Akoustis Technologies, Inc. (AKTS) Balance Sheet
AKTS balance sheet, 2025
December 31, 2025 · U.S. dollars$264.9M assets = $411.0M liabilities + −$146.1M equity
Liabilities exceed assets: shareholders’ equity is negative (−$146.1M).
Both columns are drawn to the same scale: what AKTS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AKTS financial health
Descriptive bands, not a rating. Fiscal 2025.
AKTS balance sheet trends, 2015–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $4.5M2015 | $264.9M2025 | +57.1%/yr | |
| Total liabilities | $1.9M2015 | $411.0M2025 | +82.1%/yr | |
| Shareholders’ equity | $2.7M2015 | −$146.1M2025 | — | |
| Cash & short-term investments | $4.2M2015 | $226.8M2025 | +56.0%/yr | |
| Total debt | $11.5M2018 | $11.5M2025 | +0.1%/yr | |
| Net cash (debt) | $3.4M2018 | $215.2M2025 | +$211.9M | |
| Working capital | $3.7M2015 | $199.1M2025 | +$195.4M | |
| Book value per share | $0.202015 | −$2.782025 | — | |
| Current ratio | 7.822015 | 7.372025 | −0.45 | |
| Debt / equity | 0.832018 | 0.432021 | −0.39 | |
| Shares outstanding | 13.3M2015 | 52.5M2025 | +16.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AKTS assets
AKTS liabilities and equity
AKTS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AKTS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $226.8M | $297.2M | $97.9M | $128.6M | $80.5M | $44.3M | $30.2M | $14.8M | $9.6M | $4.2M |
| Cash & equivalents | $37.8M | $37.2M | $29.5M | $128.6M | $80.5M | $44.3M | $30.2M | $14.8M | $9.6M | $4.2M |
| Short-term investments | $189.0M | $260.0M | $68.3M | $0 | — | — | — | — | — | — |
| Receivables | $0 | $5.3M | $4.8M | $0 | $3.8M | $351,000 | $285,000 | $214,659 | $0 | $0 |
| Inventory | $0 | $2.2M | $7.5M | $0 | $4.1M | $136,000 | $94,000 | $57,556 | $188,476 | $43,544 |
| Other current assets | $3.5M | $0 | $0 | $3.9M | $3.4M | $1.4M | $1.3M | $790,115 | $201,265 | $54,818 |
| Total current assets | $230.3M | $300.9M | $100.2M | $132.5M | $91.7M | $46.2M | $31.8M | $15.9M | $10.0M | $4.3M |
| Property, plant & equipment (net) | $27.2M | $20.9M | $20.9M | $4.9M | $52.3M | $24.3M | $15.2M | $12.8M | $7.9M | $206,985 |
| Goodwill & intangible assets | $0 | $19.1M | $29.8M | $0 | $17.0M | $544,000 | $388,000 | $264,295 | $206,527 | $71,233 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $7.3M | $0 | $0 | $976,000 | $279,000 | $382,000 | $562,000 | $344,405 | $10,715 | $10,715 |
| Total assets | $264.9M | $326.2M | $122.4M | $138.3M | $161.3M | $71.4M | $47.9M | $29.3M | $18.1M | $4.5M |
| Liabilities | ||||||||||
| Accounts payable | $1.7M | $1.9M | $957,000 | $490,000 | $3.6M | $2.1M | $245,000 | $139,000 | $494,515 | $73,400 |
| Short-term debt | $1.3M | $1.3M | $1.5M | $854,000 | $313,000 | $462,000 | — | — | — | — |
| Deferred revenue | $18.7M | $9.3M | $105,000 | — | $286,000 | — | $5,000 | $52,938 | $14,500 | — |
| Total current liabilities | $31.2M | $18.8M | $6.2M | $5.3M | $12.7M | $6.1M | $3.2M | $2.6M | $1.4M | $543,646 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $11.5M | $12.0M | $13.4M | $1.8M | — | — | — | — | — | — |
| Other long-term liabilities | $379.8M | $395.2M | $162.4M | $152.3M | $45.2M | $23.8M | $18.8M | $12.8M | $1.7M | $1.3M |
| Total liabilities | $411.0M | $414.0M | $168.7M | $157.6M | $57.9M | $29.9M | $22.0M | $15.5M | $3.1M | $1.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | $123,000 | $72,000 | — | $57,000 | $38,000 | $30,000 | $22,203 | $19,075 | $15,376 |
| Retained earnings (deficit) | −$156.6M | −$92.8M | −$48.9M | −$20.2M | −$206.8M | −$103.6M | −$67.5M | −$38.2M | −$15.8M | −$6.7M |
