AirSculpt Technologies, Inc. (AIRS) Balance Sheet
AIRS balance sheet, 2025
December 31, 2025 · U.S. dollars$187.3M assets = $99.6M liabilities + $87.7M equity
Both columns are drawn to the same scale: what AIRS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AIRS financial health
Descriptive bands, not a rating. Fiscal 2025.
AIRS balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $171.5M2019 | $187.3M2025 | +1.5%/yr | |
| Total liabilities | $51.1M2019 | $99.6M2025 | +11.8%/yr | |
| Shareholders’ equity | $120.4M2019 | $87.7M2025 | −5.1%/yr | |
| Cash & short-term investments | $5.1M2019 | $8.4M2025 | +8.7%/yr | |
| Total debt | $45.1M2019 | $83.6M2025 | +10.8%/yr | |
| Net cash (debt) | −$40.0M2019 | −$75.1M2025 | −$35.1M | |
| Working capital | −$1.8M2019 | −$12.4M2025 | −$10.7M | |
| Book value per share | $2.162019 | $1.452025 | −6.4%/yr | |
| Current ratio | 0.792019 | 0.552025 | −0.23 | |
| Debt / equity | 0.372019 | 0.952025 | +0.58 | |
| Shares outstanding | 55.6M2019 | 60.5M2025 | +1.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AIRS assets
AIRS liabilities and equity
AIRS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AIRS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $8.4M | $8.2M | $10.3M | $9.6M | $25.3M | $10.4M | $5.1M |
| Cash & equivalents | $8.4M | $8.2M | $10.3M | $9.6M | $25.3M | $10.4M | $5.1M |
| Receivables | $1.5M | $3.1M | $1.9M | $2.8M | $1.7M | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $5.5M | $5.8M | $3.8M | $4.2M | $2.4M | $1.2M | $1.5M |
| Total current assets | $15.5M | $17.1M | $16.0M | $16.7M | $29.4M | $11.6M | $6.6M |
| Property, plant & equipment (net) | $50.3M | $63.1M | $54.3M | $48.0M | $31.8M | $24.2M | $16.5M |
| Goodwill & intangible assets | $118.6M | $123.3M | $128.1M | $132.8M | $137.6M | $142.3M | $147.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.0M | $6.4M | $5.7M | $3.3M | $1.7M | $1.5M | $1.3M |
| Total assets | $187.3M | $210.0M | $204.0M | $200.8M | $200.6M | $179.6M | $171.5M |
| Liabilities | |||||||
| Accounts payable | $5.4M | $6.3M | $3.9M | $3.8M | $2.7M | $1.1M | $2.1M |
| Short-term debt | $12.8M | $10.3M | $7.5M | $6.5M | $4.3M | $3.3M | $2.3M |
| Deferred revenue | $1.9M | $1.2M | $1.5M | $2.4M | $2.8M | $3.2M | $3.2M |
| Total current liabilities | $27.9M | $28.6M | $20.3M | $22.3M | $16.4M | $9.5M | $8.4M |
| Long-term debt | $50.6M | $70.5M | $69.5M | $81.4M | $81.8M | $32.1M | $32.3M |
| Lease obligations | $27.5M | $30.3M | $28.0M | $24.1M | $18.0M | $17.2M | $12.4M |
| Other long-term liabilities | $21.1M | $31.6M | $30.2M | $26.3M | $18.9M | $14.4M | $10.4M |
| Total liabilities | $99.6M | $130.7M | $120.0M | $130.0M | $117.0M | $55.9M | $51.1M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $64,000 | $58,000 | $57,000 | $56,000 | $56,000 | $123.7M | $120.4M |
| Retained earnings (deficit) | −$40.6M | −$27.8M | −$19.6M | −$15.1M | −$393,000 | $0 | — |
| Accumulated other comprehensive income | −$96,000 | −$687,000 | −$412,000 | −$76,000 | $0 | — | — |
| Total shareholders' equity | $87.7M | $79.3M | $84.0M | $70.8M | $83.5M | $123.7M | $120.4M |
| Key figures | |||||||
| Total debt | $83.6M | $105.1M | $99.7M | $107.6M | $100.6M | $49.8M | $45.1M |
| Net cash (debt) | −$75.1M | −$96.8M | −$89.4M | −$98.0M | −$75.2M | −$39.4M | −$40.0M |
