---
title: "Cartesian Growth III | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286616183.md"
datetime: "2026-05-15T21:07:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286616183.md)
  - [en](https://longbridge.com/en/news/286616183.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286616183.md)
generator: "portal-rs"
---

# Cartesian Growth III | 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 0.05.

EBIT: As of FY2026 Q1, the actual value is USD -3.303 M.

#### Net Income (Loss)

-   Cartesian Growth Corporation III reported a net income of $1,680,417 for the three months ended March 31, 2026, compared to a net loss of -$20,449 for the three months ended March 31, 2025.

#### Operational Metrics

-   General and administrative costs for Cartesian Growth Corporation III were $811,301 for the three months ended March 31, 2026, an increase from $20,449 for the same period in 2025.
-   Interest earned on investments held in the Trust Account was $2,491,718 for the three months ended March 31, 2026, with no interest earned in the corresponding period of 2025.

#### Cash Flow

-   Net cash used in operating activities by Cartesian Growth Corporation III was -$227,953 for the three months ended March 31, 2026, while there was no cash used in operating activities for the three months ended March 31, 2025.

#### Balance Sheet Highlights

-   As of March 31, 2026, Cartesian Growth Corporation III’s cash balance was $396,210, a decrease from $624,163 as of December 31, 2025.
-   Investments held in the Trust Account increased to $285,868,994 as of March 31, 2026, from $283,377,276 as of December 31, 2025.
-   The company had a working capital deficit of -$877,955 as of March 31, 2026.

#### Business Combination Related Metrics

-   Total transaction costs for the Initial Public Offering amounted to $18,821,468, comprising $4,800,000 in cash underwriting commissions, $13,140,000 in deferred underwriting commissions, and $881,468 in other offering costs.
-   The deferred underwriting commission of $13,140,000 was modified with Cantor Fitzgerald & Co., with the modified fee set at $3.75 million plus amounts based on unredeemed public shares, capped at $13.0 million, if the business combination with Factorial Inc. is consummated.
-   In connection with the PIPE Financing, investors agreed to subscribe for 9,927,184 shares of New Factorial Series A Common Stock at an average subscription price of $10.08 per share, generating aggregate gross proceeds of $100,000,000.

#### Future Outlook and Strategy

-   Cartesian Growth Corporation III expects its proposed Business Combination with Factorial Inc. to close in mid-2026, contingent on shareholder and stockholder approvals and other closing conditions.
-   The company anticipates incurring significant costs in pursuit of its acquisition plans and does not expect to generate operating revenues until after the completion of its initial Business Combination.
-   Management has determined that the company’s current liquidity condition raises substantial doubt about its ability to continue as a going concern, indicating a potential need for additional funding to meet expenditures or complete the Business Combination.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**