Genasys Inc. (GNSS) Balance Sheet
GNSS balance sheet, FY2025
September 30, 2025 · U.S. dollars$63.9M assets = $61.7M liabilities + $2.2M equity
Both columns are drawn to the same scale: what GNSS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GNSS financial health
Descriptive bands, not a rating. Fiscal FY2025.
GNSS balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $36.8MFY2016 | $63.9MFY2025 | +6.3%/yr | |
| Total liabilities | $2.2MFY2016 | $61.7MFY2025 | +44.5%/yr | |
| Shareholders’ equity | $34.6MFY2016 | $2.2MFY2025 | −26.5%/yr | |
| Cash & short-term investments | $16.4MFY2016 | $8.0MFY2025 | −7.6%/yr | |
| Total debt | $197,034FY2016 | $21.4MFY2025 | +68.3%/yr | |
| Net cash (debt) | $16.2MFY2016 | −$13.3MFY2025 | −$29.5M | |
| Working capital | $23.1MFY2016 | −$15.1MFY2025 | −$38.2M | |
| Book value per share | $1.08FY2016 | $0.05FY2025 | −29.2%/yr | |
| Current ratio | 12.12FY2016 | 0.72FY2025 | −11.39 | |
| Debt / equity | 0.01FY2016 | 9.85FY2025 | +9.85 | |
| Shares outstanding | 32.0MFY2016 | 45.1MFY2025 | +3.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GNSS assets
GNSS liabilities and equity
GNSS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GNSS balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $8.0M | $12.9M | $10.1M | $19.1M | $18.9M | $27.6M | $22.5M | $14.7M | $17.1M | $16.4M |
| Cash & equivalents | $8.0M | $4.9M | $8.7M | $12.7M | $13.2M | $23.3M | $18.8M | $11.1M | $12.8M | $13.5M |
| Short-term investments | $70,000 | $7.9M | $1.5M | $6.4M | $5.7M | $4.3M | $3.7M | $3.6M | $4.4M | $2.9M |
| Receivables | $14.6M | $3.7M | $6.2M | $8.4M | $7.7M | $5.4M | $3.6M | $3.9M | $5.9M | $3.4M |
| Inventory | $8.8M | $7.3M | $6.5M | $6.0M | $6.4M | $5.9M | $5.8M | $6.7M | $5.3M | $4.8M |
| Other current assets | $7.9M | $2.2M | $2.4M | $2.0M | $2.5M | $1.1M | $2.0M | $2.4M | $731,279 | $595,638 |
| Total current assets | $39.3M | $26.1M | $25.2M | $35.6M | $35.5M | $40.1M | $34.0M | $27.7M | $29.0M | $25.2M |
| Property, plant & equipment (net) | $3.5M | $4.4M | $5.4M | $6.3M | $6.6M | $7.2M | $2.3M | $2.4M | $509,603 | $473,344 |
| Goodwill & intangible assets | $19.6M | $21.8M | $18.7M | $20.6M | $36.6M | $3.4M | $3.5M | $4.0M | $55,689 | $62,905 |
| Long-term investments | $0 | $249,000 | $0 | $781,000 | $1.9M | $3.8M | $1.4M | $1.2M | $711,124 | $2.2M |
| Other non-current assets | $1.4M | $1.3M | $551,000 | $8.6M | $9.5M | $11.6M | $5.9M | $6.5M | $8.5M | $8.9M |
| Total assets | $63.9M | $53.9M | $49.9M | $71.9M | $90.1M | $66.2M | $47.1M | $41.9M | $38.9M | $36.8M |
| Liabilities | ||||||||||
| Accounts payable | $8.2M | $4.0M | $2.8M | $2.3M | $2.2M | $1.4M | $860,000 | $3.1M | $1.1M | $574,566 |
