Aether Holdings, Inc. (ATHR) Balance Sheet

NASDAQ: ATHRAssets, liabilities, debt and equity over 4 years.

ATHR balance sheet, FY2025

September 30, 2025 · U.S. dollars

$5.0M assets = $519,078 liabilities + $4.5M equity

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

ATHR financial health

Current ratio9.21

Comfortable · current assets cover current liabilities 9.21×

Equity / assets89.7%

Equity-funded · of assets funded by shareholders

Goodwill & intangibles0.8%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal FY2025.

ATHR balance sheet trends, FY2022–FY2025

Aether Holdings, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$267,986FY2022	$5.0MFY2025	+165.9%/yr
Total liabilities	$578,637FY2022	$519,078FY2025	−3.6%/yr
Shareholders’ equity	−$290,134FY2022	$4.5MFY2025	—
Cash & short-term investments	$260,259FY2022	$4.4MFY2025	+157.0%/yr
Working capital	−$318,378FY2022	$4.3MFY2025	+$4.6M
Book value per share	−$0.02FY2022	$0.41FY2025	—
Current ratio	0.45FY2022	9.21FY2025	+8.77
Shares outstanding	11.8MFY2022	11.0MFY2025	−2.4%/yr

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

ATHR assets

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

ATHR liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

ATHR debt vs cash

Total debtCash & ST investmentsNet cash (debt)

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

ATHR balance sheet

Aether Holdings, Inc. annual balance sheet
	FY2025	FY2024	FY2023	FY2022
Assets
Cash & short-term investments	$4.4M	$557,823	$98,106	$260,259
Cash & equivalents	$4.4M	$557,823	$98,106	$260,259
Receivables	$0	$0	$0	$0
Inventory	$0	$0	$0	$0
Other current assets	$365,073	$158,303	$12,760	$0
Total current assets	$4.8M	$716,126	$110,866	$260,259
Property, plant & equipment (net)	$4,069	$3,315	$5,409	$7,727
Goodwill & intangible assets	$40,850	$0	$0	$0
Long-term investments	$0	$0	$0	$0
Other non-current assets	$208,000	$0	$0	$0
Total assets	$5.0M	$719,441	$116,275	$267,986
Liabilities
Accounts payable	$67,430	$1,186	$116,839	$4,075
Short-term debt	—	—	—	$40,000
Deferred revenue	$358,628	$380,077	$403,440	$454,016
Total current liabilities	$519,078	$603,361	$789,340	$578,637
Long-term debt	$0	$0	$0	$0
Other long-term liabilities	$0	$0	$0	$0
Total liabilities	$519,078	$603,361	$789,340	$578,637
Shareholders' equity
Common stock & paid-in capital	$12,101	$12,037	$9,583	$9,500
Retained earnings (deficit)	−$5.2M	−$2.1M	−$1.1M	−$299,634
Minority interest	—	—	$0	−$20,517
Total shareholders' equity	$4.5M	$116,080	−$673,065	−$290,134
Key figures
Total debt	—	—	—	$40,000
Net cash (debt)	—	—	—	$220,259
Working capital	$4.3M	$112,765	−$678,474	−$318,378
Tangible book value	$4.5M	$116,080	−$673,065	−$290,134
Book value per share	$0.41	$0.01	−$0.06	−$0.02
Shares outstanding	11.0M	11.8M	11.8M	11.8M
Current ratio	9.21	1.19	0.14	0.45
Quick ratio	8.51	0.92	0.12	0.45
Equity / assets	89.7%	16.1%	−578.9%	−108.3%

