The company maintains a persistent lack of operational revenue, with figures oscillating around zero while relying on non-operating items to report a $2.0 million net income in 2026Q1.
| Sales/Revenue | 0 | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - |
| Gross Profit | 0 | 0 | 0 | -540.52B | -331K | 0 |
| Gross Margin % | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | 100% | -99999900% | - | - |
| Operating Expenses | -149.87K | 0 | 467.49K | 1.01M | 3.31M | -22.17K |
| OpEx % of Revenue | - | - | - | - | - | - |
| Selling, General & Admin | 0 | 0 | 0 | 1.13T | 2.85M | 0 |
| SG&A % of Revenue | - | - | - | - | - | - |
| Research & Development | 0 | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - |
| Operating Income | 0 | 0 | -467K | -1.69M | -3.65M | -22.17K |
| Operating Margin % | - | - | - | - | - | - |
| Operating Income Growth % | - | 100% | 72.33% | 53.7% | -16348.62% | - |
| EBITDA | -58.2K | 0 | -467K | 252.32B | -3.18M | 0 |
| EBITDA Margin % | - | - | - | - | - | - |
| EBITDA Growth % | 98.91% | 100% | -100% | 7930301.99% | - | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 252.32B | 464.24K | 22.17K |
| EBIT | 150K | 0 | -467K | -1.59M | -3.45M | 75.21K |
| Net Interest Income | -3.05M | 0 | 8.31M | -8.48M | -108.12K | -8.48K |
| Interest Income | -3.05M | 0 | 8.31M | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 8.48B | 108.12K | 8.48K |
| Other Income/Expense | 0 | - | - | - | - | - |
| Pretax Income | 9.09M | 9.39M | 7.84M | 6.67M | -3.56M | 66.73K |
| Pretax Margin % | - | - | - | - | - | - |
| Income Tax | 0 | 0 | 2.27M | 6.67M | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 28.89% | 100% | 0% | 0% |
| Net Income | 8.51M | 9.39M | 5.57M | 0 | -3.56M | 66.73K |
| Net Margin % | - | - | - | - | - | - |
| Net Income Growth % | 1020% | 68.53% | - | 100% | -5433.03% | - |
| Net Income (Continuing) | 8.51M | 9.39M | 5.57M | 0 | -3.56M | 66.73K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.30 | 0.33 | 0.33 | 0.00 | -0.30 | 0.01 |
| EPS Growth % | 202.2% | 0% | - | 100% | - | - |
| EPS (Basic) | - | 0.33 | 0.33 | 0.00 | -0.30 | 0.01 |
| Diluted Shares Outstanding | 28.75M | 28.75M | 23.51M | 11.79M | 11.79M | 11.8M |
| Basic Shares Outstanding | 28.75M | 28.75M | 23.51M | 11.79M | 11.79M | 11.8M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Liquidation and deal failure
As reported in financial statements, Centurion Acquisition Corp. maintains a consistent lack of operational revenue, with figures oscillating around zero across recent periods, which is entirely expected for a blank check vehicle currently in the search phase for a suitable business combination target.
The absence of top-line growth is a structural feature rather than an operational failure for this entity. Investors should note that any future revenue trajectory will be entirely contingent upon the successful identification and acquisition of an operating business, rendering current historical revenue trends irrelevant for forecasting.
Based on the company's reported figures, net income has fluctuated significantly, reaching $2.0 million in 2026Q1, primarily driven by non-operating adjustments rather than core business performance, which warrants caution when assessing the sustainability of these earnings for potential shareholders.
The volatility in net income appears to be heavily influenced by accounting adjustments related to warrant liabilities and other non-cash items typical of SPAC financial reporting. Analysts should interpret these bottom-line figures as accounting artifacts rather than indicators of underlying profitability or operational health.
According to recent SEC filings, the company's cost structure is dominated by administrative and compliance expenses, which, when coupled with a reported operating cash balance of only $100,985, suggests a constrained runway that may necessitate further sponsor support to maintain public listing status.
The persistent burn rate associated with maintaining a public shell vehicle creates a structural drag on the entity's limited cash reserves. Investors should monitor whether the sponsor continues to provide working capital loans, as the current cash position appears insufficient to support long-term search activities without external intervention.
As indicated by the historical income statement data, the lack of a definitive merger agreement combined with the high cost of maintaining the vehicle presents a significant risk that the company may be forced into liquidation before identifying a viable target for acquisition.
Short-term observers might focus on the potential for the trust account interest to provide a floor, but the erosion of operating cash suggests that the window for a successful deal is closing. The primary risk remains that the entity will exhaust its resources or reach its charter expiration, resulting in a return of capital that fails to meet investor expectations.
Quick answers to the most common questions about buying ALF stock.
Centurion Acquisition Corp. (ALF) is profitable, generating $9.4M in net income for the fiscal year ending 2025.