Detailed financial statements for Emmis Acquisition Corp. (EMIS): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
Emmis Acquisition Corp. operates as a specialized entity with no ongoing commercial operations, often referred to as a "blank check" company. Its primary mission is to complete a business combination, which could involve a merger, an acquisition of assets or shares, a corporate reorganization, or a similar transaction with one or more existing enterprises. The firm was established on March 21, 2025, and its main corporate offices are located in Fort Lauderdale, Florida.
Analysis Summary
Trailing-twelve-month margins: gross margin 0.0%, operating margin 0.0%, net margin 0.0%.
At the current price of $10.20, EMIS trades at a P/E of 55.54 and an ROE of 2.93%. Market capitalisation stands at $161M.
Balance sheet quality for EMIS: current ratio of 0.0. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is below average: free cash flow of -$451470 represents -100% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Income Statement (10y)
| Year | 2025 |
|---|---|
| Revenue | 0 |
| Cost of Revenue | 0 |
| Gross Profit | 0 |
| Research & Development | 0 |
| Selling, General & Admin | 0 |
| Operating Expenses | 0 |
| Operating Income | 0 |
| EBITDA | 0 |
| Interest Expense | 0 |
| Pre-tax Income | $449378 |
| Income Tax | 0 |
| Net Income | $449378 |
| EPS | $0.11 |
| EPS (Diluted) | $0.11 |
| Shares Outstanding (Diluted) | $4.0M |
Balance Sheet (10y)
| Year | 2025 |
|---|---|
| Cash & Equivalents | 0 |
| Short-term Investments | $116.1M |
| Receivables | 0 |
| Inventory | 0 |
| Total Current Assets | $116.1M |
| Property, Plant & Equipment | 0 |
| Goodwill | 0 |
| Intangible Assets | 0 |
| Total Assets | $116.1M |
| Accounts Payable | 0 |
| Short-term Debt | 0 |
| Total Current Liabilities | 0 |
| Long-term Debt | 0 |
| Total Liabilities | 0 |
| Retained Earnings | 0 |
| Total Equity | 0 |
| Total Debt | 0 |
| Net Debt | -$116.1M |
| Working Capital | $116.1M |
Cash Flow (10y)
| Year | 2025 |
|---|---|
| Net Income | $840557 |
| Depreciation & Amortization | 0 |
| Stock-based Compensation | 0 |
| Change in Working Capital | -$142421 |
| Operating Cash Flow | -$451470 |
| Capital Expenditure | 0 |
| Acquisitions | 0 |
| Stock Repurchased | 0 |
| Dividends Paid | 0 |
| Free Cash Flow | -$451470 |
Growth & Margins (10y)
| Year | 2025 |
|---|---|
| Effective Tax Rate | 0.0% |
Per-Share Data (10y)
| Year | 2025 |
|---|---|
| FCF Per Share | $-0.11 |
| Dividends Per Share | $0.00 |
| Shares Outstanding (Basic) | $4.0M |
What to look at in Financial Services
Asset managers, brokers, fintech, exchanges. They are not banks — look at AUM, fees and FCF quality.
- 5y revenue growth — Without growth, there is no long-term value creation
- Operating margin — Good asset managers have >30% margins thanks to scalability
- ROE — Quality financial services have a consistent ROE >15%
- FCF / Net Income — Earnings quality — >90% expected in capital-light businesses
- Debt / Equity — Fintech and brokers with high D/E are time bombs in crises
- P/E vs own 5y — Asset managers have stable multiples in well-known ranges
- Dividend yield + buybacks — These businesses return a lot of capital — look at total yield (div + buybacks)
Profitability
| Return on Equity | 2.93% |
| Return on Invested Capital | -0.50% |
| Return on Assets | 2.17% |
| Gross Margin | 0.00% |
| Operating Margin | 0.00% |
| Net Margin | 0.00% |
Financial Health
| Debt / Equity | 0.00 |
| Current Ratio | 7.19 |
| Piotroski F-Score | 3 |
| Altman Z-Score | 1.20 |
Key Ratios (10y)
| Year | 2025 |
|---|---|
| P/E | 90.45 |
| P/B | 0.00 |
| P/S | 0.00 |
| Gross Margin | 0.0% |
| Operating Margin | 0.0% |
| Net Margin | 0.0% |
Related companies: BANX · ETHM · FLD · INV · MKLY · MRCC · NOAH
Explore sector: Financial Services · Shell Companies
More sections of EMIS: Overview · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Radar — undervalued stock signals · Investment Academy — learn to analyze stocks