The company maintains a stagnant revenue profile with zero operational income, while quarterly administrative costs reached $435.5K in 2026Q1.
| Sales/Revenue | 0 | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - | - |
| Operating Expenses | 168.02K | 537.45K | 135 | 2.22M | 897.3K | 11 |
| OpEx % of Revenue | - | - | - | - | - | - |
| Selling, General & Admin | 1.4M | 537.45K | 135 | 1.99M | 897.3K | 11 |
| SG&A % of Revenue | - | - | - | - | - | - |
| Research & Development | 0 | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - |
| Operating Income | -1.41M | -537.45K | -67.33K | -2.22M | -897.3K | -11 |
| Operating Margin % | - | - | - | - | - | - |
| Operating Income Growth % | - | -698.24% | 96.97% | -147.69% | -8490607.8% | - |
| EBITDA | -1.41M | -537.45K | -67.19K | -1.99M | -660.74K | 206.29K |
| EBITDA Margin % | - | - | - | - | - | - |
| EBITDA Growth % | 44.44% | -699.84% | 96.63% | -201.79% | -420.3% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 135 | 228.49K | 236.56K | 206.3K |
| EBIT | -787.43K | -537.45K | -67.33K | 0 | 0 | 0 |
| Net Interest Income | 7.32M | 7.01M | 0 | 2.41M | 8.36K | 0 |
| Interest Income | 7.32M | 7.01M | 0 | 2.41M | 8.36K | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - | - | - |
| Pretax Income | 5.91M | 6.47M | -134 | 191.48K | -888.94K | -11 |
| Pretax Margin % | - | - | - | - | - | - |
| Income Tax | 116.78K | 0 | 0 | 445.31K | -8.36K | 0 |
| Effective Tax Rate % | 1.98% | 0% | 0% | 232.56% | 0.94% | 0% |
| Net Income | 5.79M | 6.47M | -134 | -253.83K | -880.58K | -11 |
| Net Margin % | - | - | - | - | - | - |
| Net Income Growth % | 19972.05% | 4828276.12% | 99.95% | 71.17% | -8332451.1% | - |
| Net Income (Continuing) | 5.79M | 6.47M | -134 | -253.83K | -345.49K | -11 |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.25 | 0.37 | -0.02 | -0.02 | -0.38 | 0.00 |
| EPS Growth % | 1143.32% | 1931.68% | -23.17% | 95.68% | - | - |
| EPS (Basic) | - | 0.37 | -0.02 | -0.02 | -0.38 | 0.00 |
| Diluted Shares Outstanding | 23.6M | 17.64M | 6.67K | 15.5M | 2.29M | 30.06M |
| Basic Shares Outstanding | 23.6M | 17.64M | 6.67K | 15.5M | 2.29M | 30.06M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Liquidation and deal failure
As reported in financial statements, SZZL continues to incur recurring SG&A expenses despite generating zero operational revenue, with quarterly administrative costs reaching $435.5K in 2026Q1, which highlights the ongoing capital consumption required to maintain the entity's public listing status while searching for a viable acquisition target.
The consistent administrative burn rate suggests that the company is depleting its limited cash reserves to fund legal and accounting overhead. Investors should monitor whether this expense trajectory forces management into an accelerated, potentially suboptimal, business combination to avoid total capital exhaustion.
Based on the provided income statement data, SZZL's reported net income of $1.6M in 2026Q1 appears disconnected from its operational reality, as the figure is driven by non-operating items rather than core business performance, which remains nonexistent for this pre-combination blank-check entity.
The volatility in net income, swinging from losses to gains, likely reflects the mark-to-market accounting of warrant liabilities rather than fundamental value creation. Analysts should disregard these non-cash fluctuations when assessing the company's actual runway and ability to fund future transaction costs.
According to recent SEC filings, the company's cash position of $805,124 creates a precarious environment where the lack of operational revenue leaves the entity highly vulnerable to liquidity constraints, potentially limiting the sponsor's ability to conduct thorough due diligence on prospective acquisition targets in the current market.
The reliance on interest income to offset administrative costs may prove insufficient if interest rates decline or if the search process extends beyond current projections. This financial profile suggests that the entity may face significant pressure to secure external financing or finalize a deal, which could dilute existing shareholders.
As evidenced by the ten-quarter historical data, SZZL maintains a consistent lack of operational revenue, confirming that the entity remains in a pre-combination phase where growth is entirely dependent on the successful identification and execution of a future business combination rather than organic business expansion.
The absence of revenue growth is expected for a shell company, yet the lack of progress toward a definitive agreement warrants investigation into the sponsor's deal-sourcing efficacy. The trajectory remains flat, indicating that the company has yet to achieve the primary objective of its corporate structure.
Quick answers to the most common questions about buying SZZL stock.
Sizzle Acquisition Corp. II (SZZL) is profitable, generating $6.5M in net income for the fiscal year ending 2025.