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6Material company update
Jun 11, 2026·SEC
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Mar 2, 2026·SEC
Spark I Acquisition Corp. Class A Ordinary Share(SPKL)Earnings, Financials & Key Ratios
SPKL•NASDAQ
$12.56
370.5× P/E·Price updated Jun 30, 2026
SectorFinancial ServicesIndustrySPACs & Shell CompaniesSub-IndustryGeneralist SPACs and blank checks
AboutSpark I Acquisition Corporation operates as a blank check company that intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in Palo Alto, California.Show more
- EBITDA-$3M-23.2%
- Net Income$294K-90.7%
- EPS (Diluted)0.03-82.2%
- ROE0.49%-84.4%
SPKL Price & Volume
Spark I Acquisition Corp. Class A Ordinary Share (SPKL) stock price & volume — 10-year historical chart
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SPKL Faces Imminent Liquidation Amidst Asset Erosion
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Imminent liquidation deadline risk
Key Thesis Takeaways
- Spark I Acquisition Corp.
- remains a non-operational shell entity that has failed to secure a business combination since its 2021 inception, resulting in a complete absence of revenue.
- The company's financial position has deteriorated significantly, with total assets contracting from $110.3 million in 2025Q2 to $25.7 million by 2026Q1.
- Investors face substantial risk as the company's dwindling liquidity and rising debt-to-equity ratio of 0.21 suggest an increasingly high probability of mandatory liquidation.
Verdict Logic
the company's cash balance has dwindled to a critical $132.9K, leaving insufficient runway to support ongoing operations or a viable acquisition strategy.
SPKL Growth Metrics
Spark I Acquisition Corp. Class A Ordinary Share (SPKL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-89.35%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-103.28%
Return on Capital
10 Years-34.53%
5 Years-34.53%
3 Years-3.28%
Last Year-4.05%
Peers Comparison
Key metrics vs top competitors for Spark I Acquisition Corp. Class A Ordinary Share (SPKL)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $12.56 | $108.75M | 370.50 | — | — | 0.49% | — | |
| $7.37 | $380.85M | -2.35 | -0.2% | -11.44% | -28.61% | — | |
| $11.10 | $537.95M | 5.16 | 13.07% | 31.34% | 33.02% | — | |
| $1020.21 | $314.22B | 19.88 | -1.38% | 16.31% | 14.31% | — | |
| $211.72 | $333.94B | 20.76 | 11.48% | 15.13% | 16.22% | — | |
| $329.39 | $882.6B | 16.43 | 3.31% | 20.66% | 16.32% | — |
Compare SPKL vs Peers
Spark I Acquisition Corp. Class A Ordinary Share (SPKL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SPKL SEC Filings & Documents
Spark I Acquisition Corp. Class A Ordinary Share (SPKL) SEC filings — annual & quarterly reports (10-K, 10-Q)
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SPKL Frequently Asked Questions
Spark I Acquisition Corp. Class A Ordinary Share (SPKL) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Is SPKL profitable?
Yes, Spark I Acquisition Corp. Class A Ordinary Share (SPKL) is profitable, generating $0.3M in net income for fiscal year 2025.
Dividend & Returns
What is SPKL's return on equity?
Spark I Acquisition Corp. Class A Ordinary Share (SPKL) has a return on equity (ROE) of 0.5%. This is below average, suggesting room for improvement.
What is Spark I Acquisition Corp. Class A Ordinary Share's free cash flow?
Spark I Acquisition Corp. Class A Ordinary Share (SPKL) had negative free cash flow of $2.4M in fiscal year 2025, likely due to heavy capital investments.