Abivax SA (ABVX) Balance Sheet

NASDAQ: ABVXAssets, liabilities, debt and equity over 10 years.

ABVX balance sheet, 2025

December 31, 2025 · euros

€584.1M assets = €129.1M liabilities + €455.0M equity

What it owns€584.1MCash & ST investments: €530.2M (90.8%)Cash & ST investments€530.2M · 91%Receivables: €10.5M (1.8%)Other current: €10.4M (1.8%)PP&E: €2.1M (0.4%)Goodwill & intangibles: €25.0M (4.3%)Other non-current: €6.0M (1.0%)=How it is financed€584.1MCurrent liabilities: €63.0M (10.8%)Current liabilities €63.0MOther LT liabilities: €66.1M (11.3%)€66.1MShareholders’ equity: €455.0M (77.9%)Shareholders’ equity€455.0M · 78%

Both columns are drawn to the same scale: what ABVX owns equals what it owes plus shareholders’ equity. Hover a block for its value.

ABVX financial health

Current ratio8.75
Comfortable · current assets cover current liabilities 8.75×
Debt / equity0.10
Low leverage · €0.10 of debt for each $1 of equity
Equity / assets77.9%
Equity-funded · of assets funded by shareholders
Cash / debt1,155.3%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles4.3%
Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

ABVX balance sheet trends, 2016–2025

MetricTrendThenLatestChange
Total assets€60.6M2016€584.1M2025+28.6%/yr
Total liabilities€3.9M2016€129.1M2025+47.6%/yr
Shareholders’ equity€56.7M2016€455.0M2025+26.0%/yr
Cash & short-term investments€23.0M2016€530.2M2025+41.7%/yr
Total debt€316,0002016€45.9M2025+73.9%/yr
Net cash (debt)€22.7M2016€484.3M2025+€461.6M
Working capital€24.3M2016€488.0M2025+€463.7M
Current ratio7.8520168.752025+0.90
Debt / equity0.0120160.102025+0.10
Shares outstanding9.7M201669.5M2025+24.4%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

ABVX assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

ABVX liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ABVX debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

