What is Duddell Street Acquisition's operating income?

Duddell Street Acquisition's total operating income in 2025 was -$49.50 million, based on the following breakdown: Total Gross Profit: $95.41 million Total Operating Expenses: $144.91 million

Duddell Street Acquisition (DSAC) Financials

$10.12 0.00 (0.00%)

As of 07/10/2026

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Annual Income Statements for Duddell Street Acquisition

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

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-307	-245	-115	9.52	-65
Consolidated Net Income / (Loss)	-109	-218	-115	9.52	-65
Net Income / (Loss) Continuing Operations	-109	-218	-115	9.52	-65
Total Pre-Tax Income	-117	-222	-115	10	-66
Total Operating Income	-56	-88	-98	-32	-50
Total Gross Profit	83	114	133	120	95
Total Revenue	83	114	133	120	95
Operating Revenue	83	114	133	120	95
Total Cost of Revenue	0.00	0.00	0.00	0.00	0.00
Total Operating Expenses	138	202	230	152	145
Selling, General & Admin Expense	32	78	66	50	52
Marketing Expense	30	43	46	35	27
Research & Development Expense	24	21	18	13	9.57
Amortization Expense	9.36	10	12	36	29
Other Operating Expenses / (Income)	43	50	57	19	15
Impairment Charge	-	0.00	32	0.00	12
Total Other Income / (Expense), net	-62	-133	-17	42	-17
Interest Expense	65	141	30	24	24
Other Income / (Expense), net	3.07	7.67	12	66	7.45
Income Tax Expense	-7.89	-3.25	0.22	0.54	-1.25
Basic Earnings per Share	($19.80)	($3.68)	($0.88)	$0.83	($4.65)
Weighted Average Basic Shares Outstanding	15.50M	66.51M	131.40M	11.44M	14.03M
Diluted Earnings per Share	($19.80)	($3.68)	($0.88)	$0.83	($4.65)
Weighted Average Diluted Shares Outstanding	15.50M	66.51M	131.40M	11.44M	14.03M
Weighted Average Basic & Diluted Shares Outstanding	-	133.76M	131.01M	161.42M	19.37M

This table shows Duddell Street 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	-14	-51	51	-13	-15	-13	-4.25	-13	-25	-23	-44
Consolidated Net Income / (Loss)	-14	-51	51	-13	-15	-13	-4.25	-13	-25	-23	-44
Net Income / (Loss) Continuing Operations	-14	-51	51	-13	-15	-13	-4.25	-13	-25	-23	-44
Total Pre-Tax Income	-15	-51	52	-12	-16	-14	-4.29	-14	-25	-23	-44
Total Operating Income	-13	-40	-11	-7.96	-6.81	-5.73	-14	-7.43	-9.74	-19	-43
Total Gross Profit	34	34	32	29	29	29	28	23	22	22	20
Total Revenue	34	34	32	29	29	29	28	23	22	22	20
Operating Revenue	34	34	32	29	29	29	28	23	22	22	20
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	47	74	44	37	36	35	41	31	32	41	63
Selling, General & Admin Expense	14	17	16	11	11	12	16	11	14	11	9.50
Marketing Expense	11	11	9.42	9.00	9.07	7.57	7.76	6.69	6.26	5.91	5.72
Research & Development Expense	4.54	4.02	3.48	3.21	3.25	2.89	3.10	2.27	2.08	2.12	2.04
Amortization Expense	13	-17	9.93	9.28	8.67	-11	9.32	6.88	6.68	6.39	6.05
Other Operating Expenses / (Income)	3.94	34	4.66	4.45	4.64	23	4.80	3.47	3.25	3.42	3.62
Impairment Charge	0.00	26	-	-	-	-	0.00	-	-	-	36
Total Other Income / (Expense), net	-1.07	-11	63	-4.48	-8.75	-8.25	9.47	-6.64	-15	-4.47	-1.31
Interest Expense	8.02	8.09	7.36	5.32	5.59	5.32	6.91	4.34	9.87	3.33	3.36
Other Income / (Expense), net	6.95	-2.69	71	0.84	-3.16	-2.92	16	-2.30	-5.48	-1.15	2.05
Income Tax Expense	-0.06	0.04	1.43	0.32	-0.62	-0.59	-0.04	-0.80	-0.24	-0.18	-0.20
Basic Earnings per Share	($0.11)	($0.40)	$0.39	($0.09)	($1.33)	($0.12)	($0.34)	($0.08)	($1.73)	($1.63)	($2.39)
Weighted Average Basic Shares Outstanding	128.83M	131.40M	130.71M	134.41M	11.25M	137.28M	12.61M	160.00M	14.38M	14.03M	18.25M
Diluted Earnings per Share	($0.11)	($0.40)	$0.37	($0.09)	($1.33)	($0.10)	($0.34)	($0.08)	($1.73)	($1.63)	($2.39)
Weighted Average Diluted Shares Outstanding	128.83M	131.40M	146.03M	134.41M	11.25M	137.28M	12.61M	160.00M	14.38M	14.03M	18.25M
Weighted Average Basic & Diluted Shares Outstanding	129.23M	131.01M	134.38M	139.48M	141.22M	161.42M	158.22M	172.20M	15.71M	19.37M	26.65M

