Datavault AI Inc. (DVLT) Balance Sheet
DVLT balance sheet, 2025
December 31, 2025 · U.S. dollars$274.7M assets = $36.7M liabilities + $238.0M equity
Both columns are drawn to the same scale: what DVLT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
DVLT financial health
Descriptive bands, not a rating. Fiscal 2025.
DVLT balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $942,6392016 | $274.7M2025 | +87.9%/yr | |
| Total liabilities | $73.7M2016 | $36.7M2025 | −7.4%/yr | |
| Shareholders’ equity | −$72.8M2016 | $238.0M2025 | — | |
| Cash & short-term investments | $92,2622016 | $2.0M2025 | +40.8%/yr | |
| Total debt | $3.9M2016 | $11.5M2025 | +12.9%/yr | |
| Net cash (debt) | −$3.8M2016 | −$9.5M2025 | −$5.7M | |
| Working capital | −$6.6M2016 | $116.0M2025 | +$122.5M | |
| Current ratio | 0.112016 | 5.322025 | +5.21 | |
| Debt / equity | 0.112020 | 0.052025 | −0.06 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DVLT assets
DVLT liabilities and equity
DVLT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
DVLT balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $2.0M | $3.3M | $411,000 | $2.9M | $13.1M | $7.4M | $298,000 | $3.2M | $249,143 | $92,262 |
| Cash & equivalents | $2.0M | $3.3M | $411,000 | $2.9M | $13.1M | $7.4M | $298,000 | $3.2M | $249,143 | $92,262 |
| Receivables | $32.6M | $349,000 | $294,000 | $273,000 | $214,000 | $85,000 | $108,000 | $112,000 | $54,789 | $7,089 |
| Inventory | $636,000 | $1.6M | $2.7M | $7.1M | $4.8M | $2.7M | $2.7M | $1.4M | $692,884 | $585,961 |
| Other current assets | $107.6M | $1.1M | $641,000 | $890,000 | $1.0M | $908,000 | $944,000 | $428,000 | $203,444 | $101,517 |
| Total current assets | $142.9M | $6.4M | $4.1M | $11.1M | $19.1M | $11.1M | $4.0M | $5.1M | $1.2M | $786,829 |
| Property, plant & equipment (net) | $606,000 | $58,000 | $709,000 | $174,000 | $162,000 | $142,000 | $84,000 | $110,000 | $64,662 | $58,264 |
| Goodwill & intangible assets | $120.9M | $92.6M | $0 | $0 | $0 | $0 | $28,000 | $61,000 | $0 | $0 |
| Long-term investments | $4.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $6.0M | $1.6M | $31,000 | $148,000 | $124,000 | $41,000 | $94,000 | $94,000 | $191,991 | $97,546 |
| Total assets | $274.7M | $100.6M | $4.8M | $11.5M | $19.4M | $11.3M | $4.2M | $5.4M | $1.5M | $942,639 |
| Liabilities | ||||||||||
| Accounts payable | $10.8M | $2.8M | $2.3M | $2.0M | $1.5M | $672,000 | $1.6M | $532,000 | $1.3M | $1.0M |
| Short-term debt | $5.6M | $106,000 | — | $169,000 | — | $179,000 | — | — | $5.2M | $3.9M |
| Deferred revenue | $1.9M | $171,000 | $19,000 | $44,000 | — | $373,000 | $451,000 | $186,000 | $45,315 | — |
| Total current liabilities | $26.9M | $4.1M | $3.6M | $3.7M | $3.0M | $2.3M | $2.7M | $1.4M | $9.2M | $7.3M |
| Long-term debt | $5.9M | $9.6M | $0 | $457,000 | $0 | $668,000 | $0 | $0 | $0 | $0 |
| Lease obligations | $640,000 | $106,000 | $0 | $169,000 | $0 | $39,000 | — | — | — | — |
| Other long-term liabilities | $3.9M | $1.2M | $6.1M | $9.3M | $48,999 | $434,000 | $411,000 | $210,000 | $86.8M | $66.4M |
| Total liabilities | $36.7M | $14.9M | $9.7M | $13.4M | $3.0M | $3.4M | $3.1M | $1.6M | $96.0M | $73.7M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $59,000 | $5,000 | $7,000 | $7,000 | $2,000 | $1,000 | — | $2,000 | $32 | $9.9M |
| Retained earnings (deficit) | −$377.4M | −$298.5M | −$247.0M | −$228.3M | −$212.2M | −$200.4M | −$187.7M | −$175.6M | −$108.3M | −$82.6M |
