---
title: "Lionheart Holdings 10-K: Net income $8.95M (2025) and $5.84M (2024) from trust interest"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280530974.md"
description: "Lionheart Holdings reported net income of $8.95 million for 2025 and $5.84 million for 2024, primarily from interest income on its IPO trust account. The company, a Cayman Islands blank-check sponsor, aims to complete a business combination by June 20, 2026. Financial highlights include $9.83 million interest income for 2025 and $6.34 million for 2024, with modest operating costs. The company has focused on target search and public readiness, with approximately $230 million in trust for acquisitions. Management plans to finalize a business combination within the timeline or seek an extension."
datetime: "2026-03-25T21:25:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280530974.md)
  - [en](https://longbridge.com/en/news/280530974.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280530974.md)
---

# Lionheart Holdings 10-K: Net income $8.95M (2025) and $5.84M (2024) from trust interest

Lionheart Holdings reported net income of $8.95 million for 2025 and $5.84 million for 2024, driven primarily by interest income earned on its IPO trust account offset by modest operating costs; traditional revenue, gross profit and operating income line items are not presented. The company remains a Cayman Islands blank-check sponsor focused on completing an initial business combination by June 20, 2026, and used its trust proceeds to support target search and public-company readiness. Management notes that interest on the trust was the principal source of reported earnings while operating activity to date has been pre-combination in nature.

**Financial Highlights**

-   **Net Income (2025)**: $8.95 million, consisting primarily of $9.83 million interest income on the Trust Account minus $0.87 million operating costs.
-   **Net Income (2024)**: $5.84 million, consisting primarily of $6.34 million interest income on the Trust Account minus $0.50 million operating costs.
-   **Revenue / Sales / Gross Profit / Operating Income / Net Income Per Share**: Not reported as separate line items in Part II Item 7/Item 8; filings disclose only interest income and operating costs.

**Business Highlights**

-   **Business focus**: Lionheart Holdings is a Cayman Islands blank-check special purpose acquisition company formed to complete an initial business combination within 24 months (by June 20, 2026).
-   **Capital deployment**: Approximately $230 million was placed in a trust from the IPO and related private placement to fund a target acquisition and provide post-combination working capital.
-   **Operational activity**: Pre-combination activity has centered on target search, due diligence and preparing for public-company readiness; the company has not generated operating revenues from an acquired business.
-   **Management and support**: Management is targeting established, scalable businesses with experienced operating teams; sponsor and affiliates provide administrative and support services.
-   **Liquidity and outlook**: The company generated interest income on its trust account; management plans to consummate a business combination within the prescribed timeline or seek shareholder approval for an extension.

Original SEC Filing: Lionheart Holdings \[ CUB \] - 10-K - Mar. 25, 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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