Trailblazer Merger Corporation I(TBMC)Earnings, Financials & Key Ratios
TBMC•NASDAQ•Banking & Credit
33.3× P/E·Price updated Jun 8, 2026
SectorFinancial ServicesIndustrySPACs & Shell CompaniesSub-IndustryGeneralist SPACs and blank checks
AboutTrailblazer Merger Corporation I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.Show more
- Net Interest Income$944K-71.4%
- Total Revenue$0
- Net Income-$8M-579.6%
- Return on Equity-192.22%-5165.5%
- Net Interest Margin21.89%+84.2%
- ROA-51.74%-1619.2%
- Equity / Assets-276.67%-473.3%
- Book Value per Share-3.00-214.3%
TBMC Key Insights
Trailblazer Merger Corporation I (TBMC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong NIM of 21.9%
- ✓Share count reduced 49.2% through buybacks
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
- ✗Weak momentum: RS Rating 13 (bottom 13%)
- ✗Thin capital base
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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TBMC Price & Volume
Trailblazer Merger Corporation I (TBMC) stock price & volume — 10-year historical chart
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TBMC Growth Metrics
Trailblazer Merger Corporation I (TBMC) 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-3085.74%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-10639.18%
Return on Capital
10 Years-22.54%
5 Years-22.54%
3 Years-15.68%
Last Year-40.18%
TBMC Peer Comparison
Trailblazer Merger Corporation I (TBMC) competitors in Generalist SPACs and blank checks — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 BFLY | 2.33B | 8.90 | -28.71 | 18.96% | -73.63% | -36.79% | 0.10 | |
 ACIC | 507.6M | 10.50 | 4.88 | 13.07% | 31.88% | 35.67% | 0.48 | |
 GS | 348.27B | 1096.56 | 21.37 | -1.38% | 13.73% | 13.58% | 4.88 | |
 MS | 355.51B | 223.17 | 21.88 | 11.48% | 14.66% | 15.3% | 4.22 | |
 JPM | 908.57B | 325.22 | 16.22 | 3.31% | 20.35% | 15.95% | 2.60 | |
 EVR | 14.72B | 371.72 | 26.46 | 29.49% | 15.26% | 29.32% | 0.50 | |
 LAZ | 4.16B | 44.30 | 20.41 | 3.25% | 7.5% | 26.7% | 2.61 | |
 HLI | 9.82B | 140.77 | 24.19 | 24.81% | 16.91% | 20.14% | 0.20 |
Compare TBMC vs Peers
Trailblazer Merger Corporation I (TBMC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
TBMC Income Statement
Trailblazer Merger Corporation I (TBMC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Net Interest Income | 0 | 0 | 2.61M | 3.3M | 943.85K |
NII Growth % | - | - | - | 26.49% | -71.37% |
Net Interest Margin % | 0% | 0% | 3.53% | 11.89% | 21.89% |
Interest Income | 0 | 0 | 2.61M | 3.3M | 943.85K |
Interest Expense | 0 | 0 | 0 | 0 | 0 |
Loan Loss Provision | 0 | 0 | 0 | 0 | 0 |
Non-Interest Income | 0 | 0 | -2.61M | -3.3M | -943.85K |
Non-Interest Income % | - | - | - | - | - |
Total Revenue | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% | 0▲ 0% |
Revenue Growth % | - | - | - | - | - |
Non-Interest Expense | 1.17K | 4.02K | 750.62K | 2.29M | 2.56M |
Efficiency Ratio | - | - | - | - | - |
Operating Income | -1.17K▲ 0% | -4.02K▼ 244.5% | -750.62K▼ 18572.2% | -2.29M▼ 205.5% | -2.56M▼ 11.8% |
Operating Margin % | - | - | - | - | - |
