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FutureTech II Acquisition (FTII) Financials

FutureTech II Acquisition logo
$12.02 0.00 (0.00%)
As of 07/17/2026
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Annual Income Statements for FutureTech II Acquisition

Annual Income Statements for FutureTech II Acquisition

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

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 0.70 2.91 -0.75
Consolidated Net Income / (Loss)		 0.70 2.91 -0.75
Net Income / (Loss) Continuing Operations		 0.70 2.91 -0.75
Total Pre-Tax Income 		1.01 3.89 -0.47
Total Operating Income		 -0.67 -1.06 -1.81
Total Gross Profit		 0.00 0.00 0.00
Total Revenue		 0.00 0.00 0.00
Operating Revenue		 0.00 0.00 0.00
Total Cost of Revenue		 0.00 0.00 0.00
Total Operating Expenses		 0.67 1.06 1.81
Selling, General & Admin Expense		 0.37 0.74 1.49
Other Operating Expenses / (Income)		 0.30 0.32 0.32
Total Other Income / (Expense), net		 1.68 4.95 1.34
Interest Expense		 0.00 -0.14 0.00
Interest & Investment Income		 1.68 4.81 1.34
Other Income / (Expense), net		 0.00 0.00 0.00
Income Tax Expense		 0.31 0.98 0.27
Basic Earnings per Share		 $0.00 $0.05 ($0.17)
Weighted Average Basic Shares Outstanding		 0.00 12.80M 6.05M
Diluted Earnings per Share		 $0.00 $0.05 ($0.17)
Weighted Average Diluted Shares Outstanding		 0.00 12.80M 6.05M

Quarterly Income Statements for FutureTech II Acquisition

This table shows FutureTech II 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
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
Net Income / (Loss) Attributable to Common Shareholders		 0.66 0.61 0.13 -0.04 -0.12 -0.71 -0.29 -0.08
Consolidated Net Income / (Loss)		 0.66 0.61 0.13 -0.04 -0.12 -0.71 -0.29 -0.08
Net Income / (Loss) Continuing Operations		 0.66 0.61 0.13 -0.04 -0.12 -0.71 -0.29 -0.08
Total Pre-Tax Income 		0.90 0.79 0.23 -0.00 -0.08 -0.62 -0.25 -0.07
Total Operating Income		 -0.33 -0.17 -0.31 -0.28 -0.37 -0.85 -0.45 -0.14
Total Gross Profit		 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Operating Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Cost of Revenue		 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Operating Expenses		 0.33 0.17 0.31 0.28 0.37 0.85 0.45 0.14
Selling, General & Admin Expense		 0.25 0.09 0.23 0.20 0.29 0.77 0.37 0.06
Other Operating Expenses / (Income)		 0.08 0.08 0.08 0.08 0.08 0.08 0.08 0.08
Total Other Income / (Expense), net		 1.23 0.96 0.54 0.28 0.29 0.24 0.20 0.07
Interest & Investment Income		 1.23 0.82 0.54 0.28 0.29 0.24 0.20 0.07
Other Income / (Expense), net		 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Income Tax Expense		 0.24 0.19 0.10 0.04 0.04 0.09 0.04 0.01
Basic Earnings per Share		 $0.05 ($0.05) $0.00 ($0.27) ($0.30) ($0.02) ($0.85) ($0.23)
Weighted Average Basic Shares Outstanding		 12.17M 12.80M 7.43M 5.83M 5.83M 6.05M 4.29M 4.29M
Diluted Earnings per Share		 $0.05 ($0.05) $0.00 ($0.27) ($0.30) ($0.02) ($0.85) ($0.23)
Weighted Average Diluted Shares Outstanding		 12.17M 12.80M 7.43M 5.83M 5.83M 6.05M 4.29M 4.29M
Weighted Average Basic & Diluted Shares Outstanding		 8.43M 0.00 5.83M 5.83M 5.83M 0.00 4.29M 4.29M

