Bowlero Corp.(NYSE:BOWL) 
Bowlero Corp. operates bowling entertainment centers under the AMF, Bowlmor Lanes, and Bowlero brand names. The company also provides hosting and overseeing professional and non-professional bowling tournaments and related broadcasting. As of July 3, 2022, it operated approximately 317 centers in th...
Website: https://www.bowlerocorp.com
Founded: 1997
Full Time Employees: 2,965
Sector: Consumer Cyclical
Industry: Leisure
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At a glance:
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Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-03-27 | 2021-12-26 | 2021-09-30 | 2021-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | 283,868,000 | 337,670,000 | 305,671,000 | 227,405,000 | 239,420,000 | 315,725,000 | 273,385,000 | 230,260,000 | 267,717,000 | 257,820,000 | 205,190,000 | |||||||||
bowling | 164,590,000 | 142,867,000 | 125,270,000 | 128,969,000 | 159,756,000 | 138,967,000 | 122,203,000 | |||||||||||||
food & beverage | 118,697,000 | 112,397,000 | 96,129,000 | 104,821,000 | 120,452,000 | 110,902,000 | 88,039,000 | |||||||||||||
amusement & other | 58,944,000 | 51,597,000 | 70,879,000 | 67,392,000 | 59,674,000 | 50,205,000 | 49,953,000 | |||||||||||||
total revenues | 342,231,000 | 306,861,000 | 292,278,000 | 301,182,000 | 339,882,000 | 300,074,000 | 260,195,000 | |||||||||||||
yoy | 0.69% | 2.26% | 12.33% | |||||||||||||||||
qoq | 11.53% | 4.99% | -2.96% | -11.39% | 13.27% | 15.33% | ||||||||||||||
costs and expenses | ||||||||||||||||||||
location operating costs, excluding depreciation and amortization | 99,724,000 | 99,667,000 | 97,826,000 | 114,083,000 | 92,568,000 | 82,694,000 | 86,228,000 | |||||||||||||
location payroll and benefit costs | 80,795,000 | 77,882,000 | 75,244,000 | 70,202,000 | 75,617,000 | 70,876,000 | 67,436,000 | |||||||||||||
location food and beverage costs | 26,826,000 | 23,955,000 | 21,935,000 | 23,171,000 | 27,627,000 | 23,225,000 | 20,530,000 | |||||||||||||
selling, general and administrative expenses, excluding depreciation and amortization | 35,566,000 | 39,072,000 | 35,345,000 | 32,736,000 | 41,242,000 | 34,384,000 | 34,811,000 | |||||||||||||
depreciation and amortization | 32,145,000 | 30,422,000 | 33,195,000 | 40,426,000 | 40,325,000 | 39,118,000 | 36,983,000 | |||||||||||||
loss on impairment and disposal of fixed assets | 1,507,000 | 2,338,000 | 1,375,000 | 6,210,000 | 648,000 | 2,575,000 | 1,472,000 | |||||||||||||
other operating expense | 41,000 | 198,000 | -829,000 | -330,000 | 329,000 | 782,000 | 265,000 | 3,542,000 | 1,364,000 | 1,701,000 | 649,000 | 614,000 | 1,362,000 | 411,000 | 2,333,000 | 3,520,000 | ||||
total costs and expenses | 276,604,000 | 273,534,000 | 264,032,000 | 285,999,000 | 277,697,000 | 253,201,000 | 247,249,000 | |||||||||||||
operating income | 65,627,000 | 33,327,000 | 28,246,000 | 15,183,000 | 62,185,000 | 46,873,000 | 12,946,000 | -32,684,000 | ||||||||||||
yoy | 5.54% | -28.90% | 118.18% | |||||||||||||||||
qoq | 96.92% | 17.99% | 86.04% | -75.58% | 32.67% | 262.07% | ||||||||||||||
operating margin % | 19.18% | 10.86% | 9.66% | 5.04% | 18.30% | 15.62% | 4.98% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | -Infinity% | NaN% | NaN% |
other expenses | ||||||||||||||||||||
interest expense | 50,740,000 | 50,116,000 | 53,397,000 | 49,492,000 | 49,414,000 | 48,795,000 | 48,670,000 | 47,036,000 | 46,890,000 | 46,236,000 | 37,449,000 | 30,785,000 | 29,117,000 | 27,379,000 | 23,570,000 | 25,359,000 | 22,293,000 | 23,880,000 | ||
change in fair value of earnout liability | -7,740,000 | -19,919,000 | -3,527,000 | -13,995,000 | -18,886,000 | -19,682,000 | -48,921,000 | 10,915,000 | -8,868,000 | 64,091,000 | -40,682,000 | -73,406,000 | 87,222,000 | 30,776,000 | 40,760,000 | |||||
other expense | 3,000 | 4,931,000 | 17,000 | 800,000 | 10,000 | 3,000 | 10,000 | 53,000 | 1,436,000 | 5,986,000 | 48,000 | -12,000 | 161,000 | |||||||
total other expense | 43,003,000 | 30,197,000 | 54,801,000 | 35,497,000 | 30,545,000 | 29,913,000 | 57,961,000 | 38,025,000 | 110,337,000 | -3,180,000 | -41,185,000 | 122,325,000 | 57,477,000 | 64,378,000 | 34,003,000 | 88,910,000 | 1,408,000 | -7,471,618 | ||
income before income tax expense | 22,624,000 | 3,130,000 | -20,314,000 | 31,640,000 | 16,960,000 | -4,834,250 | 32,987,000 | -60,860,000 | 8,536,000 | 2,959,000 | -33,105,000 | |||||||||
income tax expense | 5,773,000 | 15,786,000 | 54,402,000 | 18,348,000 | -11,347,000 | 516,750 | 9,141,000 | 2,609,000 | -9,683,000 | 321,250 | -668,000 | 1,524,000 | 429,000 | -1,522,250 | -207,000 | 362,000 | ||||
net income | 16,851,000 | -12,656,000 | -13,798,000 | -74,716,000 | 13,292,000 | 28,307,000 | 23,095,000 | -62,177,000 | 23,846,000 | -63,469,000 | 18,219,000 | 146,220,000 | -32,073,000 | 1,435,000 | -33,534,000 | 6,943,000 | -17,987,000 | -34,454,000 | -8,257,112 | 2,803,140 |
yoy | 26.78% | -144.71% | -159.74% | 20.17% | -44.26% | -144.60% | 26.76% | -142.52% | -174.35% | -4522.93% | -154.33% | 2006.01% | 78.31% | -104.16% | 306.12% | 147.69% | ||||
