Mountain Crest Acquisition Corp. V (MCAG) Financials

$13.27 0.00 (0.00%)

As of 07/17/2026

Annual Income Statements for Mountain Crest Acquisition Corp. V

This table shows Mountain Crest Acquisition Corp. V'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	0.00	-2.25	-0.37	-0.43
Consolidated Net Income / (Loss)	0.00	-2.25	-0.37	-0.43
Net Income / (Loss) Continuing Operations	0.00	-2.25	-0.37	-0.43
Total Pre-Tax Income	0.19	-2.15	-0.33	-0.42
Total Operating Income	-0.75	-2.65	-0.62	-0.47
Total Gross Profit	0.00	0.00	0.00	0.00
Total Revenue	0.00	0.00	0.00	0.00
Operating Revenue	-	-	0.00	0.00
Total Cost of Revenue	0.00	0.00	0.00	0.00
Total Operating Expenses	0.75	2.65	0.62	0.47
Selling, General & Admin Expense	0.75	2.65	0.62	0.47
Total Other Income / (Expense), net	0.93	0.51	0.29	0.05
Interest Expense	0.00	0.01	-0.02	-0.00
Interest & Investment Income	0.93	0.51	0.27	0.05
Income Tax Expense	0.18	0.10	0.05	0.01
Basic Earnings per Share	($0.08)	($0.90)	$0.26	($0.23)
Weighted Average Basic Shares Outstanding	2.13M	2.28M	458.76K	2.87M
Diluted Earnings per Share	($0.08)	($0.90)	$0.26	($0.23)
Weighted Average Diluted Shares Outstanding	2.13M	2.28M	458.76K	2.87M
Weighted Average Basic & Diluted Shares Outstanding	2.13M	2.28M	458.76K	2.90M

This table shows Mountain Crest Acquisition Corp. V'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	-1.93	-0.07	-0.03	-0.06	-0.13	-0.15	-0.18	-0.11	-0.07	-0.07	-0.11
Consolidated Net Income / (Loss)	-1.93	-0.07	-0.03	-0.06	-0.13	-0.15	-0.18	-0.11	-0.07	-0.07	-0.11
Net Income / (Loss) Continuing Operations	-1.93	-0.07	-0.03	-0.06	-0.13	-0.15	-0.18	-0.11	-0.07	-0.07	-0.11
Total Pre-Tax Income	-1.92	-0.05	-0.01	-0.04	-0.13	-0.15	-0.18	-0.11	-0.06	-0.07	-0.11
Total Operating Income	-1.99	-0.13	-0.08	-0.15	-0.20	-0.19	-0.19	-0.12	-0.08	-0.08	-0.12
Total Gross Profit	0.00	-	0.00	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	0.00	-	0.00
Operating Revenue	-	-	-	-	-	-	0.00	-	-	-	0.00
Total Cost of Revenue	0.00	-	0.00	0.00	0.00	-	0.00	0.00	0.00	-	0.00
Total Operating Expenses	1.99	0.13	0.08	0.15	0.20	0.19	0.19	0.12	0.08	0.08	0.12
Selling, General & Admin Expense	1.99	0.13	0.08	0.15	0.20	0.19	0.19	0.12	0.08	0.08	0.12
Total Other Income / (Expense), net	0.07	0.07	0.07	0.10	0.08	0.04	0.01	0.01	0.01	0.01	0.01
Interest & Investment Income	0.07	0.07	0.07	0.08	0.08	0.04	0.01	0.01	0.01	0.01	0.01
Income Tax Expense	0.01	0.01	0.01	0.02	0.01	0.01	0.00	0.00	0.00	0.00	0.00
Basic Earnings per Share	($0.72)	($0.07)	($0.04)	$0.10	($0.06)	$0.26	($0.10)	($0.04)	($0.02)	($0.11)	($0.03)
Weighted Average Basic Shares Outstanding	2.23M	2.28M	2.65M	519.32K	2.80M	458.76K	2.90M	2.90M	2.87M	2.87M	2.87M
Diluted Earnings per Share	($0.72)	($0.07)	($0.04)	$0.10	($0.06)	$0.26	($0.10)	($0.04)	($0.02)	($0.11)	($0.03)
Weighted Average Diluted Shares Outstanding	2.23M	2.28M	2.65M	519.32K	2.80M	458.76K	2.90M	2.90M	2.87M	2.87M	2.87M
Weighted Average Basic & Diluted Shares Outstanding	2.23M	2.28M	2.65M	3.29M	2.80M	458.76K	2.80M	2.80M	2.80M	2.90M	2.87M

