SilverBox Corp IV Class A Ordinary Shares (SBXD)

FairStock Score: 4/100 — RISKY

Key Financials

AI Analysis

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

I approach SilverBox Corp IV as a Graham-style blank check, not an operating business. The company explicitly states it has no significant operations; it exists to merge with a target. Therefore there is no competitive moat to analyze. Filed figures show revenue n/a in all available periods. FY2025 ended 2025-12-31 had net income of $5.7M; fiscal Q3 2025 ended 2025-09-30 had net income of $637,702; fiscal Q2 2025 ended 2025-06-30 had net income of $1.5M; fiscal Q1 2026 ended 2026-03-31 had net income of $1.4M; and fiscal Q2 2026 ended 2026-06-30 had net income of $1.7M. Those positive figures appear before any operating business, and trailing free cash flow is -$784,262, a -0.3% FCF yield. At the 2026-10-02 close of $10.76, FairStock calculates a P/E of 51.24, PEG of 3.89, Graham Number of $6.15, and a margin of safety of -74.96%. The Piotroski F-Score is 1/9, and the Altman Z-Score is 11.93; the latter looks strong but says little about the quality of a future deal. Only one year of filed results means the Lynch category is none. Growth depends on management finding and closing a merger on fair terms. Until then, I see a speculative pre-deal vehicle with negative free cash flow and a price well above my conservative value estimate. I would want a clear target, sound deal economics, and a much wider margin of safety before calling this a durable business.

In plain English: This company is a blank-check shell: it has no real operations yet and plans to merge with another business. Its filed numbers show no revenue, a very short record, and cash going out, so the business itself looks weak. At the 2026-10-02 close of $10.76, the price looks expensive compared with what its numbers suggest it is worth.

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Data as of 2026-10-02 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 Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · 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