BIO-key International, Inc. (BKYI) Balance Sheet
BKYI balance sheet, 2025
December 31, 2025 · U.S. dollars$10.9M assets = $3.2M liabilities + $7.7M equity
Both columns are drawn to the same scale: what BKYI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BKYI financial health
Descriptive bands, not a rating. Fiscal 2025.
BKYI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $17.3M2016 | $10.9M2025 | −5.0%/yr | |
| Total liabilities | $1.8M2016 | $3.2M2025 | +6.4%/yr | |
| Shareholders’ equity | $15.5M2016 | $7.7M2025 | −7.5%/yr | |
| Cash & short-term investments | $1.1M2016 | $2.7M2025 | +10.9%/yr | |
| Total debt | $26,9882016 | $703,6262025 | +43.7%/yr | |
| Net cash (debt) | $1.0M2016 | $2.0M2025 | +$956,718 | |
| Working capital | $3.1M2016 | $1.5M2025 | −$1.6M | |
| Current ratio | 2.672016 | 1.492025 | −1.19 | |
| Debt / equity | 0.002016 | 0.092025 | +0.09 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BKYI assets
BKYI liabilities and equity
BKYI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BKYI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.7M | $437,604 | $511,399 | $2.6M | $7.8M | $17.5M | $591,834 | $323,943 | $288,721 | $1.1M |
| Cash & equivalents | $2.7M | $437,604 | $511,399 | $2.6M | $7.8M | $17.0M | $79,013 | $323,943 | $288,721 | $1.1M |
| Short-term investments | — | $5.00B | — | — | $0 | $512,821 | $512,821 | — | $0 | $0 |
| Receivables | $1.2M | $792,399 | $1.3M | $1.6M | $1.1M | $903,502 | $236,941 | $1.6M | $3.0M | $1.6M |
| Inventory | $370,879 | $378,307 | $445,740 | $4.4M | $4.9M | $330,947 | $429,119 | $998,829 | $946,847 | $465,428 |
| Other current assets | $290,143 | $278,648 | $364,172 | $342,706 | $216,041 | $201,507 | $108,397 | $1.3M | $2.8M | $1.8M |
| Total current assets | $4.6M | $1.9M | $2.6M | $9.0M | $14.0M | $18.9M | $1.4M | $4.2M | $7.0M | $4.9M |
| Property, plant & equipment (net) | $47,953 | $213,570 | $257,081 | $304,768 | $323,268 | $569,118 | $661,988 | $148,608 | $181,165 | $67,814 |
| Goodwill & intangible assets | $830,357 | $1.1M | $1.4M | $1.8M | $2.6M | $2.8M | $228,188 | $7.0M | $8.1M | $10.7M |
| Long-term investments | $2.5M | $5.0M | $0 | $0 | $452,821 | $0 | $0 | $0 | $760,000 | $0 |
| Other non-current assets | $2.9M | $417,402 | $229,807 | $291,781 | $370,724 | $174,027 | $240,231 | $327,911 | $8,712 | $1.6M |
| Total assets | $10.9M | $8.6M | $4.5M | $11.3M | $17.8M | $22.5M | $2.5M | $11.7M | $16.1M | $17.3M |
| Liabilities | ||||||||||
| Accounts payable | $507,357 | $818,187 | $1.3M | $1.1M | $427,772 | $244,158 | $919,294 | $481,269 | $499,230 | $466,842 |
| Short-term debt | $682,360 | $1.7M | $176,559 | $2.9M | $177,188 | $466,309 | $2.4M | $9,436 | $5,614 | $26,988 |
| Deferred revenue | $572,513 | $773,267 | $414,968 | $462,418 | $565,355 | $657,349 | $359,212 | $196,609 | $507,866 | $633,062 |
| Total current liabilities | $3.1M | $4.6M | $3.2M | $5.5M | $2.0M | $1.9M | $4.4M | $1.2M | $2.3M | $1.8M |
| Long-term debt | $0 | $44,762 | $188,787 | $120,000 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $48,994 | $73,636 | $37,829 | $197,494 | $264,162 | $498,472 | $561,026 | — | — | — |
| Other long-term liabilities | $100,350 | $245,231 | $51,294 | $467,011 | $154,273 | $309,150 | $390,466 | $0 | $0 | $0 |
| Total liabilities | $3.2M | $4.8M | $3.5M | $6.0M | $2.2M | $2.2M | $4.8M | $1.2M | $2.3M | $1.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $1,085 | $372 | $103 | $55 | $786 | $782 | $1,441 | $1,398 | $769 | $609 |
