Apollomics, Inc. (APLM) Balance Sheet
APLM balance sheet, 2025
December 31, 2025 · U.S. dollars$6.7M assets = $9.9M liabilities + −$3.2M equity
Liabilities exceed assets: shareholders’ equity is negative (−$3.2M).
Both columns are drawn to the same scale: what APLM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
APLM financial health
Descriptive bands, not a rating. Fiscal 2025.
APLM balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $79.1M2019 | $6.7M2025 | −33.7%/yr | |
| Total liabilities | $139.8M2019 | $9.9M2025 | −35.7%/yr | |
| Shareholders’ equity | −$60.7M2019 | −$3.2M2025 | — | |
| Cash & short-term investments | $74.1M2019 | $3.3M2025 | −40.5%/yr | |
| Total debt | $136.0M2019 | $643,0002025 | −59.0%/yr | |
| Net cash (debt) | −$61.8M2019 | $2.6M2025 | +$64.5M | |
| Working capital | $70.9M2019 | −$275,0002025 | −$71.1M | |
| Book value per share | −$69.962019 | −$2.212025 | — | |
| Current ratio | 16.482019 | 0.962025 | −15.52 | |
| Debt / equity | 0.112023 | 0.202024 | +0.09 | |
| Shares outstanding | 868K2019 | 1.4M2025 | +8.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
APLM assets
APLM liabilities and equity
APLM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
APLM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $3.3M | $9.8M | $37.8M | $54.6M | $94.5M | $154.4M | $74.1M |
| Cash & equivalents | $3.3M | $9.8M | $32.1M | $32.7M | $46.7M | $130.6M | $38.5M |
| Short-term investments | — | $14,000 | $5.8M | $21.9M | $47.7M | $23.7M | $35.6M |
| Receivables | $2.5M | $127,000 | $466,000 | $547,000 | $506,000 | $415,000 | $361,000 |
| Inventory | $0 | $0 | −$466,000 | $0 | $2.3M | $950,000 | $0 |
| Other current assets | $285,000 | $374,000 | $2.1M | $629,000 | $2.1M | $959,000 | $949,000 |
| Total current assets | $6.1M | $10.3M | $39.9M | $55.8M | $99.4M | $156.7M | $75.4M |
| Property, plant & equipment (net) | $580,000 | $1.0M | $586,000 | $1.5M | $1.3M | $1.9M | $2.0M |
| Goodwill & intangible assets | $0 | $1.7M | $14.8M | $14.8M | $14.8M | $10.3M | $1.3M |
| Long-term investments | $0 | $0 | $0 | $4.3M | $7.8M | $0 | $0 |
| Other non-current assets | $83,000 | $75,000 | $119,000 | $124,000 | $113,000 | $1.0M | $274,000 |
| Total assets | $6.7M | $13.1M | $55.4M | $76.5M | $123.4M | $169.9M | $79.1M |
| Liabilities | |||||||
| Short-term debt | $209,000 | $233,000 | $4.4M | $614,000 | $2.7M | $3.8M | $768,000 |
| Total current liabilities | $6.3M | $7.4M | $13.6M | $12.4M | $13.6M | $12.1M | $4.6M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $643,000 | $966,000 | $425,000 | $991,000 | $1.0M | $1.5M | — |
| Other long-term liabilities | $3.6M | $835,000 | $597,000 | $512.2M | $322.7M | $285.8M | $135.2M |
| Total liabilities | $9.9M | $8.2M | $14.2M | $524.6M | $336.3M | $297.9M | $139.8M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $21,000 | $11,000 | $9,000 | $41,000 | $40,000 | $39,000 | $36,000 |
| Retained earnings (deficit) | −$711.8M | −$700.8M | −$647.0M | −$474.6M | −$235.4M | −$141.5M | −$66.7M |
| Accumulated other comprehensive income | $3.4M | $3.4M | $26.7M | $3.4M | $12.3M | $5.1M | $251,000 |
