Celcuity Inc. (CELC) Balance Sheet
CELC balance sheet, 2025
December 31, 2025 · U.S. dollars$466.6M assets = $366.0M liabilities + $100.6M equity
Both columns are drawn to the same scale: what CELC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CELC financial health
Descriptive bands, not a rating. Fiscal 2025.
CELC balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $6.1M2016 | $466.6M2025 | +62.0%/yr | |
| Total liabilities | $445,3592016 | $366.0M2025 | +110.8%/yr | |
| Shareholders’ equity | $5.6M2016 | $100.6M2025 | +37.8%/yr | |
| Cash & short-term investments | $5.9M2016 | $441.5M2025 | +61.7%/yr | |
| Total debt | $25,6102018 | $195.4M2025 | +258.6%/yr | |
| Net cash (debt) | $24.9M2018 | $246.1M2025 | +$221.2M | |
| Working capital | $5.5M2016 | $421.5M2025 | +$416.0M | |
| Book value per share | $2.502018 | $1.912025 | −3.8%/yr | |
| Debt / equity | 0.002018 | 1.942025 | +1.94 | |
| Shares outstanding | 10.1M2018 | 52.5M2025 | +26.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CELC assets
CELC liabilities and equity
CELC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CELC balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $441.5M | $235.1M | $180.6M | $168.6M | $84.3M | $11.7M | $18.8M | $24.9M | $24.2M | $5.9M |
| Cash & equivalents | $165.7M | $22.5M | $30.7M | $24.6M | $84.3M | $11.6M | $18.7M | $15.9M | $2.6M | $5.9M |
| Short-term investments | $275.8M | $212.6M | $149.9M | $144.0M | $22 | $22,009 | $22,009 | $9.0M | $21.6M | $5,717 |
| Receivables | $0 | $1.6M | $805,882 | $203,665 | $298,764 | $190,000 | $190,000 | $0 | $0 | $0 |
| Inventory | $0 | −$8.6M | $0 | −$203,665 | −$298,764 | −$190,000 | −$190,000 | $0 | $0 | $0 |
| Other current assets | $24.2M | $16.5M | $9.2M | $6.6M | $1.1M | $507,040 | $493,343 | $320,692 | $287,434 | $55,717 |
| Total current assets | $465.7M | $244.6M | $190.6M | $175.2M | $85.4M | $12.2M | $19.3M | $25.2M | $24.5M | $5.9M |
| Property, plant & equipment (net) | $550,000 | $552,017 | $628,801 | $506,560 | $554,345 | $789,787 | $1.0M | $813,613 | $280,056 | $144,912 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $7.2M | $0 |
| Other non-current assets | $349,000 | $0 | $0 | $33,195 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $466.6M | $245.1M | $191.2M | $175.7M | $85.9M | $13.0M | $20.3M | $26.0M | $32.0M | $6.1M |
| Liabilities | ||||||||||
| Accounts payable | $6.4M | $9.4M | $5.1M | $2.6M | $1.5M | $217,377 | $142,773 | $119,811 | $71,913 | $331,534 |
| Short-term debt | $54,000 | $171,952 | $184,950 | $194,198 | $195,708 | $193,328 | $184,235 | $5,730 | — | — |
| Total current liabilities | $44.2M | $31.7M | $14.2M | $6.9M | $2.5M | $1.2M | $911,327 | $662,332 | $578,053 | $445,359 |
| Long-term debt | $321.9M | $97.7M | $37.0M | $35.0M | $14.6M | $0 | $14,110 | $19,880 | $0 | $0 |
| Lease obligations | $54,000 | $225,921 | $410,872 | $255,200 | $259,928 | $262,488 | $256,137 | $25,608 | — | — |
| Other long-term liabilities | $0 | $53,969 | $225,922 | $61,002 | $64,220 | $69,160 | $57,792 | $0 | $0 | $0 |
| Total liabilities | $366.0M | $129.5M | $51.5M | $41.9M | $17.2M | $1.3M | $983,229 | $682,210 | $578,053 | $445,359 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $48,000 | $37,143 | $25,506 | $21,667 | $14,919 | $10,300 | $10,254 | $10,186 | $10,087 | $6,440 |
| Retained earnings (deficit) | −$448.9M | −$271.9M | −$160.1M | −$96.3M | −$55.9M | −$26.3M | −$16.8M | −$9.5M | −$2.0M | −$8.3M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | — |
