Dermata Therapeutics, Inc. (DRMA) Balance Sheet
DRMA balance sheet, 2025
December 31, 2025 · U.S. dollars$7.9M assets = $1.6M liabilities + $6.2M equity
Both columns are drawn to the same scale: what DRMA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DRMA financial health
Descriptive bands, not a rating. Fiscal 2025.
DRMA balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.1M2019 | $7.9M2025 | +25.0%/yr | |
| Total liabilities | $2.3M2019 | $1.6M2025 | −5.3%/yr | |
| Shareholders’ equity | −$210,1592019 | $6.2M2025 | — | |
| Cash & short-term investments | $2.0M2019 | $7.5M2025 | +24.8%/yr | |
| Total debt | $1.3M2019 | $3.5M2020 | +176.2%/yr | |
| Net cash (debt) | $708,0642019 | −$3.0M2020 | −$3.7M | |
| Working capital | $342,7102019 | $6.2M2025 | +$5.9M | |
| Current ratio | 1.202019 | 4.792025 | +3.59 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DRMA assets
DRMA liabilities and equity
DRMA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DRMA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $7.5M | $3.2M | $7.4M | $6.2M | $10.8M | $530,400 | $2.0M |
| Cash & equivalents | $7.5M | $3.2M | $7.4M | $6.2M | $10.8M | $530,400 | $2.0M |
| Short-term investments | — | $3.16B | — | — | — | — | — |
| Receivables | $0 | $0 | $8,356 | $12,602 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $341,848 | $372,318 | $532,143 | $690,592 | $825,133 | $75,053 | $73,679 |
| Total current assets | $7.9M | $3.5M | $8.0M | $6.9M | $11.6M | $605,453 | $2.1M |
| Property, plant & equipment (net) | $0 | $0 | $0 | $0 | $0 | $0 | $322 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $7.9M | $3.5M | $8.0M | $6.9M | $11.6M | $605,453 | $2.1M |
| Liabilities | |||||||
| Accounts payable | $460,811 | $808,011 | $866,028 | $496,702 | $515,245 | $104,276 | $337,184 |
| Short-term debt | — | — | — | — | — | $3.5M | $730,547 |
| Deferred revenue | — | — | — | — | — | — | $155,040 |
| Total current liabilities | $1.6M | $2.0M | $1.6M | $922,634 | $1.5M | $3.8M | $1.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $553,191 |
| Other long-term liabilities | $0 | $1.16B | $757.6M | $0 | $0 | $3.6M | $0 |
| Total liabilities | $1.6M | $2.0M | $1.6M | $922,634 | $1.5M | $3.8M | $2.3M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $266 | $252 | $26 | $77 | $833 | $2.4M | $2.4M |
| Retained earnings (deficit) | −$73.2M | −$65.7M | −$53.4M | −$45.6M | −$36.0M | −$28.1M | −$24.8M |
| Accumulated other comprehensive income | — | $0 | — | — | — | −$53.0M | $0 |
| Total shareholders' equity | $6.2M | $1.6M | $6.4M | $6.0M | $10.1M | −$3.2M | −$210,159 |
| Key figures | |||||||
| Total debt | — | — | — | — | — | $3.5M | $1.3M |
| Net cash (debt) | — | — | — | — | — | −$3.0M | $708,064 |
| Working capital | $6.2M | $1.6M | $6.4M | $6.0M | $10.1M | −$3.2M | $342,710 |
| Tangible book value | $6.2M | $1.6M | $6.4M | $6.0M | $10.1M | −$3.2M | −$210,159 |
| Current ratio | 4.79 | 1.79 | 4.91 | 7.53 | 7.66 | 0.16 | 1.20 |
| Quick ratio | 4.59 | 1.60 | 4.59 | 6.78 | 7.12 | 0.14 | 1.16 |
| Equity / assets | 79.1% | 44.2% | 79.7% | 86.7% | 87.0% | −524.9% | −10.2% |
| 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 | $4.4M | $6.9M | $7.5M | $4.7M | $6.5M | $9.7M | $3.2M | $6.1M | $4.9M | $4.7M | $7.4M | $6.6M |
| Cash & equivalents | $4.4M | $6.9M | $7.5M | $4.7M | $6.5M | $9.7M | $3.2M | $6.1M | $4.9M | $4.7M | $7.4M | $6.6M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8,356 | $76 |
| Inventory | $149,734 | $93,091 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $593,604 | $427,279 | $341,848 | $407,283 | $159,586 | $285,739 | $372,318 | $543,592 | $289,452 | $446,075 | $532,143 | $691,824 |
