Circle8 Group, Inc. (CIRC) Balance Sheet
CIRC balance sheet, 2025
December 31, 2025 · U.S. dollars$113.2M assets = $145.3M liabilities + −$32.1M equity
Liabilities exceed assets: shareholders’ equity is negative (−$32.1M).
Both columns are drawn to the same scale: what CIRC owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CIRC financial health
Descriptive bands, not a rating. Fiscal 2025.
CIRC balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $8.4M2022 | $113.2M2025 | +137.9%/yr | |
| Total liabilities | $4.0M2022 | $145.3M2025 | +229.9%/yr | |
| Shareholders’ equity | $4.4M2022 | −$32.1M2025 | — | |
| Cash & short-term investments | $6.2M2022 | $81,1342025 | −76.5%/yr | |
| Total debt | $1.4M2022 | $87.7M2025 | +299.5%/yr | |
| Net cash (debt) | $4.8M2022 | −$87.6M2025 | −$92.4M | |
| Working capital | $5.4M2022 | −$33.8M2025 | −$39.2M | |
| Book value per share | −$0.332024 | −$0.592025 | — | |
| Current ratio | 5.402022 | 0.712025 | −4.70 | |
| Shares outstanding | 36.8M2024 | 54.8M2025 | +49.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CIRC assets
CIRC liabilities and equity
CIRC debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CIRC balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $81,134 | $678,676 | $1.4M | $6.2M |
| Cash & equivalents | $81,134 | $678,676 | $1.4M | $2.2M |
| Short-term investments | — | — | $0 | $4.0M |
| Receivables | $70.0M | $64.1M | $58.8M | $21,214 |
| Inventory | $0 | $0 | $0 | $165,852 |
| Other current assets | $11.1M | $20.3M | $18.6M | $231,859 |
| Total current assets | $81.2M | $85.0M | $78.8M | $6.6M |
| Property, plant & equipment (net) | $3.2M | $2.4M | $2.8M | $1.7M |
| Goodwill & intangible assets | $26.6M | $31.4M | $36.2M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $2.3M | $960,601 | $8.9M | $118,954 |
| Total assets | $113.2M | $119.8M | $126.7M | $8.4M |
| Liabilities | ||||
| Accounts payable | $5.1M | $2.0M | $799,568 | $622,436 |
| Short-term debt | $57.3M | — | — | — |
| Total current liabilities | $115.0M | $94.2M | $161.6M | $1.2M |
| Long-term debt | $28.8M | $36.7M | $980,851 | $1.4M |
| Lease obligations | $3.0M | $2.1M | $1.4M | $1.6M |
| Other long-term liabilities | $1.5M | $813,740 | $3.5M | $1.4M |
| Total liabilities | $145.3M | $131.8M | $166.0M | $4.0M |
| Shareholders' equity | ||||
| Common stock & paid-in capital | $557 | — | — | — |
| Retained earnings (deficit) | −$194.9M | −$135.5M | −$61.8M | −$18.5M |
| Total shareholders' equity | −$32.1M | −$12.0M | −$39.4M | $4.4M |
| Key figures | ||||
| Total debt | $87.7M | $36.7M | $980,851 | $1.4M |
| Net cash (debt) | −$87.6M | −$36.0M | $372,076 | $4.8M |
| Working capital | −$33.8M | −$9.2M | −$82.8M | $5.4M |
| Tangible book value | −$58.7M | −$43.4M | −$75.5M | $4.4M |
| Book value per share | −$0.59 | −$0.33 | — | — |
| Shares outstanding | 54.8M | 36.8M | — | — |
| Current ratio | 0.71 | 0.90 | 0.49 | 5.40 |
| Quick ratio | 0.61 | 0.69 | 0.37 | 5.08 |
| Debt / equity | — | — | — | 0.31 |
| Equity / assets | −28.3% | −10.0% | −31.1% | 51.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Cash & short-term investments | $19.3M | $24.1M | $81,134 | $83,406 | $374,745 | $1.5M |
| Cash & equivalents | $19.3M | $24.1M | $81,134 | $83,406 | $374,745 | $1.5M |
| Receivables | $180.0M | $190.4M | $70.0M | $59.9M | $46.7M | $46.1M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $131.4M | $113.4M | $11.1M | $11.8M | $21.0M | $25.1M |
| Total current assets | $330.8M | $327.9M | $81.2M | $71.7M | $68.1M | $72.7M |
| Property, plant & equipment (net) | $8.1M | $7.9M | $3.2M | $2.4M | $2.7M | $2.7M |
