Inuvo, Inc (INUV) Balance Sheet

NYSE American: INUVAssets, liabilities, debt and equity over 10 years.

INUV balance sheet, 2025

December 31, 2025 · U.S. dollars

$24.9M assets = $14.8M liabilities + $10.0M equity

Both columns are drawn to the same scale: what INUV owns equals what it owes plus shareholders’ equity. Hover a block for its value.

INUV financial health

Current ratio0.64

Tight · current assets cover current liabilities 0.64×

Debt / equity0.40

Low leverage · $0.40 of debt for each $1 of equity

Equity / assets40.3%

Equity-funded · of assets funded by shareholders

Cash / debt70.5%

Partial cover · cash & short-term investments vs total debt

Goodwill & intangibles53.4%

Mostly intangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

INUV balance sheet trends, 2016–2025

Inuvo, Inc balance sheet trends
Metric	Then	Latest	Change
Total assets	$27.6M2016	$24.9M2025	−1.1%/yr
Total liabilities	$16.0M2016	$14.8M2025	−0.9%/yr
Shareholders’ equity	$11.5M2016	$10.0M2025	−1.5%/yr
Cash & short-term investments	$3.9M2016	$2.8M2025	−3.6%/yr
Total debt	$31,2102016	$4.0M2025	+71.6%/yr
Net cash (debt)	$3.9M2016	−$1.2M2025	−$5.1M
Working capital	−$144,3732016	−$5.1M2025	−$4.9M
Book value per share	$0.362018	$0.692025	+9.8%/yr
Current ratio	0.992016	0.642025	−0.34
Debt / equity	0.002016	0.402025	+0.40
Shares outstanding	31.0M2018	14.6M2025	−10.2%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

INUV assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

INUV liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

INUV debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

INUV balance sheet

Inuvo, Inc annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$2.8M	$2.5M	$4.4M	$4.5M	$12.4M	$7.9M	$372,989	$228,956	$4.1M	$3.9M
Cash & equivalents	$2.8M	$2.5M	$4.4M	$2.9M	$10.5M	$7.9M	$372,989	$228,956	$4.1M	$3.9M
Short-term investments	—	—	$0	$1.5M	$1.9M	$0	—	—	$0	$0
Receivables	$5.9M	$12.5M	$9.2M	$11.1M	$9.3M	$6.2M	$7.5M	$6.7M	$10.8M	$7.6M
Inventory	$0	$0	$0	$0	$0	$1	$0	$0	$1	$1
Other current assets	$489,790	$639,805	$1.1M	$798,977	$1.4M	$413,434	$243,888	$259,712	$395,860	$284,468
Total current assets	$9.2M	$15.6M	$14.7M	$16.4M	$23.1M	$14.5M	$8.1M	$7.2M	$15.2M	$11.8M
Property, plant & equipment (net)	$2.3M	$2.7M	$2.6M	$2.1M	$2.3M	$2.2M	$2.2M	$2.1M	$2.3M	$1.6M
Goodwill & intangible assets	$13.3M	$13.7M	$14.5M	$15.5M	$16.6M	$18.4M	$20.3M	$19.3M	$20.7M	$14.1M
Long-term investments	$0	$0	$0	$660,126	$859,512	$0	$0	$0	$0	$0
Other non-current assets	$78,339	$78,342	$553,346	$866,919	$1.1M	$20,886	$20,886	$35,170	$36,070	$15,186
Total assets	$24.9M	$32.2M	$32.4M	$35.6M	$44.0M	$35.2M	$30.7M	$28.7M	$38.2M	$27.6M
Liabilities
Accounts payable	$7.1M	$8.4M	$6.4M	$8.0M	$4.8M	$4.0M	$7.5M	$9.5M	$13.6M	$9.3M
Short-term debt	$3.6M	$278,076	$173,875	$388,526	$443,432	$464,464	$4.4M	$2.3M	$5.1M	$31,210
Deferred revenue	—	—	$6,076	—	$5.4M	$4.2M	$4.1M	$14,109	$25,905	$2.4M
Total current liabilities	$14.3M	$17.9M	$14.5M	$13.6M	$10.7M	$8.7M	$15.7M	$14.1M	$21.4M	$12.0M
Long-term debt	$0	$0	$0	$0	$0	$149,900	$0	$1.1M	$281,000	$0
Lease obligations	$738,005	$1.0M	$943,905	$483,001	$849,670	$946,792	$837,796	$279,738	$491,410	$31,210
Other long-term liabilities	$1.9M	$835,271	$859,484	$212,208	$526,540	$1.0M	$559,051	$2.5M	$2.5M	$4.1M
Total liabilities	$14.8M	$18.7M	$15.4M	$13.8M	$11.2M	$9.9M	$16.2M	$17.6M	$24.2M	$16.0M
Shareholders' equity
Common stock & paid-in capital	$14,703	$140,501	$137,983	$120,138	$118,748	$98,036	$52,223	$32,759	$28,996	$25,300
Retained earnings (deficit)	−$178.3M	−$173.2M	−$167.4M	−$157.1M	−$144.0M	−$136.4M	−$129.0M	−$126.5M	−$120.6M	−$117.5M
Treasury stock	—	—	—	—	—	—	−$1.4M	−$1.4M	−$1.4M	−$1.4M
Accumulated other comprehensive income	—	—	—	−$84,868	$53,737	—	$0	−$9.3M	−$7.5M	−$6.0M
Minority interest	—	—	—	—	—	—	—	—	$0	$0
Total shareholders' equity	$10.0M	$13.5M	$17.0M	$21.7M	$32.8M	$25.3M	$14.5M	$11.0M	$14.1M	$11.5M
Key figures
Total debt	$4.0M	$1.0M	$943,905	$483,000	$849,670	$1.1M	$4.8M	$3.4M	$5.4M	$31,210
Net cash (debt)	−$1.2M	$1.4M	$3.5M	$4.0M	$11.6M	$6.8M	−$4.4M	−$3.2M	−$1.3M	$3.9M
Working capital	−$5.1M	−$2.2M	$211,057	$2.8M	$12.4M	$5.8M	−$7.5M	−$6.9M	−$6.2M	−$144,373
Tangible book value	−$3.3M	−$273,445	$2.5M	$6.2M	$16.2M	$6.8M	−$5.9M	−$8.3M	−$6.6M	−$2.6M
Book value per share	$0.69	$0.96	$1.30	$1.82	$2.79	$3.26	$3.57	$0.36	—	—
Shares outstanding	14.6M	14.0M	13.1M	12.0M	11.8M	7.7M	4.0M	31.0M	—	—
Current ratio	0.64	0.87	1.01	1.20	2.16	1.66	0.52	0.51	0.71	0.99
Quick ratio	0.61	0.84	0.94	1.15	2.03	1.62	0.50	0.49	0.69	0.96
Debt / equity	0.40	0.08	0.06	0.02	0.03	0.04	0.33	0.31	0.38	0.00
Equity / assets	40.3%	41.9%	52.5%	61.2%	74.6%	71.9%	47.1%	38.5%	36.8%	41.8%

