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FTAC Emerald Acquisition (FLDDW) Financials

FTAC Emerald Acquisition logo
$0.09 +0.01 (+6.40%)
As of 03:08 PM Eastern
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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 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		 1.21 0.24 -0.95 -2.32 -62 -0.73 -49 13 0.55 -35 -29
Consolidated Net Income / (Loss)		 1.21 0.24 -0.95 -2.32 -62 -0.61 -49 13 0.55 -35 -29
Net Income / (Loss) Continuing Operations		 1.21 0.24 -0.95 -2.32 -62 -0.73 -49 13 0.55 -35 -29
Total Pre-Tax Income 		1.89 0.70 -0.94 -2.32 -62 -0.28 -49 13 0.55 -35 -29
Total Operating Income		 -0.68 -1.48 -0.85 -1.19 -4.17 -0.77 -9.50 -6.33 -5.94 -5.96 -7.83
Total Gross Profit		 0.00 - 4.93 5.14 5.24 - 7.09 8.18 7.40 9.13 5.59
Total Revenue		 0.00 - 4.93 5.14 5.24 - 7.09 8.18 7.40 9.13 5.59
Operating Revenue		 - - 4.93 5.14 5.24 - 7.09 8.18 7.40 9.13 5.59
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00
Total Operating Expenses		 0.68 1.48 5.79 6.33 9.41 0.77 17 15 13 15 13
Selling, General & Admin Expense		 0.68 1.48 0.35 0.59 3.51 0.77 2.92 2.53 2.51 2.32 3.38
Marketing Expense		 - - 0.04 0.04 0.14 - 0.40 0.62 0.24 0.45 0.27
Amortization Expense		 - - 0.06 0.06 0.09 - 0.09 0.11 0.23 0.13 0.16
Other Operating Expenses / (Income)		 - - 5.34 5.64 5.67 - 13 11 10 12 9.62
Total Other Income / (Expense), net		 2.57 2.18 -0.08 -1.13 -58 0.31 -39 20 6.49 -29 -21
Interest Expense		 - - 0.00 0.00 0.00 - 1.27 12 1.18 1.28 6.28
Other Income / (Expense), net		 -0.71 - -0.08 -1.13 -58 -0.11 -38 31 7.67 -27 -15
Income Tax Expense		 0.68 0.46 0.01 -0.00 0.01 0.15 0.00 0.00 -0.00 -0.00 0.00
Basic Earnings per Share		 $0.00 $0.28 ($0.16) ($0.40) ($10.68) ($0.02) ($1.92) $0.29 $0.01 ($0.03) ($0.59)
Weighted Average Basic Shares Outstanding		 0.00 32.06M 5.84M 5.84M 5.84M 14.97M 25.44M 46.50M 46.91M 42.22M 49.66M
Diluted Earnings per Share		 $0.00 - ($0.16) ($0.40) ($10.68) - ($1.92) $0.28 $0.01 ($0.02) ($0.59)
Weighted Average Diluted Shares Outstanding		 0.00 32.06M 5.84M 5.84M 5.84M 14.97M 25.44M 47.56M 46.92M 42.22M 49.66M
Weighted Average Basic & Diluted Shares Outstanding		 0.00 14.35M 14.35M 14.35M 14.35M 46.89M 46.38M 46.79M 48.31M 49.83M 50.78M

