Detailed financial statements for Plum Acquisition Corp. IV (PLMK): 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.
Plum Acquisition Corp. IV functions as a Special Purpose Acquisition Company (SPAC). Its foundational purpose is to achieve an acquisition or corporate combination, encompassing various forms such as a merger, an exchange of shares, an asset procurement, a stock acquisition, or a restructuring, with at least one other business entity. The organization was established on June 10, 2024, and maintains its principal place of business in San Francisco, California.
Analysis Summary
Trailing-twelve-month margins: gross margin 0.0%, operating margin 0.0%, net margin 0.0%.
At the current price of $10.72, PLMK trades at a P/E of 0.34 and an ROE of 2.87%. Market capitalisation stands at $260M.
Balance sheet quality for PLMK: current ratio of 0.8, net cash position of $46249. 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 -$869506 represents -14% 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 | $92 | $1.0M |
| Operating Expenses | $92 | $1.0M |
| Operating Income | -$92 | -$1.0M |
| EBITDA | 0 | -$1.0M |
| Interest Expense | 0 | 0 |
| Pre-tax Income | -$92 | $6.1M |
| Income Tax | 0 | 0 |
| Net Income | -$92 | $6.1M |
| EPS | $-0.00 | $0.34 |
| EPS (Diluted) | $-0.00 | $0.34 |
| Shares Outstanding (Diluted) | $24.2M | $17.7M |
Balance Sheet (10y)
| Year | 2024 | 2025 |
|---|---|---|
| Cash & Equivalents | $3864 | $296249 |
| Short-term Investments | 0 | 0 |
| Receivables | 0 | 0 |
| Inventory | 0 | 0 |
| Total Current Assets | $3864 | $393225 |
| Property, Plant & Equipment | 0 | 0 |
| Goodwill | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Total Assets | $442216 | $181.7M |
| Accounts Payable | 0 | 0 |
| Short-term Debt | $149473 | $250000 |
| Total Current Liabilities | $509196 | $463935 |
| Long-term Debt | 0 | 0 |
| Total Liabilities | $509196 | $7.4M |
| Retained Earnings | -$91980 | -$7.0M |
| Total Equity | -$66980 | $174.3M |
| Total Debt | $149473 | $250000 |
| Net Debt | $145609 | -$46249 |
| Working Capital | -$505332 | -$70710 |
Cash Flow (10y)
| Year | 2024 | 2025 |
|---|---|---|
| Net Income | -$92 | $6.1M |
| Depreciation & Amortization | 0 | 0 |
| Stock-based Compensation | 0 | $36750 |
| Change in Working Capital | $55 | $93593 |
| Operating Cash Flow | -$16341 | -$869506 |
| Capital Expenditure | 0 | 0 |
| Acquisitions | 0 | 0 |
| Stock Repurchased | 0 | 0 |
| Dividends Paid | 0 | 0 |
| Free Cash Flow | -$16340 | -$869506 |
Growth & Margins (10y)
| Year | 2024 | 2025 |
|---|---|---|
| Net Income Growth (YoY) | +6579596.6% | |
| EPS Growth (YoY) | +9047.4% | |
| Shares Change (YoY) | -26.9% | |
| FCF Growth (YoY) | -5221.3% | |
| Effective Tax Rate | -0.0% | 0.0% |
Per-Share Data (10y)
| Year | 2024 | 2025 |
|---|---|---|
| FCF Per Share | $-0.00 | $-0.05 |
| Dividends Per Share | $0.00 | $0.00 |
| Shares Outstanding (Basic) | $24.2M | $17.7M |
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 | 2.87% |
| Return on Invested Capital | -1.00% |
| Return on Assets | 2.71% |
| Gross Margin | 0.00% |
| Operating Margin | 0.00% |
| Net Margin | 0.00% |
Financial Health
| Debt / Equity | 0.00 |
| Current Ratio | 0.21 |
Key Ratios (10y)
| Year | 2024 | 2025 |
|---|---|---|
| P/E | -2623.68 | 30.76 |
| P/B | -3608.56 | 1.06 |
| 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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