Operating Income Growth % | - | -244.47% | -18572.21% | -205.52% | -11.82% |
Pretax Income | -1.17K▲ 0% | -4.02K▼ 244.5% | 1.86M▲ 46474.1% | 1M▼ 46.2% | -8.06M▼ 903.6% |
Pretax Margin % | - | - | - | - | - |
Income Tax | 0 | 0 | 516.99K | -725.43K | 229.19K |
Effective Tax Rate % | 0% | 0% | 27.73% | -72.32% | -2.84% |
Net Income | -1.17K▲ 0% | -4.02K▼ 244.5% | 1.35M▲ 33613.8% | 1.73M▲ 28.3% | -8.29M▼ 579.6% |
Net Margin % | - | - | - | - | - |
Net Income Growth % | - | -244.47% | 33613.78% | 28.3% | -579.61% |
Net Income (Continuing) | -1.17K | -4.02K | 1.35M | 1.73M | -8.29M |
EPS (Diluted) | -0.00▲ 0% | -0.00▼ 400.0% | 0.15▲ 30100.0% | 0.22▲ 46.7% | -2.08▼ 1045.5% |
EPS Growth % | - | - | - | 46.67% | -1045.45% |
EPS (Basic) | -0.00 | -0.00 | 0.15 | 0.22 | -2.08 |
Diluted Shares Outstanding | 7.86M | 7.86M | 9.02M | 7.83M | 3.98M |
TBMC Balance Sheet
Trailblazer Merger Corporation I (TBMC) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Cash & Short Term Investments | 25K | 34.39K | 607.82K | 63.83K | 85.35K |
Cash & Due from Banks | 25K | 34.39K | 607.82K | 63.83K | 85.35K |
Short Term Investments | 0 | 0 | 0 | 0 | 0 |
Total Investments | 0 | 0 | 72.99M | 26.83M | 3.97M |
Investments Growth % | - | - | - | -63.24% | -85.19% |
Long-Term Investments | 0 | 0 | 72.99M | 26.83M | 3.97M |
Accounts Receivables | 0 | 0 | 0 | 0 | 0 |
Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 |
PP&E (Net) | 0 | 0 | 0 | 0 | 0 |
Other Assets | 0 | 265.38K | 25.68K | 0 | 125K |
Total Current Assets | 50K | 36.48K | 749.75K | 901.66K | 212.68K |
Total Non-Current Assets | 0 | 265.38K | 73.02M | 26.83M | 4.1M |
Total Assets | 50K▲ 0% | 301.85K▲ 503.7% | 73.77M▲ 24339.1% | 27.73M▼ 62.4% | 4.31M▼ 84.5% |
Asset Growth % | - | 503.71% | 24339.15% | -62.41% | -84.46% |
Return on Assets (ROA) | -2.33% | -2.28% | 3.64% | 3.41% | -51.74% |
Accounts Payable | 0 | 1.29K | 238.83K | 1.19M | 0 |
Total Debt | 50K | 225K | 321.58K | 2.53M | 11.01M |
Net Debt | 25K | 190.61K | -286.23K | 2.47M | 10.92M |
Long-Term Debt | 0 | 0 | 0 | 0 | 0 |
Short-Term Debt | 50K | 225K | 321.58K | 2.53M | 11.01M |
Other Liabilities | 0 | 0 | 2.07M | 2.07M | 2.07M |
Total Current Liabilities | 51.17K | 282.04K | 942.25K | 5.11M | 14.17M |
Total Non-Current Liabilities | 0 | 0 | 2.28M | 2.07M | 2.07M |
Total Liabilities | 51.17K | 282.04K | 3.22M | 7.18M | 16.24M |
Total Equity | -1.17K▲ 0% | 19.81K▲ 1797.8% | 70.55M▲ 355968.7% | 20.55M▼ 70.9% | -11.93M▼ 158.0% |
Equity Growth % | - | 1797.77% | 355968.7% | -70.87% | -158.03% |
Equity / Assets (Capital Ratio) | -2.33% | 6.56% | 95.63% | 74.11% | -276.67% |
Return on Equity (ROE) | - | -43.12% | 3.82% | 3.79% | -192.22% |
Book Value per Share | -0.00 | 0.00 | 7.82 | 2.62 | -3.00 |
Tangible BV per Share | -0.00 | 0.00 | 7.82 | 2.62 | -3.00 |
Common Stock | 0 | 172 | 72.23M | 26.63M | 4.01M |
Additional Paid-in Capital | 0 | 24.83K | 0 | 0 | 0 |
Retained Earnings | -1.17K | -5.19K | -1.68M | -6.08M | -15.94M |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 |
TBMC Cash Flow Statement
