ArrowMark Financial Corp. (BANX) Balance Sheet
BANX balance sheet, 2025
December 31, 2025 · U.S. dollars$203.7M assets = $32.2M liabilities + $171.5M equity
Both columns are drawn to the same scale: what BANX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BANX financial health
Descriptive bands, not a rating. Fiscal 2025.
BANX balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $205.9M2016 | $203.7M2025 | −0.1%/yr | |
| Total liabilities | $67.4M2016 | $32.2M2025 | −7.9%/yr | |
| Shareholders’ equity | $138.6M2016 | $171.5M2025 | +2.4%/yr | |
| Cash & short-term investments | $3.8M2016 | $3.2M2025 | −1.7%/yr | |
| Total debt | $61.5M2016 | $25.2M2025 | −9.4%/yr | |
| Net cash (debt) | −$57.7M2016 | −$22.0M2025 | +$35.8M | |
| Working capital | $2.9M2016 | −$2.0M2024 | −$5.0M | |
| Book value per share | $20.942016 | $21.962025 | +0.5%/yr | |
| Debt / equity | 0.442016 | 0.152025 | −0.30 | |
| Shares outstanding | 6.6M2016 | 7.8M2025 | +1.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BANX assets
BANX liabilities and equity
BANX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BANX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $3.2M | $2.7M | $807,308 | $3.8M | $83,778 | $2.3M | $35,328 | $2.8M | $30,142 | $3.8M |
| Cash & equivalents | $3.2M | $8.9M | $443,413 | $3.8M | $5.8M | $2.3M | $35,328 | $2.8M | $30,142 | $3.8M |
| Short-term investments | — | — | $363,895 | $25,763 | $10,887 | $1.9M | — | — | $3.2M | — |
| Receivables | $4.3M | $3.5M | $5.6M | $3.2M | $2.5M | $7.0M | $1.8M | $3.5M | $2.4M | $3.9M |
| Inventory | $0 | $0 | $0 | $7.1M | $8.3M | $17.9M | $4.8M | −$196.2M | −$170.4M | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $393.3M | $341.9M | $801,403 |
| Total current assets | $7.5M | $2.7M | $6.0M | $3.6M | $2.6M | $9.9M | $1.8M | $203.4M | $173.9M | $8.5M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $196.4M | $201.7M | $196.9M | $203.6M | $215.4M | $178.5M | $162.3M | $189.1M | $166.9M | $197.5M |
| Other non-current assets | $0 | $3.9M | $786,000 | $1.2M | $727,349 | $0 | $618,350 | $0 | $0 | $0 |
| Total assets | $203.7M | $208.2M | $203.7M | $208.5M | $218.7M | $188.4M | $164.7M | $196.2M | $170.4M | $205.9M |
| Liabilities | ||||||||||
| Accounts payable | $3.5M | $4.7M | $4.7M | $3.5M | $3.4M | $3.0M | $2.5M | $3.5M | $2.5M | $4.7M |
| Short-term debt | — | — | $45.0M | $55.6M | $60.0M | $43.0M | $17.7M | $51.0M | $25.8M | $61.5M |
| Deferred revenue | — | — | −$40.3M | −$52.1M | −$56.6M | −$40.0M | −$15.2M | −$47.5M | −$25.8M | — |
| Total current liabilities | — | $4.7M | $4.7M | $3.5M | $4.4M | $3.9M | $3.3M | $4.4M | $3.3M | $5.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $25.8M | $61.5M |
| Other long-term liabilities | $32.2M | $48.4M | $46.6M | $57.3M | $60.0M | $43.0M | $17.7M | $51.0M | $0 | $0 |
| Total liabilities | $32.2M | $53.1M | $51.3M | $60.8M | $65.2M | $47.6M | $21.5M | $55.8M | $29.4M | $67.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $7,810 | $7,121 | $7,112 | $7,103 | $7,075 | $6,565 | $6,559 | $6,550 | $6,542 | $6,528 |
