10-K Annual Reports
1FY 2025
Mar 13, 2025·SEC
Graf Global Corp.(GRAF)Earnings, Financials & Key Ratios
GRAF•AMEX•Banking & Credit
38.8× P/E·Price updated Jun 13, 2026
SectorFinancial ServicesIndustrySPACs & Shell CompaniesSub-IndustryGeneralist SPACs and blank checks
AboutGraf Global Corp., a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in The Woodlands, Texas.Show more
- Net Interest Income$10M
- Total Revenue$0
- Net Income$8M+53.2%
- Return on Equity3.48%+50.6%
- Net Interest Margin4.01%
- ROA3.33%+50.3%
- Equity / Assets95.49%-0.3%
- Book Value per Share8.16-57.6%
- Tangible BV/Share8.16-57.6%
GRAF Key Insights
Graf Global Corp. (GRAF) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong NIM of 4.0%
- ✓Well capitalized: 95.5% equity/assets
- ✓Trading at only 1.3x book value
✗Weaknesses
- ✗Weak 3Y average ROE of 2.9%
- ✗Weak Piotroski F-Score: 2/9
- ✗Shares diluted 100.0% in last year
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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GRAF Price & Volume
Graf Global Corp. (GRAF) stock price & volume — 10-year historical chart
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GRAF Growth Metrics
Graf Global Corp. (GRAF) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years14.49%
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years16.59%
3 Years-
TTM-
Return on Capital
10 Years-0.3%
5 Years-0.35%
3 Years-0.49%
Last Year-0.76%
GRAF Recent Earnings
Graf Global Corp. (GRAF) EPS & revenue vs analyst estimates — last 4 quarters
Q2 2026Latest
May 15, 2026EPS
$0.07
Revenue
—
Q2 2026
May 11, 2026EPS
$0.06
Revenue
—
Q2 2026
Mar 11, 2026EPS
$0.06
Revenue
—
Q4 2025
Nov 13, 2025EPS
$0.06
Revenue
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 15, 2026 | $0.07 | — |
| Q2 2026 | May 11, 2026 | $0.06 | — |
| Q2 2026 | Mar 11, 2026 | $0.06 | — |
| Q4 2025 | Nov 13, 2025 | $0.06 | — |
Based on last 8 quarters of dataView full earnings history →
GRAF Peer Comparison
Graf Global Corp. (GRAF) competitors in Generalist SPACs and blank checks — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 AMG | 9.46B | 354.62 | 15.59 | 19.83% | 30.92% | 16.01% | 0.61 | |
 ARES | 44.3B | 134.90 | 68.83 | 66.55% | 9% | 6.25% | 1.71 | |
 BX | 96.22B | 122.79 | 31.65 | 21.58% | 21.83% | 14.35% | 0.61 | |
 KKR | 85.8B | 96.24 | 41.13 | -10.99% | 12.45% | 3.19% | 0.67 | |
 APO | 77.18B | 133.88 | 18.44 | 16.03% | 7.24% | 5.52% | 0.31 | |
 GS | 337.53B | 1062.75 | 20.71 | -1.38% | 13.73% | 13.58% | 4.88 | |
 MS | 340.97B | 214.04 | 20.98 | 11.48% | 14.66% | 15.3% | 4.22 | |
 LAZ | 4.11B | 43.72 | 20.15 | 3.25% | 7.5% | 26.7% | 2.61 |
Compare GRAF vs Peers
Graf Global Corp. (GRAF) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
GRAF Income Statement
Graf Global Corp. (GRAF) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'18 | Dec'19 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
Net Interest Income | 0 | 0 | 0 | 0 | 0 | 9.84M |
NII Growth % | - | - | - | - | - | - |
Net Interest Margin % | 0% | 0% | - | - | 0% | 4.01% |
Interest Income | 0 | 0 | 0 | 0 | 0 | 9.84M |
Interest Expense | 4.57M | 0 | 0 | 0 | 0 | 0 |
Loan Loss Provision | -4.57M | 0 | 0 | 0 | 0 | 0 |
Non-Interest Income | 0 | 0 | 0 | 0 | 0 | -9.84M |
Non-Interest Income % | - | - | - | - | - | - |