This table details how cash moves in and out of Mountain Crest Acquisition Corp. V'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	-0.22	-0.24	0.10	-0.10
Net Cash From Operating Activities	-0.45	-0.47	-0.92	-0.74
Net Cash From Continuing Operating Activities	-0.45	-0.47	-0.92	-0.74
Net Income / (Loss) Continuing Operations	0.00	-2.25	-0.37	-0.43
Consolidated Net Income / (Loss)	0.00	-2.25	-0.37	-0.43
Non-Cash Adjustments To Reconcile Net Income	-0.93	-0.51	-0.29	-0.05
Changes in Operating Assets and Liabilities, net	0.48	2.29	-0.26	-0.26
Net Cash From Investing Activities	50	14	4.72	0.36
Net Cash From Continuing Investing Activities	50	14	4.72	0.36
Other Investing Activities, net	50	14	4.72	0.36
Net Cash From Financing Activities	-50	-14	-3.70	0.27
Net Cash From Continuing Financing Activities	-50	-14	-3.70	0.27
Repayment of Debt	0.00	-0.05	-0.05	0.00
Repurchase of Common Equity	-50	-	-4.74	-0.34
Issuance of Debt	-	0.50	1.09	0.61

This table details how cash moves in and out of Mountain Crest Acquisition Corp. V'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	-0.09	0.00	0.01	-0.00	0.02	0.07	-0.09	-0.00	0.02	-0.03	0.09
Net Cash From Operating Activities	-0.11	-0.09	-0.13	-0.36	-0.12	-0.31	-0.09	-0.23	-0.13	-0.29	-0.16
Net Cash From Continuing Operating Activities	-0.11	-0.09	-0.13	-0.36	-0.12	-0.31	-0.09	-0.23	-0.13	-0.29	-0.16
Net Income / (Loss) Continuing Operations	-1.93	-0.07	-0.03	-0.06	-0.13	-0.15	-0.18	-0.11	-0.07	-0.07	-0.11
Consolidated Net Income / (Loss)	-1.93	-0.07	-0.03	-0.06	-0.13	-0.15	-0.18	-0.11	-0.07	-0.07	-0.11
Non-Cash Adjustments To Reconcile Net Income	-0.07	-0.07	-0.07	-0.10	-0.08	-0.04	-0.01	-0.01	-0.01	-0.01	-0.01
Changes in Operating Assets and Liabilities, net	1.89	0.05	-0.03	-0.19	0.08	-0.12	0.10	-0.11	-0.06	-0.20	-0.04
Net Cash From Investing Activities	0.13	-0.05	-0.05	-0.05	-0.05	4.88	0.00	-	-	0.36	0.00
Net Cash From Continuing Investing Activities	0.13	-0.05	-0.05	-0.05	-0.05	4.88	0.00	-	-	0.36	0.00
Net Cash From Financing Activities	-0.10	0.15	0.19	0.41	0.20	-4.50	0.00	0.23	0.15	-0.11	0.25
Net Cash From Continuing Financing Activities	-0.10	0.15	0.19	0.41	0.20	-4.50	0.00	0.23	0.15	-0.11	0.25
Issuance of Debt	-	-	-	-	0.20	0.24	0.00	-	0.15	0.23	0.25

This table presents Mountain Crest Acquisition Corp. V'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	70	20	5.63	1.31	0.87
Total Current Assets	0.57	0.27	0.02	0.16	0.03
Cash & Equivalents	0.47	0.26	0.02	0.12	0.01
Prepaid Expenses	0.10	0.01	0.00	0.04	0.02
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	69	20	5.61	1.16	0.84
Other Noncurrent Operating Assets	69	20	5.61	1.16	0.84
Total Liabilities & Shareholders' Equity	70	20	5.63	1.31	0.87
Total Liabilities	2.18	2.57	3.35	3.59	3.72
Total Current Liabilities	0.11	0.50	1.28	1.52	1.65
Accounts Payable	0.10	0.32	0.58	0.35	0.27
Current Deferred & Payable Income Tax Liabilities	0.00	0.18	0.29	0.28	0.08
Other Taxes Payable	-	0.00	0.15	0.20	0.00
Other Current Liabilities	-	0.00	0.25	0.69	1.30
Total Noncurrent Liabilities	2.07	2.07	2.07	2.07	2.07
Noncurrent Employee Benefit Liabilities	-	-	2.07	2.07	2.07
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	69	20	5.58	1.16	0.84
Total Equity & Noncontrolling Interests	-1.60	-2.28	-3.30	-3.44	-3.68
Total Preferred & Common Equity	-1.60	-2.28	-3.30	-3.44	-3.68
Total Common Equity	-1.60	-2.28	-3.30	-3.44	-3.68
Common Stock	0.00	0.00	1.95	2.23	2.22
Retained Earnings	-1.60	-2.28	-5.24	-5.67	-5.90

