---
title: "Idea Acquisition Corp. 1Q 2026: Net loss $(4.41M), EPS $(0.16) — 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286610427.md"
description: "Idea Acquisition Corp. reported a net loss of $(4.41M) for Q1 2026, with a diluted EPS of $(0.16) for both Class A and Class B shares. The company remains pre-revenue as it focuses on acquiring software firms leveraging AI. It completed an IPO, placing $350M in trust for future acquisitions, while current activities are centered on target identification and due diligence."
datetime: "2026-05-15T20:23:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286610427.md)
  - [en](https://longbridge.com/en/news/286610427.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286610427.md)
---

# Idea Acquisition Corp. 1Q 2026: Net loss $(4.41M), EPS $(0.16) — 10-Q Summary

Idea Acquisition Corp. reported a net loss of $(4.41M) for the first quarter of 2026 as the blank-check company remains pre-revenue while it pursues potential business-combination targets in the software and AI space.

**Financial Highlights**

-   Net income: Net loss of $(4.41M) for 1Q 2026; no prior-year quarter comparable presented.
-   Diluted EPS: Basic and diluted net loss per share of $(0.16) for Class A redeemable and $(0.16) for Class B for 1Q 2026.
-   Revenue: Not reported for 1Q 2026 — the company has not commenced operations and generated no operating revenues.

**Business Highlights**

-   Corporate focus: Targeting software companies that leverage large language models and AI as its primary acquisition focus.
-   IPO and liquidity: Completed an IPO and placed $350M in trust to fund a future business combination and post-close operations.
-   Operational activity: No operating revenues; current activities are centered on target identification, due diligence and IPO-related setup.
-   Capital deployment plan: Intends to use trust funds and outside working capital to pursue acquisitions, diligence and integration.

Original SEC Filing: Idea Acquisition Corp. \[ IACO \] - 10-Q - May. 15, 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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