The company has generated zero revenue across all observed periods, while operating expenses of $162.4K in 2026Q1 continue to erode the entity's limited capital base.
| Sales/Revenue | 0 | - | - |
| Revenue Growth % | - | - | - |
| Cost of Goods Sold | 0 | - | - |
| COGS % of Revenue | - | - | - |
| Gross Profit | 0 | 0 | 0 |
| Gross Margin % | - | - | - |
| Gross Profit Growth % | - | - | - |
| Operating Expenses | 215.49K | 0 | 32 |
| OpEx % of Revenue | - | - | - |
| Selling, General & Admin | 152.6K | 0 | 0 |
| SG&A % of Revenue | - | - | - |
| Research & Development | 0 | - | - |
| R&D % of Revenue | - | - | - |
| Other Operating Expenses | 0 | - | - |
| Operating Income | -377.87K | -368K | -32 |
| Operating Margin % | - | - | - |
| Operating Income Growth % | - | -1148953.89% | - |
| EBITDA | 787.93K | -368K | -18.68K |
| EBITDA Margin % | - | - | - |
| EBITDA Growth % | - | -1869.79% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 |
| EBIT | 950.31K | 0 | -18.68K |
| Net Interest Income | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - |
| Pretax Income | 1.82M | 1.82M | -32 |
| Pretax Margin % | - | - | - |
| Income Tax | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% |
| Net Income | 1.82M | 1.82M | -32 |
| Net Margin % | - | - | - |
| Net Income Growth % | - | 5689889.55% | - |
| Net Income (Continuing) | 1.82M | 1.82M | -32 |
| Discontinued Operations | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| EPS (Diluted) | - | 0.21 | -0.01 |
| EPS Growth % | - | 1740.63% | - |
| EPS (Basic) | - | 0.21 | -0.01 |
| Diluted Shares Outstanding | 11.5M | 5.71M | 2.5K |
| Basic Shares Outstanding | 11.5M | 5.71M | 2.5K |
| Dividend Payout Ratio | - | - | - |
Liquidation and funding risk
As reported in recent financial filings, Indigo Acquisition Corp. has generated zero revenue across all observed periods, reflecting its status as a pre-combination shell entity that is entirely dependent on the successful identification and acquisition of an operating business to establish any meaningful top-line growth trajectory.
The absence of revenue is consistent with the company's current lifecycle stage as a blank-check vehicle. Investors should recognize that the lack of operational history renders traditional growth analysis inapplicable, as the company's future performance is binary and contingent upon the completion of a business combination.
Based on the provided income statement data, the company's operating expenses, which reached $162.4K in 2026Q1, highlight a persistent burn rate that continues to erode the entity's limited cash reserves while it searches for a suitable acquisition target within the competitive micro-SPAC ecosystem.
The cost structure is comprised entirely of administrative and regulatory overhead, which is necessary to maintain the public listing. This expense profile suggests that management faces increasing pressure to secure a merger, as the ongoing depletion of capital may eventually necessitate dilutive financing or sponsor-led capital injections.
According to the latest quarterly reports, Indigo Acquisition Corp. recorded a net income of $873.6K in 2026Q1 despite having no operating revenue, which suggests that reported earnings are driven by non-operating items rather than the underlying performance of the shell company's core business activities.
The disconnect between operating losses and positive net income warrants further investigation into the nature of these non-operating gains, likely related to interest income or warrant liability adjustments. Analysts should discount these figures when assessing the company's fundamental health, as they do not reflect sustainable operational profitability.
As indicated by the company's $666,920 cash position, the entity faces significant risks, as the limited liquidity provides a narrow margin for error in covering professional service fees and regulatory compliance costs before a potential liquidation event becomes a material concern for shareholders.
The current cash-to-expense ratio suggests that the company is operating under a strict timeline, which may force management to prioritize speed over the quality of potential acquisition targets. Investors should monitor whether the sponsor is required to provide additional funding, as this would signal a lack of external confidence in the current deal-sourcing pipeline.
Quick answers to the most common questions about buying INAC stock.
Indigo Acquisition Corp. (INAC) is profitable, generating $1.8M in net income for the fiscal year ending 2025.