| Working capital | −$12.4M | −$11.5M | −$4.4M | −$5.6M | $13.0M | $2.1M | −$1.8M |
| Tangible book value | −$30.9M | −$44.0M | −$44.1M | −$62.1M | −$54.1M | −$18.7M | −$26.7M |
| Book value per share | $1.45 | $1.37 | $1.48 | $1.27 | $1.50 | $2.22 | $2.16 |
| Shares outstanding | 60.5M | 57.7M | 56.8M | 55.7M | 55.6M | 55.6M | 55.6M |
| Current ratio | 0.55 | 0.60 | 0.79 | 0.75 | 1.79 | 1.22 | 0.79 |
| Quick ratio | 0.36 | 0.39 | 0.60 | 0.56 | 1.65 | 1.10 | 0.61 |
| Debt / equity | 0.95 | 1.32 | 1.19 | 1.52 | 1.20 | 0.40 | 0.37 |
| Equity / assets | 46.8% | 37.8% | 41.2% | 35.2% | 41.6% | 68.9% | 70.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $18.8M | $16.7M | $8.4M | $5.4M | $8.2M | $5.6M | $8.2M | $6.0M | $9.9M | $11.0M | $10.3M | $8.7M |
| Cash & equivalents | $18.8M | $16.7M | $8.4M | $5.4M | $8.2M | $5.6M | $8.2M | $6.0M | $9.9M | $11.0M | $10.3M | $8.7M |
| Receivables | $2.4M | $2.0M | $1.5M | $0 | $1.8M | $3.4M | $3.1M | $2.8M | $5.4M | $151,000 | $1.9M | $4.4M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $6.3M | $5.7M | $5.5M | $6.8M | $6.4M | $6.4M | $5.8M | $4.1M | $6.4M | $3.9M | $3.8M | $3.4M |
| Total current assets | $27.5M | $24.3M | $15.5M | $12.2M | $16.4M | $15.3M | $17.1M | $12.9M | $21.7M | $15.0M | $16.0M | $16.4M |
| Property, plant & equipment (net) | $46.6M | $47.3M | $50.3M | $50.6M | $55.4M | $59.0M | $63.1M | $64.5M | $58.8M | $54.8M | $54.3M | $55.1M |
| Goodwill & intangible assets | $116.2M | $117.4M | $118.6M | $119.8M | $121.0M | $122.1M | $123.3M | $124.5M | $125.7M | $126.9M | $128.1M | $129.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $3.0M | $3.0M | $3.0M | $3.4M | $5.6M | $6.9M | $6.4M | $6.3M | $3.9M | $6.0M | $5.7M | $3.4M |
| Total assets | $193.3M | $192.0M | $187.3M | $185.9M | $198.4M | $203.3M | $210.0M | $208.2M | $210.1M | $202.7M | $204.0M | $204.1M |
| Liabilities | ||||||||||||
| Accounts payable | $7.3M | $7.5M | $5.4M | $4.5M | $3.3M | $4.1M | $6.3M | $6.8M | $4.6M | $4.3M | $3.9M | $3.6M |
| Short-term debt | $17.8M | $12.6M | $12.8M | $11.1M | $10.6M | $10.3M | $10.3M | $9.8M | $8.8M | $8.2M | $7.5M | $7.3M |
| Deferred revenue | $3.1M | $3.9M | $1.9M | $880,000 | $1.1M | $2.0M | $1.2M | $2.3M | $942,000 | $2.0M | $1.5M | $1.6M |
| Total current liabilities | $34.9M | $32.5M | $27.9M | $24.2M | $25.8M | $26.8M | $28.6M | $25.3M | $25.1M | $21.8M | $20.3M | $19.8M |
| Long-term debt | $33.1M | $39.4M | $50.6M | $0 | $53.2M | $69.3M | $70.5M | $66.4M | $67.5M | $68.5M | $69.5M | $70.6M |
| Lease obligations | $26.9M | $26.2M | $27.5M | $27.3M | $27.6M | $28.9M | $30.3M | $32.0M | $29.7M | $27.7M | $28.0M | $28.2M |
| Other long-term liabilities | $20.4M | $19.9M | $21.1M | $79.7M | $28.2M | $29.9M | $31.6M | $33.9M | $32.4M | $28.9M | $30.2M | $29.5M |
| Total liabilities | $88.4M | $91.7M | $99.6M | $103.8M | $107.2M | $125.9M | $130.7M | $125.7M | $125.1M | $119.2M | $120.0M | $119.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $72,000 | $71,000 | $64,000 | $62,000 | $62,000 | $59,000 | $58,000 | $58,000 | $58,000 | $58,000 | $57,000 | $57,000 |
| Retained earnings (deficit) | −$44.1M | −$43.0M | −$40.6M | −$40.8M | −$31.2M | −$30.6M | −$27.8M | −$22.8M | −$16.7M | −$13.5M | −$19.6M | −$15.0M |
