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Discontinued — last reported Q1 '26

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Other financials

Income statement

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Net income-$5.2M-37.4%
EPS (diluted)-$0.53+26.4%

Balance sheet

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Cash & equivalents$1.2M-22.2%
Total debt$103.8K-98.4%
Total equity-$7.9M+38.7%
Total assets$9.4M-17.6%

Cash flow

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Operating cash flow-$2.1M+28.2%
CapEx$1.2K+2.5%
Free cash flow-$2.1M+0.2%

Valuation

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Market cap$294.98M+1.3%
Enterprise value$293.85M

Returns & leverage

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Return on equity166.2%
Debt / equity-0×
Current ratio0.1×

Where this comes from

Reported directly by General Purpose Acquisition Corp. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: General Purpose Acquisition Corp. ’s 10-Q, filed May 14, 2026.

Filed
May 14, 2026, 5:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001493152-26-023175
RevenueMarch 31, 2026 / Three months ended / -March 31, 2025 / Three months ended / -
General and administrative expenses3,984,9015,748,648
Operating Loss(3,984,901)(5,748,648)
Other income/ (expense)
Interest income-7,279
Interest expense(365,606(107,841
Finance charge(227,187)(198,422)
Change in fair value of sponsor earnout shares-528,000
Change in fair value of warrant liability(667,571)1,699,177

Document

FAQ

What is General Purpose Acquisition Corp. 's operating income?
General Purpose Acquisition Corp. (GPAC) reported operating income of -$3.98M in Q1 2026.
How has General Purpose Acquisition Corp. 's operating income changed year-over-year?
General Purpose Acquisition Corp. 's operating income increased by 30.7% year-over-year, from -$5.75M to -$3.98M.
What is the long-term trend for General Purpose Acquisition Corp. 's operating income?
Over 3 years (2021 to 2025), General Purpose Acquisition Corp. 's operating income has grown at a 64.7% compound annual growth rate (CAGR), from -$3.6M to -$16.08M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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