Liquidity is rapidly deteriorating, with the current ratio compressing from 11.76 in 2025Q2 to 1.16 by 2025Q4, signaling increased pressure on the company's ability to meet short-term obligations.
| Total Current Assets | 317.3K | 117.42K |
| Cash & Short-Term Investments | - | - |
| Cash Only | - | - |
| Short-Term Investments | - | - |
| Accounts Receivable | - | - |
| Days Sales Outstanding | - | - |
| Inventory | - | - |
| Days Inventory Outstanding | - | - |
| Other Current Assets | 0 | 0 |
| Total Non-Current Assets | 84.88M | 131.56K |
| Property, Plant & Equipment | 0 | 0 |
| Fixed Asset Turnover | - | - |
| Goodwill | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Long-Term Investments | 84.85M | 0 |
| Other Non-Current Assets | - | - |
| Total Assets | 85.2M | 248.98K |
| Asset Turnover | - | - |
| Asset Growth % | 34119.49% | - |
| Total Current Liabilities | 273.75K | 240K |
| Accounts Payable | 0 | 0 |
| Days Payables Outstanding | - | - |
| Short-Term Debt | 0 | 200K |
| Deferred Revenue (Current) | - | - |
| Other Current Liabilities | 0 | 40K |
| Current Ratio | 1.16x | 0.49x |
| Quick Ratio | 1.16x | 0.49x |
| Cash Conversion Cycle | - | - |
| Total Non-Current Liabilities | 3.31M | 0 |
| Long-Term Debt | 0 | 0 |
| Capital Lease Obligations | - | - |
| Deferred Tax Liabilities | - | - |
| Other Non-Current Liabilities | - | - |
| Total Liabilities | 3.59M | 240K |
| Total Debt | 0 | 200K |
| Net Debt | -187.91K | 135.64K |
| Debt / Equity | - | 22.27x |
| Debt / EBITDA | - | - |
| Net Debt / EBITDA | - | - |
| Interest Coverage | - | - |
| Total Equity | 81.61M | 8.98K |
| Equity Growth % | 908546.38% | - |
| Book Value per Share | 15.24 | 0.00 |
| Total Shareholders' Equity | 81.61M | 8.98K |
| Common Stock | 84.85M | 241 |
| Retained Earnings | -3.23M | -16.02K |
| Treasury Stock | 0 | 0 |
| Accumulated OCI | 0 | 0 |
| Minority Interest | 0 | 0 |
Liquidation and dilution risk
As reported in recent financial statements, QUMSU's cash position has declined from $444.8K in 2025Q2 to $187.9K by 2025Q4, signaling a tightening liquidity profile that may constrain the sponsor's ability to fund the ongoing search for a suitable business combination target within the specified valuation range.
The consistent decline in cash reserves suggests that the company is consuming its limited working capital to cover administrative and regulatory overhead. This trajectory warrants investigation, as the diminishing cash buffer may force management to seek external financing or accelerate merger timelines, potentially compromising the quality of the eventual target.
Based on the 2025Q4 balance sheet, the current ratio has compressed to 1.16 from a peak of 11.76 in 2025Q2, indicating that the company's ability to cover short-term obligations is becoming increasingly strained as the search for a merger partner continues to consume available liquid assets.
The rapid deterioration of the current ratio highlights the precarious nature of the SPAC's liquidity position. Investors should monitor whether the current cash balance is sufficient to sustain operations through the next fiscal period without requiring additional sponsor-provided promissory notes or dilutive capital injections.
According to quarterly filings, retained earnings have deepened to a negative $3.2M as of 2025Q4, reflecting the persistent accumulation of formation and operational costs that have eroded the company's equity base since its inception as a shell entity focused on a future business combination.
The negative retained earnings balance is a direct consequence of the company's inability to generate revenue while incurring fixed professional fees. This trend suggests that the equity value is primarily supported by the trust account rather than operational success, which may impact the valuation of the entity upon a potential merger.
Financial disclosures indicate that the 1/7th share right structure, while intended to be founder-friendly, creates a significant deferred dilution overhang that is not fully captured in the current $81.6M equity figure, potentially misrepresenting the true pro-rata value available to common shareholders upon a successful business combination.
The market may be underestimating the impact of these rights, which function as a contingent liability that will dilute existing shareholders upon conversion. Analysts should interpret the current equity position with caution, as the eventual issuance of these shares could materially alter the post-merger capital structure and earnings per share.
Quick answers to the most common questions about buying QUMSU stock.
As of 2025, Quantumsphere Acquisition Corp. Units (QUMSU) had total assets of $85.2M including $0.3M in current assets.
Quantumsphere Acquisition Corp. Units (QUMSU) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Quantumsphere Acquisition Corp. Units (QUMSU) has total shareholders' equity (book value) of $81.6M ($15.24 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Quantumsphere Acquisition Corp. Units (QUMSU) reported a current ratio of 1.16x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.