The capital structure is dominated by $62.6M in cash and cash equivalents, resulting in a high current ratio of 165.23 that reflects the entity's status as a funded acquisition vehicle.
| Cash & Short Term Investments | 126.92M | 62.06M | 1.33M |
| Cash & Due from Banks | 873.74K | 1.02M | 1.33M |
| Short Term Investments | 61.76M | 61.04M | 0 |
| Total Investments | 61.76M | 61.04M | 58.61M |
| Investments Growth % | 11.29% | 4.15% | - |
| Long-Term Investments | 68.32M | 0 | 58.61M |
| 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 | 0 |
| Total Current Assets | 62.7M | 62.06M | 1.34M |
| Total Non-Current Assets | 0 | 0 | 58.61M |
| Total Assets | 62.7M | 62.06M | 59.94M |
| Asset Growth % | 15345.85% | 3.53% | - |
| Return on Assets (ROA) | 1.94% | 0.47% | 1.57% |
| Accounts Payable | 0 | 0 | 0 |
| Total Debt | 27.72K | 0 | 0 |
| Net Debt | -846.02K | -1.02M | -1.33M |
| Long-Term Debt | 0 | 0 | 0 |
| Short-Term Debt | 27.72K | 0 | 0 |
| Other Liabilities | 0 | 0 | 52.14M |
| Total Current Liabilities | 379.48K | 158K | 111.33K |
| Total Non-Current Liabilities | 0 | 0 | 52.14M |
| Total Liabilities | 379.48K | 158K | 52.25M |
| Total Equity | 9.02M | 1.8M | 7.69M |
| Equity Growth % | 299876.41% | -76.55% | - |
| Equity / Assets (Capital Ratio) | 14.39% | 2.91% | 12.84% |
| Return on Equity (ROE) | 5.96% | 6.06% | 12.22% |
| Book Value per Share | 1.57 | 0.31 | 4.13 |
| Tangible BV per Share | 1.57 | 0.31 | 4.13 |
| Common Stock | 8.94M | 122.16M | 112.08M |
| Additional Paid-in Capital | 80.82K | 0 | 7.69M |
| Retained Earnings | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 |
Liquidation timeline expiration risk
As reported in financial statements, FVN's total assets surged from $395.3K in 2024Q2 to $62.7M by 2026Q1, primarily reflecting the accumulation of trust-related cash, which suggests a transition from a nascent shell entity to a fully funded vehicle awaiting a definitive business combination.
The dramatic expansion in asset size indicates that the entity has successfully secured the necessary capital to support a potential acquisition. However, the lack of operational revenue growth suggests that this trajectory is purely mechanical and remains entirely dependent on the sponsor's ability to identify a target before the liquidation clock expires.
Based on the provided balance sheet data, FVN's asset base is almost exclusively comprised of cash and cash equivalents, with $62.6M in cash reported for 2026Q1, confirming an asset-light model that lacks any productive property, plant, or equipment to generate future operational value.
The absence of non-cash assets underscores the entity's status as a pure financial vehicle rather than an operating business. Investors should monitor the composition of these assets, as any significant shift away from cash could indicate the commencement of deal-related expenses or potential impairment risks if the search process becomes protracted.
According to recent SEC filings, FVN maintains a current ratio of 165.23 as of 2026Q1, which appears to provide a substantial buffer against short-term liabilities, though this metric is heavily skewed by the large cash balance held in trust for potential redemption by public shareholders.
While the headline liquidity ratio appears robust, it may be misleading if the trust funds are restricted from being used for general operating expenses. The company's reliance on these reserves to cover ongoing administrative costs suggests that liquidity could tighten rapidly if the search for a target extends beyond current projections.
As evidenced by the historical data, the equity base has experienced significant volatility, swinging from $20.3K in 2024Q2 to $9.0M in 2026Q1, which warrants further investigation into the potential dilutive impact of founder shares and warrants on the ultimate value available to public shareholders.
The fluctuation in equity suggests that the capital structure is subject to complex accounting adjustments that may not reflect the actual economic value of the sponsor's stake. Investors should be cautious, as the conversion of these instruments could significantly alter the pro-rata ownership and diminish the attractiveness of any eventual business combination.
Quick answers to the most common questions about buying FVN stock.
As of 2025, Future Vision II Acquisition Corp. (FVN) had total assets of $62.1M including $62.1M in current assets.
Future Vision II Acquisition Corp. (FVN) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Future Vision II Acquisition Corp. (FVN) has total shareholders' equity (book value) of $1.8M ($0.31 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Future Vision II Acquisition Corp. (FVN) reported a current ratio of 392.79x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.