| Total shareholders' equity | −$3.2M | $4.9M | $41.2M | −$448.1M | −$212.9M | −$127.9M | −$60.7M |
| Key figures | |||||||
| Total debt | $643,000 | $966,000 | $4.7M | $991,000 | $325.4M | $289.6M | $136.0M |
| Net cash (debt) | $2.6M | $8.8M | $33.2M | $53.6M | −$230.9M | −$135.2M | −$61.8M |
| Working capital | −$275,000 | $2.9M | $26.4M | $43.4M | $85.8M | $144.6M | $70.9M |
| Tangible book value | −$3.2M | $3.1M | $26.5M | −$462.9M | −$227.7M | −$138.3M | −$62.1M |
| Book value per share | −$2.21 | $5.25 | $55.42 | −$516.29 | −$245.24 | −$147.40 | −$69.96 |
| Shares outstanding | 1.4M | 926K | 744K | 868K | 868K | 868K | 868K |
| Current ratio | 0.96 | 1.39 | 2.95 | 4.51 | 7.33 | 12.97 | 16.48 |
| Quick ratio | 0.91 | 1.34 | 2.82 | 4.46 | 7.01 | 12.81 | 16.27 |
| Debt / equity | — | 0.20 | 0.11 | — | — | — | — |
| Equity / assets | −47.5% | 37.1% | 74.4% | −586.0% | −172.4% | −75.3% | −76.8% |
| Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $3.3M | $3.3M | $2.1M | $2.1M | $9.8M | $9.8M | $9.8M | $25.9M | $25.9M | $37.8M | $37.8M | $52.6M |
| Cash & equivalents | $3.3M | $3.3M | $2.1M | $2.1M | $9.8M | $9.8M | $9.8M | $25.9M | $25.9M | $32.1M | $32.1M | $25.3M |
| Short-term investments | — | — | — | — | $14,000 | $14,000 | $14,000 | $0 | — | $5.8M | $7,000 | $27.3M |
| Receivables | $2.5M | $2.3M | $7.2M | $7.2M | $127,000 | $127,000 | $0 | $351,000 | $0 | $466,000 | $0 | $507,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$6.2M | $0 | −$20.9M |
| Other current assets | $285,000 | $470,000 | $835,001 | $835,000 | $374,000 | $374,000 | $487,000 | $2.1M | $2.5M | $7.9M | $2.1M | $23.1M |
| Total current assets | $6.1M | $6.1M | $10.1M | $10.1M | $10.3M | $10.3M | $10.3M | $28.4M | $28.4M | $39.9M | $39.9M | $55.4M |
| Property, plant & equipment (net) | $580,000 | $580,000 | $680,000 | $680,000 | $1.0M | $1.0M | $1.0M | $1.3M | $1.3M | $586,000 | $586,000 | $1.1M |
| Goodwill & intangible assets | $0 | $0 | $228,000 | $0 | $1.7M | $1.7M | $1.7M | $4.7M | $4.7M | $14.8M | $14.8M | $14.8M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $83,000 | $83,000 | $82,000 | $310,000 | $75,000 | $75,000 | $75,001 | $113,000 | $113,000 | $119,000 | $119,000 | $119,000 |
| Total assets | $6.7M | $6.7M | $11.1M | $11.1M | $13.1M | $13.1M | $13.1M | $34.6M | $34.6M | $55.4M | $55.4M | $71.4M |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | — | — | — | — | — | — | — | — | $947,000 |
| Short-term debt | $209,000 | — | $203,000 | — | $233,000 | $233,000 | $233,000 | $3.8M | $3.5M | $4.4M | $4.2M | $385,000 |
| Total current liabilities | $6.3M | $6.3M | $10.5M | $10.5M | $7.4M | $7.4M | $7.4M | $12.6M | $12.6M | $13.6M | $13.6M | $14.1M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | — | $643,000 | — | $744,000 | — | $966,000 | — | $1.2M | — | $425,000 | — | $679,000 |
| Other long-term liabilities | $3.6M | $3.6M | $5.0M | $5.0M | $835,000 | $835,000 | $835,000 | $1.1M | $1.1M | $597,000 | $597,000 | $1.5M |
| Total liabilities | $9.9M | $9.9M | $15.5M | $15.5M | $8.2M | $8.2M | $8.2M | $13.8M | $13.8M | $14.2M | $14.2M | $15.7M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $21,000 | — | $11,000 | — | $11,000 | $11,000 | $11,000 | $11,000 | $11,000 | $9,000 | $9,000 | $9,000 |
