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byNordic Acquisition (BYNOW) Financials

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As of 07/15/2026 09:30 AM Eastern
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Annual Income Statements for byNordic Acquisition

Annual Income Statements for byNordic Acquisition

This table shows byNordic Acquisition's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -0.00 -0.07 1.16 3.41 -0.21 -0.73
Consolidated Net Income / (Loss)		 -0.00 -0.07 1.16 3.41 -0.21 -0.73
Net Income / (Loss) Continuing Operations		 -0.00 -0.07 1.16 3.41 -0.21 -0.73
Total Pre-Tax Income 		-0.00 -0.07 1.69 4.66 0.11 -0.66
Total Operating Income		 -0.00 -0.07 -1.11 -1.49 -1.45 -1.06
Total Gross Profit		 0.00 0.00 -0.20 -0.87 -0.07 -0.06
Total Revenue		 0.00 0.00 -0.20 0.00 -0.07 -0.06
Operating Revenue		 - - -0.20 - -0.07 -0.06
Total Cost of Revenue		 0.00 0.00 0.00 0.87 0.00 0.00
Total Operating Expenses		 0.00 0.07 0.91 0.62 1.38 1.00
Selling, General & Admin Expense		 0.00 0.07 0.77 0.33 1.24 0.88
Other Operating Expenses / (Income)		 - 0.00 0.14 0.29 0.15 0.12
Total Other Income / (Expense), net		 0.00 0.00 2.80 6.15 1.56 0.40
Interest & Investment Income		 - 0.00 2.75 6.15 1.56 0.40
Income Tax Expense		 - 0.00 0.53 1.25 0.31 0.07
Basic Earnings per Share		 $0.00 ($0.01) $0.10 $0.36 ($0.04) ($0.20)
Weighted Average Basic Shares Outstanding		 5.75M 5.75M 21.75M 18.77M 9.33M 7.48M
Diluted Earnings per Share		 $0.00 - - $0.36 ($0.04) ($0.20)
Weighted Average Diluted Shares Outstanding		 5.75M 5.75M - 18.77M 9.33M 7.48M
Weighted Average Basic & Diluted Shares Outstanding		 5.75M 5.75M - 10.28M 7.70M 7.13M

Quarterly Income Statements for byNordic Acquisition

This table shows byNordic Acquisition's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.72 0.25 0.09 0.08 -0.21 -0.17 -0.18 -0.14 -0.25 -0.17 -0.51
Consolidated Net Income / (Loss)		 0.72 0.25 0.09 0.08 -0.21 -0.17 -0.18 -0.14 -0.25 -0.17 -0.51
Net Income / (Loss) Continuing Operations		 0.72 0.25 0.09 0.08 -0.21 -0.17 -0.18 -0.14 -0.25 -0.17 -0.51
Total Pre-Tax Income 		1.01 0.35 0.20 0.18 -0.13 -0.14 -0.16 -0.11 -0.23 -0.16 -0.50
Total Operating Income		 -0.43 -0.17 -0.33 -0.35 -0.49 -0.28 -0.28 -0.24 -0.32 -0.21 -0.55
Total Gross Profit		 -0.36 0.07 -0.20 -0.23 0.00 0.36 -0.02 -0.13 0.00 0.20 -0.00
Total Revenue		 0.00 0.10 -0.05 -0.05 0.00 0.02 0.00 -0.03 0.00 -0.01 0.00
Total Cost of Revenue		 0.36 0.03 0.15 0.18 0.00 -0.34 0.02 0.11 0.00 -0.21 0.00
Other Cost of Revenue		 - - - - - - 0.02 - - - 0.00
Total Operating Expenses		 0.07 0.24 0.13 0.12 0.49 0.64 0.26 0.11 0.32 0.41 0.54
Selling, General & Admin Expense		 0.05 0.05 0.07 0.09 0.44 0.63 0.20 0.09 0.30 0.40 0.54
Other Operating Expenses / (Income)		 0.02 0.20 0.06 0.03 0.05 0.01 0.07 0.02 0.03 0.01 0.01
Total Other Income / (Expense), net		 1.44 0.52 0.53 0.53 0.36 0.14 0.13 0.13 0.09 0.05 0.05
Interest & Investment Income		 1.44 0.52 0.53 0.53 0.36 0.14 0.13 0.13 0.09 0.05 0.05
Income Tax Expense		 0.29 0.10 0.10 0.10 0.08 0.03 0.02 0.02 0.02 0.01 0.01
Basic Earnings per Share		 $0.08 $0.08 $0.02 $0.02 ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.14)
Weighted Average Basic Shares Outstanding		 17.11M 18.77M 10.28M 10.28M 9.07M 9.33M 7.70M 7.70M 7.39M 7.48M 7.13M
Diluted Earnings per Share		 $0.08 - $0.02 $0.02 ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.14)
Weighted Average Diluted Shares Outstanding		 17.11M 18.77M 10.28M 10.28M 9.07M 9.33M 7.70M 7.70M 7.39M 7.48M 7.13M
Weighted Average Basic & Diluted Shares Outstanding		 10.28M 10.28M 10.28M 7.70M 7.70M 7.70M 7.70M 7.13M 7.13M 7.13M 7.13M