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

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	-12	29	-44	12	-4.57
Net Cash From Operating Activities	-37	-73	-35	-5.30	-11
Net Cash From Continuing Operating Activities	-58	-73	-36	-5.30	-11
Net Income / (Loss) Continuing Operations	-109	-218	-115	9.52	-65
Consolidated Net Income / (Loss)	-109	-218	-115	9.52	-65
Depreciation Expense	1.18	1.24	1.35	1.24	1.04
Amortization Expense	-	22	31	22	20
Non-Cash Adjustments To Reconcile Net Income	57	136	60	-38	34
Changes in Operating Assets and Liabilities, net	-6.84	-13	-12	-0.85	-1.82
Net Cash From Investing Activities	-49	-10	-20	89	40
Net Cash From Continuing Investing Activities	-49	-10	-20	89	40
Purchase of Property, Plant & Equipment	-5.57	-11	-7.94	-8.88	-7.20
Acquisitions	-44	1.13	-5.01	0.00	0.00
Purchase of Investments	-	0.00	-7.37	0.00	0.00
Sale of Property, Plant & Equipment	-	-	0.00	98	47
Net Cash From Financing Activities	74	112	12	-71	-33
Net Cash From Continuing Financing Activities	74	112	12	-71	-33
Repayment of Debt	0.00	-189	-0.11	-78	-134
Repurchase of Common Equity	0.00	-0.09	0.00	0.00	0.00
Issuance of Debt	61	166	12	6.30	101
Issuance of Common Equity	0.00	-45	0.00	0.00	0.00
Other Financing Activities, net	0.52	180	0.68	0.47	0.28
Cash Interest Paid	4.65	35	21	15	9.65
Cash Income Taxes Paid	0.23	0.06	0.06	0.27	1.23

This table details how cash moves in and out of Duddell Street 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	-21	-0.03	20	-6.00	-5.15	3.45	13	-7.68	-7.26	-2.39	-0.46
Net Cash From Operating Activities	-12	-3.55	2.74	-3.73	-2.96	-1.35	3.29	-6.18	-8.27	-0.28	3.02
Net Cash From Continuing Operating Activities	-12	-3.74	2.74	-3.73	-2.96	-1.35	3.29	-6.18	-8.27	-0.28	3.02
Net Income / (Loss) Continuing Operations	-14	-51	51	-13	-15	-13	-4.25	-13	-25	-23	-44
Consolidated Net Income / (Loss)	-14	-51	51	-13	-15	-13	-4.25	-13	-25	-23	-44
Depreciation Expense	0.34	0.34	0.30	0.30	0.30	0.34	0.26	0.25	0.29	0.25	0.24
Amortization Expense	8.65	9.32	6.12	5.80	5.57	4.84	6.75	4.52	4.46	4.47	4.18
Non-Cash Adjustments To Reconcile Net Income	1.72	46	-63	5.93	10	12	-8.32	8.41	16	18	37
Changes in Operating Assets and Liabilities, net	-7.97	-9.09	8.71	-3.00	-3.98	-5.50	8.86	-6.09	-4.65	0.06	5.14
Net Cash From Investing Activities	-9.24	-1.98	89	-2.24	-2.44	4.66	38	-1.49	4.56	-1.64	-1.65
Net Cash From Continuing Investing Activities	-9.24	-1.98	89	-2.24	-2.44	4.66	38	-1.49	4.56	-1.64	-1.65
Purchase of Property, Plant & Equipment	-1.87	-1.98	-1.69	-2.74	-2.44	-2.01	-1.98	-1.49	-2.09	-1.64	-1.65
Acquisitions	-	-	0.00	-	-	-	0.00	-	-	-	0.00
Purchase of Investments	-7.37	-	0.00	-	-	-	0.00	-	-	-	0.00
Sale of Property, Plant & Equipment	-	-	91	0.50	-	6.67	40	-	6.64	-	0.00
Net Cash From Financing Activities	0.01	5.51	-72	-0.03	0.25	0.14	-29	-0.01	-3.55	-0.47	-1.83
Net Cash From Continuing Financing Activities	0.01	5.51	-72	-0.03	0.25	0.14	-29	-0.01	-3.55	-0.47	-1.83
Repayment of Debt	-0.03	-0.03	-73	-0.03	-0.03	-5.36	-29	-0.01	-105	-0.47	-1.88
Issuance of Debt	-	5.50	0.80	-	-	5.50	0.00	-	101	-	0.00
Other Financing Activities, net	0.03	0.03	0.20	-	0.28	-	0.15	-	0.13	0.00	0.05
Cash Interest Paid	5.37	5.39	5.30	3.21	3.21	3.01	2.79	2.12	2.45	2.29	2.20
Cash Income Taxes Paid	-0.03	0.04	0.00	0.17	0.11	-0.00	0.07	0.77	0.17	0.23	0.10

This table presents Duddell Street 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	176	378	433	371	326	255
Total Current Assets	1.20	54	86	50	57	46
Cash & Equivalents	0.00	32	60	16	29	24
Restricted Cash	-	0.84	0.84	0.85	0.64	0.63
Short-Term Investments	-	-	0.00	7.13	5.80	2.00
Accounts Receivable	0.41	11	15	17	13	12
Prepaid Expenses	0.79	1.80	4.32	2.59	2.55	2.46
Other Current Assets	-	8.31	5.56	5.85	5.92	4.19
Plant, Property, & Equipment, net	0.00	7.51	7.33	6.14	5.05	4.18
Total Noncurrent Assets	175	317	340	315	264	205
Goodwill	-	189	194	188	159	123
Intangible Assets	-	125	120	85	70	51
Other Noncurrent Operating Assets	175	2.71	25	42	35	31
Total Liabilities & Shareholders' Equity	176	378	433	371	326	255
Total Liabilities	27	411	288	327	228	193
Total Current Liabilities	0.36	69	62	66	51	44
Short-Term Debt	0.18	14	0.07	0.11	0.04	2.81
Accounts Payable	0.00	16	14	13	8.46	7.26
Accrued Expenses	0.18	0.00	0.00	0.00	0.00	0.00
Customer Deposits	-	3.57	3.25	3.03	1.85	1.07
Current Deferred Revenue	-	30	36	44	35	30
Current Employee Benefit Liabilities	-	0.00	0.00	0.00	0.00	0.00
Other Current Liabilities	-	6.97	9.48	6.07	5.65	3.51
Total Noncurrent Liabilities	27	342	226	261	177	149
Long-Term Debt	-	318	162	222	147	126
Capital Lease Obligations	-	4.44	-	-	-	0.00
Noncurrent Deferred Revenue	-	8.76	0.92	0.88	0.22	0.27
Noncurrent Deferred & Payable Income Tax Liabilities	-	3.48	0.71	2.18	1.93	0.48
Other Noncurrent Operating Liabilities	27	7.56	63	36	28	22
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-26	-482	145	43	98	62
Total Preferred & Common Equity	-26	-482	145	43	98	62
Total Common Equity	-26	-482	145	43	98	62
Common Stock	0.00	0.00	846	860	900	934
Retained Earnings	-26	-481	-701	-816	-807	-872
Accumulated Other Comprehensive Income / (Loss)	-	-0.63	-0.79	-0.62	4.79	0.19

