The company maintains zero revenue across all historical periods while reporting non-operating net income of $857.7K in 2026Q1, which appears driven by accounting adjustments rather than core business performance.
| Sales/Revenue | 0 | - | - |
| Revenue Growth % | - | - | - |
| Cost of Goods Sold | 0 | - | - |
| COGS % of Revenue | - | - | - |
| Gross Profit | 0 | 0 | 0 |
| Gross Margin % | - | - | - |
| Gross Profit Growth % | - | - | - |
| Operating Expenses | 716.57K | 802.57K | 352 |
| OpEx % of Revenue | - | - | - |
| Selling, General & Admin | 154.69K | 0 | 352 |
| SG&A % of Revenue | - | - | - |
| Research & Development | 0 | - | - |
| R&D % of Revenue | - | - | - |
| Other Operating Expenses | 0 | - | - |
| Operating Income | -716.57K | -802.57K | -146.62K |
| Operating Margin % | - | - | - |
| Operating Income Growth % | - | -447.38% | - |
| EBITDA | -716.57K | -802.57K | -146.27K |
| EBITDA Margin % | - | - | - |
| EBITDA Growth % | - | -448.7% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 352 |
| EBIT | -716.57K | -802.57K | -39.47K |
| Net Interest Income | 4.7M | 4.84M | 96.48K |
| Interest Income | 4.7M | 4.84M | 96.48K |
| Interest Expense | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - |
| Pretax Income | 3.99M | 4.04M | -95 |
| Pretax Margin % | - | - | - |
| Income Tax | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% |
| Net Income | 3.99M | 4.04M | -95 |
| Net Margin % | - | - | - |
| Net Income Growth % | - | 4259690.66% | - |
| Net Income (Continuing) | 3.99M | 4.04M | -95 |
| Discontinued Operations | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| EPS (Diluted) | 0.35 | 0.25 | -0.00 |
| EPS Growth % | - | - | - |
| EPS (Basic) | - | 0.25 | -0.00 |
| Diluted Shares Outstanding | 11.5M | 11.49M | 14.5M |
| Basic Shares Outstanding | 11.5M | 11.49M | 14.5M |
| Dividend Payout Ratio | - | - | - |
Liquidation and deal failure
As indicated by the company's historical financial statements, RANG has recorded zero revenue across all reported periods, reflecting its status as a pre-merger shell entity that lacks any commercial operations or organic growth drivers to support its current valuation or long-term viability.
The absence of revenue is consistent with the firm's mandate as a blank check vehicle, yet it underscores the binary nature of the investment thesis. Investors should monitor the remaining time in the search window, as the lack of top-line activity necessitates a successful business combination to avoid total capital impairment.
Based on reported figures, the company's cost structure is defined by recurring SG&A expenses, which reached $154.7K in 2025Q4, highlighting the persistent drain on working capital required to maintain regulatory compliance and professional service obligations while the firm searches for a suitable acquisition target.
These fixed costs represent a significant hurdle for a company with limited cash reserves. The ongoing operational burn suggests that management must prioritize deal execution to prevent the erosion of the remaining capital pool, which would otherwise be consumed by administrative overhead.
According to recent SEC filings, RANG's reported net income of $857.7K in 2026Q1 appears disconnected from its underlying operational performance, as these figures are likely driven by non-cash adjustments to derivative warrant liabilities rather than any genuine improvement in the company's core business fundamentals.
Analysts should exercise caution when interpreting these positive net income figures, as they do not reflect cash-generating capability. The volatility in these non-operating items warrants further investigation to distinguish between accounting-driven gains and the actual economic health of the shell vehicle.
As reported in financial statements, the company's reliance on a modest cash balance of $313,322 creates a precarious liquidity profile, suggesting that any unforeseen regulatory or legal costs could rapidly exhaust the firm's resources before a definitive merger agreement can be successfully negotiated and closed.
Short-sellers may focus on the potential for a 'liquidation event' if the company fails to secure a target within the mandated timeframe. The current cash position appears insufficient to sustain prolonged search efforts, which may force management into dilutive financing arrangements that would negatively impact existing shareholders.
Quick answers to the most common questions about buying RANG stock.
Range Capital Acquisition Corp. (RANG) is profitable, generating $4.0M in net income for the fiscal year ending 2025.