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Financial statements

Blue Water Acquisition Corp. III financial statements

Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data Blue Water Acquisition Corp. III 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

FY2025
Operating expenses1.13
Operating income-1.13
Interest income5.8
Other non-operating income5.8
Net income4.67

Balance sheet

FY2025
Cash and equivalents0
Other current assets0.08
Total current assets0.08
Total assets259
Accounts payable0.07
Accrued liabilities0.1
Total current liabilities0.19
Total liabilities9.05
Retained earnings-8.93
Shareholders' equity-8.93
Total equity-8.93
Total liabilities and equity259

Cash flow statement

FY2025
Net income4.67
Change in payables0.08
Cash from operations-0.94
Purchases of investments-253
Cash from investing-253
Stock issued253
Cash from financing254
Net change in cash0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $10.37 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Return on assets (ROA)3.2%Net income / average total assets.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.16xCurrent assets / current liabilities.
Quick ratio0.04x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.04x(Cash + short-term investments) / current liabilities.
Liabilities / assets3.6%Total liabilities / total assets.
Working capital-$627.3KCurrent assets - current liabilities.
Tangible book value-$9.5MShareholders' equity - goodwill - intangible assets.

Valuation

MetricValueHow it is calculated
Market cap$75.1MShare price x shares outstanding.
Enterprise value$75.1MMarket cap + total debt - cash - short-term investments.
P/E9.03xMarket cap / net income. Only when net income is positive.
Earnings yield11.1%Net income / market cap (the inverse of P/E).
Was Blue Water Acquisition Corp. III profitable in fiscal 2025?

Yes. Net income was $4.7M, 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.

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