This table presents Duddell Street 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	9/30/2025
Total Assets	401	358	346	338	300	288	274	213	0.15
Total Current Assets	48	70	62	54	65	57	49	43	0.00
Prepaid Expenses	3.49	4.00	3.20	3.21	2.42	2.67	2.81	3.04	0.00
Plant, Property, & Equipment, net	6.41	5.86	5.61	5.44	4.78	4.58	4.35	3.99	0.00
Total Noncurrent Assets	346	282	279	278	229	227	220	166	0.15
Other Noncurrent Operating Assets	23	41	39	38	18	32	17	15	0.15
Total Liabilities & Shareholders' Equity	401	358	346	338	300	288	274	213	0.15
Total Liabilities	317	252	239	239	198	191	198	189	0.19
Total Current Liabilities	65	64	61	67	51	45	49	156	0.01
Accounts Payable	13	11	7.81	7.64	9.56	7.64	7.42	5.58	0.01
Accrued Expenses	0.00	-	0.00	0.00	0.00	-	-	0.00	0.00
Total Noncurrent Liabilities	252	188	178	173	147	145	150	33	0.18
Long-Term Debt	213	153	146	142	118	117	125	12	0.17
Other Noncurrent Operating Liabilities	35	32	30	29	28	27	24	21	0.01
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	84	106	107	99	99	95	75	25	-0.04
Total Preferred & Common Equity	84	106	107	99	99	95	75	25	-0.04
Preferred Stock	-	-	-	-	-	-	-	-	0.00
Total Common Equity	84	106	107	99	99	95	75	25	-0.04
Common Stock	851	867	880	886	905	914	925	940	0.03
Retained Earnings	-766	-766	-779	-794	-811	-824	-849	-916	-0.07

