Eureka Acquisition Corp Class A Ordinary Share (EURK)

FairStock Score: 17/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look at Eureka Acquisition and I do not see an operating business. I see a shell incorporated in 2023 in Hong Kong, with no significant operations and no revenue. It exists to merge with, acquire, or reorganize another company. That means there is no durable competitive moat, no pricing power, and no customer franchise to analyze. The filed figures are thin. In fiscal Q3 2026, the quarter ended 2026-06-30, net income was $79,232. In fiscal Q2 2026, the quarter ended 2026-03-31, it was $149,356. That followed a loss of $118,289 in fiscal Q1 2026, the quarter ended 2025-12-31. For FY2025, the period ended 2025-09-30, net income was $1.4M, and FY2024, the period ended 2024-09-30, showed $255,721. Those are small, uneven numbers from a blank-check vehicle, not an earning machine. Financial health is unimpressive. Free cash flow over the trailing twelve months was -$826,447, and the FairStock FCF yield is -1.5%. FairStock's Piotroski F-Score is 1/9, Altman Z-Score is -0.31, and FairStock Score is 17/100. The FairStock P/E is -19.49, so earnings-based valuation is not meaningful. At the 2026-10-13 close of $11.50, with a $54.4M market cap and a 52-week range of $10.77 to $14.28, the price reflects deal speculation more than business value. FairStock calculations show ROE of 273.15% and ROCE of -1.34%, but those ratios are distorted in a shell. With only two years of filed results, there is no Lynch category. I would need a credible target and transparent deal terms before calling this anything but speculation.

In plain English: Eureka Acquisition is a company with no real business operations that plans to merge with or buy another company. Its reported profits are small and uneven, and it is using cash, so the business looks weak. At $11.50, the price is hard to judge because there are no sales or steady earnings; it trades mostly on hopes for a deal rather than current numbers.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q3 2026 10-Q (period ended 2026-06-30) · fiscal Q2 2026 10-Q (period ended 2026-03-31) · fiscal Q1 2026 10-Q (period ended 2025-12-31) · fiscal Q3 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-09-30) · FY2024 10-K (period ended 2024-09-30)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer