Free Trial
→ The investigation Porter spent tens of thousands to document (From Porter & Company) (Ad)tc pixel Free FLDDW Stock Alerts

FTAC Emerald Acquisition (FLDDW) Financials

FTAC Emerald Acquisition logo
$0.04 -0.01 (-10.18%)
As of 11/13/2026 10:18 AM Eastern
This is a fair market value price provided by Massive. Learn more.
Annual Income Statements for FTAC Emerald Acquisition

Annual Income Statements for FTAC Emerald Acquisition

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

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 1.12 4.44 -65 -70
Consolidated Net Income / (Loss)		 1.12 4.44 -65 -70
Net Income / (Loss) Continuing Operations		 1.12 4.44 -65 -70
Total Pre-Tax Income 		1.84 6.77 -65 -70
Total Operating Income		 -1.78 -3.73 -5.81 -28
Total Gross Profit		 0.00 0.00 24 32
Total Revenue		 0.00 0.00 24 32
Operating Revenue		 - - 24 32
Total Cost of Revenue		 0.00 0.00 0.00 0.00
Total Operating Expenses		 1.78 3.73 30 60
Selling, General & Admin Expense		 1.78 3.73 3.27 10
Marketing Expense		 - - 0.49 1.71
Amortization Expense		 - - 0.29 0.56
Other Operating Expenses / (Income)		 - - 26 47
Total Other Income / (Expense), net		 3.62 10 -59 -42
Interest Expense		 - 0.00 0.23 15
Other Income / (Expense), net		 0.00 -0.71 -59 -27
Income Tax Expense		 0.73 2.33 0.01 0.00
Basic Earnings per Share		 $0.06 $0.28 ($11.15) ($1.65)
Weighted Average Basic Shares Outstanding		 34.31M 32.06M 5.84M 42.22M
Diluted Earnings per Share		 - $0.28 ($11.15) ($1.65)
Weighted Average Diluted Shares Outstanding		 34.46M 32.06M 5.84M 42.22M
Weighted Average Basic & Diluted Shares Outstanding		 34.46M 14.35M 46.89M 49.83M

Quarterly Income Statements for FTAC Emerald Acquisition

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 9/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -0.95 -2.32 -62 -0.73 -49 13 0.55 -35 -29 -9.65 -2.65
Consolidated Net Income / (Loss)		 -0.95 -2.32 -62 -0.61 -49 13 0.55 -35 -29 -9.65 -2.65
Net Income / (Loss) Continuing Operations		 -0.95 -2.32 -62 -0.73 -49 13 0.55 -35 -29 -9.65 -2.65
Total Pre-Tax Income 		-0.94 -2.32 -62 -0.28 -49 13 0.55 -35 -29 -9.65 -2.64
Total Operating Income		 -0.85 -1.19 -4.17 -0.77 -9.50 -6.33 -5.94 -5.96 -7.83 -7.77 -6.31
Total Gross Profit		 4.93 5.14 5.24 - 7.09 8.18 7.40 9.13 5.59 6.09 4.16
Total Revenue		 4.93 5.14 5.24 - 7.09 8.18 7.40 9.13 5.59 6.09 4.16
Operating Revenue		 4.93 5.14 5.24 - 7.09 8.18 7.40 9.13 5.59 6.09 4.16
Total Cost of Revenue		 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00
Total Operating Expenses		 5.79 6.33 9.41 0.77 17 15 13 15 13 14 10
Selling, General & Admin Expense		 0.35 0.59 3.51 0.77 2.92 2.53 2.51 2.32 3.38 2.95 2.15
Marketing Expense		 0.04 0.04 0.14 - 0.40 0.62 0.24 0.45 0.27 0.73 0.17
Amortization Expense		 0.06 0.06 0.09 - 0.09 0.11 0.23 0.13 0.16 0.17 0.18
Other Operating Expenses / (Income)		 5.34 5.64 5.67 - 13 14 10 12 9.62 8.89 7.97
Total Other Income / (Expense), net		 -0.08 -1.13 -58 0.31 -39 20 6.49 -29 -21 -1.88 3.67
Interest Expense		 0.00 0.00 0.00 - 1.27 12 1.18 1.28 6.28 0.92 0.54
Other Income / (Expense), net		 -0.08 -1.13 -58 -0.11 -38 31 7.67 -27 -15 -0.96 4.21
Income Tax Expense		 0.01 -0.00 0.01 0.15 0.00 0.00 -0.00 -0.00 0.00 0.00 0.01
Basic Earnings per Share		 ($0.16) ($0.40) ($10.68) ($0.02) ($1.92) $0.29 $0.01 ($0.03) ($0.59) ($0.19) ($0.05)
Weighted Average Basic Shares Outstanding		 5.84M 5.84M 5.84M 14.97M 25.44M 46.50M 46.91M 42.22M 49.66M 51.83M 54.84M
Diluted Earnings per Share		 ($0.16) ($0.40) ($10.68) - ($1.92) $0.28 $0.01 ($0.02) ($0.59) ($0.19) ($0.05)
Weighted Average Diluted Shares Outstanding		 5.84M 5.84M 5.84M 14.97M 25.44M 60.99M 47.47M 42.22M 49.66M 42.17M 52.19M
Basic & Diluted Earnings per Share		 - - - - - $0.00 $0.00 - - $0.00 $0.00
Weighted Average Basic & Diluted Shares Outstanding		 14.35M 14.35M 14.35M 46.89M 46.38M 46.79M 48.31M 49.83M 50.78M 55.08M 55.06M

