Net Income
Net Income
General Purpose Acquisition Corp. Net Income decreased by 17.4% to -$5.23M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 37.4%, from -$3.81M to -$5.23M. Over 2 years (FY 2021 to FY 2024), Net Income shows a downward trend with a 124.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionNet Income
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ1 2026May 14, 2026
How to read this metric
An increase indicates growing profitability or improved cost management, while a decrease signals declining performance or rising costs.
Detailed definition
This represents the total profit or loss of the entity after all revenues, expenses, gains, and losses have been account...
Peer comparison
The primary metric for comparing bottom-line performance across all public companies.
Metric ID:
net_incomeHistorical Data
17 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.18M | $1.18M | $1.18M | $6.68M | $3.39M | -$245.51K | -$1.74M | -$843.80K | -$3.79M | -$1.40M | -$2.69M | -$10.09M | -$9.57M | -$3.81M | -$3.70M | -$4.46M | -$5.23M |
| QoQ Change | — | +0.0% | +0.0% | +468.2% | -49.2% | -107.2% | -608.4% | +51.5% | -349.6% | +63.1% | -92.6% | -274.6% | +5.2% | +60.2% | +2.8% | -20.4% | -17.4% |
| YoY Change | — | — | — | — | +188.5% | -103.7% | -151.2% | — | — | -469.9% | -54.9% | <-999% | -152.2% | -172.3% | -37.5% | +55.8% | -37.4% |
Range-$10.09M – $6.68M
CAGR+45.2%
Avg YoY Growth-184.6%
Median YoY Growth-103.7%
Current Streak2 quarters decline
Net Income at Other Companies
Frequently Asked Questions
- What is General Purpose Acquisition Corp. 's net income?
- General Purpose Acquisition Corp. (GPAC) reported net income of -$5.23M in Q1 2026.
- How has General Purpose Acquisition Corp. 's net income changed year-over-year?
- General Purpose Acquisition Corp. 's net income decreased by 37.4% year-over-year, from -$3.81M to -$5.23M.
- What is the long-term trend for General Purpose Acquisition Corp. 's net income?
- Over 2 years (2021 to 2024), General Purpose Acquisition Corp. 's net income has grown at a 124.7% compound annual growth rate (CAGR), from $4.71M to -$23.75M.
- What does net income mean?
- The final profit or loss of the company after all costs and taxes are subtracted from total revenue.