AquaBounty Technologies, Inc. (AQB) Balance Sheet
AQB balance sheet, 2025
December 31, 2025 · U.S. dollars$10.3M assets = $12.2M liabilities + −$1.9M equity
Liabilities exceed assets: shareholders’ equity is negative (−$1.9M).
Both columns are drawn to the same scale: what AQB owns equals what it owes plus shareholders’ equity. Hover a block for its value.
AQB financial health
Descriptive bands, not a rating. Fiscal 2025.
AQB balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.7M2016 | $10.3M2025 | +6.8%/yr | |
| Total liabilities | $3.7M2016 | $12.2M2025 | +14.3%/yr | |
| Shareholders’ equity | $2.0M2016 | −$1.9M2025 | — | |
| Cash & short-term investments | $3.3M2016 | $501,2952025 | −19.0%/yr | |
| Total debt | $2.7M2016 | $3.5M2025 | +3.1%/yr | |
| Net cash (debt) | $672,3422016 | −$3.0M2025 | −$3.7M | |
| Working capital | $2.5M2016 | $1.6M2025 | −$965,003 | |
| Book value per share | $63.222020 | −$0.492025 | — | |
| Current ratio | 3.452016 | 1.182025 | −2.27 | |
| Debt / equity | 1.312016 | 0.212024 | −1.10 | |
| Shares outstanding | 1.8M2020 | 3.9M2025 | +16.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
AQB assets
AQB liabilities and equity
AQB debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
AQB balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $501,295 | $230,362 | $8.2M | $101.7M | $190.2M | $95.8M | $2.8M | $3.0M | $506,283 | $3.3M |
| Cash & equivalents | $501,295 | $230,362 | $8.2M | $101.6M | $88.5M | $95.8M | $2.8M | $3.0M | $492,861 | $3.3M |
| Short-term investments | — | $230.1M | $9,651 | $21,645 | $101.8M | $0 | — | $12,361 | $13,422 | $10,666 |
| Receivables | $0 | $0 | $855,855 | $1 | $1 | $46,678 | $55,198 | $115,982 | $183,926 | $164,743 |
| Inventory | $0 | $0 | $1.7M | $2.3M | $1.3M | $1.5M | $1.2M | $76,109 | $172,363 | $0 |
| Other current assets | $9.8M | $11.1M | $20.2M | $2.1M | $1.5M | $358,692 | $391,162 | $315,969 | $527,322 | $72,983 |
| Total current assets | $10.3M | $11.3M | $31.0M | $106.0M | $193.0M | $97.7M | $4.5M | $3.5M | $1.4M | $3.6M |
| Property, plant & equipment (net) | $22,982 | $51,509 | $144.2M | $106.5M | $34.1M | $27.3M | $25.5M | $23.7M | $21.8M | $1.7M |
| Goodwill & intangible assets | $0 | $0 | $204,436 | −$217.7M | −$231.4M | $245,546 | $259,249 | $363,092 | $376,795 | $390,498 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $9,000 | $22,000 | $21,628 | $21,628 |
| Other non-current assets | $0 | $22.7M | $12.2M | $219.0M | $232.7M | $576,715 | $23,024 | $58,583 | $140,465 | $0 |
| Total assets | $10.3M | $34.1M | $187.6M | $213.8M | $228.4M | $125.8M | $30.2M | $27.7M | $23.7M | $5.7M |
| Liabilities | ||||||||||
| Accounts payable | $337,038 | $10.1M | $12.1M | $12.0M | $4.3M | $799,888 | $809,444 | $366,917 | $1.1M | $1.0M |
| Short-term debt | $22,982 | $1.3M | $550,830 | $2.4M | $693,634 | $322,422 | $225,441 | $71,613 | $49,794 | $17,913 |
| Deferred revenue | — | — | — | −$12.0M | $874,589 | $960,215 | $653,365 | $23,678 | −$1.3M | −$856,083 |
| Total current liabilities | $8.7M | $16.2M | $14.8M | $15.4M | $5.9M | $2.1M | $1.7M | $916,936 | $2.7M | $1.0M |
| Long-term debt | $3.5M | $2.0M | $4.5M | $6.3M | $8.5M | $8.5M | $4.4M | $3.5M | $3.0M | $2.6M |
| Lease obligations | $0 | $22,982 | $51,509 | $224,058 | $290,327 | $290,327 | $352,808 | — | — | — |
| Other long-term liabilities | $0 | $22,982 | $3.3M | $202,498 | $223,829 | $290,327 | $352,810 | $1 | $0 | $0 |
| Total liabilities | $12.2M | $18.2M | $22.5M | $21.9M | $14.6M | $10.9M | $6.5M | $4.4M | $5.8M | $3.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $3,878 | $3,866 | $3,847 | $3,834 | $71,026 | $55,497 | $21,635 | $15,099 | $8,895 | $6,464 |
