Focus Universal Inc. (FCUV) Balance Sheet
FCUV balance sheet, 2025
December 31, 2025 · U.S. dollars$8.9M assets = $6.3M liabilities + $2.6M equity
Both columns are drawn to the same scale: what FCUV owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FCUV financial health
Descriptive bands, not a rating. Fiscal 2025.
FCUV balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $522,0062016 | $8.9M2025 | +37.0%/yr | |
| Total liabilities | $431,9062016 | $6.3M2025 | +34.7%/yr | |
| Shareholders’ equity | $90,1002016 | $2.6M2025 | +45.1%/yr | |
| Cash & short-term investments | $340,0732016 | $8.0M2025 | +42.0%/yr | |
| Total debt | $02016 | $8,4642025 | — | |
| Net cash (debt) | $340,0732016 | $7.9M2025 | +$7.6M | |
| Working capital | $57,3252016 | $8.3M2025 | +$8.2M | |
| Debt / equity | 0.002016 | 0.002025 | 0.00 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FCUV assets
FCUV liabilities and equity
FCUV debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FCUV balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $8.0M | $3.6M | $464,989 | $4.4M | $8.7M | $583,325 | $2.2M | $4.5M | $394,398 | $340,073 |
| Cash & equivalents | $7.9M | $3.6M | $428,254 | $4.3M | $8.7M | $583,325 | $2.2M | $4.5M | $394,398 | $340,073 |
| Short-term investments | $22,887 | $24,660 | $36,735 | $105,470 | $0 | — | — | — | — | — |
| Receivables | $27,125 | $5,584 | $34,047 | $112,820 | $205,548 | $190,556 | $137,338 | $50,533 | $26,875 | $35,896 |
| Inventory | $99,813 | $126,071 | $282,071 | $103,772 | $22,889 | $42,496 | $62,933 | $69,787 | $47,432 | $104,832 |
| Other current assets | $562,346 | $100,730 | $247,171 | $142,342 | $307,238 | $191,253 | $46,971 | $115,833 | $8,280 | $7,962 |
| Total current assets | $8.6M | $3.8M | $1.0M | $4.8M | $9.2M | $1.0M | $2.4M | $4.7M | $476,985 | $488,763 |
| Property, plant & equipment (net) | $79,206 | $168,755 | $4.3M | $4.5M | $4.8M | $4.6M | $4.8M | $4.6M | $6,336 | $8,517 |
| Goodwill & intangible assets | $159,179 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $65,195 | $24,135 | $33,264 | $33,933 | $6,630 | $6,630 | $7,872 | $7,210 | $24,726 |
| Total assets | $8.9M | $4.1M | $5.3M | $9.3M | $14.0M | $5.6M | $7.2M | $9.3M | $490,531 | $522,006 |
| Liabilities | ||||||||||
| Accounts payable | $358,007 | $702,065 | $435,018 | $267,685 | $293,354 | $216,341 | $192,488 | $168,582 | $449,256 | $368,513 |
| Short-term debt | $8,464 | $106,706 | $1.1M | $113,058 | $254,186 | $247,509 | $94,270 | — | $81,342 | $0 |
| Deferred revenue | — | — | — | — | $271 | $57,377 | $127,671 | $36,184 | $31,734 | $57,726 |
| Total current liabilities | $366,471 | $876,975 | $1.7M | $1.4M | $571,442 | $527,559 | $432,999 | $211,976 | $481,790 | $431,438 |
| Long-term debt | $0 | $0 | $0 | $0 | $25,929 | $202,735 | $0 | $0 | $81,342 | $0 |
| Lease obligations | $8,464 | $114,820 | $208,689 | $279,010 | $423,955 | $94,671 | $138,940 | — | — | — |
| Other long-term liabilities | $5.9M | $8,114 | $130,852 | $178,287 | $302,387 | $58,422 | $107,005 | $204,766 | $0 | $468 |
| Total liabilities | $6.3M | $885,089 | $1.8M | $1.6M | $899,758 | $788,716 | $540,004 | $211,976 | $563,132 | $431,906 |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $915 | $7,154 | $6,477 | $65,297 | $43,259 | $40,959 | $40,959 | $40,907 | $34,575 | $34,575 |
| Retained earnings (deficit) | −$31.0M | −$25.8M | −$22.6M | −$17.9M | −$12.9M | −$9.7M | −$7.2M | −$4.0M | −$2.0M | −$657,714 |
