---
title: "Texas Ventures Acquisition III | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286631698.md"
datetime: "2026-05-16T03:48:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286631698.md)
  - [en](https://longbridge.com/en/news/286631698.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286631698.md)
---

# Texas Ventures Acquisition III | 10-Q: FY2026 Q1 Revenue: USD 0

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

EBIT: As of FY2026 Q1, the actual value is USD -4.57 M.

Texas Ventures Acquisition III Corp operates as a single reportable segment, with its Chief Operating Decision Maker assessing performance and allocating resources based on net income or loss and total assets.

#### Net Loss

For the three months ended March 31, 2026, the company reported a net loss of - $472,477, compared to a net loss of - $39,596 for the three months ended March 31, 2025.

#### Expenses

General and administrative expenses were $2,521,284 for the three months ended March 31, 2026, which was significantly higher than $39,596 for the same period in 2025.

#### Interest Income

Interest income earned on investments held in the Trust Account was $2,044,010 for the three months ended March 31, 2026, with no income reported for the same period in 2025. Additionally, interest income earned on cash held in the operating account was $4,797 for the three months ended March 31, 2026, also with no income for the prior year period.

#### Cash and Investments

As of March 31, 2026, cash stood at $473,633, down from $856,131 as of December 31, 2025. Investments held in the Trust Account increased to $234,504,543 as of March 31, 2026, from $232,460,533 as of December 31, 2025.

#### Working Capital

The company had a working capital deficiency of - $1,764,675 as of March 31, 2026.

#### Offering Costs

Total offering costs amounted to $14,006,902, comprising $4,500,000 in underwriting fees, $9,000,000 in deferred underwriting fees, and $506,902 in other offering costs.

#### Future Outlook and Strategy

Texas Ventures Acquisition III Corp plans to complete a Business Combination using funds from its Initial Public Offering and Private Placement Warrants, or a combination of cash, shares, and debt. Funds in the Trust Account are primarily designated for the Business Combination, while funds outside are for identifying and evaluating target businesses, due diligence, and negotiation. The company’s current liquidity and the impending mandatory liquidation if a Business Combination is not consummated within one year raise substantial doubt about its ability to continue as a going concern.

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