Annual Cash Flow Statements for FutureTech II Acquisition

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

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 0.26 -0.25 0.04
Net Cash From Operating Activities		 -0.60 -1.77 -1.93
Net Cash From Continuing Operating Activities		 -0.60 -1.77 -1.93
Net Income / (Loss) Continuing Operations		 0.70 2.91 -0.75
Consolidated Net Income / (Loss)		 0.70 2.91 -0.75
Non-Cash Adjustments To Reconcile Net Income		 -1.68 -5.69 -1.34
Changes in Operating Assets and Liabilities, net		 0.38 1.01 0.16
Net Cash From Investing Activities		 -117 62 37
Net Cash From Continuing Investing Activities		 -117 62 37
Purchase of Investments		 -117 -2.80 -0.78
Other Investing Activities, net		 0.00 65 38
Net Cash From Financing Activities		 118 -60 -35
Net Cash From Continuing Financing Activities		 118 -60 -35
Repayment of Debt		 0.00 0.00 -0.08
Repurchase of Common Equity		 -0.32 -64 -36
Issuance of Debt		 0.00 2.93 1.03
Other Financing Activities, net		 113 1.01 0.44

Quarterly Cash Flow Statements for FutureTech II Acquisition

This table details how cash moves in and out of FutureTech II 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
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
Net Change in Cash & Equivalents		 -0.04 0.01 -0.02 0.00 0.00 0.05 0.07 0.03
Net Cash From Operating Activities		 -0.21 -0.80 -0.28 -0.31 -0.24 -1.09 -0.45 -0.73
Net Cash From Continuing Operating Activities		 -0.21 -0.80 -0.28 -0.31 -0.24 -1.09 -0.45 -0.73
Net Income / (Loss) Continuing Operations		 0.66 0.61 0.13 -0.04 -0.12 -0.71 -0.29 -0.08
Consolidated Net Income / (Loss)		 0.66 0.61 0.13 -0.04 -0.12 -0.71 -0.29 -0.08
Non-Cash Adjustments To Reconcile Net Income		 -1.23 -1.70 -0.54 -0.28 -0.29 -0.24 -0.20 -0.07
Changes in Operating Assets and Liabilities, net		 0.36 0.29 0.12 0.02 0.17 -0.15 0.04 -0.58
Net Cash From Investing Activities		 64 -0.38 36 -0.15 0.02 0.72 18 -0.04
Net Cash From Continuing Investing Activities		 64 -0.38 36 -0.15 0.02 0.72 18 -0.04
Purchase of Investments		 -0.25 -0.25 -0.35 -0.15 -0.15 -0.13 -0.11 -0.12
Other Investing Activities, net		 64 -0.13 37 - 0.17 0.85 18 0.08
Net Cash From Financing Activities		 -64 1.19 -36 0.46 0.23 0.42 -17 0.81
Net Cash From Continuing Financing Activities		 -64 1.19 -36 0.46 0.23 0.42 -17 0.81
Issuance of Debt		 0.55 -0.39 0.23 0.15 0.15 0.50 0.30 0.11
Other Financing Activities, net		 - 1.01 0.05 0.31 0.08 -0.00 0.00 0.70

Annual Balance Sheets for FutureTech II Acquisition

This table presents FutureTech II 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
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 0.14 119 63 28
Total Current Assets		 0.01 0.42 1.39 1.67
Cash & Equivalents		 0.01 0.26 0.02 0.06
Accounts Receivable		 - - 1.18 1.62
Prepaid Expenses		 0.00 0.16 0.06 0.00
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 0.14 119 62 26
Long-Term Investments		 0.00 119 62 26
Other Noncurrent Operating Assets		 0.14 0.08 0.00 0.00
Total Liabilities & Shareholders' Equity		 0.14 119 63 28
Total Liabilities		 0.12 4.24 8.50 28
Total Current Liabilities		 0.12 0.79 5.05 24
Short-Term Debt		 0.10 0.14 2.93 3.54
Accounts Payable		 0.00 0.13 0.30 1.15
Accrued Expenses		 0.02 0.00 0.00 0.00
Current Deferred & Payable Income Tax Liabilities		 0.00 0.31 1.09 0.30
Other Taxes Payable		 - 0.00 0.64 1.17
Other Current Liabilities		 0.00 0.20 0.09 18
Total Noncurrent Liabilities		 0.00 3.45 3.45 3.45
Other Noncurrent Operating Liabilities		 0.00 3.45 3.45 3.45
Commitments & Contingencies		 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 0.00 118 61 9.08
Total Equity & Noncontrolling Interests		 0.02 -3.23 -6.50 -8.85
Total Preferred & Common Equity		 0.02 -3.23 -6.50 -8.85
Preferred Stock		 0.00 0.00 0.00 0.00
Total Common Equity		 0.02 -3.23 -6.50 -8.85
Common Stock		 0.03 0.00 0.00 0.00
Retained Earnings		 -0.00 -3.23 -6.50 -8.86