Annual Cash Flow Statements for byNordic Acquisition

This table details how cash moves in and out of byNordic Acquisition's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.00 0.00 0.94 1.37 -2.03 0.07
Net Cash From Operating Activities		 0.00 -0.05 -0.84 -3.29 -3.03 -1.10
Net Cash From Continuing Operating Activities		 0.00 -0.05 -0.84 -3.29 -3.03 -1.10
Net Income / (Loss) Continuing Operations		 -0.00 -0.07 1.16 3.41 -0.21 -0.73
Consolidated Net Income / (Loss)		 -0.00 -0.07 1.16 3.41 -0.21 -0.73
Non-Cash Adjustments To Reconcile Net Income		 0.00 0.01 -2.71 -6.07 -1.45 -0.30
Changes in Operating Assets and Liabilities, net		 0.00 0.01 0.71 -0.63 -1.38 -0.07
Net Cash From Investing Activities		 0.00 0.00 -176 145 29 6.73
Net Cash From Continuing Investing Activities		 0.00 0.00 -176 145 29 6.73
Purchase of Investments		 - 0.00 -176 -2.35 -0.83 -0.37
Other Investing Activities, net		 - 0.00 0.01 148 30 7.10
Net Cash From Financing Activities		 0.00 0.05 178 -141 -28 -5.57
Net Cash From Continuing Financing Activities		 0.00 0.05 178 -141 -28 -5.57
Repurchase of Common Equity		 -0.19 -0.09 -0.30 -146 -29 -7.02
Issuance of Debt		 0.01 0.14 0.00 4.94 1.30 1.45

Quarterly Cash Flow Statements for byNordic Acquisition

This table details how cash moves in and out of byNordic Acquisition's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.13 1.38 -0.43 0.02 -0.34 -1.29 -0.00 -0.05 0.02 0.09 -0.25
Net Cash From Operating Activities		 -0.80 -0.47 -0.24 -0.47 -0.39 -1.93 -0.53 -0.18 -0.22 -0.16 -0.20
Net Cash From Continuing Operating Activities		 -0.80 -0.47 -0.24 -0.47 -0.39 -1.93 -0.53 -0.18 -0.22 -0.16 -0.20
Net Income / (Loss) Continuing Operations		 0.72 0.25 0.09 0.08 -0.21 -0.17 -0.18 -0.14 -0.25 -0.17 -0.51
Consolidated Net Income / (Loss)		 0.72 0.25 0.09 0.08 -0.21 -0.17 -0.18 -0.14 -0.25 -0.17 -0.51
Non-Cash Adjustments To Reconcile Net Income		 -1.42 -0.51 -0.50 -0.50 -0.34 -0.12 -0.12 -0.10 -0.06 -0.02 -0.02
Changes in Operating Assets and Liabilities, net		 -0.09 -0.21 0.17 -0.06 0.15 -1.64 -0.24 0.05 0.09 0.03 0.33
Net Cash From Investing Activities		 146 0.15 -0.19 -0.01 29 -0.03 -0.12 -0.07 6.96 -0.04 -0.05
Net Cash From Continuing Investing Activities		 146 0.15 -0.19 -0.01 29 -0.03 -0.12 -0.07 6.96 -0.04 -0.05
Purchase of Investments		 -0.63 - -0.21 -0.32 -0.19 -0.12 -0.12 -0.12 -0.08 -0.05 -0.05
Net Cash From Financing Activities		 -145 1.70 0.00 0.50 -29 0.30 0.65 0.20 -6.72 0.30 0.00
Net Cash From Continuing Financing Activities		 -145 1.70 0.00 0.50 -29 0.67 0.65 0.20 -6.75 0.33 0.00
Issuance of Debt		 0.74 1.70 0.00 0.50 0.50 0.30 0.65 0.20 0.30 0.30 0.00

