Operating cash flow was -$177.4K in 2026Q2 despite $583.4K of reported net income, while dividends paid of $686.7K exceeded the earnings base, suggesting distributions are not supported by cash generation.
ChampionsGate Acquisition Corporation Class A Ordinary Share (CHPG) cash flow statement — 2-year operating, investing & financing cash flows
| Metric | TTM | Dec'25 | Dec'24 |
|---|
| Cash from Operations | -274.43K | -491.33K | -123.14K |
| Operating CF Growth % | 69.97% | -298.99% | - |
| Net Income | 2.52M | 1.18M | -250.85K |
| Depreciation & Amortization | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 |
| Other Non-Cash Items | -2.93M | -1.78M | 31.91K |
| Working Capital Changes | 101.2K | -44.05K | 95.8K |
| Cash from Investing | 0 | -75.12M | 0 |
| Purchase of Investments | 0 | -75.12M | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 |
| Net Investment Activity | 0 | -75.12M | 0 |
| Acquisitions | 0 | 0 | 0 |
| Other Investing | 0 | 0 | 0 |
| Cash from Financing | -92.16K | 75.63M | 123.14K |
| Dividends Paid | -2.89M | -1.78M | 0 |
| Share Repurchases | 0 | 0 | 0 |
| Stock Issued | 0 | 76.3M | -208.78K |
| Net Stock Activity | 0 | 76.3M | -208.78K |
| Debt Issuance (Net) | -92.16K | -180.26K | 331.93K |
| Other Financing | 2.89M | 1.29M | 164.19K |
| Net Change in Cash | -366.59K | 17.25K | 3 |
| Exchange Rate Effect | 0 | 0 | 0 |
| Cash at Beginning | 16.86K | 3 | 0 |
| Cash at End | 16.62K | 17.25K | 3 |
| Interest Paid | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 |
| Free Cash Flow | -274.43K | -491.33K | -123.14K |
| FCF Growth % | 41.84% | -299% | - |
Quick answers to the most common questions about buying CHPG stock.
ChampionsGate Acquisition Corporation Class A Ordinary Share (CHPG) generated $-0.5M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
ChampionsGate Acquisition Corporation Class A Ordinary Share (CHPG) reported negative free cash flow of $0.5M in 2025, indicating capital requirements exceeded cash from operations.
ChampionsGate Acquisition Corporation Class A Ordinary Share (CHPG) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2025, ChampionsGate Acquisition Corporation Class A Ordinary Share (CHPG) returned $1.8M to shareholders via cash dividends. This shows the company's commitment to returning capital to its equity investors.
Key Metrics
Top Statement Risk
Shell company lacks bank cash flow structure
Metrics are mathematically derived from official filings.
Trust Interest Substitutes for Earnings Retention
Based on reported figures, CHPG's net income swung from a $682.3K gain in 2025Q3 to a $583.4K gain in 2026Q2, yet operating cash flow stayed negative in nearly every quarter, so reported earnings are not converting into cash.
Operating cash flow was negative in eight of nine reported quarters, with OCF/NI ratios that are not meaningful given the sign flips between periods. This pattern suggests the reported net income reflects non-cash or trust-account accounting entries rather than capital generation that could fund regulatory buffers or organic growth. Investors should monitor whether these earnings ever translate into distributable cash, as the data does not support a conclusion about underlying capital capacity.
Dividend Payments Lack Cash Earnings Support
According to reported filings, CHPG paid dividends of $1.0M in 2025Q3 and $686.7K in 2026Q2 while operating cash flow remained negative, raising questions about the source of these distributions.
Distributions occurred in only three of nine quarters and were funded against negative operating cash flow, which suggests they were not supported by operating cash generation in those periods. The data does not reveal the funding source, so any inference about reserves or financing should be treated as unverified. This warrants further investigation before any judgment on dividend sustainability is formed.
Single Securities Event Dominates Investing Flows
As reported in the cash flow statement, CHPG recorded a $75.1M securities purchase in 2025Q2 with no offsetting sales or maturities in the remaining quarters, an isolated event that defines the investing profile.
The absence of any other investing activity across the ten-quarter window means reinvestment rates and duration trends cannot be assessed from the supplied data. The single large purchase is consistent with trust-account deployment typical of blank-check structures, though the data alone does not confirm this. Investors should not infer ongoing portfolio management from a single transaction.
Cash Flow Data Does Not Reflect Bank Operations
Based on EDBL's reported figures, the cash flow profile of CHPG shows minimal operating activity, debt flows of only modest size, and no loan or deposit lines, which does not match a depository institution's statement structure.
The absence of loan originations, deposit flows, and provision activity means the standard bank cash flow framework cannot be applied with any confidence. Short-term debt changes and small operating outflows point to a shell-style expense profile rather than lending or deposit-taking operations. Any conclusion about the company's classification as a bank should be reviewed against the underlying filings before relying on this analysis.