Free Trial
→ Financial legend: “This is bad, really bad...” (From Weiss Ratings) (Ad)tc pixel Free IVCP Stock Alerts

Swiftmerge Acquisition (IVCP) Financials

Swiftmerge Acquisition logo
$2.57 -0.08 (-3.02%)
As of 10/15/2026
Annual Income Statements for Swiftmerge Acquisition

Annual Income Statements for Swiftmerge Acquisition

This table shows Swiftmerge 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		 1.50 -58 -168 1.80
Consolidated Net Income / (Loss)		 1.50 -5.16 -12 2.88
Net Income / (Loss) Continuing Operations		 -1.04 -5.16 -12 2.88
Total Pre-Tax Income 		-1.04 -5.16 -12 4.15
Total Operating Income		 -1.45 -5.77 -15 2.90
Total Gross Profit		 0.00 0.00 1.42 25
Total Revenue		 0.00 0.00 1.42 25
Operating Revenue		 - 0.00 1.42 25
Total Cost of Revenue		 0.00 0.00 0.00 0.00
Total Operating Expenses		 1.45 5.77 16 22
Selling, General & Admin Expense		 - 5.63 7.31 16
Depreciation Expense		 - 0.00 0.13 2.93
Amortization Expense		 - 0.13 0.13 0.13
Other Operating Expenses / (Income)		 1.45 - 0.00 3.21
Restructuring Charge		 - 0.00 8.40 0.00
Total Other Income / (Expense), net		 0.41 0.61 2.12 1.24
Interest & Investment Income		 - -0.10 1.95 1.24
Other Income / (Expense), net		 0.41 0.71 0.17 0.00
Income Tax Expense		 - - 0.00 1.26
Preferred Stock Dividends Declared		 - 53 155 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 0.00 -0.09 1.08
Basic Earnings per Share		 ($0.15) ($1.84) $0.00 $0.04
Weighted Average Basic Shares Outstanding		 50.35M 31.64M 0.00 40.63M
Diluted Earnings per Share		 ($0.15) ($1.84) $0.00 $0.04
Weighted Average Diluted Shares Outstanding		 50.35M 31.64M 0.00 40.63M
Weighted Average Basic & Diluted Shares Outstanding		 - 6.84M 66.58M 66.65M

Quarterly Income Statements for Swiftmerge Acquisition

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -61 -114 -43 -1.08 -167 -2.01 0.35 3.31 0.14 2.07 2.36
Consolidated Net Income / (Loss)		 -8.09 -1.59 -0.35 -1.08 -12 -3.34 0.64 5.32 0.26 3.40 3.80
Net Income / (Loss) Continuing Operations		 -5.76 -1.59 -0.35 -1.08 -12 -3.34 0.64 5.32 0.26 3.40 3.80
Total Pre-Tax Income 		-5.76 -1.59 -0.35 -1.08 -12 -3.39 0.74 5.88 0.92 3.84 2.06
Total Operating Income		 -2.49 -2.05 -0.99 -1.47 -13 -3.63 0.58 5.73 0.22 3.70 1.91
Total Gross Profit		 - 0.00 0.00 0.65 1.42 0.64 4.03 11 9.14 9.34 10
Total Revenue		 - 0.00 0.00 0.65 1.42 0.64 4.03 11 9.14 9.34 10
Operating Revenue		 - 0.00 0.00 0.65 - 0.64 4.03 11 9.14 9.34 10
Total Cost of Revenue		 - 0.00 0.00 0.00 - 0.00 0.00 0.00 - 0.00 0.00
Total Operating Expenses		 2.49 2.05 0.99 2.12 15 4.27 3.45 5.50 8.92 5.65 8.30
Selling, General & Admin Expense		 - 2.02 0.96 2.04 - 4.16 2.09 4.23 5.38 3.77 5.53
Depreciation Expense		 - 0.00 0.00 0.05 - 0.07 0.23 0.58 2.05 1.18 0.88
Other Operating Expenses / (Income)		 - - 0.00 0.00 - 0.03 1.13 0.65 - 0.70 1.89
Total Other Income / (Expense), net		 -3.28 0.46 0.64 0.40 1.77 0.24 0.15 0.15 0.70 0.14 0.15
Interest & Investment Income		 - 0.29 0.64 0.40 - 0.24 0.15 0.15 0.70 0.14 0.15
Income Tax Expense		 - 0.00 0.00 0.00 - -0.05 0.09 0.56 0.66 0.44 -1.74
Net Income / (Loss) Attributable to Noncontrolling Interest		 - 0.00 0.00 0.00 - -1.33 0.30 2.00 0.12 1.33 1.44
Basic Earnings per Share		 ($1.92) ($3.41) $0.00 $0.00 ($4.33) ($0.05) $0.01 $0.08 - $0.05 $0.06
Weighted Average Basic Shares Outstanding		 31.64M 33.47M 0.00 0.00 38.29M 40.56M 40.62M 40.62M 40.63M 40.66M 40.90M
Diluted Earnings per Share		 - ($3.41) $0.00 $0.00 - ($0.05) $0.01 $0.08 - $0.05 $0.06
Weighted Average Diluted Shares Outstanding		 31.64M 33.47M 0.00 0.00 38.29M 40.56M 40.62M 40.62M 40.63M 40.66M 40.90M
Weighted Average Basic & Diluted Shares Outstanding		 6.84M 4.59M 4.59M 4.59M 66.58M 66.65M 66.65M 66.65M 66.65M 66.93M 66.93M

