The company's revenue is entirely dependent on interest income, which failed to prevent a $22.2 million net loss in 2025Q4 despite a reported gross margin of 47.7%.
AlphaVest Acquisition Corp (ATMV) annual income statement — 4-year revenue, gross profit & net income history
| Metric | Dec'25 | Dec'24 | Dec'23 | Dec'22 |
|---|
| Sales/Revenue | - | - | - | - |
| Revenue Growth % | - | - | - | - |
| Cost of Goods Sold | - | - | - | - |
| COGS % of Revenue | - | - | - | - |
| Gross Profit | 2.85M | 0 | 0 | 0 |
| Gross Margin % | 47.7% | - | - | - |
| Gross Profit Growth % | - | - | - | - |
| Operating Expenses | 2.13M | 870.82K | 676.32K | 80.81K |
| OpEx % of Revenue | 35.65% | - | - | - |
| Selling, General & Admin | 2.07M | 0 | 676.32K | 80.81K |
| SG&A % of Revenue | 34.68% | - | - | - |
| Research & Development | - | - | - | - |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | - | - | - | - |
| Operating Income | -505.17K | -870.82K | -676K | -80.81K |
| Operating Margin % | -8.45% | - | - | - |
| Operating Income Growth % | 41.99% | -28.82% | -736.57% | - |
| EBITDA | -505.17K | 1.71M | 2.9M | 0 |
| EBITDA Margin % | -8.45% | - | - | - |
| EBITDA Growth % | -129.52% | -41.08% | - | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 80.81K |
| EBIT | 0 | 1.71M | 2.9M | -80.81K |
| Net Interest Income | 0 | 2.67M | 3.58M | 38.23K |
| Interest Income | 14.41K | 2.67M | 3.58M | 38.23K |
| Interest Expense | -24.62K | 0 | 0 | 0 |
| Other Income/Expense | - | - | - | - |
| Pretax Income | -24.81M | 2.18M | 2.9M | -42.58K |
| Pretax Margin % | -414.87% | - | - | - |
| Income Tax | -4.65K | 469.38K | 0 | 0 |
| Effective Tax Rate % | 0.02% | 21.53% | 0% | 0% |
| Net Income | -24.82M | 2.18M | 2.9M | -42.58K |
| Net Margin % | -414.95% | - | - | - |
| Net Income Growth % | -1238.41% | -24.93% | 6920.42% | - |
| Net Income (Continuing) | -24.82M | 1.71M | 2.9M | -42.58K |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.36 | 0.47 | 0.32 | -0.00 |
| EPS Growth % | -389.36% | 46.88% | - | - |
| EPS (Basic) | -1.36 | 0.47 | 0.32 | -0.00 |
| Diluted Shares Outstanding | 18.29M | 3.85M | 9.15M | 9.18M |
| Basic Shares Outstanding | 18.29M | 3.85M | 9.15M | 9.18M |
| Dividend Payout Ratio | - | - | - | - |
Quick answers to the most common questions about buying ATMV stock.
For fiscal year 2025, AlphaVest Acquisition Corp (ATMV) reported total revenue of $1.0M.
AlphaVest Acquisition Corp (ATMV) reported a net loss of $24.8M for the fiscal year ending 2025.
AlphaVest Acquisition Corp (ATMV) reported an operating income of $-0.5M, resulting in an operating profit margin of -8.4%. This margin reflects the operational efficiency of the business before interest and taxes.
AlphaVest Acquisition Corp (ATMV) generated $2.9M in gross profit for the year, representing a gross profit margin of 47.7%. This demonstrates the company's core pricing power and production efficiency.
Key Metrics
Top Statement Risk
Imminent Liquidation Deadline Risk
Metrics are mathematically derived from official filings.
Passive Revenue Dependent on Rates
As reported in recent financial filings, AlphaVest Acquisition Corp's revenue of $5.98 million is entirely derived from interest on trust assets, highlighting a lack of operational growth and a total reliance on prevailing interest rate environments to sustain the entity's existence prior to a business combination.
The revenue profile is inherently non-recurring and transactional, reflecting the passive nature of a shell company's capital holdings. Investors should monitor the volatility of these interest-based inflows, as they do not represent commercial success or underlying business momentum.
Structural Margin Volatility Remains High
Based on the company's 2025Q4 figures, the reported gross margin of 47.70% masks significant operational inefficiencies, as the firm continues to struggle with high administrative overhead relative to its passive interest income, leading to a net margin that has fluctuated wildly across the observed periods.
The wide variance in margins suggests that the company's cost structure is not optimized for its current search-phase operations. The inability to maintain consistent profitability indicates that the firm's overhead is disproportionately high compared to the interest generated by its trust account.
Administrative Expenses Outpacing Interest Income
According to the income statement data, AlphaVest's operating expenses, including professional and compliance fees, frequently exceed the interest income generated by the trust, creating a persistent burn rate that necessitates ongoing sponsor support to maintain the company's public listing and regulatory standing.
The cost structure appears heavily weighted toward fixed professional fees required for SEC compliance and target identification. This expense discipline warrants further investigation, as the current burn rate may erode the trust value available for a potential future acquisition.
Non-Operating Items Distort Net Income
As indicated by the significant net loss of $22.2 million in 2025Q4, the company's bottom line is heavily impacted by non-operating items and potential warrant valuation adjustments, which obscure the underlying cash-based performance of the shell entity and complicate traditional earnings analysis for potential investors.
The discrepancy between operating income and net income suggests that non-cash accounting adjustments are playing a major role in the reported results. Analysts should be cautious in interpreting these figures, as they do not reflect the operational health of the business but rather the accounting treatment of financial instruments.
Liquidation Risk Threatens Equity Value
Based on the company's 2022 incorporation date and the absence of a disclosed target, the firm faces significant pressure as it approaches its extension deadline, which may force a liquidation that would likely result in a return of capital below the current market valuation.
The market's pricing of the stock near its trust value may be overly optimistic given the high redemption rates observed in the micro-cap SPAC sector. Investors should monitor the sponsor's ability to secure a viable target, as the window for a successful business combination is rapidly closing.