Despite holding $183.0M in total assets, the entity is burdened by a $7.2M accumulated deficit and a precarious liquidity profile with only $93.5K in cash.
Plum Acquisition Corp. IV (PLMK) balance sheet — 2-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 |
|---|
| Cash & Short Term Investments | 1.15M | 296.25K | 3.86K |
| Cash & Due from Banks | 288.52K | 296.25K | 3.86K |
| Short Term Investments | 0 | 0 | 0 |
| Total Investments | 184.42M | 181.29M | 0 |
| Investments Growth % | 7.85% | - | - |
| Long-Term Investments | 727.93M | 181.29M | 0 |
| 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 | 3.54K | 438.35K |
| Total Current Assets | 383.85K | 393.23K | 3.86K |
| Total Non-Current Assets | 184.42M | 181.29M | 438.35K |
| Total Assets | 184.8M | 181.68M | 442.22K |
| Asset Growth % | 46766.36% | 40984.44% | - |
| Return on Assets (ROA) | 2.75% | 6.65% | -0.02% |
| Accounts Payable | 0 | 0 | 0 |
| Total Debt | 800K | 250K | 149.47K |
| Net Debt | 511.48K | -46.25K | 145.61K |
| Long-Term Debt | 0 | 0 | 0 |
| Short-Term Debt | 800K | 250K | 149.47K |
| Other Liabilities | 6.9M | 6.9M | 0 |
| Total Current Liabilities | 1.81M | 463.94K | 509.2K |
| Total Non-Current Liabilities | 6.9M | 6.9M | 0 |
| Total Liabilities | 8.71M | 7.36M | 509.2K |
| Total Equity | 176.09M | 174.32M | -66.98K |
| Equity Growth % | 6.51% | - | - |
| Equity / Assets (Capital Ratio) | 95.29% | 95.95% | -15.15% |
| Return on Equity (ROE) | 2.87% | 6.95% | - |
| Book Value per Share | 9522.73 | 9.83 | -0.00 |
| Tangible BV per Share | 9522.73 | 9.83 | -0.00 |
| Common Stock | 184.42M | 181.29M | 575 |
| Additional Paid-in Capital | 0 | 0 | 24.43K |
| Retained Earnings | -8.32M | -6.97M | -91.98K |
| Accumulated OCI | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 |
Quick answers to the most common questions about buying PLMK stock.
As of 2025, Plum Acquisition Corp. IV (PLMK) had total assets of $181.7M including $0.4M in current assets.
Plum Acquisition Corp. IV (PLMK) carries total debt of $0.3M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Plum Acquisition Corp. IV (PLMK) has total shareholders' equity (book value) of $174.3M ($9.83 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Plum Acquisition Corp. IV (PLMK) reported a current ratio of 0.85x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Liquidation and deal failure
Metrics are mathematically derived from official filings.
Diminishing Cash Runway Pressures Operations
According to the 2026Q1 financial statements, PLMK's cash position has dwindled to $93.5K, representing a significant decline from the $577.4K reported in 2025Q1, which suggests the vehicle is rapidly exhausting its available capital to fund ongoing administrative and compliance-related search activities.
The current ratio of 0.43 indicates that the company lacks sufficient liquid assets to cover its near-term liabilities, placing the entity in a precarious financial position. This liquidity crunch may force management to prioritize immediate capital preservation over the strategic vetting of potential acquisition targets.
Capital Erosion Signals Structural Fragility
As reported in recent quarterly filings, the company's total assets have grown to $183.0M, yet this figure is largely comprised of restricted trust capital, while the underlying operating cash reserves have consistently trended downward since the 2025Q1 peak of $577.4K, indicating a weakening core financial foundation.
The persistent accumulation of a $7.2M deficit in retained earnings highlights the ongoing cost of maintaining a public shell without generating operational revenue. This trajectory suggests that the vehicle's viability is increasingly tethered to the successful execution of a merger rather than internal financial health.
Accumulated Deficits Undermine Equity Quality
Based on the company's balance sheet, the equity position is heavily burdened by a $7.2M accumulated deficit as of 2026Q1, which reflects the cumulative impact of administrative expenses incurred during the search phase and suggests a lack of organic value creation prior to a business combination.
The negative trend in retained earnings serves as a primary indicator of the capital consumption inherent in the SPAC model. Investors should monitor whether future equity issuances or sponsor contributions are required to stabilize the balance sheet before the liquidation deadline is reached.
Misleading Asset Composition Masks Risk
While total assets appear substantial at $183.0M, the vast majority of this balance is restricted in trust, leaving the company with a mere $93.5K in unrestricted cash, a discrepancy that warrants investigation into the entity's actual ability to sustain operations without further sponsor-led capital injections.
The headline asset figure obscures the reality that the company is essentially a pre-revenue entity with limited operational flexibility. Relying on total asset growth as a proxy for business health is misleading, as the capital is largely inaccessible for the day-to-day costs of the search process.