The company maintains zero revenue generation while reporting quarterly SG&A expenses of $152.9K, which highlights an unsustainable cost structure for a shell entity.
| 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 | 357.58K | 382.32K | 86 |
| OpEx % of Revenue | - | - | - |
| Selling, General & Admin | 357.58K | 382.32K | 86 |
| SG&A % of Revenue | - | - | - |
| Research & Development | 0 | - | - |
| R&D % of Revenue | - | - | - |
| Other Operating Expenses | 0 | - | - |
| Operating Income | -357.58K | -382.32K | -86 |
| Operating Margin % | - | - | - |
| Operating Income Growth % | - | -445578.15% | - |
| EBITDA | -1.14M | -382.32K | 0 |
| EBITDA Margin % | - | - | - |
| EBITDA Growth % | - | - | - |
| D&A (Non-Cash Add-back) | 19 | 0 | 86 |
| EBIT | -989.9K | 0 | -86 |
| Net Interest Income | 989.88K | 0 | 0 |
| Interest Income | 989.88K | 0 | 0 |
| Interest Expense | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - |
| Pretax Income | 14.65K | 2.95K | -86 |
| Pretax Margin % | - | - | - |
| Income Tax | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% |
| Net Income | 14.65K | 2.95K | -86 |
| Net Margin % | - | - | - |
| Net Income Growth % | - | 3536.5% | - |
| Net Income (Continuing) | 14.65K | 2.95K | -86 |
| Discontinued Operations | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| EPS (Diluted) | 0.00 | 0.00 | -0.03 |
| EPS Growth % | - | 102.33% | - |
| EPS (Basic) | - | 0.00 | -0.03 |
| Diluted Shares Outstanding | 11.5M | 5.31M | 3.33K |
| Basic Shares Outstanding | 11.5M | 5.31M | 3.33K |
| Dividend Payout Ratio | - | - | - |
Imminent Liquidation Risk
As reported in recent financial filings, SPEG's quarterly SG&A expenses reached $152.9K in 2026Q1, significantly depleting the company's limited cash reserves of $378,794 and highlighting the unsustainable nature of maintaining a shell entity without a definitive merger agreement to offset these ongoing operational costs.
The company's cost structure is entirely comprised of administrative overhead, which appears to be accelerating relative to the stagnant asset base. This trend suggests that the firm is rapidly approaching a point where the cost of compliance and listing maintenance may exceed the remaining capital available for deal sourcing.
Based on the provided income statement data, SPEG reported a net income of $1.0M in 2026Q1 despite zero revenue, a figure that likely reflects non-operating adjustments or accounting revaluations rather than fundamental operational performance, warranting significant skepticism regarding the sustainability of such earnings for a shell company.
The disconnect between the $152.9K operating loss and the $1.0M net income suggests that non-recurring items are heavily distorting the bottom line. Investors should monitor these fluctuations closely, as they appear to lack any correlation with the company's core objective of executing a semiconductor-focused business combination.
According to historical income statement trends, the persistent lack of revenue combined with a shrinking cash balance suggests that SPEG faces a high probability of forced liquidation, as the company has failed to demonstrate the operational scale necessary to attract institutional PIPE financing for a semiconductor merger.
The absence of a clear path to revenue generation leaves the company entirely dependent on external capital, which appears increasingly difficult to secure in the current market environment. This suggests that the entity may be nearing the end of its lifecycle as a viable acquisition vehicle unless a transformative transaction is announced immediately.
Quick answers to the most common questions about buying SPEG stock.
Silver Pegasus Acquisition Corp Class A Ordinary Shares (SPEG) is profitable, generating $0.0M in net income for the fiscal year ending 2025.