Liquidity is under extreme pressure, evidenced by a negative free cash flow of $103.0K in 2025Q3 and a historical operating cash flow to net income ratio that dropped to -2.01 in 2025Q1.
| Metric | TTM | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|
| Cash from Operations | 568.73K | 3.35M | -363.12K | 4.66K | 0 | 17.17M | 18.55M | 15.51M | 8.91M | 19.78M | 24.28M | 17M | 6.95M | 12.06M | 21.52M | 17M |
| Operating CF Margin % | - | - | - | - | - | 21.11% | 28.13% | 28.23% | 11.96% | 21.06% | 35.35% | 33.71% | 15.22% | 28.59% | 67.83% | 32.57% |
| Operating CF Growth % | -149.06% | 1021.98% | -7900.54% | - | -100% | -7.47% | 19.61% | 74.05% | -54.94% | -18.56% | 42.84% | 144.75% | -42.42% | -43.94% | 26.57% | - |
| Net Income | -23.37K | 2.82M | 6.07M | -71.94K | -15.18K | 17.93M | -24.31M | 6.75M | -17.31M | 5.16M | -6.71M | 2.22M | 7.38M | -2.79M | -13.58M | 3.23M |
| Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 6.37M | 6.32M | 7.91M | 10.41M | 10.83M | 12.19M | 12.64M | 14.27M | 13.89M | 21.12M | 39.82M |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 38.73M | -3.24M | -15.91M | -3.89M | -3.62M | -1.09M | -3.98M | -1.86M | -9.84M | 468K |
| Other Non-Cash Items | 0 | 0 | -6.48M | 0 | 15.18K | 9.02M | 1.56M | 395K | -3.95M | 28.12M | 6.31M | -21.05M | 16.29M | 9.8M | 15.38M | -14.01M |
| Working Capital Changes | 225.73K | 527.29K | 45.5K | 76.6K | 0 | -16.16M | -3.75M | 3.7M | 35.68M | -20.44M | 16.11M | 24.28M | -27.01M | -6.99M | 8.44M | -12.51M |
| Change in Receivables | 0 | 0 | 0 | 0 | 0 | -6.82M | -2.92M | 2.01M | 3.71M | -2.92M | -3.09M | 5.4M | 349K | 1.31M | -2.01M | 1.18M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | -88K | 222K | 174K | -42K | -412K | -307K | 36K | 86K | 0 | 0 | 0 |
| Change in Payables | -59.21K | 214.7K | 91.14K | 0 | 0 | 75K | 1.69M | -1.75M | -4.23M | -479K | -2.1M | 2.41M | -680K | 250K | 0 | 3.38M |
| Cash from Investing | 71.75M | 71.1M | -147.12M | 0 | 0 | -7.39M | -4.11M | -807K | -4.68M | -19.36M | -21.93M | -12.03M | 7.64M | -1.44M | -332K | -97.75M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | -9M | -4.18M | -794K | -4.88M | -21.8M | -20.48M | -17M | -9.06M | -3.61M | -645K | -99.04M |
| CapEx % of Revenue | - | - | - | - | - | 11.06% | 6.34% | 1.45% | 6.55% | 23.22% | 29.81% | 33.7% | 19.85% | 8.56% | 2.03% | 189.75% |
| Acquisitions | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 0 | 0 | 0 | 0 | 681K | 261K | 230K | 98K | 0 | 0 | 0 | 9.11M | 32.2M | 9.43M | 3.6M |
| Other Investing | 71.75M | 71.1M | -147.12M | 0 | 0 | 1.6M | 70K | -13K | 203K | 2.44M | -1.45M | 229K | 630K | 2.17M | 683K | 1.29M |
| Cash from Financing | -72.29M | -75.1M | 148.15M | 3.65K | 0 | -16.27M | -10.52M | -10.69M | 15.82M | -2.54M | 1.18M | -6.48M | -18.12M | -7.88M | -21.42M | 82.68M |
| Debt Issued (Net) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -73.53M | -75.92M | 148.39M | 25K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -73.53M | -75.92M | -487.4K | 0 | 0 | -13.86M | -30.01M | -26.09M | -22.08M | -2.03M | -4.15M | -615K | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | -243.06K | 0 | -16.27M | -10.52M | -10.69M | 15.82M | -2.54M | 1.18M | -6.48M | -18.12M | -7.88M | -21.42M | 82.68M |
| Net Change in Cash | 37.1K | -650.37K | 663.32K | 8.3K | 0 | -6.49M | 3.92M | 4.01M | 20.05M | -2.12M | 3.53M | -1.51M | -1.41M | 2.75M | -234K | 1.93M |
| Free Cash Flow | 568.73K | 3.35M | -363.12K | 4.66K | 0 | 8.17M | 14.37M | 14.72M | 4.03M | -2.02M | 3.8M | 3K | -2.11M | 8.45M | 20.87M | -82.04M |
| FCF Margin % | - | - | - | - | - | 10.04% | 21.79% | 26.78% | 5.41% | -2.15% | 5.54% | 0.01% | -4.63% | 20.03% | 65.8% | -157.18% |
| FCF Growth % | -79.58% | 1021.98% | -7900.54% | - | -100% | -43.14% | -2.36% | 265.34% | 299.11% | -153.18% | 126700% | 100.14% | -125.01% | -59.51% | 125.44% | - |
| FCF per Share | 0.71 | 0.45 | -0.06 | 0.00 | - | 3.01 | 5.29 | 5.41 | 1.48 | -0.74 | 1.40 | 0.00 | -0.78 | 3.11 | 7.68 | -30.18 |
