Detailed financial statements for Oyster Enterprises II Acquisition Corp (OYSE): 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.
Oyster Enterprises II Acquisition Corp functions as a special purpose acquisition company (SPAC), formed with the explicit goal of completing a business combination. This encompasses various transaction types, such as mergers, share exchanges, asset acquisitions, share purchases, or corporate reorganizations with one or more target enterprises.
Analysis Summary
Trailing-twelve-month margins: gross margin 0.0%, operating margin 0.0%, net margin 0.0%.
At the current price of $10.38, OYSE trades at a P/E of 31.40 and an ROE of 4.92%. Market capitalisation stands at $352M.
Balance sheet quality for OYSE: current ratio of 8.5. 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 -$567932 represents -10% 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 | $456691 |
| Operating Expenses | $456691 |
| Operating Income | -$456691 |
| EBITDA | -$456691 |
| Interest Expense | 0 |
| Pre-tax Income | $5.8M |
| Income Tax | 0 |
| Net Income | $5.8M |
| EPS | $0.24 |
| EPS (Diluted) | $0.24 |
| Shares Outstanding (Diluted) | $15.8M |
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 | -$153147 | -$151730 | -$168092 | -$142695 |
| EBITDA | $2.7M | -$3.0M | -$168092 | -$142695 |
| Net Income | $2.7M | $2.3M | $2.1M | $2.2M |
| EPS | $0.08 | $0.12 | $0.06 | $0.07 |
| EPS (Diluted) | $0.08 | $0.12 | $0.06 | $0.07 |
Balance Sheet (10y)
| Year | 2025 |
|---|---|
| Cash & Equivalents | $864584 |
| Short-term Investments | 0 |
| Receivables | 0 |
| Inventory | 0 |
| Total Current Assets | $1.0M |
| Property, Plant & Equipment | 0 |
| Goodwill | 0 |
| Intangible Assets | 0 |
| Total Assets | $260.3M |
| Accounts Payable | $42542 |
| Short-term Debt | 0 |
| Total Current Liabilities | $117542 |
| Long-term Debt | 0 |
| Total Liabilities | $9.0M |
| Retained Earnings | -$7.9M |
| Total Equity | $251.3M |
| Total Debt | 0 |
| Net Debt | -$864584 |
| Working Capital | $882696 |
Balance Sheet (Quarterly)
| Year | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Cash & Equivalents | $934755 | $864584 | $691167 | $574249 |
| Total Assets | $258.0M | $260.3M | $262.4M | $264.6M |
| Total Liabilities | $8.9M | $9.0M | $9.0M | $9.0M |
| Total Equity | -$7.8M | $251.3M | $253.4M | $255.6M |
| Total Debt | 0 | 0 | 0 | 0 |
Cash Flow (10y)
| Year | 2025 |
|---|---|
| Net Income | $5.8M |
| Depreciation & Amortization | 0 |
| Stock-based Compensation | 0 |
| Change in Working Capital | -$136341 |
| Operating Cash Flow | -$567932 |
| Capital Expenditure | 0 |
| Acquisitions | 0 |
| Stock Repurchased | 0 |
| Dividends Paid | 0 |
| Free Cash Flow | -$567932 |
Cash Flow (Quarterly)
| Year | 2025-Q1 | 2025-Q2 | 2026-Q1 | 2026-Q2 |
|---|---|---|---|---|
| Operating Cash Flow | 0 | -$357152 | -$173417 | -$116918 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Free Cash Flow | 0 | -$357152 | -$173417 | -$116918 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Stock-based Compensation | 0 | 0 | 0 | 0 |
Growth & Margins (10y)
| Year | 2025 |
|---|---|
| Effective Tax Rate | 0.0% |
Per-Share Data (10y)
| Year | 2025 |
|---|---|
| FCF Per Share | $-0.04 |
| Dividends Per Share | $0.00 |
| Shares Outstanding (Basic) | $15.8M |
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 | 4.92% |
| Return on Invested Capital | -0.23% |
| Return on Assets | 3.50% |
| Gross Margin | 0.00% |
| Operating Margin | 0.00% |
| Net Margin | 0.00% |
Financial Health
| Debt / Equity | 0.00 |
| Current Ratio | 6.38 |
Key Ratios (10y)
| Year | 2025 |
|---|---|
| P/E | 42.12 |
| P/B | 0.64 |
| P/S | 0.00 |
| Gross Margin | 0.0% |
| Operating Margin | 0.0% |
| Net Margin | 0.0% |
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