| Short-term debt | $19.1M | $1.0M | $1.0M | $948,000 | $1.2M | $1.1M | $280,000 | $296,594 | $197,034 | $197,034 |
| Deferred revenue | $23.9M | $5.2M | $3.5M | $6.6M | $9.8M | $4.4M | $5.6M | $659,682 | $343,163 | $637,763 |
| Total current liabilities | $54.4M | $14.1M | $11.3M | $15.4M | $17.5M | $10.3M | $9.3M | $6.6M | $3.7M | $2.1M |
| Long-term debt | $0 | $12.0M | $0 | $0 | $0 | $18,000 | $32,900 | $52,360 | $0 | $0 |
| Lease obligations | $3.3M | $4.3M | $5.3M | $6.1M | $6.6M | $7.2M | — | — | — | — |
| Other long-term liabilities | $7.3M | $10.3M | $4.8M | $6.1M | $6.7M | $6.7M | $2.4M | $1.7M | $0 | $165,038 |
| Total liabilities | $61.7M | $36.4M | $16.1M | $21.5M | $24.2M | $17.0M | $11.7M | $8.4M | $3.7M | $2.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | $330 | $332 | $322 | $318 |
| Retained earnings (deficit) | −$125.9M | −$107.8M | −$76.1M | −$57.4M | −$41.2M | −$41.9M | −$53.7M | −$56.5M | −$52.8M | −$51.9M |
| Accumulated other comprehensive income | $687,000 | −$335,000 | −$505,000 | −$792,000 | $2,000 | −$250,000 | −$459,000 | −$245,375 | −$1,269 | −$1,549 |
| Total shareholders' equity | $2.2M | $17.6M | $33.8M | $50.4M | $66.0M | $49.1M | $35.4M | $33.5M | $35.2M | $34.6M |
| Key figures | ||||||||||
| Total debt | $21.4M | $16.3M | $5.3M | $6.1M | $6.9M | $7.5M | $313,000 | $348,952 | $197,034 | $197,034 |
| Net cash (debt) | −$13.3M | −$3.4M | $4.9M | $13.0M | $11.9M | $20.1M | $22.2M | $14.3M | $16.9M | $16.2M |
| Working capital | −$15.1M | $12.1M | $13.9M | $20.2M | $18.0M | $29.8M | $24.8M | $21.1M | $25.4M | $23.1M |
| Tangible book value | −$17.4M | −$4.3M | $15.1M | $29.8M | $29.3M | $45.7M | $31.9M | $29.5M | $35.1M | $34.5M |
| Book value per share | $0.05 | $0.40 | $0.92 | $1.38 | $1.85 | $1.44 | $1.06 | $1.03 | $1.10 | $1.08 |
| Shares outstanding | 45.1M | 44.3M | 36.9M | 36.5M | 35.6M | 34.1M | 33.4M | 32.5M | 31.9M | 32.0M |
| Current ratio | 0.72 | 1.86 | 2.24 | 2.31 | 2.03 | 3.89 | 3.67 | 4.21 | 7.91 | 12.12 |
| Quick ratio | 0.42 | 1.18 | 1.45 | 1.79 | 1.52 | 3.20 | 2.82 | 2.82 | 6.28 | 9.54 |
| Debt / equity | 9.85 | 0.93 | 0.16 | 0.12 | 0.10 | 0.15 | 0.01 | 0.01 | 0.01 | 0.01 |
| Equity / assets | 3.4% | 32.6% | 67.8% | 70.1% | 73.2% | 74.3% | 75.1% | 80.0% | 90.5% | 93.9% |
| 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 | $3.1M | $961,000 | $10.3M | $8.0M | $5.5M | $7.1M | $13.6M | $12.9M | $12.7M | $6.6M | $13.6M | $10.1M |
| Cash & equivalents | $3.1M | $931,000 | $10.3M | $8.0M | $5.3M | $5.7M | $8.5M | $4.9M | $8.7M | $3.5M | $4.8M | $8.7M |
| Short-term investments | $0 | $30,000 | $30,000 | $70,000 | $120,000 | $1.4M | $5.1M | $7.9M | $4.0M | $3.0M | $8.8M | $1.5M |
| Receivables | $12.8M | $16.7M | $17.0M | $14.6M | $8.3M | $3.9M | $3.3M | $3.7M | $5.7M | $2.9M | $4.5M | $6.2M |