Annual Balance Sheets for byNordic Acquisition

This table presents byNordic Acquisition's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 0.38 0.68 180 42 12 5.90
Total Current Assets		 0.00 0.00 1.16 2.34 0.38 0.37
Cash & Equivalents		 0.00 0.00 0.94 2.31 0.27 0.34
Prepaid Expenses		 - 0.00 0.22 0.03 0.11 0.03
Current Deferred & Refundable Income Taxes		 - - - - 0.00 0.00
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 0.38 0.68 179 40 12 5.53
Long-Term Investments		 - - 179 40 12 5.53
Total Liabilities & Shareholders' Equity		 0.38 0.68 180 42 12 5.90
Total Liabilities		 0.36 0.72 7.23 13 13 15
Total Current Liabilities		 0.36 0.72 1.02 6.66 7.05 8.52
Short-Term Debt		 - - 0.00 4.94 6.24 7.69
Accrued Expenses		 0.06 0.26 0.03 0.07 0.30 0.46
Current Deferred & Payable Income Tax Liabilities		 0.00 0.01 0.73 0.03 0.00 0.00
Other Current Liabilities		 0.30 0.44 0.05 1.57 0.50 0.38
Total Noncurrent Liabilities		 0.00 0.00 6.21 6.25 6.22 6.22
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 0.04 0.01 0.00
Other Noncurrent Operating Liabilities		 0.00 0.00 6.21 6.21 6.21 6.21
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 - 0.00 178 39 12 5.53
Total Equity & Noncontrolling Interests		 0.02 -0.04 -5.34 -10 -13 -14
Total Preferred & Common Equity		 0.02 -0.04 -5.34 -10 -13 -14
Preferred Stock		 - 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 0.02 -0.04 -5.34 -10 -13 -14
Common Stock		 0.03 0.02 0.00 0.00 0.00 0.00
Retained Earnings		 -0.00 -0.07 -5.34 -10 -13 -14

Quarterly Balance Sheets for byNordic Acquisition

This table presents byNordic Acquisition's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 40 42 43 14 12 13 5.74 5.76
Total Current Assets		 0.96 1.94 1.94 2.00 0.39 0.30 0.30 0.13
Cash & Equivalents		 0.92 1.88 1.90 1.93 0.27 0.22 0.24 0.09
Prepaid Expenses		 0.04 0.06 0.04 0.07 0.12 0.07 0.05 0.04
Current Deferred & Refundable Income Taxes		 - - - - - 0.01 0.00 0.00
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 39 40 41 12 12 12 5.44 5.63
Long-Term Investments		 - 40 41 12 12 12 5.44 5.63
Total Liabilities & Shareholders' Equity		 40 42 43 14 12 13 5.74 5.76
Total Liabilities		 11 13 14 15 14 14 14 15
Total Current Liabilities		 5.16 6.87 7.33 8.33 7.48 7.72 8.19 8.89
Short-Term Debt		 3.24 4.94 5.44 5.94 6.89 7.09 7.39 7.69
Accrued Expenses		 0.03 0.13 0.14 0.34 0.34 0.38 0.45 0.78
Current Deferred & Payable Income Tax Liabilities		 0.09 0.21 0.04 0.12 0.02 0.00 0.00 0.01
Other Current Liabilities		 1.46 0.14 0.26 1.94 0.22 0.25 0.35 0.41
Total Noncurrent Liabilities		 6.21 6.21 6.21 6.21 6.22 6.22 6.22 6.22
Noncurrent Deferred & Payable Income Tax Liabilities		 - 0.00 0.00 0.00 0.01 0.01 0.00 0.00
Other Noncurrent Operating Liabilities		 6.21 6.21 6.21 6.21 6.21 6.21 6.21 6.21
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 39 40 41 12 12 12 5.44 5.62
Total Equity & Noncontrolling Interests		 -10 -11 -12 -13 -13 -14 -14 -15
Total Preferred & Common Equity		 -10 -11 -12 -13 -13 -14 -14 -15
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -10 -11 -12 -13 -13 -14 -14 -15
Common Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Retained Earnings		 -10 -11 -12 -13 -13 -14 -14 -15

