Dune Acquisition Corp II - Unit | 10-Q: FY2025 Q3 Revenue: USD 0

Revenue: As of FY2025 Q3, the actual value is USD 0.

EPS: As of FY2025 Q3, the actual value is USD 0.07.

EBIT: As of FY2025 Q3, the actual value is USD -1.694 M.

Segment Revenue

• The company has not commenced any operations and does not expect to generate any operating revenues until after the completion of its initial Business Combination.

Operational Metrics

• For the three months ended September 30, 2025, the company reported net income of $1,335,424, primarily due to interest income of $1,514,706 earned on marketable securities held in the Trust Account, offset by formation and general administrative costs of $179,282.
• For the nine months ended September 30, 2025, net income was $2,048,349, with interest income of $2,388,170 offset by formation and general administrative costs of $339,821.
• For the period from September 13, 2024 (inception) through September 30, 2024, the company had a net loss of $16,230, consisting solely of formation and general administrative costs.

Cash Flow

• Net cash used in operating activities for the nine months ended September 30, 2025 was - $392,962, affected by interest earned on marketable securities held in the Trust Account of - $2,388,170, offset by payment of offering costs through promissory note of $23,500 and payment of operating costs through advances from related party of $4,320.
• Net cash used in investing activities was - $144,109,375, primarily due to investment of cash in the Trust Account.
• Net cash provided by financing activities was $144,890,421, primarily from proceeds from the sale of Units and Private Placement Warrants.

Unique Metrics

• The company completed the Initial Public Offering on May 8, 2025, raising gross proceeds of $143,750,000 from the sale of 14,375,000 Units, including the full exercise of the over-allotment option.
• Simultaneously, the company sold 2,000,000 Private Placement Warrants, generating gross proceeds of $2,000,000.

Future Outlook and Strategy

• The company intends to use the funds held outside the Trust Account primarily to identify and evaluate target businesses, perform business due diligence, and complete a Business Combination.
• Management plans to address liquidity concerns through a Business Combination, as the company’s liquidity condition raises substantial doubt about its ability to continue as a going concern for a period of time within one year after the date that the financial statements are issued.