The company exhibits a stagnant revenue profile with zero revenue recorded in 2026Q1, while persistent SG&A expenses of $30,000 continue to erode the remaining capital base.
| Sales/Revenue | 0 | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - |
| Gross Profit | 0 | 0 | 0 | -874K | -348K | -66.29K | 0 | 0 |
| Gross Margin % | - | - | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | 100% | -151.15% | -424.99% | - | - | - |
| Operating Expenses | -133.06K | 120K | 120K | 620.17K | 1.06M | 66.29K | 223 | 1.45K |
| OpEx % of Revenue | - | - | - | - | - | - | - | - |
| Selling, General & Admin | 58.67K | 120K | 120K | 433.98K | 425.15K | 66.29K | 223 | 2.9K |
| SG&A % of Revenue | - | - | - | - | - | - | - | - |
| Research & Development | 0 | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - | - | - |
| Operating Income | -262.45K | 0 | 0 | -1.39M | -1.11M | -66.29K | -223 | -1.45K |
| Operating Margin % | - | - | - | - | - | - | - | - |
| Operating Income Growth % | - | - | 100% | -25.54% | -1571.52% | -29625.11% | 84.62% | - |
| EBITDA | -585.48K | 0 | 0 | 0 | 1.69M | -66.29K | -223 | 170.41K |
| EBITDA Margin % | - | - | - | - | - | - | - | - |
| EBITDA Growth % | 58.36% | - | - | -100% | 2655.55% | -29625.11% | -100.13% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 1.39M | 0 | 0 | 0 | 171.86K |
| EBIT | 283K | 0 | 0 | 4.66M | 1.69M | -66.29K | -223 | -1.45K |
| Net Interest Income | -125.97K | 0 | 0 | 6.15M | 0 | 0 | 0 | 0 |
| Interest Income | -125.97K | 0 | 0 | 6.15M | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - | - | - | - | - |
| Pretax Income | -999.32K | -660.07K | 106.08K | 4.66M | 1.69M | -66.29K | -223 | -1.45K |
| Pretax Margin % | - | - | - | - | - | - | - | - |
| Income Tax | 19.82K | -71.47K | -312.61K | 1.25M | 533.35K | 0 | 0 | 0 |
| Effective Tax Rate % | -1.98% | 10.83% | -294.71% | 26.89% | 31.48% | 0% | 0% | 0% |
| Net Income | -1.06M | -731.54K | 418.69K | 3.41M | 1.16M | -66.29K | -223 | -1.45K |
| Net Margin % | - | - | - | - | - | - | - | - |
| Net Income Growth % | -120.25% | -274.72% | -87.71% | 193.45% | 1851.47% | -29625.11% | 84.62% | - |
| Net Income (Continuing) | -1.06M | -731.54K | 418.69K | 3.41M | 1.16M | -66.29K | -223 | -1.45K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.42 | -0.10 | 0.16 | 0.18 | 0.05 | -0.00 | 0.00 | -0.00 |
| EPS Growth % | -0.6% | -162.5% | -11.11% | 237.08% | - | - | - | - |
| EPS (Basic) | - | -0.10 | 0.16 | 0.18 | 0.05 | -0.00 | 0.00 | -0.00 |
| Diluted Shares Outstanding | 436.74K | 785.63K | 2.63M | 18.77M | 21.75M | 20.85M | 15.07M | 19.13M |
| Basic Shares Outstanding | 436.74K | 785.63K | 2.63M | 18.77M | 21.75M | 20.85M | 15.07M | 19.13M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
Imminent Liquidation or Delisting
As indicated by the company's historical financial statements, BYNO has generated zero revenue in nine of the last ten quarters, with the sole exception of 2024Q4, confirming that the entity remains a pre-operational shell vehicle without any established commercial growth trajectory or recurring business model.
The absence of consistent revenue streams underscores the company's reliance on external capital rather than organic business operations. Investors should interpret the 2024Q4 revenue spike as an anomaly rather than a trend, as it lacks the necessary follow-through to suggest a viable, scaling enterprise.
According to reported quarterly filings, BYNO continues to incur persistent SG&A expenses, such as the $30,000 recorded in 2026Q1, which directly erode the company's remaining cash reserves in the absence of any offsetting operational income or revenue-generating activities to sustain the entity's ongoing listing costs.
The consistent outflow of capital for administrative and regulatory compliance suggests a high-friction cost structure relative to the company's dwindling asset base. This ongoing burn rate appears to be the primary driver of the company's deteriorating financial position, leaving little room for error as the deadline for a business combination approaches.
Based on the provided income statement data, BYNO's net income has fluctuated significantly, including a $505,900 loss in 2026Q1, which suggests that reported earnings are driven by non-operating items and accounting adjustments rather than any underlying operational performance or sustainable profitability metrics within the business.
The erratic nature of the net income figures indicates that investors should discount these results as indicators of future performance. The lack of operational stability implies that the company's financial health is entirely dependent on its ability to secure a target, rather than the current income statement's ability to generate value.
As highlighted by the decline in cash reserves to a nominal $337,755, the company's financial position appears increasingly precarious, suggesting that the entity may lack the necessary capital to execute a meaningful acquisition or survive a prolonged search for a suitable fintech target in the current market.
Short-sellers would likely focus on the rapid depletion of cash as a signal that the company is nearing a forced liquidation or a sub-optimal merger. The current financial trajectory warrants extreme caution, as the lack of liquidity may severely limit management's strategic options and bargaining power in future negotiations.
Quick answers to the most common questions about buying BYNO stock.
byNordic Acquisition Corporation (BYNO) reported a net loss of $0.7M for the fiscal year ending 2025.