Annual Cash Flow Statements for FTAC Emerald Acquisition

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

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -1.16 -0.04 17 -11
Net Cash From Operating Activities		 -1.70 -5.08 -3.31 -16
Net Cash From Continuing Operating Activities		 -1.70 -5.08 -3.31 -16
Net Income / (Loss) Continuing Operations		 1.12 4.44 -65 -70
Consolidated Net Income / (Loss)		 1.12 4.44 -65 -70
Amortization Expense		 - 0.00 0.48 1.27
Non-Cash Adjustments To Reconcile Net Income		 -3.62 -10 59 46
Changes in Operating Assets and Liabilities, net		 0.80 0.97 2.58 6.09
Net Cash From Investing Activities		 -28 100 -2.51 -8.97
Net Cash From Continuing Investing Activities		 -28 100 -2.51 -8.97
Purchase of Property, Plant & Equipment		 - - -0.74 -0.95
Acquisitions		 - - -1.88 -8.02
Other Investing Activities, net		 0.55 100 0.10 0.00
Net Cash From Financing Activities		 29 -95 23 14
Net Cash From Continuing Financing Activities		 29 -95 23 14
Repayment of Debt		 - - -2.61 -0.11
Repurchase of Common Equity		 0.00 -97 0.00 -0.65
Issuance of Debt		 0.00 2.03 0.00 10
Issuance of Common Equity		 29 - 17 4.37
Other Financing Activities, net		 - - 8.00 0.80
Cash Interest Paid		 - - 0.00 0.05
Cash Income Taxes Paid		 0.00 2.77 0.00 0.01

Quarterly Cash Flow Statements for FTAC Emerald Acquisition

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 9/30/2026
Net Change in Cash & Equivalents		 -0.47 1.13 2.24 0.89 -6.63 -5.09 0.05 0.99 3.87 17 -6.71
Net Cash From Operating Activities		 -0.35 -0.86 -2.18 -1.38 -4.95 -4.00 -2.48 -4.69 -6.59 -9.45 -4.53
Net Cash From Continuing Operating Activities		 -0.35 -0.86 -2.18 -1.38 -4.95 -4.00 -2.48 -4.69 -6.59 -9.45 -4.53
Net Income / (Loss) Continuing Operations		 -0.95 -2.32 -62 -0.42 -49 13 0.55 -35 -29 -9.65 -2.65
Consolidated Net Income / (Loss)		 -0.95 -2.32 -62 -0.42 -49 13 0.55 -35 -29 -9.65 -2.65
Amortization Expense		 0.06 0.06 0.09 - 0.62 0.65 0.06 -0.05 0.05 0.47 0.43
Non-Cash Adjustments To Reconcile Net Income		 0.03 1.09 58 -0.92 43 -20 -6.17 29 21 0.34 -3.61
Changes in Operating Assets and Liabilities, net		 0.51 0.31 2.03 -0.47 0.00 2.13 3.08 0.87 1.56 -0.61 1.30
Net Cash From Investing Activities		 -0.61 -0.51 -0.58 1.31 -1.83 -0.98 -0.95 -5.21 13 43 -2.08
Net Cash From Continuing Investing Activities		 -0.61 -0.51 -0.58 1.31 -1.83 -0.98 -0.95 -5.21 13 43 -2.08
Purchase of Property, Plant & Equipment		 -0.17 -0.13 -0.21 - -0.27 -0.17 -0.18 -0.33 -0.47 -0.27 -0.47
Acquisitions		 -0.44 -0.38 -0.48 - -1.56 -0.81 -0.76 -4.88 -0.72 -1.03 -1.61
Net Cash From Financing Activities		 0.50 2.50 5.00 0.96 0.15 -0.11 3.48 11 -2.73 -17 -0.09
Net Cash From Continuing Financing Activities		 0.50 2.50 5.00 0.96 0.15 -0.11 3.48 11 -2.73 -17 -0.09
Issuance of Common Equity		 0.50 2.50 5.00 - 0.00 - 3.48 0.89 0.39 2.87 0.03
Other Financing Activities, net		 0.00 - - - 0.80 0.00 -0.00 - -0.95 - -0.13
Cash Interest Paid		 - - - - 0.00 - - - 2.66 0.75 0.33

Annual Balance Sheets for FTAC Emerald Acquisition

This table presents FTAC Emerald 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 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 225 256 166 126 153
Total Current Assets		 1.64 0.26 0.31 28 18
Cash & Equivalents		 1.23 0.07 0.03 18 7.65
Note & Lease Receivable		 - - - - 0.00
Accounts Receivable		 - - - 0.45 0.73
Inventories, net		 - - - 0.26 0.48
Prepaid Expenses		 0.41 0.19 0.28 0.69 2.38
Other Current Assets		 - - - 8.57 6.87
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 224 254 164 97 135
Intangible Assets		 - - - 1.00 1.39
Other Noncurrent Operating Assets		 224 254 164 96 134
Total Liabilities & Shareholders' Equity		 225 256 166 126 153
Total Liabilities		 8.95 10 4.55 193 90
Total Current Liabilities		 0.09 0.49 3.39 22 21
Short-Term Debt		 - 0.00 2.03 12 0.00
Accounts Payable		 0.02 0.11 0.11 1.11 0.70
Accrued Expenses		 0.08 - - 0.07 3.17
Current Deferred Revenue		 - - 0.00 0.39 0.37
Other Current Liabilities		 - 0.02 0.29 8.57 17
Total Noncurrent Liabilities		 8.86 9.86 0.00 172 69
Long-Term Debt		 - - - 0.00 21
Other Noncurrent Operating Liabilities		 7.70 8.70 - 171 48
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -5.98 -8.50 -4.31 -68 63
Total Preferred & Common Equity		 -5.98 -8.50 -4.31 -68 63
Preferred Stock		 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -5.98 -8.50 -4.31 -68 63
Common Stock		 0.00 0.00 6.99 34 234
Retained Earnings		 -5.98 -8.50 -11 -101 -171

