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byNordic Acquisition (BYNOW) Financials

$0.09 -0.01 (-12.00%)
As of 12:39 PM Eastern
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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 0.25 0.09 0.08 -0.21 -0.17 -0.18 -0.14 -0.25 -0.17 -0.51 -0.32
Consolidated Net Income / (Loss)		 0.25 0.09 0.08 -0.21 -0.17 -0.18 -0.14 -0.25 -0.17 -0.51 -0.32
Net Income / (Loss) Continuing Operations		 0.25 0.09 0.08 -0.21 -0.17 -0.18 -0.14 -0.25 -0.17 -0.51 -0.32
Total Pre-Tax Income 		0.35 0.20 0.18 -0.13 -0.14 -0.16 -0.11 -0.23 -0.16 -0.50 -0.31
Total Operating Income		 -0.17 -0.33 -0.35 -0.49 -0.28 -0.28 -0.24 -0.32 -0.21 -0.55 -0.36
Total Gross Profit		 0.07 -0.20 -0.23 0.00 0.36 -0.02 0.00 0.00 0.20 -0.00 0.00
Total Revenue		 0.10 -0.05 -0.05 0.00 0.02 0.00 0.00 0.00 -0.01 0.00 0.00
Total Cost of Revenue		 0.03 0.15 0.18 0.00 -0.34 0.02 0.00 0.00 -0.21 0.00 0.00
Total Operating Expenses		 0.24 0.13 0.12 0.49 0.64 0.26 0.24 0.32 0.41 0.54 0.36
Selling, General & Admin Expense		 0.05 0.07 0.09 0.44 0.63 0.20 0.22 0.30 0.40 0.54 0.35
Other Operating Expenses / (Income)		 0.20 0.06 0.03 0.05 0.01 0.07 0.02 0.03 0.01 0.01 0.01
Total Other Income / (Expense), net		 0.52 0.53 0.53 0.36 0.14 0.13 0.13 0.09 0.05 0.05 0.05
Interest & Investment Income		 0.52 0.53 0.53 0.36 0.14 0.13 0.13 0.09 0.05 0.05 0.05
Income Tax Expense		 0.10 0.10 0.10 0.08 0.03 0.02 0.02 0.02 0.01 0.01 0.01
Basic Earnings per Share		 $0.08 $0.02 $0.02 ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.14) ($0.10)
Weighted Average Basic Shares Outstanding		 18.77M 10.28M 10.28M 9.07M 9.33M 7.70M 7.70M 7.39M 7.48M 7.13M 7.13M
Diluted Earnings per Share		 - $0.02 $0.02 ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.14) ($0.10)
Weighted Average Diluted Shares Outstanding		 18.77M 10.28M 10.28M 9.07M 9.33M 7.70M 7.70M 7.39M 7.48M 7.13M 7.13M
Weighted Average Basic & Diluted Shares Outstanding		 10.28M 10.28M 7.70M 7.70M 7.70M 7.70M 7.13M 7.13M 7.13M 7.13M 6.91M