Annual Metrics And Ratios for byNordic Acquisition

This table displays calculated financial ratios and metrics derived from byNordic Acquisition's official financial filings.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 23,940,000.00 10,276,272.00 10,276,272.00 10,276,272.00
DEI Adjusted Shares Outstanding		 0.00 0.00 23,940,000.00 10,276,272.00 10,276,272.00 10,276,272.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.05 0.33 -0.02 -0.07
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 100.00% 0.00% 19.26%
EBITDA Growth		 0.00% -29,625.11% -1,492.65% -41.52% 2.66% 27.23%
EBIT Growth		 0.00% -29,625.11% -1,492.65% -41.52% 2.66% 27.23%
NOPAT Growth		 0.00% -29,625.11% -1,535.98% -43.89% 359.26% -126.16%
Net Income Growth		 0.00% -29,625.11% 1,851.20% 193.47% -106.06% -254.20%
EPS Growth		 0.00% 0.00% 0.00% 0.00% -111.11% -400.00%
Operating Cash Flow Growth		 0.00% 0.00% -1,573.02% -293.80% 8.00% 63.86%
Free Cash Flow Firm Growth		 0.00% 0.00% 30,142.62% -103.11% 1,053.79% -134.66%
Invested Capital Growth		 0.00% -286.87% -15,975.82% -12.84% 12.56% -1.50%
Revenue Q/Q Growth		 0.00% 0.00% -98.53% 100.00% -710.88% -225.61%
EBITDA Q/Q Growth		 0.00% 0.00% -30.36% 8.39% -8.06% 6.34%
EBIT Q/Q Growth		 0.00% 0.00% -30.36% 8.39% -8.06% 6.34%
NOPAT Q/Q Growth		 0.00% 0.00% -33.91% 9.67% 678.27% 6.34%
Net Income Q/Q Growth		 0.00% 0.00% 929.06% -23.36% -194.34% 1.11%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -11.11%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -4.66% -13.02% -93.48% 61.75%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% -100.14% -95.31% 73.04%
Invested Capital Q/Q Growth		 0.00% 0.00% -104.11% -125.38% 18.99% -0.81%
Profitability Metrics		 - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 100.00% 100.00% 68.52% 73.11% -194.71% 110.83%
Interest Burden Percent		 100.00% 100.00% -160.47% -311.90% -7.29% 62.36%
Effective Tax Rate		 0.00% 0.00% 31.48% 26.89% 294.71% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 -0.96% 675.26% 1.35% 3.38% -1.48% 14.86%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -0.96% 675.26% -0.04% -0.26% 1.23% 41.21%
Return on Equity Simple (ROE_SIMPLE)		 -0.96% 154.30% -21.75% -32.62% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.00 -0.05 -0.76 -1.09 2.83 -0.74
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.00% -6,303.04% 2.14% 4.16% -14.20% 0.46%
Return On Investment Capital (ROIC_SIMPLE)		 - - - 19.83% -42.31% 11.09%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -0.00 -0.07 -1.06 -1.49 -1.45 -1.06
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.00 -0.07 -1.06 -1.49 -1.45 -1.06
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 6,430.32 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 6,430.32 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 131.80 60.34 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.76% 1.66% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 6,430.32 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 39.73 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 7,310.94 24.39 0.00 61.19 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.17 -6.16 -0.87
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 0.03 -1.04 -1.07 -1.53 0.42
Leverage Ratio		 16.31 -53.81 1.05 1.10 1.93 -1.84
Compound Leverage Factor		 16.31 -53.81 -1.68 -3.43 -0.14 -1.15
Debt to Total Capital		 0.00% 0.00% 0.00% 14.55% 119.37% -669.82%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 14.55% 119.37% -669.82%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 103.09% 116.24% 228.13% -482.39%
Common Equity to Total Capital		 100.00% 100.00% -3.09% -30.79% -247.50% 1,252.21%
Debt to EBITDA		 0.00 0.00 0.00 -3.30 -4.29 -7.26
Net Debt to EBITDA		 0.00 0.00 0.00 24.69 4.06 -1.71
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 -4.52 2.20 -10.37
Net Debt to NOPAT		 0.00 0.00 0.00 33.77 -2.08 -2.45
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 250.84 123.45 12.64 8.99 2.29 -2.21
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 103.12% 107.83% 183.56% -177.28%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 0.00 1.14 0.35 0.05 0.04
Quick Ratio		 0.00 0.00 0.92 0.35 0.04 0.04
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.02 6.20 -0.19 1.84 -0.64
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.02 -0.04 -7.01 -7.91 -6.91 -7.02
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 -0.07 -6.96 -0.90 0.99 -0.10
Enterprise Value (EV)		 150 150 151 208 113 92
Market Capitalization		 150 150 153 206 106 85
Book Value per Share		 $0.00 ($0.01) ($0.22) ($1.02) ($1.39) ($1.92)
Tangible Book Value per Share		 $0.00 ($0.01) ($0.22) ($1.02) ($1.39) ($1.92)
Total Capital		 0.02 -0.04 173 34 5.22 -1.15
Total Debt		 0.00 0.00 0.00 4.94 6.24 7.69
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -0.00 -180 -37 -5.90 1.81
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.36 -0.72 -0.80 -1.69 -0.70 -0.81
Debt-free Net Working Capital (DFNWC)		 -0.36 -0.72 0.14 0.61 -0.43 -0.47
Net Working Capital (NWC)		 -0.36 -0.72 0.14 -4.32 -6.66 -8.15
Net Nonoperating Expense (NNE)		 0.00 0.02 -1.92 -4.50 3.04 -0.01
Net Nonoperating Obligations (NNO)		 0.00 -0.00 -180 -37 -5.90 1.81
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.01) $0.10 $0.36 ($0.04) ($0.20)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 23M 21.75M 18.77M 9.33M 7.48M
Adjusted Diluted Earnings per Share		 $0.00 ($0.01) $0.00 $0.00 ($0.04) ($0.20)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 23M 0.00 10.28M 9.33M 7.48M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.01) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 5.75M 0.00 10.28M 7.70M 7.13M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.00 -0.05 -0.76 -1.09 -1.02 -0.74
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -86,169.06% -141.48% 25.71% 4,273.49% -14,279.00% -959.57%

