HCI Group, Inc. (HCI) Balance Sheet
HCI balance sheet, 2025
December 31, 2025 · U.S. dollars$2.53B assets = $1.41B liabilities + $1.11B equity
Both columns are drawn to the same scale: what HCI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HCI financial health
Debt / equity0.07
Low leverage · $0.07 of debt for each $1 of equity
Cash / debt1,828.9%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles2.5%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
HCI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $670.1M2016 | $2.53B2025 | +15.9%/yr | |
| Total liabilities | $426.3M2016 | $1.41B2025 | +14.3%/yr | |
| Shareholders’ equity | $243.7M2016 | $1.04B2025 | +17.5%/yr | |
| Cash & short-term investments | $499.8M2016 | $1.24B2025 | +10.6%/yr | |
| Total debt | $287.2M2016 | $67.9M2025 | −14.8%/yr | |
| Net cash (debt) | $212.6M2016 | $1.17B2025 | +$960.9M | |
| Working capital | $445.1M2016 | $322.9M2025 | −$122.2M | |
| Book value per share | $22.422016 | $80.812025 | +15.3%/yr | |
| Debt / equity | 1.182016 | 0.072025 | −1.11 | |
| Shares outstanding | 10.9M2016 | 12.9M2025 | +1.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HCI assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
HCI liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
HCI debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HCI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.24B | $1.05B | $770.5M | $500.2M | $671.5M | $503.1M | $432.5M | $488.7M | $552.3M | $499.8M |
| Cash & equivalents | $1.21B | $532.5M | $536.5M | $234.9M | $628.9M | $431.3M | $229.2M | $239.5M | $255.9M | $280.5M |
| Short-term investments | $31.3M | $521.3M | $234.0M | $483.9M | $42.6M | $71.7M | $203.3M | $249.2M | $296.4M | $219.3M |
| Receivables | $348.7M | $615.5M | $547.8M | $751.7M | $155.8M | $169.6M | $165.1M | $143.3M | $139.1M | $21.7M |
| Inventory | $0 | $0 | −$1.32B | −$537.4M | −$711.2M | −$539.4M | −$326.2M | −$376.6M | −$933.5M | −$384.5M |
| Other current assets | $53.9M | $0 | $859.6M | $754.1M | $711.2M | $528.5M | $316.7M | $379.8M | $330.4M | $311.3M |
| Total current assets | $1.64B | $97.7M | $859.6M | $1.47B | $827.4M | $661.7M | $588.1M | $635.1M | $88.3M | $448.4M |
| Property, plant & equipment (net) | $28.9M | $31.5M | $30.7M | $18.7M | $16.4M | $16.8M | $15.2M | $13.3M | $12.5M | $11.4M |
| Goodwill & intangible assets | $62.4M | $5.2M | $7.7M | $10.6M | $10.6M | $3.6M | $4.2M | $4.8M | $5.0M | $4.9M |
| Long-term investments | $680.9M | $795.5M | $452.4M | $617.5M | $197.1M | $226.3M | $343.1M | $389.6M | $382.3M | $300.4M |
| Other non-current assets | $112.7M | $1.30B | $461.0M | $0 | $125.4M | $32.9M | $0 | $0 | $354.3M | $0 |
| Total assets | $2.53B | $2.23B | $1.81B | $1.80B | $1.18B | $941.3M | $802.6M | $832.9M | $842.3M | $670.1M |
| Liabilities | ||||||||||
