GRI Bio, Inc. (GRI) Balance Sheet
GRI balance sheet, 2025
December 31, 2025 · U.S. dollars$8.7M assets = $2.7M liabilities + $6.0M equity
Both columns are drawn to the same scale: what GRI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GRI financial health
Descriptive bands, not a rating. Fiscal 2025.
GRI balance sheet trends, 2018–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $639,2312018 | $8.7M2025 | +45.1%/yr | |
| Total liabilities | $486,2922018 | $2.7M2025 | +27.5%/yr | |
| Shareholders’ equity | $152,9392018 | $6.0M2025 | +68.9%/yr | |
| Cash & short-term investments | $612,6522018 | $8.2M2025 | +44.9%/yr | |
| Total debt | $340,0212019 | $71,0002025 | −23.0%/yr | |
| Net cash (debt) | $3.5M2019 | $8.2M2025 | +$4.7M | |
| Working capital | $151,3472018 | $5.9M2025 | +$5.8M | |
| Current ratio | 1.312018 | 3.252025 | +1.94 | |
| Debt / equity | 0.112019 | 0.012025 | −0.09 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GRI assets
GRI liabilities and equity
GRI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GRI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & short-term investments | $8.2M | $5.0M | $1.8M | $9,000 | $90,000 | $109,000 | $3.8M | $612,652 |
| Cash & equivalents | $8.2M | $5.0M | $1.8M | $9,000 | $90,000 | $109,000 | $3.8M | $612,652 |
| Short-term investments | — | — | — | — | $3.8M | — | — | — |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $363,000 | $587,000 | $1.1M | $303,000 | $6,000 | $565,000 | $100,860 | $24,987 |
| Total current assets | $8.6M | $5.6M | $2.9M | $312,000 | $96,000 | $674,000 | $3.9M | $637,639 |
| Property, plant & equipment (net) | $74,000 | $124,000 | $22,000 | $71,000 | $117,000 | $281,000 | $353,902 | $1,592 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $5,000 | $0 | $0 | $0 |
| Total assets | $8.7M | $5.7M | $3.0M | $383,000 | $218,000 | $955,000 | $4.3M | $639,231 |
| Liabilities | ||||||||
| Accounts payable | $1.8M | $897,000 | $1.4M | $1.3M | $57,000 | $1.2M | $246,329 | $286,613 |
| Short-term debt | $56,000 | $48,000 | $14,000 | $659,000 | $3.5M | $152,000 | $85,665 | — |
| Deferred revenue | — | — | — | $5,000 | $62,000 | $81,000 | — | — |
| Total current liabilities | $2.6M | $1.6M | $2.7M | $2.0M | $4.9M | $2.2M | $807,498 | $486,292 |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $71,000 | $119,000 | $14,000 | $71,000 | $114,000 | — | — | — |
| Other long-term liabilities | $15,000 | $71,000 | $0 | $14,000 | $67,000 | $183,999 | $254,356 | $0 |
| Total liabilities | $2.7M | $1.7M | $2.7M | $2.0M | $4.9M | $2.4M | $1.1M | $486,292 |
| Shareholders' equity | ||||||||
| Common stock & paid-in capital | — | — | — | $1,000 | $352,000 | $227,000 | $18,025 | $11,250 |
| Retained earnings (deficit) | −$51.7M | −$39.7M | −$31.5M | −$18.5M | −$15.3M | −$12.6M | −$7.8M | −$4.3M |
| Accumulated other comprehensive income | — | — | — | — | −$2,000 | — | — | — |
| Total shareholders' equity | $6.0M | $4.0M | $259,000 | −$1.6M | −$4.7M | −$1.5M | $3.2M | $152,939 |
| Key figures | ||||||||
| Total debt | $71,000 | $119,000 | $14,000 | $673,000 | $3.6M | $336,000 | $340,021 | — |
| Net cash (debt) | $8.2M | $4.9M | $1.8M | −$664,000 | −$3.5M | −$227,000 | $3.5M | — |
| Working capital | $5.9M | $4.0M | $237,000 | −$1.7M | −$4.8M | −$1.6M | $3.1M | $151,347 |
| Tangible book value | $6.0M | $4.0M | $259,000 | −$1.6M | −$4.7M | −$1.5M | $3.2M | $152,939 |
| Book value per share | — | $0.82 | — | — | — | — | — | — |
| Shares outstanding | — | 4.9M | — | — | — | — | — | — |
| Current ratio | 3.25 | 3.43 | 1.09 | 0.16 | 0.02 | 0.30 | 4.86 | 1.31 |
| Quick ratio | 3.11 | 3.07 | 0.67 | 0.00 | 0.02 | 0.05 | 4.73 | 1.26 |
| Debt / equity | 0.01 | 0.03 | 0.05 | — | — | — | 0.11 | — |
| Equity / assets | 69.3% | 70.3% | 8.8% | −424.3% | −2,167.0% | −152.3% | 75.2% | 23.9% |
| 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 | $10.9M | $11.0M | $8.2M | $4.1M | $5.1M | $3.3M | $5.0M | $4.7M | $6.4M | $4.1M | $1.8M | $3.5M |
| Cash & equivalents | $10.9M | $11.0M | $8.2M | $4.1M | $5.1M | $3.3M | $5.0M | $4.7M | $6.4M | $4.1M | $1.8M | $3.5M |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $387,000 | $231,000 | $363,000 | $642,000 | $454,000 | $649,000 | $587,000 | $577,000 | $531,000 | $337,000 | $1.1M | $879,000 |
| Total current assets | $11.3M | $11.3M | $8.6M | $4.7M | $5.6M | $3.9M | $5.6M | $5.3M | $6.9M | $4.4M | $2.9M | $4.4M |