Quarterly Balance Sheets for FutureTech II Acquisition

This table presents FutureTech II 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
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025
Total Assets		 62 28 28 28 11 11
Total Current Assets		 1.16 1.56 1.60 1.56 2.05 1.45
Cash & Equivalents		 0.01 0.00 0.00 0.00 0.13 0.16
Accounts Receivable		 0.46 1.54 1.54 1.54 1.22 1.22
Prepaid Expenses		 0.13 0.02 0.06 0.02 - 0.07
Plant, Property, & Equipment, net		 0.00 0.00 0.00 0.00 0.00 0.00
Total Noncurrent Assets		 61 26 27 27 9.02 9.13
Long-Term Investments		 61 26 27 27 9.02 9.13
Other Noncurrent Operating Assets		 0.00 - - - 0.00 0.00
Total Liabilities & Shareholders' Equity		 62 28 28 28 11 11
Total Liabilities		 8.04 9.17 9.38 9.65 11 10
Total Current Liabilities		 4.59 5.72 5.93 6.20 7.34 6.93
Short-Term Debt		 3.34 - - - 3.54 3.54
Accounts Payable		 0.31 0.45 0.41 0.61 1.14 0.94
Accrued Expenses		 0.00 0.00 0.00 0.00 0.00 0.00
Current Deferred & Payable Income Tax Liabilities		 0.90 0.97 1.01 1.05 0.33 0.05
Other Taxes Payable		 - 1.01 1.01 1.01 1.17 1.17
Other Current Liabilities		 0.04 3.29 3.49 3.53 1.15 1.23
Total Noncurrent Liabilities		 3.45 3.45 3.45 3.45 3.45 3.45
Other Noncurrent Operating Liabilities		 3.45 3.45 3.45 3.45 3.45 3.45
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 60 26 26 27 9.65 9.78
Total Equity & Noncontrolling Interests		 -6.26 -7.30 -7.37 -7.76 -9.37 -9.58
Total Preferred & Common Equity		 -6.26 -7.30 -7.37 -7.76 -9.37 -9.58
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -6.26 -7.30 -7.37 -7.76 -9.37 -9.58
Common Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Retained Earnings		 -6.26 -7.30 -7.38 -7.76 -9.37 -9.58

