Cosmos Health Inc. (COSM) Balance Sheet
COSM balance sheet, 2025
December 31, 2025 · U.S. dollars$65.5M assets = $47.1M liabilities + $18.4M equity
Both columns are drawn to the same scale: what COSM owns equals what it owes plus shareholders’ equity. Hover a block for its value.
COSM financial health
Descriptive bands, not a rating. Fiscal 2025.
COSM balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.1M2016 | $65.5M2025 | +40.3%/yr | |
| Total liabilities | $4.9M2016 | $47.1M2025 | +28.7%/yr | |
| Shareholders’ equity | −$1.8M2016 | $18.4M2025 | — | |
| Cash & short-term investments | $716,5902016 | $761,8322025 | +0.7%/yr | |
| Total debt | $3.2M2016 | $20.0M2025 | +22.6%/yr | |
| Net cash (debt) | −$2.5M2016 | −$19.2M2025 | −$16.7M | |
| Working capital | −$2.2M2016 | $116,4122025 | +$2.4M | |
| Current ratio | 0.542016 | 1.002025 | +0.46 | |
| Debt / equity | 6.192021 | 1.082025 | −5.11 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
COSM assets
COSM liabilities and equity
COSM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
COSM balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $761,832 | $336,253 | $3.9M | $20.8M | $293,183 | $851,187 | $277,477 | $3.6M | $782,853 | $716,590 |
| Cash & equivalents | $715,674 | $315,105 | $3.8M | $20.7M | $286,487 | $628,395 | $38,537 | $864,343 | $782,853 | $716,590 |
| Short-term investments | $46,158 | $21,148 | $20,075 | $14,881 | $6,696 | $222,792 | $238,940 | $2.7M | $0 | $0 |
| Receivables | $22.6M | $15.9M | $19.8M | $22.8M | $30.1M | $26.9M | $9.3M | $4.9M | $1.4M | $793,750 |
| Inventory | $5.8M | $4.4M | $4.8M | $3.5M | $3.1M | $3.3M | $3.5M | $3.2M | $3.1M | $464,219 |
| Other current assets | $9.3M | $4.9M | $8.2M | $9.1M | $7.3M | $9.7M | $8.2M | $6.6M | $4.2M | $662,053 |
| Total current assets | $38.4M | $25.5M | $36.6M | $56.0M | $40.9M | $40.8M | $21.2M | $18.3M | $9.5M | $2.6M |
| Property, plant & equipment (net) | $11.8M | $10.4M | $13.6M | $2.9M | $1.9M | $1.8M | $1.7M | $1.4M | $114,567 | $52,715 |
| Goodwill & intangible assets | $7.6M | $7.8M | $7.7M | $706,914 | $493,160 | $230,506 | $263,681 | $296,767 | −$41.9M | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $7.7M | $10.7M | $8.1M | $8.4M | $6.2M | $1.1M | $702,439 | $625,392 | $43.0M | $429,203 |
| Total assets | $65.5M | $54.3M | $66.0M | $68.0M | $49.4M | $43.8M | $23.9M | $20.7M | $10.7M | $3.1M |
| Liabilities | ||||||||||
| Accounts payable | $14.6M | $11.2M | $11.9M | $10.3M | $12.1M | $12.0M | $8.0M | $5.9M | $2.2M | $591,691 |
| Short-term debt | $13.7M | $9.8M | — | $8.3M | $13.6M | $20.0M | $18.9M | $15.0M | $10.2M | $3.2M |
| Deferred revenue | — | — | — | −$126,840 | $2.9M | $22,340 | $247,318 | $1.1M | — | — |
| Total current liabilities | $38.3M | $25.8M | $24.3M | $21.7M | $29.9M | $34.3M | $28.2M | $22.3M | $13.7M | $4.9M |
| Long-term debt | $5.9M | $1.6M | $3.0M | $2.9M | $12.7M | $10.8M | $0 | $0 | $0 | $0 |
| Lease obligations | $599,442 | $709,999 | $1.2M | $1.1M | $1.1M | $1.1M | $633,288 | $0 | $0 | $0 |
| Other long-term liabilities | $2.9M | $2.5M | $2.6M | $3.8M | $2.4M | $2.9M | $2.1M | $1.7M | $12.0M | $3.8M |
| Total liabilities | $47.1M | $29.8M | $30.0M | $28.4M | $45.0M | $48.0M | $30.3M | $24.0M | $13.7M | $4.9M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $41,154 | $23,689 | — | $10,606 | $17,544 | $13,484 | $13,225 | $13,879 | $12,825 | $125,871 |
| Retained earnings (deficit) | −$133.2M | −$114.0M | −$91.6M | −$66.2M | −$34.3M | −$18.8M | −$19.6M | −$16.3M | −$7.2M | −$1.0M |