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

Metric	2021	2022	2023	2024	2025
Period end date	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	21,875,000.00	122,893,564.00	129,232,623.00	-	15,709,895.00
DEI Adjusted Shares Outstanding	1,822,917.00	10,241,130.00	10,769,385.00	-	15,709,895.00
DEI Earnings Per Adjusted Shares Outstanding	-168.37	-23.91	-10.72	-	-4.15
Growth Metrics	-	-	-	-	-
Revenue Growth	0.00%	37.21%	16.60%	-9.33%	-20.67%
EBITDA Growth	0.00%	-10.94%	7.00%	208.03%	-136.39%
EBIT Growth	0.00%	-53.34%	-5.93%	139.44%	-225.00%
NOPAT Growth	0.00%	-58.66%	-10.83%	55.80%	-14.60%
Net Income Growth	0.00%	-99.47%	47.10%	108.24%	-785.58%
EPS Growth	0.00%	81.41%	76.09%	107.95%	-660.24%
Operating Cash Flow Growth	0.00%	-96.04%	51.13%	85.07%	-115.99%
Free Cash Flow Firm Growth	0.00%	0.00%	-71.72%	102.40%	648.26%
Invested Capital Growth	0.00%	-8.99%	-1.66%	-13.16%	-22.04%
Revenue Q/Q Growth	0.00%	-20.70%	2.17%	-3.83%	-7.08%
EBITDA Q/Q Growth	0.00%	40.26%	-23.30%	106.32%	-124.02%
EBIT Q/Q Growth	0.00%	16.58%	-18.63%	10,515.48%	-35.72%
NOPAT Q/Q Growth	0.00%	17.03%	-25.75%	34.69%	-35.04%
Net Income Q/Q Growth	0.00%	16.90%	-7.65%	134.17%	-17.02%
EPS Q/Q Growth	0.00%	80.85%	-180.00%	130.43%	-19.85%
Operating Cash Flow Q/Q Growth	0.00%	-3.21%	24.59%	29.40%	8.54%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.21%	-82.40%	-29.78%
Invested Capital Q/Q Growth	0.00%	-6.39%	-11.35%	-3.51%	-6.69%
Profitability Metrics	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-61.91%	-50.06%	-39.93%	47.58%	-21.82%
Operating Margin	-67.04%	-77.52%	-73.68%	-26.56%	-51.89%
EBIT Margin	-63.33%	-70.78%	-64.31%	27.97%	-44.08%
Profit (Net Income) Margin	-131.97%	-191.85%	-87.05%	7.91%	-68.39%
Tax Burden Percent	93.28%	98.53%	100.19%	94.67%	98.12%
Interest Burden Percent	223.41%	275.10%	135.10%	29.88%	158.13%
Effective Tax Rate	0.00%	0.00%	0.00%	5.33%	0.00%
Return on Invested Capital (ROIC)	-14.42%	-23.96%	-28.10%	-13.41%	-18.58%
ROIC Less NNEP Spread (ROIC-NNEP)	-37.72%	-101.56%	-59.59%	12.26%	-47.26%
Return on Net Nonoperating Assets (RNNOA)	347.68%	-366.29%	-94.63%	26.88%	-63.09%
Return on Equity (ROE)	333.26%	-390.25%	-122.73%	13.47%	-81.67%
Cash Return on Invested Capital (CROIC)	0.00%	-14.54%	-26.43%	0.68%	6.19%
Operating Return on Assets (OROA)	-18.93%	-19.84%	-21.23%	9.66%	-14.47%
Return on Assets (ROA)	-39.45%	-53.78%	-28.73%	2.73%	-22.45%
Return on Common Equity (ROCE)	-1,458.36%	1,176.97%	-122.73%	13.47%	-81.67%
Return on Equity Simple (ROE_SIMPLE)	22.70%	-150.84%	-265.68%	9.73%	0.00%
Net Operating Profit after Tax (NOPAT)	-39	-62	-68	-30	-35
NOPAT Margin	-46.93%	-54.26%	-51.58%	-25.14%	-36.32%
Net Nonoperating Expense Percent (NNEP)	23.30%	77.60%	31.49%	-25.66%	28.68%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-25.73%	-12.35%	-18.20%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	39.19%	68.39%	49.42%	41.77%	54.65%
R&D to Revenue	28.97%	18.23%	13.71%	10.67%	10.03%
Operating Expenses to Revenue	167.04%	177.52%	173.68%	126.56%	151.89%
Earnings before Interest and Taxes (EBIT)	-53	-81	-85	34	-42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-51	-57	-53	57	-21
Valuation Ratios	-	-	-	-	-
Price to Book Value (P/BV)	0.00	5.74	3.39	1.54	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	2.62	7.30	1.11	1.26	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	15.88	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	6.30%	0.00%
Enterprise Value to Invested Capital (EV/IC)	3.59	3.79	1.43	1.25	0.00
Enterprise Value to Revenue (EV/Rev)	11.68	8.19	2.60	2.19	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	4.60	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	7.82	0.00
Enterprise Value to NOPAT (EV/NOPAT)	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
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	170.29	0.00
Leverage & Solvency	-	-	-	-	-
Debt to Equity	-10.22	1.12	5.12	1.50	2.07
Long-Term Debt to Equity	-9.81	1.12	5.12	1.50	2.03
Financial Leverage	-9.22	3.61	1.59	2.19	1.34
Leverage Ratio	4.78	7.26	4.27	4.93	3.64
Compound Leverage Factor	10.67	19.96	5.77	1.47	5.75
Debt to Total Capital	110.84%	52.83%	83.65%	60.05%	67.46%
Short-Term Debt to Total Capital	4.48%	0.02%	0.04%	0.01%	1.48%
Long-Term Debt to Total Capital	106.36%	52.81%	83.61%	60.04%	65.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	148.36%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-159.20%	47.17%	16.35%	39.95%	32.54%
Debt to EBITDA	-6.54	-2.85	-4.20	2.57	-6.17
Net Debt to EBITDA	-5.90	-1.77	-3.74	1.95	-4.88
Long-Term Debt to EBITDA	-6.27	-2.84	-4.20	2.57	-6.03
Debt to NOPAT	-8.63	-2.63	-3.25	-4.86	-3.71
Net Debt to NOPAT	-7.78	-1.63	-2.89	-3.70	-2.93
Long-Term Debt to NOPAT	-8.28	-2.62	-3.25	-4.86	-3.63
Altman Z-Score	-1.75	-0.82	-3.27	-2.34	0.00
Noncontrolling Interest Sharing Ratio	537.61%	401.60%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-
Current Ratio	0.78	1.38	0.76	1.12	1.03
Quick Ratio	0.62	1.21	0.62	0.94	0.86
Cash Flow Metrics	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-37	-64	1.54	12
