---
title: "Andretti 10-K: $0 Revenue, Net Income $8.35M (FY 2025) — Trust Interest Drives EPS"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280368751.md"
description: "Andretti's 10-K report reveals no operating revenues for FY 2025, with a net income of $8.35 million primarily from interest on a Trust Account. The company, functioning as a special purpose acquisition company, recorded general and administrative expenses of $1.41 million. It aims to secure a business combination by September 9, 2026, with $231.15 million in the Trust Account to support operations. Previous merger agreements with StoreDot have been terminated. The company continues to focus on target identification and due diligence activities."
datetime: "2026-03-24T20:35:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280368751.md)
  - [en](https://longbridge.com/en/news/280368751.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280368751.md)
---

# Andretti 10-K: $0 Revenue, Net Income $8.35M (FY 2025) — Trust Interest Drives EPS

Andretti reported no operating revenues for the periods covered in its Form 10-K, with net income driven by interest earned on a Trust Account—$8.35 million for the year ended December 31, 2025, and $3.05 million for the May 21, 2024–December 31, 2024 period—while general and administrative expenses partially offset interest income. The company recorded no operating revenue and continues to operate as a special purpose acquisition company pursuing a business combination. Management anticipates seeking a business combination by September 9, 2026 to continue operations.

**Financial Highlights**

-   **Revenue:** $0; no operating revenues recognized, only interest income from the Trust Account recorded as non-operating income.
-   **Net Income (Year ended Dec 31, 2025):** $8.35 million, primarily interest income from the Trust Account partially offset by general and administrative expenses of $1.41 million.
-   **Net Income (May 21, 2024–Dec 31, 2024):** $3.05 million, primarily interest income from the Trust Account partially offset by general and administrative expenses of $0.30 million.
-   **Trust Account Funding:** $231.15 million placed in the Trust Account to fund an initial business combination and related operations.

**Business Highlights**

-   **Business Model:** Operates as a Cayman Islands blank check company (special purpose acquisition company) formed to complete a business combination.
-   **Operational Activity:** No operating revenues; primary activities during the periods were the initial public offering, target identification, due diligence, and related transaction costs.
-   **Transaction Milestone:** Previously entered into merger agreements with StoreDot that were subsequently terminated and are now void.
-   **Liquidity & Outlook:** Interest income from the Trust Account has supported general and administrative costs to date; management is pursuing a business combination by September 9, 2026 to extend operations.

Original SEC Filing: Andretti Acquisition Corp. II \[ POLE \] - 10-K - Mar. 24, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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