Annual Cash Flow Statements for Swiftmerge Acquisition

This table details how cash moves in and out of Swiftmerge 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		 -0.41 6.33 22 4.80
Net Cash From Operating Activities		 -0.41 -5.75 -17 10
Net Cash From Continuing Operating Activities		 -0.41 -5.75 -17 10
Net Income / (Loss) Continuing Operations		 1.50 -5.16 -12 2.88
Consolidated Net Income / (Loss)		 1.50 -5.16 -12 2.88
Depreciation Expense		 - 0.00 0.21 2.93
Non-Cash Adjustments To Reconcile Net Income		 -2.96 -0.02 -0.57 0.91
Changes in Operating Assets and Liabilities, net		 1.05 -0.57 -4.11 3.43
Net Cash From Investing Activities		 -25 -8.92 -23 -7.01
Net Cash From Continuing Investing Activities		 -25 -8.92 -23 -7.01
Other Investing Activities, net		 0.00 -8.92 -23 -7.01
Net Cash From Financing Activities		 25 21 62 1.14
Net Cash From Continuing Financing Activities		 25 21 62 1.14
Issuance of Preferred Equity		 - 21 62 0.00
Other Financing Activities, net		 25 0.00 0.01 1.14
Effect of Exchange Rate Changes		 - - -0.57 0.51

Quarterly Cash Flow Statements for Swiftmerge Acquisition

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 6.72 38 10 -12 23 -0.52 -1.58 7.65 1.50 -0.73 1.49
Net Cash From Operating Activities		 -4.96 -2.38 -2.32 -2.22 -16 -1.86 -0.70 8.97 3.74 2.90 4.19
Net Cash From Continuing Operating Activities		 -4.96 -2.38 -2.32 -2.22 -16 -1.86 -0.73 8.97 3.74 2.90 4.19
Net Income / (Loss) Continuing Operations		 -8.09 -1.59 -0.35 -1.08 -12 -3.34 0.64 5.32 0.26 3.40 3.80
Consolidated Net Income / (Loss)		 -8.09 -1.59 -0.35 -1.08 -12 -3.34 0.64 5.32 0.26 3.40 3.80
Depreciation Expense		 - 0.00 - 0.05 - 0.07 0.23 0.58 2.05 1.18 0.88
Non-Cash Adjustments To Reconcile Net Income		 6.19 -0.25 -0.38 0.07 0.10 0.03 0.03 0.03 0.81 -0.56 1.41
Changes in Operating Assets and Liabilities, net		 -3.06 -0.53 -1.60 -1.27 -4.48 1.37 -1.64 3.04 0.63 -1.12 -1.90
Net Cash From Investing Activities		 -221 -3.96 -5.00 -9.59 -34 -1.22 -2.16 -0.88 -2.75 -2.97 -2.93
Net Cash From Continuing Investing Activities		 -221 -3.96 -5.00 -9.59 -34 -1.22 -2.16 -0.88 -2.75 -2.97 -2.93
Other Investing Activities, net		 - -3.96 -5.00 -9.59 - -1.22 -2.16 -0.88 -2.75 -2.97 -2.93
Net Cash From Financing Activities		 233 44 18 - 73 0.28 0.87 - - -0.35 0.35
Net Cash From Continuing Financing Activities		 233 44 18 - 73 0.28 0.87 - - -0.35 0.35
Effect of Exchange Rate Changes		 - - - - - 2.28 - - - -0.31 -0.11

Annual Balance Sheets for Swiftmerge Acquisition

This table presents Swiftmerge 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		 204 231 34 83 101
Total Current Assets		 1.44 0.98 6.79 31 37
Cash & Equivalents		 0.88 0.46 6.76 28 32
Restricted Cash		 - - - 0.00 1.30
Accounts Receivable		 - - 0.00 1.23 1.96
Prepaid Expenses		 0.56 0.51 0.03 1.67 1.53
Plant, Property, & Equipment, net		 0.00 0.00 22 34 43
Total Noncurrent Assets		 203 230 4.43 18 22
Noncurrent Note & Lease Receivables		 - - 4.43 6.85 9.59
Noncurrent Deferred & Refundable Income Taxes		 - - - - 0.00
Other Noncurrent Operating Assets		 203 230 0.00 11 13
Total Liabilities & Shareholders' Equity		 204 231 34 83 101
Total Liabilities		 7.44 0.91 32 33 43
Total Current Liabilities		 0.44 0.56 1.75 2.37 19
Short-Term Debt		 - 0.00 - 0.00 12
Accounts Payable		 0.03 0.05 1.05 2.20 6.78
Current Deferred & Payable Income Tax Liabilities		 - - - 0.00 0.42
Other Current Liabilities		 0.00 0.00 0.70 0.16 0.20
Total Noncurrent Liabilities		 7.00 0.35 31 31 24
Asset Retirement Reserve & Litigation Obligation		 - - 4.24 4.38 4.51
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - 0.00 0.90
Other Noncurrent Operating Liabilities		 7.00 0.35 26 27 18
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -5.48 0.16 -151 50 59
Total Preferred & Common Equity		 -5.48 0.16 -151 30 35
Total Common Equity		 -5.48 0.16 -151 30 35
Common Stock		 0.00 0.00 0.00 227 229
Retained Earnings		 -5.48 0.16 -146 -191 -189
Accumulated Other Comprehensive Income / (Loss)		 - - -4.86 -5.80 -3.94
Noncontrolling Interest		 - - 0.00 20 23

