Colliers International Group Inc. (CIGI) Balance Sheet
CIGI balance sheet, 2025
December 31, 2025 · U.S. dollars$6.78B assets = $3.96B liabilities + $2.81B equity
Both columns are drawn to the same scale: what CIGI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CIGI financial health
Descriptive bands, not a rating. Fiscal 2025.
CIGI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.19B2016 | $6.78B2025 | +21.3%/yr | |
| Total liabilities | $847.5M2016 | $3.96B2025 | +18.7%/yr | |
| Shareholders’ equity | $212.5M2016 | $1.53B2025 | +24.5%/yr | |
| Cash & short-term investments | $113.1M2016 | $256.4M2025 | +9.5%/yr | |
| Total debt | $262.5M2016 | $2.70B2025 | +29.6%/yr | |
| Net cash (debt) | −$149.3M2016 | −$2.44B2025 | −$2.3B | |
| Working capital | $14.0M2016 | $1.14B2025 | +$1.1B | |
| Book value per share | $5.472016 | $41.172025 | +25.1%/yr | |
| Current ratio | 1.032016 | 5.752025 | +4.73 | |
| Debt / equity | 1.242016 | 1.762025 | +0.53 | |
| Shares outstanding | 38.9M2016 | 37.2M2025 | −0.5%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CIGI assets
CIGI liabilities and equity
CIGI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CIGI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $256.4M | $224.8M | $204.7M | $201.5M | $419.0M | $173.1M | $127.6M | $127.0M | $108.5M | $113.1M |
| Cash & equivalents | $256.4M | $176.3M | $181.1M | $173.7M | $396.7M | $156.6M | $115.0M | $127.0M | $108.5M | $113.1M |
| Short-term investments | $54.9M | $48.6M | $23.5M | $27.9M | $22.2M | $16.4M | $12.7M | — | — | — |
| Receivables | $1.13B | $998.3M | $987.9M | $745.4M | $784.8M | $433.2M | $436.7M | $554.7M | $383.4M | $347.6M |
| Inventory | $0 | $0 | $261.1M | $45.4M | $29.8M | $20.9M | $10.7M | $1 | $1 | $1 |
| Other current assets | $0 | $376.3M | $20.6M | $221.2M | $337.4M | $408.6M | $143.0M | $78.6M | $109.9M | $63.9M |
| Total current assets | $1.38B | $1.60B | $1.47B | $1.21B | $1.57B | $1.04B | $718.1M | $760.3M | $601.8M | $524.6M |
| Property, plant & equipment (net) | $693.6M | $625.8M | $593.4M | $506.1M | $461.3M | $417.4M | $370.8M | $93.5M | $83.9M | $65.3M |
| Goodwill & intangible assets | $6.48B | $3.48B | $3.12B | $3.15B | $1.65B | $1.70B | $1.43B | $1.39B | $638.2M | $487.6M |
| Long-term investments | $74.3M | $62.2M | $48.2M | $52.6M | $42.2M | $20.4M | $15.7M | $7.8M | $5.8M | $7.0M |
| Other non-current assets | $0 | $331.7M | $247.5M | $177.6M | $146.4M | $119.3M | $361.5M | $110.2M | $112.3M | $110.3M |
| Total assets | $6.78B | $6.10B | $5.48B | $5.10B | $3.87B | $3.29B | $2.89B | $2.36B | $1.44B | $1.19B |
| Liabilities | ||||||||||
| Accounts payable | $510.6M | $494.6M | $535.8M | $503.2M | $391.2M | $297.8M | $261.9M | $251.4M | $227.1M | $83.6M |
| Short-term debt | $240.6M | $171.7M | $260.5M | $110.6M | $245.3M | $306.0M | $74.1M | $1.8M | $2.4M | $2.0M |
