Piermont Valley Acquisition Corp Swings to $1.2M Net Loss Through Q3 FY2026

Piermont Valley Acquisition Corp, a special purpose acquisition company, reported a net loss of $1.23 million for the nine months ending December 31, 2025, a sharp reversal from net income of $775,362 in the same period a year earlier. The company reported no revenue for the period. Read more earnings reports.

Operating expenses for the nine months dropped 54% to $135,699 from $296,790 in the prior-year period. For the quarter ending December 31, 2025, operating expenses fell to $19,167 from $68,815 a year earlier.

The company posted a net loss of $229,481 for the three months ending December 31, 2025, compared to a loss of $33,638 in the same quarter of fiscal 2024. Diluted loss per share for the nine-month period was $0.21, down from earnings of $0.11 per share a year earlier.

Cash and cash equivalents stood at $53,174 as of December 31, 2025, up from $1,611 at the end of the prior fiscal year on March 31, 2025. The company generated $107,023 in cash from financing activities during the nine months, partially offsetting a $55,460 cash drain from operations.

Piermont Valley reported a stockholders' deficit of $999,537 as of December 31, 2025, narrower than the $2.04 million deficit at March 31, 2025. Total assets increased 5% to $2.49 million from $2.39 million at the prior fiscal year-end.

Total liabilities declined to $1.05 million from $2.04 million over the same period, driven by a drop in current liabilities to $233,711 from $1.99 million. The company had 5.95 million shares outstanding as of December 31, 2025.

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