Imperial Petroleum Inc. (IMPP) Balance Sheet
IMPP balance sheet, 2025
December 31, 2025 · U.S. dollars$547.4M assets = $16.6M liabilities + $530.8M equity
Both columns are drawn to the same scale: what IMPP owns equals what it owes plus shareholders’ equity. Hover a block for its value.
IMPP financial health
Equity / assets97.0%
Equity-funded · of assets funded by shareholders
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
IMPP balance sheet trends, 2009–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.1M2009 | $547.4M2025 | +77.4%/yr | |
| Total liabilities | $2.2M2009 | $16.6M2025 | +24.9%/yr | |
| Shareholders’ equity | $892,5602009 | $530.8M2025 | +103.4%/yr | |
| Cash & short-term investments | $69,6532009 | $179.1M2025 | +139.3%/yr | |
| Total debt | $528,4762009 | $78,7612024 | −21.2%/yr | |
| Net cash (debt) | −$458,8232009 | $206.7M2024 | +$207.1M | |
| Working capital | −$1.7M2009 | $182.4M2025 | +$184.1M | |
| Book value per share | $15.802023 | $14.652025 | −3.7%/yr | |
| Debt / equity | 0.592009 | 0.002024 | −0.59 | |
| Shares outstanding | 22.9M2023 | 36.2M2025 | +25.7%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
IMPP assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
IMPP liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
IMPP debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
IMPP balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2011 | 2010 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $179.1M | $206.7M | $124.0M | $118.9M | $3.4M | $6.5M | $8.8M | $139,147 | $28,525 | $69,653 |
| Cash & equivalents | $5.8M | $67.8M | $91.9M | $50.9M | $3.4M | $6.5M | $8.8M | $139,147 | $28,525 | $69,653 |
| Short-term investments | $173.3M | $138.9M | $32.1M | $68.0M | $0 | — | — | — | — | — |
| Receivables | $13.9M | $13.5M | $51.4M | $8.0M | $1.8M | $665,875 | $181,165 | $931,062 | $121,252 | $60,651 |
| Inventory | $4.7M | $7.3M | $7.3M | $5.5M | $258,846 | $835,997 | $131,476 | $40,086 | $139,350 | $0 |
| Other current assets | $1.4M | $903,331 | $464,710 | $2.2M | $601,769 | $1.5M | $80,284 | $1.7M | $418,186 | $0 |
| Total current assets | $199.0M | $228.4M | $183.2M | $134.6M | $6.0M | $9.4M | $9.2M | $2.8M | $707,313 | $130,304 |
| Property, plant & equipment (net) | $335.4M | $208.3M | $180.8M | $226.4M | $120.0M | $128.7M | $136.4M | $9.8M | $12.2M | $3.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $442,756 | $208,833 | $0 |
| Long-term investments | $13.0M | $12.8M | $12.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $0 | $0 | $0 | $5.6M | $2.5M | $0 | $0 | $280,567 | $0 | $0 |
| Total assets | $547.4M | $449.5M | $376.8M | $366.6M | $128.5M | $138.1M | $145.6M | $13.4M | $13.1M | $3.1M |
| Liabilities | ||||||||||
| Accounts payable | $6.0M | $5.2M | $8.3M | $8.1M | $1.4M | $1.2M | $523,108 | $2.7M | $2.9M | $471,948 |
| Short-term debt | — | $78,761 | — | $10.2M | $4.7M | — | — | $9.7M | $13.8M | $528,476 |
| Deferred revenue | $3.4M | $1.4M | $919,116 | $1.1M | $850,321 | $1.0M | $1.3M | $713,345 | $5.5M | $718,444 |
| Total current liabilities | $16.6M | $28.8M | $14.5M | $24.4M | $8.6M | $4.1M | $1.9M | $17.7M | $22.5M | $1.8M |
| Long-term debt | $0 | $0 | $0 | $59.8M | $23.1M | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $0 | $78,761 | $0 | — | — | — | — | — | — | — |
| Other long-term liabilities | $0 | $0 | $0 | $0 | $0 | $2.2M | $1.8M | $2.0M | $6.4M | $406,562 |