qoq | -233.15% | -8.28% | -81.53% | -662.11% | -53.04% | 22.57% | -137.14% | -360.74% | -137.57% | -448.37% | -87.54% | -555.90% | -2335.05% | -104.28% | -582.99% | -138.60% | -47.79% | 317.26% | -394.57% | |
net income margin % | 4.92% | -4.12% | -4.72% | -24.81% | 3.91% | 9.43% | 8.88% | -Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% |
series a preferred stock dividends | -2,473,000 | -2,416,000 | -2,356,000 | -2,281,000 | -2,313,000 | -2,240,000 | -2,214,000 | -2,396,000 | -2,353,000 | -1,963,000 | -1,962,000 | -13,827,000 | -4,401,000 | -2,802,000 | -2,801,000 | -2,943,000 | -2,818,000 | -2,221,000 | ||
earnings allocated to series a preferred stock | -1,018,000 | -915,500 | -712,000 | -1,640,000 | -1,293,000 | -1,430,000 | -1,049,000 | |||||||||||||
net income attributable to common stockholders | 13,360,000 | -15,072,000 | -16,154,000 | -73,335,000 | 10,267,000 | 24,427,000 | 19,588,000 | -64,573,000 | 20,063,000 | 15,208,000 | -36,335,000 | |||||||||
net income per share | 0.03 | -0.13 | -0.25 | |||||||||||||||||
basic | 0.1 | -0.11 | -0.12 | -0.51 | 0.07 | 0.17 | 0.13 | -0.43 | 0.14 | 0.09 | -0.22 | |||||||||
diluted | 0.1 | -0.11 | -0.12 | -0.49 | 0.07 | 0.16 | 0.13 | -0.43 | 0.13 | 0.09 | -0.22 | |||||||||
weighted-average shares used for eps calculation | 155,837,154 | 162,590,921 | 148,754,908 | |||||||||||||||||
basic | 135,683,635 | 137,343,082 | 138,546,333 | 142,401,407 | 141,185,986 | 143,939,878 | 145,766,779 | 151,339,634 | 148,102,841 | 160,929,391 | 165,508,879 | 162,854,597 | ||||||||
diluted | 139,063,980 | 137,343,082 | 138,546,333 | 142,401,407 | 147,606,436 | 152,957,223 | 154,957,384 | 151,339,634 | 157,874,876 | 168,903,508 | 175,821,396 | 162,854,597 | ||||||||
other operating income | -888,000 | -211,000 | ||||||||||||||||||
income before income tax benefit | -26,555,000 | 13,197,000 | ||||||||||||||||||
income tax benefit | -12,757,000 | -9,898,000 | ||||||||||||||||||
total other income | -251,000 | 3,183,666 | ||||||||||||||||||
costs of revenues | 216,530,000 | 225,894,000 | 215,090,000 | 182,921,000 | 182,172,000 | 189,304,000 | 179,706,000 | 165,202,000 | 185,229,000 | 156,491,000 | 141,383,000 | |||||||||
gross profit | 67,338,000 | 111,776,000 | 90,581,000 | 44,484,000 | 57,248,000 | 126,421,000 | 93,679,000 | 65,058,000 | 82,488,000 | 101,329,000 | 63,807,000 | |||||||||
yoy | 17.63% | -11.58% | -3.31% | -31.62% | -30.60% | 24.76% | 46.82% | |||||||||||||
qoq | -39.76% | 23.40% | 103.63% | -22.30% | -54.72% | 34.95% | 43.99% | -21.13% | -18.59% | 58.81% | ||||||||||
gross margin % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% |
operating expenses: | ||||||||||||||||||||
selling, general and administrative expenses | 40,438,000 | 39,488,000 | 37,512,000 | 37,765,000 | 35,082,000 | 35,891,000 | 34,452,000 | 32,494,000 | 35,689,000 | 30,315,000 | 93,283,000 | |||||||||
asset impairment | 59,802,000 | 354,000 | 29,000 | 26,000 | 1,028,000 | 489,000 | 84,000 | |||||||||||||
loss on sale of assets | 571,000 | 657,000 | 21,000 | |||||||||||||||||
total operating expense | 101,593,000 | 40,764,000 | 41,104,000 | 39,128,000 | 37,741,000 | 36,837,000 | 33,243,000 | 33,785,000 | 36,143,000 | 30,613,000 | 96,491,000 | |||||||||
operating profit | -34,255,000 | 71,012,000 | 49,477,000 | 5,356,000 | 19,507,000 | 89,584,000 | 60,436,000 | 31,273,000 | 46,345,000 | 70,716,000 | ||||||||||
other expenses: | ||||||||||||||||||||
net loss attributable to common stockholders | -65,432,000 | -18,544,000 | -36,474,000 | -1,367,000 | 4,000,000 | -20,805,000 | -36,675,000 | |||||||||||||
net income per share | 0.03 | -0.13 | -0.25 | |||||||||||||||||
basic & diluted | -0.44 | -0.113 | -0.22 | -0.01 | ||||||||||||||||
weighted-average shares used for eps calculation | 155,837,154 | 162,590,921 | 148,754,908 | |||||||||||||||||
gain on sale or disposal of assets | -27,000 | -155,000 | -124,000 | |||||||||||||||||
gain on sale of assets | -70,000 | -192,000 | -1,823,000 | |||||||||||||||||
change in fair value of warrant liability | 6,092,000 | 20,678,000 | 70,000 | |||||||||||||||||
loss before income tax expense | -15,721,750 | -32,741,000 | -10,741,500 | -18,194,000 | -34,092,000 | |||||||||||||||
other income | -678,000 | |||||||||||||||||||
loss on sale or disposal of assets | -438,750 | -1,601,000 | ||||||||||||||||||
income from joint venture | -71,250 | -127,000 | -79,000 | |||||||||||||||||
management fee income | -141,000 | -307,000 | -109,000 | |||||||||||||||||
business interruption insurance recoveries | ||||||||||||||||||||
change in fair value of earnout shares | 5,809,000 | 45,778,000 | -22,542,000 | |||||||||||||||||
general and administrative expenses | 785,494 | |||||||||||||||||||
income from operations | -785,494 | -380,526 | ||||||||||||||||||
other income: | ||||||||||||||||||||
trust interest income | 3,848 | 3,541 | ||||||||||||||||||
warrant issuance costs | ||||||||||||||||||||
unrealized loss on change in fair value of fpa | -2,208,594 | -1,709,377 | ||||||||||||||||||
unrealized loss on change in fair value of warrants | -5,266,872 | |||||||||||||||||||
basic and diluted weighted-average shares outstanding, ordinary share subject to redemption | 25,483,700 | 22,470,433 | ||||||||||||||||||
