DarkHorse Technologies Inc. (DRK) Balance Sheet
DRK balance sheet, 2025
December 31, 2025 · U.S. dollars$25.1M assets = $1.8M liabilities + $23.3M equity
Both columns are drawn to the same scale: what DRK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DRK financial health
Descriptive bands, not a rating. Fiscal 2025.
DRK balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $83.0M2022 | $25.1M2025 | −32.9%/yr | |
| Total liabilities | $38.5M2022 | $1.8M2025 | −63.8%/yr | |
| Shareholders’ equity | $34.9M2022 | $23.3M2025 | −12.6%/yr | |
| Cash & short-term investments | $1.3M2022 | $3.7M2025 | +40.5%/yr | |
| Working capital | $4.1M2022 | $6.9M2025 | +$2.8M | |
| Book value per share | $15.452024 | $6.872025 | −55.5%/yr | |
| Current ratio | 1.662022 | 4.822025 | +3.16 | |
| Shares outstanding | 2.5M2024 | 3.4M2025 | +33.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DRK assets
DRK liabilities and equity
DRK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DRK balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $3.7M | $13.0M | $586,000 | $1.3M |
| Cash & equivalents | $3.7M | $5.4M | $586,000 | $1.3M |
| Short-term investments | $0 | $7.5M | $0 | — |
| Receivables | $0 | $0 | $0 | $174,000 |
| Inventory | $0 | $0 | $0 | $0 |
| Other current assets | $5.0M | $4.8M | $12.9M | $8.8M |
| Total current assets | $8.7M | $17.8M | $13.5M | $10.3M |
| Property, plant & equipment (net) | $14.6M | $22.0M | $24.2M | $34.3M |
| Goodwill & intangible assets | $1.6M | $3.1M | $4.6M | $9.5M |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $225,000 | $379,000 | $3.4M | $29.0M |
| Total assets | $25.1M | $43.2M | $45.7M | $83.0M |
| Liabilities | ||||
| Accounts payable | $427,000 | $1.2M | $2.4M | $3.0M |
| Total current liabilities | $1.8M | $3.9M | $5.3M | $6.2M |
| Long-term debt | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $18,000 | $18,000 | $13.8M | $32.3M |
| Total liabilities | $1.8M | $3.9M | $19.1M | $38.5M |
| Shareholders' equity | ||||
| Retained earnings (deficit) | −$478.3M | −$456.8M | −$447.4M | −$419.7M |
| Minority interest | — | — | $0 | $9.7M |
| Total shareholders' equity | $23.3M | $39.3M | $26.5M | $34.9M |
| Key figures | ||||
| Working capital | $6.9M | $13.9M | $8.2M | $4.1M |
| Tangible book value | $21.7M | $36.2M | $21.9M | $25.4M |
| Book value per share | $6.87 | $15.45 | — | — |
| Shares outstanding | 3.4M | 2.5M | — | — |
| Current ratio | 4.82 | 4.57 | 2.53 | 1.66 |
| Quick ratio | 2.06 | 3.33 | 0.11 | 0.24 |
| Equity / assets | 92.8% | 90.9% | 58.1% | 42.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $2.8M | $3.1M | $3.7M | $5.3M | $8.1M |
| Cash & equivalents | $2.8M | $3.1M | $3.7M | $5.3M | $4.7M |
| Short-term investments | — | — | $0 | $0 | $3.4M |
| Receivables | $346,000 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $2.9M | $3.6M | $5.0M | $4.6M | $3.2M |
| Total current assets | $6.1M | $6.7M | $8.7M | $9.9M | $11.3M |
| Property, plant & equipment (net) | $12.2M | $13.6M | $14.6M | $18.9M | $19.6M |
| Goodwill & intangible assets | $4.0M | $1.2M | $1.6M | $2.0M | $2.4M |
| Long-term investments | $654,000 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.9M | $225,000 | $225,000 | $313,000 | $1.1M |
| Total assets | $24.9M | $21.7M | $25.1M | $31.1M | $34.4M |
| Liabilities | |||||
| Accounts payable | $2.1M | $197,000 | $427,000 | $162,000 | $339,000 |
| Total current liabilities | $5.9M | $1.7M | $1.8M | $1.6M | $1.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $1.4M | — | — | — | — |
| Other long-term liabilities | $2.1M | $18,000 | $18,000 | $18,000 | $18,000 |
| Total liabilities | $8.0M | $1.7M | $1.8M | $1.6M | $1.7M |
| Shareholders' equity | |||||
| Retained earnings (deficit) | −$496.2M | −$482.4M | −$478.3M | −$468.2M | −$463.9M |
| Total shareholders' equity | $16.9M | $20.0M | $23.3M | $29.5M | $32.7M |
| Key figures | |||||
| Working capital | $204,000 | $5.0M | $6.9M | $8.3M | $9.6M |
| Tangible book value | $12.8M | $18.8M | $21.7M | $27.5M | $30.4M |
| Book value per share | $2.21 | $5.31 | $6.87 | $10.05 | $11.70 |
| Shares outstanding | 7.6M | 3.8M | 3.4M | 2.9M | 2.8M |
| Current ratio | 1.03 | 3.90 | 4.82 | 6.28 | 6.69 |
| Quick ratio | 0.54 | 1.82 | 2.06 | 3.34 | 4.80 |
| Equity / assets | 67.9% | 92.0% | 92.8% | 94.9% | 95.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
DRK financial position
At the end of fiscal 2025 (December 31, 2025), DarkHorse Technologies had total assets of $25.1 million (down 41.9% from a year earlier), total liabilities of $1.8 million and shareholders' equity of $23.3 million. Its current ratio was 4.82. In the latest quarter (ended June 30, 2026) total assets were $24.9 million and equity $16.9 million.
Related: DRK income statement, DRK cash flow statement, DRK key metrics. See the DRK stock overview for the latest quote and news.
DRK balance sheet FAQ
What are DarkHorse Technologies's total assets?
DarkHorse Technologies reported total assets of $25.1 million at the end of fiscal 2025 (December 31, 2025), compared with $43.2 million a year earlier.
How much cash does DarkHorse Technologies have?
DarkHorse Technologies held $3.7 million in cash and short-term investments at the end of fiscal 2025.
What is DarkHorse Technologies's book value?
DarkHorse Technologies's shareholders' equity (book value) was $23.3 million at the end of fiscal 2025, or $6.87 per share.
What is DarkHorse Technologies's current ratio?
DarkHorse Technologies had current assets of $8.7 million and current liabilities of $1.8 million, a current ratio of 4.82 (it can cover its short-term obligations).
How much goodwill does DarkHorse Technologies have?
DarkHorse Technologies carried $1.6 million of goodwill and intangible assets, 6.4% of total assets, at the end of fiscal 2025.