| Total liabilities | $16.6M | $28.8M | $14.5M | $84.2M | $31.7M | $4.1M | $1.9M | $19.6M | $28.9M | $2.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $489,006 | $382,755 | $332,573 | $2.0M | $47,753 | $134.1M | $143.7M | $244,582 | $134,190 | $101,788 |
| Retained earnings (deficit) | $194.3M | $146.0M | $97.6M | $28.6M | −$471,557 | — | — | −$29.9M | −$27.8M | −$10.0M |
| Accumulated other comprehensive income | — | $0 | −$332,573 | $0 | $0 | — | — | — | — | — |
| Total shareholders' equity | $530.8M | $420.7M | $362.3M | $282.4M | $96.7M | $134.1M | $143.7M | −$6.3M | −$15.7M | $892,560 |
| Key figures | ||||||||||
| Total debt | — | $78,761 | — | $70.0M | $27.8M | — | — | $11.7M | $19.7M | $528,476 |
| Net cash (debt) | — | $206.7M | — | $48.9M | −$24.4M | — | — | −$11.6M | −$19.7M | −$458,823 |
| Working capital | $182.4M | $199.6M | $168.7M | $110.2M | −$2.6M | $5.4M | $7.3M | −$14.9M | −$21.8M | −$1.7M |
| Tangible book value | $530.8M | $420.7M | $362.3M | $282.4M | $96.7M | $134.1M | $143.7M | −$6.7M | −$15.9M | $892,560 |
| Book value per share | $14.65 | $12.74 | $15.80 | — | — | — | — | — | — | — |
| Shares outstanding | 36.2M | 33.0M | 22.9M | — | — | — | — | — | — | — |
| Current ratio | 11.99 | 7.92 | 12.61 | 5.52 | 0.70 | 2.32 | 4.78 | 0.16 | 0.03 | 0.07 |
| Quick ratio | 11.63 | 7.64 | 12.07 | 5.21 | 0.60 | 1.75 | 4.67 | 0.06 | 0.01 | 0.07 |
| Debt / equity | — | 0.00 | — | 0.25 | 0.29 | — | — | — | — | 0.59 |
| Equity / assets | 97.0% | 93.6% | 96.1% | 77.0% | 75.3% | 97.1% | 98.7% | −46.9% | −119.7% | 28.4% |
| 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 | $245.2M | $212.6M | $179.1M | $99.3M | $212.2M | $227.4M | $206.7M | $199.2M | $129.8M | $67.0M | $67.0M | $125.9M |
| Cash & equivalents | $7.5M | $71.9M | $5.8M | $2.9M | $127.7M | $126.5M | $79.8M | $167.1M | $69.7M | $35.3M | $35.3M | $49.1M |
| Short-term investments | $237.7M | $140.7M | $173.3M | $96.5M | $84.5M | $100.9M | $126.9M | $32.0M | $60.0M | $31.6M | $31.6M | $76.7M |
| Receivables | $19.6M | $14.0M | $13.9M | $12.5M | $12.8M | $8.8M | $13.5M | $12.5M | $58.1M | $55.5M | $55.5M | $50.0M |
| Inventory | $10.4M | $9.9M | $4.7M | $6.8M | $6.0M | $6.7M | $7.3M | $6.7M | $8.7M | $7.9M | $7.9M | $8.1M |
| Other current assets | $1.9M | $1.8M | $1.4M | $1.9M | $392,333 | $277,232 | $903,331 | $385,188 | $1.2M | $1.0M | $1.0M | $521,747 |
| Total current assets | $277.1M | $238.3M | $199.0M | $120.5M | $231.4M | $243.2M | $228.4M | $218.7M | $197.8M | $131.4M | $131.4M | $184.5M |
| Property, plant & equipment (net) | $355.0M | $349.3M | $335.4M | $343.1M | $350.6M | $227.1M | $208.3M | $212.8M | $202.0M | $249.0M | $249.0M | $183.4M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $13.0M | $12.8M | $13.0M | $12.8M | $12.8M | $12.8M | $12.8M | $12.8M | $12.8M | $12.8M | $12.8M | $12.8M |
| Other non-current assets | $1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total assets | $645.1M | $600.4M | $547.4M | $476.3M | $594.8M | $483.0M | $449.5M | $444.3M | $412.6M | $393.2M | $393.2M | $380.8M |
| Liabilities | ||||||||||||
| Accounts payable | $13.9M | $9.7M | $6.0M | $8.4M | $6.2M | $5.9M | $5.2M | $5.6M | $5.6M | $6.7M | $6.7M | $8.9M |
| Short-term debt | $100,984 | $96,892 | — | $19,263 | $39,912 | $60,239 | $78,761 | $72,704 | $72,704 | $72,704 | $72,704 | $15,749 |
| Deferred revenue | $2.7M | $2.9M | $3.4M | $1.5M | $2.2M | $1.8M | — | $974,079 | $1.4M | $49,950 | $49,950 | $146,884 |
| Total current liabilities | $58.1M | $41.3M | $16.6M | $17.4M | $149.4M | $50.6M | $28.8M | $28.2M | $13.7M | $16.3M | $16.3M | $17.9M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $263,445 | $286,997 | $0 | $19,263 | $39,912 | $60,239 | $78,761 | $96,317 | $114,912 | $132,448 | — | $15,749 |