basic and diluted net loss per ordinary share | -0.26 | |||||||||||||||||||
basic and diluted weighted-average shares outstanding, ordinary share | 6,370,925 | 9,384,192 | ||||||||||||||||||
formation and operating costs | 380,526 | |||||||||||||||||||
unrealized gain on change in fair value of warrants | 4,889,502 | |||||||||||||||||||
basic and diluted net income per share | ||||||||||||||||||||
balance as of december 31, 2020 | ||||||||||||||||||||
sale of 22,500,000 units through initial public offering | 22,500,000 | |||||||||||||||||||
sale of 2,983,700 units through over-allotment | 2,983,700 | |||||||||||||||||||
sale of 5,397,828 private placement warrants to sponsor in private placement | ||||||||||||||||||||
underwriting fee | ||||||||||||||||||||
deferred underwriting fee | ||||||||||||||||||||
offering costs charged to the shareholders’ equity | ||||||||||||||||||||
initial classification of warrant liability | ||||||||||||||||||||
reclassification of offering costs related to warrants | ||||||||||||||||||||
initial classification of fpa liability | ||||||||||||||||||||
forfeiture of founder shares | ||||||||||||||||||||
change in class a ordinary shares subject to possible redemption | -22,470,433 | |||||||||||||||||||
balance as of march 31, 2021 | 3,013,267 | |||||||||||||||||||
balance as of june 30, 2021 | 2,732,953 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-03-27 | 2021-12-26 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
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assets | |||||||||||||||||||||
current assets: | |||||||||||||||||||||
cash and cash equivalents | 58,654,000 | 95,912,000 | 31,032,000 | 59,686,000 | 79,088,000 | 80,755,000 | 38,448,000 | 66,972,000 | 212,429,000 | 189,955,000 | 40,088,000 | 195,633,000 | 150,670,000 | 79,446,000 | 110,361,000 | 132,236,000 | 172,977,000 | 115,659,000 | |||
accounts and notes receivable | 7,330,000 | 6,377,000 | 6,607,000 | 7,998,000 | 6,096,000 | 6,102,000 | 5,666,000 | 6,757,000 | 5,668,000 | 6,875,000 | 4,087,000 | 3,092,000 | 6,157,000 | 8,807,000 | 5,431,000 | 5,227,000 | 4,409,000 | 4,458,000 | |||
inventories | 15,094,000 | 15,776,000 | 16,125,000 | 15,500,000 | 15,683,000 | 15,927,000 | 13,650,000 | 13,171,000 | 14,955,000 | 14,166,000 | 13,183,000 | 11,470,000 | 11,848,000 | 11,407,000 | 11,147,000 | 10,310,000 | 10,056,000 | 10,397,000 | |||
prepaid expenses and other current assets | 38,283,000 | 39,840,000 | 37,089,000 | 29,366,000 | 27,519,000 | 35,220,000 | 30,365,000 | 25,316,000 | 26,723,000 | 24,304,000 | 19,393,000 | 18,395,000 | 19,649,000 | 14,206,000 | 14,488,000 | 12,732,000 | 11,668,000 | 12,088,000 | |||
assets held-for-sale | 756,000 | 756,000 | 756,000 | 20,000 | 20,000 | 1,746,000 | 2,069,000 | 2,069,000 | 2,069,000 | 2,069,000 | 2,069,000 | 2,552,000 | 8,719,000 | 8,789,000 | 14,506,000 | 14,281,000 | |||||
total current assets | 120,117,000 | 158,661,000 | 91,609,000 | 112,550,000 | 128,386,000 | 138,024,000 | 88,149,000 | 113,962,000 | 261,844,000 | 237,369,000 | 78,820,000 | 230,659,000 | 200,767,000 | 138,906,000 | 153,081,000 | 169,294,000 | 213,616,000 | 156,883,000 | 1,421,326 | 1,999,761 | 2,445,493 |
property and equipment | 1,253,383,000 | 1,229,452,000 | 1,226,853,000 | 944,917,000 | 933,532,000 | 935,854,000 | 892,782,000 | 887,738,000 | 811,648,000 | 806,096,000 | 773,057,000 | 697,850,000 | 663,937,000 | 652,847,000 | 577,260,000 | 534,721,000 | 512,343,000 | 514,991,000 | |||
operating lease right of use assets | 553,294,000 | 553,653,000 | 572,320,000 | 588,594,000 | 583,094,000 | 591,264,000 | 554,474,000 | 559,168,000 | 561,655,000 | 546,188,000 | 550,113,000 | 449,085,000 | |||||||||
finance lease right of use assets | 302,322,000 | 305,165,000 | 298,489,000 | 507,701,000 | 512,106,000 | 516,144,000 | 520,218,000 | 524,392,000 | 531,985,000 | 536,274,000 | 540,186,000 | 515,339,000 | |||||||||
intangible assets | 53,003,000 | 50,539,000 | 47,849,000 | 45,562,000 | 44,653,000 | 46,331,000 | 45,111,000 | 47,051,000 | 97,995,000 | 98,784,000 | 100,087,000 | 90,986,000 | 91,982,000 | 92,795,000 | 92,119,000 | 92,593,000 | 93,192,000 | 96,517,000 | |||
goodwill | 886,568,000 | 863,391,000 | 863,000,000 | 844,351,000 | 841,550,000 | 841,269,000 | 833,961,000 | 833,888,000 | 832,311,000 | 826,619,000 | 825,522,000 | 753,538,000 | 750,230,000 | 748,594,000 | 743,655,000 | 742,669,000 | 738,787,000 | 739,011,000 | |||
deferred income tax asset | 49,490,000 | 60,060,000 | 75,566,000 | 67,919,000 | 117,660,000 | 135,718,000 | 122,847,000 | 112,106,000 | 75,540,000 | 84,767,000 | 86,237,000 | 73,807,000 | |||||||||
other assets | 48,036,000 | 46,960,000 | 50,150,000 | 48,145,000 | 34,736,000 | 35,381,000 | 34,884,000 | 35,730,000 | 34,391,000 | 33,527,000 | 12,582,000 | 12,096,000 | 38,409,000 | 38,643,000 | 39,342,000 | 41,022,000 | 41,491,000 | 42,450,000 | |||
total assets | 3,266,213,000 | 3,267,881,000 | 3,225,836,000 | 3,159,739,000 | 3,195,717,000 | 3,239,985,000 | 3,092,426,000 | 3,114,035,000 | 3,231,534,000 | 3,192,162,000 | 2,987,396,000 | 2,841,274,000 | 2,014,138,000 | 1,941,269,000 | 1,879,468,000 | 1,854,425,000 | 1,871,562,000 | 1,841,210,000 | 256,345,825 | 256,967,672 | 257,283,493 |