| Treasury stock | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Accumulated other comprehensive income | $331,503 | −$2.1M | — | −$1.1M | −$151,621 | $854,896 | −$16,339 | $32,828 | −$1.4M | −$1.1M |
| Minority interest | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Total shareholders' equity | $18.4M | $24.5M | $36.0M | $39.7M | $4.4M | −$4.2M | −$6.5M | −$3.3M | −$3.0M | −$1.8M |
| Key figures | ||||||||||
| Total debt | $20.0M | $11.8M | $3.0M | $12.0M | $27.1M | $32.0M | $19.3M | $16.6M | $10.2M | $3.2M |
| Net cash (debt) | −$19.2M | −$11.5M | $817,929 | $8.7M | −$26.8M | −$31.2M | −$19.0M | −$13.0M | −$9.4M | −$2.5M |
| Working capital | $116,412 | −$296,193 | $12.3M | $34.3M | $11.0M | $6.5M | −$7.1M | −$3.9M | −$4.2M | −$2.2M |
| Tangible book value | $10.9M | $16.8M | $28.4M | $38.9M | $3.9M | −$4.4M | −$6.7M | −$3.6M | $38.9M | −$1.8M |
| Book value per share | $0.61 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 30.3M | — | — | — | — | — | — | — | — | — |
| Current ratio | 1.00 | 0.99 | 1.51 | 2.58 | 1.37 | 1.19 | 0.75 | 0.82 | 0.69 | 0.54 |
| Quick ratio | 0.61 | 0.63 | 0.97 | 2.00 | 1.02 | 0.81 | 0.34 | 0.38 | 0.16 | 0.31 |
| Debt / equity | 1.08 | 0.48 | 0.08 | 0.30 | 6.19 | — | — | — | — | — |
| Equity / assets | 28.1% | 45.2% | 54.6% | 58.3% | 8.9% | −9.5% | −27.1% | −16.0% | −28.4% | −56.2% |
| 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 | $1.8M | $548,927 | $761,832 | $922,619 | $685,769 | $768,159 | $336,253 | $3.3M | $365,018 | $886,427 | $3.9M | $2.4M |
| Cash & equivalents | $1.8M | $514,702 | $715,674 | $889,441 | $655,503 | $742,881 | $315,105 | $3.3M | $343,509 | $865,099 | $3.8M | $2.4M |
| Short-term investments | $37,464 | $34,225 | $46,158 | $33,178 | $30,266 | $25,278 | $21,148 | $22,808 | $21,509 | $21,328 | $20,075 | $17,532 |
| Receivables | $22.1M | $21.5M | $19.6M | $19.6M | $18.3M | $17.1M | $13.5M | $17.5M | $20.9M | $19.1M | $19.8M | $29.4M |
| Inventory | $4.5M | $5.7M | $5.8M | $5.7M | $5.1M | $4.7M | $4.4M | $4.9M | $4.3M | $4.9M | $4.8M | $6.0M |
| Other current assets | $8.2M | $9.2M | $12.2M | $11.9M | $6.4M | $5.2M | $7.3M | $10.5M | $7.9M | $9.5M | $8.2M | $8.7M |
| Total current assets | $36.7M | $36.9M | $38.4M | $38.1M | $30.6M | $27.8M | $25.5M | $36.2M | $33.4M | $34.3M | $36.6M | $46.5M |
| Property, plant & equipment (net) | $10.8M | $11.0M | $11.8M | $13.3M | $13.5M | $12.7M | $12.4M | $11.3M | $12.8M | $13.0M | $13.5M | $13.4M |
| Goodwill & intangible assets | $8.6M | $9.3M | $7.6M | $8.0M | $8.2M | $7.8M | $7.8M | $7.7M | $7.7M | $8.0M | $7.8M | $4.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $5.4M | $5.2M | $7.7M | $10.1M | $9.5M | $8.8M | $8.7M | $9.2M | $6.9M | $7.1M | $8.1M | $7.6M |
| Total assets | $61.5M | $62.4M | $65.5M | $69.5M | $61.8M | $57.2M | $54.3M | $64.5M | $60.8M | $62.3M | $66.0M | $71.5M |
| Liabilities | ||||||||||||
| Accounts payable | $14.5M | $13.9M | $14.6M | $14.3M | $13.0M | $11.7M | $11.2M | $12.6M | $10.9M | $11.1M | $11.9M | $12.6M |
| Short-term debt | $12.5M | $10.8M | — | $14.9M | $13.1M | $10.3M | — | $7.9M | $8.9M | — | — | $6.7M |
| Deferred revenue | — | — | — | — | — | — | — | — | $648,185 | — | — | −$82,500 |
| Total current liabilities | $34.8M | $34.1M | $38.3M | $38.5M | $31.2M | $26.6M | $25.8M | $25.2M | $24.8M | $23.6M | $24.3M | $22.6M |
| Long-term debt | $3.0M | $6.1M | $5.9M | $5.7M | $2.1M | $2.1M | $1.6M | $2.6M | $2.4M | $2.7M | $3.0M | $3.2M |
| Lease obligations | $637,562 | $669,883 | $599,442 | $658,769 | $677,728 | $680,674 | $709,999 | $734,312 | $757,907 | $812,176 | $1.2M | $1.2M |
| Other long-term liabilities | $2.9M | $2.3M | $2.9M | $2.1M | $2.4M | $2.6M | $2.5M | $1.7M | $1.5M | $1.5M | $2.6M | $1.2M |