This table presents Mountain Crest Acquisition Corp. V'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	5.52	5.87	5.96	6.07	1.21	1.27	1.27	0.99
Total Current Assets	0.03	0.13	0.09	0.08	0.04	0.09	0.08	0.14
Cash & Equivalents	0.01	0.02	0.02	0.05	0.03	0.03	0.04	0.10
Prepaid Expenses	0.02	0.10	0.07	0.03	0.01	0.06	0.04	0.04
Plant, Property, & Equipment, net	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Noncurrent Assets	5.49	5.74	5.87	5.99	1.17	1.18	1.19	0.85
Other Noncurrent Operating Assets	5.49	5.74	5.87	5.99	1.17	1.18	1.19	0.85
Total Liabilities & Shareholders' Equity	5.52	5.87	5.96	6.07	1.21	1.27	1.27	0.99
Total Liabilities	3.17	3.61	3.17	3.41	3.67	3.84	3.91	3.95
Total Current Liabilities	0.99	1.54	1.10	1.34	1.60	1.77	1.84	1.88
Accounts Payable	0.57	0.64	0.38	0.37	0.41	0.39	0.29	0.25
Current Deferred & Payable Income Tax Liabilities	0.27	0.30	0.32	0.38	0.29	0.25	0.25	0.08
Other Taxes Payable	0.15	0.15	0.15	0.15	0.20	0.21	0.23	0.00
Other Current Liabilities	-	0.44	0.25	0.45	0.69	0.92	1.07	1.55
Total Noncurrent Liabilities	2.17	2.07	2.07	2.07	2.07	2.07	2.07	2.07
Noncurrent Employee Benefit Liabilities	-	-	-	-	-	2.07	2.07	2.07
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	5.48	5.68	5.79	5.86	1.17	1.17	1.17	0.84
Total Equity & Noncontrolling Interests	-3.12	-3.43	-3.00	-3.20	-3.62	-3.73	-3.80	-3.80
Total Preferred & Common Equity	-3.12	-3.43	-3.00	-3.20	-3.62	-3.73	-3.80	-3.80
Total Common Equity	-3.12	-3.43	-3.00	-3.20	-3.62	-3.73	-3.80	-3.80
Common Stock	2.05	1.84	2.34	2.27	2.22	2.22	2.22	2.21
Retained Earnings	-5.18	-5.27	-5.33	-5.47	-5.85	-5.96	-6.02	-6.02

