Quantumsphere Acquisition Corp Swings to $521,600 Profit in Q3 2025
The special purpose acquisition company posted net income of $521,600 for the three months ended December 31, 2025, reversing a $3,840 loss in the prior-year period. Trust account interest drove the turnaround as the SPAC searches for a merger target.
Quantumsphere Acquisition Corp (NASDAQ: QUMS), a special purpose acquisition company, reported net income of $521,600 for the three months ended December 31, 2025, a sharp reversal from a net loss of $3,840 in the same quarter of 2024. Read more earnings reports.
The SPAC posted $806,338 in other income for the quarter, driven almost entirely by $803,606 in interest earned on investments held in its trust account. General and administrative expenses totaled $284,738, up sharply from $4,266 in the prior-year quarter.
For the nine months ended December 31, 2025, Quantumsphere reported net income of $415,822 compared to a net loss of $15,929 for the period from its July 23, 2024 inception through December 31, 2024. Operating losses widened to $897,465 from $16,355, but were more than offset by $1.31 million in other income, including $1.31 million in trust account interest.
The company completed an initial public offering during the nine-month period, raising $82.8 million from the sale of 8.28 million units. It also issued 228,650 units in a private placement for proceeds of $2.29 million. The trust account held investments totaling $84.1 million as of December 31, 2025.
As of December 31, 2025, Quantumsphere held cash of $281,173, up from $64,357 at March 31, 2025. The company had total liabilities of $3.45 million, including a $3.31 million deferred underwriting fee payable. Shareholders' deficit stood at $3.05 million, compared to shareholders' equity of $8,982 at fiscal year-end.
The company has 8.28 million ordinary shares subject to possible redemption at $10.16 per share, with a total redemption value of $84.1 million. Non-redeemable ordinary shares outstanding totaled 3.13 million as of December 31, 2025.
Basic and diluted net income per share for redeemable ordinary shares was $0.05 for the three months ended December 31, 2025. For non-redeemable ordinary shares, net income per share was also $0.05. For the nine-month period, both share classes earned $0.06 per share.
| Period | Net Income (Loss) | Operating Loss | Trust Account Interest | General & Admin Expenses |
|---|---|---|---|---|
| Q3 2025 (Three Months) | $521,600 | ($284,738) | $803,606 | $284,738 |
| Q3 2024 (Three Months) | ($3,840) | ($4,266) | — | $4,266 |
| Nine Months 2025 | $415,822 | ($897,465) | $1,306,582 | $897,465 |
| Inception to Dec 2024 | ($15,929) | ($16,355) | — | $16,355 |
The company used $854,177 in cash for operating activities during the nine months ended December 31, 2025, compared to $61,636 used in the inception-to-December 2024 period. Investing activities consumed $82.8 million for trust account purchases, while financing activities generated $83.9 million.