| Accumulated other comprehensive income | −$31,397 | −$25,190 | −$13,564 | −$6,543 | −$4 | $98,709 | $50,709 | −$31,536 | −$3,543 | −$1,362 |
| Total shareholders' equity | $2.6M | $3.2M | $3.5M | $7.8M | $13.1M | $4.8M | $6.7M | $9.1M | −$72,601 | $90,100 |
| Key figures | ||||||||||
| Total debt | $8,464 | $114,820 | $1.2M | $279,010 | $582,502 | $491,531 | $188,940 | — | $81,342 | $0 |
| Net cash (debt) | $7.9M | $3.5M | −$743,700 | $4.2M | $8.1M | $91,794 | $2.0M | — | $313,056 | $340,073 |
| Working capital | $8.3M | $3.0M | −$629,368 | $3.4M | $8.6M | $480,071 | $2.0M | $4.5M | −$4,805 | $57,325 |
| Tangible book value | $2.4M | $3.2M | $3.5M | $7.8M | $13.1M | $4.8M | $6.7M | $9.1M | −$72,601 | $90,100 |
| Current ratio | 23.60 | 4.39 | 0.62 | 3.47 | 16.12 | 1.91 | 5.64 | 22.13 | 0.99 | 1.13 |
| Quick ratio | 21.79 | 4.13 | 0.30 | 3.29 | 15.55 | 1.47 | 5.38 | 21.26 | 0.87 | 0.87 |
| Debt / equity | 0.00 | 0.04 | 0.34 | 0.04 | 0.04 | 0.10 | 0.03 | — | — | 0.00 |
| Equity / assets | 29.0% | 78.3% | 66.5% | 83.2% | 93.6% | 85.9% | 92.5% | 97.7% | −14.8% | 17.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & short-term investments | $1.6M | $6.0M | $8.0M | $454,432 | $1.2M | $2.2M | $3.6M | $5.4M | $40,644 | $114,096 | $1.4M |
| Cash & equivalents | $1.6M | $6.0M | $7.9M | $410,884 | $1.1M | $2.2M | $3.6M | $5.3M | $13,064 | $78,836 | $1.4M |
| Short-term investments | $0 | $8,874 | $22,887 | $43,548 | $39,413 | $21,668 | $24,660 | $27,043 | $27,580 | $35,260 | $39,165 |
| Receivables | $68,643 | $9,650 | $27,125 | $7,125 | $88,351 | $9,983 | $5,584 | $0 | $19,775 | $84,164 | $182,903 |
| Inventory | $84,950 | $90,705 | $99,813 | $138,370 | $138,370 | $64,047 | $126,071 | $478,820 | $495,944 | $407,357 | $299,973 |
| Other current assets | $290,137 | $661,231 | $562,346 | $171,150 | $159,628 | $211,581 | $100,730 | $124,407 | $97,966 | $110,236 | $109,941 |
| Total current assets | $2.0M | $6.8M | $8.6M | $771,077 | $1.5M | $2.5M | $3.8M | $6.0M | $654,329 | $715,853 | $2.0M |
| Property, plant & equipment (net) | $17.7M | $218,778 | $79,206 | $109,368 | $137,842 | $164,528 | $168,755 | $193,130 | $4.2M | $4.2M | $4.3M |
| Goodwill & intangible assets | $247,865 | $256,098 | $159,179 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $21,846 | $539,213 | $0 | $0 | $0 | $0 | $65,195 | $65,810 | $25,713 | $23,655 | $23,420 |
| Total assets | $20.0M | $7.8M | $8.9M | $880,445 | $1.7M | $2.7M | $4.1M | $6.2M | $4.9M | $5.0M | $6.4M |
| Liabilities | |||||||||||
| Accounts payable | $417,089 | $454,309 | $358,007 | $685,104 | $793,419 | $706,654 | $702,065 | $550,025 | $1.1M | $748,023 | $285,206 |
| Short-term debt | $185,143 | $53,601 | $8,464 | $20,534 | $32,239 | $43,241 | $106,706 | $182,030 | $2.4M | $1.6M | $1.1M |
| Total current liabilities | $836,423 | $507,910 | $366,471 | $705,638 | $829,224 | $769,258 | $876,975 | $763,939 | $3.7M | $2.5M | $1.4M |
| Long-term debt | $10.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $117,554 | $112,814 | $8,464 | $20,534 | $32,239 | $43,241 | $114,820 | $127,874 | $131,372 | $139,987 | $206,995 |
| Other long-term liabilities | $125,185 | $59,213 | $5.9M | $0 | $0 | $0 | $8,114 | $20,844 | $31,802 | $55,805 | $135,294 |
| Total liabilities | $11.8M | $567,123 | $6.3M | $705,638 | $829,224 | $769,258 | $885,089 | $784,783 | $3.7M | $2.6M | $1.5M |