Quarterly Balance Sheets for FTAC Emerald Acquisition

This table presents FTAC Emerald 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 Q3 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 9/30/2026
Total Assets		 165 52 52 52 149 182 191 78 52 52
Total Current Assets		 0.11 0.36 0.25 0.16 24 21 19 20 39 36
Cash & Equivalents		 0.03 0.14 0.11 0.02 12 6.61 6.66 12 28 22
Note & Lease Receivable		 - - - - - - - - 2.75 3.96
Accounts Receivable		 - - - - 0.94 0.70 0.29 0.54 0.61 1.12
Inventories, net		 - - - - 0.40 0.33 0.37 0.46 0.85 0.79
Prepaid Expenses		 0.03 0.22 0.14 0.14 4.00 3.64 2.46 2.20 1.91 1.61
Other Current Assets		 - - - - 7.37 9.37 9.30 5.25 4.50 6.39
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 164 51 52 52 124 161 172 58 13 17
Intangible Assets		 - - - - 1.18 1.24 1.19 1.70 1.99 2.27
Other Noncurrent Operating Assets		 164 51 52 52 123 160 171 57 11 14
Total Liabilities & Shareholders' Equity		 165 52 52 52 149 182 191 78 52 52
Total Liabilities		 13 6.47 6.77 7.56 77 94 96 42 21 22
Total Current Liabilities		 2.94 5.32 5.62 6.41 11 13 13 42 21 22
Short-Term Debt		 1.52 2.57 0.31 0.44 0.00 0.00 0.00 12 12 13
Accounts Payable		 0.45 0.12 0.04 0.29 1.49 1.31 1.05 1.65 0.70 0.82
Accrued Expenses		 - - - - 1.90 1.92 2.22 2.61 1.99 1.75
Current Deferred Revenue		 - - - - 0.36 0.29 0.38 0.31 0.23 0.14
Other Current Liabilities		 - 0.38 3.14 0.56 7.37 9.37 9.30 25 5.88 6.39
Total Noncurrent Liabilities		 9.86 1.16 0.00 0.00 66 81 83 0.00 0.00 0.00
Long-Term Debt		 - - - - 12 22 22 0.00 0.00 0.00
Other Noncurrent Operating Liabilities		 8.70 - - - 53 58 61 0.00 0.00 0.00
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -12 -5.97 -6.49 -7.40 72 89 95 36 31 30
Total Preferred & Common Equity		 -12 -5.97 -6.49 -7.40 72 89 95 36 31 30
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -12 -5.97 -6.49 -7.40 72 89 95 36 31 30
Common Stock		 0.00 7.31 7.01 6.49 222 225 231 236 241 243
Retained Earnings		 -12 -13 -13 -14 -150 -137 -136 -200 -210 -212