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -0.12 0.00 -0.47 1.13 2.24 0.89 -6.63 -5.09 0.05 0.99 3.87
Net Cash From Operating Activities		 -1.14 -1.04 -0.35 -0.86 -2.18 -1.38 -4.95 -4.00 -2.48 -4.69 -6.59
Net Cash From Continuing Operating Activities		 -1.14 -1.04 -0.35 -0.86 -2.18 -1.38 -4.95 -4.00 -2.48 -4.69 -6.59
Net Income / (Loss) Continuing Operations		 1.21 0.24 -0.95 -2.32 -62 -0.42 -49 13 0.55 -35 -29
Consolidated Net Income / (Loss)		 1.21 0.24 -0.95 -2.32 -62 -0.42 -49 13 0.55 -35 -29
Amortization Expense		 - - 0.06 0.06 0.09 - 0.62 0.65 0.06 -0.05 0.05
Non-Cash Adjustments To Reconcile Net Income		 -2.57 -2.18 0.03 1.09 58 -0.92 43 -20 -6.17 29 21
Changes in Operating Assets and Liabilities, net		 0.23 0.89 0.51 0.31 2.03 -0.47 0.00 2.13 3.08 0.87 1.56
Net Cash From Investing Activities		 98 0.52 -0.61 -0.51 -0.58 1.31 -1.83 -0.98 -0.95 -5.21 13
Net Cash From Continuing Investing Activities		 98 0.52 -0.61 -0.51 -0.58 1.31 -1.83 -0.98 -0.95 -5.21 13
Purchase of Property, Plant & Equipment		 - - -0.17 -0.13 -0.21 - -0.27 -0.17 -0.18 -0.33 -0.47
Acquisitions		 - - -0.44 -0.38 -0.48 - -1.56 -0.81 -0.76 -4.88 -0.72
Other Investing Activities, net		 98 0.52 0.00 - 0.10 1.31 0.00 - - - 14
Net Cash From Financing Activities		 -97 0.53 0.50 2.50 5.00 0.96 0.15 -0.11 3.48 11 -2.73
Net Cash From Continuing Financing Activities		 -97 0.53 0.50 2.50 5.00 0.96 0.15 -0.11 3.48 11 -2.73
Repayment of Debt		 - - - - - - 0.00 - - - -25
Repurchase of Common Equity		 -97 - 0.00 - - -1.23 -0.65 - - - 0.00
Issuance of Debt		 0.23 0.53 - - - 2.19 0.00 - - - 23
Issuance of Common Equity		 - - 0.50 2.50 5.00 - 0.00 - 3.48 0.89 0.39
Other Financing Activities, net		 - - 0.00 - - - 0.80 0.00 -0.00 - -0.95
Cash Interest Paid		 - - - - - - 0.00 - - - 2.66

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
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 69
Other Noncurrent Operating Liabilities		 7.70 8.70 - 171 0.69
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
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 165 52 52 52 149 182 191 78
Total Current Assets		 0.11 0.36 0.25 0.16 24 21 19 20
Cash & Equivalents		 0.03 0.14 0.11 0.02 12 6.61 6.66 12
Accounts Receivable		 - - - - 0.94 0.70 0.29 0.54
Inventories, net		 - - - - 0.40 0.33 0.37 0.46
Prepaid Expenses		 0.03 0.22 0.14 0.14 4.00 3.64 2.46 2.20
Other Current Assets		 - - - - 7.37 9.37 9.30 5.25
Plant, Property, & Equipment, net		 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
Intangible Assets		 - - - - 1.18 1.24 1.19 1.70
Other Noncurrent Operating Assets		 164 51 52 52 123 160 171 57
Total Liabilities & Shareholders' Equity		 165 52 52 52 149 182 191 78
Total Liabilities		 13 6.47 6.77 7.56 77 94 96 42
Total Current Liabilities		 2.94 5.32 5.62 6.41 11 13 13 42
Short-Term Debt		 1.52 2.57 0.31 0.44 0.00 0.00 0.00 12
Accounts Payable		 0.45 0.12 0.04 0.29 1.49 1.31 1.05 1.65
Accrued Expenses		 - - - - 1.90 1.92 2.22 2.61
Current Deferred Revenue		 - - - - 0.36 0.29 0.38 0.31
Other Current Liabilities		 - 0.38 3.14 0.56 7.37 9.37 9.30 25
Total Noncurrent Liabilities		 9.86 1.16 0.00 0.00 66 81 83 0.00
Long-Term Debt		 - - - - 12 22 22 0.00
Other Noncurrent Operating Liabilities		 8.70 - - - 53 58 61 0.00
Commitments & Contingencies		 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
Total Preferred & Common Equity		 -12 -5.97 -6.49 -7.40 72 89 95 36
Preferred Stock		 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
Common Stock		 0.00 7.31 7.01 6.49 222 225 231 236
Retained Earnings		 -12 -13 -13 -14 -150 -137 -136 -200