Total Revenue | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% |
Revenue Growth % | - | - | - | - | - | - |
Non-Interest Expense | 282.89K | 717.54K | 133.84K | 3.15K | 531.28K | 1.83M |
Efficiency Ratio | - | - | - | - | - | - |
Operating Income | -283K▲ 0% | -718K▼ 153.7% | -133.84K▲ 81.4% | -3.15K▲ 97.6% | -531.28K▼ 16760.6% | -1.83M▼ 243.5% |
Operating Margin % | - | - | - | - | - | - |
Operating Income Growth % | - | -153.71% | 81.36% | 97.65% | - | -243.54% |
Pretax Income | 4.29M▲ 0% | -12.84M▼ 399.4% | -133.84K▲ 99.0% | -3.15K▲ 97.6% | 5.23M▲ 166189.7% | 8.02M▲ 53.2% |
Pretax Margin % | - | - | - | - | - | - |
Income Tax | 214.66K | 1.08M | 0 | 0 | 0 | 0 |
Effective Tax Rate % | 5% | -8.4% | 0% | 0% | 0% | 0% |
Net Income | 4.08M▲ 0% | -13.92M▼ 441.6% | -133.84K▲ 99.0% | -3.15K▲ 97.6% | 5.23M▲ 166189.7% | 8.02M▲ 53.2% |
Net Margin % | - | - | - | - | - | - |
Net Income Growth % | - | -441.58% | 99.04% | 97.65% | - | 53.23% |
Net Income (Continuing) | 4.08M | -13.92M | -133.84K | -3.15K | 5.23M | 8.02M |
EPS (Diluted) | 0.13▲ 0% | -0.46▼ 453.8% | -0.03▲ 94.2% | -0.00▲ 97.8% | 0.44▲ 73433.3% | 0.28▼ 36.4% |
EPS Growth % | - | -453.85% | 94.17% | 97.76% | - | -36.36% |
EPS (Basic) | 0.13 | -0.46 | -0.03 | -0.00 | 0.44 | 0.28 |
Diluted Shares Outstanding | 30.3M | 30.47M | 5M | 5M | 11.78M | 28.75M |
GRAF Balance Sheet
Graf Global Corp. (GRAF) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'18 | Dec'19 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
Cash & Short Term Investments | 1.44M | 698.32K | 0 | 0 | 479.63K | 699 |
Cash & Due from Banks | 1.44M | 698.32K | 0 | 0 | 479.63K | 699 |
Short Term Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Total Investments | 0 | 0 | 0 | 0 | 0 | 245.61M |
Investments Growth % | - | - | - | - | - | - |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 245.61M |
Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | 244.89M | 248.99M | 0 | 0 | 235.87M | 0 |
Total Current Assets | 1.54M | 727.79K | 0 | 0 | 717.09K | 116.25K |
Total Non-Current Assets | 244.89M | 248.99M | 0 | 0 | 235.87M | 245.61M |
Total Assets | 246.43M▲ 0% | 249.72M▲ 1.3% | 0▼ 100.0% | 0▲ 0% | 236.59M▲ 0% | 245.73M▲ 3.9% |
Asset Growth % | - | 1.33% | -100% | - | - | 3.86% |
Return on Assets (ROA) | 1.65% | -5.61% | - | - | 2.21% | 3.33% |
Accounts Payable | 110.18K | 28K | 0 | 0 | 0 | 0 |
Total Debt | 0 | 0 | 2.79K | 5.69K | 0 | 0 |
Net Debt | -1.44M | -698.32K | 2.79K | 5.69K | -479.63K | -699 |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 |
Short-Term Debt | 0 | 0 | 2.79K | 5.69K | 0 | 0 |
Other Liabilities | 15.14M | 0 | 0 | 0 | 9.8M | 9.8M |
Total Current Liabilities | 527.85K | 32.89M | 152.94K | 156.09K | 169.69K | 1.28M |
Total Non-Current Liabilities | 15.14M | 0 | 0 | 0 | 9.8M | 9.8M |
Total Liabilities | 15.66M | 32.89M | 152.94K | 156.09K | 9.97M | 11.08M |
Total Equity | 230.77M▲ 0% | 216.83M▼ 6.0% | -152.94K▼ 100.1% | -156.09K▼ 2.1% | 226.62M▲ 145287.6% | 234.64M▲ 3.5% |
Equity Growth % | - | -6.04% | -100.07% | -2.06% | - | 3.54% |
Equity / Assets (Capital Ratio) | 93.64% | 86.83% | - | - | 95.79% | 95.49% |
Return on Equity (ROE) | 1.77% | -6.22% | -0.12% | - | 2.31% | 3.48% |
Book Value per Share | 7.62 | 7.12 | -0.03 | -0.03 | 19.23 | 8.16 |
Tangible BV per Share | 7.62 | 7.12 | -0.03 | -0.03 | 19.23 | 8.16 |