Annual Metrics And Ratios for FTAC Emerald Acquisition

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

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 34,460,564.00 25,221,372.00 - 48,307,642.00
DEI Adjusted Shares Outstanding		 34,460,564.00 25,221,372.00 - 48,307,642.00
DEI Earnings Per Adjusted Shares Outstanding		 0.03 0.18 - -1.44
Growth Metrics		 - - - -
Revenue Growth		 0.00% 0.00% 0.00% 33.85%
EBITDA Growth		 0.00% -149.81% 25.10% 17.67%
EBIT Growth		 0.00% -149.81% 15.31% 16.31%
NOPAT Growth		 0.00% -127.56% 16.53% -376.98%
Net Income Growth		 0.00% 298.26% -142.05% -6.92%
EPS Growth		 0.00% 0.00% -142.86% 85.20%
Operating Cash Flow Growth		 0.00% -198.38% 32.44% -386.27%
Free Cash Flow Firm Growth		 0.00% 0.00% 45.21% -193.19%
Invested Capital Growth		 0.00% -33.05% -70.77% 266.72%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 332.51%
EBITDA Q/Q Growth		 0.00% -63.85% 23.73% -224.71%
EBIT Q/Q Growth		 0.00% -63.85% 13.76% -232.54%
NOPAT Q/Q Growth		 0.00% -29.37% 19.63% -7.33%
Net Income Q/Q Growth		 0.00% -17.76% -82.94% -341.57%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -117.39%
Operating Cash Flow Q/Q Growth		 0.00% -8.87% -10.81% -40.58%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 12.37% -177.16%
Invested Capital Q/Q Growth		 0.00% 6.94% -2.86% 13.08%
Profitability Metrics		 - - - -
Gross Margin		 0.00% 0.00% 0.00% 100.00%
EBITDA Margin		 0.00% 0.00% 0.00% -166.68%
Operating Margin		 0.00% 0.00% 0.00% -87.22%
EBIT Margin		 0.00% 0.00% 0.00% -170.69%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% -218.88%
Tax Burden Percent		 60.57% 65.65% 150.69% 100.00%
Interest Burden Percent		 -103.67% -152.49% 32.99% 128.23%
Effective Tax Rate		 39.43% 34.35% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% -78.23%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% -262.55%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 2,966.83%
Return on Equity (ROE)		 0.48% 2.19% -1.83% 2,888.60%
Cash Return on Invested Capital (CROIC)		 0.00% 38.40% 107.60% -175.63%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% -38.89%
Return on Assets (ROA)		 0.00% 0.00% 0.00% -49.86%
Return on Common Equity (ROCE)		 -0.02% -0.07% 0.11% 2,889.21%
Return on Equity Simple (ROE_SIMPLE)		 -13.13% -103.06% 22.45% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.08 -2.45 -2.04 -19
NOPAT Margin		 0.00% 0.00% 0.00% -61.06%
Net Nonoperating Expense Percent (NNEP)		 178.54% -1,796.37% -5.15% 184.32%
Return On Investment Capital (ROIC_SIMPLE)		 - 107.10% 79.20% -14.74%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 32.34%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 187.22%
Earnings before Interest and Taxes (EBIT)		 -1.78 -4.44 -3.76 -54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.78 -4.44 -3.32 -53
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 1.75
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 1.79
Price to Revenue (P/Rev)		 0.00 0.00 0.00 3.47
Price to Earnings (P/E)		 309.47 49.51 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.32% 2.02% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 2.45 2.37 5.78 1.38
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 5.39
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 4.96 2.43 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.01 0.13 1.09
Long-Term Debt to Equity		 0.00 0.00 0.00 1.09
Financial Leverage		 -0.01 0.00 0.03 -11.30
Leverage Ratio		 1.04 1.04 1.07 -57.93
Compound Leverage Factor		 -1.08 -1.58 0.35 -74.28
Debt to Total Capital		 0.00% 1.24% 11.80% 52.16%
Short-Term Debt to Total Capital		 0.00% 1.24% 11.80% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 52.16%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 103.47% 101.40% 105.30% 0.00%
Common Equity to Total Capital		 -3.47% -2.64% -17.10% 47.84%
Debt to EBITDA		 0.00 -0.46 -1.73 -1.30
Net Debt to EBITDA		 0.00 -0.45 -1.45 -1.15
Long-Term Debt to EBITDA		 0.00 0.00 0.00 -1.30
Debt to NOPAT		 0.00 -0.83 -2.81 -3.54
Net Debt to NOPAT		 0.00 -0.81 -2.37 -3.14
Long-Term Debt to NOPAT		 0.00 0.00 0.00 -3.54
Altman Z-Score		 19.94 28.81 13.39 -1.81
Noncontrolling Interest Sharing Ratio		 103.14% 103.15% 106.18% -0.02%
Liquidity Ratios		 - - - -
Current Ratio		 0.52 0.09 0.10 0.86
Quick Ratio		 0.15 0.01 0.10 0.40
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 78 114 -218
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% -1,693.83%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 261.34 -14.22
Operating Cash Flow to Interest Expense		 0.00 0.00 -7.90 -1.05
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -7.90 -1.11
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.00 0.00 0.23
Accounts Receivable Turnover		 0.00 0.00 0.00 53.91
Inventory Turnover		 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 6.77
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 6.77
Capital & Investment Metrics		 - - - -
Invested Capital		 244 163 48 124
Invested Capital Turnover		 0.00 0.00 0.00 1.28
Increase / (Decrease) in Invested Capital		 0.00 -81 -116 198
Enterprise Value (EV)		 599 388 276 171
Market Capitalization		 345 220 220 110
Book Value per Share		 ($0.25) ($0.17) ($0.56) $1.30
Tangible Book Value per Share		 ($0.25) ($0.17) ($0.56) $1.28
Total Capital		 245 163 49 132
Total Debt		 0.00 2.03 5.74 69
Total Long-Term Debt		 0.00 0.00 0.00 69
Net Debt		 -0.07 2.00 4.84 61
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.95
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.31 -1.09 -3.53 -11
Debt-free Net Working Capital (DFNWC)		 -0.23 -1.06 -2.62 -2.99
Net Working Capital (NWC)		 -0.23 -3.09 -8.37 -2.99
Net Nonoperating Expense (NNE)		 -2.19 -6.89 -0.18 50
Net Nonoperating Obligations (NNO)		 -1.23 2.00 4.84 61
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.43 1.27
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% -33.49%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% -9.42%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% -9.42%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.06 $0.28 ($0.12) ($1.65)
Adjusted Weighted Average Basic Shares Outstanding		 34.31M 32.06M 14.97M 42.22M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.12) ($1.65)
Adjusted Weighted Average Diluted Shares Outstanding		 34.46M 14.35M 14.97M 42.22M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 34.46M 14.35M 46.89M 49.83M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.08 -2.45 -2.04 -19
Normalized NOPAT Margin		 0.00% 0.00% 0.00% -61.06%
Pre Tax Income Margin		 0.00% 0.00% 0.00% -218.88%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 0.00 0.00 -8.65 -3.54
NOPAT to Interest Expense		 0.00 0.00 -4.70 -1.27
EBIT Less CapEx to Interest Expense		 0.00 0.00 -8.65 -3.60
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -4.70 -1.33
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 2,178.21% -6,246.86% -0.94%

