Lionheart (CUB)
Market Price (3/30/2026): $10.66 | Market Cap: $326.9 MilSector: Financials | Industry: Multi-Sector Holdings
Lionheart (CUB)
Market Price (3/30/2026): $10.66Market Cap: $326.9 MilSector: FinancialsIndustry: Multi-Sector Holdings
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Low stock price volatilityVol 12M is 2.1% | Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% | Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -54% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.9 Mil | |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 37x | ||
| Key risksCUB key risks include [1] its nature as a pre-merger blank check company (SPAC) with no operations or revenue, Show more. |
| Low stock price volatilityVol 12M is 2.1% |
| Trading close to highsDist 52W High is -0.1%, Dist 3Y High is -0.1% |
| Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -54% |
| Very low revenueRev LTMTotal Revenue or Sales, Last Twelve Months is 0 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -0.9 Mil |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 37x |
| Key risksCUB key risks include [1] its nature as a pre-merger blank check company (SPAC) with no operations or revenue, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Lionheart (CUB) operates as a Special Purpose Acquisition Company (SPAC) with no ongoing business operations or revenue. As a blank check company, its stock performance is primarily linked to the value of its trust account rather than traditional operational metrics or future earnings.
2. The stock price has remained stable, largely anchored by the substantial assets held in its trust account. Lionheart Holdings maintains approximately $238.8 million in a trust account, which provides a solid floor for the stock price and limits significant downward volatility.
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Stock Movement Drivers
Fundamental Drivers
The 1.6% change in CUB stock from 11/30/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's Net Income Margin (%).| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.57 | 10.74 | 1.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| Net Income Margin (%) | ∞% | ∞% | 0.0% |
| P/E Multiple | 32.4 | 36.8 | 13.5% |
| Shares Outstanding (Mil) | 31 | 31 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| CUB | 1.6% | |
| Market (SPY) | -5.3% | -9.4% |
| Sector (XLF) | -10.0% | 26.0% |
Fundamental Drivers
The 2.3% change in CUB stock from 8/31/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's Net Income Margin (%).| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.50 | 10.74 | 2.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 0 | 0 | 0.0% |
| Net Income Margin (%) | ∞% | ∞% | 0.0% |
| P/E Multiple | 41.3 | 36.8 | -10.9% |
| Shares Outstanding (Mil) | 31 | 31 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| CUB | 2.3% | |
| Market (SPY) | 0.6% | 2.5% |
| Sector (XLF) | -10.8% | 8.7% |
Fundamental Drivers
The 5.4% change in CUB stock from 2/28/2025 to 3/29/2026 was primarily driven by a 0.0% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.19 | 10.74 | 5.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 0 | 0.0% |
| Net Income Margin (%) | � | ∞% | 0.0% |
| P/E Multiple | � | 36.8 | 0.0% |
| Shares Outstanding (Mil) | 31 | 31 | 0.0% |
| Cumulative Contribution | 0.0% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| CUB | 5.4% | |
| Market (SPY) | 9.8% | 7.6% |
| Sector (XLF) | -7.1% | 8.4% |
Fundamental Drivers
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Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| CUB | ||
| Market (SPY) | 69.4% | 4.8% |
| Sector (XLF) | 40.5% | 2.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CUB Return | - | - | - | 1% | 5% | 1% | 8% |
| Peers Return | 0% | 0% | 0% | 0% | 8% | -15% | -8% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| CUB Win Rate | - | - | - | 80% | 83% | 100% | |
| Peers Win Rate | 0% | 0% | 0% | 0% | 8% | 30% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| CUB Max Drawdown | - | - | - | -0% | -0% | -0% | |
| Peers Max Drawdown | 0% | 0% | 0% | 0% | 0% | -16% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ADAC, ALUB, APAC, ARTC, BBCQ.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
CUB has limited trading history. Below is the Financials sector ETF (XLF) in its place.