Annual Metrics And Ratios for FutureTech II Acquisition

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

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
DEI Shares Outstanding		 15,010,075.00 8,431,350.00 5,829,510.00
DEI Adjusted Shares Outstanding		 15,010,075.00 8,431,350.00 5,829,510.00
DEI Earnings Per Adjusted Shares Outstanding		 0.05 0.35 -0.13
Growth Metrics		 - - -
Revenue Growth		 0.00% 0.00% 0.00%
EBITDA Growth		 0.00% -59.49% -70.78%
EBIT Growth		 0.00% -59.49% -70.78%
NOPAT Growth		 0.00% -72.24% -59.76%
Net Income Growth		 0.00% 315.92% -125.66%
EPS Growth		 0.00% 0.00% -440.00%
Operating Cash Flow Growth		 0.00% -193.69% -9.03%
Free Cash Flow Firm Growth		 0.00% 0.00% 3,944.38%
Invested Capital Growth		 0.00% -8.97% -440.92%
Revenue Q/Q Growth		 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 1.28% -59.92%
EBIT Q/Q Growth		 0.00% 1.28% -59.92%
NOPAT Q/Q Growth		 0.00% -2.88% -84.35%
Net Income Q/Q Growth		 0.00% 3.59% -231.37%
EPS Q/Q Growth		 0.00% 0.00% 32.00%
Operating Cash Flow Q/Q Growth		 0.00% -71.13% -17.80%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 348.93%
Invested Capital Q/Q Growth		 0.00% -18.25% -181.08%
Profitability Metrics		 - - -
Gross Margin		 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00%
Tax Burden Percent		 69.29% 74.83% 158.13%
Interest Burden Percent		 -151.62% -366.13% 26.03%
Effective Tax Rate		 30.71% 25.17% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00%
Return on Equity (ROE)		 1.21% 3.43% -2.72%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -0.03% -0.20% 0.76%
Return on Equity Simple (ROE_SIMPLE)		 -21.68% -44.80% 8.44%
Net Operating Profit after Tax (NOPAT)		 -0.46 -0.80 -1.27
NOPAT Margin		 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 0.98% 4.16% 1.28%
Return On Investment Capital (ROIC_SIMPLE)		 14.97% 22.25% 23.89%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -0.67 -1.06 -1.81
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.67 -1.06 -1.81
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00
Price to Earnings (P/E)		 219.79 31.45 0.00
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 0.46% 3.18% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 3.33
Leverage & Solvency		 - - -
Debt to Equity		 0.00 0.05 15.65
Long-Term Debt to Equity		 0.00 0.00 0.00
Financial Leverage		 -1.03 -1.05 -1.49
Leverage Ratio		 1.04 1.07 1.66
Compound Leverage Factor		 -1.57 -3.94 0.43
Debt to Total Capital		 0.13% 5.07% 93.99%
Short-Term Debt to Total Capital		 0.13% 5.07% 93.99%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 102.67% 106.20% 241.26%
Common Equity to Total Capital		 -2.80% -11.27% -235.26%
Debt to EBITDA		 -0.22 -2.75 -1.95
Net Debt to EBITDA		 178.74 55.45 12.65
Long-Term Debt to EBITDA		 0.00 0.00 0.00
Debt to NOPAT		 -0.31 -3.68 -2.78
Net Debt to NOPAT		 257.96 74.11 18.08
Long-Term Debt to NOPAT		 0.00 0.00 0.00
Altman Z-Score		 21.72 6.20 -0.09
Noncontrolling Interest Sharing Ratio		 102.78% 105.72% 127.94%
Liquidity Ratios		 - - -
Current Ratio		 0.53 0.27 0.07
Quick Ratio		 0.33 0.24 0.07
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 -0.45 17
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00
Efficiency Ratios		 - - -
Asset Turnover		 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00
Inventory Turnover		 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.00
Accounts Payable Turnover		 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 0.00 0.00
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00
Capital & Investment Metrics		 - - -
Invested Capital		 -3.86 -4.20 -23
Invested Capital Turnover		 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 0.00 -0.35 -19
Enterprise Value (EV)		 153 94 57
Market Capitalization		 154 92 71
Book Value per Share		 ($0.22) ($0.77) ($1.52)
Tangible Book Value per Share		 ($0.22) ($0.77) ($1.52)
Total Capital		 115 58 3.76
Total Debt		 0.14 2.93 3.54
Total Long-Term Debt		 0.00 0.00 0.00
Net Debt		 -119 -59 -23
Capital Expenditures (CapEx)		 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.49 -0.75 -19
Debt-free Net Working Capital (DFNWC)		 -0.22 -0.74 -19
Net Working Capital (NWC)		 -0.37 -3.66 -23
Net Nonoperating Expense (NNE)		 -1.16 -3.71 -0.52
Net Nonoperating Obligations (NNO)		 -119 -59 -23
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.10 $0.00 ($0.17)
Adjusted Weighted Average Basic Shares Outstanding		 12.94M 0.00 6.05M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.17)
Adjusted Weighted Average Diluted Shares Outstanding		 14.49M 0.00 6.05M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.49M 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 -0.46 -0.80 -1.27
Normalized NOPAT Margin		 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00%
Augmented Payout Ratio		 45.23% 2,206.38% -4,857.33%

