---
title: "DoubleLine Commercial Real Estt Dbt ETF | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286467775.md"
datetime: "2026-05-14T20:59:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286467775.md)
  - [en](https://longbridge.com/en/news/286467775.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286467775.md)
---

# DoubleLine Commercial Real Estt Dbt ETF | 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 0.07.

EBIT: As of FY2026 Q1, the actual value is USD -3.985 M.

#### Net Income

Net income for DoubleLine Commercial Real Estt Dbt ETF was $2,755,291 for the three months ended March 31, 2026, which included general and administrative expenses and $3,369,982 in interest from the Trust Account . This represents a decrease compared to the net income of $4,017,775 reported for the three months ended March 31, 2025, which included general and administrative expenses (offset by $2,076,234 in waived legal fees against $2,036,401 incurred) and $3,977,942 in interest from the Trust Account .

#### General and Administrative Expenses

General and administrative expenses for the three months ended March 31, 2026, were $614,691 . For the same period in 2025, general and administrative expenses were - $39,833, reflecting the impact of $2,076,234 in waived legal fees .

#### Cash Flow from Operating Activities

Net cash provided by operating activities for the three months ended March 31, 2026, was $1,975,334 . This figure is derived from net income of $2,755,291, changes in operating assets and liabilities of $365,473, offset by - $3,369,982 in interest on cash held in the Trust Account, and $2,224,553 in general and administrative expenses funded by a note payable to the Sponsor and affiliates . For the three months ended March 31, 2025, net cash provided by operating activities was $0 .

#### Liquidity and Capital Resources

As of March 31, 2026, DoubleLine Commercial Real Estt Dbt ETF had a cash balance of $1 and a working capital deficit of - $19,704,688 . The company’s liquidity needs are met through net proceeds from the Public Offering and the sale of Private Placement Warrants held outside the Trust Account .

#### Promissory Notes

As of March 31, 2026, the outstanding balance under the Extension Promissory Note was $3,292,224 . Additionally, the Working Capital Note had an outstanding balance of $1,500,000 as of March 31, 2026 .

#### Future Outlook and Strategy

DoubleLine Commercial Real Estt Dbt ETF is a blank check company formed to effect a business combination and does not expect to generate operating revenues until then . The company intends to complete a business combination before the mandatory liquidation date, which is the Extended Termination Date . If the company fails to complete an initial business combination by this date, it will cease operations, redeem public shares, and then dissolve and liquidate .

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