| Event | XLF | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -26.9% | -25.4% |
| % Gain to Breakeven | 36.7% | 34.1% |
| Time to Breakeven | 525 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.3% | -33.9% |
| % Gain to Breakeven | 76.5% | 51.3% |
| Time to Breakeven | 295 days | 148 days |
| 2018 Correction | ||
| % Loss | -26.1% | -19.8% |
| % Gain to Breakeven | 35.2% | 24.7% |
| Time to Breakeven | 338 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -83.7% | -56.8% |
| % Gain to Breakeven | 515.2% | 131.3% |
| Time to Breakeven | 4,470 days | 1,480 days |
Compare to ADAC, ALUB, APAC, ARTC, BBCQ
In The Past
SPDR Select Sector Fund's stock fell -26.9% during the 2022 Inflation Shock from a high on 1/12/2022. A -26.9% loss requires a 36.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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About Lionheart (CUB)
AI Analysis | Feedback
It's like a specialized private equity firm, but its sole purpose is to acquire one promising private company and bring it to the public stock market.
AI Analysis | Feedback
- Initial Business Combination Facilitation: Lionheart's primary service is identifying and executing a merger, amalgamation, share exchange, asset acquisition, or similar business combination with one or more private operating businesses.
AI Analysis | Feedback
Based on the provided description, Lionheart (CUB) is a blank check company (SPAC) incorporated on February 21, 2024. Its sole purpose at this stage is to identify and complete a business combination (e.g., a merger or acquisition) with another operating business.
As of the information provided, Lionheart has not selected any business combination target and has not initiated any substantive discussions. Therefore, it is not currently engaged in commercial operations, selling products or services to customers. Lionheart (CUB) does not have any major customers at this time.
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Ophir Sternberg, Chief Executive Officer and Chairman
Ophir Sternberg is the founding director, Chairman, President, and CEO of Lionheart Holdings. He brings over 30 years of experience in the real estate industry, encompassing office, industrial, retail, hospitality, ultra-luxury residential condominiums, and land acquisitions. Sternberg is also the Founder and CEO of Miami-based Lionheart Capital LLC, a diversified investment firm. He founded Out of the Box Ventures, LLC, to acquire and reposition distressed retail properties across the United States. He previously led the merger of Nasdaq-listed OPES Acquisition Corp. with BurgerFi International LLC, the business combination of Lionheart Acquisition Corporation II with MSP Recovery (rebranded as LifeWallet), and Lionheart III Corp’s merger with Security Matters Limited. Beyond his business ventures, Sternberg founded The Lionheart Classical Academy, a chartered public school in New Hampshire.
Paul Rapisarda, Chief Financial Officer
Paul Rapisarda serves as the Chief Financial Officer of Lionheart Holdings. He also holds the CFO position at Lionheart Capital LLC and previously served as CFO for Lionheart II and Lionheart III. Prior to joining Lionheart Capital in June 2019, Rapisarda was the CFO at Etrion Corp., a solar energy development company, where he managed all finance functions, including financial reporting, regulatory compliance, and investor relations. Before Etrion, he was Executive Vice President of Commercial Development at Atlantic Power Corporation, a dual-listed company in the independent power and infrastructure sectors, where he played a key role in a $1.8 billion merger and managed over $1.2 billion in equity investments.
Faquiry Diaz Cala, Chief Operating Officer
Faquiry Diaz Cala is the Chief Operating Officer for Lionheart Holdings and also serves as COO for Lionheart Capital and its affiliates, overseeing Mergers & Acquisitions and Corporate Strategy. He was also COO at Lionheart III and Lionheart II. Since 2013, Diaz Cala has been President and Director of The Ivy Companies Inc., and since 2022, a Director at PataFoods, Inc. He was an early investor and executive committee member of fintech company Yellowpepper Holding Corporation, which was acquired by Visa in 2020. Additionally, he invested in and operated Southam Freeze Dry SPA until its sale to Van Drunen Farms.
Allison Greenfield, Chief Development Officer
Allison Greenfield is the Chief Development Officer at Lionheart Capital, bringing over 25 years of experience in the management, operations, marketing, and organization of real estate investments. She co-founded Oz Holdings, LLC in 1995, where she focused on realizing the full potential of undervalued assets through renovation, construction, and unique marketing campaigns.
Jessica Wasserstrom, Chief Legal Officer
Jessica Wasserstrom serves as the Chief Legal Officer for Lionheart Capital.
