Patricia Acquisition Corp. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.98M | - | $687.0K | $642.0K | $946.7K | - | $221.6K | $468.4K | $946.7K | - |
| Cost of Revenue | $11.98M | - | $5.07M | $3.50M | $352.4K | - | $572.5K | $326.0K | $352.4K | - |
| Gross Profit | ($9.00M) | - | ($4.38M) | ($2.86M) | ($1.47M) | - | ($155.7K) | ($329.4K) | $594.3K | - |
| R&D | $19.04M | - | $13.41M | $9.12M | $6.88M | - | $5.01M | $2.13M | $6.64M | - |
| SG&A | $14.92M | - | $13.15M | $8.08M | $4.75M | - | $1.98M | $1.87M | $1.01M | - |
| Total Operating Expenses | $42.78M | - | $30.44M | $19.79M | $13.54M | - | $8.29M | $8.70M | $8.31M | - |
| D&A | $475.0K | - | $1.10M | $794.0K | $474.6K | - | $465.6K | $465.6K | $17.9K | - |
| Operating Income | ($51.78M) | - | ($34.82M) | ($22.64M) | ($15.00M) | - | ($8.45M) | ($8.56M) | ($7.71M) | - |
| Interest Expense | $0 | - | $34.0K | $0 | $1.34M | - | $0 | $15.9K | $1.33M | - |
| Income Tax | ($648.0K) | - | $0 | $0 | $0 | - | $0 | $0 | - | - |
| Net Income | ($49.00M) | - | ($33.02M) | ($20.85M) | ($13.22M) | - | ($8.00M) | ($9.04M) | ($9.04M) | - |
| EPS - Basic | ($0.65) | - | ($0.54) | ($0.36) | ($0.23) | - | ($0.20) | ($0.27) | ($0.37) | - |
| EPS - Diluted | ($0.65) | - | ($0.54) | ($0.36) | ($0.23) | - | ($0.20) | ($0.27) | ($0.37) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $47.11M | $106.24M | $116.84M | $116.70M | $197.76M | $123.27M | $50.91M | $28.78M | $427.5K | $6.8K |
| Accounts Receivable | $3.94M | $851.0K | $805.0K | $656.0K | $381.5K | $86.8K | $13.1K | $93.1K | $266.0K | $3.0K |
| Inventory | - | $0 | $0 | $0 | $0 | $309.7K | $327.4K | $709.3K | $736.5K | $774.3K |
| Accounts Payable | $5.70M | $5.01M | $7.75M | $2.53M | $3.65M | $4.90M | $3.61M | $1.39M | $1.73M | $2.05M |
| Current Assets | $201.13M | $241.07M | $219.70M | $186.53M | $199.97M | $125.25M | $54.89M | $30.88M | $3.03M | $1.46M |
| Total Assets | $340.80M | $367.75M | $299.10M | $214.31M | $216.59M | $139.60M | $61.47M | $32.77M | $4.25M | $2.80M |
| Current Liabilities | $19.73M | $13.30M | $12.76M | $5.69M | $5.26M | $6.81M | $5.15M | $4.27M | $12.79M | $6.24M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $23.01M | $17.01M | $15.24M | $7.11M | $6.43M | $7.92M | $5.29M | $4.30M | $13.05M | $6.84M |
| Stockholders' Equity | $317.79M | $350.74M | $283.86M | $207.21M | $210.16M | $131.68M | $56.18M | $28.46M | ($8.81M) | ($4.03M) |
| Retained Earnings | ($257.89M) | ($208.89M) | ($174.61M) | ($141.59M) | ($120.74M) | ($107.53M) | ($94.41M) | ($86.41M) | ($77.37M) | ($68.33M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($41.42M) | - | - | - | ($9.46M) | - | - | - | ($4.08M) | - |
| Investing Cash Flow | ($19.61M) | - | - | - | ($3.30M) | - | - | - | ($3.3K) | - |
| Financing Cash Flow | $1.91M | - | - | - | $87.26M | - | - | - | $4.50M | - |
| CapEx | $1.44M | - | - | - | $3.46M | - | - | - | $3.3K | - |
| Free Cash Flow | ($42.87M) | - | - | - | ($12.92M) | - | - | - | ($4.08M) | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -301.6% | - | -637.4% | -445.3% | -155.1% | - | -70.3% | -70.3% | 62.8% | - |
