BellRing Brands, Inc. (BRBR) Balance Sheet
BRBR balance sheet, FY2025
September 30, 2025 · U.S. dollars$941.0M assets = $1.39B liabilities + −$453.9M equity
Liabilities exceed assets: shareholders’ equity is negative (−$453.9M).
Both columns are drawn to the same scale: what BRBR owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BRBR financial health
Descriptive bands, not a rating. Fiscal FY2025.
BRBR balance sheet trends, FY2017–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $583.2MFY2017 | $941.0MFY2025 | +6.2%/yr | |
| Total liabilities | $98.8MFY2017 | $1.39BFY2025 | +39.2%/yr | |
| Shareholders’ equity | $484.4MFY2017 | −$453.9MFY2025 | — | |
| Cash & short-term investments | $7.8MFY2017 | $89.1MFY2025 | +35.6%/yr | |
| Total debt | $1.9MFY2017 | $1.11BFY2025 | +121.8%/yr | |
| Net cash (debt) | $5.9MFY2017 | −$1.02BFY2025 | −$1.0B | |
| Working capital | $89.2MFY2017 | $382.7MFY2025 | +$293.5M | |
| Book value per share | $14.13FY2017 | −$3.53FY2025 | — | |
| Current ratio | 2.16FY2017 | 2.35FY2025 | +0.19 | |
| Debt / equity | 0.00FY2017 | 0.00FY2019 | 0.00 | |
| Shares outstanding | 34.3MFY2017 | 128.5MFY2025 | +18.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BRBR assets
BRBR liabilities and equity
BRBR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BRBR balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $89.1M | $71.1M | $48.4M | $35.8M | $152.6M | $48.7M | $5.5M | $10.9M | $7.8M |
| Cash & equivalents | $89.1M | $71.1M | $48.4M | $35.8M | $152.6M | $48.7M | $5.5M | $10.9M | $7.8M |
| Receivables | $223.4M | $220.4M | $168.2M | $173.3M | $103.9M | $83.1M | $68.4M | $87.2M | $63.0M |
| Inventory | $330.4M | $286.1M | $194.3M | $199.8M | $117.9M | $150.5M | $138.2M | $61.6M | $85.7M |
| Other current assets | $22.6M | $15.1M | $13.3M | $12.4M | $13.7M | $7.9M | $7.4M | $4.0M | $9.3M |
| Total current assets | $665.5M | $592.7M | $424.2M | $421.3M | $388.1M | $290.2M | $219.5M | $163.7M | $165.8M |
| Property, plant & equipment (net) | $19.0M | $15.0M | $15.9M | $8.0M | $8.9M | $10.2M | $11.7M | $11.9M | $9.9M |
| Goodwill & intangible assets | $190.9M | $207.7M | $242.7M | $269.2M | $289.0M | $340.2M | $362.4M | $384.6M | $407.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $65.6M | $21.6M | $8.8M | $8.7M | $10.5M | $12.9M | $900,000 | $200,000 | $100,000 |
| Total assets | $941.0M | $837.0M | $691.6M | $707.2M | $696.5M | $653.5M | $594.5M | $560.4M | $583.2M |
| Liabilities | |||||||||
| Accounts payable | $119.5M | $120.6M | $85.0M | $93.8M | $91.9M | $56.7M | $61.7M | $58.2M | $48.4M |
| Short-term debt | $2.6M | $2.2M | $2.1M | $1.9M | $118.6M | $66.0M | $400,000 | $1.0M | $1.9M |
| Deferred revenue | — | — | −$2.1M | $2.2M | — | — | −$400,000 | $300,000 | $23.3M |
| Total current liabilities | $282.8M | $203.7M | $150.2M | $143.5M | $251.3M | $153.1M | $92.7M | $94.3M | $76.6M |
| Long-term debt | $1.08B | $833.1M | $856.8M | $929.5M | $481.2M | $622.6M | $0 | $0 | $0 |
| Other long-term liabilities | $27.8M | $6.1M | $8.1M | $10.4M | $29.5M | $38.8M | $15.4M | $14.4M | $22.2M |
| Total liabilities | $1.39B | $1.04B | $1.02B | $1.08B | $762.0M | $814.5M | $108.1M | $108.7M | $98.8M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $1.4M | $1.4M | $1.4M | $1.4M | $400,000 | $400,000 | $489.0M | $453.1M | $485.4M |
| Retained earnings (deficit) | $272.6M | $56.4M | −$190.1M | −$355.6M | −$3.06B | −$2.18B | — | — | — |
| Treasury stock | — | — | — | −$24.7M | — | — | — | — | — |