This table displays calculated financial ratios and metrics derived from Mountain Crest Acquisition Corp. V'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	9,025,900.00	3,170,221.00	2,902,004.00	2,873,023.00
DEI Adjusted Shares Outstanding	9,025,900.00	3,170,221.00	2,902,004.00	2,873,023.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.71	-0.13	-0.15
Growth Metrics	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%
EBITDA Growth	0.00%	-255.46%	76.70%	23.72%
EBIT Growth	0.00%	-255.46%	76.70%	23.72%
NOPAT Growth	0.00%	-10,214.76%	76.70%	23.72%
Net Income Growth	0.00%	-50,449.27%	83.37%	-15.14%
EPS Growth	0.00%	-1,025.00%	128.89%	-188.46%
Operating Cash Flow Growth	0.00%	-5.45%	-95.72%	19.45%
Free Cash Flow Firm Growth	0.00%	0.00%	-67.15%	-96.75%
Invested Capital Growth	0.00%	-86.65%	-205.35%	-19.54%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	0.00%	5.60%	-11.05%	18.03%
EBIT Q/Q Growth	0.00%	5.60%	-11.05%	18.03%
NOPAT Q/Q Growth	0.00%	5.60%	-11.05%	18.03%
Net Income Q/Q Growth	0.00%	-9.47%	-29.23%	15.77%
EPS Q/Q Growth	0.00%	-3.45%	471.43%	-264.29%
Operating Cash Flow Q/Q Growth	0.00%	4.87%	-30.73%	3.05%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	739.95%	-97.19%
Invested Capital Q/Q Growth	0.00%	-3.07%	-191.52%	-6.90%
Profitability Metrics	-	-	-	-
Gross Margin	0.00%	0.00%	0.00%	0.00%
EBITDA Margin	0.00%	0.00%	0.00%	0.00%
Operating Margin	0.00%	0.00%	0.00%	0.00%
EBIT Margin	0.00%	0.00%	0.00%	0.00%
Profit (Net Income) Margin	0.00%	0.00%	0.00%	0.00%
Tax Burden Percent	2.41%	104.71%	113.97%	102.11%
Interest Burden Percent	-24.81%	80.97%	53.12%	89.50%
Effective Tax Rate	97.59%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.01%	-23.02%	-13,402.08%	16.82%
Cash Return on Invested Capital (CROIC)	0.00%	133.61%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	0.00%	0.00%	0.00%
Return on Assets (ROA)	0.00%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	0.00%	6.56%	16,159,051.73%	23.39%
Return on Equity Simple (ROE_SIMPLE)	-0.20%	68.27%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.02	-1.86	-0.43	-0.33
NOPAT Margin	0.00%	0.00%	0.00%	0.00%
Net Nonoperating Expense Percent (NNEP)	8.67%	-290.94%	91.99%	-156.98%
Return On Investment Capital (ROIC_SIMPLE)	-	56.37%	12.58%	8.96%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	0.00%	0.00%	0.00%	0.00%
Earnings before Interest and Taxes (EBIT)	-0.75	-2.65	-0.62	-0.47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-0.75	-2.65	-0.62	-0.47
Valuation Ratios	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	20,298.69	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	6.47	17.34	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00
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	3.06	7.72	233.89
Leverage & Solvency	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00
Financial Leverage	-0.02	-0.01	-22.76	0.03
Leverage Ratio	1.06	1.30	1,242.59	-0.43
Compound Leverage Factor	-0.26	1.05	660.10	-0.38
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%
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	113.19%	244.48%	-51.13%	-29.33%
Common Equity to Total Capital	-13.19%	-144.48%	151.13%	129.33%
Debt to EBITDA	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00
Altman Z-Score	20.88	2.93	-3.55	-8.42
Noncontrolling Interest Sharing Ratio	104.58%	128.51%	120,671.26%	-39.01%
Liquidity Ratios	-	-	-	-
Current Ratio	0.54	0.01	0.10	0.02
Quick Ratio	0.52	0.01	0.08	0.01
Cash Flow Metrics	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	13	4.23	0.14
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	2,305.90	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	-84.24	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-84.24	0.00	0.00
Efficiency Ratios	-	-	-	-
Asset Turnover	0.00	0.00	0.00	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00
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	0.00
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	0.00
Capital & Investment Metrics	-	-	-	-
Invested Capital	17	2.27	-2.39	-2.86
Invested Capital Turnover	0.00	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	0.00	-15	-4.66	-0.47
Enterprise Value (EV)	110	39	33	32
Market Capitalization	91	34	32	31
Book Value per Share	($0.25)	($1.04)	($1.19)	($1.28)
Tangible Book Value per Share	($0.25)	($1.04)	($1.19)	($1.28)
Total Capital	17	2.28	-2.28	-2.85
Total Debt	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00
Net Debt	-0.26	-0.02	-0.12	-0.01
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-0.49	-1.28	-1.48	-1.63
Debt-free Net Working Capital (DFNWC)	-0.23	-1.26	-1.36	-1.62
Net Working Capital (NWC)	-0.23	-1.26	-1.36	-1.62
Net Nonoperating Expense (NNE)	-0.02	0.39	-0.06	0.10
Net Nonoperating Obligations (NNO)	-0.26	-0.01	-0.12	-0.01
Total Depreciation and Amortization (D&A)	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%
Debt-free Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%
Net Working Capital to Revenue	0.00%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-
Adjusted Basic Earnings per Share	($0.16)	($0.90)	$0.26	($0.23)
Adjusted Weighted Average Basic Shares Outstanding	4.06M	2.28M	2.90M	2.87M
Adjusted Diluted Earnings per Share	($0.16)	($0.90)	$0.26	($0.23)
Adjusted Weighted Average Diluted Shares Outstanding	4.06M	2.28M	2.90M	2.87M
Adjusted Basic & Diluted Earnings per Share	($0.16)	($0.90)	$0.26	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	8.81M	2.28M	3.21M	2.90M
Normalized Net Operating Profit after Tax (NOPAT)	-0.52	-1.86	-0.43	-0.33
Normalized NOPAT Margin	0.00%	0.00%	0.00%	0.00%
Pre Tax Income Margin	0.00%	0.00%	0.00%	0.00%
Debt Service Ratios	-	-	-	-
EBIT to Interest Expense	0.00	-475.21	0.00	0.00
NOPAT to Interest Expense	0.00	-332.64	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-475.21	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-332.64	0.00	0.00
Payout Ratios	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	1,121,213.31%	0.00%	-1,264.97%	-77.82%

