The company reported zero revenue in 2026Q1 while incurring $225.9K in SG&A expenses, highlighting a complete lack of operational income generation.
| Sales/Revenue | 0 | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - |
| Gross Profit | 0 | 0 | 0 | 2.27M | 3.43M | 0 |
| Gross Margin % | - | - | - | 100% | 100% | - |
| Gross Profit Growth % | - | - | -100% | -33.95% | - | - |
| Operating Expenses | 918.51K | 946.51K | 77.9K | 2.47M | 432K | 1.45K |
| OpEx % of Revenue | - | - | - | 108.9% | 12.58% | - |
| Selling, General & Admin | 918.51K | 946.51K | 0 | 2.47M | 432K | 1.45K |
| SG&A % of Revenue | - | - | - | 108.9% | 12.58% | - |
| Research & Development | 0 | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - |
| Operating Income | -918.51K | -946.51K | -77.9K | -201.97K | 3M | -1.45K |
| Operating Margin % | - | - | - | -8.9% | 87.42% | - |
| Operating Income Growth % | - | -1114.97% | 61.43% | -106.73% | 206746.8% | - |
| EBITDA | -288.56K | -946.51K | -77.9K | -201.97K | 3M | -1.45K |
| EBITDA Margin % | - | - | - | -8.9% | 87.42% | - |
| EBITDA Growth % | 90.13% | -1114.97% | 61.43% | -106.73% | 206746.8% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 0 | 0 | 0 |
| EBIT | 253.93K | 0 | -77.9K | -201.97K | 3M | -1.45K |
| Net Interest Income | -403.73K | 0 | 0 | 2.27M | 3.43M | 0 |
| Interest Income | -403.73K | 0 | 0 | 2.27M | 3.43M | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - | - | - |
| Pretax Income | 1.2M | 1.29M | -77.9K | -201.97K | 3M | 0 |
| Pretax Margin % | - | - | - | -8.9% | 87.42% | - |
| Income Tax | 0 | 0 | 0 | 171K | 1.44M | 1.45K |
| Effective Tax Rate % | 0% | 0% | 0% | -84.67% | 47.89% | - |
| Net Income | 1.2M | 1.29M | -77.9K | -372.97K | 1.56M | -1.45K |
| Net Margin % | - | - | - | -16.44% | 45.55% | - |
| Net Income Growth % | 194.3% | 1749.58% | 79.11% | -123.84% | 107779.15% | - |
| Net Income (Continuing) | 1.2M | 1.29M | -77.9K | -372.97K | 1.56M | -1.45K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.38 | 0.17 | -0.01 | -0.02 | 0.13 | -0.00 |
| EPS Growth % | 354.1% | - | 53.99% | -116.38% | - | - |
| EPS (Basic) | - | 0.17 | -0.01 | -0.02 | 0.13 | -0.00 |
| Diluted Shares Outstanding | 3.16M | 5.61M | 7.94M | 7.88M | 5.43M | 7.03M |
| Basic Shares Outstanding | 3.16M | 5.61M | 7.94M | 7.88M | 5.43M | 7.03M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Liquidation deadline and capital exhaustion
As reported in recent financial filings, Columbus Acquisition Corp maintains a cost structure defined by administrative overhead, with SG&A expenses reaching $225.9K in 2026Q1, which significantly depletes the entity's remaining cash reserves of $483,756 as it continues its search for a viable merger target.
The absence of revenue generation renders the current cost structure a direct drain on shareholder capital. Investors should monitor the sustainability of these administrative outflows, as the company lacks operational income to offset the recurring legal and regulatory expenses required to maintain its public listing.
Based on the company's historical income statements, reported net income figures appear disconnected from operational reality, as evidenced by the $61.5K profit in 2026Q1 despite zero revenue, suggesting that non-operating items or accounting adjustments are the primary drivers of bottom-line volatility.
The presence of net income in a pre-revenue shell entity warrants further investigation into the nature of these gains, which likely stem from non-cash accounting treatments or interest income rather than business performance. Analysts should discount these earnings when assessing the company's long-term viability, as they do not reflect sustainable value creation.
According to the provided data, the company's cash balance of $483,756 against quarterly SG&A expenses suggests a precarious financial position, indicating that the entity may face significant difficulty in funding the due diligence and transaction costs necessary to complete a business combination before the liquidation deadline.
The current burn rate implies that the company is rapidly approaching a point where it must either secure additional sponsor financing or face potential liquidation. This structural vulnerability suggests that the market may be underestimating the risk of a failed merger mandate due to insufficient working capital.
Quick answers to the most common questions about buying COLA stock.
Columbus Acquisition Corp (COLA) is profitable, generating $1.3M in net income for the fiscal year ending 2025.