---
title: "Andretti Acquisition Corp II | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285612667.md"
datetime: "2026-05-07T20:29:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285612667.md)
  - [en](https://longbridge.com/en/news/285612667.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285612667.md)
---

# Andretti Acquisition Corp II | 10-Q: FY2026 Q1 Revenue: USD 0

Revenue: As of FY2026 Q1, the actual value is USD 0.

EPS: As of FY2026 Q1, the actual value is USD 0.06.

EBIT: As of FY2026 Q1, the actual value is USD -2.454 M.

Andretti Acquisition Corp. II operates as a single reportable segment, with its Chief Executive Officer reviewing overall assets, operating results, and financial metrics to guide resource allocation and performance assessment.

#### Financial Performance

Net income for the three months ended March 31, 2026, was $1,841,144, a decrease from $2,263,403 for the same period in 2025. The company reported a loss from operations of - $306,630 for the three months ended March 31, 2026, compared to - $192,199 for the prior year’s comparable period. Interest earned on marketable securities held in the Trust Account, a non-operating income, was $2,147,774 for the three months ended March 31, 2026, down from $2,455,602 in the comparable 2025 period. General and administrative costs increased to $306,630 for the three months ended March 31, 2026, from $192,199 for the three months ended March 31, 2025.

#### Liquidity and Capital Resources

As of March 31, 2026, cash in the operating account increased to $150,516 from $48,469 as of December 31, 2025. The value of marketable securities held in the Trust Account was $246,409,067 as of March 31, 2026, up from $244,261,293 as of December 31, 2025. The company reported a working capital surplus of $274,364 as of March 31, 2026, a significant improvement from a working capital deficit of - $29,006 as of December 31, 2025.

#### Cash Flow

Net cash used in operating activities for the three months ended March 31, 2026, was - $507,953, compared to - $185,762 for the same period in 2025. Net cash provided by financing activities amounted to $610,000 for the three months ended March 31, 2026, with no comparable activity in the prior year’s period.

#### Other Key Financial Indicators

The outstanding convertible note from a related party increased to $1,060,000 as of March 31, 2026, from $450,000 as of December 31, 2025. The deferred underwriting fee payable remained constant at $9,775,000 as of both March 31, 2026, and December 31, 2025. Class A Ordinary Shares subject to possible redemption were valued at $246,409,067 as of March 31, 2026, up from $244,261,293 as of December 31, 2025.

#### Future Outlook and Strategy

Andretti Acquisition Corp. II aims to complete a Business Combination by September 9, 2026, a deadline that may be extended with shareholder approval. The company plans to utilize funds outside the Trust Account for identifying targets, due diligence, and structuring a Business Combination, while funds within the Trust Account are designated for the Business Combination itself and the target’s subsequent working capital. The company’s liquidity condition and the mandatory liquidation if a Business Combination is not completed by the deadline raise substantial doubt about its ability to continue as a going concern, which management intends to address through a successful Business Combination. On April 30, 2026, an additional $180,000 was drawn from WCL Promissory Notes, with $3,135,000 remaining available for withdrawal.

### Related Stocks

- [POLE.US](https://longbridge.com/en/quote/POLE.US.md)

## Related News & Research

- [Advance Auto Parts Reports First Quarter 2026 Results; Reaffirms Full Year 2026 Guidance | AAP Stock News](https://longbridge.com/en/news/287202242.md)
- [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md)
- [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md)
- [Correction: NextNRG to Host First Quarter 2026 Financial Results Conference Call on May 18, 2026 at 9:00 a.m. ET | NXXT Stock News](https://longbridge.com/en/news/286673001.md)
- [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md)