HSPT

MKT CAP:$66M

Horizon Space Acquisition II Corp.

Market Cap

$66M

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

Financials·Shell Companies·🇺🇸·NASDAQ

Stock Price

$8.20-$2.39 (-22.57%)

Apr 23, 2026

Company Details

Horizon Space Acquisition II Corp. intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. The company was inc...

CEO

Mingyu Li

IPO Date

Feb 5, 2025

Website

www.horizonacquisitionii.com

Key Metrics TTM

Revenue

$0

— YoY

Net Income

$2M

EPS (Diluted)

$0.20

Free Cash Flow

-$1M

Revenue / Share

$0.00

Gross Margin

—

Operating Margin

—

Net Margin

—

FCF Margin

—

P/S

—

P/E

36.5x

Earnings Reports

FY 2025

Apr 8, 2026

$0EPS $0.20

Q4 2025

Apr 8, 2026

$0EPS $0.06

Q3 2025

Nov 13, 2025

$0EPS $0.07

Q2 2025

Aug 14, 2025

$0EPS $0.02

Q1 2025

May 16, 2025

$0EPS $0.05

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 23	$0	$0	-$4.3K
Q1 24	$0	$0	-$3.1K
Q2 24	$0	$0	-$8.0K
Q3 24	$0	$0	-$33.6K
Q4 24	$0	$0	-$156.9K
Q1 25	$0	$0	-$253.5K
Q2 25	$0	$0	-$509.2K
Q3 25	$0	$0	-$124.5K
Q4 25	$0	$0	-$193.4K

Valuation

Quarter	P/S	P/E
Q2 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	—	462.7x
Q1 25	—	106.9x
Q2 25	—	78.0x
Q3 25	—	44.2x
Q4 25	—	36.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$0	$0
Q3 24	$0	$0
Q4 24	-$110.5K	-$110.5K
Q1 25	-$281.9K	-$281.9K
Q2 25	-$338.7K	-$338.7K
Q3 25	-$259.4K	-$259.4K
Q4 25	-$158.7K	-$158.7K

Capital Expenditures

Quarter	CapEx
Q2 23	$0
Q3 24	$0
Q4 24	$5
Q1 25	$0
Q2 25	$0
Q3 25	$0
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 24	—	+3588.4%
Q1 25	—	+8060.9%
Q2 25	—	+6264.6%
Q3 25	—	+270.6%
Q4 25	—	+23.2%

Stock-Based Compensation

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

OpEx Breakdown

Quarter	SG&A
Q1 24	$3.1K
Q2 24	$8.0K
Q3 24	$33.6K
Q1 25	$253.5K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 24	$0	$0	$0
Q3 24	$0	$0	$0
Q4 24	$646.7K	$0	$646.7K
Q1 25	$364.8K	$0	$364.8K
Q2 25	$26.0K	$0	$26.0K
Q3 25	$66.6K	$0	$66.6K
Q4 25	$7.9K	$0	$7.9K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 23	8M	—	—
Q1 24	8M	0.0%	—
Q2 24	9M	+14.8%	—
Q3 24	8M	-10.4%	—
Q4 24	8M	0.0%	+2.8%
Q1 25	9M	+11.6%	+14.8%
Q2 25	9M	0.0%	0.0%
Q3 25	7M	-24.0%	-15.2%
Q4 25	7M	0.0%	-15.2%

Shares Outstanding

Revenue Per Employee

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

Revenue / Employee