Valuation for BKHA - findataslice

	Black Hawk Acquisition Corp (BKHA)
	Q3-CY2026	Q2-CY2026	Q1-CY2026	Q4-CY2025	Q3-CY2025	Q2-CY2025	Q1-CY2025	Q4-CY2024	Q3-CY2024	Q2-CY2024	Q1-CY2024	Q4-CY2023	Q3-CY2023	Q2-CY2023	Q1-CY2023	Q4-CY2022	Q3-CY2022	Q2-CY2022	Q1-CY2022	Q4-CY2021	Q3-CY2021	Q2-CY2021	Q1-CY2021	Q4-CY2020	Q3-CY2020	Q2-CY2020	Q1-CY2020	Q4-CY2019	Q3-CY2019	Q2-CY2019	Q1-CY2019	Q4-CY2018	Q3-CY2018	Q2-CY2018	Q1-CY2018	Q4-CY2017	Q3-CY2017	Q2-CY2017	Q1-CY2017	Q4-CY2016	Q3-CY2016	Q2-CY2016	Q1-CY2016	Q4-CY2015	Q3-CY2015	Q2-CY2015	Q1-CY2015	Q4-CY2014	Q3-CY2014
Balance Sheet Date		2026-May-31	2026-Feb-28	2025-Nov-30	2025-Aug-31	2025-May-31	2025-Feb-28	2024-Nov-30	2024-Aug-31	2024-May-31	2024-Feb-29
Fiscal Period		Q2-FY2026	Q1-FY2026	Q4-FY2025	Q3-FY2025	Q2-FY2025	Q1-FY2025	Q4-FY2024	Q3-FY2024	Q2-FY2024	Q1-FY2024
Close Price of Common Stock		12.14$	11.59$	11.49$		10.64$	10.41$	10.36$	10.24$	10.14$
Market Cap of Common Stock		50,424,425$	48,139,957$	47,724,600$		95,009,880$	92,956,095$	92,509,620$	91,438,080$	90,545,130$
QoQ%		4.75%	.87%			2.21%	.48%	1.17%	.99%
YoY%		(46.93%)	(48.21%)	(48.41%)		4.93%
Common Shares Outstanding	4,153,577	4,153,577	2,029,500	4,153,577	8,929,500	8,929,500	8,929,500	8,929,500	8,929,500	8,929,500
QoQ%	.00%	104.66%	(51.14%)	(53.49%)	.00%	.00%	.00%	.00%	.00%
YoY%	(53.49%)	(53.49%)	(77.27%)	(53.49%)	.00%	.00%
Price to Sales		43.43x	28.22x	21.13x		28.36x	28.60x
Price to Earnings		132.92x	59.36x	35.90x		33.76x	35.69x	48.29x	79.85x
Price to Book		-	-	-		-	-	-	-	-
Total Revenue		222,525$	213,442$	230,578$	494,519$	767,623$	765,911$	850,603$	965,492$	668,169$
QoQ%		4.26%	(7.43%)	(53.37%)	(35.58%)	.22%	(9.96%)	(11.90%)	44.50%
YoY%		(71.01%)	(72.13%)	(72.89%)	(48.78%)	14.89%
TTM		1,161,064$	1,706,162$	2,258,631$	2,878,656$	3,349,629$	3,250,175$
TTM_QoQ%		(31.95%)	(24.46%)	(21.54%)	(14.06%)	3.06%
TTM_YoY%		(65.34%)	(47.51%)
Gross Margin		100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
QoQ		.00%	.00%	.00%	.00%	.00%	.00%	.00%	.00%
YoY		.00%	.00%	.00%	.00%	.00%
Operating Income		(109,215$)	(54,189$)	(217,878$)	(341,265$)	(247,598$)	(108,769$)	(101,268$)	(84,903$)	(359,204$)	(30,701$)	(18,853$)
QoQ%		(101.55%)	75.13%	36.16%	(37.83%)	(127.64%)	(7.41%)	(19.28%)	76.36%	(1,070.01%)	(62.84%)
YoY%		55.89%	50.18%	(115.15%)	(301.95%)	31.07%	(254.29%)	(437.15%)
TTM		(722,547$)	(860,930$)	(915,510$)	(798,900$)	(542,538$)	(654,144$)	(576,076$)	(493,661$)
TTM_QoQ%		16.07%	5.96%	(14.60%)	(47.25%)	17.06%	(13.55%)	(16.70%)
TTM_YoY%		(33.18%)	(31.61%)	(58.92%)	(61.83%)
Operating Margin		(49.08%)	(25.39%)	(94.49%)	(69.01%)	(32.26%)	(14.20%)	(11.91%)	(8.79%)	(53.76%)
QoQ		(23.69%)	69.10%	(25.48%)	(36.75%)	(18.05%)	(2.30%)	(3.11%)	44.97%
YoY		(16.83%)	(11.19%)	(82.59%)	(60.22%)	21.50%
Net Income		88,929$	139,805$	(3,765$)	154,401$	520,542$	658,379$	751,701$	883,767$	310,936$	(30,701$)	(18,853$)
