Liquidity has reached a critical state with cash reserves plummeting to $4.4K in 2026Q1, failing to cover the recurring administrative costs that previously required $154.7K in quarterly SG&A expenses.
Range Capital Acquisition Corp. (RANG) cash flow statement — 2-year operating, investing & financing cash flows
| Metric | TTM | Dec'25 | Dec'24 |
|---|
| Cash from Operations | -564.37K | -587.28K | -334.27K |
| Operating CF Growth % | 64.62% | -75.69% | - |
| Net Income | 3.67M | 4.04M | -95 |
| Depreciation & Amortization | 0 | 0 | 351.88K |
| Deferred Taxes | 0 | 0 | 0 |
| Other Non-Cash Items | -4.45M | -4.84M | -685.51K |
| Working Capital Changes | 219.54K | 215.28K | -549 |
| Cash from Investing | 99.43M | -15.07M | -100.5M |
| Purchase of Investments | 0 | -15.07M | 0 |
| Sale/Maturity of Investments | 0 | 0 | 0 |
| Net Investment Activity | 0 | -15.07M | 0 |
| Acquisitions | 0 | 0 | 0 |
| Other Investing | 99.43M | 0 | -100.5M |
| Cash from Financing | -99.4M | 15.09M | 101.72M |
| Dividends Paid | 0 | 0 | 0 |
| Share Repurchases | -99.49M | 0 | 0 |
| Stock Issued | -15.17M | 15.09M | -433.87K |
| Net Stock Activity | -114.66M | 15.09M | -433.87K |
| Debt Issuance (Net) | 172K | 0 | 0 |
| Other Financing | 15.09M | 0 | 102.15M |
| Net Change in Cash | -527.37K | -568.53K | 881.85K |
| Exchange Rate Effect | 0 | 0 | 0 |
| Cash at Beginning | 4.39K | 881.85K | 0 |
| Cash at End | 1.86K | 313.32K | 881.85K |
| Interest Paid | 0 | 0 | 0 |
| Income Taxes Paid | 0 | 0 | 0 |
| Free Cash Flow | -564.37K | -587.28K | -334.28K |
| FCF Growth % | 17.6% | -75.69% | - |
Quick answers to the most common questions about buying RANG stock.
Range Capital Acquisition Corp. (RANG) generated $-0.6M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Range Capital Acquisition Corp. (RANG) reported negative free cash flow of $0.6M in 2025, indicating capital requirements exceeded cash from operations.
Range Capital Acquisition Corp. (RANG) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
Key Metrics
Top Statement Risk
Liquidation and deal failure
Metrics are mathematically derived from official filings.
Earnings Disconnect Masks Cash Burn
According to recent SEC filings, RANG's reported net income of $857.7K in 2026Q1 stands in stark contrast to its negative operating cash flow of $233.9K, illustrating a fundamental divergence between accounting profitability and the actual liquidity available to sustain the firm's ongoing search for a target.
The persistent negative OCF/NI ratio suggests that the company's reported income is largely driven by non-cash accounting adjustments rather than operational success. Investors should interpret this gap as a signal that the firm's core business remains in a state of cash depletion, with no underlying cash-generating activity to offset administrative costs.
Persistent Negative Free Cash Flow
As reported in financial statements, RANG has consistently generated negative free cash flow across all observed periods, with a peak cash outflow of $313.6K in 2024Q4, underscoring the company's reliance on its initial capital pool to fund its ongoing search for a business combination.
The lack of positive FCF trajectory indicates that the company is currently a pure cash-consuming entity with no internal mechanism for self-funding. This trend warrants further investigation into how much longer the current cash reserves can support the firm's operational requirements before a capital injection or liquidation becomes necessary.
Working Capital Volatility Signals Instability
Based on RANG's reported figures, working capital changes have fluctuated significantly, ranging from a $215.3K inflow in 2025Q4 to a $194.7K outflow in 2024Q4, reflecting the unpredictable nature of the firm's administrative and compliance-related cash requirements during the pre-merger phase.
These swings in working capital appear to be driven by the timing of professional service payments rather than operational efficiency. The volatility suggests that the company's liquidity position is highly sensitive to the timing of regulatory filings, which may create unexpected pressure on the firm's limited cash reserves.
Accounting Distortions Obscure Liquidity Reality
As indicated by the company's historical financial statements, the reported net income figures are heavily influenced by non-cash derivative warrant liabilities, which effectively mask the underlying cash burn and provide a misleading view of the company's actual financial health to potential investors.
The reliance on these non-cash adjustments suggests that the firm's reported profitability is not indicative of its ability to sustain operations. Analysts should focus exclusively on the cash flow statement to assess the true viability of the shell, as the income statement appears to be decoupled from the firm's actual cash position.