| Retained earnings (deficit) | $575,089 | −$847,211 | −$3.9M | −$8.8M | −$2.7M | −$4.2M | −$1.7M | −$3.3M | −$1.1M | −$1.6M |
| Accumulated other comprehensive income | — | — | $152.4M | $147.7M | $153.5M | $140.8M | $143.2M | $140.4M | $141.0M | — |
| Total shareholders' equity | $171.5M | $155.1M | $152.4M | $147.7M | $153.5M | $140.8M | $143.2M | $140.4M | $141.0M | $138.6M |
| Key figures | ||||||||||
| Total debt | $25.2M | $46.8M | $45.0M | $55.6M | $60.0M | $43.0M | $17.7M | $51.0M | $25.8M | $61.5M |
| Net cash (debt) | −$22.0M | −$44.1M | −$44.2M | −$51.8M | −$59.9M | −$40.7M | −$17.7M | −$48.2M | −$25.7M | −$57.7M |
| Working capital | — | −$2.0M | $1.3M | $91,494 | −$1.8M | $5.9M | −$1.5M | $199.0M | $170.7M | $2.9M |
| Tangible book value | $171.5M | $155.1M | $152.4M | $147.7M | $153.5M | $140.8M | $143.2M | $140.4M | $141.0M | $138.6M |
| Book value per share | $21.96 | $21.77 | $21.38 | $20.64 | $22.84 | $21.35 | $21.81 | $21.41 | $21.57 | $20.94 |
| Shares outstanding | 7.8M | 7.1M | 7.1M | 7.2M | 6.7M | 6.6M | 6.6M | 6.6M | 6.5M | 6.6M |
| Current ratio | — | 0.57 | 1.28 | 1.03 | 0.59 | 2.50 | 0.56 | 46.57 | 52.88 | 1.53 |
| Quick ratio | — | 1.32 | 1.36 | 2.01 | 0.59 | 2.35 | 0.56 | 1.45 | 0.75 | 1.38 |
| Debt / equity | 0.15 | 0.30 | 0.30 | 0.38 | 0.39 | 0.31 | 0.12 | 0.36 | 0.18 | 0.44 |
| Equity / assets | 84.2% | 74.5% | 74.8% | 70.8% | 70.2% | 74.7% | 86.9% | 71.5% | 82.8% | 67.3% |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.3M | $3.2M | $17.9M | $2.7M | $1.8M | $443,413 | $138,301 | $369,655 | $5.3M | $127,284 |
| Cash & equivalents | $2.3M | $3.2M | $17.9M | $8.9M | $1.8M | $443,413 | $138,301 | $3.8M | $5.3M | $149,727 |
| Short-term investments | — | — | — | — | — | — | — | −$25,763 | $21,418 | −$22,443 |
| Receivables | $3.9M | $4.3M | $3.7M | $3.5M | $4.0M | $5.6M | $3.6M | $3.2M | $12.2M | $2.9M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $6.3M | $0 | $0 | $17.5M | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $919,637 | $1.2M | $0 | $1.5M |
| Total current assets | $6.2M | $7.5M | $9.3M | $2.7M | $1.8M | $6.0M | $4.6M | $4.9M | $17.5M | $4.6M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $242.3M | $196.4M | $211.5M | $201.7M | $207.5M | $196.9M | $196.7M | $203.6M | $193.2M | $197.1M |
| Other non-current assets | $339,378 | $0 | $3.7M | $3.9M | $4.6M | $786,000 | $0 | $0 | $1.5M | $0 |
| Total assets | $248.8M | $203.7M | $224.4M | $208.2M | $213.8M | $203.7M | $201.3M | $208.5M | $212.3M | $201.6M |
| Liabilities | ||||||||||
| Accounts payable | — | $3.5M | $77 | $4.7M | $67,655 | $4.7M | $38,422 | $3.5M | $296,986 | $33,990 |
| Total current liabilities | — | — | — | $4.7M | $67,655 | $4.7M | $38,422 | $3.5M | $296,986 | $33,990 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $45.3M | $32.2M | $64.7M | $48.4M | $60.2M | $46.6M | $48.9M | $57.3M | $296,986 | $53.0M |