| Accumulated other comprehensive income | — | — | — | — | — | — | −$48,000 | −$45,000 | −$41,886 | −$37,396 |
| Total shareholders' equity | $238.0M | $85.7M | −$4.9M | −$2.0M | $16.4M | $7.9M | $1.1M | $3.8M | −$94.5M | −$72.8M |
| Key figures | ||||||||||
| Total debt | $11.5M | $9.7M | $636,000 | $626,000 | $41,000 | $886,000 | — | — | $5.2M | $3.9M |
| Net cash (debt) | −$9.5M | −$6.3M | −$225,000 | $2.3M | $13.1M | $6.5M | — | — | −$5.0M | −$3.8M |
| Working capital | $116.0M | $2.3M | $446,000 | $7.5M | $16.1M | $8.8M | $1.3M | $3.8M | −$8.0M | −$6.6M |
| Tangible book value | $117.1M | −$6.8M | −$4.9M | −$2.0M | $16.4M | $7.9M | $1.1M | $3.8M | −$94.5M | −$72.8M |
| Current ratio | 5.32 | 1.57 | 1.12 | 3.03 | 6.44 | 4.87 | 1.49 | 3.73 | 0.13 | 0.11 |
| Quick ratio | 1.29 | 0.89 | 0.19 | 0.86 | 4.49 | 3.28 | 0.15 | 2.42 | 0.03 | 0.01 |
| Debt / equity | 0.05 | 0.11 | — | — | 0.00 | 0.11 | — | — | — | — |
| Equity / assets | 86.6% | 85.2% | −101.8% | −17.4% | 84.5% | 70.0% | 26.3% | 70.6% | −6,485.9% | −7,718.3% |
| 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 | $1.4M | $2.2M | $2.0M | $9.8M | $662,000 | $171,000 | $3.3M | $3.9M | $6.1M | $2.8M | $411,000 | $212,000 |
| Cash & equivalents | $1.4M | $2.2M | $2.0M | $1.7M | $662,000 | $171,000 | $3.3M | $3.9M | $6.1M | $2.8M | $411,000 | $212,000 |
| Short-term investments | — | — | — | $8.1M | — | — | — | — | — | — | — | — |
| Receivables | $30.2M | $2.4M | $32.6M | $1.2M | $824,000 | $280,000 | $349,000 | $177,000 | $117,000 | $290,000 | $294,000 | $433,000 |
| Inventory | $942,000 | $717,000 | $636,000 | $994,000 | $1.4M | $1.3M | $1.6M | $1.9M | $2.3M | $2.6M | $2.7M | $3.2M |
| Other current assets | $102.5M | $101.0M | $107.6M | $4.5M | $945,000 | $900,000 | $1.1M | $1.1M | $1.4M | $606,000 | $641,000 | $732,000 |
| Total current assets | $135.0M | $106.3M | $142.9M | $16.5M | $3.8M | $2.7M | $6.4M | $7.1M | $10.0M | $6.2M | $4.1M | $4.5M |
| Property, plant & equipment (net) | $2.5M | $1.2M | $606,000 | $1.0M | $347,000 | $613,000 | $58,000 | $618,000 | $65,000 | $79,000 | $93,000 | $746,000 |
| Goodwill & intangible assets | $127.5M | $129.9M | $120.9M | $135.8M | $115.9M | $90.4M | $92.6M | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $1.9M | $1.8M | $4.3M | $4.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $9.8M | $11.0M | $6.0M | $0 | $632,000 | $2.0M | $1.6M | $341,999 | $594,000 | $613,000 | $647,000 | $241,000 |
| Total assets | $276.6M | $250.1M | $274.7M | $138.7M | $120.7M | $95.7M | $100.6M | $8.0M | $10.6M | $6.9M | $4.8M | $5.5M |
| Liabilities | ||||||||||||
| Accounts payable | $9.7M | $7.1M | $10.8M | $5.2M | $3.9M | $2.8M | $2.8M | $1.7M | $2.2M | $3.3M | $2.3M | $2.0M |
| Short-term debt | $6.2M | $4.0M | $5.6M | $13.9M | $636,000 | $111,000 | $106,000 | $101,000 | $67,000 | $20,000 | — | $629,000 |
| Deferred revenue | — | $1.5M | $1.9M | $2.2M | $1.0M | $224,000 | $171,000 | $233,000 | $150,000 | $19,000 | $19,000 | $12,000 |
| Total current liabilities | $27.3M | $23.0M | $26.9M | $24.2M | $8.1M | $4.2M | $4.1M | $3.1M | $3.6M | $4.3M | $3.6M | $3.8M |
| Long-term debt | $0 | $3.4M | $5.9M | $14.3M | $37.9M | $9.3M | $9.6M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $967,000 | $865,000 | $640,000 | $159,000 | $115,000 | $111,000 | $106,000 | $101,000 | $67,000 | $20,000 | $0 | $635,000 |
| Other long-term liabilities | $3.5M | $3.7M | $3.9M | $656,999 | $642,000 | $532,999 | $1.2M | $598,999 | $632,000 | $5.3M | $6.1M | $856,000 |
