Tessera Defense and Homeland Security Inc. (HLSQ) Balance Sheet
HLSQ balance sheet, 2025
December 31, 2025 · U.S. dollars$5.8M assets = $7.1M liabilities + −$1.3M equity
Liabilities exceed assets: shareholders’ equity is negative (−$1.3M).
Both columns are drawn to the same scale: what HLSQ owns equals what it owes plus shareholders’ equity. Hover a block for its value.
HLSQ financial health
Descriptive bands, not a rating. Fiscal 2025.
HLSQ balance sheet trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $45.5M2022 | $5.8M2025 | −49.7%/yr | |
| Total liabilities | $24.5M2022 | $7.1M2025 | −33.9%/yr | |
| Shareholders’ equity | $21.0M2022 | −$1.3M2025 | — | |
| Cash & short-term investments | $33.3M2022 | $4.4M2025 | −49.2%/yr | |
| Total debt | $10.6M2022 | $5.4M2023 | −49.0%/yr | |
| Net cash (debt) | $22.7M2022 | $9.5M2023 | −$13.2M | |
| Working capital | $28.9M2022 | −$804,0002025 | −$29.7M | |
| Current ratio | 4.652022 | 0.872025 | −3.77 | |
| Debt / equity | 0.502022 | 1.752023 | +1.25 |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HLSQ assets
HLSQ liabilities and equity
HLSQ debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
HLSQ balance sheet
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Assets | ||||
| Cash & short-term investments | $4.4M | $16.9M | $14.9M | $33.3M |
| Cash & equivalents | $4.4M | $16.9M | $14.9M | $31.3M |
| Short-term investments | — | — | $0 | $2.0M |
| Receivables | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 |
| Other current assets | $1.2M | $3.7M | $2.7M | $3.5M |
| Total current assets | $5.6M | $20.5M | $17.6M | $36.9M |
| Property, plant & equipment (net) | $0 | $10.5M | $7.4M | $8.7M |
| Goodwill & intangible assets | $208,000 | $12.1M | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $161,000 | $0 | $0 |
| Total assets | $5.8M | $43.2M | $25.0M | $45.5M |
| Liabilities | ||||
| Accounts payable | $3.1M | $1.9M | $1.4M | $820,000 |
| Total current liabilities | $6.4M | $8.3M | $11.2M | $7.9M |
| Long-term debt | $0 | $0 | $5.4M | $10.6M |
| Lease obligations | $1.4M | $9.6M | $3.9M | $4.5M |
| Other long-term liabilities | $706,000 | $10.8M | $5.4M | $6.0M |
| Total liabilities | $7.1M | $19.1M | $21.9M | $24.5M |
| Shareholders' equity | ||||
| Retained earnings (deficit) | −$216.9M | −$180.7M | −$163.0M | −$136.8M |
| Total shareholders' equity | −$1.3M | $24.1M | $3.1M | $21.0M |
| Key figures | ||||
| Total debt | — | — | $5.4M | $10.6M |
| Net cash (debt) | — | — | $9.5M | $22.7M |
| Working capital | −$804,000 | $12.3M | $6.5M | $28.9M |
| Tangible book value | −$1.5M | $12.1M | $3.1M | $21.0M |
| Current ratio | 0.87 | 2.48 | 1.58 | 4.65 |
| Quick ratio | 0.68 | 2.04 | 1.33 | 4.20 |
| Debt / equity | — | — | 1.75 | 0.50 |
| Equity / assets | −22.5% | 55.9% | 12.3% | 46.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & short-term investments | $572,000 | $1.2M | $4.4M | $6.9M | $14.0M |
| Cash & equivalents | $347,000 | $1.2M | $4.4M | $6.9M | $14.0M |
| Short-term investments | $225,000 | — | — | — | — |
| Receivables | $327,000 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $1.5M | $1.9M | $1.2M | $1.9M | $2.6M |
| Total current assets | $2.4M | $3.0M | $5.6M | $8.9M | $16.6M |
| Property, plant & equipment (net) | $122,000 | $0 | $0 | $5.1M | $9.2M |
| Goodwill & intangible assets | $25.6M | $208,000 | $208,000 | $12.1M | $12.1M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $18,000 | $0 | $0 | $161,000 | $161,000 |
| Total assets | $28.2M | $3.3M | $5.8M | $26.2M | $38.0M |
| Liabilities | |||||
| Accounts payable | $908,000 | $720,000 | $3.1M | $1.5M | $2.2M |
| Total current liabilities | $10.2M | $2.4M | $6.4M | $5.2M | $6.3M |
| Long-term debt | $247,000 | $0 | $0 | $0 | $0 |
| Lease obligations | $21,000 | $0 | $1.4M | $6.6M | $9.4M |
| Other long-term liabilities | $137,000 | $1.7M | $706,000 | $10.5M | $12.6M |
| Total liabilities | $10.6M | $4.1M | $7.1M | $15.7M | $18.9M |
| Shareholders' equity | |||||
| Retained earnings (deficit) | −$239.8M | −$236.0M | −$216.9M | −$203.6M | −$194.4M |
| Minority interest | $6.8M | — | — | — | — |
| Total shareholders' equity | $10.9M | −$881,000 | −$1.3M | $10.5M | $19.2M |
| Key figures | |||||
| Total debt | $247,000 | — | — | — | — |
| Net cash (debt) | $325,000 | — | — | — | — |
| Working capital | −$7.8M | $596,000 | −$804,000 | $3.6M | $10.4M |
| Tangible book value | −$14.8M | −$1.1M | −$1.5M | −$1.6M | $7.1M |
| Current ratio | 0.24 | 1.24 | 0.87 | 1.70 | 2.66 |
| Quick ratio | 0.09 | 0.48 | 0.68 | 1.32 | 2.24 |
| Debt / equity | 0.02 | — | — | — | — |
| Equity / assets | 38.5% | −27.1% | −22.5% | 40.1% | 50.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed —); data from EODHD.
HLSQ financial position
At the end of fiscal 2025 (December 31, 2025), Tessera Defense and Homeland Security had total assets of $5.8 million (down 86.6% from a year earlier), total liabilities of $7.1 million and shareholders' equity of -$1.3 million. Its current ratio was 0.87. In the latest quarter (ended June 30, 2026) total assets were $28.2 million and equity $10.9 million.
Related: HLSQ income statement, HLSQ cash flow statement, HLSQ key metrics. See the HLSQ stock overview for the latest quote and news.
HLSQ balance sheet FAQ
What are Tessera Defense and Homeland Security's total assets?
Tessera Defense and Homeland Security reported total assets of $5.8 million at the end of fiscal 2025 (December 31, 2025), compared with $43.2 million a year earlier.
How much cash does Tessera Defense and Homeland Security have?
Tessera Defense and Homeland Security held $4.4 million in cash and short-term investments at the end of fiscal 2025.
What is Tessera Defense and Homeland Security's book value?
Tessera Defense and Homeland Security's shareholders' equity (book value) was -$1.3 million at the end of fiscal 2025.
What is Tessera Defense and Homeland Security's current ratio?
Tessera Defense and Homeland Security had current assets of $5.6 million and current liabilities of $6.4 million, a current ratio of 0.87 (current liabilities exceed current assets).
How much goodwill does Tessera Defense and Homeland Security have?
Tessera Defense and Homeland Security carried $0.2 million of goodwill and intangible assets, 3.6% of total assets, at the end of fiscal 2025.