The company reported zero operational revenue while bottom-line results were distorted by non-operating items, including a $2.2 million net income in 2026Q1 despite the absence of core business activity.
| Sales/Revenue | 0 | 0 | 0 | 0 |
| Revenue Growth % | - | - | - | - |
| Cost of Goods Sold | 0 | 0 | 0 | 0 |
| COGS % of Revenue | - | - | - | - |
| Gross Profit | 0 | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - |
| Gross Profit Growth % | - | - | - | - |
| Operating Expenses | 9M | 544.83K | 64.92K | 0 |
| OpEx % of Revenue | - | - | - | - |
| Selling, General & Admin | 719.37K | 544.83K | 130 | 0 |
| SG&A % of Revenue | - | - | - | - |
| Research & Development | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - |
| Other Operating Expenses | 1000K | 0 | 64.79K | 0 |
| Operating Income | -9M | -544.83K | -64.92K | 0 |
| Operating Margin % | - | - | - | - |
| Operating Income Growth % | - | -739.27% | - | - |
| EBITDA | -397.92K | -223.39K | -64.79K | 0 |
| EBITDA Margin % | - | - | - | - |
| EBITDA Growth % | - | -244.8% | - | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 130 | 0 |
| EBIT | -397.92K | -223.39K | -129 | 0 |
| Net Interest Income | 2.46M | 8.6M | 0 | 0 |
| Interest Income | 2.46M | 8.6M | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 |
| Other Income/Expense | 11.06M | 321.44K | 64.79K | -3 |
| Pretax Income | 2.06M | -223.39K | -129 | -3 |
| Pretax Margin % | - | - | - | - |
| Income Tax | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% |
| Net Income | 2.06M | -223.39K | -129 | -3 |
| Net Margin % | - | - | - | - |
| Net Income Growth % | - | -173068.22% | -4200% | - |
| Net Income (Continuing) | 2.06M | -223.39K | -129 | -3 |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.07 | -0.01 | -0.03 | -0.00 |
| EPS Growth % | - | 61.54% | - | - |
| EPS (Basic) | - | -0.01 | -0.03 | -0.00 |
| Diluted Shares Outstanding | 27.6M | 20.95M | 5K | 5K |
| Basic Shares Outstanding | 27.6M | 20.95M | 5K | 5K |
| Dividend Payout Ratio | - | - | - | - |
Liquidation and Deal Execution
As reported in recent financial filings, SDHI's SG&A expenses have fluctuated significantly, reaching a peak of $8.5 million in 2025Q2, which highlights the inherent volatility in maintaining a public shell entity while actively pursuing a target acquisition within the competitive FoodTech and AgTech sectors.
The erratic nature of SG&A expenses suggests that professional fees and due diligence costs are not linear, potentially straining the company's limited working capital. Investors should monitor whether these administrative outflows necessitate further sponsor loans to maintain the entity's listing status.
Based on the provided income statement data, SDHI reported a net income of $2.2 million in 2026Q1 despite generating zero operational revenue, indicating that bottom-line results are driven by non-operating factors rather than core business performance or sustainable profitability metrics within the technology services industry.
The disconnect between operating losses and positive net income suggests that warrant accounting or interest income from the trust account is creating significant noise. Analysts should discount these figures when evaluating the underlying health of the shell vehicle.
According to historical income statements, the 2025Q2 period marked a critical inflection point where SG&A spiked to $8.5 million, resulting in a net loss of $5.6 million and highlighting the high financial cost of the intensive due diligence required for potential business combinations.
This period appears to represent a high-water mark for transaction-related expenses, likely reflecting an unsuccessful or deferred deal attempt. The subsequent stabilization in expenses suggests a more cautious approach to capital preservation as the liquidation deadline approaches.
With reported cash and equivalents of only $664,894, the company faces a precarious financial position, as noted in recent disclosures, which may limit management's ability to conduct thorough due diligence or secure a viable target before the mandatory liquidation deadline forces a return of capital.
The limited liquidity raises concerns regarding the company's ability to survive a prolonged search process without additional sponsor support. This vulnerability may force management into suboptimal deal terms to avoid the total loss of the SPAC vehicle's value.
Quick answers to the most common questions about buying SDHI stock.
For fiscal year 2025, Siddhi Acquisition Corp (SDHI) reported total revenue of $0.0M.
Siddhi Acquisition Corp (SDHI) reported a net loss of $0.2M for the fiscal year ending 2025.