Inuvo, Inc quarterly balance sheet
	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	$886,471	$2.9M	$2.8M	$3.4M	$2.1M	$2.6M	$2.5M	$2.6M	$2.0M	$2.4M	$4.4M	$7.0M
Cash & equivalents	$886,471	$2.9M	$2.8M	$3.4M	$2.1M	$2.6M	$2.5M	$2.6M	$2.0M	$2.4M	$4.4M	$7.0M
Short-term investments	—	—	—	—	—	—	—	—	—	—	$0	$0
Receivables	$4.5M	$4.3M	$5.9M	$9.9M	$9.7M	$12.0M	$12.5M	$8.8M	$8.1M	$8.7M	$9.2M	$10.2M
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$1	$0	$0	$0
Other current assets	$1.9M	$630,994	$489,790	$706,199	$670,852	$738,995	$639,805	$882,550	$1.0M	$1.0M	$1.1M	$959,037
Total current assets	$7.3M	$7.8M	$9.2M	$14.0M	$12.5M	$15.3M	$15.6M	$12.3M	$11.1M	$12.2M	$14.7M	$18.1M
Property, plant & equipment (net)	$1.9M	$2.2M	$2.3M	$1.7M	$2.6M	$2.7M	$2.7M	$2.8M	$2.8M	$2.9M	$2.6M	$2.7M
Goodwill & intangible assets	$13.0M	$13.2M	$13.3M	$13.4M	$13.5M	$13.6M	$13.7M	$13.9M	$14.0M	$14.3M	$14.5M	$14.8M
Long-term investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$5.1M	$68,342	$78,339	$807,902	$78,342	$78,342	$78,342	$78,345	$478,345	$478,346	$553,346	$654,539
Total assets	$27.3M	$23.2M	$24.9M	$29.9M	$28.7M	$31.7M	$32.2M	$29.0M	$28.5M	$29.8M	$32.4M	$36.2M
Liabilities
Accounts payable	$4.2M	$4.1M	$7.1M	$7.7M	$8.8M	$7.3M	$8.4M	$7.1M	$6.1M	$5.3M	$6.4M	$7.8M
Short-term debt	$3.6M	$2.4M	$3.6M	$3.7M	$283,482	$281,147	$278,076	$274,296	$269,696	$272,105	$173,875	$233,220
Deferred revenue	—	—	—	—	—	—	—	—	$10,241	$2,899	$6,076	$8.4M
Total current liabilities	$12.1M	$10.6M	$14.3M	$18.9M	$15.9M	$17.5M	$17.9M	$15.7M	$13.9M	$13.6M	$14.5M	$16.4M
Long-term debt	$6.4M	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$594,180	$666,949	$738,005	$806,637	$877,662	$948,096	$1.0M	$1.1M	$1.1M	$1.2M	$943,905	$974,872
Other long-term liabilities	$452,779	$497,695	$551,883	$625,322	$694,122	$766,891	$835,271	$901,244	$972,271	$1.0M	$859,484	$866,526
Total liabilities	$19.0M	$11.1M	$14.8M	$19.5M	$16.6M	$18.2M	$18.7M	$16.6M	$14.9M	$14.7M	$15.4M	$17.3M
Shareholders' equity
Common stock & paid-in capital	$14,846	$14,786	$14,703	$144,863	$144,735	$143,614	$140,501	$140,467	$140,434	$139,428	$137,983	$137,983
Retained earnings (deficit)	−$180.4M	−$176.4M	−$178.3M	−$177.7M	−$176.0M	−$174.5M	−$173.2M	−$173.4M	−$171.3M	−$169.6M	−$167.4M	−$165.0M
Total shareholders' equity	$8.3M	$12.2M	$10.0M	$10.4M	$12.1M	$13.4M	$13.5M	$12.4M	$13.5M	$15.1M	$17.0M	$18.9M
Key figures
Total debt	$10.3M	$2.8M	$4.0M	$4.2M	$877,662	$948,096	$1.0M	$1.1M	$1.1M	$1.2M	$943,905	$974,872
Net cash (debt)	−$9.4M	$72,177	−$1.2M	−$810,349	$1.3M	$1.6M	$1.4M	$1.5M	$864,526	$1.2M	$3.5M	$6.0M
Working capital	−$4.8M	−$2.7M	−$5.1M	−$4.9M	−$3.4M	−$2.2M	−$2.2M	−$3.4M	−$2.8M	−$1.5M	$211,057	$1.7M
Tangible book value	−$4.7M	−$1.0M	−$3.3M	−$3.0M	−$1.4M	−$184,127	−$273,445	−$1.5M	−$486,313	$832,859	$2.5M	$4.1M
Book value per share	$0.56	$0.82	$0.69	$0.72	$0.84	$0.94	$0.96	$0.88	$0.97	$1.09	$1.33	$1.48
Shares outstanding	14.8M	14.9M	14.6M	14.6M	14.5M	14.3M	14.0M	14.0M	14.0M	13.9M	12.7M	12.7M
Current ratio	0.60	0.74	0.64	0.74	0.79	0.88	0.87	0.78	0.80	0.89	1.01	1.10
Quick ratio	0.45	0.68	0.61	0.71	0.75	0.83	0.84	0.73	0.72	0.82	0.94	1.04
Debt / equity	1.24	0.23	0.40	0.40	0.07	0.07	0.08	0.09	0.08	0.08	0.06	0.05
Equity / assets	30.5%	52.3%	40.3%	34.8%	42.1%	42.4%	41.9%	42.8%	47.6%	50.7%	52.5%	52.2%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 5, 2026); data from EODHD.