Quarterly Balance Sheets for Swiftmerge Acquisition

This table presents Swiftmerge 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 Q1 2022 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2022 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 - 24 13 14 14 82 90 100 101 107
Total Current Assets		 - 0.20 0.03 0.05 0.03 29 27 37 38 42
Cash & Equivalents		 - 0.07 0.03 0.00 0.01 28 23 31 31 33
Restricted Cash		 - - - - - - 1.17 1.17 1.27 1.27
Accounts Receivable		 - - - - - 0.40 2.29 2.24 3.59 4.66
Prepaid Expenses		 - 0.13 - 0.04 0.02 0.99 1.09 1.90 1.86 3.15
Plant, Property, & Equipment, net		 - 0.00 0.00 0.00 0.00 35 42 42 42 44
Total Noncurrent Assets		 - 24 13 14 14 18 21 21 21 21
Noncurrent Note & Lease Receivables		 - - - - - 6.58 8.32 8.53 10 8.52
Noncurrent Deferred & Refundable Income Taxes		 - - - - - 0.05 - - - 2.32
Other Noncurrent Operating Assets		 - 24 13 14 14 11 12 13 11 11
Total Liabilities & Shareholders' Equity		 - 24 13 14 14 82 90 100 101 107
Total Liabilities		 - 3.42 3.45 4.00 4.24 34 38 42 41 41
Total Current Liabilities		 - 3.42 3.08 4.00 4.24 2.16 3.31 18 20 22
Short-Term Debt		 - 0.40 0.60 0.71 1.01 - - 11 11 12
Accounts Payable		 - 1.87 2.12 2.36 2.33 1.98 3.12 7.28 8.20 8.53
Current Deferred & Payable Income Tax Liabilities		 - - - - - - - 0.00 0.84 1.45
Other Current Liabilities		 - 0.00 0.00 0.20 0.20 0.17 0.19 0.20 0.15 0.15
Total Noncurrent Liabilities		 - 0.00 0.37 0.00 0.00 32 34 23 20 19
Asset Retirement Reserve & Litigation Obligation		 - - - - - 4.41 4.44 4.48 2.98 3.02
Noncurrent Deferred & Payable Income Tax Liabilities		 - - - - - - - - 0.88 0.87
Other Noncurrent Operating Liabilities		 - - 0.37 - - 28 30 19 16 16
Commitments & Contingencies		 - 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 - -3.12 -3.32 -3.85 -4.11 48 52 58 61 66
Total Preferred & Common Equity		 - -3.12 -3.32 -3.85 -4.11 29 32 35 37 40
Total Common Equity		 - -3.12 -3.32 -3.85 -4.11 29 32 35 37 40
Common Stock		 - 0.00 0.00 0.00 0.00 227 228 228 228 230
Retained Earnings		 - -3.12 -3.32 -3.85 -4.11 -193 -193 -189 -187 -185
Accumulated Other Comprehensive Income / (Loss)		 - - - - - -5.11 -3.32 -3.32 -4.59 -4.78
Noncontrolling Interest		 - - - - - 19 20 23 24 25