Aether Holdings, Inc. quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24	Mar '24	Sep '23
Assets
Cash & short-term investments	$2.4M	$807,957	$1.8M	$4.4M	$6.2M	$193,263	$393,711	$557,823	$817,234	$784,853	$98,106
Cash & equivalents	$2.4M	$807,957	$1.8M	$4.4M	$6.2M	$193,263	$393,711	$557,823	$817,234	$784,853	$98,106
Receivables	$0	$12,931	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current assets	$258,216	$262,313	$351,657	$365,073	$280,166	$172,230	$160,440	$158,303	$116,269	$140,821	$12,760
Total current assets	$2.7M	$1.1M	$2.2M	$4.8M	$6.5M	$365,493	$554,151	$716,126	$933,503	$925,674	$110,866
Property, plant & equipment (net)	$1.3M	$1.3M	$1.4M	$112,069	$2,233	$2,268	$2,792	$3,315	$3,838	$4,362	$5,409
Goodwill & intangible assets	$512,505	$535,763	$578,059	$40,850	$0	$0	$0	$0	$0	$0	$0
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$196,887	$97,205	$0	$100,000	$9,000	$0	$0	$0	$0	$0	$0
Total assets	$4.6M	$3.0M	$4.0M	$5.0M	$6.5M	$367,761	$556,943	$719,441	$937,341	$930,036	$116,275
Liabilities
Accounts payable	$362,250	$176,048	$132,856	$67,430	$146,081	$71,489	$15,479	$1,186	$65,803	$36,692	$116,839
Short-term debt	—	$5,172	$5,170	—	—	$20,516	—	—	$94,026	—	—
Deferred revenue	—	$384,936	$360,292	$358,628	$395,863	$395,077	$368,058	$380,077	$439,576	$433,630	$403,440
Total current liabilities	$791,606	$640,758	$637,092	$519,078	$582,693	$964,061	$725,852	$603,361	$608,809	$593,563	$789,340
Long-term debt	$2.8M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other long-term liabilities	$35,469	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Total liabilities	$3.6M	$640,758	$637,092	$519,078	$582,693	$964,061	$725,852	$603,361	$608,809	$593,563	$789,340
Shareholders' equity
Common stock & paid-in capital	$12,147	$12,144	$12,144	$12,101	$12,101	$10,031	$10,031	$12,037	$12,037	$11,437	$9,583
Retained earnings (deficit)	−$8.9M	−$7.5M	−$6.5M	−$5.2M	−$3.8M	−$2.8M	−$2.3M	−$2.1M	−$1.7M	−$1.4M	−$1.1M
Total shareholders' equity	$1.0M	$2.3M	$3.4M	$4.5M	$5.9M	−$596,300	−$168,909	$116,080	$328,532	$336,473	−$673,065
Key figures
Total debt	$2.8M	$5,172	$5,170	—	—	$20,516	—	—	$94,026	—	—
Net cash (debt)	−$390,348	$802,785	$1.8M	—	—	$172,747	—	—	$723,208	—	—
Working capital	$1.9M	$442,443	$1.5M	$4.3M	$5.9M	−$598,568	−$171,701	$112,765	$324,694	$332,111	−$678,474
Tangible book value	$496,311	$1.8M	$2.8M	$4.5M	$5.9M	−$596,300	−$168,909	$116,080	$328,532	$336,473	−$673,065
Book value per share	$0.08	$0.19	$0.28	$0.37	$0.50	−$0.06	−$0.01	$0.01	$0.03	$0.03	−$0.06
Shares outstanding	12.1M	12.1M	12.1M	12.1M	11.9M	10.0M	11.8M	11.8M	11.8M	11.8M	11.8M
Current ratio	3.37	1.69	3.38	9.21	11.18	0.38	0.76	1.19	1.53	1.56	0.14
Quick ratio	3.04	1.28	2.82	8.51	10.69	0.20	0.54	0.92	1.34	1.32	0.12
Debt / equity	2.78	0.00	0.00	—	—	—	—	—	0.29	—	—
Equity / assets	21.8%	78.5%	84.1%	89.7%	91.1%	−162.1%	−30.3%	16.1%	35.0%	36.2%	−578.9%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 17, 2025); data from EODHD.

ATHR financial position

At the end of fiscal 2025 (September 30, 2025), Aether had total assets of $5.0 million (up 600.0% from a year earlier), total liabilities of $0.5 million and shareholders' equity of $4.5 million. Its current ratio was 9.21. In the latest quarter (ended June 30, 2026) total assets were $4.6 million and equity $1.0 million.

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

ATHR balance sheet FAQ

What are Aether's total assets?

Aether reported total assets of $5.0 million at the end of fiscal 2025 (September 30, 2025), compared with $0.7 million a year earlier.

How much cash does Aether have?

Aether held $4.4 million in cash and short-term investments at the end of fiscal 2025.

What is Aether's book value?

Aether's shareholders' equity (book value) was $4.5 million at the end of fiscal 2025, or $0.41 per share.

What is Aether's current ratio?

Aether had current assets of $4.8 million and current liabilities of $0.5 million, a current ratio of 9.21 (it can cover its short-term obligations).

How much goodwill does Aether have?

Aether carried $0.0 million of goodwill and intangible assets, 0.8% of total assets, at the end of fiscal 2025.