| Deferred revenue | — | $63.5M | $45.3M | $25.6M | $30.4M | $21.1M | $24.1M | $39.6M | $24.8M | $14.5M |
| Total current liabilities | $240.6M | $1.51B | $1.44B | $1.34B | $1.54B | $1.11B | $924.3M | $798.7M | $673.0M | $510.6M |
| Long-term debt | $1.63B | $1.50B | $1.50B | $1.66B | $754.8M | $694.8M | $607.2M | $670.3M | $247.5M | $260.5M |
| Lease obligations | $518.9M | $476.9M | $465.4M | $407.5M | $377.6M | $330.6M | $299.1M | — | — | — |
| Other long-term liabilities | $2.10B | $612.0M | $617.5M | $519.6M | $459.5M | $460.6M | $484.8M | $153.3M | $86.5M | $76.3M |
| Total liabilities | $3.96B | $3.62B | $3.56B | $3.53B | $2.75B | $2.26B | $2.02B | $1.62B | $1.01B | $847.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | $1.47B | $1.13B | $845.7M | $852.2M | $458.0M | $442.2M | $415.8M | $407.0M | $399.8M |
| Retained earnings (deficit) | −$98.5M | −$186.3M | −$332.9M | −$384.2M | −$279.7M | $119.4M | $77.2M | −$21.8M | −$128.4M | −$174.3M |
| Accumulated other comprehensive income | — | −$101.5M | −$69.6M | −$76.3M | −$70.3M | −$62.0M | −$67.2M | −$61.2M | −$43.4M | −$71.3M |
| Minority interest | $1.29B | $1.15B | $1.07B | $1.08B | — | — | — | — | — | — |
| Total shareholders' equity | $1.53B | $1.32B | $848.0M | $489.7M | $581.6M | $582.4M | $512.9M | $392.0M | $289.5M | $212.5M |
| Key figures | ||||||||||
| Total debt | $2.70B | $2.06B | $2.14B | $2.10B | $1.30B | $1.25B | $910.5M | $672.1M | $249.9M | $262.5M |
| Net cash (debt) | −$2.44B | −$1.83B | −$1.93B | −$1.90B | −$877.8M | −$1.08B | −$782.9M | −$545.1M | −$141.4M | −$149.3M |
| Working capital | $1.14B | $91.3M | $33.1M | −$128.2M | $33.8M | −$72.5M | −$206.2M | −$38.4M | −$71.2M | $14.0M |
| Tangible book value | −$4.95B | −$2.16B | −$2.27B | −$2.66B | −$1.07B | −$1.12B | −$913.8M | −$993.9M | −$348.7M | −$275.1M |
| Book value per share | $41.17 | $26.40 | $18.33 | $11.15 | $13.55 | $14.50 | $12.83 | $9.85 | $7.36 | $5.47 |
| Shares outstanding | 37.2M | 50.2M | 46.3M | 43.9M | 42.9M | 40.2M | 40.0M | 39.8M | 39.3M | 38.9M |
| Current ratio | 5.75 | 1.06 | 1.02 | 0.90 | 1.02 | 0.93 | 0.78 | 0.95 | 0.89 | 1.03 |
| Quick ratio | 5.75 | 0.81 | 0.83 | 0.71 | 0.78 | 0.55 | 0.61 | 0.85 | 0.73 | 0.90 |
| Debt / equity | 1.76 | 1.55 | 2.52 | 4.28 | 2.23 | 2.15 | 1.78 | 1.71 | 0.86 | 1.24 |
| Equity / assets | 22.6% | 21.7% | 15.5% | 9.6% | 15.0% | 17.7% | 17.7% | 16.6% | 20.1% | 17.8% |
| 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 | $318.6M | $249.4M | $256.4M | $212.5M | $183.3M | $186.3M | $224.8M | $157.0M | $162.6M | $165.3M | $204.7M | $168.6M |
| Cash & equivalents | $318.6M | $249.4M | $256.4M | $212.5M | $183.3M | $186.3M | $176.3M | $157.0M | $162.6M | $165.3M | $181.1M | $168.6M |
| Short-term investments | — | — | $54.9M | $63.7M | $58.3M | — | $48.6M | — | — | — | $23.5M | $23.5M |
| Receivables | $1.32B | $1.22B | $1.13B | $1.19B | $1.06B | $911.8M | $998.3M | $1.05B | $891.4M | $773.3M | $987.9M | $688.3M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.30B | −$14.2M | $112.1M |