| Goodwill & intangible assets | $624.9M | $640.6M | $26.6M | $27.8M | $29.0M | $30.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.8M | $4.7M | $2.3M | $8.4M | $6.9M | $938,166 |
| Total assets | $965.6M | $981.0M | $113.2M | $110.3M | $106.8M | $106.5M |
| Liabilities | ||||||
| Accounts payable | $166.0M | $152.6M | $5.1M | $5.3M | $3.2M | $1.9M |
| Short-term debt | — | $471.2M | $57.3M | $4.5M | — | — |
| Total current liabilities | $842.6M | $836.2M | $115.0M | $58.2M | $52.0M | $117.4M |
| Long-term debt | $109.0M | $50.9M | $28.8M | $73.1M | $72.0M | $3.1M |
| Lease obligations | $6.6M | $6.4M | $3.0M | $2.2M | $2.5M | $1.3M |
| Other long-term liabilities | $36.0M | $39.2M | $1.5M | $1.1M | $1.2M | $0 |
| Total liabilities | $987.6M | $926.3M | $145.3M | $132.3M | $125.2M | $120.5M |
| Shareholders' equity | ||||||
| Common stock & paid-in capital | — | $793 | $557 | $558 | — | — |
| Retained earnings (deficit) | −$312.0M | −$225.7M | −$194.9M | −$167.8M | −$156.9M | −$146.2M |
| Accumulated other comprehensive income | — | −$1.2M | — | — | — | — |
| Minority interest | $3.4M | $3.4M | — | — | — | — |
| Total shareholders' equity | −$25.3M | $51.4M | −$32.1M | −$22.1M | −$18.5M | −$14.0M |
| Key figures | ||||||
| Total debt | $109.0M | $525.8M | $87.7M | $78.6M | $72.0M | $3.1M |
| Net cash (debt) | −$89.6M | −$501.7M | −$87.6M | −$78.5M | −$71.7M | −$1.6M |
| Working capital | −$511.8M | −$508.3M | −$33.8M | $13.5M | $16.2M | −$44.8M |
| Tangible book value | −$650.2M | −$589.2M | −$58.7M | −$49.9M | −$47.5M | −$44.2M |
| Book value per share | −$0.31 | $0.69 | −$0.58 | −$0.40 | −$0.34 | −$0.26 |
| Shares outstanding | 81.0M | 74.0M | 55.7M | 55.1M | 54.6M | 54.0M |
| Current ratio | 0.39 | 0.39 | 0.71 | 1.23 | 1.31 | 0.62 |
| Quick ratio | 0.24 | 0.26 | 0.61 | 1.03 | 0.91 | 0.41 |
| Debt / equity | — | 10.24 | — | — | — | — |
| Equity / assets | −2.6% | 5.2% | −28.3% | −20.0% | −17.3% | −13.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
CIRC financial position
At the end of fiscal 2025 (December 31, 2025), Circle8 had total assets of $113.2 million (down 5.4% from a year earlier), total liabilities of $145.3 million and shareholders' equity of -$32.1 million. It held $0.1 million in cash and short-term investments against $87.7 million of debt, net debt of $87.6 million. Its current ratio was 0.71. In the latest quarter (ended June 30, 2026) total assets were $965.6 million and equity -$25.3 million.
Related: CIRC income statement, CIRC cash flow statement, CIRC key metrics. See the CIRC stock overview for the latest quote and news.
CIRC balance sheet FAQ
What are Circle8's total assets?
Circle8 reported total assets of $113.2 million at the end of fiscal 2025 (December 31, 2025), compared with $119.8 million a year earlier.
How much debt does Circle8 have?
Circle8 had $87.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was —.
How much cash does Circle8 have?
Circle8 held $0.1 million in cash and short-term investments at the end of fiscal 2025; with $87.7 million of debt that is net debt of $87.6 million.
What is Circle8's book value?
Circle8's shareholders' equity (book value) was -$32.1 million at the end of fiscal 2025, or −$0.59 per share.
What is Circle8's current ratio?
Circle8 had current assets of $81.2 million and current liabilities of $115.0 million, a current ratio of 0.71 (current liabilities exceed current assets).
How much goodwill does Circle8 have?
Circle8 carried $26.6 million of goodwill and intangible assets, 23.5% of total assets, at the end of fiscal 2025.