| Accounts payable | $29.3M | $23.0M | $12.9M | $26.3M | $23.3M | $87,000 | $76,000 | $14,000 | $15,000 | $3.3M |
| Short-term debt | $36.0M | $1.2M | $1.4M | $1.9M | $17.2M | $27.8M | $10.3M | $0 | $90.0M | $148.3M |
| Deferred revenue | $662.6M | — | $7.7M | $2,000 | — | $1.6M | — | −$91.3M | — | $2.5M |
| Total current liabilities | $1.32B | $41.8M | $296.3M | $27.0M | $21.2M | $27.9M | $4.0M | $14,000 | $90.0M | $3.3M |
| Long-term debt | $31.9M | $185.3M | $208.5M | $211.7M | $45.5M | $156.5M | $163.7M | $250.2M | $237.8M | $138.9M |
| Lease obligations | — | $1.2M | $1.4M | $734,000 | $2.2M | $4.1M | $60,000 | $55,000 | — | — |
| Other long-term liabilities | $61.4M | $1.58B | $1.18B | $0 | $11.7M | $11.9M | $4.0M | $1.1M | $0 | $0 |
| Total liabilities | $1.41B | $1.76B | $1.39B | $1.55B | $762.4M | $740.2M | $617.1M | $651.4M | $648.3M | $426.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $0 | $0 | $0 | $0 | $13,000 | $12,000 | $0 | $0 | $0 | $0 |
| Retained earnings (deficit) | $611.5M | $331.8M | $238.4M | $172.5M | $246.8M | $199.6M | $183.4M | $182.9M | $189.4M | $233.0M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | $1.5M | −$749,000 | −$3.2M | −$9.9M | $498,000 | $1.5M | $2.2M | −$1.5M | $4.6M | $2.6M |
| Minority interest | $73.6M | $15.7M | $98.5M | −$1.3M | $1.1M | — | — | — | $0 | $0 |
| Total shareholders' equity | $1.04B | $453.3M | $324.8M | $162.6M | $323.4M | $201.1M | $185.5M | $181.4M | $194.0M | $243.7M |
| Key figures | ||||||||||
| Total debt | $67.9M | $186.4M | $209.9M | $212.4M | $62.7M | $184.3M | $174.0M | $250.2M | $327.8M | $287.2M |
| Net cash (debt) | $1.17B | $867.3M | $560.6M | $287.8M | $608.8M | $318.8M | $258.6M | $238.5M | $224.5M | $212.6M |
| Working capital | $322.9M | $55.9M | $563.4M | $1.44B | $806.1M | $633.9M | $584.1M | $635.1M | −$1.7M | $445.1M |
| Tangible book value | $978.7M | $448.1M | $317.2M | $152.0M | $312.7M | $197.6M | $181.4M | $176.6M | $189.0M | $238.8M |
| Book value per share | $80.81 | $35.73 | $29.41 | $18.44 | $37.69 | $20.75 | $18.12 | $22.98 | $22.67 | $22.42 |
| Shares outstanding | 12.9M | 12.7M | 11.0M | 8.8M | 8.6M | 9.7M | 10.2M | 7.9M | 8.6M | 10.9M |
| Current ratio | 1.24 | 2.34 | 2.90 | 54.45 | 38.99 | 23.76 | 145.94 | 45,366.93 | 0.98 | 136.14 |
| Quick ratio | 1.20 | 39.89 | 4.45 | 46.42 | 38.99 | 24.15 | 148.29 | 45,142.93 | 7.68 | 158.33 |
| Debt / equity | 0.07 | 0.41 | 0.65 | 1.31 | 0.19 | 0.92 | 0.94 | 1.38 | 1.69 | 1.18 |
| Equity / assets | 41.2% | 20.3% | 17.9% | 9.0% | 27.5% | 21.4% | 23.1% | 21.8% | 23.0% | 36.4% |
| 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 | $942.7M | $1.05B | $1.24B | $1.18B | $1.30B | $1.27B | $1.05B | $957.8M | $675.3M | $935.7M | $770.5M | $742.7M |
| Cash & equivalents | $876.7M | $1.01B | $1.21B | $987.9M | $947.2M | $754.5M | $532.5M | $518.8M | $445.8M | $658.7M | $536.5M | $324.0M |