| Other current assets | $0 | $0 | $0 | $470.0M | $478.7M | $489.7M | $376.3M | $520.9M | $430.1M | $0 | $296.0M | $349.6M |
| Total current assets | $1.63B | $1.47B | $1.38B | $1.87B | $1.73B | $1.59B | $1.60B | $1.73B | $1.48B | $1.30B | $1.47B | $1.32B |
| Property, plant & equipment (net) | $795.0M | $743.7M | $693.6M | $648.7M | $647.5M | $631.1M | $625.8M | $624.9M | $582.0M | $576.3M | $593.4M | $547.8M |
| Goodwill & intangible assets | $7.65B | $6.52B | $6.48B | $3.87B | $3.57B | $3.48B | $3.48B | $3.54B | $3.05B | $3.07B | $3.12B | $3.11B |
| Long-term investments | $0 | $0 | $74.3M | $0 | $0 | $0 | $62.2M | $0 | $0 | $0 | $48.2M | $0 |
| Other non-current assets | $0 | $0 | $0 | $413.9M | $513.9M | $410.8M | $331.7M | $342.3M | $557.4M | $332.8M | $247.5M | $259.4M |
| Total assets | $7.94B | $6.95B | $6.78B | $6.81B | $6.46B | $6.11B | $6.10B | $6.24B | $5.67B | $5.27B | $5.48B | $5.24B |
| Liabilities | ||||||||||||
| Accounts payable | $660.2M | $507.6M | $510.6M | $506.9M | $511.6M | $467.6M | $494.6M | $524.0M | $486.5M | $468.1M | $535.8M | $507.6M |
| Short-term debt | $302.9M | $304.2M | $240.6M | $286.7M | $212.6M | $192.7M | $171.7M | $237.3M | $229.8M | $122.3M | $260.5M | $140.9M |
| Deferred revenue | — | — | — | $84.7M | $75.7M | $68.4M | $63.5M | $66.0M | $51.3M | $46.5M | $45.3M | $57.4M |
| Total current liabilities | $302.9M | $304.2M | $240.6M | $1.64B | $1.47B | $1.35B | $1.51B | $1.48B | $1.44B | $1.10B | $1.44B | $1.24B |
| Long-term debt | $2.49B | $1.86B | $1.63B | $1.83B | $1.72B | $1.66B | $1.50B | $1.79B | $1.35B | $1.34B | $1.50B | $1.64B |
| Lease obligations | $625.1M | $581.6M | $518.9M | $485.6M | $484.5M | $481.3M | $476.9M | $472.2M | $459.0M | $447.9M | $465.4M | $432.4M |
| Other long-term liabilities | $2.30B | $1.96B | $2.10B | $610.7M | $723.4M | $605.2M | $612.0M | $593.3M | $575.9M | $609.8M | $617.5M | $535.8M |
| Total liabilities | $5.09B | $4.13B | $3.96B | $4.09B | $3.92B | $3.61B | $3.62B | $3.86B | $3.37B | $3.05B | $3.56B | $3.41B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | $1.51B | $1.49B | $1.47B | $1.47B | $1.45B | $1.44B | $1.43B | $1.13B | $1.10B |
| Retained earnings (deficit) | −$101.6M | −$122.5M | −$98.5M | −$151.9M | −$194.1M | −$190.5M | −$186.3M | −$253.8M | −$291.0M | −$320.2M | −$332.9M | −$393.2M |
| Accumulated other comprehensive income | — | — | — | −$79.5M | −$74.0M | −$90.5M | −$101.5M | −$72.6M | −$76.4M | −$76.7M | −$69.6M | −$77.1M |
| Minority interest | $1.31B | $1.30B | $1.29B | $1.28B | $1.16B | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.54B | $1.52B | $1.53B | $1.44B | $1.39B | $1.34B | $1.32B | $1.25B | $1.19B | $1.16B | $848.0M | $749.9M |
| Key figures | ||||||||||||
| Total debt | $3.31B | $2.66B | $2.70B | $2.50B | $2.32B | $2.23B | $2.06B | $2.41B | $1.96B | $1.82B | $2.14B | $2.12B |