| Accumulated other comprehensive income | −$460,000 | −$254,000 | −$96,000 | −$2.0M | −$1.6M | −$602,000 | −$687,000 | −$188,000 | −$394,000 | −$252,000 | −$412,000 | −$217,000 |
| Total shareholders' equity | $104.8M | $100.3M | $87.7M | $82.1M | $91.2M | $77.3M | $79.3M | $82.5M | $85.0M | $83.5M | $84.0M | $84.2M |
| Key figures | ||||||||||||
| Total debt | $70.5M | $71.0M | $83.6M | $84.2M | $85.3M | $102.4M | $105.1M | $102.2M | $100.5M | $98.9M | $99.7M | $100.9M |
| Net cash (debt) | −$51.6M | −$54.3M | −$75.1M | −$78.8M | −$77.1M | −$96.9M | −$96.8M | −$96.2M | −$90.6M | −$87.9M | −$89.4M | −$92.2M |
| Working capital | −$7.5M | −$8.2M | −$12.4M | −$11.9M | −$9.4M | −$11.5M | −$11.5M | −$12.5M | −$3.4M | −$6.8M | −$4.4M | −$3.4M |
| Tangible book value | −$11.4M | −$17.1M | −$30.9M | −$37.7M | −$29.8M | −$44.8M | −$44.0M | −$42.0M | −$40.7M | −$43.4M | −$44.1M | −$45.1M |
| Book value per share | $1.48 | $1.44 | $1.45 | $1.36 | $1.54 | $1.32 | $1.36 | $1.43 | $1.48 | $1.43 | $1.47 | $1.48 |
| Shares outstanding | 70.8M | 69.5M | 60.5M | 60.2M | 59.1M | 58.5M | 58.1M | 57.7M | 57.6M | 58.4M | 57.1M | 56.8M |
| Current ratio | 0.79 | 0.75 | 0.55 | 0.51 | 0.64 | 0.57 | 0.60 | 0.51 | 0.86 | 0.69 | 0.79 | 0.83 |
| Quick ratio | 0.61 | 0.57 | 0.36 | 0.22 | 0.39 | 0.33 | 0.39 | 0.34 | 0.61 | 0.51 | 0.60 | 0.66 |
| Debt / equity | 0.67 | 0.71 | 0.95 | 1.03 | 0.94 | 1.32 | 1.32 | 1.24 | 1.18 | 1.18 | 1.19 | 1.20 |
| Equity / assets | 54.2% | 52.2% | 46.8% | 44.2% | 46.0% | 38.0% | 37.8% | 39.6% | 40.5% | 41.2% | 41.2% | 41.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
AIRS financial position
At the end of fiscal 2025 (December 31, 2025), AirSculpt Technologies had total assets of $187.3 million (down 10.8% from a year earlier), total liabilities of $99.6 million and shareholders' equity of $87.7 million. It held $8.4 million in cash and short-term investments against $83.6 million of debt, net debt of $75.1 million. Its current ratio was 0.55. In the latest quarter (ended June 30, 2026) total assets were $193.3 million and equity $104.8 million.
Related: AIRS income statement, AIRS cash flow statement, AIRS key metrics. See the AIRS stock overview for the latest quote and news.
AIRS balance sheet FAQ
What are AirSculpt Technologies's total assets?
AirSculpt Technologies reported total assets of $187.3 million at the end of fiscal 2025 (December 31, 2025), compared with $210.0 million a year earlier.
How much debt does AirSculpt Technologies have?
AirSculpt Technologies had $83.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.95.
How much cash does AirSculpt Technologies have?
AirSculpt Technologies held $8.4 million in cash and short-term investments at the end of fiscal 2025; with $83.6 million of debt that is net debt of $75.1 million.
What is AirSculpt Technologies's book value?
AirSculpt Technologies's shareholders' equity (book value) was $87.7 million at the end of fiscal 2025, or $1.45 per share.
What is AirSculpt Technologies's current ratio?
AirSculpt Technologies had current assets of $15.5 million and current liabilities of $27.9 million, a current ratio of 0.55 (current liabilities exceed current assets).
How much goodwill does AirSculpt Technologies have?
AirSculpt Technologies carried $118.6 million of goodwill and intangible assets, 63.3% of total assets, at the end of fiscal 2025.