Iron Horse Acquisitions II Corp. Common Stock (IRHO)

FairStock Score: 35/100 — MIXED

Key Financials

AI Analysis

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

Iron Horse Acquisitions II is not an operating business; it is a shell hunting for a merger. That means no revenue in any filed period, no competitive moat to assess, and no long record of compounding. The only earnings are from filings: net income of $1.4 million in fiscal Q1 2026 (quarter ended 2026-02-28), $1.3 million in fiscal Q2 2026 (quarter ended 2026-05-31), and $1.9 million in fiscal Q3 2026 (quarter ended 2026-08-31). Those compare with a net loss of $71,471 in fiscal Q3 2025 (quarter ended 2025-08-31) and a FY2025 net loss of $204,391 (diluted EPS -$0.04) for the period ended 2025-11-30. The swing is notable, but it is not evidence of an operating franchise. At $10.07 on 2026-10-13, near the 52-week range of $9.85-$10.14, the market cap is $295.3 million. FairStock's P/E is 62.94, its Graham Number is $5.23, and the resulting margin of safety is -92.54%. FairStock's Piotroski F-Score is 1/9, trailing free cash flow is -$1.2 million, and its FCF yield is -0.4%; those are weak. FairStock's Altman Z-Score of 15.43 may point to balance-sheet safety, but SPACs often hold trust cash. The FairStock score is 35/100. FairStock's PEG ratio of 0.01 is distorted by tiny figures and should not be treated as meaningful growth. The Lynch category is none because only one year of filed results exists. Without a target, business quality, moat, and growth trajectory are unknowable. I would want a wide discount to trust value or a compelling merger, not pay a premium for hope.

In plain English: Iron Horse Acquisitions II is a shell company with no real operations yet; it plans to merge with a business in media, entertainment, or related areas. The company reported no revenue in its filed results, and its recent quarterly net income has been positive but small and uneven compared with earlier losses. At $10.07, the price sits near the top of its 52-week range and looks expensive relative to its reported numbers, with a weak fair-value score.

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 2026-08-31) · fiscal Q2 2026 10-Q (period ended 2026-05-31) · fiscal Q1 2026 10-Q (period ended 2026-02-28) · fiscal Q3 2025 10-Q (period ended 2025-08-31) · FY2025 10-K (period ended 2025-11-30)

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