---
title: "Bayview Acquisition | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287113501.md"
datetime: "2026-05-20T20:17:52.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287113501.md)
  - [en](https://longbridge.com/en/news/287113501.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287113501.md)
---

# Bayview 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 -0.23.

EBIT: As of FY2026 Q1, the actual value is USD -575.68 K.

Bayview Acquisition Corp did not have significant operations or generate operating revenues from its inception on February 16, 2023, through March 31, 2026, as it is a blank check company formed for the purpose of a business combination.

#### Operational Metrics

-   **Net Loss (Income)**: For the three months ended March 31, 2026, Bayview Acquisition Corp reported a net loss of - $367,344, primarily due to formation and operating costs of $471,513, partially offset by $104,169 in interest earned on marketable securities and bank interest income. In contrast, for the three months ended March 31, 2025, the company had a net income of $143,915, driven by $414,374 in interest and dividend income, against $270,459 in formation and operating costs.
-   **Formation and Operating Costs**: These costs were $471,513 for the three months ended March 31, 2026, an increase from $270,459 for the same period in 2025.

#### Cash Flow and Liquidity

-   **Cash and Cash Equivalents**: As of March 31, 2026, the company’s cash and cash equivalent balance was $50,187, up from $44,129 as of December 31, 2025.
-   **Investments Held in Trust Account**: The balance in the trust account was $12,014,746 as of March 31, 2026, compared to $11,710,990 as of December 31, 2025.
-   **Interest Earned on Trust Account**: Bayview Acquisition Corp earned $103,756 in interest from the trust account for the three months ended March 31, 2026, which is lower than the $413,357 earned for the three months ended March 31, 2025.
-   **Working Capital Deficit**: As of March 31, 2026, the company had a working capital deficit of - $4,035,754, which raises substantial doubt about its ability to continue as a going concern.
-   **Promissory Notes**: Through March 31, 2026, promissory notes totaling $1,925,000 were issued to Oabay to cover expenses related to the extension of the Business Combination period, with the full amount deposited into the trust account.

#### Other Financial Metrics

-   **Accrued Expenses**: These increased to $990,797 as of March 31, 2026, from $842,103 as of December 31, 2025.
-   **Payable to Target**: The amount payable to the target entity increased to $1,035,433 as of March 31, 2026, from $669,311 as of December 31, 2025.
-   **Due to Related Party**: The amount due to related parties was $210,938 as of March 31, 2026, up from $180,705 as of December 31, 2025.
-   **Deferred Underwriting Commission Payable**: This remained constant at $2,100,000 as of both March 31, 2026, and December 31, 2025.

#### Future Outlook and Strategy

Bayview Acquisition Corp intends to use substantially all funds in its trust account to complete its initial business combination and subsequently finance the target business’s operations, make further acquisitions, and pursue growth strategies. The company has extended the deadline to complete its business combination with Oabay Inc. to December 19, 2026, and must demonstrate compliance with Nasdaq’s initial listing rules by June 19, 2026, to maintain its listing. Bayview Acquisition Corp anticipates incurring increased expenses as a public company and for the business combination, with estimated liquidity requirements totaling approximately $575,000 for various fees and services.

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