Innovative International Acquisition Corp.

IOACNASDAQFinancial Services

$9.60

$-1.62(-14.44%)

Market Cap$100743360

P/E Ratio—

52W High$14.75

52W Low$7.42

Avg Volume13K

Open$11.00

Beta0.00

Free Cash Flow Financials Revenue

Innovative International Acquisition Corp. (IOAC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

IOAC · free cash flow · updated Jun 8, 2026

Core FCF metrics

IOAC · FCF · TTM · margin & CAGR

Free cash flow was −$9.09B for FY2025 (fiscal year ending 2025-03-31) The FCF margin was -99.8%.

FY2025 Free Cash Flow−$9.09B▼ -618474.1% YoY

Trailing 12M (TTM)$214.5MTrailing 4Q sum · TTM positive vs latest FY negative

FCF Margin-99.8%−$9.09B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

IOAC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest−$9.08B(12M)−$9.09B▼ 618474.1%-99.8%

FY2022−$1,469(0M)−$1.5M▼ 229462.2%—

FY2021−$640(0M)−$640——

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

IOAC · P/FCF · FCF yield · FCF per share

Innovative International Acquisition Corp. (IOAC) trades at a FCF yield of 212.96% and a price-to-free-cash-flow ratio of 22.3x. FCF per share stands at $0.43, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

212.96%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.43

TTM FCF ÷ Shares Outstanding

Price / FCF

x22.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x24.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-03-31

Cash flow statement summary

IOAC · cash flow statement · operating / investing / financing

For FY2025, Innovative International Acquisition Corp. generated −$9.08B in operating cash flow and spent 12M in capital expenditures, yielding −$9.09B in free cash flow.

Operating Activities

−$9.08B

Cash from core business operations

2025-03-31

Investing Activities

+$492.1M

CapEx, acquisitions & investments

2025-03-31

Financing Activities

+$8.27B

Buybacks, dividends & debt

2025-03-31

FCF FormulaOperating CF (−$9.08B) − |CapEx| (12M) = FCF (−$9.09B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

IOAC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Innovative International Acquisition Corp.YOU

IOAC

−$9.09B-618474.1%-99.8%

Loss

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Innovative International Acquisition Corp. (IOAC) reported free cash flow of −$9.09B for FY2025 (fiscal year ending 2025-03-31). The FCF margin was -99.8%.

Innovative International Acquisition Corp. has reported negative free cash flow in recent periods, indicating capital expenditures have exceeded operating cash flow. Data available for 3 fiscal years.

Innovative International Acquisition Corp.'s FCF yield is 212.96% and price-to-FCF ratio is 22.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

IOAC free cash flow · 8 questions

Innovative International Acquisition Corp. free cash flow was −$9.09B for FY2025. On a trailing twelve-month (TTM) basis, free cash flow stands at $214.5M.

IOAC free cash flowIOAC FCFIOAC FCF 2025IOAC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Innovative International Acquisition Corp. · Innovative International Acquisition Corp. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026