FNVT

MKT CAP:—

Finnovate Acquisition Corp.

Market Cap

—

Financial Services·Shell Companies·🇰🇾 Cayman Islands·NASDAQ

Financials·Shell Companies·🇰🇾·NASDAQ

Stock Price

$11.62+$0.00 (+0.00%)

Mar 9, 2026

Company Details

Finnovate Acquisition Corp. does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or other similar business combination with one...

CEO

Calvin Kung

IPO Date

Dec 9, 2021

Website

www.finnovateacquisition.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

-$381.8K

EPS (Diluted)

-$0.05

Free Cash Flow

-$517.0K

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

—

Earnings Reports

Q1 2025

Nov 19, 2025

$0EPS $0.01

Q4 2024

Jun 5, 2025

$0EPS -$0.01

Q3 2024

Dec 10, 2024

$0EPS -$0.04

Q2 2024

Aug 19, 2024

$0EPS -$0.01

Q1 2024

May 20, 2024

$0EPS $0.03

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$0	$0	-$10.8K
Q3 21	$0	$0	$0
Q4 21	$0	$0	-$180.0K
Q1 22	$0	$0	-$175.0K
Q2 22	$0	$0	-$213.0K
Q3 22	$0	$0	-$290.0K
Q4 22	$0	$0	-$795.0K
Q1 23	$0	$0	-$302.0K
Q2 23	$0	$0	-$544.0K
Q3 23	$0	$0	-$636.0K
Q4 23	$0	$0	-$511.4K
Q1 24	$0	$0	-$321.0K
Q2 24	$0	$0	-$456.0K
Q3 24	$0	$0	-$375.0K
Q4 24	$0	$0	-$470.0K
Q1 25	$0	$0	-$5.8K

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	-$25.0K	-$25.0K
Q3 21	-$56.8K	-$56.8K
Q4 21	-$617.0K	-$617.0K
Q1 22	-$251.2K	-$251.2K
Q2 22	-$156.3K	-$156.3K
Q3 22	-$47.6K	-$47.6K
Q4 22	-$312.4K	-$312.4K
Q1 23	-$150.1K	-$150.1K
Q2 23	-$94.0K	-$94.0K
Q3 23	$783	$783
Q4 23	-$543.3K	-$543.3K
Q1 24	-$262.0K	-$262.0K
Q2 24	-$234.3K	-$234.3K
Q3 24	-$247.7K	-$247.7K
Q4 24	-$134.0K	-$134.0K
Q1 25	$99.0K	$99.0K

Capital Expenditures

Quarter	CapEx
Q2 21	$0
Q3 21	$0
Q4 21	$0
Q1 22	$0
Q2 22	$0
Q3 22	$0
Q4 22	$0
Q1 23	$0
Q2 23	$0
Q3 23	$0
Q4 23	$3
Q1 24	$3
Q2 24	$4
Q3 24	$4
Q4 24	$0
Q1 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	—	+1866.4%
Q3 22	—	—
Q4 22	—	+341.7%
Q1 23	—	+72.6%
Q2 23	—	+155.4%
Q3 23	—	+119.3%
Q4 23	—	-35.7%
Q1 24	—	+6.3%
Q2 24	—	-16.2%
Q3 24	—	-41.0%
Q4 24	—	-8.1%
Q1 25	—	-98.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$0	—
Q3 21	$0	—
Q4 21	$540	—
Q1 22	$0	—
Q2 22	$0	—
Q3 22	$0	—
Q4 22	$0	—
Q1 23	$0	—
Q2 23	$0	—
Q3 23	$0	—
Q4 23	$0	—
Q1 24	$0	—
Q2 24	$0	—
Q3 24	$0	—
Q4 24	$0	—
Q1 25	$0	—

OpEx Breakdown

Quarter	G&A	SG&A
Q2 21	$10.8K	—
Q4 21	$180.1K	—
Q1 22	$175.1K	—
Q2 22	$212.7K	—
Q3 22	$290.0K	—
Q4 22	$794.6K	—
Q1 23	$302.3K	—
Q2 23	$543.9K	—
Q3 23	$635.6K	—
Q4 23	$511.4K	—
Q1 24	$321.2K	—
Q2 24	—	$455.8K
Q3 24	$375.2K	—
Q4 24	$925.7K	—
Q1 25	$5.8K	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 21	$0	$0	$0
Q3 21	$0	$0	$0
Q4 21	$1M	$0	$1M
Q1 22	$760.5K	$0	$760.5K
Q2 22	$604.2K	$0	$604.2K
Q3 22	$556.5K	$0	$556.5K
Q4 22	$244.2K	$0	$244.2K
Q1 23	$94.1K	$0	$94.1K
Q2 23	$84	$0	$84
Q3 23	$867	$0	$867
Q4 23	$37	$0	$37
Q1 24	$5.4K	$0	$5.4K
Q2 24	$35.5K	$0	$35.5K
Q3 24	$7.6K	$0	$7.6K
Q4 24	$769	$0	$769
Q1 25	$99.8K	$0	$99.8K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	4M	—	—
Q3 21	4M	0.0%	—
Q4 21	22M	+479.0%	—
Q1 22	22M	0.0%	—
Q2 22	17M	-19.9%	+364.0%
Q3 22	22M	+24.8%	+479.0%
Q4 22	22M	0.0%	0.0%
Q1 23	22M	0.0%	0.0%
Q2 23	14M	-34.9%	-18.8%
Q3 23	9M	-35.7%	-58.2%
Q4 23	9M	-0.0%	-58.2%
Q1 24	9M	+0.0%	-58.2%
Q2 24	8M	-17.2%	-46.8%
Q3 24	2M	-70.1%	-75.2%
Q4 24	3M	+25.7%	-68.9%
Q1 25	865K	-69.4%	-90.5%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q3 21	—	—
Q4 21	$0	3
Q1 22	$0	3
Q2 22	$0	3
Q3 22	$0	3
Q4 22	$0	3
Q1 23	$0	3
Q2 23	$0	3
Q3 23	$0	3
Q4 23	$0	2
Q1 24	$0	2
Q2 24	$0	2
Q3 24	$0	2
Q4 24	$0	2
Q1 25	$0	2

Revenue / Employee