| Net cash (debt) | −$2.99B | −$2.41B | −$2.44B | −$2.29B | −$2.14B | −$2.04B | −$1.83B | −$2.25B | −$1.79B | −$1.65B | −$1.93B | −$1.95B |
| Working capital | $1.33B | $1.16B | $1.14B | $229.3M | $255.9M | $236.2M | $91.3M | $250.8M | $42.9M | $196.7M | $33.1M | $80.1M |
| Tangible book value | −$6.11B | −$5.00B | −$4.95B | −$2.43B | −$2.19B | −$2.14B | −$2.16B | −$2.29B | −$1.85B | −$1.90B | −$2.27B | −$2.36B |
| Book value per share | $41.99 | $41.38 | $41.03 | $39.09 | $37.06 | $26.49 | $25.96 | $24.70 | $32.38 | $23.77 | $17.82 | $15.77 |
| Shares outstanding | 36.7M | 36.7M | 37.3M | 36.9M | 37.4M | 50.6M | 51.0M | 50.8M | 36.9M | 48.8M | 47.6M | 47.5M |
| Current ratio | 5.40 | 4.82 | 5.75 | 1.14 | 1.17 | 1.17 | 1.06 | 1.17 | 1.03 | 1.18 | 1.02 | 1.06 |
| Quick ratio | 5.40 | 4.82 | 5.75 | 0.85 | 0.85 | 0.81 | 0.81 | 0.82 | 0.73 | 0.85 | 0.83 | 0.69 |
| Debt / equity | 2.14 | 1.75 | 1.76 | 1.74 | 1.68 | 1.66 | 1.55 | 1.92 | 1.64 | 1.57 | 2.52 | 2.83 |
| Equity / assets | 19.4% | 21.9% | 22.6% | 21.2% | 21.4% | 21.9% | 21.7% | 20.1% | 21.1% | 22.0% | 15.5% | 14.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 20, 2026); data from EODHD.
CIGI financial position
At the end of fiscal 2025 (December 31, 2025), Colliers International had total assets of $6.8 billion (up 11.1% from a year earlier), total liabilities of $4.0 billion and shareholders' equity of $1.5 billion. It held $256.4 million in cash and short-term investments against $2.7 billion of debt, net debt of $2.4 billion. Its current ratio was 5.75. In the latest quarter (ended June 30, 2026) total assets were $7.9 billion and equity $1.5 billion.
Related: CIGI income statement, CIGI cash flow statement, CIGI key metrics. See the CIGI stock overview for the latest quote and news.
CIGI balance sheet FAQ
What are Colliers International's total assets?
Colliers International reported total assets of $6.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.1 billion a year earlier.
How much debt does Colliers International have?
Colliers International had $2.7 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.76.
How much cash does Colliers International have?
Colliers International held $256.4 million in cash and short-term investments at the end of fiscal 2025; with $2.7 billion of debt that is net debt of $2.4 billion.
What is Colliers International's book value?
Colliers International's shareholders' equity (book value) was $1.5 billion at the end of fiscal 2025, or $41.17 per share.
What is Colliers International's current ratio?
Colliers International had current assets of $1.4 billion and current liabilities of $240.6 million, a current ratio of 5.75 (it can cover its short-term obligations).
How much goodwill does Colliers International have?
Colliers International carried $6.5 billion of goodwill and intangible assets, 95.6% of total assets, at the end of fiscal 2025.