Trailblazer Merger Corporation I Class A Common Stock (TBMC) - Net Assets
Based on the latest financial reports, Trailblazer Merger Corporation I Class A Common Stock (TBMC) has net assets worth $-11.93 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 ($4.31 Million) and total liabilities ($16.24 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. Check Trailblazer Merger Corporation I Class A tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-11.93 Million |
| % of Total Assets | -276.67% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 167859.21 |
Trailblazer Merger Corporation I Class A Common Stock - Net Assets Trend (2021–2025)
This chart illustrates how Trailblazer Merger Corporation I Class A Common Stock's net assets have evolved over time, based on quarterly financial data. See Trailblazer Merger Corporation I Class A (TBMC) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Trailblazer Merger Corporation I Class A Common Stock (2021–2025)
The table below shows the annual net assets of Trailblazer Merger Corporation I Class A Common Stock from 2021 to 2025. For live valuation and market cap data, see TBMC company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-11.93 Million | -158.03% |
| 2024-12-31 | $20.55 Million | -70.87% |
| 2023-12-31 | $70.55 Million | +355968.70% |
| 2022-12-31 | $19.81K | +1797.77% |
| 2021-12-31 | $-1.17K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trailblazer Merger Corporation I Class A Common Stock'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 1593996100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $4.01 Million | % |
| Other Components | $212.00 | % |
| Total Equity | $-11.93 Million | 100.00% |
Trailblazer Merger Corporation I Class A Common Stock Competitors by Market Cap
The table below lists competitors of Trailblazer Merger Corporation I Class A Common Stock ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Genolution Inc.
KQ:225220
|
$17.99 Million |
|
Olympia Industries Bhd
KLSE:3018
|
$17.99 Million |
|
PYRAMID AG NA O.N.
XETRA:M3B
|
$17.99 Million |
|
Shenzhen Wongtee International Enterprise Co Ltd
SHE:200056
|
$18.01 Million |
|
GUANGDONG KANG.CO.LTD YC1
F:E9Q
|
$17.96 Million |
|
Vincit Group Oyj
HE:VINCIT
|
$17.95 Million |
|
O.C.C. Public Company Limited
BK:OCC
|
$17.95 Million |
|
Drillcon AB
ST:DRIL
|
$17.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trailblazer Merger Corporation I Class A Common Stock's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,552,865 to -11,927,213, a change of -32,480,078 (-158.0%).
- Net loss of 8,290,147 reduced equity.
- Share repurchases of 23,950,427 reduced equity.
- Other factors decreased equity by 239,504.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-8.29 Million | -69.51% |
| Share Repurchases | $23.95 Million | -200.8% |
| Other Changes | $-239.50K | -2.01% |
| Total Change | $- | -158.03% |
Book Value vs Market Value Analysis
This analysis compares Trailblazer Merger Corporation I Class A Common Stock'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 | $0.00 | $7.33 | x |
| 2022-12-31 | $0.00 | $7.33 | x |
| 2023-12-31 | $7.82 | $7.33 | x |
| 2024-12-31 | $2.62 | $7.33 | x |
| 2025-12-31 | $-3.00 | $7.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trailblazer Merger Corporation I Class A Common Stock 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 above the historical average (-1.99%), indicating improving 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 | $-1.05K |
| 2022 | -20.29% | 0.00% | 0.00x | 15.24x | $-6.00K |
| 2023 | 1.91% | 0.00% | 0.00x | 1.05x | $-5.71 Million |
| 2024 | 8.41% | 0.00% | 0.00x | 1.35x | $-326.77K |
| 2025 | 0.00% | 0.00% | 0.00x | 0.00x | $-7.10 Million |
Industry Comparison
This section compares Trailblazer Merger Corporation I Class A Common Stock's net assets metrics with peer companies in the Shell Companies industry.
Industry Context
- Industry: Shell Companies
- Average net assets among peers: $173,103,317
- Average return on equity (ROE) among peers: 3.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trailblazer Merger Corporation I Class A Common Stock (TBMC) | $-11.93 Million | 0.00% | N/A | $17.96 Million |
| Artius II Acquisition Inc. (AACB) | $-60.27K | 0.00% | 0.00x | $232.84 Million |
| Artius II Acquisition Inc. Units (AACBU) | $-60.27K | 0.00% | 0.00x | $268.87 Million |
| Ares Acquisition Corporation II (AACT) | $502.67 Million | 0.00% | 0.05x | $587.05 Million |
| AA Mission Acquisition Corp. (AAM) | $534.70 Million | 21.49% | 3.04x | $420.70K |
| Altenergy Acquisition Corp (AEAE) | $-12.44 Million | 0.00% | 0.00x | $72.22 Million |
| Activate Energy Acquisition Corp. Class A Ordinary Share (AEAQ) | $223.53 Million | 0.00% | 0.04x | $236.21 Million |
| American Exceptionalism Acquisition Corp. A (AEXA) | $328.45 Million | 0.00% | 0.06x | $390.09 Million |
| Aimei Health Technology Co., Ltd Ordinary Share (AFJK) | $8.04 Million | 13.18% | 0.51x | $107.66 Million |
| Aifeex Nexus Acquisition Corporation (AIFE) | $86.16 Million | -0.10% | 0.01x | $91.13 Million |
| AI TRANSPORTATION ACQUISITION CORP Ordinary shares (AITR) | $60.04 Million | -0.06% | 0.02x | $86.22 Million |
About Trailblazer Merger Corporation I Class A Common Stock
Trailblazer Holdings, Inc. focuses on combating disinformation by leveraging artificial intelligence (AI) and machine learning (ML) technologies to monitor and analyse online conversations in real-time. Its platform collects publicly available data from social media and news sites and applies its proprietary algorithms to assess authenticity and sentiment, enabling to identify fake accounts, unco… Read more