XFIN · Excelfin 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 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $935.7K | $1.74M | - | $2.15M | $3.39M | $428.0K | - | $280.3K | $206.9K | $354.3K |
| Total Operating Expenses | $1.02M | $1.82M | - | $2.23M | $3.48M | $508.0K | - | $473.2K | $112.6K | $496.8K |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | ($817.7K) | ($1.57M) | - | ($1.57M) | ($2.10M) | ($466.3K) | - | $605.4K | - | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $41.0K | $46.6K | - | $128.4K | $278.2K | $519.0K | - | $200.9K | - | - |
| Net Income | ($858.7K) | ($1.62M) | - | ($1.70M) | ($2.38M) | $1.49M | - | $404.5K | ($112.6K) | ($466.3K) |
| EPS - Basic | - | - | - | - | - | - | - | - | - | - |
| EPS - Diluted | - | - | - | - | - | - | - | - | - | - |
Balance Sheet
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $110.6K | $608.8K | $45.2K | $303.1K | $180.3K | $369.8K | $351.4K | $332.2K | $385.4K | $497.0K |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | $203.4K | $696.9K | $117.5K | $396.2K | $433.4K | $737.8K | $809.4K | $902.0K | $955.2K | $1.07M |
| Total Assets | $17.51M | $25.08M | $24.12M | $51.88M | $51.25M | $240.78M | $238.54M | $236.77M | $235.89M | $236.02M |
| Current Liabilities | $13.40M | $12.82M | $10.33M | $9.60M | $7.28M | $3.14M | $2.40M | $1.59M | $1.11M | $964.1K |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $15.01M | $14.43M | $11.94M | $11.21M | $15.33M | $11.19M | $10.45M | $9.64M | $9.16M | $9.01M |
| Stockholders' Equity | ($14.18M) | ($13.39M) | ($11.57M) | ($10.32M) | ($14.58M) | ($9.26M) | ($8.81M) | ($8.14M) | ($7.87M) | ($7.59M) |
| Retained Earnings | ($14.18M) | ($13.39M) | ($11.57M) | ($10.33M) | ($14.58M) | ($9.26M) | ($8.81M) | ($8.15M) | ($7.87M) | ($7.59M) |
Cash Flow
| Line item | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($583.4K) | - | - | - | ($695.2K) | - | - | - | ($399.5K) |
| Investing Cash Flow | - | ($132.1K) | - | - | - | $0 | - | - | - | - |
| Financing Cash Flow | - | $1.28M | - | - | - | $502.4K | - | - | - | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | - | - | - | - | - | 25.8% | - | 33.2% | - | - |
| Return on assets | -4.9% | -6.4% | - | -3.3% | -4.6% | 0.6% | - | 0.2% | -0.0% | -0.2% |
| Return on equity | 6.1% | 12.1% | - | 16.5% | 16.3% | -16.1% | - | -5.0% | 1.4% | 6.1% |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.02 | 0.05 | 0.01 | 0.04 | 0.06 | 0.23 | 0.34 | 0.57 | 0.86 | 1.11 |
| Quick ratio | 0.02 | 0.05 | 0.01 | 0.04 | 0.06 | 0.23 | 0.34 | 0.57 | 0.86 | 1.11 |
| Cash ratio | 0.01 | 0.05 | 0.00 | 0.03 | 0.02 | 0.12 | 0.15 | 0.21 | 0.35 | 0.52 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | -1.24 | -1.87 | -2.09 | -5.02 | -3.51 | -25.99 | -27.09 | -29.07 | -29.97 | -31.09 |
| Liabilities / Assets | 0.86 | 0.58 | 0.49 | 0.22 | 0.30 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| 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) | 61.1% | -236.6% | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | 63.9% | - | - | - | -2011.8% | - | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.8% | -44.5% | -31.3% | -26.8% | -85.3% | -22.0% | -23.6% | -3870.2% | - | - |
Peer comparison
Same SIC group: Blank Checks
Comparing ExcelFin Acquisition Corp. against the 5 most active filers in the same SIC group.