Detailed financial statements for Hennessy Capital Investment Corp. VII (HVII): 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.
Hennessy Capital Investment Corp. VII functions as a special purpose acquisition company, often referred to as a blank check firm. Its primary mission is to identify and execute a significant business combination, encompassing various transactional structures such as a merger, capital stock exchange, asset acquisition, stock purchase, or corporate reorganization, involving one or more existing enterprises.
Analysis Summary
Trailing-twelve-month margins: gross margin 0.0%, operating margin 0.0%, net margin 0.0%.
At the current price of $10.15, HVII trades at a P/E of 113.73 and an ROE of 1.40%. Market capitalisation stands at $264M.
Balance sheet quality for HVII: current ratio of 4.1. 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 -$1.9M represents -51% 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 | 2024 | 2025 |
|---|---|---|
| Revenue | 0 | 0 |
| Cost of Revenue | 0 | 0 |
| Gross Profit | 0 | 0 |
| Research & Development | 0 | 0 |
| Selling, General & Admin | $47952 | $3.7M |
| Operating Expenses | $47952 | $3.7M |
| Operating Income | -$47952 | -$3.7M |
| EBITDA | -$47952 | -$3.7M |
| Interest Expense | 0 | 0 |
| Pre-tax Income | -$47952 | $3.7M |
| Income Tax | 0 | 0 |
| Net Income | -$47952 | $3.7M |
| EPS | $-0.00 | $0.15 |
| EPS (Diluted) | $-0.00 | $0.15 |
| Shares Outstanding (Diluted) | $26.0M | $17.9M |
Income Statement (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 | 0 |
| Operating Income | -$819219 | -$1.9M | -$1.1M | -$771073 |
| EBITDA | -$819219 | -$1.9M | -$1.1M | -$771073 |
| Net Income | $1.2M | -$42897 | $575611 | $915123 |
| EPS | $0.05 | $-0.00 | $0.02 | $0.04 |
| EPS (Diluted) | $0.05 | $-0.00 | $0.02 | $0.04 |
Balance Sheet (10y)
| Year | 2024 | 2025 |
|---|---|---|
| Cash & Equivalents | $20005 | $984245 |
| Short-term Investments | 0 | 0 |
| Receivables | 0 | $300000 |
| Inventory | 0 | 0 |
| Total Current Assets | $40834 | $1.3M |
| Property, Plant & Equipment | 0 | 0 |
| Goodwill | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Total Assets | $993266 | $198.3M |
| Accounts Payable | 0 | 0 |
| Short-term Debt | $76790 | 0 |
| Total Current Liabilities | $566218 | $326953 |
| Long-term Debt | 0 | 0 |
| Total Liabilities | $1.0M | $10.4M |
| Retained Earnings | -$47952 | -$9.1M |
| Total Equity | -$22952 | $187.9M |
| Total Debt | $76790 | 0 |
| Net Debt | $56785 | -$984245 |
| Working Capital | -$525384 | $999376 |
Balance Sheet (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Cash & Equivalents | $1.6M | $984245 | $323217 | $259477 |
| Total Assets | $196.9M | $198.3M | $199.3M | $200.8M |
| Total Liabilities | $9.0M | $10.4M | $10.8M | $11.4M |
| Total Equity | $188.0M | $187.9M | $188.5M | $189.4M |
| Total Debt | 0 | 0 | 0 | 0 |
Cash Flow (10y)
| Year | 2024 | 2025 |
|---|---|---|
| Net Income | -$47952 | $3.7M |
| Depreciation & Amortization | 0 | 0 |
| Stock-based Compensation | 0 | 0 |
| Change in Working Capital | $12537 | $1.7M |
| Operating Cash Flow | -$35415 | -$1.9M |
| Capital Expenditure | -$5 | 0 |
| Acquisitions | 0 | 0 |
| Stock Repurchased | 0 | 0 |
| Dividends Paid | 0 | 0 |
| Free Cash Flow | -$35420 | -$1.9M |
Cash Flow (Quarterly)
| Year | 2025-Q1 | 2025-Q3 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Operating Cash Flow | -$488511 | -$337657 | -$644736 | -$174965 |
| Capital Expenditure | 0 | 0 | -$4 | $4 |
| Free Cash Flow | -$488511 | -$337657 | -$644740 | -$174961 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Stock-based Compensation | 0 | 0 | 0 | 0 |
Growth & Margins (10y)
| Year | 2024 | 2025 |
|---|---|---|
| Net Income Growth (YoY) | +7789.8% | |
| EPS Growth (YoY) | +8433.3% | |
| Shares Change (YoY) | -31.2% | |
| FCF Growth (YoY) | -5217.0% | |
| Effective Tax Rate | -0.0% | 0.0% |
Per-Share Data (10y)
| Year | 2024 | 2025 |
|---|---|---|
| FCF Per Share | $-0.00 | $-0.11 |
| Dividends Per Share | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $26.0M | $17.9M |
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 | 1.40% |
| Return on Invested Capital | -2.29% |
| Return on Assets | 1.31% |
| Gross Margin | 0.00% |
| Operating Margin | 0.00% |
| Net Margin | 0.00% |
Financial Health
| Debt / Equity | 0.00 |
| Current Ratio | 4.75 |
Key Ratios (10y)
| Year | 2024 | 2025 |
|---|---|---|
| P/E | -5455.56 | 69.00 |
| P/B | -11134.07 | 0.99 |
| P/S | 0.00 | 0.00 |
| Gross Margin | 0.0% | 0.0% |
| Operating Margin | 0.0% | 0.0% |
| Net Margin | 0.0% | 0.0% |
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