Gyre Therapeutics, Inc. (GYRE) Balance Sheet
GYRE balance sheet, 2025
December 31, 2025 · U.S. dollars$166.1M assets = $23.9M liabilities + $142.3M equity
Both columns are drawn to the same scale: what GYRE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
GYRE financial health
Descriptive bands, not a rating. Fiscal 2025.
GYRE balance sheet trends, 2015–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $69.5M2015 | $166.1M2025 | +11.5%/yr | |
| Total liabilities | $38.1M2015 | $23.9M2025 | −5.7%/yr | |
| Shareholders’ equity | $31.4M2015 | $106.0M2025 | +16.4%/yr | |
| Cash & short-term investments | $32.5M2015 | $52.4M2025 | +6.2%/yr | |
| Total debt | $33.7M2015 | $939,0002025 | −36.1%/yr | |
| Net cash (debt) | −$1.2M2015 | $51.5M2025 | +$52.7M | |
| Working capital | $30.9M2015 | $84.1M2025 | +$53.1M | |
| Book value per share | −$0.242023 | $1.032025 | — | |
| Current ratio | 1.822015 | 5.602025 | +3.78 | |
| Debt / equity | 1.072015 | 0.012025 | −1.06 | |
| Shares outstanding | 65.8M2023 | 103.2M2025 | +25.2%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GYRE assets
GYRE liabilities and equity
GYRE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
GYRE balance sheet
| 2025 | 2024 | 2023 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Cash & short-term investments | $52.4M | $26.7M | $33.5M | $79.4M | $76.9M | $120.1M | $32.4M | $17.1M | $32.5M |
| Cash & equivalents | $37.1M | $11.8M | $33.5M | $30.4M | $15.4M | $31.2M | $14.5M | $10.3M | $29.1M |
| Short-term investments | $15.4M | $14.9M | $0 | $49.0M | $61.5M | $88.9M | $18.0M | $6.8M | $3.4M |
| Receivables | $36.9M | $29.2M | $16.8M | $3.3M | $15.0M | $0 | $24,000 | $31,000 | $492,000 |
| Inventory | $10.2M | $6.3M | $4.3M | $1,000 | $0 | $0 | $5.3M | $19.5M | $33.8M |
| Other current assets | $2.8M | $2.6M | $2.6M | $6.8M | $4.2M | $3.9M | $1.3M | $958,000 | $1.9M |
| Total current assets | $102.4M | $64.8M | $57.2M | $89.5M | $96.1M | $124.0M | $39.1M | $37.5M | $68.7M |
| Property, plant & equipment (net) | $24.7M | $25.7M | $23.8M | $2.3M | $2.2M | $386,000 | $276,000 | $444,000 | $698,000 |
| Goodwill & intangible assets | $4.7M | $1.7M | $3.2M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $23.5M | $24.6M | $23.4M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $10.8M | $8.6M | $8.9M | $3.1M | $257,000 | $543,000 | $128,000 | $125,000 | $125,000 |
| Total assets | $166.1M | $125.4M | $116.5M | $94.8M | $98.6M | $124.9M | $39.5M | $38.1M | $69.5M |
| Liabilities | |||||||||
| Accounts payable | $124,000 | $108,000 | $355,000 | $5.9M | $4.3M | $1.2M | $747,000 | $837,000 | $939,000 |
| Short-term debt | $636,000 | $713,000 | $210,000 | $663,000 | $483,000 | — | $5.1M | $19.4M | $33.7M |
| Deferred revenue | $111,000 | $156,000 | $79,000 | $2.0M | $15.0M | — | $212,000 | $283,000 | $438,000 |
| Total current liabilities | $18.3M | $19.5M | $20.0M | $17.8M | $28.9M | $4.8M | $8.7M | $22.0M | $37.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $939,000 | $1.6M | $409,000 | — | — | — | — | — | — |
| Other long-term liabilities | $5.6M | $7.5M | $82.5M | $981,000 | $1.3M | $174,000 | $0 | $54,000 | $340,000 |
| Total liabilities | $23.9M | $27.0M | $102.6M | $18.8M | $30.2M | $5.0M | $8.7M | $22.0M | $38.1M |
| Shareholders' equity | |||||||||
| Common stock & paid-in capital | $91 | $86,000 | $77,000 | $22,000 | $12,000 | $12,000 | $6,000 | $1,000 | $11,000 |
| Retained earnings (deficit) | −$68.4M | −$73.5M | −$85.5M | −$314.8M | −$258.5M | −$203.3M | −$173.5M | −$148.0M | −$131.0M |
| Accumulated other comprehensive income | $2.3M | $501,000 | $1.5M | $5,000 | $34,000 | −$4,000 | — | −$1,000 | $1,000 |
