Solvency appears increasingly precarious as the current ratio has collapsed to 0.09 in 2026Q1, down from 15.14 in 2025Q1, while total liabilities have risen to $2.9 million.
| Cash & Short Term Investments | 2.46M | 183.02K | 1.27M |
| Cash & Due from Banks | 53.49K | 183.02K | 1.27M |
| Short Term Investments | 0 | 0 | 0 |
| Total Investments | 242.84M | 241.19M | 201.32M |
| Investments Growth % | 23.69% | 19.81% | - |
| Long-Term Investments | 919.1M | 241.19M | 201.32M |
| Accounts Receivables | 0 | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| PP&E (Net) | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 201.42M |
| Total Current Assets | 217.19K | 317.71K | 1.4M |
| Total Non-Current Assets | 242.84M | 241.19M | 201.42M |
| Total Assets | 243.06M | 241.51M | 202.81M |
| Asset Growth % | 22.52% | 19.08% | - |
| Return on Assets (ROA) | 1.58% | 3.48% | 0.11% |
| Accounts Payable | 0 | 0 | 0 |
| Total Debt | 480K | 200K | 0 |
| Net Debt | 426.51K | 16.98K | -1.27M |
| Long-Term Debt | 480K | 200K | 0 |
| Short-Term Debt | 0 | 0 | 0 |
| Other Liabilities | 0 | 0 | 0 |
| Total Current Liabilities | 2.4M | 895.8K | 301.81K |
| Total Non-Current Liabilities | 480K | 200K | 0 |
| Total Liabilities | 2.88M | 1.1M | 301.81K |
| Total Equity | 240.18M | 240.41M | 202.51M |
| Equity Growth % | 20.97% | 18.71% | - |
| Equity / Assets (Capital Ratio) | 98.81% | 99.55% | 99.85% |
| Return on Equity (ROE) | 1.59% | 3.49% | 0.11% |
| Book Value per Share | 10.44 | 10.55 | 7.32 |
| Tangible BV per Share | 10.44 | 10.55 | 7.32 |
| Common Stock | 242.84M | 241.19M | 201.32M |
| Additional Paid-in Capital | 0 | 0 | 971.16K |
| Retained Earnings | -2.66M | -778.86K | 223.46K |
| Accumulated OCI | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 |
Imminent Liquidation Deadline Risk
As reported in recent financial statements, DRDBW's balance sheet trajectory shows significant deterioration, with cash reserves plummeting from $1.3 million in 2024Q4 to a mere $53.5 thousand by 2026Q1, signaling an increasingly precarious financial position as the company struggles to maintain its operational search mandate.
The rapid depletion of liquid assets suggests that the company is nearing the end of its viable runway, forcing a reliance on external funding to cover administrative obligations. This trend implies that the vehicle's ability to sustain its search for a target is severely compromised, heightening the probability of a forced liquidation.
Based on the company's 2026Q1 filings, the current ratio has collapsed to 0.09, a stark decline from the 15.14 observed in 2025Q1, which indicates that the firm lacks the necessary short-term liquidity to meet its immediate financial obligations without further capital injections from the sponsor.
The current ratio of 0.09 suggests that current liabilities vastly outweigh available cash, leaving the company with virtually no buffer against unexpected administrative costs. Investors should monitor whether the sponsor provides additional promissory notes, as the current liquidity profile appears insufficient to support a prolonged search period.
According to quarterly data, shareholder equity has faced significant pressure, with retained earnings falling to a deficit of $2.7 million in 2026Q1, reflecting the cumulative impact of persistent operating losses incurred during the extended search for a suitable business combination target.
The negative trend in retained earnings highlights the erosion of the capital base, which is typical for SPACs that fail to close a transaction within their initial timeframe. This deterioration suggests that the value of the equity is increasingly tied to the binary outcome of a potential merger rather than underlying asset growth.
As indicated by the company's balance sheet, the classification of warrants as liabilities rather than equity creates significant volatility, with total liabilities reaching $2.9 million in 2026Q1, which may obscure the true economic health of the entity from investors focusing solely on headline equity figures.
The mark-to-market accounting for these liabilities introduces non-cash fluctuations that can mask the underlying cash burn of the business. This accounting treatment warrants further investigation, as it suggests that the company's reported net position is highly sensitive to external market factors rather than internal operational performance.
Quick answers to the most common questions about buying DRDBW stock.
As of 2025, Roman DBDR Acquisition Corp. II (DRDBW) had total assets of $241.5M including $0.3M in current assets.
Roman DBDR Acquisition Corp. II (DRDBW) carries total debt of $0.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Roman DBDR Acquisition Corp. II (DRDBW) has total shareholders' equity (book value) of $240.4M ($10.55 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Roman DBDR Acquisition Corp. II (DRDBW) reported a current ratio of 0.35x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.