IGTA · Inception Growth Acquisition Ltd - 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 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | $290.5K | $503.8K | $166.3K | - | $209.2K | $203.8K | $254.5K | - | $423.2K |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | - | ($209.2K) | ($203.8K) | ($166.3K) | - | ($21.4K) | $173.5K | ($254.5K) | - | - |
| Interest Expense | - | - | - | - | - | - | - | $50.0K | - | - |
| Income Tax | - | - | - | - | - | ($22.2K) | $39.4K | $38.1K | - | $125.9K |
| Net Income | - | ($267.9K) | ($470.5K) | ($128.4K) | - | $814 | $134.1K | $128.0K | - | $62.3K |
| EPS - Basic | - | - | - | - | - | - | - | - | - | $0.04 |
| EPS - Diluted | - | - | - | - | - | $0.10 | - | - | - | $0.04 |
Balance Sheet
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $819 | $9.1K | $59.1K | $2.8K | $4.3K | $11.3K | $83.7K | $44.2K | $60.4K | $257.2K |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $55.7K | $64.7K | $116.6K | $2.8K | $4.3K | $31.5K | $136.7K | $44.2K | $60.4K | $274.7K |
| Total Assets | $2.30M | $2.27M | $2.25M | $3.68M | $3.61M | $14.74M | $14.50M | $32.82M | $32.12M | $47.91M |
| Current Liabilities | $5.08M | $4.90M | $4.62M | $4.33M | $4.13M | $3.63M | $3.40M | $2.62M | $2.05M | $18.16M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $7.33M | $7.15M | $6.87M | $6.58M | $6.38M | $5.88M | $5.65M | $4.87M | $4.30M | $20.75M |
| Stockholders' Equity | ($7.28M) | ($7.09M) | ($6.76M) | ($6.58M) | ($6.38M) | ($5.85M) | ($5.51M) | ($4.83M) | ($4.24M) | ($4.34M) |
| Retained Earnings | ($7.28M) | ($7.09M) | ($6.76M) | ($6.58M) | ($6.38M) | ($5.85M) | ($5.51M) | ($4.83M) | ($4.24M) | ($4.34M) |
Cash Flow
| Line item | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | ($60.1K) | - | - | - | ($376.2K) | - | - |
| Investing Cash Flow | - | - | - | ($33.6K) | - | - | - | ($300.0K) | - | - |
| Financing Cash Flow | - | - | - | $92.2K | - | - | - | $660.0K | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | - | 22.7% | 22.9% | - | 66.9% |
| Return on assets | - | -11.8% | -20.9% | -3.5% | - | 0.0% | 0.9% | 0.4% | - | 0.1% |
| Return on equity | - | 3.8% | 7.0% | 2.0% | - | -0.0% | -2.4% | -2.7% | - | -1.4% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.01 | 0.01 | 0.03 | 0.00 | 0.00 | 0.01 | 0.04 | 0.02 | 0.03 | 0.02 |
| Quick ratio | 0.01 | 0.01 | 0.03 | 0.00 | 0.00 | 0.01 | 0.04 | 0.02 | 0.03 | 0.02 |
| Cash ratio | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.03 | 0.01 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | -5.1x | - | - |
| Equity multiplier | -0.32 | -0.32 | -0.33 | -0.56 | -0.57 | -2.52 | -2.63 | -6.80 | -7.58 | -11.05 |
| Liabilities / Assets | 3.18 | 3.16 | 3.05 | 1.79 | 1.77 | 0.40 | 0.39 | 0.15 | 0.13 | 0.43 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | 113.2x | - | - | - | 265.5x |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | -878.1% | - | 34.7% | - | - | - | -11.4% | - | - |
| Net income growth (YoY) | - | - | - | - | - | -98.7% | -39.1% | -73.7% | - | - |
| EPS growth (YoY) | - | - | - | - | - | 150.0% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -14.1% | -21.2% | -22.6% | -36.2% | -50.5% | -34.9% | -56.4% | -64.5% | -80.6% | -6550.8% |
Peer comparison
Same SIC group: Blank Checks
Comparing Inception Growth Acquisition Ltd against the 5 most active filers in the same SIC group.