Renatus Tactical Acquisition Corp I Class A Ordinary Shares (RTAC)

FairStock Score: 22/100 — RISKY

Key Financials

AI Analysis

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

As a Buffett-and-Graham-style investor, I start with what the business does. Renatus Tactical Acquisition Corp I has no significant operations; it is a 2024-vintage shell based in Coral Gables that intends to merge with one or more businesses. That means there is no operating history to judge, no competitive moat, and no customer franchise. The filed figures show net income of $2.2M in fiscal Q3 2025 (quarter ended 2025-09-30), $2.1M in fiscal Q4 2025 (quarter ended 2025-12-31), $1.8M in fiscal Q1 2026 (quarter ended 2026-03-31), and $1.7M in fiscal Q2 2026 (quarter ended 2026-06-30). FY2025 net income was $5.1M. Revenue is not reported. Those profits are not from selling goods or services; they are the accounting result of a blank-check structure. FairStock calculates a P/E of 40.19 at the 2026-10-13 close of $10.45, a Graham Number of $6.71, and a margin of safety of -55.74%, which tells me the price is not supported by Graham-style asset or earnings value. Trailing free cash flow is -$1.1M, a -0.3% FCF yield. The Piotroski F-Score is 1/9, weak, while the Altman Z-Score is 18.08, suggesting balance-sheet distress is not the near-term issue. The Lynch category is none because only one year of filed results exists, not the three needed. Growth is not measurable without an operating business. Until a merger is announced and vetted, this is a speculative vehicle, not a compounding business. I would watch deal terms, dilution, and the next filings.

In plain English: Renatus Tactical Acquisition Corp I is a shell company with no real business yet; it plans to merge with another company. Its filed results show small profits but no revenue, and the stock trades near the bottom of its 52-week range. Based on the numbers given, the price looks expensive relative to the company's earnings and asset value.

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Data as of 2026-10-13 close · note generated 2026-10-15 · 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 Q4 2025 10-K (period ended 2025-12-31) · fiscal Q3 2025 10-K (period ended 2025-09-30) · FY2025 10-K (period ended 2025-12-31)

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