Forbright, Inc. (FRBT) Balance Sheet
FRBT balance sheet, 2025
December 31, 2025 · U.S. dollars$7.89B assets = $7.07B liabilities + $822.4M equity
Both columns are drawn to the same scale: what FRBT owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FRBT financial health
Descriptive bands, not a rating. Fiscal 2025.
FRBT balance sheet trends, 2024–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $7.25B2024 | $7.89B2025 | +8.8%/yr | |
| Total liabilities | $6.53B2024 | $7.07B2025 | +8.2%/yr | |
| Shareholders’ equity | $722.0M2024 | $822.4M2025 | +13.9%/yr | |
| Cash & short-term investments | $2.65B2024 | $1.90B2025 | −28.2%/yr | |
| Total debt | $874.5M2024 | $151.0M2025 | −82.7%/yr | |
| Net cash (debt) | $1.78B2024 | $1.75B2025 | −$24.3M | |
| Book value per share | $14.532024 | $16.552025 | +13.9%/yr | |
| Debt / equity | 1.212024 | 0.182025 | −1.03 | |
| Shares outstanding | 49.7M2024 | 49.7M2025 | 0.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FRBT assets
FRBT liabilities and equity
FRBT debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FRBT balance sheet
| 2025 | 2024 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $1.90B | $2.65B |
| Cash & equivalents | $648.7M | $1.18B |
| Short-term investments | $1.25B | $1.47B |
| Receivables | $0 | $0 |
| Inventory | $0 | $0 |
| Other current assets | $0 | — |
| Total current assets | $1.90B | — |
| Property, plant & equipment (net) | $0 | $0 |
| Goodwill & intangible assets | $31.7M | $33.0M |
| Long-term investments | $1.36B | $1.61B |
| Other non-current assets | $4.59B | $5.61B |
| Total assets | $7.89B | $7.25B |
| Liabilities | ||
| Total current liabilities | $6.78B | — |
| Long-term debt | $151.0M | $874.5M |
| Other long-term liabilities | $137.9M | — |
| Total liabilities | $7.07B | $6.53B |
| Shareholders' equity | ||
| Common stock & paid-in capital | $41,000 | — |
| Retained earnings (deficit) | $328.8M | $240.9M |
| Accumulated other comprehensive income | $3.0M | — |
| Total shareholders' equity | $822.4M | $722.0M |
| Key figures | ||
| Total debt | $151.0M | $874.5M |
| Net cash (debt) | $1.75B | $1.78B |
| Working capital | −$4.87B | — |
| Tangible book value | $790.8M | $688.9M |
| Book value per share | $16.55 | $14.53 |
| Shares outstanding | 49.7M | 49.7M |
| Current ratio | 0.28 | — |
| Quick ratio | 0.28 | — |
| Debt / equity | 0.18 | 1.21 |
| Equity / assets | 10.4% | 10.0% |
| Jun '26 | Mar '26 | |
|---|---|---|
| Assets | ||
| Cash & short-term investments | $26.5M | $2.10B |
| Cash & equivalents | $26.5M | $866.1M |
| Short-term investments | $1.21B | $1.24B |
| Receivables | $46.4M | $0 |
| Inventory | $0 | $0 |
| Other current assets | $0 | $0 |
| Total current assets | $73.0M | $2.10B |
| Property, plant & equipment (net) | $47.9M | $0 |
| Goodwill & intangible assets | $36.0M | $31.4M |
| Long-term investments | $1.31B | $1.34B |
| Other non-current assets | $7.04B | $4.76B |
| Total assets | $8.51B | $8.23B |
| Liabilities | ||
| Total current liabilities | — | $7.14B |
| Long-term debt | $151.2M | $151.1M |
| Other long-term liabilities | $7.39B | $112.6M |
| Total liabilities | $7.54B | $7.40B |
| Shareholders' equity | ||
| Common stock & paid-in capital | $50,000 | $41,000 |
| Retained earnings (deficit) | $344.6M | $340.5M |
| Accumulated other comprehensive income | −$6.0M | −$2.4M |
| Total shareholders' equity | $967.2M | $831.2M |
| Key figures | ||
| Total debt | $151.2M | $151.1M |
| Net cash (debt) | −$124.7M | $1.95B |
| Working capital | — | −$5.04B |
| Tangible book value | $931.2M | $799.8M |
| Book value per share | $21.73 | $16.73 |
| Shares outstanding | 44.5M | 49.7M |
| Current ratio | — | 0.29 |
| Quick ratio | — | 0.29 |
| Debt / equity | 0.16 | 0.18 |
| Equity / assets | 11.4% | 10.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
FRBT financial position
At the end of fiscal 2025 (December 31, 2025), Forbright had total assets of $7.9 billion (up 8.8% from a year earlier), total liabilities of $7.1 billion and shareholders' equity of $822.4 million. It held $1.9 billion in cash and short-term investments against $151.0 million of debt, a net cash position of $1.8 billion. Its current ratio was 0.28. In the latest quarter (ended June 30, 2026) total assets were $8.5 billion and equity $967.2 million.
Related: FRBT income statement, FRBT cash flow statement, FRBT key metrics. See the FRBT stock overview for the latest quote and news.
FRBT balance sheet FAQ
What are Forbright's total assets?
Forbright reported total assets of $7.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $7.3 billion a year earlier.
How much debt does Forbright have?
Forbright had $151.0 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.18.
How much cash does Forbright have?
Forbright held $1.9 billion in cash and short-term investments at the end of fiscal 2025; with $151.0 million of debt that is net cash of $1.8 billion.
What is Forbright's book value?
Forbright's shareholders' equity (book value) was $822.4 million at the end of fiscal 2025, or $16.55 per share.
What is Forbright's current ratio?
Forbright had current assets of $1.9 billion and current liabilities of $6.8 billion, a current ratio of 0.28 (current liabilities exceed current assets).
How much goodwill does Forbright have?
Forbright carried $31.7 million of goodwill and intangible assets, 0.4% of total assets, at the end of fiscal 2025.