Annual Metrics And Ratios for Swiftmerge Acquisition

This table displays calculated financial ratios and metrics derived from Swiftmerge 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		 28,125,000.00 7,871,910.00 - 4,589,913.00
DEI Adjusted Shares Outstanding		 28,125,000.00 7,871,910.00 - 4,589,913.00
DEI Earnings Per Adjusted Shares Outstanding		 0.05 -7.42 - 0.39
Growth Metrics		 - - - -
Revenue Growth		 0.00% 0.00% 0.00% 1,663.04%
EBITDA Growth		 0.00% -373.61% -187.62% 141.20%
EBIT Growth		 0.00% -386.42% -184.26% 120.19%
NOPAT Growth		 0.00% -297.01% -152.33% 119.81%
Net Income Growth		 0.00% -443.45% -140.89% 123.18%
EPS Growth		 0.00% -1,126.67% -138.04% 0.00%
Operating Cash Flow Growth		 0.00% -1,289.00% -193.91% 160.10%
Free Cash Flow Firm Growth		 0.00% 0.00% -116.10% 63.22%
Invested Capital Growth		 0.00% -102.42% 486.70% 73.17%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 50.17%
EBITDA Q/Q Growth		 0.00% -31.91% -1,329.95% 192.59%
EBIT Q/Q Growth		 0.00% -35.48% -1,351.50% 139.49%
NOPAT Q/Q Growth		 0.00% -8.13% -1,368.99% 139.22%
Net Income Q/Q Growth		 0.00% -213.92% -32,472.20% 142.44%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 104.30%
Operating Cash Flow Q/Q Growth		 0.00% -567.52% -1,850.64% 384.79%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% -471.54% 56.44%
Invested Capital Q/Q Growth		 0.00% -126.15% 104.16% 1.07%
Profitability Metrics		 - - - -
Gross Margin		 0.00% 0.00% 100.00% 100.00%
EBITDA Margin		 0.00% 0.00% -997.58% 23.31%
Operating Margin		 0.00% 0.00% -1,024.81% 11.59%
EBIT Margin		 0.00% 0.00% -1,012.62% 11.59%
Profit (Net Income) Margin		 0.00% 0.00% -875.42% 11.51%
Tax Burden Percent		 -144.48% 100.00% 100.00% 69.52%
Interest Burden Percent		 100.00% 102.02% 86.45% 142.82%
Effective Tax Rate		 0.00% 0.00% 0.00% 30.48%
Return on Invested Capital (ROIC)		 0.00% 0.00% -128.18% 6.89%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% -115.39% 3.43%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 79.41% -1.58%
Return on Equity (ROE)		 0.70% -4.47% -48.76% 5.32%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -173.38% -46.68%
Operating Return on Assets (OROA)		 0.00% 0.00% -24.63% 3.15%
Return on Assets (ROA)		 0.00% 0.00% -21.29% 3.13%
Return on Common Equity (ROCE)		 -0.01% 2.92% 116.09% 3.20%
Return on Equity Simple (ROE_SIMPLE)		 920.40% 3.41% -41.61% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.02 -4.04 -10 2.02
NOPAT Margin		 0.00% 0.00% -717.37% 8.06%
Net Nonoperating Expense Percent (NNEP)		 545.43% -31.11% -12.79% 3.46%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.67% -20.47% 2.87%
Cost of Revenue to Revenue		 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 0.00% 0.00% 514.59% 63.35%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 0.00% 0.00% 1,124.81% 88.41%
Earnings before Interest and Taxes (EBIT)		 -1.04 -5.06 -14 2.90
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -1.04 -4.93 -14 5.84
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 3,124.17 0.00 8.69 3.30
Price to Tangible Book Value (P/TBV)		 3,124.17 0.00 8.69 3.30
Price to Revenue (P/Rev)		 0.00 0.00 182.80 4.67
Price to Earnings (P/E)		 339.44 0.00 0.00 64.95
Dividend Yield		 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.29% 0.00% 0.00% 1.54%
Enterprise Value to Invested Capital (EV/IC)		 3.22 0.00 11.71 3.19
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 176.86 4.73
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 20.31
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 40.83
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 58.73
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 11.67
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 2.12 0.00 0.00
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 0.00 0.00 0.20
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -0.03 -0.69 -0.46
Leverage Ratio		 1.02 1.14 2.29 1.70
Compound Leverage Factor		 1.02 1.17 1.98 2.43
Debt to Total Capital		 0.00% 0.00% 0.00% 16.48%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 16.48%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 99.93% 12,545.44% 39.97% 33.05%
Common Equity to Total Capital		 0.07% -12,445.44% 60.03% 50.47%
Debt to EBITDA		 0.00 0.00 0.00 1.98
Net Debt to EBITDA		 0.00 0.00 0.00 -3.69
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 5.74
Net Debt to NOPAT		 0.00 0.00 0.00 -10.68
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00
Altman Z-Score		 335.21 -0.04 1.32 -0.42
Noncontrolling Interest Sharing Ratio		 101.25% 165.39% 338.06% 39.76%
Liquidity Ratios		 - - - -
Current Ratio		 1.75 3.87 13.18 1.93
Quick Ratio		 0.83 3.86 12.48 1.78
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 231 -37 -14
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.00 0.02 0.27
Accounts Receivable Turnover		 0.00 0.00 0.00 15.72
Inventory Turnover		 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 0.00 0.04 0.65
Accounts Payable Turnover		 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 23.21
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 23.21
Capital & Investment Metrics		 - - - -
Invested Capital		 229 -5.54 21 37
Invested Capital Turnover		 0.00 0.00 0.18 0.86
Increase / (Decrease) in Invested Capital		 0.00 -235 27 16
Enterprise Value (EV)		 739 490 251 119
Market Capitalization		 510 344 260 117
Book Value per Share		 $0.01 ($19.21) $0.78 $0.87
Tangible Book Value per Share		 $0.01 ($19.21) $0.78 $0.87
Total Capital		 230 1.22 50 70
Total Debt		 0.00 0.00 0.00 12
Total Long-Term Debt		 0.00 0.00 0.00 0.00
Net Debt		 -0.46 -6.76 -28 -22
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -0.04 -1.72 0.52 -3.91
Debt-free Net Working Capital (DFNWC)		 0.42 5.03 29 29
Net Working Capital (NWC)		 0.42 5.03 29 18
Net Nonoperating Expense (NNE)		 -2.52 1.12 2.24 -0.86
Net Nonoperating Obligations (NNO)		 -0.46 -6.76 -28 -22
Total Depreciation and Amortization (D&A)		 0.00 0.13 0.21 2.93
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 36.86% -15.60%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 2,031.90% 116.73%
Net Working Capital to Revenue		 0.00% 0.00% 2,031.90% 70.49%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.66) ($4.38) $0.04
Adjusted Weighted Average Basic Shares Outstanding		 0.00 15.86M 38.29M 40.63M
Adjusted Diluted Earnings per Share		 $0.00 ($0.66) ($4.38) $0.04
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 15.86M 38.29M 40.63M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 6.84M 66.58M 66.65M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.02 -4.04 -4.31 2.02
Normalized NOPAT Margin		 0.00% 0.00% -303.36% 8.06%
Pre Tax Income Margin		 0.00% 0.00% -875.42% 16.56%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Swiftmerge Acquisition