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

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 Q2 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 6/30/2026
Total Assets		 40 42 43 14 12 13 5.74 5.76 5.91
Total Current Assets		 0.96 1.94 1.94 2.00 0.39 0.30 0.30 0.13 0.19
Cash & Equivalents		 0.92 1.88 1.90 1.93 0.27 0.22 0.24 0.09 0.15
Prepaid Expenses		 0.04 0.06 0.04 0.07 0.12 0.07 0.05 0.04 0.04
Current Deferred & Refundable Income Taxes		 - - - - - 0.01 0.00 0.00 0.00
Plant, Property, & Equipment, net		 0.00 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 5.72
Long-Term Investments		 - 40 41 12 12 12 5.44 5.63 5.72
Total Liabilities & Shareholders' Equity		 40 42 43 14 12 13 5.74 5.76 5.91
Total Liabilities		 11 13 14 15 14 14 14 15 16
Total Current Liabilities		 5.16 6.87 7.33 8.33 7.48 7.72 8.19 8.89 9.35
Short-Term Debt		 3.24 4.94 5.44 5.94 6.89 7.09 7.39 7.69 7.94
Accrued Expenses		 0.03 0.13 0.14 0.34 0.34 0.38 0.45 0.78 0.97
Current Deferred & Payable Income Tax Liabilities		 0.09 0.21 0.04 0.12 0.02 0.00 0.00 0.01 0.00
Other Current Liabilities		 1.46 0.14 0.26 1.94 0.22 0.25 0.35 0.41 0.44
Total Noncurrent Liabilities		 6.21 6.21 6.21 6.21 6.22 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 0.00
Other Noncurrent Operating Liabilities		 6.21 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 0.00
Redeemable Noncontrolling Interest		 39 40 41 12 12 12 5.44 5.62 5.72
Total Equity & Noncontrolling Interests		 -10 -11 -12 -13 -13 -14 -14 -15 -15
Total Preferred & Common Equity		 -10 -11 -12 -13 -13 -14 -14 -15 -15
Preferred Stock		 0.00 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 -15
Common Stock		 0.00 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 -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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 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 6/30/2026
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 7,126,743.00 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 7,126,743.00 7,126,743.00
DEI Earnings Per Adjusted Shares Outstanding		 0.02 0.01 0.01 -0.02 -0.02 -0.02 -0.01 -0.02 -0.02 -0.07 -0.05
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 205.71% 15.80% 6.40% 0.00% -80.25% 100.00% 42.78% 0.00% -157.16% 0.00% 0.00%
EBITDA Growth		 44.21% 35.79% 6.55% -14.15% -62.82% 14.44% 30.86% 34.22% 25.50% -92.70% -47.98%
EBIT Growth		 44.21% 35.79% 6.55% -14.15% -62.82% 14.44% 30.86% 34.22% 25.50% -92.70% -47.98%
NOPAT Growth		 47.90% 57.02% 45.68% -12.80% -59.70% -23.75% -10.58% 34.22% 25.50% -92.70% -47.98%
Net Income Growth		 -80.54% -90.95% -94.30% -128.78% -169.58% -289.44% -271.13% -21.18% 4.72% -181.88% -136.52%
EPS Growth		 0.00% 0.00% 0.00% -150.00% 0.00% -300.00% -300.00% -50.00% -50.00% -250.00% -150.00%
Operating Cash Flow Growth		 -434.87% 57.69% 67.91% 50.93% -313.77% -124.12% 61.81% 43.63% 91.57% 62.59% 15.66%
Free Cash Flow Firm Growth		 -88.46% 5,247.93% 2,797.65% -71.67% -253.27% -100.89% -100.79% -104.57% 96.39% 119.01% 138.97%
Invested Capital Growth		 -12.84% -104.68% -104.57% -127.40% 12.56% 17.37% 16.07% 18.43% -1.50% -10.27% -12.16%
Revenue Q/Q Growth		 0.00% -143.78% -2.63% 100.00% 0.00% -100.00% -37.68% 100.00% 0.00% 100.00% 0.00%
EBITDA Q/Q Growth		 59.87% -91.66% -6.21% -39.76% 42.77% -0.71% 14.18% -32.97% 35.18% -160.50% 34.09%
EBIT Q/Q Growth		 59.87% -91.66% -6.21% -39.76% 42.77% -0.71% 14.18% -32.97% 35.18% -160.50% 34.09%
NOPAT Q/Q Growth		 59.58% -29.97% 3.96% -123.53% 42.77% -0.71% 14.18% -32.97% 35.18% -160.50% 34.09%
Net Income Q/Q Growth		 -64.98% -62.24% -16.13% -359.47% 15.32% -2.80% 24.24% -83.73% 33.42% -204.14% 36.43%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -300.00% 0.00% 0.00% 0.00% -50.00% 0.00% -133.33% 28.57%