Operating Cash Flow to CapEx	-665.10%	-638.91%	-447.14%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	-0.27	-2.15	0.07	0.47
Operating Cash Flow to Interest Expense	-0.57	-0.52	-1.19	-0.22	-0.47
Operating Cash Flow Less CapEx to Interest Expense	-0.66	-0.60	-1.45	3.56	1.16
Efficiency Ratios	-	-	-	-	-
Asset Turnover	0.30	0.28	0.33	0.35	0.33
Accounts Receivable Turnover	14.31	8.72	8.33	7.91	7.51
Inventory Turnover	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	15.34	19.70	21.49	20.68
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	25.50	41.84	43.81	46.13	48.62
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	25.50	41.84	43.81	46.13	48.62
Capital & Investment Metrics	-	-	-	-	-
Invested Capital	270	246	241	210	163
Invested Capital Turnover	0.31	0.44	0.54	0.53	0.51
Increase / (Decrease) in Invested Capital	0.00	-24	-4.08	-32	-46
Enterprise Value (EV)	969	931	345	263	0.00
Market Capitalization	217	830	147	151	0.00
Book Value per Share	($22.04)	$1.10	$0.34	$0.69	$3.94
Tangible Book Value per Share	($36.39)	($1.29)	($1.78)	($0.93)	($7.16)
Total Capital	303	307	266	245	190
Total Debt	336	162	222	147	128
Total Long-Term Debt	322	162	222	147	126
Net Debt	303	101	198	112	102
Capital Expenditures (CapEx)	5.57	11	7.94	-89	-40
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-35	-37	-40	-29	-23
Debt-free Net Working Capital (DFNWC)	-1.60	24	-16	5.97	3.94
Net Working Capital (NWC)	-15	24	-16	5.93	1.12
Net Nonoperating Expense (NNE)	71	157	47	-40	31
Net Nonoperating Obligations (NNO)	303	101	198	112	102
Total Depreciation and Amortization (D&A)	1.18	24	32	24	21
Debt-free, Cash-free Net Working Capital to Revenue	-41.75%	-32.75%	-30.29%	-24.35%	-24.12%
Debt-free Net Working Capital to Revenue	-1.93%	21.06%	-11.87%	4.96%	4.13%
Net Working Capital to Revenue	-18.30%	21.00%	-11.95%	4.93%	1.18%
Earnings Adjustments	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.34)	($3.68)	($0.88)	$0.07	($4.65)
Adjusted Weighted Average Basic Shares Outstanding	21.88M	66.51M	131.40M	137.28M	14.03M
Adjusted Diluted Earnings per Share	($0.34)	($3.68)	($0.88)	$0.07	($4.65)
Adjusted Weighted Average Diluted Shares Outstanding	21.88M	66.51M	131.40M	137.28M	14.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	133.76M	131.01M	161.42M	19.37M
Normalized Net Operating Profit after Tax (NOPAT)	-39	-62	-46	-30	-26
Normalized NOPAT Margin	-46.93%	-54.26%	-34.66%	-25.14%	-27.24%
Pre Tax Income Margin	-141.49%	-194.71%	-86.88%	8.36%	-69.70%
Debt Service Ratios	-	-	-	-	-
EBIT to Interest Expense	-0.81	-0.57	-2.85	1.43	-1.72
NOPAT to Interest Expense	-0.60	-0.44	-2.29	-1.28	-1.42
EBIT Less CapEx to Interest Expense	-0.90	-0.65	-3.11	5.21	-0.10
NOPAT Less CapEx to Interest Expense	-0.69	-0.52	-2.55	2.50	0.21
Payout Ratios	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-0.04%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Duddell Street 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	128,668,824.00	129,232,623.00	131,009,719.00	134,378,449.00	139,475,260.00	-	161,420,267.00	158,216,707.00	172,200,003.00	15,709,895.00	19,372,449.00
DEI Adjusted Shares Outstanding	10,722,402.00	10,769,385.00	10,917,477.00	11,198,204.00	11,622,938.00	-	13,451,689.00	13,184,726.00	14,350,000.00	15,709,895.00	19,372,449.00
DEI Earnings Per Adjusted Shares Outstanding	-1.35	-4.71	4.63	-1.14	-1.29	-	-0.32	-1.01	-1.73	-1.46	-2.25
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	16.99%	8.95%	1.85%	-10.95%	-13.44%	-14.00%	-14.33%	-20.45%	-23.81%	-24.66%	-27.21%
EBITDA Growth	114.79%	-43.61%	1,200.00%	93.83%	-265.72%	89.45%	-85.38%	-387.52%	-155.54%	-331.49%	-474.57%
EBIT Growth	71.87%	-45.83%	572.75%	69.84%	-53.14%	79.69%	-95.58%	-36.63%	-52.67%	-127.89%	-1,643.02%
NOPAT Growth	69.49%	-100.51%	41.91%	53.14%	49.40%	85.65%	13.45%	6.65%	-42.99%	-224.19%	-208.87%
Net Income Growth	86.73%	-19.28%	362.54%	58.79%	-3.23%	73.63%	-108.40%	-3.97%	-66.42%	-70.90%	-926.19%
EPS Growth	93.25%	-125.32%	364.29%	60.87%	-3.23%	75.00%	-191.89%	11.11%	-30.08%	-39.32%	-602.94%
Operating Cash Flow Growth	70.03%	76.50%	121.37%	49.47%	74.76%	62.07%	19.88%	-65.75%	-179.17%	79.30%	-8.09%
Free Cash Flow Firm Growth	85.71%	-331.30%	132.30%	138.19%	358.08%	216.32%	-25.77%	-32.95%	-29.84%	19.56%	-34.75%
Invested Capital Growth	3.84%	-1.66%	-20.40%	-20.71%	-20.22%	-13.16%	-19.66%	-18.19%	-19.38%	-22.04%	-29.57%
Revenue Q/Q Growth	3.55%	0.75%	-6.28%	-8.93%	0.66%	0.10%	-6.64%	-15.44%	-3.59%	-1.01%	-9.81%
EBITDA Q/Q Growth	115.00%	-1,432.34%	299.66%	-101.55%	-302.75%	15.20%	376.76%	-151.57%	-111.10%	-43.20%	-140.25%
EBIT Q/Q Growth	72.42%	-554.57%	239.34%	-111.99%	-40.04%	13.21%	130.30%	-471.01%	-56.49%	-29.55%	-105.14%
NOPAT Q/Q Growth	20.72%	-196.63%	60.18%	49.96%	14.39%	15.87%	-140.17%	46.03%	-31.13%	-90.74%	-128.82%
Net Income Q/Q Growth	53.29%	-250.78%	199.71%	-125.23%	-17.01%	10.39%	68.24%	-212.26%	-87.29%	7.98%	-90.69%
EPS Q/Q Growth	52.17%	-263.64%	192.50%	-124.32%	-17.01%	9.09%	70.94%	-166.67%	-2,062.50%	5.78%	-46.63%
Operating Cash Flow Q/Q Growth	-59.00%	69.71%	177.12%	-236.05%	20.57%	54.49%	343.77%	-288.10%	-33.78%	96.63%	1,182.44%