Quarterly Metrics And Ratios for FutureTech II Acquisition

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

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025
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
DEI Shares Outstanding		 15,010,075.00 8,431,350.00 8,431,350.00 11,659,020.00 11,659,020.00 5,829,510.00 5,829,510.00 4,289,961.00
DEI Adjusted Shares Outstanding		 15,010,075.00 8,431,350.00 8,431,350.00 11,659,020.00 11,659,020.00 5,829,510.00 5,829,510.00 4,289,961.00
DEI Earnings Per Adjusted Shares Outstanding		 0.04 0.07 0.02 0.00 -0.01 -0.12 -0.05 -0.02
Growth Metrics		 - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Growth		 -98.69% 7.44% -40.61% 16.32% -11.50% -395.65% -45.96% 51.30%
EBIT Growth		 -98.69% 7.44% -40.61% 16.32% -11.50% -395.65% -45.96% 51.30%
NOPAT Growth		 -45.45% -14.35% -6.87% 21.00% -6.62% -353.15% -77.73% 51.30%
Net Income Growth		 68.68% 19.97% -83.95% -105.32% -118.62% -216.87% -323.55% -81.40%
EPS Growth		 0.00% 0.00% 0.00% -640.00% -700.00% 60.00% 0.00% 14.81%
Operating Cash Flow Growth		 -7,009.33% -1,116.60% -150.74% 51.71% -14.12% -36.38% -60.65% -137.30%
Free Cash Flow Firm Growth		 0.00% 0.00% 207.09% 1,356.46% 3,863.65% 8,263.83% -180.92% -160.93%
Invested Capital Growth		 -3.72% -8.97% -79.92% -105.74% -127.57% -440.92% 29.87% 28.50%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 3.29% 47.80% -80.90% 8.37% -28.86% -132.06% 46.73% 69.43%
EBIT Q/Q Growth		 3.29% 47.80% -80.90% 8.37% -28.86% -132.06% 46.73% 69.43%
NOPAT Q/Q Growth		 4.52% 45.40% -35.82% -11.57% -28.86% -132.06% 46.73% 69.43%
Net Income Q/Q Growth		 -20.94% -8.26% -78.64% -134.31% -176.96% -475.78% 59.14% 72.16%
EPS Q/Q Growth		 0.00% -200.00% 100.00% 0.00% -300.00% 93.33% -4,150.00% 72.94%
Operating Cash Flow Q/Q Growth		 66.70% -275.01% 64.73% -9.66% 21.32% -348.16% 58.46% -61.99%
Free Cash Flow Firm Q/Q Growth		 -143.62% 288.70% 1,391.56% 18.63% 12.72% 319.34% -114.43% 10.68%
Invested Capital Q/Q Growth		 5.90% -18.25% -80.89% -2.21% -4.08% -181.08% 76.55% -4.20%
Profitability Metrics		 - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Tax Burden Percent		 73.21% 76.56% 57.49% 2,456.19% 154.81% 115.01% 114.04% 121.72%
Interest Burden Percent		 -274.33% -460.95% -72.49% 0.64% 21.66% 72.36% 55.97% 47.76%
Effective Tax Rate		 26.80% 23.44% 42.51% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Equity (ROE)		 3.34% 3.43% 3.32% 1.99% 1.57% -2.72% -12.34% -12.60%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Common Equity (ROCE)		 -0.19% -0.20% -0.29% -0.18% -0.30% 0.76% 10.88% 11.19%
Return on Equity Simple (ROE_SIMPLE)		 -44.89% 0.00% -30.60% 0.00% -7.33% 0.00% 12.44% 0.00%
Net Operating Profit after Tax (NOPAT)		 -0.24 -0.13 -0.18 -0.20 -0.26 -0.60 -0.32 -0.10
NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Nonoperating Expense Percent (NNEP)		 1.03% 0.83% 0.42% 0.21% 0.32% -0.28% 0.18% 0.10%
Return On Investment Capital (ROIC_SIMPLE)		 8.24% 3.68% 2.45% 2.70% 3.31% 11.22% 5.45% 1.61%
Cost of Revenue to Revenue		 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% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings before Interest and Taxes (EBIT)		 -0.33 -0.17 -0.31 -0.28 -0.37 -0.85 -0.45 -0.14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -0.33 -0.17 -0.31 -0.28 -0.37 -0.85 -0.45 -0.14
Valuation Ratios		 - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Earnings (P/E)		 58.34 31.45 41.97 47.57 114.72 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 1.71% 3.18% 2.38% 2.10% 0.87% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 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
Enterprise Value to NOPAT (EV/NOPAT)		 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
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 36.88 19.85 16.88 3.33 0.00 0.00
Leverage & Solvency		 - - - - - - - -