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 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		 34,460,564.00 25,221,372.00 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
DEI Adjusted Shares Outstanding		 34,460,564.00 25,221,372.00 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
DEI Earnings Per Adjusted Shares Outstanding		 0.04 0.01 -0.04 -0.09 -2.47 - -1.94 0.29 0.01 -0.72 -0.59
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 43.73% 59.11% 41.15% 8.17% -21.10%
EBITDA Growth		 -212.25% -222.98% -0.77% -225.00% -4,369.68% 40.55% -5,241.91% 1,236.76% 102.88% -3,496.84% 51.40%
EBIT Growth		 -212.25% -222.98% -7.34% -233.99% -4,376.02% 40.55% -4,980.77% 1,178.31% 102.78% -4,784.35% 51.92%
NOPAT Growth		 -44.14% -54.35% 1.41% -63.57% -567.63% -5.06% -1,011.51% -659.97% -103.87% -1,131.17% 17.58%
Net Income Growth		 158.09% -79.89% -174.54% -234.26% -5,264.20% -350.62% -5,072.15% 678.83% 100.89% -7,232.43% 40.33%
EPS Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -1,100.00% 170.00% 100.09% -122.22% 69.27%
Operating Cash Flow Growth		 -197.83% -65.84% 59.57% 57.58% -91.72% -32.10% -1,298.58% -365.00% -13.57% -6,096.20% -33.07%
Free Cash Flow Firm Growth		 137.08% 0.00% 4,063.27% 2,998.14% 11.32% 43.58% -115.87% -131.50% -165.98% -185.05% 194.87%
Invested Capital Growth		 -37.30% -33.05% -80.80% -81.42% -67.82% -70.77% 52.58% 123.82% 123.05% 266.72% -48.97%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 4.21% 2.01% 0.00% -16.04% 15.35% -9.50% 23.41% -38.75%
EBITDA Q/Q Growth		 -100.41% -6.29% 40.55% -156.63% -2,656.21% -9.75% -4,870.28% 154.61% -93.02% -1,968.19% 31.74%
EBIT Q/Q Growth		 -100.41% -6.29% 36.67% -147.58% -2,585.88% -9.75% -6,774.15% 152.55% -93.07% -2,028.41% 31.50%
NOPAT Q/Q Growth		 14.09% -16.79% -17.20% -39.11% -250.65% 4.39% -1,742.39% 4.89% 5.93% 29.82% -31.28%
Net Income Q/Q Growth		 -30.16% -79.98% -491.15% -145.43% -2,586.45% -52.51% -10,149.49% 127.47% -95.87% -6,359.19% 15.92%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -150.00% -2,570.00% 0.00% -2,233.33% 114.58% -96.43% -300.00% -2,850.00%
Operating Cash Flow Q/Q Growth		 43.90% 8.22% 66.05% -142.65% -153.56% -130.58% -6,429.30% 19.32% 38.07% -89.62% -40.46%
Free Cash Flow Firm Q/Q Growth		 1,396.46% -11.39% 148.45% 1.55% -50.20% 11.67% -113.27% -101.50% -4.30% -204.85% 114.81%
Invested Capital Q/Q Growth		 -38.74% 6.94% -70.94% -2.40% 6.08% -2.86% 197.40% 43.17% 5.72% 13.08% -70.18%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 100.00% 100.00% 100.00% 0.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 0.00% 0.00% -17.84% -43.93% -1,186.90% 0.00% -662.92% 313.85% 24.21% -366.43% -408.37%
Operating Margin		 0.00% 0.00% -17.33% -23.14% -79.54% 0.00% -134.04% -77.37% -80.29% -65.32% -140.02%
EBIT Margin		 0.00% 0.00% -19.00% -45.14% -1,188.58% 0.00% -671.62% 305.94% 23.42% -365.91% -409.23%
Profit (Net Income) Margin		 0.00% 0.00% -19.16% -45.14% -1,188.71% 0.00% -689.62% 164.21% 7.49% -379.93% -521.57%
Tax Burden Percent		 63.95% 34.51% 100.87% 99.99% 100.01% 218.19% 100.01% 99.99% 100.16% 99.99% 100.01%
Interest Burden Percent		 -135.55% -47.33% 100.00% 100.00% 100.00% 31.55% 102.67% 53.68% 31.94% 103.84% 127.44%
Effective Tax Rate		 36.05% 65.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% -0.16% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% -0.41% -1.10% -8.44% 0.00% -40.54% -5.35% -7.44% -58.59% -54.27%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -22.68% -120.78% -2,425.72% 0.00% -2,847.14% 233.11% 59.08% -170.68% -3,988.33%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% -0.24% -1.02% -60.49% 0.00% -73.27% 28.92% 8.29% 1,928.72% -44.38%
Return on Equity (ROE)		 2.73% 2.19% -0.65% -2.13% -68.93% -1.83% -113.81% 23.57% 0.85% 1,870.13% -98.65%
Cash Return on Invested Capital (CROIC)		 0.00% 38.40% 134.15% 135.33% 97.29% 107.60% -58.51% -92.05% -98.95% -175.63% 31.50%
Operating Return on Assets (OROA)		 0.00% 0.00% -0.60% -2.92% -167.41% 0.00% -173.95% 13.59% 1.42% -83.36% -109.30%
