The company reported zero operating revenue in 2026Q1, with profitability metrics distorted by non-operating items that resulted in a $1.9M net income despite an operating loss of $399.9K.
| Sales/Revenue | 0 | - | - |
| Revenue Growth % | - | - | - |
| Cost of Goods Sold | 0 | - | - |
| COGS % of Revenue | - | - | - |
| Gross Profit | 0 | 0 | 0 |
| Gross Margin % | - | - | - |
| Gross Profit Growth % | - | - | - |
| Operating Expenses | 705.45K | 694.81K | 15.82K |
| OpEx % of Revenue | - | - | - |
| Selling, General & Admin | 705.45K | 694.81K | 15.82K |
| SG&A % of Revenue | - | - | - |
| Research & Development | 0 | - | - |
| R&D % of Revenue | - | - | - |
| Other Operating Expenses | 0 | - | - |
| Operating Income | -705.45K | -694.81K | -15.82K |
| Operating Margin % | - | - | - |
| Operating Income Growth % | - | -4290.89% | - |
| EBITDA | -705.45K | -694.81K | -15.82K |
| EBITDA Margin % | - | - | - |
| EBITDA Growth % | - | -4290.89% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 |
| EBIT | -705.45K | -694.81K | -15.82K |
| Net Interest Income | 4.85M | 5.05M | 0 |
| Interest Income | 4.85M | 5.05M | 0 |
| Interest Expense | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - |
| Pretax Income | 4.15M | 4.36M | -15.82K |
| Pretax Margin % | - | - | - |
| Income Tax | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% |
| Net Income | 4.15M | 4.36M | -15.82K |
| Net Margin % | - | - | - |
| Net Income Growth % | - | 27624.64% | - |
| Net Income (Continuing) | 4.15M | 4.36M | -15.82K |
| Discontinued Operations | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| EPS (Diluted) | - | 0.13 | 0.00 |
| EPS Growth % | - | - | - |
| EPS (Basic) | - | 0.13 | 0.00 |
| Diluted Shares Outstanding | 26.02M | 34.69M | 30.29M |
| Basic Shares Outstanding | 26.02M | 34.69M | 30.29M |
| Dividend Payout Ratio | - | - | - |
Failure to identify target
As indicated by recent financial disclosures, CCII's quarterly SG&A expenses rose from $305.6K in 2025Q3 to $399.9K in 2026Q1, reflecting the ongoing fixed cost burden inherent in maintaining a public shell vehicle while actively pursuing a potential business combination within the competitive FinTech sector.
The increase in administrative spending suggests that the sponsor is intensifying due diligence efforts or incurring higher professional fees associated with regulatory compliance. Investors should monitor this burn rate closely, as the lack of offsetting revenue means these costs directly erode the trust account's net asset value over time.
According to the latest income statement data, CCII reported net income of $1.9M in 2026Q1 despite generating zero operating revenue, a discrepancy primarily driven by non-operating items such as interest income or fair value adjustments on financial instruments rather than core business performance.
The reported net income is largely decoupled from operational reality and should not be interpreted as a sign of business viability. Analysts must distinguish between these transient non-operating gains and the underlying cash-burning nature of the entity's current administrative structure.
Based on the company's current operational profile, the primary risk remains the potential for a failed business combination, as evidenced by the lack of revenue and the reliance on interest-bearing trust assets to sustain the entity's existence until a suitable merger target is secured.
Short-sellers may focus on the diminishing time-to-expiry, which forces the sponsor into a difficult trade-off between deal quality and the necessity of closing a transaction. If the current market environment for FinTech valuations remains unfavorable, the pressure to complete a deal may lead to suboptimal outcomes for shareholders.
Quick answers to the most common questions about buying CCII stock.
Cohen Circle Acquisition Corp. II (CCII) is profitable, generating $4.4M in net income for the fiscal year ending 2025.