The company has reported zero revenue across all historical periods, while recurring SG&A expenses of $104.8K in 2026Q1 continue to erode the entity's limited financial resources.
| Sales/Revenue | 0 | - | - |
| Revenue Growth % | - | - | - |
| Cost of Goods Sold | 0 | - | - |
| COGS % of Revenue | - | - | - |
| Gross Profit | 0 | 0 | 0 |
| Gross Margin % | - | - | - |
| Gross Profit Growth % | - | - | - |
| Operating Expenses | 590.68K | 603.18K | 250.85K |
| OpEx % of Revenue | - | - | - |
| Selling, General & Admin | 218.01K | 155.9K | 250.85K |
| SG&A % of Revenue | - | - | - |
| Research & Development | 0 | - | - |
| R&D % of Revenue | - | - | - |
| Other Operating Expenses | 0 | - | - |
| Operating Income | -590.68K | -603.18K | -250.85K |
| Operating Margin % | - | - | - |
| Operating Income Growth % | - | -140.46% | - |
| EBITDA | -590.68K | -603.18K | -250.85K |
| EBITDA Margin % | - | - | - |
| EBITDA Growth % | -36.48% | -140.46% | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 |
| EBIT | -590.68K | -603.18K | -250.85K |
| Net Interest Income | 2.45M | 1.78M | 0 |
| Interest Income | 2.45M | 1.78M | 0 |
| Interest Expense | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - |
| Pretax Income | 1.86M | 1.18M | -250.85K |
| Pretax Margin % | - | - | - |
| Income Tax | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% |
| Net Income | 1.86M | 1.18M | -250.85K |
| Net Margin % | - | - | - |
| Net Income Growth % | 530.71% | 568.57% | - |
| Net Income (Continuing) | 1.86M | 1.18M | -250.85K |
| Discontinued Operations | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 |
| EPS (Diluted) | 0.25 | 0.18 | -0.03 |
| EPS Growth % | 602.01% | 725% | - |
| EPS (Basic) | - | 0.18 | -0.03 |
| Diluted Shares Outstanding | 7.47M | 4.44M | 8.7M |
| Basic Shares Outstanding | 7.47M | 4.44M | 8.7M |
| Dividend Payout Ratio | - | - | - |
Imminent Liquidation Deadline Risk
As indicated by the company's historical financial filings, CHPG has reported zero revenue across all observed periods, confirming its status as a pre-operational special purpose vehicle that lacks any underlying commercial activity or organic growth trajectory to support its current public listing status.
The absence of revenue is consistent with the entity's structure as a blank-check company, yet the prolonged lack of a business combination suggests a state of operational stasis. Investors should monitor whether the company can secure a target before the liquidation deadline, as the current trajectory offers no evidence of commercial viability.
Based on reported quarterly figures, CHPG continues to incur recurring SG&A expenses, such as the $104.8K reported in 2026Q1, which directly depletes the company's nominal cash reserves of $17,251 and raises significant concerns regarding the sustainability of its ongoing regulatory and administrative compliance costs.
The cost structure is entirely comprised of fixed overheads necessary to maintain the shell entity, with no operational leverage possible until a merger occurs. The persistent cash burn relative to the minimal cash balance suggests that the company may be approaching a critical funding shortfall that could force an early liquidation.
According to the provided income statements, CHPG has recorded erratic net income fluctuations, including a $571.4K gain in 2026Q1, which appears to be driven by non-operating items rather than core business performance, warranting further investigation into the impact of warrant accounting on reported earnings.
These non-cash adjustments create a misleading picture of profitability that does not reflect the underlying economic reality of the business. Analysts should discount these accounting-driven gains, as they provide no indication of the company's ability to generate sustainable value for shareholders.
As reported in financial statements, the combination of a $17,251 cash balance and the absence of a definitive merger agreement suggests that the entity may be nearing a point of insolvency, challenging the narrative that the sponsor group retains the capacity to execute a transaction.
Short-term observers may argue that the company's survival is contingent upon external capital injections, which appear increasingly unlikely given the lack of progress. The current financial profile indicates that the risk of a total loss of capital is high, as the entity lacks the resources to sustain its search process indefinitely.
Quick answers to the most common questions about buying CHPG stock.
ChampionsGate Acquisition Corporation Class A Ordinary Share (CHPG) is profitable, generating $1.2M in net income for the fiscal year ending 2025.