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 7,871,910.00 6,839,913.00 4,589,913.00 4,589,913.00 - 4,589,913.00 4,589,913.00 4,589,913.00 4,589,913.00 66,654,281.00 66,934,400.00
DEI Adjusted Shares Outstanding		 7,871,910.00 6,839,913.00 4,589,913.00 4,589,913.00 - 4,589,913.00 4,589,913.00 4,589,913.00 4,589,913.00 66,654,281.00 66,934,400.00
DEI Earnings Per Adjusted Shares Outstanding		 -7.79 -16.71 -9.39 -0.23 - -0.44 0.08 0.72 0.03 0.03 0.04
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1,631.36% 1,083.86% 1,349.51% 153.45%
EBITDA Growth		 -25,640.27% -51.42% 21.00% -67.15% -437.64% -92.49% 184.84% 544.16% 122.93% 237.26% 243.93%
EBIT Growth		 -25,640.27% -54.15% 18.25% -73.19% -437.64% -92.97% 158.84% 489.10% 102.15% 201.98% 228.01%
NOPAT Growth		 -449.50% -68.36% 42.78% -21.23% -437.64% -76.68% 173.50% 603.20% 100.86% 229.08% 591.27%
Net Income Growth		 -605.99% -243.15% -123.84% -409.24% -47.16% -110.11% 283.59% 594.27% 102.74% 201.80% 489.29%
EPS Growth		 0.00% -2,741.67% 0.00% -100.00% 0.00% 98.53% 0.00% 0.00% 0.00% 200.00% 500.00%
Operating Cash Flow Growth		 -7,067.57% -742.44% -1,023.14% -632.33% -225.85% 21.77% 69.87% 504.12% 137.53% 255.92% 698.15%
Free Cash Flow Firm Growth		 0.00% 1,949.85% -95.17% -95.12% -115.58% -105.51% -283.16% -317.71% 54.05% -34.96% 31.55%
Invested Capital Growth		 -102.42% -95.45% -49.92% -50.46% 486.70% 90.64% 175.18% 249.81% 73.17% 97.61% 54.79%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -16.47% 525.26% 178.50% -18.61% 2.27% 9.33%
EBITDA Q/Q Growth		 -192.44% 25.77% 48.09% -48.33% -5,112.12% 64.03% 122.88% 676.54% -64.12% 115.33% -42.67%
EBIT Q/Q Growth		 -192.44% 24.43% 47.24% -48.52% -5,112.12% 63.88% 116.09% 882.10% -96.23% 1,612.42% -48.25%
NOPAT Q/Q Growth		 -104.71% 17.46% 51.69% -48.52% -5,112.12% 63.88% 120.10% 916.86% -98.83% 5,311.13% 7.63%
Net Income Q/Q Growth		 -2,425.39% 80.36% 77.91% -206.45% -15,328.52% 64.53% 119.30% 725.03% -95.15% 1,217.14% 11.75%
EPS Q/Q Growth		 0.00% 0.00% 100.00% 0.00% 0.00% -101.47% 120.00% 700.00% 0.00% 0.00% 20.00%
Operating Cash Flow Q/Q Growth		 -1,535.36% 52.05% 2.27% 4.45% -5,506.39% 81.36% 62.35% 1,381.48% -58.26% -22.57% 44.42%
Free Cash Flow Firm Q/Q Growth		 17.63% -6.16% -95.63% 1.08% -445.48% 64.53% -45.21% -20.15% 25.75% -4.18% 26.35%
Invested Capital Q/Q Growth		 -126.15% 289.56% -2.08% 2.05% 104.16% -6.55% 41.34% 29.72% 1.07% 6.64% 10.71%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 0.00% 0.00% 0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin		 0.00% 0.00% 0.00% -219.17% -941.23% -551.06% 20.17% 56.23% 24.78% 52.18% 27.36%
Operating Margin		 0.00% 0.00% 0.00% -227.09% -941.23% -562.40% 14.47% 51.04% 2.36% 39.57% 18.73%
EBIT Margin		 0.00% 0.00% 0.00% -227.09% -941.23% -562.40% 14.47% 51.04% 2.36% 39.57% 18.73%
Profit (Net Income) Margin		 0.00% 0.00% 0.00% -165.97% -838.53% -518.05% 16.00% 47.38% 2.83% 36.38% 37.19%
Tax Burden Percent		 140.41% 100.00% 100.00% 100.00% 102.67% 98.57% 87.43% 90.53% 28.04% 88.60% 184.26%
Interest Burden Percent		 231.80% 84.60% 35.42% 73.09% 86.77% 93.45% 126.41% 102.56% 426.36% 103.78% 107.76%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 12.57% 9.47% 71.96% 11.40% -84.26%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% -6.50% -117.73% -53.22% 4.00% 32.61% 0.57% 39.67% 38.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% -13.36% -103.18% -47.34% 2.84% 31.32% -0.23% 39.16% 37.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% -0.58% 71.01% 22.31% -1.07% -9.51% 0.10% -17.65% -14.41%
Return on Equity (ROE)		 -4.47% -6.53% -64.34% -7.09% -46.71% -30.91% 2.93% 23.10% 0.67% 22.02% 23.78%
Cash Return on Invested Capital (CROIC)		 0.00% 178.75% 37.57% 36.57% -173.38% -136.29% -146.15% -132.86% -46.68% -36.58% -10.78%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% -7.74% -22.89% -24.35% 1.71% 14.95% 0.64% 14.56% 7.58%
Return on Assets (ROA)		 0.00% 0.00% 0.00% -5.66% -20.39% -22.43% 1.89% 13.88% 0.77% 13.39% 15.06%
Return on Common Equity (ROCE)		 2.92% 0.12% 13.08% 1.69% 111.20% -13.65% 1.32% 10.57% 0.40% 13.27% 14.54%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 236.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -1.74 -1.44 -0.69 -1.03 -9.36 -2.54 0.51 5.19 0.06 3.28 3.53
NOPAT Margin		 0.00% 0.00% 0.00% -158.96% -658.86% -393.68% 12.65% 46.20% 0.66% 35.06% 34.51%
Net Nonoperating Expense Percent (NNEP)		 -175.91% 78.04% -93.20% 6.86% -14.54% -5.89% 1.16% 1.29% 0.79% 0.51% 1.19%
Return On Investment Capital (ROIC_SIMPLE)		 1.15% 52.75% 22.09% 33.21% -18.80% -5.30% 0.98% 7.50% 0.09% 4.55% 4.54%
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% 0.00% 314.03% 0.00% 645.86% 51.89% 37.65% 58.88% 40.31% 54.13%
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% 0.00% 327.09% 1,041.23% 662.40% 85.53% 48.97% 97.64% 60.43% 81.27%
Earnings before Interest and Taxes (EBIT)		 -2.49 -1.88 -0.99 -1.47 -13 -3.63 0.58 5.73 0.22 3.70 1.91
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -2.49 -1.85 -0.96 -1.42 -13 -3.55 0.81 6.31 2.26 4.88 2.80
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.00 8.69 10.59 9.18 4.86 3.30 9.21 2.93
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 8.69 10.59 9.18 4.86 3.30 9.21 2.93
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 182.80 147.94 47.98 10.24 4.67 9.99 2.97
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 64.95 57.34 15.04
