through its ability to attract a strong private company to merge with it. Its edge appears to come from its sponsor’s prior SPAC experience and a track record of closing at least one deal in the past. A defined focus on consumer, hospitality, real estate–adjacent, and related sectors can help them source targets where they have relationships and expertise. However, the SPAC market is crowded, high‑quality targets are in demand, and regulatory and market scrutiny of SPACs has increased, which can make it harder to stand out and to complete a value‑creating transaction.

Innovation and R&D

Innovation and R&D Sizzle II does not run research labs, build products, or develop technology itself. Its “innovation” is in deal-making: identifying a promising company, structuring a merger, and helping that business access the public markets. Any real innovation, technology, or proprietary advantage for investors to analyze will come from the company it eventually acquires. Until a target is announced, the key intangible asset is the management team’s judgment, network, and ability to find a business with genuine competitive strengths.

Summary

Sizzle Acquisition Corp. II is essentially an empty public shell with a pool of capital and an experienced sponsor searching for a company to merge with. The current financials show no operating activity, only small administrative losses and a simple, low‑complexity balance sheet. The true story here will begin only when a merger partner is chosen and transaction terms are set. At that point, analysis needs to shift almost entirely to the target’s business model, growth prospects, and risks. For now, the main considerations are the quality of the sponsor team, the sectors they are targeting, the competitive SPAC landscape, and the uncertainty around if and when a compelling deal will be completed and on what terms.