| Total liabilities | $40.8M | $42.5M | $47.1M | $46.4M | $35.6M | $31.2M | $29.8M | $29.5M | $28.7M | $27.8M | $30.0M | $27.0M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $83,409 | $49,868 | — | $31,956 | $29,804 | $27,285 | — | $23,346 | $17,834 | — | — | $13,069 |
| Retained earnings (deficit) | −$142.1M | −$136.0M | −$133.2M | −$123.0M | −$117.7M | −$114.8M | −$114.0M | −$104.5M | −$96.1M | −$93.5M | −$91.6M | −$71.0M |
| Accumulated other comprehensive income | −$18,360 | $36,442 | — | $714,049 | $458,807 | −$1.1M | — | −$447,832 | −$1.2M | — | — | −$1.6M |
| Total shareholders' equity | $20.7M | $19.8M | $18.4M | $23.1M | $26.2M | $26.0M | $24.5M | $35.0M | $32.1M | $34.5M | $36.0M | $44.6M |
| Key figures | ||||||||||||
| Total debt | $16.0M | $17.4M | $5.9M | $21.1M | $15.6M | $12.8M | $1.6M | $11.0M | $11.8M | $2.7M | $3.0M | $10.8M |
| Net cash (debt) | −$14.1M | −$16.9M | −$5.1M | −$20.1M | −$15.0M | −$12.1M | −$1.2M | −$7.7M | −$11.4M | −$1.8M | $817,929 | −$8.4M |
| Working capital | $1.8M | $2.8M | $116,412 | −$430,028 | −$604,250 | $1.3M | −$296,193 | $11.0M | $8.6M | $10.7M | $12.3M | $23.9M |
| Tangible book value | $12.0M | $10.5M | $10.9M | $15.2M | $18.0M | $18.1M | $16.8M | $27.2M | $24.4M | $26.6M | $28.2M | $40.5M |
| Book value per share | $0.35 | $0.42 | $0.45 | $0.76 | $0.91 | $1.00 | $1.04 | — | — | — | — | — |
| Shares outstanding | 59.9M | 47.1M | 41.1M | 30.6M | 28.8M | 26.0M | 23.6M | — | — | — | — | — |
| Current ratio | 1.05 | 1.08 | 1.00 | 0.99 | 0.98 | 1.05 | 0.99 | 1.44 | 1.35 | 1.46 | 1.51 | 2.06 |
| Quick ratio | 0.69 | 0.65 | 0.53 | 0.53 | 0.61 | 0.67 | 0.54 | 0.83 | 0.86 | 0.85 | 0.97 | 1.41 |
| Debt / equity | 0.77 | 0.88 | 0.32 | 0.91 | 0.60 | 0.50 | 0.06 | 0.32 | 0.37 | 0.08 | 0.08 | 0.24 |
| Equity / assets | 33.6% | 31.8% | 28.1% | 33.3% | 42.4% | 45.4% | 45.2% | 54.2% | 52.8% | 55.4% | 54.6% | 62.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 15, 2026); data from EODHD.
COSM financial position
At the end of fiscal 2025 (December 31, 2025), Cosmos Health had total assets of $65.5 million (up 20.6% from a year earlier), total liabilities of $47.1 million and shareholders' equity of $18.4 million. It held $0.8 million in cash and short-term investments against $20.0 million of debt, net debt of $19.2 million. Its current ratio was 1.00. In the latest quarter (ended June 30, 2026) total assets were $61.5 million and equity $20.7 million.
Related: COSM income statement, COSM cash flow statement, COSM key metrics. See the COSM stock overview for the latest quote and news.
COSM balance sheet FAQ
What are Cosmos Health's total assets?
Cosmos Health reported total assets of $65.5 million at the end of fiscal 2025 (December 31, 2025), compared with $54.3 million a year earlier.
How much debt does Cosmos Health have?
Cosmos Health had $20.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.08.
How much cash does Cosmos Health have?
Cosmos Health held $0.8 million in cash and short-term investments at the end of fiscal 2025; with $20.0 million of debt that is net debt of $19.2 million.
What is Cosmos Health's book value?
Cosmos Health's shareholders' equity (book value) was $18.4 million at the end of fiscal 2025, or $0.61 per share.
What is Cosmos Health's current ratio?
Cosmos Health had current assets of $38.4 million and current liabilities of $38.3 million, a current ratio of 1.00 (it can cover its short-term obligations).
How much goodwill does Cosmos Health have?
Cosmos Health carried $7.6 million of goodwill and intangible assets, 11.6% of total assets, at the end of fiscal 2025.