Quarterly Metrics And Ratios for FTAC Emerald Acquisition

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

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 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 9/30/2026
DEI Shares Outstanding		 25,221,372.00 25,221,372.00 25,221,372.00 - 25,221,372.00 46,382,470.00 46,789,930.00 48,307,642.00 49,831,298.00 50,783,350.00 55,077,187.00
DEI Adjusted Shares Outstanding		 25,221,372.00 25,221,372.00 25,221,372.00 - 25,221,372.00 46,382,470.00 46,789,930.00 48,307,642.00 49,831,298.00 50,783,350.00 55,077,187.00
DEI Earnings Per Adjusted Shares Outstanding		 -0.04 -0.09 -2.47 - -1.94 0.29 0.01 -0.72 -0.59 -0.19 -0.05
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 43.73% 59.11% 41.15% 8.17% -21.10% -25.51% -43.75%
EBITDA Growth		 -0.77% -225.00% -4,369.68% 40.55% -5,241.91% 1,236.76% 102.88% -3,496.84% 51.40% -132.19% -193.70%
EBIT Growth		 -7.34% -233.99% -4,376.02% 40.55% -4,980.77% 1,178.31% 102.78% -4,784.35% 51.92% -134.90% -221.53%
NOPAT Growth		 1.41% -63.57% -567.63% -5.06% -1,011.51% -659.97% -103.87% -1,131.17% 17.58% 14.02% 25.73%
Net Income Growth		 -174.54% -234.26% -5,264.20% -350.62% -5,072.15% 678.83% 100.89% -7,232.43% 40.33% -171.89% -578.11%
EPS Growth		 0.00% 0.00% 0.00% 0.00% -1,100.00% 170.00% 100.09% -122.22% 69.27% -167.86% -600.00%
Operating Cash Flow Growth		 59.57% 57.58% -91.72% -32.10% -1,298.58% -365.00% -13.57% -6,096.20% -33.07% -136.46% -83.22%
Free Cash Flow Firm Growth		 4,063.27% 2,998.14% 11.32% 43.58% -115.87% -131.50% -165.98% -185.05% 194.87% 230.25% 226.13%
Invested Capital Growth		 -80.80% -81.42% -67.82% -70.77% 52.58% 123.82% 123.05% 266.72% -48.97% -85.24% -80.46%
Revenue Q/Q Growth		 0.00% 4.21% 2.01% 0.00% -16.04% 15.35% -9.50% 23.41% -38.75% 8.90% -31.67%
EBITDA Q/Q Growth		 40.55% -156.63% -2,656.21% -9.75% -4,870.28% 154.61% -93.02% -1,968.19% 31.74% 63.83% 79.69%
EBIT Q/Q Growth		 36.67% -147.58% -2,585.88% -9.75% -6,774.15% 152.55% -93.07% -2,028.41% 31.50% 61.85% 75.88%
NOPAT Q/Q Growth		 -17.20% -39.11% -250.65% 4.39% -1,742.39% 4.89% 5.93% 29.82% -31.28% 0.79% 18.74%
Net Income Q/Q Growth		 -491.15% -145.43% -2,586.45% -52.51% -10,149.49% 127.47% -95.87% -6,359.19% 15.92% 66.91% 72.54%
EPS Q/Q Growth		 0.00% -150.00% -2,570.00% 0.00% -2,233.33% 114.58% -96.43% -300.00% -2,850.00% 67.80% 73.68%
Operating Cash Flow Q/Q Growth		 66.05% -142.65% -153.56% -130.58% -6,429.30% 19.32% 38.07% -89.62% -40.46% -43.36% 52.02%
Free Cash Flow Firm Q/Q Growth		 148.45% 1.55% -50.20% 11.67% -113.27% -101.50% -4.30% -204.85% 114.81% 176.65% 1.00%
Invested Capital Q/Q Growth		 -70.94% -2.40% 6.08% -2.86% 197.40% 43.17% 5.72% 13.08% -70.18% -58.60% 39.98%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 100.00% 100.00% 100.00% 0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 -17.84% -43.93% -1,186.90% 0.00% -662.92% 313.85% 24.21% -366.43% -408.37% -135.65% -40.32%
Operating Margin		 -17.33% -23.14% -79.54% 0.00% -134.04% -77.37% -80.29% -65.32% -140.02% -127.57% -151.70%
EBIT Margin		 -19.00% -45.14% -1,188.58% 0.00% -671.62% 305.94% 23.42% -365.91% -409.23% -143.35% -50.60%
Profit (Net Income) Margin		 -19.16% -45.14% -1,188.71% 0.00% -689.62% 164.21% 7.49% -379.93% -521.57% -158.48% -63.68%
Tax Burden Percent		 100.87% 99.99% 100.01% 218.19% 100.01% 99.99% 100.16% 99.99% 100.01% 100.00% 100.27%
Interest Burden Percent		 100.00% 100.00% 100.00% 31.55% 102.67% 53.68% 31.94% 103.84% 127.44% 110.56% 125.51%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% -0.16% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -0.41% -1.10% -8.44% 0.00% -40.54% -5.35% -7.44% -58.59% -54.27% -42.32% -40.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 -22.68% -120.78% -2,425.72% 0.00% -2,847.14% 233.11% 59.08% -170.68% -3,988.33% 1,109.13% 18.91%
Return on Net Nonoperating Assets (RNNOA)		 -0.24% -1.02% -60.49% 0.00% -73.27% 28.92% 8.29% 1,928.72% -44.38% -6.78% 0.90%
Return on Equity (ROE)		 -0.65% -2.13% -68.93% -1.83% -113.81% 23.57% 0.85% 1,870.13% -98.65% -49.10% -39.56%
Cash Return on Invested Capital (CROIC)		 134.15% 135.33% 97.29% 107.60% -58.51% -92.05% -98.95% -175.63% 31.50% 116.21% 104.84%
Operating Return on Assets (OROA)		 -0.60% -2.92% -167.41% 0.00% -173.95% 13.59% 1.42% -83.36% -109.30% -34.48% -10.39%
