Creative Realities, Inc. (CREX) Balance Sheet
CREX balance sheet, 2025
December 31, 2025 · U.S. dollars$151.0M assets = $101.9M liabilities + $49.2M equity
Both columns are drawn to the same scale: what CREX owns equals what it owes plus shareholders’ equity. Hover a block for its value.
CREX financial health
Descriptive bands, not a rating. Fiscal 2025.
CREX balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $24.4M2016 | $151.0M2025 | +22.4%/yr | |
| Total liabilities | $22.4M2016 | $101.9M2025 | +18.3%/yr | |
| Shareholders’ equity | $2.0M2016 | $21.5M2025 | +30.4%/yr | |
| Cash & short-term investments | $1.4M2016 | $1.6M2025 | +1.6%/yr | |
| Total debt | $7.6M2016 | $65.6M2025 | +27.0%/yr | |
| Net cash (debt) | −$6.3M2016 | −$64.0M2025 | −$57.8M | |
| Working capital | −$8.0M2016 | −$5.7M2025 | +$2.3M | |
| Book value per share | $5.692019 | $2.052025 | −15.7%/yr | |
| Current ratio | 0.442016 | 0.852025 | +0.41 | |
| Debt / equity | 3.862016 | 3.052025 | −0.81 | |
| Shares outstanding | 3.3M2019 | 10.5M2025 | +21.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CREX assets
CREX liabilities and equity
CREX debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
CREX balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.6M | $1.0M | $2.9M | $1.6M | $2.9M | $1.8M | $2.5M | $2.7M | $1.0M | $1.4M |
| Cash & equivalents | $1.6M | $1.0M | $2.9M | $1.6M | $2.9M | $1.8M | $2.5M | $2.7M | $1.0M | $1.4M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $19.2M | $10.6M | $12.5M | $8.3M | $3.4M | $2.3M | $4.7M | $7.7M | $6.0M | $4.2M |
| Inventory | $7.4M | $2.0M | $2.6M | $2.3M | $1.9M | $2.4M | $379,000 | $379,000 | $851,000 | $585,000 |
| Other current assets | $5.3M | $859,001 | $665,000 | $1.8M | $1.6M | $507,000 | $320,000 | $1.6M | $1.0M | $168,000 |
| Total current assets | $33.5M | $14.5M | $18.6M | $14.0M | $9.8M | $7.0M | $8.0M | $12.4M | $8.9M | $6.3M |
| Property, plant & equipment (net) | $2.9M | $1.1M | $1.5M | $1.8M | $729,000 | $2.3M | $3.3M | $1.2M | $1.1M | $912,000 |
| Goodwill & intangible assets | $89.2M | $49.3M | $50.5M | $50.2M | $12.4M | $11.3M | $22.6M | $24.0M | $15.9M | $17.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $25.4M | $311,999 | $112,000 | $43,000 | $5,000 | $5,000 | $135,000 | $179,000 | $172,000 | $138,000 |
| Total assets | $151.0M | $65.2M | $70.8M | $66.0M | $22.9M | $20.6M | $34.0M | $37.7M | $26.0M | $24.4M |
| Liabilities | ||||||||||
| Accounts payable | $16.7M | $6.4M | $7.9M | $3.8M | $2.5M | $1.7M | $1.8M | $2.0M | $2.0M | $3.2M |
| Short-term debt | $8.2M | $512,000 | $4.2M | $5.2M | $281,000 | $2.0M | $4.3M | $3.8M | $0 | $7.6M |
| Deferred revenue | $8.1M | $3.3M | $1.1M | $3.7M | $2.0M | $1.5M | $1.5M | $9.1M | $8.0M | $1.4M |
| Total current liabilities | $39.3M | $26.2M | $20.2M | $16.5M | $6.9M | $7.3M | $10.4M | $15.0M | $12.7M | $14.4M |
| Long-term debt | $39.5M | $13.0M | $9.8M | $13.1M | $6.9M | $6.7M | $3.8M | $5.5M | $5.5M | $0 |
| Lease obligations | $23.9M | $808,000 | $1.0M | $1.6M | $654,000 | $943,000 | $1.8M | — | — | — |
| Other long-term liabilities | $23.1M | $542,999 | $11.9M | $10.9M | $418,000 | $2.2M | $1.3M | $367,000 | $3.6M | $8.1M |
| Total liabilities | $101.9M | $39.7M | $41.9M | $40.4M | $14.2M | $16.3M | $15.5M | $20.9M | $21.7M | $22.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $105,000 | $104,000 | $104,000 | $72,000 | $120,000 | $109,000 | $98,000 | $97,000 | $826,000 | $22.5M |
