Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Black Hawk Acquisition Corp files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2024
FY2025
General and administrative
0.49
0.8
Operating income
-0.58
-0.92
Interest expense
0.02
Interest income
0.01
0
Net income
1.92
1.33
Balance sheet
FY2024
FY2025
Cash and equivalents
0
0
Other current assets
0.05
0.01
Total current assets
0.31
0.05
Intangible assets
5
Total assets
72.1
23.9
Accounts payable
0.3
Accrued liabilities
0
0
Total current liabilities
0.07
1.48
Total liabilities
2.49
3.9
Paid-in capital
0
Retained earnings
-2.17
-3.85
Shareholders' equity
-2.17
-3.85
Total equity
-2.17
-3.85
Total liabilities and equity
72.1
23.9
Cash flow statement
FY2024
FY2025
Net income
1.92
1.33
Change in payables
0.06
0.24
Cash from operations
-0.55
-0.65
Cash from investing
-69.3
50.3
Stock issued
0.69
Dividends paid
-51
Cash from financing
70
-49.8
Net change in cash
0.14
-0.23
Key metrics
Worked out from the statements above. Latest values use the trailing twelve months to May 31, 2026; growth uses fiscal years. Valuation uses the share price of $12.27 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on assets (ROA)
1.5%
Net income / average total assets.
Growth
Metric
Value
How it is calculated
Net income growth, 1y
-30.6%
Net income vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
-66.9%
Total assets vs the same period a year earlier. Only from a positive base.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
0.02x
Current assets / current liabilities.
Quick ratio
0.00x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.00x
(Cash + short-term investments) / current liabilities.
Market cap + total debt - cash - short-term investments.
P/E
134x
Market cap / net income. Only when net income is positive.
Earnings yield
0.7%
Net income / market cap (the inverse of P/E).
Was Black Hawk Acquisition Corp profitable in fiscal 2025?
Yes. Net income was $1.3M, a net margin of -.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.