Return on Assets (ROA)		 -0.61% -2.92% -167.43% 0.00% -178.61% 7.29% 0.45% -86.55% -139.31% -38.12% -13.08%
Return on Common Equity (ROCE)		 0.03% 0.12% 6.63% 0.11% -64.15% 14.48% 0.53% 1,870.53% -98.65% -49.10% -39.56%
Return on Equity Simple (ROE_SIMPLE)		 -37.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.60 -0.83 -2.92 -0.54 -6.65 -6.33 -5.95 -4.18 -5.48 -5.44 -4.42
NOPAT Margin		 -12.13% -16.20% -55.67% 0.00% -93.83% -77.36% -80.41% -45.73% -98.01% -89.30% -106.19%
Net Nonoperating Expense Percent (NNEP)		 22.28% 119.67% 2,417.28% 2.02% 2,806.60% -238.46% -66.52% 112.09% 3,934.06% -1,151.45% -59.36%
Return On Investment Capital (ROIC_SIMPLE)		 17.59% 13.47% 41.91% 20.78% -7.90% -5.73% -5.11% -3.17% -11.30% -12.44% -10.25%
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		 7.09% 11.39% 67.02% 0.00% 41.27% 31.00% 33.87% 25.37% 60.39% 48.36% 51.57%
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		 117.33% 123.14% 179.54% 0.00% 234.04% 177.37% 180.29% 165.32% 240.02% 227.57% 251.70%
Earnings before Interest and Taxes (EBIT)		 -0.94 -2.32 -62 -0.88 -48 25 1.73 -33 -23 -8.73 -2.11
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.88 -2.26 -62 -0.88 -47 26 1.79 -33 -23 -8.26 -1.68
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 2.19 2.27 1.91 1.75 1.80 0.61 0.91
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 2.23 2.30 1.94 1.79 1.89 0.65 0.99
Price to Revenue (P/Rev)		 44.61 21.85 14.37 0.00 6.09 38.73 24.64 3.47 2.16 0.68 1.11
Price to Earnings (P/E)		 98.62 0.00 0.00 0.00 0.00 0.00 6.29 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		 1.01% 0.00% 0.00% 0.00% 0.00% 0.00% 15.91% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 5.76 5.86 5.54 5.78 2.18 2.09 1.79 1.38 1.79 0.21 0.88
Enterprise Value to Revenue (EV/Rev)		 55.45 26.98 17.79 0.00 6.11 41.66 26.67 5.39 2.18 0.11 0.75
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 4.61 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 4.79 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)		 1.38 1.36 2.77 2.43 0.00 0.00 0.00 0.00 3.84 0.05 0.27
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.06 0.01 0.01 0.13 0.17 0.25 0.23 1.09 0.33 0.40 0.42
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.17 0.25 0.23 1.09 0.00 0.00 0.00
Financial Leverage		 0.01 0.01 0.02 0.03 0.03 0.12 0.14 -11.30 0.01 -0.01 0.05
Leverage Ratio		 1.06 1.06 1.10 1.07 1.71 1.75 1.75 -57.93 2.10 1.96 1.94
Compound Leverage Factor		 1.06 1.06 1.10 0.34 1.76 0.94 0.56 -60.15 2.67 2.17 2.44
Debt to Total Capital		 5.39% 0.69% 0.97% 11.80% 14.59% 19.77% 18.61% 52.16% 25.05% 28.48% 29.36%
Short-Term Debt to Total Capital		 5.39% 0.69% 0.97% 11.80% 0.00% 0.00% 0.00% 0.00% 25.05% 28.48% 29.36%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 14.59% 19.77% 18.61% 52.16% 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		 107.14% 113.63% 115.46% 105.30% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -12.53% -14.32% -16.44% -17.10% 85.41% 80.23% 81.39% 47.84% 74.95% 71.52% 70.64%
Debt to EBITDA		 -0.57 -0.05 -0.01 -1.73 -0.11 -1.01 0.51 -1.30 -0.42 -0.20 -0.19
Net Debt to EBITDA		 -0.54 -0.03 -0.01 -1.45 -0.01 -0.71 0.35 -1.15 -0.02 0.25 0.14
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 -0.11 -1.01 0.51 -1.30 0.00 0.00 0.00
Debt to NOPAT		 -1.24 -0.11 -0.08 -2.81 -1.21 -1.87 -1.20 -3.54 -0.67 -0.65 -0.65
Net Debt to NOPAT		 -1.18 -0.07 -0.08 -2.37 -0.06 -1.30 -0.83 -3.14 -0.03 0.83 0.46
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 -1.21 -1.87 -1.20 -3.54 0.00 0.00 0.00
Altman Z-Score		 19.95 19.05 13.29 13.57 -0.96 0.77 0.24 -1.36 -3.55 -4.66 -4.27
Noncontrolling Interest Sharing Ratio		 105.23% 105.60% 109.61% 106.18% 43.64% 38.56% 37.33% -0.02% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.07 0.04 0.03 0.10 2.20 1.60 1.47 0.86 0.48 1.84 1.63
Quick Ratio		 0.03 0.02 0.00 0.10 1.14 0.57 0.54 0.40 0.29 1.49 1.23
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 199 202 101 115 -32 -64 -66 -203 30 83 84
Operating Cash Flow to CapEx		 -206.99% -644.43% -1,060.37% 0.00% -1,860.94% -2,370.64% -1,340.63% -1,412.75% -1,411.55% -3,459.98% -964.15%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 -24.86 -5.50 -56.35 -157.97 4.78 90.02 156.04
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 -3.90 -0.34 -2.10 -3.66 -1.05 -10.25 -8.44