Operating Cash Flow Q/Q Growth		 41.33% 49.12% -98.77% 17.30% -394.71% 72.44% 66.13% -22.06% 25.99% -22.24% 23.63%
Free Cash Flow Firm Q/Q Growth		 -99.44% 23,219.53% 1.87% -78.67% -103.02% -34.77% 8.58% -22.73% 97.61% 809.33% 87.45%
Invested Capital Q/Q Growth		 -125.38% -2.34% 0.32% -5.80% 18.99% 3.28% -1.25% -2.82% -0.81% -5.07% -2.98%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 68.89% 0.00% 0.00% 0.00% 1,729.74% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 -165.73% 0.00% 0.00% 0.00% -1,366.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 -165.73% 0.00% 0.00% 0.00% -1,366.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 -165.73% 0.00% 0.00% 0.00% -1,366.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 240.87% 0.00% 0.00% 0.00% -848.55% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 71.37% 48.40% 43.77% 162.17% 121.16% 114.24% 118.59% 107.72% 106.32% 101.92% 103.93%
Interest Burden Percent		 -203.65% -59.16% -51.66% 25.88% 51.26% 55.50% 47.19% 71.79% 74.71% 91.00% 86.07%
Effective Tax Rate		 28.63% 51.60% 56.23% 0.00% 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)		 3.38% 0.00% 0.00% 0.00% -1.48% -3.45% -5.00% 15.57% 14.86% 20.10% 22.64%
Cash Return on Invested Capital (CROIC)		 0.00% 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)		 -0.26% 0.00% 0.00% 0.00% 1.23% 3.00% 4.53% 43.63% 41.21% 53.96% 59.82%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -22.46% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.12 -0.16 -0.15 -0.34 -0.20 -0.20 -0.17 -0.23 -0.15 -0.38 -0.25
NOPAT Margin		 -118.28% 0.00% 0.00% 0.00% -956.35% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.35% 1.35% 1.30% 5.21% 0.10% 0.09% 0.16% -0.79% -0.97% -7.03% -4.14%
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% 3.38%
Cost of Revenue to Revenue		 31.11% 0.00% 0.00% 0.00% -1,629.74% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 44.99% 0.00% 0.00% 0.00% 3,048.77% 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% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 234.62% 0.00% 0.00% 0.00% 3,095.96% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -0.17 -0.33 -0.35 -0.49 -0.28 -0.28 -0.24 -0.32 -0.21 -0.55 -0.36
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.17 -0.33 -0.35 -0.49 -0.28 -0.28 -0.24 -0.32 -0.21 -0.55 -0.36
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 13,328.65 9,867.60 8,818.15 0.00 0.00 1,894.06 1,817.70 0.00 0.00 0.00
Price to Earnings (P/E)		 60.34 46.46 101.65 473.61 0.00 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		 1.66% 2.15% 0.98% 0.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 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 Revenue (EV/Rev)		 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 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 39.73 0.00 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)		 0.00 0.65 0.65 2.75 61.19 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.17 0.17 0.19 -7.09 -6.16 -5.78 -5.34 -0.85 -0.87 -0.82 -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		 -1.07 -0.19 -0.18 -0.19 -1.53 -1.53 -1.53 0.63 0.42 0.34 0.31
Leverage Ratio		 1.10 1.10 1.11 1.93 1.93 1.96 1.99 -2.05 -1.84 -1.73 -1.69
Compound Leverage Factor		 -2.24 -0.65 -0.57 0.50 0.99 1.09 0.94 -1.47 -1.38 -1.58 -1.45
Debt to Total Capital		 14.55% 14.51% 15.71% 116.42% 119.37% 120.92% 123.03% -576.50% -669.82% -464.86% -460.06%
Short-Term Debt to Total Capital		 14.55% 14.51% 15.71% 116.42% 119.37% 120.92% 123.03% -576.50% -669.82% -464.86% -460.06%
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		 116.24% 117.62% 117.65% 229.14% 228.13% 212.88% 213.98% -425.06% -482.39% -340.12% -331.69%
Common Equity to Total Capital		 -30.79% -32.13% -33.36% -245.56% -247.50% -233.79% -237.01% 1,101.56% 1,252.21% 904.98% 891.76%
Debt to EBITDA		 -3.30 -3.77 -4.23 -4.41 -4.29 -4.89 -5.46 -6.53 -7.26 -5.82 -5.52