| Total liabilities | $30.7M | $30.1M | $36.7M | $39.1M | $46.6M | $14.0M | $14.9M | $3.7M | $4.2M | $9.6M | $9.7M | $4.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $87,000 | $63,000 | $59,000 | $22,000 | $7,000 | $6,000 | $5,000 | $1,000 | $1,000 | $1,000 | $7,000 | $7,000 |
| Retained earnings (deficit) | −$518.6M | −$430.6M | −$377.4M | −$378.1M | −$345.1M | −$308.0M | −$298.5M | −$292.1M | −$287.0M | −$244.3M | −$247.0M | −$240.7M |
| Total shareholders' equity | $245.9M | $220.0M | $238.0M | $99.5M | $74.1M | $81.7M | $85.7M | $4.3M | $6.4M | −$2.7M | −$4.9M | $885,000 |
| Key figures | ||||||||||||
| Total debt | $6.2M | $7.4M | $11.5M | $28.9M | $38.5M | $9.9M | $9.7M | $681,000 | $67,000 | $20,000 | — | $1.3M |
| Net cash (debt) | −$4.8M | −$5.2M | −$9.5M | −$19.1M | −$37.8M | −$9.7M | −$6.3M | $3.2M | $6.0M | $2.7M | — | −$1.1M |
| Working capital | $107.7M | $83.2M | $116.0M | −$7.6M | −$4.3M | −$1.5M | $2.3M | $3.9M | $6.4M | $1.9M | $446,000 | $754,000 |
| Tangible book value | $118.4M | $90.1M | $117.1M | −$36.3M | −$41.8M | −$8.7M | −$6.8M | $4.3M | $6.4M | −$2.7M | −$4.9M | $885,000 |
| Book value per share | $0.34 | $0.38 | — | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 727.6M | 574.2M | — | — | — | — | — | — | — | — | — | — |
| Current ratio | 4.95 | 4.62 | 5.32 | 0.68 | 0.47 | 0.65 | 1.57 | 2.26 | 2.79 | 1.44 | 1.12 | 1.20 |
| Quick ratio | 1.16 | 0.20 | 1.29 | 0.46 | 0.18 | 0.11 | 0.89 | 1.31 | 1.75 | 0.70 | 0.19 | 0.17 |
| Debt / equity | 0.03 | 0.03 | 0.05 | 0.29 | 0.52 | 0.12 | 0.11 | 0.16 | 0.01 | — | — | 1.43 |
| Equity / assets | 88.9% | 88.0% | 86.6% | 71.8% | 61.4% | 85.4% | 85.2% | 53.6% | 60.5% | −38.5% | −101.8% | 16.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 18, 2026); data from EODHD.
DVLT financial position
At the end of fiscal 2025 (December 31, 2025), Datavault AI had total assets of $274.7 million (up 173.0% from a year earlier), total liabilities of $36.7 million and shareholders' equity of $238.0 million. It held $2.0 million in cash and short-term investments against $11.5 million of debt, net debt of $9.5 million. Its current ratio was 5.32. In the latest quarter (ended June 30, 2026) total assets were $276.6 million and equity $245.9 million.
Related: DVLT income statement, DVLT cash flow statement, DVLT key metrics. See the DVLT stock overview for the latest quote and news.
DVLT balance sheet FAQ
What are Datavault AI's total assets?
Datavault AI reported total assets of $274.7 million at the end of fiscal 2025 (December 31, 2025), compared with $100.6 million a year earlier.
How much debt does Datavault AI have?
Datavault AI had $11.5 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.05.
How much cash does Datavault AI have?
Datavault AI held $2.0 million in cash and short-term investments at the end of fiscal 2025; with $11.5 million of debt that is net debt of $9.5 million.
What is Datavault AI's book value?
Datavault AI's shareholders' equity (book value) was $238.0 million at the end of fiscal 2025.
What is Datavault AI's current ratio?
Datavault AI had current assets of $142.9 million and current liabilities of $26.9 million, a current ratio of 5.32 (it can cover its short-term obligations).
How much goodwill does Datavault AI have?
Datavault AI carried $120.9 million of goodwill and intangible assets, 44.0% of total assets, at the end of fiscal 2025.