| Minority interest | $36.3M | $35.1M | $29.8M | — | — | — | — | — | — |
| Total shareholders' equity | $106.0M | $63.3M | −$15.8M | $76.1M | $68.3M | $119.9M | $30.8M | $16.1M | $31.4M |
| Key figures | |||||||||
| Total debt | $939,000 | $1.6M | $409,000 | $1.6M | $1.8M | — | $5.1M | $19.4M | $33.7M |
| Net cash (debt) | $51.5M | $25.1M | $33.1M | $77.7M | $75.1M | — | $27.4M | −$2.3M | −$1.2M |
| Working capital | $84.1M | $45.3M | $37.2M | $71.7M | $67.2M | $119.2M | $30.4M | $15.6M | $30.9M |
| Tangible book value | $101.3M | $61.6M | −$19.0M | $76.1M | $68.3M | $119.9M | $30.8M | $16.1M | $31.4M |
| Book value per share | $1.03 | $0.62 | −$0.24 | — | — | — | — | — | — |
| Shares outstanding | 103.2M | 102.3M | 65.8M | — | — | — | — | — | — |
| Current ratio | 5.60 | 3.32 | 2.85 | 5.03 | 3.32 | 25.83 | 4.48 | 1.71 | 1.82 |
| Quick ratio | 4.89 | 2.86 | 2.51 | 4.65 | 3.18 | 25.02 | 3.72 | 0.78 | 0.87 |
| Debt / equity | 0.01 | 0.03 | — | 0.02 | 0.03 | — | 0.17 | 1.21 | 1.07 |
| Equity / assets | 63.8% | 50.5% | −13.6% | 80.2% | 69.3% | 96.0% | 77.9% | 42.2% | 45.2% |
| 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 | $74.8M | $49.8M | $52.4M | $60.0M | $54.4M | $29.9M | $26.7M | $25.1M | $25.1M | $37.4M | $33.5M | $2.2M |
| Cash & equivalents | $43.3M | $37.5M | $37.1M | $40.4M | $36.5M | $15.0M | $11.8M | $15.9M | $16.1M | $29.8M | $33.5M | $2.2M |
| Short-term investments | $31.5M | $12.3M | $15.4M | $19.6M | $17.9M | $14.8M | $14.9M | $9.2M | $9.0M | $7.6M | $0 | — |
| Receivables | $28.2M | $26.8M | $36.9M | $26.8M | $25.4M | $22.5M | $29.2M | $20.8M | $19.9M | $16.7M | $16.8M | $1.2M |
| Inventory | $11.4M | $11.4M | $10.2M | $8.9M | $8.9M | $7.9M | $6.3M | $6.4M | $5.6M | $4.9M | $4.3M | $1.2M |
| Other current assets | $7.6M | $3.8M | $2.8M | $2.9M | $2.7M | $8.2M | $2.6M | $2.6M | $2.9M | $3.7M | $2.6M | $535,000 |
| Total current assets | $122.1M | $91.7M | $102.4M | $98.6M | $91.3M | $68.4M | $64.8M | $54.8M | $53.5M | $62.7M | $57.2M | $5.1M |
| Property, plant & equipment (net) | $27.3M | $23.6M | $24.7M | $23.6M | $23.4M | $23.5M | $25.7M | $26.4M | $25.8M | $23.9M | $23.8M | $23.8M |
| Goodwill & intangible assets | $4.5M | $4.6M | $6.2M | $4.8M | $5.0M | $5.1M | $1.7M | $1.7M | $1.6M | $1.7M | $1.7M | $1.7M |
| Long-term investments | $28.4M | $29.4M | $23.5M | $20.3M | $21.5M | $21.4M | $24.6M | $29.5M | $28.8M | $23.1M | $23.4M | $0 |
| Other non-current assets | $16.9M | $12.7M | $9.4M | $12.0M | $11.5M | $11.4M | $8.6M | $12.8M | $11.2M | $10.6M | $10.4M | $0 |
| Total assets | $199.3M | $162.0M | $166.1M | $159.4M | $152.6M | $129.8M | $125.4M | $125.2M | $120.9M | $122.0M | $116.5M | $10.0M |
| Liabilities | ||||||||||||
| Accounts payable | $1.2M | $265,000 | $124,000 | $556,000 | $71,000 | $122,000 | $108,000 | $303,000 | $271,000 | $330,000 | $355,000 | $158,000 |
| Short-term debt | $1.4M | $751,000 | $636,000 | $626,000 | $622,000 | $805,000 | $713,000 | $694,000 | $659,000 | $100,000 | $210,000 | — |
| Deferred revenue | $189,000 | $99,000 | $111,000 | $154,000 | $95,000 | $123,000 | $156,000 | $76,000 | $97,000 | $75,000 | $79,000 | — |
| Total current liabilities | $28.7M | $19.8M | $18.3M | $15.9M | $16.9M | $19.0M | $19.5M | $14.7M | $15.6M | $19.5M | $20.0M | $1.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $3.4M | $823,000 | $939,000 | $1.2M | $1.4M | $1.6M | $1.6M | $1.8M | $2.0M | $275,000 | $409,000 | — |
| Other long-term liabilities | $5.7M | $5.2M | $5.6M | $6.1M | $6.3M | $6.5M | $7.5M | $12.1M | $12.0M | $13.8M | $82.5M | $4.7M |
