KSEZ · XBRL financial data
Kinetic Seas financial statements, every fiscal year
The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (KSEZ's year ends in late December)
| In thousands of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Revenue | 0 | 0 | 211 | 71 |
| Cost of revenue | 0 | 0 | 158 | 67 |
| Gross profit | 0 | 0 | 53 | 351 |
| Selling, general and administrative | 76 | 122 | 507 | 548 |
| Total operating expenses | 76 | 122 | 3,820 | 1,554 |
| Operating income (loss) | (76) | (122) | (3,767) | (1,203) |
| Interest expense | 18 | 39 | 130 | 111 |
| Net income (loss) | (94) | (161) | (3,897) | (1,235) |
| Earnings per share, basic USD per share | 0.00 | (0.03) | (0.18) | (0.05) |
| Earnings per share, diluted USD per share | 0.00 | (0.03) | (0.18) | (0.05) |
| Weighted average shares, basic thousands of shares | 140,791 | 4,335 | 21,631 | 24,523 |
| Weighted average shares, diluted thousands of shares | 140,791 | 4,335 | 21,631 | 24,523 |
Balance sheet
CSVFiscal years (KSEZ's year ends in late December)
| In thousands of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | 1 | 18 | 5 | 8 |
| Accounts receivable | — | 0 | 21 | 0 |
| Total current assets | 1 | 18 | 37 | 52 |
| Property and equipment, net | 0 | 13 | 84 | 46 |
| Right-of-use asset | — | 0 | 70 | 51 |
| Total assets | 1 | 31 | 190 | 10,609 |
| Accounts payable | 12 | 0 | 219 | 201 |
| Accrued liabilities | 33 | 33 | 1,484 | 1 |
| Total current liabilities | 158 | 227 | 2,162 | 2,887 |
| Lease liability, non-current | — | 0 | 50 | 31 |
| Total liabilities | — | 227 | 2,212 | 10,959 |
| Accumulated deficit | (957) | (1,118) | (5,015) | (6,250) |
| Total stockholders' equity | (156) | (196) | (2,022) | (351) |
| Total liabilities and equity | 1 | 31 | 190 | 10,609 |
| Common shares outstanding (cover page) thousands of shares | 140,791 | 31,146 | 44,554 | 60,746 |
Cash flows
CSVFiscal years (KSEZ's year ends in late December)
| In thousands of dollars | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|
| Net income (loss) | (94) | (161) | (3,897) | (1,235) |
| Stock-based compensation | 0 | 0 | 1,127 | 2,387 |
| Depreciation and amortization | 0 | 0 | 29 | — |
| Net cash from operating activities | (63) | (134) | (1,072) | (554) |
| Purchases of property and equipment | 0 | 13 | 100 | 0 |
| Net cash from investing activities | 0 | (13) | (100) | 0 |
| Proceeds from issuing common stock | — | 72 | 911 | 255 |
| Net cash from financing activities | 60 | 164 | 1,159 | 557 |
Compare with peers
SIC 6770 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6770 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- Runway shows only for companies burning cash with under $10B of public float.
- * marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($K) | Revenue, quarter ($K) | Operating cash flow, quarter ($K) | Shares outstanding | Runway | Quarter |
|---|---|---|---|---|---|---|
| Kinetic Seas | 0 | 1,040* | (135)* | 61.2M | — | 10-QJun 30, 2026 |
| Inception Growth Acquisition | 0.8 | not reported | (105)* | 2.8M | 0.0 quarters | 10-KDec 31, 2025 |
| WinVest Acquisition | 0 | not reported | (41)* | 3.1M | — | 10-QJun 30, 2026 |
| Trailblazer Merger Corp I | 85 | not reported | (448)* | not reported | 0.2 quarters | 10-KDec 31, 2025 |
| BPGC Acquisition | 0 | not reported | (104)* | not reported | — | 10-QJun 30, 2026 |
| ClimateRock | 5.1 | not reported | (168)* | not reported | 0.0 quarters | 10-QJun 30, 2026 |
| Chain Bridge I | 147 | not reported | (239)* | not reported | 0.6 quarters | 10-QJun 30, 2026 |
| TechCom | 13 | 0 | (4.2)* | 65.0M | 1.4 quarters | 10-QSep 30, 2026 |
| Compass Digital Acquisition | 17 | not reported | (125) | not reported | 0.1 quarters | 10-QMar 31, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.