Net Debt to EBITDA		 24.69 28.38 28.96 5.72 4.06 3.91 4.19 -1.51 -1.71 -1.49 -1.44
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		 -4.52 -5.23 -6.45 -12.12 2.20 -6.99 -7.80 -9.34 -10.37 -8.31 -7.89
Net Debt to NOPAT		 33.77 39.40 44.16 15.72 -2.08 5.58 5.99 -2.16 -2.45 -2.13 -2.05
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		 9.09 4.70 4.58 2.33 2.61 1.58 1.48 -1.78 -1.73 -2.57 -2.60
Noncontrolling Interest Sharing Ratio		 107.83% 0.00% 0.00% 0.00% 183.56% 186.93% 190.51% -180.22% -177.28% -168.52% -164.24%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.35 0.28 0.27 0.24 0.05 0.05 0.04 0.04 0.04 0.01 0.02
Quick Ratio		 0.35 0.27 0.26 0.23 0.04 0.04 0.03 0.03 0.04 0.01 0.02
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.78 181 184 39 -1.19 -1.60 -1.47 -1.80 -0.04 0.30 0.57
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		 0.00 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)		 0.00 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		 -7.91 -8.09 -8.07 -8.53 -6.91 -6.69 -6.77 -6.96 -7.02 -7.37 -7.59
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 -0.01 -0.01 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -0.90 -181 -185 -40 0.99 1.41 1.30 1.57 -0.10 -0.69 -0.82
Enterprise Value (EV)		 208 117 119 108 113 94 94 91 92 89 89
Market Capitalization		 206 114 116 104 106 87 87 84 85 81 81
Book Value per Share		 ($1.02) ($1.06) ($1.12) ($1.38) ($1.39) ($1.73) ($1.77) ($1.91) ($1.92) ($2.10) ($2.16)
Tangible Book Value per Share		 ($1.02) ($1.06) ($1.12) ($1.38) ($1.39) ($1.73) ($1.77) ($1.91) ($1.92) ($2.10) ($2.16)
Total Capital		 34 34 35 5.10 5.22 5.69 5.76 -1.28 -1.15 -1.65 -1.72
Total Debt		 4.94 4.94 5.44 5.94 6.24 6.89 7.09 7.39 7.69 7.69 7.94
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		 -37 -37 -37 -7.70 -5.90 -5.50 -5.44 1.70 1.81 1.96 2.07
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)		 -1.69 -1.88 -1.85 -2.32 -0.70 -0.47 -0.56 -0.75 -0.81 -1.16 -1.38
Debt-free Net Working Capital (DFNWC)		 0.61 0.00 0.05 -0.39 -0.43 -0.20 -0.34 -0.50 -0.47 -1.07 -1.23
Net Working Capital (NWC)		 -4.32 -4.93 -5.39 -6.32 -6.66 -7.09 -7.42 -7.89 -8.15 -8.76 -9.17
Net Nonoperating Expense (NNE)		 -0.37 -0.25 -0.23 -0.14 -0.02 -0.02 -0.03 0.02 0.02 0.12 0.07
Net Nonoperating Obligations (NNO)		 -37 -37 -37 -7.70 -5.90 -5.50 -5.44 1.70 1.81 1.96 2.07
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% -21,964.92% -15,764.62% -19,746.52% 0.00% 0.00% -1,207.96% -1,621.68% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 13.80% 409.00% -3,290.86% 0.00% 0.00% -730.82% -1,093.17% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 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% 0.00%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.08 $0.02 $0.02 ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.14) ($0.10)
Adjusted Weighted Average Basic Shares Outstanding		 18.77M 10.28M 10.28M 9.07M 9.33M 7.70M 7.70M 7.39M 7.48M 7.13M 7.13M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($0.04) ($0.04) ($0.04) ($0.04) ($0.06) ($0.06) ($0.14) ($0.10)
Adjusted Weighted Average Diluted Shares Outstanding		 18.77M 10.28M 7.70M 9.07M 9.33M 7.70M 7.70M 7.39M 7.48M 7.13M 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 7.70M 7.70M 7.70M 7.70M 7.13M 7.13M 7.13M 7.13M 6.91M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.12 -0.23 -0.25 -0.34 -0.20 -0.20 -0.17 -0.23 -0.15 -0.38 -0.25
Normalized NOPAT Margin		 -118.28% 0.00% 0.00% 0.00% -956.35% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 337.51% 0.00% 0.00% 0.00% -700.34% 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 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		 4,273.49% 0.00% 0.00% 13,471.26% -14,279.00% 0.00% 0.00% -948.87% -959.57% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