| Short-term investments | $70.4M | $40.5M | $31.3M | $196.9M | $357.7M | $511.8M | $521.3M | $439.0M | $229.5M | $280.3M | $234.0M | $418.7M |
| Receivables | $77.6M | $331.8M | $348.7M | $410.0M | $513.2M | $590.1M | $615.5M | $421.6M | $437.5M | $429.9M | $547.8M | $638.0M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.11B | −$1.37B | −$1.32B | −$718.2M |
| Other current assets | $0 | $24.7M | $53.9M | $78.4M | $11.9M | $46.6M | $0 | $0 | $813.0M | $1.04B | $970.7M | $675.6M |
| Total current assets | $954.3M | $1.41B | $1.64B | $1.67B | $1.83B | $1.90B | $97.7M | $1.38B | $813.0M | $1.04B | $970.7M | $1.34B |
| Property, plant & equipment (net) | $27.5M | $28.2M | $28.9M | $35.1M | $35.6M | $32.2M | $31.5M | $31.5M | $31.6M | $30.7M | $31.5M | $30.2M |
| Goodwill & intangible assets | $1.9M | $61.9M | $62.4M | $70.7M | $69.1M | $61.0M | $5.2M | $5.8M | $6.4M | $7.0M | $7.7M | $8.3M |
| Long-term investments | $1.17B | $997.1M | $680.9M | $645.5M | $670.6M | $728.3M | $795.5M | $746.1M | $716.0M | $546.8M | $452.4M | $481.8M |
| Other non-current assets | $498.2M | $112.8M | $112.7M | $0 | $0 | $0 | $1.30B | $0 | $344.4M | $0 | $349.1M | $0 |
| Total assets | $2.65B | $2.61B | $2.53B | $2.35B | $2.35B | $2.31B | $2.23B | $1.99B | $1.91B | $1.48B | $1.81B | $1.72B |
| Liabilities | ||||||||||||
| Accounts payable | $38.8M | $29.5M | $29.3M | $5.7M | $38.6M | $23.4M | $23.0M | $7.5M | $8.0M | $13.4M | $12.9M | $7.0M |
| Short-term debt | $36.0M | $36.0M | $36.0M | $997,000 | $1.1M | $1.1M | $1.2M | $47.2M | $49.3M | $51.4M | $1.4M | $1.5M |
| Deferred revenue | — | $645.8M | $662.6M | $684.6M | $671.2M | $611.4M | — | — | $9.0M | $23.2M | $7.7M | $5.6M |
| Total current liabilities | $16.5M | $1.32B | $1.32B | $1.38B | $1.48B | $1.50B | $41.8M | $54.7M | $314.1M | $310.1M | $275.9M | $7.0M |
| Long-term debt | $31.5M | $31.7M | $31.9M | $32.1M | $15.6M | $185.3M | $185.3M | $185.1M | $184.9M | $184.7M | $208.5M | $208.3M |
| Lease obligations | — | — | — | $997,000 | $1.1M | $1.1M | $1.2M | $1.2M | $1.3M | $1.4M | $1.4M | $1.5M |
| Other long-term liabilities | $1.42B | $80.7M | $61.4M | $79.7M | $73.9M | $76.7M | $1.53B | $0 | $1.27B | $584.1M | $1.18B | $1.22B |
| Total liabilities | $1.47B | $1.43B | $1.41B | $1.49B | $1.57B | $1.76B | $1.76B | $1.52B | $1.46B | $1.08B | $1.39B | $1.43B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | — | — | $0 | $0 | $0 | $0 | $0 | $0 | — | — | — | $0 |
| Retained earnings (deficit) | $748.4M | $679.7M | $611.5M | $519.0M | $458.7M | $397.2M | $331.8M | $333.5M | $332.0M | $282.1M | $238.4M | $203.8M |
| Accumulated other comprehensive income | −$9.4M | −$4.5M | $1.5M | $2.0M | $1.2M | $1.3M | −$749,000 | $1.9M | −$2.6M | −$3.1M | −$3.2M | −$6.0M |
| Minority interest | $99.2M | $88.7M | $73.6M | $33.8M | $28.5M | — | — | — | — | — | — | — |
| Total shareholders' equity | $1.08B | $1.09B | $1.04B | $821.8M | $758.6M | $522.7M | $453.3M | $455.3M | $447.3M | $395.7M | $324.8M | $199.9M |