Free Cash Flow Firm Q/Q Growth	85.24%	-22.49%	283.75%	14.92%	-0.22%	-44.79%	17.26%	3.80%	4.42%	-5.93%	-36.01%
Invested Capital Q/Q Growth	0.73%	-11.35%	-11.09%	-0.13%	1.34%	-3.51%	-17.73%	1.70%	-0.14%	-6.69%	-25.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	7.27%	-96.20%	204.95%	-3.48%	-13.93%	-11.80%	34.98%	-21.33%	-46.71%	-67.57%	-180.00%
Operating Margin	-39.58%	-116.53%	-35.64%	-27.20%	-23.14%	-19.44%	-50.02%	-31.92%	-43.42%	-83.66%	-212.26%
EBIT Margin	-19.14%	-124.38%	184.94%	-24.35%	-33.87%	-29.37%	9.53%	-41.82%	-67.87%	-88.83%	-202.04%
Profit (Net Income) Margin	-42.54%	-148.10%	157.57%	-43.64%	-50.73%	-45.41%	-15.45%	-57.05%	-110.82%	-103.01%	-217.79%
Tax Burden Percent	99.57%	100.08%	97.26%	102.60%	96.01%	95.76%	99.09%	94.35%	99.06%	99.22%	99.54%
Interest Burden Percent	223.15%	118.98%	87.60%	174.72%	156.01%	161.50%	-163.58%	144.59%	164.83%	116.87%	108.30%
Effective Tax Rate	0.00%	0.00%	2.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-13.46%	-44.44%	-19.07%	-10.18%	-8.27%	-7.26%	-20.92%	-12.58%	-15.90%	-29.95%	-88.88%
ROIC Less NNEP Spread (ROIC-NNEP)	-17.19%	-59.70%	32.84%	-15.25%	-14.89%	-13.31%	-14.93%	-21.30%	-32.42%	-39.20%	-105.41%
Return on Net Nonoperating Assets (RNNOA)	-17.55%	-94.81%	31.68%	-21.60%	-25.14%	-29.18%	-12.92%	-19.26%	-40.69%	-52.34%	-140.09%
Return on Equity (ROE)	-31.00%	-139.25%	12.62%	-31.78%	-33.41%	-36.44%	-33.85%	-31.83%	-56.60%	-82.29%	-228.98%
Cash Return on Invested Capital (CROIC)	-24.12%	-26.43%	-0.94%	2.08%	3.58%	0.68%	9.41%	7.90%	8.38%	6.19%	-2.57%
Operating Return on Assets (OROA)	-5.84%	-41.06%	61.69%	-8.21%	-11.47%	-10.14%	3.35%	-14.45%	-22.78%	-29.16%	-69.24%
Return on Assets (ROA)	-12.98%	-48.89%	52.56%	-14.71%	-17.18%	-15.68%	-5.44%	-19.72%	-37.19%	-33.81%	-74.64%
Return on Common Equity (ROCE)	-31.00%	-139.25%	12.62%	-31.78%	-33.41%	-36.44%	-33.40%	-31.41%	-56.60%	-82.29%	-224.04%
Return on Equity Simple (ROE_SIMPLE)	-128.35%	0.00%	-42.97%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-9.42	-28	-11	-5.57	-4.77	-4.01	-9.63	-5.20	-6.82	-13	-30
NOPAT Margin	-27.71%	-81.57%	-34.66%	-19.04%	-16.20%	-13.61%	-35.02%	-22.35%	-30.40%	-58.57%	-148.59%
Net Nonoperating Expense Percent (NNEP)	3.74%	15.26%	-51.91%	5.06%	6.61%	6.05%	-5.99%	8.72%	16.52%	9.25%	16.52%
Return On Investment Capital (ROIC_SIMPLE)	-	-10.51%	-4.30%	-2.20%	-1.90%	-1.64%	-4.45%	-2.45%	-3.29%	-6.83%	-20.11%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	42.39%	48.85%	50.06%	38.50%	36.08%	41.66%	59.24%	48.91%	61.97%	47.57%	47.46%
R&D to Revenue	13.35%	11.72%	10.84%	10.96%	11.04%	9.82%	11.28%	9.74%	9.28%	9.55%	10.20%
Operating Expenses to Revenue	139.58%	216.53%	135.64%	127.20%	123.14%	119.44%	150.02%	131.92%	143.42%	183.66%	312.26%
Earnings before Interest and Taxes (EBIT)	-6.51	-43	59	-7.12	-9.97	-8.65	2.62	-9.73	-15	-20	-40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.47	-33	66	-1.02	-4.10	-3.48	9.62	-4.96	-10	-15	-36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.20	3.39	1.64	1.84	1.81	1.54	0.00	0.89	0.88	0.00	0.20
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)	2.06	1.11	1.31	1.51	1.43	1.26	0.00	0.77	0.65	0.00	0.06
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	15.88	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	0.00%	0.00%	0.00%	0.00%	0.00%	6.30%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.68	1.43	1.32	1.42	1.37	1.25	0.00	0.94	0.95	0.00	0.84
Enterprise Value to Revenue (EV/Rev)	3.52	2.60	2.12	2.34	2.38	2.19	0.00	1.51	1.62	0.00	1.16
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	15.02	8.85	10.72	4.60	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	96.81	0.00	7.82	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	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	0.00	0.00	60.37	33.88	170.29	0.00	10.73	10.10	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.55	5.12	1.44	1.36	1.54	1.50	1.16	1.19	1.74	2.07	4.97
Long-Term Debt to Equity	2.55	5.12	1.44	1.36	1.44	1.50	1.16	1.19	1.66	2.03	0.47
Financial Leverage	1.02	1.59	0.96	1.42	1.69	2.19	0.87	0.90	1.26	1.34	1.33
Leverage Ratio	3.22	4.27	3.24	3.83	4.06	4.93	3.17	3.10	3.52	3.64	4.07
Compound Leverage Factor	7.18	5.08	2.84	6.70	6.33	7.96	-5.18	4.48	5.80	4.25	4.40
Debt to Total Capital	71.84%	83.65%	59.06%	57.71%	60.70%	60.05%	53.77%	54.41%	63.53%	67.46%	83.24%
Short-Term Debt to Total Capital	0.02%	0.04%	0.03%	0.03%	4.00%	0.01%	0.00%	0.00%	3.06%	1.48%	75.44%
Long-Term Debt to Total Capital	71.82%	83.61%	59.03%	57.69%	56.71%	60.04%	53.77%	54.41%	60.46%	65.99%	7.80%
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.24%	1.27%	0.00%	0.00%	0.00%
Common Equity to Total Capital	28.16%	16.35%	40.94%	42.29%	39.30%	39.95%	44.99%	44.32%	36.47%	32.54%	16.76%
Debt to EBITDA	-4.96	-4.20	8.13	4.25	5.49	2.57	114.75	-40.02	-14.15	-6.17	-1.85
Net Debt to EBITDA	-4.39	-3.74	5.77	3.13	4.28	1.95	69.12	-26.60	-10.72	-4.88	-1.45
Long-Term Debt to EBITDA	-4.96	-4.20	8.12	4.25	5.13	2.57	114.74	-40.02	-13.47	-6.03	-0.17
