---
title: "CSLM Digital Asset Acquisition III | 10-K: FY2025 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279843970.md"
datetime: "2026-03-19T20:23:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279843970.md)
  - [en](https://longbridge.com/en/news/279843970.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279843970.md)
---

# CSLM Digital Asset Acquisition III | 10-K: FY2025 Revenue: USD 0

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

EBIT: As of FY2025, the actual value is USD -4.129 M.

#### Financial Performance

-   **Net Income (Loss)**: CSLM Digital Asset Acquisition Corp III, Ltd reported a net income of $1,847,947 for the year ended December 31, 2025, compared to a net loss of - $22,820 for the period from July 26, 2024 (inception) through December 31, 2024.
-   **Interest Income**: The company generated $3,253,391 in interest income from its Trust Account and $14,607 in interest income from money market mutual funds for the year ended December 31, 2025.
-   **Operational Expenses**: For the year ended December 31, 2025, operating expenses included $799,744 in formation, general, and administrative expenses, $25,890 in insurance expense, $35,417 in listing fees, and $559,000 in share-based compensation expense. For the period from July 26, 2024, through December 31, 2024, formation, general, and administrative expenses totaled $22,820.

#### Liquidity and Capital Resources

-   **Cash and Cash Equivalents**: As of December 31, 2025, CSLM Digital Asset Acquisition Corp III, Ltd had $3,108,288 in cash and cash equivalents, compared to $0 as of December 31, 2024.
-   **Working Capital**: The company’s working capital was $2,973,730 as of December 31, 2025, an increase from a working capital deficit of - $58,300 as of December 31, 2024.
-   **Trust Account Balance**: The Trust Account held $233,253,391 in treasury securities as of December 31, 2025.
-   **Deferred Underwriting Commissions**: As of December 31, 2025, non-current liabilities included $9,200,000 in deferred underwriting commissions.

#### Outlook / Guidance

CSLM Digital Asset Acquisition Corp III, Ltd anticipates incurring significant costs for its acquisition plans and does not expect to generate operating revenues until after completing its initial business combination. The company believes its current cash resources, not held in the Trust Account, will be sufficient for operations for at least the next 24 months. During this period, anticipated expenses include $400,000 for legal and third-party expenses, $150,000 for SEC filing and regulatory fees, $720,000 for administrative support, $250,000 for directors and officers insurance, and $1,368,324 for working capital.

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