---
title: "Lionheart | 10-Q: FY2026 Q1 Revenue: USD 0"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286468351.md"
datetime: "2026-05-14T21:02:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286468351.md)
  - [en](https://longbridge.com/en/news/286468351.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286468351.md)
---

# Lionheart | 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 0.06.

EBIT: As of FY2026 Q1, the actual value is USD -2.414 M.

Lionheart Holdings operates as a blank check company with one reportable segment and has not generated any operating revenues to date, focusing solely on organizational activities and identifying prospective acquisition candidates for a Business Combination.

#### Operational Metrics

-   **Net Income**: For the three months ended March 31, 2026, net income was $1,934,340, decreasing from $2,198,698 for the three months ended March 31, 2025.
-   **Operating and Formation Costs**: These costs were $239,801 for the three months ended March 31, 2026, compared to $248,561 for the same period in 2025.
-   **Interest Income**: The company generated $2,174,141 in interest income on cash and marketable securities held in the Trust Account for the three months ended March 31, 2026, a decrease from $2,447,259 for the three months ended March 31, 2025.
-   **Administrative Services Costs**: Lionheart Holdings incurred $45,000 for administrative services for both the three months ended March 31, 2026, and March 31, 2025.

#### Cash Flow

-   **Net Cash Used in Operating Activities**: For the three months ended March 31, 2026, net cash used in operating activities was - $112,865, improving from - $193,339 for the three months ended March 31, 2025.

#### Unique Metrics

-   **Cash and Marketable Securities held in Trust Account**: As of March 31, 2026, this amounted to $248,336,123, up from $246,161,982 as of December 31, 2025. These funds include interest income of $18,336,123 and $16,161,982 for the respective periods.
-   **Cash Held Outside Trust Account**: The company had $117,675 in cash outside the Trust Account as of March 31, 2026, a decrease from $230,540 as of December 31, 2025.
-   **Initial Public Offering (IPO) Fees**: Total fees incurred in the IPO were $14,462,875, including a $4,000,000 cash underwriting fee, a $9,800,000 Deferred Fee, and $662,875 in other offering costs.

#### Future Outlook and Strategy

Lionheart Holdings’ core business focus is to consummate an initial Business Combination by June 20, 2026, utilizing substantially all funds in the Trust Account for this purpose. Management has identified a substantial doubt about the company’s ability to continue as a going concern due to liquidity needs and the Business Combination deadline, stating that failure to complete a Business Combination by the deadline will result in cessation of operations and liquidation. The company plans to complete a Business Combination before June 20, 2026, though there is no assurance of success in raising capital or completing the combination.

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