| Key figures | ||||||||||||
| Total debt | $67.5M | $67.7M | $67.9M | $33.1M | $16.7M | $186.5M | $186.4M | $232.3M | $234.2M | $286.6M | $209.9M | $209.8M |
| Net cash (debt) | $875.2M | $986.9M | $1.17B | $1.15B | $1.29B | $1.08B | $867.3M | $725.5M | $441.1M | $649.0M | $560.6M | $532.9M |
| Working capital | $937.9M | $90.0M | $322.9M | $293.8M | $353.4M | $402.8M | $55.9M | $1.32B | $498.9M | $728.2M | $694.7M | $1.33B |
| Tangible book value | $1.08B | $1.03B | $978.7M | $751.0M | $689.5M | $461.7M | $448.1M | $449.5M | $440.9M | $388.6M | $317.2M | $191.7M |
| Book value per share | $83.82 | $84.53 | $80.81 | $63.79 | $58.88 | $41.20 | $35.73 | $43.32 | $35.24 | $31.36 | $28.37 | $18.22 |
| Shares outstanding | 12.9M | 12.9M | 12.9M | 12.9M | 12.9M | 12.7M | 12.7M | 10.5M | 12.7M | 12.6M | 11.5M | 11.0M |
| Current ratio | 57.95 | 1.07 | 1.24 | 1.21 | 1.24 | 1.27 | 2.34 | 25.20 | 2.59 | 3.35 | 3.52 | 189.90 |
| Quick ratio | 61.96 | 1.05 | 1.20 | 1.16 | 1.23 | 1.24 | 39.89 | 25.20 | 3.54 | 4.40 | 4.78 | 195.95 |
| Debt / equity | 0.06 | 0.06 | 0.07 | 0.04 | 0.02 | 0.36 | 0.41 | 0.51 | 0.52 | 0.72 | 0.65 | 1.05 |
| Equity / assets | 40.8% | 41.7% | 41.2% | 35.0% | 32.2% | 22.7% | 20.3% | 22.9% | 23.4% | 26.8% | 17.9% | 11.6% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
HCI financial position
At the end of fiscal 2025 (December 31, 2025), HCI had total assets of $2.5 billion (up 13.4% from a year earlier), total liabilities of $1.4 billion and shareholders' equity of $1.0 billion. It held $1.2 billion in cash and short-term investments against $67.9 million of debt, a net cash position of $1.2 billion. Its current ratio was 1.24. In the latest quarter (ended June 30, 2026) total assets were $2.6 billion and equity $1.1 billion.
Related: HCI income statement, HCI cash flow statement, HCI key metrics. See the HCI stock overview for the latest quote and news.
HCI balance sheet FAQ
What are HCI's total assets?
HCI reported total assets of $2.5 billion at the end of fiscal 2025 (December 31, 2025), compared with $2.2 billion a year earlier.
How much debt does HCI have?
HCI had $67.9 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.07.
How much cash does HCI have?
HCI held $1.2 billion in cash and short-term investments at the end of fiscal 2025; with $67.9 million of debt that is net cash of $1.2 billion.
What is HCI's book value?
HCI's shareholders' equity (book value) was $1.0 billion at the end of fiscal 2025, or $80.81 per share.
What is HCI's current ratio?
HCI had current assets of $1.6 billion and current liabilities of $1.3 billion, a current ratio of 1.24 (it can cover its short-term obligations).
How much goodwill does HCI have?
HCI carried $62.4 million of goodwill and intangible assets, 2.5% of total assets, at the end of fiscal 2025.