| Retained earnings (deficit) | −$388.3M | −$369.8M | −$220.6M | −$193.0M | −$170.9M | −$148.5M | −$132.1M | −$118.9M | −$108.5M | −$99.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | — |
| Accumulated other comprehensive income | — | −$688,229 | −$405,464 | −$516,775 | −$255,588 | −$267,258 | −$360,160 | −$574,186 | −$213,884 | −$286,272 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | — |
| Total shareholders' equity | −$1.9M | $15.8M | $165.0M | $191.9M | $213.8M | $114.9M | $23.8M | $23.2M | $18.0M | $2.0M |
| Key figures | ||||||||||
| Total debt | $3.5M | $3.3M | $5.1M | $8.9M | $9.4M | $9.1M | $5.0M | $3.6M | $3.1M | $2.7M |
| Net cash (debt) | −$3.0M | −$3.1M | $3.1M | $92.8M | $180.8M | $86.6M | −$2.2M | −$588,877 | −$2.6M | $672,342 |
| Working capital | $1.6M | −$4.9M | $16.2M | $90.6M | $187.1M | $95.6M | $2.8M | $2.6M | −$1.3M | $2.5M |
| Tangible book value | −$1.9M | $15.8M | $164.8M | $409.6M | $445.2M | $114.6M | $23.5M | $22.9M | $17.6M | $1.6M |
| Book value per share | −$0.49 | $4.10 | $42.93 | $54.02 | $61.60 | $63.22 | — | — | — | — |
| Shares outstanding | 3.9M | 3.9M | 3.8M | 3.6M | 3.5M | 1.8M | — | — | — | — |
| Current ratio | 1.18 | 0.70 | 2.10 | 6.87 | 32.79 | 46.91 | 2.65 | 3.83 | 0.51 | 3.45 |
| Quick ratio | 0.06 | 0.01 | 0.61 | 6.59 | 32.32 | 46.00 | 1.69 | 3.40 | 0.25 | 3.38 |
| Debt / equity | — | 0.21 | 0.03 | 0.05 | 0.04 | 0.08 | 0.21 | 0.15 | 0.17 | 1.31 |
| Equity / assets | −18.3% | 46.5% | 88.0% | 89.7% | 93.6% | 91.3% | 78.6% | 84.0% | 75.8% | 35.5% |
| 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 | $1.9M | $440,678 | $501,295 | $951,434 | $729,569 | $1.4M | $230,362 | $500,434 | $804,890 | $2.6M | $8.2M | $16.8M |
| Cash & equivalents | $1.9M | $440,678 | $501,295 | $951,434 | $729,569 | $1.4M | $230,362 | $500,434 | $728,339 | $2.6M | $8.2M | $16.8M |
| Short-term investments | — | — | — | — | — | — | — | $21,893 | $76,551 | $11,166 | — | — |
| Receivables | $100,000 | $0 | $0 | $2,453 | $2.5M | $884,768 | $0 | $526,261 | $52,942 | $1.0M | $855,855 | $613,680 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $466,270 | $212,814 | $581,280 | $1.7M | $1.9M |
| Other current assets | $9.7M | $9.8M | $9.8M | $521,574 | $742,663 | $4.5M | $11.1M | $35.8M | $35.7M | $113,630 | $20.2M | $3.1M |
| Total current assets | $11.7M | $10.2M | $10.3M | $1.5M | $3.9M | $6.7M | $11.3M | $37.3M | $36.7M | $4.3M | $31.0M | $22.4M |
| Property, plant & equipment (net) | $7,820 | $15,480 | $22,982 | $22.7M | $22.7M | $22.7M | $51,509 | $80.2M | $90.5M | $170.6M | $144.2M | $168.9M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $194,158 | $197,584 | −$200.6M | $0 | $207,861 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $22.7M | $1,894 | $1,794 | $201.9M | $12.4M | $1.0M |
| Total assets | $11.7M | $10.2M | $10.3M | $24.2M | $26.7M | $29.4M | $34.1M | $117.8M | $127.4M | $176.2M | $187.6M | $192.5M |
| Liabilities | ||||||||||||
| Accounts payable | $523,781 | $227,798 | $337,038 | $3.1M | $3.3M | $10.1M | $10.1M | $11.8M | $12.9M | $13.1M | $12.1M | $9.9M |
| Short-term debt | — | $15,480 | $22,982 | $7.9M | $8.6M | $1.1M | $1.3M | $377,274 | $5.4M | $3.1M | — | $761,099 |
| Deferred revenue | — | — | — | — | — | — | — | −$11.8M | — | $1 | — | −$9.9M |
| Total current liabilities | $2.7M | $8.6M | $8.7M | $11.9M | $13.0M | $12.4M | $16.2M | $12.4M | $18.7M | $16.8M | $14.8M | $11.4M |
| Long-term debt | $0 | $3.8M | $3.5M | $0 | $0 | $0 | $2.0M | $5.3M | $5.2M | $5.3M | $4.5M | $7.8M |
| Lease obligations | — | — | $0 | $30,330 | $37,531 | $15,479 | $22,982 | $30,329 | $234,092 | $242,236 | $51,509 | $204,396 |
