Rice Acquisition Corporation 3 Class A Ordinary Shares (KRSP)

Key Financials

AI Analysis

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

As a Graham-style investor, I start with the fact that this is not an operating business. Rice Acquisition Corporation 3 is a shell seeking an energy combination. In fiscal Q2 2026, the quarter ended 2026-06-30, it reported net income of $2.7M; in fiscal Q1 2026, the quarter ended 2026-03-31, net income was $2.6M. Revenue is not available in either filing, and fiscal Q3 2025, the quarter ended 2025-09-30, showed a net loss of $64,218. Those figures tell me almost nothing about earning power, because there is no operating revenue to analyze. The FairStock calculations show P/E, P/B, ROE, ROCE, and debt-to-equity as N/A, while the Piotroski F-Score is 1/9 and the Altman Z-Score is 17.27. The Altman number may look strong, but for a shell it is not a normal measure of business quality. At the $10.46 close on 2026-10-16, the market cap was $472.4M and the 52-week range was $10.21 to $11.89. There is no visible moat, no revenue growth or profit growth data, and no dividend. The Lynch category is none because there are zero years of filed annual results and three are needed. Valuation is therefore a judgment on a future merger, not on an existing business. I need a target, terms, and a durable competitive position before I can call this cheap or expensive.

In plain English: Rice Acquisition Corporation 3 is a shell company with no significant operations; it is looking for an energy business to merge with. Its recent filings show small profits in two 2026 quarters but no revenue, so there is no normal operating business to judge yet. At $10.46, the price is near the low end of its 52-week range, but with no earnings or book value measures available, it is hard to call it cheap or expensive using ordinary business standards.

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Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

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

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