Debt to NOPAT	-3.92	-3.25	-2.67	-2.86	-3.29	-4.86	-4.92	-4.94	-5.12	-3.71	-2.25
Net Debt to NOPAT	-3.47	-2.89	-1.90	-2.11	-2.57	-3.70	-2.96	-3.29	-3.88	-2.93	-1.77
Long-Term Debt to NOPAT	-3.92	-3.25	-2.67	-2.86	-3.07	-4.86	-4.92	-4.94	-4.88	-3.63	-0.21
Altman Z-Score	-1.95	-2.89	-1.64	-2.35	-2.61	-2.76	0.00	-3.42	-3.95	0.00	-6.84
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.31%	1.33%	0.00%	0.00%	2.15%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.74	0.76	1.09	1.01	0.81	1.12	1.28	1.25	1.01	1.03	0.28
Quick Ratio	0.57	0.62	0.91	0.84	0.66	0.94	1.12	1.05	0.84	0.86	0.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-19	-24	44	50	50	28	33	34	35	33	21
Operating Cash Flow to CapEx	-627.15%	-179.40%	0.00%	-166.40%	-121.29%	0.00%	0.00%	-414.28%	0.00%	-16.99%	182.81%
Free Cash Flow to Firm to Interest Expense	-2.43	-2.95	5.96	9.48	9.01	5.22	4.71	7.79	3.58	9.98	6.33
Operating Cash Flow to Interest Expense	-1.46	-0.44	0.37	-0.70	-0.53	-0.25	0.48	-1.42	-0.84	-0.08	0.90
Operating Cash Flow Less CapEx to Interest Expense	-1.70	-0.68	12.49	-1.12	-0.97	0.62	6.02	-1.77	-0.38	-0.58	0.41
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.31	0.33	0.33	0.34	0.34	0.35	0.35	0.35	0.34	0.33	0.34
Accounts Receivable Turnover	9.90	8.33	8.42	9.10	10.00	7.91	9.07	9.58	9.80	7.51	8.60
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	18.85	19.70	20.71	21.03	21.10	21.49	21.74	21.53	20.96	20.68	20.05
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)	36.88	43.81	43.37	40.12	36.48	46.13	40.24	38.12	37.26	48.62	42.44
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)	36.88	43.81	43.37	40.12	36.48	46.13	40.24	38.12	37.26	48.62	42.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	272	241	215	214	217	210	172	175	175	163	121
Invested Capital Turnover	0.49	0.54	0.55	0.53	0.51	0.53	0.60	0.56	0.52	0.51	0.60
Increase / (Decrease) in Invested Capital	10	-4.08	-55	-56	-55	-32	-42	-39	-42	-46	-51
Enterprise Value (EV)	456	345	283	304	297	263	0.00	165	166	0.00	102
Market Capitalization	268	147	174	196	179	151	0.00	85	66	0.00	4.94
Book Value per Share	$0.65	$0.34	$0.81	$0.80	$0.71	$0.69	$0.70	$0.60	$0.44	$3.94	$1.28
Tangible Book Value per Share	($1.86)	($1.78)	($1.03)	($0.99)	($1.01)	($0.93)	($0.80)	($0.63)	($0.74)	($7.16)	($6.51)
Total Capital	297	266	259	253	251	245	219	215	207	190	148
Total Debt	213	222	153	146	152	147	118	117	132	128	123
Total Long-Term Debt	213	222	153	146	142	147	118	117	125	126	12
Net Debt	189	198	109	108	119	112	71	78	100	102	97
Capital Expenditures (CapEx)	1.87	1.98	-89	2.24	2.44	-4.66	-38	1.49	-4.56	1.64	1.65
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-41	-40	-38	-38	-36	-29	-32	-28	-25	-23	-27
Debt-free Net Working Capital (DFNWC)	-17	-16	5.97	0.64	-2.41	5.97	14	11	6.87	3.94	-0.90
Net Working Capital (NWC)	-17	-16	5.91	0.58	-12	5.93	14	11	0.53	1.12	-113
Net Nonoperating Expense (NNE)	5.04	23	-62	7.19	10	9.37	-5.38	8.07	18	9.87	14
Net Nonoperating Obligations (NNO)	189	198	109	108	119	112	71	78	100	102	97
Total Depreciation and Amortization (D&A)	8.99	9.66	6.43	6.10	5.87	5.18	7.00	4.77	4.75	4.72	4.41
Debt-free, Cash-free Net Working Capital to Revenue	-31.83%	-30.29%	-28.88%	-29.11%	-28.64%	-24.35%	-28.06%	-25.46%	-24.32%	-24.12%	-31.13%
Debt-free Net Working Capital to Revenue	-13.00%	-11.87%	4.48%	0.50%	-1.92%	4.96%	12.49%	10.25%	6.69%	4.13%	-1.02%
Net Working Capital to Revenue	-13.05%	-11.95%	4.43%	0.45%	-9.93%	4.93%	12.48%	10.25%	0.51%	1.18%	-127.97%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.11)	($0.40)	$0.39	($0.09)	($1.32)	($0.12)	($0.03)	($0.08)	($1.73)	($1.63)	($2.39)
Adjusted Weighted Average Basic Shares Outstanding	128.83M	131.40M	130.71M	134.41M	11.25M	137.28M	151.29M	160.00M	14.38M	14.03M	18.25M
Adjusted Diluted Earnings per Share	($0.11)	($0.40)	$0.37	($0.09)	($1.32)	($0.10)	($0.03)	($0.08)	($1.73)	($1.63)	($2.39)
Adjusted Weighted Average Diluted Shares Outstanding	128.83M	131.40M	146.03M	134.41M	11.25M	137.28M	151.29M	160.00M	14.38M	14.03M	18.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	($1.63)	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	129.23M	131.01M	134.38M	139.48M	11.77M	161.42M	158.22M	172.20M	15.71M	19.37M	26.65M
Normalized Net Operating Profit after Tax (NOPAT)	-9.42	-9.59	-11	-5.57	-4.77	-4.01	-9.63	-5.20	-6.82	-13	-4.83
Normalized NOPAT Margin	-27.71%	-27.99%	-34.66%	-19.04%	-16.20%	-13.61%	-35.02%	-22.35%	-30.40%	-58.57%	-24.14%
Pre Tax Income Margin	-42.72%	-147.98%	162.01%	-42.54%	-52.84%	-47.43%	-15.59%	-60.46%	-111.87%	-103.81%	-218.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.81	-5.27	8.07	-1.34	-1.79	-1.63	0.38	-2.24	-1.54	-5.93	-12.06
NOPAT to Interest Expense	-1.18	-3.46	-1.51	-1.05	-0.85	-0.75	-1.39	-1.20	-0.69	-3.91	-8.87
EBIT Less CapEx to Interest Expense	-1.05	-5.52	20.18	-1.76	-2.22	-0.75	5.92	-2.59	-1.08	-6.42	-12.55
NOPAT Less CapEx to Interest Expense	-1.41	-3.70	10.60	-1.47	-1.29	0.12	4.15	-1.54	-0.23	-4.40	-9.36
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	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials Breakdown Chart

