TVAI
TVAI
Thayer Ventures Acquisition Corporation II Class A Ordinary SharesIncome Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $158.13K ▼ | $1.97M ▲ | 0% | $0.07 ▲ | $-158.13K ▲ |
| Q2-2025 | $0 | $471.6K ▲ | $490.73K ▲ | 0% | $0.04 ▲ | $-507.85K ▼ |
| Q1-2025 | $0 | $18.1K | $-163.1K | 0% | $-0.01 | $-163.1K |
What's going well?
The company cut operating expenses sharply, reducing its losses. Net income is up, which could help with funding or investor confidence in the short term.
What's concerning?
There is still no revenue, so the business isn't generating sales. Profits are entirely from a one-time gain, not from running the business. Share dilution is also a concern for existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $204.38M ▲ | $205.09M ▲ | $8.51M ▼ | $196.59M ▲ |
| Q2-2025 | $202.25M ▲ | $203.14M ▲ | $8.52M ▲ | $194.62M ▲ |
| Q1-2025 | $0 | $1.14M | $1.2M | $-57.52K |
What's financially strong about this company?
TVAI is sitting on over $204 million in cash, with almost no debt and very few liabilities. Its assets are nearly all high-quality and liquid, making it extremely resilient to shocks.
What are the financial risks or weaknesses?
The company has negative retained earnings, meaning it has lost money in the past. There are no physical assets or investments, so future growth depends on how the cash is used.
About Thayer Ventures Acquisition Corporation II Class A Ordinary Shares
A blank-check SPAC formed in the Cayman Islands, targeting mergers or business combinations, particularly in travel & transportation tech.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $0 | $158.13K ▼ | $1.97M ▲ | 0% | $0.07 ▲ | $-158.13K ▲ |
| Q2-2025 | $0 | $471.6K ▲ | $490.73K ▲ | 0% | $0.04 ▲ | $-507.85K ▼ |
| Q1-2025 | $0 | $18.1K | $-163.1K | 0% | $-0.01 | $-163.1K |
What's going well?
The company cut operating expenses sharply, reducing its losses. Net income is up, which could help with funding or investor confidence in the short term.
What's concerning?
There is still no revenue, so the business isn't generating sales. Profits are entirely from a one-time gain, not from running the business. Share dilution is also a concern for existing shareholders.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $204.38M ▲ | $205.09M ▲ | $8.51M ▼ | $196.59M ▲ |
| Q2-2025 | $202.25M ▲ | $203.14M ▲ | $8.52M ▲ | $194.62M ▲ |
| Q1-2025 | $0 | $1.14M | $1.2M | $-57.52K |
What's financially strong about this company?
TVAI is sitting on over $204 million in cash, with almost no debt and very few liabilities. Its assets are nearly all high-quality and liquid, making it extremely resilient to shocks.
What are the financial risks or weaknesses?
The company has negative retained earnings, meaning it has lost money in the past. There are no physical assets or investments, so future growth depends on how the cash is used.
CEO
Christopher R. Hemmeter
Compensation Summary
(Year )
Price Target
Institutional Ownership
LINDEN ADVISORS LP
Shares:1.75M
Value:$17.82M
METEORA CAPITAL, LLC
Shares:1.17M
Value:$11.88M
ARISTEIA CAPITAL LLC
Shares:1.13M
Value:$11.45M
Summary
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