---
title: "Bayview Acquisition Corp 1Q 2026: Net income $(367.3K), Diluted EPS $(0.23) — 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/287114353.md"
description: "Bayview Acquisition Corp reported a net loss of $(367.3K) and diluted EPS of $(0.23) for Q1 2026, with no operating revenue as it seeks a business combination. The company has approximately $60.0M in trust for this purpose and expects higher public-company expenses post-IPO. Trust proceeds are invested in short-term U.S. government securities to cover tax obligations."
datetime: "2026-05-20T20:21:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/287114353.md)
  - [en](https://longbridge.com/en/news/287114353.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/287114353.md)
---

# Bayview Acquisition Corp 1Q 2026: Net income $(367.3K), Diluted EPS $(0.23) — 10-Q Summary

Bayview Acquisition Corp reported first-quarter 2026 results with a net loss and no operating revenue as the special-purpose acquisition company (SPAC) continues to seek an initial business combination.

**Financial Highlights**

-   Net income: $(367.3K) for Q1 2026, versus $143.9K in Q1 2025.
-   Diluted EPS: $(0.23) per non-redeemable share for Q1 2026; redeemable-share EPS reported as $0.03 (see two-class EPS note).

**Business Highlights**

-   IPO and trust funding: Completed initial public offering and private placement; approximately $60.0M held in trust to fund an initial business combination and related activities.
-   No operating revenues: The company remains a blank-check vehicle with no operating revenue until it completes a business combination.
-   Use of funds: Cash outside the trust (~$50K) is being used for target identification, due diligence, travel and transaction preparation.
-   Operating cost outlook: Management expects higher public-company expenses post-IPO, including legal, accounting, reporting and business-combination fees.
-   Investment and tax approach: Trust proceeds are invested in short-term U.S. government securities and money market funds; interest income is expected to cover tax obligations on trust earnings.

Original SEC Filing: Bayview Acquisition Corp \[ BAYA \] - 10-Q - May. 20, 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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