QoQ%		(36.39%)	3,813.28%	(102.44%)	(70.34%)	(20.94%)	(12.42%)	(14.94%)	184.23%	1,112.79%	(62.84%)
YoY%		(82.92%)	(78.77%)	(100.50%)	(82.53%)	67.41%	2,244.49%	4,087.17%
TTM		379,370$	810,983$	1,329,557$	2,085,023$	2,814,389$	2,604,783$	1,915,703$	1,145,149$
TTM_QoQ%		(53.22%)	(39.00%)	(36.23%)	(25.92%)	8.05%	35.97%	67.29%
TTM_YoY%		(86.52%)	(68.87%)	(30.60%)	82.07%
Profit Margin		39.96%	65.50%	(1.63%)	31.22%	67.81%	85.96%	88.37%	91.54%	46.54%
QoQ		(25.54%)	67.13%	(32.86%)	(36.59%)	(18.15%)	(2.41%)	(3.16%)	45.00%
YoY		(27.85%)	(20.46%)	(90.01%)	(60.31%)	21.28%
Equity to Common Shareholders		(5,103,676$)	(4,520,080$)	(3,846,443$)	(3,316,638$)	(2,526,520$)	(2,279,439$)	(2,171,907$)	(2,073,005$)	(1,991,280$)	(24,554$)	6,147$
QoQ		(583,596$)	(673,637$)	(529,805$)	(790,118$)	(247,081$)	(107,532$)	(98,902$)	(81,725$)	(1,966,726$)	(30,701$)
QoQ%		(12.91%)	(17.51%)	(15.97%)	(31.27%)	(10.84%)	(4.95%)	(4.77%)	(4.10%)	(8,009.80%)	(499.45%)
YoY		(2,577,156$)	(2,240,641$)	(1,674,536$)	(1,243,633$)	(535,240$)	(2,254,885$)	(2,178,054$)
YoY%		(102.00%)	(98.30%)	(77.10%)	(59.99%)	(26.88%)	(9,183.37%)	(35,432.80%)
Dividends Paid				0$
Additional Paid-In Capital QoQ		0$	0$								0$
Treasury Stock
QoQ
Goodwill
QoQ%
YoY%
Other Intangible Assets		5,000,001$	5,000,001$	5,000,001$	5,000,001$
QoQ		0$	0$	0$
Amortization of Intangible Assets
Total Assets		25,376,246$	24,821,943$	23,877,939$	23,341,102$	73,502,321$	72,800,437$	72,143,335$	71,371,165$	70,468,139$	226,906$	263,000$
QoQ		554,303$	944,004$	536,837$	(50,161,219$)	701,884$	657,102$	772,170$	903,026$	70,241,233$	(36,094$)
YoY		(48,126,075$)	(47,978,494$)	(48,265,396$)	(48,030,063$)	3,034,182$	72,573,531$	71,880,335$
Total Liabilities		5,166,806$	4,701,432$	3,897,233$	3,361,168$	2,666,043$	2,484,701$	2,485,978$	2,465,509$	2,446,250$	251,460$	256,853$
QoQ		465,374$	804,199$	536,065$	695,125$	181,342$	(1,277$)	20,469$	19,259$	2,194,790$	(5,393$)
YoY		2,500,763$	2,216,731$	1,411,255$	895,659$	219,793$	2,233,241$	2,229,125$
Current Ratio		.02x	.08x	.03x	.05x	.56x	2.94x	4.42x	7.77x	14.56x	.37x	.61x
Total Current Assets		63,130$	181,352$	50,790$	44,530$	139,523$	205,262$	314,071$	392,504$	454,970$	91,844$	156,000$
QoQ		(118,222$)	130,562$	6,260$	(94,993$)	(65,739$)	(108,809$)	(78,433$)	(62,466$)	363,126$	(64,156$)
Total Current Liabilities		2,751,806$	2,286,432$	1,482,233$	946,168$	251,043$	69,701$	70,978$	50,509$	31,250$	251,460$	256,853$
QoQ		465,374$	804,199$	536,065$	695,125$	181,342$	(1,277$)	20,469$	19,259$	(220,210$)	(5,393$)
Debt to Asset Ratio		.20x	.19x	.16x	.14x	.04x	.03x	.03x	.03x	.03x	1.11x	.98x
Long Term Debt
QoQ
YoY
Capital Lease Obligations
Cash and Cash Equivalents
QoQ
YoY
Interest Expenses		24,381$	19,449$	0$	0$	0$	0$	0$	0$	0$
Interest Income