Debt to Equity		 0.06 0.05 0.00 0.00 0.00 15.65 12.63 17.74
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -1.04 -1.05 -1.09 -1.09 -1.16 -1.49 -1.68 -1.70
Leverage Ratio		 1.07 1.07 1.11 1.12 1.24 1.66 2.06 2.04
Compound Leverage Factor		 -2.94 -4.95 -0.81 0.01 0.27 1.20 1.15 0.97
Debt to Total Capital		 5.84% 5.07% 0.00% 0.00% 0.00% 93.99% 92.67% 94.66%
Short-Term Debt to Total Capital		 5.84% 5.07% 0.00% 0.00% 0.00% 93.99% 92.67% 94.66%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 105.12% 106.20% 139.19% 139.04% 141.19% 241.26% 252.81% 261.78%
Common Equity to Total Capital		 -10.97% -11.27% -39.19% -39.04% -41.19% -235.26% -245.48% -256.45%
Debt to EBITDA		 -3.10 -2.75 0.00 0.00 0.00 -1.95 -1.81 -1.95
Net Debt to EBITDA		 53.24 55.45 0.00 0.00 0.00 12.65 2.87 3.18
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 -4.32 -3.68 0.00 0.00 0.00 -2.78 -2.58 -2.79
Net Debt to NOPAT		 74.15 74.11 0.00 0.00 0.00 18.08 4.10 4.54
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 12.01 6.24 5.55 3.54 3.44 0.02 1.83 0.97
Noncontrolling Interest Sharing Ratio		 105.55% 105.72% 108.80% 109.00% 119.32% 127.94% 188.19% 188.85%
Liquidity Ratios		 - - - - - - - -
Current Ratio		 0.25 0.27 0.27 0.27 0.25 0.07 0.28 0.21
Quick Ratio		 0.10 0.24 0.27 0.26 0.25 0.07 0.18 0.20
Cash Flow Metrics		 - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -0.11 0.21 3.20 3.80 4.28 18 -2.59 -2.31
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 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
Accounts Payable Turnover		 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
Days Inventory Outstanding (DIO)		 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
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital & Investment Metrics		 - - - - - - - -
Invested Capital		 -3.56 -4.20 -7.60 -7.77 -8.09 -23 -5.33 -5.56
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Increase / (Decrease) in Invested Capital		 -0.13 -0.35 -3.38 -3.99 -4.54 -19 2.27 2.22
Enterprise Value (EV)		 167 94 93 64 65 57 71 54
Market Capitalization		 164 92 94 64 65 71 67 50
Book Value per Share		 ($0.42) ($0.77) ($0.87) ($1.27) ($1.33) ($1.52) ($1.61) ($2.23)
Tangible Book Value per Share		 ($0.42) ($0.77) ($0.87) ($1.27) ($1.33) ($1.52) ($1.61) ($2.23)
Total Capital		 57 58 19 19 19 3.76 3.82 3.74
Total Debt		 3.34 2.93 0.00 0.00 0.00 3.54 3.54 3.54
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -57 -59 -26 -27 -27 -23 -5.61 -5.76
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.11 -0.75 -4.15 -4.32 -4.64 -19 -1.88 -2.11
Debt-free Net Working Capital (DFNWC)		 -0.10 -0.74 -4.15 -4.32 -4.64 -19 -1.75 -1.95
Net Working Capital (NWC)		 -3.44 -3.66 -4.15 -4.32 -4.64 -23 -5.29 -5.48
Net Nonoperating Expense (NNE)		 -0.90 -0.74 -0.31 -0.15 -0.13 0.11 -0.03 -0.02
Net Nonoperating Obligations (NNO)		 -57 -59 -26 -27 -27 -23 -5.61 -5.76
Total Depreciation and Amortization (D&A)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Adjustments		 - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.05) $0.00 $0.00 ($0.30) ($0.02) ($0.85) ($0.23)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 12.80M 0.00 0.00 5.83M 6.05M 4.29M 4.29M
Adjusted Diluted Earnings per Share		 $0.00 ($0.05) $0.00 $0.00 ($0.30) ($0.02) ($0.85) ($0.23)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 12.80M 0.00 0.00 5.83M 6.05M 4.29M 4.29M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 0.00 5.83M 0.00 4.29M 4.29M
Normalized Net Operating Profit after Tax (NOPAT)		 -0.24 -0.13 -0.18 -0.20 -0.26 -0.60 -0.32 -0.10
Normalized NOPAT Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Pre Tax Income Margin		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Debt Service Ratios		 - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 2,285.65% 2,206.38% 0.00% 7,429.76% -4,916.82% -4,857.33% -1,492.08% -1,447.17%