| Retained earnings (deficit) | −$133.9M | −$129.3M | −$125.0M | −$116.5M | −$104.6M | −$99.5M | −$89.7M | −$75.1M | −$67.1M | −$62.8M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $69,035 | $49,290 | $22,821 | −$242,602 | — | $0 | −$772,304 | −$690,452 | −$605,835 | −$553,126 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $7.7M | $3.8M | $1.1M | $5.3M | $15.6M | $20.3M | −$2.3M | $10.5M | $13.8M | $15.5M |
| Key figures | ||||||||||
| Total debt | $703,626 | $1.8M | $365,346 | $3.2M | $264,162 | $730,472 | $2.8M | $9,436 | $5,614 | $26,988 |
| Net cash (debt) | $2.0M | −$1.3M | $146,053 | −$604,942 | $7.5M | $16.8M | −$2.2M | $314,507 | $283,107 | $1.0M |
| Working capital | $1.5M | −$2.7M | −$591,232 | $3.5M | $12.0M | $17.1M | −$3.0M | $3.0M | $4.7M | $3.1M |
| Tangible book value | $6.8M | $2.7M | −$344,425 | $3.5M | $13.0M | $17.5M | −$2.5M | $3.5M | $5.6M | $4.7M |
| Book value per share | $11.54 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 665K | — | — | — | — | — | — | — | — | — |
| Current ratio | 1.49 | 0.41 | 0.82 | 1.65 | 7.01 | 10.10 | 0.31 | 3.45 | 3.02 | 2.67 |
| Quick ratio | 1.27 | 0.27 | 0.56 | 0.77 | 4.43 | 9.81 | 0.19 | 1.59 | 1.41 | 1.46 |
| Debt / equity | 0.09 | 0.47 | 0.34 | 0.61 | 0.02 | 0.04 | — | 0.00 | 0.00 | 0.00 |
| Equity / assets | 70.6% | 43.8% | 23.5% | 46.7% | 87.9% | 90.3% | −91.5% | 89.5% | 85.5% | 89.4% |
| 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 | $1.4M | $2.2M | $2.7M | $2.0M | $2.3M | $3.1M | $437,604 | $1.8M | $1.3M | $690,449 | $511,400 | $307,086 |
| Cash & equivalents | $1.4M | $2.2M | $2.7M | $2.0M | $2.3M | $3.1M | $437,604 | $1.8M | $1.3M | $690,449 | $511,400 | $307,086 |
| Receivables | $1.7M | $1.6M | $1.2M | $959,503 | $1.1M | $843,727 | $718,229 | $2.0M | $932,210 | $710,026 | $1.2M | $2.9M |
| Inventory | $375,740 | $338,397 | $370,879 | $394,176 | $318,538 | $357,842 | $378,307 | $386,944 | $433,182 | $440,194 | $445,740 | $4.3M |
| Other current assets | $320,086 | $326,043 | $290,143 | $352,375 | $303,045 | $254,285 | $352,818 | $382,866 | $388,786 | $427,685 | $463,491 | $362,250 |
| Total current assets | $3.8M | $4.5M | $4.6M | $3.7M | $4.0M | $4.6M | $1.9M | $4.6M | $3.0M | $2.3M | $2.6M | $7.8M |
| Property, plant & equipment (net) | $148,721 | $41,383 | $47,953 | $136,990 | $163,328 | $190,128 | $213,570 | $236,188 | $183,760 | $221,458 | $257,082 | $119,667 |
| Goodwill & intangible assets | $718,430 | $774,318 | $830,357 | $886,563 | $942,892 | $1.0M | $1.1M | $1.2M | $1.3M | $1.3M | $1.4M | $1.5M |
| Long-term investments | $2.5M | $2.5M | $2.5M | $5.0M | $5.0M | $5.0M | $5.0M | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $309,290 | $2.9M | $2.9M | $343,853 | $375,101 | $383,681 | $417,679 | $438,571 | $348,617 | $349,145 | $229,806 | $289,782 |
| Total assets | $7.5M | $10.7M | $10.9M | $10.1M | $10.5M | $11.2M | $8.6M | $6.4M | $4.8M | $4.2M | $4.5M | $9.7M |
| Liabilities | ||||||||||||
| Accounts payable | $411,203 | $514,197 | $516,468 | $655,647 | $889,026 | $568,836 | $818,186 | $1.6M | $1.5M | $1.2M | $1.3M | $1.7M |
| Short-term debt | $66,585 | $29,501 | $27,728 | $434,471 | $598,601 | $926,078 | — | $2.3M | $2.2M | $159,632 | — | $2.5M |
| Deferred revenue | $653,529 | $855,276 | $572,513 | $659,627 | $873,394 | $928,291 | — | $719,846 | $715,193 | $755,405 | — | $610,451 |
| Total current liabilities | $3.0M | $3.2M | $3.1M | $3.0M | $3.5M | $3.5M | $4.6M | $5.9M | $5.6M | $3.3M | $3.2M | $6.0M |
| Long-term debt | $0 | $0 | $0 | $1.0M | $0 | $11,666 | $44,762 | $83,901 | $114,656 | $149,861 | $188,787 | $221,625 |
| Lease obligations | $149,732 | $42,409 | $48,994 | $55,489 | $61,621 | $67,670 | $73,636 | $73,636 | $9,570 | $23,797 | $37,829 | $51,746 |
| Other long-term liabilities | $135,014 | $74,633 | $100,350 | $104,112 | $132,464 | $179,341 | $245,231 | $312,753 | $165,947 | $166,725 | $51,294 | $185,352 |
