---
title: "Iron Horse Acquisition II 10-Q: $0.00 Revenue, $0.06 EPS on Trust Interest Income"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/281574137.md"
description: "Iron Horse Acquisition II reported no operating revenues for the quarter, with a net income of $1.36 million primarily from interest income on its trust account. Earnings per share were $0.06 for both Class A and Class B shares. The company is in a pre-revenue stage, focusing on identifying and completing a business combination, with approximately $230 million in trust funds for future acquisitions. Management is actively pursuing opportunities, but future success hinges on completing a qualifying business combination."
datetime: "2026-04-02T20:41:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/281574137.md)
  - [en](https://longbridge.com/en/news/281574137.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/281574137.md)
---

# Iron Horse Acquisition II 10-Q: $0.00 Revenue, $0.06 EPS on Trust Interest Income

Iron Horse Acquisition II reported no operating revenues for the quarter and posted net income of $1.36 million, primarily driven by interest income on its trust account; earnings per Class A and Class B ordinary share were $0.06 (basic and diluted). Operating activity remains limited to pre‑combination functions, producing an operating loss of $0.28 million from general and formation costs. The company holds trust funds ready to fund a qualifying business combination.

**Financial Highlights**

-   **Revenue**: $0.00 million — no operating revenues reported for the period.
-   **Gross Profit**: $0.00 million — no revenues or cost of sales reported.
-   **Operating Income (Loss)**: $(0.28) million — general, formation and operational costs of $0.278 million.
-   **Net Income**: $1.36 million — driven by $1.637 million interest income on the trust account less operating costs.
-   **Net Income Per Share**: $0.06 per Class A ordinary share (basic and diluted) and $0.06 per Class B ordinary share.

**Business Highlights**

-   **Business Model**: Operates as a blank‑check special purpose acquisition company formed to identify and complete a business combination and to hold the target operations post‑combination.
-   **Capital Deployment**: Approximately $230 million placed in a trust to fund an acquisition and future target operations; interest income from the trust supports interim operating activities.
-   **Operational Activity**: Pre‑revenue stage; primary activities include searching for targets, conducting due diligence, and structuring potential transactions.
-   **Milestones**: Completed IPO, private placement, and Cayman continuation, positioning the company to deploy trust funds toward a qualifying business combination.
-   **Outlook & Risks**: Management is actively pursuing acquisitions with forward‑looking plans; future success depends on identifying and completing a qualifying business combination.

Original SEC Filing: Iron Horse Acquisition II Corp. \[ IRHO \] - 10-Q - Apr. 02, 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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