Return on Assets (ROA)		 0.00% 0.00% -0.61% -2.92% -167.43% 0.00% -178.61% 7.29% 0.45% -86.55% -139.31%
Return on Common Equity (ROCE)		 -0.13% -0.07% 0.03% 0.12% 6.63% 0.11% -64.15% 14.48% 0.53% 1,870.53% -98.65%
Return on Equity Simple (ROE_SIMPLE)		 -46.83% 0.00% -37.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.44 -0.51 -0.60 -0.83 -2.92 -0.54 -6.65 -6.33 -5.95 -4.18 -5.48
NOPAT Margin		 0.00% 0.00% -12.13% -16.20% -55.67% 0.00% -93.83% -77.36% -80.41% -45.73% -98.01%
Net Nonoperating Expense Percent (NNEP)		 6,570.42% -196.02% 22.28% 119.67% 2,417.28% 2.02% 2,806.60% -238.46% -66.52% 112.09% 3,934.06%
Return On Investment Capital (ROIC_SIMPLE)		 - 22.33% 17.59% 13.47% 41.91% 20.78% -7.90% -5.73% -5.11% -3.17% -11.30%
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		 0.00% 0.00% 7.09% 11.39% 67.02% 0.00% 41.27% 31.00% 33.87% 25.37% 60.39%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 117.33% 123.14% 179.54% 0.00% 234.04% 177.37% 180.29% 165.32% 240.02%
Earnings before Interest and Taxes (EBIT)		 -1.39 -1.48 -0.94 -2.32 -62 -0.88 -48 25 1.73 -33 -23
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.39 -1.48 -0.88 -2.26 -62 -0.88 -47 26 1.79 -33 -23
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 2.19 2.27 1.91 1.75 1.80
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 2.23 2.30 1.94 1.79 1.89
Price to Revenue (P/Rev)		 0.00 0.00 44.61 21.85 14.37 0.00 6.09 38.73 24.64 3.47 2.16
Price to Earnings (P/E)		 0.00 49.51 98.62 0.00 0.00 0.00 0.00 0.00 6.29 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% 2.02% 1.01% 0.00% 0.00% 0.00% 0.00% 0.00% 15.91% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 2.37 5.76 5.86 5.54 5.78 2.18 2.09 1.79 1.38 1.79
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 55.45 26.98 17.79 0.00 6.11 41.66 26.67 5.39 2.18
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4.61 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 4.79 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 4.96 1.38 1.36 2.77 2.43 0.00 0.00 0.00 0.00 3.84
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.01 0.01 0.06 0.01 0.01 0.13 0.17 0.25 0.23 1.09 0.33
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.17 0.25 0.23 1.09 0.00
Financial Leverage		 0.00 0.00 0.01 0.01 0.02 0.03 0.03 0.12 0.14 -11.30 0.01
Leverage Ratio		 1.06 1.04 1.06 1.06 1.10 1.07 1.71 1.75 1.75 -57.93 2.10
Compound Leverage Factor		 -1.43 -0.49 1.06 1.06 1.10 0.34 1.76 0.94 0.56 -60.15 2.67
Debt to Total Capital		 0.99% 1.24% 5.39% 0.69% 0.97% 11.80% 14.59% 19.77% 18.61% 52.16% 25.05%
Short-Term Debt to Total Capital		 0.99% 1.24% 5.39% 0.69% 0.97% 11.80% 0.00% 0.00% 0.00% 0.00% 25.05%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 14.59% 19.77% 18.61% 52.16% 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		 106.50% 101.40% 107.14% 113.63% 115.46% 105.30% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 -7.49% -2.64% -12.53% -14.32% -16.44% -17.10% 85.41% 80.23% 81.39% 47.84% 74.95%
Debt to EBITDA		 -0.56 -0.46 -0.57 -0.05 -0.01 -1.73 -0.11 -1.01 0.51 -1.30 -0.42
Net Debt to EBITDA		 -0.55 -0.45 -0.54 -0.03 -0.01 -1.45 -0.01 -0.71 0.35 -1.15 -0.02
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 -0.11 -1.01 0.51 -1.30 0.00
Debt to NOPAT		 -0.80 -0.83 -1.24 -0.11 -0.08 -2.81 -1.21 -1.87 -1.20 -3.54 -0.67
Net Debt to NOPAT		 -0.79 -0.81 -1.18 -0.07 -0.08 -2.37 -0.06 -1.30 -0.83 -3.14 -0.03
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 -1.21 -1.87 -1.20 -3.54 0.00
Altman Z-Score		 0.00 28.87 19.95 19.05 13.29 13.57 -0.96 0.77 0.24 -1.36 -3.55
Noncontrolling Interest Sharing Ratio		 104.94% 103.15% 105.23% 105.60% 109.61% 106.18% 43.64% 38.56% 37.33% -0.02% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.04 0.09 0.07 0.04 0.03 0.10 2.20 1.60 1.47 0.86 0.48
Quick Ratio		 0.01 0.01 0.03 0.02 0.00 0.10 1.14 0.57 0.54 0.40 0.29
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 90 80 199 202 101 115 -32 -64 -66 -203 30
