RDE, Inc. (GIFT) Balance Sheet

NASDAQ: GIFTAssets, liabilities, debt and equity over 9 years.

GIFT balance sheet, 2025

December 31, 2025 · U.S. dollars

$31.8M assets = $9.5M liabilities + $22.3M equity

Both columns are drawn to the same scale: what GIFT owns equals what it owes plus shareholders’ equity. Hover a block for its value.

GIFT financial health

Current ratio1.03

Adequate · current assets cover current liabilities 1.03×

Debt / equity0.23

Low leverage · $0.23 of debt for each $1 of equity

Equity / assets70.1%

Equity-funded · of assets funded by shareholders

Cash / debt72.3%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles70.6%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

GIFT balance sheet trends, 2017–2025

RDE, Inc. balance sheet trends
Metric	Then	Latest	Change
Total assets	$6,4542017	$31.8M2025	+189.5%/yr
Total liabilities	$258,0212017	$9.5M2025	+57.0%/yr
Shareholders’ equity	−$251,5672017	$22.3M2025	—
Cash & short-term investments	$6,4542017	$3.7M2025	+120.9%/yr
Total debt	$193,5752017	$5.1M2025	+50.4%/yr
Net cash (debt)	−$187,1212017	−$1.4M2025	−$1.2M
Working capital	−$251,5682017	$249,2232025	+$500,791
Book value per share	−$0.252021	$0.752025	—
Current ratio	0.032017	1.032025	+1.01
Debt / equity	0.722018	0.232025	−0.49
Shares outstanding	12.3M2021	29.8M2025	+24.9%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

GIFT assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

GIFT liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

GIFT debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

GIFT balance sheet

RDE, Inc. annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017
Assets
Cash & short-term investments	$3.7M	$2.3M	$4.1M	$2.0M	$1.9M	$601,000	$216,000	$117,000	$6,454
Cash & equivalents	$3.7M	$2.3M	$4.1M	$2.0M	$1.9M	$601,000	$216,000	$117,000	$6,454
Receivables	$142,878	$891,666	$1.7M	$1.5M	$118,100	$297,000	$28,000	$64,000	$0
Inventory	$3.8M	$4.1M	$4.2M	$5.0M	$0	$0	$15,000	$58,000	$0
Other current assets	$196,104	$1.3M	$177,119	$57,313	$240,611	$205,000	$180,000	$1.1M	$0
Total current assets	$7.7M	$8.6M	$10.1M	$8.6M	$2.3M	$1.1M	$439,000	$1.4M	$6,454
Property, plant & equipment (net)	$1.5M	$2.5M	$2.9M	$4.0M	$219,739	$333,000	$137,000	$0	$0
Goodwill & intangible assets	$22.5M	$24.3M	$26.7M	$550,000	$0	$1.2M	$0	$10.9M	$0
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$68,189	$65,556	$65,556	$58,056	$0	$0	$11,000	$6,000	$0
Total assets	$31.8M	$35.5M	$39.8M	$13.1M	$2.5M	$2.6M	$587,000	$12.2M	$6,454
Liabilities
Accounts payable	$1.8M	$2.0M	$2.2M	$1.2M	$976,605	$977,000	$866,000	$711,000	—
Short-term debt	$3.6M	$7.9M	$7.7M	$32.5M	$153,151	$942,000	$4.6M	$3.8M	$193,575
Deferred revenue	$130,375	$172,051	$336,996	$212,827	$230,405	—	$140,000	$156,000	—
Total current liabilities	$7.5M	$11.9M	$12.0M	$34.4M	$2.1M	$2.6M	$8.3M	$7.0M	$258,022
Long-term debt	$651,349	$615,000	$1.5M	$772,853	$3.4M	$0	$0	$0	$0
Lease obligations	$1.1M	$1.4M	$337,304	$258,641	$222,096	—	$106,000	—	—
Other long-term liabilities	$1.4M	$2.3M	$2.0M	$0	$111,597	$2.7M	$98,000	$0	$0
Total liabilities	$9.5M	$14.7M	$15.4M	$34.5M	$5.5M	$5.2M	$8.4M	$7.0M	$258,021
Shareholders' equity
Common stock & paid-in capital	$33,147	$27,015	$24,114	$2,900	$12,880	$458,000	$450,000	$432,000	$36,238
Retained earnings (deficit)	−$98.8M	−$88.3M	−$69.5M	−$30.3M	−$60.3M	−$55.3M	−$51.5M	−$37.5M	−$1.6M
Accumulated other comprehensive income	$350,843	$350,843	$383,343	—	$383,343	$383,000	—	—	—
Total shareholders' equity	$22.3M	$20.8M	$24.3M	−$21.3M	−$3.0M	−$2.6M	−$7.8M	$5.3M	−$251,567
Key figures
Total debt	$5.1M	$9.7M	$9.4M	$33.3M	$3.6M	$3.6M	$4.7M	$3.8M	$193,575
Net cash (debt)	−$1.4M	−$7.4M	−$5.3M	−$31.3M	−$1.7M	−$3.0M	−$4.5M	−$3.7M	−$187,121
Working capital	$249,223	−$3.2M	−$1.9M	−$25.8M	$224,160	−$1.5M	−$7.9M	−$5.6M	−$251,568
Tangible book value	−$184,545	−$3.5M	−$2.4M	−$21.9M	−$3.0M	−$3.8M	−$7.8M	−$5.6M	−$251,567
Book value per share	$0.75	$0.81	$1.53	−$1.55	−$0.25	—	—	—	—
Shares outstanding	29.8M	25.7M	15.9M	13.8M	12.3M	—	—	—	—
Current ratio	1.03	0.73	0.84	0.25	1.11	0.43	0.05	0.19	0.03
Quick ratio	0.51	0.27	0.48	0.10	0.99	0.35	0.03	0.03	0.03
Debt / equity	0.23	0.47	0.39	—	—	—	—	0.72	—
Equity / assets	70.1%	58.5%	61.2%	−162.3%	−120.4%	−99.1%	−1,333.2%	43.0%	−3,897.8%