| FCF Conversion (FCF/Net Income) | -24.34x | 1.19x | -0.06x | -0.06x | - | -1.18x | -0.26x | 12.36x | -0.76x | 3.86x | -8.97x | 6.95x | 0.94x | -4.33x | -1.58x | 4.27x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Imminent Liquidation Deadline
According to the provided financial data, ISRL's operating cash flow to net income ratio has turned deeply negative in recent quarters, dropping to -2.01 in 2025Q1, which highlights a fundamental disconnect between accounting profits and the actual cash resources available to the shell entity.
The erratic nature of the OCF/NI ratio suggests that reported net income is heavily influenced by non-cash items or non-operating adjustments rather than core business performance. Investors should interpret this divergence as a signal that the company's accounting results provide little insight into its actual liquidity position.
As reported in historical financial statements, ISRL has consistently failed to generate positive free cash flow in recent periods, with a deficit of $103.0K recorded in 2025Q3, underscoring the entity's ongoing reliance on external capital to sustain its administrative and search-related operations.
The persistent negative FCF trajectory indicates that the company is consuming its limited capital reserves without any offsetting operational inflows. This trend suggests that the entity's viability is increasingly tethered to sponsor support rather than internal cash generation.
Based on the quarterly cash flow statements, ISRL experienced a significant working capital swing of -$200.9K in 2025Q1, reflecting the unpredictable nature of managing liabilities within a shell structure that lacks a stable, recurring revenue-generating business model to anchor its cash flows.
These fluctuations in working capital appear to be driven by the timing of professional fees and administrative obligations rather than operational efficiency. Such volatility warrants further investigation into whether the company is deferring essential payments to manage its dwindling cash balance.
Data from recent filings indicates that ISRL utilized $73.5M and $75.9M for share buybacks in 2025Q1 and 2024Q1 respectively, which suggests significant capital outflows related to redemption pressures rather than strategic investment in growth or long-term value creation for remaining shareholders.
These large-scale buybacks appear to be a direct consequence of shareholder redemptions, which significantly deplete the trust account and reduce the entity's overall buying power. This pattern of capital deployment may indicate a lack of confidence from the investor base regarding the company's ability to close a merger.
While the cash flow statement tracks operational outflows, it fails to capture the full extent of the entity's liquidity risk, as the reported $21,257 cash balance suggests that the company is operating near the threshold of insolvency, according to recent company intelligence.
The cash flow statement masks the critical reliance on sponsor loans or trust account interest to cover basic administrative costs. Analysts should monitor whether the company's inability to generate positive cash flow will force a liquidation before a suitable target can be secured.
Quick answers to the most common questions about buying ISRL stock.
Israel Acquisitions Corp (ISRL) generated $3.3M in net cash from operating activities in 2024. This reflects the cash generated directly from core business operations.
Israel Acquisitions Corp (ISRL) generated $3.3M in free cash flow in 2024. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Israel Acquisitions Corp (ISRL) spent $0.0M on capital expenditures in 2024. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
In 2024, Israel Acquisitions Corp (ISRL) spent $75.9M on share repurchases. This shows the company's commitment to returning capital to its equity investors.