byNordic Acquisition Corp. (NASDAQ:BYNO) continues to operate more like a cash-management and acquisition vehicle than a revenue-generating business. The company reported no revenue in Q2 2026, extending a pattern of minimal or nonexistent operating revenue across most of the provided periods. Its financial results remain driven primarily by investment income, financing activity and changes in its liability structure.

Q2 2026 showed some sequential improvement in profitability. Net loss narrowed to $321,582 from $505,855 in Q1 2026, while SG&A expense declined to $352,883 from $535,824. Investment income increased slightly to $50,078 from $49,110, but it was not enough to offset operating expenses. The company still posted a basic loss of $0.10 per share.

Cash flow remained weak. Operating cash outflow improved to $152,030 in Q2 from $199,071 in Q1, but the company still consumed cash through operations. A $250,000 debt issuance and modest investing activity produced a $64,071 increase in cash during the quarter. This means the cash balance grew primarily because of financing rather than internally generated funds.

The balance sheet remains highly leveraged and financially fragile. At June 30, 2026, cash and equivalents totaled just $150,345, compared with $9.35 million of current liabilities. Short-term debt rose to $7.94 million from $7.69 million in Q1, while total liabilities reached $15.56 million. Common equity remained deeply negative at approximately $15.38 million, reflecting accumulated retained losses.

  • Sequential loss improvement: Q2 2026 net loss narrowed by approximately 36% from Q1, supported by lower SG&A expense and slightly higher investment income.
  • Lower operating cash burn: Cash used in operating activities improved to $152,030 in Q2 from $199,071 in Q1 and $220,039 in Q3 2025.
  • Cash balance increased during Q2: Cash rose to $150,345 from $86,274, aided by $250,000 of debt financing.
  • Investment portfolio remains a significant asset: Long-term investments totaled $5.72 million at the end of Q2 2026 and generated $50,078 of interest and investment income during the quarter.
  • Revenue remains effectively nonexistent: The company reported zero revenue in Q2 2026, Q1 2026 and Q3 2025, making investment income and financing transactions more important to reported results.
  • Results have been restated: The supplied Q1 and Q2 2025 income statements and cash flow statements were identified as restated, so historical comparisons may change as investors review amended filings.
  • Severe liquidity mismatch: Q2 current assets of $187,023 covered only a small fraction of $9.35 million in current liabilities, indicating substantial dependence on refinancing, asset sales or other capital transactions.
  • Persistent operating losses: BYNO has reported net losses in each provided quarter from Q3 2024 through Q2 2026, despite occasional investment-income gains.
  • Negative common equity: Common equity was approximately negative $15.38 million in Q2 2026, compared with negative $13.31 million in Q1 2025, reflecting continued accumulated losses.
  • Debt-funded cash preservation: The company issued $250,000 of debt in Q2 after issuing $300,000 in Q4 2025. Continued reliance on borrowing to offset operating cash burn could increase financial risk and future obligations.

Overall, BYNO’s recent quarter contained modest improvements in quarterly losses and operating cash burn, but the broader trend remains unfavorable. The company has no meaningful operating revenue, continues to consume cash, carries substantial liabilities and has negative common equity. Retail investors should focus closely on the company’s ability to refinance debt, preserve its investment assets and complete a transaction that can improve its capital structure.

10/16/26 11:29 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, falling 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.

In the past 11 quarters, byNordic Acquisition's cash and equivalents has ranged from $86.27 thousand in Q1 2026 to $1.93 million in Q3 2024, and is currently $150.35 thousand as of their latest financial filing in Q2 2026.

byNordic Acquisition had total debt of $7.69 million at the end of 2025, a 23.3% increase from 2024, and none in 2020.

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



Financial statements for NASDAQ:BYNOW last updated on 8/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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