| Property, plant & equipment (net) | $46,000 | $60,000 | $74,000 | $85,000 | $99,000 | $112,000 | $124,000 | $136,000 | $147,000 | $159,000 | $22,000 | $37,000 |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $11.4M | $11.3M | $8.7M | $4.8M | $5.7M | $4.0M | $5.7M | $5.5M | $7.0M | $4.6M | $3.0M | $4.4M |
| Liabilities | ||||||||||||
| Accounts payable | $526,000 | $303,000 | $1.8M | $1.3M | $1.3M | $1.4M | $897,000 | $1.1M | $1.2M | $637,000 | $1.4M | $988,000 |
| Short-term debt | $44,000 | $58,000 | $56,000 | $54,000 | $52,000 | $50,000 | $48,000 | $47,000 | $45,000 | $43,000 | $14,000 | $28,000 |
| Deferred revenue | — | — | — | $15,000 | — | — | $13,000 | — | $48,000 | — | $38,000 | $1.1M |
| Total current liabilities | $1.1M | $794,000 | $2.6M | $2.8M | $2.3M | $2.8M | $1.6M | $1.7M | $2.2M | $1.7M | $2.7M | $2.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $44,000 | $58,000 | $71,000 | $84,000 | $96,000 | $108,000 | $119,000 | $131,000 | $141,000 | $152,000 | $14,000 | $28,000 |
| Other long-term liabilities | $0 | $0 | $15,000 | $30,000 | $44,000 | $58,000 | $71,000 | $84,000 | $96,000 | $108,999 | $2.5M | $0 |
| Total liabilities | $1.1M | $794,000 | $2.7M | $2.8M | $2.4M | $2.8M | $1.7M | $1.8M | $2.3M | $1.8M | $2.7M | $2.2M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | — | $850,000 | $850,000 | — | $850,000 | — | $850,000 | — | $850,000 | — |
| Retained earnings (deficit) | −$55.3M | −$53.7M | −$51.7M | −$49.0M | −$45.7M | −$42.8M | −$39.7M | −$37.8M | −$35.7M | −$33.4M | −$31.5M | −$29.5M |
| Accumulated other comprehensive income | — | — | — | $81,000 | −$76,000 | — | −$42,000 | — | $40,000 | — | −$91,000 | — |
| Total shareholders' equity | $10.3M | $10.5M | $6.0M | $2.0M | $3.3M | $1.2M | $4.0M | $3.7M | $4.7M | $2.8M | $259,000 | $2.2M |
| Key figures | ||||||||||||
| Total debt | $44,000 | $58,000 | $71,000 | $84,000 | $96,000 | $108,000 | $119,000 | $131,000 | $141,000 | $152,000 | $14,000 | $28,000 |
| Net cash (debt) | $10.9M | $11.0M | $8.2M | $4.0M | $5.0M | $3.2M | $4.9M | $4.6M | $6.2M | $3.9M | $1.8M | $3.5M |
| Working capital | $10.2M | $10.5M | $5.9M | $1.9M | $3.3M | $1.2M | $4.0M | $3.6M | $4.7M | $2.7M | $237,000 | $2.2M |
| Tangible book value | $10.3M | $10.5M | $6.0M | $2.0M | $3.3M | $1.2M | $4.0M | $3.7M | $4.7M | $2.8M | $259,000 | $2.2M |
| Book value per share | $5.70 | $8.50 | $12.07 | — | — | $2.29 | — | $0.74 | — | $0.87 | — | — |
| Shares outstanding | 1.8M | 1.2M | 498K | — | — | 525K | — | 4.9M | — | 3.2M | — | — |
| Current ratio | 10.30 | 14.21 | 3.25 | 1.70 | 2.41 | 1.41 | 3.43 | 3.10 | 3.11 | 2.64 | 1.09 | 2.01 |
| Quick ratio | 9.95 | 13.91 | 3.11 | 1.47 | 2.22 | 1.18 | 3.07 | 2.77 | 2.87 | 2.44 | 0.67 | 1.60 |
| Debt / equity | 0.00 | 0.01 | 0.01 | 0.04 | 0.03 | 0.09 | 0.03 | 0.04 | 0.03 | 0.05 | 0.05 | 0.01 |
| Equity / assets | 90.3% | 93.0% | 69.3% | 41.7% | 58.5% | 29.8% | 70.3% | 67.0% | 67.1% | 61.0% | 8.8% | 50.6% |
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.
GRI financial position
At the end of fiscal 2025 (December 31, 2025), GRI Bio had total assets of $8.7 million (up 51.0% from a year earlier), total liabilities of $2.7 million and shareholders' equity of $6.0 million. It held $8.2 million in cash and short-term investments against $0.1 million of debt, a net cash position of $8.2 million. Its current ratio was 3.25. In the latest quarter (ended June 30, 2026) total assets were $11.4 million and equity $10.3 million.
Related: GRI income statement, GRI cash flow statement, GRI key metrics. See the GRI stock overview for the latest quote and news.
GRI balance sheet FAQ
What are GRI Bio's total assets?
GRI Bio reported total assets of $8.7 million at the end of fiscal 2025 (December 31, 2025), compared with $5.7 million a year earlier.
How much debt does GRI Bio have?
GRI Bio had $0.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.01.
How much cash does GRI Bio have?
GRI Bio held $8.2 million in cash and short-term investments at the end of fiscal 2025; with $0.1 million of debt that is net cash of $8.2 million.
What is GRI Bio's book value?
GRI Bio's shareholders' equity (book value) was $6.0 million at the end of fiscal 2025.
What is GRI Bio's current ratio?
GRI Bio had current assets of $8.6 million and current liabilities of $2.6 million, a current ratio of 3.25 (it can cover its short-term obligations).