The company reports zero operational revenue, with a 2026Q1 net income of $2.2 million driven exclusively by non-operating interest income rather than core business activity.
| Sales/Revenue | 0 | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - |
| Gross Profit | -103.25M | 0 | -107.04M | 34.03M | 41.25M | 43.3M | 156.19M |
| Gross Margin % | - | - | -20.87% | 6.73% | 8.75% | 9.58% | 72.49% |
| Gross Profit Growth % | - | - | -414.53% | -17.49% | -4.74% | -72.28% | - |
| Operating Expenses | 20.01M | 647.45K | 43.88M | 43.77M | 38.15M | 37.22M | 196.2M |
| OpEx % of Revenue | - | - | 8.55% | 8.66% | 8.09% | 8.23% | 91.07% |
| Selling, General & Admin | 20.01M | 647.45K | 43.88M | 43.77M | 38.15M | 37.22M | 17.5M |
| SG&A % of Revenue | - | - | 8.55% | 8.66% | 8.09% | 8.23% | 8.12% |
| Research & Development | 0 | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - | - |
| Operating Income | -103.96M | -647.45K | -107.04M | 34.03M | 41.25M | 43.3M | 19.25M |
| Operating Margin % | - | - | -20.87% | 6.73% | 8.75% | 9.58% | 8.93% |
| Operating Income Growth % | - | - | -414.53% | -17.49% | -4.74% | 124.97% | - |
| EBITDA | -81.19M | -647.45K | -59.32M | 59.51M | 64.19M | 66.21M | 30.52M |
| EBITDA Margin % | - | - | -11.57% | 11.77% | 13.62% | 14.65% | 14.17% |
| EBITDA Growth % | - | - | -199.7% | -7.3% | -3.06% | 116.93% | - |
| D&A (Non-Cash Add-back) | 22.77M | 0 | 47.72M | 25.47M | 22.94M | 22.91M | 11.28M |
| EBIT | -103.96M | -647.45K | -106.68M | 34.69M | 41.25M | 42.57M | 0 |
| Net Interest Income | -2.78M | 13.85K | -7.24M | 0 | 0 | 0 | 0 |
| Interest Income | 9.78K | 13.85K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 2.79M | 0 | 7.24M | 9.07M | 7.2M | 6.33M | 0 |
| Other Income/Expense | 0 | - | - | - | - | - | - |
| Pretax Income | -101.95M | 7.88M | -113.91M | 25.62M | 34.05M | 36.24M | 2.77M |
| Pretax Margin % | - | - | -22.21% | 5.07% | 7.22% | 8.02% | 1.28% |
| Income Tax | -2.99M | 0 | 4.37M | 6.66M | -15.82M | 15.33M | 112K |
| Effective Tax Rate % | 2.93% | 0% | -3.84% | 25.99% | -46.48% | 42.3% | 4.05% |
| Net Income | -98.96M | 7.88M | -118.28M | 18.96M | 49.87M | 20.91M | 2.65M |
| Net Margin % | - | - | -23.06% | 3.75% | 10.58% | 4.63% | 1.23% |
| Net Income Growth % | - | - | -723.9% | -61.98% | 138.47% | 688.28% | - |
| Net Income (Continuing) | -98.96M | 7.88M | -118.28M | 18.96M | 49.87M | 20.91M | 2.65M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | - | 0.29 | -3.19 | 0.48 | 1.25 | 0.54 | 0.07 |
| EPS Growth % | - | - | -764.58% | -61.6% | 131.48% | 687.17% | - |
| EPS (Basic) | - | 0.29 | -3.19 | 0.48 | 1.29 | 0.54 | 0.07 |
| Diluted Shares Outstanding | 30.02M | 7.26M | 37.02M | 39.39M | 39.84M | 38.68M | 38.67M |
| Basic Shares Outstanding | 30.02M | 20.15M | 37.02M | 39.39M | 38.7M | 38.52M | 38.55M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
Liquidation deadline execution risk
As indicated by the most recent financial filings, TACOW currently reports zero operational revenue, reflecting its status as a pre-combination special purpose acquisition vehicle that relies entirely on interest income generated from its $300.15 million trust account to offset ongoing administrative and professional maintenance expenses.
The lack of commercial revenue is a structural feature rather than an operational failure, as the entity is designed solely to facilitate a business combination. Investors should interpret the current financial profile as a holding pattern where the primary objective is the identification and acquisition of a target company within the longevity and AI sectors.
Based on reported figures for 2026Q1, the company incurred $482.1K in SG&A expenses, which represents a significant increase from the $229.2K reported in 2025Q2, highlighting the rising costs associated with maintaining compliance and pursuing a definitive merger agreement in a competitive market environment.
This escalation in operating expenses suggests that the sponsor is intensifying due diligence and legal efforts as the liquidation deadline approaches. The current burn rate warrants close monitoring, as the limited operating cash of $578,683 may necessitate additional sponsor funding if a target is not secured in the near term.
According to recent SEC filings, the company reported a net income of $2.2 million in 2026Q1, a figure that appears driven by non-operating interest income rather than core business performance, which remains non-existent for this shell entity prior to the completion of a business combination.
Analysts should be cautious in interpreting this net income as a sign of operational health, as it is purely a function of prevailing interest rates on the trust assets. The volatility in net income across periods underscores the speculative nature of the vehicle's current financial reporting.
As reported in financial statements, the unique tiered warrant strike price structure of $10.50 to $11.50 creates a complex dilution profile that may lead to significant volatility in the ordinary shares, potentially complicating the valuation of the company post-merger compared to standard SPAC structures.
The market may be underestimating the impact of this tiered structure on the long-term equity value for shareholders. Investors should consider that the incentive for early exercise could create downward pressure on the stock price if the target company fails to meet growth expectations immediately following the combination.
Quick answers to the most common questions about buying TACOW stock.
Berto Acquisition Corp. Warrant (TACOW) is profitable, generating $7.9M in net income for the fiscal year ending 2025.