Trailblazer Merger Corporation I (TBMC) cash flow — operating, investing & free cash flow history
| Metric | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|
Cash from Operations | -25K | 19.02K | -471.53K | -1.56M | -2.55M |
Operating CF Growth % | - | 176.08% | -2579.11% | -230.4% | -63.68% |
Net Income | -1.17K | -4.02K | 1.35M | 277.66K | -8.29M |
Depreciation & Amortization | 0 | 0 | -8.83K | 0 | 0 |
Deferred Taxes | 0 | 0 | 210.15K | -210.15K | 0 |
Other Non-Cash Items | 0 | 0 | -2.61M | -3.3M | 5.5M |
Working Capital Changes | -23.83K | 23.04K | 378.84K | 1.67M | 243.55K |
Cash from Investing | 0 | 0 | -70.38M | 49.46M | 23.8M |
Purchase of Investments | 0 | 0 | 0 | 0 | -701.24K |
Sale/Maturity of Investments | 0 | 0 | 0 | 0 | 24.5M |
Net Investment Activity | 0 | 0 | 0 | 0 | 23.8M |
Acquisitions | 0 | 0 | 0 | 0 | 0 |
Other Investing | 0 | 0 | -70.38M | 49.46M | 0 |
Cash from Financing | 50K | -9.63K | 71.42M | -47.64M | -21.91M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | -49.77M | -23.95M |
Stock Issued | 0 | -209.63K | 71.91M | 0 | 0 |
Net Stock Activity | 0 | -209.63K | 71.91M | -49.77M | -23.95M |
Debt Issuance (Net) | 0 | 100K | 96.58K | 1000K | 1000K |
Other Financing | 50K | -109.63K | -581.63K | -75K | 0 |
Net Change in Cash | 25K▲ 0% | 9.39K▼ 62.4% | 573.42K▲ 6004.8% | 259.01K▼ 54.8% | -660.29K▼ 354.9% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 0 | 25K | 34.39K | 607.82K | 866.82K |
Cash at End | 25K | 34.39K | 607.82K | 866.82K | 206.53K |
Interest Paid | 0 | 0 | 0 | 0 | 0 |
Income Taxes Paid | 0 | 0 | 0 | 347.72K | 0 |
Free Cash Flow | -25K▲ 0% | 19.02K▲ 176.1% | -471.53K▼ 2579.1% | -1.56M▼ 230.4% | -2.55M▼ 63.7% |
FCF Growth % | - | 176.08% | -2579.13% | -230.39% | -63.68% |
TBMC Banking Ratios
Trailblazer Merger Corporation I (TBMC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
Return on Equity (ROE) | - | -43.12% | 3.82% | 3.79% | -192.22% |
Return on Assets (ROA) | -2.33% | -2.28% | 3.64% | 3.41% | -51.74% |
Net Interest Margin | 0% | 0% | 3.53% | 11.89% | 21.89% |
Equity / Assets | -2.33% | 6.56% | 95.63% | 74.11% | -276.67% |
Book Value / Share | -0 | 0 | 7.82 | 2.62 | -3 |
NII Growth | - | - | - | 26.49% | -71.37% |
Related:TBMC Dividend History·TBMC Revenue History·TBMC Price History·TBMC P/E History·TBMC Financial Ratios·TBMC Institutional Holders
TBMC Frequently Asked Questions
Trailblazer Merger Corporation I (TBMC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Trailblazer Merger Corporation I (TBMC) grew revenue by 0.0% over the past year. Growth has been modest.
Trailblazer Merger Corporation I (TBMC) reported a net loss of $8.3M for fiscal year 2025.
Dividend & Returns
Trailblazer Merger Corporation I (TBMC) has a return on equity (ROE) of -192.2%. Negative ROE indicates the company is unprofitable.
Industry Metrics
Trailblazer Merger Corporation I (TBMC) has a net interest margin (NIM) of 21.9%. This indicates healthy earnings from lending activities.
Trailblazer Merger Corporation I (TBMC) has an efficiency ratio of 0.0%. This is excellent, indicating strong cost control.