Quarterly Metrics And Ratios for byNordic Acquisition

This table displays calculated financial ratios and metrics derived from byNordic Acquisition's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 7,126,743.00
DEI Adjusted Shares Outstanding		 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 10,276,272.00 7,126,743.00
DEI Earnings Per Adjusted Shares Outstanding		 0.07 0.02 0.01 0.01 -0.02 -0.02 -0.02 -0.01 -0.02 -0.02 -0.07
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 205.71% 15.80% 6.40% 0.00% -80.25% 100.00% 42.78% 0.00% -157.16% 0.00%
EBITDA Growth		 -88.52% 44.21% 35.79% 6.55% -14.15% -62.82% 14.44% 30.86% 34.22% 25.50% -92.70%
EBIT Growth		 -88.52% 44.21% 35.79% 6.55% -14.15% -62.82% 14.44% 30.86% 34.22% 25.50% -92.70%
NOPAT Growth		 -88.63% 47.90% 57.02% 45.68% -12.80% -59.70% -23.75% -10.58% 34.22% 25.50% -92.70%
Net Income Growth		 119.96% -80.54% -90.95% -94.30% -128.78% -169.58% -289.44% -271.13% -21.18% 4.72% -181.88%
EPS Growth		 0.00% 0.00% 0.00% 0.00% -150.00% 0.00% -300.00% -300.00% -50.00% -50.00% -250.00%
Operating Cash Flow Growth		 -1,181.75% -434.87% 57.69% 67.91% 50.93% -313.77% -124.12% 61.81% 43.63% 91.57% 62.59%
Free Cash Flow Firm Growth		 181.45% -88.46% 5,247.93% 2,797.65% -71.67% -253.27% -100.89% -100.79% -104.57% 96.39% 119.01%
Invested Capital Growth		 -81.71% -12.84% -104.68% -104.57% -127.40% 12.56% 17.37% 16.07% 18.43% -1.50% -10.27%
Revenue Q/Q Growth		 100.00% 0.00% -143.78% -2.63% 100.00% 0.00% -100.00% -37.68% 100.00% 0.00% 100.00%
EBITDA Q/Q Growth		 -14.42% 59.87% -91.66% -6.21% -39.76% 42.77% -0.71% 14.18% -32.97% 35.18% -160.50%
EBIT Q/Q Growth		 -14.42% 59.87% -91.66% -6.21% -39.76% 42.77% -0.71% 14.18% -32.97% 35.18% -160.50%
NOPAT Q/Q Growth		 -7.64% 59.58% -29.97% 3.96% -123.53% 42.77% -0.71% 14.18% -32.97% 35.18% -160.50%
Net Income Q/Q Growth		 -48.58% -64.98% -62.24% -16.13% -359.47% 15.32% -2.80% 24.24% -83.73% 33.42% -204.14%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -300.00% 0.00% 0.00% 0.00% -50.00% 0.00% -133.33%
Operating Cash Flow Q/Q Growth		 45.92% 41.33% 49.12% -98.77% 17.30% -394.71% 72.44% 66.13% -22.06% 25.99% -22.24%
Free Cash Flow Firm Q/Q Growth		 2,131.08% -99.44% 23,219.53% 1.87% -78.67% -103.02% -34.77% 8.58% -22.73% 97.61% 809.33%
Invested Capital Q/Q Growth		 -82.35% -125.38% -2.34% 0.32% -5.80% 18.99% 3.28% -1.25% -2.82% -0.81% -5.07%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 68.89% 0.00% 0.00% 0.00% 1,729.74% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% -165.73% 0.00% 0.00% 0.00% -1,366.21% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 0.00% -165.73% 0.00% 0.00% 0.00% -1,366.21% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 0.00% -165.73% 0.00% 0.00% 0.00% -1,366.21% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 240.87% 0.00% 0.00% 0.00% -848.55% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 70.84% 71.37% 48.40% 43.77% 162.17% 121.16% 114.24% 118.59% 107.72% 106.32% 101.92%
Interest Burden Percent		 -235.05% -203.65% -59.16% -51.66% 25.88% 51.26% 55.50% 47.19% 71.79% 74.71% 91.00%
Effective Tax Rate		 29.16% 28.63% 51.60% 56.23% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 4.44% 3.38% 0.00% 0.00% 0.00% -1.48% -3.45% -5.00% 15.57% 14.86% 20.10%