This table displays calculated financial ratios and metrics derived from Mountain Crest Acquisition Corp. V'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	2,654,874.00	3,170,221.00	3,170,221.00	3,170,221.00	3,320,221.00	2,902,004.00	2,902,004.00	2,902,004.00	2,902,004.00	2,873,023.00	2,873,023.00
DEI Adjusted Shares Outstanding	2,654,874.00	3,170,221.00	3,170,221.00	3,170,221.00	3,320,221.00	2,902,004.00	2,902,004.00	2,902,004.00	2,902,004.00	2,873,023.00	2,873,023.00
DEI Earnings Per Adjusted Shares Outstanding	-0.73	-0.02	-0.01	-0.02	-0.04	-0.05	-0.06	-0.04	-0.02	-0.03	-0.04
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Growth	-842.22%	55.59%	61.61%	54.95%	89.83%	-48.92%	-128.28%	17.04%	62.15%	55.39%	37.22%
EBIT Growth	-842.22%	55.59%	61.61%	54.95%	89.83%	-48.92%	-128.28%	17.04%	62.15%	55.39%	37.22%
NOPAT Growth	-1,488.81%	41.35%	61.61%	54.95%	89.83%	-48.92%	-128.28%	17.04%	62.15%	55.39%	37.22%
Net Income Growth	-4,740.95%	-154.61%	41.07%	68.66%	93.23%	-123.19%	-610.26%	-71.19%	49.20%	52.61%	37.16%
EPS Growth	-3,500.00%	-75.00%	-300.00%	200.00%	91.67%	471.43%	-150.00%	-140.00%	66.67%	-142.31%	70.00%
Operating Cash Flow Growth	-131.15%	20.53%	30.57%	-344.86%	-12.77%	-232.04%	31.94%	35.01%	-8.97%	7.53%	-85.77%
Free Cash Flow Firm Growth	194.42%	0.00%	-69.40%	-100.59%	-100.65%	-69.06%	-69.61%	1,486.70%	1,368.39%	-90.97%	-89.32%
Invested Capital Growth	-96.51%	-86.65%	-87.14%	11.20%	11.58%	-205.35%	-211.00%	-193.61%	-202.34%	-19.54%	-23.10%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	-516.91%	93.67%	33.40%	-73.36%	-39.23%	7.35%	-2.09%	37.00%	36.48%	-9.19%	-43.66%
EBIT Q/Q Growth	-516.91%	93.67%	33.40%	-73.36%	-39.23%	7.35%	-2.09%	37.00%	36.48%	-9.19%	-43.66%
NOPAT Q/Q Growth	-516.91%	93.67%	33.40%	-73.36%	-39.23%	7.35%	-2.09%	37.00%	36.48%	-9.19%	-43.66%
Net Income Q/Q Growth	-837.80%	96.44%	62.86%	-152.93%	-102.61%	-17.26%	-18.20%	39.04%	39.88%	-9.40%	-56.71%
EPS Q/Q Growth	-620.00%	90.28%	42.86%	350.00%	-160.00%	533.33%	-138.46%	33.33%	50.00%	-450.00%	72.73%
Operating Cash Flow Q/Q Growth	-35.68%	14.52%	-39.68%	-174.59%	65.61%	-151.69%	71.37%	-162.21%	42.33%	-113.58%	42.48%
Free Cash Flow Firm Q/Q Growth	-1.46%	-76.88%	3.11%	-102.52%	-8.44%	1,197.92%	1.27%	15.01%	-0.81%	-92.19%	19.79%
Invested Capital Q/Q Growth	-5.94%	-3.07%	-1.42%	23.73%	-5.62%	-191.52%	-3.87%	-4.34%	-3.17%	-6.90%	-6.96%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	0.00%	0.00%	0.00%	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%	0.00%	0.00%	0.00%
Operating Margin	0.00%	0.00%	0.00%	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%	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%	0.00%	0.00%	0.00%
Tax Burden Percent	100.72%	127.50%	227.22%	145.23%	104.15%	104.26%	101.27%	102.12%	103.58%	102.87%	101.17%
Interest Burden Percent	96.51%	42.87%	13.42%	30.63%	62.15%	78.58%	93.66%	89.88%	83.87%	84.61%	93.84%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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%	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%	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%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-5.91%	-23.02%	-22.92%	-82.39%	-11.56%	-13,402.08%	526.80%	-515.67%	-3,913.66%	16.82%	13.42%