| Accumulated other comprehensive income | — | — | −$854 | $0 | $0 | $0 | −$819,893 | −$480,897 | −$260,119 | −$155,415 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | — |
| Total shareholders' equity | $100.6M | $115.6M | $139.8M | $133.8M | $68.7M | $11.7M | $19.3M | $25.3M | $31.4M | $5.6M |
| Key figures | ||||||||||
| Total debt | $195.4M | $98.0M | $37.4M | $35.2M | $14.9M | $262,488 | $256,137 | $25,610 | — | — |
| Net cash (debt) | $246.1M | $137.2M | $143.1M | $133.3M | $69.4M | $11.4M | $18.5M | $24.9M | — | — |
| Working capital | $421.5M | $212.8M | $176.4M | $168.3M | $82.8M | $11.0M | $18.3M | $24.6M | $23.9M | $5.5M |
| Tangible book value | $100.6M | $115.6M | $139.8M | $133.8M | $68.7M | $11.7M | $19.3M | $25.3M | $31.4M | $5.6M |
| Book value per share | $1.91 | $2.93 | $5.90 | $8.68 | $5.13 | $1.14 | $1.89 | $2.50 | — | — |
| Shares outstanding | 52.5M | 39.4M | 23.7M | 15.4M | 13.4M | 10.3M | 10.2M | 10.1M | — | — |
| Current ratio | 10.55 | 7.71 | 13.43 | 25.45 | 34.06 | 10.26 | 21.12 | 38.07 | 42.36 | 13.27 |
| Quick ratio | 10.00 | 7.46 | 12.78 | 24.53 | 33.76 | 10.00 | 20.79 | 37.59 | 41.86 | 13.15 |
| Debt / equity | 1.94 | 0.85 | 0.27 | 0.26 | 0.22 | 0.02 | 0.01 | 0.00 | — | — |
| Equity / assets | 21.6% | 47.2% | 73.1% | 76.1% | 80.0% | 90.3% | 95.2% | 97.4% | 98.2% | 92.6% |
| 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 | $754.0M | $145.2M | $441.5M | $455.0M | $168.4M | $205.7M | $235.1M | $264.1M | $283.1M | $177.7M | $180.6M | $133.9M |
| Cash & equivalents | $182.0M | $145.2M | $165.7M | $74.3M | $46.4M | $16.5M | $22.5M | $12.6M | $30.5M | $31.2M | $30.7M | $25.8M |
| Short-term investments | $572.0M | $241.9M | $275.8M | $380.7M | $122.0M | $189.2M | $212.6M | $251.5M | $252.6M | $146.4M | $149.9M | $108.2M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $1.6M | $0 | $0 | $0 | $805,882 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $21.8M | $263.7M | $24.2M | $20.5M | $14.7M | $11.9M | $7.9M | $8.4M | $8.9M | $9.9M | $9.2M | $7.8M |
| Total current assets | $775.8M | $408.9M | $465.7M | $475.5M | $183.1M | $217.6M | $244.6M | $272.4M | $291.9M | $187.5M | $190.6M | $141.7M |
| Property, plant & equipment (net) | $1.7M | $632,000 | $550,000 | $507,000 | $488,000 | $530,000 | $552,017 | $598,531 | $613,623 | $657,935 | $628,801 | $672,746 |
| Goodwill & intangible assets | $50.0M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $661,000 | $603,000 | $349,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $828.2M | $410.2M | $466.6M | $476.0M | $183.6M | $218.1M | $245.1M | $273.0M | $292.5M | $188.2M | $191.2M | $142.4M |
| Liabilities | ||||||||||||
| Accounts payable | $8.1M | $10.5M | $6.4M | $11.4M | $11.2M | $9.9M | $9.4M | $9.2M | $6.2M | $5.3M | $5.1M | $5.6M |
| Short-term debt | $257,000 | $13,000 | $54,000 | $96,000 | $139,000 | $169,000 | $171,952 | $175,226 | $178,587 | $181,882 | $184,950 | $188,100 |
| Deferred revenue | — | — | — | — | — | — | — | −$17.1M | — | — | — | — |
| Total current liabilities | $86.9M | $33.2M | $44.2M | $38.8M | $39.9M | $32.9M | $31.7M | $26.3M | $19.5M | $16.7M | $14.2M | $12.7M |
| Long-term debt | $753.2M | $323.4M | $321.9M | $320.2M | $99.3M | $98.5M | $97.7M | $96.9M | $96.2M | $37.6M | $37.0M | $36.5M |
| Lease obligations | $1.1M | $13,000 | $54,000 | $96,000 | $139,000 | $182,000 | $225,921 | $270,925 | $317,120 | $363,961 | $410,872 | $459,025 |
| Other long-term liabilities | $893,000 | $0 | $0 | $0 | $0 | $13,000 | $53,969 | $95,699 | $138,533 | $182,079 | $225,922 | $270,925 |