RDE, Inc. quarterly balance sheet
	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	$3.9M	$4.2M	$3.7M	$4.0M	$3.3M	$862,988	$2.3M	$1.8M	$3.4M	$5.4M	$4.1M	$2.6M
Cash & equivalents	$3.9M	$4.2M	$3.7M	$4.0M	$3.3M	$862,988	$2.3M	$1.8M	$3.4M	$5.4M	$4.1M	$2.6M
Receivables	$130,926	$162,075	$142,878	$122,697	$121,139	$1.6M	$891,666	$1.2M	$901,785	$1.1M	$1.7M	$156,439
Inventory	$3.3M	$3.1M	$3.8M	$2.8M	$2.0M	$3.8M	$4.1M	$4.4M	$5.2M	$3.5M	$4.2M	$0
Other current assets	$309,540	$304,365	$196,104	$274,721	$368,871	$1.6M	$1.3M	$1.4M	$1.5M	$304,291	$177,119	$131,638
Total current assets	$7.7M	$7.7M	$7.7M	$7.2M	$5.8M	$7.8M	$8.6M	$8.8M	$11.0M	$10.3M	$10.1M	$2.9M
Property, plant & equipment (net)	$1.1M	$1.3M	$1.5M	$1.8M	$2.0M	$2.3M	$2.5M	$3.8M	$3.9M	$2.7M	$2.9M	$263,851
Goodwill & intangible assets	$21.4M	$21.9M	$22.5M	$23.1M	$23.6M	$23.7M	$24.3M	$24.9M	$25.5M	$26.1M	$26.7M	$0
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$75,115	$75,115	$68,189	$68,189	$68,190	$65,556	$65,556	$65,556	$65,556	$65,556	$65,556	$7,500
Total assets	$30.2M	$31.0M	$31.8M	$32.1M	$31.5M	$33.9M	$35.5M	$37.5M	$40.5M	$39.1M	$39.8M	$3.2M
Liabilities
Accounts payable	$2.2M	$2.3M	$1.8M	$1.9M	$1.6M	$2.1M	$2.0M	$2.0M	$1.7M	$1.8M	$2.2M	$1.2M
Short-term debt	$3.5M	$3.6M	$3.6M	$5.0M	$4.0M	$6.0M	$7.9M	$7.5M	$8.9M	$7.0M	$7.7M	$178,561
Deferred revenue	$91,710	$96,189	$130,375	—	$107,504	$113,631	$172,051	$78,403	$114,024	$168,178	$336,996	$118,678
Total current liabilities	$7.5M	$7.7M	$7.5M	$8.8M	$7.5M	$9.9M	$11.9M	$11.0M	$12.1M	$10.5M	$12.0M	$2.0M
Long-term debt	$644,361	$648,171	$651,349	$659,367	$664,500	$664,500	$615,000	$1.4M	$1.4M	$1.5M	$1.5M	$737,453
Lease obligations	$960,386	$1.0M	$1.1M	$1.2M	$1.3M	$1.4M	$1.4M	$1.5M	$1.6M	$271,541	$337,304	$286,101
Other long-term liabilities	$946,320	$1.2M	$1.4M	$1.6M	$1.8M	$2.0M	$2.3M	$3.0M	$3.1M	$2.0M	$2.0M	$220,869
Total liabilities	$9.1M	$9.5M	$9.5M	$11.0M	$9.9M	$12.6M	$14.7M	$15.4M	$16.6M	$14.0M	$15.4M	$3.0M
Shareholders' equity
Common stock & paid-in capital	$34,527	$34,008	$33,147	$30,711	$30,155	$29,267	$27,015	$26,129	$25,906	$25,532	$24,114	$16,756
Retained earnings (deficit)	−$102.7M	−$101.4M	−$98.8M	−$96.5M	−$94.1M	−$91.5M	−$88.3M	−$84.5M	−$80.4M	−$72.7M	−$69.5M	−$64.0M
Accumulated other comprehensive income	$350,843	$350,843	$350,843	$350,843	$350,843	$350,843	$350,843	$350,843	$350,843	$370,843	$383,343	$383,343
Total shareholders' equity	$21.1M	$21.5M	$22.3M	$21.2M	$21.6M	$21.3M	$20.8M	$22.1M	$23.8M	$25.1M	$24.3M	$196,302
Key figures
Total debt	$4.7M	$4.9M	$5.1M	$6.5M	$5.6M	$7.7M	$9.7M	$10.1M	$11.6M	$8.7M	$9.4M	$1.1M
Net cash (debt)	−$789,457	−$727,441	−$1.4M	−$2.5M	−$2.3M	−$6.8M	−$7.4M	−$8.3M	−$8.2M	−$3.3M	−$5.3M	$1.5M
Working capital	$141,944	$7,631	$249,223	−$1.5M	−$1.7M	−$2.0M	−$3.2M	−$2.2M	−$1.1M	−$228,112	−$1.9M	$883,273
Tangible book value	−$300,997	−$436,750	−$184,545	−$1.9M	−$2.1M	−$2.4M	−$3.5M	−$2.7M	−$1.7M	−$961,402	−$2.4M	$196,302
Book value per share	$0.62	$0.64	$0.71	$0.70	$0.73	$0.75	$0.79	$0.85	$0.93	$1.01	$1.19	$0.01
Shares outstanding	34.2M	33.6M	31.4M	30.4M	29.5M	28.4M	26.4M	26.0M	25.8M	25.0M	20.5M	13.8M
Current ratio	1.02	1.00	1.03	0.82	0.77	0.79	0.73	0.80	0.91	0.98	0.84	1.44
Quick ratio	0.54	0.56	0.51	0.47	0.45	0.25	0.27	0.28	0.35	0.62	0.48	1.37
Debt / equity	0.22	0.23	0.23	0.31	0.26	0.36	0.47	0.46	0.49	0.35	0.39	5.79
Equity / assets	69.8%	69.3%	70.1%	65.9%	68.5%	62.9%	58.5%	59.0%	58.9%	64.3%	61.2%	6.2%

