---
title: "Idea Acquisition | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286609851.md"
datetime: "2026-05-15T20:24:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286609851.md)
  - [en](https://longbridge.com/en/news/286609851.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286609851.md)
---

# Idea Acquisition | 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 -0.16.

EBIT: As of FY2026 Q1, the actual value is USD -1.732 M.

Idea Acquisition Corp. operates as a single reportable segment and has not generated any revenues to date, with operating revenues not expected until after the completion of a Business Combination .

#### Operational Metrics

For the three months ended March 31, 2026, Idea Acquisition Corp. reported a net loss of - $4,408,764 . This loss was primarily driven by operating costs of $142,416 and compensation expense of $6,182,319, partially offset by interest income on marketable securities held in the Trust Account of $1,589,271 and a positive change in overallotment liability of $326,700 .

#### Cash Flow

Net cash used in operating activities was - $329,579 for the three months ended March 31, 2026 . Net cash used in investing activities totaled - $350,000,000, primarily due to the investment of cash in the Trust Account . Net cash provided by financing activities amounted to $350,323,495 . As of March 31, 2026, the company had no cash or cash equivalents . The company had a working capital deficit of - $267,830 and a share subscription receivable of $1,346,926 within equity .

#### Key Financial Position Metrics

As of March 31, 2026, marketable securities held in the Trust Account totaled $351,589,271, including approximately $1,589,271 of interest income . In contrast, as of December 31, 2025, there were no marketable securities held in the Trust Account .

#### Future Outlook and Strategy

Idea Acquisition Corp.’s core business focus is to effect a business combination with one or more businesses, targeting opportunities in the software vertical that leverage large language models or other AI tools . The company intends to use substantially all funds held in the Trust Account to complete its Business Combination . While management believes it has sufficient funds for its working capital needs for the next year, it acknowledges that if costs exceed estimates, it may need additional financing .

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