Equity has eroded from a peak of $435.0M in 2022Q2 to $143.2M by 2026Q1, while the entity carries $6.3M in total liabilities against minimal cash reserves.
| Total Current Assets | 211.57K | 387.02K | 337.76K |
| Cash & Short-Term Investments | - | - | - |
| Cash Only | - | - | - |
| Short-Term Investments | - | - | - |
| Accounts Receivable | - | - | - |
| Days Sales Outstanding | - | - | - |
| Inventory | - | - | - |
| Days Inventory Outstanding | - | - | - |
| Other Current Assets | 0 | 21.27K | 304.18K |
| Total Non-Current Assets | 149.21M | 147.91M | 460.06M |
| Property, Plant & Equipment | 0 | 0 | 0 |
| Fixed Asset Turnover | - | - | - |
| Goodwill | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 |
| Other Non-Current Assets | - | - | - |
| Total Assets | 149.42M | 148.3M | 460.39M |
| Asset Turnover | 0.00x | - | - |
| Asset Growth % | 109569% | -67.79% | - |
| Total Current Liabilities | 96.94K | 97.48K | 1.56M |
| Accounts Payable | 21.93K | 0 | 1.36M |
| Days Payables Outstanding | - | - | - |
| Short-Term Debt | 0 | 0 | 200K |
| Deferred Revenue (Current) | 0 | - | - |
| Other Current Liabilities | 0 | 97.48K | 1.56M |
| Current Ratio | 2.18x | 3.97x | 0.22x |
| Quick Ratio | 2.18x | 3.97x | 0.22x |
| Cash Conversion Cycle | - | - | - |
| Total Non-Current Liabilities | 6.16M | 5.75M | 49.76M |
| Long-Term Debt | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | - | - |
| Deferred Tax Liabilities | 0 | - | - |
| Other Non-Current Liabilities | - | - | - |
| Total Liabilities | 6.26M | 5.85M | 51.32M |
| Total Debt | 0 | 0 | 200K |
| Net Debt | -84.21K | -365.75K | 166.42K |
| Debt / Equity | 0.00x | - | 0.00x |
| Debt / EBITDA | -0.00x | - | 0.01x |
| Net Debt / EBITDA | 0.09x | - | 0.01x |
| Interest Coverage | - | - | - |
| Total Equity | 143.16M | -5.46M | 409.08M |
| Equity Growth % | 239522.22% | -101.33% | - |
| Book Value per Share | 9.96 | -0.58 | 7.11 |
| Total Shareholders' Equity | 143.16M | -5.46M | 409.08M |
| Common Stock | 149.21M | 147.91M | 460.06M |
| Retained Earnings | -6.05M | -5.46M | -50.98M |
| Treasury Stock | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
Liquidation and deal failure
As reported in financial statements, the entity's equity position has shifted from a peak of $435.0M in 2022Q2 to $143.2M by 2026Q1, reflecting a persistent trend of capital depletion that underscores the mounting pressure to secure a viable business combination before the vehicle's eventual liquidation.
The trajectory of the balance sheet suggests a steady decline in net asset value, which is typical for a SPAC that has failed to deploy capital efficiently. Investors should monitor whether the current equity base can sustain further administrative costs without requiring dilutive sponsor infusions.
Based on recent SEC filings, the company's cash position has dwindled to $84.2K as of 2026Q1, a significant contraction from the $365.8K reported in 2025Q4, which indicates an extremely limited buffer for ongoing due diligence and operational expenses in the current high-cost environment.
The current ratio of 2.18 appears misleading given the absolute scarcity of liquid assets available to cover upcoming liabilities. This liquidity profile suggests that the entity may be nearing a critical juncture where external financing or sponsor support becomes a necessity for continued existence.
According to the provided balance sheet data, the company has accrued a deficit of $6.0M in retained earnings as of 2026Q1, a trend that highlights the ongoing erosion of shareholder value caused by persistent administrative overhead without any corresponding operational revenue generation to offset these costs.
The negative trend in retained earnings serves as a proxy for the cost of maintaining the shell vehicle over time. This accumulation of losses warrants further investigation into the sponsor's ability to manage costs effectively while the search for a target company remains unresolved.
As indicated by the 2026Q1 balance sheet, the entity carries $6.3M in total liabilities against a minimal cash balance, suggesting that the headline equity figure may be significantly overstated if these obligations are not met through future capital raises or successful merger-related financing.
The discrepancy between the reported total assets and the actual cash available for operations implies that a large portion of the balance sheet is tied up in non-liquid or restricted assets. This structure poses a risk to common shareholders, as the potential for dilution or liquidation preference remains a primary concern.
Quick answers to the most common questions about buying IPOD stock.
As of 2025, Social Capital Hedosophia Holdings Corp. IV (IPOD) had total assets of $148.3M including $0.4M in current assets.
Social Capital Hedosophia Holdings Corp. IV (IPOD) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Social Capital Hedosophia Holdings Corp. IV (IPOD) has total shareholders' equity (book value) of $-5.5M ($-0.58 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Social Capital Hedosophia Holdings Corp. IV (IPOD) reported a current ratio of 3.97x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.