| Total liabilities | $841.0M | $356.6M | $366.0M | $359.0M | $139.2M | $131.5M | $129.5M | $123.3M | $115.9M | $54.4M | $51.5M | $49.5M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $49,000 | $48,000 | $48,000 | $43,000 | $39,000 | $38,000 | $37,143 | $37,116 | $37,015 | $30,774 | $25,506 | $22,369 |
| Retained earnings (deficit) | −$580.6M | −$501.7M | −$448.9M | −$397.9M | −$354.1M | −$308.9M | −$271.9M | −$235.2M | −$205.4M | −$181.7M | −$160.1M | −$141.2M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | — | −$318 | −$505 | −$25,506 | −$1,061 |
| Total shareholders' equity | −$12.8M | $53.5M | $100.6M | $117.0M | $44.4M | $86.7M | $115.6M | $149.7M | $176.7M | $133.7M | $139.8M | $92.9M |
| Key figures | ||||||||||||
| Total debt | $754.4M | $195.6M | $195.4M | $320.3M | $99.4M | $98.7M | $98.0M | $97.2M | $96.5M | $37.9M | $37.4M | $37.0M |
| Net cash (debt) | −$341,000 | −$50.4M | $246.1M | $134.6M | $69.0M | $107.0M | $137.2M | $166.9M | $186.6M | $139.7M | $143.1M | $97.0M |
| Working capital | $689.0M | $375.7M | $421.5M | $436.7M | $143.2M | $184.7M | $212.8M | $246.1M | $272.4M | $170.8M | $176.4M | $129.0M |
| Tangible book value | −$62.8M | $53.5M | $100.6M | $117.0M | $44.4M | $86.7M | $115.6M | $149.7M | $176.7M | $133.7M | $139.8M | $92.9M |
| Book value per share | −$0.23 | $0.98 | $1.91 | $2.61 | $1.02 | $2.01 | $2.70 | $3.50 | $4.60 | $3.98 | $4.84 | $4.20 |
| Shares outstanding | 54.8M | 54.5M | 52.5M | 44.8M | 43.7M | 43.1M | 42.9M | 42.8M | 38.4M | 33.6M | 28.9M | 22.1M |
| Current ratio | 8.93 | 12.31 | 10.55 | 12.26 | 4.58 | 6.61 | 7.71 | 10.36 | 14.95 | 11.23 | 13.43 | 11.15 |
| Quick ratio | 8.68 | 4.37 | 10.00 | 11.73 | 4.22 | 6.25 | 7.46 | 10.04 | 14.50 | 10.64 | 12.78 | 10.54 |
| Debt / equity | — | 3.65 | 1.94 | 2.74 | 2.24 | 1.14 | 0.85 | 0.65 | 0.55 | 0.28 | 0.27 | 0.40 |
| Equity / assets | −1.5% | 13.0% | 21.6% | 24.6% | 24.2% | 39.7% | 47.2% | 54.8% | 60.4% | 71.1% | 73.1% | 65.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 26, 2026); data from EODHD.
CELC financial position
At the end of fiscal 2025 (December 31, 2025), Celcuity had total assets of $466.6 million (up 90.3% from a year earlier), total liabilities of $366.0 million and shareholders' equity of $100.6 million. It held $441.5 million in cash and short-term investments against $195.4 million of debt, a net cash position of $246.1 million. Its current ratio was 10.55. In the latest quarter (ended June 30, 2026) total assets were $828.2 million and equity -$12.8 million.
Related: CELC income statement, CELC cash flow statement, CELC key metrics. See the CELC stock overview for the latest quote and news.
CELC balance sheet FAQ
What are Celcuity's total assets?
Celcuity reported total assets of $466.6 million at the end of fiscal 2025 (December 31, 2025), compared with $245.1 million a year earlier.
How much debt does Celcuity have?
Celcuity had $195.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.94.
How much cash does Celcuity have?
Celcuity held $441.5 million in cash and short-term investments at the end of fiscal 2025; with $195.4 million of debt that is net cash of $246.1 million.
What is Celcuity's book value?
Celcuity's shareholders' equity (book value) was $100.6 million at the end of fiscal 2025, or $1.91 per share.
What is Celcuity's current ratio?
Celcuity had current assets of $465.7 million and current liabilities of $44.2 million, a current ratio of 10.55 (it can cover its short-term obligations).