liabilities, temporary equity and stockholders’ deficit | |||||||||||||||||||||
current liabilities: | |||||||||||||||||||||
accounts payable and accrued expenses | 183,623,000 | 166,797,000 | 144,099,000 | 145,188,000 | 154,740,000 | 141,363,000 | 146,022,000 | 135,784,000 | 153,810,000 | 142,670,000 | 141,164,000 | 121,226,000 | |||||||||
current maturities of long-term debt | 9,573,000 | 6,604,000 | 3,645,000 | 10,162,000 | 10,227,000 | 10,278,000 | 9,106,000 | 9,163,000 | 9,203,000 | 9,248,000 | 9,595,000 | 9,338,000 | 5,569,000 | 5,821,000 | 5,834,000 | 4,966,000 | 4,944,000 | 4,983,000 | |||
current obligations of operating lease liabilities | 35,391,000 | 33,911,000 | 34,605,000 | 33,103,000 | 32,228,000 | 31,637,000 | 28,811,000 | 28,460,000 | 31,163,000 | 31,718,000 | 26,194,000 | 23,866,000 | |||||||||
earnout liability | 5,009,000 | 12,748,000 | 32,657,000 | 36,183,000 | 50,172,000 | 69,058,000 | 88,741,000 | 137,636,000 | 126,659,000 | 135,479,000 | 71,364,000 | 112,041,000 | 185,361,000 | 282,557,000 | 251,779,000 | 210,952,000 | 204,416,000 | 158,572,000 | |||
other current liabilities | 6,414,000 | 8,514,000 | 12,398,000 | 5,932,000 | 4,605,000 | 7,680,000 | 8,381,000 | 9,399,000 | 9,568,000 | 11,497,000 | 16,650,000 | 14,281,000 | 10,946,000 | 11,995,000 | 13,906,000 | 13,123,000 | 6,876,000 | 8,185,000 | |||
total current liabilities | 240,010,000 | 228,574,000 | 194,747,000 | 194,385,000 | 201,800,000 | 190,958,000 | 192,320,000 | 182,806,000 | 203,744,000 | 195,133,000 | 193,603,000 | 168,711,000 | 146,890,000 | 139,018,000 | 121,737,000 | 119,160,000 | 121,200,000 | 120,832,000 | 221,963 | 62,164 | 1,000 |
long-term debt | 1,739,134,000 | 1,761,509,000 | 1,678,896,000 | 1,300,708,000 | 1,273,231,000 | 1,275,757,000 | 1,130,141,000 | 1,129,523,000 | 1,131,803,000 | 1,134,076,000 | 1,276,371,000 | 1,138,687,000 | 897,404,000 | 876,856,000 | 878,243,000 | 865,090,000 | 868,370,000 | 869,606,000 | |||
long-term obligations of operating lease liabilities | 570,152,000 | 569,246,000 | 587,702,000 | 606,692,000 | 596,851,000 | 603,986,000 | 567,209,000 | 561,916,000 | 559,171,000 | 539,580,000 | 541,937,000 | 431,295,000 | |||||||||
long-term obligations of finance lease liabilities | 427,992,000 | 427,521,000 | 414,769,000 | 683,161,000 | 682,169,000 | 680,622,000 | 681,222,000 | 682,153,000 | 680,309,000 | ||||||||||||
long-term financing obligations | 455,590,000 | 453,489,000 | 451,381,000 | 449,215,000 | 447,099,000 | 445,027,000 | 442,980,000 | 440,875,000 | 438,819,000 | 436,790,000 | |||||||||||
other long-term liabilities | 56,838,000 | 55,905,000 | 56,600,000 | 56,307,000 | 26,800,000 | 26,310,000 | 26,093,000 | 26,471,000 | 27,088,000 | 27,239,000 | 35,220,000 | 34,380,000 | 80,004,000 | 79,354,000 | 58,344,000 | 54,418,000 | 56,991,000 | 80,857,000 | |||
deferred income tax liabilities | 4,843,000 | 4,659,000 | 4,551,000 | 4,434,000 | 3,999,000 | 4,007,000 | 4,129,000 | 4,447,000 | 4,321,000 | 4,200,000 | 4,079,000 | 4,160,000 | 15,771,000 | 15,213,000 | 14,906,000 | 14,882,000 | 14,346,000 | 14,234,000 | |||
total liabilities | 3,494,559,000 | 3,500,903,000 | 3,421,303,000 | 3,331,085,000 | 3,282,121,000 | 3,295,725,000 | 3,132,835,000 | 3,163,887,000 | 3,173,758,000 | 3,152,806,000 | 2,801,294,000 | 2,541,724,000 | 1,719,320,000 | 1,787,834,000 | 1,723,232,000 | 1,662,105,000 | 1,697,983,000 | 1,653,585,000 | 32,599,598 | 24,460,197 | 27,973,096 |
commitments and contingencies | |||||||||||||||||||||
liabilities, temporary equity and stockholders’ (deficit) equity | |||||||||||||||||||||
long-term obligations of financing lease liabilities | 680,213,000 | 678,720,000 | 652,450,000 | ||||||||||||||||||
internal use software | 24,165,000 | 22,538,000 | 20,792,000 | 17,914,000 | 16,434,000 | 14,901,000 | 12,393,000 | 11,423,000 | 10,251,000 | 9,866,000 | |||||||||||
liabilities, temporary equity and stockholders’ equity | |||||||||||||||||||||
temporary equity | |||||||||||||||||||||
series a preferred stock | 144,329,000 | 206,376,000 | 211,667,000 | 206,002,000 | 206,002,000 | 200,000,000 | |||||||||||||||
property and equipment under capital leases | 252,379,000 | 254,583,000 | 261,618,000 | 262,703,000 | 260,632,000 | 280,324,000 | |||||||||||||||
long-term obligations under capital leases | 393,890,000 | 394,836,000 | 398,223,000 | 397,603,000 | 394,708,000 | 386,989,000 | |||||||||||||||
restricted cash | 10,374,000 | 10,363,000 | |||||||||||||||||||
accounts payable | 46,601,000 | 44,590,000 | 40,265,000 | 38,217,000 | 29,267,000 | 37,974,000 | |||||||||||||||
accrued expenses | 83,774,000 | 76,612,000 | 61,732,000 | 62,854,000 | 80,113,000 | 69,690,000 | |||||||||||||||
marketable securities | 12,125,000 | 2,935,000 | |||||||||||||||||||
series a preferred stock - old bowlero | |||||||||||||||||||||
redeemable class a common stock - old bowlero | |||||||||||||||||||||
investment in joint venture | 1,250,000 | 1,168,000 | |||||||||||||||||||
warrant liability | 37,952,000 | 22,495,000 | 19,233,202 | 13,966,330 | 18,855,832 | ||||||||||||||||