Operating Cash Flow to CapEx		 0.00% 0.00% -206.99% -644.43% -1,060.37% 0.00% -1,860.94% -2,370.64% -1,340.63% -1,412.75% -1,411.55%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -24.86 -5.50 -56.35 -157.97 4.78
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -3.90 -0.34 -2.10 -3.66 -1.05
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -4.11 -0.36 -2.26 -3.92 -1.12
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.03 0.06 0.14 0.00 0.26 0.04 0.06 0.23 0.27
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 53.91 40.89
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 6.77 8.93
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 6.77 8.93
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 153 163 47 46 49 48 72 104 110 124 37
Invested Capital Turnover		 0.00 0.00 0.03 0.07 0.15 0.00 0.43 0.07 0.09 1.28 0.55
Increase / (Decrease) in Invested Capital		 -91 -81 -200 -203 -104 -116 25 57 61 198 -35
Enterprise Value (EV)		 0.00 388 273 272 272 276 158 216 196 171 66
Market Capitalization		 0.00 220 220 220 220 220 158 201 181 110 66
Book Value per Share		 ($0.33) ($0.17) ($1.02) ($1.11) ($1.27) ($0.56) $2.83 $1.91 $2.02 $1.30 $0.73
Tangible Book Value per Share		 ($0.33) ($0.17) ($1.02) ($1.11) ($1.27) ($0.56) $2.78 $1.88 $2.00 $1.28 $0.70
Total Capital		 154 163 48 45 45 49 84 110 116 132 49
Total Debt		 1.52 2.03 2.57 0.31 0.44 5.74 12 22 22 69 12
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 12 22 22 69 0.00
Net Debt		 1.50 2.00 2.43 0.20 0.42 4.84 0.58 15 15 61 0.62
Capital Expenditures (CapEx)		 0.00 0.00 0.17 0.13 0.21 0.00 0.27 0.17 0.18 0.33 0.47
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.33 -1.09 -2.53 -5.16 -5.83 -3.53 1.61 1.15 -0.54 -11 -21
Debt-free Net Working Capital (DFNWC)		 -1.31 -1.06 -2.39 -5.05 -5.81 -2.62 13 7.76 6.12 -2.99 -9.85
Net Working Capital (NWC)		 -2.83 -3.09 -4.96 -5.37 -6.25 -8.37 13 7.76 6.12 -2.99 -22
Net Nonoperating Expense (NNE)		 -1.64 -0.75 0.35 1.49 59 0.07 42 -20 -6.50 31 24
Net Nonoperating Obligations (NNO)		 0.34 2.00 2.43 1.36 4.57 4.84 0.58 15 15 61 0.62
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.06 0.06 0.09 0.00 0.62 0.65 0.06 -0.05 0.05
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% -51.29% -51.28% -38.07% 0.00% 6.20% 22.15% -7.33% -33.49% -70.55%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% -48.51% -50.20% -37.93% 0.00% 51.35% 149.41% 83.31% -9.42% -32.51%
Net Working Capital to Revenue		 0.00% 0.00% -100.56% -53.28% -40.80% 0.00% 51.35% 149.41% 83.31% -9.42% -72.61%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.08 $0.28 ($0.05) ($0.02) ($0.03) ($0.02) ($1.92) $0.29 $0.01 ($0.03) ($0.59)
Adjusted Weighted Average Basic Shares Outstanding		 34.05M 32.06M 16.86M 14.35M 14.35M 14.97M 25.44M 46.50M 46.91M 42.22M 49.66M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 ($0.03) $0.00 ($1.92) $0.28 $0.01 ($0.02) ($0.59)
Adjusted Weighted Average Diluted Shares Outstanding		 25.22M 32.06M 14.35M 14.35M 14.35M 14.97M 25.44M 47.56M 46.92M 42.22M 49.66M
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		 25.22M 14.35M 14.35M 14.35M 14.35M 46.89M 46.38M 46.79M 48.31M 49.83M 50.78M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.44 -1.04 -0.60 -0.83 -2.92 -0.54 -6.65 -6.33 -4.16 -4.18 -5.48
Normalized NOPAT Margin		 0.00% 0.00% -12.13% -16.20% -55.67% 0.00% -93.83% -77.36% -56.20% -45.73% -98.01%
Pre Tax Income Margin		 0.00% 0.00% -19.00% -45.14% -1,188.58% 0.00% -689.56% 164.22% 7.48% -379.96% -521.51%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -37.43 2.16 1.47 -26.05 -3.64
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -5.23 -0.55 -5.05 -3.26 -0.87
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -37.64 2.14 1.31 -26.31 -3.72
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 -5.44 -0.56 -5.20 -3.52 -0.95
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		 1,791.34% 2,178.21% 4,339.01% -5,329.08% 0.00% -6,246.86% -0.58% -344.64% 407.45% -0.94% 0.00%

