Forensic Analysis · General / Diversified · as of Oct 9, 2026

Quetta Acquisition Corp (QETA)

A forensic read on Quetta Acquisition Corp built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

F · Poor — capital at risk

Forensic grade

Distress

Financial health

-3.3

Distress distance

Clean

Earnings quality

Forensic signals

The financial-health reading above compares this company's equity at BOOK value, not at what the market currently pays for it — this free snapshot doesn't pull live market data. Treat it as a rough read, not the final word.

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Quetta Acquisition Corp earns an F (Poor — capital at risk) forensic quality grade, and its balance-sheet distress test reads -3.3, placing it in the Distress zone (based on book value, not market value, since this free snapshot doesn't pull live market data — treat this zone as a rough read, not the final word). 3 forensic signals were flagged in its latest SEC filings, led by cash conversion.

What the filings flag

-1.84×

FY2024–FY2025

Cash conversion. Over FY2024–FY2025, cumulative operating cash flow was -1.84× cumulative net income. Reported profit is not turning into cash. The shortfall is profit tied up in working capital rather than collected — the accrual and receivables lines below show where.

-5.7%

FY2025

Return on invested capital. Return on invested capital is -5.7% in the latest fiscal year, against -0.9% in FY2024. After-tax operating profit was ($640,322) in FY2024 and ($954,025) in FY2025, with operating income at -29.3% of revenue in FY2025. The capital base behind it cannot be compared across FY2024–FY2025: cash is tagged in one of those two fiscal years and not the other, and an untagged line enters this calculation as zero, so any change in the base would be a change in what the filer tagged.

+49.3%/yr

FY2024–FY2025

Share-count dilution. Diluted share count changed +49% over the last 1 year to FY2025 (+49.3%/yr). The count is growing — 0.0M shares in FY2024, 0.0M in FY2025: more stock was issued than repurchased over this window, so aggregate results grew faster than their per-share equivalents. That's ~49.3% shaved off per-share growth every year — total profit has to grow that much just to keep earnings-per-share flat, and a stake held since FY2024 has been diluted ~33%.

Key fundamentals

Latest Revenue$5.0M

Net Margin-15.6%

Free Cash Flow-$1.8M

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Quetta Acquisition Corp's actual 10-K/10-Q/8-K filings?

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Data from SEC EDGAR public filings · metrics as of Oct 9, 2026. Forensic signals flag probability, not certainty.