Thayer Ventures Acquisition Corp II
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SEC XBRL · annual| FY25 | FY24 | |
|---|---|---|
| Revenue | — | — |
| Operating income | −$1.0M | −$64,417 |
| Net income | $3.9M | −$64,417 |
| Total assets | $206.8M | $622,778 |
| Total liabilities | $8.6M | $662,195 |
| Equity | −$8.2M | $0 |
| EPS (diluted) | — | — |
| Shares out. | — | — |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- —
- Net margin
- —
- Return on equity
- −47.5%
- Return on assets
- 1.9%
- Return on capital (ROCE)
- −0.5%
- Liabilities / assets
- 4.2%
- Debt / equity
- —
- Book value / share
- —
- Revenue growth (YoY)
- —
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -1.15distress
- Accruals / assets
- 1.6%clean
- Piotroski F-Score
- 5/6mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 good- Negative shareholder equity
- Altman Z″ in the distress zone
- Conservative leverage (liabilities < 50% of assets)
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Meteora Capital, LlcPassive (13G)May 15, 2026
- Bank Of Montreal /Can/Passive (13G)Feb 12, 2026
- Verition Fund Management LlcPassive (13G)Nov 14, 2025
- Barclays PlcPassive (13G)Nov 12, 2025
- Aristeia Capital, L.L.C.Passive (13G)Aug 14, 2025
- Tenor Capital Management Co., L.P.Passive (13G)May 30, 2025
- Linden Capital L.P.Passive (13G)May 20, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 5,862 | 1.1 | -1.6% |
| Apr 30, 2026 | 5,959 | 5.3 | -1.4% |
| Apr 15, 2026 | 6,046 | 9.9 | -0.4% |
| Mar 31, 2026 | 6,068 | 1.0 | -16.4% |
| Mar 13, 2026 | 7,256 | 2.4 | -0.0% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Other material eventMay 23, 2025
- Entered a material agreement · Unregistered equity sale · Director / officer change · Amended charter or bylaws · Other material eventMay 16, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- SCHEDULE 13G/AMay 15, 2026
- 10-QMay 14, 2026
- 10-KMar 30, 2026
- SCHEDULE 13G/AFeb 12, 2026
- SCHEDULE 13GFeb 6, 2026
- 10-QNov 14, 2025
- SCHEDULE 13G/ANov 14, 2025
- SCHEDULE 13GNov 12, 2025
- SCHEDULE 13GAug 14, 2025
- SCHEDULE 13GAug 14, 2025
- 10-QAug 13, 2025
- SCHEDULE 13GAug 12, 2025
- SCHEDULE 13GJul 31, 2025
- 10-QJun 30, 2025
- SCHEDULE 13GMay 30, 2025
Event-driven situations (1)
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