Cash Return on Invested Capital (CROIC)	0.00%	133.61%	136.44%	-72.95%	-26.67%	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%	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%	0.00%	0.00%	0.00%
Return on Common Equity (ROCE)	0.43%	6.56%	7.30%	101.18%	14.58%	16,159,051.73%	18,455.00%	15,526.98%	1,046,961.25%	23.39%	18.39%
Return on Equity Simple (ROE_SIMPLE)	65.82%	0.00%	65.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.39	-0.09	-0.06	-0.10	-0.14	-0.13	-0.13	-0.08	-0.05	-0.06	-0.08
NOPAT Margin	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Nonoperating Expense Percent (NNEP)	-652.36%	14.30%	-41.30%	-40.17%	40.02%	-35.13%	-210.67%	-113.10%	-29.60%	-22.15%	-47.89%
Return On Investment Capital (ROIC_SIMPLE)	-	2.67%	1.71%	3.39%	4.43%	3.81%	3.69%	2.26%	1.41%	1.59%	2.21%
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%	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%	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%	0.00%	0.00%	0.00%
Earnings before Interest and Taxes (EBIT)	-1.99	-0.13	-0.08	-0.15	-0.20	-0.19	-0.19	-0.12	-0.08	-0.08	-0.12
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1.99	-0.13	-0.08	-0.15	-0.20	-0.19	-0.19	-0.12	-0.08	-0.08	-0.12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	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	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	0.00	0.00	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	14.40	17.34	17.66	14.61	16.34	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	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	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	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	3.06	2.95	0.00	0.00	7.72	7.77	6.72	6.70	233.89	109.14
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
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
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	0.00	-0.01	0.01	0.04	-0.01	-22.76	0.22	-0.21	-3.33	0.03	0.02
Leverage Ratio	1.08	1.30	1.34	2.29	2.31	1,242.59	-35.16	32.34	280.83	-0.43	-0.41
Compound Leverage Factor	1.04	0.56	0.18	0.70	1.44	976.40	-32.93	29.07	235.53	-0.36	-0.38
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%
Short-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%
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	232.90%	244.48%	251.93%	207.28%	220.07%	-51.13%	-47.47%	-45.41%	-44.32%	-29.33%	-28.32%
Common Equity to Total Capital	-132.90%	-144.48%	-151.93%	-107.28%	-120.07%	151.13%	147.47%	145.41%	144.32%	129.33%	128.32%
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
Net 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
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	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net 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
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	2.65	4.42	4.04	5.04	4.87	-2.47	-3.65	-3.52	-3.63	-6.95	-6.30
Noncontrolling Interest Sharing Ratio	107.34%	128.51%	131.87%	222.81%	226.09%	120,671.26%	-3,403.23%	3,111.05%	26,851.47%	-39.01%	-37.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.03	0.01	0.08	0.09	0.06	0.10	0.03	0.05	0.04	0.02	0.07
Quick Ratio	0.01	0.01	0.02	0.02	0.03	0.08	0.02	0.01	0.02	0.01	0.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	63	15	15	-0.38	-0.41	4.53	4.59	5.28	5.24	0.41	0.49
