Fortress Value Acquisition Corp. V (NASDAQ:FVAV) filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on October 30, 2026, disclosing financial results and balance sheet data for the nine months following its initial public offering.

Key Highlights

  • Trust Account: Investments held in the Trust Account totaled $293,516,854 as of September 30, 2026, with 28,750,000 Class A ordinary shares subject to possible redemption at $10.21 per share.
  • Nine-Month Net Income: The company reported net income of $2,299,173 for the nine months ended September 30, 2026, driven by $6,016,854 in interest and dividend income from the Trust Account.
  • Q3 Net Loss: For the three months ended September 30, 2026, the company recorded a net loss of $211,499, or $(0.01) per share.
  • Shareholders' Deficit: Total shareholders' deficit stood at $(18,733,837) as of September 30, 2026, compared to $(47,140) at December 31, 2025.
  • Shares Outstanding: As of October 26, 2026, 28,950,000 Class A ordinary shares and 7,187,500 Class B ordinary shares were issued and outstanding.
  • Over-Allotment Exercised: In March 2026, the underwriter exercised the over-allotment option in full, meaning none of the 937,500 Class B shares previously subject to forfeiture were forfeited.
  • Shell Company Status: The registrant indicated it is a shell company as defined in Rule 12b-2 of the Exchange Act.

Fortress Value Acquisition Corp. V: Financial Position and Operating Results Through September 30, 2026

According to the filing, Fortress Value Acquisition Corp. V held $293,516,854 in its Trust Account as of September 30, 2026, compared to zero at December 31, 2025, reflecting proceeds from its IPO and related transactions earlier in 2026. The company reported total assets of $294,662,105, with cash of $835,487 and prepaid expenses of $309,764 making up the remainder of current assets. Total liabilities were $19,879,088, which included $15,812,500 in deferred underwriting commissions.

For the nine months ended September 30, 2026, the filing disclosed net income of $2,299,173. Formation, general and administrative expenses totaled $3,754,431 over that period, producing a loss from operations of $(3,754,431). That operating loss was more than offset by $6,016,854 in interest and dividend income from the Trust Account and a $36,750 change in fair value of the over-allotment option liability, according to the filing. For the three months ended September 30, 2026, the company reported a net loss of $211,499, as formation and administrative expenses of $2,863,587 exceeded trust income of $2,652,088 during the quarter.

The filing noted that in March 2026, the underwriter exercised the over-allotment option in full, resulting in no forfeiture of the 937,500 Class B shares that had been contingently subject to forfeiture. The company sold 200,000 Private Placement shares for $2,000,000 during the period. Accumulated deficit grew to $(18,734,576) as of September 30, 2026, largely reflecting remeasurement of Class A ordinary shares to their redemption value over the nine-month period. The registrant classified itself as a non-accelerated filer, smaller reporting company, and emerging growth company, and confirmed its shell company status.

What Was Disclosed

Fortress Value Acquisition Corp. V disclosed its unaudited condensed financial statements for the quarter and nine months ended September 30, 2026, covering Trust Account balances, operating results, share counts, shareholders' deficit, and the full exercise of the underwriter's over-allotment option in March 2026.