| Inventory | $11.5M | $18.1M | $8.6M | $8.8M | $11.4M | $8.7M | $7.5M | $7.3M | $7.3M | $6.6M | $6.9M | $6.5M |
| Other current assets | $9.0M | $3.0M | $8.1M | $7.9M | $6.8M | $3.7M | $3.6M | $2.2M | $5.9M | $6.3M | $2.0M | $2.4M |
| Total current assets | $36.3M | $38.8M | $44.0M | $39.3M | $31.9M | $23.4M | $28.0M | $26.1M | $31.6M | $22.3M | $27.0M | $25.2M |
| Property, plant & equipment (net) | $2.6M | $3.0M | $3.2M | $3.5M | $3.7M | $4.0M | $4.1M | $4.4M | $4.7M | $5.0M | $5.3M | $5.4M |
| Goodwill & intangible assets | $17.8M | $18.4M | $19.0M | $19.6M | $20.2M | $20.6M | $21.1M | $21.8M | $22.4M | $23.0M | $23.5M | $18.7M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $130,000 | $305,000 | $249,000 | $0 | $0 | $0 | $0 |
| Other non-current assets | $1.5M | $1.5M | $1.4M | $1.4M | $1.6M | $1.6M | $1.2M | $1.3M | $750,000 | $785,000 | $840,000 | $551,000 |
| Total assets | $58.3M | $61.6M | $67.6M | $63.9M | $57.4M | $49.7M | $54.6M | $53.9M | $59.4M | $51.0M | $56.6M | $49.9M |
| Liabilities | ||||||||||||
| Accounts payable | $8.7M | $9.7M | $7.5M | $8.2M | $7.8M | $4.2M | $4.5M | $4.0M | $3.6M | $2.6M | $1.9M | $2.8M |
| Short-term debt | $12.8M | $15.8M | $15.0M | $19.1M | $18.1M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M | $1.0M |
| Deferred revenue | $16.4M | $3.7M | $34.1M | $23.9M | $19.9M | $14.1M | $12.2M | $5.2M | $4.4M | $4.6M | $4.2M | $3.5M |
| Total current liabilities | $47.6M | $53.2M | $60.0M | $54.4M | $49.4M | $22.6M | $21.1M | $14.1M | $12.3M | $11.9M | $11.5M | $11.3M |
| Long-term debt | $7.6M | $0 | $0 | $0 | $0 | $12.8M | $12.4M | $12.0M | $11.7M | $0 | $0 | $0 |
| Lease obligations | $2.5M | $2.8M | $3.1M | $3.3M | $3.5M | $3.8M | $4.0M | $4.3M | $16.2M | $4.8M | $5.1M | $5.3M |
| Other long-term liabilities | $4.4M | $5.4M | $5.8M | $7.3M | $4.8M | $6.2M | $7.5M | $10.3M | $7.0M | $4.2M | $4.5M | $4.8M |
| Total liabilities | $59.6M | $58.6M | $65.8M | $61.7M | $54.2M | $41.7M | $41.0M | $36.4M | $30.9M | $16.1M | $16.1M | $16.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | — | — | — | — | — | — | $34.9M | — | — |
| Retained earnings (deficit) | −$130.7M | −$126.0M | −$126.7M | −$125.9M | −$124.5M | −$118.0M | −$111.9M | −$107.8M | −$96.4M | −$89.7M | −$82.8M | −$76.1M |
| Accumulated other comprehensive income | $593,000 | $635,000 | $692,000 | $687,000 | $676,000 | −$455,000 | −$542,000 | −$335,000 | −$470,000 | −$445,000 | −$386,000 | −$505,000 |
| Total shareholders' equity | −$1.3M | $3.0M | $1.8M | $2.2M | $3.2M | $8.1M | $13.7M | $17.6M | $28.5M | $34.9M | $40.6M | $33.8M |
| Key figures | ||||||||||||
| Total debt | $21.7M | $17.4M | $16.9M | $21.4M | $20.6M | $16.6M | $16.4M | $16.3M | $16.2M | $4.8M | $5.1M | $5.3M |