| Total liabilities | $3.1M | $3.3M | $3.2M | $4.1M | $3.7M | $3.7M | $4.8M | $6.3M | $5.9M | $3.6M | $3.5M | $6.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $109 | $1,085 | $1,085 | $731 | $685 | $582 | — | $311 | $182 | $181 | — | $950 |
| Retained earnings (deficit) | −$137.2M | −$134.1M | −$133.9M | −$132.2M | −$131.2M | −$130.0M | −$129.3M | −$127.9M | −$127.2M | −$125.5M | −$125.0M | −$118.8M |
| Accumulated other comprehensive income | −$6,291 | $24,304 | $69,035 | $40,988 | $114,897 | $56,093 | — | $74,699 | −$15,234 | −$39,454 | — | −$115,208 |
| Total shareholders' equity | $4.3M | $7.4M | $7.7M | $6.0M | $6.9M | $7.5M | $3.8M | $133,042 | −$1.1M | $535,728 | $1.1M | $3.3M |
| Key figures | ||||||||||||
| Total debt | $149,732 | $42,409 | $48,994 | $1.5M | $634,336 | $980,154 | $44,762 | $2.5M | $2.3M | $309,493 | $188,787 | $2.7M |
| Net cash (debt) | $1.2M | $2.2M | $2.6M | $576,415 | $1.6M | $2.2M | $392,842 | −$662,947 | −$1.0M | $380,956 | $322,613 | −$2.4M |
| Working capital | $793,451 | $1.3M | $1.5M | $781,785 | $503,320 | $1.1M | −$2.7M | −$1.3M | −$2.6M | −$1.0M | −$591,232 | $1.8M |
| Tangible book value | $3.6M | $6.7M | $6.8M | $5.2M | $5.9M | $6.5M | $2.7M | −$1.0M | −$2.3M | −$794,257 | −$344,425 | $1.8M |
| Book value per share | $4.18 | $7.18 | $11.59 | $9.18 | $11.77 | $16.01 | — | — | — | — | $2.11 | — |
| Shares outstanding | 1.0M | 1.0M | 662K | 659K | 582K | 470K | — | — | — | — | 505K | — |
| Current ratio | 1.26 | 1.41 | 1.49 | 1.26 | 1.14 | 1.32 | 0.41 | 0.78 | 0.54 | 0.68 | 0.82 | 1.30 |
| Quick ratio | 1.03 | 1.20 | 1.27 | 1.01 | 0.97 | 1.15 | 0.25 | 0.64 | 0.39 | 0.42 | 0.53 | 0.53 |
| Debt / equity | 0.03 | 0.01 | 0.01 | 0.24 | 0.09 | 0.13 | 0.01 | 18.52 | — | 0.58 | 0.18 | 0.83 |
| Equity / assets | 57.9% | 69.6% | 70.6% | 59.8% | 65.2% | 67.3% | 43.8% | 2.1% | −22.0% | 12.9% | 23.5% | 34.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed June 12, 2026); data from EODHD.
BKYI financial position
At the end of fiscal 2025 (December 31, 2025), BIO-key International had total assets of $10.9 million (up 26.1% from a year earlier), total liabilities of $3.2 million and shareholders' equity of $7.7 million. It held $2.7 million in cash and short-term investments against $0.7 million of debt, a net cash position of $2.0 million. Its current ratio was 1.49. In the latest quarter (ended June 30, 2026) total assets were $7.5 million and equity $4.3 million.
Related: BKYI income statement, BKYI cash flow statement, BKYI key metrics. See the BKYI stock overview for the latest quote and news.
BKYI balance sheet FAQ
What are BIO-key International's total assets?
BIO-key International reported total assets of $10.9 million at the end of fiscal 2025 (December 31, 2025), compared with $8.6 million a year earlier.
How much debt does BIO-key International have?
BIO-key International had $0.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.09.
How much cash does BIO-key International have?
BIO-key International held $2.7 million in cash and short-term investments at the end of fiscal 2025; with $0.7 million of debt that is net cash of $2.0 million.
What is BIO-key International's book value?
BIO-key International's shareholders' equity (book value) was $7.7 million at the end of fiscal 2025, or $11.54 per share.
What is BIO-key International's current ratio?
BIO-key International had current assets of $4.6 million and current liabilities of $3.1 million, a current ratio of 1.49 (it can cover its short-term obligations).
How much goodwill does BIO-key International have?
BIO-key International carried $0.8 million of goodwill and intangible assets, 7.6% of total assets, at the end of fiscal 2025.