Financials Breakdown Chart

Key Financial Trends

Fold Holdings (NASDAQ: FLD) has shown a very uneven financial profile over the last four years, with a dramatic swing from small profits in 2023 to large losses in 2025 and early 2026. Revenue has generally held in the mid-single-digit millions per quarter, but earnings and cash flow have been far more volatile, driven by large “other income/expense” items, acquisitions, debt activity, and share count changes.

  • Revenue has remained active and relatively consistent, ranging from about $4.9 million to $9.1 million per quarter in the periods shown.
  • Q3 2025 and Q2 2025 both produced positive net income, showing the business can be profitable in certain quarters.
  • Cash and equivalents improved to $11.5 million at the end of Q1 2026, up from $6.7 million in Q3 2025 and far above the near-zero levels seen in early 2024.
  • Q1 2026 showed positive net change in cash of $3.9 million, suggesting short-term liquidity improved despite operating losses.
  • The company recorded no long-term debt on the Q1 2026 balance sheet, which reduces near-term structural leverage risk compared with earlier periods.
  • Equity issuance and financing activity have repeatedly helped support liquidity, giving Fold access to capital when needed.
  • Gross profit has tracked revenue closely because reported cost of revenue was $0 in the periods provided.
  • The share count has changed significantly over time, with weighted average basic shares rising from roughly 5.8 million in Q3 2024 to 49.7 million in Q1 2026, which makes per-share comparisons less straightforward.
  • A large portion of the balance sheet sits in “other noncurrent operating assets”, which is difficult for investors to evaluate from the data alone and may reflect acquisition-related assets or non-cash items.
  • The company’s reported results appear highly influenced by non-operating items, so quarterly earnings may not reflect core business performance cleanly.
  • Q1 2026 was a weak quarter operationally, with negative operating income of $7.8 million and net loss of $29.2 million.
  • Operating cash flow in Q1 2026 was also negative at -$6.6 million, showing the core business is still burning cash.
  • Interest expense became much more burdensome in 2025 and 2026, reaching $6.3 million in Q1 2026.
  • The income statement has been extremely volatile because of very large other income/(expense) swings, including a -$15.1 million hit in Q1 2026 and a -$27.4 million hit in Q4 2025.
  • Despite the stronger cash balance in Q1 2026, total liabilities were still $42.0 million, including $12.2 million of short-term debt and $25.3 million of other current liabilities.
  • Retained earnings remain deeply negative at -$200.1 million, highlighting a long history of accumulated losses.

Bottom line: Fold has improved its liquidity position, but the underlying business still looks highly volatile and cash flow negative. For retail investors, the key question is whether the company can convert its revenue base into more stable operating profits before financing needs return.

07/21/26 06:35 PM 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 an upward trend, with a most recent value of -$69.59 million in 2025, falling from $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%.

FTAC Emerald Acquisition's total liabilities were at $90.48 million at the end of 2025, a 53.2% decrease from 2024, and a 911.1% increase since 2021.

In the past 4 years, FTAC Emerald Acquisition's cash and equivalents has ranged from $29.84 thousand in 2023 to $18.33 million in 2024, and is currently $7.65 million as of their latest financial filing in 2025.

Over the last 3 years, FTAC Emerald Acquisition's book value per share changed from -0.25 in 2022 to 1.30 in 2025, a change of -628.5%.


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