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	30,560.17	10,029.77	14,321.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	-52.64	-63.87	-123.55	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-52.64	-63.87	-123.55	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	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	0.00	0.00	0.00
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	0.00	0.00
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	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2.34	2.27	2.24	2.77	2.62	-2.39	-2.49	-2.59	-2.68	-2.86	-3.06
Invested Capital Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Increase / (Decrease) in Invested Capital	-65	-15	-15	0.28	0.27	-4.66	-4.73	-5.36	-5.29	-0.47	-0.57
Enterprise Value (EV)	34	39	40	40	43	33	33	33	33	32	32
Market Capitalization	28	34	34	35	37	32	32	32	32	31	31
Book Value per Share	($1.18)	($1.04)	($1.08)	($0.94)	($0.96)	($1.19)	($1.25)	($1.29)	($1.31)	($1.28)	($1.32)
Tangible Book Value per Share	($1.18)	($1.04)	($1.08)	($0.94)	($0.96)	($1.19)	($1.25)	($1.29)	($1.31)	($1.28)	($1.32)
Total Capital	2.35	2.28	2.26	2.79	2.66	-2.28	-2.46	-2.57	-2.63	-2.85	-2.96
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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	-0.01	-0.02	-0.02	-0.02	-0.05	-0.12	-0.03	-0.03	-0.04	-0.01	-0.10
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)	-0.98	-1.28	-1.44	-1.03	-1.31	-1.48	-1.59	-1.71	-1.80	-1.63	-1.84
Debt-free Net Working Capital (DFNWC)	-0.96	-1.26	-1.41	-1.00	-1.26	-1.36	-1.56	-1.68	-1.76	-1.62	-1.74
Net Working Capital (NWC)	-0.96	-1.26	-1.41	-1.00	-1.26	-1.36	-1.56	-1.68	-1.76	-1.62	-1.74
Net Nonoperating Expense (NNE)	0.54	-0.02	-0.03	-0.04	-0.01	0.02	0.05	0.03	0.01	0.01	0.03
Net Nonoperating Obligations (NNO)	-0.01	-0.01	-0.02	-0.02	-0.05	-0.12	-0.03	-0.03	-0.04	-0.01	-0.10
Total Depreciation and Amortization (D&A)	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 to Revenue	0.00%	0.00%	0.00%	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%	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%	0.00%	0.00%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.72)	($0.07)	$0.12	($0.05)	($0.06)	$0.26	($0.06)	($0.04)	($0.02)	($0.11)	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	3.17M	2.28M	2.65M	2.77M	2.90M	458.76K	2.90M	2.90M	2.87M	2.87M	2.87M
Adjusted Diluted Earnings per Share	($0.72)	($0.07)	$0.12	($0.05)	($0.06)	$0.26	($0.06)	($0.04)	($0.02)	($0.11)	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	3.17M	2.28M	2.65M	2.77M	2.90M	458.76K	2.90M	2.90M	2.87M	2.87M	2.87M
Adjusted Basic & Diluted Earnings per Share	($0.72)	($0.07)	$0.12	($0.05)	($0.06)	$0.00	($0.06)	($0.04)	($0.02)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	2.23M	2.28M	2.65M	2.77M	2.80M	458.76K	2.80M	2.80M	2.80M	2.90M	2.87M
Normalized Net Operating Profit after Tax (NOPAT)	-1.39	-0.09	-0.06	-0.10	-0.14	-0.13	-0.13	-0.08	-0.05	-0.06	-0.08
Normalized NOPAT Margin	0.00%	0.00%	0.00%	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%	0.00%	0.00%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-958.83	-86.10	-79.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-671.18	-60.27	-55.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-958.83	-86.10	-79.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-671.18	-60.27	-55.58	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%	-1,264.97%	0.00%	0.00%	0.00%	-77.82%	0.00%

