Spark I Acquisition Corp. Class A Ordinary Share (SPKL) - Net Assets
Based on the latest financial reports, Spark I Acquisition Corp. Class A Ordinary Share (SPKL) has net assets worth $18.01 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($25.36 Million) and total liabilities ($7.35 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Spark I Acquisition Corp. Class A Ordina total liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $18.01 Million |
| % of Total Assets | 71.02% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 42.8 |
Spark I Acquisition Corp. Class A Ordinary Share - Net Assets Trend (2021–2025)
This chart illustrates how Spark I Acquisition Corp. Class A Ordinary Share's net assets have evolved over time, based on quarterly financial data. Also explore how large is Spark I Acquisition Corp. Class A Ordina's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Spark I Acquisition Corp. Class A Ordinary Share (2021–2025)
The table below shows the annual net assets of Spark I Acquisition Corp. Class A Ordinary Share from 2021 to 2025. For live valuation and market cap data, see market value of Spark I Acquisition Corp. Class A Ordina.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $18.01 Million | -82.44% |
| 2024-12-31 | $102.56 Million | +3.17% |
| 2023-12-31 | $99.41 Million | +5741.20% |
| 2022-12-31 | $-1.76 Million | -310.33% |
| 2021-12-31 | $-429.45K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spark I Acquisition Corp. Class A Ordinary Share's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 670037800.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $25.17 Million | % |
| Total Equity | $-7.15 Million | 100.00% |
Spark I Acquisition Corp. Class A Ordinary Share Competitors by Market Cap
The table below lists competitors of Spark I Acquisition Corp. Class A Ordinary Share ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NIP Group Inc. American Depositary Shares
NASDAQ:NIPG
|
$71.05 Million |
|
Africa Energy Corp
V:AFE
|
$71.06 Million |
|
Chungdamglobal Co. Ltd.
KQ:362320
|
$71.08 Million |
|
WeConnect
PA:ALWEC
|
$71.11 Million |
|
AudioEye Inc
NASDAQ:AEYE
|
$71.03 Million |
|
Drb Industrial
KO:163560
|
$71.03 Million |
|
Teads B.V.
NASDAQ:TEAD
|
$71.02 Million |
|
Fold Holdings, Inc. Class A Common Stock
NASDAQ:FLD
|
$71.01 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spark I Acquisition Corp. Class A Ordinary Share's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 102,557,268 to -7,154,185, a change of -109,711,453 (-107.0%).
- Net income of 293,600 contributed positively to equity growth.
- Share repurchases of 84,840,616 reduced equity.
- Other factors decreased equity by 25,164,437.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $293.60K | +4.1% |
| Share Repurchases | $84.84 Million | -1185.89% |
| Other Changes | $-25.16 Million | -351.74% |
| Total Change | $- | -106.98% |
Book Value vs Market Value Analysis
This analysis compares Spark I Acquisition Corp. Class A Ordinary Share's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | $-0.03 | $11.39 | x |
| 2022-12-31 | $-0.11 | $11.39 | x |
| 2023-12-31 | $6.05 | $11.39 | x |
| 2024-12-31 | $10.26 | $11.39 | x |
| 2025-12-31 | $-1.14 | $11.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spark I Acquisition Corp. Class A Ordinary Share utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (0.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | 0.00% | 0.00x | 0.00x | $-411.50K |
| 2022 | 0.00% | 0.00% | 0.00x | 0.00x | $-1.16 Million |
| 2023 | -0.74% | 0.00% | 0.00x | 1.04x | $-10.67 Million |
| 2024 | 3.07% | 0.00% | 0.00x | 1.05x | $-7.11 Million |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | $1.01 Million |
Industry Comparison
This section compares Spark I Acquisition Corp. Class A Ordinary Share's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $224,857,490
- Average return on equity (ROE) among peers: 3.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spark I Acquisition Corp. Class A Ordinary Share (SPKL) | $18.01 Million | 0.00% | 0.41x | $71.04 Million |
| Artius II Acquisition Inc. Class A Ordinary Shares (AACB) | $-60.27K | 0.00% | 0.00x | $230.18 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $265.09 Million |
| Ares Acquisition Corporation II (AACT) | $11.15K | -0.14% | 45.93x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $1.54 Billion | 21.89% | 4.12x | $409.92K |
| Altenergy Acquisition Corp (AEAE) | $214.04 Million | 5.44% | 0.10x | $72.25 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $235.74 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $69.76 Million | 0.25% | 0.01x | $163.82 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $-4.24K | 0.00% | 0.00x | $86.22 Million |
| Alchemy Investments Acquisition Corp 1 Class A Ordinary Shares (ALCY) | $115.20 Million | 2.86% | 0.05x | $49.57 Million |
About Spark I Acquisition Corp. Class A Ordinary Share
Spark I Acquisition Corporation does not have significant operations. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in Palo Alto, California.