stockholders’ deficit: | |||||||||||||||||||||
class a common stock | 11,000 | ||||||||||||||||||||
class b common stock | 6,000 | ||||||||||||||||||||
additional paid-in capital | 294,828,000 | 3,117,843 | 6,422,799 | ||||||||||||||||||
accumulated deficit | -301,807,000 | -31,098,799 | -1,423,734 | ||||||||||||||||||
accumulated other comprehensive loss | -5,413,000 | ||||||||||||||||||||
total stockholders’ deficit | -12,375,000 | ||||||||||||||||||||
total liabilities, temporary equity and stockholders’ deficit | 1,841,210,000 | ||||||||||||||||||||
cash | 1,215,849 | 1,803,856 | |||||||||||||||||||
prepaid expenses | 205,477 | 195,905 | 374,908 | ||||||||||||||||||
deferred offering costs | |||||||||||||||||||||
marketable securities held in trust account | 254,845,389 | 254,841,541 | 254,838,000 | ||||||||||||||||||
prepaid expenses, non-current | 79,110 | 126,370 | |||||||||||||||||||
liabilities and shareholders’ (deficit) equity | |||||||||||||||||||||
accrued offering costs and expenses | 220,963 | 61,164 | |||||||||||||||||||
due to related party | 1,000 | 1,000 | 1,000 | ||||||||||||||||||
promissory note - related party | |||||||||||||||||||||
forward purchase agreement liability | 4,225,138 | 1,512,408 | |||||||||||||||||||
deferred underwriting fees | 8,919,295 | ||||||||||||||||||||
class a ordinary shares subject to possible redemption, 25,483,700 shares and 0 shares at redemption value, at september 30, 2021 and december 31, 2020, respectively | 254,844,389 | ||||||||||||||||||||
shareholders’ (deficit) equity: | |||||||||||||||||||||
preference shares, 0.0001 par value... | |||||||||||||||||||||
class a ordinary shares, 0.0001 par value... | 273 | 305 | |||||||||||||||||||
class b ordinary shares, 0.0001 par value... | 637 | 637 | 637 | ||||||||||||||||||
total shareholders’ (deficit) equity | -31,098,162 | ||||||||||||||||||||
total liabilities and shareholders’ (deficit) equity | 256,345,825 | ||||||||||||||||||||
current assets | |||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||
promissory note – related party | |||||||||||||||||||||
deferred underwriting discount | 8,919,295 | 8,919,295 | |||||||||||||||||||
class a ordinary shares subject to possible redemption, 22,750,747 shares and 0 shares at redemption value, at june 30, 2021 and december 31, 2020, respectively | 227,507,470 | ||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||
retained earnings | 1,881,252 | ||||||||||||||||||||
total shareholders’ equity | 5,000,005 | 5,000,007 | |||||||||||||||||||
total liabilities and shareholders’ equity | 256,967,672 | 257,283,493 | |||||||||||||||||||
current asset - cash | 2,070,585 | ||||||||||||||||||||
fpa liability | 196,969 | ||||||||||||||||||||
commitments | |||||||||||||||||||||
class a ordinary shares subject to possible redemption, 22,431,039 shares and 0 shares at redemption value, respectively | 224,310,390 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-29 | 2025-12-28 | 2025-09-28 | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-10-01 | 2023-07-02 | 2023-04-02 | 2023-01-01 | 2022-10-02 | 2022-07-03 | 2022-03-27 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | |||||||||||||||||||
net income | 16,851,000 | -12,656,000 | -13,798,000 | -74,716,000 | 13,292,000 | 28,307,000 | 23,095,000 | 18,219,000 | -33,534,000 | 3,304,986 | -1,418,734 | ||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||
depreciation and amortization | 32,145,000 | 30,422,000 | 33,195,000 | 40,426,000 | 40,325,000 | 39,118,000 | 36,983,000 | 40,614,000 | 36,327,000 | 37,071,000 | 31,352,000 | 24,391,000 | 29,444,000 | 29,303,000 | 26,267,000 | 28,470,000 | 29,986,000 | ||
loss on impairment and disposal of fixed assets | 1,507,000 | 2,338,000 | 1,375,000 | 6,210,000 | 648,000 | 2,575,000 | 1,472,000 | ||||||||||||
income from equity method investment | -89,000 | -74,000 | -57,000 | -75,000 | -90,000 | -76,000 | -60,000 | -96,000 | -358,000 | ||||||||||
amortization of deferred financing costs | 1,097,000 | 1,068,000 | 4,453,000 | 1,070,000 | 1,072,000 | 834,000 | 938,000 | 807,000 | 988,000 | 869,000 | 846,000 | 653,000 | 729,000 | 900,000 | 956,000 | 733,000 | 936,000 | ||
non-cash interest expense on finance lease obligation | 2,818,000 | 2,827,000 | 3,034,000 | 2,468,000 | 2,467,000 | 2,366,000 | 3,333,000 | 2,961,000 | 3,069,000 | 2,774,000 | 935,000 | ||||||||
reduction of operating lease right of use assets | 9,667,000 | 9,511,000 | 9,669,000 | 9,776,000 | 9,243,000 | 9,380,000 | 8,513,000 | 9,186,000 | |||||||||||
non-cash portion of gain on lease modification | 0 | 300,000 | -1,741,000 | -759,000 | 0 | 0 | 0 | -499,000 | |||||||||||
deferred income taxes | 5,445,000 | 15,541,000 | -16,786,000 | 49,776,000 | 18,108,000 | -11,539,000 | -10,474,000 | -36,167,000 | 8,927,000 | 2,598,000 | -9,697,000 | -86,875,000 | 219,000 | -292,000 | 0 | ||||
share-based compensation | 2,993,000 | 2,833,000 | 3,486,000 | 3,677,000 | 8,788,000 | 4,664,000 | 4,503,000 | 4,032,000 | 4,143,000 | 3,689,000 | 1,911,000 | 3,851,000 | 4,207,000 | 4,036,000 | 3,648,000 | ||||
