BRLI · Brilliant 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 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.65M | - | - | - | - | - | $175.2K | $259.8K | $5.38M | - |
| Cost of Revenue | $3.28M | - | - | - | - | - | $49.7K | $63.2K | $5.43M | - |
| Gross Profit | $371.0K | - | - | - | - | - | ($158.0K) | $196.6K | $458.7K | - |
| R&D | $274.0K | - | - | - | - | - | - | - | - | - |
| SG&A | $3.53M | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $4.18M | - | $4.77M | $1.05M | $1.51M | - | $1.05M | $2.62M | $9.41M | $116.7K |
| D&A | $22.0K | - | - | - | $299 | - | - | - | - | - |
| Operating Income | ($3.81M) | - | ($4.77M) | ($1.05M) | ($1.51M) | - | ($1.39M) | ($2.42M) | ($8.95M) | ($116.7K) |
| Interest Expense | $354.0K | - | $303.6K | $19.7K | $164.6K | - | - | $10.3K | $7.4K | - |
| Income Tax | $38.0K | - | - | - | - | - | - | - | - | - |
| Net Income | ($27.15M) | - | $4.46M | $3.02M | $102.96M | - | ($8.93M) | ($2.43M) | ($8.93M) | ($126.1K) |
| EPS - Basic | ($1.01) | - | ($2.02) | $0.58 | $20.76 | - | ($0.11) | ($0.17) | ($0.85) | ($0.07) |
| EPS - Diluted | ($1.14) | - | $2.18 | $0.54 | $18.15 | - | ($0.11) | ($0.17) | ($0.11) | ($0.07) |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $6.43M | $2.63M | $7.61M | $1.52M | $4.46M | $6.90M | $3.7K | $246.7K | $204.1K | $4.61M |
| Accounts Receivable | $3.64M | $506.0K | - | - | - | - | - | - | - | - |
| Inventory | $3.50M | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $2.48M | $124.0K | $87.4K | $97.2K | $18.3K | $69.6K | $448.3K | $310.4K | $296.2K | $138.7K |
| Current Assets | $22.81M | $13.55M | $13.12M | $6.96M | $8.46M | $9.09M | $965.7K | $808.3K | $1.96M | $4.61M |
| Total Assets | $315.49M | $202.39M | $13.29M | $7.15M | $8.60M | $9.11M | $985.0K | $1.23M | $2.38M | $4.61M |
| Current Liabilities | $91.63M | $43.55M | $43.63M | $60.42M | $64.71M | $171.45M | $7.07M | $11.79M | $11.62M | $4.65M |
| Long-term Debt | $3.08M | - | $1.57M | $1.57M | $1.57M | $1.57M | $3.31M | - | - | - |
| Total Liabilities | $98.39M | $45.19M | $43.71M | $60.53M | $65.82M | $172.46M | $8.08M | $12.75M | $12.33M | $4.67M |
| Stockholders' Equity | $36.16M | ($19.79M) | ($30.42M) | ($53.38M) | ($57.22M) | ($163.35M) | ($7.10M) | ($11.52M) | ($6.19M) | ($4.67M) |
| Retained Earnings | ($149.67M) | ($122.53M) | ($111.46M) | ($95.10M) | ($98.12M) | ($201.08M) | ($40.29M) | ($47.37M) | ($44.94M) | ($8.55M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($4.93M) | - | - | - | ($1.12M) | - | - | - | $5.83M | - |
| Investing Cash Flow | ($3.82M) | - | - | - | ($810.2K) | - | - | - | ($67.8K) | - |
| Financing Cash Flow | $12.48M | - | - | - | $920.7K | - | - | - | $746.2K | - |
| CapEx | $154.0K | - | - | - | $10.2K | - | - | - | - | - |
| Free Cash Flow | ($5.08M) | - | - | - | ($1.13M) | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 10.2% | - | - | - | - | - | -90.2% | 75.7% | 8.5% | - |
| Operating margin | -104.3% | - | - | - | - | - | -794.3% | -931.6% | -166.4% | - |
| EBITDA margin | -103.7% | - | - | - | - | - | - | - | - | - |
| Net margin | -743.1% | - | - | - | - | - | -5095.5% | -935.3% | -166.1% | - |
| Free cash flow margin | -139.1% | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.19 | - | - | - | -0.01 | - | - | - | - | - |
| R&D / Revenue | 7.5% | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 96.6% | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -8.6% | - | 33.5% | 42.2% | 1196.9% | - | -906.4% | -198.2% | -374.9% | -2.7% |
| Return on equity | -75.1% | - | -14.6% | -5.7% | -179.9% | - | 125.8% | 21.1% | 144.2% | 2.7% |
| Return on invested capital | -7.7% | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.25 | 0.31 | 0.30 | 0.12 | 0.13 | 0.05 | 0.14 | 0.07 | 0.17 | 0.99 |
| Quick ratio | 0.21 | 0.31 | 0.30 | 0.12 | 0.13 | 0.05 | 0.14 | 0.07 | 0.17 | 0.99 |
| Cash ratio | 0.07 | 0.06 | 0.17 | 0.03 | 0.07 | 0.04 | 0.00 | 0.02 | 0.02 | 0.99 |
| Leverage | ||||||||||
| Debt / Equity | 0.09 | - | -0.05 | -0.03 | -0.03 | -0.01 | -0.47 | - | - | - |
| Debt / Assets | 0.01 | - | 0.12 | 0.22 | 0.18 | 0.17 | 3.36 | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -10.8x | - | -15.7x | -53.2x | -9.2x | - | - | -233.8x | -1205.5x | - |
| Equity multiplier | 8.72 | -10.23 | -0.44 | -0.13 | -0.15 | -0.06 | -0.14 | -0.11 | -0.38 | -0.99 |
| Liabilities / Assets | 0.31 | 0.22 | 3.29 | 8.47 | 7.65 | 18.93 | 8.21 | 10.40 | 5.18 | 1.01 |
| Efficiency | ||||||||||
| Asset turnover | 0.01 | - | - | - | - | - | 0.18 | 0.21 | 2.26 | - |
| Inventory turnover | 0.94 | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 364d | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | 389d | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 276d | - | - | - | - | - | 3290d | 1793d | 20d | - |
| Cash conversion cycle | 477d | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -152.9% | - | -242.9% | 56.7% | 83.2% | - | -1092.8% | -1855.5% | -11315.0% | 23.9% |
| Net income growth (YoY) | - | - | - | - | - | - | -6982.3% | -1885.4% | -11157.8% | 78.2% |
| EPS growth (YoY) | - | - | - | - | - | - | -57.1% | -183.3% | -175.0% | 46.2% |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -348.5% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | - | 87.9% | -328.6% | -363.2% | -823.9% | - | -52.0% | -159.2% | -51.6% | -17.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-09-30.
Product / service
$10.71M totalGeneral Services Agreement$4.80M · 44.8%
General Support Services$4.80M · 44.8%
Financial Service$1.11M · 10.4%
Geographic
$5.91M totalMT$4.80M · 81.2%
Rest Of The World$1.11M · 18.8%
Peer comparison
Same SIC group: Services-Management Consulting Services
Comparing Brilliant Acquisition Corp against the 5 most active filers in the same SIC group.