| Other long-term liabilities | $6.1M | $0 | $0 | $0 | $7,820 | $15,478 | $22,982 | $30,329 | $234,332 | $242,497 | $3.3M | $199,624 |
| Total liabilities | $8.9M | $12.4M | $12.2M | $11.9M | $13.0M | $12.5M | $18.2M | $17.7M | $24.1M | $22.3M | $22.5M | $19.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $5,147 | $5,147 | $3,878 | $3,878 | $3,878 | $3,869 | $3,866 | $3,866 | $3,866 | $3,857 | — | $3,847 |
| Retained earnings (deficit) | −$391.1M | −$389.5M | −$388.3M | −$374.1M | −$372.7M | −$369.4M | −$369.8M | −$285.7M | −$282.3M | −$231.7M | −$220.6M | −$212.2M |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$688,229 | −$513,405 | −$579,106 | −$521,771 | — | −$539,204 |
| Total shareholders' equity | $2.8M | −$2.1M | −$1.9M | $12.2M | $13.6M | $17.0M | $15.8M | $100.1M | $103.3M | $153.8M | $165.0M | $173.2M |
| Key figures | ||||||||||||
| Total debt | — | $3.8M | $3.5M | $7.9M | $8.5M | $1.1M | $3.3M | $5.7M | $10.8M | $8.6M | $4.5M | $8.7M |
| Net cash (debt) | — | −$3.4M | −$3.0M | −$7.0M | −$7.8M | $229,098 | −$3.1M | −$5.2M | −$10.0M | −$6.0M | $3.7M | $8.0M |
| Working capital | $9.0M | $1.6M | $1.6M | −$10.5M | −$9.1M | −$5.7M | −$4.9M | $25.0M | $18.0M | −$12.5M | $16.2M | $11.0M |
| Tangible book value | $2.8M | −$2.1M | −$1.9M | $12.2M | $13.6M | $17.0M | $15.8M | $99.9M | $103.1M | $354.5M | $165.0M | $173.0M |
| Book value per share | $0.55 | −$0.47 | −$0.49 | $3.16 | $3.52 | $4.39 | $4.10 | $25.89 | $26.77 | $39.97 | $42.89 | $45.02 |
| Shares outstanding | 5.1M | 4.6M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.9M | 3.8M | 3.8M | 3.8M |
| Current ratio | 4.26 | 1.19 | 1.18 | 0.12 | 0.30 | 0.54 | 0.70 | 3.02 | 1.96 | 0.26 | 2.10 | 1.97 |
| Quick ratio | 0.72 | 0.05 | 0.06 | 0.08 | 0.25 | 0.18 | 0.01 | 0.08 | 0.05 | 0.22 | 0.61 | 1.53 |
| Debt / equity | — | — | — | 0.65 | 0.63 | 0.07 | 0.21 | 0.06 | 0.10 | 0.06 | 0.03 | 0.05 |
| Equity / assets | 24.0% | −20.7% | −18.3% | 50.6% | 51.1% | 57.7% | 46.5% | 85.0% | 81.1% | 87.3% | 88.0% | 89.9% |
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.
AQB financial position
At the end of fiscal 2025 (December 31, 2025), AquaBounty Technologies had total assets of $10.3 million (down 69.6% from a year earlier), total liabilities of $12.2 million and shareholders' equity of -$1.9 million. It held $0.5 million in cash and short-term investments against $3.5 million of debt, net debt of $3.0 million. Its current ratio was 1.18. In the latest quarter (ended June 30, 2026) total assets were $11.7 million and equity $2.8 million.
Related: AQB income statement, AQB cash flow statement, AQB key metrics. See the AQB stock overview for the latest quote and news.
AQB balance sheet FAQ
What are AquaBounty Technologies's total assets?
AquaBounty Technologies reported total assets of $10.3 million at the end of fiscal 2025 (December 31, 2025), compared with $34.1 million a year earlier.
How much debt does AquaBounty Technologies have?
AquaBounty Technologies had $3.5 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does AquaBounty Technologies have?
AquaBounty Technologies held $0.5 million in cash and short-term investments at the end of fiscal 2025; with $3.5 million of debt that is net debt of $3.0 million.
What is AquaBounty Technologies's book value?
AquaBounty Technologies's shareholders' equity (book value) was -$1.9 million at the end of fiscal 2025, or −$0.49 per share.
What is AquaBounty Technologies's current ratio?
AquaBounty Technologies had current assets of $10.3 million and current liabilities of $8.7 million, a current ratio of 1.18 (it can cover its short-term obligations).