| Operating margin | -1735.3% | - | -5067.8% | -3527.1% | -1584.9% | - | -3811.7% | -1826.7% | -814.6% | - |
| EBITDA margin | -1719.4% | - | -4907.7% | -3403.4% | -1534.8% | - | -3601.6% | -1727.3% | -812.7% | - |
| Net margin | -1642.2% | - | -4806.4% | -3247.7% | -1396.0% | - | -3609.1% | -1929.5% | -954.7% | - |
| Free cash flow margin | -1436.5% | - | - | - | -1365.1% | - | - | - | -431.1% | - |
| FCF / Net income | 0.87 | - | - | - | 0.98 | - | - | - | 0.45 | - |
| R&D / Revenue | 638.0% | - | 1952.5% | 1420.6% | 726.7% | - | 2260.4% | 453.8% | 701.2% | - |
| SG&A / Revenue | 499.9% | - | 1914.6% | 1258.3% | 501.7% | - | 893.7% | 400.0% | 106.5% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -14.4% | - | -11.0% | -9.7% | -6.1% | - | -13.0% | -27.6% | -212.8% | - |
| Return on equity | -15.4% | - | -11.6% | -10.1% | -6.3% | - | -14.2% | -31.8% | 102.6% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 10.19 | 18.13 | 17.21 | 32.79 | 38.03 | 18.40 | 10.65 | 7.24 | 0.24 | 0.23 |
| Quick ratio | 10.19 | 18.13 | 17.21 | 32.79 | 38.03 | 18.36 | 10.58 | 7.07 | 0.18 | 0.11 |
| Cash ratio | 2.39 | 7.99 | 9.15 | 20.51 | 37.61 | 18.11 | 9.88 | 6.74 | 0.03 | 0.00 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | -1024.0x | - | -11.2x | - | - | -539.5x | -5.8x | - |
| Equity multiplier | 1.07 | 1.05 | 1.05 | 1.03 | 1.03 | 1.06 | 1.09 | 1.15 | -0.48 | -0.70 |
| Liabilities / Assets | 0.07 | 0.05 | 0.05 | 0.03 | 0.03 | 0.06 | 0.09 | 0.13 | 3.07 | 2.44 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | 0.01 | 0.22 | - |
| Inventory turnover | - | - | - | - | - | - | 1.75 | 0.46 | 0.48 | - |
| Days sales outstanding | 482d | - | 428d | 373d | 147d | - | 22d | 73d | 103d | - |
| Days inventory outstanding | - | - | 0d | 0d | 0d | - | 209d | 794d | 763d | - |
| Days payable outstanding | 174d | - | 558d | 264d | 3785d | - | 2299d | 1553d | 1787d | - |
| Cash conversion cycle | - | - | -131d | 109d | -3638d | - | -2069d | -687d | -921d | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 215.2% | - | 210.1% | 37.1% | 0.0% | - | 564.7% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -513.0% | - | -2711.6% | -768.1% | - | - | 49.5% | - | - | - |
| Operating income growth (YoY) | -245.1% | - | -312.3% | -164.7% | -94.6% | - | -51.4% | -47860.6% | -67061.2% | - |
| Net income growth (YoY) | -270.8% | - | -312.9% | -130.7% | -46.2% | - | -4.6% | -50560.7% | -78614.3% | - |
| EPS growth (YoY) | -182.6% | - | -170.0% | -33.3% | 37.8% | - | 51.2% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -231.7% | - | - | - | -216.6% | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 51.2% | 166.4% | 405.3% | 628.0% | - | - | 2271.5% | - | -6421.8% | -3164.8% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$2.65M totalFleet Services$1.62M · 61.2%
Software Services$1.03M · 38.8%
Peer comparison
Same SIC group: General Industrial Machinery & Equipment, NEC
Comparing Patricia Acquisition Corp. against the 5 most active filers in the same SIC group.