| Retained earnings (deficit) | −$65.1M | −$56.9M | −$53.3M | −$50.4M | −$52.3M | −$52.5M | −$35.6M | −$36.9M | −$26.2M | −$20.5M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $1.2M | $0 | $0 | $0 | — | $0 | $0 | −$884,000 | −$3.2M | −$2.9M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $21.5M | $25.5M | $28.8M | $25.6M | $8.7M | $4.3M | $18.5M | $16.8M | $4.4M | $2.0M |
| Key figures | ||||||||||
| Total debt | $65.6M | $14.0M | $14.6M | $19.2M | $7.5M | $10.8M | $9.2M | $9.4M | $5.5M | $7.6M |
| Net cash (debt) | −$64.0M | −$12.9M | −$11.7M | −$17.5M | −$4.6M | −$9.0M | −$6.6M | −$6.7M | −$4.5M | −$6.3M |
| Working capital | −$5.7M | −$11.7M | −$1.6M | −$2.5M | $2.9M | −$306,000 | −$2.4M | −$2.6M | −$3.8M | −$8.0M |
| Tangible book value | −$67.7M | −$23.8M | −$21.7M | −$24.6M | −$3.6M | −$7.0M | −$4.1M | −$7.1M | −$11.5M | −$15.0M |
| Book value per share | $2.05 | $2.44 | $3.40 | $3.84 | $2.23 | $1.28 | $5.69 | — | — | — |
| Shares outstanding | 10.5M | 10.4M | 8.5M | 6.7M | 3.9M | 3.4M | 3.3M | — | — | — |
| Current ratio | 0.85 | 0.55 | 0.92 | 0.85 | 1.42 | 0.96 | 0.77 | 0.82 | 0.70 | 0.44 |
| Quick ratio | 0.53 | 0.44 | 0.76 | 0.60 | 0.91 | 0.57 | 0.70 | 0.69 | 0.55 | 0.39 |
| Debt / equity | 3.05 | 0.55 | 0.51 | 0.75 | 0.86 | 2.50 | 0.50 | 0.56 | 1.26 | 3.86 |
| Equity / assets | 14.2% | 39.0% | 40.7% | 38.7% | 38.1% | 21.0% | 54.5% | 44.6% | 16.7% | 8.1% |
| 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 | $10.7M | $1.8M | $1.6M | $314,000 | $569,000 | $1.1M | $1.0M | $868,000 | $4.1M | $2.9M | $2.9M | $8.4M |
| Cash & equivalents | $10.7M | $1.8M | $1.6M | $314,000 | $569,000 | $1.1M | $1.0M | $868,000 | $4.1M | $2.9M | $2.9M | $8.4M |
| Receivables | $15.5M | $16.1M | $19.2M | $11.1M | $10.6M | $13.0M | $10.6M | $11.3M | $9.5M | $9.5M | $12.5M | $5.9M |
| Inventory | $5.9M | $6.6M | $7.4M | $4.3M | $1.1M | $1.8M | $2.0M | $3.1M | $3.0M | $3.1M | $2.6M | $2.3M |
| Other current assets | $2.7M | $1.6M | $5.3M | $1.3M | $921,000 | $959,000 | $859,001 | $743,000 | $964,000 | $837,000 | $665,000 | $960,000 |
| Total current assets | $34.9M | $26.1M | $33.5M | $17.0M | $13.1M | $16.9M | $14.5M | $16.0M | $17.5M | $16.3M | $18.6M | $17.5M |
| Property, plant & equipment (net) | $24.3M | $25.0M | $27.7M | $2.1M | $2.1M | $1.0M | $1.1M | $1.3M | $1.4M | $1.3M | $1.5M | $1.7M |
| Goodwill & intangible assets | $83.3M | $86.6M | $89.2M | $41.8M | $48.1M | $48.8M | $49.3M | $50.0M | $50.2M | $50.4M | $50.5M | $50.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $455,000 | $565,000 | $611,000 | $373,000 | $251,000 | $333,000 | $311,999 | $355,000 | $393,000 | $112,000 | $112,000 | $43,000 |
| Total assets | $142.9M | $138.2M | $151.0M | $61.3M | $63.7M | $67.0M | $65.2M | $67.6M | $69.6M | $68.2M | $70.8M | $69.7M |
| Liabilities | ||||||||||||
| Accounts payable | $16.4M | $10.9M | $16.7M | $8.7M | $6.2M | $4.7M | $6.4M | $6.4M | $5.2M | $4.8M | $7.9M | $3.3M |
| Short-term debt | $11.6M | $10.8M | — | $1.2M | $1.0M | $791,000 | $512,000 | $461,000 | $449,000 | $13.2M | $4.2M | $4.8M |
| Deferred revenue | $4.9M | $10.7M | — | $2.5M | $1.9M | $5.5M | $3.3M | $6.2M | $6.5M | $1.8M | $1.1M | $7.0M |
| Total current liabilities | $38.6M | $35.6M | $39.3M | $16.5M | $13.0M | $13.7M | $26.2M | $27.5M | $26.7M | $38.7M | $20.2M | $19.7M |
| Long-term debt | $41.2M | $43.0M | $39.5M | $21.4M | $19.5M | $22.9M | $13.0M | $11.0M | $13.8M | $0 | $9.8M | $10.6M |
| Lease obligations | $21.0M | $22.7M | $23.9M | $1.8M | $1.9M | $699,000 | $808,000 | $924,000 | $1.0M | $875,000 | $1.0M | $1.2M |
| Other long-term liabilities | $15.6M | $18.5M | $23.1M | $1.5M | $1.7M | $524,000 | $542,999 | $772,000 | $772,000 | $622,000 | $11.9M | $12.0M |