distributions from equity method investments | 71,000 | 45,000 | 55,000 | 93,000 | 74,000 | 65,000 | 62,000 | 110,000 | 93,000 | ||||||||||
change in fair value of earnout liability | -7,740,000 | -19,919,000 | -3,527,000 | -13,995,000 | -18,886,000 | -19,682,000 | -48,921,000 | 10,915,000 | -8,868,000 | 64,091,000 | -40,682,000 | -73,406,000 | 87,222,000 | 30,776,000 | 40,760,000 | 2,564,000 | 45,778,000 | ||
changes in assets and liabilities, net of business acquisitions: | |||||||||||||||||||
accounts receivable and notes receivable | -1,003,000 | 14,000 | 2,000,000 | 8,000 | 98,000 | 1,099,000 | -1,074,000 | 1,204,000 | -2,789,000 | -995,000 | 373,000 | 2,084,000 | -2,813,000 | -205,000 | -1,951,000 | 49,000 | |||
inventories | 937,000 | 351,000 | 195,000 | 242,000 | 5,000 | -1,531,000 | -483,000 | 1,941,000 | -369,000 | -930,000 | -1,178,000 | 403,000 | -434,000 | -152,000 | -824,000 | -217,000 | 342,000 | ||
prepaids, other current assets and other assets | -1,107,000 | 2,110,000 | -6,103,000 | 4,413,000 | 2,101,000 | -9,329,000 | -1,936,000 | -2,233,000 | -1,913,000 | -5,299,000 | 227,000 | -915,000 | -578,000 | -319,000 | |||||
accounts payable and accrued expenses | 17,201,000 | 29,006,000 | -14,385,000 | -9,672,000 | 14,236,000 | -3,817,000 | 13,418,000 | -18,644,000 | 5,064,000 | 10,987,000 | 16,613,000 | -16,730,000 | 7,715,000 | 16,332,000 | -3,947,000 | -11,186,000 | 851,000 | ||
operating lease liabilities | -6,867,000 | -7,931,000 | -9,417,000 | -4,371,000 | -10,560,000 | 6,017,000 | |||||||||||||
other current liabilities | -727,000 | -7,089,000 | 2,539,000 | 1,273,000 | -3,118,000 | -3,662,000 | -182,000 | 991,000 | 186,000 | -149,000 | -163,000 | -2,419,000 | -1,293,000 | 1,252,000 | -1,125,000 | 2,412,000 | 1,660,000 | ||
other long-term liabilities | 998,000 | -633,000 | -595,000 | 29,577,000 | 550,000 | 93,000 | -571,000 | -627,000 | 14,181,000 | -6,193,000 | -6,488,000 | -22,083,000 | 1,232,000 | 362,000 | 956,000 | -1,595,000 | -454,000 | ||
net cash from operating activities | 74,197,000 | 48,064,000 | -6,408,000 | 22,454,000 | 86,620,000 | 38,734,000 | 29,413,000 | 6,732,000 | 76,899,000 | 55,116,000 | 16,083,000 | 8,985,000 | 92,923,000 | 80,306,000 | 35,573,000 | 34,809,000 | 83,576,000 | -266,728 | -323,469 |
capital expenditures | -31,298,000 | -32,901,000 | -25,898,000 | -23,564,000 | -25,497,000 | -50,426,000 | -41,579,000 | -47,256,000 | -33,476,000 | -62,913,000 | -50,674,000 | -37,287,000 | -33,933,000 | -33,402,000 | -44,709,000 | 0 | -24,025,000 | 0 | 0 |
free cash flows | 42,899,000 | 15,163,000 | -32,306,000 | -1,110,000 | 61,123,000 | -11,692,000 | -12,166,000 | -40,524,000 | 43,423,000 | -7,797,000 | -34,591,000 | -28,302,000 | 58,990,000 | 46,904,000 | -9,136,000 | 34,809,000 | 59,551,000 | -266,728 | -323,469 |
investing activities | |||||||||||||||||||
purchases of property and equipment | -31,298,000 | -32,901,000 | -25,898,000 | -23,564,000 | -25,497,000 | -50,426,000 | -41,579,000 | -47,256,000 | -33,476,000 | -62,913,000 | -50,674,000 | -37,287,000 | -33,933,000 | -33,402,000 | -44,709,000 | ||||
purchases of previously leased assets | 0 | -1,593,000 | -245,202,000 | ||||||||||||||||
purchases of intangible assets | -163,000 | 0 | 0 | -147,000 | -112,000 | -184,000 | 0 | -5,000 | -17,000 | 175,000 | -15,000 | ||||||||
proceeds from sale of property and equipment | 0 | 0 | 0 | 1,655,000 | 413,000 | 0 | 10,945,000 | 6,144,000 | |||||||||||
acquisitions, net of cash acquired | -44,080,000 | 0 | -44,047,000 | -30,335,000 | -7,701,000 | -52,440,000 | -5,818,000 | -7,030,000 | -125,855,000 | -28,211,000 | -3,871,000 | -63,664,000 | -15,918,000 | -25,898,000 | 0 | ||||
net cash from investing activities | -75,541,000 | -38,994,000 | -315,147,000 | -53,899,000 | -33,198,000 | -93,290,000 | -39,924,000 | -99,696,000 | -39,294,000 | -70,090,000 | -176,576,000 | -65,269,000 | -24,944,000 | -100,513,000 | -62,492,000 | -41,601,000 | -17,896,000 | 0 | -254,838,000 |
financing activities | |||||||||||||||||||
repurchase of class a common stock into treasury stock | -7,525,000 | -19,066,000 | -5,312,000 | -6,991,000 | -19,727,000 | -37,774,000 | -7,646,000 | -34,897,000 | -743,000 | -88,529,000 | -130,140,000 | ||||||||
proceeds from share issuance | 0 | 0 | 0 | 0 | 0 | ||||||||||||||
settlement of equity awards | 0 | ||||||||||||||||||
payments for tax withholdings on share-based compensation | -418,000 | -245,000 | -151,000 | -4,701,000 | -1,290,000 | -164,000 | -544,000 | -841,000 | -84,000 | ||||||||||
payment of cash dividends | -8,818,000 | -8,876,000 | -8,195,000 | -8,176,000 | -8,351,000 | -8,472,000 | -8,552,000 | -12,261,000 | |||||||||||
payment of long-term debt | -276,000 | -269,000 | -1,279,382,000 | -3,519,000 | -3,511,000 | -3,131,000 | -249,000 | -3,123,000 | -3,115,000 | -3,416,000 | -3,109,000 | -232,000 | -230,000 | -2,273,000 | -2,126,000 | -4,105,000 | -2,053,000 | ||
proceeds from term loan | 0 | 0 | 1,200,000,000 | ||||||||||||||||
proceeds from senior secured notes | 0 | 0 | 500,000,000 | ||||||||||||||||
proceeds from bridge term loan | 0 | 0 | 230,000,000 | ||||||||||||||||
payment of bridge term loan | 0 | 0 | -230,000,000 | ||||||||||||||||