AI Analysis | Feedback
The key risk to Lionheart's business is the inability to complete an initial business combination. As a blank check company, its sole purpose is to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company has not yet selected any business combination target, nor has it initiated any substantive discussions directly or indirectly with any potential target. If Lionheart fails to complete a business combination within the stipulated timeframe, it may be forced to liquidate, which would result in investors only receiving their initial investment back without any return, or potentially less if funds are used for operational expenses.
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Share Issuance
- Lionheart Holdings completed its initial public offering (IPO) on June 20, 2024, issuing 23,000,000 units.
- The IPO was priced at $10.00 per unit.
- As of November 12, 2025, there were 23,000,000 Class A Ordinary Shares and 7,666,667 Class B Ordinary Shares outstanding.
Inbound Investments
- The company generated gross proceeds of $230,000,000 from its initial public offering.
- These proceeds, totaling $230,000,000, were placed into a Trust Account.
- As of September 30, 2025, the Trust Account held approximately $243,788,499, primarily from interest on funds invested in money market funds.
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Trade Ideas
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|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | ALAB | Astera Labs | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 10.03 |
| Mkt Cap | 0.2 |
| Rev LTM | 0 |
| Op Inc LTM | -1 |
| FCF LTM | -0 |
| FCF 3Y Avg | - |
| CFO LTM | -0 |
| CFO 3Y Avg | - |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | - |
| Rev Chg 3Y Avg | - |
| Rev Chg Q | - |
| QoQ Delta Rev Chg LTM | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | - |
| CFO/Rev 3Y Avg | - |
| FCF/Rev LTM | - |
| FCF/Rev 3Y Avg | - |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.2 |
| P/S | - |
| P/EBIT | -349.7 |
| P/E | 152.2 |
| P/CFO | -410.3 |
| Total Yield | 1.5% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | - |
| D/E | 0.0 |
| Net D/E | -0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 0.2% |
| 3M Rtn | 0.7% |
| 6M Rtn | 1.4% |
| 12M Rtn | 2.7% |
| 3Y Rtn | 4.1% |
| 1M Excs Rtn | 8.1% |
| 3M Excs Rtn | 8.8% |
| 6M Excs Rtn | 5.0% |
| 12M Excs Rtn | -8.8% |
| 3Y Excs Rtn | -57.7% |
Price Behavior
| Market Price | $10.74 | |
| Market Cap ($ Bil) | 0.3 | |
| First Trading Date | 08/09/2024 | |
| Distance from 52W High | -0.1% | |
| 50 Days | 200 Days | |
| DMA Price | $10.64 | $10.30 |
| DMA Trend | indeterminate | indeterminate |
| Distance from DMA | 0.9% | 4.3% |
| 3M | 1YR | |
| Volatility | 2.3% | 2.6% |
| Downside Capture | -0.03 | -0.02 |
| Upside Capture | 5.06 | 4.02 |
| Correlation (SPY) | -10.0% | 6.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.04 | -0.02 | -0.01 | 0.01 | 0.01 | -0.00 |
| Up Beta | 0.03 | 0.02 | 0.00 | -0.01 | 0.01 | 0.00 |
| Down Beta | -0.05 | -0.02 | -0.01 | 0.00 | 0.00 | 0.02 |
| Up Capture | -3% | -0% | 2% | 3% | 2% | 0% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 5 | 12 | 20 | 32 | 76 | 123 |
| Down Capture | -9% | -5% | -6% | -2% | -1% | -2% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 2 | 8 | 13 | 22 | 46 | 78 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CUB | |
|---|---|---|---|---|
| CUB | 4.8% | 2.5% | 2.11 | - |
| Sector ETF (XLF) | -4.0% | 19.2% | -0.33 | 1.7% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 4.3% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | -11.6% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 1.0% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | -4.7% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | -8.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CUB | |
|---|---|---|---|---|
| CUB | 1.4% | 2.1% | 1.22 | - |
| Sector ETF (XLF) | 9.1% | 18.7% | 0.37 | -2.1% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 2.7% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | -7.6% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | -2.6% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | -5.5% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | -3.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CUB | |
|---|---|---|---|---|
| CUB | 0.7% | 2.1% | 1.22 | - |
| Sector ETF (XLF) | 12.0% | 22.1% | 0.50 | -2.1% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 2.7% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | -7.6% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | -2.6% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | -5.5% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | -3.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
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