| Total liabilities | $95.3M | $97.1M | $101.9M | $39.4M | $34.2M | $37.1M | $39.7M | $39.3M | $41.3M | $39.4M | $41.9M | $42.3M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $131,000 | $105,000 | — | $105,000 | $105,000 | $104,000 | $104,000 | $104,000 | $104,000 | $104,000 | $104,000 | $104,000 |
| Retained earnings (deficit) | −$76.5M | −$72.6M | −$65.1M | −$63.2M | −$55.3M | −$53.5M | −$56.9M | −$54.0M | −$54.1M | −$53.5M | −$53.3M | −$54.8M |
| Accumulated other comprehensive income | −$304,000 | $512,000 | — | — | $0 | — | $0 | — | $0 | $0 | $0 | $0 |
| Total shareholders' equity | $47.6M | $41.1M | $49.2M | $21.9M | $29.4M | $29.9M | $25.5M | $28.3M | $28.2M | $28.8M | $28.8M | $27.4M |
| Key figures | ||||||||||||
| Total debt | $41.5M | $70.1M | $39.5M | $24.0M | $22.0M | $23.9M | $14.0M | $11.9M | $14.9M | $13.6M | $14.6M | $16.0M |
| Net cash (debt) | −$30.8M | −$68.3M | −$38.0M | −$23.7M | −$21.4M | −$22.8M | −$12.9M | −$11.0M | −$10.8M | −$10.7M | −$11.7M | −$7.6M |
| Working capital | −$3.7M | −$9.5M | −$5.7M | $526,000 | $84,000 | $3.1M | −$11.7M | −$11.6M | −$9.2M | −$22.4M | −$1.6M | −$2.2M |
| Tangible book value | −$35.7M | −$45.5M | −$40.0M | −$19.9M | −$18.7M | −$18.9M | −$23.8M | −$21.7M | −$22.0M | −$21.6M | −$21.7M | −$23.0M |
| Book value per share | $4.51 | $3.90 | $4.68 | $2.08 | $2.81 | $2.86 | $2.44 | $2.66 | $2.70 | $2.77 | $2.77 | $3.15 |
| Shares outstanding | 10.6M | 10.6M | 10.5M | 10.5M | 10.5M | 10.4M | 10.4M | 10.6M | 10.4M | 10.4M | 10.4M | 8.7M |
| Current ratio | 0.90 | 0.73 | 0.85 | 1.03 | 1.01 | 1.23 | 0.55 | 0.58 | 0.66 | 0.42 | 0.92 | 0.89 |
| Quick ratio | 0.68 | 0.50 | 0.53 | 0.69 | 0.85 | 1.03 | 0.44 | 0.44 | 0.51 | 0.32 | 0.76 | 0.72 |
| Debt / equity | 0.87 | 1.70 | 0.80 | 1.09 | 0.75 | 0.80 | 0.55 | 0.42 | 0.53 | 0.47 | 0.51 | 0.58 |
| Equity / assets | 33.3% | 29.8% | 32.6% | 35.7% | 46.3% | 44.6% | 39.0% | 41.9% | 40.6% | 42.3% | 40.7% | 39.3% |
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.
CREX financial position
At the end of fiscal 2025 (December 31, 2025), Creative Realities had total assets of $151.0 million (up 131.6% from a year earlier), total liabilities of $101.9 million and shareholders' equity of $21.5 million. It held $1.6 million in cash and short-term investments against $65.6 million of debt, net debt of $64.0 million. Its current ratio was 0.85. In the latest quarter (ended June 30, 2026) total assets were $142.9 million and equity $47.6 million.
Related: CREX income statement, CREX cash flow statement, CREX key metrics. See the CREX stock overview for the latest quote and news.
CREX balance sheet FAQ
What are Creative Realities's total assets?
Creative Realities reported total assets of $151.0 million at the end of fiscal 2025 (December 31, 2025), compared with $65.2 million a year earlier.
How much debt does Creative Realities have?
Creative Realities had $65.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 3.05.
How much cash does Creative Realities have?
Creative Realities held $1.6 million in cash and short-term investments at the end of fiscal 2025; with $65.6 million of debt that is net debt of $64.0 million.
What is Creative Realities's book value?
Creative Realities's shareholders' equity (book value) was $21.5 million at the end of fiscal 2025, or $2.05 per share.
What is Creative Realities's current ratio?
Creative Realities had current assets of $33.5 million and current liabilities of $39.3 million, a current ratio of 0.85 (current liabilities exceed current assets).
How much goodwill does Creative Realities have?
Creative Realities carried $89.2 million of goodwill and intangible assets, 59.0% of total assets, at the end of fiscal 2025.