Financials Breakdown Chart

Key Financial Trends

FutureTech II Acquisition (NASDAQ: FTII) remains a balance-sheet-heavy SPAC-style company with no operating revenue, and its latest quarter shows continued losses offset by significant investment income and financing activity.

Top takeaways from the last several quarters:

  • Cash and equivalents increased sequentially in Q2 2025 to $160.7K from $130.6K in Q1 2025, showing a modest improvement in near-term liquidity.
  • The company continues to hold a sizable investment portfolio, with $9.13M in long-term investments at Q2 2025 versus $9.02M in Q1 2025.
  • Q2 2025 generated $72.5K in interest and investment income, which helped partially offset operating losses.
  • Net cash from financing activities was strongly positive in Q2 2025 at $805.0K, reflecting ongoing access to funding.
  • Compared with the earlier 2024 quarter-end periods, total assets have been preserved at a much higher level than cash alone would suggest because of the investment holdings.
  • FTII reported no operating revenue in every period provided, so results are still driven by non-operating items rather than a commercial business model.
  • The company’s income statement remains dominated by SG&A and other operating expenses, which are the main source of recurring losses.
  • Weighted average shares outstanding were stable at 4.29 million in Q1 and Q2 2025, after much larger share counts in 2024, indicating a changed capital structure.
  • Q2 2025 showed a net loss of $80.6K, following a larger Q1 2025 loss of $289.7K; losses continue despite some improvement quarter over quarter.
  • Operating cash flow was negative again in Q2 2025 at -$734.0K, showing the business still consumes cash from operations.
  • Total current liabilities were $6.93M in Q2 2025, far above current assets of $1.45M, pointing to weak short-term liquidity on a current-asset basis.
  • Common equity remained deeply negative at -$9.58M in Q2 2025, which is a sign of accumulated deficits.
  • The company’s redeemable noncontrolling interest remains very large at $9.78M, adding to the complexity and risk of the capital structure.

Trend summary: FTII’s quarterly losses have improved from the heavier losses seen in late 2024, but the company is still not generating revenue and still relies on investment income and financing to support operations. The balance sheet remains constrained by large liabilities and a negative equity position, so investors should view the name primarily as a special situation rather than a traditional operating growth story.

07/21/26 02:34 AM ETAI Generated. May Contain Errors.

FutureTech II Acquisition Financials - Frequently Asked Questions

According to the most recent income statement we have on file, FutureTech II Acquisition's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

FutureTech II Acquisition's net income appears to be on a downward trend, with a most recent value of -$746.95 thousand in 2024, falling from $700.02 thousand in 2022. The previous period was $2.91 million in 2023.

FutureTech II Acquisition's total operating income in 2024 was -$1.81 million, based on the following breakdown:
  • Total Gross Profit: $0.00
  • Total Operating Expenses: $1.81 million

Over the last 2 years, FutureTech II Acquisition's total revenue changed from $0.00 in 2022 to $0.00 in 2024, a change of 0.0%.

FutureTech II Acquisition's total liabilities were at $27.89 million at the end of 2024, a 228.3% increase from 2023, and a 23,968.8% increase since 2021.

In the past 3 years, FutureTech II Acquisition's cash and equivalents has ranged from $5 thousand in 2021 to $262.76 thousand in 2022, and is currently $56.77 thousand as of their latest financial filing in 2024.

Over the last 2 years, FutureTech II Acquisition's book value per share changed from -0.22 in 2022 to -1.52 in 2024, a change of 606.1%.


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