| Other long-term liabilities | $162,460 | $190,105 | $0 | $0 | $0 | $0 | $0 | $23,613 | $42,208 | $59,744 | $59,744 | $10.0M |
| Total liabilities | $58.1M | $41.5M | $16.6M | $17.4M | $149.4M | $50.6M | $28.8M | $28.3M | $13.8M | $16.3M | $16.3M | $17.9M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $504,406 | $500,006 | $489,006 | $401,798 | $386,646 | $386,671 | $382,755 | $379,786 | $345,835 | $332,573 | $332,573 | $255,679 |
| Retained earnings (deficit) | $256.2M | $221.8M | $194.3M | $179.7M | $169.2M | $156.9M | $146.0M | $142.5M | $132.9M | $113.8M | $113.8M | $91.6M |
| Accumulated other comprehensive income | — | — | — | — | — | $0 | $0 | — | — | −$332,572 | −$332,572 | $10.0M |
| Total shareholders' equity | $586.8M | $559.0M | $530.8M | $459.0M | $445.4M | $432.4M | $420.7M | $416.1M | $398.8M | $376.9M | $376.9M | $362.8M |
| Key figures | ||||||||||||
| Total debt | $100,984 | $286,997 | — | $19,263 | $39,912 | $60,239 | $78,761 | $96,317 | $114,912 | $132,448 | $132,448 | $15,749 |
| Net cash (debt) | $245.1M | $212.3M | — | $99.3M | $212.2M | $227.4M | $206.7M | $199.1M | $129.6M | $66.8M | $66.8M | $125.9M |
| Working capital | $219.0M | $197.0M | $182.4M | $103.1M | $82.0M | $192.5M | $199.6M | $190.5M | $184.1M | $115.1M | $115.1M | $166.5M |
| Tangible book value | $586.8M | $559.0M | $530.8M | $459.0M | $445.4M | $432.4M | $420.7M | $416.1M | $398.8M | $376.9M | $376.9M | $362.8M |
| Book value per share | $12.19 | $11.74 | $12.91 | $12.61 | $12.66 | $12.62 | $12.12 | $12.14 | $12.44 | $12.18 | $12.18 | $13.69 |
| Shares outstanding | 48.1M | 47.6M | 41.1M | 36.4M | 35.2M | 34.3M | 34.7M | 34.3M | 32.1M | 31.0M | 31.0M | 26.5M |
| Current ratio | 4.77 | 5.77 | 11.99 | 6.94 | 1.55 | 4.80 | 7.92 | 7.75 | 14.40 | 8.08 | 8.08 | 10.28 |
| Quick ratio | 4.55 | 5.49 | 11.63 | 6.44 | 1.51 | 4.66 | 7.64 | 7.50 | 13.68 | 7.53 | 7.53 | 9.80 |
| Debt / equity | 0.00 | 0.00 | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Equity / assets | 91.0% | 93.1% | 97.0% | 96.4% | 74.9% | 89.5% | 93.6% | 93.6% | 96.7% | 95.8% | 95.8% | 95.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed April 29, 2026); data from EODHD.
IMPP financial position
At the end of fiscal 2025 (December 31, 2025), Imperial Petroleum had total assets of $547.4 million (up 21.8% from a year earlier), total liabilities of $16.6 million and shareholders' equity of $530.8 million. Its current ratio was 11.99. In the latest quarter (ended June 30, 2026) total assets were $645.1 million and equity $586.8 million.
Related: IMPP income statement, IMPP cash flow statement, IMPP key metrics. See the IMPP stock overview for the latest quote and news.
IMPP balance sheet FAQ
What are Imperial Petroleum's total assets?
Imperial Petroleum reported total assets of $547.4 million at the end of fiscal 2025 (December 31, 2025), compared with $449.5 million a year earlier.
How much cash does Imperial Petroleum have?
Imperial Petroleum held $179.1 million in cash and short-term investments at the end of fiscal 2025.
What is Imperial Petroleum's book value?
Imperial Petroleum's shareholders' equity (book value) was $530.8 million at the end of fiscal 2025, or $14.65 per share.
What is Imperial Petroleum's current ratio?
Imperial Petroleum had current assets of $199.0 million and current liabilities of $16.6 million, a current ratio of 11.99 (it can cover its short-term obligations).