ABVX balance sheet in euros

2025202420232022202120202019201820172016
Assets
Cash & short-term investments€530.2M€144.2M€261.0M€26.9M€60.7M€29.3M€9.8M€13.0M€17.0M€23.0M
Cash & equivalents€516.5M€144.2M€251.9M€26.9M€60.7M€29.3M€9.8M€8.0M€1.9M€7.9M
Short-term investments€13.7M€136,000€9.1M€6,000€6,000€6,000€6,000€5.0M€15.2M€15.1M
Receivables€10.5M€15.7M€19.1M€8.3M€8.3M€8.0M€7.0M€7.8M€3.6M€4.8M
Inventory€0€0−€5.9M€12.2M€4.0M€1.1M€1.2M€0€199,000€52,000
Other current assets€10.4M€10.8M€11.8M€0€2.2M€0€342,000€202,000€0€0
Total current assets€551.0M€170.7M€286.0M€36.2M€75.2M€37.7M€18.2M€21.0M€20.9M€27.8M
Property, plant & equipment (net)€2.1M€2.7M€877,000€1.6M€93,000€100,000€134,000€151,000€201,000€192,000
Goodwill & intangible assets€25.0M€25.0M€25.0M€25.0M€32.1M€32.1M€32.1M€32.0M€32.0M€32.0M
Long-term investments€0€126,000€124,000€0€0€221,000€0€0€0€0
Other non-current assets€6.0M€6.7M€15.1M€12.7M€1.8M€1.2M€1.3M€915,000€733,000€559,000
Total assets€584.1M€205.2M€327.1M€75.5M€109.2M€71.3M€51.7M€54.0M€53.8M€60.6M
Liabilities
Accounts payable€37.6M€43.8M€47.2M€15.5M€18.6M€17.4M€10.5M€6.7M€4.2M€2.6M
Short-term debt€29.4M€43.8M€31.3M€30.0M€10.2M€12,000€20.7M€10.9M€170,000€255,000
Deferred revenue——€52,000€133,000€162,000—−€18.9M−€9.1M€950,000—
Total current liabilities€63.0M€92.8M€88.1M€51.5M€32.3M€19.4M€12.4M€8.5M€5.4M€3.5M
Long-term debt€0€52.2M€44.7M€36.6M€53.4M€28.4M€20.7M€0€0€0
Lease obligations€1.9M€2.4M€539,000€1.4M€213,000—————
Other long-term liabilities€66.1M€19.6M€0€0€0€5.5M€0€10.9M€196,000€333,000
Total liabilities€129.1M€164.6M€131.1M€68.4M€83.3M€53.4M€33.1M€19.4M€5.6M€3.9M
Shareholders' equity
Common stock & paid-in capital€784,665€633,000€629,000€223,000€168,000€143,000€122,000€102,000€99,000€97,000
Retained earnings (deficit)−€738.2M−€438.9M−€282.9M−€143.5M−€81.8M−€37.6M−€93.0M−€62.4M−€46.6M−€35.4M
Accumulated other comprehensive income€2.3M−€75,000€112,000€302,031€1,000−€37.3M€289,000€283,000€253,000€232,000
Total shareholders' equity€455.0M€40.6M€196.0M€7.2M€25.9M€17.9M€18.6M€34.7M€48.2M€56.7M
Key figures
Total debt€45.9M€97.4M€58.0M€39.2M€51.7M€34.0M€20.7M€10.9M€262,000€316,000
Net cash (debt)€484.3M€46.9M€202.9M−€12.2M€9.0M−€4.7M−€11.0M€2.1M€16.8M€22.7M
Working capital€488.0M€77.8M€197.9M−€15.3M€42.9M€18.3M€5.9M€12.5M€15.4M€24.3M
Tangible book value€430.0M€15.6M€171.0M−€17.8M−€6.2M−€14.2M−€13.5M€2.6M€16.2M€24.7M
Shares outstanding69.5M63.0M43.1M19.1M15.5M14.3M12.2M10.2M9.9M9.7M
Current ratio8.751.843.250.702.331.941.472.473.847.85
Quick ratio8.581.723.180.692.141.921.352.453.807.83
Debt / equity0.102.400.305.451.991.901.120.310.010.01
Equity / assets77.9%19.8%59.9%9.5%23.7%25.1%35.9%64.1%89.5%93.6%

Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported (latest annual report filed March 23, 2026); data from EODHD.

ABVX financial position

At the end of fiscal 2025 (December 31, 2025), Abivax SA had total assets of €584.1 million (up 184.6% from a year earlier), total liabilities of €129.1 million and shareholders' equity of €455.0 million. It held €530.2 million in cash and short-term investments against €45.9 million of debt, a net cash position of €484.3 million. Its current ratio was 8.75. In the latest quarter (ended June 30, 2026) total assets were €462.2 million and equity €366.3 million.

Related: ABVX income statement, ABVX cash flow statement, ABVX key metrics. See the ABVX stock overview for the latest quote and news.

ABVX balance sheet FAQ

What are Abivax SA's total assets?

Abivax SA reported total assets of €584.1 million at the end of fiscal 2025 (December 31, 2025), compared with €205.2 million a year earlier.

How much debt does Abivax SA have?

Abivax SA had €45.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.10.

How much cash does Abivax SA have?

Abivax SA held €530.2 million in cash and short-term investments at the end of fiscal 2025; with €45.9 million of debt that is net cash of €484.3 million.

What is Abivax SA's book value?

Abivax SA's shareholders' equity (book value) was €455.0 million at the end of fiscal 2025.

What is Abivax SA's current ratio?

Abivax SA had current assets of €551.0 million and current liabilities of €63.0 million, a current ratio of 8.75 (it can cover its short-term obligations).

How much goodwill does Abivax SA have?

Abivax SA carried €25.0 million of goodwill and intangible assets, 4.3% of total assets, at the end of fiscal 2025.

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