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.54% 1.74% 6.65%
Enterprise Value to Invested Capital (EV/IC)		 0.00 35.68 0.00 0.00 11.71 14.81 10.20 4.69 3.19 8.59 2.78
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 176.86 143.68 47.40 10.34 4.73 10.08 3.06
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 20.31 23.84 7.51
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 40.83 33.26 10.56
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 58.73 39.31 10.49
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.67 22.80 6.16
Enterprise Value to Free Cash Flow (EV/FCFF)		 2.12 1.74 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.06 0.07 0.11 0.00 0.00 0.00 0.18 0.20 0.19 0.18
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 -0.03 0.00 0.02 0.04 -0.69 -0.47 -0.38 -0.30 -0.46 -0.45 -0.39
Leverage Ratio		 1.14 1.02 1.23 1.25 2.29 1.65 1.67 1.68 1.70 1.69 1.67
Compound Leverage Factor		 2.65 0.86 0.43 0.92 1.99 1.54 2.11 1.72 7.25 1.75 1.80
Debt to Total Capital		 0.00% 5.69% 6.91% 9.57% 0.00% 0.00% 0.00% 15.59% 16.48% 15.67% 15.21%
Short-Term Debt to Total Capital		 0.00% 5.69% 6.91% 9.57% 0.00% 0.00% 0.00% 15.59% 16.48% 15.67% 15.21%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 12,545.44% 125.84% 130.52% 129.52% 39.97% 39.72% 39.10% 33.54% 33.05% 33.52% 32.75%
Common Equity to Total Capital		 -12,445.44% -31.53% -37.43% -39.09% 60.03% 60.28% 60.90% 50.87% 50.47% 50.81% 52.04%
Debt to EBITDA		 0.00 -0.09 -0.11 -0.14 0.00 0.00 0.00 -1.71 1.98 0.79 0.73
Net Debt to EBITDA		 0.00 -0.09 -0.11 -0.14 0.00 0.00 0.00 3.43 -3.69 -1.48 -1.36
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 -0.13 -0.16 -0.21 0.00 0.00 0.00 -2.09 5.74 1.30 1.02
Net Debt to NOPAT		 0.00 -0.12 -0.16 -0.20 0.00 0.00 0.00 4.20 -10.68 -2.44 -1.90
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.21 61.70 0.00 0.00 1.36 2.35 2.08 0.38 -0.51 3.05 -0.04
Noncontrolling Interest Sharing Ratio		 165.39% 101.82% 120.33% 123.79% 338.06% 55.84% 54.75% 54.23% 39.76% 39.73% 38.83%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 3.87 0.01 0.01 0.01 13.18 13.55 8.26 2.00 1.93 1.85 1.90
Quick Ratio		 3.86 0.01 0.00 0.00 12.48 13.09 7.58 1.83 1.78 1.70 1.70
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 233 219 9.56 9.67 -36 -12 -18 -21 -16 -16 -12
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.03 0.02 0.04 0.12 0.29 0.27 0.37 0.41
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.72 16.88 11.50
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 0.04 0.00 0.00 0.00 0.65 0.87 0.93
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 23.21 21.63 31.74
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 23.21 21.63 31.74
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 -5.54 11 10 11 21 20 28 37 37 40 44
Invested Capital Turnover		 0.00 0.00 0.00 0.04 0.18 0.14 0.32 0.71 0.86 1.13 1.11
Increase / (Decrease) in Invested Capital		 -235 -220 -10 -11 27 9.53 18 26 16 20 16
Enterprise Value (EV)		 490 375 0.00 0.00 251 297 289 172 119 340 122
Market Capitalization		 344 361 0.00 0.00 260 305 292 171 117 337 119
Book Value per Share		 ($19.21) ($0.42) ($3.17) ($0.60) $0.78 $0.71 $0.78 $0.87 $0.87 $0.55 $0.60
Tangible Book Value per Share		 ($19.21) ($0.42) ($3.17) ($0.60) $0.78 $0.71 $0.78 $0.87 $0.87 $0.55 $0.60
Total Capital		 1.22 11 10 11 50 48 52 69 70 72 78
Total Debt		 0.00 0.60 0.71 1.01 0.00 0.00 0.00 11 12 11 12
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 -6.76 0.57 0.71 1.00 -28 -28 -24 -22 -22 -21 -22
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -1.72 -2.48 -3.24 -3.21 0.52 -0.76 0.07 -3.33 -3.91 -3.74 -2.33
Debt-free Net Working Capital (DFNWC)		 5.03 -2.45 -3.24 -3.20 29 27 24 29 29 29 32
Net Working Capital (NWC)		 5.03 -3.05 -3.95 -4.21 29 27 24 18 18 17 20
Net Nonoperating Expense (NNE)		 6.35 0.15 -0.34 0.05 2.55 0.80 -0.13 -0.13 -0.20 -0.12 -0.27
Net Nonoperating Obligations (NNO)		 -6.76 0.57 0.71 1.00 -28 -28 -24 -22 -22 -21 -22
Total Depreciation and Amortization (D&A)		 0.00 0.03 0.03 0.05 0.00 0.07 0.23 0.58 2.05 1.18 0.88
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% -495.48% 36.86% -37.04% 1.07% -19.99% -15.60% -11.08% -5.84%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% -494.01% 2,031.90% 1,309.94% 394.54% 174.18% 116.73% 84.96% 79.05%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% -649.18% 2,031.90% 1,309.94% 394.54% 109.57% 70.49% 51.53% 49.43%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($1.92) $0.03 ($0.05) ($0.03) ($4.33) ($0.05) $0.01 $0.08 $0.00 $0.05 $0.06
Adjusted Weighted Average Basic Shares Outstanding		 31.64M 7.83M 1.21M 6.84M 38.29M 40.56M 40.62M 40.62M 40.63M 40.66M 40.90M
Adjusted Diluted Earnings per Share		 $0.00 $0.03 $0.00 ($0.03) $0.00 ($0.05) $0.01 $0.08 $0.00 $0.05 $0.06
Adjusted Weighted Average Diluted Shares Outstanding		 31.64M 7.83M 4.59M 6.84M 38.29M 40.56M 40.62M 40.62M 40.63M 40.66M 40.90M
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		 6.84M 4.59M 4.59M 4.59M 66.58M 66.65M 66.65M 66.65M 66.65M 66.93M 66.93M
Normalized Net Operating Profit after Tax (NOPAT)		 -1.74 -1.44 -0.69 -1.03 -9.36 -2.54 0.51 5.19 0.15 3.28 1.34
Normalized NOPAT Margin		 0.00% 0.00% 0.00% -158.96% -658.86% -393.68% 12.65% 46.20% 1.65% 35.06% 13.11%
Pre Tax Income Margin		 0.00% 0.00% 0.00% -165.97% -816.71% -525.54% 18.29% 52.34% 10.08% 41.07% 20.18%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