Cash Return on Invested Capital (CROIC)		 136.95% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -0.34% -0.26% 0.00% 0.00% 0.00% 1.23% 3.00% 4.53% 43.63% 41.21% 53.96%
Return on Equity Simple (ROE_SIMPLE)		 -43.08% 0.00% -22.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.30 -0.12 -0.16 -0.15 -0.34 -0.20 -0.20 -0.17 -0.23 -0.15 -0.38
NOPAT Margin		 0.00% -118.28% 0.00% 0.00% 0.00% -956.35% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 -146.73% 0.35% 1.35% 1.30% 5.21% 0.10% 0.09% 0.16% -0.79% -0.97% -7.03%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.24% 2.67% 2.52% 5.22% 2.94% 3.08% 2.59% 3.36% 2.19% 5.25%
Cost of Revenue to Revenue		 0.00% 31.11% 0.00% 0.00% 0.00% -1,629.74% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 44.99% 0.00% 0.00% 0.00% 3,048.77% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 234.62% 0.00% 0.00% 0.00% 3,095.96% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -0.43 -0.17 -0.33 -0.35 -0.49 -0.28 -0.28 -0.24 -0.32 -0.21 -0.55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.43 -0.17 -0.33 -0.35 -0.49 -0.28 -0.28 -0.24 -0.32 -0.21 -0.55
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 13,328.65 9,867.60 8,818.15 0.00 0.00 1,894.06 1,817.70 0.00 0.00
Price to Earnings (P/E)		 41.68 60.34 46.46 101.65 473.61 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 2.40% 1.66% 2.15% 0.98% 0.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 7.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 13,660.14 10,163.14 9,157.00 0.00 0.00 2,043.04 1,972.56 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 39.73 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 1.64 0.00 0.65 0.65 2.75 61.19 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.11 0.17 0.17 0.19 -7.09 -6.16 -5.78 -5.34 -0.85 -0.87 -0.82
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.01 -1.07 -0.19 -0.18 -0.19 -1.53 -1.53 -1.53 0.63 0.42 0.34
Leverage Ratio		 1.09 1.10 1.10 1.11 1.93 1.93 1.96 1.99 -2.05 -1.84 -1.73
Compound Leverage Factor		 -2.56 -2.24 -0.65 -0.57 0.50 0.99 1.09 0.94 -1.47 -1.38 -1.58
Debt to Total Capital		 10.12% 14.55% 14.51% 15.71% 116.42% 119.37% 120.92% 123.03% -576.50% -669.82% -464.86%
Short-Term Debt to Total Capital		 10.12% 14.55% 14.51% 15.71% 116.42% 119.37% 120.92% 123.03% -576.50% -669.82% -464.86%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 122.16% 116.24% 117.62% 117.65% 229.14% 228.13% 212.88% 213.98% -425.06% -482.39% -340.12%
Common Equity to Total Capital		 -32.28% -30.79% -32.13% -33.36% -245.56% -247.50% -233.79% -237.01% 1,101.56% 1,252.21% 904.98%
Debt to EBITDA		 -1.98 -3.30 -3.77 -4.23 -4.41 -4.29 -4.89 -5.46 -6.53 -7.26 -5.82
Net Debt to EBITDA		 -1.42 24.69 28.38 28.96 5.72 4.06 3.91 4.19 -1.51 -1.71 -1.49
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -2.68 -4.52 -5.23 -6.45 -12.12 2.20 -6.99 -7.80 -9.34 -10.37 -8.31
Net Debt to NOPAT		 -1.91 33.77 39.40 44.16 15.72 -2.08 5.58 5.99 -2.16 -2.45 -2.13
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 9.25 9.09 4.70 4.58 2.33 2.61 1.58 1.48 -1.78 -1.73 -2.57