INUV financial position

At the end of fiscal 2025 (December 31, 2025), Inuvo had total assets of $24.9 million (down 22.8% from a year earlier), total liabilities of $14.8 million and shareholders' equity of $10.0 million. It held $2.8 million in cash and short-term investments against $4.0 million of debt, net debt of $1.2 million. Its current ratio was 0.64. In the latest quarter (ended June 30, 2026) total assets were $27.3 million and equity $8.3 million.

Related: INUV income statement, INUV cash flow statement, INUV key metrics. See the INUV stock overview for the latest quote and news.

INUV balance sheet FAQ

What are Inuvo's total assets?

Inuvo reported total assets of $24.9 million at the end of fiscal 2025 (December 31, 2025), compared with $32.2 million a year earlier.

How much debt does Inuvo have?

Inuvo had $4.0 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.40.

How much cash does Inuvo have?

Inuvo held $2.8 million in cash and short-term investments at the end of fiscal 2025; with $4.0 million of debt that is net debt of $1.2 million.

What is Inuvo's book value?

Inuvo's shareholders' equity (book value) was $10.0 million at the end of fiscal 2025, or $0.69 per share.

What is Inuvo's current ratio?

Inuvo had current assets of $9.2 million and current liabilities of $14.3 million, a current ratio of 0.64 (current liabilities exceed current assets).

How much goodwill does Inuvo have?

Inuvo carried $13.3 million of goodwill and intangible assets, 53.4% of total assets, at the end of fiscal 2025.