| Accumulated other comprehensive income | $42,000 | $124,000 | $82,000 | — | $0 | $0 | — | −$1.4M | −$146,011 | — |
| Total shareholders' equity | −$146.1M | −$87.8M | −$46.3M | −$19.2M | $103.4M | $41.5M | $26.0M | $13.8M | $15.0M | $2.7M |
| Key figures | ||||||||||
| Total debt | $11.5M | $12.0M | $13.4M | $1.8M | $44.9M | $23.9M | $18.2M | $11.5M | — | — |
| Net cash (debt) | $215.2M | $285.2M | $84.5M | $126.8M | $35.6M | $20.4M | $11.9M | $3.4M | — | — |
| Working capital | $199.1M | $282.0M | $94.0M | $127.2M | $79.1M | $40.1M | $28.6M | $13.2M | $8.7M | $3.7M |
| Tangible book value | −$146.1M | −$106.9M | −$76.1M | −$19.2M | $86.4M | $41.0M | $25.6M | $13.6M | $14.8M | $2.6M |
| Book value per share | −$2.78 | −$2.52 | −$1.33 | −$0.55 | $1.91 | $1.23 | $0.94 | $0.66 | $0.88 | $0.20 |
| Shares outstanding | 52.5M | 34.9M | 34.9M | 34.9M | 54.0M | 33.7M | 27.5M | 20.9M | 17.0M | 13.3M |
| Current ratio | 7.37 | 15.98 | 16.07 | 25.11 | 7.25 | 7.54 | 9.89 | 6.00 | 7.42 | 7.82 |
| Quick ratio | 7.26 | 16.07 | 16.45 | 24.38 | 6.66 | 7.29 | 9.46 | 5.68 | 7.13 | 7.64 |
| Debt / equity | — | — | — | — | 0.43 | 0.58 | 0.70 | 0.83 | — | — |
| Equity / assets | −55.2% | −26.9% | −37.8% | −13.9% | 64.1% | 58.1% | 54.1% | 47.3% | 83.0% | 58.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Dec '24 | Sep '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $517.3M | $538.5M | $226.8M | $246.2M | $297.2M | $312.4M | $15.2M | $12.9M | $25.8M | $43.1M | $52.7M | $46.6M |
| Cash & equivalents | $82.5M | $371.6M | $37.8M | $180.3M | $37.2M | $224.6M | $15.2M | $12.9M | $25.8M | $43.1M | $52.7M | $46.6M |
| Short-term investments | $434.8M | $166.9M | $189.0M | $66.0M | $260.0M | $87.8M | — | — | — | — | — | — |
| Receivables | $2.3M | $2.2M | $0 | $0 | $0 | $7.0M | $5.6M | $6.1M | $3.9M | $4.8M | $4.2M | $3.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $3.2M | $5.1M | $5.5M | $6.2M | $7.5M | $7.6M | $5.8M |
| Other current assets | $4.9M | $3.3M | $3.5M | $3.2M | $3.7M | $0 | $2.7M | $1.6M | $2.7M | $4.4M | $3.7M | $4.8M |
| Total current assets | $524.5M | $543.9M | $230.3M | $249.4M | $300.9M | $315.4M | $28.6M | $26.0M | $38.6M | $59.8M | $68.2M | $60.3M |
| Property, plant & equipment (net) | $28.2M | $28.1M | $27.2M | $24.3M | $20.9M | $19.4M | $54.2M | $57.4M | $59.4M | $59.2M | $58.8M | $55.6M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $18.4M | $19.7M | $28.4M | $29.1M | $29.8M | $30.4M | $16.3M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $4.9M | $4.8M | $7.3M | $5.3M | $4.5M | $0 | $71,000 | $74,000 | $73,000 | $72,000 | $71,000 | $71,000 |
| Total assets | $557.6M | $576.8M | $264.9M | $279.0M | $326.2M | $337.1M | $102.6M | $111.9M | $127.1M | $148.9M | $157.5M | $132.3M |
| Liabilities | ||||||||||||
| Accounts payable | $2.5M | $1.2M | $1.7M | $2.4M | $1.9M | $702,000 | $4.8M | $3.2M | $6.0M | $4.0M | $3.1M | $2.6M |
| Short-term debt | $1.5M | $1.4M | $1.3M | $1.4M | $1.3M | $1.5M | $2.2M | $956,000 | $920,000 | $878,000 | $830,000 | $542,000 |
| Deferred revenue | $17.3M | $19.0M | $18.7M | $16.1M | $9.3M | $8.7M | $95,000 | $56,000 | $312,000 | $105,000 | $114,000 | $60,000 |
| Total current liabilities | $32.1M | $27.9M | $31.2M | $26.9M | $18.8M | $17.0M | $18.2M | $14.3M | $15.9M | $17.6M | $11.8M | $8.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $11.2M | $11.6M | $11.5M | $11.9M | $12.0M | $12.4M | — | — | — | — | — | — |
| Other long-term liabilities | $40.6M | $42.8M | $379.8M | $384.5M | $395.2M | $396.9M | $42.5M | $43.8M | $43.5M | $45.1M | $45.2M | $44.4M |