| Net cash (debt) | −$18.6M | −$16.4M | −$6.6M | −$13.3M | −$15.1M | −$9.5M | −$2.8M | −$3.4M | −$3.5M | $1.8M | $8.5M | $4.9M |
| Working capital | −$11.2M | −$14.3M | −$16.0M | −$15.1M | −$17.5M | $799,000 | $7.0M | $12.1M | $19.4M | $10.3M | $15.4M | $13.9M |
| Tangible book value | −$19.1M | −$15.4M | −$17.2M | −$17.4M | −$17.0M | −$12.5M | −$7.4M | −$4.3M | $6.1M | $11.9M | $17.0M | $15.1M |
| Book value per share | −$0.03 | $0.07 | $0.04 | $0.05 | $0.07 | $0.18 | $0.30 | $0.40 | $0.64 | $0.79 | $0.93 | $0.91 |
| Shares outstanding | 45.5M | 45.2M | 45.2M | 45.2M | 45.2M | 45.0M | 44.9M | 44.5M | 44.6M | 44.2M | 43.7M | 37.2M |
| Current ratio | 0.76 | 0.73 | 0.73 | 0.72 | 0.65 | 1.04 | 1.33 | 1.86 | 2.58 | 1.87 | 2.34 | 2.24 |
| Quick ratio | 0.33 | 0.33 | 0.46 | 0.42 | 0.28 | 0.49 | 0.80 | 1.18 | 1.50 | 0.79 | 1.57 | 1.45 |
| Debt / equity | — | 5.74 | 9.35 | 9.85 | 6.52 | 2.06 | 1.20 | 0.93 | 0.57 | 0.14 | 0.12 | 0.16 |
| Equity / assets | −2.3% | 4.9% | 2.7% | 3.4% | 5.5% | 16.2% | 25.0% | 32.6% | 47.9% | 68.4% | 71.6% | 67.8% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 15, 2025); data from EODHD.
GNSS financial position
At the end of fiscal 2025 (September 30, 2025), Genasys had total assets of $63.9 million (up 18.4% from a year earlier), total liabilities of $61.7 million and shareholders' equity of $2.2 million. It held $8.0 million in cash and short-term investments against $21.4 million of debt, net debt of $13.3 million. Its current ratio was 0.72. In the latest quarter (ended June 30, 2026) total assets were $58.3 million and equity -$1.3 million.
Related: GNSS income statement, GNSS cash flow statement, GNSS key metrics. See the GNSS stock overview for the latest quote and news.
GNSS balance sheet FAQ
What are Genasys's total assets?
Genasys reported total assets of $63.9 million at the end of fiscal 2025 (September 30, 2025), compared with $53.9 million a year earlier.
How much debt does Genasys have?
Genasys had $21.4 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 9.85.
How much cash does Genasys have?
Genasys held $8.0 million in cash and short-term investments at the end of fiscal 2025; with $21.4 million of debt that is net debt of $13.3 million.
What is Genasys's book value?
Genasys's shareholders' equity (book value) was $2.2 million at the end of fiscal 2025, or $0.05 per share.
What is Genasys's current ratio?
Genasys had current assets of $39.3 million and current liabilities of $54.4 million, a current ratio of 0.72 (current liabilities exceed current assets).
How much goodwill does Genasys have?
Genasys carried $19.6 million of goodwill and intangible assets, 30.7% of total assets, at the end of fiscal 2025.