Operating cash flow remains negative, with a $216.1K outflow in 2026Q1, highlighting a persistent disconnect between accounting profits and the actual cash resources available for acquisition activities.
Titan Acquisition Corp. (TACH) cash flow statement — 2-year operating, investing & financing cash flows
| Metric | TTM | Dec'25 | Dec'24 |
|---|
| Cash from Operations | -891.94K | -576.61K | -74.2K |
| Operating CF Margin % | - | - | - |
| Operating CF Growth % | -201271570.97% | -677.11% | - |
| Net Income | 9.08M | 7.24M | -253 |
| Depreciation & Amortization | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 |
| Other Non-Cash Items | -2.96M | 0 | -74.06K |
| Working Capital Changes | -7.08M | -7.81M | 118 |
| Change in Receivables | 0 | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 |
| Change in Payables | 255.37K | 0 | 0 |
| Cash from Investing | -277.38M | -277.38M | 0 |
| Capital Expenditures | 0 | 0 | 0 |
| CapEx % of Revenue | - | - | - |
| Acquisitions | 0 | - | - |
| Investments | 288.12M | 285.61M | 0 |
| Other Investing | 0 | 0 | 0 |
| Cash from Financing | 278.75M | 278.65M | 99.2K |
| Debt Issued (Net) | 0 | - | - |
| Equity Issued (Net) | 284.11M | 278.75M | 25K |
| Dividends Paid | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 |
| Other Financing | -5.1M | 0 | 0 |
| Net Change in Cash | 479.17K | 695.3K | 25K |
| Free Cash Flow | -891.94K | -576.61K | -74.2K |
| FCF Margin % | - | - | - |
| FCF Growth % | -3328.3% | -677.1% | - |
| FCF per Share | -0.03 | -0.03 | -12.37 |
| FCF Conversion (FCF/Net Income) | -0.10x | -0.08x | 293.28x |
| Interest Paid | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 |
Quick answers to the most common questions about buying TACH stock.
Titan Acquisition Corp. (TACH) generated $-0.6M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Titan Acquisition Corp. (TACH) reported negative free cash flow of $0.6M in 2025, indicating capital requirements exceeded cash from operations.
Titan Acquisition Corp. (TACH) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.
Key Metrics
Top Statement Risk
Liquidation and deal failure
Metrics are mathematically derived from official filings.
Earnings Disconnect Masks Cash Burn
As reported in financial statements, TACH's net income of $1.8M in 2026Q1 stands in stark contrast to an operating cash outflow of $216.1K, highlighting a significant divergence between accounting profit and the actual cash resources available to the shell entity for its acquisition search.
The persistent negative OCF/NI ratio suggests that the reported net income is likely driven by non-cash accounting adjustments or non-operating items rather than operational success. Investors should interpret this gap as a warning that the company's reported profitability does not translate into the liquidity required to sustain its search for a target.
Negative Free Cash Flow Trajectory
Based on the company's quarterly filings, TACH has consistently reported negative free cash flow, with outflows reaching $444.7K in 2025Q2, indicating that the entity is consuming its limited capital reserves to fund administrative and due diligence activities without generating any offsetting operational cash inflows.
The lack of positive FCF is expected for a pre-revenue shell, yet the magnitude of these outflows relative to the $720,301 cash balance suggests a narrowing runway. This trajectory implies that management may face increasing pressure to finalize a transaction before the company's liquidity is fully exhausted.
Volatile Working Capital Movements
According to recent SEC filings, TACH experienced significant working capital fluctuations, including a $454.5K inflow in 2026Q1 following a $7.5M outflow in 2025Q4, which suggests that the company's cash position is highly sensitive to timing differences in professional service payments and regulatory filing obligations.
These erratic swings in working capital appear to be the primary driver of short-term liquidity changes rather than core business activity. Analysts should monitor these movements closely, as they may indicate management's attempts to manage cash outflows in the absence of any revenue-generating operations.
Hidden Costs of Shell Maintenance
As indicated by the provided data, the cash flow statement obscures the true cost of maintaining public status, as the company's reliance on non-cash accounting entries masks the underlying cash burn required to keep the entity viable during its search for a business combination.
The absence of meaningful capital expenditure or investment activity confirms that all cash outflows are essentially administrative overhead. This structure warrants further investigation into whether the current cash burn rate is sustainable or if the company will require additional dilutive financing to reach a deal.