Noncontrolling Interest Sharing Ratio		 107.72% 107.83% 0.00% 0.00% 0.00% 183.56% 186.93% 190.51% -180.22% -177.28% -168.52%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.19 0.35 0.28 0.27 0.24 0.05 0.05 0.04 0.04 0.04 0.01
Quick Ratio		 0.18 0.35 0.27 0.26 0.23 0.04 0.04 0.03 0.03 0.04 0.01
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 139 0.78 181 184 39 -1.19 -1.60 -1.47 -1.80 -0.04 0.30
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 3.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 114.86 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 31 -7.91 -8.09 -8.07 -8.53 -6.91 -6.69 -6.77 -6.96 -7.02 -7.37
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 -0.01 0.00 0.00
Increase / (Decrease) in Invested Capital		 -139 -0.90 -181 -185 -40 0.99 1.41 1.30 1.57 -0.10 -0.69
Enterprise Value (EV)		 227 208 117 119 108 113 94 94 91 92 89
Market Capitalization		 185 206 114 116 104 106 87 87 84 85 81
Book Value per Share		 ($1.00) ($1.02) ($1.06) ($1.12) ($1.38) ($1.39) ($1.73) ($1.77) ($1.91) ($1.92) ($2.10)
Tangible Book Value per Share		 ($1.00) ($1.02) ($1.06) ($1.12) ($1.38) ($1.39) ($1.73) ($1.77) ($1.91) ($1.92) ($2.10)
Total Capital		 32 34 34 35 5.10 5.22 5.69 5.76 -1.28 -1.15 -1.65
Total Debt		 3.24 4.94 4.94 5.44 5.94 6.24 6.89 7.09 7.39 7.69 7.69
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 2.31 -37 -37 -37 -7.70 -5.90 -5.50 -5.44 1.70 1.81 1.96
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.89 -1.69 -1.88 -1.85 -2.32 -0.70 -0.47 -0.56 -0.75 -0.81 -1.16
Debt-free Net Working Capital (DFNWC)		 -0.97 0.61 0.00 0.05 -0.39 -0.43 -0.20 -0.34 -0.50 -0.47 -1.07
Net Working Capital (NWC)		 -4.20 -4.32 -4.93 -5.39 -6.32 -6.66 -7.09 -7.42 -7.89 -8.15 -8.76
Net Nonoperating Expense (NNE)		 -1.02 -0.37 -0.25 -0.23 -0.14 -0.02 -0.02 -0.03 0.02 0.02 0.12
Net Nonoperating Obligations (NNO)		 2.42 -37 -37 -37 -7.70 -5.90 -5.50 -5.44 1.70 1.81 1.96
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% -21,964.92% -15,764.62% -19,746.52% 0.00% 0.00% -1,207.96% -1,621.68% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 13.80% 409.00% -3,290.86% 0.00% 0.00% -730.82% -1,093.17% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% -57,651.54% -45,814.85% -53,767.13% 0.00% 0.00% -16,076.61% -17,088.75% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.08 $0.08 $0.02 $0.02 ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.14)
Adjusted Weighted Average Basic Shares Outstanding		 17.11M 18.77M 10.28M 10.28M 9.07M 9.33M 7.70M 7.70M 7.39M 7.48M 7.13M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.14)
Adjusted Weighted Average Diluted Shares Outstanding		 10.28M 18.77M 10.28M 7.70M 9.07M 9.33M 7.70M 7.70M 7.39M 7.48M 7.13M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 10.28M 10.28M 10.28M 7.70M 7.70M 7.70M 7.70M 7.13M 7.13M 7.13M 7.13M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.30 -0.12 -0.23 -0.25 -0.34 -0.20 -0.20 -0.17 -0.23 -0.15 -0.38
Normalized NOPAT Margin		 0.00% -118.28% 0.00% 0.00% 0.00% -956.35% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 337.51% 0.00% 0.00% 0.00% -700.34% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 3,275.14% 4,273.49% 0.00% 0.00% 13,471.26% -14,279.00% 0.00% 0.00% -948.87% -959.57% 0.00%

