Why did RANGU report negative operating profit in Q4 2024?

The negative net income reported by Range Capital Acquisition Corp. (RANGU) in Q4 2024 can be attributed to several factors:

1. **Revenue Sharing Arrangement**: RANGU's net interest income was negatively impacted by a $1.1 million charge to interest expense due to a revenue sharing arrangement that began in January 2024. This arrangement likely resulted in a redistribution of revenue from RANGU to the counterparty, thereby decreasing RANGU's net interest income.
2. **Overall Financial Health**: The company's financial results were influenced by market conditions and business decisions. It is important to note that RANGU's financial performance should be evaluated in the context of its overall business strategy and the current market environment.

In conclusion, RANGU's negative net income in Q4 2024 was primarily due to the revenue sharing arrangement and other factors.