AleAnna’s financial profile has improved substantially from 2024, although the latest quarter shows some margin pressure and continued balance-sheet complexity. Revenue increased from essentially zero in early 2024 to $10.2 million in Q2 2026. However, growth has moderated from the $11.2 million reported in Q3 2025, with Q2 revenue up 9.3% from Q1 2026 but still below the recent quarterly peak.

  • Revenue has scaled rapidly. Operating revenue rose from $4.0 million in Q2 2025 to $10.2 million in Q2 2026, a year-over-year increase of approximately 153%. This represents a significant improvement from the minimal revenue reported during much of 2024.
  • The company has maintained positive earnings since Q2 2025. Consolidated net income was $3.8 million in Q2 2026, compared with $3.4 million in Q1 2026 and $644,663 in Q2 2025. Net income attributable to common shareholders also increased to $2.4 million from $2.1 million sequentially.
  • Operating cash flow remains positive. AleAnna generated $4.2 million of operating cash flow in Q2 2026, up from $2.9 million in Q1. Operating cash flow was negative in Q1 and Q2 2025, so the recent positive results suggest improved cash generation from operations.
  • Liquidity has strengthened over the longer term. Cash and equivalents increased to $32.6 million at June 30, 2026, from $28.1 million at the end of Q1 2025 and only $9,520 at September 30, 2024. Including restricted cash, current assets totaled $41.7 million.
  • Asset investment is continuing. Net property, plant and equipment increased to $44.2 million in Q2 2026 from $41.8 million in Q2 2025, while the company continued to report cash outflows for investing activities. These investments could support future production and revenue growth if they generate adequate returns.
  • Q2 2026 operating margins weakened sequentially. Operating income fell to $1.9 million from $3.7 million in Q1 2026. SG&A increased to $5.5 million from $3.8 million, while other operating expenses increased to $1.9 million from $701,416. As a result, the operating margin declined to approximately 18.7% from 39.6%.
  • Cash flow is positive but remains investment-intensive. The company used $2.9 million in investing activities during both Q1 and Q2 2026. Financing provided $346,141 in Q2 after a $347,223 financing outflow in Q1, resulting in a Q2 cash increase of $1.5 million.
  • The latest net income benefited from an unusual tax item. AleAnna reported a $1.7 million income tax benefit in Q2 2026, compared with $437,397 of tax expense in Q1. Investors should determine whether this benefit is recurring, because reported earnings may overstate the company’s underlying operating profitability for the quarter.
  • Short-term obligations remain significant. Short-term debt was $11.8 million and accounts payable were $8.5 million at June 30, 2026. Although current assets exceeded current liabilities, the company’s current ratio was approximately 1.9, leaving less balance-sheet flexibility than its cash balance alone might suggest.
  • Accumulated losses and noncontrolling interests remain important risks. Retained earnings were negative $184.8 million, and $25.5 million of total equity represented noncontrolling interests rather than common equity. Common equity was $40.4 million, while accumulated other comprehensive losses were $4.8 million, highlighting the limited quality and complexity of the reported equity base.

