The company has maintained zero revenue generation since inception, with quarterly SG&A expenses of $30,000 consistently outpacing its lack of operational income.
| Sales/Revenue | 0 | - | - | - | - |
| Revenue Growth % | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - |
| Gross Profit | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - |
| Operating Expenses | 714.63K | 557.17K | 272.25K | 4.22K | 1.56K |
| OpEx % of Revenue | - | - | - | - | - |
| Selling, General & Admin | 120K | 120K | 50K | 4.22K | 1.56K |
| SG&A % of Revenue | - | - | - | - | - |
| Research & Development | 0 | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - |
| Operating Income | -714.63K | -557.17K | -272.25K | -4.22K | -1.56K |
| Operating Margin % | - | - | - | - | - |
| Operating Income Growth % | - | -104.66% | -6349.85% | -169.71% | - |
| EBITDA | -630.25K | -557.17K | 1.19M | -4.22K | -1.56K |
| EBITDA Margin % | - | - | - | - | - |
| EBITDA Growth % | -88.93% | -146.66% | 28387.14% | -169.71% | - |
| D&A (Non-Cash Add-back) | 84.38K | 0 | 0 | 0 | 0 |
| EBIT | -714.63K | -557.17K | 1.19M | -4.22K | -1.56K |
| Net Interest Income | 2.25M | 2.63M | 1.2M | 0 | 0 |
| Interest Income | 2.25M | 2.63M | 1.2M | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - | - |
| Pretax Income | 1.39M | 2.13M | 1.19M | -4.22K | -1.56K |
| Pretax Margin % | - | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | 1.39M | 2.13M | 1.19M | -4.22K | -1.56K |
| Net Margin % | - | - | - | - | - |
| Net Income Growth % | -24.11% | 78.62% | 28387.14% | -169.71% | - |
| Net Income (Continuing) | 1.39M | 2.13M | 1.19M | -4.22K | -1.56K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.84 | 0.36 | 0.13 | 0.00 | 0.00 |
| EPS Growth % | 3.59% | 168.46% | - | - | - |
| EPS (Basic) | - | 0.36 | 0.13 | 0.00 | 0.00 |
| Diluted Shares Outstanding | 1.65M | 6.28M | 8.9M | 7.75M | 7.75M |
| Basic Shares Outstanding | 1.65M | 6.28M | 8.9M | 7.75M | 7.75M |
| Dividend Payout Ratio | - | - | 121.97% | - | - |
Imminent Liquidation Risk
As indicated by the company's historical financial filings, DTSQU has generated zero revenue since its inception, confirming its status as a pre-combination shell entity that relies entirely on interest income from its trust account rather than any form of operational business activity or organic growth.
The absence of revenue is consistent with the SPAC model, yet the lack of a business combination after ten quarters suggests a prolonged search phase. Investors should monitor whether the entity can secure a target before the expiration of its operational timeline, as the current trajectory offers no path to revenue growth.
Based on reported income statements, the company maintains a consistent quarterly SG&A expense of $30,000, which, when contrasted with the critically low reported cash balance of $461, suggests a precarious reliance on external sponsor funding to cover basic administrative and regulatory compliance costs.
The fixed nature of these professional fees creates a persistent drain on the entity's limited resources. This cost structure appears unsustainable without continuous capital injections from the sponsor, raising questions about the entity's ability to maintain its listing status if sponsor support were to waver.
As reported in financial statements, the company's net income has fluctuated significantly, swinging from a $719.5K profit in 2024Q4 to a $110.3K loss in 2026Q1, which appears to be driven by non-operating items rather than any underlying improvement in the company's core business performance.
These swings in net income are likely attributable to fair value adjustments of warrant liabilities rather than operational success. Analysts should disregard these non-cash fluctuations when assessing the entity's health, as they provide no insight into the actual economic value or the viability of a future merger.
According to recent SEC filings, the combination of a $461 cash balance and a multi-quarter search period suggests that the entity may be approaching a forced liquidation, which would likely result in the return of trust funds minus the costs incurred during the failed search.
Short-sellers would likely focus on the high probability that the sponsor's capital commitment is exhausted, potentially forcing a liquidation before a deal is reached. The risk of capital erosion through ongoing administrative expenses remains a significant concern for investors holding units at current market prices.
Quick answers to the most common questions about buying DTSQU stock.
DT Cloud Star Acquisition Corporation (DTSQU) is profitable, generating $2.1M in net income for the fiscal year ending 2025.