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -4.11 -0.36 -2.26 -3.92 -1.12 -10.55 -9.32
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.06 0.14 0.00 0.26 0.04 0.06 0.23 0.27 0.24 0.21
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 53.91 40.89 42.99 35.37
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 6.77 8.93 8.49 10.32
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 6.77 8.93 8.49 10.32
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 47 46 49 48 72 104 110 124 37 15 21
Invested Capital Turnover		 0.03 0.07 0.15 0.00 0.43 0.07 0.09 1.28 0.55 0.47 0.38
Increase / (Decrease) in Invested Capital		 -200 -203 -104 -116 25 57 61 198 -35 -88 -88
Enterprise Value (EV)		 273 272 272 276 158 216 196 171 66 3.18 19
Market Capitalization		 220 220 220 220 158 201 181 110 66 19 28
Book Value per Share		 ($1.02) ($1.11) ($1.27) ($0.56) $2.83 $1.91 $2.02 $1.30 $0.73 $0.62 $0.55
Tangible Book Value per Share		 ($1.02) ($1.11) ($1.27) ($0.56) $2.78 $1.88 $2.00 $1.28 $0.70 $0.58 $0.51
Total Capital		 48 45 45 49 84 110 116 132 49 44 43
Total Debt		 2.57 0.31 0.44 5.74 12 22 22 69 12 12 13
Total Long-Term Debt		 0.00 0.00 0.00 0.00 12 22 22 69 0.00 0.00 0.00
Net Debt		 2.43 0.20 0.42 4.84 0.58 15 15 61 0.62 -16 -9.02
Capital Expenditures (CapEx)		 0.17 0.13 0.21 0.00 0.27 0.17 0.18 0.33 0.47 0.27 0.47
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2.53 -5.16 -5.83 -3.53 1.61 1.15 -0.54 -11 -21 1.84 4.77
Debt-free Net Working Capital (DFNWC)		 -2.39 -5.05 -5.81 -2.62 13 7.76 6.12 -2.99 -9.85 30 26
Net Working Capital (NWC)		 -4.96 -5.37 -6.25 -8.37 13 7.76 6.12 -2.99 -22 18 14
Net Nonoperating Expense (NNE)		 0.35 1.49 59 0.07 42 -20 -6.50 31 24 4.21 -1.77
Net Nonoperating Obligations (NNO)		 2.43 1.36 4.57 4.84 0.58 15 15 61 0.62 -16 -9.02
Total Depreciation and Amortization (D&A)		 0.06 0.06 0.09 0.00 0.62 0.65 0.06 -0.05 0.05 0.47 0.43
Debt-free, Cash-free Net Working Capital to Revenue		 -51.29% -51.28% -38.07% 0.00% 6.20% 22.15% -7.33% -33.49% -70.55% 6.51% 19.09%
Debt-free Net Working Capital to Revenue		 -48.51% -50.20% -37.93% 0.00% 51.35% 149.41% 83.31% -9.42% -32.51% 107.13% 105.89%
Net Working Capital to Revenue		 -100.56% -53.28% -40.80% 0.00% 51.35% 149.41% 83.31% -9.42% -72.61% 63.01% 55.21%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.05) ($0.02) ($0.03) ($0.02) ($1.92) $0.29 $0.01 ($0.03) ($0.59) ($0.19) ($0.05)
Adjusted Weighted Average Basic Shares Outstanding		 16.86M 14.35M 14.35M 14.97M 25.44M 46.50M 46.91M 42.22M 49.66M 51.83M 54.84M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.03) $0.00 ($1.92) $0.28 $0.01 ($0.02) ($0.59) ($0.19) ($0.05)
Adjusted Weighted Average Diluted Shares Outstanding		 14.35M 14.35M 14.35M 14.97M 25.44M 47.56M 46.92M 42.22M 49.66M 42.17M 52.19M
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		 14.35M 14.35M 14.35M 46.89M 46.38M 46.79M 48.31M 49.83M 50.78M 55.08M 55.06M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.60 -0.83 -2.92 -0.54 -6.65 -6.33 -4.16 -4.18 -5.48 -4.65 -4.42
Normalized NOPAT Margin		 -12.13% -16.20% -55.67% 0.00% -93.83% -77.36% -56.20% -45.73% -98.01% -76.43% -106.19%
Pre Tax Income Margin		 -19.00% -45.14% -1,188.58% 0.00% -689.56% 164.22% 7.48% -379.96% -521.51% -158.48% -63.50%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 -37.43 2.16 1.47 -26.05 -3.64 -9.47 -3.92
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 -5.23 -0.55 -5.05 -3.26 -0.87 -5.90 -8.23
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -37.64 2.14 1.31 -26.31 -3.72 -9.77 -4.80
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 -5.44 -0.56 -5.20 -3.52 -0.95 -6.20 -9.10
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		 4,339.01% -5,329.08% 0.00% -6,246.86% -0.58% -344.64% 407.45% -0.94% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Fold Holdings’ Q2 2026 results show improved liquidity but continued operating losses and cash burn. Revenue increased to $6.1 million from $5.6 million in Q1 2026, but declined approximately 25.5% from $8.2 million in Q2 2025. Because reported cost of revenue was zero, gross profit equaled revenue, making operating expenses the primary driver of profitability. Fold reported an operating loss of $7.8 million and a net loss of $9.7 million, compared with a $29.2 million net loss in Q1 2026 but a $13.4 million profit in the restated year-ago quarter.