| Accumulated other comprehensive income | −$1.0M | −$2.0M | −$3.1M | −$4.3M | −$3.5M | −$4.0M | −$2.6M | −$1.4M | −$1.0M |
| Minority interest | — | — | — | $0 | — | — | — | — | — |
| Total shareholders' equity | −$453.9M | −$205.9M | −$323.5M | −$376.2M | −$3.06B | −$2.18B | $486.4M | $451.7M | $484.4M |
| Key figures | |||||||||
| Total debt | $1.11B | $839.6M | $865.0M | $931.4M | $608.4M | $699.6M | $400,000 | $1.0M | $1.9M |
| Net cash (debt) | −$1.02B | −$768.5M | −$816.6M | −$895.6M | −$455.8M | −$650.9M | $5.1M | $9.9M | $5.9M |
| Working capital | $382.7M | $389.0M | $274.0M | $277.8M | $136.8M | $137.1M | $126.8M | $69.4M | $89.2M |
| Tangible book value | −$644.8M | −$413.6M | −$566.2M | −$645.4M | −$3.35B | −$2.52B | $124.0M | $67.1M | $77.0M |
| Book value per share | −$3.53 | −$1.56 | −$2.41 | −$4.01 | −$77.54 | −$55.26 | $12.34 | $13.17 | $14.13 |
| Shares outstanding | 128.5M | 132.3M | 134.1M | 93.8M | 39.5M | 39.5M | 39.4M | 34.3M | 34.3M |
| Current ratio | 2.35 | 2.91 | 2.82 | 2.94 | 1.54 | 1.90 | 2.37 | 1.74 | 2.16 |
| Quick ratio | 1.11 | 1.43 | 1.44 | 1.46 | 1.02 | 0.86 | 0.80 | 1.04 | 0.92 |
| Debt / equity | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 |
| Equity / assets | −48.2% | −24.6% | −46.8% | −53.2% | −439.7% | −334.0% | 81.8% | 80.6% | 83.1% |
| 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 | $50.4M | $33.2M | $64.1M | $89.1M | $43.7M | $28.1M | $49.6M | $71.1M | $72.6M | $79.3M | $85.0M | $48.4M |
| Cash & equivalents | $50.4M | $33.2M | $64.1M | $89.1M | $43.7M | $28.1M | $49.6M | $71.1M | $72.6M | $79.3M | $85.0M | $48.4M |
| Receivables | $216.3M | $272.1M | $246.0M | $223.4M | $243.9M | $266.0M | $220.4M | $220.4M | $230.7M | $229.4M | $178.6M | $168.2M |
| Inventory | $480.6M | $409.1M | $435.2M | $330.4M | $415.6M | $385.3M | $348.9M | $286.1M | $237.8M | $194.1M | $187.6M | $194.3M |
| Other current assets | $32.2M | $41.4M | $41.0M | $22.6M | $36.2M | $31.2M | $30.6M | $15.1M | $13.1M | $10.4M | $13.6M | $13.3M |
| Total current assets | $779.5M | $755.8M | $786.3M | $665.5M | $739.4M | $710.6M | $649.5M | $592.7M | $554.2M | $513.2M | $464.8M | $424.2M |
| Property, plant & equipment (net) | $30.5M | $29.7M | $26.5M | $19.0M | $12.5M | $10.2M | $9.6M | $15.0M | $8.2M | $8.5M | $8.6M | $15.9M |
| Goodwill & intangible assets | $178.1M | $182.4M | $186.6M | $190.9M | $195.1M | $199.3M | $203.5M | $207.7M | $212.0M | $216.3M | $220.5M | $242.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $64.0M | $57.5M | $60.9M | $65.6M | $46.7M | $27.4M | $22.6M | $21.6M | $29.7M | $27.0M | $21.6M | $8.8M |
| Total assets | $1.05B | $1.03B | $1.06B | $941.0M | $993.7M | $947.5M | $885.2M | $837.0M | $804.1M | $765.0M | $715.5M | $691.6M |
| Liabilities | ||||||||||||
| Accounts payable | $167.7M | $140.8M | $178.6M | $119.5M | $126.0M | $160.6M | $110.9M | $120.6M | $113.9M | $101.9M | $91.3M | $85.0M |
| Short-term debt | — | — | — | $2.6M | — | — | — | $2.2M | — | — | — | $2.1M |
| Deferred revenue | — | — | — | — | — | — | — | — | — | — | — | −$2.1M |
| Total current liabilities | $345.8M | $300.5M | $352.0M | $282.8M | $290.4M | $243.4M | $193.9M | $203.7M | $207.9M | $173.0M | $162.5M | $150.2M |
| Long-term debt | $1.14B | $1.19B | $1.18B | $1.08B | $1.01B | $953.7M | $833.4M | $833.1M | $832.7M | $832.4M | $832.1M | $856.8M |
| Other long-term liabilities | $38.2M | $37.7M | $34.4M | $27.8M | $4.2M | $4.5M | $4.5M | $6.1M | $6.7M | $7.3M | $7.8M | $8.1M |