| Total liabilities | $45.3M | $32.2M | $66.0M | $53.1M | $60.2M | $51.3M | $50.0M | $60.8M | $64.9M | $53.0M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $9,689 | $7,810 | $7,129 | $7,121 | $7,119 | $7,112 | $7,108 | $7,103 | $7,103 | $7,101 |
| Retained earnings (deficit) | −$2.5M | $575,089 | $2.3M | −$847,211 | −$2.8M | −$3.9M | −$5.3M | −$8.8M | −$9.4M | −$8.0M |
| Total shareholders' equity | $203.5M | $171.5M | $158.4M | $155.1M | $153.6M | $152.4M | $151.3M | $147.7M | $147.3M | $148.7M |
| Key figures | ||||||||||
| Total debt | $40.8M | $25.2M | $64.5M | $46.8M | $58.8M | $45.0M | $48.9M | $55.6M | $62.3M | $51.5M |
| Net cash (debt) | −$38.5M | −$22.0M | −$46.6M | −$44.1M | −$57.0M | −$44.6M | −$48.8M | −$55.2M | −$57.0M | −$51.4M |
| Working capital | — | — | — | −$2.0M | $1.7M | $1.3M | $4.6M | $1.3M | $17.2M | $4.5M |
| Tangible book value | $203.5M | $171.5M | $158.4M | $155.1M | $153.6M | $152.4M | $151.3M | $147.7M | $147.3M | $148.7M |
| Book value per share | $21.00 | $21.96 | $22.22 | $21.78 | $21.58 | $21.38 | $21.29 | $20.79 | $19.89 | $20.94 |
| Shares outstanding | 9.7M | 7.8M | 7.1M | 7.1M | 7.1M | 7.1M | 7.1M | 7.1M | 7.4M | 7.1M |
| Current ratio | — | — | — | 0.57 | 26.26 | 1.28 | 119.94 | 1.38 | 59.00 | 134.07 |
| Quick ratio | — | — | — | 1.32 | 85.99 | 1.28 | 96.01 | 1.03 | 59.07 | 88.90 |
| Debt / equity | 0.20 | 0.15 | 0.41 | 0.30 | 0.38 | 0.30 | 0.32 | 0.38 | 0.42 | 0.35 |
| Equity / assets | 81.8% | 84.2% | 70.6% | 74.5% | 71.8% | 74.8% | 75.2% | 70.8% | 69.4% | 73.7% |
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.
BANX financial position
At the end of fiscal 2025 (December 31, 2025), ArrowMark Financial had total assets of $203.7 million (down 2.1% from a year earlier), total liabilities of $32.2 million and shareholders' equity of $171.5 million. It held $3.2 million in cash and short-term investments against $25.2 million of debt, net debt of $22.0 million. In the latest quarter (ended June 30, 2026) total assets were $248.8 million and equity $203.5 million.
Related: BANX income statement, BANX cash flow statement, BANX key metrics. See the BANX stock overview for the latest quote and news.
BANX balance sheet FAQ
What are ArrowMark Financial's total assets?
ArrowMark Financial reported total assets of $203.7 million at the end of fiscal 2025 (December 31, 2025), compared with $208.2 million a year earlier.
How much debt does ArrowMark Financial have?
ArrowMark Financial had $25.2 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.15.
How much cash does ArrowMark Financial have?
ArrowMark Financial held $3.2 million in cash and short-term investments at the end of fiscal 2025; with $25.2 million of debt that is net debt of $22.0 million.
What is ArrowMark Financial's book value?
ArrowMark Financial's shareholders' equity (book value) was $171.5 million at the end of fiscal 2025, or $21.96 per share.