| Total liabilities | $72.8M | $70.7M | $411.0M | $411.4M | $414.0M | $413.9M | $60.7M | $58.1M | $59.4M | $62.7M | $57.0M | $53.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $5,000 | $5,000 | — | — | — | $154,000 | $99,000 | $75,000 | $72,000 | $72,000 | $72,000 | $58,000 |
| Retained earnings (deficit) | −$199.0M | −$174.9M | −$156.6M | −$141.4M | −$92.8M | −$80.8M | −$329.7M | −$306.4M | −$290.7M | −$270.4M | −$252.6M | −$237.0M |
| Accumulated other comprehensive income | −$745,000 | −$241,000 | $42,000 | $16,000 | $124,000 | $208,000 | — | $0 | $0 | — | $0 | $0 |
| Total shareholders' equity | $484.8M | $506.1M | −$146.1M | −$132.4M | −$87.8M | −$76.8M | $41.9M | $53.8M | $67.8M | $86.2M | $100.5M | $79.1M |
| Key figures | ||||||||||||
| Total debt | $11.2M | $11.6M | $11.5M | $11.9M | $12.0M | $12.4M | $44.5M | $44.2M | $43.8M | $45.4M | $45.5M | $44.3M |
| Net cash (debt) | $506.1M | $526.9M | $215.2M | $234.4M | $285.2M | $300.0M | −$29.3M | −$31.3M | −$18.0M | −$2.3M | $7.2M | $2.3M |
| Working capital | $492.4M | $516.0M | $199.1M | $222.5M | $282.0M | $298.4M | $10.3M | $11.7M | $22.7M | $42.3M | $56.4M | $51.5M |
| Tangible book value | $484.8M | $506.1M | −$146.1M | −$132.4M | −$87.8M | −$95.2M | $22.2M | $25.3M | $38.7M | $56.4M | $70.0M | $62.8M |
| Book value per share | $8.76 | $9.16 | −$2.74 | −$2.52 | −$1.67 | −$0.50 | $0.46 | $0.74 | $0.94 | $1.20 | $1.47 | $1.37 |
| Shares outstanding | 55.3M | 55.3M | 53.4M | 52.5M | 52.5M | 154.4M | 91.3M | 73.1M | 72.3M | 71.7M | 68.2M | 57.6M |
| Current ratio | 16.33 | 19.49 | 7.37 | 9.27 | 15.98 | 18.55 | 1.57 | 1.82 | 2.43 | 3.41 | 5.78 | 6.87 |
| Quick ratio | 16.17 | 19.37 | 7.26 | 9.15 | 15.79 | 18.78 | 1.14 | 1.33 | 1.87 | 2.72 | 4.83 | 5.67 |
| Debt / equity | 0.02 | 0.02 | — | — | — | — | 1.06 | 0.82 | 0.65 | 0.53 | 0.45 | 0.56 |
| Equity / assets | 87.0% | 87.7% | −55.2% | −47.4% | −26.9% | −22.8% | 40.8% | 48.1% | 53.3% | 57.9% | 63.8% | 59.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
AKTS financial position
At the end of fiscal 2025 (December 31, 2025), Akoustis Technologies had total assets of $264.9 million (down 18.8% from a year earlier), total liabilities of $411.0 million and shareholders' equity of -$146.1 million. It held $226.8 million in cash and short-term investments against $11.5 million of debt, a net cash position of $215.2 million. Its current ratio was 7.37. In the latest quarter (ended June 30, 2026) total assets were $557.6 million and equity $484.8 million.
Related: AKTS income statement, AKTS cash flow statement, AKTS key metrics. See the AKTS stock overview for the latest quote and news.
AKTS balance sheet FAQ
What are Akoustis Technologies's total assets?
Akoustis Technologies reported total assets of $264.9 million at the end of fiscal 2025 (December 31, 2025), compared with $326.2 million a year earlier.
How much debt does Akoustis Technologies have?
Akoustis Technologies had $11.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Akoustis Technologies have?
Akoustis Technologies held $226.8 million in cash and short-term investments at the end of fiscal 2025; with $11.5 million of debt that is net cash of $215.2 million.
What is Akoustis Technologies's book value?
Akoustis Technologies's shareholders' equity (book value) was -$146.1 million at the end of fiscal 2025, or −$2.78 per share.
What is Akoustis Technologies's current ratio?
Akoustis Technologies had current assets of $230.3 million and current liabilities of $31.2 million, a current ratio of 7.37 (it can cover its short-term obligations).