| Shareholders' equity | |||||||||||
| Common stock & paid-in capital | $703 | $1,025 | $915 | $7,387 | $7,219 | $7,473 | $7,154 | $72,917 | $64,867 | $64,771 | $64,771 |
| Retained earnings (deficit) | −$34.0M | −$32.5M | −$31.0M | −$29.7M | −$28.5M | −$27.0M | −$25.8M | −$23.8M | −$25.3M | −$23.9M | −$21.0M |
| Accumulated other comprehensive income | −$20,238 | −$6,928 | −$31,397 | −$34,946 | −$35,623 | −$31,558 | −$25,190 | −$24,575 | −$21,840 | −$14,553 | −$6,990 |
| Total shareholders' equity | $8.2M | $7.2M | $2.6M | $174,807 | $845,581 | $1.9M | $3.2M | $5.4M | $1.2M | $2.4M | $4.9M |
| Key figures | |||||||||||
| Total debt | $11.1M | $112,814 | $8,464 | $20,534 | $32,239 | $43,241 | $114,820 | $202,874 | $2.5M | $1.7M | $1.2M |
| Net cash (debt) | −$9.5M | $5.9M | $7.9M | $433,898 | $1.1M | $2.2M | $3.5M | $5.2M | −$2.4M | −$1.6M | $240,857 |
| Working capital | $1.2M | $6.3M | $8.3M | $65,439 | $707,739 | $1.7M | $3.0M | $5.2M | −$3.0M | −$1.8M | $631,172 |
| Tangible book value | $8.0M | $7.0M | $2.4M | $174,807 | $845,581 | $1.9M | $3.2M | $5.4M | $1.2M | $2.4M | $4.9M |
| Book value per share | $14.52 | $29.09 | — | — | — | — | — | — | — | — | — |
| Shares outstanding | 565K | 249K | — | — | — | — | — | — | — | — | — |
| Current ratio | 2.44 | 13.36 | 23.60 | 1.09 | 1.85 | 3.25 | 4.39 | 7.82 | 0.18 | 0.28 | 1.45 |
| Quick ratio | 2.00 | 11.87 | 21.79 | 0.65 | 1.49 | 2.90 | 4.13 | 7.03 | 0.02 | 0.08 | 1.16 |
| Debt / equity | 1.36 | 0.02 | 0.00 | 0.12 | 0.04 | 0.02 | 0.04 | 0.04 | 2.12 | 0.72 | 0.25 |
| Equity / assets | 40.9% | 92.7% | 29.0% | 19.9% | 50.5% | 71.2% | 78.3% | 87.4% | 23.9% | 47.5% | 75.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 31, 2026); data from EODHD.
FCUV financial position
At the end of fiscal 2025 (December 31, 2025), Focus Universal had total assets of $8.9 million (up 117.8% from a year earlier), total liabilities of $6.3 million and shareholders' equity of $2.6 million. It held $8.0 million in cash and short-term investments against $0.0 million of debt, a net cash position of $7.9 million. Its current ratio was 23.60. In the latest quarter (ended June 30, 2026) total assets were $20.0 million and equity $8.2 million.
Related: FCUV income statement, FCUV cash flow statement, FCUV key metrics. See the FCUV stock overview for the latest quote and news.
FCUV balance sheet FAQ
What are Focus Universal's total assets?
Focus Universal reported total assets of $8.9 million at the end of fiscal 2025 (December 31, 2025), compared with $4.1 million a year earlier.
How much debt does Focus Universal have?
Focus Universal had $0.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.00.
How much cash does Focus Universal have?
Focus Universal held $8.0 million in cash and short-term investments at the end of fiscal 2025; with $0.0 million of debt that is net cash of $7.9 million.
What is Focus Universal's book value?
Focus Universal's shareholders' equity (book value) was $2.6 million at the end of fiscal 2025.
What is Focus Universal's current ratio?
Focus Universal had current assets of $8.6 million and current liabilities of $0.4 million, a current ratio of 23.60 (it can cover its short-term obligations).
How much goodwill does Focus Universal have?
Focus Universal carried $0.2 million of goodwill and intangible assets, 1.8% of total assets, at the end of fiscal 2025.