Common Stock | 225.77M | 211.83M | 575 | 575 | 235.77M | 245.61M |
Additional Paid-in Capital | 0 | 0 | 24.43K | 24.43K | 0 | 0 |
Retained Earnings | 4.08M | -9.85M | -177.94K | -181.09K | -9.14M | -10.97M |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 |
GRAF Cash Flow Statement
Graf Global Corp. (GRAF) cash flow — operating, investing & free cash flow history
| Metric | Dec'18 | Dec'19 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|
Cash from Operations | -196.35K | -1.78M | 0 | 0 | -912.01K | -393.93K |
Operating CF Growth % | - | -808.56% | 100% | - | - | 56.81% |
Net Income | 4.08M | -13.92M | -133.84K | -3.15K | 5.23M | 8.02M |
Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | -4.56M | 12.13M | 4.13K | 2.9K | -5.73M | -9.84M |
Working Capital Changes | 292.7K | 12.86K | 129.71K | 253 | -412.88K | 1.43M |
Cash from Investing | -243.77M | 1.14M | 0 | 0 | -230M | 0 |
Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 |
Sale/Maturity of Investments | 0 | 1000K | 0 | 0 | 0 | 0 |
Net Investment Activity | 0 | 1000K | 0 | 0 | 0 | 0 |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | -243.77M | 0 | 0 | 0 | -230M | 0 |
Cash from Financing | 245.4M | -100.56K | 0 | 0 | 231.39M | -85K |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 243.77M | 0 | 0 | 0 | 0 | 0 |
Stock Issued | 243.77B | 0 | 0 | 0 | 226M | -85K |
Net Stock Activity | 244.01B | 0 | 0 | 0 | 226M | -85K |
Debt Issuance (Net) | 0 | 0 | 0 | 0 | -155.69K | 0 |
Other Financing | 245.4M | -100.56K | 0 | 0 | 5.55M | 0 |
Net Change in Cash | 1.44M▲ 0% | -742.58K▼ 151.5% | 0▲ 100.0% | 0▲ 0% | 479.63K▲ 0% | -478.93K▼ 199.9% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 0 | 1.44M | 0 | 0 | 0 | 479.63K |
Cash at End | 1.44M | 698.32K | 0 | 0 | 479.63K | 699 |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | -196.35K▲ 0% | -1.78M▼ 808.6% | 0▲ 100.0% | 0▲ 0% | -912.01K▲ 0% | -393.93K▲ 56.8% |
FCF Growth % | - | -808.56% | 100% | - | - | 56.81% |
GRAF Banking Ratios
Graf Global Corp. (GRAF) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 1.77% | -6.22% | -0.12% | - | 2.31% | 3.48% |
| Return on Assets (ROA) | 1.65% | -5.61% | - | - | 2.21% | 3.33% |
| Net Interest Margin | 0% | 0% | - | - | 0% | 4.01% |
| Equity / Assets | 93.64% | 86.83% | - | - | 95.79% | 95.49% |
| Book Value / Share | 7.62 | 7.12 | -0.03 | -0.03 | 19.23 | 8.16 |
Related:GRAF Dividend History·GRAF Revenue History·GRAF Price History·GRAF P/E History·GRAF Financial Ratios·GRAF Institutional Holders
GRAF SEC Filings & Documents
Graf Global Corp. (GRAF) SEC filings — annual & quarterly reports (10-K, 10-Q)
GRAF Frequently Asked Questions
Graf Global Corp. (GRAF) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Graf Global Corp. (GRAF) grew revenue by 0.0% over the past year. Growth has been modest.
Yes, Graf Global Corp. (GRAF) is profitable, generating $8.0M in net income for fiscal year 2025.
Dividend & Returns
Graf Global Corp. (GRAF) has a return on equity (ROE) of 3.5%. This is below average, suggesting room for improvement.
Industry Metrics
Graf Global Corp. (GRAF) has a net interest margin (NIM) of 4.0%. This indicates healthy earnings from lending activities.
Graf Global Corp. (GRAF) has an efficiency ratio of 0.0%. This is excellent, indicating strong cost control.