payment on finance leases | -197,000 | -57,000 | -1,249,000 | 621,000 | 881,000 | -1,736,000 | -1,381,000 | -1,577,000 | -1,568,000 | -1,601,000 | -1,576,000 | ||||||||
proceeds on finance leases | 0 | 0 | 0 | 83,000 | 334,000 | ||||||||||||||
proceeds from revolver draws | 0 | 85,000,000 | 125,000,000 | 30,000,000 | 0 | 0 | 0 | 35,000,000 | 140,000,000 | ||||||||||
payoff of revolver draws | -20,000,000 | ||||||||||||||||||
other financing | 0 | 0 | 3,428,000 | ||||||||||||||||
payment of deferred financing costs | 0 | -2,313,000 | -24,817,000 | 0 | 0 | -775,000 | -148,000 | -268,000 | 0 | -5,382,000 | 0 | ||||||||
net cash from financing activities | -36,018,000 | 55,655,000 | 292,671,000 | 11,935,000 | -55,174,000 | 96,905,000 | -17,806,000 | -52,130,000 | -15,451,000 | 164,647,000 | 5,091,000 | 90,993,000 | 2,838,000 | -41,000 | 5,167,000 | -33,888,000 | -8,461,000 | -1 | 257,232,054 |
effect of exchange rates on cash | 104,000 | 155,000 | 230,000 | 108,000 | 85,000 | -42,000 | -207,000 | -363,000 | 320,000 | 194,000 | -143,000 | -120,000 | 418,000 | -304,000 | -123,000 | -61,000 | 99,000 | ||
net increase in cash and cash equivalents | -37,258,000 | -19,402,000 | -1,667,000 | -145,457,000 | |||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 59,686,000 | 0 | 0 | 0 | 66,972,000 | 0 | 0 | 0 | 195,633,000 | 132,236,000 | 0 | ||||||
cash and cash equivalents at end of period | -37,258,000 | 64,880,000 | 31,032,000 | -19,402,000 | -1,667,000 | 42,307,000 | 38,448,000 | -145,457,000 | 22,474,000 | 149,867,000 | 40,088,000 | 110,361,000 | 57,318,000 | ||||||
payoff from revolver draws | -155,000,000 | 0 | |||||||||||||||||
net decrease in cash and cash equivalents | -28,654,000 | -28,524,000 | |||||||||||||||||
change in fair value of marketable securities | 0 | -97,000 | -666,000 | -89,000 | |||||||||||||||
accounts and notes receivable | |||||||||||||||||||
prepaid expenses, other current assets and other assets | |||||||||||||||||||
operating lease liability | |||||||||||||||||||
proceeds from sale of intangibles | 0 | 0 | 0 | 65,000 | 0 | 74,000 | |||||||||||||
purchase of marketable securities | 0 | 0 | -33,261,000 | -11,594,000 | |||||||||||||||
proceeds from sale of marketable securities | 0 | 12,786,000 | 23,175,000 | 9,746,000 | |||||||||||||||
settlement of series a preferred stock | 0 | -74,001,000 | |||||||||||||||||
payments for tax withholdings on share-based awards | -62,000 | -4,259,000 | -992,000 | -499,000 | |||||||||||||||
settlement of contingent consideration | 0 | 0 | |||||||||||||||||
proceeds from first lien credit facility term loan | |||||||||||||||||||
payoff of previous first lien credit facility term loan | |||||||||||||||||||
proceeds from equipment loans | 0 | ||||||||||||||||||
payoff of revolver | 0 | 0 | -100,000,000 | ||||||||||||||||
proceeds from sale-leaseback financing | 0 | 0 | 0 | 0 | |||||||||||||||
proceeds from incremental term loan | 0 | ||||||||||||||||||
asset impairment | 59,802,000 | 354,000 | 29,000 | 26,000 | 1,028,000 | 489,000 | 0 | 84,000 | |||||||||||
loss on sale of assets | 571,000 | ||||||||||||||||||
loss on refinance of debt | 0 | 0 | |||||||||||||||||
loss on repurchase of warrants | |||||||||||||||||||
non-cash interest expense on capital lease obligation | -510,000 | 850,000 | 4,510,000 | 584,000 | 1,171,000 | ||||||||||||||
amortization of deferred rent incentive | -248,000 | 363,000 | -567,000 | 0 | -356,000 | ||||||||||||||
amortization of deferred sale lease-back gain | -253,000 | -257,000 | -257,000 | -245,000 | -257,000 | ||||||||||||||
change in fair value of warrant liability | 6,092,000 | 20,678,000 | |||||||||||||||||
repurchase of warrants | 7,000 | ||||||||||||||||||
repurchase of series a preferred stock - old bowlero | 0 | 0 | |||||||||||||||||
proceeds from issuance of series a preferred stock | 0 | 0 | |||||||||||||||||
proceeds from issuance of class a common stock to isos investors | 0 | 0 | |||||||||||||||||
transaction costs related to merger recapitalization | 0 | 0 | |||||||||||||||||
proceeds from pipe investment | 0 | 0 | |||||||||||||||||
proceeds from forward investment | 0 | 0 | |||||||||||||||||
payment to existing shareholders of old bowlero | 0 | 0 | |||||||||||||||||
consideration paid to existing option holders of old bowlero | 0 | 0 | |||||||||||||||||
payment of incremental liquidity facility | 0 | 0 | |||||||||||||||||
construction allowance receipts | 1,150,000 | 0 | |||||||||||||||||
net loss | 23,846,000 | -32,073,000 | 6,943,000 | -17,987,000 | |||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||
proceeds from long-term debt | 68,000 | 15,350,000 | |||||||||||||||||
gain on sale of assets | -70,000 | -192,000 | |||||||||||||||||
non-cash operating lease expense | 8,764,000 | 7,822,000 | |||||||||||||||||
payment of dividends on series a preferred stock | |||||||||||||||||||
gain on sale or disposal of assets | -27,000 | -155,000 | -2,354,000 | -1,601,000 | |||||||||||||||
income from joint venture | -71,000 | -80,000 | -129,000 | -101,000 | -99,000 | -103,000 | -127,000 | ||||||||||||
distributions from joint venture | 72,000 | 122,000 | 110,000 | 104,000 | 109,000 | 136,000 | 45,000 | ||||||||||||