| Total liabilities | $34.3M | $25.0M | $23.9M | $22.0M | $23.2M | $25.5M | $27.0M | $26.8M | $27.6M | $33.2M | $102.6M | $6.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $106,000 | $91,000 | $91,000 | $91,000 | $91,000 | $87,000 | $86,000 | $85,000 | $85,000 | $85,000 | $77,000 | $37,000 |
| Retained earnings (deficit) | −$138.0M | −$77.7M | −$68.4M | −$66.7M | −$70.3M | −$70.8M | −$73.5M | −$73.4M | −$74.5M | −$78.0M | −$85.5M | −$414.7M |
| Accumulated other comprehensive income | $5.1M | $4.2M | $2.3M | $1.4M | $811,000 | $612,000 | $501,000 | $2.2M | $1.1M | $1.4M | $1.5M | $97.6M |
| Minority interest | $34.6M | $35.7M | $36.3M | $35.5M | $37.4M | — | — | — | — | — | — | — |
| Total shareholders' equity | $130.4M | $101.3M | $106.0M | $101.9M | $92.0M | $68.1M | $63.3M | $63.2M | $60.4M | $56.6M | −$15.8M | $3.5M |
| Key figures | ||||||||||||
| Total debt | $3.4M | $823,000 | $939,000 | $1.2M | $1.4M | $1.6M | $1.6M | $1.8M | $2.0M | $275,000 | $409,000 | $199,000 |
| Net cash (debt) | $71.4M | $49.0M | $51.5M | $58.9M | $53.0M | $28.3M | $25.1M | $23.3M | $23.1M | $37.1M | $33.1M | $2.0M |
| Working capital | $93.4M | $71.9M | $84.1M | $82.7M | $74.4M | $49.5M | $45.3M | $40.1M | $37.9M | $43.2M | $37.2M | $3.3M |
| Tangible book value | $125.8M | $96.7M | $99.9M | $97.1M | $87.1M | $63.0M | $61.6M | $61.5M | $58.7M | $55.0M | −$17.5M | $1.8M |
| Book value per share | $1.30 | $1.11 | $1.03 | $0.99 | $1.03 | $0.67 | $0.62 | $0.62 | $0.58 | $0.55 | −$0.21 | $0.05 |
| Shares outstanding | 100.6M | 91.3M | 102.9M | 102.7M | 89.2M | 102.0M | 102.3M | 102.6M | 104.3M | 102.6M | 76.6M | 76.6M |
| Current ratio | 4.26 | 4.64 | 5.60 | 6.19 | 5.40 | 3.60 | 3.32 | 3.72 | 3.44 | 3.22 | 2.85 | 2.88 |
| Quick ratio | 3.59 | 3.87 | 4.89 | 5.46 | 4.71 | 2.76 | 2.86 | 3.12 | 2.89 | 2.78 | 2.51 | 1.92 |
| Debt / equity | 0.03 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.00 | — | 0.06 |
| Equity / assets | 65.4% | 62.5% | 63.8% | 63.9% | 60.3% | 52.5% | 50.5% | 50.4% | 49.9% | 46.4% | −13.6% | 35.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 13, 2026); data from EODHD.
GYRE financial position
At the end of fiscal 2025 (December 31, 2025), Gyre Therapeutics had total assets of $166.1 million (up 32.5% from a year earlier), total liabilities of $23.9 million and shareholders' equity of $106.0 million. It held $52.4 million in cash and short-term investments against $0.9 million of debt, a net cash position of $51.5 million. Its current ratio was 5.60. In the latest quarter (ended June 30, 2026) total assets were $199.3 million and equity $130.4 million.
Related: GYRE income statement, GYRE cash flow statement, GYRE key metrics. See the GYRE stock overview for the latest quote and news.
GYRE balance sheet FAQ
What are Gyre Therapeutics's total assets?
Gyre Therapeutics reported total assets of $166.1 million at the end of fiscal 2025 (December 31, 2025), compared with $125.4 million a year earlier.
How much debt does Gyre Therapeutics have?
Gyre Therapeutics had $0.9 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 Gyre Therapeutics have?
Gyre Therapeutics held $52.4 million in cash and short-term investments at the end of fiscal 2025; with $0.9 million of debt that is net cash of $51.5 million.
What is Gyre Therapeutics's book value?
Gyre Therapeutics's shareholders' equity (book value) was $106.0 million at the end of fiscal 2025, or $1.03 per share.
What is Gyre Therapeutics's current ratio?
Gyre Therapeutics had current assets of $102.4 million and current liabilities of $18.3 million, a current ratio of 5.60 (it can cover its short-term obligations).
How much goodwill does Gyre Therapeutics have?
Gyre Therapeutics carried $4.7 million of goodwill and intangible assets, 2.8% of total assets, at the end of fiscal 2025.