Key Financial Trends

FiscalNote Holdings (NASDAQ: NOTE) has seen a sharp deterioration in its financial profile over the last year, with revenue declining, losses remaining large, and balance sheet leverage still elevated. The most recent reported quarter shows some operational cash generation, but it was not enough to offset ongoing losses and debt burden.

Q1 2026 operating cash flow was positive at $3.0 million, a meaningful improvement versus several prior periods that were negative.
Q1 2026 showed positive non-cash adjustments and working-capital support, which helped offset the company’s accounting loss and support cash generation.
The company ended Q1 2026 with $23.8 million in cash and equivalents, plus $2.0 million in short-term investments and $0.6 million in restricted cash.
Revenue in Q1 2026 was $20.0 million, down from $22.2 million in Q4 2025 and below the roughly $23 million to $29 million range seen in much of 2024.
Q1 2026 included a large $35.6 million impairment charge, which weighed heavily on reported earnings and points to continued balance-sheet or asset-quality pressure.
The company still generated substantial amortization and depreciation charges, indicating a business model with meaningful non-cash accounting costs and prior acquisition-related intangibles.
Q1 2026 net loss widened to $43.6 million, compared with a $22.9 million loss in Q4 2025 and a $24.9 million loss in Q3 2025.
Operating income remained deeply negative at ($42.5 million) in Q1 2026, showing that core operations were still far from breakeven.
Debt remains a major issue: the Q1 2026 balance sheet shows $111.6 million of short-term debt and $11.5 million of long-term debt, although the latest quarter also included a meaningful amount of other liabilities.
The balance sheet is still highly leveraged overall, with total liabilities of $188.6 million against total equity of only $24.8 million, leaving limited cushion for shareholders.

Longer-term trend: FiscalNote’s quarterly revenue has generally drifted lower from the low-$30 million range in early 2024 to around $20 million in Q1 2026. At the same time, operating losses have stayed large, and the company has used debt financing while also making debt repayments. That mix suggests a business still trying to stabilize after a period of heavy restructuring, asset write-downs, and leverage reduction.

Bottom line: The most encouraging sign is that operating cash flow turned positive in the latest quarter, but the overall picture remains fragile. Investors should watch for sustained revenue stabilization, smaller operating losses, and continued debt reduction before concluding that the turnaround is on solid footing.

07/11/26 09:40 AM ETAI Generated. May Contain Errors.

Duddell Street Acquisition Financials - Frequently Asked Questions

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

Duddell Street Acquisition's net income appears to be on a downward trend, with a most recent value of -$65.25 million in 2025, falling from -$109.42 million in 2021. The previous period was $9.52 million in 2024. See where experts think Duddell Street Acquisition is headed by visiting Duddell Street Acquisition's forecast page.

Duddell Street Acquisition's total operating income in 2025 was -$49.50 million, based on the following breakdown:

Total Gross Profit: $95.41 million
Total Operating Expenses: $144.91 million

Over the last 4 years, Duddell Street Acquisition's total revenue changed from $82.91 million in 2021 to $95.41 million in 2025, a change of 15.1%.

Duddell Street Acquisition's total liabilities were at $193.19 million at the end of 2025, a 15.4% decrease from 2024, and a 607.9% increase since 2020.

In the past 5 years, Duddell Street Acquisition's cash and equivalents has ranged from $0.00 in 2020 to $60.39 million in 2022, and is currently $24.32 million as of their latest financial filing in 2025.

Over the last 4 years, Duddell Street Acquisition's book value per share changed from -22.04 in 2021 to 3.94 in 2025, a change of -117.9%.

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Financial statements for NASDAQ:DSAC last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Duddell Street Acquisition (DSAC) Financials

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Duddell Street Acquisition (DSAC) Financials

Annual Income Statements for Duddell Street Acquisition

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Financials Breakdown Chart

Key Financial Trends

Duddell Street Acquisition Financials - Frequently Asked Questions

When does Duddell Street Acquisition's financial year end?

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How has Duddell Street Acquisition's revenue changed over the last 4 years?

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