Financials Breakdown Chart

Key Financial Trends

Mountain Crest Acquisition Corp. V (NASDAQ: MCAG) continues to look like a blank-check/SPAC-style balance sheet rather than an operating business, with no revenue reported across the periods provided. The company has generated recurring quarterly losses, while cash has been supported at times by debt issuance and other financing activity.

What stands out from the last several quarters:

Cash and equivalents improved to $97.1 thousand in Q1 2026, up from $41.2 thousand in Q3 2025 and $25.3 thousand in Q2 2025.
Q1 2026 financing provided a $250 thousand debt issuance, which helped offset operating cash burn.
Operating losses have moderated versus earlier periods, with Q1 2026 net loss of $114.0 thousand versus $181.4 thousand in Q1 2025.
Quarterly SG&A has come down materially from $191.2 thousand in Q1 2025 to $120.0 thousand in Q1 2026.
Interest and investment income remains a meaningful offset to overhead, helping reduce pretax losses in several quarters.
The company still reported $0 revenue in every quarter provided, so there is no evidence of operating sales growth yet.
Redeemable noncontrolling interest remains significant, at $839.2 thousand in Q1 2026, reflecting a complex capital structure.
Total assets were $986.6 thousand in Q1 2026, down sharply from $1.27 million in Q3 2025 and far below the $6.07 million level seen in Q3 2024, likely reflecting structural changes in the balance sheet.
MCAG has negative shareholder equity of $3.8 million in Q1 2026, which is a major balance sheet weakness.
Total liabilities of $3.95 million far exceed total assets, leaving the company in an insolvent equity position on a book-value basis.
Operating cash flow remains deeply negative, with -$164.8 thousand in Q1 2026 and -$232.6 thousand in Q2 2025.
The company has relied on repeated borrowing and other financing activity to stay afloat, including debt issuances in multiple quarters.
Losses have been persistent for years, including a much larger $1.93 million net loss in Q3 2023.

Bottom line: MCAG shows some improvement in quarterly losses and cash balance, but the larger story is still a company with no revenue, ongoing cash burn, and deeply negative equity. For retail investors, that usually means the stock remains highly speculative and dependent on future capital events rather than operating fundamentals.

07/21/26 02:38 AM ETAI Generated. May Contain Errors.

Mountain Crest Acquisition Corp. V Financials - Frequently Asked Questions

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

Mountain Crest Acquisition Corp. V's net income appears to be on a downward trend, with a most recent value of -$431.16 thousand in 2025, falling from $4.47 thousand in 2022. The previous period was -$374.45 thousand in 2024.

Mountain Crest Acquisition Corp. V's total operating income in 2025 was -$471.78 thousand, based on the following breakdown:

Total Gross Profit: $0.00
Total Operating Expenses: $471.78 thousand

Over the last 3 years, Mountain Crest Acquisition Corp. V's total revenue changed from $0.00 in 2022 to $0.00 in 2025, a change of 0.0%.

Mountain Crest Acquisition Corp. V's total liabilities were at $3.72 million at the end of 2025, a 3.7% increase from 2024, and a 71.1% increase since 2021.

In the past 4 years, Mountain Crest Acquisition Corp. V's cash and equivalents has ranged from $11.91 thousand in 2025 to $474.54 thousand in 2021, and is currently $11.91 thousand as of their latest financial filing in 2025.

Over the last 3 years, Mountain Crest Acquisition Corp. V's book value per share changed from -0.25 in 2022 to -1.28 in 2025, a change of 408.3%.

Related Companies

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

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Mountain Crest Acquisition Corp. V (MCAG) Financials

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Mountain Crest Acquisition Corp. V (MCAG) Financials

Annual Income Statements for Mountain Crest Acquisition Corp. V

Quarterly Income Statements for Mountain Crest Acquisition Corp. V

Annual Cash Flow Statements for Mountain Crest Acquisition Corp. V

Quarterly Cash Flow Statements for Mountain Crest Acquisition Corp. V

Annual Balance Sheets for Mountain Crest Acquisition Corp. V

Quarterly Balance Sheets for Mountain Crest Acquisition Corp. V

Annual Metrics And Ratios for Mountain Crest Acquisition Corp. V

Quarterly Metrics And Ratios for Mountain Crest Acquisition Corp. V

Financials Breakdown Chart

Key Financial Trends

Mountain Crest Acquisition Corp. V Financials - Frequently Asked Questions

When does Mountain Crest Acquisition Corp. V's financial year end?

How has Mountain Crest Acquisition Corp. V's net income changed over the last 3 years?

What is Mountain Crest Acquisition Corp. V's operating income?

How has Mountain Crest Acquisition Corp. V's revenue changed over the last 3 years?

How much debt does Mountain Crest Acquisition Corp. V have?

How much cash does Mountain Crest Acquisition Corp. V have?

How has Mountain Crest Acquisition Corp. V's book value per share changed over the last 3 years?

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