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.

GIFT financial position

At the end of fiscal 2025 (December 31, 2025), RDE had total assets of $31.8 million (down 10.3% from a year earlier), total liabilities of $9.5 million and shareholders' equity of $22.3 million. It held $3.7 million in cash and short-term investments against $5.1 million of debt, net debt of $1.4 million. Its current ratio was 1.03. In the latest quarter (ended June 30, 2026) total assets were $30.2 million and equity $21.1 million.

Related: GIFT income statement, GIFT cash flow statement, GIFT key metrics. See the GIFT stock overview for the latest quote and news.

GIFT balance sheet FAQ

What are RDE's total assets?

RDE reported total assets of $31.8 million at the end of fiscal 2025 (December 31, 2025), compared with $35.5 million a year earlier.

How much debt does RDE have?

RDE had $5.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.23.

How much cash does RDE have?

RDE held $3.7 million in cash and short-term investments at the end of fiscal 2025; with $5.1 million of debt that is net debt of $1.4 million.

What is RDE's book value?

RDE's shareholders' equity (book value) was $22.3 million at the end of fiscal 2025, or $0.75 per share.

What is RDE's current ratio?

RDE had current assets of $7.7 million and current liabilities of $7.5 million, a current ratio of 1.03 (it can cover its short-term obligations).

How much goodwill does RDE have?

RDE carried $22.5 million of goodwill and intangible assets, 70.6% of total assets, at the end of fiscal 2025.