BTQ Technologies Corp. (BTQ) Balance Sheet
BTQ balance sheet, 2025
December 31, 2025 · Canadian dollarsC$33.8M assets = C$2.2M liabilities + C$31.6M equity
Both columns are drawn to the same scale: what BTQ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BTQ financial health
Descriptive bands, not a rating. Fiscal 2025.
BTQ balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | C$7.3M2022 | C$33.8M2025 | +66.9%/yr | |
| Total liabilities | C$468,7682022 | C$2.2M2025 | +66.8%/yr | |
| Shareholders’ equity | C$6.8M2022 | C$31.6M2025 | +66.9%/yr | |
| Cash & short-term investments | C$7.2M2022 | C$21.0M2025 | +42.6%/yr | |
| Working capital | C$6.8M2022 | C$20.2M2025 | +C$13.4M | |
| Shares outstanding | 121.2M2022 | 135.6M2025 | +3.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BTQ assets
BTQ liabilities and equity
BTQ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BTQ balance sheet in Canadian dollars
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | C$21.0M | C$9.3M | C$3.4M | C$7.2M |
| Cash & equivalents | C$20.9M | C$9.3M | C$2.9M | C$7.2M |
| Short-term investments | C$57,500 | C$0 | C$577,875 | C$0 |
| Receivables | C$53,354 | C$223,109 | C$120,569 | C$25,096 |
| Inventory | C$0 | C$0 | C$0 | C$0 |
| Other current assets | C$1.4M | C$64,643 | C$229,696 | C$0 |
| Total current assets | C$22.4M | C$9.6M | C$3.8M | C$7.3M |
| Property, plant & equipment (net) | C$19,307 | C$0 | C$132,725 | C$229,358 |
| Goodwill & intangible assets | C$0 | C$0 | C$0 | C$0 |
| Long-term investments | C$11.4M | C$77,229 | C$77,229 | C$63,915 |
| Other non-current assets | C$0 | C$29,605 | C$35,872 | C$0 |
| Total assets | C$33.8M | C$9.7M | C$4.0M | C$7.3M |
| Liabilities | ||||
| Accounts payable | C$2.2M | C$1.4M | C$859,709 | C$468,768 |
| Short-term debt | — | — | C$33,554 | — |
| Deferred revenue | — | C$315,497 | — | — |
| Total current liabilities | C$2.2M | C$1.8M | C$983,239 | C$468,768 |
| Long-term debt | C$0 | C$0 | C$0 | C$0 |
| Lease obligations | — | C$0 | C$33,554 | C$129,062 |
| Other long-term liabilities | C$0 | C$0 | C$0 | C$47,088 |
| Total liabilities | C$2.2M | C$1.8M | C$983,239 | C$468,768 |
| Shareholders' equity | ||||
| Common stock & paid-in capital | C$87.8M | C$45.6M | C$34.3M | C$12.9M |
| Retained earnings (deficit) | −C$65.3M | −C$40.6M | −C$34.6M | −C$14.6M |
| Accumulated other comprehensive income | C$9.0M | C$3.0M | C$3.3M | C$1.4M |
| Total shareholders' equity | C$31.6M | C$7.9M | C$3.1M | C$6.8M |
| Key figures | ||||
| Total debt | — | — | C$33,554 | — |
| Net cash (debt) | — | — | C$3.4M | — |
| Working capital | C$20.2M | C$7.8M | C$2.8M | C$6.8M |
| Tangible book value | C$31.6M | C$7.9M | C$3.1M | C$6.8M |
| Shares outstanding | 135.6M | 124.2M | 118.3M | 121.2M |
| Current ratio | 10.30 | 5.37 | 3.85 | 15.50 |
| Quick ratio | 9.67 | 5.33 | 3.62 | 15.50 |
| Debt / equity | — | — | 0.01 | — |
| Equity / assets | 93.6% | 81.6% | 75.6% | 93.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | C$9.8M | C$12.2M | C$21.0M | C$39.4M | C$6.0M | C$8.0M | C$9.3M | C$822,679 | C$1.2M |
| Cash & equivalents | C$9.7M | C$12.1M | C$20.9M | C$39.4M | C$6.0M | C$8.0M | C$9.3M | C$822,679 | C$597,979 |
| Short-term investments | C$57,500 | C$57,500 | C$57,500 | — | — | — | C$0 | C$0 | C$575,000 |
| Receivables | C$0 | C$101,761 | C$53,354 | C$227,628 | C$194,021 | C$254,022 | C$223,109 | C$198,429 | C$226,168 |
| Inventory | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 |
| Other current assets | C$1.2M | C$2.1M | C$1.4M | C$360,028 | C$265,613 | C$213,930 | C$64,643 | C$143,778 | C$212,093 |
| Total current assets | C$11.0M | C$14.4M | C$22.4M | C$40.0M | C$6.4M | C$8.5M | C$9.6M | C$1.2M | C$1.6M |
| Property, plant & equipment (net) | C$1.1M | C$922,726 | C$19,307 | C$11,030 | C$11,632 | C$0 | C$0 | C$200,739 | C$254,256 |
