FORL

MKT CAP:$48M

Four Leaf Acquisition Corporation

Market Cap

$48M

Financial Services·Shell Companies·🇺🇸 United States·NASDAQ

Financials·Shell Companies·🇺🇸·NASDAQ

Stock Price

$11.00-$0.75 (-6.38%)

Apr 20, 2026

Company Details

Four Leaf Acquisition Corporation does not have significant operations. The company focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or related business combination with one or more b...

CEO

Bala Padmakumar

IPO Date

May 16, 2023

Website

www.fourleaf.investments.com

Key Metrics TTM

Revenue

$2M

— YoY

Net Income

-$42.0K

EPS (Diluted)

-$0.02

Free Cash Flow

-$1M

Revenue / Share

$0.68

Gross Margin

50.0%

Operating Margin

-65.4%

Net Margin

-2.4%

FCF Margin

-73.7%

P/S

27.3x

P/E

—

Earnings Reports

Q2 2025

Aug 27, 2025

$0EPS -$0.02

Q1 2025

May 20, 2025

$0EPS -$0.01

FY 2024

Apr 30, 2025

$0EPS $0.08

Q4 2024

Apr 30, 2025

$2MEPS -$0.01

Q3 2024

Jan 14, 2025

$0EPS $0.02

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$0	$0	-$3.4K
Q2 22	$0	$0	-$3.0K
Q3 22	$0	$0	-$80
Q1 23	$0	-$58.4K	-$58.4K
Q2 23	$0	$0	-$253.0K
Q3 23	$0	-$310.0K	-$310.0K
Q4 23	$0	-$715.0K	-$462.0K
Q1 24	$0	-$452.0K	-$452.0K
Q2 24	$0	-$424.0K	-$424.0K
Q3 24	$0	$0	-$175.0K
Q4 24	$2M	$876.4K	-$312.0K
Q1 25	$0	$0	-$315.0K
Q2 25	$0	$0	-$343.8K

Valuation

Quarter	P/S	P/E
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q1 23	—	—
Q2 23	—	117.7x
Q3 23	—	69.6x
Q4 23	—	57.4x
Q1 24	—	47.5x
Q2 24	—	66.4x
Q3 24	—	83.4x
Q4 24	27.3x	118.8x
Q1 25	27.3x	224.5x
Q2 25	27.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	-$2.1K	-$2.1K
Q2 22	-$25.4K	-$25.4K
Q3 22	-$8.0K	-$8.0K
Q4 22	$4.1K	$4.1K
Q1 23	-$11.9K	-$11.9K
Q2 23	-$98.2K	-$98.2K
Q3 23	-$185.6K	-$185.6K
Q4 23	-$170.9K	-$170.9K
Q1 24	-$325.4K	-$325.4K
Q2 24	-$741.2K	-$741.2K
Q3 24	-$535.1K	-$535.1K
Q4 24	-$267.6K	-$267.6K
Q1 25	-$158.1K	-$158.1K
Q2 25	-$331.5K	-$331.5K

Capital Expenditures

Quarter	CapEx
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	$3
Q2 25	$3

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	—	+7383.0%
Q3 23	—	+10373.0%
Q4 23	—	+577361.3%
Q1 24	—	+674.2%
Q2 24	—	+67.6%
Q3 24	—	-43.5%
Q4 24	—	+347.0%
Q1 25	—	-30.3%
Q2 25	—	-18.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
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	0.0%
Q1 25	$0	—
Q2 25	$0	—

OpEx Breakdown

Quarter	SG&A
Q1 22	$3.4K
Q3 22	$80
Q1 23	$58.4K
Q2 23	$253.1K
Q3 23	$309.8K
Q4 23	$462.0K
Q1 24	$452.4K
Q2 24	$424.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$49.6K	$0	$49.6K
Q3 22	$1.2K	$0	$1.2K
Q4 22	$1.3K	$0	$1.3K
Q1 23	$974.0K	$0	$974.0K
Q2 23	$148.2K	$0	$148.2K
Q3 23	$4.6K	$0	$4.6K
Q4 23	$10.6K	$0	$10.6K
Q1 24	$5.2K	$0	$5.2K
Q2 24	$862	$0	$862
Q3 24	$126.0K	$0	$126.0K
Q4 24	$28.4K	$0	$28.4K
Q1 25	$1.3K	$0	$1.3K
Q2 25	$9.8K	$0	$9.8K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	7M	—	—
Q2 22	7M	+2.7%	—
Q3 22	7M	0.0%	—
Q1 23	7M	0.0%	—
Q2 23	7M	+0.7%	+3.4%
Q3 23	7M	0.0%	+0.7%
Q4 23	7M	+0.8%	+1.5%
Q1 24	7M	0.0%	+1.5%
Q2 24	6M	-5.8%	-5.0%
Q3 24	6M	0.0%	-5.0%
Q4 24	4M	-36.6%	-40.3%
Q1 25	4M	0.0%	-40.3%
Q2 25	3M	-36.4%	-59.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	—	—
Q2 22	—	—
Q3 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	$0	3
Q1 24	$0	3
Q2 24	$0	3
Q3 24	$0	3
Q4 24	$584.3K	3
Q1 25	$0	3
Q2 25	$0	3

Revenue / Employee