Overall, AleAnna has moved from a cash-consuming, pre-revenue profile in 2024 to a company reporting meaningful revenue, positive earnings and positive operating cash flow. The main issues for investors are whether revenue can remain near or above the $10 million quarterly level, whether elevated operating expenses can be controlled, and how much of reported earnings is supported by recurring operations rather than tax benefits or other adjustments. The Q2 2025 income statement was restated, so comparisons with that period should be interpreted with appropriate caution.

10/16/26 11:29 PM ETAI Generated. May Contain Errors.

Swiftmerge Acquisition Financials - Frequently Asked Questions

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

Swiftmerge Acquisition's net income appears to be on a downward trend, with a most recent value of $2.88 million in 2025, rising from $1.50 million in 2022. The previous period was -$12.43 million in 2024.

Swiftmerge Acquisition's total operating income in 2025 was $2.90 million, based on the following breakdown:
  • Total Gross Profit: $25.04 million
  • Total Operating Expenses: $22.13 million

Over the last 3 years, Swiftmerge Acquisition's total revenue changed from $0.00 in 2022 to $25.04 million in 2025, a change of 2,503,573,700.0%.

In the past 17 quarters, Swiftmerge Acquisition's cash and equivalents has ranged from $0.00 in Q1 2022 to $32.62 million in Q2 2026, and is currently $32.62 million as of their latest financial filing in Q2 2026.

Swiftmerge Acquisition had total debt of $11.58 million at the end of 2025, compared with none in 2024, and none in 2022.

Over the last 3 years, Swiftmerge Acquisition's book value per share changed from 0.01 in 2022 to 0.87 in 2025, a change of 14,944.8%.



Financial statements for NASDAQ:IVCP last updated on 8/13/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Elon Musk’s 4th Wealth Window Set to Open by October 30
Jeff Brown, the analyst who flagged Bitcoin, Tesla, and Nvidia early, is tracking Elon Musk's next move. He po...
Brownstone Research | Sponsoredtc pixel
Financial legend: “This is bad, really bad...”
Dr. Martin D. Weiss has publicly predicted six major American financial crashes over his 55-year career leadin...
Weiss Ratings | Sponsoredtc pixel
Trump goes "all-in" on Grand Canyon energy breakthrough
A drilling crew near the Grand Canyon uncovered a clean energy well producing nearly eight times the output of...
Behind the Markets | Sponsoredtc pixel
Did you grab your copy yet?
Bill Poulos's Top 10 Stocks to Buy This Quarter report is still available free, but not for long. Every quarte...
Profits Run | Sponsoredtc pixel
Trump’s issues shocking Executive Order on U.S. Dollar
Three days into his second term, President Trump signed Executive Order 14178 a move the press barely covered....
Banyan Hill Publishing | Sponsoredtc pixel
A new income category is drawing serious money - here's why
Forbes recently called a new category of exchange-traded income funds a 'golden era,' and Bloomberg noted the ...
Investors Alley | Sponsoredtc pixel
INSANE DRONE FOOTAGE
New drone footage shows a mysterious factory rising at one of Elon Musk's most secure facilities, cleared and ...
Paradigm Press | Sponsoredtc pixel
A letter from Shannon Stansberry
Porter Stansberry nearly canceled the entire project. When he first saw the claimed returns - only one down ye...
Porter & Company | Sponsoredtc pixel