net decrease in cash and equivalents | -155,545,000 | -21,875,000 | |||||||||||||||||
repurchase of treasury stock | -73,968,000 | -5,681,000 | -8,797,000 | -7,558,000 | -30,437,000 | ||||||||||||||
dividends on series a preferred stock | |||||||||||||||||||
proceeds from amendment no. 8 term loan and incremental loan | |||||||||||||||||||
payoff of first lien credit facility term loan | 0 | ||||||||||||||||||
payment of first lien credit facility revolver | 0 | 0 | |||||||||||||||||
proceeds of incremental liquidity facility | |||||||||||||||||||
proceeds from amendment no. 8 term loan | |||||||||||||||||||
proceeds from revolver | |||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | |||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | ||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 71,235,000 | ||||||||||||||||||
proceeds from new revolver | 0 | 0 | |||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | |||||||||||||||||||
loss on settlement of warrants | |||||||||||||||||||
stock based compensation | 3,860,000 | 3,020,000 | |||||||||||||||||
proceeds from incremental liquidity facility | |||||||||||||||||||
payments of deferred financing costs | |||||||||||||||||||
net increase in cash and equivalents | -40,741,000 | 57,318,000 | |||||||||||||||||
cash and cash equivalents at beginning of year | |||||||||||||||||||
cash and cash equivalents at end of year | |||||||||||||||||||
purchases of property, equipment, and internal use software | -24,025,000 | ||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||
trust interest income | |||||||||||||||||||
unrealized loss on change in fair value of fpa | 1,207,531 | 250,923 | |||||||||||||||||
unrealized gain on change in fair value of warrants | |||||||||||||||||||
warrant issuance costs | 0 | 638,847 | |||||||||||||||||
changes in current assets and current liabilities: | |||||||||||||||||||
prepaid assets | |||||||||||||||||||
accrued offering cost and expenses | |||||||||||||||||||
due to related party | 0 | 1,000 | |||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||
investment held in trust account | 0 | -254,838,000 | |||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||
proceeds from initial public offering, net of underwriters’ fees | -1 | 249,740,259 | |||||||||||||||||
proceeds from private placement | 0 | 8,096,742 | |||||||||||||||||
repayment of promissory note to related party | |||||||||||||||||||
payments of offering costs | 0 | -479,680 | |||||||||||||||||
net change in cash | -266,729 | 2,070,585 | |||||||||||||||||
cash, beginning of the period | |||||||||||||||||||
cash, end of the period | -266,729 | 2,070,585 | |||||||||||||||||
supplemental disclosure of noncash investing and financing activities: | |||||||||||||||||||
deferred underwriting commissions charged to additional paid in capital | 0 | 8,919,295 | |||||||||||||||||
initial value of class a ordinary shares subject to possible redemption | 26,582,270 | 198,122,060 | |||||||||||||||||
change in value of class a ordinary shares subject to possible redemption | -23,385,190 | 26,188,330 | |||||||||||||||||
forfeiture of founder shares | 0 | 10 | |||||||||||||||||
deferred offering costs paid by sponsor loan | 0 | 102,767 | |||||||||||||||||
initial classification of warrant liability | 0 | 18,421,695 | |||||||||||||||||
initial classification of fpa liability | |||||||||||||||||||
balance sheet at march 5, 2021 | |||||||||||||||||||
class a ordinary shares subject to possible redemption | 0 | 214,639,150 | |||||||||||||||||
class a ordinary shares | |||||||||||||||||||
additional paid-in capital | 0 | 5,024,690 | |||||||||||||||||
accumulated deficit | 0 | -25,438 | |||||||||||||||||
balance sheet at march 31, 2021 | |||||||||||||||||||
statement of operations for the three months march 31, 2021 | |||||||||||||||||||
basic and diluted weighted-average shares outstanding, ordinary shares subject to redemption | |||||||||||||||||||
basic and diluted net income per share | |||||||||||||||||||
basic and diluted weighted-average shares outstanding, ordinary shares | |||||||||||||||||||
statement of cash flows for the three months march 31, 2021 | |||||||||||||||||||
balance sheet at june 30, 2021 | |||||||||||||||||||
statement of operations for the three months ended june 30, 2021 | |||||||||||||||||||
statement of operations for the six months ended june 30, 2021 | |||||||||||||||||||
statement of cash flows for the six months ended june 30, 2021 | |||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||
prepaid expenses | 52,633 | -374,908 | |||||||||||||||||
repayment to promissory note to related party | 0 | -125,267 | |||||||||||||||||
balance sheet at march 5, 2021, as restated | |||||||||||||||||||
forward purchase agreement liability | |||||||||||||||||||
warrant liability | |||||||||||||||||||
class a ordinary share | 0 | 104 | |||||||||||||||||
unrealized loss on change in fair value of warrants | 434,137 | ||||||||||||||||||
accrued offering costs and expenses | 145,266 | ||||||||||||||||||
initial classification of fpa | 53,954 | ||||||||||||||||||
fpa asset |