| Total liabilities | $1.52B | $1.52B | $1.57B | $1.39B | $1.30B | $1.20B | $1.03B | $1.04B | $1.05B | $1.01B | $1.00B | $1.02B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M | $1.4M |
| Retained earnings (deficit) | $384.4M | $350.2M | $316.3M | $272.6M | $213.0M | $192.0M | $133.3M | $56.4M | −$15.3M | −$89.0M | −$146.2M | −$190.1M |
| Accumulated other comprehensive income | −$1.5M | −$1.4M | −$1.0M | −$1.0M | −$900,000 | −$2.7M | −$3.4M | −$2.0M | −$2.8M | −$2.7M | −$2.3M | −$3.1M |
| Total shareholders' equity | −$467.2M | −$497.8M | −$510.7M | −$453.9M | −$309.9M | −$254.1M | −$146.6M | −$205.9M | −$243.2M | −$247.7M | −$286.9M | −$323.5M |
| Key figures | ||||||||||||
| Total debt | $1.14B | $1.19B | $1.18B | $1.11B | $1.01B | $953.7M | $833.4M | $839.6M | $839.0M | $839.3M | $839.5M | $865.0M |
| Net cash (debt) | −$1.08B | −$1.15B | −$1.12B | −$1.02B | −$965.3M | −$925.6M | −$783.8M | −$768.5M | −$766.4M | −$760.0M | −$754.5M | −$816.6M |
| Working capital | $433.7M | $455.3M | $434.3M | $382.7M | $449.0M | $467.2M | $455.6M | $389.0M | $346.3M | $340.2M | $302.3M | $274.0M |
| Tangible book value | −$645.3M | −$680.2M | −$697.3M | −$644.8M | −$505.0M | −$453.4M | −$350.1M | −$413.6M | −$455.2M | −$464.0M | −$507.4M | −$566.2M |
| Book value per share | −$4.01 | −$4.19 | −$4.26 | −$3.62 | −$2.39 | −$1.96 | −$1.12 | −$1.56 | −$1.84 | −$1.86 | −$2.16 | −$2.43 |
| Shares outstanding | 116.6M | 118.7M | 119.9M | 125.3M | 129.7M | 129.9M | 131.1M | 132.3M | 132.1M | 133.0M | 133.0M | 132.9M |
| Current ratio | 2.25 | 2.52 | 2.23 | 2.35 | 2.55 | 2.92 | 3.35 | 2.91 | 2.67 | 2.97 | 2.86 | 2.82 |
| Quick ratio | 0.77 | 1.02 | 0.88 | 1.11 | 0.99 | 1.21 | 1.39 | 1.43 | 1.46 | 1.78 | 1.62 | 1.44 |
| Equity / assets | −44.4% | −48.5% | −48.2% | −48.2% | −31.2% | −26.8% | −16.6% | −24.6% | −30.2% | −32.4% | −40.1% | −46.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 18, 2025); data from EODHD.
BRBR financial position
At the end of fiscal 2025 (September 30, 2025), BellRing Brands had total assets of $941.0 million (up 12.4% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of -$453.9 million. It held $89.1 million in cash and short-term investments against $1.1 billion of debt, net debt of $1.0 billion. Its current ratio was 2.35. In the latest quarter (ended June 30, 2026) total assets were $1.1 billion and equity -$467.2 million.
Related: BRBR income statement, BRBR cash flow statement, BRBR key metrics. See the BRBR stock overview for the latest quote and news.
BRBR balance sheet FAQ
What are BellRing Brands's total assets?
BellRing Brands reported total assets of $941.0 million at the end of fiscal 2025 (September 30, 2025), compared with $837.0 million a year earlier.
How much debt does BellRing Brands have?
BellRing Brands had $1.1 billion of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was —.
How much cash does BellRing Brands have?
BellRing Brands held $89.1 million in cash and short-term investments at the end of fiscal 2025; with $1.1 billion of debt that is net debt of $1.0 billion.
What is BellRing Brands's book value?
BellRing Brands's shareholders' equity (book value) was -$453.9 million at the end of fiscal 2025, or −$3.53 per share.
What is BellRing Brands's current ratio?
BellRing Brands had current assets of $665.5 million and current liabilities of $282.8 million, a current ratio of 2.35 (it can cover its short-term obligations).
How much goodwill does BellRing Brands have?
BellRing Brands carried $190.9 million of goodwill and intangible assets, 20.3% of total assets, at the end of fiscal 2025.