| Total current assets | $5.2M | $7.5M | $7.9M | $5.1M | $6.6M | $10.0M | $3.5M | $6.7M | $5.2M | $5.2M | $8.0M | $7.3M |
| Property, plant & equipment (net) | $129,367 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $35,330 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $5.3M | $7.5M | $7.9M | $5.1M | $6.6M | $10.0M | $3.5M | $6.7M | $5.2M | $5.2M | $8.0M | $7.3M |
| Liabilities | ||||||||||||
| Accounts payable | $1.1M | $318,331 | $460,811 | $453,427 | $413,687 | $1.4M | $808,011 | $863,595 | $1.3M | $822,546 | $866,028 | $474,458 |
| Total current liabilities | $1.8M | $1.1M | $1.6M | $1.1M | $1.0M | $2.7M | $2.0M | $1.9M | $1.9M | $1.4M | $1.6M | $916,817 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $1.1M | $0 | $0 | $612,578 | $0 | $1.16B | $1.1M | $591,246 | $0 | $757.6M | $442,359 |
| Total liabilities | $1.8M | $1.1M | $1.6M | $1.1M | $1.0M | $2.7M | $2.0M | $1.9M | $1.9M | $1.4M | $1.6M | $916,817 |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $402 | $402 | $266 | $84 | $64 | $603 | $252 | $168 | $69 | $666 | $26 | $319 |
| Retained earnings (deficit) | −$78.0M | −$75.1M | −$73.2M | −$71.4M | −$69.7M | −$68.0M | −$65.7M | −$62.5M | −$59.4M | −$56.5M | −$53.4M | −$51.3M |
| Accumulated other comprehensive income | — | — | — | — | — | — | $0 | — | $0 | — | — | $0 |
| Total shareholders' equity | $3.5M | $6.4M | $6.2M | $4.0M | $5.6M | $7.3M | $1.6M | $4.7M | $3.3M | $3.8M | $6.4M | $6.4M |
| Key figures | ||||||||||||
| Working capital | $3.3M | $6.4M | $6.2M | $4.0M | $5.6M | $7.3M | $1.6M | $4.7M | $3.3M | $3.8M | $6.4M | $6.4M |
| Tangible book value | $3.5M | $6.4M | $6.2M | $4.0M | $5.6M | $7.3M | $1.6M | $4.7M | $3.3M | $3.8M | $6.4M | $6.4M |
| Book value per share | $0.87 | $1.66 | $5.09 | $3.86 | $5.47 | — | — | — | — | — | — | — |
| Shares outstanding | 4.0M | 3.9M | 1.2M | 1.0M | 1.0M | — | — | — | — | — | — | — |
| Current ratio | 2.81 | 7.09 | 4.79 | 4.56 | 6.47 | 3.70 | 1.79 | 3.44 | 2.73 | 3.78 | 4.91 | 7.99 |
| Quick ratio | 2.41 | 6.60 | 4.59 | 4.20 | 6.32 | 3.59 | 1.60 | 3.16 | 2.58 | 3.45 | 4.59 | 7.23 |
| Equity / assets | 65.5% | 85.9% | 79.1% | 78.1% | 84.5% | 73.0% | 44.2% | 70.9% | 63.4% | 73.5% | 79.7% | 87.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 26, 2026); data from EODHD.
DRMA financial position
At the end of fiscal 2025 (December 31, 2025), Dermata Therapeutics had total assets of $7.9 million (up 122.5% from a year earlier), total liabilities of $1.6 million and shareholders' equity of $6.2 million. Its current ratio was 4.79. In the latest quarter (ended June 30, 2026) total assets were $5.3 million and equity $3.5 million.
Related: DRMA income statement, DRMA cash flow statement, DRMA key metrics. See the DRMA stock overview for the latest quote and news.
DRMA balance sheet FAQ
What are Dermata Therapeutics's total assets?
Dermata Therapeutics reported total assets of $7.9 million at the end of fiscal 2025 (December 31, 2025), compared with $3.5 million a year earlier.
How much cash does Dermata Therapeutics have?
Dermata Therapeutics held $7.5 million in cash and short-term investments at the end of fiscal 2025.
What is Dermata Therapeutics's book value?
Dermata Therapeutics's shareholders' equity (book value) was $6.2 million at the end of fiscal 2025.
What is Dermata Therapeutics's current ratio?
Dermata Therapeutics had current assets of $7.9 million and current liabilities of $1.6 million, a current ratio of 4.79 (it can cover its short-term obligations).