The company continues to report zero revenue while sustaining quarterly operating losses that peaked at $946.5K in 2024Q3, reflecting a total lack of operational income.
| Sales/Revenue | 0 | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - |
| Cost of Goods Sold | 0 | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - |
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Margin % | - | - | - | - | - | - |
| Gross Profit Growth % | - | - | - | - | - | - |
| Operating Expenses | 953.27K | 1.5M | 2.57M | 1.76M | 1.32M | 317.59K |
| OpEx % of Revenue | - | - | - | - | - | - |
| Selling, General & Admin | 0 | 0 | 0 | 1.76M | 1.32M | 317.59K |
| SG&A % of Revenue | - | - | - | - | - | - |
| Research & Development | 0 | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - |
| Other Operating Expenses | 0 | - | - | - | - | - |
| Operating Income | -953.27K | -1.5M | -2.57M | -1.76M | -1.32M | -381.11K |
| Operating Margin % | - | - | - | - | - | - |
| Operating Income Growth % | - | 41.68% | -45.8% | -33.5% | -246.85% | - |
| EBITDA | -1.03M | -1.5M | -2.57M | 0 | 0 | 0 |
| EBITDA Margin % | - | - | - | - | - | - |
| EBITDA Growth % | 61.19% | 41.68% | - | - | - | - |
| D&A (Non-Cash Add-back) | 0 | 0 | 0 | 1.76M | 1.32M | 381.11K |
| EBIT | -978.99K | -1.5M | -2.57M | -1.01M | -1.32M | -381.11K |
| Net Interest Income | 91.82K | 98.85K | 420.94K | 749.11K | 1.41M | 3.14K |
| Interest Income | 91.82K | 98.85K | 420.94K | 749.11K | 1.41M | 3.14K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 0 | - | - | - | - | - |
| Pretax Income | -861.45K | -1.4M | -2.15M | -1.02M | 87.37K | -314.97K |
| Pretax Margin % | - | - | - | - | - | - |
| Income Tax | -3K | 13K | 80K | 132K | 314K | 0 |
| Effective Tax Rate % | 0.35% | -0.93% | -3.72% | -13% | 359.4% | 0% |
| Net Income | -872.45K | -1.41M | -2.23M | -1.15M | -226.63K | -314.97K |
| Net Margin % | - | - | - | - | - | - |
| Net Income Growth % | 69.22% | 36.62% | -94.49% | -406.38% | 28.05% | - |
| Net Income (Continuing) | -872.45K | -1.41M | -2.23M | -1.15M | -226.63K | -314.97K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -4.02 | -0.49 | -0.66 | -0.26 | -0.05 | -0.02 |
| EPS Growth % | 65.52% | 25.76% | -153.85% | -447.37% | -116.89% | - |
| EPS (Basic) | - | -0.49 | -1.45 | -0.26 | -0.05 | -0.02 |
| Diluted Shares Outstanding | 217.22K | 247.54K | 3.37M | 4.41M | 4.77M | 14.38M |
| Basic Shares Outstanding | 217.22K | 247.54K | 1.54M | 4.41M | 4.77M | 14.38M |
| Dividend Payout Ratio | - | - | - | - | - | - |
Imminent Liquidation Risk
As reported in recent financial statements, WINV continues to incur recurring administrative expenses despite generating zero revenue, with quarterly operating losses reaching as high as $946.5K in 2024Q3, highlighting a structural inability to sustain operations without external capital injections or a successful business combination.
The company's cost structure is entirely comprised of professional fees and administrative overhead necessary to maintain its listing status. The persistent negative operating income suggests that the entity is consuming its limited resources at a rate that may soon exceed its capacity to remain a going concern.
Based on reported figures, WINV has consistently posted net losses for ten consecutive quarters, with the most recent 2026Q1 net loss of $166.3K underscoring the lack of operational income to offset the fixed costs associated with the ongoing Insight Guru merger process.
The absence of revenue means that net income is purely a function of administrative burn, providing no insight into future operational profitability. Investors should monitor the lack of stock-based compensation as an indicator that the sponsor is not yet diluting equity to fund these ongoing losses.
According to SEC filings, WINV exhibits no operating leverage as the company lacks a revenue base, resulting in a direct correlation between administrative spending and net losses that appears to threaten the viability of the proposed merger with Insight Guru Inc. in the near term.
Without a transition to an operating entity, the company cannot achieve the scale required to leverage its fixed costs. The current financial profile suggests that the entity is effectively a cost-center waiting for a catalyst that has yet to materialize in the income statement.
With a reported cash balance of only $111, the company faces extreme liquidity pressure that may force a premature liquidation, as the current income statement shows no evidence of the capital required to finalize the definitive agreement with its target asset, Insight Guru Inc.
Short-sellers would likely focus on the discrepancy between the company's stated goal of a business combination and its inability to fund the basic administrative costs of that process. This suggests that the entity may be nearing a point of insolvency unless a significant capital infusion occurs immediately.
Quick answers to the most common questions about buying WINV stock.
WinVest Acquisition Corp. (WINV) reported a net loss of $1.4M for the fiscal year ending 2025.