The balance sheet strengthened sequentially. Cash and equivalents rose to $28.4 million from $11.5 million at the end of Q1, while total current assets increased to $39.0 million. With $21.2 million of current liabilities, the current ratio improved to approximately 1.8 from 0.5 in Q1. However, this improvement was partly supported by a $44.7 million inflow classified as other investing activity and does not reflect internally generated cash. Fold also repaid $20.0 million of debt during the quarter, leaving $12.4 million of short-term debt and no long-term debt.

Cash generation remains a central concern. Operating cash flow was negative $9.5 million in Q2, worse than negative $6.6 million in Q1 and negative $4.0 million in Q2 2025. Financing activities consumed $17.1 million, primarily because of debt repayment, while common-equity issuance added $2.9 million. The company’s accumulated retained deficit reached $209.8 million, and weighted-average basic shares increased to 51.8 million from 49.7 million in Q1 and 46.5 million a year earlier, indicating potential dilution for existing shareholders.

  • Liquidity improved: Cash increased by $16.9 million sequentially to $28.4 million, and the current ratio rose to approximately 1.8.
  • Debt reduction: Fold repaid $20.0 million of debt in Q2 and reported no long-term debt at quarter-end.
  • Sequential revenue growth: Q2 revenue rose approximately 8.9% from Q1 2026 to $6.1 million.
  • Sequential net-loss improvement: The Q2 net loss of $9.7 million was substantially smaller than the $29.2 million loss reported in Q1 2026.
  • Lower cash interest burden: Cash interest paid declined to approximately $0.8 million from $2.7 million in Q1 2026.
  • Investing inflow was unusually large: Positive investing cash flow of $43.4 million was driven primarily by $44.7 million of other investing activity, so investors should review the underlying transaction before treating it as recurring cash generation.
  • Reported gross margins require caution: Cost of revenue was reported as zero in Q2 2026 and several prior periods, causing gross profit to equal revenue and limiting the usefulness of gross-margin comparisons.
  • Operating cash flow remained negative: Fold used $9.5 million in operating activities during Q2, indicating that the business is not yet self-funding.
  • Profitability deteriorated year over year: The company moved from a $13.4 million restated net profit in Q2 2025 to a $9.7 million net loss in Q2 2026, while revenue declined 25.5%.
  • Persistent expense burden and dilution: Other operating expenses totaled $8.9 million, and weighted-average basic shares increased approximately 11.4% year over year to 51.8 million.
11/15/26 07:24 AM ETAI Generated. May Contain Errors.

FTAC Emerald Acquisition Financials - Frequently Asked Questions

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

FTAC Emerald Acquisition's net income appears to be on a downward trend, with a most recent value of -$69.59 million in 2025, compared with $1.12 million in 2022. The previous period was -$65.09 million in 2024.

FTAC Emerald Acquisition's total operating income in 2025 was -$27.73 million, based on the following breakdown:
  • Total Gross Profit: $31.79 million
  • Total Operating Expenses: $59.52 million

Over the last 3 years, FTAC Emerald Acquisition's total revenue changed from $0.00 in 2022 to $31.79 million in 2025, a change of 3,179,367,300.0%.

In the past 12 quarters, FTAC Emerald Acquisition's cash and equivalents has ranged from $20.44 thousand in Q3 2024 to $28.39 million in Q2 2026, and is currently $21.68 million as of their latest financial filing in Q3 2026.

FTAC Emerald Acquisition had total debt of $68.68 million at the end of 2025, a 1,096.1% increase from 2024, and none in 2022.

Over the last 3 years, FTAC Emerald Acquisition's book value per share changed from -0.25 in 2022 to 1.30 in 2025.



Financial statements for NASDAQ:FLDDW last updated on 11/10/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Why I'm selling my Snapback Indicator for just $7
For Black Friday, Base Camp Trading's Thomas Wood is offering lifetime access to his proprietary Snapback Indi...
Base Camp Trading | Sponsoredtc pixel
Today's free pick (on me)
Elon Musk doesn't own the chip inside every Tesla, Starlink dish, and AI satellite - he licenses it from one l...
Behind the Markets | Sponsoredtc pixel
Drop these 5 stocks before the market opens tomorrow!
The Wall Street Journal called it the "$64 trillion question": is a stock market crash on the way? Weiss Ratin...
Weiss Ratings | Sponsoredtc pixel
Your free book is about to disappear
Bill Poulos is giving away his 'Safe Trade Options Formula' book for free - but only for a limited time throug...
Profits Run | Sponsoredtc pixel
The investigation Porter spent tens of thousands to document
Porter Stansberry flew the Porter and Co. team 3,300 miles to Dublin to investigate a 17-year investing experi...
Porter & Company | Sponsoredtc pixel
URGENT: If you own a home, please review the map below.
More than 1,300 red dots are scattered across the country, and 2,800 more are already on the way. Jim Rickards...
Paradigm Press | Sponsoredtc pixel
Trump’s EO to send this $5 stock ripping higher…?
President Trump's December executive order declared space a national security and economic priority, fueling a...
Traders Agency | Sponsoredtc pixel
Uranium Mine Flood That Sparked a 2006 Price Surge Returns
In 2006, a flooded mine at Cigar Lake sent uranium prices from the $50 range to $136 in eight months. This pa...
Digest Publishing | Sponsoredtc pixel