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Best SPAC I Acquisition (BSAA) earnings and revenue breakdown
Latest: Q1 2026 · 10-Q filed Apr 28, 2026 · Best SPAC I Acquisition (BSAA) Q1 2026 earnings results →
Q1 2026 0¢ of every $1 of revenue kept as net profit · operating margin 0.0%
Best SPAC I Acquisition made $1.2B in Q1 2026. Operating margin 0.0%, net earnings $359K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Apr 28, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.2B in Q1 2026.
Operating costs exceeded revenue by $145K, an operating margin of 0.0%. Net earnings were $359K. The effective tax rate was 0.0%. Non-operating items added $505K, 140% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$123K. Working capital and other items used $483K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 10-Q | Apr 28, 2026 | $1.2B | — | 0.0% | $359K | −$123K |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Best SPAC I Acquisition
BEST SPAC I Acquisition Corp. (the “Company”) is a blank check company incorporated as a British Virgin Island (“BVI”) business company on December 13, 2024. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (the “Business Combination”). On June 16, 2025, the Company consummated its initial public offering (“IPO”) of 5,500,000 units (“Units”). Each Unit consists of one Class A ordinary share, no par value per share, and one right to receive of one-tenth of one Class A ordinary share upon the completion of the initial Business Combination. The Units were sold at an offering price of $10.00 per Unit, generating total gross proceeds of $55,000,000.
In its own words, from its 10-K, filed Feb 9, 2026.
Best SPAC I Acquisition against its Services-Educational Services peers
The largest companies of the same SEC industry, each at its latest quarter. Operating margin: 0.0% against the peers' median 12.0%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BSAA Best SPAC I Acquisition | Q1 2026 | $1.2B | — | 0.0% |
| GHC Graham Holdings | Q3 2026 | $1.3B | +4% | 6.4% |
| LRN Stride | Q1 FY27 | $639M | +3% | 13.2% |
| CVSA Covista | Q1 FY27 | $512M | +11% | 19.2% |
| LAUR Laureate Education | Q3 2026 | $485M | +21% | 24.6% |
| STRA Strategic Education | Q3 2026 | $325M | +2% | -26.9% |
| LOPE Grand Canyon Education | Q3 2026 | $267M | +2% | 19.3% |
| PXED Phoenix Education Partners | Q4 FY26 | $261M | +1% | 12.0% |
| UTI Universal Technical Institute | Q3 FY26 | $219M | +7% | 1.5% |
Source: Best SPAC I Acquisition 10-Q on SEC EDGAR · CIK 2051587 · Services-Educational Services
More on BSAA
History
Every quarter: Q1 2026 results