| Goodwill & intangible assets | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$198,429 | C$0 |
| Long-term investments | C$12.3M | C$10.6M | C$11.4M | C$77,229 | C$77,229 | C$77,229 | C$77,229 | C$77,229 | C$77,229 |
| Other non-current assets | C$161,153 | C$130,202 | C$0 | C$0 | C$0 | C$10,770 | C$29,605 | C$122,689 | C$45,967 |
| Total assets | C$24.5M | C$26.1M | C$33.8M | C$40.1M | C$6.5M | C$8.6M | C$9.7M | C$1.8M | C$2.0M |
| Liabilities | |||||||||
| Accounts payable | C$5.5M | C$1.9M | C$2.2M | C$1.8M | C$833,184 | C$1.5M | C$1.4M | C$1.2M | C$1.1M |
| Short-term debt | — | C$122,356 | — | — | — | — | — | C$88,776 | C$84,561 |
| Deferred revenue | — | — | — | — | — | C$65,497 | C$315,497 | C$565,497 | C$456,233 |
| Total current liabilities | C$5.7M | C$2.0M | C$2.2M | C$2.0M | C$946,889 | C$1.7M | C$1.8M | C$2.3M | C$2.1M |
| Long-term debt | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$0 | C$701,890 | C$0 |
| Lease obligations | C$1.1M | C$845,062 | — | — | — | — | C$0 | C$146,117 | C$163,977 |
| Other long-term liabilities | C$919,252 | C$722,706 | C$0 | C$0 | C$0 | C$0 | C$0 | C$57,341 | C$79,416 |
| Total liabilities | C$6.6M | C$2.8M | C$2.2M | C$2.0M | C$946,889 | C$1.7M | C$1.8M | C$3.1M | C$2.2M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | — | C$92.5M | C$87.8M | C$85.0M | C$46.3M | C$46.2M | C$45.6M | C$34.9M | C$34.9M |
| Retained earnings (deficit) | −C$101.9M | −C$85.2M | −C$65.3M | −C$53.4M | −C$44.4M | −C$42.5M | −C$40.6M | −C$39.1M | −C$38.1M |
| Accumulated other comprehensive income | — | C$16.0M | C$9.0M | C$6.5M | C$3.7M | C$3.2M | C$3.0M | C$2.6M | C$2.9M |
| Total shareholders' equity | C$17.9M | C$23.3M | C$31.6M | C$38.1M | C$5.6M | C$6.9M | C$7.9M | −C$1.3M | −C$239,264 |
| Key figures | |||||||||
| Total debt | — | C$845,062 | — | — | — | — | — | C$848,007 | C$163,977 |
| Net cash (debt) | — | C$11.3M | — | — | — | — | — | −C$25,328 | C$1.0M |
| Working capital | C$5.3M | C$12.4M | C$20.2M | C$38.0M | C$5.5M | C$6.8M | C$7.8M | −C$1.1M | −C$537,300 |
| Tangible book value | C$17.9M | C$23.3M | C$31.6M | C$38.1M | C$5.6M | C$6.9M | C$7.9M | −C$1.5M | −C$239,264 |
| Shares outstanding | 142.4M | 140.8M | 140.4M | 137.8M | 132.5M | 132.1M | 128.2M | 124.2M | 124.2M |
| Current ratio | 1.94 | 7.06 | 10.30 | 20.45 | 6.80 | 5.06 | 5.37 | 0.51 | 0.75 |
| Quick ratio | 1.73 | 6.02 | 9.67 | 20.27 | 6.52 | 4.93 | 5.33 | 0.45 | 0.65 |
| Debt / equity | — | 0.04 | — | — | — | — | — | — | — |
| Equity / assets | 73.1% | 89.4% | 93.6% | 95.1% | 85.5% | 80.4% | 81.6% | −73.0% | −12.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in Canadian dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
BTQ financial position
At the end of fiscal 2025 (December 31, 2025), BTQ Technologies had total assets of C$33.8 million (up 247.2% from a year earlier), total liabilities of C$2.2 million and shareholders' equity of C$31.6 million. Its current ratio was 10.30. In the latest quarter (ended June 30, 2026) total assets were C$24.5 million and equity C$17.9 million.
Related: BTQ income statement, BTQ cash flow statement, BTQ key metrics. See the BTQ stock overview for the latest quote and news.
BTQ balance sheet FAQ
What are BTQ Technologies's total assets?
BTQ Technologies reported total assets of C$33.8 million at the end of fiscal 2025 (December 31, 2025), compared with C$9.7 million a year earlier.
How much cash does BTQ Technologies have?
BTQ Technologies held C$21.0 million in cash and short-term investments at the end of fiscal 2025.
What is BTQ Technologies's book value?
BTQ Technologies's shareholders' equity (book value) was C$31.6 million at the end of fiscal 2025.
What is BTQ Technologies's current ratio?
BTQ Technologies had current assets of C$22.4 million and current liabilities of C$2.2 million, a current ratio of 10.30 (it can cover its short-term obligations).