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6Material company update
Apr 27, 2026·SEC
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Dec 23, 2025·SEC
Andretti Acquisition Corp. II(POLEW)Earnings, Financials & Key Ratios
POLEW•NASDAQ
$0.19
0.7× P/E·Price updated Jun 27, 2026
SectorFinancial ServicesIndustrySPACs & Shell CompaniesSub-IndustryGeneralist SPACs and blank checks
AboutAndretti Acquisition Corp. II is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution but is focused on acquiring a compelling asset with a skilled management team that is ready to grow.Show more
- EBITDA-$1M-146.3%
- Net Income$8M+174.1%
- EPS (Diluted)0.28+55.6%
- ROE3.63%+169.1%
POLEW Price & Volume
Andretti Acquisition Corp. II (POLEW) stock price & volume — 10-year historical chart
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Persistent Administrative Burn Threatens Shell Entity Solvency
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidation and deal failure
Key Thesis Takeaways
- Andretti Acquisition Corp.
- II faces significant capital erosion as it struggles to secure a business combination, evidenced by a rapid decline in cash reserves from $234.5M in 2024Q4 to $150.5K by 2026Q1.
- The company's reliance on non-cash accounting adjustments to report positive net income of $1.8M in 2026Q1 masks a deteriorating operational reality characterized by consistent negative free cash flow.
- Investors should remain cautious as the emergence of $1.1M in total debt and the lack of revenue-generating activities suggest an increasing risk of liquidation or dilutive financing before a target is identified.
Verdict Logic
the company's cash position has eroded by over 99% since 2024Q4, leaving only $150.5K in liquidity to support ongoing administrative operations.
POLEW Growth Metrics
Andretti Acquisition Corp. II (POLEW) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
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5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
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EPS CAGR
10 Years-
5 Years-
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Return on Capital
10 Years-0.36%
5 Years-0.36%
3 Years-0.36%
Last Year-0.59%
Peers Comparison
Key metrics vs top competitors for Andretti Acquisition Corp. II (POLEW)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.19 | $4.51M | 0.68 | — | — | 3.63% | — | |
| $7.42 | $383.44M | -2.36 | -0.2% | -11.44% | -28.61% | — | |
| $25.70 | $12.74B | -3172.84 | 26.99% | 0.93% | 7.88% | — | |
| $11.15 | $540.37M | 5.19 | 13.07% | 31.34% | 33.02% | — | |
| $5.92 | $1.95B | -0.49 | 67.58% | -300.36% | -193.02% | — | |
| $15.63 | $19.34B | -5.09 | 8.39% | -63.62% | -69.6% | — |
Compare POLEW vs Peers
Andretti Acquisition Corp. II (POLEW) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
POLEW SEC Filings & Documents
Andretti Acquisition Corp. II (POLEW) SEC filings — annual & quarterly reports (10-K, 10-Q)
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POLEW Frequently Asked Questions
Andretti Acquisition Corp. II (POLEW) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Is POLEW profitable?
Yes, Andretti Acquisition Corp. II (POLEW) is profitable, generating $7.9M in net income for fiscal year 2025.
Dividend & Returns
What is POLEW's return on equity?
Andretti Acquisition Corp. II (POLEW) has a return on equity (ROE) of 3.6%. This is below average, suggesting room for improvement.
What is Andretti Acquisition Corp. II's free cash flow?
Andretti Acquisition Corp. II (POLEW) had negative free cash flow of $1.5M in fiscal year 2025, likely due to heavy capital investments.