The company has maintained zero revenue across all ten reported quarters while relying on SG&A expenses that peaked at $417.6K in 2026Q1 to sustain its shell status.
| Net Interest Income | -1.29M | 0 | 609.79K | 0 |
| NII Growth % | -610.67% | -100% | - | - |
| Net Interest Margin % | -3.9% | 0% | 1.04% | 0% |
| Interest Income | 941.84K | 2.23M | 609.79K | 0 |
| Interest Expense | 0 | 0 | 0 | 0 |
| Loan Loss Provision | 0 | 0 | 0 | 0 |
| Non-Interest Income | -941.84K | -2.23M | -609.79K | 0 |
| Non-Interest Income % | - | - | - | - |
| Total Revenue | 0 | 0 | 0 | 0 |
| Revenue Growth % | 0% | - | - | - |
| Non-Interest Expense | 1.06M | 859.75K | 354.07K | 5.33K |
| Efficiency Ratio | - | - | - | - |
| Operating Income | -1.06M | -859.75K | -354.07K | -5.33K |
| Operating Margin % | - | - | - | - |
| Operating Income Growth % | - | -142.82% | -6549.13% | - |
| Pretax Income | 451.93K | 1.37M | 255.72K | -5.33K |
| Pretax Margin % | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% |
| Net Income | 451.93K | 1.37M | 255.72K | -16 |
| Net Margin % | - | - | - | - |
| Net Income Growth % | -64.95% | 436.03% | 1600857.43% | - |
| Net Income (Continuing) | -918.83K | 1.37M | 255.72K | -5.33K |
| EPS (Diluted) | 0.15 | -0.44 | 0.03 | 0.00 |
| EPS Growth % | -352.85% | -1413.43% | - | - |
| EPS (Basic) | - | -0.44 | 0.03 | 0.00 |
| Diluted Shares Outstanding | 2.93M | 5.04M | 7.65M | 1.25M |
Insolvency and delisting risk
As indicated by the company's historical financial statements, EURK has generated zero revenue across all ten reported quarters, confirming its status as a pre-combination shell entity that lacks any underlying operational activity or organic growth trajectory to support its current public listing status.
The absence of revenue underscores the speculative nature of the entity, as it functions solely as a capital pool rather than an operating business. Investors should recognize that any future growth is entirely contingent upon the successful identification and acquisition of a target company, which remains an unproven prospect.
Based on the provided income statement data, SG&A expenses have fluctuated significantly, peaking at $417.6K in 2026Q1, which highlights the company's reliance on external funding to cover the fixed regulatory and professional costs required to maintain its public shell status.
The volatility in SG&A suggests that administrative burdens are not strictly controlled and may be subject to spikes during periods of heightened due diligence or legal activity. This cost structure poses a material risk to the company's limited liquidity, as there is no revenue to offset these recurring operational outflows.
According to the reported figures, the company has periodically recorded positive net income despite generating zero revenue, which suggests that these earnings are likely derived from non-operating items or accounting adjustments rather than sustainable business performance.
The disconnect between operating losses and net income warrants further investigation into the nature of these gains, as they do not reflect operational health. Investors should be cautious of relying on these bottom-line figures, as they appear to be transient and unrelated to the core business model.
With a reported cash balance of only $51,431, the company's financial position appears highly precarious, suggesting that the entity may lack the necessary capital to sustain its operations or complete a meaningful business combination without resorting to dilutive financing.
The extremely thin cash cushion implies that the company is vulnerable to even minor increases in professional service fees or regulatory costs. This lack of liquidity may force management into unfavorable deal terms or, in a worst-case scenario, lead to the dissolution of the shell.
Quick answers to the most common questions about buying EURK stock.
Eureka Acquisition Corp Class A Ordinary Share (EURK) is profitable, generating $1.4M in net income for the fiscal year ending 2025.