| Retained earnings (deficit) | −$711.8M | −$711.8M | −$713.4M | −$713.4M | −$700.8M | −$700.8M | −$700.8M | −$682.2M | −$682.2M | −$647.0M | −$647.0M | −$625.1M |
| Accumulated other comprehensive income | $3.4M | — | $42.4M | — | $3.4M | $3.4M | $39.1M | $36.4M | $36.4M | $3.4M | $26.7M | $19.3M |
| Total shareholders' equity | −$3.2M | −$3.2M | −$4.4M | −$4.4M | $4.9M | $4.9M | $4.9M | $20.8M | $20.8M | $41.2M | $41.2M | $55.7M |
| Key figures | ||||||||||||
| Total debt | $643,000 | — | $744,000 | — | $966,000 | $966,000 | $966,000 | $4.7M | $4.5M | $4.7M | $4.5M | $679,000 |
| Net cash (debt) | $2.6M | — | $1.3M | — | $8.8M | $8.8M | $8.8M | $21.2M | $21.5M | $33.2M | $33.3M | $51.9M |
| Working capital | −$275,000 | −$275,000 | −$343,000 | −$343,000 | $2.9M | $2.9M | $2.9M | $15.8M | $15.8M | $26.4M | $26.4M | $41.2M |
| Tangible book value | −$3.2M | −$3.2M | −$4.6M | −$4.4M | $3.1M | $3.1M | $3.1M | $16.1M | $16.1M | $26.5M | $26.5M | $40.9M |
| Book value per share | — | −$1.48 | −$3.99 | −$3.99 | $4.41 | $4.41 | $4.41 | $22.20 | $22.20 | $45.91 | $45.91 | $94.40 |
| Shares outstanding | — | 2.1M | 1.1M | 1.1M | 1.1M | 1.1M | 1.1M | 937K | 937K | 898K | 898K | 590K |
| Current ratio | 0.96 | 0.96 | 0.97 | 0.97 | 1.39 | 1.39 | 1.39 | 2.25 | 2.25 | 2.95 | 2.95 | 3.92 |
| Quick ratio | 0.91 | 0.88 | 0.89 | 0.89 | 1.34 | 1.34 | 1.32 | 2.08 | 2.05 | 2.82 | 2.79 | 3.76 |
| Debt / equity | — | — | — | — | 0.20 | 0.20 | 0.20 | 0.23 | 0.21 | 0.11 | 0.11 | 0.01 |
| Equity / assets | −47.5% | −47.5% | −39.6% | −39.6% | 37.1% | 37.1% | 37.1% | 60.2% | 60.2% | 74.4% | 74.4% | 78.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 24, 2026); data from EODHD.
APLM financial position
At the end of fiscal 2025 (December 31, 2025), Apollomics had total assets of $6.7 million (down 48.7% from a year earlier), total liabilities of $9.9 million and shareholders' equity of -$3.2 million. It held $3.3 million in cash and short-term investments against $0.6 million of debt, a net cash position of $2.6 million. Its current ratio was 0.96. In the latest quarter (ended March 31, 2026) total assets were $6.7 million and equity -$3.2 million.
Related: APLM income statement, APLM cash flow statement, APLM key metrics. See the APLM stock overview for the latest quote and news.
APLM balance sheet FAQ
What are Apollomics's total assets?
Apollomics reported total assets of $6.7 million at the end of fiscal 2025 (December 31, 2025), compared with $13.1 million a year earlier.
How much debt does Apollomics have?
Apollomics had $0.6 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 Apollomics have?
Apollomics held $3.3 million in cash and short-term investments at the end of fiscal 2025; with $0.6 million of debt that is net cash of $2.6 million.
What is Apollomics's book value?
Apollomics's shareholders' equity (book value) was -$3.2 million at the end of fiscal 2025, or −$2.21 per share.
What is Apollomics's current ratio?
Apollomics had current assets of $6.1 million and current liabilities of $6.3 million, a current ratio of 0.96 (current liabilities exceed current assets).