Financials Breakdown Chart

Key Financial Trends

byNordic Acquisition (NASDAQ: BYNO) has continued to operate like a special purpose acquisition company with no meaningful revenue, and the financial statements show a business still dependent on interest income, investment activity, and debt financing rather than operating cash flow.

Over the last four years, the big picture is clear: cash balances have fallen sharply from 2024 highs, liabilities remain elevated, and common equity is deeply negative. While the company has produced some positive quarters from investment income, those gains have been inconsistent and have not offset persistent operating losses.

Recent quarter snapshot (Q1 2026): BYNO reported no revenue, an operating loss of $545,449, and a net loss of $505,855. Operating cash flow was negative $199,071, investing cash flow was negative $52,410, and cash and equivalents ended the quarter at just $86,274.

  • Investment income continues to provide some offset to operating losses. In Q1 2026, interest and investment income was $49,110, helping reduce pretax losses.
  • Cash did not go to zero in Q1 2026. Despite the loss, BYNO still had $86,274 in cash and equivalents at quarter-end.
  • Long-term investments remain on the balance sheet. BYNO reported $5.63 million in long-term investments in Q1 2026, which provides some asset backing.
  • Q4 2024 and parts of 2023 showed the company can generate strong investment income. Interest and investment income reached $524,166 in Q4 2023 and $532,914 in Q2 2024, which temporarily supported profitability.
  • There is no operating revenue trend to evaluate in the usual sense. Revenue is mostly zero or negligible across the period, so results are driven by non-operating items.
  • Share count has fluctuated materially over time. Basic shares outstanding moved from 17.1 million in Q3 2023 to 7.1 million in Q1 2026, which complicates per-share comparisons.
  • The company’s structure still includes a large redeemable noncontrolling interest. This is typical for a SPAC-like structure but adds complexity to the capital stack.
  • Operating losses remain persistent. BYNO posted losses in Q1 2026, Q4 2025, Q3 2025, and several periods before that, showing no durable improvement in core profitability.
  • Cash has declined dramatically from prior years. Cash and equivalents fell from $1.88 million in Q1 2024 and $1.93 million in Q3 2024 to only $86,274 in Q1 2026.
  • Liabilities exceed assets by a wide margin for common shareholders. In Q1 2026, total liabilities were $15.10 million versus $5.76 million in assets, while total common equity was negative $14.96 million.

The balance sheet remains the biggest concern. In Q1 2026, BYNO had $8.89 million in current liabilities and $6.22 million in noncurrent liabilities, compared with only $127,939 in current assets. That creates a very weak liquidity profile on a conventional basis.

Leverage also remains meaningful. Short-term debt stood at $7.69 million in Q1 2026, while retained earnings were negative $14.96 million. Even though the company continues to hold investments, the financial structure still looks highly dependent on capital market activity and asset performance.

From a trend perspective, the most important development is that BYNO’s cash runway appears much tighter than it was in 2024. The company has repeatedly funded itself with debt issuance in prior periods, but operating cash flow has remained negative and recent quarter-end cash is minimal.

Bottom line: BYNO does not currently look like a fundamentally strong operating business. For retail investors, the stock appears to be driven more by balance-sheet structure, investment income, and transaction-related outcomes than by operating performance. The key risk is that cash is low, losses continue, and liabilities remain heavy.

07/16/26 07:42 PM ETAI Generated. May Contain Errors.

byNordic Acquisition Financials - Frequently Asked Questions

According to the most recent income statement we have on file, byNordic Acquisition's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

byNordic Acquisition's net income appears to be on a downward trend, with a most recent value of -$731.54 thousand in 2025, rising from -$223.00 in 2020. The previous period was -$206.54 thousand in 2024.

byNordic Acquisition's total operating income in 2025 was -$1.06 million, based on the following breakdown:
  • Total Gross Profit: -$57.99 thousand
  • Total Operating Expenses: $1.00 million

Over the last 5 years, byNordic Acquisition's total revenue changed from $0.00 in 2020 to -$57.99 thousand in 2025, a change of -5,799,100.0%.

byNordic Acquisition's total liabilities were at $14.74 million at the end of 2025, a 11.1% increase from 2024, and a 4,025.8% increase since 2020.

In the past 5 years, byNordic Acquisition's cash and equivalents has ranged from $0.00 in 2020 to $2.31 million in 2023, and is currently $337.76 thousand as of their latest financial filing in 2025.

Over the last 5 years, byNordic Acquisition's book value per share changed from 0.00 in 2020 to -1.92 in 2025, a change of -46,973.2%.


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Financial statements for NASDAQ:BYNOW last updated on 7/16/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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