TDAC

MKT CAP:$233M

Translational Development Acquisition Corp.

Market Cap

$233M

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

Financials·Shell Companies·🇺🇸·NASDAQ

Stock Price

$10.69+$0.20 (+1.91%)

Apr 21, 2026

Company Details

Translational Development Acquisition Corp. does not have significant operations. It intends to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or mo...

CEO

Michael Hoffman

IPO Date

Feb 20, 2025

Website

www.translational-development.com

Key Metrics TTM

Revenue

$553.3K

— YoY

Net Income

$5M

EPS (Diluted)

$0.52

Free Cash Flow

-$2M

Revenue / Share

$0.03

Gross Margin

4.2%

Operating Margin

-165.5%

Net Margin

860.0%

FCF Margin

-444.3%

P/S

420.7x

P/E

48.9x

Earnings Reports

Q3 2025

Nov 20, 2025

$137.7KEPS $0.08

Q2 2025

Aug 14, 2025

$191.8KEPS $0.07

Q1 2025

May 15, 2025

$223.8KEPS $0.37

FY 2024

Apr 21, 2025

$1MEPS -$0.02

Q4 2024

Apr 21, 2025

$0EPS -$0.00

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$0	$0	-$1.7K
Q1 23	$0	$0	-$602
Q2 23	$0	$0	-$602
Q3 23	$0	$0	-$500
Q4 23	$0	$0	-$483.8K
Q1 24	$0	$0	-$843
Q2 24	$0	$0	-$843
Q3 24	$0	$0	-$61.3K
Q4 24	$0	$0	-$133.4K
Q1 25	$223.8K	$61.4K	-$347.4K
Q2 25	$191.8K	$29.0K	-$221.1K
Q3 25	$137.7K	-$67.2K	-$213.7K

Valuation

Quarter	P/S	P/E
Q2 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	—	—
Q1 25	1039.8x	164.7x
Q2 25	560.1x	76.6x
Q3 25	420.7x	48.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$0	$0
Q1 23	-$102	-$102
Q2 23	-$102	-$102
Q3 23	$0	$0
Q4 23	$0	$0
Q1 24	$0	$0
Q2 24	$0	$0
Q3 24	-$40.5K	-$40.5K
Q4 24	-$811.0K	-$811.0K
Q1 25	-$231.6K	-$231.6K
Q2 25	-$171.3K	-$171.3K
Q3 25	-$1M	-$1M

Capital Expenditures

Quarter	CapEx
Q2 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	$3
Q1 25	$0
Q2 25	$0
Q3 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 23	—	+28395.1%
Q1 24	—	+40.0%
Q2 24	—	+40.0%
Q3 24	—	+12156.6%
Q4 24	—	-72.4%
Q1 25	—	+67664.8%
Q2 25	—	+48878.5%
Q3 25	—	+473.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 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	0.0%
Q2 25	$0	0.0%
Q3 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q2 22	$1.7K
Q1 23	$602
Q2 23	$602
Q3 23	$500
Q4 23	$483.8K
Q1 24	$843
Q2 24	$843
Q3 24	$61.3K
Q4 24	$133.4K
Q1 25	$347.4K
Q2 25	$221.1K
Q3 25	$213.7K

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$62.5K	$0	$62.5K
Q1 23	$2.2K	$0	$2.2K
Q4 23	$2.0K	$0	$2.0K
Q1 24	$72.0K	$0	$72.0K
Q2 24	$72.0K	$0	$72.0K
Q3 24	$224.0K	$0	$224.0K
Q4 24	$438.2K	$0	$438.2K
Q1 25	$206.6K	$0	$206.6K
Q2 25	$35.3K	$0	$35.3K
Q3 25	$47.1K	$0	$47.1K

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	4M	—	—
Q1 23	4M	+8.0%	—
Q2 23	4M	0.0%	—
Q3 23	4M	0.0%	—
Q4 23	4M	0.0%	+8.0%
Q1 24	4M	0.0%	0.0%
Q2 24	4M	0.0%	0.0%
Q3 24	4M	0.0%	0.0%
Q4 24	4M	0.0%	0.0%
Q1 25	4M	0.0%	0.0%
Q2 25	17M	+325.9%	+325.9%
Q3 25	17M	0.0%	+325.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	—	—
Q4 23	—	—
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q4 24	$0	6
Q1 25	$37.3K	6
Q2 25	$32.0K	6
Q3 25	$22.9K	6

Revenue / Employee